R•glstered number. 7821030 Charfty Thumb•r: 1144595 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmltad by guarantso) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY WID REFLECTION IN EDUCATION (A Gomp•ny Ilmlt•d by guarantw) CONTENTS Réfèrnn￿ and admlnlstratlvo d•tsils of th• Comwny, Its Tw•ts•8 and advl8•rs Trusteeg. report Ind•p•nd•nt •x•mln•rf• r•port Statement of flnancl•l actMtI•• 2-21 22-23 24 Balanee sheet 25-28 Not•s to th• finantial $tat•m•nts 27-41 THE SOCIETY FOR THE *ThANCEMEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmll•d by guarwrtm) REFERENCE AND *LIIA1INISTRATh￿ DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trusts0s Jack Langlgy. Chalr Flnla Kulmonn Iroslgngd 8 March 2024) Jaannig Coh8n Chr18tlne Hought Gkyy Ekong, Trea8urer Ireslgned 8 March 2024> Dr Amanda Fullord (re8bned 8 M8rch 2024} Paul JaCk￿n Danny MY8￿ {resig￿d 15 Septombef 2024) Ro819 WEI￿n TIM Yorko. Vke Chalr Garoth John (appointed 8 March 2024} Brfan Shayanth¥ako, Trea8uror {app)inbJ 15 Juty 2024) Company rngl*t•r•d numbor 7821030 Charlty r•g18tsr•d nUm￿r 1144595 Rog1*t•r￿ offk• cjo WR Partners LLP Belmont HOLW, Sitka Drive Shrewsbury Bu8lnè88 Pab* Shrewsbury SY2 6LG Director of Op•r•tlons Emma •nd Developmont Dlr•ctor of PhIlO￿phY Grace Lockrobin •nd EdU￿110Th WR Partnèr8 Chart8r8d Ac£ountants 88lmont House Shrowsbury Business Park Shrewsbury ShropshlTe SY2 6LG Bank•rn The Cwrativo Bank Skelmersdale WN8 6WT Page 1 THE SOCIEfY FOR THE ADVANCEMEpif OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (ACOM￿nY IINdt•d by guarant••} TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trusteeg are pleased to pregent thèlr annual report together wlth the finonGlo15tatsments of the Char6tsble Company for th6 yBar from 1 September 2023 to 31 Augu812024. Thg Annual rO￿t seN6s the purpos88 of both o Trustees, report and a dlrectots. report under company law. Thg Tru6teo$ confirm that the Annual report and flnancL71 statsmants of tho charitab19 ￿MpanY comply vlth t￿ curr8nt ststutory requlrements. the rgquirements of the charftabl• compan1$ goveming document and the prOvis￿nS of the Statemènt of ReLx•mmend8d Practl¢e ISORP} appllcable to choriti8s preparfng Ihelr a¢￿Unts In accordance with the FlnanGIBI Reporting Stsndard 8ppllcabl8 In the UK aThJ RepubllG of Ir&kand {FRS102) {offectfve 1 January 2019}. Slncg the Charitable Company qualifios as small under section 382 of the Companles Act 2006. the Str8teglc Tgport required irf medium and18rge comwies under the Companlas Acl 2006 (SlratsglG Rgport and Dlrector8' Report) Regulatlons 2013 has been omitted. ObJ•cllvo8 and aclMtIo1 . Polici•s and obJ•clSv Found8d In 1992 SAPERE IB the Sodèty for Iho A(fvancement of Phllcfjophical Refiec￿on and Enqulry In Ed￿tIon - charRablg mgmbws organlsatk)n that exlsts to halp p80p￿ improvè lfve8 throuGh phliosophic81 enquiry. We In1ro(j￿0 educat0￿ to lh8 Philosophy for Chllthen and commun￿leS (P4CI pèd*3ogy whlch helps 18am8rn to bè crltlcal, uoalN8. C8Tlng arnl col18born1￿ Ihlnkers. SAPERE bellév8 that Iho ablllty to pmoscyhiso ¢an improvo people's leamknJ, thoir liv•8 and the lfves of those grourKI them and that thls Improvement Ss both a per3onal and good. Wa axisl to realise the benefrty of philosophical edu¢aUon as and oquitabty as po881ble and we thocole for these benetlts through rosearch, impact mè88wements and outreaGh. SAPERE traln around 2.000 educ8tor¥ ovory ypar, roathing 56.(N)J ￿ng peop￿ Ihrcwgh thi5 tsaining. This Far we have estsblishgd a fva-ypar strateglc plan that Sots 1)ut the nèxl stage of our dev8lopm8nt. In s8tling obj&￿6$ and plannlng for the T￿￿￿83 have conslderaknn to general guidanc pubilshed by th8 Charfty C(¥nml861on relgting to public b8n8fit, Includlng the gukla￿e 'Publlc bènèffit runnlng a IPB2>'. b. Our eh•rftabl• •)bJecllve• The advancemènt of educa11c￿ for Ihfr publlG benefft. In parucular amongst Ihosa YI￿ng persons up to tho w of 16 ￿pr$, by the promtbn of the d&velopmont of thotr 8kllls In loglcal thlnklng and other phi1080phral tschniquo8 so that Ihalr personal and soc1all￿$S are enrichgd. Wg hav8 dra￿ on our 31￿￿ar hlstory and ￿nSUlted wlih a¢credW tralner8 arKI member¥ of the wGlety to cre818 a new y￿10n statement and a re￿Sed mls8lon ¥tstement. These were 8pprov•J by tho board In 8aty 2023. Pago 2 THE SOCIEfY FOR THE ADvANCE￿NT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A comp•ny Ilmlt•d by guar￿1••> TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ObJ•cllv•s and aetlvltl•s (￿ntInu•d) . Ourvi•lon SAPERE exlsts to help people Improve theSr leamlng 8nd th8ir livas through ph#osophical enqulry and ouraim is to gr¥e them the skllls to thrlve In 8chool and 80dety. Our vision is a fLrture where everyDn8 has Ihe opporiunrty lo engage phllosophlcelty In dlscusslons and publlc di8(xJurs8 that matters to them. that motivates thom to Ik8ten and to le8rn from others, and make5 a diffarance to h¢)w they Ihlnk, feel, speak. and act In the world. We strN8 to realL88 these boneffts of phllosophKal educatk)n as wklgty and aquttably as POSSIb￿, and wg believe that thls Is both a personal and wblic good. d. Our MI￿lOn To establl8h and support 8p&88 for phl(wphlrAI reflgctlon and ￿qUty, especLgllyvA*re )Y>ung pwle gather and leam. To champbn tha praetico of phiknsLyhi¢al dlalwu8 and th8 pcolllv• d￿re￿¥ m&ke to per¥onal devek)pmènt. lifebng Igaming, Givlc d￿coUrse and thoughtful actw. To develop (¥)urses. classes. conferences, mothods and mateiia15 that attrfance phllosophlcal Ihlnklng among laamers and educator8. To f8cilitato research that Informs best pracuce anLf Iliwnlnates our phlb080pNcal work and ils ethratlonal impaGt. To dlreL* our efforts tOW8rds the phlbsophkal educaknn of disadvantaged18amors and the poopl8 8UPFth Ihgm. e. Ourvaluo• Our educatlonal appro8ch develop8 (xlt*41. ¢rgative, c8ring and ￿lIab)rathe thlnklng among laamws. We al80 strbve to embody the value8 of GrlllGallty, Gfoatfvlty. Collaborn￿On and (*rè as a curs85 induding closed (¥)ur8es for spectfic schools and unfvr¥lUes, and courses that attrart phlk)sophlcal educators from throughout the UK and Intemationally. Thls p￿slon comprf8ed 35 old Level 1 course$ arxl 27 new Level 1's. Wo were phaslng out i)ur L8vg11 Toots for ThlnklThJ Togelhor and Insteod offedng modul88, Indudlng EXperi8n￿, Extend and Emb811 P4C (ln p8rtner8hlp wlth The Philosophy Nanl. We also ran our Inrthiate P4C courses.. Thlnklng wilh Naluro and Thlnklng Moves. Thlg latter course Is In partnership wilh Diali¥Ju8Works and h•v8 set up Le&J P4C In pather8hip ￿th them as well for this forthcomlng year. Faèdback from n8w Level 1 has been analwd and 8Ctlon$ tsken kn n88ded to make the ttsJT58 battar for overJr>ne, but 93% delegatss rated th8 delNery of thè course and the couv88 overall as excellent wNh 94% Sa￿n9 Ih8y would r8Gomend the course to others. an incrgaso from In 22-23. Our Iralning was also used In dlfferent herftage. arts. cJJltural and community 8ettwigs Ihis year In partne￿hIP wlth thg Natjonal Trust. The Towner Art Gall8ry and He￿Ord Thgatre. We plan to continue th18 dNetsffication in coming yèa￿. Page 5 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL EPKIUIRY AND REFLECTION IN EDUCATION (A company Ilmltod by gu•rantee} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢hl•v•m•nts and p•rfornianc• Iconlinu•d) b. Award8 Our Schcd Awards offer a comprehonsive framework for doep8nNw pradcé. pmmollng arKI recognl4ng sustslnable P4C. 08sign8d wrth d8ar objedve8 for students, teachers and leader8hlp, our awaryjs 8cknowl8dg8 thelr hard work and commltrnent. Slnce they were plk)tsd In 2012. 310 sd)00￿ have been granted an awar(l. Sthools recognlsa the benefft of owo5ng training: 17 school8 have held an Award for 10 years or more- many of ihem practiclng before the Awards started - and are 71 VA￿ have been ¢Jolng P4C wilh us for more than fve ￿ars. Acrx>rding to our crltsrfa. pupll progress Is delermlned by Ihglr ablltty to construct 8 ts)mmunNy of ph11080phlcal erqulry. questkjn effecthdy, communlcats appropriatsty, advance thelr phllosophKal thinking, and re￿W thelr own progress. Teacher praclice Is evalu8led based on thelr a￿lty to dwolop facilitation skllls. pLgn 16880ns effe¢tiVgly, provple strong leadershlp. and revw Ihèlr own. 8nd thair puplls, p8rlormance. AikllULwlly, we assess thg extent to vthlch P4C L8 8UPPOrted by18aders ac￿SS the whole school through Iralnlng and 8valuatknn. Gold SchooL8 are dlslngulshed ty thelr conslslent monkorfng and evalu￿On of P4C programme8. vthKh indudes tra¢*lng tho Impact of P4C on leamlng outcomes. and th8 Sch￿1 cuMur•, and othos. Gold sd￿13 are C4NnThitted to Invo￿1n9 and communicallng best praclices to parents and the wlder ry)mmunty. In the last a￿doMi¢ year. a to￿ of 34 8chool8 recew an awerd: 10 Bronze, 18 SI￿er and 6 Gold. Th15 y8arw8 have Incre88ed our award hokle¥3 from 77 10 86 and we now havo awa￿-holdIng schcb)b arxoss Er#JlaTKI. Wales and Scouand, Indudlng our first Welsh4peoklng sthcd. We al80 have speclal educational needs schools,. one