2020-12-31-accounts - Key4life CIO

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				Pacae
Contents
Reference	and Administrative		Details
Trustees'	Annual Report			3-9
Independent Examiner's		Report to the Trustees		10
Statement	ofFinancial Activities
Balance Sheet				12
Statement	ofCashflows
Notes to the Financial Statements				14 —30

Trustees		P Sternberg SCarmel			(Chair)
		YCorbett
		D Headley
		L Healy
		CJames
		SRustom
Principal office and Registered Office		55 South Africa Road
		White City
		London
		W12?PA
Chief Executive		EHamilton		MBE
Independent	Examiner	Michelle Fenis FCA DChA
		Albert Goodman			LLP
		Goodwood	House
		Blackbrook		Park	Avenue
		Taunton
		Somerset
		TA1 2PX
Registered	charity number
Bankers		TSBBank
		Market Place
		Somerton
		Somerset
		TA11 ?NB
Solicitors		Jayes Collier		LLP
		Eaiing Studios
		Ealing Green
		London
		WE5 5EP

			Unre- stricted	Rest~cted	2020	Unre-	Rest- ricted	2019
		Note	Funds	Funds	Total	Funds	Funds	Total
Income from:
Donations and general grants		2	294,379		294,379	318,959		318,959
Charitable activities		3	123,882	397,234	521,116	-	1,082,11 3	1,082,113
Other trading activities		4	6,277	6,375	12,652	144,425		144,425
Investment income		5	2172		2,172	2,986		2,986
Total income			426,710	403,609	830,319	466,370	1,082,113	1,548,483
Expenditure on:
Raising funds		6	39,012	170	39,182	81,393		81,393
Charitable expenditure		7	370,973	359,536	730,509	328,290	541,379	869,669
Total expenditure			409,985	359,706	769,691	409,683	541,379	951,062
Net income/(expenditure) transfers	before		16,725	43,903	60,628	56,687	540,734-	597,421
Transfer between funds		15	{58,932)	58,932
Net movement in funds			{42,207)	102,835	60,628	56,687	540,734	597,421
Reconciliation offunds
Fund balances at 1January 2020			211,882	615,827	827,709	155,195	75,093	230,288
Fund balances at 31December 2020		15	169,675	718,662	888,337	211,882	615,827	827,709

						Total	Total
						2020	2019
					Notes
Cash flows from operating		activities
Net movements in funds for		the year				60,628	597,421
Adjustments to cash flows	from non-cash		items
Depreciation and amortisation					10	7,182	2,249
Finance income						(2,172)	(2,986)
						65,638	596,684
Working capital adjustments
(Increase)/Decrease in debtors					11	148,765	(435,802)
(Decrease)/Increase in creditors					13	(18,327)	(5,704)
Net cash flow from operations						196,076	155,178
Cash flows from investing		activities
Interest received					5	2,172	2,986
Acquisitions oftangible assets					10	(8,476)	(35,508)
Net cash used in investing	activities					(6,304)	(32,522)
Net increase in cash and	cash equivalents					189,772	122,656
Gash and cash equivalents	at the beginning			of		340,989	218,333
the reporting period
Cash and cash equivalents		at the end	of	the		530,761	340,989
reporting period
Reconciliation ofnet debt:
Cash at bank:
At the start ofthe year						340,989	218,333
Cashflows						189,772	122,656
At the end ofthe year						530,761	340,989

	Unr~trictsd	Restricted	Total	Unre- stricted	Restricted	Total
	funds	funds	2020	funds	funds	2019
Donations		R		R
Other	294,379		294,379	318,959		318,959
	294,379		294,379	318,959		318,959

