Charity registratlon number NIC107873 Company registration number N1619273 (Northern Ireland) THE CONTROLLED SCHOOLS, SUPPORT COUNCIL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Iiiiicssc Controlled Schools, Support Council
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mark Orr IKC) {Chairperson> Andrew Brovm (Dr) (Vice-chairperson) Peter Hamill (Dr) Michael callIe Catherine Chambers Paula Leitch Rosalind McFeeters Darren Mornin (Dr) Heather Murray John Anderson Marshall Kilgore Grace Trimble (Appointed 19 October 2023) (Appointed 14 December 2023) Secretsry Mark Baker Charlty number NIC107873 Company numbor N1619273 Reglstered offlce 2nd Floor, Main Building Stranmillis Road Stranmillis University College Belfast BT9 SDY Auditor Harbinson Mulholland Centrepoint 24 Ormeau Avenue Belfasl Co. Antrim Northern Ireland BT2 8HS Bankers Danske Bank Donegall Square West Belfast BT16JS Sollcitor8 A&L Goodbody Solicitors 6th Floor 42146 Fountsin Street Belfast BT15EF
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL CONTENTS Pag8 Chairperson's foreword Trustees, report 3-12 Independent audltor's report 13-16 Statement of financial activities 17 Statement of financial position 18 Statement of cash flows 19 Notes to the financial statements 20-30
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL CHAIRPERSON'S FOREWORD FOR THE YEAR ENDED 31 MARCH 2024 The Controlled Schools, Support Council {CSSCI marks a seventh year of operation as a voice on bohalf of the onlrolled sector. Controlled schools continue to experience unique challenge5 as a result of being the only sector managed by the Education Authority (EAI. and we welcomed the recognitson given lo this in the Ind8pendent Review of Education published in December. In the past year, the organisation has focused on priorilising tho need for the controlled sector to be effectively and equitably managed as recommended by the 8Uthors of the Review. As the sectoral support body for Gontrolled schools, CSSC represents 49% of all schools in Northem Ireland, including nursery schools, special schools. primary schools, secondary schools. grammar schools, integrated schools and Irish-medium schools. Any inequity in support for controlled schools impacts on the education and lrfe chances of nearly 50% of childfan being educatèd in Northern Ireland. CSSC officers have worf(ed to support the need for better aulcomes for all pupils Ihrough the provision of high-quality education. Engaging and collaborating with partners ha$ been critical to the organisatson's recent advocacy Work towards action on the inequity as well as the focu8 on over a decade of underfunding and tha impact that has. CSSC officers continLFe to empow8r controlled schools in serving their communities, listening lo the needs of school leaders, whilst highlighting the diversity and incluswity of the sector, The organisation has highlighted the need lo promote trust and resp8Ct by nurturing a collective ethos, reflectlve of the 98Ctor'5 values and culture. Council mambers. Emma Corry and Gillian Dunlop. resigned in 2023 and I'd like lo thank them on behalf of all of us for their commitment and support. I'd like to thank all the Council members and staff for their commitment to CSSC and the work they do lo ensure controlled school leaders are supported lo deliveT high quality education to over 148,000 pupils in controlled schooL8. Mark Orr KC Chairpe Date..
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Last year l expressed Conrn over the limited action following the publication of the Landscape Review of the Education Authority IEAI which highlighted the inequity resulting from 115 conflicted role as managing authority for controlled schools but seNice provider for all. Since then, the Indapendent Review of Education report - 1nvesb.ng in a Belter Future (Decernber 20231, has clearly staled and agreed with the concerns CSSC and others have been raising regarding the unique challenges being faced by controlled schools. I now have some optimism that action is being taken to address these concems. The Minister of Education has staled that he hopes to make an announcem8nl on the way controlled schools are managed this Autumn and I hope to discuss this further at our Annual General Meeting. We welcome the Minister's acknowledgement that ¢urrent arr8ngemenls have served controlled sGhool8 POOTly compared to other seGlors, and his assurance that this is going to change. CSSC will continue to share the conTrrns of controlled school leaders at all lavels. The organisations. core role is to r8presenl the interests of all controlled schools. We are working d1CtlY and collaboraliv81y with EA and the Department of Education lo move this work forward through the summer and into the next school year. There is a clear opportunity lo promote substanlbve change lo support ¢ontrolled schools 38 they 58rvo the children and young people in their communities. Early in 2024 my officers and I mot with over 100 conlrollod school leaders including Princlp81s 8nd Governors al the CSSC 'Your $¢hDol8' futuro controlling the decade, engagement •vents. We will bulld on these u$8ful conversations about tho future of controlled school$ in their changing local communities with further eng8gement in 2024-25. As promised, 8 toolkit to assist school$ in using the 2021 census data lo understand better their local communities was developed os 8 consequence ol these events and will be shared in Autumn 2024. Over th8 Sasl year CSSC continued to T8present controld schools at the hlghe¥t levels of Government including with members of the Northern Ireland Assembly and Member5 of Parliament al the Northern Ireland Affairs Committee in Westminster highlighting the significant challenges being faced but also the succes5 and quality of education provision across our schools, It remains critical that w8 all work together a5 one sector with 8 united voice focus8d on addressing th8 common challenge8 we face together. Baker f Executlve Ch Date..
