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2020-08-31-accounts

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Annual Report and Financial Statements for the year ended 31 August 2020

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Diversity Role Models

Annual Report and Accounts

for the year ended 31 August 2020

Company Limited by Guarantee Registration Number 07640644 (England and Wales) Charity Registration Number 1142548

Table of contents

Chief Executive Officer’s preface 3
Report of the Directors 4
Objectives and activities 4
Achievements and performance 5
Financial review 8
Structure, governance and management 9
Reference and administrative details 12
Statement of Trustees’ and Directors’ responsibilities 14
Report of the Independent Examiner 15
Financial Statements 17
Statement of Financial Activities 17
Balance Sheet 18
Notes to the Financial Statements 19

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Chief Executive Officer’s preface

2019/20 was a year of uncertainty, challenges, transformations and successes. Diversity Role Models adapted through the turbulent year. With the dedication and resilience of the team, I’m proud to say we ended one of our most extreme years in a solid and optimistic position. We are ready for the future and the opportunities to become a stronger organisation than we were before the pandemic.

We started the year with a staff team of 11, the largest Diversity Role Models ever had, and were on track to deliver more workshops and trainings to more students and adults than any previous year before the sudden closure of all schools in March 2020.

Within days, we gave the office a final clean before locking the door to prepare for the first of a wave of national lockdowns. I could never have envisaged that over a year later we would still be working from home. The team adapted quickly to remote working and using new technologies to stay connected to one another, volunteers, schools and corporate and community partners.

Before schools closed and services ceased, we were able to virtually complete the delivery of the Pathways to LGBT+ Inclusion project funded by the Government Equalities Office Anti-Homophobic, Biphobic and Transphobic Bullying fund. I would like to give a personal thanks to the two Education Officers who delivered this project before their contract ended on 31 March 2020.

DRM began participating in the Government’s Coronavirus Job Retention Scheme in April 2020 and has continued to furlough staff into 2021. Furlough was never the preferred option, but it was the necessary solution and we remain grateful for the financial security this scheme has provided. I recognise how challenging it has been for members of my team who were furloughed. Their sacrifice has been pivotal in enabling DRM to re-establish our strong foundation and prepare for reaching more beneficiaries in the post-pandemic recovery period, now set to be the 2021/22 school year.

At the start of the first national lockdown we held six months of reserves. However, we had no indication how long schools would remain closed, how long the furlough scheme would last or if our financial supporters would continue their support. In the last five months of the year, I was astonished at the outpouring of support DRM received. I am appreciative of the individuals and organisations that continued to support us financially during this difficult period. This support, in addition to our success in grant applications, is reflected in this set of accounts.

At the time of writing this preface in May 2021, I now know the UK and DRM have many more months of challenges, but the digital delivery model we began developing in July 2020 is now firmly part of our core offering and has enabled us to remove all geographic barriers. We will continue to establish and grow our digital services over the coming years.

But, as of now and for the first time - Any school in the country can now book a service with us.

We’re proud to say, after the most difficult year of operations we have achieved this dream goal.

Adam McCann

Chief Executive Officer Date: 18 May 2021

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Report of the Directors

for the year ended 31 August 2020

The Trustees, who are also Directors of the company for the purposes of the Companies Act 2006, present their report and financial statements of the charity for the year ended 31 August 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued in October 2019.

On 23 February 2021, a general meeting of the charity approved amendments to its charitable objects and certain administrative alterations to its Articles of Association. Pursuant to Section 198 of Part 10 of the Charities Act 2011, the amendment of its charitable objects was considered a regulated alteration requiring prior written approval from the Charities Commission. Formal written consent to amend the charitable objects was received from the Charities Commission on 21 December 2020. All references in this document to the charitable objects or Articles of Association of the charity refer to the amended versions approved by the general meeting on 23 February 2021.

