DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
(a company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
For the year ended 31 March 2022
Company Registration Number 08248054
Charity Number 1151739
DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022
| CONTENTS | |
|---|---|
| PAGE | |
| Trustees’ Report | 2 |
| Independent Auditor’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance sheet | 8 |
| Notes forming part of the financial statements | 9 |
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022 TRUSTEES’ REPORT
The Trustees are pleased to present their annual Trustees’ report together with the financial statements of the charitable company for the year ended 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Charity’s Objectives and Activities
The charity's objectives are to advance in life and help young people in secondary and primary education through the provision of support and activities including but not limited to tutoring sessions from teams of volunteer tutors which help them reach their academic potential, develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
During 2021/21, Team Up remain committed to serving their beneficiaries by continuing to deliver tuition programmes to disadvantaged pupils throughout the pandemic displaying resilience during uncertain times. As planned, Team Up adapted their tuition programme to be delivered online during the lockdown periods and to cater for those school partners who were unable to host the programme in person due to social distancing restrictions. Team Up sourced a secure virtual classroom and adopted an enhanced online safeguarding policy to ensure the pupils they tutor received support and feedback to help them continue their progress.
Team Up are now able to offer a fully flexible solution to tutoring which can be delivered by their inspirational volunteer tutors online (both pupil and tutor at home), remotely (tutor not present at the school but accessing the programme online), in-person, all with robust safeguarding, which can be delivered no matter what future social distancing measures occur.
Achievements and Performance
The UK continues to languish at the bottom of international league tables for social mobility and tackling inequality. The pandemic has worsened this issue and the educational attainment gap has increased in recent years. Put simply, there has never been a greater need for Team Up and their services.
Data shows that being from a low-income family puts children and young people at a significant disadvantage in educational attainment and damages their life chances. Team Up works to reduce the widening attainment gap in education by helping underachieving disadvantaged pupils double their expected progress and improve their future prospects. Team Up does this through inspirational volunteer tutors, with the support of qualified teachers. Pupils who receive Team Up tuition progress at a significantly faster pace when compared to their peers.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022 TRUSTEES’ REPORT
Achievements and Performance (cont.)
Team Up places particular focus on education in the form of equalising opportunities and improving access for children from lower income households. All available evidence shows that while successful academic achievement can open doors to a prosperous career and fulfilling life, poor achievement is a key indicator of long-term poverty, deprivation, a criminal record and low waged employment in adulthood, even negatively affecting health outcomes in later life.
Team Up work over an academic school year with approximately 15 partners (schools, other charities and universities) in each term to deliver a 12 week small group tuition programme in maths and English. Their coordinator team recruits volunteers to tutor our pupils. Their programme managers (PMs), all of whom are qualified teachers, train the volunteers and are responsible for managing each programme. The PMs attend each session with the volunteers and liaise with the partner to ensure the programme runs smoothly.
Over the last twelve months, Team Up tutored over 1,000 disadvantaged pupils in maths and English helping them achieve twice the amount of progress in just one term. To date, since Team Up’s inception in 2012, over 10,000 disadvantaged pupils across London received Team Up tuition.
Team Up are dedicated to ensuring their offering genuinely makes a difference to their beneficiaries, and the evidence collected demonstrates the Team Up tuition programme is designed to do just that. Team Up beneficiaries are from low-income backgrounds, who have been identified as at risk of leaving school without meaningful qualifications and, who therefore, have little prospect of progressing onto further education or prosperous employment after formal schooling.
During 2021/22, Team Up delivered 56 programmes tutoring over 1,000 pupils across Key Stage 2, 3 and 4 with school, university and charity partners, by recruiting and training 250 volunteer tutors.
The characteristics of the pupils Team Up tutor are:
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Nearly 2/3 of pupils are in receipt of pupil premium, indicating that they are among the most disadvantaged and many more exhibit indicators of disadvantage such as English as a second language and high mobility.
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52% of pupils were female and 48% were male.
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70% of pupils were from BAME communities
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40% of pupils have English as an Additional Language (EAL) an increase from prior years
Despite the challenges of operating during a pandemic, Team Up pupils continue to make double the expected progress with an average of +0.6 grades of progress over one term (the expected rate is +0.3 grades of progress per term from mainstream teaching alone).
We would like to thank Team Up pupils for remaining dedicated to their studies along with programme partners for ensuring Team Up could continue to deliver tuition programmes in a safe environment to achieve these impactful results.
