2023-03-31-accounts - 100 Black Men Of London

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100 Black Men OF London

Charity No. 1105904

Trustees' Report and Unaudited Accounts

31 March 2023

100 Black Men OF London Contents

	Pages
Trustees' Annual Report	2 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Statement of Cash flows	9 to 15
Notes to the Accounts	16
Detailed Statement of Financial Activities	17 to 18

Page 1

100 Black Men OF London Trustees Annual Report

100BMOL

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 04200429 Charity No. 1105904 Registered Office

Can Mezzanine 7 -14 Great Dover Street London SE1 4YR

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Directors of Corporate Trustees

O. Oyalegan K. G. Dube N. F. Willis

Accountants

Stuart Salvara 100BMOL 7-14 Great Dover Street

London SE1 4YR

Bankers

HSBC

OBJECTIVES AND ACTIVITIES

The charity's objectives are to advance the education of the public, in particular by the provision of facilities for mentoring of young people in the teaching of appropriate life skills in preparation for adulthood and to promote the preservation and protection of the good health of the community, in general, by the provision of information, advice and other charitable forms of support. The charity aims to empower the young people and parents on our programmes to become economic and moral shareholders in their communities.

To achieve these objectives, the Charity operates a number of programmes and community events focused on their four key areas of concern, namely Mentoring, Education, Economic Empowerment, Health & Wellness. These are underpinned by Leadership Development.

Entrepreneurship
High self-esteem
Awareness of the importance of good health and nutrition
Peer mentoring

Page 2

100 Black Men OF London

Trustees Annual Report

Money management skills
Conflict resolution
Effective communication
Leadership

We also seek to provide leadership within our community by advocating and educating the public on matters of particular concern to the community, including health & wellness, economic empowerment and leadership.

Our programmes and activities that we deliver enable us to achieve our objectives: Life skills fortnightly Community Mentoring Programme for children and parents. Workshops on black history, economic empowerment, health & wellness, public speaking and leadership. Plus educational films and trips to museums.

ACHIEVEMENTS AND PERFORMANCE

The organisation was kept busy this year by an increased demand in services as compared to previous years. The Creating Opportunities series was expanded, with visits to businesses and some corporate headquarters in London where more young people were exposed to new career opportunities and positive experiences to inspire and show them better options in life and prevent or turn them away from knife crime, child criminal exploitation, postcode wars and gang involvement. Under this educative project the Mentees visited the Amazon Web Services where they saw firsthand how a robust information services consultancy system works and careers it attracts.

Our Mentees represented the London chapter at the international conference of 100 Black Men in Las Vegas in June and the Mentees ambassadors’ verbal presentation at Conference was an inspiration in light of their ages. They shared their story with poise and character, which lit up the room, gave a good account of themselves with confidence and great testament to the work of the 100 Black Men of London. Parents and mentors were so proud of what they had achieved but most proud were the Mentees. The Mentees also spent a week on an exchange program at Atlanta where they exchanged knowledge and ideas with their American counterparts, made new connections. and generally, broaden their horizon.

We have now re-launched our popular Education Through Film (ETF) event due to popular demand, the events delivered so far were completely sold out and the feedback received from both young and old attendees were quite encouraging in terms of values instilled and lessons learnt. We remain committed to building enduring relationships and to collaborating with well-meaning individuals and organisations in the community and we have now established new and productive relationships with University College London, Prostate Cancer UK, National Theatre, The Young Vic theatre and Niburu London amongst others. Alongside our current relationships which we value and intend to nurture with Sony Playstation, we are also exploring potential relationships with Barclays, Accenture, Amazon, Blackrock UK and a few more in the pipeline. These relationships are vital to allow us to provide future benefits to our young Mentees, Parents, Volunteers, Members and the London communities we serve.

Page 3

100 Black Men OF London

Trustees Annual Report

Our Education pillar was reinvigorated and the team has been delivering impactful life changing events to the community, which include the Career and Skills Insight Day where Mentees were well informed about the requirements needed for various careers such as the British Army, solicitor, architect, medical doctor, train driver, engineer, customer services, social workers, and exposed to guest presenters from different industries and organisations who took the Mentees through their career own career path. Our Graduation is always something remarkable to look up to and a main highlight of the year! It took place at University College London IOE Campus London. At the end of our community mentoring programme, we celebrated the Mentees for their growth, passion and dedication to wanting to better themselves by completing the programme.

It presented yet another opportunity for the Mentees to showcase their talents as they further demonstrated that they are indeed Diamonds in their eyes and able to shine bright on any platform provided to them. A lot of children and families increasingly need our charitable services and respond positively to the support we provide. However, funds continue to dwindle while the cost of staying charitable soars. As we still need to keep the lights on, we can’t do it alone so we always need the London community to continuously support and work with us.

