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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 04929970 (England and Wales) REGISTERED CHARITY NUMBER: 1101030 (England and Wales), SCO43344 (Scotland)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021

FOR

SWITCH180

(A COMPANY LIMITED BY GUARANTEE)

PREVIOUSLY KNOWN AS SNOW-CAMP

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

SWITCH180

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021

Page
Report of the Trustees 1 to 10
Report of the Independent Auditors 11 to 14
Statement of Financial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Cash Flow Statement 18
Notes to the Financial Statements 19 to 28
Detailed Statement of Financial Activities 29 to 30

SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

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 30th June 2021. The trustees have adopted the provisions 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).

Public Benefit

Switch180 is a national youth charity providing life changing services to young people.

Our overall mission is to turn young lives around through physical and mental health support. To achieve this, we run two services called Snow Camp and Stop.Breathe.Think. Our programmes support young people in the UK's most disadvantaged areas.

We believe that every young person in the UK should have access to positive opportunities and support. We help those who are 21 and younger to gain the skills and tools they need to live positive and healthy lives.

For full and up to date information on how Switch180 delivers benefit and the range of programmes and events being delivered by the charity, please see www.switch180.org.uk and our Annual Report.

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17 (5) of the Charities Act 2011 to have due regard to public benefit and to the Charity Commission Guidance on public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The Trustees believe that the following paragraphs, specifically on the "Objectives and Activities" and "Achievements and Performance" for the year, relate in detail the benefit that the charity provides to the public.

Page 1

SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

OBJECTIVES AND ACTIVITIES Objectives and aims

Our Aim

To help young people have the best lives they can through accessible and engaging programmes which provide continuing support and development.

Our Objectives

PROVIDE spaces for young people to progress and be heard. ENGAGE young people through youth-friendly accessible programmes. CONNECT young people with our support network to provide emotional and practical help. TEACH young people the skills they need to live happy and healthy lives. ACHIEVE long-lasting positive change.

Our Programmes

We started working with young people through our programme Snow Camp in 2003. At the time our Founder, Dan Charlish, was working as a youth worker on an estate in Stockwell. He overheard his group saying, whilst playing a snowboarding X-Box game, that this was the closest they were ever going to get to snowsports. A snowboarder himself, Dan realised that snowsports could be the mechanism to bring about positive social change for his young people. The shift from inner-city estate to the mountain environment was so extreme, that in itself created a response in young people, widening their horizons and raising their aspirations.

In 2007, Snow Camp evolved from residential trips abroad into a UK based training programme taking place at indoor snow centres across the country. Now young people head to the mountains once a year as part of their instructor training.

In 2018, 83% of Snow Camp's young people said that they would benefit from greater support with their mental health and emotional well-being. As a result, mental health support through targeted workshops, mindfulness training, 1:1 counselling and group counselling sessions became key components of the courses. The mental health aspect of our work grew rapidly during the pandemic, and we knew we had to do even more.

In November 2020, we launched Stop.Breathe.Think in response to the Covid-19 pandemic. Our unique mental health service offers free counselling sessions and support to any young person who would like to talk. With no wait times and a team of specialised counsellors, demand is growing rapidly.

However, it is clear that with investment the future growth of Stop.Breathe.Think could be significant, and the fit within existing Snow Camp structures is challenging for many reasons. We believe, by becoming Switch180, this enables Snow Camp and Stop.Breathe.Think to grow side by side, complementing each other, but not with one as part of the other.

Snow Camp programme

Snow Camp work with youth projects and youth service providers in London, the North-West, the Midlands and Scotland to deliver an accredited journey of courses to vulnerable young people at indoor snow centres. Our courses are unique and attractive to young people, taking them from beginner to qualified snowsports instructors in one year with volunteering and apprenticeship progression routes available at the end. Alongside learning to ski or snowboard, young people also have access to life skills training and mental health support.

Stop.Breathe.Think programme

Stop Breathe Think is a free mental health service offering 1-1 counselling and support to young people across the UK. Our service is game changing. There are no wait times and young people are matched with counsellors who specialise in their needs. We're able to ensure that young people can get the right, targeted support they need now.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

OBJECTIVES AND ACTIVITIES

Significant activities

With the onset of the pandemic, our face-to-face youth work was put on hold, but the lockdown was rapidly having a negative impact on our young people. We could not close our doors.

