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Charity Trustees’ Report and Financial Statements

For the year ended 31 March 2021

Registered number: RC000128 Charity number: 313608

Annual Report and Financial Statements

03 President’s Report for the Year 1 April 2020 to 31 March 2021
04 Chief Executive’s Report for the Year 1 April 2020 to 31 March 2021
06 Council’s Annual Report
15 Independent auditors’ report on the ��
19 ��

20 Balance sheet

22 ��
24 ��

Annual Report and Financial Statements

President’s Report for the Year 1 April 2020 to 31 March 2021

Entering my third year as President of the Chartered College of Teaching, the professional body for teachers, I continue to feel honoured to lead �� support teachers during this hugely challenging year.

We have been working hard to celebrate, support and connect teachers, who have truly been exceptional in this period of global uncertainty. Teachers were at the front line of the COVID-19 response – continuing to support pupils despite partial school closures and enabling other key workers to carry out their roles. Our members have worked tirelessly to support children and young people during this period.

�� of research, resources and insight, much of which has been developed in the context of the COVID-19. The launch of The Education Exchange (a site where teachers and other educators globally can share their views and experiences and discuss key issues in education), Teach Together (a teacher wellbeing text message support service) and a busy programme of online webinars and events were all designed to support teachers and members during the pandemic, in addition to termly issues of our award-winning journal, Impact , and our Chartered Teacher Programme. The Chartered College focused on bringing the profession together and giving teachers a platform for their voices to be heard and their expertise to be respected. We were fortunate to have heard from a huge number of our members at our various webinars, sharing �� Education in Times of Crisis reports published by the Chartered College throughout the year have been shaped by member experiences and have been invaluable to the profession in navigating through the pandemic and looking towards the future. The organisation has also stepped up to advocate on behalf of members and the profession as a whole in the face of government guidance that has kept changing and arriving at the last minute. I know that so many teachers have appreciated the voice of the Chartered College of Teaching over the last year.

The charity has made great strides in working towards its long-term vision. We continue to �� of the Charity’s resources. The organisation has grown to over 40,000 members, which is an extraordinary achievement in just over four years. Members of the Chartered College of Teaching are now reaching over three million pupils in the UK. I am delighted that all categories of membership, including individual and group members, have decided to join and renew membership this year. We have also seen our Chartered Teacher Programme go from strength to strength, with pilots of a regional provider-based model and a leadership route to Chartered Status (funded by the Mercers’ Charitable Foundation), as well as the successful completion of a project to pilot a CPD Quality Assurance process, funded by Wellcome.

It was with great sadness that we mourned the passing of our patron, His Royal Highness, the Duke of Edinburgh K.G., K.T. in April 2021. The Chartered College was fortunate to have had a patron so keen to celebrate the work of our teachers and deeply valued their work to change lives every single day.

�� entire staff team, for their continued commitment, professionalism and dedication, which has ��

Stephen Munday FCCT President

Annual Report and Financial Statements

Chief Executive’s Report for the Year 1 April 2020 to 31 March 2021

Over the last year, COVID-19 placed unprecedented levels of pressure �� fears everyone experienced, teachers have also been supporting children, colleagues and their local communities. In light of these challenges facing the education sector and our members during the pandemic, the Chartered ��

We launched a suite of resources to support remote learning, set up a free wellbeing text service – Teach Together – for any educational professional who subscribed, published research reports on distance learning and the impact on teaching, launched the Early Career Hub for students, NQTs and mentors, and ran a range of online events to support teachers. We have also placed teachers at the heart of the conversation looking towards the future of teaching with the launch of our global platform – The Education Exchange. Throughout, the Chartered College has offered a different, non-partisan voice for teachers. We are not frightened of speaking truth to power and have spoken up on the injustice of examinations and the unacceptable delays which have prevented teachers from knowing what is going on. All of this has been driven by the views of teachers.

Membership growth and retention has remained strong this year despite pressures on the teaching community. As well as redesigning the Chartered Teacher Programme to be delivered fully online, we opened applications for our Excellence in School Leadership �� Endowment Foundation) and CPDA QA (funded by the Wellcome Trust), and the Journal Clubs project (also funded by the Wellcome Trust) continues to progress well. Four issues of Impact were published, including a whole-school special issue kindly funded by the Pears Foundation, new functions were added to MyPD and we launched our research MOOC. Our online programme of events, including regular webinars, have enabled our members to engage with their professional learning remotely. We understand the critical importance of ��

In my many online interactions with members, I have continued to be impressed by their dedication and commitment to the children and young people they teach. They have told me of the positive impact that the Chartered College of Teaching is having on celebrating, supporting and connecting teachers, particularly during this challenging time. Teachers need to be recognised for their knowledge and expertise in making a difference to the lives of young people, and the Chartered College of Teaching has been focusing on doing just that over the past year. Teachers have told me that our research, including Impact , The Early Career Framework Handbook and our Education in Times of Crisis series, has supported them to develop their expertise and knowledge of effective practice, and that membership of �� decisions for their pupils.

