REGISTERED COMPANY UMBER: IH929970 (England and Wale51 REGISTERED CHARITY NUMBER: England 8Dd Wales: 1101030, ScotlAnd: SC043144 REPORT OF THE TRUSTEES AI¥D FINAPICIAL STATEMENTS FOR THE YEAR ENDED 30TH JUI¥E 2022 FOR SWITCH180 A COMPANY LIMITED BY GUARANTEE Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grdnd Parade Brighton BN2 9QA
SWITCH18¢1 CONTENTS OF THE FINANCIAL STATEMEPITS FOR THE YEAR Ef4DED 30TH JLNE 2022 Page Report of the Trustees l io 10 Rert of the Independtnt Auditor5 11 to 14 Statement ol Finan£ial Aetivities 15 BalaDce Sheet 16 Cash Flow Ststement 17 Notes to the Cash Flow Statement Notes to the Financial Ststements 19 to 29 Detailed Statement of Financial Aetivitie5 30 to 31
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 The trustees who are also directors of the charity for the purposes of the CompaE]ies Act 2006. present their report wTrth the financial statements of the charity for the year ended 30th June2022. The trustees have adopted the provisions of Accounting and Reporting bv Chariiies.. Sraiement of RecomTnended Practice applicable to chaiities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). Public Benefit Switch180 is a national youth charity providin life changing services to young people. Our overall mission is io young lives around through physical and mental health support. To athieve this, we njn iwo services called Snow Camp and Stop.Breathe.Think. Our programmes supwrt young people in the UK'S most disadvantaged areas. We believe ihat every young r$On in ihe UK should have access to positive oppornjnities and support. We help those who are 21 and younger io gain the skills and tools they need io live positive and healthy lives. For full and up to dale infomiaiion on how Switch180 delivers benefit and the range of prograrnme5 and events being delivered by the Charity. please s¢e www.sWltchl 80.org.uk and our Anntsal Report. In shaping our objectives and planning our activiiies for the year, the Trust¢cs have given con5ideratÈoi] to the duties sei out in section 17 {5) of the Charities Act 2011 io have due reJo rd io public benefit and to the Charity Commission Guidance on PLtblic benefit. In particular. the Trustees have considered how the planned activities will contribute to the overall aiTns and objectives that they have seL The Trustees believe that the following pardgraphs, specifically on the -Objc(tiVe5 and Activities" and "Achievements and Perfortnance" for the year, relate in detsil the benefit thai the chartry Fffovides to the publEc.
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 OWECTIVES AND ACTIVITIES Objectives and 3ims Our Aim To tum young lives around through delivering inno111¥e setvices fusing on tlhysieal and mental health support. Our Obj¢£tives PROVIDE spaces for young people to prooress and be heard. ENGAGE young people thiough YoUth-"endlY accessible progrdmmes. CONNECT young people with our support ne0 10 provide emotTonal and Practical help. TEACH young people the skills they need io live happy and healthy lives. ACHIEVE long-lasting posiiivc change. Our Progr2mmes We stsrted working with young people through our programme Snow Camp in 2IM>3. At the t1C our Founder. Dan Charlish, was workinu a5 a youth W0er on an eswe in Sto¢kwell_ He overheard his group 5ayin& whilst playing a snowboarding X-BOX game, thai this was the closest they were ever ooÈno to get to snow5POrts. A snowb(wder himself, Dan realised that 5nowsports could be the tnechanism to bring aix)ut P05ltive social change for his young people. The shift from tnner-city estate io the mounthin environment W&8 so extreme, that in itself created a response in young pcople, widening their horizons and rdising their asptration5. In 2007. Snow Camp evolved from residential trips abroad inw a UK based trdining progrdrnme taking place at indoor snow centres across the country. Now younts people head io the mountains once a }¢ar as part of their instructor training. In 2018, 8i /0 of Snow Camp's young people said that they would benefit fr(TrTn greater support with iheir mental health and emotional well-being. As a result, menial health support through wgeied workshops. mindfulness irall)ing, l..1 counselling and group ¢OUDselling sessions became key components of the coutses. The mentsl health asped of our work grew rapidly during the pand¢mic. and we knew we had to do even more. In November 20?0. we launched Siop.Breathe.Think in response io the Covid-19 pandeTnic. Our uniqu¢ Tnental health service offers free counselling sessions and support io anj young person who would like io thlk. Wilh no wait times and a ieam of specialised counsellors, demand is growing rapidly. As a youth Charity hear¢ Covid changed everything and ce¢d an opportunity for u5 to help more young people - we reacted in the best way we Could and here we are. We needed a 5trucwr¢ that would enable b(Trth Snow Camp and Stop.Bre8the.Think to exist independently. In January 2022. SH'itchl 80 was born, a Dational youth charit> with broader goals to support young people's phJ's%cal and mental health_ Snow Camp programme Snow Camp work with J'outh projects and youth servi¢e provkders in London, the NoTth-West, the Nlidlands and Scotland io deliver an accredÈted journey of ¢ourse5 to vulnerable j'oung pe¢)ple at indoor snow centre5. Our courses are unique and attractive to young people. taking thetn from beginner to qualified snow5POrts inslrnctors one vear with volunteering and apprenticeship progression routes available ai the end. Alongside learning io ski or snowboat& young people a150 haye access to life skills trainin. and mental health support. Stop.Bre8the.Think programme Stop.Breaihe.Think is a free mentsl health service offering l-l counselling and supExTrrt to young people across the UK. Our service is game chanuing. There are no M'alt times and young people are matched with courtsellors who specialise in their needs. We're able to ensure that young people Can gei the righ( targei¢d sUPPOrt they need now.
