| Contents | ||
|---|---|---|
| 2022-2023 Highlights ..... | ||
| Company information. |
||
| Trustees . | ||
| Registered office. | ||
| Independent Examiners. |
..... | |
| Bank. | ||
| Directors and key personnel .. | ||
| Trustees' report | ||
| Our mission. | ||
| Public benefit statement. | ||
| Our values. | ||
| Our key progra mmes | ||
| Training, research |
and | consultancy .. |
| Student workshops | and mentoring .. | |
| Resources. . | ||
| Key achievements in |
the | year.. |
| Training, research |
and | consultancy .. |
| Student workshops | and mentoring .. | |
| Resources. . | ||
| Impact highlights from |
FY2022-2023. | |
| Reach for financial | year 2022-23.. | |
| How we are funded | ||
| Future strategic plans ..... | ||
| How we manage our affairs. | ||
| Trustees ..... | ||
| Appointment ofTrustees. |
||
| Trustee induction | and | training . |
| Trustee decision making | .. | |
| Pay policy | ||
| Trustee responsibilities. | .... | |
| Compliance information |
.. | |
| Data protection. . | ||
| Fundraising. . | ||
| Whistleblowing policy. |
. | |
| Child safeguarding. |
| Equal opportunities | 18 | ||||||
|---|---|---|---|---|---|---|---|
| Anti-bribery, anti-corruption and anti-fraud |
policies. | 18 | |||||
| Independent Examiner. |
18 | ||||||
| Financial review .. |
19 | ||||||
| Risks &uncertainties | 19 | ||||||
| Reserves and reserves policy |
19 | ||||||
| Going concern. | 20 | ||||||
| Independent examiner's report to the members |
of | Causeway | Education. | 21 | |||
| Causeway Education Statement offinancial |
activities. | 22 | |||||
| For the year ended 31March 2023. | 22 | ||||||
| Causeway Education Statement offinancial |
position .. | 23 | |||||
| As at 31March 2023. | 23 | ||||||
| Causeway Education Statement ofcash flows. |
24 | ||||||
| Forthe year end 31March 2023. | 24 | ||||||
| Notes to the accounts. | 25 | ||||||
| 1.Accounting policies. |
25 | ||||||
| 1.1Going concern. | 25 | ||||||
| 1.2 Public benefit entity. . | 25 | ||||||
| 1.3 Incoming resources and funds. | 25 | ||||||
| 1.4Support costs .. | 25 | ||||||
| 1.5 Fixed assets. | 26 | ||||||
| 1.6Corporation Tax |
26 | ||||||
| 1.9Operating lease. |
26 | ||||||
| 1.10Fund accounting. . | 26 | ||||||
| 1.11Expenditure and irrecoverable |
VAT. | 26 | |||||
| 1.12Debtors | 27 | ||||||
| 1.13Cash at bank and in hand .. | 27 | ||||||
| 1.14Creditors | .27 | ||||||
| 2 Statutory information and status of |
the charity. . | .27 | |||||
| 4 Programme costs. |
.28 | ||||||
| 5Support and general costs ... | ....29 | ||||||
| 6 Governance Costs .......... |
....29 | ||||||
| 7 Employee information. | .30 | ||||||
| 8 Debtors.. | .31 | ||||||
| 9Creditors. . | .31 | ||||||
| 10Analysis ofthe fund position: unrestricted | funds (Current year) ... | .31 | |||||
| 10b.Analysis ofthe fund position: unrestricted | funds (Prior year) . | 32 | |||||
| 11Analysis ofthe funds position: restricted | funds (Current year). | 32 | |||||
| ~ | ~ ~ ' ~ ~ ~ |
~ | ~ | ~ |
| 11b.Analysis ofthe funds position: restricted | funds (Prior year). | ......32 | |
|---|---|---|---|
| 12Analysis ofnet assets (Current year) | 33 | ||
| 12.b Analysis ofnet assets (Previous year) .. | 33 | ||
