Company Number 4146490 Charity Number 1087134
## Regenerate.com
(A Charitable Company Limited by Guarantee)
## www.regenerateuk.co.uk
Trustees’ Report and Financial Statements 31[st] March 2021
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
The trustees, who are also directors for the purposes of company law, present their report and accounts for the year ended 31[st] March 2021. The accounts comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association, Financial Reporting Standard 102 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **Public Benefit**
The trustees have had due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. The remainder of this report illustrates the activities undertaken to support the public benefit requirement.
## **Reference and Administrative Information**
**Charity Name** Regenerate.com
**Charity Number**
1087134
**Company Number**
4146490
## **Charity Trustees**
Mrs Lisa Jones Mr Rodney Jenkins Mr Barnabas Lee Mr Andrew Chisholm Mr James Taylor
## **Charity Patrons**
John Bird MBE Tracy Edwards MBE
## **Registered Office and Principal Address**
Ashburton Youth Club Westleigh Avenue Putney LONDON SW15 6XD
## **Bankers**
Barclays Bank plc CAF Bank Ltd Leicester 25 Kings Hill Avenue LE87 2BB Kings Hill West Malling Kent ME19 4JQ
## **Independent Examiner**
Eric Southwick BA (Hons) FCA FCIE DChA Eric Southwick & Co Chartered Accountants 51 The Avenue Seaham Co Durham SR7 8NS
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Structure and Organisation**
## **Organisation**
The organisation is a charitable company limited by guarantee, incorporated in England and Wales on 23[rd] January 2001 and registered as a charity on 25[th] June 2001. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company which is governed in accordance with its Articles of Association which have been amended by special resolution on 11[th] June 2001 and 4[th] November 2008. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The charity is managed by the trustees who meet regularly to consider the progress of the charity and to consider its future direction and activities. The day-to-day operation of the charity is delegated to the senior management who are supported by the other members of staff.
## **Trustee Appointments**
The charity aims to recruit trustees who have the requisite business and sector specific experience to be able to direct and manage the affairs of the charity.
The Trustees are appointed by the members in the Annual General Meeting and by the Trustees between meetings. The number of Trustees should be between three and nine.
All trustees are required to participate in an induction and training programme at the start of their term. Most Trustees are already familiar with the work of the charity having been involved with it prior to taking up their appointment. Additionally, new Trustees are invited and encouraged to meet with senior management and staff to gather further insights into the work of the charity.
## **Risk Management**
The Trustees have conducted their own review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety and all other relevant regulations affecting staff, volunteers, clients and visitors of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
## **COVID-19**
Since March 2020, the COVID-19 pandemic has brought unexpected change to Regenerate. Trustees and staff have worked hard to identify and manage risks to services and funding. Through this hard work and dedication, services have continued (in a modified and compliant manner) and additional funding has been raised to provide new services in support of the charity's objectives and to meet the immediate needs of its community. Although the outlook for funding from regular sources in the long term is uncertain, Regenerate looks well placed to continue to further support its beneficiaries and to manage and adjust as needed to any future challenges as a result of COVID. The Trustees and Management continue to see Regenerate as a going concern.
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Objectives and Activities**
## **Charitable Objects**
The charity has the following objects:
- To help and educate young people in particular but not exclusively through leisure time activities, so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
- The advancement of the Christian religion in Wandsworth and the surrounding areas, in particular through the provision of workshops and presentations.
## **Faith Ethos Statement**
Regenerate is inspired by the Christian faith and seeks to run projects that express its values. At the core of this is a commitment to be inclusive, open and non-discriminatory to staff, volunteers and service users of all faiths and those of none.
## **Mission & Objectives**
Regenerate was registered as a charity in June 2001. Its charitable objectives are set out in its governing document and these underpin its operational objectives. The trustees have ensured that the activities of the charity are in line with guidance from the Charity Commission in regard to public benefit.
## Regenerate’s vision is to **create opportunities for young people to thrive** .
Regenerate inspires and supports young people by building _strong, lasting_ _**relationships** and creating life changing_ _**opportunities;** helping them grow in_ _**confidence,** make the best of their lives_ and impact the world for good.
Regenerate is a youth charity established to work with young people who live on housing estates in Roehampton and Putney and surrounding areas.
## **Our impact**
Regenerate seeks to impact society by seeing hundreds of young people from Roehampton, Putney and its surrounding areas living in safer communities, having good mental health and a positive sense of wellbeing, developing healthy relationships with their families and their communities, find rewarding employment and ways to give back to society - creating a community that thrives.
## **Our Values**
Regenerate is …
- Relational - We respect and listen to people, and accept them as they are.
- Adventurous - We have bold ideas and take risks to experience new things.
- Collaborative - We work together with those who share our vision to create the best results.
