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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
||||Note|2023|2023|2023|2022|
|INCOME FROM:||||||||
|Donations||||23,918||23,918|29,052|
|Charitable
activities||||691,002|355,121|1,046,123|993,832|
|Investment
income||||19,146||19,)46|5,801|
|TOTAL INCOME||||734,066|355,121|1,089,187|1,028,685|
|EXPENDITURE ON:||||||||
|Charitable
activities||||669,940|367,842|1,037,782|1,088,572|
|TOTAL EXPENDITURE||||669 940|367 842|1037782|1 088 572|
|Net income / (expenditure)||for the year||64,126|(12,721)|51,405|(59,887)|
|Transfers
between|funds|||||||
|Net movement
in funds||||64,126|(12,721)|51,405|(59,887)|
|Total funds brought|forward|||568,197|416,713|984,910|1,044,797|
|Total funds carried forward|||13|632 323|403 992|1036315|984 910|
##
|Balance Sheet||||||||
|---|---|---|---|---|---|---|---|
|As at 31Au ust|2023|||||||
|||||2023|2023|2022|2022|
||||Notes||g||g|
|FIXEDASSETS||||||||
|Tangible assets|||||28,242||34,180|
|CURRENT ASSETS||||||||
|Debtors|||9|368,270||217,130||
|Cash at bank and|in hand|||1,316,995||1,042,271||
|||||1,685,265||1,259,401||
|CREDITORS: Amounts||falling||||||
|due within one year|||10|~677 192||308 671||
|NET CURRENT|ASSETS||||1 008073||950730|
|TOTAL NET ASSETS|||||1,036,315||984,910|
|FUNDS||||||||
|Restricted funds|||||403,992||416,713|
|Unresnicted|funds:|||||||
|General funds||||632,323||568,197||
|Total unrestricted|funds||||632,323||568,197|
|TOTAL FUNDS|||13||1 036315||986910|
##
##
|Statement ofCash Flow|s|||||||
|---|---|---|---|---|---|---|---|
|For the Year Ended 31|Au|ust 2023||||||
||||Note|2023|2023|2022|2022|
||||||||f.|
|Net cash provided
by / (used in)||||||||
|operating
activities|||16||258,397||(388,654)|
|Cash flows from investing|activities:|||||||
|Interest/
rent/ dividends
from||||||||
|investments||||19,146||5,801||
|Sale/(purchase)
of fixed assets||||(2,819)||(I0,919)||
|Cash provided
by /(used|in) investing|||||||
|activities|||||16,327||(5,118)|
|Change
in cash and cash|equivalents|||||||
|in the year|||||274,724||(393,772)|
|Cash and cash equivalents|at the|||||||
|beginning of the year|||||1,042771||1,436,043|
|Cash and cash equivalents|at|the end||||||
|ofthe year|||17||I316995||I 042 271|
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|AUGUST|2022 (|COMPA|RATIVES)||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||
|||||Funds|Funds|Total Funds|
|||||2022|2022|2022|
|INCOME|FROM:||||||
|Donations||||29,052||29,052|
|Charitable|activities|||471,668|522,164|993,832|
|Investment|income|||5,801||5,801|
|TOTAL INCOME||||506,521|522,164|1,028,685|
|EXPENDITURE ON:|||||||
|Charitable|activities|||552,204|536,368|1,088,572|
|TOTAL EXPENDITURE||||552,204|536,368|1,088,572|
|Net income|/ (expenditure)||for the year|(45,683)|(14,204)|(59,887)|
|Transfers
between||funds||(12,047)|12,047||
|Net movement
in funds||||(57,730)|(2,157)|(59,887)|
|Total funds|brought|forward||625,927|418,870|1,044,797|
|Total funds|carried forward|||568,197|416,713|984,910|
##
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|INCOME FROM|DONATIONS|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||Funds|Funds|Total|Total|