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 OWECTIVES AND ACTIVITIES Significant activities It has been another extraordinary year. At the start of this accounting perirf back in July 2021, w'e rnade a big decision for our charity. Many different factors combined io lead us lo this ke). mornent. Firstly, the impact of the CoYid-19 pandemic throughout the previous year had mvdnt we could not deliv¢r Snow Camp as normal, forcing us to think innovaiively at1 how we could continue to suprrt)rt young people vimally durÈllu thi5 challenging time. As we reported last year, in reswnse io ihe siluleS M'e saw our voung people facing. our team re-focustd and we launched Stop.Breaihe.Think - a w)ique mental health service which offered free online ¢ounselling sessions and support to any Joung person who nttded to talk. With no wait tirnes and a team of specialised counsellois ready to go. demand grew rapidly. Fast forward to Jul). 2021. Restrictions were nom. lifting. and e were all deli£hted io be able (o run Snow Camp onc£ again: our summer courses were filling up with young people. and the team were full). focused on delivering the programme at snow Centres across the ¢OLmiry. Snow Camp was backl But now what for Stop.Breathe.Think? At this point the Service was growing by 10-2/ each month by word of mouth alone. and clearlj. providing life-saving support to thc hundreds of )'oun" people reaching oui for help 1th anxiety, angel, depression, suioidal thoughts or StnJ1ing with self-ham]. abuse ond bereavement issue5. Of course. in reality the decision was easy. We had to try to do both. After all. we are a youth chariiy at hea¢ and whilst we could never have foreseen the running of a national mental health programme a few years back. Covid changed everything and created an opw)rniniry for us to help more young people- we reacted in the best way we could and here we are. Havin(T made the decision, we then needed a strnctttre that would enable IK>th Snow Camp and Stop.Breathe.Think to exist independently. In Januory. 7022, Switch180 was tx)rn. a nailonal )'outh charity with bn)ader goals to support yountr pcople's physical and menral health. This ensured the &lTne pas5ionaie and committed team could run Snow Camp. our newer, but equally passionate team could run Stop.Breaihe.ThinL and a few. of us could now support both. Snow Carnp Our itnpact in numbers= 814 young people learni how to ski or snowboard 277 life 5ki11s sessions were delivered 1,233 qualifications were achieved 24 Tnental health workshops look place 105 younts people experienced the mountains for the rst time 2,223 youth volunteer hours completed 55 youih organisattons referred youn people to Snow Camp Snow Camp returned to the slopes in July 2021 with a new cohort of eager }'oung people alongside those excited to finÈsh their training following a 2 jear wait due io Covid. We were delighted to fully get back to doing what we do be5t= providing life changing support to young people at indoor Snow ccntres across the UK. First Tracks 2-day courses tunTJing throughout the sch1 summer holidays. 814 young people learnt how to ski or snowtx)ard: took part in life 5ki115 5e55ions focusing on independence. resFrfyn5ibiltty. confidence and self-esteem. Th¢y a150 gained a Snowsport England.IScotland Snow Life Aw'ard. Page 3
SWITCH180 REP RT OF THE TRUSTEES R THE YEAR ENDED 30TH JUNE 2022 OWECTIVES AND AcfiviTIES Graduate 6 weekends of further development and learning for 244 young people throughout October and November. Yowjg people gained an ASDAN ccrtilieate in Health and Fithess. Group classroom sessions held beforc ca¢h 51ope lesson extK)sed young people to the wider world of skiino and sno&8rdlng. w'ith talks each M'eek from those involved across the ski industry from seasonaire5, snowsports media, tour operdtors and athlete5. Menial health WOTk5hop5 and life skills sessions were a significant part of the course, &% to complete it young people require mMitttL dedication and focus - Ihis was all positively discussed during the 5105. Excel Fiom February to May, 133 young people trained to t*come qualified ski or srtowboarding illstructors in just 10 week5 by panictpating in the Snowsport Enoland'scotland trainin prowme. Young people continued to thke part in mental health workshops and life skills 5e55ions alongside thi5 trairting. Towards the end of the COUT5e 105 young people spent a week in the lialian mollntains, shadowtng insmittots and gatning Yaiuable tnountain experience. Our largest residential trip in 15 yearsl For many thi5 15 their first t1¢ abroa¢ broadeninu their horizons on a personal. as well as on an educational level. This weeklono residential provided real life experience for young people enabling theln to recognise that they can start a career in the snowsport5 industyy and bevond. li gave them an InCred sense of confidence in their own skiing or snowboarding technique. along with a deeper knowledge of the coaching process readJ for their flnal assessment days when they return to the UK. li was no mean feat organising a residential on this scale in the currenl clitnate, huge well done 10 OUT Staff team. Yolltb Forum 2,223 youth volunteer hours were completed bJ" Snow Camp Youth Fornm Tnembers from across our 4 reuions London. Midlands. North West and Scotland. An J youn¥ rsOn ¢ompleting the Excel programme can join the Youth Forum and volunteer OD Snow CaTnp programmes, suprtIn(w and inspiring new. young people on their journe}. with the charity. They a150 represented Snow Catnp at the National Sn(Trw Show in Birmingham, attend¢d regular meet ups in theÈr regions and took part in wellbein¥ workshops along with access to one lo one counsellino support. Wellbeing Manager5 This year we iniroduced mental health Wellbeing Managers to the Snow Calnp staff team. We were already facing a mental health crisis before Covid struck. Even before the fjrst national ItKkdown was announced mental health support was something we ivere already offering our young people. Thanks to the incredible generosity of our supporter5. we have been able to support hundred5 of young people with their mental health over the Jears. However, the pandetnic cread a whole new level of anxiety. dq>re5sion. and grief. We knew we had to do even more to support our young people on and off the slo. We made the decision 10 introduce Wellbeing Managers in each region this }'ear. Oui Wellbeing Mana. ers attended every day of the Snow. Camp courses. As qualified counsellor5, they ate the best people to pn)vide reassurance, support and prdctical advice w help our young people. Stop.Breathe.Think Our iTnpact in numbers.. 8.349 counsellin¥ sessions delivered 1.444 young people supported in iotal 85 organisations iefetred young people to us Page 4