- Generous - We aim to go above and beyond what is expected of us.
- Authentic - We are true to ourselves and faithful to our vision.
## **Who we work with:**
We work with young people who are:
- aged 11 – 30 who live in Roehampton and Putney and surrounding areas.
- wanting to make a positive contribution to their community.
- living in challenging situations.
- at risk of exclusion from school, becoming NEET, becoming a young parent, exploitation or bullying, involvement in gangs or crime, experiencing mental health issues (including low self-esteem and anxiety).
- in need of extra support.
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## _**Michael age 20**_
_I have learnt a variety of skills, I’ve learnt to be mature, to be respectful, to be ready and assertive and ways to cope in fast paced situations._
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Regenerate’s Journey of Change**
Regenerate works with each young person to identify which service would benefit them the most. Many are introduced to Regenerate through 1) _Get Connected_ initiatives and then move through the services: 2) _Get Active, 3) Get Focused, 4) Get Working and 5) Get Leading_ . Some join Regenerate at different points of the journey. Regenerate aims to support each young person as they take part in different services and move into adult life.
## **Regenerate’s Outcomes:**
The services measure the following five outcomes to measure the progress a young person makes to ultimately gain employment and contribute positively to society.
Regenerate works primarily on the Alton and Ashburton estates. In the last 12 months Regenerate has reframed its strategic aims which are:
1. To build strong relationships with young people by providing activities and adventures as well as support to their families, enabling them to take opportunities and positive action in their lives.
2. To provide mentoring, coaching and counselling for young people who want extra support to progress in their lives; helping them develop life skills and grow in confidence to pursue their goals and future aspirations.
3. To provide employment at Regenerate through the Social Enterprise _**The Feel Good Bakery**_ which supports young people who are exiting gangs or prison or who are not in employment or education. This provides a safe space for young people to learn professional
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
skills and behaviour, gain experience in the workplace, and develop their aspirations for the future, supporting them into long-term employment, education or training.
_**Kamare Age 14**_
_"I like being able to come here and work on my bike with a youth worker. It's cool being able to choose what the workshop will look like with my mates"_
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Achievements in 2020/21:**
1. Regenerate worked with 217 young people on regular basis (on average twice a month over the year).
2. 75% of those that attend our _Get: Connected, Active, Focused_ activities on a regular basis demonstrated an overall improvement against measured outcomes.
3. 100% of those who attend our _Get Working and Get Leading programs_ demonstrated an overall improvement against agreed outcomes.
|**SERVICE**
**AREA**|**Young**
**people**
**attending**|**What we have done…**|
|---|---|---|
|**Get**
**Connected**|401|**Get**
**Connected**
**includes**
**activities**
**that**
**connect**
**Regenerate’s service to the wider community.** **This year**
**there were 10,155 community interventions for 401**
**young people and their families. These activities**
**included****_The Roehampton Community Box_ and****_Youth_**
**_Drop in_ sessions.**
**Roehampton Community Box:**
Established on the 7th April 2020 as an immediate response
to food poverty exacerbated by the COVID-19 crisis and
lockdown measures, the Roehampton Community Box
project has provided over 10,000 food and activity boxes
(reaching a peak of 325 families per week). The food boxes
have provided approximately 100,000 meals (estimated 10
meals per box) for 1200 people (estimated 4 people per
household).
We provided an additional Christmas Hamper for 240 families
with Christmas food supplies and additional children’s
activities including books, toys and games.
The Roehampton Community Box has worked in partnership
with 12 schools, nurseries and youth groups in the delivery of
the project to ensure that the families most in need of food
support are being reached. The majority of families reached
have been from the Alton, Ashburton and Lennox estates
although we have reached some families in Southfields,
Wandsworth and Battersea through connections with
schools.
We have engaged over 50 volunteers in the weekly running
of this programme.
The Roehampton Community Box has been possible due to
partnerships with food providers including Fareshare,
Warburtons and the Wimbledon Dons Foundation. We have
also
partnered
with
charities
Rackets
Cubed
and
Growhampton - a Roehampton University Student’s Union
initiative - growing organic fruit and vegetables in
Roehampton.
**Youth Drop-in sessions:**
During the first lockdown (April – July) Regenerate hosted
online connection points for young people through our social|
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
|||media accounts and ZOOM meetings. We ran a weekly
program which included challenges young people could do at
home, online cooking workshops and hang-outs with youth
workers.
In August Regenerate opened up for face-to-face working
with young people and hosted a summer programme. From
September 2020 - March 21 we continued to work face-to-
face with young people and hosted an average of 3 youth
drop-in sessions per week for 21 weeks.
