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2022-03-31-accounts

Causeway Education Ltd

Report and Financial Statements for the year ended 31 March 2022

Company Number England 09239703 Charity Number England and Wales 1175109

Charity Number Scotland SCO48038

Contents

2021-2022 Highlights ........................................................................................................................................... 5 Company information ......................................................................................................................................... 6 Trustees ........................................................................................................................................................... 6 Registered office .............................................................................................................................................. 6 Independent Examiners .................................................................................................................................. 6 Bank ................................................................................................................................................................. 6 Directors and key personnel............................................................................................................................ 6 Trustees’ report ................................................................................................................................................... 7 Our mission ...................................................................................................................................................... 7 Public benefit statement ................................................................................................................................. 7 Our values ........................................................................................................................................................ 8 Our key programmes ....................................................................................................................................... 9 Training, research and consultancy ............................................................................................................. 9 Student workshops and mentoring ............................................................................................................. 9 Resources .................................................................................................................................................. 10 Key achievements in the year ....................................................................................................................... 10 Training, research and consultancy ........................................................................................................... 10 Student workshops and mentoring ........................................................................................................... 10 Resources .................................................................................................................................................. 11 Impact highlights from FY 2021-2022 ....................................................................................................... 11 Reach for financial year 2021-22 ............................................................................................................... 13 How we are funded ....................................................................................................................................... 14 Future strategic plans .................................................................................................................................... 14 How we manage our affairs .............................................................................................................................. 15 Trustees ......................................................................................................................................................... 15 Appointment of Trustees .......................................................................................................................... 15 Trustee induction and training .................................................................................................................. 15 Trustee decision making ................................................................................................................................ 15 Pay policy ................................................................................................................................................... 15 Trustee responsibilities ............................................................................................................................. 16 Compliance information ................................................................................................................................ 16 Data protection ......................................................................................................................................... 16 Fundraising ................................................................................................................................................ 16 Whistleblowing policy ............................................................................................................................... 17 Child safeguarding ..................................................................................................................................... 17

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Equal opportunities ................................................................................................................................... 17 Anti-bribery, anti-corruption and anti-fraud policies ................................................................................ 17 Independent Examiner .............................................................................................................................. 17 Financial review ................................................................................................................................................. 18 Risks & uncertainties ..................................................................................................................................... 18 Reserves and reserves policy ......................................................................................................................... 18 Going concern................................................................................................................................................ 19 Independent examiner’s report to the members of Causeway Education ....................................................... 20 Causeway Education Statement of financial activities ...................................................................................... 21 For the year ended 31 March 2022 ........................................................................................................... 21 Causeway Education Statement of financial position ....................................................................................... 22 As at 31 March 2022 .................................................................................................................................. 22 Causeway Education Statement of cash flows ................................................................................................. 23 For the year end 31 March 2022 ............................................................................................................... 23 Notes to the accounts ....................................................................................................................................... 24 1. Accounting policies ................................................................................................................................ 24 1.1 Going concern ...................................................................................................................................... 24 1.2 Public benefit entity ............................................................................................................................ 24 1.3 Incoming resources and funds............................................................................................................. 24 1.4 Support costs ....................................................................................................................................... 24 1.5 Fixed assets .......................................................................................................................................... 25 1.6 Corporation Tax ................................................................................................................................... 25 1.9 Operating lease .................................................................................................................................... 25 1.10 Fund accounting ................................................................................................................................ 25 1.11 Expenditure and irrecoverable VAT................................................................................................... 25 1.12 Debtors .............................................................................................................................................. 26 1.13 Cash at bank and in hand .................................................................................................................. 26 1.14 Creditors ............................................................................................................................................ 26 2 Statutory information and status of the charity..................................................................................... 26 4 Programme costs .................................................................................................................................... 27 5 Support and general costs ...................................................................................................................... 28 6 Governance Costs ................................................................................................................................... 28 7 Employee information ............................................................................................................................ 29 8 Debtors ................................................................................................................................................... 30 9 Creditors ................................................................................................................................................. 30 10 Analysis of the fund position: unrestricted funds (Current year)......................................................... 30 10b. Analysis of the fund position: unrestricted funds (Prior year) .......................................................... 31 11 Analysis of the funds position: restricted funds (Current year) ........................................................... 31

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11b. Analysis of the funds position: restricted funds (Prior year) ............................................................. 31 12 Analysis of net assets (Current year) .................................................................................................... 32 12.b Analysis of net assets (Previous year) ............................................................................................... 32 13 Pension obligations............................................................................................................................... 32 14 Related party transactions ................................................................................................................... 32 15 Reconciliation of net income / (expenditure) to net cash flow from operating activities ................... 33 17 Operating lease commitments ............................................................................................................. 33 18 Share capital ......................................................................................................................................... 33

