Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gfied Orgonlsallon ikniled Annval RePt and Finoncial Slafemenls F the Year Ended 31 March 2021 Company limiled by guoronlee registered No: 0&18CQ63 Charity No: 1151327
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gilled 0rgon15alion Llmited Compony limited by gualontee number 0838(M)63 Chathy no. 1151327 Annual Report and Financlol Stalements fot the year ended 31 March 2021 Conlenls Page Legal ond Adminislrative InformotK)n Trustees Report Independent Examiner Report 10 Slalemenl of Financial Activities Summary Income ond Expenditvre 12 Balance Sheel 13 Slatemenl of Cash flow5 14 Notes fonning part of the financial slatemÈnts 15 Detailed Statement of Financial ActNilies Poge I
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organi5alion Llmiled Company Limlled by guarantee nvmber 08380 Chority no. 1151327 Annvol Report and Finonclal Statements for the yeor ended 31 March 2021 Company Reglstrolion Number. Charfly No: 151327 Board of TTUStees: Chelno Mvrphy Daniel Gordon Andrew Murphy Louisa Lawes Jonito Coshmore Felicity Dace Regtstered Offke: 7 Ingrom House Flocxl Churchgate Cheshunt. Waltham Cross Hertfordshire EN8 9NH Secretary: Aysho Julie Bankers: UnityTrust Bank Congress House 2&28 Greal Russell Streel London WCIB 3UB Poge 2
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfted Qrganisallon Limlled Company limiled by guarantee numbef 083801M3 Chgiily no. 1151327 Annual Report and Financlal Stalements fot Ihe year erKled 31 March 2021 The Irustees. who e also drect(N5 of the charity for the purFX)ses of the Companies Act 26. present their report wth the financial statements of the chcwtky for the year ended 31 March 2021. These are also prepared lo meet the requirements for a direclors, report ond occounts for Companies Acl purposes. The financiol slolements have been prepored in accordonce wlh Accounting and Reporting by Charilies- Statement of Recommended Proctice applicable to charities preparÈng their accoun15 in accordance with the Financial Reporting Stondard opplicat4e in the UK and Republic of Irelond IFRS 1021 leffective l Jonuary 20151- (Charities SORP IFRS 10211. Ihe Financial Reporting stondord applicable in the UK and Republic of Ireland IFRS 1021 and Ihe Componies Act 2CK)6. Slructure. Govemance arKI Managemenl Gov nin Docum nt The Gifted is the marketing name of the registered charity The Gifted Organisation Limited, which is governed by ils memorondum and articles of ossociotion daled 291h Jonuary 73. The charity is a company fimiled by guorontee and ha5 no share copital. The liability of each member in the event of winding-vp is limited lo £10.11 was registered a5 a chartty on 2151 March 2013. Trustees and Mana ement The charity's articles of associalion require the apwinlment of not less than three tru5tee5. New Iruslees ore oppointed for o term of three year5 by invitation of existing trvslees. This is subject to election by existing ITuslees at a board meeting. On the 18th of Jonvary. Glenn Stewart and Mark Seguna slepped down as trustees. Andrew Murphy, Janita Cashmore, Lousio Lawes and Felicity Dace were nominated for appointment as Iru51ees and were voted in os Injstees. There are currently six trvstee5: Daniel G(xdon. Chetno Murphy. Andrew lPhY. Janita Cashmore. Lousia Lawes and Felicity Dace. The Iruslees previousty delegated mony daY-lLaY operatK)nal matters including finance. business development. staffing. project management and admini51ralion lo Ihe Management Team. The Managemenl leam comprises of 3 dislincf pillars wilh clear defined accountabilities ond responsibilities: 118usiness and Stralegy- slrolegic vision and idenlificotion of growlh opportunities 21Portnership and Developmenl - securing new ond susloining exisling funding 31Operallons - smoolh running of Ihe operational and adminrstrotion aspec15 whilsl ensuring legal compliance and fulfilment of regulofory reqvwements Over the lost year due to the cuent economic situ(rtron ond fundraFsing climote. The Gifted's trustees hove taken on a larger role in the Charity by managing the day lo day finances and becoming more involved in the hiring process in uder lo streomline costs. However. all major decisions are referred to the Iruslees by the Monogement Team . The Monogement Team reports to the board on The Gifted's activities. achievements and plans al regular board meetings. Tru recruilment inducfi n and Irainin Those wilh relevant skills, experience and experlise are efigible to become trustees, subject to references and approval by the board. Polential truslees are inviled to express their interest to the Operotions Manoger and Secretary who wll invite Ihem to meet Ihe boord before a decision of recruitmenl and appointment to the board is made. This is su"eCt to election by existing truslees at a boord meeting and Subject to election by charity members al the subsequent annual generol meeting. All new trustees are provided wilh o trustee induclion pock to ast them with the role Ihey are to provide. They also undertake an enhanced DBS check. Page 3
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gilted Organtsallon LimiTred Company limlled by guarantee nLfflibef 08380063 Chaiity no. 1151327 Annual Report and Financlal Stolements fot the year ended 31 March 2021 Risk Man ement The trustee5 have assessed Ihe mojor risks to which the chortly is exposed. and are satisfied that systems are in ploce to mitigale exposure lo the major risks. The following major risks have been identffied. obng wth Fyocesses to mitigale them: Risk Mitigant Safeguarding young people whilst in the Ca of The Gifted staff Maintsining appropriate Insuran covei Having poliues and procedures in place, induding health and safety, safeguarding and equal opportuntts.es Stsff induction includes a walkthrough of the Safeguarding process All staff and adutt volunteers undergo regular Disdt)sure and Baning Serie Checks, Occasions when an adult is left alone with a child are minimised 2. Lack of consistent funding and core fijnding Grant ap1¢8t10ns submissions with stated target in action plan Pursuing addtlional income through Client work dening sources of fvnding from commissioned wo Online plattomi launched to diversfy income generation sources -Donation aCCeptsn policy 3. Reputatsonal damage of accepting donalions from an i inappropriate source 4. Health and Safety of staff •Having appropriate wli¢ies and procedures in pla .Carrying out risk asSeSsmts 5. Intemjption of services due i to an incident such as fire. I flood or p[ failure Vision. Mlsslon and Votues .Staff equipped to work from home and all documents stored Secureiy on a doud Our Vlsjon The Gifted's vision is t children. Y(ng people and famli ies to lead heallhy ond happy lives. Our Mission Using discovery based interactive workshops and crealive projecls The Gifted educates and empowers children and young people about health. lrfestyle and wellbeing i55ue5 $0 that they are able to loke ownership of their heolth and the choices thot Ihey make. These activitie5 engoge young people by harnessing their enthusiasm and delivering them reol outcomes whilst equipping them with new skills and knOedge. Poge 4
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gllled Organlsallon LimHed Company Limiled by guarantee number 0838CMM3 Charity no. 1151327 Annual Report and Financlal Slalements for Ihe Ye ended 31 March 2021 Educallon - yoviding access f(y all children. young K)eople and their families to education about a rang& of issues Aspirallons - helping to raise aspwafion5 through the wojects delivered. encouraging Ihem to ftjifil their potential and believe in Ihemselves. Communicalion - enabling unheard voices lo be heord Diversity - enabling children and young people to fulfil th&r potential regardless of Iheir backgrounds. free from ryejudice and honn Our Aims The Gifted works with children. young people ond their families. wlh focus on those who are disadvonlaged andl(y vulnerable and Ihose who have been affected by disadvantage to educale and emF)ower them akxxjl health ond wellbeing. The Gifted is able to work with partiCiFKJnts to improve ther resilience. confidence ond skills. and to roise aspirations. The Gifted has three core areas of focu5: IM0ving Skills. Providing Accessible Education on Health Issues., and Roising Aspirolions. l. IM0ving Skills Building partiapants transferable skills such as wqect plonning. thinking crealivety. applying information. communicotion and leam worknng that can be used in education and employment Give