OpenCharities

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2021-08-31-accounts

Docusign Envelope ID 13A285DE-77D1-4DC8-82DD-BE89780A34F2 ANNUAL REVIEW 2020121 SPEAKERS for schools www.s eakersforschools.or

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WE ARE SPEAKERS FOR SCHOOLS

Imagine that this one child was being given extra privileges in the form of extra support and encouragement at every stage of their studies. That they were constantly being offered more opportunities to do well and were being primed to go to the best universities and get the best jobs, even though the rest of the class were just as talented, able and deserving.

Imagine you are a parent and you knew that there was one child in your own child’s class who, for no good reason, received preferential treatment over all the others, including your child.

Would you think that was fair? Would you accept that your own child may never stand the same chance of being as successful as their one ‘lucky’ classmate?

Millions of school children face the same scenario. Some 93% of UK pupils attend state schools and colleges and currently miss out on the extra privileges enjoyed by the the 7% of UK pupils who attend private schools. Do you still think that the situation is unfair? We do. And we are committed to trying to level the playing field for young people from state schools and colleges to make things fairer, especially for the increasing number of pupils who are currently eligible for free school meals (FSM).

Speakers for Schools is a leading youth social mobility charity, launched in 2010 by ITV’s Political Editor Robert Peston and supported by the Law Family Charitable Foundation for the last 9 years.

Our mission is to raise career ambitions among young people from disadvantaged backgrounds across the UK, and provide the necessary inspiration, experience and networking opportunities for them to succeed.

Since our charity’s launch in 2010, we have supported more than 1.1 million young people.

We aim to support 1 million young people annually by the end of the academic year 2022/23.

CONTENTS

CONTENTS
Executive Summary: Our Chair 4
5
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18
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21		 Employer Case Studies
22
Meet Some of Our Employers
23
The National Teen Book Club
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Impact Data for Academic
Year 2020/21
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Key Findings: Experience Impact
Research Project
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Testimonials From Young People
27
Educator Testimonials
28
Employer Testimonials
29
~~Youth Card~~
31
Youth Card in Action
32
Responding to a Growing
Evidence of Need
33
Impact Data for Academic
Year 2020/21
34
Testimonials
35
~~Progression~~
36
Introducing Progression
37		 ~~Research~~
38

Executive Summary: Our Founder		 Implementing Our Theory of Change
39

A Year of Changing Lives
Using Research to:

A Year of Key Achievements
Improve Outcomes for Young People
.....with the Highest Need
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A Year Of Great Challenges

Amplify the Voices of Young People
41

In Sophia’s Own Words

Continuously Improve Our Services
42

In Josh’s Own Words

Maximise Impact Through Key.............
.....Campaigns
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Levelling The Playing Field: Our CEO
~~Green Skills Week~~
44

Our Programmes
~~Predict~~
46

Our Vision For Our Programmes
Our Year in Brief
48

~~Inspiration~~
Thank you for your contribution
50
Inspiration in Action

Our Trustees
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Impact Data For Academic Year 2020/21
Our Greatest Challenge Lies Ahead:

Testimonials From Young People

How You Can Help Us
54

Meet Our 10 Most Active Speakers
From 2020/21

More Ways to Help Us
55

~~Experience~~

List of References
56
Experience in Action
Annual Report And Financial Statements
57

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EXECUTIVE SUMMARY: OUR CHAIR

To that end I am really proud of what we have achieved this past year. We determined early to scale up our charity’s operations across the UK on many fronts; harnessing technology to increase the impact, geographical reach and accessibility of our programmes for young people. We grew our team from 17 to 85, enhancing the level of support available regionally and nationally to our growing networks of schools, employers and partners who share our mission. Reassuringly, we were hugely encouraged by the response of speakers and companies through Covid, to step-up their participation in our programmes. We couldn’t have achieved what we did without all of them.

The pandemic will long be remembered as one of the most challenging periods of our generation. A time where each of us has felt the strain, but where some have felt it more keenly than others.

Young people have undoubtedly been disproportionately affected by the pandemic. And whilst the true longterm impact on them has yet to be fully determined, we know that the pandemic has also served to widen the gaps between the most and least privileged in our communities and is thus likely to seriously impede social mobility for the younger generations.

Speakers for Schools newly stated goal is to improve social mobility in the UK for the younger generations by providing meaningful support to one million young people annually by the end of the academic year 2022/23 and, as you will see in the pages that follow, we are well on our way there. Thank you all for your support.

Disruption to education will continue to impact young people in and out of the classroom and, collectively, we must do what we can to help them – particularly those young people who lack the necessary resources and networks to help themselves. Our research shows that reduced opportunities for personal and social development mean that many young people currently feel disconnected from their futures. They face the prospect of a huge mountain to climb and no guarantee of support from either government, employers, or wider society to help them on their way. As the gap between young people from disadvantaged backgrounds and the working world grows, we must collectively redouble our efforts to bridge that gap and give them the best possible chance to improve their outcomes.

Andrew Law

Chair of the Board of Trustees, Speakers for Schools

EXECUTIVE SUMMARY: OUR FOUNDER

Speakers for Schools has never been more needed, after the horrendous couple of years we’ve lived through and the great challenges ahead.

This academic year, we will look to build on the success of these campaigns and deliver two additional campaigns: one focused on the importance of improving access to the workplace for those with special needs, and another which highlights the importance of mental health and wellbeing at work.

Ever since I launched the charity in 2010, our explicit aim has been to “level up” state schools with the independent sector. Thanks in large part to the remarkable financial support of our chairman Andrew Law we’ve been doing this since long before “levelling up” was even a glint in the eye of Boris Johnson.

Finally, huge thanks to all our partners: the brilliant speakers who turn up day after day for free to excite, energise and lift the ambitions of young people from state schools, together with the magnificent employers who welcome excited students into their respective places of work and give them the inspiration and confidence to make those initial, difficult choices about how to build a fulfilling career.

Every piece of serious research, including our own, shows that the poorest students endured the greatest setbacks to their education in lockdown, and that the gap between the most and least privileged has widened very considerably.

It is so important to us to equip young people with the knowledge and skills they need to thrive in a world that is changing faster than ever. During the last academic year, Speakers for Schools has provided meaningful support to more young people than in any previous year. Two charity-wide campaigns have helped thousands of young people discover job opportunities created by reconfiguring the economy to limit climate change and the myriad ways technology is revolutionising work.

Robert Peston

Founder, Speakers for Schools

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A THIRD ACADEMIC YEAR OF SUSTAINED GROWTH

A YEAR OF CHANGING LIVES:

SCALING TO SUPPORT 1 MILLION YOUNG PEOPLE ANNUALLY

Over the course of the last three academic years (2018/19, 2019/20 & 2020/21), Speakers for Schools is proud to have grown into one of the UK’s leading social mobility charities with a focus on improving the lives and outcomes of young people. Since the academic year 2018/19, our charity has increased the number of young people we have directly supported in a year by over 42%. Our ambition is to directly support 1 million young people annually by the end of the academic year 2022/23.

OUR NETWORK OF PARTNER SCHOOLS

OUR DIRECT SUPPORT FOR YOUNG PEOPLE

YOUNG PEOPLE IN OUR POTENTIAL REACH

Number of young people supported by our programmes per academic year.

Number of young people in potential reach per academic year based on the combined reach of our partners and programmes.

Number of schools registered with our charity per academic year.

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213,119
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A YEAR OF KEY ACHIEVEMENTS

A YEAR OF GREAT CHALLENGES: KEY INSIGHTS FROM 2020/21

In the last year, we have also achieved many key milestones:

£

The threat to social mobility caused by learning loss

Pupils from the bottom fifth of incomes experienced higher learning loss than those from the top fifth.[1]

During the 2021 school closures, the poorest pupils in England missed out on a third of their learning (34.9%) while the richest pupils missed out on a quarter of their learning (24.4%).[2]

Learning losses suffered during the pandemic are manifested in stark gaps in attainment between children from poorer backgrounds and their more privileged counterparts.[3]

Learning losses are likely to result in a significant decline in social mobility levels for younger generations.[4]

The % of pupils eligible for FSM across the UK nations in 2020/21

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20.8%
(June 2021) [5]
20.9%
(April 2021) [6]
28.4%
(November 2020) [7]
38.1%
(March 2021) [8]
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Links to references on page 56
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IN SOPHIA’S OWN WORDS

Sophia, 16, from Bristol

The last academic year has been the most agonising and stressful time of my life. I felt like there was nothing to look forward to. But after my first work experience, not only did my confidence grow, but I could finally see some hope for the future. I finally had something to work towards and be inspired by. It showed me all the things that I am capable of, and that I have a purpose.

Watch Sophia’s video here

Sophia was born in Britain to migrant parents. She doesn’t have an extensive network of friends and family who can advise her about careers and she has found the last academic year very tough mentally. She lost a lot of her motivation and confidence, but her recent work experiences in the construction industry through Speakers for Schools have helped her to feel much more positive about her future and to shape a career plan.

