breakthrough programmes Annual Report and Accounts Year Ended 30 June 2023 ¥ACVFZRPE' 2Y0112tr24 COMPANIES HOUSE
273
Contents of the Financial Statements For Year Ended 30 June 2023 Report of the Trustees Independent Examinerfs Report Statement of Financial Actlvities io Balance Sheet 11-12 Cash Flows Statement Notes to the Flnaneial Statements
Company registration number 02930456 Registered charity number 1041855 Trustees Chair.. Mr B Rose Mr A Basu (elected 25 January 2023) Ms S Cook Ms A Kalombodza Ms N Mills-Robertson Mr C Murray Mr M Parton Mr D Woolley Chief Executive Officer Ms E Garraway Management Executive Tea Ms E Garraway Ms A Asantewa Ms A Barradell Mr M Charley Mr J Down Company Secretary MrJ Down Registered addre&s The Old Warehouse, 31 Upper lting Street. Royston, SG8 9AZ Solicitors Harbottle & l£wis Lll), 7 Savoy Court. LA)ndon WC2R OEX Bankers HSBC UK Bank PIC, 55 Corporation Street, Coventry, Cvi IGX Independent Examlner Mr Alberto Di Lorenzo FCA HW Bedford Limited First Floor, Woburn Court 2 Railton Road, Kempston Bedford, MK42 7PN
Report of the Trustees sexual abuse, drug or other substance abuse, criminal activity, poverty, homelessness, unemployment or illiteracy; to help them improve their condition and thereby become useful members of society. The trustees confirm that they have. referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charitys aims and objectives and in planning future activities and setting the grant making policy for the year and are satisfied that the charity is in compliance. The trustees of Grit who served during the year were: Chair: Mr B Rose The trustees present their annual report and financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of the Statement of Recommended Practice for accounting and reporting by charities (in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preparing the annuaI report and financial statements of the charity. Status and administration The Charity was originally registered with the Charity Commission by Trust Deed in May 1991 under registration number 1041855. On 31 January 1995, it was wound up and reconstituted on i February 1995 as a company limited by guarantee, governed by its Memorandum and Articles of Association. The company registration number is 2930456. The charity changed its name from "Youth at Risk (UK)" to "Grit". Breakthrough Programmes" with Companies House on the 9th June 2017 and with the Charity Commission on ioth August 2017. Mr N Basu (elected 2P January 2023) Ms S Cook Ms A Kalombodza Ms N Mills-Robert50n Mr C Murray Mr M Parton Mr D Woolley The day to day running of the organisation is delegated to the CEO, Ellie Garraway. Object of the charity The principal activity of the charity is to advance the social education of young people who are deemed to be at risk either from physical, mental or
A word from the CEO The majority of Grit's work takes place in partnership with educational institutions and all of it- more broadly- takes place within the public sector. Both young people and professionals in these sectors have talked increasingly to us over the last year about the pressure, exhaustion, anxiety and - at times- growing isolation they feel. They exist and operate within an environment which seems to ever more challenging in tern of what they are being asked/expected to achieve, the limitations they experience and the landscape they look out at in the future. At CriL we recngnise that we n't change this environment and these challenges- at least not in the short terni - yet what we can do is to give people the Spa to unpack their experiences, to share and to (x>nnect. We find that within the rigorously safe and high]y SUPFK)rtive boundaries of a Grit workshop, participants reignite their sense of purpose, share with others on the basis of their Ix)mmon humanity and generate a sense of Optimism, activism and joy alM)Ut what's tK)ssible. It is a privilege to provide this space, e$IallY for those who experience the highest levels of challenge and we re(x)gnise the necessity of this for those that participate- the lifeline that it offers. In serviee of that necessity, we have spent the last year rigorously exploring the ways to (i) hone in on quality continuously and {2) grow the reach and the impact ofthe work In terms of quality, we have grown and diversifi our training team, recruiting, training and supervising new trainets as well as developing and quality-assuring existing trainers. We have chosen to invest a significant portion of our surplus rerVeS tn e.nsiire there is a mbiist succession plan and we continue to deliver to our quality Standard as we grow the work. Our commitment to quality has also seen us snding more time with our partners and participants, listening and engaging with them through fornrns, roundtable events. fceus groups and external evaluation& This helFKS US to keep our own learning journey alive and to remain curious and open about the ways we (xn serve those we work with using the unique'Grit' ingredients. In terms of broadenins the reach of the work, our increas&1 focus on working with professionals - within Children's Services Teams, Community Safety Partnerships as well as within schools and universities- enables us to create a breadth of impact. PrOf10nals working in a more relationship-focused way taking a coaching approach and feeling more connected to their own vision for change has a signific2Dt ripple effect on the families young people and students they serve. We a]so continue to innovate with our newer workshops - our Black Iraders