Royal Charter Roglstratlon number.. RC0001TI
Charity numb&r: 273136
ENGLISH-
SPEAKING
UNION
THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ￿RCH 2024

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
CONTENTS
Page
Refer•n¢g and •dmlnlstr•tlve d•talls of tho Charfty, Its Trust••s and advi6•rd
Chalrfs statom8nt
Trustoas. roport
Indepgndent audllor8' report on the flnanclal 8tatements
onsolldated statement of flnanclal acllvttleg
4-11
12-15
18-17
Consolldated balance sheet
18-19
Charlty balanc• sheet
Consolldatsd statsment of caGh flows
20-21
22
Not08 to the flnanclal 8tatsm8nts
23-45

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Tf* English-Spe8klng Unlon was founded in 1918 as an unincorporated association. The assooalion was
incorporated In 1922 under the Compani85 Act as 8 company I'mrted by guarantee and wlhout share capital.
The ESU wa$ inwiporated by the Royal Charter in 1957.
Board of Trus¢o96
Mi185 YouTrJ. Ch8ir lapp)inted 1 June 20231
Rebecca Pr99n, D8puty Chair (appointed 8 December 2023}
Rocttard Humphreys, Deputy Chair
Nick Archer lappointed 6 December 2023>
Rebècca Darko (appointed 6 December 2023, resigned 28 June 2024)
David Halchett (appointed 6 De¢emter 20231
Ed Humbert lappointed 6 December 20231
Simon Kearey (appointed 6 December 20231
Francesca King lappolnted 6 09cgmb8r 2023
Laurence Mulkin
Simon Orme, Treasurer (appointed 8 De¢ember 2023)
Stephen Purcell
Jan8 S8tter lapF)ointed 6 December 20231
Sophia Taylor lappolnled 6 December 2023)
Batbara Firth Ilo 6 December 20231
Sarah Hawkins (to 6 DeCeM￿r 2023)
Philip Maunder (to 6 December 20231
Danny Preiskel Ilo 6 December 20231
Profassor James Raven (to 6 December 20231
Sarah Hardlng Ilo 6 December 2023)
Madeleine Milne (to 12 September 20231
David Shaw OBE Ito 6 December 20231
Royal Charter rgglstgrgd
number
RC000177
Charlty reglstered
number
273138
Patron
Her Late Majesty Quoen Elvzab8th 11
Presldent
HRH The Prince88 Royal KG I￿ GCVO
VIGe-Prg¥ld•nts
The Lord Watson of Ri¢hm¢)nd CBE
Mr Guy Weston
Senlor Leadershlp Team
Dlrector-General
Charfes ByTne CBE {appointed on 18 March 2024)
Jane Easton (tr) 31103120241
Dlfeclors
Nath8n Strong- Director of Strategy & Governance
Annabel McGregor- Director of EducaUon (un￿1 23 January 20241
Gabriella Tamas- DireGtor of Finance & Corporate Services
Consola Evans- Director of Glob81 Engagement
Neeta Patel- Head of Human Resource8
8oard Secrolary
Nathan Strong
Pag8 1

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Banker*
Coutts & Co
440 The Strand
London
WC2 OQS
Citibank N.Y
Citibank
PO Box 6201
Sioux Fallg
SD 57117-6201
USA
Legal adv550
Russell Cc*)ke LLP
2 Putney Hill
London
SW15 6AB
Hogan Lovdls Intemational LLP
Allanttc House
Holborn Viaduct
London
EC1A 2FG
Invostmont Managor
Sarasin & Partn8rs LLP
100 Sl Paul's Churchyard
London
WC4M 8BU
Audmor
WR Partners
Belmont House
Shrewsbury Business Park
Shrewsbury
SY2 6LG
Page 2

THE eNOUSH4PEAKllh3 UNION OF THE CCWAoifiiEALTH
CHAIR% 8TATEMENr
FOR THE YEAR ENDED ¥1 IA4RCH 2024
W•kom*to thoAThyJql R¢ptyt &A¢crA￿ fortho ￿#￿Sp••k￿Y Unkn ff6U) 1¢Y21)2￿4.
Fird •1 The InstthTh W• ¢ell￿d Disethv Your Vok• *vk•hop• lo o¥•r 1.¢￿ yowN pec910.
de109•t￿ Irr*n araos$ th• tog•ttw lo th• EW deliw4r
Th¥nk Y￿ to •1 ¢)ur$upp￿16rn fofthelruwdrvJ to lh• l•wn fr¢lh*d•rfthth W• l¢Jak fonvardto
l •m dellJhl•dth•tCWu B>Th•￿th0 ESU In Mvch 202441 Dr•*th•MI.
Mll•• Young
cth￿1
111rfl￿L+
Pag• J
Sea￿d wlth
ac•mS￿￿n•r-.

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Board of Trustees present thelr annu81 report Incorporallng Ihe audited financial statements for the year
ended 31st March 2024, together wth an update on current p18ns and achievements.
Ourmlsslon
The ESU believes every child $￿Uld be able to make their vtsiee heard. We belleve that the ability to prcgiess
and to thrive In lrfe relles on oracy- speaking and listening - skills. whi¢h are not ¢urrenlty a prominenl part of
the school curriculum. Our debate, publlc speaklng and ojltural exchange programmes help young pgopla lo
engage ￿th the world. to speak more confidently and lo listen to and understand different points of view. These
skills improv9 young pecple's attainment. emotional intelligence and ￿￿181 skills, helping them to live their lives
to the lulle$L
About U8
We work wth young peoF4e and Iheir tsa¢her5 to improve oracy skills and cross<ultural understanding, induding
in areas of disadvantage. We run fvn, game$-led debate and publlc speaking currfcula and workshops whieh
encourage stut1ents to diwJss a wide range of topical issues wlh an open mind. We gulde schools on using
oracy in the classroom and on setting up and maintsining their debate dubs,. and we provide teachers wilh
range of Conlinuirrfj PrOfeS￿onal Development {CPDI opportunities in the field5 of speech and dgbate. Nalionalty
and intemationally. we run public speaking and debating ¢ompglilions lo hone the skills we provide, and offer a
variety of cultural exchanges for $l￿dents, teachers, branches, members and professional8 alike to build
relationships and share Ideas across communsti.eg and countries.
Why we do It
The ESU was frymgd on th8 belief that more effective communication be￿een natims would lead to improved
global understanding. Thi$ belief still stands strong L￿ay. As communities iwome evei-more MU1￿CUltUral, and
soaety more p)18rised. there has never been a greater need lo understsnd dlfferent perspecb.ves and opinvJns.
Chlldren need lo 18am how to listen and evaluate other points of view; how to distinguish fake news from real.
They need lo leam to disagr99 without beiryj disagreeable, and they reed to leorn that vA￿t they think and what
Ihey have lo say matters.
Our speech and debate programmes and cultural exchanges help with all these things. They improve oracy
abilty and academlc attainment as well as a whole range of soGial. emotional and interpersonal skills n¢)w seen
as in￿eaSinglY imp)rtant by both industry and edu¢ationalists. These indude self-confidence, self-awareness,
resilience and empathy. Read mwe about oracy and ￿Y it matters '. htt '.IAMv.o$u.or
or
Publ1¢ Benefft
In setting our objèctives and plannlng our aclivllles, the Trustees have given cargful consideralh)n to the Charfty
Commission's general guidance on publÉc benefit.
Page 4

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDEO 31 MARCH 2024
Oblectlves
1. The full name of the Charity 15 The English-speaking Union of the Commonwe8￿h, referred to a8 the ESU.
The registered office and pnncipal operating address is Dartmouth House, 37 Charlès Strget, London. W1J 5ED.
The Charrty is registergd in England and Wales under registrat￿ number 273136.
2. In 1957 the ESU was grantsd 8 Ro￿1 Charter in which it8 charitable objectlves are to promote within ¢)ur
United Kingdom and other countries of the Commonwealth, the United States ofAmerica, Europe and elsthere
the mulual advancement of educali¢)n of the English-speaking people$ of the worfd, in particular (but wlhcul in
any way limrting the generalty tsf the foregoing) respecting their horilage, traditions and aspiration$. the events
and issues of the day affecting them. their inter.relationships and the use of English as a shared language and
means of intemalional communication of kno%￿edge and understanding: provldeé always that the foregoing aims
and objeds shall at all times be wrsued in a non-political and non-sedarian mannw.
Acti¥ltl•s
3. The ESU athigves Its objectives through three core 8Ctivrties.'
a} Education. We work wth teachevs and young pgoplg to improve or8cy skn118 and cr05S-cullural
understanding. We run debate, pertom18nce and public speaking competitions and workshops whrch encourage
leam&r8 lo explore and engage wrth a wide rangè of topical issues with on open mind. We wide schools on
U￿n9 oracy in the Classroom, support the development of academic and pr￿tiCal research in the ffield of oracy.
and we pro￿de teachers with a range of Continuing Profasslonal Dgvelopmgnl {CPD} OPF<Jrtunities in the field5
of 5peeth and debate. Nationally and intsrnationally, we offer a variety of prograrnmes aThJ cultural exchanges
for S￿dentS, teathers arKI professionals alike lo buikl relationships and Sha￿ ideas acr05$ communities 4nd
untries.
bl Memborshlp. Our membership plays an Important role In supwting the orgonisation through volunteering,
a￿v0￿¢Y and local engagement.
In March 2024, we had around 1,400 ESU member8 spread across 17 branthe$ in EnglaThl and Wale5. W8
have a growing number of Dartsmouth House members who m*1 to soeiali$e, g8in new perspectives on t
world and to help organ18e and rnlse funds for our edu¢ational work.
In Juty 2023, a simplified membership and pricing structur8 was introdu¢od. This ueated an ESU membership
a separate Dartmouth House membetship. Youry ESU members who preVi￿$1Y had freg m8mt•rships,
were encour8ged lo move lo fee paying fflemberships.
} Int•maUon•l. We engage a netsvork of 54 ESUS across th9 Wortd, each keing indèpen¢Jent and operatlng
according to their own jurisdiction. This important no￿Tk meet every year at the Intemational Council Meetlng
to share Ideas and promote English as a means of communication al a glob81 level. The in18rnational ESUS are
responsible for running Iheir own nat￿nal Public Speaking Competitions ￿￿ch culminate in the Intemalional
PulJiG Speakiw Compelition finals week In London.
Page 5

