BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT (A Charitable Incorporated Organisation ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charltable Incorporated Organlsation Registration Number." 1185019 (England & Walesj
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT CONTENTS Page Reference and Administrats've Details Trustees, Report Slatement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities 10 Balance Sheet 11 Notes lo the Financial Statements 12
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITh, TRUSTEES AND ADVISORS Trusto•s Arnanda Kaye (appointed Sept 2015, elected Chaif Sept 20221 Ruth Barrett lappoinled Nov 2022} Sue Longhome lappointed Nov 20221 Chris Christoforou lappoinled Sept 20221 Scott Briedey {appointed July 2021.. elected Vicfrchair Sept 20221 Wendy Mercer (appointed June 2024} Brian Baughan {appointed July 2020., Vice-chair June 2021 lo Sept 20221 stuart Jones lappointed July 2021, elected Vice-chair Sept 20221 Lynne Reeves lappoinled Oct 20231 Emma Banks lappoinled June 20231 Vicki Broad (appointed May 2023) Senlor Management Team Servlces Group Operations Manager Anntrmafie Hunt. Inspiral Marketing Ltd Network Manager Neil Limbrick, The Education Collective Ltd Prlnclpal and Reglstered Offl¢e 9-11 Vittoria Street Birmingham B13ND Charlty Reg13tratlon Numbor 1185019 Independent Examlner UHY Hacker Youn9 (Birmingham) LLP 11 Vittoria Street Birmingham B1 3ND
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees of the Birmingham Association of School Business Managers IBASBMI are pleased to present their annual report together with the financial stslements for the year ended 31.03.25. This report highlights the association's achievements, financial position, and strategic direction. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The Charity 1$ a charitable incorporated organisation ICIOI with no share capital (Registration Number.. 11850191 and is an exempl charity. The trustees of BASBM are also the trustees of the charity for the purposes of charrty law. The CIO is known as BASBM and is a corporate body wrth limited liabilities. Details of the trustees who served during the year except as noted are induded in the Reference and Administrats've Details on page 3. Trustees. Indemnities BASBM has in place profe$$ional Indemnty insurance cover to a limrl of £1 m. Method of Recruitment and Appointrnent or Electlon of Trustees There are clearly defined and approved procedures for the selection and appointment of trustees which aTe outlined in the chaiity's documents. These include eligibility and commitment. Consideration is given lo the skills of Iruslee$ which would enhance the effe¢tiven8ss of the charty. OBJECTIVES AND ACTIVITIES Objects and Aim¥ BASBM is committed lo supporting school busine$$ professionals {SBPs) of all disciplines in schools and trusts across Birmingham and the surrounding area by providing professional development, eOrkIng opportunities, and advocacy. Our cor8 objectives includ&= Encouraging best practices in school busines5 management Providing training and continuous professional development ICPDI Facilrtating knedge-sharin9 among members Representing SBPS in educational policy discussions Enhancing the professional status of SBP$ within the school sectOT in collaboration with the Institute of School Business leadership IISBL) BAS8M ¢ontinues to be one of the largest and most aclive professional bodies for $¢hool leaders in the UK. By the ond of 2024125. there were 338 mernbeTS from 263 schools, across 7 1o¢al authorities of which 61 % wer& primaries, 19% secondaries and 20% from other categories including lrnsl$. special schoo18, free schools, nurseries, PRUS, etc. About one third 133%) of the members were in academy SATS or MATS, with 26 member$ orkIng in MAT central $ervi¢e teams. Registered web users included over SO businesses providing goods and services to schools and trust$. Publlc Beneflt Trltstees have consideration lo the Charty's Commission's general guidance on public benefit and in particular lo rts supplementary guidance on education. As noted above, the Charity's objective 1$ lo advan¢e for the public benefit education in the United Kingdom. STRATEGIC REPORT Achievements and Perfornianc• An on-line networking forum available al all times to members and sponsors, encouraging sharing of best practice and good purchasing to the benefit of member schools. and to support SBPS then many of them are relatively lone workers Two conferences staged by BASBM in October 2024 and January 2025 at Edgbaston Cricket Ground A regional conference in partnership wtth other local SBM groups staged by EdExec in May 2024- 'Spring Get Together EdExec LIVE West Midlands, _ at The Hawthorns, West Bromwich A series of on-line workshops on the topical matters-'Pursuing success in MAT shared operation$'. 'Managing difficult conversations. and 'Academisation from both sides of the table,
