##
##
##
||||||PAGE:|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees|and advisors||
|Trustees'
Report|||||2-11|
|Independent
Auditor's|Report||||12-14|
|Statement ofFinancial|Activities|||||
|Balance Sheet|||||16|
|Statement
ofCash Flows|||||17|
|Notes to the Financial|Statements||||18-25|
##
|Trustees|and Directors:|and Directors:|and Directors:|Shawn D'Aguiar,
(Board Chair)|Shawn D'Aguiar,
(Board Chair)|Shawn D'Aguiar,
(Board Chair)||
|---|---|---|---|---|---|---|---|
|||||Deirdre McGlashan||||
|||||Dr Anthony
House||||
|||||Gillian Smith (appointed|I/12/2020)|||
|Company||Registered|Number:|5824642||||
|Charity Registered Number:||||1122823||||
|Registered||Office:||10Queen Street Place||||
|||||London||||
|||||EC4R IBE||||
|Company||Secretary:||Goodwin Procter UK (appointed|||21/12/2020)|
|Chief Executive Officers:||||Rachel Smith||||
|||||Alexandra
Ritchie (appointed||10/2/2020)||
|Auditors:||||Prentis &Co LLP||||
|||||Chartered
Accountants|&|||
|||||Statutory
Auditors||||
|||||115cMilton Road||||
|||||Cambridge||||
|||||CB4 IXE||||
|Bankers:||||Barclays Bank Pic||||
|||||366 Strand||||
|||||London||||
|||||WC2R OHS||||
|Solicitors:||||Bates, Wells &Braithwaite||||
|||||2 - 6 Cannon Street||||
|||||London||||
|||||EC4M 6YH||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Cl|||Vl|O
Ctt|||00
00|t
Ctt|O|00
Vl
Vt|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||O
Ctt|0
Vl|||||Vl
00
01|00
Cl||||
|||||||00
Vt|'0
00
Vt|O
01||O
CtO|00|Q|00|||01
Ct|
|||'g|Q
g|Ctl
2||01|l
Vl|||Ct
Vl
00||||||IC0
cs
M|
|||||||00|||||||||O||
|||9s||||O||||n
CD|||r
t||||
|||04|||||||||||||||
||||||||||m|O|00||Cl||||
|||||||||Vl|||||||Ct||
|||D|O
gO|||01|O|||Vt
M
M||O
M|O||Ctt
'D||
||||||||t||||Vi
O|O|V
Vl||0t||
|||00|g|Q||00|O
00|||||00|00
00||m
M||
||||||W|||||Vt|m
t
00||00||ID||
|||||||||||mO|||Ctt||m||
|||||||||||m||0t"|||||
|ID|||||||||||||||||
|O|a||||||||||||||||
||9||||||||||||||||
||6|||||m|||||||||||
||8||||||||||||||||
||i||||||||||||||||
|||||||||||||||||O|
|||||||||||||||||R|
|||||||||||0o|||||||
|||||||||||||00|||||
##
|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes||6|||
|FIXEDASSETS||||||||
|Tangible
assets|||12|||||
|CURRENT ASSETS||||||||
|Debtors|||13|137,974||42,974||
|Cash at bank||||1,370,602||1,166,452||
|TOTAL CURRENT ASSETS||||1,508,576||1,209,426||
|LIABILITIES||||||||
|CREDITORS'. amounts|falling due within|one year|14|(658,790)||(511,2II)||
|NET CURRENT ASSETS|||||849,786||698,215|
|TOTAL NKT ASSETS|||||849,786||698,215|
|THE FUNDS OF THE|CHARITY|||||||
|Restricted
funds|||||475,127||361,960|
|Unrestricted
funds|||||374,659||336,255|
||||15||849,786||698,215|
##
##
|STATEMENT OF|CASH|FL|OW|S|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Total Funds|Total Funds|
||||||||||2020|2019|
|||||||||Note|||
|Cash Plows from|Operating||Activities||||||||
|Net cash provided|by operating
activities|||||||17|203,605|325,198|
|Cash Flows from|Investing||Activities||||||||
|Interest Irom investments|||||||||545|910|
|Net Cash Provided
by Investing||||Activities|||||545|910|
|Change
in cash and|cash|equivalents
in the reporting||||period|||204,150|326,108|
|Cash and cash equivalents||at|the|beginning|ofthe reporting||period||1,166,452|840,344|
|Cash and cash equivalents||at|the|end ofthe|reporting|period|||1,370,602|1,166,452|