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2021-2022 Highlights

Supporting young people to overcome barriers in accessing higher education and apprenticeships

OUR SUPPORT IS HIGH-QUALITY AND PRACTICAL

In the past year we have

Delivered high quality workshops to 2195 professionals

(2021: 2096)

Improved progression to universities for our students[1]

83% of our Application Mentoring participants applied to a higher tariff university, compared to 53% in a matched comparison group

WE ARE COLLABERATIVE AND EVIDENCE-LED

We piloted the first ever Post-Graduate Certificate in Access, Outreach and Social Mobility with Aspire to HE and the University of Wolverhampton. This supported professionals across the country to develop evidenceled approaches to tackling barriers to social mobility in education.

We worked with Allen & Overy to launch a new digital component to their Smart Start work experience programme. Feedback from participants showed that 90% of students reported feeling better prepared to carry out experience in the workplace as a result of taking part in the Smart Skills cours e .

Further information on our impact and achievements can be found on pages 7-11.

We exist to make sure that progression is not determined by privilege

1 This information has been derived from the Universities and Colleges Admissions Service STROBE analytical data service.

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Company information

Trustees

Registered office

Causeway Education Second Floor 168 Shoreditch High Street London E1 6RA

Independent Examiners

S M Robinson Kreston Reeves Second Floor 168 Shoreditch High Street London E1 6RA

Bank

Unity Trust Bank 4 Brindley Place Birmingham B1 2JB

Directors and key personnel

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Trustees’ report

Our mission

Supporting young people to overcome barriers in accessing higher education and apprenticeships.

We exist to make sure that progression is not determined by privilege.

With the right support in exploration, choices and applications, all young people can find and realise their ambition. In our unequal society, some young people face far greater challenges than others in accessing higher education. Dedicated teachers, advisors and outreach professionals work tirelessly on redressing these inequalities. We are there for all those confronting these barriers, helping to bring about:

1. Expert support

We give teachers the skills and resources they need to ensure all their students can navigate HE applications effectively.

2. Transformational outreach

We help universities, charities and corporates to develop initiatives which inspire and equip participants to take their next steps.

3. Outstanding applications

We support students directly, providing impactful workshops and mentoring to help them successfully clear the hurdles of a complex application process.

Public benefit statement

The only objects for which the Charity is established are for the public benefit to promote the education of people under the age of 25 in the UK in particular but not exclusively by increasing the chances of students accessing higher education, further training, apprenticeships and careers.

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Our values

Our work is:

1. High-quality

Our impact is greatest when the quality of our work is highest.

2. Collaborative

3. Practical

Take-up of our support is greatest when it is easy to implement.

4. Evidence-led

The best solutions build on the greatest accumulation of insights

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Our key programmes

Our work at Causeway falls into three main strands:

1. Training, research and consultancy for teachers and outreach professionals at universities, charities and corporates

2. Workshops and mentoring for students

3. Practical resources

Our key programmes in each of these areas are outlined below.

Training, research and consultancy

Post-Graduate Certificate in Access, Outreach and Social Mobility

We collaborated with Aspire to HE and the University of Wolverhampton to deliver the first ever PostGraduate Certificate in Access, Outreach and Social Mobility. This supports professionals across the sector to develop evidence-led approaches to tackling barriers to social mobility in education.

Sutton Trust Teacher Champions

The Sutton Trust Teacher Champions Programme supports schools and 6th form colleges to increase progression to competitive HE courses through an annual series of best-practice webinars. These focus on enhancing ongoing systems of support for students and have been distilled from analysis of relevant research, as well as Causeway’s extensive experience in this area.

Supported Mentoring

With the shift to online provision in response to the COVID-19 Pandemic, we adapted our mentoring platform to enable other organisations to use it for their own programmes. We now support a range of universities and other organisations to deliver online mentoring through our platform. Causeway provides training and oversight of mentors (usually student ambassadors or Widening Participation staff members) as well as technical support.

Student workshops and mentoring

Application Mentoring

Our Application Mentoring supports students through the admissions process to Higher Education, particularly in the last, most decisive stages. Students follow subject-specific pathways developed by academics and teachers and get support from an expert mentor trained in applications. We deliver the programme for a number of partners, including the Sutton Trust, University College London, and Wadham College, Oxford.

Offer-holder mentoring

A growing strand of our work is supporting university offer-holders in their final year of school/college, before they transition to university. We have piloted this with Lucy Cavendish College, Cambridge. Year 13 students were given regular academic tutorials online to help them excel in their current studies and prepare for the academic level required at university. They also benefitted from meeting their future classmates in these tutorials and developing a sense of cohort before the start of term.