aEtematNe prowsion 5th001" one fr08 school. three Indewnderrt schools,. irrtemalional #ehool8 and one Brfb'sh overseas school. There are approximatety 30.000 pupiL8 Withln schods who currenly hokj an Award. Thls Ib)o5 not indude numbèr of pupll8 at PLpII refeTrl unlts, Independent schools or Int8rnaUonal W& are In the process of re4ev8loping our ￿Ing for G)Id Programme so that Schw18 can more easity access the l￿850n and b8 supported for Who￿ school lor secondgry departrnentl to develop and malrrtaln advanc¢d pr8Ctlce. We ujrrenty have 21 schools worklng toward8 achlgvlrvJ an wward or movlng up to a hkJhar aw8rd. Pago 8 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A comyny Ilmlt•d by g￿rIn1••I TRUSTEES. REPORT (coKfiNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 hlevom•nts and ￿rfOrnI2nee (cofttlnu•d) c. 8eneficlarf•J In 2024 the school Cèr￿8 showed Ihot 24.6% of puplls are ellglble for free sdwl meals In England- up from 23.8% th& yoar before. Not onsy 55 tha number of puplL8 6lbJlblg fr)r free 8ctrw)ol meals growlro. the gap betrwe th8so pupils and th)se not on freo schtx)I meals is wid8ning. At the start of prfmary school chlldren from low- Income housohoKl$ are 4.8 months behlnd thelr peers in Early Loaming g￿18. the gap gro￿ to 12.2 months at the end of primary and by the Ilm8 Ihe8& pupll8 flnlsh secondary school at 16 th& gap 1$ thg wldest It has been $lnc8 2012- ne8ty 2 year8 bghlnd thelr pe6r8122.7 month$). Research from the Ed￿tknn Endowment Foundation Shows that InteryantK)ns that focus on metacognlthjn, oracy and coll8boration. such a8 phllosophiGal oTh]uty. can Improve progress in lgarnlng lor disadvontaggd puplls from betsveen 5 and 7 nMinth8. Research into our work shows that the 0)gnbtlve. 80dal and emoflonal skllls devel¢Jped thrcvJh ph1bso￿lC8l enqulry can help close the 8ttalnm8nt gap for dlsathntapj leaner5. a5 well as supporting 18arnlng In muNpl& areas 8C¥088 muNlple •ge groups and abilities. It is for th88e reasons that atthough SAPERE worts acr088 811 Schools we focus our work ￿ sehoob that serye the88 underprlvlleged communities. 60% of SAPERE Awa Schools have abova the nallonal averw of puplls on Pupm Prémlum ond l or Frn8 School Meals (a Measu￿ deprivation in England). Out of the schools SAPERE workod h) 202&24. 55% of th8m h8d over the naknnal average of thlldren on PP and 25% of our sclwJols this >par had doubl6 thè nallonal average. The aveTrge p8rc8ntsg8 of pupils on Pupll Premlum aLYOSS schools In EThJlarKI that Wo worked thls year was 2VA. vthlth 18 5% h￿)￿r than Ihe notional average. Thls we have wcrfked wlth 8thco18 In every regk)n of the Unlted Klngdon. and wa havg had delogatss on our cour888 from Au8trdlia. Belgium. Brunei. CambodLq. Greece. Jer88y. Portugal. Chlna. Qatar, Romanla. Sk)v8kn8, Spaln, Ta6wan, Thalland, Tutheyand the UAE. Pog8 7 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlt•d by guar*nt••) TRUSTEE8' REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achl•v•m•nts •nd P•rfOrni•n￿ Icontlnu•d) d. Worklfig dlr•ctly wlth beneflGIar1￿ oulJld• •chool¥ Thls year SAPERE ha5 also worked In Un￿er85t108, museums and p116rl8B. theatres, and hethge 81te8. SAPERE was oommissioned by the Na￿Onal Trust Estate to work wtth staff volunl88rs al Ihoir Attingham Park Eslate. Thls work gmpw phlh)sophkal enquiry to axplore contestabl& L8sues r818td by the colonlal htstory of Attingham's arthrt8clur8 and artefacts. The projecfs alm Is to promote a culture of dLibgu8 in thè Natlonal Trust and lo encourage rlcher dlscu$8Son among stsff, volunteers and wsitors. Staff from Keddleston Hall lolned Alungham stsff In two days of bespoke training in 2023 and the project continues in 2024 wlth more oxtsn81ve work wlth volunteers. SAPERE worted with H8rtford Thaatro (rw)w Beam) aThJ Th88tr8-M8ker Gordon Poad, to red8veknp Dramalc Enqulry, a fvslon of prC￿$S drama and P4C. Worklng wlth partners. Trastle Theatre Company. Tangled F8et Theatr8, and tttal prlmary, secondary. FE and SEND prac1ilio￿r8, the project oxplore(l the use of Dramatic Enquiry to devekjp ag8nGy, promote wellbfrlng and suppclt transhlon. The flndlngs of the proiert will t• publish￿1 by researchers from the Unlvorslty of Herttordshire later th18 year. SAPERE wa5 well represented at Whgn Thought Takes Fbht- an evenlng of publlc phlk>sophy at She￿￿d.6 MIIIBnnlum Gallory wllh 200 partlclpants att8ndlng an evening of free philosophlcal enquhy 01 the gallery run by SAPERE-trained facilitators al Think Togelhw Shefvld. The evenlng was fvnded by The Soriety for thg Furtherance of Cr6tltal Phllos4ihy. We al80 worked Tool8d-Up Educath)n, runnlng w8blnars and blog8 for pargnts on havlro phik)sophical conv8rsatlons at home. A8 Part of thls now focus on parents. we have also fac1llta1￿ phllosophy sessioro ft parents 8t one of OurA￿￿rd Schools. In 2023 SAPERE piknted lunch￿mè and after-school dub provl8lon ¢)ffedng thr68 clubs for chlklren from Y1-Y6 In 8(xrth York8hlre. Th8 pllot paved the wayfor more dubs In 2024. All thls work Is part of our mission to champion the prafAkg of phibsophlcal dlakgue and the p081tlve dlffernnce can make lo pgrsonal deveknpment, lff8long ￿rnIng, discourse and thoughtful 8Ctlon. Paga 8 THE SOCIEfY FOR THE ADVANCEIAENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A Com￿nY Ilmlted by guar•nt••l TrUSTEES' REPORT I¢ONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achlevom•nts and p•rformance {contlnu•d) •. M•w CoJl•bor•tlons P4C.com - subscrfb6r $5ts that Is thè resource hub for Phlb)sophy for ChllJrgn, wa6 gif(ed to SAPERE IhlB yeor to safgguard. enhanoe ond expand the websitg and rasources into future. As part of SAPERE'S now emphasis on cdkb0r0￿n w& workod ￿1h tho P4C co-opgrativo to bring tho resour(* hub under SAPERE'$ CU8todi8n8hlp. Both oryanisations jointy b8li8ve that this is the best way to ￿nserVe aThJ bulld upon the 1&3a of the P4C CootW8tlvo, 8s well as lo extend th8 content and broBden th8 reath of th8 Ibrary ltsew. For exlsllng subscrfbers. there was no Inte￿upU0n In avall*lMy of re50urce6. or any adveTSO impact. On thg Contrary. we h8ve Integrated SAPERE'S pre-wsllryd rosour(* library and from the restyJrc8 collections of our partner organIsa￿On9. along ￿th brand new materlal- 811 under the 8￿8￿ng subs￿P10n mc#J81. From April. P4C.com becam8 SAPERE'8 primary rB8ourGe offer. gknng both new and B￿StIng Subscrfbers a greater range of relevant rg¥ources and offering unr8gistered visitors moro free materfal. Drawlng on Its decadgs of P4C development. the expek11se of tralnern and pradtloner8. and worklng In parlicular in 8 new Pfirtnership Jason Buckley and T¢)m Blgglestone from The Phllosophy Man. SAPERE ￿)nlInue to slgn6flranty èxp*nd th8 numbèr and dlvèrsty ol résourcas on offèr at P4C.com. markat th8 resource to new 8ub8crlbeT8 8nd Incorporate bt into tho tralnlng and supp)rt alrgady offorfyJ to sthoob. This new 8rrarvJgment witl also help 8xtend the reach and coll8t￿ratfve na￿re of P4C.com by prO￿d1Th3 training on others can develop thelr ovm resources and submll them for Indu$1￿ on the 81te. It was 8lwwB possibl• for any pr8cliUoner to 8uixnS1 rgsourc8s to P4C.com. bul we nrAv offer o n8W tfalnlng and free weblnars to supp)rt pecple to submtt hlgh quallty materlal to our edltorfal boat(I for Indusk)n. We wll ma￿taIn the high stsndards eslabllshed by P4C.¢x*m to producing Irled and teslgj material. Thls chaptw18 POS81￿8 because of the th0￿h￿l1 work that has gong Into ixjth the creatlon of resources al P4C.com over many yBars. and the strength of th8 m(vJel - under wthlch for a low annual cosi. sUb￿bal8 a ab￿ to a￿9S5 a growing wealth of rèsources ensurtTrJ resource-creatrys arg pioperty compensated for theor work. We woukl Ilke to thank Steve Wllllams. Roger Sutcltffe, James Ncrttingham and Kay Wlllkgms for all the work tsy have done In malntalnlng P4C.com. and for them gfftlng th18 resour¢e 8tte to SAPERE. Wo also worked ￿th forrner SAPERE trainer Rithard Grye on The Bulldlng Reslllonco to Extr•mlsm thmugh Enqulry IBREEI Proloct wthich was originalty iniliat8d in Gr&*r Manchester as a responso to the murder of Jo Cox (June 2016) ond tho attack on the Arfana Grandè Concèrt at the Manthester Ar9na {May 2017). A pilot 4)urso ran durfng lh8 8cademlc year 2017118 by a partnershlp group of Phllo¥ophy for CNhJren (P4CI trainern. wtth complgmentsry oxpgrtbe In PSHE. citvzenshlp. olobal and antiracisl educaknn, and P4C 18ad tBachBrs In Greater Manchester prfmary and secondary 5th￿1$. The programme comblnes P4C methodokngywith the BREE teathing gnd 198mlng re8wrc8 lo empov•pr prim8ry and secondary teachers to dgvelop thglr puplls, ullcal thlnklng and deep8n Ihelr underntandlng of 8xtr8mi8m and terror18m. New vorsksns of some of the key ath￿9$ wore doveloF*d In 2019120 to rèlevance of the reS￿r¢0 in London and have been funded successfully in London sinco then as part of the Mayols Shared Endeavour Fund. The prolect has been subsequenuy fLFnded through this fvndlng thls we were ab￿ to offer th18 tralnlng to SAPERE 8chool8 