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|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|||||||||||
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||||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|
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||||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|
##
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|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|
##
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|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|
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