on on arity Annual Report and Financial Statements 2020/21
The Eikon Charity Inspiring young people. transforming lives Iv."
The Eikon Charity Chair and CEO'S overview of the year We will remember 2020121 as a year when The Eikon Charity had to respond to significant challenges on many fronts. Children and young people were among those worst affected by the COVID-19 pandemic. Many suddenly found themselves locked down in confined and often difficult situations, with little or no outside support. Isolation can have ¥,a significant negative impact on a young person's wellbeing and mental Ihealth, and we saw a dramatic spike in the number of children and young people needing our support. Faced with this tidal wave of need, we were overwhelmed by the sheer level of dedication, creativity, and innovation our employees and volunteers displayed to connect with at-risk young people, including providing meals, dropping off Easter eggs, walking dogs when restrictions allowed, and creating a unique virtual youth club environment. Our employees and volunteers made many personal sacrifices and devoted themselves wholeheartedly to the cause of supporting young people throughout an exceptional and unprecedented year.
rtandF al Stat ts 202m1 Ethical fundraising Vulnerable people We receive generous support fro and organisations who share our vision of empowering and supporting young people in Surrey to have the wellbeing and resilience that they need to thrive. We strive to meet or exceed the expectations of all our donors, funders and fundraisers, ensuring that everything we do is open, honest, respectful, fair and legal. uals In recruiting employe ers, and other volunteers, we look for people who will be able to identify vulnerability in someone they are in contact with. This is crucial to us as a charity that works with children and youns people, many of whom are vulnerable. un All employees and volunteers undergo compulsory safeguarding training, which helps them to consider whatvulnerability means, to recognise it, and to take action to protect vulnerable young people. We are registered with the Fundraising Regulator, follow the Code of Fundraising Practice, and are committed to the Fundraising Promise. In 2020121 we were fully compliant with the regulatorfs codes. We received no complaints during the year. This also helps them recognise vulnerability in someone in a fundraising context, whose financial, mental, or age-related capacity to donate or fundraise may mean we need to treat them as a vulnerable adult. We do not usethird-paty professional fundraisers, and never engage in prattices such as telephone. door-to-door, or other face-to-face fundraising methods. Our fundraising/giving software system allows us to flag individuals as vulnerable and ensure they are not contacted with any requests for financial support. We did not work with any commercial participators during the year. All our fundraising policie5 are reviewed every two years bythe board of trustees. 23
nual eport tateme ts 2020121 51
| Total | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| General | Designated | unrestricted | Restricted | funds | funds | ||
| Notes | funds | funds | funds | funds | 2021 | 2020 | |
| E | |||||||
| Income and endowments | |||||||
| Donations and legacies |
3 | 443,003 | 390,000 | 833,003 | 317,382 | 1,150,385 | 545,865 |
| Charitable activities |
4 | 1,343,012 | 1,343,012 | 1,343,012 | 1,265,910 | ||
| Investment income |
