CLASSICS FOR ALL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023
Classics for All REPORT AND FINANCIAL STATEMENTS Forthe yearended 31 December2023 CONTENTS Legal and administrative information Statement from the Chairman Report of trustees Independent examinerfs rekY)rt 14 Statement of financial artivities 15 Balance sheet 16 Statement of cash flows 17 Notes to f inancial statements 18
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 LEGAL AND ADMINISTrATIVE INFORMATION Name CLASSICS FOR ALL {Company limited by guarantee no. 0718Z949 registered charity no. 1135379) Registered office Room DI, North Wing, King's College, London WC2R 2LS Honorary Presidents Nicholas Barber CBE Geoffrey de lager Trustees and directors The following served as trustees and directors during the year.. James Mulville (Chairman) Matthew Lindsey-clark l Hon Treasurer) Helen Geary Marion Gibbs CBE, dia Kuhivchak Dr Mai Musie Professor Michael Scott Sonia Thompson Advisers Jeannie Cohen Dr Peterjones MBE Chief Executwe Hilary Hodgson luntil 13 December 20231 Interim Director Jules Mann If rom 13 september 20231 Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Independent examiner AnthonyEpton FCA, CTA, FCIE Goldwins Limited 75 Maygrove Road, West Hampstead, London NW62EG l. Members of Development Committee. 2. Members of Finance & Operations Committee. 3. Members of Nominatlons Committee
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 STATEMENT FROM THE CHAIRMAN Despite the powerful headwinds of a challenging economy and the cost of living crisis 2023 was an another strong year at Classics for All. We continued to deliver Classics in some form through all our networksto young people who otherwise would not have h ad the opportunity to explore the literary, linguistic and historical treasures of the ancient world. In particular, our'fairer access to classics, initiative reached into schools outside of London and the South East and our d ata shows that 61F/o of the schools we supported in the Midlands and South West were in the most deprived areas. Of course none of these works would be possible without the consistent and committed support of our supporters who give so generously. Last year was no exception and as a result of a brilliant successf ul gala dinner and another wonderful Big Give Christm as Challenge we are in good shape to carry on the work expanding our offer more deeply into regions like Wales, Scotland and the North East. As HeraclitU5 said 'Nothing is constant but change" and we've some changes of personnel. First some valedictions: Jane Page our Head of Giving, Hannah Walsh our Programme Director, Alice Parr and Ala'a Sukhera on the fundraising team and Tom Ingram who worked alongside the CEO all went on to pastures new and we wish them well in their future roles and of course owe them all an enormous debt of gratitude for their brilliant work which has left us in such a strong position. And finally, for health and family reasons, Hilary Hodgson stood down as Chief Executive of Classic5 for All in December, bringing a close to her long professional association with the charity. Hilary was involved with Classics for All from its earliest days,. she was the driving force behind the development of our schools and training programmes and our regional network strategy. Without her energy, passion and commitment, Classics for All would not have been able to make the difference it has in helping to revive the teaching of classical subjects in the state school sector across the UK. We tookthese departures as an opportunityto reshape and add to our core team in our King's College HQ and as a consequence a new and impressive team is getting readyto take us onto the next stage of ourjourney. Specifically we have confirmed Anna Bell as our Grants, Network and Training Co- ordinator, Cristina Chui as our Operations Officer, Nikita Salt as our Fundraising and Communications Officer and Kelsi Russell as our Administrator. And they will be led by our new CEO. l am delighted to announce that on 15 April 2024 taking the helm of CfA will be Jo Hobbs MBE. Jo has led the British Youth Council for seven years and has the drive and leadership qualities to guide us into a very bright future as our new Chief Executive. As an added bonus she also loves classics, having studied it to A level l Jo's first task will be to complete the team with the appointments of a Programme Director and Head of Giving, aided and abetted of course by our diligent, dedicated and vastly experienced Trustees who continue to give generously of their time and experience. These are exciting times at the charity and I cannot wait to see what Jo and the team achieve in the coming year and beyond. Jimm Mulville, Chairman Date: 19 June 2024
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 REPORT OF THE TRUSTEES The trustees, who are also directors under company law, presenttheirannual report together with the financial statements of the charity for the year ended 31 December 2023. The trustees conf irm that the financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice- Accounting and Reporting by Charities= SORP applicable to charities preparing their accounts in accordance with FRS 102. Objertives and artivities Purposes and aims The object of Classics for All is to advance education in the languages, history and culture of Ancient G ree and Rome and the classical world I'classics" and "classical subjects"l- We believe that studying the ancient world (ancient history, classical civilisation, Latin and Ancient G reekl is enjoyable and beneficial for all pupils, developing their cultural awareness, language, and analytical skills, as well as raising levels ot aspiration and achievement. Our mission is to inspire more state primary and secondary schoo15 to teach classics, especially in areas of social and economic disadvantage. To do this, we offer teachers f ree training, resources, advice and mentoring to make classics a permanent part of the school curriculum. Key achievements and performance in 2023 Although schools continued to sufferfrom a number of challenges outlined below, our outreach maintained levels similar to 2022. Our work in 2023 put less of an emphasis on growth in number of new schools and more on sustaining and developing our influence. Our stated goals for the year were: to support schools to 5UStain classics in challenging economic circumstances. to develop a new online platform