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2023-03-31-accounts

Annual report and financial statements For the year ended 31 March 2023

The Think Ahead Organisation Company number: 10015893 Charity number: 1166577

Izzy , Think Ahead trainee, class of 2022

Contents

Reference and administrative information .................................. 3 Message from the Chair of the Board ........................................... 4 Message from the CEO.................................................................... 5 Trustees’ annual report ................................................................... 6 Independent auditor’s report ....................................................... 19 Statement of financial activities (incorporating an income and expenditure account) .................. 23 Balance sheet ................................................................................. 24 Statement of cash flows ............................................................... 25

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Annual Report and Financial Statements for the year ended 31 March 2023

Reference and administrative information

Registered name and charity number:

The Think Ahead Organisation 1166577 (registered in England & Wales)

Company number

10015893 (country of incorporation United Kingdom)

Registered office address

Record Hall, 16-16A Baldwins Gardens, London, EC1N 7RJ

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Professor Dame Carol Black - Chair Dr Ruth Allen Professor Kamaldeep Bhui Levi Chambers-Cook Professor David Croisdale-Appleby OBE James Darley Dr Navina Evans CBE John Lawlor Professor Sir Julian Le Grand Donald Peck Sharon Rice-Oxley Nicholas Timmins

Company Secretary

Elizabeth Ambekar (resigned 6 July 2023) Philippa Mariani (appointed 6 July 2023)

Key management

Ella Joseph, Chief Executive (resigned 30 September 2022) Philippa Mariani, Chief Executive (from 1 December 2022) Elizabeth Ambekar, Finance and Operations Director (to 6 July 2023) Douglas Ridley, Finance and Operations Director (from 19 September 2023) Penelope East, External Relations Director Rachel Slade, Programme Director Ivan Wise, Recruitment Director/Interim Chief Executive (1 October 2022 – 30 November 2022); Business Development Director (from 1 April 2023)

Bankers

Lloyds Bank plc Villiers House, 48-49 The Strand, London, WC2N 5LL

Solicitors

Bates Wells Braithwaite 10 Queen St Place, London, EC4R 1BE

Stone King LLP Boundary House, 91-93 Charterhouse Street, London, EC1M 6HL

Auditor

Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House, 108-114 Golden Lane, London, EC1Y 0TL

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Annual Report and Financial Statements for the year ended 31 March 2023

Message from the Chair of the Board

I

am proud to have been the Chair of Think Ahead’s Board since its inception in 2014. It has been a true privilege to contribute to this charity and play a part in its invaluable contribution to mental health services.

One of the things I’ve most admired about the charity is its focus on supporting the social aspects of people’s lives. Interventions must include supporting people to manage the things that matter to us all – a happy home, healthy relationships, and financial stability. A social approach can be transformational, and it is an ethos embedded in our programme.

We know there have been great external pressures over the last year. The cost-of-living crisis has affected our applicants, trainees, practitioners, and people who use mental health services. I am in admiration of the thousands of people who engage with the Think Ahead programme and apply to be part of our social work programme. It is a courageous decision to dedicate your professional life to the support of others, and perhaps even more so given the instability of recent times.

As a charity, we were sad to see Chief Executive and co-founder, Ella Joseph, move on this year, but we were delighted to welcome our new CEO, Philippa Mariani.

The Board knows Philippa is passionate about the impact Think Ahead can have on the health and social care workforce, ensuring that everyone struggling with their mental health receives timely, effective, and empathetic support. We look forward to working closely with her and her team to make this ambition a reality.

Professor Dame Carol Black Chair of Think Ahead

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Annual Report and Financial Statements for the year ended 31 March 2023

Message from the CEO

ince Think Ahead launched its first programme cohort in 2016, we have welcomed and trained nearly 1,000 new mental health social workers. S Joining from all walks of life and backgrounds, they share one motivation: to bring a social approach to mental health services and their professional practice.

Without our programme, most of those people would not have thought of embarking on a career in social work. Eight years on, many of them are leading the way in integrated social work. They’re working across primary health care, social care, community mental health and in-patient teams, in the integrated care systems that are transforming the way health and care is delivered in local communities.

