Charity No. 1189134 Trustees' Report and Unaudited Accounts For the 16-month period ending 31 August 2025 

File 1 of 2, Page 1 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## 

## **Contents** 

|**Reference and Administrative Details**|**3**|
|---|---|
|**Trustees Annual Report**|**4**|
|**Independent Examiner's Report**|**11**|
|**Statement of Financial Activities**|**12**|
|**Balance Sheet**|**13**|
|**Notes to the Accounts**|**14-22**|



2 

File 1 of 2, Page 2 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

The Trustees present their report with the unaudited financial statements of the charity for the 16-month period ending 31 August 2025. 

## **Reference and Administrative Details** 

Charity No. 1189134 

Registered Office Unit 28, The Link 49 Effra Road London SW2 1BZ 

## **Charity Trustees** 

The following trustees served during the period: Vasant Chari – Chair (until June 2025, then Trustee) Sarah Hale – Treasurer Bertina Ho – Secretary Stella Camugino  - Trustee  (retired February 2026) Rowena Eastwick - Trustee (appointed August 2024) Dilys Kyeiwaa Winterkorn - Chair (from June 2025) (appointed May 2025) Rhian Prewett - Trustee (appointed February 2026) 

## **Key Management Personnel** 

Curtis Worrell – Founder 

## **Independent Examiner** 

Michelle Westbury FCCA West & Berry Nile House, Nile St Brighton BN1 1HW 

## **Bankers** 

Co-operative Bank PO Box 250 Skelmersdale WN8 6WT 

3 

File 1 of 2, Page 3 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

## **Trustees Annual Report** 

The trustees present their annual report and financial statements for the period ended 31 August 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". 

## **Structure, Governance and Management** 

Class 13 is a Charitable Incorporated Organisation (CIO), incorporated on 20 April 2020 and registered with the Charity Commission in England and Wales (1189134). 

## **Trustees** 

A board of Trustees manages Class 13. The minimum number of Trustees shall be three (3) but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. 

Trustees meet quarterly. Trustees focus on assuring progress with the delivery of Class 13’s objectives and aims - work that has been done and is upcoming, the financial position, pipeline of fundraising applications and expected income. They also review the evolution of Class 13’s Theory of Change. 

Upon appointing 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 Class 13’s most recent financial statements and are given an understanding of how the charity is progressing in the delivery of its aims. They are given access to the Charity Commission's guidance, 'The Essential Trustee' and our Constitution document. Trustees are expected to experience a version of Class 13’s offer to teachers, ensuring Trustees understand the charity’s product offer as well as building empathy with our customers and users. 

All Trustees gave their time freely to the charity. In the period to 31 August 2025, there were no related-party transactions to report. 

The Board of Trustees delegate the day-to-day management of Class 13 to the CEO. 

## **Objectives and Activities** 

The objects of Class 13 are, for the public benefit, the promotion of equality and diversity and the advancement of education, particularly by working with teachers to develop strategies and techniques that combat racism and other forms of discrimination. The Trustees have given due regard to the Charity Commission’s guidance on public benefit. 

4 

File 1 of 2, Page 4 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

The overarching aims of Class 13: 

- 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 young people, which results in changing classrooms and schools. 

- Our Theory of Change 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 anti-deficit thinking, equity literacy, with explicit reference to race, and democratic education. 

## **Achievements and performance** 

The charity has amended its financial reporting period to align more closely with the academic year. This means that the period in review is for 16 months, from 1 May 2024 - 31 August 2025. 

This period marked a shift from delivering strong standalone training to building the conditions for deeper, longer-term systems change. Alongside delivery, Class 13 strengthened our infrastructure, grew our team capacity, and deepened our partnerships in Lambeth and beyond. Throughout, our work remained grounded in a simple proposition: inequity is reproduced by systems, not individual children, and meaningful change requires schools to examine ideology, practice, and power, not just outcomes. 

We sustained our flagship **Foundational Learning** programme as a consistent thread running through the period, creating an ongoing space for educators and wider children’s workforce professionals to reflect, build shared language, and translate equity commitments into everyday practice. Across cohorts, we engaged a diverse mix of roles and settings, including teachers, senior leaders, SEND specialists, behaviour and inclusion staff, youth workers, and community practitioners. 

## **Strengthening delivery and extending our reach** 

Alongside Foundational Learning, we delivered targeted work with schools and partners, including a deficit ideology session as part of Surrey Square Primary School’s Family Zone project, and a session with youth workers in Camden. 

