GODWIN LAWSON FOUNDATION
Registered Charity
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31[ST] MARCH 2022
Charity number: 1149989
GODWIN LAWSON FOUNDATION YEAR ENDED 31[ST] MARCH 2022
Registered Charity Number: 1149989
Principal address:
639 Enterprise Centre High Road London N17 8AA
Trustees:
Richard Allcock - Chair Michael John Griffiths Richard Taylor Professor David Mcllhatton Margaret Thorli
Governing document:
The charity is operated under the rules of its Constitution.
Bankers:
Lloyds TSB Foundation PO Box 1000 BX1 1LT
Independent Examiner and Accountant:
TACTS Accountant Chartered Certified Accountant 61 Fountains Crescent London, N14 6BD
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GODWIN LAWSON FOUNDATION YEAR ENDED 31[ST] MARCH 2022
FINANCIAL ACCOUNTS
CONTENTS
Pages
4-6. Trustees Report
7. Independent Examiners Report
8. Statement of Financial Activities
9. Balance Sheet
10-13. Notes to the Accounts
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GODWIN LAWSON FOUNDATION Report of the Trustees For the year ended 31 March 2022
Godwin Lawson Foundation (GLF) trustees are pleased to present their annual report and independently examined financial statements for the year ended 31st March 2022.
The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Governance, Structure and Management
Godwin Lawson Foundation was registered as a charity on 30[th] November 2012. The charity is governed by its Constitution. The trustees are appointed or reappointed annually at the Annual General Meeting. Appointment and retirement of trustees is in accordance with the Articles of Association. The trustees give their time voluntarily and received no benefits from the charity.
The overall management of finance is the responsibility of all the Trustees acting on the recommendations of the Chairperson, the Treasurer and the senior staff. The Trustees form the Management Committee who meets regularly to oversee the running of the organisation.
Background
Godwin Lawson Foundation (GLF) is a highly impacted community-based organisation in Haringey, London where we have been working for 9 years. We are well established and serve the deprived ward and disadvantaged Children & Young people and families of Haringey and Enfield.
Charitable Objects:
The organisation main charitable objects are to: -
To advance the education of young people in social issues and cultural diversity in particular but not exclusively through leisure time activities so that they can develop their capabilities and grow into tolerant, fully matures individual members of society with a respect for the uniqueness of others.
Activities
Deliver Godwin Lawson Foundation annual leadership programme to develop the life skills of youths aged 11- 19 and their families in the Enfield/Tottenham area of North London to restore hope, optimism and their self-esteem. Organise GLF memorial football tournament to provide opportunities to participants to challenge and explore the issue of territoriality and its impact on young people.
The charity provides advocacy, information and advice services. This year we were funded by Bridge renewal Trust, Mayors Fund, MOPAC London Community Fund and Groundwork to tackle knife crime issues, raising awareness and developing toolkit. Training and workshops were delivered through our online platform thanks to the from Groundwork grant. Bridge Renewal Trust support for our parents’ peer to peer and parental forums has been very helpful in addressing issues, support for each other and sharing experiences.
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Future Plans
The organisation is on target to achieve all outcomes and will continue to deliver on its planned objects. The organisation will continue to fundraise to support its increasing demand for its services to the community.
We are actively recruiting trustees and volunteers to strengthen our management and administration
Risk management
The trustees have a risk management strategy which comprises:
● an annual review of the principal risks and uncertainties that the charity undertakes.
● the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
● the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The Trustees constantly review risks relevant to the charity. Any risks identified are reported to the Trustees and decisions made on how to minimise risk.
In reviewing the effect of COVID-19 Pandemic, GLF has reviewed its risk assessment and taken actions in mitigating any associated risks and amend accordingly. The charity’s resilience was responsive and strong which ensured organisational sustainability during this exceptional time.
Financial Review
GLF’s funding sources are both from restricted and unrestricted sources. This year we were successful in bringing in £48,592 from various funders. Our free reserves have increased to £37,639 this year.
