Company registration number: 05348191 Charity registration number: 1124590 

## **INDEPENDENT ACADEMIC RESEARCH STUDIES INTERNATIONAL INSTITUTE** 

## **OPERATING AS SCULPT UK** 

**TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 



Independent Academic Research Studies International Institute
Contents
Page
Reference and Administrative Details
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities (including Income and Expenditure Account)
Comparative Statement of Financial Activities (including Income and Expenditure Account)
io
Balance Sheet
li
Notes to the Financial Statements
12-18
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Independent Academic Research Studies International Institute
Reference and Administrative Details
For The Year Ended 31 March 2025
Trustees
Mr Angus Berry Trustee (appointed 18/1212024)
Mr Edward Sidebotham Trustee {appointed 1811212024)
Ms Emilie Kushner - Trustee (appointed 1811212024)
Ms Emily Poyser - Trustee
Ms Rabab Halabi Trustee
Mr Richard Elliott - Trustee
Company Secretary
Dr Claire Bonham
Charity Number
1124590
Company Number
05348191
Registered Office
Sculpt South Bank Technopark
90 London Road
London
SEI 6LN
Independent Examiner
Riz Wasti FCMA - 2E Accountants Ltd FCMA
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Independent Academic Research Studies International Institute
Company No. 05348191
Trustees. Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
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=
(al Providing an infrastructure, training. guidance 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 and understanding of the issues which affect them including amongst 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 dirertly with young people, employers and professionals who support young people. All our work is guided by
young people thernselves and based on carefully researched evidence. We=
Facilitate forums for young people to make their needs and their voices heard
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 active 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 5UPPOrt 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 shaping their communities.
Our impact will be:
Improved knowledge:
Young people gain knowledge and skills in several 'life-skills' areas such as busines5. entrepreneurship, financial
management, healthy relationships, leadership, public speaking. negotiation skills.
Improved confidence:
Young people gain confidence that they know how to ensure their voices are heard. and a sense of purpose.
Improved attitudes:
Young people understand how discrimination and stereotypes can be damaging to their relationships with others and their
future choices. They will have an outward focused attitude and will value international partnership and collaboration.
Improved agency:
Young people increase their participation with key stakeholders in their local community and take positive action to further
their career options. They will build positive and collaborative relationships amongst themselves and with peers, support
networks and parents.
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Independent Academic Research Studies International Institute
Trustees. Report (continued)
For The Year Ended 31 March 2025
Public Benefit
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. Sculpt remains focused on its charitable objerts and mission. Sculpt 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 remain youth-led and we take pride in running programmes that directly benefit young people and the wider
community.
Sculpt support young people to shape their own future. Our vision is that we live in a society where young people can be
fulfilled through their education, work and participatiotb in wider society.
Sculpt is a UK-based charity with over 20 years, experience of working with young people aged 14-30. We empower them
to shape their futures in the transition from education to work and to break down barriers to opportunity, equipping them
with life-skills, knowledge and prartical work experience.
Our work is guided by young people themselves and based on carefully researched evidence. Sculpt has a Theory of Change
which underpins our work, and links - our mission. why we work with young people. what we do and the impact it has on
young people'5 lives and wider society.
Sculpt addresses four interconnected areas that contribute towards our vision-
Employability
Well-Being
Voice
Opportunity
We create change across three level5:
l. Young People:
Through our programmes, participants-
Build confidence, resilience, and self-awareness to pursue life and career goals.
Develop independence, amplify their voices, and exercise real agency in shaping their futures.
strengthen personal and professional skills to increase readiness for work and further education.
Raise aspirations, set clear ambitions, and stay motivated to achieve them.
2. Support Networks:
We work with schools, businesses. and community partners to foster inclusive environments where young people can
thrive. Specifically we..
Equip schools to deliver tailored, effective employment support.
Help businesses understand and engage meaningfully with the future workforce.
Promote social rnobility through more equitable opportunities.
3. Society:
Our wider impact includes..
Enhancing social cohesion by increasing youth participation in civic and community life.
Strengthening relationships among young people, their families, and communities.
