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2021-03-31-accounts

Independent Academic Research Studies International Institute

A non-profit company limited by guarantee: No 05348191 Registered Charity: No 1124590

Financial Statements and Trustees’ Report for the year ended 31 March 2021

The IARS International Institute Unit J308, The Biscuit Factory, Drummond Road, London SE16 4DG, UK Office line: 07833 224442 E: contact@iars.org.uk Web: www.iars.org.uk

Legal and Administrative Information

NAME OF CHARITABLE COMPANY: Independent Academic Research Studies International Institute (The IARS International Institute)

COMPANY LIMITED BY GUARANTEE NUMBER: 05348191

CHARITY COMMISSION NUMBER: 1124590

TRUSTEES (NON-EXECUTIVE DIRECTORS)

Mr Simon Goldhill (Re-elected 15[th] September 2020) Mr Jerome Burke (Resigned 17[th] June 2020)

Dr Theo Gavrielides (Resigned 27[th] May 2021)

Ms Vanessa Bianchi (Elected 15[th] September 2020)

Mr Richard Elliott (Elected 15[th] September 2020)

Ms Rabab Halabi (Elected 15[th] September 2020) Ms Emily Poyser (Elected 15[th] September 2020) Ms Rossana Rocchini (Elected 15[th] September 2020) Ms Laura Rofe (Elected 6[th] October 2021)

SENIOR STAFF MEMBERS TO WHOM DAY-TO-DAY MANAGEMENT OF THE CHARITABLE COMPANY IS DELEGATED BY THE TRUSTEES:

Dr. Claire Bonham: Chief Executive

PRINCIPAL ADVISERS:

BANKERS:

HSBC plc St Clement Danes 194 Strand London WC2R 1DX United Kingdom

INDEPENDENT EXAMINERS:

Burgess Hodgson LLP 27 New Dover Road Canterbury Kent, CT1 3DN United Kingdom

PATRONS

Lord Charles Falconer of Thoroton Sir George Newman Trevor Philips OBE Professor Judy Atkinson Professor Kay Hampton Simon Israel

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Report of the trustees (incorporating CEO’s report) for the year ended 31 March 2021

The Trustees are pleased to present their report and annual accounts of Independent Academic Research Studies International Institute (The IARS International Institute) for the year ended 31 March 2021. These comply with current statutory requirements, the memorandum and articles of association and the requirements of the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP) 2015.

Structure, Governance and Management

The IARS International Institute is a registered non-profit company limited by guarantee and governed by a memorandum of association and articles of association. IARS is also a registered charity with the Charities Commission of England and Wales. The company has a non-executive committee, known as the Board of Trustees, of at least three individuals all of whom are members. The Board of Trustees meets quarterly to make decisions and receive the report of the Chief Executive who is line managed by the collective Body of the Board. The Chief Executive is responsible for the operational side of the company, and line manages IARS’ staff team who line manage interns and volunteers.

History and Governing Document

In 2001, IARS was informally established by Dr. Theo Gavrielides as a community interest group. On 31 January 2005, IARS was incorporated as a non-profit company limited by guarantee. It was established under a Memorandum of Association, which defined the objects and powers of the company, and is governed under its Articles of Association. IARS was set up as a user-led and userfocused membership organisation and it remains as such.

On 19 June 2008, IARS was registered with the Charity Commission of England and Wales. In 2008, 2011, 2012 and 2013 the Board of Trustees passed Special Resolutions amending the Memorandum and Articles of Association. On 8 January 2015, the company changed its legal name from Independent Academic Research Studies to Independent Academic Research Studies International Institute (known as The IARS International Institute) reflecting its growing international reach. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of Trustees

The non-executive directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles. The Board of Trustees has agreed upon a policy and procedure for the recruitment and selection of new members. Vacancies for Board members are advertised, although candidates may also be identified through networking or contacts. Co-opted members can serve only for one year but they can stand for full election at the members’ general meeting. Advertisements are based on the role description and any skills gaps identified through the most recent Board skills audit. IARS has an Equal Opportunity Policy which is applicable both internally to all staff, volunteers, the board and externally. IARS also has a Child Protection Policy, a User Engagement Policy, a Data Management Policy, Policy on the Recruitment of Offenders and ExOffenders and a Volunteering Policy. IARS has an Employee Handbook and a Finance Management Handbook and Policy.

