FOOTBA JOURNE t(mii .114 l/, rustees an Unaudited Financial Statements for the period ended 31st July 2024 England and Wales Charity number:1152450 1 Company Number 08436638
Table of Contents Report of the Trustees Objectives and activities Programmes Achievements and performance Governance and Trustees Reference and administrative details 02 03 05 12 Independent Examiner's Report to the Trustees of Football Journeys 14 Financial Statements statements of Financial Activities 16 Balance Sheet Notes to the Financial Statements 17 18 11 T?
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 31 July 2024. This report covers a longer period than previous years as the Trustees voted to change our financial year end to align with school term dates. This change will enable more accurate projecting, forecasting, and monitoring of the charitys activities. The trustees have adopted the provisions of Accounting 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 i (FRS 102). The charitable company was incorporated on 8 March 2013 and commenced trading on16 October 2013. 4nnual Reporr and Unaudited FinancK]I Stotementsforthe Peri(Kl Ended 31 Juty 2024
Objectives and activities Football Journeys (FJ) is a charity dedicated to uniting young people from diverse backgrounds through shared experiences centred around filmmaking and football. We strive to foster understanding, break down prejudices, and discover commonalities. London presents a stark contrast of realities. While some experience the city as a hub of opportunity and personal development, others find their world confined to a limited geographical area defined by social codes and restricted choices. Within London's landscape, areas of significant deprivation exist alongside pockets of considerable wealth. Our continuous research and engagement with young people reveal that those growing up in disadvantaged communities often feel restricted in their movements beyond their local area. They express anxieties about venturing into unfamiliar environments, and their perceptions of themselves and others from different backgrounds are negatively shaped by isolation and the prevalence of harmful stereotypes. We deliver our provisions through two programmes, the schools and ambassadors programmes.. The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty21>24 02
FJ Programme FJ Schools: The16-week programme creates an inclusive space for young people to share stories, develop, practice, and improve practical and 'human' skills, increase social networks, and expand comfort zones. This, in turn, helps participants develop core emotional and social skills crucial for their personal and social growth. This holistic approach to young people's development introduces opportunities, responsibilities, and experiences that will benefit them later in life. We partner with secondary schools to reach young people in targeted areas of need, and we collaborate with school pastoral staff to identify young people who would most benefit from taking part. Whether they are engaging in disruptive behaviour, struggling with low self-esteem, or facing challenges at home, our programme offers a chance for young people to change their narrative. Upon successful completion, young people earn a nationally recognized Open College Network Level I qualification in 'Active Citizens & Leadership. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 03
Ill. ill I1111 iillwi1lHHlliii 111 "I[IIIIIIIIIIIIIIIIIIIIII !Ilk!!, I Iiiji lllll[I:IIIIIIIIPidljjlll',111 i ji "jij! ji! lllmw Iiiii_- ,IiJij ini'ii>gP ii, 11 11 aiJ[I -Ji 1111 Illl¥Jl Ji FJ Ambassadors Young people who complete the Schools Programme are invited to join FJ Ambassadors, our ongoing legacy programme open to all graduates aged 14-18. This programme fosters continued personal and professional growth through tailored skills sessions, community-building activities, and youth-led social action projects. By connecting young people with industry professionals, we expand their horizons, create pathways to further education and careers, and cultivate lasting relationships with peers from across London. Within this supportive environment, FJ Ambassadors develop their agency and autonomy, co-designing activities that align with their interests and aspirations. Previous initiatives have included employability skills workshops, peer-to-peer mentoring, and impactful presentations to funding bodies. This programme also provides opportunities to earn Level 2 OCN qualifications, further enhancing their skills and credentials. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 04
Achievements and performance The 2023-24 year witnessed significant growth and achievement for Football Journeys. We expanded our reach, deepened our impact, and forged strong partnerships, all while placing young people at the heart of our work. This year we demonstrated a strong commitment to innovation. We successfully integrated human-centred design and technology into programme delivery, ensuring our programmes remain relevant and impactful. We also prioritized building and strengthening partnerships with our current schools, expanded our presence in Southwark and embarked on building a corporate sponsor. The Schools Programme saw173 young people participate across five boroughs. We welcomed new partners, including St Thomas the Apostle School, Compass School, St Michaels Catholic College, and Ark Walworth through the SAFE Southw(Jrk Taskforce, while nurturing existing relationships with esteemed institutions like Hammersmith Academy, Kensington Aldridge Academy, and Hatch End High School. This impactful programme fostered positive changes in young people's lives, enhancing their confidence, teamworK communication, and leadership skills. ENEAGI Annual Reporr w, dffed FirTtl0 05