Contributing to a more inclusive society that values and invests in youth potential
We are deepening our understanding of long-term outcomes through our alumni network. For example, 25Wo of recent
graduates from our young trustee training programme have since secured trustee roles, directly applying the skills and
confidence developed through our support to benefit both their own growth and the effectiveness of the charities they now
serve.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Att 2011 to have due
regard to the Charity Commission's guidance on public benefit.
Additional Note
Additional information of objectives and activities
Sculpt continued to consolidate its position as a respected and trusted partner across London and internationally throughout
this financial year, and delivered services and programmes that had a significant positive impact on its service users and the
society. We delivered six projects in the areas of employability, youth leadership and youth voice during the course of this
year. We also offered strategic support and guidance to the West London and Central London Careers Hub as part of their
Cornerstone Employer Groups.
.CONTINUED
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Independent Academic Research Studies International Institute
Trustees. Report (continued)
For The Year Ended 31 March 2025
Additional Note - continued
We work directly with young people and currently run a series of programmes to support them, such as: Igniting Futures,
Learn2Work, Trust in You, Voice Up, Building Connertions and Bankside Futures. We also run short events for partner
organisations. These programmes and events are flexible and each project is adapted to meet the needs of young people
and organisations related to that specific projert.
Our programmes are complementary to the work of employers. schools, further/higher educations, careers hubs and local
government. We address specific gaps in the interfaces betv4een these partners, focusing on building the skills of young
people to enable them to succeed in the transition between school. higher/further education and work.
In particular, we are skilled in tailoring our work to meet the needs of SEND or NE￿ young people. And we encourage
diversity through a range of measures such as accessible venues. advertising across a range of fortnats and using our
extensive contacts.
What we do and how we do it is also informed by the Sculpt Youth Advisory Board, consisting of young people who meet
monthly to advise the Sculpt Board on matters such as the needs of young people, product design and programme impact.
In addition, we have a Sculpt Alumni community who contribute to the development of our work.
In the year 2024-25, we worked with:
Over 450 young people
30+ employers and 120 business volunteers
29 schools
3 Careers Hubs
9 London Boroughs.. Camden, Croydon. Ealing. Haringey. Hillingdon. Lambeth, Southwark, Tower Harnlets, Wandsworth
This year our programmes have consistently delivered measurable, positive results. For example..
870/0 of Igniting Futures participants reported increased confidence in identifying their skills and interests.
81 % of Learn2Work participants felt more capable of managing personal finances.
85 % of all employment programme participants felt more employable after completing their programme.
80 % of Bankside Futures participants reported greater confidence in driving social change.
IOO¥o of Trust in You participants felt better prepared to pursue trustee roles or take on broader leadership
responsibilities in the charity sector.
Working in partnership with our international network, we provided 7 internships for young people from the USA. We
estimate that through these opportunities and our programmes. directly and indirertly, we benefited hundreds of
marginalised members of the international community, youtbg people. individuals wanting to be heard, decision makers and
public services, opinion formers and like-minded organisations.
Awards and Recognition
Sculpt rnaintained the National Youth Agency AdVan￿d Level Quality Mark for our work with young people, as well as
remaining a certified as a Living Wage employer.
Funders
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 and funding from Better Bankside, Central London Careers Hub, City Bridge
Foundation, Elephant & Castle Community Fund. Hyde Housing, Garfield Weston. NCS Trust, National Lottery, Postcode
Society Trust, Shaftesbury Young People's Trust. South London Careers Hub, Sovereign Housing, Team London Bridge,
Tottenham Grammar School Foundation, West London Careers Hub, Waterloo and Southbank Neighbours, UK Youth and
Cocacola Europacific Partners.
Financial Review
Financial Position
Overall, Sculpt had incoming resources for the year of £185.755. Expenditure for the year stood at £220,658.
Restricted incoming resources for the year were £147,567. This represents a slight decrease from last year's restricted
income, which stood at £160,659. The unrestricted incoming resources for this year were £38,188, which is an increase on
last year's unrestricted incoming resources of £5,909. Expenditure on charitable activities decreased from £224,430 to
£220,658.