ThE ENGLISH-SPEAKING UNION OF TrIE COMMONWEALTH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Need
4. The need to support chSldren and young people lo develop vrtal oracy skllls h8s never been greater. Too many
young pgople aro i(xning and kaving e￿[￿8￿.0￿ wrth(yJt the oracy skills reqUI￿d to thrive in educalion CK the
workplace. This is a particular challenge for young people from disadvantaged backgrounds, are rn0￿ likely
to start school wiéh lower languag8 skills, arKI they rarety catch up lo their more advantaged peers al any ￿Int in
edLKation, limllirwJ their life thances, Equally, therels a greater need rw more than ever, for better intemational
relatio￿ in our rapKIty evolving, turbulent world.
5. Research 111 shows that havlng languag&rfch classrooms and opportunities benellts all thildren, developi
deeper knowledge of subjects. as well as supporting metscognitive skills devalopmenl. p￿tIVe so(ial, emotional
and mental heatth {SEMH) and employability skills. The skills required for fijlure em￿Oyment {21 8re 811
developed by oracy, and there is recognition that a 8kill>based economy is needed in light of advances in Al
wider workforce challerlges.
Achlevements
6. Onfine arKI In-P9rson oracy competitions achlgved sIgnIfl￿nt Impact, vmth over 4000 young partirypanls in the
UK, and over one milli1￿ worfdwde. The Intematlonal Publlc Speaklng Competltlon rètumed to London for
the first time since the pandemic, drawng paitcipanls from national finals in 31 countries taking pFacg betr￿n
October 2023 and April 2024.
7. We are pleased to report that partlup81ion In our or8cy competitions have retumed lo pre-pand8mic 18vel8.
Our Dlscover Your Volce workshops were deliVe￿d lo 1.620 young people this year and we received strong
ini8rest frorn a rarrfJe of schoofs.
8. Debate Academy took place in August 2023, with 50% of attendees in receipt of some form of lyjrsary or
fin8naal aid. The maiority of students spent a year at a US 5thod as part of OLK Secondary School
Exchange Fwgramme are from state schools, with one stholar in receipt of full financS8l ald from the ESU to
allow parti¢i?tion.
9. 23 schools partiupated on OUT Actlon Research programme, doubling the numbers from last year. helping lo
develop the practical ￿hat work5. 8vid8nce base for oracy. 8UFPOrted by the Unfveislty of Sussex's Speaking
c￿ZenS programffle.
(11 See for example.. Oral Language Interventtons
Education Endowment Foundallon TcolkiL'
in
olkivoral-lan
ua
Inte￿entionS
121 NFER study.. h
r-m rk l-in-20351
nal
an
Pagg 6

THE ENGLISH-SPEAKING UNION OF THE COAthIONWEALTH
TRUSTEES. REPORT IcoKnNUED
FOR THE YEAR ENDED 31 MARCH 2024
interrkatAonal
Publlc Speaklng
I nllllon+ partlclpants
31 countries
We contlnue to vffjrk wfth our
Irbternational ESUS and pArtner5 to re
slgnfficant numbers of young people. We
also lrktw0d￿ed grants, enabling (wr
Internatlonal ESUS to wtden partlclpatlon
Inthelrfeeder com
Ow DYV workshop5 were Improved tN5
year. Del￿ered by exFQrt prgctitloners, we
provided vaiufradd fot all 5cIKx>I
DIsc￿r Y￿r
Volce vnrksknps
15 sch1￿5 engaged
1691 sttxler
PerformTh
Shakespeare
ompetitlon
150 5th0015
The grand flnal took place atShake5pearrf5
Globe whefe we ￿ebrated excellent
perfonnances from state, Independw* and
hOM￿￿ed students. ShoWc￿ngthe
breadlh of iTrtetestthere Is In one of the
UK'S rn0￿ farFlOUS cultural export&
ESU-Churthlll
Publlc 5￿kIng
Competitlon
381 tearr
13J4studÈnts
ThSs unlque fmt enC<￿Taged te&mwort
palrlng schoo15 local peer5 to dwelop
actl¥e ltstenln8 s￿lIS and spoken langu88e.
340 sthools
I19)St￿lents
This Is the oldest and largest 5th0015
debating ¢ompethlon, wtth more
partlclpants fr(KTrstate schoolsthan
prev(ou5 yews.
Dèbating
coMp*￿10n
IIB your% people
50% In recelpt of iMJr58ry
A hlghty Suc￿SfUl week of debate
coathlng and the bullding of frlerthlps.
(a week4¢￿8
resklentfial
SLrner (gm
6 S&￿aT$ h05ted in US
Ioscholars hosted In UK
Ofthe 6 scholars who were sentto attend
5clwls In the US, most werefrom noTrfee
payin8 5choo15. One 5d￿l￿r rece5ved
firba￿la1 ald to 5Wrt them to ￿$SthÈ
rtun
Exch*￿* ISSE}
10. Dartmouth HC￿e. the International heodqu?rters of the ESU, ha8 been a hub for bringlng peopLg togelher to
socialise, debate and Share ideas. Over the next 12 months, the Board vlll conslder 8hort-lerm and long-temi
viable Ok￿OnS to maximise vdue for Dartmouth Housg.
Page 7

THE ENGU8H4PEAKING VNION OF THE COMMONWEALTH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Futurn Plans
11. Over the r*xt 12 months, we wll be undertaking a strategic rgmew to dgfine our vision for the next 5 years.
This review ￿11 touch all parts of the organlsatlon as we seize the opportunrty lo lake a fundamwtsl Icok al Ihg
ESU'S purF<Jse and cortsider how best we deliver in line wth the Royal Charter.
12. Mearbwhi16. we plan lo launch a new fuTrJraisSng strakn whlch VAII ￿1P create the finan￿81s￿bI11ty needed
lo deliver on its refingd vision. We wll also review our property portfolio to ensure that we are maximiwng value
and income from our as$el$.
Safeguardlng
13. There is no higher priority for the ESU thon the safeguarding of all those interacfjng wlth thè Charity, and
particularfy children and young p80ple participating in rts programmas. Rigorous protocols ore a150 applied to
online events. The Board has a stroNJ emph881s on the protection of vulnerat4e individuals, and it ravi8WS
process and procèdures on a regular basis a5 part of the risk management process. The Safeguar¢JirvJ Poly, is
reviewed biannually and avotlable on the ESU website .' htt ..lIM￿.e9u.Of
safe uardln
Communication
14. We actively advocate for oracy education. inlemationalism and volunteering, spreading the message that
speaking and listeniw ski118 and cros8-CU￿ra1 understandlng are ￿tal for young people to reach therr full
potential. More detalls can be found on wr website . htt .'Ilww.
15. We continue to focus on buikling and maintaining our Social meAia praser￿a. Social media provides
growng platfomi for netsvorkirvJ into educayon, bu4rEs¥. and ￿der sodety lo promote the cth#rity's work.
16. In June 2023, we C￿mISSiOn¢d a survey
htt s'.Ilwww.esu.or
Inews-8NJ-¥iewslchlldren-and-
stru le-tOvmake.fn"ends-surve -resulls-3howl
by C8nsuswide, which found that a lack of speaking and listening
skills wa5 holding children and youThJ p8ople back in m￿lad ways, including making it MO￿ drffiCU￿ for them to
make friend5. This demonstrates the rttd for 8UPPOrting children and Y￿n9 ￿pIe to ¢Jevdop their oracy skills.
17. In July 2023, Sir Keir Slarmer pledged lo put oracy at the forefront of education. Following this, the ESU were
interviewed and referenced by a range of news outlets Including INews, LBC, New Stslesman, as well as the
Daily Telegraph. In addrtion, we were also quoted in a YouGov article li￿ed 'Oracy. Tho Answer lo a Pupll's
Prayers?. by John HumphryB '. htt .'Il
ov.o).ukJ8ociel larticle8145887-'
orac answer-
18. In October 2023. the ESU hosted hs annual Evetyn Wreneh Lecture al Dartmouth House. We wer8 honourgd
to have our pr8sldent HRH The Princèss Royal, delNer the lecture on Yhe Power of ConversatTh.'
Pay Polky for Senlor Staff
19. The execjjtive pay pollcy Is set by the Nomination$ and RenLImerati¢￿ Committee INRC} arKI approved by
the Board. The NRC sets the renumeration for Senior management roles using benchmarked data.
Page 8

