OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Company number: 2466244 Charity number: 803031

The English & Media Centre

(A Charity Company Limited by Guarantee, company number 2466244)

Audited Financial Statements

and Trustees' Report

for the year ended 31 March 2023

AT The English & Media Centre

(A Charity Company Limited by Guarantee, company number 2466244)

Index to the Financial Statements for the year ended 31 March 2023

Page
Index to the Financial Statements 2
Charity Information 3
Trustees' Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Auditors' Report 8 - 10
Statement of Financial Activities 11
Statement of Financial Position 12
Statement of Cash Flows 13
Accounting Policies 14 - 15
Notes to the Accounts 16 - 20

Page 2

AT The English & Media Centre (A Charity Company Limited by Guarantee, company number 2466244)

Charity Information for the year ended 31 March 2023

Status: The English & Media Centre is a company limited by guarantee and a registered charity The English & Media Centre is a company limited by guarantee and a registered charity
governed by its memorandum and articles of association. The directors of the charity are its
trustees for the purposes of charity law and throughout this report are collectively referred to
as the trustees.
Charity name: The English & Media Centre
Company registration number: 2466244
England & Wales
Charity registration number: 803031
Registered office: 18 Compton Terrace
London N1 2UN
Operations address: 18 Compton Terrace
London N1 2UN
Trustees who held office V. Gupta
during the year: R. Long
M. Marshall
K. Miah
M. Shah
D. B. Sheppard - Resigned 13 June 2022
L. Worsley
S. Johnson
L. Socrates
Chairperson: L. Worsley
Secretary: A. McCallum
Executive Director: A. McCallum
Senior Statutory Auditor: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Bankers: National Westminster Bank Plc
166 Camden High Street
London NW1 0NS
0
CCLA Investment Management Ltd
COIF Charity Funds
Senator House
85 Queen Victoria Street
London EC4V 4ET

Page 3

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Trustees' Report, incorporating the Director's Report for the year ended 31 March 2023

The Trustees of the The English & Media Centre present their report together with the financial statements for the year ended 31 March 2023.

Principal activity

The principal activities of the charity in the year under review were those of the provision of in-service training in language, literature, and media to Secondary English teachers and the publication of classroom teaching materials.

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3.

Structure, governance and management

Governing document

The English & Media Centre is a company limited by guarantee, incorporated on 2 February 1990. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Risk mitigation

The board has examined the principal areas of the charity's operations and considered the major risks which may arise in each of these areas. In the opinion of the trustees the charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.

The scope and nature of the work of the English & Media Centre

The English and Media Centre is an independent development centre supporting and serving secondary English and Media teachers and the wider English teaching community, through professional development courses, consultancy and classroom resources.

We aim to develop and disseminate best practice and innovative approaches to language, literature and media, in all their forms, including new literacies and technologies. We support teachers in helping their students to become confident, articulate, critical and creative readers and writers. Our work draws on our close connections with teachers, making them colleagues, not just customers.

Our approach combines creativity with rigour and we value our reputation for expertise and quality. We aim both to answer the practical needs of teachers and offer expert, informed advice.

As a not-for-profit voluntary sector organisation we are unique in being able to bring together publishing, CPD, projects and consultancy and to stand up for the very best in English and Media teaching.

The profile of the Centre in the school system

We continue to have a high profile among secondary English and Media teachers in the UK, with an increasing presence in debates and consultations at tertiary level. Our professional development courses are attended by over 2,000 teachers a year, while our publications reach English and Media departments in over 4,000 schools and FE colleges. Additionally, we act as consultants for department and school-focused work. We also run the subject-specialism part of a Media PGCE course for Goldsmiths College, London University, and an English PGCE for London Metropolitan University.

Teachers and students in the post-16 sector are supported by our magazines, websites and conferences. We continue to offer a lead in this area, which receives less funding and direct intervention from LA and DFE agencies than other secondary age groups.

Given the multiple readerships for each of our publications, it is reasonable to estimate that EMC publications are read and used by several hundred thousand students each year.

EMC acts as a hub for other organisations working in the field of English and Media Studies, and in related fields with links to literacy, language learning, literature, media and the arts. We continue to be invited to contribute to national discussions by various subject associations, exam boards, publishers, arts agencies and HE institutions.