11 | 2,395 | 2,395 | 2,395 | 2,678 | ||
| Total income | 1,788,410 | 390,000 | 2,178,410 | 317,382 | 2,495,792 | 1,814,453 | |
| Expenditure | |||||||
| Raising funds | 5 | 121,928 | 121,928 | 121,928 | 123,903 | ||
| Charitable activities |
6 | 1,526,311 | 17,539 | 1,543,850 | 336,113 | 1,879,963 | 1,771,438 |
| Total expenditure | 1,648,239 | 17,539 | 1,665,778 | 336,113 | 2,001,891 | 1,895,341 | |
| Net income/(expenditure) | |||||||
| before investments | |||||||
| gain/(loss) | 140,171 | 372,461 | 512,632 | (18,731) | 493,901 | (80,888) | |
| Net (loss)/gain on investments |
(753) | (753) | (753) | 787 | |||
| Net income/(expenditure) | |||||||
| after investments gain/(loss) |
139,418 | 372,461 | 511,879 | (18,731) | 493,148 | (80,101) | |
| Transfers between funds | |||||||
| Net movement in funds |
139,418 | 372,461 | 511,879 | (18,731) | 493,148 | (80.101) | |
| Reconciliation offunds |
|||||||
| Total funds brought forward | |||||||
| 1 April 2020 | 230,482 | 70,154 | 300,636 | 124,438 | 425,074 | 505,175 | |
| Total funds carried forward | |||||||
| 31 March 2021 | 369,900 | 442,615 | 812,515 | 105,707 | 918,222 | 425,074 |
| Total | Total | |||
|---|---|---|---|---|
| Notes | 2021 | 2020 | ||
| 6 | 6 | |||
| Fixed assets | ||||
| Tangible assets | 10 | 52,615 | 70,154 | |
| Investments | 11 | 55,654 | 56,407 | |
| Total fixed assets | 108,269 | 126,561 | ||
| Current assets | ||||
| Debtors | 12 | 65,163 | 151,232 | |
| Cash at bank and in | hand | 1,037,512 | 519,297 | |
| Total current assets | 1,102,675 | 670,529 | ||
| Liabilities | ||||
| Creditors: Amounts | falling due within one year | 13 | (292,722) | (372,016) |
| Net current assets | 809,953 | 298,513 | ||
| Total net assets | 918,222 | 425,074 | ||
| Funds ofthe charity | ||||
| General funds | 15 | 369,900 | 230,482 | |
| Designated funds |
15 | 442,615 | 70,154 | |
| Total unrestricted | funds | 812,515 | 300,636 | |
| Restricted funds | 15 | 105,707 | 124,438 | |
| Total funds | 918,222 | 425,074 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 5 | 6 | |||||
| Cash flows from operating activities | ||||||
| Net income/(expenditure) for the |
year | 493,148 | (80,101) | |||
| Adjustments for |
||||||
| Depreciation | 17,539 | 25,694 | ||||
| Losses/(gains) on revaluation |
ofinvestments | 753 | (787) | |||
| Losses on sale offixed | assets | 3,414 | ||||
| Decrease in debtors |
86,069 | 201,950 | ||||
| (Decrease) in creditors | (79,294) | (279,773) | ||||
| Net cash | provided by/(used in) |
operating activities |
518,215 | (129,603) | ||
| Cash flows from/(to) investing |
activities | |||||
| Proceeds ofsale oftangible | fixed assets | 3,000 | ||||
| Net cash | from/(to) investing activities |
3,000 | ||||
| Changes | in cash and cash equivalents | in | the year | 518,215 | (126,603) | |
| Net cash | and cash equivalents at |
the start ofthe year | 519,297 | 645,900 | ||
| Net cash | and cash equivalents | at the | end ofthe year | 1,037,512 | 519,297 |
| ~ ~ . | ~ | . | ~ | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||
| 6 | 6 | 6 | 6 | ||||
| Donations | 273,266 | 26,928 | 300,194 | 207,226 | |||
| Grants | 532,308 | 290,454 | 822,762 | 240,670 | |||
| Fundraising | events | 27,429 | 27,429 | 97,969 | |||
| 833,003 | 317,382 | 1,150,385 | 545,865 |
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Community based youth work |
16,995 | ||||
| Local prevention | 150,664 | ||||
| Ivlental | health services income | 1,243,289 | 1,243,289 | 1,008,801 | |
