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2021-03-31-accounts

Images: the late Kiyan Prince, who would have

turned 30 in November 2020; shirt image courtesy of QPR

Annual Report 1 April 2020 - 31 March 2021

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The Trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2015, applicable in law and the charity’s governing document. The Trustees have paid due regard to public benefit guidance published by the Charity Commission and are confident the charity continues to fulfil this responsibility.

Chair’s Foreword

I’m delighted to introduce the Kiyan Prince Foundation’s annual report for 2020/21, a year which saw many high points for the charity, as well as several challenges presented by the impact of Covid-19. As ever, we’ve been driven by meeting the needs of young people, helping them to make a positive, compassionate contribution to society despite the difficult circumstances in which many of them found themselves during the pandemic.

The previous year had seen unprecedented growth for the charity, with the award of an OBE to our Founder and Chief Executive, Dr Mark Prince, and the gifting of the naming rights of the Queens Park Rangers stadium to the charity in 2019-2020. We were set to launch a Londonwide roadshow, #InspiringFutureChampions, to grow our 12-week programmes across more schools, and to move towards taking on our premises when Covid-19 broke out, disrupting our plans.

With characteristic passion and drive, Mark and the Kiyan Prince Foundation team switched immediately to online delivery, keeping young people healthy, motivated and focused through online workshops and podcasts. They also identified young people and families who were struggling, and offered online mentoring which proved a lifeline to many. We observed an increase in parents contacting us reporting violence within the home perpetrated by their children towards them or siblings. In response, we adapted to focus more on anger management and how to reduce family conflicts, which families told us had a hugely positive impact.

During a year when many of our traditional sources of income were unavailable to us, we’re incredibly grateful to the funders who supported us during this period, particularly UK Youth and the Evening Standard Dispossessed Fund. Their flexibility and, in the case of UK Youth, investment in core funding, has been vital to the charity’s long-term survival. Our thanks also to the Paphitis Charitable Trust, whose grant supported high-quality filming equipment to enable our new online approach, and to the many individuals who continued to support us throughout the year.

We continue to value our wonderful partnership with QPR and are delighted they have extended the naming rights of their stadium to the charity until 2022.

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I’d like to thank Mark and the brilliant team members who support him and our cause, particularly Daszine Prince, whose voluntary work was vital in ensuring the charity was able to run smoothly over the year.

This was a poignant year for us, as it was a year in which our beloved Kiyan would have celebrated his 30th birthday. We were touched by the overwhelming support, particularly from QPR fans, who lit up social media with images of them wearing blue and white in his memory, and who donated so generously to the Foundation to continue his legacy and message of hope.

The support from our large and committed community of individuals, companies and Trusts and Foundations means we can face the future with confidence. We’re excited about our plans to build on our success through new projects and campaigns over the coming months and

years.

Juliet Coley Chair of Trustees

1. Activities and achievements

The Kiyan Prince Foundation is a dynamic, developing charity with a fresh and optimistic vision for young people.

We deliver our vision by equipping young Londoners with the tools, support and opportunities to make positive life choices, through motivational education, mentoring, coaching and sport.

With the right support, we believe every young person has the potential to make a positive contribution to society.

We know because we’ve lived it. As a young man, our Founder and Chief Executive, Dr Mark Prince OBE, became homeless, and was drawn into street crime and drugs. He turned his life around to become an International Boxing Federation and World Boxing Organisation InterContinental Champion. In 2006, his 15-year-old son Kiyan Prince, a talented footballer signed to Queens Park Rangers, was murdered outside his school whilst trying to break up a fight. Kiyan’s family committed to using his legacy to inspire, challenge and educate young people facing challenges.

The Foundation’s vision is a society where people feel safe, secure, and able to resolve conflict without engaging in violence. Whilst typically our work is focused within schools, during 2020/21 most work in schools was on hold due to Covid-19 restrictions. Instead, during the year we delivered our vision through:

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Cookham Wood YOI: a Kiyan Prince Foundation volunteer, Gary, gives his feedback on Dr Mark Prince’s workshops

“Mark went straight for the metaphorical jugular. The responses Mark received along with the mindset he mentored was amazing to watch. I was given an opportunity to touch on a few issues with the boys and contributed where I could, bearing in mind the relevance to what KPF’s main message is.