Objectives and activities

Diversity Role Models' charitable objects are specifically restricted, in each case, to the promotion of equality and diversity for the public benefit by:

  1. the elimination of discrimination on the grounds of sexual orientation and gender identity in educational institutions;

  2. advancing education and raising awareness in equality, diversity and inclusion; and

  3. promoting activities to foster understanding between people from diverse backgrounds.

Key activities of Diversity Role Models

Diversity Role Models have a vision of a world where everybody embraces diversity and can thrive. We create an LGBT+ inclusive environment where students are empowered to embrace difference and end bullying. We embed inclusion and build empathy through education and role model storytelling.

Diversity Role Models deliver workshops to students in primary and secondary schools and colleges. The classroom-based workshops are safe spaces where students can explore difference and consider their role in creating a world where we all feel accepted. To ensure sustained change we supplement student workshops with training staff, governors and parents/carers.

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Achievements and performance

Service delivery

Although this overall decrease is marked, it was to some extent offset by a large increase in our staff and governor training programme. As explained below, this was due to a funded project that ended on 31 March 2020, so it is possible given the ongoing uncertainty moving into 2020/21 that we will see a further decrease in our overall reach in the following year before it starts to fully recover.

Our delivery and beneficiaries are further broken down in the sections below.

2020 2019 2018 2017
Schools 89 147 121 134
Total beneficiaries 15,164 18,613 20,337 19,742
Avg. beneficiaries
per school		 170 127 168 147
2020 2019 2018 2017
**Workshops ** 394 619 654 779
Students 12,166 17,182 19,003 19,345
2020 2019 2018 2017
Sessions 140 43 46 15
Staff/governors 2,935 1,109 1,264 397

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2020 2019 2018
Sessions 3 8 3
Parents/carers 63 322 70

Donors

The Trustees would like to thank all of those who have financially supported DRM’s work during the year:

Staff and volunteers

During the period we are also grateful to have received operational support (either virtually or in the DRM office) from 7 volunteers (2019: 12).

We would particularly like to thank Etienne Tegtmeier for his continued support in preparing this report and financial statements.

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We also decided to make use of the coronavirus job retention scheme with eight out of nine staff furloughed for at least some time from the beginning of April 2020. Without the grant funds we have received from the coronavirus job retention scheme, we would have had a substantial deficit for the year, and would have needed to make difficult decisions about staffing levels. With this in mind, we thank our staff for being supportive and understanding of our decisions to furlough team members, and for working with us to support the organisation’s financial stability as best we can.

We will continue to make use of the coronavirus job retention scheme as needed going into 2020/21, subject to extensions and changes to the scheme. We will work to secure the support and understanding of those employees who will be directly impacted.

Future plans

Given the ongoing uncertainty around COVID-19, our plans will particularly focus on continuing to adapt the organisation to best handle the changed circumstances. In particular we will:

Ongoing impact of COVID-19 on activities

At the time of writing, we are not currently offering any face-to-face work to schools. Although we did see a very limited resumption of face-to-face work in the early autumn, this was again halted. At this

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point in time, we do not expect to deliver any face-to-face work until June 2021 at the earliest. However, this is based on our current best guess, and is entirely subject to change as the situation continues to evolve.

Given the lack of face-to-face work, we have begun to develop digital methods of delivery as outlined above. This has allowed us to continue delivering work even as England has been placed once more into a state of lockdown. During the year we intend to equip more of our volunteers to deliver this virtual work, so that we can appropriately scale it up.

We do not currently expect that our activities will return to normal until September 2021 at the earliest.

Financial review

Funds raised

Total income for the year was £427,716 (2019: £459,116); of which unrestricted income was £321,350 (2019: £323,712) and restricted income was £106,366 (2019: £135,404).

Expenditure

Total expenditure was £418,228 (2019: £390,501); of which unrestricted expenditure was £320,058 (2019: £299,755) and restricted expenditure was £98,170 (2019: £90,746).