programme has been our fastest growing progrdmme over the last year. with a pilot aLs0 taking place with secondary aged pupils. Alongside this, we have Iwn to explore and pilot an employability programme for university Students a5 well as building new partnerships with youth clubs, Uni Connect partners and universities thernse]ves to work with younger pupils in years 9 to So, it's been a busy. challenging. exciting and galvanising year for the Grit team. We acknowledge the diffieulties and limitations of the times in whid) we're operating. This only strengthens our commitment to providing young people (and those that serve them) with a space in which they experience being valued, underst(rf challenged and in which they can imagine a tUre that excites them and create a community of support that will work with them to Set there. Ellie Garraway. CEO
Review of 2022-23 of the pandemic has been a running theme. Over the year we worked with 1804 young people of which 88% said our programmes are good or excellent. We worked with more than 709 adults. 5% more than our targeL Over 85% said the programmes were good or excellenL 76% of young people said they felt more optimistic about the year ahead. In partnersbip with the University of Sheffield we de]ivered workshops to raise aspiration and expectation in white working-class boys in South Yorkshire: and, alongside a multi university collalx)ration in the East Midlands. we ran a programme for Black learners in Nottingham schoo]s. Grit in Universities Demand for Grit remains buoyanL The year saw a 19% increase in the number of universities we are working in (25 against 21 in 2021122). With the return to being 'in the room. we were able to deliver a broader mix of 1, 2 and 3-day programmes for students. The year also saw over 400 academic and Sdent support professionals in our i and 2-day programmes for staff - double that of last year. We have seen iMprs1Ve Ults against key indicators of long-terni student SUCC& and acbievemenL The work drew heavily OD the expertise and experience we have developed from working with Black students in universities. Grit and Prof510n8ls Work towards our objective of creating systemic tranSfornti0n in the way servic&8 are de]ivered for young people is gathering momentum. We've continued to work with tsyo llxal authorities, another two came on board over the course of the year and two more are already set to join us in the coming year. And we've been working with the Staff College, the leadership and development agency for Ial authorities. We bave seen impre&8ive results against key. well-established indicators of Iong-terni student success and achievement. 91% of students rew)rt an increased sense of belonging. 89% report an increased self-efficacy. Our work B]ack Student Leaders and Students of Colour continues to develop: this year we delivered these programmes in seven universities (up from three last year). Grit in Schools The focus has been on leadership and shifts in organisational culture, rejuvenating tean in the afterniath of the pandemic to produce significantly improved outcomes for young people. Quality Our current strategie priority is quality: it underpins all of our activity. We have been upskilling our team of trainers and put in pla a calendar of training. supervisions and observations, further strengthening our quality assurnnce pnxesses. We ran major programmes in sch(K)Is across London and the West Midlands, combining intensive workshops and support from volunteer coaches. Overcoming the longer-terni impacts
Impact Independent university-led evaluations of our work are beginning to pr(xluce results. People We have been investing in the Grit staff team to build confidence, expertise and connection through a programme of personal developmenL coachin& staff days. sessions on eulture and valu&s. and a monthly k dub, exploTing relevant research, Ixjoks and FKxJcasts. Buslness Development Grit remains financially stable and sustainable. We had an 69% repeat business rate with universities from last year anl at of the dose of our financial year 22/23, we have secured around 93% of our target income for the coming year. We now have robust evidence of our impact on Further Education college students. interim findings evidence of our impact on team-working and the practi of professionals. and wsitive findings are already emerging from the evaluation of our work with students from racialised groups. This brings academic rigour to our evidence base. attests to the quality of our worL and rnakes a powerful case to dients, old and new. Communications Over the year the focus has been to amplify our Vol in the HE sectOTS and to create a sense of belonging in our network of university clients. We have run roundtable events for leads in our university partners. co-authored a series of articles in reputsble. well-read blogs. co-presented at conferences; built a collection of short films where students. staff and professionals talk aly)ut their Grit experience: and grown our social media following. This drives Dew bsineSs contributing towards our strategic objective: to extend the reach and impact of Grit oll the lives of young peopl& We have maintained our reserves at the target of a level equivalent to six months running costs. Grit is in excellent shape. We are ambitious for the year ahea With our new partnerships around schwls we are finding new ways to deliver Grit to more at risk young people. In universities we will respond to emerging agendas, delivering programmes around employability and degree apprenticeships.
