REGISTERED CIL4RITY NUMBER: 1179353 REPORT OF THE TRUSTEES AIYD UNAUDITED FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2023 FOR THE EDUCATORS TRUST Spurling Cannon Chartered Certificd A¢¢ountonts 424 Margatc ROT W¢s¢wood RHm5gat¢ K¢nt CT12 6SJ
THE EDUCATORS TRUST CONfENfs OF THE FINAE4CL4L STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2023 Page Report of the Trllstees IDdependent Examiner's Report Ststement of FinaD¢ial Activitie5 Balance Sheet Notes to tbe Financial Statements 10 to 14 Dct4iled Statement of Fittaneial AetiTrYtie8 15
THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Thc Trust¢es Prescnt their report and finall¢ial $tstemenL5 for Ihe year ended 31 March 2023. Th¢ financial statcmenls comply with th¢ Trust's wnStitUtio Charities Aei 2011. the CompaDi¢5 Act 26 and Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢&bl¢ to Charities prepatiD8 their accounts kn a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢lond IFRS 1021 {effe¢tiv¢ l January 2015). OBJECTIVES AND ACTIVITIES Objectlves attd a¢tlYltlei The objects orth¢ Trust hte: a) To reward ex¢¢ll¢n¢¢ innovation in tbeir achievement and training in order to encowag¢ both SdentS their nwitors undertake. and the publi¢ to appr¢ciat¢, the WOTk of educators b) To promoK by th¢ #ward of bwsaries and grants and other appropriate meaD& the devek)pm¢nt of ¢dat0 tbrou8h researeb gnd study thai is appropriate to tbe ptofe$5ioll of ¢ducstor and t1 illerc&ses undetanding of KlevaDI OPElU11¢1¢s and ne*Js } To thancc the cduc4ti0n of the public in all matters relating to education and its delivery through promotion of public presen{10$ and diussiOnS of r¢l¢vani developments. and the ge¢ratIO0 of repotls to policy making bodies and the 8eneAI publi¢. Pag¢ I
THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ORIECTIVES AND ACTivrfiES Activities and Performance In 2022-3 the Tru5Vs awards programme included 25 awards.. Four donor-named awards in dedi¢at¢d fields gen¢rously funded by individual Liverymcn.. Mary tAlU Carrington I£gacy Award for 8 businesswornsn who has made a signifIcant contribution to education Keith Hutton Legacy Award for Th¢atr¢ and PerfOrlg Arts Peter Watren Award for vocational education partuership with Ciry and Guilds Rob¢rt J Jones Award for Enviton]neutal Education 20 Award5 4pproved by Trustees and funded by the EdMutor5 Trust The Master Educ&toVs Award for outstanding school leadership Seven Anned Forces Awards: No.22 Group RAF Award for an outstanding educatorltrdiner from the group. Three Cadet Vocational Qualification Organisation Awards to outstanding volunteer adult leaders in Front Line Management (one from each of the Arniy Cadet Force, the RAF Air Cadets. and the Sea Cadets). The Defence Academy Award for aD outstanding educator. The RAEC & ETC Association for all outstanding educator. The Royal Navy for au outstattding educator. Thr¢e awards for peer mentoring in pri$ tn a maieh-fimded partnership with City & Guilds One award for Prison Edueatot of the Year in partnership with the Prisoners, Education Trust Olle award in Art & Desig Eight Inspirational Educator Awards for outstanding and inspitational educators it) the field under a theme chosen every year by the ttustees. A Sb-theM¢ is educational excellence in challenging or unconventional settings. In 2022-23 the them¢ seleeted was altemative education. The Trust has a panel of three expert judges chaired by tbe Trust cha1rlln to adjudi¢at¢ and approve the awards agaiJ)st d¢fJned lterIa. The numbeE of noffiinations for th¢ awards were up compared to the last few yeats, 8 reflection of educational organisations recovering after the upheaval of the Covid palldernÈc. The judging panels reported pleasure