Annual Report and Financial Statements

I am very grateful to all of our funders and partners for their continued support of the Chartered College of Teaching. Pears Foundation continue to be an important partner and supporter, committed to the Chartered College of Teaching’s mission and vision. They supported and funded the special issue of Impact on youth social action and character education (together with the #iwill Fund) and the Teach Together text message project, as well as providing generous core funding and professional learning opportunities for our team.

We have gratefully received funding support from the Paul Hamlyn Foundation and Nord Anglia Education, who remain hugely supportive of the Chartered College of Teaching, which has enabled us to improve our member offer during this challenging environment.

The Excellence in School Leadership programme has been funded with the support of the Mercers’ Charitable Foundation. This has enabled us to develop a Chartered Teacher (Leader) �� launched. A project funded by the EEF enabled us to support more Early Career Teachers, �� Teach Together text message project supported teacher wellbeing was funded by the Helen Hamlyn Trust, Ian Armitage and Joanna Cunningham (Hoare Trustees) and Pears Foundation. We have also delivered contracts with the Wellcome Trust to deliver CPD QA and Journal Clubs projects.

In the year ahead we are focused on our Chartered Teacher Status, including our Excellence �� Practice, continuing to support our existing members and reaching more members. We are ��

Attract, convert and retain members.
�� and direction of the profession.
Accreditation programmes and projects contribute to our sustainability.
��
Develop and implement a people and culture strategy to demonstrate our values as a team and to our members.

This is not a year that anyone anticipated. But it has been a year that has shown unquestionably that our teachers deserve the thanks of all in society. No matter the obstacles our profession faces, the Chartered College will be with our teachers throughout. I continue to be hugely grateful to our committed and talented staff team who have worked tirelessly again this year to support the Chartered College of Teaching in challenging circumstances. I am very proud of how they have worked to progress the charity towards its vision and mission, and I am excited to see this continue in the year ahead.

�� Chief Executive

Council's Annual Report

Annual Report and Financial Statements

Council’s Annual Report

�� College of Teaching for the 12 months ended 31 March 2021. The comparative �� Council has adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing its �� UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

1. Legal and Administrative Information

Registered Charity No. 313608, incorporated by Royal Charter of 28 March 1849 (as amended by supplemental Charters of 15 May 1998 and 18 July 2017).

a. Governance

The Chartered College of Teaching is governed in accordance with its Charter and Bye laws and by Regulations approved by members under the terms of the Charter. The governing body of the Chartered College of Teaching is its Council which within 15 months of the receipt of the supplemental Charter was elected by its members in the United Kingdom under a rotational system, in accordance with the Bye laws. �� Vice-Presidents, a Treasurer and the President. Other committees established by the Council, notably the Finance and Risk Committee, Constitutional Committee, Membership and Regional Committee, Education, Research and Journal Committee, Remuneration Committee and the Ethics Committee (established in January 2020), conduct the detailed business of the College, with the Executive Committee having an overall co-ordinating role.

The President (Stephen Munday FCCT), the Treasurer (Marcus Richards FCCT), and the two Vice-Presidents (Professor Samantha Twiselton FCCT and Vivienne Porritt FCCT) ��

Members of the Council, who constitute the Charity Trustees, are elected or appointed in accordance with the Charter and Bye laws. The members who served on ��

Farah Ahmed (until November 2020)
Paul Barber (Chair of Constitutional Committee)
Dr Penny Barratt
Helen Blake (until November 2020)

Annual Report and Financial Statements

Dr Stephanie Burke (Chair of Education, Research and Journal Committee from December 2020)
Michael Chiles (from November 2020)
Dr Natasha Crellin
Joan Deslandes OBE (until November 2020)
Julie Harrington (from November 2020)
Clive Hill (from November 2020)
Sue Jackson
Gethyn Jones (until November 2020)
Hannah Knowles (from November 2020)
Vicki Medina
Stephen Munday (President)
Vivienne Porritt (Vice President and Chair of Remuneration Committee)
Marcus Richards (Treasurer)
Nicola Rowe
��
Jon Searle
Amarbeer Singh Gill (from November 2020)
Julia Skinner
Aimée Tinkler (Chair of Membership and Regional Committee)
Professor Samantha Twiselton (Vice President)
Ben Ward (Chair of Education, Research and Journal Committee until November 2020)
Rebecca Walker
Steve Waters
David Weston
John Willis (Chair of Finance and Risk Committee)
Hannah Wilson (until August 2020)

b. Operations

�� Chartered College of Teaching in January 2017.

The Chartered College of Teaching employs permanent staff located at the College’s �� College makes use of examiners paid modest fees for their work in examining ��

c. Address:

Pears Pavilion, Coram Campus, 41 Brunswick Square, London, WC1N 1AZ

Telephone: 020 3433 7624 Email: hello@chartered.college ��

Annual Report and Financial Statements

��

Metro Bank PLC, One Southampton Row, London WC1B 5HA

e. Auditors

Haslers, Chartered Accountants, Old Station Road, Loughton, Essex, IG10 4PL

��

The Chartered College of Teaching started as the College of Preceptors in 1846 and was incorporated by Royal Charter in 1849 as a professional membership and awarding body for teachers. On 15 May 1998, a Supplemental Charter changed its name to ‘The College of Teachers’. A further Supplemental Charter of 18 July 2017 changed its name to ‘The Chartered College of Teaching’ and facilitated a change in the College’s role to establish a more widely based independent professional body for the teaching profession by collaborating with a number of �� the educational system.

