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2022-03-31-accounts

Birmingham Education Partnership Ltd

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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

Birmingham Education Partnership Ltd (A company limited by guarantee)

CONTENTS

Reference and administrative details ................................................................................................... 2 Trustees' report ..................................................................................................................................... 3 Independent auditor’s report ............................................................................................................. 18 Statement of financial activities ......................................................................................................... 22 Balance sheet ...................................................................................................................................... 23 Statement of cash flows ..................................................................................................................... 25 Notes to the financial statements ...................................................................................................... 26

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Birmingham Education Partnership Ltd (A company limited by guarantee)

REFERENCE & ADMINISTRATIVE DETAILS OF THE CHARITY FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Mr Timothy Boyes (Resigned 25 July 2022)

Baroness Estelle Morris

Mrs Patricia Smart (Resigned 4 July 2022)

Mr Andrew Hodge

Mr Nick Scully (Resigned 20 September 2021)

Mr James Howse

Ms Jo Jones (Resigned 4 July 2022)

Mr Mark Gregory (Resigned 4 July 2022)

Ms Vanessa Hanson

Ms Razia Ali (Appointed 4 July 2022)

Ms Bethan Gingell (Appointed 4 July 2022)

Mr Mangal Singh (Appointed 4 July 2022)

Mr Peter Weir (Appointed 4 July 2022)

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

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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The Trustees present their Annual Report together with the audited financial statements of the Charity for the year 1 April 2021 to 31 March 2022. 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:

• advance the education of children and young people for the public benefit. 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 on schools, and so in turn on the children and young people they serve.

The year ended 31 March 2022 was the second impacted by the Covid 19 Pandemic. During this period, Covid restrictions were gradually lifted but schools were focused on recovery and returning to the classroom. This meant that school improvement visits were less easy to schedule. Training was able to continue online with a gradual return to face to face delivery during the period. Covid cases still had a major impact on attendance of both teachers and pupils in schools.

BEP continued with hybrid working with an office relocation to smaller premises within an education setting. A digitalisation process increased the flexibility of working. As the year progressed, more people were more regularly attending the office.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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The Birmingham Education Hub has been developed and is in an incubation period. It will provide schools with a new way to access all things education in Birmingham. In particular it will support the working of The Birmingham Institute for Professional Learning; a collaboration of key education systems leaders aiming to cultivate Birmingham’s research-based approach to school improvement by drawing on national partners to create a self-improving local system driven by school leaders.

Funded projects began to catch up on the delays caused by the pandemic. Some have increased activity in this year to keep to the scheduled end date, others have extended their delivery period, with agreement from funders. Overall costs have been within the original budgets.

Birmingham

School type (excludes
nurseries)		 Number that are Local
Authoritymaintained		 Total in Birmingham
Primary 160 295
Secondary 16 88
Special 17 27
Pupil Referral Unit 1 7
TOTAL 194 417

A key source of funding, 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 were awarded the contract from 1 September 2021.

BEP delivers its objectives via four strands:

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT

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FOR THE YEAR ENDED 31 MARCH 2022
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Each strand has worked hard to support schools recovering from the pandemic and faced challenges in delivering services, especially at the start of the year. We continue to be proud of the way we support schools as they recover and understand the impact it has had on both children and staff.

84% of Birmingham schools engage with BEP in some aspect of their work

Our aims for this year and how we met them

We aimed to ……

What happened …….

We aimed to respond to the anticipated tender for school improvement services and to secure award of the contract to commence the contract for school improvement services for Birmingham City Council (BCC) from September 2021, working in collaboration with BCC & schools to set up our new operating model.

