2025-03-31-accounts

Causeway Education Ltd

Report and Financial Statements for the year ended 31 March 2025

Company Number England 09239703 Charity Number England and Wales 1175109

Contents

2024-2025 Highlights .............................................................................................................................. 5 Company information ............................................................................................................................. 5 Trustees ............................................................................................................................................... 5 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 ...................................................................................................................................... 11 Key achievements in the year ........................................................................................................... 12 Training, research and consultancy .............................................................................................. 12 Student workshops and mentoring .............................................................................................. 12 Impact highlights from FY 2024-2025 ........................................................................................... 14 Reach for financial year 2024-25 .................................................................................................. 18 How we are funded ........................................................................................................................... 18 Future strategic plans ....................................................................................................................... 19 How we manage our affairs .................................................................................................................. 19 Trustees ............................................................................................................................................. 19 Appointment of Trustees .............................................................................................................. 20 Trustee induction and training ...................................................................................................... 20 Trustee decision making ................................................................................................................... 20 Pay policy ...................................................................................................................................... 20 Trustee responsibilities ................................................................................................................. 20 Compliance information ................................................................................................................... 21 Data protection ............................................................................................................................. 21 Fundraising .................................................................................................................................... 21 Whistleblowing policy ................................................................................................................... 21 Child safeguarding......................................................................................................................... 21 Equal opportunities ....................................................................................................................... 22 Anti-bribery, anti-corruption and anti-fraud policies ................................................................... 22

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Independent Examiner .................................................................................................................. 22 Financial review .................................................................................................................................... 23 Risks & uncertainties ......................................................................................................................... 23 Reserves and reserves policy ............................................................................................................ 23 Going concern ................................................................................................................................... 24 Independent examiner’s report to the members of Causeway Education .......................................... 25 Causeway Education Statement of financial activities ......................................................................... 26 For the year ended 31 March 2025 .............................................................................................. 26 Causeway Education Statement of financial position .......................................................................... 27 As at 31 March 2025 ..................................................................................................................... 27 Causeway Education Statement of cash flows .................................................................................... 28 For the year end 31 March 2025 .................................................................................................. 28 Notes to the accounts ........................................................................................................................... 29 1. Accounting policies ................................................................................................................... 29 1.1 Going concern ......................................................................................................................... 29 1.2 Public benefit entity ................................................................................................................ 29 1.3 Incoming resources and funds ................................................................................................ 29 1.4 Support costs .......................................................................................................................... 29 1.5 Fixed assets ............................................................................................................................. 29 1.6 Corporation Tax ...................................................................................................................... 30 1.7 Financial Instruments Policy ................................................................................................... 30 1.8 Pension Policy ......................................................................................................................... 30 1.9 Fund accounting ...................................................................................................................... 30 1.10 Expenditure and irrecoverable VAT ...................................................................................... 30 1.11 Debtors .................................................................................................................................. 31 1.12 Cash at bank and in hand ...................................................................................................... 31 1.13 Creditors ................................................................................................................................ 31 2 Statutory information and status of the charity ........................................................................ 31 4 Programme costs ....................................................................................................................... 33 5 Support and general costs ......................................................................................................... 34 6 Governance Costs ...................................................................................................................... 34 7 Employee information ............................................................................................................... 35 8 Debtors ....................................................................................................................................... 36 9 Creditors ..................................................................................................................................... 36 10 Analysis of the fund position: unrestricted funds (Current year) ............................................ 37 ...................................................................................................................................................... 37 10b. Analysis of the fund position: unrestricted funds (Prior year) ............................................. 37

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11 Analysis of the funds position: restricted funds (Current year) ............................................... 37 11b. Analysis of the funds position: restricted funds (Prior year) ................................................ 37 12 Analysis of net assets (Current year) ....................................................................................... 38 12.b Analysis of net assets (Previous year) ................................................................................... 38 13 Pension obligations .................................................................................................................. 38 14 Related party transactions ....................................................................................................... 38 15 Reconciliation of net income / (expenditure) to net cash flow from operating activities ...... 39 17 Share capital ............................................................................................................................. 39

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2024-2025 Highlights

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

OUR SUPPORT IS HIGH-QUALITY AND PRACTICAL

In the past year we have

Delivered high quality workshops to 4,860 professionals[1]

Engaged [199 ][schools]

Delivered practical support through masterclasses, mentoring and online tools to [15,096][young people]

and

Indirectly reached 86,060 young people

WE ARE COLLABERATIVE AND EVIDENCE-LED

We strengthened Causeway’s impact across our three core strands: training and consultancy, student programmes, and practical resources. We expanded our national training offer for school and college leaders, including piloting the first Careers Leadership programme for Executive Headteachers and MAT CEOs.

Our partnerships with universities, charities and employers enabled us to deliver high-quality workshops, mentoring and targeted support for applicants and offer-holders, with programmes such as Smart Start, Application Mentoring and our Bristol tutoring offer achieving excellent engagement and feedback.