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Tnjstees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been ppared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Strateglc objectives and actlvltle8 of CSSC In 2023-24 During 2022-23, CSSC updated the vision and strategic objectlves for the organisation. These 7 strategic objectives are listed below and are reported on in full for 2023-24. Moving forward in 2024-25, Council in June 2024 approved a strategy to priorftlse working towards equitable support and management of controlled schools which will be addressed through the following objectives. The lack of efficlent and effective support for controlled schools by their managing authority. the Education Authority (EA), and the need for the Landscape Review of the EA and the Independent Review of Education recommendations to be actioned as a matter of urgency. The misrepresentation and misunderstanding of the sector and the need for the sector and individual schools to clearly demonstrate their open to all ethos and their place in the local community. CSSC'S Strategic Objectlve8 2023-24 Support better outcomes for all pupils through provision of high-quality education. 2. Building understanding that the controlled sector is diverse and inclusive. 3. Promote the role controlled schools have in serving their communities. 4. Engage and collaborate with partners to ensure equitable support for the controlled sector. 5. Optimise opportunities to encourage effective govemance In controlled schools. 6. Represent the sector effectively to ensure an enduring and valued role for controlled schools within a neOrk of sustainable schools. 7. Promote trust and respect by nurturing a collective ethos, reflective of the controlled sector's values and culture. How much support dld CSSC provlde over th• year 2023-24 by each objectlve? 0.ry1.'4 'dO,''fr.._ 24Jfrt f4.ey 'a:ea,. ODJeiiQ j '•'.%*
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1. Support better outcomes for all pupils through provlsion of highquality educatlon. a. CSSC advocated in the best interests of children and young people through effective representation of the controlled sector's voice at a strategic level. b. CSSC collaborated with EA and other partners to support the raising of educational standards. and improved learning outcomes in controlled schools. c. CSSC vrforked to build the capacity of controlled school leadership through an ethos of professional reflection, effective teamwork and implementation evidence informed practice. Example$ of thls work Included: Written evidence and oral evldence submitted to publlc consultatlons including the Northern Ireland Affairs Committee's {NIAC) Inquiry's into a) funding and delivery of public services and b) Integrated Education in Northern Ireland highlighting importance of indusion, sharing and integration. CSSC representation at multi-disciplinary meetings to capture issues and pressures being faced. Engagement with controlled schools to request views to contribute to consultations for example on statutory guidance on reduction and management of restrictive practices in educational settings and Pre- School Education Amalgamation for Standardisation Pilot. Contributs'ng at various levels to represent controlled schools for example by attending DE End to End review meetings for school improvement and SEND provision, DE Strategic Policy Forum, EDIS Programme Level Stakeholders Forum and Transfonnats'onal Champion Network, DE Childcare Strategy Stakeholder Forum, EA Safeguarding Forum, Pre-school Education Group, SBNI Research Task and Finish Group, EA TIP Steering Group, and SEND Programme Reference Groups (please note this is not comprehensive list}. CSSC Erasmus+ programme completed with dissemination of learning and Intemational best practice. csscistranmillis University 2023 College Award for Excellence in Educational Research presented, and the successful project was disseminated. CSSC Sharing of Effective Practice Strategy and Implementation Plan developed, reviewed with Education and Training Inspectorate. What percentsge of 8UPPOrt did CSSC provlde by functlon? 5014 •Ao."CCO¢i 4¢£4 stBte P Jr*ir •ia s.p.g St4".di..d5 Gc'étrparcè 2?
