2021-03-31-accounts - Chance (UK) Limited

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		Page
Trustees' Report		2-8
Independent Auditor's	Report	9-11
Statement ofFinancial	Activities	12
Balance Sheet		13
Cash Flow Statement
Notes to the Financial	Statements	15-26

REFERENC	E AND A	E AND A	DMINISTRAT	IVE DETAILS
Registered	Company		Number.	03057840 (England and Wales)
Registered	Charity Number.			1046947
Directors and Trustees:				Hugh Thombery, CBE —Chair
				Richard Gordon —Hon. Treasurer
				Marvin Joseph Campbell —(Appointed on 23.03.2021) Helen Louise Fletcher - (Appointed on 23.03.2021)
				Cristina Otelea —(Appointed on 23.03.2021)
				Janet Mokades
				Debashish Dey
				Mary Mulvey-Oates
				Andrew Davidson —(stepped down 23.03.2021)
				Elizabeth Phillips —(appointed 23.03.2021)
Secretary:				Geethika Jayatilaka
Chief Executive		Officer:		Geethika Jayatllaka
Senior Management			Team:	Ross Adams —Senior Programme Manager (until 30.09.2020) Samantha Darrell —Head ofServices and Operations
				Mwila Mulenshi —Head of Services and Impact
				Sophie Bainton - Head of Income Generation
Registered	Offic:			Unit S1-S2, 89-93 Fonthlll Road, London N4	3JH
Senior Statutory		Auditor:		James Foskett
Auditors:				SKSAudit LLP, 3 Sheen Road, Richmond Upon Thames, TW9 1AD
Bankers:				The Co-operative Bank, 1 Islington High Street, London		N1 9TR

				Unrestricted	Unrestricted	Funds
				General	Designated		Restriced
			Notes	Funds		Funds	Funds	2021	2020
Income
Donations and legacies				539,239			17,475	556,714	422,073
Income from charitable	activities			229,999			583,909	813,908	1,076,053
Investment income				114				114	149
Total Income				769,352			601,384	1,370,736	1,498,275
Expenditure
Cost ofraising funds				109,115				109,115	95,459
Expenditure on charitable		activities		443,576			577,096	1,020,672	963,530
Total expenditure				552,691			577,096	1,129,787	1,058,989
Net Income/(expenditure)		and net
movement in funds for		the year		216,661			24,288	240,949	439,286
Reconciliation offunds
Total funds, brought forward				380,619		223,000	120,793	724,412	285,126
Total f'unde, carried forward				597,280		223,000	145,081	965,361	724,412

					2021	2020
					6
Net cash generated from operating			activities		36,790	413,542
Cash flows from investing activities
Interestincome					114	149
Purchase oftangible	fixed assets				(3,103)	(4,505)
Cash used in investing	activities				2,989	4,356
Increase in cash &cash	equivalents	in	the	year	33,801	409,186
Cash 8 cash equivalents	at the beginning			ofthe year	942,944	533,758
Total cash &cash equivalents at the end ofthe year					976,745	942.944

					2021	2020
						f
Net movement in funds					240,949	439,286
Add back depreciation					8,923	14,242
Deduct interest income	shown	in investment		activities	(114)	(149)
(Increase)/decrease in	debtors				(102,659)	(32,001)
(Decrease) / increase	in creditors				(110,309)	(7,836)
Net cash generated from operating			activities		36,299	413,542

					Unrestricted	Restriced
					Funds	Funds	2021	2020
							f	f
Mentoring &Parent Programme
Ant Foundation						12,723	12,723	19,853
Battersea Power Station	Foundation							40,000
BBCChildren in Need						38,000	38,000	38,000
Berkeley Foundation						4,951	4,951	28,906
City of London Corporation						10,000	10,000
Big Lottery Fund - Reaching		Communities				95,003	95,003	163,207
Camden Giving						12,058	12,058
Charles Hayward Foundation						25,000	25,000	25,000
City Bridge Trust						40,575	40,575	29,650
Cripplegate Foundation						19,125	19,125	31,260
Crlpplegate Foundation	- Islington			Giving		24,000	24,000	25,266
Department of Health 8	Social		Care			47,926	47,926	91,056
Future								10,000
Home Office								190,800
Islington CCG						47,926	47,926
Joy Worth Pledge						4,875	4,875
Kirkland & Ellis International		LLP						15,000
London Borough of Islington					178,000		178,000	178,000
London Borough ofCamden								25,000
London Community Response			Fund			19,056	19,056
National Lottery Community		Fund		& Department
of Digital Culture Media	&Sport					76,553	76,553
NHS Lambeth CCG					18,999		18,999	31,001
Ragamuffins						250	250
Sir John Case's Foundation						45,168	45,168	20,795
St.James's Place Charitable		Foundation				10,000	10,000
The Holbeck Charitable	Trust							40,000
Thomas's Schools Foundation								1,833
Treebeard Trust					10,000		10,000
Walcot Foundation						8,334	8,334	25,000
Donated services						19,790	19,790	22,736
Girls Project					206,999	561,313	768,312	1,052,353
Theirworld								10,000
Enthuse. corn (Big Give)						6,346	6,346
Joy (Big Give)						3,125	3,125
The Childhood Trust (Big Give)						3,125	3,125
						12,596	12,596	10,000
Workshops & Training
Bamardos / Isllngton CCG					12,000		12,000	10,500
Constable Education Trust						10,000	10,000
John Archer —School Workshop					1,000		1,000
Westminster Foundation					10,000		10,000
Training income								3,200
					23,000	10,000	33,000	13,700
					229,999	583,909	813,908	1,076,053

