RegSstered numbèr: 7821030 Charlty numbèr: 1144S95 THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limited by guarantee UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EOUCATION IA company Ilmlted by guarants81 CONTEKrs Page *Referen¢e and admSnlstratlve detalls of the Company. Its Trustees and advlsors Trusteès. report Independent examlnerfs report Statomont of flnanclal a¢tlYStles 2-12 13-14 15 Balance sheet 16-17 Notes to the financlal statsments 18-35
THE SOCIE FOR THE ADVANCEME1 OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmltad by guarnntsel REFERENCE AND ADIIINISTRATIVE DEfAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustses Amanda Burgess {appointed 21* of July 20251 Jeannie Cohen (resigned 8th of July 20251 Sam Delbaere lappointwj 1 play 2025. resigned 11 June 20251 Brian Grady lapp)inted 14th of July 20251 Chris Houghton Paul Jackson {reSned 13th May 20251 Gareth John Jack Langley, Chair Fiona Macpherson (appointed 19th of August 20251 Danny Myefs (Signed 1P March 2025) Brian Shayanewako. Treasurer ROS Wlson Tim yOe (resigned 17th March 2025) Company registered number 7821030 Charlty rgglstgrod number 1144595 Rgglster9d office trjo Partnets LLP Belmont House. Sitka Drive Shrewsbury Business Park Shrewsbury SY2 6LG Dlrector of Operdtlons Emma &Mnn and Developrnent Olrector of Phllosophy Grace Lockrot4n and Educatlon Accountsnts Partners Chartered Accountsnts Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankors The C(perative Bank Skelmersdale Page 1
THE SOCIEfY FOR ThE ADVANCEMEiif OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlled by guarnntso) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Introductlon The Trustees of Thoughtful (the trading name of SAPEREI are pleased to present IheirAnnual Report together th the fin2naal statemen15 for the year ended 31 August 2025. These statements have been prepared in accordan wth the chankn.es Act 2011. the Companies Act 2006, the ehantys Memorandum and Articles of Assoaation, an¢J the Ststement of Reeommended Pracb"ce for Chartties {FRS102. second editson. effective 1 January 20191. OBJECTIVES ANDACTMTIES Who we arn Founded in 1992, SAPERE {the Society forthe Advancement of Philosophical Enquiry and Reffeclion in Educats"onl is now operab.ng under the trading name Thoughtlul_ We $t to help peOe improve their lives and 5earnlng through philosophi1 enquiry. We introduce educators to Philosophy for Children and Communities (P4CI, a pedagogy that cultivates critical, creative, caring and collaborative thinking. Followng 8 2024 ¢onsLTttation wth stskeholders, trainers, members, and frjnders, the charity adopted Thoughtfvl as rts public-f8ting name. Though our name has evolved. our mission and vision remain unthanged. Our chailtable objectlves The advancement of edtiOn for the public benefiL in particular amongst those young persons UP to the age of 16 years, by the piomotion of the development of their skills in Icgical thinking and olher philosophical techniques so that Iheif personal and social INes are enrsched. Our vislon Thoughtful exists lo help people improve their leaming and Iheir lives through philosophical enquiry and our aim is lo give them the skills to thrive in school and society. Our vision is a fuiure where everyone has the opportunity to engage philosophical in discussions and public diseourse that mattefs to them, that motNates them lo listen and to leam from others. and makes a difference to how they think, feel, speak, and act in Ihe )Ild. We strive to alise these beneffts of philosophical education as widely and èquitsbty as possible, and we believe that this is both a personal and public gd. Our mission 1. To establish and SUPF4)rt spaces for phllosophieal refiecth)n and enqulry, esIallY where young people gather and leam. 2. To ¢harnpion the practice of philosophKal dialogue and the positive difference it can make lo personal dovelopment, lifelong leaming, ciwc disccyjrse and thoughtful action. 3. To devdop courses, classes, conferences. methc*Js and aterialS that advan philosophical thinking among learners and educators. 4. To facilitate research that infomis best practice and illuminates our philosophi1 work and rts educational impad. 5. To direct our efforts towards the phibsophical education of disadvarrtaged leamers and the people who support them. Page 2
THE SOCIETY FOR THE ADVANCEIIJEltr OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATK)N IA company Ilmttod by guarantee) Our valu8s Our educational approach develops critical, ueatNe. caring and collaborive thinking among leamers. Wo also strive to embody the values of criticalty. L¥eativity. cOlbOration and care as a community of members. Thoory of change utpul Children, young people and adults partipate in philosophical discussions in schools and other communitss. the support of a skilled facilitator. Immediate utcome Philosophical discussion develops the abilrty to think. speak and listen and deepens individual's understanding of Ihemselves. others, and the worfd around onger temi utcome Philosophical devdopment equips people to reflect on their leaming and their INes and conn1 wrth Ihr communities so they can flourish at schoc4 and in society. Impact Flourishing iThJiwduals Ihink well toJether and forthemselves and contribute lo richer ublic di$Urse, healthier democrdcies. and a more uitsble worfd. The focus and publlc benefft of our work The Trustees confimi that they have mplIed the Charity Commission's guidance on public benefit in planning and delNering Thoughtful's aCtive$. Our primary benefictaries are the children. ywng people and adUS vtho take part in philosophical enquiry. Secondary benefiaaries indude teachers. school lead&rs. community prxtsboners and others trained to facilitate P4C. We support schools and communtty setbngs through.. Professional development courses Coathng, modelling 8ThJ mentoring Working directly young people atxl adults Resources and materials Conferences, workshops, and netwcffk events Research shows that our programmes improve reasonirg, Communicatir, eonfidence, group dialogue skills, - and wder schod culture. Trustees believe strongly in the intrinsic enjoyment and value of philosophical enquiry as well as its broader edueational and soaal impacL ACHIEVEMENTS AND PERFORMANCE 202&k25 was a challenging yet forw8rd-lookiThJ year forthe organisation. We began the year as SAPERE and. following a vote at the March 2025 AGM, fomialty transib.oned to Thoughthil. This marked the beginning of our new five-year strategy. designed lo buikl a sustainable, collaborative and innovative organisation. Our strategy is underpinned by three interconnectgj prionties.. Page 3