��

The Chartered College of Teaching is the professional body for the teaching profession and has the power to award the professional status of Chartered Teacher. Its charitable objects are ‘the promotion of sound learning and the improvement and ��

a. Vision and mission

The purpose of the Chartered College of Teaching is to raise the standards and status of the profession by being the professional body for teachers.

The Chartered College of Teaching’s vision is that ‘teachers are working in a researchinformed way to provide the best possible education for children and young people’.

The Chartered College of Teaching’s mission is ‘celebrating, supporting and �� Together we will raise the status of the teaching profession’.

Our activities

In the period April 2020 – March 2021 the Chartered College of Teaching established ��

The Chartered Teacher Programme

The Chartered Teacher Programme is a rigorous assessment route for expert teachers to receive recognition in the form of Chartered Status and is a key focus of the Chartered College of Teaching. 120 teachers graduated and were awarded Chartered Teacher status in March 2021. The third cohort started in 2020, with selected regional providers supporting the growth of the programme. A new route for school leaders to achieve Chartered Teacher Status was also launched in February 2021, and a short course leading to credits towards Chartered Status, the ��

Publications

We published three member-only issues of the Chartered College of Teaching’s journal, Impact , between April 2020 and March 2021, focusing on: Learning, leadership and teacher expertise (May 2020), developing evidence-informed teaching techniques to support effective learning (September 2020 – our 10th issue of the journal) and teacher recruitment, retention and progression (February 2021). We also published a special issue of Impact in November 2020 on youth social action that went to all schools in England, as well as to individual members, thanks to support and funding from Pears Foundation and #iwill Fund. In July 2020 we �� The Early Career Framework

Annual Report and Financial Statements

Handbook , working with acclaimed education and academic publishers SAGE Publishing. In addition to our print publication, 2020 saw us publish our inaugural research report series, Education in Times of Crisis, in response to the challenges brought to schools by the pandemic and consequential partial school closures.

Membership

The Chartered College of Teaching welcomed thousands of new members in the �� grown to over 40,000, including over 1,100 Fellows, with around 95% of our nonstudent members being school-based. Membership is at the heart of the Chartered College of Teaching and we continue to develop products and services to meet the needs of our members. In the last year we have endeavoured to adapt to the challenges the COVID-19 has imposed on the profession, with a wealth of digital resources available to support our members at this time.

��

From April 2020 to March 2021, in response to the social distancing and safety requirements of the pandemic, we were unable to run our local network or national face-to-face events. We therefore launched a series of online events and webinars which drive engagement for our members and across the profession. To the end of March 2021 we ran 48 online events, with nearly 25,000 total bookings. We will continue to focus on delivering content online, whilst reviewing the opportunities for face-to-face networking in the longer term. We also ran our AGM virtually in November 2020, which proved popular with those attending, and so will continue with this format in 2021.

Plans for 2021/22

�� during the context of the challenging external environment of the global pandemic. New products and services such as Teach Together, The Education Exchange and The Early Career Framework Handbook were launched to support teachers, and membership grew to over 40,000.

�� move us closer to our vision:

Attract, convert and retain members.
�� development and direction of the profession.
Accreditation programmes and projects contribute to our sustainability.
Grow additional revenue streams and operate within budget.
Develop and implement a people and culture strategy to demonstrate our values as a team and to our members.

��

Attract, convert and retain members

Membership growth accelerates with a particular focus on sustainable growth in paying membership.
Targeted marketing activity promotes the full Chartered College offering, including programmes and membership, supporting organisational growth.
Regular webinars and online events delivered for both members and non-members.
Member experience improves across our online offer.

�� and direction of the profession

Annual Report and Financial Statements

Strategy implemented to make the Chartered College’s products, programmes, events and online content more accessible, appealing and relevant to all.
��
Initial stages of the Chartered College’s research strategy are implemented.
Evaluation strategy across our products and programmes begins to map progress to organisational theory of change.
Amendments to the governance structure allows for better succession planning of Council roles.

Accreditation programmes and projects contribute to our sustainability

A scalable and commercially viable model for Chartered Status delivery is established.
Programme, project and product delivery principles are cost effective, rigorous and streamlined.

Grow additional revenue streams and operate within budget

Increased revenue through voluntary income, sponsorship, ��
�� and return on investments.
Infrastructure exists to support the continued growth of the charity.

Develop and implement a people and culture strategy to demonstrate our values as a team and to our members.

People want to join and stay at the Chartered College.
Employees are equipped to effectively manage their work and that of the Chartered College.
The Chartered College of Teaching has a strong team culture.

COVID-19

�� made amendments to improve the support to teachers during this challenging time. Our teacher wellbeing prompts service, Teach Together, supported teachers across the country with the unprecedented challenges they faced. This service was enabled by support from the Helen Hamlyn Trust, Ian Armitage and Joanna Cunningham (Hoare Trustees) and Pears Foundation, who are all partners of the Chartered College of Teaching committed to supporting teachers.

