Registered number: 05047204 Charity number: 1102267 BLUEPRINT FOR ALL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 RPGCC Chartered Accountants & StalLrtory Auditor 40 Gracechurch Street London EC3V OBT 8LUEPRINT FOR ALL CONTENTS Paga Reference and administrative details of the Parent Charity. Its Trustees and advisers Trustees. report Trustees. responsibilities statement Independent auditors, report on the financlal statements Consolidated statement of financial activities 2-12 13 14-17 18 Consolidated balance sheet 19 Parent Charity balance sheet Consolidated statement of cash flows 20 21 Parent Charity statement of cash flows Notes to the flnancial statements 22 23-50 BLUEPRINT FOR ALL REFERENCE AND ADMINISTRATIVE DETAILS OF THE PARENT CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Sir K O Ajegbo K J Antao A M Gregory C Jackson P Karakusevic F Khullar M l Macleod N B Pinder C Clark (resigned 5 December 2023) Company registered number 05047204 Charity registered number 1102267 Reglstered office 39 Brookmill Road London SE8 4HU Company secretary Michael Stewart Chlef executive offlcer Sonia Watson OBE, Hon. FRIBA. Hon. FRIAS Bankers Lloyds Bank PIC 25 Gresham Stieel London EC2V 7HN Redwood Bank The Nexu$ Building Broadway Letchworth Garden City Hertfordshire SG6 3TA Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE Page 1 BLUEPRINT FOR ALL TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Letters from the Chair of Trustees Dear Supporter. l am delighted to reflect on anolher strong year for Blueprint for All and the significant impact we have made on the live5 of many young people and communities across the UK. The last 12 months have undoubtedly been challenging, but the team, led by Sonia Watson, has shown great resilience, energy, and leadership to deliver excellent results. The 2023 Youth Census re port underscores the increasing challenges faced by the young people supported by Blueprint for All. The report indicates that young people from diverse ethnic backgrounds experlence lower levels of confidence, leadership skills and self-belief compared to their white counterparts. Our charitable objectives are firmly rooted in effectively addressing and mitigating disparities, paving the way for a more inclusive society. One of our high impact eaily careers programmes reports that 800/0 of participants reported increased confidence in their employability skills and professional aspirations, with 72 % successfully bridging gaps in their personal and professional skills. That is why, Blueprint for All Trustees are delighted to see strong developments in the delivery of our programmes, especially with the progress in our digital platform, My Blueprint for All. We provide support to individuals up to the age of 30. addressing the various challenges they encounter during different stages of their career joumey. Through workshops. bursaries. career opportunities, and events, we actively tackle the systemic barriers that impad people's abilily to thrive. Whether young individuals aspire to pursue a career in the creative arts, financial sector, entrepreneurial ventures. or any other domain. our mission is to offer guidance and showcase Ihe muEtitude of pathways to success that exist. This year, we are proud to have supported over 8.000 young people, collaborated with over 80 partners to provide career opportunities and programme support, and received an average participant satisfaction score of 415. We look fO￿ard to the coming year, building on the digital momentum within the charity and empowering mole young people to achieve their potential. We have been shortlisted for four incredible awards this year. This recognition reflects the exceptional efforts of everyone al Blueprint for All and highlights the power of our corporate partnerships. W& have been shortlisted for the following awards.. Third s￿tOr Awards 2024.. Blueprint for All is shortlisted for the Corporate Partnership of the Year award for our impactful collaboration with Deloitte. Corporate Engagement Awards 2024.. We have been shortlisted for the Best Charity Programme Award. Charity Times Awards 2024.. We are doubly shortlisted for the CoTporate Social Responsibility Project of the Year for our partnership with Deloitte, and our Chief Executive, Sonia Watson has been nominated for the Charity Leader of the Year award. With the support of every individual and organisation that supports us, we are determined to continue our efforts to eradicate inequality and disparity, enabling all young people. no matler their background, to thrive. Blueprint for All remains committed to our purpose, and we are proud to evidence our progress loward achieving this goal. Moving forward. our priority is to enhance our offering io more young people and Ouf partners. Our focus continues to be on building income and maximising digital capabilities, to ensure the opportunit18s offered to the demographic we serve remains at the centre of everything we do. Thank you for your continued support and dedication to Blueprint for All. Together, we are making 8 difference. Yours sincerely, Sir Keith Ajegbo Chair of Trustees Page 2 BLUEPRINT FOR ALL TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 About Blueprlnt for All Blueprint for All works with young people, communities and organisations to create an inclusive society in which everyone, regardless of their race, ethnicity or background are provided with opportunities to thrive, whilst also seeking to drive systemic change. We believe in a future where talent is respected and nurtured irrespective of where it comes from, where organisations recognise and realise the benefits of a diverse workforce and where our communities can come together and thrtve. This is our blueprint, to set the foundations for a more inclusive society to grow. Our Mission, Vision & Values Our Mission We wortf with young people and communities to create an inclusive society in which everyone, regardless of th8ir race, ethnicity or background can thrive. Our Vlslon Every person, regardless of their background, has the opportunily and support to fSourish in a society that recognises and values them. Talent Is everywhere. opportunity is not. Our Values We hold ourselves to high account- acting with bravery, honesty and integrity 2) We foster a culture of mutual respect. where dsfference is valued and people feel empowered 3) We are passionate about what we do and have the courage to challenge with positive intent 4) We build rich collaborative relationships to enable long-lasting change 5) We show unwavering determination to make inclusion outcomes a realty Our Strategy12021-2026) Our strategic plan oullines the priorities and goals for Blueprint for All until 2026, grounded in the values we uphold as an organisation. Each layer of the slrategy builds on the previous one, guiding us towards our overall vision and mission. Our strategy sets out ambitious plans to expand and scale our programmes across the UK, ensuring sustainable change for our young people and influencing policy and practice. To achieve this, we strive to be the best organisation we can be and are led by our vision, mission, and values. We are ambitious in delivering our inclusion goals to enable the change we are detemined to see embedded in the UK. Our strategic themes provide structure and clarily, encouraging us to focus on what needs lo be done and how we will achieve it. Page 3 BLUEPRINT FOR ALL TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strategic Themes Support Higher Numbers of Under-represented and Disadvantaged Young People We will work with young people from disadvantaged and under-represented backgrounds, aged 13 to 30, to inspire and enable them to succeed in their choice of education and career. Strengthen and Empower Communtty Groups We will enable community groups- to facilitate their development inlo sustainable and thriving organisations better able lo support, within their communities, disadvantaged and under-represented young people. Influence Societal Change and Soclal Pollcy We will challenge organisalions to create more inclusive cultures, through the way they work and the services they provide, to achieve lasting social ifflpact. We will seek la inf5uence policy makers to enable systemic change. Establish National Reach for Our Programmes and Our Purpose We will deliver our programmes across the four UK