This resulted in a surplus for the year of £9,488 (2019: £68,615).

Reserves policy

DRM’s reserves policy has been devised by analysing the charity’s main financial obligations now, and in the future, the cost of reshaping the charity and the scale of risk to voluntary income in order to calculate a target sum of unrestricted funds to be held in reserve. Such a sum should be sufficient to ensure the continued operation of the charity in the medium term in the event of a drop in generated income.

The reserves policy contains a framework for regularly reviewing the free reserves level, with the frequency of review determined by the amount of free reserves held. This is to ensure that the Trustees continue to monitor and manage reserves effectively.

The target for 31 August 2020 was set at £189,363 in free reserves. At 31 August 2020, DRM held £191,820 in free reserves.

Impact of COVID-19 on finances

COVID-19 has impacted on our finances, as it has impacted many organisations in a variety of different sectors. We wrote in our last annual report about an expectation that free reserves would be reduced in the year to 31 August 2020, however this has not been the case.

This is partly because the organisation has been able to access several forms of support, including grants totalling £54,173 from the Coronavirus Job Retention Scheme. We are also especially grateful

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to our landlord, the Parochial Church Council of St Anne’s Church, Soho for granting us a rent holiday for part of this period. Without these forms of support, we would have operated a large deficit, and would have been required to take drastic measures to reduce our costs.

It clearly remains the case that there is widespread uncertainty in the UK and global economies. Given the magnitude of the support that we have so far accessed from the Coronavirus Job Retention Scheme, we will be continuing to rely on government support in 2020/21. A key financial risk in the coming 18-24 months will be the speed with which the government reduces that support and whether fundraising is able to grow fast enough to replace it.

However, we do continue to carry free reserves in line with our target. By continuing to hold this level of reserves, it has given the Trustees more flexibility to respond to the impact of COVID-19 on the organisation if and when required. Bearing this in mind, the Trustees have reviewed DRM’s financial position for the next 12 months, and continue to be of the view that the organisation remains a going concern.

The Trustees are cautious about the financial outlook for DRM over the next 12 months. We will continue to closely monitor the situation and take what action we can to limit the impact of COVID19 on the organisation’s finances, while also supporting our staff, volunteers and beneficiaries where this is possible.

Structure, governance and risk management

Governing document

DRM is a charitable company, limited by guarantee, incorporated on 19 May 2011, and registered as a charity on 23 June 2011.

The company was established under a Memorandum and Articles of Association, which established the objects and powers of the charitable company, and is currently governed by Articles of Association (most-recently amended on 23 February 2021).

Governance

The charity is governed by its Trustees. The Trustees also act as the members of the charity and its corporate Directors for the purposes of the Companies Act 2006. The Articles of Association outline the powers, responsibilities and decision-making of the Trustees.

Recruitment and appointment of Trustees

The process for appointing DRM's Trustees is set out in the Articles of Association. The minimum number of Trustees is five. The maximum number of Trustees is twelve.

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New Trustees are appointed by the existing Trustees of the charity for terms not to exceed three years. Trustees may serve multiple terms. The maximum term of continual service for a Trustee is six consecutive years. A Trustee who has served for a maximum consecutive period allowed shall not be eligible for reappointment until one year has elapsed from the date of expiry of that Trustee's last term of service. The Trustees may appoint any person willing and fit to act as a Trustee and Director, subject to the provisions of the Articles of Association.

DRM conducts a regular skills, experience and diversity audit of Trustees. This audit identifies gaps in skills or under-representation of particular groups or communities and is fundamental to the recruitment process.

Applicants are invited to apply via an open recruitment process. They complete an application form, after which shortlisted applicants are interviewed by a panel comprised of existing Trustees and the Chief Executive Officer. This panel makes a recommendation to the Trustees, with suitable applicants nominated for selection.