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Independent Academic Research Studies International Institute
Trustees. Report (continued)
For The Year Ended 31 March 2025
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 unrestrirted funds not committed or invested in tangible fixed assets held by the charity
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. Whilst we
continue to maintain a diversified funding strategy to ensure our reserves are adequately maintsined, we have also set
aside designated closing costs should we experience a significant and unexpected drop in funding.
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 frorn 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
vailable, the Board has taken a balanced approach to investment and has spread its portfolio across a small number of
easy-access bank deposit accounts. As of 31 March 2025 the charity had access to instant cash in its accounts of £91,421.
structure. Governance and Management
Governing Document
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-proffit 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 user-focused 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 frorn Independent Academic Research Studies to Independent Acadetnic
Research Studies International Institute (known as The IARS International Institute) reflecting its growing international
reach.
In 2021 IARS underv¥ent a rebranding exercise and adopted a new working name of Sculpt in March 2022, although the
legal company name remains the IARS International Institute.
In the event of the company being wound up. members are required to contribute an amount not exceeding £1.
Trustee Selection Methods
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 rnay a150 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. Sculpt has an Equal Opportunity Policy which is applicable both internally to all staff, volunteers, the board and
externally. Sculpt also has a Safeguarding Policyi a User Engagement Policyi a Data Protection and Privacy Policyi Health
and Safety Policy, Policy on the Recruitment of Offenders and Ex-offenders and a Volunteering Policy. Sculpt has an
Employee Handbook and a Finance Management Handbook and Policy.
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 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 and implemented. Copies of Sculpt's publications are distributed
to all new Board members along with the Memorandum and Articles and the latest financial statements. Sculpt delivers
Trust in you
a training programme specifically for young people who wish to become charity Trustees
and have recruited
one of the 2024 graduates onto the Sculpt Board. The Youth Advisory Board also has a permanent, rotating seat on the
board. Tailored training on governance, an induction and external trnining opportunities are all offered to new and existing
trustees.
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Independent Academic Research Studies International Institute
Trustees. Report (continued)
For The Year Ended 31 March 2025
Additional Note
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 Finance, 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,
governance and finance5. This process involves identifying risks and prioritising them in terrn5 of potential irnpact 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
and senior staff twice a year.
Other Information
Other Operational Information
External Plans for 2025 - 2026
Sculpt plays a vital role in providing programmes that change the lives of young people, focusing on the transition from
school and education into work. Young people and our partners tell us that our work succeeds in bringing about change, but
to fulfil our vision we are ambitious to grow our programmes and reach more young people in the years ahead.
Provided that we continue to receive our current and new funders, support we will=
Continue to expand our flagship Sparking Futures. Igniting Futures. Learn2Work and Bankside Futures ernployability
programmes
Develop and pilot our Futures Unlocked programme. bringing together our age-specific employability strands into one
overarching programme
Continue to evaluate our existing programme and develop high-quality impact measurement data
Continue to deliver our youth leadership programmes through our Young Trustee Programme and offer this as a training
programme to young employees
Build and expand our Alumni network where young people who have enrolled in one of our programrne5 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 organisations
and governments locally, nationally and internationally
Continue to provide internships and high-quality volunteering opportunities each year for young people
Internal Plans for 2025-2026
Develop a service delivery model that allows us to diversify our income streams by increasing other types of service
provision such as training and consultancy.
Review our offer to potential corporate partners
RecrLJit a Treasurer to the Board of Trustees
Continue to strengthen the role of the Youth Advisory Board in various asperts of our governance
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Independent Academic Research Studies International Institute
Trustees. Report (continued)
For The Year Ended 31 March 2025
Statement of Trustees. Responsibilities
The trustees (who are also the dirertors of Independent Academic Research Studies International Institute 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 Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees
must not approve the financial staternent unless they are satisfied that they 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 the financial statements the trustees are required to:
selert suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP-
make judgments and accounting estimates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company
will continue in business.
The trustee5 are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the
financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial inforniation included on the
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other Jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subjert to the small companies
regime within Part 15 of the Companies Art 2006.
The trustees, report Was approved by the board of trustees and signed on its behalf by:
Mr Richard Elliott
Trustee
4 November 2025
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Independent Academic Research Studies International Institute
Independent Examiner's Report to the Trustees of Independent Academic Research
studies International Institute
For The Year Ended 31 March 2025
report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its dirertors 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 1"the 2006 Act").