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icont'd) Achievements and Perforniance (cont'd) Effectiv8 liaison with BCC. members and suppliers as the local authorty wthdrew from full provision of financial management, HR and Payroll services and recrurtment SUPF)Ort by staging in-person discussions, njnning supplier round robin webinafs on HR and payroll. recruitment and pension transition and providirsg personal support and guidance for members affected. A significant development in 2024 was the decision to accept a generous offer from ISBL to enable all BASBM members to become members of ISBL individualty th a modest group subscription. This has widened horizons and opportunities for members by opening access to a range of development and networking opportunities nationally as well as regionally. In addition. BASBM was proud to launch a series of bursary awards funded from the reserves lo enable members to study for recommended qualifi&itions. Key Flnancial Perfonnance Indlcators The charity established a financial budget al the start of the year and then monitored performance against budget during the period. Considerable Vrk is undertaken lo ensure the continued financial viability of the organisation. Trustees play a key role in holding themselves and each other lo account in key financial matters. This is demonstrated by the followng.. 2025 2024 338 321 £ 22.300 £14,285 £ 64.207 £54,233 £147,760 £137,729 Current active members Subscription income generated Exhibition I Sponsorship income generated Resee$ funding in place Going Concern After making appropriate enquiries. the Board of Trustees has a reasonable expectation that the Charitable Trust has adequate resources lo continue in operation81 existence for the fofeseeable future. For this reason it continues lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basi$ can be found in the Statement of A¢¢ounling policies. FINANCIAL REVIEW Overilgw The association remains financially stabl•, wilh prudent management ensuring that resources are used effectively. Key finan¢ial highlights include.. Total income for the year.. £91,046 {2024.. £73,376> Total expenditure.. £81,01 $12024.. £95,592) Surplus.. £10,03112024.. Defi¢rt £22,216) The trustees eonfim that all funds have been applied in accordance wth the association's objectives. Improvemenl in inome was partly due lo an increase in membership numbers and partly because subscriptions were raised from £50 to £70 per member p.a. in January 2025 for the first time in almost a decade. Membefship includes free access lo events. the on-line forum and semces available via group subscription, made possible by the financial engagement of our eommercial sponsors. We also increased exhibitor fees for conferences in October 2024 and January 2025 lo help cover rising conference costs as well as increasing sponsorship fees for the website in November 2023 which benefited us during this year. With the cost of stsging conferences rising significanlly, BASBM vms pleased to ac¢ept EdExec's offer to mana9e one of the three lemily conferences, thereby reducing the association's financial expo$ure. Financlal and Risk Managernent Objèctives and Policies The Charity's financial and risk management objectives are d¢xumented in its.. Official budgets Scheme of delegation
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 20251cont.dl Financial and Risk Management Obiectives and Policies (cont'dl Financial regulations Risk management policy These documents are available on request. and particular items whtch warrant specific disclosure are noted within this annual report. Reserves Policy The Iruslees review the level of reseryes annualty. This review encompasses the nature of income and expenditure streams, the need lo match income wtth Commitments and the level of reserves laking into account the risks involved. Post Covid, and during organisational changes, when it was wise lo sustain reseNes al a high level, the ITu$tees have determined that the appropriate level of reserves for purposes of going ¢oncern should be £100,000 at present. Reserves as al 31 March 2025 were £147.76012024: £137,729>. Investmttnt Policy All investments are made in accordance wth the polrcy of the charity. The