with resources, advice and support for non-specialist teachers on integrating classics into the curriculum. to introduce classics in l(J) new schools, 6(M outside the Southeast of England to strengthen regional support for schools in areas of high social deprivation in the North, Midlands and Southwest. to work with regional museums and other partners to increase schools, engagement with the ancient world. to continue to work with the Classical Association to inform examination reform. to develop our new youth group The Chorus as a powerful platform for supporting young classicists and promoting wider awareness of our work. The educational landscape remained tough throughout 2023.. schools continued to be focused on educational catch-up and closing the attainment gap in key subjetts post covid, dealing with squeezed budgets, high pupil absen rates and teacher retention diff iculties in addition to RAAC Istructural building) issues. In this context, it is unsurprising that demand f rom new schools has slowed so we concentrated on ensuring existing schools were well supported with top up training, CPD, accessible resources and networking opportunities to ensure retention remains high. While many classics teaching resources are available online their scattefed distribution can make it
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 diff icult for time-pressed teachers to find them. In June 2023 we launched a new 'Resources Hub, website hosting our approved resources and advice on how to use them. Our focus on expanding options for Key Stage 3 has allowed non-specialist teachers Iparticularly in English and Historyl to explore classics teaching and integrate it into a busy curriculum which might not otherwise have room for an entirely new and unfamiliar subject. In 2023 we fell short of ambitious targets to Introdu classics into I[ new schools, supporting 76 new schools, but we were successful in addressing some of the regional divide in classic5 provision. Access to classics teaching is far more prevalent in London and the Southeast but our regional networks targeted new recruitment in the less represented regions. As a result, 75Yo of our new schools156 schools) came from areas outside London and the Southeast of England, and 6QVo of the schools we supported in the North, Midlands and Southwest were in the most deprived f ive deciles of IMD Ilndex of Multiple Deprivation). Throughout 2023 we increased our links with regional museums, libraries and other partners to support schools, engagement with the ancient world. Some particularly successful partnerships included Sir John Soane's Museum and the British Library in London. Chester House in Leicester and Liverpool World Museums. We participated in annual conferences at the Historical Association and LitDrive lan English teachers association) and worked on an Independent Qualif ication with the Independentschools Examination Board I1SEBI- Classics for All is also represented on the Df E Latin Expert panel which oversees the Latin Excellence Programme and explores future policy. Our work with the Classical Association continues to grow: during the year we collaborated with them to promote and run shared CPD sessions forteachers and supportstate school entries for the Intermediate Certificate for Classical G reek I ICCGI. In 2023 work was completed on a jointly- developed Classical Studies Survey designed to gather detailed information about what is going on in schools, classics departments more widelythrough the U K across Key Stages 3-5, and to provide practising teachers with an opportunity to make recommendations for f uture developments in coursesfor classical subjects. The survey had 361 responses, a substantial bodyof workfrom which to draw conclusions. 71¥0 of the centres were from the state-maintained sertor and 29% f rom the independentsector. This demonstrated good engagement within the Classics teaching community and ensured that a much widerrange of teachervoices were being heard as part of this curriculum review. We will publish reports in 2024 based on this data. Last year saw the launch of The Chorus, our network for young classicists lage 1fr251, which gives student5 and enthusiasts across the UK the opportunity to engage with each other and wtth the mission of CfA. The Chorus is proving to be an important platform providing young people with a voice.. by the end of its f irst year The Chorus had grown to 150 members, organised two successful online events I'classics and Accessibility with the London Cla551ClSts of Colourf and 'Myth Mania with Jennifersaint'l, launched new social media pages and maintained a student blog 'The Rostra, featuring monthly articles written by members of the Chorus. This substantially contributed to promoting wider awareness of our work.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Financial review We were able to increase expenditure on charitable activities compared to 2022 and Still gener*e a net surplus of £39k. As a result, the charity continued to develop its regional profile and largely met its targets under challenging conditions, supporting 186 schools dirertly with grants in 2023 12022: 2371. Annual income of £763k wa5 21Yo higher than the £632k achieved in 2022, mainly benefitting from the holding of a Gala dinner generating in eXsS of £248k in ticket revenues1£32kl and donations lof which the auction brought in £88k and pledges for Fairer Access to Classics and University Outreach reached £27kl. Donations and legacies rose 5Yo to £630k in 202312022: £2k) and continued to provide the largest part of income, representing 82%12022.. 95%1 of all income. Ticket sales making up 19% of total income were largely due to the Gala dinner. Total fundraising event income was £131k in 2023 due largely to the Gala dinner (compared to £29k in 2022 when no Gala was held). Total expenditure rose 15% from £632k in 2022 to £724k in 2023. Expenditure on charitable activities increased to £545k12022.. £468kl largely owing to regional network expansion, increased training and programme development including new online resources. Increased fundraising costs were mainly related to the Gala dinner and staff cover. This produced an overall surplus of £39k12022: break even) which is viewed by trustees as satisfactory outcome. The overall result comprised a £52k increase on unrestricted and 3 £13k decrease in restricted funds held. As a result, total funds totalled £596k at the year end, of which £55lk were unrestricted and £45k restricted, the latter to be spent in 2024 in line with the funders, wishes. The balance of general funds at 31 December 2023 was compliant with the reserves policy.