| 13Pension obligations. . | ...33 | ||
| 14Related party transactions. . | 33 | ||
| 15Reconciliation ofnet income / (expenditure) | to net cash flow from operating | activities ... | ....34 |
| 17Operating lease commitments. |
34 | ||
| 18Share capital. | .....34 |
| Schools direct | ProfessIonals | Students dIrect | Professionals | Students | ||
|---|---|---|---|---|---|---|
| reach | direct reach | reach | IndIrect reach | Indirect reach | ||
| Application mentoring |
—UCL | 345 | ||||
| Sutton Trust Summer | School | |||||
| Application mentorlng |
—UCL | 167 | ||||
| Summer School | ||||||
| Application mentorlng |
—Discover | |||||
| UCL | ||||||
| Application mentorlng |
—Wadham | |||||
| rural link areas | ||||||
| Application me ntorlng |
—Think like | |||||
| ala er |
||||||
| Application mentoring-Wadham |
||||||
| Pro ect | ||||||
| Application mentorlng |
—STO | 620 | ||||
| Application mentoring |
Manchester | 36 | ||||
| —Pathw to Law |
||||||
| Application mentorlng |
—Computer | 16 | ||||
| Science and STEM | ||||||
| Sutton Trust Online - | webinars | |||||
| Sutton Trust Apprenticeship | ||||||
| Summer School | ||||||
| A&0 Smart Start | 531 | |||||
| Sutton Trust Teacher | Champions | 979 | 75,000 | |||
| Lucy Cavendish offer |
holder | 42 | ||||
| mentoring | ||||||
| Cardiff Evolve offer holder support | 293 | |||||
| UniversIty of Bristol Transition | 40 | |||||
| Support | ||||||
| OPSS Apprenticeship | Pilot | 47 | ||||
| Janus Henderson | 63 | |||||
| CECSenIor Careers Leader Course | 30 | |||||
| OfS Community of Practice |
||||||
| OSCAR for schools | 126 | 2457 | 11,850 | |||
| Events and small proJects | 227 | 1097 | ||||
| arand Total | 437 | 16~3 | 75,000 |
| Unrestricted | Restricted | Unrestricted | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||||
| 2023 | 2023 | I | 2022 | 2022 | |||||||
| Notes | E | ||||||||||
| Income from charitable | activities: | ||||||||||
| Resources | 60,177 | 144,386 | 144,386 | ||||||||
| Training, Research |
and Consultancy | 146,194 | 11,618 | 90,878 | 14,617 | 105,495 | |||||
| Student Delivery |
242,730 | 248,825 | 170,356 | 281,381 | 451,737( | ||||||
| Otherlncome | 1,192 | 792 | 792 | ||||||||
| Total Incoming Resources | 450393 | 260,443 | r | ~ | 406,412 | 295,998 | 702,410 | ||||
| Expenditure from: |
|||||||||||
| Direct Programme | Costs | 4 | (88,725) | (75,078) | ~:r | (25,437) | (84,075) | (109,511) | |||
| Staffing Costs | 4 | (289,845) | (124,481) | ~ | (200,778) | (132,761) | (333,539) | ||||
| Other Costs Total cost ofcharitable |
activities | 5 | (41,974) (420,544) |
(39,912) (239'71) |
r r r ~ (31,212) ~ ~«(257,427) |
(29,404) (246,239) |
(60,616) (503,667) |
||||
| Raising Funds: | |||||||||||
| Research Costs | 5 | (5,110) | (5,110) | ||||||||
| Fundraising activities |
5 | (55,341) | (50,196) | (50,196) | |||||||
| Total Resources Expended | (475'5) | (239,471) | (312,733) | (246339) | (558,973) | ||||||
| Net Income for the year | (25,592) | 20,972 | 93,679 | 49,758 | 143,438 | ||||||
| Transfers between | funds | (4,259) | 4,259 | ||||||||
| Net Movement In Funds |
(29451) | 25,231 | 93679 | 49758 | 143438 | ||||||
| Reconciliation offunds: |
|||||||||||