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After 20 years, Dr Gavrielides decided to step away from the Charity in May 2021. The Board of Trustees wish to acknowledge their appreciation of his contribution over his period of leadership.

Trustees’ Induction and Support Programmes for Trustees below the age of 25

Some Board members are already familiar with the practical work of the charity having been involved in IARS’s work for some time and/or having had experience of working in or with charities. Further policies and procedures for the induction and training of new trustees have been developed, agreed and implemented. Copies of IARS’ publications are distributed to all new Board members along with the Memorandum and Articles and the latest financial statements. IARS has adopted special support programmes for young Trustees and a mentor is identified for those below the age of 18. Tailored training on governance, an induction and external training opportunities are all offered to new and old trustees.

Risk Management

The trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems and procedures are established in order to manage those risks. The Audit and Risk Committee and senior staff review the activities of IARS and identify the risks to which it is exposed, in particular those related to operation, governance and finances. This process involves identifying risks and prioritising them in terms of potential impact and likelihood of occurrence. Controls to prevent or minimise the risks are identified, together with deadlines for their implementation. These are reported to the wider Board quarterly at each Board meeting as a standing item, where risks and actions are identified and minutes are recorded for follow up and sign off. The full risk register reviewed by the Board twice a year and the Audit and Risk Committee each quarter.

Objectives and Activities

Summary of the Objects of the Charity

As set out in its governing document, IARS' objects state that the charity exists “to promote and contribute to the development and civic participation of young people, children and adult members of the community as individuals and members of society by:

Our Vision

“A society where everyone is given a choice to actively participate in social problem solving”.

Our Mission

“Giving everyone a chance to forge a safer, fairer and more inclusive society”.

We do this by producing evidence-based solutions to current social problems, sharing best practice, and by supporting young people and the community to shape decision-making.

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Our core organisational principles

Our founding principles are: (1) User and civic participation (2) Restorative justice and dialogue (3) Individual empowerment and responsibility.

We act in the spirit of partnership, dignity, integrity and honesty and we remain independent, fearless and respectful of diversity and equality issues.

Our intended impact

Who: decision makers & “gate-keepers”, marginalised members of the community, young people, opinion formers, academia.

Where: where there is evidence of need – locally, nationally, regionally, internationally. What : the individual and the society.

Our core organisational competencies

Achievement and performance for the public benefit

Summary of the main activities undertaken for the public benefit in relation to the charity’s objects

In planning our activities for the year, we kept in mind the Charity Commission’s guidance on public benefit at our Trustee meetings. IARS remains focused on its charitable objects and mission. IARS provides a unique combination of first and second tier services to its service users and those working with them or providing services to them. IARS pays particular attention to those who tend to be marginalised or excluded because of their age, economic status, race, gender, sexual orientation, disability, ethnicity and belief. We have a three-year Strategy that we review annually at an Away Day that brings together Trustees, staff, volunteers and interns. During the Covid-19 pandemic we have held regular online review meetings for staff, trustees and our Youth Advisory Board. We remain user-focused and we take pride in running user-led programmes for the benefit of society.

To this end, IARS carries out a range of projects in the areas of human rights, education, equality and democracy. Our work is driven by our three founding organisational principles, outlined above.

All our projects are supported by training and skills development programmes that make user participation meaningful. We strongly believe in good project evaluation (outputs & outcomes) and have adopted concrete evaluation and measurement frameworks. Our publications are quality controlled by a volunteer Academic & Editorial Board and while our young people and users are engaged in project delivery, they are supported through our skills development, volunteer and work placement programmes.

Additional information of objectives and activities

The Institute continued to consolidate its position as a respected and trusted partner across Europe and in the UK throughout this financial year, and delivered services and programmes that had a significant positive impact on its service users and the society.

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Once again, working in partnership with our international network, we provided 21 certified internships and generated over 90 high-quality volunteering and work experience opportunities. We estimate that through these opportunities and our programmes, we benefited thousands of marginalised members of the international community, young people, individuals wanting to be heard, decision makers and public services, opinion formers and like-minded organisations. During the Covid-19 pandemic we adapted our service delivery model to move services online. We codesigned and piloting a virtual work experience programme with our partners Education Development Trust that was subsequently rolled out across all the EDT work partners. In total we had 133 work experience students take part in the programme. Other training courses, workshops and research were moved online, with a mixture of video conferences, online surveys and activity taking place across social media.

