| Page | ||
|---|---|---|
| Reference and administrative | details ofthe charity, its Trustees and advisers | |
| Trustees' report |
2-8 | |
| Independent examiner's report |
||
| Statement offinancial activities |
10 | |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial statements | 13-27 |
| Trustees | Bayju Ashvin Thakar | |||
|---|---|---|---|---|
| David Lynn (resigned | 31 January | 2021) | ||
| James Chau | ||||
| Mallah Tabot | ||||
| Sir Nick Partridge | ||||
| Benedict Plumley | ||||
| Sara Cerrell | ||||
| Raffaele Annecchino | (appointed | 3 February 2021) | ||
| Company | registered | |||
| number | 07364172 | |||
| Charity registered | ||||
| number | 1140295 | |||
| Registered | office | 17-29Hawley Crescent | ||
| Camden | ||||
| London | ||||
| NW1 8TT | ||||
| Chief executive officer | Georgia Arnold | |||
| Accountants | Kreston Reeves LLP | |||
| Chartered Accountants |
||||
| 2nd Floor | ||||
| 168Shoreditch High Street |
||||
| London | ||||
| E1 6RA | ||||
| Bankers | JP Morgan Chase Bank NA | |||
| 125London Wall | ||||
| London | ||||
| EC2Y 5AJ |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2020 | 2020f | 2020 F |
2019 | ||
| Income from: | ||||||
| Donations and legacies |
173,954 | 133,904 | 307,858 | 470,685 | ||
| Charitable activities |
59,925 | 59,925 | 69,272 | |||
| Total income | 233,879 | 133,904 | 367,783 | 539,957 | ||
| Expenditure on: |
||||||
| Raising funds | 1,170 | 1,170 | 10,050 | |||
| Charitable activities |
290,224 | 193,003 | 483,227 | 402,949 | ||
| Total expenditure | 291,394 | 193,003 | 484,397 | 412,999 | ||
| Net (expenditure)/income | (57,515) | (59,099) | (116,614) | 126,958 | ||
| Transfers between |
funds | 14 | 500 | (500) | ||
| Net movement in |
funds | (57,015) | (59,599) | (116,614) | 126,958 | |
| Reconciliation of |
funds: | |||||
| Total funds brought |
forward | 136,523 | 190,663 | 327,186 | 200,228 | |
| Net movement in funds |
(57,015) | (59,599) | (116,614) | 126,958 | ||
| 79,508 | 131,064 | 210,572 | 327,186 | |||
| Total funds carried forward |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | ||||
| Current assets | ||||
| Debtors | 12 | 95,246 | 79,124 | |
| Cash at bank and | in hand | 159,283 | 402,237 | |
| 254,529 | 481,361 | |||
| Creditors: amounts | falling due within one | |||
| year | 13 | (43,957) | (154,175) | |
| Total net assets | 210,572 | 327,186 | ||
| Charity funds | ||||
| Restricted funds |
14 | 131,064 | 190,663 | |
| Unrestricted funds |
14 | 79,508 | 136,523 | |
| Total funds | 210,572 | 327,186 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net cash | used in operating |
activities | (242,954) | 295,574 | ||
| Change | in cash and cash | equivalents | in | the year | (242,954) | 295,574 |
| Cash and | cash equivalents | at the beginning | ofthe year | 402,237 | 106,663 | |
| Cash and cash equivalents | at the end | of | the year | 159,283 | 402,237 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2020 | 2020 | 2020 | 2019f | |
| Donations | 163,104 | 163,104 | 269,625 | |
| Grants | 10,850 | 133,904 | 144,754 | 201,060 |
| 173,954 | 133,904 | 307,858 | 470,685 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2020f | 2020 | 2019 F |
|
| Services invoiced | 59,925 | 59,925 | 69,272 |
| Total 2019 | 69,272 | 69,272 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020f | 2020 f. |
2019 | |||
| Costs | of raising voluntary | income | 1,170 | 1,170 | 10,050 |
| Total | 2019 | 10,050 | 10,050 |
| Grants to | Grants to | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Institutions | funds | funds | ||||||
| 2020 | 2020 | 2019 | ||||||
| E | ||||||||
| Grants, Grant programme |
22,698 | 22,698 | 74,292 | |||||
| Total | 2019 | 74,292 | 74,292 | |||||
| The charity has made the | following | material | grants to institutions | during | the year: | |||
| 2020f | 2019 | |||||||
| Name | of institution | |||||||
| Change Youth Network | 4,748 | |||||||
| North | Kivu Youth Coalition | 4,750 | ||||||
| Our Choice | 4,688 | |||||||
| REVERS | 9,388 | |||||||
| We for Change | 4,753 | |||||||
