Independent Academic Research
Studies International Institute
Working name: Sculpt
A non-profit company limited by guarantee: No 05348191
Registered Charity: No 1124590
Financial Statements and Trustees. Report
for the year ended 31 March 2024
IARS Internationol Institute
South Bank Technopark
90 London Road. London SE16LN. UK
Office line. 0207 167 9411
Email.. contact@Sculptuk,org
Web.. www.scul tuk.or

Legal and Administrative Information
NAME OF CHARITABLE COMPANY: Independent Acodemic Research Studies
International Institute (The IARS International Institute)
Operating with the working name Sculpt
COMPANY LIMITED BY GUARANTEE NUMBER: 05348191
CHARITY COMMISSION NUMBER: 1124590
TRUSTEES (NON-EXECUTIVE DIRECTORS)
Ms Vonessa Bianchi (Re-elected 7th December 2022. Resigned 28th November 2023)
Ms Rossona Rocchini (Re-elected 7" December 2022. Resigned 281h November 2023)
Mr Richard Elliott (Re-elected 28th November 2023)
Ms Rabab Halabi (Re-elected 28th November 2023)
Ms Emily Poyser (Re-elected 281h November 2023)
SENIOR STAFF MEMBERS TO WHOM DAY-TO-DAY MANAGEMENT OF THE CHARITABLE
COMPANY IS DELEGATED BY THE TRUSTEES:
Dr. Cloire Bonham.. Chief Executive
PRINCIPAL ADVISERS:
BANKERS:
HSBC plc
St Clement Danes
194 Strand
London WC2R 1DX
Unlted Kingdom
INDEPENDENT EXAMINERS:
Burgess Hodgson LLP
27 New Dover Rood
Conterbury
Kent, CT13DN
United Kingdom

Report of the trustees (incorporating CEO'S report)
for the year ended 31 March 2024
The Trustees are pleased to present their report and annual occounts of The IARS
International Institute (operoting as Sculpt) for the year ended 31 March 2024. These
comply with current statutory requirements. the memorandum and articles of
ossociation and the requirements of the Statement of Recommended Practice
Accounting and Reporting by Chorities (SORP) 2015.
Structure, Governance and Management
The IARS Internotional 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 compony
has a non-executive committee. known as the Board of Trustees. of at least three
individuals all of whom ore members. The Board of Trustees meets quorterly to make
decisions ond 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 os o community interest
group. On 31 January 2005, IARS was incorporoted as a non-profit company limited by
guorantee. It was estoblished under o 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 user-focused membership organisation and it
remoins 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 Speciol Resolutions
omending the Memorandum and Articles of Association. On 8 January 2015. the
company chonged its legol 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 2021 IARS underwent a rebranding exercise and adopted a new working name of
Sculpt in Morch 2022. olthough the legol company name remains the IARS International
I nstitute.
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 low and under the company's Articles. The Board of Trustees hos agreed upon
o policy and procedure for the recruitment ond 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 con
stand for full election ot the members. general meeting. Advertisements ore based on
the role description and ony skills gaps identified through the most recent Boord skills
oudit. Sculpt has an Equal Opportunity Policy which is opplicable both internally to oll
staff, volunteers. the board and externally. Sculpt olso has a Sofeguarding Policy, a User
Engagement Policy. a Doto Protection and Privocy Policy. Health and Safety Policy.
Policy on the Recruitment of Offenders and Ex-offenders ond a Volunteering Policy.
Sculpt has an Employee Handbook and a Finance Manogement Handbook and Policy.
Trustees, Induction and Support Progrommes for Trustees below the age of 25
Some Board members are already fomiliar with the practical work of the charity having
been involved in Sculpt'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 ond implemented. Copies of Sculpt's publications
are distributed to oll new Board members along with the Memorandum and Articles ond
the latest financiol statements. Sculpt has adopted special training programmes for
young Trustees and the Youth Advisory Board hos o permanent seat on the board,
Tailored training on governance. an induction and external training opportunities are all
offered to new and existing 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 Sculpt and identify the risks to which it is exposed, in particular those related to
operation, governonce and finances. This process involves identifying risks and
prioritising them in terms of potentiol impact and likelihood of occurrence. Controls to
prevent or minimise the risks ore identified. together with deadlines for their
implementation. These are reported to the wider Board quarterly at eoch Boord
meeting as o stonding item, where risks and actions are identified and minutes are
recorded for follow up and sign off. The full risk register reviewed by the Bogrd and
senior staff twice o yeor.
Objectives and Activities
Summary of the Objects of the Charity
As set out in its governing document, Sculpt's 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..
(a) Providing on infrastructure. training. guidonce and support to enable them to
undertake research, studies or other activities to investigate the issues which
affect them. and
(b) Encouraging, supporting and facilitating them to acquire a voice in democratic
life, and use the useful results of that research and learning to increase awareness

