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2023-07-31-accounts

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REGISTERED COMPANY NUMBER: 04422128 (England and Wales) REGISTERED CHARITY NUMBER: 1095328

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR ENVIRONMENTAL VISION

Clemence Hoar Cummings Chartered Accountants & Statutory Auditor Riverside House 1-5 Como Street Romford Essex RM7 7DN

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ENVIRONMENTAL VISION

CONTENTS GF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

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ENVIRONMENTAL VISION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2023

TRUSTEES S N Lough Chair (resigned 08.06.2023)
$
K Boswell
S$ Higgins
T Miller
R Toguri
S Yarrow
B Hobkinson
J Haligah
TShanagher (appointed trustee 13.03.2023 &
chair 08.06.2023)
COMPANYSECRETARY O Day
REGISTERED OFFICE 7-14 Great Dover Street
London
SE1 4YR
REGISTEREDCOMPANY NUMBER 04422128 (England and Wales)
REGISTERED CHARITY NUMBER 1095328
AUDITORS Clemence HoarCummings
Chartered Accountants and Statutory Auditor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
BANKERS Co-operative Bank PLC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
CEO ElisabethPaulson

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ENVIRONMENTAL VISION

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REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

ee The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023, The trustees have adopted the pravisions of 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 2019).

OBJECTIVES AND ACTIVITIES

OBJECTIVES At Envision, we believe a young person’s background mustn’t determine their future. It is not acceptable that young people from less advantaged backgrounds too often miss out on the opportunities to build the Essential Skills and confidence needed to succeed in later life. We want to live in a society where all young people have equal opportunities to develop their skills and confidence. We empower young people from less- advantaged backgrounds, who are often underrepresented in the world of work, to develop the Essential Skills and confidence they need to succeed. We partner young people with Envision Programme Coordinators and a team of mentors from a local business to deliver a social action project that makes a positive change in their school or college community. Working towards their project goals and key milestones, young people build the essential skills and confidence proven to support their education, employment and well-being. We also support the wider movement for more focus on, and funding for, Essential Skills. We believe support to develop Essential Skills must be embedded in young people’s education, with a special focus on young people from underrepresented background,

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ENVIRONMENTAL VISION

REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

The 2023/24 school year marks the third year of this plan, and we are on track to meet our end-pian goals, while beginning to plan for the launch of our next multiyear plan.

We are driven by a huge challenge. To have the best chance of success in life, young people need to develop a full range of skills. They need to build their basic skills, such as math, English and coding. They also need training in job specific skills that target specific roles and industries. And they must develop their essential skills - the enduring, transferable skills useful in any role, in any challenge and throughout life. The first two are widely recognised and supported through both policy and funding. But support to help young people develop Essential Skills has been left behind. There’s often confusion about what they are, what to call them, how to develop them, how to fund them.

And yet a growing wave of evidence points to the critical role Essential Skills play in supporting young peaple’s success in school, work and life — especially young people from less-advantaged backgrounds. We know that they are 50% more likely to be out of work or training in early adulthood and, even if these young people achieve at GCSEs, this gap only partially narrows. To help close this disadvantage gap, we need to ensure lessadvantaged young people have access to quality, Essential Skills programmes in school, college and beyond. To address this challenge, we aim to becomea leading, impact-led provider of Essential Skills and confidence programmes to less-advantaged young people in the UK. To achieve this, we must:

REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

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ENVIRONMENTAL VISION

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*Our vision our next three-year plan is to work together to build and deepen our work in our core hubs of Birmingham, Bristol and London, expand te spoke areas around them and develop a new way of working in a new geography if our test for sustained cornerstone support is met, enabling us to take our critical support for Essential Skills and confidence development to more and more young people that need it, and modelling scalable ways to do so. We want to help drive the movement that demonstrates that these skills are wanted, needed and can be delivered sustainably and well. We are excited to take what we have learned and do more — more for the young people who need quality Essential Skills programmes like ours to succeed in school, in work and life.

ACHIEVEMENTS AND PERFORMANCE

WHO WE WORKED WITH

We work with young people who are under-represented in the world of education, employment and training. In collaboration with teachers, we enrol and support target young people, mainly in schools in areas of economic disadvantage, who meet our target population criteria.