Trustee induction and training

Trustees are provided with a clear role description outlining their statutory and additional responsibilities as well as the Trustee code of conduct. Trustees are required to acquaint themselves with DRM’s policies and procedures, strategic plan and budget, and its Articles of Association. Trustees are actively encouraged to take up relevant training and development to fulfil their role and responsibilities to DRM.

Organisational Structure and Decision Making

The Trustees are responsible for the strategic direction of the charity and oversight of its work and finances.

The Trustees delegate day-to-day responsibility for the provision of services to the Chief Executive Officer. The Chief Executive Officer is responsible for ensuring the secure financial management and administration of the charity. Effective management and supervision of the staff team is the responsibility of the Chief Executive Officer.

Remuneration of Key Management Personnel

The remuneration of the charity’s key management personnel, the Chief Executive Officer, is set by the Board of Trustees, taking into account the charity’s financial position and the amount paid for comparable roles in comparable organisations.

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Risk assessment

DRM regularly undertakes a detailed review and assessment of risks, financial and non-financial, to which it is exposed in its current activities. These have been developed into a formal Risk Management process.

The Trustees have considered a summary of all major risks and have ensured that effective systems and controls exist to reduce internal risks and respond swiftly to external risks and minimise their impact.

Risks are monitored continually by the management and reviewed regularly by the Trustees unless there are issues that need the Trustee's immediate attention.

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Reference and administrative details

Charity Name: Diversity Role Models Charity Number: 1142548 Company Number: 07640644

Principal and St Anne’s Church Registered Office: 55 Dean Street London, W1D 6AF

Chief Executive Officer: Adam McCann

Trustees and Directors:

The Trustees who served during the year, or who served at the time this report and financial statements were approved, who were also directors of the company were as follows:

ALI, Tamoor (Chair)

BELCHER, Antonia Denise BERRYMAN, Alison (Resigned on 22 July 2020) BHIMANI, Faheem BOSWORTH, Catherine Jane CROCKETT, Alice Fabienne Stuart DRENNEN, Christopher Glenn (Secretary) FORD, James Nicholas HARVEY, Claire Louise (Resigned on 10 November 2020) MILLER-MCCAFFREY, Ann Susan PARSONS, Geffrye Ian SLINGER, Helen Louise (Treasurer) SULLIVAN, Scott Jack TUNE, Christopher James (Treasurer)

(Appointed on 2 September 2020) (Appointed as Secretary on 22 July 2020) (Resigned on 10 November 2020)

(Appointed on 2 September 2020) (Resigned on 16 September 2019) (Appointed on 2 September 2020) (Appointed on 2 September 2020)

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Bankers: Lloyds Bank Kilburn Branch 106 Kilburn High Road London NW6 4HY National Westminster Bank Tottenham Court Road Branch 45 Tottenham Court Road London W1T 2EA Independent Examiner: Stephen Jones Myrus Smith Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM1 4BW

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Statement of Trustees’ and Directors’ responsibilities

The Trustees, who are also Directors of Diversity Role Models for the purposes of company law, are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

Company law requires the Directors to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Signed on behalf of the Trustees:

Christopher Tune, Treasurer Date: 18 May 2021

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Report of the Independent Examiner

Independent Examiner's Report to the Trustees of Diversity Role Models

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2020 which are set out on pages 17 to 31.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’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

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

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Stephen Jones, FCA

Date: 20 May 2021

Myrus Smith Chartered Accountants Norman House, 8 Burnell Road, Sutton, Surrey, SM1 4BW

