OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-08-31-accounts

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Equipping the Community for Success

St Clement & St James Community Development Project (A company limited by guarantee and a registered charity)

REPORT AND FINANCIAL STATEMENTS

For the year ended 31 AUGUST 2024

Company number: 2677427 Charity number: 1009253

95 Sirdar Road • London • W11 4EQ • 020 7221 8810

1

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Letter from the Chair

Dear friends and supporters of ClementJames,

As we reflect on the past year, I would like to express my gratitude for the support and dedication of all those in the ClementJames community. Our services providing educational, employment and wellbeing support to young people and adults in the community, continue to impact the lives of many individuals and families.

We have achieved strong results across our programmes, with approximately 2,500 people accessing our services. Notably within our IntoUniversity service, we engaged with over 1300 young people, highlighting the reach and impact of our efforts. Additionally, our advice and guidance strand has once again exceeded targets, demonstrating our commitment to meeting the needs of those we serve, and doing all we can to make sure that they can access required services.

A real strength this year has been our partnerships with organisations such as Shelter and Nucleus, which provide invaluable housing and debt advice, and Coram, which supports our youth services. These collaborations have established us as a trusted partner, fostering meaningful relationships within our community and enhancing the support we can offer as the issues faced in many cases become more complex.

One of the highlights of the year was the Leighton House event, which raised over £50,000. It was inspiring to hear from our clients, sharing their experiences and how our programmes have made a difference in their lives and the lives of their families. Events like these remind us of the profound impact we can have together.

The backdrop for charities such as ours remains demanding: the significant increase in the cost-of-living continues to be difficult, with both fundraising and operating environments harder, which all contribute to more challenging circumstances for our staff. I would like to recognise their resilience in so many situations, continuing to put clients’ interests and ClementJames’ mission first. In particular, I would like to thank Dami Solebo, Chief Executive Officer, Esther Pickering, Chief Programmes Officer, and Leo Reid, Chief Operating Officer, who together as the Senior Management Team have led the charity so well this year. I would also like to thank the board for all their contributions and welcome our new board members—Helen Anthony, Johanna Weston and Neil Wilson — who bring their unique respective specialisms in HR, safeguarding and site development to our organisation. Their insights and expertise will undoubtedly strengthen our work. We are also grateful to Sophie Lewisohn, Adekunle Awodele, Manuel de Souza Girão, Symone Williams and Richard Ryan for their valuable contributions during their time with us.

I also want to thank the people and organisations outside of ClementJames who do so much to support us in achieving our ambitions. This includes our donors, funders and partners, and our volunteers who are an integral part of our service.

As we close this chapter and prepare for the next, I encourage you to stay connected with us. Your ideas, involvement and support are invaluable to our mission. Together we can continue to equip our clients for success, and work towards our vision of a community achieving its full potential, because everyone gets the opportunity to realise their ambitions.

Simon Glucina

Chair of Trustees

2

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

REPORT OF THE TRUSTEES Year ended 31 August 2024

----- Start of picture text -----
||| |---|---| |Introduction.........................................................................................................................................5| |Board and Committees.........................................................................................................................5| |Bankers................................................................................................................................................6| |Auditors...............................................................................................................................................6| |Structure, Governance and Management.............................................................................................6| |Governing Document.............................................................................................................................6| |Recruitment and Appointment of Trustees........................................................................................... 7| |Trustee Induction and Training.............................................................................................................. 7| |Risk Management..................................................................................................................................7| |Organisational Structure........................................................................................................................8| |Relationship with the IntoUniversity charity......................................................................................... 8| |Relationship to the Church.................................................................................................................... 8| |Management......................................................................................................................................... 8| |Staff....................................................................................................................................................... 8| |Volunteers..............................................................................................................................................8| |Public Benefit.........................................................................................................................................8| |Objectives and Activities......................................................................................................................9| |The Main Activities of The ClementJames Centre................................................................................. 9| |1. Adult Learning.............................................................................................................................9| |2. Children & Young People’s Education........................................................................................10| |3. Early intervention......................................................................................................................11| |4.|Employment Support............................................................................................................... 11| |5. Support & Wellbeing.................................................................................................................12| |5. Grenfell Tower fire response..................................................................................................... 13| |6. Related activities....................................................................................................................... 13| |Achievements and Performance.........................................................................................................13| |Adult Learning..................................................................................................................................... 13| |Children & Young People’s Education.................................................................................................. 14| |Early Intervention................................................................................................................................ 14| |Employment Support ..........................................................................................................................14| |Advice Support.................................................................................................................................... 14| |Wellbeing Support .............................................................................................................................. 14| |Plans for the Future............................................................................................................................15| |Financial Review................................................................................................................................ 15| |Reserves Policy.................................................................................................................................... 16| |Investment Policy.................................................................................................................................16| |Fundraising Activity Statement............................................................................................................16| |Responsibilities of the Trustees........................................................................................................... 16| |Small company provisions................................................................................................................... 17| |Auditor.................................................................................................................................................17| |Auditor’s Report.................................................................................................................................18| |Statement of Financial Activities........................................................................................................ 21|