Last year, Envision required that at least 70% of pupils registered on the programme are eligible for Free School Meals (Secondary } or 60% were eligible for 16-19 Bursary (Post 16) . We work with teachers to ensure the remaining pupils are selected based on the following criterfa: Low self-confidence or self-esteem, mild/mocerate special educational needs or disabilities (SEND), mild English as an additional language (EAL). Last year (2022-23) - 92% of our young people fit into at least one of our target criteria, with just under 70% THEFSM/ P P/bursaryROGRAMME eligible,ACTIVITIES based on very strong data completeness. Our structured programme is delivered in schools and colleges by our trained Envision staff and runs over a 12(Secondary) or 20- (Post-16) week period. Each team of young people is partnered with a team of mentors who support them to design, develop, and deliver an in-school, social action project that will make a positive change in their school or college. Working towards their project goals and key milestones, young pecple build the essential skills and confidence proven to support their education, employment and well-being. Culminating in a final cross-school event, teams come together to showcase their skills development and project achievements to their peers, mentors, and a panel ofjudges.

Ali graduates are invited to join our graduate network, where we share opportunities, tips and training from other partners and peers. We are also developing work experience opportunities with mentor partner business, where young people can practice the skills they've identified and built in the programme ina supportive workspace. The programme Is structured as follows:

Weekly in-school sessions: facilitated by an Envision Programme Coordinator, young people work in teams to design, develop, and deliver a social action project that makes a positive change in their school or college community. Mentoringbusiness to sessions:allow young our Programmepeople to work Coordinators with mentors facilitateto develop sessionstheirin theEssential workplaceSkills, atconfidence, a local partnerand raise their aspirations. There are 4 mentor engagements throughout the programme. Milestone events: young people take part in two progressively demanding ‘milestones’ - the Pitch, where they present their initial ideas for their project to mentors and peers and gain feedback and the Final Presentation, where they showcase their achievements to a pane! of judges to be crowned the winning team.

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REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

ENVIRONMENTAL VISION

ENROLMENT AND RETENTION

This year we enrolled 1,093 young people in London, Bristol and Birmingham through our core Envision programme, 93% of whom met our target population criteria.

Growth involved working with an increasing number of schools and colleges — building our penetration in hub cities areas. As a part of our impact strategy design, we identified not only the target young people we intend to serve, but also the target profile of the schools where we can best deliver our programme in line with our mission. As a part of our existing growth work, and our future plans, we have mapped the schools and colleges that meet our target criteria and worked to partner with them, while slowly winding down our work with schools that fall outside our target profile.

' We also piloted working with further education (FE) colleges in Birmingham — a branch of the post-16 sector — to learn how our programme can be delivered effectively to target young people in a different school context _ where need is high and enrichment skills support is lacking. The colleges and local corporates were very supportive and we will re-run the pilot in 2023/24 with some refinements to account for the high-needs student population and different school structure.

We retained 82% of the enrolled young people in our Secondary programme and 66% of those in Post-16 settings.

Envision aspires to become an impact exemplar in essential skills programmes. We hope to spotlight the importance of intentionally buitding essential skills, showing we can help young people understand and improve them and then learning over time if the improvement is positively correlated to longer term destination cutcomes. To do this we have invested heavily in the people, processes and systems necessary to -prioritise outcomes and impact — and have kept continuous improvement at the core of all we do.

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QUTCOMES

As an Impact Level 4 part of Skills Buifder Partnership, we have consolidated the Essential Skills we develop and measure to devise the Envision Essential Skills Framework. This is aligned with Skills Builder’s Universal Framework, a framework used by over 800 organisations who are united around its shared language, principles “and outcomes around skills development.

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Our Essential Skills Framework sits at the heart of our programmes: not only do our skills statements make up the baseline and endline self-evaluation surveys used with our young people, but they also underpin our curriculum content and resources and are explicitly used by our Programme Coordinators throughout delivery. Through structured baseline and endline self-assessment surveys — surveys that use the Envision Essential Skills Framework -- this year we found the following skills improvement :

Secondary:

Post-16 (including pilot FE Colleges}:

° 71% improved their Communication skills . 68% improved their Creativity skills

. 66% improved their Determination skills . 61% improved their Teamwork skills

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ENVIRONMENTAL VISION

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REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

In addition, qualitative surveys completed at the end of the programme showed that young people also felt strongly they had improved in these four key skills:

Secondary

Post-16 {including pilot FE Colleges):

EXTERNAL CONTEXT

We are driven by a national challenge. Young people from low-income backgrounds continue to receive worse grades than their better off peers at GCSE. They are also twice as likely not to be in employment, education or training in later life ~ with only half of this gap explained by differences in educational attainment. Qualifications matter, but they are only part of the story when trying to support young people from disadvantaged background to succeed in work and life.

