REGISTERED COMPANY NUMBER: 05617302 (England and Wales) REGISTERED CHARITY NUMBER: 1123874
WHITE RIBBON CAMPAIGN LTD (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WHITE RIBBON CAMPAIGN LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Trustees' Report | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Statement of Financial Position | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 17 |
WHITE RIBBON CAMPAIGN LTD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES
S J Barnbrook Dr. S R Burrell A J Duerden L Fairman BEM P Lassey S Rymer DC M Taggart MBE
COMPANY SECRETARY
S Rymer
REGISTERED OFFICE
Unit 31 The Town Hall St. Georges Street, Hebden Bridge West Yorkshire HX7 7BY
REGISTERED COMPANY 05617302 (England and Wales) NUMBER
REGISTERED CHARITY 1123874 NUMBER
INDEPENDENT EXAMINER
TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED
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WHITE RIBBON CAMPAIGN LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The preservation and protection of life and good health by the prevention of violence, in particular against women, by education and raising awareness of the cause, effects and methods of preventing violence.
Significant activities
White Ribbon UK achieves its aims through high profile campaigns, raising awareness, engaging with men and boys to promote culture change with individuals and a diverse range of organisations, and by engaging with decision makers. This is delivered mainly through our partnerships with a range of public and private sector organisations through our Accreditation and Supporter organisation programmes, and over 6,000 White Ribbon Ambassadors and Champions and supporters.
Public benefit
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission's general guidance on public benefit and in particular the advancement of education.
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WHITE RIBBON CAMPAIGN LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities
During 2023 White Ribbon consolidated the three-year strategy, especially through its engagement with stakeholders, decision makers as well as the general public. The White Ribbon team was extended to support the delivery of this work to ensure stakeholders, especially Accredited organisations, were equipped with the resources they needed to create positive culture change as well as an increased profile for campaigning and policy work.
By March 2024 there were 194 White Ribbon Accredited organisations, an almost 0% increase of new organisations from the previous year. This took the number of people working for an Accredited organisation to nearly 700,000. The number of White Ribbon Supporter Organisations also increased significantly, now totaling 188, a growth of 60%. White Ribbon Ambassadors and Champions remain at the core of White Ribbon delivery and reach. The end of this period saw almost 4,050 registered Ambassadors and Champions, 60% of which work for Accredited or Supporter Organisations.
An ongoing series of White Ribbon webinars was launched in 2023, offering 'lunch and learn' sessions for Accredited organisations and other partners to join and have the opportunity to better understand specific issues and challenges in preventing men's violence against women and girls. Organisations had further opportunities for learning with the development of the White Ribbon training offer. In addition, a conference for White Ribbon Accredited organisations was held in Birmingham in September 2023.
Trustees approved a public policy strategy, emphasising the White Ribbon primary prevention agenda. The Strategy defines White Ribbon UK's key demands and forms the basis of all engagement with decision makers. The Strategy has enabled stronger engagement with MPs, MSs, local authorities, councillors, police and crime commissioners and metro mayors, to ensure policy aims were aligned. There were several White Ribbon APPG meetings held with themes of; preventing harassment in the workplace, the implementation of the Istanbul Convention and engaging young people. In addition, White Ribbon partnered with the Open University to launch a landmark report into men and women's experiences of online violence against women in England, Northern Ireland, Scotland and Wales. This was held in Westminster, with members of the ending violence against women and girls sector, public bodies and press. This provided opportunity to further establish White Ribbon's expertise and develop relationships with MPs and MSs as well as ensuring policy aims were clear and understood, especially with a pending General Election.
Core communications messages with our target stakeholders, men and boys, were developed to ensure continual engagement. Particularly speaking directly to men and young men, as well as ensuring external communications continued to be positive and provided practical strategies for young men to challenge their own behaviour and that of their peers, as well as explanations about allyship. Similarly, White Ribbon's presence on LinkedIn was developed to enable better engagement with partner organisations and Ambassadors and Champions, communicating both the value of partnerships and campaigning.
The White Ribbon Day 2023, theme #ChangeTheStory, chosen to be able to reach across a wide range of sectors, was highly successful. It's positive message, encouraging men and boys to be changemakers and taking an active role in their allyship to women and girls, was widely taken up. The theme offered the opportunity for organisations to promote White Ribbon Day in a way that was appropriate to their context.