3 incoming resources from	3 incoming resources from	3 incoming resources from	3 incoming resources from	charitable	activities Restricted
			Un~tricted			Total	Unre- stricted	Restricted	Total
					funds	2020	funds	funds	2019
						R
Anton Jurgens								4,000	4,Q00
Berkley Foundation					10,000	10,000
BFSS								16,734	16,734
Big Lottery Fund* Bristol City Council-	Covid-1 9'			10,00Q		10,0QQ		151,708	151,708
CHK Foundation					50,000	50,000
City Bridge Trust								111,000	111,000
Drapers					30,000	30,000
ESDF ESDF- Home 05ce								20,400 8,545	20,400 8,545
Fishmongers					60,000	60,000
GWR								20,000	20,000
Hammersmith United		Charities						8,000	8,000
HCD Memorial Fund					25,000	25,000		25,000	25,000
Heathrow Community		Trust						19,150	19,150
HMP Brixton"					30,000	30,000		30,QQQ	30,00Q
Home Office*					(5,000)	(5,MN)		5,000	5,000
Garfield Weston				30,000		30,000
IICF Jack's fund					7,500 3,205	7,500 3,205		9,420	9,420
John James								19,200	19,200
John Lyons					22,900	22,900		480	480
Landsec					10,000	1Q,QQQ		7,195	7,195
Leathersellars								60,000	60,000
Linklaters								10,440	10,440
Lloyds Bank								89,995	89,995
London Borough of	Hammersmith		8
Fulham- Covid-1 9*				10,000		1Q,000
London Community	Fund			43,882		43,882
Mercers								4?,969	47,969
MOPAC*								1,000	1,000
Nisbets								30,000	30,000
Paul Hamlyn								60,000	60,000
People's Postcode Trust					19,828	19,828
Rayne Foundation								20,000	20,000
Schroders				30,000		30,000
Sir John Cess Foundation								30,000	30,000
Sony Music					72,310	72,310
Summer Sports Fund								7,880	7,880
Swire Tom's Trust								40,000 4,950	40,000 4,950
Troubled Families Fund					10,729	10,729		49,QQQ	49,000
Whirlwind Charitable		Trust						6,972	6,9?2
Carried forward				123,882	346,472	470,354		914,038	914,038

	Unacted	Restricted	Total	Unre- stricted	Restricted	Total
	funds	funds	2020	funds		2019
Brought forward	123,882	346,472	470,354		914,038	914,038
William Waites Wormwood Scrubs Young Londoner's Fund VRU Seed Fund Individually under 85k		47,962 2,800	47,962 2,800		45,000 20,000 71,943 16,988 14,144	45,000 20,000 71,943 16,SBB 14,144
	123,882	397,234	521,116		1,082,113	1,082,113

		Unr~trlcted	Restricted	Total	Unre- stricted	Rest-rlcted	Total
		funds		2020	funds	funds	2019
				R	R	R
Summer	Bali				135,233		135,233
Burger Venture		6,277	6,375	12,652	9,192		9,192
		6,277	6,375	12,652	144,425		144,425

		Un~tricted	Restricted		Unre-	RestWcted	Total
		funds		2020	funds	funds	2019
Bank	interest	2,1?2		2.172	2,986		2,986

			Unredacted	Restricted	Total	Unre- stricted	Restricted	Total
				funds	2020	funds	funds	2019
						E
Summer	ball					68,791		68,791
Corporate	engagements		13,915	94	14,009
Other fundraising		costs	25,097	76	25,173	12,602		12,602
			39,012-	170	39,182	81,393		81,393

			Unres-trlcted	Respected	2020	Total		Respected	2019 Total
Program delivery
Staff costs			109,287	162,684	271,971		70,817	213,259	284,076
Project costs			40,630	63,624	104,254		?6,256	124,693	200,949
Support costs
Staff costs				113,640	149,480		59,821	180,141	239,962
Administration		and
consultancy			138,040	12,478	150,518		81,295	13,064	94,359
Premises			23,694	7,110		30,804	29,690	10,222	39,912
Depreciation			6,816			6,816	2,249		2,249
Governance	costs
Auditor's remuneration							6,600		6,600
independent		Examiner's fee	810			810	1,562		1,562
Accountancy		and other	2,670			2,670
Exceptional	item
Payment by	deception		13,186			13,186
			370,973	359,536	730,509		328,290	541,379	869,669

				2019
Wages and	salaries		306,386	338,477
Employer's	Nl		25,760	33,083
Pension contributions			5,186	5,615
Self employment		costs	84,119	146,863
			421,451	524,038

2020	2019
number	number

	2020	2019
ls stated after charging:
Depreciation	7,182	2,249
Operating leases - property	23,632	22,895
Operating leases - other	4,269	10,564
Auditor's remuneration		6,60Q
Independent Examiner Fee	810
Accountancy fees	2,670	1,200

		Office	Motor
	Furniture	Equipment	Vehicles	Total
	R.
Cost
As at 01 January 2020	30,544	10,109	8,940	49,593
Additions		1,851	6,625	8,476
As at 31 December 2024	30,544	11,960	15,565	58,069
Depreciation
As at 01 January 2020	1,682	6,041	1,333	9,056
Charge for year	2,878	1,458	2,846	7,182
As at 31December 2420	4,560	7,499	4,179	16,238
Net book value
As at 31 December 2020	25,984	4,461	11,386	41,831
As at-31 December 2019	28,862-	4,068	7,607	40,537

11	Non current ass	ets: De	btors
				2020 f.	2019f
	Accrued income				109,093
	Accrued income	included	within non current assets relates to multi year grants due over		one year.
	Current assets:	Debtors
				2020	2019
	Trade debtors			51,238	31,119
	Other debtors			1,880	1,880
	Prepayments	and accrued income		292,584	352,375
				345,702	385,374
12	Cash at bank and in hand
				2020	2019
	Cash in bank	and in hand		530,761	340,989
				530,761	340,989