Our story is one of inspiration, determination and above all a passion for delivering positive outcomes for young people. Switch180 has consistently adapted over the past 18 years, developing new programmes, adjusting to meet the needs of young people. 2020/21 has been a key moment in time where that determination needed to continue, to make a difference at a time that meant the world to so many.

The team kept working and we refocused. The mental health programmes we had previously developed became front and centre of our support. We rapidly scaled up, delivering many more workshops and providing support online. Requests for counselling also increased significantly as more young people reached out facing an avalanche of challenges. Young people in the UK were clearly facing a mental health crisis, exacerbated by COVID-19.

In November 2020, we launched a new ambitious mental health service called Stop.Breathe.Think. A service unlike any other, with the potential to meet a rapidly growing need: Ensuring there is someone to talk to for any young person who needs it.

We believe we have found a way to make a significant difference during the pandemic, and in the years to come when young people are recovering from the damage caused during this period. A lifeline that will change thousands of lives and save many others.

Snow Camp

During the pandemic Snow Camp were not able to head to the indoor slopes as usual and run our core programmes for young people. However, that has not stopped us! Making the decision to take all our services online before lockdown, we quickly adapted to the new circumstances and have been able to provide our young people with a fantastic level of support remotely.

We developed a new Covid-19 programme to support vulnerable young people, who were at severe risk of falling through the cracks during this period, remotely. We ran:

We also continued to engage new young people and youth clubs by running Headstart sessions, which provided young people with an introduction to Snow Camp and our programmes combined with a mental health workshop.

We're extremely proud to have delivered 62 virtual workshops and sessions throughout the lockdowns.

Stop.Breathe.Think

Transforming mental health support for young people, Stop.Breathe.Think was first developed pre-Covid, when inner-city communities were facing a different pandemic. At the time knife crime was at an all-time high and we were seeing more young people on our programmes being affected by this issue. We knew we had to do something to help, and it started by listening.

We ran a focus group with our London young people, and we learnt how important music was and how young people wanted help to control their emotions. We discussed drill music and the violent messaging it often uses; we knew that this genre of music had the attention of our target audience.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

OBJECTIVES AND ACTIVITIES

We believed that drill music could help us to educate young people about mindfulness and controlling emotions. So, working with NitoNB, one of the UK's most influential drill artists, we created the world's first mindfulness drill track. The track was written with support from our mental health counsellor Kevin Hempstead and the lyrics promoted mindfulness techniques. We wanted young people to Stop.Breathe.Think.

The track was launched in partnership with LinkUp TV, to ensure we reached the young people we needed to. The day the track launched the music video had 100K views in just one hour. We also put up a billboard and posters across London.

We had one clear objective, to encourage young people to sign up for mindfulness tutorials, which were created by our young people with support from Kevin or to request 1-1 counselling sessions. The campaign received national press coverage but more than that, it was actually talked about by our target audience and beyond. But most importantly is got young people the help they told us they wanted.

Since our launch in November 2020, 1,068 people have signed up for tutorials and 2,272 counselling sessions have been delivered (June 2021 figures) and this is just the beginning. Each month more and more young people are getting in touch asking for help. Stop.Breathe.Think has now become a vital mental health service for young people across the UK and it's continuing to evolve.

Through our partnership with JHD Counselling Services, we've recruited over 40 counsellors to our team and launched a 'mental wellbeing drop-in' service. Here young people who are struggling between their counselling sessions can chat with a counsellor at any time between 9am-9pm each day. We also partnered with SHOUT to offer 24/7 emergency text support.

Most common issues affecting young people:

(November 2020 - June 2021)

Staff and Young People Training and Development

Alongside developing Stop.Breathe.Think we provided vital mental health training to our programmes team and youth volunteers, who support our Programme Managers on our programmes. This training has enabled our team to work with our young people more effectively as well as supporting their own mental wellbeing. Our youth volunteers have the opportunity to work towards a full diploma in counselling, with volunteering and job opportunities available with Stop.Breathe.Think at the end.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

OBJECTIVES AND ACTIVITIES

Award Winning

We are pleased to have won the regional South East Apprenticeship Awards 2020 and were Highly Commended at the National Apprenticeship Awards 2020. This award means that we are one of the top 3 SME apprenticeship employers in the UK! We were also honoured to win the Innovative Use of Sport award at the Not A Red Card awards for our work supporting young people's mental health on our snowsports programmes. In May 2021, we were also delighted to win big at the PR Moments Awards and PRCA Dare Awards in the following categories: Culture media, sport & travel marketing communications campaign of the year; Not for profit campaign of the year; and the Innovation in public relations award.

