Charfty regIStraOn number 1181279 PASSION FOR LEARNING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PASSION FOR LEARNING LEGAL AND ADMINISTRATIVE INFORMATION frnste8S Mr5 D Clark Mr P R Johnson Mrs J Rich Mr C Gaskln Mrs C Mcconnell Charity number 1181279 Independ&nt èxamlner Sue Harris MAACA ChampionAWwoods Mited 2nd Floor Refuge House 33-37 Wat8rgale Row Chester CH12LE
PASSION FOR LEARNING CONTENTS Page Twslees, rgport 1- 10 lThYep8ndent exarnine¢s port 11 staternent of ffinancial aolivities 12 Balance she&t 13 Notes lo the finandal statements 14-22
PASSION FOR LEARNING TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The truslg88 pr8$8nt th&ir annual roport and flrnancial stat8m8nts for the year ènded 31 Derkmber 2023. The finandal statements have been wepared in accordance with the accountlng Policies set out In note 1 lo the finanaal s14lemenls and comply wllh the CIO'S governing documènt, the ChariU8s Act 2011 and "Accounting and Reporting by Charitles.. Statement of Re¢ommended PracCe appIlbI$ to chariti8s pr8p?ring th8ir account5 in accordanc8 wlth Iho Flnandal Reporting Standard appllcable In the UK and Republic of Ireland IFRS 102} leffecbve 1 January 20191 Oblectlves and aGtFvFtles Passlon for Learning is a charitable cOrpor91ed org8ni5atlon, originally founded in 2011 to rgcnjit, tr8in and resouree Community volunteers lo support and inspire children to develop ambitions and become effectwe readers and leamers abl910 fvlfll their potential. Ourobi8cliv&s rsmain asssf out ouroonstil(thii.' Tho advanc8npiit of 8duc8b(In of chihlt8Tr &god up to end tnLludlng 16 yeRts by (buf thou1 prejudico h) tho geneFBlily of the To019) pmviding 8&sislanc¢i and support to school ag8 childre13 to d8V81op their ts8diiJg 8nd writing skllls,- ènd Any 8xcIusiv81y ¢h8ritsbl8 puws scconlFng to the law ol Engl8nd 6nd Wales that th& charity fruslees may In their-absoluta.dftserob'on deteftmine fmm-lim8 to ts'ffl8. Our miB$ion is lo make leamiw hjn by using an increasing rangè tsf dlversè but complementary activillès, experiences, r&sources, outings and events to enrich Ihg chlldren's l¢ves and Spark their curiosity about th8ii wodd. The imparts that W8 work lo achieve 8T6 d8signed to support chlldren to reach expected levels in line wlth their peers. The achievement gap continues lo widen, 8nd tnany children sirnply do not have the experiences that thsir mofft fortunate peers take for granted. These are the activities that widen our horizons. $ophisli¢ale our v0bulare3 alld give us th8 Soal and ?[notion too15 that we will need to succeed at school and in later life. Our funders. Sthools and famili98 (x)ntinue to appreciale that the experiencBs and 5UPPOrt that wp give the children are tICal lo their development bul also dtfficul if fjol irnpossib18 for s¢hools lo providg given the d8rnands of the currlcldum and the strains on school budgets. Actlvltles The charity is forever indebted to a f8ntasllc team of volunteers who, together with staff who are passionate about the work that we do, enable Passion for Leaming to d81iv8r 8d&ctic mix of bespoke $etvices. Our rnmmunity volvnteers show a level of commitmeJ)t. eXibilitY and reliability that 1$ ltical lo enstsring that the children that we woth wtth get the be$1 possible exporience. Our train9 ensu$ that the volunteers get the ¥nlormalion and SUPPDri that they need lo do the best possible job ai?d they in tum become our eyes and ears in the comtnunity ensuring that we aTe 1è5ponsiv8 to the changing needs of our childrern Ènd families. Our approach lo reu1tsnenI is highly indltssve because we are QOTnmitted lo ensuring that we add va5ue to our Bommurkrtie5 by upskn11ing our volunteews and emp(Mering them to lead their own sessions and advocate for the needs and interests of the ¢hildren that they gel lo know so we55. In addition lo our volunteer workknce our partnership with local businesses, Charities and organisalions provides ys wth additional help and 8XP6rlise lo ensure thal we can offer the support roqui16d or slgnp051 èffpGtively as part ol community of care. We know our ¢onimuriilio$ 9Xtrornely well, but we 8lso look oulwards to identify new areas of need and depriv8tion as w911 as inwai(ts to ensure that we are alert lo emerging challenges within the communities that we Support. We know that the ¢hShJren that PÈssion for Learnlng's volunteers support typlcaHy lead very predicLable and Ilmiung liv6s wolh litde of the enrichment that help chlldreD to flourish. In addrtion to the impact on188fning. our childran's mental w811-b@ing 15 IAighted by a lack of opportunities to play oullloors and enjoy the natural enwronment that so many others are surrounded by. Many of th@ thildi6n that wa worf( wilh hav8 nèV@r been to a beach or loiest and few have ventuied fBriom thelr own small cornmunes. Passion ftsr Learning recognizes that lar loo many of our childr8n live ill 8pp311ingly callellging urwrnstances often dealing with the irnpaot ol poverty, rnental and physical ill Iiealth, domesUc abuse, drugs, alcohol and plethura ol Dlher i5sue5. The weight of responsibility and trarna uTrdoubtedly itnp&cts on their own m8ntsi health and their need for rè5Pite to play. explore their own interests and be d)ildren is overwhelmlng.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 For so many people holidays are an irnpossible dream and even relatively local Irip8 are a luxury Ihat they carsnot afford. The demands of large famllles, being a single pbrent. dealing with children with addilional needs and many other Ihings mean that a trip to the local park can be out ol the questiorn. Children wilh Iltlle or no experienc&s OLrtsidè Of thelr own tiny envlronmenls lack Ihe opportunity lo draw upon these activllies lo 6nrlch and enhan their readlng, wrilng and, eruclally. verbal communir2tion ski115. In addition, the ¢hildren that we work with have no opportunrty to grow socially and émotionally and develop the behawours that they nèod to ¢ope with new situations, d8V81op problem solving skills and bec0ffl8 confldent adutts. In short. the thildren that wa wotk with are simply not able to flourish 8ducatsonally, PhysilIY or emotionally. Oui 1..1 SUPPDrt remains a core 5ervlce and an incrtrssing number Df schools aT8 appr08ching us to seek support lor their m05t vulnerable chlkjren. We continue to work tD Provide resour$. training and expe¥lerice$ for our volunteers lo ensksre that they have the best possible toolkit to support the very diverse range ol children that thèy work with. Increasingly our volunteers 8re supporting some ol the youngest childien, as woll as those in KS2, as s¢hool8 struggle wlth th8 impact ol the pandemi¢ on their youngest ¢hildren. In addluon lo our endless focus Dn rèadlng and lil¥ra¢y we work hard ID give children a range of maths and saencè atlivitles to slimulal8 their in18rest and give the children a range ol ¢onlexts for their raa(5ing and learning. In summer 2023 we said 9Dodby8 to the malonfy_ of the refugee childran that our volunteers had beerh SUPPOrting sin(x they airived in this country in an airtrft in septemb 2022. The project provided bespoke resources