We published a review of research evidence on school closures and international approaches to education during the COVID-19 pandemic ‘ Education in Times of Crisis: The potential implications of school closures for teachers and students ’. A second report followed in July 2020, focusing on school reopening plans and potential long-term implications for education. With support from Big Change, we have also launched The Education Exchange, an innovative, one-stop digital hub to support teachers in a changing world, providing a trusted, independent, single place to go that provides up-to-date information, recognised professional learning, opportunities �� available around the world.

We moved from our planned programme of in-person networks and events to a series of online webinars and events, reaching members at all stages of their careers. We also worked with participants and providers to make necessary �� and more online content.

Annual Report and Financial Statements

With the global pandemic far from over, we plan to continue many of the new ways �� Chartered Teacher and Chartered Teacher (Leader) programme.

b. Purpose and charitable objectives

The Council has had due regard to the Charity Commission’s guidance on public �� is ‘the promotion of sound learning and the improvement and recognition of the art, �� but shall not be limited to instruction, research, and assessment.)’

�� further detailed below.

The Council ensures that adequate reserves are retained to fund any committed �� unforeseen circumstances arising. The Finance and Risk Committee and Council ��

��

The Chartered College of Teaching places high importance on the effective management of risk so that it can achieve its vision and aims. The Chartered College �� which would reduce the likelihood and impact of the risk materialising. The Executive Leadership Team is accountable for ensuring that the risk register is accurate and that the process for risk management is embedded across the organisation. The Finance and Risk Committee review risks on a quarterly basis.

There was no serious incident to report as per the requirements under the Charities Act 2011. The Chartered College of Teaching has a robust risk management framework that is strategically reviewed by the Executive on behalf of Council and is operationally managed by the CEO. During the year, the following major categories of ��

Financial and people risks related to COVID-19, including members’ time to engage with our products and services, and Chartered College of Teaching’s staff illness, absence and wellbeing. Mitigating actions comprised the development of new products and services to support members during the pandemic, an updated business continuity plan and an augmented approach to staff wellbeing.

Membership risks focusing on new membership, student teacher member conversions �� improved account management, a marketing and membership growth strategy and a student teacher engagement strategy.

Financial and reputational risks related to the growth and model of the Chartered Teacher programme. A revised model was developed to ensure robust quality assurance and a high level of participant satisfaction. In addition, we launched �� Practice, which started in February 2021.

c. Going concern

Nothing has occurred to affect the College between the closing date of the accounts and the date of their signature. It has no commitments or guarantees that require disclosure.

Annual Report and Financial Statements

4. Statement of Responsibilities of Members of Council

�� which give a true and fair view of the state of affairs of the College and of the surplus �� Council members are required to:

select suitable accounting policies and then apply them consistently
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject ��
�� inappropriate to presume that the College will continue in business.

The Council is responsible for keeping proper accounting records which disclose, with �� Charities Act. They are also responsible for safeguarding the assets of the College and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Council on 9th November 2021 and signed on their behalf by:

M Richards Treasurer

S Munday President

Independent Auditors’ Report To The Members Of The Chartered College Of Teaching

Annual Report and Financial Statements

Independent Auditors’ Report To The Members Of The Chartered College Of Teaching

Opinion

�� (the ‘charity’) for the year ended 31 March 2021 which comprise the Statement of �� framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

��

give a true and fair view of the state of the charity’s affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and ��
have been properly prepared in accordance with United Kingdom Generally ��
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further �� section of our report. We are independent of the charity in accordance with the ethical �� Kingdom, including the Financial Reporting Council’s Ethical Standard, and we have �� provide a basis for our opinion.

Conclusions relating to going concern

�� is appropriate.

�� uncertainties relating to events or conditions that, individually or collectively, may cast ��

Our responsibilities and the responsibilities of the Charity Trustees with respect to going concern are described in the relevant sections of this report.

Annual Report and Financial Statements

Other information

The other information comprises the information included in the annual report other �� are responsible for the other information contained within the annual report. Our �� to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent �� audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine �� themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

�� by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Charity Trustees’ report is inconsistent in any material ��
��
��
we have not received all the information and explanations we require for our audit.

Responsibilities of charity trustees

As explained more fully in the charity trustees’ responsibilities statement, the Charity �� are free from material misstatement, whether due to fraud or error.

�� assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Charity Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the ��

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

�� statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually ��

Annual Report and Financial Statements

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Reviewing large and unusual bank transactions.
Carrying out walkthrough testing to ensure internal controls are in place to prevent errors and fraud.
Carrying out substantive testing for income to ensure it is correctly recognised in line with the charities policy.
Carrying out substantive testing to cover authorisation of expenditure in line with ��
Scrutinising manual journals for evidence of unusual transactions.
Assessment of the appropriateness of accounting estimates.
Reviewing compliance with the relevant laws and regulations.