“It was interesting the prison officers were also tentatively listening to the classes and numerous members of staff came and sat on the sessions taking notes, took photographs, and asked many questions after the sessions.

“What was amazing was the second, third and fourth groups were given the same 100% power and enthusiasm by Mark. This was proven by the engagement of 98% of the participants.

“The participants consisted of remanded prisoners awaiting trial, convicted prisoners awaiting sentence, and already serving prisoners. Some of the crimes they were in prison for were murder, attempted murder, robbery, conspiracy to robbery, grevious bodily harm, gang-related crimes, and other violent crimes.

“Mark touched on a wide spectrum of subjects ranging from: family, crime, repeat offending, sentence length, future and belief. Once he shared his personal story with each group, the genuine interest on their faces was a visual experience. Reading their hand-written feedback forms was amazing. It was an extremely fulfilling experience on a personal level.

“I’m so honoured to have been asked to take part in this opportunity to help younger men in prison who obviously need guidance, and as someone who has spent time in numerous prisons, I was glad to tell the guys how lucky they were to have people like Mark on their side.”

Much of our activity during the year was focused on online workshops, most of them live sessions with young people and their families. For example, we introduced

MotivationalMondays and #WorkshopWednesdays to help youth and families stay healthy and motivated during the lockdowns. We also introduced a weekly Sunday video podcast with content co-produced with young people based on their needs, with guest speakers. We touched on a range of issues, from mental health and careers opportunities, to policing and gang involvement. One of the most powerful sessions was with a former gang member who

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had been able to break away from peers who had been a destructive influence on his life, and to forge a positive future for himself and his family. Responses from participants consistently praised our team’s honest, frank and practical approach, which never shies away from difficult issues, and qualitative feedback from hundreds of young people cites how our support has helped them to change their lives.

Image: promotion for one of our weekly online sessions

Additionally, we worked in partnership to reach a wider audience with the message that there are positive alternatives to involvement in violence and knife crime. For example, Dr Prince featured on podcasts with:

We also worked with BT Sport to produce a special video for Black History Month featuring the charity and Kiyan’s story.

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Image: Harry Redknapp Show

The charity also delivered online sessions with Edukit, which connects hundreds of schools with impactful youth interventions.

Image: EduKit

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QPR Partnership

As ever, our partnership with QPR, the club Kiyan was signed to as a youth player – who gifted the naming rights to the charity in 2019/20 and continued this for the 2020/21 season – was highly valued and important by our charity, helping to spread our message and also raise important funds for the Foundation, including through the generosity of individual footballers.

Image: QPR

Image: QPR

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We are grateful for the club’s support on what would have been Kiyan’s 30th birthday on 25 November 2020, when we led a media campaign together to raise awareness of knife crime prevention. Thousands of fans showed their love and support for Kiyan on social media by wearing blue and white and donating to the charity.

----- Start of picture text -----
Image: QPR
----- End of picture text -----

We also worked in partnership with QPR in the Community, for example by working together to deliver Christmas hampers to local families in need in December 2020.

Image: QPR

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Another important partnership was with EA Sports, who introduced Kiyan’s image as a tifo - a display in the crowd – on the popular FIFA video game. This helped to introduce many young people to the charity’s message. Co-ordinated pro bono by Engine/Mischief, part of the UK’s largest marketing, communications and consultancy group, we have developed a strong and impactful alliance, with big plans to further our message during 2021/22.

Image: EA Sports

2. Structure and management

2.1 Organisational structure and Board

This report and review is provided by the Trustees of the Kiyan Prince Foundation.

The Board meets a minimum of three times a year, or as otherwise directed by its Chief Executive, supplemented by other regular meetings and 1:1s with the Chief Executive. At one of these meetings, its AGM, the officers are elected for an annual term of office.

The administration and strategy of the charity are the responsibility of the current Board of Trustees, who delegate the day to day strategic and operational management of the charity to the Chief Executive, Dr Mark Prince OBE.

2.2 Governing Document

The charity is controlled by its Memorandum and Articles of Association.

2.3 Governance strategy

Following an extensive review of activities, income, expenditure and capacity, the charity has a business plan to achieve financial sustainability and progressive service development, which is

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reviewed at Trustees meetings. The plan has been restructured to focus on a 12-month period which the Board believes allows for greater flexibility and speedier decision making in this current climate of uncertainty.

