REACHING HIGHER Report and unaudited Financial Statements For the year ended 31 December 2020 Charity number 1137915 Company nwnljer 07266483 REACHING HIGHER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Contents Legal and administrative information Report of the trustees Independent Examinerfs report Statement of financial adivibes 2-6 Balan￿ sheet Cash Flow statement 10 Notes to the financial statements 11-20 REACHING HIGHER LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Rufus Ms H Thomas Mr V Thiyagarajah Ms N Oyebade (resigned 12 March 2020) Ms C Tobierre (resigned 21 February 2020) Ms E Barlow (appointed 12 March 2020) Mr W Dalziel (appointed 12 March 2020) Mr M King (appointed 12 March 2020) Ms R Jackson (appointed 26 April 2021) Registsred Office South Norwocmj Meth(xJist chU￿h Suffolk Road London SE25 6EG Bankers HSBC 54 Woodcote Road Wallington Surrey SM6 ONJ Independent examiner Peninsula Accounting Ltd 84 Broad Walk Rlackheath London SE3 8ND Charity number 1137915 Company number 07266483 REACHING HIGHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The trLSStees present their report and financial statements for the year ènded 31 December 2020. Structure Govemance & Management Constitution The Charity was established under a MeM￿and￿n of AssoL?aiion and is governed urKler tls Articles of Association. The Articles were amended on 25 NOVem￿r 2013 to change the chartty name to Reaching Higher (previously 'Reachin Higherf). Organisational Structure The organisation is ultimately managed by the Board of Trustees vthich oversees the work of Reathing Higher. All major operational and strategic decisions are made by the Board vtho met five times during the year either in person or via video u)nferencing. Under the Articles. new Trustees are appointed by the Trustee Board and one third of the members of the Trustee Board (the longest serving) retsre at each AGM, tNJt are eligible to be wppointed rf they still qualfy. The Chief Executive who serves in a voluntary capaaty OVe￿ee$ the financial and practical running of the Charity, reporting into the Trustees. Trustees Tnjstees. who are all Directots of the cunpany, were reLYUited based on their broad rarKJe of skills and experience: They Ixing a wide range of experien￿ of working with young people on a professional andlor voluntary basis. The Trustees confim that they have had due regard to guidance i￿Ued by the Charity Commission on public benefit when plannirvJ their ot4ec*ves and activrties for the year. Risk Review The Trustees consider on an ongoing basis all the major risks the charity is exp¢)sed to vthich are held on a risk register. Spec￿CallY of note. the TnBtees have developed: A funding strategy is in pla￿ which seeks to avoid Overrellan￿ on any one source of furKlin9. Reaching Higher is developing diverse funding streams through a rarNJe of tntsts. govemment agencies, corporate and personal donors. A Safeguarding Young People policy has been developed to protect the Charities. benefi￿arTreS as well as the Charity's volurrteers. This policy ensures all volunteers recerve safeguarding young people training and are subject to an extended DBS disdosure check. Annual Report of the Trustees History and Backgmund Reaching Higher was founded in May 2010 as an independent youth chanty by Mark & Sherise Hobbs with the support of volutrteers from the local church. tt was birthed as a response to the Ghallenges facing young peo￿ in the communty of Croydon and the surrounding Boroughs. Croydon has the largest number of young people of all the London Boroughs. It is a diverse borough which significant REACHING HIGHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 income disparity. tt corrtains some more affluent outer sU￿rt)S txrt rt also contains a number of wards wrth nationally high levels of deprivation (highest >10%) and accompanying issues of teenage pregnancy. gang and knrfe crime, Substan￿ a*￿e and low aspiration. ft is wrthin this context that Reaching H￿her was formed to work indusively tArt partM￿larlY targeting those young people most at risk. Goals & Summary of Activty Reaching Higherfs goals are set out in tis goveming d￿ument,. these underpin the operational mission statement to "challenge young people to be leaders of their own lives." This reflects a desire. not only to offer a posittve short term impad Lmjt to take a longtbjdinal approath encouraging strong relationships to ￿ fomed between both our team and young Feople and young people themselves to best enhan￿ their