Essential skills have been found to bolster learning in the classroom, boost academic outcomes, and improve perseverance and self-belief. In addition, addressing “gaps in what have historically been referred to as ‘soft’ skills could tackle the very hard inequalities currently present for young people” including this disadvantage gap around future employment and training, according to the Fair Education Alliance. Young people and empioyers want more support to develop Essential Skills. Our graduates speak with passion and clarity about the importance of the skills they develop on the Envision programme. This echoes research from Skills Builder Partnership that found that young people “see the value of essential skills, especially supporting progression in employment (91%), and overcoming wider life challenges (89%). These same young people feel that these essential skills “should be a normal part of a good education but at the moment not all young people are getting those opportunities”. Young people's views are echoed by business leaders. The Confederation of Business Industry (C81) annual survey on the views of employers on what skills young people entering the workplace are typically lacking repeatedly show that employers are dissatisfied with school feavers’ level of life skills, such as self-management, interpersonal skills and problem solving. This was echoed in a 2023 study by Demos, an independent think tank, which found that employers are most concerned about young people’s lack of transferable skills: the education system does not prioritise these transferable, essential skills and tess advantaged young people are not accessing the extra-curricular activities that could help develop them.

But access to Essential Skills development is not equal — and this isn’t fair. Young people, school leaders and employers agree that young people don’t leave school with the Essential Skills needed for work. Young people from less-advantaged backgrounds, in particular, develop Essential Skills to lower levels than their peers from more advantaged backgrounds. They too often miss out on the opportunities to build the confidence and essential skills they need to succeed in later life. This is unacceptable. We believe where you grew up mustn't determine where you're going. Our external affairs work is designed to drive two, main outcomes: ensuring young people’s education includes quality, Essential Skills programming and encouraging more collaboration behind young people’s lifelong success.

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REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

ENVIRONMENTAL VISION

To advance these aims, our communications and influencing workstreams aim to ensure we can add our voice and experience to the policy dialogue on the pivotal role of Essential Skills in young people’s success. In addition, we have helped activate two, key Essential Skills policy working groups in both the youth employment and educations sectors, bringing together advocates, researchers and practitioners to speak with a unified voice. FINANCIAL REVIEW

Summary

Envision has another successful year financially in the financial year 2022/23. Despite budgeting a deficit of £117,260, we delivered a modest surplus of £20,198 due to an overperformance on income as well as savings on expenditure. This surplus, along with our unrestricted reserves, will help us fund the growth that is planned in the coming years.

During the year we received income from the following sectors: trusts and foundations 39% (2021/22: 43%); corporate 39% (2021/22: 32%); individual donations 16% (2021/22: 22%); statutory 0% (2021/22: 0%) and fees and consultancy 6% (2021/22: 3%).

Further details of the financial activity are set out in the statement of financial activities on page 10. At the end of the year the charity had net assets of £530,296 (2021/22: £510,098) analysed in the balance sheet on page i1.

Reserves Policy

The Trustees review free reserve levels annually and they are monitored throughout the year. Free reserves exclude fixed assets and restricted funds and enable Envision to continue its operations in a changing environment. Management regularly review funds within the scope of the reserves policy to take in to account the latest targets and assessment of risks and opportunities.

The Trustees consider that in the tight of plans to continue to develop charitable activities and to manage risk Envision should target free reserves at a level that will allow Envision to prudently but effectively continue those operations.

Going concern

We have set out above a review of Envision’s financial performance and the general reserves position. We are satisfied that we have adequate financial resources and are able to manage the business risks beyond the end of the next 12 months.

We believe that there are no material uncertainties that call into doubt Envision’s ability to continue in operation. Accordingly, the accounts have been prepared on the basis that Envision is a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 224 April 2002 and registered as a charity on 9" January 2003.