participonts the Opp(runIty to w(xk towards recognised accreditations Provide participants wlh on experiential leoming experience: lo enable learning through d(xng 2. Providing Accessible Educotion Creote peer education lools and resources that are relevant ond infiNmative for Ihe hardesl to reach groups Provide porticipants with positNe octNities and volvable education. empowering them wilh knowledge about lifestyle issues to allow positive choices Support porticipanl's mentol wellbeing. ond help to prevent menlal ill health Provide a safe, confidential and noTriudgmental place for participants to express Ihem5elves, discuss issues. ond have the questions onswered 3. Raising Aspirotions Encouroge participants to be more ambitious. determined and conscientious members of Iheir community by involving Ihem in meaningful activities that improves Iheir confidence and skills Enable participonts lo have theiT V(ices ond opinions heord. and provide support to help Ihèm to address difficulties and overcome barriers The trustees are satisfied that the charilable company has ochieved its obieclives in the year under review. Page 5
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfled Organisalion Llmiled Company Llmlled by guarantee number 08380063 Charfty no. 1151327 Annual Report and Flnanclal Stalements f¢x Ihe year erKled 31 PAarch 2021 Achlevements and perfomiance Over the past 12 months The Gifted has wcKked wilh 258 children and young people across its progrommes. Whilst this 15 slightly lower than the previous year. it 15 0 great achievement in light of COVID- 19 and the difficult position the orgonisalion foced in pivoting its programmes online. while furloughing some members of its core delivery leom for o shorl time. We provided a variely of Kyogammes including: confidence building courses. 1-2-1 mentoring, croft and creative tyojects. online training f(y young women to slort ther own business. We deliver these unique programmes in schools. oltemative edvcoion settings. women's refuges. online and anywhere else thal needs us! We provide an outreach service that meets young r)eople where they ore mosl comfortoble. 58% of the young people we work wth hove low educational altainment. 46% werè not in education. Sroining or employment. 32% had o menlal health issue. 28% were known to be involved in substance misuse, 9% had bèen excluded from school. We wck in ore05 in the top 20% most deprived in the Indices of Multiple Deprivalion. The young people we work wth often lack family 5UPPOrt. They have exlremely low self-esteem and do not hove the skills they need to access opportunities in education or training. The Grfted measure5 ils impad by tracking the number of children and young people Ihat gain an accredited oward. take parl inlcomete out txwammes and by using The Gifted Slarf - a guided self- assessmenl tool thol trocks impacl ond measures the progress of young people. They report on the impact the project has had on eight key aspects of their lives which include harm. health, relationships. coping wth problems. their future. supput, engoging. skills and experiences. Using Gifled Star the percentage of young people repc*ting improvemenls in key oreas was as follows: fijlvre 82%, engaging 76%. relationships 76%. coping 71%. health 66%. suppcyt 61%. harm 6Q%. identity 58%. Participants ore asked for qualilative feedback either through inlerviews. conversations or forms to understand how the project has impocled Ihem. We stoy in contacl with young people after they have completed Fyogrammes and they are offered the Opttunity to volunteer or lake part in work experience wilh us. This yeor, Ihrough the Butterfly wogramme we hove worked wth 190 young women oged 11-25 who have personal and sociol complex needs. The Bvtterfly enables them to leam new skills. grow in confidence and raise their asptralions to SUPF)Ort them in overcoming barriers and participote fully in society paving the way for them lo become resilienl. healthy and capable adult5. Our beneficiaries hod experienced disodvanlage in tems ol poverty. FXXX health. crime. housing, employment andlor education. as a result they hove low aspirations and are likely to have low educational allainmenl. They lacked the necessary setf-esteem. self<onfidence. communication