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Registered number: 07736467 Charity number: 1150648 LET'S THINK FORUM (A Company Limited by Guarantee) UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
LET'S THINK FORUM (A Company Limited by Guarantee) CONTENTS
| Page
Reference and Administrative Details of the Company, its Trustees and Advisers | 1
Trustees' Report | 2 - 6
Trustees' Responsibilities Statement | 7
Statement of Financial Activities | 8
Balance Sheet | 9 - 10
Notes to the Financial Statements | 11 - 18
LET'S THINK FORUM (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2026
Trustees | M Walsh, Trustee
| Prof J Hodgen, Trustee
| S Seleznyov, Trustee
| Dr M Oliver, Trustee
| Dr M Lecky, Trustee
| Prof M Askew, Trustee
Company registered number | 07736467
Charity registered number | 1150648
Registered office | Old Station Road Loughton Essex IG10 4PL
Company secretary | S Raine
Accountants | Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL
Bankers | National Westminster Bank PLC 298 Seven Sisters Road London N4 2BW
Page 1
LET'S THINK FORUM (A Company Limited by Guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2026 The Trustees present their annual report together with the financial statements of the Company for the year 1 February 2025 to 31 January 2026. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. OBJECTIVES AND ACTIVITIES Significant activities The Council continued to meet termly to administer the charity and have reintroduced physical meetings. The Trustees continue to meet separately after Council to apply segregation of duties and focus on the strategic direction of the charity. Plans are being developed to help streamline the administrative and governance processes within the Charity so the majority of members can focus on pedagogical developments. Council membership has been expanded to include complementary skills sets and experience. A strategic 1, 3 and 5 year plan has been devised and the Council are working to implement actions. We have sourced external expertise to help us develop our plan and set achievable actions. Public benefit In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. Page 2
LET'S THINK FORUM (A Company Limited by Guarantee) English For reporting period February 2025 to January 2026 Achievements and Deliverables ∙Let’s Think in English Guidebook complete and sent to Crown House Publishers ∙Lesson materials continue to be developed and refined e.g. GCSE Poetry Anthology suite ∙Summer Conference for LTE network schools well attended ∙Existing LTE Network schools continue to embed and sustain the programme supported by termly meetings. ∙New cohort of Leading Let’s Think in English training. Summary of Training and Courses ∙Trained 6 primary and 2 secondary schools, 3 primary cluster, a secondary cluster and 2 secondary Trusts ∙Delivered taster morning to large secondary Trust ∙Annual LTE presentation for PGCE secondary English students at King’s College London. Challenges and planned growth opportunities ∙Offering accessible CPD to existing network schools, online and face to face ∙Promoting the alignment of LTE with the aims of the Francis Curriculum Review report and SEND White Paper as a strategy to recruit new schools and Trusts ∙Working with Crown House to trail the publication of the book pre and post publication ∙Planned opportunities to continue expansion of LTE internationally with a planned visit to Abu Dhabi (present situation dependent) and possibly China. Page 3
LET'S THINK FORUM (A Company Limited by Guarantee) Let’s Think through Primary Geography For reporting period February 2025 to January 2026 Achievements and Deliverables ∙The original project ended in January 2024 having used a sum of £1924, returning £5585 of the original budget for other Let’s Think activity. The outcomes of the project were provided in the 23-24 report. ∙The 7 lessons have been gathered into a coherent digital resource with lesson plans; pupil resources and the resources teachers will need for subject and pedagogical knowledge. Short videos introducing the project and the lessons and further reading for teachers who want to look deeper into the project and its outcomes have been produced. ∙The materials have been shared with some partnership schools, and they have been invited to give feedback on the materials. Challenges and planned growth opportunities ∙A proposal was made to Council, and accepted, to incorporate the materials into a wider approach, ‘A Foundation for Thinking in the Primary Years’ based on a number of lessons from the Foundation Subjects and using the same methodology as the Geography Project. This proposal was superseded by a proposal to develop a general pedagogy course for primary schools where the materials would be one of a number of resources. Progress on this is awaited from the proposers. Maths For reporting period February 2025 to January 2026 Achievements and Deliverables ∙A number of requests for Lets Think maths resources were received during the year Summary of Training and Courses ∙One training course was delivered this year in Wales Challenges and planned growth opportunities ∙The mathematics subject team plan to review the current situation and identify ways to increase the profile of Lets Think mathematics in schools Page 4
