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||||Page|
|---|---|---|---|
|Reference and administrative
details ofthe charity,||its Trustees and advisers||
|Letters from|the Chair and the CEO|||
|Trustees'
report|||3-12|
|Independent|auditor's
report on the financial statements||13-16|
|Consolidated|statement offinancial activities||17|
|Consolidated|balance sheet||18|
|Charity balance sheet|||19|
|Consolidated|statement ofcash flows||20|
|Charity statement
ofcash flows|||21|
|Notes to the|financial statements||22-41|
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|[school] Pathways
to Professions||||||||
|---|---|---|---|---|---|---|---|
|Secondary
(Clothworkers
Foundation)||||||||
|[school] Pathways
to Professions
Primary
and Secondary
(Marsh
McLennan)|[local borough]
Lewisham
BME
Network
(Lewisham
Council)|||||||
|[school) Pathways
to Professions
and||||||||
|Life skills 6w Form (Bardays)||||||||
||||||Connecting|People and||
|[school] Building
Indusive
Futures: At|||||Places|||
|Risk (Ardea Partners)|[pan-London]
Love, Sex,||Life|LSL||||
||partnership
Project|||||||
|[school] Building
Inclusive
Futures:|(Lambeth,
Southwark,|and Lewisham||||||
|Creative and Entrepreneurial
Pathways|councils via lead project||partner|||||
|(TK Maxx Home sense Foundation)|Brook)|||||||
||Partners:
Naz, Shape History,|||and||||
|[higher education]
Deloitte x Blueprint for|Brook|||||||
|All Bursary Programme||||||||
|[higher education/early
careers] Building||||||||
|Futures and architecture
bursaries||||||||
||Community
Leadership|Academy||||||
|[early careers] ¹bemoreindusive
Diverse|(Google via Tides- UK|||||||
|Recruitment
partnership
programme|Standard
Life Aberdeen|Charitable||||||
|with urban|Foundation-
pan London||w/ LSLand||Architecture|Advisory|Board|
||Croydon focus|||||||
|[early careers] Financial
and Creative|Garfield Weston Foundation-|||London||||
|Pathways
(AMEX)|The City Bridget Trust-|London)||||||
|[early careers] Entrepreneurial
Pathways||||||||
|(The PFAC)||||||||
|[early careers] Pathways
to Employment||||||||
|(Mercers)||||||||
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##
||||R~t'
t d
~d|~U"|Rd
d
funds|Toad
funds|To/a/
funds|
|---|---|---|---|---|---|---|---|
||||2022||2022|2022|2021|
|||5gte|6||F|E|8|
|Income from:||||||||
|Donations
and legacies|||619,345|1,928,855||2,548,200|5j877,424|
|Charitable
activities:||||||||
|Rent and room hire income|||||111,352|111,352|112433|
|Speakers' fees|||||500|500||
|Other charitabkt|activities||||||7,515|
|Other trading
activities|||||51,750|51,750|29,300|
|Investments||||||968|1,124|
|Other income|||||52,085|52,085|35,476|
|Total Income|||619,345|2,145,510||2,764,855|8,063,272|
|Expenditure
on:||||||||
|Raising funds||9|||480,507|480,507|664,083|
|Charitable
activities:||10||||||
|Direct Charitable|Costs||605,445||407,477|1,012,922|482,060|
|Centre Depreciation|||49,606||14,364|63,970|34,000|
|Other expenditure|||||54,257|54,257||
|Total expenditure|||655,051||956,605|1,611,656|1,180,143|
|Net (expenditure)/income|||(35,706)|1,188,905||1,153,199|4,883,129|
|Transfers
between|funds|20|20,200||(20,200)|||
|Net movement
In|funds||(15,506)|1,168,705||1,153,199|4,883,129|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward||1,724,747|5,576,337||7,301,084|2,417,955|
|Net movement
in funds|||(15,506)|1,168,705||1,153,199|4,883,129|