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
TRUSTEÉS. REPORT ICONnNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Governance •nd Managemgnt
20. We are governed by a Board of 14 818Cted Trustees of wh￿h 2 afe CO<JPted. Trustees are 81gCted by
membern of the ESU for a period of three years. Tru5188$ ore el￿1b18 to stsnd for re-eleetion for a second tem
of three years. The Board may appoint up to six c*>opled Tru5te&s to fill a skills or kn¢)wledge gap. The Board
delegates some of 11$ respons1t￿lIbe$ to Committees. In this reporting period Board have four e8tabll$h&d
Commrttees..
Nominatlons and Renumerauon Commrttee.
Engagement Commlttee
Edueation Committee.
Flnart8 & Audil Committee.
21. There are separate Board8 for the two tradiro subsidiaiies.. ESU Trading Ltd and ESU Dartmouth House Ltd.
Ther8 is also a Prop9rty Athsory Group where all propety-relaled matters are discussed and escalated lo the
Board vknere required.
Flnanclal Revl&w
22. The results of the ESU Group a￿ 6et out in the Consolidated Slalement ol Flnancial Acaivthes (SOFA) on
page 16. Th8 figures consolldate the resu118 of the Charity and Its whdly owned subsidlarie5, ESU Tr8ding
Ltd and ESU Dartmouth House Ltd.
23. Our Gharitabla activities have been fvnded through four main income St￿a￿S.
Donations and legades
Charitable activty income IregistraUDn fees, membership subscrfptkins and events).
Trading income
Investrnenl In￿Me {IncJuding rent from ts Chesterfield hotel).
24. The consolidated stslemenl of Ilnanaal acknvities sh¢)ws rkt exp&Klilure of £590k12023.' net Inccthe £489kl
exduding investment gains.
b)
dl
25. Net incoming Tesourees in 2023124 w8re £2.754k (2022123". £2,535kl. Total income by source for the ESU
Group, Including comparison wlh the previous year, as sgt out below..
202212023
£,￿0
106
421
503
1,724
0onatkn5 and leg8L*5
charts￿e aclivities
Tradlng artlvltles
15.3%
1&7%
1&3%
.1%
62.ffA L632 64.4%
373
26. Charitable aclivil income was £48k hlgheT than the wfor year at £421k12022123.' £373k) due to the success
of education progr8mmes including Debate Academy, the Public Speaking and Schools Mace competitions.
Page 9

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27. Irwestmenl Income of £1,724k12022r23'. £1,632kl Included rents from the Chesterfield Hotel and dividends
paid from our Investment kYJrtfolS0 whlch Is managed by Sarnsbn & Partner8 LLP. This stream m8de up 62.6%
(2022123.. e4.4%) of the total Income and ensures slablllty ollundlng.
28. Tradin
activiti8s income re5uW from commission charg8d urÈd8r a licence wth Graysons Restaurants
Limlled to run weddings, private events, eorporatè aellvilies and servite memters at D8rtmouth House. Tha
profits from these activities directly benefit the Charity. The value of the commission was £503k (2022123.. £485kl
29. Donations comprised legacy income, IndividL￿1 and corForate glvSng from ESU 6UPPOrters, Income fr(
fundraising events held in Dartmouth House and branch events. The aim of oach event is to engage eXis￿ng
supporters as wel as showcasing oui work to new supporters. Events induded the Evalyn Wrenth lecture, and
the 4th of July and Coronation tea parties. Total donatitins for the year were t106k {2022123'. £45kl
30. The ESU con801id*d Charity and 8ub$idiaries report expen¢Jiture ot £3.344k this year, a 63% Increa8e on
the prior year (2022123.. £2.046kl. The main elem8nts of the increasod ￿51S resulted from:
an increase in staff numters.
growlh in our educational aclvlty.
rtsnewed emphosis on digital and rnarkeling adivty lo raise the profikg of the charity, promote the use
of Dartmouth House and attract more members.
Increased investment in our digital infrastrijclure indLKling the development of a rEw CRM system
designed to en$￿￿ operational efficiencies.
Notes 7 arn18 to the accounts provides a breakdown of expendllure.
31. Totsl ESU funds at 31st March 2024 wère £50.813k {3110312023'. £51.146k},' the decrease of £333k is
attdbutable to net expenthture of £590k èyjusted for nel investment gain5 01 £190k, and a gain on lh& valua ot
hentage assets of £67k.
32. The ESU own a propeTty portfo150'. the Chesterfield Hotel an(1 Dartmouth House. Both are subj8rA lo open-
market valuation flucbjations. The properbe$' values are recorded a$ designaled funds and are not relied upon
for the day-ttrday wnning of the Charity. These long-term assets generate the rental income and commeicial
profits upon which we reiy to deliver our charitable wotk.
33. Unrestrfcted reserves are required to provide for short-term fluctuatlcfj8 in income and expenditure. The
Board's Reserve$ Poliw is to maintain nel free reserves Icurrently held as cash and near cash investments)
suffiaent to cover overhe8ds for al least 6 m¢)nths. The ESU is operating in accordarKe wrth this poliGy.
34. Consolidated cash aTrJ cash eqU￿talent b￿anCeS held fell by £1,797k in 2023124 to £518k12022r23.' £997k
Increase in cash balance61. The fall in balances relate lo nèt cash out Itows from 0[￿rating activitie8 of £1.583k
for which contributing factors inclLKled in￿easeS in staff numbers, and targatgd Investment in IT and digital
infrastructure across the year.
35. The value of free reserves held by thè Group a131103r24 was £2,974k ￿lch was wfflcienl to meet the
8oard'8 requirement lo eov¥ &x months foThvard operating expenditure.
Unmtritted frjnds
49.901.737
50.813 1ri
Les9=
IFA
IFA
l1￿$11￿rt woprty
H•rita9è a888ts
I17.4￿.036)
171,2911
8500.0001
793,200
U7.454.718)
(42.9331
R8500.0001
1￿21)0
Dèswod hjnds
FREE RESERVES
125.000
4,Oa9,326
Page 10

THE ENGU8H4PEAKINO UNION OP THE COMMONWEALTH
TRIISTEE8' REPORT {COPrnNUED
FOR THEYEAR ENDED 31 MARCH 2024
Rknk Mthwi•m•nt
36. TNthei h•wk gl¥en <on￿deralk￿ lo th• ffl4or rfèk8 to *thkh th• ch•rXy Is èxpowj ond •*
them￿8 th•t sy&témi c* rle est•bllih8d In ¢xd•r lo m•n•go tho•e 7hh y•ar wo h)trOd￿ed
• risk manogement fr•m•Wr+￿ enables lh• Board, its Comltteea arKI the S￿101 Team
to ￿li￿ar. rf18cuu •nd •¢1 M 4101 th• rAgathatlon'• m*rrtsk•.
STA7EAIEKf op TRIISTEES RESPONSIBIUTIES
1. Tr fnMt•¢i ol Ihe Charty afv re¥pon8hle for wep•rfng th• TN•tseg' R•p¢rt and th• *tatwMrts.
41 the •ccounts ¢fth• ESU •ubshJlary Trny ESU Tradlng Ud Vopother. tr•'Grow?,
2. Charity Iw T•qulr•8 th• Tftrtle￿ io prqwe Sta•ne￿ ft* ••rlb fiMnd4 wilh
3. Under Cl* l•w. th6 TDJtheJ rn￿1 nc4 the st8tern￿ unlw thty are Satisfthl that
grè* a true ar#1 f•tr ol th• offalrn of th• Charfty ond the Group, ol thts rt•t of th•
{SORP).
departum dlxlosed and expl81￿d in thefinanual stat•TMn
thjtthe Chgrfty*ll ￿nI￿￿t0 opwth.
th Ch•rtys trans•dkn& lo dixlose Vtrfth rea￿￿￿19 ac¢ura¢y at arby Iwne the ffnanrjal poslh)n of th¢ ¢h•rly.
and enth them to ensure that th¢ fvwncw 8tat•mBnts COM￿ wAh th• Chwrtt•¥ Ad 2011. Th•y *• 4ts0
resportyThkn for saf8guard(ng th• •¥*et$ ofthe Artd lh• GWJ •nd henR r•asty* *ps fry
rwed byorderolth• mtynborn ofth• boAr(I dTnmll￿ and *ned OAthelrbehalty.
Mll•¥ Y4Xthg
P•g•11
CamScann•f'.

