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2021-03-31-accounts

Registered number: 08945454 (England and Wales) Charity number: 1165709

BIRMINGHAM EDUCATION PARTNERSHIP LIMITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP LIMITED

CONTENTS

Page
Reference and administrative details 1
Trustees' report 2 - 10
Independent auditor’s report 11 – 13
Statement of financial activities 14
Balance sheet 15 – 16
Statement of cash flows 17
Notes to the financial statements 18 - 37

BIRMINGHAM EDUCATION PARTNERSHIP

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Mr Timothy Boyes

Baroness Estelle Morris

Mrs Patricia Smart

Mr Andrew Hodge

Mr Nick Scully (Resigned 20 September 2021)

Ms Deborah James (Resigned 22 February 2021)

Mr James Howse

Mr Heath Monk (Resigned 31 August 2020)

Ms Jo Jones

Mr Mark Gregory (Appointed 2 November 2020)

Ms Vanessa Hanson (Appointed 26 January 2021)

Company registered number

08945454

Charity registered number

1165709

Registered Office

1 St Saviour’s Road, Birmingham, B8 1HN

Chief Executive Officer

Mr Timothy Boyes

Independent Auditor

MHA MacIntyre Hudson Chartered Accountants Statutory Auditor Rutland House 148 Edmund Street Birmingham B3 2FD

Page 1

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

The Trustees present their Annual Report together with the audited financial statements of the Charity for the year 1 April 2020 to 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Since the charity qualifies as a small company under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES

PURPOSE AND AIMS

Birmingham Education Partnership Ltd (BEP) is a company limited by guarantee and registered with the Charity

Commission.

The charity’s purposes as set out in the company’s Articles of Association are to:

In particular but not exclusively by:

Our priorities in achieving our aims are to:

Ensuring our work delivers our aims

We review our aims, objectives, and activities regularly.

This report looks at the activities and outcomes of the past 12 months and how this has impacted the children and young people involved.

The start of this financial year coincided almost exactly with the COVID 19 lockdown in March 2020. Due to a well-timed change to Microsoft Teams and cloud-based accounting in the previous financial year, BEP was able to move seamlessly to home working and online delivery of training and school support.

BEP is agile and responsive and has a unique knowledge of Birmingham’s schools. We have been able to adapt our work, with agreement from funders where necessary, to the needs of the schools, and to win COVID related funding to develop new projects.

Page 2

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

Birmingham

A key contract, Birmingham City Council’s (BCC) School Improvement Contract, was extended by 12 months to 31 August 2021. During this time BCC issued an open market tender. In response to the service specification included, BEP developed a bid based on a new operating model. BCC determined that BEP had submitted the most appropriate tender and we are delighted to say we have been awarded the contract from 1 September 2021.

BEP delivers its objectives via four strands:

Each strand has faced challenges in delivering services, but we are proud of the way we have adapted to support schools during the pandemic and will use the lessons learned to develop.

Our aims for this year and how we met them

WE AIMED TO …. WHAT ACTUALLY HAPPENED …
Tender for the contract for school improvement services for
Birmingham City Council (BCC) from spring 2021 using the
knowledge gained as their provider for the past five years
about both the challenges faced by the city and effective
vehicles for improvement.		 BEP won the seven-year BCC contract as from 1st
September 2021.
Provide school improvement support to schools, targeted at
those most in need and designed to address shared priorities.		 All Priority Schools were allocated a Priority Partner to
provide individual support.
Shared practice & resources, especially around remote
& blended learning, via the BEP website.
Continued our work focusing on reading and the
development of a city-wide literacy strategy for the
future.
Support school leaders and work with them to codesign and
deliver support services building on our work this year around
quality of curriculum, subject development, and the teaching
of reading.		 Established a mentoring programme for new Head
Teachers.
Where possible, previously planned work was provided
virtually including our Curriculum Development
programme of Subject Development days & Network
Meetings for primary & secondary schools in
conjunction with National Subject Associations.
874 primary and secondary colleagues attended.
Continue to work with BCC to support city-wide partnership
work to improve the SEND offer and reduce exclusions building
on our experience from the Kings Norton Inclusion project.		 Helped launch BCC’s Developing Local Provision (DLP),
especially at the secondary phase, to extend the
success of the Kings Norton project across Birmingham,
which reduced the level of exclusions in mainstream
schools using a model of collaboration.