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlted by guarantse) Achlevements and perfommno {continued) 1. Strengthen We continL1 improving the quality and consistw of our training offer. Key achievements include.. Launch of our new Level TTWO courne. wth excellent feedbad( across all dlmensions. Development of our FellOhIp Programme. Running a series of intemal professional development sessions exploring r, raci$m. and equity in P4C and the Trmder educatiort system. Major prtyJress in redeveloping our wofessional leaming pathway. 2. Collaborats This year saw signfficant collaborative suctssses.. Launth of the #PhilosophyM•tter¥ campaign with the British Philosophical Asswation. Royal Institulo of Philosophy, Association of Philosophy Teachers and The Phil¢)sopty Foundation. A Partiamentsry event hosted by Baroness Natalie Bennett, leading to the formation of a group of MPS and Peers exploring an Al-P8ty Parfiamentary Group (APPGI for Phik)sophy. Continued partnerships wth Tooled Up Educalion. Voice 21. Dialogue Works, Th8 Philosophy Man, Fair Education AliarKe. and others. New partnerships th the Association of Colleges and other Further Education colleges and the Uehiro InstTiule at Oxford. Ongoing project work with Blue Cabin. indudiTrJ the Creative prison project supported by Esmée Fairbairn Foundation. Gr¢)wth of our University Partnership Charter to 13 instibJtion$. 3. Innovate Innovation has driven programme development and organisth"¢)nal change.. Conlribubon lo the BBC'S Fantastic Philost¥¥hy series narrated by Patron Sir Stephen Fry. Expansion of training pathways, induding engagement wilh parent8. Development of a newAcademic Trainer Programme for teather educators and University lecttjrers. Increased inerrbational reach th delegates attending from more than 20 countries. Delwery of 101 training sessions awss all levds of our professional teaming pathway. We trained ovor 1.000 educators, reaching an estimated 32,000 young poople through those trained this year alon&. Our training is only the start of our support.. through a sustsined programme of professional development sthools gain Awards with Thoughtful that celebrate their progress and commitment lo phikjsophical enquiry. There are 74 schools who have conlinualty practiced P4C in their school and hokt an Award - and there are appr0MatY 26.000 pupils at schwls at these Schods. Since 1992 we estimate that we have helped 1.63 mllllon young people develop skills in thinkirJg* Ilstenlng and speaklng through phllosophlcal enqulry. Page 4
THE SOCIETY FOR THE ADVANCEME1 OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmited by guarantee) IMPACT Evldence Base Our work has been put through rigorous independent research. In addrb.on to this we collect case studies and testimonials from teachers and pupils that feeds into our theory of thange, and shows that our work impacts on the problems we have identified. We also have lontemi assessment and monitoring in schools in place as part of our Awards for schools. We have qualitative and quanlitslive feedback on our trainiw and impact on pupils. teachers and sthools. induding parentsl messages and Otsted rerts. Research nSistenY shows that phil¢Jsophical enquiry Strengthens.. Higher-or(ler thinking skills Emotional well-being Classrocn behwour and cutiure Confidence and agency ResFeCt for others and Civic engagement Research also confirms that the impact is highest for those are disadvantaged. Reachlng Dlsadvantsged Learngr5 Supporting disadvantaged thildren is central to our chaiitable purpose. Our dats shows.. 55% of partner schods have aboveaaverage Pupil Premium rates Iaonal average.. 25.9%). Average Pupil Premium Rtes 81 sdxols thal eThJagè in our trainiThJ'. 29% In prfmary. 46% In sKondary. 30.8% of schools we worked lh are located in the t#)ttom 20% of areas on the Index of Muf(iple Deprivation IIMDI. 34% of schools are in the most irKome-deprr¥ed areas for children. Our prjraMmeS thefOre reach substantially mor& disadvantaged communrties than national averages would predict. Award Schools At the end of the year. 74 schools he Thoughtful Awards. Award Schools have an average PupNI Premium rate of 34%. hvjher than our overall sthool average and much higher than natronal averages. Long-term award-holding sthools demonstrate sustsined. embedded practiee in settings wth high levels of need. Page 5
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted by guarantsel REVIEW OF ACTIVITIES Staffing and trainers We operated with up to seven staff during the year. UaIeftt to 4.82 FfE. We continue with our 0> Directorship model, wthi¢h &vide$ balanced leadership acrots operations and programme development. Stsff changes included the appointment of a new FurKlraising Manager and the departure of tsvo members of staff due to strategic and financial restructuring. We ended the year with 28 rgglstgred tralners and ongoing work to strengthen trainer pathways. The trustees Vuld like to thank all our stsff and trainers, past and present, for their commitment and hard wo11( vthich makes such a drflerence to the communrf]"es we seNe. Our key activitiOS Through our knovAedge, experien. expertise. kpIe and partners we wide the followng activities.. 1. Training.. we provide professional devel¢)pment for peOe through our pathway of qualty- assured courses, including training peOe to train and support others lo do philosophical enquiry. 2. Experiences: expert th1itat lead regular philosoth sessions. or ¢)ntroff wort(shops in different settings. 3. Awards.. we recognise excellence in indiwduals arwj educational institutions through our Awards and Fellowships. 4. Programmes.. we help educational institutions lo develop a cuttu of philosophical conversation through our packages of sustsined SUPkK•rt for schools. 5. Partnerships.. we wure the futtsre of phitosophical education through our partnerships wlh universthes and other allied organisations. 6. Resources.. we develop and provide resources that respond to needs and interests of students and teachers. 7. Researeh.. we facililale research that infonns best practice. innovates, and illumlnales our philosophical work and ils educational impacl. 8. Projects. we develop and lest new ideas and meet 5igntficant needs through our fvnded projects. 9. Communications.. we raise awareness of philosoph1 edueation by publishing articles in magazines and joumals, skIng at nab.onal and inlemational events, and campaigning._ 10. NerkS.. we build and SUPF*)rt our communty of practitionets by hosting events and netsvork groups. 11. Fundraising.. we raise funds thrryjgh individual giwng, membership. project rinduding Researth and Development) and core fundirvJ. Plans for ftrturg perlods Oijr aim is lo gwe everyone the opportunty to develop. through philosophy, r ability lo think well for themselves and with others, improving their leaming, their lives in school arKI $Iety, helping to create a more equitale wortd. The education sector continues to face Mai challenges- fvrKling pressures, rising costs, demographic change and a staffing crisis- 811 of which impact Thoughttul's ability to grow. Despf(e these difficulties. we achieved a modest increase in sch¢)ol sale51202&24: £164,163, budget for 202¢25.' £154,544, 2024-25 actuals.. £173,497 - £20k MO than our budget and 10k more than the prwous yearl and continued to strengthen our profilè and Partnerships. Page 6
