Annual Accounts
Charity Number: 1198026
withinsightedu.org
Breaking barriers, unleashing potential
At With Insight Education, we are dedicated to creating a future where Black-heritage students have the opportunities, confidence, and support to succeed—because talent is everywhere, but opportunity is not.
We know that representation matters, and we are committed to breaking down the perceptual and structural barriers that hold talented young people back. Every student we support is another step towards a society that truly reflects the talent, ambition, and potential within it.
Our year in numbers
EMPLOYEE BENEFITS
93%
STUDENT OUTCOMES
87%
employee mentors report that being a mentor improved their professional development
of mentees secure offers to top universities
86%
80%
of our Insight2Uni mentees feel more comfortable about going to a top university
reported being more engaged with their company’s EDI strategy
95%
of student mentors said our programmes improved their employability skills.
"The programme greatly improved my confidence and I now feel more prepared to enter the world of work.”
80%
felt able to be a more inclusive employee
- Alison, Elevate mentee
Students
351
Mentors
114
Free School 1st generation to Meals go to university 38% 66%
REGISTERED CHARITY NUM8ER: 1198026 Wlth Inslght Educatlon Report of the Trustegs and Unaudlted Flnanclal Statements for thè Yoar Endod 31st August 2024
Wlth Inslght Educatlon Contents of the Flnan¢lal Statement$ for the Yèar Endod 31st August 2024 Page R•port of thè Trustots Ind•p8nd•nt Examln•rfs Report Statoment of Flnanclal Actlvltles ststement ol FlnancSal Posltlon Not68 to tho Flnanclal Statem•nts 7 10 13
Wlth Inslght Educatlon Report of the Trustees for the Yoar Ended 3181 August 2024 The Iruslees Pfesenl their report with the financial statements of the charity for the year ended 31st August 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their aceounls in aceordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. ObJectSves and actlvltles Objectives and aims With Insight Education exists lo advance the educational outcomes of black-heritage pupils so that society is an accurate reflection of the lalenl available. We provide highly slruclured mentoring pro9rammes, insight days and skill development opportunities that support students lo gain the confidence, knowledge and soft skills lo secure a brighter future. A future with greater opportunities for social mobility. We are determined to remove the perceptual and structural barriers that our students lace and believe that ¢realing opportunities for purposeful interactions with lop universities and leading organisalions is fundamental lo this. Our progamrne• Our programmes are designed lo enhan students, ¢onfiden¢e, to enable them lo make informed decisions by providin9 them with high quality guidance and to equip them with the skills to succeed. In response lo the changing needs of our $ludenl$ and their schools, we expanded our programme portfollo lo offer.. ht2Uni A >month long programme that supports high potential Year 12 pupils lo navigatè a path lo a leading university. - An intensive lerm-long programme that equips Years 9-10 pupils with an understsnding of how to work towards an aspiralional university future. EILal2 GLLer menlorin - The opportunity for sixth fom pupils to broaden their horizons about the world of work and develop the ton$ferable skills that employers $eek. Career Insi s - An invaluable way for students lo gain a snapshot view of an organisation. inteTacl with an array of staff and learn firsthand how to construct successful applications. Public bgnefit It is confirmed that the Trustees have had regard lo the Charity Commission's guidance on public benefit and the only objects for which the Charity was established are for the public benelit. Our approach Everything that we do is guided by our values.. Lrfe chan In g-11 is crucial to us that we make a difference, so we are unapologetically focused on targeting our Iransformalional programmes at black-herilage students. Barrier buslin - We are determined to remove the perceptual and slruclural barriers that black-heritage Students face, This focus shapes our programme offering. Credible - We are passionate about research and evaluation and enthusiastically embrace insights that will help us to improve our offering. Nurturin - We care deeply about the many relationships that we hold. We Ireal everyone with respect, consideration and strive to make every interaction feel personable.