Page 3

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

Help facilitate school engagement and the commissioning of
support services.		 Focus on engagement with all schools via blogs, emails,
phone calls & newsletters to ensure Head Teachers felt
connected, supported & encouraged during the COVID
19 lockdown.
Evaluate the workstreams created in the Wider Learning and
Inclusion areas developed as a part of the five-term plan and
continue with projects providing the best return to schools.		 Commonwealth Connections project with the REP and
Youth Sports Trust, funded by the British Council, to be
delivered in 2022.
Peer Tutoring projects run in Birmingham and
Pembrokeshire.
Response to digital poverty need highlighted during
pandemic lockdown led to the Digital Education
Partnership (DEP) providing 970 recycled computers &
382 connectivity bundles across 50 schools.
Expand the work and size of the careers programme including
a hub for SEND children, extending the offer of support to
colleges and new secondary schools.		 Increased number of schools from 80 to 100 including
36 SEND.
Employed additional staff.
Ran a virtual careers fair jointly with Solihull.
Expanded work with local employers to provide
volunteer support to schools.
Enabled both encounters with work and work
experience for young people including virtual work
experience during school closures.
Continue and expand the emotional wellbeing work in schools
via NewStart and the Trailblazer projects supported by mental
health training and development for school staff, and in the
South Asian Community via funding from the National Lottery.		 NewStart adapted to the pandemic by responding to
need; providing weekly themed information for parents
& teachers & 61 NHS funded Mental Health Shorts
virtual training courses, attended by 1600 delegates,
both from Birmingham and nationally.
The pandemic highlighted the level of digital poverty in
the South Asian Community, so delivery in lockdown
was delayed. The workstreams have been revised to
increase family support as well as working with schools
& community groups.
National Lottery COVID 19 funding won, which
supported the South Asian community in the B8
postcode with Digital Literacy of women, transition of
SEND children starting school, to support DEP and to
deliver suicide first aid training (SFA) to 200, including
training two SFA tutors.
Offer training and support to improve the school arts
curriculum and in the short term deliver teacher networks. BEP
will continue to work with others to explore the potential for
the creation of the “Birmingham Arts School” that will bring
together a partnership of arts organisations to provide school
engagement and support.		 Supported Communities of Practice & provision of CPD
to school arts leads
Undertook reviews of school curriculum and teaching
practice
Development of the Arts, with the successful bid for
funding of the Birmingham Arts School from Esmèe
Fairbairn & Arts Connect

BEP has complied with the Fundraising Regulator’s voluntary regulation scheme. During the year we worked closely with a third party whose role was to apply for grants. The applications were overseen by the organisation.

Neither the charity nor any person acting on behalf of the charity was subject to an undertaking to be bound by any voluntary scheme for regulating fundraising, or any voluntary standard of fundraising in respect of activities on behalf of the charity.

Page 4

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

PUBLIC BENEFIT

The trustees have had regard to the Charity Commission’s guidance on public benefit in exercising their powers and duties.

The majority of BEP’s support to schools is provided free or at a subsidised rate for the public benefit. This includes provision of consultants and training through all our strands of work.

MEMBERSHIP

BEP is a membership organisation. All Birmingham schools are automatically members, with an enhanced package available to purchase. In the academic year 20/21 – 218 (49 %) schools have purchased Enhanced membership

LEARNING TO SHAPE BIRMINGHAM CONFERENCE

A highlight of BEP’s year, this was delivered virtually and focussed on schools’ issues highlighted during the COVID 19 pandemic.

142 schools registered for the live conference as well as there being 1600 views of the recorded sessions on YouTube.

All our offerings were made in the knowledge that many schools were struggling to do more than keep up with the daily demands of pandemic-led changes.

FINANCIAL REVIEW

BEP is funded via a mixture of contracts, grants, membership subscriptions, traded activity, and donations.

The largest single source of income is via a contract with BCC for the provision of School Improvement Services. BEP has been awarded a new seven-year contract starting on 1 September 2021.

Grant income is secured from a variety of public and other bodies. These vary in both value and length of engagement. The most substantial grants are received from:

Smaller amounts of income are achieved through membership subscription, the delivery of traded services and donations.

Page 5

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

INVESTMENT POLICY

BEP tries to adopt an ethical investment policy to ensure that its investments do not conflict with its aims.