THE SOCIETY FOR ThE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmltod by guarantsg) Plans for future periods Icontlnuedl At the ¥tsrt of the year. we were oFwating under signlficarrt finanaal strain. hawng inhorited expensive legacy systems costing £22k per annum and a small part-b.me team. Hcmever. thanks to a £60,000 klan received from Charities "d Foundation, in September 2025, we were able to slabilise operations arld implement our new fEve-year strateglc plan and rebrand. This investment allowed us to continue delivering core programmes while developing a proacve, Sustainable sales and fvndraisiThJ strategy. Key slratsgic actions undertaken.. Streamlined intemal systems and began phasing out costly exlemal contracts. Restructured stsff roles to embed income generation across the team. Launched a rebrarKI and began rebuildiw the website to reduce long-lerm costs and open services beyond hOolS. Strengthened partnerships Vith organisations induding The Philosophy Foundation, Voice 21, and the British Philosophical Associabon. Expanded reach through collaborat]ons wilh ts National Education Union, Fair Educatlon Alliance, and Higher Education paibiers. Oeveloped a nv•V modular coue stnjcture and diversrfied income through direct delivery and public events. Advanced fundraising capaoty wilh a dedic*ted part-time Fundrai&ng Manager and new pipeline of trusts and foundalions. The CAF loan was instrumental in bridging the gap during a crrbcal transttion period, allowng us lo retain staff pacity, continue prcgramme delNery, and lay the foundations for sustainable gro%th through 2026 and beyorKI. FINANCIAL REVIEW Surplus. Incom• and expondlture The finances of the charity dedined in income ty £63,983 (not induding donations and legacies) this year. In the year to 31 August 2025. the charity is reporttrvJ a deficit of £108.300 wrth totsl fvnds carried foN4ard at 31 August 2024 of £1,946. Total income decreased over the prewovs year from £430,529 to £265.550. Direct costs were also Teduced from £140,622 to £103,238 and ovefheads deueased from £302,902 10 £270,612. Totsl expendrture was therefore de(Yeased from £443,524 to £373,850. Sales for 2024-25 were £20k higher than predicled, bLrt due to not bringing a fijndraising manager in until January 2025 our fvndraising targets were down. but they improved since that point The prlnclpal sources of fundlng The chanty has the followng sources of funding: training delNered to sclKds and iTrJividuals ¢)n a setf-fvnded basis" training delivered to schools wrthin a proied fvnded at least in part by a third party {schools generally lund al least part of the cost) wrth the third-paty fvnding restricted lo the purwses defined by the particular grant agreement.. unrestritxed donations., core funding from Trusts and Foundation8'. wothng directly within community or school settings. paid for thrtxbgh funding or schools l individuals., membership of P4C.eom our resource library. The Peter Cundill Foundation continue lo supwl Thoughtful granting us £50,000 unrestricted fvnding. We are extremely grateful for thi$ unrestricted fijnding. Page 7
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company limited by gu•rantee The principal sou0$ of fundlng {continued) Income from donations 1$ £4.177 vthich includes donations receNed as part of conference ticket sales to date, gift aid contn"butsons, and donations to our new Wonder Wander campaign set up in July 2024. Income from membgrshlp to our txganisakn. and subscribers to P4C.com rose to just over £13,000 this year. Subscrlptlons lo P4C.com have more than dcmjed this year, with total subscribers being 358 compared lo 121 in the first year of us looknng after this site. This last year we also received £6,999 from project work wth 81ue Cabln reaching re leavers in and they are aiming lo make this £10,000 for the rxt years. Invgstment pollcy As of 31 August 2025, the charity had £67,614 in cash, vthich rewesents both the charty's funds and income received in advance. Funds are held in a current and an immediate access savings aount. Wth the focus on minimising risk and making sure this cash is available. investment retums are rdatNely low, and no target is sel for investsnenl retum. RoseNes poll¢y The trustees, policy since the 201&16 firmal year has ljeen th8t unrestricted fvnds not wmmittgj or invested in tangible fixed assets held by the charity should be suffiaent at all times lo discharge fulty the chariV8 liabilits'es and allow an ordedy nd dovm. We currendy do not have these reseNes in Fdace. arKI our plan is to build back reserves over the next three years. The current totsl fvnds sh)wn in the balance sheet amount to £1,946. Tangible and Intangible assets amount to £5,795, giving us reserves as of 31 August 2025.. -£3.849 (2024.. £104,404). The erVeS will need to be grown to 3 mcrfrths of running costs, which ()JrrenUy stands at £68,048 and will decrease the year afterto £60,375 as we rejjuo overhead$. We can meet our immediate operational creditor5 and have unreserved deferred income of £64,130 and no restrided deferred income, which has been factored into assessing the tharity as a going concem. Flnanclal rfsks and uncertalntlès The most significant ongoirKJ risk for the fth¢oming year is the finanaal pressure on $¢hool$' budgets and teachers having little Ilme lo undertake training due to rklOad demands. Scttools continue to face a financial squeeze and monies for staff members. continuing profession81 development ICPDI are often cvl to pay for other essential spend. Schools are our main source of income. We continue to invest in customer services, advocacy and research to ensure that we are making the case for highqLbalty sustainable P4C. The trustees confirm that, in eW of the forecast futu perfance arkd fijther actions available to the tmslees, the chanty is a going corKern for at least twelve months from the dale of approval of the accounts. Page 8
THE SOCIEff FOR THE ADVANCEMENT OF PHILOSOPHICAL EMQUIRY AND REFLECTION IN EDUCATION IA company Ilmligd by guarantse) STRUCTURE. GOVERNANCE ANDMANAGEMEPtr The constliutlon and tho board of trustoes The charity 1$ incorporated as a o)mpany limited by guarantee. The goveming documents are the Memorandum and Arte3 of Asscoation. Our AGM was hdd on Monday 17kn March where the ne4V trading name vrds introduced. The charity has a board of up to ten trusteesldirectors who meel a minimum of four timès per year and are responsible for the strategic direction, policy and oversight ofthe charity. The trustees have a variety of professional backgrounds relevant to the work of the charity. The Sub Committee groups were rfrorganised into groups. from September 2025, to aid in the governance of the charity 'R8sources and Govem8nce'. comprised of Finance. Risk 8rn1 Govemance, and Personnet. 