Page 4

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Trustees' Report, incorporating the Director's Report for the year ended 31 March 2023

Review for the year

Overview

This was a significant year for EMC in terms of future planning. We took the decision to leave 18 Compton Terrace after over 20 years and relocate to Webber Street, SE1, from September 1st, 2023, sharing premises with the Centre for Literacy in Primary Education. This should result in considerable savings in the medium to long term, though there will be considerable costs associated with the move, particularly linked to a dilapidation clause built into the Compton Terrace lease, which is likely to be in six figures. There are designated funds in the charity’s reserves which will more than cover this.

We also took on additional staff in order to set up a research and project team, led by Lucy Hinchliffe, who increased from 2-days per week with EMC to full time. She was joined for two days per week by Katie Kibbler and Anmika Salter, who remain in schools as English teachers for the rest of the working week. The team has brought fresh energy to the Centre’s work, providing us with access to schools and an insight into how different schools are working. It’s also allowed us to have a specific focus on assessment, the main focus of the research, and an area we have long regarded as important without having the confidence to pursue it in any depth.

Fran Stowell, after over 30 years at EMC, also announced her retirement from September 2023. This led us to review our financial systems, a process also necessitated by the near completion of a new website that is fully integrated with our invoicing and datemanagement systems. In 2023/34, with assistance from Rachel Doran, who works 4-days a week for CLPE, we will switch to Xero, a cloud based accounting system, which will be integrated with our new website. We will also switch our data collection to Spirit, hosted by EdCo, our web designers. At the moment, publications are processed in Spirit, but courses and conferences in Filemaker. We are also planning to start charging and claiming back VAT. Books are vat-able at 0% meaning we can claim back VAT on any activities linked to publications. Courses and conferences are non-vatable, meaning we cannot charge VAT, nor claim it back on those activities.

The significant loss posted this year, while anticipated, shows the need for these changes. Relocating to new premises and claiming back VAT have the potential to save EMC between £60,000 and £100,000 per year. The research and projects team has the potential to generate additional income, something that will be a focus as it moves into its second year.

Publications

There was a significant dip in income of about £100,000 compared to the previous year. However, this was largely because of the significant size of sales in 2021/22. This financial year was still the second most successful financially that EMC has had. This was largely because of the policy of establishing a bank of resources that can be sold as class sets on an ongoing basis. Our anthologies and 19th century full text study editions, plus our writing workbooks, continued to sell well.

We published three new anthologies during the financial year. The Facility and Other Texts is a collection of specially commissioned pieces based on Sophocles’ Antigone, produced with financial support from the Classical Association; Poetry Playlist is a collection of about 150 contemporary poems; An Inspector Called is a collection of 15 short stories by Barbara Bleiman, each drawing on a significant text regularly taught in schools as inspiration. We don’t anticipate that these will be big sellers, but they add real range to our catalogue. Work is in progress on books that will add further to this range, including Awe and Wonder, a collection of nature writing put together in partnership with Bloom Education, and Beyond the Secret Garden, a collection of blogs by Darren Chetty and Karen Sands-O’Connor.

Magazines

We were pleased that income from magazines increased this year, despite a small price increase. This was countered by an increase in magazine costs, largely due to inflationary pressures leading to increases in the price of paper and distribution.

To mark the 100th edition of emagazine , we interviewed three leading voices in the English world and made the recordings freely available.

Courses

For the first time we ran a hybrid offer of online and in-person courses (having been entirely online since the Covid lockdown). Reassuringly, recruitment for in-person courses was strong, while we maintained good numbers online. This is an area we plan to try and expand on in the next financial year, recognising that we can run more courses than we used to with this hybrid model that has the potential to reach many more teachers than we previously could.

Conferences

We ran conferences for A Level Language students and A Level Edexcel Poems of the Decade students at Friends House, Euston, and one for Media Studies at BFI Southbank. For the first time we ran an A Level Language conference in the North of England, using conference facilities at a school in Macclesfield. All the conferences sold well and were successful. Plans for next year include increasing numbers slightly, now that anxieties about Covid have lessened.

Page 5

AT The English & Media Centre (A Charity Company Limited by Guarantee, company number 2466244)

Trustees' Report, incorporating the Director's Report for the year ended 31 March 2023

PGCEs

The Media Studies course attracted a strong field and filled to capacity. Recruitment for the English course was low and the decision was made to terminate the course at the end of the school year. Recruitment for Media for 23/24 was low for the first time, indicative of the subject not receiving a bursary, while English did, so encouraging media specialists to switch to English. With this in mind, we have liaised with Goldsmiths to run a combined English and Media course in 2024/25 which will attract the bursary.