Wlth Inslght Educatlon Report of the Trustees for the Yoar Ended 3181 August 2024 Achievement and performance Reflections on the year Our mentoring programmes remain primarily online, giving its participants greater lime and geographical Ilexibility. However, it was lovely lo be able lo Incorporate more face lo face inleraclions into our work. Students relumed to in person launch events and we were able lo corne together to celebrate programme graduations. One of the longer-lerm goals of With Insight Education is the creation of a vibrant alumni community. Work on that started this year with the addition of a Community Engagement Manager lo the team. Over the year, we hosted hvo in person events bringing together students and professionals to network and continue their learning journey. Once again, the social impact of our work was proven. We maintained our average of 87./0 of our Insight2Uni mentees securing offers from lop universities. Importantly, the highest percentage ever, 800/ts, reported feeling more comfortable to go to a lop university- 960A of our Elevate Career Mentoring programme reported a growth in their Communication skill$ and 100% finished the programme with an improved understanding of the world of work. Amongst our younger beneficiaries, 100010 reported an improved understanding of the options available lo them after their GCSES and all ol them fell better prepared lo study effectively. The proportion of students on Free School Meals averaged 380/y across our programmes. This compares lo a national average of 24¢A, evidencing the intersection beeen race and SOCIeConOMiC challenge that our students face. The market conditions in which we operated were more challenging than we previously experienced. Clients were more cautious about spend and there was a growing resistance to Equality, Diversity and Inclusion in general discourse. Nevertheless, we kn¢)W that our work continues lo be needed and will continue lo strive to bènèfit as many young people as possible. FlnancSal rovlow Flnanclal posltlon As part of our five-year strategy, there was a greater investment in the delivery team which caused an uplift in costs. However, despite challenging conditions, we increased earned and charitable income in 2023-24 with the result being a positive oullum to the year. Resgrvgs policy The reserve policy of the charity is to maintain available fvnds above a level equal to three months of overheads. with cash flow forecasts being monitored regularly. If within three months the available funds are due lo fall below this safe level, an extraordinary meeting of the Trustees will be called to decide if any immediate aelions are quIred. The charity has no investments or tangible fixed assets. Futurg pl•ns The Iruslees plan lo continue providing the ¢urrenl mentoring programme$ and ¢onlinue with their aim of securing the necessary funding lo do so. Structure, governance and management Govorning document The charity Is controlled by its goveming document and a deed of Irusl. Charity constitution With Insight Education is a Charitable Incorporated Oryanisats'on that incorporated on the 23rd February 2022. Prior to this dale, the organisalion ran as a Community Interest Company. The charity was established under the Constilub'on of a Charitable Incorporated Organisalion with voting members other than ils charity trustees.
Wlth Inslght Educatlon Report of the Trustees for the Yoar Ended 3181 August 2024 Structure, governance and management Recruitmont and appointment of new trustoes Trustees are recruited in an open recruilmenl process. The specification of the Trustee position is guided by the outcome of a skills audit carried out by the Board. As part ol their safer recruitment process, the Board ensures that Trustees have an enhanced DBS check. They also undergo safeguarding training. Induction and training of now trustegs Trustees are Invited to see our programme delivery in action and gel involved in specific pieces of work depending on their interests and expertise. All Trustees give their time voluntarily and receive no benefits from the charity. There are four meetings per year, each of which have a sel agenda that involves, bul is not limited lo, reviewing the charity's aclivilies, its finances, policies, receivin9 a safeguarding update and discussing strategic matters. Risks and mitigating action5 are also considered. Reference and admln18tratlve detalls Roglstergd Charlty numbgr 1198028 Prln¢lp•l •ddre8• 124 City Road London EC1V2NX Trustoei Miss P Gajjar Ms E Bremner Mr A Melville Ms H Drummond Mr O Onyido Mr K A Griffith lappoinled 28110120241 Ms T P Lucas Apea lappoinled 1912120241 Dr M Haywood lappoinled 1212120241 Mrs A Rodrigues Amorim Ade lappoinled 28110120241 Independont ExamSnor David Hatchard BA FCA Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD Approved by order of the board of Iruslees on ..llthpXk>.4IX9ry.I......... and signed on ils behalf by.. Or M Haywood - Trustee
