2022-08-31-accounts

			Page
Company Information
Report ofthe Trustees
Report ofthe Independent		Auditors
Statement of Financial	Activities		20
Balance Sheet			21
Cash Flow Statement			22
Notes to the Cash Flow Statement			23
Notes to the Finandal	Statements		24

Trustees					Mr Adam De)i Davies
					Ms Amy Finch
					Dame Christine Gilbert,		Chair
					Ms Lindsey McMurray,		Treasurer
					Ms Sally Nelson (resigned			1 July 2022)
					Ms Heather Richards
					Mr Michael Ter-Berg
Company	registered			number	07166643
Charity registered			number		1135638and SC043973
Registered		office			86-90 Paul Street
					London
					EC2A 4NE
Company	secretary				Ms Lee Mauve Patrontasch
					Ms Underwood (resigned			18August 2022)
Chair					Ms Christine Gilbert
Independent		auditors			Griffin Stone Moscrop	&Co
					21-27 Lamb's Conduit	Street
					London
					WC1N 3GS
Bankers					The Co-operative Bank		pic
					PO Box250
					Skelmersdale
					WN8 6WT
					United Trust Bank
					One Ropemaker Street
					London
					EC2Y 9AW
					Virgin Money
					Jubilee House
					Gosforth, Newcastle	upon		Tyne
					NE3 4PL

Statement of Financial Activities for	Statement of Financial Activities for	Statement of Financial Activities for	the
Year Ended 31 Au ust 202
									31.8.22	31.8.21
				Unrestricted		Restricted			Total	Total
					funds	funds			funds	funds
					E	E			E	E
			Notes
INCOMING RESOURCES
Incoming resources from	generated
funds
Donation and legacies			5		135,097	678,768			813,865	401,603
Investment income			6		1,915		-		1,915	2,937
Incoming resources from	charitable
activities
Careers support for schools					569,457	5,250			574 707	511566
Total incoming resources					706,469	684,018		1,390,487		916,106
RESOURCES EXPENDED
Costs of generating funds
Fundralslng trading: cost ofgoods sold
and other costs			7		77,589				77,589	78,719
Charitable activities
Careers support for schools			8		627,397	784,492		1,411,889		886,815
Governance costs			10		7,825		-		7,825	4,500
Total resources expended					712,811	784,492		1,497,303		970,034
NET INCOMING/(OUTGOING)
RESOURCES BEFORE TRANSFERS					(6,342)	(100,474)			(106,816)	(53,928)
G t N 6 t	I	6	19	~7775595		117559
Net Incoming/(outgoing)	resources				(123,901)	17,085			(106,816)	(53,928)
RECONCILIATION OF FUNDS
Total funds brought forward					445,326	6,930			452,256	506,184
TOTAL FUNOE OARRIEO	FORWARO				321425	24 015			345 440	452,256
CONTINUING OPERATIONS
All incoming resources and	resources expended				arise from	continuing	activities.
The statement offinancial activities includes				all	gains and losses recognised				in the year.

B lance Sheet for the Year Ended 31 A u t2022
				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f	f		f
	Notes
FIXEDASSETS
Intangible assets	14	277,757		277,757	45,287
Tangible assets	15	3408		3408	1 875
		281,165		281,165	47,162
CURRENTASSETS
Debtors	16	81,559		81,559	126,459
Investments	17	212,100		212,100	210,231
Cash In hand		44,304	135,115	179,419	899324
		337,963	135,115	473,078	936,014
CREDITORS
Amounts falling due within one year	18	(285,226)	(111,100)	(396,326)	(530,920)
NET CURRENT ASSETS		52 737	24 015	76752	405 094
TOTAL ASSETS LESSCURRENT
LIABILITIES		333,902	24,015	357,917	452,256
Amounts falling due after more than	one	(12,478)		(12,478)
year
TOTAL NET ASSETS		321 425	24,015	345440	452 256
FUNDS	19
Unrestricted funds				321,425	445,326
Restricted funds				24 015	6930
TOTAL FUNDS				345440	452 256

