## 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”** _**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_ 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| _**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_ ||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)| _**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_ |**_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| _**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_ 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 _**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_ 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 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_ 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. 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). ## **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 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. 3 Code 7 Limited ## 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 reelected at the next Annual General Meeting. 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. 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 non-voting 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. 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. 4 Code 7 Limited ## 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 5 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)| 6 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.| 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. 7 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 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 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** 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. 8 Code 7 Limited - 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 22/12/2022 and signed on its behalf by: ## **S Lisbie - Chair** On behalf of the trustees’ board 9 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 10 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| 11 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| 12 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 13 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. 14 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| |---|---| 15 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| 16 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| 17 ## **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: 1. 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. 2. 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. 3. 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. 4. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 5. 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. 6. 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. 7. 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. 8. 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 9. 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. 10. 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. 11. 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. 12. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. 13. 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. 14. 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