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED30TH JUNE 2022 OBJECTIVES AND AcfivJTIES Launched in 2020 at the height of the pandemit, the aitn of the service was to proide a rapid response to Support young people's metltal health during a challengtng ttme. Although the most acute period of the pandemic has passed. we did not expect the psychological strain on young people's mental health to ease as the long-tern] effects now begin to be felt. Our servi¢e is playing a vital role and thal is why we need to work w'ith more soung people who are struggling and are at 115k of falling through the cracks. We have built a platform from which 'e can expand the service, to play a 5ignificatJt Tole in the support of young people and iheir menthl healih across ihe counwj.. We know the m(Mlel u'orks, and with support, we can transforn] and Scale up this lifeline into a hugely impact1 natÉonai service which will change live5 and save tnany othetS. In January ?022, we launched Stop.Bieathe.Think'5 brdnd-new website and referrdl 5y5teTn. Within jusi one month we saw the nutnbei of young people acces5ino the Service double. With. on aVere 170 new refetrdls each month from across the UK with a high percentage of young people reaching out to us from the North Wes¢ South Wesl Midlands and London. Sadly, the three most commoT] issues affecting our young people are anxicty {26fy/o of young people). suicidal choughis (11.50/0) and self-harm (IlP/.). Growing a passionate team A big service requires a big team. We worked with JHD Counselling Setvices to recruit a team of 60 counsellor5 to Stop.Breathe.Think. JHD manage the recrnitmenL supervision of counsellors and safeguarding and it is through our wonderful partnership thai we have en able io grow the service so quickly. To deliver a service of this size we also needed to grow our adminisiration and mana(Femeni team. To de we have a Head of Stop.Breathe.Think. a Safeguarding Lead, a Counsellor Manauei and 2 adminÈstrator5 all in post. Increasing our income to match demand aRd growth One of the bi£gest challenges w'e have faced this }'ear is increasing our income to match the owth of the service. Fortunately. w'e have a w'onderful group of major donor5 who are PS1Oat¢ alK>Ut the Service. Our goal for the next year is io diversify Siop.Breathe.Think's income stream to match growth and demand by bringing in a rdnge of new corporate, trusts, foundations and individuals into our community of supwrters. Futtherniore, we are already W01ng with local authorities: charities, schools and universities as refetral parmers which in turn will introduc£ a new revenue Siream support the service. Stop.Breathe.Tbillk x AJ Beu PartDer5bip At the start of the year AJ Bell. the Salford-b&sed investment plarfonn, made a £60.0 donation to support Stop.Breathe.Think. The aitn of our partnership was to rdise awareness of the service amon t youn(% people in ihe North West. Through our partnership we created brdnded content for social tnedia and hosied an evening of mental wellbeing aciiviiies to mark Mental Health Awareness Week ai ihe Hideout Youth Zone. Manchester. 256 yollng people from the North Wesi hav¢ cessed our 5ervi¢e thanks w AJ Bell s generovs support so far. Events Much of the ndraising that would take place in a typical year has been more challenging in the last year due to Covid. but there was no way that going to stop our incredible supporters. From skt challenges to runners and hikers to orchestra evenings. this is how people acros5 the countsy hel1 to fundTai5e in the last year. Thank you all so much. AJ Bell Crans Montana Maratho Against all the odds, we were delighied to be able to brints back our annual snowsp)rts fundraising event in February ?022. After a 2-year hiaths. the event was back in the moun]n$ and better than ever, with a new narne and in a new locatiOTE. And it was 13 3dventurou5 tearns that Tnade all the difference at the AJ Bell Crans-montana Mardtholl, they rdised an incredible £50.1X)O io support our work with young people! Thank y(Tru. Pag¢ 5
SWITCH180 REPORT F THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 0EcTIVEs AND ACTIVITIES Aravtrs Golf Day It was fantastic to be back Bush Hill Park for our annual charity Arnvis Golf Day. 13 tean)s enjoyed a wonderful day of golf in the sunshine while raisin(r £14.IM)O for the charity. Thank >'ou. The atrnosphere M'as so positive, and it aS wondcrful to bring our sllpporters back together onc¢ again. cOngral*l0n$ io the Bush Belles for taking hoEne the Gregor Michie Memorial Trophy. Orehestra Evening In FebTuary, Swiichl 80 was honoured to the charity partner for London Phoenix Orchestra's "A Night At The Movies" concert at London's Cadogan Hall_ This t)Te of eveni was a fwst for Switch180 and especially so for our Joung people who joined us from our programme Snow Carnp. The eveni raised valuable funds and awatene5s of our work. Thank you to all involved. STRATEGIC REPORT FiTh#ncial position The year enO¢d 30th Jllne 2022 recorded net expenditure over income of £20,406. comprising a surplus on eharitable activittes of £31 l. and a deficit on invesunent valuation of £20.717. Total Teserves. including designated capital. now stsnd ai £1,099,597 (See reserves policy b¢low). By comparison. the previous period ended 30th June 2021 recorded net ll)CL)me oveT expenditure of £126,429, comprising a surplus on charitable aciivities of £120.506 and a 5Utplus on inve5ttnent valuation of £5.923, increasing total reserves io £1.120.1M)3. Total income for the year ended 30th June 2022 amounted to £1.3 14,760 compared to £603.015 in the previous period. A breakdown of grants received is shown in Note 2 to the accounts. Toial eXpendire for the year ended 30th Julle 2022 amounted to £1,314,449 compared to £482,509 in the previous period. In line with SORP IFRS102), expendin¢ i5 analysed into main categories- charitable activiiies and rdising funds for th¢ charity wEth the 'charirable ratio. beinu calculated as'charitabl¢ activtties expenditure, as a fraction of 'toral expendire.. In the year ended ioth June 2022 £1,107,301 of expenditure relates to charitable activities, and £207,148 to raising funds for the chaiily, a charitable r&tio' of 84 /0. B) comparisoD, in the )ear ended Joth June 2021, £356.994 relaled to charivdble artivities and £125.515 to raisin- funds for ihe charity. Th¢ charitable rdtio for the previous year was 740/0. Page 6
SWITCH180 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 30TFI JUNE 2022 STRATEGIC REPORT Financial review Reserves policy Switch180 is committed to using its resources 111 pi]rsuit of its charitable objectives. It is also committed to ¥naintaining a level of reserves that is prudent to meeting ongoing liabilities, 5uifici¢nt to ensure that all delivery commitments can be met and to protect the long-tettn future of operations. Swiich180's Reserves Policy sccks to balanc¢ these priorities by aiming to hold a level of General Re5erve5 based on the planned expenditure and for any uncenainties for the year. Our net expenditure over income ended * £20.406. Total reserves now stand at £1.099,597. In receni years, we have reviewed our oeneral reserves policy in light of the many risks and insecurities Chariiies were facing globally, as a result of the pandemic and likelihood of a recession and cost of living crisis. At the time of publishing, we are still facin4J some hallenges with some of our regular fundraising eVts and the impati of reduced donlOn$. The rrusiees have responded to this by maintainin(p our genernl reseTYes policy to a goal of 9 months. in order to ensure the susthinability and gro% of the charily going forward. Looking ahead to 2022ll3 we are budgetin¢y for the 11 team salaries and office costs with a full programme Schedule. TakÈng all this into ac¢ounL we can reasonablv assume eXpendire r¢quir¢ments will be up to £1.500.000 enabling us to SUPPOrt more than 2200 young people across our prowmes. The Trnstees are pleased to acknowledge that current reserves satisfy our reserves rA)licy and are sufficieni to cover forthcoming comTllitmenls. The level of reserves will coniinue to be rnonitored quarterly at Trustees meeiings. and appropriate adion will be iaken if reserves fall outside ihe desired range. Future plans In sumtnary, we are gra[eI to have emerged from the pandemic stronger and more ready to tackle the increasing challen(Tes that so many )'oung people are facing i(Mlay. We can only 5a). this thanks to the huge effort, dedication and deleTmination of our ama2ing stsff ieam and our fantastic comrnunity of supwkrters. It has been an unbelievable feiv years in 50 many ways. but w'¢ are excited io look forward now_ We will always aim to deliver programmes which turn young lives around: we started nvarl), 20 years ago with Snow Carnp and we remain just as passionate and motivated about delivering this tsoal today. We've recently been taking mea5ure5 to build the future sustsinability of Stop_Breathe.Think and reduce the risk of unmanaged spikes in demand or costs. When we launched, the service grew fast and was available to everyone. We were able to help thousands of young people at a time when the}. reall) needed us. Now the goal is to ake sure we are htre for Ihe long temi, becoming financially sustainable and tattIn0 the service more carefully al 5UPtKwting the young people that need us most whilst maintainino the no watt tiTne5. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeumeDt The charity ts controlled by its oovernints doeumeni. a deed of tNsL and conslituies a limiied company. limiied by guarantee, as defined by the Companies Act 2006. Recruitment and appoiDtmeDt of Dew tru5tee5 Procedures have been established for re¢ruitin(¥ and supwting te¢s. When areas are identified for which additional tsi]stees would be helpful, an open recruiimeni process is hedUled. utilising M'ide and inclusive sewch methods such as advertisinu and netwotking with other chariiies. In a(klition. Board members aE]d the Dire¢ior use their own netWoS 10 encourage suitable people io come forward. An tnduction and the provision of an) required trdining ensures thai new Irusiees are aw'are of the re5tx)nsibilities and enable5 them to learn about Switch180 in a structured way so that from the start they understand the chartty 5 objeciives. All tsijsiees ideniify" their training needs annually and measures are takeTt a5 ne£ess3ry to ensure that these needs are met. Page 7
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH Juf4E 2022 STRucfuRE, GOVERNAf4CE AND MAf4ACEMENT Organisation41 structure Switch180 Ifomierly Snow Camp) is a regIsred charity and a company limited by guarn)iee. li was incorporated on 13th Ociober 2(K)3 and registered as a charity (with the Charity Commission for England and Wa]es) on 4th December 2003. Snow Camp was regisiered as a charity with the Ol¢e of the Scott]sh Charity RegulatOT (OSCR) on 6th August 2012, (Charity Numb¢r SC(M3344). The ¢hority wa5 established under a Memorandurn of Association, which describes the objects and werS of the charitable Company,. it is governed llnder its Articles of AssiKiation. De¢i5ion-making The Board of "I'rustees meets at least three times each ear to discuss and review plannino developtnent, financial and administrative matters and more frequently as required. The quornm for decision-mak jn(T of the board can be no l¢ss than three Trustees. M#Nagement While the Board of Trustees and Founding Director sei company polie). and strdtegy, day to day management of the organisation is delegated to ihe Senior Management Team.. Founding Direcior. Dan Charlish, Operdtions Director, La Kinnear. Development Director, Rachel Cruz and Progrdm¥ne Director. Corn1 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 Af4D ADMINISTRATIVE DETAILS Registered Company number 04929970 (England and Wales) Registered Charity llUber 1101030 Rtgi5tered office 306a Portland Road Hove East Sussex BN3 iLP Trustees D l Brown D A De Terville A E Grant Ms C Pearson M5 A C Stuart Taylor M5 J G Brown A Barrow Auditors Charioi House Limited Chartered Accountants aThd Statutory Auditor 44 Grand Parade BrightorÈ BN2 9QA Page 8
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 REFERENCE AND ADMINISTRATIVE DETAIIS Scottish Charity Registrdtio The charity is also registered as a charity in Scotlan(L number SC(M3344. Bankers HSBC 154 Clapham High Street Clapham London SW4 7UQ Metro Bank One Souiharnpton Row London WCIB SHA STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustee5 (who are also the directors of Swiich180 for the purrKbses of companv law) are responsible for preparinu the Report of the Trustees and the financial sthtements in accordance with applicable law and United Kingdotn Arcountirtg Standards (United Kingdom Generally Accepted A¢cowiting Practice). Company law require5 the trust¢es to prepare financial 5taternents for each flnancial year which give a true and fair view of the state of affairs of the charitable company and of the incominu resources and application of resources, includino the income and expendirnre, of the charitsble co]npany for peri. In preparing those financial ststemcnts, the tTUStees are required to select suitable accouniing p)licies and then apply th¢m consistently. observe the methods and principles in the Chariry SORP.. tnake judtsements and estimaies ihat are reasonable and pdeTrt. prepare the fancial statements on the (poing concem basis Unl it is inappropriate to presume (hai the charitable cornpany will continue in business. The trustees are responsible for keeping proper accounting records which dI[05e with reasonable accuracy at any time the financial position of the charirable company and to enable them to ensure that the financial staiements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of th¢ charitable COpanY and hence for taking reasonable steps for the prevention ond detection of fraud and other irregularitie5. In so far as the trusiees are aware.. there is no relevant audit informalion of which the charitknle comykny's audiiots are unaware. and the trusiees have taken all steps that they ouoht to have taken to rnake themselves aware of any relevant alldit information and to establish that the auditors are aware 01th inforniation. AUDITORS The auditors, Chariot House Limite¢ will be prOSed for re-app)innnent at the forthcoming Annual General Meetino Page 9
SWITCH180 REPORT OF THE TRUSTEES FOR THE YEAR ENDED TH JUNE 2022 Rep rtof e trustees, incoTP)rating a strategic rewrL approved by order of the board of trustee5. as the company dire£tors. l4.TrJ..... and signed on the IM)ard's behalf bv: A E Grant- "I rust Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITCH180 Opinion We have audited the financial s(aiements of Switchl 80 (th¢ charitsbl¢ company,) for the year cndcd 30th Jun¢ 2022 which comprise the Statement of Financial Activities, the Bolance SheeL the Cash Flow SraTrmeni and notes to the financial statemenis, including a summary of sigt]ificant accountino rA)licies. The fmancial rew)rting frdmework that has been applied in their preparation is applicable law and United Kinudom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢tice). In our opinion th¢ financial statements.. give a true and fair view of the sthte of ihe charithble company's affairs as * 30th June 2022 and of its incoming resource5 and application of resources, tncluding tts income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kinodoln Generall). Accepted Accounting Practicc: and have been prepared in accordance with the requirements of the Companies Act 2(N)6. the CharÈties and Trustee Investrnent (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2(. Basis for opinion We condurted our audit in accordance with Iniernational Stsndards on Audiiing {UKI (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the AuditOTS' responsibilities for the audit of the financial statements section of our rewrt. We are independent of the charitable cornpany in accordance with the ethical requirements thai are relevant to our audit of the fmancial statema]ts tn the UL including the FRC'S Ethical Stsndard. 