IN JOSH’S OWN WORDS

Josh, 18, from Darlington

For me, this past year came with waves of mental health deterioration and struggle. It was within this mental chaos that I was introduced to Speakers for Schools through my college. From what began with an online work experience with British Airways to attending the Conservative Party Conference months later, Speakers for Schools has positively impacted my future tremendously despite the pandemic’s hardships.

Watch Josh’s story here

Josh comes from Darlington, one of eight areas identified as having the fastest growing attainment gaps by the Education Policy Institute (EPI) in their 2017 Closing the Gap? report. Josh qualifies for free school meals (FSM) and doesn’t have a readymade network of contacts who can help him get ahead in his career. He has really struggled with his mental health throughout the pandemic. Last summer, Josh did virtual work experience with British Airways through Speakers for Schools. This opportunity has confirmed Josh’s desire to pursue a career in the travel industry and he plans to run his own travel company in the future.

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LEVELLING THE PLAYING FIELD: HOW WE SUPPORTED SOCIAL MOBILITY IN 2020/21

For all of us, entering the pandemic was like sailing into uncharted, stormy seas. None of us really knew the full extent of the dangers ahead nor appreciated how long it would be before we reached calmer waters.

shepherded Speakers for Schools through a period of transformational growth. I am proud of the selfless investment our colleagues have poured into delivering what young people so desperately needed during their most trying times.

Listening to young people like Sophia and Josh, it is impossible not to feel moved. We owe it to young people to help them overcome the barriers they face so that they can build the successful careers they deserve.

Throughout the continued uncertainty of the last academic year, our charity has been especially grateful to the teachers and other key workers who have laboured tirelessly to try and steady the ship. As a father and a former secondary school teacher, I have witnessed first-hand the challenges young people face in navigating and finding their place in a complex world, even during ‘normal’ times.

As a youth social mobility charity, Speakers for Schools is committed to the young people we serve – young people like Josh, Sophia and many others you’ll hear about in this Annual Review. Our support is available to any young person who attends a UK state secondary school or college – and we actively prioritise those with the highest need.

These challenges have been magnified exponentially throughout the pandemic, with many young people having their rite of passage to adulthood cruelly compromised or stolen away. These young people spent years working towards qualifications, only to be told that they would not sit traditional exams and would have little to no opportunity to celebrate their achievements with the rest of their peers.

The future remains uncertain, but we remain determined to work with our speakers, employers, donors, partners and other stakeholders in delivering our ambition of supporting one million young people annually by the end of the academic year 2022/23.

The work of Speakers for Schools can never truly offset the loss of these important milestones. Still, the messages of thanks we have received from young people, parents, educators, and employers, have fuelled our determination to do more through what remains of the pandemic and beyond. I am honoured to have

Jason Elsom

CEO, Speakers for Schools

OUR PROGRAMMES

In the last year, our charity has provided three main programmes to support the social mobility of young people in the UK and we are about to launch a fourth:

Our in-person and online talks and

broadcast programme that connects young people from state schools and colleges to our network of speakers to help inspire them to challenge the status quo and consider careers they might otherwise have considered beyond their reach.

Our new free mobile app that provides young people in England, Wales and Northern Ireland with an easy way to access a wide range of curated life-preparing opportunities from leading youth charities, employers and organisations from across the UK.

Our in-person and virtual work experience programme that connects young people from state schools and colleges to our network of leading employers to provide opportunities for young people to experience the world of work first-hand.

COMING IN 2021/22

Our personalised service for young people that helps them to navigate and choose the best post-16 career pathway for them by providing tailored early careers guidance.

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OUR VISION FOR OUR PROGRAMMES

We are moving towards offering a SINGLE SEAMLESS AND UNIQUE PROPOSITION TO SUPPORT SOCIAL MOBILITY for young people in the UK.

Our charity aims to provide meaningful support to 1 MILLION young people annually by the end of the academic year 2022/23.

Carly Wilkinson Director of Programmes

Dr. Funke Abimbola MBE

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INSPIRATION IN ACTION

Thanks to the ongoing success of our Inspiration programme, our network of speakers provided inspiration to over 140,000 young people during the course of 2020/21 by sharing insights into their own careers and life stories.

Tom, a former student at Codsall Community High in Wolverhampton is one of the many young people who has benefitted from our Inspiration programme. In the summer of 2021, he achieved an impressive 4 x A-levels at Grade A* and was accepted to read Maths at Oxford University. Tom is the first in his family to go to university and he credits one of our speakers, Dr. Nira Chamberlain, as being his primary source of inspiration.

Tom first came across our Inspiration programme four years ago when, as a Year 10 student, he attended an in-person talk by leading British mathematician Dr. Nira Chamberlain. Dr. Chamberlain inspired Tom to pursue his love of Maths and showed him it is possible to build a successful career focused on Maths. Find out more about our Inspiration programme.*

*Dr. Nira Chamberlain has delivered 31 talks with Speakers for Schools since 2014 and has more talks in the pipeline.

Click here to watch our Inspiration video

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Dr. Chamberlain
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Tom
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IMPACT DATA FOR

ACADEMIC YEAR 2020/21

Our 5 most popular broadcasts

featuring Chloe Brotheridge, Clinical Hypnotherapist, author of The Anxiety Solution and Sara Milne Rowe, Performance Coach, founder of 

  - Coaching Impact and author of The SHED Method.

Impact figures

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141,327
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639
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young people talks/broadcasts supported delivered

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1,578
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2,224
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speakers in schools our network registered

Demographics

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63%
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of the schools in England, Scotland and Wales we supported were high-need schools**

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TESTIMONIALS FROM YOUNG PEOPLE ABOUT OUR SPEAKERS

Feedback for a talk by

Feedback for a talk

Amazing! I understand

Brandie Deignan , Chief Brandie has so Executive Officer, Pier much positivity and Health Group, Former Managing Director, Marco enthusiasm, she Pierre White Restaurants.

by Branko Bjelobaba , Finance and Engaging in Democracy Speaker.

democracy better!

really inspired me.

I’ve been learning the political spectrum in politics, but the SPEAKER: world comparison BRANKO BJELOBABA helps me really understand the UK stance on the world’s stage!

It’s great to see a positive role model of a black woman.

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SPEAKER:
BRANDIE DEIGNAN
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MEET OUR 10 MOST ACTIVE SPEAKERS FROM 2020/21

David Dein MBE

Former Chairman of Arsenal and the Football Association

Richard Murrell

Lead Director, BBC News

Branko Bjelobaba

Finance and Engaging in Democracy Speaker

Brandie Deignan

Chief Executive Officer, Pier Health Group, Former Managing Director, Marco Pierre White Restaurants

Martin Prendergast

Director of Development and Public Affairs, Royal Academy of Dramatic Art (RADA)

Tom Toumazis MBE

Former Media, Entertainment and Tech Executive, now investor in start ups

Anjana Ahuja

Award-Winning Science Journalist

Steve Wilkinson

Managing Partner, Advisory, EY

Rt Hon Amber Rudd

Former MP

Mohammed Amin MBE

Former Partner at PwC and CoChair of the Muslim Jewish Forum of Greater Manchester

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EXPERIENCE
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EXPERIENCE IN ACTION

Thanks to the success of our virtual delivery model for work experience, we grew our network of employers by 250% and provided 1523% more places to young people in 2020/21.

Among those who benefitted was Joyce, from Merton in London. Joyce was struggling to access work experience during the pandemic. She came across Speakers for Schools and completed virtual work experience with Caxton Associates and the Bank of England. Thanks to her placements, Joyce now feels more informed about her career options and has ambitions to work in the finance sector.

We were delighted to see Joyce take centre stage alongside musician Nile Rodgers in a recent BBC national news story on the importance of opening up opportunities for young people.

Joyce talks about her work experience with Caxton Associates

Find out more about our Experience programme

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EMPLOYER CASE STUDIES

The success of our partnership with NHS England and NHS Improvement and our Experience Nursing programme in early spring 2021 laid the groundwork for creating charity-wide campaigns focused on strategic growth areas for employment such as the green economy and tech-accelerated careers. Our case studies for British Airways and the British Army link to these campaigns, which we expand on further in the research section of this review.

It’s not just young people who we support. During the last year, our Experience programme has enabled employers from a wide range of industries to extend their early talent outreach to include a more diverse group of young people.

Read our NHS case study here

Read our British Airways Read our British Army case study here case study here

MEET SOME OF OUR EMPLOYERS

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THE NATIONAL TEEN BOOK CLUB

Following the success of our virtual work experience programme we launched a virtual book club for teenagers together with Andersen Press, Harper Collins and Book Clubs in Schools in spring 2021.