Recruitment and appointment of new trustees

Environmental Vision (Envision) advertises its Trustees positions through networks, contacts and openly through the media and on our website. Anyone interested in joining the Board of Trustees is required to complete an application form, including a personal statement outlining how their skills and experience meet the requirements of the rele. Ail shortlisted candidates are interviewed by the Chair of Trustees and Chief Executive. Feedback is provided to both successful and unsuccessful candidates.

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ENVIRONMENTAL VISION

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REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

Organisational structure

The Board of Trustees is responsible for overseeing strategic development, financial security and legal compliance. It holds the executive to account over planned objectives. The board meets quarterly over the course of the year and Trustees are involved in other operational matters as needs dictate.

Responsibility for day-to-day management of the charity is delegated to the chief executive and Senior Management Team.

Induction and training of new trustees

All Trustees receive an induction pack including the NCVO ‘Good Trustee Guide’ and key organisational policies and documents. New Trustees meet with senior staff prior to appointment to run through the organisation’s structure, activities, finances and future plans. Young Trustees receive a more in-depth induction and particular support from the Director of Finance and Resources to ensure that they are able to contribute fully. Trustees periodically attend top-up training, attend events and visit our regional offices.

Risk Management

The Board of Trustees are responsible for ensuring that the Charity has the systems and means to provide reasonable assurance against inherent risks. These risks include operational, financial and regulatory risks. Envision has a categorized risk assessment along with a risk assessment register to identify and score potential risks. The Board of Trustees have acknowledged that the systems have been established to mitigate the risks prevented and are satisfied with the organisation’s handling of these matters.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Environmental Vision for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.

Company iaw 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 thase financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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ENVIRONMENTAL VISION

REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

in so far as the trustees are aware:

AUDITORS

The auditors, Clemence Hoar Cummings, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on nk O224-20LOSE And signed on its behalf by:

a [fv (ho T. Shanagher— Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ENVIRONMENTAL VISION

Opinion

We have audited the financial statements of Environmental Vision (the ‘charitable company’) for the year ended 31* July 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in theseaccordanceincludingrequirements. thewith FRC’sthe EthicalethicalWe believe Standard,requirementsthat and the weauditthat have evidenceare fulfilledrelevant we ourtohave otherour auditobtained ethicalof the responsibilitiesis sufficientfinancial andstatementsinappropriate accordancein theto withUK, provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cause significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect te going concern are described in the relevant sections of this report,

Other information The trustees are responsible for the other information. The other information comprises the information thereon.included in the Annual Report, other than the financial statements and our Report of the Independent Auditors Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon, in connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ENVIRONMENTAL VISION

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees {who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or errer and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements,

We have evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ENVIRONMENTAL VISION

We have concluded on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal contro! that we identify during our audit.

We have then designed our audit tests in each area to identify whether in respect of the transactions we have selected for testing the relevant controls have operated as expected.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Blunden FCCA CTA (Senior Statutory Auditor} for and on behalf of Clemence Hoar Cummings Chartered Accountants and Statutory Auditor Riverside House 1-5 Como Street Romford Essex RM7 7DN Date: 20 Mesch..2024....

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ENVIRONMENTAL VISION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS
FROM
Donations and legacies 2 173,964 - 173,964 192,541
Charitable activities
Envision programmes 3 459,862 444,750 904,612 692,399
Total 633,826 444,750 1,078,576 884,940
EXPENDITURE ON
Raisingfunds 4 - 107,000 107,000 95,452
Charitable activities
Envision programmes 5 53,145 898,233 951,378 762,106
Total 53,145 1,005,233 1,058,378 857,558
NET INCOME/(EXPENDITURE) 580,681 (560,483} 20,198 27,382
Transfers between funds 47 (545,639) 545,639 - -
Net movement in funds 35,042 {14,844} 20,198 27,382
RECONCILIATION OF FUNDS
Total funds brought forward 495,254 14,844 510,098 482,716
FOTAL FUNDS CARRIED 530,296 - 530,296 510,098
FORWARD —— _ ——— —§=——§¥