life chances through adOle￿nCe and beyond. Reaching Higher operates through a variety of activibes aimed at empowering young people such as youth dubs and sthemes some with specific interest grou￿ suth as sports, creative and performing arts and always with a focus on mentoring, skills development in a fun and supportive environment. Reaching Higher places a particular emtthasis on empowering yourvJ tEople to step up. to take respon5ibilty within a safe setting and to work together in teams breaking down territorial barriers and developing community cohesion. Rèleasing Young People & Developing Leaders Central to the core of ￿ vision of Reaching HbJher is to identify and supwrt the great potent￿1 in young people. It is with this in mind that Reaching Higher ts particularly commttted to giving young people opportunities to lead and to develop life skills which will enable and equip them to take opportunibes, to develop as leaders both of their own lives and in the wider communty. Our projects are all shak￿d upon this principle wtrthr a football transferable skElls project, a perfomiing arts group or a workshop on emtAoyabilrty. Leadership is a thread that flows through all our projects as wdl as beir¥J ￿ntral to ￿r ￿nMUnty leadership programmes Foretunners (age 1 &15) and Leaders in Training (LITI (age 16-19). These leadership programmes worked wtlh over 60 young people in our sessions which operated weekly during the year and we were able to partner wFlh the GL41London YoLrth Headstart programme for part of the year. This support gives young peop￿ the opportunty to develop leadership and teamwork skills as they make the transition from t￿efiCIary to volunteer under the guida￿ of our experienced team. Developing a Partnership Approxh to Youth Provision Duting the year we have made signifiont strides in deVelo￿ng our relationships with other like-minded organisations. We have been able to erMJage in supwrting new communty groups and schoob during the year. In parts'cular y￿rkIng with Reedham's Children Trust and School Home Support in our sch¢)ol delivery model has led to the birthing of our Athieving More Prc*Jramme. This programme seeks to support disadvantaged thildren from primary through to secondary. Reaching Higher delivering the secondary school element and working dosety with SHS a￿1 Reedham lo look at transition planning. Partnering with schools has been a signfficant focus and it has been fantastic to develop ￿r existing partnerships with Oasis schools as well as Shirley High School as well as to build relationships with local primary schools. Vle are excrted for the potential of collaborating more as an organisation as we move foThvard with communty organisation5 and churches with whom we have forged strong relationships REACHING HIGHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 We have also developed new partnerships with funder5 suth as Henry Smith and the City Bridge Trust as well as continuing to work very dosely with London Youth. Children in Need the Rank Foundation, Jack Petchey. Garfield Weston, Paul Hamlyn arKd the National Lottery amon9St other. These relationships have all helFEd to supwt Reaching Higher arK* continue its growth so that we are in a positi.on to make a svJnifi￿nI p0S￿Ve contrikxrtion to the work which is so greatly needed. Major Activities in 2020 For us. along with so many organisations. there were two key events which particutarly dominated 2020. The Covid pandemic and ts PLJblic outcry assoaated with the murder of George Floyd. Covid Response: Aspiration > Isolation Qur response to covid was swrft and effective. We moved all our tYoie(*s online in March creating an 'Aspiration>lsolation" our aspirations will win oui over our isolation. This involved delivering group leadership sessions. sports tutorials. computer game corrtexts, dance arKI drama workshops, one to one mentoring online. We even created a youth led weekly news round up for young people on Instagram giving their take on what's going on and the latest govemmerrt advi￿ and news distilled down into youth friendly language. Physically we gave out food packages and offered dropin supwrt and small group sessions as regulations allowed during the summer of 2020. We did not furfough any staff in this time and this meant our core team worktng extra hard under significant pressure. We are hugely grateful to the team for their unwavering commtiment at such a time as this. Georye Floyd Response- How We Got Here The tragic death of George Floyd lil a fire