## **Class 13 CIO**
**Charity No. 1189134**
**Trustees' Report and Unaudited Accounts**
**Period ended 30 April 2022**
## **Class 13 CIO**
## **Contents**
||Pages|
|---|---|
|Trustees' Annual Report|3 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9 to 13|
## **Class 13 CIO**
## **Charity information**
The Trustees present their report with the unaudited financial statements of the charity for the period ended 30 April 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1189134**
## **Registered Office**
25 Dryden Close Basingstoke RG24 9DJ
## **Trustees**
The following trustees served during the year:
Hiruthiga Arunagiri Trustee Vasant Chari Chair Vaishali Pattni Trustee Solomon Rose Trustee
## **Key Management Personnel**
Curtis Worrell CEO
## **Accountants**
Multiply Accountancy 71-75 Shelton Street London WC2H 9JQ
## **Bankers**
Co-operative PO Box 250 Skelmersdale WN8 6WT
Page 2
## **Class 13 CIO**
## **Trustees Annual Report**
## **OBJECTIVES AND ACTIVITIES**
The objects of the CIO are, for the public benefit, the promotion of equality and diversity and the advancement of education, particularly by working with teachers and students to develop strategies and techniques which combat racism and other forms of discrimination.
The Trustees have given due regard to the Charity Commission’s guidance on public benefit.
## The overarching aims of the charity:
Reducing inequity in school by challenging deficit thinking. We educate and empower teachers, giving them the motivation, ability, and opportunity to change perceptions and behaviour. We believe that this leads to improved relationships with students, which results in changing classrooms and schools.
Our Theory of Change diagram provides an overview of our intervention, the outcomes we hope to achieve, and the mechanisms of change or the “magic” of our programme: motivation, ability, and opportunity. Motivation (What) - We build on teachers’ awareness and understanding of the problems of deficit thinking, racism, and inequitable classrooms that impede a child's right to express themselves freely.
Ability (So, What) - Our learning equips teachers with accurate information and knowledge and tools to actively make a difference in their classrooms.
Opportunity (What now) We support teachers and schools to build a future-proof practice framework which can act as a compass for all decisions. This framework comprises the well-researched and robust principles of AntiDeficit thinking, Equity literacy with explicit reference to race and Democratic education.
## **ACHIEVEMENTS AND PERFORMANCE**
## Winners of FEA innovation award 2021
In 2022, we engaged 248 professionals working with young people across education and youth work settings. The feedback from participants has been overwhelmingly positive, and using this we worked with Dr Shivonne Gates, Impact and Evaluation Specialist, to build an evaluation framework.
Motivation 86% of teachers said their understanding of how deficit thinking relates to their practice had improved.
Ability 71% of teachers reported an improvement in their confidence in having conversations about racism with colleagues.
Opportunity 78% of teachers developed tangible actions for their classrooms.
The beneficiaries of Class 13’s work are those young people who have been traditionally underserved by the education system.
## **FINANCIAL REVIEW**
FY22 was a significant year for the CIO, securing significant funding and support from large grant-making organisations such as the Fair Education Alliance and The Allen & Overy Foundation. This funding enabled us to reach 248 teachers in the year (2021: 2022) and increased our networks within the sector. Support from these organisations so early in our journey has given us a great boost and is giving us credibility as we make applications to larger organisations going forward.
## **Financial Activity and Financial Position**
The CIO generated income of £37,931 (2021: £20,716). Of this, £16,000 (2021: £nil) was restricted. The CIO currently holds £19,031 (2021: £7,707) in assets with £4,574 (2021: £nil) liabilities giving a net asset position of £14,457 (2021: £7,457). The increase in generated income in the year compared to the previous perod, as well as the increased level of general funds, provides comfort to the Trustees that the Charity will be able to continue its charitable objectives.
## **Reserves Policy**
The Trustees have determined that the reserves policy is to hold aqequate resources in general funds to cover the CIO's non-sales related expenditure for the next twelve months. At the period end, the Charity held £14,457 in general funds, which the Trustees believe to be sufficient to expend the ongoing costs, and to continue the Charity's objectives.
Page 3
## **Class 13 CIO**
## **Trustees Annual Report**
## **PLANS FOR FUTURE PERIODS**
Deliver training to, and work with:
Camden Anti-Racist Hub, up to 10 primary schools Poplar Harca, up to 16 youth workers
Expand our inset/introdctory offer.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Trustees**
Trustees meet on a quarterly basis. Trustees focus on understanding progress with delivery of the CIO's objectives and aims - work that has been done and that which is upcoming, and also discuss the financial position and pipeline of fundraising applications and expected income.