New initiatives, from Mission 44’s STEM careers resource to our robotics outreach with The National Robotarium, opened pathways into emerging sectors. We also enhanced OSCAR, our sector-leading application platform, to better support students and teachers with the changing admissions landscape.

Across all areas, our work reached thousands of students and professionals, helping them make informed, ambitious decisions about their futures.

Further information on our impact and achievements can be found on pages 12-19.

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

Trustees

• Iain Littlejohn (Chair)

1 Including teachers and outreach professionals from universities and employers

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• Natalie Whitty

• Michael Englard

• Christine Kinnear

• Penelope Peng

• Nicola Ladier

• Tirenioluwa Ajilore

• Ben Gadsby

• Andreas Pipke (resigned 27/9/2024)

Registered office

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

Independent Examiners

Lucy Hammond 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

• Sam Holmes, CEO

• Clare Addy, Director of Partnerships

• Aron Rouse, Head of Programmes

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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.

• We bring strong expertise in the areas where we work.

• We are passionate about what we do, and this motivates us to strive for constant improvement.

• We believe high quality is achieved through an open, honest and critical approach to our own work and that of our partners.

2. Collaborative

Our mission is shared by a vast range of individuals and organisations – through supporting each other we can reach more individuals with higher quality interventions.

• Everyone we work with is a partner.

• We work hard to understand our partners, recognise their expertise and speak a common language.

• We are approachable and empowering in the support we provide.

3. Practical

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

• We provide actionable support to partners in the form of user-friendly tools and sectorleading resources

• We apply our extensive first-hand experience of working with schools, colleges and universities to develop frictionless strategies for improving application support

4. Evidence-led

The best solutions build on the greatest accumulation of insights

• We take time to understand problems in detail, identify needs and form considered solutions

• We apply insights from published research as well as our own evaluation data and practical experience

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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 employers

2. Workshops and mentoring for students

3. Practical resources

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

Training, research and consultancy

CEC Careers Leader Course

In partnership with The University of Wolverhampton and Complete Careers, we continue to deliver a Level 7 accredited training for senior careers leaders. Participants range from senior leaders at schools, colleges and alternative provision, to those with responsibility for careers across Multi Academy Trusts. The training supports participants to identify and lead change in a key area of practice, using careers education as a lever for whole-institution improvement. This year we piloted a version of the training specifically for Executive Headteachers and Multi Academy Trust CEOs in partnership with Kent and Medway Careers Hub – the first training of its kind nationally. Feedback was extremely positive and we are looking into rolling this out across other regions.

Sutton Trust Teacher Champions

The 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.

The Sutton Trust were pleased with how the 2024/25 cycle went and we continue to receive consistently good feedback from participants. The 1-page summary was implemented to supplement the PowerPoints sent out to attendees in response to feedback from last year. Some participants were keen to see more examples of good practice which will be incorporated, where possible, next year.

Looking ahead to next year, a partnership with Advancing Access is planned to grow the programme further.

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 and Wadham College, Oxford.

Offer-holder support/tutoring

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In 2024-25, we delivered a pilot version of our offer-holder tutoring work with the University of Bristol. This involved target groups of Year 13 students being provided with a series of academic workshops and tutorials in the lead up to the A-Level exams. Students were assigned to maths or further maths groups in a bid to meet the entry requirements for selected courses. The added benefit of the support was the opportunity to meet prospective peers from similar backgrounds.

We also delivered the offer-holder tutoring programme for Lucy Cavendish College, Cambridge, for the fourth year.

A&O Shearman Smart Start - Smart Start Week & Smart Applications

The Smart Start Experience continues to be hugely popular – over 1300 students registered for the initial Smart Choices webinars, and over 680 students applied for Smart Applications/Smart Start Week.

Causeway Education maintained responsibility for the full project cycle, from recruitment (including designing, delivering and recruiting for Smart Choices insight webinars at the start of the process) to the design, delivery and overarching project management of both Smart Applications and Smart Start Week.

Smart Start Week involves the final cohort of attending a Launch Day, followed by 5 days in A&O Shearman’s office. Smart Applications is an 8-part webinar series, originally designed during the height of the pandemic, and includes an in-person insight event at A&O Shearman for the most engaged students.

Access Ashurst

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

Janus Henderson Scholarship

We provide support for Janus Henderson’s Scholarship UK programme. Students from social mobility backgrounds who have an interest in pursuing a career in asset management/finance attend industry insights and transition support webinars before receiving a £2000 grant over the course of their first year at university. Causeway Education provide ongoing support, in the form of scheduled check-in calls which give students the chance to reflect on their personal, academic and professional growth and progress throughout their first year in higher education, as well as to check in on their financial management and use of the scholarship funds.

