Charity Registration Number: 1130398
Company Registration Number (England and Wales): 06919107
(Formerly The Message Works Trust)
Annual Report and Examined Financial
Statements
st For the ended 31 March 2024 year
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Urban Promise UK LTD
Legal and administrative information
| Trustees | Paul Hammond |
|---|---|
| Andrew Mark du Feu | |
| Kristen Nielsen Donnelly | |
| Kelly Maxted | |
| Jacqueline Janice Gray | |
| Shureen Patrice Bishop Simon | |
| Reginald Awoliyi (Resigned 11th May 2023) | |
| Mark Cowling (Resigned 11th May 2023) | |
| Luke Nathaniel Paul Maxted | |
| Gordon Stuart Cowie (Resigned 11th May 2023) | |
| Secretary | Jacqueline Janice Gray |
| Charity Number | 1130398 |
| Company | |
| Number | 06919107 |
| Registered | |
| Office | St Marks Church Centre |
| 165 Rose Lane | |
| Romford | |
| England | |
| RM6 5NR | |
| Independent Examiner | Alex Mole |
| Bankers | NatWest |
| 1 High Street | |
| Croydon | |
| CR9 1UY |
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Urban Promise UK LTD
Contents
| Page | |
|---|---|
| Trustees' Report | 4 |
| Statement of Trustees' Responsibilities | 8 |
| Independent Examiners' Report | 9 |
| Statement of Financial Activities | 10 |
| Statement of Financial Position | 11 |
| Notes to the Financial Statements | 12 |
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Urban Promise UK LTD
Trustees Report (Including Directors' Report and Strategic Report) for the year ended 31st March 2024
1. Structure, Governance and Administrative Information
Charitable structure
Urban Promise UK Trust is an incorporated charity limited by guarantee, having no share capital and is governed by its Memorandum and Articles of Association- The company number is 6919107 and the charity is registered with the Charity Commission number 1130398.
Organisation and Management of the Charity
Urban Promise UK is run by a Board of Directors who act as trustees of the charity. New directors are appointed by the board by popular vote. Each year, at the AGM, one third of the board resign, beginning with those who have served the longest. These directors are immediately eligible for reappointment by the board, if they so wish. Directors of the charity are required to assent to the charity’s Statement of Faith, as laid out in the Memorandum and Articles of Association.
The directors are responsible for the strategy and governance of the charity and delegate certain responsibilities including day to day management to the Co-Directors, Kelly and Luke Maxted, who are part of the board. The board met three times during the year.
This year some of our trustees had to step back for personal reasons, including ill health, two of those being the trustees that took the role of secretary and treasurer. This has affected the consistency of our formal meetings however we have used the allowance for electronic meetings in our governing document to ensure that we meet our statutory obligations.
We have been working towards bringing in new trustees as we aim to release those that need to step down. We are especially looking to find trustees to take the role of secretary and treasurer, but also others who can support the overall workload of the trustees. We have sought support from someone who has previously worked as a charity treasurer, and was recommended to us, to help us ensure our accounts and reporting are up to date. We are also working with Futurekraft on fundraising and have booked an additional day's work for them to review our governance and accounting so that we will be ready for a new treasurer to take over.
Risk Management
Consideration has been given to the major risks that the charity is exposed to, and the trustees are confident that it has procedures and systems in place adequately to manage those risks. Risk assessments are regularly reviewed and changes in circumstances are given due consideration.
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Urban Promise UK LTD
Trustees Report (Including Directors' Report and Strategic Report) for the year ended 31st March 2024 (Cont.)
The charity has taken out insurance against all of its activities.
2. Objectives and Activities
Charitable Objectives and Principal Activities
The Charity's objects are to advance the Christian faith in accordance with its Statement of Beliefs, in such parts of the United Kingdom or the world as the Trustees think fit, and to fulfil such other purposes which are exclusively charitable to the law of England and Wales and are connected with the charitable work of the Charity.
The principal activities of the year to 31st March 2024 have been the Student Leader programme, the After School Club and holiday clubs (Easter and Summer).
The first Easter holiday club was a success which allowed for us to expand numbers for the summer holiday club, employing 12 teenagers and having 2 junior student leaders volunteer. This led to many of the Student Leaders applying to work in the Student Leader programme for the academic year starting September 2023 where we then had 9 Student Leaders and 3 Junior Student Leaders.