Young people would book into sessions to come to youth
centres, meet friends and youth workers as well as to use
facilities such as pool, table tennis, gaming consoles and take
part in sports activities outside.|
|---|---|---|
|**Get Active**|157|**The****_Get Active_ team facilitated 1443 interventions for 157**
**young people through a variety of workshops for young**
**people both online and face to face. These included:**
**Sports:**Football with ‘Chelsea Kicks’ took place three
evenings a week, as well as basketball, gym training, yoga,
self-defence and boxing.
**Cooking:**Meals were made and shared at each session with
young people - representing their culture and learning how to
cook on a budget.
**Community Kitchen:**Weekly recipes and ingredients were
prepared by young people and sent to families who received
the community box.
**Bike workshops:**Bike workshops were hosted for young
people to learn how to fix and maintain their bikes, and
Regenerate Garage was transformed into a bike workshop
area to host this.
**Arts & Music:**Textiles workshops, song writing workshops
and music production sessions took place.
**Education, Employment and Training (EET) support:**CV
workshops and job searching sessions.
**Trips and outings:**Trips took place to places such as a
Water Park, weekly walks around Richmond park and
adventures to Box Hill in Surrey.
**_75% of young people involved in the programme_**
**_improved their teamwork skills, gained access to_**
**_education and employment opportunities and created_**
**_positive goals._**|
|**Get Focused**|28|**The****_Get Focused_ mentoring programme worked with 28**
**young people across 145 interventions, which included**
**online and face-to-face (1:1) mentoring in schools and in**
**the community, group mentoring and counselling for**
**children and young people between the ages of 10-17**
**years old.**
When we went into the first national lockdown, our response
was to identify the most at-risk young people and to ensure
they were offered 1:1 virtual mentoring on a weekly basis
throughout lockdown. We also provided weekly support on
our social media pages for other young people based on the
5 steps to mental well-being, as identified bythe NHS.|
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
|||**Group work:**
Get Focused hosted 2 mentoring groups, a transition group
for year 7 students and a Well-being group for year 9 boys
centred around outdoor activities. There were 12 young
people that engaged with group mentoring sessions.
**Mentoring 1:1:**
One-to-one mentoring was based online and when allowed,
we switched to outdoor face-to-face work. Many of the 1:1
sessions involved walks with take away meals, so that young
people were able to exercise and also eat with their mentee
in the middle of lockdown which was an incredibly restrictive
time for them. There were 16 young people who received
weekly one-to-one mentoring sessions, both online and in
person.
**Counselling:**
Due
to
lockdowns,
the
counselling
service,
with
psychotherapist Amina Ispahani, (www.mytalkingspace.org)
wasn’t able to deliver counselling in schools as planned, we
were still able to offer this service to young people online.
**_75% of young people attending Get Focused have shown_**
**_an increased confidence, created positive goals, and_**
**_improved communication skills._**|
|---|---|---|
|**Get Working**|11|**_Get Working_ facilitated 264 mentoring interventions for**
**the 11 young people employed through****_The Feel Good_**
**_Bakery_ social enterprise.**
**The Feel Good Bakery**
Regenerate’s social enterprise takes the form of a coffee cart
business called_The Feel-Good Bakery_. This supports, trains
and employs young people, helping them to develop life skills
that prepare them for the workplace and enhance future
prospects.
Another amazing aspect about_The Feel Good Bakery_is that
we partner with grassroots organisations in Romania and
Kenya that support children living in poverty. When a
customer buys a sandwich or a coffee, they are buying a meal
for one of these children.
Due to the challenges of COVID-19_The Feel Good Bakery_
pivoted to become a Coffee Cart business which also sold its
quality sandwich product. We purchased and converted a
Tuk Tuk into a coffee cart which operated in Putney during
the summer and then a converted Horse box which then
opened in Battersea during the winter months. This employed
11 young people who have been trained as coffee baristas.
On the carts they gain invaluable customer service skills.
They also receive mentoring support to access next steps to
employment, and training to help facilitate personal growth.
**_100% of TFGB team members have shown improved_**
**_confidence, teamwork skills and increased access to_**
**_further employment opportunities._**|
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
|**Get Leading**|24|**Get Leading is for adults aged 18-30 from the local area**
**who want to make a difference in their community and**
**develop as leaders. This year 24 young people took part**
**in training and initiating/supporting new community**
**projects.**
**Supporting and volunteering at Community projects:**
Members of the Get leading group volunteered with
Roehampton community box, delivering boxes to 300
families each week through lockdown and afterwards some
carried on.
**Fundraising adventure**
In August one group from Get leading supported a
fundraising bike ride around the south coast from London to
Brighton (the long way round) raising just over £10,000 for
our get working employment program.