and support lo help thg children to leam English 10ft8n from scratthl and become familiar with activ8, games and resources that many of them had never seen befo. The project was an outstanding success and the progress made was quite Incredible. Our Enrichment Club5 continua to be a wre seTrice and wè smply can'l generate the fvnding thal wè requirE fast enough lo meet the demand lor th858 dubs. Th6 impact of the enChM&nl that we prowdo to the 300 childr8n that att8iid oui dub5 is incr6dibk with parents and schools 1611ing us that thg experience is that their shildren value above any other part of their week. A number of our partner businesses sponsor these clubs. but we need tnore. In addilion, rn(Ire of our partner5 prode the chiltsren wilh inGredibl& t*xp¥rl¥iiL&ts Including visits lo their site5 to inspire fvturé 8mbilior15. One Slieh example is our L8w School Prolect in partnership with Ch8Stef Universlty whl¢h glves ehildren from enrrichment dubs the opportunity to debate and ullimatety {aller a niimber of Sessions wlth law student51 take part in a mo¢k trial (this year of Supem)anl to enable them lo act as a jury in a real court environmenl. The experi0n erkrls wtth their'graduation,. Our famili8s, voluTri&ers and schools provide us wtth the knTrwledge thal we need lo targ8t our setwces on particular 15sues. Post pandernic il became very Glear that m8ny ol our children and fatnilies had become increasingly Isolated. Outdoor play had decreased and fafflille5 have lost confidence in venturing f31 from thèir Dwn hotn8s. Our Oukdoor Play PToject Gonlinues to impact on this15suè. We provided hundTeds of childr6N with the Ghance to spend a day outdoors expl1ng naluie and redis¢ov8ring th& fun that playing outside offers. The8e s655ion5 look pla bolh in the grounds of the schoo15 th&ms&lves and then 12S th8 children's eonfidence grew) in local parf(5 and nature re8erves. Where possible we included the parents providing a whde day, in a park that they Could walk lo, that wès fvll of ideas for them to enjoy nature with their children. These sessions were incredibly powlar, and fafflilies promded very positive fgedba¢k about the experien¢e8 and the collfiden¢6 that It gave them lo take their Children lo play ovtdooTS more often. Copiou5 research shows that experienL5 of the pandemic ha aifver5dy impacted on the ¢hildron and tsmilies that we suptx>rt, and the achievpmenl gap 18 riow wider than ever. Increasingly. our childr8n have become more and more used lo being 2t home. The Gonfidence lo venture out is in short supply and sthoolB ar8 Struggling lo bridge the academie gap before they ever conslder the appa517g dearth Df enrithment that the pandemic 8nfotced on already vulnerablo catftmunitS.
PASSION FOR LEARNING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Many ol the chldren that we work wth lack tha opportunwès thet open their 8y8S to th8 worfd outside of thelr own communities, 80 trips and outings are a mainstay ol our Wofk. This year the chikIn have bean to theatres, parks, larms, ffjslauranls, bookshops, big bunesses SUGh as Fqegatta and ger Traileis a5 well as simple trips clos8 10 hom8 such 8S tha nuisery and recéption trips to th8 local supefmatkel lo choose and buy the fresh food required lo make thr snacL Every trip and experience that we provide indudes the glft of a book relevant lo that eXperI6Ce for the child to take home and yet again this year we have glven oth thousands of books tts our Mn[t18S. We continue to r8cognisÈ th8 impact of the cost of living crisis on our families and we are very aware DI the number of Childn who have litme a¢5$ to the r&sour¢es that they need at horne to pY and learn. Every School holiday wè hsvts continued lo provid8 erhMent bags lull of such resources to all of th8 Chdren Ihal we SLtpporl weeWy. At Christmas we piovide around 500 such bags with art and craft materials, books and other little treats to help make the holiday special for our chli dren and their families. In 2023 we also coi)structed Santa's Worshop in Ouf Trinity H811 aTrd invitad schools and local lamli ies to come and enjoy a ran90 ol festive activities. Our aim is always to share our facilities with as many Children and young people as posslble so thls year we were approached by a spedal school providing edueatlon and 5UPPOrt for young people seriously slrL¥ggling wtEh mental heallh prob18ms. Th8 school now bring a small group or indilua1 child lo our Trinity a¢tiV4ty hall lo enjoy a dlfferent setting and some simple a¢tivltie$ to enric their day. Al Christmas we made thè docislon to provide all the school, ytsullg people and staff with a Christrna5 dinner and bespoke pre88rn& IOT evèry young person. The young people and staff desenFed this expèri8nc8 as a Tnajor highllghlTor everyone. We txnlinue lo have a major focus on grmng shildren the motivation that ihey need to priorrtise their leamlng and understand why reading and 16aming is itnportant for thelr future. Our focus on cai88rs contlTrU8S 3nd, as well as trips ad workshops from local businesses, our Careers Camival remains a flagship 8v8tit. Once again this year 300 children enjoyed a 11 day trying out 2 very wide range of excstsng activities provided by OLJr partner busiTres5es. Each year we work hard to connect with new partnefs and ofler thts Chlldrèn ss many experieiices as possib18 and thi5 year we w@rb dellglrted to welcome (amongst oth8rs} Liverpool and Everton FC as well 8$ 1010 games. The feedback from this evenl continues trp be OLrtslandirJg and every school recryni$e$ the value ol thls unlque opportunity th8 children who rarely get the opportunty to connect with the wodd of work that other children often have wrthin their extend families. In 2023 we created a fantastic 8xp6rien¢e using our Imaginarium ar>d Trinity hall space lo inspire and develop chldren's literacy skills using threo high quality children's books. The space was used lo create what we called our 'Book Bariquet, in whith Childrei) were Immersed in three separatè wodds that tnatcli8d the setting lor each book. Th8 ehddreii became part of the story and took parl in activities that enriched their understanding of the story and the votsbulary that so many of our children stwggle to develop. Schools were universally enthu5iastlo about th8 opportunity leading us to èxtend the time that schools could att8nd from a 3 month p8riod to a 7 month period. Over 200 children that m8 to this imrnersive &xperieiice w8re able to take home ce of the threè bcx)ks that we explored, to keep and share w51h their family. The amazing library that W8 have cr8at8d in our activty hall ntinUeS to be a wonderful resource and all of the children that attend our sessions and actlvlties are encouraged to borrow books and sometlrne5 to take thern ho¥n8 to keep. To mak8 Maximum use of this resource w& now njrn a Reading Enrithmenl Club ev8ry Thursday that gives 30 children the chance lo enjoy our colledton, talk about their reading and enjoy trips lo bookshops and Iheatrts perfDmances that ltyik to Ihe books that we give them lo take home and keep.