LET'S THINK FORUM (A Company Limited by Guarantee) Science For reporting period February 2025 to January 2026 Achievements and Deliverables ∙Presentations at the Annual Association for Science Education conference at the University of Nottingham, January 2026. The Association for Science Education (ASE) is an active membership body with a reach of around 6,500 members. The ASE supports all those involved in science education ranging from technicians, trainee teachers, experienced pre-school to higher education educators and those involved with the continuing professional development of teachers. The science forum maintained a strong presence at this conference, aimed at science educators across all age phases, with around 5000 members. Proposals accepted by members of the science forum and presented were: ‘Bringing CASE in from the cold: How is it going?’ ; ‘ How the concept of Epistemic Inquiry can help plan a science curriculum’; ‘Asking questions about Primary Science and TIMSS ‘. ∙Further national and international presentations from members of the science forum include presenting on ‘How to get to know how your students think’ and ‘Lets Think Mathematics’ at Milan International Teachers Association. The International STEM Education Conference is a global event focused on professional development in STEM education, uniting teacher educators, policymakers, teachers, and various other stakeholders involved in the field. Science forum members presented the following sessions: ‘Why Cognitive Acceleration through Science Education is more important than ever’ and ‘Epistemic Inquiry’ .This Istanbul conference was 6th International STEM Education Conference, November 8-9, 2025 - Istanbul / Türkiye. ∙Following a successful secured publishing contract with Crown House (May 2025) for a book ‘Thinking through Science’, key goals set during the February 2025-January 2026 period have been met. These include establishing a clear timeline that will lead to a final manuscript sent to Crown House in December 2026; identifying and contacting contributing authors. This book will span beyond cognitive acceleration and acknowledge a wider range of research and approaches- all committed to promoting thinking through science. The range of authors, both members of the science forum and some outside of the forum reflects this. The majority of first drafts of chapters have been submitted to the editors, and the review and redraft process is underway. ∙Let’s Think podcast series included interviews with noted science educators: Simon Poliakoff, Stuart Farmer, Christine Harrison ∙Successful defence of PhD from a member of the science forum for a thesis titled, ‘Making a CASE for the third space’. Challenges and planned growth opportunities ∙Uptake of original secondary CASE materials by schools is small. Drawing on their insight and experience, science members of the Let’s Think forum have considered the limitations associated with a product that requires schools to implement a sequence of 30 lessons to students aged 11-13 years old. Work is underway to re-imagine the secondary CASE materials so that they are relevant, accessible and support a new generation of schools and teachers. ∙The science team plan to create stronger working party links with Let’s Think partnership schools so that these schools become sites of collaborative research and development and tap into the current professional expertise of teachers using Let’s Think resources. We will organise visits to these schools in order to scope existing use, challenges and opportunities experienced by teachers implementing science Let’s Think resources. Page 5