|Total funds carried forward|||1,709,241|6,745,042||8,454,283|7,301,084|
##
|CONSOLIDATED|BALANCE SHEET||||||
|---|---|---|---|---|---|---|
|AS AT 31 MARCH|2022||||||
|||||2022||2021|
|||Note||5||5|
|Fixed assets|||||||
|Tangible assets||18||1,875,553||1,894,240|
|||||1,875,553||1,894,240|
|Current assets|||||||
|Debtors||16|231,423||214,332||
|Cash at bank and in hand|||6,482,978||5,313,940||
||||6,714,401||5,528,272||
|Creditors: amounts|falling due within one||||||
|year||17|(135,671)||(121,428)||
|Net current assets||||6,578,730||5,406,844|
|Total assets less current liabilities||||8,454,283||7,301,084|
|Total net assets||||8,454,283||7,301,084|
|Charity funds|||||||
|Restricted funds||20||1,709,241||1,724,747|
|Unrestricted
funds||20||6,745,042||5,576,337|
|Total funds||||8,454,283||7,301,084|
##
##
||||ate||2022
6||2021f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||18||1,875,553||1,894,240|
|Investments|||19||1|||
||||||1,875,554||1,894,240|
|Current assets||||||||
|Debtors|||16|263,029||181,984||
|Cash at bank and|in hand|||6,448,302||5,313,939||
|||||6,711,331||5,495,923||
|Creditors: amounts|falling due within one|||||||
|year|||17|(132,602)||(106,079)||
|Net current assets|||||6,578,729||5,389,844|
|Total assets less|current liabilities||||8,454,283||7,284,084|
|Net assets excluding||pension asset|||8,454,283||7,284,084|
|Total net assets|||||8,454,283||7,284,084|
|Charity funds||||||||
|Restricted funds|||20||1,709,241||1,724,747|
|Unrestricted
funds|||20||6,745,042||5,559,337|
|Total funds|||||8,454,283||7,284,084|
##
##
##
|FOR THE|YEAR ENDED 3|1 MARCH 2|022|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||6|5|
|Cash flows from operating||activities||||||
|Net cash|used
in operating|activities||||1,203,132|4,789,785|
|Cash flows from investing||activities||||||
|Dividends,|interests
and rents from investments|||||968|1,124|
|Purchase|oftangible
fixed assets|||||(35,060)|(46,875)|
|Net cash|used in investing|activities||||(34,092)|(45,751)|
|Cash flows from financing||activities||||||
|Net cash|provided
by financing
activities|||||||
|Change
in cash and cash||equivalents|in|the year||1,169,040|4,744,034|
|Cash and|cash equivalents|at the beginning||ofthe year||5,313,939|569,905|
|Cash and|cash equivalents|at the end|of|the year||6,482,979|5,313,939|
|The notes|on pages 22 to 41 form part ofthese financial||||statements|||
##
##
|FOR TH|E YEAR ENDED 3|1 MARCH 20|22||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F||
|Cash flows from operating||activities|||||
|Net cash|used
in operating|activities|||1,168,456|4,789,785|
|Cash flows from investing||activities|||||
|Proceeds|from the sale of intangible
assets||||968|1,124|
|Purchase|of intangible assets||||(35,060)|(46,875)|
|Net cash|used
in investing|activities|||(34,092)|(45,751)|
|Cash flows from financing||activities|||||
|Net cash|provided
by financing
activities||||||
|Change|in cash and cash|equivalents|in|the year|1,134,364|4,744,034|
|Cash and|cash equivalents|at the beginning||ofthe year|5,313,939|569,905|
|Cash and cash equivalents||at the end|of|the year|6,448,303|5,313,939|
##
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##
||Restricted|Unrestricted|Total|
|---|---|---|---|
||~fnds|~fun s|funds|
||2022|2022|~222|
||E|E|E|
|Donations||1,928,855|1,928,855|