| Total funds brought | forward | 65,758 | 152,241 | (27,921) | 102,483 | 74,562 | |||||
| Total funds carried | forward | 35,907 | 177,472 | 65,758 | 152,241 | 217ri99 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | 6 | ||||
| Current Assets | |||||
| Debtors | 131,504 | 84,670 | |||
| Fixed Assets | |||||
| Cash at bank | and in | hand | 16 | 181,528 | 228,326 |
| 313,032 | |||||
| Credltorsr Amounts |
falling due with one year | (99,643) | (94,987) | ||
| Net Assets | 213,389 | 218,009 | |||
| Unrestricted | Funds | 10 | 35,907 | 65,758 | |
| Restricted Funds |
177,472 | 152,241 | |||
| Share Capital | 18 | 10 | 10 | ||
| TotalFunds | 213+89 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | 6 | 5 | |||
| Net cash used in operating | activities | 14 | (47,272) | 157,659 | |
| Interest | 474 | ||||
| Net cash from Investing | activities | 474 | |||
| Change In cash and cash |
equivalents | (46,798) | 157,659 | ||
| Cash brought forward | 228,325 | 70,666 | |||
| Cash carried forward | 15 | 181,528 | 228325 |
| Unrestricted | Restricted | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | I | 2022 | 2022 | 2022i | |
| 6 | 6 | |||||
| Trusts and Foundations | 37,581 | 201,114 | 52,637 | 201,741 | 254,378 | |
| Universities | 90,460 | 59,329 | 122,808 | 94,257 | 217,064 | |
| Statutory | 87,760 | 91,093 | 91,093 | |||
| Private Sector | 221,765 | 124,845 | 124,845' | |||
| ' | ||||||
| Schools and Colleges | 3,754 | 8,000 | 8,000, | |||
| 3rd Sector | 7,782 | 6,237 | 6,237i | |||
| Otherlncome | 717 | 792 | 792 | |||
| Bank Interest | 474 | |||||
| Total | 450,293 | 406,413 | 295,997 | 702,410, |
| Summer Prov |
ision. Appli | cation Mentor |
ing UCL and Su |
tton Trust Teacher Champio | tton Trust Teacher Champio | n Programmes |
|
|---|---|---|---|---|---|---|---|
| Direct Programme | |||||||
| Costs | |||||||
| Staffing | Freelancers | Direct Costs |
Support Allocation |
||||
| 2023 | 2023 | 2023 | 2023 | ||||
| Programme | E | E | |||||
| Sutton Trust | Summer | Provision | (67,384) | (51,048) | (23,687) | ||
| Application | Mentoring | UCL | (40,981) | (23,905) | (12,977) | ||
| Sutton Trust Champions |
—Teacher | (16,116) | (125) | (3,248) | |||
| Other Programmes | (84,325) | (4,400) | (331,819) | ' I |
|||
| Total' | (124,481) | (159,403) | (4,400) | (371,731) | ~ ~I |
| Staffing | Freelancers | Direct Costs |
Support Allocation |
Total | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2022 | 2022) | |||
| Programme | E | E | E | ||||
| 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 Champions |
- Teacher | (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)' |
| Staffing | Other | Staffing | Other | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||||
| Support and General | Costs | f | E | E | ||||||
| Executive, Governance | and Finance | (99,109) | (12,008) | (79,781) | (12,781) | (92462) | ||||
| IT, Communication | and Evaluation | (37,278) | (35,949) | (31,129) | (28,805) | (59,934) | ||||
| Overheads | 3,917 | 3,917 | ||||||||
| General Programme | Costs | (153,458) | (33,929) | (101,503) | (22,947) | (124,450) | ||||
| SupportTotal | (289+45 | (212,414) | (60,616) | (273,030) | ||||||
| Research &Policy | (5,110) | (5,110) | ||||||||