after worklng th Rlchar(I lo en8ur& the cour88 met our quolty 888uranc8 mea6ums for the new prof088tonal18amlrYd pattN¥ay. The o)Uf8es Ylll be run In the 2024-25 a￿arnI0 ￿er. This year SAPERE rfrpinod th8 Falr Educallon Allance, a fX)alltk)n of ￿arlY 3thJ organlsatk)n8 tsd(Ing Iroqualty In educ8tk>n. W8 worl( th our partners at the FEA to ensure we am dev8loplng bgst pradce and Wo￿ng wth olher8 to 8UPPQrt collgL*lve acllon to Impvova leamlng opportunlUeB ft>r the rrwJ¥t dl8advantsged. Pago 9 ThE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA ¢omp•ny Ilmlt•d by gu•rnnte•) TRU8TEE8' REpoirf {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 AGhlw•m•nts •nd p•rfomMnc• (contlnu•d) f. R•vl•w of Actfvttkns St•fflw and tr•lno W8 have in plac8 7 staff on 6 hours and a c(￿DIrectOrShIP mcdel. The Sharfng of oxecuvve respons11￿11¢19S be￿￿en the co4lrectorshlp ro￿8 rapre8enl8 a slgntficant strateglc management dedslon.. and whle thls 8rranggment Is not th6"rwm' for tha 8ector, the Trustses b8llave the structure Is rfght for SAPERE, meellng OUT In need8 of maintsining an efficlent and eff￿￿ve traSnlng operations for eame(l incoma And dgliv8rin9 on our mIs￿on of advanGiry philosophlcal enquiry in education. In 202>24 we reduced our staff frorn 8 to 7 88 th8 communlc8Worrf and advor•i manager rolg was ab80rtJed Into t￿ core team, wlth eath pèrson I8￿ng on r88pon8lbllty for the wgbsite and (y)mmunlCa￿ng thelr own ar8a of oxporUs8. The foll￿n9 new roles were a$￿gned to currenl staff, designed wllh tho Charitsble Companys needs and staff development in mind: Emma Leeson became Training and Resou￿8 Lead, Melan18 Todd becarm S¢hools and Propct L8ad. And Davhj Locke becamo univer￿￿5 a￿1 Confernnce Ci>ordlnator. Grac8 Lo¢krobln's lob Utle was ar￿nded lo Dlrector of Phllosophy arKi Etlucatlon. Our pathway to b￿0￿ 8 tralner 1$ boing UFAlated and we have startod to bring some r*oplè through the process thi5 year. although dldn't compl818 Ihe registrallon of any new trBin8rs in 202&24. Some okl tralners have r&eng8g8d with u$ 80, daspito gome IT8inern retlrlng. ￿ dld Inrxease our number (rf reglstered tralne from 35 to 39. Tho Trustees would Ilko to ihank all our stsff and traingrs. past and presenc for their eommltmènt and hard V•Y>rk whith makes such a dlfference to the communit￿$ WO SaNè. Our k•y athltl Through our krK>wledge, experience, experusg, peoplg arKI partners we pro￿de thg foll(MryrvJ actNiti8s: Training: we provlde prof8sslon81 d8velopm8nt for people through our p8thwayof qualltwsurgd course8, indudlng tralnlNJ pwjple lo tr81n 8nd support others to do phllosophlcal 8ryuIry. Experl8nces'. oxport fadlttatorn lead regular ph1080phy sessions. or onw)ff workshops In dlfferent setungs. Awards.. we rgwwlse excellm In Indlvlduals and education•1 In8tt1uUDn8 throLvJh ourAward8 aThJ Fellwships. Programme8'. we help educ4tlonal Inst￿J10n$ to dgv8lop a cuttur• of phllD8OF*kal Cx)nverSath￿ through our packages ofsustakned support for sthoDL8. Parts)er$hlps: we secure the future of th11080phl¢al educgtion thmugh our partnersw ￿th ￿￿¥8[$1163 and other allled organisations. Re80urces: wg develop and pmvld8 re8ource8 that respond to the nead8 and Interests of students and teachers. Re888rth: we f8dlltst8 resaarch that Infomw b88t F*adce, Innovatos, and illuminats8 our phik>sophical WO￿ and edU￿tional impact. Projects: we develop and Igst new Ideas and meet slgnlficant need¥ through our funded proJ8Ct8. Communlcalk)ns'. we raise awareness of phllosophlcal educatton by publlshlng 8rtlcla8 In magazln68 and loumals. 8p8aklng al natk)nal end Inl8rnatSonal events, and c8mpAlgnlng. 10. Nety￿rks.. we bulld and support our communlty of pra¢AitK)ners ty hosung events and nets￿rk groups. Fundraising: we ralse funds Ihrough indiwdual gI￿ng, membershlp, proprt work. (Includlng Research and Devoloprnont) and Core fur¥Jing. Page 10 THE SOCIEfY FOR ThE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A COMp￿Y Ilmlt•d by gu*ant••) TRUSTEES. REPORT {COP¥tINUED} FOR THE YEAR ENDED 31 AUGUST 2024 Achlgv•mgnts and porfornianc• Icantlnu•d) . Plans for fulur• ￿rIOd Our alm Is to g￿0 everyone the opportunity lo develop. through phllosophy, their ability to Ihlnk well for thems0￿ arK1 wlth others. Improvlng th8lr Igamlng. thelr lfves In schcol and 8(xg8ty. helplng to create a more equwle world. Founded In 1992. we are now rgaching the end of the 81Tat8gic plan that was set out [￿l￿Vid takSng us frDm 2022-2025 whlth olmed to.. Makg SAPERE sustalnable through sales and markoting. rfr88898slng ￿urse dellvery, deveknplng now P4C mctydeLs. and devlslng an incomo stratsgyto indude fundralslng, partnershlps and ￿ller range of P4C 8eMow. 2023-24 Upd8te.' Marketlng and Bal8s have been dlfflcult vAth cui8 In education, bLrt we are making progress. our courses hav6 been. and will o)ntlnue to be rfrdevelopad. we now have a fundralslng slrdtegy to build on and are delivering a rang8 of P4C seths in drffergrt sectors vAth new and old parfners. BuNd a call•glat• SAPERE P4C i>)mmunltythrough Trbulhjlng tralrer reLqllonshlps. cr88ting and grovthng s¢hcrfJl nglworks, (rel engaglng wllh ITE pathers and provldgrs, r￿Stabl￿hIng 8nd growlng SAPERE membership and donatlons, dgveioplng a Felknvshlp Sthome, and onwdng the SAPERE (x)mmunNy Is db4er3e and inclusive. 202&24 Update." Tralner relaVon8hlp8 have been rtrbullt and work to re-establL8h and grow MISt￿ShIpS In Htqh8r Educatlon 1$ well undepway. Our schoots, nptwork Is also growlng. Howgver. our memb8tshlps and dona￿n$ have not developed as we wwld Ilke. wo also need to eontlnue to work hard to •nsur8 our ¢ommunlty l¥ ￿￿OrSe and Inclusive and to trlal the Felkyw$hip Scheme. Ral80 SAPERE'S wofile and Improv• P4C adVa￿¢Y through artlculatlng beneffts of P4C. agre8ing key ad¥oca¢y messages, moblllsing the (¥)mmunty. parUdpatlrvJ In wldgr nelworks, and Id8nttOng and reCru￿ng Inlluenc8Ys. 202&24 Update.. We have artfculated a new vtston. mlsslon and alm8. produc&J our flv¥t impact reF<#I. wrftten a new theory of thang8. devd0￿1 web pagas and mart¢8llng m8terfat8 that arilcul8te our new messages, products and servkes. and we have ro￿X)n￿8¢1¢d wrth all Patrons and k8y8takeholder8. We have been prt8ent at major cOntsTenC￿ ￿thIn P4C and beyond and wg are mDfo 8c*ve in ¢xacy clrck38. There18 Stlll work to do lo devejop our Infiu8n(x In vlder nelworks and lo Ident￿Y Infiuoncers. We aro now IcKl￿n9 al a knrygr4gnn stratogy over fve years whhth has thr8e overarchlry $trabJlc pdorftl88 that work togethor to create • su*in•l)h, g•tsbll¥h•d and forwarf4ooklng ory•nl88Oon that woths In ngw way8 ertl wlth newpartn6ts. Th888 threè priorilEes ovodap aTha support eath othgr, Interflnklng arKI ddvlng ￿aInabl1ty and thange. Stronyth•n To ensure ourfinan¢l81 efficl8ncy and lorwm 8u8tainabilty. wa nogd to consolidate what we opgralonalty, by Implemenllng better lechnokwy,, 8yStems; and fundralslNJ and markedng strategies. Wo also need to ensure that our off&r is of the hlghasl quallty. whlch mean8 completing tho r•Jeveknpmart of our new professlonal leamlng pathway. fallow8hip schemos and awards and See￿ng gxt8mal accr8dit&tion. Cruudly, we to be Sn organwtion that more peoplè recognlse and trust. Th1$ requlres a rebrand and the Implemenlatk*n of polkles that will make us mro gquitable, dlverso and Pagg11 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLEGTION IN EDUCATION IA compary Ilmlt•d by gu•rant••) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achlevementh and porft)rn￿n¢• (¢ontlTru•d) inclusive. Collabornts Havlng rnade goc*J progrBss on rebulldlng trust wlthln thg tralngr commurdty and re(XJMeL4ing ￿th allled organlsatlons. we now need to collaLK)rate more effedvely to support our advocacy. markellng, fundralslny, resoarch and devebpment. whlle avokllng wasteful compelthon. Most Importanty. rAtrllaiKiration will help us reach more teneficlarfes, partkularlylhe most di8•Jvantaged. To 8chlave this. we must forge ngw 8trategiG rebllonshlps ￿th organlsalons that shgro our alms. attract now palrcns that refle(* SAPERE'8 dfv8rslty and ambltion and Invofve more contributors In resourcfrcrgation. With tha a$plMUon of becoming an umbrella organisatNJn for P4C, we should also fadlrtete collaboratlon betsveen membern ofour schools and univ8rsits8s ne￿OrkS. And as member8 of a m￿h larger communty of praclce, w8 need to work dosely pathers to halp u8 lobtyfor ph11080phlcal ￿ul￿￿On at tho hbJhos1 lèvél vla an Al￿pa￿ Parllamentsry Group {APPGI. Inn¢)vat• We n88d to think amb611ousty 8trK&Ut now servioes and new audlences fDr our wcfk, raposldonlng SAPERE as a 501uUon to uroent needs, espoclally for dlsadvantaged groups. We must encourage th9 tsam. trustees and traine￿ to innovats with us both In s¢hool$ and beyond schools. Innovalon L roqulrgd operationaltytoo, we mugt explore new streams of reV9nu￿9n0ratinU aclfjvlty such as coachlng 8nd rwJourweatKJn and new worklng relatK)n8hips ￿th individuBL8 and InstrtulKTh Includlng rol88 for P4C Practilioners, Fellows and Con¥utl8nts 88 well as