|Grants|619,345||619,345|
||619,345|1,928,855|2,548,200|
||Restricted|Unrestncted|Total|
||funds|funds|funds|
||2021
E|2021
f|2021f|
|Donations||5,425,098|5,425,098|
|Grants|452,326||452,326|
||452,326|5,425,098|5,877,424|
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2II22|2021|
||||E|E|E|
|Rent|and room|hire|111,352|111,352|112,432|
|Other|charitable|activities|500|500|7,516|
|Total|2022||111,852|111,852|119,948|
##
##
##
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022f|2021f|
|51,750|51,750|29,300|
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022f|2022f|2021f|
|968||1,124|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022
F|2022f|
|Sundry|income||52,085|52,085|
|||Restncted|Unrestricted|Tote/|
|||funds|funds|funds|
|||2021
f|2021|2021f|
|Sundry|Income|25,346|10,130|35,476|
##
##
##
##
##
|||||~Utah&|Total|Total|
|---|---|---|---|---|---|---|
|||||fggdss|funds|funds|
|||||29k2f|gOOg
6|2021|
|Direct fundraising||||44,043||53,079|
|Wages and salaries||||197,188|197,188|129,499|
|Social security||||19,595|19,595|12,868|
|Pension||||3,538|3,538|2,323|
|Allocated centrally
costs|incurred|fundraising|and governance|198,400|198,400|454,013|
|||||462,764|462,764|651,782|
##
|||||~ota|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2922
E|2021f|
|Trading expenses|||14,118|14,118|2,700|
|Trading staff costs|||||7,609|
|Administration
expenses|||3,625|3,625|1,992|
||||17,743|17,743|12,301|
|Reconclgatio ofexpenditure||on raising funds tothe SOFA||||
|||||f022|2021f|
|Costs of raising voluntary|income (see above)|||462,764|651,782|
|Other trading expenses (see||above)||17,743|12,301|
|Raising funds per SOFA||||480,507|664,083|
##
##
##
##
|||||||Restricted|ggreZtrLtted|T~ota|
|---|---|---|---|---|---|---|---|---|
|||||||~nd|funds|funds|
|||||||gg22|2022|f022|
||||||||E|E|
|Education,|Equality,|Diversity|and|Social|Cohesion|655,051|421,841|1,076,892|
|||||||Restricted|Unrestricted|Total|
|||||||funds|funds|funds|
|||||||2021
f|2021|2021|
|Education,|Equality,|Diversity|and|Social|Cohesion|336,938|179,122|516,OSO|
##
|||||~Tote|
|---|---|---|---|---|
||||~n||
|||f022|2022|2022|
||||E|F|
|Direct Charitable|Costs per SOFA|605,445|407,477|1,012,922|
|Centre Depreciation||49,606|14,364|63,970|
|Total per Note 10||655,051|421,841|1,076,892|
|||Restlfcled|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||||E|
|Direct Charitable Costs per SOFA||302,938|179,122|482,060|
|Centre Depreciation||34,000||34,000|
|Total per Note 10||336,938|179,122|51S,OSO|
##
##
##
##
||~Ure|' ted
tgc|Total|Total|
|---|---|---|---|---|
|||fgnnls|4rrd|funds|
|||2022
E|f022f|2021
E|
|Other expenses||13,545|13,545||
|Wages and salaries - non-charitable||38,038|38,038||
|Nl - non-charitable||2,112|2,112||
|Pension costs -non-charitable||562|562||
|||54,257|54,257||
##
||||||ttgiivities|||
|---|---|---|---|---|---|---|---|
||||||undertaken|~Su|~ota|
||||||direiy|costs|~rrds|
||||||2022
E|2022
f|f022
E|
|Direct costs - Education,|||Equality,|Diversity and Social||||
|Cohesion|||||566,728|510,164|1,076,892|
||||||Act/vfties|||
||||||undertaken|Support|Total|
||||||directly|costs|funds|
||||||2021f|2021
f|2021
E|
|Education,|Equality,|Diversity and||Social Cohesion|204,568|311,492|516,060|
##
##
##
|||||||||||~Tots|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||funds|funds|
|||||||||||f022|2021|