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 W8 havè contlnued to use the activity hall al &very opportunity to engage our families and we now have a growing commurnity of some of the areas hardest lo rèach families that come lo our sessions throughout the year and during the s¢hool holidays. In the summer we provided both sessK)ns at Trir)ity and a trip each week to lake the who family to parf<s. attracllons and the beath. Many of the families had never taken their children tts the beach before and this sitnple trfp was one of the most s$$ful. on again. we wer8 abl& to secure fijnding lo 3upport our int6rgenerational proj8Cts. This year we took our children lo their link care homes to ènjoy a range of art and craft actiwties wth the resid8nt5. As ahays. these sesslons were hugely apprec4ated by both patbos. T¢)wards the end tsf th8 yeai. we linked some ol the rnore able ie5idenls with our book club meTnbers. taThg th8 residents to Trinity lo spend tim8 with thB children Sharing th8ir own rn8morie5 of childhood reading and hearing about the books that th8 children are enjoying now. Inc1885ingly our role has become to provide the ctrtlC81 enrichment that prowides the spark for effeclivg reader5 8nd learn8rs. In add?lion lo ovr WO in s(ool wo continue to capitalise on our kntswledge ol our cnrnmunities, taking the opportunity to work wSlh parents ard carers to empower them lo support their chlldr6n In and out of sthool. Po$l-paiidemio iesearch clearly shows that a lack of enrichment ha5 Stunted children's socisl a[ emotlonal growth and this in lum has impaGled on their abilrty to 16am offe¢livety. Th8 dNersity ol thtr services that we now offer absolutely aligns with oui given objective to support the adv8n(ment tsf education for chrfdrell. Fundlng. Spon$0hlp. Donors and ylfts In kind Th8 charity continues to IoDk for every possit)le opporturiity to collatrale with fvpders sponsors, large and smell. In addition lo identifying critica5 fundlng opportunities, we are aayS alert lo the partneishlps that Can be forged that open doo[5 to the children. In addiliorn. many of our Lwsinesses can provide us wilh much need6 iesources that support our events and enable us lo save rnoney ftsr other PUTP0588. This year w& weie able lo secure the funding to buy a much-needed van to support the many 8V8nt5 and ath'vit$ that we prowd6 Ihroughoul Cheshlre for our children. schools and corntnunilies. Pas51on for Leaming gr extx)nenti8lly durirkg the pan<femic as a resun ot our swfft and effeclNe Tospons6 to the needs ol thè Communilies that we serve. Inevilabty many of the sources ol funding as5wated wth the r8sponse to Ihe pandemic were one off opportunities making it difficult to sustain such lapid growth. Nonetheless the need for our services continues lo grow and we have able to sustain ouy growth using an e¢lecti¢ mix of approaches 8nsuiing that every avenue for support irn kind ¢ompl8merits the support ol our funders, big and small. This year. fof Ihe first titne, we hosted a Christrn89 FaSr at a looal hotel specrfcalty to raise funds to support our many Christma5 actiwties. This was our first event that was exclusively to raise money and th8 @vent W25 well attended by our volunleeis and other partners ar support81s. This is another avenu8 for funcl raising and one Wh will be dev81oping in the future. In 2023 the ch8rity had thè unique opportunty to prtsve the Charity Opell Day for Ealon Park. Ov8r l(Xl volunteers supported us al what proved to be one of the best eve{ for f&mllies that lh8 8Stale has seen. True to our mission the day was packed with opportunities lor children lo enjoy many activities sn the bwlhtsknng setting ol Ealon Park but we also look the opportunity to prode a book stall and erssure that the day, which was attended by over 2000 peop18. showcased th& sort of OPPDrtunities and adivities that we provide for our larnilie5 on a daily basi5.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Path•tshlps The charity values partnershlp with a wlde rang8 of Dth8r oigani581ions Irorn the thiid sector, busin8ssss and other Interes1611 partles involv8d in th8 work of supporting our cornmunilies. Imlh the level of need growing. th8 need to 8n5ure that the services we offer complement rather than duplleate the work of others is ever MO important. The worf( that Passion lor Learning does 15 highly unique, and our Schools and o)mmunllles recognise that. In 2023 we have begun Ihe proc8S5 of 8Stablishing an allianc? with some ol our fellow Char6$ tts 8nsuie that the service Ihey receive is as well coordinalgd as possible. Working in partnership continues lo gain momentum and we look forward lo sophislicaty'ng this work lo give our cotnmuniti8S the b8st pos&blÈ experpi)ce when they need hèlp and support. Our delermin81ion lo lake full advantage of outdoor learning led u5 tD collaborat8 th8 Country Trust to enable us lo organlse full day trips tD farms in the region lor hundreds of our thildren. In addition to the impact on well- being and the benèffly of galnlng confiden¢e In being outdoors. these expeFiences gNe th8 Chire[l incredible oppOrtUn8S lo increase their vocabulary and draw upon their experiences to enrich th8irwriting. Throughout th6 year we have providéd Parent Support se$sn$ in our settlng at Trlnity. Thesè se35ion$ t3rgel the m05t vukn8Fabl8 and hard to reach families in our community glving th6 youngest ethdn play and enrichment OpportnItieS al the earfiest opportunities. The sassitins been 8 resour¢9 for partners lo slgnpost th6ir most vulnerable famlliES to a Servi( th8t th8y recognise will 8UPPOrt their needs and challengès. In the summer we On again collaborated wth ouf parlr181S to prod& a family day in INhitby Park with a we8llh ol ffye adlvKle$ for our children. At every opportunty we find the fvrnding to ensure that we c8n giv8 books to the families wlio would most benefit. Ndany of these families 5irnp1y can't afford to have books al home so our delerminatlon to glvo away thousands of book5 every y8ar i& a k8y part of our s¢rategy to give the children that we workwith thè charjca lo becoEne road8rs. At Christmas we rollaboraled with pathers lo prode a wond8rful evening for hundreils of Ellesmere Port f8rnilie8. This year our staff worked hard to prOe 'Father Christmas's Workshop, which un again gener5ted by far Ihe rnost Interest and gave us an opportunity to give trvery famlly a b(x)k to lake home and share with Iheir children. Achlbvements and perforniance Every day our 1.