Independent Examinerfs Report to the Trustees of With Insight Education Independent examinerfs report to the trustees of With Insight Education I report to the charity trustees on my examination of the accounts of With Insight Edu¢ation Ilhe Trustl for the year ended 31 st August 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Indèpendent examlnerfs 8tat8m8nt I have completed my examination. I confirm that no material mallers have come lo my attention in connectson with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Tfust 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 sel out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this ieport in order lo enable a proper understanding of the accounts lo be reached. David Halchard BA FCA Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD Dale. 19111512025
Wlth Inslght Educatlon Statement of Flnanclal Actlvltles for the Yoar Ended 3181 August 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Income and endowmonts from Donations and legacies 148.242 19,808 168,050 156,308 Expondlturfr on Raisin9 fvnds 84,527 84,527 69, 734 Charitable aetlvltles Advertising Support costs Governance costs 5.295 69.026 2,494 5,295 69,026 2,494 3,526 47,217 2,623 Other 193 Total 161,483 161,483 123,287 NET INCOMEIIEXPENDITUREI 113,241) 19,808 6,567 33,021 Reconclllatlon of funds Total funds brought foTrYard 110.628 110,628 77,607 Total fund8 carrS•d forward 97.387 19,808 117,195 110, 628 The notes form part of these financial ststemenls
Wlth Inslght Educatlon Statement of Flnancial Posltlon 31st August 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Fixed assets Tangible assets 10 425 425 566 Current assets Debtors Cash al bank 11 275 99.642 275 119.450 22,599 90,253 19.808 99.917 19.808 119.725 112,852 Crodltor8 Amounts falling due within one yèar 12 12,955} 12,9551 (2, 790) Net Current a8set8 96,962 19,808 116,770 110,062 Total assots1o88 current Ilabllltles 97,387 19,808 117,196 7 10,628 NET ASSETS 97.387 19.808 117.196 110,628 Funds Unreslricled funds Reslricled funds 13 97,387 19,808 110,628 Total funds 117.195 110,628 The financial statements were approved by the Board of Trustees and aulhorised for issue on MoTh18y. 20th !8nuary.2025 and were signed on ils behalf by.. Dr M Haywood - Trustee The notes form part of these financial ststemenls
Wlth Inslght Educatlon Notes to the Flnanclal Statement$ for the Yoar Ended 3181 August 2024 Company Infomiatlon With Insight is a Charitsble Incorporated Organisation, registered in England and Wales. The charity's registered number and registered office address can be found on the Company Information page. Accountlng pollcles Basis of preparlng tho flnanclal statomonts The financial slalements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convention. Income All income is recognised in the Slalement of Financial Activities once the charity has entitlement lo the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have been allocated to activities on a basis consislenl with the use of resources. Tanglblo flxgd assets Depreciation is provided al the following annual rates in order to write off each asset over its estimated useful life. Computer equipment 25% reducing balance Taxatlon The ¢harity 1$ exempl from tax on 11$ ¢harilable activities. Fund accounting Unreslricled funds can be used in acwrdance with the charitable objectives at the discretion of the Iruslees. Reslricled funds can only bè used for particular restricted purposes within the objects of the charity. Reslri¢lion$ arise when specified by the donor or when funds are raised for particular re$lri¢led purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the finan¢ial stalemenls. Hire purchasg and leasing commitments Rentals paid under operating leases are charged lo the Statement of Financial Activities on a straight line basis over the period of the lease. Penslon costs and othor post-retlrement bengflts The charity operates a defined contribution pension scheme. Contributions payable lo the charity's pen5i0n scheme are charged to the Statement of Financial A¢tivilies in the period to which they relate.