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2. Building understsnding that the controlled sector is diverse and Inclusive. CSSC worked to address misrepresentation of the sector through advocacy and representation, promotion and raising awareness of its diverse and inclusive nature, so that it is recognised, understood and respected by schools, policy makers, key stskeholders, the media and communilles. b. CSSC supported and encouraged controlled schools to celebrate their identity, promote and showcase their schools as diverse, open to all faiths and none, reflective of, embedded in and connected to their communities. c. CSSC actively supported the fostering. enhancement and strengthening of an inclusive ethos and culture of diversity within controlled schools so that all our children and young people can reach their full potential. d. CSSC encouraged, promoted and supported shared education partnerships to facilitate respect, diversity and community cohesion. Examples of thls work Included: 10 CSSC Engagement Events entitled 'Your schools, future, eontrolllng the decade, were part of a focus8d programme of work to help controlled schools better understand their local communities using publicly available data further enabling controlled schools in understanding how they are open to all. 88 controlled schools were represented at the events held across Northem Ireland vrith 110 attendees including 77 Principals and 33 Governors. Induction event seminar held so that first tlme Principals (and the Chairperson of their Board of Governor8) understand the importance of the function, role and contribution of CSSC to their sector. and CSSC'S key strategic objectives in relation to their schools induding the need to reflect how their school is embedded in and connected to their community. CSSC provided support to schools in encouraging and promoting controlled schools, participation in shared education and provided assistance to those controlled schools in the process of transformation to controlled integrated siatus, promoting sustsinable provision across the controlled sector. Marketing, Research and Communications Strategy developed with a focus on addressing the misconceptions of the sector and promoted the inclusivity and diversity of controlled Schools including through the development of a suite of video content filmed within controlled schools. CSSC continue to engage with EA, NICIE and CnaG to ensure support for controlled schods is collaborative and efficient in utilisation of expertise and resources. What per¢entage of support dld CSSC provide by functlon? •AdvExaty • Estate Planning Echos •C-oN'ernance Raising Standards 8494
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 3. Promote the role controlled schools have in serving thelr communities. a. CSSC supported, championed and advocated for the positive engagement and collaboration that characterises this community partnership. b. CSSC encouraged and supported the building of a community network of controlled schools to enable effective cohesion and sustainable collaboration, and provision of highquality education, for the development and benefit of the controlled seGtor. Exampl68 of thls work Included: A key part of the CSSC Engagement Events Your schools, future - controlling the decade, was to further work with controlled schools to better understand their local Community including to explain the data available to schools. Substantial planning and development followed to build a 'CSSC Communlty Profiling Toolkit, as a next step to enable controlled schools to better use NISRA dats to understand their local community. A 'Collabordte, Disseminate and Celebrate. event vms held at Belfast Model School for Glrfs sharing leaming from the Erasmus Programme. What porcontage of support dld CSSC provlde by functlon? 9.&S¢.: 5.ty9-v •4dvocacy • t State Plannin9 • Eth05 56.i*.¥ 'ernJflce • Raising Standaids 4. Engage and ¢ollaborate wlth partners to ansure equltable support for the controllod Sector. CSSC advocated for a duty to consult with the organlsation on strategic matters pertaining to the controlle sector, underpinned by legislation. b. CSSC represented the interests of controlled schools by engaging with education partners on the implementation of the recommendations of the Landscape Review of EA and the Independent Review of Education. c. CSSC worked to build new and exists'ng partnerships to support the development of controlled schools and the sector. Examples of thls work included: CSSC continued to share the concerns of controlled school leaders at all levels by working directly and collaboratively with EA and DE and other relevant stskeholders in the pursuit of effective and equitable support for controlled schools. CSSC continued to contribute to collaborative work such as the THRIVE strategic partnership to raise standards within the NeQwnabbeY area and to work in partnership with Ulster University, as part of the Taking Boys Seriously project which aims for greater understsnding of effective interventions to improve outcomes for boys and young men.