----- End of picture text -----

3

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

REPORT OF THE TRUSTEES – Continued Year ended 31 August 2024

Statement of cash flows..................................................................................................................... 23 Notes of the Financial Statement........................................................................................................24 1: Accounting Policies..........................................................................................................................24 2. Grants, Donations & Legacies..........................................................................................................26 2a. Grants, Donations & Legacies 2023 Comparison...........................................................................27 3: Other Trading Activities................................................................................................................... 29 4. Total Expenditure.............................................................................................................................29 4a. Total Expenditure 2023 Comparison..............................................................................................29 4b. Analysis of Support Costs.............................................................................................................. 30 5. Net Income for the Year...................................................................................................................30 6. Staff Costs........................................................................................................................................ 30 6a. Staff Numbers................................................................................................................................31 7. Fixed Assets..................................................................................................................................... 31 8. Debtors............................................................................................................................................ 31 9. Creditors.......................................................................................................................................... 32 10. Analysis of net assets between funds............................................................................................32 11. Designation and Restriction of funds.............................................................................................33 11a. Designation and Restriction of funds 2023 Comparison..............................................................34 12. Accommodation............................................................................................................................ 34 13. Control...........................................................................................................................................35 14. Related party transaction.............................................................................................................. 35 15. Statement of Financial Activities Comparisons..............................................................................35

4

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Introduction

The trustees present their report and audited financial statements for the year ended 31 August 2024.

Board and Committees

Trustees

Board and Committees Board and Committees
Trustees
Adekunle Awodele Resigned 04/03/2024
Vanessa Casey
Saqlain Choudhary
Manuel de Souza Girão Resigned 07/12/2023
Simon Glucina (Chair)
Setor Lassey
Sophia Lewisohn (Chair) Resigned 07/12/2023
Richard Ryan Resigned 01/11/2024
Katherine Soanes
Rev’d Gareth Wardell
Symone Williams Resigned 15/05/2024
Helen Anthony Appointed on 12/03/2024
Neil Wilson Appointed on 12/03/2024
Johanna Weston Appointed on 08/07/2024
Audit and Risk Committee
Setor Lassey (Chair)
Richard Ryan
Simon Glucina
Helen Anthony
Capital Development Committee
Neil Wilson (Chair)
Simon Glucina
Katherine Soanes
Rev’d Gareth Wardell
Fundraising & Development Committee
Katherine Soanes(Chair)

5

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Saqlain Choudhary
Johanna Weston
Nominations & Remuneration Committee
Vanessa Casey (Chair)
Katherine Soanes
Investment Committee
Richard Ryan (Chair)
Setor Lassey
People and Culture Committee
Helen Anthony (Chair)
Saqlain Choudhary
Simon Glucina
Senior Leadership Team
Joss Cullen (Hub Manager) Resigned 04/10/2024
Jill Watson (Hub Manager)
Alice Kilpatrick (IUNK Centre Leader) Resigned 31/08/2024
Charlotte Devitt (Ops Manager)
Gigi Jones(Adult Learning) Appointed on 03/01/2024
Senior Management Team
Dami Solebo (Chief Executive Officer)
Leo Reid (Chief Operations Officer)
Esther Pickering (Chief Programmes Officer)

Bankers

Auditors

Structure, Governance and Management

Governing Document

The charity is a company limited by guarantee, incorporated on 14 January 1992 and registered as a charity on 13 March 1992. The company is established under a Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. The charity operates under the working name of The ClementJames Centre.

6

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law. The trustees who served up to the date of this report are set out on page 4. The Report of the Trustees is the Directors’ Report in accordance with s.415 of the Companies Act 2006. The trustees are the only members of the company, and are each liable for a maximum of £1 in the event of the winding up of the charity.

The board of trustees consists of the incumbent of the Parish of St Clement Notting Dale and St James Norland; not more than four persons appointed by the Parochial Church Council; and such other person/s as the trustees may appoint by ordinary resolution. The board aims to be representative of the community as a whole and to ensure that it has available a broad range of skills and expertise amongst its trustees.

The board carries out an annual review of the trustees to ensure a broad range of skills and that members of the local community and users of the charity are represented, and to identify the need for new trustees (due to vacancies or having decided that one or more new trustees with specific skills are needed to help run the charity more effectively). Once they have agreed the skills and experience needed, the trustees consider the best method of attracting desirable candidates and agree a process for recruitment that complies with the governing document. The Nominations Committee receives CVs, shortlists candidates and conducts interviews. Successful candidates are invited to join the trustees, subject to references, background / DBS checks and approval by the full trustee board.

Trustee Induction and Training

An information pack about the organisation is sent to new trustees, including their duties and the organisation’s expectations of them, and a full induction process is arranged. New trustees meet existing trustees, key members of staff and volunteers and are introduced to the charity’s work and programmes. All trustees are offered training to develop their abilities and competence. Staff and trustees (where possible) attend an annual Strategy Day to evaluate existing services, set targets for future provision and develop strategic objectives.

Risk Management

During the year the trustees have reviewed the significant risks to which the charity is exposed and the means by which these risks are either removed, managed or controlled.

Trustees have identified risks ranging from internal operational risks (e.g. staff and governance, safeguarding, financial risks) to external risk (e.g. macroeconomic, political, reputational.). The trustees are satisfied that all major risks have been identified, that awareness of these risks is the single most effective way to manage them, and that appropriate internal controls are in place to manage the charity’s exposure.

The charity faces risks across data protection, financial stability, staff wellbeing, and cybersecurity. To mitigate these, it ensures compliance with data regulations through designated leadership, regular training, and secure systems. Financial risks from major expenditures or funding loss are managed by diversifying income, maintaining reserves, and obtaining Trustee approval for critical spending. For capital projects, adequate funding is secured prior to work, with ongoing oversight to prevent disruptions. Staff wellbeing is supported through counselling, monitoring, and dedicated roles, while cybersecurity is strengthened via robust policies, training, and multi-factor authentication. Regular reviews and prudent planning underpin the charity’s approach to managing these risks effectively.