ond understanding of the issues which affect them including omongst others
decision makers, governments, policy makers, service providers and the public."
Our Purpose
To support young people to shape their futures.
What We Do
We work directly with young people, employers and professionals who support young
people. All our work is guided by young people themselves and based on carefully
researched evidence. We..
Facilitate forums for young people to make their needs and their voices heard
Publish a magazine by young people to express their perspectives and
encourage debate around public policy issues
Conduct research to uncover young people's real needs and what works to
empower and support them
Deliver training to build young people's confidence. skills. ambition, resilience
and sense of responsibility. so they can shape their futures and change their
communities for the better. as leaders, social entrepreneurs and octive
participants in civic life
Deliver training for professionals who work with young people, drawing on our
research and expertise
Engage with employers to facilitate work experience and employment
opportunities for young people to develop skills and access diverse jobs
Facilitate international exchange opportunities to encourage and enable young
people to experience and appreciate other cultures. perspectives and ways of
life.
Our Impact
We believe it is important that young people have access to opportunities to help
them shape their own lives. We aim to reduce the inequality of access to opportunities
and support young people to develop the skills and resources and gain the experience
they need to feel positive about their future. and to play a meaningful role in shoping
their communities.
Our impact will be..
Improved knowledge:
Young people gain knowledge and skills in several 'life-skills' areas such as business.
entrepreneurship. financiol management. heolthy relationships. leodership. public
speaking. negotiation skills.
Improved confidence:
Young people gain confidence that they know how to ensure their voices are heard.
ond a sense of purpose.

Improved attitudes:
Young people understond how discriminction ond stereotypes con be damaging to
their relationships with others and their future choices. They will have an outward
focused ottitude and will volue international partnership and collaboration.
Improved agency:
Young people increase their participation with key stakeholders in their local
community ond take positive action to further their career options. They will build
positive and collaborative relationships omongst themselves and with peers. support
networks and parents.

Achievement and performance for the public benefit
Summary of the main activities undertaken for the public benefit in relation to the
chority's objects
In planning our activities for the yeor. we kept in mind the Chority Commission's
guidance on public benefit at our Trustee meetings. Sculpt remains focused on its
charitable objects and mission. Sculpt provides a unique combination of first and second
tier services to its service users and those working with them or providing services to
them. Sculpt pays particular attention to those who tend to be morginalised or excluded
becouse of their age. economic status. race. gender. sexual orientation. disability,
ethnicity ond belief. We remoin youth-led ond we take pride in running programmes
that directly benefit young people ond the wider community.
Sculpt works with disodvantaged and marginalised young people aged 14-25 from
across Greater London. supporting them in the tronsition to adulthood. We work to build
confidence. skills, and knowledge by offering holistic and bespoke support to young
people in a way that is personal to them. providing them with the opportunity to direct
their own involvement. We are youth-led. guided in our opprooch by our independent
odvisory board (a group of seven volunteers aged 16-30 from diverse communities and
backgrounds). Their voices and insight offer strategic guidance and advise us on
pressing issues faced by young people. As o result. our core focus areas are:
Employment Support - supporting young people to secure employment. focilitating
employer encounters, and delivering professionol/personal skills training. As part of this
programme. we have a delivery stream tailored specifically to young people with
Special Educational Needs and Disabilities (SEND).
Leadership training and mentoring - training young people to become strong and self-
reliant individuals. preparing them to become the next generotion of community and
business leaders.
Youth Voice- encouroging young people to find and use their voice, stimulating social
action and moking change in their local communities.
All our projects are supported by training and skills development programmes that
make user participotion meaningful. We strongly believe in good project evaluation
(outputs & outcomes) and have adopted concrete evaluation and measurement
frameworks.
Additional information of obj ectives and activities
Sculpt continued to consolidate its position as a respected and trusted partner across
London and internationally throughout this financial year, ond delivered services ond
programmes that had a significant positive impact on its service users and the society.
We delivered conducted six projects in the areos of employability. youth leadership and
youth voice during the course of this year. We also offered strategic support and
guldance to the West London and Central London Careers Hub as part of their
Cornerstone Employer Groups.