**Equality Diversity and Inclusion working group**
A group took part in shaping Regenerate’s EDI strategy in
response to the death of George Floyd and_Black Lives_
_Matter_protests. Feedback from the group and Regenerate
stakeholders demonstrated the desire to ensure Regenerate
is fostering an inclusive culture at all levels of the
organisation. The group have successfully designed
Regenerate’s EDI policy which they are now helping to
implement.
**_In the loop_ initiative:**
Regenerate has helped to facilitate coaching for one member
of the_Get leading_group to start a music industry program to
support
under-represented
young
adults
to
access
opportunities in the music business called_In The Loop -_
working alongside leading professionals in music industry.
**_80 % of those involved in the programme showed_**
**_increased confidence, improved teamwork skills, and_**
**_increased their activity in social action opportunities._**|
|---|---|---|
|**The total**
**number of**
**young**
**people**
**worked with**
**regularly**|221|Over the year Regenerate worked with 221 different young
people on a regular basis (on average twice a month). Many
of these young people took part in a variety of Regenerate’s
services.|
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Goals met in 2020/21**
Staff and Volunteers Development & HR
- Improve staff training & development of progression plans ● Improve EDI work and develop EDI strategy
- Recruitment ● Youth worker – Additional 2 sessional workers
- Youth mentors – Additional 2 mentors
- Recruited a progression coach for TFGB
- Facilities ● Purchase new TFGB van
- Purchase X3 coffee carts for TFGB coffee cart venture
- Reporting ● Complete implementation of Salesforce; train and support service staff to use this and other monitoring and evaluation tools effectively.
- Fundraising ● Deliver a fundraising plan for the charity focusing on the three giving streams: 1) Trusts and Organisations; 2) Individuals and 3) Community Fundraising Events. The community fundraising events included sponsored walks and a sponsored 750 mile bike ride.
Services
- Delivered agreed service plan and met majority of targets.
## _**Isaac age 16**_
_“ I volunteered for the community box as I want to make a difference in my community.”_
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Organisational Goals for 2021/22**
|Staff and|●Ensure all staff have an active training and development|
|---|---|
|Volunteers|budget (5% of staff costs), front line staff progress in Executive|
|Development &|
function coaching skills and all staff complete Equality|
|HR|Diversity and Inclusion training requirements outlined by EDI|
||strategy i.e expand the leadership team, increasing the|
||diversity of thought and our overall diversity impact.|
||●Increase TFGB General Managers and TFGB Operation|
||Managers capacity by 20%.|
|Recruitment|●Recruit an Operations administrator|
||●Recruit a youth worker 14 hours p/w to support Get Active / a|
||youth mentor 21 hours p/w to support Get focused, plus X4|
||youth work / youth mentor volunteers.|
||●TFGB recruitment (20 new TFGB team members, 2|
||supervisors and 1 coach)|
||●Recruit a communications & grants officer F/T or 2 x P/T|
||positions|
||●Recruit for Finance and Facilities function. P/T TB|
|Facilities|●Redesign website|
||●Purchase coffee cart number 4|
|Reporting|●Complete Salesforce development for Fundraising and|
||financial reporting, and integrate marketing tool ie. Mailchimp.|
|Fundraising|●Deliver fundraising plan for the charity focusing on the three|
||giving streams: Organisations / Individual fundraising /|
||Community Fundraising.|
|Services|●Deliver agreed service plan and meet targets plus|
## **Service targets 21/22:**
- Increase the number of regular attendees by at least 10% to engage 243 young people on a regular basis (on average twice a month over the year).
- 75% of those who attend our Get: Connected, Active and Focused activities on a regular basis demonstrate an overall improvement against agreed outcomes.
- 100% of those who attended our Get Working and Get Leading programmes demonstrate an overall improvement against agreed outcomes.
- Meet the following targets:
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
|**Get Connected**|2,212*|
|---|---|
|**Get Active**|187*|
|**Get Focused**|106|
|**Get Working**|30|
|**Get Leading**|24**|
|**Total**|2,559|
|**Total Individual number of**
**regular YP**|243|
- _*This will include community events, school assemblies and visits which we are able to resume now COVID -19 restrictions have been lifted._
- _*This target stays the same as half the group from the previous year will continue coming and another half will be recruited in September / October._
## Roehampton Community Box
10,000 Community boxes have been delivered to 325 families providing approximately 100,000 meals for 1200 people in Roehampton affected by food crisis caused by COVID-19.