charity's policy on Investments are one of minimum risk wrth all investments being held with the charity's bankers. The charity will nevertheless seek to maximise interest receipts within this arrangem8nl. Investments are made with regard to Charty Commission guidance in rebation lo investments. PRINCIPLE RISKS AND UNCERTAINTIES The trustees have en$ured in 2024125 that BAS8M has a Secu number of members, sponsors and exhibilioners, enhanced governance wlh new recTuils c(wpled lo the board and robust int8rnal control. Al the tim8 of reporting, the trust's identified key risks are.. Loss of personnel and sensitive information: The risk of national and lorAI funding ièdu¢tions', Increasing academisalion. in line with Government policy and particularly further to BCC'S recent failure to implement a new finance system. that is expected to increase centr81isalion of support services and reduce potential for fron14ine membership- Changes lo rules and re9ulalions. Miligaling action, both current and planned, has been identified to address these risks. This is also true of all other risks that have been formally Mlenlified which have a lower b8vel of impact andlor likelihood. Rl$k Manag0mont The Iruslees have reviewed potential risks lo the association and have implemented appropriate measures lo mitigate financial. operational. and reputslional risks. In particular, the cost of event hire and the limited availability of Suitable venues for conferences in and around Birmingham means these matters are carefully managed and under regular review. Formal alliance with ISBL in the year has been of reputational benefrt lo both parties as they aim to encourage and promote the highest professional standards in school business mana9ement. Fundraislng Under the provisions of the Charrties (Proteclion and Social Investment) Act 2016 , the charity will run fundraising events to raise money for olher charrties or for the charity itself. The charity does not work with any professional fundraisers. Where money is raised, this is collected and reeeipted appropriately. The charity has a complaints procedure lo ensure any ncernS ¢an be reported.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 {cont'dl Plans for Future Periods Looking ahead. BASBM aims to:Grow its membership to represent as many schools and trusts in Birmingham as possible Expand training opportunilTre$ for SBPS, parttcularly for those in schools leaving local authority management and in MATS Strengthen partnerships with l¢Jeal and national educatK)n stakeholders and potential sponsors Enhance resources and ac¢e$s opportunities to support members. including continuing bursary awards Increase membeT$hip engagement and professional development through innovative events, the on- line forum and services provided by group subscription Continue to Provide members the opportunity to attend 3 conferences and a minimum of 3 webinars in the membership year to enhance PTofessional development Launch a ben¢hmarking facility lo assist members with effective financial management. Governan¢fr and Trustee8 BASBM 1$ governed by a dedicated board of trustees I'the Comme&.) drawn from the membership who oversee the strategi¢ direction and operations of the association. The trustees during the year were as listed on the Reference Page, including a Chair and tsvo Vice-chairs. Management of the association on a day-tTrday basi$ is organised through annually-reviewed seNi¢e level agreements ISLAS) with.. Anne-MaTie Hunt. Group Operations Manager. of Inspiral Marketing Ilnspiral Solutions Ltd.) Neil Limbrick, Nefyvork Manager and Website Developer, of theEducalionColleclive Ltd. statement of Trustegs. Responsibllities The Iruslees are responsible foi ensuring that proper financial rerdS are maintained and that financial slalemenls comply with applicable regulations. Concluslon BASBM remains committed lo supporting school business managers in Birmingham, ensuring they have the resources and expertise needed to thrive in their roles. The trustees express their gratitude to all member$ and sponsors for their continued support. Audltors In so far as the trustees are aware.. there is no relevant information ol which the charitabFe incorporated organis8tion's independent examiner is unaware., the Iruslees have taken all $tep$ that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. The independent examiner. UHY Hacker Young (Birmingham) LLP, are willing to continue in office and a resolution to appoint them will be proposed al the annual general meeting. The Trustees. Report incoTpoTating a strategic report was approved by the board of trustees on 27 June 2025 an signed on their behalf by.. Amanda Kaye Chair of Trustees 27 June 2025