-1 volunteers wod( with over 250 d)ildren and our Enrichment Clubs 8iipport around 300. In addmion our staff and volunteer5 provKle workshop5, othings, special activities and events in aNJ out of SGh{l th8t reach hur[8dS moro children, Our staff is working to Gapa(aty and yet we continue to grow Ihe se1(* lo try and pe with the increase in need as be5twe p0s51bly caTh. We contirnua to try and consolidate the incraas6 in 6xpendibJre whilst trying to deal th increasing pressure on OUF Children and their communities. Inevitably we have to make ch(Mces bul our knowledge of the famllles thal w8 support help us to prforitise and ensur8 that we are providing the services that have thè grèatest impact and align with our mission to enrich children's leaming aNJ give them hope for the futuie. This y8ar our work has b88n r8cognised with a numb&r of prestigiou$ awards. Passion for Leaming was on& of the Centr8 for Social Justice's firsalisls for 2023. An award ceremony in London cel8brgled the WDrk of the charity. The charity also won Cheshirè Comrnunity Found31ion's Presidents Award for Changing Lives. Passion lor Learning was nominated by 8 member of th8 (x)mmunity for Dee Radlo's 'Busines5 01 the Year, and voted Mnner by Iheir lis18ners. We were also runn up in the High Sherlffs Award for Changing Children's Lives. Impacts Prior to the pandemic Passion for Leaming delivered core setvlce5 nam@ly th8 1..1 support service and our after school enrichment dub5. In spOnse to thè needg and opportuniti85 that the pandemio brought, the seivices that we provide grew 8xpon8ntialty as we acquired our minlbus, new premises, additlonal 51aff and a great deal mo dired community involvement. Post pandemk wp have to try and Sustain our grovth an¢J continued lo sophi51icate and add to th8 8ervices that we provide 38 we continue to respond lo the emerginir need5 01 our children families, The plethora ol seMce5 that we providè rnay look like an eclectic mi¥ bLrt. from the outset. wè have worked to ensure that wè remain true to our mission to put learning al the heart ol our wovk wlth pky and fun as the vehide that we will alw8ys use to achieve our alm5. The impacts detailed below, therefore, show how our senrices knit together to give the childien th81 we support the best possiblo chance lo become effective leamers and readers.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Why Is our mlssion Is to make leamlng ffun? Pl8yimproves the eognltive, physical, social, and 8motion&l wo11-being of Child andyoungp8ople. rhrouoh play, ¢hildren 18arn about the and Ihemselvgs. Thsy blso IFani skllls they forstudy, woth 4nd rpl&b'onships SUGh 3s.' confjd6ncE self-&st88iyp resilience int8raction soual skills Independence Curiosity coping with chol18n situations htt s.-/Avww.nIdl0l. ov.tiklarticles/ho s-¢lJlldrens-dÈvelo Ill each 8eclion, we give a relevant finding frorn th8 r85ulls of our Social and Emotional Assessment ISEAI Tool. In each case w8 ask th8 volunteers and Enrichment Club supervisors that h8v9 been working with the chlldren throughout the year to make an asse55rnent shortly after the year begSiis and then again 0$ the year draws to a dose. In all cases the respondent is asked to give a score belveen 1 and 10. The results given below show the number ol children showing a specified percèntage improvemenL Conftd&n¢è Th8 reason so many children 1811 lo reach th8ir pofential isnl b8Q8use of a l¢k of knowlodg8 or talant, but a furKlamen1311ack ofb8lisfin themselves, https:Ilgl8an.¢olbloglhow-do&s<onf4d&n¢è-affè¢t4¢adgmic-perforniancg In the Confidenup and Self-eslegm s&ction of Ouf SFAtool we ask Does th8 child reco nise their own 3chiev8m8nts and res ond ositive gi% of the children that we work with on a wg8kly basis showed an improvement wlh 44% 5howin%J an improvem¢nl of over 20% fronTr theif Starting poinL menl to raise S81f-esteem Self-esteem ant1p811V&11 COmlence are n8c8s$8ry forchildrnn to take risks in th8irl88mlngind lo bourteo back &f18rfallure ora(fversily. http$:IhpnYw.apa.oe<II$cho0Is In thè confiden and Self$teem secbon of our SEA tool we ask Do the children reco nlse their own achievern&nls and ha il t out new adivith8s? 92 % tsf the children that we work with OTh a weeY basi5 showèd an improvement wth 46D/o showlng an irnprovement of at least 20% from Ib8ir &latting point. Re$ilien¢e EV&1)Ge shows that fvsiligiice contributes to healthy b8h8ViOUt3, higherqualiAcafyons 8hlls, b8tter6mploymonl J7d bett8fFnental well-b, https-.Ilas$ets.publtshing.sorvlce.yov.ukl In thè Security seclion ol our SEAlool we ask Is the Child rg5ili8nl to challen es and not eas set? 84Dk ol the chIldn that we wo¥k with on a weekly basis showed an improvement wth 45% Showing improvement of al least 20°k from their stsrting po5nt. Int6ra¢tlon Leamifjg highly &mbedd&d in social internction.. sinGe Ihe véry 88Ay st8g6s of our fjves, we foryyj mgmories and acquirn know18dg8 8boul the wortd from and with othors. https=Ilroyalso¢letypubWshlng.CTrryl
PASSION FOR LEARNING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In the Relationships and Communicatton section of our SEA lo14 w8 ask ild sustain conversatlOll5 with adults and ther hildren? 89% of the children that we work with on B weekly basis showed an Improvernenl wrth 39Yo showing an lrnprov8mènl of al a$1 20°A from their sta.ng point. Social skills Soc181 d6v8Ioprn8nt li? childhood is a ClFlical aspeGt of & childs gfu%%rfh End w811-b&ing. It 18ys 1119 foundation for fulurg slrcess in life and helps chlldtsn build strung r818lionshftps, communate effe¢h"vely, and navwat8 th8 SOCI81 wortd art)und them. http5".IIwww.LEnishanoi.or91 It7 the Security section of our SEA tool we ask he Child comfortable wrth new eo le and sitL13tions7 80°% of the children thal we work wth a weekly basis showed an lrnprov8ment with 37°h showiig an lrnproyernenl of at reast 20% from their starting point. Indèpondèn¢• - Indepoiidentand.unslmctUftBdplayis very importAnf foLfosl$iing.wah'vity.pn)bl&m-.solvlng and autonomy. https:IlchildMlnd.orarc1trIhOw-t04)U1&lnd*pndonc-pr&sCho0I8rsI lft the Expression 8nd Opinions Sgdion of our SFA tool we ask h8 chi d ffer their ovm ideas and o 87°A of the Children that we work with oll a Weekly ba81$ 8howed an improvemonl with 45% sh()wing an Improvement of at least 20QA Irom their statbng point. Curi0s6ty Curiosity is an Inwortant thèl 18ads lo leaming. lthTren children d eomfort8bl& £nd fe&1 safe. th8y are nalurally 8ble lo explore tli&r woilds. ThéTr more a ohild explofys, lh8 mor6 176 163ms. https:Ilexten$ir)n.psu.edul In the Learning arid Understa[11¥ section of our SEA Tool we Does t e child ask Ue5tions am se8k infomation? 89°h of the children that we woth with on a wèakly ba51S Showed an irnprovement with 41% showing an improvemeTrt of at least 20% from IheSr starting poirTrt. Coplng ¢hallenyiThJ $ituatlon$ Grappling wilh cfJ811gnges equlps child wth the abilily to solve pn)blems. Through proc8ss of struggling, chihlTrii d&velop cr9aliv9 bl&m-solvin skA116. Tl)ey16èni that ilone w110 doesn't wort(. il's okay to go back to th8 dréwing boanl and try aiiother. Ashley C•ullln$ https:Ilblgllfeloumal.coml In th8 Confidence and Se-esteeM seclion of our SEA tool we ask Does the ¢hlld coptr well wlth falliires and usualty try agabn? 92QA of the cliildr6n that w& work vAth on a weekly basis showed an Improvemeni With 46% showlng an irnprovernent of at least 20'fi from Ihelr starting point. Ythat do our chlldren. parents and carers, schools and partners Say about the experiences and servlces that we provldè? It is our view that Passion for Leamirng is only as good a5 Ihe extenl lo which il meets th& needs ol its childTgn, families and communit188 and lislons lo our volunteers, partnèrs and other orgapisalion8 In pursuit of its atyns.11 is important, therefore, to give them their say.
