REGISTERED COMPANY NUMBER: 08337179 (England and Wales) REGISTERED CHARITY NUMBER: 1154463
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2024
for
HertsCam Network
George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
HertsCam Network
Contents of the Financial Statements for the Year Ended 31 August 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
HertsCam Network (Registered number: 08337179)
Report of the Trustees for the Year Ended 31 August 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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 2015).
OBJECTIVES AND ACTIVITIES Objectives and aims
The stated objectives are:
To advance education for the public benefit through the provision of award-bearing programmes such as the 'Teacher Led Development Programme' and the 'MEd in Leading Teaching and Learning' programme. Such programmes enable teachers and other education professionals to initiate, plan and lead change in their schools.
To support teacher leadership globally through the International Teacher Leadership (ITL) initiative which involves entering into partnerships with colleagues to create programmes based on the design of established HertsCam programmes.
To promote advocacy for teacher leadership through publications and contributions to professional and academic conferences both in the UK and abroad.
Significant activities
In this academic / financial year HertsCam has not been able to provide the full range of programmes as before due to a lack of staff capacity. Schools in the UK which have previously used our programmes have been encouraged to continue to use our materials without the additional support from a HertsCam Managing Group. During the previous year, Trustees took the decision to close the organisation by the summer of 2025 because the level of revenue raised from the fees charged to teachers and / or schools would not be sufficient to solve our capacity problems. However, in 2023-24, HertsCam has continued to support teacher leadership programmes in other countries.
The plan to close the organisation has been widely disseminated and our activities in 2024-25 will be focused on what we call the Legacy Project. This is dedicated to improving and packaging our guidance materials and workshop tools so that they can be given away under a Creative Commons licence during 2025. This publication, along with a number of dissemination events and activities, will enable HertsCam to achieve its goals to promote and advocate for teacher leadership in the UK and globally. It is anticipated that the remaining funds will cover the cost of the legacy work.
ACHIEVEMENT AND PERFORMANCE
HertsCam has continued to support teacher leadership programmes through funded projects such as the one with Education International (a global federation of teacher unions) to support teacher leadership in 7 countries: Brazil, Cote D'Ivoire, Ghana, Malaysia, South Korea, Switzerland and Uruguay and the Remote and Rural Schools project in Kazakhstan. Both of these are due to end in December 2024.
The website - www.hertscam.org.uk - has continued to publicise our work and make available electronic versions of our books which helps to share professional knowledge with the wider educational community. HertsCam continued to distribute and draw attention our e-books which had previously been translated into other languages including Arabic, Russian and Serbian. In 2022-23 funding was provided by Open Society Foundations to enable the translation of further papers to support the promotion of teacher leadership.
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HertsCam Network (Registered number: 08337179)
Report of the Trustees for the Year Ended 31 August 2024
FINANCIAL REVIEW
Reserves policy
The policy is that surplus funds remaining after accounts are balanced at the end of the year are used to develop and improve the network's activities. The Board of Trustees considers proposals to establish budgets for the purposes of supporting improvements to the infrastructure of the network or to support initiatives to extend the activities of the network in accordance with its charitable objects.
During 2023-24 the Board of Trustees asked the 2 part-time Co-directors appointed last year to stand down due to the cost.
We are satisfied that the finances of the network are in good order and that revenues are sufficient to support the activities of the network going forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Up until October 2019 HertsCam Network was controlled by its governing document, a deed of trust, and constituted a limited company, limited by guarantee, as defined by the Companies Act 2006. From that date the constitution changed to that of a Charitable Incorporated Organisation.
Recruitment and appointment of new trustees
At the beginning of 2023-24, one of the Trustees - Chris Ingate - dropped out. The membership in 2023-24 has included: Jo Mylles (chair), David Frost (deputy chair), Gary Holden, Cathy Barr, Jim Nixon and Fay Turner. The membership will remain the same for the final year - 2024-25.