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 b&¥Ès for our opinion. Conclusions relatiThg to going CODcern In auditing th¢ financial stat¢m¢nty w¢ havc concludcd th¢ tru5t¢CS' Us¢ of thc going concern basis of accounting in the preparation of the financial statements 15 appropriate_ Based on the work we have performe4 we have not Èdentified any tnaterial uncertaintie5 relating to events or conditions that, individually or collectivelj., tnay cast siJ(r ificant doubt on the charitable CoMpanS ability to continue as a going concem for a period of at least twelve Tnonth5 froln when the fmancial staternents are authorised for issue. Our responsibilities and the responsibilities of the tteeS with resrKct lo going concern are d¢5cribed in the relevant sections of this rewrt. Other infonnation The trnstee$ 2re responsible for the other information. The other inforniation comprises the inforniation included in the Annual Report, other than the fmancial 5taternents and our Report of the Indeper]dent Auditors thereon. Our opinion on the financial ststements does noi cover the other inforniation and. except EO the extent othenvise expliciily stated in our report, we do not express any forn] of assurdnce conclu5É0n thereon. In connection with our audit of the financial statem¢nts, our re5wn5ibility is to read the other inforniation and. in doing so, consider whether the other inforn]ation is materially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears to be materiall) tnLSStated. If we identify. suth material inconsisiencies or apparent material misstatements, we are required to detemiine whether this tsives rise to a matertal misststement in the financial statements thetn5elves. If. based on the work we have performed. we conclude that there is a m*erial missthtement of this other inforniation. we are required to repl tha( facL We have nothing io repon in this regard. OpiNion5 On other matters preseribed by the Companies Aet 2(M)6 In our oplon. based on the work undertaken in the course of ihe audit.. the infomation given in the Rewn of the TNsiees for the fmancia] year for which the financial statements are prepared is consistent H'ith the financial statements. and the Report of the TTUStees ha5 been prepared in accordance with applicable legal requirernents. Page 11
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBE SWITCH180 OF Matters on which we #re required to report by eJ¢eptlOD In the light of the knowledge and understanding of the charitsble company and its environment obtsined in th¢ course of the audiL we have noi identified material rni551atements in the Report of the Tn. We have nothing to report in respect of the following mauers where the Companies Act 2006 and the Chartties Accounts (Scotlandl Act 2006 require us to report to j'ou if. in our opinion= adequate accounting records hav¢ noi been kept or remrns ad¢quaie for our audit have not been receivcd from branches not visited by us. or the financial statements are noi in agreerneni with the accounting records and returns: or certain disclosures of tru5tees' remunerdtion specified bv law are not made- or we have not received all the information and explanations we require for our audit. Responsibilities oftrustets As explained more fully in the Ststement of TnJstees' Re5ponsibilitie5, the trusiees (who are also Ihe direcwrs of the Charitable company for the purpose5 of company law) are reswnsible for the prtpardiion of the fmancial 5tatetnents and for being satisfied that they give a true and fair view. and for such internal control as the trusttts detennine 15 necessary to enable the preparation of (anCial siatements lh* are free from merIal misstsiemeDL whether due lo fraud or em)r. ID preparing th¢ fmancial statements, the trustees are responsible for assessing the oharitsble company's ability to continue as a going concern. disclosin as applicable, matters related to going concern and using the going concem basis of accounting unless the ttustees either intend to liquidate the charitable company or to ceas¢ 0ratiOnS, or have no realistic alternative bui to do so. Page 12
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF SWITCH180 Our responsibilities for the audit ofthe fInaclaI stslements Our gbjective5 aTe to obtain reasonable assurance about whether the fantial staternents as a whole are free from material Tnisstatement, whether due ro fraud or em)r. and io issue a Report of the Independeni Auditors that includes our opinion. Reasonable assurance is a high leyel of &ssuran¢e. but l5 not a ouatante£ that an audit c4)nducted in accordance with ISA5 (UK) will always detect a material missraiement who) li exists. Mis5(atements arise fro fraud or error and ate on5ideTed material if, individuallv or in the etsaIe. thev could iea50nably be excted to influence the econotnic decisions of users taken on the b&%is of these financial statements. The extent to wljich our procedures are capable of detecting irreglliarities. in¢ludÉng fraud is detsiled below: We gained an und¢rstanding of the legal and regul&ory framewoTk applicable to the clJ3rttsble coPanY and the industy i which it operates, and ¢onsidered the risk of by the charitable company that were contrary to applicable law5 and r¢guiations, including fraud. We identified the following laws and regulations are central io the charitable company.. Companies Act 2006 Charities Act 2011 Charities SORP 2019 aulation5 Health & safety re. Charities and Tru5tee5 Inve5tmenl (Scotland) Act 21KI5 We did not find any in51ances of non-compliance or breaches of the legislation framework applicable to the charitable cotnpany. We designed audit procedure5 to respond to the ri5L recognising that the risk of Dot detecting a material rnisstatement due to fraud 15 hioher than the rtsk of not detecting one reslllting from error, as fraud may involve deliberate concealment by, for exatytple, forgery or intentiona] mi5representstions, or through collusion. We identified that the followin(p area5 were of hiJo risk-. Completeness of incoTne. We performed variou5 audit tests to ensure income w&8 not matertally understaied in the financial statelnents. Mana(Tement override of controls. We F£rfornied various audit tests to cnsure there w&8 no material management override of controls We focussed on laws and regulations which could gtve rise lo a malerial misstatement an the financial statements, including. but not limited to, the Companies Act 2006: UK tax legisl10n. Chariiies Act 2011. Charities and Trustee Inve5ttnent (Scotland) Act 2005 and Chartties SORP 2019_ Our tests tncluded agreeing the financial statement disclosures to underlying supporting docutnentation. enqutrie5 rnanagelnellt and enquities of legal counsel when considered necessary. There are inherent limitations in the audit procedures descrtbed alK)ve and. the fullher removed non4ompliance with laws and regulations is from the events and transa¢rions reflecied in the financial sthtements, the less likely we would become awar¢ of ii. We did not ideniif), any key audit matters relating io irregularities, including fraud. As in all our audits, we also addressed the risk of management override of iniemal controls, includtnti testing journals and eyaluating whether there was ¢vid¢n¢¢ of managem¢nt bi by the dir¢ctors that