2.4 Recruitment and appointment of new Trustees

We are grateful to have a committed and highly expert Board of Trustees with a mix of skill sets, including: school leadership, financial services, grant fundraising, charity governance, PR and law. We are not currently recruiting new Trustees.

2.5 Induction and training of new trustees

After undergoing a selection process procedure and interview, all potential Trustees enter into a six-month probationary period, which includes an induction programme that follows the guidelines as set out in the Charity Commission publication 'The Essential Trustee'.

2.6 Management and staffing

Throughout this year, the charity had no formal employees for PAYE purposes.

The charity has a founding Chief Executive, who works on a freelance basis, and is supported by a team of volunteers and occasional paid sessional staff and outsourced specialists. This has proved a highly effective way to manage the charity as it has scaled up and grown, providing a flexible resource.

While the current employment arrangements work well for the charity and for the Chief Executive – in particular, allowing the charity to control its costs in what is a volatile funding environment – over the next year we plan to undertake a strategic review of our arrangements and assess the pros and cons of becoming an employer.

We are fortunate to have a wonderful team of volunteers: notable contributions this year were from Daszine Prince, who was essential to the smooth running of the charity during the year, and Gary Williams, whose enthusiasm and commitment to young people was critical and greatly appreciated by the charity.

3. Financial review

Kiyan Prince Foundation’s financial year end is 31 March 2021.

In order to further develop activities, services and opportunities the charity continues to ensure that its day to day finances are healthy, its accounting procedures are robust and that it is alert to the strategic issues and risks associated with the management of funds under its guardianship.

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As with many small charities, ensuring we have sufficient core funding to support the management and development of our work continues to be one of the charity’s central priorities.

Like the wider voluntary sector, our finances were hard hit this year by the impact of Covid-19, reducing or removing income gained from events (including third party events such as percentage of the proceeds from the comedian Russell Howard’s tour, which we had benefited from the previous year), and schools talks and programmes – two key sources of regular income for our Foundation.

A lifeline for us this year was the Covid-19 grant from UK Youth (via the Pears Foundation, DCMS and others), which provided much-needed stability and enabled us to deliver a wide range of online activities. We are also grateful for the flexibility shown by the London Community Fund in relation to our Evening Standard Dispossessed Fund grant, when our planned activities in Enfield schools were unable to proceed as we’d hoped.

3.1 Financial Out-turn

The presentation of our accounts for the year reflects our responsibilities in relation to the various grant funders that have supported us with income that is separately identified as restricted income in the SOFA with corresponding expenditure.

All of our financial income and expenditure - both restricted and unrestricted - underpin our mission.

This year saw a decrease in our financial turnover of more than 50%, directly related to the impact of Covid-19.

The Board wishes to thank all of its financial supporters, both big and small, and takes its responsibility of stewardship in the distribution of monies awarded to us with the due diligence expected of custodians.

3.2 Reserves Policy

At the end of the year, the charity held approximately six months’ running costs as reserves.

The challenges of Covid-19 meant the reserves built up over the previous successful financial year were vital in sustaining the charity during Covid-19.

Trustees have agreed that we would like to build reserves to up to 12 months’ running costs, primarily to ensure the stability of the charity’s financial position and to be prepared for any unexpected costs.

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3.3 Principal Funding Sources

Funding this year came principally from:

Like many charities, our income was severely affected by the restrictions on holding events, including third party events held on our behalf, which had proved so successful for the charity the previous year.

3.4 Investment Policy and Objectives

There are no plans to consider an investment policy at this stage, although the Trustees are fully aware of the ethical considerations to apply should future monies become available and would take the necessary advice from our professional advisers at the time of deliberation.

3.5 Risk management

The Board has adopted a continuous process of risk assessment and management since the formation of the charity which it believes is at the correct level for a new and developing organisation. Where appropriate, robust systems or procedures , including financial, have been established to manage the risk the charity faces at any one time.

The Board is satisfied that, given the fact that this is still very much, in charitable terms, a new venture with a limited amount of resources for its core governance, our systems, policies and procedures are sufficiently robust. Risk is always a consideration and an evaluation is always considered for any financial transaction/policy/procedure. We continue to review matters of governance, strategy, employment, and risk and will seek guidance from professionals should the need arise.

