2021-08-31-accounts

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 Company registration nurnber.. 7821030 Charity number. 1144595 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) MENZIES BRIGHTER THINKING

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) CONTENTS Page Referènce and administrative details of the Company> its Trustees and advisers Trustees. report Independent examlner's report Statement of financlal actlvities 2-17 18-19 20 Balance she¢t 21-22 Notes to the financial statements 23-37

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees Kay Chapman Alison Bame Ivarna Mahendra, Chair Rod Cunningham Finia Kuhlrnann Georgina Pattisson Brusik P8uI Stockley Jeannie Cohen Jack Langley, Treasurer Company registered number 7821030 Charity re9lstered numbèr 1144595 Registered offjce Centrum House 36 Station Road Egham Surrey TW20 9LF Chlef executlve offi¢Èr Amelia Fosler Ito 3010912021) Independent Examlner Menzies LLP Chartered Accountants Centium House 36 Station Road Egham Surrey TW20 gLF Bankers The Co-operatwe Bank The Cloth Market Newcastle upon Tyne NE1 1EE Page 1

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The trustees are pleased to present their annual Iruslees, report together with the finanrial statements ol the charity for Ihe year ending 31 August 2021 whith are also p￿pared to Meet th8 requirements for a directors, ￿pOrt and accounts for Companles Act purposes. The finanual statements comply with the Charities Act 2011, the Cctnpanies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Staternent of Recommended Pi8Ctice applicable lo charities p￿paring their accounts in accordance the Finanual Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021 (second edition. effective 1 January 20191. 08JECTIVES AND AGTIVITIES SAPERE sets out its object as follows.. 'Th8 obj8Ct of lh8 sociely 1$ the a￿v￿CeMen1 ofeducati¢￿ for the public benefit, In partieulèramorwsl those young persons up to th8 ag8 of 16 years, by tlre profflolion of Ihe developmenl ol their skills in logical thIn￿ng and other philosophical techniques 80 that theirpefft)nal soGi8llwes are enriched., Our mission is to advance the educationaj, social and personal development of chIld￿n and young people, particularfy those fadng disadvantage, Ihrough the practice of philosophic21 enquiry and reflection. We train teache[5 in aft approach called Phli osophy for Children IP4CI, which encourag8s crilical, creative. collaboratT¥e and caring thinking. We 8chieve this by.. trainin9 teather5 in P4 supporting Schools and olher organisations to embed P4C in their practice. ¢urri¢ulum and ethos. ensuring that high quality and progressive philosophical engagement can be sustsined co-ordinating. developing and quality assuring a national netyvork of SAPERE-registered trainers ollaboraling with partners to extend the reach and influence ol P4C f￿Ill￿tIng ￿searCh into and developing P4C We work to overctsme issue5 of education￿ disadvantage and to educate towards the outcome of ￿8$Onable and refledive iridividuals and institutions. In the long term, we aim to bring the bènefit5 of P4C to as many people as possible and to Inform and influence edUCati￿al practice and policy. We revlew our aims. objectives and a¢tNities each year. This review IDoks at what we have achieved and the outcomes ol ourwork in the prevrous 12 rnonlhs, at the success of each key activity and at the benefits brought to those we are set up to help. The review also helps us ensure our aim8. objectives and activities remained focused on our 51atth purposes. The trustees are familiar with the Charity Cornmission's guidance on publi¢ benefit and have taken il into acrA)unl when rnaking any decision to which the guidance is relevant. We have ￿gard to it when reviewing our airn$ and objectives xnd in planning our future activibes and. in particular. the tru5tee5 consider ht)w planned activities wll contribute to Ihe aims and objectNes they have set. Reflectior The ongoing coronavirus pandem￿ has eontinued to have a negative impact on SAPERE, M the school system$ in wlich we operate, and on the wider charitable sector. As noted last year, the pandemic caused us to iestructure every aspect ol our work, and we contsnue to grapple wilh and plan for change and uncertainty. However, we are pleased lo report that we managed to extend our training offer during the year and that th8 quality of our training has been widely praised. Importantly. teacher feedback from a P4C survey we carried out in April 20213howed that a majority of pupils in those P4C schools engaged a great deal in online P4C activities during lod(downs, and all respondents staled that they would use P4C practice a great deal when wpds returned to school. We know that P4C is playing a slgnlficanl role in helping children to rnake sense of their experiences as well as to re-socialise and regain their voices. Page 2

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 °It opened up a space for pupi75 b diswss how they are leellng about ￿lum￿rtg to $ch¢x)18nd lo t8lk about Ihe time they experier￿d èw8y school... for us lo talk about any misconceptions which mighl have been woryin9 the p(pils aboul their health in gen8r81. My group ended up discussing th8 questton 'Should leaders make decisions on facts or feelFngg?' 8nd w8 had 8 big discussion about the impact of the news." Nicole Saunders, SAPERE trainer and P4C lead al Manorfield Primary in East London We were able to launch an orline version of our P4C AdVan￿d Course Level 2A as well as a series of onfine workshops lor tead)ers. We eontinued to deliver the online version of our Level 1 Foundation eourse launched in April 2020. During this penod, as one of the partners in the Welsh Govemmenfs Hate Crime in Schools project, we also prepared a specialty- adapted Level 1 online ￿urse for our P4C training to schots15 in Wa18s, as it became clear that I￿person training would Mt be feasible. Expat)ding our online provision has a150 albw8d us to continue to open up SAPERE s tralning to defegates who migh¢ not previously have been able to attend in-person training. Small $¢hools in remote rural areas, mindful of travel and supply costs, can struggle to acces5 in-person training in city ￿ntre$, while international delegates are not always able to come to the UK to train with SAPERE. Furthermore, delegates and trainer5 alike have remarked on the possibilities opened up by being able to bring educator$ together from diverse Settings, regions and countries in online communities of enquiry. We are delighted to have succeeded in fulfiThing a long-held aim of leading a secondary school project by recruiting six schools for our Ihree-year Templeton World Charity Foundation-funded project titled ThIn￿"rig together in Science 8nd RE. This is alieacty giving us good insights and eXper￿nCe of leading a project ac105s secondary schools. Some Schools were able to subrnit their awaril applicatv)n5 and we were thrilled to be able to aW3rd seven new Gold Award5, taking our total number of schools at the highest award lev81 to 25. The Education Endowment Foundation IEEFI Eflectiveness Trial, published in February 2021, found strong p0511ive resulis in key P4C areas such as respect for others, opinions. ability to express vw4s cleady, self-confidence. Both teachers and students In schools implemenling P4C found il enjoyable and engaging, and teachers fell strongly Ihat P4C had a positive irnpact on their students, social. thinking aThJ COMMU￿cation skills. The chan9ing nature of the environment we op8rate in, cornbined with the impact on our income of low ta￿￿P of training and support due to the challenges ol tha pandemtc on schools. has meant that much of the focus of trustees and senior management this year ha5 been on trying lo secure a sustainable future for the charity. A group of trustees participated in fundraising training with an external consultant and have worked to revise our fuNdrai5ing stiategy. W8 also undertook a rnajor restrudure of our staff team. which is now much smaller. We continued to make savings wherever possible, induding completing the work to become a fully virtual organi5ation whith had begun in the previous year and accessing th& lurlough scheme for stsff where appropriate. We were heartenèd to See, tOW8rds the end of this reporting year and the beginning of the next, that rn¢Ne schools were beginning to take small Steps towards rtrengaging with P4C and bwth training and CPD, induding Ir￿ersOn tralnlng. Despite these positives. the caPa￿tY of Schools to engage with training and 5UPPOrt, and to commit to the developmenl of their P4C pradice, continue5 to be challenged. As coronavirus moves to endemic In the UK. It remalns difficult to p￿dICt when Schools will return lo some kind of normality, or what form that nortnality will take. Nevertheless, SAPERE continue5 to do al it can to be in position to deliver high-quality, 5UStainable P4C and to play a role in the po81-pandernic education system, including advocating for a different approach lo education in which P4C should play a part. Page 3