RESERVES POLICY

It is the practice of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Unrestricted expenditure for the financial year totalled £1,609,235 (2020: £2,184,399)

Unrestricted reserves at the end of the financial year stood at £1,377,877 (2020: £1,643,805) the equivalent of 10 months of expenditure, or 9 when funds earmarked for specific projects are considered; a similar level to 2020 (9 months).

The level of reserves held at year end is slightly higher than that designated by the reserves policy but a prudent policy whilst waiting for the outcome of the BCC School Improvement contract. A deficit budget was again set for the year to 31 March 2022 which will be reviewed in the light of the contract outcome.

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

FUTURE PLANS

BEP remains committed to the idea that school improvement is best delivered through collaboration to identify shared challenges and needs, and that provision should be based on elements of school to school support. Consequently, BEP will seek to engage with all Birmingham schools, continue to play a role in the identification and expression of shared needs and concerns, and facilitate inter school support.

During the year ahead our aims include:

Page 6

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

BEP will continue to seek funding from grant funders and local business that can be used to deliver support to schools that addresses identified need and which will provide some core funding to maintain the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is a company limited by guarantee, having no share capital.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Timothy Boyes

Baroness Estelle Morris

Ms Patricia Smart

Mr Andrew Hodge

Mr Nick Scully (Resigned 20 September 2021)

Ms Debbie James (Resigned 22 February 2021)

Mr James Howse

Mr Heath Monk (Resigned 31 August 2020)

Ms Jo Jones

Mr Mark Gregory (Appointed 2 November 2020)

Ms Vanessa Hanson (Appointed 26 January 2021)

The Board is advised by Mr Steve Munby and Professor David Wood.

The Articles of Association provide that the participating schools (being Academies, free schools or maintained schools in the City of Birmingham and paying a subscription to BEP) have the right to appoint two directors - one representing primary schools and one representing secondary schools. Company members can appoint up to four directors and the System and Leadership Innovation Committee (SLIC) can appoint up to two directors.

Page 7

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

RECRUITMENT AND APPOINTMENT OF BOARD OF TRUSTEES

A nominations committee receives relevant information regarding the qualifications and experience of prospective Trustees, interviews candidates and makes recommendations for appointment to the Board. The Board determines appointments dependent on the qualifications and experience of prospective Trustees, the recommendations of the nominations committee, and consideration of the skills and experience represented at the Board by existing Trustees.

TRUSTEE INDUCTION AND TRAINING

Trustees receive an induction to the organisation and their role, including the Charity Commission document “The Essential Trustee”. No formal training took place during the financial year, but safeguarding training is planned and a review of other needs will take place.

TRUSTEE MEETINGS

The Trustees meet at least six times a year at which they consider the delivery of school improvement services, strategic activities undertaken to further the objectives of the charity, finances, risks, and all matter relating to the efficient management of the charity.

Sub Committees of the Board of Trustees

The Chair of the Board meets regularly with the Chief Executive and periodically with other staff, whilst other Trustees have regular engagement with both members of the charity, and those in receipt of services from it. These activities ensure that Trustees have a good working knowledge of the activities completed by the charity.

Page 8

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

SLIC (SYSTEM LEADERSHIP & INNOVATION COMMITTEE)

The Board is supported in evaluating its effectiveness and its planning of strategic and operational priorities by the SLIC which consists of 25 Headteachers from all areas of the city, across phases, selective, special, and mainstream. Two members of the Board are drawn from SLIC.

The day-to-day activities of the charity are carried out by a small team based at its office, with strategic and operational leadership provided to that team by a Chief Executive. The work of the staff team is supplemented by capacity and expertise provided by associates who are expert in the field of school improvement. During the COVID 19 lockdown, all office staff have been based at home with only essential, COVID safe, visits to the office. Now lockdown has been lifted, and following an office move, a gradual return to more face-to-face working has started. A review of working practices is ongoing.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed and are satisfied systems are in place to mitigate exposure to those risks.

In the aftermath of the COVID 19 pandemic an additional risk has been identified relating to challenges of responding to schools as, hopefully, they return to a steadier state. Continued engagement with schools and work with consortia will monitor the changing need. The operating model will be reviewed as necessary, and reserves will be used, or additional funding will be sought to meet these needs where appropriate.

AUDITORS

In accordance with the company's articles, a resolution proposing that MHA MacIntyre Hudson be re-appointed as auditor of the company will be put at a General Meeting.

Page 9

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

TRUSTEES’ RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of Birmingham Education Partnership Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company 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 of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these 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 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.