skills ond drive lo get the most ovt of stalutory edvcotion and convenlional vocational training. "I holed tolking in front of people I didn'l feel confident and I thought people would lovgh al me bul by working wlh mentcK and then going to the group sessions I buill up the confidence to present my work to the group. I'm going to train as a peer edUCatC nexl because I reolly wonl lo help other girls, "The Buttetfty has made me reafise that I'm not to blame for the Ihing5 that I did cx happened in the past. I moy not get my son bock and that breaks my heart but I can onty chonge my future. l am in charge of my destiny and the chThces I moke from now." Poge 6
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfted Organtsallon Lwniled Company Limiled by gvarantee nvmber o838rXJ Charlty no. 1151327 Annual Report and Financlal Stalemerrts for the year ended 31 March 2021 The outcome5 of the project were. 83% reFX)rled feeling more confident, 72% reF)Orted improved resilience. 82% felt more exciled about their futures. 78% felt that they have a plan for their lrfe 76% said they were le55 likely to engage in risky behavi0 and 69% felt a sense of belonginglcommunily. Building on the succes5 of the onfrye(J FNoiect called 'Ck)thmakers Wings, previously funded by Heritage Lotlery Fund. we have continued to engoge vulnerable and disadvantoged girts by providing craft workshops in London. Essex ond HertFordshwe with the svpport of UK Youth and Comic Relief funding. In doing so. we helped lo build confidence and unlock talent among 48 yovng women, whilst giving them the space fo effectively monoge feelings of slress and anxiety. 48 girls have participated in the Butterf Arts Projecl (also known as Grfted al Crafting), learning skills in embroidery. puppel making. stitching. plaiting ond l-shirt designs over 6 to 12 week5 during curriculum lime. 6 girls have expressed on interest in volunleertng f(K The Gifted. At an organisationol level The Gifted has devek)ped and secvred a major partnership opportunity with Nexus enabling vs to reach and engage eighl secondary schools across Enfield. This hod led lo the oppointmenl of an Operations Monoger and Iwo new Prqect W(xkers. Poge 7
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gllted Orgonisalion ilmlled Company LimiFed by gvarantee number l)838CX163 Charty no. 1151327 Annual Report and Financial Stalements for the YO ended 31 March 2021 Future Plom The Gifted wll focus on our core objectwe 'supp(yFing chldren and young people fo create bright futures for themselves, Ihrough the delivery ol our progrommes. It will concentrate on its online platform offering and ensvring thi5 avenue is still offered 05 well as foce to face. Funded work The Gifted wll continue to make appficotions to Irusts and foundations and grant fiJnders. Partnershlp work In the forthcoming year The Gifted will focus on developing partnShipS wth schools and olher social enlerprises. THANK YOU The Gifted would like lo thank all knnds. clEnts. supporters. slaff. members and volunleers for their conlinued supp(xt. Page 8
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfted Organlsalion Limlted Company Limlted by gvarantee nvmber 0838W Charfty no. l 151327 Annual Report and Financial Statements for the year ended 31 March 2021 Flnanclal Revlew Investment Polic Aside from retaining a t)nJdenl amount in reserves eoch year mosl of the company's funds are to be spent in the short term so Ihere ore no funds for long tenn inve5tmenl. The Gifted has a delailed reserve5 policy which includes o wind down action Ian. This is to ensLKe we manoge our resources responsibly. and that we act in the best inlerests of the organisotion ond the people we Serve. Financial Performanc Totol incoming resources for the yecr ornnted lo £207.9QL) and ofter deducting lolal resources expended of £209.869 net incoming resources amounted to l£1.9691. At reporting date unrestricted funds arrK)unted to £10.698. reserves amounted to £1.(10 and restricled funds were £52.424. The cash balance at the end of Ihe year was W.511. Page 9