In my first months here, I have been constantly impressed by the passion, dedication, and thoughtfulness that every one of our Think Ahead trainees and alumni shows. I know they are, and will continue to be, outstanding professionals in mental health services, making a real difference to people’s lives.

It’s that impact that drives Think Ahead. Working with partners across the country, our charity has supported thousands of people living with mental health challenges through the recruitment, training, and development of the mental health workforce.

I am very proud to pick up the mantle from co-founder Ella Joseph and am full of gratitude for her leadership and achievements.

Times remain tough and our pursuit of a society where people with mental health illnesses can live their best independent lives is more important than ever. I am looking forward to being part of the difference as we prepare to launch our new fiveyear strategy in autumn 2023.

Philippa Mariani CEO

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

Trustees’ annual report

The Trustees present their report and the audited financial statements for the year ended 31 March 2023.

The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

About us

We believe that for people living with mental health needs to thrive, the workforce supporting them must also be thriving. We recruit, train, and develop the mental health workforce to provide the most effective support for people with mental health problems.

Founded in 2014, Think Ahead set out to strengthen mental health social work by attracting talented graduates and career-changers to the sector. Every year, we recruit up to 160 graduates and career-changers into mental health social work: providing them with a combination of academic learning and intensive on-the-job training through placements in NHS mental health trusts and local authorities across England.

We advocate for social approaches to mental health, recognising that medical interventions alone may not improve someone’s mental health. When someone is experiencing mental ill health, they need support across all aspects of their life. Support for the things that matter most to us all: housing, family, employment, relationships, and community.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

Looking Back

The flagship programme

In 2022, we welcomed 152 trainees into our seventh cohort and they are training with our partners in NHS mental health trusts and local authorities across England.

Their training placements are spread across a wide range of mental health services including peri-natal, forensic, older adults, learning disabilities, transition to adulthood support, and community mental health teams.

We strive to promote equality, diversity and inclusion through our work believing in social justice and the value that diversity of thought and experience brings. Encouraging underrepresented groups – such as men and people from Black, Asian, and ethnically diverse communities – to begin a career in mental health social work with us remains a key focus for us.

We continuously look for ways to improve the reach and impact of our programme. Through ongoing dialogue with our trainees, partners’ operational leads, and people with lived experience, we can learn and improve.

In addition to monitoring the trainee experience, we have focused on the impact that our training partnerships have within NHS trusts and local authorities. We are proud to report that in 2022, 92% of the operational leads for social work told us they believed our partnership had had a broader impact on their organisation - from raising awareness and the status of mental health social work in their organisations, to improving the team’s performance and morale.

Supporting our alumni

The support we offer our trainees does not end when they finish our programme. Our growing alumni community offers a space for newly qualified social workers and experienced social workers alike to come together, to learn and support one another.

Providing additional resources and support, including our monthly guided reflective practice sessions, we invest in our alumni community to help them continue long and prosperous careers in the mental health workforce.

Our alumni steering group meets monthly to contribute ideas and initiatives for the community. We provide professional opportunities, training and development activities, and

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

support our alumni to look after their wellbeing and widen their professional networks. This year for example, we hosted renowned professor Brene Brown’s Dare to Lead series, sessions on anti-racist social worker practice, and held an online group cookery class with the not-forprofit organisation Migrateful, who give a platform to migrant, asylum seeker and refugee chefs.

Continuing professional development with our consultant social workers

We had 54 consultant social workers and associate consultant social workers involved in our 2022 cohort. We facilitated practice education professional standards training for 16 of them and delivered refresher training to an additional 13 enabling them to maintain their qualifications. The mental health workforce needs more practice educators, and each of these practitioners are now qualified to support practice education on behalf of other higher education institutions as well as Think Ahead.

In partnership with Middlesex University, we also delivered five days of relationship-based practice training and seven days of continuing professional development training through our development days. Content for these included anti-racist practice in mental health, inclusive practice, and ethical leadership in practice education.

Wider support of the mental health workforce

We work in partnership with a multitude of organisations to support the workforce and people living with mental health needs.

We embarked on a joint two-year project with the not-for-profit organisation, Social Finance, to help bring specialist support to job seekers living with mental health needs. Commissioned by NHS England, the project seeks to expand access across the country to Individual Placement and Support, by raising awareness of job opportunities in this field, and helping NHS trusts, local authorities and voluntary sector providers to develop and improve their recruitment campaigns for the service. Open to anyone using mental health services who wants to work, the specialist employment service offers personalised support with the assistance of an employment specialist.

