2022-03-31-accounts - Code 7 Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Directors’ Report

For The Year Ended 31 March 2022

Trustees

Name	Position
Stuart Lisbie	Chair
Anne McGregor	Treasurer
Fatmata Aniatu Kallay	Secretary
Lee Ann Law	Business Consultant
Nyal Cayenne	Director

The Trustees present the report and financial statements of Code 7 for the year ended 31 March 2022.

Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, including the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2019).

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 14 February 2005 and registered as a charity on 14 October 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

New Appointed board members Nyal Cayenne is a newly appointed director (April 2018) and is the youngest member of the board at 21. A former service user at Code 7, he is studying at college and works as a self-employed businessman. Lee-Ann Law Lee-Ann is a business consultant and works in high level businesses and companies. She has intense experience of operating businesses, especially in terms

Code 7 Ltd - Charity No: 1148311 / Company Limited By Guarantee No: 5362713 / Asdan Accreditation Provider No: 32799 HEAD OFFICE: 11 Ashmere House, Acre Lane, Brixton, London Sw2 5UQ / Tel/Fax: (Admin) 020 7998 1531 / Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

of project management and transfers her exceptional skills to ensure Code 7’s governance is regulated, monitored and evaluated thoroughly.

All members of the Management Committee give their time voluntarily and receive no benefits from the charity. Any expenses re-claimed from the charity are set out in the expenses note in the accounts.

Mr Stuart Lisbie , Miss Anne McGregor , Miss Fatmata Aniatu Kallay, Mr Nyal Cayenne , and Mrs Lee - Ann Law retire by rotation and, being eligible, offer themselves for re-election.

Due to the nature of mediation, the charity’s work inevitably focuses on young people. The Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential of the pool of trustees, the charity has, through selective advertising via word of mouth with young people, sought to identify the young people who show good potential and interest in becoming a future board member.

Mr Joel Demming who was a previous member of the board and Mr Nyal Cayenne are prime examples, emerging from engaging as young men on workshops, then as trainees and finally becoming board members.

The more traditional business, financial and health skills are well represented on the board. To ensure that we maintain a wide range of skills, members of the board are requested to provide a list of their skills. We update the skills list yearly and identify where we need to replace skills before retirements, etc, from the board.

We currently have 5 voting board members and a membership consisting of 14 nonvoting members. The non-voting members make up the numbers when required at board meetings, events, seminars, etc.

Trustee Induction and Training

All trustees are familiar with the practical work of the charity as they visit the Training Suite where work is delivered randomly. The trustees hear and see the productions of the young people and at first hand get to examine the work of the staff and volunteers. The trustees attend our open days which are promoted and delivered at least four times a year.

Along with physical training, the trustees have received their training in form of DVDs and online. This is relayed at board meetings so the other trustees can see how training went with the others.

The trustees also receive training from their workplaces (i.e. Accountants, etc) which enables all trustees to be able to share alternative learning with each other.

Code 7 Ltd - Charity No: 1148311 / Company Limited By Guarantee No: 5362713 / Asdan Accreditation Provider No: 32799 HEAD OFFICE: 11 Ashmere House, Acre Lane, Brixton, London Sw2 5UQ / Tel/Fax: (Admin) 020 7998 1531 / Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

Our induction process consists of a Question & Answer pack, skills assessment, needs assessment, rules and regulations of a trustee documentation, health & safety procedures, and reference sections, and every new trustee must undergo this process.

Risk Management

The Management Committee has conducted a review of the major risks to which the charity is exposed. We have a risk register which is reviewed and updated annually. Where necessary, systems or procedures have been established to mitigate the risks the charity faces. Risks to external funding have led to the development of strategic self-sufficient fund raising which will enable the charity to continue even if funds are delayed or not forthcoming.

Procedures are in place to ensure safety of the trustees, staff, volunteers and our young service users. These procedures are also reviewed annually.

Organisational Structure

The charity has a board of five voting members and a membership of 14, a service operational management team of two and a service operational team of five. The CEO has the duty to manage the day to day operations of the charity and the CEO reports all work, issues and challenges back to the board.

Related Parties

With the charity’s work becoming more intense with the many issues that the young service users bring along with them, it is important that we associate ourselves with relevant parties.

