REGISTERED CHAIUTY NUMBER: 1179353 REPORT OF THE TRusfEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR THE EDliCATORS' TRUST THE EDUCATOILS, TRUST coYrF.NryS OF TFtF. FtN.4NCIAL STATEMF,Nrs FOR THE YEAR E￿￿ED 31 MARCH 2022 P￿e 2to7 Report of the Trustees Statement of Finallciai Aetivtties Balance Sbeet Notes to the Financial Statemonts 10-1 I THE F.DUCATORS TRLST REPORT OF THE TRUSTF.F.S FOR THE YEAR ENDED 31 hlARCH 2022 The trustees present their reFKYrt and fllwicial ststem¢nts for th¢ year ended 31 March 2022. Th¢ fmancial statements comply with the Trusvs constitution. th¢ Charitics Act 2011, the Companies Act 2006 and Accounting and Rew)rting b). Charities: Statemenl of Recommend¢d Practice applicable to Charkties PTeparing their accounts ilt accordance H"'ith the Financia] Reporting Stmndaftl applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January. 2015). OBJECTIVES AND ACTIvrrIES The objects of the Trust are: a) To reward excellence and innovation in their achievement and ￿￿nIng in order to encourage both students and their mentors to undertoke, and the public to Appreciat¢. the woth of educators b} To promote, by thc aTrard of bursaries and grants and other appropriate means, the devclopment of educators through research and study is appropriate ￿ the profession of educaior and that increases undeFStanding of releyanl opwrtunities and needs c) 'I"o advance the ¢du¢*ion of the public in all matters relating to education and its delivery through promotion of public presentations and discussions of relei'ant developrnell￿ and the generation of reports to FK)licy-making bdies and the general public. ACti￿tieS alld Perf0rn13Trnce In 2021-22 there were 24 active awards presented by the Tru*: The Master's Award f{￿ outstandin(T school leadership. The candldate is nominated by the current Master. Eight Am]ed For¢¢s Awards.. No.22 Group RAF Aw'ard for an outstanding educatorltrainer from the group. 'rhree Cadel Vocational Qualification OrganisatiOD Awards to outstanding volunteer adult leaders in Front Line Management (one trom each of the Amv Cadet Force, the RAF Air Cadets, and the Sea Cadets). The Defente Ac¥dem} Award for an outstanding cducator. The IL4EC & ETC knoeiatioll for an outstanding educator. The Royal Navy for an outstanding cducator. The Army for an outstanding educator. Three donor-named awards dedi¢at¢d fffields generO￿$1Y funded by individual LiverytTEen Mary Carriugton Award for a busineyswomall who h4s made a Signifi￿￿¢ coDtribution to education Keith Hutton Legacy Award for Theatre and Perforniittg Arts Peter W'arrell Award for vocatiollxl education partsiership with CTty and Guilds Two V.dueator8 Trnst- City & Guilds jolmt-funded bursaries in v￿ational training One Educators Tru$1 - Prisonen. Education Trnyt joint-funded for The Prison Educator of thc Ycar. One Educators, Trn5t award in Art & Design Eight Inspiratioll41 Educator Award& awarded to impressi&e and inspiratiOFkal educatots in the field under a theme chosen evm. y¢ar by the tThstees. It was dKided to f(Kus on eduLational excellence in challcnging and unconventional settings. In 2021-29 the theme selected was music education. The Trust has a panel of three expert judges chaired by th¢ Trust Chairman to adjudicate and approve the aw&rds against defmed criteria. The judges have extensive knowledg¢ of and experience in qualty assurance: evalualion and ttssesstnent. A Specialist A(fviser provided the judges with ad￿lce on subj¢¢t kn()wledge and pedagogy. The first Jear of the new programm¢ ¢o-funded ￿1th Cils, & Guilds (C&G) for a Peer Advisor Programme in prisons, delivered b)." St Gilcs Trust. was ￿nSIdered very satisfactory. The vustces w¢r¢ provided with r¢gular r¢ports on its progrcss. ThTS programme provides courses in mental healtli and digital skills. undertaken bv peer advisors to sUp￿rt the prison wpulalion. The training for ¢a¢h group lasts three months and is repeated. hence the funding reaches many more trainers than the preTrious bursaries. 