Using the same platform as our virtual work experience placements, the National Teen Book Club brings together thousands of 14-19 year olds on a weekly basis to provide a novel and engaging way to support literacy and encourage young people to consider careers in the creative industries.

Our largest recurring virtual work experience placement, the National Teen Book Club appeals to avid and reluctant readers alike. Through this initiative, young people read and review the same literary text together, meet inspiring speakers from the world of publishing and get their own stories published online.

Visit the National Teen Book Club website to hear feedback from some of the 1,789 young people who took part during the academic year 2020/21 and read some of their published work.

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56,792
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677 3,094
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Our 10 most active employers
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This data is based on applications for placements via our Experience portal. It does not include applications for placements via group registrations. ** In this context, we define a school as high-need if they score 4 or more on our grading system. Please note our grading system for schools in Wales became operational in December 2020, so we do not hold high-need data for schools in Wales for the full academic year. We were unable to record high need data for schools in Northern Ireland for the academic year 2020/21. To find out more about our grading system, please follow this link.*

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6,795 1,613
qualified for free were young people
school meals (FSM) with SEND/ASN/ALN
50% 29%
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KEY FINDINGS: EXPERIENCE IMPACT RESEARCH PROJECT

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young people found
9
our placements ‘highly
out of beneficial’
10
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Research period February to July 2021

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11,138 young people completed
the pre-placement survey
3,148 young people participated in
the post-placement survey
143 employers offered placements to
the young people who responded
to the questionnaires
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30%
more
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young people felt confident
or very confident about their
future career possibilities
following their placement
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Top 3 areas where 44% 61% 53%
placements boosted
young people's confidence of young people felt of young people felt more of young people felt more
more confident in confident in knowing confident in knowing what
researching careers their career options employers are looking for
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TESTIMONIALS FROM YOUNG PEOPLE

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Many young students have been
prevented from doing in-person
work experience due to the
Covid-19 pandemic, but virtual work
experience is equally as good.
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This work experience has made a big
difference to me as I have found out
about the different jobs and roles that are
available in the construction industry, some
of which I didn’t even know existed!
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Omaima, 17, Birmingham
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Gosia, 17, Bangor, NI

The best thing about the insight day was that I was able to hear from many departments in RAPP in such a short time and this was very insightful.

They gave plenty of Q & A opportunities for the students to ask the presenters about their personal experiences. It really opened my eyes to all the different roles involved in nuclear engineering.

Dilpreet, 17, West

Will, 17, Harrogate

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EDUCATOR TESTIMONIALS

EMPLOYER TESTIMONIALS

Virtual work experience has proven to be a really positive and valuable experience for our students over the last year… we have all been incredibly impressed at the quality of the online work experience organised through Speakers for Schools. There is no doubt that our students have benefited hugely from the opportunity to engage directly with employers.

Marian Farrar, lead for Business & Community Partnerships at St Aidan’s and St John Fisher Associated Sixth Form, Harrogate

One of the parents of the pupils who completed this placement sent me a message about her son’s experience: ‘found it very informative and enjoyable throughout the 3 days. Definitely gave him more of insight into the construction industry and the different roles/jobs available.’

C O Kane, Head of Careers, St. Patrick’s College, Maghera, Northern Ireland

We have found that by partnering with companies like Speakers for Schools we can still offer these opportunities in new and innovative ways, potentially allowing us to reach even more young people both individually and whilst in the classroom.

Sallie Johnson, NHS Futures Manager at NHS Futures Team, The Royal Wolverhampton Trust

Being virtual has enabled us to reach out further and improve our diversity of who has access to our programme... Improving diversity has been a key driver of our programme in the East. The success of our first VWEX week has meant the rest of Morgan Sindall Construction has adopted the programme and also the wider Morgan Sindall family.

Helen Clements, Social Value Manager, Morgan Sindall Construction

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EMPLOYER TESTIMONIALS

Really pleased to still be able to offer young people this opportunity despite the circumstances. I found the young people to be incredibly engaged and motivated and asked lots of good questions. They were eager to learn as much as they could from us, and it was refreshing for me to share what I know with young people. I hope the students that took part have learnt something and would now consider a career in my sector.

Although students can’t be at one of our sites in person, they will get to virtually meet real life defence scientists and find out about some of the exciting science projects they are working on. They’ll be developing their employability skills too, as we’ll be setting exciting interactive challenges relating to each of the work areas.

Heidi Isacks, Technology Internal Comms and Events Coordinator, Tesco

Pilot launch of Youth Card, Birmingham Bullring

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YOUTH CARD IN ACTION

In summer 2021, we collaborated with leading youth charities UK Youth and Young Enterprise to launch Youth Card, a free social mobility app that enables young people to access joined-up support to improve their outcomes in a way never previously possible.

Youth Card is the first charity collaboration of its kind to provide multiple support agencies and partner organisations, including brands such as Missguided, Lookfantastic, National Express, Collins, CineWorld and many more with an easy way to deliver a range of curated life-enhancing opportunities direct to young people.

Young people aged 11-25 who download the app instantly gain access to career and development opportunities and discounts that include money-saving deals.

Over 7 million young people use equivalent versions of Youth Card already in Scotland and across Europe through the European Youth Card Association (EYCA) and Young Scot. Speakers for Schools is the EYCA member for England, Wales and Northern Ireland and works closely with Young Scot.

Find out more about our Youth Card app

RESPONDING TO A GROWING EVIDENCE OF NEED

Young people who are eligible for free school meals (FSM) represent one key group whose numbers have swelled since the pandemic and who will require enhanced levels of additional support from our charity going forwards.

How Youth Card works

Youth Card filters discounts and opportunities based on target profile

From 2021/22 onwards, we will be working closely with schools, colleges and universities to offer educational organisations the option to securely integrate their Management Information Systems (MIS) with Youth Card. This will mean that, through Youth Card, our partners will be able to tailor their opportunities to offer additional levels of support to the young people who need it most.

In the first instance this will mean offering enhanced support to young people who qualify for free school meals (FSM) and/or with special educational needs and disability (SEND) or additional learning needs (ALN). In time, this can be extended to include those who meet the criteria for other high-need identifiers such as those who are not in education, employment or training (NEET) and/or looked-after young people who are in the care of their local authority.

Youth Card will also offer joined-up support as young people progress through their studies and early career and allow our charity to track impact and outcomes for our programmes in a way never previously possible.

Partner organisations offers discounts and opportunities

Young person views curated discounts and opportunities on mobile device

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IMPACT DATA FOR ACADEMIC YEAR 2020/21

15,000 app downloads since launch which equates to 15,000 young people aged 11-25 supported

2.5k

app downloads as part of the pilot in Greater Birmingham

148 Youth Card partners registered

142 discounts listed on app

272 opportunities listed on app

TESTIMONIALS

The last 18 months have been difficult for all of us, but we know that young people have found it hard to access the continued support they need to learn and grow. It is wonderful to see three of our leading youth charities coming together to launch the Youth Card which opens up a whole new world of real opportunity, helping our young people get back on track and accessing the career guidance and support they need to succeed.

Baroness Barran, Minister for Civil Society and Youth, DCMS

Watch BBC West Midlands coverage of Youth Card here

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PROGRESSION
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INTRODUCING PROGRESSION A NEW PROGRAMME LAUNCHING IN 2021/22

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PROGRESSION
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In order to achieve our vision of a single seamless and unique proposition to support social mobility in the UK, we want to help young people supercharge their futures by helping them to make more informed choices about the many different career pathways available to them.

With this in mind, we are developing our Progression programme that will offer a personalised service for young people to help them navigate and choose the best post-16 career pathway for them.

As part of our preparations for the launch Progression, we acquired Fledglink in summer 2021. Fledglink is an early careers app that provides CV and interview support and has already enabled thousands of diverse students and unemployed young people to build their skills and access the support and opportunities they needed to reach their potential . Fledglink will become an integrated part of our Progression programme going forwards.

Progression will complement our existing services and offer an enhanced level of functionality for young people already using Youth Card and our Experience portal.

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RESEARCH:

IMPLEMENTING OUR THEORY OF CHANGE

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Employer engagement helps
young people to develop personal
and cultural capital – including
confidence and self-efficacy. This
improves young people’s ability to
make decisions for the future
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Increased personal
and cultural capital
leads to increased
motivation
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Increased motivation
leads to higher
academic achievement
and a greater focus on
making future plans
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Our charity’s core theory of change is based on clear evidence that increased personal and cultural capital in young people leads to increased motivation, which leads to higher academic achievement, a greater focus on making future plans, and higher wages.

We know that, for young people to be ready and equipped to succeed and thrive, in education, work and life, it is vital that they have access to advice, role models, information, knowledge and inspiration. This development of personal and cultural capital leads to confidence and self-efficacy which means that young people feel more able to undertake careers research that supports their choices and enables to them to plan and make decisions for the future. Increased motivation and understanding of the connections between curriculum content and the workplace can also motivate young people in their studies, leading to improved academic outcomes.