Pathways to Law

We deliver part of the Sutton Trust’s Pathways to Law programme, providing support to students on personal statements and the LNAT.

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Smart Start

We deliver elements of the Allen & Overy Smart Start Programme. This includes managing recruitment, and the design and delivery of the Smart Start week.

Access Ashurst

We deliver workshops on personal statements and the LNAT as part of the Access Ashurst work experience scheme.

Resources

OSCAR

OSCAR (Online System for Completing Applications & References) is our online platform which has been designed with outstanding university applications in mind. OSCAR supports students to develop competitive, subject-focused personal statements and teachers to produce effective references. It allows students to submit drafts of their personal statement for review and teachers or mentors to submit line-by-line feedback and comments. OSCAR is a free tool available to all state schools in the UK. This year we have developed specific apprenticeship tools on the platform to support applicants to higher and degree apprenticeships.

Key achievements in the year

Training, research and consultancy

Sutton Trust Teacher Champions

For the second year, we successfully deliver the programme as a national online scheme. In collaboration with the Sutton Trust we achieved:

Student workshops and mentoring

Smart Start

We worked with Allen & Overy to redesign their Smart Start work experience scheme to include a two-week e-learning course for successful and unsuccessful applicants. Delivered via the online learning platform Future Learn the Smart Skills course included video messages from A&O staff and introduced students to the 8 Skill Builder Essential Skills. The virtual Smart Start work experience week was redesigned and delivered virtually for the second time.

Sutton Trust Online

We delivered a series of 44 live webinars on personal statements, admissions tests and interviews to 1658 students on the Sutton Trust Online platform.

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Offer-holder support

In 2021 we worked with Lucy Cavendish College, Cambridge to deliver our offer-holder mentoring pilot to Year 13 offer-holders in their final year of school/college. Students were given regular academic tutorials online to help them excel in their current studies and prepare for the academic level required at university. They also benefitted from meeting their future classmates in these tutorials and developing a sense of cohort before the start of term.

We also designed and delivered offer-holder support programmes for the University of Bristol and Cardiff University. Both programmes consisted of a series of webinars covering topics such as ‘Planning your first week’, ‘Making the most of your first term’, ‘’Healthy Living’, ‘Successful social life’ and ‘Independent research skills’.

Resources

Sutton Trust Online – Taster Videos

We produced a series of short taster videos to be hosted on the Sutton Trust Online platform. The videos were designed to give students a taste of Causeway’s key messages around personal statements, admissions tests and interviews.

Advancing Access - Modules

We produced content to be used in resources on the Advancing Access website. The content was on the theme of creating cultures of success within schools and colleges with respect to access to competitive universities. The project involved sourcing case studies of best practice from staff in schools and colleges, creating seven self-contained learning modules and producing video content for these, devising an evaluation approach to gauge the impact of the material on its audience and promoting the competed material to a network of over 100 schools and colleges.

Impact highlights from FY 2021-2022

Application Mentoring

Our evaluation of Application Mentoring demonstrated that the programme continues to make an impact on outcomes of participating young people:

92% of our 2020-21 cohort rated the feedback and guidance that they received as helpful or very helpful, and 94% felt confident that they’d written a high-quality personal statement.

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mentor gave me tips on how to write a personal statement for a competitive course at competitive unis.”

Smart Start

90% of students reported feeling better prepared to carry out experience in the workplace as a result of taking part in the Smart Skills course.

OSCAR for schools

In 2021-22 we reached 1214 education professionals and 5,372 students through the OSCAR for Free initiative, when we reached out to state-maintained schools to offer the chance of using the platform for free.

Lucy Cavendish Offer-holder mentoring

In 2021, the overall success rate for students enrolled on the programme was 85%.

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Reach for financial year 2021-22

----- Start of picture text -----
Schools direct Professionals Students direct Professionals Students
reach direct reach reach indirect reach indirect reach
Application mentoring – UCL 0 0 35 0 0
Sutton Trust Summer School
Application mentoring – UCL 0 0 73 0 0
Summer School
Application mentoring – UCL 0 0 12 0 0
Building Futures
Application mentoring – 0 0 112 0 0
Wadham
Application mentoring – STSS 0 0 611 0 0
Application mentoring – 0 0 6 0 0
Computer Science
Sutton Trust Online 0 0 1658 0 0
A&O Smart Start 0 0 464 0 0
Sutton Trust Teacher 0 550 0 0 60,000
Champions
Lucy Cavendish offer holder 0 0 27
mentoring
OSCAR for Schools 68 1214 5372 0 0
Events and small projects 7 431 1876 0 0
Grand Total 75 2,195 10,246 0 60,000
----- End of picture text -----

Notes:

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How we are funded

Causeway’s funding comes from a large range of partners. Our largest single funder is The Sutton Trust, funding various programmes. These included Access Champions, Teacher Champions, Application Mentoring, and the Online digital platform tool.