7

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Organisational Structure

During the year the board met five times; these meetings also included members of the charity’s staff as appropriate. The role of the board is to provide oversight of the charity’s activities, including planning, approval of annual budgets, review of results and provision of general support to the chief executive and staff. The day-to-day running of the charity is carried out by the permanent staff, with support from volunteers and under the leadership of the chief executive, Dami Solebo, who reports directly to the Chair and the board.

Relationship with the IntoUniversity charity

The Into University charity (‘ Into Uni’) started its first year of independent operation in 2007. The new charity grew out of the Into University work of The ClementJames Centre and was established by two of its trustees. Into Uni Head Office is based in offices rented from the Parish at 95 Sirdar Road, London, W11. Into Uni contributed £190,000 towards the Into University programme at The ClementJames Centre from 1 September 2023 to 31 August 2024. The Into University work of The ClementJames Centre is therefore affiliated to, and receives grants from Into Uni, but remains under the governance of The ClementJames Centre and the management of The ClementJames Centre’s chief executive. Into Uni refers to the Into Uni programme at The ClementJames Centre as “ Into University North Kensington” (“IUNK”).

Relationship to the Church

The ClementJames Centre was established by the Parochial Church Council of the Parish of St Clement and St James to provide support in the wider community. The Centre benefits from extensive premises that are leased from the diocese and the Parochial Church Council of the Parish of St Clement and St James. The Incumbent of the Parish of St Clement and St James is a member of the Board of Trustees.

Management

Salaries for key management personnel are set by the Remunerations Committee, a subcommittee of the trustee board. The Committee reviews other local and national organisations to ensure that salaries are appropriate (taking benchmarking with other charities of a similar size into consideration). Salaries are reviewed annually.

Staff

The trustees would like to thank The ClementJames Centre’s amazing staff, without whom none of the charity’s achievements would be possible. Their dedication, commitment and determination has ensured that the charity has remained a positive and crucial resource for the people of North Kensington and the wider community.

Volunteers

In addition, the trustees would like to thank the dedicated volunteers, of whom there are over 100. These volunteers provide a vital service in a range of activities from regularly assisting students during Academic Support sessions to mentoring our adult clients and helping at our gardening club.

Public Benefit

The trustees have referred to the guidance contained in the Charity Commission’s General Guidance on Public Benefit when reviewing the charity’s aims and objectives and in planning future activities. 8

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Objectives and Activities

The objectives of The ClementJames Centre, as stated in the Memorandum and Articles are:

The Main Activities of The ClementJames Centre

The ClementJames Centre is an award-winning charity that empowers the community to release its potential through education, employment and wellbeing support in one of London’s most disadvantaged areas in North Kensington. It targets children, young people and adults most at risk of failing to meet their potential to go onto higher education or employment, and helps them to achieve more by improving their use of English, helping them to learn and providing them with personalised guidance and support. The charity aims to reduce isolation, poverty and unemployment through three aligned programmes and the provision of a community hub and garden:

1. Adult Learning

We support adults to improve their English, Maths and ICT skills. This gives our students the confidence and knowledge to help them succeed and strengthens their place in the community. We offer a wide range of Functional Skills and Community Learning courses.

The challenges our Adult Learning programme addresses:

In addition, recent research has highlighted the uneven distribution of English skills and proficiency in the borough, with residents in the northern wards of the borough, where our centre is located, having lower levels of English proficiency and being more likely to have no qualifications. RBKC also has a high number of households where English is not spoken as a first language. Low levels of English at home mean that many parents and guardians may find it challenging to provide their children with support for their school work at home, making it even more difficult for young people to catch up. Digital inclusion is also a considerable issue in RBKC, with estimates of over 12,000 people having unequal access and capacity to technologies to fully participate in society.

9

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

What our Adult Learning programme offers:

2. Children & Young People’s Education

We help children and young people to learn, flourish and achieve their full potential. This allows them to feel fulfilled and have the opportunities to build the future that they choose. We provide academic support, mentoring, intensive literacy and numeracy support and aspirational activities.

The challenges our Children & Young People’s Education programme addresses:

Young people from Britain’s most marginalised backgrounds face considerable educational disadvantage:

These young people lack the educational support and aspiration that is often taken for granted in other homes. In addition, a lack of capacity in local schools for 1:1 support means many young people risk falling further behind and as a result disengaging from education.

What our Children & Young People’s Education programme offers:

We provide sustained academic support, motivation and encouragement to give disadvantaged young people a fair chance of realising their full potential. We provide children aged 7 to 18 with a combination of:

10

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

role models, and encouraging the young people to think about their futures and raise their aspirations. Some Year 13 students are paired with a mentor from one of our corporate partners. On the mini-mentoring programme known as the Buddy Scheme, trained undergraduates work with Year 8 students, providing hands-on workshops and an insider’s view of their campus. The Futures Fast Track scheme runs in conjunction with UBS and provides a group of Year 12 students with personal support with their employment skills, through a combination of face-to-face and email support;

3. Early intervention

We provide a range of services and programmes to young people with behavioural, emotional and learning challenges, making them more likely to have their education significantly disrupted.

The challenges our Early Intervention programme addresses:

What our Early Intervention programme offers:

4. Employment Support

We help people to gain meaningful and sustainable employment. This enables our clients to improve their quality of life, security and independence. We do this through tailored advice and support, mentoring and work skills activities.

The challenges our Employment Support programme addresses:

11

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

What the Employment Support programme offers:

5. Support & Wellbeing

We empower people to overcome barriers and challenges and to engage with their own wellbeing. This enables our clients to pursue their goals. We do this through the provision of Information, Advice and Guidance, and wellbeing support and activities.