Watson Farley & Williams (WFW) – Introduction to City Careers – Insights Workshops

We partner with WFW to deliver a 3-day ‘City Careers’ insight event for up to 20 Year 12 students, a project growing from initial 1-day workshops. The objectives are to highlight career opportunities in a city law firm, identify and develop employability skills and network with WFW volunteers. The event includes mock interviews, a negotiation game, a personal statement workshop, business development and commercial awareness tasks and WFW-specific workshop activities. Causeway Education also train WFW volunteers to become mentors on OSCAR and students are paired with a WFW mentor to support them in writing their personal statement.

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As part of this work, Causeway provide the following support:

• Student targeting, recruitment and selection

• Participant management and engagement

• Session Delivery

• Mentor training and mentoring

The National Robotarium

We work with The National Robotarium to deliver a careers programme for Robotics and AI careers across KS3. In 2023-2024, this included a student webinar that covered the following:

• The changing landscape of Robotics and AI careers

• Case studies of using Robotics and AI to solve real-world solutions

• Q+A with engineers from the National Robotarium and Ameca – the world’s most advanced humanoid robot

Beyond the webinar, school groups entered a competition to win a starter robotics kit. Their competition had to be a new or existing AI or Robotics solution to a real-world issue from a range of topics, such as clean energy, accessing healthcare and preserving marine environments. This iteration of the programme reached 16 schools and 667 students, with 5 schools and 42 entries for the competition.

Resources

OSCAR

OSCAR (Online System for Completing Applications & References) is our online platform which has been designed with outstanding university applications in mind. OSCAR (which continues to be a sector leader) 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.

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Key achievements in the year

Training, research and consultancy

Sutton Trust Teacher Champions

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

• 976 session attendees

• Estimated student reach of 58,000

• 97% of respondents rated the sessions as good or outstanding

• 95% of respondents said that they found the sessions to be very useful or useful

• 87% of respondents agreed that the sessions would help them in the day-to-day practice of their role

Student workshops and mentoring

Smart Start

We worked with A&O Shearman (previously Allen & Overy), to deliver the Smart Start work experience programme and Smart Applications (the online alternative programme that was originally designed during the height of the pandemic).

At the start of the recruitment process, Smart Choices events were held online and in-person in key cold spot areas, to encourage participation from students across the UK and with an aim to encourage those from cold spot areas to apply for both Smart Start Week and Smart Applications.

The in-person week was refined to involve a clear structure for the week, with each of the five days focused on a different key skill – from exploration to negotiation. The content was revamped to improve engagement and learnings for the participants, and to allow improved involvement from A&O Shearman professional volunteers.

Prior to the week itself, we introduced two rounds of one-to-one calls for all participants, giving students personalised opportunities to ask questions and discuss any concerns ahead of the week.

Smart Applications (the online alternative programme) saw almost 250 students attend a minimum of two webinars, with more than 70 of those students going on to also attend a mock interview and more than 40 attending the in-person event. Six of the eight webinars were supported by volunteer from A&O Shearman, from a range of departments across the firm.

Sutton Trust Online

We delivered a series of 33 live webinars on personal statements, admissions tests and interviews to 1071 students on the Sutton Trust Online platform.

Offer-holder support

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Our strong partnership with the University of Bristol continued as we built on the previous year’s pilot to deliver offer -holder support to a second cohort of prospective undergraduates ahead of the A-Level exams. The remit was to provide maths tutoring to offer-holders that met the criteria for the university’s key target groups (based on being statistically less likely to achieve the required grades). Following a review of the pilot, we strengthened the flow of communication for students being handed over from the university to Causeway and made improvements to associated onboarding resources for students.

Mission 44

We partnered with Mission 44, founded by Lewis Hamilton, to design a resource to outline the different STEM roles in motorsport across the entire process of developing a car from design to race day. The purpose was to support with increasing the diversity of the motorsport sector by providing disadvantaged students with insights about opportunities and pathways that they may not have otherwise been aware of. The direction and format were informed by a combination of student engagement and input from companies in the motorsport sector.

BBC

We secured the funding to pilot an apprenticeships outreach programme for students who met the criteria for being a young carer; deepening our expertise in supporting young people with these life experiences.

JINC Pilot

We secured initial funding from A&O Shearman and the HG Foundation to pilot components of the JINC model in London. JINC’s proven model of work experience has helped over 80,000 students in the Netherlands and Belgium to explore their futures with confidence. This initial funding helped us on the way to launching our Modern Work Experience programme – a new approach to work experience that will give all state-educated young people in the UK meaningful, skills-based encounters with the world of work.

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Resources

OSCAR

We have continued to make various improvements to the OSCAR platform. The underlying platform was updated to ensure access to ongoing security and feature updates. Mobile usability was improved, making life easier for the third of users that access OSCAR via a mobile phone. A new course lookup tool was added to support our Undermatch programme. The personal statement builder was re-written to reflect the changes in the personal statement on the UCAS application form for 2026 entry applicants.

Impact highlights from FY 2024-2025

Application Mentoring 2024

95% of our 2024-25 cohort rated the feedback and guidance that they received from their mentors as helpful or very helpful. 95% felt confident that they’d written a high-quality personal statement.