As part of this work we continue to host the independent, youth-led 99% Campaign which aims to dispel stereotypes about young people, promote their involvement in decision-making processes and make the capital a better, safer and more inclusive place.

We are grateful to our funders, sponsors and donors without whom we would be unable to continue delivering our charitable objects. This year, we received grants from the European Commission ERASMUS+ Key Action 2 and 3; the European Commission Rights, Equality and Citizenship Programme; the European Solidarity Corps; the Heritage Lottery Fund; Southwark Council, UK Youth. We also received in-kind donations from Morgan, Lewis & Bockius UK LLP and TrustLaw/Thomson Reuters Foundation in the form of pro-bono legal support. We are also a EURODESK UK partner meaning that we help the European Commission to disseminate opportunities to young people across the UK, and indeed increase awareness of issues impacting on them.

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Project Name Summary of funded projects carried out 1 April 2019– 31 March 2020
Eurodesk An project (ending in December 2020) where IARS operates as a Eurodesk partner, promoting the opportunities
that EurodeskandtheErasmus programme offersto young people.
Erasmus+ (KA2 – Youth) - Care
to Entrepreneurship		 2-year international programme that aims to tackle the barriers faced by young carers when accessing employment
by providing entrepreneurship training. Carried out in partnership with 4 other countries, this project is a follow on
from ourpreviouslysuccessful Care 2 Workproject.
The Latin Sounds of Pueblito
Pasia,		 Is a 30 month project funded by Heritage Lottery Fund, recording and preserving the history and heritage of the
Pueblito Pasia, a market in Haringey which is threatened with closure due to redevelopment and has been the
heartof theLatin Americancommunityin the area
Southwark Youth & Play Grant A 12-month programme commissioned by Southwark Council to provide training and support to young people in
Southwark,increasingtheir knowledge of their rights,their civicparticipation and employability.
ProChild Is a 2-year project co-funded by the European Commission under the Rights, Equality and Citizen Programme,
which aims to create a multi-professional integrated model of cooperation of stakeholders involved in the response
toviolence againstchildren.
Children First A 2-year project co-funded by the European Commission under the Rights, Equality and Citizen Programme, which
aims to tackle dating violence in its early stage by educating children attending school accordingly. The main
objective of the project is to tackle gender-based violence in relationships through combating stereotypes and
normsfuelling datingviolence.
Erasmus+ (KA2 - Schools)
FREE from Gender Based
Discrimination: Teachers &
Parents Together		 Is a 2-year project that will seeks to create a system for parents and teachers to work together to counter sexism
and gender-based discrimination in schools. This will be through the creation and dissemination of a number of e-
books, courses, and other materials.
Erasmus (KA2 - Youth)
Ethical Digital
Entrepreneurship for European
Youth (EDEEY)		 Is a 2-year project that will utilise the concept and practise of digital entrepreneurship as a means of increasing
social inclusion for young people who are economically marginalized in society.
Erasmus (KA2 – Youth)
Cultural and Social Youth
Entrepreneurship (CASYE)		 Is a 2-year programme that aims to expand access to the cultural and creative sectors for young people who have
traditionally faced barriers entering them. This is to be accomplished by providing a mentoring programme to youth
works and other professionals who are supporting young people with the tools to engage in entrepreneurship in the
creative sectors. The project team ismade up ofpartnersfrom Belgium,Italy, Spainandthe UK.
Erasmus (KA2 – Youth)
Shanarani Youth-led Project
(SYP)		 Is a 2-year programme that aims to develop innovative, CPD accredited tools to combat gender stereotypes and
inequalities in young people through the capacity building and certification of youth workers and other
professionals by giving them new approaches to support and strengthen their work, improve their skills in the area
of gender equality, and increase the quality of their interventions. Shanarani aims to help youth workers reach
young audiences through actions that are widely followed by youth, and which directly and indirectly influence them
andtheirbehaviour. It is a collaborative programmewithpartnersin the UK, Spain,Italy,Romania and Greece.
Erasmus (KA2 – Youth) Youth
Women Green Entrepreneurs
(YOU_WEEN)		 Is a 2-year programme that will give effective tools to young women living in rural areas to take up their lives
thanks to specific entrepreneurial training in sustainable development, to foster their employability, socio-
educational and personal development. This will be accomplished through the promotion of green thinking, raising
awareness of sustainability, promoting greener development in rural and/or isolated areas, exchanging good
practices, providing expertise and knowledge for women entrepreneurs; and takes place across seven countries –
Poland,Italy, Spain, Greece,North Macedonia,Lithuania andthe UK.
Erasmus (KA3 – VET) Queer
Migrants		 Is a 2-year funded initiative that aims to strengthen the capacity of professionals (social and employment sector) in
answering the needs of LGBTQI refugees, migrants and asylum seekers. This will be achieved through the
objective of developing a sustainable training programme that will enlighten professionals on the challenges posed
bythe double stigma attachedtothis community.
European Solidarity Corps is an 18-month programme that aims to promote solidarity as a value, mainly through volunteering, to enhance the
engagement of young people and organisations in accessible and high-quality solidarity activities as a means to
contribute to strengthening cohesion, solidarity, democracy and citizenship in Europe. Through this project we will
hostseven volunteers and send six volunteersto partnersin Portugal,Belgium, Cyprus, Greece andRomania.
Tutors United evaluation
project		 Tutors United appointed IARS to carry out an evaluation of its Tutors Young Residents programme that recruits
and trains university students to deliver after school group tutoring in Maths and English following a specially
devised curriculum, designed by expert teachers.
UK Youth Future Proof
Programme		 is a programme run by UK Youth that supports youth workers to engage young people in building the life skills
needed to successfully navigate a transient and complex world. The programme focuses on a set of relevant topics
to support young people in their present and future lives, including topics such as; identity, healthy relationships,
managing conflict,risks and opportunities online and your voice.
Project Name Summary of un-funded projects carried out 1 April 2019 – 31 March 2020
The 99% Campaign A youth-led, national initiative that aims to dispel negative stereotypes of young people, and promote their
involvement in decision-making processes and civic life.
Virtual Work Experience
placements		 We partnered with the Education Development Trust to develop and pilot a week-long virtual work experience
placemen for 14-18year old schoolpupils,before rollingthis out with 133young people across theyear.