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 The focu5 and pLrbli¢ benefit of our work SAPERE regards its primary beneficiaries as bein9 the children, young people and mernbers ol ¢ornmunity groups who partiripate in P4C sessions. SAPERE'S secondary beneficlaries are the leathers, educational professionals and comrnunily oup leaders who we train. We help schools establish a collaborative, carfng. critlcal and creative cutture. We do this by training educators in the techniques of philosophical enquiry and by ernbedding excellent pracfyce in P4C in schools and cornmunty groups. Research shows that SAPERE'S P4C programmes improve communication 5ki115, teamwork. confidence and reasoning. P4C fosters ¢ognitNe improvern&nt. greater self.confiden￿ and 5elf*5teern in young people and enables them tts be active agents in their own eduGgtion. The trustees also believe that the re9ular and eonsistent pra¢l￿e of P4C brings Wkler benelits to the school comrnunity and society as a who18, through the development ol more engaged, thoughfful and reflective citizens better able to partidpate In worfd around them and wth the critul thinking and oral communication skills to do so. The trustees think too that the practice of phikjsophical discussion is irnportant not onty because il enables young peDple to talk aty)ut the issues that are impartant to them but also because it is a satisfying and enjoyable activity in itself. Achievements and perfomian¢e,' how our activitie8 hav8 promoted our alms for the public benefit We me0su￿ how our activi￿e$ have promoted our charitable objects for the publlc benefit in thrèe ways.. our award scheme the number of schools and teathers trained, and hence the number of thildren who have benefited from P4C researeh All three m¢a¥ures continue to be disrupted by the Coronavirus pandemic. 1.2.1 Award scheme SAPERE has an award scheme. The scheme's crfteria providè claar progressions for pupils, teachers and schoo18 as a whole Ihrough Bronze, Sifver and Gold levels. As well as 9iving schools a valuable road map Ihat they can use to plan an¢J review the development of their P4C practiC8, the programme provides a vital quality4ssurance tool. Full details ol the appli¢ation process can be found on our website at https'.//wwW.sape￿.Org.ukImemberS-SCho0ls-partners1sehoo awards.aspx. The number of schools progressing ihrough the award levels is the primary measure of SAPERE'S perforrnance. If ￿h¢)01$ are progressing through these levels, we can be reasonably confident that they are not lust undergoing training. bul are actualty adopting P4C and putting it into practi￿. Award submissions and assessments continued to be affected by the pandemic. Ongoing disruption in schoo15 rneant that fewer award applications We￿ submitted and more schools than usual were asked to submit additional evidence. Submissions took longerto asses5 due to SAPERE staff being placed on lujlough. We developed and rolled out a virlual Gold Award assessment process. which Meant that seven schools were Still able to apply for and receive the Gold Award, despite as5e55ors not being physully able to enter schools this year. Achieving Gdd is a significant achlevement in normal times and is even more impressive during a pandetnic, so the Iruslees we particulady pleased tts see 50 rnany schools reaching this milestone this year. We were also ddighted to see Ihe first Gold Awards tnade iri knverpool and Wales and the first Si￿er Award in Qatar. Pag¢ 4

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 In 2020-21, 21 awards We￿ made". 6 8￿￿Ze, induding 1 ￿neWa1,. 8 Silvei and 7 Gold. Overall, Ihe numbers Of schools at each award level at the end of the period were.. Award18vel 2016-17 Bronze 114 Silver 25 Gold 10 2017-18 183 38 2018-19 139 49 17 2019-20" 137 79 18 2020.21. 134 80 25 Durfng the pandemrc. the ¥al￿1ty peiiod of awards has been extended and no awards have expired. Overall numbers in the 1351 reporting periods have been calculated by adding new awards to ex￿lIng lolals. Where a successful applcation was rnade at a h&herl8¥el, Ihe nurnber ofawards at the lower level ha$ been reducad 8¢¢0rdingfy. 1.22 Number of school$ and teachers trained. and hence the numbor of children who have ben¢flted from P4C Atthough there has been low uptake of training and support Ipatticularty with re9ard to in-school training) in the past year, it is nevertheless encouraging to see that the number of Open and ITE Courses offered has retumed broadly to 2018-2019 levels. It should be noted though that. for reasons ol training quality. online courses have fewer delegates per Course. We are ￿$0 pleased to see a p)sitive receptk)n for ¢yJr expand8d online offw, with feedback such as= .1 just also want to thank you for such an 8ngaging and valuable course. I was worried about how well P4C of all training Could be facilitated online but it was done so well and both Alison and Steve have reignited my passion and enthusiasm for Phllosophy. l am so excited to wt everything that I learnt into practi￿1. Delegate on the online Level 2A ￿UrSe. "Alison was a wonderful trainer. She made rne feel at ease in each se85i0n and she was very undetstanding of the pressures that we face in sthool at the Tr￿ment. Her insight and f8cilitstion was fantastic and it rgally didn't feel like we were at any disadvantage by doing It vlrtually." Dèlègate on the online Level 2A eoutse. 'Loved thi5 SAPERE P4C CPD wth Gina Parker. Lgamt so many great kjeas that I Ixnl wait to feedback to our E*ly Years teaml" P4C in Practi￿ workshop partrcipant. 'So many useful aclivities 8nd it really made me thlnk about my rAJrrent practi￿ and how I can irnprove.. P4C in Praclice workshop participant. Teachers and schools come to SAPERE P4C in a number ofways. F¥st. in.s¢hool, or whole-5chool, training either Ihiough our flagship Going for Bronze, Going for Silver and Going lor Go pro9rammes of training and support or through standalone inset training without an In￿181 cornmitmenl to a Gtsing for Bionze, Sdver or Gold programme. Such training can be delivered in person or online. Second, teachers may attend open courses, which are held acr05S the UK and online. Third, working in partnership with higher education and school-centred initial teacher trainin9 providers, we offet ari Inittal Teacher Education IITEI programrne. whereby tr8inee teachers have ar￿$$ to a Level 1 ¢our$e as part of their sludies. Such training may be dellvered ￿ person ¢x online. The following number of courses has been offered.. Nurnber of courses In.$¢hool training 2016-17 190 2017-18 230 2018-19 191 2019-20 101 in-person 4 online 26 in-person 9 online 11 in-person 2 online 2020-21 13 in-person 5 online 8 In-person 67 online 2 In.person 15 online Open coursfrs 84. 30 69 ITE coutses 24 19 Page 5

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 . Ffgures for Open courses for201e-17 thclude rrE courses are lst¢d $epar*ly ITh subsequent yeats The number ol teachers, trainee leathers and other èduealors tsking part in these course5 was.. Course T Level 1 Level i ITE" Levèl 1+ (Tools for Thinkin ether Lèvel 2A Level 2B Level 3 The PhilosophlrAI Educator P4C in Practice worksho Total 2016-17 4.711 2017-18 4,191 2018-19 2.271 325 1,026 2019-20 2.144 258 153 2020-21 1.040 328 561 77 348 97 21 400 97 22 219 186 17 176 40 18 88 Prior to 2018-19, ITE delegates were induded in the total figure for Level 1. Figu￿$ given he￿ for rtE Level 1$ showthe total nurnber of trainee teacher5 who have completed Level 1 training. Many more are Introduced to P4C through a rninimurn five-hour introductory unit. The pandemic meant that we We￿ unable to run &ny Level 2B or Level 3 courses. which are only offe￿d a5 fac&tO-face training. in thls period. FaCe-to-fa￿ training at these levels ha3 ￿SuMed in 2021-22. The numbèr of sthools taklng part Sn 8 Going for Bronze, Silver or Gold prograrnme was as follows.. 2016-17 146 2017-18 144 2018.19 141 2019.20 85 202￿21 87 Schools A number of schools completed their programrne this year and sixteen schools joined, bLrt new sign-vps conlinued to be lower than we would expect in a normal year. as schools were still finding it difficult to make longer-tem) commitments. We are pleased to note that. since Septernber 2021. there has been a signilicanl increase in the number of Schools expressi interest in the Going lor Gold prograrnme. We have intrOdU￿d around 6,200 educator5 to P4C through our Level 1 course over the last three years. Assuming that each ol these people will have facilitated P4C tnquirie3 Wlth at least 20 children. we estimate that at least 124,000 children have been introduced to P4C during thi5 lime. This number 15 in addition to educators who are already tiained al or beyond Level 1 and who will also have bioughl P4C to new classes, as well a3 confinuing thelr practice with children familiar with P4C. Page 6

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 1.2.3 Re$earch SAPERE takes part in r8search to test and evaluate the pubjic benefit of it5 programme5 and to conffirm whether its activities are contributing to its mission Of advancing the educational, social and personal developrnenl of children, young people and others. and to improve its serviTr5. This year saw the publication of the final report of the Education Endowment Foundation IEEFI Effecuveness Trial. whid) sought to replicate on a larger scale the promising ￿sU[tS of an earlier study into SAPERE P4C. The latter stages ol the tri had been affe¢led by sthool closures, induding the cancellation of Key Stage 2 assesstnents, which meant that the origin81 oui¢ome measures of the $econd data set had to be revised. We are grateful to the EEF lor their continued support and assislance duiing thrs time. The final repart. published in February 2021. found no effect on reading and maths. 11 did. however, find other slrong positive results in key P4C areas such 88 respect lor others. opinions, 8bli ity to express views dearfy, arKt self-confidence. Both teachers and student5 in 5chool$ implementing P4C found it enjoyable and engaging, and teachers felt strongly that P4C had a positive itnpacl on their $ludents' social. thinking and ¢ommuni¢alion ski115. No negatlV8 impacts were identified, suggeslng that schools seeking to address social, emotional. behavioural and welkbeing outcomes can implement P4C wilhout reducing readiry or maths outcomes. Teachers reported that P4C encouraged pupils to share opinion5 in a non-judgmental way. They also found thal those pupils who often struggle to 'have a voice. in normal lessons benerrted the m031 from P4C, whh those Wlh English as an A¢*litional Language, Ihose who18cked confidence. an¢J those ¥￿th speci81 educational needs particularly benefiting. 96% felt that P4C helped pupils to respect others. opinions 91% felt that P4C improved pupi15' ability to qL￿Stion and reason 93% fell Ihal P4C improved pupils, ability to express vws clearly 'We have 8 huge number of disadv8ntaged ¢hilclren this school, we a￿ way above the national av8r8ge. Ils quite interesDng how quite 8 lot or the P4C sessions have Ènrjed up goFng lowards big questions in le￿nS of things like poverty. how people a￿ I￿ated, all sorts of things like that. So I th￿k lor them, personally, if has been quite us8ful because they'v8 been able to talk about massive iSSLies that èffect them as a communlty and in Iheirperson81 lives as well. [... ] Its giving thern a voice fo t81k 8bout things Ihal th&ypmbably wouldn't have had a voic8 lo talk 8bout before.. P4C Lead, EEF intervention school 'Nearfy every memb8rof staff has sald that children who you wouldntnom?ally expect to spaak In LrfaFa¢y lessons are.. Teacher, EEF intervention school "I1￿8 how everyone respects e8eh olherfs opinion. Ivs quite fairèndeveryone is allowed theiropinion.. Puwl, EEF intervention school When the te8chers8ys thatits P4C time, we 811 cheer, YESI. Pupil. EEF intervention school Teachers and P4C leads al80 feli strongly that the training and ong¢yng support provided by SAPERE was high quality and that it had enabled them to facilrtate P4C 5e5sion5 effectively in their s¢h(x)l. °I'm in contaot with [ourtr&in8r] wh8neverl need ￿SoUrCeS orhelp orideas. She's gven us wads and wads of lesson plans, p￿t￿re$, book tilles, training pamphlets, and questiorRS PfDmpl$. Wg'v8 had all the resounes we need to do il and I can call her wheneverl wènl.'Teacher 'The training has been very usaful. [...] Stsff have said Ihatit's been onè of th8 bètt8r CPD $88sions they've had."Tea¢her Page 7