Reserve’s policy and Going Concern
Godwin Lawson Foundation (GLF) is committed to maintaining a level of reserves that is sufficient to meet ongoing liabilities and all service delivery commitments, as well as ensuring the long-term future of the charity. GLF adopts a reserves policy that seeks to balance these priorities by holding a level of reserves sufficient to: Ensure the availability of sufficient working funds, provide a buffer in case of unexpected loss of income to ensure that services can be maintained and provide sufficient funds to allow the organisation to wind up while meeting its obligation to staff and service users should the organisation be forced to close.
The Board has approved a policy whereby the unrestricted funds not committed, should be held in reserve and maintained at a level which ensures that GLF’s core activity could continue during a period of unforeseen difficulty. The target reserve amount represents at least 6 months’ (26 weeks) expenditure and will be reviewed annually.
Our volunteers
GLF is very involved in the community and relies on voluntary help. Around 2 volunteers assisted with our on-going activities. We wish to thank our volunteers for their loyal support and contribution.
Independent Examiner
TACTS Accountant was appointed as the charity’s independent examiner during the year and has expressed their willingness to continue in that capacity.
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Statement Trustees Responsibilities
Charity trustees are the people who serve on the governing body of a charity. They may be known as trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases.
Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company.
Signed on behalf of the board,
Margaret Thorli (Trustee)
Date: 29/07/2022
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Independent examiner’s report to the trustees of Godwin Lawson Foundation
I report on the accounts of the Trust for the year ended 31[st] March 2022, which are set out on pages 8 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission
-
under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting
-
requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 29/07/2022
Chartered Certified Accountant
TACTS Limited, 61 Fountains Crescent, London, N14 6BD
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GODWIN LAWSON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR END 31 MARCH 2022
| INCOMING RESOURCES:- Incoming resources from generated funds: Voluntary income Incoming resources from charitable activities Grants to provide charitable activities TOTAL INCOMING RESOURCES RESOUCES EXPENDED Expenditure on charitable activities TOTAL RESOUCES EXPENDED Net Incomings and (outgoings) resources Balances Brought Forward Balances Carried Forward |
Notes (14) (15) (17) |
Unrestricted Funds £ 9,945 - 9,945 - - |
Unrestricted Funds £ 9,945 - 9,945 - - |
Restricted Funds £ - 38,647 38,647 87,782 87,782 |
Restricted Funds £ - 38,647 38,647 87,782 87,782 |
Total Funds 2022 £ 9,945 38,647 |
Total Funds 2021 £ 12,003 92,842 |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| 48,592 104,845 |
||||||||||
| 87,782 100,018 |
||||||||||
| 87,782 100,018 |
||||||||||
| 9,945 | (49,136) | (39,191) 4,827 |
||||||||
| 27,694 | 49,613 | |||||||||
| 77,307 72,480 |
||||||||||
| 37,639 | 478 | 38,117 77,307 |
There were no recognised gains or losses for the above period other than those shown in the statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities.
(The notes attached form part of these financial statements)
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GODWIN LAWSON FOUNDATION
| BALANCE SHEET AS AT 31 | MARCH 2022 | MARCH 2022 | |||||
|---|---|---|---|---|---|---|---|
| Fixed Assets Tangible assets Current Assets: Cash at Bank and In Hand Current Liabilities: Creditors: Amount falling due within one year: Accruals & Creditors Net Current Assets Net Assets As Represented By Unrestricted Fund Restricted Fund Total Funds |
Notes (6) (12) (13) |
£ 2022 793 37,949 625 37,324 38,117 37,639 478 38,117 |
£ 2021 1,586 84,346 8,625 |
||||
| 75,721 | |||||||
| **77,307 ** | |||||||
| 27,694 49,613 |
|||||||
| **77,307 ** |
(The notes form part of this account)
The accounts were approved by the Trustees on 29/07/2022 and signed on their behalf by:
--------------------------------------------Margaret Thorli (Trustee)
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GODWIN LAWSON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022
1. Accounting basis.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). GLF meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
b) Preparation of the accounts on a going concern basis
The Charity trustees are of the view that measures taken subsequent to the year-end to reduce operating costs and successful in applying for continuation funding have secured the immediate future of the Charity for the next 12 to 18 months and that on this basis the charity is a going concern.
