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2023-03-31-accounts

Education Support Trustees’ Annual Report & Accounts For the year ending 31 March 2023

About Education Support

Our mission is to improve the mental health and wellbeing of teachers and education staff. We believe that better mental health leads to better education.

We support individuals and help schools, colleges and universities to improve the mental health and wellbeing of their staff. We also carry out research and advocate for changes in Government policy for the benefit of the education workforce.

Our free and confidential helpline is open 24/7 on 08000 562 561 and is staffed by qualified counsellors. It is available for everyone working in education, including support staff, lecturers, administrators and teaching assistants.

Call us. We’ll listen.

Contents

Chair and CEO report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Our Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2022-23 Delivering our Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Counselling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Financial grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 School Leader Wellbeing Services in England . . . . . . . . . . . . . . . . . . . . . . . . . 16 School Wellbeing in Wales Programme . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Increasing our reach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Our Research . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 How we raised our money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 How we spent our money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28 Quality Assurance and Impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Evaluating our programme work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 Legal & Administrative Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Objectives and Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Independent Auditor’s Report to the Members and Trustees of Education Support Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Chair and CEO report

In a year of turmoil, Education Support has remained wholly focused on its core aim to improve the wellbeing and mental health of everyone working in education. The context is more than a little challenging.

For many, the decision to take industrial action has weighed heavily. Throughout the year, we heard from teachers who were concerned about the impact of strike action, but who also felt that they needed to act to draw attention to the difficulties facing schools and the staff who work in them.

The tragic death of Ruth Perry galvanised school leaders across the country to challenge the status quo and to demand reform of the accountability system. And all the while, educators in all settings tell us that children and young people are struggling with their emotional and mental health. This generation of young people has not recovered from the experience of the pandemic.

If that weren’t enough, the financial pressure on families has been intense and we now have over two million children eligible for free schools meals in England alone.

The education workforce was trained to help children and young people to learn. It has neither the skill nor necessary support structures to act as a social and emotional shock absorber, buffering the complex outcomes of our social challenges.

In the face of all this, our efforts to make a positive difference can sometimes feel quite marginal. That’s why we have turned more of our attention to research and policy work this year. By shining a light on under-researched areas in the sector, we hope to create a strong evidence base for change.

We continue to produce annual workforce insight through our Teacher Wellbeing Index. We have gone further this year with specialist reports on the challenges facing middle leaders and school business managers. Supported by Pears Foundation, we began work on the Teacher Retention Commission, hearing evidence from teachers, school leaders and sector experts. We are also pleased to have published baseline research on the wellbeing of minoritised ethnic teachers.

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We continue to take a systemic approach to our work. Alongside our policy and research projects, we are building the quality and scale of the support that we offer directly to schools. With the support of Welsh government, we are delivering a holistic programme of mental health and wellbeing support directly to schools across Wales. In England, we are funded by DfE to deliver professional supervision to school leaders and through this work are building strong evidence on the efficacy of this intervention. In time, we hope to see significant growth of supervision across the UK.

Whilst influencing policymakers and working with schools are important aspects of our work, we continue to also support individual educators directly. Through our counselling helpline we offer clinical support to education staff in all roles, in all settings. Similarly, our financial support is available to anyone working in education in the UK. Unsurprisingly, we have seen a significant rise in demand for financial support this year

and we have invested some of our reserves to meet this acute need.

As we look to the future, we expect the challenges for schools and colleges to be greater still. Recruitment to the sector has slowed at the same time that attrition rates, and staff sickness levels, have increased. We will continue to focus on staff retention as a critical indicator of the health of the workforce, and by extension the health of our schools and colleges. We also hope to increase awareness of our services in Northern Ireland and Scotland as well as across further and higher education nationally.

Better wellbeing leads to better outcomes for children and young people and for the adults who work with them. We will continue to make this case with policymakers whilst we work on the ground to provide practical support to schools and individuals.

Sean Hanson & Sinéad Mc Brearty

We are hugely grateful to everyone who has donated to us this year, making our work possible. This includes our regular givers and everyone who has responded to an urgent appeal, collected sponsorship for a challenge, donated proceeds from the sale of products or left us a gift in their Will. We are also thankful to the organisations who have supported us, including the Pears Foundation, Teachers Building Society and Wesleyan.

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Our Objectives

Objective 1: To be well known, credible and trusted across the education workforce

We continue to focus on building the credibility of our brand across the sector. We do this through collaboration, speaking engagements and contributions to working groups where our wellbeing and mental health expertise can add value. We also continue to commission, write and curate mental health resources for the workforce and for school leaders. Press coverage remains healthy with good coverage in sector media and occasional articles in the national media.

As a result, our brand awareness has crept up slowly, rising to 16% this year, up from 12% in 2019. This remains a key goal for us: ensuring that educators know that Education Support is here for them. Improvements to our website mean that visitors are staying for longer and engaging with relevant content. We also continue to grow our social media followers and mailing list subscribers.

We have developed over 55 new content pieces and our resources have been viewed over 238,000 times across the year. We continue to invest time and energy in a range of important partner and stakeholder relationships. Over this period we are delighted to have collaborated with organisations across the sector including Anna Freud, ASCL, Association of Colleges, Chartered College of Teaching, the Department for Education, Education Policy Institute, NAHT, NASBTT, NASUWT, NEU, Public First, Twinkl, Universities UK and Welsh Government.

Objective 2: To move mental health toward the centre of education policy, using robust data and evidence

We increased our research and public affairs work during 2022/23, bringing insight and attention to aspects of workforce wellbeing that are under-researched. In partnership with Public First, we published work on the distinct pressures facing middle leaders in schools. We are particularly pleased to have published Mental Health and Wellbeing of Ethnic Minority Teachers , generously supported by Wesleyan.

The 2022 edition of the Teacher Wellbeing Index was well received within the sector and continues to offer a valuable reflection of the mental health and wellbeing of the workforce.

During the year we began a parliamentary contact programme. We met with education ministers in England and Wales and built relationships with key officials in both nations.

With the support of Pears Foundation, we began work on the Commission on Teacher Retention gathering evidence directly from teachers and school leaders, as well as from expert witnesses.

For more information, see page 23.

For more information, see page 18.

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Objective 3: To offer a range of high-quality services that deliver clear and substantial impact for everyone working in education

We continue to deliver our ‘safety net’ services to those working in education. Our 24/7 helpline continues to handle a consistent volume of emotional support calls from the workforce. This year we supported 4,178 people of which 9.5% were identified as at risk of suicide.

To respond to an increasing demand in grant applications across 2022/23, we made a strategic decision to invest additional funds into our grants programme. We awarded £375,374 in small grants, supporting 564 current, and retired, education staff – the highest number awarded in recent times.

With funding from Welsh Government and the English Department for Education, we provided professional supervision to over 300 school leaders during the year. The independent evaluation [1] of this work has confirmed that the service offers significant value to leaders and we will continue to invest in developing this offer as widely as we can.

Our Employee Assistance Programme continues to deliver high quality emotional and mental health support to schools across the country. Over the course of the year over 107,000 people working in education had access to this support.

For more information, see page 12.

1. Publication forthcoming in September 2023

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Objective 4: To be recognised as a centre for innovation; piloting, evaluating and disseminating new approaches to supporting the mental health of the education workforce

During 2022/23 we renewed delivery contracts with both the Welsh and English governments. Each of these programmes includes an element of innovation.

In England, we are delivering professional supervision to school leaders. This is an evolution of the counselling-based one-to-one offer that we have run since 2020. Whilst the difference is nuanced, professional supervision is based on approaches used in health, social care and psychotherapy sectors. Through the programme we are building an evidence base of efficacy that we hope can be used across the whole sector. Early evaluation findings are extremely positive.

In Wales, we expanded our Wellbeing Advisory Service, with regional advisors working directly with schools to support the development and implementation of workplace improvement strategies. To the best of our knowledge, this delivery model is unique to Wales and has been warmly received by school leaders and staff as a positive and practical intervention.

We are pleased to have run a series of smaller pilot projects with partners, including an action learning pilot with the National Association of Special Schools and a professional supervision pilot with college leaders in partnership with the Association of Colleges.

Finally, we were delighted to run a small pilot of professional supervision for school leaders in Northern Ireland. The work was incredibly well received and positively evaluated. We believe that significant support is required on the ground in Northern Ireland and we hope to attract funding to support another round of work in 2023/24.

For more information, see page 12.

Objective 5: To become financially sustainable, generating surplus to fund innovation projects

These are difficult days for charity fundraisers. We are lucky to have a diversified set of revenue streams including income from our generous individual donors, trusts and foundations, commercial income from EAP sales and programmatic funding contracts from governments.

We have chosen to utilise reserves this year to cover the unusually high demand for financial assistance and to provide investment in an expanded sales team to drive growth in our commercial business.