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation Limited Independent Examiners Report Independent Examiner'5 Report to the tru5tee5 ofThe Glfted Organisation Limited I report to the charity trustees on my examination of the accounts of The Gtfted Organisation Limited for the year ended 31 March 2021 which comprise the Statement of Firiancial Attivities. the summary Income and Expenditure Account, the Balance Sheet and the related notes. Responsibilitie5 and basis of report As the trustees of the charity (and also its dÉrectors for the purwses of company lawl you are responsible for the preparation of the accounts in accordance wtth the requirements of the CompanÉes Act 2(KIG I'the 21K)6 Art. Naving satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examlnation, I report in respert of my examination of your charity's accounts as carried OLrt under section 145 of the Charrties Act 20111'the 2011 Act'l- In carrying out my examination I have followed the Dirertions given by the Chartty Commission under section 1451511bl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confimi that no material matters have come to my attention in connection with the examination giving me cause to belteve that- accountrn8 records were not kept in accordance with section 386 of the 2C(16 Act . or • the accounts do not accord with those records: or the accounts do not comply with the accounting requirements under section 396 of the 21Y)6 Art other than any Tequirement thatthe accounts gwe a 'true and view which is not a matter considered as part of an independent examinatioTr- or • the accounts have not been prepared in accordance with the Charities SORP {FRS 1021. I have no concerns and have come across no other matters in tonnection with the examination to which attèntion should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. slioILI JT Accounts PO Box 1327 Woodgrange Avenue Enfield Middlesex EN19AE 31 March 2021 Page 10
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation Limited Statement of Financial Arti¥itles for the year ended 31 March 2021 fund5 fvnds Total funds Totsl funds 2021 2021 2020 Notes Income frorn: Donations and grants Charitable artivities 88,095 88,095 119,788 17 139,865 IiKI.730 iio 119.788 Investments 17 Total 88.112 119,788 207.900 240.705 Expenditure on: Raising funds Charitable activities 3.879 199,108 134,499 74.326 208,825 Total 135.543 74.326 209,869 202,987 Net gains on investments Nei lexpenditureifincome Transfers between furEds {47.4311 45.462 11,9691 37,718 Net lexpenditure)lipcome before other gainsl(lossesl 147,431) 45.462 11.9691 37,718 Other gains and losses Net movement in funds 147,431) 45.462 11.9691 37.718 Re¢on(iliatlon of fvnds- Totsl funds brought forward 78.129 6.962 85.091 47,373 Total fund5 carried forward 30.698 52,424 83,122 85,091 Page 11
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation limited Summary Income and ExpendIre Account for the year ended 31 March 2021 2021 2020 Income 207.883 240,595 Net gains on investments Interest and investment income 17 iio Gross Income for the year Expenditure 207.9CKI 240,705 209.869 196.634 Depreciation aftd charge5 for impaimient of fixed assets 6,353 Total expendItU tsthe year Net lexpenditurellincome before tax for the year 209,869 202,987 (1.9691 37.718 Net leypendkure Ifincome forthe year 11,9691 37,718 Page 12
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gffted Organisation Limlted Balance Sheet at 31 March 2021 Company No. Notes 2021 2020 Fixed a55ets Tangible assets Current assets li Debtors Cash at bank and in hand 1.2LK) 84.511 85,711 12.5891 83.122 85,524 85,924 1833) 85,091 Creditors: Amount falling due within one year Net current assets Totsl assets less cuffent liabilities 83,122 85,091 Net assets exduding penslon asset or Ilaknlity Totsl net assets 83,122 85,091 83,122 85.091 The funds of the tharity Restricted fvnds Restricted income funds 14 52,424 52,424 6,962 6,962 Unrestricted lunds General funds 14 10,698 58,129 10.698 58.129 Reserves 20.IJJ) 20,IKIO Total lunds 83.122 85,091 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 21XJ6 relating to small companies. For the year ended 31 March 2021 the company was entitled to exemptlon under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with sertion 476 of the Companies Act 2006. The dirertor5 acknowledge their responsibilities for complying with the requirements of thÈ Cornpanies Act 2(K)6 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2021 And si8ned ortr its behalf by- Do¢USnId by.. 11/3/2021 Trustee 31 March 2021 Page 13