|||||||||||6|6|
||Staff costs|||||||||221,196||
||Depreciation|||||||||5,945|10,156|
||Office and general|||costs||||||145,138|22S,963|
||Premise costs|||||||||29,376|20,103|
||Staffing costs||(non-payroll)|||||||108,507|54,270|
|||||||||||510,164|311,492|
|13.|Auditor's
remuneration|||||||||||
||||||||||||2021|
||Fees payable|to the||charity's|auditor|for the audit ofthe charity's|||annual|||
||accounts|||||||||8,500|8,100|
||Fees payable|to the||charity's|auditor|in|respect of:|||||
||Fees payable|to the||charity's|auditor|in|respect ofthe preparation||ofthe|||
||financial statements|||ofthe charity's||subsidiaries||||1,260|1,200|
||Fees payable|to the||charity's|auditor|in|respect ofthe auditing|of|accounts|||
||ofthe charity's||subsidiaries|||||||1,740||
||Consolidagon|and audit ofconsolidated|||||financial statements|||3,500||
|14.|Staffcosts|||||||||||
||||||||Group
im22
E||Group
2021|Charity
29'
6|Charity
2021
6|
||Wages and salaries||||||739,107||568,792|739,107|561,979|
||Social security||costs||||71,777||13,570|71,777|12,8S8|
||Conbibution
to||defined conbibution|||pension||||||
||schemes||||||13,140||2,417|13,140|2323|
||||||||824,024||584,779|824,024|577,170|
##
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||)4o.|No.|)4o.|No.|
|Staff excluding|directors|20|15|20|15|
|Directors||7|7|7|7|
|||27|22|27|22|
##
##
|||Group
f00|Group
2021
f|Charity
~
f|Chan'iy
2021
f|
|---|---|---|---|---|---|
|Trade debtom||56,102|47,992|42,747|35,692|
|Amounts
owed by group undertakings||||4,250||
|Other debtors||165,004|137,732|205,715|137,732|
|Prepayments|and accrued income|10,317|28,608|10,317|8,560|
|||231,423|214,332|263,029|181,984|
##
##
##
##
||||Group|Group|Charity|Charily|
|---|---|---|---|---|---|---|
||||f022
f|2021
f|~202f|2021f|
|Trade creditors|||34,419|40,309|34,409|34,318|
|Other taxation|and social security||27,032|23,887|27,032|23,887|
|Other creditors|||14,131|4,229|14,132|4,228|
|Accruals and deferred||income|60,089|53,003|57,029|43,64S|
||||135,671|121,428|132,602|10S,079|
||||Group
~2f|Group
2021|Charity
f002f|Chanly
2021f|
|---|---|---|---|---|---|---|
|Deferred|income at 1 April||21,671|1,964|21,671|1,964|
|Amounts|deferred|during the year|31,638|21,671|31,638|21,671|
|Amounts|released|to the Statement of|||||
|Financial|Activities||(21,671)|(1,964)|(21,671)|(1,964)|
|Deferred|income|at 31 March|31,638|21,671|31,638|21,671|
||||||gg22
f|2021
f|
|Breakdown
ofdeferred income|||||||
|Barclays Bank|||||30,000||
|The Tides Foundation||||||20,000|
|Room hire in advance|||||1,638|1,671|
||||||31,638|21,671|
##
##
##
||Freehold|Fixtures and|Computer||
|---|---|---|---|---|
||property|fittings|equipment|Total|
||5|8|||
|Cost or valuation|||||
|At 1 April 2021|2,000,000|75,472|58,883|2,134,355|
|Additions||16,859|18,201|35,060|
|At 31 March 2022|2,000,000|92,331|77,084|2,169,415|
|Depreciation|||||
|At 1 April 2021|170,000|32,206|37,909|240,115|
|Charge for the year|34,000|7,988|11,759|53,747|
|At 31 March 2022|204,000|40,194|49,668|293,862|
|Net book value|||||
|At 31 March 2022|1,796,000|52,137|27,416|1,875,553|
|At 31March 2021|1,830,000|43,266|20,974|1,894,240|
##
##
##
||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|charity|8|
|Cost or valuation||
|At 1 April 2021||
|At 31 March 2022||
|Net book value||
|At 31 March 2022||
|At 31March 2021||
##
||||||Balance at|