�� statements is located on the Financial Reporting Council’s website at: ��. This description forms part of our auditors’ report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Haslers

Chartered Accountants Statutory Auditor Old Station Road Loughton Essex IG10 4PL

Date: 10th November 2021

Haslers are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Annual Report and Financial Statements

Statement Of Financial Activities (Incorporating Income And Expenditure Account) For The Year Ended 31 March 2021

Note	Unrestricted funds 2021 (£)	Restricted funds 2021 (£)	Total funds 2021 (£)
Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds ��	134,970 1,135,465 -	737,478 - - 737,478 910,830 910,830 (173,352) 42,333 (131,019) 136,395 (131,019) 5,376	872,448 1,135,465 - 2,007,913 2,038,758 2,038,758 (30,845) - (30,845) 756,791 (30,845) 725,946
	1,270,435
	1,127,928
	1,127,928
	142,507 (42,333) 100,174 620,396 100,174 720,570

��

Annual Report and Financial Statements

Balance Sheet As At 31 March 2021

Note Fixed assets Intangible assets 11 Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Total net assets	278,357 1,181,070 1,459,427 (787,978)	2021 (£) 46,435 8,063 54,498 671,449 725,947 725,947	526,401 1,008,479 1,534,880 (841,028)	2020 (£)
				54,297 8,642
				62,939 693,852
				756,791
				756,791

Annual Report and Financial Statements

Note	2021 (£)	2020 (£)
Charity funds Restricted funds 15 Unrestricted funds 15 Total funds	5,376 720,571 725,947	136,395 620,396
		756,791

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The Charity Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to ��

�� companies regime.

��

S Munday

M Richards

Date: 10th November 2021

��

Annual Report and Financial Statements

�� For The Year Ended 31 March 2021

	2021 (£)	2020 (£)
�� Net cash used in operating activities �� Purchase of intangible assets �� Net cash used in investing activities �� �� Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	176,118 - (3,527) (3,527) - 172,591 1,008,479 1,181,070	639,434
		(12,960) (6,580)
		(19,540)

		-
		619,894 388,585
		1,008,479

��

Annual Report and Financial Statements

Notes To The Financial Statements For The Year Ended 31 March 2021

1. General information

The Chartered College of Teaching is a charity incorporated by Royal Charter in England and Wales, with a charity registration number 313608. The principal address is Pears Pavilion, Coram Campus, 41 Brunswick Square, London, WC1N 1AZ.

2. Accounting policies

2.1 ��

�� by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

�� initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

�� is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

�� and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity’s objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

��

2.5 Intangible assets and amortisation

�� cost or value of the asset can be measured reliably.

Annual Report and Financial Statements

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

The estimated useful lives are as follows:

Amortisation is provided on the following basis:

MyCollege Platform - 13% straight line

��

�� the cost or value of the asset can be measured reliably.

�� measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a ��

�� useful lives.

Depreciation is provided on the following basis:

��

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

��

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that ��

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount ��

2.10 Pensions

�� 2 December 2018.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Charity Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Charity Trustees for particular purposes. ��

�� been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the ��

Investment income, gains and losses are allocated to the appropriate fund.

Annual Report and Financial Statements

3. Income from donations and legacies

	Unrestricted funds 2021 (£)	Restricted funds 2021 (£)	Total funds 2021 (£)	Total funds 2020 (£) 18,019 1,595,540 1,613,559
Donations & Sponsorship Grants Total 2020	84,970 50,000 134,970 150,019	12,500 724,978 737,478 1,463,540	97,470 774,978 872,448 1,613,559

4. Income from charitable activities

4. Income from charitable activities
	Unrestricted funds 2021 (£)	Total funds 2021 (£)	Total funds 2020 (£)
Membership CTEACH Journal Commercial projects General Other Learning Programmes Total 2021 Total 2020	1,014,794 80,486 21,938 - 13,557 4,690	1,014,794 80,486 21,938 - 13,557 4,690	599,808 71,753 20,208 292,291 45,842 -
	1,135,465	1,135,465	1,029,902

	1,029,902	1,029,902

5. Investment income

5. Investment income
	Unrestricted funds 2021 (£)	Total funds 2021 (£) Total funds 2020 (£)
Deposit account interest Total 2020	-	- 3 3
	3

Annual Report and Financial Statements

6. Analysis of expenditure on charitable activities

Summary by fund type

Summary by fund type
	Unrestricted funds 2021 (£)	Restricted funds 2021 (£)	Total funds 2021 (£)	Total funds 2020 (£) 255,630 65,416 140,255 207,747 1,356,688 233,857 6,253 - - 2,265,846
Membership CTEACH Journal Commercial projects General �� CLEADER Other Learning Programmes Teach Together Total 2020	45,926 1,323 - - 889,661 163,693 24,733 2,592 - 1,127,928 323,154	65,071 18,718 203,736 - 333,450 204,170 68,839 - 16,846 910,830 1,942,692	110,997 20,041 203,736 - 1,223,111 367,863 93,572 2,592 16,846 2,038,758 2,265,846

7. Analysis of expenditure by activities

7. Analysis of expenditure by activities
	Activities �� directly 2021 (£)	Total funds 2021 (£)	Total funds 2020 (£)
Membership CTEACH Journal Commercial projects General �� CLEADER Other Learning Programmes Teach Together Total 2020	110,997 20,041 203,736 - 1,223,111 367,863 93,572 2,592 16,846 2,038,758 2,265,846	110,997 20,041 203,736 - 1,223,111 367,863 93,572 2,592 16,846 2,038,758 2,265,846	255,630 65,416 140,255 207,747 1,356,688 233,857 6,253 - -
			2,265,846