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Principle Funding Sources**
Funding for the charity is currently sourced from a number of grant-giving bodies, churches and other organisations, as well as individual donors and fundraising events. The trustees are keen to maintain the diversity of funders to help sustain the charity. This year Regenerate has developed a fundraising strategy, which seeks to invest resources to focus on raising funds from the following groups:
1. Organisations _(incl. grant giving bodies, corporate businesses, statutory organisations and churches)_
2. Individual giving _(incl. monthly giving, gifts, and campaign appeals)_
3. Community Fundraising _(incl. community pursuits, and Regenerate events)._
## _**Hayfa, aged 24**_
- _“The biggest impact of being part of Get Leading is having a supportive community of like - minded people who I am able to constantly learn from and be inspired by.”_
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Thank you**
We would like to thank all organisations, grant-giving bodies and churches for their continued financial support and partnership this year, for which we are very grateful. These include: Aquila Family Trust, Ark Putney Academy, BBC Children in Need, Bernard Sunley Foundation, Brownlee Charitable Trust, Carney’s Community, Charities Aid Foundation, Co-op Foundation, Citi Foundation, City of London, City Bridge Trust, Dons Local Action Group, Duvollet Charitable Trust, The East End Family Trust, ES Save London Lives, GC Gibson Charitable Trust, Edward Gostling Foundation, Garfield Weston Foundation, The Generations Foundation, Gibson Trust, Global Make Some Noise, Granard School, Heathmere School, Holy Trinity Barnes, Jack Petchey Foundation, Laing Family Trust, Leigh Trust, Leathersellers Charitable Trust, Leavers Family Trust, Lloyds Bank Foundation, London Borough of Wandsworth, London Community Foundation, The Michael and Betty Little Trust, Pest House Putney, Phoenix Community Care, Pickwell Foundation, Poor Servants of the Mother of God, Porticus UK, Putney Exchange, Putney Parish Action, Rackets Cubed, Richstone Properties, Roehampton Club, Roehampton Parish Trust, Roehampton Students’ Union, Necessity Charitable Trust, St James Place, St Mary's Church Battersea, St Mary’s Church Putney, St Michael’s Church Southfields, St Peter’s Battersea, The Swire Charitable Trust, Tabhair, Tom ap Rhys Pryce Memorial Trust, Vintners Charitable Foundation, The Wimbledon Foundation, Youth Endowment Fund, Connections In Mind.
We are also extremely grateful to the many individuals who regularly support us with their time, knowledge and financial donations. We would also like to thank the residents and communities of Roehampton and the other areas in Wandsworth that we work with for their support and contribution to the work.
_**London to Brighton Bike Ride (the long way round)**_
_The Get Leading group & friends raised over £10,000 on the bike ride from London to Brighton_
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Reserves Policy**
The trustees consider that it is appropriate to hold free reserves in a general fund amounting to in excess of three months of average expenditure. At 31st March 2021 out of free reserves of £235,510, the general fund increased to this level, £130,799 (2020: £55,533)
## **Governance**
The following have served as trustees for the year: Lisa Jones (Chair) Rodney Jenkins, Barny Lee, Andy Chisholm and James Taylor.
## **Responsibilities of the Trustees**
Charity law requires the trustees to prepare financial statements for each financial period, which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently:
- make judgments and estimates that are prudent and reasonable:
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies under Part VII of the Companies Act 2006.
Signed on behalf of the trustees
Mrs Lisa Jones
Date: 15[th] October 2021
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Independent Examiner’s Report to the Members of Regenerate.com**
I report on the accounts of the company for the year ended 31[st] March 2021, which are set out on pages 18 to 25.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that, in any material respect, the requirements
- a) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Eric Southwick BA (Hons) FCA FCIE DChA Eric Southwick & Co Charity Accountants 51 The Avenue Seaham Co Durham SR7 8NS Date: 20[th] October 2021
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**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31[st] March 2021**
||**Notes**|**Unrestricted**
**funds**|**Restricted**
**funds**
|
**Total**
**funds 2021**|
**Total**
**funds 2020**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Donations and legacies|3|326,858|497,910|824,768|509,972|
|Other trading activities|4|39,566|-|39,566|52,929|
|Investments|5|2,768|-|2,768|2,479|
|Other incoming resources||2,188|-|2,188|-|
|**Total**||371,380|497,910|869,290|565,380|
|**Expenditure on:**||||||
|Raising funds|6|17,272|-|17,272|31,695|
|Charitable activities|7|174,131|400,948|575,079|479,763|
|**Total**||191,403|400,948|592,351|511,458|
|**Net income/(expenditure)**||179,977|96,962|276,939|53,922|
|**Net movement in funds**||179,977|96,962|276,939|53,922|
|**Reconciliation of funds**||||||
|Total funds brought forward||55,533|185,526|241,059|187,137|
|**Total funds carried forward**|12|235,510|282,488|517,998|241,059|
The notes on pages 20 to 25 form part of these accounts.