TraI￿r5. Flnalty, SAPERE musl drfvo innovallon In the pr8(A￿S of phllosophlcal gjucatlon. athpting plurallstlc and evklencfrbased and apprDach68 that are drlven by the desire to achieve our charitable mi3sion. Flnonclal r•vl•w a. Golng Gonc•rn After maklNJ approprfats enqulrth, the Tru8t888 have a r8880nable axp8ctsJon that the Chadt8bl8 Company hos ad8qua19 resources to contlnue In ￿ra￿onal exlstence for the for8seeoble fubjre. For thls reason. they conllnue to adopt the going wncem basls preparfng the financk41 statemonts. Furthèr d8tslls r￿ardIng the adopiKin ofthg going concem t￿1$ can be found in th8 Accx)unling Folic￿. Page 12 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlt•d by guorant••) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 b. Surplu•, Inmmo •nd •xp•ndllur• The flnanc05 ofthe Charttablg Company have remalned stsady thls y8ar. In the year to 31 August 2024. the Charllable Company18 reporfng 8 deflelt of £12,995 wtth totsl funds carri8d forward at 31 August 2024 of £110,246. Total In￿me Increased 611ghty over tho p￿ou8 year from from £416,195 to £430,529. DirBLt costs wero slvJhtW reduL%d from £143.038 to £140,622 and overtwds were Increased from £270,191, 10 £302,￿2, 185S than budgetsd wth a doc¥oase In empbymènt and marketlry c08t8 bLrt Increa888 In admlnL8tratknn and flnance (>Jsts. Totsl expendtture was therefore Increased from £413,229 to £443,524. Income from donalons is £105,173 which indudgs donotions recelvpjj as part of conference Ilcket salbs to dats, Ecdasiastical Insuranc8. All Souls CcAleg8, and d￿ationS to our new Wonder Wander campalgn sel up In July 2024. These donauons abo Ir￿lUde a legacy from Barbara Robson who pa88ed away In eaty 2023 of£103.006. Fornw Pr8$Id￿t and one of SAPERE'S founding m8mb8rn. Roger Sutdiffe says. 'Barbara was one of SAPERE'S e8rll8st and 8tsunche8t 8UPPOrtern. Sh8 was retlrnd wh8n Ihg Soclety was nded, h8￿ng twn bom In 1930. We thlnk she was a stxlal worf(8r by prof888kin, but Saw very clearty the value of, and neod for, phIlo￿h[Ga1 irNuiry and dialogue in society at large. Sh8 was a regular attend88 at SAPERE conf8r8ncos through the 1990s and W a gontlg bLrt perslstsnt and FAry8tt1¥8 mannèr 8bout her. I was very 80ry to hear of her pa￿￿￿." Wo know peopl8 have a lol of ¢hoicgs when It comgs to donallng and we aro vary graleful for all tknatknr rec•ived hglp sustain the organlsatl()n and the communltles wa sarva Page13 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY W4D REFLECTION IN EDUCATION (A company Ilmltod by gu•rnntee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Th• prlnelpal soure•• of funding The Char6t8ble Comp8ny th8 followlng 80urce8 ￿fUndIng. tralnlro del￿ered to sdKJoIs arKI indiwdua16 on a Self-fundod basis,. training dalN8r8d to Sc1￿j018 w￿￿1n a prO￿¢t funded at least In part by a thlrd party (schools general fvnd at18ast part of the costl vAth the thlrd-pety fuThdlng rethcw to the purpos88 defined tyth8 pa￿￿￿lar grant agreemgnl. unrestrlcted éonaJons- core fundlng from Trusts and Foundalions" working tJirgcUy within communty or school 88lthYJs, pold f(Y through fundlng or sthools I Indlvkluals,. membgrship of P4C.com our resource library. Th8 Peter Cundlll FoundaUon has supported SAPERE In the past and thls year granlwj us £50,0(KJ unre¥trictsd funding per annum for the next three years. We arn extremety grateful for this unr8strictod funding. A grant of £3,000 was g￿en by tho Phlk)sophkal Educatlon Sodety of Great Brft8ln ￿lch was p(rt towards our Annual Conference, thls J*ar held at Brbstol Unfv8rslty on Saturday Novombgr 18th. A numb8r of r￿t￿cted Income funded projects complgted th18 ￿ar IncludlNJ £3,829 furKling from Pgt8r Sowerty and £44,026 from our Thinkirrfj Together In Scionc8 and RE Templèton Wthj proJecL Restslcted InoJm8 lh& yBar also Included £5,519 fundlng fmm th8 Councll England, vla Hertk)rd Theatre for our Dramatic Enquiry project, arml IrelarKI'8 Dopartmenl for F<>reSJn Affalrs, Recondllatlon Fund via Guth Gafa awarded us £4,LKJO for the Thlnklng Changes. p￿￿ect- where wè worked vAlh The Philoscphy Found8tion on resour￿5 to accompgny the film y￿ng Plato. d. Inv•stm•nt pollcy As of 31 Augusl 2024. the Charftable Company had £120.112 In c8sh. whlch r8pras8nts both the Charitab CompaW8 fund8 and income r8ceNe(l in advancè. Ca8h Is spread acro88 a number of UK regulated banks to mlnlmlBe rl3k. The ￿$h Is avallable on demand from th0$6 banks. Wlth the focus on mlnlmlsing risk and making sure Ihls L% avallable, Investmont ratums are relalivety kiw. arKI no target is sel for Investment rglurn. Paga 14 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmtt•d by guwantm) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 •. R•#•rv•s polley SAPERES flnandol FQ5111on has rornalngd stOody over the last ￿JupI9 of yaar8. wmh tot81 funds on the balon Sheet (caprtal and reseNas) currenty standing at £110,246 in the year ende(131 August 2024 aftgr a loss was madg in this finanoal ￿r. The Trustees. policy son￿ the 201&18 financlal year ha$ been that unrestrlcted rK>t COFnmittetl or inve8ted In tsnglblo flxgd assets hgld by the CharStabl8 Company Sh￿k1 bg suffldent al all Ime6 to dl8ch8rgg fully the Charftable Companvs IlabllKkn$ 8ThJ alknw an oryjedy wknd down. In addluon, In 2017-18 the Trustees refined the Polw to Indude al80 a fijrther amour)t of 5% of b￿￿ted turnover In onlgr to protect agakn8t pradkted and actual r18k offuture fijndlng dlfftulueo. re8erve8 poll￿ L8 therefore to hotd unre8tricted reserve8 In 2023-2024 of £99.366 made up 01 £78,611 lor th8 ordertywind down and £20,755 fortho additiond 5%. The wrrent totsl funds shu*n In the balonGe sheet amount to £110.246. Tangble and IntsrKJlblè Ilxed assets omount to £5.842. gknng us reÈeNes of £104.404. Thls meons thg unrgstrktsd r08errfe8 thver our vAnd and salary ¢>)sts for 3.5 mcrtths. The reserves wll need to bfr maintsined around their ￿rrent lovel of 3.5 months as w6 anlicipate the reserves requlremenl IncTraslng In future )Ears. Thero are gnough unrgthrted re8orvos to me81 our currgnt ￿rfnd d¢yAffl needs Mthkh has bogn factored Into assesslng thg Charitoble Company as a golng o)n(*m. f. Hnanclal rfsks unurtalntlgs Thg most Signifi¢￿nt orwlng for Ihg f(wlhcoming ygar is th8 financial wessuY• on schools, budwts and teachars haviry littla tim8 to und8rtak& tr8ining dug to wothoAd dgmaThls. Schools conllnue to faGe a finandal Squeeze and monles for staff members. ￿n￿nuIng Pfofe8sk)nal devolopment ICPD) are oftan cul to pay for other 088entlal spgTrJ. SGh)015 arg ￿Jr maln source of Income. We 0)n￿nue to Invest In ￿$toMer 8ervlce8. a￿0c￿ and resgarch to ensure that we ar• maklng tho case for h&hquallty suslainable P4C. The Tru8tees c*nfirm thal, vi vi8w of the forecast future p8rf(ffm8nce and futher acbons avallable to I tru8tees, the Ctr*rlt8t40 c￿npany18 a going con¢*m for at least trffjlve months from tho dale ol approval of the accounts. structUf•y govornanc• and marwJ•m•nt ¢0Th8lltutlon The Charltablo Company i¥ in(y)rForated ￿ a cx>mpany limited by guarantee. The gwmlng drAwments are th8 Memor8ndum and ￿*¢le8 of Assodallon. Pago15 THE SOCIEfY FOR THE XIVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION EDUCATION (A COTryMny Ilmlt•d by guarnnl••) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Struclur•. and manag•m•nt (¢onllnu•d) b. M•thod$ of appolntment or electlon of Trustsgs The manag8ment ol the Charftable Company Is ￿ respons￿lIty of the Tru$te88 who arn ele¢ted ond CO￿pted under the terms of the Tr￿st deed. At thg AGM on Friday 8th Marth 2024 m8mb8rs voted on upJating the dotsils on Quorum5 at AGMS so that vollry Can te held online ès well as In pernon. Thts followed the guld8Mne8 from the Cha￿ty C0mmL8s￿n on how to albw remote attend8ncg at General Meellng8. M8mbar6 8L%o updaled tho Quorum from 25 members or 20% of thg mornbership {whkhever18 the lesser) In line with the calling of a general medng from members. A special resolullon to chan98 artld68- requlr88 8 mjorlty of 75%. On Frklay 8th Morch at the AGM had 13 members present and 18 proxy votss. taking the total to 31 votes. All were In favour, excopl 1 abstention. meaning a 8￿cIal resolution majority Quorum vote was pa3S8d. The Charflable coM￿nY has a board of up to ten tru8tee8ldlrector8 who ffllnlmum of four Ilmes pèr and are wpon$lbl8 for th6 straleglc dlrectlon, pollGy and overslghl of the Charitable Company. Thg Twstees havo a varlgty of professlon81 ba¢kgrounds relevant to the work of the Charttablo Company. Trre are olso a numbar of standing Subc￿mMItte88. fomed of truste&s aThJ Stsff, c¥)verfrwJ Flnan¢e, Rlsk and Govemanc8,' Fundraislng 8TrJ ComMunlcatknr￿', PeT3onnel; and P4C, Tralngrs aNJ TralnSng. Ail hoc 8Ub￿rnM￿tees arg 81so formed as necessary to addres8 8pecmc188ue& Trustees must retlre and stsnd for rfrelectlon ovory three The A￿deS of A$￿￿lation F*ovid8 for 8t188st Seven trustse8 to ekct8d at th& AGM, and a further three tru8taes to t* appothte(I, If 8pproprfate, by the Trustees. Tru8tee8 elected at the AGM must