Finances 2022/23

Financial Summary

Our total income for 2022/23 was £571k, £55k above the original budget. This included income from schools of £432k, LA linked income of £131k, £4k from STEM learning to support subject networks and £4k from Hounslow Promise for the Christmas present campaign. In addition to membership fees and School Improvement Grant totalling £230k, income from schools comprised the following work streams: £100k Fair Access, £59k Primary Peer Challenge, £39k John Yates training and £3k HEP training and CPD. LA income comprised £74k income for Specialist Home Engagement Leads (SHEL), £45k VRU grant, £10k for catch up funding project management, £1k for the Get Hounslow Reading Conference and £1k for Ofsted training.

Costs of sale were £526k, comprising staff costs of £181k, partnership meeting costs of £26k and £319k that is directly attributable to specific income streams. This was a saving of £28k against the budget.

General overheads were £46k, £9k below the budget due to savings and some unspent contingency.

The full-year position is a net deficit of £2k, against a budgeted deficit of £94k. Unspent balances of £111k are held as ring-fenced funds within the overall carry forward of £311k. These include VRU grant, Primary to Secondary Transitions funding, SHEL funding, Domestic Abuse Project funding, Peer Challenge income, Fair Access income and Subject Network funds, which we plan to spend on relevant projects over the next 1-3 years. Unrestricted reserves, after eliminating ring-fenced funds, are £200k, a surplus of £4k against the budget.

The majority of HEP income streams are exempt from corporation tax and we do not expect to incur a tax liability for 2022/23.

Note: These figures are based on those to be included in the full, audited accounts for the period ended 31 August 2023. The full Annual Report and Accounts will be made available via the HEP website once published.

For previous years' Annual Reports click here

For previous years' audited financial reports please go to the HEP Company Information section in the Members Area of the website.

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What our members say

Ofsted Inspection Training – "Four days well spent! Supporting the development of our school under the guidance of a skilled trainer with a wealth of experience across the primary range was invaluable."

Primary Subject Networks – "The content in the sessions covers all aspects of high quality practice in Maths and it makes me reflective on my practice in class and how I lead and help develop other teachers."

Primary Subject Networks – "Meeting other subject leaders and sharing, makes me feel better about what we are delivering and that we are on the right track."

Develop your A level Teaching – "It was really nice to be able to talk to other A level German teachers as there aren’t very many and we could share our experiences."

Contingent Talk with Books – "Such a worthwhile project for Early Years, which you can see working right in front of your eyes. Well-planned and organised project, fantastic expert who inspires us all."

Get Hounslow Reading – "The biggest impact has been on our teachers’ enthusiasm for reading/books and their knowledge of high quality texts, finding innovative ways to engage readers through displays, book talk and story time."

Secondary Subject Networks – "There are so many useful takeaways from the meeting to help improve teaching and learning and they are things which can easily be put into place after the meeting."

Get Hounslow Reading – “There can be no doubt of the enthusiasm of Hounslow teachers and impact of their hard work on growing a Reading for Pleasure practice in their schools over this academic year. Many teachers said that the time to talk and share practice was what they valued most highly.” Charlotte Raby – Programme Facilitator

Secondary Subject Networks – “I really enjoy the content and the supportive group of fellow geography leaders discussing ideas in a non-judgmental, relatively informal way. The group certainly helps each other and fundamentally discusses relevant topics which are benefiting me.”

Get Hounslow Reading – "Very informative and helpful. A lovely chance to reflect. Excellent, enthusiastic delivery which would inspire anyone! You are very knowledgeable and sessions are well-organised. Thank you!”

Challenging Behaviour Training – “Great training, thank you for all your expertise and advice. I learnt lots of things about different ways that can affect pupils’ behaviour and how to deal with different situations."

Deep Dive Subject Leader Training – “Thank you for the very detailed and thorough subject leader checklist. It is an extremely useful and much necessary exercise. It's been an eye opener. Thank you”

Develop your A Level Teaching – “A much appreciated forum to apply pedagogy to a subject specific domain, with such rich professional talk after the keynotes in the Economics breakout session.”

Contact us

The success of the Hounslow Education Partnership depends, in part, on good communication so please do get in touch to give us your feedback or about anything else you would like to discuss.


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