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trust a responsible for preparing the Annual Report and the Financial Statements in accordance with appliable law and the Financial Reports"rrfJ Stsndard applicable in the UK and Republic of IielarKI (FRS 102) (effective 1 January 2019) - Charth"es SORP (FRS 102) and Financial Reporting StarKlard appliable in the UK and Reputjic of Ireland {FRS 102). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year wthich give a true and fair view of the state of affairs of the charty and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the Trustees are rUired to: select suitable accounling policie5 and then appty them consistentty.. observe the meth¢)ds and principles in the Charities SORP 2019; make judgemenls and estimates that are reasonable and prudent., state whether applicable UK accounb'ng stsndards have been followed. suty'ect to any departures disclosed and explained in thè financial ststemwts.. ar)d prepare the financial statements on the goirg concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keepirKJ accounting re¢dS that disclose with reasonable accuracy at any time the financial posrtion of the charity arKI enable them to ensure that the financial statements comply with the Charities Act 2011. Charty (Accounts and Reports) Regulations 2008, Financial Reporting Standard IFRS 102) and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud arKI other irregularrties. Approved by the Trustees and signed on their behalf by.. Amanda Kaye Chalr of Trustees 27 June 2026
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMEprr INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2026 I report to the charity trustees on my examination of the accounts of the charttable incorporated organisation (CIO) for the year ended 31 March 2025. Responsibilities and basis of report As the charitable incorporated organisation's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charrtable incorporated organisation's accounts carried out under section 145 of the Acl and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151(b) of the Act. Independenl examlnerfs statement I have completed my examination. I confirm that no material matters have ¢ome lo my attention in connection with the examination giving me cause to believe that in any material respe¢t.- accounting records were not kept in respect of the charbtable incorporated organisation as required by section 130 of the Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a 'true and fair view vthich is not a matter considered as part of an independent examination. I have no concerns and have come across no other m*ters in connection with the examination to which allention should be drawn in this report in order to enable a proper understanding of the accounts to reached. Mlchael Nlelsen ACA UHY Hacker Young181rmlngham) LLP 9.11 Vlttorla Street Birmlngham B1 3ND 27 June 2025
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 10 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Ilncluding Income and Expenditure Account) Restrleted General Funds Total 01.04.24 to 31.03.26 Totsl 01.04.23 to 31.03.24 Unrostricted Funds Note Income from: Donations and capital grants Charitable a¢tivrties-. Funding for the charrtable trust's operations Investment income 86.507 4.539 86.507 4,539 68,518 4,858 Total 91.046 91,046 73.376 Expendlture on: Raising funds Charitable activities". Charitable Irusl's educational operations Other 81.015 81,015 95.592 Total 81.015 81.016 95.692 Net Income l {expendllure 10,031 10,031 (22,216) Transfers between funds 11 Nel movement In fundg 10,031 10,031 122,216 Reconclllatlon of funds Total fund$ brought forward 11 137.729 137,729 159,945 Total funds carrled forward 11 147,760 147,760 137,729 All of the charrtable trust's actNits'es derive from acquisitions and continuing operations during the above financial Tiod.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 11 BALANCE SHEET AS AT 31 PAARCH 2025 2025 2024 Current assets Debtors Cash at bank and in hand 8.212 170.952 179,164 10.260 165,103 175,363 Current liabilities Credltors: Amounts falling due within one year 31,404 31.404 37,634 37,634 Net current assets 147,760 137,729 Total Net Assets 147,760 137,729 Funds of the charlty: Restrfcted funds Restricted income fund Total restrlctsd funds 11 Unrestricted income fund Total unrestrlcted funds 11 147,760 147.760 137,729 137,729 Total funds 11 147,760 137,729 The financial statements t>n pages 10 to 20 approved by trustees aThl authorised lor issu8 on 27 June 025 and signed on their behalf by.. Amanda Kaye Chalr of TnJsteo8