Partnerships

We continued to collaborate with a range of organisations including NATE, MEA, CLPE, Guardian Education, Forward Arts Foundation, First Story, Teach First, OCR, the Classical Association, University English, Common English Forum, the Association of Colleges, AQA, OCR and various university PGCE departments.

Staffing

The increase in expenditure was due almost entirely to increased staffing costs. This was primarily due to setting up a research and projects team, though there were also considerable pay increases during the year. As noted, Fran Stowell announced her retirement from September 2023. A decision as to how to organise staffing in the office after that has been put on hold until new financial systems are properly in place. Work is being shared by Maria Pettersen and Becky Scambler, who are both familiar with the systems, with the changes to systems being led by Lucy Webster, as part of her website management role. Barbara Bleiman announced that as from September 2023 she is stepping down from 3-days to 2-days per week.

Trustees

The boards of trustees remained stable through the year. We ran a first joint trustees and staff Saturday morning training session, at which we reviewed the centre’s diversity and inclusion policy.

Financial Review

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows a decrease in funds for the year of £240,926 and reserves of £1,547,888.

Tangible fixed assets for use by the charity

Fixed assets are set out in Note 8 to the accounts.

Independent Auditors

The statutory auditor, A D Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for re-appointment in accordance with Section 485 of the Companies Act 2006.

Although not required, the trustees have determined that the charitable company be audited under the Companies Act 2006 for the year ended 31st March 2022 and for future years. The charity is not required to be audited under charities legislation for the year ended 31st March 2022.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The trustees acknowledge and confirm their responsibilities for preparing the financial statements and providing appropriate information to the auditors as detailed in the Statement of Trustees' Responsibilities set out on page 7.

These financial statements were approved by the Trustees on 25 January 2024 and signed on their behalf by:

L. Worsley Trustee

Page 6

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Statement of Trustees' Responsibilities for the year ended 31 March 2023

Statement of trustees' responsibilities

The trustees (who are the directors of the charity for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the trustees are aware, there is no relevant audit information of which the charitable company's auditor is unaware, and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Page 7

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Independent Auditors' Report to the Members of The English & Media Centre

We have audited the financial statements of The English & Media Centre for the year ended 31 March 2023 which comprise the Statement of Financial Activities, Statement of Financial Position, Statement of Cash Flows and the Notes to the Accounts to the Financial Statements, including a summary of significant accounting policies. The financial reporting 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).

In our opinion the financial statements:

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 described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. 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.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 8

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Independent Auditors' Report to the Members of The English & Media Centre

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company'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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors 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 or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these 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:

Taxation law and regulations applicable to charities also apply to the charitable company but it is not involved in any complex matters that increase the risk of non-compliance.

Each area of audit review includes in the audit documentation reference to potential non-compliance and awareness of potential non-compliance is embedded in our audit procedures.

Our pre-audit questionnaire specifically makes enquires about fraud and this is supported by audit documentation. We also review Board minutes to identify any matters of concern or risk. None was identified.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities . This description forms part of our Report of the Auditors.

Page 9

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Independent Auditors' Report to the Members of The English & Media Centre

Use of our report

This report is made solely to the company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Armstrong FCA (Senior Statutory Auditor) Armstrong & Co Chartered Accountants & Statutory Auditor 25 January 2024

4a Printing House Yard Hackney Road London E2 7PR

Page 10

The English & Media Centre (A Charity Company Limited by Guarantee, company number 2466244)

Statement of Financial Activities incorporating the income and expenditure account for the year ended 31 March 2023

Notes
Income from:
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Total income less total expenditure
Net gains/(losses) on investments
9
Net income/(expenditure) for the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
14
Total funds carried forward
14		 2023
2022
Total Funds
Total Funds
£
£
847,452
996,719
17,368
18,200
32,807
28,244
897,627
1,043,163
1,100,359
994,975
1,100,359
994,975
(202,732)
48,188
(38,194)
79,552
(240,926)
127,740
-
-
(240,926)
127,740
1,788,814
1,661,074
1,547,888
1,788,814
Unrestricted
~~Funds~~		 Restricted
~~Funds~~		 Endowment
~~Funds~~
£
847,452
17,368
32,807		 £
-
-
-		 £
-
-
-
897,627 - -
1,100,359 - -
1,100,359 - -
(202,732)
(38,194)		 -
-		 -
-
(240,926)
-		 -
-		 -
-
(240,926)
1,788,814		 -
-		 -
-
1,547,888 - -

