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|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|
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|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|
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|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)|
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||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|||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|
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|.
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|
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|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|