Meanwhile, our Pan London NHS Trust Assessed and Supported Year in Employment (ASYE) programme has continued to develop and grow. Created in partnership with East London Foundation Trust and social work leads across London, the programme was formed to ensure London NHS trusts had access to an ASYE programme with an adult mental health focus.

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The Think Ahead Organisation Trustees’ annual report

Evaluation of the pilot highlighted the following benefits:

To date 34 people have completed the programme, and 32 more are currently undertaking the programme with East London NHS Foundation Trust, West London NHS Trust, South London and Maudsley NHS Foundation Trust, and Oxleas NHS Foundation Trust. The training is also being accessed by Isle of Wight NHS Trust, Central and North West London NHS Foundation Trust and Sussex Partnership NHS Foundation Trust.

Policy and advocacy

We work to inform and influence national policy, sharing the knowledge and expertise of our trainees, alumni and key stakeholders. We advocate for the best interests of the mental health workforce in response to policy announcements and share our input to key consultations. Our close relationship with new mental health social workers and their employers, alongside our wider work in the sector, gives us valuable insight into the urgent challenges facing the workforce, and the impact these challenges have on service delivery.

This year we submitted a response to the Department of Health and Social Care’s mental health and wellbeing consultation. Gathering evidence and expertise from across our network, the submission argued that if we truly want to transform our national approach to mental health, we need a happy, motivated, and properly resourced workforce.

We also provided bespoke policy input to the Department of Health and Social Care, conducting primary research around expanding social work apprenticeships.

Governance

In 2022/23, the Board prepared for the completion of the terms of five trustees, including our founding Chair, Professor Dame Carol Black, who will be stepping down in 2024. We are committed to finding new Board members who have the right mix of skills to take our organisation forward, as we start to extend our impact and reach across the mental health workforce.

The Board reviewed its strategic risk profile, taking active steps to support the CEO and senior leadership team to effectively manage and mitigate risk, and to identify and develop new opportunities to increase recruitment, retention and capacity in the workforce. As part of this, a new reserves policy was introduced to enable investment in a growth strategy.

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The Think Ahead Organisation Trustees’ annual report

Equality, diversity and inclusion

We believe in social justice and know that diversity of thought and experience intrinsically improves the performance of teams and organisations. We have a diverse staff team but want to do more to promote this and make sure that diversity and an inclusive approach to work is a feature at all levels in the charity.

Our target for people from Black, Asian and ethnically diverse communities joining our programme this year increased from 20% to 22%. We exceeded this new target with 27% of our 2022 trainees identifying as being Black, Asian and from ethnically diverse backgrounds.

We believe social mobility is an important indicator of equality, diversity and inclusion and monitor this in our cohort intakes as well. In 2022, over a quarter (27%) of our trainees were eligible for free school meals whilst growing up (the percentage of pupils eligible for free school meals currently in England is 23.8%), and over half (57%) were the first generation to attend university.

We do our best to ensure finances do not get in the way of aspirations to join the mental health sector. Our training programme is fully funded, and we also have a hardship fund to support firstyear trainees in case of unexpected financial difficulties. The fund provides non-repayable awards up to £3,000 and supported 37 trainees in 2022/23 – an increase of 27% from the previous cohort. Of the awards made, the most common reasons for applying were for car repair costs (many of our trainees use their cars to visit service users in their training placements and cover significant distances by car) or additional housing costs due to changes in personal circumstances.

Looking forward

We have to have a strong and flourishing workforce if we are to truly support people living with mental health needs. Yet the reality is that our dedicated, passionate health and social care professionals are overburdened and under resourced. With vacancy rates at an all-time high, rising from 7% to 10.7% in social care alone last year, investment in the workforce must be prioritised.

Acknowledging the scale of the problem, the government has committed itself to strengthening the health and social care workforce. And we in turn are committed to being part of that process: finding cost effective and impactful solutions that will make a difference for people with mental health needs and the workforce supporting them.