In 2023-24 trustees have taken an active part in developing HertsCam's structures and processes for governance and management.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08337179 (England and Wales)
Registered Charity number
1154463
Registered office
Unit 1b Focus Four Fourth Avenue Letchworth Hertfordshire SG6 2TU
Trustees
Dr D C Frost BED MA PHD Trustee Dr C J Ingate Trustee Mrs C A Barr Trustee Mr M R Younger Trustee Mr W J Nixon Trustee Dr G P Holden Chair Dr F A Turner Trustee Mrs J K Mylles Trustee
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HertsCam Network (Registered number: 08337179)
Report of the Trustees for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Emma Wilsher FCA George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
Approved by order of the board of trustees on 15 November 2024 and signed on its behalf by:
Dr D C Frost BED MA PHD - Trustee
Page 3
Independent Examiner's Report to the Trustees of HertsCam Network
Independent examiner's report to the trustees of HertsCam Network ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Emma Wilsher FCA
George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU
20 November 2024
Page 4
HertsCam Network
Statement of Financial Activities for the Year Ended 31 August 2024
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Other trading activities 2 22,127 - EXPENDITURE ON Charitable activities Charitable Activity 30,429 - NET INCOME/(EXPENDITURE) (8,302) - Transfers between funds 9 5,477 (5,477) Net movement in funds (2,825) (5,477) RECONCILIATION OF FUNDS Total funds brought forward 73,099 5,477 TOTAL FUNDS CARRIED FORWARD 70,274 - |
2024 Total funds £ 22,127 30,429 (8,302) - (8,302) 78,576 70,274 |
2023 Total funds £ 54,618 |
|---|---|---|
| 50,298 | ||
| 4,320 - |
||
| 4,320 74,256 |
||
| 78,576 |
The notes form part of these financial statements
Page 5
HertsCam Network (Registered number: 08337179)
Balance Sheet 31 August 2024
| Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Debtors 7 352 - Cash at bank 79,462 - 79,814 - CREDITORS Amounts falling due within one year 8 (9,540) - NET CURRENT ASSETS 70,274 - TOTAL ASSETS LESS CURRENT LIABILITIES 70,274 - NET ASSETS 70,274 - FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 352 79,462 79,814 (9,540) 70,274 70,274 70,274 70,274 - 70,274 |
2023 Total funds £ 4,875 80,172 85,047 (6,471) 78,576 78,576 78,576 73,099 5,477 78,576 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 November 2024 and were signed on its behalf by:
Dr D C Frost BED MA PHD - Trustee
The notes form part of these financial statements
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HertsCam Network
Notes to the Financial Statements for the Year Ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Charitable incorporated organisation
On the 15th October 2019 the company converted to a Charitable Incorporated Organisation and have therefore been removed for the registrar of companies at this date.
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continued...
HertsCam Network
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| HFL Funding College/ School Contributions Misc Income International Teacher Leadership |
2024 £ 3,831 450 750 17,096 22,127 |
2023 £ - 40,450 - 14,168 |
| 54,618 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
During the year no expenses were paid to Trustees (2023 - £0)
4. STAFF COSTS
Wages and salaries relate to amounts paid to other organisations for the provision of personnel time.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Other trading activities 54,618 - EXPENDITURE ON Charitable activities Charitable Activity 50,298 - NET INCOME 4,320 - RECONCILIATION OF FUNDS Total funds brought forward 68,779 5,477 TOTAL FUNDS CARRIED FORWARD 73,099 5,477 |
Total funds £ 54,618 |
|---|---|
| 50,298 | |
| 4,320 74,256 |
|
| 78,576 |
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continued...
HertsCam Network
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Computer | ||||||||
| equipment | ||||||||
| £ | ||||||||
| COST | ||||||||
| At 1 September 2023 and | ||||||||
| 31 August 2024 | 841 | |||||||
| DEPRECIATION | ||||||||
| At 1 September 2023 and | ||||||||
| 31 August 2024 | 841 | |||||||
| NET BOOK VALUE | ||||||||
| At 31 August 2024 | - | |||||||
| At 31 August 2023 | - | |||||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Trade debtors | - | 4,875 | ||||||
| Prepayments and accrued income | 352 | - | ||||||
| 352 | 4,875 | |||||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Deferred income | - | 4,581 | ||||||
| Accrued expenses | 9,540 | 1,890 | ||||||
| 9,540 | 6,471 | |||||||
| 9. | MOVEMENT IN FUNDS | |||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.9.23 | in funds | funds | 31.8.24 | |||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General fund | 73,099 | (8,302) | 5,477 | 70,274 | ||||
| Restricted funds | ||||||||
| HFL Funding | 5,374 | - | (5,374) | - | ||||
| Open Society Foundation | 103 | - | (103) | - | ||||
| 5,477 | - | (5,477) | - | |||||
| TOTAL FUNDS | 78,576 | (8,302) | - | 70,274 |
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continued...
HertsCam Network
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,127 | (30,429) | (8,302) |
| TOTAL FUNDS | 22,127 | (30,429) | (8,302) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.9.22 | in funds | 31.8.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,779 | 4,320 | 73,099 |
| Restricted funds | |||
| HFL Funding | 5,374 | - | 5,374 |
| Open Society Foundation | 103 | - | 103 |
| 5,477 | - | 5,477 | |
| TOTAL FUNDS | 74,256 | 4,320 | 78,576 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,618 | (50,298) | 4,320 |
| TOTAL FUNDS | 54,618 | (50,298) | 4,320 |
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HertsCam Network
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds HFL Funding Open Society Foundation TOTAL FUNDS |
Net Transfers movement between At 1.9.22 in funds funds £ £ £ 68,779 (3,982) 5,477 5,374 - (5,374) 103 - (103) 5,477 - (5,477) 74,256 (3,982) - |
At 31.8.24 £ 70,274 - - |
|---|---|---|
| - | ||
| 70,274 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 76,745 | (80,727) | (3,982) |
| TOTAL FUNDS | 76,745 | (80,727) | (3,982) |
Transfers between funds
During the year any funds previously held as restricted were transferred to general funds on the basis that the trustees believe that any restriction that was present at the time of the original allocation of the funds no longer exists.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
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