|||2023|2023|2023|2022|
|Aldgate
Community|Fund|2,620||2,620||
|Bluespark
Foundation|||||1,499|
|Edge Brokers Ltd|||||2,900|
|National
Lottery||3,662||3,662|3,661|
|Other donations||6,165||6,165|17,992|
|Silicon Valley Bank||10,070||10,070||
|Tesco Community|Grants|1,401||1,401||
|Wogen Anniversary|Trust||||3,000|
|TOTAL||23,918||23,918|29,052|
##
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2023|2023|2023|2022|
|||||||f.|
|ADM Investor Services Ltd|||64|8,750|8,814|6,892|
|Allen & Overy|||14,062|8,000|22,062|9,379|
|Bank of England|||1,024|10,500|11,524|8,677|
|Barclays|||122,750||122,750|72,810|
|BBCChildren
in Need||||||19,902|
|Bishop Challoner
School|||10,000||10,000||
|Blackrock Invesnnent|||352|15,229|15,581|9,766|
|Bloomberg|||768|5,000|5,768|1,550|
|BNP Paribas Asset Management|||5,000||5,000||
|Canary Wharf Group||||5,000|5,000||
|Clifford Chance|||7,000|8,000|15,000|15,000|
|Clyde &Co LLP|||1,380|8,000|9,380||
|Credit Suisse|||2,814||2,814|8,170|
|Company ofActuaries|Charitable|Trust Fund|5,500||5,500||
|Foundation
for Future|London||60,500||60,500|5,500|
|Fitch Ratings Ltd|||64|5,110|5,174||
|Herbert
Smith Freehills||||6,700|6,700|6,956|
|ING||||5,000|5,000|4,357|
|ION Trading UK Ltd||||5,000|5,000||
|JP Morgan|||8,816|42,984|51,800|295,768|
|Jack Petchey|||10,680||10,680||
|KPMG|||608|15,000|15,608|15,532|
|Lloyds|||103,041|123,011|226,052|180,644|
|London Borough ofTower Hamlets||||25,000|25,000|25,000|
|London Enterprise
Academy|||6,600||6,600||
|Man Group|||30,408||30,408|28,800|
|Mulberry
Stepney Green Maths,||Computing|||||
|and Science College|||13,400||13,400|6,000|
|Paul Hastings
(Europe)|LLP||32|5,000|5,032||
|SEIC||||6,700|6,700|6,700|
|St Paul's Way trust School|||20 500||20 500|7 500|
|Total carried forward|||425,363|307,984|733,347|734,903|
##
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2023|2023|2023|2022|
||||||f|f|
|Brought forward|||425,363|307,984|733,347|734,903|
|Talbot Underwriting|Ltd|||10,000|10,000||
|The Buzzacott Stuart|Defries Memorial|Fund|448|5,000|5,448||
|The Edge Foundation||||||7,250|
|Travers
Smith|||3,582|5,000|8,582|7,420|
|Trowers & Hamlins||||||5,000|
|UBS|||13,224||13,224|5,233|
|Others|||45,785|27,137|72,922|86,426|
|Service Level Agreements:|||||||
|SLA —Primary|||24,600||24,600|17,600|
|SLA —Secondary|||178,000||178,000|130,000|
|TOTAL|||691002|355 121|I 046 123|993832|
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|ANALYSIS|OF EXPENDIT|URE||||||
|---|---|---|---|---|---|---|---|
|||Basis of|Charitable|Support|Governance|||
|||allocation|activities|costs|costs|Total 2023|Total 2022|
|Audit fees||Direct|||5,000|5,000|5,000|
|Bad Debts||Direct|||||208|
|Bank charges||Direct||||649|441|
|Bursaries paid||Direct|20,500|||20,500|18,700|
|Cleaning
services||Direct||4,204||4,204|3,783|
|Consultancy||Direct|||||(3,500)|
|Depreciation||Direct||8,757||8,757|10,764|
|Direct projects
expenditure||Direct|76,289|||76,289|222,347|
|Insurance
/health|& safety|Direct||5,331||5,331|4,921|
|IT&Telephone
costs||Direct||67,125||67,125|72,697|
|Marketing
and website development||Direct|||||21,475|
|Other sundry
expenses||Direct|4,462|10,807||15,269|11,612|