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Fundraising Fundraising trend 2019-2023 Year 2019 2020 2021 2022 2023 £ 456.362 £ 441.343 £ 495.805 £ 406.474 £ 442.441 £ 184,787 £ 201.344 £ 189.820 £ 183.280 £ 184,340 9.000 £ 12.000 £ 12.000 £ Trusts & foundations Corporate sponsorship Our main sources of income remained donations from individuals and trusts and foundations. Individual donations represented our strongest income stream with 868 donors accounting for £442k - 58Yo of total income, and the trend is clear that in the years we have a Gala dinner the individual donation level rises. Trust and foundation support has remained fairly stable year on year, and is this year proportionally 42% of total income. In December, we once again participated in The Big G ive Christmas Challenge- the U K's largest match funding campaign. After securing match funding of É12.5k f rom our Big Give Champion, The Reed Foundation, and £37.5k from individual supporters, we raised £54k during the campaign week128 November- 5 December 20231, generating 3 total of £lllk12022.. £124kl including £7k in G ift Aid. Of the 150 supporters who donated to our online campaign, 20 were new to Classics for All, contributing 2Yo of income. The opportunity to 'double your donation, remained attractive for existing Classics for All donors, who contributed 98Yo of income. Income f rom trusts and foundations increased with grant contributions of £184k in 2023 12022.. £183kl. 43Yo of this income came f rom multi-year grants from The A.G. Leventis Foundation, The Polonsky Foundation and The Rank Foundation. We welcomed a renewed three-yearcommitmentfrom The A. G. Leventis Foundation12023-20251. We were pleased to receive support f rom 6 new trusts and foundations. Developing and maintaining relationships with new and existing donors We seek to develop and maintain relationships with new and existing donors through strong stewardship, including regular updates, private and public event5 and our annual participation in The Big G ive Christmas Challenge. The Gala Dinner in 2023 at The Hurlingham Club enabled us to renew relationships with 157 existing donors and we welcomed 11 new supporters. In 2023, we ended the year with the support of 868 individual donors, thanks in part to a varied programme of hybrid and in-person events. Indeed, overthis year, Classics for All ran 6 events in total. These ranged from a stewardship event, Private View of Alexonder the Greut.. The Moking of a Myth, held in collaboration with the British Library to build on our engagementwith existing donors, to the annual TeochingAwords, in which we celebrated the achievements of schools arK teachers supported by the charity during the academic year. Other events included a lively reverse-balloon debate Overboordl sponsored by Linklaters, which saw attendan of both existing and new donors, and several schools and individual students joined us online. This was also the case for the MootTrial of Cicero at the U K Supreme Court lannual event forthe Lawyers Groupl, as students and supporters interested in Classics and law enjoyed this event alongside our Lawyers Group members. Overall, ourevents raised a total of £131k from tickets sales, event sponsorship and aurtion prizes at the Gala dinner. of these event donors, 38Yo were new to Classics for All.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 We increased our followers on social media by 51Yo on Linkedln, 30% on Instagram, IWO on Facebook and 3¥0 on X/Twitter. Our profile on Instagram increased following the launch of The Chorus, Classics for All's network for young classicists, which runs a popular student blog on the platform. We were particularly pleased to see our follower count grow on Linkedln, driven by regular posts and increased engagement with teachers, donors, and supporters in our networks as well as amplif ication from members of our Lawyers Group. Donor Recognition To encourage new donors to donate and existing donors to increase their level of giving, we continue to publicly recognise donors giving £l(K)+ in our annual Donor Recognition List, which acknowledge5 donors under classically themed categories reflerting the amount they have gwen. Our 2023 Donor Recognition List will be published on our webstte in early March. We will also acknowledge those in the category of Praetorian or above in the Spring edition of our Clossics Motters newsletter. We remain extremely gratef ul to all our donors, new and existing, for their tremendous support. Resenies policy Classics for All's reserves policy is to ensure that adequate general reserve f unds are available at the year end to meet a reasonable proportion of the following yearfs estimated operating costs, including programme support and administration. The trustees review the policy annually. In March 2024, the trustees decided to retain the minimum target for general reserve funds at approximately three months, budgeted annual expenditure. The £551k general reserve funds held at 31 December 2023 therefore comply with this policy. Prlnclpal rlsks and uncertalntles The trustees have reviewed the major risks to which the charity is exposed and have established appropriate systems to manage them as outlined below. Failing to secure sufflentfundlng to SUPPOrt schools In an uncertain f undraising climate, we are mitigating risk with a targeted f undraising to increase levels of support f rom trusts and foundations, direct debit donatn5 from individuals and legacy funding. Loss of senior monagement This is a particular vulnerabilityfor any sm311 organisation. We manage the risk by ensuringclose working relationships between the trustees and senior management whilst building and strengthening capabilities throughout the organisation. Adverse policy decisions (forexample, the import of an exarn board dropping a classical qualificotion on take-up in schools) We consult and work with the Department for Education and other classical bodies to influence curriculum and examination policy, and support teachers through training to address curriculum change.