| Schools | income | 99,723 | 99,723 | 89,450 | |
| 1,343,012 | 1,343,012 | 1,265,910 |
| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Staff | costs | 98,195 | 98,195 | 43,137 | ||
| Other | direct | costs | 23,733 | 23,733 | 80,766 | |
| 121,928 | 121,928 | 123,903 |
| Mental | |||||||
|---|---|---|---|---|---|---|---|
| Youth | health | Organisational | Total | ||||
| workf | work 6 |
support 6 |
Total 2021 6 |
2020 6 |
|||
| Staff costs | 343,541 | 265,790 | 300,005 | 909,336 | 926,416 | ||
| Activities undertaken | directly | 27,448 | 825,811 | 853,259 | 731,307 | ||
| Premises costs allocated | 14,371 | 12,992 | 21,435 | 48,798 | 29,150 | ||
| Support costs allocated | 25,875 | 14,364 | 13,476 | 53,715 | 70,192 | ||
| Governance | (see note | below) | 14,855 | 14,855 | 14,373 | ||
| 411,235 | 1,118,957 | 349,771 | 1,879,963 | 1,771,438 | |||
| Governance | 2021 | 2020 | |||||
| 6 | 6 | ||||||
| Audit | 5,203 | 6,360 | |||||
| Staff costs | 9,652 | 7,063 | |||||
| Trustees' expenses | 950 | ||||||
| 14,855 | 14,373 |
| senior management team. The total remuneration and b E230,135(2020;E221,556). |
enefits received by key management perso |
nnel was |
|---|---|---|
| 2021 | 2020 | |
| E | E | |
| Staff costs were as follows: | ||
| Wages and salaries | 914,386 | 877,668 |
| Social security costs | 75,869 | 75,334 |
| Pension costs | 26,928 | 23,614 |
| Total staff costs | 1,017,183 | 976,616 |
| year was a | s follows: | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Average | Average | ||||||
| no. | FTE no. | no. | FTE no. | ||||
| Fundraising | 3.8 | 2.0 | 1.5 | 0.9 | |||
| Charitable | activities | 33.3 | 22.3 | 37.6 | 23.9 | ||
| Governance | 0.1 | 0.1 | |||||
| Other | 12.3 | 7.3 | 9.3 | 5.8 | |||
| Average number ofemployees |
employed | during the year: | 49.4 | 31.7 | 48.4 | 30.7 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | 6 | |||
| Costs ofthe scheme to the | charity for the | year | 24,386 | 21,514 |
| Amount ofany contributions | outstanding | atthe year end | 2,542 | 2,100 |
| 26,928 | 23,614 |
| ~ ~ - - ~ |
|||
|---|---|---|---|
| Office | |||
| furniture | |||
| Portakabin/ | and | ||
| upgrades | equipment | Total | |
| 5 | 5 | 6 | |
| Cost | |||
| At 1 April 2020 | 175,384 | 2,818 | 178,202 |
| At 31 March 2021 | 175,384 | 2,818 | 178,202 |
| Depreciation | |||
| At 1 April 2020 | 105,230 | 2,818 | 108,048 |
| Charge for year | 17,539 | 17,539 | |
| At 31 March 2021 | 122,769 | 2,818 | 125,587 |
| Net book value | |||
| At 31 March 2020 | 70,154 | 70,154 | |
| At 31 March 2021 | 52,615 | 52,615 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 5 | E | |||
| Cost | ||||
| At 1 April | 2020 | 56,407 | 55,620 | |
| (Loss)/gain | on revaluation | (753) | 787 | |
| At 31 March | 2021 | 55,654 | 56,407 | |
| Investment | income | 5 | ||
| Bank deposit income | 1,067 | 947 | ||
| Dividend | income | 1,328 | 1,731 | |
| 2,395 | 2,678 |
| ~ - ~ | ~ | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Due within one year: | 6 | 6 | ||
| )rade debtors | 43,559 | 53,159 | ||
| Other debtors | 11,253 | 71,708 | ||
| Prepayments | 8,235 | 15,954 | ||
| Accrued | income | 2,116 | 10,411 | |
| 65,163 | 151,232 | |||
| ~ | ~ | |||
| 2021 | 2020 | |||
| Amounts | falling due within one year: | E | 6 | |
| )rade creditors | 53,197 | 32,021 | ||
| Other creditors | 5,931 | 5,599 | ||
| Accruals | 89,721 | 122,443 | ||
| Deferred income | (see note 14) | 84,073 | 191,601 | |