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Teaching staff were generally positive about the impact of P4C ￿ Iheir own leaching practice. 84°h agreed with the statement 'P4C has h8d a positNe impact on my professlonal developrnenv 65°% agreed Ihat P4C had positively impacted on their overall effectiveness as a teacher 89% of P4C Leads agi88d that P4C had had a positive itnpact in their school Of the 75 intervention schools, 25 did not implement P4C at the expecled level. Of these. six did nol implement P4C al all due to other priorrt185 andlor senior leader turnover. The research suggests that il takes lime for teachers to become confident with, use and embed the P4C approach 8nd that successfully embedding P4C across a school requires a change in whole 8¢hool ethos and curriculurn innovation. We have refiected on how we can build on these insights to offer better SVPkX)rt for schools. We have careful conversations with Iho$e embarking on Going lor Bronze, Silver or Gokj to ag￿e a suitable programrno and tim8scale, and to ensure that senior leaders understand th8 commitrn8nt Ihe programrne entail8. Breaklng down the three-year Going for Gold package into Going for Bronze, Silver 8nd Gold allows schools more flexibility in the pace at which they progress to Gold. We maintain Tegular o)nlacl wth $chool$ to ensure Ihal they retnain on track and hav8 85tabli8hed four online neiworks (Going for Bronze. Going for Silver, Going for Gokl. and Goldl to provide additional support, advi￿ and opportunities for peer-ttrpeer sharing for teachers working towards or seeking to maij)tain their level of award. full ￿POrt is availabJ8 on Ihe EEF'S website at s'.Ile(lucationen¢Jowmentlound8tion.o We are very grateful to Ihe EEF for funding Ihis research. Current research pfojecls are discussed below in section 3.5. FINANCIAL REVIEW 11 Surplus, Sneorn¢ and expendlture The tharily is reporting a deficit of £47,958 Sn the year to 31 August 2021. with total funds carried fotward at 31 August 2021 of £63.339 Total income reduced by £20,418 to £415.384, a decrease of 4.7/0 over the previous year. Expenditure has decreased by £235,728 to £463,242. a decrease of 33.7'A over the wevious year. Th8 finances of the charity have continued to be severely impacted by th8 coronavirus pandemic. The tharitys primary incorn8 stream is the provision of training to schools. The 18rge-scale closures of educational establishments al certain points within the financial year had the effect of redLtcing income for this period. The redudlon in activity did have the resutt of reduang costs as & large proportion of expenditure is proportional to activity. Income from donations is £72.387, rece￿ed entirety Irom the Ternpleton Worfd Foundation Charity. and £61,452 income from grants was ￿¢￿Ved from the governmenys Coronavirus Job Retenti￿ Scheme. Cash at bank and in hand has slightly decreased by £1,552 10 £592,424. Debtors have decreased by £5,225 10 £39,920 as at 31 August 2021, which is largely due to a decrease in overall expenditure which has resulted in l¢)wer prepaid costs at the balance sheet date. c￿d￿lOr$ have increased by £41.342 to £580,480 due to the £50,000 bounce badi loan facility whth 15 due within 1 year and a small in(xease in deferred income whith represent5 payments rnade by Schools towards their Golng for Gold programm85 where the activity has nol yet been delivered and to training income received from various projects which are still in progress at the year end. It is one of the charity's key objects'ves lo drive the delivery ol the Going for Gold progranvne and reduce the deferred income. The tncrease in creditors due Éo the loan and deferred income is parfally $et off by an overall reduction In accrued ¢03t8. Page 8

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 The principal sourees of fundin9 The charity has th￿e prinapal sources of funding.. training delivered to $¢hools and Individuals on a self-funded basis training delivered to schools within a project funded at least in part by a third party IsGhools g8nerally fund at least part of the costl with the third-party funding restncted to the purposes defined by the partirAJlar grant agreernenl unrestricted donations The unrestricted fun¢Jing from the Templeton World Charily Foundat￿￿ has 5UPPOrted the charitys efforts to stabilise dursng the coronavirus panderntG We a￿ extremely grateful for this unrestricted funding. A number of Testricted income fund projects continue and, in addition, Ihe second research proj8Ct fvnded by the EEF concluded at th8 end ol Decernber 2020. The expeded futuie inwme from all these sources is cgn$lde￿d carefully when planning for and committrng to increased 8UPPOrt costs. 2.3 Investment policy As &t 31 August 2021. the chaiity had £592.424 In cash. whieh represents both the charitWs fund¥ 8nd income received in advance. Cash is spread across 8 number ol UK regulated banks lo minimise risk. The cash is available on demand from these banks. With the focus on rninimising iisk and tnaking Sure this cash is available, investment feturns are relatively low, and no target is set for invgslrnent retum. 14 R•5erves poli¢y SAPERE'S financial position ha5 dedined over the last year. with funds ¢arried fo￿rd having decreased by £47,958 to £63,339 in the year ended 31 August 2021. The trustees, policy Since the 201&16 financial year has been that unrestricted funds not committed or invested in tangible fixed assets held by the charity Should be Sufficient at all times to discharge fully the charity's Ikabilit16s and allow an orderfy wind down. In addition, in 2017-18 the trustees ￿rIned the pojicy to indude a150 a further arnount of 50/4 of budgeted turnover in or(ler to protect against predicted and actual risk of fvture funding dfficultie5. The reserves poIiGy 18 therefore £84k. made up of £65k for the orderty wind down and £19k for the addibonal As a result of the continuing coronavirus pandemic, the reserves balanc8 remains below the target levd of the trustees, iesetves policy. The trustees are cornmitted lo ensuring that this res8rv88 balance be In￿ased over time in line wrth the existing policy. Increasing the reserves balawe will requiie SAPERE to deliver an increased level of activity that &nable8 a surplus to be geneiated. The trustees have considered that in the current cllmate this is challenging. and that it will take potentially several financi81 years lor the reserves to recover lo the desired level. The board Df trustees is committed to increasing the provision of training, delivering on the existing wojects, and pursuing fundraising opportunities, taking into account the financial challenges posed by the drop in income from core funder8, VAth the awn of returnin9 to generatin9 surplus over the coming financial years. Page 9