There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 11

The English & Media Centre (A Charity Company Limited by Guarantee, company number 2466244)

Statement of Financial Position as at 31 March 2023

Notes
Fixed assets:
Tangible assets
8
Investments
9
Total fixed assets
Current assets:
Stocks
10
Debtors
11
Cash at bank and In hand
12
Total current assets
13
Net current assets
Total net assets
The funds of the charity:
Unrestricted funds
14
Total charity funds
14
Creditors: amounts falling due within one year		 £
£
£
£
3,874
8,672
971,998
1,010,192
975,872
1,018,864
108,114
93,366
64,797
53,309
483,935
636,961
656,846
783,636
84,830
13,686
572,016
769,950
1,547,888
1,788,814
1,547,888
1,788,814
1,547,888
1,788,814
31 March 2023
31 March 2022		 £
£
£
£
3,874
8,672
971,998
1,010,192
975,872
1,018,864
108,114
93,366
64,797
53,309
483,935
636,961
656,846
783,636
84,830
13,686
572,016
769,950
1,547,888
1,788,814
1,547,888
1,788,814
1,547,888
1,788,814
31 March 2023
31 March 2022
£
108,114
64,797
483,935
656,846
84,830		 £
8,672
1,010,192
1,018,864
769,950
1,788,814
1,788,814
1,788,814

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

These financial statements were approved by the Trustees on 25 January 2024 and signed on their behalf by:

L. Worsley Trustee

The notes on pages 14 to 20 form part of these accounts.

Page 12

The English & Media Centre

(A Charity Company Limited by Guarantee, company number 2466244)

Statement of Cash Flows for the year ended 31 March 2023

Notes
Cash flows from operating activities:
Net cash used in operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to Cash Flow Statement
1
Adjustments for:
Depreciation charges
(Gains)/losses on revaluation of investments
Dividends, interest and rents from investments
(Increase)/decrease in stocks and work in progress
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
2 Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2023
£
(185,833)
32,807
-
32,807
(153,026)
636,961
483,935
2023
£
(240,926)
4,798
38,194
(32,807)
(14,748)
(11,488)
71,144
(185,833)
2023
£
483,935
483,935		 2022
£
54,636
28,244
(11,308)
16,936
71,572
565,389
636,961
2022
£
127,740
7,302
(79,552)
(28,244)
20,837
10,054
(3,503)
54,636
2022
£
636,961
636,961

Page 13

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Accounting Policies

for the year ended 31 March 2023

Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charity meets the defination of a public benefit entity under FRS 102.

Going concern

The charity's income is mainly derived from self-generated sources such as sales of teaching materials and training courses. The trustees consider that there are no material uncertainties about the demand for, and the charity's ability to continue to provide, these services, and accordingly, the accounts have been prepared on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for once the tax reclaim has been applied for. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of premises temporarily surplus to requirement, and is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Income from property held for its rental returns is included in Investments when due.

Deferred income

Income received which is contractually or otherwise not expendable until a future period is deferred to the period in which it meets the criteria for income recognition.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Page 14

(A Charity Company Limited by Guarantee, company number 2466244)

AT The English & Media Centre

Accounting Policies

for the year ended 31 March 2023

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fittings - 20% on cost Computers & equipment - 33% on cost

Items of equipment are only capitalised where the purchase price exceeds £500.

Investments

Investments are shown in the statement of financial position at closing market value. Surpluses or deficits on valuation are credited or charged to the SOFA.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The cost of stock is made up of the direct cost of printing and collating only.

Pensions

Employees of the charity are entitled to join one of the 3 pension schemes mentioned below depending on their employment status. Future contributions to the Teachers Pension Scheme and the London Pension Funds Authority scheme are contingent on the outcome of periodic actuarial reviews undertaken by the schemes.

a) Teachers Pension Scheme

The Teachers’ Pension Scheme (TPS) is an unfunded multi-employer defined benefits pension scheme governed by the Teachers' Pensions Regulations 2010 and, from 1 April 2014, the Teachers' Pension Scheme Regulations 2014. Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The latest actuarial valuation of the TPS was carried out as at 31 March 2016 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014. The valuation report was published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent consultation are:

The new employer contribution rate was applicable from September 2019.

