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2023-01-31-accounts

Company no. 07923708 Charity no. 1150650

Carney's Community Report and Unaudited Financial Statements

31 January 2023

Carney's Community

Contents

For The Year Ended 31 January 2023
Page
Reference and administrative details 1
Report of the trustees' 2
Independent examiner's report 25
Statement of financial activities 26
Balance sheet 27
Statement of cash flows 29
Notes to the financial statements 30

Carney's Community

Reference and administrative details

For the year ended 31 January 2023
Company number 07923708
Charity number 1150650
Registered office and 30 Petworth Street
operational address Battersea
London
SW11 4QW
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Cyle Carth resigned 24 November 2022
Shnay Chohan
Lucy Davidson resigned 24 November 2022
Paul Delaney
Thomas Fitzgerald
Charles Gibson Chair
Gregory Jones
Charles Sackey
Rebecca Smith
Craig Thorley resigned 24 November 2022
Company secretary Thomas Fitzgerald
Senior Management George Turner - Chief Executive
Team Alice Milton-Doyle - Chief Operating resigned 18 April 2023
Officer
Mark Reigate - Head Coach
Alice Jhugroo - Centre Manager
Trung Chu – Lead Coach
Rory Bradshaw - Lead Youth Worker resigned 1 May 2022
Lizzie Takyi-Akyaa - Lead Youth appointed 12 April 2022
Worker
Bankers The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

Contents

Introductions Page
Aims and objectives 3
Mission statement and values 3
Our strategic priorities 4
Public benefit 4
Our work in 2023 5
Achieving our goals: Goal 1 6
Achieving our goals: Goal 2 12
Achieving our goals: Goal 3 14
Achieving our goals: Goal 4 15
Carney’s Community Centre 15
Finances and funding 16
Financial review 17
HR 17
Statistics for the year 18
Feedback 21
Looking ahead 22
Structure, governance and management 22

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

The trustees present their report along with the financial statements of the charity for the year ended 31 January 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Introduction

Carney’s Community is a registered charity (No 1150650). The idea of Carney’s Community occurred through Mick Carney (MBE)’s vision to create a project that used George Turner’s skills of youth work and mentoring and Mark Reigate’s skills as a boxing coach, to engage young people using boxing training as the point of engagement to support them into becoming “the best they can be” in all areas of life.

Aims and objectives

Carney’s Community’s objectives are the following:

Carney’s Community has a vision that:

"Every young person in Battersea and surrounding areas has equal opportunities to reach their full potential in life".

Mission statement:

“Carney’s Community aims to reduce offending, re-offending and anti-social behaviour, whilst improving social mobility and community cohesion. We achieve this by engaging a range of participants in positive and constructive activities, with a focus on mentoring and boxing. These participants are from a variety of backgrounds, with a focus on the disadvantaged and excluded. We believe that by empowering young people through mentoring, participation, focusing on their strengths and learning from each other, we can improve not only their opportunities, but also those of their local communities.”

Values:

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

Our strategic priorities:

Everything that we do aims to improve the life of those from the most disadvantaged background, whilst creating a safe and positive community where everyone is included. We work through four strategic priorities to achieve this goal:

Goal 1: Maintain and build on the activities to support vulnerable children and young people

Goal 2: Develop a professional and approachable style in our pipeline of staff and volunteers

Goal 3: Advocate on behalf of the needs of our participants and share the Carney's approach with others

Goal 4: Advance the systems supporting this work, including finance, funding and our building

There is some natural overlap between each of our strategic priorities, with the activity in each area complementing the other areas of work. For example relationships and influence work starts with engagement and activities and can involve/lead to employability and employment. This means that, in practice, a lot of the work we do spans more than one strategic priority with some driving us towards our goals in two or more priority areas. For this reason, our financial statements look at Carney’s Community’s expenditure as a whole, not broken down by strategic priority.

Public benefit

Our main activities and those we try to help are described below. All our charitable activities focus on supporting the most disadvantaged young people, and are undertaken to further our charitable purposes for the public benefit.

Our objects mean our target group is those living in the Wandsworth and Lambeth area, who are aged between 11-30 years old. However, we also open up some our services to those who do not fall in that age bracket or in our target area. The reason being that we are trying to widen the social network of our participants and do not want to put barriers in the way of the benefit we can offer.

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

We currently use a database called VIEWS (created by substance) to track all of the boxing fitness sessions and some of the one to one mentoring that we do. The database is set up to measure attendance but is not ideal for recording specific one to one work, where it can be quite time consuming. So we made the decision to only record some of the mentoring (those sessions that are funded by organisations that need the data fed back to them at the end of the grant), so the recording process is not seen as a barrier by our volunteers and their valuable time is not taken away from the actual work we are delivering.

How we work

We are very much a needs led charity, that listens to the community we serve, in order to deliver our programmes. Our staff team is predominantly ex-participants and those with lived experience, alongside others with professional experience, who have all demonstrated a passion to “give back”. We have an ethos of providing long term, consistent, unconditional support with empathy and the ambition to act as any good family would act.

Our work in 2022-23 Summary

This year was a challenging one, we started off with Covid restrictions in place and had to quickly adapt to the “new normal” once the restrictions were lifted. Added to this we unexpectedly lost a key member of staff, which of course had an impact. However, we were pleased to see our numbers of engagement quickly return to pre-pandemic standards, with participants returning to the sessions and new participants being referred.

Our core group activities of boxing and youth club worked very well with staff managing behaviour and finding creative ways to keep participants engaged. We also managed to do some great key work, helping some of those most in need. However, the work and conversations with the community also highlighted an increase in issues such as housing, appropriate education provision (particularly for those with Special Educational Needs), exploitation and offending.