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TEAM UP FOR SOCIAL MOBILITY LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022 TRUSTEES’ REPORT
Financial Review
The results for the period are set out in the Statement of Financial Activities as detailed on page 7. Principal funding sources are donations and legacies and income from charitable activities: £138,950 (2021: £157,053) and £264,923 (2021: £213,861) respectively.
Total expenditure for the period amounted to £401,648 (2021: £356,813). Costs of charitable activities were £390,981 (2021: £316,370) and costs of fundraising were £10,667 (2021: £40,443). Overall, Team Up recorded a surplus on its activities of £2,225 (2021: £14,101), therefore increasing the closing reserves from £140,395 to £142,620. Team Up continued to meet the reserves policy throughout the year of three months expenditure to be held in unrestricted reserves.
We would like to thank our funders and partners for their continued support.
Reference and Administrative Information
| Company Registration Number | 08248054 |
|---|---|
| Charity Number | 1151739 |
| Registered office | 423 Pill Box |
| 115 Coventry Road | |
| London | |
| E2 6GG | |
| Trustees | Perella Bridgland |
| Michael Connor | |
| Sharla Duncan | |
| Jonathan Goggs | |
| Stewart Niblock, Chair | |
| John Mullins | |
| Paidamoyo Mundora (appointed 29 June 2021) | |
| Natasha Westover (appointed 3 February | |
| 2022) | |
| Independent Examiner | Charlotte Tucker FCA |
| Prime Numbers Accountancy Services | |
| 92 Fountainbridge | |
| Edinburgh | |
| EH3 9QA | |
| Bankers | National Westminster |
| Hornchurch, | |
| Essex RM12 4B |
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022 TRUSTEES’ REPORT
Trustees’ Responsibilities in Relation to the Financial Statements
The charitable company Trustees, who are also Directors of Team Up For Social Mobility Limited for the purposes of Company Law, are responsible for preparing a Trustees annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
S mall company provisions
This report has been prepared in accordance with the special provisions for small companies under part VII of the Companies Act 2006.
Approved by the Trustees and signed on their behalf,
Stewart Niblock, Chair
23 December 2022
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TEAM UP FOR SOCIAL MOBILITY LIMITED
INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS AND TRUSTEES FOR THE YEAR ENDED 31 March 2022
I report on the accounts of the charity for the year ended 31 March 2022, which are set out on pages 9 to 17.
Respective responsibilities of trustees and examiner
The trustees, who are also the directors of Team Up For Social Mobility Limited for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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(i) examine the accounts under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention;
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a) which gives me reasonable cause to believe that in any material respect the requirements;
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i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRSSE) effective 1 January 2015; have not been met; or
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b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Charlotte Tucker FCA
23 December 2022
Independent Examiner
Prime Numbers Chartered Accountants 92 Fountainbridge Edinburgh EH3 9QA
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Statement of Financial Activities including Income and Expenditure Account for the year ended 31 March 2022
| Note Income and endowments Grants and donations 2 Charitable activities 3 Total income and endowments Expenditure Raising funds 6 Programme delivery 6 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 61,806 264,923 326,729 10,667 313,837 324,504 2,225 - 2,225 140,395 142,620 |
Restricted funds £ 77,144 - 77,144 - 77,144 77,144 - - - - - |
2022 Total funds £ 138,950 264,923 403,873 10,667 390,981 401,648 2,225 - 2,225 140,395 142,620 |
2021 Total funds £ 157,053 213,861 370,914 40,443 316,370 356,813 14,101 - 14,101 126,294 140,395 |
|---|---|---|---|---|
The charitable company has no recognised gains and losses other than the results for the year as set out above. All the results of the charitable company are classed as continuing.
The statement of financial activities also complies with the requirements for an income and expenditure account under Companies Act 2006.