Highlights included..
27 partnerships formed with local schools across London
21 employer partnerships created to support the delivery of progrommes
51 corporate volunteers engaged in our work experience support programmes
6 youth-led projects delivered
1 celebration event hosted to reward and recognise the achievements of young
people
12 Youth Advisory Board meetings
6 Internships hosted for young professionols
Delivered best practice presentations at 2 SEND Community of Practice events
Working in partnership with our international network. we provided 6 internships for
young people from the USA. We estimate that through these opportunities and our
programmes. directly and indirectly. we benefited hundreds of marginalised members
of the international community. young people. individuals wanting to be heard. decision
makers ond public services. opinion formers and like-minded organisations.
Awards and Recognition
Sculpt maintained the National Youth Agency Advonced Level Quality Mark for our
work with young people. as well as remaining a certified as a Living Wage employer
and a provider of CPD accredited training.
Funders
We are grateful to our funders. sponsors and donors without whom we would be unoble
to continue delivering our charitoble objects. This year we received grants from Better
Bankside, Central London Careers Hub. City Bridge Foundation, Notionol Citizens
Service. National Lottery, P05tcode Society Trust. Shaftesbury Young People's Trust.
Tottenham Grammar School Foundation. West London Coreers Hub, Woodroffe Benton
Foundation. UK Youth.

Pro
ect Name
Ignitlng Futures: Spork
Summar
rojects Carried oirt 1 April 202> 31 March 2024
is on intensive one-week work experience programme for young people oged 14-16.
During ihis progromme young people develop skllls by creotlng Sculpi campalgns ond
goining personolised life skills tralnlng on,. healthy relotionships. sloying sofe online ond
fÉnding your voice, Thls week is focused on buildlng skills for coreers in o ronge of sectors.
includin
the voluntor
sector.
is on opportunity lor SEND young people oged 14 - 16 who would like lo develop work
reloted skills Inclvding Mlcrosofi offlce. customer servlce. boslc budgeting ond CV
developmenl. Young people ore 0150 given the opportunily of o work plocement In week 5
with a disobility confldent employer. During the progromme youn9 people receive.. 1..1
bespoke workplori. face-to-face developrnenl doys both the Sculpt UK office and ol the
young person's place of educaiion. CV developmeni opportunbtles. o work placemeni ond
on inlervlew skills sesslon,
Igniting Future5 is o development opportunity for young people aged 14-16 on Free School
Meols or ol risk ot becomlng NEET to develop work related skills (business plonning. sociol
medio, sustainobility & digitol skills including coding). get advice from industry experts ond
develop o bespoke I'.I workplon with o member of the Sculpi senior monogement teom.
Toking ploce one doy o wèek over six-weeks. during the progromme young people
receive Support developing o I-I workplon. foce ro foce developmerit days including
'coreer spoilighis. with indLSSiry professlono15 from a vorieiy of bockgrounds. personalised
life skills iroinin
on heolth
relatlomshi
s. sto in
sofe online. findin
our voice.
Leorn2Work is a bespoke employmeni support programme for young people oged 16-18
with Speciol Educolionol Needs and Di50bililies (SEND). designe¢Y to help novlgaie the
journey to employobilily. This programme connecrs young people with employers,
dellvers skill bullding workshops ond focilitaies networklng opporiunllies. Young people
toke part in bespoke career plonning. professionol skill development workshops. work
experience plocements with employers thoi meets their interesls ond coreer gools.
personolised essentiol skills and living independently troining. CV development workshops.
mock Intetviews ond networkin
portunities.
Funded by the Beiier Bonkside Buslness Improvement District this is o summer
progromme for young people oged 16 - 18 years old. designed 10 get young people reody
for the world of ,Nork by meeting o ronge ol Bankside employers ond creoting o sociol
action project for the locol communliy.
of funded
Ignltlng Futures: In Your
Element
Ignltlng Futures: Power
Up
Learn2Work
Bonkslde Futures
Young people leorn oboul the world of work ihrovgh toilored workshops. work experience
Mornings. nelworking opportunilies and mock tnrerviews. Additionolly. in smoll ieoms they
vse the skllls ihey hove developed ro creote a soc*ol oction project obour something they
core aboul thot is affecring Souihwork ond present this to friends. fomily, employers ond
locol businesses ot the end of the
ro ramme.
Trust In You is funded by City Bridge Foundotion ond alms io develop young people's
skills oround leodership ond governance. working in ihe chorily sector and sociol aclion.
The gool of this projeci is to get more young people on Iruslee boords in ihe UK. ond to
troin ond guide trustees on hovlng young people on their boords. We ore training young
people ond preporin
them for irustee
osifions,
Trust in You
Core work
Youth Advisory 8oard
Summary of un-funded projects corried out 1 April 2023 - 31 March 2024
Our Youth Advisory Boord comprises of seven young people aged 15-28 from o ronge of
bockgrounds. The Youth Advisory Boord meets with the senlor monogemenl leom once a
month ond has a seot on the Boord of Trustees.