Annual Report and Financial Statements

Analysis of direct costs

Staff costs Depreciation and amortisation Exchange gains and losses �� Insurance IT platforms, telephone & internet Travel HR & Recruitment Consultancy Governance costs Subscriptions and educational resources Training, research & development Accountancy Events for members Journal content & mailing Legal Advertising & marketing Bank charges CTeach programme Communications Computer and software costs Other membership costs Regional networks Postage, printing and stationery �� Other expenses Project direct costs Hoare trustee expenditure	Total funds 2021 (£) 1,354,988 11,969 4,292 27,552 3,318 17,011 47 2,572 462 6,594 53,731 4,575 66,064 1,590 199,736 90 24,457 36,033 19,909 6,603 7,460 3,946 300 2,381 1,780 (7,772) 189,070 - 2,038,758	Total funds 2020 (£) 1,387,142 7,908 110 18,504 2,993 30,888 33,902 44,083 1,980 17,284 65,484 16,100 39,577 10,018 139,864 1,130 53,746 23,833 65,416 3,844 11,267 84,462 21,743 7,358 2,464 1,887 154,859 18,000 2,265,846

Annual Report and Financial Statements

8. Auditors’ remuneration

8. Auditors’ remuneration
		2021 (£)			2020 (£)
Fees payable to the charity’s auditor for the audit of the charity’s annual accounts		5,400			5,250

9. Staff costs

9. Staff costs
	2021 (£)	2020 (£)
Wages and salaries Social security costs ��	1,134,201 121,702 99,085 1,354,988	1,147,618 115,480 124,043
		1,387,141

The average number of persons employed by the charity during the year was as follows:

				2021	No.		2020	No.
Employees					29			37

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	2021 (£)	2020 (£)
In the band £70,000 - £79,999	1	2
In the band £80,001 - £90,000	1	-
In the band £140,000 - £149,999	1	1

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10. Charity Trustees’ remuneration and expenses

�� (2020 - £NIL) .

During the year ended 31 March 2021, expenses totalling £ 418 were reimbursed or paid directly to 1 Charity Trustee (2020 - £2,871 to 13 Charity Trustees) .

Annual Report and Financial Statements

11. Intangible assets

11. Intangible assets
	Computer �� 62,900 62,900 8,603 7,863 16,465 46,435 54,297
Cost At 1 April 2020 At 31 March 2021 Amortisation At 1 April 2020 Charge for the year At 31 March 2021 �� At 31 March 2021 At 31 March 2020

��

��
	�� equipment (£)
Cost or valuation At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 �� At 31 March 2021 At 31 March 2020	31,511 3,527
	35,038
	22,869 4,106
	26,975
	8,063
	8,642

Annual Report and Financial Statements

13. Debtors

13. Debtors
	2021 (£)	2020 (£)
�� Trade debtors Other debtors Prepayments and accrued income	204,185 3,177 70,995 278,357	413,197 80,952 32,252
		526,401

��

��
	2021 (£)	2020 (£)
�� Trade creditors Other taxation and social security Other creditors Accruals and deferred income	95,291 16,266 935 675,486 787,978	136,767 10,748 6,055 687,458
		841,028

Deferred income represents the apportionment of membership subscriptions and grants received to accounting periods to which they relate.

Annual Report and Financial Statements

15. Statement of funds

Statement of funds - current year

	Balance at 1 April 2020 (£)	Income (£)	Expenditure (£)	Transfers in/out (£)	Balance at 31 March 2021 (£) 5,144 715,427 720,571 - - - - - 5,376 - - - - - - - - - - 5,376 725,947
Unrestricted funds Designated funds Designated Funds - all funds General funds General Funds - all funds Total Unrestricted funds Restricted funds Paul Hamlyn Foundation Helen Hamlyn Foundation Mercers Charitable Foundation EEF Early Career Teachers Education Development Trust Early Years Wellcome Journal Club Nord Anglia Big Change Early Career Hub EdTech Demonstrator �� Pears Foundation Teach Together TLIF Accelerate NASBTT Video Production Wellcome CPDQA Total of funds	5,144 615,252 620,396 10,000 5,000 1,131 109,705 2,360 750 7,449 - - - - - - - - - 136,395 756,791	- 1,270,436 1,270,436 - - 85,570 97,000 12,500 43,045 - 95,000 5,000 3,500 10,000 94,000 40,000 15,000 10,958 225,905 737,478 2,007,914	- (1,127,928) (1,127,928) (10,000) (5,000) (122,525) (206,705) (14,860) (38,419) (6,670) (94,799) (9,223) (3,500) (10,004) (94,000) (40,000) (15,000) (14,220) (225,905) (910,830) (2,038,758)	- (42,333) (42,333) - - 35,824 - - - (779) (201) 4,223 - 4 - - - 3,262 - 42,333 -