Having said that we saw some real progression with participants in boxing (competitively and getting sports qualifications), engagement, education and employment (including direct employment and education in our own social enterprises). This was not only down to the commitment and tenacity of both staff and participants, but also our work with partners, such as Battersea Alliance, Wandsworth Council, schools and Youth Battersea.

We also worked on everything that happens “behind the scenes”. Whilst our facilities continue to throw up challenges, it was well manged by our facilities manager (the only time it was closed was the 2 week period over Christmas when the floor was being replaced). We saw an improvement in our processes around HR and financial management, meaning we could focus more time on the participants.

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

Goal 1: Maintain and build on the activities to support vulnerable children and young people Mentoring (one to one) Key work

Our Personal Development Programme takes the most at risk young people and offers them intensive coaching and mentoring through key work. This is offered on the basis that the participant is willing to accept the support and push themselves out of their comfort zone by taking on new challenges.

Carney’s Community’s cycle of change

A lot of our work is based around the cycle of change theory.

All young people referred on would generally have the universal boxing session or youth club as their start point Stage 1 . During this time we will try and help them move from pre-contemplation (that they do not want to change their behaviour) to contemplation (that they can do much better for themselves) Stage 2 . However, they will often go to contemplation due to some external factor (e.g. being shot, stabbed, friend murdered, being arrested, had a child etc).

Participants can also be referred onto key work if they are already in the criminal justice system and are willing to engage (even if still at contemplation Stage 1).

When both the staff and young people feel they are ready, they can then move onto the personal development program Stage 3 . They will then work on their own personal development program Stage 4 .

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Report of the trustees

For the year ended 31 January 2023

Our consistent and unconditional support will then keep in contact with these young people. We will make use of their skills in our various programmes, and/or will refer them onto further opportunities such as education training and employment Stage 5 .

It is highly possible that these young people will have to go through the first four stages a number of times and may have to be taken off the personal development program Stage 6 . However, when these relapses occur, we continue to work with them in our universal sessions, until they are ready to start over again and sign back up to a new personal development program.

Unfortunately 2022 saw a period of instability, with regards to our key work. We lost our lead Youth Worker (who also led on key work) and so decided to re-structure and take on both a lead Youth Worker and lead Key Worker. Unfortunately the lead Key Worker we employed did not work out and he left in October. Consequently we have had several periods without a lead Key Worker, so the CEO has stepped in to cover. Although there were other demands on his time around recruitment and managing the current staff. Having said this, we have still seen some successes:

We had 5 key worked participants apply to Make My Mark and win £3,000 each, to:

Other successes include:

With a lack of key work staff, we took this opportunity to review the challenges our participants were facing and our key work process. We found that the key issues that needed to be addressed were:

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

In order to give a truly holistic service and ensure we continue targeting those most in need, George met with partners such as the local authority, health, education etc and now attends the Youth Integrated Offender Management (YIOM) and Multi Agency Risk Vulnerability and Exploitation meetings, as well as receiving notes from the Daily Intelligence meetings, which ensures we target those most in need.

Activity based mentoring

The activity based mentoring is where we allocate mentors to those engaging in sessions, that were displaying negative behaviour or needed extra support, but either did not meet the threshold for key work or were not yet at a contemplation stage, where they wish to change their behaviour. This provides some preventative work, by offering some support as soon as we noticed negative behaviour, rather than waiting for them to need the intensive mentoring. It also helps some of the participants get to their contemplation stage (see Carney’s Cycle of Change) quicker, so we could move them onto key work if needed.

Activity based mentoring was tricky at the beginning of the year, as sessions were still under Covid restrictions, with maximum numbers of people allowed in a session, so we chose to reduce mentors, in order to enable more participants to attend. However, this did not completely stop the activity based mentoring, as the coaches were still able to provide some. We were then able to introduce more mentoring staff as restrictions lifted around March, but continually risk assessed this. This meant we were able to deliver mentoring in:

We were able to recognise the benefits of what had been achieved in this mentoring by giving out numerous awards to mentored young people, for achievements in consistency, skill level and attitude within the sessions.

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Youth work

This mainly takes place after the junior boxing sessions on Mondays and Wednesdays and during our bike workshop on a Thursday evening, whereby we allow the juniors to stay at the centre, until 8pm, so they can engage in drop in activities. This gives them somewhere safe to go, where they can engage in positive and constructive activities, surrounded by positive role models. Alongside this we also offer workshops, Fit and Fed sessions, youth work activities, holiday programs and trips.

In April we took on board a new lead youth worker, Lizzie, and together we engaged a wide range of participants, many of whom are young people with issues around low confidence and anxiety who have suffered during the pandemic’s isolating effects.

During the Covid restrictions we delivered outreach, engaging our participants out in the community, until we were allowed to open up the youth club. When we did, we also re-introduced our workshops, dealing with topics such as restorative justice, mental health and relationship with the police.

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

Alongside the regular drop in youth club we also delivered holiday activities, such as Come Dine With Me and gymnasium sessions.

Connected to our youth club was the Fit & Fed sessions, where we provide freshly prepared food at each of these sessions which is a combination of food donated (e.g. by City Harvest) and food we buy. We try to keep it healthy and halal wherever possible. It soon became apparent that the young people were asking for more food to take home, which coincided with adults also approaching us for food. This was due to the emergence of the cost of living crisis and meant we dedicated a larger proportion of unrestricted funds to supporting the community with access to food.