'rhe Awards Dinner and the presentation ofthe 2021 ?2 am-ards was h¢ld on 22 April 2022 and took place in Plaisterers. Livcry. Ilall in the City of London. Every winner and ¢very nominator accepted the inNitstion and expressed excitement abo￿ the evenL There was a pre-dinner drinks rcccptiOJb exclusively for th¢ winn¢TS, th¢ir nominators, th¢ judges and the trustees. Headway has been Tnade with the 2021-22 prioriti¢s.- major priority was Ihe chajlcngc of continuing the trustees, charitable activities under the conditions of Covid regulations. Zoom was used for FK)anl mettings but aIso foT a considcrablc number of informal me￿ing5 to progress busiDe5s. In relation to the administration of the awards programme, a main obs1acle was the slow and sometiTnes lack of restK)nse from esLqblisliments providing educational s¢rYic¢4 both ETrainstr￿ and charities. The impact of Covid m¢ant that mauy stsff were workÈng from home ￿ had left the Org￿lSatIOn8 voluntarily or through redundancy. Skeleton staff duty rotas made email communication slow and often losL and telephone lines were frequenily closed, with messages clearly not answera. Since most of the preparatory work for o awards is persuading su¢h organisations to nominate suitable candidatcs, this made it very dI￿lcult and arduou8. A5 8 resulL the numb¢r of nowninations was low'¢r than in p￿-Pand¢[ni¢ ycars but similar to 2019-2020. However, we were gratificd to notc that thc quality of nominations ivas unaffected and remained very high. The i)nl)' a￿ard that faild to be dclivetyd was our Prison ucator of the Year award. because education ser4ices prisons were discontinued during the pandemic. -The fjrst year of the professional development grdnt fund was successfully launched. Unlike other awards oroJnised by the TrusL this is not focused on any particular academic subJ￿t or professional discipline, and it do¢s not require nomination from any educatiolla] organisalion. It is open to applicati0115 from individual educatlODal prdCtitioncr% full- or part-timc employccs or frcclancc: from any sector of education and training. The only coDdition i5 that applicants must d¢monsts3tr how the grdnts of up to £750 will bc uscd to pursue development opportunities that will suptK)rt aEkd enrich ihcir creativiry, educational skills and knowledge in their professional field. Three applications were approved unconditionally. They included applications for a ¢ai¢ring course. innovative choreogrdphic work with dance students and work with tliose Y*ith disabilities. -This y.ear s Master ha5 ￿ntInUed th¢ effort to remind members of thc Worshipful Company of Educators {:Xhe Companv") of the expeetstion of donations to suppon the philanthropic work carried out by" the Trust. lThere has been a further increase in donations from members and an improved ompl¢tlOD rats of GRft Aid fornis. Publif benefrt 'I'h¢ Itust¢es have complied Nliih their dut). to havc due regard to th¢ guidance on public benefit published b). the Charity Commission in exercising their wiwers and duties. FINANCIAL REv￿w Fin8nci21 Review The Trust continues to appeal for donations separdtelTr from the notification for quartcrdge. Members of the Compan￿. are reminded in thc recruitinent process of the expectation of chariiablc &ctivitiLS of livery cotnpanies. Thc itnpact of awards and bursarkes on previous winners is highligh￿d. The total donated to th¢ Trust by" members of the Companj. during 2021-2022 was £10,643. The number of m¢mbers paying by monthly standing ordcr during the year increased from nine to nineteen, with a number of tnembcr5 making a on¢-off donation. This swll docs not include Gift Aid. InvL¥tmeDt and Reserves Policy The Trust's polic), for investmenl is to maximise the total ￿tUrn. 