##
##
##
##
##
##
##
##
##
##
##
##
|GRANTS AND DONATIONS|GRANTS AND DONATIONS|GRANTS AND DONATIONS|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
|YEARENDED 31STDECEMBER 2020|||Funds|Funds|Funds|
||||2020|2020|2020|
||||6|||
|Donations|||2,621,521|47,218|2,668,739|
|GlobalGiving
US Foundation||||178,455|178,455|
|Services|in kind|||12,451|12,451|
|National|Lottery Community|Fund|318,706||318,706|
|Other|||91,224||91,224|
||||3,031,451|238,124|3,269,575|
##
|GRANTS AND DONATIONS ................/CONTINUED|GRANTS AND DONATIONS ................/CONTINUED|Restricted|Unrestricted|Total|
|---|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2019||Funds|Funds|Funds|
|||2019|2019|2019|
|Donations||1,252,654|11,344|1,263,998|
|GlobalGiving
US Foundation|||175,079|175,079|
|Services in kind|||11,161|11,161|
|National Lottery Community|Fund|243,064||243,064|
|Other||212,8]4||212,814|
|||1,708,532|197,584|1,906, 116|
|CHARITABLE INCOME|CHARITABLE INCOME|Restricted|Unrestricted|Total|
|---|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2020||Funds|Funds|Funds|
|||2020|2020|2020|
|||||6|
|Fees trom corporate|partners||70,796|70,796|
|Training
services|||9,471|9,471|
||||80,267|80,267|
|||Restricted|Unrestricted|Total|
|YEARENDED 31STDECEMBER 2019||Funds|Funds|Funds|
|||2019|2019|2019|
||||8|f|
|Fees from corporate|partners||49,498|49,498|
|Training
services|||8,028|8,028|
||||57,526|57,526|
|INVESTMENT INCOME||Restricted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER 2020||Funds|Funds|Funds|
|||2020|2020|2020|
|Bank interest|||545|545|
|||Restricted|Unrestricted|Total|
|YEAR ENDED 31STDECEMBER2019||Funds|Funds|Funds|
|||2019|2019|2019|
|Bank interest|||910|910|
|NOTES|TO|THE FINANCIAL
STATEMENTS|...,.|.., ,../CONTINUED||||
|---|---|---|---|---|---|---|---|
|||EXPENDITURE ON RAISING|FUNDS||Restricted|Unrestricted|Total|
|||YEAR ENDED 31STDECEMBER 2020|||Funds|Funds|Funds|
||||||2020|2020|2020|
|||Marketing
and website|||873|1,025|1,898|
||||||Restricted|Unrestricted|Total|
|||YEAR ENDED 31STDECEMBER 2019|||Funds|Funds|Funds|
||||||2019|2019|2019|
|||||||8||
|||Marketing
and website||||188|188|
|||ANALYSIS OF CHARITABLE|ACTIVITKS||Direct|Support||
|||YEAR ENDED 31STDECEMBER 2020|||Costs|Costs||
||||||(Note 8)|(Note 9)|Total|
||||||2020|2020|2020|
|||Charitable
activities|||3,152,698|49,943|3,202,641|
||||||Direct|Support||
|||YEAR ENDED 31STDECEMBER2019|||Costs|Costs||
||||||(Note 8)|(Note 9)|Total|
||||||2019|2019|2019|
|||Charitable
activities|||1,935,785|50,132|1,985,917|
|||DIRECT COSTS|||Restricted|Unrestricted||
|||YEAR ENDED 3ISTDECEMBER 2020|||Funds|Funds|Total|
||||||Year|Year|Year|
||||||2020|2020|2020|
|||||||6||
|||Project disbursements|||2,835,887||2,835,887|
|||Programme
costs|||27,341||27,341|
|||Communications
and marketing|||112|132|244|
|||Wages and salaries|||30,773|224,036|254,809|
|||National
Insurance|||3,140|19,861|23,001|
|||Pension costs|||920|10,496|11,416|
||||||2,898,173|254,525|3,152,698|
||||||Restricted|Unrestricted||
|||YEARENDED 31STDECEMBER2019|||Funds|Funds|Total|
||||||Year|Year|Year|
||||||2019|2019|2019|
||||||8|||
|||Project disbursements|||1,668, 134||1,668, 134|
|||Programme
costs|||30,535||30,535|
|||Communications
and marketing||||334|334|
|||Wages and salaries|||65,249|146,660|2]1,909|
|||National
Insurance|||5,463|12,134|17,597|
|||Pension costs|||1,345|5,931|7,276|
||||||1,770,726|165,059|1,935,785|
|E FINANCIAL STAT|EMENTS ....