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 What percentsge of support dld CSSC provlde by functlon7 E5tatÉ Plènrin9 • Eth¢s isYefnarc+ • PaiS..n9 Siai*JTds 5. Optimlse opportunltles to encourage effectlve governanc• in controlled schools. CSSC worked wlth DE, EA and the TRC to contribute to the reconstitution of Boards of Governors In controlled schools, and to malntaln and support effective school govemance. b. CSSC encouraged and facilitated the development of Govemors in understanding the important role they play in supporting school leaders to embed an inclusive ethos wrthin controlled schools, to support provision of high-quality education and enhance all aspects of school life. c. CSSC raised awareness and promoted the importance of the role of school Governors in supporting controlled school leaders and as advocates for their school within their communities, and for the controlled sector. Examples of th18 work included: Participation in planning and delivery of reconstitution of Boards of Governors throughout the year included agement of CSSC representatives and attendance at EA Governor Application Meetin9S. CSSC commitment to the reconstitution process will continue in 2024-25. CSSC members attended Board of Govemor meetlngs In controlled schools when invlted to engage on specific issues of concern. CSSC support provided to 8nhance effectiveness of govemance in controlled schools including promoting the importance of the role of school Governors in supportlng school loaders, and as advocates for thelr school and the controlled sector, within their communities. Development and delivery of ongoing Govemor development on ethos with governor development sessions focusing on ethos delivered within the year. Support given to school Governors in schools considering transfomation to integrated status. What percentage of support dld CSSC provlde by functlon? -, 6
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 6. Represent the sector effectively to ensure an enduring and valued role for controlled schools wlthin a network of sustainable schools. a. CSSC participated with educational partners in the area planning process to identify innovative, creative and shared solutions sustainable education provision. b. CSSC advocated for the needs, perspectives, ethos and long-tem sustainability of the controlled sector within area planning structures, and through the area planning process, underpinned and supported by robust evidence- based analysis. c. CSSC engaged with controlled schools participating in estate planning to provide quality support and to inform our representation of the controlled sector's views and needs, to maintain its valued position within a sustainable and equitsble educational system. Examples of thls work Included: 288 consultation engagements with 129 individual schools informed 33 responses to pre-publication and development consultations which had potential to impact on controlled schools. CSSC representation continued al area planning group meetings including Area Plannlng Steering Group (APSGI. Area Planning Working Group (APWG}, Area Planning Local Group (APLG), Pre-school Education Group (PEG), APWG Shared Education Sub-group, Integrated Education {IE) Steering Group, IE Working Group and IE Act Outcomes Based Accountability Workshops. What percentsge of support dld CSSC provlde by functlon? l stale ?lannit19 • £ttr-OS Q'J¢fnaftce Raisir,9 Standards 7. Promote trust and respect by nurturlng a collectlve othos, reflectlvo of the controlled sector's valueg and culture. a. CSSC supported controlled schools to develop, affirm and evaluate vthole school ethos, which acknowledges that which is common and shared within the sector. whilst recognising each schools, diversity and their own unique context. b. CSSC promoted and encouraged the importance of embedding of ethos, in all aspects of school life, through developing vision and values, maintaining and reinforcing effective communication, and building of positive, collaborative whole-school community relationships. Examples of thls work Included: CSSC provided support in ethos development, govemance and leadership support for controlled schools, including controlled integrated and Irish-rnedium schools.
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Leadership support provided through CSSC'S Ethos and Leadership programme including: whole school ethos development targeted leadership support for controlled schools in partnership with EA targeted coaching support for senior lesders in controlled schools and provision of systemic team coaching support school development of Trauma Informed Practice approach CSSC contributed to the EA Induction Programmes for First fime Principals and Vice Principals in controlled schools. What por¢entage of Support dld CSSC provlde by function? 1193•1 •Ad¥oca •Ertnie Planniff9 •£:hos •L"overnance 2.57' P4isiry Standard5 52A64 Flnanclal revlew The results for the year are set out on page 17 to the attached financial statements along wlth the totsl funds at tha year end. Golng concern After maklng appropriate enquiries, the Trustees have a reasonable expectatlon that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis Can be found in the accounting policies.