Sports

Universal boxing fitness sessions

Universal evening boxing sessions are open to all Carney’s participants, from different backgrounds and social classes. We try to remove all barriers to engagement, by making them free, inclusive and accessible. They are focused on boxing fitness training which is provided by a qualified ABA coach and their team of “Carney’s Coaches”. The main aim of the Universal program is to engage the participants in positive activity. From there, we can leverage that positivity and explore different options based on the individual. For targeted participants, this is often the beginning stage of their journey of rehabilitation or the “hook” to get their engagement.

We continued to be flexible with how we delivered our boxing sessions, as we needed to comply with the pandemic restrictions, but also needed to provide access to all of our participants. So we made use of Battersea Park and increased the amount of sessions we delivered (making each session slightly shorter). However, when the Covid restrictions were lifted, we reverted back to the standard 11-17 year olds from 5:00-6:30pm and 18+ from 6:30-8:00pm.

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To keep participants engaged and focused we also ran competitions within the sessions, gave out awards on a monthly basis and organised visits from special guests, such as world champion, Lawrence Okolie, British Champion, Denzel Bentley and Hard Hitters (with their punch power game).

Engagement was very good and numbers were high, so our lead coach started directing the more experienced boxers down to Fitzroy Lodge (to free up some spaces), with the aim of getting them to a point were they could compete. The result being that, in November, we hosted the Fitzroy Lodge show, were 5 of our boxers competed and all got a win.

Targeted boxing sessions

Alongside the above programs we offer targeted boxing fitness sessions to specific groups. This allows us to offer paid work and work experience as a boxing tutor to the participants who have proven they have the ability and reliability as well as helping us to engage more young people in positive and constructive activities.

Some of our targeted sessions were delivered to:

We also worked with organisations such as Enable Sports and Leisure, to run sessions at their events, i.e.

Yoga

We have been supported by Live Karma Yoga, who provide free yoga sessions to participants, prisoners and members of the public. Those that can afford to, donate to Carney’s Community and it allows others the opportunity to access something that they could not normally afford. Alongside the free monthly sessions they have also helped run a number of BOYO fundraising events. This is where members of the public pay to do a 2 hour fitness session, using a combination of both boxing and yoga.

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Goal 2: Develop a professional and approachable style in our pipeline of staff and volunteers Participant (possible future staff) employment and education

Employability and employee development is central to the work we do at Carney’s. Education, Training and Employment (ETE) is essential in moving people away from offending and out of poverty.

We continually try and link participants in with local employers, schools, colleges and education providers, whilst also employing some directly ourselves. This year we have supported some participants into employment, but have also supported others in creating their own employment, through setting up as a business or sole trader. The focus here is to offer holistic support and not just look at the business idea of the participant or their targeted career, as we believe that to be successful in business and employment, they need to ensure their foundations are strong and do not have other areas in their life that need to be focused on.

Social enterprises

Carney's Coaches

One way we help educate participants to prepare them for work is through our social enterprise, Carney’s Coaches, where we train up a select group of ex-participants, helping them gain qualifications in areas such as boxing fitness and personal training, which we deliver on an ad hoc basis, as and when people are ready for the training and the funding is available. We then employ them to deliver numerous sessions, targeted at fee paying customers and/or groups, such as schools and businesses that utilise our sessions as team building exercises.

Battersea Bikes

We also deliver basic bike mechanic training, where we teach participants how to fix bikes, in our social enterprise “Battersea Bikes”. Battersea Bikes was developed off the back of a number of successful bike workshops that took place at Carney’s Community Centre during 2018 and the beginning of 2019.

The aim of Battersea Bikes is to now create further opportunities for young people to gain skills, qualifications, experience and expertise in bike mechanics, bike maintenance and running a small business. We even had one participant gain paid work, through Carney’s, by delivering a bike maintenance workshop, as a team building activity for the business O3E, which led to O3E donating another 9 bikes.

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

This year we have directly employed 9 ex-participants (as coaches, mentors etc), who are paid directly by us and have supported 11 others (as PT’s, bike mechanics and influencers) to earn money through using our gym and bike workshop for their own self-employment.

Staff program

For those that move on to work with Carney’s, we aim to prepare them for work away from Carney’s (rather than set them up to fail) so we ensure we collect all the relevant HR paperwork and meet with each person individually to do an induction. This covers key policies including the staff handbook, safeguarding and equal opportunities policies and we talk through the requirements of the code of conduct. This is to help ensure that staff members are clear on behaviour expectations in their roles. We also talk through paperwork requirements and deadlines and make sure that staff are absolutely clear about the expectations for behaviour and the culture we’re looking for at Carney’s.

Some of the other achievements in this area, this year are:

▪Ensuring all staff (including casual) are given regular supervision and appraisals;

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Carney's Community

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Goal 3: Advocate on behalf of the needs of our participants and share the Carney's approach with others

We understand that we must listen to the voices of our participants, in order to understand some of the issues they face and what can help to challenge those issues. We have always been very needs led and that is at the core of our success, so it has always been important to us, to help our participants’ voices to be spread to other organisations, communities and decision makers in both local authority and central government. So we aim to both access and create opportunities for our participants voices to be heard, which includes encouraging those who feel uncomfortable speaking about their experiences and needs. The topics we have covered this year look at racial inequalities, stigmatisation and structural systemic racism; creating more positive images of young people; stigma around ex-offenders and employment, the link between prison and issues such as undiagnosed SEN and BAME communities; and rehab focus.

Connected to this, we also know that the Carney’s approach and ethos works and we have the evidence that proves it. However, central to the success is not just our approach, but the fact we are embedded in our community. Therefore, we do not feel it would be a good use of resources to try and expand our reach into other communities. What we would rather do is to help others learn from our work, by discussing and presenting the process, ethos and evidence.