Financial Review In addition to this, Grit recognised a reduction in restricted funds of £39,600. This was the result of a decision by the trustees to reelassify various funds that that were previously reported as restricted and transfer them to unrestricted. 2022/23 saw a continuation of investment into the development of the charity and its new three-year strategy, d&8igned to keep it proficient in the ever-changing political environment and the very challenging economic conditions. The charity WbeS to thank all the funders who have supported it during the year. We are extremely grateful to the Julia & Hans Rausing Trs( the Porticus Foundation, the ClothworkeTS Foundation. BBC Children in Need. and all the other trusts and foundations that have contributed to the cl)arity and its programmes. The year saw a significant shift in the income profile of the cbarity. Traded income DOW accounts for 85% of income (as against 62% two years ago), with the balance coming from trusts & foundations and individual donations. Traded income is made up of sales of programmes to univeTsities. schools. colleges and local authorities. Thanks, are also due to all the individuals. especially the volunteers. who have supported Grit during the ' This year Grit is rep)rting an unrestricted deficit of £43309. It is important to note that this is accounted for by a planned investment of surplus unrestricted reserves of £43,850 in the development and upskilling of the staff team and building the capacity of the traiillng teams. This expenditure is shown separately in Note 3 of the financial statements. Our policy remains to have unrestricted reserv£8 of £300,000 - whicb equates to Six Tnonths Djnning costs. Reserves stand at £362,558. The Trustees have agreed that we continue to invest the surplus back", into the charity to evaluate key programmes, growing the evidence base for current and potential clients.
Trustees Responsibilities The trustees (who are a]so directors of Grit: Breakthrough Progrdmmes for the purposes of company jaw) are responsible for preparing the Trijstees. Report 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements, the tnstees are required The trustees are responsil)le for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the charitsble company and enable them to eUre that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the clwitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti&8. A]1 of the current trustees have taken all the steps that they ought to have taken to make themselves aware of any inforn]ation needed by the COMpanS auditors for the pur of their audit and to establish that the auditors are awdre of that inforniation. Select suitsble accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgments and estimates that are reasonable and prudent State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fmancial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine&5. The directors are not aware of any relewant audit infonnation of which the auditors are unaware. On behalf of the Board Mr B Rose Trtee and Chair
Management, Structure and Governance greatly indebted to each and every one ofthem. They actively support the charity both through individual counsel and their attendance at Advisory Board meetings. The ]nembers of the Advisory Board are.. Colleen Amos, co-founder and CEO of the Amos Bursary IA)rd Blunkett, Member of the House of IA)rds and Forn]er Home Secretary Sir l£s Ebdon, CBE, DU fornier Vice Chancellor of Bedfordsbire University and fonner Director of the Office of Fair Acce&s The directors of the company are also charity trustees for the purpo of charity law and under the cOmpanS Articles are also members of the company. The directors are the onty members of the Company. Under the requirements of the Memorandum and Artides of Association one-third of the directors shall retire from office each year (on a length of service basis) and are eligible for re-electiOD. Professor Sherria Hoskins, Executtve Dean of the Faculty of scien and Health, University of Portsmouth Amira Mansour, Senior I£arning and Devdopment Advisor, GAM IDvestments Once appointe any nessary training needs for trustees are identified by the directors and appropriate training is organised The trustees have continued to monitor, on a quarterly basis (monthty for financial results and forecasts), the charitys artivkties. to ensure they are operated on a proper basis. IL¥rd Mende]sohn, Member of the House of it)rds IDternatioDal Relations and Defen Committee Helen Millichap. Metropolitan Police Deputy Assistant Commissioner for IA)cal Policing. Inrd Neuberger, fornier President of the Supreme Court of the United Kingdom Itjrd Phillips, fornier President of the Supreme Court of the United Kingdom Eunice Simmons, Vice-Cl)ancellor and Principal at the University of Chester Emily su A leadership and strategy consultanL sla]Ising in youth sector organisational development Brigadier Simon Waddington, Director Global Plans, HQ Joint Operations comman Australian Defence Force, Canbea The level of eight trteeS is Considered suffiaent for the current needs of the cbarity but the matter is under continuous review. The remuneration of key management personnel who are not trustees is recommended by the CEO and approved by the Chair of the Board of Trustees on behalf of the triLStees. Ben Rose, Cbair of Grit, akn chairs the Advisory Board who continue to be Imme$elY supportive; the ckwity is