• “I found the experience really helpful as I had no clue how to start beforehand. My mentor alongside the stages provided on Oscar allowed me to break down each part of my personal statement and gave me a broad overview of what I would write. I wouldn’t have been able to do it without this.”

• “Starting with little understanding of how to approach my personal statement, I felt entirely lost and overwhelmed. However, my mentor guided me through every step of the process, offering support, encouragement, and invaluable advice that helped me effectively showcase my strengths and experiences. Their guidance was crucial in helping me feel confident in crafting a personal statement.”

• “I had no clue where to start with my personal statement. The prompt questions helped me get all my ideas out and made it clear what I could include in my personal statement. My mentor was just incredible. I can’t express how grateful I am for them. After sending my UCAS off, many of my peers and teachers read my final personal statement. Many of them said it was amazing and some even said that it was the best personal statement they’ve read this application year. It made me feel very confident. I’ve also had offers from my first and second choice universities and therefore feel so proud of my personal statement. The line by line feedback from my mentor was super helpful. My mentor would give me further prompt questions to help develop my points and articulate them in relation to my chosen course.”

• “It was really assuring to have someone I could contact at any time. She gave specific feedback, was extremely helpful and supportive with amazing advice and life experience. I really wouldn’t have written something I’m this pleased with without her!”

• “This experience has been very empowering, and I am privileged to have had the opportunity, to increase my chances when applying to highly competitive courses.”

Smart Start 2024

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• 100% of participants rated the Smart Start Week outstanding, very good or good.

• Smart Start Week 2024 received an NPS score of 82

• 100% of participants said that Smart Start improved their motivation to reach their career goals

• 100% of participants said that Smart Start gave them an idea of what they’d like to do for a career in the future

“I feel as though throughout my participation in this week I have developed upon my key skills and gained so much more confidence to speak to new people and gain knowledge from experienced lawyers at the firm. I have really enjoyed the experience with every day making if me learn new things about myself by pushing me out of my comfort zone!”

“I have developed a clear understanding of my career objectives and created a structured plan to achieve them. Additionally, I have been actively seeking opportunities for professional growth and networking, which has significantly boosted my confidence and motivation.”

“Each task was designed to mirror actual situations faced in a legal environment, which made the experience incredibly practical and engaging. I enjoyed the diversity of the challenges, from research and negotiation to problem-solving and teamwork, as they pushed me to think critically and creatively. The variety of activities also allowed me to explore different aspects of the legal profession, gaining a deeper understanding of the skills required in each area. The hands-on nature of the tasks made the learning process dynamic and interactive, helping me to build confidence and develop key professional skills. Overall, it was the combination of practical learning, skill development, and the chance to collaborate with others that made the experience so rewarding.”

“This experience has solidified my passion for law, giving me a clear understanding of how my skills and interests align with the profession. The practical exposure has not only strengthened my commitment to pursuing legal studies but has also inspired me to strive for excellence in my academic and professional endeavors.”

Lucy Cavendish Offer-holder tutoring 2024

“I would say that this scheme has only amplified my desire to study English at University, and has eased the initial nerves that I had felt. I think there is naturally this aura around studying at Cambridge, one which is intimidating and where you find yourself self-doubting that you could thrive there, or that you won’t find people who are similar to you. Yet this scheme has challenged all those fears, introducing me to the supervision style discussions, adding workload to my A-Level syllabus and helping me become prepared for studying at higher education. I feel much more prepared that I did previously for studying English as I believe I am in a better place to be able to write more concise essays, and also really enjoy my undergraduate degree”

“I found the ease of communication and prompt responses extremely useful. The tutors were very kind, very helpful and extremely patient. No question is too small or too big so you feel very comfortable asking them for additional help explaining a concept/reviewing the work. Speaking with other students was also very nice as it gave me the opportunity to network before starting the course, and helped me experience how work at Cambridge would be like.”

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“Having a small group allowed direct responses from the teacher compared to a regular school classroom (for me) where a teacher has 30 students and cannot take the individual time.”

“It definitely helped me understand both what I would expect on the jump to university, and what is expected from in return- something necessary for me as a first-generation student attending university in my family.”

“I found it useful as I was able to gain additional support that I was not getting from my A level teachers especially in terms of being able to ask questions and have pieces of work looked at by an external person.”

The National Robotarium

• Total number of schools in attendance: 16

• Total number of students: 667

• Total number of schools in competition: 5

• Total number of entries: 42

• Score of 9.6/10 for recommend to a colleague

• 100% rated the student webinar good or outstanding

• 89% rated the student webinar very useful or useful

“Interacting with the humanoid robot was definitely the star of the webinar. They were inspired by the speakers and curious to know more. There was not end to the questions they wanted to ask”

“Information about careers and interacting with Ameca. I'm afraid the humans, however good, don't stand a chance!!”