'lThe trustees ARTn to build and then a&ntain reserves of £1 million to presetve the continuily of th¢ Trust for the foreseeable future. The cutrent policy. level of inv¢stm¢nl and risk appetite is considered to be appropriate by the trustees to ¢nabl¢ th¢ Trust to build its reserves and continu¢ with its grant funding ptY)gramme. This policy was review¢d and agreed by the trnstees during the year. Future PI&DS A new aiN'ard tn Environmentsl Edu&*ion fimded by a Liveryman of the Cornpany" has been 8pproved in prin¢ipl¢ by the trustees. Orgalli&ition5 in ihe fi¢ld will b¢ inwited io nomina* outstanding educators, fulltime and part-time employees or freelance practitioners. alternating on a )'early basis between those working with primtirv_age children 2nd those W0￿7ng with the older age group. The precise dclails of ¢rit¢ri< adjudication and administration have yet to be resolved. Given the InCrea￿d prominence of environmental change and the expansion of this area in the cwriculum of schools and colleges, this new development is timelv. STRUCTURE, GOVKIINANCE AND MANAGEM Governing documellt The Trust is controlled by its ¢onstitution which is its governing document. Organisalional struelure "rhe Trnst ts a charitable incorwrated organisation which wa5 TcgisteTed with the Charity Commi8sion on 26 Julv 2018. "fhc is a su¢¢essor to I"he Educators. Trust Fund (charity number 1104355). The assets of the prCd￿trss0r charity WWE transferred to the Trust on l Apyil 2020. The n]embeT8 of the T￿st are the Tn￿ee$ for the time king. The tru5t¢¢s manage the affairs of th¢ Tn￿ and exercise all the w)wer5 of the Trust as set out in its COIISlilution. The Trust has a minimum of th[￿ and a maximum of twelve trnstees. The Trust CLtrrently has ten trustees who are aprXiint￿ bj. Ihe other trustees for a terni of three years. Since 31 sl March 2021 four new trustees have been apwint¢d and a rtfth has been reapw)inted for a further term. 11)e new trustees were recruited trom amongsl the members of"Ihe Worshipful Compan} of Educators. An analysis Trvas undertaken to id¢ntify th¢ ski115 needed. The Vacanci￿ advertised to all members of the Company Via its newsletters. Applicat&ons w¢re invited and the trustees evaluated the applications basLd on the advertised criteria. AppoÈntments were ¢onfirnied by the trustccs at a properly convened meeting. Trustee meetinus are held quarterly and this year wwr held Via Zoom technology du¢ to thc Covid pandemic. The Master and the Clerk of the Covnpany are inVTted to attend Trust meetings ex-offjcio along with Ihe pr¢vious Chair of the Tnjst M,ho was given the tille, emerilus cusloday. for her knowledge of the history of the I rust. The Honorary Treasurer 2nd Honorary" Secrethry dso altend trustee meetings as offieers of the T￿St. Other than the trustee4 all other attendees do so in a non-voting capacity. Ncw trust¢¢s ar¢ provided with copies of key documcnts which explain the background. wlicics and proCedU￿S of the Tn￿1. Compliance The Trnst doe5 not us¢ a professional fvndrnis¢r or ¢ommer¢ial partic&pator. Apttals for donation5 ar¢ made only to meinbers of the Worshipful Company of Educators. The )Thstees keep up to date with regulations of the Charity Commission and ensure that the Trust complies with all relevant legislation, No failure5 in compliance hav¢ b¢¢n noted aDd no complaints have b¢¢n rec¢iv¢d lor the pcri(Kl vered by this rcw)rt. The Chairnlan and ihe Honorary Treasurer attend UFKlating 5eminaJ3 foT tru5tccs of ¢hwili¢s on such issues as= changes in regulation, movements in global mark¢ls. investment vehicles and their relative perfoTmance and Dew i$5ues in clwity inveslment. THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2022 REFERENCE AND ADMIIYISTRATIVE DETAttS Registered Charity, n￿mber 1179J53 Principal Address 8 Little Trinity Lan¢ London EC4V 2AN Trusleo Dr Jennifcr Somerville (Chaimian) Mr Brett BadeT Mr Nicholas Ben¢e-Trower Dr Yvonne Burne OBE (r¢sign¢d 3014n021) Paul Bowers l&wson (apwinted 21412021) Dr Susan Cousin Professur Simon tknny (resign￿1 251712021) Professor Sir Deian Hopktn Professor DaTrid Skidmore {apFKtrillted 2J4r2021) Mr Da&id Taylor (resigned 301412021) Mr Arkthony Will¢nbruch (resigned 2517120?1) Mr Brian Ward (appointcd 119n021) Mrs F.TEid Weaver (appointed 11912021) Mr Peter Williams CBE Honorary Secretar Ms Martha Burnige Honornry Treasurer Prof¢ssor Sitnon Denny (Tesigned 251712021) Professor LKlartin Collins lapwini¢d 