This year we have done this by:

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Goal 4: Advance the systems supporting this work, including finance, funding and our building

With the uncertainty caused by the global pandemic, combined with the state of the building we are based in, ensuring we have systems in place to manage our finances, funding and ensure the building can remain open, is essential to every part of our work.

Carney’s Community Centre

In July 2014 we were offered the licence to occupy a new facility in Wandsworth, which we have named Carney’s Community Centre.

This meets our objectives by:

However, the building is old and has numerous issues so we have had a plan put in place in order to deal with these issues. Our facilities manager is at the centre of this and created a plan at the beginning of the year. This included both looking at work that needs to be done on the building, but also keeping track of the upkeep needed to keep the building functioning. Areas it has covered is:

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Our plans for the coming year will be to get a survey of the building to allow us to plan for the future. This should avoid us being in a situation where we suddenly have a crisis with the facilities that we do not have the funding to fix.

Finances and funding

As with most charities, finances are core to the delivery of our work. With Carney’s growing so quickly, we needed to bring in more funding but did not necessarily have the financial processes and procedures that we would have liked in order to manage the finances appropriately. So, at the beginning of the year we did a full review of our financial procedures and now have a clear guidance for how to deal with any incoming or outgoing finances.

Throughout the year we have done one-off pieces of work we’re doing to improve the finance management at Carney’s, for example opening a new bank account to allow for dual authorisation of payments, introducing monthly reporting of finances to trustees, and reviewing our accountancy provision.

We have also sought to ensure the board is aware of our current finances and have started providing monthly finance reports, which are sent to trustees, outlining the cash position and larger items of income and expenditure. Alongside this we now provide a more detailed breakdown of both finances and fundraising in each of our quarterly trustee meetings.

The growth in our size and provision has meant we have had to target specific funders for specific projects, and looked at how we can add to these pots with our unrestricted fundraising and self generated income (e.g. income from renting out the building). One thing we intend to research for the coming year is the option of using professional fundraisers.

We also looked at ways of best making use of the income we do have and decided to open a deposit account with the Co-operative Bank, who we hold our current account with, in order to earn some interest on our funds. More recently we opened a COIF Charities Deposit Fund with CCLA Investment Management to take advantage of the current high interest rates.

We would like to thank all of our generous funders, detailed on page 34. Many of these donors support our work year after year and without them we couldn’t do what we do to support disadvantaged young people in London.

Our goals for the coming year, are to continue to rebuild our income levels from social enterprises and community fundraising, and to continue to develop our relationships with grant-making trusts and foundations. In order to achieve this we have recently engaged the services of a fundraiser.

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Carney's Community

Report of the trustees

For the year ended 31 January 2023

Financial review

We remain indebted to the Wand trustees for continuing to afford us the opportunity to occupy this space on a “peppercorn” basis, estimated at £30,000 yearly. We are also thankful for our ongoing relationship with The Power of Boxing as well as other key organisations and funders as detailed in Note 3.

The total income for the year was £535,130, an increase of over 39% on the previous year. Of this, unrestricted income was £374,781 and restricted was £160,349.

Expenditure for the year decreased to £453,501 with continued improvement works on the centre including £36,883 for a new gym floor, which was capitalised.

Expenditure on raising charitable funds stayed much the same at £29,236 and spending on charitable activities decreased by 8% to £424,265.

The free reserves at 31 January 2023 were £304,140 which is an increase of £71,742 on the previous year.

The trustees recognise the need to hold reserves to allow protection of core activities in the event of income shortfalls, to promote balanced, long term, strategic planning and to enable Carney's Community to carry on supporting the most disadvantaged members of our society.

Reserves policy

Carney's Community's reserves policy is that 8-10 months of operating expenditure will be held in free reserves. For the financial year 23-24 this is budgeted as £298,960 to £373,700. This figure is monitored and reviewed by the board of trustees on an annual basis. At 31 January 2023 Carneys Community had total funds of £415,616. Of this £6,003 was restricted, £67,000 designated and £38,473 was fixed assets. Therefore, the total amount of free reserves held is £304,140, which is within the range of the policy.

HR

As with the finances, our HR systems needed improving. We realised that, in order to best develop our staff and reduce the amount of admin time needed to run the charity, it was important to create some clear HR guidelines. Some examples are:

We also reviewed our equality and inclusion processes, to ensure our staff team, managers and board of trustees are representative of the groups we serve. We assessed that, whilst our staff team is diverse and represents our target groups (those with involvement in the criminal justice system, from local estates and who have experienced trauma, along with racial diversity), we need to focus on diversifying our board of trustees.

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Communication was also an area we sought to develop. We wanted to be able to communicate our aims and objectives, how we deliver our work and positive images of the target group we serve. Initially we did this through our social media, ensuring we were posting on Instagram/Twitter feeds at least once a week and on our Instagram stories on an almost daily basis. This saw our followers on Instagram increase to 5,000 followers and our Twitter to 1,700 followers (we chose not to focus on Facebook as our research showed that most participants did not use it). There was a lot of interaction on social media and numerous participants reference seeing posts that led to them attending sessions and to keep them updated with what else was happening at Carney’s.

We also had a new website developed and had staff trained up on how to update it and what is needed for it’s general upkeep, which has also been a huge help with our development.