Dawn Warwick, fornier Director of Children's Services and social care specialist ndraising with the general public, either in-house or third party. Risk management The charity maintains a Risk Register identifying high level risks. The register is used by the Management Executive to identify potential risks and put in place strategies to reduce or avoid negative impact. The trustees continue to ass&ss the major risks to which the charity is exposed including those related to its operations and finances. The trustees are satisfied, havÈng Tegard to the size and objects of the charity that appropriate measures are in place to manage Its exposure to risk. Grit's Management Executive Team meets monthly. Fundraising Statement Grit's income comes from a mix of traded income (sales of programmes to universities, schools, FE Colleges and local authorities), trusts and foundations, and donations from individual supporters. Donations are solicited by personal requests from senior staff, trustees and the Advisory Board. The charity carri&8 Out no
Grit: Breakthrough Programmes (Limited by Guarantee) Independent Examiner's Report to the Trstee$ of Grit: Breakthrough pro8rammes I report to the charity trustees on my examination of the accounts of the Company for the yeaT ended 30 Jwie 2023. Responsibilitie$ and basis of report As the charity's trustee5 of the Company (and a]so its dirytors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 Aet,). Having satisfied myself that the accounts of the Company are not requjred to be audited under Part 16 of the 2006 Aet and are eligible for independent examination. I report in Pect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions bn'ven by the Charity Commission undeT section M5(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examittation. I confirm that no matters bave come to my attention in connection with the examination giving me ekllse to believe". accounting records were not kept in respect of the Company as required by section 386 of the 2006 the accounts do not accord vnth those records" or the accounts do not comply with the accoLintiDg requirements of section 396 of the 2006 Act other than any requirement that the accounts VE a true and fair view whieh is not a matter considered as part of aa independent exan)ination' or the accounts have not been prepared ID accordance with the methods and prineiples of the Statement of Recommended Practice for accounting and reporting by tharities {8pplieable to tharities preparing their accounts in aeeoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no eoncerns and have come acro&s no other matter5 in connectioo with the examination to which attention should be drawn ill thRs retKbrt in order to enable a proper understanding of the accounts to be reached. tykL Alberto Di Lorenzo FCA HW Bedford Limited First Floor, Woburn Court 2 Ratlton Road. Kempston Bedford. MK42 7PN
AccoiINr) Forthe Year Ended 30 June 2023 Notes Funds 2023 Fund 2023 Fund 022 20#3 9022 tneome and Endowment• From Donations and legacies Charitable qdsviti¢s.. Inyestmellts & Other Totsl Income (2) v26.039 7.106 J33J45 9931 9931 (2} 6.413 78as8 754.711 {2) 500 I00 6.239 6,239 826so8 7.106 833.614 782.183 78J58 860&41 Endowments Expendltyr¢ Rsising Funds Cbaritable activities Other ts) (3) ts) 859AI8 IOa99 46,706 906.124 10ts99 ' 650.7&5 '&J40 r2A60 723,215 5.140 869.817 46.706 916s23 655,895 72A60 728J55 Net incomel(expendlture) forthe year (43a09) ts9,600) (829909) 6.288 5.898 9,186 between fiwd8 Net movement in fimds for the year (4&3091 139.600) {82.909) 126,288 5,898 132,186 Fund balanets blfivd , at i July . 405.867 39,600 33.702 313,281 Fund ¢/fwd at 30 June 362&58 40&867 39.600 445,467 The notes form part of these financial ststements io
Fortheyear Ended 30 June 2023 Company number: 0249135 2023 2022 Notes FIXED ASSETS Fixed assets Investments (6) 17) 9.835 11.940 9,835 11.940 Debtors Cash at bank (8) 79.246 62.455 s,891 604.960 CREDoRs AmouDts falling due within one year (9) (160,168) (In.434) 36w8 445A67 NET ASSEIS Unrestricted funds Restricted fiinds {ii) (li) 362&58 40&867 T(YfAL FUNDS 62 The charitable con)pany is entitled to exemption from audit under Section 477 of tbe thmpanie5Act 2006 for the year ended 30 June 2023. The members have not required the company to obtain an audit of its filnCI•l statements for the yw ended 30 Julle 2023 in ac(x)rdan¢e with SectiQn 476 of the CompaniesAct 2006. The ttee5 acknowledse their responsibilities for (a) ensuring that the charitsble cOmnY keeps accounting reLords that Comply with Seetions 386 and 387 of the Companies Act 2006 aud (b) preparing financial statements whicb we a trne and fair view of the stste of affairs of the charitable eompany as at the end of each financial year and of its surplus or deficit for eaeh financial year in 4¢¢ord4nce with the requiTements of Sertiolls 394 and 395 and which otherwise comply with the requirements of the Comp4Dies Art 2006 relating to fin&neial statements. so far as applicable to the charitable Company. The notes fortn part of financial statements IJ eontinued...