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
INDEPENDENT AuD￿ORs. REPORT TO THE MEMBERS OF THE ENGLISH.SPEAKING UNION OF THE
COMMONWEALTH
Oplnlon
We have audrted the finanGial statements of The Engli$h-Spgaking Union of the Commonwealth for the year
ended 31 Mareh 2024 which compris8 the Cons01idal8d Statement of Financtal Actiwlies, the Cmsolidaled
Balance Sheet, the Charity Balance Sheet, the Consolidated Ststemenl of Cash Flows and the rdal8d not85.
induding a summary of significant accounting poliaes. The financial reporting framework that has been apF4ied
in their preparation is applicable law and United lQngdom Ac￿UntIng Standards. Indudlng Financial Repoiting
Standard 102 The Financial ReP(￿tIng Standard applicabkn in the UK and Rep(l)Ilc of Ireland, {Uniled KiThJdom
Generally kcepted Accounting Prncticel.
In our opinion the fin8wal ststements..
give a trug and fair vigw of the slate of the Group's and of the parent charitls affairs as at 31 March 2024
and of the Group's in¢oming resources and application of resoU￿e5, induding ils income aThJ expendiluro
for the year then ended..
have teen property prepared in accordan￿ with United Kingdcffi Generally Accepted ACc￿ntIng
Practice,. and
have Ixen prgpgrgd in accordance with the requirements of Chariknes Act 2011.
Bash for oplnlon
We conducted our audit in accordance with Inlemational Standards on Audrtlng IUK) IISAS IUK)) and applicable
law. Our responsibilities under those standards are further described Sn ltte Auditors. responsilxlilies for the audit
of the financial stslements section of our Eport. We are independent ot the Group in accordance the ethiesl
requirements Ihat ale relevant to our audit of the financial statements in the United lfjngdom, including the
Finanaal Reporting Council's Ethical Standard, and we have lulfill8d our other ethical responsibilrbes in
accordance w￿h these requirements. We tdieve that the audit eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Con¢lu$lons rol•Un9 to golng concern
In auditing the finartoal statements. we have conduded that the Tru$lees' u$e of tho going concèrn ba￿5 of
accounUng In the preparailon of the finanaal statemerts is appropriate.
Based on the work have performed, we have not identified any material uncertainties relatlng lo events c*
condibons that, individually or Collectively, may cast signifi'cant doubt on the Group's or the parent tharitvs akn'lity
to conllnue as 8 going coneem lor a perkjd of al lèast months from %then the financial statements are
aLrth0ri88d i8sue.
Our responsibilities and the re$ponsbililif5 of t￿ Trustee5 vmlh respeGt to wing concern aTe described in the
relevant sections of thi5 report.
Page 12

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE ENGLISH4PEAKING UNION OF THE
COMMONWEALTH (CONTINUED}
Oth•r Inlornmtlon
The other information wmprlses th8 inf(*malion induded in the Annual report other than Ihe financial statements
and uJr Audf(ors' report the￿on. The Trustees are responsit4e for th& other Information conlalned within the
Amnual report. Our oplnion on the financial statements does not covei the other inforynallon and. except lo the
extent otherwise expliotly stsled in our report, we do not express any fomi of assurance condusron thereon. Our
responsibility is to read the other Information and, in doing so, con8hler thether the other informotion 18
m8lerially inconsistent wlth the financial statements or our kn￿edge obtained in the course of the audit, or
olhewse appears to be materlalty misstated. If we identify such material inconsistenaes or apparent materi81
misstalemenls, we are required lo delemiine whether this gives rise lo a material misstslamenl in the financial
statements themselves. If, based cfi the work we have pèrtomied, s%t condude that there 18 a material
misstatement of this other informallon, we are required to report that fa¢t.
We have nothiNJ lo reF<*t in Ihls rogard.
lattets on wthi¢h w• arn rnqulred to report by ex¢eptlon
In the light of our knowledge and understanding of th8 charity and its environment obtained in the Course of the
audit. we hav6 not Idenlified material mlsslalemenls in the Trustee8' Report.
We have nothlng to report in resp8Ct of the followjng matters in relalion to which Charities Act 2011 requires u$
to feport to you rf, in our opinton=
the parent charTty has not kept adequate and SLrtri¢ienl accounting record$, or returns adequate for our
audit have not tr￿en re￿iVed from branches not visited by us,. or
the parent chantyfinanaal statèments are not In 8greement with the 8e¢ounting records and retum8", or
certaln disclosures of Trustoes, remuneration Speafied by Lgw are not made", or
have not received all the information and eXplana￿On$ we require for our audit.
Responslbllltles of truslees
As explained more fvlly in the Trustees. responsibilities statement, the Trustees are reS￿nsIble for Ihg
preparation of the finanaal slatoments and for being satisfied that Ih8y give a true and falr view, and for such
intemal control os the Trustees dglermine is necessary lo enable the prepar8tion of financial ststemenls that are
free tsom material misstatem￿. vthether due to fraud or error.
In preparing the financial stslemfrnts, the TNstees are resF4)n8ible for assesslng th& Group's and the parent
chartys abilty lo continue as a gotNJ concem. disdosing, as applicable. matters related lo going concern and
uslng the going concern basis of actounling unless th8 Trustees eilher int8nd to liquldate thg Group or the
parent chartty or to cease operations. or have no reallstic a118matlve but to do so.
Page 13

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ENGUSH-SPEAKING UNION OF THE
COMMONWEALTH ICONTINUEDI
Audltord. responslbllllle8 for the audit of the flnanclal statements
Our objectives are lo obtain reasonable assurance about ￿ether the finana81 statements as 8 vthole are free
from rn2terial misslatemenl, wh8th8r due lo fraud or error, and to iSSUg an AuditoT8' report that indudes our
oplnion. Reasonable 888uranee Ss a high level of assurance. but not a guarantee that an audit ￿nduCted in
accordance ISAS {UKI will aNyays detect a material misstatement when il exists. Misstatements can ad88
from fraud or error and are considered m81erlal If. indNidualty or in the aggregate, they coukl reasonably be
exp8Ctgd to influence the economic dedslons ol u86rs taken on the basis of these financlal statements.
Irregularities. Includlng fraud, are instances of non-compliance with laws and regulauons. We design wjcedures
in lin8 with our re8P¢)nsibililies, oullir*d above, lo deted material misstatemgnls in respect of irregularibes.
includlng fraud. The extent to which our prttedures are cepable of deleth'ng irregulatrtias, including fraud is
detailed below:
The aLrdit team obtained an understanding of the legal and regulatory frameworks that are 8ppllcatle to the
Charfty and delerniined that the most significant are those that relala to the reporting framework IFRS102 and
the Charities Act 201 t), the relevant tax compliance regulation5, employment Liw, Heatth and Safety Regulations
and thg EU General Dats Protection Regulallon IGDPRI.
We under8tODd how thè Charty is comp￿"ng wilh these frameworks by making enqulrfe8 of management and
those responsible for legal and ￿MplianCe procedures. We also rewewed board minutes to identify 8ny
rgcorded inslancés of irregularity or non Complian￿ that might have a material impact on the fw)aneial
statements.
We assessed the susceptibilty of the Charitys financHI statements lo material mis¥tstsment. includirg how
fraud might occur by meeting with key managam8nt to understand where they are considered there was
susceptibility lo fraud. Based on our understanding our pro￿duleS involved eTh4uiries of management and those
charged with governance, manual joumal lesling, cashbook reviews for large 8fKI unusual item¥ and the
challenge of signfficanl estlmates used in preparing financial ststements.
Because of tho inherent limitations of an audit, there Is a risk that we wll not deteet all irregularities, induding
those leadiThJ to a material mrsstat8ment In the financial stslemenls or non-compliance with regulation. This risk
Increases the more that compliance ¥Mth a law or regulation Is rgmoved from the event5 and transath.ons
refleL*ed in the financial st8temenl$, as we wll be les5 likety to become aware of instsnces of non-compllance.
The risk 18 also greater regarding irregularrties oecurring due lo fraud rather than error. as traud involves
inlenlional concealment. forgery, collusion, omlsslon Cf mi$repres8ntation.
A further description of our re$pon$ibililies for the audit of the finandal 8tslemerrts is located on the Financlal
Reporting Councll's webslte at.. ww.frc.or
.ukl8udttorsras
Auditors, report.
nsibilities. Thi$ do￿n￿on fornis part of our
Page 14

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ENGLISH4PEAKING UNION OF THE
COMMONWEALTH ICONTINUEDI
Uso of our report
This report is made solely to the Charity's twstees, •# a body, in aeeordanee with Chapter 3 of Part 8 of thè
Chanties Acl 2011. Our audit work has been undertaken so thot we rnighl state lo the Chartys trustees thtsge
matters we are requlred to slate to them in an Auditors. report and lor no other purpose. To the fullest extent
pemitted by law. we do not accept or assume ￿PonSibl11ty to anyone other than the Charity and 118 trustees,
body. for our audit work. for this report. or for the opinions we have formed.
W¥R Partnèrs
Chartered Accountsnts
Statutory Auditors
Belmont House
Shrewsbury Business Park
Shrewsbury
Shrop5hire
SY2 6LG
Page 15

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR ThE YEAR ENDED 31 MARCH 2024
Endowment
funds
2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and
gndowments from..
Donations and legaae8
Charitable activities
Other trading activitle8
Investments
106,9D4
314.819
602.772
1.70&984
105.904
421.399
802.772
1.723,867
44,797
372,918
484,667
1,632,941
106.280
12.803
Total Income and
8ndowrnents
2.380
119.083
2.632.479
2,753,942
2,535.323
Expendlture on:
Raising funds
Charl1ab￿ actIV￿eS
621.053
2A23.213
621.053
2,721775
118.129
181.433
1,486,214
Total oxpfrnditur•
118.129
181.433
3.044.266
3.343,828
2,046,214
Not
lexpendlture}Ilncome
before net
gaSnsl{lossM) on
Investments
Net gainslll¢)ssesl on
Investments
Net movèment In
fund8 beforè othèr
recognlsod
gainslllossesl
{116.7491
162.350Tr
1411.78n
1589,886)
489, 109
414
190,229
190.643
(76,243)
(11S,749)
161,9361
1221,5581
1399.243)
412,866
Other recognlsod
galnslll￿s￿s).
Gains on revaluation of
fixed assels
87.1)00
67.000
7,900,000
Ngt movem•nt In
fvnd$
1115,749}
161,936)
{154.$581
{332.2431
8,312,866
Page 16