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Statement of Financial Activities

for the year ended 31 August 2020

Unrestricted Restricted
Funds Funds 2020 2019
Notes £ £ £ £
Income from:
Donations and legacies 3 261,903 106,366 368,269 356,946
Charitable activities
- Contributions from schools 45,150 - 45,150 76,969
Other trading activities 14,297 - 14,297 25,201
───── ───── ───── ─────
Total income 321,350 106,366 427,716 459,116
Expenditure on:
Raising funds 51,083 - 51,083 41,082
Charitable activities 268,975 98,170 367,145 349,419
───── ───── ───── ─────
Total expenditure 4 320,058 98,170 418,228 390,501
───── ───── ───── ─────
Net income/(expenditure) 1,292 8,196 9,488 68,615
Transfer between funds 2,110 (2,110) - -
Funds brought forward 191,413 65,003 256,416 187,801
───── ───── ───── ─────
Fund balances carried forward 194,815 71,089 265,904 256,416
═════ ═════ ═════ ═════

There are no recognised gains or losses other than those in the Statement of Financial Activities.

All the above amounts relate to continuing activities.

The notes on pages 19 to 31 form part of these financial statements.

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Balance Sheet

As at 31 August 2020

Notes 2020 2019
£ £
Fixed assets
Tangible assets 7 2,995 830
───── ─────
2,995 830
═════ ═════
Current assets
Debtors 8 16,845 52,849
Cash at bank and in hand 270,026 222,458
───── ─────
286,871 275,307
───── ─────
Current liabilities
Creditors falling due within one year 9 (23,962) (19,721)
───── ─────
Net current assets 262,909 255,586
═════ ═════
Total net assets
265,904		 256,416
═════ ═════
Funds
Unrestricted 11 194,815 191,413
Restricted 11 71,089 65,003
───── ─────
Total funds 265,904 256,416
═════ ═════

For the year ended 31 August 2020 the company is exempt from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with s476. The directors acknowledge their responsibilities in complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.

The accompanying notes on pages 19 to 31 form an integral part of these financial statements. The financial statements were approved by the Directors on 18 May 2021.

Christopher Tune, Treasurer Date 18 May 2021

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Notes to the Financial Statements

1. Accounting Policies

1.1 Basis of preparation of the financial statements

The financial statements are prepared under the historical cost convention and include the results of the entity’s operations which are described in the Trustees’ Report and all of which are continuing.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and the UK Generally Accepted Accounting Practice.

The charity constitutes a public benefit entity as defined by FRS102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.2 Tangible fixed assets for use by the charity and depreciation

Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write-off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment 33.33% straight-line Office equipment 20.00% straight-line

The charity does not capitalise individual expenditure items below £100.

1.3 Income

Income from donations and grants is recognised when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is shown gross, with the associated costs included in expenditure.

Voluntary help is invaluable to the charity. This cost has not been included in the financial statements since the monetary value cannot reasonably be quantified. During the year 500 (2019: 652) volunteers supported the charity, in addition to the Trustees, volunteering for an estimated 1,314 (2019: 1,997) hours in total. Further details of the contribution made by volunteers can be found in the Report of the Directors.

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Notes to the Financial Statements

1. Accounting Policies (continued)

1.4 Expenditure

Liabilities are recognised as an expense as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Support costs are those costs incurred in running the charity and have been allocated to charitable activities and cost of generating funds on the basis of an estimate of the proportion of the charity’s resources applied to each.

Governance costs, included within support costs, are those costs of running the charity as a legal entity.

1.5 Taxation

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

1.6 Gifts in kind

Income in the form of gifts in kind is included in the Statement of Financial Activities at its estimated gross value to the charity. The current value is the price that the charity reasonably estimates it would have to pay in the open market for an equivalent item or service. An equivalent amount of gifts in kind is included in expenditure.

1.7 Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Directors, at their discretion, have created a fund for a specific purpose.

1.8 VAT

Where appropriate, expenditure includes irrecoverable value added tax.

1.9 Pensions costs

The charity auto-enrols all eligible employees into a workplace pension scheme. Staff can choose to opt out of this and have the charity pay into a personal pension plan on their behalf instead. The charity will match pension contributions up to 4%.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and bank overdrafts.