A copy of the valuation report and supporting documentation is on the Teachers’ Pensions website at: https://www.teacherspensions.co.uk/news/employers/2014/06/publication-of-the-valuation-report.aspx.

The assets of the TPS are held in separate trustee-administered funds. Because of the nature of the scheme, the scheme's assets are not hypothecated to individual institutions and scheme-wide contribution rates are set. The charity is therefore exposed to actuarial risks associated with other institutions’ employees and is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. Therefore, as required by FRS 17 “Retirement benefits”, the charity accounts for the scheme as if it was a defined contribution scheme. As a result, the amount charged to the statement of financial activities represents the contributions payable to the scheme in respect of the accounting period.

b) London Pensions Fund Authority (LPFA)

The LPFA was established in 1989 as a stand-alone public body, to take over the running of the former Greater London Council (GLC) Pension Fund following GLC abolition on 31st March 1986. LPFA is also responsible for the residual employer functions of the GLC, Inner London Education Authority (ILEA) (abolished on 31st March 1990) and the former London Residuary Body (LRB).

The last remaining employee in the pension scheme retired in January 2020. The pension scheme has now been closed. During 2020 a repayment was received based on the cessation valuation carried by the LPFA.

c) Defined Contribution stakeholder pension scheme

Under this scheme only the employer is required to contribute, currently at the rate of 14% (2022: 14%). Employee contributions are voluntary.

The trustees are satisfied that any foreseeable change in employer’s contributions can be budgeted for without detriment to the charity’s ongoing activities.

Page 15

(A Charity Company Limited by Guarantee, company number 2466244)

Notes to the Accounts for the year ended 31 March 2023

F The English & Media Centre

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources
Net outgoing resources
Net outgoing resources are stated after charging:
Auditors fees - audit services
Auditors fees - other services
Depreciation - owned assets
Trustees' emoluments		 2023
£
3,500
3,100
4,798
-		 2022
£
3,500
3,100
7,302
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

FRC Ethical Standard - Provisions Available for Audits of Small Entities

In common with many other charities of our size and nature we use our auditors to assist with the preparation of the financial statements and to provide advice relating to statutory and regulatory compliance.

3
Charitable activities
EMC Publics income - EducDirect
Publications - EMC SALES
Publications - Downloads
Publications - Emagazine
Publications - Media Magazine
Courses
Conferences
Consultancy - EMC Staff
Consultancy - PGCE
Miscellaneous income		 Unrestricted
£
360,577
4,129
576
145,492
52,339
169,865
41,389
12,835
57,250
3,000
847,452		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-		 2023
2022
Total
Total
£
£
360,577
468,854
4,129
122
576
19,360
145,492
133,297
52,339
47,831
169,865
159,335
41,389
37,458
12,835
9,825
57,250
109,475
3,000
11,162
847,452
996,719
Other trading activities
Copyright income
Letting income
Investments
Investment income
COIF interest received
Other interest received
Natwest bank received		 Unrestricted
£
9,568
7,800
17,368
Unrestricted
£
28,347
2,415
469
1,576
32,807		 Restricted
£
-
-
-
Restricted
£
-
-
-
-
-		 2023
Total
£
9,568
7,800
17,368
2023
Total
£
28,347
2,415
469
1,576
32,807		 2022
Total
£
10,400
7,800
18,200
2022
Total
£
27,698
47
466
33
28,244

Page 16

(A Charity Company Limited by Guarantee, company number 2466244)