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Financial Review

Overall, IARS had incoming resources for the year of £520,892, against last year’s £720,769. Expenditure for the year stood at £515,974, down 7% from the previous year.

Restricted incoming resources for the year were £470,252 This represents a decrease from last year’s restricted income, which stood at £704,375. The unrestricted incoming resources for this year were £50,640 an increase from last year’s unrestricted incoming resources of £16,394. Costs for generating voluntary income were £0, against last year’s £18,000. Expenditure on charitable activities decreased to £514,962 from £536,793.

Treasury Policy

The charity has the power to invest its monies which are immediately required in such investments, securities or property as may be thought fit. Aside from retaining a prudent amount in reserves each year, most of the charity’s funds are to be spent in the short term. Therefore, there are only few funds for medium term investment. Having considered the options available, the Board has taken a balanced approach to investment and has spread its portfolio across a small number of bank deposit accounts that have a range of maturity dates. As of 31st March 2021 the charity had access to instant cash in its accounts of £294,191.

Reserves Policy

The Board has examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least three months of resources expended. However the Board reserve the right to keep the reserve at a higher level if it fits the Charity’s strategy and objectives. At this level, which is periodically reviewed, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. Should this happen it would be necessary to consider how such funding would be replaced or activities changed.

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Other Operational Information

External Plans for 2021 – 2022

2021-22 is a year that, sadly, will still be lived under the shadow of coronavirus. Much of our work will be focused on consolidating our new ways of working, that has allowed us to adapt to a different service delivery model for our existing and new projects, and also looking for ways in which we can support those most affected by the pandemic as the implications of the situation continue to develop. We will continue to modify our delivery model to create inclusive and accessible opportunities for clients to access our services. We have also completed the UK’s exit from the EU, and are aware that European money forms a large part of our income. With this in mind, the Trustees have agreed to draw down on our reserves to invest this year in preparing us for the future, including investing in strengthening our partnerships with UK-based organisations; and complete a whole organisation re-evaluation; refocusing the organisation through developing a new Theory of Change, new name and reinvention of our visual identity. We will be investing in a new website and working on diversifying our funding by increasing our focus on delivering through services such as evaluation and consultancy. We are working to develop corporate partnerships with UK-based firms to strengthen our ability to support and provide services to marginalised communities through partnership working.

Provided that we continue to receive our current and new funders’ support we will:

Internal Plans for 2021-2022

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Financial Sustainability and Going Concern

At the time of writing this report and having given consideration to internal and external factors and the added pressure given by the ongoing pandemic, the Board of Trustees is comfortable to consider the IARS International Institute financially sustainable and a going concern.

