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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'<br>Report|||2-11|
|Independent<br>Auditors'|Report|on the Financial Statements|12-14|
|Statement of Financial|Activities||15|
|Balance Sheet|||16|
|Statement ofCash Flows|||17|
|Notes to the Financial|Statements||18-28|





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|Trustees||Thomas Attwood|Thomas Attwood||||||
|---|---|---|---|---|---|---|---|---|
|||Comelius Becker||(resigned||29 September||2022)|
|||Juan Antonio Campos|||Benitez (appointed|||28 September 2022)|
|||Robert Joseph Citrino|||IV (appointed||28 September 2022)||
|||Sir Kevan Collins|||||||
|||Richard Donner|||||||
|||Richard Eamshaw|||||||
|||Caroline<br>Lofgren|||||||
|||Anna Martina Sanow|||||||
|||Gero Wittemann||(resigned||18October 2022)|||
|||Genyi Zhao (appointed|||28|September|2022)||
|Charity registered|||||||||
|number||1189216|||||||
|Principal office||2 More London Riverside|||||||
|||London|||||||
|||SE1 2AP|||||||
|Chief executive officer||JTurner (since September||||2022)|||
|Independent|auditors|RPG Crouch Chapman|||LLP||||
|||14-16Dowgate|Hill||||||
|||London|||||||
|||EC4R 2SU|||||||
|Bankers||RBS International|||||||
|||7th Floor|||||||
|||1 Princes Street|||||||
|||London|||||||
|||EC2R 8BP|||||||
|||NatW est|||||||
|||10Southwark<br>Street|||||||
|||London|||||||
|||SE1 1TJ|||||||
|Solicitors||Charles Russell|Speechlys|||LLP|||
|||5 Fleet Place|||||||
|||London|||||||
|||EC4M 7RD|||||||
|||Shoosmiths<br>LLP|||||||
|||The XYZ Building|||||||
|||2 Hardman<br>Boulevard|||||||
|||Manchester|||||||
|||M3 3AZ|||||||
|Tax and Legal||Deloitte LLP|||||||
|||Abbotts House|||||||
|||Abbey Street|||||||
|||Reading|||||||
|||RG1 3BD|||||||





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|||||||As restated|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2022|2022|2021|
||||Note|6||6|
|Income from:|||||||
|Donations<br>and|legacies||4|1,474,090|1,474,090|4,576,315|
|Total income||||1,474,090|1,474,090|4,576,315|
|Expenditure<br>on:|||||||
|Charitable<br>activities|||6|2,231,673|2,231,673|664,971|
|Total expenditure||||2,231,673|2,231,673|664,971|
|Net movement|in funds|||(757,583)|(757,583)|3,911,344|
|Reconciliation|offunds:||||||
|Total funds brought||forward||3,911,344|3,911,344||
|Net movement|in funds|||(757,583)|(757,583)|3,911,344|
|Total funds carried forward||||3,153,761|3,153,761|3,911,344|





## 

|||Note||2022<br>E||2021f|
|---|---|---|---|---|---|---|
|Current assets|||||||
|Debtors||10|778,660||735,355||
|Cash at bank and|in hand|15|2,927,682||3,384,021||
||||3,706,342||4,119,376||
|Creditors: amounts|falling due within one||||||
|year||11|(552,581)||(208,032)||
|Net current assets||||3,153,761||3,911,344|
|Total net assets||||3,153,761||3,911,344|
|Charity funds|||||||
|Restricted funds||12|||||
|Unrestricted<br>funds||12||3,153,761||3,911,344|
|Total funds||||3,153,761||3,911,344|



## 



## 

|STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||||
|---|---|---|---|---|
|FOR THE YEAR ENDED 31 MARCH 2022|||||
||||2022|2021|
||||E|E|
|Cash flows from operating|activities||||
|Net cash used in operating|activities||(456,339)|3,384,021|
|Cash flows from investing|activities||||
|Net cash provided<br>by investing<br>activities|||||
|Cash flows from financing|activities||||
|Net cash provided<br>by financing<br>activities|||||
|Change<br>in cash and cash|equivalents<br>in|the year|(456,339)|3,384,021|
|Cash and cash equivalents|at the beginning|ofthe year|3,384,021||
|Cash and cash equivalents|at the end of|the year|2,927,682|3,384,021|
|The notes on pages 18to 28 form part ofthese financial statements|||||





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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022<br>f|2022<br>f|
||Donations||1,474,090|1,474,090|
||||Unrestricted|Total|
||||funds|funds|
||||2021f|2021f|
||Donations||4,576,315|4,576,315|
|5.|Analysis ofgrants||||
||||Grants to|Total|
||||Institutions|funds|
||||2022f|2022f|
||Grants for educational|projects|2,213,839|2,213,839|
||||Grants to|Total|
||||instituti ons|funds|
||||2021f|2021|
||Grants for educational|projects|646,186|646,186|