We also began developing a safeguarding training offer aligned with our wider philosophy. In preparation for this, three members of the team completed six days of safeguarding training with the NSPCC, alongside a further 20 hours of safeguarding development across the wider 

5 

File 1 of 2, Page 5 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

team. This investment was intended to ensure that our safeguarding practice is robust while supporting schools to prioritise relationships, dignity and meaningful participation, rather than relying primarily on control and compliance. 

## **Deepening partnerships and preparing the embedded pilot** 

A major focus of the period was building the partnerships needed for the next phase of our work. We strengthened relationships with **Henry Fawcett Primary School and Lilian Baylis Technology School** , creating the groundwork for more embedded, long-term collaboration. 

Alongside this, we progressed partnerships that align with a whole-system and community approach, including work alongside **Black Thrive/ICB** and **Advocacy Academy** , supporting the development of our Rule Change Project and wider plans for democratic participation in school communities. 

_“As a group we have been working in a way that reflects real democracy, meeting as representatives of the school community and discussing the changes we all want to see. In Class 13 we value each person for who they are, and we’ve tried to build a sense of belonging while encouraging everyone to question, think, and contribute. Through this approach we’ve agreed on new rules that make our school fairer and more inclusive, comfortable and equitable for everyone."_ 

- _Year 8 Equity Ambassador_ 

## **Influence, learning, and sector contribution** 

We continued to build visibility and credibility across the sector via the following activities: 

- We contributed to research and learning spaces, including participation in anti-racist research activity in Bristol (NIESR) and engagement in sector focus groups (including BEO and the Paradigm project). 

- We joined the Lambeth Community Research Network, strengthening our local learning relationships and keeping our work accountable to the community context. 

- We also took part in conferences and as speakers, exhibitors, and panellists, including the Festival of Education, Charter Trust, and the National Governance Association (NGA). 

These opportunities expanded the number of leaders, governors, and practitioners engaging with Class 13’s analysis and approach, and created new pathways for partnership and funded work. 

Alongside our Foundational Learning programme, we delivered nine external workshops, engaging an estimated 144 participants. We also spoke at three conferences, reaching a further estimated 225 people. Together, these activities enabled us to share our approach with approximately 369 educators, leaders and sector professionals, extending our reach and creating new opportunities for dialogue, partnership and future collaboration. 

6 

File 1 of 2, Page 6 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

## **Publishing, communications, and operational readiness** 

During this period, we invested in the practical foundations needed to strengthen our delivery and support the organisation’s future growth. We implemented a new CRM system to improve how we manage our fundraising pipeline, programme participants and relationships with partners and supporters. The system was linked to our new website, supporting more consistent follow-up and improving our ability to track engagement across different areas of our work. 

Class 13 launched its new website on 17 February 2025. Between its launch and 31 August 2025, the website appeared more than 33,000 times in Google search results and received 1,032 clicks from those searches. Alongside the homepage, pages explaining deficit thinking and introducing Class 13’s work attracted the highest levels of search traffic, enabling more people to access our ideas, programmes and resources. 

We also wrote and launched our first major publication, _An Argument for Possibility_ . The publication brought together our analysis and the Advancing Equity Framework in a format that practitioners, partners and supporters could engage with beyond our live training and workshops. 

Our wider digital communications also helped extend the reach of Class 13’s work. We published a new blog on the 13th of each month, building a regular rhythm of reflection and receiving positive feedback from readers who had come to look forward to each release. Our blogs were also shared and featured through a number of external networks and resources. Across LinkedIn and Instagram, our posts generated thousands of views and impressions during the reporting period, with some Instagram content receiving more than 2,000 views and reaching audiences beyond our existing followers. 

## **Building internal capacity** 

Team growth and greater organisational stability were central to this period. Recruitment increased our capacity across programme delivery, training development, evaluation, partnership work and organisational planning, enabling us to strengthen how we design, deliver and learn from our work. 

By the end of the reporting period, excluding the Founder, Class 13 employed one full-time Equity Practitioner based in a primary school and one full-time Equity Practitioner based in a secondary school. Our Primary Equity Practitioner had previously participated in Class 13’s first Foundational Learning cohort in 2020, reflecting the longer-term relationships that have developed through our work. We also worked with two part-time Equity Practitioners who supported the delivery of training and worked alongside leaders in both schools. In addition, two regular contractors provided specialist support with fundraising and graphic design. 