The Charity is in the process of pivoting the funding of its services from primarily the EU to UK and global funders and it has in the past year worked on preparing a Theory of Change and a new fundraising policy that it is in the process of implementing. A new fundraiser has been employed by the organisation and new relationships with potential funders are being worked on.

Despite the pandemic, the charity has been able to continue to provide many of the services by utilising online tools and – while some of the projects have been postponed or extended – there is no reason to believe that any will be cancelled. For the upcoming year, the Charity is still funded by existing project income and we plan to cover the expected budgeted deficit by using some of its reserve. Currently, the Charity has enough reserve to cover over one year of operations beyond the funded projects that it is committed to deliver in the current financial year, and the Trustees consider that to be sufficient time to identify and secure new funding streams.

As mentioned above in the risk management section, we have a robust process in place and we review the risk register at least twice annually at Trustee Board Meeting as well as at the Audit and Risk Committee. It is maintained and updated as necessary as we address existing or identify new risks. Our policies are updated to reflect internal processes and/or legal and regulatory changes and reviewed at least annually.

From an operations perspective, we have effectively been able to continue to provide most of our services either in person or online and have set up robust processes in case on another lockdown. The staff is able to work from home and/or meet with clients in a safe environment. We have been and continue to be able to attract volunteers to assist us in service delivery.

Statement of responsibilities of the trustees

Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee will follow best practice and:

The Trustees are responsible for maintaining adequate 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. The Board is 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.

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Members of the Management Committee (Board) Member5 of the Management Committee. who are dirertors for the purpose of company law and trustees forthe purpose of charity law, who served duringthe year and upto the date of this report are setout on pa8e 3. Alltrustees givetheirtimefreely and notrustee remuneration was paid durin8 the year. Details of trustee expenses, including an honorarium for participation in Board meetings, are disclosed in the accounts. Independent Examiner Burgess Hodgson was appointed as Independent Examiner for 2020-21, following a competitive tendering process as part of IARS procurement policy. This report has been prepared in accordance wtth the special provisions relatin8 to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the Management Committee on 8th December 2021 and signed on its behalf by Rossana Rocchini: Trustee: 2021

Independent Examiner’s Report on the Accounts

Report to the trustees/members of Independent Academic Research Studies International Institute on the accounts for the year ended 31st March 2021 set out on pages 13 to 22.

Respective responsibilities of trustees and examiner

The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-

Basis of independent examiner's statement

I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.

The gross income of the charity in the year ended 31st March 2021 does not appear to exceed the sum specified in section 145(3) of the Act, namely £1,000,000, and that we are qualified to act as independent examiners in accordance with that section by virtue of being a member of the Institute of Chartered Accountants in England and Wales.

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Independent examiner's statement In the course of my examination, no matter has come to my attention: l. which gives me reasonable cause to believe that in, any material respect, the trustees requirements: to keep accounting records in accordance with sectlon 42131 of the Companies Act and to prepare accounts whlch accord wlth the accountSng records, comply wlth the accounting requirement5 of section 4511) of the Act and with the methods and principles of the Statement of recommended Practice: Accountlng and Reportlng by Charities in accordance with Re8ulation 31, 33 and 40 of the 2c￿8 Regulation 2. has not been met,. or 3. to whlch, in my opinion, attentlon should be drawn In order to enable a proper understandin8 of the accounts to be reached. Bur8e55 Hod8son LLP Camburgh House 27 New Dover Road Canterbury Kent CTI 3DN Date lol io}&z 13

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2021.

The charity does not recognise gains or losses other than results of the year as set out above. All activities of the charity are classified as continuing.

