Title page
Contents
Glossary of key terms 6
1. Lead non-executive's report 8
2. Performance report 11
Overview 11
Statement of performance and activities 13
3. Performance analysis 18
Priorities 18
Accountability report 29
4. Corporate governance report 29
Directors' report 29
Statement of Accounting Officer's responsibilities 33
Governance statement 35
Remuneration and staff report 60
5. Remuneration report 60
Part A: Unaudited 60
Part B: Audited 62
Analysis of staff costs, policies and statistics 72
Parliamentary accountability report 78
6. Regularity of expenditure and long-term expenditure trends 78
Control total breaches 78
Annex A - Departmental statistics 80
Annex B - Environmental, social and community issues 86
Better regulation 86
Alternatives to regulation 87
Targets and summary of 2014-15 performance 89
Annex C - Data tables 100
Annex D - Consolidation approach & methodology 113
The Certificate of the Comptroller & Auditor General to the House of Commons 127
The Report of the Comptroller & Auditor General to the House of Commons 130
Consolidated Statement of Parliamentary Supply 138
Notes to the Accounts (Statement of Parliamentary Supply) 140
S1. Accounting policies 140
S2. Net outturn 144
S3. Reconciliation of outturn to net operating cost and against administration budget 147
S4. Reconciliation of net resource outturn to net cash requirement 148
S5. Income payable to the Consolidated Fund 149
Consolidated Statement of Comprehensive Net Expenditure 150
Consolidated Statement of Financial Position 151
Statement of Financial Position for the Department and Department & Agencies 152
Consolidated Statement of Cash Flows 153
Consolidated Statement of Changes in Taxpayers' Equity 154
Department & Agencies Statement of Changes in Taxpayers' Equity 155
Notes to the Accounts 156
1. Accounting policies 156
2. Restatements 173
3. Statement of operating costs by operating segment 183
4. Staff numbers and related costs 186
5. Other administration costs 192
6. Programme costs 193
7. Income 197
8. Property, plant and equipment 199
9. Intangible assets 205
10. Financial instruments 207
11. Non-current asset investments 209
12. Investments in other public sector bodies 210
13. Assets held for sale 211
14. Inventories 212
15. Receivables 212
16. Cash and cash equivalents 214
17. Payables 215
18. Non-current payables 216
19. Provisions for liabilities and charges 217
20. Risk protection arrangement 220
21. Pension scheme disclosures 224
22. Capital and other commitments 230
23. Non-IAS 37 contingent liabilities 234
24. Losses and special payments 237
25. Related party transactions 239
26. Entities within the Group boundary 241
27. Transfer of Academy Trust schools 242
28. Cash flows from operating activities 243
29. Events after the reporting period 243
Table 1. Total Departmental spending 101
Table 2. Estimates to Outturn, 2014-15 104
Table 3. Capital employed 106
Table 4. Administration costs 107
Table 5. Staff numbers 108
Table 6. Total identifiable expenditure on services by country and region, 2009-10 to 2014-15 109
Table 7. Total identifiable expenditure on services by country and region, per head 2010-11 to 2014-15 110
Table 8. Total identifiable expenditure on services by sub-function, country and region 2014-15 111
Fig. 1. Total number of Academies, broken down by type 19
Fig. 2. Percentage of pupils entering and achieving the English Baccalaureate (Ebacc) 21
Fig. 3. Percentage of Year 1 pupils meeting expected standard of phonic decoding 21
Fig. 4. Number of 2-year-olds taking up funded early education 24
Fig. 5. Number of new adoptions (year ending March 2015) 25