The challenge our Wellbeing & Support programme addresses:

What our Wellbeing & Support programme offers:

12

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

5. Grenfell Tower fire response

The ClementJames Centre is keenly aware that the Grenfell Tower fire has had a lasting impact on the local community. It is with this in mind that we continue to provide support for those affected through our regular provision and have provided more intensive support wherever possible. ClementJames is committed to support this community for as long as needed and we will remain a place of care and service.

6. Related activities

The charity works closely in conjunction with other institutions including primary and secondary schools, universities, cultural institutions, other voluntary sector organisations and companies. Other activities that the charity provides for the local community include:

What distinguishes The ClementJames Centre from the work of many other organisations is that we provide services for the whole family, welcoming every client as an individual and nurturing their potential to achieve and contribute more. We tailor our approach to meet each client’s needs – building a package of support that has measurable impact.

Achievements and Performance

In the academic year 2023-2024, the charity supported 1,537 children and young people (2022-23: 1,624) and 855 adults (2022-23: 870) from its target group. The charity has also been successful in raising sufficient funds both to meet all of its operating costs and to maintain the organisation on a sound financial footing. The principal sources of funding have been the local authority and trusts.

During the academic year 2023-2024, ClementJames activities included:

Adult Learning

13

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Children & Young People’s Education

Early Intervention

Employment Support

Advice Support

Wellbeing Support

14

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Plans for the Future

In 2024, we are producing a new strategic plan that will outline our aims and ambitions over the next 5 years. The voluntary sector, and in particular the North Kensington voluntary sector, has profoundly changed over the last 7 years and it is essential that ClementJames’ services and intentions adapt and evolve. In line with this new strategic plan we will be adopting new values and objectives. A summary of the Strategic Plan aims is as follows:

ClementJames has made sufficient progress in enhancing the Trustee Board with individuals with suitable experience and skills to both support the management team and hold them to account.

Financial Review

Total expenditure for the year amounted to £1,399,065 (August 2023: £1,312,905). Total income amounted to £1,428,244 (August 2023: £1,340,514). The two largest elements of income came from The Royal Borough of Kensington and Chelsea £244,570 (August 2023: £315,467) and Into Uni £190,000 (August 2023: £190,000). Further details of the income from Into Uni can be found in note 14 of the accounts. All restricted funds were fully expended in the year and at 31 August 2024 the charity had unrestricted net assets of £771,698 (£771,698 unrestricted funds) (2023: £742,519 unrestricted funds and £3,389 fixed assets).

The trustees are very grateful to the Royal Borough of Kensington and Chelsea and to all the charitable trusts, institutions and individuals that supported the charity throughout the year. For further information about the voluntary income of the charity see note 2 of the accounts.

15

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Reserves Policy

As at 31 August 2024, the charity held free reserves of £771,698 (unrestricted funds and excluding fixed assets). The trustees have reviewed the charity’s need for reserves, particularly in the current financial climate and with the uncertainty presented by the cost of living crisis, and consider that it is appropriate to continue to seek to set aside free reserves to cover up to six months’ running costs. Free reserves as at 31 August 2024 are sufficient to meet our forecast for over six months’ running costs in 2024-25. The charity is continuing in its fundraising efforts to increase the level of reserves commensurate with the increase in annual expenditure. The purpose of the charity’s unrestricted reserves is to provide the charity with the means to:

Investment Policy

Reserves are held in cash on deposit. Periodically, funds not required in the near future are invested at a higher rate of interest in the Church Benevolent Fund account managed by CCLA Investment Management Limited.

Fundraising Activity Statement

The ClementJames Centre undertakes a range of fundraising activities and receives donations from a broad spectrum of donors and supporters, including companies, trusts, individuals and public bodies. The great majority of the charity’s income is generated from fundraising targeted at trusts and foundations and the local authority.

Income from individual donations is achieved through three to four fundraising events a year, at which attendees can also participate in silent auctions or raffles, as well as signing up to learn more and become supporters of the centre.

As outlined by the Fundraising Regulator, we will take into account the needs of any potential donor who may be considered vulnerable or in need of care and support to make an informed decision. We will not exploit the trust, lack of knowledge or vulnerable circumstance of any donor at any time. We will not take a donation if we know/have good reason to believe that a person lacks capacity or is in a vulnerable position and cannot make an informed decision to donate.

The ClementJames Centre does not outsource any of its fundraising activities to third parties.

The charity received no complaints relating to its fundraising activities in 2023-2024.

Responsibilities of the Trustees

The trustees (who are also the directors of St Clement and St James Community Development Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the result of the charity for

16

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Auditor

A resolution to appoint HaysMac LLP as auditor for the ensuing year will be proposed at the annual general meeting in accordance with section 489 of the Companies Act 2006.

This report has been prepared in accordance with the Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019)

Approved by the trustees on …………………………… 3/12/2024 .. and signed on their behalf by:

……………………………………[Glucina] . (Chair) |[Simon] DocuSigned by: Simon Glucina CA2C05B64A12412...