Annual Report and Financial Statements

Statement of funds - prior year

	Balance at 1 April 2019 (£)	Income (£)	Expenditure (£)	Transfers in/out (£)	Balance at 31 March 2020 (£) 5,144 615,252 620,396
Unrestricted funds Designated funds Designated Funds - all funds General funds General Funds - all funds Total Unrestricted funds Restricted funds Department of Education £1m Department of Education £30.5k Paul Hamlyn Foundation Helen Hamlyn Foundation Mercers Charitable Foundation Hoare Trustees EEF Early Career Teachers Education Development Trust Early Years Wellcome Journal Club Nord Anglia �� Arts Council Total of funds	5,144 374,029 379,173 - - - - - - - - - - - - - 379,173	- 1,179,924 1,179,924 1,000,000 30,500 20,000 10,000 8,740 18,000 332,600 5,000 1,500 30,000 5,200 2,000 1,463,540 2,643,464	- (323,154) (323,154) (1,610,503) (35,544) (10,000) (5,000) (7,609) (18,000) (222,895) (2,640) (750) (22,551) (5,200) (2,000) (1,942,692) (2,265,846)	- (615,547) (615,547) 610,503 5,044 - - - - - - - - - - 615,547 -
					- - 10,000 5,000 1,131 - 109,705 2,360 750 7,449 - - 136,395 756,791

Annual Report and Financial Statements

Designated Funds

��

Paul Hamlyn Foundation

�� building capacity across England for up to ten providers to bid to lead CTeach training regionally

Helen Hamlyn Foundation

Growing paying membership and engaging with members

Mercers’ Charitable Foundation

Designing and piloting of a Chartered Teacher programme for school leaders

EEF Early Career Teachers

Providing an online-only model of support for early-career teachers and their mentors, training mentors in instructional coaching practice and the content of the Early Career Framework

Education Development Trust Early Years

Development of a training module for practitioners and membership of the Chartered College of Teaching

Wellcome Journal Club

Testing how journal clubs can be adapted from healthcare for education through establishing ten Science Teacher Journal Clubs

Nord Anglia

Developing and publishing a report on Teacher CPD: International trends, opportunities and challenges

Big Change

Production of a website for teachers internationally to share views and experiences

��

To support the development of the Early Career Hub platform

EdTech Demonstrator

Provision of comms and dissemination support to LGFL and the Education Foundation in their delivery of the DfE’s edtech demonstrator project

Helen Hamlyn (Winter 2020/21)

Publish mini-series of compact guides to support teachers - all internal resources

Pears Foundation

Producing and publishing a special issue of the Impact journal, focused on Social Action and Character Education

Teach Together (Helen Hamlyn, Ian Armitage and Pears)

For delivery of “Teach Together” - Setup and delivery of a teacher wellbeing text messaging service, with evaluation

TLIF Accelerate

Accelerate was a DfE-funded project we worked on for Education Development Trust, supporting early career teachers. The main programme ran 2019-20 but we were asked to extend provision into 2020-21, with a contract amendment to cover this

NASBTT Video Production

Production of 50 videos - 10 delivered at year end

Wellcome CPDQA

CPDQA was the delivery of a pilot of a CPD Quality Assurance system, commissioned and funded by Wellcome

Annual Report and Financial Statements

The following funds relate to restricted funds in the prior year. There was no income received and no expenditure made within the year in relation to these funds.

Department for Education £1m

To support continuation of The College establishing and gaining sector credibility as the independent professional body for teachers and, as such, achieve its strategic aims of:

Retaining and Growing Membership
��
Developing Products and Services

Department for Education £30,500

��

Hoare Trustees

Supporting future growth of the Chartered College of Teaching through recruitment of specialist governance expertise in ��

��

Seed corn funding for proposal for fostering multi-disciplinary approaches to evidence use across public service

Arts Council

A scoping study to determine the range of support the Chartered College of Teaching could offer their membership in relation to cultural education

At the year end, a transfer was made between restricted and unrestricted funds totalling £42,333. The reason for this �� income will be received to cover the shortfall of these.

16. Summary of funds

Summary of funds - current year

16. Summary of funds Summary of funds - current	year
	Balance at 1 April 2020 (£)	Income (£)	Expenditure (£)	Transfers in/out (£)	Balance at 31 March 2021 (£)
Designated funds General funds Restricted funds	5,144 615,252 136,395 756,791	- 1,270,436 737,478 2,007,914	- (1,127,928) (910,830) (2,038,758)	- (42,333) 42,333 -	5,144 715,427 5,376
					725,947

Summary of funds - prior year

	Balance at 1 April 2019 (£)	Income (£)	Expenditure (£)	Transfers in/out (£)	Balance at 31 March 2020 (£) 5,144 615,252 136,395 756,791
Designated funds General funds Restricted funds	5,144 374,029 - 379,173	- 1,179,924 1,463,540 2,643,464	- (323,154) (1,942,692) (2,265,846)	- (615,547) 615,547 -

Annual Report and Financial Statements

��

�� ��
	Unrestricted funds 2021 (£)	Restricted funds 2021 (£)	Total funds 2021 (£)
�� �� Current assets Creditors due within one year Total	8,063 46,435 1,454,051 (787,978) 720,571	- - 5,376 - 5,376	8,063 46,435 1,459,427 (787,978)
			725,947

��

��
	Unrestricted funds 2020 (£)	Restricted funds 2020 (£)	Total funds 2020 (£) 8,642 54,297 1,534,880 (841,028) 756,791
�� �� Current assets Creditors due within one year Total	8,642 54,297 1,398,485 (841,028) 620,396	- - 136,395 - 136,395