2. Cash Flow Statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
3. Income
Income is recognised in the period to which it relates, unless specified otherwise by the funder. Project funding is, in general, repayable if not expended within the relevant project. Such income is only recognised to the extent that it ceases to be repayable. The income is accounted for on a receivable basis.
4. Resource Expended
Resources expended are included in the Statement of Financial Activities inclusive of VAT which cannot be recovered. Direct charitable expenditure include includes the direct costs of the activities. Where such costs relate to more than one functional cost category, they have been apportioned in line with the direct costs of the relevant service.
5. Taxation
GLF is a registered charity and is not liable for corporation tax on its income under section 505 of the Income and Corporation Taxes Act 1988 to the extent that it is applied to its charitable activities.
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6. Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided to write off the cost, of all fixed assets over their expected useful life as follows: -
Equipment - 33.33% straight-line basis
| At Cost Depreciation: At 1 April 2021 Charge for the year At 31st March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Equipment £ 2,379 793 793 |
|---|---|
| 1,586 | |
| 793 | |
| 1,586 |
7. Staff Costs
The organisation does not have staff on payroll for this year.
Trustees are not remunerated to stand for their position on the committee board.
8. Status
Godwin Lawson Foundation is a registered charity.
9. Fund Accounting
Fund accounting unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work.
10. Support Cost
Allocation of support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, and governance costs which support the Charity activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 16.
11. Debtors
The organisation has no debtors in this financial year.
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12. Accrual and Creditors
| 2. Accrual and Creditors | ||
|---|---|---|
| Professional fees Other Creditors |
2022 £ 625 - 625 |
2021 £ 625 8,000 |
| 8,625 |
13. Analysis of Restricted Fund
| Bridge Renewal Trust Groundwork MOPAC (London Community) Fund Total Restricted Fund Balance Carried Forward |
Restricted balance @ 31st March 2022, £ 478 - - 478 |
Restricted balance @ 31st March 2021, £ 38,508 9,463 1,642 |
|---|---|---|
| 49,613 |
14. Grant Receivable
| Funder Project Mayors Fund Tackling Knife Crime Awareness & Toolkit MOPAC (London Community) Tackling Knife Crime, school project Bridge Renewal Trust Parent's peer to peer & parental forums Groundwork On-Line training for young people |
2022 £ 1,300 - 35,835 1,512 38,647 |
2021 £ 5,000 24,869 34,250 28,723 |
|---|---|---|
| 92,842 |
15. Expenditure on Charitable Activities
| Charitable Expenses Programme Management & Facilitation Project activities and collaboration Mentoring & Moderator Training Project Administration & Accountancy Office & general running Expenses IT Support and Expense Rentals Insurance Media Depreciation Professional fees Volunteer Expenses and Travel TOTAL RESOURCES EXPENDED |
Unrestricted Funds - - - - - - - - - - - - - - |
Restricted Funds 55,730 8,192 4,476 2,395 6,844 472 3,013 3,735 1,089 - 793 625 418 87,782 |
Total Total Funds Funds 2022 2021 55,730 66,076 8,192 12,482 4,476 4,328 2,395 1,045 6,844 6,813 472 761 3,013 1,063 3,735 2,474 1,089 173 - 2,325 793 793 625 841 418 844 |
|
|---|---|---|---|---|
| 87,782 100,018 |
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16. Governance and Support cost
| 6. Governance and Support cost | |
|---|---|
| Professional fees Insurance Office & General Running Expenses IT Support and Expense Depreciation |
General Support Governance Total £ £ £ - 625 625 - 1,089 1,089 379 93 472 3,013 - 3,013 793 - 793 |
| 4,185 1,807 **5,992 ** |
17. Movement In Funds
| 17. Movement In Funds | ||
|---|---|---|
| At 1st April 2021 Surplus/(Deficit) for the year Transfers between funds At 31st March 2022 |
Unrestricted funds reserve £ 27,694 9,945 - 37,639 |
Restricted funds reserve Total £ £ 49,613 77,307 (49,136) (39,191) - - |
| 478 38,117 |
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