The notes on pages 9 to 17 form an integral part of these financial statements.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Balance Sheet as at 31 March 2022
| Note Fixed assets Tangible assets 10 Total fixed assets Current assets Debtors 11 Cash at bank and in hand Total current assets Liabilities 12 Net current assets Total assets less current liabilities 13 Net assets Funds of the charity Restricted income funds 14 Unrestricted funds - general 14 Total charity funds Creditors falling due within one year Creditors falling due after one year |
Unrestricted Funds - General 6,596 6,596 84,941 133,593 218,534 50,010 168,524 175,120 (32,500) 142,620 142,620 142,620 |
Restricted Funds - - - 8,000 3,600 11,600 11,600 - - - - - - |
2022 Total funds £ 6,596 6,596 92,941 137,193 230,134 61,610 168,524 175,120 (32,500) 142,620 - 142,620 142,620 |
2021 Total funds £ 3,600 3,600 34,649 211,860 246,509 67,214 179,295 182,895 (42,500) 140,395 - 140,395 140,395 |
|---|---|---|---|---|
For the year ended 31 December 2022 the company was entitled to exemption from the requirement to have an
audit under section 477 of the Companies Act 2006. No members have required an audit of its accounts for the
year in question in accordance with section 476. The directors acknowledge their responsibility for:
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a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and
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b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for each financial year in accordance with the requirement of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees on 23 December 2022 and are signed on their behalf by:
Perella Bridgland
Treasurer Company number: 08248054 The notes on pages 9 to 17 form an integral part of these financial statements.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
Notes to the Financial Activities for the year ended 31 March 2022
Accounting Policies
Basis of preparation
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard For Smaller Entities (effective January 2015) and the Charities Act 2011, Companies Act 2006 and applicable regulations. The accounts have been prepared on a going concern basis and the trustees believe there to be no maternal uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Funds are classified as either Restricted Funds or Unrestricted Funds, defined as follows:
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the Company without further specified purpose and are available as general funds.
The nature and purpose of each fund is explained in note 14.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
Notes to the Financial Activities for the year ended 31 March 2022
Accounting Policies (cont’d)
Judgements and Estimates
In preparing these financial statements, the Trustees are required to make estimates and assumptions which affect reported income, expenditure, assets and liabilities. Use of available information and judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable.
Income
Voluntary income received by way of grants, donations and legacies is included in full in the Statement of Financial Activities when receivable and the Charity has entitlement. Corporate sponsorship income represents unrestricted income for the provision of access to the Charity's university students for recruitment and engagement and is accounted for when receivable. Income from schools in respect of tutoring services is charged on an annual per head basis when receivable. Gifts in kind are accounted for at a reasonable estimate of their value to the chanty or the amount actually realised. Gifts in kind for sale or distributon are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA. as incoming resources when reasonable. Donated services and facilities are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Expenses
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.
Liabilities are measured on recognition at historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
All expenditure is accounted for on an accruals basis.
Governance costs (which are included as a component of support costs in accordance with SORP) comprise all costs involving the public accountability of the charitable company and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination), strategic management, and other legal and professional fees.
Activity based reporting
To comply fully with the Statement of Recommended Practice would require income and expenditure to be reported by activity. The Trustees are of the opinion that the charitable company’s activities are inter-linked therefore this would be impractical to calculate and would provide no additional benefit to the users of these financial statements. Therefore, no further analysis of income and expenditure is provided within these financial statements.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
TEAM UP FOR SOCIAL MOBILITY LIMITED
Notes to the Financial Activities for the year ended 31 March 2022
Accounting Policies (cont’d)
Fixed Assets and Depreciation
Fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 33.3% straight line Fixtures, fittings and equipment - 20% reducing balance
Debtors
Debtors are measured at their recoverable amounts, being the amount the charitable company anticipates it will receive in settlement of the debt (net of any discounts offered and provision against bad debt). Prepayments are valued at the amount prepaid at the reporting date.
Bank and Cash
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.
Creditors
Creditors are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of economic benefit - generally in the form of a cash payment - to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. If there is an unconditional right to defer payment for more than 12 months from reporting date then they are presented as non-current liabilities.
Leasing and hire purchase
Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.
Pension
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
| 2 Grants and donations Donations and gifts Grants receivable for core activities St Olave’s Foundation Newcomen Collett Foundation Jack Petchey The Grocers Charity FSJ Trust Newby Trust Merchant Taylor Charitable Trust Investec Haberdashers Invesco Cares Jane & Michael Davies Charitable Tuust Aviva Community Fund 0 Awards for All 0 Garfield Weston 0 LCF Joseph Levy Foundation 0 Kasuma Trust 0 NM Rothschild & Sons 0 RSA 0 The Emmanuel Kaye Foundation 0 Bulldog Trust 0 Awards for All 0 The Worshipful Company of Builders Mercha 0 SSE UnLtd 0 |
Unrestricted funds £ 835 60,971 - - - - - - - - - - - - - - - - - - - - - - - 61,806 |
Restricted funds £ - - 1,500 1,000 33,141 5,000 - 10,000 4,500 5,003 2,000 3,000 12,000 - - - - - - - - - - - - 77,144 |
2022 Total £ 835 60,971 1,500 1,000 33,141 5,000 - 10,000 4,500 5,003 2,000 3,000 12,000 - - - - - - - - - - - - 138,950 |
2021 Total £ 18 42,000 - - - - - - - - - - 589 6,832 30,000 6,800 13,469 15,000 2,000 15,000 5,000 500 19,845 157,053 |
|---|---|---|---|---|
Income from grants and donations was £138,950 (2021: £157,053) of which £61,806 was unrestricted (2021: £32,018 ) and £77,144 was restricted (2021: £125,035).