around the world and Ét struck a deep chord at the heart of our organisation. This was a deeply difficutt time for us as a black majority team and for the young people and families we support. F¢X the RH family, it wasny just about the moment, bul tt was the recognition of the racial Injusti￿ so many of us fa￿ daily and the need for collecttve understanding, ownership and action. This process has brought ￿[Sed trauma to the surfa￿. It has been incredibly painful but wilh it there has been glimmer5 of hoFe that things can and will improve for the generations that follow. We must as a collective society enS￿e this aThJ our restKJnse in the aftemiath of this was to develop a programme called H¢JW We Got Here sp￿IficallY targeted at explaining and understsnding the history of black people in British history both pre and post slavery. Wrth our dedicated volunteer and former benefiuary. Joshua Garry. a course was run over 5 weeks teaching on this topic online. Joshua is a History teacher with a specialism in Black British History. Interest forthe course was almost ovefwhelming and there were over 500 people s￿ned up to the course and it spread throughout the wider communty. Vthh the support of publishers we gave away over 400 free books on black history to families. The feedbad( ofthe course was immense from Feople of all colours (and ages) who were able to reflect and better appreciate the joumey of black people. School Provrsion We continued to offer delivery and educational packs to young people throughout 2020. We delivered online sessions to children as V￿11 as face to V￿rk shops in ffts and starts where rules allowed. Despite the challenges and uncertainty month to rnonth of what we could deltver, we are really pleased to have delivered so many sessions. And moreover that as we exit 2020 we have four strong secondary partners as well as interest fr¢Jm other se(mJary schools arxl fwr primary schools ready for partnership delivery to support transition in 2021. Community Provision Our communty provision induded school holiday provision. after sthool and evening sessions in drama. leadership and football. Sadly. V￿ had to cancel our annual residential and other everrts such REACHING HIGHER REPORT OF THE TRUSTEES FOR THE YE4R ENDED 31 DECEMBER 2020 as our football tournament. Hov￿Ver, the work continued and for large parts of the year this migrated online a￿hOUgh we have been permitted to offer limited bestM)ke support to vulnerable children fa￿ to fa￿ for significant parts of the year. Our communty provision plans included Holiday Hunger projects which we are working to exparKI in 2021. 2021 and Beyond We are under no illusions of the impact of the pandemic both on young people. schools and our own team. It has been a traumatic season and one which we will ￿ working to address the consequen of on our education. social skills, employment aThJ mental health for the foreseeable future. We are deeply committed to this joumey and the organisation has maintained strong links with young people. its partner funders and schools and fellow communrty organisations such that we are confident we will be able to do more than ever in the years ahead. It will be tough but th￿ is the tine for organisations to stand up and make a positive impaci arKI this is what we interKI to do. What Young People Say Al)out Reaching Higher Quotes from young peoFAe who have engaged wtlh us across Transferable Skills, After School Club, Communty & Summer offers: °Reaching Higher has made a great impad on me during some drfficult moments in my educational joumey. Before RH started working in our school, I had d[fficult￿S working with teachers and them taking time to understand. IM)en Reaching Higher came, they asked us about us and our motivation, immediately creating a comfortable mutual understanding environment.. - T, Footbai Transfe￿able Skills .1 have enjoyed doing the sessions every ¥￿e￿ l firKI it fun, and I like the aciivities we do. I'm happy when I come to the sessions because I know I'm going lo have fun, I like the RH team because they're cool. - A, Creatives .1 really like the creatives session, I like the style of how the sessions are done, and l always f￿1 like I am leaming something new and interesb"ng, I really like some of the creative games we play, because it's fun and engaging, and everyone has a goc*J time" G, Creatives 'The things l enjoyed most about summer blilz vms meeting and making new friends and doing zorbing because it was a Chan￿ to ty Stuff you wouldnm really