18
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Company Number: 2370795 Balance Sheet As at 31[st] March 2021**
|**Notes**
**Fixed Assets**
Tangible assets
9
**Total fixed assets**
**Current assets**
Debtors
10
Cash at bank and in hand
**Total current assets**
**Current Liabilities**
11
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
12
Unrestricted income funds
12
**Total unrestricted funds**
**Total charity funds**
Creditors: Amounts falling due within
one year|**£**
55,889
401,186
457,075
42,713
235,510|**£**
**£**
**£**
103,636
34,844
103,636
34,844
46,404
181,038
227,442
21,227
414,362
206,215
517,998
241,059
282,488
185,526
55,533
235,510
55,533
517,998
241,059
**2020**
**2021**|
|---|---|---|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime
For the year ended 31[st] March 2021the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts were approved by the trustees and signed on their behalf by:
Mrs Lisa Jones
Date: 15[th] October 2021
The notes on pages 20 to 25 form part of these accounts.
19
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Notes to the accounts**
## **1 Accounting policies**
- In preparing the accounts the following accounting policies have been complied with: a) The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under historical cost convention. Regenerate.com meets the definition of a public benefit entity under FRS 102.
- b) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
- c) Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
- d) All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- i) Donations and legacies received by way of grants, donations and gifts and are included in full in the statement of financial activities when receivable. Grants, where entitlement is conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
- ii) Incoming resources from charitable activities, where related to performance and specific deliverables, are accounted for when the charity earns the right to consideration by its performance.
- iii) Income from other trading activities are accounted for when the charity earns the right to consideration by its performance.
- iv) Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- v) Investment income is included when receivable.
- e) Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- i) Costs of raising funds comprise costs associated with attracting voluntary income, including costs of trading for fundraising purposes and the use of a professional fundraiser.
- ii) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and those costs associated with meeting the constitutional and statutory requirements of the charity and include the costs linked to the strategic management of the charity. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- iii) All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in the notes.
## **2 Taxation**
The charity is exempt from taxation on its income and gains where they are applied for charitable purposes. Irrecoverable VAT is included in the cost of the goods or services on which it was charged.
20
**Regenerate.com Trustees’ Report and Financial Statements 31**
> **[st] March 2021**
## **Notes to the accounts (Continued)**
## **3 Income and endowments from: Donations and legacies**
|**£**
Gifts and donations
61,961
Grants:
Alma Road
1,000
Aquila Family Charitable Trust
25,000
ASDA
-
Barleycorn Trust
-
Bernard Sunley
-
Charities Aid Foundation
20,780
Charles Irving
-
Children in Need
-
Citi Foundation
9,872
City of London
-
Co-Op Foundation
5,064
Duvollet Charity
-
Edward Gostlin Trust
5,000
Garfield Weston
30,000
G C Gibson Charity
4,000
Generations Trust
25,000
Global MSN
-
29,232
Holy Trinity Church, Barnes
3,874
Jack Petchey Foundation
-
James Finlay Ltd
-
James Thornton DAF Hoare
Trustees
-
Kusuma Trust
-
Leathersellers Company
Charitable Trust
10,000
Leaver Family Trust
2,000
Lloyds Charities Trust
15,000
M B Little Trust
-
NHS CCG
-
Pest House
2,500
Poor Servants of Mother of God
1,000
Porticus
-
Putney Parish Action Fund
-
Rackets Cubed
-
RFB
-
Roehampton Club
-
Roehampton Trust
-
Shanley Trust
-
Sir Walter John Ed Trust
-
St James Place Charitable Foundation
-
St Mary's and All Saints, Putney
4,242
St Michael's Church, Southfields
6,000
St Peter's Church, Battersea
1,800
The Shed
-
Swire Charitable Trust
15,000
Tabhair Charitable Trust
-
The Holbeck Charitable Trust