'Advc¢acy and OLrtrea¢h'. comprised ofthe fvrKlraiwng training committses. These sutrfommittees meet three vReks before t¥)ard meetings and minutes are arculated 8 week beftKe the quarterly meetings. Teryns for these Sub Committees have teen agrea. Trustees must retire and Stand for leCti every three years. The Arbdes of Association provide for at least severb trustees to be eleed at the AGM, and a fvrther three trustees lo be appointed, if appropri8te, by the trustees. Trustees elected at the AGM must be recommended for eltiOn by the trustees or nominated by tsvo member8. In 2025 we had new trustees wme on Board and reswJnations that We not expeded. Going foward we have staggered trustees joining arKI resigning dates from the Board so that il is able to support and guNJe th8 charity well into the future. We have PLrt in place a Trustee Leaving Queslionnaire to help monitor and guKJe Trustegs on supporting their fellow Board MeMrs. We have also adopted the use of Advisors to the Board, this will be a place for fom)er Board Member5 to be able lo offor their services on an a&hoc basis when their skills are needed. bwthoLrt the fomial commitment of being a Board Member. It wll also be a place where future Board Members can sil to find out more about the Chanty and the way rt is run. Govornan¢e alms The trustees have had a number of key govemance aims during this period.. To review and manage the financial impacts the charity during th8 challenging opefating arcurnstances over the year. To continually review and plan for the future, tsknng into account potential risks and uncertainty with a particular focus on ensuring the charity remains a going conrn. To ensure that the chartty ft)Ilows all elements of applicable laws and charity regulation. To continue to oversee the updating of THOUGHFTUL'S administration. management inforniation. website, and accounb.ng systems and practices. To assist the fl¢)w of infomiation and pursuit of the board's strategy including by attendance of trustees at events such as conferences. events, consultation meeb.ngs and c¢Jnmittee meetings, as well as new offers, such our new pathway of courses. Page 9
THE SOCIETY FOR THE ADVANCEMEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlted by guarantag) Govemance alms Icontlnugd) To increase inclusion and diverwty throughout the organisation. To monitor the compo$itson and wactices of the board of trustees and ensure that they are in Ilne Trmth current legislation and besl practice. To monitor and assess the risk register on an annual basis. To continue to improve the organis8lh)n's safeguarding wacfices. We believè Ihal the cutrenl board has a g(%Jd b8L9nce and range of skills and experience and that thls supports the charity effectively Trustee Inductlon and training This year we appointed three new trustees wth the skills to be able to conlinue to support the charity. and had two resign8ts.ons and one retirement. We also had one trustee come on brd and resign within a month due to family issues. Tim Yorke and Paul Jackson both resigned due to th C(ments outside ofthe charrty. After serwng 14 years on the Board Jeannie Cohen retired. I new trustees are qUired to meet the o>Direclors. the Chair ar e$ting trustees to understsnd the ethos of the charty and their responsibilrti'es, lo leam about the aims and objectsves of the charity and lo have an opportuntty to ask questions. All new trustees are also invited to meet the SL and to attend courses and conferences run by the charity. The Chair and Directors of the charity ensure that all new trustees are frjmished key govemance documents. induding the Articles of A55ociation. annual report, financial Oiues, and other relevant documents. These are supplemented wrth booklets from the Charity Commission that oudine general trustee responsibilities. In addition, rf any trustee has ary speafic re5ponsikn'lffjes, they are suprrtxted by the Chair, esting trustees and staff lo ensure they have 8uffiu.ent kncAvtedge. $knll$ and informab.on to fiJffil those responsibilfaes. The trustees who seNed during the year were as follvK.' Amanda Burgess (appointed 219t of Juty 20251 Jeannie Cohen (resigned of July 20251 Sam Delbaère {appointed 1 May 2025. resigned 11 June 2025) Brian Grady (appointed 14th of July 20251 Chris Houghton Paul Jackson (resigned 13th May 20251 Gareth John Jack Langley, Chair Fiona Macphetson (appointed 19th ofAugust 2025) Danny Myers (resigned 17th Marth 20251 Brian Shayanewako. Treasurer ROSE Wlson Tim Yorke (resigned 17th March 20251 We would like to thank trustees who have left the board this year for thetr years of service and support lo Thoughthjl. Particular thanks must go to Jeannie Cohen who served the charity for 14 years. Page 10
THE SOCIEfi FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmltad by guarants•l Rlsk management The trustees and Operations Director have prepared a risk register of the major risks to all areas of the charity and this is reviewed and updated each year. mitigab.ons to these risks are identffied and implemented,. these mitigations include updated procedure$, systems, processes and controls. Management updates indude key risks which are thscussed at board meetings. DiU3810ns abrt risks look place al every trustee meeting. The trustees and the officers of the tharity have ntinUed lo ensure that financial controls arfj in place. We review these areas as part of the preparatn fcK arbd prlxess of the indeperKlenl examination. The m05t significant ongoing risk for the forthcoming year is the lack of fijnding in schools. The devèlopment of our online offer. new sales and courses, diversffication of our income streams, our fundraising efforts and our carefvl financial management are all part of our financial risk managemenL The Gharity relies on projects and grants or donattons to help cover overheads, and the expected frjiure ineA)me from these Sour is considered carefijlty when reviewng overhead levels and commitsnents. This income is considered sufficient for the next financAal year and 8 G¢ing Concern plan has been prepared to support the charity through al least the next 12 months. The charity has a safeguarding policy that is reviewed and circulated annually to all trainers and staff. The Director of Operations and Development is responsible for the maintenance of this poliw, and one trustee (Jack Langley) is the lead safeguarding trustee. AJI trainers and staff who have direct contact with children are required to have uptrpdate Enhonced Disclosure and Baffing Service (DBSI checks. Al new Board members have an uptiate DBS ched(. Management and staff A scheme of delegation is in place and daY-ldaY resp)nsibilty for th8 provis of the services rests with the senior management, supported by the staff of the charity. Our tsvo CrDIrectOrS are tasked with delNering our services and ensuring that our key performance indKators are meL and for providing comprehensive reports for each board meeb"ng. Key management rsonnel rgmungratlon The trustees consider the board of trustees, the Director of Philosophy and Education and the Director of Operations and Development 88 comprising the key management personnel of the chanty in charge of direct¢ng and controlling the tharity and running and operatiry the tharrty on a day-ttsy basis. Al trustees give of their time freely and no trustee remuneration was paid in the year for acb.ng as a trust88. One trustee is an active trainer and has been remunerated for their work as a trainer in accordance Wlth . Thoughtfvl's terms and condikn.ons applicable lo all trainers. The Artieles of SAPERE perniit tsuslees to enter into a contract for the provision of services under certain arujmstances prowded for in the Arbcles. The trustees have considered the issue of having trainers as trustees and were sab"sfied that il would be in the best interests of the charity for the service$ to be provided by those trainers who are also trustees, because il is of great benefit to the charity to have trustees who are direclty involved in the delivery of training and who can bring that experb.se to the board. The trustees are sab"sfied that the arrangements comply with sections 18 188 of the Chariknes Act 2011. Details of trusteé expenses and related party transadions are disclosed in notes 10 and 21 to the accounts. Trustees are required to disdose all relevant interests and registerthem th the officers of the charity and, in accordance with SAPERE'S constituti.crt and polw. musL an(J do, thdraW from decisions where 8 conflict of interest arises. Page11