choose to do, and I liked that we had dtfferent artivitÉes every day." - J, RH Hangouts: Summerblitz 2021 Attendee "I was not very confident when I came to the half temi drama session. I didny feel like myself at the time. By the end of the fiTSt session. I was more Comfortab￿ with everyo￿ and by the second session I was feeling a lot more confident. sin￿ starting drama sessions wtih Reaching higher toth Transferable skills and the half temi wotkshops, I have ￿en feeling a lot happier. I have noticed my behaviour has changed for the positive and I feel humble. Before I would ty to be overconfident to compensate for my lad( of confKIen￿. Now I feel a lot more balanced and grounded in myself.. N. Stages Transferable Skills Workshop REACHING HIGHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Flnancial review In this year Reathing Higher had in(x)mirKJ resources of £439,421 against expenditure of £352.294. The nel surplus for the year was £87.127 arKJ the reseNes at the end of the financial year were £255.492. The chanty wish to thank the supwrt of both individuals. companies and 9rantfunders who have funded the work of the charity during the year. Our grant fijnders include Reedham Children's Trust, The Paul Hamlyn Foundation, Greater London Authonty. BBC Chiklren in Need, Lloyds, Chantable Trust, Jack Petchey Foundation. Cty Bridge Trust, Henry Smith. London Youth, The Rank Foundation, The Big Lottery, Croydon Council, Garfield Weston Reserves policy The Trustees, policy is to ensure there are sufficient unrestricted reserves to meet the Company's urrent commrtments wtth an intention that there should ￿ three to six months of total expenditure covered by unrestncted rese￿es. The trustees acknowledge the sockal impact of ceasing projects through lack of funding. Our benefi￿aT￿ are often the wdims of inconsistent support and presen￿ in their lives. Our goal is to be a sustained consistent Vol￿ of hope in their lives which can be chaotic. In order to manage this risk, the trustees seek to ensure suffiuent unrestricted funding is available to maintain su￿sS projects through any periods where for some reason funding has teen cut and we are in the process of securing further funding for that programme. Trustees, responsibilities for the financial statements The Trustees (who are also diredors of Reathir¥J Higher the purposes of company law) are responsible fLY preparing the Trustees, Report and the financial statements in accordance with applicable law and Unrted Kingdom Accounting StaThJarts (United Kingdom Generally Accepted Accounkn"ng Practi￿). Company law requi￿$ the Trustees to prepare financial statements for each financial year which gsve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding the income and expenditure. of the charitable company for that year. In preparing these finanual statements. the TnBtees are required to". select surtable accounb.ng policies and apply them (x)nsistently: obsepie the methcmjs and prtnciples in the Charities SORP., make judgements and estimates that are reasonable and prudent" state wh￿ther applicable UK Accounting Standards have been followed. subipd to any material departures disdosed and explained in the financial statements; prepare the financial statements on the going cOn￿M basis unless it is inappropriate to presume that the charitable company will conts.nue ils operatsons. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy the finanoal position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charttable company and hen￿ for taking reasonaLle steps for the prevention of fraud and other irregularities. This report has been prepared in accordan￿ wtih the Statement of Recommended Pradice." Accounting and Reporting by Chartties (revised 2005) and in accordan￿ wrth the special provisions of Part 15 of the Companies Act 20[￿ relating to small entities. Approved by the Trustees on 10 mber and signed on their behalf by:. REACHING HIGHER INDEPENDENT EMMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 I report to the charity trustees of Reathing Higher ((tsrity number 1137915, Company number 07266483) on my examinats.on of the accounts of the Company for the year erKl&J 31 D￿mber 2020 set out on pages 8- 20. Responsibilities and basis of the report As the charity's trustees of the Company (who are also the directors of the ￿MpanY for the purposes of company law). you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 {1he 20(￿ Acr). Having s*'sfied myselfthat the accounts of the Ccffnpany aTe rK)t