Financial Review
Overoll. Sculpt had incoming resources for the yeor of £166.568. Expenditure for the year
stood ot £224.430. This is in port due to multi-year projects where pre-financing wos
made in the previous financial yeor but work delivered in this one,
Restricted incoming resources for the year were £160.658. This represents a slight
decrease from last year's restricted income. which stood at £176,102. The unrestricted
incoming resources for this year were £5,910. which is in line with last year's unrestricted
incoming resources of £5.956. Expenditure on charitable activities decreased from
£356.513 to £223.650.
Treasury Policy
The charity hos the power to invest its monies which ore immediotely 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 a few funds for medium term investment. Having
considered the options available. the Board has taken a balanced approach to
investment ond has its portfolio across o smoll number of easy-access bank deposit
accounts. As of 31st March 2024. the charity had access to instant cash in its accounts
of £73.190.
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 ossets held by the chority should be three - six
months of resources expended. 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.
10

Other Operational Information
External Plans for 2024 - 2025
For many years Sculpt has empowered and developed British young people through
participation in trans-national programmes that enobled young people to develop skills
and experiences. and their collective agency through international virtual and physical
exchange. participation in international networks and structured placements. This
programme of work was in response to the ambition of young people to create chonge
on an international scale and to flourish as global citizens.
Our new ombition is to bring this expertise to UK-wide projects that tackle issues
affecting young people such as employability. finding and using their voice and knowing
how to lead change in their communities. We will continue to modify our delivery model
to create inclusive and accessible opportunities for young people to access our services.
We will be working on diversifying our funding by developing corporote partnerships
with UK-based firms to strengthen our obility to support and provide services to
marginolised communities through partnership working. We will continue to offer high-
quality internships to young people both from the UK and abroad.
Provided that we continue to receive our current and new funders. support we
will:
Consolidate our re-launched Youth Advisory Board to ensure thot they are at the
heart our governance structures. and recruit new members through an open and
transparent recruitment campoign
Continue to expond our flagship Igniting Futures. Leorn2Work. Bankside Futures
and Building Connections employability progrommes, building our on work of
diversifying the programmes to work with several strands of the programme
including young people at risk of NEET. SEND students and care-experienced
young people
Continue to evaluote our existing programme and develop high-quolity impact
measurement data
Continue to deliver our youth leadership programmes through our Young Trustee
Programme
Build and expand our Alumni network where young people who have enrolled in
one of our programmes can access peer-support, job and volunteer
opportunities and a bank of mentors
Develop more and new partnerships with employers. academic institutions.
voluntary and community sector orgonisotions and governments locally.
nationally and internotionally
Continue to provide internships and high-quolity volunteering opportunities each
year for young people
Internal Plons for 2024-2025
Increose our staff capacity so that we can develop both the volume ond reach of
our Youth Leadership and Youth Employobility programmes
11

Develop o service delivery model that ollows us to diversify our income
Review our offer to potential corporate partners and increase our scope and
reach
Recruit a new Choir of Trustees and Treosurer to the Board of Trustees
Provide a structured mentoring programme for young trustees ond recruit a
graduate from the Trust in You programme to our Board of Trustees
Recruit new members to our Youth Advisory Board
Review our evaluation and impact measurement tools to ensure they can be
scaled up ond remain fit for purpose
Statement of responsibilities of the trustees
Company law requires the Board of Trustees to prepare financial statements for each
financial year which give o true and fair view of the state of the affairs of the charitoble
company as at the bolance 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:
select suitoble occounting policies and then apply them consistently;
make judgements and estimates that ore reosonoble and prudent: and
prepare the financiol statements on the going concern basis unless it is inappropriate
to assume that the company will continue on that basis.
The Trustees are responsible for maintaining odequate accounting records which
disclose with reasonable accuracy at any time the financial position of the choritable
company and to enable them to ensure that the finoncial statements comply with the
Companies Act 2006. The Board is also responsible for safeguarding the assets of the
charitable company and hence for toking reasonable steps for the prevention and
detection of fraud ond other irregularities.
Members of the Management Committee (Board)
Members of the Manogement Committee, who ore directors for the purpose of
compony law and trustees for the purpose of charity law. who served during the year
and up to the date of this report are set out on page 3. All trustees give their time freely
and no trustee remuneration was paid during the year. Details of trustee expenses ore
disclosed in the accounts.
Independent Examiner
Burgess Hodgson was appointed as Independent Exominer for 2023-24, following o
competitive tendering process as part of Sculpt procurement policu.
This report has been prepared in accordance with the speciol provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act
2006.
Approved by the Nanagement Committee on
12