Notably, 154 young people successfully achieved Level l National Open College Network qualifications in Active Citizens & Leadership. The Ambassadors Programme experienced a transformative year, marked by our first corporate relationship with tech company EquiniK born from a successful workshop, where our ambassadors workshopped and pitched an innovative product to a panel of industry experts. This led to the beginning of a pro-bono development of an FJ app, whilst also providing invaluable real-world industry experience for our young ambassadors. The relationship continues to grow, and to date Equinix has supported the organisation through its global foundation whilst Football Journeys is mutually offering its workforce real tangible experiences in developing community awareness, developing the next generation of the workforce as well as facilitating opportunities for Equinix to work towards its aim of bridging the digital divide. Three Ambassador events were successfully hosted this year, each in partnership with a different corporate entity: EquiniK EE, and Queens Park Rangers. These collaborations not only diversified our funding streams, as outlined in our strategic plan, but also provided invaluable opportunities for participants to gain real-world industry experience and expand their professional networks. We have also started working with Association For Accredited Learning (AAL) as our new accreditation centre, filling the gap from our previous partners Peabody. This relationship has further innovated our approach and implemented much of the learning from our ambassador workshops. AAL is working primarily with us on the schools programme, with plans over the next year to create a new, more relevant Level 2 qualification that better reflects the evolving needs and programme development and aspirations of our ambassadors programme. Looking ahead, we aim to further expand our reach and impact by exploring new opportunities to serve young people in underserved communities. We will continue to cultivate strong school partnerships, ensuring the sustainability of our programmes. In conclusion, the April 2023 - July 2024 period has been a resounding success for Football Journeys. Through innovative programmes, strong partnerships, and an unwavering commitment to young people, we have made a significant positive impact on the lives of many across London. We extend our sincere gratitude to our funders, partners, staff, volunteers, and most importantly, the young people who make our work possible. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 06
Schools Testimonials When I heard we were going to Bermondsey in South London I thought it would be a scary place, but it was actually just like where I live. We have similarities despite being from different places. If I didn't do FJ, I would've been more closed off and reluctant to go to different places and meet different people. They IFJ Coachesl just get us. It's not awkward like other adults. It was surprising how quickly the coaches became a trusted adult for us and we could speak to them about anything. There is a certain reputation around our area - gang violence and knife crime but it's not like that...I liked meeting people from other areas and seeing how different other areas are...FJ has given me a more positive mindset. •*. 4nnual Reporr and Unaudited FinancK]I Stotementsforthe Peri(Kl Ended 31 Juty 2024 07
41 14 Ambassadors Testimonials I'm working on a new prototype for the FJ qualification booklet. I'm really enjoying working and collaborating with friends some old and some new from FJ. It's increasing my confidence and expanding my perspectives by hearing from other people and adding to mine. We learnt about how to pitch - how to do an introduction, use inclusive language, persuasive tools and visual image - I now know how to talk in interviews and to new people. I gained more confidence in myself and interacting with other people. Confidence starts with yourself - once you have confidence in yourself other people will start seeing it as well. 4nnual Reporr and Un(Judited FinancK]I St(Jtementsforthe PerKxl EtKled 31 Juty21>24 08
In numbers In 2023-24, 173 young people took part in FJ activities, 154 completed the FJ Schools programme, with 24 participants engaging as our Ambassadors. Through collecting baseline data and feedback from young people who completed the programme and teachers from our partner schools we found.. of young people demonstrated improved confidence. of young people demonstrated improved team working skills. of young people demonstrated improved communication skills. of young people demonstrated improved leadership skills. of young people said they felt more positive about their community. of young people said they were more open-minded to views of people different to them. of young people said they now considered the feelings of others more. of young people said they improved their creative skills (film- making, photography, storytelling). Innual Reporr and Un(Judited Financk]I Statements forthe Peri(Kl Ended 31 Juty 2024 09