Our trustees and management serve on other boards such as Lambeth Youth Violence Forum.

Being a part of these other groups opens the charity to work and/or funding opportunities that can, will or do benefit the charity.

Our Aims and Objectives

Purpose and Aims

Our charity’s purpose as set out in the objects contained in the company’s memorandum of association is:

“To advance in life and relieve needs of young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals”

The aims of our charity are to take young people’s passion for music and creative arts and nurture and channel this into the development of practical, useful and marketable skills. We provide an opportunity for young people to develop the skills necessary for success in a wide variety of careers, whether directly in music or in other sectors.

Our aims fully reflect the purposes that the charity was set up to further.

Ensuring our Work Delivers our Aims

Every year we produce an annual report which contains a review of our aims, objectives and activities for the completed year. The review looks at what we achieved and the outcomes of our work in the previous twelve months.

We also ensure that all funding applications that we create and submit adhere closely to the purpose in our charity’s memorandum and articles.

The people whom we employ or take on as volunteers, all go through our induction process which includes them agreeing and signing up to our ‘Code 7 Core-Values’ mission. Our core-values are to Know, Want, Learn, Share, Help, Deliver and Care, which are specially designed to communicate how our staff and volunteers are expected to work with our project users always.

Our core-values help us to ensure that all our activities and our work continue to compliment and follow our aims and objectives as stated in our memorandum and articles. Our core-values also stand as a guideline for future-planning to guarantee that our focus remains within the boundaries of our charity’s aims and objectives while implementing future plans.

The Focus of our Work

Our prime objectives for the year was to provide activities in music, media and performing arts and to contribute a service of mentoring, mediation, education, training and tuition for under-privileged young people in South London and surrounding Boroughs that do not have access to mainstream provision.

We delivered these activities and services by:

Providing quality music recording equipment and facilities that would otherwise be unaffordable to our primary user group
Employing staff and volunteers with good experience of the music and creative industry and a passion for helping in the community
Implementing projects specially designed to attract, engage and change mindsets and behaviour of project participants
Working in partnership with other relevant agencies and organisations to ensure we can provide the support and help that is needed for our service users

Code 7 Ltd - Charity No: 1148311 / Company Limited By Guarantee No: 5362713 / Asdan Accreditation Provider No: 32799 HEAD OFFICE: 11 Ashmere House, Acre Lane, Brixton, London Sw2 5UQ / Tel/Fax: (Admin) 020 7998 1531 /

Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

How our activities deliver public benefit

Below is a chart which identifies to whom and how Code 7’s activities deliver public benefit:

Public and Wider Public Beneficiaries	How They benefit
*All young people*, aged 18 and under and from all geographical areas, backgrounds, cultures, races, etc, who: - - Seek education in music and multimedia - Have ambitions and aspirations to engage in music and multimedia - Would like to participate in running youth projects and live events - Want to gain skills in work experience - Love to produce audio and visual product	These young people benefit by: - • Receiving their teaching and development from experienced community and industry staff and volunteers • Gaining accredited and achievement certificates • Using quality equipment that produces professional product • Gaining services many of them would not be able to afford • Working in an environment which enables them to progress personally • Having an opportunity to better themselves while engaging in positive activities which are popular and they love and enjoy
*All young adults*, aged 19 to 30 and from all geographical areas, backgrounds, cultures, races, etc, who: - - Have ambitions to improve their skills and knowledge in business and enterprise - Need support to gain the right skills to seek a career in the multimedia industry - Want to develop their product for commercialuse	These young adults benefit by: - • Using quality equipment, resources and facilities • Gaining accredited and achievement certificates • Improving their chances for employment or running a business • Having an opportunity to better themselves while engaging in positive activities which they demand, love and enjoy
*Parents/Carers*	Parents/Carers benefit by: - • Having extra activities to help keep their children/young people diverted from boredom on the streets • Having another platform to be able to bond with their children/young people (i.e. approving and signing induction/policy documents, attending showcases, open days, events, etc)
*Community Residents*	Community residents benefit from: - • The changes in the young people’s mind sets and behaviour which help residents to be safer • Being able to attend opendays and presentationswhere they

Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

	talk to young people and gain more understanding of their aspirations which helps build community trust • Volunteering to give something back to the community which gives residents self satisfaction and accomplishment • Participating in activities themselves which help them to develop theirskills and educationalso
*Senior Community Residents*	Our senior community residents benefit from: - • Our lovable staff and volunteers who happily help them with shopping and bag carrying, etc • Having activities nearby which keep their minds active as they always enquire about what is new • Having a service, which is nearby, where they can come to or call when they need some help quite quickly (i.e. water leaks, lostkeys, swollenand jammed doors, etc)
*Police*	The police benefit by utilising the service to build better relations with the young people, i.e. – • Holding question & answer sessions • displaying newsletters • liaising with staff/volunteers/youths • attending performances/events •acting as talent judges ontalent quests, etc
*Local Councils* *(Lambeth/Hackney)*	The local councils benefit by utilising the service to be able to reach the young people so they can continue to strategise and implement new and improved youth services, i.e. – • EYS (Electronic Youth Service) • CAF (Common Assessment Framework) • Safeguarding (for children and young adults), etc The local councils also benefit: - • By funding young people led projects, which helps bring awareness to the young people of the councils’ commitments to them • By having an alternative service where they can refer young offenders • From having a structure whereby they can know every young personandhowthey are being engaged
*Schools/Colleges*	Schools and Colleges benefit: - • From having a specialised music and multimedia service where they can send their pupils/students to gain hands on and live experience • From having a service they can call on to curve difficult young people and help put them back on track with their behaviour and education (i.e. Code 7 engaged 3 male pupils at Mitcham Vale Secondary School who were set to fail their GCSEs in music, which would obviously affect their route into college. Code 7’s input helped to steer these 3 young people back on track and all gained the required grades)

Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

*Businesses*	- Local businesses benefit from the continued relations built through the continuity of our service which helps them to generate more business - Local shop owners liaise with us in terms of minor difficulties with young people and we act on these accordingly creating better understandings between them and the young people - Shop owners sponsor various projects with us and in turn advertise their trade - Clothes shop owners have loaned clothes to young people to perform in videos so they canadvertise theirbrands
*Health*	Departments of the health sector benefit from implementing projects and also advertising through our services to the young people, i.e. – • Lambeth NHS have funded a sexual health project through Code 7 which engaged 30 young people • Lambeth NHS funded a music therapy programme called ‘Music Healing’ • Lambeth NHS display their advertisement leaflets with us Code 7 has also provided pilot workshops and specialised programmes for young men and woman with mental health issues.
*Housing*	Code 7 have built relations with various parts of the housing sector and they benefit by having a specialised music and multimedia service they can call on to help maintain community relations amongst their residents, i.e. ‐Penrose Housing Association have funded history workshops for young people at Code 7 ‐Look Ahead Hostels have funded portable music workshops for their residents on their Aldgate and Earls Court sites and always bookourportable ChristmasParty Service every year
*Transport*	The funds that we apply for include travel costs which continues tohelp support, and benefit, the transportindustry
*Other Community Organisations,* *Groups & Projects*	Other community organisations, groups and projects benefit: - • By working together with Code 7 which helps them to broaden their young people client group • By gaining access for their young people client group to services and facilities they may not have or are able to afford • By gaining strength and more recognition from being a part of a consortium • By joining together in funding applications to help maintain theirservices
*Funding Organisations*	Funding organisations benefit by being able to fund an organisation which has a proven track record of engaging many hard to reach young people and reporting to the standards set. Funding bodies have seen the benefits and continue tofund Code7,whether itisinalong-termcontract or

Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

in small, yearly funding applications.

The trustees are mindful of the public benefit tests for charities, and confirm they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charities Commission.

Financial Review

We are working with a professional consultant with the intention to maximise our income generation. We have faced difficult periods but have worked hard to secure continued and further funding.

Principle funding sources

Below is a list of our funding/income and approximate grant amounts for the year to 31 March 2022: -

LB Lambeth General £14’561
Lambeth Summer Camp £1’920
MTVH £25’164
Hackney HCVS £31’303.97
Optivo Housing £23’147.30
Brixton bid £5’000
Safer London £12’000
UK Youth £22’000
Young Londoners Fund £27’776
• Donations £1’053.66

Investment Policy

Under the Memorandum of Association, the charity has the power to make any investment which the trustees see fit. The funds held by the charity during the year under review were not sufficient to justify separate investment, other than to be placed on deposit with the charity’s bankers.

