Company number: 07739831 Charity number : 1148848 


## TRUSTEES REPORT 

AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 



DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company. its Trustees and advisers
Trustees. report
2-15
Independent auditor's report on the financial statements
16-19
Statement of flnanclal actlvltles
20
Balance sheet
21
ststement of cash flows
22
Notes to the financial statements
23-37

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2021
Trustees
S8rah Smith, Chair
Selwyn Calvin
Martin Chitty (resigned 31 August 20211
Matthew Clemenls-wheeler (resigned 31 August 20211
Laura Williams
Philip Davies lappoinled 1 September 20201
David Bolton (appointed 1 September 20201
Paul Stone lappoinled 1 September 20201
Joanna Cooney lappoinled 24 May 20211
Parmjit Singh lappointed 24 May 20211
Company registered
number
07739831
Charity registered
number
1148848
Registered office
Unit 3, Holt Court
Holt Street
Birmingh8m
B7 4AX
Company secretary
David Alcock
Chief executive officer
Sharon Bell
Independent auditor
Cooper Parry Group Limited
Chartered Accountants
Slatulory Auditor
Sky View
Argosy Road
East Midlands Airport
Casue Doninglon
Derby
DE74 2SA
Page 1

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
WHY WE EXIST
Our Vision and Mission
Setviees for Education is a unique charity that uses the power of leaming and of music to transform and
enh8nce the lives of ehildren, young people, adults, 8nd our wider Communities.
We bring learning and lo life.
Our work encompasses a broad mnge of settings, including".
Teaching pupils learning vocal and traditional instruments
to build technical and performance skills
alongside confidence and creativity, and encourage pursuit of music-based careers
Teaching non-traditional instruments andlor musical styles to raise the profile of these approaches and
encourage the expansion and diversification of musical experiences
Specialist work with SENDldisadvantaged groups- to increase engagement and attainment
Specialist work with Early Year settings- lo promote a positive start to life and leaming
Our Music School - to support lifelong learning and encourage the love of music amongst young people
and adults
Working with adults- lo promote wellbeing and positive mental health in later life
Bespoke consultancy, advi￿ and professional development programmes
enabling school leaders,
educators and governors to raise allainment levels, and develop and implement initiatives that improve
health, wellbeing, stsndards and outcomes to ensure all children and young people realise their full potential
academically, physically and emotionally.
To enable schools, wider educational settings, and those organisations working with children and young
people to develop safeguarding policy and practice that ensures the needs of all a￿ recognised and met
efficienuy and effectively.
Support, guidance, and development activities to those in the earliest stages of their teaching career in
order to enable them to become highly skilled, leading edge practitioners.
Our Values
Our values are extremely important lo us as these underpin our vision and mission..
VALUE FOR
MONEY
SECURE EDVCATION
PHILQ%)PHY
l¢r
hrt•¥pity
8ENEFmNG ¢XJR
CUSTOMERS
PASSION
¢Jo 151or th•
Everythin9 we do li
th passK*r4 c•r•
kJ•T>
Page 2

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
CHAIR'S INTRODUCTION
Welcome to our 2020121 Annual Report and Accounts. An incredible year in which, despite all the pressures, we
achieved remarkable outcomes lo benefit the young people and citizens of Birmingham. We have transformed
ourselves lo deliver our ServI￿S and our support in a virtual environment. And whilst the pandemic has tested
us, it has also brought out the very best.
As an organisation, we have become more responsive. As a team, we have become more agile - and as
partners to our customers, schools and the community, we have become more engaged.
11 is, of course, always encouraging lo witness success - especially when achieved in difficult times. We take
pride in the fact that our successes have been endorsed independently. In recent months, we have been
honoured to re￿1ve several significant award wins, regionally and nationally including the Music and Drama
Education Award for Outstanding Music Education Resource and the Greater Birmingham Chambers of
Commerce Award for Excellence in Education and Training.
The challenges posed by Covid-19 continue to shape our day-to-day operations. However, we are building on
our learnings Sin￿ March 2020 and planning for future growth, extending our reach and continuing to bring
music and learning lo life.
None of this would have been achievable without the enthusiasm and continuing commitment of our staff,
Iruslees, stakeholders and, of course, our donors and funders including Arts Council England. We were
fortunate to receive I￿0 grants from the Cultural Recovery Fund which have been pivotal in stsbilising our
operations in lurbulenl times. We will never be able lo express sufficient gratitude for those who have supported
us- and continue to do so- in a myriad of ways.
Sarah Smith
Chair of Trustees
Page 3