				Unrestricted Restricted	Unrestricted Restricted	Unrestricted Restricted
				Funds		Funds	2021	2020
					6	E	E	f
Interest on	cash deposits				114		114	149
					114		114	149
Investment	income		in 2020 ofF149	was attributed to	unrestricted funds.
ANALYSIS		OF EXPENDITURE
					Mentoring
				Fundraising	&Parent	Workshops
				Costs	Programme	&Training	2021	2020
				E	E	6	8	E
Staff costs				76,244	697,998	8,220	782,462	731,208
Volunteers' Other direct		expenses costs			26,804 164,079	10,095	26,804 174,174	22,974 163,315
Fundraising costs Support costs (Note 6)				23,413 7,867	93,345	1,049	23,413 102,261	6,131 115,525
Governance		costs	(Note 6)	1,591	18,870	212	20,673	19,836
				109,115	1,001,096	19,576	1,129,787	1,058,989

The Charity	initially identifies	initially identifies	the	costs of	its support functions.	its support functions.	It then identifies	It then identifies		those costs	which relate to the	which relate to the	which relate to the
governance	function. Governance			costs and other support		costs are apportioned				separately	between	charity's
key activities	undertaken	(see	note 5) in the year All the general				support	and governance costs are allocated					to
activities at different percentages,				based on the basis ofstaff		time	relating	to each		activity.
					General	Governance
					Support		Function			2021		2020
					f			f		f.
Staff costs					27,360		13,233			40,593		19,682
Premises and equipment		costs			14,176					14,176		46,749
Communication costs					3,419					3,419		10,071
Information	technology costs				3,915					3,915		4,632
Legal and professional costs					40,745					40,745		21,723
Other office	costs				3,723					3.723		11,062
Depreciation					8,923					8,923		14,242
Audit fees							7,440			7,440		7,200
					162.261		26,673			122,934		135,361
NET INCOME I(EXPENDITURE)				FOR THE YEAR
									2021 f.			2020f
Net movement In funds		Is shown after charging:
Depreciation	on tangible	fixed	assets					8,923			14,242
Payment under operating		Lease						48,563			50,998
Audit Fees								7	4411			7,200

ANALYSIS OF	ANALYSIS OF	STAFF	COSTS, TRUSTEES	COSTS, TRUSTEES	REMUNERATION	AND	EXPENSES,	AND	COST OF KEY
MANAGEMENT		PERSONNEL
							2021f		2020f
STAFF	COSTS
Salaries							728,650		649,728
Social security costs							65,093		63,242
Pension	costs						29,311		27,479
							823,054		740,449
The number of employees			whose emoluments	as	defined for taxation	purposes amounted		to over f60,000 in the
year was	as follows:
							2021		2020
	f70,00	1 - f80,00	0				1		1

mployed by the charity during the p	eriod was as follows	:
			2021	2020
Mentoring &Parent Programme			17.8	16.1
Quality 8 Evaluation Workshops and Training Girls pro)ect Support and governance Fundraising			0.2 0.5 1.5	0.2 0.3 0.2 1.5
			20.0	18.3
TANGIBLE FIXEDASSETS			2021	2020
Net book value:			F
Computer Equipment Fixtures, fittings and equipment Database			2,290 6,325	3,003 5,521 5,911
			8,815	14,435
		Fixtures,
	Computer	Fittings
	Equipment 6	&equipment 6	Databasef	TOTAL 6
COST
Opening balance Additions	21,979 1,183	12,842 1,920	23,646	58,467 3,103
Disposals
Closing balance	23,162	14,762	23,646	61,570
DEPRECIATION
Opening balance Charge for the year	18,976 1,896	7,321 1,116	17,735 5,911	44,032 8,923
Disposals
Closing balance	20,872	8,437	23,646	52,955
NET BOOK VALUES As at 31stMarch 2021	2,290	6,325		8,615
As at31st March 2020	3,003	5,521	5,911	14,435

						2021	2020
						f	6
	Debtors					137,390	35,300
	Other Debtors					15,515	11,386
	Prepayments					3,669	7,229
						156,574	53,915
12.	CREDITORS: amounts			falling due within one year
						2021	2020
	Trade Creditors					11,586	4,860
	Taxation	and social security				19,177	18,012
	Other Creditors					4,953	4,254
	Accruals					7,440	17,050
	Deferred	Income	(Note 13)			133,417	242,706
						176,573	286,882
13.	DEFERRED INCOME
						2021	2020
	Balance	as at 1st	April			242,706	260,232
	Amount	released	to income		in the year	(242,706)	(260,232)
	Amount	deferred	in the year			133,417	242,706
	Balance	as at 31st March				133,417	242,706