The notes form part of these financial statements

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ENVIRONMENTAL VISION

BALANCE SHEET

31 JULY 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 13 94,010 - 94,010 39,071
Cash atbank 923,062 = 923,062 889,336
1,017,072 - 1,017,072 928,407
CREDITORS
Amounts fallingduewithin oneyear 14 (473,776) - (473,776) (405,309}
NET CURRENT ASSETS 543,296 - 543,296 523,098
TOTALASSETS LESS CURRENT LIABILITIES 543,296 = 543,296 523,098
PROVISION FORLIABILITIES 16 (13,000) - (13,000) {13,000}
NETASSETS 530,296 - 530,296 482,716
FUNDS 17
Unrestricted funds 530,296 495,254
Restricted funds - 14,844
TOTALFUNDS 530,296 510,098

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorized for issue on do--27-10 3-104 and were signed on its behalf by:

H/b (hut T. SHanagher - Trustee

The notes form part of these financial statements

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ENVIRONMENTAL VISION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 33,726 194,657
Net cash provided by operating activities 33,726 194,657
Change in cash and cash equivalents in the
reporting period 33,726 194,657
Cash and cash equivalents at the
beginning ofthe reporting period 889,336 694,679
Cash and cash equivalents at the end of
thereportingperiod 923,062 889,336

The notes form part of these financial statements

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ENVIRONMENTAL VISION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2023

1. RECONCILIATION OF NET INCOMME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2023 2022
£ £
Net income for the reporting period (as pertheStatement of
Financial Activities) 20,198 27,382
Adjustments for:
([ncrease)/decrease in debtors (54,939) (13,337)
Increase in creditors 68,467 180,612
Net cash provided by operations 33,726 194,657
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.22 Cash flow At 31.7.23
£ £ £
Net cash
Cash at bank 889,336 33,726 923,062
889,336 33,726 923,062
Total 889,336 33,726 923,062

The notes form part of these financial statements

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company which is a pubjic 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of treland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities (SOFA) once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The following specific policies are appiied to particular categories of income:

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be cirectly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Charitable activities include the direct costs of the Envision programmes and the indirect support costs of delivering the programme.

Support costs are allocated between charitable programmes and governance, and between the charitable programmes on the basis of estimated time spent by staff.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees,

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2, DONATIONS AND LEGACIES

2023 2022
£ £
Donations 158,153 170,250
Gift aid 15,811 22,291
173,964 192,541
3. INCOME FROM CHARITABLE ACTIVITES
2023 2022
Activity £ £
Grants Envision Programmes 837,562 662,899
Consultancy Envision Programmes 2,500 2,750
School Contributions Envision Programmes 64,550 26,750
904,612 692,399
Grants received, included in the above, are as follows: “eee era
2023 2022
£ £
Mercers’ Charitable Foundation 90,904 -
CAF Resilience Fund 73,000 65,000
John Laing Charitable Trust - 30,000
Paul Hamlyn Foundation - 30,000
The Dulverton Trust - 30,000
The FrankJackson Foundation 15,000 10,000
The Elizabeth and Prince Zaiger Trust 5,000 5,000
The Vintners’ Company 5,000 5,000
Jack Petchey Foundation 2,700 2,550
The Worshipful Company of Grocers - 500
Other Grants 645,958 484,849
837,562 662,899

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STAFEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

4. RAISING FUNDS
Raising donations and legacies
2023 2022
£ £
Staff costs 87,658 70,858
Other fundraising costs 19,342 24,594
107,000 95,452
5. CHARITABLE ACTIVITIES COSTS
Direct Costs Support Costs
(see note 6} (see note 7) Totals
£ £ £
Envision programmes 675,301 276,077 951,378
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£ £
Staff costs 575,474 423,663
Other direct costs 8,335 1,977
Direct costs 91,492 59,058
675,301 484,698
7. SUPPORT COSTS
Management Finance Governance costs Totals
£ £ £ £
EnvisionProgrammes 262,866 9 13,202 276,077

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

7. SUPPORT COSTS continued

Support costs, included in the above, are as follows:

