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2022-02-28-accounts

Ditch The Label Limited

(A company limited by guarantee)

Charity No. 1156329

Company No. 08387544

Trustees' Report and Unaudited Accounts

28 February 2022

Ditch The Label Limited Contents

Pages
Trustees' Annual Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Cash flows 10
Notes to the Accounts 11 to 23

Page 1

Ditch The Label Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 28 February 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 08387544

Charity No. 1156329

Registered Office

Phoenix House 3rd Floor 32 West Street Brighton East Sussex BN1 2RT

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S.C. Baines R. Barrie S.R.H. Comins J.J. Diez-Aguirre L.D. Hackett (Chief Executive Officer) A. Hughes J.K. Koomson D.T. Levine V.R. Miller H.A.J. Morris

Company Secretary

S.M. Jones

Accountants

Time Accounts Limited Room 34 Basepoint Business Centre Little High Street Shoreham-by-sea BN43 5EG

Page 2

Ditch The Label Limited Trustees Annual Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee without share capital.

The following director has held office since 1 March 2018:

Mr L D Hackett (Chief Executive Officer)

The Trustees, who are also the non-executive directors for the purpose of company law are:

J K Koomson (resigned 26 June 2021) S C Baines H A J Morris R Barrie S R H Comins D T Levine (resigned 29 August 2021) A Hughes J J Diez-Aguirre (Appointed 9 December 2021) V R Miller (Appointed 20 October 2021)

New Trustees may be appointed at any time with a maximum of ten on the Board.

New Trustees may be proposed by the CEO or any Trustee and shall be appointed by ordinary resolution at a meeting of the Board of Trustees. Special notice is required of a resolution to appoint a Trustee.

Trustees are appointed for a term of three years. At the end of that term Trustees may be reappointed subject to a majority vote of the board of Trustees. There is no cap to the number of times an individual can be appointed to the board of Trustees.

Trustees are initially invited on to the board for a probationary period of 3 months at which point the position will be reviewed by both parties before extending the position to a full board member if appropriate.

Page 3

Ditch The Label Limited Trustees Annual Report

OBJECTIVES AND ACTIVITIES

To preserve and protect health and advance education surrounding youth issues, equality and bullying for the Public benefit by:

1) Operating as a youth charity with a core aim to advance and promote the wellbeing of our beneficiaries; young people aged 12-25. We will work across five key areas: bullying prevention, mental health & wellbeing, digital literacy, healthy relationships and identity (primarily orientated around protected characteristics) by raising awareness of the issues faced by young people to improve outcomes across their lives.

2) Contributing towards the fields of research and innovation within our respective core focal areas (see 1) by carrying out primary and secondary research, in addition to the analysis of big data (i.e. social listening) in collaboration with selected partners. This learning will inform our direct support provision and public campaigns to benefit our youth beneficiaries and wider society.

3) Supporting our youth beneficiaries by providing direct advice and facilitating peer-to-peer support on digital forums for our youth beneficiaries as a means of aiding their navigation through the common challenges associated within our core focal areas (see 1), thereby improving their outcomes across health, mental health, social wellbeing, education and future prospects.

4) Advance education through the research, development and distribution of educational materials in both traditional and digital educational environments to directly benefit our youth beneficiaries and educational practitioners.

5) Raise awareness and positively influence societal attitudes and behaviours towards our five key focal areas (see 1) by using public awareness campaigns and sharing our research and insights publicly to benefit our youth beneficiaries and wider society in order to improve outcomes in their lives.

6) Advocate the needs and challenges of young people to key stakeholder groups and policy makers by monitoring and evaluating the experiences and opinions of young people and amplifying and reflecting their voice in order to positively benefit their lives across wider society.

7) Provide secondary support, advice, information and resources to additional stakeholder groups; such as parents/guardians, educators and industry in order to further benefit our youth beneficiaries and advance the education and future prospects of young people.

These objectives are delivered across 4 key areas:

Support: we deliver direct online support and support articles from digital youth mentors

Research: we produce new, innovative research surrounding bullying, mental health and other issues such as gender stereotypes

Education: our free educational resources are delivered in classrooms across the country

Campaigns: we produce innovative content to generate societal shifts in attitudes and behaviours

Ditch the Label confirms that the trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.

Page 4

Ditch The Label Limited Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Ditch the Label is a global youth charity that helps young people aged 12-25 navigate the issues that affect them the most. The young people who come to us for help struggle with issues such as mental health, bullying, online abuse, coming out, self-esteem and identity.

As the world continues to move forward post- global pandemic, young people are facing significant challenges surrounding their health and wellbeing. All too often, young people and their voices are forgotten as their struggles with mental health, bullying, identity and relationships are further compounded by the stress, anxiety and uncertainty surrounding their futures.