LET'S THINK FORUM (A Company Limited by Guarantee) ∙Some of the science team plan to explore and articulate how the pedagogy and resources for Let’s Think Science can anticipate and address wider educational priorities such as the those identified in the interim curriculum review (e.g. ‘continuing to consider how best to equip children and young people with the essential knowledge and skills which will enable them to adapt and thrive in a rapidly changing and AI-enabled world’; maintaining a balance of curriculum breadth and depth; supporting effective transition from KS2 to KS3) Partnership Schools For reporting period February 2025 to January 2026 Achievements and Deliverables ∙Let’s Think Partnership Schools membership remained at 5 schools with continual commitment from all partners. ∙Highlighting good practice continues with some partnership schools hosting tasters days for Let’s Think programmes. ∙Let’s Think tutor capacity is increasing in some partnership schools with individuals supporting and leading some aspects of Let’s Think courses. ∙Partnership Schools needs becoming increasing clear through more regular meetings with stakeholders. Challenges and planned growth opportunities ∙Let’s Think are seeking to develop more structured support to partnership schools in the coming year via invites to pedagogical group meetings and build relationships between partnership schools via school visits. ∙A new partnership school is on the brink and it is hoped others will be identified by geographical needs and capacity moving forward. Approved by order of the members of the board of Trustees and signed on their behalf by:
M Walsh Trustee |
Date: 19 June 2026 |
Page 6
LET'S THINK FORUM (A Company Limited by Guarantee) STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2026 The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: ∙select suitable accounting policies and then apply them consistently; ∙observe the methods and principles of the Charities SORP (FRS 102); ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on its behalf by:
M Walsh Trustee |
Date: 19 June 2026 |
Page 7
LET'S THINK FORUM (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2026
|  | Restricted funds 2026 | Unrestricted funds 2026 | Total funds 2026 | Total funds 2025
| Note | £ | £ | £ | £
Income from: |  |  |  |  |
Charitable activities: | 3 |  |  |  |
.Other charitable activities |  | - | 1,472 | 1,472 | 8,394
Investments | 4 | - | 416 | 416 | 604
Total income |  | - | 1,888 | 1,888 | 8,998
Expenditure on: |  |  |  |  |
Charitable activities | 5 | - | 12,825 | 12,825 | 19,088
Total expenditure |  | - | 12,825 | 12,825 | 19,088
Net movement in funds |  | - | (10,937) | (10,937) | (10,090)
Reconciliation of funds: |  |  |  |  |
Total funds brought forward |  | 14,229 | 39,676 | 53,905 | 63,995
Net movement in funds |  | - | (10,937) | (10,937) | (10,090)
Total funds carried forward |  | 14,229 | 28,739 | 42,968 | 53,905
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 18 form part of these financial statements.
Page 8
LET'S THINK FORUM (A Company Limited by Guarantee) REGISTERED NUMBER: 07736467 BALANCE SHEET AS AT 31 JANUARY 2026
|  |  | 2026 |  | 2025
| Note |  | £ |  | £
Current assets |  |  |  |  |
Cash at bank and in hand |  | 45,218 |  | 56,070 |
|  | 45,218 |  | 56,070 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 8 | (2,250) |  | (2,165) |
Net current assets |  |  | 42,968 |  | 53,905
Total assets less current liabilities |  |  | 42,968 |  | 53,905
Total net assets |  |  | 42,968 |  | 53,905
Charity funds |  |  |  |  |
Restricted funds | 9 |  | 14,229 |  | 14,229
Unrestricted funds | 9 |  | 28,739 |  | 39,676
Total funds |  |  | 42,968 |  | 53,905
Page 9
LET'S THINK FORUM (A Company Limited by Guarantee) REGISTERED NUMBER: 07736467 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2026 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 19 June 2026 and signed on their behalf by:
M Walsh Trustee |
The notes on pages 11 to 18 form part of these financial statements.
Page 10
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. | General information
Let's Think Forum is a registered charity, limited by shares, domiciled in England and Wales, registration number 1150648. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Let's Think Forum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
| 2.2 | Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
| 2.3 | Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity 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 between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
| 2.4 | Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
| 2.5 | Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 11
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 2.Accounting policies (continued)
| 2.6 | Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
| 2.7 | Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
| 2.8 | Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund.