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
CONSOUDATED STATEMEprr OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Endowment
funds
2024
Rèstri¢tsd Unrostrl¢tod
fund$
funds
2024
2024
Total
nds
2024
Total
funds
2023
Nots
Reconclliation of
funds:
Total fvnds brought
fc¥ward
Net movement in
438.254
{115,7491
650.871
161,936
50,056,295
{104,5581
61.146.420
1332.243)
42,832,554
8,312,866
Totsl fund¥ urrtod
forward
322,50S
588.936
49.901.737
SO,813,1TI
51. 145,420
The Consolidated Statement of Financial Activrties i￿ludeS all gains aThS losse$ recognisad in the year.
The notes on pages 23 to 45 fom part of these financial BL*mgnts.
Page 17

THE ENGLISH-SPEAKING UNION OF THE COMMON¥VEALTH
REG18TERED NUMBER: RC0110177
CONSOLIDATED BALANCE SHEEr
AS AT 31 MARCH 2024
2024
2023
Not•
Fix•d assets
Intsngible assets
Tangible assets
Heritage assets
Investments
Investment property
12
13
15
18
14
71.291
17,438.036
793.200
2.826.613
28.SOO.000
42,933
17.454,718
726,200
2,471,435
28,500,QOO
49.629.140
49, 195,286
Current assets
Debtors
Investments
Cash at bank and In hand
17
18
384,339
1,000,000
518,224
187,307
2,315,647
1.902.663
2,502.954
G￿lIOrs.. amounts falling due V4ithin one
year
19
(718.6261
(552.819)
Net current assets
1.184038
1.950, 135
Total assots1g$9 Gurrent Ilabllltlos
50.813,178
51,145.421
Net assèts éxcluding penslon &$s•t
60.813.178
51,145,421
Tolal net assets
60.813,178
51, 145,421
Page 18

ENGUSH4PEAKINO UNION OF THE COMPIOPMEALTH
REGISTERED IIUMaER: RC000177
¢ONSOUDA7ED BALANCE SHEET {CONTINueD
A8 AT 31 MARCH 2024
Not•
2023
¢harlty fum1•
EndOwnentf￿ds
20
20
20
322,505
508.935
49,901,738
43&254
650.871
rii,056.296
Tot•1 fvnds
50,013,178
51.14&421
TnFStee8 8ckntr•Aedge theff respMiUllies for ¢•ylng ¥Ath the requkements of thts Act ¥thh rèjpect 1¢
•etou￿1￿ record8 and prepwaticffl of11n￿￿1 *I￿OnI¥.
The st8lwn*ts worn •pproved •NI authorfsed forlgw• by the Tnth98 on Ih•trl>eh8ff ty.
Ile* Young
Chatr
Dat•: 11191
Thè n¢tes on paw23 to 46 fomi p•rt ofthw fin￿￿11 8talaTr•ts.
Ptyo 19
Se8nn4d wlth
•camScann•f'.

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
REGISTERED NUMBER.. RC000177
CHARITY BALANCE SHEEr
AS AT 31 MARCH 2024
2024
2023
Note
Flxfjd asspts
Intanglble assets
Tanglble assots
Herllage assots
Investments
Investment property
71,291
17.438,036
793,200
2.826.613
28,500.000
42,933
17,454, 7t8
726.2C
2,471,435
28,500,¢
15
16
14
49.629,140
49, 195.286
Currnnt assets
Debtors
Investments
Cash at bank and In hand
17
18
333,858
1,000,000
439,539
189.232
2.310,647
1.773,397
2,499,879
Creditors.. aMe￿nIS falling due within one
(807,879)
f568.264J
Net current a$$ets
1,165,518
1,931.615
Total assets l•ys curr•nt Ilabilltlgs
60,79C668
51. 126,901
N•1 ass•ts 8xcludlng penslon as80t
50.794.658
51, 126.901
Total net a8•ets
60.794,658
51, 126,901
Page 20

IHE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
REGisfERED NUMBEIL. RCOIK1177
CK4RThY PALAMce SHEET (coiinNUEDI
AS AT 31 MARCH
Ch•rfty tsnd•
65QVi
ON.776
T•t•l fund•
51.124901
Tho n6tTh•7IQ￿ kn Iwth S)rthe >ww•• IY332243) r1023.Ea361.2661
IAl•• Y•ur•
0th 111rt1207*
P•p21
S¢att￿d wlth
Camscanner..

THE ENGUSH-SPEAKING UNION OF THE COMMONWEALTH
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operatlng a¢tlYltlg3
Net cash used in OFerating activities
22
1683.1671
1.476,332
Cash flows from Inv•stSng actlvltl•s
Dividends, interests and rents from inv88tments
Purchase of intangible assets
Purchasè of18rKJible fixed assets
Proceed5 from salellpurch8se) of investments
81,408
171,290}
174,3741
(31,OOOJ
{160,0001 (505, 103)
56,418
Ngt cash used In Investlng actlvltles
{214.2661
1479.6861
Cash flow6 from flnanclng actlv5tlgs
Current a88et investment additions
11.000.0(KI)
Net cash {used Invprovlded by flnanclng actlvltles
11.000.000
Ch•nge In cash and Cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
11,7978231
2,315.647
996,647
1,319,OCQ
cash and cash •qulvalents at thg end of the year
23
518,224
2.315.647
The notes on page5 23 to 45 form p8rt ofthese fin8nc4al statements
Page 22

THE ENGLISH4PEAKING UNION OF THE COMPIONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2024
Gen8ral informatlon
The English-speaking Union is a ¢))mpary limited by guarantee and without share capital. The ESU was
incorporated in England by Royal Charter and the address of its rgglslered office is Dartmouth Holtse. 37
Chades Street. London, W1J 5ED.
Accountlng polS¢les
2.1 Ba818 of preparatFon of flnanclal statements
The finan￿￿ stat8m8nts havg been prepared in accordan* with the CharttSes SORP IFRS 1021-
Aecountiftg and Reporting by char￿e$.. Ststement of Recommendgd Practice applicable to charities
preparing their accounts in accortjance with the Flnandal Reportlng Standard applica￿0 in the UK
and Republic of Ireland IFRS 1021 leffectlve 1 January 20191, the Financial ReporttThJ Standard
applicable In the UK and Republlc of Ireland IFRS 102) and the Charit￿8 Act 2011.
The English-speakiry Union of the Commonwgatth meets the definthon of a pubThc benefit enllty
under FRS 102. Assets and Ilabllilies are inth'ally recognised al historical cost or transaction value
unl889 Othenvlse stated In the ￿levant 8ccounlirvJ policy.
The Consolidated Statement of Fin￿al Advmles {SOFAI and Consdidated Balants Sheet
nsolidate the fina￿la1 statomgnls of thg Charity and its tsyo subsdiary undertakingss. Tr results
of the subsldiarw are consolidated on a line by line basis.
The Charity has taken advantage of the exemptlon and hats not pre8enled its ovm Statement of
Financial Actiwties In these financial statements.
2.2 Incom•
All Incom8 Is re¢ognised on¢e the Charity has entit￿ment to the income, It is probable th81 the
income vlll be reeeived and the amount of ￿coMe receivable can b8 measured r8liat4y.
The rewgnition of income from18gaci8s is dependent on establishirvJ entitlement. the probability of
receipt and the abilty to eslimale ￿th suffiuent accuracy the amount receivable. Evidence ol
8ntiUement to a legacy exists when the Chartty has SLrffioent evidence that a gfft has been left to
them (through knovAedg8 of the existence of a valhl will and the de*h of the benefactorl and the
executor is satisfied that the propety in question ￿11 not be requirfjd lo satisfy claims in Ihe estate.
Receipt of a legacy musl be recognised when 51 is probatAè that il will be recelved and th& fair value
ot the amount recelvable, which wll gener811y be tha expe(*ed cash amount to be distributed to the
Charity, can be reliably meastsred.
In¢ome tax recoverable in rela￿On to Inveslment inetfrte is recognised at th8 tim8 thg investrnent
income is recelvable.
Pagg 23

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024
¢ountlng pollclgs lcont1nu￿)
13 Expendltur•
Expenditure Is recojnised on¢e there Is a legal or constructive obligatyon to transfer etr)nomic
to 8 third party, 11 Is probable that a transfer of economic benefits will be required in settlement and
th8 amount of the obligation can be measured reliably. Expenditure is dasslfied by actlvlty. The costs
of each adivty Sre made up of the total of direct costs and shared costs, including support costs
involved in undertaklng each acti￿ty. Direct costs attributable to a single activity are allocated direct
to that activity. Shared costs which contribute lo more thon ong aclivity and support co$ls whiGh are
not attributable to a single actmty are appgrtioned be￿en those activrties on a basis con$i$18nt with
the use of rosources. Central staff costs ar8 allocated ￿ the bosis of ts'me ¥Jent, ond depreelatlon
tharges allocated on the portion ofthe asset's use.
Expendlture on raising funds Indudes all expenditur& iftcurred by the Grwp to ralse funds for i
tharilable purpose8 and inGludes costs of all fundraising activities events and non-tharitable trading.
Expenditure on charitable athrkne5 is incurred on directy undertaklrYJ the aetfvilies which frjrther the
Group's cbjectives. as well as any a$sodated support cost8.
All expenditure is induslve of irrecoverable VAT.
2A Interest recelvable
Interest on funds held on deposit is included ￿en recefvaile and the amount can ￿ me8SUTed
reliably by the Group.. this is nom)ally upon notifi¢ation of the interest pald or payable by the instrtLrtion
with whom the funds are dgF•)8fted.
2￿ Intsngible agsets and amortisation
Intonglble assets costing £NIL or more arg capitslised and recognisgd when future economic benefits
are probable, and the cost or value of the asset can be measured reliably.
Intangit)le assets are initialty reccgnised al c051. After recognrtion, under thg Cost modal, intangible
assets are measured at cost less any accumulatèd amortisation any accumulated impairment
losses.
Amorbsation is provided on Intsryible assets al rates ealculated to wrlle off the cost of 8￿h asset on
stralght-line basis over its expected useful lrfe.
Amortis8tlon is provlded on the fdbwlng ba61$'.
Compuler software
20 % straight line
Pagg 24