required to be audited for this year under Part 16 of the 2006 Act arKI are eligible for independent examination. I report in respect of my examination of your charitys accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Acn. In carrying out my examination, I have followed the Directions given by the Charty Commission (under section 145(5)(b) of the 2011 ACL Independent Examinerfs Statement The charl￿S gross income exceeded £250.000 l am qualified to undertake the examination by being a qualified member of the Instiiute of Chartered Accountsnts in England arKI Wales (ICAEW). I have completed my examination. I confim that no material matters have 1x￿e to my attention which gives me cause to believe thaL' . accounting records were not kept in accordan￿ with section 386 of the Companies Act 2006" or . the accounts do not accord with such records" or . the accounts do not compty wilh relevant accounb.ng requirements under section 396 of the Companies Act 2006 other than any requirement that the aco)unts give a 'true and faif view which is not a matter considered as part of an independent examination,. or . the accounts have not been prepared in aC￿rdan￿ with the Charities SORP (FRS102). I have no cOn￿mS 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. Name: Georgina Sthoeb FCA Relevant professional qualificatson or bcty. Chartered acc4)untsnt (ICAEW) Address: Peninsula AccourrtirKJ Ltd 84 Broad Walk Lor)don SE3 8ND Date: 10 Septemt*r 2021 REACHING HIGHER STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2020 {INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Notes Un￿Strided Restrlcted fvnds funds Year to 31/12f20 Year to to 31/12119 Income: Donations and grants Income from charitable activities Investrnent income 927 927 1,191 Total income 168 175 439421 Expenditure Costs of raÈsing funds Expenditure on charitable activities 6.200 6.200 1,270 Total expenditure Net transfer belween funds 18 {14.916) 14,916 Net incomel(expenditure) and net movement in funds for the year 18 31.221 87.127 18,660 Reconciliation of funds Total funds brought forward 19 92 058 168 365 149 705 Total funds carried forward 19 The statement of finanaal aciiviti'es indudes all gains and losse5 recL¥Jnised in the year. All income and expenditure derive from continuing activtlies. REACHING HIGHER BALANCE SHEET AS AT 31 DECEMBER 2020 Company no: 07266483 Notes 2020 2019 Fixed assets Tangible assets Total Fixed Assets 15 5.623 5.623 3,468 3,468 Current assets Debtors Cash at bank and in hand Total Current Assets 16 15.5(K) 3.199 168 394 171.593 292.608 Liabilities Creditors.. amounts falling due within one year 17 Net current assets 249 869 Total assets less current liabililies Net Assets The funds of the charity Unrestricted funds Restricted funds 19 19 147,964 107 528 92,059 Totsl funds These accounts have been prepared in accordan￿ with section 398 of ts Companies Ad 2006 and section 138 of the Chants"es Act 2011. These accounts are prepared in accordan￿ ￿ the speaal provisions of Part 15 of the Companies Act relating to small companies and constrtute the annual accounts required ty the Companies Act 2006 and are for circulatson to memkers of the company. The directors are of the OFHnion that the company ts entitled to the exemptions from audit conferred by sectbon 477 of the Companles A¥erable VAT ExFendtiure is recognised once there is a legal or construdive obligation to make a payment to a third party. it is probable that settlement will tE required and the amount of the obligation can be m&￿ured reliably. Expendiiure is dasstfied under the following activty headings: Costs of raising funds indudes the costs of fundraisin9 events and staff costs associated with fundraiwng such as bid writi.ng. Expenditure on charttable activities indudes the costs of running mentoring projects, communty proieds, residential camps and other educational activiiies undertaken to further the purposes of the charity and their associated supwt Irrecoverable VAT is charged as a cl￿t against the activty for which the expenditure was incurred. j) Allocation of supwrt costs Support costs are those furK&ions that assist the work of the charity but do not directly undertake charttable act￿￿"e$. Support costs indude back office costs. finance, pe￿onnel. payroll and g0veMan￿ costs whith support the charity's programmes and activities. 