Financial Review Football Journeys experienced a period of growth in the period ending 31 July 2024, with a corresponding increase in expenditure, driven by our commitment to expand our charitable programmes and impact. The charitys total income increased significantly to £263,963 (2023: £150,184). This was mainly due to a rise in grant funding and income from our charitable activities towards the Safe Southwark Taskforce project. Expenditure also rose to £269,099 (2023.. £124,429), reflecting the increased investment required in our core programmes as a result of the Safe Southwark Taskforce grant. This includes a substantial increase in staffing costs for delivering our programmes. The Trustees also decided to change the accounting period to July 2024 to align with the end of the school year. As a resulL there is a net deficit of £5,136 for the period ending 31 July 2024 compared to a net surplus of £25,755 in 2023. This will help with our planning and fundraising efforts in future periods. The 2023 comparatives therefore relate to a shorter period of 12 months compared to 16 in the period under review. Risks: The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Safeguarding is a major consideration when working with young people. As part of FJ'S online programme design, we developed a new set of safeguarding policies and procedures, online risk assessment, digital parentlcarer consent form, a student online behaviour policy and code of conduct for digital engagement, all of which align appropriately with the varying policies of our school partners. The policies and procedures have been signed off by each of our school partners and are reviewed on an ongoing basis and adapted as necessary to ensure they remain appropriate and effective, as well as being shared with parentslcarers. Sobia Sultana, a safeguarding specialist, stepped down from FJ'S Board of Trustees in August 2023, and we have appointed Rafael Alleyne as our safeguarding trustee. Raf is reviewing our safeguarding policies and procedures on an ongoing basis to ensure they are in line with best practice standards. Reserves Policy: The Trustees have set a free reserves target of 2 months, running costs, which amounts to £18,000 and is considered to provide suff icient flexibility to cover temporary shortfalls in income and allow the charity to cope and respond to unforeseen events whilst specific action plans are implemented. Our current unrestricted reserves are £27,012 which equates to1.5 months of the organisation's average monthly expenditure. Trustees monitor the reserves and cash flow monthly to ensure the charity remains a going concern. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 10
Going Concern: The trustees are confident that the charity and its funds are managed prudently, given the resources available, and have prepared the accounts based on the going concern basis. We remain dedicated to our mission and believe that Football Journeys is well-positioned to make a positive and lasting impact on the lives of young people. Structure. Governance and Management The charity is controlled by its governing document, the Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The charity is also a registered charity with the Charities Commission. The trustees , who are also directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were.. Trustees Dates appointed lan Reeves (Chair) Christopher Holmes, ACCA (Treasurer) Rafael Alleyne Pablo Blackwood 8th November 2024 13th October 2021 13th August 2023 20th March 2024 Yasmin Amevor 13th December 2023 Mark Mccormack ioth December 2024 Charlene Gavesande 10th December 2024 Trustees Dates resigned 6th October 2024 Emmanuel Akinmolodun Nicola Pollock Ilth December 2024 Matthew Collins 13th August 2024 13th August 2023 Sobia Soltana None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024
Reference and administrative details Registered Company no. 08436638 (England and Wales) Registered Charity no. 1152450 Independent examiner: Sedulo London Limited 605 Albert House 256-260 Old St London ECIV 9DD Registered office 20 Wenlock Rd. London Nl 7GU Approved by order of the board of trustees and signed on its behalf by: lan Reeves (Chair of Trustees). 16104125 Date Annual ft6POrt ond unoudi18d vinortl StOl8mwts lor the PerKKJ End1 31 Aty2024
FOOTBA JOURNE pendent Examiner's Report to the Trustees of Football Journeys England and Wales Charity number:1152450 1 Company Number 08436638
I report to the trustees on my exominotion of the financial statements of Football Journeys (the charity) for the period ended 31 July 2024. Rosponslbllltlas and basls of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preporation of the financiol statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the chariws financial stotements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountonts, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records,. or the financial stotements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part ot an independent exominotion,. or the financial statements have not been prepared in accordance with the methods ond principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financiol statements in occordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Sedulo London Limited Office 605 Albert House 256 - 260 Old Street London ECIV 9DD Emma Houghton FCCA United Kingdom Date.. 2910412025 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 14
FOOTBA JOURNE Financial Statements England and Wales Charity number:1152450 1 Company Number 08436638