When inducting a new Trustee, they will initially meet with the CEO and two Trustees to ensure governance and fit with the organisation are established early. They are directed to review the CIO's most recent financial statements, and are given an understanding on how the CIO is progressing in delivery of its aims. They are given access to the Charity Commission's guidance 'The Essential Trustee' as well as the Trust Deed of the Charity.
## **RISK MANAGEMENT**
The Trustees acknowledge that they have a responsibility for the identification and proper management of risks faced by the Charity in achieving its primary aims. The Trustees have therefore assessed the major risks to which the Charity is exposed, in particular those relating to the specific operational areas of the Charity, its investments and its finances. The Trustees believe that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the Charity, they have established effective systems and procedures to mitigate those risks.
Page 4
## **Class 13 CIO**
## **Trustees Annual Report**
## **Responsibilities of Trustees for the Financial Statements**
The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of income and expenditure of the Charity for that period.
In preparing those financial statements, the Trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles of the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the Charity will continue.
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included in the Charity’s website.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the Charities SORP (FRS 102).
Signed on behalf of the trustees
## Vasant Chari (Feb 28, 2023 20:48 GMT)
Chair
> Date: Feb 28, 2023
Page 5
## **Class 13 CIO**
## **Independent Examiner's Report to the trustees of Class 13 CIO**
I report to the charity trustees on my examination of the accounts of Class 13 CIO for the period ended 30 Apil 2022 which comprise the Statement of Financial Activities (incorporating the Summary Income and Expenditure Account), the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
The charity is requried to have an independent examination, and so, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination as a member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Chris Conway (Feb 28, 2023 21:24 GMT)
## **Chris Conway**
Institute of Chartered Accountants in England and Wales
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
Date: Feb 28, 2023
Page 6
## **Class 13 CIO**
**Statement of Financial Activities (incorporating the Summary Income and Expenditure Account) for the period ended 30 April 2022**
|**Notes**
**Income and endowments from:**
Donations and legacies
**3**
Charitable activities
**4**
**Total incoming resources**
**Expenditure on:**
Raising funds
**5**
Charitable activities
**6**
Other
**7**
**Total outgoing resources**
Net gains on investments
**Net incoming resources**
**8**
Transfers between funds
**Net incoming resources before other gains/(losses)**
Other gains and losses
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds 2022**
**Restricted**
**funds 2022**
**Total funds**
**2022**
**£**
**£**
**£**
17,431
16,000
33,431
4,500
-
4,500
**21,931**
**16,000**
**37,931**
1,242
-
1,242
1,138
16,000
17,138
12,551
-
12,551
**14,931**
**16,000**
**30,931**
-
-
-
**7,000**
**-**
**7,000**
-
-
-
**7,000**
**-**
**7,000**
-
-
-
**7,000**
**-**
**7,000**
7,457
-
7,457
**14,457**
**-**
**14,457**|**Total funds**
**2021**
**£**
17,663
3,053|
|---|---|---|
|||**20,716**
-
12,379
880|
|||**13,259**
-|
|||**7,457**
-|
|||**7,457**
-|
|||**7,457**
-|
|||**7,457**|
Page 7
## **Class 13 CIO**
## **Balance Sheet at 30 April 2022**
|**Notes**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors:**Amounts falling due within one year
**11**
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**The funds of the charity**
Unrestricted funds
**12**
Restricted funds
**12**
**Total funds**|**2022**
**£**
630
18,401
**19,031**
**(4,574)**
**14,457**
**14,457**
**14,457**
14,457
-
**14,457**|**2021**
**£**
500
7,207|
|---|---|---|
|||**7,707**
**(250)**|
|||**7,457**|
|||**7,457**|
||||
|||**7,457**|
||||
|||7,457|
|||**7,457**|
Feb 28, 2023
Approved by the trustees on …........................ and signed on its behalf by:
Vasant Chari (Feb 28, 2023 20:48 GMT) Chair
> Date: Feb 28, 2023
Page 8
## **Class 13 CIO**
## **Notes to the Accounts for the period ended 30 April 2022**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention. They are prepared in sterling, which is the functional currency of the charity. Amounts presented are rounded to the nearest pound.
## **Going concern**
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Fund accounting** Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of thegeneral objects of the charity.