3 Charitable activities
| Grant income: School tutoring services University tutoring services Partnership income CJRS funding |
Unrestricted funds £ 107,040 107,337 47,200 3,346 264,923 |
Restricted funds £ - - - - - |
2022 Total £ 107,040 107,337 47,200 3,346 264,923 |
2021 Total £ 116,067 56,290 - 41,504 213,861 |
|---|---|---|---|---|
Income from charitable activities was £264,923 (2021: £213,861) of which £264,923 was unrestricted (2021: £213,861) and £nil was restricted (2021: £nil).
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
4 Net income
| This is stated after charging: - | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Independent examination fee | 2,400 | 2,280 |
| Operating lease costs | 1,851 | 1,851 |
| Depreciation | 2,229 | 3,453 |
5 Trustees' remuneration and related party transactions
The directors, as trustees, received no remuneration nor reimbursement of expenses in the current or prior year. Natasha Westover is employed in an executive role and her remuneration is included in Note 8.
6 Analysis of expenditure
Costs of raising funds
| Costs of raising funds Staff costs Other fundraising costs |
Unrestricted funds £ 9,900 767 10,667 |
Restricted funds £ - - - |
2022 Total £ 9,900 767 10,667 |
2021 Total £ 39,600 843 40,443 |
|---|---|---|---|---|
Costs of raising funds was £10,667 (2020: £40,443) of which £10,667 was unrestricted (2021: £40,443) and £nil was restricted (2020: £nil).
Costs of charitable activities
| Charitable expenditure Staff costs Depreciation Travel and volunteers Office costs Premises Accountancy fees Resources and materials Other direct costs Governance costs: Independent examination and statutory accounts |
Unrestricted funds £ 230,021 2,229 11,976 5,690 580 4,848 41,585 14,508 2,400 313,837 |
Restricted funds £ 77,144 - - - - - - - - 77,144 |
2022 Total £ 307,165 2,229 11,976 5,690 580 4,848 41,585 14,508 2,400 390,981 |
2021 Total £ 262,531 3,453 1,267 5,822 5,122 5,000 18,745 12,150 2,280 316,370 |
|---|---|---|---|---|
Costs of charitable activities was £390,981 (2020: £316,370) of which £313,837 was unrestricted (2021: £191,335) and £77,144 was restricted (2021: £125,035).
7 Taxation
The charitable company is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
8 Staff costs
| Staff costs comprise: Salaries and wages Social security costs Pension cost |
2022 £ 288,206 23,104 5,755 317,065 |
2021 £ 280,126 17,669 4,336 302,131 |
|---|---|---|
The total remuneration paid to key management during the year, including salary and employer’s pension and national insurance contributions, was £50,955 (2021: £81,290).
The average monthly number of employees on a headcount basis during the period was:
| Programme delivery Support staff |
2022 Number 7 1 8 |
2021 Number 6 2 8 |
|---|---|---|
No individual staff member received more than £60,000 in either the current and prior year.
9 Pensions
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £5,755 (2021: £4,336).
10 Tangible fixed assets
| Tangible fixed assets | ||
|---|---|---|
| Cost/valuation | £ Fixtures and equipment |
|
| As at 1 April 2021 | 17,400 | |
| Additions | 5,225 | |
| Disposals | - | |
| As at 31 March 2022 | 22,625 | |
| Depreciation | ||
| As at 1 April 2021 | 13,800 | |
| Charge for the year | 2,229 | |
| As at 31 March 2022 | 16,029 | |
| Net book value | ||
| As at 31 March 2022 | 6,596 | |
| As at 31 March 2021 | 3,600 |
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
11 Debtors
| Trade debtors Accrued income Prepayments 12 Creditors falling due within one year Bank loan Trade creditors Other taxes and social security Other creditors Accruals Deferred income 13 Creditors falling due after one year Bank loan 14 Movement in funds Unrestricted funds General fund Restricted funds Internship Newham Tuition Southwark Tuition Investec Total Funds West London Tuition |
As at 1 April 2021 £ 140,395 140,395 - - - - - - 140,395 |
Income £ 326,729 326,729 33,141 5,000 9,000 5,003 25,000 77,144 403,873 |
Expenditure £ (324,504) (324,504) (33,141) (5,000) (9,000) (5,003) (25,000) (77,144) (401,648) |
2022 £ 56,751 35,431 759 92,941 2022 £ 10,000 11,890 6,442 1,406 5,772 26,100 61,610 2022 £ 32,500 32,500 Transfers £ - - - - - - - - - |
2021 £ 31,886 - 2,763 34,649 2021 £ 7,500 - 9,163 753 15,769 34,029 67,214 2021 £ 42,500 42,500 As at 31 March 2022 £ 142,620 142,620 - - - - - - 142,620 |