statement of Financial Activities Including Income and Expenditure Account for the Period Ended 31 July 2024 Unrestricted Restricted funds 2024 funds 2024 Total Unrestricted Restricted 2024 funds 2023 funds 2023 Total 2023 Not8S Income from: Donations and legacies Charitable activities 98,366 80.847 84,750 183,116 80B47 66,004 16,250 67,930 133,934 16,250 Total income 179.213 84.750 263.963 82.254 67,930 160.184 Expenditure on: Raising funds Charitable activities 11.0 176,651 9.304 20.375 72073 248,724 2,625 74,561 525 46,718 3,150 121,279 Total expenditure 187.n2 81.377 269.099 77.186 47.243 124,429 Net Incomel(expendlture) and movement in lunds (8.509) 3,373 (5.136) 5,068 20,887 25,755 Reconclllatlon ol lunds: Fund balances at l April 2023 35.621 25.650 61.071 30.463 4.863 36.316 Fund bolonces at 31 July 2024 27.012 28.923 55.935 35.521 25.SSO 61,071 The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 16
Balance Sheet As at 31 July 2024 2024 2023 Notes Fixed assets Tangible assets 1587 Current assets Debtors Cash at bank and in hand 12 7,488 47,360 810 61,681 54,848 (1.500) 62.491 (1,420) Creditors: amounts falling due within one year 13 Net current assets 53,348 61,071 Total assets less current liabilities 55.935 61.071 The funds of the charity Restricted funds Unrestricted funds 14 15 28.923 27,012 25,550 35,521 55.935 61.071 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 31 July 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to occounting records and the preporation of finonciol statements. The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions opplicoble to companies subject to the small companies regime. 16104125 The financial statements were approved by the trustees on ......................... lan Reeves Christopher Holmes ACCA Treasurer Chair Company registration number 08436638 (England and Wales) 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024
Notes to the Financial Statements for the Period Ended 31 July 2024 Accounting policies Charity information Football Journeys is a private company limited by guarantee incorporated in England and Wales. The registered office is 20 Wenlock Road, London. Nl 7GU. United Kingdom. l.l Reporting period The financial stotements have been prepared to cover 0 16-month period. This is os o result of the charity moving its accounting reference date to 31 July from 31 March and consequently extending the period originally due to end on 31 March 2024 to 31 July 2024. This change has been made in view of the fact that the charity works predominantly with young people and schools and will therefore benefit operationolly from aligning its reporting periods to the school year. 1.2 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP -Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stondard applicable in the UK and Republic of Ireland (FRS 102).. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary omounts in these financial statements ore rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.3 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has odequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopi the going concern basis of accounting in preparing the financial statements. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 18
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 1.4 Charitable funds Unrestricted funds are avoiloble for use at the discretion of the trustees in furtherance of their charitable objectives Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.5 Income Income is recognised when the chority is legally entilled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the chority has been notified of the donation, unless performance conditions require deferral of the amount. Donated professional services and donated facilities are recognised as income when the charity has control over them, any conditions associated with the donated item have been meL the receipt of economic benefit from the use by the charity of the item. is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services and donated facilities ore recognised on the bosis of the value of the gift to the chority which is the amount the chority would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligotion to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllemenL and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each octivity. Direct costs attributable to o single octivity are allocated directly to that activity- Shared costs which contribute to more than one activity ond support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 19
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 1.7 Tangible fixed assets Tangible fixed assets ore initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their usef ul lives on the following boses.. Equipment 25°A on cost The gain or loss arising on the disposal of an asset is determined as the diff erence between the sole proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Impoirment ot fixed assets At each reporting end date, the charty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those ossets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.9 Cash and cosh equivolents Cash and cash equivalents include cosh in hond, deposits held ot coll with bonks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, ond Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offseL with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the osset and settle the liability simultaneously. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 20