THE ENGLISH-SPEAKING UNIOM OF THE COMMOI4WEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclg5 Icontlnuod)
2.6 Tanglble flxed assets and depreclatlon
Tangible fixed assets cosling £1,000 or more are capitalised and recognised when future eccrnmic
beneffts are probable and the cost ￿ value of the asset can be measured reliably.
Propety inrfoally recc8nised al cost. After recognition, under the revaluation model, a property
whose fair value can be measured reliably shall be carried al a revalued amount, teing their fair
value at Ihg dat8 of revalUat￿n less any subsequent accumulated depreciation and subsequont
accumulated impaimienl losses.
Revaluations are made wth sufficient regulority to ensure that the carrying amount does not dWfeT
materialty from that whlch vnuld be detemiingd using fair value al the end of the reportirKJ date.
Fair values are detemined from market-based evidence ty appraisal that is nomalty undertaken by
professlonally qualified valuers. If there is no markel-based evidence of fair value Wause of the
6pecialised nalure of the langlbie flxed asset and It Is rarely sold, except as part of a eontribuling
business, a Charity rnay need lo e$limate fair value u&ng an Income CA depwiated replacement cost
approach.
Gains and losses on revaluation are recognlsed In the Consolidated slalement of financial activiiies,
th a separate revaluation reserve b￿ng shown in the Statement of funds note.
Other tsnglble ffixed assets are initialty recogni8ed at cost. After recognf(ion, under the cost model,
tangible fixed assets are measured al cost less accumulated deprociation and any aceumulaled
impairment losses. All costs incurred to bring 8 tangible fixed asset into ils intended working ￿n￿rtIon
should be included in the mgasurement of c05t.
Depreciation is tharged 80 as to allocate the cost of tarKJible fixed 8ssets less their residual v8luÈ
over their estimaled usefijl lives, Using the slraight-line method.
Depreclallon Is provided on the following bases..
Freehold propety
Plant and machinèry
Fixtures and ffttings
Computer equipment
Not dep￿lated
1 S years straight line
5 year8 8traigM lin8
3 years straight line
Page 25

THE ENGLISH-SPEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢lèJ l¢ontinuedl
2.7 Hgrltage assets
Where heritage assets have boen purchased, they are In￿allY recognised at Cost. After recogniti'on,
under the revaluatic￿ mfrJel, heritage assets are measured at fair value. Any reliatAe valuation
technlque lo e8tlm8t8 th8 fair value of a heritage asset may be used. however, it must refiKt any
particular historic or herft8ge qualiles Inherent in the assgt being valued. meanlng that depredaled
replaGement ¢osl may not bè an applicable technique in all circumstances.
Where heritage assets have been donated, they should initially be recognised then subsequenlty
measured al tsir value. Ary ￿liable valuallon lechnlque to esttmale the fair value of a hèritage assèt
may be used,. however. il must reflect any partI￿10r historic or heritage qualities inherent in the asset
belng valued. meanlrrfj Ihat depreoated replacement cosl may not be an applicable technique in all
circumstances.
At each reporting dale the Charity assesses whether there is any indication of impairnenl. If such
indication exists. the iecoverable amount of the asset is determined lo be the higher of its fair value
less ￿$ts to sell and its value in use. An Impalrmenl loss is recognised Ithere the c8rylng amount
exceeds the recoverable amount.
Heritsge assgts arg not depreciated.
2￿ Investments
Fixad asset Investments are a form of financial Instrument and are inrtialty recognised al thelr
transartion ¢95t and subSequen￿Y measured at fair value al the Balance sheet date, unless the value
cannot be measured rella￿Y in vthich case it is measured at cost less impaimienl. Investment gair
and losses, whether rea115ed or unrealis&J. are combined and presented as 'Gainsl{Losses) on
investments. in the Consolidoled stateM￿t of financlal 8Ctlvllie8.
Investments in subsidiaries are valued at cost less wovision for impaimient.
19 Debtors
Trade and other debtors are recognised at the settlement amount after any tr&Je discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10Ca¥h at bank and In hand
Cash at bank and in hand indudes cash and short-tem highly liquid investh7ents with a short maturity
of three months or less from the dale of 8equ1s1￿0n or opening ofthe deposit or simllai aeeount.
Page 26

THE ENGLISH4PEAKING UNION OF THE COMMOHWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polkl8s {contlnu•dl
2.11 Llabllltles and provlslons
Liabllities are recognlsed when there is an obligation at the Balance sheet date 88 8 result of a past
evgnl, il is probable that a transfei of economic benefrt wll be required in $etUement. and the amount
of the settlement can be estimated reliatAy.
L[abill￿89 are recognised al the amount that the Charity anlicipoles it will p8y to settle the debt or the
amount il ha$ r￿e1Ved as advanGe(I payTnents for the goctyJs or services It musl provKIe.
Provisions are m8asured at the b&st estimate of Ihg amounts required to settle the obllgallon. Where
the effect of the time value of money is material, the proviS￿Th is based on the present V81ue of those
amounts, discounted al the pre-tax discount rate that reliects the risks S￿IfiC to thè liability. The
unwinding of the di8count is recognised in the Consolidatsd stslement of financhgl activities as 8
finance cost.
2.12 Flnanclal Instmments
The Group onty h88 financial assets and finonGial liabilities of a kind that qualfy ag basic fin8r￿101
Instruments. B8&e financial instruments are initially re￿gnised ot tranSaCtic￿ value and subsequentty
measured al their setuement value with the exception of bank loans whith are subsequently
measured al amorbs8d cost using the effedivg interest method.
2.13 P•n8lonB
The Group operates a defined con1rlbu￿On penslon scheme and the pensron charge represents the
amounts payable by the Group to the fvnd in respect of the year.
114 Fund accountlng
General ftjnds are unrestricted funds vthlch are available for use at the discretion of the TnJslees in
furtherance of the general 0￿.ectIVeS of the Group and which have not designated for other
purposes.
Designated fund8 comprise unrestricted fijnds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fvnd is set OLrt in the notes to the financial
stslements.
Restricted funds are fvnd$ whrch are lo be used in accordance wth 8pec4fic restridions imposed by
donors or whlch have been raised by the Group for particular purposes. The costs of raising and
administering Such funds ore charged against the specffic fund. The aSm and use of each restricted
fund is set out in the notes to the finandal stalemenls.
Investment In¢ome, gains and losses ale allocated to the appropriate furKI.
Page 27

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 MARCH 2024
Incomo from donatlons and legaeles
Ro8tri¢ted un￿tr1Gted
funds
funds
2024
2024
Total
lund$
2024
To181
funds
2023
Donations
L8gaaes
Fundraisiw events
20,701
50,000
35,203
20,701
50.000
35.203
20,350
24,447
Totsl 2024
105,904
106.904
44, 797
Total 2023
3,025
41,7T2
44.797
In¢ome from ¢harftable actl¥tti0s
Endowment ReBtricted Unre8trfctod
funds
funds
funds
2024
2024
2024
Total
funds
2024
Tol81
ftinds
2023
Income from programmes 8nd
events
300
106.280
152.659
51,908
110.252
259,239
51,908
110,252
155,609
57,332
159,977
Income from bran¢he$
Memb8rship subscriptions
Total 2024
300
106,280
314,819
421.399
372,918
Tot812023
2.433
72,082
298,403
372,918
Page 28

THE ENGLISH.SPEAKING UMION OF THE COMMONWEALTH
NOTES TO THE FINAMCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from other tradlng athltles
Income from non charltablg tradlng actlvllles
Unrgstrkted
funds
2024
Total
funds
2024
Total
lunds
2023
Catsring commission
502,772
602.772
484,667
Total 2024
502,772
502.772
484,667
Total 2023
484,667
484.667
Investmonl Income
Endowment Restricted Unrestrict•d
fvnds
funds
funds
2024
2024
2024
Total
funds
2024
Total
funds
2023
Rental income
Investment income
Recharges
Investment income- lttal cash
1,504,001
66.525
102.724
35.734
1,504,001
81.408
102.724
35.734
1,503,999
56,418
72,524
2.080
12.803
Totsl 2024
2,080
12,803
1,708,984
1.723.B67
1,632,941
Tot812023
8, 138
1,624,803
1,632.941
Pap 29

THE EMGUSH-SPEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expendlturg on ralslng funds
Fundraising trading oxppn¥85
Unre8trict•d
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising- Direct Cost5
Fundraising- Support Co$1$
20,143
84,238
20.143
H238
22,QOO
28,000
Totsl 2024
84.381
84.381
Total 2023
Othèr tradlng expense•
Unrextricted
funds
2024
Total
funds
2024
Total
funds
2023
Trading- Dir8Ct Costs
Trading- Supwrt Costs
319.249
217,423
319,249
217,423
399,000
111,000
Total 2024
536,672
636,672
510,000
Tot812023
510,CJg0
510.0
Page 30