For more information, see page 26.

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2022-23 Delivering our Services ••

How we report our service use

We are delighted to have made improvements to our data systems. This means we report the use of our core services slightly differently.

Previously we reported annually on the number of specific issues that our helpline and Employee Assistance Programme services provided support for.

We can now be more accurate and specific in our reporting and will share data in three categories. Each year we will report the number of:

Going forward we will show each measure against the prior year.

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Education Support

Counselling

Our free and confidential helpline is open every day, round the clock.

We’re proud to provide in the moment emotional support to everyone working in the education sector.

Callers can speak to our qualified counsellors about anything from their work or home life.

Our helpline in 22-23:

People supported

----- Start of picture text -----
4,178
4,516
----- End of picture text -----

Calls answered

Thank you so much for your support. Your counsellor was honestly wonderful - very compassionate and validating and never once minimising my situation or feelings.

Teacher

----- Start of picture text -----
6,151
7,042
----- End of picture text -----

----- Start of picture text -----
11,891
----- End of picture text -----

----- Start of picture text -----
9,532
----- End of picture text -----

2022-23 2021-22

9.5%

of the people we supported by our helpline were clinically assessed as at risk of suicide compared to 9.08% the previous year

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Education Support

Employee Assistance Programme

Our EAP continues to provide quality, confidential support for thousands of people working in the education sector.

107,007

people working in schools are supported by an Education Support EAP, up from 95,300 in March 2022

12%

1166 out of 1332

organisations increase in the number of renewed their schools we served EAP service (from 1335 to 1506 )

Our service offers face-to-face counselling and information to support staff with a range of personal and professional issues. Schools and organisations can address issues before they escalate and become problems for the individual, school or pupils.

People supported

3,021 3,119

Calls answered

4,465 5,031

----- Start of picture text -----
8,054
6,565
----- End of picture text -----

2022-23 2021-22

12.4%

of the people supported by counselling via our EAP were clinically assessed as at risk of suicide compared to 11.9% the previous year

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Financial grants

The purpose of our financial support is to help education staff stay in their jobs and in their homes. The economic implications for education staff amid the rising cost of living can be seen in the high number of grant applications we received in 2022/23. Our financial support has never been more in demand.

To respond to the increasing demand, we took the strategic decision to invest additional funds into our financial grants programme. This enabled us to provide grants to 564 current, and retired, education staff – the highest number of awards we have made in the past six years.

1119

applications received in 22/23

----- Start of picture text -----
564 338 £375,374
grants awarded in applications from awarded
22/23 Jan 23-March 23
----- End of picture text -----

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Education Support

I had no money for petrol or food at the time. When I opened the email informing me that I was going to get help I cried with relief. I honestly cannot thank you enough.

Awarded £550 in March 2022 for food and travel to workcosts — a teacher of over 12 years but now working as a TA.

We provided grants to support people with a range of needs, including:

Service feedback

----- Start of picture text -----
90 [%]
----- End of picture text -----

believe the grant had a positive impact on their financial circumstances

----- Start of picture text -----
99 [%]
----- End of picture text -----

rated the service as good or excellent

100[%] people would recommend us to a colleague

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School Leader Wellbeing Services in England

Across 2022/23 we continued to deliver our School Leaders’ Service, funded by the Department for Education. We were delighted to be able to extend the service to assistant heads.

The service continued to offer two strands of support: group based peer support and oneto-one support, with both professional supervision and support from BACP accredited counsellors available.

376

leaders accessed the service, during what remained a difficult period for those in leadership roles

76%

of these 376 leaders opted for 1:1 professional supervision. ( 87 peer support / 289 one-to-one professional supervision)

From January 2023-March 2023, we saw a significant increase in the number of school leaders signing up to the one-to-one professional supervision strand of the service, with a total of 348 new applications.

Supervision continues to be a developing area in the sector and those who participate report multiple impacts, including:

“Concepts I worked on with my supervisor really helped me to understand myself and my reactions and where they were coming from. This has been absolutely beneficial in my work.”

Supervision participant

In September 2022, the Department for Education commissioned York Consulting to carry out a full evaluation of the service. The final evaluation report will be published by September 2023.

“I would love to continue with my sessions with my supervisor. As a DSL I have had supervision before but this is the first time I’ve found it useful.”

Supervision participant

“It helped me to stay in the career that I love.”

School Leader

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Education Support

School Wellbeing in Wales Programme

By the end of March 2023 we had supported over 300 schools in Wales to create, and sustain, more mentally healthy cultures. We continue to see excellent results from this work.

----- Start of picture text -----
100 [%]
----- End of picture text -----

of schools reported improved knowledge about staff mental health and wellbeing

----- Start of picture text -----
100 [%] 100 [%]
----- End of picture text -----

of schools described themselves as more motivated to implement wellbeing activity

of schools reported improved confidence when planning how they will support staff mental health

We were delighted to be awarded additional funding to significantly scale up our programme of support in Wales from January 2023. This additional funding allowed us to:

“Our initial meeting was one of the most useful hours I have spent in a meeting in years!" School Leader

“[The advisor] really recognised what we were doing with staff wellbeing in school and she reassures me that I'm doing lots of stuff, so we should feel really good about that, which I think sometimes people forget to do. So I felt like that was a really nice touch, to reassure me and say, you're doing well, great, but let's see what else we can do.” Wellbeing Lead

“He listened carefully to me and where I felt our school was at, all the while making notes and asking thoughtful and provoking questions which helped me to gather my thoughts. He then helped me to form our school's commitment plan, he supported me with what would be in this plan and how to share this plan with stakeholders.”

School Leader

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Increasing our reach

We have continued our strategy to reach teachers and education staff via digital resources and events. We’re delighted that our audiences continue to grow, and interact with us more!

----- Start of picture text -----
Over
428,857 56.4k 141,115 2,211 56
visitors to the social media people reached people reached pieces in
website followers via new digital via our online national and
resources events sector media
----- End of picture text -----

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Our content and resources

We continue to improve our website and have published over 55 high quality resources to help keep teachers and education staff mentally healthy including topics ranging from bereavement and loneliness to motivation theory and managing the menopause in a school setting.

Our top three free resources in 2022-23 were:

----- Start of picture text -----
Bullying and
harassment
Teacher burnout
and how to avoid it
Time Management
and wellbeing
at work
16k+
views
15k+
views
12k+
views
----- End of picture text -----

20 Annual Report and Accounts 2022-23

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Online events

80 attendees 91 views

51 attendees 48 views

84 attendees 188 views

158 attendees 26 views

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Education Support

----- Start of picture text -----
1790
views
----- End of picture text -----

Our events raised over £700 in donations – thank you to everyone who attended and donated!

Being a voice for the sector on staff wellbeing

We were delighted to partner with the Education Policy Institute to run stakeholder roundtable events that centred the importance of staff wellbeing in education policy conversation.

We hosted a roundtable on teacher wellbeing and the education recovery agenda in March 2022 and held events at the Conservative and Labour party conferences in 2022.

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Education Support

Our Research

In 2022-23 we continued to publish comprehensive and robust research about the mental health and wellbeing of teachers and all education staff. We published:

Mental Health and Wellbeing of Ethnic Minority Teachers

Mental Health and Wellbeing of Ethnic Minority Teachers

In January we published the findings of a study which sought to understand the issues and challenges experienced by ethnic minority teachers working in English schools and how these impacted on their wellbeing. The report amplifies the voices and experiences of Black, Asian and other ethnic minority teachers and leaders. The full findings can be found on our website.

To maximise the impact of this report, we worked with our friends at the Chartered College of Teaching to host a webinar on the experiences of ethnic minority teachers.

This report would not have been possible without the generous financial assistance provided by Wesleyan Financial Services Limited, and the insightful advice and guidance provided by the BAMEed Network and Black Teachers Connect.

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Pressures on Middle Leaders in Schools

Understanding the professional stresses and strains that middle leaders face in their working lives.

Pressures on Middle Leaders in Schools

In June 2022 we partnered with Public First to develop a report into the experiences of Middle Leaders. You can read more about the findings of the research here. You can also read Sinéad’s comment piece in Schools Week here. To continue our work on issues affecting Middle Leaders, we worked with our friends at Twinkl to develop a podcast series called ‘Leading from the Middle’, which can be accessed here.

----- Start of picture text -----
In collaboration with:
www.publicfirst.co.uk
educationsupport.org.uk
----- End of picture text -----

The Mental Health and Wellbeing of School Business Leaders

Working in schools in England and Wales

March 2023

----- Start of picture text -----
in partnership with
----- End of picture text -----

The Mental Health and Wellbeing of School Business Leaders

We also worked in partnership with Education Mutual [2] to better understand the wellbeing of School Business Leaders.