The after school club continued throughout the year, starting back in September 2023 after the break for the end of summer and numbers increased as we had gained some volunteers and a part time staff member loaned to us from St Mark’s church. As we no longer have this staff member we are looking to hire someone permanently to make our staffing more reliable. We now have a waiting list of up to 40 children for the after school club and many parents wanting more days for their children.
We have built partnerships with FareShare and Neighbourly which has helped us use surplus food from supermarkets to keep our food costs down, giving the children a bigger variety of food. We have continued our partnership with Tutorfair Foundation throughout this year to provide tuition to each Student Leader and have built new partnerships with the London Lions, who have provided basketball coaching in our after school club, as well as other local artists and performing arts teachers. We have also been using Pot Gang for supplying growing activities to the children during clubs.
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Urban Promise UK LTD
Trustees Report (Including Directors' Report and Strategic Report) for the year ended 31st March 2023 (Cont.)
3. Achievements, Performance and Outcomes of the Year
Achievements
During the operation of our first programmes the charity has been able to provide 1222 hours of safe after school activities for children and teens from Marks Gate and the immediate local area. We have also delivered 82 hours of free professional tutoring for GCSE and A-level students, served 638 meals, and given young children 102 hours of interaction with positive teenage role models. We have 24 children and 12 teens signed up to our programmes with an average of 20 children and 8 teens attending each day.
The trustees are pleased with the continuation of growth in relationships with families and the progression of the children's academic and social skills in the after school club. One child pointed out to a staff member that ‘you make a safe place for us.’
We have been able to provide work experience for one of our Student Leaders through a partnership with the London Lions and we hope to be able to build on this for the future for other students.
Future Developments
The charity hopes that in the next year it would be possible to add another member of staff to oversee the running of the Student Leader programme, and in due time to expand to a second location. We hope to increase the number of volunteers in both the after school club and the holiday clubs.
Public Benefit
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. In reviewing our aims, objectives and planning future activities, the Trustees have taken into account the Charity Commission's general guidance on public benefit. The Trustees ensure that activities undertaken are always in line with the charitable objectives and aims of the charity.
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Urban Promise UK LTD
Trustees Report (Including Directors' Report and Strategic Report) for the year ended 31st March 2023 (Cont.)
4. Financial Review
Financial outcomes for the year
The company’s activities for the year are summarised in the Statement of Financial Activities on page 9. Income was £72,903 and expenditure £79,411 leaving a shortfall of £6,508. The level of free reserves is £14,802 which is within the reserves policy. The trustees continue to monitor the cash flow.
Reserves Policy
The board has given consideration to the level of free reserves (unrestricted funds that are not designated for particular use, nor held in fixed assets) that currently need to be held to meet all future liabilities. The trustees continue to be mindful of the need to be prudent in holding sufficient reserves. The charitable company currently does not have legal obligations that would demand a high level of reserves and considers that holding reserves of a minimum of one month's operating costs and a maximum of three month's operating costs is currently sufficient. This figure was met throughout the year and the Trustees will review this policy on a regular basis and as circumstances demand.
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Urban Promise UK LTD
Trustees Report (Including Directors' Report and Strategic Report) for the year ended 31st March 2023 (Cont.)
Statement of Trustees Responsibilities
The Trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the income and expenditure of the charity for that year. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are prudent;
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state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees’ report, including the strategic report, was approved by the Board of Trustees.
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TRUSTEE
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Dated: 27/01/2025
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Independent examiner's report on the accounts I report to the charity trustees on my examination of the accounts of the Companyforthe year ended 3110312024. Responsibilities and Basls of report As the charity's trustees of the Company (who are also the directors of the company forthe purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year 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 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14515)Ib} of the 2011 Act. Independent Examiner's Asse88ment I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: accounting records wer8 not kept in accordance with section 386 of the Companies Act 2006, or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 the accounts have not been prepared in 8ccordance with the Charities SORP IFRS1021. 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. Signed: Date: 13JI |2A2S Name: AEk NICLE Qualif ication {if applicable) IC&FJ S MEA44 LK££4) Address: SL)RRLY GUI ILP
URBAN PROMISE UK
STATEMENT OF FINANCIAL ACTIVITIES (including the Income and Expenditure Account)
FOR THE YEAR ENDING 31 MARCH 2024
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Unrestricted Unrestricted
funds funds
2024 2023
Note £ £
Income from:
Donations and legacies 2 72,903 69,410
Expenditure on:
Charitable activities 3 79,411 58,652
Net income / (expenditure) for the year (6,508) 10,758
Net movement in funds (6,508) 10,758
Reconciliation of funds:
Total funds brought forward 20,146 9,388
Total funds carried forward at 31 March
2024 14,802 20,146
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under Companies Act 2006.