We are committed to continuous improvement in our programmes, listening to young people, learning from our partners and making use of cutting-edge research to ensure that we understand the needs of the young people who

are most disadvantaged, and that the voices of young people are heard by policy makers and people in power.

Pre-pandemic research and evidence by organisations such as the Career & Enterprise Company in partnership with the Confederation of British Industry supports the theory that employer engagement in schools improves outcomes for young people.

This research evidence is borne out by our own research and impact data from the last academic year. Over the year ahead, we will continue to undertake research to amplify young people’s voices, contribute to the evidence base on the impact of employer engagement in education, and demonstrate the value of leaders and businesses contributing to their communities to help improve social mobility and inequality.

Rachael Saunders

Education and Policy Director, for Schools

Speakers

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USING RESEARCH TO:

IMPROVE OUTCOMES FOR YOUNG PEOPLE WITH THE HIGHEST NEED

By establishing a consistent set of criteria to rate the need of every state secondary school and college we worked with in England, we ensured that schools and colleges in disadvantaged areas benefitted most from both our Inspiration and Experience programmes.

To ensure that we concentrated our support where it was needed most, our charity developed a unique grading system for evaluating the level of need in state secondary schools and colleges in England in April 2017. This grading system allowed us to prioritise schools and colleges in so-called opportunity areas (defined by the Department for Education) as well as individual cases of schools and colleges with higher need.

In July 2019, we extended the grading system to include secondary schools and colleges in Scotland and, in December 2020, we were able to extend this to Wales. We continue to explore ways to enable a similar approach in Northern Ireland.

Our latest programme, Youth Card, will take prioritising high need to another level still, allowing us to make services, discounts and opportunities available to young people according to their individual needs profile. Youth Card is a mobile application, backed by a fully scalable cloud-hosted service, which has the potential to be securely integrated with the Management Information Systems (MIS) of schools, colleges and universities in England, Wales and Northern Ireland to enable enhanced levels of support (in the form of additional opportunities and discounts) to be delivered directly to the individuals who need it most.

Our grading system uses a scale of 1 to 10 – with 1 being the lowest level of need and 10 being the highest level of need. The grading system uses an amalgamation of publicly available data to create a scale of ‘need’ for schools in the charity’s network and located in an opportunity area, determining the priority level for the charity’s services. This includes:

Youth Card will also offer joined-up support as young people progress through their studies and early career and allow our charity to track impact and outcomes for our programmes in a way never previously possible.

USING RESEARCH TO: AMPLIFY THE VOICES OF YOUNG PEOPLE

On 24th September 2021, we published a research report – Making Up for Lost Time – which revealed the combined results of three independent YouGov surveys we commissioned in May/June 2021 with 2,113 young people, 100 MPs and 100 business leaders together with semi-structured interviews with 13 young people who had undertaken work experience with us.

The aim of the report was to better understand the issues facing the young people in our communities in the wake of the pandemic and give them the opportunity to tell us what they think will help them make up for lost time.

MAKING UP FOR LOST TIME

Our research revealed some significant gaps in perceptions among the different groups. It also highlighted some surprising areas of consensus, which could be built on going forwards.

The findings detailed in our report included key insights into the views of young people, politicians and employers, together with a comprehensive set of recommendations for how the government and business leaders can contribute towards helping young people to make up for lost time.

UNDERSTANDING YOUNG PEOPLE’S HOPES AND EXPECTATIONS AS WE START TO MAKE UP FOR LOST TIME

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Research undertaken by Rachael Saunders and Funbi Akande for
Speakers for Schools and YouGov.
Report written by Rachael Saunders.
Date of issue: 24th September 2021
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Download the report now

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USING RESEARCH TO: CONTINUOUSLY IMPROVE OUR SERVICES

In the case of our Inspiration programme, we invited secondary schools and colleges that hosted in-person or virtual talks to complete feedback forms. In the case of our Experience programme, we sought pre- and postplacement feedback from young people and employers as standard practice for every work experience placement we hosted. To further enhance the quality of our work experience offering, we also implemented the Skills Builder Universal Framework as part of the Experience programme to enable employers to use their placements as an opportunity to embed one or more of the eight core Skills Builder skills: Listening, Speaking, Leadership, Aiming High, Creativity, Problem Solving, Teamwork and Staying Positive.

As well as this research report, we have also commissioned several other key pieces of qualitative and quantitative research over the last year, including:

We have continued to work closely with the government and other leading organisations throughout the academic year 2020/21 – in England as well as the devolved nations – to ensure that all our programmes continue to meet the latest national guidelines for best practice. Given the quality and depth of our impact data, we also contributed to calls for evidence from government departments as part of the Boost 2021 programme and the Times Education Commission.

In addition to these examples of research, we have continued to invite feedback for our Inspiration and Experience programmes, so that we can actively monitor quality assurance and impact.

USING RESEARCH TO: MAXIMISE IMPACT THROUGH KEY CAMPAIGNS

In the last year, the UK economy has faced the combined challenges of the pandemic, Brexit, and an aging workforce. At the same time, young people have faced major disruption to their education, reduced opportunities for social and personal development and rising youth unemployment.

By setting objectives and deliverables/KPIs for these campaigns, we were able to align our efforts to ensure that young people could take full advantage of a range of opportunities to learn as much as possible about two significant growth areas for future careers: the green economy and techaccelerated careers.

Following the success of these campaigns, we have taken the decision to repeat both these campaigns in the academic year 2021/22 as well as introduce two further campaigns in the autumn term, Access All Areas and Work/Life*.

Young people have been disproportionately affected by the pandemic and for many of the young people our charity serves, an already bad situation has become worse with widening gaps between the most and least privileged in our communities.

Speakers for Schools Campaigns

With so many challenges affecting our employer network and the main beneficiaries of our charity (young people), we decided to organise our activity for Inspiration and Experience programmes around key campaigns to bring a sharper focus to our efforts and maximise our impact by concentrating on key growth areas for employment: the green economy in the case of Green Skills Week which took place in April 2021 and techaccelerated careers in the case of Predict which took place in June 2021.

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ACCESS
ALL AREAS
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*Our Access All Areas campaign aims to open up work experience and the world of work to young people with special needs and disabilities, and our Work/Life campaign seeks to normalise conversations around mental health.

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GREEN SKILLS WEEK

GREEN SKILLS

Our first campaign Green Skills Week - which aimed to introduce young people to careers in the green economy - took place in April 2021 and was hugely successful.

We spent a whole day learning about sustainability and looked at a real-life project they’re working on to make something greener. It was really insightful and interesting to find out how to become more energy efficient. When I have my own kids, I want to be able to tell them I made the world a better place.

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11,256
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Felix, 16, from Aylesbury, completed a 5-day virtual work experience placement with Align JV as part of Green Skills Week

young people supported

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107
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45
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eminent guest speakers employers delivered gave green-themed talks 3,275 green-themed work and broadcasts to reach experience placements to 7,981 young people young people

Dig deeper into the success of Green Skills Week by reading our full Impact Report here.

Find out more about Green Skills Week

GREEN SKILLS WEEK:

IMPACT DATA

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9
out of
10
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young people felt well-informed or very well-informed about careers in the industry following their placement

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11%
more
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young people expressed that they would actively consider a career in the industry following their placement

GREEN SKILLS

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99%
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of young people who attended placements as part of our Green Skills Week and who completed feedback felt more confident about the world of work following their placement

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PREDICT

Green Skills Week was followed in June 2021 by Predict, another hugely successful campaign, which aimed to demystify careers in the evolving world of technology-accelerated careers.

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16,658
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young people supported

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48
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78
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eminent guest speakers employers delivered 9,352 gave technology-themed technology-themed work talks and broadcasts to experience placements to reach 7,306 young people young people

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Dig deeper into the success of Predict
by reading our full Impact Report here
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I really enjoyed working with Spaceport Cornwall, during my experience I worked in a team to develop a new product using existing satellite technology to help the local community… Working on a project like this has further inspired me to pursue a career in aerospace engineering and allowed me to meet some people who do jobs similar to those I want later in life.

Beau, 14, from Birmingham, completed a 3-day virtual work experience placement with Spaceport Cornwall as part of Predict

Find out more about Predict

PREDICT:

IMPACT DATA

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46%
more
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young people felt confident or very confident about their future in the world of work following their placement

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9
out of
10
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95%
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young people rated their placement 4 stars put of 5 or higher, indicating that they found it highly beneficial

young people felt well-informed or very well-informed about careers in the industry following their placement

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13%
more
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86%
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of young people who completed a placement expressed they were likely to apply for another placement with Speakers for Schools

young people expressed that they would actively consider a career in the industry following their placement

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The top three skills that
young people became
86% 77% 70%
more confident or very
SPEAKING PROBLEM SOLVING TEAMWORK
confident in were
47
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OUR YEAR IN BRIEF

SEPTEMBER OCTOBER - DECEMBER JANUARY 2020 2020 2021 FEBRUARY 2021 Penguin Talks series Experience Nursing The charity undertakes a major (available through our scale-up and goes from 14 to 55 launches to encourage Almost 4,000 work Inspiration programme) staff . We build our first internal more young people into restarts for a new the nursing profession. experience placements tech development team. Marketing are delivered in a single academic year. 1,557 young people take and outreach scales increasing our week over half term. national school network. part across 21 x Insight Days and 1 x 5-day placement. 7 high-profile speakers deliver broadcasts in support of Experience Nursing , reaching 2,491 young people.