We are currently working with professional consultants to enable us to maximise our capacity in investments and reserves.

Reserves Policy

As the funds we receive are mainly grants, the expenditure usually caters for the actual projects we delivered for that particular funder. This makes it difficult for us to contribute money to investment or reserves, although this is an area we are keeping under review.

We are now in the process of implementing procedures to enable us to transfer small investments into our reserves and we aim to build upon this gradually. Our work with

Code 7 Ltd - Charity No: 1148311 / Company Limited By Guarantee No: 5362713 / Asdan Accreditation Provider No: 32799 HEAD OFFICE: 11 Ashmere House, Acre Lane, Brixton, London Sw2 5UQ / Tel/Fax: (Admin) 020 7998 1531 / Email: code7Ltd@outlook.com / info@code7music.co.uk / Website: https://www.code7.live

professional business consultants will enable us to increase the potential of our reserves. A percentage of the donation that was received in this financial year, 202021, was transferred to our reserves.

Plans for Future Periods

The charity plans to continue the work set out in our memorandum and articles and mission statement over the coming years once funding permits.

We look forward to completing our London Youth Quality Mark with Rocket Science and still aim to raise funding to re-apply for PQASSO Quality Mark Level 1 and Level 2 thereafter, to ensure the company maintains high quality standards at board level, and in operational management and project delivery.

We are working with Lambeth Council to secure long-term premises for Code 7.

Code 7 is now operating within a Public Health context which ensures our future provisions have the best possible foundations to help us create and sustain positive change in our community.

Responsibilities of the Management Committee

Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Management Committee should follow the best practice and:

Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent: and
Prepare the financial statements on the going concern basis unless it is not appropriate to
Assume that the company will continue on that basis.
Prepare financial statements that show a true and fair view

The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Management Committee

Members of the Management Committee, who are directors for the purpose of the company and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

Small Company Provisions

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.

Approved by the Management Committee on 22.12.22 and signed on its behalf by:

S Lisbie - Chair

On behalf of the trustees’ board

Code 7 Limited

REGISTERED COMPANY NUMBER: 05362713 (England and Wales) REGISTERED CHARITY NUMBER: 1138411

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 for

Code 7 Limited

Code 7 Limited

Contents of the Financial Statements for the Year Ended 31 March 2022

	Page
Report of the Trustees	3-9
Independent Examiner'sReport	10
StatementofFinancialActivities	11
BalanceSheet	12
Notes to theFinancialStatements	14-16
Detailed StatementofFinancialActivities	17

Code 7 Limited

Report of the Trustees For the Year Ended 31 March 2022

The Trustees present the report and financial statements of Code 7 for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05362713 (England and Wales)

Registered Charity number 1138411

Registered office 11 Ashmere House London Acre Lane London SW2 5UQ

Trustees

S Lisbie (Chair) F Aniatu Kallay (Secretary) A McGregor (Treasurer)

Business Consultant Lee A Law CEO A Senator Director N Cayenne Independent examiner Abraham and Associates Ebenezer House 41 Clarence Street Southend-On-Sea England SS1 1BH Bankers Lloyds TSB Bank Plc Head Office 25 Gresham Street London EC2V 7HN

Structure, Governance and Management

Governing Document

Code 7 Limited

Recruitment and Appointment of Management Committee

One of the board members Nyal Cayenne is a newly appointed director (April 2018) and is the youngest member of the board at 21. A former service user at Code 7, he is studying at college and works as a self-employed businessman. Lee-Ann Law Lee-Ann is a business consultant and works in high level businesses and companies. She has intense experience of operating businesses, especially in terms of project management and transfers her exceptional skills to ensure Code 7’s governance is regulated, monitored and evaluated thoroughly.

Mr Stuart Lisbie , Miss Anne McGregor , Miss Fatmata Aniatu Kallay, Mr Nyal Cayenne , and Mrs Lee - Ann Law retire by rotation and, being eligible, offer themselves for re-election.