DISCLOSURE OF INFORMATION TO AUDITOR

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

This report was approved by the Trustees, signed on their behalf by:

……………………………………………………………………………………………..

Mr Timothy Boyes Trustee

Date ……10.11.21………

Page 10

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRMINGHAM EDUCATION PARTNERSHIP LIMITED

Opinion

We have audited the financial statements of Birmingham Education Partnership Limited (the ‘charitable company’) for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis of 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 charitable 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 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 of 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 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 Trustees’ annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained in the Trustees’ 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 11

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

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

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 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 intent to liquidate the 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 section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to

Page 12

INDEPENDENT AUDITOR'S REPORT

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

USE OF OUR REPORT

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members those matters 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 anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

MHA MacIntyre Hudson (Statutory Auditor)

Birmingham, United Kingdom

Date: 13 November 2021

MHA Macintyre Hudson is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Page 13

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total Expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
14
Net movement in funds
14
Total funds carried forward		 Unrestricted
Funds
2021
£
-
1,360,026
-
1,061
1,361,087
1,609,235
1,609,235
(248,148)
(17,780)
(265,928)
1,643,805
(265,928)
1,377,877		 Restricted
Funds
2021
£
2,500
1,050,732
-
0
1,053,232
631,579
631,579
421,653
17,780
439,433
313,262
439,433
752,695		 TOTAL
Funds
2021
£
2,500
2,410,758
-
1,061
2,414,319
2,240,814
2,240,814
173,505
-
173,505
1,957,067
173,505
2,130,572		 TOTAL
Funds
2020
£
2,200
2,467,071
-
10,244
2,479,515
2,548,977
2,548,977
(69,462)
-
(69,462)
2,026,529
(69,462)
1,957,067

The notes on pages 18 to 37 form part of these financial statements.

Page 14

BALANCE SHEET

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

AS AT 31 MARCH 2021

Registered number 08945454

Fixed assets
Note
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
17
Creditors: amounts falling due within one year
13
Net current assets
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 2021
£
14,077
14,077
341,060
2,188,775
2,529,835
(413,340)
2,116,495
2,130,572
752,695
1,377,877
2,130,572		 2020
£
18,187
18,187
508,485
1,889,206
2,397,691
(458,811)
1,938,880
1,957,067
313,262
1,643,805
1,957,067

Page 15

BALANCE SHEET

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

AS AT 31 MARCH 2021

Registered number 08945454

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Mr Timothy Boyes

Trustee

Date: 10.11.21

The notes on pages 18 to 37 form part of these financial statements.

Page 16

STATEMENT OF CASH FLOWS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
Net cash provided by (used in) operating activities
Cash flows from investing activities
Interest received
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
299,992
1,061
(1,484)
(422)
-
299,569
1,889,206
2,188,775		 2020
£
(219,104)
10,244
(11)
10,233
-
(208,871)
2,098,077
1,889,206

The notes on pages 18 to 37 form part of these financial statements

Page 17

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Birmingham Education Partnership Limited is a private company, limited by guarantee, incorporated in England and Wales, and is also registered as a charity in England and Wales. The registered office and principal place of business is Adderley Nursery School, 1 St. Saviours Road, Birmingham B8 1HN.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Birmingham Education Partnership Limited meets the definition of a public benefit entity under FRS.

  1. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

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

2.2 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2.3 Going concern

The Trustees assess whether the use of going concern is appropriate, i.e., whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity’s ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

This consideration has taken into account the expected impact of Covid-19 on the charity, as far as it can be determined, and the Trustees remain satisfied that the going concern principle remains appropriate.

2.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Trading income from sponsorships is measured at fair value of the consideration received or receivable in the period to which the sponsorship relates.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 18

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting Policies (Continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following bases:

Fixtures and fittings - 15% reducing balance/33.33% straight line. Computer equipment - 33.33% straight line.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 19

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting Policies (Continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. W here the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

2.13 Pensions

The Charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the Charity to the fund in respect of the year

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 20

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting Policies (Continued)

2.15 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.16 Retirement benefits

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

2.17 Critical accounting estimates and areas of judgement

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical areas of judgement:

Income recognition

Income is recognised when the charity becomes entitled to the income, when receipt is probable, and when the amount of income can be measured reliably. Where income from grants or other sources span more than one year, determining the amount of income that should be recognised, accrued, or deferred can require the Trustees to make judgements or assumptions.

Allocation of support costs

Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources, which is in part reliant upon judgements and assumptions made by the Trustees.