Covid-19 Response

Over the last 18 years, Snow Camp has played a growing and significant role as a leading youth charity, using sport to engage hard to reach young people and making a positive difference to thousands of young lives. We knew our mental health work needed to achieve a similar level of impact, creating a service that can both complement and work in synergy with our ongoing programmes, and play a significant role in the support of young people and their mental health in this country.

Developing Stop.Breathe.Think over the last 6 months has been hugely rewarding. We did not want to close our doors to young people as a result of Covid, and this project has enabled the Snow Camp team, whilst our other programmes are on hold, to focus their collective energy on creating and rolling out a new service that has been able to play a positive role for young people in these challenging times. As a youth charity, this was incredibly important to us.

We're incredibly proud of the resilience and leadership our team has shown during this unprecedented time. For the first time in our history, we made a positive impact entirely remotely, with Switch180 becoming a critical support service for hundreds of young people across the UK.

Events

Golf Day

In September 2020, we ran our first charity Golf Day at Bush Hill Park Golf Club. It was also our one and only, in person, fundraising event of year. We were incredibly grateful to the teams, sponsors, volunteers and the Club staff for helping us make it happen! The event raised £15,000.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

STRATEGIC REPORT

Financial position

The year ended 30th June 2021 recorded net income over expenditure of £126,429. Total reserves, including designated capital, now stand at £1,120,003 (See reserves policy below). By comparison, the previous period ended 30th June 2020 recorded net expenditure over income of £251,747 increasing total reserves to £993,574.

Total income for the year ended 30th June 2021 amounted to £603,015 compared to £1,124,156 in the previous period. A breakdown of grants received is shown in Note 2 to the accounts.

Total expenditure for the year ended 30th June 2021 amounted to £482,509 compared to £882,874 in the previous period. In line with SORP (FRS102), expenditure is analysed into two main categories; charitable activities and raising funds for the charity with the 'charitable ratio' being calculated as 'charitable activities expenditure' as a fraction of 'total expenditure'.

Due to the pandemic our income and expenditure was significantly less than previous years therefore adjusting our charitable ratio. Snow Camp's face-to-face youth work was put on hold throughout the year, and we made a positive impact entirely remotely reducing our expenditure on charitable activities temporarily. The team kept working and upskilled in order to focus on the mental health programmes we had previously developed which became front and centre of our support.

In the year ended 30th June 2021 £356,994 of expenditure relates to charitable activities, and £125,515 to raising funds for the charity, a 'charitable ratio' of 74%. By comparison, in the year ended 30th June 2020, £702,750 related to charitable activities and £180,124 to raising funds for the charity. The charitable ratio for the previous year was 80%.

Reserves policy

Switch180 is committed to using its resources in pursuit of its charitable objectives. It is also committed to maintaining a level of reserves that is prudent to meeting ongoing liabilities, sufficient to ensure that all delivery commitments can be met and to protect the long-term future of operations. Switch180's Reserves Policy seeks to balance these priorities by aiming to hold a level of General Reserves based on the planned expenditure and for any uncertainties for the year.

Our net income over expenditure ended at £126,429. Total reserves now stand at £1,120,003. In recent years, we have reviewed our general reserves policy, with our auditor, in light of the many risks and insecurities charities were facing globally, as a result of the pandemic and nationally due to Brexit. At the time of publishing, we are still facing some challenges with some of our regular fundraising events unfortunately being cancelled and the impact of reduced donations from some corporate partners. The trustees have responded to this by maintaining our general reserves policy to a goal of 12 months, in order to increase the sustainability and growth of the charity going forward.

Looking ahead to 2021/22 we are in a more positive place and are budgeting for the full team salaries and office costs with a full programme schedule. Taking all this into account, we can reasonably assume expenditure requirements will be up to £1,175,000 enabling us to support more than 2,000 young people across our programmes.