PASSION FOR LEARNING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Thè children Careers Car 'Ye$terday will be stiongly remeTyb8r8d bseause of all the acliviligs I dSd there. I loved it. I loved all of it and I dTrdn't even get lim8 to do all the aothrities. Ev8rylhing that I trled was arno0.. YeAr5 Acoms P17Fnary School £boiil tlie caree C8fnival Bo 'That was so magical I didn't even know I wa$ Still in th8 re&1 worfd., Yoar 3 Highfi&ld Prtmary School Th8 Parents Enrkhment Club "My son h8s been lucky 8nough lo have been chosen lo taktr part In ¥vhat passion for 188rning offer chlldren, he absolutely loves it and il's the only lirne he hasn't wanted h0o1 to end.. Mum Bamton Prim8ry School ar 'Thank you so much- this moming has been amazing- it has been 9r@al bng outdoors with my son and doing 811 th886 a1ville$- it w88 $0 eniithlng. Mum LaGho Primary Soliool The volunteors Volunteer Conference °Please pass on my eongratulation5 and thanks lor thg conference to the PFL leam. 11 was both Infonnalwe and very enjoy&ble_ The presenter's fikns wpre vp.ry moving bul also ente¥talning. 11 wa5 a really interesting day yestérday and I learnt a lot, l arn suie we all did.. 'Th8 vid60 that you showed at our meeting was beautiful and inspwiTry- showcasing all the work that you do. I was honoured lo be I it among othersl" Volunteer Ellesmerg Port The Sch16 80 Ban uet 'This morning was bfilliaftt, and the children couldn't slop talking about tt. We were so amazed by th8 amount of dglai5 in all of the story setsr Teacher IVolv8thdm Flimary and Nyrsery School Book Club Christmas Vis to Chester and Wa es .1 lust wanted lo say tharnk you so much for a wonderful afternoon in Chester. The chlldren h8d the tiTnè Df their Ilve$.' it was an experiencE they'll carry with them foreverl PfL is an absolutely pricel8S5 organisation and w&'re so lucky to beneftt from the work that you do. Thank you. TA William StDckton Primary School.
PASSION FOR LEARNING TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnancial review Th& crrent financial clirnalè for charities and the educ8tion 58clor generally 1$ very eha118nging. Nonetheless, Passion for Learning has been able Ic sustain the funding al a level that has enabled u8 lo coiitinue to offer the slatKlard of service that we are assoclaled with. We continue (ts work in li with our ReseNes Polley to try to ensure that we build and malntatn our reserves at an appropriate level 181&vant lo our policy. In 2023 we have malntained our staffing 18V81s and prowded small increa888 to some Staff in reGognilion of increased respons1bil1les and conbibulion. We ensured that core setvices were protected 3nd SU ptained whilst new opportunlties hav8 b8&n supported by new funding as well as th8 ongobng support of our sponsors from the woHd of business. In Julie we once agsirp heltl oiir Carners Camiwal aÉ Chést. RaGecourse with Ihè help ol our many portners. Jhè lev81 of commilinenl of tho businesses th8t support this event seems to incT&8S8 &a¢h year and once again we w8l¢om&d new owanisabons such as Liverpool and Everton FC. W8 woll awaTr olthe monetary cost of the &ni& and resou$ Ih*fso fflany busln88sgs give lo this &venl, without which w would bo unabl8 to provid8 this hugaly Imp8cllul 8xp61ien08 for our ohildrsn. Ih858 p8rfv8rs also enable us lo offer 8 VEry rang8 of oxpgri&nc88 for the ¢hildr8n that ar& In elfectan addibon81 iJKomg Ih9tsupports ourseNIcfj&. ..Jn_2023_we kepLour co&ttsn &chool8 fhgtsame.and we.w@r8 pla8sgd.tn $88 that alm1 all the school& ronawed.And. we wefe prOaChd by a small number ol nèw sclK)ols. This i11¢ateS that schools contii)ue lo v&lu& $Ic8 that wèprovicle even in a lime of ever-inGr8wing bvdgel conslKaints. Once agaSn, we had a srnall number Df individual donations, but thi$ is an aa that wg will once again work to increase in 2023. Additionalty, this is the fitst year in which we had the opportunity to host Iwo events sperArilty lo rgisfr funds. We were given the opportunity to be the charity proder for Ealon Park which enabl8d to raise Considerab fvnding frorn 8 very suc$$ful day. This in turn inspired us lo host our first ever Chri5trnas Fair at CrabwaTI Manor which also raised funds. The events were suppleinented by a prize draw whKh our partner businesses made Possible with a very Gonsiderabla number of prize donation5. Tht5 ¥rea of specific fundraislng èven15 3Trd activities is somcthiAg thyt we will ntInu6 to explore in tha o)ming year. As accessing funding becomes increasingly challenging. WÈ will continue lo work to sustain our TreTrI sourc85 of income as well as dlversifyittg DUI approach to ensure thal we recognise and distribute any risk5 as much 3$ possible. Structure, govemanr8 and nTrageMent The Gharity 15 8 Challtabl8 Incorporated OrgaJ)isation, whose onty voliTrg members afe it5 charity Trustees. It wa8 Incoipordted as a CIO in Dernber 2018. Passion for Learning was previou5ty 8 CIC from May 2014 having converted from a not for profit eotnpany originally founded in August 2011. Or9anigation The Board IT)fortn and influence the strategic direction of the Charity. In doing so the Ttust88s gtve due COll5id8r8tion to guidsnce issued by the Charity Conimission regarding, but not Ilfflrfied lo stewardship, risk, PLJblic benefit and environmental irnpact. The Board airn to meet four titnes each y8ar and diswssing pertinent 18sve$ between sched¢Jled meetlngs 8s requred. The CEO and 5t8ff ar8 respolls1b for the dellvery of the CharrtI5 objectlve5 and the day to day operational management of th& Charity. The Tnjstetss havg paid due rard lo guidance issu8d by the Charity Commission in declding whal activities the CIO should undertake. m)e Tru51ee5 and the Charty ensures that 811 policies 3nd plans are fit for puipose and enable us lo ungolng chall8W8s and Changes affecting our communities. We work lo develop diverse and Innov8ttv8 pproaCheS lo manage the effectwe delTrvery of the charity s alms and objecliv8s and fvlI ils mission. The charit$ woik is informed and gulded by the following slrdÉegic poVAes.. Safegu3rding and Child Protectlon Poli Safeguarding VLAnerabl8 Adults Policy IndusloTh, Equality and Dwrsity Policy Health and Safely Pollcy GDPR Pokoy