Having satisfied myself that the accounts of the Cornpany 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 ('the 2011 Art'l. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5) {bl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe:
l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or
2. the accounts do not accord with those records- or
3. 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities 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.
Riz Wasti FCMA - 2E Accountants Ltd FCMA
4 November 2025
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Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investments
36.039
2.111
38
147,567
183,606
2,111
38
162,903
3,626
39
Other
38,188
147,567
185,755
166,568
EXPENDITURE ON:
Charitable activities-
Charitsble artivities
(73.091) (147,567) 1220,658) (224,430)
NET EXPENDITURE
(34.903)
{34,903) 157,862)
Transfers between funds
17
NET MOVEMENT IN FUNDS
(34.903)
{34,903) (57,862)
RECONCILIATION OF FUNDS:
Total funds brought forward
87.212
87,212
145,074
TOTAL FUNDS CARRIED FORWARD
17
52.309
52,309
87,212
The notes on pages 12 to 18 form part of these financial statements.
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Independent Academic Research Studies International Institute
Comparative Statement of Financial Activities (including Income and Expenditure
Account)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investments
other
2,244
3,626
39
160,659
162,903
3,626
39
5,909
160,659
166,568
EXPENDITURE ON:
Charitable activities:
Charitable attivities
{ 1,023) (223,407) (224,430)
NET EXPENDITURE
4,886
{62,748) (57,862)
Transfers between funds
17
{62,748)
62,748
NET MOVEMENT IN FUNDS
{57,862)
157,862)
RECONCILIATION OF FUNDS:
Total funds brought forward
145,074
145,074
TOTAL FUNDS CARRIED FORWARD
17
87,212
87,212
The notes on pages 12 to 18 form part of these financial statements.
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Independent Academic Research Studies International Institute
Balance Sheet
As At 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
FIXED ASSETS
Tangible Assets
12
376
376
751
376
376
751
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
12,335
53,673
5,000
37,748
17,335
91,421
49,279
73,190
66,008
42,748
108,756
122,469
Creditors: Amounts Falling Due Within One Year
14
(14,075) (42,748) {56,823) (36,008)
NET CURRENT ASSETS {LIABILITIES)
51,933
51,933
86,461
TOTAL ASSETS LESS CURRENT LIABILITIES
52.309
52,309
87,212
NET ASSETS
52,309
52,309
87,212
FUNDS OF THE CHARITY
Unrestricted Funds
52,309
87,212
TOTAL FUNDS
17
52,309
87,212
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies
Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Att with respett to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies Subject to the small companies
regime.
On behalf of the board
Mr Richard Elliott
Trustee
4 November 2025
The notes on pages 12 to 18 form part of these financial statements.
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Notes to the Financial Statements
For The Year Ended 31 March 2025
l. General Information
Independent Academic Research Studies International Institute is a company limited by guarantee. incorporated in England &
Wales, registered number 0534819 1 and registered charity number 1124590. The registered office is Sculpt South Bank
Technopark, 90 London Road, London, SEI 6LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 I
January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
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 year for future periods IS treated a5 deferred
income. Donated services are included at a price the charity estimates it would have to pay in the open market.
2.3. Resources Expended
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 artivities, costs comprise
direct expenditure including direct staff costs attributable to the relevant activity. Where costs cannot be directly
attributed they have been allocated to attivities 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 administrdtion of the charity and compliance with constitutional and statutory requirements.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets. less their estimated residual value,
over their expected useful lives on the followitbg base5=
Fixtures & Fittings
Computer Equipment
25% strdight line
25% straight line
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into steding at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction. Exchange differences are taken into account in arriving at the operating surplus.