and signed on its behalf by Richard Elliott
Trustee..
. 2024
13

Independent Examiner's Report on the Accounts
Report to the trustees/members of Independent Academic Research Studies International Institute
on the accounts forthe year ended 31st March 2024 set out on pages 16 to 26.
Respective responsibilities of trustees and examiner
The Charity's trustees (who are also the directors of the company for the purposes of company lawl
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 Art} does not apply, and that
there is no requirement in the governing document orconstitution of the Charity forthe 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:.
examine the accounts under section 145 of the Act;
follow the procedures laid down in the General Directions given by the Charity Commission
under section 145(5)Ib) of the Act. and;
state whether particular matters have come to my attention.
Basis of independent examiner's statement
I conducted my examination in accordance with the General Directions given by the Charity
Commissioner5 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 bythe Charity and a compari50n ofthefinancial
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, l express no opinion as to whetherthe financial statements give atrue
and fair view of the affairs of the charity, and my report 15 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 l obtain written assurances
from the trustee5 of 211 material matters.
The gr05s income of the charity in the year ended 31st March 2024 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.
14

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 record5 in accordance with section 42{3) of the Companies Act and
• to prepare accounts which accord with the accounting records, comply with the
accounting requirements of section 45{11 of the Act and with the methods and principles
of the Statement of recommended Practice: Accounting and Reporting by Charitie5 in
accordance with Regulation 31, 33 and 40 of the 2008 Regulation
2. has not been met. or
3. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
Kent
CTI 3DN
Date
IDlizle(>lP
15

Statement of Financial Activities (Incorporating an Income and Expenditure
Account) for the year ended 31 March 2024
Statement of Financial Activities (IncludTng Income and Expenditure)
for the year ended 31 March 2024
Unrestricted Restricted
2024
2024
Total
2024
Total
2023
Note
Incoming Resources
Income from:
GranTs, Donations and Sponsorship
Chari-. èble att*lVlties
Other sources
750
1,495
39
3.626
5,910
160.658
161,408
1,495
176,102
2,6&1
219
Inves-.men&S
3,626
166,568
3,053
182,058
TOTAL INCOMING RESOURCES
160,658
Resources expended
Exp•ndifure on-
Generating voluntary income
Charitable activities
Governance costs
TOTAL RESOURCES EXPENDED
1,024
222,626
780
223,650
780
356,513
I,iio
357.62J
1,024
223,406
224,430
Net Income / expenditure
4.886
162.7481 157,862)
1175,566}
Transfers be¥l'oepn fund5
162,7491
62,749
Balances brouaht fonvard
83lances carried fonvard
145,073
87,210
145.07?
87,210
320,639
14i,073
The chority has not recognised 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 1-10 are on poges 16-22.
16

Balance Sheet as at 31 March 2024
Note
2024
2023
Fixed Assets
Tangible assets
751
1,127
1,127
751
DebLors
Cash at bank and in hand
49,279
73,190
122.469
256,5>8
325.928
Current Liabilities
Creditors: Amounts fallina due within one year
36,008
181,984
Net current assets
86.461
143,945
TOTAL NE[ ASSErs
87.?10
145,073
The funds of the charity
Restricted income funds
UnresLritted income funds
TOTAL FUNDS
87,210
87,210
145,073
145,073
The directors are satisfied that for the year ended on 31 Morch 2024 the choritable
compony was entitled to exemption from the requirement to obtain an audit under
section 477 of the Companies Act 2006 and that no member or members have required
the company to obtoin on oudit 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 12.
The director(s) acknowledge their responsibility for complying with the requirements of
the Companies Act 2006 with respect to accounting records and the preparation of
occounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the
Companies Act 2006 opplicoble to companies subject to the small companies regime
and in accordance with FRS102 SORP.
17