17

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Auditor’s Report

Independent auditor’s report to the members of St Clement & St James Community Development Project

Opinion

We have audited the financial statements of St Clement and St James Community Development Project for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a 18

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report (which incorporates the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 17, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

19

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the use of restricted funds and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, Charities Act 2011 and Charities SORP.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to recognition of income. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including to those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more the compliance with a law or financial regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Askew (Senior Statutory Auditor) 10 Queen Street Place For and on behalf of HaysMac LLP, Statutory Auditor London EC4R 1AG ………………………………………… 9 December 2024 [= >

20

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Statement of Financial Activities

(Including Income and Expenditure Account) For the year to 31 August 2024

Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities
(Including Income and Expenditure Account) For the year to 31 August 2024Including Income and Expenditure Account) For the year to 31 August 2024g Income and Expenditure Account) For the year to 31 August 2024Income and Expenditure Account) For the year to 31 August 2024penditure Account) For the year to 31 August 2024enditure Account) For the year to 31 August 2024) For the year to 31 August 2024For the year to 31 August 2024year to 31 August 2024ear to 31 August 2024gust 2024ust 2024
Unrestricted
Funds		 Restricted
Funds		 Total 2024 Total 2023
2024 2023
£ £ £ £
Notes
INCOME FROM:
Donations and legacies 2 513,844 882,549 1,396,393 1,330,132
Other tradingactivities 3 6,277 0 6,277 6,862
Investments 25,574 0 25,574 3,520
Total Income 545,695 882,549 1,428,244 1,340,514
EXPENDITURE ON:
Raisingfunds 4 75,607 0 75,607 73,755
Charitable activities 4,11 444,298 882,549 1,326,847 1,239,150
Total Expenditure 519,905 882,549 1,402,454 1,312,905
Net income 25,790 0 25,790 27,609
Funds brought forward 745,908 0 745,908 718,299
Funds at 31 August 771,698 0 771,698 745,908
The notes on pages 24-35 form part of these financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All amounts derive
from continuing activities.
Full comparatives for 2023 arepresented in note 15.

The notes on pages 24-35 form part of these financial statements.

The statement of financial activities includes all gains and losses recognised in the year. All amounts derive from continuing activities.

Full comparatives for 2023 are presented in note 15.

21

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Balance Sheet for the year ended 31 August 2024 Charity Number: 1009253. Company Registration Number: 2677427.

Balance Sheet for the year ended 31 August 2024
Charity Number: 1009253. Company Registration Number: 2677427.y Number: 1009253. Company Registration Number: 2677427. Number: 1009253. Company Registration Number: 2677427.pany Registration Number: 2677427.any Registration Number: 2677427.y Registration Number: 2677427. Registration Number: 2677427.gistration Number: 2677427.istration Number: 2677427.		 Balance Sheet for the year ended 31 August 2024
Charity Number: 1009253. Company Registration Number: 2677427.y Number: 1009253. Company Registration Number: 2677427. Number: 1009253. Company Registration Number: 2677427.pany Registration Number: 2677427.any Registration Number: 2677427.y Registration Number: 2677427. Registration Number: 2677427.gistration Number: 2677427.istration Number: 2677427.		 Balance Sheet for the year ended 31 August 2024
Charity Number: 1009253. Company Registration Number: 2677427.y Number: 1009253. Company Registration Number: 2677427. Number: 1009253. Company Registration Number: 2677427.pany Registration Number: 2677427.any Registration Number: 2677427.y Registration Number: 2677427. Registration Number: 2677427.gistration Number: 2677427.istration Number: 2677427.		 Balance Sheet for the year ended 31 August 2024
Charity Number: 1009253. Company Registration Number: 2677427.y Number: 1009253. Company Registration Number: 2677427. Number: 1009253. Company Registration Number: 2677427.pany Registration Number: 2677427.any Registration Number: 2677427.y Registration Number: 2677427. Registration Number: 2677427.gistration Number: 2677427.istration Number: 2677427.
2024 2023
£ £
Notes
Fixed Assets 7 0 3,389
Current Assets:
Debtors 8 48,837 116,742
Cash at bank & in hand 901,910 851,905
950,747 968,647
Creditors:
Amounts falling due within one year 9 179,049 226,128
Net current assets 771,698 742,519
Net assets 771,698 745,908
The funds of the charity:
Unrestricted funds: General 10,11 771,698 742,519
Unrestricted funds: Designated 10,11 0.00 3,389

These financial statements have been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Trustees on //2024 03/12/2024 and signed on their behalf by:

[Glucina] |[Simon] DocuSigned by: Simon Glucina CA2C05B64A12412...

…………………………………………….

The notes on pages 24-35 form part of the financial statement.

Charity Number: 1009253. Company Registration Number: 2677427.

22

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Statement of cash flows Statement of cash flows Statement of cash flows Statement of cash flows Statement of cash flows Statement of cash flows Statement of cash flows
Year ended 31 August 2024
Note 2024 2023
£ £
Cash flows from operating activities:
Net cash provided by operating activities A 24,431 93,595
Cash flows from investing activities:
Interest income 25,574 3,520
Net cash (used in) investing activities 25,574 3,520
(Decrease)/increase in cash and cash equivalents in theyear 50,005 97,115
Cash and cash equivalents at the beginningof theyear 851,905 754,790
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 901,910 851,905
A. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH PROVIDED BY OPERATING ACTIVITIES
2024 2023
£ £
Net movement in funds 25,790 27,609
Add back depreciation charge 3,389 3,650
Deduct interest income (25,574) (3,520)
Increase/(decrease)in debtors 67,905 6,887
Increase/(decrease)in creditors (47,079) 58,969
Net cashprovided by operating activities 24,431 93,595

23

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Notes of the Financial Statement

Continued Year ended 31 August 2024

1: Accounting Policies

The principle accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019).

The ClementJames Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of accounts on a going concern basis

The trustees consider there are no material uncertainties about the charity's ability to continue as a going concern. The review of the charity’s financial position, reserves levels and future plans, gives trustees confidence the charity remains a going concern for the foreseeable future.

Income recognition

All income is recognised once the charity has entitlement to that income, receipt is probable and the amount of income receivable can be measured reliably.

Expenditure recognition

All expenditure is recognised on an accruals basis as a liability is incurred as follows;

VAT

The charity is not registered for VAT.