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Budget cuts in schools Budgets in schools are currently under considerable pressure. We manage this risk by offering schools training, resources and advice on 5UStaining classics on the curriculum to ease the financial burden. Future plans As the charity enters a new year, our key objectives for 2024 are: to introduce classics in l(X) new schools, 6(PA outside the Southeast of England to ensure that our regional networks are equipped to reach their targets of new schools and sustaining existing schools to ensure our regional structure is fit for purpose to support our sustainable development to strengthen regional support for Schools particularly in areas of high social deprivation in the North, Midlands and South West. to align our annual recognition awards to teachers with donors and sponsors who wish to support best examples of state school classics teaching in specif ic areas to continue to work with the Classical Association to inform examination reform and with other strategic partners to achieve our aims to continue to develop our new youth group The Chorus as a powerful platform for supporting young classicists and promoting wider awareness of our work. Public benefit The main activities undertaken to further the charity's purposes for the public benefit are 5UPPOrt and training for state-maintained schools to ensure that all pupils, whatever their backgrounds, have a chance to learn about the ancient world. In addition to our schools programme, we also further public benef tt through creating free resources for teachers, conducting research, staging public events and developing cultural partnerships. The trustees conf irm that they have referred to the Charity Commission'sgeneral guidan on Public Benefit when reviewing and shaping the charity's aims and objertives for the year and planning future activities. The charity works to ensure its programmes are inclusive, accessible, and responsive to the needs of its benef iciaries. In line with the charity's objectives, our policy is to fund work that will: widen access to learning about the culture and languages of the ancient world for pupils of all ages and abilities in state schools. refresh teachers, skills and subject knowledge and equip them to teach classics. encourage more young people to study classical subjerts to GCSE and beyond. reate an environment in which classi1 subjects are increasingly viewed a5 part of the normal curriculum for most schools. develop new approaches and resources to support teaching about the ancient world. raise awareness of the value of studying classics. work with policy makers and researchers to create a positive policy environment for classics in the future.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Classics for All does not replace statutory funding, nor offer long-term subsidy to schools. We offer initial training and support SO that schools, parents, and pupils recognise the benef its of learning about the ancient world and make classics part of the mainstream school curriculum. Decisions to award grants towards work which furthers the objects of the charity and falls within the grant making policy are taken by the trustees. Structure, governance, and management The governing document is the Memorandum and Articles of Association. The Board is supported by a Development Advisory G roup, an Events Committee, a Finance and Operations Committee and a Nominations Committee. Each has Terms of Reference agreed bythe Board, which receives reports of the meetings and considers their respertive recommendations. The Chief Executive officer has executnie management responsibility for the Charity's fundraising, operations, finance and administration, strategic oversight and development of the schools, programme, partnerships, monitoring, and evaluation. The Chief Executive Officer is nef(her a director of the company nor a trustee, and reports to the Board. Decisions on grants to Regional Classics Networks are made by the trustees. The Chief Executive Off icer has delegated authority for making smaller grants, which enables us to meet schools, needs f lexibly throughout the year. The trustees regularly review the grants budget to ensure there is adequate funding in place before making new grant commitments. 20 individuals volunteer theirtime to work with the small numberof paid staff in identifying and approaching potential new donors, maintaining relationships with existing donors, generating ideas and providing other support for new fundraising initiatives. Appointment of trustees The trustees, who are also direttors of the company, hold office for an initial term of three years and may be reappointed thereafter. They regularly review the composition of the Board to ensutp an appropriate balance of knowledge and experience. Trustee Inductlon and tralning New trustees receive a full induction in the aims of the charity and their responsibilities as trustees. Relationships with other organisation5 Our work complements that of other organisations with an interest in promoting classics, including the Association for Language Learning, the Association for Latin Teaching, The Iris Project, JACTlJointAssociation of Classics Teachersl, the Hellenic Society and the Roman Society . We also work in close partnership with the Classical Association, the Primary Latin Project, Hands Up, Advocating Classical Education, the Cambridge Schools Classics Project, The Latin Excellence 10
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Programme ILEPI, Vocabulous, Intermediate Certificate of Classical G reek IICCGI, Historical Association, teacher trainers and universities. Such collaboration ensures that we maximise impact, avoid duplication, influence policy and share good practice. In 2023, partnerships included Joint commissioned research with the Classical Association into subjert specifications for classical examinations at GCSE and A leve l and a programme of Continuing Professional Development for teachers. Remuneration policy for key management personnel We are committed to a remuneration policy which offers fair pay to attrart and retain appropriatelyqualified staff. The performance and remuneration of the Chief Executive Officer is reviewed annually by the trustees against a set of key performance targets. General Dats Protertion Regulation Trustees reviewed the policyon data protection in accordance with new legislation that came into effect in May 2018,. the charity continues to share its privacy policy with all donors and has recorded all permissions for method of contact.