The Trustees are pleased to acknowledge that current reserves satisfy our reserves policy and are sufficient to cover forthcoming commitments. The level of reserves will continue to be monitored quarterly at Trustees meetings, and appropriate action will be taken if reserves fall outside the desired range.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

STRATEGIC REPORT

Future plans

The Government's roadmap out of lockdown in Spring 2021 was a welcomed announcement which enabled us to plan for our own return to face-to-face youth work and events over the coming months. We are therefore incredibly excited to be able to safely run our snowsports programme First Tracks across the country during the school summer holidays. Here young people from London, Scotland, the North-West, and the Midlands will experience skiing or snowboarding for the first time at indoor snow centres over 2-days. They will also take part in life-skills sessions and work towards a Snowsport Scotland or England Snow Life Award.

The creation of a new National Youth Charity, with broader physical and mental health goals, under which both Snow Camp and Stop.Breathe.Think can separately exist and prosper will be our focus for 2021/22.

Over the last 18 years, Snow Camp has played a growing and significant role as a leading youth service, using sport to engage hard to reach young people and making a positive difference to thousands of young lives. We are now rapidly expanding Stop.Breathe.Think to achieve a similar level of impact and play a significant role in supporting young people and their mental health in this country.

Switch180 is fully committed to developing innovative programmes like Snow Camp, Stop.Beathe.Think and other initiatives in the future. We will always aim to deliver and grow services which turn young lives around.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Procedures have been established for recruiting and supporting trustees. When areas are identified for which additional trustees would be helpful, an open recruitment process is scheduled, utilising wide and inclusive search methods such as advertising and networking with other charities. In addition, Board members and the Director use their own networks to encourage suitable people to come forward. An induction and the provision of any required training ensures that new trustees are aware of their responsibilities and enables them to learn about Switch180 in a structured way so that from the start they understand the charity's objectives. All trustees identify their training needs annually and measures are taken as necessary to ensure that these needs are met.

Organisational structure

Switch180 (formerly Snow Camp) is a registered charity and a company limited by guarantee. It was incorporated on 13th October 2003 and registered as a charity (with the Charity Commission for England and Wales) on 4th December 2003.

Snow Camp was registered as a charity with the Office of the Scottish Charity Regulator (OSCR) on 6th August 2012, (Charity Number SC043344).

The charity was established under a Memorandum of Association, which describes the objects and powers of the charitable company; it is governed under its Articles of Association.

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Decision-making

The Board of Trustees meets at least three times each year to discuss and review planning, development, financial and administrative matters and more frequently as required. The quorum for decision-making of the board can be no less than three Trustees.

Management

While the Board of Trustees and Founding Director set company policy and strategy, day to day management of the organisation is delegated to the Senior Management Team: Founding Director, Dan Charlish, Operations Director, Lara Kinnear, Development Director, Rachel Cruz and Programme Director, Cormac Whelan who take overall responsibility for ensuring the effective management and forward planning of Switch180 in line with decisions of the board and the current business plan.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04929970 (England and Wales) SCO43344 (Scotland)

Registered Charity number England and Wales: 1101030

Registered office

306a Portland Road Hove East Sussex BN3 5LP

Trustees

D I Brown D A De Terville A E Grant Ms C Pearson Ms A C Stuart Taylor Ms J G Brown A Barrow (appointed 22/9/2020)

Auditors

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

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SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

HSBC 154 Clapham High Street Clapham London SW4 7UQ

Metro Bank One Southampton Row London WC1B 5HA

CHANGE OF NAME

The charitable company passed a special resolution on 11th November 2021 changing its name from Snow-Camp to Switch180.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Switch180 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 law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Chariot House Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 9

SWITCH180

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22[nd] February 2022 and signed on the board's behalf by:

A E Grant - Trustee

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITCH180

Opinion

We have audited the financial statements of Switch180 (the 'charitable company') for the year ended 30th June 2021 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).

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 accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to 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 cast 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 to 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 included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITCH180

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 and the Charities Accounts (Scotland) Regulations 2006 require 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.

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITCH180

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 error 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. We identified that the following laws and regulations are central to the charitable company:

We did not find any instances of non-compliance or breaches of the legislation framework applicable to the charitable company.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We identified that the following areas were of high risk:

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and Charities SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel when considered necessary. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of management bias by the directors that represented a risk of material misstatement due to fraud.