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
TRUSTEES REPORT
The Trustees and Directors of Services For Education Limited present their annual and strategic report and
audited financial statements for the year ended 31 August 2021. The company trades under the name Services
For Education ISFEI and will be referred lo as SFE in the rest of this document.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charities Act 2011 and Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts and in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
sin￿ the company qualifies as small under section 383, the strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report and Director's Reportl Regulations 2013 is not
required.
Our Approach to Safeguarding
All staff undertake annual safeguarding refresher training. This alternates be￿een fa￿ to face, and the SFE
online training course. All Music Staff now receive mid-year face lo facelonline update training lo help keep
safeguarding measures live. All new staff are required to undertake the online course before commencing
delivery for SFE. The SFE lead for Safeguarding carries out an annual review of all training conlenl lo ensure
this is in line with current policy and guidance IKeeping Children Safe in Education and Working Together lo
Safeguard Children). SFE has five members of staff who are trained as Designated Safeguarding Leads IDSLI,
and who are required to maintain their status through completing bi-annual update training. These five members
of staff manage all safeguarding queries and concerns, liaising with schools and external agencies as
appropriate. SFE safeguarding policy is reviewed annually. SFE is represented on the Birmingham
Safeguarding in Education group to ensure all company practice is aligned to the Birmingham Safeguarding
Children Partnership structures and pr0￿dUreS.
Our Approach to Fundraising
Services For Education is proud lo be registered with the Fundraising Regulator, the independent body which
sets and maintains the standards for fundraising in the United Kingdom. We are commilled lo the Fundraising
Promise lo ensure our fundraising activities are legal, open, honest, and respectfvi.
We work closely with an external fundraising consultant bid writer who supports our grants and trusts activity
which is currently our main fundraising income generation stream. Our focus this year has been to keep our
trusts and funding bodies up-to-dale about the impact covid has had upon our funded projects. The strategy
has been lo build a Ihree-year pipeline of funds which was on track until the pandemic hil, the plan moving
forward will be lo rebuild that pipeline.
From an individual and community perspective the strategy has been lo create more compelling slory-based
and outcome-based communications so that we start to build a relationship with donors rather than just being
transactional in our approach.
We are continuing to build relationships with corporates, through an approach based around six key ways
corporates can support and engage with SFE..
Charity of the year
Sponsorship
Affinity marketing
Payroll Giving
Stock Partnerships
Strategic Partnerships
In 2020121 SFE received no complaints about ils fundraising activity.
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
Our Approach to Quality
We pride ourselves in the quality of our services and the professionalism and skills of our highly talented
colleagues. As we teach music to 34,000 children per week, and deliver an extensive portfolio of training and
consultancy products to school leaders, il is essential that our customer facing teams keep at the forefront of
developments and best practice in their fields.
School Support
Online delivery continued to be the main delivery vehicle for our published programme and also in school
bespoke sessions. As il emerged that this would be a longer-term solution lo the issues raised by the pandemic
and lockdown, delegate feedback was closely monitored lo ensure the quality of training was maintained, and
any issues with remote leaming identified as quickly as possible. Staff undertook a programme of CPD to
develop their skills and approaches lo online training in order to create an experience that was no lesser than
the traditional face to face model, and ensure online sessions were as interactive as possible. Al points where
face lo face delivery was possible, schools were given the option where possible of returning to physical
sessions or remaining online.
Music
Throughout the pandemic, we have continued our series of ￿llIght CPD sessions for primary, secondary and
special schools. These take place every term and have seen music coordinators sharing best practice with each
other on how they have coped during COVID-19 and online learning. Sessions have also seen us supporting
them with composition from hub partners BCMG and singing with our vocal team and Ex Cathedra (hub
partners). We delivered our schools, Music Conference online, which was three evenings of online conlenl for
music coordinators across the city. We looked at the level of need required from schools and provided CPD on..
Composition in Primary Schools
Singing - What is a musical school?
TeChnol￿Y in the classroom
Building a music curriculum - using the new Model Music Curriculum as a starter
Makaton training
Ofsled and Deep Dive support
Online resources
We continue lo improve and develop our 'in house, CPD with the wider music team. sin￿ January 2021, we
have staged weekly twilight 'drop ins, for the music team. These have focussed on rolling out our whole portfolio
including WCIT and CMS online during lockdown 3. We also had sessions on Makaton, behaviour
management, managing workload, large group teams lessons, using online whiteboards and playback sofvare.
Our Essential Skills ￿llIght session continued lo run online where we provided support for key areas of delivery.
We also provided external CPD from the wider 14 Wesl Midlands Music Services- each Service released their
in-house training across the Midlands lonlinel and we provided support in WCIT, Looked After Children training,
Early Years provision and Curriculum Development and Enhan￿Ment.
Where possible, we provided lower level 'drop in, support for staff in the summer term. This was a welcome
return for fa￿-tO-faCe visits for Heads of DepartmenL
Customer Feedback
Customer feedback is obtained from all course delegates
response rates have improved by collecting
feedback online. Our music provision is informally benchmarked in regular conversations with other Music
Education Hubs, and we have been leading the way in how we have supported staff, parents and schools.
Throughout the move lo online delivery the feedback from course delegates has remained positive with 97Qkn of
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
delegates rating trainer delivery as ex￿lIent 1720/0) or good, and 960A rats'ng the course overall as excellent
1660/0) or good.
Over 2300,
delegates trained in
2020121_
OF HEADTEACHERS RATE
OUR COURSES EITHER
QF£(X185E ATtEPIOEES
WP GQYRSE MEr
EXCELLENT OR GOOD
EXPEcfAnoNS
Despite continuing to charge our standard fees al a time when there was an excess of free or low-cost online
training, we saw no drop off in delegate numbers. As face-lo-face sessions returned there was not a noticeable
change in either delegate numbers or responses lo the online offer.
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
OUR ACHIEVEMENTS AND PERFORMANCE
The TrusteeslDirectors have taken note of the Charity Commission's guidan￿ on public benefit in reviewing the
aims and objectives and in planning activities. In particular, the TrusteeslDirectors consider how the planned
activities contribute to the charity's aims and objectives and they ensure these are carried out for the public
benefit by delivering serVI￿S that are valued by the beneficiaries (school, pupils, teachers, parents) and which
deliver clear and definable benefit lo those beneficiaries.
wr rmpi c>Y
249
7.5 MILLION
INCOME
EMFiOYEES
221
56%
HIGHLY
TRAINED
TEACHERS
DFVFI.OPING
TRAINING
OVER
616
Nor5
SENiopSAFEGUARDING
STAFF EACH YEAR
PODCAST
DOWNLOADS
TO BECOME
TEACHING
PROVIDING FREE OVER 38.000 WE BRING MUSIC
INSTRUMENT5TO ALL
OUR MUSIC PUPILS
CHILDREN MUSIC,
IWEEKLY
AND LEARNING
TO LIFE
The academic year 2020121 is year one of 'Strategy 2025 Creating Tomorrow Today,, outlining our roadmap
for the next five years.
Our ambitions are..
To revolutionise educational learning to maximise participation, through
principleslevidence led educational practices
great teachers delivering great learning
offering personalised, flexible learning where appropriate
supporting the development of employability and skills
leading edge ServI￿S and resources
To be a key partner for raising standards and allainment in education in our city, region and nationally,
through
being the distinctive leader in our sector
providing agile and collaborative IresoLJrceful, bespoke andlor individualisedl solutions
leading and stimulating debate on key issues facing the education sector
encouraging widening of participation and development of a love of life-long learning for all ages
developing a sustainable organisation for the long term that allows us to support and progress key
initiatives
Page 7