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analys1$ of •xp•ndlknre by acllYttl•s
Actlvltles
undertaken
dlrectly
2024
Support
c¢)sts
2024
Total
fund8
2024
Total
funds
2023
EduGatKin programme and scholarships
Intemalional development
Memberthp end brarKhes
Govemance
588.013
204.127
566.047
297,241
484.259
153.184
306.368
123,536
1,072.272
357.311
872.415
420.777
778,214
277,000
302,000
129,000
Total 2024
1.655.428
1,067,347
2.721775
1,486.214
Total 2023
851,214
635,GW
1.486.214
Auditors. rèmungr•t40n
2024
2023
Fees payable lo the Chaws audltor for the audit of the Charitys annual
accounts
18,750
25,305
Fees payable to Ihe Charrws audrior in respect of..
Afi non-aU￿￿ servlces not included above
5,250
9,638
10. Stsff costs
Group
2024
Group
2023
Charity
2024
Charity
2023
Wages and salarfes
Sodal $8curfty costs
Contiibution lo defin¢d ¢ontribution pension
schemes
1,148,266
122,032
623,477
62,4￿1
1,148.266
122,032
623,477
62,4
68.376
1.338.673
36,883
722, 760
68,376
1,338,673
36,883
722, 760
Induded in the above. are redundancy payments of £5,559 12023.. £NII) and ￿verance payments of
£B.g78 {2023.. £Nill paid out to 1 m8mb8r of Staff.
Page 31

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Staff costs (contlnued}
The average number of Fersons employed by the Charty during the year was as follows:
Group
2024
No.
Group
2023
Charitable acbvrfies
Support staff
13
10
22
18
The number of employees whose emFA¢)yee berÉffts (exduding empk*yer Pens￿ cost51 exceeded
£60.(XQ wa8..
Group
2024
Group
2023
In the band £80,001- £70.CrfJO
In the band £70.001- £80,000
In the band £80.C#J1 - £90,000
In the band £100.001- £110,000
In the band £110.001 - £120.000
Included wlhin staff cosls. lotal stsff benefits paid to key management personngl in the year were
£597,07712023= £212,000)
11. Trustso8' remuneratlon and expenses
During the year, rKJ Trustee$ re¢efved any remuneration or other benefits (2023- £NIL}.
During the year ended 31 March 2024, expenses tolalling £4,982 were reimburs8d or paid diredy to 6
TTuste8s (2023 - £10,495 to 5 Trusfegsj. The expenses in the year w919 for revnbursement of travel
expenses.
P¥32

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEME1￿s
FOR THE YEAR ENDED 31 hlARCH 2024
12. Int•nglbl• au•ts
Group and Charity
Comput•r
software
Cost
At 1 April 2023
AdditKins
211667
71.290
At 31 Marth 2024
286,947
Amortlsatlon
At 1 April 2023
Charge for the year
171,724
42,932
At 31 Marth 2024
214656
Net book Yalu•
At 31 Marth 2024
71,291
At 31 M8rch 2023
42,933
Pagg 33

THE ENGLI8H4PEAKING UNIOM OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tanglble flxgd asgts
Group and Chaiity
Freehold
propèrty
Plant and Fjxturgs and
Computer
m•chlnery
fittIn￿ equlpmont
To141
Cost or valuatloD
Al 1 April 2023
Addititsns
16,900.000
1.162.871
5,5
67.215
33.989 18.102,456
7,159
74,374
At 31 March 2024
16,900,000
1,112,871
72,810
41,148 18,176,829
Depreclatlon
At 1 April 2023
Charge for the year
637.376
75,938
186
10.176
8,617
647,737
91.066
6.501
At 31 March 2024
713.313
18.793
738,793
N•t book valug
At 31 March 2024
16,900,000
449,658
66,123
22,366 17.438.038
Al 31 March 2023
16,900.OQO
525,496
5,409
23,813 17,454,T18
The freehold property was last formalty valued by Cushman & Wakefield as at 31 Marth 2023. The
Truste8$ ¢on$idw th¢ property value lo have ￿mained con&stent as al 31 March 2024.
14.
Investment propety
Group and Charlty
Freehold
Investment
property
Valuatlon
At 1 Aprfl 2023
28,500,000
At 31 March 2024
28.600.000
Th8 investment property was last formally valued by Cushman & W8keleld as at 31 March 2023. The
Trusts08 consider the propety value to have remained consistent as al 31 March 2024.
Page 34

THE ENGUSH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Heritage assets
Group •nd Chorlty
Assets recognlsed at cost
Artwork &
Maceg
2024
Totsl
2024
Carying value at 1 April 2023
Revaluations
726,200
67,000
726,200
67.000
793,200
793,200
16. Fixed asset Investments
Llsted
Invmtments
Group and Charlty
Cost or valuatk*n
At 1 Aprl 2023
Addit￿n$
Revaluations
2A71,435
150.01)O
206.178
At 31 Ma￿h 2024
2,826,613
Met book valuo
At 31 PAarch 2024
2,826,613
At 31 Ma￿h 2023
2,471.435
Pagg 35

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Debtors
Group
2024
Group
2023
Charrty
2024
Charity
2023
Duo w5thIn one year
Tradg dgblors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued Income
183.940
115,855
5,920
130,34S
30,744
161.849
9. 102
30,744
169.656
108.678
71.452
71,452
384,339
187,307
333.858
189,232
18. Current as$et investments
Group
2024
Gmup
2023
Charlty
2024
Charity
2023
Addibons
1,000.01)O
1,000.000
1.000.000
1,000,000
19. CredltQfs: Amounts falllng du• ￿thIn onè year
Group
2024
Group
2023
charlty
2024
Charity
2023
Bank overdrafts
PayTrents received on ac￿Unt
Trade credrtors
Amounts owed to group undertakings
Other laxatron and social ￿￿rty
Other credltors
Accruals and deferied Incoma
219
35,047
46,985
99
35,047
46,985
102.346
63
12.956
167.118
12,956
167,118
30.637
25,218
482.678
20,417
63
26,218
402.408
450, 151
383.724
718,626
552,819
607.879
568.264
Pag8 36

THE ENGUSH-SPEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Statemont of funds
Statemèrt of funds - currnnt year
Balanc• •t
31 March
2024
Balancè èt I
Aprll 2023
Transfers
Galn81
Inlout ILos$o$1
Income Expendlthrv
Unrestrfct•d funds
Deslgnatsd funds
Designated Funds
Repairs FL￿d
37,500,1TI
37,600.177
125,000
125,000
37.500,177
126.000
37.626.177
Genernl funds
General Fund¥
Trading funds
RevalLth'on reserve
4.637,599
18.520
7,900.000
1,762.174 12.627.326)
228.366
870.305
1516,9401 1363,360)
257.229
4,358,041
18.520
7,900.OOD
12,566.119
2,632,479 13,044.2661 (125.000) 257,229 12,275,561
Totsl Unreslricted
funds
50.056296
2.632A79 13,044268)
267,229 49.901.738
Endowm•nt funds
Expondable
endo￿nent
Pemianenl
endowment
218,731
1115,629}
103.406
219.623
2,076
115001
219,099
438.254
2,380
1118.129)
322.606
Page 37

THE ENGLISH4PEAKING UNION OF THE COMMON¥¥EALTH
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31 MARCH 2024
Statement of funds (continu￿>
Balance at
31 March
2024
Balance at 1
Aptll 2023
Trnnsfèrn
Galnyl
Inlout (Losses)
Income Expendlture
R¢strl¢t¢d funds
Branth funds
51,576
1,338
{S11
52,863
Exchange
programmes
Fellowship fvnds
Educaticffl fLmds
Music fln
Scholarship fund8
33,368
176,081
68.607
23.487
307.8S2
33.368
134,402
68,507
20.477
289.318
110,084
(162,177)
414
396
{3,406
(26,800
660.871
119,083
1181.433
414
688.935
Totsl of funds
61.146,421
2,763.942 13.343.828)
267,643 80.813.178
Page 38

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Stalom•nt of fund$ {¢ontinu•dl
Desi nated Funds
These gre funds deslgnoted for practical purposes. The use of designated fvnds remalns al the
discreticn of tt)e Trustees.
Endowment Funds
ndable endowm8nls
American Memorial Chapol Travel Fund- Travel scholarships for clgrgy befvfftn the UK and the USA
Westbury Preston Memorial Education Fund - Used to provide exchange Vi￿t5 by students or teachers
thin the Commonwealth OT be￿n the Commonwealth and USA.
Malllnson Memorial Fund- woo¢jb￿rI¢ln9 and bookLxndlng srtK*larships.
Pemanenl endovAnent
P W Minet American Education Scholarshlp Fund - Teaching Stholarships for lecturers or teach8rs to
travèl lo the USA to Study a Spectffc aspect of education.
P W Minet Community Benefit Fund- Travel awards to enable Indlvlduals wlh professional qualifications
ag8d 25 to 45 to travel outside the UK for the benefit of theii ovm communitj.es and those they visit.
Education Endowment Fun¢>Teachers- Travel 8d)olarship8 for teachers b8ttve8n the UK ar￿ the USA.
Chartotte Bonham-carter Musie Scholarship FuThJ - Fcf Ihg provisic￿ of MUS￿ scholarships lo Yale
Unlver81ty.
trktgd F
Braneh fu
Nurses Work Shadow Fund- Used lo lund educ8tion al branth level.
Cartbom-Llnconshlre branch funds- Used to fund educatlon al branch level.
1086-Hastings Branch Funds- Used to fund educat￿ al branch level.
Exchan
lunds
C E Eckersley EdurAb'onal Fund - U$gd lo provide grants to foreign students studyng E￿J11Sh.
Walter Annenburg Fund- Donated for the purFose ofAnglcAmeTican exdBnges.
Fellow
The Lindgmann Fellowship Fund - Provides fellowship awards to enable UK sdanlests to undertake
research programmes in the USA.
Pago 39

