REGISTERED COMPANY IYUMBER: 034853611 (England and Wales) REGISTERED CHARITY NUMBER.. 1072633 Report of the Trustees and Unaudlted Financial Statement5 for the Year Ended 31 March 2024 for Real Action (QTr.C.T.) Ltd Grant HarTod Lerman Davis LLP Chartered Accountants I st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD Real Action (Q.P.C.T.) Ltd Content5 of Ihe Financial Statements for the year ended 31 March 2024 Page Report of the Trustee$ I to 4 Independent Examiner's Report Statement of Financial Activities Statement of Financivdl Position Notes to tbe FiDanclal Statements 9 to 13 Real Action (Q.P.C.T.) Ltd Report of the Trustees for the year ended 31 Mvdrch 2024 The trustees who are also dir¢ctOTS of the charity for the purpos¢s of the Compani¢s Act 2006, present their report with the financial statements of the charity for the y¢ar ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Piactice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (effective l January 2019). OBJECTIVES AIYD ACTIVITIES Objectives and ain We ar¢ renowned for our projects, providing fast-acting, effective rourses of basic education, espe¢ially in literacy for children and adults, and English language. These transforni the Prospects of people living in undeTprivileged communities. OLW centre of operations is the Learning Storein north Westminster, while our Saturday ButterAy classestake place nearby. Authorized Operations: Buttertly Classes and English Express using the Callan English Method. We aim to sever tkne connection between family disadvantage and educational disadvantage. We must educationally en]power as njany children as possible. The children we teach reflect the city we live in. They come from a diverse range of cultural and ethnic backgrounds. They are also among the most socially and economically disadvantaged in the county - another reflection of Ihis city where extreme wealth coexists with extreme levels of poverty. Public benefit The Trustees have considered their duty as outlined in Se¢lion 4 of the Companies Act 2006 to have due regard to the Charity Commission's general guidance on publi¢ benefit. The purpose of the charity is enshrined in its objects and aims as outlined above. The Trustees ensure that this purpose is Carried out for the public benefit by delivering a range of services. Pag¢ I Real Aetion {Q.P.C.T.) Ltd Report of the Trustee$ for the year ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities 2024 was a particularly challenging year especially in tern￿ of finance. The consistent support and crucial decision-making by our trustees and senior managers succeeded. Because of the hard work of statT, volunteers, and partners, we were able to achieve the following". English Express= We had sixty-five students by end of 2024. We are working hard to retain and incr¢￿e our students. There is an ongoing'enrolment and netWOTking strategy, that aims to expand our network and services. Callan executives reviewed ow services, and four new teachers were trained on how to use the Callan Method. The following steps have been taken. to enhance the Programme. New books were introduced; learning fees were revised and new websites and social media activities were launched or relaunched. Our ongoing plan is to WO￿ with the broader Queens Park community to recruit more students, BUtte￿Y Saturday School: The Saturday School remains open, but we opened a new s¢hool at the Learning Store. New volunteers were reC￿lIed via the community, UCL, The London Metropolitan University, the local newspaper, and other online sites. Real Action Corporate Matters: Induction I Safeguarding and Child Protection training.. All volunteers and staff completed the induction training which covered multi-agency safrguarding and child PTOteclion as advised by the Westminster City Council Safeguarding Education Lead. DBS.. Newly recruited staff and volunteers undergo the Disclosure and Barring Servi¢e (DBS) check. Health and Safety/HR: Real Actiort Si￿ed up with Croner for to facilitate and support HR and Health and Safety ompliance an¢ importantly. to support staff and volunteers with their well-being. Publicity: We participated in the Queens Park Summer Fair, which was a lovely experience for us all at this important community evenl. We also updated our website, including the blogs and newsletters, so that we have an open approach to all Stakeholde￿ and members of the public. Summer Barbecue., We had a successful community-focused barbecue in August. In attendance were students, staff, and members of the community. sts￿￿g: Du¢ to fll￿￿clal ¢onstraints, our staffing capacity has been reduced. As a result, the Assistant Project Coordinators at Butterfly School now assist in leading the projecL working under the support and guidance of the Education Director. EnvironmentaVBuilding Issues: We made the annual payment of our lease on the Learning Store. Real Action Mailbox: We now use the admin mailbox as the main point of enty for all Real Action activities, except for sensitive infornMtion on f￿ance. FinaD¢e and Grydnt Appli¢atlons: A rob￿St cloud system (Air Table) was developed where all grant applications over Ihe last five years are filed for easy access. The Air Table was reviewed to delete details of grants applications that are no longer applicable. This software also helps to monitor the progress of new appli¢ations. Safeguards now in place before authorising any amount of money. We are now in a stronger position lo oversee the finances of Real Action and provide timely and accurate reports to stakeholders. Reviews of the contracts with different stakeholders was undertaken (including IT, Building insurance, elc.) to see rf we could get better value for services providedloffered. Staff are now in receipt of their monthly pay slips. For additional inforniation on finance. please refer to the Financial Report submitted by the Finance Director. Me¢tlng$: Regular meetings with the Board of Trusl¢¢s and management now tak¢ plac¢. Project coordinators hold regular meetings with their team members. We now ensure that all meetings of Trustees and Members are quorate. Page 2 Real Action (Q.P.C.T.) Ltd Report of the Trustees for the year ended 31 March 2024 FINANCIAL REVIEW Financial position A rOb￿st