Stats for Feb 2022 - Jan 2023

Numbers worked with:

Gender breakdown:

Ethnicity breakdown:

Ethnicity Number %
Asian all (British, Bangladeshi, Chinese, Indian, Pakistani,
other)		 28 5.24
Black all (African, British, Caribbean, Other) 195 36.52
Information not obtained (NOBT) 43 8.06
Mixed all (White & Black African, White & Black Caribbean,
any other)		 105 19.66
White, all (British, GTR, Irish, other) 114 21.34
Any other background 49 9.18
Total 534 100.00

Age breakdown:

Age group Number %

10 and under		 41 7.68
11 to 16 208 38.95
17 to 18 76 14.23
19 to 25 104 19.48
26 plus 105 19.66
Not specified 0 0.00
Total 534 100.00

Numbers at risk – 313 of these had identified and admitted (on referral) to having risk factors, related to either offending or some other disadvantaged background.

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All activities No. engaged in No. of
sessions		 No. of contact
hours
Boxing 390 453 555:30
Mentoring & keyworking 272 2,657 4,035:25
Youth club (Chill Out) 200 118 200:30
Battersea Bike sessions 73 43 129:00
Outreach 24 17 53:30
Other youth activities (workshops,
user committee, summer program)		 42 43 80:00
Total 534 (unique attendees) 3,331 5,053:55
Boxing breakdown No. of
sessions		 No. of hours
offered
CCC Monday U18's 53 69:30
CCC Monday O18's 49 65:00
CCC Wednesday U18's 60 79:00
CCC Wednesday O18's 49 77:00
CCC Friday U18’s 48 71:00
Saturday Social Enterprise Session 47 47:00
Tuesday Social Enterprise Session 49 49:00
Thursday Social enterprise 49 49:00
Get Fit Fast 49 49:00
Total boxing sessions run in this period 453 555:30
Youth Club breakdown No. of
sessions		 No. of hours
offered
Monday 54 89:00
Wednesday 61 100:30
Holidays 3 11:00
Total 118 200:30

Mentoring and key work:

Mentoring/key-working & risk factors Mentoring/key-working & risk factors No. %
Mentored/key-worked 272 50.94
Of which have one or more risk factors 180 66.17
Breakdown of risk factors (each participant can have more than 1)
Criminal risk factors 98 36.01
Learning difficulty/disability and/or physical disability 97 35.66
Mentoring/keywork hours breakdown No. of
participan
ts		 No. of
sessions		 No. of hours
How many key worked on a one to one basis 151 1,298 1,602:20
How many engaged in mentoring 177 1,359 2,433:05
How many hours engagement for those key
worked		 151 5,170 6,857:30

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Our participants achieved 753 recorded outcomes in areas such as gaining employment, boxing competitively, accessing education, setting up their own businesses, volunteering and gaining qualifications (this figure relates to both the mentored participants, but also those that engaged in activities, but received no official mentoring from Carney’s);

Outcomes Number
Education &/or training 36
Health & fitness 213
Positive and constructive activities 100
Volunteering 5
Gaining a qualification 23
Paid employment 21
Improved confidence and self-esteem 118
Increased engagement with other services 7
Improved family situation 5
Gained an award 47
Had an amateur boxing fight 5
Housing 1
Learned a new skill 4
Improved communication & engagement 168
Total of recorded outcomes 753

Why do young people come to Carney’s Community?

From our participant questionnaires this year, we learned that:

What do young people get from coming to Carney’s Community?

In the same questionnaires, we learned that:

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“It’s really good, Carney's feels like family.”

“It’s a good place to get fit be more active and sort out any issues u may have and it’s also a place you can go to if u need help.”

“Carneys is a place of refuge.”

Feedback from Professionals

The absolute highlight of this week for me was a visit to Carney's Youth Club. During my visit I met Dante, a truly inspirational young person who talked about his journey through school - the good and the bad - having overcome a number of difficulties, some of which are still present in his life. You can see him in a really inspirational video about Stormzy visiting Carney's. I was struck by Dante’s reflections on his experiences. There are many factors that help us shape who we are and who we become, in his view, it is by far our lived experiences that have the heaviest weight in shaping us and our futures.

My wholehearted thanks to George Turner, who I am completely in awe of, the heartbeat of the Carney’s community. What they provide for young people is simply life changing, both in terms of the long-term unconditional support and the brilliant opportunities like boxing, fitness training and cooking. Carney’s, it's more than a club, it's a place where you want to be, it's a family. Please do visit them and get to know about their amazing work.

Director of Children’s Services, Wandsworth Council. April 2022.

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For the year ended 31 January 2023

Wandsworth Council OFSTED report, Nov 2022

Effective and valued community resource! - including those with disabilities. Safe space and young people described it as being like a family - get realistic advice. Positive impact of Carneys - preventing them from choosing a path less positive.

Feedback from Funders

"Many thanks for an excellent report with really good detail and a comprehensive indication of impact in the outcomes section - it's so compelling to see the collated results next to the qualitative feedback and quotes. It sounds like the whole team has been instrumental in another successful year of delivery - congratulations to everyone at Carney's Community." – Children in Need June 2022.

"Thank you for all the great work that you do 💕💕 "

"My son, E, is benefitting hugely from coming to Carney's - he comes out of each session both energised and worn out! It's been such a help to E, and also to his brother and me. We are so grateful for all that you do, and I'm really pleased your fundraising campaign has exceeded your targets."

"Keep up the great work you guys are doing!! I see real impact in the young people you are supporting!"

Looking ahead

As with previous years we will ensure we involve participants and our community in directing how and what we deliver. Being needs focused is essential, so with demand high, we will continue to run our core activities, whilst trying to build on our key work and any new needs that arise from our participants.

This year has shown us the benefits of joint working and we aim to strengthen partnerships that drive change, in areas such as education and SEN, and which help us provide a more tailored and holistic support package to our participants.

We will enable this continued work by looking at new funding opportunities, possibly via a professional fundraiser, and also targeting corporate funding.