PASSION FOR LEARNING TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 R&s8rv&spollcy Though the charity operatès on a nol-for-profil basls, il Is the policy of the CIO trat thare should be unrestricted funds which have not been designated for a specific usè should be maint8in8d al a Ve1 equivalènt to at least three month's core 8xpendittsre. Thg Trustees consider that 1658rvès at this lev81 WIN ensure that, in the evenl ol a sionificant drop in funding. they will b8 able to continu8 the CIO'S current actiwlies whilst considefation IS given to ways in whith additional funds may be raised. Thls level ol reserv8s has been maintained thioughoul the rg18wanl period in line wth the aspirations of the Reserve's Policy. The TTuslees have assessed the major risks to whleh the CIO is 8XP05ed and are tIsfied that systems and poli¢ie$ are in place, and regularw reviewed, to identify and mitigate exposur8 to the major risks. The Board of Trustees 15 drawn fiotn relevanl prof&ssional backgrounds lo best 5UPPOrt thg Chaiity. Trustees are elected In accordgnce wlth the Constitution for the Charity which was approved in Septomber 2018. The Trustee8, who are also tha directors for th8 purpose of company law, and who sèrved during the period and up lo th6 date ol signaturè of the finan(xal $t&tements were.. Mr5 D Clark MF P R Johnson- Mrs J R¢ch Mr C Gasknn Mrs C Mcconnell Mrs D Clark is a salaried employee of thè Charity. under pro%4slon set out wthin Bection 6.2 of the ConslrtLltion. The pay ol senlor staff is ievlewed and r8fl8ds the level of sknI5. experien 2nd knowledge for the Id85 8rnd romuneration levels in tlie sector. Other than the prowslon set out above, none of the Trustees has any benefiual interest in the company. Details ol expenses paid to Trustees are disclosed in the notes to the acwunts. AM of the Trustees are mtsmbers ol the COrnP8ny 8nd guarant88 to coTrlrlbute £1 In the event of a w¢nding up. Concluslo 2023 was an extremely busy year with staff ar volufit8eis woiknng lo ensur8 that we could support as many children and families a5 possible. Capacity iemains an issue as the need5 of the community LY)nlinue lo incTea5e. On a very posltlve note, the charity was recoonised both localty 211d nationally with a numb8r of high prDfi12 awards that reeA)gnised th8 work that would not be possible without an amazirng team of volunteers. Once again, thg Tru51ees are keen to put on record thelr thanks for the continued support ¢1 so many volunleers who rerllain willing to prowde our children and families with an inc¥easingly dNer5e range ol opportunities. We would also like to thank our funders and partll8r8 who share our airns and work with us lo provide support, expertise and complementary services to our communities that would Iiol be possible if we 811 worked in i501ation. The trustees, reportwas approved by the Board of Trustee5. Mrs D Clark Trusiee Date.. 2Lk 10-
PASSION FOR LEARNING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PASSION FOR LEARNING I report lo the Iruslees on my tsxatnlnatiDTr of th8 financial statements ol Passion for Leaming (the CIO) lor tha year ended 31 Dèc8rnb8r 2023. Re$ponsibllltSes and bas1$ of r•port A5 the Irustsgs ol the CIO you ale responsible foi the pr¶tion of the finanal ststernents in accordan with the requirements of thè Charities Aet 2011 Ith8 2011 Acti. l report in respect of my examination of the CIO'S ffinandal $tstemenls carried out under section 145 01 the 2011 Act. In Carryiny out my examination I have followed all the applicabte Directions given by the Charity Commisslon under sectlon 145{5llbl ol the 2011 A¢1. Independent examlnerfs statement Since the CIO'S gross income exceèded £250,000 your examiTh8r musl be a member of 8 body list8d in section 145 of the 2011 Act. l o)nfirm that l arn qualifled lo undertake the examlnation because l ani a member of ICAEW, whlch is one of the listed bodies. Your attention is drawn lo the fact that thé charity has prepared finanaal statements in ac¢ordan¢e wttrh Accounting. arid Reporting by. Charities.preparing. Iheir.accounls In-accoidaTrcs with_thg Financial Reporting Standard applivdkAe in the UK and Republic ol Iieland IFRS 1021 in preferce to the Accounting and Reporting by Charities.. Slalement of Recommended Practi issued on 1 April 2005 which is referred lo in the extant regulations but h8s now been withdrawn. l understand that this has been done in order for financial 81atements lo prowde a true and lair view in accordanc6 With GeneraltyAccopled Arcounting Practice offeclive for reporting periods beginning on or after 1 J£nuary 2015. I h8ve compltrtgd my oxatnination. l Gonffirrn that no matters havtr Gotne to my attention in coiiiieclioii witli the 8xafflination giwng me cause to belleve that in 8ny matèrial r8SP8cI.' counting records were not kept in respect ol the CIO as required by section 130 of th@ 2011 Act.. or the financial staiernents do not accoid with th05E ie(x)rds', or the flnanci81 ststements do not eompty with the applicgble ièquirement8 carrnIng the form and contonl of acuurhls sel out irn th? Charitie5 IAGcounts and R8portsl Regulati$ 2008 otheT than any rÈquirement Ihat the accounts give a tru8 and fair wew which is not a matter con5idared as part of an indep8nden* examination. I have no concems 8nd have corrte 8cxoss no other matters in connection with the examlnalion to which attention should b8 dr8wn in this report in ordei to enable & prop81 understanding of tha finaiicial $t8temenls lo b8 re3ched. Susan Harris MAACA Champion Aknods Limited 2nd Floor Reluge House 3347 INalergate Row Chester CH1 2LE Dat..
PASSION FOR LEARNING STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2023 Unre¥trlcted Re$trlctÈd funds funds 2023 2023 Totral Unrestflctpd Re$trl¢ted funds funds 2022 2022 Totsl 2023 2022 Notes Incom8 fr0rn-. Donallons and legac4es Charitable aCti}tieS other trading 8dNiti88 Inve$tm&nls 163.270 47,740 21,359 2,888 291,250 454,520 47,740 21.359 2,888 237,974 S1,000 267,758 505,732 51,000 263 263 Total inctsmo 235,257 291,250 526.507 289,237 267,758 55e.995 Chariiable 3¢tirritie$ Other expenditur8 99,748 31 396,442 498.190 31 302,892 195,243 497,935 Tot81 gxpendKurè 99,779 396.442 496,221 302,692 195,243 497,935 Nat ineomellexpendithrel and movement in funds 135,478 1105,1921 30,286 113,455} 72,515 S9,oeo Roconclllallon of lund$: Fund balance$ al 1 January ?.023 103.744 178.986 282,730 117.199 106.471 223.670 Fund balances at 31 Decembèr 2023 239.222 73,794 313,016 103,744 178.986 282,730 The statement ol finanual actwlties Includes all gains and10558s reeognised its the year. All income and expendrture derive frDm continuing acttmties. 12