|---|---|---|---|---|---|
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
14 Movement in funds (cont.)
----- Start of picture text -----
As at As at
31 March
1 April 2020 Income Expenditure Transfers 2021
£ £ £ £ £
Unrestricted funds
General fund 126,294 245,879 (231,778) - 140,395
126,294 - - - -
Restricted funds
A&B Sainsburys - 10,000 (10,000) - -
Aviva Community Fund - 589 (589) - -
Awards for All - 6,832 (6,832) - -
Garfield Weston - 30,000 (30,000) - -
LCF Joseph Levy Foundation - 6,800 (6,800) - -
Kasuma Trust - 13,469 (13,469) - -
NM Rothschild & Sons - 15,000 (15,000) - -
RSA - 2,000 (2,000) - -
The Emmanuel Kaye Foundation - 15,000 (15,000) - -
Bulldog Trust - 5,000 (5,000) - -
The Worshipful Company of
Builders Merchant - 500 (500) - -
SSE UnLtd - 19,845 (19,845) - -
- 125,035 (125,035) - -
Total Funds 126,294 125,035 (125,035) - -
----- End of picture text -----
----- Start of picture text -----
Fund purposes:
Unrestricted funds:
General fund Represents the general giving and expenditure of the charity.
Restricted funds:
Internship Funds were received from Jack Petchey to finance two interns who supported delivery of the
programmes. They have been fully spent in the year.
Newham Tuition Funds were received from The Grocer's Charity to provide a tuition programme in Newham
along with our charity partner. They have been fully spent in the year.
Southwark Tuition Funds were received from St Olave's Foundation, Newcomen Collet, Merchant Taylor
Charitable Trust and Haberdashers to provide a tuition programme in Southwark along with
our charity partner. They have been fully spent in the year.
Investec Funds were received from Investec to help finance our Rising Leaders programme. They have
been fully spent in the year.
West London Tuition Funds were received from Newby Trust, Invesco Cares and Jane & Michael Davies Charitable
Trust to provide a tuition programme in West London along with our charity partner. They
have been fully spent in the year.
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DocuSign Envelope ID: 0B1648E8-C196-4D0B-B59E-2D56EEE81609
Team Up for Social Mobility Limited
Notes to the Financial Statements for the year ended 31 March 2022
Fund purposes (cont.):
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A&B Sainsburys Funds were received from A&B Sainsbury to provide a tuition programme in Southwark. They
have been fully spent in the prior year.
Aviva Community Fund These funds were received to deliver an enrichment programme for disadvantaged pupils.
They have been fully spent in the prior year.
Garfield Weston Funds were received to assist with funding a new project manager with responsibility for
activities in Kent, Essex and Luton. They have been fully spent in the prior year.
LCF Joseph Levy Foundation These funds were received to help fund new technology for online delivery. They have been
fully spent in the prior year.
Kasuma Trust Funds were received to enable recruitment of volunteer tutors for the online programme.
They have been fully spent in the prior year.
NM Rothschild & Sons These funds were received to be enable the delivery of a London-wide tuition programme.
They have been fully spent in the prior year.
RSA These funds were received to be assist with the migration of the tuition programme to an
online platform. They have been fully spent in the prior year.
The Emmanuel Kaye Foundation Funds were received to enable recruitment of volunteer tutors for the tuition programme.
They have been fully spent in the prior year.
Bulldog Trust These funds were received to be assist with the migration of the tuition programme to an
online platform. They have been fully spent in the prior year.
The Worshipful Company of Builders These funds were received to be enable the delivery of the tuition programme. They have
Merchant been fully spent in the prior year.
SSE UnLtd These funds were received to be enable the recruitment of volunteer tutors for Kensington
and Chelsea, SYLA and West London. They have been fully spent in the prior year.
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15 Analysis of Net assets between funds
| Restricted funds Unrestricted funds General As at 31 March 2022 Restricted funds Unrestricted funds General As at 31 March 2021 |
Fixed Assets £ - 6,596 6,596 Fixed Assets £ - 3,600 3,600 |
Net current assets/ (liabilities) £ - 136,024 136,024 Net current assets/ (liabilities) £ - 136,795 136,795 |
Total £ - 142,620 142,620 Total £ - 140,395 140,395 |
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