F The English & Media Centre

Notes to the Accounts for the year ended 31 March 2023

6
Charitable activities
Unrestricted
£
Opening stock
93,366
Printing
64,449
Materials
1,590
Closing stock
(108,114)
#N/A
51,291
#N/A
-
Sales order processing costs (ED)
72,900
Publications - Marketing
11,543
Authors fees for EMC Titles
7,656
PGCE Costs
1,216
Courses costs
12,359
Conferences costs
28,989
Consultants - ICT running costs
26,540
Emagazine
44,824
Mediamagazine
33,105
Staff salaries
589,059
Staff training
1,433
Curates accomodation
120
Office costs
16,249
Travel & subsistence expenses
1,047
Subscriptions & affiliation
4,836
Provision for bad debts
4,780
Rent payable
91,200
Rates & services
15,721
Dilapidation costs
65,000
General expenses
1,189
Legal & professional
-
Payroll processing costs
780
Bank charges
7,124
Depreciation charge for the year
4,798
Auditor's remuneration
6,600
1,100,359
7
Staff costs
Staff salaries
Staff social security
Staff pensions
Employees paid in excess of £60,000 during the current year and previous year:
Average number of employees during the year was:		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
£
93,366
64,449
1,590
(108,114)
51,291
-
72,900
11,543
7,656
1,216
12,359
28,989
26,540
44,824
33,105
589,059
1,433
120
16,249
1,047
4,836
4,780
91,200
15,721
65,000
1,189
-
780
7,124
4,798
6,600
1,100,359
2023
£
455,341
43,096
90,621
589,059
15
1		 2022
Total
£
114,203
35,356
1,980
(93,366)
58,173
-
118,872
16,333
26,597
1,977
8,236
22,773
27,036
38,889
29,635
483,827
817
-
13,531
318
3,490
14,898
80,000
25,555
-
180
40
690
9,206
7,302
6,600
994,975
2022
£
376,812
33,317
73,697
483,827
13
1

The number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards were as follows:

£60,000 upwards were as follows:
No of employees
Band 2023 2022
£60,000 to £69,999 - -
£70,000 to £79,999 1 1

The charity considers its key management personnel to be the trustees and the executive director. The total employment benefits (including employer pension contributions) of the key management personnel were £91,853 (2022: £89,316). No remuneration was paid to any trustee or their associates for services as a trustee during the year ended 31 March 2023 nor to 31 March 2022.

Page 17

(A Charity Company Limited by Guarantee, company number 2466244)

F The English & Media Centre

Notes to the Accounts for the year ended 31 March 2023

8
Tangible fixed assets
Tangible 1
Premises
Improvements
Plant &
machinery
£
£
£
Cost
As at 1 April 2022
-
-
-
As at 31 March 2023
-
-
-
Depreciation
As at 1 April 2022
-
-
-
Charge for the year
-
-
-
As at 31 March 2023
-
-
-
Net book value
As at 31 March 2023
-
-
-
As at 31 March 2022
-
-
-
9
Investments
CCLA - Mary
Bastow - #3
CCLA - Mary
Bastow - #2
Market value
As at 1 April 2022
-
-
Revaluations
-
-
As at 31 March 2023
-
-
Historical value at at 31 March 2023		 Furniture &
fittings
£
42,458
42,458
42,458
-
42,458
-
-
UK listed
equities
£
1,554
(26)
1,528
-		 Computers &
equipment
£
197,367
197,367
188,695
4,798
193,493
3,874
8,672
COIF managed
funds
£
1,008,638
(38,168)
970,470
477,393		 Total
£
239,825
239,825
231,153
4,798
235,951
3,874
8,672
Total
£
1,010,192
(38,194)
971,998
477,393
UK listed equities The charity holds 1,148 ordinary shares in Barclays PLC which it received on 26 October 2000
in exchange for its holdings in Woolwich Plc under the takeover of the Woolwich by Barclays
PLC. The Woolwich shares were received when the buildingsocietyconverted to a bank.
COIF managed funds These investments are held in funds managed by CCLA Investment Management Limited on
behalf of COIF CharityFunds.

10 Stocks

Stocks
Stock - publications
Debtors: amounts falling due within one year
EMC Publication Education Direct
Emagazine debtors
Media Magazine debtors
Course debtors
Conferences debtors
Other debtors
Prepayments
Bank and cash in hand
Bank current account
EMC Publications account
COIF Charity Deposit Fund
Bank of Cyprus UK account		 2023
£
108,114
108,114
2023
£
16,791
2,925
2,145
11,750
5,003
15,556
10,627
64,797
2023
£
331,073
1,156
151,706
-
483,935		 2022
£
93,366
93,366
2022
£
19,187
2,988
978
3,041
2,872
1,400
22,843
53,309
2022
£
425,868
5,020
121,073
85,000
636,961

11 Debtors: amounts falling due within one year

12 Bank and cash in hand

Page 18

(A Charity Company Limited by Guarantee, company number 2466244)