									2020	2019
									K
	Trade creditors								10,234	19,63S
	Other creditors								1,405	1,845
	Accruals	8 deferred	income						7,985	13,025
	PAYE and social security								10,333	13,775
									2S,SST	48,284
	Deferred	income
									2020	2019
	Deferred	income at	01	January 2020						30,099
	Released	from previous		years						(30,099)
	Resources deferred		in	the	year
	Deferred	income at	31	December 2020
14	Financial instruments
	Categoriaatlon offinancial				instruments
									2020	2019
	Financial	assets	that			are	debt	instruments
	measured	at amortised		cost					872,908	831,736
	Financial	liabilities measured				at amortised cost			19,624	34,509
	There are no	items ofincome,				expense, gains or losses to report (2019:none).

				Balance				Balance
				01.0120	Income	Expendituref	Transfers	31,12.20
General unrestricted			funds	211,882	426,710	(409,985)	(58,932)	169,675
Total unrestricted		funds		211,882	426,710	(409,985)	(58,932)	169,675
Restricted funds
Donations					2,800	140		2,940
Berkeley Foundation					10,000	(38,254)	28,254
BFSS				1,648				1,648
Big Lottery Fund				47,5T1		(12,446)		35,125
CHK Foundation					50,000	(26,365)		23,635
City Bridge Trust				73,361		(6,805)		66,556
Drapers					30,000			30,000
ESDF				12,135		(1,653)		10,482
ESDFHome Oflice				3,287		(4,155)	868
Fishmonger					60,000	(5,495)		54,505
Food Cell						(643)	643
Hammersmith	United		Charities			(25)	25
HCD Memorial	Fund			6,25Q	25,000	(7,154)		24,096
Heathrow Community			Trust	17,350		(4,596)		12,754
HMP Brixton					30,000	(10,670)		19,330
Home Office				5,000	(5,000)	(2,066)	2,066
IICF				9,42Q	T,500	(941)		15,979
Jack's Fund					9,580	(18,491)	8,911
John James				766		(11,214)	10,448
John Lyons					22,900	(1,366)		21,534
Landsec				6,501	10,000			16,501
Leathersellers				60,000		(632)		59,368
Linklaters				10,440				10,440
Uoyds Bank				89,708		(24,0&7)		65,621
Mercers				25,164		(15,627)		9,537
MOPAC				1,000				1,000
Nisbets				20,913		(18,856)		2,057
Paul Hamlyn				44,198		(34,214)		9,984
Carried forward				434,712	252,780	(245,615)	51,215	493,092

		Balance				Baiance
		01.01.20	Income	Expenditure	Transfers	31.12.20
Restricted funds	(continued)
Brought forward			252,780	(245,615)	51,215	493,092
People's Postcode	Trust	(1,500)	19,828	(11,240)		7,088
Rayne Foundation		10,560		(16,331)	5,771
Sir John Class Foundation		26,435		(2,359)		24,076
Sony Music			72,310			72,310
Swire		20,000		(217)		19,783
Troubled Families		49,000	10,729	(13,387)		46,342
VRU Seed Fund		16,988		(18,934)	1,946
William Waites		30,837		(2,122)		28,715
Wormwood Scrubs		9,706		(3,793)		5,913
Young Londoner's	Fund	19,089	47,962	(45,708)		21,343
Total restricted funds		615,827	403,609	(359,706)	58,932	718,662
Total funds		827,709	830,319	(769,691)		888,337

Statement of	funds	-	2019
				Balance				Balance
				01.01.19	Income	Expenditure	Transfers	31.12.19
						R	R
General unrestricted			funds	155,195	466,370	(409,683)		211,882
Total unrestricted		funds		155,195	466,370	{409,683)		211.882
Restricted funds
Anton Jurgens					4,000	{4,000)
Avon 8 Somerset Police					3,000	(3,000)
BFSS					16,734	(15,086)		1,648
Big Lottery Fund				3,000	151,708	(107,137)		47,571
City Bridge Trust					111,000	(37,639)		73,361
ESDF					20,40Q	(8,265)		12,135
ESDFHome ONce					8,545	(5,258)		3,287
Food Cell					1,700	(1,700)
GWR					20,000	(20,000)
Hammersmith	United		Charities		8,000	(8,000)
HCD Memorial	Fund				25,000	(18,750)		6,250
Heathrow Community			Trust		19,15Q	(1,&00)		17,350
HMP Brixton					30,000	(30,000)
Home Office				5,000	5,000	(5,000)		5,000
llCF				9,420	9,420	(9,420)		9,420
John James					19,200	(18,434)		766
John Lyons					480	(480)
Landsec					7,195	(694}		6,501
Leather sellers					60,000			60,000
Linklaters					10,440			10,440
Lloyds Bank				3,200	89,995	(3,487)		89,708
Medlock					2,000	(2,000)
Mercers					47,969	(22,805)		25,164
MOPAC				1,000	1,000	{1,000)		1,000
Nisbets					30,000	(9,087)		20,913
Nottingham					3,416	{3,416)
Paul Hamlyn					60,000	(15,802)		44,198
People's Postcode Trust						(1,500)		(1,500)
Rayne Foundation					20,000	(9,440)		10,560
Sir John Cass	Foundation				30,000	(3,565}		26,435
Souter					3,000	(3,000)
Summer Sports Fund					7,880	(7,880}
Swire					40,000	{20,000)		20,000
Tom's Trust					4,950	(4,950)
Carried forward				21,620	871,182	(402,595)		490,207