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 The add1th)n￿ amount, sel al S¥0 of budgeted tumover, that had previously been held in resetves prior to the 201￿20 financial year has been used to partially offset the funding difficulties experienced in the prior ffinancial year. The trustees believe that increasing the reserves to hold this 8dditional sum continues to be an appropriate and prudent approach and will aim to generate this additioffjl Sum once the reserves have been increased to the level allowing for a full diseharg8 of liabilities an orderty wind Ilovm. The current total fund5 shown in the balance sheet amount to £63k. Tangible fixed assets arnount to £2k, giving a balarKe 01 £61k.The gap beiween the level of reserves and Ihe reserves poticy amount has de￿aSed over the financial year to £23k12020.' £154kl as a result of actions which have led to a reduction in the costs associated with an orderfy wind down. However, th8 trusteas recognise that the reserves balance rnay fall slightly furthei given the continuing extreme funding difficulties. The reduced cost base and continued funding pressure have been taken into account when assessing the charity as a going eA)n¢em. 2.5 Finan¢lal ri5k5 and uncertainties The most significant ongoing risk for the forthcorning year is the continued impact ol Covid-19 on schoo15 and their ability to op8rat8 as normal. Furthermore, the financial impact of Covid-19 on schools, budgets ha5 been great, and teachers have little time to undertake CPD due to the demands of srnaller class size5 in school and delivering online home leaming. Indeed, monies for staff member5, continuing professional developrnenl 15 Ofte￿ cut to pay for other es8entiel items. Schools are our rnain source of incorne. We continue to invest in customer services, marketing 8nd research to ensure that we are making the case for high-quality sustainable P4C. There are existing projeds and school$ which are cornmitted to the Going fw Gold programrne. both of which are likely to generate further aclivily. Online provlsion has been expanded within the year and continues to prove popular and should enable further training to be provided. The foreGg$t refiects a reduction in fixed expenditure which was enacted through a staff restru¢ture which was completed by the end of the 2020-21 financial yeai. Thereft)re the trustee5 confirm that, in vièw of the lorecasl future perform8nce and further actions available to the trustees. they believe that the charity is a gclng Gon￿rn lor at leasl tWe￿e rnonths from the date of approval of the accounts. REVIEW OF ACTIVITIES THROUGH THE YEAR Staffin9 and volunteers As noted above, a significant restructuring exerclse wa5 carried out in the first hall of 2021, resulting in a revised OFgani5atiofial structure. A number of $taff chose to accept voluntary redundancy or to move to new employrnenl elsewhere. Mary Boullin (Operations and Events Manag8rl, Steve Bramall {P4C Manager), Susan Holding (Going for Gold Project Manager). Kathryn Puncher IAdrnini51rative Officerl, Sue Sweelland (Contract5 Manager) and Thomasin Silk (Finance Assistant) all left the organlsation during this year. The trustees are grateful for their hard work and commitment to SAPERE during their tirne with us. The roles of the rernaining staff were reviewed and revised. wth Amelia Foster continuing a5 Chief Executive Officer Ileaving in September 2021 5horUy after the end of the period under review), Alison Allsopp rern£ining as Nats"cnal TrainirvJ Manager, Naghza Khokhar becorning Chief Finan￿ Officer, Jell Sirnpson beo)ming Project Manager. and Clare Woodcock continuing as Communications Maffjger. Ernma Le85￿. who had been providing temporary adminislralive support following Kathryn Pun¢herfs departure. took on the new role of Schools Coordinator in July 2021. Lucy Payne fv)ined as Administrator in June 2021 and Sarah Ho￿￿eY as Bookkeeper in July 2021. Overall, the restructure resulied in a Signif￿allt reduction in staff houis. Page 10

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 As noted above, the charity accessed the govemmenfs Coronavirus Job Retention Scheme. fudoughing a number of staff either wholly or in part until Ihe new organisalional structure was Introduced in July 2021. All staff a￿ part tirne and work ￿motety. We a￿ very grateful lo the staff lor their treative teamwork, comrnitment, hard work and willingness to go the extr8 mile every single time. The tiustees would also like to offer their gratdul thanks to all those who help in various different ways, often on a voluntary b85is. Trainers have supported the development of our online Level 2A course and P4C in Practice workshops. contributed time and thought to our strategic review, Served on committees such 88 the Professional Standard5 Board. and helped shape the design and delivery of project5 including the We15h Government's Hate Crirne in Schools Project and th8 Templeton Wowld Charitable Foundation's Thinking Together in Science and RE project. Course and materials development Fdlowing the successful launch of our onh'ne Level 1 course in May 2020. and wth ongolng uncertainty around the resumption of fa￿-tO-faCe Iraining, work commenrRd last summer OTr the development of An online version of our Athanced Course Level 2A. This work continued into thi5 year. with the first courses opening for booking in February 2021. Adaplrng In-per50n P4C courses- which are rDOted firmly ill dialogue and communty- for online delivery is a major pie of work and we are grateful to those stsff and traine15 who worked so hard to create this new online ofler whKh has been widety praised by paticipant5. We also developed and launched a series of online P4C in Practice short workshops to support post-Level 1 teachers In school$ which have limited tsme or budget for CPD. Taking place at the end of the school day, these workshops cover key areas of P4C praetiee and are offered a5 both oper) courses and whole-school Irairning. Nevertheless. P4C is a praetiee rooted in in-person Interaets'on, dialogue and C(￿Mun￿-bUltdin9 and we ￿MaITr comrni¢ted, in the true of P4C, to continuing to increase Ihe amount of faCe-t￿fa￿ tra￿1￿9 we a￿ once again oble to deliver as we move into the next stages of the pandemlc. 3.3 Oryanisational and admlnlstrattve matte We completed our work to becorne a fully virtual organlsation with Ihe c4osure of our Culham offi¢e in December 2020. As noted above. the organisalion has undergone significant restructuring over the course of this year. The trustees contlnue lo keep the slructure of SAPERE under review and a￿ focused on the best way to ensure a viable future for th8 Ofganisation after 8 long and continuin9 period of severety iestricted income. We have continued work on a rnajor project to fully overhaul the website, including improvements to navigation. fundionality. content and design, as wdl a5 a much-improved integration with Administrate. This should significanrfy improve our delegat8s' booking experience, drive in¢￿aSed s￿e5 and give us an opportunity to lully commurnicate our standing as the UK'S national charity lor P4C. as well as the tianslorrnalive nature of P4C. The new site is seheduled to go Iwe In February 2022. In Itne with one of our strategic objeLtive5. St8ff and trustees took part in antpracism training. We are committed to continuing and expanding our work In this area in 2021-22. Qualty Assumnce SAPERE holds itsalf accountable lor ensuring excellent delNery of P4C training and support. SAPERE'S Professional Standards Board IPSBI ensures thal our courses. course materials and training are quality assured, rigorous. fft for purpose and reflect our rni5sion.' and that SAPERE registered trainers also have the delivery and content of thelr training quality assured. PSB members are trustees ané trainers, with the latter paid to serve on the PSB to ensure that a diverse range of volts5 carn be heard. The PSB met twice during 202(k21 and has. where r&quired. vetted and approved developments in coursè content, rnaterials and detsvery. Page 11

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A cornpany limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 AII SAPERE trainers undergo on extensive programme of training and mentoring before they can be accredited to deThvsr ourtraining. Thereafter. trainer5 are offered regular CPD. In-house quality assurance processes and procedures- induding trainer reviews, observation5, monitoring ol course prograrnmes and participanl eV￿uatIOnS - are in place for all course5, including our online courses. Projects and Pmgrammes The EEF Effectivengss Trlal, whlch cornmenced in 2017, concluded in thi$ year and is discussed In 1.2.3 above. In this period, we began work to deliver P4C training to schools in Wales, as one of Ihe parfners in the Welsh Governmenvs Hatè Crime in School$ project. Other sta￿holderS in the project inctude Ihe Welsh Local Government A(rthority, NWREN, Rac8 Council Cymru, Race Equality First and Show Racism the Red Card. Teacher5 at selected schools are offered tr8iThing in the P4C approach, which will 5UPPOrt them in Starting to facilitate conversations around Challenging topics such as hate crime. As originally conceived, tiaining was to be delivered as face-to-lace cluster training alongside other partners. This was not feasible during the pandemic, so training was moved to discrete online sessions, with teachers instead taking part in a specially-adapted Level 1 online course covering conc8Pts which can be used to explore hate crime. Resources, including a bespoke version of our Getting Started Guide, have been created to 5UPPOrt the training, with materials provided in both We15h and English. The roll-out of Ihe training was significarntly affected by the ongoing pandefflic, with reduced availability of teachers for training resuhing in lower than anticipated uptake and courses havlng to be restheduled on a number of occ8sions. Nevertheles5, Six courses were able to run in this period, with 52 teachers trained. The training elernent of the project is due to bè cornpl¢led in March 2022. The prolect will be assessed by tneans of pre- and post<our5e SU￿8y5 of those taking part. We also began work on the Thinkln9 Together in Science ond RE project, which is funded by the Templeton Worfd Charty Foundation as part of its eig Questions in Classrooms initiative. This threE-year project is worklng wfth Scien￿ and RE departments in six English secondary schools and aims to support students to generate and examine big questions wilhln each subject, and to enquire into the deep Connections beiween the concepts that underpin these subject$. During thi5 year we developed Course materials, contenl, and re50urces, creating a tall0￿d version of our online Level 1 course. We also designed the research plan for the project and began school recruitrnent. Secondary schools have been particulady hard hit by the pandemic and so recruitm&nt for Ihis project was challenging. Neverthel85s, we were able to recruit th￿e schools by the initral July deadlinè. A further three have subsequently been re¢ruited and the first trairdng courses ran In autumn 2021. We are very grateful to the Templeton World Charity Foundation lor funding th15 project. Wt made a successful application to the Brilish Council'5 Corbnecting Classrooms through Global Learning initi?ts"ve lor a research project to explore the Iransforrnatlve potential of specific pedagogies such as P4C to critiealty eroage chSldren in global issues. The project commences in Ihe year 2021-22. with the research due in March 2022. SAPERE'S primary focus for fundraising in the current year has been on the ¢harty's continued viability during the pandemic, and for targeted work in, for example, secondary schools. Ihe Earfy Years Foundalion Stage and Altemativ¢ Provision. A numbei of fundraising applications for projects and for philanthropic support were Tllade during this year. Membership Membership numbers remained broadty stable at aroU￿d 150. Member benefits include a regular email updale containiry P4C news, events and resources, preferential terrns for SAPERE events, and the right to vote 8t our AGM. Membership fees are also a valuable support for the organisation. and we are grateful to our mernbers for their contribution. In addition to our rnembers, we have around 4,000 subscribers who have signed up to receive our news updates. Page 12