Cash Flow Statement	for the
Year Ended 31 Au u	t 2022
			31.8.22	31.8.21
		Notes		E
Net cash inflow from	operating
activities			(143,885)	277,354
Cash flow from Investing activities		2	(276,020)	(6,940)
Cash flow from financing activities		3
Increase/(decrease) In cash In the
period			~419905	~270 414
Reconciliation of net	cash flow to
movement in net debt
Increase/(decrease) in	cash in the period		(419,905)	270,414
Cash outflow from increase in liquid resources			~1869	~2937
Movement in cash In	the period		418,036	273,351
Net debt at 1 September			~809555	~536 204
Net debt at 31August			~391519	~809 555

RECONCILIATION OF NET	(OUTGOING)(INCOMING	(OUTGOING)(INCOMING	(OUTGOING)(INCOMING	(OUTGOING)(INCOMING	RESOURCES TO	RESOURCES TO	RESOURCES TO	NET	CASH
INFLOW FROM OPERATING ACTIVITIES
							31.8.22 f	31.8.21 f
Net (outgoing))incoming resources						(106,816)		(53,928)
Depreciation charges							1,948		3,158
Am g Loss on disposalof fixed assets ortisation char es							40,068		58,037 240
Interest received							(1,869)		(2,937)
Decrease/(increase) in debtors							44,900)	(45,851)
Increase/(decrease) In creditors						~122 117)		318,635
Net cash Inflow from operating	activities					~143,885)		~277 354
ANALYSIS OF CASH FLOWS		FOR	HEADINGS		NETTED	IN	THE CASH		FLOW
STATEMENT
							31.8.22	31.8.21
							f		f
Returns on Investments and servicing offinance
Interest received							1,915		2,937
Increase/decrease ofother investments							(1,915)		~2937)
Net cash Inflow for returns on	Investments			and servicing
offinance
Capital expenditure and financial		Investment
Purchase of intangible fixed assets Purchase oftangible fixed assets						(272,538) ~3482)		(6,930) ~10)
Net cash oufflow for capital expenditure			and financial
investment						(2~76 020)			~6,940)
ANALYSIS OF CHANGES IN NET		FUNDS
				At1.9.21		Cash flow f		At	31.8.22 f
Net cash
Cash in hand					599,324		(419,905)	179,419
Liquid resources
Current asset investments					210,231		1,869	212,100
Total					809,555		~273 351	~391 519

5.	DONATIONS	AND LEGACIES	AND LEGACIES
				Unrestricted	Restricted	Total funds
				funds	funds	2022
				f	f	f
	Donations			25,367		25,367
	Grants			78,775	466,941	545,716
	Government	Grant Income		(420)		(420)
	Income from	funders		31 375	211827	243 202
				Unrestricted	Restricted	Total funds
				funds	funds	2021
				f		f
	Donations			42,629		42,629
	Grants			46,189	74,000	120,189
	Government	Grant Income		1,413		1,413
	Income from	funders		14000	223 372	237372
6.	INVESTMENT		INCOME
					31.8.22	31.8.21
						f
	Bank interest	receivable			~1915	2,937
7.	FUNDRAISING		TRADING: COST OF GOODS SOLD AND OTHER		COSTS
					31.8.22	31.8.21
					f	f.
	Fundraising	costs			77,589	78,719

CHARITABLE ACTIVITIES COST	S
	Unrestricted	Restricted	Total funds
	funds	funds	2022
	6	E
Direct costs	293,677	620,773	914,450
Support costs	333720	163719	497439
	627,397	784 492	1,411,889
	Unrestricted	Restricted	Total funds
	funds	funds	2021
	E	6	f
Direct costs	295,356	185,898	481,249
Support costs	223 654	181912	405 566
	519011	367805	886.815

Support costs	:
			Careers
			support
			for schools	2022	2021
			8	6	6
Staff costs			34,002	34,002	72,588
Technology Costs			61,466	61,466	23,951
Programme Costs					22,550
Premises			16,554	16,554	765
Communications		and IT	33,488	33,488	36,391
General office			8,345	8,345	6,804
Legal, professional		8 insurance	30,590	30,590	25,480
Miscellaneous	costs				264
Amortlsation &	depreciation		42,017	42,017	61,195
Wages &salaries			241,398	241,398	139,043
Social security	costs		25,279	25,279	14,822
Pension costs			4,300	4300	1 713
			497 43	497,439	405 566