12 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER ￿20 These costs have been allocated between cost of raising funds and expenditure on charitable ac*vities. The bases on which support costs have been allocated are set out in note 9. k) Tangible fixed assets Individual fixed assets costirMJ £100 tx m￿e are cak1ta1￿d at cost and are deprecBted over their estimated useful economic lives i)n a stra￿ht-1Ine basis as follows: Asset Category Annual rate Office equipment and fumiture 33% l) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount Fwaid net of any trade discounts due. m) Cash at bank and in hand Cash at bank and cash in hand indudes cash aryj shori temi h￿hlY liquid investrnents with a short maturty of three months or bess from the date of acquisition or opening of the deposit or similar a(xount. n) Creditors arKI provisions Creditors and provisions are recognised where the L*arity has a K*eserrt obligation resulting from a past event that will probably resutt in the transfer of funds to a third party and the amount due to settle the obligation can measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. o) Financial instruments The trust only has finanaal assets and financial liabilit￿S of a ￿nd that qualfy as basic financial instruments. Basic financial instruments are inrtially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans vthith are sutwuently measured at amorttsed cost using the effective interest p) Pensions As part of our commttment to w0rtpL9￿ pensions, employees of the chanty are invited to etther cho¢)se the NEST defined contribution pension scheme or select the Hargreaves Lansdown Vantage Self Invested Personal Pension Scheme. Either option is jointly funded by Contribut￿nS from employee and employer. The employerfs contributions made in 2020 were £5.386 {2019'. £2.939) with an employerfs contribution rate of 5% of pensionable pay and an employee's contribution of 5% of pensionable pay.. The trUSt￿S continue to monttor employee and employer 13 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 s) Transrtion to FRS 102 No restatement of items has tEen required in making the transibon to FRS 102. The transition date was 1 January 2019. 2 LEGAL STATUS OF THE TRUST The Trust is a company limited by guararrtee and has no share capital. In the event of the charity being wound up, the liabilty in respe(a of the guarantee is limtted to £10 per memter of the charity. 3 FINANCIAL PERFORMANCE OF THE CHARrrY The summary financial perfomiance of the charity is: 2020 2019 Income 439,421 304.904 Expenditure on charilable activitEs (352,294) (286.244) Net income Total funds brought forward Total funds carried forward 87.127 168.365 255.492 18,660 149,705 168.365 Represented by: Restricted ino)me furK Unrestrtc*ed income funds 107,528 147,964 255.492 76,307 92.058 168,365 4 INCOME FROM DONATIONS AND GRA￿s 2020 2019 Donations 32.143 36.590 Grants 314 899 347.042 256,844 The income from donations and grants was £347,042 {2019: £256.844) of which £76,366 was unrestrtded (2019". £81.￿) and £270.676 was restrirAed (2019.. £174,878). The chanty beneffts greatty from the invofvement a￿1 enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance wtth FRS 102 and the Charities SORP (FRS 102). the economic contributs.on of general volunteers is not recognised in the accounts. 14 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 5 INCOME FROM CHARrrABLE ACTivrriES Unrestricted Restncted Total funds 2020 Total 2019 Income from contrads Income from holiday provisions Football Academy Other Operating Income .715 90,715 570 16,048 28,368 1.394 570 167 166 6 INVESTMENT INCOIAE All of the charity's investment income of £927 (2019: £1,191) arises from money held in interest beanng deposrt accounts. 7 ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTivmES Sc1K￿5 Community Totsl Project delivery 16.495 66,818 83,312 Depreciation 1.234 3.701 4,935 staffing including Training S5,8￿) 152.279 208.168 Support c<)sts (see note 9) 11.894 35,683 47,577 Governan￿ costs (see note 9) 525 1,576 2,101 Totsl 86.037 Expendrture on charttable activit￿S was £346.094 (2019: £284,974) of which £97,353 was unrestriGted (2019: £61.151) and £248.740 was restri&ed (2019: £193,427). 