Income from Donations and Legacies
2025
Unrestricted
Restricted
Total
funds
funds
funds
Donations and gifts
Grants
640
640
35,399
147,567
182,966
36,039
147,567
183,606
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
Total
funds
funds
funds
Donations and gifts
Grants
2,244
160,659
162,903
2.244
160,659
162,903
4. Investment Income
2025
2024
Unrestrirted Unrestricted
funds
funds
Interest on short-term deposits
2,111
3,626
5. Other Income
2025
2024
Unrestricted Unrestricted
funds
funds
Miscellaneous Income
38
39
6. Net Income/(Expenditure)
The net expenditure is stated after chargingl(crediting)-
2025
2024
Depreciation of tangible fixed assets - owned
375
376
7. Analysis of Expenditure
2025
Support
costs
(see note 8)
Charitable activities
220,658
2024
Activities
undertaken
directly
Support
costs
(see note 8)
Total
Charitable activities
27.237
197,193
224,430
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Support Costs
2025
Charitable
activities
Employee costs
Premises expenses
General adrninistration
182,981
19,779
17,281
409
Depreciation
Interest payable
208
220,658
2024
Charitsble
activities
Employee costs
Premises expenses
General administration
161,100
12,675
20,385
1,961
292
Depreciation
Interest payable
Governance costs
780
197,193
9. Independent Examiner's Remuneration
2025
2024
Independent examination of the financial statements
Other assurance services
700
780
Tax advisory services
Other financial services
700
780
10. Staff Costs
staff costs were as follows..
2025
2024
Wages and salaries
Social security costs
other pension costs
164,519
11,218
5.996
142,873
8,963
5,305
181,733
157,141
No employees received employee benefits {excluding employer pension costs) for the reporting period of more than £60,000.
11. Average Number of Employees
Average number of employees during the year was= 4 (2024.. 4)
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12. Tangible Assets
Fixtures &
Fittings
Cost
As at l April 2024
15,811
As at 31 March 2025
15,811
Depreciation
As at l April 2024
Provided during the period
15,060
375
As at 31 March 2025
15,435
Net Book Value
As at 31 March 2025
376
As at l April 2024
751
13. Debtors
2025
2024
Due within one year
Trade debtors
5,000
12,335
30,631
Prepayments and accrued income
Other debtors
14,981
3,667
Rent deposit
17,335
49,279
14. Creditors: Amounts Falling Due Within One Year
2025
2024
Trade creditors
2.549
4,090
6,952
Other taxes and social security
Net wages
Pensions payable
Accruals
Deferred Income
887
962
6.474
42,748
2,966
25,203
56,823
36,008
15. Deferred Income
Deferred income movements in the year were as follows=
2025
2024
Balance at the start of the period
Income deferred in the current period
Amounts released in incorne from previous periods
25,203
(25,207)
42,752
25,203
Balance at the end of the period
42,748
25,203
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
16. Pension Commitments
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.
During the year the charge to the statement of financial attivities in respect of defined contribution schemes was £5,996
(2024: £5,305).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditor5.
17. Movement in Funds
As at l April
2024
Asat31
Expenditure March 2025
Income
Unrestricted funds
General..
General unrestricted fund
87.212
(5,612)
(29,291)
52,309
Designated..
Garfield Weston
20,000
23,800
(20,000)
(23,800)
Postcode Lottery Trust
43,800
(43,800)
Total unrestricted funds
87.212
38.188
(73,091)
52,309
Restricted funds
Awards for all
2,462
17,622
24,700
6,657
6,650
8.149
8,550
30.192
8,292
4.640
3,333
2.920
23,400
(2,462)
(17,622)
(24,700)
16,657)
(6,650)
18,149}
(8,550)
(30, 192)
(8,292)
14,640}
(3,333)
12,920)
(23,400)
Better Bankside
City Bridge Foundation
E&C Community Fund
Education development Trust
Hyde Charitable Trust
London Borough of Richmond
NCS Trust
Reed in Partnership
Southbank and Waterloo Neighbours
Sovereign Network Group
Team London Bridge
UK Youth
Total restricted funds
147,567
1147,567)
Total funds
87,212
185,755
1220,658)
52,309
As at l April
2023
Asat31
March 2024
Income
Expenditure
Transfers
Unrestricted funds
General..