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
To make important contributions to our society and communities, particularfy through our work with
disadvantaged groups and young people, through
innovation and application of our expertise
making a demonstrable impact
positive alumni and stakeholder engagement
These ambitions will be delivered through six organisation wide themes which all our colleagues can relate to in
their work. They are intended lo deliver a vibrant, resilient, and agile organisation fLJlly equipped to deliver our
vision and charitable purpose.
MAXIMISE IMPACT
AND RESULTS
IJELIVtR >usTAINABLi
GRowfH
tXLELLtNCE IN
PRACTICE
OEVELOP EFFECTIVE
STRATEGIC
PAR TNERSHIPS
INSPIRE AND
ENGAGE
INNOVATION AND
CREATIVITY
Key achievements in each of these streams are highlighted below.
m￿ri#11se Impoct and Resulls
Our priority during 2020121 has been in maintaining delivery throughout the pandemic across all streams of
acb'vity within School Support and Music. Risk assessments have been constantly updated, adapting as
necessary for the guid8nce impacting schools. The decision to convene virtual music ensembles was an
important foundation for restarting in person post the year end Isep 20211. The decision was taken to remain in
our eurrent premises for the next two years, so that we could better understand our ongoing space
quirements, considering the impact of Covid-19 on ways of working and customer preferences. The use of our
CRM system has been significsntly enhanced during the year, allowing for accurate reporting of the music order
book and bespoke School Support products. This means that all our course sales informab'on is now accessible
from one centr81 system.
Deliver s￿laInable Growth
Our focus within Music has been to re-engage schools who may have suspended provision during Lockdown 1,
and to make prog￿SS back to pre-pandemic levels of activity. As society continues to navigate Covid-19, this is
an ongoing work in progress. The move to online trsining has enabled our footprint to grow, and we have
welcomed allendees from across the UK selling in lots12005 course places. Both teams had the opportunity lo
deliver a virtual workshop overseas.
A new pricing strategy and associated model has been introduced, ensuring the true costs of a bespoke piece
of work are CaptU￿d - informed pricing decisions can then be driven by this informab'on. Existing product lines
have been reviewed in light of this model.
A new safe-guarding subscription service was successfully launched with 55 schools using this product in its
first year.
Eycellence in Practice
National recognition for our work has been received (winner of Outstanding Music Education Resource in the
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
national Music and Drama Education Awards 2021, and Excellence in Training and Education, Greater
Birmingham Chambers of Commerce Awards 20211 and improved the external brand reputation and recognition
of SFE.
Through an integrated marketing campaign, the highest number of recruits since 2014115 were recruited onlo
the Initial Teacher Training Programme stsrting in Sept 2021.
Key processes have been reviewed highlighting areas for development in the forthcoming year. An outcome of
this work will be lo seek greater automation in the month end processes during Autumn 2021.
Develop Effective Sirategic Partnerships
As the lead oryanisalion for the Bimiingham Music Education Partnership, working in collaboration with Arts
Council England and other leading cultural organisalions across the City is key lo our work. We value our
relationships with these partners, ensuring that the offer is strong for the children and young people of
Birmingham.
We work elosely with Birmingham City Council across a number of areas, and il has been encouraging lo see a
growth in our work with Virtual School pupils, for whom the access lo music tuition became very important,
particulady during Lockdown 1.
Inspire und Engage
We welcomed five new trustees onlo our Board during the financial year, all who had been inspired by our vision
as an organisalion and the impact that we have. In doing so we increased the breadth of experience and
diversity of the Board. We have created more opportunities for colleagues lo gel involved in areas which impact
all of SFE. Wellbeing Champions and members of a Diversity and Inclusion Group were recruited towards the
end of the financial year and we look forward lo their work in 2021122.
Innovation and Creativity
This has been the theme which has defined the approach to all of our work during the period. Every team has
demonslraled continual innovation and creativity to ensure continuity of service, alongside the government
guidan￿ in place at any given lime.
RISKS AND UNCERTAINTIES
The Directors have assessed the major risks to which the company is exposed, in particular those related lo the
operations and fInan￿S of the company, and are satisfied that systems and prO￿dureS are in place lo mitigate
our exposure to the major risks. A thorough review is undertaken on al least an annual basis, with amendments
made during the year as required.
The principal risks identified by the TrusteeslDirectors are..
reductions in demand for music and school support services, caused by recurring lockdowns stemming
from Covid-19 andlor subsequent P8ndemies
mitigated by.. enabling delivery of all our servi￿$ through virtual plaffomis, working closely with customers lo
align delivery to their circumstances, enabling all colleagues to work from home when required
reductions in funding for music in schools through the Arts Council Grant andlor ￿ductIOnS in school
funding which will result in redU￿d ability or willingness to purchase SFE'S services
mitigated by. expansion of services both in type of service and the geographical reach of delivery. Advocacy of
the benefits and imp8Ct of SFE'S servitss.
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
changes in education policy impacting income streams in the School Support Service
mitigated by.. close monitoring of education landscape and monthly meetings implemented with Bimiingham City
Council to continually understand direction of travel
significant increases in core costs such as rent, utilities, employment costs, cost of musical instruments
purchase and repair.
mitigated by.. active management of suppliers and monitoring of costs
effective cash management to match the SFE business cycle and episodic revenue profile
mitigated by.. Close and frequent cash position monitoring combined with highly proactive Invol￿ payment
management and debt collection. During the financial year 2019120, application approved for Coronavirus
Business Interruption Loan Scheme in De￿mber 2020. This was drawn down in February 2021 In order lo
mitigate against continued Un￿rtaInty during 2020121.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
General
Monthly management accounts continued to be delivered to a strict reporting timetable with figures provided lo
SLT on the 10th working day after each month end. This provides timely information for decision making. A
budget reforecast was performed after the production of December actuals, and again during the annual budget
process. Close financial monitoring was a priority item on all Board meetings as we continued to navigate the
uncertainties caused by Covid-19 reslriclions and associated lockdowns, and their impact in schools.
Subsequent to the year-end we have implemented a Finance and Audit Sub - Committee, enabling a subgroup
of Trustees to have a more in-depth focus on financial perfotrnan￿ between meetings of the main Board.
The￿ continues to be a strict focus on credit control. The aged profile of debtor balances improved during the
year and this trend has continued since the year end. Debtor balances are reviewed at weekly meetings of the
Senior Leadership Team and where appropriate customer facing colleagues are engaged in assisting recovery
of difficult debts.
The statement of financi81 activities sh()ws net ineome for the year of £932,885 12020.. £109,059). The net
income on unrestricted funds was £446,166 12020.. £80:6831 and there was a net income of £486,719 on
restricted funds12020. £28,376).
Despite a reduction in unrestricted income year on year of £327,518, predominantly eaused by reduced school
orders for music luilion and reduced demand for our training course offer, this was more than offset by a
duction in unrestricted expenditure of £693,001. Control of costs was seen as vital in order to navigate the
difficulties imposed on our customer base by the Covid 19 pandemic, and the corresponding impact on the
charity. Additionally, we were able make use of the flexible nature of the furlough scheme land the extensions Its
the duration of this scheme) which boosted CJRS receipts by £105,290 year on year.
During 2020121, income from grants were crilieal in supporting the charity lo continue providing their ch8ri18ble
activities. Our eore grant was received from Arts Council England lotalling £2,011,62412020". £2,027,567) and
then from the Culture Recovery Fund ICRFI tol811ing £709,200 12020." £nill. The Culture Recovery Fund
provided emergency funding to support the charity with the financial impact and ongoing uncertainties of the
Covid-19 pandemic. Specifically, the Cultural Recovery Fund ICRFI has helped the charity lo support schools
who are slowly and cautlously re-introducing music to the curriculum. In a normal year the majority of music
orders would have been placed by September, however, schools have been placing orders throughout the year
Causing the timetabling of teaching to be less efficient and therefore the charity has incurred greater delivery
costs le.g. a greater number of visits being required lo a school setting). The CRF supports project costs
incurred until the end of December 2021, and therefore post year end eontinues to support music in an
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
increased number of settings in Autumn 2021.
Reserves
It is the policy of the Board that cumulative unrestricted funds available to cover operational costs should be
maintained al a minimum figure of £1,500,000. In addition, cash balances should be maintsined at a minimum
of £1,000,000 throughout any financial year. This is to cover any immediate operational costs and to enable the
charity to respond to changes in government policy and funding streams, with an increased balance al 31
August in any year of £1,500,000 reflecting the seasonal nature of the cash flow. This reserves policy is
reviewed annually by the Board in order to ensure ils adequacy in relation lo the scale of the Company's
operations.
At 31 August 2021 there were unrestricted funds carried forward of £1,942,961 {2020'. £1,496,795), therefore
the reserves policy level of available funds of £1,500,000 has been exceeded.
Whilst year end cash levels and reseNes are in excess of those staled within policy, this is felt by Trustees to be
a temporary situation whilst Un￿rtaInty remains around the buying behaviour and patterns of school customers
in the next 18-24 months. Current forecasts indicate it will take lime before a return to pre pandemic orders.
Consequenuy, a deficit budget has been set for 2021122 although through on-going cost control, the aim will be
lo break even. Trustees recognise that the increase in unrestricted reserves may support investment which may
be an enabler for greater operational efficiency which in turn would support the transition from future deficit
forecasts, through to break even. Following the stabilisalion of activity Post pandemic, Trustees will review the
Reserves Policy lo ensure that it is fil for purpose.
The cash balan￿ al the year ended 31 August 2021 stsnds al £2,830,643 12020.. £1,399,240), an increase on
the prior year of £1,431,403 and for the reasons outlined above, is in excess of the £1 m minimum level set
despite the challenges of the last year.
The cash balan￿ has benefited from the receipt of CU￿Ure Recovery Grants of £709,200 and a loan from
Lloyds of £250,000 under the Coronavirus Business Interruption Loan Scheme. These receipts have helped the
organisation lo navigate potential cashflow difficulties during the Covid 19 pandemic. Due to the better than
originally forecast cashflow situation, the loan of £250,000 was repaid in full to Lloyds in February 2022 before
interest became chargeable. The remaining excess cash will support the organisation to invest and grow as the
effects of the pandemic diminish.
Going Concern
The financial slalemenls have been prepared under the going concern basis. The Directors reviewed and
agreed on the budget for the financial year 2021122 which indicated that, barring unforeseen circumstsnces, the
charity will continue lo be able lo meet all obligations as they fall due and will over time be able lo build suitable
resetves. The budget is subject to reforecasting quarterfy during the year which allows for remedial action to be
taken if deemed required.
The Directors have specifically considered the impact of the Covid-19 pandemic on the continuing operations of
the charity. Financial projections and cashflow forecasts have been prepared by Senior Leadership Team which
have been updated on a regular basis and reported to Directors accordingly. Whilst il is evident that the Covid-
19 pandemic will continue to have a significant impact on the 2021122 results, with a budgeted deficit. A
reforecast performed after the December 2021 actuals has redU￿d this defi'cit. Through careful financial
management, a break-even position is likely lo be realised. The Directors, therefore, have a reasonable
expectstion that SFE has adequate reSoUr￿S to continue in operational existence for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
General
Services For Education (formerly S4E Limiledl is a registered charity in England and Wales INO. 11488481 and
a company (No. 077398311 limited by guarantee. It was sel up by a Memorandum of Association on 15 August
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DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
2011 and is governed by ils Memorandum and Articles of Association.
Services For Education ISFEI is a unique charity that uses the power of learning and music to create and build
confidence amongst children, young people, adults and communities. We aim to bring leaming and music lo
life.
The principal objects of the company are..
the advancement of education, particularly through the promotion of high-qualily leaching and learning.,
the advancement of the care, safely and upbringing of children and young people by..
supporting and assisting those in need, their families and carers
promoting their health
advancing their education
the advancement of the arts and culture, particularly through the promotion and teaching of music.
everything we do is delivered with passion and care.
The company continues to focus on the quality of all services provided and to seek to expand both the mnge of
services as well as their geographical reach.
The Board
The Board of Trustees is responsible for the overall governance of Services For Education and meet at least bi-
monthly during the year. More regular Meetings have tsken place when required to address the ongoing
challenges caused by the Covid-19 pandemic. New trustees are elected and co-opted under the terms of the
Articles of Association and following an open recruitment process.
New Iruslees undertake a comprehensive inducts'on process, which includes meetings with each member of the
Senior Leadership Team and follow up meetings as required.
The Chair of Trustees, Martin Chitty retired at the Board meeting on 29 March 2021 and was replaced by Sarah
Smith.
Strategic management
ChiefExecutive
Authority lo conduct the day-to-day activities of Services For Education is delegated to the Chief Executive,
Sharon Bell, who is responsible for ensuring that the agreed strategy is implemented, and the necessary
controls are in place lo govern the organisalion.
The Chief Executive is supported by the Senior Leadership Team ISLTI which comprises Lindsay Allen (HR
Director)., Tracy Carlton (Marketing and Business Development Director)., Stuart Birnie (Head of Music Service).,
Andrew Cooper IHead of School Support Service)., Sarah Marshall (Head of Shared Services)., and Carl Black
(Finance Manager).
The Senior Leadership Team meets weekly, with additional monthly sessions focussing on strategy and long-
term planning. A Strategic Oversight Group meets on a fortnighlly basis, comprising three members of the
Senior Leadership Team and the focus this year has been ensuring the implemenlalion of key processes
around costings and recruitment.
Remuneration Policyfor Key Personnel
The remuneration of the Chief Executive is set by the Board of TrusteeslDireclors based on advice from market
recruitment specialists.
The remuneration of senior staff is sel by the Chief Executive in consultation with the Chair of Trustees and is
Page 12