Financial Instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

24

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees and in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Employee benefits

Legal status

The ClementJames Centre is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The members are the trustees. There were 10 members on 31 Aug 2024 (2023:11).

Judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no areas within the financial statements that required the trustees to make significant judgements or estimates during the year.

25

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

2. Grants, Donations & Legacies

2. Grants, Donations & Legacies
Unrestricted Restricted Total 2024 Total 2023
Grants £ £ £ £
Donations & Legacies
ABN Amro Bank 0 0 0 440
All Aboard Shops 0 1,000 1,000 500
Arts Council England 0 5,000 5,000 0
Audley Travel 0 500 500 750
BBC Children in Need 0 0 0 22,744
Campden Charities 10,500 0 10,500 9,000
CityBridge 0 30,000 30,000 0
Charities Aid Foundation 0 0 0 77,778
Chelsea Rotary Fund 0 0 0 100
Childhood Trust 0 9,337 9,337 0
Co-op 0 1,119 1,119 0
Corcoran Foundation 1,000 0 1,000 2,000
DE Group 0 0 0 749
Dunnhumby 0 0 0 224
Enterprise Holdings Foundation 0 0 0 2,000
Esmee Fairbairn Foundation 0 0 0 15,000
Ernst and Young 0 15,000 15,000 15,000
Ground Works UK 0 1,500 1,500 0
HenryOldfield Trust 0 4,167 4,167 5,833
Henry Smith Foundation 0 37,200 37,200 62,800
Hollick FamilyFoundation 0 10,000 10,000 10,000
IntoUni* 0 190,000 190,000 190,000
Johnson and Johnson 0 1,600 1,600 0
John Lyon's 0 3,000 3,000 0
KCSC 0 24,718 24,718 32,652
K&C Foundation 0 46,000 46,000 46,500
L&Q Place Makers Fund 0 0 0 5,000
Mercers' Company 0 25,000 25,000 29,000
Michael Page 0 300 300 0
National Lottery Community Fund 0 110,000 110,000 65,274
NewbyTrust 10,000 0 10,000 0
Anonymous 100,000 0 100,000 50,000
Souter Charitable Trust 3,000 0 3,000 3,000
SUEZ 0 30,000 30,000 1,980
TAM Asset Management 12,710 0 12,710 0
The Belpech Trust 2,500 2,500 5,000 2,500
The Drapers' Charitable Fund 0 15,000 15,000 0
The Gosling Foundation 0 833 833 4,167
The Grace Trust 2,000 0 2,000 0

26

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

The Grenfell Foundation 2,028 5,500 7,528 1,753
The Headley Trust 25,000 0 25,000 0
The Helen Hamlyn 0 1,333 1,333 0
The Hiscox Foundation 0 25,000 25,000 0
The Julia & Hans Rausing 0 27,500 27,500 0
The Leigh Trust 2,000 0 2,000 0
The Lightbulb Trust 0 30,000 30,000 15,000
The Linbury Trust 0 50,000 50,000 55,000
The North Kensington CommunityEnergy 0 500 500 0
The Ogden Trust 0 5,000 5,000 5,000
The Peter Stormonth DarlingCharitable Trust 0 2,708 2,708 5,625
The Progress Foundation 0 15,000 15,000 12,500
The Royal Borough of Kensington & Chelsea 130,442 114,129 244,571 315,467
The Trussell Trust 0 600 600 0
The Sobel Foundation 20,000 0 20,000 0
Thomas's Schools Foundation 0 3,000 3,000 3,000
Toast Brewing 0 1,000 1,000 0
West London Zone 0 18,459 18,459 23,750
William Allen YoungTrust 0 2,379 2,379 476
Worshipful Company of International Bankers 1,000 8,000 9,000 1,000
Worshipful Company of Chartered Secretaries and
Administrators		 0 2,000 2,000 0
W O Street Charitable Foundation 0 2,667 2,667 1,333
Wyseliot 0 4,000 4,000 4,000
29th May1961 Charitable Trust 5,000 0 5,000 5,000
Individual donations 186,664 0 186,664 226,237
Total 513,844 882,549 1,396,393 1,330,132

27

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

DE Group 0 749 749 0
Dunnhumby 0 224 224 143
Du Plessis Family Foundation 0 0 0 0
Enterprise Holdings Foundation 2,000 0 2,000 0
Esmee Fairbairn Foundation 0 15,000 15,000 10,000
Ernst and Young 0 15,000 15,000 0
Ground Works UK 0 0 0 800
Henry Oldfield Trust 0 5,833 5,833 0
Henry Smith Foundation 0 62,800 62,800 37,000
Hollick Family Foundation 0 10,000 10,000 -
IntoUni* 0 190,000 190,000 190,000
KCSC 0 32,652 32,652 34,563
K&C Foundation 0 46,500 46,500 30,500
L&Q Place Makers Fund 0 5,000 5,000 5,000
London Community Foundation 0 0 0 11,500
London Community Foundation and Evening
Standard		 0 0 0 15,000
Mercers' Company 0 29,000 29,000 0
National Lottery Community Fund 0 65,274 65,274 102,520
Paddington Development Trust: Community
Grants		 0 0 0 18,000
Anonymous 50,000 0 50,000 0
Sheila's Fund 0 0 0 25,000
Souter Charitable Trust 3,000 0 3,000 0
SUEZ 0 1,980 1,980 40,000
The Belpech Trust 0 2,500 2,500 0
The Borrows Charitable Trust 0 0 0 1,000
The Gosling Foundation 0 4167 4,167 1,000
The Grenfell Foundation (Fight 4 Grenfell) 1,753 0 1,753 0
The Lightbulb Trust 0 15,000 15,000 0
The Linbury Trust 0 55,000 55,000 50,000
The Ogden Trust 0 5,000 5,000 0
The Peter Stormonth Darling Charitable Trust 5,625 0 5,625 18,000
The Progress Foundation 0 12,500 12,500 0
The Royal Borough of Kensington & Chelsea 235,722 79,745 315,467 293,610
Thomas's Schools Foundation 0 3,000 3,000 2,500
West London Zone 0 23,750 23,750 22,868
William Allen Young Trust 0 476 476 0
Worshipful Company of International Bankers 0 1,000 1,000 1,000
W O Street Charitable Foundation 0 1,333 1,333 1,000
Wyseliot 0 4,000 4,000 4,000
29th May 1961 Charitable Trust 5,000 0 5,000 0
Individual donations 211,236 15,001 226,237 200,779
Total 514,436 815,696 1,330,132 1,289,644