|Other governance|costs|Dicot|||4,040|4,040|2,414|
|Printing,
postage|&. stationery|Direct||4434||4,434|2,726|
|Rent and rates||Direct||78,661||78,661|73,872|
|Staffcosts||Direct|679,007|2,202||681,209|580,061|
|Subcontractors||Staff time|18,050|27,522||45,572|44,743|
|Training
&recruitment||Direct||20,742||20,742|16,308|
||||798,308|229,785|9,689|1,037,782|1,088,572|
|Support costs||Staff time|229,785|(229,785)||||
|Governance
costs||Staff time|9,689||(9,689)|||
|Total expenditure|2023||I 037782|||I 037782||
|Total expenditure|2022||I 088 572|||I 088 572||
##
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|NET INCOME / (EXPENIHTURE)|NET INCOME / (EXPENIHTURE)|||
|---|---|---|---|
|||2023|2022|
|This is stated after charging:||||
|Operating
lease rentals|on property|71,705|66,832|
|Depreciation of tangible|fixed assets|8,757|10,764|
|Auditors'
remuneration|- audit services|4,167|4,167|
##
|STAFF COSTS|||||
|---|---|---|---|---|
||||2023|2022|
|Employee
costs during|the year amounted|to:|||
|Salaries|||595,692|506,723|
|Social security costs|||55,711|48,018|
|Pension costs|||27,382|23,236|
|Health care costs|||2,424|2,084|
||||681209|580 061|
|the repor|ting
period amounted
to over f60,0|00 was as follows:||
|---|---|---|---|
|||2022,|202$|
|||No.|No.|
|660,000|- f69,999|1|1|
##
##
|||||Fixtures||
|---|---|---|---|---|---|
||||Computer|Fittings &||
||||Equipment|Equipmentf|Total|
||COST|||||
||At the beginning of the|year|75,070|42,112|117,182|
||Additions||521|2,298|2,819|
||At the end of the year||75,591|44,410|120,001|
||DEPRECIATION|||||
||At the beginning of the|year|48,452|34,550|83,002|
||Charge for the year||6 785|I 972|8 757|
||At the end of the year||55,237|36,522|91,759|
||NET BOOK VALUE|||||
||At the end ofthe year||20 354|7888|28 242|
||At the beginning of the year||26 618|7 562|34 180|
|9.|DEBTORS|||||
|||||2023f|2022
f.|
||Grants and contract debtors|||341,619|190,157|
||Prep ayments|||10,189|10,511|
||Other debtors|||16462|16462|
|||||368,270|217,130|
|10.|CREDITORS: Amounts|falling due within|one year|||
|||||2023|2022|
||Trade creditors|||14,755|19,226|
||Accruals|||5,851|5,000|
||Taxation and social security|||19,992|12,250|
||Deferred income|||617,915|263,794|
||Other creditors|||18,679|8,401|
|||||677,192|308,671|
##
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|ANALYSIS OF
2023|NET ASSETSBETWEEN|FUNDS FORTHE Y|EARENDED|31AUGUSf|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|||2023|2023|2023|
|Funds Balances at 31August 2023|||||
|are represented|by:||||
|Tangible fixed assets||28,242||28,242|
|Net current assets||604,081|403,992|1,008,073|
|Total Net Assets||632 323|403 992|1 036315|
|ANALYSIS OF
2022|NET ASSETSBETWEEN|FUNDS FOR THE Y|EARENDED|31AUGUS|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|||2022|2022f|2022|
|Funds Balances at 31August 2022|||||
|are represented|by:||||
|Tangible fixed assets||34,180||34,180|
|Net current assets||534,017|416,713|950,730|
|Total Net Assets||568 197|416713|984 910|
##
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|For the Year Ende|d 31Au
ust 2023|d 31Au
ust 2023|d 31Au
ust 2023|d 31Au
ust 2023|||||
|---|---|---|---|---|---|---|---|---|
|13.