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Statement of responsibilities of the trustees The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and UK Accounting Standards IUK GenerallyAccepted Accounting Practice). Company law requires the trustees to prepare f inancial statements foreach f inancial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, for that period. In preparing these f inancial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities Statement of Recommended Pratt ISORPI. make judgements and estimates that are reasonable and prudent. state whether applicable U K Accounting Standards and statements of recommended prartice have been followed, subjectto any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping properaccounting records that disclose with reasonab accuracy at anytime the financial position of the charttable company and enable them to ensure that the financial statements comply with the Companies Act 2(ffi. They are also responsible for safeguardingthe assets of the charitable company and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities. The trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of f inancial statements may differfrom legislation in otherjuri5dirtions. Member5 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 2023 was eight12022: eight). The trustees are members of the charity, but this entitles them only to voting rights; they have no beneficial interest in the charity. Statement as to disclosure to our independent examiner As far as the trustees are aware= There is no relevant financial or related information of which the companvs independent examiner is unaware,. and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant f inancial or related information and to establish that the independent examiner is aware of that information. 12
Classics for All BOARD OF TRUSTEES. REPORT Forthe yearended 31 December 2023 Independent Examiner Goldwins Limited were re-appointed as the independent examiners of the charity in lune 2023. Their unqualified report on the financial statements for the year ended 310ecember 2023 is included below. They will receive a fee for their work. This report was approved by the trustees and signed on their behalf by- Signed..................... Jimmy Mulville Chairman of Trustees Date.. 19 June 2024 13
Classics for All INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLASSICS FOR ALL Forthe yearended 31 December2023 INDEPENDENTEXAMINER'S REPORT I reporton the charity trustees on my examination of the accounts of the Companyforthe year ended 31 December2023. Responsibilities and basis of report As the charity's trustees of the Company land its directorsfor the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2CQ61'the Act'l. Having satisf led myself that the accounts of the Company are not required to be audited under Part 16 of the 2(X)6 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under sectio n 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ibl of the 2011 Act. Independentexaminerfs statement Since the Company'sgross income exeded £2,(X), I confirm that l am qualif led to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I conf irm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting recordswere not kept in respect of the Company as required by sectKJn 386 of the Art.. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2(X)6 Att otherthan any requirementthatthe 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 preparingtheir accounts in accordance with the Financial Reportng Standard applicable in the U K and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wf(h the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG Date: 9 August 2024 14
ClasSlC5 for All STATEMENT OF FINANCIAL A1VITIEs {incorporating an income and expenditure account) Forthe year ended 31 December 2023 2023 Total Unrestricted Restricted 2022 Total Notes Unrestricted Restricted Income from: Donations and legacies 476,877 153,174 630,051 450,339 151,415 601,754 Fundraising events 130,777 130,777 28,933 28,933 Investment income 2,178 2,178 1,286 1,286 Total income 609,832 153,174 763,006 480,558 151,415 631,973 Expenditure on: Raising funds 178,826 178,826 163,657 163,657 Charitable activities Grant Making Schools Outreach 249,401 129,714 91,222 74,948 340,623 204,662 153,006 109,541 123,902 81,849 276,908 191,390 Total charitable artivities 379,115 166,170 545,285 262,547 205,751 468,298 Total expenditure 557,941 166,170 724.111 426,204 205,751 631,955 Net income / {expenditure) for the year and net movement in funds 51,891 112,9961 38,895 54,354 154,3361 18 Reconciliation of funds: Total funds brought forward 499,088 58,160 557,248 444,734 112,496 557,230 Total funds carried fonyard 16 550,979 45,164 596,143 499,088 58,160 557,248 All of the above results are derived from continuing activitie5. There were no other recognised gain5 or1055e5 Other than those stated above. Movements in funds are disclosed in note 16 to the financial statements.