School Business Leaders play an essential, but often unnoticed, role in the smooth running of schools, yet there is little research relating to the wellbeing of this group of staff.

The key findings of this study were published in March and can be found on our website.

To launch the report, we participated in a webinar with Education Mutual which was attended by over 100 School Business Leaders and School Business Managers.

2. Education Mutual is the only member-owned, DfEapproved staff absence protection provider in the UK. https://www.educationmutual.co.uk/

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Teacher Wellbeing Index 2022

Teacher Wellbeing Index 2022

This was our sixth annual Teacher Wellbeing Index. We have now accumulated a large dataset on the mental health and wellbeing of education staff working in the UK.

Our 2022 survey of over 3,000 UK education staff found:

[experienced symptoms of poor] 78[%] mental health due to their work

[were stressed] 75[%] (rising to 84% for senior leaders)

[always went into work when unwell] 47[%] (rising to 61% for senior leaders)

42[%][reported that their organisation’s culture] had a negative impact on their wellbeing

59[%][had considered leaving the sector that year due to pressures on their mental health] and wellbeing, of whom 55% had actively sought to change or leave their jobs

Visit our website to download the full report and learn more about our findings and recommendations.

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Education Support

How we raised our money

During 2022/23 23,661 individual supporters donated regularly, responded to appeals, or left us a gift in their Will.

We are also fortunate to have the support of charitable foundations, government and corporate partners. We generate income from the workplace services that we provide to schools and colleges, as well as through returns from our investments.

Total Income £3.042M

We couldn’t do what we do without our supporters, partners and customers. Thanks to them, we raised £3.042 million in 2022/23.

Donations and Legacies £1,295,984

Workplace Services £973,604

Government programmes £569,782

Investment Income £98,290

Trusts and Foundations £56,000

Corporate Donations £31,685

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Education Support

Strides Against Stress

Following the huge success of our 2021 inaugural virtual challenge, Strides Against Stress, we were excited to bring this event back for a second year.

During April, which was also Stress Awareness Month, our heroic fundraisers strode, cycled, ran, hopped and rode in style, smashing the 30-mile challenge and raising an impressive £10,500 .

Well done Striders and thank you so much!

It made me focus on fitness as a method of managing stress whilst also helping others

“I took time every single day to get out in nature for a walk or a run. I discovered that exercise was the best thing I could do to maintain a positive outlook

“I enjoyed being part of our team and seeing how many staff joined me!”

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Education Support

How we spent our money

Total Expenditure £2.483M

£2,483,350 was spent in total in the year on charitable services.

The cost of raising funds was £955k (2021:22 £1.069m) excluding strategic development costs.

The deficit excluding investment losses was £569,737.

Counselling and mental health advice services £1,353,679

Communications, policy and research £504,965

Financial support services £483,446

Information and online advice services £141,260

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Education Support

Quality Assurance and Impact

Education Support continues to operate a bi-annual audit programme with an independent clinical assessor. These audits involve listening to calls, examine processes in place and explore how improvements might be made. Each audit meeting operates to ISO 9001:2008 standards and monitors the performance of counsellors (based on clinical and non-clinical standards).

Furthermore, we invite every service user to complete an online evaluation form.

Workplace Options Audit Scores: January 2023

Actual clinical rubric

94.2[%] 90[%]

Target clinical rubric Actual work-life rubric

94.4[%] 90[%]

Target work-life rubric

Service User Feedback:

----- Start of picture text -----
91.2 [%]
----- End of picture text -----

said using our service helped them feel better equipped to deal with their problem or query

----- Start of picture text -----
89.8 [%]
----- End of picture text -----

agreed that the service had a positive impact on their situation.

[2.5%][ on 21/22]

----- Start of picture text -----
98.1 [%]
----- End of picture text -----

----- Start of picture text -----
94 [%]
----- End of picture text -----

agreed that we are of helpline users empathetic and rated their overall understanding impression of using the service as  [0.7% ][on 21/22] good or excellent.

[2%][ on 21/22]

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Education Support

Evaluating our programme work

In addition to clinically assessing our helpline, we robustly evaluate our large scale programmes working alongside independent evaluation partners. As well as helping us understand the impact of our programmes work on our beneficiaries, these evaluations have helped us shape additional pilot programmes and helped us secure further funding to scale up the support, enabling us to reach more beneficiaries across England and Wales.

In September 2022, the Department for Education commissioned York Consulting to carry out a full evaluation of the School Leader Wellbeing Service in England. The final evaluation report will be published by September 2023.

We commissioned Envoy Partnership to carry out an evaluation of our Staff Wellbeing Service in Wales, with the final report published in October 2022. Some of the outcomes from this report are shared on page 17.

We also commissioned the Institute of Employment Studies to scope the feasibility of impact assessment of our helpline and financial grants programme. The findings of this work were positive and we will move to more detailed impact assessment in 2023/24.

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Legal & Administrative Information

The trustees are pleased to present their report and accounts for Education Support and its subsidiaries (the group) for the year ended 31 March 2023.

Constitution

Education Support is a Company Limited by Guarantee (Company Number 09311354) with charitable status and is registered with the Charity Commission under registration number 1161436. It does not have any share capital.

Education Support is the successor to the Teacher Support Network Group comprising of Teacher Support Network and Recourse following a merger of their assets, activities, undertakings and liabilities on 31 March 2015.

The company was incorporated on 14 November 2014 as Education Sector Support UK and changed its name to Education Support Partnership on 24 July 2015.

Education Support Partnership and Worklife Support (a former subsidiary of Teacher Support Network) merged their trading activities and assets on 1st April 2016.

Governing document

The governing document guiding the work of the organisation is the Articles of Association – these articles were adopted upon incorporation and were amended following a special resolution in December 2018. The Charity is a Charitable Company Limited by Guarantee.

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Trustees and Management

Board of Trustees who were in place during the financial year 2022 - 2023

Sean Hanson Chair
Adam Alagiah-Glomseth
Helen Herniman Resigned 27 April 2023
Debbie Simpson
Amy Bills Resigned 1 December 2022
Mark Baker Appointed 1 December 2022
Steve Wharton Appointed 1 December 2022
Emma Hollis
Gareth Conyard
Rachelle Headland
Sridhar Athreya Honorary Treasurer, Resigned 16 December 2022

Elected Officers of the Board

Sean Hanson Trustee Board Chair
Sridhar Athreya Honorary Treasurer to 16 December 2022
Rachelle Headland Honorary Treasurer from 17 December 2022
Emma Hollis Governance, Delivery & People Committee Chair from 1st April 2022

Leadership team during the financial year 2021-2022

Sinéad Mc Brearty Chief Executive Ofcer
Paul Lismore Director of Finance & Operations
Faye McGuinness Director of Programmes
Gemma Scotcher Director of Communications & Public Afairs (From April 1st 2022)

33 Annual Report and Accounts 2022-23

Education Support

Other charities and companies in the group;

Teacher Support Network 40A Drayton Park, London N5 1 EW

Teacher Support Network formerly promoted health and wellbeing and offered benevolence to teachers. The company and charity transferred its assets and undertaking to Education Support Partnership on 31 March 2015 and is currently dormant.

TBF Holdings Limited

TBF Holdings Ltd is a wholly owned subsidiary that manages the shareholdings of the charity in Worklife Support Limited. The principal office is at 40a Drayton Park, London, N5 1EW.

Professional advisors

Bank

National Westminster Bank plc, Chancery Lane and Holborn branch, 332 High Holborn, London, WC1V 7PS

Solicitors

Gateley Plc Park View House, 58 The Ropewalk, Nottingham, NG1 5DW

Auditor

Moore Kingston Smith, 9 Appold Street, London, EC2A 2AP

TBF Trading Limited

Currently dormant.

Clinical auditor services

Ben Amponsah, Apartment 39 Islington Wharf Great Ancoats Street, Manchester, M4 6DH

Worklife Support Limited (WLS Ltd)

WLS Ltd was a trading subsidiary of the charity delivering a range of health and wellbeing services to employers and their employees in education and in the third sector. The charity’s shareholding in WLS was held by TBF Holdings Limited, a subsidiary of Education Support Partnership. Its activities merged with Education Support Partnership on 1 April 2016.

Investment Manager

Quilter Cheviot Senator House, 85 Queen Victoria Street, London, EC4V 4AB

Education Support’s registered office

Education Support, 40a Drayton Park, London N5 1EW

34 Annual Report and Accounts 2022-23

Education Support

Objectives and Activities

Our vision and mission

Mission

Our mission is to improve the mental health and wellbeing of teachers and education staff. We believe that better mental health leads to better education.