Page 21

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

3. Income from donations and legacies Restricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Donations 2,500 2,500 2,200

In 2020, donations of £2,200 was included within restricted funds.

Page 22

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

4. Income from charitable activities

Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Total 2021
Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Total 2020		 Unrestricted
funds
2021
£
39,220
963,356
237,243
120,207
1,360,026
Unrestricted
funds
2020
£
24,725
1,137,521
612,457
143,430
1,918,133		 Restricted
funds
2021
£
715,538
18,250
316,944
-
1,050,732		 Total funds
2021
£
754,758
981,606
554,187
120,207
2,410,758
Restricted
funds
2020
£
243,341
-
305,597
-
548,938		 Total funds
2020
£
268,066
1,137,521
918,054
143,430
2,467,071

Included in the above are the following government grants received:

Birmingham City Council under a service level agreement 2021: £1,080,000 (2020: £1,426,674).

Page 23

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

4. Income from charitable activities (continued)

Included within restricted income are grants received from

2021 2020
£ £
Birmingham City Council 54,310 39,200
The Careers and Enterprise Company 303,076 166,302
The Greater Birmingham and Solihull Local Enterprise Partnership 43,750 63,040
The National Lottery Community Fund 171,509 187,349
Arts Connect 10,819 14,000
NHS 120,355 118,248
The British Council 250,000 -

The Charity has complied with the conditions attached to each government grant sufficiently as to be able to recognise each grant within income in the financial period to which the grant relates.

5. Net income/(expenditure)

This is stated after charging:

2021 2020
£ £
Depreciation of tangible fixed assets 5,594 10,581
Operating lease rentals 32,821 31,820

Auditors' remuneration

The Auditor's remuneration comprises audit fees of £8,500 (2020: £6,475) and fees for other non-audit services of £419 (2020: £5,547).

6. Investment income

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Interest receivable 1,061 1,061 10,244

In 2020, interest receivable of £10,244 was included within unrestricted funds.

Page 24

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

7. Analysis of expenditure on charitable activities

Summary by fund type
Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Wider Learning
Performance and Standards
Inclusion
Business Support & Development		 Unrestricted
funds
2021
£
143,508
642,313
284,159
539,255
1,609,235
Unrestricted
funds
2020
£
191,616
1,073,011
315,018
604,754
2,184,399		 Restricted
funds
2021
£
337,236
18,250
276,093
-
631,579
Restricted
funds
2020
£
204,346
-
160,232
-
364,578		 Total
funds
2021
£
480,744
660,563
560,252
539,255
2,240,814
Total
funds
2020
£
395,962
1,073,011
475,250
604,754
2,548,977

Page 25

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities

Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Wider Learning
Performance and Standards
Inclusion
Business Support & Development		 Activities
undertaken
directly
2021
£
474,126
660,203
559,609
394,199
2,088,137
Activities
undertaken
directly
2020
£
389,297
1,068,568
468,865
417,240
2,343,970		 Support
costs
2021
£
6,619
360
642
145,056
152,677
Support
costs
2020
£
6,665
4,443
6,385
187,514
205,007		 Total
funds
2021
£
480,745
660,563
560,251
539,255
2,240,814
Total
funds
2020
£
395,962
1,073,011
475,250
604,754
2,548,977

Page 26

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

8. Analysis of expenditure by activities (cont’d)

Analysis of direct costs

Staff costs
Consultancy costs
Computer supplies
Event Costs		 Wider
Learning
2021
£
347,933
77,167
30,257
18,769
474,126		 Performance
and
Standards
2021
£
366,478
267,090
-
26,635
660,203		 Inclusion
2021
£
279,272
257,606
4,380
18,351
559,609		 Business
Support &
Development
2021
£
280,514
107,029
176
6,480
394,199		 Total
funds
2021
£
1,274,197
708,892
34,813
70,235
2,088,137
Staff costs
Consultancy costs
Event Costs		 Wider
Learning
2020
£
278,703
91,875
18,719
389,297		 Performance
and
Standards
2020
£
426,986
550,828
90,754
1,068,568		 Inclusion
2020
£
253,739
195,979
19,147
468,865		 Business
Support &
Development
2020
£
230,849
116,459
69,932
417,240		 Total
funds
2020
£
1,190,277
955,141
198,552
2,343,970