te r￿0Mm9nded for e18caktrn by the Trustee8 or nomSn8tgd by two m8mbors. In 2024 we hèd new trLtstees come on Board and reswJnations that were not expected. Golng foThv8rd we havo 8taggered Irustees loinlng end reslgnlng dat08 from ts Board 80 trAt tt 18 able to 8UPFlIrt and gulde the Charttable Company w611 Into the future. Our longest stsnding trusts8 Joannlè Cohgn 19 to Yom8in in plaee unlll mkl 2024-25 ￿11$1 we )Ind a 8uttabie roplacgmgnt. Jack Langtey Is our next kingest stsndlng Trusloo, having jolned the board In 2018. and ￿11 remaln in p￿ce until 2027 as Chalr. All other tru8lee8 have ￿ined Ihg board at Vgricrtts times slnee 2019. We havo put In placA a Trust88 Laaving Questionnalre to h8lp m￿ltOr aTrJ guide Truste8s on suppjrting th￿r fellow Board Member5. We have also adopted the use of Advisors to the Board. thls wlll be a F4ace for lom￿r Boar(l Membgrs to bo able to offer Ihelr seMces on an ad-hoc b88i8 when their skllls are needed. wlthout the fomial commitment of belng a Board Mamber. It wlll a180 be a pLgce whfjro fLthr8 Boprd Members can sf( to flnd out rnore about the Charttablg Company arKI the way It18 run. Pago 16 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION c•M￿nY limil•d by gu*r*nt••) TRUSTEES. REPORT {CONTINUED) FOR THE YE*JI ENDED 31 AUGUST 2024 Structur•. g0￿ManCe and manayomont (conllnued) ¢. Govom•nc• alms Th8 Tnts18￿ hav8 had a numb8r of k8y g0vem8￿ alm8 durlng thls pth10d: To review arKI manage the financial impaLts on tho Charitsblo Compony durkng thg challanglrwJ yraung ircumstan¢gs over the year. To continualty r￿eW and P￿rn for the ftrtLre. tsklng Into a¢￿￿nt potentral rfsks and uncertaintywth parbcul8rfocus on 8nsuring th8 Ch8ritabl8 Compony remBins 8 going concem. To ensure that the Chathabb Company follows au 8lem6nts of apF41cable and regulallon. To ￿ntInue lo oversee the updatlng of SAPERE'S admknlstratlon, managemont Informath)n, w0b4to. and acctwntlng and pract￿$. To asslst the flow of Infomialion and pur8Uit of the Board's strat￿Y Sncludhw by attendanc8 of trustees at events 8uch a8 conferences, events, consuhafjon m•el*¥J8 and o)mmthe me6tlnuB. as w811 as now offerB, such naw pathway of cour888. To Increase ts)clu8lon and dfversmy Ihroughoul the oryanlsallon. To monitor th8 composiiion and practi￿ of the Board ofTruBtse8 and ensure thatthgy are In Ilne vlth current legIsla￿On and b8St pracllce. To monltor aThJ 8&8e88 the rfsk reolster on an annual b8815. To cthilnue to Improve th6 organISa￿On'6 8afègu8rdlng wacle88. We bglm that the current board h88 a balarTh and of skillg and exporJgnc• and that thls supwrts the Charita￿e Company effectivety. Page 17 ThE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A ciwnpany Ilmltsd by gu•rnntse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Stru¢turn. gov•rnanu and m•nty•m•nt (contlnu•d} d. Pollcl•s •doptsd for Inthctlon and tralnlnq of TnMt• Thls ya8r wo appolntsd r￿W trustees vlth the skills to be able to ￿ntInue to support tho Charitob Company. and had three reSIgna￿On$. In Marth, Glory Ekong. Amanda Fulford and Fknla Kuhlmann left the Board aThJ qu81ifie(18olldtor Gareth John was appolnted all at ¢)urAGM. Br8ln sh8y8new8kolol￿l thg Board as Tr6a8urer In Juty. All new tru$l80$ are required to meet wlth the o>Dlrectors, ts Chalr and exlsllng trustees to uTrJerstand the ethos of tho charitab￿ CoMp￿Y and thelr responslblllyes, to 18om #tout the alms and obfrctfv88 of the Charftsble Company arKI to ha￿ an opportunity to ask que8Uon5. AJI new Iru8ts88 are also Invw to meet the Staff and to attend COUT8eB arKI confer6nc88 run by the CharKoblg Company, The Chalr and Dlrectors of th8 Charitable Company ensur• Ihat 811 trustees are fumlshed wtth key govem8nce documents, including the Artlcles of Assoclatlon, 8nnual rep)r( financlal pollcle8, 8nd other relevanl dtxuments. These Bre 8uppkniented wlih bwklets from the Charlty Commis4on that outline g8nor81 trusts8 re8pDn8lblltho8. In addrtiDn, rf any trustee has any sP￿￿1C rnsponsibiliti85, Ihoy are Supported by Ihe Chalr. exlstlng trustees and Staff to ensure they have Sufficient knowledge. skllls and Inf0M)a￿On to fu￿1 those respons￿lI1￿8s. The Tru81888 Ytho 8erv8d durfng the ygw %wro #s follows.. J6annlè Cohen Gkjry Ekong, Tigasurer un￿1 March 2Q24 Amanda Fulford untll Mar¢h 2024 Chris Houghton Paul Jackson Gar8th John from March 2024 Flnla Kuhlmann unld Marth 2024 Jack Langloy. Chair Danny Myers Brfon Shayanewako appolntsd Tr088urer Juty 2024 Rosle Wllson TIM Yothe, Vkg chairf￿rn May 2024 We would like to thank In￿88 who h8ve left the board IhlB y￿r for tholr ￿ar8 of s0￿Ce and su￿Ort to SAPERE. Pago 18 THE SOCIEfY FOR ThE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlt•d by g￿rIn10•) TRUSTEES. REPORT (CONTINUEO) FOR THE YEAR ENDED 31 AUGUST 2024 Structur•9 gov•manc• and maMgom•nt (contlnu•d Rlik m•nagwn•nl The Tru8tses and Op8ratlon8 Dlrn(aor have prepamd a ￿sk regtstèr of the major rfsks to all areas of the Charrtable Comp8ny and thls is revlewed and upd8ted each year. MIUgalksn¥ to thos0 rfsks are Identlfi8d #nd Impl&montad,' th￿6 mrt1g81￿ns Indude updatsd procedures, sy6tsm6, proc*88e8 and o)ntroL8. Managemonl updatss indud0 koy rlsks whith are dI￿$S0d at t#)ard meetin￿. DlsGussions about rtsks tthik pl￿ gt every twstee meetlng. Th8 Tru8t888 and the offkers of the Charftable Company have conllnued kl ensure that fln8ncW contrijls ara in plgco. W8 revlewod th068 ofg9S OS pwt crf the preparafjon for and wocess of tha Indapendent gxamlnation. The most signrfiGant ongoing rlsk for the forthc4)ming year Is the laGk of fuThJlng In schcds. Tr devolopment of our onlin8 offer. new sales and cours￿, diversnlcation of our income streams. our fundraislng efftxts aThJ our careful flnandal rnanagement are all part of our Ilnanclal rlsk management. The Charllabkg Company rekn on pmJ8cts and gran18 or donalion8 to halp cover overhe8d8, and the expected future Income from those $oury*s Is consldered carefully vthen revlthvlng overhead levels and commltments. Thls Income 18 ￿n$kier8d suffld8nt for thè nèxt flnandal >tar and a Golng CorKorn plan has b•8n prepar•J to 8UPPOrt the Charftable Company through at ￿88t ts next 12 months. Th8 Charitable Company has a safeguarding polky that is rvvie￿?d cMilated onnually to all tralneys Ènd staff. The DlreGtor of Operations and Development Is resp)n5ible for the malntgnanco of Ihls policy, and ong trust88 {J8ck Langwi Is the safeguardlng ￿Slee. All trainers and Staff who have direct contact wilh thlldren are requlred to have upto4ate Enhanced Dlsclo¥ure and Barring Sarwc4 {DBS) ch8ck& In 202&24 thg Trustegs ogr09d that all ngw Board mombw5 shoukl have an LPt¢>date DBS ch¢ The heallh and safoty poliry wo9 reviewod and uwlated. f. Manag•m•nt and *faff A 8chemo of delegatlon 18 kn place and dtyttrday respon8i1lllty for the proV￿k)n of the ￿e8$ r88ts wilh thè Senlor msnagement. supported by the stsff of the Charltable Company. Our two o>Directors are tssk8d dèllverlng our servlces and ensurfng that our key perf(xmgnce Indlcator8 are meL and for provkling mprehenslvo reports for èach board meotlng. . Fln•nclal rl•k m•n•g•ment The Tru8tees have asses￿1 the major risks lo whlch the Charltable CompBny1s exposed, In p8rUcular th08 re￿￿ lo the operati￿3 and finanr￿ of th8 Charitable Company. and are 8atisfi8d that systems and procedur68 e In pl&è lo millgaiè exposure to the malor rL8ks. Pagg 19 THE socigry FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION EDUCATION IA ￿mPanY Ilmlt•d by gu•r•ntse) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 gov•rnanG• and manag•m•nt (¢onllnu•dl h. Koy man•gom•nl p•rsonn•l r¢munaratlon The Trustees conslder the board of truste88, tho Dlrector of Philosophy and Educailon and the Dlrector of Operations and Devgknpm8nt as comprlslng the key management personnel of tha Charll8bl8 Company In charge of dlreding 8nd c¥Jnlrolllng the Chdtsble Company and runnlro and opèrating the Chadtsbl& Coffwny on a day-trtrday basS8. All trustees glve of thelr Ilm8 frgety and no trustee remvneralfon wa8 p8kl in the ya8rfor actlng a8 a trusteè. Onè tru8te8 18 an active tr8in8r 8nd has b88n remunerated for thelr work as a tralner in accordance wmh SAPERE'S tsrms and condllon8 applkAbl810 811 traln8r5. The Artld8s of SAPERE penTr￿ truste9$ to enter into a contract for tho provlslon of services under certaln CIrcumstsn￿ provided for in the Articles. Tr Trusto8s ha￿ ccfftsKlergd the issue of having trainer8 as twstees and wor8 satisfied that ￿ would be in the best interests of the Charltable Compary for the servlces to be by thos8 trainers who are also trustees. becau89 R18 of great benefft to the Choritable Company to have trustees who are dlrectly Involvod In thè ddfvery of tralnlng and who can brfng that gXP9rOse to the board. Th8 Tr￿ are sallsfied that thfr aTrangements compty with seclions I8￿188 of the Charftles Act 2011. DetaiL8 oftrustsg expenses and related paty tran88cUons are di8dos•J In rth 10 to the a(xounts. Truste08 are requked to dbch)s9 all relevant Interests