BEP won the seven-year BCC contract as from 1st September 2021 and then

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

-
help facilitate school engagement and
the
commissioning
of
support
services.		 -
Using
our
unique
knowledge
of
Birmingham
schools,
we
have
commenced a review of our traded
offer. As they return to normal, schools
are welcoming the careful matching of
consultant skills to their specific needs.
-
expand the work and size of the
careers programme		 -
The Careers Hub supported 100
Birmingham schools & colleges, with
more support available to SEND
schools and Alternative Providers
(AP)
-
Despite Covid, the quality of Careers
Education
improved
or
was
maintained as measured by the
Gatsby Benchmarks
-
Enterprise
Coordinators
and
Enterprise Advisors (volunteers from
business)
expanded
links
to
businesses, supported communities
of
practice
providing
resource
bulletins and newsletters
-
Local Market Intelligence digital
guide launched
-
support of a project focussing on
better careers outcomes for 16- to
18-year-olds with SEND.		 -
We established a project within two
AP’s seeking to improve school
engagement and to raise career
aspirations
by
placing
careers
education at the heart of the
curriculum.
-
agreed a programme with eight
mainstream providers of post 16
education to improve provision for
theiryoung people with SEND
-
expand the emotional wellbeing
work in schools via NewStart and the
Trailblazer projects supported by
mental
health
training
and
development for school staff		 As schools return to business as usual,
-
NewStart worked with 65 active
schools throughout the year and
another 17 in the B8 postcode for
part of the year, embedding the
NewStart approach.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

The team has The team has
- delivered well received & evaluated
training on / of
o in school “early help”
o suicide prevention via Suicide First
Aid & Papyrus
o KiVA
anti-bullying
programme
(supporting research at the
Universities of Birmingham
and of Warwick)
o over 100 senior mental health
leads, authorised by Leeds
Beckett University & grant
funded by DfE, who have
developed a mental health
action plan for their schools
and will form a community
of practice in the city
- Supported the development of
Breathe-edu.co.uk, a single point of
access for teachers and early years
workers to promote wellbeing in the
young people they teach and care
for
- Been part of the #you’ve been
missed campaign, where our work
continues to be recognised as good
practice.
Continuing BEP’s strategic role within the
city, we worked closely with the following
groups, among others
- CAMHS transformation board
- Education Safeguarding,
- Mentally Healthy cities,
- Suicide Prevention Strategy Working
Group
- B-WEST group (Birmingham Wellbeing
and Education Steering Group), with
Education Psychology, NHS, BCT,
Public Health and research colleagues.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The project’s start coincided with the pandemic and delivery was delayed but has increased this year with the aim of completing on schedule in early 2023.

The project involves four areas of work

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

FUNDRAISING STATEMENT

The charity does not engage in fundraising either directly or indirectly with individuals and therefore does not seek to adhere to a voluntary code of fundraising. It is not considered necessary to implement protocols around fundraising practices and no complaints were received in this respect During the year the charity engaged a third party consultant to provide support in writing applications for grant funding.

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 21/22 199 schools have purchased Enhanced membership.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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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.

262 delegates from 197 schools signed up for the conference and there were over 1200 views of the live sessions and of the recordings 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 was 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.

INVESTMENT POLICY

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

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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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 £1,526,346 (2021: £1,609,235)

Unrestricted reserves at the end of the financial year stood at £1,499,835 (2021: £1,377,877) the equivalent of 11 months of expenditure; slightly higher than 2021 (10 months).

The level of reserves held at year end is slightly higher than that designated by the reserves policy but was a prudent policy whilst waiting for the outcome of the BCC School Improvement contract. From September 2021 to June 2022, the new School Improvement team was built. A deficit budget was again set for the year to 31 March 2023 and a 5-year business plan is being developed which will include an increased emphasis on traded activity and managing the level of reserves in line with the policy, whilst continuing to be prudent in the current economic and funding climate.

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:

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

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Birmingham Education Partnership Ltd (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 (Resigned 25 July 2022)

Baroness Estelle Morris Ms Patricia Smart (Resigned 4 July 2022)

Mr Andrew Hodge

Mr Nick Scully (Resigned 20 September 2021)

Mr James Howse

Ms Jo Jones (Resigned 4 July 2022)

Mr Mark Gregory (Resigned 1 July 2022)

Ms Vanessa Hanson

Ms Razia Ali (Appointed 4 July 2022)

Ms Bethan Gingell (Appointed 4 July 2022)

Mr Mangal Singh (Appointed 4 July 2022)

Mr Peter Weir (Appointed 4 July 2022)

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

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.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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All appointments consider equal opportunities and strive to increase diversity and inclusion across the organisation, including the Board of trustees.

