REPORT OF THE TRUSTEL8 AND FOR THE FuCAT0Bs TrUST Spurlmg Cannotk 424 ko4d Kcnt 12 &SJ
THE EDUCATORS TRUST FOR THE YEAR ENDED 31 MARCH 2021 Pxge Report orth¢ T$tl I to 6 Indepettdent EJaJnltter'$ Report Statemettl ofFlllandal A¢iv£tk# Bal•nce Sbed Nots8 t• the FIBalldl Ststemtmts 10 to 12 Detalled Sl#lemen of Flbndal Activlths 13
THE EDUCATORS TRU REPORT OF THE TrUSTELS FOR THE YEAR LNDED 31 MARCH 2021 The Tr(tstees present their teport arwj finallcial ststennts for th¢ year ended 31 March 2021. The fitkncial stat¢nMts comply with Trttsls conStstyts C17ariues Act 2011. th¢ Cony80i¢s Act 26 at AccountiThg and Rq)ortin8 by Charitics.. SÈatewot of Recolljmended Pradic¢ applicable io Clwilie5 preparing their sonts in accordance the FiEJaocial R¢En8 Staodord applicable in tht UK and Republic of Ireland {FRS 102) {cff¢Live l J8aU8ry 2015). We would liTre to speciat acktmwledgoxm to Michaeja Kalaria for kn eontributioo and support throuthout th¢ Objectives and actitIeS Th¢ objt¢ts of the Tnjst e.' a) Tts resvard trxccllence and innovation in their achievemeftt aad trainin8 tsn order to en¢ I students and thetr mentors to undenake, and the pthlic to appreciate, the work of educatNs b) To ptOTttOte, bythe award of bllfsaries and and othtrapproprthte mean& the developEt of eatorS through research and that is appropriate to the prof10ft of eth*4tor and that increases erStandIg of relevatrt OPPOTtimitiu alld Evds ¢) To advarJ¢¢ th¢ 10 of the public in al) matters rElatsng to eation and its delivery thro prony)tton of publi¢ presetttsti0ts8 and di8108 of relevant developments. kttd the getieration of reports th poticy rr4kio8 bodi¢s attd the general public. Page I
THE EDUCATORS TRL'ST REPORT OF THE TRiFSTELS FOR THE YEAR ENDED 31 MARCH 2021 OBJECTIVLS AND ACTIvrtIES ActRiqties PerformiNce In 2021k21 theie wer¢ 22 &1Ve aw4rd% prledbY the Tn The Master's Award. the aw a topic Chos by th Mastr Six Amied Forces Awards- No.ZZ Group RAF Award foi an outstanding educatorltrainei from thc group. ThC Cadet Vocatloul Quallfitatlon OYganlsztioB Aw#rds to outs#anth8 volwjtrcr aduh lead¢rs in FTont Line Management (one from cAch of Ihe Army Ca¢kt Fot¢4 the RAF Air Cwjets, arml th¢ Sea C¥Scts). The Defence Academy Award for an outstattding eth8. The RAEC & ETC Assoclatlon for aTh outstsndiT2g &Ju¢ator. Fow doDor.llamed awards, bursaries dedic fi¢ld5 gencrousty rded by1rdivithj Liveryuxu: Gtoffyey Boa Award In Art Mary Lou Carrlngttsn Award for a bvslnesswomaR wh• ude a signlfiuDt ntrIbUtIOn to educAIJ•tt Kelth Hutton Leg%cy Awrd fTrrTheatre and PerformiNg Arts Peter Warren Award for Ettglneering pttttership with Clry aRd Gvll¢ts Two Edueators Tru4t- city & Gullds jo1at-fded bprsarie5 in voEiotsal trainitt8 One Edu¢tors Th1st-PrlsonerB' FAJveatloA Trust joint-fuTxkd aiyard forThe Prison Educa of the Year. Ei&ht Insplrtlon#l Educator Aw4rd& awarthd w imprGive and inspiratiottal &Jv¢atOTS tbe field und£f a theEne chosen ¢very year by the Trnstees. It was thcidcd kn f(KJJS on ¢thKation8] ex¢ellencc in cha]lenging a[ unconv¢fitioAal seitings, In .020-21 th£ themc lected wds VEronMent91 education. The