In the next financial year ending 31 March 2024, we will continue our work to recruit, train, promote and develop the mental health workforce. Bringing insights from our community into national policy discussions and embedding lived experience into our work, we are committed to building a thriving workforce. We plan to onboard three new cohorts of trainees in 2023, 2024 and 2025 – bringing over 400 new trainees into mental health social work by 2027.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

We will also launch a new five-year plan to extend our impact and reach more broadly across the mental health and social care workforce and grow capacity in the sector.

Recruitment

We will:

Training

We will:

Promotion

We will:

Development

We will:

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

Structure, governance and management

Constitution of the charity

The organisation is a charitable company limited by guarantee, incorporated on 19 February 2016 and registered as a charity on 18 April 2016.The charity remained dormant until 1 July 2016, when the Think Ahead programme transferred over to the charity from The Institute for Public Policy Research (IPPR).

The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its articles of association.

Charitable objectives

The charitable objectives of Think Ahead are:

Our Board and governance

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note seven to the accounts.

The day-to-day decisions and management of the charity is delegated by the trustees to the CEO and senior staff detailed on page 3.

Appointment of trustees

The charity’s governing document does not specify a time limit for the term of office for trustees. It does, however, require one third of the trustees, being those who have been longest in office since their last appointment or reappointment, to retire from office at the annual meeting when the accounts are adopted.

On retirement from their first term of office, a trustee can immediately be reappointed for a second term. Following a second term a trustee generally must take a year’s break from office, although provisions are in place for a third consecutive term up to a maximum of three years at which point a trustee must retire from the Board, unless a Special Resolution of the members of the charity allows for a further year.

During 2022/2023 work will be undertaken to recruit new trustees to commence in 2023 and 2024 when several long-standing trustees will reach the end of their terms. New trustees will be offered the opportunity to attend the Board on an informal basis as an observer before taking up their posts.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

Trustee induction and training

The current trustees have a good knowledge and understanding of the charity, its flagship programme, and their responsibilities as trustees. Induction processes for new trustees have been developed to include background information on the charity, its strategy, aims, and governance arrangements as well as opportunities to meet key staff members, trainees on the programme and members of the Service Users and Carers Reference Group who work closely with staff to deliver the charity’s aims.

Wider training for all trustees is also accessed to address any knowledge and skill gaps as well as to take forward particular areas of interest, such as around equality, diversity and inclusion.

Related parties and relationships with other organisations

There were no related parties or relationships with other organisations during the year.

Remuneration policy for key management personnel

The trustees consider that the senior leadership team as detailed on page 3 comprises the key management personnel of the charity. The trustees decide the reward strategy and annual remuneration for the CEO whilst the pay for the remainder of the senior leadership team is delegated to the CEO. The charity’s remuneration policy allocates a salary range to each position, which is based on external benchmarking.

A pay review was undertaken in 2021 which established new bandings for all roles below the CEO and pay increase policy for all roles. These new bandings reflect the skills, responsibilities and experience required for roles within those bandings. This year, as in previous years, the salary review and any pay increases for the CEO and key management personnel were in line with the policy for all staff at the charity. The senior leadership team plans to further review the salary bandings against market benchmarks in 2024.

Principal risks and uncertainties

Trustees have overall responsibility for risk management and in line with their policy maintain a risk register. However, the trustees also recognise that for the risks to be identified and managed successfully there needs to be shared accountability throughout the organisation.

Risks are considered at a strategic, programme and operational level, with the nature of the risk noted on the register along with an assessment of its likelihood and potential impact. The senior leadership team conducts a comprehensive audit of risks facing the charity on a quarterly basis and supports the Board to do the same. Dependent on the nature of the risk, its management will consist of either measures put in place to mitigate against the risk or, where an external risk is outside of the charity’s control, a response plan.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

The main strategic risks to the charity are:

The main programme risks to the charity are:

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

The main operational risk to the charity is:

Fundraising

The charity does not engage in public fundraising. The charity nevertheless observes and complies with the relevant fundraising regulations and codes. During the year there were no compliance issues arising from the regulations and codes, and the trustees received no complaints relating to its fundraising practice.