TRUSTEE INDUCTION AND TRAINING

Trustees receive an induction to the organisation and their role, including the Charity Commission document “The Essential Trustee”. All trustees received Safeguarding training and following our formal governance review we have a priority to further develop the training programme for trustees.

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 as well as periodic audits of financial policies, procedures and compliance ensure that Trustees have a good working knowledge of the activities completed by the charity. periodically commission additional audits of to provide additional assurance to the Board.

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.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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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.

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.

The most significant risk facing the organisation is uncertainty regarding income. In response the organisation has:

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 reappointed as auditor of the company will be put at a General Meeting.

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:

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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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:

…………………………………………………………………………………………….. Baroness Estelle Morris Trustee

Date 18[th] October 2022

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Birmingham Education Partnership Ltd (A company limited by guarantee)

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INDEPENDENT AUDITOR'S
REPORT
FOR THE YEAR ENDED 31 MARCH 2022
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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 2022 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.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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.

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.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 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.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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:……………………………………… 21 October 2022

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

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Birmingham Education Partnership Ltd (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022


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
2022
£
-
1,502,777
-
374
1,503,151
1,526,346
1,526,346
(23,195)
145,153
121,958
1,377,877
121,958
1,499,835		 Restricted
Funds
2022
£
2,205
1,377,787
-
-
1,379,992
1,004,019
1,004,019
375,973
(145,153)
230,820
752,695

230,820
983,515		 TOTAL
Funds
2022
£
2,205
2,880,564
-
374
2,883,143
2,530,365
2,530,365
352,778
-
352,778
2,130,572
352,778
2,483,350		 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

The notes on pages 26 to 49 form part of these financial statements.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

BALANCE SHEET AS AT 31 MARCH 2022

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 assets less current liabilities
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 2022
£
5,969
5,969
511,988
2,490,352
3,002,340
(524,959)
2,477,381
2,483,350
983,515
1,499,835
2,483,350		 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

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Birmingham Education Partnership Ltd

(A company limited by guarantee)

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BALANCE SHEET
AS AT 31 MARCH 2022
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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:

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

Baroness Estelle Morris

Trustee

Date: 18[th] October 2022

The notes on pages 26 to 49 form part of these financial statements.

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Birmingham Education Partnership Ltd (A company limited by guarantee)

STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Net cash provided by (used in) operating activities 16
Cash flows from investing activities
Interest received
Purchase of tangible fixed assets
Net cash provided by/(used in) investing 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		 2022
£
301,203
374
-
374
301,577
2,188,775
2,490,352		 2021
£
299,992
1,061
(1,484)
_(_422)
299,569
1,889,206
2,188,775

The notes on pages 26 to 49 form part of these financial statements

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Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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. 102. 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.

26

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting Policies (Continued)

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.

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.

27

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting Policies (Continued)

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 £1,000 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.

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

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.

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.

28

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting Policies (Continued)

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.

29

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

30

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from donations and legacies Restricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Donations 2,205 2,205 2,500

In 2021, Donations of £2,500 was included within restricted funds.

31

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. Income from charitable activities

Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Total 2022		 Unrestricted
funds
2022
£
31,395
1,193,451
170,754
107,177
1,502,777		 Restricted
funds
2022
£
834,281
85,000
458,506
-
1,377,787		 Total funds
2022
£
865,676
1,278,451
629,260
107,177
2,880,564
Wider Learning
Performance and Standards
Inclusion
Business Support & Development
Total 2021		 Unrestricted
funds
2021
£
39,220
963,356
237,243
120,207
1,360,026		 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

Included within unrestricted income above are the following government grants received: Birmingham City Council under a service level agreement 2022 £1,229,023: (2021: £1,080,000).