The directors acknowledge their responsibility for ensuring that the company keeps
proper occounting records which comply with section 386 of the Act and for preparing
financial statements which give a true and fair vlew of the state of affoirs of the
company as at the end of the financial year and if its profit and loss for the 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 accounts. so far os
opplicoble to the company.
Approved by the board of trustees on
signed on behalf by.,
and
Trustee..
(The notes numbered below (pages 16-22) form part of these financial statements)
18

Notes to the Financial Statements for the Year Ended 31 March 2024
Basis of Preparation
The financial statements hove been prepared in accordance with all
applicable accounting standards. as modified by the FRS 102 SORP. The
accounts have been drawn up in accordonce with the provisions of the
Charities (Accounts ond Reports) Regulations 2008 and the Companies Acts
and include the results of the charity's operations which are described in the
Trustees, Report. all of which are continuing.
Advantoge hos been taken of Section 396(5) of The Companies Act 2006 to
allow the format of the financial statements to be adapted to reflect the
special nature of the charity's operation and in order to comply with the
requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting
Standard No 1 from the requirement to produce a cash flow stotement.
The particulor accounting policies adopted are set out below.
Income
Income represents amounts receivable during the year. Grants and donations for
specific purposes are treated as income in the year for which received. Income
received during the yeor for future periods is treated as deferred income. Donated
services are included at a price the chority estimates it would hove to pay in the open
morket.
Fund accounting
Restricted and unrestricted funds are separately disclosed. as set out in note 9. The
different funds held are defined os follows..
restricted funds are subject to specific restrictions imposed by the funder.
unrestricted funds are available to spend at the discretion of the Executive
Committee in furtheronce of the charitable objectives of the company.
Expenditure
Expenditure is accounted for on an occruol 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. Charitoble 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. Governonce costs are those incurred in
connection with administrotion of the charity and compliance with constitutionol and
statutory requirements.
Tangible f ixed assets and depreciation

Notes to the Financial Statements for the Year Ended 31 March 2024
Tongible fixed assets costing £500 and over are capitalised ond they are stated at
cost less accumulated depreciation. Depreciation is provided ot rates calculated to
write off the cost or voluation of fixed ossets, less their estimated residual value, over
their expected useful life on the following basis:
Office Equipment - 25% Straight line basis
Furniture ond Fixtures - 250/0 Straight line basis
A full year's depreciotion is charged in the f irst year of use of the asset.
Pension costs
The company make payments to individual defined contribution schemes for
employees,
Contributions payoble for the year are charged to the income and expenditure
occount.
Going Concern
The f inoncial 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 os a going
concern. The trustees note that whilst the expected level of fundraising income is
uncertain due to the nature of the gront-giving process. there has been a steady
stream of income granted and a diverse number of bids in the pipeline up to and
including the date of authorisation of these accounts: some of which cover the 25/26
financial year. The trustees are sotisfied that this will continue over next 12 months.
from the date of authorising these f inoncial stotements.
Taxation
No provision has been made for Corporation Tax in the financial statements. The
Company is o registered charity and in the opinion of the directors the compony's
income falls within the statutory limits.
20

Notes to the Financial Statements for the Year Ended 31 March 2024
3 Incoming ResouiGe5
UnrestFicled Resiwicted
Funds
Funds
2024
2024
To¢al
Funds
2024
Tolal
Funds
2023
Voluntary Income - GraThts. Don*ions and Sponsorship
CASYE
Toiiènham Grammar school
Awèrds lor all
SVP Trust
EwopeaTr ConvThission- ERASMUS + Children First
ESC- European Solidariiy Coips
FREE
43.496
5.000
S.450
16,950
5.QC(I
9.450
16.850
11.393)
113.982)
28.381
25.008
25.008
City BfidgeFoundatic
Queei Migrants
Shanarani BC
Reed in PartneFship
Educ*ioTr developmenr Trust
Postcode Lotlery
NCS Tiust
You ween
Yes Project
Jack Petchey Foundatton
Bett￿ Bankside
Oiher donations and grants
Gilts in Kuid
24.950
24.950
34.818
51a8S
1.658
S50
18.800
39.237
18751
110)
950
18.900
39.237
18751
110)
22.827
782
3.827
18.640
800
18.640
1.550
750
5.950
750
160.658
161.408
176.102
Incoming Tèsouwces Iiom charliable actlvities
Consdtancy and event leos
Trainlng servioos and publlcation leos
Research and Publt¢ SpèakiTrJ
Other Aciivilies
1.495
1.495
1.435
1.495
Othe¥ Incoming tesowces
Miscellanèous
JRS Grani
CovidGf&
2.684
2.684
38
39
219
39
39
219
Investment Income
8ank intÈiest ieceivabl*
3.626
3.626
3.053
Total Incoming Resouices
5.910
166.568
182.058
Gifts in Kind
Donated Sèrvices- Academic Boa¥dlPro bo￿ I
Donatedservices-youth Advisory Board
21