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
based on both advice from market recruitment specialists and on industry benchmarks depending on the
discipline of the employee.
EMPLOYEES
During the FY20-21 period, Services For Education employed 231 staff on average.
The financial year involved a further period of school closures, and so there was another period when all our
colleagues were working from home. During Lockdown 1 we were able to ensure that everyone had the access
lo the systems and equipment to perform their role. Self-assessmenl checklists to confirm the suilabilily of the
temporary homeworking environment were re-circulated and aclioned, as necessary. Use was made of the
Coronavirus Job Retention Scheme Ifurloughl where insufficient work was available lo meet contracted weekly
hours. This was reviewed and updated at least monthly as changes were made to school orders, with use of the
scheme peaking around February 2021 before reducing as schools started lo reopen.
Regular weekly communications include an informal Monday video by the Chief Executive and a weekly written
communication (ln The Knowl issued on a Wednesday. Staff Forum meetings are normally held bi-monthly, but
have been held monthly during the pandemic. Minutes fmm all Staff Forum meetings are shared with staff,
normally within 2 weeks of the meeting date, and archive copies are available through the SFE Sharepoint
pages al any time. Through these methods and localldepartmenlal updates, colleagues have received regular
and consistent SoUr￿S of information during an uncertain period. There was an opportunity to bring colleagues
together al an informal social in July 2021 which was warmly re￿iVed by staff.
We are grateful to the members of the Staff Forum who have worked closely with the Senior Leadership Team
during this period and helped us shape the business responses to the challenges that have arisen.
75.2Q/o of colleagues completed the staff survey in May 2021 12020.. 64.30/01, resulting in an engagement score
of 75V/o 12020.. 810/01. Working with the external provider, the 2021 survey moved lo using pre-populated
demographic dats whilst maintaining colleague anonymity. This has resulted in more granular reporting
functionality which has allowed us to identify and respond lo particular areas of good practice andlor COn￿M.
Diversity and Inclusion
SFE is commilled to valuing diversity, encouraging inclusion and eliminating discrimination in both its role as an
employer and as a provider of services. Our aim is that our employees are truly representative of all sections of
society and work in an environment where everyone is respected and able to perform lo the best of their ability.
Our policy is lo provide equality and fairness for all in our employment and in our provision of services, and not
lo discriminate on grounds of gender, marital status, race, ethnic origin, nationality, disability, sexual orientation,
religion or age.
SFE opposes all forms of unlawful and unfair discrimination. 11 is our policy lo provide a suitable environment for
people with disabilities. All reasonable facilities will be provided for employees with disabilities to perform their
roles without difficulty or disadvantage.
We will not lolerale direct or indirect discrimination against any person on grounds of age, disability,
genderlgender reassignment, marriagelcivil partnership, pregnancylmalernity, race, religion or belief, sex or
sexual orientation, whether in the field of recruitment, terms and conditions of employment, career progression,
training, transfer or dismissal.
11 is also the responsibility of all employees in their daily actions, decisions and behaviour, to endeavour lo
promote these concepts, to comply with all relevant legislation and lo ensure they do not discriminate against
colleagues, customers, suppliers or any other person associated with the business.
In adopting these principles, SFE..
will not tolerate acts that breach this policy and all such breaches or alleged breaches will be taken
Page 13