## **Governance updates** 

During the period, we appointed a new Chair, Dilys. We thank Vas for his strong leadership as Chair of Class 13’s board and welcome him to remain in his role as a Trustee to assist with the transition. These changes strengthened governance capacity as we moved into a more 

7 

File 1 of 2, Page 7 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## CLASS 13 CIO 

complex delivery and partnership landscape, and supported the Board to provide robust oversight across organisational development, risk, and sustainability. 

Overall, this period was defined by deliberate foundation-building. We maintained delivery, deepened our partnership base, strengthened our systems and communications infrastructure, and clarified the programme design and evaluation thinking needed for the next stage. The result is an organisation better equipped to deliver longer-term change with schools and communities, while remaining anchored in a clear set of principles about humanity, community, critical thinking, and democracy. 

## **Financial Review** 

The balance in our funding profile shifted during the period whilst we prepared for the embedded pilot in Lambeth, with grants being our dominant income source. Grants and donations accounted for 95% (£316,733). Income from charitable activities (selling Foundational Learning to schools and youth professionals) was 5% (£16,786). Funding received in the prior year supported recruitment to undertake the embedded pilot. 

Class 13 has a total income of £333,519 (2023/ 24: £218,377) in the period. £48,154 was unrestricted, and £285,365 was restricted for projects (2023/ 24: all unrestricted). Class 13 ended the year with a surplus of £60,025, however much of this was restricted for future use on the embedded pilot. Our level of unrestricted funds decreased to £8,068 at the end of the period. Trustees, therefore, are actively managing this risk and supporting efforts to recover the level of unrestricted funds. 

## **Reserves Policy** 

The Trustees have determined that the reserves policy is to hold adequate resources in general funds to cover Class 13's non- sales related expenditure for the next three months. At year- end, Class 13 had free reserves of £4,711 (unrestricted funds less fixed assets) (2024: £66,699). This is below the target, which increased in line with our growth in expenditure. In combination, the charity had a four- month period before commencing the pilot, whereby reserves were utilised, and like many in the sector, there has been difficulty in securing unrestricted income. 

To mitigate this, after the period, the charity secured funding to cover fundraising support to seek unrestricted grants to help us build back our reserves. Trustees are also reviewing our cash- flow monitoring and our administrative costs not supported by restricted grants. This is starting to prove fruitful, and the Trustees are cautiously optimistic that the charity will improve its reserves position. 

## **Risk Management** 

The Trustees acknowledge that they are responsible for identifying and appropriately managing risks faced by Class 13 in achieving its primary aims. The Trustees have, therefore, assessed the major risks to which Class 13 is exposed, particularly those relating to its specific operational areas and finances. The Trustees believe that, by 

8 

File 1 of 2, Page 8 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

monitoring reserve levels, ensuring that controls exist over key financial systems, and examining the operational risks faced by Class 13, they have established effective systems and procedures to mitigate those risks. 

## **Plans for Future Periods** 

Class 13 has now moved into Phase Two of Transforming Schools into Equitable Spaces, our four-year embedded pilot with Henry Fawcett Primary School and Lilian Baylis Technology School. This is the most intensive phase of the project and will focus on working alongside educators, young people, families, senior leaders and governors to strengthen relationships, deepen participation and embed equity across everyday school life. 

Over the coming period, we will deliver the Equity-Driven Practice Cycle across both schools. Educators will participate in Foundational Learning and receive sustained support from Equity Practitioners through classroom observation, practical assistance, reflective conversations and communities of practice. This approach is intended to give staff the time and support needed to examine established routines, test different approaches and apply the Advancing Equity Framework within their own context. 

Working with senior leaders and governors through tailored learning and reflection sessions, recognising that lasting change cannot depend on the practice of individual educators alone. Alongside this, we will continue developing more democratic approaches to decision-making through the youth-led Rule Change Project. These projects will create structured opportunities for young people and families to identify policies and practices that do not align with Class 13’s principles and to contribute meaningfully to decisions about how they should change. 

Learning and evaluation will remain central throughout Phase Two. We will continue to test and refine the pilot model, gather evidence from across the school communities and document how change develops over time. This learning will inform resources, tools and approaches that other schools and organisations can adapt to their own settings, rather than seeking to reproduce the pilot as a standardised programme. 

To support this work, Class 13 will continue to strengthen its organisational foundations. Our priorities will include securing the remaining funding required for the pilot, developing the skills and stability of the team, strengthening safeguarding practice, and ensuring that our systems, governance and evaluation processes remain proportionate to the growing scale and complexity of our work. 