| Social security and other taxes | 59,800 | 20,352 | ||
| 292,722 | 372,016 | |||
| ~ | - ~ | ~ | ||
| 2021 | 2020 | |||
| 6 | 6 | |||
| Balance | at 1 April 2020 | 191,601 | 425,693 | |
| Income | deferred | 717,860 | 589,636 | |
| Income | released | to SOFA | (825,388) | (823,728) |
| Balance | at 31 March 2021 | 84,073 | 191,601 |
| Other | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 April | gains and | At 31 March | |||||||||
| 2020 | Income | Transfers | (losses) | Expenditure | 2021 | ||||||
| E | E | E | E | E | E | ||||||
| Unrestricted funds |
|||||||||||
| General funds | 230,482 | 1,788,410 | (753) | (1,648,239) | 369,900 | ||||||
| Designated | |||||||||||
| funds | |||||||||||
| Portakabin | depreciation | 70154 | (17,539) | 52,615 | |||||||
| Investment | fund | 390,000 | 390,000 | ||||||||
| Total designated | funds | 70,154 | 390,000 | (17,539) | 442,615 | ||||||
| Total | unrestricted | funds | 300,636 | 2,178,410 | (753) | (1,665,778) | 812,515 | ||||
| Restricted funds | |||||||||||
| Youth work | —communities | 18,135 | 125,244 | (92,994) | 50,385 | ||||||
| Youth work | —schools | 62,098 | 44,362 | (86,728) | 19,732 | ||||||
| Youth work | —Smart Moves | 6,705 | (6,705) | ||||||||
| Mental health | work | 2,500 | 50,000 | (52,500) | |||||||
| Development | 25,000 | 25,000 | (25,000) | 25,000 | |||||||
| Support costs | 10,000 | 72,776 | (72,186) | 10,590 | |||||||
| Total | restricted | funds | 124,438 | 317,382 | (336,113) | 105,707 | |||||
| Total | funds | 425,074 | 2,495,792 | (753) | (2,001,891) | 918,222 | |||||
| ~ | ~ | ||||||||||
| Unrestricted | Designated | Restricted | |||||||||
| funds | funds | funds | Total | ||||||||
| E | E | E | E | ||||||||
| Fixed assets | 55,654 | 52,615 | 108,269 | ||||||||
| Current assets | 606,968 | 390,000 | 105,707 | 1,102,675 | |||||||
| Current liabilities |
(292,722) | (292,722) | |||||||||
| Long-term liabilities |
|||||||||||
| 369,900 | 442,615 | 105,707 | 918,222 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| General | Designated | unrestricted | Restricted | Total funds | funds | |
| funds | funds | funds | funds | 2020 | 2019 | |
| E | E | E | E | E | E | |
| Income and endowments | ||||||
| Donations and legacies |
281,581 | 281,581 | 264,284 | 545,865 | 361,308 | |
| Charitable activities |
1,195,910 | 1,195,910 | 70,000 | 1,265,910 | 1,318,848 | |
| Investment income |
2,678 | 2,678 | 2,678 | 2,598 | ||
| Total income | 1,480,169 | 1,480,169 | 334,284 | 1,814,453 | 1,682,754 | |
| Expenditure | ||||||
| Raising funds | 123,903 | 123,903 | 123,903 | 129,304 | ||
| Charitable activities |
1,333,357 | 25,694 | 1,359,051 | 412,387 | 1,771,438 | 1,638,344 |
| Total expenditure | 1,457,260 | 25,694 | 1,482,954 | 412,387 | 1,895,341 | 1,767,648 |
| Net income/(expenditure) | ||||||
| before investments | 22,909 | (25,694) | (2,785) | (78,103) | (80,888) | (84,894) |
| gain/(loss) | ||||||
| Net loss on investments | 787 | 787 | 787 | (1,456) | ||
| Net income/(expenditure) after investments gain/(loss) |
23,696 | (25,694) | (1,998) | (78,103) | (80,101) | (86,350) |
| Transfers between funds | 6,414 | (6,414) | ||||
| Net movement in funds |
30,110 | (32,108) | (1,998) | (78,103) | (80,101) | (86,350) |
| Reconciliation offunds |
||||||
| Total funds brought forward 1 April 2019 |
200,372 | 102,262 | 302,634 | 202,541 | 505,175 | 591,525 |
| Total funds carried forward 31 March 2020 |
230,482 | 70,154 | 300,636 | 124,438 | 425,074 | 505,175 |