Page 27

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Staffing and services
Rent, rates, and repairs
Printing and postage
Telephone and fax
Computer expenses
Sundry expenses
Professional fees
Travelling expenses
Marketing
Governance costs		 Wider
Learning
2021
£
-
18
97
715
195
-
4,783
144
667
-
-
6,619		 Performance
And
Standards
2021
£
-
-
-
76
-
-
45
-
238
-
-
360		 Inclusion
Business
Support &
Development
2021
£
2021
£
-
5,593
493
8,451
-
27,409
(5)
4,382
-
7,183
-
34,892
155
35,586
-
198
-
546
-
2,020
-
18,795
642
145,055		 Total
funds
2021
£
5,593
8,962
27,506
5,168
7,378
34,892
40,570
342
1,451
2,020
18,795
152,677

Page 28

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Depreciation
Staffing and services
Rent, rates and repairs
Printing and postage
Telephone and fax
Computer expenses
Sundry expenses
Professional fees
Travelling expenses
Marketing
Governance costs		 Wider
Learning
2020
£
-
86
-
300
-
891
2,266
600
1,922
600
-
6,665		 Performance
and
Standards
2020
£
-
694
-
636
-
-
381
-
1,205
1,527
-
4,443		 Inclusion
2020
£
-
827
-
1,300
-
2,450
995
-
813
-
-
6,385		 Business
Support &
Development
2020
£
10,576
11,222
34,758
20,049
7,303
31,910
46,187
11,910
4,762
2,562
6,275
187,514		 Total
funds
2020
£
10,576
12,829
34,758
22,285
7,303
35,251
49,829
12,510
8,702
4,689
6,275
205,007

Page 29

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

9. Staff costs

Wages and salaries
Social security costs
Other pension costs		 2021
£
1,020,005
103,643
150,549
1,247,197		 2020
£
931,630
97,502
161,145
1,190,277

The average number of persons employed by the Charity during the year was as follows:

2021 2020
No. No.
Administrative and support 27 24

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

No. 2021 No 2020
In the band £60,001 to £70,000 1 1
In the band £100,001 to £110,000 - 1
In the band £110,001 to £120,000 1 -
In the band £120,001 to £130,000 1 1

Page 30

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

10. Trustees' remuneration and expenses

Key Management Personnel comprise the Trustees and the Senior Management Team.

Remunerated Key Management Personnel comprises Estelle Morris (Chair), Timothy Boyes (CEO), Tracy Ruddle, John Garrett. Key management personnel compensation for the financial year amounted to £424,482 (2020: £436,672), including one via subcontract agreement.

During the year retirement benefits were accruing to one Trustee (2020: one) in relation to a defined contribution pension scheme.

Further related party transactions included in note 21.

During the year ended 31 March 2021, expenses totalling £123 was reimbursed or paid directly to 1 Trustee (2020 - £341 to 3 Trustees)

Trustees’ remuneration:

During the year ended 31 March 2021 the following trustees were paid via payroll, as authorised by the Articles of Association:

Estelle Morris received remuneration of £24,000 (2020 £24,000) for consultancy services. No employer pension contributions were made by BEP on her behalf.

Timothy Boyes received remuneration of £127,029 (2020 £125,597) and BEP paid employer pension contribution of £40,443 (2020 £38,294). This was for his role as CEO of BEP.

Trustees’ remuneration is only in respect of services they provide under their contracts of employment or consultancy agreements and not for their role as Trustees.

Page 31

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

11.
Tangible fixed assets
Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
12.
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures
and
fittings
£
33,912
-
-
33,912
23,698
1,034
-
24,732
9,180
10,214		 Computer
equipment
£
50,551
1,484
(31,784)
20,251
42,578
4,560
(31,784)
15,354
4,897
7,973
2021
£
148,585
-
192,475
341,060		 Total
£
84,463
1,484
(31,784)
54,163
66,276
5,594
(31,784)
40,086
14,077
18,187
2020
£
124,306
372
383,807
508,485

Page 32

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred Income
Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March 2021		 2021
£
49,281
86,507
11,044
266,508
413,340
2021
£
148,944
111,104
(148,944)
111,104		 2020
£
84,373
78,112
28,699
267,627
458,811
2020
£
101,440
148,944
(101,440)
148,944

Deferred income relates to traded activity invoiced in advance of service provided.