awdrds are us¢d by wit) to pursue professional developmeat their field& Thc Tn]st bas a paDel of three expLIt judges chaired by the Tnt Chaim)ao to adjudicate aod approve the awards agaffinsi d¢fiDed critttia. Th¢ judges bave ¢xtensive kllowledge of and experience in quality assUtaDce. evaluation artd ass¢ssTocnL Thi5 ycar a new rolc of Specialist Adviser was created. to provide the judgcs with advic¢ on subject kllowledgc and pedagogy. Th"s was wy and the TrLtstees d¢cxdcd to rEttin it for for¢ years. A revi¢w of the Memorar5dwn of Un<l¢rstanding wth City & Guilds IC&GI was conducted and c4)ncluded thai the ¢urrent fomut for the Ihree nmlch-fidCd bursaries vlas not meeiillg its objectives. A n¢w forn)at was agreed to jointly nd a Peer Advi50r Progrdmrn¢ in prisons d¢livcred by St Giles TnLSL This will provide a ski51s development progranune ITr m¢Trtal health and digital Skills 4mong the prisots populalion. U[thrt2k by peer advisots. Since th¢ traIlg for each grow) 1&sts three rn0 th¢ fuodingwill rvdch E]Jar¥y nre traittts th8n the previous butsartes. Lii'eryman Pr Warren lleed to tTaTL8fer his anmtal bursary to the new Scheme with C&G for want of quality ttdidalc5 for bis existing engineerin8 awdt<L A th¢w Mou draw and the thme sthrt¢d May 2021. The Awdr& Dinner for the pres¢nt2Éion of the 2020-21 awards at a Livery Hall planned for 30th April 2021. Every witmer and every nominaknr bad accepted the iDVitatiOK and exptesscd exciteDnt 8iy)w th¢ eveni. Untoriunately. thc lockdown following the pandemic Cov19 prevented this being held. Winner5 and nominee5 w¢re Invited to the next LIV th'nnet allowed ty Covid revatio. A Simil postwnemeni wzs lljade neCery of thc 8nnual scminar, to lockdowp. However, Tnjstees sought an altemative way of celebratin8 the outstanding achievennts of educatOTS in the increasingly importarrt area of ellvironmen¢al ¢dttcatio WinKs agreed to feature in an online event by presenting their work through ipidco clips, stfrll photO8raplks, poM¢r tTrts, artwork atxl so on It cknsed on a high with a challcDgiDg sph by national cxperL Prof Tim lang, who emphasisell that ellvtronffKlltal edatio whsle valuable. cannot alone solve the envtrollmentsl issue5 th¢ Earth faces. Th¢ winner5 tram¢ from a]1 over Engl2t and thEÈr projects werc varied from wetland% and the Cornish coast to fami s¢h(KJls urban green spaccs. Over 40 people 30¢d the ev¢nt dnit more watched lh¢ recording subsequeTr+ly. Requests have been n)adc for the Tn& to Fepeat tbis type of online showcage for winne[5 in the fute. Page 2
THE EDUCATORS TRU REPORT OF THE TRusfEES FOR THE YEAR EI)ED 31 MARCH 2021 HeadThy b¢eD mad¢ with the 2020-21 priorities.. - A major priority wgs the challenge of 1[18 thE Tn, cTrAritablE acttvities uroJer the cotiditiofys of Covid re8UtatioIis. Zoom Th used for Fw)8rd meetjngs lyjt also for a LI1derable of iofotmal me¢iings to progres5 b1¢55. A malts obs(a¢k wa5 tIMt educational estsbljsbmeE& mainstream pn)vision ad charities, had skeleton staff duty rota5. and email cOmrAc8ton was slow atKI often losL SitK¢ na)si of the preparary work for our awards is persuaibng 