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A cornpany limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Trainers SAPERE'8 netsork of 53 trainers is its most important &ngle resour￿. Tralners have continued lo offer a high stsndard ol training and support to schools and teachers, whether that be in person or online. Trainers who work with project s¢hoo15 and with Golng for Bronze, Silver and Gold Schools train and support those schools over a sustained p8ricKI ol tlme. We recognise the work and commitment that goes into building lasting ielationships with schooSs and teathers in order to develop and sustsin P4C in the longer term. Our trainer pathway has been disrupt9d by the pandernic and remains suspended. Neverthefess, maintaining the capa¢ty and quality of our t￿iner base remains an important task for the organisation. 3.8 Intemational SAPERE'S policy on working Internationally can be found on our website al h 5".IIwww.5a ere.or .ukJabout- 5a erefintemationak oli .a5 x. The policy aims to kaep SAPERE open lo Inlemalional work while balancing the potential risks of such work with the opportunitie8 it can also offer. PLANS FOR FUTURE PERIODS Plan5 for future perfods We had hoped lo conduct a strategy consultation ¥wth stakeholders in 2020 to plan for the next three years but were un8ble to do so due to lack of staff resource during the latter part of the year. However, we were able to move ahead with Ihis during June and Juty 2021 when we held strategy consultation sessions which all 5kff, trainers and trustees were invited to attend. The purpose of these sesslons was lo discu$$ SAPERE values, vision, mission and aims. We would like to thank the many tiainers who engaged vAth this proces3 either by posting Cornments on the SAPERE Learning Community or who attended the Zoom meetings whwe these thernes were dis¢u5S8d. Thanks in particular go to Alison Allsopp and Steve Wllliams who led the process. Follgwing these consultal￿n8. a worf(ing party of Irainers m8t and agreed three maln area5 f¢x Strategic development over fhe next three years.. To make SAPERE sustainable To build a collegiate SAPERE community To improve P4C advocacy These objective5 have also been agreed by the Board and we are pfeased to be worknng with our new leadership team to achieve these. The trustees considered the charills organi5ational structure following the iesignation of the CEO and decided lo replace that role with iwD new leadership roles- one focused on P4C strategy, develtspment and tr8ining and the other role focused on finance and operations,. both roles wll work together to deliver our Strategic obje¢tNes. We are delighted to have appointed Grace Lockrobin. one of our eKperien¢ed SAPERE trainers, lo the new role of P4C Director and Naghza Khokhar. who has been leading on Ihe SAPERE finance front lor the18313 years. to the new role of Operations Director. On other fronts, our new website has rnoved forward slowly but we are expecting rt to launch in FebrrJary 2022, giving u5 Improvements to navi9ation, functionalrty, content and design. a5 well as a rnuch-irnproved integrat40n with our leaming rnanagement system, Adrnini5tr818. SAPERE will a150 continue to tncrease our onfine P4C offer by devel¢)ping and offering an online Level 2B CA)urse during the course of this year. We will also increase the support we offer to teachers by offering termly online meetings and other networking opportunities through our Going for Bronze, Going for Silver, Going for Gold and Gold Schools awards networks. Page13

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 There is Still much to do ahead but we are confident that our plans aroLAnd advocacy. communlty-building and fundraising will lead to a greater awa￿ne$S of SAPERE P4C as a tran5fomiative pedagogy. bring people together and rnobilise support for ourwork, all to help us to Share Ihe benefits of doing P4C with rnore children anLI young peopl8. STRUCTURE, GOVERNANCE AND MANAGEMENT &1 The constitution and the board of trustees Th8 charity is incorporated as a eornpany lirniled by guarantee. The governing document5 are the memorandum and articles of assoriation. The charity has a board of up to ten tru5teesldirectors who meet a minimum of four times per year and are ￿SPonSible for the strategic diradion, poliw and ove15ight of th8 tharity. The twstee5 have 8 variety of professional backgrounds relevant to the work of thè charity. There are also a number of standing subcommittees, lormed of trustees and slaff. covering Finance, Risk and Governance., Fundraising and Comrnunicalions. Personnel", and P4C. Trainers and Training. Ad hoc subcomrnilt88$ are also forrned as ne￿$sary to address Specific i8sues. Trustees must retire and stand for re-election every th￿e years. The 8rticle8 of 8$socialion prowde for at le8st seven trustees to be elected at the AGM, and a further Ihree trustee5 to be appointed, if appropriate, by the trustees. Trustees elected at the AGM must be ￿e0￿[nended for electlon by the tru51e¢s or nominated by two members. 6.2 Goveman¢e airns The trustees have had o number of key govemance 8im$ during this period.. to review and manage the financial irnpacts on the charity during the challenging operating arcumslancas over the year to Continual￿ revlew and plan forlhe future, tsking into account potential risks and uncertainty wth a particular locus on ensuring the charity retnains a going concern to ensure the chartty follows all elemertts of applicable laws and charity ￿gUlatIOn, particularty around government support 5cheme$ and actions taken as a result of the coronaviru5 pandemic to continue to update SAPERE'S administration, managetnent information, website. and accounting systems and practi￿$ to assist the ftow of information and pursult of the board's strategy induding by attendanea of Irustees at events such as con5ull8tion meelirjgs and PS8 rneetings, as well as new P4C offer5 such as Ihe new online courses to incfease inrjusion and dNer5ily throughoLrt the organisation to monitor the composiuon and practices ol the board of trustee5 and ensure Ihat they are in line with current legislation and best practice to continue tts improve Ihe organisation'$ Safeguarding pr8Ctices We believe that the Ixjrrent board has a good balance and range of skills and experience and that this sup￿)rtS the charity effectively. We are. however, always mindful of the need lor a board lo continue to be Dpen to talent. One trainer trustee stood down at the March 2021 AGM,. another trainer trustee was elected in his place. Trustee5 have continued to oversee changes necessary to keep SAPERE resilient during the pandemlo New terms of reference for the board's subcommittees have made the board rnore agile and betler able to respond to the last-moving environment created by the pandemia We have also conducted 8 strategy review of the last fivè year5 and started a r*w strategi¢ development cycle. Page 14

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Trustee Snductlon and tralnlng All new trustees are required to meet with the P4C Director and Operations Director lin the period under review, with the Chlel ExecutNel, Chair and existing trustees to understand the ethos of the charity and their responsibilities, to leam about the aim5 and objectives ol the charity and to have an opportunity lo ask qu85tions. All new trustees a￿ also Invit•d to meet the stsff and to attend courses and conferences run by the charity. The Chair. P4C ￿1￿ctOr and Operations D1￿Clor lin the period under review, the Chief Executive) ensure that all new trustees are furnished bthth key governance documents, induding the Constitution. Annual Report and Financial Policies, and other relevant docurnents. These a￿ supplemanted with t)00k￿ts from the Charity Cornmission that outline gener81 Injstee ￿sPOnSIbl[l￿e$. In addttion. if any trustee has any sp8ciffc iespcmsibilities they we supportad by the Chair, existing trustees and stsff to ensure they have sufficient knowledge and skills. The Irustees who seNed during the year We￿ as follow5.. Alison Barne Kay Chapman Jeannie Cohen Rod Cunningham (to 30 March 20211 Chris Houghton Ifrom 30 March 2021 Finia Kuhlmann Jack Langley, Treasurer Ivana Mahendra Georgina Patti3on Brusik Paul Stockley SA Rbk management The trustees and Chief Exe¢utNe have prepared a risk ￿gISter of the major risks to all areas of the charity and thls is review8d and updated each year. Mltigations to these risks a￿ identified and implemented.. these miligations include updated prO￿du￿S, systern5, processes and controls. Managernent updates include key risk$ which are discussed at board meetings and discu55ions about new risks arismig from the Covit*19 emergency took place at every trustee meeting in 2020-21. The trustees 8nd the Chief Executive have continued to ensure that financial controls are in plar£. We reviewed these areas as part ol the preparation for and process ol the independont 8xaminalion. The m05t significant ongoing risk for the lorthcorning year ts the continuation of the Covid-19 pandernic. The furthar developrnent of our online offer, our fuftdraising efforts and our careful finanaal management are all part of our financial risk management. The charity relles on projects and grar¢ts or donation5 to help cover overheads, and the expected future income frorn thesè sources 15 considered carefully when reviewing ov8rhead 18vels and comm¢trnents. Thls income is considered sufficSent for the next fin8n¢ial year and a Going Concern plan has been p￿Pared to 5upporl the charity through at least the next 12 rnonlhs. The cherity ha5 a Safeguarding policy that is reviewed and ¢ir¢ulaled annually to all trainers and staff. Th8 P4C Director (In the period under review, the Chief Execulivel is reswnsible for the maintenance of thi5 policy, and one trustee (Alison Barnel is the lead safeguarding Iru5tee. All trainers and staff who have dired contact wth thildren are required to havg u tO•date Disdosure and Bairing Service IDBSI ched(s. The health and safety policy was reviewed and updated. Page 15