White Ribbon Day 2023 received wide media coverage, notably Sky Sports partnered with White Ribbon featuring the campaign across all sports on 25th November, presenters and pundits wore White Ribbons, their meaning was explained and the White Ribbon #ChangeTheStory video was shared throughout the day. Building on #TheGoal campaign from 2022, sport organisations across England and Wales showed their support, with notable promotion of the campaign by the Football Association of Wales dedicating an international match fixture, and partnering with the Welsh Government's Sound campaign. A collaboration post on Instagram with Manchester United exceeded 1 million impressions.
Resources and ideas for fundraising were also redeveloped. White Ribbon has some fundraisers who support its work in memory of women lost to men's violence. We would not be able to achieve what we do without this support. We want to say thank you, we take our responsibility to build a lasting legacy of a society free from men's violence very seriously.
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WHITE RIBBON CAMPAIGN LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
The net income for the year was £33,941 (15 month period ended 31 March 2023: £42,508). The free reserves of the charity, calculated as unrestricted reserves less designated funds and fixed assets, was £186,112 (2023 restated: £153,978).
Reserves policy
WRUK generates income from a variety of sources. There are fees from accreditation of organisations, which are a predictable form of income. Together with regular small donations, also relatively predictable, this represented 39% of total income in this accounting period. Income is also generated from bespoke work, such as training and presentations and one off donations and fundraising. This is less reliable. We sell awareness raising materials via our online shop. The majority of these sales come from the period leading up to White Ribbon Day on November 25th every year. There is scope to bid for grants to deliver specific projects.
We employ a small team of staff to support our work, and have the usual overheads such as rent, insurance and utilities. As such, we are able to make a relatively stable and predictable forecast of expenditure in normal circumstances. We have a Finance Committee which monitors income and expenditure and makes recommendations, in consultation with the Chief Executive, of any corrective actions required.
Despite being a small organisation, the White Ribbon message which we represent is one with a wide reach and which resonates with many in positions of influence. It is therefore important that our Reserves Policy is based upon being able to maintain that profile even through a period when income is reduced. It is our view, based on historic income and expenditure figures, that a minimum reserve balance equivalent to 3 months of expenditure costs be maintained at all times. This will exclude any fixed assets the organisation may own, as well as committed elements of Unrestricted Funds and any Designated Funds identified and approved by the Board. For the current financial year, this sum amounts to £ . The Finance Committee will review the Reserves Policy and balances on an annual basis and make recommendations to the Board as necessary
FUTURE PLANS
White Ribbon UK will be working to increase and develop its relationships with organisations, through its accreditation programme and by developing joint projects, especially in relation to sport and media.
A change of Government provides opportunities for White Ribbon's policy campaign aim to secure statutory funding for the Primary Prevention of violence against women and girls.
White Ribbon resources to support organisations and individual Ambassadors and Champions have been established, including exclusive resource hubs. This combined with the developing training offer added value to organisations and individuals who engage with White Ribbon's works.
Overall, White Ribbon is well poised to grow into its next phase of development, built on a strong public presence, understanding of the importance of its work in Primary Prevention by decision- makers and strong partnerships.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees are recruited through open advertisement.
Organisational structure
Day-to-day management of the charity is delegated to the staff team under the leadership of the Chief Executive, Anthea Sully.
Key management remuneration
Remuneration of staff is determined by the HR sub committee and Finance sub committee taking into consideration the financial sustainability of the charity and market rate for a charity of this size.