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 Raising funds Ralslng donatlons and legacles 2024 2023 Staff costs Programme delivery costs 78,504 6.023 67,908 7,826 84,527 69, T34 Ch•rltsble a¢tlvltles costs Support costs Isee note 51 Dlrect Costs Totals Advertising Support costs Governance costs 5.295 5.295 69,026 2,494 69,026 2,494 5,295 71,520 76,815 Support costs Governance eo3ts Managomont Othor Totals Other resources expended Support costs Governance costs 89,028 69.026 2,494 2,494 69,026 141 2,494 71,661 Support costs, in¢luded in the above, are as follows.. 2024 2023 Othof re80urce8 gxpgndgd Support osts Governancg costs Total actlvities Total activitles Wages Social security Pensions Rent Insurance Telephone Sundries Courses and training Travelling Computer costs Bank charges Depreciation of tangible fixed assets Auditors, remuneration for non audit work 51,075 51.075 1,171 650 4.682 1,448 514 653 871 5.827 2,135 22.904 631 542 4,569 1,407 329 156 8,475 3,238 4,960 650 4,682 1,448 514 653 871 5,827 2,135 189 420 420 490 Carried forward 141 69,026 420 69.587 47,894
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 Support costs- contlnued 2024 2023 Other rosources expended Support costs Governance costs Total activitie8 Total activities Brought fonN8rd Legal and profesisonal fees Accountancy fees 141 69,026 420 69,587 47,894 574 1,500 574 1,500 33 2,100 141 69,026 2,494 71,661 50,027 Audltors, remuneratlon 2024 2023 Other assurance services 420 490 Trustoe8' remuneratSon and beneflts There were no Iruslees, rernunèralion or other benefits for thé year ended 31st August 2024 nor for the year ended 31$1 August 2023. Trustees. expen8•8 There were no trustee5' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023. Stsff ¢o$t8 2024 2023 Wages and salaries Social security costs Other pension costs 124.620 4,360 2,420 8T,5Q3 2,410 2,072 131,400 91,985 The average monthly number of employees during the year was as follows.. 2024 2023 Staff No employees received emoluments in excèss of £60,000.
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 Comparatlves lor the statement of flnanclal actlvltlos Unrestricted Restricted fund fund Total funds Income and endowment$ from Donations and legacies 156,308 156,308 Expenditure on Raising funds 69,734 69.734 Charltable aetlvltles Advertising Support costs Governance costs 3.526 47,211 2,623 3,526 47.211 2,623 Other 193 193 Totsl 123,287 123,287 NET INCOME 33,021 33.021 Reconciliation of funds Total funds brought forward 77,607 77.607 Total fund• carrS•d forward 110,628 110.628 10. Tanglble flxed assets Computer •qulpmgnt Cost Al 1 sl September 2023 and 31 sl August 2024 1,006 D•pr•ciatlon Al 1st September 2023 Charge for year 440 141 Al 3151 August 2024 581 Net book value At 31st August 2024 425 Al 31 sl August 2023 566 -10-
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 11. Debtors.. amounts falllng due wbthln one year 2024 2023 Trade debtors 275 22,599 12. Crodltors: amounts falllng due wlthln on6 year 2024 2023 Taxation and social security Other creditors (165) 2,955 2,955 2.955 2, 790 13. Movement In funds Net movement in funds At 3118124 At 119123 UnroStrl¢ted fund8 General fund 110,628 113,241) 97,387 Restrlct•d funds Restricted funds 19,808 19,808 TOTAL FUNDS 110.628 8,587 117,195 Nel movement in fvnds, included in the above are as follows.. Incornlng relources Resourc Movement expended In funds Unrestricted fund• General fund 148.242 1161,483) 113,2411 Restricted funds Restricted funds 19.808 19,808 TOTAL FUNDS 168,050 1161,483) 6,567 Comparallves for movement In funds Net movement In funds At 3118123 At 119122 Unrestricted funds General fund 77,607 33,021 110,828 TOTAL FUNDS 77,607 33,021 110,628
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 13. Movement in funds - continued Comparative nel movement in funds, included in the above are as follows.. Incomlng fosources Resources Movement expended In funds Unrestrlcted funds General fund 156,308 1123,2871 33,021 TOTAL FUNDS 156,308 1123,287) 33,021 A current year 12 months and prior year 12 months combined position is as follows.. Ngt movement In funds At 3118124 At 119122 Unrestrlctod fund8 General fund 77,607 19,780 97,387 Rostrlctod funds Reslricled funds 19,808 19,808 TOTAL FUNDS 77.607 39,588 117,195 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incomlng r•sourcg$ Resources Movement gxpondod in funds Unrestrlcted funds General fund 304,550 1284,770) 19,780 Re8trlct8d funds Reslricled funds 19,808 19,808 TOTAL FUNDS 324,358 1284,7701 39,588 -12-
Wlth Inslght Educatlon Notes to the Flnanclal Statements - contlnued for tho Year Ended 31st August 2024 14. Related party dlsclosures There were no related party transactions for the year ended 31 st August 2024. -13-