repr¢%nt¢d a risk of Material rntS5taternent due to fraud. A further description of our responsibilities for the audit of the financial statements is locaied on the Financial Reporting Council's website at www.frc.org.uWauditorsre4)onSLbilities. This description fornis part of our Report of the Independent Auditors. Page 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SWITC11180 Use of our report This report is made solely to the charitable company's member5: as a ty. in accordance with Charner 3 of Part 16 of the Compani¢s Aci 2006. and to the charitable company's trustees as a bod) in acu)rdance with Regulation l O of th¢ Charities Act (kotland} Regulations 2(M)6. Our audit work h35 been undertaken so that we might slate to the chariiable company's members those matt¢rs we are required to state to them in an auditor5, repon and for no other putwse. To the fullest extent pem)itted by law, we do not accepi or assume [m)nsibl]llY to an}.e other than the charitable company and the eharitable company's members as a b¢)dy, for our audii work, for this repor¢ OF for the Iyinions we have fom)ed. 1114LJ John Thacker FCA DChA {Senior Staiulory Auditor) for and on behalf of Chariot House Limited Charter¢d Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA i) Page 14
SWITCH180 STA TEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 30TH JUNE 2022 2022 Total funds 2021 Total funds Unrestricted funds Restricied funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 595.497 537.752 1,133,249 527.768 Charitable activities Charitabl¢ Activities 158,552 158.552 2.253 Investment income Other income 1,508 21.451 1,508 21,451 Total 777.008 537 752 1314.760 603.015 EXPENDITURE ON Raising funds 207.148 207.148 125,515 Charitable activitie5 Charirable Activiiies 569,549 537,752 .107.iOI 356,994 Total 776,697 537,752 1314449 482.509 Net gain{[055eS) on inve5tn]ents 20.717 20.717) 5.923 NET INCOMEI(EXPENDITURE) (20.406) (20.4061 126,429 RECONCILIATION OF FUNDS Total funds broughi fon¥ard 1,120,003 1.120.003 993,574 TOTAL FUNDS CARRIED FORWARD 1,099.597 1,099,597 1,120,003 The notes forni part of these financial 5tateTnents Pdge 15
SWITCH180 REGISTERED NUMBER: 04929970 BALANCE SHEET 30TH JUNE 2022 2022 Total funds 2021 Total funds Unrestricted funds Restricied funds Notes CURRENT ASSETS Debiors Investments Cash at bank 25,187 58,149 1.170,247 25.187 58,149 1 170.247 24,440 77.409 1,095,167 12 1.253.583 1,253,583 1,197.016 CREDITORS Amounts falling due within one yeaT 13 (153.986) (153,986) (77.013) NET CURREf4T ASSETS 1.099.597 1.099,597 1,120.003 TOT AL ASSETS LESS CURRENT LIABILITIES -099,597 1.099.597 1.120.003 NET ASSETS 1.099.i97 1.099,597 1 120003 FVNDS Unrestricted funds 15 1,120,003 TOTAL FUNDS 1.099.597 1.120,003 The financial statements were approved by the Board of Tr*tee5 and authorised for issue on . and were s ned on lis behalf by.. AEGrant- rllstee The note5 F( part of these ftnancial stsiements Page 16
SWITCH180 CASH FLOW STATE.MENT FOR THE YEAR ENDED 30TH JUNE 2022 2022 2021 Notes Cash Ilows from operating activities Cash generated from operdtions 75.071 167,608 Net cash proyided by opeing aciiviiies 167.608 Casb flows from investing xetivities Interest received Net cash provided by invesring acttvities Change in cash and ea5b equivalents in tbe reporting period Cash and eagh equivalents at the begitttting of the reportRng period 75.080 167,61 1,095,167 927.556 Cash and cash equiyalents at Ébe end of the reporting period 1,170,247 1.095.167 The noies f(Th part of these financial Statements
SWITCH180 NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH Juf4E 2022 RECONCILIATION OF NET (EXPENDITUREy114COME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 2021 Net (expenditureyiD¢ome for the reportjll2 period (45 per the Ststement of Fffinancial ActivÉties) AdjustThents for: L055tsl(gain} on investments Interesi received (In¢reaseVdecrease in debtors Increa5eildecrease) in creditor5 (20,406) 126.429 19,260 {9) (747) 76.973 (5,923) 47,916 Net eash provided by operations 75.071 167.608 ANALYSIS OF CHANGES IN NET FUNDS At In121 Cash flow Ai J016122 Net cash Cash ai bank 1.095.167 1.170,247 1095 167 75.080 1,170,247 Liquid resources Deposits included in c&%h Cutteni assei investments 77.409 19.260 58,149 Total 1,172.576 55.820 1228.396 The notes forni part of th¢s¢ financial 5tatetnents Page 18
SWITCH180 NOTES TO THE FINAf4CIAL STATEMENTS FOR THE YEAR ELYDED 30TH JUNE 2022 ACCOUNTING POLICIES Basis of preparing tbe fillxDcial statements The financial sraiemenis of the charttsble cornpany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOIIP {FRS 102) 'Accouniing and Rcporting by Chariii¢5.' Statement of Recommended Prnctice applicable to charities prewin" their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeaiye l January 2019)., Financial Reporting Standard 102 'The Financial Rewning Sthndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hisrorical cost convention. At the time of approving the financsal suements, the trustees have a reasonable expectation that the chaTity has adequate resources to continue in operdtional existence for the foreseeable fUre, including taking into account any coniinuing potential iEnpact of the Covid-19 pandemic. and on that basis the charity is considered to be a going concern. Income All income is recow)ised in the Statelnent of Fit]ancial Activitte5 once the charity has entitlernent to the funds. il is probable that the income will be received and the alnount can be measured reliably. Grants Grants are reCO.ls¢d on an accrn815 basis, accounted for in relation io ihe peri(Kl that they relate. Where grants have betn received for capiial ilems, the total nI has been di5c105ed in the SOFA and depreciaiion, in accordance with thc a¢counting policies. be¢n charued against th* in¢oTne over the estimated use1 economi¢ life of the asset. Where wts are received during the year under review but relate to a later pert(yJ the arnount ]% defetTed under Granrs in Advance in the Balance Sheet. ExpeDditurt Liabilitie5 are recognised as expenditsjre &8 soon as therc is a letsal or constructiv¢ obligation committing the charity io that expenditure. it is probable that a transfer of economic nefits will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accntals basis and has b¢en classified under heading5 that aggreoate all ¢051 relatcd to the category. Iwjere costs cannot be directly attributed to panicular headings. they have been allocated to activities on a basis consistent with the use of resources. Investments Investments are a fomi of basic financial instrument and comprise investments in quoted equity instruTnents which are initially recogni5td at their transaction value and are subsequently tnea5ured at their fair value as at the balallce sheet date_ Changes in fair value are r¢cogni5ed in the StstemeDt of Financial Activities. Quoied stocks and shares are included in the Balance Sheet at th¢ Currenl matket price quoted on a reco]sed stock exchange as at the reporting date. Taxation The Charity is considered to the tests set out in Parwaph I Schedule 6 Finance Act 2010 and therefore it Eneets the definitton of a charitsble company for UK COntiOn Tax purposes. Accordingly. Ihe Charity. is potentially exempi frotn taxaiion in reslxct of income or eapiial gains received M'ithin cat¢gories covered by Chapter 3 Part I I Cotporation Act 2010 or Se¢rion 256 of the TaXlon of Chargeable Gains Act 1992. to the exient that su¢h income or gains are applied exclusively lo charitsble purpose5. Page 19 Continued...