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Notes to the Financial Statements

1. Accounting Policies (continued)

1.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ‘Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Income from donations and legacies

Unrestricted Restricted
Funds
Funds		 2020 2019
£ £ £ £
Grants 54,173
87,866		 142,039 135,404
Donations 171,706
18,500		 190,206 201,105
Major DRM events 22,244
-		 22,244 6,657
Gifts in kind 13,780
-		 13,780 13,780
─────
─────		 ───── ─────
261,903
106,366		 368,269 356,946
═════ ═════ ═════ ═════

2020 Grants includes an amount of £30,026 received from the Government Equalities Office for a project working with staff in schools around homophobic, biphobic and transphobic bullying (2019: £99,978), an amount of £1,718 received from Westminster Council for working in Westminster schools (2019: £1,718) and £54,173 received from the Coronavirus Job Retention Scheme (2019: nil).

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Notes to the Financial Statements

4. Total expenditure

Staff Direct Support
Total		 Total
costs costs Dep’n costs 2020 2019
£ £ £ £ £ £
Raising funds 33,293 13,524 - 4,266 51,083 41,082
Charitable
activities 310,803 30,500 1,670 24,172 367,145 349,419
───── ───── ───── ───── ───── ─────
344,096 44,024 1,670 28,438 418,228 390,501
═════ ═════ ═════ ═════ ═════ ═════
Direct costs
2020 2019
£ £
Corporate delivery – facilitators 1,090 370
Marketing consultancy - -
Miscellaneous costs 35 273
Miscellaneous staff costs 2,350 725
Monitoring and evaluation 3,780 3,780
Raising funds
- Advertising & marketing 15 3,071
- Gala event 9,640 -
- Other fundraising costs 3,869 7,195
Recruitment - 889
Schools delivery
- Advertising & marketing 100 5,134
- Facilitators 1,470 2,776
- Travel & subsistence 3,834 7,994
- Other delivery costs 590 719
Staff training 1,075 1,294
Travel & subsistence (non-delivery) 5,772 3,571
Volunteer expenses (non-delivery) 404 306
Web services 10,000 10,000
───── ─────
44,024 48,097
═════ ═════

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Notes to the Financial Statements

4. Total expenditure (continued)
Support costs 2020 2019
£ £
Accountancy 1,045 1,882
Legal costs 180 -
Insurance 910 944
IT costs 3,966 5,966
Office, stationery & postage 4,776 6,730
Rent 12,596 18,000
Subscriptions 640 565
Telephone 2,621 2,745
Governance costs
- Independent Examination 1,704 1,640
───── ─────
28,438 38,472
═════ ═════

During the year the charity received the benefit of assistance with a donor database from Salesforce. The database has been valued at its value in use to the charity of £3,780 (2019: £3,780). This is considered to be a direct cost of charitable activities.

The charity benefited from pro bono web services from Sigma Consulting Solutions. The value of services provided was £29,500 (2019: £10,125). The charity has valued this at its value in use to the charity of £10,000 (2019: £10,000). This is considered to be a direct cost of charitable activities.

5. Net income/(expenditure)
2020 2019
£ £
The net income/(expenditure) for the year is stated after
charging:
Depreciation of tangible fixed assets 1,670 927
Independent examination (Myrus Smith Chartered Accountants) 1,704 1,640

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Notes to the Financial Statements

6. Staff costs and emoluments

taff costs and emoluments
2020 2019
£ £
Wages and salaries 306,609 270,522
National insurance 25,322 23,303
Pension costs 12,165 9,180
───── ─────
344,096 303,005
═════ ═════
2020 2019
Headcount Headcount
The average number of staff employed by the
charity during the year 9.8 8.0
═════ ═════

One employee received employee benefits (excluding employer pension costs) in the range of £60,000 - £70,000 during the year (2019: none).