BALANCE SHEET For the Ye*r Ended 30 June 20¥3 COmpY number0249135 These fi])xneial statements have been prepared in acLI)rdance with the provisio8 app]scable to charitable companies. subject to the small companies tesime. The finanaal statements were approved by the Board of aDd authorised for issue on . and were signed on itsbehA]f by: Mr B Rose- Trustee and Chair The notes forni part of these finaneiA] ststements
For the Year Ended30 June 2022 Notes 2023 2022 Cash flowg from operating aetivitie8 Cash generated from operatioDS (i) (108.348) 12 Net cash from operating activities (108.348) Cash flowJ from iDvestin8 activities Purchase of tangible fixed assets luterest reeeived (2.012) I00 (ll.213) Net cash from investing activsties ts12) activities Cash generated from operations Net cash from financing activities h eqwvalents Cash and cash equivalents at beginrring of year Cash and ¢ash equiv*lents at end of ye {2) (108.860) 102,955 The notes fonn part of thtse finalleial statements 13 continued...
For the Year Ended 30 June 2023 (i) Reeonciliatlon of ntt income to cash 8enerated from operations 2023 2022 Net inme/(eXpenditure) for the ytsr Deprttiktion chapges LL*SS on disposal of investments Fmanee ineDme (82.909) 4.117 132.811 3.538 (100) 143) 136.306 (80,291) {Increase)/decrease ID trade and other debtors Increase (Decrease) in trade and other creditOL (16.791) (24,041) (11,266) Cash 8enerated from operntions (108,348) 1141125 {2) Cash and eqValents The amounts disclosed on the statement o f cash fbws i n of cash and ¢•sh equiYa]ents are in speCt of these Statement of financial p(k8ition araounts: 30.6.23 L7.22 Cash and equiva]eDts 43&645 542,505 433,645 542605 30.6.22 1.7.21 Cash and e4sh equivalents 542.505 439.550 542.505 439.550 The notes form part of these fue18] statements
For the YeAr Ended 30 Jun¢ 2023 Notes to the Finanel Ststements a) Basis of AewuntiDg Grit: Breakthrough Programmes is a ¢harity based ij) the United Kingdom. The address of the principle office is given in the eharity infornlation on page i of these financial ststetnents. The nabjre of the ¢hariWs operatiODS aDd principal activities are to support or to promote sucb cbaritable purposes as the Trustee's their absolute discretion detennine. The charity eon5titutes a public benefit entity as defined by FRS 102. The finaDcial Statements have been prepared in accordan with tbe Charities SORP IFRS 102) 'Aeeounting and Reporting by Charities: Statement of Recommended Pr8etiee appRieAble to charities preparing their accounts in accordance with the Financial ReEN)rting Standard applicable in the UK and Republie of Ireland (FRS 102) (effective October 2019).. Financial Reporting Standard 102 The Financial Reportins Standard Bpplicable in the UK and Republic of Ireland., the Charities Act 2011 and the thmpanies Act 2006. The financial ststements have been preparol on a going concern basi& The TheeS have reviewed and considered relevaDt information, including the annual budget artd firture cash flows in making their asse&8ment. They believe that the ebxrity wRll ¢olltinue to h&ve #dequate eash resources in order to pay all of its creditors as they fall due for the foreseeable fure and at least 12 months from the date of signing of these fUela1 statements. The presentational ¢urrency is £ sterling and rounded to the nearest poun b) Si8nifiGqnt judgement and eStit¢S The preparation of the financial statements requires ma[SeMent to make judgements, estimates and assumptions which impact on the rewrted amounts of assets and liabilitie& Estim8tes and judgements are continually evaluated and are based OD bistorical experience and other factors, ineludins expectations of futsre events that are believed to be reasonable under the circumstance ¢) Fund aceounlins GenerAI funds are unrestrirted funds whieh avai]able for use at the discrdioD of the trust in furtberanee of the genero1 objertives of the eharity and which have not been designated for other Trade income (fees from uDiversiti4 scht>)]s and local