in the very high qualkty of some of the nominations, parti11rEY in Art & Design. The only award that failed to be delivered was th¢ PTiSQll Educator of the Year award, beesuse education setvices in prisons continued to be affecied by regulations intro(luced during the pandernic. The Prisollers Education TNSI with whom we work in partnership foE tbis award is confident that th¢ preliminary competitive processes in prisons from which the TNst judges select a Ivinrter of the winner5', will be fim¢tioning next year. The Educators Fund also supports a Profcssional DeY¢lopm¢nt Gront Fiind. Unlik¢ oth¢r award5 OTganiscd by th¢ Trust, this is not focused on any particular academic subject Or professional discipline, and it does not require nornination from any educatiOTJal OTganisation. It is open tt> applications frorn individual educational practitioners, fllll- OT part-tim¢ cmployees OF freelance, from any sector tsf cdu¢ation and training. The nllmber of suee¢ssful appli¢ation$ varies year in relation to the ovetall budget and the quaIity and 2ppropriaten¢ss of ttppli¢ations. lrt 2022-23 three applicants were success1 its the first trdnche. With the expaDSiQn of the Tnjst's award5 programme, the organisati0Th21 stW¢llw¢ of the quality a8surnn¢e pro¢ess ha5 been changed. Two sub-groups of judges have been estsblished.- one for the EnviroDrnental Education award requiring Scientific expertise- and one for the Grants Scheme composed of judges from a variety of backgrnunds. These ttvo grollps report to the overarching panel of three judges who have extensive knowledge of and experience in qualiry assurance, evaluation and assessmcnt, who have responsibility for the other awards. The panel calls llpon speeialist subject advisers whell necessary. Th¢ Jnilitsry awards are judged by thc various military units thernselves witb the winners reported to the Company. Pagc 2
THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES The work alld iTnpact of the Trust's charitable woth has be¢n well promoted on the Compan$ website, 9md in th¢ Colnpany's Ma8a2itie whert it has severnl dedicated pagcs with orti¢les by award winners acCOpanIed by lively 'aetLOn' photographs. A new tri-fold promotional has also b¢¢n drafted and publish¢d, highLighting the most ci¢3tiv¢ and inllovative of our award winnets. This has been distributed at Compolly events and more wi(kly to the educational public. The Awards Dinner and tbe presentation of the 2022-23 awards will be beld on 21st April 2023 in the Mcrchant Taylor5, Livery Hall in th¢ City of EA)ndoL Every willtler alld every nominator have acceptcd the invitAtion and expressed excitement about the event. There will be pre-dinw drinks reception exclwively for tbe winners, th¢ir nominators. the judges and the tntees. In pursuit of the Tnt'S Charitable Object 3 to promot¢ knowledge about the Trust's work and tts impact, a 'Meet the Trust, ¢vent is planned for 31 May 2023 at th¢ Guildhall, Londoll. This will bc open to the general public as well as embers of the Worship1 Company of Educators and other liveries. The Chair and the Treasurer will d¢scribe the chatitable activities of the Tn( how its Fund is spent and the impact they have on the benefieiaries. However, the bighlight will be presentations by three of the award wilmers this year d¢ribing their work and what their awards Jneant for them. Developtnents ill 21122-2023 The Tru5Vs Strategic Plan 2018-2023 coeS to an ¢nd this y¢ar so a priority for th¢ Board was to plan for and complete a new Straiegic Plat) 2023-2028. A plallDing day was held in S¢pt¢mb¢E 2022 at which th¢ broad parameters main priorities were agteed. The Cbair ulldertook to complete Part A to include a brief history of the Trnst and an