Financial Performance

Income

Think Ahead had income of £8.9 million for the year (2022: £8.8 million) from the Department of Health and Social Care (DHSC) to operate the Think Ahead programme as detailed in note three to the accounts. This funding was a combination of grant and contract funding, the grant funding being the final year of the 2020 cohort. A further £20k of income (2022: £120k) was received for a number of small consultancy projects.

Expenditure

Overall expenditure was £8.8 million during the year (2022: £8.0 million). These costs relate to the delivery of the programme.

The costs of recruiting trainees and delivering training to them accounted for 91% of total expenditure (2022: 93%). Indirect costs amounted to 9% of total expenditure compared to 7% in the previous year. Some of this increase reflected the emergence from COVID restrictions, in that premises costs represented a full year of a fixed head office space, and a return to in person delivery, resulting in higher travel costs. Indirect costs also reflected an additional staff member in the Finance team, trustee recruitment costs and CEO recruitment costs.

The charity’s direct training programme itself cost £7.2 million (2022: £6.6 million) equating to 81% (2022: 83%) of the charitable expenditure. These costs included payment to partners supplying academic tuition and workplace training facilities, as well as bursary payments to trainees on the programme. Contained within the bursary costs were the committed liabilities of £0.9 million to September 2023 (2022: £0.9 million to September 2022), which is the end of Year One for the 2022 Cohort, and these are accrued within the creditor balance at the year end. The intensive training approach required a robust recruitment process, and the direct

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

costs of these recruiting activities totaled £0.9 million (2022: £0.8 million), 10% (2022: 10%) of the total expenditure.

Spend on the grant element of the DHSC funding was £0.5m which resulted in an unspent proportion of the DHSC grant of £28k (2022: £0.2 million). Under the terms of the restricted grant any underspend of the annual grant allowance is due to be returned to DHSC. As a result, a balance of £28k (2022: £0.2 million) will be returned to the DHSC and this element of the underspend is included within the year-end creditor balances. This is the last year of the grant funding, and a new approach to underspends on contract income is being negotiated with DHSC for 2024 and 2025 contract extensions.

At the report end date, the restricted funds are fully expended (2022: carried forward funds of £8k) and the unrestricted funds stand at £1.04 million (2022: £935k).

All operating surplus will be held in reserve or reinvested in delivering Think Ahead’s operational objectives including the expansion of educational training to support the wider mental health workforce, as agreed with DHSC.

Reserves policy

In considering the reserves requirements, trustees considered the nature of the charity’s aims and its business model to deliver these.

The trustees have determined that, in order to cover any future costs not included in the existing contract, such as an orderly wind down if required, a range of unrestricted reserves should be held. This range should be between £350,000 and £550,000 and is reviewed annually.

The current unrestricted reserves stand at £1,044,785- (2022: £934,956). The reserves are higher than the range and are to be used to support investment in the development and improvement of the core programme and development of strategic plans to extend and expand the work of Think Ahead related to the wider mental health workforce.

Going concern

In July 2020 Think Ahead signed a contract with DHSC for funding covering the 2021 and 2022 cohorts with an option to extend to cover the 2023 cohort. DHSC have confirmed the extension for the 2023 cohort. This contract gives Think Ahead funding to cover the cost of these cohorts during financial years of 2020-2021 to 2025-2026. Trustees consider that with this contract that the charity has sufficient income and liquidity to cover a period of at least 12 months from the date of approving the accounts and that the charity is, therefore, a going concern. A further contract extension for the 2024 and 2025 cohorts has been agreed.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Trustees’ annual report

Statement of trustees’ responsibilities

The trustees (who are also directors of The Think Ahead Organisation for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are

required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Independent auditor’s report

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was twelve (2022: eleven). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

The Trustees’ Annual Report has been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

The Trustees’ Annual Report has been approved by the trustees on 9 November 2023 and signed on their behalf by:

Professor Dame Carol Black

Chair of Think Ahead

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Independent auditor’s report

Independent auditor’s report

Opinion

We have audited the financial statements of Think Ahead (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the 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 for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Think Ahead’s ability to continue as a going concern for a period of at least twelve months

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Independent auditor’s 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 within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether 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.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Independent auditor’s report

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, 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 intend 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

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

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 are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Independent auditor’s report

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.