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 12 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 Statement of A¢¢ounting Policies A summary of principal accounling policies adopted {vthich have been applied consistently, except where noted), judgements and key sources of estimation uncerlainty, is set out below. Basis of Preparation The financial slatemenls of the charity. which is a public benefrt entity under FRS 102, have been Pfepared under the historical cost convention in accoidance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 102), the Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)), and the Charities Ad 2011. Birmingham Association of School Business Management BASBM) meets the definition of a public benefit enlrty under FRS 102. Golng Concern The ITUStees assess whether the use of going concern is appropriate i.e. vthether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the dale of aulhorisation for issue of the financial statements and have concluded that the charity has adequate resouices lo continue in operalional existence for Ihe foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounling in preparing the financial statements. Income All incoming resources are recognised vthen the charty has entrtlement to the funds, the receipt is probable and the amount can be measured reliably. Subscrlptlon Income Subscription income provided lo the charity is recognised in the Statement of Financial Activities in the period in which it is receivablè, wherè receipt is probable and it can be measured reliably. Donatlons Donations are r8cognised on a receivable basis where there is certainty of receipt and Ihe amount can be reliably measured. Other Income Other income, including the hiTe of facilities. is recognised in the period it is reoeNable and lo the extent Ihe charity has provided the goods or services. Donated goods, facilities and servicex Goods donated for resale are included at fair value. being the expected proceeds from sale less the expected costs of Sale. If it is piactical to assess the fair value at receipt, it is recognised in stock and 'Income from other trading acttvilies,. Upon sale, the value of the stock is charged against 'lncome from other trading activities, and the proceeds are recognised as 'lncome from other trading aclivilies,. Where il is impractical to fair value the items due to the volume of low value rtems they are not recognised in the financial stalemenls until they are sold. This income is recogni5ed within 'lncome from other trading activities,. Where the donated good is a fixed asset rt is measured at fair value, unless il is impractical to measure this reliably, in which case the cost of the rtem to the donor should be used. The gain is recognised as income from donation5 and a corresponding amount is included in the appropiiale fixed asset category and depreciated over the useful economic lrfe in accordance with the charity's accounting policies.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 13 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {¢ont'dl 1 Statement of Accountlng Policies Icont'd) Expenditure Expenditure is recognised once there is a legal or consliuctive obligation lo transfer economic benefit to a third party. it Is probable that a tfansfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is clasSifd by actrvity. The costs of each activity are made up of the total of direct costs and shafed costs, induding support costs involved in undertaking each activity. Direct costs attribulable to a single aclivty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocaled on the portion of the asset's use. Expendlture on Ralslng Funds This includes all expenditure incurred by the charty to raise funds for its charitable purposes and includes costs of all fundraising activities events and nonrycharitable trading. Charltable A¢tivili These are costs incurred on the charity's educatlonal operations. including support costs and ¢osls relating to the governance of the charity apportioned to charitable activities. All resources expended are inclusive of irrecoverable VAT. Tanglble Flxed Assets Assets costing £600 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided on a straighl line basis on the cost of tangible fixed assets. to write them down lo their estimated residual values over their expeed useful lives. No depreciation is provided on leasehold land where the lease is more than 20 years. The principal annual rates used for other assets are.. Furniture and equipment Computer equipment and soflware A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying valLse of any fixed asset may not be recoverable. Shortfalls ben the carrying value of fixed assets and their recoverable amounts are recognised as impaim)enls. Impaimient losses are recognised in the Stalemenl of Financial Activities. 