2022-03-31-accounts - The Eikon Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

eikon helping young people in Surrey The Eikon Chapity Annual Report and Financial Statements 2021122

~	About The Eikon Charity
~	Being a young person today
~	Chair and CEO's reflections		10
~	Our year at aglance		13
~	Activities and performance		15
~	Fundr aising highlights		39
~	Plans for the future		42
~	Governance, structure and	management	44
~	Key risks and uncertainties	disclosures
~	Trustees' report and accounts for the year ended 31March 2022		51
~	Independent auditor's report to the member sofThe Eikon Char ity		54
~	Statement offinancial activities for the year ended 31Mar ch 2022		58
~	Balance sheet as at 31March 2022		59
~	Statement ofcash flows for	the year ended 31March 2022	60
~	Notes to the financial statements for the year ended 31March 2022		61
~	Special thanks		70

ow 25

Risk Title	Risk description		Key controls/actions to reduce/
			mitigate this risk
Deliver For	Death/sei ious injury and/oi		~ Clear and documented policies and
Young People—	critical incident involving	a	procedures that are well known, used, and
Service Critical	young per son who Eikon is		continuously improved
Incident	supporting/has suppor ted/
	ls waiting to support; ser ious complaint against		~ Refer ral types, complexity, and seventy that are accepted
	a member ofthe Eikon deyvery team.		~ Clai ity ofwaiting list, safeguai ding, risk management, and escalation processes and
			procedures
			~ Compi ehensive safeguai ding ti aining and
			development, and cynical super vision
Deliver for	Failure ofcontr act		~ Ensure close participation in and support
Young People	governance, management		for the Surrey Wellbeing Partnership (SWP)
—Contract and System	and/oi service deliver y.		~ Independent evaluation ofSWP services to
Management			demonsti ate incr easing impact
			~ Clear and accountable service deyver y
			plans with SMART pi actitioner objectives
			for delivery
			~ Subsequent year planning taking into
			account current and past year experiences
Support People	Pohcy and procedural		~ Update the char ity's business continuity
—Organisational	awareness: lack of		procedure to ensur ecover for extended
and Operational Governance	awareness/under standing ofpolicies and procedural		absence ofkey personnel (e.g. CEO)
	management due to staff		~ Introduce performance oversight via a
	turnover; pressures of		performance management framework
	other work leading to policies and procedures		~ Robust training and development programmes to ensure leadership/
	not being followed putting the organisation, young		management capabiyty
	people, employees, and/or		~ Ensure comprehensive, relevant induction,
	volunteers at risk.		awai eness and iefiesh ti aining for all
			employees and volunteer s, par ticularly
			when policy changes occur

	RMMMMMIII	RMMMMMIII	RMMMMMIII	RMMMMMIII	RMMMMMIII	RMMMMMIII	RMMMMMIII
		E	E
Income and endowments
Donations and legacies	3	329,151		329,151	201,880	531,031	1,150,385
Charitable activities	4	1,302,485		1,302,485		1,302,485	1,343,012
Investment income	11	5,085		5,085		5,085	2,395
Total income
Expenditure
Raising funds	5	178,901		178,901		178,901	121,928
Charitable activities	6	1,464,403	17,538	1,481,941	156,810	1,638,751	1,879,963
Total expenditure
Net income/		(6,583)	(17,538)	(24,121)	45,070	20,949	493,901
(expenditure) before
investments gain/(loss)
Net loss on investments	11	(1,657)		(1,657)		(1,657)	(753)
Net income/		(8,240)	(17,538)	(25,778)	45,070	19,292	493,148
(expenditure) after
investments gain/(loss)
Transfers between funds
Net movement in funds
Reconciliation offunds
Total funds brought		369,900	442,615	812,515	105,707	918,222	425,074
forward 1 April 2021
Total funds carried
forward 31March 2022

Fixed assets
Tangible assets		10	35,077	52,615
Investments		11	53,997	55,654
Total fixed assets
Current assets
Debtors		12	96,123	65,163
Cash at bank and in	hand		1,005,615	1,037,512
Total current assets
Liabilities
Creditors: amounts	falling due within one year	13	(253,298)	(292,722)
Net current assets
Total net assets
Funds ofthe charity
General funds		15	361,660	369,900
Designated funds		15	425,077	442,615
Total unrestricted	funds
Restricted funds		15	150,777	105,707
Totalfunds

					MR%~	MR%~
Cash flows from operating		activities
Net income for the year
Adjustments for
Depreciation					17,538	17,539
Losses on revaluation	ofinvestments				1,657	753
(Increase)/decrease in	debtors				(30,960)	86,069
(Decrease) in creditors					(39,424)	(79,294)
Net cash (used in)/provided		by	operating activities
Changes in cash and cash	equivalents			in the year	(31,897)	518,215
Net cash and cash equivalents		at	the start ofthe year		1,037,512	519,297
Net cash and cash equivalents			at the end ofthe year

	6		6	6
Donations	237,912	57,261	295,173	300,194
Grants	64,217	144,619	208,836	822,762
Fun draising events	27,022		27,022	27,429
	329,151	201,880	531,031	1,150,385