How we deliver public benefit

Everything we do is aimed at supporting and improving the wellbeing and mental health of those working in, and retired from, education. This includes assisting them in managing their finances and going some way to relieving the associated pressures of financial hardship. We support the whole person: by that, we mean not just an individual in their professional capacity but in their personal life as well. In setting the business plan each year the trustees of Education Support have complied with the duty of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission, including “Running a Charity PB2”.

Summary of our principal activities

See pages 10-30.

Volunteers

Governance Review

The board of trustees continue to assess its performance and skills. A full board effectiveness review is carried out regularly. Actions and findings from that are being incorporated into our use of the governance wheel toolkit [3] . One element of the good governance wheel is reviewed by our governance committee each meeting.

As well as the board of trustees there are three sub committees:

Trustee selection methods

Trustees are recruited via an open recruitment process, selected on the basis of skill gaps and ability to contribute effectively to the governance of Education Support. We also coopted two trustees with specific skill-sets that we had not been able to attract through open recruitment, namely higher education and digital development. We do not plan to co-opt to any further posts.

Education Support did not run a volunteer programme in 2022 - 2023.

Structure, Governance and Management

Governance structure

The Board of Trustees

Trustees govern the activities of the charity in accordance with its Articles of Association. The charity is constituted as a Charitable Company Limited by Guarantee and has no share capital.

Remuneration policy

Staff salaries cost of living increases are approved at the remuneration committee before the annual budget for the year is completed. Senior staff salaries are reviewed by the remuneration committee against market rates on a regular basis.

How we make decisions

The board of trustees meets on a quarterly basis to review progress against key objectives.

3. The NCVO’s Governance Wheel can be accessed here: https://www.ncvo.org.uk/help-and-guidance/governance/ board-basics/tools-and-guidance/governance-wheel/#/

35 Annual Report and Accounts 2022-23

Education Support

The board of trustees makes all strategic decisions and delegates responsibility for the operational management and leadership of the charity to the Chief Executive (under the terms of the CEO delegated authority) who is supported by the Leadership Team.

Financial procedures set the financial limits for decision making at varying and appropriate levels from board level downwards.

The board of trustees organises itself into committees in order to explore particular areas in more depth and report back and make recommendations to the board as a whole.

Induction and Training

We run an induction process for all new Trustees and review content and feedback regularly.

Fundraising Review

The majority of Education Support’s fundraising is conducted by paid staff or by volunteers securing small sums of sponsorship on our behalf. We also work closely with carefully selected third party organisations who fundraise on our behalf, conducting telephone campaigns and operating our online lottery.

Education Support, and our third party fundraising partners comply with fundraising regulations and the Fundraising Regulator code of practice. Education Support and our third party suppliers are registered with the Fundraising Regulator, and pay the annual levy.

No areas of non-compliance have been identified relating to any of our fundraising activities.

There were no complaints registered relating to fundraising activities in 2022/2023.

Investment Policy

Quilter Cheviot acts as Investment Manager to Education Support. The investment objective is to invest holdings on a long-term basis to achieve capital appreciation and minimum income of 3 percent per annum for distribution to the charity on a quarterly basis.

The charity adopts a socially responsible investment approach excluding investment in arms manufacture and distribution and promotion of pornography from its portfolio, and restricting tobacco investment. We support

community investment, environment and green technology, and encourage investment in recycling and waste, safety and protection, training and educational activities and employment.

Investments are selected from a wide range of asset classes to allow for diversification and maximise performance with a reasonable or balanced level of risk.

The Committee meets annually with its Investment Manager to review performance of the fund and to determine future plans. An initial £4.0 million was invested in the fund in 2014 and a further £300k added during 2015/16.

The investment portfolio lost £231k of its overall value during the financial year, reflecting the uncertainty around financial markets. The balanced approach adopted by Quilter Cheviot has benefited the charity by outperforming benchmarked indices such as FTSE All Share.

Markets have improved since 2020 but remain uncertain. The market value of the investments at 31 March 2023 is £3.1 million compared to £3.3 million as at 31 March 2022.

The trustees have considered the nature, disposition, marketability, security and valuation of the scheme’s investments and consider them to be appropriate relative to the reasons for holding each class of investment. More details about investments are given in the notes to the financial statements.

Financial Review

2022/23 cost of living issues greatly affected both our beneficiaries and donations.

Individual donors continue to be the financial bedrock for our charitable services. During the year we expanded our commercial team with the intention of growing our EAP revenue. We secured further grant and contract funding from DfE and the Welsh Government for projects aimed at supporting schools and school leaders.

The generous response from supporters has enabled us to maintain similar levels of income through our regular fundraising activity (excluding legacies). The commercial environment is challenging, with pressure on school budgets: we achieved 95% of 202122 income.

36 Annual Report and Accounts 2022-23

Education Support

We invested in strategic priorities (£173k) and due to the increased need for our grants programme, we spent £117k from our grant reserve. This means that, prior to investment gains/losses, we have an unrestricted deficit of £317k, and a total deficit including restricted and endowment funds of £570k.

Total incoming resources for the year were £3.042 million (2021/22: £3.514 million) and total expenditure was £3.612 million, (2021/22: £3.404 million) giving an operating deficit of £570k (2021/22: surplus £334k) before gains/ losses on investments. The £334k in 21/22 also includes a large gain on pension valuation of £224k.

The deficit reflects our response to beneficiary need in these challenging times, as well as our decision to invest in long term growth of the EAP business.

In 2022/23 financial year voluntary income was £1.384 million, down 7% on 2021/22 excluding legacies. This appears to be driven by cost of living pressure in the past 12 months. This was most evident in our annual appeals with £63k raised, compared to £128k in 2021/22. Voluntary income made up 45 percent of our total income. We will continue our long term strategy to diversify voluntary income sources.

Commercial revenue generated from our EAP business (and some other small training activities) totalled £974k (2021/22: £1.029 million).

In 2022/23 Education Support continued to contract with the English and Welsh governments to deliver new services to support education staff during the pandemic. Income in this area was £570k and additional funding is already secured for 2022/23.

37 Annual Report and Accounts 2022-23

Education Support

Education Support continues to focus on achieving cost efficiency. Total resources expended in Education Support for the year amounted to £3.612 million, an increase of £208k on 2021/22, reflecting the spend on charitable grant-making to education staff.

Reserves Policy

The trustees have set a reserves policy, which requires that:

The policy states that free reserves should be maintained at a level which is at least equivalent to six months’ operational expenditure, having regard to its future business plan and likely funding streams. Based on the organisation’s budget for 2023-24 this equates to £1.890 million. At 31 March 2023, the value of unrestricted free reserves is £2.798 million.

The Trustees have decided to transfer from free reserves a sum of £300k for future years into designated funds for:

The underlying assets of the organisation have sufficient liquidity to enable the organisation to meet all of its commitments as they fall due, but we recognise that we are operating currently in an uncertain environment.

Restricted reserves represent funds provided by external organisations for a specific purpose. These funds are actively managed and utilised in accordance with the restrictions placed on these funds as advised to Education Support.

Free Reserves

It is recognised that the level of free reserves at 31 March 2023 is in excess of our policy minimum, however trustees recognised that the level of uncertainty around both voluntary and commercial income, the uncertainties that will remain throughout this year and beyond, and the increased level of need for our services, require us to be able to react positively in the coming years. We also aim to invest in strategic development projects in 2023/24 to meet key organisational goals and to establish an investment plan for further development thereafter.

Designated funds

The Development Fund represents the fund designated for the strategic development and growth of the charity.

Trustees have set aside funds for additional grant support which was utilised this year and £233k remains available for future use if needed. As mentioned an infrastructure reserve is set up of £85k for new systems and major office works and we have set aside £225k for development including impact and data reviews.

The trustees regularly review the level of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations. Trustees have the ability to redesignate reserves as they wish to meet the business needs of the organisation.

Risks and Uncertainties

Purpose and scope of the risk management policy

In the process of delivering its services, Education Support is subject to certain risks that affect its ability to operate, support its beneficiaries and staff in the education sector and protect its assets. These include risks to employees, service users, customers, financial risks, liability to others and risks to property. These risks are managed through an effective risk management policy that seeks to minimise, mitigate, or in certain cases, avoid these risks through appropriate management action.

The aim of the policy is for trustees and management within Education Support:

38 Annual Report and Accounts 2022-23

Education Support

1. to understand as fully as possible the risks being faced or taken;

2. to take appropriate action to manage these risks where it is possible and cost effective to do so;

3. to minimise the risk that new initiatives adversely affect existing services;

4. to accept a higher level of uncertainty, if appropriate, when taking advantage of new opportunities.

The Senior Leadership Team is, through its dayto-day operational management of the charity, responsible for managing and controlling risk in line with the approved policy and framework agreed by the board. The impact of the Covid-19 pandemic was identified as a serious risk early in 2020/21 and the organisation moved to mitigate the impact as can be seen from the results.