Nations by designing locally relevant content to support under-represented and disadvantaged young people. Bluepnnl for All will become known, across the UK, as a result of its reach and impact. Develop Sustainable Relationships with Sponsors and Partners We will nurture viable and engaging relationships With 811 of our sponsors and partners, priorilising those who share our mission and are committed to implementing holistic ¢hange within their organisations. Challenge Ourselves to Be the Besl Charity that We Can Be We will adhere to good governance practices and organise ourselves and the way we work to demonstrate best in class operating disciplines and outcomes. We will develop our internal capability and increase resource capacity. Our Programm&s In nearly all industries and professions, there is a significant underrepre5entation of individuals from diverse ethnic backgrounds and less privileged socio-economic backgrounds. Our programmes are designed to address these disparities by empowering young people to overcome the piactical barriers and providing industries with opportunities to diversify their Workforce. By partnering with schools, universities, community groups, and employers, we empower young people aged 10-30 from disadvantaged backgrounds to pursue their desired areers. Our programmes are designed to deliver long-tem, multi-layered, and multrfaceled support to ensure that participants recetve the depth and breadth of targeted support they need. Our focus areas Include: Over 700/r of our participants are from diverse ethnic backgrounds. We operate across the entire UK. We provide online early career programmes for individuals aged 18-30, and in-person educational programmes for those aged 10-18. We support young people who are Not in Education, Employment, or Training, or who are at risk of dropping out. We support those at risk of dropping out of higher education due to financial constraints. Our participants often experience various socio-economic challenges, such as living in economically deprived areas, coming from low-income or single-parent households. having previous 8ligibility for free school meals, or having special education needs or disabilities. Page 4 BLUEPRINT FOR ALL TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 We have implemented focused in-person programmes in three of the ten most economically disadvantaged areas in the LIK and extended our reach to all ten areas through our digital initiative, My Blueprint for All. There are four main strands of our delivery.. Bullding Careers: We work with schools, universities. community groups, and employers to inspire and enable young people from disadvanlaged backgrounds. aged 13-30, to pursue the career of their choice. Our support ranges from career advice lo helping them gain the skills. qualifications, and Critical foundation8 needed far professional success. Supporting Communlties: Our national programmes support community groups working primarily with individuals from diverse ethnic backgrounds and challenging socio-economic situalions. We aim to maximise their impact and drive positive changes for local communilies. Enrichtng Society. We strive to create a society where talent is respected and nurtured, regardless of origin. We encourage organisations to recognise and embrace the benefits of a diverse workforce, helping communities thrtve. Our bespoke consultancy, aims to drive systemic change in organisations and society as a whole. Digttal Transformation- My Blueprint for All: Our award winning digital platform, My Blueprint for All connects talented and ambitious young people with opportunities, employers, arid industries typically beyond their reach. This platform will offer mentoring, work placements, internships, and employment opportunities. Organisalions can access a diverse pool of talent. while young people from disadvantaged and under-represented backgrounds receive the support and experience they need to enter their chosen careers. Our Programmes & Purpose: Bursaries Programme- To provide bursaries for DÉverse Ethnic Heritage andlor underprivileg&d stuclenls {Pan-Discipline Bufsaries}. Pathways to Professions Programme - To provide careers 5UPPOrt and resources in all professFona5 pathways for primary, secondary and 6th form students. Community Leadership Academy- To dev81op the skills for leadership for micro charities and community organisations. Pathways to Employment- To provide careers support and resources in all professional pathways for 6th form students. Build Environment Programme- To provide career opportunities for Diverse Ethnic Heritage and underrepresented architecture and Built Environment students and lo increase diversity and representation in the Built Environment sector. Architecture Advisory Board . 840h of platform users with accounts are those from diverse ethnic backgrounds. Strengthen Blueprint for All's network of young people and communities.. Number of employers contributed conlenv career opportunities to the plafform - 50+ 42 partners provided career opportunities. 430/0 of these registered profiles belong to young individuals who have actively engaged in the events held on MBfA. Maximise impact on young people's professional journey and become the'go-to place" for career support.. 95.8 % of event participants found the career sessions on MBfA transformative. 75 % of participants said they will continue to use the MBfA platfonn. We are pleased to report the impact the platform has already had on many of our participants. from increasing their employability prospects and success within applications to achieving their career goals. "Entering n7y final year of studies, the Bullding Futures Bursary provided me the chance to be fully committed and imn7ersed in my studies, without the worry of monetary restrletions. It meant a chance to explore my passions and interests with more financial freedom and a degree of exploration that would otherwise have been really limiting. Thanks to Blueprint for All and theirpartners, the bursary meant the chance to explore, question, and c￿ate became an even more accessible and fruittul experience.. Participant My Blueprint for All can be found here. Our Partnershlps & Funding Our funding primarily comes from Gorporate sponsorships, unrestricted donations, and support from trusts and foundations. We are pursuing long-term funding bids and are exploring new income streams through Your Space, our regular donor scheme, and our Consultancy. We extend our gratitude to all the organisations that supported Blueprint for All during the 2023-24 financial year Ihrough funding and programme engagement. Blueprint for All Consultlng Blueprint for All Consulting is committed to promoting inclusion in workplaces and beyond. We aim to support organisations in achieving their business objectives while crealing a positive, healthy and inclusive work environment. Page 8 BLUEPRINT FOR ALL TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 At the heart of everything we do lies a commitment to inclusion, social impact, and systemic change. Our expertise enables organisalions to build the necessary capacity and competencies to embed these goals effectively. We offer a bespoke range of training, coaching and workshops to help businesses. leadership teams and employees create purposeful change within their organisation; enabling us to help transfomi workplaces around Ihe UK to become places where, one day, our participanls can thrive. Your Space We continue to maximise the use of our co-working space and will be increasing the capacity of both tenants and co-workers next year. The event space continues to be popular with the local community and we will Continue to market its availability. 