A further description of our responsibilities is available 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 members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pitman

(Senior statutory auditor) 24 November 2023

for and on behalf of

Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

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Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Statement of Financial Activities (incorporating an income and expenditure account) For the year ended 31 March 2023

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23

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Balance Sheet As at 31 March 2023

Company number: 10015893

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24

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Statement of cash flows For the year ending 31 March 2023

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25

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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'(* C017;7814;7-72D:A674 X,-$2$.-&6,&:(,).&/$5)&6,&)$76.3-&3.&3,15()$)&8/$,&2$1$39045$&0,)&-/$&0+6(,-&10,&4$&+$0.(2$)&2$53045%&4%&-/$&1/023-%c&-/3.&3.&,62+055%&(76,&,6-3:310-36,&6:&-/$&3,-$2$.-&703)&62&70%045$&4%&-/$& 40,@=

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01-393-%=&&B.&7$2&;6-$&<=^&0469$&)(23,&-/$&72$936(.&%$02&-/$&V2620++$&4$10+$&702-5%&Y:62&-/$&!"!<I&!"!!&0,)&!"!G&Q6/62-.Z&69$2,$)&4%&0&7261(2$+$,-&16,-201-I&0,)&3,&-/$&1(22$,-&%$02&-/$& V2620++$&4$10+$&723+0235%&:(,)$)&4%&-/$&Q6,-201-=&?/6.$&$5$+$,-.&6:&-/$&V26*20++$&02$&2$762-$)&0.&F,2$.-231-$)&01-393-%=

B.&$A7503,$)&3,&-/$&0469$&.$1-36,&6,&J$.-231-$)&:(,).&F,2$.-231-$)&:(,).&3,15()$.&-/6.$&$5$+$,-.&6:&-/$&?/3,@&B/$0)&V2620++$&8/31/&02$&69$2,$)&4%&0&7261(2$+$,-&16,-201-&83-/&\KUQ=&&

?/$2$:62$&3,16+$&0,)&$A7$,)3-(2$&2$50-3,&-6&-/$&!"!<&0,)&!"!!&Q6/62-&02$&)$05-&83-/&0.&F,2$.-231-$)&01-393-%=&B5.6&3,15()$)&02$&)6,0-36,.&0,)&6-/$2&3,16+3,&2$.6(21$.&2$1$39$)&62&

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26

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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X,)32$1-&.-0::&0,)&.(7762-&16.-.&02$&-/$&16.-.&6:&69$2055&)32$1-36,&0,)&0)+3,3.-20-36,&6:&$01/&01-393-%I&16+723.3,&-/$&.0502%&0,)&69$2/$0)&16.-.&6:&-/$&1$,-205&0,)&69$2,0,1$&:(,1-36,.=&?/$.$& /09$&4$$,&2$.7$1-39$5%&07762-36,$)&0-&!"d&-6&2$12(3-+$,-&0,)&H"d&-6&726*20++$&6,&-/$&40.3.&6:&-3+$&.7$,-=&?/3.&07762-36,+$,-&3.&07753$)&3,&-/$&568$2&.$1-36,&6:&;6-$&^=

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E/$2$&:3A$)&0..$-.&/09$&4$$,&2$905($)I&0,%&$A1$..&4$-8$$,&-/$&2$905($)&0+6(,-&0,)&-/$&/3.-6231&16.-&6:&-/$&0..$-&8355&4$&./68,&0.&0&2$905(0-36,&2$.$29$&3,&-/$&4050,1$&./$$-=

\$72$130-36,&3.&72693)$)&0-&20-$.&1051(50-$)&-6&823-$&)68,&-/$&16.-&6:&$01/&0..$-&-6&3-.&$.-3+0-$)&2$.3)(05&905($&69$2&3-.&$A7$1-$)&(.$:(5&53:$=&?/$&)$72$130-36,&20-$.&3,&(.$&02$&0.&:65568.T

P$0.$/65)&7267$2-%&M&-$,0,-[.&3+7269$+$,-. G&%$02.

27

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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28

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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29

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30

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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31

Annual Report and Financial Statements for the year ended 31 March 2023

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32

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33

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34

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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35

Annual Report and Financial Statements for the year ended 31 March 2023

The Think Ahead Organisation Notes to the financial statements For the year ending 31 March 2023

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36

Annual Report and Financial Statements for the year ended 31 March 2023

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