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gtfted Organisation Umited Statement of Cash Ilows for the year ended 31 March 2021 2021 2020 Cash flows frorn operating activitie5 Net {expÈnditure)lincome per Ststement of financial Acti¥ilies 11.9691 37,718 Adjustments for. Dividends. tnterest and nts from investments Increase in trade and other receivables Increase in trade and other payables 117} I8) 1,756 Iiioi 12(K)I 833 Net cash (used tn}/provided by operating activides 11,0301 38.241 Cash ftow5 from Investing activltie5 Dividends, interest and rents from investments 17 iio Net from i15$tIng actlvities 17 iio Net cash from financing acti¥ltie5 Net Ide¢rea5e)fincrease in cash and eash equi¥alents {1.0) 38.351 Cash and cash equlvaleThts at the be8inTring of the year 85.524 40,820 Cash and Cash equivalents * the end of the year 84.511 79,171 Cornponents of cash and cash equl¥alents Cash and bank balances 84.511 85,524 84.511 85,524 Page 14
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation limited Notes to the Acwunts for the year ended 31 Marth 2021 l Accounting polides Basis ol preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended PraCte applicable to charities preparing their accounts in accordance with the FinancFal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Att 2LKI6. Change in basls of accounting or to pre¥ious accounts There has been no change to the accounting policie5 IValuatJn rules and method of accounting) since last year and no change5 have been made to account5 for previous years. Fund accounting Unrestricted funds These a availab for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked bythe trustees for particular purposes. These are unrestricted funds which include a revaluation reserye representing the $taternent of investment assets at their market Values. These are availabte for use subjert to restrictions imtx)sed by the donor or through tem15 of an appeal. Designated funds Revaluation funds Restrirted funds Income Recognition of income Income is included in the Statement of Finanaal Activities ISOFAI when the charity becomes entTtled to. and vTrrtual certain to receNe, the income and the amount of the income tan be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expendrcure expenditu is reported 8ross In the SOFA. Donations and legacies Voluntary inc0e received byway of grants. donatM)ns and gift5 is included in the the SOFA when recervable and onty when the Charty has unwnditional entitlement to the income. Tax reclaims on Income from tsx reclaims is included in the SOFA at the same time a5 the donations and gifts giftldonation to which it lates. Donated servi5 These are only included in income (with an equivalent amount in and facilities expenditure) Whe the benefft to the Chartty is reasonably quantifiable, measurable and material. Volunteer help The value of aiiy vDlunieer help receivea Is intluded in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resuEting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/llos5esl on investmerrt assets This includes any 88in or loss on the sale of investments. Page 15
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisatlon Limited Notes to the Accounts Expenditure Recognition of expendtture ExpenditiEre 15 re(ognised on an accnJals basis. Expenditure indudes any VAT which cannot be ful recovered. and is reported as part of the expenditUTe to which it relates. Expenditure on These comprise the costs associated with attratting voluntary income, raising fund5 fundraising tradsn8 costs and investment management costs. Expenditure on These comprise the costs ir7curred by the Charity in the delivery of its charitsble activities artivities and service5 in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accnjal for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constttutional and StatOry requirements of the Charity. includin8 any audit/independent examination fees. costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support Costs not allocated tts a particular activty. Grants payable Governan costs Other expenditure Taxation The charity is exempt from corporatton tax on its charitable activities. Intsngible