In London we feel too many talented young people have gone astray, too many young lives have been cut short or adversely impacted by negative role models or a lack of positive influences, absent parents, poverty, knife crime, drugs, postcode wars, gang activity, truancy and other antisocial or behavioural issues which need to be tackled root and branch with all hands-on deck. So, we are always looking to collaborate with other organisations out there that wish to see positive and sustainable changes in the London community. Our doors are always open for synergistic collaborations because together we can make our youths of London value-added youths as desired, create enduring change, and make London a safer place to be proud of.

FINANCIAL REVIEW

Financial Update: Income for the year was £127,921 with an expenditure of £41,120 giving a net income of £86,801. A reduction of £109,690 compared to previous year. As at 31st March the reserves have increased to £418,047 from £331,246.

Reserves Policy

Reserves are held to meet future activities and we are always seeking to maximise them so that we can deliver more services. We plan to enhance our fundraising activities so that we can in turn increase our services to the community we serve.

Going Concern: The 100 Black Men is a going concern and is adequately resourced to continue its operational existence.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution: 100 Black Men of London is registered as a charity with the Charity Commission. No director has any beneficial interest in the charitable company.

Method of appointment or election of Trustees

Under the governing Articles, the Trustees are elected at the Annual General Meeting to serve a period of two years, subject to re-election every two years at the January Annual General Meeting. Trustees are recruited from the local community and are divided into those who bring expertise to the organisation and those with wider organisational skills such as business and finance. All Trustees retire at the Annual General Meeting and are eligible for re-election.

Policies adopted for the induction and training of Trustees

Page 4

100 Black Men OF London

Trustees Annual Report

All new Trustees were provided with information about the Charity and attended an induction meeting with relevant staff.

Organisational structure and decision making

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

All Trustees are volunteers. There are no paid Directors. The Board of Executives is responsible for decisions relating to the governance and future development of the organisation. The Board of Executives is responsible for all day-to-day organisational work, including ongoing financial management, operational direction, fundraising and management of volunteers and members.

Signed on behalf of the charity's trustees

O. Oyalegan Trustee 31 March 2023

Page 5

100 Black Men OF London Independent Examiners Report

Independent Examiner's Report to the trustees of 100 Black Men OF London

I report to the trustees on my examination of the financial statements of 100 Black Men OF London for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Titus Ayodele FAIA/IFA Julius and Julius and Associates LLP 70 Clapton Square London

E5 8HW 31 March 2023

Page 6

100 Black Men OF London Statement of Financial Activities

for the year ended 31 March 2023

Unrestricted funds	Restricted funds	Total funds	Total funds
2023	2023	2023	2022
£	£	£	£

118,756	7,402	126,158	54,832
3	98	101	171,860
1,662	-	1,662	21
120,421	7,500	127,921	226,713

853	-	853	1,492
426	-	426	7,680
39,841	-	39,841	21,051
41,120	-	41,120	30,223
-	-	-	-
79,301	7,500	86,801	196,490
(130,682)	130,682	-	-
(51,381)	138,182	86,801	196,490

(51,381)	138,182	86,801	196,490

278,931	52,315	331,246	134,756
227,550	190,497	418,047	331,246

Page 7

100 Black Men OF London Balance Sheet

at 31 March 2023

Charity No. 1105904 Current assets Debtors 10 Cash at bank and in hand Creditors:Amount falling due within one year 11 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 12 Restricted income funds Unrestricted funds 12 General funds Reserves 12 Total funds	2023 £ - 418,762 418,762 (715) 418,047 418,047 418,047 418,047 190,497 190,497 227,550 227,550 418,047	2022 £ 80,000 253,341
		333,341 (2,095)
		331,246 331,246
		331,246
		331,246
		52,315
		52,315 278,931
		278,931
		331,246

Approved by the trustees on 31 March 2023

And signed on their behalf by:

O. Oyalegan Trustee 31 March 2023

Page 8

100 Black Men OF London Notes to the Accounts

for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

100 Black Men OF London Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

100 Black Men OF London

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

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100 Black Men OF London

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations and legacies Membership fees 4 Income from charitable activities Fundraising Grants	Unrestricted £ 118,756 - 118,756 Unrestricted £ 3 - 3	Unrestricted funds 2022 £ 54,832 171,860 21 226,713 1,492 7,680 21,051 30,223 196,490 196,490 196,490 82,441 278,931 Restricted £ - 7,402 7,402 Restricted £ 98 - 98	Restricted funds 2022 £ - - - - - - - - - - - 52,315 52,315 Total 2023 £ 118,756 7,402 126,158 Total 2023 £ 101 - 101	Total funds 2022 £ 54,832 171,860 21
				226,713 1,492 7,680 21,051
				30,223
				196,490
				196,490
				196,490 134,756
				331,246
				Total 2022 £ 47,007 7,825
				54,832
				Total 2022 £ 30,423 141,437
				171,860