Classics for All BALANCE SHEET Company number 07182949 Forthe year ended 31 December 2023 2023 2022 Notes Current Assets Debtors Cash at bank li 38.188 598.612 636,800 38,478 535,976 574,454 Current Liabilities Creditors Grants payable in one year 12 37,010 3,647 40,657 11,462 5,744 17,206 13 Net Current Assets 596,143 557,248 Total Net Assets 596,143 557,248 Funds Unrestricted funds Restricted funds 16 550,979 45,164 499,088 58,160 Total funds 596.143 557,248 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 December 2023 the company was entitled 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 question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying 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 its behalf by- i Mli Signed: Signed: Matthew Lindsey-clark Honorary Treasurer Date: 19 June 2024 Jimmy Mulville Chairman of Trustees Date: 19 June 2024
Classics for All STATEMENT OF CASH FLOWS For the year ended 31 December 2023 Note 2023 2023 2022 2022 Net cash provided by I (used inl operating artivities 15 60,458 7,996 Cash flows from investing artivitie5: Interest from investments 2,178 1,286 Cash provided by I (used in) investing activities 2,178 1,286 Change in cash and cash equivalents in the year 62,636 9,282 Cash at bank and in hand at the beginning of the year 535,976 526,694 Cash at bank and in hand at the end of the year 598,612 535,976
Classics for All Notes to the financial statements Forthe year ended 31 December 2023 l Accounting policies al Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise The charitable company meets the definition of a public benefit entity under FRS 102. bl GoinE Concern The charity relies on fundraising through events, funding campaigns and direct grant applications; it encourages recurring donations from individuals and applies for multi-year funding from Trusts and Foundations to ensure ongoing donation income. It aims 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 modify its support to schools in line with any fundraising constraints that may arise. cl Donations and legacies Donations and legacies are included in the statement of financial activities when received, unless they are for activities 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 certain. d) Investment income Interest income is credited when received. el Restricted funds Restricted funds are to be used for purposes specified by the donor. fl Unrestricted Funds Unrestricted funds are donations and other incoming resources received or generated for the charity's general charitable purposes. El Expenditure Resources expended are recognised in the period in which they are incurred. Resources expended include VAT which cannot be recovered. hl Grant accounting policy The full value of new grants awarded by the Trustees durinE the year is recognised as expenditure Iresources expendedl 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 various activities.
Classics for All Notes to the financial statements Forthe year ended 31 December 2023 2 Summary income 3nd expenditure disclosing net grants awarded 2023 Total 2022 Total Income Donations and legacies 630,051 601,754 Fundraising events 130,777 28,933 Investment income 2,178 1,286 Total incorne 763,006 631,973 Expenditure Expenditure excluding grants awarded Surplus / Ideficitl before grants awarded 489,961 404,897 273,1)45 227,076 less.. Newgrants awarded Adjustments to grants awarded in prior years Surplus / Ideficitl for the year 234.944 {794) 229,262 12,2041 38,895 18
Classics for All Notes to the financial statements Forthe year ended 31 December 2023 3 Donatlons and legacles received by the charity were as follows.. 2023 Total 2022 Total Unrestricted Restricted Individual donations and legacies Trust and Foundations Corporate Sponsorship 393,077 81,000 2,800 476,877 49.834 103,340 442.911 184,340 2,800 630,051 406,474 183,280 12,000 601,754 153,174 Donations from Trusts & Foundations Basil Samuel Charitable Trust East of England Network Anonymous Gala Pledge Goldman Sachs Gives UK John Coate5 Charitable Trust H L Jenkyns Charitable Trust Allen & Overy Foundation The Rirnmer Memorial Charitable Trust The Virgine Keuleyan Charitable Trust Suffolk Community Foundation The A. G. Leventis Foundation The CPF Trust The Foundation for Platonic Studies The Garfield Weston Foundation The Gatsby Charitable Foundation The Baring Foundation The Headley Trust julia and Han5 Rausing The Michael Marks Charitable Trust The Polonsky Foundation The Rank Foundation The Rushworth Foundation Donations under £l,O(10 each Total Trusts & Foundations 10,000 10.000 7,500 I,Cx)O 8,(X)O 7,(X)O 10,000 3,(x)O 10,000 10,000 10,000 10,000 5,000 5.000 5,000 s.0 s.0 3,C)00 60,000 1,000 840 5,000 5,000 5,000 3,000 60,000 50,(X)O 1,000 1,000 30,000 5,000 I,(K)O 840 15,000 15,000 15,000 15.000 2,000 20,(KJO 2,180 16,(X)O 3,500 14,(x)O 2,100 183,280 15,000 15,000 2,tx)o 17,500 5,000 2,110 17,500 5.(M)O 81,000 103,340 184.340 4 Other trading activities: ficket sales, gala dinner auction, sponsorships and other income generated from fundraising events throughout the year. 5 Investment income is bank interest. 20
