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Company limited by guarantee

Company Registration Number:
12548753 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

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Contents of the Financial Statements

for the Period Ended 30 April 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 74,524 48,225
Cost of sales: ( 14,959 ) ( 9,574 )
Gross profit(or loss): 59,565 38,651
Administrative expenses: ( 59,566 ) ( 38,751 )
Operating profit(or loss): (1) (100)
Profit(or loss) before tax: (1) (100)
Profit(or loss) for the financial year: (1) (100)

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Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 2,250 15,000
Cash at bank and in hand: 18,869 25,663
Total current assets: 21,119 40,663
Creditors: amounts falling due within one year: 4 ( 21,220 ) ( 40,763 )
Net current assets (liabilities): (101) (100)
Total assets less current liabilities: (101) ( 100)
Total net assets (liabilities): (101) (100)
Members' funds
Profit and loss account: (101) ( 100)
Total members' funds: ( 101) (100)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 October 2023
and signed on behalf of the board by:

Name: Sarah Caton
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

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Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Debtors

2023 2022
£ £
Trade debtors 2,250 15,000
Total 2,250 15,000

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Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 19,903 37,595
Other creditors 1,317 3,168
Total 21,220 40,763

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12548753 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

Our Inspiring Partnerships programme matches school leaders with business leaders in partnerships that lift up leaders, schools and students in turn. By bringing together senior leaders from business and education and giving them space to learn from each other, we can radically improve outcomes and opportunities for under-served young people. Leaders that set aside just one hour a month to meet and talk with a partner see a phenomenal difference to their energy and outlook, both parties come away with new skills, feeling engaged and inspired to improve educational outcomes and break down barriers to employment for young people. We started our programme in pilot in February 2020 with our first full programme starting in October that year. During this accounting period we had six cohorts of leaders complete our programme, making 66 matches working in 56 schools across the most deprived postcodes in England. The completion rate for the six cohorts was 92%. The main reason for dropping out was either being too overwhelmed to find the time, or changing role/ redundancy. 98% of leaders were happy with the match.This period has been particularly challenging for schools and school leaders who have been dealing with the ongoing effects of Covid and more recently the cost of living crisis. We know from research that leadership is second only to classroom teaching for achieving better outcomes for young people. Leadership in schools serving the lowest income families is extremely important as education at school is often the only support that young people receive. Leadership in these schools is the most challenging as issues are more complex, and there is often the least support for developing leadership skills as resources are so stretched. The main criteria for selecting schools was the proportion of children who were entitled to free school meals, which is a key indicator of deprivation. The average proportion of free school meals across the schools was 39% and the national average is 22.5% (2022).To understand the impact of the programme we hold an interview with each participant around 7 months into the programme, and we have an end of programme survey. The data that covers the partnerships that completed the programme in the accounting period, from May 2022 to April 2023, shows that the programme had the intended impact with: - 93% of school leaders said they had improved their leadership skills - 95% of school leaders reported that the programme was transformational for them personally- 98% of school leaders said they are now more confident as a leader- 100% of school leaders found it valuable to work with someone outside education- 84% of school leaders say they are more likely to stay in a leadership role in their school as a result of the support.We learnt that the value goes both ways with 96% of business leaders finding it an easy and effective way to contribute skills, and 98% have been able to positively reflect on their leadership through the programme, and 76% of business leaders reported being more engaged at work since participating in the programme.Our 2022 Impact Report is attached for more in depth feedback for those who completed the programme in 2022.

Consultation with stakeholders

Our main stakeholders are our participants, and then also our programme sponsors who provide the business leaders, and our partner local authorities and multi-academy trusts who promote the programme to their school leaders.For participants we have a pre survey, an end survey and a one to one interview around eight months into the programme. Response rates are very high – 68% of participants completed the survey and 83% attended a one to one interview. With our sponsors and partners we have regular meetings to discuss the progress the participants are making on the programme.In December 2022 we set up a Stakeholder Panel to advise us moving forward. The Panel is made up of stakeholders from across the programme, including representatives from our sponsors, as well as people who have no prior knowledge of the programme. The Panel met twice during the reporting period and have started to steer the future direction of the programme.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £56,624 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 October 2023

And signed on behalf of the board by:
Name: Sarah Caton
Status: Director