authorities) has been designated Restricted fullds are funds which are to be used in accordance with Specific Testrictions itnposed by donors or whieh have been rnised by the Charity for partieular purposes. The cc*t of rnising and administerin8 such ndS are Charged against the sFttific lla. The aim and use of restrieted fidS on pmjects are set out in the notes to the financial 5tatement& Inv&sttnent Income is allocated to the appropriate n(L d) Income & Endowments Income from donations and grants, induding capitsl grants. is induded in the Statement of Financial aetivihes when they are receivable i.e. the charity ts lega]]y entitled to the ineome and the amount ean be quantified with re&8onable aeeuraey. exeept as follows: When donors specify that donations and grants given to the eharity rnt be used in futute accounting periods, the income is deferred until those periods When donors impose eonditions. whicb have to be fillfilled before the charity becomes entitled to use sueb income. the income is deferred and not included in incoming resources until the pre- conditions for w have been meL When donors specify that donations and grants, including capital grants. are for particular restrieted purposes. which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when re¢eivabl& This pase does notforni part of the statutoryfinancial statements
Grit: Bre4kthTough Progrwnme8 For the Year Ended 30 June 2023 Notej to the Financial Statements Expenditure is included in the Ststement of Fitwicia] Activities OD an a(ThbaSis, inclusive of any VAT whieh cannot be reowered. Certain expenditure is directly attributable to specÈfic athitses and has been included in tht)se Costs eategories. Certain other costs. which are attributable to more than one aetivity, are apw)rtioned across Cost categories according to time or the nature of the activity undertaken. Raisin8 funds C4)sts of raising llaS are those costs ineurred in seekins voluntxry ¢ontnl)utions aud do not inelude the costs of disseminating izJfornHtion iti support of the eharitable aCtitieS. Charitable aelisTrti4¥ Cbaritsble activiti&s represent expellses ineutred in the rnnnins of specifie progrnmmes and training courses. Other costs are governan costs tILat are those incurred in conDection with administrntion of the Cbarity and u)mpliance with coDstitutiona] and ststutory requirernents. Programme support and administration costs those ¢osts incuntyl directly iti support of expenditure on the objects of the Charity. These eosts are apportioned to the eharitsble acttyities on reasonable and consistent basis, based on time and resources 5peot on eaeh area. O Flxed assets Fiyed aets are ststed at Tr)sL or &stiDthted market value at the date of receipt where assets have been donated to the charity. The cost of minor additioDS or those c05ting in the region of £100 orbelow are not eapitslised. Depreciation is provided to write off the cost less &8timated residual values of all fixed assets over their expected useful lives at the following rates: IEasehold improvements.. Over the remaining term of the lease Office equipment: 33% per annum redu¢ittg balance Furniture, fixtures and fittings.. 25% perannum reducing balanee The ¢harity has eleeted to apply the pn)visions of wtion ii'Basic Financial Instruments. of FRS 109 to all of its fin&n¢ial instruments. Finaneial instrwnents are recognised in the chariws 5taternent of financi position when the charity become5 party to contrnetual provisioll5 of the in5trumenL Basic finaneial assets. whieh inelude debtor4 are initially measured at transaetion price including transaction costs and are subsequently carried at amottised cost using the effective interest method unle&s the arrangement (onstitutes a fiDancing traDsaetiOD, where the trausetion is measured at the present value of the future receipts diSUnted At a market rate of interest. Financial o&%ets classified &5 receivable within one year are not amortise(L This page does not form part of the statutoryfinancial statements o)ntinued...