28

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

----- Start of picture text -----
|||||| |---|---|---|---|---| |3: Other Trading Activities| |Unrestricted|Restricted|Total 2024|Total 2023| |£|£|£|£| |Rentals|5,483|0|5,483|5,100| |Miscellaneous|794|0|794|1,762| |6,277|0|6,277|6,862|

----- End of picture text -----

All other trading income in 2024 & 2023 was unrestricted.

4. Total Expenditure

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Staff Costs|Direct Costs|Support Costs|Total 2024|Total 2023| |£|£|£|£|£| |Raising funds|75,607|0|0|75,607|73,755| |Charitable Activities| |Capital|0|0|12,250|12,250|20,109| |Adult Learning|185,140|13,872|20,720|219,732|227,570| |Children & Young People|403,636|32,027|42,940|478,603|337,244| |Depreciation|0|0|0|3,389|3,650| |Employment Support|267,723|10,655|29,703|308,081|357,611| |Wellbeing and Support|251,442|14,508|30,021|295,971|281,082| |Governance| |Misc Expenditure|0|0|0|(3,789)|337| |External Audit|0|0|11,220|11,220|10,200| |Trustees Indemnity Insurance|0|0|1,390|1,390|1,347| |1,107,941|71,062|148,244|1,326,847|1,239,150| |Total expenditure|1,183,548|71,062|148,244|1,402,454|1,312,905| |4a. Total Expenditure 2023 Comparison| |Staff|Costs|Direct|Costs|Support|Costs|Total 2023|Total 2022| |£|£|£|£|£| |Raising funds|73,755|0|0|73,755|71,489| |Charitable Activities| |Capital|0|0|20,109|20,109|0| |Adult Learning|178,938|19,113|29,519|227,570|214,813| |Children & Young People|294,932|19,697|22,615|337,244|303,017| |Depreciation|3,650|3,650|3,650| |Employment Support|309,793|16,157|31,661|357,611|322,726| |Wellbeing and Support|235,525|15,937|29,620|281,082|286,270| |Governance|

----- End of picture text -----

29

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Misc Expenditure|0|0|337|337|0| |External Audit|0|0|10,200|10,200|8,820| |Trustees Indemnity Insurance|0|0|1,347|1,347|1,337| |1,019,188|70,904|149,058|1,239,150|1,140,633| |Total expenditure|1,092,943|70,904|149,058|1,312,905|1,212,122|

----- End of picture text -----

4b. Analysis of Support Costs

----- Start of picture text -----
|||| |---|---|---| |Total 2024|Total 2023| |£|£| |Repairs and Maintenance|44,412|31,290| |Gifts and Events|7,126|3,943| |Legal Professional Fees|21,710|17,892| |Rent|18,500|16,000| |Insurance|12,784|13,428| |Advertising|3,540|12,257| |Other|40,172|54,248| |Total Support Costs|148,244|149,058| |5. Net Income for the Year| |Total 2024|Total 2023| |£|£| |This is stated after charging/crediting| |Auditors remuneration (including VAT)| |Audit|11,220|10,200| |11,220|10,200| |No Trustee received remuneration in the current or prior year.| |6. Staff Costs| |Total 2024|Total 2023| |£|£| |Staff Costs were as follows:| |Salaries and wages|1,034,506|967,287| |Social security costs|90,986|76,799| |Pension contributions|46,798|41,107| |Other staff costs|11,258|7,750| |1,183,548|1,092,943|

----- End of picture text -----

One employee received between £60,000 - £70,000 during the year (2023: £60,000-£70,000 one). The

30

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

employee is part of the charity’s Aviva pension scheme.

The total cost to the charity of employing its key management personnel of the charity was £392,149 (2023: £323,942). The key management personnel of the charity are considered to be the 3 team managers, Operations Manager, the Chief Operations Officer, the Chief Programmes Officer and the Chief Executive. It should be noted that a significant percentage of team managers' time is spent delivering their programmes.