15 REACHING HIGHER NOTES TO THE AcCOUTr￿s FOR THE YEAR ENDED 31 DECEMBER 2020 8 Summary analysis of expèndknre and related income for charitable aclivities This table shows the cost of the three main charitable ad1vit￿S and the sources of income directly to support those ara1vi￿. Schools CryNnunity Total Costs (86,037) (260.056) (346,094) Direct grant support 260,056 260.056 Net c¢)sts funded from other income 86.037 86,037 9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS Support Govemance Totsl Basls of apportionment Office costs & administration 47,5TT 47,577 Support Insurance 1.101 1,101 Govemance Independent examination Goveman Total 47.577 1101 49.678 10 NET INCOMEI{EXPENDtfuRE) AFTER CHARGING: This is stated after charying= 2020 2019 Depreciation Accountancy services 4,935 4.2 5,935 5.206 16 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 11 ANALYSIS OF STAFF COSTS. TRUSTEE REMUNERATK)N AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL 2020 2019 Salaries and wages 186.142 131.582 Social security costs Pension costs 618 Total 204,591 151,444 No employees had employee benefits in excess of £60.[￿ (2019: £nil). Pension costs are allocated to actiVi￿S in proportion to the related staffing costs. The charity trustees were not paid or r￿1Ved any other beneffts from employment with the Trust or its subsidiary in the year (2019." £nil) neither were they reimbursed expenses dunng the year (2019: £nil). No chartty trustee received payment for professional or other serVI￿S supplied to the ￿)￿lty (2019: £nil). The key management personnel of the charity comprtse the trustees and the Chief Executive Officer Ntho ads in a part time voluntary capacity. The total emtyoyee beneffts of the key management personnel of the Trust were £nil (2019: £nil). 12 STAFF NUMBERS The average monthly head count was 8 staff (2019: 6 staff) and the average monthly number of full-time equlva￿nt employees (Induding part4ime staffj during the year were as follows: 2020 Number 2019 Number Sthools Communty SuptM)rt arKI Governan Total 13 RELATED PARTY TRANSACTIONS The tharity has no related party transactions vthich require disdosure under FRS102. 14 CORPORATION TAX The charity is exempt from tax on income and gains fallir¥J within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Ad 1992 to the extent that these are applied to its d￿ritable ot¥ects. 17 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 15 TANGIBLE FIXED ASSErs Fixtures & Equipment Total Cost At 1 January 2019 Additions Disposals At 31 De￿mber 2020 22.561 22.561 7,090 Doprnciation At 1 January 2019 For the year Adjustments for disposals At 31 December 2020 19.093 4.935 19,093 4,935 Net book value At 31 December 2020 At 31 December 2019 16 DEBTORS 2020 2019 Trade debtors Prepayments 15.500 17 CREDITORS: AMOUNTS FALUNG DUE W￿H1N ONE YEAR 2020 2019 Taxation and social security Accruals Deferred Income 3,057 3,639 18 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIABER 2020 18 ANALYSIS OF CHARrrABLE FUNDS Balance at Incoming Resources Balance at 01.01.2020 resourcos expended Transfers 31.12.2020 General fund 92.058 168.175 (97.353) (14.916) 147,964 Restricted fijnds Core Funding Creative Media Youth worker Holtday Provision Mentoring Full Cirde Perforniing Arts Leadership & Volunteering Restricted Funds Total 76.307 92.023 15.846 (63.648) (7.817) (12,744) (24.549) {58,054) (11,750) (6,659) {69,720) 28,375 8.029 12,744 6,471 12.116 20,740 6,659 17.577 3,163 63,755 14,916 17,818 8,990 44,317 271.246 {254,940) 14,916 107.528 168 Core fundiry relates to furKling designated towards the core ac*1vi￿S of the organisation. Creative Media relates to projects asS(￿lated with rned￿ and youth vol￿. Youth worker funding relates to funding for a youth wot*er. Mentoring relates to the mentoring project. Full Cirde is a lrfe skills project. Perfomiing Arts indudes both drama and dan￿ projects. Leadership & Volunteering relates to our Forerunners and Leaders In Training programme vthich develops leadership skills in young peo￿ age 1&21. Holiday Provision indudes our RH Hangouts in the holidays as well as costs associated with the resKlential. A substantial loss was taken in 2020 due to the ￿n￿lIation of our residential. The transfers from unrestricted funts rewesent expenditure in excess of restrtcted income being met by unrestrided resepies. 19 ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Unrestrycted Reslncted Total 2020 Totsl 2019 Tangible fixed assets Current assets Currerrt liabilitses 5.623 153,341 5,623 292.608 139,267 171.593 147 19 REACHING HIGHER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 20 RECONCIUATION OF NEf IJOVEMENf IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019 Net movement in funds Add back depreciation charge Deduct interest income Decreasel(in¢rease) in debtors Increasel(decrease) in creditors Net cash used in operattng activitEs 87,127 4,935 (927) (12,300) 36,042 18,660 4,206 (1,191) 712 1.867 20