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
seriously, fully investigated and may be subject to disciplinary action, where appropriate.
fully recognises its legal obligations under all relevant legislation and codes of pracliTr.
will allow staff lo pursue any matter through the internal procedures which they believe has exposed them lo
inequitable treatment within the scope of this policy. Copies of these procedures are available lo all staff
through the website.
will ensure that all managers understand and maintain their responsibilities and those of their team under
this policy.
will offer opportunities for flexible working pallerns, wherever operationally feasible, lo help employees lo
combine a career with their domestic responsibilities.
will provide equal opportunity to all who apply for vacancies through open competition.
will select candidates only on the basis of their ability to carry out the job, using a clear and open process.
will provide all employees with the training and development they need to carry out theirjob effectively.
will provide all reasonable assistance lo employees who are or who become disabled, making reasonable
adjustments wherever possible lo provide continued employment. We will ensure an appropriate risk
assessment is carried out and that appropriate specialist advice is obtained when ne￿Ssary.
will distribute and publicise this policy statement throughout the company.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Directors Iwho are also Trustees of SFE for the purposes of charity lawl are responsible for preparing the
Directors, report and the financial statements in accordance with applicable law and United Kingdom Accounting
standards (United Kingdom Generally Accepted Accounting Practi￿1.
Company law requires the Directors lo prepare financial statements for each financial year. Under company law
the Directors musl not approve the financial stslemenls unless they are satisfied that they give a true and fair
view of the slate of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing these
financial statements, the Directors are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent",
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable company's transactions and disclose with reasonable accuracy at any time the financial position
of the charitsble company and enable them lo ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the Maintenan￿ and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the preparation and
disseminats'on of fi'nancial ststemenls may differ from legislation in other jurisdictions.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are Directors at the lime when this Directors, report is approved has confirmed..
That so far a5 that Director is aware, there is no relevant audit information of which the charitable
company's auditor is unaware, and
Page 14

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2021
that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any
information needed by the charitable company's auditor In connection with preparing this report and lo
establish that the Charitable companls auditor is aware of that informabon.
Approved by order of the members of the board of Trustees and signed on their behalf by..
by.
OA652AFEEe41C...
Sarah Smith
ITrusleel
Dale.. 28 April 2022
Page 15

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVICES FOR EDUCATION LIMITED
Opinion
We have audited the financial statements of Services for Education Limited Ilhe 'charilable company'l for the
year ended 31 August 2021 which comprise the Statement of Financial Activities, the BalanTr sheet, the
Stslemenl of cash flows and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation Is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as at 31 August 2021 and of its
Incoming reSoUr￿S and application of resour￿$, including Ils income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice," and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in 8ccord8nce with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Elhieal Standard, and we have fulfilled our other ethical
sponsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financi81 statements, we have concluded that the Trustees, use of the going COn￿M basis of
aceounling in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uneertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo
continue as 8 going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 16

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVICES FOR EDUCATION LIMITED
ICONTINUEDI
Othgr information
The other Infomialion comprises the information included in the Annual report other than the financial
statements and our Auditor's report Ihereon. The Trustees are responsible for the other information contained
within the Annual report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicidy stated in our report, we do not express any fomi of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially Inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears lo be materially misslaled. If we Identify such material Inconsistencies or
apparent material misstslements, we are required to determine whether this gives rise to a material
misslatemenl in the financial stslements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other mattors prescribod by the Companigs Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. Report for the financial year for which the financial statements are
prepared Is consistent with the financial statements.
the Trustees, Report has been prepared In accordan￿ with applicable legal requirements.
Matters on which are required to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstslemenls in the Trustees. Report.
We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial slalements are not in agreement with the accounting records and returns,. or
ertain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for OLJr audit". or
the Trustees were not entitled to prepare the financial statements in aceordanee with the sm811
companies regime and lake advantage of the small companies, exemptions in preparing the Trustees.
Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustèes, ￿sponSibl11t1eS ststemenl, the Trustees Iwho are also the directors of
the ch8ritsble company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements, the Trustees are ￿spOnSible for assessing the charitable company's
ability lo continue as a going concern, disclosing, as applicable, matters ￿lated lo going concern and using the
going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or lo
cease operations, or have no realistic alternative but lo do so.
Page 17

