2023-03-31-accounts - The Gifted Organisation Limited

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	Page
Charity Information
Trustees Annual Report	4-24
Independent Examiners Report	25
Statement of Financial Activites	26
Summary of Income and Expenditure	27
Balance Sheet	28
Cash Flows	29
Notes to the Financial Statements	30-33
Detailed Statement of Financial Activities	34-36

1.	Safeguarding	Safeguarding	young	people	people		Maintaining appropriate insurance cover
whilst		in the care ofThe Gifted					Having policies and procedures in place, including
staff							health and safety, safeguarding and equal
							opportunities
							Staff induction includes a walkthrough ofthe
							Safeguarding process
							All staff and adult volunteers undergo regular
							Disclosure and Barring Service Checks
							Occasions when an adult is left alone with a child	are
							minimised
2.	Lack of consistent			funding			A review ofthe Giffed's offering is underway to ensure
and core funding							it appeals to a wider range offunders. This will allow it
							to secure long term delivery funding.
							On Core (unrestricted) funding the Gifted need to
							widen its sources of income to include individual,	small
							businesses and corporate giving.
3.	Reputational		damage		of	e	Donation acceptance policy
accepting donations				from	an
inappropriate source
4. Health and Safety ofstaff							Having appropriate policies and procedures in place
							Carrying out risk assessments
5.Data Breach or Leak						~	A minor incident occurred in Mar 2023 with Google
							forms and led toa review ofthe Data Management
							process and the following actions were Implemented:
							Those who create googie forms and handle personal
							data as part oftheirjob should attend mandatory	Data
							Protection training and refresher training. The use	of
							Google Forms should be restricted to such persons.
							In light ofthis incident, policies and procedures will be
							updated and employees should feel able to report
							incidents ofnear misses; implementing a culture ofno
							blame and trust.

The Gifted	reached	reached	and engaged	460 beneficiaries in 2022/23	460 beneficiaries in 2022/23	across all its	programmes.	programmes.	Work
was delivered		in four key geographical		areas, including Haringey,	across 12educational			settings	and
community	establishments.
ESSEX			ENFIELD	HERTFORDSHIRE		COMMUNITY			ONLINE
Stewards	(36)		StAnnes (24)	Hertford Regional College—		John Warner/			Gifted at Craffing/
				Ware (30)		Lowewood			Lowewood	(70)
						(15)
Basildon	Pupil		Oasis Hadley	Broxbourne (6)		Edmonton	Library	/ Ton	Intro to Youth
Referral Unit		(6)	(24)			the Green/	NYCC	(41)	Work (19)
Harlow Fields			Edmonton	Nicholas breakspear		Fatherhood	(8) Parent		Enterprise	Wing
College (30)			County (40)	Catholic School (14)		Plug-In (25)			(31)
Burnt Mill/			Alyward (18)	Sandringham/ Barnwell-		4Care Leavers			Butterfly
Passmores* (3)				School Refusers* (10)					Digital* (9)
72			106	60		93			129

	Have low educational attainment				37
	Young carer				18
10	Have been excluded from school or at	risk ofexclusion
	Have been referred by their school or	another service as	being vulnerable
12	Have a mental health issue (including	depression)			74
13	Are known to be involved in substance	misuse (vaping)
	Learning disability				76
15	Traveller Status
16	At risk ofsexual exploitation				24
17	Living in an area ofdeprivation
18	Have an eating disorder
19	School Refusal
20	Low Attendance Levels				25
21	At risk ofDomestic Violence
22	A victim of Domestic Violence
23	Are known to be involved in gambling	or from a household	ofgambling	issues
	At risk of being homeless or currently	homeless
25	Living in Housing that is classed as overcrowded
26	Self harm and suicidal thoughts
Other	Low confidence, anxiety and self esteem				105
Other	Poor choices and challenging behaviour				24
Other	Bullying and harassment (including cyber bullying)

		Unrestricted	Restricted
		funds	funds	Total funds	Totalfunds
		2023	2023	2023	2022
	Notes
INCOMING FUNDS
Income from:
Donations and grants	4	53,494		53,494	86,251
Charitable activities	5		118,338	118,338	80,213
TOTAL INCOMING RESOURCES		53,494	118,338	171,832	166,464
RESOURCES EXPENDED
Raising Funds	6	15,336		15,336	15,986
Charitable activites	7	58,079	122,143	180,222	143,629
TOTAL RESOUCES EXPENDED		73,415	122,143	195,558	159,615
NET INCOMING RESOURCES FOR
THE YEAR		-19,921	-3,805	-23,726	6,848
RECONCILIATION OF FUNDS
Total Funds Bought Forward		3,745	86,225	89,970	83,122
TOTAL FUNDS CARRIED FORWARD		-16,176	82,420	66,244	89,970