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management a. Key functions The Education Act (Northem Ireland) 2014 made provision for the funding of $8ctoral bodies. On 14 October 2014, during the Education Bill.. Second Stage debate, the Education Minister stated the functions of 'a new organisation to provide support for controlled schools,. Thus, the functions of CSSC are- providing a representational and advocacy role for controlled schools, including advice and support in responding to consultation exercises in respect of education policies, initiatives and schemes and in regard to relationships with DE, EA and other Departments working with schools within the sector to develop and maintain its collective ethos, including, where appropriate, a role in identifying, encouraging and nomlnating Governors and ensuring that ethos is part of employment considerations working with EA to raise educational standards participating in the planning of the schools, estste.. assessing ongoing provision within the sector., participating in area-based planning Covordinated by DE and EA, including membership of DE'S area planning steering group., engaging, where appropriate, in strategic planning processes, including community planning building cooperation and engaging with other sectors on matters of mutual Interest, including the promotion of tolerance and understanding. CSSC'S Articles of Association enable Council to provide educational and other necessary support to individual controlled schools and to controlled schools as a whole. See below link (reference debate at 4pm). It .'Ilaims.niassembl ov.ukloffici ortlre ort.as x? eveDate-2 4110114&do ID=209460#561 b. Appolntment of dlrectors The Board of Directors is constituted as follovpa. One Director elected by those members representing nursery schools attending the meeting at which the election takes place. One Director elected by those members representing special schools attending the meeting at which the election takes place. One Director elected by those members representing secondary schools attending the meeting at which the election takes place. One Director elected by those members representing grammar schools attending the meeting at which the election takes place. Two Directors elected by those representlng primary schools attending the meeting at which the election takes place. Three representatives of Transferor Representatives, Council. Four Directors vA)o have expertise of a551Stance to the charity, provided that no such Director shall be employed in the public sector but shall be supportive of the aims and objectives of the controlled seGtor. Directors are elected and appointed for four years. The Directors who served during the period were.. Mark Orr (KC) (Chairperson) Andrew Brovm (Dr) (Vice-chairperson) Peter Hamill (Dr) Michael Carville Catherine Chambers Emma Corry Gillian Dunlop Paula Leitch Rosalind McFeeters Darren Mornin (Dr) Heather Murray John Anderson (Resigned 16 November 2023) (Resigned 18 October 2023) 10-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Kenneth Twyble Marshall Kilgore Grace Trimble (Resigned 20 June 2024) (Appointed 19 October 2023) {Appointed 14 December 2023) Resigned Gillian Dunlop (with effect from 19 October 2023) Emma Corry (with effect fffjm16 November 2023) Elected Grace Trimble (with effect from 14 December 2023) CTropted Marshall Kilgore (with effect from 20 October 2023) c. Dlrector Inductlon and trainlng The Company Secretary ensures that appropriate inductlon and training is given to all Board members. d. Rlsk management and intornal control The Directors are responsible for ensurlng that an effective system of internal financial control is malntained and operated by the Council. The system of internal financial control is based on a framework of regular management information, administrative procedures and a system of delegats-on and accountsbility. The Finance and General Purposes Committee reviews the financial reports and provides assurance to Council on the budget setting process and appropriateness of expenditure ensuring CSSC remains within the Grant allocation. The Audit, Governance and Risk Committee reviews the risk register on a quarterly basis and provides assurance to Council that the CSSC risk management strategy has been implemented which is designed to minimise any potential risks identified. e. CSSC governance arranggm•nts CSSC is grant funded by DE and an annual programme of work is undertaken to deliver on behalf of the controlled sector. This sits within CSSC'S business plan which outlines priorities, objectives and resources for the year ahead. Quarterly reporting ensures that CSSC remains on target to deliver its objecb'ves. Council met ten times per year, once every month from January - June and September to December. A range of issues has been considered by Council. Education and Research Committee meets five times per year, usually the first Tuesday of every other month. Members Heather Murray {Chairperson) John Anderson (Vice chairperson) Andrew Brown (Dr) Roz McFeeters Emma Corry Darren Mornin (Dr) Gillian Dunlop The Governance, Audit and Finance Committee met every other month. Members Michael Carville (Chairperson) Catherine Chambers Paula Leitch Peter Hamill Kenneth Twyble 11