-
The Joseph Rank Foundation
-
The Leigh Trust
-
-
The Lottery
-
The Wimbledon Foundation
-
Tom Ap Rhys Pryce
4,000
Tom Ap Rhys Trust
-
Van Scrappage Scheme
-
Vintners Company
5,000
Wandsworth Council
35,000
Youth Endowment Fund
-
4,533
**Total**
326,858
The London Community Foundation -
Evening Standard Award
HMRC Coronavirus Job Retention Scheme
Other - Grants below £1,000
**Unrestricted**
**funds**|**£**
Gifts and donations
61,961
Grants:
Alma Road
1,000
Aquila Family Charitable Trust
25,000
ASDA
-
Barleycorn Trust
-
Bernard Sunley
-
Charities Aid Foundation
20,780
Charles Irving
-
Children in Need
-
Citi Foundation
9,872
City of London
-
Co-Op Foundation
5,064
Duvollet Charity
-
Edward Gostlin Trust
5,000
Garfield Weston
30,000
G C Gibson Charity
4,000
Generations Trust
25,000
Global MSN
-
29,232
Holy Trinity Church, Barnes
3,874
Jack Petchey Foundation
-
James Finlay Ltd
-
James Thornton DAF Hoare
Trustees
-
Kusuma Trust
-
Leathersellers Company
Charitable Trust
10,000
Leaver Family Trust
2,000
Lloyds Charities Trust
15,000
M B Little Trust
-
NHS CCG
-
Pest House
2,500
Poor Servants of Mother of God
1,000
Porticus
-
Putney Parish Action Fund
-
Rackets Cubed
-
RFB
-
Roehampton Club
-
Roehampton Trust
-
Shanley Trust
-
Sir Walter John Ed Trust
-
St James Place Charitable Foundation
-
St Mary's and All Saints, Putney
4,242
St Michael's Church, Southfields
6,000
St Peter's Church, Battersea
1,800
The Shed
-
Swire Charitable Trust
15,000
Tabhair Charitable Trust
-
The Holbeck Charitable Trust
-
The Joseph Rank Foundation
-
The Leigh Trust
-
-
The Lottery
-
The Wimbledon Foundation
-
Tom Ap Rhys Pryce
4,000
Tom Ap Rhys Trust
-
Van Scrappage Scheme
-
Vintners Company
5,000
Wandsworth Council
35,000
Youth Endowment Fund
-
4,533
**Total**
326,858
The London Community Foundation -
Evening Standard Award
HMRC Coronavirus Job Retention Scheme
Other - Grants below £1,000
**Unrestricted**
**funds**|**£**
130,472
-
-
-
-
-
28,564
1,000
36,767
10,000
-
4,000
-
-
-
-
48,940
-
5,208
-
9,755
-
-
-
-
-
-
-
-
25,000
-
1,402
4,400
-
-
-
-
10,000
-
-
-
60,000
-
10,000
-
-
-
4,000
9,993
41,991
-
5,000
7,000
-
6,793
36,675
950
**Restricted**
**funds**|**£**
**£**
192,433
163,067
1,000
-
25,000
-
-
1,000
-
1,000
-
5,000
49,344
-
1,000
-
36,767
54,355
9,872
-
10,000
-
5,064
-
4,000
4,000
5,000
5,000
30,000
20,000
4,000
4,000
25,000
25,000
48,940
-
29,232
3,874
4,391
5,208
29,670
-
1,000
9,755
10,000
-
10,000
10,000
-
2,000
-
15,000
-
-
60,000
-
10,000
2,500
-
1,000
1,000
25,000
25,000
-
4,218
1,402
-
4,400
-
-
1,098
-
5,000
-
1,000
-
1,500
10,000
-
4,242
4,323
6,000
5,000
1,800
1,800
60,000
-
15,000
1,000
10,000
5,000
-
2,500
-
10,000
-
2,000
4,000
18,545
9,993
-
41,991
-
4,000
-
5,000
-
7,000
-
5,000
-
41,793
8,835
36,675
-
5,483
4,670
824,768
509,972
**Total**
**funds 2021**
**Total**
**funds 2020**|
|---|---|---|---|
||326,858|497,910||
21
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Notes to the accounts (Continued)**
## **4 Income and endowments from: Other trading activities**
||**Unrestricted**|**Restricted**|**Total**|
**Total**|
|---|---|---|---|---|
||**funds**|**funds**|**funds 2021**|**funds 2020**|
||**£**|**£**|**£**|**£**|
|Fundraising events|39,566|-|39,566|52,929|
|**ncome and endowments from: Investments**|||||
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**funds**|**funds 2021**|**funds 2020**|
||**£**|**£**|**£**|**£**|
|Hire of premises|2,750|-|2,750|2,400|
|Bank interest|18|-|18|79|
|**Total**|2,768|-|2,768|2,479|
## **5 Income and endowments from: Investments**
## **6 Expenditure on: Raising funds**
|**xpenditure on: Raising funds**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
**Total**|
||**funds**|**funds**|**funds 2021**|
**funds 2020**|
||**£**|**£**|**£**|**£**|
|Fundraising costs and fees|17,272|-|17,272|31,695|
|**xpenditure on: Charitable activities**|||||
||**Unrestricted**|
**Restricted**|
**Total**|
**Total**|
||**funds**|
**funds**|
**funds 2021**|
**funds 2020**|
||**£**|**£**|**£**|**£**|
|Charitable activities|174,131|400,948|575,079|479,763|
## **7 Expenditure on: Charitable activities**
The expenditure on charitable activities includes the Independent Examiners’ fees of £1,210 (2020: £1,175).
## **8 Trustee and employee information**
- a) Trustee information
No trustee received remuneration or was reimbursed expenses during the year.