assessmerti of Ats achievements itt the 2018-2023 period which was approved by the Board. Two otber Task-and-Fiuish Groups w¢r¢ s¢t up to pr¢par¢ documellts for Part B.. on¢ to consider Financial and Futtd-Raising Stsat¢gy' the oth¢r to fo¢us Cornmunications Strategy. The Financ¢ arld FUnd-R"S1ng Group presented its proposal5 at th¢ Dec¢rnber 2022 rne¢tiThg, the Collllnutlications Group at the March 2023 eetIllg. Th¢ proce&s is on track to ¢omplet¢, and the fal drafi appioved at the Board n]eetiThg ill May 2023. During the year, a major decision was taken in Conjunction with the Master and Ward¢ns aThd approved by Cowt, to trallsfer the ]lItary awards to the Company. With the incr¢as¢ in tb¢ number of links established between the Company and military OaniSatIOnS and a concomitant number of m¢dals and shields beit)g awarded olltstanding cducators in military servA¢e, Tffustees were of the wjanimous vi¢w that it no longer had a role in th¢ quality assuranc¢ process of selectin8 Witwtng catididates. It was felt tbat it would reflect the de facto $iation for the TNst to band over responsibilsty for all military awards to the Company and eT)able th¢m to truly reflect the Celebratory ¢lement of the Memoranda of Understandill8 Wlth mÈlitary establishments. The cost of these awards alld related tIvIty will pass to tILe Cornpany's budget. Anoth¢r irnportant developEllent was tbe f]nancial dectsion of tbe Trnst to manage its own eurrent bank account illstead of the Company Office and Clerk. As the business of the Corllpauy h&$ expanded. th¢ worldoad and pressures on the Office have increased considerably. It was decided by the Trnst Board, in cortsulration with the Master and Wardens of the Company. that the financial affairs of the Trtl would bo mor¢ effeetivcly managed by a financial administrator assiststig the Hollorary Tieasurer. Att appropriatsly qualificd volunt¢¢r was identificd among th¢ Educat0, Liverymen. For similar reasons of efficiency tirneline55 in relatSOll to the Company Office workload. it was decid¢d to appoint the Tru5Vs Web-manager aud develop its owll website albeit linked to the Company's wcbsit¢. A TnTStee wlth professional expertise in this area volunteered for this positio The current Master has energetically promoted philanthropie giving in her public addresses and has specifically encouraged donating to the Compan& Trust through tlke committee stNcttwe of the Company. She has considerable experience in charity fund-raising and has contributed idcas to the ongoing disa$109 among Trustees about fvtur¢ activities to increase donations fmnL the metnbers and from gucsts at Company ¢v¢nts. This has aIteady paid divid¢nds in th¢ s¢tting up of a JustGiving facility for dtstrs which will mak¢ the adrninistrdtÈon of donations and Gift Aid more efficient. There has been & furtber incr¢as¢ in donations from members artd all improved completion rate of Gift Aid forn. Page 3
THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTKVITIES During the year the Chair of the Trust wa5 invited to join the pan-city Livery Charity Chairs Group. This holds monthly seminars about specifie issues of clwity management and an annual eonference of key is6u¢s for Charities. The Group 15 broad-bas¢d, Covering diverse subjeet 8reas and types of beneficiaries, but reveals many common problem5 and issues among tts m¢mb¢rs, relating to governance, financial decision-making, relations with parent Companies and public bcnefit. It is proving most usefvl for the Trust to be able to network with other livery ch8rity chails. to leattl from others. and measure ourselvcs against the best and the standard. A boost to trnStees' morale th¢ Tt Fllnd came in March with the news of & large legacy from