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVICES FOR EDUCATION LIMITED
ICONTINUEDI
Auditorfs responsibilitigs for tho audit of the financial statements
Our objectives are lo obtsin reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due to fraud or error, and to issue an Auditor's report that Includes our
opinion. Reasonable assurance is a high level of assuran￿, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿lay$ delect a material misstalemenl when Il exists. Misstatements can arise
from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are Instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstatements In respect of
Irregularities, including fraud. The extent lo which our procedures are capable of delecling Irr￿UlaritieS,
Induding fraud is detailed below..
Our assessment focussed on key laws and r￿ulationS the charitable company has lo comply wth and areas of
the financial statements we assessed as being more susceptible to misstatement. These key laws and
regulations included but were not limited lo compliance with the Companies Act 2006, Charities Act 2011,
taxation legislation, dats protection, anti-bribery and employment legislation.
We are not responsible for preventing irregularities. Our approach lo delecling Irregularities included, but was
not limited to, the following..
obtaining an understanding of the legal and regulatory framework applicable to the charitable company and
how the charitable company isomplying with that framework, including agreement of financial statement
disclosures to underfying documentation and other evidence.,
obtaining an understanding of the caritsble company's control environment and how the charitable company
has pplied relevant control procedures, through discussions with Trustees and other management and by
performing walkthrough lesling over key areas,.
obtaining an understanding of the caritable company's risk assessment process, including the risk of fraud.,
reviewing meeting minutes of those charged with governance throughout the year,. and
performing audit lesling to address the risk of management override of controls, including testing journ81
entries and other adjustments for appropriateness, evaluating the business rationale of signifi'cant
transactions outside the normal course of business and reviewing accounting estimates for bias.
Whilst considering how our audit work addressed the detection of irregularities, we also considered the
likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult lo
detect than those arising from error.
Because of the inherent limitstions of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financi81 statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
flected in the financial statements, as we will be less likely to become aware of InStan￿S of non-compliance.
The risk is also greater ￿gardIng irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at". www.frc.or
.uk/audilorsres
onsibilities. This description forms part of our
Auditols report.
Page 18

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SERVICES FOR EDUCATION LIMITED
ICONTINUEDI
Use of our report
This report is made solely lo the charitsble company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the
charitable company's members those matters we are required to slate lo them In an Audilorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charitsble company and its members, as a body, for our audit work, for this report, or for the opinions
we have formed.
Glen Bott FCA (Senior statutory auditor)
for and on behalf of
Cooper Parry Group Limited
Chartered Accountants
statutory Auditor
Sky View
Argosy Road
East Midlands Airport
Castle Donington
Derby
DE74 2SA
Dale. 28 April 2022
Page 19

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2021
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Total
funds
2020
Note
Income from:
Donations and legacies
Charitable activities
45,611
4,386,526
2,784,077
2,829,688
4,386,526
2,191,047
4,739,560
Totsl Income
4,432,137
2,784,077
7,216,214
6,930,607
Expendlture on:
Charitable activitie$
3,985,971
2,297,358
6,283,329
6,821,548
Total expenditure
3,985,971
2,297,358
6,283,329
6,821,548
Net movement in funds
446,166
486,719
932,885
109,059
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
1,496,795
446,166
239,973
486,719
1,736,768
932,885
1,627,709
109,059
Total fund$ carried forward
1,942,961
726,692
2,669,653
1,738.768
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 23 to 37 form part of these financial statements.
Page 20

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
REGISTERED NUMBER: 07739831
BALANCE SHEET
AS AT 31 AUGUST 2021
2021
2020
Note
Fixed assets
Tangible assets
10
561,564
781,660
561,564
781,660
Current assets
Debtors
Cash al bank and in hand
11
644,789
2,830,643
522,546
1,399,240
3,475,432
1,921,786
Creditors." amounts falling due within one
year
12
11,142,343>
1966,6781
Net current assets
2,333,089
955, 108
Total assets less current liabilities
2,894,653
1,736,768
Creditors." 8mounls falling due after more
than one year
13
1225,0001
Net assets excluding pension asset
2,669,653
1,736,768
Total net assets
2,669,653
1,736,768
Charity funds
Reslricled funds
Unrestricted funds
14
14
726,692
1,942,961
239,973
1,496,795
Totsl funds
2,669,653
1,736,768
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entibes subject lo
the small companies regime.
The financial stslemenls were approved and authorised for issue by the Trustees and signed on their behalf by..
Oo¢usb￿dty.
C3QAB52AFEE641C..
Sarah Smith
Ichair of Trustees)
Dale.. 28 April 2022
The notes on pages 23 to 37 form part of these financial statements.
Page 21

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2021
2021
2020
Cash flows from operating activities
Nel cash used in operating activities
1,202,125
216,843
Cash flows from investing activities
Purchase of 18ngible fixed assets
120,7221
1106,4401
Net cash used in investing activities
120,7221
1106,4401
Cash flows from flnanclng actlvltles
Cash inflows from new borrowing
250,000
Net cash provided by financing activities
250,000
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
1,431,403
110,403
1,399,240
1,288,837
Cash and cash equivalents at the end ofthe year
2,830,643
1,399,240
The notes on pages 23 to 37 form part of these financial statements
Page 22

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
General inft>rmation
Services For Education Limited is a charitable company limited by guarantee and registered and
domiciled in England. The address of the registered office Is Unit 3, Holl Court, Holt Street, Birmingham
Science Park, Aston, Bimiingham, 87 4AX.
The financial statements are prepared in sterling, which is the functional and presentslional currency of
the Charity. Monetary amounts In these financial statements are rounded lo the nearest £.
The company Is a company limited by guarantee. The members of the company are the Directors
named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is
limited to £1 per member.
Accounting policios
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Services For Education Limited meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounb'ng policy.
2.2 Going concern
The financial statements have been prepared on a going concem basis. The Directors have
conisdered relevant information, including the annual budget, forecast future cash flows and the
impact of subsequent events in making their assessment. The COVID-19 pandemic and the
ensuing economic shutdown has had a significant imp8Ct on the company's operations. Delivery of
services has been adapted to take account of the shutdown but il is recognised that there will be an
impact on invoieed ServI￿S and also fundraising income. Steps a￿ being taken to reduce costs
and finances are being closely monitored. In response to the COVID-19 pandemic, the Directors
have performed a robust analysis of forecast future cash flows taking into account the potenti81
impact on the business of possible futu￿ scenarios arising from the impact of COVID-19. This
analysis also considers the effectiveness of available measures to assist in mitigating the impact.
Based on these assessments and having regard to the resources available to the entity, the
Directors have eoncluded that there is no material uncertainly and that they can continue to adopt
the going concern basis in preparing the annual report and accounts.
Page 23