THE SOCIEff FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A Company Ilmlted ty guarantee) Key managernent personnel remuneratlon {conllnu•d) The pay of the ch8ritls Directors is reviv annually. Their remLtneration has been benchmarked wlh that paid by ehariknes of a similar size and activity to ensure that it is fair and not oul of line wth that generally paid for similar roles. TRUSTEES. RESPONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The Charity trustees are responsible for preparing a trustee$. annual report and finanaal statements in accordance with applicable law. the thariws memorandum and Artides of Asswation, and Accounting and Reporting by Charib'es.. Slalemenl of Recornmered Practice applicable to charibes preparing their accounts In accordance with the Financial Reporting Standard applvble in th8 UK and Republic of Ireland {FRS 102) Isecond edition. effective 1 January 2019}. The law applicatje to charitable companies in England and Wales requires the charity trustees Idirectorsl to prepare financial statements for each year which give a true and fair Mew of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that peri¢>J. In preparing the financial slalemenls, the trustees (directors) are required to: select suitable accounkn.ng policies and then appty them.. consistently observe the methods and prinaples in the aP1¢able Charities SORP; make judgements and esb"mates that are reasonable and prudent., stste whether apleable accounting standards havé been followed. S'eCt to any material departures disclosed and explained in the finanaal statemerrts- prepare the financial statements on Ihe goiry concem basis unless rt is in8ppropri8le to pSuMe that the charity will continue in business. The Irust*s are responsible for keeping propor accounting records that disclose with reasonable 8ccuracy al any time the financial posib.on of the charity and to enable them lo ensu that the financial stslemenls compty with the Charities Act 2011, the Companies Ad 20, the applicable Charibes (Accounts and Reportsl Regulations, and the provisions of the Artides of the charity. They are also responsible for safeguarding the assets of the charrty and taknng reasonab steps for the prevention and detection of fraud and other irregularities. The trustees are responsible lor the maintenance and integrtty of the charity and financial InfoatiOn included on the charity$ web$f(e. Legislati¢)n in the United Kingdom governing the preparatton and dissemination of financAal ststsments may differ from legisLgtson in other JurisdtIOns. In preparing this report, the trustees have laken advantage of the small companies exempb'ons provided by section 41 SA of the Companies Act 20C6. Approved by order of the members of the board of Trustees and signed on their behalf by.. Jack Langley Date: 0510312026 Page 12
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A comp•ny Ilmlt•d by guarant•èl INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Indopendent Examlnerf$ Rgport to the Trustees of The Soclety forthe Advancomont of Philosophical Enqulry and Reflection In EducatSon {Ihè Company? I report to the Charitable Company Trustees on my examination ofthe acnts of the Charitable Company for the year ended 31 August 2025. Rosponslbllides and Basb of Roport As the Trustees of the Charitsble Company (and ris directors for Ihe purposes of company law) you are responsible for the Fwration ofthe accounts in rdarte wilh the requirements of the Companies Act 2006 Ilhe 2006 ACV). Having sab"sfied myseK that the accounts of the Charitable Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charitable Company's accounts carried out under section 145 of the chafiti.es Act 2011 llhe 2011 Act'l. In Carrying oui my examination I have followed the Direcb"ons given by the Charity Commisslon under section 14515llbl of the 2011 ACL Page13
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA comp•ny Ilmlted by guaAnteel INDEPENDEPIT EXAMINER'S REPORT FOR THE YEAR ENOED 31 AUGUST 2025 Independent Examlnorfs Statemont Slnce the Charitst4e Company's gross income exceeded £250,t#)O your examirw must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to uThJertake the examination because l am member of the ICAEW. lch is ¢)ne of the listed bcmjies. I have completed my examination. I confimi that rK) matter5, other Ihan those dthled bdow, have come lo my attention in connection with the examination giving me cause to believe.. accnting records were not kepl in respect of the Ch&itable Company as required by section 386 of the 2006 Act,. or the accounts do not 8¢xortl with those records., or the accounts do not compty wrlh iho accounting requirements of section 396 of the 2006 Act othw than any requirement that the accounts give a Irue arnl tail yiew which is not a matter considered as part of an independenl examination., or the accounts have not been prepared in accordance wth meth¢Xts and prinaples of the Ststement of RernMended Practice for accounting and Teporbng by charttses lapplicable to tharth8s preparing Ihelr accounts in &cordanee with the Financial Rewrbng Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no ¢cemS and have come across no other matters in LX)nnection wth the examination lo %thich attenJon should èe drawn in this report in order to enable a proper understandiro of the accounts to be reached. Disclosure Section In reviewing the appropriateness of the gtyng concem assumptbon in preparing the accounts we draw your attention to the matter5 described in Note 2.2. The Trustees have reasonable expoctations that the Charitable Company has adequ8te resources to nnue in operation for the foreseeable fiJlure but note that reserves are below Ihetsrget level and that the going concem staS is depdent upon the charity's ability lo generate income going foard. This report is made golety to the Chanlable Companls Trustees, as a body, in accordance with Part 4 of the Charities (Aecounls and Reports) Regulations 2008. My vnrk has been undertaken so that I might stale lo the Chafitable Company's Trustees those matters l am required to stsle lo them in an Independent examinerfs report and for no other purpo. To the fvllest extent permitted by law, I do not accepl or assume responsibility to anyone other than the Company and the Charitable Company$ Trustees as a body, for my work or for this report. Signed.. . ¥Mthxoi6 S J Twoedie BSC FCA DC4 VWI Partners Belmont House Shrewsbury Business Park Page 14
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA comparky Ilmlted by guarants8) INDEPENDENT EXAMINER'S REPORT FOR TrIE YEAR ENDED 31 AUGUST 2025 Shrewsbury SY2 6LG Page 14