					2023	2022
Income					171,832	166,463
Net gains on	investments
Interest and	investment	income
Gross income	forthe year				171,832	166,463
Expenditure					195,558	159,615
Depreciation	and charges		for impairment	offixed assets
Total expenditure for the			year		-23,726	6,848
Net (expenditure)/income			before tax for	the year	-23,726	6,848
Net (expenditure)/income			for the year		-23,726	6,848

Balance Sh	eet fort	he year ended 31March 2023
			Notes	2023	2022
				6
Fixed Assets
Tangible Assets
Current Assets
Debtors			10	100	2,000
Other Debtors			10		5,486
Cash at bank	and in	hand		75,572	87,616
				75,672	95,102
Creditors - Amounts		falling due within one year		-9,428	-5,132
Net Current	Assets			66,244	89,970
Total assets	less current liabilities			66,244	89,970
Total assets	excluding pension asset or liability			66,244	89,970
FUNDS
Unrestricted	Income	Funds	12	66,304	86,225
Restricted Income Funds			12	-10,060	-6,255
Reserves			12	10,000	10,000
				66,244	89,970

			2023	2022
			f	f
Cash flows from operating	activities		-23,726	6,848
Net (expenditure)/income	per Statement	of Financial Activites
Adjustments for:
Dividends, interest and	rents from investments
(Increase)/Decrease in trade and other		receivables	-1,800	6,286
Increase in trade and other payables			16,382	-2,543
Net cash (used in)/provided	by operating	activities	14,582	3,743
Cash flows from investing	activities
Dividends, interest and	rents from investments
Net cash from investing activities
Cash flows from financing	activities
Repayment of borrowing
Net cash from financing activities
Net (decrease)/increase in	cash and cash equivalents		-9,144	3,105
Cash and cash equivalents	at the beginning	ofthe year	87,616	84,511
Cash and cash equivalents	at the end ofthe year		78,472	87,616
Components ofcash and cash equivalents
Cash and bank balances			75,572	87,616
			75,572	87,616

		Unrestricted	Restricted
		funds	funds	Total funds
		2022	2022	2022
Income from:
Donations	and grants	73,065	13,186	86,251
Charitable	activities	19,730	60,483	80,213
Total		92,795	73,669	166,464
Expenditure	on:
Raising funds		15,986		15,986
Charitable	activites	103,762	39,867	143,629
Total		119,748	39,867	159,615
Net (expenditure)/income		-26,953	33,801	6,848
Reconciliation	ofdunds:
Total Funds Bought Forward		30,698	52,424	83,122
Total funds carried forward		3,745	86,225	89,970

4	Income from donations	and grants	and grants
					Unrestricted	Restdicted	Total	Total
							2023	2022
							E	E
	Donations &f5,000				20,074		20,074	26,962
	The Edward Gostling	Foundation						5,000
	The Haramead Trust				10,000		10,000
	The Hillcote Trust				5,000		5,000	5,000
	Charities Aid foundation				8,000		8,000	10,000
	Sutton Place Foundation				5,000		5,000
	Grants &65,000				5,420		5,420	760
	Job Retention Scheme (HMRC)							160
	Broxbourne Council							5,000
	Eastern Counties Educational		Trust					10,000
	People's Health Trust							10,183
	Essex Community Foundation							13,186
					53,494		53,494	86,251
5	income from charitable	activites
					Unrestricted	Restricted	Total	Total
							2023	2022
					6	E	E	E
	Charity Projects							19,730
	Children in Need —Large	Grant				46,245	46,245	34,836
	Children in Need —Small	Grant				9,966	9,966	9,966
	People's Health Trust —Fatherhood					1,736	1,736
	Groundwork UK - Comic	Relief						1,510
	Hertfordshire Community	Foundation		—ACE Jubilee		9,815	9,815	4,921
	Hertfordshire Community	Foundation		—Large Grant		4,950	4,950	4,921
	Hertfordshire Community	Foundation		—PCC		4,964	4,964	4,921
	Lawrence Atwell Charity							9,250
	Lowewood					1,817	1,817
	Meridian Water					38,845	38,845
						118,338	118,338	90,055

6	Expenditure	Expenditure	on raising funds	on raising funds
					Unrestricted	Restricted		Total	Total
								2023	2022
								f	f
	ITSoftware		and Consumables		695			695	1,849
	Project Rescources				13,667			13,667
	Advertising		and Marketing		974			974
					15,336			15,336	1,849
7	Expenditure		on charitable	activities
					Charitable	Support	fk
					Activities	Governance		Total	Total
								2023	2022
								f	f
	Accountancy		fees			3,240		3,240	3,240
	Bank fees					131		131	125
	Charitable	Donations							36
	Independent		Examination			360		360	360
	Insurance					1,629		1,629	1,521
	Lega I fees								35
	Premises costs					2,160		2,160	5,222
	Project Rescources				143,530			143,530	112,724
	Staffcosts (Note 8)				23,025	4,253		27,278	31,350
	Subscriptions					116		116	260
	Telephone					1,490		1,490	2,474
	Travel and	subsistence				288		288	318
					166,555	13,667		180,222	157,665
8	Staff costs
								Total	Total
								2023	2022
								f	f
	Salaries and		wages					23,025	30,905
	Social security costs							2,962
	Pensions costs							784
								26,770	31,350

