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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|
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|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.||
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|The Gifted|reached|reached|and engaged|with|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||
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||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)|||||
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|||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|
##
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|||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|
##
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|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|
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|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|