Mr Joel Demming who was a previous member of the board and Mr Nyal Cayenne are prime examples, emerging from engaging as young men on workshops, then as trainees and finally becoming board members.

We currently have 5 voting board members and a membership consisting of 14 non-voting members. The non-voting members make up the numbers when required at board meetings, events, seminars, etc.

Trustee Induction and Training

Along with physical training, the trustees have received their training in form of DVDs and online. This is relayed at board meetings so the other trustees can see how training went with the others.

The trustees also receive training from their workplaces (i.e. Accountants, etc) which enables all trustees to be able to share alternative learning with each other.

Risk Management

Procedures are in place to ensure safety of the trustees, staff, volunteers and our young service users. These procedures are also reviewed annually.

Code 7 Limited

Organisational Structure

Related Parties

With the charity’s work becoming more intense with the many issues that the young service users bring along with them, it is important that we associate ourselves with relevant parties.

Our trustees and management serve on other boards such as Lambeth Youth Violence Forum.

Being a part of these other groups opens the charity to work and/or funding opportunities that can, will or do benefit the charity

Our Aims and Objectives

Purpose and Aims

Our charity’s purpose as set out in the objects contained in the company’s memorandum of association is: “To advance in life and relieve needs of young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals”

Our aims fully reflect the purposes that the charity was set up to further.

Ensuring our Work Delivers our Aims

We also ensure that all funding applications that we create and submit adhere closely to the purpose in our charity’s memorandum and articles.

The Focus of our Work

We delivered these activities and services by:

Providing quality music recording equipment and facilities that would otherwise be unaffordable to our primary user group
Employing staff and volunteers with good experience of the music and creative industry and a passion for helping in the community
Implementing projects specially designed to attract, engage and change mindsets and behaviour of project participants

Code 7 Limited

Working in partnership with other relevant agencies and organisations to ensure we can provide the support and help that is needed for our service users

How our activities deliver public benefit

Below is a chart which identifies to whom and how Code 7’s activities deliver public benefit:

Public and Wider Public Beneficiaries	How They benefit
*All young people*, aged 18 and under and from all geographical areas, backgrounds, cultures, races, etc, who: - - Seek education in music and multimedia - Have ambitions and aspirations to engage in music and multimedia - Would like to participate in running youth projects and live events - Want to gain skills in work experience - Love to produce audio and visual product	These young people benefit by: - • Receiving their teaching and development from experienced community and industry staff and volunteers • Gaining accredited and achievement certificates • Using quality equipment that produces professional product • Gaining services many of them would not be able to afford • Working in an environment which enables them to progress personally • Having an opportunity to better themselves while engaging in positive activities which are popular and they love and enjoy
*All young adults*, aged 19 to 30 and from all geographical areas, backgrounds, cultures, races, etc, who: - - Have ambitions to improve their skills and knowledge in business and enterprise - Need support to gain the right skills to seek a career in the multimedia industry - Want to develop their product for commercial use	These young adults benefit by: - • Using quality equipment, resources and facilities • Gaining accredited and achievement certificates • Improving their chances for employment or running a business • Having an opportunity to better themselves while engaging in positive activities which they demand, love and enjoy
*Parents/Carers*	Parents/Carers benefit by: - • Having extra activities to help keep their children/young people diverted from boredom on the streets • Having another platform to be able to bond with their children/young people (i.e. approving and signing induction/policy documents, attending showcases, open days, events,etc)
*Community Residents*	Community residents benefit from: - • The changes in the young people’s mind sets and behaviour which help residents to be safer • Being able to attend open days and presentations where they talk to young people and gain more understanding of their aspirations which helps build community trust • Volunteering to give something back to the community which gives residents self satisfaction and accomplishment • Participating in activities themselves which help them to develop their skills and education also
*Senior Community Residents*	Our senior community residents benefit from: - • Our lovable staff and volunteers who happily help them with shopping and bag carrying, etc • Having activities nearby which keep their minds active as they always enquire about what is new • Having a service, which is nearby, where they can come to or call when they need some help quitequickly (i.e. water leaks,lost keys,swollen andjammed doors,etc)
*Police*	The police benefit by utilising the service to build better relations with the young people, i.e. – • Holding question & answer sessions • displaying newsletters • liaising with staff/volunteers/youths • attending performances/events • actingas talentjudges on talentquests,etc
*Local Councils (Lambeth/Hackney)*	The local councils benefit by utilising the service to be able to reach the young people so they can continue to strategise and implement new and improved youth services, i.e. – • EYS (Electronic Youth Service) •CAF(Common Assessment Framework)