11812021) Bankers HSBC UK Bank pl¢ I ccnt¢n￿ Square Birn]Ingha￿ B I IHQ Annual Aecoullts Miclia¢la Kalaria FCCA 21 Tcwkesbury Cl(Trse Northampton NN4 SNA THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ETIDED 31 MARCH 2022 STATEMENf OF TRUSTEES, RESPONSIBILtTIES Th¢ Iru5tCCs arc responsible for preparin8 the Trustees. Rcport and the financial statements in accordance with applicable law and United Kingdom Accounting Srandards {Uniled Kingdom Generally Accepted Accounting Practice)- The law applicabl¢ to Charities in England & Walcs rcquire5 the Trust￿$ to preparc finatkcial statemenis for each financial year which gil'e a true and fair vi¢iv of the sta* of th¢ affairs of the Trust and of the incoming rcwllrces and applicaiion of resources of the Trnst for that period. In preparing thes¢ financial ststements. the Trustccs requir￿ to". - Select 5Uitable accourÉting wlicies and then apply them consistently. - Observe the mrthods and principles in the Charities SORP: - Make judgements and ¢stimates that are r¢asonabl¢ aod prudent: Stste wheth¢r applicable accounting standards have E*en followed, subject to any material departures disclosed and explained in the financial stsiements: - Prepare the financial slalements on th¢ going conc¢rn basi5 unless it is inappropriate to presume that the Trust will Continue in business. The Trnstees are rc5PODsibl¢ for keeping protKr accovntÈng re¢ords that disclose with reasonable accuracy at any time the financial wysition of the Charit), and ¢nable them to eiisure that the financial 5tate¥nents comply with the Charities Act 201 l. the Charity (Accounts and Reports) Regulations 2008 and the governing documenL The> atr also responsible for safeguarding the assets of the Charity and hence for taking r￿Sonable steps for the prevention and detection of fraud and other iTregularitieg. Approved by order of the Board of Trustees on and sigr*ed on its ￿half by: Jennifer Somervill¢ Charnian of Trnstces THE EDUCATORS. TRUSf FUND srATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MARCH 2022 2022 Unrestricted Funds 2021 Unrestricted Funds Notes INCOME Incoming resources from generated funds: Voluntary income Investfflent income Gift Aid Tots5 incorne 10,643 10.042 16,176 972 2,876 16,159 27,190 EXPENDITURE Charitable activities Totsl expendlwle 19,567 19.567 10.925 10.925 NET INCOME 16.265 Other recognised gainslbsses Realised and unrealised 83inslllossesl on investment assets Net movement in éunds 28.666 63,013 25,257 79,278 Total funds brought fonvavd 464.795 385,517 TOTAL FUNDS CARRIED FORWARD 4￿.052 464.795 THE EDUCATORS, TRusf FUND BALANCE SHEET AS AT 31 MARCH 2022 Notes 2022 2021 FIXED ASSETS Investments 416,112 387,446 CURRENT ASSErs Cash at bank Debtors accrual 71,064 2A76 73,940 78.549 78,549 CREDITORS Ikn)uDts tsllin8duewbithin weye•rl Creditors accrual 1,21M) 1,2110 73,940 77,349 NET ASSETS 490,052 464,795 FUNDS OFTHE CHARITY General Fund 490,052 490.052 464,795 464.795 TOTAL CHARITY FUNDS THE EDUCATORS. TRUST FUND PIOTES TO THE FINANCIALSTATEMEI 2021 I. I)ONATlOtIS RECEIVED donatNJns SundrytloThatio¥ts-Tru5tee5 8351 L792 2￿76 7.965 1077 972 L3.519 Jl.014 I CHARThABLE A¢nVlffS prtze5 and awards Go¥omance ￿Sts: ProfessH)nal Fee5 Trust fund tsoo￿et 5S 4,140 254 258 Otherctrsts E INVESTMENIS Listed Investmerts". Market value at iArrril 2021 Purchase atcost 387A46 324.433 387,446 324,433 Revaluations- Unreali*d in¥estff*rtgairrflks$1 mar*¢tva￿e at31 MaY¢h 2Q22 28.5E6 416.112 63J)13 imestmerrtswer2hekl￿Ik UK 2021 4. OEBTORS Amounts owed ty related partiE51s*thxe 76 2￿76 S. CREIYTORS INkpendent E¥aminerFÈe-*u￿l 1,2(K) 1,2 io & AINDS ghtfor**rf Ihcor•ikn¥ tIApr12021 T•sth￿l at31 Marth 2014 UnTe5kndedfun 464.ns 16.159 567 49)￿52 TOTAL 16.159 49)￿2 7. PEiATED PARTYTtiA145AalONS The followtEetitity s cortsthredto iEa ¢Lited pa￿10 the Charftr. The WorshlpfLI Company of EthThto E4.5ts) was paidto the W0[5￿p[bIC0rllary0f E(kK3ttysfoFkniTh5tiatK)nfee Durir*the Yearts*TnSt￿￿￿¥tsd atotalof £1.79212021".E2Mn)tvthe Chatity. There were other rebted partytrartsactK)n5ththrqthe ye*. li