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Company number: 06919107
URBAN PROMISE UK
STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2024
| Notes | 2024 | 2023 |
|---|---|---|
| £ | £ |
|
| Current assets | ||
| Cash at bank and in hand | 15,716 | 23,702 |
| Liabilities | ||
| Creditors: Amounts falling due within one year 6 | (2,079) | (3,556) |
| Net current assets | 13,637 | 20,146 |
| Funds | ||
| Unrestricted reserve | 13,637 | 20,146 |
| Total funds | 13,637 | 20,146 |
The charity is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. No member of the charity has deposited a notice, pursuant to section 476, requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for ensuring the charity keeps accounting records which comply with section 386 of the Act and preparing financial statements which give a true and fair view of the state of the affairs of the charity as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charity.
These financial statements were approved by the Trustees on 27 January 2025.
TRUSTEE
Dated: 27/01/2025
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URBAN PROMISE UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
1 Accounting Policies
The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102) and the Charities Act 2011. The particular accounting policies are described below.
Accounting convention
The financial statements are prepared under the historical cost convention. The charity meets the definition of a public benefit entity under FRS 102.
Income
Income is shown on an accrual basis. Donations consist of funds received for specific (restricted) and general (unrestricted) purposes.
Capitalisation and Depreciation
Items of equipment are only capitalised where purchase price exceeds £1,000. As the charity has no fixed assets no policy on depreciation has been made.
Expenditure
Expenditure is accounted for on an accrual basis. Charitable expenditure comprises expenditure directly related to the objects of the Charity. Other than fundraising costs, all expenditure including ongoing support, administration and governance costs form an integral part of the cost of carrying out the direct charitable objectives of the charity. Irrecoverable VAT is charged against the category of expenditure for which it was incurred.
Funds accounting
Funds held by the charitable company:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees
Restricted funds - these are funds which can only be used for particular purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Currently there are no such funds.
Debtors
Grants receivable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
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Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening the deposit.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
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URBAN PROMISE UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
| 2 Income from donations and legacies 2024 £ Income from US entity 31,379 Income from donations (inc gift aid) 9,215 Grants received - restricted 32,309 72,903 The charity grants received were restricted funds during the year (2023: £nil) 3 Expenditure on charitable activities Generating Funds Charitable Activities Total 2024 £ £ £ Staff costs (note 4) - 57,779 57,779 Programme costs - 8,519 8,519 Office and admin costs - 5,802 5,802 Travel - - - Other 7,271 7,271 - 79,411 79,411 4 Staff costs Employment costs 2024 £ Gross pay 56,683 Social security costs 1,096 57,779 |
2023 £ 63,994 5,416 - |
|---|---|
| 69,410 | |
| Total 2023 £ 45,536 7,007 4,352 380 1,337 |
|
| 58,652 | |
| 2023 £ 44,591 945 |
|
| 45,536 |
The charity grants received were restricted funds during the year (2023: £nil)
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URBAN PROMISE UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
5 Taxation
As a registered charity the income of the company is exempt from tax under s505 of the Income and Corporation Taxes Act 1988
6 Creditors: Amounts falling due within one year
| 6 Creditors: Amounts falling due within one year | ||
|---|---|---|
| 2024 | 2023 |
|
| £ | £ |
|
| Other creditors | - | 1,467 |
| Accruals | 2,079 | 2,089 |
| 2,079 | 3,556 |
7 Related Party Transactions
Kelly and Luke Maxted, both trustees and directors, were employed for the year (from 16 May 2023), each receiving a salary of £24,500 for the year (2023 - £22,296). Such paid employment was permitted under article 40 of the charity's Memorandum and Articles of Association.
8 Restricted Funds
The Charity received 32,309 in restricted funds during the year (2023: £nil).
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