“Seeing Ameca, this was a great experience for the students and it really stole the show.”

Sweaty Betty Foundation

307 girls between Year 8 – Year 10 involved in workshops across 10 different schools (13 school workshops in total).

Across all workshops, 187 students set a pledge that registers an intention of positive behaviour change. Some examples of pledges can be seen below, as well as all pledges in the appendix. The reference to elements of the workshop e.g. physical activity in helping a student to manage their wellbeing, improve their skills or set goals, are positive in seeing the impact of the workshop on behaviour change.

87.3% found rated the session good or outstanding 93.1% found the session at least somewhat useful, 66.5% found it useful or very useful

“I would like to pledge to do more walks in the park over the next 3 months to clear my mind and help stabilise my wellbeing and develop the skill of mindfulness.”

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“I pledge to work on my time management skills by incorporating physical activity into my free time. Specifically, I would like to work on my team sports with friends in school and do more walking when I can't find anything else to do instead of unhealthy habits like going on my phone”

“I am going to start to go swimming again with my friends every morning for at least an hour. I will know I have accomplished it when I can swim in the deep end without being scared I will drown. This would my fear for swimming and drowning, hope to achieve this in the next 4 months”

“My pledge is to better my wellbeing is to stay loyal to one specific hobby for a month to see how it effects me as a person. This hobby can be reading, yoga, playing a musical instrument. This will allow my mind to be at rest, improving my skills on time management and listening and mindfulness. I will check up on this at the start of the new year”

The Institute of Chartered Accountants in England and Wales (ICAEW)

We partnered with ICAEW to develop and produce Rise resources to support teaching staff in engaging their students by bringing real-world scenarios to the classroom, allowing them to build their skills associated with the Skills Builder Universal Framework, such as: staying positive, leadership and aiming high. The resources included:

• Writing: crafting reassuring responses to worried colleagues

• Grammar: mastering persuasive language for a much-anticipated press release

• Reading: analysing statements used in a battle over intellectual property

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Reach for financial year 2024-25

	Project		Schools direct reach		Professionals direct reach		Students direct reach		Professionals indirect reach		Students indirect reach
	Application Mentoring		0		111		430		0		0
	Modern Work Experience		0		18		160		0		0
	Offer holder support		0		0		113		0		0
	OSCAR for schools		155		3,191		10,838		0		0
	Resources, training & consultancy		0		1,345		0		4,035		80,700
	Smart Start		0		6		1,268		0		0
	Student workshops (3rd sector – Sutton Trust Online)		0		0		1,071		0		0
	Student workshop (employers)		10		38		1,073		0		0
	Student workshop (school)		3		0		143		0		0
	Undermatch		31		56		0		168		3,360
	Other events & small projects		0		95		0		0		0
	Grand totals		199		4,860		15,096		4,203		84,060

Notes:

• Schools: A primary- or secondary-level educational institution with a DfE number (or equivalent), from which people – either staff or students – have benefitted from our services.

• Professionals: People we are training as part of their job, or as work they have volunteered to do, and who work with students.

• Students: Young people who we would consider the ‘end users’ of our services, such as our mentoring programmes and student-facing events

• Direct reach: People (or organisations) who we have directly worked with, trained, or mentored.

• Indirect reach: People who have benefited second-hand from people we have reached directly (for example students who benefit from a professional, such as teacher, who we have trained). We currently only measure indirect reach for the Teacher Champions, Career Leader Training and Undermatch programmes.

• ‘Other events and small projects’ covers one-off events that are not part of a larger programme, such as workshops, training sessions or events.

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 Teacher Champions, Application Mentoring, and the Online digital platform tool.

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Future strategic plans

Our vision is for all young people to experience a high-quality careers programme which ensures they identify and secure a destination that is right for them, and we see Causeway’s role in achieving this as providing a comprehensive careers programme to schools/colleges. Our landscape review of existing careers education activity in England flagged up a gap for this type of programme. Our partnership work with the Dutch charity JINC has provided a blueprint for this, which we are adapting to the context in England. We aim to work with the secondary schools/colleges facing the greatest barriers, supporting them to achieve progression to matched HE and apprenticeship destinations across their whole cohorts. To achieve this, we will develop an impactful programme of careers support that is:

• Comprehensive Equipping the whole cohort to understand multiple sectors and access any destination (higher education as well as apprenticeships and technical education routes)

• Joined-up

• A multi-year, mapped out, progressive journey, including external encounters, in-school activities and the training and support to integrate it into school life

• Frictionless

• An accessible, professional and high-quality service which relieves the burden on schools and employers.

By 2029, we aim to have a national programme operating from regional hubs, providing schools/colleges with an integrated package of careers encounters, HE encounters, HE and apprenticeship application support, and careers leader training.

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.

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.

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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 2024-25 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

We have a formal pay policy that covers the pay of individual roles as well as the individuals within the roles to ensure fairness, transparency and stability across the organisation.

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:

• Select suitable accounting policies and then apply them consistently.