## **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: 

9 

File 1 of 2, Page 9 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



CLASS 13 CIO 

- 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 material 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 to prevent and detect 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. 

Signed on behalf of the trustees: 



**Dilys Winterkorn – Chair** 

**Sarah Hale – Treasurer** 

Date: 29/06/2026 

10 

File 1 of 2, Page 10 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLASS 13 CIO** 

I report to the trustees on my examination of the financial statements of Class 13 CIO (the charity) for the period ended 31 August 2025. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. 

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. 

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 financial statements to be reached. 


## **Michelle Westbury FCCA** 

West & Berry Limited Nile House Nile Street Brighton BN1 1HW Date: ............................ 29/06/2026 

- 11 - 

File 1 of 2, Page 11 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **(INCLUDING INCOME AND EXPENDITURE ACCOUNT)** 

## _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**Notes**<br>**£**<br>**£**<br>**Income from:**<br>Donations and legacies<br>**3**<br>31,368<br>285,365<br>Charitable activities<br>**4**<br>16,786<br>-<br>**Total income**<br>48,154<br>285,365<br>**Expenditure on:**<br>Raising funds<br>**5**<br>7,151<br>-<br>Charitable activities<br>**6**<br>106,807<br>159,536<br>**Total expenditure**<br>113,958<br>159,536<br>**Net income/(expenditure) and movement in**<br>**funds**<br>(65,804)<br>125,829<br>**Reconciliation of funds:**<br>Fund balances at 1 May 2024<br>73,872<br>-<br>**Fund balances at 31 August 2025**<br>8,068<br>125,829|**Total**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>316,733<br>161,032<br>16,786<br>57,345<br>333,519<br>218,377<br>7,151<br>8,821<br>266,343<br>165,474<br>273,494<br>174,295<br>60,025<br>44,082<br>73,872<br>29,790<br>133,897<br>73,872|**Total**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>316,733<br>161,032<br>16,786<br>57,345<br>333,519<br>218,377<br>7,151<br>8,821<br>266,343<br>165,474<br>273,494<br>174,295<br>60,025<br>44,082<br>73,872<br>29,790<br>133,897<br>73,872|
|---|---|---|
|||218,377|
|||8,821<br>165,474|
|||174,295|
|||44,082<br>29,790|
|||73,872|



The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. 

- 12 - 

File 1 of 2, Page 12 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **BALANCE SHEET** 

## _**AS AT 31 AUGUST 2025**_ 

|**Notes**<br>**Fixed assets**<br>Tangible assets<br>**11**<br>**Current assets**<br>Debtors<br>**12**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within**<br>**one year**<br>**13**<br>**Net current assets**<br>**Total assets less current liabilities**<br>**The funds of the charity**<br>Restricted income funds<br>**15**<br>Unrestricted funds<br>**16**|**2025**<br>**£**<br>7,663<br>127,248<br>134,911<br>(4,371)|**£**<br>3,357<br>130,540<br>133,897<br>125,829<br>8,068<br>133,897|**2024**<br>**£**<br>256<br>69,015<br>69,271<br>(2,572)|**£**<br>7,173<br>66,699|
|---|---|---|---|---|
|||||73,872|
|||||-<br>73,872|
|||||73,872|



|The financial statements were approved by the trustees on .........................<br>29/06/2026|The financial statements were approved by the trustees on .........................<br>29/06/2026|
|---|---|
|..............................|..............................|
|Dilys Winterkorn - Chair|Sarah Hale - Treasurer|
|**Trustee**|**Trustee**|



- 13 - 

File 1 of 2, Page 13 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **1 Accounting policies** 

## **Charity information** 

Class 13 CIO is a Charitable Incorporated Organisation. 

## 1.1 **Reporting period** 

The charity has changed its financial year end from 30 April to 31 August to align with the academic year. The current financial statements are prepared for the 16-month period from 1 May 2024 to 31 August 2025. The comparative figures relate to the 12-month period ended 30 April 2024. Therefore the comparatives are not entirely comparable. 

## **1.2 Basis of preparation** 

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102. 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.3 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.4 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

## **1.5 Income** 

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

- 14 - 

File 1 of 2, Page 14 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **1 Accounting policies** 

**(Continued)** 

## **1.6 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 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 are allocated on the portion of the asset’s use. 