'Not only Is Your Space a brilliant environment, but it has been a great opportunity to network and l am now worf(Ing with some of the people I have met here,. - co.worker Page 9 BLUEPRINT FOR ALL TRUSTEES. REPORT {CONnNUEDI FOR THE YEAR ENDED 31 MARCH 2024 Trustees, report for the year ended 31st March 2024 The Trustees present their ennual report, together with the financial statements, for Blueprint for All for the year 1st April 2023 - 31st March 2024. The annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confimi that the annual report and financial statements of the charitable company comply with the current statutory requirement5, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102} (effective 1st January 2019). Since the Charity qualifies as small under section 382 of the Compani8s Act 2006. the strategic report required of medium and large companies under the Companies Act 2006 (Slralegic Report and Diredors, Report) Regulations 2013 has been omitted. Governing document The organisation is a charitable company limited by guarantee. The company was incorporated on 17th February 2004. On 1st April 2004, the company took on the activities of the Charitable Trust of the same name whose charity number was 1070860. The company was set up under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles ofAssocialion. In the event of the company being wound up members are required to contribute an amounl not exceeding £1. The Charity's results for the year are sel out in the Statement of Financial Activities. The Trustees have considered the Charity Commission's general guidance on public benefrt in relation to th& objecttves of the Charity, including the guidance 'Publi¢ benefit.. running a charity (PB2)'. This report sets out those objectives and describes how they have been met in the current year. Recruitment and Appointment of Board of Trustees The directors of the company are also charity Trustees for the purposes of charity law and under the Company's Articles are known as members of the Board of Trustees. Under the requirements of the Articles of Association one-third of trustees must retire by rotation at the annual general meeting and. being eligible, offer themselves for r8-&le¢tion. Blueprint for All's work focuses on equality and diversity, access to education and learning and career opportunities. The Board of Trustees seeks to ensure that this focus is appropriately reflected through the diversity of Blueprint for All body. To enhance the potential pool of Trustees, maintain 8 broad skill mix and in the event of skills being lost due to retirements, the charity has appr02ched individuals to offer themselves for election lo the Board of Trustees. The existing Board of Trustees is drawn from a mix of professionals and educators. They recognise the need to refresh the Board to incorporate the skills and competencies necessary to move the Board forward. The Secretary also sits on the Board but has no voting righls. A scheme of delegation is in place and day-to4ay responsibilily for the provision of the services and operational management rest with the Chief Executive Officer, Trustee Inductlon and Tralnlng The Trustees are appointed in accordance with the Articles of Association of the company, being by election at annual general meeting by members. The company was not under the control of any one person or corporation. Most Trustees are already familiar with the work of the Charity and their training involves briefings on their duties and liabilities from professional advisors and Board of Trustees workshopslaway-days fo¢using on policy development and govemance. Page10 BLUEPRINT FOR ALL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustee Induction-. Blueprint for All Memorandum and Articles of Association Business plan The latest published annual report and accounts Financial projeclions and budgets Project and programme plans and publications Trustee details and staff structure The Essential Trustee.. What you need to know {Charity Commission) Minutes and reports submitted to previous meetings of the Board of Trustees Key Management Retnuneration The Trustees convene an annual remuneralion sub-commiltee who determine the salary increases lif appropriate) for senior members of staff. Financial Results During the year, the group had incoming resource5 of £2,189,899, of which £751.798 represented ieslricl&d incorne and the remainder being unrestricted. Total expenditure on a group level amounted to £2,804,835. with £841.681 representing restricted expenditLJre and the retnainder being unrestricted. This r8SLtlted in net restricted expenditure of £89,883. Net unrestricted expenditure is £325,084. Total restricted funds carried forward at the yearend amounted to £1.889.487 and net unrestricted funds carried forward amounts to £6,843,519. Reserves Policy The Trustees look at the high level financial projections over a 10 year planning horizon, based upon the charity's strategy, to build our Reserves Strategy Model. The Trustees have set a level equivalent to 12 months of operating costs for the organisation as a minimum level of reserves that musl be maintained at all time5. Currently, the charity holds surplus reserves i.e. actual free reserves are significantly in excess of this minimum level. By the later years in the 10 year model the actual reserves are projected to be more modestly in excess cf the minimum. The Trustees have then reviewed expected drawdowns of th6 surplus free rese￿e$ over the next 10 years, caused by runnin9 annual deficits. In the earlier years of this planning horizon the charity is continuing the development and running of 'My Blueprint for All, and for the expansion of our current programmes. It is not expected that these planned commitments can be mel by anticipated fulLtre income alone. and so deficits are projected. In the later years of the planning horizon, it is anticipated that as the charity matures further its income growth will be sufficient such that general costs can be covered, and so modest annual surpluses are projected. After making appropriate enquiries with management, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Investment Policy The Trustees have agreed a framework for the ongoing management of the charity's investments. The framework seeks to earn a competitive financial return on the charrty's investments, whilst also addressing.. Page11 BLUEPRINT FOR ALL TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 concentration risk, so that reserves are held across more than a single counterparty credit risk, so resetves are not placed at high-risk counterparties liquidity risk. so that sufficient reserves can be accessed when they are expected to be required Cash is held at Lloyds Bank for day~tchday working capital requirements. The charity also holds cash at Flagstone, which is a platform widely used across the charity sector offering access to a range of underfyin bank deposit accounts. The charity's Reseryes Strategy Model shows that in the next 5 years, reserves are not expected to be below £2m. Therefore the charity has placed £2m in the Sustainable Multi-Assel Fund managed by C8z8nove, to manage this porlion of the overall reseNes over a longer time horizon. The fund is a multi-asset fund with investments across a range of equitie5, bonds, and infrastructure assets. Principal Risks and Uncertainties The charity has developed an extensive Risk RegTSter, which the leadership team use to recDrd and monilor risks, and lo develop action plans for the managemenl of these risks were necessary. Trustees are alerted to any risks which are reportable and miligaling actions planned or implemented. The Trustees review the register each year. as part of their oversight of the charivs govern8nce, to ensure appropriate attention is bein9 devoted to the principal risks. The principal risks identified in the register are.. Sustainability of funding pipeline and Employee recruitment and retentiork Key Performance Indicators Blueprint for All adheres to key performance and outcome indicators set out by funders and contained within signed funding agreement. Rlsk Management The Trustees consider risks to which the Charity Trust is exposed at Quarterly Board Meetings. Approved by order of the members of the board of Trustees and signed on their behalf by.. Sir K O Ajegbo Trustee Date". Page 12 BLUEPRINT FOR ALL STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also the directors of the Parent Charity for the purposes of company law) are responsible for preparing the Truslees, report 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. Under company law. the Trustees must not approve the financial statements unless they are salisfied that they give a true and fair view of the state of affalrs of the Group and the Parent Charlty and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to- select suitable 8ccounting policies and then apply them consistently- observe the methods and princip18s of the Charities SORP (FRS 102). make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards {FRS 102) have been followed. subject to any material departures disclose4J and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriale ta presume that the Group will continue in business. The Trustees are responsible for keeping adeqvale accounting records that are sufticient to show and explain the Group and the Parent Charitls tiansaclions and dlsclose wlth reasonable accuracy at any time the financial positlon of the Group and the Parent Charity and enable th&m lo ensure that the financial stalements comply wtth the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Parent Charily and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Disclosure of Infornialion lo Audltor Each of the persons who are Trustees at the time when this Trustees, report is approved has confirrned that.. so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware. and That Trustee has taken all the steps that ought to hav8 been taken as a Trustee in order to be aware of any relevant audit information and to estsblish that the charitable group's auditor is aware of that information. Auditor The auditor. RPG Crouch Chapman LLP, has indicated his willingness to continue in cffice. The d8signated Tru5tee5 will propose a motion reappointing the auditor at a meeting of the Trusteés. Small Companies Note In preparing this report, the directors have tsken advantage of the small companies exemptions provlded by saction 415A of the Companies Act 2006. Approved by order of the members of the board of Trustees and signed on its ￿hall by= Sir K O Ajegbo Trustee Date.. 3/iziz4 Page 13 BLUEPRINT FOR ALL INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BLUEPRINT FOR ALL Oplnion We have audited Ihe financial statements of Blueprint for All (the 'parent charitable company'l and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the consolidated stal&ment of financial activities, the consolidated balance sheet, the parent Charity balance sheet, the consolidated statement of cash flows. the Parent Charity Statement of Cash Flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 2pplicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slatements-. give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 March 2024 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basis for opinron We conducted our audtt in accordance with Intemational 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 Group in accordance with the ethical requirements that are relevant to oui audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 sufh'cient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have Concluded that the Trustees, use of the going concern basis of accounting in the preparation of Ihe financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaling to events or conditions that, individually or collectively. may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authofised for issue. Our responsibilities and the responsibilities of the Trustees wilh respect to going concern are described in the relevant sections of this report. In our evaluation of the trustees, conclusions, we considered the risk5 associated with the charity's business model, including the effects arising from rnacro-economic un¢ertainties and analysed how those risks might affect the Charills financial resources or ability to continue operations over the period of Iwelve months from the date when the financial statements are authorised for issue. In accordance with the above, we have nothing to report in these respects. However, as we cannot predict all future events or conditlOT15 and a5 subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor's report is not a guarantee that the charity will Continue in operation. Page 14 BLUEPRINT FOR ALL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BLUEPRINT FOR ALL ICONTINUED othèr information The other information comprises the information included in the annual report other than the financial statements and our auditors, report thereon. The Trustees are responsible for Ihe other information conlained within the annual report. Our opinion on the financial statements does not cover the other information and, except to Ihe extent othewise explicitly slated in our report. we do not express any fcmi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, cor¢sider whelher the other information is materially inconsistent with the financial statements or our knowledge oblained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material incansistencies or apparent material misstalements, 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 perfomied, we conclude that there is a material misstatement af this other information. we are required to report that fact. We have nothing to report in this regard. Capabilfty of the audit to detect irregularities including fraud We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the charity which were contrary to applicable laws and regulations, including fraud. These included, but were not limtted to, compliance with Companies Act 2006, the Charities Act 2011 and FRS102. We designed audit procedures to respond to the risk, re¢ognising that the risk of not delecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. We focused on laws and regulations that could give rise to a material misstatement in the financial statements. Our tests included, but were not limited to.. agreement of the financial statement disclosures to underlying supporting documentation- enquiries of management; review of minutes of board meetings throughout the period., and obtsining an understanding of the control environment in monitoring compliance wilh laws and regulations. There are inherent limitations in the audit procedures described above and the further removed noncomplian 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 also addressed the risk of management override of internal conlrols. including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk cf material misstatement due to fraud. Oplnion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial stalements. the Trustees, report has been prepared in accordance with applicable legal requirements. Page 15 BLUEPRINT FOR ALL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BLUEPRINT FOR ALL {CONTINUED} Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and it5 environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 20D6 requires us to report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or retums adequate for our audit have not been received from branches not visited by us.. or the parent charitable company financial statements are not in agreemenl with the accounting records and returns., or certain disclosures of Trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audÉt- or the Trustees were not entitled to prepare the financial statements in accord8nce wilh the sm811 companies Tegime and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the Trustees (who are also the direclors 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 af financial statem8nts that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent 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 accounling unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltors. responsiblllties 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 an auditors, report 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 delect a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they coukl 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. W6 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, has been outline in the paragfaph "Capability of the audit to detect irregularities including fraud" above. A further description of our responsibilities for the audit of the financial stalements is located on the Financial Reporting Council's websile at.. www.frc.or .uklaudilors￿s onsibilities. This description fom)s part of our auditors, report. Page 16 BLUEPRINT FOR ALL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BLUEPRINT FOR ALL (CONTINUED) 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 companls trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable companys members those matters we are required to state tc them iri an auditors, report and for no other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility to anyone other than the charilable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Jeremy Tyrrell {FCA) (senlor slatutory auditor) for and on behalf of RPGCC Chartered Accountants and Registered Auditors 40 Gracechurch Street London EC3V DBT Date.. Page 17 BLUEPRINT FOR ALL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Totaj funds 2023 Note Income from: Donations and legacies Charitable activities Other trading activities Investm&nts Other income 748,798 1,033,920 127,770 125,092 143,504 7,816 1,782,718 127.770 125.092 143,504 10,816 2, 430,454 114,627 53.549 29,316 16.637 3,000 Total income 751,798 1,438,102 2.189,900 2, 644, 583 Expenditure on: Raising funds Charitable activities Other expenditure 7,206 834,475 345,167 1,617.987 352,373 2.452,462 404,051 1,471, 743 75,099 10 11 Total expenditure 841,681 1,963,154 2,804,835 1,950,893 N&t {8xpenditure)lincome before net gains on investments Net gains on investments (89,883) {525,052) 199,968 (614,935) 199,968 893. 