Code 7 Limited

	• Safeguarding (for children and young adults), etc The local councils also benefit: - • By funding young people led projects, which helps bring awareness to the young people of the councils’ commitments to them • By having an alternative service where they can refer young offenders • From having a structure whereby they can know every young person and how they are beingengaged
*Schools/Colleges*	Schools and Colleges benefit: - • From having a specialised music and multimedia service where they can send their pupils/students to gain hands on and live experience • From having a service they can call on to curve difficult young people and help put them back on track with their behaviour and education (i.e. Code 7 engaged 3 male pupils at Mitcham Vale Secondary School who were set to fail their GCSEs in music, which would obviously affect their route into college. Code 7’s input helped to steer these 3young people back on track and allgained the requiredgrades)
*Businesses*	- Local businesses benefit from the continued relations built through the continuity of our service which helps them to generate more business - Local shop owners liaise with us in terms of minor difficulties with young people and we act on these accordingly creating better understandings between them and the young people - Shop owners sponsor various projects with us and in turn advertise their trade - Clothes shop owners have loaned clothes to young people to perform in videos so theycan advertise their brands
*Health*	Departments of the health sector benefit from implementing projects and also advertising through our services to the young people, i.e. – • Lambeth NHS have funded a sexual health project through Code 7 which engaged 30 young people • Lambeth NHS funded a music therapy programme called ‘Music Healing’ • Lambeth NHS display their advertisement leaflets with us Code 7 has also provided pilot workshops and specialised programmes for young men and woman with mental health issues.
*Housing*	Code 7 have built relations with various parts of the housing sector and they benefit by having a specialised music and multimedia service they can call on to help maintain community relations amongst their residents, i.e. ‐Penrose Housing Association have funded history workshops for young people at Code 7 ‐Look Ahead Hostels have funded portable music workshops for their residents on their Aldgate and Earls Court sites and always book our portable Christmas Party Service every year
*Transport*	The funds that we apply for include travel costs which continues to help support, and benefit,the transport industry
*Other Community Organisations,* *Groups & Projects*	Other community organisations, groups and projects benefit: - • By working together with Code 7 which helps them to broaden their young people client group • By gaining access for their young people client group to services and facilities they may not have or are able to afford • By gaining strength and more recognition from being a part of a consortium • By joiningtogether in fundingapplications to helpmaintain their services
*Funding Organisations*	Funding organisations benefit by being able to fund an organisation which has a proven track record of engaging many hard to reach young people and reporting to the standards set. Funding bodies have seen the benefits and continue to fund Code 7,whether it is in a long-term contract or in small, yearlyfundingapplications.

Code 7 Limited

Financial Review

We are working with a professional consultant with the intention to maximise our income generation. We have faced difficult periods but have worked hard to secure continued and further funding.

Principle funding sources

Below is a list of our funding/income and approximate grant amounts for the year to 31 March 2022: -

LB Lambeth General £12,641
Lambeth Summer Camp £1,920
MTVH £25,164
Hackney HCVS £31,303.97
Optivo £23,147.33
Brixton bid £5,000
Safer London £12,000
UK Youth £22,000
Donations £1,053.66
Parallel Youth Enterprise £1,920
• GLA Young Londoners Fund £27,776

Investment Policy

We are currently working with professional consultants to enable us to maximise our capacity in investments and reserves.

Reserves Policy

We are now in the process of implementing procedures to enable us to transfer small investments into our reserves and we aim to build upon this gradually. Our work with professional business consultants will enable us to increase the potential of our reserves. A percentage of the donation that was received in this financial year, 2021-22, was transferred to our reserves.

Plans for Future Periods

The charity plans to continue the work set out in our memorandum and articles and mission statement over the coming years once funding permits.