PASSION FOR LEARNING BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notès Flx?d assots Tangible assets 13 53.402 42,267 CuTrTent assets Deblors Cash at bank and in hand 14 242 270,302 3,399 246,127 270.544 249,52fj Credknrs: amounts frdlling due withln one year 15 10,930 9,083 Net current assets 259.614 240,463 Total a¥sÈts less currènt Ilabllities 313,016 282,730 The funds of tha CIO Restricted in¢ome funds Unreslrioted funds 16 73,794 239,222 178,986 103,744 313,016 282,730 The finaRcial statefflents were approved by the twstees on .... Mts D Clark Trustee 13-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢rJunting pollcres Chartty Informatlon Passion for Leaming is a Chari18b18 Incorporated Organisalion. The Charity address is Unil D3. Stanlaw Abbey Business Centre, Dover Drive, Ellesm8re Port, CH65 9BF. 1.1 A¢eountlng conven0 The fin3n¢ial slalements have been ppared in accordance with th8 CIO'S governlng document, the Chariiles Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecte 1 January 20191 The CIO is a Publi¢ Benefit Entity as defined by FRS 102. Thg CIO ha8 taken advantsge of the protr?sions in the SORP for char8$ applying FRS 102 ijpdale Bulletin 1 not to prepare a Statement ol Cash Flows. The financial statements have departed from the Charities IA¢counts and Report$l Regulations 2008 only to the extent requi to provide 3 true and faiT view. This departure has involved following Ihe Statemènt of Recommended- Practlce for cliaribes applyino FRS 102 ialhèr than the version of the Slalemenl- of" Rewmmended Pradice whlth is referred to in the Regulations bul whi¢* has sil0 been withdrawn. Th8 financial 5t8tèmenls are prepar8d in sterting, which is the fvnclional curiency of the CIO. Monetary amounts in these fin8na81 stat8ments are rounded lo the nearest £. The financial statements have been pr8pa18d LrndeT the histortsl (y)st. The prirKipal a¢coUl11)g pdiGi88 adopted are sel out bglow. 1.2 Going concern Al the tirne of approvlng the financial stgtemerts, the Ituste8s have è reasonable expectation thal the CIO has adequate reSourS to continue in Dperational existen lor the foreseeable future. Thus the trustees contlllue to adopt the going concern ba515 of accounting in preparing the financial stalemenls. 1.3 Charitable fiinds Unrestricted funds are availablg for uso al the disiietion of the twslees in fvrtharance of their charitable obiecliv8S. Re$tri¢ted funds are subject to spe¢ifi¢ ¢onditions by donors or grantors as to how they may be used. The purposes and uses of the restrided funds are set out in the notes to the financial statemènts. 1.4 Incorne Income is re¢ognised when th8 CIO is legally enlitled to it after any performance ¢onditions have been met, the amounts can be measured reliably. and rt 18 probable that income will be received. Cash doThations are iecognlsed on receipt. Other donations 8rè recognisBd oncè Ihe CIO has been nolffjed of the donation, unless perforrnanc8 conditlons require deferral of the amount. In aordanC& with the PTovislons of the Charity SORP, the economic tbtIOn of general volunteers is not induded In the accounts. Legaci8s are recognised on recelpl or otherwise rfth8 CIO has been notified of an Impending distrfbutioD. th amount is known. and receipt 15 expected. If the amount is nol known. the legacy IS tre8ted as a contingent asset. Gifts in kind are inchjded at valualion (Dver £1 DOI recogni5ed upon receipt. 14-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢countlng policio Icontiiiuèdl 1.5 Expgndltur8 Exptrnditure is included on an accrual basis. Liabilitie8 are recogni5ed as soon as there Is a legal or (x)tTrslruclive obligalknn efjmmitting chaThty to pay out resour$. Charitable expenditure eomprises those w51s incurred by thè charity iii the delivery of all ils 8clwllie$ and services for Its bèn@ficiari8s. 11 include$ both Costs that can be allo¢at8d diredly to suth activities and those costs of afi indir8d nature ne$sary to support them. Support costs h8ve beon allocated between govemance cosls and other support ¢osts. Govemance costs indLrd8 those costs associated with meeting the ¢onslitutional and statutory requlremonts of the charity and Indde the accoulllanls, fees and costs linked to slr8tegic management of Ihe charfty. 1.6 Tanglble fixèd assets Tangible fixed assets are initially measure<J al w5t and subsequendy mèasLJred at cost or valuation, net of depretation and any Impalrmenl I0@s. Depreciation is re¢ogTrised so as to wrrte off thè Cost or valuation of assotslgss their residual values over their useful live9 on the following basès: Plarl and eqvipmerrt Motor vehides 2D°A reducing balance 20A ieducing bal8n( The gain or 10$5 arising on the disposal of an 3SS8t is delem7ined as ¢he drfferen(x betweet7 the sale proceeds and the carrying valuo of th& asset, and is recognised in the stsletDent of finanal acliwli6s. 1.7 Impalmient of Xed assets At each reportyng end date, th& CIO r8wew8 Ihe Carrying amounts ol its tangible assets to detemine wheth8r there is any indic3bon that those assets have suffed an Impai81 Icsss. If any such indication exists, Ihe re¢Verable amount of the assel ts eslmated In orrler to d8t8miine the extent of the impalrment loss lif any). 1.8 Cash and cash equivalents Cash and ¢2sh 8q1ValentS indude cash In hand. deposits held at Gall with b8nk5, other short-temi liquid investm8nls rith original maturities of three months or le8s, and bank ov8rdrdfts. Bank Dverdiaft5 are shown within borrowings in current liabilities. 1.9 Finan¢ial in$trurnents The CIO has elected Its apply the promsions of Section 11 'Basi¢ FinanrAal Instruments. and Sectlon 12'0ther Finan¢ial lrnstrument5 Issues, of FRS 102 to all ol SIS finan¢¥al instrurnents. Basi¢ finan¢i8lassets BasiG financial assets. which include debtors and cash and bank balan¢5, are rnitialy measured al tr3n520tion price induding Iran8adion ¢osts and are subsequentty cairigd at amortised cost tssing the effectiv6 interest Fn81hod unSess the arrangement constitutes a financing transactlon, where thè transaction Is easured at the present value ol the *tUr8 receipts discounted at a market rale of interest. Flnancial assets Classified as recelvaEAe wthin one year are not arnortised. 15-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AG¢ountlng poll¢les Icontlnuedl Basic Ilnanclal Ilabillll•s asic financial liabilits-e5, including credllors and bank In$ are initially rocognisad at transaction Pri unless the arrangemont conslitu185 a financing tran5actiorh, where the tlebl inslrutnent is me8sui8d 8t the pie5ent value of the fulure payments discour)led al a matltel rale ol interest. Financial liabilities ¢lassified a8 payable wilhbn ono year are not amortised. Debt instrum8nts are subsequfjnt caTFièd al amoTtised cost, using the effectNe Th)le$t rate method. Ti8de creditors are obllgatlDns to pay for good5 or services that have b88ll acquired in the ordinary couise of operauons from suppliers. Amount5 payable are ¢lassffjed as current liabilities rf payment is due within one ye>r 01 less. If not, they are presented as non-currenl liabllrties. Tmdo Creditors are cOgnised initially at trans8Ctton pri and subsequentty tnea5ured at amortls8d c05t Using the effective interest method. Dereeognltlon of flnknclal Ilabllttles Financi81 liabilities are derOgnised when the CIO'S contractual obligations expSre or are dis¢h8rged or cancelled. 1.10 Employee bonefits The costs of short-teFm ernployeo ben8ffts sre recogThi3ed a3 8 libility and an expenses, vnles8 those costs are required to be re¢ognised a5 part of the cost of stock or frxed assets. The cosl of ary urtused holiday enlieMerIt is recognlsed ITh the Pgriod in which the employee'$ $wwe8s are leIved. Termination benefits are recognis8d iTrtrnedialely as an exp6nse whern the CIO is demonstrabty (x>tnmitted lo tènnlnale tha employm8nl of an èmployoe or lo provid@ t8nxination benefit8. 