4. Reference and administrative details

Registered Charity number 1125481

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Registered office Innova Park Vision 25 Electric Avenue Enfield EN3 7GD

Trustees K Bempah J Bremmer (Chair) T Cumberbatch A Faulkner J Guymer

Accounts reviewed by Trustees and signed by: J Bremmer Trustee

Accounts prepared by:

Lakshmi Samarakoon ACCA, FRSA 136 Pinner Hill Road Pinner HA5 3SJ

Independent examiner

Rhiannon Mitchell 32 Ronald Road Beaconsfield HP9 1AJ

Bankers:

Barclays Bank Leicester Leicestershire LE87 2BB

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Ind•pendent examln•rf$ r•port to tho trustoes of Klyan Prince Foundation I report to the trustees on my examination of the accounts of the Kiyan Prince Foundation (th8 Trust) for the year ended 31" March 2021. Responslbilltles and basls of report As the charfty tnjstees of Ihe Trust you are responsible for the preparation of the aoxunts In aCC￿danCe with the requirements of th8 Charities Aci 2011 {'th8 Acf). I report in respect of rny examinalion of the Trust's acccwnts carried out under 58Ctlon 145 of Ihe 2011 Acl and in carrying oul my examination I have followed all th8 appllcable Directions given by the Charity Commission under section 145151(b} of the Act. Indopondent examlngrfs statement I have completed my examlnation. l u)nfimi thal no material matters have come to my attention in conneclion with Ihe examinati￿ gNing me caus8 to belleve thal In any material respecL' 1. accounting reoyds were not kept in respéct of the Trust as required by section 130 of the Act; or .2. the acc￿nIS do not ac(¥yd wilh those reo)rds: or 3. the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in th8 Charities (Accounts and Rewrtsl Regulath)ns 2008 other than any requir6m6nt that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and havè wme across no other matters In (x)nnection wilh the examination to which attention should be drawn in this reFrt￿ in order to en8bl8 proper understandiThJ of the accounts to be reached. Slgnod.. Name: Rhiannon Mitchel. Relevant professlonal quab1ficati￿ cr membership of prof85sional bodies (if any): Level 3 DI￿rna AICM Address.. 32 Ronald Road, Bea[￿onfield. HP9 1 Date: 3010112022 14

Statement of Financial Activities for the period 1 April 2020 to 31 March 2021

Charity No (if any) 1125481

01/04/2020 To Period end date 31/03/2021
Section A Statement of financial activities
Restricted
Unrestricted income Endowment Prior year
Recommended categories by activity funds funds funds Total funds funds
£ £ £ £ £
Incoming resources (Note 3)
Income and endowments from:
Donations and legacies 25,793 18,465 - 44,258 106,284
Charitable activities - - - - 3,865
Other trading activities - - - - -
Investments 14 - 14
 26
Separate material item of income - - -
 -
 -
Other - - -
 -
 -
Total 25,807 18,465 - 44,272 110,175
Resources expended (Note 4,5)
Expenditure on:
Raising funds - - - - -
Charitable activities 27,163 21,166 - 48,329 44,016
Separate material item of expense - - -
 -
 -
Other 8,893 - -
 8,893
 20,637
Total 36,056 21,166 - 57,222 64,653
Net income/(expenditure) before investment
gains/(losses) (10,249) (2,701) - (12,950) 45,522
Net gains/(losses) on investments - - - - -
Net income/(expenditure) (10,249) (2,701) - (12,950) 45,522
Extraordinary items - - -
 - -
Transfers between funds - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use - - - - -
Other gains/(losses) - - - - -
Net movement in funds (10,249) (2,701) 0 (12,950) 45,522
Reconciliation of funds:
Total funds brought forward 41,594 9,996 - 51,590 6,068
Total funds carried forward 31,345 7,295 -
 38,640 51,590

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Re$tri¢trd Income funds Unrestrlcted Endowment fund Total th18 Total last year year Fixed assets Tangible assets {Note 61 Total lix•d ass•ts 196 196 196 587 587 Current assets Cash at bank and In hand (Not• 71 Totol curTenl ￿set5 38,844 38.844 51,403 51,403 Creditors: amount¥ falllng due within onè yéar (Notè 81 400 400 Net currnnt assetsl(liabiliths) 38,444 51,003 Tot41 •s$•t$ less ¢urywJt Il•blllth$ 38,640 38,640 51,590 Credltors: amounts falllng du• after one yèar (Not• 201 Provl8lon8 for Ilabllltles Total net assets orllabllltles Funds of the Charlty Endowm¢nt fund$ (Note 91 R¢$trfct¢d In¢om¥ funds (Nots 91 Unr•8trlet•d funds 38.640 36,640 51,590 7.295 7,295 31,345 31.345 51,590 R•valuatlon rn8•rv• Total lund$ 31,345 7,295 38,640 51,590 Signed by one or twr) tru$leg$ on bohaff ol al th8 truste85 Dato of approval ddlmmlyyyy Jultl cO￿Y 2810112022 16

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with* ü their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS • and with* 102)

The charity constitutes a public benefit entity as defined by FRS 102.*

ü

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the Not applicable conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful;

Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

Yes
No		 * -Tick as appropriate
ü

Please disclose:

Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; and		 Not applicable
(iii) the amount of the adjustment for each line affected in
the current period, each prior period presented and the
aggregate amount of the adjustment relating to periods
before those presented, 3.44 FRS 102 SORP.		 Not applicable

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1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

----- Start of picture text -----
Yes
 -Tick as appropriate
No ü
Please disclose:
Not applicable
(i) the nature of any changes;
Not applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or Not applicable
more future periods.
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1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

----- Start of picture text -----
Yes
 -Tick as appropriate
No ü
Please disclose:
Not applicable
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the Not applicable
amount of the correction for each account line item
affected; and
(iii) the amount of the correction at the beginning of the Not applicable
earliest prior period presented in the accounts.
----- End of picture text -----*

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2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition criteria
are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the
SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance sheet.
On its sale the value of stock is charged against 'Income from other trading activities' and
the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on donations
and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in the
SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the
fair value of those gifts at the time of their receipt and they are recognised on receipt. In
the reporting period in which the stocks are distributed, they are recognised as an expense
at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of the
gift to the charity provided the value of the gift can be measured reliably.
This includes any realised or unrealised gains or losses on the sale of investments and any
gain or loss resulting from revaluing investments to market value at the end of the year.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits
are recognised as income earned from the provision of goods and services as income from
charitable activities.
Investment gains and
losses		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü

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2.3 EXPENDITURE AND LIABILITIES

2.4 ASSETS
£500
Intangible fixed assets
Heritage assets
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured
at the best estimate of the amount required to settle the obligation at the reporting date
Basic financial instruments
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody or
legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific,
technological, geophysical or environmental qualities that are held and maintained
principally for their contribution to knowledge and culture. The depreciation rates and
methods used as disclosed in note 9.6.1.4.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can
be measured with reasonable certainty.
The charity accounts for basic financial instruments on initial recognition as per paragraph
10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 14.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories
on a basis consistent with the use of resources, eg allocating property costs by floor areas,
or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are valued
at initially at cost and subsequently at fair value (their market value) at the year end. The
same treatment is applied to unlisted investments unless fair value cannot be measured
reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
£500
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü

20

Note 3 Analysis of income

Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 25,793 - - 25,793 77,789
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - 18,465 - 18,465 28,495
Membership subscriptions and sponsorships
which are in substance donations - - - -
Donated goods, facilities and services - - - - -
Other - - -
Total 25,793 18,465 - 44,258 106,284
Charitable
activities: - - - - 3,865
- - - - -
- - - - -
Other - - - - -
Total - - - - 3,865
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 14 - - 14 26
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 14 - - 14 26
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held for
charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 25,807 18,465 - 44,272 110,175

21

Note 4 Analysis of expenditure

Note 4 Analysis of expenditure
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - - -
raising funds: Incurred seeking legacies
- - - - -
Incurred seeking grants
- -
Operating membership schemes and
social lotteries
- -
Staging fundraising events
-
Fudraising agents
- -
Operating charity shops
-
Operating a trading company undertaking
non-charitable trading activity
-
Advertising, marketing, direct mail and
publicity - - - - -
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - - - - -
- - - - -
Total expenditure on raising funds - - - - -
Expenditure on Workshops 27,163 21,166 - 48,329 44,016
charitable
activities - - - - -
- - - - -
- - - - -
Total expenditure on charitable
activities		 27,163 21,166 - 48,329 44,016
Separate material - - - - -
item of expense
- - - - -
- - - - -
- - - - -
Total - - - - -
Other
Insurance 507 - - 507 674
Telephone 615 - - 615 673
Promotion & publicity 139 - - 139 6,335
Fundraising fees 251 - - 251 325
Travel - - - - 4,394
IT support & maintenance 127 - - 127 -
Depreciation 391 - - 391 391
Rent 6,453 - - 6,453 7,116
Professional fees 400 - - 400 450
Miscellaneous 10 - - 10 279
Total other expenditure 8,893 - - 8,893 20,637
TOTAL EXPENDITURE 36,056 21,166 - 57,222 64,653

22

Note 5 Details of certain items of expenditure

5.1 Fees for examination of the accounts

5.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts
and other services provided by your independent examiner. If nothing was paid please
enter '0' in the appropriate box(es).
This year Last year
£ £
Independent examiner’s fees
400 400
Assurance services other than audit or independent examination
- -
Tax advisory fees
- -
Other fees (for example: financial advice, consultancy, accountancy services) paid to the
independent examiner - -

23

Note 6 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

6.1 Cost or valuation

6.1 Cost or valuation
Freehold land Other land & Plant, Fixtures, Total
& buildings buildings machinery and fittings and
motor vehicles equipment
£ £ £ £ £
At the beginning of the - - 1,173 - 1,173
year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - 1,173 - 1,173
6.2 Depreciation and impairments
**Basis SL or RB SL or RB SL SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance ("RB")
** Rate 33.33%
At beginning of the year - - 586 - 586
Disposals - - - - -
Depreciation - - 391 - 391
Impairment - - - - -
Transfers* - - - - -
At end of the year - - 977 - 977
6.3 Net book value
Net book value at the - - 587 - 587
beginning of the year
Net book value at the - - 196 - 196
end of the year

24

Note 7 Cash at bank and in hand

----- Start of picture text -----
||| |---|---| |This year|Last year| |£|£| |Short term cash investments (less than 3 months maturity date)|- -| |Short term deposits|25,092 31,233| |Cash at bank and on hand|13,752 20,170| |Other|- -| |Total|38,844 51,403|

----- End of picture text -----

Note 8 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

8.1 Analysis of creditors

----- Start of picture text -----
||||| |---|---|---|---| |Amounts falling due within|Amounts falling due after| |one year|more than one year| |This year|Last year|This year|Last year| |£|£|£|£| |Accruals for grants payable|- - - -| |Bank loans and overdrafts|- - - -| |Trade creditors|- - - -| |Payments received on account for contracts or| |performance-related grants|- - - -| |Accruals and deferred income|400 400|- -| |Taxation and social security|- - - -| |Other creditors|- - - -| |Total|400 400|- -|

----- End of picture text -----

Note 9

27.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Fund|Fund| |Type PE, EE R or UR *|Purpose and Restrictions|balances brought|Gains and|balances carried| |forward|Income|Expenditure|Transfers|losses|forward| |Fund names|£|£|£|£|£|£| |National Lottery Community Fund for Future| |Champions Tottenham project - the Future| |Champions programme is a 12-week| |programme to help young people build self-| |confidence, self-esteem, self-belief, life skills| |and communications skills through a wide| |Awards for All (0010355704)|R|variety of mentoring and coaching opportunities|2,685|(2,685)|- - -| |Save London Lives for Future Champions| |Enfield - the Future Champions programme is| |a 12-week programme to help young people| |build self-confidence, self-esteem, self-belief,| |life skills and communications skills through a| |Evening Standard's Dispossesed|wide variety of mentoring and coaching| |Fund (A513637)|R|opportunities|4,765 9,965|(7,435)|- - 7,295| |Evening Standard's Dispossesed|Save London Lives for Future Champions -| |Fund (A516765)|R|scaling up the Future Champions programme|2,546|(2,546)|- - -| |Pears Foundation, Paul Hamlyn| |Foundation, DCMS|R|UK Youth Fund - Covid Relief Grant|- 8,500|(8,500)|- - -| |- - - - - -| |- - - - - -| |- - - - - -| |- - - - - -| |- - - - - -| |- - - - - -| |Other funds|N/a|N/a|- - - - - -| |Total Funds|9,996 18,465|(21,166)|- - 7,295|

----- End of picture text -----

25