• Observe the methods and principles in the Charities SORP.

• Make judgements and estimates that are reasonable and prudent.

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• State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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.

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 2025 was 10 (2024: 10). 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

• Commit to high standards

• Be clear, honest and open

• Be fair and reasonable

• Be accountable & responsible

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

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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

Lucy Hammond of Kreston Reeves LLP is the charitable company's independent examiner and has expressed her willingness to continue in that capacity.

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Financial review

This year, the charity has continued to expand the number of partners we work with, further strengthening our income base. Both costs and income have decreased slightly, leading to a small deficit (£5.7k).

Income has decreased slightly from £798k to £772k, a 3% decrease. The proportion of our total income which comes from The Sutton Trust reduced from 31% to 28%, and the proportion of our income which comes from Allen and Overy Shearman reduced slightly at 14%.

Expenditure has decreased by 2%, from £793k to £778K.

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:

• Shortfalls in future funding. The organisation regularly monitors and reports on the future funding opportunities that the charity has at least a year into the future. Over the past year, the charity has continued to consolidate and expand our most secure income streams, as well as developing a number of new projects.

• Cash flow. Due to the current economic conditions, the organisation is at risk from sudden cash flow shortfalls in the medium term. The senior management team along with the Trustees regularly monitor cash flow forecasts over 12 months in the future highlighting significant risk that cash will fall below a safe level considerably in advance of it happening, with agreed actions in place should this occur.

• Information security breach. With the increasing shift towards online working and service delivery, the security of our IT systems and our online platform (OSCAR) have become even more important. To ensure the organisation has a very high level of protection in place, we have obtained Cyber Essentials Certification and carried out a comprehensive audit and penetration test of OSCAR (refreshed on a monthly basis). We also have specific insurance to cover this area.

Reserves and reserves policy

Reserves have decreased slightly from £218k, to £213K. The total funds of the charity, excluding the share capital, have been classified as either Unrestricted or Restricted funds.

The balance of restricted and unrestricted has changed over the year as The Sutton Trust income is now treated as purchase of services rather than a grant.

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 £195k, (2024: £51k).

Restricted funds, which are not available for general purpose, have decreased to £18k, (2024: £168k). 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. This usually equates to approximately £100,000. 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. At 31[st] March 25, reserves are above the level required by the policy as funding has been received that will be paid to suppliers.

Going concern

The Charity has £213k in reserve and with plans to maintain 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 8/12/25 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 2025 which are set out on pages 26 to 39.

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 [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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:

Lucy Hammond BSc FCA Kreston Reeves LLP Second Floor 168 Shoreditch High Street London E1 6RA Date: 18 December 2025

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Causeway Education Statement of financial activities

For the year ended 31 March 2025

		Unrestricted Funds	Restricted Funds Total Funds Unrestricted Funds 2025 2025 2024	Restricted Funds Total Funds Unrestricted Funds 2025 2025 2024	Restricted Funds Total Funds Unrestricted Funds 2025 2025 2024	Restricted Funds	Total Funds
		2025				2024	2024
	Notes	£	£ £ £ 29,752 137,212 167,080 109,835 81,088 37,458 523,575 325,248 1,286 1,226			£ £ 167,080 81,088 223,513 548,761 1,226
Income from charitable activities:
Resources	3	107,460			167,080
Training, Research and Consultancy	3	109,835			81,088
Student Delivery	3	486,117			325,248
Other Income	3	1,286			1,226
Total Incoming Resources		704,698	67,210 771,908		574,643	223,513 798,155
Expenditure from:			4,270 - 179,153 - 74,177 - 447,843 - 15,689 - 87,790 -			68,813 - 176,204 - 125,276 - 454,368 - 38,818 - 100,110 -
Direct Programme Costs	4	174,883 -			107,391 -
StaffingCosts	4	373,666 -			329,091 -
Other Costs	5	72,101 -			61,292 -
Total cost of charitable activities		620,650 -	94,137 - 714,787 -		497,774 -	232,907 - 730,682 -
RaisingFunds:			- 62,835 -
Research Costs	5	-			-	- 62,034 -
Fundraisingactivities	5	62,835 -			62,034 -
Total Resources Expended		683,485 -	94,137 - 777,622 -		559,809 -	232,907 - 792,716 -
Net Income for theyear		21,213	26,927 - 5,714 - 122,791 - -		14,834	9,395 - 5,439
Transfers between funds		122,791				-
Net Movement in Funds		144,004	149,718 - 5,714 -		14,834	9,395 - 5,439
Reconciliation of funds:
Total funds brought forward		50,741	168,078 218,819		35,907	177,472 213,379
Total funds carried forward		194,745	18,360 213,105		50,741	168,078 218,819

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 2025

				2025		2024
		Notes		£		£
Current Assets
Debtors		8		139,791		90,254
Fixed Assets				-		-
Cash at bank and in hand		15		209,685		381,644
				349,476		471,898
Creditors: Amounts falling due with oneyear		9		(136,361)		(253,069)
Net Assets				213,114		218,829
Unrestricted Funds		10		194,745		50,741
Restricted Funds		11		18,360		168,078
Share Capital		18		10		10
Total Funds				213,115		218,829

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.

