How We Raise and Spend Our Money
Our vision is ‘to create an excellent education for all children and young people’. As a not-for-profit organisation and a registered charity, we reinvest all the surplus we generate to help us achieve our vision.
How we are funded
Our total income for the year ended 31 March 2016 was £17.8m, of which £17.2m was generated directly from charitable activities (£13.2m from contracted research and £4.0m from educational products)
The other £0.6m was generated from investments and other sundry income.
How we spend our money
We had a total expenditure £16.1m, meaning we had a small net income (before interest). Of this, £15.2m was spent on charitable activities (delivering contracted research and educational products, alongside investing in future product development).