�� operating activities

operating activities
	2021 (£)	2020 (£)
�� Adjustments for: Depreciation charges �� �� Net cash provided by operating activities	(30,845) 11,969 248,044 (53,050) 176,118	377,618 7,908 17,738 234,814
		638,078

Annual Report and Financial Statements

19. Analysis of cash and cash equivalents

19. Analysis of cash and cash equivalents
	2021 (£)	2020 (£)
Cash in hand Total cash and cash equivalents	1,181,070 1,181,070	1,008,479
		1,008,479

20. Analysis of changes in net debt

20. Analysis of changes in net debt
	At 1 April 2020	Cash ��	At 31 March 2021
Cash at bank and in hand	1,008,479 1,008,479	172,591 172,591	1,181,070
			1,181,070

21. Pension commitments

The charity’s employees belong to two pension schemes. The charity’s primary pension scheme is NEST, a multiple�� 31 March 2016.

Contributions amounting to £1,137 were payable to the schemes at 31 March 2021 (2020: £5,265) and are included in creditors.

Teachers’ Pension Scheme

�� Scheme Regulations 2014. Membership is automatic for full-time teachers in academies and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although they are able to opt out.

The TPS is an unfunded scheme and members contribute on a ‘pay as you go’ basis - these contributions along with those �� by Parliament.

Valuation of the Teachers’ Pension Scheme

The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on �� TPS was carried out as at 31 March 2016. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are:

employer contribution rates set at 23.68% of pensionable pay (including a 0.08% administration levy)
�� effective date of £218,100 million and notional assets (estimated future contributions together with the notional ��
the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE rate is 2.4% above the rate of CPI. assumed real rate of return is 2.4% in excess of prices and 2% in excess of earnings. The rate of real earnings growth is assumed to be 2.2%. The assumed nominal rate of return including earnings growth is 4.45%.

The next valuation result is due to be implemented from 1 April 2023.

The employer’s pension costs paid to TPS in the year amounted to £25,181 (2020: £124,043).

A copy of the valuation report and supporting documentation is on the Teachers’ Pensions website.

Annual Report and Financial Statements

��

22. Operating lease commitments

At 31 March 2021 the charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

	2021 (£)	2020 (£)
Not later than 1 year	25,668
		25,668

23. Related party transactions

The activities of the Chartered College of Teaching were previously undertaken by C.O.T Start-Up Company Limited (formerly College of Teaching Limited), an incorporated charity with Trustees in common. During the prior period, the Chartered College of Teaching took on the activities of the charitable company.

Donations totalling £34,924 were received from C.O.T Start-Up Company Limited in the year 31 March 2021 (2020: £0).

��

	2021 (£)	2020 (£)
C.O.T Start Up Company Limited	- -	76,375
		76,375

Join the Chartered College of Teaching chartered.college

Pears Pavilion Coram Campus �� London WC1N 1AZ

hello@chartered.college

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The Chartered College of Teaching is incorporated by Royal Charter, charity no. 313608.

Designed and typeset by Alchemy Mill.

2021-03-31-accounts

Charity Trustees’ Report and Financial Statements

Contents

20 Balance sheet

President’s Report for the Year 1 April 2020 to 31 March 2021

Chief Executive’s Report for the Year 1 April 2020 to 31 March 2021

Council’s Annual Report

1. Legal and Administrative Information

a. Governance

b. Operations

c. Address:

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e. Auditors

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a. Vision and mission

Our activities

The Chartered Teacher Programme

Publications

Membership

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Plans for 2021/22

COVID-19

b. Purpose and charitable objectives

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c. Going concern

4. Statement of Responsibilities of Members of Council

Independent Auditors’ Report To The Members Of The Chartered College Of Teaching

Independent Auditors’ Report To The Members Of The Chartered College Of Teaching

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

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Responsibilities of charity trustees

Auditors’ responsibilities for the audit of the �������������������

Use of our report

Haslers

Statement Of Financial Activities (Incorporating Income And Expenditure Account) For The Year Ended 31 March 2021

Balance Sheet As At 31 March 2021

S Munday

M Richards

������������������������ For The Year Ended 31 March 2021

Notes To The Financial Statements For The Year Ended 31 March 2021

1. General information

2. Accounting policies

2.1 �������������������������������������������

2.2 Income

2.3 Expenditure

2.4 Interest receivable

2.5 Intangible assets and amortisation

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2.7 Debtors

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2.9 Liabilities and provisions

2.10 Pensions

2.11 Fund accounting

3. Income from donations and legacies

4. Income from charitable activities

5. Investment income

6. Analysis of expenditure on charitable activities

Summary by fund type

7. Analysis of expenditure by activities

Analysis of direct costs

8. Auditors’ remuneration

9. Staff costs

10. Charity Trustees’ remuneration and expenses

11. Intangible assets

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13. Debtors

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15. Statement of funds

Statement of funds - current year

Statement of funds - prior year

Designated Funds

Paul Hamlyn Foundation

Helen Hamlyn Foundation

Mercers’ Charitable Foundation

EEF Early Career Teachers

Education Development Trust Early Years

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�� by exception

Auditors’ responsibilities for the audit of the ��

�� For The Year Ended 31 March 2021

2.1 ��

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�� operating activities

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