----- Start of picture text -----
Universities
30.9%
Statutory
13.0%
Trusts and Private Sector
Foundations 17.8%
36.2%
Other
2.1%
----- End of picture text -----

Future strategic plans

For the last few years, we have been involved in delivering large programmes for various NCOP (now UniConnect) consortia. We increased our organisational capacity in line with this work, and have now streamlined our capacity as these programmes have drawn to a close. As part of this, the balance of our portfolio of work has shifted from a small number of large programmes, to a larger number of medium-sized projects.

Our key focus remains the achievement of systemic change in schools and colleges. We want to develop and embed better systems of support for students so that both current and future cohorts can overcome barriers to accessing Higher Education. We are in the second stage of a five-year plan to refine our operations by using a new school/college-based metric to target our work and maximise our impact. This involves the following stages:

Stage 1 (FYs 2020-21 and 2021-22)

During this stage we will research, develop and implement a new impact metric based on school/college-level progression data to post-18 destinations. We will also evaluate our current programme offering in terms of its effectiveness at delivering systemic change within schools/colleges, using this to refine and extend our programmes where necessary.

Stage 2 (FYs 2022-23, 2023-24 and 2024-25)

During this stage we will seek funding for, and carry out, an evidenced-based scaling up of our programmes. Through this, we aim to deliver systemic change across the schools and colleges serving young people who face the greatest barriers in accessing Higher Education.

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How we manage our affairs

Trustees

Causeway Education is a charitable company limited by shares, incorporated on 29 September 2014 and registered as a charity in England and Wales on 11 October 2017 and in Scotland on 9 January 2018.

The company was established under a memorandum of association detailing its objects and powers and is governed under its articles of association by a Board of Trustees.

The Board’s work incudes critical analysis of the strategic plans and agreeing our financial plan. The Board acts on advice and information from regular meetings with the Senior Management Team. They are also responsible for management of the Chief Executive Officer.

All our trustees give their time voluntarily and receive no benefits from the organisation. Any expenses reclaimed from the charity are set out in note 6 to the accounts.

In 2021-22 the Board had four meetings. Each meeting has a set agenda that usually involves, but not limited to, reviewing Charity performance, strategy, policy and the organisations risks and mitigating actions.

Appointment of Trustees

The appointment of trustees is governed by our Articles of Association. Our trustees are also directors of Causeway Education for the purposes of company law.

Trustee induction and training

We make new trustees aware of their legal obligations under charity law and company law. Our induction programme for new trustees includes an overview of our decision-making processes, our strategic aims, and our recent performance. As part of our safer recruitment processes we ensure trustees have an enhanced DBS, provide two references and take online safeguarding training. Trustees are invited to see our programme delivery in action. We involve trustees in specific pieces of work depending on their interests and expertise. They are also invited to specific Trustee related training courses run by external suppliers.

Trustee decision making

Pay policy

Our trustees are responsible for the annual salary review for staff in the organisation on recommendation of the Senior Management Team, at which pay is normally increased in line with annual inflation (RPI). Trustees review and approve appointment salaries and salary increases for senior staff; appointment salaries and salary increases for junior staff are reviewed and approved by the senior management team. Recruitment panels for senior management must include at least one trustee

A new formal pay policy is due to be implemented in the coming financial year that will look at the pay of individual roles as well as the individuals within the roles to ensure fairness, transparency and stability across the organisation.

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Trustee responsibilities

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

Company law requires our 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:

Our 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 United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Shareholders of the charity will lose their shares in the event of the charity winding up. The total number of such guarantees at 31 March 2022 was 7 (2021: 8). The trustees are shareholders of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity and this is monitored by each board member completing their declarations of interest.

Compliance information

Data protection

Our policies and procedures are robust and we meet the General Data Protection Regulation, in effect from May 25 2018. We are registered with the Information Commissioner’s Office.

Fundraising

We comply with all relevant statutory regulations and with a range of codes of practice and standards. We are members of the Institute of Fundraising and are registered with the Fundraising Regulator. We are committed to best practice and to responding to and learning from any complaints we receive; our complaints procedure is published on our website. Our fundraising promise, also published on our website, is to

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We do not use volunteers to fundraise, and we do not fundraise from members of the public.

Whistleblowing policy

Our whistleblowing policy protects anyone who discloses concerns from discrimination.

Child safeguarding

All staff, volunteers, contractors, and third-party organisations with whom we partner are bound by our Child Safeguarding policy and procedures. All staff, contractors and volunteers are required to complete child safeguarding training as part of their induction. We publish our Child Safeguarding Policy on our website and have a dedicated e-mail address to which concerns can be reported.