Structure, governance and management

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 25 January, 2012 and registered as a charity on 31 January 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

22

Carney's Community

Report of the trustees

For the year ended 31 January 2023

Recruitment and appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All member of the Management Committee give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in note 7 to the accounts.

Organisational structure

Carney’s Community has a Management Committee of 7 members who meet on a quarterly basis and are responsible for the strategic direction and policy of the charity. At present the Committee has 7 members from a variety of professional backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Chief Executive.

Staff Team

George Turner – CEO Youseff Roddie Cole - Boxing Coach Mark Reigate – Head Boxing Coach Nabil Hammia - Boxing Coach Alice Jhugroo – Buildings Manager Ibrahim Idris – Boxing Coach Layla Madkour – Senior Key worker Jahrel Laurencin – Boxing Coach Lizzie Takyi-Akyaa – Lead Youth Worker Junior Miller – Boxing Coach Trun “Giz” Chu – Lead Boxing Coach Arnold Puplampu – Boxing Coach Aaron Grew – Admin Assistant Warren Hutchinson – Youth Support Worker Sian Fletcher – Finance Officer Tunde Balogun – Youth Worker Bob Turgott – Key Worker Jacqueline Gilbert – Youth Worker Aaron Herbert – Mentor Nuriya Qamili - Youth Worker Denise “Dinky” Wilson – Bike Mechanic Isaac Shukar – Youth Worker Verona Stewart – Community Chef

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

23

Carney's Community

Report of the trustees

For the year ended 31 January 2023

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 31 July 2023 and signed on their behalf by

charles gibson

Charles Gibson - Trustee

Thomas Fitzgerald

Thomas Fitzgerald - Trustee

24

Independent examiner's report

To the trustees of

Carney's Community

I report to the trustees on my examination of the accounts of Carney's Community (the charitable company) for the year ended 31 January 2023, which are set out on pages 26 to 44.

Responsibilities and basis of report

As the trustees of the charitable 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 charitable 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 the charitable 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 charitable 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 (ICAEW), which is one of the listed bodies.

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

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.

Alison Godfrey

Date: 1 August 2023 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

25

Carney's Community

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 January 2023

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
160,349
334,293
Charitable activities
4
-
40,138
Investment income
-
350
Total income
160,349
374,781
Expenditure on:
Raising funds
-
29,236
Charitable activities
143,645
280,620
Total expenditure
6
143,645
309,856
Net income / (expenditure)
16,704
64,925
Transfers between funds
(42,220)
42,220
Net movement in funds
7
(25,516)
107,145
Reconciliation of funds:
Total funds brought forward
31,519
302,468
Total funds carried forward
6,003
409,613		 2023
2022
Total
Total
£
£
494,642
337,087
40,138
46,827
350
-
535,130
383,914
29,236
29,298
424,265
461,180
453,501
490,478
81,629
(106,564)
-
-
81,629
(106,564)
333,987
440,551
415,616
333,987

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.

26

Carney's Community

Balance sheet

As at 31 January 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
13
Funds
14
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
36,485
392,632
429,117
(51,974)		 2023
£
38,473
38,473
377,143
415,616
6,003
67,000
342,613
415,616		 2022
£
3,070
3,070
11,676
345,536
357,212
(26,295)
330,917
333,987
31,519
67,000
235,468
333,987

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

27

Carney's Community

Balance sheet

As at 31 January 2023

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 31 July 2023 and signed on their behalf by

charles gibson

Charles Gibson - Trustee

Thomas Fitzgerald

Thomas Fitzgerald - Trustee

28

Carney's Community

Statement of cash flows

For the year ended 31 January 2023

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Other interest receivable and similar income
Increase in debtors
Increase in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
81,629
1,430
(350)
(24,809)
25,679
83,579
(36,833)
350
(36,483)
47,096
345,536
392,632		 2022
£
(106,564)
850
-
(2,237)
16,868
(91,083)
(3,920)
-
(3,920)
(95,003)
440,539
345,536

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

29

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

1. Accounting policies

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 in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Carney's Community 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.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of boxing and mentoring sessions is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

30

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

1. Accounting policies (continued)

d) Donated services and facilities (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the 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 or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of staff time occupied by each activity as follows:

2023 2022
Raising funds 8.2% 8.8%
Charitable activities 91.8% 91.2%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Sporting equipment 4 years straight line
Other equipment 3 years straight line
Fixtures and fittings 4 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,500.

31

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

1. Accounting policies (continued)

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charitable company 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 their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note i above.

32

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds		 Restricted
£
£
143,549
193,538
-
46,827
143,549
240,365
-
29,298
162,926
298,254
162,926
327,552
(19,377)
(87,187)
16,666
(16,666)
(2,711)
(103,853)
Unrestricted		 2022
Total
£
337,087
46,827
383,914
29,298
461,180
490,478
(106,564)
-
(106,564)