fixed assets and amortis#tion Intangible fixed assets lincluding purchased g(Kxlwill, patents and trndemarksl a carried at cost less accumulated amortisation and impainnent losses. Trade and other debt¢xs Trade and other debtor5 are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the arrunt prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demalld deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdraft5. In the statement of financial posÉtion, bar7k overdrafts are shown within borrowTrngs or current liabiltties. In the Ststement of Cash Flows cash and cash equrvalents are shown net of bank overdrafts that a repayable on demand and fonn an integral part of the company's cash management. Trade and other tredttors Short term creditors are measured at the transaction price. Other credttors and provisions are recognisèd where the charity has a present obligation sUIting from a past event that will probably result in the transfer of funds to a thinl party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provisions are normally recognised at their settlement amount after allowing for any trade dÉscounts due. Page 16
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation Limited Notes to the Accounts Pension costs The chartty operates a defined contribution plan for its employees. A defined contributFon plan is a pension plan under which the company pays fixed contributions into a separate enttty. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered fund 2 Company sLItus The company is a private company limited by guarantee and con5equentiy does not have share capital. 3 Statement of Finanaal Acb¥ities- prIOraT Unrestrlrted Restrirted nds funds Total funds 2020 2020 2020 Incorne from: Donations and grants Charitable artivities Investments 139.865 139.865 100.730 iio 1Th),730 IM) Totsl 139,975 IlJ),730 240,705 Expenditure on: Raising fvnds Charitable actNibes 3,879 150,559 3.879 199,108 48,549 Total 154.438 48,549 202,987 Net Inc¢)me 114.4631 (14.4631 52,181 37,718 Net income before other gain51(lossesl Other gains and los. Net movement in fvnds 52,181 37,718 114,463) 52.181 37,718 Reconciliatlon of funds: Total ftJnd5 brought forward Total funds carried forward 33.653 13.720 47,373 19,190 65,901 85,091 Pa8e 17
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Oreanisation limited Notes to the Accounts 4 Income from donati0Tr5 and grants Total 2020 2021 Donations < £5,OlXI Charities Aid foundation Explore Grant Grants < £5,1)Xl Job Retention Scheme IHMRCI Enfield Schools- Butterfly Programme Essex Community Garfield Weston Foundation 12.435 7.261 12.435 7.261 5,000 10.690 16.909 5,8rK) 10.0 20,0 88,095 77,418 10.690 16,909 62.447 io,( 20.1MI 88,095 139,865 5 Incorne frorn charitsble activites Total 2021 T¢)tsl 2020 Herritage Lottery Fund Children in Need - Large Grant Children in Need - Small Grant People's Health Tru5t- Fatherhood Groundwork UK- Comic Relief Hertfordshire Community Foundation . COVID-19 Pilgrims Trust Hertfordshire Community Foundation = Major Grant Lawrence Atwell Charity People'5 Health Trust- Girls Space 40,570 37.3tx) 12,692 22.401 40,570 37,31J) 12,692 22,401 1.888 22,642 42.210 4.937 4,937 io,ThJo 9,143 9,250 7,485 100,730 119.788 119,788 6 Income from investments Total 2021 Total 2020 Bank interest 17 iio 17 iio Page 18
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfted Organisatlon Limited Notes to the Accounts 7 Expenditure on raising funds Unrestricted T¢)tal 2021 Totsl 2020 IT Software and Consumables PrintinFJStationary 579 465 579 465 499 3.380 3,879 8 Expenditure on charitsble activities Charitswe Support & Total 221 Total 2020 Accountancy fees Bank fees Consultlll8 Depreciatlon Freelancers Insurance Premises Costs Project Rescources Staff costs (Note 101 Subscriptions Telephone Training Travel and subsistence 2.160 228 2,160 228 9,238 2,670 147 9.238 9,8C¥) 6,353 39,522 1,298 8,235 37,950 81.176 78 2.240 394 9,245 199,108 88.(X)3 88.(K)3 1,367 3.461 1.367 3.461 44,940 55,791 55.791 179 2.886 72 179 2,886 72 500 208,825 198,044 lQ,781 9 Other expenditure Total 2021 Total 2020 Amortisation. depreciation, impainnent. profivloss on disposal of fixed assets 6.353 6,353 io Staff costs Total 2021 Totsl 2020 Salaries and wages social security cosr5 Pensions costs 53.409 1,802 78.096 1,719 1.361 81.176 55,791 Page 19