690 Net movement In funds (89,883) (325,084 {414,967) 693,690 Reconciliation of funds: Total funds brought forward Net movement in funds 1,979,370 (89,883) 7,168,603 (325,084> 9,147,973 (414,967) 8,454, 283 693, 690 Totsl funds carried forward 1,889,487 6,843,519 8,733,006 9, 147,973 Page 18 BLUEPRINT FOR ALL REGISTERED NUMBER: 05047204 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Intangible assets Tangible assets Investments 16 1,084,561 1,803,813 2,224,939 1,265,321 1,830,176 985, 471 17 18 5,113,313 4,080, 968 Current assets Debtors Cash at bank and in hand 19 64,314 3,724,301 83, 200 5,168,913 3,788,615 5.252, 713 Creditor5: amounts falling due within one year 20 {168,921) (185,107) Net Current assets 3,619,694 5,067,006 Total assets less ¢urrent Ilabllities 8,733,007 9, 747,974 Total nel assets ,733,007 9, 147,974 Charlty funds Restricted funds Unrestricted funds 22 1,889,487 6,843,520 1,979,370 7,168,604 22 Total funds 8,733,007 9, 147,g74 The Trustee5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial Statements. The financial statements have been Prepared in accordance with the provisions applicable to entities Subject to the small Companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Sir K O Ajegbo Trustee Date.. S/ Iz/24 The notes on pages 23 to 50 form part of these financial statements. Page19 BLUEPRINT FOR ALL REGISTERED NUMBER: 05047204 PARENT CHARITY STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Intangible assets Tangible assets Investments 16 1,084,561 1,803,813 2,224,940 1.265,321 1, 830, 176 985,471 17 18 5,113,314 4,08Q,968 Current assets Debtors Cash 8t bank and in hand 19 99,707 3,681,750 160,097 5, 137,279 3,781,457 5.297.376 Cre4itors.' amounts falling due wlthin one year 20 {161,765) (191,259) Net current assets 3,619,692 5,106.117 Total assets less current Ilabllitles 8,733,006 9,187,085 Total net assets 8,733.006 9, 187,085 Charity funds Reslricted funds Unrestricted funds 22 1,766,694 6,966,312 1,979,3TO 7,207, 715 22 Total funds 8,733,006 9.187,085 The Paient Charitys net movement in funds for the year was £(454,079) (2023 - £732,802J. The Trustee5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance wth the provisions applicable to entities subject to the small companies regime. The finaneFal statements were approved and authorised for issue by the Tru51ees and signed on their beh8lf by: Sir K O Ajegbo Trustee Date.. i/IZ/Z4 The notes on pages 23 to 50 form part of these financial statements. Pa9e 20 BLUEPRINT FOR ALL CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng actlvities Net cash used in cperating activities (S13,358) 931, 768 Cash flows from investing activities Dividends, interests and rents from investments Purchase of intangible assets Purchase of tangible fixed assets Purchase of investments 143,506 29,316 {1,265.327) 135,260) (9,829) (1,039,5001 (1,000,000) Net Cash used in investlng activities (931,254) (2,245,834) Cash flows from financing activltles Net cash provided by flnanclng activltles Change In cash and cash equivalent5 in the year Cash and cash equivalents at the beginning of the year {1,444,6121 (1,314,066) S,168,914 6,482,980 Cash and cash equivalents at the end of the year 3,724.302 5. 168,974 The notes on pages 23 to 50 form part of these financial statements Page 21 BLUEPRINT FOR ALL PARENT CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng activities Net cash used in operating activities 1524,274) 934,810 Cash flows from investlng actlvltles Dividends, interests and rents from investments Purchase of intangible assets Purchase of tangible fixed assets Purchase of investments 143,504 29,316 (1, 265, 321) (35,260) (9, 829) {1,039,500) (1,000.000) Net cash used in Investing activities (931,256) (2,245,834 Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year {1,455,530) (1,311,024) 5,137,280 6, 448,304 Cash and cash equivalents at the end of the year 3,681,750 5, 137,280 The notes on pages 23 to 50 form part of these financial statements Page 22 8LLIEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General infomiation The parent charity is a company Simited by guarantee incorporated in England and Wales with the compariy number 05047204. The registered office address is Your Space, 39 Brookmill Road, Depttord, London SE8 4HU. The members of the charitable company are the Trustee narned on page 1. In the event Df the charily being wound up, the liabilty in respect of the guarantee is limited to £1 per member ofthe chanty. The principal activity of the charitable company remained that of promoting equality and diversity and supporting disadvantaged members of the Black. Asian and Minority Ethnic Communrty. The charIt￿S wholly owned subsidiary. Building Inclusive Futures Consulting Ltd, is a privale limited company with a share captial of £1. Its company number is 09160878 and its registeied office address is Your Space, 39 Brookmill Road. Deptford, London SE8 4HU. The principal activity of the company is that of management consultancy. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities-. Statement of Re¢ommended Practice applicable to charilies preparing their accounts accordance with the Financial Reporting Standard applicable in th& UK and Republic of Ireland (FRS 102) (effedive 1 January 2D19), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Blueprint for All meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The consolidated statement of f5nancial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the Parent Charity and its subsidiary undertaking. The results of th8 subsidiary are consolidated on a line by line basis. The Parent Charity has taken advantage of the exemption allowed under section 408 of the Gornpanies Act 2006 and has not presented its own statement of financial activities in these financial statements. The accounts have been prepared in GBP and all amounts have been rounded to the nea￿st £. 2.2 Basls of Consolidatlon The financial statements Gonsolidate the accounts of 81ueprint for All and its subsidiary undertaking, Building Inclusive Futures Consulting Limited. 2.3 Going concern At the time of approval of the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Page 23 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AcGounting pollcies Icontinued) 2.4 Income All income is recognised once the Parent Charity has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidents of entitlement to a legacy exists when the Parent Charity has sufficient evidence that a gift has been left to them {through knowledge of the existence of a valid will and Ihe death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate, Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, whÈch will generally be the expected cash amount to be distributed to the Parent Charity, can be reliably measured. Grants are included in the consolidated st&t&ment of financial activities on a receivable basis. The balance of income received for specific purposes but nol expended during the period is shown in the relevant funds on the balance sheet. Where income is re￿iVed in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. On receipt, donated professional services and facilities are recognised on Ihe basis of the value of the gift to the Parent Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open markèt., a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is r￿e1Vable on completion of the service. 