32

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. Income from charitable activities (continued)

Included within restricted income are grants received from:

2022 2021
£ £
Birmingham City Council 245,001 54,310
The Careers and Enterprise Company 428,445 303,076
The Greater Birmingham and Solihull Local Enterprise 75,000 43,750
Partnership
The National Lottery Community Fund South Asian 148,386 171,509
Young People’s Project
Arts Connect 53,169 10,819
NHS 150,119 120,355
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:

This is stated after charging:
2022 2021
£ £
Depreciation of tangible fixed assets 4,796 5,594
Operating lease rentals 22,271 32,821

Auditors' remuneration

The Auditor's remuneration comprises audit fees of £10,500 (2021: £8,500) and fees for other non-audit services of £ 256 (2021: £419).

33

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Investment income

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £
 £
Interest receivable 374 374
 1,061

In 2021, interest receivable of £1,061 was included within unrestricted funds.

34

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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
2022
£
90,878
753,673
209,211
472,584
1,526,346
Unrestricted
funds
2021
£
143,508
642,313
284,159
539,255
1,609,235		 Restricted
funds
2022
£
691,890
13,221
298,908
-
1,004,019
Restricted
funds
2021
£
337,236
18,250
276,093
-
631,579		 Total
funds
2022
£
782,768
766,894
508,119
472,584
2,530,365
Total
funds
2021
£
480,744
660,563
560,252
539,255
2,240,814

35

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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
2022
£
764,968
758,752
507,181
308,422
2,339,323
Activities
undertaken
directly
2021
£
474,126
660,203
559,609
394,199
2,088,137		 Support
costs
2022
£
17,800
8,142
938
164,162
191,042
Support
costs
2021
£
6,619
360
642
145,056
152,677		 Total
funds
2022
£
782,768
766,894
508,119
472,584
2,530,365
Total
funds
2021
£
480,745
660,563
560,251
539,255
2,240,814

36

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Analysis of direct costs

Staff costs
Consultancy costs
Computer supplies
Event Costs
Grant payments		 Wider
Learning
2022
£
416,493
178,311
38,794
48,370
83,000
764,968		 Performance
and
Standards
2022
£
422,052
330,977
-
5,723
-
758,752		 Inclusion
2022
£
178,007
309,629
750
11,295
7,500
507,181		 Business
Support &
Development
2022
£
212,708
94,343
18
1,353
-
308,422		 Total
funds
2022
£
1,229,260
913,260
39,562
66,741
90,500
2,339,323
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

37

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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
2022
£
-
-
232
626
-
3,558
1,212
11,183
989
-
-
17,800		 Performance
&
Standards
2022
£
-
380
-
42
-
-
84
7,227
389
20
-
8,142		 Inclusion
Business
Support &
Development
2022
£
2022
£
-
8,108
389
8,929
-
52,037
423
6,219
-
7,735
-
36,313
126
33,634
-
3,090
-
134
-
583
-
7,380
938
164,162		 Total
funds
2022
£
8,108
9,698
52,269
7,310
7,735
39,871
35,056
21,500
1,512
603
7,380
191,042

38

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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
2021
£
-
18
97
715
195
-
4,783
144
667
-
-
6,619		 Performance
&
Standards
2021
£
-
-
-
76
-
-
46
-
238
-
-
360		 Inclusion
2021
£
-
493
-
(5)
-
-
155
-
-
-
-
643		 Business
Support &
Development
2021
£
5,593
8,451
27,409
4,382
7,183
34,892
35,586
198
546
2,020
18,795
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

39

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Staff costs

2022
£
Wages and salaries
1,003,873
Social security costs
104,494
Other pension costs
120,893
1,229,260
The average number of persons employed by the Charity during the year was as follows:
2022
No.
Administrative and support
28		 2021
£
1,020,005
103,643
150,549
1,247,197
2021
No.
27

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

2022 2021
No. No.
In the band £60,001 to £70,000 1 1
In the band £110,001 to £120,000 - 1
In the band £120,001 to £130,000 1 1

40

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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), Paulette Osborne, Debbie James and John Garrett. Key management personnel compensation for the financial year amounted to £394,940 (2021: £424,482), including one via subcontract agreement.

During the year retirement benefits were accruing to one Trustee (2021: one) in relation to a defined contribution pension scheme.

Further related party transactions included in note 21.

During the year ended 31 March 2022, no expenses were reimbursed or paid directly to any Trustees (2021 - £123 to 1 Trustee).