10/0 25./0 Leased assets Rentals under operating leases are charged on a straight line basis over the lease term. Flnan¢lal Instruments The charity only holds basic financial instruments as defined in FRS 102. The financial assets and fi'nancial liabilities of the charity and their measurement basis are as follows.. Financial assets trade and other deblors are basic financial inslrumenls and are debt instruments measured at amortised ¢osl as detailed in note 9. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Fin8n¢i81 liabilities trade credilors, a¢¢ruals and other credrtors are basic finan¢ial instruments, and are measured at amortised cost as detsiled in note 10. Taxation The charrty is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charrtable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains rtteived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable VAT Value added tax is chargeable on all subscription. advertising and meeting income. Value added tax, where applicable. is recoverable on all charrtable related expenditure.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icont'd) 1 Statement of A¢countlng Policies (Cont'd) Fund Accounting Unrestricted income funds represent those resources which may be used towards meeting any of the charitable obje¢ts of the charity at the discretion of the trustees. Restricted general funds comprise all other restricted funds received th restrictions imposed by the funderldonor. Critical accountlng estimates and areas of judgement Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of fLrture events that are believed to be reasonable under the Crltlcal a¢counting estlmates and assumptions The charity makes estimates and assumptions concerning Ihe future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to Ihe carrying amounts of assets and liabilities within the next financial year are subscriptions, exhibition in¢ome and website advertising. Crltlcal areas of judgement There are no critical judgements that the Truslees have made in the process of applying the charity's accounting policies on the amounts recognised in the statutory financial slatements. 2 DONATIONS AND CAPITAL GRANTS Unre$trl¢ted Restrlcted Funds Funds Total 2026 Total 2024 Capital grants Donations The income from donations and caprtal granls was unrestricted for both year ending 31 March 2025 and 31 March 2024. 3 FUNDING FOR THE CHARls OPERATIONS Unrestrlcted Rostrl¢ted Funds Fund$ Total 2026 Totsl 2024 Subscriplions Exhibitions Website Advertising 22,300 27.820 36.387 22,300 27,820 36.387 86,507 14,285 34,680 19,553 Other income from the charilable trusfs educational operalions The income from funding for the charity's operations was unrestricted for both year ending 31 March 2025 and 31 March 2024.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 lcont'd) 4 INVESTMENT INCOME Unreslricted Restricted Funds Funds Total 2025 Total 2024 Bank interest Teceived 4,539 4,539 4,858 4,539 4.858 The income from the charitsble trusvs investment income was unrestri¢ted for both year ending 31 March 2025 and 31 March 2024. 5 EXPENDITURE Non Pa nditure Staff Costs Pr?mi5o5 Other Costs Total 2025 Total 2024 Charity's operatlons Direct Costs Allo¢aled support costs 48.036 8,829 48,036 32,979 64,577 31,015 24,150 The charrtable trust's expenditure was unrestricted for both year ending 31 March 2025 and 31 Marth 2024 Total 2025 Total 2024 Net expendlture for the yoar Includes: Fees payable to independent examiner 2,800 2,700