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Management and staff A stheme of delegation 15 in place and day to day responsibility for the provi&on of Ihe servi￿$ rests with th8 senior management. supported by the staff of the charity. Until the end ol September 2021. Ihe Chief Executive wa5 the key senior management staff role. Following Amelia Fosterfs departure in September 2021, the trustees decided to replace the Chlef Executive role with tho new leadership rol&s that of P4C Director, focusing on P4C strategy, development and training, and that gf Operations Director, focusing on operations and finance. Together, these fv40 role5 are charged with deliverSng our services and ensuring that our key perfomiance indicators are met, and for providing cornprehensive reports for each board meeting. S.$ K•y management per$onnel remuneration The ttU5tees consider the board of tru5te8S. the P4C Director and Operations Director as comprfsing the key management personnel of the charity in charge of directing and controfiing the charity and running and operating the charity on a day to day basis. All trustees gNe o* th￿r time freely and no trustee rernuneralion was paid in th8 year for acling a$ a trustee. Two trustees are also trainer5, and have been remunerated for their work as trainers in accordance with SAPERE'S tems and condilions applicable to all trainers. The artides of SAPERE permit trustees to enter into a contract for the provision of services under ertain circumstances provided for in the articles. The trustees have con8idered the issue of having trainers as trustees and were satisfied that il would be in the best interests tsf the ch8rity lor the services to be provided by those trainers who are also trustees. because it 15 of great benefil to the charity to hav8 trustees who are dliectly involved in the delivery ol training and who can bring that expertise io the boar¢J. The trustees are satisfied that the arrangements Compty with 5edions 18￿188 of the Charities Act 2011. Detoils 01t￿stee expenses and related party tr8nsactions are disdosed tn notes 11 and 24 to the accounts. Truslees are required to dlsclose all relevant interests and register them with the Chief Exeujtive and. in accordance with SAPERE'S constitLrtion and policy. musl, and do, withdraw from decisions where a confiict of interest arises. The pay of the charitys Chief Executive wa5 reviewed annually. The pay of the new P4C Director and Operations Director has been benchmarked by an external HR consultant and wlll bè rèviéwed annualty. Their remuneration has been benchrnarked with that paid by tharities of a similar size and adivity to ensure that il is fair and not out of line with that generally paid lor similar roles. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charity Iruslees are responsibje for p￿paring a twstees, annual report and financial statemernts in accordance wtth applicable law. the tharity's memoralldum arsd artides of association. and Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charilies preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021 {second edition. effectwe 1 January 20191. The law applicable to charitable companies in England and Wales requires the charlly trustees Idirectorsl lo prepare nancial statement5 for each year which give a true and fair vaew of the state of affair5 01 the charity and ol the incoming resources and application of resources of the charity lor that period. In preparing the finanryd staternents. th8 trustees (directors} are required to.. select suitable accounting poliues and then apply th8m consistenrfy observe the methods and princTples in the applicable Charities SORP tnake judgements and estimates that are reasonable and prudent state whether applicable aceounling 8tandards have been followed. subject to ary material departures di$dosed and explained in the ffinancial statements prepare the financial statements on the going corKun basis unless rt is inappropriate to presume that the charty will continue in business Pa9e 16

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 The tiustees are responsible for keeplng proper 8co)unting records that disdose with reasonable ae(yJracy at any time the financial poSi￿n of the charity and lo enable them to ensure Ihat Ihe financial statements comply with the Charities Act 2011. the Companies Act 2006, the applicable Charities (Accounts and Reports) Regulations, and the provSsions of the Artides of the charfly. They are also responsible for safeguarding the assets of the charity and taking reasonable Steps for the prevention and detection of fraud and other irregularities. The tiust8es are responsible for the maintenance and integrity of the thaity and financial information induded on the charity's website. Legislation in the United Kingdorn govemin9 the preparatio￿ and disseminal￿)n of finanaal statements may differ from legislation in otherjurisdidions. Small companies note In preparing this report, the trustee$ have taken advanlage of the 5rnall companies exemptKJns provided by section 415A of the Companies Act 2006 Approved by order of the members of the ￿ard of Trustees and 51gned on their behalf by.. Ali50n AiJtWfÈ.::" arne Date.. 12-Apr-2022 Page 17

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) MENZIES INDEPENDENT EXAMINER'S REPORT Independent examinerfs report to the trustee5 of The Soclety forth8 Advancement of Phllosophical Enqulry and Reflgction in Educatlon I'the Company'l I report to the chartty trustees on my examinabrm of the account5 of the Company for the year anded 31 August 2021. Re8ponslbllltie5 and basis of report As the IwsleE5 of the Company land its directors for the puipos8s of company lawl you are responsible for the preparation ofthe aceount8 in aC￿rdan￿ with the requirements ofthe Companies Act 2[￿ Ilhe 2￿6 Act'l. Ha￿rt9 satisfied my8eW that the accounts of the Company are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent exarninalion. I report in respect of rny eXan￿natIOn of the Companys accounts carried out under section 145 of the Charitie5 Ad 2011 fthe 2011 Artl. In carrying o(rt my exarnination I have lollowed the Directions given by the Charity Commission under section 145(5llbl of the 2011 ACL Indèpendent examinerfs Statement Since the Companls gro8$ income ex￿eded £250.000 your exarniner mu51 be a membei of a body li5led in section 145 of the 2011 Act. I confirrn that l am qualified to undertake the examination because l am a member of The Institut8 of Charte￿d Accounts in England atKI Wales, which is one of the listed bodies. I have completed my examlnation. I confirm that no matters. other than those fuNy ¢Jetailed below. have eomg to my ttention in connection with the examination giving rne reasonable cause to believe that in any material resped.. accountin9 ￿COrdS were not k8pl in respect of th8 Company as required by $èetion 386 of Ihe 2(KJ6 Act., or the accounts (k) not accord with those record5,' or the accounts do nol ¢ompty with th8 8ccounting requiremernts of section 396 of the 2006 Act other than any requiretnent that the a¢count5 give a 'true and fail view which is not o matter considered as part of an independent examination., or the accounts have not been prepared in accordance wilh the methods and principles of the Staternent of Recommended Practi￿ for accounting and reporting by charrties lapplicable to charities preparing their accounts in accordance with th8 Financial Reporting Siandard applicable in Ihe UK and Republic of I￿land IFRS 10211. I confirm Ihat there are no othei matters to which your atteniron should be drawn to enab￿ A proper understanding of the accounts to be rga¢hed. Llisclo¥ure Section I draw attention to Ihe wordin9 contained in the FinanThal Risks and Uncertainties section of the TnJstee$' Report and the going cOn￿M aecounting policy at Note 2.2 which explain the impact of the Coronavirus pandemic on the charity's aetivitl8S and on fLrture activities together with the trustees. view on going concern. As staled in Nota 2.2, this indicate5 that a mat8rial un(¥rtainty exists that may c8St doubt on the tharills ability to continue as 8 goin9 concern. Page 18

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) FOR THE YEAR ENDED 31 AUGUST 2021 This report is made solety to the Companws trustees, as a body, in accordance with Part 4 of th• Charities (Accounts and Reports) Regulation5 2008. My work has been undertaken so that I might state to the Company's trustees those matters I am required to state to thern in an Independent examiner's report and for no other purpose. To the fullest extent Permitted by law, I do not aC￿p1 or assuffle r85ponsibility to anyonè other than the C¢)mp8ny and the Company's trustees a5 8 body. for my work or for this reporL Do¢uS￿nId ty.. Signed.. Dated.. 13-Apr-2022 634F240E92A4471 Janice Matthews FCA Menzles LLP Chartered Accourrtants Centrum House 36 stats.on Road Egharn Surrey TW20 9LF Pag$19

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST2021 Unrestricted fund$ 20Z1 Re5trict8d funds 2021 Total funds 2021 Tot81 runds 2020 Income from: Don8tions and legacies Charitable activities Investmenls 133,839 163.461 2,116 133,839 279,429 2.116 80,283 353, 168 2,351 115,978 Total Sn¢ome 299.406 115.978 415,384 435,802 Expenditure on.. Charitsble 8ctivities 347.364 115.978 463,342 699,07Q Total expendltur 347,364 115,978 463,342 699.CP70 Net movement In lunds 147.9581 147,9581 (263.268) Re¢on¢iliation of funds: Total funds brought fOn￿ard Net movement in lunds 111,297 147,958 111.297 147,9581 374,565 (263,268) Totsl funds carrled fornard 63,339 63,339 Ilt,297 The Statement of financial 8Ctivities includes 811 gain5 8nd108ses recognised in the year. The notes on pages 23 to 37 form part of these finar￿al statements. Page 20

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) REGISTERED NUMBER: 7821030 BALANCE SHEET AS AT 31 AUGUST 2021 2021 2020 Not• Flxed assets Inlangible assets Tangible assels 11 9.092 2.363 6,467 4,827 12 11,455 11,294 Current assets Debtors Cash at bank and in hand 13 39.920 692.424 45. 145 593,976 632,344 639,121 Creditors.. aTh?unts fallng due within one year 14 1450,7851 (366.135) Net current ossets 181,559 272,986 Total assets less current liabllities 193,014 284,280 Creditors.. amount5 falknng due after more than one year 15 1129,6751 {172.983J Net assets 63,339 111,297 Totsl net assets 63,339 111,297 Charity funds Restricted funds Unrestricted funds 16 16 63.339 111,297 Tc*tal fund$ 63,339 111,297 The Company was entitled to exemptM)n from audit under sectlon 477 of the CoThpan￿S Act 2006. The members have not reqUI￿d the eompany to obtain on audit for Ihe year in question in accordan￿ wlh seclion 476 of Companies Act 2006. The irustees acknowledge their responsibilitie5 for complying wlth the requirements of the Act wilh respect to accounting records and preparation of financial statements. The financial $tatements have been prepared in accordance with Ihe prowsions applicable to entities subject lo the sm811 cornpanies regime. Page 21