For the Year Ended 30 June 2023 Notes to the Financial Ststements- ¢ontinued Basic financial liabilities B&sie finaneial liabilities. in¢luding Creditors and loADs that are Classified as debt, are initially recosnised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of future payments dinted et a market rate of intest. Fitwicial liabilities Classified as Yable withill oneyear are llot amortised. Trade Credito are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplitr&. Amounts payable are d4ssified As eurrent liabiliti&8 if payment is due within one year or less. If not. they Are presented as non-eurrent liabilities. Trade ereditors are recognised initially at transaction price and subsequently measured at amortised cost usins the effective interest methoil h) Ixased 8ssets Where assets are firtanced by leasing a8reements that give rishts approxitnating to ownership (finance leases). the assets are treated as if they had been purchased outright. The amount eapitalised is the present value of the minimum le8sÈ payments p8yable over the tern) of the lease. The corresponding leasing commitments are shown as amounts pftyable to the ler. Depreciation on the relevant assets is ¢harged to the statement of fiDalleiAI aetivities. Lse payments are ana]ysed between capital and interest components. The interest element of the payment is eharged to the statement of finaneiAI artivities over the period of the lease is caleulated so that it represents a constant PTOPOrtion of the balance of capita] repayrnents outstanding. The ¢apital part reduces the amounts payable to the1&s50r. All other leases are treated as operating lease. Their anllual Tentals are eharged to the statement of financial aetivities on a straisht- line basis over the term of the leas i) Penslon costs The chaiity operates a defined eontribution pension scheme. The assets of the seheme &re held separately from those of the charity in an independently administered fund. Contributions payable are charged to the statement of fmaneial aCtitieS in the year they are payable. Differences between contributions payable and eontrlbutions aetually paid are shown in either acclS or prepayments in the balance sheet S) Basis of ¢4)nsolidation The consolidated accounts ineorpornte the results of GriL. Brkthrough Programmes ("the Charity And its subsidiary undertaking on a line-by-line basis. The consolidated entity is referred to as "the Group". No separate company Statement of Financial Activities (SOFA) has been prepared for the Cbarity &8 permitted by section 408 of the CompaniesAct 2006 and paragraph 397 of the SORP. k) Related party di8dosure The charity has taken advantase of exemptions Contained within AOUnting and Reportins by Charities (FRS102) and bas therefore not diselosed transactions with entities which form part of the group. l) Coryoration tax In (x)mmon with other cbarities. the eharity does not pay tsx on most types of income as long as it uses the money for charitable purPe5. 50. in common with other charities. the charity can claim back that has been deducted on, for &xample, bank interest and donations. This pase does not forni of the statsktory financi41 statements 17 Continued...
For the Year Ended 30 June 2023 Notes to the Financial Statements. continued 2023 2022 Donations from individuals Donations from tharitable foundatio 20SII 79,020 99>531 100.056 133.145 Charitabl¢ a¢ti?itiqs Trdde income (for personal development programmes for young people and the adults that work with them) 698.969 754,771 Coronavirus job retention schetne grant Investment income- bank interest receivable 6,196 43 6,239 1,500 All iDcome arises in Connection with the ehariws PriDcipal activity. The ineorne SOurCeS were all genernted ID the United Wom. 2023 2032 Salaries and benefits Social security eosts Contractors and freelancei Travel and subsistence Support and infrastructure costs Telecon and computer expenses l£Jss on disposd of investments Professional fees IndepeDdeDt exami[tion Depreciation Exceptional training costs Other costs 391.357 28.973 391357 29,087 2481767 2A64 252464 4&108 27.637 22.389 66A97 7,637 34A98 30,1 30.032 30.032 23&02 10.917 39.126 50.043 10.399 4.117 43.850 11.153 JOa99 5,140 3.538 4.lJ7 43.850 11.153 IOA24 Totsl costs for theyear 33&V26 iOa99 9163 728.355 This page does not fonn part of the statory financial statements Page 18 o)ntinue&..
For the Year Ended 30 June 2023 Notes to the Finan Statements. continued Costs are directlyattributable to the activity undertaken. anyapportiolled eosts are apportioned on basis of titlle and nature of the aetivities undert2ken. 2023 2022 Other services- Independent Ex8mRnation ioag) 5.140 10,399 5,140 AFF cosrs Details of the staff costs are shown in note 3. i employee re(ived remuneration in the band £80.000-£90.000 per annum (2022: 1 in the band £70.OOt>£80.000 per annum) and the company made pension contributions totallitig £5.897 (2022: É 5390). The avernge number of employees duriugthe year io (2022-10). The cbarity operates a defined contribution pension scheme, the assets of which are held outside the charity. The charity contributed a total of £.707 (2022: £12.843) on behalf of all employees during the year. At the yearend. £5.34512021: £62) 0)ntributions were outstsnding. None of the mernber5 of the Board of trustees received aDy remuneration during thi5 year or last year. During the year. DO trustees (2022: £Nil) Teceived reimbursement of charity related expenditure (2022." £Nil). The trustee indemnity is included as part of the charitys genernl indemnity insuran¢¢ and covers the trustee5' liabi]ity in respect of ne8lect and breach of tst orduty to the chaiity. This pase does not fom part of the ststutory fin8neial statements 19 eontinued...