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMEP 16 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (cont'd) 6 CHARITABLE ACTIVITIES Total 2025 Total 2024 Direct costs Support ¢osts 48,036 32,979 1,015 64,577 31,015 Analysls of Dlrect Costs Conference costs Bursary Scheme Meeting costs Group operation fees Membership Benefits fees Website costs 20,217 6,300 450 2,840 9,253 8,976 48,036 43,652 99 2,170 10,270 8,387 64.577 Analysls of Support Costs Administration, marketing and network services Insurance, postage and slalionery Staff Training Accountancy 24,150 2,102 3,927 2,800 32,979 23,000 2,475 2,765 2,775 31.016 7 STAFF Key management personnel The key management of the charity is delivered through a service Ve1 agreement with Inspiral Marketing Ltd and the Education Collective who are listed on page 3 in addrtion to work from the Trustees. The total amount of management benefrts payable under these SLAS for their services to the charity for year ending 31 March 2025 was £33.635 (31 March 2024.. £31,387). RELATED PARry TRANSACTIONS - TRUSTEES. REMUNERATION AND EXPENSES No trustees received any remuneration. However. employer re•imbursements are paid in compensation for schools releasing their SBMS in working time for BASBM meeling attendance. During the year ended 31 March 2025 131 March 2024}'. travel and subsistence expenses lolalling £360 {2024'. £193} were reimbursed lo trustees, subscription costs of £1,240 12024.. £8691 were paid on behalf of 13 Trustees and conference attendance cosls of £2.840 (2024.. £3,318). Other related paty transactions including trustees are set oul in note 13. 9 DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 4.284 3,928 8.212 7,073 3,187 10,260
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (cont'd) 10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2024 Trade creditors VAT payable Accruals and deferred income 7,940 6,921 22,773 37,634 2,768 27,796 31,404 Doftrred Incomo 2025 2024 Deferred income at 1 April Resources deferred in the year Amounts released ffom previous period Deferred income at 31 March 19,143 21,944 19.143 21.944 6.767 19.143 6,767 19,143 At the balance sheet date the charitable company was holding funds received in advance for websrte advertising lotalling £21.944 {2024 . £19.143>. 11 FUNDS The income funds ol the charty comwise the following balances of funds to be applied for spécific purposes: Balance at Incomlng Resources Galns. Balan¢0 at 1 Aprll Resources Expended Losses & 31 March 2024 Transfers 2026 Unrestrlcted Funds Unrestricted funds Total unrestrlcted funds 137.729 137.729 81,016 81,015 147,760 147,760 91.046 Total Funds 137.729 91.046 81.016 147,760 Comparative information in respect of the preceding period is as follows- Balance at Incorning Resources Gains. Balance at 1 Aprll Resources Expended Losses & 31 March 2023 Transfers 2024 Unrestrlcted Funds Unrestricted funds Total unrostrlcted funds 159,946 159.945 73,376 73,376 (95.5921 (95,592 137.729 137,729 Total Funds 159,945 73.376 95.592 137,729
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 18 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 (cont'd} 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 31 March 2025 are represented by- General Unrestrl¢ted Restricted Funds Funds Total Current assets Current liabilities 179,164 (31.404 147.760 179,164 {31,4041 147,760 Comparative fund balances at 31 March 2024 are represented by.. General ilnrestf5¢ted Restrl¢ted Funds Funds Total Current assets Current liabilities 176,363 {37.634 137,729 175,363 (37,6341 137,729 13 RELATED PARTh TRANSACTIONS Emma Banks (Trusleel is Finance manager at Lindsvéorth School. BASBM received membership fees lolalling £140 12024.. £100) from Lindsworth School during the yeaT. £Nil 12024. £Nill was due from Lindsworth School at 31 March 2025 in SpeCt to these fees. BASBM paid trustee reimbursements lolalling £300 (2024. £1801 lo Lindsworth School during the year. £Nil 12024. £Nil) was due lo Lindsworth School at 31 March 2025 in respect lo these fees. Ruth Barrett (Trusleel is a school business manager at Hamilton School. BASBM received membership fees lolalling £140 {2024.. £150) from Hamitton School during the year. £Nil {2024.' £501 was due from Hamilton School at 31 March 2025 in respect to these fees. BAS8M paid Iruslee reimbursements totalling £15012024.. £2401 to Hamitton School during the year. £Nil {2024'. £Nill was due to Hamilton School at 31 March 2025 in respect to these fees. Brian Baughan {Vice-Chair) is a school business manager at Anglesey Primary School. BASBM received membership fees totalling £70 (2024.. £501 from Angtesey Primary School during the year. £Nil 12024.. £Nil} was due from Anglesey Primary School al 31 March 2025 in respect to these fees. BASBM paid trustee reimbursements lotslling £300 12024.. £240) to Anglesey Primary School during Ihe year. £150 (2024.. £Nil) was due to Anglesey Primary School at 31 March 2025 in respect lo these Lynne Reeves (Trustee) is a school business Manager at Bellfield Junior School. BASBM received membership fees totalling £70 (2024. £50> from 8eiifEld Junior School during the year. £Nil 12024.. £Nil) was due from Bellfield Junior School at 31 March 2025 in respect lo these fees. BAS8M paid trustee reimbursements totalling £590 12024.. £150) lo Beiifield Junior School during the year. £14012024.. £150) was due to Beiifield Junior School at 31 March 2025 in respect to Ihese fees.