| 3. | Income from charitable activities
|  |  | Unrestricted funds 2026 | Total funds 2026 | Total funds 2025
|  |  | £ | £ | £
| Income from charitable activities | 1,472 | 1,472 | 8,394
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LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| 4. | Investment income
|  |  | Unrestricted funds 2026 | Total funds 2026 | Total funds 2025
|  |  | £ | £ | £
| Investment income | 416 | 416 | 604
| 5. | Analysis of expenditure on charitable activities
|  | Summary by fund type
|  |  | Unrestricted funds 2026 | Total 2026 | Total 2025
|  |  | £ | £ | £
| General fund | 12,825 | 12,825 | 19,088
| 6. | Analysis of expenditure by activities
|  |  | Activities undertaken directly 2026 | Support costs 2026 | Total funds 2026 | Total funds 2025
|  |  | £ | £ | £ | £
| General fund | - | 12,825 | 12,825 | 19,088
| Total 2025 | 6,500 | 12,588 | 19,088 |
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LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 6.Analysis of expenditure by activities (continued)
| Analysis of direct costs
|  | Total funds 2026 | Total funds 2025
|  | £ | £
| Expert tutor | - | 6,500
| Analysis of support costs
|  | Total funds 2026 | Total funds 2025
|  | £ | £
| Bank charges | 20 | 17
| Insurance | 242 | 266
| Conference fees | 237 | 2,280
| Computer and website support | 2,123 | 1,745
| Travel and subsistence | 1,449 | 389
| Professional fees | 200 | -
| Admin support | 5,650 | 5,113
| Accountancy and legal fees | 2,904 | 2,778
|  | 12,825 | 12,588
7. | Trustees' remuneration and expenses
| During the year, no Trustees received any remuneration or other benefits (2025 - £NIL).
| During the year ended 31 January 2026, no Trustee expenses have been incurred (2025 - £NIL).
8. | Creditors: Amounts falling due within one year
|  | 2026 | 2025
|  | £ | £
| Accruals and deferred income | 2,250 | 2,165
Page 14
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| 9. | Statement of funds
|  | Statement of funds - current year
|  |  | Balance at 1 February 2025 £ | Income £ | Expenditure £ | Balance at 31 January 2026 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 32,642 | 1,888 | (12,825) | 21,705
| Business Plan Projects | 7,034 | - | - | 7,034
|  | 39,676 | 1,888 | (12,825) | 28,739
| Restricted funds |  |  |  |
| ACTS Fund | 14,164 | - | - | 14,164
| GLA Fund | 65 | - | - | 65
|  | 14,229 | - | - | 14,229
| Total of funds | 53,905 | 1,888 | (12,825) | 42,968
| The specific for which the funds are to be applied are as follows: Other ACTS and GLA grants - Other government grants received for restricted educational purposes.
Page 15
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| 9. | Statement of funds (continued)
|  | Statement of funds - prior year
|  |  | Balance at 1 February 2024 £ | Income £ | Expenditure £ | Balance at 31 January 2025 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 42,732 | 8,998 | (19,088) | 32,642
| Business Plan Projects | 7,034 | - | - | 7,034
|  | 49,766 | 8,998 | (19,088) | 39,676
| Restricted funds |  |  |  |
| EEF Fund | 14,164 | - | - | 14,164
| GLA Fund | 65 | - | - | 65
|  | 14,229 | - | - | 14,229
| Total of funds | 63,995 | 8,998 | (19,088) | 53,905
Page 16
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| 10. | Summary of funds
|  | Summary of funds - current year
|  |  | Balance at 1 February 2025 £ | Income £ | Expenditure £ | Balance at 31 January 2026 £
| General funds | 39,676 | 1,888 | (12,825) | 28,739
| Restricted funds | 14,229 | - | - | 14,229
|  | 53,905 | 1,888 | (12,825) | 42,968
|  | Summary of funds - prior year
|  |  | Balance at 1 February 2024 £ | Income £ | Expenditure £ | Balance at 31 January 2025 £
| General funds | 49,766 | 8,998 | (19,088) | 39,676
| Restricted funds | 14,229 | - | - | 14,229
|  | 63,995 | 8,998 | (19,088) | 53,905
Page 17
LET'S THINK FORUM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| 11. | Analysis of net assets between funds
|  | Analysis of net assets between funds - current year
|  |  | Restricted funds 2026 | Unrestricted funds 2026 | Total funds 2026
|  |  | £ | £ | £
| Current assets | 14,229 | 30,989 | 45,218
| Creditors due within one year | - | (2,250) | (2,250)
| Total | 14,229 | 28,739 | 42,968
|  | Analysis of net assets between funds - prior year
|  |  | Restricted funds 2025 | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £ | £
| Current assets | 14,229 | 41,841 | 56,070
| Creditors due within one year | - | (2,165) | (2,165)
| Total | 14,229 | 39,676 | 53,905
12. | Related party transactions
| The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 January 2026.
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