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WHITE RIBBON CAMPAIGN LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of White Ribbon Campaign Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. P Lassey - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHITE RIBBON CAMPAIGN LTD Independent examiner's report to the trustees of White Ribbon Campaign Ltd ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbilities and basis of report As the charity's truslees of the Company land also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Comp8ny are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Acl,). In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 145{5} {b} of the 2011 Act. Independent examlner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with Ihose records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C Moetwyn-williams Bsc FCA TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED .*... ICY2Lfr Page 6
WHITE RIBBON CAMPAIGN LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Period | |||
|---|---|---|---|
| 1.1.22 | |||
| Year Ended | to |
||
| 31.3.24 | 31.3.23 | ||
| Unrestricted | Total |
||
| funds | funds | ||
| as restated | |||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 159,601 | 92,554 | |
| Other trading activities | 2 | 209,349 | 274,208 |
| Total | 368,950 | 366,762 | |
| EXPENDITURE ON | |||
| Raising funds | 15,825 | 90,503 | |
| Charitable activities | |||
| General | 319,184 | 233,751 | |
| Total | 335,009 | 324,254 | |
| NET INCOME | 33,941 | 42,508 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 214,068 | 171,560 | |
| TOTAL FUNDS CARRIED FORWARD | 248,009 | 214,068 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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WHITE RIBBON CAMPAIGN LTD
STATEMENT OF FINANCIAL POSITION 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| as restated | |||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 8 | 333 | 667 |
| Investments | 9 | 1 | 1 |
| 334 | 668 | ||
| CURRENT ASSETS | |||
| Debtors | 10 | 51,807 | 70,268 |
| Cash at bank | 264,487 | 274,326 | |
| 316,294 | 344,594 | ||
| CREDITORS | |||
| Amounts falling due within one year | 11 | (68,619) | (131,194) |
| NET CURRENT ASSETS | 247,675 | 213,400 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 248,009 | 214,068 | |
| NET ASSETS | 248,009 | 214,068 | |
| FUNDS | 12 | ||
| Unrestricted funds | 248,009 | 214,068 | |
| TOTAL FUNDS | 248,009 | 214,068 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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WHITE RIBBON CAMPAIGN LTD
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22/10/2024 ............................................. and were signed on its behalf by:
............................................. P Lassey - Trustee
The notes form part of these financial statements
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure & irrecoverable vat
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
All expenditure is inclusive of irrecoverable VAT.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |
|---|---|
| Year Ended 31.3.24 £ Accreditation Fees 177,206 Sales and Fees 32,143 209,349 |
Period 1.1.22 to 31.3.23 £ 114,044 160,164 |
| 274,208 |
All income from other trading activities is unrestricted.
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 1.1.22 | ||
| Year Ended | to | |
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Depreciation - owned assets | 334 | 333 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.
Trustees' expenses
Trustees expenses of £180 were reimbursed for the period ended 31 March 2024. (Year ended 31 March 2023: £727)
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. STAFF COSTS
| Year Ended 31.3.24 £ Wages and salaries 244,122 Social security costs 17,582 Other pension costs 12,231 273,935 |
Period 1.1.22 to 31.3.23 £ 200,046 14,448 9,265 223,759 |
|---|---|
The average monthly number of employees during the year was as follows:
| Year Ended 31.3.24 Chief Executive Officer 1 Finance and administration staff 3 Campaign staff 4 8 |
Period 1.1.22 to 31.3.23 1 5 - 6 |
|---|---|
No employees received emoluments in excess of £60,000.
The key management personnel of the charity to whom the Trustees delegate the day-to-day running of the organisation is the Chief Executive. The total employee benefits of the key management personnel of the charity for the year ended 31 March 2024 were £52,012 (Year ended 31 March 2023: £59,820).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| as restated | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 92,554 |
| Other trading activities | 274,208 |
| Total | 366,762 |
| EXPENDITURE ON | |
| Raising funds | 90,503 |
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |
|---|---|
| funds | |
| as restated | |
| £ | |
| Charitable activities | |
| General | 233,751 |
| Total | 324,254 |
| NET INCOME | 42,508 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 171,560 |
| TOTAL FUNDS CARRIED FORWARD | 214,068 |
7. PRIOR YEAR ADJUSTMENT
The 2023 accounts have been restated to exclude transactions that relate to the wholly owned trading subsidiary, White Ribbon Resources Limited (registered company number: 14491783).
Expenditure
During the period ended 31 March 2023, White Ribbon Campaign Ltd (the charity) incurred costs on behalf of White Ribbon Resources Limited (the trading company) whilst a bank account was set up for the trading company.
These transactions were initially recorded as expenditure in the financial statements for the charity for period ended 31 March 2023 but should have instead formed part of the intercompany loan balance, between the charity and the trading company, as at 31st March 2023 and recognised as an expense in the trading company. Costs of £17,486 have been removed from the prior year comparatives.
Stock
As at 18 November 2022, the incorporation date of the trading company, the charity held stock of items to be sold within the trading company to the value of £21,171. The value of these items was transferred over to the trading company on incorporation.
At 31 March 2023, the charity originally reported a further closing stock balance of £20,619. This stock belonged to the trading subsidiary and the 2023 accounts have been restated to remove this stock balance.