MARCH MAY JULY 2021 2021 2021 APRIL JUNE AUGUST 2021 2021 2021

As part of a national The Youth Card app research project, is rolled out across Green Skills Week Speakers for Schools Predict campaign England, Wales and Speakers for Schools campaign launches, commission three launches, supported by Northern Ireland and acquire vInspired and supported by 45 independent surveys 78 employers and 48 achieves 15k downloads Fledglink. employers and 107 with YouGov . guest speakers. before the end of the guest speakers. academic year. Speakers for Schools Our new Youth Card Speakers for Schools announce partnership Green Skills Week app pilots in the feature on GB News. Speakers for Schools with charity Mencap Challenge with Man Greater Birmingham release the findings of in preparation for Group launches. area and achieves 2.5k As part of a national their YouGov research our Access All Areas downloads. research project, into how best to campaign. Speakers for Schools Speakers for Schools support young people in feature in The Sun and Speakers for Schools conduct semi- making up for lost time Speakers for Schools The Sunday Times. join the government’s structured interviews following the pandemic. feature on BBC London Boost programme. with 13 young people news. Experience programme who completed work West Yorkshire introduces Discovery Speakers for Schools experience placements. Combined Authority Doncaster Council Workshops. feature on BBC West and Leeds City Region team up with Speakers Midlands 6pm news. LEP team up with for Schools and Game Speakers for Schools Academy to help young Green Skills National and 30 regional people from the region Competition launches employers to deliver to gain insights into with Anglian Water. Leeds City Region transferable skills for Virtual Insight Festival. the gaming industry.

National Teen Book Club launches in schools across the UK. Speakers for Schools feature on BBC Three Counties radio.

In partnership with app pilots in the feature on GB News. Speakers for Schools Challenge with Man Speakers for Schools, Greater Birmingham release the findings of Cumbria LEP and Group launches. area and achieves 2.5k As part of a national their YouGov research 27 local employers downloads. research project, into how best to delivered a week of Speakers for Schools Speakers for Schools support young people in feature in The Sun and Insight Days across 5 Speakers for Schools conduct semi- making up for lost time growth sectors for 250 The Sunday Times. join the government’s structured interviews following the pandemic. Year 10 and 11 students Boost programme. with 13 young people at Queen Katherine’s Experience programme who completed work West Yorkshire School. introduces Discovery Speakers for Schools experience placements. Combined Authority Workshops. feature on BBC West and Leeds City Region Midlands 6pm news. LEP team up with Speakers for Schools Green Skills National and 30 regional Competition launches employers to deliver with Anglian Water. Leeds City Region Virtual Insight Festival.

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THANK YOU FOR YOUR CONTRIBUTION

The success and achievements of our charity in 2020/21 are thanks to a huge team effort on the part of a great many people. Support for Speakers for Schools comes in many forms, from many different people and from many different places.

On behalf of the charity and all the young people we supported during the academic year 2020/21, we would like to say a heartfelt thank you to every speaker, employer, school, organisation and individual who contributed their time, good will and/or resources to Speakers for Schools in the last year for their generous support.

We would also like to extend our very special thanks to all our generous benefactors who provided financial support to help fund our charity’s work, including those named here and others who preferred to remain anonymous. Every penny donated to our charity is an investment in a young person’s future, helping us to take positive steps towards improving social mobility for those who need and deserve it most.

Our donors

Our corporate supporters and sponsors

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Our Trustees

Andrew Law

Chair Of The Board Of Trustees

Andrew Law is the Chairman and CEO of Caxton Associates, a global macro hedge fund. Andrew attended state school in Manchester and subsequently graduated from Sheffield University with a First Class Honours Degree in Economics. He spent his early career at County NatWest and Chemical Bank, before joining Goldman Sachs in 1996 where he was a Managing Director, heading FICC proprietary trading. Andrew joined the London office of Caxton in 2003; he was appointed Chief Investment Officer globally in early 2008, and to his current position effective January 2012. His charitable interests include founding trustee of the Law Family Charitable Foundation, and the Law Family Educational Trust through which he sponsors a Multi Academy Trust in Manchester. He is a Board member of the Sutton Trust, a former Deputy Chair of the New Schools Network and a former director of Social Finance.

Robert Peston

Founder of Speakers for Schools, ITV Political Editor

Robert Peston is ITV’s Political Editor, presenter of the weekly ‘Peston’ show and the founder of Speakers for Schools. Formerly he was the BBC’s economics editor. He has won numerous awards for his journalism and was previously political editor and financial editor of the Financial Times, City Editor of the Sunday Telegraph and a columnist for the New Statesman and the Sunday Times. He became a household name in 2007 when he broadcast and published a series of influential reports on the causes and consequences of the global financial crisis. Robert has published five critically acclaimed books, ‘The Whistleblower’, ‘WTF’, ‘How Do We Fix this Mess?’ ‘Who Runs Britain’ and ‘Brown’s Britain’. He is Vice President of Hospice UK. You can follow Robert at www.twitter.com/peston

David Giampaolo

Founder and Chief Executive of Pi Capital

David is the Founder and Chief Executive of Pi Capital. He previously founded, built up and sold several businesses and health club chains in the US, Europe and Asia. David has financial interests in several other businesses and industries and has been involved as an investor, advisor and board member of some of the most successful health & fitness companies in the world. David is Chairman of Oga Fit, Sarva and EXi, non-executive director of Agronomics and also a senior advisor to AMG (Affiliated Managers Group, Inc.) and BC Partners. David is a member of YPO, the Chief Executives Organization and the Global Leadership Circle of ONE. In addition, he is a trustee of Speaker for schools and patron of Pro Bono Economics.

Sakhila Mona Mirza

General Counsel at London Bullion Market Association

Sakhila, qualified lawyer, has worked in the financial services sector for 15 years, covering the oil markets and then moving to the precious metals market. Most of her career has focused on providing legal, regulatory and compliance advice, and building corporate governance programmes.

Currently she works at the London Bullion Market Association, where she is a Board Member and the General Counsel. Sakhila works on the strategic development of the Association, by leading and working on several business development initiatives with various market stakeholders, and taking responsibility for all the legal work affecting the organisation. In addition, she has built key relationships with government officials and regulators around the world, and has spoken at several conferences, educating stakeholders on the developments within the precious metals market. Sakhila read law at the London School of Economics and went on to qualify as a solicitor.

Our Trustees

Diana Osagie

Director of Courageous Leadership Consultancy

With 21 years’ experience leading secondary education, including six years as a successful head teacher in a London secondary school; Diana works at the cutting edge of leadership development. She is known as a resilient school leader, skilled in urban leadership under challenging circumstances. Diana has substantial success in developing school wide models that strategically enhance the quality of teaching and learning across the curriculum and can couple sound strategic vision whilst giving clear operational direction. She is a programme director on a MA in Educational Leadership for a UK university. Diana is also a lead school inspector, with developed expertise scrutinizing school wide leadership systems.

With a proven track record of developing leaders via bespoke training programs, Diana founded The Academy of Women’s Leadership; specializing in supporting women to grow the leadership cultures of their organisations and to flourish as leaders established in confidence, Diana has established capability in mentoring and supporting leaders facing challenging circumstances and change. She is the author of Courageous Leadership, a humorous book that gives leaders’ strategies for shaping their leadership experience.

Roland Rudd

Founding Partner at Finsbury

Roland Rudd is Chairman of Finsbury Glover Hering. He founded Finsbury 25 years ago and was Chairman throughout this time. He is a leader in corporate communications and provides personal counsel to board members and senior executives at the most critical moments for their companies.

Before Finsbury, he worked as a political and financial journalist primarily at the Financial Times.

He is Chair of Tate, Trustee for Speakers for Schools, and the Bayreuth Festival. He is an ambassador for the Alzheimer’s Society and the Made By Dyslexia campaign and is Chairman of the Governors of Millfield School. He is also an Honorary Fellow at Oxford School of Corporate Reputation and Regents College, Oxford University.