5u¢h organisJti008 to minate plidateS for our awards, this was nwle very dil¢U11 and 3{du(s. As a result. the of n¢)minalions was lower than previous yeaT4 but tbe quality maintained. Tbe only avwd that failed to b¢ delivered was ow Prison Eth8 of the Year bese ethtion serviccs in prisons w discontknued during thc pandenjic. . The developmertt of the llew professiotml d1cMent grartt b8s beett utrjerttho by 8 Tagk Group of Tn¢$. Unlike oiher awards schemes organigyl by the TTUSL this is OA any particu18r aclemic subject Ot professional disciplin< and it does not reqwe nomination from any u¢10nal organTsation. It is open ts applic8ti0tt8 from individual educional practition¢rs. fuU- or part4irne en)ployEes or free-lawe, frvm any Sect of education and trÈining. The only condition is that they must demnstrate the of up to £750 will be to pursue d¢v¢lOp[nt oppotthnities that will SpOrt aThl enrtch their crntivity. ¢du¢ational skills aTKI knoge in their pmfessional field. ThE new grant fi0 w&s launch on l (ktober 2021. . The period of ftanCial 5UPPOrt from a donor for thtAward in Art IAS come to an end. However, the T agreed to rnaintsin and fitnd a dedica1 avard for educAtion ID thi4 fjeld b1 brnadertd its scope Art and Destgn. Speeialist eolleges WAII be invited to rtomiJwt¢ outsi ¢tiodidates from their educaiion fidl. or part4ime OI tutor p¥actitioKers. . The resignation of th¢ Hoaorarysecretary because of the ptessw¢ of hi5 proCessioD&l employnt, Aattl that the t¢¢ruitnMIt of a r¢pla¢en]¢nt a priority for Tnjstees. An appointDient W85 ID June 2020 of aD excdlent ¢andidat¢. & charity and ethati(ts laThyer. . Headway has be¢n Ire&s]n8 the awaren of thbets of th¢ wbiP1 Compaoy ofEdUcalS of th¢ tradttion of philanthropy in the Iwbrry Master of the CoryaDy thts y¢ar has been very 5UPPOrtive and mad¢ r¢fer¢Dce to the charitable work of th¢ Tn1 in several of his speeches. There has been an increase in donatio from aDd att in4)roved ¢ompl¢lioL rnt¢ of Gift Aid FornL4. Hover. a millotity of Compally InembS hav¢ wwleted Gift Aid fonns and thc Tnt contimr its efforts to I¢¢•s¢ iM)th dotsats"oDs and GifiAid. Thtbli¢ beB¢fit Th¢ have cornplied with their (hrty to bave du¢ re8&d to the guidae on public bcnefit publis1d by the Cbarity Comztussion ID ex¢rcisiD8 theÉr powtts alld dthies. FiD4n£ial Reylew The T¥usi continues to appeal for donations s¢parat¢ly from the tIfatiOn for quartern8¢. Member& of the Company are rcmindcd of the expectation of £lwitable activilie5 of livery ¢or4)anies. The impact of aw7rds atsd butsarirs on pmtioug WiDm¢YS is htghlighted. The tolal donated to the by membe[5 of the Company dwing 2020-2021 was £10,042. Th¥. number of 0Mbe poyiog by JnoDlhty sdIng order dllfing thc y¢ar irycreased frorn aill¢ to ninete with a number of members [ringA one-off donation. This gurn does not Include Gift At Investment & ReKr¥es Polley The Twste¢$' policy for inv¢stment is to maximise the total rEtUnL The TnLStccs atm to build And thett DHirt8in reserves of £1 nilltion to preserve the continuity of th¢ TrLESt for tbe foreseeable fjJtur¢. The current policy* l¢v¢l of ittvestment #nd risk 4)p¢tite is considcrcd io be appropriats by the Tn]stee8 kn enable the TNst to build its reserves and cottrin with its grdnt fimding programnK. This policywas reviewed and agreed by the TnL5tees thriD8 the year. Page 3