9	Tangible fixed assets
	Cost or revaluation
	At 1April 2022		20,523		20,523
	At 31March 2023		20,523		20,523
	Depreciation and impairment
	At 1April 2022		20,523		20,523
	At 31March 2023		20,523		20,523
	Net book value
	At 1April 2022
	At 31March 2023
10	Debtors		2023		2022
			f		f
	Trade debtors		100		2,000
	Other Debtors (HMRC)				5,486
			100		7,486
11	Creditors		2023		2022
			f		f
	Trade creditors		9,428		5,132
	Other taxes and social security
			9428		5,132
12	Movement in funds	At 1April 2022	Incoming	Rescources	At 31March
			resources	expended	2023
			(including other
			gains/losses)
		f	f		f
	Restricted funds:	-6,255	118,338	-122,143	-10,060
		-6,255	118,338	-122,143	-10,060
	Unrestricted funds:
	General funds	86,225	53,494	-73,415	66,304
	Reserves	10,000			10,000
		96,225	53,494	-73,415	76,304

Income from donations and grants	Income from donations and grants	Income from donations and grants			Unrestricted	Restricted
					funds	funds	Total	Total
							2023	2022
					f	E		E
Income from:
Donations
Donations &E5,000					20,074		20,074	26,962
The Haramead Trust					10,000		10,000	5,000
The Hillcote	Trust				5,000		5,000	5,000
Sutton Place	Foundation				5,000		5,000	10,000
Charities Aid	Foundation				8,000		8,000	10,000
Grants
Grants &E5,000					5,420		5,420	760
Job Retention Scheme		(HMRC)						160
Broxbourne	Council							5,000
Eastern Counties Educational			Trust					10,000
People's Health Trust								10,183
Essex Community Foundation								13,186
					53,494		53,494	96,251
Charitable activities
Charity Projects								19,730
Children in Need	—Large Grant					46,245	46,245	34,836
Children in Need	—Small Grant					9,966	9,966	9,966
Hertfordshire Community		Foundation		—ACE Jubilee		9,815	9,815
Hertfordshire Community		Foundation		- Large Grant		4,950	4,950	4,921
Hertfordshire Community		Foundation		—PCC		4,964	4,964
Lawrence Atwell	Charity							9,250
Lowewood						1,817	1,817
Meridian Water						38,845	38,845
People's Health Trust - Fatherhood						1,736	1,736
						118,338	118,338	58,973
Bank interest
Total income					53,494	118,338	171,832	166,463

Income from donations	Income from donations	and	and	grants					Unrestricted	Restricted
									funds	funds	Total	Total
											2023	2022
											E	E
Expenditure on:
Core Costs									3,147	4,339	7,487
Children in Need	-	Large		Grant						41,851	41,851	900
Children in Need	—Small			Grant						3,454		2,824
Essex Community	Foundation									4,237	4,237	482
Groundwork UK —Comic				Relief								583
Hertfordshire Community				Foundation			—ACEJubilee			7,532	7,532
Hertfordshire Community				Foundation			-Other			1,510	1,510
Lawrence Atwell	Charity									1,749	1,749	502
Lowewood										1,549	1,549
Meridian Water'										24,442	24,442	502
People's Health Trust			- Girls Space									281
People's Health Trust			—Fatherhood							8,455	8,455
Project Resources,		Consulting			and	Freelancers			54,932		54,932	103,762
UK Youth												2,740
									58,079	99,118	157,197	112,724
Governance costs:
Accountancy fees									3,240		3,240	3,240
Independent Examination									360		360	360
									3,600		3,600	3,600
Employee costs:
Salaries and wages										23,025	23,025	30,905
Employers NIC									2,962		2,962
Pensions costs									784		784	445
Staff training									508		508
									4,253	23,025	27,278	31,350
Motor and travel costs
Travel and subsistence									288		288	318
									288		288	318
General administrative		costs, including				depreciation		and	amortisation
Advertsing and Marketing									974		974	101
Bank fees									131		131	125
Charitable Donations												36
Insurance									1,629		1,629	1,521
ITSoftware and Consumables									695		695	1,849
Legal fees												35
Premises costs									2,160		2,160	5,222
Subscriptions									116		116	260
Telephone									1,490		1,490	2,474
									7,195		7,195	11,623
Total expenditure									73,415	122,142	195,558	159,615
												Page 35

Net (expenditure)/income		-19,921	-3,804	-23,726	-6,338
Net (expenditure)/income	before other gains/(losses)	-19,921	-3,804	-23,726	-6,338
Other Gains
Net movements in funds		-19,921	-3,804	-23,726	-6,338
Reconciliation offunds:
Total funds bought forward		96,225	-6,255	89,790	89,790
Total funds carried forward		76,304	-10,060	66,244	89,790