2023-08-31-accounts

Preface
Report ofthe Directors
Objectives and activities
Achievements and performance
Financial review
Structure, governance		and management
Reference and administrative			details	10
Statement ofTrustees'		and	Directors' responsibilities
Report ofthe Independent		Examiner		13
Financial Statements
Statement of Financia	I	Activities
Balance Sheet				15
Cash Flow Statement				16
Notes to the Financial		Statements		17

for the year end	ed	31August	2023
				Unrestricted	Restricted
			Notes	Funds	Funds	2023f	2022
income from:
Donations	and legacies		3	379,998	420,355	800,353	448,872
Charitable	activities
-Contributions		from
schools				68,685		68,685	61,l15
Other trading		activities		3,200		3,200	3,659
Total income				451,883	420,355	872,238	513,646
Expenditure on:
Raising funds				102,772		102,772	55,832
Charitable activities				236,434	408,667	645,100	475,711
Total expenditure				339,206	408,667	747,872	531,543
Net income/(expenditure)				112,677	11,689	124,366	(17,897)
Transfer between	funds			(319)	319
Funds brought forward				240,762	32,907	273,669	291,566
Fund balances carried
forward				353,120	44,915	398,035	273,669

s at 31Avgvst 2023
				2023	2022
				f.
Net cash generated from operating			activities (see be!ow)	390,583	(175,752)
Cash flow from investing	activities
Purchase oftangible fixed	assets				(4,227)
(Decrease)/Increase in cash		in the	year	390,583	(179,979)
Cash brought forward				166,488	346,467
Cash carried forward				557,072	166,488
Analysis ofcash
Cash at bank				557,072	166,488
				2023	2022
Reconciliation ofnet income		to net	cash flow
from operating activities
Operating surplus on ordinary		activities		124,366	(17,897)
Adjustments for non-cash	items:
Depreciation				'I,813	3, I72
(Increase)/Decrease		in debtors		(46,126)	(125,566)
Increase/(Decrease)		in creditors		310,530	(35,461)
Net cash generated from operating			activities	390,583	(175,752)

	Unrestricted	Restricted
	Funds	Funds	2023	2022
Grants	34,738	420,355	455,094	275,641
Donations	243,967		243,967	159,451
Major DRM events	87,513		87,513
Gifts in kind	13,780		13,780	13,780
	379,998	420,355	800,353	448,872

Direct costs
		Raising	Charitable
		Funds	Activities	2023	2022
			E	E	f.
Staff costs		52,730	427,986	480,716	407,081
Advertising and marketing		25,757		25,757	2,317
Other fundraising costs		15,I21		15,12'I	12,466
Miscellaneous costs			64	64	373
Miscellaneous staff costs			792	792	3,153
Monitoring and evaluation			3,780	3,780	3,780
Corporate delivery			16,200	16,200
Recruitment			3,059	3,059	2,859
Schools delivery
-Advertising 8 marketing			35,507	35,507	12,030
-Facilitators					720
-Travel Lsubsistence			6,924	6,924	4,201
-Other delivery costs					4,613
Staff training			8,055	8,055	10,641
Travel 8 subsistence	(non-		25,059	25,059	13,393
delivery)
Volunteer expenses (non-			2,677	2,677	130
delivery)
Web services			10,000	10,000	10,000
		84,515	600,251	684,766	487,757
Support costs

pport costs
				Raising	Charitable	Total	Total
				Funds	Activities	2023f	2022
Accountancy				663	3,756	4,419	'I,135
Insurance				186	1,055	1,241	1,195
Legal and consulting			costs	486	2,754	3,240
ITcosts				2,127	12,053	14,180	5,054
Office, stationery		8	postage	836	4,737	5,573	5,402
Rent				3,726	21,111	24,837	21,552
Subscriptions				352	1,997	2,359	1,255
Telephone				548	3,106	3,654	3,263
Governance	costs:
- Independent	Examination			270	1,530	1,800	1,758
				9,194	52,099	61,293	43,786

t income/(expenditure)
									2023	2022
										f
The net income/(expenditure)				for the year			is stated
after charging:
Depreciation oftangible		fixed		assets					1,8 I3	3,172
Independent examination			(Myrus		Smith Chartered				1,800	1,758
Accountants)
aff costs and emoluments
									2023	2022
Wages and salaries									428,453	36'i,245
National insurance									36,291	3'f,467
Pension costs									15,973	14,369
									480,716	407,081
									2023	2022
									Headcount	Headcount
The average number of		staff		employed		by	the
charity during the year									12.4	12.1
e employee received	employee				benefits		(excluding		employer pension	costs) in th
nge of280,000 - f90,000			(2022:one in			the	range	of270,000 - f80,000).
tal remuneration of key		management				personnel		in the	year was as follows:
									2023	2022
Aggregate compensation									87,585	74,097