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted by guarnntg91 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Total funds 2025 Total funds 2024 funds 2026 funds 202S Income from: D(Matlons and legae$ 4.177 4,177 105, IT3 Charitable activitses 960 254.224 259.184 323,249 Invostments 2.189 2.189 2, 107 Total income Expenditure on: Charftable acuvities 369.246 373,850 443,524 Total expendlture 373 524 Net Incomellexpendlturel 1108.6561 (108,3001 (12,995) Transfers ben fvnds 16 {3561 356 Net movem9nt In fvnds RonciliatiOn of funds: Totsl fvnd$ brought forwar 110.246 110.246 123.241 Net movement in funds 1108.3001 1108.300) (12.995) . Totsl funds canlgd forward - The Statement of Financial tivitIeS indudes all gains and losses recognised in the year. The notes on pages 27 to 42 form part ofth8se financiJ statements. Page15
THE SOCIETY FOR THE ADVANCEMEKT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA Gompany Ilmlted by guardntse) REGISTERED NUM8ER- 7821030 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Flxed assets Intangible assets 11 3.150 Tangible assets 12 2.360 2,692 2.795 5,842 Current assets Debtors 13 21.629 126.203 Cash at bank and in haThJ 67.614 120, 112 89,143 246,315 creditC.. amounts falling due writhin c(¢e year 14 189,992) (108,516) Net current assets 1849) t37, 779 Total assets less current Ilabllltles 143,641 Creditors.. amounts falling due after more than one year 15 (33,395) Totsl net assots Page 16
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company limlted by guarantee) REGISTERED NUMBER: 7821030 BALANCE SHEEr IcoirnNUED) AS AT 31 AUGUST 2025 2025 2024 Nots Charlty funds Restrlcted fijnds 16 Unrestricted fiJnd8 18 110,246 Total funds The Company was entiued to 8xemption from audit under secaion 477 of the Companies Act 2006. The members have not required Ihe company to obtsin an audrt for the year in question in accordance wlh section 476 of Companies Acl 2006. The Trustees acknedge their responsibilities for rmplng th the requirements of the Act wth respect lo counting records and preparation of ffinanci ststements. The financial statements have been prepared in ¥dae tmih the K¥ovisions apF4icable to entstses subjttt to the small companies regime. The finarKial statements were approved atvj authortsed for issue by the Trustees and signed on their behalf by.. Jack Langlgy Ichair of Trustees) Oate: 05m312026 The notes on pages 26 to 43 fomi part of these finanaal stalernents. Page 17
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION {A company Ilmlt•d ty guarantsg) NOTES TO THE FINANCiAL STATEMEIUS FOR THE YEAR ENDED 31 AUGUST 2025 Gengral Infomwtlon The Charitable Company is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. the address of the registered office is WR Partners, Belmont House, Shrewsbury Business Park. Shrewsbury. England. SY2 6LG. Accountlng pollcles 2.1 Basis of preparation offinancial statements The financTral statements have been prepared in accordance swih the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financral RepO"ng Stsndard applicable in the UK and Republic of Ireland {FRS 1021 leffectrve 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Thè Society for the Advanment of Philo50phal Enquiry ant1 Refiection in Education meets the definition of a public benefit enty under FRS 102. Assets ar liabilities are ini(ially CogniSed at historical cost or transaction value unless otherwise 5L*&J in the leVant accounting kX)Iicy. 2.2 Golng contem After maknng apwopllate enquiries, the Trustee5 have a reasonable expectation that the Charitable Company has adequate resources to continue in operab.onal e$tencefOrthe foreseeable ftrture. The Charitable Cornpany therefore continues 10 8dopl the going concem basis of accounting in preparing the annual finanryal statements. In achIng this ndsIOn, the TTu$lees have considered the challty's finanaal FL)sthon, forecasts and action$ available lo them. At the year end, reserves were bel¢)W the tsrgel level and, subsequent to the year end, the charity accessed Charity Foundation's social investment programme to support cash flow management and aid realisation of new development OppnItie8. The Trustees recognise that fiJlure incomo is dependent on the chantys ability to deliver training to schcols and other settings, and that the 0rating environment remains challenging. However, the charity has exists.ng projects and schools committed through established programrnes which are expected lo generate activrty in the coming months, and the Trustees are encouraged by emerging opportunities for future income. The Tnistees eonb.nue to monrtor the charity's financial posibon closely and have tsken appropriate extemal advice from the Charty Commission and the char¢ty's accountants. Having reviewed all available information and potential options. Tfuslee8 are satisfied that the going concem assumption remains appropriate. 2.3 Income l income is recognised once the charits18 Company has enliuement to tre income, Ét is wobable that the income wll be received and the amount of irorne receivable can te measured reliabty. Grants are included in the Ststement of financial aCtiVeS on a receivable basis. The balance of income receNed for spetsfic purposes but rth)t expended during the period is shown in the relevant Pag& 18
THE SOCIEff FOR THE ADVANCEMErir OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlted by guarante8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S fijnds on the Balance sheet. ere income is rewved in advance of enliuement of receipt, its recognition is defeed and included in Creditors as deferred income. W)ere entilement 0UrS kfore income is rtteived. the income is accrued. Income ta¥ recoverable in relth.on to investment income is recognised al the time the investment income is receNable. Page 18
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL EP4QUIRY AND REFLECTION IN EDUCATION IA Gompany Ilmltfjd by guarnntg8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 2.4 Expendlture Expendrture is recognised once there is a legal or construebve obligation to transfer OnoMiC bgnofil to a third party, rt is probab that a transfer of economic beneffts wll be required in settlement and the 8mounl of the obligation can be measur1 reliabty. Expenditu is classffied by activity. The costs of each activity are made up of the total of direct costs and shared costs. induding support costs involved in undertaking each acbvity. Direct costs attributable to a single athily aro allo¢*ed diredty to th81 acb"vrty. Shared costs which contribute lo more than one activrty and support costs which are not attn"butable to a single ath.vty are apporkn.oned bètsveen those activtbes on a basis mnsistent wth the use of resources. Centrdl staff costs are alIcted on the basis of time spent, and depreciation charges allocated on the porb.on of the asseys use. Expenditure on Charitab aclivilies is irKurred on directy undertaking the activities which further the Char5table Compan$ objectrves. as well as any associated suppcwt costs. All expenditure is inc5usNe of irre(>)ver8ble VAT. 2.5 Intsrest receivablè Intest on funds held on deposit is included v#hen receivable and the amount can be measured reliabty by the Charitable Company", this is Mmially upon notification of the interest paid or payable by the Instituti the furnjs are deFosited. 