SWITCH18 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2022 ACCOUNTING POLICIES- CODtiDued Fund aecounting Unresiricied funds can be used in accordance with the charitable objectives at the dIretIOn of the trnstees. Unresiricted funds are those where there are no externally imwsed resthctions and are available for use at the discreiion of the Trusiees for expenditute on its objects or appropriated to reserves for iniernally designaied pujyoses. Restricted funds can only be used for particular restricted pUrls¢S withill the objects of the charity. Restrictions arise when specified by lh¢ donor when fitnds aTe rai5d for Paliculat restricted putp)ses. Further explanation of the nature and purpose of each fund is included in the notes to the financial stalements. Pensions The pension cost charge represents the contribution payable by the Charity to the employers, defined contribution pension scheme. DONATIONS AND LEGACIES 2022 2021 Donations Grants Activities for generating fuTKI 184.112 791.075 158,062 48,858 435,299 43,61 1.13i,249 527,768 Donations received comprise.. 2022 2021 Goldtnan Sachs VF International Knight Frank AJ Bell Twst Alix Partners City and Guilds Foundation Miscellaneous donations including Gift Aid 10.O(MJ 5.000 5.000 95,(MM) 8.541 12.0( Page 20 C4)ntinued_..
SWITCHI80 NOTES TO THE FIf4Af4CIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2022 DONATIONS AND LEGACIES- Contined Grants re1Ved, included in the alM)ve, are &% follows= 2022 2021 Big Lottery Fund- A'ardS rot All Mariamarina Foundation Sterry Famil). Foundation Webster Charitable Tntst St James's Place Foundatio The Leathersellers, Company Charitable Tn Gompels Htalih¢#re Charitsble Fund Unden¥ood Trnsi Leicesier City Council Ernest Kleinwort Charitable Trust Other Grdnts Mark Arniitage Charitable Tnjst John Lyon'5 Charity BBC Children in Need Norton Rose Fulbright Myles Trust Huoh Fraser Foundation Young Londoners Fund l.G.Y Foundation Ned'5 Fund Dandia Trust Vintners. Company National Lottery Reaching Communities The Grocers, Charitable Company Goldman Sachs Mercers Charitable Foundation Hedley Foundation Skinner5' Company 9.610 121.000 l(KJ,(M)O 4,000 15,000 15.000 1,750 250,000 25,0(K) 2,250 7,lJOO 43.500 7.500 15,000 1,000 26,947 20,000 7.500 33,345 525 44.100 35,028 35,0(Ml i5,202 10,O(M) 3,000 4,500 200,000 7,123 27,9(M) 50.000 4.000 5.000 16,596 4.248 9.950 10,(H)o 5,000 2,800 8.000 791,075 435,299 Income received in ihe current year. but deferred until 202?J23: 2022 2021 Grants Webster Trust Leicestershire County Council Letcester Ciry in ihe Community Nick Powell Proud Trust Greater Spon Trafford Yi)uth Justice Dandta Trusi Kaluma Travel 15.IMM) 15.000 3.000 15.01)0 1,485 2,250 1,980 2.0(rf) 2.000 Page21 continued...
SWITCHI80 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2022 DONATIONS AND LEGACIES- continued FuDdraising Fee lThcome 27.953 32,201 INVESTMENT INCOME 2022 2021 Dividends Deposit account interest 1,499 INCOME FROM CHARITABLE ACTIVITIES 2022 2021 Activity Charitabl¢ Activities Fee income- SLA'S 158.552 2,253 CHARITABLE ACTIVITIES COSTS Support C(Tr5ts (see note 6) Direct Costs Totals Charitable Activitie5 705.229 402 072 1 107.301 SUPPORT COSTS Management Charitablc Activities 402,072 Page 22 continued...
SWITCHI80 NOTES TO THE FINANCIAL STATEMENTS- contÉDued FOR THE YEAR ENDED 30TH JUNE 2022 NET JNCOMEI(EXPENDITURE) N¢t incom&lexpenditure) is stated after chargingl(crediting)'. 2022 2021 Auditor's fee- audit services Auditor's fee- non-audit services Operating lease rentals 3.400 l.l(M) 23.807 2.560 1.030 15.007 TRUSTEES, REMUNERATION AND BENEFITS There were no truseS. remuneration or other benefits for the year ended 30th Jun¢ 2022 nor for the year ended 30th June 2021. Trustees, ex$¢5 There were no tru%tees' expenses paid for the year ended 30th June 2022 nor for the year ended 30th June 2021. STAFF COSTS 2022 2021 Salaries Employer's National Insurance Employer's pension contribution5 342,135 29,012 436,417 28.589 13.697 478.703 384 920 The average rnonthly numberof employees during ihe year was as follows: 2022 12 2021 Average The number of empk>ytts whose eEnployee neFIts (excluding employer pension costs) exceed¢d £60,000 was= 2022 2021 £60.001- £70,000 Key management personnel remuneration aMOled to £73,154 (2021.. £67.940). Page 23 continued...
SWITCH180 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2022 io. COMPARATIVES FOR THE STATEMENT OF FI]4A]4CIAL ACTIVITIES Unrestricted fiEnds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 332.786 194,982 527.768 Charitable activitie5 Charitable Activities 2.253 2,253 Investment income Other income 72.991 72.991 Total 408.033 194.982 603,015 EXPENDITURE ON Raising ndS 125.515 125,515 Charitablt aetivities Charitable Activities 162012 194.982 356,994 Tothl 287.527 194982 482,509 Net gains on investments 5,923 5,923 NET INCOME 126.429 126,429 RECONCILIATION OF FLNDS Total funds brought fonyard 993,574 993,574 T(yfAL FUNDS CARRIED FORWARD 1.120.003 1.120.OOi Pxge 24 continued...