Equal opportunities

We are committed to the principle and practice of equal opportunities in employment, recruitment, and programme delivery.

Anti-bribery, anti-corruption and anti-fraud policies

Our Anti-Bribery and Anti-Corruption policy and our Anti-Fraud policy and related procedures ensure that we have controls and processes designed to prevent and detect fraud and dishonesty. We investigate any allegations that arise and take appropriate action where needed.

Independent Examiner

Susan Robinson of Kreston Reeves LLP was appointed as the charitable company's independent examiner during the year and has expressed her willingness to continue in that capacity.

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Financial review

This year, the charity has further consolidated its transition from a larger organisation delivering significant Uni Connect funded programmes, to a smaller organisation focused on medium-sized projects. Costs have again reduced significantly which, accompanied by a healthy increase in revenue, means the charity has now returned to a surplus. During 2021-22, we saw an increase in bookings across all our areas of activity. This included the more strategic areas of resource development and training, which had reduced significantly during the pandemic. Already in 2022-23 we have seen this trend continue and, as a result, the charity anticipates maintaining this surplus in this coming financial year.

Income has increased from £483k to £702k, a 45% increase. The proportion of our total income which comes from The Sutton Trust reduced from 64% to 34%, and the proportion of our income which comes from Allen and Overy reduced from 25% to 15%.

Other programmes run by Causeway Education account for 50% of the charity’s total income.

Expenditure has decreased by a further 14%, from £647k to £559K.

Risks & uncertainties

Our trustees are responsible for ensuring proper risk management processes are in place. A formal risk register has been formulated and agreed, and trustees discuss risks and uncertainties at each trustee meeting.

The trustees consider that the most significant risks facing the charity are:

Reserves and reserves policy

Reserves have increased by 193 % to £218k, (2021: £75k). The total funds of the charity, excluding the share capital, have been classified as either Unrestricted or Restricted funds.

All unrestricted funds are free reserves to be used at the trustees’ discretion to take advantage of opportunities or to mitigate against negative financial impact of unforeseen events. As at the end of the financial year, these stood at £66k, (2021: -£28k).

Restricted funds, which are not available for general purpose, have increased to £152k, (2021: £102k). Further details of the restricted funds can be found in note 11.

The charity has no investments or tangible fixed assets.

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The reserve policy of the charity is to maintain available funds above a level equal to three months of overheads, with cash flow forecasts being monitored regularly. If within three months the available funds are due to fall below this safe level, an extraordinary meeting of the Trustees is called to decide if any immediate actions are required.

Going concern

The Charity has £218k in reserve and with plans to turn a comfortable surplus in the coming year.

The trustees’ annual report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 7/12/2022 and signed on their behalf by

Iain Littlejohn

Causeway Education – Chair of Trustees

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Independent examiner’s report to the members of Causeway Education

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 19 to 31.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’)

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

S M Robinson BA FCA FCIE DChA MCMI

Kreston Reeves LLP

Chartered Accountants Second Floor 168 Shoreditch High Street London E1 6RA

Date: 12th December 2022

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Causeway Education Statement of financial activities

For the year ended 31 March 2022

Unrestricted
Funds
Restricted
Funds
2022
2022		 Total
Funds		 Unrestricted
Funds 2021
Restricted
Funds 2021
as restated
as restated		 Total
Funds
2022 2021
Notes
£
£
Income from charitable activities:
Resources
3
144,386
Training, Research and Consultancy
3
90,878
14,617
Student Delivery
3
170,356
281,381
Other Income
3
792		 £ £
£
92,661
-
36,822
33,000
135,995
183,815
703
-		 £
144,386 92,661
105,495 69,822
451,737 319,810
792 703
Total Incoming Resources
406,412
295,998		 702,410 266,181
216,815		 482,996
Expenditure from:
Direct Programme Costs
4
(25,437)
(84,075)
Staffing Costs
4
(200,778)
(132,761)
Other Costs
5
(31,212)
(29,404)		 (34,885)
(57,836)
(282,791)
(187,083)
(40,401)
(32,895)
(109,511) (92,721)
(333,539) (469,874)
(60,616) (73,296)
Total cost of charitable activities
(257,427)
(246,240)		 (503,667) (358,076)
(277,814)		 (635,891)
Raising Funds:
Research Costs
5
(5,110)
Fundraising activities
5
(50,196)		 (11,560)
-
-
(5,110) (11,560)
(50,196) -
Total Resources Expended
(312,733)
(246,240)		 (558,973) (369,637)
(277,814)		 (647,451)
Net Income for the year
6
93,679
49,758
Transfers between funds		 143,438 (103,456)
(60,999)
(14,940)
14,940		 (164,455)
- -
Net Movement in Funds
93,679
49,758		 143,438 (118,396)
(46,059)		 (164,455)
Reconciliation of funds:
Total funds brought forward
(27,921)
102,483		 90,476
148,542
74,562 239,018
Total funds carried forward
65,758
152,241		 217,999 (27,920)
102,483		 74,562

The statement of financial activities includes all gains and losses recognised in the year.