- b) Employee Information
No employee received emoluments in excess of £60,000 during the period (2020: nil). Employee costs during the period were as follows:
|Salaries
Social Security
Pension Costs|**£**
**£**
348,836
297,619
22,515
20,657
7,685
6,519
379,036
324,795
**2021**
**2020**|
|---|---|
22
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Notes to the accounts (Continued)**
## **8 Trustee and employee information (Continued)**
The average number of people employed during the period was 24 (2020: 19), the fulltime equivalent posts were as follows:
|**9 Fixed Assets**
Administration and support
Charitable activities|1
1
13
9
14
10
**2021**
**2020**|
|---|---|
|**Cost**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the period
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020|**£**
20,363
13,972
**Plant &**
**machinery**|**Motor**
**vehicles**
**Total**
**£**
**£**
43,139
63,502
89,365
103,337
132,504
166,839
10,784
28,658
30,430
34,545
41,214
63,203
91,290
103,636
32,355
34,844|
|---|---|---|
||34,335||
||17,874
4,115||
||21,989||
||12,346||
||2,489||
Plant and machinery is depreciated at 25% per annum on a reducing balance basis, and Motor vehicles are depreciated at 25% per annum on a reducing balance basis. Items below £1,000 are not capitalised.
## **10 Debtors**
|**Creditors: Amounts falling due within one year**
Other debtors
Amounts owed by group undertakings and undertakings in which
the company has a participating interest
Trade creditors
Other taxes and social security
Other creditors and accruals
Deferred income|**£**
**£**
34,775
29,703
21,114
16,701
55,889
46,404
**2021**
**2020**
**£**
**£**
4,573
2,439
10,375
8,024
24,038
8,186
3,727
2,578
42,713
21,227
**2021**
**2020**|
|---|---|
## **11 Creditors: Amounts falling due within one year**
23
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Notes to the accounts (Continued)**
## **12 Reserves**
|**Restricted funds**
Ashburton Refurbishment
Roehampton Community
Box
Get Active
Get Focused
Get Helping
Get Leading
Get Working - Capital
Get Working - Operating
as The Feel Good Bakery
Capital Fund
**Unrestricted funds**
General fund
Designated Projects Fund|**At 1 April**
**2020**
**£**
24,847
-
21,242
-
30,102
8,835
38,000
62,500
-
185,526
55,533
-
55,533
241,059|**Incoming**
**resources**
**£**
-
74,478
122,534
51,791
12,910
3,500
108,034
124,663
-
497,910
371,380
-
371,380
869,290|**Outgoing**
**resources**
**Transfers**
**At 31**
**March**
**2021**
**£**
**£**
**£**
(16,556)
-
8,291
(43,622)
-
30,856
(134,085)
-
9,691
(33,691)
-
18,100
(25,571)
17,441
(12,335)
-
-
(25,239)
(75,719)
45,076
(109,849)
-
77,314
-
75,719
75,719
(400,948)
-
282,488
(191,403)
(104,711)
130,799
-
104,711
104,711
(191,403)
-
235,510
464,991
-
517,998|
|---|---|---|---|
The Designated Projects Fund is for future projects to provide new opportunities for young people.
## **13 Analysis of net assets between funds**
|**Restricted funds**
Current assets
**Unrestricted funds**
Fixed assets
Current assets|282,488
103,636
131,874|**£**
**£**
282,488
185,526
34,844
235,510
20,689
517,998
241,059
**2021**
**2020**|
|---|---|---|
24
**Regenerate.com Trustees’ Report and Financial Statements 31[st] March 2021**
## **Notes to the accounts (Continued)**
## **14 Comparatives for the Statement of Financial Activities**
||**Unrestricted**|**Restricted**
|
**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds 2020**|
||**£**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|189,573|320,399|509,972|
|Other trading activities|52,929|-|52,929|
|Investments|2,479|-|2,479|
|**Total**|244,981|320,399|565,380|
|**Expenditure on:**||||
|Raising funds|31,695|-|31,695|
|Charitable activities|193,530|286,233|479,763|
|**Total**|225,225|286,233|511,458|
|**Net income/(expenditure)**|19,756|34,166|53,922|
|**Net movement in funds**|19,756|34,166|53,922|
## **15 Related Parties**
The charity is the sole member of The Feel Good Bakery C.I.C., a social enterprise incorporated on 23[rd] June 2014. It continued to provide administrative and finance services for The Feel Good Bakery C.I.C. free of charge which the trustees consider to be a non-commercial transaction and raises money to meet certain other expenses through its The Feel Good Bakery fund.
## **16 Controlling Parties**
The charity is controlled by the trustees.
## **17 Other information**
The charity is a company limited by guarantee with its registered office at Ashburton Youth Centre, Westleigh Ave, Putney, LONDON, SW15 6XD.
25