2.5 Turnover Turnover comprises revenue recognised by the group (by means of its trading subsidiary) in respect of consultancy seNices provided during the year, inclusive of Value Added Tax but exclusive of trade discounts. 2.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support cosls involved in undertaking each activity. Direct costs attributable to a single activity are allocated direclEy to that activity. Shared costs which contribute to more than one activfty and support costs which are not attributable to a single activity are apportioned be￿een those activrties on a basis consistent with the use of ￿SOurCes. Central staff costs are allocated on the basis of time spent, and depreciation charges alloc8ted on the portion of the asset's use, Page 24 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (continued) 2.6 Expendlture (contlnued) Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable Irading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.7 Research and development Development costs are capitalised wilhin intangible assels where they can be identtfied with a specific product or project anticipated to produce future benefits, ancl are amcrtised on the straight line basis over the anticipaled life of the benefits arising from the completed product or project, Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the consolidated statemenl of financial activities. 2.8 Interest receivable Interest on funds held ori deposit is included when receivable and th8 amount can be measured reliably by the Group,. this is nomially upon notification of the Inte￿St paid or payable by the institution with whom the funds are deposited. 2.9 Taxation The Parent Charrty is considered to pass the tesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Parent Charty is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to Ihe exient that such income or gains are applied exclusively to charitable purposes. 2.10 Pensions The charity contributes to personal pension plans for ils empk>yees and pension Contributions are included in the Statement of Financial Activities. 2.11 Intanglble assets and amortisation Intangible assets are inilÉally recognised at cost. After recognition. under the cost model, intangible assets are measured at cost less any accumulated amortisation and any 8ccumulated impairment losses. The only intangible assets held by the Charity and the Group is "My Blueprint For All an online portal. The asset is amortised over its expected useful life, which the Truslees consider to be 7 years. commencing from the date it became operational, which was 31 March 2023. Page 25 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued 2.12 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognis8d at cost. After recognition, under the cost model, tangible fixed assets afe measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets loss their residual value over their estimated useful lives as detailed below . Depreciation is provided on the following bases: Long-term leasehold property Fixlures and fittings Computer equipment 2°h Straight Line 20- 33.3/0 Straight Line 20 . 250k Slraight Line 2.13 Investments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently measurecl at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impaiiment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on investments, in the consolidated statement of financial activities. Investments in subsidiaries are valued at cost less provision for impaimienl. Inveslments held as fixed assets are shown at cost less provision for impairmenL 2.14 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade éisccunts due. 2.15 Cash at bank and In hand Cash at bank and in hand include5 cash and short-term highly liquid investments with a short maturity of three rnonths or less from the date of acquisition or opening of the deposit or similar account, 2.16 Liabilltles and Provisions Liabilities are recognised when there is an obligation at the balance sheet dale as a resuEt of a past evenl, it is probable that a Iransfer of economic benefit will be required in settlement, and Ihe amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Parent Charity anticipates it will pay lo settle the debt or the amount it has received as advanced payments for the goods cr services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the consolidated statement of financial activities as a finance cost, Page 26 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.17 Flnancial instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value. Fixed asset investments are included at their year end value,. more information is included in policy 2.13. 2.18 Fund accounting General funds are unrestricled funds which are available for use at the discretion of the Trustees in furtherance of the general objecltves of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged againsl the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 2.19 Bursarles The full amounts of bursary grants approved by the Trustees are included in expenditure in the year in which they are awarded. Amounts unpaid at the year end are inlcuded in creditors payable within elve months and after twelve months, as appropriate 2.20 Volunteers and donated serylces and facilities The value of setvices provided by volunteers in incorporated into these financial statements if it can be measured reliably. Where services are provided to the charily as a donation that would normalSy be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity Page 27 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Critical accountlng estimates and areas of judgment Estimates and judgments are conlinually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Parent Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of as38ts and liabilities within the next financial year are discussed below. Estimated useful lives and residual values of tangible and intangible fixed assets Depreciation and amortisation of tangible and intangible fixed assets is based on estimated useful lives and residual values deemed appropriate by the Trustees. Estimated useful lives and residual values are reviewed annually and are revised as appropriate. In the year to 31 March 2024 this is particularly affected by the Group's headquarters. Your Space, 39 Brookmill Road, whose depreciation has a significant impact on the SOFA, and also includes the amortisation on "My Blueprint for All" the Charity's Qnline platform. Both of these respective estimates are based on an estimate of the useful economic lrfe of the asset concerned. Critical areas of judgment.. The carrying value of fixeLI assets. in particular The Stephen Lawren￿ Centre, is reviewed and assessed periodically and adjustments to the carrying value are made by the Trustees if indications for a change in value are present. When applicable, pro bono donations for services are included in the accounts at fair value, this being based on infomation provided by the suppliers as to how much they would charge for similar services on the open market. Non-charitable wages are wages spent on business Conducted by the charity's subsidiary and is calculated on the estimated time spent by charty employees on company matters. Page 28 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Donations and grants Legacies 748,798 1,009,751 24,169 1,758,549 24,169 748,798 1,033,920 1,782.718 Reslr7cled Unrestricted funds funds 2023 2023 Total funds 2023 Donations and grants Legacies 1,288,416 1, 142.038 2.430, 454 1.288,416 1. 