Notes to the Financial Statements for the Year Ended 31 March 2024
4 Resources Expended
COSES ol
Cosis OF
Genetaiing Charitable Jvemance
Funds
Acii¥lt1*5
Costs
Total
Z024
Total
Siall Cosis
PL4blicaiions
LegalFees and Consuliingcosts
EvèntsandActivities
partn￿shIp Paymenls
VVI￿NI￿r$. ¢osts
Rent and seFvice charges
Ollicpcosis
Bad debi e￿Pense
DepieGiation charges
Total Resour¢es Empended
161.t156
161.456
203.022
9,061
2.831
24.405
780
9,841
2.831
24.405
21.984
3.622
75.016
18.172
33.508
1.736
75￿17
10.504
15.017
10,504
376
223.650
376
780 224.430
S64
357.623
Uniesiiicted •xpendilur*
ReS￿iCted expendilulè
Total ResoutoÉ%s Expended
1,024
222,826
223.650
1.024
223.406
224.430
3.784
353.838
357.623
780
760
Govemance Costs1r￿ludQlnd&pèftdent eX￿￿￿tIon£780(2O23. £7801, trusiees iotal expense £Nil12023.. £NS11.
Z024
2023
Net oulgoing resouices for the yeai
This is ￿ared alifri Charg￿g=
hdependentExamin*i
Dèpieciatio
780
Sialf cosis includw.
Salawies
Sooial security cosls
PenS￿n5 Idelined coN¥li )ution schem*. Tho PTepaIdcontskntic￿5)
142.873
8.963
5.305
157.141
356
3.461
498
161.456
175.043
13.008
7.013
195.064
1.137
6.820
Tiairdng
Travel
AètttLuiment
203.022
The avetèg+numberol fd lime eqjivalent empwes dutln9 the year
(all substantiamylor ¢haiitable acEiviliesl
Noemploy••was iÈmun¢tatèd 9reater than t60￿Cl] p9r aThnum12023.. t60.0001.
TrUs￿e Expenses
Tho Tlustees received £Nsl in expenses in £hg year.
22

Notes to the Financial Statements for the Year Ended 31 March 2024
5 Fixed Assets
Tangible Fixed Assets
IT and office
equipment
Cost
Ai ISL April 2023
Additions
Disposals
At 31st March 2024
15.811
15,811
De
reciation
At IsiApril 2023
Charge for the year
Disposals
At 31st March 2024
14,684
376
15.060
Net Book value
At 315t March 2024
751
At 31st March 2023
1.127
6 Debtors and Prepayments
2024
2023
Grant debtors
A￿r￿ed income
PrepayrnenLS
Other debtors
30.631
14.981
3,667
65.723
3.067
49,279
69.391
7 Cash at bank and in hand
2024
2023
Current accounts
Deposit accounts
OLher Accounts
Cash
2,593
94,568
Current Assét Investment190 days ivithdraival noLice period)
Current Asset Investmeni (mature in less ihan one year}
Current Asset Investment (mature in more Lhan one year)
70,597
161.970
73,190
256.538
23

Notes to the Financial Statements for the Year Ended 31 March 2024
8 Creditor5: amounts falling due within one year
2024
2023
Accruals
De',•rred income
0.her credi Lors
Trade CrediTor
2,966
25,203
887
6,952
36,008
2,968
135,697
38,614
4,704
181,9&1
9 Reconciliatton of Funds
Transfers
Between
Fund5
Opening
Balance
Movement in Funds
Incoming
OutgoinE
Closing
8alance
Restiirted Funds
CASYE
Tottenham Grammarschool
Awards for all
SYP Trust
ESC - European Solidarity Corps
City Bridge Foundation
Que•r Mi8rant5
Shanarani BC
Reed in Partnership
Education dovelopment Trusr
Pos*codè Lottery
N'CS Trus&
You Vleen
Yes Proiect
8a:".er 8anksid
0.h￿r donations and grants
Gi*=5 In ¥ind
-108
-5936
-11220
108
936
1770
4467
4.683
4.672
221
13901
311
178
5.538
9.608
794
12251
6,069
24,009
5000
9450
16950
25008
24950
129,6901
129,6221
12211
390
1,9691
11,1281
124.4381
148,846¥
1658
950
18900
39237
-875
-10
18610
800
124.7091
124.8091
Uhiestricted Funds
Geriéral UnresTrict&d Funds
160,058
{223.4X)7)
62.749
145.073
5.910
11,0241
162,7491
87.210
Total Fund5
145,073
166,568
1224.4311
87.210
24

