#
|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)|
##