## **Income**
## Recognition of income
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
## Income with related expenditure
Where income has related expenditure the income and related expenditure is reported gross in the SoFA.
## Donations and legacies
Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
## Tax reclaims on donations and gifts
Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.
## Donated services and facilities
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
## Volunteer help
The value of any volunteer help received is not included in the accounts.
## Investment income
This is included in the accounts when receivable.
## Gains/(losses) on revaluation of fixed assets
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
Gains/(losses) on revaluation on investment assets
This includes any gain or loss on the sale of investments.
Page 9
## **Class 13 CIO**
## **Notes to the Accounts for the period ended 31 August 2021**
## **Accounting policies**
## **Expenditure**
## Recognition of expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
## Expenditure on raising funds
These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.
## Expenditure on charitable activities
These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.
## Governance costs
These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
## Other expenditure
These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Page 10
## **Class 13 CIO**
## **Notes to the Accounts for the period ended 30 April 2022**
## **2 Charity status**
Class 13 CIO is a charitable incorporated orgnisation and is not a registered company at Companies House.
|**3**
**Income from donations and legacies**
Donations and grants
Gift Aid
Donated goods, facilities and services|**2022**
22,680
1
10,750
33,431|**2021**
6,413
500
10,750|
|---|---|---|
|||17,663|
In the year to 30 April 2022, £16,000 of grants received comprise restricted funds (2021: £nil). Further information is available in note 12.
|**4**
**Income from charitable activities**
Session delivery and consultancy fees
**5**
**Expenditure on raising funds**
Advertising and marketing
**6**
**Expenditure on charitable activities**
Online sessions costs
Donated services: seconded staff for online teaching
Independent examination - current year
Legal and professional fees
**7**
**Other expenditure**
Staff costs (Note 9)
General administrative costs
**8**
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**2022**
4,500
**2022**
1,242
**2022**
1,418
10,750
720
4,250
17,138
**2022**
12,078
473
12,551
**2022**
-|**2021**
3,053
**2021**
-
**2021**
1,379
10,750
250
-|
|---|---|---|
|||12,379|
|||**2021**
-
880|
|||880|
|||**2021**
-|
Page 11
## **Class 13 CIO**
## **Notes to the Accounts for the period ended 30 April 2022**
|**9**
**Staff costs**
Salaries and wages
Social security costs
Pension costs
Staff recruitment and training costs|**2022**
10,250
1,060
307
461
12,078|**2021**
-
-
-
-|
|---|---|---|
|||-|
No employee received emoluments in excess of £60,000.
No trustees were reimbursed for expenses incurred in the period to 30 April 2022. No trustee received any remuneration in the period.
Key management personnel comprise the trustees and the CEO, as laid out on page 2. Total remuneration paid to these individuals was £2,250
The average number of staff employed, including part time staff was 1.
|**10**
**Debtors**
Trade debtors
Gift Aid receivable
Other debtors
**11**
**Creditors falling due within one year**
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income|**2022**
-
-
630
630
**2022**
3,854
-
720
4,574|**2021**
-
500
-|
|---|---|---|
|||500|
|||**2021**
-
-
250|
|||250|
Page 12
## **Class 13 CIO**
## **Notes to the Accounts for the period ended 30 April 2022**
## **12 Movement in funds**
|**At 1 May 2021**
Unrestricted funds:
General funds
7,457
Restricted funds:
The Fair Education Alliance
-
The Allen & Overy Foundation
-
-
7,457
**At 1 May 2020**
Unrestricted funds:
General funds
-
-
**Analysis of net assets between funds**
Net current assets
Net current assets|**Incoming**
**resources**
**including other**
**gains/(losses)**
21,931
10,000
6,000
16,000
37,931
**Incoming**
**resources**
**including other**
**gains/(losses)**
20,716
20,716|**Outgoing**
**resources**
(14,931)
(10,000)
(6,000)
(16,000)
(30,931)
**Outgoing**
**resources**
(13,259)
(13,259)
**Unrestricted**
**Funds**
14,457
14,457
**Unrestricted**
**Funds**
7,457
7,457|**At 30 April**
**2022**
14,457|
|---|---|---|---|
||||-
-|
||||-|
||||14,457|
||||**At 30 April**
**2021**
7,457|
||||7,457|
||||**Total 2022**
14,457|
||||14,457|
||||**Total 2021**
7,457|
||||7,457|
## **13 Analysis of net assets between funds**
Page 13