a Foiinding membcr of the Company. Thc greater part of this will be invested to safeguard and husband rcsouwes to ensure the continuity of the Trnst for the bellefit of future gellerdtions of educators. The remainder will be used to augment the value of our cutTent charitable activities. Public benefit The tru$Lee5 have complied with their duty to have due regard to the guidArtce on public b¢n¢fit published by the Charity CotDmission in exercising their powers and duties. The charitable activities described this Report directly benefit educational practitiollers in the maintained sector as well as in chariiies deliverittg edueational serwices, and indireetly wider audiettees through ejihancing publtc knowledge aJd understgmding of excelleue¢ innovation in the UK edueaÈion sector. FINANCIAL REVIEW FiRaDeial Revlew The TLUSt continues to appeal for donatlolls 5epaTately from the notification for quarterage. Members of the Company ar¢ r¢rnind¢d in the re¢DJitnt process of the expectstion of charitable activities of livery eompani¢s. The impact of awards and bursaries on previous winners És bighlighted. The total donated to the Tst by members of the Company during 2022-2023 was £105,888, largely eoDsequelltial to a single large donation of £IOO,000. This sum does not include Gift AIIL or money raised in a Iaffle. The number of eMberS payiug by montbly standing order during tILe year incr¢3s¢d to 25. The nutllber of eberS rnakiDg Single donations was 33. Investment & Reserves Poltey The Tntee$, policy for invcstmenl is to maxitThise the total retIll. The Trustees aim to build and then maintain reserves of £1 million to pres¢rve the continuity of the Trust for the foreseeable fiEture. The current policy, level of investment and risk appetite is considered to be appropriate by the Trllstees to enable the Trust to build its reserves and continue with its gTant fullding pmgran]m¢. This policy was reviewed and agreed by the Trnst¢es during the y¢ar. STRUCTURE. GOVERNANCE ATrID MANAGEMENT Governing document Th¢ Trust Ès corltrolled by its constibjtion wbich is its goveming document. Page 4
THE EDUCATORS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21123 STRUCTURE, GOVERNANCE AM) MANAGENT Orgalli54tion41 Strueture The TN5t 15 a charitable in¢oo)orAted orgatiisation which was r¢gistered with the Charity Conllnission on 26 July 2018. Thc Trust is a suwessor to Th¢ Edllcators, Ttust Fund (charity numbu 1104355). Th¢ assets of the PTed¢c&ssor charity w¢rc transferred to th¢ Tntst on l April 2020. Th¢ trustees manag¢ the affaits of th¢ Tnjsi and exercise all the powers of the Tnt as set out irt its eonstitution. The Trust ha5 a minimum of thr¢e and a maximllm of twelve trnstee5. Th¢ Trnst curr¢lltly ha5 nine ttustees including the Chair. Trnstees are appointed by thc other tru5t¢¢$ for 2 terni of three years. Trnstee meetitigs are held quarterly. In 2022-3 Zoom fa¢ility ¢ontitkued to be offer¢d foT those tntee$ who were too ill to attend of whose journeys were disnipted by transport strike5. Thc Mast¢r, the Upper Warden and the Clerk of the Company are invited to attend TThst meetillgs ex officio along with thc previou5 Chair of the Trust who was given the title. emeritus custoda5, for her knowledg¢ of tbe history of th¢ Trust. The Honorary Treasurer and Honordry Secretary also attend tNstee meetings 2$ officers of the Tmst, as will th¢ flllancial administrator in future. Other than thc trust$, all other attendees do 50 in a Don-voting capacity. New trustees are provided with copies of kcy documents whieh explaill the background, policies and procedures of th¢ Trust as part of their induction. Compliace The Trust does not use & professional hmdraiser or con]m¢rcial partieipator. Appeals