Balance Sheets as at 31 March 2011 Note

Fixed assets Negative goodwill

Tangible fixed assets Investments

Programme-related investments Share of joint venture gross assets

Share of joint venture gross liabilities Investment in joint venture

Programme-related investment in associates Investments in subsidiaries

Current assets

Stock Debtors Cash and short-term deposits

Creditors: amounts falling due within one year Net current assets

Total assets less current liabilities

Creditors: amounts falling due after more than one year Provisions for liabilities and charges

Net assets (excluding pension scheme liability) Provision for pension liability

Net assets (including pension scheme liability)

Funds Restricted and endowment funds Restricted funds

Permanent endowment funds

Unrestricted funds General funds (including revaluation reserve)

Pension deficit Total funds

20b 21

22 28

1,701 19 31b

118,363 142,642

262,706 20a

(191,128) 71,578

266,286

(58,895) (5,937)

201,454 (15,523)

185,931 1,417

140,381 153,961

295,759

(202,794) 92,965

279,305

(52,470) (8,553)

218,282 (36,480)

181,802 369

115,232 132,522

248,123

(194,942) 53,181

231,707

(58,350) (5,684)

167,673 (15,523)

152,150 314

136,106 144,723

281,143

(209,574) 71,569

243,445

(52,070) (8,250)

183,125 (36,480)

146,645

Group 2011 £000

18 12 13 14

15 15

15 16 17

(4,794)

102,070 68,527 24,300

– –

–

4,605 –

194,708

Registered company number 4325234

Group 2010 £000

(5,572) 96,544 70,622 24,428

7,805

(7,804) 1

317 –

186,340

Charity 2011 £000

–

86,907 62,130 29,289

– –

– –

200 178,526

Charity 2010 £000

–

85,346 61,902 24,428

– –

– –

200 171,876

26 26

14,236 5,569

19,805

27 27

181,649 (15,523)

28

166,126 185,931

16,297 5,617

21,914

196,368 (36,480)

159,888 181,802

The financial statements were approved by theTrustees on 27 June 2011 and signed on their behalf by

(213)

1,812 1,599

166,074 (15,523)

150,551 152,150

4,806 1,621

6,427

176,698 (36,480)

140,218 146,645

Michael Pragnell, Chairman 26 / Annual Report and Accounts / Balance Sheets

Dr Keith F Palmer, Treasurer