We look forward to completing our London Youth Quality Mark with Rocket Science and still aim to raise funding to reapply for PQASSO Quality Mark Level 1 and Level 2 thereafter, to ensure the company maintains high quality standards at board level, and in operational management and project delivery.

We are working with Lambeth Council to secure long-term premises for Code 7.

Code 7 is now operating within a Public Health context which ensures our future provisions have the best possible foundations to help us create and sustain positive change in our community.

Responsibilities of the Management Committee

Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent: and
Prepare the financial statements on the going concern basis unless it is not appropriate to
• Assume that the company will continue on that basis.

Code 7 Limited

Prepare financial statements that show a true and fair view

Members of the Management Committee

Small Company Provisions

Approved by the Management Committee on 22/12/2022 and signed on its behalf by:

S Lisbie - Chair

On behalf of the trustees’ board

Code 7 Limited

Independent Examiner's Report to the Trustees of Code 7 Limited

I report to the charity trustees on my examination of the accounts for the year ended 31 March 2022 set out on pages eleven to seventeen.

Respective responsibilities of trustees and examiner

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“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 145(5)(b) of the 2011 Act.

Independent examiner's statement

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 were 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 accordance with the Charities SORP (FRS102).

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.

Xavier Abraham FCCA

Abraham and Associates Chartered Certified Accountants Ebenezer House, 41 Clarence Street Southend on Sea Essex, SS1 1BH

Date :23/12/2022

Code 7 Limited

Statement of Financial Activities for the Year Ended 31 March 2022

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income RESOURCES EXPENDED Charitable activities Governance costs Other resources expended Total resources expended Tax charges NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Gross transfers between funds 9 Net incoming/(outgoing) resources RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	31.03.22 Unrestricted Restricted Total fund funds funds £ £ £ 105,310 58,616 163,926 147,005 147,005 1,380 1,380 13,384 - 13,384 14,764 147,005 161,769 - - - 90,546 (88,389) 2,157 (83,506) 83,506 - 7,040 (4,883) 2,157 16,812 16,198 33,010 23,852 11,315 35,167	31.03.21 Total funds £ 210,536 150,005 1,170 30,984
		182,159 -
		28,377 -
		28,377 4,633
		33,010

Code 7 Limited

Balance Sheet At 31 March 2022

Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS/(LIABILITIES) FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS	Unrestricted Restricted fund funds £ £ - 19,090 1,453 - 35,540 - 36,993 - (5,617) - 31,376 - 31,376 19,090 (15,299) - 16,077 19,090	31.03.22 Total funds £ 19,090 1,453 35,540 36,993 (5,617) 31,376 50,466 (15,299) 35,167 16,077 19,090 35,167	31.03.21 Total funds £ 23,973 1,453 34,813
			36,266 (6,366)
			29,900

			53,873 (20,863)
			33,010
			9,037 23,973
			33,010

Code 7 Limited

Balance Sheet - continued

At 31 March 2022

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 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 charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Co mpanies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on 22/12/2022 and were signed on its behalf by:

S Lisbie

Trustee

The notes form part of these financial statements

Code 7 Limited

Notes to the Financial Statements

for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

These are capitalised if they can be used for more than one year and are valued at cost. Depreciation is provided on the following rates.

Fixtures and fittings 25% on reducing balance
• Motor vehicles 20% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOMING/(OUTGOING) RESOURCES

Net resources are stated after charging/(crediting):

31.03.22 31.03.21 £ £ Depreciation - owned assets 4,882 4,241

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Code 7 Limited

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

4. STAFF COSTS

31.03.22 31.03.21 £ £

Wages and salaries 37,226 39,889 No employees received emoluments in excess of £60,000.