The overall impact of the above has increased the funds carried forward at 31 March 2023 by £17,486. Therefore, the free reserves of the charity, brought forward, as at 1st April 2023, after the above adjustments are £153,978.
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals |
|||
| £ | £ | £ | |||
| COST | |||||
| At 1 April 2023 and 31 March 2024 | 1,850 | 5,270 | 7,120 | ||
| DEPRECIATION | |||||
| At 1 April 2023 | 1,850 | 4,603 | 6,453 | ||
| Charge for year | - | 334 | 334 | ||
| At 31 March 2024 | 1,850 | 4,937 | 6,787 | ||
| NET BOOK VALUE | |||||
| At 31 March 2024 | - | 333 | 333 | ||
| At 31 March 2023 | - | 667 | 667 | ||
| 9. | FIXED ASSET INVESTMENTS | ||||
| Shares in | |||||
| group | |||||
| undertakings | |||||
| £ | |||||
| MARKET VALUE | |||||
| At 1 April 2023 and 31 March 2024 | 1 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2024 | 1 | ||||
| At 31 March 2023 | 1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
White Ribbon Resources Limited
Registered office: United Kingdom Nature of business: Retail Shop
| White Ribbon Resources Limited Registered office: United Kingdom Nature of business: Retail Shop |
|||||
|---|---|---|---|---|---|
| % | |||||
| Class of share: | holding | ||||
| Ordinary | 100 | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Aggregate capital and reserves | 1 | - |
The charity has a wholly owned trading subsidiary, White Ribbon Resources Limited (registered company number: 14491783), which is incorporated in the United Kingdom.
White Ribbon Campaign Ltd holds 100% of the share capital of White Ribbon Resources Limited.
The trading subsidiary was incorporated in England and Wales on 18 November 2022 and the first financial period will be reported to 31 March 2024.
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Amounts owed by group undertakings Other debtors Prepayments and accrued income CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Other creditors Accruals and deferred income |
2024 2023 as restated £ £ 28,116 19,594 23,691 8,604 - 42,070 51,807 70,268 2024 2023 as restated £ £ 9,445 42,206 3,245 1,569 55,929 87,419 68,619 131,194 |
|
|---|---|---|
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Included within accruals and deferred income is deferred income of £54,774, in respect of accreditation fees received during this financial year in relation to future financial years. £21,400 will be released in the financial year ended 31 March 2025 and the remainder will be released across the financial years ended 31 March 2026 and 31 March 2027.
In the year ended 31 March 2023, accruals and deferred income included deferred income of £86,098. £64,698 has been released within this financial year and the balance of £21,400 will be released within the financial year ended 31 March 2025.
12. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated - Development fund Designated - Training development fund Designated - Campaign development fund TOTAL FUNDS |
At 1.4.23 £ 154,645 20,000 25,223 14,200 214,068 214,068 |
Net movement in funds £ 33,941 - - - 33,941 33,941 |
Transfers between funds £ (2,141) 800 508 833 - - |
At 31.3.24 £ 186,445 20,800 25,731 15,033 248,009 248,009 |
|---|---|---|---|---|
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 368,950 368,950 |
Resources Movement expended in funds £ £ (335,009) 33,941 (335,009) 33,941 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Designated - Development fund Designated - Training development fund Designated - Campaign development fund TOTAL FUNDS |
At 1.1.22 £ 171,560 - - - 171,560 171,560 |
Net movement in funds £ 42,508 - - - 42,508 42,508 |
Transfers between funds £ (59,423) 20,000 25,223 14,200 - - |
At 31.3.23 £ 154,645 20,000 25,223 14,200 214,068 214,068 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 366,762 366,762 |
Resources Movement expended in funds £ £ (324,254) 42,508 (324,254) 42,508 |
|---|---|---|
During the year, the Board of Trustees have nominally set aside monies for the following:
- Development The board have set aside funds to ensure the continued development of the Charity for the next financial year.
Training Development - The board have designated nine months of wages costs for the development of training.
Campaign Development - The board have designated six months of wages costs for the development of future campaigns for the Charity.
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WHITE RIBBON CAMPAIGN LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. EMPLOYEE BENEFIT OBLIGATIONS
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £12,231 (2023: £9,265). Contributions totalling £3,218 (2023: £1,568) were payable to the fund at the balance sheet date.
14. RELATED PARTY DISCLOSURES
Trustee's expenses are shown in note 7.
There were no other related party transactions during the year.
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