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 19 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 {¢ont'dl 13 RELATED PARTY TRANSACTIONS (Cont'd) Vicki Broad ITTUStee} was a Business Impiovement Partner at Birmingham Diocesan Multi-Academy Trust (MAT) unlil August 2024 then moved lo be Executive Business Manager at Esteem Mulli- Academy Trust {MAT). BASBM received membership fees totalling £330 {2024'. £501 fTom Birmingham Diocesan MAT and £70 (2024.£Nil) from Esteem MAT dvring the year. £7012024.. £Nil} was due from Birmingham Diocesan MAT at 31 March 2025 in respect to these fees. BASBM paid trustee reimbursements totalling £150 {2024.' £330) to Birmingham Diocesan MAT and £300 {2024.' £Nil) to Esteem MAT during the year. £Nil {2024.' £1501 was due to Birmingham Diocesan MAT and £150 12024.. £Nil) was due to Esteem MAT at 31 March 2025 in respecl to these fees. Scott Brierley Doyle (Trustee) is a Director of Resources at Small Heath Leadership Academy (Star Academies). BASBM received membership fees totalling £70 (2024. £Nill from Small Heath Leadership Academy during the year. £Nil {2024.' £Nill was due Small Heath Leadership Academy al 31 March 2025 in resped to these fees. BASBM paid trustee reimbursements totalling £290 12024.. £Nill to Small Heath Leadership Academy. £140 12024.. £150> was due to Small Heath Leadership Academy at 31 March 2025 in respect to these fees. Chris Christoforou (Trustee) is the Chief Financial Officer at Excelsior MAT. BASBM received membership fees lotalling £70 12024.. £50} from Excelsior MAT during the year. £Nil (2024.. £Nill was due from Excelsior MAT at 31 March 2025 in respect to Ihese fees. BASBM paid trustee reimbursemenls lotalling £45012024.. £330) to Excelsior MAT during the year £150 {2024.' £3301 was due to Excelsior MAT at 31 March 2025 in respect to these fees. Tara Hanif (Twsle& Resigned December 24) was a Business Manager I CFO al Reach School. BASBM received membership fees totalling £Nil (2024.. £501 from Reach School during the year. £Nil 12024. £Nil) was due from Reach School al 31 March 2025 in resped to these fees. BASBM paid trustee reimbursements totalling £Nil (2024.. £Nill to Reach School during the yèar. £Nil (2024.. £Nill was due lo Reach School al 31 March 2025 in respect lo these fees. Stuart Jones {Trustee> is a School 8usiness Manager at Chil¢ole Primary School. BASBM received membership fees totalling £70 {2024'. £501 from Chilcole Primary School during the year. £Nil12024'. £Nil) was due from Chilcote Primary School at 31 March 2025 in respect to these fees. BASBM paid trustee reimbursements tolalling £590 (2024.. £270) lo Chilcole Prirnary School during the year. £140 12024.. £150) was due to Chilcotè Primary School at 31 March 2025 in respect lo these fees.
BIRMINGHAM ASSOCIATION OF SCHOOL BUSINESS MANAGEMENT 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (¢ont'd) 13 RELATED PARTY TRANSACTIONS {Cont'dl Sue Longhorne (Trusteel is a School Business Manager al St Patrick's and St Edmunds Catholic Primary Schools. BASBM received membership fees totalling £7012024.. £50) from St Patrick's and Sl Edmunds Catholic Primary Schools during the year. £Nil {2024.' £Nill was due from St Patrick's and Sl Edmunds Catholic Primary Schools al 31 March 2025 in respect to these fees. BASBM paid trustee reimbursements totalling £2012024.. £120) to St Patrick's and Sl Edmunds Catholic Primary Schools during the year. £20 {2024". £120) was due to St Palri¢k's and St Edmunds Catholic Primary Schools at 31 March 2025 in respect to these fee$. Wendy Mercer (Truste& Appoinled June 20241 is a School Business Manager at Bordesley Green Girls, School and Sixth Form. BASBM received membership fees totalling £140 {2024'. £Nil) from Bordesley Green Girls. School and Sixth Form during the year. £Nil {2024'. £Nil) was due from Bordesley Green Girls, School and Sixth Form at 31 March 2025 in respect to these fees. BASBM paid trustee reimbursements lolalling £150 12024.. £Nil) lo Bordesley Green Girls. School and Sixth Form during the year. £Nil {2024= £Nil) was due to Bordesley Green Girls. School and Sixth Form at 31 March 2025 in respect to Ihese fees. Amanda Kaye (Trustee) had no related parb.es during the year. 14 EVENTS AFTER THE END OF THE REPORTING PERIOD There are no material adjusting events arising after the balance sheet dale.