SWITCH180 NOTES TO THE FINAIYCIAL STATEMENTS- contillued FOR THE YEAR ENDED 30TH JUNE 2022 DEBTORS: AMOUNTS FALLING DUE WJTHIN ONE YEAR 2022 2021 Trade debtors Other debtors Prepayments and accnled incorne 6,389 5,860 12,938 19,250 5.190 24.440 12. CURRENT ASSET INVESTMENTS 2022 2021 Listed investments 58.149 77.409 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Social securiry and other taxes Other creditors Accruals and deferred income 8,118 6,292 91.083 11.947 3,775 61291 153,986 77.013 14. LEASIIYG AGREEMENTS Minimum lease paJThents under non-cancellable £ting leases fall due as follows.. 2022 2021 Within one year Between one and five years 26,072 14.461 11.340 25,801 Page 25 continue(L..
SWITCH180 NOTES TO THE FINAPICIAL STATEMENTS-eolltillutd FOR THE YEAR ENDED 30TH Juf4E 2022 15. MOVEMENT IN FUNDS Net movement in ndS At 3016122 Ai 117121 Unre51ricled funds General fund 1.120.IM)i (20,406) ,099.597 TOTAL FUNDS 1,120.003 20,406) 1099,597 Net movement an funds, included in the aFx)ve are as follow Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds G¢neral fund 777,(M)8 (776.697) (20,717) (20,406} Restricted funds Webster Charitable TTUSt Gompels Healthcare Charitable Fund Miscellaneous donations aEJd buTsarr¢s Leicester City Council John Lyon's Chaiily BBC Children in Need Norton Rose Fulbright Youno Londoners Fund Hedley Foundation l.G.Y. Foundation Skinners, Company 15.0(K> 250.(KIO 25.000 2250 35.( i)202 10,IMMI 4.5(M) 2.81X> 150.(MKI (15.0} (250,0) (25.000) (2 ?50) (35.000) (35,2(Y2) (10.o(K)) (4.5(*J} (2.81KI) (150,(MY)) 537,752 537.752) TOTAL FUJYDS 1314.7( 1.314.449) 20.406) Page 26 continued...
SWITCH180 NOTES TO THE FINANCIAL STATEMENTS-eontinued FOR THE YEAR ELYDED 30TH JiJNE 2022 15. MOVEMEiYf IN FUNDS- continued Comparatives for movtmeDt in Net overnent in funds At 3016121 At Inr20 Unrestrieted funds General fund Covid R0very reserve to restart proJo ammes 893,574 126.429 1,020,003 100.000 993.574 126.429 1.120,003 T(YfAL FUNDS 993.574 126,429 1,120,003 Comparative net rnovement in funds included in the aFK*ve are as follows.. Incoming resources Resources expend&l Gains and losses Movemeni in funds Unre51ri¢ted fund5 G¢n¢ral fund 408.033 (287.527) 5.923 126,429 Restricted funds Awards for All Webster Charitable Trnst Miscellanetsus donations and bur5arie5 John Lyon's Charity BBC Children in Need Myles Trust Mariamarina Foundation Young Londoners Fund National Lottery Reaching Cornmunities The Grocers. Charitable Cotnpany 9.610 7.500 26.0 44.1(M) 35.028 3.(M)O 21.(KM) 27.91M) 16.596 4248 (9,610) (7.500) (26.000) (44.1(M)) (35.0281 (3.0(K)) (21.(M)O) (27,900) 116.596) 4.248 194.982 194.982} TOTAL FUNDS 603.015 482.509) 5,923 126429 Webster Charitable Tntst Snow Camp Scoiland Gompels Healtheare Charitable FuTrd Switchl 80 Progralnrnes Ikice5ter City CouTheil Snow Camp Midlands Page 27 continued...
SWITCH180 NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 30TH JUNE 2022 15. MOVEMENT IN FUNDS- Continued John Lyon's Charity Snow Camp London BBC Children in Need Snow Comp knndon Norton RO Fulbright Snow Camp LoTkdott Young Londoners Futtd Snow Camp London Hedley FouDdatio Snow Camp London l.G.Y. Found8tion Swiich180 Ptogrdmmes Skinners, Company Snow Camp LA)ndon Awards for All Snow Camp Scotland Myle$ Trust Snow Camp Upllft Mariamarina Follndatio Snow Camp National Progrdmmes National Lottery Reaebing Commu1(at$ Snow Camp Midlands The Grocer5, Charitsble Company Snow Camp London Page 28 ¢Onlinu¢d...
SWITCH180 NOTES TO THE FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 30TH JUNE 2022 16. RELATED PARTY DISCLOSURES lan Brown, a Trustee is a director of Snowcentres Ltmitrf which has a subsidiary, Hemel Snowcentre5 LI7t¢d and Traffordcity Snowcentre Limite4 of which he 15 also a director. Snowcamp has rented facilities frotn Ilern¢l Snowcentres LiTnited, and its associated comwiies, during the year at a cost of £49,994 (2021.. £25.640). One Tntstee made an unrestricted donation of £ll)O. Page 29
SWITCH180 DETAILED STATEMENT OF FINA.YCIAL ACTIVITIES FOR THE YEAR ENDED 3 TH JUNE 2022 2022 2021 INCOME AND ENDOWMENTS Donations and legaeie5 Donations Granis Aciivities for generating fimd 184.112 791,075 48.858 435,299 1.133,249 527.768 Investment iMeome Dividends Deposit account inleresi 1.499 1,508 Charitable activities Fee income- SLA'S 158,552 2,253 Other income Furlough grant 21,451 72,991 Total incoming resollrees ,314,760 603,015 EXPENDITURE Raising donations and legacies Rai5inu funds Broke15 fees 207.106 42 125.515 207.148 125.515 Charitable activities RecTstrail0n costs Accommodation Transport Hire Travel & sub51Stence R¢cruittnenr & training Health & safety costs Ski equipmeDVstordge Ski lessons and passes Programme materials Carried fonvard 13.393 2,318 32,772 31,655 8,048 568 2,701 106,008 8.595 206,058 1,046 (63.080} 132 5,(I90 158 168 805 (54,563) This page does Dot forffl part of the statOry financial statefftents Pag¢ 30
SWITCH180 DETAILED STATEMENT OF FJNAf4CIAL AcfiviTIES FOR THE YEAR ENDED 30TH JUNE 2022 2022 2021 Charitable activities Brought forward Other direct ¢051s Overseas Opportunities Movie costs Counselling 206,058 122.333 3,416 250 373.172 (54,563) 3,934 4,426 705.229 20,955 Support costs Management Office costs Staff Costs Professional fees 78.044 307,994 16,034 33.949 287,921 14,169 402 072 336,039 Toial resources expend¢d 1.314.449 482.509 Net income before gaiDS losses 120.506 Unrealised reeognised gain5 and losses Unrealised gaIn{losSes) on fLxed asset investments 20.717) 5,923 Net (expenditure)fincome 20.406) 126,429 This we does not forrn part of the Statory financial statements Page31