## **1.7 Tangible fixed assets** 

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Fixtures and fittings 25% reducing balance Computers 33% per annum straight line 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 

## **1.8 Impairment of fixed assets** 

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

## **1.9 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.10 Financial instruments** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

- 15 - 

File 1 of 2, Page 15 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **1 Accounting policies** 

**(Continued)** 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 

## **1.11 Employee benefits** 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## **1.12 Retirement benefits** 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

## **2 Critical accounting estimates and judgements** 

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## **3 Income from donations and legacies** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Donations and gifts<br>486<br>-<br>Grants<br>30,882<br>285,365<br>Donated goods and<br>services<br>-<br>-<br>31,368<br>285,365|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>486<br>1,031<br>-<br>316,247<br>158,086<br>-<br>-<br>1,915<br>-<br>316,733<br>161,032<br>-|**Total**<br>**2024**<br>**£**<br>1,031<br>158,086<br>1,915|
|---|---|---|
|||161,032|



- 16 - 

File 1 of 2, Page 16 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **3 Income from donations and legacies** 

**(Continued)** 

## **Other** 

Donated goods, facilities and services represents donations of books used in programme delivery and donated time for session delivery and consultancy fees. 

## **4 Income from charitable activities** 

||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Charitable activities**|||
|Session delivery and consultancy fees|16,786|57,345|



## **5 Expenditure on raising funds** 

||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Fundraising and publicity**|||
|Consultancy|1,400|6,988|
|Staff costs|5,751|1,833|
||7,151|8,821|



- 17 - 

File 1 of 2, Page 17 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **6 Expenditure on charitable activities** 

|**Charitable**<br>**activities**<br>**Charitable**<br>**activities**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**Direct costs**<br>Staff costs<br>130,574<br>30,148<br>Depreciation and impairment<br>4,262<br>3,618<br>Session delivery costs<br>47,189<br>17,901<br>Marketing and comms<br>13,118<br>7,565<br>Software costs<br>22,240<br>5,747<br>Consultancy fees<br>7,033<br>75,112<br>Legal and professional fees<br>-<br>123<br>General administrative costs<br>9,234<br>2,461<br>Premises costs<br>27,869<br>20,720<br>261,519<br>163,395<br>**Share of support and governance costs (see note 7)**<br>Governance<br>4,824<br>2,079<br>266,343<br>165,474<br>**Analysis by fund**<br>Unrestricted funds<br>106,807<br>165,474<br>Restricted funds<br>159,536<br>-<br>266,343<br>165,474<br>Included within premises costs is rent paid under operating leases of £23,788 (2024: £15,584).<br>**Support costs allocated to activities**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>Governance costs<br>4,824<br>2,079<br>**Analysed between:**<br>Charitable activities<br>4,824<br>2,079<br>**2025**<br>**2024**<br>**Governance costs comprise:**<br>**£**<br>**£**<br>Accountancy<br>3,624<br>1,729<br>Independent examination fees<br>1,200<br>350<br>4,824<br>2,079|**Charitable**<br>**activities**<br>**Charitable**<br>**activities**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>**Direct costs**<br>Staff costs<br>130,574<br>30,148<br>Depreciation and impairment<br>4,262<br>3,618<br>Session delivery costs<br>47,189<br>17,901<br>Marketing and comms<br>13,118<br>7,565<br>Software costs<br>22,240<br>5,747<br>Consultancy fees<br>7,033<br>75,112<br>Legal and professional fees<br>-<br>123<br>General administrative costs<br>9,234<br>2,461<br>Premises costs<br>27,869<br>20,720<br>261,519<br>163,395<br>**Share of support and governance costs (see note 7)**<br>Governance<br>4,824<br>2,079<br>266,343<br>165,474<br>**Analysis by fund**<br>Unrestricted funds<br>106,807<br>165,474<br>Restricted funds<br>159,536<br>-<br>266,343<br>165,474<br>Included within premises costs is rent paid under operating leases of £23,788 (2024: £15,584).<br>**Support costs allocated to activities**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>Governance costs<br>4,824<br>2,079<br>**Analysed between:**<br>Charitable activities<br>4,824<br>2,079<br>**2025**<br>**2024**<br>**Governance costs comprise:**<br>**£**<br>**£**<br>Accountancy<br>3,624<br>1,729<br>Independent examination fees<br>1,200<br>350<br>4,824<br>2,079|
|---|---|
|Included within premises costs is rent paid under operating leases of £23,788 (2024: £15,584).||
|**Support costs allocated to activities**<br>Governance costs<br>**Analysed between:**<br>Charitable activities<br>**Governance costs comprise:**<br>Accountancy<br>Independent examination fees|**2025**<br>**£**<br>4,824<br>4,824<br>**2025**<br>**£**<br>3,624<br>1,200<br>4,824|



## **7 Support costs allocated to activities** 

- 18 - 

File 1 of 2, Page 18 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **8 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period. 