Within Education Support, risks are categorised as follows:

The most significant strategic risks are:

1. Impact of recessional events

2. Funded programmes not delivering on targets/impact

3. Lack of Board diversity

The risk register is reviewed every six months by the trustees and the policy is reviewed annually.

Third party operational risk management

The safety and wellbeing of our service users is paramount and to that end, we ensure that our service centre takes risk management very seriously.

We continue to operate a robust quarterly audit program with our clinical auditor at our service centre in Ealing. You can read more about our audit process on page 30. Our audits are designed to ensure that we are aware of risks to the helpline and EAP service. These include operational risks but also risks which might impact upon the r-eputation of the services and the organisation and ultimately the users of our services. Mitigating actions are put in place to address any areas of potential concern.

Pension Liability

The charity participates in the scheme, a multiemployer scheme which provides benefits to some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This actuarial valuation showed assets of £800.3 million, liabilities of £831.9 million and a deficit of £31.6 million. To eliminate this funding shortfall, the trustees and the participating employers have agreed that additional contributions will be paid to the scheme as follows:

39 Annual Report and Accounts 2022-23

Education Support

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company and charity law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the group, the incoming resources and application of resources, including its income and expenditure, for the period. In preparing, those financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 requirements of the Companies Act 2006. 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.

In so far as the trustees are aware:

Going Concern

We continue to work in a challenging environment in terms of income generation and beneficiary needs. However we have invested in our sales structure and continue to invest from reserves in areas that will support longer term goals. After reviewing the group’s forecasts and projections, and taking into account the reserves available, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future, being the 12 months from the date these accounts are signed and have not identified any material uncertainties in this regard. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

Small Company Provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the Board of Trustees on 12 September 2023

and signed on their behalf by:

Sean Hanson (Chair)

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing preparation and dissemination of the financial statements and other information included in annual reports may differ from legislation in other jurisdictions.

40 Annual Report and Accounts 2022-23

Education Support

Independent Auditor’s Report To The Members And Trustees of Education Support Partnership

Opinion

We have audited the financial statements of Education Support Partnership (the ’parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2023 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Group Cash Flow Statement and 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:

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 company 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 the provisions available for audits of small entities, in the circumstances set out in note 7 to the financial statements, 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 group’s and parent charitable company'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, except to the extent otherwise explicitly stated in our report, 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 there is 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.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion:

42 Annual Report and Accounts 2022-23

Education Support

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 group and parent charitable company’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 liquidate the group or parent charitable company or 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 the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of noncompliance 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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

43 Annual Report and Accounts 2022-23

Education Support

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and, in respect of the consolidated financial statements, to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinion we have formed.

Shivani Kothari (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

21 September 2023

9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

44 Annual Report and Accounts 2022-23

Education Support

Consolidated statement of financial activities (incorporating an income and expenditure account) for the year ended 31 March 2023

Unrestricted
funds (£)		 Restricted
funds (£)		 Endowment
funds (£)		 Total Year
to 31 March
2023 (£)		 Total Year
to 31 March
2022 (£)
Income (Notes)
Donations and legacies
Trusts and Foundations
Government Programmes
Paid for services
Policy and Research
Investment Income(6)
Total income
Expenditure
Raising Funds
Cost of generating voluntary income(5)
Paid for services(5)
Investment management costs
Charitable expenditure
Counselling and mental health advice service(5)
Financial Support Services(5)
Communications, Policy and Research(5)
Information and Online Services(5)
Training and organisational development(5)
Strategy Development(5a)
Total Expenditure
Pension Valuation
Net Income/ (Expenditure)
Realised gains/(losses) on investments(11)
Unrealised gains/(losses) on investments(11)
Unrealised gains/ (losses) on
investment property(11)
Transfers between funds
Net gains/(losses) on investments
Net income/(expenditure) for the year
Net movement in funds
Funds at 1 April 2022(16)
Funds at 31 March 2023 (17)		 -
-
569,782
-
-
18,344
588,126
-
-
-
-
686,578
84,514
55,546
15,539
-
-
842,177
842,177
(254,051)
(1,844)
(39,705)
-
1,366
(40,183)
(294,234)
(294,234)
892,222
597,988		 1,327,669
56,000
569,782
973,604
16,605
98,290
3,041,950
367,804
559,251
28,376
955,431
1,353,679
483,446
504,965
141,260
0
172,906
2,656,256
3,611,687
(569,737)
(10,265)
(220,974)
79,000
-
(152,239)
(721,976)
(721,976)
5,835,210
5,113,234
1,327,669 - 1,724,455
56,000 - 82,056
- - 584,758
973,604 - 1,029,496
16,605 -
78,580 1,366 93,439
2,452,458 1,366 3,514,204
367,804 - 489,754
559,251 - 543,583
28,376 - 35,765
955,431 - 1,069,102
667,101 - 1,153,493
398,932 - 432,682
449,419 - 416,646
125,721 - 150,036
0 - 43,902
172,906 - 137,877
1,814,079 - 2,334,636
2,769,510 - 3,403,738
223,727
(317,052) 1,366 334,193
(8,284) (137) (142,351)
(178,313) (2,956) 372,552
79,000 - 0
- (1,366) -
(107,597) (4,459) 230,201
(424,649) (3,093) 564,394
(424,649) (3,093) 564,394
4,879,391 63,597 5,270,816
4,454,742 60,504 5,835,210

All incoming resources and resources expended derive from continuing activities All recognised gains and loses are reflected through the Consolidated Statement of Financial Activities and no separate Statement of Total Recognised Gains and Losses has been presented. The notes on pages 48 to 61 form part of these financial statements

45 Annual Report and Accounts 2022-23

Education Support

Balance sheets as at 31 March 2023 Company registration number: 9311354

Fixed assets(Notes)
Tangible fixed assets(10)
Intangible Fixed Assets(10)
Investments(11)
Current assets
Debtors(12)
Cash at bank and in hand
Creditors: amounts falling due within one year(13)
Net current assets
Pension Provision(14)
Net assets
Funds
Endowment(16a)
Restricted(16b)
Unrestricted:
General Fund(16c)
Funds at 31 March 2023 (17)		 at 31 March
2023
Group (£)		 at 31 March
2023
Charity (£)
1,113,698
-
3,761,525
4,875,223
432,378
626,378
1,058,756
(816,517)
242,239
(4,228)
5,113,234
60,504
597,988
4,454,742
5,113,234		 at 31 March
2022
Group (£)		 at 31 March
2022
Charity (£)
1,130,194
-
3,838,755
4,968,949
588,677
1,194,293
1,782,970
(868,330)
914,640
(48,379)
5,835,210
63,597
892,222
4,879,391
5,835,210
1,113,698 1,130,194
- -
3,761,423 3,838,653
4,875,121 4,968,847
432,380 588,679
626,378 1,194,293
1,058,758 1,782,972
(816,417) (868,230)
242,341 914,742
(4,228) (48,379)
5,113,234 5,835,210
60,504 63,597
597,988 892,222
4,454,742 4,879,391
5,113,234 5,835,210

As permitted by s408 Companies Act 2006, the company has not presented its own income and expenditure statement and related notes. The company's loss for the year was £721,976 (21/22 FY: surplus £564,394)

These financial statements have been prepared in accordance with the provisions applicable to the small companies regime.

These financial statements were approved by the Board of Trustees and authorised for issue on 12 September 2023 and signed on their behalf by:

Sean Hanson

46 Annual Report and Accounts 2022-23

Education Support

Consolidated Cash Flow Statement Year Ended 31 March 2023

Reconciliation of net income/(expenditure) to net
cash flow from operating activities
Net income/(expenditure) for the year as per the statement of financial activities
Adjustments for
Depreciation and amortisation charges
Loss/(Gain) on investments
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/Decrease in stocks
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by operating activities
Net cash flow provided by operating activities
Cash flows from investing activities
Dividends, interest and rent from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Analysis of cash and cash equivalents
Cash at bank and in hand
Cash held by broker
Total cash and cash equivalents		 Year to
31 March 2023 (£)		 Year to
31 March 2022 (£)
564,394
14,635
(230,201)
(93,439)
-
-
(296,916)
(227,411)
(268,938)
(268,938)
93,439
-
(8,610)
685,264
(503,063)
267,030
(1,908)
1,487,507
1,485,600
£
1,194,293
291,307
-
1,485,600
(721,976)
16,498
152,239
(98,290)
-
-
156,299
(95,432)
(590,662)
(590,662)
98,290
-
-
503,310
(654,971)
(53,371)
(644,033)
1,485,600
841,567
£
626,378
215,189
-
841,567

47 Annual Report and Accounts 2022-23 Education Support Partnership

Education Support

Notes to the financial statements for the year ended 31 March 2023

1. Company Information

Education Support is a private limited company incorporated in the United Kingdom on 14 November 2014, under Company Number 9311354.