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Causeway Education Statement of financial position

As at 31 March 2022

Notes
Current Assets
Debtors
8
Fixed Assets
Cash at bank and in hand
15
Creditors: Amounts falling due with one year
9
Net Assets
Unrestricted Funds
10
Restricted Funds
11
Share Capital
18
Total Funds		 2022
£
84,670
0
228,326
312,997
(94,987)
218,009
65,758
152,241
10
218,009		 2021
£
83,306
0
70,666
153,972
(79,400)
74,572
(27,921)
102,483
10
74,572

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the trustees on ………… and signed on their behalf by7/12/22 Iain Littlejohn

Company registered number: 09239703

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Causeway Education Statement of cash flows

For the year end 31 March 2022

Notes
Net cash used in operating activities
14
Movement in Fixed Asset
Change in cash and cash equivalents
Cash brought forward
Cash carried forward
15		 2022
£
157,660
0
157,660
70,666
228,326		 2021
£
(63,545)
0
(63,545)
134,211
70,666

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Notes to the accounts

1. Accounting policies

These accounts have been prepared in accordance with “Accounting and Reporting by Charities” 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), effective 1[st] January 2019. The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The charitable company’s accounts are prepared in British Sterling and rounded to the nearest Pound.

1.1 Going concern

At the time of approving the accounts, the trustees believe that Causeway Education has adequate recourses to continue trade into the foreseeable future. These accounts have therefore been prepared on a going concern basis. The trustees have reviewed the accounts, funding and liquidity of the charity and agree that there are no material uncertainties that prevent it operating.

1.2 Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

1.3 Incoming resources and funds

All income in the accounts is recognised if the charity has entitlement to the funds; it is probable that the income will be received; and the amount can be measured reliably.

Income is assessed as either unrestricted- and can be used at the discretion of the trustees to further the charitable objectives-or restricted-and subject to specific conditions by funders as to how it is used. Expenditure attributable to these resources is charged to the funds.

Income should be recognised in year received or receivables, whichever is earlier, unless funder specifies for future financial period, in which case it is deferred.

1.4 Support costs

Support costs are those functions that assist the work of the charity but do not directly influence charitable objectives. These may include but are not limited to finance, office costs, payroll and governance. Agreements with funders mostly have a support cost allocation included and therefore these accounts include this allocation where applicable and charged to the appropriate fund.

Most of the employees of the charity can and have been allocated to the programme that they predominately support.

Remaining support costs are re-allocated to each of charitable activities based on the size of the corresponding activity.

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1.5 Fixed assets

It is the policy of the charity that any assets purchased over the value of £5,000 will be capitalised.

As at 31 March 2022, there have been no assets purchased over £5,000 and therefore currently the Charity has no fixed assets.

1.6 Corporation Tax

Causeway Education became a charity in October 2017. The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.7 Financial Instruments Policy

The charitable company only has financial assets and 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.

1.8 Pension Policy

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

1.9 Operating lease

Rental charges are charged on a straight-line basis over the term of the lease.

1.10 Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

1.11 Expenditure and irrecoverable VAT

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

Expenditure is recognised on an accruals basis as a liability incurred, including any VAT which cannot be fully recovered.

Fundraising is the costs of raising funds related to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Expenditure on charitable activities includes the costs of delivering the Access Champions and other programmes undertaken to further the purposes of the charity and their associated support costs.

Research and Policy is the costs associated with evaluation of the work being done by the charity and to influence government policy to further the work of Causeway Education.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.12 Debtors

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

1.13 Cash at bank and in hand

Cash at bank and cash 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. Cash is also held by an outside company for the purposes of loading onto prepaid corporate cards to be used by employees for general expenses, these funds are also included.

1.14 Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

A doubtful debt provision has been made on a case-by-case basis depending upon the likelihood of receipt and age of debt.