Page 33

NOTES OF FINANCIAL STATEMENTS

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

FOR THE YEAR ENDED 31 MARCH 2021

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Wider Learning
Performance & Standards
Inclusion
Total of funds		 Balance at 1
April 2020
£
1,643,805
69,460
-
243,802
313,262
1,957,067		 Income
£
1,361,087
718,038
18,250
316,944
1,053,232
2,414,319		 Expenditure
£
1,609,235
337,236
18,250
276,093
631,579
2,240,814		 Transfers
in/(out)
£
(17,780)
30,910
-
(13,130)
17,780
-		 Balance at 31
March2021
£
1,377,877
481,172
-
271,523
752,695
2,130,572

Wider Learning restricted funds comprise:

Careers: to support secondary schools in the provision of careers and enterprise advice and in the provision of meaningful encounters with the world of work for their pupils.

Arts & Sport: to enable schools to improve the quality of their arts provision through sharing of best practice, supporting the commissioning of specific projects and recruitment of specialist staff, and engagement in school audits; to create a project to celebrate the Commonwealth Games in 2022 by twinning schools in the West Midlands with those in Commonwealth countries to develop arts and sports projects together.

Digital Poverty: Provision of computer equipment and connectivity to alleviate digital poverty in Birmingham schools

Inclusion restricted funds are to assist schools in building emotionally supportive environments that benefit all pupils, to identify vulnerable pupils who require individual support and to work with the South Asian community of postcode B8 in Birmingham to improve the mental health of young people.

Page 34

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

14. Statement of funds (continued)

Statement of funds prior year

Unrestricted funds
General Funds
Restricted funds
Wider Learning
Inclusion		 Balance at 1
April 2019
£
1,893,039
35,053
98,437
133,490
2,026,529		 Income
£
1,930,577
243,341
305,597
548,938
2,479,515		 Expenditure
£
(2,184,399)
(204,346)
£160,232)
(364,578)
(2,548,977)		 Transfers
in/(out)
£
4,588
(4,588)
-
(4,588)
-		 Balance at 31
March 2020
£
1,643,805
69,460
243,802
313,262
1,957,067

15. Analysis of net assets between funds -

current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
14,077
1,777,140
(413,340)
Restricted
funds
2021
£

-

752,695

-

752,695		 Total
funds
2021
£
14,077
2,529,835
(413,340)
1,377,877 2,130,572

Page 35

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds – prior period

Tangible fixed assets
Current Assets
Creditors due within one year
Total		 Unrestricted
Funds
2020
£
18,187
2,084,429
(458,811)
1,643,805		 Restricted
Funds
2020
£
-
313,262
-
313,262		 Total
Funds
2020
£
18,187
2,397,691
(458,811)
1,957,067

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Investment income recognised in Statement of Financial Activities
Decrease/ (Increase) in debtors
(Decrease) / Increase in creditors
Net cash provided by/ (used in) operating activities		 2021
£
173,505
5,594
(1,061)
167,425
(45,471)
299,992		 2020
£
(69,462)
10,581
(10,244)
(173,437)
23,458
(219,104)

17. Analysis of cash and cash equivalents

Current accounts
Deposit accounts
Total cash and cash equivalents		 2021
£
967,718
1,221,057
2,188,775		 2020
£
469,193
1,420,013
1,889,206

Page 36

NOTES OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

BIRMINGHAM EDUCATION PARTNERSHIP (A Company Limited by Guarantee)

18. Analysis of Net Debt

Cash at bank and in hand At 1 April
2020
£
1,889,206
1,889,206		 Cash flows
£

299,569

299,569		 At 31 March
2021
£
2,188,775
2,188,775

19. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounts to £ 150,549 (2020: £161,144).

Contributions totalling £10,056 (2020: £14,873) were payable to the fund at the reporting date and are included in creditors.

20. Operating lease commitments

At 31 March 2021 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2021
£
10,277
1,962
12,239		 2020
£
32,821
12,893
45,714

21. Related party transactions

Details of payroll and consultancy-related transactions with the Trustees are included within note 9 to the financial statements pertaining to staff costs.

One of the Trustees, Andrew Hodge, is the husband of the Management Accountant for Birmingham Education Partnership. The Management Accountant provides her services through a limited company of which she is sole director. The amounts invoiced in the year totalled £ 34,328(2020 - £36,721). Amounts owing at the year-end totalled £3,034 (2020 - £2,852).

Trustees’ remuneration and expenses for the year are disclosed in note 10 to the financial statements. No other related party transactions have been noted.

22. Controlling party

The Charity has no ultimate controlling party

Page 37