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 Basic linancial ossets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic f inancial liabilities Basic financial liabilities, including creditors and bonk loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments ore subsequently carried at amortised cost, using the effective interest rote method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition ot f inancial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 2 Income from donations and legacies Unrestricted Restricted Total Unrestricted Restricted funds 2024 funds 2024 2024 funds 2023 funds 2023 Total 2023 Donations Gift aid Grants Donated goods and services 4.447 4,447 14,148 156 14,148 156 92,419 1,500 84,750 177.169 1.500 50,500 1200 67,93D 118,430 1,200 98A66 84.750 183,116 66.004 67,930 133.934 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 21
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 3 Income from charitable activities Unrestricted funds 2024 Unrestricted lunds 2023 Programmes Contracts School contributions 73,347 7,500 10,000 6,250 80.847 16.250 4 Expenditure on raising funds Unrestricted Restricted Total Unrestricted Restricted Total funds 2024 funds 2024 2024 funds 2023 funds 2023 2023 Raising funds Fundraising consultants .0 9.304 20.375 2.625 525 3.150 5 Expenditure on charitable activities Progrommes Programmes 2024 2023 Direct costs Staff costs Depreciation and impairment Communications and digital marketing Freelance staff 13,543 1,294 9,849 4,678 49,814 6,940 Event ond activity expenses Facilitators Insurance Online platforms and website Sundries 18,222 3,463 141,919 86,915 575 412 721 881 685 864 Training Telephone Travel Accreditation 275 503 632 56 3,852 227.206 118.887 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 22
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 Share of support and governonce costs (see note 6) Progrommes 2024 Progrommes 2023 Support Governance 20,018 1,500 30 2,362 248,724 121,279 Analysis by fund Unrestricted funds 176,651 72,073 248.n4 74,561 46,718 121.279 Restricted funds 6 Support costs allocated to activities 2024 2023 Bank charges Meeting costs Administrative support Governance costs 45 30 1,500 18,473 1,500 1,220 1,142 21.518 2.392 Analysed between: Programmes 21.S18 2.392 2024 2023 Governance costs Comprise Independent Examination Accountancy 1,500 1,070 72 1.500 1.142 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 23
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 7 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1,500 1,070 1294 8 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period. 9 Employees The average monthly number of employees during the period was: 2024 Number 2023 Number Operations Employment costs 2024 2023 Wages and salaries other pension costs 13,330 213 13.543 There were no employees whose annual remuneration was more than £60,000. The key management personnel of the charity consists of the trustees and the director. The total remuneration received by key management personnel in the year was £44,500. 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 24
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 10 Taxation The charity is exempt from taxation on its octivities becouse all its income is opplied for charitable purposes. 11 Tangible fixed assets Equipment Cost At l April 2023 Additions Disposals 5,487 3,881 (5,4871 At 31 July 2024 3.881 Depreciation and impairment At l April 2023 Depreciation charged in the period Eliminated in respect of disposals 5,487 1,294 15,4871 At 31 July 2024 1.294 Carrying amount At 31 July 2024 2.587 12 Debtors 2024 2023 Amounts falling duewithin one year. Other debtors 287 287 Prepayments and accrued income 7,201 523 7.488 810 13 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,500 1,420 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 25
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations ond grants held on trust subject to specific conditions by donors os to how they may be used. At l April 2023 Incoming resources Resources expended At31 July 2024 John Lyon s Charity 2020-23 John Lyon's Charity 2024-26 Peabody Community Foundation The National Lottery Community Fund 2023 City Bridge Trust 2022-24 Royal Borough of Kensington and Chelsea Go London Fund 2024-26 1.035 (1,0351 (37,775) 11,9831 (1,6671 (25,7771 (8,640) (4,5001 50.000 12,225 1.983 1.667 17,225 20,000 11,448 3,640 5.000 9,750 5,250 22.550 84.750 (81,377) 28,923 Previous year: At l April 2022 Incoming resources Resources expended At 31 March 2023 The Hilden Charitable Fund John Lyon's Charity 2020-23 Peabody Community Foundation The National Lottery Community Fund 2023 City Bridge Trust 2022-24 Royal Borough of Kensington and Chelsea l185 (1,1851 (24,8541 18,806) 18,2631 {2,7751 (1.360) 889 25.000 1,035 2,789 8.000 1,983 9,930 1,667 20,000 17,225 5.000 3,640 4.863 67.930 (47.243) 25.550 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended tlanCeS of donations and grants which are not subject to specific conditions by donors and grantors os to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l April 2023 Incoming resources Resources expended At31 July 2024 General funds 35.521 179.213 (187.722) 27.012 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 26
Notes to the Financial Statements (Continued) for the Period Ended 31 July 2024 15 Unrestricted funds (Continued) Previous year: At l April 2022 Incoming resources Resources expended At 31 March 2023 General funds 30,453 82,254 177,186) 35,521 16 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 July 2024: Tongible assets Current assetsl(liabilities) 2587 2587 24,425 28,923 53,348 27.012 28.923 55.935 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 Morch 2023: Current assetsl(liobilities) 35,521 25,550 61,0 35.521 25.550 61.071 17 Related party transactions There were no disclosable related party transactions during the period (2023- none). 4nnual Reporr and Un(Judited FinancK]I Stotementsforthe PerKxl EtKled 31 Juty 2024 27
EYS