142,038 2,430, 454 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Room rental 127,770 127,770 un￿StriCted fijnds 2023 Total funds 2023 Room rental 114,627 114.627 Page 29 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from other tradlng activities Income from non charitable trading activities Unrestrlcted funds 2024 Totsl funds 2024 Consultancy Fees Licence Fees 35,032 90,060 35,032 90,060 125,092 125,092 Unreslricted funds 2023 Tot81 funds 2023 Consultancy Fe8S Licence Fees 43,549 10,000 43,549 10,000 53,549 53,549 Investment Income Unrestricted funds 2024 Total funds 2024 Bank interest and dividends 143,504 143.504 Unrgstricled funds 2023 Total funds 2023 Bank interest and dividends 29,316 29,316 Page 30 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other Incoming resources Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Sundry income 3,000 7.816 10,816 Rastricted Unrestricted funds funds 2023 2023 Total funds 2023 Sundry income 160 16,477 16,637 Page 31 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising lunds Costs of ralsing voluntary income Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Other expenditure Office expenditure Professional fees Premise Costs Insurance Other Staff Costs Wages and salaries 791 791 1,936 5,034 22,573 3.243 19.272 227,482 23,869 10,513 4,487 1,936 5,034 22,573 3.243 19.272 227,482 23.869 10,513 11.693 Pension costs Depreciation 7,206 7,206 319,200 326,406 Resfricted Unresthcted funds funds 2023 2023 Tofal funds 2023 other expenditure Office expendtture Professional fees Premise Costs Insurance other staff expenses Wages and Salaries 13,818 17,847 13,563 28,477 4.818 23, 940 228,247 23, 750 22, 187 2, 777 13,818 17,847 13.563 28.477 4,818 23,940 228, 247 23, 750 22, 181 9,848 Pension costs Depreciation 7,071 7,077 379,418 386.489 Page 32 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Icontinuod) Other trading expenses Unrestricted funds 2024 Total funds 2024 Trading expenses (subsidiary) Administration expenses 20,250 5,717 20,250 S,717 25,967 25,987 Unrestricled funds 2023 Total funds 2023 Trading expenses (subsidiary) Administration expenses 11,478 6, 084 11,478 6, 084 17,562 77,562 Reconciliation of expenditure on raising funds to the SOFA 2024 2023 Cost of raising voluntary income Other trading expenses 326,406 25,967 586,489 17,562 352,373 404,051 Page 33 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Analysls of expenditure on charltable activities Summary by fund type Restrlcted Unrestricted funds funds 2024 2024 Total 2024 Objective 1: Careers Objective 2: Communities Objective 3.. Societies 813,578 15,576 5,321 1,261,997 258,911 97,079 2,075,575 274,487 102,400 834,475 1,617,987 2,452,462 Restncted Unrestricted funds funds 2023 2023 Total 2023 Objective 1". Careers Objective 2: Communities Objective 3= Societies 968, 757 56, 066 69,317 100, 389 107,075 170, 139 1,089, 146 163.741 239,456 1,094, 140 377, 603 1,471, 743 Page 34 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Other expendlture Total funds 2024 Other resources expended - wages and salaries Other resources expended - Nl other resources expended - pension costs UnreslrFCted funds 2023 Total funds 2023 Other resources expended - wages and salaries other resoufces expended - Nl other resources expended - pension costs 56, 534 6, 349 12,216 56,534 6,349 12,216 75, Q99 75, 099 Non-charitable expenses are expenses incurred by the charity's trading subsidiary, Building Inclusive Futures Consulting Ltd. In the year to 31 March 2023 this only represented rewcharged wages and salaries and associated costs. No wages and salaries were ￿-Charged during the year ended 31 March 2024. Page 35 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Analysis of expenditure by activitles Activities undertaken directly 2024 Support osts 2024 Total funds 2024 Objective 1.. Careers Objective 2.. Communilies Objective 3.. Societies 1,555.380 167,780 62,384 520,195 106,707 40,016 2,075.575 274,487 102,400 1,785.544 666,918 2.452,462 AGtivities undertaken directly 2023 Support costs 2023 Total funds 2023 Objective 1.. Careers Objective 2.. Communtties Objective 3.. Societies 608,291 81,397 118, 145 460, 855 81,744 121,317 1,069, 146 763.141 239,456 807, 833 663,910 1,471, 743 Page 38 8LUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Analysis of expenditure by actlvltles (continued) Analysis of support costs Objective 2: Communi- Objective 3: ties Societies 2024 2024 Objective 1: Careers 2024 Total funds 2024 Staff costs Depreciation other Expenses Computer. Telephone & Internet Professional Costs Premise Costs Insurance Oth8r Staff Expenses Fundraising costs 333,258 14,880 22.224 50,121 17,254 28,725 4,127 24,524 25,084 68,360 3,052 4,559 10.281 3,539 5,893 25,635 1,144 1,711 3,856 1,327 2,210 317 1,886 1.930 427,251 19,076 28,494 64,258 22,120 36,828 5,291 31,441 32,159 5,031 5.145 520,195 106.707 40.016 666,918 Objectiva l.. Objective 2.. Objective 3." Careers Communilies Societies 2023 2023 2023 Total funds 2023 Staff costs Depreciation Other Expenses Computer, Telephone & Internet Professional Costs Premise Costs Insurance Other Staff Expenses Fundraising costs 373,466 6,404 23, 129 37,823 17,809 21.080 3,494 14,370 23,280 55, 880 1,043 4, 126 6.374 3,172 3.819 621 2,552 4, 157 82,970 531 6, 123 10,380 4, 715 5, 699 928 3,807 6, 158 452.316 7,9T8 33,378 54,5T7 25, 696 30, 598 5,043 20, 729 33,595 460, 855 81.744 121,311 663,910 Page 37 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Audltors. remuneration 2024 2023 F8es payable to the Parent Charitls auditor for the audit of the Parent CharitVs annual accounts Fees payable to the Parent Charity's auditor in respecl of.. The preparation of the financial statements of the charivs subsidiaries Fees payable to the charitys auditor in respect of the auditing of accounts of the charitys subsidiary Consolidation and audit of the consolidated financial statements 10,000 9, 125 1,350 4,100 2,000 3, 750 14. Staff costs Parent Charity 2024 Parent Charily 2023 Group 2024 Gmup 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 1,197,274 125.628 1,061,639 170,932 1.197,274 125.628 1,061,639 110,932 55,328 109, 892 55,328 109, 892 1,378,230 1,282, 463 1,378,230 1,282,463 The average number of persons employed by the Parent Charity during the year was as follows.. Parent Charity 2024 Parenl Charity 2023 Group 2024 No. Group 2023 No. Staff excluding directors Directors 30 29 30 29 39 38 39 38 Page 38 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Staff costs (continued) The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2024 No. Group 2023 In the band £60,001- £70,000 In the band £70.001- £80,000 In the band £130.001- £140,000 In the band £140,001- £150,000 Apart from the trustees, who give their time freely, key management comprises the Chi8f Executive, the Head of Finance and the Head of Operations. Aggregate remuneration for key management amounted to £263,768 {2023. £290.167). 15. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024. no Trustee expenses have been incurred (2023- £NIL). Page 39 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Intangible assets Group and Parent Charlty Develop- ment Cost At 1 April 2023 1,265,321 At 31 March 2024 1,265,321 Amortisation Charge for the year 180,760 At 31 March 2024 180,760 Net book value At 31 March 2024 1,084.561 At 37 March 2Q23 1,265.321 My Blueprint For All is the Group's online platfom. The Trustees are of the opinion that it will have a useful life of 7 years and amortisation commences with the date on which it became operational, which was 31 MaKh 2023. Page 40 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Tangible fixed assets Group and Parent Charity Long4emi leasehold Fixtures and property fittlngs Computer equlpment Total Cost or valuation At 1 April 2023 Additions 2,000.000 92,650 13,609 86,594 21,648 2,179,244 35.257 At 31 March 2024 2,000,000 106,259 108,242 2.214.501 Depreciation At 1 April 2023 Charge for the year 238,000 34,000 47,263 .723 63,805 18,897 349,068 61,620 At 31 March 2024 272,000 55.986 82,702 410,688 Net book value At 31 March 2024 1,728,000 50,273 25,540 1,803,813 At 31 Ma￿h 2023 1. 762.000 45, 387 22, 789 q, 830, 176 Page 41 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Fixed asset investments Listed Investments Group Cost or valuation At 1 April 2023 Addltions Revaluations 985,471 1,039,500 199,968 At 31 M8rch 2024 2,224,939 Net book value At 31 March 2024 2,224,939 At 31 March 2023 985,471 Investments subsldlary Listed companies investments Total Parent Charlty Cost or valuation At 1 April 2023 Additions Revaluations 985,471 1,039.500 199.968 985,472 1,039,500 199,968 At 31 March 2024 2,224,939 2,224,940 Net book value At 31 March 2024 2,224,939 2,224,940 At 31 March 2023 985,471 985,472 Page 42 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Fixed asset investments l¢ontinued) Principal subsldlaries The following was a subsidiary undertaking of the Parent Charity.. Name Company number Registered office or principal Principal activlty place of business Building Inclusive Future5 Consulting Ltd 09160878 39 Brookmill Road, Deptford, London, SE8 4HU Management consultancy Class of shares Holding Included in onsolidation A Ordinary 100/ Yes The financial results of the subsidiary for the year were: Name Income Expenditure ProfiU(Loss) J Surplusl {Deficit) for the year Net assets Building Inclusive Futures Consulting Ltd 125,092 25,967 99,125 19. Debtors Parent Charity 2024 Parenl Chan'ty 2023 Group 2024 Group 2023 Due within one year Trade debtors Amounts owed by group undertakings Oth8r debtors Prepayments and accrued income 33.518 51,404 9,443 60,013 9,642 20,909 48.962 79,349 8,Y31 23, 655 8, 132 23. 