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Sales hit £105m at CfBT

publication date: Mar 2, 2008
author/source: Ed Tranham

CfBT Education Trust recorded sales of £105m for the year ending 31 March 2007, according to recently filed accounts. The Trust’s net profit or in charity speak, ‘net incoming resources’, was £5.8m. All of CfBT’s profits and £88m of its revenues were generated in the UK. The Trust’s operations in Brunei (£6.5m), Africa (£2.3m) and SE Asia (£1.5m) operated at break even.

The education consultancy and service organisation is a not for profit business and, ‘exists solely to provide education for public benefit worldwide’. It divides its business into five activities in furtherance of the Trust’s charitable objectives: support education reform (revenue 2007 = £39.6m), teaching (£30.9m), advising (£14m), training (£18.8m) and research. Research is an investment activity, not a revenue generator, although some research projects relate to other activities within the Trust.
Under CEO Neil McIntosh’s leadership the Trust has become a very successful education business and the charity is now ranked in the top 20 of UK charities by revenue. It has also been extremely successful at winning UK government contracts against commercial competitors for, amongst others, Ofsted inspections, the Skills for Life Quality Initiative, Connexions and the National Programme for Gifted and Talented Education. The latter programme, announced last year, is run in partnership with Hedra, CACI and TwoFour Communications. CfBT also manages School Improvement Services for Lincolnshire and East Sussex Local Authorities.

On the schools front, CfBT now operates six schools in the UK and one in South Africa, together with nine UK nurseries. The Trust has also been successful in the Gulf where it has a contract with the Abu Dhabi Education Council to manage 12 schools as part of a major public-private partnership.

In January this year the UK’s Charity Commission published guidance on Charities and Public Benefit which is expected to be effective from 1 April 2008. It will be interesting to know how many of CfBT’s activities lie outside the newly defined ‘principles of public benefit’.

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