ANALYSIS OF MOVEMENT IN FUNDS	ANALYSIS OF MOVEMENT IN FUNDS		Balance at			Balance at
			01.0400f	Incomef	Expenditure f.	31 0321 f
Unrestricted Funds General Funds Designated Development Fund			380,619 223,000	769,352	552,691	597,280 223,000
			603,619	769,352	552,691	820,280
Restricted Funds
Mentoring 8,Parent programme Ant Foundation BBCChildren In Need Berkeley Foundation City of London Corporation Big Lottery Fund —Reaching CommuniNes Camden Giving Charles Hayward Foundation City Bridge Trust Cripplegate Foundation Cripplegate Foundation —Islington Giving Department of Health 8, Social Care Future Home Office			15,729 24,088 6,250 23,907 10,000 14,213	12,723 38,000 4,951 10,000 95,003 12,058 25,000 40,575 19,125 24,000 47,926	14,675 29,039 2,500 95,003 12,058 25,000 40,575 15,627 20,798 71,833 40	12,723 39,054 7,500 9,748 3,202 10,000 14,173
Islington CCG Joy Worth Pledge London Community Response	Fund			47,926 4,875 19,056	47,926 2,156 19,056	2,719
National Lottery Community Fund &Department Digital Culture Media 84 Sport Ragamufgns Sir John Case's Foundation St. James's Place Charitable Foundation		of	12,089	76,553 250 45,168 10,000	76,553 41,924 10,000	250 15,333
Thomas's Schools Foundation			1,302		1,302
Walcot Foundation Donated services				8,334 19,790	8,334 19,790
			107,578	561,313	554,189	114,702
Girls Pro]ect Theirworld Enthuse. corn (Big Give) Joy (Big Give) The Childhood Trust (Big Give)			9708	6,346 3,125 3,125	1,350	7,858 6,346 3,125 3,125
			9,208	12,596	1,350	20,454
Workshops &Training 8 arne rdos I Is ling ton CCG Constable Education Trust			500	10,000	500 75	9,925
			500	10,000	575	9,925
Donations 8 legacies Staff costs			3,507	13,475	16,982
Premises				4,000	4,000
			3,507	17,475	20,982
Total Restricted Funds			120,793	601,384	577,096	145,081
Total Funds			724412	137,7 6	1,129737	966361

ANALYSIS OF MOVEM	EN	T IN F	T IN F	UNDS —Co	nt/d
Analysis ofmovement	in	funds		—previous	year
					Balance at				Balance at
					01.04.19 f	Income F	Expenditure 6	Transfers 6	31.03.20 f
Unrestricted Funds
General Funds					240,975	601,086	238,442	(223,000)	380,619
Designated Development		Fund						223,000	223,000
Total Unrestricted Funds					240,975	601,086	238,442		603,619
Restricted Funds
Mentoring &Parent programme
Ant Foundation						19,853	19,853
Battersea Power Station	Foundation					40,000	40,000
BBCChildren in Need					25,833	38,000	48,104		15,729
Berkeley Foundation						28,906	4,818		24,088
Big Lottery Fund - Reaching			Communities		10,152	163,207	173,359
City Bridge Trust						29,650	29,650
Charles Hayward Foundation						25,000	25,000
Cripplegate Foundation					3,356	31,250	28,356		6,250
Cripplegate Foundation	- Islington			Giving		25,266	25,266
Department of Health &	Social Care					91,056	67,149		23,907
Future						10,000			10,000
The Holbeck Charitable	Trust					40,000	40,000
Home Office						190,800	176,587		14,213
Joy Worth					4,576		4,576
Kirkland & Ellis International			LLP			15,000	15,000
London Borough of Camden						25,000	25,000
Sir John Case's Foundation						20,795	8,706		12,089
Thomas's Schools Foundation					234	1,833	765		1,302
Walcot Foundation						25,000	25,000
Donated services						22,736	22,736
					44,151	843,352	779,925		107,578
Girls Project
Theirworld						10,000	792		9,208
						10,000	792		9,208
Workshops 8 Training
Bamardos / Islington CCG						10,500	10000		500
						10,500	10,000		500
Donations &legacies
Staff costs						25,337	21,830		3,507
Premises						8,000	8,000
						33,337	29,830		3,507
Total Restricted Funds					44,151	897,189	820,547		120,793
Total Funds					285,126	1,498,275	1,058,989		724,412

Analysis of net assets between	funds —previous year
	General	Designated	Restricted
	Funds	Funds	Funds	Total
			6	6
Fixed assets	14,435			14,435
Net Current assets	366,184	223,000	120,793	709,977
	380,619	223,000	120,793	724,412

The charity has operating lease co	mmitments as shown be	low:
	Land &	buildings	Other
	2021	2020	2021	2020
		6		6
Under one year	48,000	48,000		563
Two to five years	192,000	192,000
More than five years	136,000	184,000
	376,000	424,000		563