33

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

3. Income from donations and legacies

Income from donations and legacies
Donations
Battersea Park Youth Club gift in kind
I.G.Y. Foundation
Nettlefold Gayner Foundation
Pantheon Trust
Lara's Family
Childhood Trust
Merriman Charitable Trust
Witheren Foundation
St Philip's PTA
Savills
Issoria Ltd
Henderson Chambers
Ali Watkins
Mafia Bikes
Other donations £1,500 or less
Donations from private individuals
Total donations
Grants
City Bridge Trust
Laureus Sport for Good
The April Trust
Children In Need
Allegra's Ambition
Goldman Sachs Gives
Katherine Low Settlement
Rathbones
Angus Irvine
Wandsworth Council
Providence (Big Local)
Wimbledon Foundation
Other grants £1,500 or less
Total grants
Total income from donations and legacies		 Restricted
£
£
-
30,000
-
45,000
-
28,000
-
25,000
-
12,500
-
11,000
10,000
-
-
10,000
-
6,000
-
5,000
-
4,692
-
3,000
-
3,000
2,000
-
-
5,870
-
114,123
12,000
303,185
24,300
608
24,083
-
20,000
-
14,436
500
11,280
-
26,000
10,000
-
10,000
-
10,000
10,000
-
10,000
-
5,000
-
2,500
-
750
-
148,349
31,108
160,349
334,293
Unrestricted		 2023
Total
£
30,000
45,000
28,000
25,000
12,500
11,000
10,000
10,000
6,000
5,000
4,692
3,000
3,000
2,000
5,870
114,123
315,185
24,908
24,083
20,000
14,936
11,280
36,000
10,000
10,000
10,000
10,000
5,000
2,500
750
179,457
494,642

The Wand: The trustees of Battersea Park Youth Club (owners of the lease on the premises, the Wand) have granted the charity 'peppercorn rent' on Carney's Community Centre. This is estimated at £2,500 per month, £30,000 for the accounting year (2022: £30,000).

34

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

3.
Income from donations and legacies (continued)
Prior period comparative:
Donations
Battersea Park Youth Club gift in kind
I.G.Y. Foundation
The Childhood Trust
Mafia Bikes
West Coast Foundation
Leaders Quest
Issoria Ltd
Alison Watkins
Prism Charitable Trust
Other donations £1,500 or less
Donations from private individuals
Total donations
Grants
Laureus Sport for Good
City Bridge Trust
The April Trust
Children In Need
Wandsworth Council
Katherine Low Settlement
Oak Foundation
Lululemon
Angus Irvine Playing Field Fund
Street Games UK
Providence (Big Local SW11)
Wimbledon Foundation
Other grants £1,500 or less
Total grants
Total income from donations and legacies		 Restricted
£
£
-
30,000
-
50,000
-
8,000
6,000
-
6,000
-
-
5,000
-
4,000
-
3,000
-
2,500
-
7,452
-
65,105
12,000
175,057
25,000
-
24,000
-
17,758
-
11,936
-
6,000
-
-
10,000
-
7,500
29,035
-
5,000
-
4,000
-
3,620
-
2,500
-
2,700
981
131,549
18,481
143,549
193,538
Unrestricted		 2022
Total
£
30,000
50,000
8,000
6,000
6,000
5,000
4,000
3,000
2,500
7,452
65,105
187,057
25,000
24,000
17,758
11,936
6,000
10,000
7,500
29,035
5,000
4,000
3,620
2,500
3,681
150,030
337,087

35

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

4. Income from charitable activities

Boxing courses and mentoring
Room hire
Other income
Total income from charitable activities		 2023
£
37,025
2,338
775
40,138		 2022
£
29,575
2,755
14,497
46,827

All income from charitable activities in the current and prior period was unrestricted.

5. Government grants

The charitable company receives government grants, defined as funding from Wandsworth Council to fund charitable activities. The total value of such grants in the period ending 31 January 2023 was £10,000 (2022: £6,000). There are no unfulfilled conditions or contingencies attaching to these grants in the current or prior period.

36

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

6. Total expenditure

Total expenditure
Staff costs (note 8)
Other staff costs
Premises costs
Office costs
Participant costs
Professional fees
Bank charges
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
22,721
-
-
-
-
702
-
23,423
5,813
29,236		 Charitable
activities
£
254,361
2,691
79,540
12,183
10,413
-
-
359,188
65,077
424,265		 Support and
governance
costs
£
44,204
-
8,838
12,183
-
5,642
23
70,890
(70,890)
-		 2023 Total
£
321,286
2,691
88,378
24,366
10,413
6,344
23
453,501
-
453,501

Total governance costs were £3,120 (2022: £3,360)

37

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

6. Total expenditure Prior period comparative

Prior period comparative
Staff costs (note 8)
Other staff costs
Premises costs
Office costs
Participant costs
Professional fees
Bank charges
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
22,597
-
-
-
-
442
-
23,039
6,259
29,298		 Charitable
activities
£
233,732
8,728
128,864
9,621
15,493
-
-
396,438
64,742
461,180		 Support and
governance
costs
£
39,490
-
14,318
9,621
-
7,438
134
71,001
(71,001)
-		 2022 Total
£
295,819
8,728
143,182
19,242
15,493
7,880
134
490,478
-
490,478

38

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

7. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
▪Independent examination (including VAT)		 2023
£
1,430
840
Nil
13
3,120		 2022
£
850
504
Nil
96
3,360

Trustees reimbursed expenses relate to one trustee being reimbursed for IT and governance costs (2022: one trustee).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2023
£
294,351
17,332
9,603
321,286		 2022
£
273,505
17,209
5,105
295,819

No employee earned more than £60,000 during the year (2022: Nil).

The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer and Chief Operating Officer. The total employee benefits of the key management personnel were £90,152 (2022: £84,467).