The notes numbered 1 to 9 are on pages 15 to 22

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Balance Sheet as at 31 March 2021 Note Fixed Assets Tangible assets CurrentAssets Debtor5 Cash at bank and in hand 97.C83 178,T25 76L973 954,552 CurrEnt iiabllltles Creditors.. Amounts falling due within one year Net ojrrent assets 6.269 n.351 TOTAL ASSErs The f￿￿ts ofthe charity Restricted incorne funds Lknrestricted income funds TOTAL FUNDS I(￿.714 178.&19 The directors are satisfied that for the year ended on 31 March 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under settion 477 of the Companies Act 2(X)6 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011. the accounts have been examined by an Independent Examiner whose report appears on page 11. The directorlsl acknowledge their responsibility for complying with the requirements of the Companies Act 2(K16 with respect to accountin8 records and the preparation of accounts. The accounts have been prepared in accordan￿ with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies. regime and in accordance with the charities SORP2015 IFRS1021. The dirertors acknowledge their responsibilTty for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and rf its profit and loss for the financial year in accordance with the requirements Df sections 394 and 395 and which otherwise comply with the requirements of the Companies Att 21XJ6 relating to accounts, so far as applicable to the company. Approved by th ard of twstees on 8 December 2021 and signed on behatf by: Trustee: (The notes numbered below (pages 1&231 form part of these financial statements 15

Notes to the Financial Statements for the Year Ended 31 March 2021

Basis of Preparation

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

The particular accounting policies adopted are set out below.

c

Expenditure

Expenditure is accounted for on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Charitable activities' costs comprise direct expenditure including direct staff costs attributable to the relevant activity. Where costs cannot be directly attributed they have been allocated to activities on a basis consistent with the use of resources. Fund-raising costs are those incurred in seeking voluntary contributions and in publicising the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets costing £500 and over are capitalised and they are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful life on the following basis:

A full year’s depreciation is charged in the first year of use of the asset.

e Pension costs

The company make payments to individual defined contribution schemes for employees. Contributions payable for the year are charged to the income and expenditure account.

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Taxation

Notes to the Financial Statements for the Year Ended 31 March 2021

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Notes to the Financial Statements for the Year Ended 31 March 2021

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Notes to the Financial Statements for the Year Ended 31 March 2021

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Notes to the Financial Statements for the Year Ended 31 March 2021

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Purposes of Restricted Funds

Erasmus + Care To Entrepreneurship European Union funds €260,825 under Grant Agreement number 2017- 3- UK01 - KA205 – 046402, the two year project Care to Entrepreneurship. This is a partnership programme of which IARS is the lead partner. The programme started on 1st May 2018 and runs for two years. The project is delivered in four participating countries Belgium, Greece , Italy and Romania . As the lead applicant, IARS received the grant for the entire programme and through a partnership arrangement it distributes these funds according to the programme schedule.

Erasmus+ Ethics and Young Entrepreneurs in Europe (EYEE) is an Erasmus+ programme (2017-1-IT02-KA201036519) with a grant of €44,810 over two years to provide entrepreneurship training to young people in schools across Europe. The programme is coordinated by the Italian partners (ARTES) and involves partners from (Italy (x2), UK, Germany, Austria, Belgium, Romania, Poland and France).

The European Commission is providing funding under Grant Agreement number REC-AG-2017/REC-RDAPGBV-2017 towards the costs of the Protection and Support of Abused Children Through Multidisciplinary Intervention (ProChild) programme. This seeks to create a multi-professional, integrated model of cooperation of stakeholders involved in the response to violence against children to tackle underreporting and fragmentation of services, implementing a joint approach based on complementary competences and child’s best interest.

The Heritage Lottery Fund are funding a project (£84,000) to record The Latin Sounds of Pueblito Pasia a market in Haringey which faces closure, impacting on the Latin American Community which meets there. The project for 30 months sets out to record the sounds of the market and archive them (working with Haringey Archives and London Metropolitan University) to ensure this community can be accessed in the future.

Southwark Youth & Play Grant is a programme commissioned by Southwark Council (£28,407) to provide training and opportunities to young people in Southwark for 12months (April 2019-March 2020) with regards to their knowledge of their legal rights, employability and participation in society.

Erasmus+ FREE from Gender Based Violence - Teachers & Parents Working Together is an Erasmus+ programme (2019-1-UK01-KA201-062092) beginning on 1[st] September 2019 with a grant of €225,625 over two years. The project seeks to create a system for parents and teachers to work together to counter sexism and gender-based discrimination in schools. This will be through the creation and dissemination of a number of e-books, courses, and other materials. The programme is coordinated by IARS and involves six partners from five European countries: UK, Spain, North Macedonia, Luxembourg and Greece (x2).