The company’s registered office is 40A Drayton Park, London N5 1EW.

2. Basis of Preparation

The group financial statements consolidate the financial statements of Education Support Partnership and its entire subsidiary undertakings drawn up to 31 March each year.

Going Concern

We continue to work in a challenging environment in terms of income generation and beneficiary needs. However we have invested in our sales structure and contibue to invest from reserves in areas thaty will support longer term goals. After reviewing the group’s forecasts and projections, and taking into account the reserves available, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future, being the 12 months from the date these accounts are signed and have not identified any material uncertainties in this regard. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

3. Accounting policies

The following indicates the principal policies adopted:

i. Income and expenditure

All items of income and expenditure are accounted for on an accruals basis. Where contracts are awarded in favour of the company for fixed terms, contract income and the direct costs associated with the contract are accrued evenly over the duration of the contract.

purposes of FRS102 and therefore the charity also prepared its financial statements in accordance with Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), the Companies Act 2016, and the Charities Act 2011.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts are rounded to the nearest pound.

Trusts and foundation grants are recognised when entitlement to the grant is confirmed.

Paid for services income is recognised when the services are delivered.

Investment income is included in the Statement of Financial Activities in the year in which it is receivable.

ii. Tangible assets

Tangible fixed assets are measured at cost less accumulated depreciation to date and any accumulated impairment losses. Depreciation is calculated to write down the cost less residual value of all tangible fixed assets over their expected useful lives, using the straight line method. The rates applicable are:

Computer equipment 3 years Furniture and fittings 5 years

Our Head office leasehold is depreciated over the period of the lease (155 years) on a straight line basis. Refurbishment costs associated with the property are depreciated over 50 years on a straight line basis.

iii. Intangible assets

Intangible assets are measured at cost less accumulated amortisation to date and any accumulated impairment losses. Amortisation is calculated to write down the cost less residual value of all intangible assets over their expected useful lives, using the straight line method. The rate applicable is:

Income

The specific bases for accounting for income are described below.

Donations are included in full in the statement of financial activities when received.

For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified to the executor’s intention to make a distribution.

The charitable Group is a public benefit group for the

Software 3 years

iv. Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

v. Investments

Listed investments are included in the financial statements at bid value at the balance sheet date. Gains/losses on disposal of investments and revaluation of investments are recognised in the year of gain or loss and are allocated to the funds to

48 Annual Report and Accounts 2022-23

Education Support

which the investments relate. Investments in subsidiaries are included in the financial statements at cost.

vi. Debtors

Short term debtors are measured at transaction price, less any impairment.

vii. Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

viii. Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases. Rentals payable under operating leases are charged on a straight line basis over the lease term, unless the rental payments are structured to increase in line with general inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor.

ix. Taxation

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied for its charitable purposes.

x. Turnover

Turnover arises from the company’s principal activities of providing support, assistance and training and consists of amounts invoiced net of VAT. All turnover arises in the U.K.

xi. Expenditure allocation

Expenditure has been allocated to restricted and unrestricted funds by direct attribution where possible, or by the proportion of service usage reported and attributed to each fund.

xii. Employee benefits

Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred. In line with FRS 102 accrued holiday has been included as an expense in the period in which the entitlement arose.

xiii. Pensions

separately from those of the Charity in independently administered funds. The pension cost charge represents contributions payable to the scheme contributions payable to the scheme in the year. The Charity has no liability under the scheme other than the payment of those contributions.

xiv. Funds

General funds are those that are available for use at the Trustees’ discretion in the furtherance of the Charity’s objectives. Designated funds are unrestricted funds set aside for unrestricted purposes and which would otherwise form part of general funds. Details of the nature and purpose of each fund are set out in note 16c.

Restricted funds are funds that are subject to restrictions imposed by donors and are applied in accordance with these restrictions. Details of the nature and purpose of each restricted fund are set out in note 16b.

The Charity has one Endowment fund, the Cutler Trust. Income derives from the investment of the fund and is used to promote the education of persons in need under 25 years of age, whose parents are or were teachers in the London area.

xv. Support Costs

Support costs cover those funds which assist the running of the charity and mainly comprise of staff costs and overheads. These costs have been allocated between costs of raising funds and charitable expenditure.

4. Significant judgements and estimates

In preparing these financial statements, the Trustees have made the following judgements:

Legacy income is based on proof of entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.

Investment Property was previously valued at open market value at the reporting date, less an adjustment to reflect the discount that would be applied to the sale value on the basis of an incumbent tenant.

The incumbent tenant passed away so the value of the property is based on the latest market value placed on it as we aim to sell it this year.

Investments – Listed investments are valued at the quoted bid price at the reporting date.

Tangible Fixed Assets and Intangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually.

The Charity has two pension schemes: a defined contribution scheme for current employees and a closed defined benefit scheme. The latter is a multi-employer scheme and is currently in deficit. The charity is paying contributions to eliminate the deficit in accordance with the deficit reduction plan.

The assets of the defined contribution scheme are held

49 Annual Report and Accounts 2022-23

Education Support

5. Expenditure for the year to 31 March 2023

Counselling and mental health advice service
Financial support
Communications, Policy and Research
Information and on-line services
Training and organisational development
Paid for services
Cost of generating voluntary income
Total		 Grants (£)
-
375,374
-
-
-
-
-
375,374		 Direct Staff
costs (£)		 Other direct
costs (£)
823,137
-
165,120
-
-
38,236
72,556
1,099,049		 Support
Costs (£)		 Year to
March 2023
Total (£)
1,353,679
483,446
504,965
141,260
-
559,251
367,804
3,410,405
358,707 171,835
52,674 55,398
218,708 121,137
83,383 57,877
- -
313,245 207,770
183,013 112,235
1,209,730 726,252

5. Expenditure for the year to 31 March 2022

Counselling and mental health advice service
Financial support
Communications, Policy and Research
Information and on-line services
Training and organisational development
Paid for services
Cost of generating voluntary income
Total		 Grants (£)
-
307,976
-
-
-
-
-
307,976		 Direct Staff
costs (£)		 Other direct
costs (£)
948,969
-
159,579
3
43,902
35,723
116,511
1,304,687		 Support
Costs (£)		 Year to
March 2023
Total (£)
1,153,493
432,682
416,646
150,036
43,902
543,583
489,754
3,230,096
141,315 63,209
63,608 61,098
166,875 90,192
82,838 67,195
- -
303,241 204,619
235,775 137,468
993,652 623,781

Resources expended are allocated to the particular activity where the cost relates directly to that activity. The cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which is an estimate, based on staff time, of the amount attributable to each activity.

Counselling and mental health advice services represent the costs of delivering Employee Assistance Programme, Free Helpline and Occupational Health Services. In addition we also deliver a range of services incuding online peer to peer support and Telephone supervision through grants from English and Welsh governments.

Financial Support costs relate to grants awarded to help people with financial emergencies and the burden of short

term debt, to pay for essential unaffordable items and to help them stay in or get back to work. All grants are paid to individuals.

Communications and Policy represents the expenditure associated with survey, research and statistical analysis in order to bring awareness of the challenges within the education sector.

Information and on-line service costs represent the expenditure associated with commissioning social media content, marketing and events to increase awareness and promote our services.

Paid for services costs represent the costs of selling our commercial products and services.

50 Annual Report and Accounts 2022-23

Education Support

5. Expenditure for the year to 31 March 2022 (continued)

5. Expenditure for the year to 31 March 2022 (continued)
Support costs include:
Office administration costs
Building administration costs
Organisational Management
Human Resources costs
Finance Costs
Professional fees
Marketing and communications costs
IT Costs
Governance costs
Total overheads		 Support Costs
March 2023		 Support Costs
March 2022
102,721
53,103
82,673
109,143
85,977
19,974
16,209
97,078
56,903
623,781
88,997
59,804
169,437
77,688
106,020
33,340
12,524
85,710
92,732
726,252

Decrease in Office and Building administration costs is due to the savings done during the year is a result of staff vacancy for 9 months.

Increase in Organisational Management costs reflects the increase in staff costs in Senior Leadership team.

Decrease in HR costs is due to lower recruitment costs and one-off staff payments during last financial year.

Increase in Finance costs in the current year is due to maternity cover replacement during the year.

Professional Fees costs increased due to more Associate work.

Marketing and communications costs remain at the level with last year.

Decrease in IT reflects lower additional costs in hybrid/home working equipment/support in the year.

Increase in governenace costs is due to increase in staff supporting governance.