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.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITCH180

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 and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 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.

John Thacker FCA DChA (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton East Sussex BN2 9QA

Date: 8 March 2022

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SWITCH180

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH JUNE 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Charitable Activities
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
5
Charitable Activities
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
332,786
2,253
3
72,991
408,033
125,515
162,012
287,527
5,923
126,429
993,574
1,120,003		 Restricted
funds
£
194,982
-
-
-
194,982
-
194,982
194,982
-
-
-
-		 2021
Total
funds
£
527,768
2,253
3
72,991
603,015
125,515
356,994
482,509
5,923
126,429
993,574
1,120,003		 2020
Total
funds
£
973,651
139,053
74
11,378
1,124,156
180,124
702,750
882,874
10,465
251,747
741,827
993,574

The notes form part of these financial statements

Page 15

SWITCH180 (REGISTERED NUMBER: 04929970)

BALANCE SHEET 30TH JUNE 2021

Notes
CURRENT ASSETS
Debtors
11
Investments
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
24,440
77,409
1,095,167
1,197,016
(77,013)
1,120,003
1,120,003
1,120,003		 Restricted
funds
£
-
-
-
-
-
-
-
-		 2021
Total
funds
£
24,440
77,409
1,095,167
1,197,016
(77,013)
1,120,003
1,120,003
1,120,003
1,120,003
1,120,003		 2020
Total
funds
£
72,356
71,486
927,556
1,071,398
(77,824)
993,574
993,574
993,574
993,574
993,574

The financial statements were approved by the Board of Trustees and authorised for issue on 22[nd] February 2022 and were signed on its behalf by:

A E Grant - Trustee

The notes form part of these financial statements

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SWITCH180

CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2021
£
167,608
167,608
-
-
3
3
167,611
927,556
1,095,167		 2020
£
216,411
216,411
(71,486)
10,465
74
(60,947)
155,464
772,092
927,556

The notes form part of these financial statements

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NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH JUNE 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 126,429 251,747
Adjustments for:
Gain on investments (5,923) (10,465)
Interest received (3) (74)
Decrease in debtors 47,916 11,859
Decrease in creditors (811) (36,656)
Net cash provided by operations 167,608 216,411
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/7/20 Cash flow At 30/6/21
£ £ £
Net cash
Cash at bank 927,556 167,611 1,095,167
927,556 167,611 1,095,167
Liquid resources
Deposits included in cash - - -
Current asset investments 71,486 5,923 77,409
71,486 5,923 77,409
Total 999,042 173,534 1,172,576

The notes form part of these financial statements

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their 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 Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, including taking into account any potential impact of the Covid-19 pandemic, and on that basis the charity is considered to be a going concern.

Income

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

Grants

Grants are recognised on an accruals basis, accounted for in relation to the period that they relate. Where grants have been received for capital items, the total grant has been disclosed in the SOFA and depreciation, in accordance with the accounting policies, has been charged against that income over the estimated useful economic life of the asset.

Where grants are received during the year under review but relate to a later period the amount is deferred under Grants in Advance in the Balance Sheet.

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 directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The charity only capitalises assets costing in excess of £1,000.

Recognition and measurement

Fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investments

Investments are a form of basic financial instrument and comprise investments in quoted equity instruments which are initially recognised at their transaction value and are subsequently measured at their fair value as at the balance sheet date. Changes in fair value are recognised in the Statement of Financial Activities. Quoted stocks and shares are included in the Balance Sheet at the current market price quoted on a recognised stock exchange as at the reporting date.

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

1. ACCOUNTING POLICIES - continued

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees for expenditure on its objects or appropriated to reserves for internally designated purposes.

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 particular restricted purposes.

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

Pensions

The pension cost charge represents the contribution payable by the Charity to the employers' defined contribution pension scheme.

