##
||||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||||
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|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||
##
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##
|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)|
##
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##
|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|
##