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OUR GREATEST CHALLENGE LIES AHEAD: HOW YOU CAN HELP US

Donate funds and/or explore opportunities for corporate sponsorship and partnership

could fund one week of Virtual Work

could fund one week could fund a speaker could fund an Insight of Virtual Work from a FTSE 100 Day for a class of Experience , boosting company to deliver 30 young people to the confidence of a an inspirational talk learn about the career young person from to a group of 100 opportunities in a a disadvantaged young people in an sector that is entirely background and opportunity area of new to them. helping them extend the UK. their network and choose a future career path.

We welcome financial support in the form of one-off donations and grants, and we also offer corporate sponsorship and bespoke partnership opportunities. Every financial gift makes a difference to the young people we support and moves us a step closer to supporting one million young people annually.

Find out more about the different ways you can support us financially by visiting www.speakersforschools.org or email us at fundraising@speakersforschools.org

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DONATE
HERE
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OUR GREATEST CHALLENGE LIES AHEAD: MORE WAYS TO HELP US

Select one of our premium service level options for Experience

Take part in and and/or promote our events

Donate your time, skills and/or resources

We offer a range of service levels to employers hosting work experience through our Experience programme, from free entry-level packages right through to Enhanced and Managed services, which are our premium offerings. If your organisation would like to do more to support social mobility and be able to measure the impact of its placements with Speakers for Schools, please consider opting for one of our premium service level options.

We want to ensure that the value of our charity’s work continues to be widely recognised and shared. We welcome your support in participating and/or promoting our events to your network. Over the last year, we hosted roundtable events and webinars in support of the government’s Boost programme, Black History month and more.

We are always looking to raise awareness of our charity’s good work, to expand our networks and to be able to do more for less money. If you can help facilitate introductions to people of influence, assist us with increasing our media coverage, or help us save money by donating resources of some kind, we would love to hear from you.

We will be hosting a full programme of in-person and online events throughout the year in 2021/22 to champion social mobility and showcase our charity’s work.

Get in touch with us today to discuss how you might be able to help by emailing pr@speakersforschools.org

Find out more about the range of options available by emailing us at experience@speakersforschools.org

Find out more about our events calendar for 2021/22 by emailing us at events@speakersforschools.org

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LIST OF REFERENCES:

  1. According to research by Lee Elliot Major, Andrew Eyles and Stephen Machin in Paper Number CEPCP614 published as an article on CentrePiece in Autumn 2021: https://cep.lse.ac.uk/pubs/download/cp614.pdf

  2. According to research by Lee Elliot Major, Andrew Eyles and Stephen Machin in Paper Number CEPCP614 published as an article on CentrePiece in Autumn 2021: https://cep.lse.ac.uk/pubs/download/cp614.pdf

  3. According to research by Rose et al 2021, Maldonado and De-Witte, 2020, Engzell et al, 2020 quoted by Lee Elliot Major, Andrew Eyles and Stephen Machin in the July 2021 report ‘Learning loss since lockdown: variation across the home nations’ for Centre for Economic Performance: https://cep.lse.ac.uk/pubs/download/cepcovid-19-023.pdf

  4. According to research by Lee Elliot Major, Andrew Eyles and Stephen Machin for their July 2021 report ‘Learning loss since lockdown: variation across the home nations’ nations’ for Centre for Economic Performance: https://cep.lse.ac.uk/pubs/download/cepcovid-19-023.pdf

  5. Based on National Statistics data for academic year 2020/21 published by UK government on 17 June 2021: https://explore-education-statistics.service.gov.uk/fnd-statistics/school-pupils-and-their-characteristics

  6. Based on data from Schools Census 2021 published by Welsh government on 9 September 2021: https://gov.wales/schools-census-results-april-2021-html#:~:text=There%20were%2099%2C135%20 pupils%20(20.9,19.9%25)%20at%20January%202020

  7. Based on data from the school meal census 2020 published by Northern Ireland Department of Education in April 2021: https://dera.ioe.ac.uk/37857/1/School%20Meals%20in%20Northern%20Ireland%202020-21%20 statistical%20bulletin%20%28redacted%29.pdf

  8. Based on data collected by The Scottish Poverty and Inequality Research Unit (SPIRU) and published by the Poverty and Inequality Commission in March 2021: https://www.gcu.ac.uk/gsbs/media/gcalwebv2/gsbs/Report%20School%20Meals.pdf

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Annual Report And Financial Statements
For The Year Ended 31 August 2021
Charity Registration No. 1150411
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PAGE 2

PAGE
1
PAGE
CONTENTS
Pages
Trustees' report
60 - 65
Independent auditor's report
66 - 69
Statement of financial activities
70
Balance sheet
71
Statement of cash flows
72
Notes to the financial statements
73 - 83		 PAGE
1
PAGE
CONTENTS
Pages
Trustees' report
60 - 65
Independent auditor's report
66 - 69
Statement of financial activities
70
Balance sheet
71
Statement of cash flows
72
Notes to the financial statements
73 - 83
Trustees
Mr A E Law
Ms S M Mirza
Mr D A Giampaolo
Ms D Osagie
Mr R J K Peston
Mr R D Rudd
Trustees' report
60 - 65
Charity number
1150411
Independent auditor's report
66 - 69
Auditor
Azets Audit Services Limited
33 Park Place
Leeds, LS1 2RY
Statement of financial activities
70
Bankers
Coutts & Co
440 Strand
London, WC2R 0QS		 Balance sheet
71
Statement of cash flows
72
Solicitors
Travers Smith LLP
10 Snow Hill
London, EC1A 2AL
Notes to the financial statements
73 - 83

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A E Law Law Ms D Osagie
Ms S M Mirza Mr R J K Peston
Mr D A Giampaolo Mr R D Rudd
Charity number 1150411
Auditor Azets Audit Services Limited
33 Park Place
Leeds, LS1 2RY
Bankers Coutts & Co
440 Strand
London, WC2R 0QS
Solicitors Travers Smith LLP
10 Snow Hill
London, EC1A 2AL

www.speakersforschools.org

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TRUSTEES' REPORT - FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their annual report and financial statements for the year ended 31 August 2021. 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Reference and Administrative Details

The legal and administrative information page forms part of this report.

Objectives and Activities

Speakers for Schools provides free inspirational talks by eminent people and free high quality work experience for state school students, together with other services aimed at improving the life chances of young people. The charity’s activities continue to be guided by the wider vision to help level the playing field for young people of all backgrounds through access to the necessary insights, expertise, and encouragement to help them succeed in their future ambitions.

Speakers for Schools specialises in cultivating a network support of distinguished, eminent figures from all walks of life, from business leaders to renowned scientists and arts figures, to give their time and support for inspiring engagements and opportunities that many state schools, academies and colleges would lack access to otherwise.

This is delivered primarily in the form of these individuals donating their time as speakers for unpaid school talks that allow young people in state schools to hear their experiences and advice to encourage their aspirations, and work experience placements at top organisations in the network that allow young people access to these prestigious organisations and to start to build skills for the world of work.

The Board have duly taken into consideration the Charity Commission’s guidelines on public benefit when setting the charity’s objectives. To achieve these objectives, the charity continues to work with participants and expected beneficiaries to improve the service, as well as holding key education and professional sector relationships to understand the potential impact for wider communities (such as businesses, professional bodies, and higher education institutions). The charity successfully keeps the programme free to state school and college participants, reaching over one million young people since its launch in 2010.

The charity continually monitors participant feedback and sector need to guide the development of its delivery work and has commenced two significant pieces of research to demonstrate the impact of the Speakers for Schools speaker programme. “The Impact Assessment Project”, by Marie Guyot, published in December 2019, identified that following a Speakers for Schools talk:

Our joint report with “Education and Employers Taskforce”, published in October 2019, identified that:

TRUSTEES' REPORT (Continued)

Activities of the charity

The charity continues to fulfil its objectives with the aim to help level-up the playing field for state-maintained schools and colleges, and its students by cultivating a network of access to top figures for inspirational and insightful engagements.

The continued success of the flagship Inspiration Programme (talks) continues to be complemented by sustained and significant growth by the established Experience programme (experiences of the workplace). To further extend its support of young people, the charity recently launched the Youth Card (an app which provides a one stop shop for youth opportunities). We acquired the renowned youth volunteering programme vInspired and the vAwards, which at its peak delivered 10 million youth volunteering hours annually. The growth in the team from 15 to 75 provided the capacity to deliver our programmes nationally.

The expanding work of the charity has meant that there are increased complementary options for engagement for schools and employers, continuing its focus on a practicable commitment for busy high-profile figures as speakers that can fit into the school calendar, but also helping their organisation offer much needed experiences of the workplace to those students without networks to access such prestigious organisations.

The charity has spent time communicating to all supporters and beneficiaries the benefit of participating in both programmes for the most impact, and its additional benefit of fulfilling the Gatsby Benchmarks to improve careers advice and employability skills among young people.

Overall, in this period, continued success in our established Inspiration and Experience Programmes has successfully increased the overall reach and depth of the charity’s work with state schools and young people in the UK to see further positive impact for our social mobility aims.