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2021 The finanaal staternents were approved and authorised for Issue by the trustees and slgned on thetr behalf by.. Doru$liMdby. "¥3MFE4F3tiv4f¢:" Alison Bame Date.. 12-Apr-2022 The notes on pages 23 to 37 form part of these financial statements. Page 22

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 General information The Charty is a private company limited by guarantee, reglstered in EnglarKI aTrd Wales and a registered charity in England and Wales. The address of the regislgred office is Centrum House, Station Road, Egham, England. TW20 9LF. The members of the company are those persons whose names are contained in the register tsf members. In the event of the Charity being wound up, the liability tn respect of the gLtarantee is limited lo £1 per member ol the charity. Accounting policles 2.1 Basi$ of preparation of flnanclal statements The financial statements have been prepared in accordance wth the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recornrnended Practice applicable to charities prepaiing their accounts in accordanc? with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2008. The Society for the AdVaTr￿tnent of Phil¢K8ophical Enquiry and Reflecbon in Education rneets the definition of a public benefit entity under FRS 102. Assets and Iiabililies are initially recognised at historical cost or tran5adion value unless othetwlse stated in the ￿levant accounting policy. The financial statements have been preparad in sterfing, which is the functional currency of the entity and have been rouNled to the nearest £. 2.2 Going concern The Coronavirus pandemic has had a significarnt impact on the education sector and on the aclivitie5 of the charily. The trustees have therefore taken action to move activities to an online basis and to ￿trol ¢o$t$ where appropriate. Projections and forecasts have been prepared showing the charity retutlling to normal level$ of activity and remaining cash positiv8. Given the a¢lion5 that have been taken, it is the trustees opinion that the going ¢oncem basis of preparation of the account5 continues lo be appropriate. Page 23

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUn￿n9 polieles Icontinuedl 2.3 Income AN ineome is recognised On￿ the charity has entitternent to the Income, and tt 1$ probable that the Ineorne will be received. and that the amount of in¢ome ￿Ceivable Can be measured reliably. The following specific policies are applied lo part￿ular categories ol income.. Income from donations or grants is reco9nised when there is evidence of entitlement to the gift. recelpl is probable and its arnount Can be measured reliably. No amounts are induded for the contribution of general vc4unteers. Income from contract5 for the SUPFdy of services is recognised with the delivery of the contiac18d $ervice. Thls is classified as unr851ricled funds unless there is a contractual requirernenl for it lo be spent on a particular purpose and retumed if unspent, in which c8se it may be regarded as restri¢ted. Grants are included in the Statement of ￿nanCIal activitk8s on a receivablè basis. The balanee of income re￿IVed for specific puiposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where incorne is re￿IVed in advance of entitlement of receipt, its re¢ognilion 15 deferred and included in ueditors as deferred income. Where entiuernent occurs before income is received, the income 15 accrued. Govemment grants re￿Ned as a result of the Coronavirus Job Retention scherne are recognised as income when the charity is entitled to the money. 2A Expenditure Expendlture is re¢ognised once there 1$ a legal or constwuctive obligation to transfer economic benefjl to a third party. and il is probable that a transfer ol economic benefit$ will be requI￿d in settlement, and the arnount ot the obligation can be measured reliably. Expenditure includes any VAT kvhich cannot be fulSy ie¢over8d. and is dassified by activity. The costs of each adivity are made up of the lotal of direct costs and sh8red costs. including support Costs involved in undertaking each activity. Direct costs attributable to a single activty are alSo¢ated diredy ¢0 that activty. Shared costs which contribute io more than one activity and support Costs which are not attributable to a single activity are apportioned btheen those activities on a basis consistent with the use of resource5. Central staff cosls are allocated on Ihe basis of time spent, and depreciation charges allor2ted on the portion of Ihe asset's use. Support costs are those costs incurred directly in 5UPPOrt of expenditu￿ on Ihe objects of Ihe charity and include projed management r2rried out at Headquarter3. Charitable activities and Governants costs are o)sts incurred on the charl￿8 operath)ns, Induding support costs and costs retaltiig to thè governance ol the chaiily app)rtioned to charitable activities. Siaff salaries are allocated bebveen restricted and unrestricted funds on the baals of time spent. Other costs are allocated on 8 pro-rata basis based on income. Staff tÈrrninatic￿ costs are o¢¢rued at the point that nots'ce is given. Pa9e 24

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies Icontinuedl 2.5 Intangib18 as8¢ts and amortlsAtion Intangibl8 assets costing £500 or rnore are capftallsed and recognised when future economic beneffits are probable and the cost or value of the asset can be measured reliably. IDlangible assets are initially recognisod at cost. After recognition. under th8 C05t model, intanglble 8ssets are measured at cost less any acLumulated arnOr￿s8t10n and any accumulated impairment losses. AmortiS81ion is provided on Intangible assets at rates calculated to wrile off the cost of each assel on a stralght- line basis over its expe¢t&d useful life. Amortisallon Is Provid￿ on the followlng ba51 Website and Database 25% 2.6 Tanglble fixed assets and depT¢clatlon Tangible ffixed as5els ¢osting £145 or rnOTe are c8Pitalised arKI recognis8d when future e¢onomi¢ b8n8ffits are probable arnd the cost or value of Ihe ossel can be MeaSu￿d ￿lI8bty. Tangible fixed a5set5 are initially ￿cOgniSed at C05t. After rewgnilion, under the cost rnodel. tangible fixe¢J assets are measured at cost less accumulated depreuation and any accumulated impairment losses. All co&18 incurred to bring 8 langitAe fixed asset into its intended working condition should be included in the measurement ofcost. Depwiation is chaiged so as to allocate the ¢05t of tangible fixed assets le$$ their residual value over thèir estimated useful lives, u&ng the straight-ltne method. Depr8(iati)n is provided on the following basis.. Equiprnent 25,/0 17 Llabllhles and provlslon$ Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past event, it is probable that a transfer of ¢¢onomic ber)efrt WMI be required in aefllernent. and the amount tsf the seitlement can be estimated relrably. Llabilities are recognised at the amount that the Company anticipate5 It will pay to 8etUe the debt or the amount il h83 received a$ advanced payments for the gtsDds or services it must provide. Provisions are measured at the best estimate of the amournts required to setue the obligation. Where the effect of the time value of money is rnalerial. the provi510FI 15 based on the present value of those amounts, discounted at the pie-tax discount rate that reflect5 the risks specific to the Ilabllfty. The unwinding of the dis¢ounl is recogni5ed in the Statement of financial activities as a finance cosl. Page 25

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIEPI FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies {con*inuedl 2.8 Financial instrumen¢$ The Company only has financial assets and finanual liabilities of a kind that qualify as basic financial Islruments. Basic Iinanoal instruments are initially recogni8ed al transaction value and sub$equenlly measured at their settlement value with the exception of bank loans which are subsequently meaSu￿d at amortised cost using the effective interest rnethod. 2.9 Crttical accountlng estimates and areas ofludyment The preparation of the financial statements requires management to make judgernent5, estimates and assumption5 Ihzt affect the amounts reported. These estimates and judgements ale continually reviewed and are based on exper1eTh￿ and other facLor¥. induding expectatlons of future events that are believed to be reasonable under the circumstances. In the opinion of the trustees there are no significant e5timat¢$ or 8reas of judoement that would have a material impact on the financial statements. 2.10 Pensions The Conwany operates è deffned ￿ntributIOn pension 5cherne and the pension ¢harge ￿preSents the amounts payable by the Cornpany ¢0 the fund in ￿SpeCt of th8 year. 2.11 Fund accountln9 General funds are unrestricted funds which are ava51abte for use at the discretion of the Twstees in lurtheran of the general objectives of the Company and which have not been designated for other purposes. Restrided funds are funds which are to be used in ac¢ordance with speofic restrictions irnposed by dontsts or which have been ralsed by the Cornpany for particular purposes. The costs of raising and administering such funds are charged against the speofic fund. The aim and use of each re$lri¢ted fund 1$ set out in th8 notes to the financial statements. Investment income, gains and105ses are allocated to the appropriate fund. Ineorne from donatlons and legaclès un￿$trICted funds 2021 Total fund5 2021 Total funds 202Q DonatlOn5 Grants 72.387 61.452 72,387 61,452 so BO,233 133,839 133.839 80,283 Total 2020 80,283 80.283 Page 26

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Income from donations and le9acies {contlnuedl Granis indude5 £61,45212020.. £30,233) recgived under the Govemment Coronaviru5 Job Retention Schemo. Incomè from charftable acttvltles Unr8Stricted fund$ 2021 Restrl¢ted funds 2021 Total funds 2021 Total funds 2020 Training and education Incom¢ frorn charitable activit1£5- Olher income Income frorn ¢harilable activities Memberships 158.870 437 115,978 274,848 437 348,678 1,025 3,465 4.144 4.144 163.451 115,978 279,429 353.168 To1812020 258.18Q 94,988 353.768 Investment Income Unrestricted funds 2021 Total funds 2021 Total fijnds 2020 Investment in¢ome- Bank interest receivabl¢ 2,116 2.116 2,351 Tolal 3020 2.351 2,357 Page 27