| ( | ||||||||||
| . | Fundralslng activities |
(55,341) | (50,196) | (50,196) | ||||||
| (267,720) | (60,616) | (328336) |
| Total | ||
|---|---|---|
| Stated after charging: | 2022 | |
| Independent Examination |
Fee | |
| Trustees Expenses | ||
| Operating Lease on property |
| Staff Costs Including | directors' | remuneration | Total |
|---|---|---|---|
| 2O22I | |||
| E | |||
| Wages and Salaries | (334,614) | ||
| Social Security | (32,026) | ||
| Pension | (22,306) | ||
| Total | (sss,sas)' |
| Opening | Income | Expenditure | Transfers | Movement | ||
|---|---|---|---|---|---|---|
| Balance | in Year | |||||
| E | E | |||||
| General | Fund | (27,921) | 406,412 | (312,733) | 93,679 | |
| Total | (27,921) | 406,412 | (312,733) |
| 11Analysis ofth | e funds pos | ition: restric | ted fund |
s (Current | year) | |
|---|---|---|---|---|---|---|
| Income | Expenditure | Transfers | Movement | |||
| Balance' E, E |
E | in Year | ||||
| Academic Apprenticeship | 2,687( | |||||
| Application Mentoring |
UCL | 14,275 | 59,329 | (77,863) | 4,259 | (14,275) |
| Sutton Trust - Teacher Champions |
40,128 | 11,618 | (19,489) | (7,871) | ||
| sutton Trust - Summer | Provision | 95,151 | 189,496 | (142,119) | 47,377 | |
| Total | 152,242 | 260,443 | (239471) | 4359 |
| 11b.Analysis o | fthe funds | position: restr | icted fu |
nds (Prior | year) | |
|---|---|---|---|---|---|---|
| Opening | Income | Expenditure | Transfers | Movement | ||
| Balarice | In Year | |||||
| E | E | E | E | |||
| Academlcnpprentlceshlp | 2,687( | |||||
| Pathways to law | 57,054' | (57,054) | (57,054) | |||
| Teacher Summer Schools | 16,496 | (16,496) | (16,496) | |||
| Application Mentorlng |
UCL | 94,257 | (79,982) | 14,275 | ||
| Sutton Trust -Teacher | Champions | 26,246 | 14,617 | (17,231) | 16,496 | 13,882 |
| Sutton Trust - Summer | Provision | 187,124 | (149,026) | 57,054 | 95,151 | |
| Total | 102,483 | 295,998 | (246,239) | 49,759 |
| 12Analysis ofnet as | sets (Current year) | ||||
|---|---|---|---|---|---|
| Unrestricted | Fund | Restricted | Funds | ||
| Cash at bank and in hand | 8,315 | 173,213 | |||
| Other net current assets /(liabilities) | 30,077 | ||||
| Creditors of more than one | year | ||||
| OTAL | |||||
| 12.b Analysis ofnet | assets (Previous year) | ||||
| Unrestricted | Fund | Restricted | Funds | ||
| Cash at bank and In hand | 76,085 | 152,241 | |||
| Other net current assets /(llabilitlesl | (10,317) | ||||
| Creditors of more than one | ear | ||||
| OTAL | 65,768 | 152~1 |
| Total | ||||||
|---|---|---|---|---|---|---|
| I | I | |||||
| 6 | ||||||
| Net Income / (expenditure) | for the reporting | period | r | 143,438 | ||
| Interest | ||||||
| (Increase)/decrease | in debtors | (1,364) | ||||
| Increase/(decrease) | In creditors | 15,587. | ||||
| Total | 157,659 |
| 16Analysis ofcash and cash equivalents | |
|---|---|
| Total | |
| 2022 | |
| Cash at bank and in hand | 227,823 |
| Prepaid Cards | 503 |
| Petty Cash | |
| Total | 228,326 |
| year | wa | sf5 | 250.(2021:f9600).It has no other ope | rating leases as at31March 2023. |
|---|---|---|---|---|
| Property | ||||
| 2022 | ||||
| Less | than | one | year | (5,250) |
| Total | (5,250) |