2023 2022
Envision Envision
Programmes Programmes
£ E
Wages 156,226 132,191
Rent and rates 58,536 55,715
Insurance 1,952 1,842
Computer consumables 34,079 68,837
Office consumables 4,758 2,001
Sundries 7,315 3,029
Bad debt 9 1,968
Governance staff costs 5,105 4,662
Auditors’ remuneration 5,580 5,489
Auditors’ remuneration for non-audit work - 1,455
Bank charges 2,517 219
276,077 277,408
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) isstated after charging/(crediting):
2023 2022
£ £
Auditors’ remuneration 5,580 5,489
Auditors’remunerationfornon-auditwork - 1,683

9. TRUSTESS’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 34 July 2023 nor for the year ended 31 July 2022,

Trustees’ expenses

Reimbursed fundraising and volunteer expenses totaling £0 (2022: £560} were paid to zero (2022: one} of the trustees,

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

10. STAFF COSTS
2023 2022
£ £
Wagesand salaries 716,586 552,244
Secial security costs 72,431 51,509
Other pension costs 35,446 27,621
824,463 631,374

The average monthiy number of employees during the year was as follows:

2023 2022
Programme coordination 21 17
Fundraising 2 1
23 18
The number ofemployees whose employee benefits (excluding employer pension costs) exceeded The number ofemployees whose employee benefits (excluding employer pension costs) exceeded £60,000
was:
2023 2022
£60,001-£70,000 1 1

Key Management Personnel

The key management personnel of the charity comprise the Trustees, the Chief Executive Officer (CEO) and the Director of Finance and Resources. In 2021-2022 there was a transition from the outgoing Head of Finance and Resources to the incoming Director of Finance and Resources mid-year. The total remuneration of key management personnel during the year 2022-2023 was £126,418 for 2 people (2022: £116,088 for 3 people}.

11. MATERIAL TRANSFERS

£545,639 (2022: £368,516) was transferred from the unrestricted funds in favour of[the][restricted][funds][as][a] contribution towards the Envision programme.

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 192,033 508 192,541
Charitable Activities
Envision Programmes 251,878 440,521 692,399
Total 443,911 441,029 884,940
EXPENDITURE ON
Raising funds - 95,452 95,452
Charitable Activities
Envision Programmes 24,012 738,094 762,106
Total 24,012 833,546 857,558
NET INCOME/(EXPENDITURE} 419,899 (392,517) 27,382
Transfers between funds (368,516) 368,516 -
Net movement in funds 51,383 (24,001) 27,382
RECONICILIATICN OF FUNDS
Total funds brought forward 443,871 38,845 482,716
TOTAL FUNDS CARRIED FORWARD 495,254 14,844 510,098
13.
DEBTORS: AMOUNTS FALLING BUE WITHIN ONE YEAR
2023 2022
£ £
Prepaymentsandaccruedincome 94,010 39,071

Prepayments and accrued income included accrued income of £75,010 (2022: £23,509}.

Continued...

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ENVIRONMENTAL VISION

NOTES FO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

  1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR continued
Accrued income
Movements in year 2023 2022
£ £
Accrued income at 1 August 2022 23,509 15,105
Released during the year {23,509} (15,105)
Arising in the year 75,010 23,509
Balance at 31 July 2023 75,010 23,509
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Social security and other taxes 23,304 23,097
Accruals and deferred income 450,472 382,213
473,776 405,310
Accruals and deferred income includes deferred income of£432,884 (2022:£361,649}
Movements in year 2023 2022
£ £
Deferred income at 1 August 2022 361,649 198,167
Released during the year (361,649) {198,167}
Arising in the year 432,884 361,649
Balanceat31July2023 432,884 361,649
  1. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income includes deferred income of £432,884 (2022: £361,649}

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023 2022
£ £
Within oneyear 13,947 15,813
Between one and five years - 1,374
13,947 17,187
16. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Provisions 13,000 13,000

,

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

17. MOVEMENT IN FUNDS

.

Net Transfers
movement in between
At 1.8.22 funds funds At 31.7.23
£ £ £ £
Unrestricted funds
General Fund 495,254 580,681 (545,639) 530,296
Restricted funds
London - (214,148) 214,148 -
Birmingham = (168,693) 168,693 ;
Bristol - (162,425) 162,425 -
National Programmes 14,844 (15,217) 373 -
14,844 (560,483) 545,639 -
TOTAL FUNDS 510,098 20,198 - 530,296
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund 633,826 (53,145} 580,681
Restricted funds
London 185,200 (399,348) (214,148)
Birmingham 121,550 (290,243) (168,693)
Bristol 138,000 (300,425) (162,425}
National Programmes - (15,217} {15,217}
444,750 (1,005,233) (560,483)
TOTALFUNDS 1,078,576 (1,058,378) 20,198

Continued...