1.11 Retlrement beneffits Paymen1$ to deffned ¢onlribulion retirernent benefil $¢hemes are carged as an expense a$ they fall due. Ci>tical accounting esllmates and ludg6mènts Ill thp appllcation ol the CIO'5 8c¢ounling poll¢ies, the tmstee5 a re4uSred to make judgements, estimates and 85sumptions about the carrying amount ol assels and liabilities that are not readily apparent from other sources. The estimates and assouated assumplions ar8 based on Iiistorical experience and other factors that ar& con5ider8d to be ielevanl. Actual resulls tnay diffeT frDm Ihese estimates. The estimates aml undedyng as$L¢mp'Dns are re4riewed on an ongoing basis. Revisions lo a¢counling e51imateB ar8 recognised in the pE0d in which the estifftate Is iewsed where the revision affects only that period, or in the period of h8 ievision and future periods where the revision affects both current gthd future Pgdods. 16-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatlon8 and legocleg Unreslrfctsd RtricI•d fund# fvnds Total Unfe8tr(ded Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Donations and gifts Various grants Capital grdnts cO-19 support grants 23,350 139,920 23,350 416,170 15,000 18,864 144.110 18,864 411,868 276,250 15,000 267.758 75,000 75,000 163,270 291,250 454,520 237,974 267,758 505,732 Ineornè from ¢haritsble activlti08 Unrè$trictgd funds 2023 UTrrestsl¢ted funds 2022 Volunteer TulDr fees incoTn8 47,740 51,0(K) In¢omo from other tr7dlng actlvltle8 Unrestricted Unrestrlcted fvnds fund$ 2023 2022 Fundra15ing event5 21,359 Income from Investments Unre$trf¢tèd Unrèstrictsd funds funds 2023 2022 Interest reIvable 2,888 263 17-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditurn on ¢h2rltable a¢tiviti 2023 2022 Dlrect cogts Staff costs Enrichment dubs Other projects Volunteer5 Books and resources 214,582 31,700 4,723 6,148 20,984 192.593 2S.012 300 3.337 36.196 278,13S 257,438 Share of Support and gov8rnanc8 costs Ise6 notè 81 Support Gtsvernance 216,955 1,100 239,397 1,100 497,93S Anay55 by fund Unie51ricted fvnd5 Rtsslrfctèd funds 99,748 396,442 302,692 195,243 4%,190 497,935 Support costs Support Governance ¢osts costs 2023Support co¥ls Governance costs 2022 St8ff costs Depreciztlon Adtninlslration Insuran Broadband and website AdveTbsin9 Travel B8nk Gharges Legal and professional Relit 113,254 10,142 17,225 2,491 14,070 305 24,148 48 1.904 33,36e 113,254 10,142 17,225 2,491 14,070 305 24,148 48 1,904 33,368 154.280 10,519 15,858 2,471 10,930 491 9.249 28 2,492 33,079 154.280 10,519 15,858 2,471 10,930 491 9.249 28 2.492 33.079 ExaminaliDn lees 1,100 1,100 1,100 1,1 216,955 1,100 218.055 239.397 1.1(M) 240,497 Analysed belw@8ri Ch8rilable activilles 216,955 1,100 218,055 239,397 1,100 240,497 Govemance costs inGludes payrnents to the accounlanls ol £1,100 for independent examinafjon lees.
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tru8teè8 One of trusl8gs (who are also key management per50rhn811 CeIved rèmun8fdlion in amount of £44,000 12022.,£44,(M)01 during the year and were abso relmbursed a total of £1,3(M)12022'. nif) In travplling expens8s and £1,20312022'. nil) in ggneral expense. 10 Enwloye88 The average monthly number of trmploye8s during the year was.. 2t123 Number 2022 Number Total 19 19 Employment costs 2023 2022 Wages and salArfes Social sgturity costs other pension costs 303.300 18.523 6.013 320.757 20,138 5,978 327,836 346,873 There were iio eiiiployee5 whose 8nnual remurneraiion was more than £60,(YJO. q1 Other expondIr* Unre$trlctsd Unre$tri¢tod fund5 funds 2023 2022 Net loss on disposal of tangibl8 )Ixed assèts 31 31 12 Taxatlon The d)arity is ex8mpt from taxation on its actiwties because au its income is applied for tharit8ble purposes. 19-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglble fixed gssets Pknl And Motor vohjolos Total Cost At 1 January 2023 AdditiDns Dlsposals 9,952 52,927 22,000 62.879 22,000 19861 1986} Al 31 De¢ember 2023 8.966 74,927 83.893 Dopreciation and Impairniènt At 1 January 2023 DepreciatK)n charged in the year El'minaled in respect ol disposas 4,604 925 1263 16,008 9,217 20,812 10,142 12631 Al 31 0ec8rnb8r 2023 5.266 25,225 30.491 Carrylng amount Al 310bcembtrr 2023 3,700 49,702 53,402 Al 31 December 2022 5,348 36,919 42,267 14 bt0 2023 2022 Amtsunts falllng due wlthin ono year. Trade dgblors Prep3yments and ac(XU8d income 2.800 242 242 3,299 IS Credltors: amounts falling Efue wlthln one year 2023 2022 Other tsxation and sodal security Trade Gredilots Other creditors A(truals a17d deferred income 6.749 2.833 248 1,100 6,e21 1,317 25 1,100 10.930 9,063 20-
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Rèstricted fund8 The restricted ndS of the chartty comprise the unexpended balan3 of donalons 8rKI grants held on fmsl subject to Epe¢ific conditions by donoTY a510 how they may bg use(*. Movement In funds Movement In funds Incomlng Ro$oU8 Balan¢0 at Incornlng R&%ourc Balance at r8sour¢È$ exppnded 1 January resour¢•s èxpended 31 Do¢•Mr 2023 2Q23 at • January 2022 Stève Morgan Foundation- Staff Costs BFSS BBC CIN- Enrichment costs Cheshire Community FoundafiOTr- EnrlChrnI costs FDyle Foundabon- Books and resourcès Weslminister Foundation- Staff and enrichrnenls costs Che5hlre West and Chester Council- Elettric Car mCAlne Foundatiorh Nineveh Trust- Forest Schools Severn Trent Water. P4ature Days Proje The Clothworkers Foundation- Port Vart 130.333 1130.3331 156,250 1156.2501 10,000 110,0001 8.7Cq) lo,0 19,0001 9,700 10,000 114.7001 5,000 14,568 10,000 13,3331 21,235 121,235} 17.000 17,000 117,CX)QI 45.299 loo,000 146,SOOI 98,799 100,(X)0 1157,1331 41,686 20,904 (4,1811 12171 16,723 5,783 13,3451 15,1831 13,378 6,000 2,000 11,2881 712 17121 9.425 13911 9.D34 19,0341 15,0(K) 11,2501 13.750 106,471 287,758 1195,2431 178.986 291,250 (396.4421 73,794 17 Anatysls of nèt assets betsve&n funds Unrestrioted funds 2023 Restrfcted funds 2023 Total 2023 Fund balances at 31 Dècember 2023 are ropr•sèntetl by: Tangible assets Current asSet$lllialltiesI 26,274 212,948 27,128 46,666 53,402 259,614 239,222 73.794 313.018 21
PASSION FOR LEARNING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Analysis of net Bs3ets bBtwè8n fndS Icontinuedl Unrestricted funds 2022 Restricted funds 2022 Total 2022 Fund bulan¢es at 31 December 2022 are rTeSented by: Tanglblts asset5 Crnt assetsllliabilitiesl 25,544 78,200 18,723 162,263 42.267 240,463 103.744 178,988 282,730 18 Operatlng leasè commititi8nts Lèsse• At the pOrng end date the CIO had ou151andiiig commitments for future minimum lease payrnenl$ und81 non-cancellable operating lease5, whiGh fall duè as follows.. 2023 2022 thin one y88r Beeen two and fwe y?at5 730 2,919 730 730 3,649 19 Related party transactkons There were no disclosab18 felatetl paty Iran8adions dLSring the year. -22-