5a. Strategy Development

Strategic development costs were paid to improve our infrastructure, knowledge and our income generation with funding provided by Trustees to make

improvements to our IT infrastructure, develop our Research knowledge and review and test our donor program

The main components of strategic development are:

Strategic Project
Programme Development
Fundraising Development projects
Grant Review
Association of Colleges project
Communication		 £
97,962
36,476
28,955
4,000
5,139
375
172,907

5b. Governance Costs

Costs classified as governance relate to the general running of the charity and included operation of the Board of Trustees and addressing constitutional, audit and other statutory matters, and are made up of the following:

Financial Audit fees
Governance Travel and Subsistence
Governance Meetings
Apportionment of Staff costs
Professional and Legal Costs
Total		 March
2023 (£)		 March
2022 (£)
18,780
552
37,571
21,900
1,171
531
52,968
5,550
82,120 56,903

6. Investment Income

6. Investment Income
Year to March 2023 Year to March 2022
Income from listed investments
Bank interest receivable		 General
Funds (£)
77,560
1,020
78,580		 Restricted
Funds (£)		 March 2023
Total (£)
97,270
1,020
98,290		 General
Funds (£)
75,366
37
75,403		 Restricted
Funds (£)		 March 2022
Total (£)
93,402
37
19,710 18,036
- -
19,710 18,036 93,439

51 Annual Report and Accounts 2022-23

Education Support

7. Net outgoing resources for the year are stated after charging

7. Net outgoing resources for the year are stated afer charging
Year to March 2023 (£) Year to March 2022 (£)
Depreciation 16,498 14,635
Auditor’s remuneration:
Audit fees (excluding VAT) 20,660 18,780
Additional work in relation to the new ISA 240 and 315 1,240

8. Employee information

8. Employee information
Employee Costs
Wages and salaries
Social security costs
Pension costs
Redundancy payments within year		 Year to March 2023 (£) Year to March 2022 (£)
1,150,892
121,344
117,665
12,000
1,354,508
148,380
125,854
-
1,628,742 1,401,901
The average number of employees during the period was:
Fundraising
Paid for Services
Financial Support
Information and on-line services
Counselling and Mental Health services
Communications, Policy and Research
Administration
Total		 Year to March 2023 (£) Year to March 2022 (£)
4
4
1
1
6
7
8
4
5
2
1
6
6
7
31 31
Key management personnel aggregate pay (including NI and pension) Year to March 2023 (£) Year to March 2022 (£)
361,335
396,008
During the year key management personnel comprised of:
cCEOcDirector of Finance and OperationscDirector of Communications and Public AfairscDirector of Programmes
Employee information
The number of employees earning in excess of £60,000
per annum (including taxable benefits) was: Year to March 2023 (£) Year to March 2022 (£)
over £100,000 1 -
£90,001 to £100,000 - -
£80,000 to £90,000 1 3
£70,000 to £80,000 - -
£60,000 to £70,000 2 1
9. Trustees
Year to March 2023 (£) Year to March 2022 (£)
Trustees provide their services without remuneration
Total expenses reimbursed to the trustees (including amounts paid on behalf of trustees)
for travel, accommodation and subsistence 2,028 -
Number of trustees claiming expenses during the year 4 -

52 Annual Report and Accounts 2022-23

Education Support

10. Tangible (TFA) and intangible fixed assets (IFA)

Group & Charity
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Accumulated depreciation
At 1 April 2022
Charge for the year
Disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 TFA TFA
Furniture,
equipment,
fixtures &
fittings (£)
204,303
-
-
204,303
196,698
2,868
-
199,566
4,737
7,605		 TFA IFA
Software
(£)
65,236
-
Leasehold
property
including
refurbishment (£)		 Total
(£)
1,314,276 1,518,579
- -
- -
1,314,276 1,518,579 65,236
65,236
-
191,685 388,383
13,630 16,498
- -
205,315 404,881 65,236
1,108,961 1,113,698 -
1,122,591 1,130,196 -

11. Fixed asset investments

11. Fixed asset investments
Summary
Listed investments (a)
Unlisted investment (b)
Investment Property (c)		 March 23
Group (£)		 March 23
Charity (£)
3,162,423
102
599,000
3,761,525		 March 22
Group (£)		 March 22
Charity (£)
3,318,653
102
520,000
3,162,423 3,318,653
- -
599,000 520,000
3,761,423 3,838,653 3,838,755

(a) Listed Investments Group & Charity

Unrestricted Unrestricted Total Total
At 1 April 2022
Additions
Disposals
Realised gain/(loss)
Unrealised gain/(loss)
Cash held by broker
At 31 March 2023
Historical cost		 Fixed
Interest (£)
754,395
350,337
(133,897)
-
(159,721)
811,114
811,114		 Equities
(£)
779,165
22,948
(122,340)
(10,265)
30,610
700,118
700,118		 Overseas
Equities (£)		 Alternative
Investments (£)
554,154
31,129
-
-
(65,181)
520,102
520,102		 Year to March
2023 (£)		 Year to March
2022 (£)
3,022,888
503,063
(685,264)
(142,351)
372,552
939,628 3,027,342
250,557 654,971
(247,073) (503,310)
- (10,265)
(26,682) (220,974)
916,430 2,947,764 3,070,888
291,311
214,659
916,430 3,162,423 3,318,653
2,789,135 2,627,209

53 Annual Report and Accounts 2022-23

Education Support

11. Fixed asset investments (continued)

Unrestricted fund investments consist of a portfolio of listed investments managed on the Charity's behalf by professional fund managers.

The following investments make up more than 5% of the total investment portfolio:

United Kingdom (Government of) 4.25% Gilt Snr Bds
JPMorgan American Investment Trust ord GBP0.05		 % of total
(%)
5.65
5.16		 Market
Value (£)
176,505
163,300

(b) Unlisted investments
100% interest in TBF Holdings Limited (i)
Incorporated in the United Kingdom,
Company Number 4328710
100% interest in TBF Trading (No. 2) Limited (ii)
Incorporated in the United Kingdom,
Company Number 4162015		 Group at
31 March
2023 (£)		 Charity at
31 March
2023 (£)
£
100
2
102		 Group at
31 March
2022 (£)		 Charity at
31 March
2022 (£)
£
100
2
£ £
- -
- -
- - 102

(i) Education Support Partnership owns the entire share capital of TBF Holdings Limited, a company limited by shares and incorporated in England and Wales. TBF Holdings Limited was dormant during the year and the previous period.

(ii) Education Support Partnership owns the entire share capital of TBF Trading (No. 2) Limited, a company limited by shares and incorporated in England and Wales. The company was dormant during the year and the previous period.

(c) Investment Property
Market value at 1st April 2022
Unrealised gain on valuation
Market value at 31st March 2023		 at 31 March
2023 (£)		 at 31 March
2022 (£)
520,000
-
520,000
79,000
599,000 520,000

At the end of 22/23 FY, the investment property was listed on the market for sale. The gain on the valuation reflects the most up to date market value of the property.

54 Annual Report and Accounts 2022-23

Education Support

12. Debtors

Trade debtors
Prepayments and accrued income
Legacy debtor
Other debtors
Welfare loans		 March 23
Group (£)		 March 23
Charity (£)
128,291
225,481
12,672
34,703
31,231
432,378		 March 22
Group (£)		 March 22
Charity (£)
137,262
375,053
3,072
42,959
30,331
128,291 137,262
225,481 375,053
12,672 3,072
34,705 42,961
31,231 30,331
432,380 588,679 588,677

Legacy debtor relates to legacy income which was notified and Education Support was entitled to before 31 March 2023 and had been accrued as required by FRS 102.

13. Creditors: amounts falling due within one year

Amount due to subsidiary undertakings
Trade creditors
Taxation and social security costs
Pensions including pension fund deficit contribution plan
Accruals and deferred income including holiday pay
Other creditors		 March 23
Group (£)		 March 23
Charity (£)
100
176,699
47,436
42,021
543,956
6,305
816,517		 March 22
Group (£)		 March 22
Charity (£)
100
116,808
53,733
47,965
636,815
12,909
- -
176,699 116,808
47,436 53,733
42,021 47,965
543,956 636,815
6,305 12,909
816,417 868,230 868,330

13a. Deferred Income

Deferred Income b/f
Released in year
Deferred to next year
Deferred income c/f		 March 23 (£) March 22 (£)
490,310 477,768
5,783,307 6,034,155
(5,848,659) (6,021,613)
424,958 490,310

Deferred income relates to paid for services that are expected to be delivered over several months. Employee Assistance Programmes are delivered over 12 month period from the start of the contract. Headspace/ Yourspace and training and development service deferrals based on the duration of the individual contracts.