| Fully | Focused Community | Trust | 4,301 | |||||
| 32,628 | ||||||||
| Other | grants to institutions | 22,698 | 41,664 | |||||
| Total | 22,698 | 74,292 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2020f | 2020 | 2020 | 2019 | |||
| Grant | programme | 162,854 | 193,003 | 355,857 | 309,610 | |
| Other | charitable | activities | 127,370 | 127,370 | 93,339 | |
| 290,224 | 193,003 | 483,227 | 402,949 | |||
| Total | 2019 | 266,433 | 136,516 | 402,949 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Staff costs | Other costs | funds | funds | |||
| 2020 | 2020 | 2020 | 2019 | |||
| E | ||||||
| Grant | programme | 62,504 | 293,353 | 355,857 | 309,610 | |
| Other | charitable | activities | 116,079 | 11,291 | 127,370 | 93,339 |
| 178,583 | 304,644 | 483,227 | 402,949 | |||
| Total | 2019 | 149,032 | 253,917 | 402,949 |
| Activities | Grant | ||||||
|---|---|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | |||
| directly | activities | costs | funds | funds | |||
| 2020 | 2020f | 2020 | 2020 | 2019 F |
|||
| Grant | programme | 236,006 | 22,698 | 97,153 | 355,857 | 309,610 | |
| Other | charitable | activities | 127,370 | 127,370 | 93,339 | ||
| 236,006 | 22,698 | 224,523 | 483,227 | 402,949 | |||
| Total | 2019 | 121,313 | 74,292 | 207,344 | 402,949 |
| Grant | Total | Total | |
|---|---|---|---|
| programme | funds | funds | |
| 2020 | 2020 | 2019f | |
| BCG event | 21,797 | ||
| Training | 2,500 | ||
| Production costs |
92,428 | 92,428 | 78,148 |
| Alone Together | 6,600 | 6,600 | |
| MTV SHUGA expenses | 300 | 300 | 10,490 |
| Swedish Postcode Foundation | 88,093 | 88,093 | |
| Waterloo Foundation |
43,018 | 43,018 | |
| Kiehl's event costs | 5,567 | 5,567 | 8,378 |
| 236,006 | 236,006 | 121,313 | |
| Total2019 | 121,313 | 121,313 |
| Other | |||||||
|---|---|---|---|---|---|---|---|
| Grant | charitable | Total | Total | ||||
| programme | activities | funds | funds | ||||
| 2020 | 2020 | 2020 | 2019 | ||||
| Staff costs | 62,504 | 116,079 | 178,583 | 149,032 | |||
| Independent | examiner's | fees | 4,200 | 4,200 | |||
| Website development | 6,383 | 6,383 | |||||
| Accountancy | fees | 901 | 901 | 8,460 | |||
| Office costs | 139 | 259 | 398 | 7,426 | |||
| Computer costs | 49 | ||||||
| Bank charges | 399 | 740 | 1,139 | 2,809 | |||
| Board Meeting | costs | 11,746 | |||||
| Marketing | 2,569 | 4,771 | 7,340 | 42 | |||
| Travel | 430 | ||||||
| Subscription | 346 | 346 | |||||
| Miscellaneous | expenses | 416 | |||||
| Rent and rates | 24,587 | 24,587 | 19,228 | ||||
| Other staff costs | 226 | 420 | 646 | 86 | |||
| Auditor's remuneration |
7,620 | ||||||
| 97,153 | 127,370 | 224,523 | 207,344 | ||||
| Total 2019 | 114,005 | 93,339 | 207,344 |
| Independent | exami | ner's r |
e | muneration | ||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| Fees payable | to the | charity's | independent | examiner | for the independent | |||
| examination | ofthe | charity's | annual accounts | 4,200 | ||||
| Fees payable | to the | charity's | independent | examiner | in respect of: | |||
| Auditof the charity's | annual | accounts | 7,620 | |||||
| Bookkeeping | 8,460 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2020f | 2019 | ||||
| Wages and | salaries | 170,300 | 142,034 | ||
| Social security costs | 5,229 | 4,787 | |||
| Contribution | to defined | contribution | pension schemes | 3,054 | 2,211 |
| 178,583 | 149,032 |
| 2020 | 2019 |
|---|---|
| No. | No. |
| 2020 | 2019 |
|---|---|
| No. | No. |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Due within one year | ||||
| Trade debtors | 44,222 | 53,571 | ||
| Amount owed |
by connected | charity | 45,629 | 3,965 |
| Prepayments | and accrued | income | 5,395 | 21,588 |
| 95,246 | 79,124 |
| 13. | Creditors: Amounts | falling | due within one year | ||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Trade creditors | (832) | 25,838 | |||
| Amounts owed to connected |
charity | 24,326 | 23,826 | ||
| Other creditors | 4,159 | ||||
| Accruals and deferred | income | 16,304 | 79,905 | ||