MOVEMENT|IN FUNDS FOR THE YEAR ENDED||||31AUGUST||2023||
|||At the start||||||At the end|
|||ofthe year|Income|Expenditure||Transfers||ofthe year|
|||5|||||||
|Restricted funds:|||||||||
|Become More - Aspirations|||||||||
|(Aim 2 Attain)||91,484|16,536||(20,464)|||87,556|
|Business mentoring||295,470|338,585||(347,378)|||286,677|
|NNP-Curriculum||29 759||||||29759|
|Total restricted
funds||416,713|355,121||(367,842)|||403,992|
|Unrestricted
funds:|||||||||
|General funds||568,197|734,066||(669,940)|||632,323|
|Total unrestricted|funds|568,197|734,066||(669,940)|||632,323|
|Total funds||984,910
1,089,187||(1,037,782)||||1,036,315|
|14.
MOVEMENT|IN FUNDS FOR THE YEAR ENDED||||31AUGUST||2022||
|||At the||||||At the|
|||start of||||||end ofthe|
|||the year|||Expenditure||Transfers|year|
|Restricted funds:|||||||||
|Become More - Aspirations||(Aim 2|||||||
|Attain)||99,294|26,810||(34,620)|||91,484|
|Business mentoring||295,576|238,745||(238,851)|||295,470|
|NNP-Curriculum||29,759||||||29,759|
|Transitions
project||(12,047)|||||12,047||
|IP Morgan Project||6 288|256 609||262 897||||
|Total restricted
funds||418870|522 164||536 368||12047|416713|
|Unrestricted
funds:|||||||||
|General
funds||625,927|506,521||(522,204)||(12,047)|568,197|
|Total unrestricted|funds|625 927|506 521||522 204||12047|568 197|
|Total funds||1 044 797|1 028685||I 088 572|||984910|
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|16.|RECONCILIATION|OF NKT INCOME|OF NKT INCOME|/ (EXPENDITURE)|TO NET|CASHFLOW|
|---|---|---|---|---|---|---|
||FROM OPERATING|ACTIVITIES|||||
||||||2023|2022|
||Net movement
in funds for the reporting||period||51,405|(59,887)|
||(as per the statement|offinancial activities)|||||
||Depreciation||||8,757|10,764|
||Interest, rent and dividends
from investments||||(19,146)|(5,801)|
||(Increase)/ decrease in|debtors|||(151,140)|(140,471)|
||Increase/(decrease)
in|creditors|||368,521|(193,259)|
||Net cash provided
by|/ (used in) operating||activities|258 397|388654|
|ANAL
2023|YSIS OFCASH AND CASH EQUI|VALENTS FOR THK YE|AR ENDED|31AUGUST|
|---|---|---|---|---|
|||At the start|Cash|At the end|
|||ofthe year|flows|ofthe year|
|||K|g|g|
|Cash|at bank and in hand|1 042 71|274724|1 316995|
|Total|cash and cash equivalents|1042 271|274 724|1316995|
|ANAL
2022|YSIS OFCASH AND CASH EQUIV|ALENTS FOR THK YE|AR ENDED|31AUGUSI|
|---|---|---|---|---|
|||At the||At the end|
|||start of|Cash|ofthe|
|||the year|flows|year|
||||g|g|
|Cash|at bank and in hand|1 436 043|393 772|1 042 271|
|Total|cash and cash equivalents|1,436,043|393,772)|1,042,271|
##
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|The min|imum
annual
rentals payable
under|the leases are as follows:||
|---|---|---|---|
|||2023|2022|
|Within|1 year|76,463|71,463|
|Within|2-5 years||76,463|
|||76 463|147926|
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