Approved by the trustees on 08/12/2025 and signed on their behalf by Iain Littlejohn

Causeway Education – Chair of Trustees

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Causeway Education Statement of cash flows

For the year end 31 March 2025

				2025		2024
		Notes		£		£
Net cash used in operatingactivities		15		(173,185)		198,889
Interest				1,226		1,226
Net cash from investingactivities				1,226		1,226
Change in cash and cash equivalents				(171,959)		200,116
Cash brought forward				381,643		181,528
Cash carried forward		16		209,685		381,643

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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

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 2025, there have been no assets purchased over £5,000 and therefore currently the Charity has no fixed assets.

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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 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.

1.10 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.

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1.11 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.

1.12 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.

1.13 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

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3 Income from charitable activities

		Unrestricted Funds	Restricted Funds	Total Funds Unrestricted Funds 2025 2024	Restricted Funds	Total Funds 2024
		2025	2025		2024
		£	£	£ £ 249,296 22,649 104,181 93,783 92,193 143,936 288,419 299,810 36,533 7,299 - 5,940 - - 1,286 1,226	£	£ 235,062 104,883 143,936 299,810 7,299 5,940 - 1,226
Trusts and Foundations		200,917	48,379		212,413
Universities		104,181	-		11,100
Statutory		92,193	-		-
Private Sector		269,588	18,831		-
Schools and Colleges		36,533	-		-
3rd Sector		-	-		-
Other Income		-	-		-
Bank Interest		1,286	-		-
Total		704,698	67,210	771,908 574,643	223,513	798,155

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4 Programme costs

Included within programme costs is restricted expenditure of £94,137 split between The Sutton Trust Summer Provision, Application Mentoring UCL and Sutton Trust Teacher Champion Programmes

			Direct Programme Costs	Direct Programme Costs
		Staffing Freelancers Direct Costs Support Allocation				Total
		2025	2025	2025	2025	2025
Programme		£	£	£	£	£ (30,019) (64,118) (620,650)
SweatyBettyWorkshops		(22,730)	(1,160)	(1,126)	(5,003)
JINC		(51,448)	-	(1,984)	(10,686)
Other Programmes		-	(174,883)	-	(445,767)
Total	-	(74,177)	(176,043)	(3,110)	(461,456)	-	(714,787)

The Charity received no benefits in kind for the Financial Year 2024-25.

Programme costs (Prior Year)

		Staffing	Freelancers	Direct Costs	Support Allocation	Total	Total
		2024	2024	2024	2024		2024
Programme		£	£	£	£	£ (188,980) (33,962) (9,966) (497,774)
Sutton Trust Summer Provision		(94,859)	(62,624)	-	(31,497)
Application MentoringUCL		(22,463)	(5,839)	-	(5,660)
Sutton Trust - Teacher Champions		(7,955)	(350)	-	(1,661)
Other Programmes		-	(107,391)	-	(390,383)
Total		(125,276)	(176,204)	-	(429,201)	(730,682)

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5 Support and general costs

	Staffing	Other	Total Staffing	Total Staffing	Total Staffing	Other	Total	Total
	2025	2025		2025	2024	2024		2024
Support and General Costs	£	£	£ £ (111,381) (110,383) (91,102) (41,934) - - (258,973) (176,775)			£	£ (123,952) (69,398) - (235,852)
Executive, Governance and Finance	(106,462)	(4,919)				(13,568)
IT, Communication and Evaluation	(45,720)	(45,382)				(27,464)
Overheads	-	-			-	-
General Programme Costs	(221,483)	(37,490)				(59,077)
Support Total	(373,666)	(87,791)	(461,457) (329,092)			(100,110)	(429,201)
			- - (62,835) (62,034)				- (62,034)
Research & Policy	-	-			-	-
Fundraisingactivities	(62,835)	-				-
Grand Total	(436,501)	(87,791)	(524,292) (391,126)			(100,110)	(491,236)

6 Governance Costs

		Total Total 2025 2024
Stated after charging:
		£ £
Independent Examination Fee		(3,200) (2,430) - - - -
Trustees Expenses
Operating Lease on property

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7 Employee information

7 Employee information
		Total Total 2025 2024
		1 1 10 12 2 2
RaisingFunds
Charitable Activities
Support(IncludingGovernance)
Average Employees		13 15
Staff Costs Includingdirectors' remuneration		Total Total 2025 2024
		£ £ (453,429) (458,308) (43,704) (33,439) (24,875) (23,640)
Wages and Salaries
Social Security
Pension
Total		(522,009) (515,388)
The total number of employees whose emoluments(salaries, wages and benefits in kind) fell
		Total Total 2025 2024
		£ £
£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 £102,126. (2024: £98,640).