2. DONATIONS AND LEGACIES

Donations
Grants
Activities for generating fund
Donations received comprise:
Delancey
VF International
Knight Frank
BARSC
A J Bell Trust
Alix Partners
City and Guilds Foundation
Miscellaneous donations		 2021
£
48,858
435,299
43,611		 2020
£
115,603
658,029
200,019
973,651
2020
£
50,000
-
5,000
10,000
12,200
-
38,453
115,653
527,768
2021
£
-
5,000
-
-
-
8,541
12,000
23,317
48,858

Donations received comprise:

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Big Lottery Fund - Awards for All
MariaMarina Foundation
Sterry Family Foundation
Webster Charitable Trust
St James's Place Foundation
The Leathersellers' Company Charitable Trust
Mickel Foundation
Ski Safari
Gompels Healthcare Charitable Fund
Armada Trust
Underwood Trust
Ernest Kleinwort Charitable Trust
Other Grants
Mark Armitage Charitable Trust
The Childhood Trust
Will Houghton Foundation
John Lyon's Charity
BBC Children in Need
Norton Rose Fulbright
Myles Trust
Hugh Fraser Foundation
Young Londoners Fund
Anand & Sethi Family Trust
Paul Newlands Construction
I.G.Y Foundation
Kaluma Travel
Samworth Foundation
Ned's Fund
Haberdashers Benevolent Foundation
A J Bell Trust
Al Woodward - Court 53
PCC West Midlands
Dandia Trust
Aviva Community Foundation
Norton Foundation
TravelTrex
Andrew Stewart
Team Archie
A J Bell plc
Vintners' Company
National Lottery Reaching Communities
The Grocers' Charitable Company		 2021
£
9,610
121,000
-
7,500
15,000
1,000
-
-
26,947
-
20,000
7,500
33,345
525
-
-
44,100
35,028
-
3,000
3,000
27,900
-
-
50,000
-
-
-
-
-
-
-
4,000
-
-
-
-
-
-
5,000
16,596
4,248
435,299		 2020
£
-
137,000
3,000
15,000
-
5,000
2,000
40,000
102,330
1,250
20,000
-
3,545
500
1,250
7,500
38,300
31,163
10,000
3,000
-
28,800
1,500
2,000
50,000
2,000
30,000
6,000
5,100
5,000
200
10,000
3,000
15,000
3,800
500
3,270
10,000
61,021
-
-
-
658,029

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

2. DONATIONS AND LEGACIES - continued

Income received in the current year, but deferred until 2021/22:

Grants
Webster Trust
Ernest Kleinwort
Awards for All
Hugh Fraser Foundation
Proud Trust
Greater Sport
Trafford Youth Justice
Tower of London
National Lottery Reaching Communities
Dandia
Fundraising
Fee Income


3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fee income - SLA's
Charitable Activities


2021
£
15,000
-
-
-
1,485
2,250
1,980
-
-
-
32,201
4,955
57,871
2021
£
3
2021
£
2,253		 2020
£
-
7,500
9,610
3,000
300
16,596
2,000
25,100
2,850
66,956
2020
£
74
2020
£
139,053		 2020
£
-
7,500
9,610
3,000
300
16,596
2,000
25,100
2,850
66,956
2020
£
74

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

5. CHARITABLE ACTIVITIES COSTS

Charitable Activities
6.
SUPPORT COSTS
Charitable Activities		 Direct
Costs
£
20,955		 Support
costs (see
note 6)
Totals
£
£
336,039
356,994
Management
£
336,039

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditor's fee - audit services
Auditor's fee - non-audit services
Operating lease rentals		 2021
£
2,560
1,030
15,007		 2020
£
2,480
1,000
23,892

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th June 2021 nor for the year ended 30th June 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30th June 2021 nor for the year ended 30th June 2020.

9. STAFF COSTS

Salaries
Employer's National Insurance
Employer's pension contributions
The average monthly number of employees during the year was as follows:
Average		 2020
£
436,417
28,589
13,697

478,703
2021
15		 2019
£
437,700
33,918
13,221

484,839
2020
24

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

One employee received emoluments in excess of £60,000 in the band £60,001 to £70.000 (2020: No employees).

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

9. STAFF COSTS - continued

Key management personnel remuneration amounted to £70,615 (2020: £67,940).