Achievements and performance

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to around three-month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

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TRUSTEES' REPORT (Continued)

The total income for Speakers for Schools Charitable Incorporated Organisation (ClO) for the year ended 31 August 2021 was £3,112,990 (2020: £893,382).

The CIO continues to be funded by the Law Family Charitable Foundation; £2.665m (2020: £770,000) was received from the Law Family Charitable Foundation of which Andrew Law is also a Trustee. COVID-19 had created a challenging environment for fundraising. Nevertheless, £90,549 of unrestricted donation and £30,000 of restricted grant were secured. The CIO plans to increase the fundraising team in 2021/22 to increase the level of fundraising.

Expenditure for the CIO has been split between delivery activities and administration of the organisation including appropriate staff, technical platforms and communications that enable delivery.

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TRUSTEES' REPORT (Continued)

Plans for future periods

Speakers for Schools wishes to extend its highly successful and noted Inspiration Programme to reach up to 430,000 young people per annum through extending its network to 1,750 speakers in order to deliver in-person and virtual talks over the next few years. Impacting the whole of the UK in a much deeper way than currently possible with an Inspiration Programme limited by the travel plans of its network of Speakers. Speakers for Schools plans to deliver the UK’s leading programme offering ‘experiences of the workplace’, replacing manual processing with advanced application of technology and data, to (in the first instance) save schools, colleges, employers and young people a significant amount of time, resource and cost incurred in brokering work experience and insight placements, whilst leveraging technology and data to help young people find and access the most appropriate opportunities for them.

The Three-Year Development Programme for Speakers for Schools (2020-23) will support 1 million young people by delivering the following outcomes by 2023:

Expenditure directly made on charitable activities was £2,647,310 before capitalised costs were transferred of £568,885 (2020: £nil) leaving direct charitable activities costs of £2,078,425 (2020: £815,125). The direct staff costs of £2,258,180 (2020: £583,076) have increased in line with the charity's growing level of activities.

At the year end, the charity had free reserves totalling £231,812 (£550,987), after deducting fixed assets.

Investment policy and objectives

The Law Family Charitable Foundation pledged £6.89m of funding to deliver the Three-Year Development Programme.

The charity has no specific investment policy other than that referred to in the Reserves policy.

Structure, governance and management

Principal risks and uncertainties

The impact of Covid19 has created both global and local uncertainties. School and college responsiveness has varied significantly, as they pivot to the challenges and demands of covid, and this has had an impact on the certainty of demand for Speakers for Schools programmes.

The conflict in Ukraine has caused some disruption to our outsourced software development in Ukraine. We have taken measures to diversify the development team by signing up with a software development company in India.

Speakers for Schools has continued to be agile in its responsiveness and provision within the parameters acceptable to its volunteers, Speakers and Employer network, evolving its investment into school, employer and speaker engagement, to best deliver its programmes in support of young people. Furthermore, Speakers for Schools has launched or acquired additional programmes, including ‘National Teen Book Club’ and the vInspired youth volunteer platform.

Speakers for Schools is a registered Charitable Incorporated Organisation that has been registered with the Charity Commission since 9 January 2013.

Since September 2019, the charity's day-to-day management has been led by the Chief Executive Officer (CEO), Jason Elsom, as appointed by the Board of Trustees at the start of the financial year. The CEO oversees a 75-person team, their progress towards annual targets, administration, organisational partnerships and strategic development of the charity’s work across the sector and stakeholders. The CEO pay is decided by the Chair and the other key management remuneration is decided upon by the Chair and CEO following external benchmarking and candidate experience. A Remuneration Committee has been established in December 2021 to approve key management remuneration and will continually review benchmarks for setting pay.

The Board of Trustees holds an annual meeting with the CEO to review activities, performance and strategic direction of the charity, in addition to termly in-depth progress briefings with conference calls to discuss progress and agree on any major developments across the year. The CEO otherwise has highly regular contact with the Board for awareness as to activities, for approval of expenditures and plans and guidance as required.

The support of the Law Family Charitable Foundations, and wider development of both commercial and philanthropic income streams has continued to deliver income and resource stability throughout 2020/21, when similar organisations faced more significant challenges.

The trustees who served during the year and up to the date of signature of the financial statements were:

Ms S M Mirza

Mr A E Law

Mr D A Giampaolo

Ms D Osagie

Mr R J K Peston

Mr R D Rudd

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TRUSTEES' REPORT (Continued)

None of the trustees have any beneficial interest in the company. The charity follows the charity commission guidance on the recruitment of new trustees. Policies in place for induction and training trustees. Trustees are given training on induction. This includes introduction to Speakers for Schools, its programmes and processes relating to governance. Furthermore, our trustees typically serve on the boards of other charities and have a good knowledge of governance within the charity sector. The trustees are expected to refresh their training every two years and more frequently where legislative changes, practices or learnings dictate.

TRUSTEES' REPORT (Continued)

Auditor

Azets Audit Services Limited were appointed auditor to the company following their acquisition of the trade of Garbutt & Elliott Audit Limited on 1 December 2021. In accordance with s487(2) of the Companies Act 2006 they are deemed reappointed annually.

Disclosure of information to auditor

Fundraising

Our general approach is to raise funds ourselves and not to use third parties. We use techniques that are ethical, legal, that do not inconvenience the public, and that are not detrimental to our good name or standing in the local community. We do not use general solicitation techniques by telephone or door-to-door, and all fundraising activities undertaken follow the Fundraising Regulator’s Code of Fundraising Practice. We have received no complaints about fundraising during the year.

Supplier payment policy

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Trade creditors of the company at the year end were equivalent to 31 days purchases, based on the average daily amount invoiced by suppliers during the year.

Mr A E Law

Trustee

Mr R J K Peston

Trustee

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to:

29/06/2022

Date

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT AUDITOR'S REPORT - TO THE TRUSTEES OF SPEAKERS FOR SCHOOLS

Opinion

We have audited the financial statements of Speakers for Schools (the ‘charity’) for the year ended 31 August 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

INDEPENDENT AUDITOR'S REPORT (Continued)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a 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 to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. 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 we do not express any form of assurance conclusion thereon. Our responsibility is to 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 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements 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.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to 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 detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the trustees and other management, and from inspection of the charity’s regulatory and legal correspondence. We discussed with the trustees and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance during the audit.

We have nothing to report in this regard.

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STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

FOR THE YEAR ENDED 31 AUGUST 2021
Unaudited
Unrestricted Restricted Total Unrestricted
funds funds funds
2021 2021 2021 2020
Notes £ £ £ £
Income from:
Donations and legacies 3 2,755,550 30,000 2,785,550 831,017
Charitable activities 4 244,410 - 244,410 61,937
Other trading activities 5 83,000 - 83,000 -
Investments 6 30 - 30 428
Total income 3,082,990 30,000 3,112,990 893,382
Expenditure on:
Raising funds 7 118,248 - 118,248 -
Charitable activities 8 2,715,032 28,566 2,743,598 815,125
Total expenditure 2,833,280 28,566 2,861,846 815,125
Net income for the year Net movement in
funds 249,710 1,434 251,144 78,257
Fund balances at 1 September 2020 550,987 - 550,987 472,730
Fund balances at 31 August 2021 800,697 1,434 802,131 550,987

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 73 - 83 comprise part of these financial statements.

BALANCE SHEET - AS AT 31 AUGUST

2021 2020
Unaudited
Notes £ £ £ £
Fixed assets
Intangible assets 13 568,885 -
Current assets
Debtors 14 90,574 13,993
Cash at bank and in hand 343,344 559,696
433,918 573,689
Creditors: amounts falling due within one year 15 (200,672) (15,673)
Net current assets 233,246 558,016
Total assets less current liabilities 802,131 558,016
Creditors: amounts falling due after more than one year 16 - (7,029)
Net assets 802,131 550,987
Income funds
Restricted funds 18 1,434 -
Unrestricted funds 800,697 550,987
802,131 550,987

The financial statements were approved by the Trustees on 29/06/2022

Mr A E Law Trustee

Mr R J K Peston Trustee

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STATEMENT OF CASH FLOWS - FOR THE YEAR ENDED 31 AUGUST 2021

2021 2020
Unaudited
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 20 352,503 75,028
Investing activities
Purchase of intangible assets (568,885) -
Investment income received 30 428
Net cash (used in)/generated from investing
activities		 (568,855) 428
Net cash used in financing activities - -
Net (decrease)/increase in cash and cash equivalents (216,352) 75,456
Cash and cash equivalents at beginning of year 559,696 484,240
Cash and cash equivalents at end of year 343,344 559,696

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NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 AUGUST 2021

Accounting policies

1

Charity information

Speakers for Schools is a charitable incorporated organisation ("CIO"). The registered office address is Fleet House, 8-12 New Bridge Street, London, EC4V, 6AL.