Total remuneration of key management personnel in the year was as follows: Total remuneration of key management personnel in the year was as follows:
2020 2019
£ £
Aggregate compensation 76,902 75,546

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Notes to the Financial Statements

7. Tangible assets

7. Tangible assets
Computer Office Total
equipment equipment
£ £ £
Cost
As at 1 September 2019 13,062 2,187 15,249
Additions 3,834 - 3,834
───── ───── ─────
As at 31 August 2020 16,896 2,187 19,083
───── ───── ─────
Accumulated depreciation
As at 1 September 2019 13,062 1,356 14,418
Charge for the year 1,278 392 1,670
───── ───── ─────
As at 31 August 2020 14,340 1,748 16,088
───── ───── ─────
Net book value
As at 31 August 2020 2,556 439 2,995
═════ ═════ ═════
As at 1 September 2019 - 830 830
═════ ═════ ═════
All fixed assets are used for charitable purposes.
8. Debtors
2020 2019
£ £
Accounts receivable 840 28,063
Other debtors 3,000 3,000
Prepayments and accrued income 13,005 21,786
───── ─────
16,845 52,849
═════ ═════

Page 26 of 31

Notes to the Financial Statements

9. Creditors
2020 2019
£ £
Amounts falling due within one year:
Accounts payable 602 1,468
Accruals 10,776 8,223
Deferred income (note 10) 4,150 150
Payroll due to staff 34 -
PAYE payable 6,835 8,032
Pensions payable 1,565 1,848
───── ─────
23,962 19,721
═════ ═════
10. Deferred income
2020 2019
£ £
Opening balance 150 12,561
Deferred income received in the year 9150 1,864
Amounts released (5,150) (14,275)
───── ─────
Balance carried forward 4,150 150
═════ ═════

Deferred income is funding received in advance for specific events.

Page 27 of 31

Notes to the Financial Statements

11. Funds of the charity

Restricted
Student workshops
- Lewisham
- North East hub
- Interserve
- Hammersmith &
Fulham
- Westminster
- South Westminster
- North West hub
Charles Lewis
Foundation
T.K. Maxx and
Homesense Foundation
Government Equalities
Office
Westminster
Foundation
London Community
Response Fund
Born to be Proud
Total restricted
Unrestricted
General funds
Fixed assets
Total unrestricted
Total funds		 At 1
September
2019
£
1,500
22,693
2,175
1,000
-
1,193
-
1,400
1,897
33,145
-
-
-
65,003
190,583
830
191,413
256,416		 Income
£
-
-
-
-
-
-
17,945
-
-
30,026
9,950
29,945
18,500
106,366
321,350
-
321,350
427,716		 Expenditure
£
(1,500)
(14,198)
-
-
(1,718)
-
(8,915)
(1,408)
(1,000)
(63,228)
-
(6,203)
-
(98,170)
(318,388)
(1,670)
(320,058)
(418,228)		 Transfers
£
-
-
(2,175)
-
-
-
-
8
-
57
-
-
-
(2,110)
(1,724)
3,834
2,110
-		 At 31
August
2020
£
-
8,495
-
1,000
(1,718)
1,193
9,030
-
897
-
9,950
23,742
18,500
71,089
191,820
2,995
194,815
265,904

Restricted funds: are created from funds received in the form of grants and sponsorship for the delivery of services to specific geographical areas or for specific projects.

Unrestricted funds: the net book value of the fixed assets has been designated as it does not form part of the free reserves of the charity.