2023
No.
Average head count
21.00
The average number of full time equivalent employees during the year was as follows:
2023
No.
Mentoring and administration staff
9.00		 2022
No.
19.00
2022
No.
9.00

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

39

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

10. Tangible fixed assets

£
Cost
At 1 February 2022
-
Additions in year
36,833
At 31 January 2023
36,833
Depreciation
At 1 February 2022
-
Charge for the year
450
At 31 January 2023
450
Net book value
At 31 January 2023
36,383
At 31 January 2022
-
11. Debtors
Trade debtors
Prepayments
Accrued income
Fixtures and
fittings		 £
4,480
-
4,480
4,480
-
4,480
-
-
Sporting
equipment		 £
8,688
-
8,688
5,618
980
6,598
2,090
3,070
2023
£
2,488
5,564
28,433
36,485
Other
equipment		 Total
£
13,168
36,833
50,001
10,098
1,430
11,528
38,473
3,070
2022
£
3,385
5,291
3,000
11,676

12. Creditors : amounts due within 1 year

Trade creditors
Accruals
Other taxation and social security
Other creditors		 2023
£
34,689
3,696
9,995
3,594
51,974		 2022
£
9,625
4,703
11,967
-
26,295

40

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

13. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 January 2023
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 January 2022		 £
-
6,003
-
6,003
£
-
31,519
-
31,519
Restricted
funds
Restricted
funds		 £
-
67,000
-
67,000
£
-
67,000
-
67,000
Designated
funds
Designated
funds		 £
38,473
356,114
(51,974)
342,613
£
3,070
258,693
(26,295)
235,468
General
funds
General
funds		 Total
funds
£
38,473
429,117
(51,974)
415,616
Total
funds
£
3,070
357,212
(26,295)
333,987

41

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

14. Movements in funds

Restricted funds
Boxing and mentoring
Food program
Youth work and outreach
Bike workshop
Building improvements
Total restricted funds
Designated funds:
Building fund
Capacity building
IT infrastructure
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
February
2022
£
7,439
-
1,200
-
22,880
31,519
5,000
55,000
7,000
67,000
235,468
302,468
333,987		 Income
£
109,599
8,150
600
2,000
40,000
160,349
-
-
-
-
374,781
374,781
535,130		 £
(112,549)
(8,150)
(286)
(2,000)
(20,660)
(143,645)
(5,000)
-
(4,262)
(9,262)
(300,594)
(309,856)
(453,501)
Expenditure		 £
£
-
4,489
-
-
-
1,514
-
-
(42,220)
-
(42,220)
6,003
30,000
30,000
(23,000)
32,000
2,262
5,000
9,262
67,000
32,958
342,613
42,220
409,613
-
415,616
Transfers
between
funds
At 31
January 2023		 £
£
-
4,489
-
-
-
1,514
-
-
(42,220)
-
(42,220)
6,003
30,000
30,000
(23,000)
32,000
2,262
5,000
9,262
67,000
32,958
342,613
42,220
409,613
-
415,616
Transfers
between
funds
At 31
January 2023
6,003
30,000
32,000
5,000
67,000
342,613
409,613
415,616

Purposes of restricted funds

Boxing and mentoring

Our core work, incorporating group boxing sessions and intensive, longterm and consistent one-to-one mentoring for disadvantaged young people in and around Wandsworth.

Food program

Includes Fit & Fed where young people who've taken part in boxing sessions are provided with a healthy nutritious and hot meal afterwards, along with cooking workshops held online during the lockdowns, and summer cooking programmes.

Youth work and outreach

Our youth work team offer a range of activities for young people and while we were unable to run in-person youth activities during the pandemic, we started an outreach programme to enable us to meet young people around where they live and interact with them, check in on their welfare and let them know about support available to them.

Bike workshop

A programme for young people to learn skills in bike maintenance and repair, also a growing social enterprise where young people repair bikes belonging to members of the public.

42

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

14. Movements in funds (continued) Purposes of restricted funds (continued)

Building improvements

Development and maintenance of our building where most of our activities take place.

Purposes of designated funds

Building fund

For maintenance and repair work to our aging building, where most of our activities take place.

Capacity building

For development of services and fundraising capacity to support future work.

IT infrastructure

For investment in a much-needed upgrade of computer equipment for the staff team.

Transfers

Transfers represent the purchase of fixed assets from restricted funds and the unrestriction of the underspend as agreed by the funder.

Prior period comparative
Restricted funds
Boxing and mentoring
Food program
Youth work and outreach
Bike workshop
Building improvements
Fitzroy Lodge
Total restricted funds
Designated funds:
Building fund
Capacity building
IT infrastructure
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
February
2021
£
12,709
5,333
8,016
-
1,500
6,672
34,230
50,000
78,000
-
128,000
278,321
406,321
440,551		 Income
£
73,936
11,620
2,200
9,000
46,793
-
143,549
-
-
-
-
240,365
240,365
383,914		 £
(75,347)
(17,641)
(9,025)
(11,800)
(25,413)
(23,700)
(162,926)
(45,000)
(16,000)
-
(61,000)
(266,552)
(327,552)
(490,478)
Expenditure		 £
£
(3,859)
7,439
688
-
9
1,200
2,800
-
-
22,880
17,028
-
16,666
31,519
-
5,000
(7,000)
55,000
7,000
7,000
-
67,000
(16,666)
235,468
(16,666)
302,468
-
333,987
Transfers
between
funds
At 31
January 2022		 £
£
(3,859)
7,439
688
-
9
1,200
2,800
-
-
22,880
17,028
-
16,666
31,519
-
5,000
(7,000)
55,000
7,000
7,000
-
67,000
(16,666)
235,468
(16,666)
302,468
-
333,987
Transfers
between
funds
At 31
January 2022
31,519
5,000
55,000
7,000
67,000
235,468
302,468
333,987

43

Carney's Community

Notes to the financial statements

For the year ended 31 January 2023

15. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2023
£
1,008
3,192
4,200		 2022
£
924
4,200
5,124

16. Related party transactions

Charles Gibson, Chair, is the Head of Chambers at Henderson Chambers. During the year Henderson Chambers made donations to the charitable company of £3,000, of which no amounts were outstanding at year end (2022: £Nil).

44