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100 Black Men OF London Notes to the Accounts

5 Other income

Unrestricted £ 1,662 1,662	Total 2023 £ 1,662 1,662	Total 2022 £ 21
		21

Unrestricted £ 40 813 853 Unrestricted £ 426 - - 426 Unrestricted £ 723 13,126 11,328 1,224 6,439 7,001 39,841	Total 2023 £ 40 813 853 Total 2023 £ 426 - - 426 Total 2023 £ 723 13,126 11,328 1,224 6,439 7,001 39,841	Total 2022 £ 1,074 418
		1,492
		Total 2022 £ 3,500 1,780 2,400
		7,680
		Total 2022 £ - 5,365 8,246 1,036 5,614 790
		21,051

Page 13

100 Black Men OF London

Notes to the Accounts

9 Staff costs

of £60,000.	2023 4,984 4,984 2023 £ - - 2023 £ (925) (843) 1,273		2022 -
			-
			2022 £ 80,000
			80,000
			2022 £ (388) - 1,273
	1,210		1,210
Incoming resources (including other gains/losses) £ 7,500 7,500 120,421 127,921	715 Resources expended £	Gross transfers £ 130,682 130,682 (130,682) - Unrestricted funds £ 418,047 418,047	2,095
			At 31 March 2023 £ 190,497
	-
	- (41,120) (41,120)
			190,497
			227,550
			418,047
			Total £ 418,047
			418,047

Page 14

100 Black Men OF London Notes to the Accounts

14 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 April 2022 £	Cash flows £	At 31 March 2023 £
	253,341	165,421	418,762
	253,341 253,341	165,421 165,421	418,762
			418,762

Page 15

100 Black Men OF London Statement of Cash flows for the year ended 31 March 2023

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ 86,801 (1,662) 80,000 (843) 164,296 1,662 1,662 - 165,958 253,729 419,687	2022 £ 196,490 (21) (80,000) 1
		116,470 21
		21

		-

		116,491
		137,238
		253,729

Components of cash and cash equivalents
Cash and bank balances	418,762	253,341
Bank overdrafts	925	388

	419,687	253,729

Page 16

100 Black Men OF London Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from: Donations and legacies Donations and legacies Membership fees Charitable activities Fundraising Grants Other Bank interest received Total income and endowments Expenditure on: Costs of generating donations and legacies Membership costs Costs of other trading activities Fundraising costs Total of expenditure on raising funds Charitable activities Charitable project Workshop costs The Building- GoFundMe Total of expenditure on charitable activities Other expenditure Branding Employee costs Salaries/wages Staff refreshment Staff training Staff Volunteer costs	Unrestricte d funds 2023 £ 118,756 - 118,756 3 - 3 1,662 1,662 120,421 40 40 813 813 853 426 - - 426 426 723 723 4,984 7,919 - 223 13,126	Restricted funds 2023 £ - 7,402 7,402 98 - 98 - - 7,500 - - - - - - - - - - - - - - - - -	Total funds 2023 £ 118,756 7,402 126,158 101 - 101 1,662 1,662 127,921 40 40 813 813 853 426 - - 426 426 723 723 4,984 7,919 - 223 13,126	Total funds 2022 £ 47,007 7,825
				54,832
				30,423 141,437
				171,860
				21
				21
				226,713 1,074
				1,074
				418
				418
				1,492 3,500 1,780 2,400
				7,680
				7,680 -
				-
				- 1,450 315 3,600
				5,365

Page 17

100 Black Men OF London

Detailed Statement of Financial Activities

Motor and travel costs Travel and subsistence Event and trip Premises costs Rent Hall and storage costs General administrative costs, including depreciation and amortisation Bank charges General insurances Advertisement and promotional Office/General Admin costs Software, IT support and related costs Stationery, printing and postages Branding Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	732 10,596 11,328 180 1,044 1,224 115 948 1,490 160 977 - 1,629 1,120 6,439 - 350 6,651 7,001 39,841 41,120 - 79,301 (130,682) (51,381) - (51,381) 278,931 227,550	- - - - - - - - - - - - - - - - - - - - - - 7,500 130,682 138,182 - 138,182 52,315 190,497	732 10,596 11,328 180 1,044 1,224 115 948 1,490 160 977 - 1,629 1,120 6,439 - 350 6,651 7,001 39,841 41,120 - 86,801 - 86,801 - 86,801 331,246 418,047	366 7,880
				8,246
				180 856
				1,036
				48 - 1,111 426 2,065 103 - 1,861
				5,614
				490 300 -
				790

				21,051
				30,223 -
				196,490 -
				196,490 -
				196,490
				134,756
				331,246

Page 18