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accounting policios Icontinuedl
2.3 Incomg
All income is recognised once the Company has entitlement to the income, it Is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income for serviTrs is recognised in the Stslement of Financial Activities on a receivable basis on
completion of the servi￿.
Grants are included In the Statement of financial activities on a re￿1vable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the Balance sheet. Where Income is received in advan￿ of entitlement of reTript, Its
recognition is deferred and included in creditors as deferred Income. Where entitlement occurs
before income Is received, the income Is accrued.
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each acb.vity are made up of the total of direct costs and shared costs,
including support costs inVo￿ed in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
2.5 Tangible fixod assgts and dgprgciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into ils Intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following basis..
Short-temi leasehold property- over the temi of the lease
Fixtures and fittings
25'/o on a slraighl line basis
Computer equipment
33.3'k on a straight line basis
Music instruments
10 /9-13.3°￿ on a slraighl line basis
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Page 24

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accounting policios Icontinuedl
2.7 Cash at bank and in hand
Cash at bank and in hand Includes cash and short-term highly liquid Investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balan￿ sheet date as a result of a past
event, Il is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates il will pay to settle the debt or
the amount it has received as advanced payments for the goods or ServI￿S it must provide.
Provisions are measured al the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision Is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount Is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instrumgnts
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.10 Opgrating 1gaSOS
Rentals paid under operating leases are charged to the Statement of financial activities on a straight
line basis over the lease temi.
Benefits re￿iVed and re￿1vable as an incentive to sign an operating lease are recognised on a
straight line basis over the lease term, unless another systematic basis is representative of the time
pattem of the lessee's benefit from the use of the leased asset.
2.11 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company lo the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund Is set out in the notes lo the financial statements.
Page 25

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Critical accounting ostimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experien￿ and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The key assumptions conTrrning the future and other key sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year Include depreciation rates for tangible fixed assets and
their residual values.
Key estimates and judgements in relation to the financial statements include..
Allocation of support costs
Cost of instruments originally transferred to the charity in 2013 which were recognised al an estimate of
the replacement cost of the instruments as adjusted lo reflect age and condition.
Income from donations and logacies
Unrostrictod
funds
2021
Rgstricted
funds
2021
Total
funds
2021
Donations
Grants
31,861
13,750
63,253
2,720,824
95,114
2,734,574
45,611
2,784,077
2,829,688
Included within Grants there is £2,011,624 from Arts Council England, £709,200 from the Culture
Recovery Fund and £13,750 from Birmingham City Council.
Unrestricted Restricted
funds
funds
2020
2020
Total
funds
2020
Donations
Arts Council England
20,095
143,385
2,027,567
163,480
2,027,567
20,095
2,170,952
2,191,047
Page 26

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Income from charitablg activities
Unrestricted
funds
2021
Total
funds
2021
Music
School support
Other
2,969,233
1,100,899
316,394
2,969,233
1,100,899
316,394
4,386,526
4,386,526
Included within Other is income of £31 6,250 claimed under the Government's Coronavirus Job Retention
Scheme ICJRSI.
Unrestricted
funds
2020
Total
funds
2020
Music
School support
other
3,371,890
1,150,800
216,870
3,371,890
1,150,800
216,870
4,739,560
4,739,560
Included within Other is income of £210,960 claimed under the Government's Coronavirus Job Retention
Scheme ICJRSI.
Analysis of expenditure by activities
Activities
undertaken
directly
2021
Support
costs
2021
Total
funds
2021
Music
School support
Other
4,136,659
719,940
1,229,365
196,413
952
5,366,024
916,353
952
4,856,599
1,426,730
6,283,329
Page 27

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Analysis of expendituro by activities Icontinugdl
ActivitlOS
undertaken
directly
2020
Support
osts
2020
Total
funds
2020
Music
School support
Other
4,522,620
711,860
1,369,012
212,263
5,793
5,891,632
924,123
5,793
5,234,480
1,587,068
6,821,548
Anatysis of direct costs
Direct costs
School
Support
2021
Direct costs
Music
2021
Total
funds
2021
Staff costs
Depreciation
Music resources
Performance costs
Venue hire
Project costs
Travel & subsistence
3,670,598
224,823
54,761
114,421
9,989
547,750
4,218,348
224,823
54,761
114,421
9,989
72,394
25,806
8,230
129,827
72,394
72
25,734
6,230
30,103
Training
Consultancy
99,724
4,136,659
719,940
4,856,599
Page 28

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Analysis of expendituro by activities Icontinugdl
Analysis of dirgct costs {continuod)
School
support
2020
Total
funds
2020
Music
2020
staff costs
Depreciation
Music resources
Performance costs
Venue hire
Project costs
Travel & subsistenee
3,811,991
327,978
49,873
152,503
61,169
596,211
4,408,202
327,978
49,873
152,503
61,838
35,034
53,835
36,351
108,716
150
669
35,034
661
53,174
36,351
29,431
150
Training
Consultancy
Professional fees
79,285
4,522,620
711,860
5,234,480
Analysis of support costs
Direct costs
- School Direct Costs
Support
- Other
2021
2021
Direct Costs
Musi
2021
Total
funds
2021
staff costs
Depreciation
Project costs
Travel & subsistence
Training
Office costs
855,140
14,076
21,942
3,714
19,740
46,660
103,048
18,036
34,796
29,388
642
116,610
1,919
13,792
507
2,960
24,067
14,052
2,460
4,745
4,007
87
971,750
15,995
35,734
4,221
22,700
70,727
117,100
20,496
39,541
33,395
1,681
81,680
11,710
Premises costs
Insurance
Marketing and publicity
Professional fees
Bank charges
Irrecoverable VAT
Governance costs
952
71,878
10,305
9,802
1,405
1,229,365
196,413
952
1,426,730
Page 29

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Analysis of expendituro by activities Icontinugdl
Analysis of support costs Icontinuedl
School
support
2020
Total
funds
2020
Music
2020
Other
2020
staff costs
Depreciation
Project costs
Bad debt expense
Travel & subsistence
Training
Seconded staff
834,424
35,423
101,032
34,672
2,902
21,706
2,981
55,448
94,487
17,499
39,350
44,336
2,848
74,612
7,292
113,785
4,830
13,777
4,728
396
2,960
407
948,209
40,253
114,809
39,400
3,298
24,666
3,388
87,152
107,371
19,885
44,716
51,746
9,029
84,786
8,360
Office costs
Premises costs
Insuran
Marketing and publicity
Professional fees
Bank charges
Irrecoverable VAT
Governance costs
31,704
12,884
2,386
5,366
7,410
388
10,174
1,068
5,793
1,369,012
212,263
5,793
1,587,068
Auditorfs remuneration
2021
2020
Fees payable lo the Company's auditor for the audit of the Company's
annual accounts
10,500
10,500
Fees payable to the Company's auditor in respect of".
All non-audil services not included above
1,000
Page 30