ThE EDUCATORS TRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAXCH 2021 FirruRE PLANS The concern for the Imdiate fi]tute is the swc¢thl launcb a delivery of the Professiona] Development Grant Sch¢rne as it Js new venture in typts of dwi18ble activity aitncd at awid¢T and dIvee constitscocy. The flrst year will be treated a% a pilo¢ enluatedand amcfid 8s appropriate. Focusing on prA¢(tslng eduetor6 in any subject in any Sector of education wi]1 make the grant hIlY dististhve among Iiw COEnpanies. as wryu its reach io edu¢ation prof1011alS in the ie8toThs. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing docllment The rh2rity is controlled by its 8overnillg d(KumcnL a de&1 of aDd cotistiDxion of a charitsblr A0[pOrdtCd organisation. Org4Di5ational Strncture The Trt is a charitabl¢ incorporated organi#tioA 1¢ v45 regist£ted with fhe Charsty Conmtssion on 26 July 2018. The Trust is a suc¢¢s501 to The Educators. Tnst (chaiity 1104355). The assets of thc wedecessor charity weie transf¢tI to the Tn& on l April 2020. The llmbers of the Tn are the TnL8tees for the time bein8. The Trwses marf8ge the affairs of T¢ armj exercise all thc po7hrts of the T[t as out in its IxFnstitLrtton. has a minimum of thrtt and a maximum of twelve trte. The T wr¢rttty has ten tri¢¢$ who are appoinied by the other trusM for a term of three years. Since 31st Maich 2021 four tNSt¢es have been appointed and a fjfth has been rCapin[ for a fvrtber The new trust¢¢s werc recruited from amongst the members of Ihe w0hlPful CompaDy of Educats)rs. An aDaly5is undertaken to identify the skills tseede(L Tk vacancies advcrtised to all memb¢rs of the Company via its Thle11th5. Applications werc invited 3fyJ the Trustees evaluat{ the applications basgl on the advert¥s¢d crittria. AppoiDtraenls wer¢ Collfirn by Ihe Tn>ttes at a properly COllVCDed mceting. Trstee meetings are held 4arterty aDd thi5 ye•r w¢r¢ ld via Zoom tt£hnology to the Covid paJME¢mic. The Master, the Imme¢thatc Past Mzstei and the Clerk of the Wor5bipfjJl Conwany of Edwtors are invitrd to 2ttend -TntsL ¢XvoITIcitt with Ihe pr¢Y10% LThair ofthc Tntsi who.ws Ven t1 lil1¥.e(tts cy.siod_4 lor h¢r knowledge of the history of the Tn The Honorary Treamr atKI Honorary Secretory also attend meetings officcis of the Tnksl. Othu than the Tnc 311 o11wteudetS do so io a Thon vottng c&pacity. New Tn]stees are provided with copies of kty Twhicb cxplaiD the baCkg[th policie5 and proccdure5 of the Trttst. Compllahte The Tnt do&% notusc rd prof]1 fithiwor wmftKrcial parti¢ipator. App¢als for donatio are mad¢ only to mb¢rs of the Worshipful Compatsyof FAIUCar& The Trustees kecp up to date wtth regulatkons the Charity Commissiofi atid Cnsure that the Tn Corw)ll wtth all relevant legisl•ioTr No failurts in cotrwliance have been noted and no ¢ornplaints have be¢n rettived for thr perÉod covered by this reF. The Lltaimiall and the Honorary TaSurer attend updating seminars for tr¢5 of ch3ritses on Slkch issuts ts: changi¥ in resulaiion, nN)vements in global market invcstmeni v¢hi¢l¥% 2nd thcit re13five perfornwce. new iswes in ctOTtty invesimenL REFERENCE AND ADMINISTRATIVE DETAILS Regi$tertd Charlty Dumbtr 1179353 Prlllclp81 addr¢ss 8 Littlo Trinity L London EC4V 2AN Page 4