.„,
SCON|TINUED|||
|---|---|---|---|---|
|SUPPORT COSTS||Restricted|Unresh icted||
|YEAR ENDED 31ST|DECEMBER 2020|Funds|Funds|Total|
|||2020|2020|2020|
|Rent and rates||8,922|10,474|19,396|
|Membership
subscriptions||517|608|1,125|
|Insurance||273|321|594|
|General office expenses||164|192|356|
|Telephone||193|239|432|
|Accountancy||197|1,389|1,586|
|Training
and recruitment||425|3,472|3,897|
|Volunteer
expenses|||3,960|3,960|
|Revenue
participation|fees|2,815|3,305|6,120|
|Governance
costs|||||
|Auditors'
remuneration||1,650|1,938|3,588|
|Legal and professional|fees|2,898|3,402|6,300|
|Other||1,184|1,405|2,589|
|||19,238|30,705|49,943|
|||Restricted|Unrestricted||
|YEAR ENDED 31STDECEMBER 2019||Funds|Funds|Total|
|||2019|2019|2019|
|Rent and rates||7,686|13,664|21,350|
|Membership
subscriptions||518|922|1,440|
|Insurance||308|547|855|
|General office expenses||310|551|861|
|Telephone||193|342|535|
|Accountancy||534|950|1,484|
|Training
and recruitment||878|1,561|2,439|
|Volunteer
expenses||1,923|3,420|5,343|
|Revenue participation|fees|3,052|5,426|8,478|
|Governance
costs|||||
|Auditors'
remuneration||1,555|2,765|4,320|
|Legal and professional|fees|688|1,223|1,911|
|Other||402|714|1,116|
|||18,047|32,085|50,132|
|NET INCOMTNG RESOURCES|||2020|2019|
|This is stated after charging:|||f,||
|Auditor's
remuneration|||3,588|4,320|
##
||STAFF COSTS||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||Staff costs were as follows:-||||||||||
||Wages and salaries||||||||254,809|211,909|
||Social security costs||||||||23,001|17,597|
||Pension contributions||||||||11,416|7,276|
||||||||||289,226|236,782|
||||||||||2020|2019|
||The average number ofemployees||||during the year was as|follows:-|||11|9|
||||||||||2020|2019|
||The number ofvolunteers||during|the year was as follows:-|||||4|5|
||The following
number|ofemployees|||received employment|benefits|during|the year|between:||
||||||||||2020|2019|
||660,000 - 869,999||||||||||
|12.|TANGIBLE FIXED|ASSETS||||||Plant &|Other Fixed||
||||||||Machinery||Assets|Total|
||COST||||||||||
||At 1stJanuary 2020 and||31stDecember 2020|||||4,067|49,251|53,318|
||DEPRECIATION||||||||||
||At 1st January 2020 and||31stDecember 2020|||||4,067|49,251|53,318|
||NET BOOK VALUE||||||||||
||At 31stDecember 2019 and 31st|||December 2020|||||||
|13.|DEBTORS||||||||2020|2019|
||Other debtors||||||||123,967|42,974|
||Prepayments
and accrued income||||||||14,007||
||||||||||137,974|42,974|
|14.|CREDITORS: AMOUNTS FALLING DUE IN LESS||||||||2020|2019|
||THAN ONE YEAR||||||||||
||Trade creditors||||||||492,659|267,192|
||Social security and other||taxes||||||11,531|3,882|
||Acm'uals
and deferred|income|||||||154,600|240,137|
||||||||||658,790|511,211|
##
|15.|STATEMENT OF FUNDS||Brought|||Camed|
|---|---|---|---|---|---|---|
||YEAR ENDED 31STDECEMBER 2020||forward|Income|Expenditure|forward|
|||||f,||8|
||Unrestricted
Funds||||||
||General
Funds - all funds||336,255|324,659|(286,255)|374,659|
||Restricted
Funds||||||
||Individual
Charity Funds||268,502|2,621,521|(2,566,395)|323,628|
||National
Lottery Community|Fund|19,520|318,706|(261,889)|76,337|
||Other||73,938|91,224|(90,000)|75,162|
||Total Restricted Funds||361,960|3,031,451|(2,918,284)|475,127|
||Total Funds||698,215|3,356,110|(3,204,539)|849,786|
||||Brought|||Carried|
||YEAR ENDED 31STDECEMBER2019||forward|Income|Expenditure|forward|
||Unrestricted
Funds||||||
||General Funds - all funds||277,567|256 020|(197,332)|336,255|
||Restricted
Funds||||||
||Individual
Charity Funds||249,871|I 252 654|(1,234,023)|268,502|
||National
Lottery Community|Fund|62,467|243,064|(286,011)|19,520|
||Other||129,863|212,814|(268,739)|73,938|
||Total Restricted Funds||442,201|1,708,532|(1,788,773)|361,960|
||Total Funds||719,768|1,964,552|(1,986,105)|698,215|
##
##
##
|16.|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|Restricted|Unrestricted||
|---|---|---|---|---|---|---|---|---|---|
||YEAR ENDED 31STDECEMBER 2020||||||Funds|Funds|Total|
||||||||2020|2020|2020|
||||||||f,|||
||Current|assets|||||1,112,375|396,201|1,508,576|
||Creditors|due within||one year|||(637,248)|(21,542)|(658,790)|
||||||||475,127|374,659|849,786|
||||||||Restricted|Unrestricted||
||YEARENDED 31STDECEMBER||||2019||Funds|Funds|Total|
||||||||2019|2019|2019|
|||||||||6||
||Current|assets|||||626,473|582,953|1,209,426|
||Creditors|due within||one year|||(264,513)|(246,698)|(511,211)|
||||||||361,960|336255|698 215|
|17.|RECONCILIATION|||OF INCOMING||RESOURCES TO NET CASH FLOW||FROM OPERATING||
||ACTIVITIES|||||||||
|||||||||2020|2019|
||Net (surplus/(deficit)|||for the reporting|period|||151,571|(21,533)|
||Adjusted|for;||||||||
||Interest|fiom investments||||||(545)|(910)|
||(Increase)/decrease||in debtors|||||(95,000)|52,468|
||Increase|in creditors||||||147,579|295,193|
|||||||||203,605|325,198|
##
##