cloud system (Air Table) was developed wher¢ all grant applications over the last five years aTe filed for easy access. The Air Table was reviewed to delete details of grants appli¢¢itions that are no Ivnger applicable. This solhvare also helps to monitor the progress of new applications. Safeguards now in place before authoTising amount of money. We are now in a stronger position to oversee the finances of Real Action and provtde timely and accurate reports to stakeholders. Reviews of the contracts with different stakeholders was undertaken (including IT. Building insurdn¢e, etc.) to see if we could get better value for servi￿9 providedloffered. Reserves policy The Trustees al￿ where possible. to hold reserves (￿ndS that are not lied up in fixed assets. designated or restricted fi]nds} of £20,000 to support the charity throughout the periods when the charity awaits decisions from funding bodies, whllst continuing to operate pEanned Projects. At 31 March 2024 there were total unrestricted reserves lo be carried forward of £3,781 in SUTplus (2023: £58,990- Sutplus). The Trustees are aware that this reserve policy has not been met aT)d are continuing to oversee the implementation of an Action Plan to increase the level of both Restricted and Unrestricted Funds aDd will continue to monitor the situation closely. FUTURE PLANS Our Goals for 2025- 2026: Our two nmin goals are to ty to enable English Express lo work on a sound financial basis and lo continue the Butterfiy Resurrection. STRUCTURE, COVERNANCE AND MANAGEMEI¥4T Coverning document The Ch￿ltY is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company numbcr 03485360 (England and Wales) Registered Charity number 1072633 Registered office The Learning Store 3 Mozart Str¢¢l London W104LA Trustees D Hayes Trustee Dr H L Folasade Trustee Ms P A Calvo Trustee (resigned 2.12.2024) R SALEEM (appointed 2.12.2024) Company Seeretary Pag¢ 3 Real Artion (Q.P.C.T.) Ltd Report of the Trustees for the year ended 31 March 2024 REFERENCE AND ADMINIST114TIVE DETAILS Independent Exan]finer Jeremy HaTrod Grant Harrod Leman Davis LLP Chartered Accountants 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD Approved by order of the board of trustees on ......................... . and sign¢d on its behalf by: Sluned on 19102 17..3 D Hayes- Trustee Pag¢ 4 Independent Examlner's Report to the Trustees of Real A¢tioD {Q.P.C.T.} Ltd Independent examiner'5 report to the trllstees of Real Action (Q.P.C.T.) Ltd ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charitys trustees of the Company (attd also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 ('the 2006 Act,), Having salisfied myself that the a¢counts ofthe Company are not required to be audited under Part 16 of the 2006 Act and ar¢ eligible for independent exarnination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni that l am qualifi¢d to undertake the exatnination because I am a member of the Institrjte of Chartered Accountanls in England and Wales, which is one of the listed bodies. I have completed my examination. I oonfirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company ab required by Section 386 of the 2006 knt. or the ac¢ounts do not accord with those records; or the accounts do not comply wAth the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounls have not been prepared in accordance with the methods and principles of the Statement of Recornrnended Practi¢¢ for accounting and reporting by charities (applicable to ¢harities preparing their accounts in accordance ￿7th the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no otheT matters in comiection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jeremy Harrod fcc Grant Harrod Lern]an Davis LLP Charter¢d Accountants 1st Floor Healthaid House Mailborough Hill Harrow Middle5ex HAI IUD Date., Pag¢ 5 Real Action (Q.P.C.T.) Ltd Statement of Flnancial Activities for the yeAr ended 31 MAreh 2024 2024 Totsl funds 2023 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 700 700 4,141 Charitable activities Donations and legacies 122,000 122,000 119,501 Other trading activities Investment income 161,298 169 161,298 169 202,893 168 Totsl 284,167 284,167 326,703 EXPENDrruRE ON Charitable activities Donations and legacies 339,376 339,376 307,947 NET INCOMEI(EXPENDITURE) {55,209} (55,209) 18.756 RECONCILIATION OF FUNDS Total funds brought forward 58,990 58,990 40,234 TOTAL FUNDS CARRIED FORWARD 3.781 3,781 58,990 The notes forn] part of these financial statements Page 6 Real Action (Q.P.C.T.) Ltd Statement of Financial Posytion 31 filarch 2024 2024 Total funds 2023 Tolal fimds Unrestricted Restricted fimd Notes FIXED ASSETS Tangible assets 1.117 1,117 1,396 CURRENT ASSETS Stocks Cash at bank 4,000 17.699 4,000 17,699 4,000 103,015 21,699 21,699 107,015 CREDITORS Amounts falling due within on¢ year io (8,617) (8,617) (39,003) NET CURRENT ASSETS 13,082 13,082 68,012 TOTAL ASSETS LESS CURRENT LIABILITIES 14,199 14,199 69,408 CREDITORS Atnounts falling due after more than one year (10,418) (10,418) (10,418) NET ASSETS 3,781 3,781 58,990 FUNDS UnTeslricted funds 12 3.781 58,990 TOTAL FUNDS 3,781 58,990 The charitable company is entitled to exemption from audit under Section 477 4)f the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance ￿ryth Section 476 of the Companies Act 2006. The Irustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fjnancial statements which give a trne and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to f￿ancIal statements, so far as applicable to the clwitable company. (b) Th¢ notes forn] part of these financial statements Page 7 continued.. Real Action (QTr.C.T.) Ltd Statement of Financlal Position- eothtinued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to th¢ small companies regime. The ents were approved by the Board of Trustees and authorised for issue . and were si￿￿ed on its behalf by: on S¥Jn8d ¢Jn 1910 s@ 17..3 D Hayes- Trustee The notes forni part of these financial stalemenls Page 8 Real Action (Q.P.C.T.) Ltd Notes to the Finaneial Statements for the year ended 31 March 2024 ACCOUNTIIYG POLICIES Basis of preparing the financial statements The financial slalements of tlle charitable Company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting St