## **Annual Report & Accounts 1 April 2022 - 31 March 2023** The Trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2015. 1 ## **Foreword** It gives us great pleasure to present the annual report for the Kiyan Prince Foundation for 2022/23. Throughout the charity’s development we have remained committed to creating the most impactful legacy for Kiyan, by teaching as many children and young people as possible to value their own lives and the lives of others. This has been an important year for KPF, as we have continued to deliver programmes to thousands of young people, in schools and in the community, but have also been building organisational capacity and resilience to maximise impact in the future. Some key trustees have stepped down (with very many thanks to Juliet Coley and Anne Faulkner for their many years of dedicated service) and new trustees have joined. Our partnership with QPR has continued and we thank them sincerely for their vision and generosity in renaming their ground ‘The Kiyan Prince Foundation Stadium’. While these naming rights reached the end of the three year agreement this year, the impact will be felt well into the future as it did so much to raise the profile of our charity. Much of the second half of this year has been spent planning for our Future Champions celebrity football match to be played at Loftus Road in May 2023. This year KPF took the decision that we should use our authentic voice advocating for young people to publish research reports and to influence public policy. We took the first step towards that goal by engaging leading public policy experts, Public First. Our first report will launch in 2023/24 and will draw on the lived experience and extensive insights from focus groups of young people and their families. We have exciting plans for the future and we thank everyone who has supported the Kiyan Prince Foundation this year. 2 ## **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 people with the tools, support and opportunities to make positive life choices, through motivational education, mentoring, coaching and sport - educating young people about attractive alternatives to involvement in crime and violence. 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, 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 Inter-Continental 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. During 2022/23, key activities and achievements were: - 1) Motivational talks to whole of school assemblies and other awareness raising activity. - 2) Our Future Champions 12-week programmes in schools and communities. - 3) Our long-standing partnership with Queens Park Rangers Football Club. - 4) Weekly motivational boxing sessions for the community at Tottenham Community Sports Centre. - 5) Charity events: a celebrity football match - 6) Started our work with Public First to provide comprehensive research into youth violence. - 7) Began a comprehensive restructure of the KPF organisation to support the charity’s growth and evolution, including the appointment of new trustees. These are described in more detail below. 3 ## **1.1. Motivational speaking** Talks which motivate young people to make positive changes in their lives and develop a Champion’s mindset are one of KPF’s core offerings. During 2022-23, Dr Mark Prince OBE has continued to visit schools, such as Verulam Boys, Sandhurst and Monteagle Primary, where he has delivered whole-school assemblies, more often than not with repeat visit requests. Image: Verulam Boys, St Albans Image: Sandhurst School, Owlsmoor, Sandhurst 4 Drawing on his experience as a professional athlete, Mark was also invited to deliver a motivational talk to the whole QPR squad to help inspire the team. Mark also visited Oxford United to deliver a similar talk to the academy players. Additionally, Mark has delivered multiple sessions in partnership with Elevated Minds CIC and spoken at HMP & YOI Swinfen Hall. ## **1.2. Our Future Champions programmes in schools and communities** Over the year, we continued to work with thousands of young people across schools and communities to deliver a message that positive alternatives to involvement in crime and violence are possible, and to support young people who are ready to move on from risky situations such as involvement in gangs. With thanks to the Save London Lives Fund, funded by the Evening Standard Dispossessed Fund and administered by the London Community Foundation, we supported young people in two 5 Enfield schools – Lea Valley Secondary School and Edmonton County school – through motivational talks, workshops and mentoring. This long-term programme has now concluded and we have included the evaluations to demonstrate the effectiveness and true value of our FCP programmes for young people. 6 ## **1.3. QPR Partnership** As ever, our partnership with QPR, the club Kiyan was signed to as a youth player, is highly valued by the Foundation. They have been unwavering in their support of founder Mark Prince and the KPF and we continue to plan and consider future events together. qpr team talk with Mark Prince ## **1.4. Tottenham Boxing Sessions for Young People** Ex champion boxer Dr Mark Prince’s weekly boxing sessions have proved extremely popular. Mark not only works on attendees fitness but coaches and instils a champion’s mindset. ## **1.5. Charity Events** In May 2022, an Arsenal legends match was held in Beaconsfield in memory of Kiyan. The match was organised by ex-footballer Michael Harvey, former member of the UK garage collective So Solid Crew. This raised vital funds for the charity and helped raise its profile among key audiences. https://www.bucksfreepress.co.uk/news/20176326.kiyan-prince-honoured-arsenal-matchbeaconsfield-town/ 7 _Image: Future Champions Cup 2023_ We have also invested significant time in planning a major fundraising event, to be delivered in May 2023. ## **1.6. Public First** KPF is excited to be working with policy and research consultancy Public First, who will be conducting research into youth violence and making recommendations for action. ## **1.7. Restructure** We are in the middle of our most significant restructure including change within the Board of Trustees. This is a reflection of our commitment to continue to grow and evolve. 8 ## **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 the Chair, supplemented by other regular meetings and 1:1s with the Chair. At one of these meetings, its AGM, the Trustees 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 operational management of the charity to the operational team. ## **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 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. We aim to continue to expand our Board in line with our strategic planning and evolution. We would like to take this opportunity to recognition and thank our departing Trustees Juliet Bremmer/Coley and Anne Faulkner. Both have dedicated their valuable time and expertise to KPF over many years and all those involved in the charity are truly grateful. ## **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'. 9 ## **2.6 Management and staffing** Throughout this year, the charity has had no formal employees for PAYE purposes. The charity founder remains very committed to KPF and provides services on a freelance basis. ## **3. Financial review** The Kiyan Prince Foundation’s financial year end is 31 March 2023. 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. ## **3.1 Income** 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. We have seen a significant decrease in unrestricted donations on the previous financial year (from £63,519 to £43,202). This could be attributed to a number of factors including the continued impact of Covid on the economy and on the public’s disposable income. There has been a deliberate focus in the second half of our reporting year on a major restructure of the charity which again has been a contributing factor. Restricted funds are relatively flat year on year (£23,260 compared to £25,965 the previous year) which again has been influenced by our strategy to restructure. ## **3.2 Expenditure** We have seen a significant year on year increase in our expenditure of approximately 29%, from £71,872 to £93,203. This was an expectation with a £15,200 spend on professional fees relating directly to the charity restructure programme. The charity acknowledges that this financial year has seen expenditure outstrip income, however our reserve policy has allowed KPF to absorb these costs. We acknowledge that a deficit is not sustainable and these very specific restructure costs will allow the long-term growth and evolution of KPF. 10 ## **3.3 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. 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. ## **3.4 Reserves Policy** At the end of the year, the charity held approximately three months running costs as unrestricted reserves. Trustees have agreed that we would like to build reserves of six months running costs, primarily to ensure the stability of the charity’s financial position and to be prepared for any unexpected costs. ## **3.5 Principal Funding Sources** Funding this year came principally from: - Grants: The Evening Standard Dispossessed Fund via the London Community Foundation, together with smaller grants from Octopus Foundation and Groundwork UK. - Individual donations. - Corporate donations. Engine. Tabernacle church and Clifford French. ## **3.6 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. 11 ## **3.7 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 we are a small charity 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. 12 ## **4. Reference and administrative details** **Registered Charity number** 1125481 **Registered office** Innova Park Vision 25 Electric Avenue Enfield EN3 7GD ## **Trustees** Simon Henderson (appointed 2[nd] Feb 2023) Ahmed Mohammed (appointed 3[rd] Feb 2023) K Bempah J Bremmer/Coley Chair (resigned December 2022) T Cumberbatch A Faulkner (resigned December 2022) Accounts reviewed by: Simon Henderson Trustee 15/1/2024 Ciaran Keller Trustee 15/1/2024 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 13 CHARITY COMMISSION FOR ENGLANO ANO WALES Indopondont oxamln•rfs report on the accounts Independent Exaniiner s Rtport Chwlly bX+ 1125181 2011 41 Ill•Tryl.' Q¢*b•r201• 14 Gfv• h•r• any hrn• IbDt th• •x4mlntrwlbh•to dthcl IER Oetob•r2018 15 ## **Annual Accounts for the period 1 April 2022 to 31 March 2023** 16 Section B Balance sheel Fixed assets T•ng*>le asset8 Tol•lfix•d••M Current assets Cash at bank and in h*nd IN0* 71 .971 29.971 29.971 29.971 56.658 Creditors: f•*"no 29571 56256 29.S71 Cwedltor$: t•lling •ft one ye•r (Note 201 l>rovi•ion• for Iwts'lille• Tol•lnot as••ty or Imbilrt 29571 29571 256 Funds of th• Charty Endowment tsnds INole 91 8,11S 48.141 Unre•trKted l￿d• 6.311 6.311 Tothitsnds 6.311 29,571 56256 17 SectioTh C Note5 to thè Jccounts e 1 Ba515 of w•paration This section SI￿1￿ èe 1.1 Basis of accountin Ireknl IFRS 1021 . the (tsit￿$ Ad 2111. FRS 102.. 1.2 Golng COn￿M c￿￿ern ws. F*ase thLS f&t 1.3 Chang• ol accountlng pdky Ye5. {IlJ tho reasons why apptylry the nOwa¢￿￿n￿wP0l￿Y iii] thpamountof the adJ"uslmentfpreo¢h line4lTEded 18 1.4 Chang•s to accounting •s1imates Yes. 111) tho affl￿t01 tho ehattgoon Ineom6 aMt•¥p*w or assets arKllial¥lffj"es forIheeurrentp￿th$.. and 1.5 Mai•rlal y•w •rrors Yes. 11) th• 111) lor M¢h ￿p*￿1￿¢￿ie￿In IMx¢oiiiits, (illl thvampuntorthe ar the bynnlnqorii 19 Section C Notes to tth¢ accounis Not¢ 2 2.2 IICOME Yo tr￿￿R5 IQ2S0￿￿TFRs 102. S IO•J$ 12FPSI Y•s Y•s 20 Yts Ye• 2.3 EXPENDfTURE AND LIABILMÉS Yts Ye• Ye• Ye• JtrurMnt* 11 19.FP91028 2.4 ASSETS Ye• Ye• Yes Ye• Yes 21 Ye Ye Ye• W• Nl POLICIE5 AI)OPTED ADDITIONAL TOThI DIFFERErir FROII THOSE ABOVE 22 S@ctioTh C Notès to thè acco￿ntS Note 3 41.4)2 59.519 Tqtsl Td T*1 Tthl Totsl fA518 23 Section C Noies to the accourbts cont Notè 4 Isofè pj r&￿ing I￿￿ts. TLrtal •xp•ndth (ffi rathhig IWMIB 5.770 Sy•te ma￿"41 ern of experne 516 516 507 24 763 1,812 2.612 v￿hN 1￿8 7.832 070 4LYJ ,8TT 535 6.ClJ3 15,2CK) 578 .343 14.670 578 T(rfal Lmher TOTAL EXPENOITURE 8.115 71,8r2 ysts of ey4)e r•￿¢ Tc4al IhiB Yo Tow Section C NotÈs to thé aecounts D•talls ot c•rtaln It•m5 01 • 1 Fees fu eX￿￿10n d the fKcow 25 N(*e5 to Ihe acc￿ntS lryjrtl T4ts1 dthe -1 Section C Notes to the accounts Iconll Note 7 Ca•h at b•Trk and in h•Thd 51.182 5.474 at bahk Iw Total .971 Section C Notes to the accounts cont Not• • Plea￿COM lo1• Ihls note Mth• ¢ha hws¥ .1 An•￿￿ of eredltow• Amoun1• l•lllry twhhln on• y••r L•81 Am0￿118 lalllng du• aft•r ihan ono ygar L•81 ar AetTh*h lor 4w*it• p*y•b Bank lo•n• fjnd o¥wdv•ft• Trode cwodliors Payments r8eefftd on account for contract• p•rf(Wm￿C0.Tel•1od warbt# Accry•l• •nd delwT•d Incom• T•x•tlon ènd gocl•l •ecurlty het t￿dI1