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
775,043
Charitable activities
Charitable Activities
139,053
Investment income
74
Other income
11,378
Total
925,548
EXPENDITURE ON
Raising funds
180,124
Charitable activities
Charitable Activities
504,142
Total
684,266
Net gains on investments
10,465
NET INCOME
251,747
RECONCILIATION OF FUNDS
Total funds brought forward
741,827
TOTAL FUNDS CARRIED FORWARD
993,574		 Restricted
funds
£
198,608
-
-
-
198,608
-
198,608
198,608
-
-
-
-		 Total
funds
£
973,651
139,053
74
11,378
1,124,156
180,124
702,750
882,874
10,465
251,747
741,827
993,574

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
12.
CURRENT ASSET INVESTMENTS
Listed investments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Accruals and deferred income
14.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 2021
£
19,250
5,190
-
24,440
2021
£
77,409		 2020
£
65,687
5,010
1,659
72,356
2020
£
71,486
2020
£
5,841
1,607
70,376
77,824
2020
£
14,948
8,256
23,204
2021
£
11,947
3,775
61,291
77,013
2021
£
14,461
11,340
25,801

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Covid Recovery reserve to restart
programmes
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Awards for All
Webster Charitable Trust
Miscellaneous donations and bursaries
John Lyon's Charity
BBC Children in Need
Myles Trust
MariaMarina Foundation
Young Londoners Fund
National Lottery Reaching Communities
The Grocers' Charitable Company
TOTAL FUNDS		 follows:
Incoming
resources
£
408,033
9,610
7,500
26,000
44,100
35,028
3,000
21,000
27,900
16,596
4,248
194,982
603,015		 At 1/7/20
£
893,574
100,000
993,574
993,574
Resources
expended
£
(287,527)
(9,610)
(7,500)
(26,000)
(44,100)
(35,028)
(3,000)
(21,000)
(27,900)
(16,596)
(4,248)
(194,982)
(482,509)		 Net
movement
At
in funds
30/6/21
£
£
126,429
1,020,003
-
100,000
126,429
1,120,003
126,429
1,120,003
Gains and
Movement
losses
in funds
£
£
5,923
126,429
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,923
126,429

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Covid Recovery reserve to restart
programmes
TOTAL FUNDS		 At 1/7/19
£
741,827
-
741,827
741,827		 Net
movement
in funds
£
251,747
-
251,747
251,747		 Transfers
between
funds
£
(100,000)
100,000
-
-		 At
30/6/20
£
893,574
100,000
993,574
993,574

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

Unrestricted funds
General fund
Restricted funds
Ski Safari
John Lyon's Charity
BBC Children in Need
Other Grants
MariaMarina Foundation
Young Londoners Fund
PCC West Midlands
Dandia Trust
Aviva Community Foundation
Norton Foundation
TOTAL FUNDS		 Incoming
resources
£
925,548
40,000
38,300
31,163
1,545
27,000
28,800
10,000
3,000
15,000
3,800
198,608
1,124,156		 Resources
expended
£
(684,266)
(40,000)
(38,300)
(31,163)
(1,545)
(27,000)
(28,800)
(10,000)
(3,000)
(15,000)
(3,800)
(198,608)
(882,874)		 Gains and
losses
£
10,465
-
-
-
-
-
-
-
-
-
-
-
10,465		 Movement
in funds
£
251,747
-
-
-
-
-
-
-
-
-
-
-
251,747

Awards for All

Snow Camp Scotland

Webster Charitable Trust

Snow Camp Scotland

John Lyon's Charity

Snow Camp London

continued...

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021

15. MOVEMENT IN FUNDS - continued

BBC Children in Need

Snow Camp London

Myles Trust

Snow Camp Uplift

MariaMarina Foundation

Snow Camp National Programmes

Young Londoners Fund

Snow Camp London

National Lottery Reaching Communities

Snow Camp Midlands

The Grocers' Charitable Company

Snow Camp London

Ski Safari

Snow Camp London

PCC West Midlands

Snow Camp Midlands

Dandia Trust

Snow Camp Bursary Fund

Aviva Community Foundation

Snow Camp National Programmes

Norton Foundation

Snow Camp Scotland

16. RELATED PARTY DISCLOSURES

Ian Brown, a Trustee is a director of Snowcentres Limited, which has a subsidiary, Hemel Snowcentres Limited, of which he is also a director. Snowcamp has rented facilities from Hemel Snowcentres Limited during the year at a cost of £25,640 (2019: £14,800).

Page 28