2 Statutory information and status of the charity

Causeway Education is a registered charity limited by shares and is incorporated in England. Its registered office and principal place of business is Second Floor, 168 Shoreditch High Street, London E1 6RA

3 Income from charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds
Funds		 Funds Funds
2022 2022 2022
2021		 2021 2021
£ £ £
£		 £ £
Trusts and Foundations 52,637 201,741 254,378
42,611		 174,773 217,383
Universities 122,808 94,257 217,064
112,226		 37,042 149,268
Statutory 91,093 91,093
42,777		 42,777
Private Sector 124,845 124,845
57,892		 57,892
Schools and Colleges 8,000 8,000
1,058		 1,058
3rd Sector 6,237 6,237
9,413		 9,413
Other Income 792 792
5,205		 5,205
Bank Interest - -
- -
Total 406,413 295,997 702,410
266,181		 216,815 482,995

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4 Programme costs

Included within programme costs is restricted expenditure of £246,239, split between The Sutton Trust Summer Provision. Application Mentoring UCL and Sutton Trust Teacher Champion Programmes

Direct Programme Direct Programme
Costs
Staffing Freelancers Direct
Costs		 Support
Allocation		 Total
2022 2022 2022 2022 2022
Programme £ £ £ £ £
Sutton Trust Summer Provision (64,080) (60,109) (24,838) (149,026)
Application Mentoring UCL (42,686) (23,966) (13,330) (79,982)
Sutton Trust - Teacher Champions (14,359) (2,872) (17,231)
Other Programmes (23,270) (2,166) (231,991) (257,428)
Total (121,125) (107,345) (2,166) (273,031) (503,667)

The Charity received no benefits in kind for the Financial Year 2021 -22.

Programme costs (Prior Year)

Programme costs (Prior Year)
Staffing Freelancers Direct
Costs		 Support
Allocation		 Total
2021 2021 2021 2021 2021
Programme £ £ £ £ £
Access Champions (14,933) - (7) - (14,940)
Academic Apprenticeship (39,035) (11,625) (32) (6,901) (57,592)
Pathways to Law (32,390) (10,000) - (5,215) (47,605)
Pathways to Coding - - - - -
Teacher Champions (16,839) - - (3,368) (20,207)
Other Programmes (83,885) (64,993) - (346,669) (495,548)
Total (187,082) (86,618) (38) (362,153) (635,891)

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5 Support and general costs

5 Support and general costs
Staffing Other Total
Staffing		 Other Total
2022 2022 2022
2021		 2021 2021
Support and General Costs £ £ £
£		 £ £
Executive, Governance and Finance (79,781) (12,781) (92,562)
(185,744)		 (17,920) (203,664)
IT, Communication and Evaluation (31,129) (28,805) (59,934)
(26,309)		 (41,805) (68,114)
Overheads 3,917 3,917
27,594		 (14,865) 12,729
General Programme Costs (101,503) (22,947) (124,450)
(98,334)		 (4,770) (103,103)
Support Total (212,414) (60,616) (273,030)
(282,793)		 (79,360) (362,153)
Research & Policy (5,110) (5,110)
(11,559)		 - (11,559)
Fundraising activities (50,196) (50,196) - -
Grand Total (267,720) (60,616) (328,336)
(294,352)		 (79,360) (373,712)

6 Governance Costs

6 Governance Costs
Total Total
Stated after charging: 2022 2021
£ £
Independent Examination Fees (1,560) (1,500)
Trustees Expenses - -
Operating Lease on property (5,250) (9,600)

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7 Employee information

7 Employee information
Total
Total
2022
2021
Raising Funds 1
0
Charitable Activities 8
7
Support (Including Governance) 2
4
Average Employees 11
11
Staff Costs Including directors' remuneration Total
Total
2022
2021
£
£
Wages and Salaries (334,514)
(416,544)
Social Security (32,025)
(40,808)
Pension (22,306)
(24,083)
Total (388,845)
(481,434)

The total number of employees whose emoluments (salaries, wages and benefits in kind) fell within the following bands

Total
Total
2022
2021
£
£
£80,000 - £89,999 1
1
Total 1
1

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £98,674. (2021: £163,870). There were no redundancy costs in the year. (2021: £0) The charity trustees have not received any remuneration. There were no expenses paid to Trustees’ (2021: £0).

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8 Debtors

8 Debtors
Total
Total
2022
2021
£
£
Trade Debtors 72,913
79,593
Accrued Income 11,757
3,750
Other Debtors (suspense account) 0
(37)
Total 84,670
83,306

9 Creditors

9 Creditors
Total Total
2022 2021
£ £
Trade Creditors (1,306) (1,254)
Other Creditors (40,030) (12,983)
Deferred Income (21,151) (42,363)
Staff Expenses 0 0
Accruals (32,500) (22,800)
Total (94,987) (79,400)
Deferred Income Breakdown
Deferred Income Brought Forward (42,363)
Deferred Income Released in Year
69,157
Income Deferred in Year (47,945)
Total Deferred Income (21,151)