				Careers
				support
				for schools f	2022 f	2021
	Technology costs			29,587	29,587	7,979
	Programme costs			522,692	522,692	40,370
	Travel, hotels &subsistence			22,052	22,052	5,117
	Data entry and delivery					49
	Staff costs			3,214	3,214
	Wages &salaries			302,459	302,459	382,671
	Social security costs			27,792	27,792	36,347
	Pension costs			6,654	6,654	8,717
				914450	914,450	451 249
10.	GOVERNANCE COSTS
					31.8.22	31.8.21
					f	f.
	Other reporting & publishing	costs			2,825	2,825
	Auditors' remuneration				5,000	~4500
11.	NET INCOMING/(OUTGOING)		RESOURCES
	Net resources are stated after charging/(crediting):
					31.8.22	31.8.21
					f	f
	Auditors' remuneration				5,000	4,500
	Depreciation —owned assets				1,948	3,158
	Development costs amortisatlon
	Computer software amortisation				40,068	58,037
	Other pension costs				~12 065	~11 078

STAFF CO	STS
						31.8.22	31.8.21
						f	F
Wages and	salaries					610,353	562,611
Social security costs						60,652	51,874
Other pension costs						12,065	11,078
Redundancy							3,808
						683,070	~629 371
The average	monthly	number ofemployees		during the year was as follows:
						31.8.22	31.8.21
						17	18
The number	ofemployees		whose emoluments		fell within the following	bands was:
						31.8.22	31.8.21
F70,000 - F79,999							1
F80,000 - f89,999

		Intellectual	Online
		property	portal F	Total f
COST
At 1 September 2021		186,783	278,980	465,763
Additions			272,538	272,538
At 31 August	2022	186,783	551,518	738,301
AMORTISATION
At 1 September 2021		186,783	233,693	420,476
Amortisation	for year		40,068	40,068
At 31 August	2022	186783	273761	466 544
NET BOOK	VALUE
At 31 August	2021		45,287	45,287
At 31 August	2022		277 757	277,757

15.	TANGIBLE F	IXEDASS	ETS
					Office
					equipment f
	COST
	At 1 September 2021 Additions				16,757 3,482
	Disposals				~3476)
	At 31 August	2022			16,763
	DEPRECIATION
	At 1 September 2021 Charge for year Eliminated on disposal				14,882 1,947 ~3476)
	At 31August	2022			~13355
	NET BOOK VALUE
	At 31 August	2021			1,875
	At 31August	2022			~3408
16.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				31.8.22	31.8.21
				F	f
	Trade debtors			48,439	113,826
	Other debtors			17,731	833
	Prepayments	and accrued income		15,389	~11800
				~81 559	~126459
17.	CURRENT ASSET INVESTMENTS
				31.8.22	31.8.21
				f	f
	Notice deposits &3 months			~212 100	~210 231

CREDIT	ORS: AMO	UN	TS FALLING DUE WITHIN ON	E YEAR
				31.8.22	31.8.21
					f
Trade creditors				4,992	63,240
Taxation	and social security			21,010	44,820
Other creditors				77,917	18,928
Accruals	and deferred		income	292,407	~403 932
				396,326	~530920
Deferred	income at 1 September				398,742
Resources deferred		during the year			221,779
Amounts	released	from previous years			f373,527)
At 31 August 2022					~246 994

CREDIT	ORS	: AMOUN	TS FALLING AFTER MOR	E THAN ONE YEAR
				31.8.22	31.8.21
				nc	6
Accruals	and	deferred	income	~12477

					Net	Transfers
					movement	between
				At 1.9.21	in funds	funds	At 31.8.22
				8		nA
Unrestricted funds
General fund				445,326	(6,342)	(117,559)	321,425
Restricted funds
Bailey Thomas SEND					(3,310)	3,310
Cambridgeshire Community			Foundation		(83)	83
The Commercial Education			Trust		(4,624)	4,624
The Dulverton Trust					7,089		7,089
The Esmee Fairbalm	Foundation				(35,644)	35,644
The Institute of Physics					(55,868)	72,794	16,926
Suffolk Community Foundation					(133)	133
John Lyon's Charity					(417)	417
Waterloo Foundation					(260)	260
The Fidelity Foundation		-the Future
First Hub				6,930	(7,224)	294
				6,930	(100,474)	117,559	24,015
TOTAL FUNDS				~452 256	~106816)	-	~345440