There were no redundancy costs in the year. (2024: £0).

The charity trustees have not received any remuneration.

There were no expenses paid to Trustees’ (2024: £0).

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8 Debtors

8 Debtors
		Total Total 2025 2024
		£ £
Trade Debtors		114,820 60,719 24,971 29,535
Accrued Income
Total		139,791 90,254

9 Creditors

9 Creditors
		Total Total 2025 2024
		£ £
Trade Creditors		(200) (3,193) (29,810) (43,725) 0 (3,401) 0 0 (103,243) (200,321) (3,108) (2,430)
Other Creditors
Deferred Income
Staff Expenses
Suspense(RAE GEEP)
Accruals
Total		(136,361) (253,069)
Deferred Income Breakdown		(3,401) 3,401 0
Deferred Income Brought Forward
Deferred Income Released in Year
Income Deferred in Year
Total Deferred Income		0

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

	Opening Balance	Income		Expenditur e		Transfers		Movement	Closing Balance
								in Year
	£ 50,741	£		£		£		£	£ 194,746
General Fund		704,698		(683,485)		122,791		144,004
Total	50,741	704,698		(683,485)		122,791		144,004	194,746
10b. Analysis of the fund position: unrestricted funds (Prior year)
	Opening Balance	Income		Expenditur e		Transfers		Movement	Closing Balance
								in Year
	£ 35,907	£		£		£		£	£ 50,741
General Fund		574,643		(559,809)		-		14,834
Total	35,907	574,643		(559,809)		-		14,834	50,741

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

	Opening Income Balance	**Income **	Expenditure	Transfers	Movement	Closing Balance
					in Year
	£ £ 2,687 0 32,457 132,934 37,458 18,831 10,921		£	£	£	£ 0 0 (0) (0) 7,439 (0) 10,921
Academic Apprenticeship				(2,687)	(2,687)
Application Mentoring UCL					-
Sutton Trust - Teacher Champions				(32,457)	(32,457)
Sutton Trust - Summer Provision				(132,934)	(132,934)
Sweaty Betty		37,458	(30,019)		7,439
JINC		18,831	(64,118)	45,287	(0)
Mercers		10,921			10,921
Total	168,078 67,210		(94,137)	(122,791)	(149,718)	- 18,361

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

	Opening Income Balance	Opening Income Balance	Expenditu re	Transfers	Movement	Closing Balance
					in Year
	£ £ 2,687 0 11,100 32,257 10,165 142,528 202,248		£	£	£	£ 2,687 0 32,457 132,934
Academic Apprenticeship					-
Application Mentoring UCL			(33,962)	22,862	0
Sutton Trust - Teacher Champions			(9,966)		199
Sutton Trust - Summer Provision			(188,980)	(22,862)	(9,594)
Total	177,473 223,513		(232,907)	-	(9,395)	168,078

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 2025 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 Sutton Trust programmes (Academics Apprenticeships, Teacher Champion and Summer Provision) were transferred to unrestricted in agreement with Sutton Trust as the income has been reclassified as a purchase of services rather than a grant.

Funds were transferred from unrestricted to cover the over spend on staff time on the JINC project.

12 Analysis of net assets (Current year)

12 Analysis of net assets (Current year)
	Unrestricted Fund	Restricted Funds TOTAL
	£	£ £ 209,685 3,419
Cash at bank and in hand	209,685
Other net current assets /(liabilities)	3,419
Creditors of more than oneyear
TOTAL	213,104	0 213,104

12.b Analysis of net assets (Previous year)

12.b Analysis of net assets (Previous year)
	Unrestricted Fund	Restricted Funds TOTAL
	£	£ £ 168,078 381,644 (162,825)
Cash at bank and in hand	213,566
Other net current assets /(liabilities)	(162,825)
Creditors of more than oneyear
TOTAL	50,741	168,078 218,819

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 £8,784 (2024: £12,914). There are 12 employees enrolled on the pension scheme.

14 Related party transactions

During the year, the charity received income of £Nil (2024: £Nil) from related parties. No amounts were outstanding at year end. There were no other related party transactions during the period.

No expenses were reimbursed to trustees during the year.

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

----- Start of picture text -----
Total Total
2025 2024
£ £
Net income / (expenditure) for the reporting period (5,714) 5,439
Interest (1,226) (1,226)
(Increase)/decrease in debtors (49,537) 41,250
Increase/(decrease) in creditors (116,708) 153,426
Total (173,185) 198,889
----- End of picture text -----

16 Analysis of cash and cash equivalents

		Total Total 2025 2024
		£ £ 206,857 380,349 2,827 1,295
Cash at bank and in hand
Prepaid Cards
Total		209,685 381,644

17 Share capital

The Charity is a private company limited by shares. The Charity has 10 £1 shares which have been partly paid, with the shares held by the Trustees of the Charity.

For progression not determined by privilege

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