14. Pension Provision

14. Pension Provision
Pensions including pension fund deficit contribution plan March 23
Group (£)		 March 23
Charity (£)
4,228
4,228		 March 22
Group (£)		 March 22
Charity (£)
47,847
4,228 47,847
4,228 47,847 47,847

55 Annual Report and Accounts 2022-23

Education Support

15. Pension Scheme

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly)

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2019 to 30 September 2025:

£11,243,000 per annum

(payable monthly and increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

Present values of provision

Present values of provision
Present value of provision 31 March 2023 (£) 31 March 2022 (£)
73,333		 31 March 2021 (£)
265,003
46,751
Reconciliation of opening and closing provisions
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period		 Period Ending
31 March 2023 (£)		 Period Ending
31 March 2022 (£)
265,003
1,528
(67,061)
(1,686)
(124,451)
73,333
1,384
(26,717)
(1,249)
-
46,751 73,333

Income and Expenditure Impact

Interest expense
Remeasurements – impact of any change in assumptions
Remeasurements – amendments to the contribution schedule
Contributions paid in respect of future service*
Costs recognised in income and expenditure account		 Period Ending
31 March 2023 (£)		 Period Ending
31 March 2022 (£)
1,528
(1,686)
(124,451)
*
1,384
(1,249)
-
*
* *

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.

56 Annual Report and Accounts 2022-23

Education Support

Assumptions

Assumptions
31 March 2023 31 March 2022 31 March 2021
% per annum % per annum % per annum
Rate of discount 5.25 2.35 0.66

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:

Deficit contributions schedule

Year ending 31 March 2023 31 March 2022 31 March 2021
% per annum % per annum % per annum
Year 1 26,717 26,717 67,061
Year 2 22,264 26,717 69,073
Year 3 - 22,264 71,145
Year 4 - - 61,066
Year 5 - - -
Year 6 - - -
Year 7 - - -
Year 8 - - -
Year 9 - - -
Year 10 - - -

The company must recognise a liability measured as the present value of the contributions payable that arise from the deficit recovery agreement and the resulting expense in the income and expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it arises.

It is these contributions that have been used to derive the company’s balance sheet liability.

Statement of Changes in Reserves

16a. Endowment Fund

Cutler Trust Balance as at
31 March 2022
(£)		 Income
(£)
1,366		 Expenditure
(£)		 Gains/ (Losses)
on Investments
(£)
(3,093)		 Transfers
(£)		 Balance as at
31 March 2023
(£)
60,504
63,597 (1,366)

The Cutler Trust is a permanent endowment to promote the education of persons in need under 25 years of age, whose parents are or were teachers in the London area.

57 Annual Report and Accounts 2022-23

Education Support

16b. Restricted funds for the year to 31 March 2023

DFE programme
Welsh Government
programme
National Association of
Special Schools
Cutler Trust
TeachWell grant
G Hollows
Kent NAHT
Scottish Teachers &
Lecturers
NUT Development Workers
Fund
Widows Fund
Alan Naylor legacy
CSiS Grant
Teacher Support Network
Funds
Recourse Funds		 Balance as at 31
March 2022 (£)		 Income (£)
230,550
309,381
29,851
60
352
140
119
-
167
142
194
-
-
17,170
588,126		 Expenditure (£) Gains/(Losses) on
Investments (£)
(226,742)
-
(308,560)
-
(29,851)
-
-
(79)
-
(702)
-
(245)
-
(237)
-
-
-
(332)
-
(283)
-
(386)
-
-
-
-
(277,024)
(39,285)
(842,177)
(41,549)		 Transfers (£) Balance as at 31
March 2023 (£)
3,808
94,590
-
3,963
14,975
5,984
5,063
-
7,118
6,046
8,245
4
-
448,192
- (226,742) -
93,769 (308,560) -
- (29,851) -
2,616 - 1,366
15,325 - -
6,089 - -
5,181 - -
- - -
7,283 - -
6,187 - -
8,437 - -
4 - -
- - -
747,331 (277,024) -
892,222 (842,177) 1,366 597,988

Restricted funds for the year to 31 March 2022

DFE programme
Welsh Government
programme
Cutler Trust
TeachWell grant
G Hollows
Kent NAHT
Scottish Teachers &
Lecturers
NUT Development Workers
Fund
Widows Fund
Alan Naylor legacy
CSiS Grant
Teacher Support Network
Funds
Recourse Funds		 Balance as at 31
March 2021 (£)		 Income (£)
235,539
349,219
32
283
113
96
-
135
114
156
-
-
15,914
601,601		 Expenditure (£) Gains/(Losses) on
Investments (£)
(233,223)
-
(255,450)
-
(300)
79
-
699
-
244
-
236
-
-
-
331
-
281
-
385
-
-
-
-
(114,831)
39,133
(603,804)
41,388		 Transfers (£) Balance as at 31
March 2022 (£)
-
93,769
2,616
15,325
6,089
5,181
-
7,283
6,187
8,437
4
-
747,331
- (233,223) (2,316)
- (255,450) -
1,612 (300) 1,193
14,343 - -
5,732 - -
4,849 - -
- - -
6,817 - -
5,792 - -
7,896 - -
4 - -
- - -
807,115 (114,831) -
854,160 (603,804) (1,123) 892,222

58 Annual Report and Accounts 2022-23

Education Support

16b. Restricted funds (continued)

16c. Unrestricted funds

16c. Unrestricted funds
Unrestricted Funds:
Comprise of:
Designated Fund
Fixed Asset
Development Fund
Grant Reserve
Infrastructure Reserve
Free Reserves		 Balance at 31
March 2022 (£)		 Transfers (£)
-
243,844
(117,000)
85,000
(211,844)
-		 Net movement
in funds excl
transfers (£)		 Balance
at 31 March
2023 (£)
4,454,742
1,113,696
225,000
233,000
85,000
2,798,046
4,454,742
4,879,391
1,130,194
154,062
350,000
-
3,245,135		 (424,649)
(16,498)
(172,906)
(235,245)
4,879,391 (424,649)

59 Annual Report and Accounts 2022-23

Education Support

17. Analysis of Group and Charity net assets between funds

2023
Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Net assets at 31 March 2023		 General fund
(£)		 Endowment fund
(£)
-
60,504
-
-
-
60,504		 Restricted funds
(£)
-
597,988
-
-
-
597,988		 Designated funds
(£)		 Total funds
(£)
1,113,696
3,761,423
1,058,760
(816,417)
(4,228)
- 1,113,696
3,102,931 -
600,760 458,000
(816,417) -
(4,228) -
2,883,046 1,571,696 5,113,234
2022
Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Net assets at 31 March 2022		 General fund
(£)		 Endowment fund
(£)
-
63,597
-
-
-
63,597		 Restricted funds
(£)
-
892,222
-
-
-
892,222		 Designated funds
(£)		 Total funds
(£)
1,130,194
3,838,743
1,782,972
(868,852)
(47,847)
- 1,130,194
2,882,924 -
1,278,910 366,185
(868,852) -
(47,847) -
3,245,135 1,634,256 5,835,210

Analysis of Charity net assets between funds

2023
Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Net assets at 31 March 2023		 General fund
(£)		 Endowment fund
(£)
-
60,504
-
-
-
60,504		 Restricted funds
(£)
-
597,988
-
-
-
597,988		 Designated funds
(£)		 Total funds
(£)
1,113,696
3,761,525
1,058,758
(816,517)
(4,228)
- 1,113,696
3,103,033 -
600,758 458,000
(816,517) -
(4,228) -
2,883,046 1,571,696 5,113,234
2022
Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
Net assets at 31 March 2022		 General fund
(£)		 Endowment fund
(£)
-
63,597
-
-
-
63,597		 Restricted funds
(£)
-
892,222
-
-
-
892,222		 Designated funds
(£)		 Total funds
(£)
1,130,194
3,838,845
1,782,970
(868,952)
(47,847)
- 1,130,194
2,883,026 -
1,278,908 366,185
(868,952) -
(47,847) -
3,245,135 1,634,256 5,835,210

60 Annual Report and Accounts 2022-23

Education Support

18. Operating lease commitments

At 31 March 2023 the group had total future minimum lease commitments under non-cancellable operating leases as follows:

At 31 March 2023 the group had total future minimum lease
commitments under non-cancellable operating leases as follows:
Plant and Machinery March 23 (£) March 22(£)
Maturing within one year (equipment) 5,200 11,657
Maturing between one and five years (equipment) 20,800 971

19. Related party transactions

There were no identified related party transactions in 2022/23 (2021/22: none)

The total donations received from trustees in 2022/23 amounted to £720 (£160 received from trustees in prior year)

20. Financial Instruments

20. Financial Instruments
March 23 (£) March 22 (£)
Financial asset measured at fair value 520,000 520,000
Financial assets measured at amortised cost 386,742 557,682
Financial liabilities measured at amortised cost 768,981 814,497

61 Annual Report and Accounts 2022-23

Education Support

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