and reglster thgm the offlc8r8 of the Charliablè Company and, In accordance SAPERES eonsltulh)n and policy, mus¢ and do. wlthdraw from deck8ton8 whern a confiict of intorest 8ri808. Tha pay of the Charltable CompanYs dlrgctors 1$ reviewed annually. Thelr remuneration has been benchmarkad th that paid by chadtles of a slmllar size and adivtyto ensure thet ￿1$ falr and not out of Ilnè vAth that gènerally paid for slmllar roks. Page 20 THE SOCIEfY FOR THE AOVANCEMEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA c4Jmp•ny Ilmlt•d by gu?rJnts•) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 stvuctur•g 90￿Manc• and manag•m•nt (contin￿d) Slat•m•nt of TNstws' r•sponslblllths Thg Tr￿tee$ (th) 8re a160 ts dlrectryB of ChBrllabto Compary for the purpose8 of ￿MPanY lawl are r08ponslblo for preparfng Truslee8' reFQrt and the flnandol statgments In accordance wlth appHcable law and Uniied Kingdthm A¢￿￿ntIng Standath {Unit8d iangdom GeneraltyAccepted Accounting PradiGel. Company law requlr88 the Trustees to prepare finandal ststements for e8¢h flnandal year. Under company ￿w. the Truste88 must rnt approve the flnandal statements unbss they Ore $8118fied that they gfve a tru8 and falr view of the stste of affalrs of the Charkabte Compary and of Ms inLY)mlng resources and application of resourc8s, induding its inLY)m8 arKI oxperKliiure, for that Feriod. In prepa￿n0 the8e financial stat8rnents. thg Try￿tee5 are requlred to: select sutsble accounllrvJ pollc408 and Ihgn appty thom ￿nsIStenty. ob8erve the meth(vJs 8￿j prfnclples of the Ch8rftss SORP {FRS 102>.. m8ke judgments and aGwuntlr¥J o¥tlmate¥ that ore rea$on8ble and pr￿Jen¢ state whetherapplkable UK AcDJuntlng Stsndard8 IFRS 1021 h8ve been followed. subject to any materlal departures dl8ck)sed and explaIr￿d In the finandal ststem8nts' prepare the finand818tatement8 on thè ￿Ing ￿nCeM basls unlo8s It18 InapFWiat8 to prasum8 that th8 Charitable Company I￿11 cu)Inue In b￿lness. The TfUYte8s aro r8spon81ble lor keeplng adequate a￿%Un￿O ye￿r￿S that am suffldent to #how 8nd 8xtA8ln th8 Charitable Companys tr8nsacUons and dlsclose wEth raa80n8ble accuracy at ary tlma the flnandal posilv)n of the Chgritsbl8 Company arKI enab￿ them to onsure that the financlal stalaments wmpty wlth the Compankn$ Act 2006. They aro aL80 r05ponsibl8 for saf8guarding the assets of the Chèritabl8 Company and hence for taklng reasonable steps forthe prèver)Ik>n and detèdon of fraud and other Irregularlt*. Approv8d bY(￿derofIh8 membern of the board of Tn￿tee& and slgned on thelr behalf by. Jack LLm.9J6 Jack iangl•y (Chgir of Trustees) P49 21 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOsOPHI￿L ENQUIRY AND REFLECTION IN EDUCATION (A Gomp•ny Ilmlt•d by gu•rant••) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Indopondont Examln•rf$ R•port lo th? Tru*l•os of Th• Soclety forth• AdVan￿Trt of Phllo•ophlcal Enqulry and R•ll•ction In Eduutlon fth• Compa I report to ts Charttablg cOm￿nY Trusle88 on my exam1r￿￿on of thg a¢￿￿nts of tho Charttabla Company fLY the ended 31 August 2024. Re8pon•lb1lltl￿ and B•sl• of Report the Truste85 of tho Charitable Comw9ny its directors for the purposes of company knv) you are responsiblo for the preparntlon of the accounts In ￿(Xj1danoe wkn the requlr6mants of tha Companle8 A(* 21N)6 {Ihe 2006 Acv). Havlng sausfied myEeW that the aGwunts of the Chèritablg Company are not requlred to b8 Audlted under Part 16 of th8 20(A Act and ar8 eligible for Inde￿ndent examinafjon, I report In respect of my examlnatkm of Ihe Charflable Compenls accounts carrfd out urKler 8ecUon 145 of the Charrties Act 2011 IYh8 2011 A(*). In Car￿n9 out my axamlnatk)n I have followe(I the Diroclions givon by the Charlty Commission urKler stttlon 145151{b) of thè 2011 A¢t. Page 22 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (Ao)mpany lknll•d by gu•rant••) INDEPENDENT EXAMINER% REPORT {copillNUED) FOR ThE YE￿ ENDED 31 AUGUST 2024 Ind•p•nd•nt Ex•mln•f• Stat•m•nt SlrTh the Ch8rltabJe Compan*s gros8 Income 8xcèèd•d £250,￿0 wur examlner must be a member of a body Ibted In sectlon 145 of th9 2011 Act. I conflmi that l am qualmed to undertake the examinath)n b8cau80 l am a member ofth• ICAEW, whirh IB ong ofth9 l￿d bodles. I have complotsd my examln8tlon. l ojnfirm Ihat no motters have (x)me to my attenuon In wnne¢Uon wlth the oxgmlnauon glvlw me c8U8e to bell8v8.' acix)untlng rocovd8 vMr8 kopt in rospect of thg Charttabla Company a$ requlred by 88ctkm 388 of tho 21XJ6 Act. or the accounts do not a¢eord wlth those rncord$,' or the attounts do not r￿mplY with th8 ac(y)unllng rnquSremènts of 50cknn 396 of the 2006 Act other than any requlrement that the accejmts gfve a Iwe and falf vA)Ich 18 not a matter considerwj as part of an Indepondant examlnalon.. or the a￿Unts hava not been prepared In accordance wSth the method8 and prlnclpl6s of th• Statement of Recornmended Practlc8 for accounvng and rnporbng by ¢tharNl8s lappl1ca￿e to preparfng the actounts In accordance with the Flnandal RèF<*rbng Standard applicabie In the UK and Republlc ot Irèla￿1 {FRS 10211- I hav8 no concern8 #nd h8vg c4Jme ac¥088 no other matter8 In connectKJft wlth the examinatlon lo whTth attention should b8 dra￿ in this rewt In order to enable a pnjper Unde￿￿ndIng of Ihe aLuunts to b8 reached. Thls report18 made Solely to the Charllable Comp8nYs Tvuslees, as a body, In accy)Ydancg vAlh Part 4 of th8 ChartUe8 (Accounts and Rèports) ReguF8tions 2008. My work ha8 b88n urKl8rtaken so that I mwJhl stats io the Charhablè Compatys Trusteas those m8tters l am requlred to State to them In an Indepgndent examlnèffs report and for no other purpose. To Ihg fullgst extsnt pemiltted by law. I do not 8￿pt or assume respMslbllRyto anwne other Ih•n Iho Coryany and Iho Charltablo Companls Tn*tse5 as a body. for my work or for th18 report. Slgned.. Dated: /82r S J Tweedlè Bsc FCA DChA WR Pattrwrs Belmont House Shrew8bury BLffjln08s Park Shr8W8bury SY2 6LG Page 23 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL EN¢WIRY AND REFLECTION IN EDUCATION IA Mmp•ny Ilmlt•d by gu•r•nts•) STATEMENT OF FINANCIAL ACTivmES {INCORPORATIP4G INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 AUGUST 2024 R•$trtct•d Unro%trl¢t•d funds fund$ 2024 2024 Tot•1 Total funds 2023 2024 Incomo from: DonatlonB aTrJ logacies charitab￿ acuvibes Investments 10S,173 266,075 2.107 105.173 323249 2,107 25,412 388,445 2.338 57,174 Total iThcom• 67.174 373,355 430,529 416.195 Exp•ndltur• on: Charf18bla actNths 53.327 390,197 413,229 Total •xp•ndltsrn 53,327 390,197 413.229 N•t 1Thcom•ll•x￿nd1(u￿•) Tr8n8fers b8lw88n funds 3,847 13047) (16.842) 3.847 (12.995) Z966 16 N•t M0￿meTht In funds (12,995) {12,9951 Z966 Re¢onclll•tlon of fund#: Tot81 fvnd$ brought forward Net movement In fundB 123241 11199¥ 123.241 {12.995) 120,275 Total funds ¢arrl•d forward 11Q,246 110,246 123.241 The Statement of Flngnryal includes all galns and bssos rowgnised in the ￿r. The nol•s on p8g8s 27 to 41 fonn part ofthese financi81 statements. Pag8 24 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY W40 REFLECTION IN EDUCATIOP4 (Acompany Ilmnod by gu•rnnts•) REGISTERED NUMBER: 7821030 BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Flx•d as8•ts lnta￿1ble 888ets 888et8 11 12 3.150 2.692 7.907 2.351 5,842 10.258 CurY•nt a¥Mi• Dgbtors Cgsh at bank aTrJ In hand 13 124203 120,112 31.239 307.413 246.315 33&652 Cred*or8.' an￿Unts falllng due vAthln on9 14 1108.S1 (202.549) N•t CUTfont a88•ts 137,799 136,103 T•)lal as••ts curr•nt liabilrli05 143,641 146.361 cred￿or5. amunts falling due aftor more Ihan one ￿•r 15 {33A951 (23.120) Total not 110246 123,241 Page 25 THE s¢￿IETy FOR THE ADVANCEMENT OF PHIL080PHICAL ENQUIRY AND REFLECTION IN EDUCATION IA Gtynp•ny Ilmltad by gu•rnnt••) REGISTEREO NUIABER: 7821030 BALANCE SHEET (COPrnNUED} AS AT 31 AUGUST 2024 2024 2023 Not• Charlty fundj R8thcted fvnds Unrestmctsd funds 18 16 110,246 123.241 Total fvnds 110246 123,241 The Company entru￿ to gx8mpknn fmm audit undw sedlon 477 of the Companles Act 2006. The mem￿r$ have not required the t%>mpany to obtaln an a￿lt for the )par in quesuon In o(%othnco wSth $8cion 476 of Companles Act 2006. The Trustees ac*nthvlethJg their responsibilib88 for complying Ihe requlrow*nts of the Act whh respect to accounting rocords and Preparati￿ of financial statsments. Thè fln8nd818tslemeTrts have been prepared In ￿Cordan￿ the prov18kJns 8pplkab19 to entllles subled to the small c¥Jmpanle8 reglmo. The financial statomonts were approv•J and authorised for issue tythe Trt￿lee9 and 81gned on Ihgir bghalf by. Gk lJn.9J6 Jack Langl•y (Chalr ol Trustees) Date: Th& notss on pagos 27 to 41 forni part of th890 financial 8t•temenls. Paga 26 THE SOCIETY FOR THE ￿v￿lcEmENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (AG<￿￿TrY Ilmltod by guarnntee) NOTES TO THE FINANCIAL STATEMEI FOR ThE YEAR ENDED 31 AUGUST 2024 a•nernl Infornwtion Tha charfIab￿ Company Is ¥ prfyote o)mpany ¥mll8d by gu8Mnte8, rggistered In England and Wa￿8 and a r8glslered tharfty In England and W8188. the addr68s of the rg3(¥tered office13 WR Portners. Belmc House, Shrowsbury BUS1r￿$S Park. Shrnwsbury, Engkind, SY2 fjLG. A¢¢ountSng pdl¢l•s 11 Ba#1$ of pr•poratl•)n c4 flnancl&l 8tat•m•nts Th8 financial statements have been prepared in ac￿rdanCe vhlh thè Charities SORP IFRS 102) - AtcountFng and Reportlng by Ch8rfles: Statom8nt of R8commeThled PraGlice applkable to (*ariti08 eparfng thelr accounts In attordance whh the Finaneial ReFOrt4ng Standord applICab￿ in the UK and RepubThc of Ird8nd IFRS 102) leffed￿8 1 January 2019}, the Finanrial Report*KJ Standard apP1kab￿ in the UK ￿ RepubtiG of Ireland IFRS 102) and the Companles Acl 2006. The Sodety for the Adv8rthment of PhilosoF*hical ErK4ulry and Rgfigcuon In Education meets Ihg definluon of è put4So benefit enty under FRS 102. A58ets and liablllles are initialty re(¥gnised at histori￿1 cx>st or transactlon value unlgss otherw18e stated In the rekvant accountlng policy. 