Net movement In funds		incl	uded in the above are a	s follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				F		E
Unrestricted funds
General fund				706,469	(712,811)	(6,342)
Restricted funds
Bailey Thomas SEND				10,000	(13,310)	(3,310)
Cambrldgeshire Community			Foundation	3,250	(3,333)	(83)
The Commercial Education			Trust	19,543	(24,167)	(4,624)
The Dulverton Trust				24,380	(17,291)	7,089
The Esmee Fairbaim	Foundation			51,134	(86,778)	(35,644)
The Institute of Physics				556,711	(612,579)	(55,868)
Suffolk Community Foundation				1,000	(1,133)	(133)
John Lyon's Charity				3,000	(3,417)	(417)
Waterloo Foundation				15,000	(15,260)	(260)
The Fidelity Foundation		-the Future First Hub			(7,224)	(7,224)
				684,018	(784,492)	(100,474)
TOTAL FUNDS				1 390487	~1497303)	~106816)

20. MOVEMENT IN FUNDS —continued	20. MOVEMENT IN FUNDS —continued	20. MOVEMENT IN FUNDS —continued
Comparatlves for movement In		funds
				Net	Transfers
				movement	between
			At 1.9.20	in funds	funds	At 31.8.21
			F	E		E
Unrestricted funds
General fund			506,184	(54,712)	(6,146)	445,326
Restricted funds
The Commercial Education Trust-
Commerce in the Classroom				(1,305)	1,305
John Lyon's Charity	- piloting	alumni
networks in spedal	schools			(216)	216
KPMG Foundation	- piloting	alumni
networks in primary	schools			(4,540)	4,540
SHINE Trust - Bridging the Gap project				(84)	84
The Fidelity Foundation -the First Hub		Future		~6930		6,930
				(16,064)	6,146	6,930
TOTAL FUNDS

Comparative net mov	emen	t	in f	un	ds, Includ	e	d in the	above are as	follows:
								Incoming	Resources	Movement
								resources f	expended	In funds f
Unrestricted funds
General I'und								547,517	(602,229)		(54,)
Restricted funds
Careers and Enterprise	Company			—Opportunity
Areas Extension 2019								41,696	(41,696)
Careers 8 Enterprise Fund		2018		Part A				29,333	(29,333)
The Commercial Education		Trust		- Commerce			in the	24,075	(25,380)	(1,305)
Classroom
John Lyon's Charity - piloting			alumni		networks		In	12,700	(12,916)	(216)
special schools
KPMG Foundation - piloting			alumni		networks		in	74,000	(78,540)	(4,540)
primary schools
SHINE Trust- Bridging	the	Gap project						16,450	(16,534)		(84)
The Esmee Fairbairn Foundation				-	Inspiring	Inclusion		16,866	(16,866)
project
Cambridgeshire Community			Foundation					188	(188)
The Fidelity Foundation	-the		Future		First Hub			153,281	(146,351)	6,930
								368,589	(367,805)		784
TOTAL FUNDS								916106	~920,034)	~63	926)

ANALYS	IS OF NE	T ASSETS B	ETWEEN FUNDS
			Unrestricted	Restricted	Total funds	Total funds
			funds	funds	2022	2021
			E	E	E	E
Intangible	assets		277,757		277,757	45,287
Tangible	fixed assets		3,408		3,408	1,875
Current assets			337,963	135,115	473,078	936,014
Creditors	less than	1 year	(285,226)	(111,100)	(396,326)	(530,920)
Creditors	less than	1 year	~12477)		~12477)	(530,920)
NET ASSETS			~321 425	24 015	~345440	~452 256

					2022	2021
						E
Financial	assets measured	at fair value through		income and
expenditure Financial assets measured		at amortised	cost		391,519 48,619	809,555 116,969
					~440 138	~926 524
Financial	liabilities measured	at amortlsed	cost		124,824	68,431