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Glfted Organisation Llmited Notes to the Accounts 11 Tangible fixed assets Cost or revaluation At l April 2020 At 31 March 2021 DeprecTation and impairment At l April 2020 At 31 March 2021 Net 1Kk value At l April 2020 At 31 March 2021 20,523 20.523 20,523 20.523 20,523 20,523 20,523 20.523 12 Debtor5 2021 2020 Trade debtors 1200 1200 400 400 13 Creditors 2021 2020 Trade crditors Other taxes and social security 1412 1177 2589 833 833 14 Movemtnt in fvnds At l April 2020 Incoming resources (including other gainsllosses) Rescources expended At 31 March 2021 Restrlrted funds: 6.962 119,788 (74.326} 52.424 6.962 119.788 174,3261 52,424 Unrestrirted funds: General funds Reserves 58.129 20,1KM) 88.112 1135.5431 10.698 20,] 78,129 88,112 1135.5431 30,698 Page 20
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisation limited Notes to the Accounts 15 Reconaliatlon of net debt New HPIRnan¢e leases At31 At l April March 2021 Cash flows Cash and tash equivalents 85,524 85.524 11.0131 (1.0} 84,511 84.511 Net debt 85,524 11,0131 84,511 16 Commitments Pen*on commltments 2021 2020 The pension cost char8e to the company amounted to: 1,361 17 Related party disclosure5 Controlling party The company is limfted by guarantee and has no share capitsl- thus no Sing party controls the companv. Page21
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organlsation Limited Detailed Statement of Financial Actsvites for the year ended 31 March 2021 Income from donations and grarrts Unrestricted Restricted funds funds Total 2021 Total 2020 Income from: Donations Donations < £S,C Charities Aid foundation Explore Grant 12.435 7,261 12.435 7.261 77.418 Grants Grants < £5.000 Job Retention Scheme IHMRC) Enfield Schools- Butterfiy Programme Essex Community Garfield Weston Foundation 10,690 16,909 10,690 16,909 5.800 lo, 20,0(KI 88,095 62,447 lo.t 20,IJIX) 88,095 139,865 Charitable activities Herritage Lottery Fund Children in Need- Large Grant Children in Need - Small Grant People's Health Trust- Fatherhood Groundwork UK- Comic Relief Hertfordshire Community Foundation . Cov119 Pilgrims Trust Hertfordshire Communtty Foundation: Major Grant Lawrence Atwell Charity People's Health Tru5t- Girls Space 40.570 37.3C() 12,692 22,401 1,888 40.570 37.3 12,692 22,401 1,888 22.642 42.210 4.937 4.937 10,000 9.143 9,250 7,485 100,730 119.788 119,788 Bank interest 17 17 iio iio Total income 88.112 119.788 207.900 240.705 Page 22
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organisatlon Limlted Detailed Statement of financial Activltes for the year ended 51 Marth 2021 Expenditure on: Children in Need - Lar8e Grant Children in Need- Small Grant Herritage Lottery Fund Hertfordshire Community Foundation- Major Grant Lawrence Atwell Charity People's Health Trust- Girls Space People'5 Health Trust - Fatherhood Projett Resources. Consulting and Freelancers UK Youth 10.745 6.032 38.111 10.745 6.032 38.111 1,726 35,140 20 9,410 9.410 1,680 7,120 7.120 68.338 2.908 2,908 74.326 139,756 68,338 48.705 68.338 87.271 Governance costs: Accountancy fees 2,160 2,160 2.160 2.160 2.670 2,670 Employee costs: Salaries and wages Employers NIC Pensions costs Staff training 53,409 1.802 53,409 1,802 580 89 55.880 78,096 1,719 1,361 395 81,571 89 55,880 Motor and travel costs Travel and subsisten 9,245 9,245 General administrative costs, Including depreciation and amortisatlon Bank fees 228 Depreciation Insurance IT Software and Consumables Premises costs Printing/Stationary Subscriptions Telephone 228 147 6.353 1.298 499 8,235 3,380 78 2,240 22,230 1.367 579 3.461 465 179 2.886 9.165 1.367 579 3.461 465 179 2.886 9,165 Total expendlture 135,543 74,326 209,869 202.987 Page 23
Docusign EnvÈlope ID". 9C798E41-CD6C4FFF-B55&108C23E041EA The Gifted Organlsation Limlted Detsiled Statement of Financial Activites for the year ended 31 March 2021 Net lexpendIre)/IncQrne {47.431) 45,462 11.9691 37,718 Net (expenditurelllncome before other gains/{10sses) Other Gains 147,431) 45,462 11.9691 37,718 Net movements In funds (47,431) 45N62 {1,969) 37,718 Reconclliation of nds. Total funds bought fonvard Totsl funds carrfed loThvard 78.129 30.698 6.962 52,424 85.091 83.122 47,373 85.091 Page 24