22 Golng conc•rn Afigr maklng enqukgs, the Tru8t8e8 hav8 8 reasonable expectallon that thè c￿ritable Company has adequats resources lo contlnue In opernlonal existenr4 for Ihe forseeable fvture. The Ch8rltable Company thgrefore ￿TrIlnues to adopt the going concem basls of accounting in prgparlng the annual flnand81 statamants. 13 Inc4xn• All Income Is rncognlsed once th8 Charrtable Company has enthlement to the Inctim6. It18 probablg that Inc￿Me wlll bè rècèlv*Y and thè amount of iwjmo receNablg can bg measured rdiably. Grants are included In Ihe Statement of flnand81 afAlvMles on a recefvable baB18. The balance of Income recefved for speofic purposos but not expended durir¥J th8 p8rh)d 18 In the relevant funds on the Balance sh881. Wh8r8 Ino)me Is recefved In a(fvance of entlilem8nt ol r8celp( tt8 recognmon Is deferred a￿$ includ8d in c¥edltors as deforrnd income. Whero 8ntlUemont occurs bafore Inc£Jrn01s r￿1ved. the Income18 ac(xu8d. Income tax recoveroble In relakn to knvestr*nl kn￿m0 is rfj￿gn18ed at the Um6 the Invg8ts)18nt Incom8 i8 r8c8ivabla. Pago 27 ThE SOCIETY FOR THE ADVANCEMENT OF PHILIiSOPHICAL ENQUIRY MID REFLECTION IN EDUCATION company lirnit•d by guarw)1o• NOTES TO THE FINAJ4CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 AGGounllng pollcl•s (¢onllnu•d) 2.4 ExpwKlltur• Expèndllure Is recognlsed onGo there18 a legal or constructive obfigatlon to transtsr economlc benefft to a Ihlrd paty, It is probabl8 that a transfer of economlc benefits VAII be raqulred In settlgment and the amount of the obligation can te measured relLgbly. Expandthre is d&sslfied by actlvlty. The costs of each a¢Uvty aro made up of th8 total of dlrect costs and shared costs. Indudlry support costs Invo￿ed in undertaking each acthty. Direct costs athlbutsblg lo a single actmty are 8lloo8ted dir8ctty to that advty. Shared costs which controbute to more than actNty and support costs which are not attributabl8 to a 8Ingle 8CtMty ar8 aP[￿rI10ned btheen those actlvmes on a basls conslstent wlth tho u¥e of resource8. Central stoff costs are altoeated on the basls of time spent and depr￿allOn charge5 allocated on lh8 ￿rt￿n of the a55eVs use. Exponditure on charftable thtle8 ig incuffed on dlrecty und8rt8klng the aGllvltl88 whlch further the Charitable Companys oblecaives. as wall as any a￿0￿818d 8UPPOrt costs. All gxp8TrJlturo15 Inclu$fvo of I￿￿￿Verable VAT. 2.5 Int•r••t r•o•lvabl• Interest on fvnds held on d9p0s￿ 18 Included when recelvablo and the amount Can b9 measured rellabty by the Charllabkg Company. thLg Is n¢)rmally upon nOtifi￿tiOn of tho interost paid or Paydb by the Inslltutton with whom the funds are dep)slted. 16 Intanglbl• ••••ls •nd amortlmtlon Intangible assgts costkng £500 or moro c8pltali$8d and r8¢)Jgnl8•d when future econ￿n bengffts are probable, and th8 cost or value of the 8sset can be measured rèllatly. Intsnglble a88el8 are Inthlty reoognls&Y al cx)81. After rocognllbn. under Ihe cost model, IntarvJlble 8re measured at ccot 1986 ony #t￿MU18t0d amortL%ath)n wy accumulated Imp8lnngnt losses. AmortisalHJn1g pffjvlded on Inl8ngible assets at rate8 calculated to off th6 cJJ8t of each 88801 on stralght-llne ba815 over Its expected useful Ilf8. Amorttsatlon is provldod on the followlry ba5iS.' Wabsrio & Databa8e 25% 17 Tanglblo fflX￿ a8￿tr and d•proclaUon TarKJlblo tlxed assets cosling £500 or mor8 ar8 caprtalL8ed and r8o)gnLqed when future ttonomlc benefits are probab18 and the (￿t or value of the asset can be measured Yoll8bty. Tanglble Ilxed assets are Inltklly rncogn18ed at co¥1. Ajter rvwgnit￿n, under the cost model, tangible f￿ad 8s8ets arg moasurgd at cost less accumulate(I d8precyalion and any ac￿MUlat&d impairment Iclsses. Al costs Incurred lo bring a I￿1b￿ fixod as88t into ilB interwjed V•Drklng condltlon should be induded In Iho megsurnmgrrt of coyt Page 28 THE 80CIETY FOR THE ADVMCEMENT OF PHILI)SOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A compAny lim1t￿ by gu•rnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE*R ENDED 31 AUGUST 2024 Ac￿untIng pollclès Iconllnu•d) 2.7 Tw¥lblo Ilxod a880ts and d•prncl•tlon {¢ontlnu•d) Dgpred&tlon Is charged so as to alkxate thg cost of taThJlbl& ￿ed assets les8 their rosklual valu8 overthelr esllmated useful lives. using the strdlght-llne method. Dapredallon Is pro￿&1 on the folowtrKJ b8858: Equlpment 25% 18 D•btors Trade aThl othèr debtorn are reGognised at th8 8ettlement amount after any lrndg dkswunl offerad. PrepayTnents aro valua at the amount prepald net of any trade dlgcounts due. 2A Cash at b•nk and In hand Ca$h at bank and In hand Indude8 C88h and short-ttmi highty liqukl InVestM￿ts th a short maiurity of three months or18S6 from th8 date of a04ul811k￿ or openlng of the depcAtt or 3imll8r xcount. 2.10 Llablllllw Jnd proVI￿OnI Llablllll8s are recognl8eAI whon there L8 an obligatw at tho Balance sheot date as a result of a past event. It Is probable that a transfer of aconomlc bon8fft wlll b8 requlred In setYem8nt. and the amount of the settlement can bè estimateil rellabty. Llablllttes ar8 r8cogn188d at the amount thal the Charltable Company 8nticlpates it will pay to sott the debt or the amount f( ha¥ recefved 08 advanced payments for good8 or services tt must pr¢Nido. Prov18knns are measured at thg best e8tlmate of the amounts required to setuo tho obllgatlon. Whèr8 the effact of the tlme value of money18 materlal, the p￿Slon 18 based on the pr￿nt value of those amounts. dIs￿Unt￿l at the prfrtsx d18counl ratè that refiects the rf8ks spedflc to th8 Ilabllty. Th umvinding of thg dlscx)unt Is recognl8od In th8 Statsm¢nt of ffinanclal aL*lvlU08 85 a finance ¢xAt. 111 Fln•n¢l•l Inslrumonts The Charftable Company only has finandal assets 8nd Ilnanclal N8blWe8 of a ￿nd that quallty ag baslc finandal Instruments. Bwc finarKial ￿￿trUments are Init￿lty re￿gn[So￿ at transacllon value and subsequenlly measured at their s8tlJom8nt valug ￿lIh the excepkn of bank loans whlch w8 sub88qu8nlly measured at 8morUsed ￿$t using the effective interest metlkxl. 112 P•ns10 Th8 Charftabfe Comp8ry ope¥ates a defined contributlon scheme and thg pgn51on charge represents the amounts poyablg bythe Charflable Company to thè lund in respect of the year. Pago 29 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limit•d by guarnnt•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Aceountlng poll¢l•8 le¢ntlnued} 2.13 Fund a¢¢ountlng General lunds are unrestrfcled funds whfjch are 8V8llaNe for use at the dfscrefk)n of the Tru$tses In furtherance of the g8ner81 oblectlves of the Charlt8bl6 Company and wh*h have not been d8slgn8ted for othar purF<)ses. Ra$trict8d funds aro funds whith are to bg used in accordance w5th 8pecMc re8trlctlons ImFwd by donors or whlch have been ralsed by the Ghorftsbl8 Compary for partkular purpo898. The D)sts of ralslng ond admlnisterfng such fund8 are charged agolnst the 8pedfic fund. The alm and uso of each re8trloled fvnd Is gèt out In the notes lo the flnanclal statgmgnts. Investrn•nt incomè, gains and losses are alloc8led to the *pproprfate fund. Pag8 30 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA Ewipany Ilmlt•d by guarants•} MOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2024 Incom• from donitl¢>n• and l•gad UDrnstrlct•d fvnd8 2024 Tot fijnds 2023 funds 2024 105.173 105,173 25.412 Total 2023 25,412 25.412 lThcom• from ¢harltable actMtI•s R•strlct•d Unr•strfdod nd¥ funds 2024 Total nd8 21)24 fvnds 2023 TraI￿n9 arhl Education Income from ¢haritablg aGtivllles- Other Income Income from thgrltoblg activllles- memb0￿hlps 57.174 256,921 314095 380,414 177 177 113 8.977 977 7,918 57.174 266.075 323249 388.445 Tolal 2023 79,499 308.946 388.445 Inve•kn•nt In¢om• Unr••trl¢t•d fund8 2024 Total ftinds 2024 Total funds 2023 Inv88knent Ineomo- Bank interest recalvabl 2,107 2.107 Z338 Total 2023 2.338 Z338 Page 31 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION EDUCATION (A company Ilmtt•d ty guarante• NOTES TO THE FINANCIAL STATEmEP￿s FOR ThE YEAR ENDED 31 AUGUST 2024 Anal￿1$ of •xp•nditur• on charft•blo •cOvltl•¥ Summ¥ry by fund typ• R•¥trlct•d Unroslrf¢t•d funds fund$ 2024 2024 Total 2024 Total 2023 Training and educallon 53,327 35YJ.197 413,229 Totsl 2023 2. 