## **9 Employees** 

The average monthly number of employees during the period was: 

|**Employment costs**<br>Wages and salaries<br>Social security costs<br>Other pension costs|**2025**<br>**Number**<br>2<br>**2025**<br>**£**<br>129,378<br>6,138<br>809<br>136,325|**2024**<br>**Number**<br>2|
|---|---|---|
|||**2024**<br>**£**<br>31,981<br>-<br>-|
|||31,981|



Key management personnel comprise the trustees and the CEO. The total key management personnel remuneration in the 18 month period was £82,155 (2024: 12 month period £48,613). 

There were no employees whose annual remuneration was more than £60,000. 

## **10 Taxation** 

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 

- 19 - 

File 1 of 2, Page 19 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

|**11**<br>**Tangible fixed assets**<br>**Fixtures and**<br>**fittings**<br>**Computers**<br>**£**<br>**£**<br>**Cost**<br>At 1 May 2024<br>5,626<br>6,639<br>Additions<br>140<br>307<br>At 31 August 2025<br>5,766<br>6,946<br>**Depreciation and impairment**<br>At 1 May 2024<br>1,407<br>3,685<br>Depreciation charged in the period<br>1,442<br>2,821<br>At 31 August 2025<br>2,849<br>6,506<br>**Carrying amount**<br>At 31 August 2025<br>2,917<br>440<br>At 30 April 2024<br>4,219<br>2,954<br>**12**<br>**Debtors**<br>**2025**<br>**Amounts falling due within one year:**<br>**£**<br>Other debtors<br>7,663<br>**13**<br>**Creditors: amounts falling due within one year**<br>**2025**<br>**£**<br>Other taxation and social security<br>1,215<br>Other creditors<br>156<br>Accruals and deferred income<br>3,000<br>4,371<br>**14**<br>**Retirement benefit schemes**<br>**2025**<br>**Defined contribution schemes**<br>**£**<br>Charge to profit or loss in respect of defined contribution schemes<br>809|**Total**<br>**£**<br>12,265<br>447|
|---|---|
||12,712|
||5,092<br>4,263|
||9,355|
||3,357|
||7,173|
||**2024**<br>**£**<br>256|
||**2024**<br>**£**<br>1,215<br>147<br>1,210|
||2,572|
||**2024**<br>**£**<br>-|



The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 

- 20 - 

File 1 of 2, Page 20 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

## **15 Restricted funds** 

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. 

||**At 1 May 2024**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
|||**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|Embedded Pilot|-|270,690|(154,247)|116,443|
|Safeguarding training and CPD|-|12,175|(4,658)|7,517|
|Staff wellbeing|-|2,000|(631)|1,369|
|Subsidy for Foundational Learning|-|500|-|500|
||-|285,365|(159,536)|125,829|



## **16 Unrestricted funds** 

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. 

||**At 1 May 2024**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
|||**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|General funds|73,872|48,154|(113,958)|8,068|
|**Previous year:**|**At 1 May 2023**|**Incoming**|**Resources**|**At 30 April**|
|||**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|29,790|218,377|(174,295)|73,872|
|**Analysis of net assets between funds**|||||
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2025**|**2025**|**2025**|
|||**£**|**£**|**£**|
|**At 31 August 2025:**|||||
|Tangible assets||3,357|-|3,357|
|Current assets/(liabilities)||4,711|125,829|130,540|
|||8,068|125,829|133,897|



## **17 Analysis of net assets between funds** 

- 21 - 

File 1 of 2, Page 21 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC) 



## **CLASS 13 CIO** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 AUGUST 2025**_ 

|**17**|**Analysis of net assets between funds**|||**(Continued)**|
|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
||**At 30 April 2024:**||||
||Tangible assets|7,173|-|7,173|
||Current assets/(liabilities)|66,699|-|66,699|
|||73,872|-|73,872|



## **18 Related party transactions** 

There were no disclosable related party transactions during the period (2024 - none). 

- 22 - 

File 1 of 2, Page 22 of 22. Encyro E-Sign ID: Li-GXZlNFBEcoEq4 (2026-Jun-29 12:57:48 UTC)