2.6 Intangibte assets and amortisatlon Intangible assets costing £500 or more are eaprtalised and recognised when future economic tenefrts arg probable. and the c05t or value of the asset can be measured reliably. Intangible assets are inrtialty recognised at Cost. After reeognth"on, under the cost model, intangible assets are measured at wst less any accumulated amortt"sab"on and any accumulated impairment losses. Amorbsation is prowded on intsThJible assets at rates calculated to write off the cost of each asset on a slraighl-line basis over ils expethd useful Irfe. AM0SatIon is provided on the followng basis.. Website & Database 25% 17 Tangible fixed assets and depreclatlon Tangible fixed assets costing £500 or more are capTlalised and recognised when future ecorMiC benefjts are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are illal rwnised at eost. After recognrtion, under the cost model, tsngible fixed assets are measured at cost less accumulated depreaation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working Condition should be Induded in the measurement of cost. Page 19
THE SOCIETY FOR ThE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATr)N (A company Ilmlted by guarantsel NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Accountlng polkles {¢ontlnued} 2.7 Tanglble flxed assets and depreciation Iconllnuod) Depreaatson is charged so as to allocate the eost of tsngible fixed assets less their residual valuo over their eslimaled useful INes, using the straight-line methtsj. Depreu8tion is provided on the following basi5'. Equipment -25% 2.8 Debtors Trade and other debtors are recognised 81 the Settl)ent amount after any trade discount offered. Prepayments are valued at the amount prepald nel ofary te discounts due. 2.9 Cash at bank and In hand Cash at bank and in hand indudes cash and short-temi highly liquid investments a short malurty of three months or less from the date of acquisitson or opening of the de11 or Similar account. 2.10 Llabllltlos and provblons Liabilrties are recognised when there is an obligation al the Balance theet date as a result of a past event, il is probable that a transfer of economic benefft will be required in settlement, and the amount of the setuemenl can be estimated reliably. Liabilities are recognised at the amount that the Charitsble Company anticipates It will pay to setue the debt or the amount rt has receNed as thanced payments for the goods or serVe$ rt musl provide. Provisions are measurod at the best estimate of the amounts required to setue the obligation. Vthere the effect of the time value of money is material, the provision is based on the present value ofthose amounts. discounled al the pre-tax discount rale that reflects the risks $pe¢rfic lo the liability. The unwinding of the discount is recognised in the Ststement of finarrial activthes as 8 finance co¥L 2.11 Flnanclal Instruments The Charitable Company only has financi81 assets and financial liabilibes of a knnd that qualify as basic financial instruments. Basic fin8nci81 instruments are inrtially recognised al transaction value and subsequenuy measuied at their setuement value with the exPtion of bank loans which are subsequentty measur&1 at amortised cost Using the effeth've interest m8th0d. 2.12 Penslons The Charitable Company ¢werates a defined contribubon pension scheme and the pension charye represents the amounts payable by the Charitsble Company to the fund in respect of the year. Page 20
THE SOCIEff FOR THE ADVANCEMEMT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted by gv•Anteèl NOTES TO THE FINANCIAL STATEMEirrs FOR THE YEAR ENDEO 31 AUGUST 2025 Accountlng pollclés (contlnufjd) 113 Fund accounting General funds are unrestricted fvnds which are available for use at the discretion of the Trustees in furtherance ofthe gelleral objectives ofthe Charilable Company and which have not been designated for other purposes. Restricted funds are fijnds v4hich are to be used in accordance speufic reslrithons imposed by donors or which have been raised by the Charitable Company for p8cUlar purposes. The costs of raising and administering such funds are thafged against the specffic fund. The aim and use of each restricted fund is set sJJt in the notes to Ihe financtal stslemenls. Investsnent income. gans and l¢Jsses are allccated to I appropriate fvnd. Page 21
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company limltsd by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng poll¢les Iconllnuedl In¢omo from donatlons and Iogxlgs Totsl funds 2025 Tot81 funds 2024 funds 2025 Donations Tot812024 Income from charitable activitios R9Strlct8d Unrgstrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 .Training and Education 239,477 244A37 314.095 Income from charitsble aCtieS- Other income 1.600 1.600 177 Income fr¢)m charftable activit]es -memberships 13.147 13.147 8.977 Tot812024 Investmènt Income Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Investrnenl income- Bank irrterest entable Total 2024 Page 22
THE SOCIEry FOR THE ADVANCEAIENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmltod by guaranteg) NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Atcountlng pollcles (contlnued Analys18 of expendlture on charttable actlvltles Summary by fund ty Restrlcted Unrestrlcted funds funds 2025 2025 Total 2025 Total 2024 TraIng and education Total 2024 Summary by expendlture type Deprnclatlo Staff costs 2025 Other costs 2025 Total 2025 rotal 2024 2025 Training and education Total 2024 Analysls of expendlturn by actMtle8 undertaken dlrectly 2024 Support costs 2024 Totsl funds 2024 Tot81 funds 2023 Direct costs Tof* 2024 Page 23
THE SOCIM FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLEclloN IM EDUCATK)N {A company Ilmlted by guarants8) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 Anatysls of expendlture by actlvltles Icontlnuedl Anatysls of dlrgct costs Totsl funds 2025 Total funds 2024 Activtties 2026 Trainer costs 53,388 53.388 39,238 Venue $ts 7,169 7,169 12,174 Projecl costs 333 333 49,674 Other costs 41.348 41,348 39.536 Tot812024 Analysls of support costs Total lund8 2025 Total funds 2024 Actlvltles 2025 Staff 211.468 211,468 233,065 Depreaation 4.067 4,067 5,836 General office costs 51.421 51,421 58, 126 Govemance costs 3,656 4875 Totsl 2024 Page 24
' ThE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmjted by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Independent examlnets rgmunoratlon The independent examinerfs remuneration amounts to an indeperKlenl examiner fee of £2.580 12024 - £1,960), and accounts preparation of £ NIL12024- £1.400). Stsff costs 2025 2024 Wages and salaries 195,837 212.745 Social security costs 10,287 14,631 Contribution to defined corrtribution pension schemes 5,689 The average number of persons emoyed by the Charrtable Company durong the year was as follows.. 2025 No. 2024 No. Average number of employees The average headcount eypressed as fvlktime equivalents was: 2025 No. 2024 No. number ofstaff No employee received remuneration amountiThJ to m¢)re trn £60.000 in either year. The remuneration paid to key Management personnel during the year amounted to £98,032 12024.. £95,704) Page 25