Notes to the Financial Statements for the Year Ended 31 March 2024
Purposes of Restricted Funds
Igniting Futures: Spark
This is on intensive one-week work experience programme for young people aged 14-
16. During this programme young people develop skills by creating Sculpt campaigns
and gaining personalised life skills training on.. heolthy relotionships. stoying safe online
ond finding your voice. This week is focused on building skills for careers in a ronge of
sectors, including the voluntary sector. Funded by Notional Lottery Community Fund for
2023-24.
Igniting Futures." In Your Element
In Your Element is on opportunity for SEND young people oged 14- 16 who would like to
develop work related skills including Microsoft office, customer service, basic budgeting
and CV development. Young people are also given the opportunity of a work placement
in week 5 with a disability confident employer. During the programme young people
receive.. 1.1 bespoke workplan. face-to-foce development days both in the Sculpt UK
office and at the young person's place of education, CV development opportunities. a
work placement ond an interview skills session. Funded by SYP Trust and Tottenham
Grammar School Foundation for 2023-24.
Igniting Futures.. Power Up
Igniting Futures is o development opportunity for young people aged 14-16 on Free
School Meals or at risk of becoming NEET to develop work related skills (business
planning. social medio. sustainability & digital skills including coding), get advice from
industry experts and develop a bespoke 1..1 workplon with o member of the Sculpt senior
manogement team. Taking place one day a week over six-weeks. during the
programme young people receive support developing 0 1.1 workplon. face to face
development days including 'career spotlights. with industry professionals from a
variety of backgrounds. personalised life skills training on healthy relotionships, staying
safe online, finding your voice. Funded by Postcode Lottery Trust for 2023-24.
Learn2Work
Leorn2Work is a bespoke employment support programme for young people aged 16-
18 with Special Educational Needs and Disabilities (SEND). designed to help navigate the
journey to employability, This programme connects youno people with employers,
delivers skill building workshops ond focilitates networking opportunities. Young people
take part in bespoke career planning. professional skill development workshops. work
experience placements with employers that meets their interests ond career goals.
personalised essential skills and living independently training, CV development
workshops, mock interviews and networking opportunities. Each young person will take
part in a placement that lasts around 6-8 weeks for one day o week. Activities are
delivered in their own school setting. in the Sculpt offices. and in external employer
settings. This project is Funded by National Citizens Service and is o two-year
programme running from September 2023 - March 2025. In 2023-24 we supported 44
young people through the programme.
25

Notes to the Financial Statements for the Year Ended 31 March 2024
Bonkside Futures
Funded by the Better Bankside Business Improvement District this is o summer
programme for young people aged 16 - 18 years old, designed to get young people
ready for the world of work by meeting o range of Bankside employers ond creating a
social action project for the local community.
Young people leorn about the world of work through tailored workshops. work
experience mornings, networking opportunities ond mock Interviews. Additionally, in
small teams they use the skills they have developed to create a social action project
about something they care about thot is affecting Southwark and present this to friends,
family. employers ond local businesses at the end of the programme.
Trust in You
Trust In You is o two-year project funded by City Bridge Foundation running from April
2023- March 2025. Trust in You aims to develop young people's skills around leodership
and governonce, working in the charity sector and social action. We are training young
people and preporing them for trustee positions.
The gool of this project is to get more young people on trustee boards in the UK. and to
train and guide trustees on having young people on their boards.
10 Analysis of Net Assets between Funds
Unrestricted Restricted
Funds
Fund5
2024
Total
2023
Total
Fund balances are represented by:
Tangible fixed assets
NeL current asseLS
87,21Q
87,210
145,073
87,210
87,210
145,073
Transfers to Fixed Asset Fund are the costs of fixed assets purchased from and applied
to restricted funds.
The resulting balances cre the amounts remaining in those funds to be spent for the
purposes for which the funds are given.
Depreciation charges on the fixed ossets purchased are applied to the Fixed Asset Fund.
26