General unrestricted fund
Restricted funds
145,074
5,909
(1,023)
(62,748)
87,212
Awards for all
9,450
(11,220)
1,770
.CONTINUED
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Better Bankside
18.640
24.950
950
{24,709)
{29,622)
(1,128)
{29,690)
{48,846)
{24,809)
(24,438)
(221)
(1,969)
{21,417)
(5,936)
235
6,069
4,672
178
City Bridge Foundation
Education development Trust
ESC - European Solidarity Corps
NCS Trust
25.007
39,238
800
4,683
9,608
24,009
5,538
221
other donations and grants
Postcode Lottery
Queer migrant
Reed in Partnership
SYP Trust
18,900
1.658
16.950
5,000
(9)
(875)
311
4,467
936
{226)
794
Tottenham Grammar school
Yes Project
You Ween
81
{ 108)
390
CASYE
108
Shanarani BC
{390)
Total restricted funds
160.659
(223.407)
62,748
Total funds
145.074
166,568
(224,430)
87,212
Purposes of Restricted Funds
Summary of funded projects carried out l April 2024 - 31 March 2025
Voiceup
Voice Up, a free programme funded by SNG as part of the #iwill fund. is a youth voice and employability programme that will
provide skill developing opportunities for young people to become wellbeing champions in their local communities. Through a
four-week programme, students will engage in skill building Y4orkshops where they will not only learn how to look after their
own mental health and wellbeing but will also discover innovative ways of using their voice to tell their stories, advocate for
community level change and become active leaders within peer-peer support groups.
Igniting Futures: In Your Element
It Is an opportunity for SEND young people aged 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.. l.. I bespoke
workplan, face-to-face development days both in the Sculpt UK office and at the young person's place of education, CV
development opportunities, a work placement and an interview skills session.
Igniting Futures: Power Up
Igniting Futures is a 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 media, sustainability & digital skills including coding), get advice from
industry experts and develop a bespoke I: I workplan with a member of the Sculpt senior management team. Taking place
one day a week over six-weeks, during the programme young people receive support developing a l= I workplan, face to face
development days including 'career spotlights, with industry professionals from a variety of backgrounds, personalised life
skills training on healthy relationships. staying safe online. finding your voice.
Learn2Work
Learn2Work 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 young people with
ernployers, delivers skill building workshops and facilitates networking opportunities. Young people take part in bespoke
career planning, professional skill development workshops, work experience placements with employers that meets their
interests and career goals, personalised essential skills and living independently training, CV development workshops, mock
interviews and networking opportunities.
.CONTINUED
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Independent Academic Research Studies International Institute
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
17. Movement in Funds - continued
Bankside Futures
Funded by the Better Bankside Business Improvement District this is a summer programme for young people aged 16 - 18
years old, designed to get young people ready for the world of work by meeting a range of Bankside employers and creating a
social action project for the local community.
Young people learn about the world of work through tailored workshops, work experience mornings, networking opportunities
and mock interviews. Additionally, in small teams they use the skills they have developed to create a social action project
about something they care about that is affecting Southwark and present this to friends, family. employers and local
businesses at the end of the programme.
Building Connections
Building Connections is an employability programme for young people aged 16-25 funded by UK Youth and Coca-cola
Europacific Partners {CCEP) and run in partnership with Sculpt. The programme helps young people to identify their interests
and passions and give them the essential support they need to pursue their future goals.
As part of this programme, we will be running a series of employer encounters across various industries where young people
can learn about different careers and jobs, explore their interests. and network with employers.
Trust in You
Trust In You is funded by City Bridge Foundation and aims to develop young people's skills around leadership and governance,
working in the charity sertor and social action. The goal 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. We are training young people and preparing
them for trustee positions.
Higher Futures
Funded by the National Lottery Awards for All, Higher Futures is designed to support young people with SEND who are
interested in going on to higher education, providing wrap around support on applications, personal independence,
understanding how to access additional support and thinking about the world of work post-education.
Summary of un-funded projects carried out l April 2024 - 31 March 2025
Youth Advisory Board
Our Youth Advisory Board comprises of seven young people aged 15-28 from a range of backgrounds. The Youth Advisory
Board meets with the senior management team once a month and has a seat on the Board of Trustees.
18. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid dirertly to third parties were as follows:
2025
2024
19. Related Party Disclosures
There have been no related party transactions in the period that require disclosure.
20. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an
amount as may be required not exceeding £1.
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