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statsmènt of trustsgs. regponsibilitles The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Actspled Accountsng Practi¢el, Company law requires the Trustees to prepare financial ststements for each financial year. Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair vièw of the slate of 8ffairs of thé Company and of ils incoming resourees and application of resoureès, including its income and expenditure. for that period. In preparing Ih6s• financial statements. the Trustees are required lo.. select suitable accounting p¢li¢ies and then apply them consislenlly.. observe the methods and principles of the ChaTilies SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prud8nl', slate whether applicable UK Accounting Standard5 IFRS 1021 have been followed, subject lo any malarial departures disclosed and explained in the financial statements", prepare the financial statements on a going concern basis unless it is inapproprialo lo presume that the Company will continuo in business. The Trustees are re$ponsib5e for keepin9 ad8quale accounting records that are sufficient lo show and explain the Company's transactions and disclose with reasonable aG¢uracy al any b'me the financial posltion of the Company and enable them lo ensure that the financial statements comply with the Compani8s Act 2008. They are also responsible for safeguarding the as8915 of tha Company and hence for 18kin9 reasonable slaps foT the prevention and detection of ffaud and other irregulariligs. Audltor In accord8nce with the company'8 articles, a resolution proposing that Harfoinson Mulholland be reappointed as auditor of the company will be pul al a General Meeting. The Iruslees, report wa8 approved by the Board of Tru5tg8$. Mark Orr Trusteo Dale.. 12
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CONTROLLED SCHOOLS, SUPPORT COUNCIL Opinion We have audited the financial statements of The Controlled Schools, Support Council (the 'Charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including 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 Accounts'ng Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and hav8 been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Stsndards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs spOnsibl11t1@S for Ihe audit ol the financial stalements section of our report. We are independent of the Charity 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 spOnsIbl[1ti8s in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provid8 a basis for our opinion. Concluslons relatlng to golng concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you were: the directors, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate-, or the directors have not disclosed in the financial statements any identified material uncertalnties that may cast significant doubt about the group's or the parent company's ability to continue to adopt the going concem basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other Informatlon The other informatlon comprises the information Included in the Directors, Report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, 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 infomation and, in doing so, consider whether the other informats'on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such matenal inconsistencies or apparent material misststements. we are required to detemine whether there is a material misstatement in the financial statements or a material misstatement of the other infomiation. If, based on the work we have performed, we conclude that th8re is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. 13-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CONTROLLED SCHOOLS, SUPPORT COUNCIL Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the Charitable company and its environment obtained in the course of the audit, we have not id8ntified material misstatements in the Strategic Report and th8 Directors, Report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports} Regulations 2008 require us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns., or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responslbllltles of Trusteas As explained more fully in the statement of trustees, responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, ar8 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 Trustees determine 15 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 Trustees are responsible for assessing the Charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responsibllltles for the audit of the flnanclal Statements Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditols 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 or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il YNM.frc.org.ukl8uditorsresponsibilities. This description fom)s part of our auditor's report. 14-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE CONTROLLED SCHOOLS, SUPPORT COUNCIL Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competen, apabilities and skills to identify or recognise non-compliance with applicable laws and regulations: we identified the laws and regulations applicable to the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of the sector,, We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and identified law5 and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of rnanagement as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the r15k of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual Iransactions, assessed whether judgements and assumptions made in determining the accountin9 estirnates sel out in Note 2 were indicative of polential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentaticn., • reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential liligation and claim5', and reviewing correspondence with HMRC and the company's legal advisors. There are inherent limitations in our audil procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations to enquiry of the directors and other management and the Inspection of regulatory and legal correspondence, rf any. 15-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CONTROLLED SCHOOLS, SUPPORT COUNCIL This report is made solely to the company's members, as a body, in accordance with section 391 of the Companies Act 2014. 