Children First: Addressing Gender-Based Violence from the bottom-up is a European Commission is providing funding under Grant Agreement number REC-AG-2018/REC-RDAP-GBV-AG-2018, funding €335,668. This project was set up to tackle dating violence in its early stage by educating children attending school accordingly. The main objective of the project is to tackle gender-based violence in relationships through combating stereotypes and norms fuelling dating violence. The main vehicle utilized for this project will be the formal education system, trying both to build the necessary capacities of teachers and educators and also to introduce children to this approach through a gamified environment. The programme is coordinated by IARS and involves six partners from five European countries: UK, Lithuania, Cyprus, Italy and Greece (x2).

Erasmus+ Ethical Digital Entrepreneurship for European Youth (EDEEY) is an Erasmus+ programme (2019-1UK01-KA205-062214) with a grant of €204,067 over two years to provide ethical digital entrepreneurship training. EDEEY will utilise the concept and practise of digital entrepreneurship as a means of increasing social inclusion for young people who are economically marginalized in society. The programme is coordinated by the IARS and involves partners from Cyprus, Czech Republic and Greece.

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Cultural and Social Youth Entrepreneurship (CASYE) is an Erasmus+ funded project (2020-1-UK01-KA205078496) is a 2-year programme that aims to expand access to the cultural and creative sectors for young people who have traditionally faced barriers entering them. This will be accomplished by providing a mentoring programme to youth works and other professionals who are supporting young people with the tools to engage in entrepreneurship in the creative sectors. The project team is made up of partners from Belgium, Italy, Spain and the UK, and the total grant is €121,093.

Shanarani Youth-led Project (SYP)is a 2-year programme funded by Erasmus+ (2020-1-UK01-KA205-078035) that aims to develop innovative, CPD accredited tools to combat gender stereotypes and inequalities in young people through the capacity building and certification of youth workers and other professionals by giving them new approaches to support and strengthen their work, improve their skills in the area of gender equality, and increase the quality of their interventions. Shanarani aims to help youth workers reach young audiences through actions that are widely followed by youth, and which directly and indirectly influence them and their behaviour. The total grant is €198,840 and it involves five partners in the UK, Spain, Italy, Romania and Greece.

Youth Women Green Entrepreneurs (YOU_WEEN) is an Erasmus+ funded 2-year programme (2020-2-PL01KA205-082849) for which IARS’ grant is €45.353,00. The programme will give effective tools to young women living in rural areas to take up their lives thanks to specific entrepreneurial training in sustainable development, to foster their employability, socio-educational and personal development. This will be accomplished through the promotion of green thinking, raising awareness of sustainability, promoting greener development in rural and/or isolated areas, exchanging good practices, providing expertise and knowledge for women entrepreneurs; and takes place across seven countries – Poland, Italy, Spain, Greece, North Macedonia, Lithuania and the UK.

Queer Migrants (2020-1-UK01-KA204-079101) is a 2-year funded initiative through the Erasmus+ Vocational Education Training programme with funding totalling €134,920. The project aims to strengthen the capacity of professionals (social and employment sector) in answering the needs of LGBTQI refugees, migrants and asylum seekers. This will be achieved through the objective of developing a sustainable training programme that will enlighten professionals on the challenges posed by the double stigma attached to this community.

Tutors United evaluation project - Tutors United appointed IARS to carry out an evaluation of its Tutors Young Residents programme that recruits and trains university students to deliver after school group tutoring in Maths and English following a specially devised curriculum, designed by expert teachers.

UK Youth Future Proof Programme is a programme run by UK Youth that supports youth workers to engage young people in building the life skills needed to successfully navigate a transient and complex world. The programme focuses on a set of relevant topics to support young people in their present and future lives, including topics such as; identity, healthy relationships, managing conflict, risks and opportunities online and your voice.

European Solidarity Corps are funding our Youth Empowerment Programme (018-1-UK01-ESC13-060105). The European Solidarity Corps aims to promote solidarity as a value, mainly through volunteering, to enhance the engagement of young people and organisations in accessible and high-quality solidarity activities as a means to contribute to strengthening cohesion, solidarity, democracy and citizenship in Europe, while also responding to societal challenges and strengthening communities, with particular effort to promote social inclusion. The Year 1 programme started on 1[st] January 2019 and runs until 30[th] June 2021, and will fund up to €54,480. Through this project we will host seven volunteers and send six volunteers to partners in Portugal, Belgium, Cyprus, Greece and Romania.

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Eurodesk is a time-limited project (finished on 31[st] December 2021) where IARS operates as a Eurodesk partner, promoting the opportunities that Eurodesk and the Erasmus programme offers to young people.

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