THE EDUCATORS TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Trnste¢ ' BCe.T[mVer (appoifjt¢d 2115r2020) S Cousin D Skithllore (appoitited 2141221) B Bad¢r lappoitit¢d 214f2021) P R WiUiattLs CBE J Somerville Chatmmn D Hopkin P Bowrrs 15aacson (app)ittted 2J4r2021) Y Burn¢ OBE {r¢5igned 301412021) S Denny (rcsigned 25n12021) D Taylor (resigned 301412021) A WilleEthch (resi4125n021) B Ward (appoird 119ll021) E Weaver (appointed 119r202I) HtsllorAry Seere¢ry G Stsnfield {£18ed 3 Inll020) Butni8e (appoittted Iigr2f)20} HoTrorry Tre*wrer S Dw (resigned 25rir2021) M Collins (appointed 118r2021) B4nk¢ri HSBC UK Bank plc I Centenary Square Binningham BI IHQ Independent Eumltter Spwling Cattn¢m 424 Margate Road W¢stWM)od Ratat¢ Kettt CT12 6SJ Page 5
THF. EDIICATORS TRiiST kTr.PORT "I"HE I'RLSTEkS TrOR TIIF. I-F...R E.NDED 31 NIARCH 9021 srA TF.MF.NT OF TRIISTF.F.S' RE.SPI)N..STBILII'IE TIIL, '1111siecs rL%Pt)IINiblL lil". PsepJri:iLr Ilii. Trile.%, Repori aiid tlie fl1wl1 s13mefit5 iii a¢¢(>rdaiic¢ with appliLablL li w and UiJitLyl K5Trgdom A(1}011n Stsndgsd)- jUnilLd kingdom Genci.lI]S Acccplcd AcLoualinb Pi'RLIicL}. The laii, ,11)plsL#blc lo Charities in England & Wales requirus thc Trusie£s lo picparL fiiiancial SiaEcn)etit¥ for ye¢U ich gil'e a irLie and fair view nf ilk. St1C uf Ihe dffdirs ot. t4c Tfust aiid of tiJe inLomin8 f6&ouTCfS and '.IppIILilii)n ol'rL'soufLLS 4)t-1. Tt lor iljai pcfiod. In picparing finiiTrcial fiaienTrenTS. Ihe TfiistL*cbg 8Te rcqJiicd 10.. sclet suitabl. 2¢¢1)untlAg policics nd then arpl¥ thcm cnnsisieiiily., Clb£cii'c ilie TllCthi)ds and principlcs in thc ChJKili(3 50RP- NJl4ike jii(Igir11¢4115 anil LStima(cs Il?ai arc rc2%onablt at%[ pnidillt St21¥ ivlieihir api)liiable accounsing sthndatds hivc follow subjed to 11.. i)wterial departur¢s disclosed aixl eYplJin(,d tlie tin?n¢i&11 gtli tcrnerits- Prep&iE thL fin(Ineial stalcnknis on Ihe going coo¢em bails iwliS> Jl Ès inappropiiatc lo prLsiime that thc Ti'ust wtll The Trik%tc¢% Irc fLSPOAgible for kLYpsng propcr 3c¢oyntiDg rtior(ts tl)31 disclose with rvJsonable xccuraty at ai)v iiime Ili= lindnci<il p04iiioll 0¢. Ib.L Ch1¥11y and itE2ble Ilieni iu i?%ill Ihii I IhL finajicial SlalLmciiih cThiiJpIy ¥Vlth die Charili¥S Illl ?0 I I, tbL Cliariw IAcLoun15 ynd R¢rrt)ris) Rcgulations ?08 1 lid thc 2OViliiiJi¥ d(lIfl751l. FhLI'" ¢lie AI&0 &posI11.. for S2i¢gul1 I"dint thL ass¢ts ol-llie Charilv and hen¢¢ for taking rc475onAbl¥ qtLV.s f(Ir thL prei'eiilton aiid dLtcctioa of frilid ar.d o¥heY i[rgUI)i"lrtres. Appi'oi.-ed by urder of thL boaid of Irust¢¢s oti and g1_Ld ils behalt-by.. - T)1¢¢ Pa¢ 6