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 (2021 £24,000) for consultancy services. No employer pension contributions were made by BEP on her behalf.

Timothy Boyes received remuneration of £127,859 (2021 £127,029) and BEP paid employer pension contribution of £40,774 (2021 £40,443). 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.

41

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11.
Tangible fixed assets
Cost or valuation
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Fixtures and
fittings
£
33,912
-
(7,878)
26,034
24,732
879
(4,554)
21,057
4,977
9,180		 Computer
equipment
£
20,251
-
(5,080)
15,171
15,354
3,917
(5,092)
14,179
992
4,897		 Total
£
54,163
-
(12,958)
41,205
40,086
4,796
(9,646)
35,236
5,969
14,077

42

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12.
Debtors
Trade debtors
Other debtors
Prepayments and accrued income
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 2021
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March 2022		 2022
£
241,271
-
270,717
511,988
2022
£
48,146
101,309
13,349
362,155
524,959
2022
£
111,104
214,703
(111,104)
214,703		 2021
£
148,585
-
192,475
341,060
2021
£
49,281
86,507
11,044
266,508
413,340
2021
£
148,944
111,104
(148,944)
111,104

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

43

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2021
£
1,377,877
481,172
-
271,523
752,695
2,130,572		 Income
£
1,503,151
835,488
85,000
459,504
1,379,992
2,883,143		 Expenditure
£
1,526,346
691,890
13,221
298,908
1,004,019
2,530,365		 Transfers
in/(out)
£
145,153
(83,808)
(12,279)
(49,066)
(145,153)
-		 Balance at 31
March2022
£
1,499,835
540,962
59,500
383,053
983,515
2,483,350

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: 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.

Birmingham Arts School: to bring together a partnership of arts organisations to provide school engagement and support

44

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14. Statement of funds (continued)

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.

Performance & Standards : to fund work with school consortia & DLP

Statement of funds prior year

Unrestricted
funds
General
Funds
Restricted
funds
Wider Learning
Performance &
standards
Inclusion		 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
March 2021
£
1,377,877
481,172
-
271,523
752,695
2,130,572

45

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Analysis of net assets between funds -

current period

Tangible fixed assets
Current assets
Creditors due within one year
Total
15. Analysis of net assets between funds -
prior period		 Unrestricted
funds
2022
£
5,969
2,018,825
(524,959)
1,499,835		 Restricted
funds
2022
£
-
983,515
-
983,515		 Total
funds
2022
£
5,969
3,002,340
(524,959)
2,483,350
Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
funds
2021
£
14,077
1,777,140
(413,340)
1,377,877		 Restricted
funds
2021
£
-
752,695
-
752,695		 Total
funds
2021
£
14,077
2,529,835
(413,340)
2,130,572

46

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

Net income / (expenditure) for the period (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
(Profit) / Loss on sale of Fixed Assets
Investment income recognised in Statement of Financial Activities
Decrease/ (Increase) in debtors
(Decrease) / Increase in creditors
Net cash provided by/ (used in) operating activities
17.
Analysis of cash and cash equivalents
Current accounts
Deposit accounts
Total cash and cash equivalents		 2022
£
352,778
4,796
3,312
(374)
(170,928)
111,619
301,203
2022
£
1,268,921
1,221,431
2,490,352		 2021
£
173,505
5,594
-
(1,061)
167,425
(45,471)
299,992
2021
£
967,718
1,221,057
2,188,775

47

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Analysis of Net Debt

Cash at bank and in hand At 1 April
2021
£
2,188,775
2,188,775		 Cash flows
£
301,577
301,577		 At 31 March
2022
£
2,490,352
2,490,352

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 £120,893 (2021: £150,549).

Contributions totalling £12,902 (2021: £10,056) were payable to the fund at the reporting date and are included in creditors.

20. Operating lease commitments

At 31 March 2022 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
15,469
43,898
59,367		 2021
£
10,277
1,962
12,239

48

Birmingham Education Partnership Ltd (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 £34,134 (2021 - £34,328). Amounts owing at the year-end totalled £2,788 (2021 - £3,034).

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

49