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C13SSIC5 for All Notes to the financial statements Forthe year ended 31 December 2023 6 Analysis of expenditure (continued) dl Grants awarded comprise £234,944 of funds newly committed to school support in 2023. 'Restricted' and 'Unrestricted' refers to CfA's source of funding, not the conditions of support to the schools. 2023 Total 2022 Total Unrestricted Restricted Blackpool 6th Form College Classical Association of Manchester JACT Summer Schools Trust- ICCG Liverpool College Liverpool College- Greek Academv Student Bursaries The Classical Association of Scotland Schools, Network ICASNI University of Birmingham Universlty of Bristol Universlty of Ourham Univer51ty of Leicester University of Liverpool - Greek Academy University of Oxford University of Swansea University of Warwick 10 awards of £1,000 to £3,00012022-71 58 Awards of under £l,00012022'.901 156 Awards of TraininE12022:1951 Adjustment to grants current year 6,150 6,300 3,440 20,906 3,750 32,000 10,136 9,944 15,000 3,750 8,000 10,136 9,944 17,025 3,750 8,000 2,025 16,500 16,500 8,945 15,484 9,936 28,349 8.420 ii,ocrf) 13,397 8.OCrf) 9,309 19,469 37,280 18,550 8,945 15,484 9,936 8,582 14,473 19,767 8,420 25,349 8,120 11,000 13,397 8,000 7,349 17,769 33,680 10,000 8,000 10,400 28,184 33.640 1,960 1,700 3,600 143,722 17941 142,928 91,222 234,944 (794) 234,150 229,262 12,2041 227,058 Adjustment to Brants prior years Net grants awarded 91,222 el Cost of Charitable Activities: Schools Outreach includes the costs of staff, allocated in proportion to staff time, and other direct costs incurred to carry out our schools programme development, resource development, monitoring and evaluation. Governance costs comprise administration and expenses related to board and committee meetings. They have been allocated to activities in proportion to Staff time engaged in those activities. gl Support costs comprise expenses related to more than one activity, including recruitment, marketing, publicity and web design, IT, office costs and other overheads. They have been allocated to activities in proportion to Staff time engaged in those activities. 22
C13SSIC5 for All Notes to the financial statements Forthe year ended 31 December 2023 7 Net income l {expenditurel for the year 2023 2022 This is stated after charging.. Independent examiner's remuneration (excluding VATI 1,467 1,333 8 Staff cost5 and the cost of key management personnel 2023 2,022 Salaries and wages Social security and pension costs Compensation payment for10s5 of employment 191,562 23,735 20,788 236,085 190,157 24,645 214,802 Six full-time, one 0.96 fte and two 0.6 fte staff members were employed in the year to 31 December 2023 12022= three full-time, one 0.96 fte, two 0.6 ftel.. Administrator, Grants Administrator, Fundraising Officer, Grants and Network Co-ordinator, Head of Programmes, Head of Fundraising and Chief Executive. One employee received employee benefits lexcluding employer pension) in the salary band £60,001-£70,000 during the year.12022.'1l The total employee benefits including pension contribution5 and employer's national insurance of the key management personnel (Chief Executive Officer, Head of Fundraising and Head of Programmesl were £128,99412022'. £94,171). 9 Trustees, remuneration and expenses The trustees receive no remuneration or any other benefit from their work with the charity. No expenses were paid to Trustees as reimbursement of travel expenses to meetings12022.. £01. 10 Related Parties There were no donations from related parties which were outside the normal course of business of the Charity. Trustees donated £94,84512022= £77,387). 11 Debtors 2023 2022 Income tax recoverable on gift aid donations Prepayments Other debtors 23,259 2,629 12,300 38,188 27,931 7,047 3,500 38,478 23