150 411,079 413,229 Summary by •xp•ndiiur• typ• staff ¢￿ts Depreclatlon othor costs 2024 2024 Tot81 2023 2024 Tfalnlng education 233,065 21bl.623 441524 413.229 Tot•1 2023 199,221 6.340 207.668 413,229 Anal￿￿ of •xp•ndlluM ty actlvltle8 undertak dlrKtIy 2024 Support Costs 2024 Tot*1 Totsl fimds 2023 2024 Direct costs 140.622 302.902 411229 Tot812023 143.038 270,191 413.229 Page 32 THE SOCI￿y FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY ANO REFLECTION IN EDUCATION {A company Ilmli•d by gu•vwrt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 An•lysl• of exp•ndftur• by xlmtlgs (¢ontlnued) An•tysl¥ of dlr•Gt Ggsts Total funds 2024 Total fvnds 2023 2024 Trniner L¥)sts V8nu8 costs 39238 12.174 49.674 39,536 39,238 12,174 40,674 39,536 34986 18,798 30,895 61,376 (4.017) Pr(4act th8ts other costs G8n8ral offke c08ts 140,622 140.622 143.038 Total 2023 143.038 141038 An•lysls olsupport costs Total nds funds 2023 Staff ts)sts 233, 233,06S 4836 126 199,221 6,34Q 58,582 0,048 Depr6dalfon General offl¢e c•¥ts 58,126 5,875 4875 2,902 30I902 270. 191 Total 2023 270,191 270.191 Ind•pond•DI •xamln•rf• r•mun•ratlon The Independent oxamlnorfs remuneraUon amounts to an Indgp8ndent 6xamln•r foe of £1.400 (2023 - £3,744), and accounts preparauon of £1,40012023- £ -1. Page 33 ThE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmhed by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2024 staff costs 2023 Wages arxl sak7 Sodal securfty costs Contrlbuuon to defined ryjntribution pen$lcY) $¢h6m88 212.745 14.631 5,689 185.999 8.642 4.580 233.065 199,221 Tha avorage numb8r of p8r50ny emplDyed bythe Ch8dtatAe Company dutlNJ the year was as follows: 2024 2023 No. Avorage n￿)ber of emp￿￿$ The average headcount exprgssod a5 full￿Me equfvalents wa8.. 2024 2023 numbgr of ￿aff No empknyge rnmunerallon amountlng to morn than £60,OW in eithor yTr8r. The remunerati￿ paid to key Man4ement PW8onnel duming the amounted to £95.704 12023: £80,834) 10. T￿￿1•￿. romun•ratlon and •xp•n All trustees give thoir time freety and no truslee remunerallon was pald in tha y88r for 8cllng 88 8 Trustee. Two Tru8tees org also tralners and have been remunerated for Ihelr work as traln8r5 In accordanr wth SAPERE'8 terms and condltlons oppllcBbl8 to all tralners. The amounts pakl durfrtrj th8 yoar are £13.336 {2023.' £950). Thg artldas of SAPERE permit trustses to enter into a contract for the provis￿n of services under txrtaln circumstances provided for in tho articles. The Trustees have considered the issue of havlnu tralngrs as trustees and 8re sallsfied that rL would be In the best Interest of the Gharllable Company for the seNlces to be provlded by those Iraln8r8 who are 8180 twstg95, becguso of great bgnefft to the Ch8rt18ble Company to have trusto9s who arè diracuy Invo￿ed In the d8lNgry of tralnlng brfng that axpertlse to the board. The Trustees arp satisfied that the arrangements compty v sethns 18&188 ofthe Ch8rfUes Act 2011 Durky ￿ar end￿ 31 August 2024. expenses totslllng £165 vrnra r8lmbur88d 01 pahj dlrecty to 2 TrustseB (2023- £84 to 3 Tnist88s) for travel experws. Pago 34 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND IIEFLECTION IN EDUCATION (A Gompany lknltod by guaran1•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Intsnglbl• as8•ts Comput•r ¥oflwaro Co•t At 1 September 2023 Disposals 62.826 {42,786) At 31 Awst 2024 *mortl8atlon At 1 S8pternb8r 20ZJ Ch8rge for the >tar On d16PO$4 4919 4,75T {42,786) At 31 August 2024 16.890 N•1 book v•lu• At 31 August 2024 3,150 At 31 August 2023 7.907 Page 35 THE 80CIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A cOM￿nY Ilmltsd by gu•rnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Tanglbl• flx•d a•uts •qulpment Cost or valuatlon At 1 Septemt¢r 2023 Addluons 8,379 1A20 At 31 Auou8t 2024 O•pr•cl*tlon At 1 September 2023 Charge for the wr 8,028 1,079 At 31 AJJgust 2024 7.107 N•t book valu• Al 31 August 2024 2.￿2 At 31 August 2023 2.351 Pagè 36 THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A wmpany Ilmlt•d by guarant••) NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 AUGUST 2024 13. D•btor8 2024 2023 Du• wlthln one y Trade debtor8 Other debtc Prepa￿8nts ￿ aryxued Inwm8 13,235 14803 112,018 15,328 126.203 31.239 14. Cradltorn: Amounts falllng Thllhln ono yoar 2024 2023 Trado Grwjitors othortaxa￿n and social s￿uTIty Other credhors AcL¥uals and deferred Income 4,727 4,261 3,126 96,402 36,478 7,198 637 158,236 108,516 202,549 Oeferr&l Income Includes £83,436 in relgtion to inubTh r8coived for tralnlng arvj conlerwths to be hek In 202>24 wNhkn amounts falllw due wthln one year and £33,395 in respect of fuiure years shown as omounts f8111ng due after mcn than on8 ￿r (Note 15) Of Ihg total deferred Incom of £116,832 (2023: £177.640>, £115.872 (2023: £129.9851 B unres￿￿8￿ 8nd £96012023: £47.655)18 Mtrlcaed. 15. Cr•dlt•r•: knunts f•lllng du• oft•rmorn than ono y•ar 2023 Ac£ruals and defe￿ed income 33,395 23.120 Pago 37 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company 11m1t￿ by guar•nt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Stat•m•nt of fvnds Stat•m•nl of ￿Thd￿- ¢urr•nt y•ar Balan￿ at 1 Sèptember 2023 Balan￿ •t 31 August 2024 Tr•nsf•rs Inlout In¢omo Expondlture Unrn•trlctod fund8 Gen8r81 Fund8- all fund8 123,241 3n.355 (390.19n 3.847 110246 R￿trICtsd fun Peter P￿9(* Templeton Wortd Foundal ACE {Dramalc Enwlry) Hartrord Thoatrg 3,629 44,026 (3,244) 136 {¥182) 5,519 14857) I3￿23) (662) Young Plato 57,174 153,327) (3.84TI Tot•1 Of fund¥ 123241 430.529 {443.5241 110.246 Thg P¢ior Sty*v¢rby k￿l0¢t part-funds 12 $¢hcds n North yC￿hiTfj ￿n9 the Golng for Gold programm8. Tèmpleton Worfd Charlty Foundalon projgct Is fijndlng 6 S￿)nd#ry 8th￿1$ 10 8UPPOrt P4C In RE and Sdgnc• ond ￿rn$ lo builj degp connacllons bets￿eTh th0$9 Gonr4pts Ihat indgrpin th85e Subjects. ACE Dramatic Enwiry Prolect Young Plato worklng to dovolop resourc08 to accompany the film Jrlung Plato. Fcff further detall. please 888 the Trustses. An1￿1 R8p)rL Pago 38 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlt•d by gu•rnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Stat•m•nt of fvnds (conllnued} Ststsm•nt of funds- prfory•ar Balance at 1 September Bolance at Transfer$ 31 August 2023 Unr••trict•d fund¥ Genoral Funds- all funds 120.275 327.553 (354072) 30.486 12a241 R•strlclod funds EEF Prde Bleoneau Gwent Borough Coundl IBGBCI Tomploton Wodd Chart Foundatbn project The PLACE prolact 34,749 (1.745) (33.004) 31,818 4,497) (7.321) 17.575 (27.870) (4.045) 70.295 (455) 88.642 (58.157) (30.485J Totsl otfunds 120.275 416.195 (413.229) 123,241 Pag• 39 TrIE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCAnoN (A￿)mpanY Ilmltsd by gu•rJnt••) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2024 17. Summ•ry of fund¥ Summary of fund• . ￿vrent y•ar Balanc• at 1 S•pt•mber Balanc• at 31 Augusl 2024 Transf•rn Inloul In¢omo EXpondI￿re General fund8 Restslcted fund8 123,241 374355 57.174 {390.1971 (53.327 3.847 13.847) 110246 123.241 430,529 (443,524> 110246 Summary of funds- prior y•ar B8lanco at I September 2022 Trnnsfer8 31 Augu81 2023 Income Exp8ndltur8 General funds Restrthd funds 120,275 327.553 88,642 (355,072) (58.157) 30,485 (30.485) 121241 120,275 416,195 (413,229) 121241 Page 40 THE 80CIETY FOR THE ADVANCEIAEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlt•d by guarant••) NOTES TO THE FINANCIAL STATEMEKr3 FOR THE YEAR ENDED 31 AUGUST 2024 1& AnalyslB al n•t ass•ts b•tWeon funds An4￿1$ of n•t b•twwn fund¥ . curr•nt p•rlod Unr•strlct funds 2024 Totsl fund• 2024 T8nglbl8 )Ixed 888el$ Intangible fixed assèts Current 888ets Credllors due wllhln one ￿ar 2.692 2.692 3,150 1150 246,315 246.315 1141,911 } 1141.911) 110246 110,246 *matysl$ of n•t aM•ts I￿tW￿n funds. wlor p•riod Unrostrkted lunds 2023 funds 2023 T￿lb￿ flxed assets Intanglble flxed a88ets Current assets Credltors due wSthln one Credttorn dua In than one yoar Z351 2,351 7.907 7,907 33&652 338,652 (202.549J (202,549) (23.120) (23, 120) Total 123.241 123,241 P•nslon commltm•nts The grow operates a defined o)ntrlbLrtlon ponskjn sth8mè. Th8 a558ls ofthe 8chem8 are held 8eparal8ly from Ihose of the group in an Independenly admlnlstered fund. The ponsSon cxJ8t charge reprasents contributions payable by the grwp to the fund and amounted to £836 {2023- £637) ¥￿Ie pay*)1g to the fvnd at th8 balanc£ sheet date and are Included In ¢JedlloTB. Pag•41 THE SOCIETY FOR THE ADVMCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IAwnp•ny Ilmlt•d by guarnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 1024 Rolatsd party tranucllon$ During th8 year. there were tsvo r8lat8d party trans8don3 relallrwJ lo relmbuvJement for preparlry and dellverfng tralnlng courses. Innovate and Crealo Ltd recefvad £5.193, Paul Ja(*son ffru$teo} a Dlrector and Rosie Wilson trrusl8•) recelved £8,144. For further detalls see not6 10. There were no olhor related partytransathm In the s￿r. Page 42