|---|---|---|---|---|---|
||Balance at 1|||Transfers|31 March|
||April 2021|Income
8|Expenditure
E|In/out
6|2022
f|
|Unrestricted
funds||||||
|General Funds|5,576,337|2,145,510|(956,605)|(20,200)|6,745,042|
|Restricted funds||||||
|The Stephen
Lawrence Centre|1,395,640||(34,000)||1,361,640|
|Other Tangible Assets|27,077||(5,921)||21,156|
|Career Strand Programmes|206,755|511,845|(454,931)||263,669|
|Societies Strand Programmes|87,276|107,500|(132,000)||62,776|
|Community
Programmes|7,999||(28,199)|20,200||
||1,724,747|619,345|(655,051)|20,200|1,709,241|
|Total offunds|7,301,084|2,764,855|(1,611,656)||8,454,283|
##
##
##
##
##
##
##
##
##
##
##
##
|Statement offunds|- prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31March|
|||1Apnl 2020
f|Income
f|Expenditure
f|in/out
f|2021|
|Unrestricted
funds|||||||
|General
Funds||796,838|5,573,299|(789,390)|(4,410)|5,576,337|
|Restricted funds|||||||
|The Stephen
Lawrence Centre||1,429,640||(34,000)||1,395,640|
|Other Tangible Assets||28,734||(1,658)||27,0T6|
|Career Strand Programmes||103,551|276,754|(173,550)||206,T55|
|Societies Strand Programmes|||23,072|(15,072)||8,000|
|Community
Programmes||17,366|152,500|(82,590)||87,276|
|Stephen
Lawrence|Day||||||
|Programme||41,826||(46,236)|4,410||
|Furlough
Fund|||25,346|(25,346)|||
|||1,621,117|477,672|(378,452)|4,410|1,724,747|
|Total offunds||2,417,955|6,050,971|(1,167,842)||7,301,084|
|Analysis|of n|et assets between
funds - curre|nt year|||
|---|---|---|---|---|---|
||||Restricted|Unrestncted|Total|
||||funds|funds|funds|
||||2022
E|2022f|2022f|
|Tangible|fixed|assets|1,394,074|481,479|1,875,553|
|Current|assets||345,167|6,369,234|6,714,401|
|Creditors|due|within one year|(30,000)|(105,671)|(135,671)|
|Total|||1,709,241|6,745,042|8,454,283|
##
##
||||||||Restncted|Unrestricted|Totai|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2021
f|2021
f|2021f|
||Tangible|fixed assets|||||1,422,717|471,523|1,894,240|
||Current assets||||||322,029|5,206,242|5,528,271|
||Creditors|due within|one year||||(20,000)|(101,428)|(121,428)|
||Total||||||1,724,746|5,576,337|7,301,083|
|22.|Reconciliation
of net movement|||in funds|to|net cash flow|from operating|activities||
|||||||Group|Group|Charity|Charity|
|||||||2022f|2021f|2022f|2021f|
||Nel income
for the||year (as per Statement||of|||||
||Financial|Activities)||||1,153,199|4,883,129|1,170,199|4,866,130|
||Adjustments
for:|||||||||
||Depreciation
charges|||||53,747|46,944|53,747|46,944|
||Dividends,|interests|and rents from|||||||
||investments|||||(968)|(1,124)|(968)|('1,124)|
||Increase|in debtors||||(90,150)|(164,190)|(81,045)|(164,190)|
||Increase|in creditors||||29,592|42,025|26,523|42,025|
||Net cash|provided|by operating|activities||1,145,420|4,806,784|1,168,456|4,789,785|
|23.|Analysis|ofcash and cash equivalents||||||||
|||||||Group|Group|Charity|Charity|
|||||||2022
f|2021
f|2022
f|2021
f|
||Cash in hand|||||6,482,979|5,313,939|6,448,303|5,313,939|
||Total cash and cash equivalents|||||6,482,979|5,313,939|6,448,303|5,313,939|
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|||||||A~t1 A
ril||At 31 March|
|---|---|---|---|---|---|---|---|---|
|||||||2021|~Cfl
f|2022
6|
|||||||E|||
|Cash|at|bank|and|in|hand|5,313,939|1,169,039|6,482,978|
|||||||5,313,939|1,169,039|6,482,978|
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