Accounting convention

1.1

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention modified to financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

1.2

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Charitable funds

1.3

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Income

1.4

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from government grants and other grants whether ‘capital grants’ or ‘revenue grants’ is recognised when the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably and not deferred. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of interest paid or payable.

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 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.

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

Basic financial assets

1.9

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to 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 between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Intangible fixed assets other than goodwill

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Derecognition of financial assets

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Software development 20% straight line

No amortisation has been charged in the year under review, as the software is still in the development stage and is subsequently not available for use

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

1.8

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10

1.11

1.12

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Taxation

Speakers for Schools is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

NOTES TO THE FINANCIAL STATEMENTS (Continued)

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

On review, the Trustees consider that there are no critical accounting estimates and judgements which would have a material effect on the financial statements.

Unrestricted funds Restricted Total Unaudited
2021
£		 funds
2021
£		 2021
£		 Total
2020
£
2,681,700 - 2,681,700 830,995
73,850 30,000 103,850 -
- - - 22
2,755,550 30,000 2,785,550
Unrestricted		 831,017
Unaudited
funds Unrestricted
2021 funds
2020
£ £
244,410 61,937
Unrestricted Unaudited
funds Unrestricted
funds
2021 2020
£ £
83,000 -

3 Donations and legacies

Donations and gifts

Grants

Other

Work experience services

Sponsorship

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6 Investments

Interest receivable

Fundraising and publicity Other fundraising costs Staff costs Support costs (Note 9)

Unrestricted
funds		 Unaudited
Unrestricted
funds
2021 2020
£ £
30 428
Unrestricted
funds		 Unaudited
Unrestricted
funds
2021 2020
£ £
-
1,835 -
109,576 -
6,837 -
118,248

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

S TO THE FINANCIAL STATEMENTS (Continued) PAGE
Charitable activities Unrestricted funds Unaudited Unrestricted funds
2021 2020
£ £
Wages and salaries 2,258,180 583,076
Special projects
Rent
Travel and subsistence
Trade subscriptions
Insurance		 15,944
23,828
4,212
27,532
-		 101,606
54,616
9,387
754
1,825
Telephone and fax
Rates and office expenses
Printing, postage and stationery		 14,881
-
12,528		 2,257
1,980
3,896
Sundry expenses - 489
Bank charges - 238
Staff costs 7,406 800
Computer costs 74,594 25,968
Marketing 145,011 7,918
Legal and professional fees - 8,155
Audit and accountancy fees - 8,767
Advertising 59,834 3,393
Venue hire 3,360
Software development (568,885)
2,078,425 815,125
Share of support costs (see note 9) 652,751 -
Share of governance costs (see note 9) 12,422
2,743,598		 -
815,125
Analysis by fund
Unrestricted funds 2,715,032 815,125
Restricted funds 28,566
2,743,598		 -
815,125

8 Charitable activities

NOTES TO THE FINANCIAL STATEMENTS (Continued)

9 Support costs Support Governance Support Governance Unaudited
Costs costs 2021 costs costs 2020
£ £ £ £ £ £
Wages and salaries 427,318 - 427,318 - - -
Computer costs 34,420 - 34,420 - - -
Marketing 17,609 - 17,609 - - -
Rent 7,758 - 7,758 - - -
Professional fees 64,191 12,422 76,613 - - -
Printing, postage & stationery 7,184 - 7,184 - - -
Other staff costs 30,919 - 30,919 - - -
Subscriptions 46,945 - 46,945 - - -
Insurance 7,008 - 7,008 - - -
Sundry 16,236 - 16,236 - - -
659,588 12,422 672,010 - - -
Analysed between
Fundraising 6,837 - 6,837 - - -
Charitable activities 652,751 12,422 665,173 - - -
659,588 12,422 672,010 - - -
10
Auditor's remuneration		 Unaudited
The analysis of auditor's remuneration is as follows: 2021 2020
£ £
Fees payable to the charity's auditor:Audit of the charity's annual accounts 4,500 -
Non-audit services -Accountancy 950 -

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

12 Employees The average total number of employees at the year end was:

Employees
The average total number of employees at the year end was:
2021 Unaudited
2020
Number Number
59 15
Employment costs
Wages and salaries		 2021
£
2,508,736		 2020
£
520,700
Social security costs
Other pension costs		 238,289
48,049		 52,722
9,654
2,795,074 583,076

The charity considers the key management staff to be the Chief Executive Officer, Chief Operating Officer, Chief Programmes Officer, Programmes Director, Education & Policy Director, Executive Director – Media and the Chief Marketing Officer (2020 - Chief Executive Officer, Chief Operating Officer, Chief Programmes Officer, Programmes Director, Executive Director – Media and the Chief Marketing Officer). In the year the aggregate total amount of employee benefits received by key management personnel amounted to £502,237 (2020: £255,622). The number of employees whose annual remuneration was more than £60,000 is as follows:

----- Start of picture text -----
2021 2020
Number Number
2 -
- 1
1 -
----- End of picture text -----

£70,000 - £80,000 £90,000 - £100,000 £110,000 - £120,000

NOTES TO THE FINANCIAL STATEMENTS (Continued)

13 Intangible fixed assets Software development
Cost £
At 1 September 2020
-
Additions 568,885
At 31 August 2021 568,885
Amortisation and impairment
At 1 September 2020 and 31 August 2021 -
Carrying amount
At 31 August 2021 568,885
At 31 August 2020 -
Unaudited
14 Debtors
Amounts falling due within one year:		 2021
£		 2020
£
Trade debtors 40,753 6,000
Other debtors 17,281 1,063
15 Prepayments and accrued income
Creditors: amounts falling due within one year		 32,540
90,574
2021
£		 6,930
13,993
Unaudited
2020
£
Other taxation and social security 82,264 15,366
Trade creditors 74,296 307
Other creditors
Accruals and deferred income		 38,662
5,450
200,672		 -
-
15,673
16 Creditors: amounts falling due after more than one year
Other creditors		 2021
£
-		 Unaudited
2020
£
7,029

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

17 Related party transactions

Andrew Law, Chair and Trustee, is also a Trustee of Law Family Charitable Foundation, a charity which funds the projects costs of Speakers for Schools and in the year donated £2,665,000 (2020: £770,000) to Speakers for Schools, which is included in unrestricted funds.

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at 1 Balance at 31
Current year September Income Expenditure August 2021
£ £ £ £
Waterloo Grant - 30,000 28,566 1,434

Purpose of restricted funds:

The Waterloo Grant is to be used for staffing, running and equipment costs of the experience programme in Wales to support disadvantaged young people to gain experience in industries or organisations that they may never have considered, opening their eyes to a life of achievement and potential

Unaudited
Unrestricted Restricted Unrestricted
funds funds Total funds
2021 2021 2021 2020
£ £ £ £
568,885 - 568,885 -
231,812 1,434 233,246 558,016
- - - (7,029)
800,697 1,434 802,131 550,987

19 Analysis of net assets between funds Fund balances at 31 August 2021 are represented by:

Intangible fixed assets Current assets/(liabilities) Long term liabilities

NOTES TO THE FINANCIAL STATEMENTS (Continued)

20
Cash generated from operations
2021
£
Unaudited
2020
£
Surplus for the year
251,144
78,257
Adjustments for:
Investment income recognised in statement of financial activities
(30)
(428)
Movements in working capital: (Increase) in debtors
(76,581)
(13,993)
Increase in creditors
177,970
11,192
Cash generated from operations
352,503
75,028
21
Analysis of changes in net funds
The charity had no debt during the current or prior year.
22
Comparative Statement of Financial Activities
Unaudited
Unrestricted
Restricted
Total
Income from:
funds
£
funds
£
2020
£
Donations and legacies
831,017
-
831,017
Charitable activities
61,937
-
61,937
Investments
428
-
428		 20
Cash generated from operations
2021
£
Unaudited
2020
£
Surplus for the year
251,144
78,257
Adjustments for:
Investment income recognised in statement of financial activities
(30)
(428)
Movements in working capital: (Increase) in debtors
(76,581)
(13,993)
Increase in creditors
177,970
11,192
Cash generated from operations
352,503
75,028
21
Analysis of changes in net funds
The charity had no debt during the current or prior year.
22
Comparative Statement of Financial Activities
Unaudited
Unrestricted
Restricted
Total
Income from:
funds
£
funds
£
2020
£
Donations and legacies
831,017
-
831,017
Charitable activities
61,937
-
61,937
Investments
428
-
428
Total income
893,382		 -
893,382
Expenditure on:
Charitable activities
815,125
-
815,125
Total expenditure
815,125
-
815,125
Net income and net movement in funds
78,257
-
78,257
Fund balances at 1 September 2019
472,730
-
472,730
Fund balances at 31 August 2020
550,987
-
550,987
-
550,987

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Speakers for Schools is a registered charity in England and Wales (no 1150411) and Scotland (SC046586)

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