			Balance				Balance
			01.01.19	Income	Expenditure	Transfers	31.12.19
					R	R
Restricted funds	(continued)
Brought forward			21,620	871,182	(402,595)		490,207
Troubled Families				49,028	(28)		49,000
Wates Family Trust				1,000	(1,000)
Whirlwind Charitable		Trust		6,972	{6,972)
William Waites				45,000	(14,163)		30,837
Wormwood Scrubs				20,000	{10,294)		9,706
Young Londoner's	Fund			71,943	(52,854)		19,089
VRU Seed Fund				16,988			16,988
Drapers Charitable		Fund	3,000		(3,000)
Leigh Trust			3,000		(3,000)
Rollits			3,000		(3,000)
John Cavanagh JJWicks			5,000 10,000		{5,000) (10,000)
Jacks Fund- Donations			29,473		(29,473)
Total restricted funds			75,093	1,082,113	(541,379)		615,827
Total funds			230,288	1,548,483	(951,062)		827,709

Lloyds Bank Foundation - Togo towards Bristol Office Admin and HMP Guys Marsh costs.
Big Lottery Fund, Reaching Communities -To go towards London At RisK, London Key Mentors, and London Alumni costs.
Jacks Fund —Donations - Togo towards Jack's fund (London burger van).
Leathersellers =Togo towards Brixton programme costs.
City Bridge Trust —Togo towards supporting young men through a prerelease programme at HMP Brixton and providing post release support.
HCD Memorial Fund - To go towards Dave Gardner's salary to deliver emotional resilience session for the
Bristol At Risk programme and HMP Brixton cohort and 5Key Mentors.
HMP Brixton —To go towards supporting 25 young men through a pre-release programme and providing post release support.
Mercers —Tofund support for 180young people through the At Risk programme with workshops. Nisbets -Togo towards the Bristol At Risk programme.
Paul Hamlyn - Togo towards a senior Operations role to support the charity to increase its impact. Sir John Cass Foundation —To go towards supporting participants at HMP Wormwood Scrubs through a pre-release programme and providing post release support.
Swlre —To go towards supporting 2 Bristol At Risk pregramrnes supporting 18 young people in total and train 18mentors.
Troubled Families —To go towards Errol O'Flaherty's salary as a support staff for referred Under 18~ from
Hammersmith and Fulham council for emotionai resilience for them and their families, and to train 7 key
mentors.
William Waites —To go towards Corey Andersons caseworker salary towards supporting the At Risk
programme and providing mentoring support.
Young Londoner's Fund - To go towards activities for school intervention workshops, London At Risk programme and to train 10Key Mentors.
People's Postcode Trust —To go towards Bristol At Risk programme to support 15young men. This fund is overdrawn due to expenditure being incurred prior to confirmation of funds. The funds have been received
post year end to clear out this deficit.
CHK Foundation —A core fund to support 2 x At Risk programmes and training 10 Key Mentors and 30
volunteer mentors.
Drapers —Togo towards the charity's core costs ofdelivering prison rehabilitation programmes in London. Fishmongers - To go towards the HMP Broxton programme to support 25 young men through the
programme.
Berkley Foundation —Togo towards the core fund as part ofCovid=19.
Sony Music —To fund supporting the London At Risk programme.

		Unre- stricted	Restricted	2020	Unre- stricted	Restricted	2019
		funds	funds	Total	funds		Total
Tangible	assets	41,831		41,831	40,537		40,537
Non current assets						109,093	109,093
Current	assets	157,801	718,662	876,463	219,629	506,734	726,363
Current	liabilities	(29,957)		(29,957)	(48,284)		(48,284)
		169,675	718,662	888,337	211,882	615,827	827,?09

	Land		Land
	and		and
	buildings	Other	buildings	Other
			f.
Less than 1 year 2 —5years	752	1,519	752	4,343 1,519
	752	1,519	752	5,862