THE ENGLISH4PEAKING UNION OF THE COMMONYIEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR TPIE YEAR ENDED 31 ￿RGH 2024
20. Ststement of funds Iconllnuedl
Edutslion funds
P W Minot American Education Scholarship Income Fund - Te8chlng $tholarshlps Ic* leclurers or
teachers lo travel to the USA to study a spec4fic aspect of education.
P W Mlnet Communlty 8enefll Income Fund - Travel awards to enable individuals wrfti professional
qual5tlcab.ons aged 25 to 45 to travel OLtside the UK for Ihe benefft of their own communf(ies aThJ those
they visit.
C Bonham-carter Scholarship Fund- For the provision of sclK*larships.
Education Endowment income Fund- Travel 8chotar8hip8 for teachers belween the UK and the USA.
Mugclunds
The Ravinia Scholarship FurKI- Aw8ids to enable tslented musicAans10 8tsnd the Ravinia Fgstival.
Muslc Fund- mu8lc scholar8hlps In the UK.
Belinda Nom8n-BuUer Music Fund- For music scholarships in the UK.
Scholarshl funds
Branches.Stholar5hips- For branch level scholarships.
John Rcl)erts Travel Sch￿arShiP FuThJ - Fund Is In respect of travol scholarship8 for Lln¢oln$hire
stud8nts.
Mi(*ael Graydon Stholarship Fund - Award lo aid oarmatkad ESU gdLKational work for the LincolnBhire
branch.
Charfotte Bonham-carter M￿¢ Scholarship Income Fund- For the provision of music scholarships.
Chestsr S¢holarship fund - Award for scholarshlps & other charitable activities in Chester.
Chitton Art History Stholarship Fund- Supkx)rts an annual art history scholarship placement al Cmsties.
Page 40

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMEirrs
FOR THE YEAR ENDED 31 P4lARCH 2024
20.
Ststsmont of funds lcontln￿dI
ststement of lunds - wloryear
Ba18nc8 81
31 Mor¢h
2023
Balence 81
l Aprfl 2022
Trdnsfers
Gain
(LO￿S)
Inco￿ Expendilufp
Unrestrictfjd
funds
D05ignat8d
funds
Designated
Funds
37,996,427
800
(497,0￿1)
37,500, 177
Generdl funds
General Funds
Trading funds
Rev8luation
reseNe
3.554,416
18.520
1.649. 131
797,570
(1,368, 741)
895.997
(398.623) (398,947)
(93,204) 4.637.599
18,520
7,900.000 7,900,oc
3,572,936
2.446. 701 (1, 767,364)
497,050
7,806,796 12,556. 119
Total
Unrestrkled
funds
41,569,363
2,447,5Ql (1,767,364)
7,806, 796 50,056,296
Erbdowment
funds
Exwndable
endovhnent
Pornianont
endowment
283.255
2,433
(66,957)
214731
219.523
219,523
502, 778
2,433
(66,957)
438,2S4
Page41

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Slatement of fund• (contlnued
8818nce 81
31 Ma￿h
2023
Balance 51
l Apiil 2022
Tronsfe
in/0
Gain
(LLxw8)
Incon￿ Expendlture
R•strlctod
fund$
Branch funds
Exchange
programmos
Fell¢)wship fund5
Education fvnds
Music funds
Scholarship
funds
52. 78Q
577
(I,CQO)
(781)
51,576
33,
257,853
58, 745
26.388
386
74,552
678
288
(522)
26,741
(916)
(39Q)
33,368
176,081
58,5Q7
23,486
(183.065)
(2,800)
337, 141
6. 762
(25,051)
(4,999)
307,853
760,411
83.243
{2t 1.916)
19, 133
650.871
Totsl of funds
42.832.552
2.533. 177 f2.046,237)
T.825.929 51, 145.421
21. Anatysl$ of not assets between funds
Anatysls of net assets between funds- current perlod
Endowment R￿trkted Unrestrict
nds
funds
funds
2024
2024
2024
Total
funds
2024
Tangible fixed assets
Intsngible fixed 8s5ets
Fixed asset investments
Investment property
Heritsge ass&ts
Current assets
Creditors wthin one year
17.438.036 17A38.036
71,291
71,291
1,915,173
2.826,613
28,500,000 Z8.600,000
793.2¢)0
793.200
1.902.563
1,902,$63
(718.525) 1718,525)
322.505
588.935
Total
322,505
588,935 49,901,738 50.813.178
Page 42

THE ENGUSH4PEAKING UNIOM OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMETrrrs
FOR THE YEAR ENDED 31 MARCH 2024
21. Anatyslg of net assets between funds {contlnued
Anal￿13 of net assets between fvnds- prfor perfod
Endowmenl
funds
2023
Restrictsd Unre*nGtgd
funds
lunds
2023
2023
Total
funds
2023
Tangible fixed assets
Irttangible fixed assets
Fixed as$el investments
Invèslmenl propety
Heritage a35èts
Current gssets
Creditors wthin one year
17,454, 7t8 IT,454, 778
42,933
42,933
1,382,310
2,471,435
28.500,000 28,500,0
726,200
726,2LX)
2.502,954
2,￿2,954
(552.819) (552,819)
438,254
650,871
Total
438.254
650.871 50,056,296 51, 145,421
22. Récon¢lll•tlon of net movement In funds to ngt ¢ash flow from op¢ratlng a¢tlvlti88
Group
2024
Group
2023
Net inGomelexpenditure for the period las per Statement of Financial
Actiwtiesl
1399.2431
412,866
Adjustmgnts for:
Depreciation charges
Amortisation charges
GainslOos5es) on investments
Dividend5, interests and rents from investments
Decrease/lincrease} in debtors
Increase in credilors
91,OS6
42,932
1205.1781
181.4081
(197.0321
165.706
82,232
42,931
76,243
(56.418)
900,294
18, 184
Net cash provld•d bylluud In) opernllng actlvltles
(583.167) 1,476,332
Total debtor values hav8 tluctuated significanuy over the current and prior year from an O￿nIng po8lth?n
of £1,087k in April 2022 to £384k in March 2024. The 5ignifficanl fall of £900k in debtors in 2022123
rdates to the wllection of trad8 debts over extended periods of time following the Coronavirus pandemiG
Debtor5 increased In 2023124 by £197k as a result of rises In trade debtors, prepawnenls and accru8d
i￿OMe.
Page 43

TME ENGUSH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analy81s of caoh and ¢08h wulvalonts
Group
2024
Group
2023
Cash In hand
618.224
2,315,647
Total c•sh and Gash 8qulvalents
618.224
2.315.647
Analy8b of ¢hange8 In not debt
At 31 March
2024
2023 Ca8h flov
Cash al bank and in hand
Bank overdrafts repayable on demaTr
Liquid investments
2.316.647 11.797.423)
(219}
101
1,000,000
618,224
11181
1,IXIO,OQO
2,315,428
1797,3221 1,618,106
25.
Rèlat￿ prty transactions
The Charrty ha8 not entered irrto any related paty tr8ns8Ction during the year. nor are there ary
outstanding balance$ owing betsveen related parties and the Charity al 31 March 2024.
Post balanco sheet events
In July 2024. the p)rtfolio of fixed asset investments held in the Sarasin Endowments fund was disposed
of 8nd the sale proceeds valued at £2,888k were transferred to the Blackrock Instilulional Cash Series
sterling liquidty fiJnd. This transfer was lo ensure that the ESU funds were held in a relatively bw rlsk
holding which is easily ¢onvertible to eash and consistent wth the chanty's strategy and antlclpated c88h
flow requirements over the medium temi.
Page 44

THE ENGLISH4PEAKING UNION OF THE COMMONWEALTH
NOTES TO THE FINANCIAL STATEMENTS
FOR TTrIE YEAR ENDED 31 MARCH 2024
27. Principal sub8idiaries
The follt)wing were subsidiary urKlertakings of the Chaiity..
Names
Company
number
Reglstered offl¢e or prlnclpal Included In
placo of bu8ln888
consolldatlon
ESU Trading Ltd
01313561
DartmoLrth House, 37 Charfes
Street, London, W1J 5ED.
Dartmouth Housg, 37 Cha)1e8
Street, London, W1J 5ED.
Yes
ESU Dartmouth House Ltd
13074285
Yes
Thè financkgl rèsults of the sub51dlaries forthe yèar wore..
Names
Incoma Expendlture
ProfiV{Los81
I Surplusl
(Deflclt) for
the year
Net a88ets
ESU Trading Ltd
ESU Dartmouth House Ltd
566.871
303A34
1406.2641
1110,6761
160,607
192,758
18.619
Page 45