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 auditorfs 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 fomied. Angela Craigan {Senlor Statutory Au Itor) for and on behalf of Harblnson Mulholland Chartered Accountants ststutory Audltor Centrepoint 24 Ormeau Avenue Belfast Co. Antrim Northem Ireland BT2 8HS 16-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrostrlctad Restricted funds funds 2024 2024 Totsl Unrestrlcted Restrlcted fvnds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Investments Other income 1,030,547 42,780 294 1,992 1,073,327 294 1,992 1,031,765 115 67,706 1,099,471 115 1,886 1,886 Total Income 1,030,547 45,066 1,075,613 1,031,880 89,592 1.101,472 endlture on: Charitable activities 1,050,045 44,059 1,094,104 1,212,025 61,979 1,274,004 Net (outgolng)Ilncoming resources {19.498) 1,007 (18,491) {180,145) 7,613 {172,532) Other recognls8d galn8 and losses Actuarial gain on defined benefit pension schemes 34,000 34,000 752,000 752,000 Net movement In funds 14,502 1,007 15,509 571,855 7,613 579,468 Fund balances at 1 April 2023 (44,240) 38,387 (5,853) {616,095) 30,774 (585,321) Fund balances at 31 March 2024 (29,738) 39,394 9,656 (44,240) 38,387 (5,853) The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the CompaniesAct 2006. 17-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notss Currenta58ets Debtors Cash at bank and in hand 14 5,262 61,571 5,507 97,867 66,833 103,374 Creditors: amounts falling due within one yoar 15 157,177) 195,2291 Nèt current a¥80ts 9,656 8,145 Provisions for Ilabllitiès 16 113,9981 Not 8••gts gxcludlng pgnslon Ilability 9.656 15,8531 Nat a680ts1{liobllltle• 9,656 15.8531 The funds of the Charlty Restricted income funds Unrestricted funds 18 39,394 129.7381 38,387 144,240) 9.656 15,8531 The company is enlilled to the exempllon from the audit requirement cont8ined in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 65 of the Charities Act (Nll 2008 The directors acknowledge their responsibilities for complying wllh the requlr8menls af the Companies A 2006 with rnspe¢t lo accounting records and the preparation of financial Statements. The members have not required the Company lo obtain an audll of its financial statemen15 under the requirements of th• Compani95 Act 2006, far the year in question in accordanco with section 476. These finan¢ial Statsmonts have been propared in a¢¢ordance with the provislons applicable to companies subject to the small ¢ompanies regime. The financial statements re approved by the Trustoes on ........ Trustee Company registration number N1619273 (Northem Ireland)
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from operatlng actlvltles Cash absorbed by operations 21 (36,590) (85,145) Investlng actlvitles Investment income received 294 115 Net cash generated from Investlng actlvttles 294 115 Net cash used In financlng actlvltle$ Not decrease In ¢ash and cash equlvalents (36,296) (65,030) Cash and cash equlvalents at beginning of year 97,867 182,897 Cash and cash equlval•nts at end of year 81,571 97,887 19-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charlty Inforniatlon The Controlled Schools. Support Council is a private company limited by guarantee incorporated in Northem Ireland. The registered office is 2nd Floor, Main Building, Stranmillis Road, Stranmillis University College, Belfast, BT9 5DY. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland. {°FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Ststement 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 2019). The Charity Is 8 Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functlonal currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financlal statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltabl8 funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitsble objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to spedfic conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies ar8 recognised on receipt or otheiSe if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as contingent asset. -20-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles {Contlnu8d) 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be requir8d in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of direct costs 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 beeen 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 are allocated on the portion of th8 asset's use. 1.6 Tanglbl8 flxed assets Tangible fixed assets are initially méasured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the following bases: Fixtures and fittings Computers 20% straight line 33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash In hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Flnancial Instruments The Charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 21
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loan5 are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial118billties Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when th8 Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retirement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. The cost of providing benefits under defined benefit plans is detemiined separately for each plan uslng the project8d unlt credit method, and is based on actuarial advice. The change in the net defined benefit liabillty arising from employee service during the year is recognised as an employee cost. The cost of plan Introductions, benefit changes, settlements and curtailments are recognised as Incurred. The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefft liability during the period as a result of contribution and benefit payments. The net interest is recognised in incomel(expenditure) for the year. Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other recognised gains and losses in the period in which they occur and are not reclassified to incomel (expenditure) in subsequent periods. The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme. -22-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estlmates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimales and 8S50ciated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons and legacles Unrestricted Restrlcted funds funds Total Unrestrlcted Restrlcted funds fund8 Total 2024 2024 2024 2023 2023 2023 Govemment grants 1,030.547 42,780 1,073,327 1,031,765 67,706 1,099,471 Income from Investments Unrestrlcted Rostrlcted funds funds 2024 2024 Total Unrestrlcted Restrfcted funds funds 2023 2023 Total 2024 2023 Interest recelvable 294 115 115 Other income Restrlcted Restrlcted funds funds 2024 2023 other income 1,992 1,888 -23-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltsble activities Total 2024 Total 2023 Staff