C13SSIC5 for All Notes to the financial statements Forthe year ended 31 December 2023 12 Creditors 2023 2022 Trade creditors 19,722 2,921 14,367 3,647 40,657 3,887 5,935 1,640 5,744 17,206 Tax and Social Security costs Accruals Grants payable 13 Grants payable 2023 2022 Brought forward Awarded in year Paid in year 5,744 11,671 234,150 227,058 {236,247) 1232,9851 3,647 5,744 14 Analysis of net assets between funds al Current year Unrestricted funds Restricted funds Total funds Net turrent assets Net assets at 31 December 2023 550,979 550,979 45,164 45,164 596,143 596.143 bl Prior year Unrestricted funds Restricted funds Total funds Net current assets Net assets at 31 December 2022 499.088 499,088 58.160 58,160 577.248 577.248 IS Reconciliation of net intome / (expenditure) to net cash flow from operating activities 2023 2022 Net Income l {expendlturel for the reportlng period (as per the staternent of financial activities) Interest. rent and dividends from investments Ilncreasel / decrease in debtors IDecreasel l increase in creditors Net cash provlded by / {used In) operatlng actlvltles 38,895 18 12,178) 290 23,451 60,458 11,2861 20,967 111,7031 7,996 24
Cla55ics for All Notes to the financial statements For the year ended 31 December 2023 16 Movement In Funds al Current year At start of Incoming resources Outgoing resources At end of year year Restricted funds Allen & Overy Gala Dinner Pledges 2021 Gala Dinner Pledges 2023 - Fairer Access to classics Gala Dinner Pledges 2023 - University Access Individual donation Iregional network) Individual donation Iregional programmel The Virgine Keuleyan Charitable Trust The Polonsky Foundation Regional Network Appeal The A. G. Leventis Foundation The Foundation for Platonic Studies The Rank Foundation The Rimmer Memorial Charitable Trust The RLJshworth Foundation Suffolk Community Foundation 5,000 3,750 8,500 19,904 7,760 10,000 12,170 5,000 11,250 8,945 47,551 840 17,500 5,000 5,000 3,000 166,170 1,250 250 8,750 19,904 7,760 10,000 12,170 5,000 2,000 13,000 8,945 27,465 3,750 60,000 840 17,500 5,000 5,000 3,000 153,174 39,914 58,160 45,164 Unrestricted funds General funds Total Unrestricted Funds 499,088 499,088 609,832 609,832 557,941 557,941 550,979 550,979 Total funds 557 248 763 006 724 111 596 143 16 Movement In Funds Icontlnued) bl Prlor year At start of Incoming resources Outgoing resources At end of year year Restricted funds East of England Network Gala Dinner Pledges Individual Donations The Foundation for Platonic Studies The Rushworth Foundation The A. G. Leventls Foundation The John Coates Foundation The Polonsky Foundation The Rank Foundation 1,000 23,600 39,315 1,000 14,000 50,000 3,000 16,000 3,500 151,415 1,000 47,250 35,020 1,000 14,000 51,688 3,000 34,657 18,136 205,751 32,400 4,650 8,750 8,945 29,153 27,465 31,657 14,636 112,496 13,000 25
Cla55ics for All Notes to the financial statements For the year ended 31 December 2023 16 Movement in Funds (continued) bl Prior year At start of Incoming resources Outgoing resources At end of vear year Unrestricted funds General funds Total Unrestricted Funds 444,734 444,734 480,558 480,558 426,204 426,204 499,088 499,088 Total funds 557,230 631,973 631,955 557,248 16 Movement in Funds (continued) cl Purpose of restricted fund5 Allen & Overy Towards work in London schools. Gala Dinner Pledges 2021 Donor pledge5 for bursaries, awarded to pupils entering university in 2023. Gala Dinner Pledges 2023 - Fairer Access to classic5 Funds towards creating more access to classics for young people outside London and the Southe35t. Gala Dinner Pledges 2023 - University Access Funds towards activity to raise the aspirations of pupils from state schools in the North and to encourage more admissions to university to study classics. Individual donation Iregional network) Funds to support the University of Leicester Network. Individual Donation Iregional programmel Funds to support the Liverpool Greek Academy. The Virgine Keuleyan Charitable Trust A grant to support the Liverpool College Classics Network. The Polonsky Foundation A grant to support the role of Head of Programmes. Regional Network Appeal Funds donated towards various regional networks. The A. G. Leventis Foundation 12023-251 The first of a three-year grant to further 5UPPOrt the expansion of Ancient Greek in state schools and cover the costs towards a grants and training manager, teacher training 3nd promoting Ancient Greek. The Foundation for Platonic Studies A grant to support two bursaries for teachers to attend the IACT Greek summer school. 26
Cla55ics for All Notes to the financial statements For the year ended 31 December 2023 16 Movement in Funds (continued) cl Purpose of restricted funds The Rank Foundation 12020-221 The third of a three-year grant to contribute to the salary of a Network Co-ordinator to help reach under-served areas. The Rimmer Memorial Charitable Trust A grant to support the Liverpool College Classics Network. The Rushworth Foundation A grant to support the Liverpool College Classics Network. Suffolk Community Foundation A grant to support the East of England Network. 27