Tangible assets
		Computer	Office	Total
		equipment	equipment
Cost
As at 1 September	2022	21,948	2,187	24,135
Additions
As at 3 l August 2023		21,948	2,187	24,135
Accumulated depreciation
As at 1 September Charge forthe	2022 year	18,768 1,684	2,058 129	20,826 1,813
As at 31 August 2023		20,452	2,187	22,639
Net book value
As at 31 August 2023		1,496		1,496
As at 1 September	2022	3,180	129	3,309
All fixed assets are	used for charitable	purposes.
Debtors
			2023	2022
Accounts receivable			112,210	64,813
Other debtors			3,000	3,000
Prepayrnents and	accrued income		68,797	7O,O69
			184,007	137,882
Creditors
			2023	2022
Amounts falling due within one year:
Accounts payable			58,050	5,282
Accruals			'i7,856	9,899
Deferred income	(note 10)		251,917	3,630
Payroll due to staff			34	34
PAYE payable			9,827	12,441
Pensions payable			6,856	2,724
			344,540	34,010

eferred i	ncome
			2023	2022
Opening	balance		3,630	50,00G
Deferred	income received	in the year	251,917	3,630
Amounts	released		(3,630)	(50,000)
Ba!ance	carried forward		251,917	3,630

		At 1				At 31
		September				August
		2022f	Income	Expenditure	Transfers	2023
Restricted
Student workshops
—North East hub			13,000	(13,319)	319
—Marnmersrnith	&
Fulham
-Westminster		175				175
—South Westminster
—North West hub
Department for Education			247,355	(247,355)
Aviva				( i52)		(152)
PA Foundation			30,000			30,000
Lego		22,771	125,000	(147,771)
T.K. Maxx and
Homesense
Foundation
Reed Smith LLP			5,000			5,000
Westminster Foundation		9,511		{69)		9,442
London Community Response Fund		450				450
Born to be Proud
Total restricted		32,907	420,355	(408,667)		44,915
Unrestricted
General funds		237,453	451,883	(337,393)	(319)	351,624
Designated funds:
Fixed assets		3,309		1,813		1,496
Total unrestricted		240„762	451,883	(339,206)	{319)	353,120
Total funds		273,669	872,238	(747,872)		398,035

		At 1				At 31
		September				August
		2021	Income	Expenditure	Transfers	2022
Restricted
Student workshops
- North East hub		26,000		(26,337)	337
- Hammersmith Fulham	&	1,000		(1,000)
—Westminster			175			175
-SouthWestminster
-North West hub
Department for Education			220,466	(220,466)
Lego		15,000	25,000	(17,229)		22,771
LGBT Futures Fund
T,K. Maxx and
Homesense			20,000	(20,000)
Foundation
M&G Community	Fund	1,600		(1,600)
Westminster Foundation		8,288	10,000	(8,777)		9,511
London Community Response Fund				450
Born to be Proud		6,180		6,180
Total restricted		58,068	275,641	(301,139)	337	32,907
Unrestricted
General funds		231,244	238,005	(227,232)	(4,564)	237,453
Designated funds;
Fixed assets		2,254		3,172	4,227	3,309
Total unrestricted		233,498	238,005	(230,404)	(337)	240,762
Total funds		291,566	513,646	(531,543)		273,669

. Comparative information
	Unrestricted	Restricted
	Funds f	Funds
Income from:
Donations and legacies	193,231	255,641	448,872
Charitable activities
- Contributions from schools	61,115		61,115
Other trading activities	3,659		3,659
Total income	258,004	255,641	513,646
Expenditure on:
Raising funds	55,832		55,832
Charitable activities	194,572	289,139	475,710
Total expenditure	250,404	289,139	531,542
Net income/(expenditure)	7,601	(25,498)	(17,897)
Transfer between funds	(337)	337
Funds brought forward	233,498	58,068	291,566
Fund balances carried forward	240,762	32,907	273,669

Analysis	ofnet assets betwe	en funds
		Fixed	Current	Current	Net
2023		assetsf	assetsf	liabilitiesf	assetsf
Unrestricted	funds		696,164	(344,540)	35'l,624
Designated	funds	1,496			1,496
Restricted	funds		44,915		44,915
At 31 August 2023		1,496	741,079	(344,540)	398,035

Compara	tive information fo	r the analysis of net a	ssets betwee	n funds is as	follows;
		Fixed	Current	Current	Net
2022		assetsf	assetsf	liabilities	assetsf
Unrestricted	funds		271,463	(34,010)	237,453
Designated	funds	3,309			3,309
Restricted	funds		32,907		32,907
At 3 l August 2021		3,309	304,370	(34,010)	273,669