costs Promotion and advertising Stsff Training Insurance Travelling expenses Rent Service Charges Cleaning Light and heat Printing, postage and stationery Telephone and fax Legal and professional Other administrative expenses 909,835 1,057,555 186 6,417 9,989 30,524 38,167 11,363 3,909 9,582 2,759 3,359 6,118 68,833 6,387 4,184 1,245 34.667 11,720 4,743 6.480 2,532 3,331 8,882 55,337 1,047,343 1,246,764 Grant funding of activitie5 (see note 7) Share of governance costs (see note 8) 41,761 5,000 22,240 5,000 1,094,104 1,274,004 Analysls by fund Unrestricted funds Restricted funds 1,050.045 44,059 1,212,025 61,979 1,094,104 1,274,004 Grants payabla Charltable a¢tivlties 2024 Charltable actlvltleg 2023 Grants to individuals 41,761 22,240 -24-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvltles 2024 2023 Govemance costs 5,000 5,000 Anatysed between: Charitable activities 5,000 5,000 Net movement In funds 2024 2023 The net movement in funds is stated after chargingl(crediting)'. Fees payable for the audit of the charity's financial statements 5,000 5.000 10 Trustaes, remuneratlon and expenses None of the Trustees {or any persons connected with them) received any remuneration during the year, but one of them was reimbursed a total of £45 travelling expenses (2023- Trustees were reimbursed £Nil}. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Directors Employees 13 18 13 19 Totsl 31 32 Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 885,171 66,061 138,787 690,572 66,454 273,817 890,019 1,030,843 -25-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Contlnued) The number of employees Nvhose annual remuneration was mor8 than £60,000 is as follows= 2024 Number 2023 Number £60,001 to £70,000 £80,001 to £90,000 Remuneratlon of key management personnal The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 310,163 297,828 12 Taxatlon The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 13 Tanglble fixed assets Flxtures and flttlngs Comput•rs Totsl C08t At 1 April 2023 18,870 12,564 31,434 At 31 March 2024 18,870 12,564 31.434 Depreciatlon and impalrnient At 1 April 2023 18,870 12,564 31,434 At 31 March 2024 18.870 12,564 31,434 Carrylng amount At 31 March 2024 At 31 March 2023 -26-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Debtors 2024 2023 Amounts falllng due wlthin one year: Other debtors Prepayment5 and accrued income 1,897 3,365 1,897 3,610 5,262 5,507 15 Credltors: amounts falllng due withln one year 2024 2023 Trade creditors Accruals and deferred Income 10,621 46,556 24,953 70,276 57,177 95,229 15 Provlslons for Ilabllltles 2024 2023 Notes Retirement benefit obligations 17 13,998 13,998 17 Retlrement beneflt 8cheme$ Deflned ¢ontrlbutlon schemès The Charity operates a deffined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of th8 Charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £138,787 (2023 - £273,817). Defined beneflt schemes Key assumptions 2024 2023 Discount rate Expected rate of increase of pensions in payment Expected rate of salary increases CPI Inflation ProFK)rtion of employees opting for early ret1ment -27-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Retlrement benefit schemes (Continued) Mortality assUMptnS The assumed life expectations on retirement at age 65 are.. 2024 Years 2023 Years Retiring today Males - Females 21.7 24.6 22.2 25.0 Retiring in 20 years - Males - Females 22.7 25.80 23.2 26.0 The amounts included in the statement of financlal posltion arising from the Charity's obligations in respect of defined benefit plans are as follows.. 2024 2023 Present value of defined benefit obligations Fair value of plan assets 1,918,000 1,827,000 (1,918,000} (1,231,002) Deficit in Scheme 13,998 Movements in the present value of defined banefit obligations.. 2024 Llablllties at 1 April 2023 Current service cost Benefits paid Contributions from scherne members Actuarial gains and losses Interest cost Adjustment loss (gain) due to restriction of surplus 1,640,000 138,000 (33,000) 43,000 (94,000) 76,000 146,000 At 31 March 2024 1,918,000 -28-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Retirement beneflt schemes (Continued) Movements in the fair value of plan assets.. 2024 Fair value of assets at 1 April 2023 Retum on plan assets (exduding amounts included in net interest) Benefits paid Contributions by the employer Contributions by scheme members Other 1,626,000 86,000 (33,000) 116,000 43,000 78,000 At 31 March 2024 1,916,000 The actual retum on plan assets was £86,000 (2023 - £228,000). The falr value of plan asset8 at the reporting period end was as foll0v. 2024 2023 Equity instruments Property Govemment Bonds Corporate Bonds Cash and better liquid assets Multi asset credit Other 760,652 178,188 287,400 88,136 237,584 249,080 114,960 671,539 170,730 333,330 43,902 95,934 213,006 97,561 1,916,000 1,626,002 18 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 Restricted Funds - All Funds 38,387 45,066 (44,059) 39,394 Prevlous year: At 1 Aprll 2022 Incoming Resources At 31 March resources expended 2023 Restricted Funds - All Funds 30.774 69,592 (61.979) 38,387 -29-
THE CONTROLLED SCHOOLS, SUPPORT COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysls of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Current assetsl(liabilities) (29,738) 39,394 9,656 (29,7381 39,394 9,656 Unrestrlcted funds 2023 Re8trlcted funds 2023 Totsl 2023 At 31 March 2023: Current assetsl(liabilities) Provisions and pensions (30,242) (13.998) 38,387 8.145 (13,998) (44.240) 38,387 (5.853) 20 Related party transactlons There were no disclosable related party transactions during the year (2023 - none>. 21 Cash generated from operations 2024 2023 Surplus for the year (18,491) (172,532) Adjustments for: Investment income recognised in ststement of financial actlvltles Dlfference bet4veen penslon charge and cash contributions (294) 20,000 (115) 170.000 Movements in working capltal.. Decreasel{increase} in debtors (Decrease) in creditors 245 (38,050) {217) (62,281) Cash absorbed by operations (36,590) (65,145) 22 Analysis of changes In net funds The Charity had no material debt during the year.