Page 28 of 31

Notes to the Financial Statements

11. Funds of the charity (continued)

Restricted
Student workshops
- Lewisham
- North East hub
- Interserve
- Hammersmith &
Fulham
- Peer-led
workshops
- Ealing
- Westminster
- South Westminster
Charles Lewis
Foundation
T.K. Maxx and
Homesense Foundation
Government Equalities
Office
Total restricted
Unrestricted
General funds
Fixed assets
Total unrestricted
Total funds		 At 1
September
2018
£
3,000
-
2,175
-
3,500
7,480
-
4,397
-
-
-
20,552
165,972
1,277
167,249
187,801		 Income
£
-
26,308
-
1,000
-
-
1,718
-
1,400
5,000
99,978
135,404
323,712
-
323,712
459,116		 Expenditure
£
(1,500)
(3,615)
-
-
(3,500)
(7,273)
(1,718)
(3,204)
-
(3,103)
(66,833)
(90,746)
(298,827)
(928)
(299,755)
(390,501)		 Transfers
£
-
-
-
-
-
(207)
-
-
-
-
-
(207)
(274)
481
207
-		 At 31
August
2019
£
1,500
22,693
2,175
1,000
-
-
-
1,193
1,400
1,897
33,145
65,003
190,583
830
191,413
256,416

Restricted funds: are created from funds received in the form of grants and sponsorship for the delivery of services to specific geographical areas or for specific projects.

Unrestricted funds: the net book value of the fixed assets has been designated as it does not form part of the free reserves of the charity.

Page 29 of 31

Notes to the Financial Statements

12. Other financial commitments

At 31 August 2020, the charity had outstanding commitments in relation to land and buildings for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2020 2019
£ £
Within one year 14,841 18,000
Between 2 and 5 years - 13,500
In over 5 years - -
═════ ═════

13. Related party transactions

The charity did not receive any donations from related parties that require disclosure (2019: none). The aggregate amount of all donations received from related parties was £5,056 (2019: £5,056).

Emma Miller-McCaffrey, the wife of Ann Miller-McCaffrey, has been employed by the charity as Community Engagement Manager since 26 February 2018. For this she received total remuneration of £31,592 in the current year, inclusive of salary, employer’s national insurance and pension contributions (2019: £31,202).

14. Trustee remuneration

No Trustees during the year were reimbursed for travel expenses relating to the charity (2019: none).

No other Trustee, nor any person connected with them, has received, or is due to receive, any remuneration for the year, nor obtained any financial benefit, directly or indirectly from the charity’s funds.

15. Company limited by guarantee

Every member of the company has undertaken to pay such an amount as may be required, not exceeding £10, towards the charitable company’s assets on a winding up.

Page 30 of 31

Notes to the Financial Statements

16. Comparative information

16. Comparative information
Unrestricted Restricted
Funds Funds 2019
£ £ £
Income from:
Donations and legacies 221,542 135,404 356,946
Charitable activities
- Contributions from schools 76,969 - 76,969
Other trading activities 25,201 - 25,201
───── ───── ─────
Total income 323,712 135,404 459,116
Expenditure on:
Raising funds 41,082 - 41,082
Charitable activities 258,673 90,746 349,419
───── ───── ─────
Total expenditure 299,755 90,746 390,501
───── ───── ─────
Net income/(expenditure) 23,957 44,658 68,615
Transfer between funds 207 (207) -
Funds brought forward 167,249 20,552 187,801
───── ───── ─────
Fund balances carried forward 191,413 65,003 256,416
═════ ═════ ═════
17. Analysis of net assets between funds
Fixed Current Current Net
assets assets liabilities assets
2020 £ £ £ £
Unrestricted funds - 215,782 (23,962) 191,820
Designated funds 2,995 - - 2,995
Restricted funds - 71,089 - 71,089
────── ───── ───── ─────
At 31 August 2020 2,995 286,871 (23,962) 265,904
══════ ═════ ═════ ═════

Page 31 of 31

Notes to the Financial Statements

17. Analysis of net assets between funds (continued)

Comparative information for the analysis of net assets between funds is as follows:

Fixed Current Current Net
assets assets liabilities assets
2019 £ £ £ £
Unrestricted funds - 210,304 (19,721) 190,583
Designated funds 830 - - 830
Restricted funds - 65,003 - 65,003
────── ───── ───── ─────
At 31 August 2019 830 275,307 (19,721) 256,416
══════ ═════ ═════ ═════