INDEPENDENT EXAMIYER'S REPORT TO THE TRUSTEES OP THE EDiICATORS TRusr Indepejdent ex4mkner's report to th¢ tnutea of The Educ#tors Tr¥st I rcpjrt to charity ttE¢S (JKL w eXalnation of the xcouttts of The FA&¢0[£ TAtst (the Tntst) fw the year ended 31 Marcb 2021. Rtsponsibflltles and ba515 of repbrt As the charity ttee$ of the Tn]8t you resp)b for the prepar8ti¢)n of a£ciMJots aOrdanCe wtth the requiremerrts of the aw111 Act 2011 (Ihe Ace). I report in re5t of my examinatiott of the TnL¢s accounts carTied out seLtion 145 of th¢ Act and in ¢arryitig out rny examinatioTL I bave follovKd all applicable Di110$ givEn bythe tharity und¢r section 145(5Nb) of the Acl. Indepthhdefrt ex#mln¢r's ststem¢nt I hxvt complet¢d my examinatioTh I confwm that material rnatt¢r5 come to my attention in connedion with the couoting records [e llot kept in respttt ofthe Tr%¢85 rryued bysectioD 130 of A¢L or the acco¥mis do not accord with those rd5. or th¢ a¢counts do rtoi ¢omply wtth th¢ 2ppli¢abk r¢quiKm¢nts cthi¢¢rnillg th¢ fomi and content of acllnts set out krt the a)arili&s (Accounts atbd Reports) Regul10n$ 28 othei than any rquirement that the accounts give a I have no ¢oThc¢rt]s aod hav¢ conx across no dh¢r matters in ¢onne¢uon with the exatiiin10n h) L¢b attelltion slK)uld b¢ drÈvm iu this r¢port in ord¢r ioenabl¢ a propu uthtsDding of th¢ to b¢ T¢act Sophie Grant ACCA Spurling Cannon CThatter¢d certed Acco 424 Mar8ate Road Ra82¢e Kent cr12 6SJ Da". Ir./.o! .1....%I.... Page 7
THE EDUCATORS TR17sr FOR THE ITAR EIYDED 31 l¥fARCH 2021 Unrcstri¢ted fuajd INCOM£ AJ4D ENDOWMENTS FROM Donations aDd l¢gacies 11.014 InVestnt iDCOm¢ 16,176 27,1911 Charttable aftivitl¢s Edtscators, Tnt IV2S Nel gains Oll ttivestma 63013 NET INCOME 79378 RECONCILIATION OF FUNDS Totsl fund5 brottght forwrd 38517 TOTAL FUNDS CARRIED FORWARD 464,795 The noies formpart of these fal21 statelnents Pa8c 8
THE EDL.CATORS TRiiST BALAPICE SHEET 31.%IARCH 2021 Ufft)t¢stiicted f(md Notes FIXED ASSETS Investrttctils 387,446 CiTRREYf ASSETS Glj at bank 78,549 CREDITORS Amounis falling due within one yeat {1,200) NET CURRENT A&SETS 77.349 TOI'AL ASSETS LESS CLIRRENT ,IABILITIES 41b4.79 NET ASSETS 464.71). FUh'DS IltirL'%tri¥*cd fud5 .1th.1.71)5 TOTAL FIINDS 4114.79 The firtancial statements w¢re approved by the Board of Trtee$ and aUtliSed for issue . gDd were si8ned its bdjalf by." on ille- Trnbie¢ The notc5 forry) part of thcs¢ fin2n¢iai btstcmLrykt$ Page 9
THE EDLTCATORS TRUST NOTES TO ThE FfNANaAL sfATEMEYrs FOR THE YEAR ENDED 31 MARCH 2021 AccourfriNG POLICIES Basis of preparlng the fihaneial statements The financial stateTnents of ihe charFty, which is a pthlic ¢otity FRS 101 h3ve been wepared in aecordance wiLh the Charities SORP IFRS 102) 'Accowiting and ReportiTr8 by Ch&riti¢5: Statement of Recommended Practice applicable to ch&rities preyaring their attoutys in accordan¢e with the Financial RqK)rting 8tsndard PAppliable the UK and Republic of Itel8rd IFRS 102) leffcctsve 1 5anuary 2019),. Financial Rcportittg Standard 102 The Financial Reponing Siatmlard applicable in the UK and Repubikc of Ireland, and the Cbarittes Act 2011. The fiEThncial stAnts have been prepared under thc historieal eost convetttion. with the exception of inwstsFxnts which are