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ENVIRONMENTAL VISION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

17. MOVEMENT IN FUNDS continued

Comparatives for movement in funds

Net Transfers
movement in between
At 1.8.21 funds funds At 31.7.22
£ £ £ E
Unrestricted funds
General Fund 443,871 419,899 (368,516) 495,254
Restricted funds
London - (170,088) 170,088 -
Birmingham - (86,653) 86,653 ;
Bristol - (111,775) 111,775 .
National Programmes 38,845 (24,001} “ 14,844
38,845 (392,517) 368,516 14,844
TOTAL FUNDS 482,716 27,382 - 510,098
Comparative net movement In funds, included in the above are asfollows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund 443,911 (24,012) 419,899
Restricted funds
London 170,336 (340,424) (170,088)
Birmingham 136,501 (223,154) (86,653)
Bristol 134,192 (245,967) (111,775)
National Programmes - (24,001) (24,001)
441,029 (833,546) (392,517)
TOTALFUNDS 884,940 (857,558) 27,382

Comparative net movement In funds, included in the above are as follows:

Continued...

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ENVIRONMENTAL VISION

| |

| | :

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

17. MOVEMENT IN FUNDS continued

A current year 12 months and prior year 12 months combined position is as follows:

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||||||| |---|---|---|---|---|---| |Net|Transfers| |movement|in|between| |AC|18,21|funds|funds|At|31.7.23| |£|£|£|£| |Unrestricted|funds| |General|Fund|443,871|1,000,580|(914,155)|530,296| |Restricted|funds| |London|-|(384,236)|384,236|-| |Birmingham|.|(255,346)|255,346|-| |Bristol|-|(274,200)|274,200|-| |National|Programmes|38,845|(39,218)|373|-| |38,845|{953,000)|914,155|-| |TOTAL FUNDS|482,716|47,580|-|530,296|

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Acurrent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |resourcesIncoming|Resourcesexpended|Movementin funds| |£|£|£| |Unrestricted|funds| |General|Fund|1,077,737|(77,157)|1,000,580| |Restricted|funds| |London|355,536|(739,772)|(384,236)| |Birmingham|258,051|(513,397)|(255,346)| |Bristal|272,192|(546,392}|(274,200)| |National|Programmes|-|(39,218)|(39,218)| |885,779|(1,838,779)|(953,000)| |TOTAL FUNDS|1,963,516|(1,915,936)|47,580| |18.|RELATED PARTY DISCLOSURES| |There were no|related|party transactions for the year ended|31|July 2023.|

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ENVIRONMENTAL VISION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

2023 2022
£ £
Management
Finance
Bad debt 9 1,968
Governance costs
Governance staff costs 5,105 4,662
Auditors’ remuneration 5,580 5,489
Auditors’ remuneration for non-audit work - 1,455
Bank charges 2,517 219
13,202 11,825
Total resources expended 1,058,378 857,558
Netincome 20,198 27,382

This page does not form part of the statutory financial statements.

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ENVIRONMENTAL VISION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

,

2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 158,153 170,250
GiftAid 15,811 22,291
173,964 192,541
Charitable activities
Grants 837,562 662,899
Consultancy 2,500 2,750
School contributions 64,550 26,750
904,612 692,399
Total incoming resources 1,078,576 884,940
EXPENDITURE
Raising donations and legacies
Wages 87,658 70,858
Other fundraising costs 19,342 24,594
107,000 95,452
Charitable activities
Wages 467,597 344,535
Social Security 72,431 51,508
Penstons 35,446 27,620
Other direct costs 8,335 1,977
Direct costs 91,492 59,058
675,301 484,698
Support costs
Management
Wages 156,226 132,191
Rent and rates 58,536 55,715
Insurance 1,952 1,842
Computer consumables 34,079 68,837
Office consumables 4,758 2,001
Sundries 7,315 3,029
262,866 263,615

This page does not form part of the statutory financial statements.

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