for donations are made ODly to members of the Worshipful Company of Educators. Th¢ Trustees keep up to date wittL regulations the Cbarity Commission and ensur¢ that tbc Trust complies with all relevant legislatio No failures in compliance have been noted and no complaints havc be£n received for the period Covered by this report. The Chairnian and tbe Honorary Tr¢3suttr attend updatit)g s¢mioars for trust£es of charities such issues as.. change$ in regulation. move¢ts in global rthkets, inv¢stmcnt vehicles and th¢ir relative perfozrnance. new issues in charity investment. REFEREPICE AND ADMINISTRATIVE DETAILS Registered Charity number 1179J53 PriDcip41 address 8 Littlc Trinity Lan¢ Londott EC4V 2AN P88¢ 5
THE EDUCATORS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Trustees
N Bence-Trower S Cousin D Skidmore B Bader P R Williams CBE J Somerville Chairman D Hopkin P Bowers Isaacson BWard E Weaver
Honorary Secretary Ms M Burnige
Honorary Treasurer
Professor S Denny (resigned 25/7/2021) Professor M Collins (appointed 1/8/2021)
Bankers HSBC UK Bank plc 1 Centenary Square Birmingham Bl lHQ
Independent Examiner
Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ
Approved by order of the board of trustees on 6 September 2023 and signed on its behalf by:
J Somerville - Trustee
Page 6
IM)EPENDENT EMMINER'S REPORT TO THE TRUSTEES OF THE EDUCATORS TRUST Independ¢rtt examiner's report to the trustees of The Educators Trust I report to the charity trustees on my examinaiioll of the accounts of The Educators Trust (th¢ Trust) for tbe year ¢nded 31 March 2023. Responsibilities and basis of rep(trrt As th¢ charity trnstees of tbe Trnst you are responsible for the prepar&tion of the a¢¢ounts in accordanc¢ witli the requirements of the Charities Act 2011 {'tbe Act,). I report ill respect of my &vamillation of the Tnt'S wcounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicabl¢ Directions givell by the Charity Comtnission under S¢¢tion 145(5)Ib) of the Act. Independent examiner's ststement I have copIeted my examination. I confimi that no mat¢rial matters have come to my attention in connection with the exatlliuation givi8 E¢ cause to believe that in any Jnaterial r¢spe¢t.' accouuting records were not k¢pt ill respect of the Tnt as required by Section 130 of the AeL' or thc a¢¢oiwts do Thot a¢wrd witb those records: or thc accounts do not cotnply with Ibe applscable requ2rem¢nts concerning the forni and eontent of accounts set out in the chltieS (Accounts and Reports) Regulations 2008 other thAll any wquir¢Tnent that rhe a¢Ullts give a tN¢ and fair view which is not a matter consi(kred as part of an iDdependeni examination. I have ]LO concerns attd have come across no other ntterS in connection with the &xamination to which att¢lltiOll should be drawll tbis report order to ¢nable a prop udstanding of th¢ accoullts to be reachd. Sophi¢ Grant Spurling Cannon Chartcred Certifi¢d A¢¢ountants 424 Mafgate Road Westwood Ramsgaie Kent CT12 6SJ Date.. Pag¢ 7
THE EDUCATORS TRUST STATEMENT OF FINANCEAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Unrestrl¢ted rund 2022 Totsl runds Notes INCOME AND ENDOWMENTS FROM Dollations and le8acics 114,184 13,519 Inv¢5trtkent ineome Tot41 16.159 EXPENDITURE ON Charilable activities Educators. Tn N¢t yin(lO$Se$) on investrnents 28.666 NET INCOME 73A35 25,257 RECONCILtATION OF FUNDS To¢al fidS brought fotward 490,052 464,795 TOTAL FUNDS CARRIED FORWARD The notes forni part of th¢5¢ fJnanci315tatements Pa8e 8