10 Analysis of the fund position: unrestricted funds (Current year)

Opening Income Expenditure Transfers Movement Closing
Balance in Year Balance
£ £ £ £ £ £
General Fund (27,921) 406,412 (312,733) - 93,679 65,758
Total (27,921) 406,412 (312,733) - 93,679 65,758

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10b. Analysis of the fund position: unrestricted funds (Prior year)

Opening
Income		 Expenditure Transfers Movement Closing
Balance in Year Balance
£
£		 £ £ £ £
General Fund 90,476
266,181		 (369,637) (14,940) (118,397) (27,921)
Total 90,476
266,181		 (369,637) (14,940) (118,397) (27,921)

11 Analysis of the funds position: restricted funds (Current year)

Opening
Income		 Expenditure Transfers Movement Closing
Balance in Year Balance
£ £ £ £ £ £
Academic Apprenticeship 2,687 - - 2,687
Pathways to Law 57,054 (57,054) (57,054) (0)
Teacher Summer Schools 16,496 (16,496) (16,496) 0
Application Mentoring UCL -
94,257		 (79,982) 14,275 14,275
Sutton Trust - Teacher
Champions		 26,246
14,617		 (17,231) 16,496 13,882 40,128
Sutton Trust - Summer Provision -
187,124		 (149,026) 57,054 95,151 95,151
Total 102,483
295,998		 (246,239) - 49,759 152,241

11b. Analysis of the funds position: restricted funds (Prior year)

Opening
Income		 Expenditure Transfers Movement Closing
Balance in Year Balance
£ £ £ £ £ £
Academic Apprenticeship 60,711
82,095		 (140,118) - (58,023) 2,687
Pathways to Coding 0
-		 - - - 0
Pathways to Law 74,379
30,280		 (47,605) - (17,325) 57,054
Teacher Summer Schools (0)
71,440		 (54,943) - 16,496 16,496
Access Champions - Sutton Trust -
-		 (14,940) 14,940 0 0
Access Champions - Scotland -
-		 - - - -
Teacher Champions - Sutton Trust 13,453
33,000		 (20,207) - 12,793 26,246
Innovate -
-		 - - - -
Total 148,543
216,815		 (277,814) 14,940 (46,059) 102,483

Purpose of Restricted Funds

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The purposes of the above funds are to provide monies to run each of the programmes. Each of the programmes have a separate agreement and run past 31 March 2022 into the new financial year and beyond. Further information on the purposes of the programmes can be found in the annual report on page 6.

All the restricted funds are linked to the charitable objectives of the organisation which is improving the life chances of children and young people in the UK by supporting them and their influencers through key educational transitions.

The balances of the Pathways to Law and Teacher Summer Schools funds were moved to become part of the current programmes, Sutton Trust – Teacher Champions and Sutton Trust – Summer Provision.

No restricted funds ran into deficit to 31 March 2022.

12 Analysis of net assets (Current year)

Unrestricted Fund Restricted Funds TOTAL
£ £ £
Cash at bank and in hand 76,085 152,241 228,326
Other net current assets /(liabilities) (10,317) (10,317)
Creditors of more than oneyear
TOTAL 65,768 152,241 218,009

12.b Analysis of net assets (Previous year)

Unrestricted Fund Unrestricted Fund Restricted Funds TOTAL
£ £ £
Cash at bank and in hand - 20,317 90,983 70,666
Other net current assets /(liabilities) (7,594) 11500 3,907
Creditors of more than oneyear
TOTAL (27,921) 102,483 74,572

13 Pension obligations

The Charity has a defined contribution pension scheme where both the employee and employer pay contributions every month in the employees’ pension.

The amount owed to the pension scheme was £14,242 (2021: £7,198). There are 9 employees enrolled on the pension scheme.

14 Related party transactions

The Charity had no related party transactions in the current year or prior year. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

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15 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Total
Total
2022
2021
£
£
Net income / (expenditure) for the reporting period 143,438
(164,456)
(Increase)/decrease in debtors (1,364)
66,005
Increase/(decrease) in creditors 15,587
34,904
Total 157,660
(63,546)

16 Analysis of cash and cash equivalents

Total Total
2022 2021
£ £
Cash at bank and in hand 227,823 66,211
Prepaid Cards 503 4,431
Petty Cash 0 24
Total 228,326 70,666

17 Operating lease commitments

17 Operating lease commitments
Property Property
2022 2021
£ £
Less than one year (5,250) (9,600)
Total (5,250) (9,600)

Causeway Education has an operating lease on its office space, the total of which expensed in the year was £5,250. (2021: £9,600). It has no other operating leases as at 31 March 2022.

18 Share capital

The Charity is a private company limited by shares. The Charity has 10 £10 shares which have been partly paid, with the shares held by the Trustees of the Charity.

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