2022-08-31-accounts

								Page
Charity Reference and		Administrative			Details
Who we are								4-5
Foreword
Trustees' Annual Report (Including				Directors' Report and Strategic			Report)	7-15
Legal and Financial Reports								16-18
Statement of	Trustees'	Responsibilities						19
Independent	Auditor's	Report						20-23
Statement of	Financial	Activities	(Including			Income and Expenditure	Account)	24
Balance Sheet								25
Statement of	Cash Flows
Notes to the	Financial	Statements						27-39

Charity registration	Charity registration	number	1113246
Company	registration		04903565
number
Trustees ofthe Charity:			The Trustees		of the Charity					are also the	Directors for the
			purposes of	company				law.	The Trustees		who	have served
			during the year and				since the			year end were as follows:
			Bill Carter
			Christopher	Underhill
			Lucy Perkins
			Yashveer Singh
Senior Management		Team	Alexandra Pilavachi				- Country			Co-Director
			Kelly Davies	—Director				of Everyone a Changemaker
			Felix Cheung	—Director of Finance &Operations									(until
			June'22)
			Karen Mitchell		—Director of				Finance &Operations				(from
			July'22)
Registered	office		Ashoka
			Instinctif
			First Floor, 65		Gresham			Street
			London
			EC2V 7NQ
Auditor			PKF Littlejohn		LLP
			15Wesfferry	Circus
			London
			E144HD
Solicitor			Latham &Watkins			(London)			LLP
			99Bishopsgate
			London
			EC2M 3XF
Bankers			Lloyds Bank
			399Oxford Circus
			London
			W1C 2BU

			2022	2022	2022	2021
			Unrestricted	Restricted
			funds	funds	Total	Total
		Note		E	E	E
Income from:
Donations and grants		2	1,287,722	2,402,449	3,690,171	2,307,470
Earned income			7,500		7,500
Total income			1,295,222	2,402,449	3,697,671	2,307,470
Expenditure on:
Raising funds			243,448	6,347	249,795	49,533
Charitable activities		3	1,599,263	1,189,335	2,788,598	2,112,130
Total expenditure			1,842,711	1,195,682	3,038,393	2,161,663
Net income / (expenditure)			(547,489)	1,206,767	659,278	145,807
Transfers between	funds		40,992	(40,992)
Net movement in funds		10	(506,497)	1,165,775	659,278	145,807
Reconciliation offunds:
Total funds brought	forward	10	510,867	754,443	1,265,310	1,119,503
Total funds carried	forward	10	4,370	1,920,218	1,924,588	1,265,310

				2022	2021
			Note	E
Current assets
Debtors			8	897,542	359,737
Cash at bank	and in	hand		1,615,148	1,420,047
				2,512,690	1,779,784
Creditors: amounts		falling due within one year	9	588,102	514,474
Net current	assets			1,924,588	1,265,310
Net assets				1,924,588	1,265,310
Charity Funds
Restricted funds			10	1,920,218	754,443
Unrestricted	funds		10	4,370	510,867
Total charity	funds		10	1,924,588	1,265,310

			2022	2021
		Note	E	E
Cash flow from operating	activities	12	195,101	73,221
Net cash flow provided by operating activities			195,101	73,221
Change in cash and cash	equivalents in the year		195,101	73,221
Cash and cash equivalents	at 1September		1,420,047	1,346,826
Cash and cash equivalents	at31August		1,615,148	1,420,047
Cash and cash equivalents	consists of:
Cash at bank and in hand			1,615,148	1,420,047
Cash and cash equivalents	at31August		1,615,148	1,420,047

			2022	2022	2022	2021
			Unrestrictedf	Restricted E	Total E	Totalf
Individual donations		from the
Ashoka Support	Network		84,872		84,872	112,990
Other individual	donations		2,306	1,000	3,306	750
Gift aid			21,055		21,055	12,574
Trusts and family	foundations
donations			10,000	1,166,822	1,176,822	341,243
Corporate donations			31,333	1,001,084	1,032,417	1,226,471
Donated services			432,181		432,181
Other Ashoka Offices			705,975	233,543	939,518	613,442
			1,287,722	2,402,449	3,690,171	2,307,470

			Direct	Support
			Activities 2022	costs 2022	Total 2022
			E	E
Social Entrepreneurs			853,048	697,789	1,550,837
Changemaker	Education		269,329	225,843	495,172
Changemaker	Ecosystem	Building	405,629	336,960	742,589
			1,528,006	1,260,592	2,788,598
			Direct	Support
			Activities	costs	Total
			2021	2021	2021
				E	E
Social Entrepreneurs			745,094	298,145	1,043,239
Changemaker	Education		259,361	103,782	363,143
Changemaker	Ecosystem	Building	496,289	209,459	705,748
			1,500,744	611,386	2,112,130

			Social	Changemaker	Changemaker
		Raising funds	Entrepreneur	Education	Ecosystem	Total
Support	cost	2022	2022	2022	2022	2022
		E		E	E	E
Governance		27,820	198,587	64,274	95,897	386,578
Finance		11,736	83,773	27,113	40,453	163,075
Human	resources
		11,443	81,683	26,437	39,445	159,008
Office costs		37,724	269,283	87,155	130,036	524,198
Media and
communications		9,032	64,463	20,864	31,129	125,488
Total		97,755	697,789	225,843	336,960	1,358,347