THE EDUCATORS TRUST BALANCE SHEET 31 MARCH 2023 21123 U]¢$tricted fund 2022 Totsl funds Notes FIXED ASSETS Investments 398,014 416,112 CURRENf ASSEIS Debtor5 Cash at bank 2,898 2,876 171,776 73.940 CREDITORS Amounts falling due within one year (A203) NET CURRENf ASSETS 165 573 TOTAL ASSETS LESS CURRENT LIABILITIES 563J87 490,052 NET ASSETS FUNDS Unrc5tricted fi]n 563J87 TOTAL FUNDS 563 The financial ststements were approved by the Board of Trn$tees and authori5ed for issue on ..6.S£p.temknor.2023........ and w¢re signed on its behalf by.. J Sotnerville- Truste£ The notes forni part of these financial stsi¢m¢nrs PaB¢ 9
THE EDUCATORS TRUST NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLECIES Basis of preparittE the finaneial statements The Fuela1 statements of the charity, which is a public benefit entity under FRS 102, have been prepated in aordanc¢ witb th¢ Ciwiti¢s SOIiP (FRS 102) 'Ac¢ounting and Reportillg by Charities-. stament of Rccornmellded Practicc applicablc to chariti¢s preparing th¢ir accounts in accordance with the Fitmneial Reporting Siandard applicable in the UK and Rq)ublic of Ireland (FRS 1021 (¢ff¢ctive l Jathuary 20191,, Financial R¢porting Standard 102 The Financial R¢porting Standard applicable in thc UK and Republic of Ireland, and the ChkTlties Act 2011. The financial statemcnts have been prepared uuder the historical cost ¢onv¢ntion, with th¢ ¢x¢¢ption of iuv¢stm¢nt$ which are includcd at market valuc, as modified by th¢ revaluation of eertain assets. Income All Éncome is recognised in the Statement of FinanciÈl Activities on¢¢ the Charity has cntitlement to the funds. it is probable that the income will be received alld tbe amollnt be measured reliably. Expendithre Liabilities are recognised as expenditure as soon as There is a legal or constructiv¢ obligation ¢ommitting the charity to that expendittre, it is probable that a transfer of economie benefit$ will be required in settlement and the amount of the obligaiion can be rneaswed reliably. Expendittw¢ is accounted for OTh an a¢cn]a15 basis attd has been classified under headings th aggregate all cost related to tbe category. Wher¢ cts$ts cannot bc dircctly attributed to particular headings tbey have beell allocated to activities on a basis ¢on$i5tent with the use of resour¢es. Tsxation The charity is extpt fro tax oll its charitable aCtitieS. Fund 8ccounting Unrestrictcd fill8 can be in aecordanee witb the charttabl¢ obj¢¢tives at the discretioll of the trllstees. Restricted can only be used for particular restricted purposes within the obj¢¢ts of ihe charity. Restrictions arise when specifLed by the donor or when funds are raised for particular restricled purposes. Further explanation of the uatur¢ audputpos¢ of fid is in¢lude(l in the notes to the fitydllctal $tat¢rn¢nts. Hire purehase and leasine commitments Rentals paid under opernting leases are charged to the Statement of Financial Activities oll a straigbt line 1$ over the period of tbe lease. DONATIONS AND LEGACIES 2023 2022 SLEndry donations Sundry donations- Twste¢5 Gift aid 109,788 1,498 8.851 1,792 2,876 114,184 13.519 Pag¢ 10 continued...
THE EDUCATORS TRUST NOTES TO THE FITrIANCIAL STATEMENTS- eontRlllle4 FOR THE YEAR ENDED 31 MARCH 2023 INVESTMENT INCOIIIE 2023 2022 Investtnent income 2,640 TRUSTEESI REMUNERATION AND BENEFITS Th¢r¢ w¢r¢ Tho trustecs, remuneration or other bcll¢fit5 for y¢ar ended 31 March 2023 nor for th¢ year ended 31 March 2022. Trusttts, expenses There were no tru$t¢¢$' ¢xp¢ns¢s p&id for the year ended 31 m9h2O25 nor for tbe y¢ar ended 3 1 March 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtVlTIES Unr¢stricted fid INC0Th AND ENDOWIWJENfs FROM Donations attd legacies 13,519 Investtnellt incom¢ 2,640 Totsl 16,159 EXPENDITURE ON Charit&ble 8Ctiv5ties Educatws, Trust 19,568 Net gains on investhlents 28,666 NET INCOME 25,257 RECONCILIATIOP4 OF FUNDS To1 funds brought forward 464,795 TOTAL Fuf4DS CARIUED FORWARD 490,052 Pagell continueiL..