664 21,153 64,314 83,200 99,707 160,097 Page 43 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Creditors: Amounts falling due wlthin one year Parent Charity 2024 Parent Ch8rity 2023 Group 2024 Group 2023 Trade credilors Amounls owed to group undertakings Other taxation and social security other creditors Accruals and deferred income 43,712 45, 367 44,732 45, 269 10,000 27,440 11,616 96, 934 38,783 15,907 70,519 27.440 11,616 100, 684 34,707 15,907 66,419 168,921 185, 107 161,765 191,259 Included in other creditors is £1 {2023'. £1) and included in trade cred¢tors is £1,020 (2023- Nil) owed to Ihe subsidiary, Building Inclusive Futures Consulting Ltd. The amounl is eliminated upon consolidatian. Parent Charity 2024 Parenl Charily 2023 Group 2024 Group 2023 Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 73.724 52,486 (73,724) 31.638 73. 724 (31,638) 73.724 52.486 (73.724) 31,638 73, 724 (31,638) 52,486 73, 724 52,486 73, 724 21. Financial instruments Parent Charlty 2024 Pa￿nI Ch917ty 2023 Group 2024 Group 2025 Financial assets Financial assets measured at fair value through income and expenditure 2,224,939 985,470 2,224,940 985,471 Financial assets measured at fair value through income and expenditure comprise the group's (which is the charity's) investment portfolio and the charity's investment in its subsidiary Page 44 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Statement of funds statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Gainsl (Losses) Income Expenditure Unrestricted funds General Funds 7,168,604 1,438,102 11,963,1541 199,968 6,843,520 Included in general funds is an amount of £1 (2023= (39,111)) which is held in a non-charitable trading subsidiary. Restricted funds Your Space- 39 Brookmill Road Other Tangible Assets My Blueprint for All Careers Communities Societies 1,327,640 16,234 405,771 220,174 447 (34,000) (3,922) 157,967) (744,405) (1,387) 1,293,640 12,312 347,804 185,167 41,460 9,104 709,398 42,400 9,104 1,979,370 751,798 (841,6811 1,889,487 Total of funds 9,147,974 2,189,900 {2,804,835) 199,968 8,733,007 Page 45 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Statement of funds (contlnued) Statement of funds- prior year Balance at l January 2023 Balance al 31 MarGh 2023 TransfE*rs in/out Income Expenditura Unrestrleted funds General Funds 6, 745,040 1,356,004 (856, 752) (75,688) 7, 168,604 Restricted funds Your Space - 39 Brookmill Road oth&r Tangible Assets My 8lueprinl For All Careers Communities Soci8ties 1,361.640 21,156 (34.000) (4,922) (75,688) (780,429) (115,223) (83, 878) 1,327. 640 16,234 405, 777 220, 174 447 405, 771 736,934 115,670 30,204 75, 688 263, 669 62, 778 9, 104 1, 709, 243 1.288,579 (t,094, 140) 75, 688 1,979,370 Total of funds 8,454, 283 2,644,583 (1,950,892J 9, 147.974 Page 46 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Statement of funds (continued) Reslricted Funds tied up in Your Space represent the chafltys headquarters at 39 Brookmill Road, Deptford. Olher restricted tangiblè fixed assets are assels related to the building. During the year, the charity also recevied restricted support for the creation of an online portal, My Blueprint For All. The charity divides its restricted programmes into three categori&s.' The Career Strand Programmes, the Societies Strands Programmes and the Communities Programmes, as follows: The Career Strand Programmes: The Building Futures Programme aims to provide career opportunities for 8AME and underrepresented afchitecture and BE hopefuls and to increase diversity and representation in the Built Environment sector. The Bursary Programme aims to provide bursaries for BAME andl or underprivileged students of defined areas: architecture, law and finan￿. Building Futures Scecondary aims to provide careers support and development far secondary students in fields of creative and enterpreneurial pathways and to provide training for teachers in these fields. The Building Futures at Risk aims to proivde personal development and creativel enterpreneurial career support for secondary studnets at risk of educational failure and/ or exclusion. The Building Futures Adults Programme aims to provide personal development and creativel enterpreneurial career support for secondary students at risk of educalional failure andl or exclusion. The Pathways to Professions Secondary Programme aims to proivde careers support and resources in all professional pathways for secondary students. The Pathways to Professions 6th Fomi Programme aims to provide careers support and resources in all professional pathways for sixth form studends in Lewishaml SE London, The Communittes Strand Porgammes: The Community Leadership Academy was set up to develop the skills for leadership amongst BAME identity led or high proportion beneficiary small and micro charities and community organisations. The LSL Sexual Health Partnership was set up to include and improve sex and relationship provision for BAME communities and stskeholders in Lambeth, Southwark and Lewisham. The Lewisham BME Ne￿Ork was set up to convene BME sector in Lewisham, share opportunities, delivery capacity building, improve representation in local council key meetings and improve connectivity with infrastructure organisations. The Societies Programmes.. DelFvering Differently was set up to continue programmes digitally with BF and School beneficiaries and to provide mental health and skills support in a new way. The Connecting People and Places Project was set up to share learning from phase 1 research and continue the heritage conversation with BAME communities UK wide in 3 media podcasts, exhibitions and a publication. Page 47 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2024 23. Analysis of net assets between funds Analysis of net assets between funds - current period Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 1,305,952 347,804 497,861 1,803,813 736,757 1,084,561 2,224,939 2,224,939 288,218 3,50D,397 3,788,615 (52,487) (116,434) 1168,921) Total 1,889.487 6,843,520 8,733,007 Analysis of net assets between funds - prior period Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 1,343,874 405, 777 486.302 1,830, 176 859.550 1,265.321 985,471 985,471 301.812 4, 950,300 5,252. 112 (72,087) (113,020) (785, 107) Total 1,979,370 7, 168, 603 9, 747,973 Page 48 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 24. Reconclliation of net movement in funds to net cash flow from operatlng activities Parent Charity 2024 PaTrnl Chanly 2023 Group 2024 Group 2023 Net incomelexpenditure for the period (as per statement of Financial Adivities) {414,967 693.690 (454,079) 732, 802 Adjustments for: Depreciation charges Amortisation charges (Gains)Ilosses on investments Dividends, interests and renls from investments Decrease in debtors Increa5el(decrea5e) in creditors Net cash provided byl(used in) operating activities 61,620 180,760 {199,968 55,206 61,620 180,760 {199,968) 55,20S 14,529 14.529 {143,504) 18,886 116,1851 (29.316) (143,504) 148,222 60,390 49.437 (29,493) (29,316) 102,930 58.659 (513,3581 931, 768 (524,274) 934,819 25. Analysls of cash and cash equivalents Parent Charty 2024 Pa￿nt Charity 2023 Group 2024 Group 2023 Cash in hand 3,724,302 5, 168,914 3,681,750 5, 137,280 Total cash and cash equivalents 3,724,302 5,168,914 3.681,750 5, 137,280 26. Analysis of changes In net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 5.168,912 (1.444,611) 3,724,301 5,168,912 (1,444,611) 3,724,301 Page 49 BLUEPRINT FOR ALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 27. Related Party Transactions During the year, the ¢harty accrued £Nil (2023.. £75,099) for services and staff proivded trj the subsidiary, Building Inclusive Futures Consulting Ltd. At the year end. the chartywas owed £58.993 (2023.. £69,349) by the subsidiary. During the year, the charity pledged to make a gift aid donation of £60,013 {2023'. nil) to the parent, which is included in the intercompany balance of £58,993. All inlercompany balances are interest free and repayable on demand. Page 50