5. TANGIBLE FIXED ASSETS

Plant and
machinery
etc
£
Cost
At 1 April 2021
54,761
Additions
-
Disposals
-
At 31 March 2022
54,761
Depreciation
At 1 April 2021
53,016
Charge for the year
437
On disposals
-
At 31 March 2022
53,453
Net book value
At 31 March 2022
1,308
At 31 March 2021
1,745
6.DEBTORS: AMOUNTS FALLINGDUEWITHINONE YEAR
Other debtors
7.CREDITORS: AMOUNTS FALLINGDUEWITHINONE YEAR
Other creditors
8.CREDITORS: AMOUNTS FALLINGDUEAFTERONE YEAR
Finance lease and HP contracts

Motor
vehicles
Total
£
£
23,399
78,160
-
-
-
-
23,399
78,160
1,171
54,187
4,446
4,883
-
-
5,617
59,070
17,782
19,090
22,228
23,973
31.03.2231.03.21
£ £
1,453 1,453
31.03.2231.03.21
£ £
5,617 6,366
31.03.2231.03.21
£ £
15,299 20,863

Code 7 Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. MOVEMENT IN FUNDS

Unrestricted funds General fund Current Assets Restricted funds Tangible fixed asset fund TOTAL FUNDS	Net movement Transfers At 01.04.21 in funds between funds At 31.03.22 £ £ £ £ (27,229) 90,546 (84,234) (20,917) 36,266 728 36,994
	9,037 90,546 (83,506) 16,077 23,973 (88,389) 83,506 19,090
	33,010 2,157 - 35,167

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds TOTAL FUNDS 10.The average number of employees for the period	Incoming Resources Movement in resources expended funds £ £ £ 105,310 (14,764) 90,546 58,616 (147,005) (88,389)	Incoming Resources Movement in resources expended funds £ £ £ 105,310 (14,764) 90,546 58,616 (147,005) (88,389)	Incoming Resources Movement in resources expended funds £ £ £ 105,310 (14,764) 90,546 58,616 (147,005) (88,389)
	163,926 (161,769)		2,157
		31.03.2022 8	31.03.2021 6

Code 7 Limited

Detailed Statement ofFinancial Activities for the Year Ended 31 March 2022 INCOMING RESOURCES Voluntary income Grants Total incoming resources RESOURCES EXPENDED Costs of Charitable activities Wages Rent and utilities Insurance Workshops/subcontractors IT and internet expenses Other direct equipment costs Equipment Project expenses Support costs Management Telephone Postage and stationery Fees Consultancy fees Other office expenses Motor Repair and maintenance Travel and subsistence Staff pensions Profit/loss on sale of fixed assets Dep - Fixtures and fittings Dep - Motor vehicles Governance cost Professional fees Finance Bank charges Total resources expended Net (expenditure)/income	31.03.22 £ 163,926 163,926 37,226 7,312 1,571 84,899 426 - 1,562 14,008 147,004 3,179 315 1,191 - 150 3,175 - - 406 - 437 4,446 13,299 1,380 86 161,770 2,157	31.03.21 £ 210,536
		210,536 39,889 4,446 1,462 39,635 - 80 10,364 54,129
		150,005 2,646 571 14,760 - 2,733 3,922 - 429 629 272 582 3,659
		30,203 1,170 780
		182,158

		28,378

CODE 7 LIMITED

Registered Company No. 05362713

Registered Charity No. 1138411

11 Ashmere House, Acre Lane, London, SW2 5UQ

Abraham and Associates

Chartered Certified Accountants 41 Clarence Street Southend on Sea Essex SS1 1BH

Dear Sirs

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of the supporting documentation sufficient to satisfy ourselves that we can properly make each of the following representations to you in connection with your report on the financial statements of the charity for the period ended 31 March 2022:

We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK and Ireland) and that you do not express an audit opinion.
We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial period ended 31 March 2022 audited.
We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter under the Charities Act 2011, for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view.
All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
All the accounting records and related financial information, including minutes of all management and trustee meetings and correspondence with The Charity Commission have been made available to you for the purpose of your work.
The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity's assets, except for those that are disclosed in the notes to the financial statements.
We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that we have given to third parties.
We have no plans or intentions that may materially alter the carrying value or classification of assets and liabilities reflected in the financial statements.

Code 7 Limited - Registered Charity No. 1138411

CODE 7 LIMITED

Registered Company No. 05362713 Registered Charity No. 1138411

11 Ashmere House, Acre Lane, London, SW2 5UQ

We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.
We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose affects should be considered when preparing the financial statements.
Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.
All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully

��

On behalf of the board of trustees Date ��

Code 7 Limited - Registered Charity No. 1138411