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
|Analysis<br>ofgrants made|||||||||
|The Online Tutoring<br>Pilot|—Impetus|||||||50,000|
|Imperial<br>College London:|A-Level||Further|mA*ths Online Programme|||290,000|270,217|
|Generation<br>Plus: Ton Emploi|||||||368,043||
|Technical<br>University<br>of Munich||(TUM); MINT-Impulse|||an der|Schule|262,662||
|Merit America; Data and|Evaluation||Program||||209,977||
|upReach<br>Tech 500|||||||655,648||
|Education<br>Policy Institute|||||||25,200||
|The Tutor Trust —Hybrid|Tutoring||Pilot|||||100,000|
|Laptop Donations|||||||3,806|16,242|
|SEO Sponsors for Educational||Opportunity||—Tech Developer||Programme|409,072|113,880|
|Charity Committee —Impetus||||||||15,000|
|Other|||||||(10,569)|80,847|
||||||||2,213,839|646,186|



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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||6||
|Grants for educational||projects|2,213,839|2,213,839|
|Administration|ofthe|charity|17,834|17,834|
||||2,231,673|2,231,673|
||||Unrestricted|Total|
||||funds|funds|
||||2021<br>6|2021f|
|Grants for educational||projects|646,186|646,186|
|Administration|ofthe|charity|18,785|18,785|
||||664,971|664,971|





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|||Grant|||
|---|---|---|---|---|
|||funding<br>of|Support|Total|
|||activities|costs|funds|
|||2022|2022|2022|
|||||6|
|Educational|projects|2,213,839||2,213,839|
|Administration|ofthe charity||17,834|17,834|
|||2,213,839|17,834|2,231,673|
|||Grant|||
|||funding ol|Support|Total|
|||activities|costs|funds|
|||2021|2021|2021|
|||6|6|6|
|Educational|Projects|646,186||646,186|
|Administration|ofthe charity||18,785|18,785|
|||646,186|18,785|664,971|



## 

||Total|Total|
|---|---|---|
||funds|funds|
||2022|2021|
||F|6|
|Audit Fees|10,620|10,200|
|Bank charges|314|249|
|Events|2,604||
|General admin|1,160||
|Insurance|554||
|Legal Fees|2,582|8,218|
|Other Costs||76|
|Subscriptions||42|
||17,834|18,785|





## 

|8.|Auditors'|remuneration|remuneration|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||E|
||Fees payable||to the Charity's|auditor for the audit ofthe Charity's|annual|||
||accounts|||||10,620|I0,200|



## 

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||||2022|2021|
|---|---|---|---|---|
||||E|E|
||Due within one year||||
||Prepayments<br>and accrued income||778,660|735,355|
||||778,660|735,355|
|11.|Creditors: Amounts|falling due within one year|||
||||2022|2021|
||||6|E|
||Accruals and deferred|income|552,581|208,032|





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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|31 March|
|||April 2021|Income|Expenditure|in/(out)|2022|
||||E|F|E||
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|SEO Sponsors for Educational|||||||
|Opportunity<br>—Tech|Developer||||||
|Programme||1,111,890||(409,072)|(702,818)||
|Imperial<br>College London: A-|||||||
|Level Further<br>mA"ths Online|||||||
|Programme||569,783||(290,000)|(279,783)||
|||1,681,673||(699,072)|(982,601)||
|General funds|||||||
|General<br>Funds - a0|funds|2,229,671|1,474,090|(1,532,601)|982,601|3,153,761|
|Total Unrestricted|funds|3,911,344|1,474,090|(2,231,673)||3,153,761|





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|Statement offunds|- prior ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||||Transfers|31March|
||||income|Expenditure|in/(out)<br>f|2021<br>6|
|Unrestricted<br>funds|||||||
|Designated<br>funds|||||||
|SEO Sponsors for Educational||Opportunity—|||||
|Tech Developer<br>Programme|||||1,111,890|1,111,890|
|Imperial<br>College London: A-Level Further|||||||
|mA"ths Online Programme|||||569,783|569,783|
||||||1,681,673|1,681,673|
|General funds|||||||
|General<br>Funds|||4,576,315|(664,971)|(1,681,673)|2,229,671|
|Tota I Unrestricted|funds||4,576,315|(664,971)||3,911,344|





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||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2022|
|||||||E|
|Current|assets||||3,706,342|3,706,342|
|Creditors|due|within|one|year|(552,581)|(552,581)|
|Total|||||3,153,761|3,153,761|



## 

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|Analysis|of n|et ass|ets|between funds - prior year|||
|---|---|---|---|---|---|---|
||||||I/nrestncted|Tote/|
||||||funds|funds|
||||||2021<br>6|2021f|
|Current|assets||||4,119,376|4,119,376|
|Creditors|due|within|one|year|(208,032)|(208,032)|
|Total|||||3,911,344|3,911,344|



## 

|||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||5|
|Net<br>income/expenditure||||for|the|year|(as||per|Statement|of Financial|||
|Activities)||||||||||||(757,583)|3,911,344|
|Adjustments||for:||||||||||||
|Increase|in|debtors||||||||||(43,304)|(735,355)|
|Increase|in|creditors||||||||||344,549|208,032|
|Net cash|provided||by/(used||in) operating|||activities||||(456,338)|3,384,021|





## 

## 

|Cash|in hand|
|---|---|
|Total|cash and cash equivalents|



|2022<br>F|2021<br>f|
|---|---|
|2,927,682|3,384,021|
|2,927,682|3,384,021|



## 

|At 1 April||At 31 March|
|---|---|---|
|f<br>2021|Cash flows<br>f|2022<br>f|
|3,384,021|(456,339)|2,927,682|
|3,384,021|(456,339)|2,927,682|



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