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analy$is of expenditure on ¢harltable activitie$ Summary byfundtype Unre$trl¢t¢d funds 2021 Re5trfcted funds 2021 Total funds 2021 Total fijnds 2020 Trainlng and education 347,384 115,978 463.342 699,070 Totsl 2020 604,082 94.988 699.070 Analysls of ¢xpendItU￿ by a¢tlvitio$ Acovltle undertaken dlrectly Z021 Support costs 2021 Total funds 2021 Tot81 funds 2020 Training and edwAtio 96,654 366,688 463.342 699,070 Total 2020 214,676 484,394 699,070 Analy$l$ of direct costs Tralnlng and education 2021 Total funds 2021 rot&1 funds 2020 Trainer costs Venue costs Project cost5 Othol ￿￿ts 18.000 240 18.000 240 27,111 51,303 56,927 26.176 73.056 58,517 27.111 51,303 96,654 96.654 214,676 Page 28

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysig of expenditure by activities lcontinuedl Analysi5 of support costs Tralnln9 and education 2021 Totsl funds 2021 Total runds 2020 Staff costs Depreciation General office costs Goveinance costs 287,168 4,622 69,435 5,463 287,168 4.622 69.435 5,463 370,969 5,483 97,053 10,889 366,688 366.688 484.394 Total 2020 484.394 484,394 Independent examiner'8 remuneration 2021 2020 Feès payable to the Company's independent examiner for the independent examination of the Companl3 annual accottnts 4,100 3,950 Staff costs 2021 2020 Wage5 and salaries so￿al security Costs Contribution to defined contribution pension sehemes 260,611 19,226 7.331 333,471 28,170 9,328 287,168 370,969 Redundancy costs of £14,396 We￿ incurred and paid during the year and Induded within the above figu￿9. Page 29

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Staff costs Iconvnuedl The average numbèr ol persons employed by th8 Company d￿ng the year was as fdlows.. 2021 2020 Average nurnber ofemployees 11 13 The average headcount expressed as fulktime 8quivalents was= 2021 2020 Number of staff The number of employ8es whose employee benefits (excluding employer pensK)n costs) exceeded £60,1X)O was.. 2021 2020 In the band £60,001- £70,(100 The remuneralion paid to key rnanagernent personnd during the year amounted to £57,24912020.' £67.3551. 10. Trustee$, remuneration and expenses All trustees give their Ilme fr08ly and no trustee ￿lIUrneratIOn was paid in the year for acting as a trust88, Two trustee8 are also trainer5 and have been retnunerated for their work as Iraine15 in awordance with SAPERE'S temis and condilions applicable lo all trainers. The amounts pa￿d during the year are £1.125 {2020.' £9,330J. The artides of SAPERE permit trustees to enter into a contract for the provision of service$ under certain circurnstsnces provided for in the article5. The trustees have considered the issue of having trainers as trustees and are satisfied that tt would be in the best Inte￿5t of the charity for the services to be provided by those trainers who are also trustees, because it is ol great benefit to Ihe charity to have trustees who are direclty involved in the delivery of training and n bring that expertlS8 to the board. The trustees are satisfied that the Arrangements comply wrth sections 185-188 of the Charities Act 2011. During the year the value of expenses ￿1mbur$ed to the trustees was £125 (2020.. £546). Page 30

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 11. Intangible assets Website and database Cost At 1 September 2020 Additions 29,012 4,920 At 31 August 2021 33,932 Amortlsation At 1 Septetnber 2020 Charge for the year 22,S45 2,295 At 31 August 2021 24,840 Net book valuè At 31 August 2021 9,092 At 31 August 2020 6,467 Page 31

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 12. Tanglble fixed assets Office equlpment Cosl or valuatlon At 1 September 2020 Disposals 28,608 {14,1611 At 31 August 2021 14,447 Depreciation At 1 September 2020 Charge for the year On disposals 23.781 2,327 114.0241 At 31 A￿gUSt 2021 12,084 Net book value At 31 Augus¢ 2021 2,363 AÈ 31 August 2020 4,827 13. Debtors 2021 2020 Due within one year Trade debtors Other debtors Prepayment5 and accrued income 34,164 119 32,240 786 t2,119 5,637 39,920 45.745 Page 32

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 14. Credltors.. Amounts falllng due wlthln ong year 2021 2020 Bank loans 50.000 S,787 1.835 17,497 375,686 Trade creditors other laxalion and soaal se¢￿tY Other ¢￿dItorS Accruals and d8f8rred income 11,393 7.720 29.185 377,837 450.785 366, 135 The bank loan is due lo be repaid within one yaar and incurs no interest. so no interest is accrued on the108n. Of the total deferred income of £493,00412020'. £461,209). £255,99912020.. £295.2911 is unrestricted and £237,005 12020.. £165,918) is restricted. Deferred incorne indudes £363,328 in relation to inwme rec￿Ved for training and conferences to be held in 2021-22 shown within amounts falling due within one year and £129,675 in respect of fthura year$ Shown as amounts falling due after more than one year (Note 15). 2021 2020 Deferred Income at 1 September 2020 Resources deferred during the year Amounts relea8ed from prevrous periods 461,208 320,021 1288,2251 323.321 375.666 (237,779) 493.004 467,208 15. Creditors= Amounts falllng due after more than one year 2021 2020 AccruaJ5 and deferred income 129.675 172,983 Page 33

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETI FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 16. Statement of funds Statement of funds- ¢urrent year Balance at 1 September 2020 Balance at 31 Expendlture August 2021 In¢ome Unre$trtcted funds General Funds 111.297 299,406 {347.3641 63.339 Re$trO¢ted funds Peter Soweiby Project EEF Projed Grant 2017-2020 Welsh Govemment Worfd Ternpleton PIoj8Ct 15,095 71275 24.640 3.968 115,0951 (72,2751 {24,6401 13.9681 115,978 1115.9781 Total of fund$ 111.297 415,384 1463,3421 63.339 Page 34

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIEry FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 1& Statement of funds lcontlnuedl Statement of funds- prior year Balance at I September 2019 Balance al 37 Augusl 2020 Inoome Expendltu Unrestricted funds General Funds- all funds 374,565 340,814 (604,082J Itl,297 Rèstricted funds Peter Sowerby Project Allen & Overy PRU Project EEF Project Grant 2017-2020 Welsh Govemment 9,465 1,411 81,862 2,250 (9,465) (1,411) (81.862) (2,250) 94,988 (94,986) Totsl of funds 374.SS5 435,802 (699,070) 111,297 The EdurAtion Endowment F¢)undation IEEFI projects arg evaluating the eflectivene5s of P4C in sthools. The Welsh Government is supporting the P4C in s¢hcx)Is to help address h8te crime. The Peter Sowerby project Part-funds 12 schools wi North Yorkshire doing the Golng for Gold programme. Al￿n 8 Overy is funding P4C in London East Atemative Provision. For further detail, please see the Trustees. Annual Report. Page 35

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 17. Summary offunds Summary of funds- ¢urrent y•ar Balance at 1 September 2020 Balance at 31 Expendlture August 2021 Income General funds Restricted fund5 111.297 299,406 115,978 1347.3641 {115.978} 63,339 111,297 415.384 1463,3421 63.339 Summary of funds- prior year Balance at 1 September 2019 Balance at 31 August 2020 Incom& E¥penditure General funds Restricted funds 374,565 340,814 94,988 f604,082) (94,988) 111,297 374,565 435,802 (699,070) 111,297 18. Analysls of not assets between funds Analysls of net assets betsveen funds- current year Unrestricted funds 2021 Total fund$ 2021 Tangible fixed assets Intangible r￿ed assets Current assets Creditors due within one year Cieditors due in more than one year 2.383 9.092 632,344 1450,7851 1129.6751 2.363 9.092 632,344 1450,7851 1129.6751 Total 63,339 63.339 Page 36

Docusign En¥ÈlopÈ ID". 24F84314-A4DF4594-874E-5C62ADSFA734 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 18. Anatysls of net assets between funds l¢ontinuedl Analysis of net as$ets between fund5. prior year Un￿$triC￿d funds 202Q Resth'cted fiJnrls 2020 Tof81 funGIs 2020 Tangible fixed assets Intangible fixed assels Current assets Creditors due wrthin one yoar C￿lIOrS due In rnore than one year 4,827 6.467 473.204 I261.￿6) (111,695J 4.827 6.467 639, 121 (366, 1351 (172,983) 164917 (104,629) (61,288) Total 111,297 111.297 19. Operating lease commitments At 31 AugU$t 2021 Ihe Company had commftments to make luture minirnum leas8 payments under nOn-Can￿lIable operating leases as follows.. 2021 2020 Within 1 year Behveen 1 and 5 years 3,979 4,631 3,979 3,979 8,610 20. Related party tran$a¢tlons There have been no relaied party transactions during the year other than those set out in Note 10. Page 37