		Social	Changemaker	Changemaker
Support cost	Raising funds 2021	Entrepreneur 2021	Education 2021 E	Ecosystem 2021 E	Total 2021 E
Governance	1,945	90,717	31,578	63,732	187,972
Finance	2,444	113,990	39,679	80,082	236,195
Human resources	733	34,185	11,900	24,017	70,835
Office costs	820	38,273	13,323	26,889	79,305
Media and
communications	450	20,980	7,302	14,739	43,471
Total	6,392	298,145	103,782	209,459	617,778

5 Auditor's remuneration
	2022	2021
	E	E
Fees payable to the charity's auditor for the audit of the charity's annual accounts:	11,262	10,524
Fees payable to the charity's auditor for other services:	3,132	2,928
	14,394	13,452

number offull-time	equivalent emp	loyees (FTE)during the ye	ar was as follows	:
			2022	2021
			FTE	FTE
Raising funds			1.1	0.4
Charitable activities			13.7	10.8
Support services			5.0	3.7
			19.8	14.9
The total staff costs	and employee	benefits were as follows:
			2022f	2021 E
Wages and salaries			895,674	717,859
Social security			102,971	78,288
Defined contribution	pension costs		24,602	18,250
			1,023,247	814,397

contributi the year	ons and employers' national insuran is as follows:	ce contributions) of more than E6	0,000 in
		2022 f	2021 E
E60,000	- f70,000
E70,001	- F80,000
E90,001	- E100,000

		2022f	2021f
Trade debtors		429,950	191,641
Amounts	owed by other Ashoka entities	467,592	168,096
		897,542	359,737

Credi	tors: am	ounts falling due w	ithin one year
			2022f	2021f
Trade creditors				1,025
Amounts	owed to other Ashoka entities		560,887	348,351
Stipend	Payable		4,945	25,135
Accruals	and deferred	income	22,270	139,963
			588,102	514,474

Unrestricted	funds
	Balance at					Balance at
					Transfers
					between
	1Sept 2021	Incomef	Expenditure	f	funds f	31Aug 2022 f
Unrestricted	510,867	1,295,222	(1,842,711)		40,992	4,370
	510,867	1,295,222	(1,842,711)		40,992	4,370
	Balance at					Balance at
					Transfers
					between
	1Sept 2020 f.	Incomef	Expenditure	f	funds f	31Aug 2021 f
Unrestricted	795,251	853,665	(1,138,049)			510,867
	795,251	853,665	(1,138,049)			510,867

Restricted funds
					Balance at
	Balance at				31Aug
	1Sept 2021f	Incomef	Expenditure f	Transfers f	2022f
University Hamburg	1,003	8,564	(18,557)		(8,990)
HSBC Climate Change	1,896	1,896	(3,792)
Globalizer
Lucille Foundation	64,696	125,000	(32,761)		156,935
Porticus	87,160		(10,483)		76,677
MAVA Foundation	6,563	4,186	(2,333)		8,416
Zola ndo	6,378		(4,243)		2,135
Paul Hamlyn Foundation	3,990		(3,990)
Inkey List	222,256	49,312	(259,140)		12,428
HSBC Green Skills	261,662		(256,545)		5,117
Challenge
TMF Group	98,839	2,990	(96,774)		5,055
Sage Foundation		22,601	(22,601)
Beiersdorf		172,152	(81,316)		90,836
Porticus		157,949	(84,952)		72,997
Johnson 6Johnson		404,273	(159,531)		244,742
Zalando —Hello Europe		22,592	(12,124)		10,468
Hello Europe Refugee		1,000	(4,625)		(3,625)
Fund
Allan & Gill Gray		796,131	(52,984)		743,147
Foundation
Edge Foundation		34,000	(30,939)		3,061
Inkey List (Year 2)		347,000	(23,745)		323,255
Steelcase		34,247	(34,247)
TMF Group (Year 2)		177,564			177,564
Fonds France		40,992		(40,992)
	754,443	2,402,449	(1,195,682)	(40,992)	1,920,218

Analysis ofnet assets	Analysis ofnet assets	between funds
At31August 2022		Unrestricted	Restricted
		funds	funds	Total
		E		E
Debtors		462,410	435,132	897,542
Cash at bank and in hand		(32,985)	1,648,133	1,615,148
Creditors	in less than one year	(425,055)	(163,047)	(588,102)
Total at	31August 2022	4,370	1,920,218	1,924,588
Analysis	ofnet assets between funds (at31August 2021)
		Unrestricted	Restricted
		funds	funds	Total
		E	E	E
Debtors		160,618	199,119	359,737
Cash at bank and in hand		662,385	757,662	1,420,047
Creditors	in less than one year	(312,136)	(202,338)	(514,474)
Total at	31August 2021	510,867	754,443	1,265,310

Reconciliation of	net income / (expen	diture) to	net
cash flow from operating activities
		2022	2021
		E	E
Net income for year		659,278	145,807
Increase in debtors		(537,805)	(316,610)
Increase in creditors		73,628	244,024
Net cash flow from operating	activities	195,101	73,221