F The English & Media Centre

Notes to the Accounts

for the year ended 31 March 2023

13
14
15
16
**17 **		 Creditors: amounts falling due within one year
Trade creditors
Payroll taxes
Pensions payable
Net salaries control
Accruals
Receipts in advance
The funds of the charity - current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
The funds of the charity - prior year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
Designated funds - current year
Building fund
Designated funds - prior year
Building fund		 Creditors: amounts falling due within one year
Trade creditors
Payroll taxes
Pensions payable
Net salaries control
Accruals
Receipts in advance
The funds of the charity - current year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
The funds of the charity - prior year
Restricted funds
Restricted income funds
Unrestricted funds
Designated funds
General funds
Total unrestricted funds
Designated funds - current year
Building fund
Designated funds - prior year
Building fund		 Opening balance
£
-
296,208
1,492,606
1,788,814
1,788,814
Opening balance
£
-
296,208
1,364,864
1,661,072
1,661,072
Opening balance
£
296,208
296,208
Opening balance
£
296,208
296,208		 Resources
arising
£
-
-
897,627
897,627
897,627
Resources
arising
£
-
-
1,043,163
1,043,163
1,043,163
Resources
arising
£
-
-
Resources
arising
£
-
-		 Resources
utilised
£
-
-
(1,100,359)
(1,100,359)
(1,100,359)
Resources
utilised
£
-
-
(994,975)
(994,975)
(994,975)
Resources
utilised
£
-
-
Resources
utilised
£
-
-		 2023
£
4,278
(532)
759
800
73,380
6,145
84,830
Other
movements
£
-
-
(38,194)
(38,194)
(38,194)
Other
movements
£
-
-
79,552
79,552
79,552
Transfers &
adjustments
£
-
-
Transfers &
adjustments
£
-
-		 2022
£
5,736
(532)
349
(357)
6,600
1,890
13,686
Closing
balance
£
-
296,208
1,251,680
1,547,888
1,547,888
Closing
balance
£
-
296,208
1,492,604
1,788,812
1,788,812
Closing
balance
£
296,208
296,208
Closing
balance
£
296,208
296,208
Building fund The building fund has been set up to provide funds for the charity to move to new
either by purchase or leasing.		 premises,
18 Net assets attributable to funds - current year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General funds
679,664
656,846
(84,830)
1,251,680		 Designated
funds
£
296,208
-
-
296,208		 Restricted
funds
£
-
-
-
-		 Endowment
funds
£
-
-
-
-		 Total
£
975,872
656,846
(84,830)
1,547,888

Page 19

(A Charity Company Limited by Guarantee, company number 2466244)

F The English & Media Centre

Notes to the Accounts

for the year ended 31 March 2023

19 Net assets attributable to funds - prior year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General funds
722,656
783,636
(13,686)
1,492,606		 Designated
funds
£
296,208
-
-
296,208		 Restricted
funds
£
-
-
-
-		 Endowment
funds
£
-
-
-
-		 Total
£
1,018,864
783,636
(13,686)
1,788,814

20 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

21 Post balance sheet events

There were no significant post balance sheet events.

22 Pension commitments

The charity contributes to both employee defined contribution (DC) stakeholder pension and employee defined benefit (DB) schemes. The assets of the schemes are held separately from those of the charity in independently administered funds.

Contributions to the schemes were as follows:

Name of Scheme
Type
DB
DB
DC
Teachers Pension Scheme (TPS)
London Pension Funds Authority (LPFA)
Other
The unpaid contributions outstanding at the year end were:		 Paid in year
Balance at
year end
Paid in year
Balance at
year end
£
£
£
£
84,185
-
69,084
-
-
-
-
-
6,436
759
4,613
349
90,621
759
73,697
349
2023
2022
£
759 £
349
2023
2022

The unpaid contributions outstanding at the year end were:

23 Other financial commitments

At 31 March 2023, the charitable company had total commitments under non-cancellable operating leases over the remaining life of those leases of £81,661 (2022: £167,171).

24 Transactions with trustees

There were no material transactions with the trustees during the year.

25 Contingent liabilities

The charity had no material contingent liabilities at 31 March 2023 nor at 31 March 2022.

26 Related parties

There were no disclosable related party transactions during the year.

27 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

Page 20