For the Year Ended 30 June 2023 Notes to the Financial Statements. ¢ontinued CharAty Furniture fittiDgs Tota] and equipment cosr At i July 2022 Additions Disw>skl$ At 30 June 2023 26,850 IA47 71924 565 34,774 2.012 DEPRECL4TtON At i July 2022 Charge for the year Disposals At 3oJune 2023 15512 7.322 257 22.834 4,117 NET BOOK VALE At 30 June 2023 At 30 June 2022 The closing net Ewkvdue represellts fixed a&sets used for the support and admillistratioD of the charity Unlisted investment co At i July 2022 Diswsals (i) At 30 JuDe 2023 At 30 June 2023 At 30 June 2022 The Charity bad loo% ownership of the ordinary share capital of YAR Trading Limited, company number 03639057 incorrated in England and Wa]es. YAR Trading Limited was di5s01ved on 25 October 2022. This page doe5 Dot forni part of the statutory finan¢ial ststements 20 continued...
For the Year Ended 30 June 2023 Notes to the Financial Statements. continued DEBTORS 2023 2022 Trade Debto Other debtors Prepayments and accrued income 25.144 45,000 52,645 1,500 CREDrroRS 2023 2022 Trade Creditors Taxation and srtial security Accruals Other creditors Deferred income (note io) 6&2 9*874 39.723 7,729 11.900 49.170 1&60 Deferred incoJDe comprises of money received in advance of programmes. which are yet to start or have started but Dot been completed and deferred element relates to the element of the progrAmme to be completed in the forthcoming year. 2023 2022 B8]ance at i July 2022 Amount released to incomiDS Tesoiirees Amount deferred in year 99,817 {ST7.900) 574.343 103,689 (48s273) 481,401 This page does Dot form part of the statutory 6Daneia] statements 21 contillu...
Grit: Brn•kthrough Programmes For the Year Ended 30 June 2023 Notes to the Financi Statements. ¢•nlinu¢d ii. Ati At30 JuDe 2023 2022 405.867 826508 (869B17) 362.558 Restrieted fuDds (see note 12) 39.600 7.106 (46,706) 445.467 (916 833,6M aL) 62. The unrestrieted funds ttpresent the free ndS of the charity that are not desisned or restricted for particular purposes. this includes trxded income received via sehts)]4 universities and lod authorities. The restricted funds represent donations and gratsts from various ststutoryAuthorities, Foundations, Trusts. Individuals aDd other corporate bodies to undertake specific programmes to improve the S1] education of young people. DuriDg the year to go June 2023. tbe tnee3 re-evaluated the treatment of restricted income and believe that previous TegnItiOn of restricted fuDds shoujd be recl8ssifieJ as unrestricted. This has had the effeet of increasing the overall deficit by £39.600. At the end of the financi41 period there w&s no restricted funds carried fon¥ard. This page does not forni part of the StatOry financial ststements continue(L..
For the Year Ended 30 June 2023 Notes to the Finaneial Statements- eontinued At i July 2022 IneomlD8 Transfer At 30 June 2023 Julia and Hans Rau5ingTh]st Porticu$ Foundation WaTwickshire Countycounca Children in Need 10.250 20,000 9.&50 (10.250) (20,000) (9,350) (7.106) 7106 Minimum lease payments under non-eaneellable operntingkses fall due as follows: Charity 2023 2022 Within one year Between one and five yeaRs 12 CONrnOLLING PARTY In the opinion of the ttlee$ the Charity has no SiDsle controlling entity. Thi5 page does Dot forni part of the statutory financia] staten)ents 23 continued...
For the Year Ended 30 June 2023 Notes to the Flnan¢ial Ststwnents- continued Total Total 2023 2023 2023 2022 Fund balances at 30 June are represented by.. Fixed assets Current #ssets Cutrent liabilities 9.835 512.891 (J60.168) 9.835 512.891 (160.168) 11.941 604.960 (171.434) 62 16. Except as set out in Note 5. there were no related party transactions for the year5 ended 30th June 2022 and 2023. 17. The Charity is a company limited by guardntee and has no share pItal. In the event of the ebarity being wound UP* the liability in respect of the guarantee is litnited to £1 per member of the charity. 18. Subsequent to the reporting peri¢)J the elwity was virtim of a eyber breach which it is currently dealing with the eonsequences and outcomes of. An estimate of the financial effect of thi5 eannot Currently be Dwde. This page does not form part of the statutory financial statements