6a. Staff Numbers

6a. Staff Numbers 6a. Staff Numbers 6a. Staff Numbers
Total 2024 Total 2023
Number Number
Project delivery staff 22 25
Management & support staff 12 12
34 37

7. Fixed Assets

7. Fixed Assets 7. Fixed Assets 7. Fixed Assets
Land & Buildings
£
Cost
At 1st September 2023 21,639
Additions 0
At 31 August 2024 21,639
Accumulated Depreciation
at 1 September 2023 18,250
Charge foryear 3,389
At 31 August 2024 21,639
Net Book Value
At 31 August 2024 0
At 31 August 2023 3,389

31

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

9. Creditors

Amounts falling due within one year

9. Creditors
Amounts falling due within one yearg due within one year due within one yearyearear
Total 2024 Total 2023
£ £
Accruals 52,445 41,536
Deferred income 126,604 184,592
179,049 226,128
Deferred income relates to grants and donations paid in advance of the period in which they are to be
spent.
Total 2024 Total 2023
Analysis of deferred income: £ £
Balance brought forward 1 September 2023 184,592 136,919
Releasedto SOFAduringthe year (184,592) (136,919)
Amount deferred duringtheyear 126,604 184,592
Balance at 31st August 2024 126,604 184,592
10. Analysis of net assets between funds
Unrestricted Restricted Total
Funds Funds Funds
2024
£ £ £
Fixed assets 0 0 0
Current assets 950,747 0 950,747
Current liabilities (179,049) 0 (179,049)
Net current assets at 31 August 2024 771,698 0 771,698

32

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

11. Designation and Restriction of funds

11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds 11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds 11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds 11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds 11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds 11. Designation and Restriction of fundsgnation and Restriction of fundsnation and Restriction of funds
at 31 Aug at 31 Aug
2023 Income Expenditure 2024
Programme Designation: £ £ £ £
Capital
Restricted 0 0
Unrestricted 0 12,250 (12,250) 0
12,250 (12,250)
Adult Learning
Restricted 0 22,879 (22,879) 0
Unrestricted 0 210,814 (210,814) 0
233,693 (233,693)
ChildrenandYoungPeople
Restricted 0 314,251 (314,251) 0
Unrestricted 0 188,490 (188,490) 0
502,741 (502,741)
Employment Support
Restricted 0 325,070 (325,070) 0
Unrestricted 0 10,590 (10,590) 0
335,660 (335,660)
Wellbeing& Support
Restricted 0 220,349 (220,349) 0
Unrestricted 0 94,372 (94,372) 0
314,721 (314,721)
Designated Fund
(Fixed Asset) Restricted 0 0 0 0
Unrestricted 3,389 0 (3,389) 0
0 (3,389)
General Fund
Restricted 0 0 0 0
Unrestricted 742,519 25,789 0 768,308
0 25,789 0 0
Total Restricted 0 882,549 (882,549) 0
Total Unrestricted 745,908 545,695 (519,905) 771,698
Total funds 1,428,244 (1,402,454)

33

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

11a. Designation and Restriction of funds 2023 Comparison

11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison 11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison 11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison 11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison 11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison 11a. Designation and Restriction ofgnation and Restriction ofnation and Restriction off funds 2023 Comparisonunds 2023 Comparisonparisonarison
at 31 Aug at 31 Aug
2022 Income Expenditure 2023
Programme
Designation:		 £ £ £ £
Capital
Restricted 0 15,000 (15,000) 0
Unrestricted 0 5,109 (5,109) 0
20,109 (20,109)
Adult Learning
Restricted 0 33,476 (33,476) 0
Unrestricted 0 216,273 (216,273) 0
249,749 (249,749)
Children
and
Young
People
Restricted 0 226,680 (226,680) 0
Unrestricted 0 127,624 (127,624) (0)
354,304 (354,304)
Employment Support
Restricted 0 358,796 (358,796) 0
Unrestricted 0 22,699 (22,699) (0)
381,495 (381,495)
Wellbeing & Support
Restricted 0 181,744 (181,744) 0
Unrestricted 0 121,517 (121,517) (0)
303,261 (303,261)
Designated Fund
(Fixed Asset) Restricted 0 0 0 0
Unrestricted 7,039 0 (3,650) 3,389
0 (3,650)
General Fund
Restricted 0 0 0 0
Unrestricted 711,260 31,596 (337) 742,519
0 31,596 (337) 0
Total Restricted 0 815,696 (815,696) 0
Total Unrestricted 718,299 524,818 (497,209) 745,908
Total funds 718,299 1,340,514 (1,312,905) 745,908

12. Accommodation

The charity leases its main building at a peppercorn rent from the Church and additional premises from the Church at a rate that would not be available on the open market. Since this accommodation would not be

34

Docusign Envelope ID: FCC15EBF-1C71-4DB2-8FB5-A56AF1BA86EF

available on the open market, it is not possible to quantify this benefit. The charity is responsible for all repairs and maintenance required on its premises.

13. Control

The charity has no individual who can exercise ultimate control.

14. Related party transaction

During the period the charity received grants from IntoUni totalling £190,000. Sophia Lewisohn (one of the charity's trustees) was also a trustee of IntoUni during the period.

The aggregate of donations received from the Trustees & related parties in the year was £6,607 (2023 £19,105).

At year end, a balance of £7,793 was owed to IntoUni by the charity and a balance of £2,254 was owed to the charity by IntoUni.

15. Statement of Financial Activities Comparisons

AT 31 AUGUST 2023 AT 31 AUGUST 2023 AT 31 AUGUST 2023 AT 31 AUGUST 2023 AT 31 AUGUST 2023 AT 31 AUGUST 2023 AT 31 AUGUST 2023
Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
Notes
INCOME FROM:
Donations and legacies 2 514,436 815,696 1,330,132 1,289,644
Other trading activities 3 6,862 0 6,862 7,436
Investments 3,520 0 3,520 270
Total Income 524,818 815,696 1,340,514 1,297,350
EXPENDITURE ON:
Raising funds 4 73,755 0 73,755 71,489
Charitable activities 4,11 423,454 815,696 1,239,150 1,140,633
Total Expenditure 497,209 815,696 1,312,905 1,212,122
Net income 27,609 0 27,609 85,228
Funds broughtforward 718,299 0 718,299 633,071
Funds at 31 August 745,908 0 745,908 718,299

35