THE EDUCATORS TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢Otstinued FOR THE YEAR Ef4DED 31 MARCH 21123 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l April 2022 RevaluatiOUS 416.112 18 098) At 31 March 2023 398.014 NET BOOK VALUE At 31 March 2023 398,014 At 31 Mah 2022 416,112 Ther¢ w¢re no investment assets outside the UK. Cost or valllation at 31 March 2023 is reprcsented by.. Listed Investments Valuation in 2021 Valuation in 2022 Valuation in 2023 387,446 28,666 18,098 398 014 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Prepayments alld accnwd incom¢ CREDfioRS: AMOiINTS FALLING DUE WITHIN ONE YEAR 2023 2022 Ac¢Lued expenses MOVEMENT IN FUNDS Net movemellt in funds At 31.3.23 At 1.4.22 Unrestricted fumds General f(u 490,052 73,535 563A87 TOTAL FUNDS 490 052 73 S63 $87 Page 12 conlinued..
THE EDUCATORS TRUST NOTES TO THE FINANCIAL STATEMENTS- eontAnued FOR THE YEAR ENDED 31 MARCH 2023 MOVELIIENT IN FUNDS- cotttitiued Net movement in tunds, included in the above are follow5.' Incoming resoiirc¢5 Resourees ¢xpellded Gains and losses Mov¢m¢nt in funds Unrestricted futtds General rtd 115,484 (23,851) (18.098) 73,535 TOTAL Fuf4DS 23,851 (18 098) Comparatives for movement in funds Net movement iti funds At 1.4.21 31.322 Unrestri¢ted fund5 General fid 464,795 25,257 4,052 TOTAL Fuf4DS 464 795 4,052 Compatative net Jnov¢ment funds, in¢lud¢d in th¢ abov¢ ar¢ as fgllows: Incommg resources Resources expcndcd Gains and losse$ Movejnent in funds Unrestrictcd funds General fid 16,159 (19,568) 28,666 25,257 TOTAL FUNDS 19 568) 28,666 25,257 A currcnt year 12 montbs attd prioz year 12 months combined position is as follows: Net movement ill funds At 31.3.23 At 1.4.21 UDrestrReted funds General fill 464,795 98,792 563.587 TOTAL FUNDS 464,795 98.792 563,587 Page 13 continued...
THE EDUCATORS TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2023 MOVEMENT If+1 FUNDS- continued A current Ye 12 months and prior yeAr 12 months combined net movement in funds, included in th¢ abov¢ are as follows". Incoming r¢souNes Resources expended Gains 8Thd losses Movement in futsds Unrestrieted funds G¢n¢ral fiwd 131,043 (43.419) 10,568 98,792 TOTAL FUNDS 131,643 43,419 10,568 98,792 io. RELATED PARTY DISCLOSURES The following entity is eonsidered io be a related paty to th¢ Charity.. The Worshipful Company of Educators During the year the Twst¢es donated a total of £1.498 (2021: £1,792) to the Charity. There weffe no otlw related paty tsansa¢tions during th¢ year. Page 14
THE EDUCATORS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 INCOME AND ENDOWMENTS Donatioll5 and legacl Sundry donations Sundry donations- Trustees Gift aid IlJ9,788 1,498 2,898 8,851 1,792 114,184 13,519 Investment income Investmet iucoll 2.640 Total incoming reMurfe5 115,484 16,159 EXPENDITURE Charitable activities Prizes and awards &950 [3,855 Support Costs Governanee coats Auditors, rcmuneration Educators Company admillistration fe¢ Otber costs Tjust fund booklet Prof¢ssiotHI fees Award dinner HMRC 1,440 4,500 3,698 263 450 4J50 200 4,500 509 254 450 14,901 Totsl resources expended 23,851 19,568 Net incom&l{expenditure} 3,409) This page does not forn) part of the slatutory fittancial ststemettts Page 15