irKIded at maJet value, as nw)dified by the revaluatiOD of c¢rtaitt a$5ets. Income All incofne is rrtognTsed in the Statement of Financial Activities once the charity has en¢itkm¢nt to the nds, it is probable that the income will be rtteived and the am¢)unt can be nrasured reliably. Eypendlture Liabilities are recognised as expendKts]re as S4)on as therE is a Iwl or co]k8tswtive obligation ¢ornmittsng th ¢harity to that expctMJittLre, 1¢ is probabk that a traDgfer of econonllc lneffftts will be required i# settlEeftt and the atnoutrt of the obligation Can M¢2$u ieltabl>. Expendtiurt acc(>ullted for on an accntals basis and has bccTr classifJe4 Wer headiE2gs that agsrcg4te all cosi rcIatl to th¢ cat¢gory. Whcrc costs cannot b¢ dirxtly attrtbuted to particu]ar hdingS thcy hav¢ bcen alliKat¢d t(J ¥tivÉties on a basis eonsisteni with the of resources. TaiAtIo The charity is exempt from tax ott its cl)aritsbleacliviues. Fund 8etOlllltlag Unrestricted fimds cao be 9¢d in aecordaaKe with the ¢hzEÉthble objeeiives at the discfetion of th¢ tnL5te¢s. Rcstricred funds ooly be fLKparticulat rc#ricted pOSe$ within th¢ obj¢cts of the charity. Restrictions arise wh¢n 4)ecified by the d(1 ot when fi]nds are taised for particulat F&%ttiued purposes. Fllrt&tr cxplattationof the Dabjte aThJpwwJK of ¢8cb fimd is iiKludcd ia the notss to th¢ fuwicial statemellts. Hlre purchase and leas1*% towmItnllts R¢ntsls paid urtder op¢raUrA8 leases are cljarged to the Statement of Filwl#l Activities OD a strait lin¢ basis over the period of the lease. DONATTOTrIS AND LEGACIF Sndry donations sWry donaiioTLS- Tnltts Gifl aid 7965 2,077 972 11,014 ?agelO contin¥¢d...
THK KDUCATORS TRU NOTFS TO THE FINANCIAL STATEN(EYfs. e•nthiued FOR THE YEAR EI¥DED 31 MARCll 2021 INVESTMENT INCOME fMv¢5tment inwm¢ 1&176 investments MARKET VALUE Additions RcvaEuatio 324.433 63.013 At31 MCh2O21 387.446 Nrf BOOK VALUE At 31 March 2021 387846 Cost orvaluationat 31 M#tth2021 is repre$ty. IA5ted Valuation in 2021 387.446 CREDfroRS: AMOIINfs FALLING DUE wrrHIN ONE YEAR 121)0 N# At 3113r21 At 114120 iti fldS Unrestrlcted General fiu 3W17 79,278 464,795 TOTAL FUNDS 385A17 79378 Pagell continued...
THE EDUCATORS TRUST OTLS TO TUE FINAF4CIAL STATEhlENfs. Cond#ed FOR THE YEAJI ENDKD 31 MARCH 2021 MOVEMEFrr IN FUN. eontlwd Net move1rt in imclptsj in thE alM)ve tre as follo. TDcomt08 R¢80urccs Gains artd Movement Unre%trlcted funds G¢D¢fdl fimd 27.190 (10.925) 61013 79378 TOTAL FUNDS 27,190 {l•J25) 63,013 79378 The folloTring etitity k8 CODsider&l to be arelated pattyto th¢ Lbtity. The Wor8bipfid Conwany of EductrS During the year the TnLees donat¢d a tt)ts101£2.077 (2020: to tl Cbtirity. Pag¢ 12
THF. EDUCATORS TRU FOR THE YEAR LYDED 31 IKARCH 2021 Don*ttOnB a4d ]eycles Sujjdry donatio]LS 7965 2,077 9T£ Gift #id IIA114 Investment fneDme Inve5ttRent income IQ176 Tots] IAcomlnE rtsowees 27,190 Cha]Itable aettTIOos Prize5 avrdrds Support costs Governin<¢ costs Auditors. r¢muDVRtioll 1,200 4.000 828 258 499 Oth¢r c08ts TTUSt fimd bookl Proknional fees 6,785 10,925 16,265 Thi5 page does not fomi of the ststutory financial ststemu Page 13