| Grants accrued - institutional | 24,606 | ||||
| 43,957 | 154,175 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | December | ||||
| 2020 | Income | Expenditure | in/out | 2020 | ||
| Unrestricted funds |
||||||
| General funds | 136,523 | 233,879 | (291,394) | 500 | 79,508 | |
| Restricted funds | ||||||
| ViiV Healthcare | 39,269 | (39,195) | 74 | |||
| Rhododendron Trust |
500 | 500 | ||||
| Waterloo Foundation |
60,000 | (43,018) | 16,982 | |||
| Swedish Postcode | Foundation | 75,264 | 63,063 | (88,093) | 50,234 | |
| Bryan Guinness Charitable |
||||||
| Trust | 2,000 | 2,000 | ||||
| Henhurst CT |
500 | (500) | ||||
| Comic Relief | 13,130 | 64,841 | (22,697) | 55,274 | ||
| Monica Rabagliati | Charitable | |||||
| Trust | 1,500 | 1,500 | ||||
| Allan L Nesta Ferguson | ||||||
| Charitable Trust |
3,500 | 3,500 | ||||
| Austin Bailey Trust |
1,000 | 1,000 | ||||
| 190,663 | 133,904 | (193,003) | (500) | 131,064 | ||
| Total offunds | 327,186 | 367,783 | (484,397) | 210,572 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | |||||||
| 1 January | December | |||||||
| 2019 | Income | Expenditure | 2019 | |||||
| E' | F | |||||||
| Unrestricted | funds | |||||||
| General | funds | 137,254 | 343,410 | (344,141) | 136,523 | |||
| Restricted funds | ||||||||
| ViiV Healthcare | 62,974 | (23,705) | 39,269 | |||||
| Rhododendron | Trust | 500 | 500 | |||||
| Waterloo | Foundation | 60,000 | 60,000 | |||||
| Swedish | Postcode Foundation | 75,264 | 75,264 | |||||
| Bryan Guinness | Charitable | Trust | 2,000 | 2,000 | ||||
| Henhurst | CT | 500 | 500 | |||||
| Comic Relief | 58,283 | (45,153) | 13,130 | |||||
| 62,974 | 196,547 | (68,858) | 190,663 | |||||
| Total of | funds | 200,228 | 196,547 | (412,999) | 327,186 |
| Summary offunds - cu |
rrent year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 | ||||
| January | Transfers | December | |||
| 2020 | Income | Expenditure | in/out | 2020 | |
| General funds | 136,523 | 233,879 | (291,394) | 500 | 79,508 |
| Restricted funds | 190,663 | 133,904 | (193,003) | (500) | 131,064 |
| 327,186 | 367,783 | (484,397) | 210,572 |
| Summary offunds - prior year |
||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at | 31 | |||
| 1 January | December | |||
| 2019 | income | Expenditure | 2019 | |
| F | ||||
| General funds | 137,254 | 343,410 | (344,141) | 136,523 |
| Restricted funds | 62,974 | 196,547 | {68,858) | 190,663 |
| 200,228 | 539,957 | (412,999) | 327,186 |
| Analysis | ofn | et ass | ets | between funds - cur | rent period | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2020 | 2020 | 2020 | |||||
| Current | assets | 123,465 | 131,064 | 254,529 | |||
| Creditors | due | within | one | year | (43,957) | (43,957) | |
| Total | 79,508 | 131,064 | 210,572 |
| 16. | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | funds (contin | funds (contin | ued) | ued) | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Analysis ofnet assets between | funds - prior | period | ||||||||||
| Unrestricted | Restricted | Total | ||||||||||
| funds | funds | funds | ||||||||||
| 2019 | 2019 | 2019 | ||||||||||
| E | F | |||||||||||
| Current assets | 290,698 | 190,663 | 481,361 | |||||||||
| Creditors due | within one year | (154,175) | (154,175) | |||||||||
| Total | 136,523 | 190,663 | 327,186 | |||||||||
| 17. | Reconciliation | of | net | movement | in funds to | net | cash flow | from operating | activities | |||
| 2020f | 2019 | |||||||||||
| Net income/expenditure |
for | the | period | (as | per | Statement | of Financial | |||||
| Activities) | (116,614) | 126,958 | ||||||||||
| Adjustments | for: | |||||||||||
| Decrease/(increase) | in | debtors | (16,122) | 90,888 | ||||||||
| increase/(decrease) | in | creditors | (110,218) | 62,728 | ||||||||
| Net cash provided | by/(used | in) | operating | activities | (242,954) | 280,574 | ||||||
| 18. | Analysis ofcash and | cash equivalents | ||||||||||
| 2020f | 2019 F |
|||||||||||
| Cash in hand | 159,283 | 402,237 | ||||||||||
| Total cash and cash equivalents | 159,283 | 402,237 |