THE SOCIETY FOR THE ADVANCEPAENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted ty guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 10. Trustees. remuneration and expenses All Iruslees gfve their lime freety and no trustee remuneration was paid in the year for acting as a Trustee. Two Trustees are also trainers and toth have been remunerated for their work as trainers in accordance with SAPERE'S tem)s and condib.ons applicable to all trainefs. The amounts paid during the year are £13,766 {2024." £t3,336). The artides of SAPERE peit trustees to enter into a wntracl for the provision of semces under certain cirCumstar5 provided for in the arb'des. The Trustees have considered the Issue of having trainers as trustees and S satisfied that it would be in the best interest of the Charitable Company for the seNices lo be provided by those trainers are also trustees, because il is of great benefit lo the Charitae Company lo have trustees Ntho are directly involved in the delNery of training and can bring that expertise lo the board. The Trustees are satisfied that the arrangements comply sections 185-188 of the Charitses AL# 2011 During the year ended 31 Augusl 2025, expenses totslling £216 were reimbursed or paid diredy to 3 Trustees (2024- £165 to 2 Tmstees) for travel expenses. Page 26
THE SOCIEfY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION {A company Ilmltod by guardntso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 11. Intanglblo assets Computèr Software Cost At 1 September 2024 20,040 AddOn$ Dispos81s At 31 August 2025 20.040 Amortlsatlon At 1 September 2024 16,890 Charge for the year 1715 On dispjsals At 31 August 2025 19,805 Net book value At 31 August 2025 At 31 Augusl 2024 Page 27
THE SOCIEff FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATK)N (A company Ilmltod by guardnts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Tanglble flxed assets oirice equlpment Cost or valuatlon At 1 September 2024 9.799 Additions f.020 At 31 August 2025 10,819 DeprKlatlon At 1 Septernber 2024 7,107 Charge for the year 1.362 At 31 August 2025 8,469 Net book value At 31 August 2025 At 31 August 2024 Page 28
THE SOCIEff FOR THE ADVANCEMEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted by guarnntso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Debtor8 2026 2024 Due wlthln one year Trade debtors 6.886 13,235 Prepayments and accnwl inwie 15.644 112,968 14. Cr8dltors." Amounts falllng du8 wlthin one yèar 2025 2024 Trade creditors 19.726 4,727 Other taxation and socral security 6.264 4,261 Other creditors 872 3,126 Accruals and deferred irorne 64.130 96,402 Defee income indudes £57,570 in relation to ino)me rtteived for training and conferences to b8 held In 2025-26 within amounts falling due 4wthin one year and £NIL in respect of ftrture years shown as amounts falling due after more than one year {Note 15}. Of the total deferred income of £59.612 {2024.' £116,832), £59,612 {2024.. £115.8721 is unrestricted and £NIL12024.. £9601 is triCted. Page 29
ThE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmlted by guarn) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Crgdltors: Amounts falllng due after morn than one year 2025 2024 Accruals arKI defefred income Page 30
THE SOCIEfY FOR THE A0VANCEMEP OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlt8d ty guarnnts8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Ststement of funds ststgmont of funds - current year Balance at 1 September 2024 Balance at 31 August 2025 Transfers Inlout Income Expendtture Unrgstricted funds General Funds- all fvnds Restrlcted funds Templeton Worfd Foundation 194) ACE (Dramatic Enquiry) Hertford Theatre {8881 {721 Blue Cabin 13.8101 (1901 14,6041 1356) Totsl of funds Templeton Worfd Charity Foundation pleCt is fijnding 6 secondary schools to supwt P4C in RE and Saence and aims lo bulld d*p connections beeen these conpts that underpin these subje¢ts. ACE {Dr8matic Enquiry) Hertford Theatre Project is fijnded to enae chiltjren and young people from diverse and disadvantaged wards in the district to co create and design their own education and a route into the creative irKlu$tries Blue Cabin- Creative Pro11 wth Blu8 Cabin. Delivery of phik>sophy workshops in prisons and Young Offender Instrtutions. For further detail, please see the Trustees, Annual Report. Page 31
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATX)N (A company Ilmttgd by guarnntg91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Staternent of funds (continued Statoment of funds- prlor year Balance at I September 2023 Balance at 31 August 2024 Transfe in/out Income Expenditu Unrestrlcted funds Restrlctsd funds Peter Sowerby 3,629 (385) (3,244) Templelon Worfd Charrty Fovndation project 44.LY26 (44, 162) 136 ACE (Dramatic Enquiryl Hertford Theatre 5.519 (4.857) (662) Young PLqto (3.923) (77) 57,1T4 (53,327) (3,847) Total of funds Page 32
THE SOCIETY FOR THE ADVANCEMENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company limit•d by guar•ntse) NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 AUGUST 2025 17. Surnmary offunds Surnmary of fund5 - current year Balance at 1 Septsmber 2024 Balance at 31 August 2025 Transfers inlout Income Expenditurn Gener81 fiJrKI8 110.246 260.590 (369.2461 356 Restricted funds {4.6041 (356) Summary of funds- prlor year Balan at I September 2023 88lance at 31 August 2024 Tr8nsfe ilvo In(xJme Expendrfurg General funds 123.241 373,355 (390. t97) 3,84r 110,246 Restricted fiJnds 57,174 (53.327) (3.84TJ Page 33
THE SOCIETf FOR THE ADVANCEAIENT OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION IA company Ilmfted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 18. Analysls of ngt assots botwgen funds Anatyyls of net assets bein funds - rrent perlod Unrostrfctsd funds 2025 Total funds 2025 Tangible fixed assets 2,360 Intangib fixed assets 435 Current assets 89,143 89,143 Creditors due Mihin one year 189,9921 (89,9921 Total Analysls of ngt assots between funds- prlor perlod un$tcted funds 2024 Total fvnds 2024 Tangible )Ixed assets 2,692 2,692 Intangible fixgj assets 3. 150 3,1 Current assets 246.315 246,315 Creditors due within one year (108,516J (108,516) Creditors due in more than one year {33,395J (33,395) Total 19. Pension commitments The group operates a defined conlribution pension scheme. The assets ofthe scheme are held separately from those of the group in an indend8ndY administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £872 {2024 - £8361 were payable to the fund at the balance sheet date and are Ind in crèjrtors. Page 34
THE SOCIEff FOR THE ADVANCEMEKf OF PHILOSOPHICAL ENQUIRY AND REFLECTION IN EDUCATION (A company Ilmlted by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 20. Relatod party transactlons During the year, there were related paty transath.ons rdating to reimbursement for preparing and delivering training courses. Innovate and Create Ltd received £4,585. Paul Jackson (Trusteel is a Director and Rosie Wlson (Trusleel received £9,181. For further details see note 10. There were no other relatod paty transactions in the year. Page 35
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