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Stsff costs
2021
2020
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
4,461,618
344,592
383,888
4,535,650
359,965
460,796
5,190,098
5,356,411
The average number of persons employed by the Company during the year was as follows..
2021
No.
2020
No.
Music
203
227
School support
Administration
Fundraising
10
18
18
231
257
The number of employees whose employee benefits {excluding employer pension costs) exceeded
£60,000 was.
2021
No.
2020
No.
In the band £60,001 - £70.000
In the band £70,001 - £80,000
In the band £80,001- £90,000
In the band £90,001- £100,000
Two additional employees are disclosed in the £60k-£70k banding this year. These fv40 employees
would have also been disclosed in the previous year however, salaries were redU￿d for all employees by
200A between June and August 2020 as a result of the pandemic. This meant the salaries for the two
employees in question fell below £60k.
The total employee benefits re￿iVed by key management personnel in the year was £648,217 12020..
£628,410>.
Trustees. remuneratlon and expenses
During the year, no Trustees re￿iVed any remuneration or other benefils12020 - £NILI.
During the year ended 31 August 2021, no Trustee expenses have been incurred12020- £NILI.
Page 31

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
10.
Tangiblg fixed assets
Short-temi
leasehold Flxtures and
property
flttings
Computer
Muslcal
equipment Instruments
Total
Cost or valuation
At 1 September 2020
Additions
93,406
124,839
7,707
93,919
3,211,832
13,015
3,523,996
20,722
At 31 August 2021
93,406
132,546
93,919
3,224,847
3,544,718
Depreciation
At 1 September 2020
Charge for the year
93,406
100,246
15,995
93,919
2,454,765
224,823
2,742,336
240,818
At 31 August 2021
93,406
116,241
93,919
2,679,588
2,983, 154
Net book value
At 31 August 2021
16,305
545,259
561,564
At 31 August 2020
24,593
757,067
781,660
11. Debtors
2021
2020
Due within one year
Trade debtors
585,487
23,698
35,604
433,125
68,651
20,770
other debtors
Prepayments and accrued income
644,789
522,546
Page 32

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
12.
Creditors: Amounts falling due within one ygar
2021
2020
Bank loans
25,000
37,592
166,047
913,704
Trade creditors
other creditors
44,131
147,446
775,101
Accruals and deferred income
1,142,343
966,678
2021
2020
Deferred income at 1 September 2020
ReSoUr￿S deferred during the year
Amounts released from previous periods
718,491
935,634
990,932
871,954
1894,4271 11,089,097)
814,996
718,491
Deferred income relates to income received in advance of setviee delivery for 202112022.
13.
Creditors: Amounts falling due after more than one year
2021
2020
Bank loans
225,000
The above Bank loan is a CBILS Loan with Lloyds Bank for £250,000 repayable over a period of 60
months commencing 13 months after the drawdown date. The interest rate Is 2.480/. plus the base rate.
The amount repayable after more than 5 years is £25,000. After the balance sheet date it was agreed
that the CBILS Loan would be repaid in full within 1 year. The loan of £250,000 was repaid in full lo
Lloyds in February 2022 before interest became chargeable.
Page 33

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
14.
ststement of funds
ststomont offunds - curront year
Balance at 1
Septembor
2020
Balance at
31 August
2021
Income Expenditure
Unrestrlcted funds
General Funds
1,496,795
4,432,137
13,985,971)
1,942,961
Restricted funds
Arts Council England
SACRE
other
Culture Recovery Fund
166,825
5,480
67,668
2,011,624
12,011,624)
166,825
5,480
95,187
459,200
63,253
709,200
135,7341
1250,0001
239,973
2,784,077 12,297,358)
726,692
Total of funds
1,736,768
7,216,214 16,283,329) 2,669,653
Page 34

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
14.
ststement of funds Icontinuedl
ststomont of funds - prior year
Balance at
Balance at
31 August
2020
Septembor
2019
Income Expenditure
Unrestrlcted funds
General Funds
1,416,112
4,759,655 14,678,972)
1,496,795
Restricted funds
Arts Council England
SACRE
other
166,825
5,480
39,292
2,027,567
12,027,567)
166,825
5,480
67,668
143,385
1115,0091
211,597
2, 170,952
12,142,576)
239,973
Total of funds
1,627,709
6,930,607 16,821,548)
1,736,768
Arts Council England fund is core grant funding lo support delivery of the music service.
SACRE is funding lo support delivery of statutory religious education duties and school support on
matters relating lo religious education.
other restricted funds are an aggregate of smaller donations for specific aspects of our servI￿s.
The Culture Recovery Fund provided emergency funding lo support the charity with the financial impact
of Covid-19 pandemic and to be able lo continue il's charitable activities.
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
561,564
2,748,740
11,142,343)
1225,0001
561,564
3,475,432
11,142,343)
1225,0001
726,692
Totsl
1,942,961
726,692
2,669,653
Page 35

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
15.
Analysis of net assets botwgen funds {continuodl
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
Restricted
funds
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
781,660
1,681,813
1966,6781
781,660
1,921,786
1966,6781
239,973
Total
1,496,795
239,973
1,736,768
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2021
2020
Nel income for the year las per Statement of Financial Acliviliesl
932,885
109,059
Adjustments for:
Depreciation charges
Decreasellincreasel in debtors
Increaselldecreasel in creditors
240,818
1122,2431
150,665
368,228
154,610
1415,0541
Net cash provided by operating activities
1,202,125
216,843
17.
Anatysis of cash and cash equivalents
2021
2020
Cash in hand
2,830,643
1,399,240
Total cash and cash equivalents
2,830,643
1,399,240
Page 36

DoGuSign Envelope ID." 8E77B8B8-924744E6-A8FC-9018CED10BA9
SERVICES FOR EDUCATION LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
18.
Analysis of changgs in net debt
At1
September
At31
2020 Cash flows August 2021
Cash at bank and in hand
1,399,240
1,431,403
125,0001
1225,0001
2,830,643
125,0001
1225,0001
Debt due within 1 year
Debt due after 1 year
1,399,240
1,181,403
2,580,643
19.
Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £383,888 12020..
£333,1821.
20.
Operating lease commitments
At 31 August 2021 the Company had commitments to make future minimum lease payments under non-
Can￿lIable operating leases as follows..
2021
2020
Not later than 1 year
Later than 1 year and not later than 5 years
89,045
113,090
65,000
130,000
202,135
195,000
During the year £65,000 12020.. £65,000) has been recognised as an expense in the Statement of
financial activities.
21.
Related party transactions
There We￿ no related paty transactions during the year12020'. none).
Page 37