4.Income from	charitable	activities
	RIEREERRRER~
	6	6	6	6
Mental health services income	1,181,443		1,181,443	1,243,289
Schools income	121,042		121,042	99,723
	1,302,485		1,302,485	1,343,012

			6	6	6
Staff	costs		129,564	129,564	98,195
Other	direct	costs	49,337	49,337	23,733
			178,901	178,901	121,928

			ERR~~K!%%88	ERR~~K!%%88	ERR~~K!%%88	ERR~~K!%%88	ERR~~K!%%88
			6	6	6	6	E
Staff costs			262,833	699,888	401,855	1,364,576	909,336
Activities undertaken		directly	18,512	46,040		64,552	853,259
Premises costs allocated			3,284	17,736	9,352	30,372	48,798
Support costs allocated			19,669	51,451	86,616	157,736	53,715
Governance	(see table	below)			21,515	21,515	14,855
			304,298	815,115	519,338	1,638,751	1,879,963
Audit						8,109	5,203
Staff costs						13,406	9,652
Trustees' expenses
						21,515	14,855

Staff costs were as follows:
Wages and salaries	1,352,860	914,386
Social security costs	116,317	75,869
Pension costs	38,369	26,928
Total staff costs	1,507,546	1,017,183

				Average no.	FTE no.	Average no.	FTE no.
Fundraising				5.8	3.2	3.8	2.0
Charitable	activities			40.0	32.9	33.3	22.3
Governance					0.1		0.1
Other				14.5	9.9	12.3	7.3
Average number		ofemployees	employed	60.3	46.1	49.4	31.7
during the	year:

No.	No.
2	1

Costs ofthe scheme to the	charity for the	year	34,939	24,386
Amount ofany contributions	outstanding	atthe year end	3,430	2,542
			38,369	26,928

Cost
At 1 April 2021	175,384	2,818	178,202
At 31 March 2022	175,384	2,818	178,202
Depreciation
At 1 April 2021	122,769	2,818	125,587
Charge for year	17,538		17,538
At 31 March 2022	140,307	2,818	143,125
Net book value
At 31 March 2021	52,615		52,615
At 31 March 2022	35,077		35,077

Cost
At 1 April 2021	55,654	56,407
(Loss) on revaluation	(1,657)	(753)
At 31 March 2022	53,997	55,654
Investment income	E	E
Bank deposit income	3,664	1,067
Dividend income	1,421	1,328
	5,085	2,395

Due within one year:
Trade debtors	77,425	43,559
Other debtors	750	11,253
Prepayments	12,945	8,235
Accrued income	5,003	2,116
	96,123	65,163

Amounts falling due within one year:	5	6
Trade creditors	35,986	53,197
Other creditors	8,137	5,931
Accruals	34,244	89,721
Deferred income (see note 14)	144,657	84,073
Social security and other taxes	30,274	59,800
	253,298	292,722

		5	5
Balance	at 1 April 2021	84,073	191,601
Income	deferred	1,074,989	717,860
Income	released to SOFA	(1,014,405)	(825,388)
Balance	at 31 March 2022	144,657	84,073

Unrestricted funds
General funds		369,900	1,636,721		(1,657)	(1,643,304)	361,660
Designated funds
Portakabin depreciation		52,615				(17,538)	35,077
Investment fund		390,000					390,000
Total designated	funds	442,615				(17,538)	425,077
Total unrestricted	funds	812,515	1,636,721		(1,657)	(1,660,842)	786,737
Restricted funds
Youth work —communities		50,385	56,117	(10,000)		(45,131)	51,371
Youth work —schools		19,732	107,763	10,000		(60,485)	77,010
Development		25,000	22,000			(25,000)	22,000
Support costs		10,590	16,000			(26,194)	396
Total restricted funds		105,707	201,880			(156,810)	150,777
Totalfunds		918,222	1,838,601		(1,657)	(1,817,652)	937,514

		E	E	E	E
Fixed assets		53,997	35,077		89,074
Current	assets	560,961	390,000	150,777	1,101,738
Current	liabilities	(253,298)			(253,298)
Long-term liabilities
		361,660	425,077	150,777	937,514

		IIIMMIIII!IIII	IIIMMIIII!IIII	IIIMMIIII!IIII	IIIMMIIII!IIII	IIIMMIIII!IIII	IIIMMIIII!IIII
Income and endowments
Donations and legacies		443,003	390,000	833,003	317,382	1,150,385	545,865
Charitable activities		1,343,012		1,343,012		1,343,012	1,265,910
Investment income		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		121,928		121,928		121,928	123,903
Charitable activities		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)		140,171	372,461	512,632	(18,731)	493,901	(80,888)
before investments
gain/(loss)
Net (loss)/gain on		(753)		(753)		(753)	787
investments
Net income/(expenditure)		139,418	372,461	511,879	(18,731)	493,148	(80,101)
after investments	gain/
(loss)
Transfers between funds
Net movement in funds		139,418	372,461	511,879	(18,731)	493,148	(80,101)
Reconciliation offunds
Total funds brought		230,482	70,154	300,636	124,438	425,074	505,175
forward 1 April 2020
Total funds carried		369,900	442,615	812,515	105,707	918,222	425,074
forward 31 March	2021

SPECIAL THANKS

YOU'RQ N 4r