We continued to see huge growth in the demand for our digital support services on our dedicated Support Community and responded swiftly by increasing the number of highly skilled, clinically trained support mentors on the team. They are able to directly help young people make sense of, and navigate their mental health, friendships and relationships, sexuality, online abuse or any other prominent issue in their lives. Although support is primarily provided in English, we also have bi-lingual and multilingual mentors meaning we are able to offer this same high-quality support in German, Hindi, Urdu and Arabic.

In addition to supporting thousands of young people online, we continued to lead the way with our research and education programmes. We released The Wireless Survey which took an updated look at how young people are using smartphone technology and how they engage with the internet and social media. We also partnered with Brandwatch on two vital reports; the first being Online Hate Speech in the Covid Era where we looked at 263 million online conversations around hate speech online to see how it had changed since the start of the pandemic. Secondly, to mark World AIDS Day, we analysed 239 thousand online conversations globally to understand how Serophobia has evolved online in Understanding Online Serophobia.

In recognition of the unique challenges faced by teachers and their inevitable role in the wide range of support that schools often provide, we have developed and made freely available even more ready to deliver resources. These now cover: Bullying, Mental Health, Gender Stereotypes, Digital Literacy and Online Challenges. These evidence-based resources are delivered in UK classrooms and equip young people from aged 12+ with the skills and tools that they need in order to understand, evaluate, articulate and improve their understanding and lives.

Within weeks of the first lockdown, we launched the first youth Coronavirus support hub on the Ditch the Label website. This year we partnered with ASOS to develop a Stop Asian Hate hub to directly address the unique challenges facing the Asian community. This hub pulls together essential information, support for those impacted, real stories and toolkits for the prevention of Asian hate.

The challenges of running any organisation are vast but through sound planning and strategy, Ditch the Label saw a significant uplift in finances post-pandemic, bringing us back to our usual levels of funding. We’re delighted that thanks to amazing corporate partners and vital funding from Trusts and Foundations, our finances continue to strengthen and build.

Ditch the Label’s focus is continued growth and diversification in support delivery and building on our financial sustainability to safeguard our future as an essential youth support service. We are keenly aware that the young people we serve need us more than ever before.

Page 5

Ditch The Label Limited Trustees Annual Report

FINANCIAL REVIEW

The principal funding sources for the Charity are currently by way of donations, grants, corporate sponsorship, merchandise sales and events.

The Directors and Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Charity plans to continue activities as outlined above, engaging with its core market in the forthcoming year subject to satisfactory funding arrangements.

POLICY ON RESERVES

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use wherever possible, should be maintained at a level equivalent to three month’s expenditure.

The Directors and Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities, while consideration is given to ways in which additional funds may be raised. As part of ongoing risk management, the Charity will review the reserves policy each year or as the result of a significant change or event.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees are initially invited on to the board for a probationary period of 3 months at which point the position will be reviewed by both parties before extending the position to a full board member if appropriate.Trustees are appointed for a term of three years. At the end of that term Trustees may be reappointed subject to a majority vote of the board of Trustees. There is no cap to the number of times an individual can be appointed to the board of Trustees.New Trustees may be proposed by the CEO or any Trustee and shall be appointed by ordinary resolution at a meeting of the Board of Trustees. Special notice is required of a resolution to appoint a Trustee.New Trustees may be appointed at any time with a maximum of ten on the Board.V R Miller (Appointed 20 October 2021)J J Diez-Aguirre (Appointed 9 December 2021)A HughesD T Levine (resigned 29 August 2021)S R H CominsR BarrieH A J MorrisS C BainesJ K Koomson (resigned 26 June 2021)The Trustees, who are also the non-executive directors for the purpose of company law are:Mr L D Hackett (Chief Executive Officer)The following director has held office since 1 March 2018:The charity is a company limited by guarantee without share capital.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board A. Hughes Trustee

Page 6

Ditch The Label Limited Independent Examiners Report

Independent Examiner's Report to the trustees of Ditch The Label Limited

I report to the charity trustees on my examination of the financial statements of Ditch The Label Limited for the year ended 28 February 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants England & Wales.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Mrs Hannah Thatcher, FCA LLB Institute of Chartered Accountants England & Wales Time Accounts Limited Room 34 Basepoint Business Centre Little High Street Shoreham-by-sea BN43 5EG

Page 7

Ditch The Label Limited Statement of Financial Activities

for the year ended 28 February 2022

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other
8
Total
Expenditure on:
Raising funds
9
Charitable activities
10
Other
11
Total
Net gains on investments
Net income/(expenditure)
12
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
227,572
144,948
200
26
17,185		 Restricted
funds
2022
£
269,953
-
-
-
-		 Total funds
2022
£
497,525
144,948
200
26
17,185		 Total funds
2021
£
280,112
12,055
5,953
182
4,789
389,931
6,693
289,004
7,900		 269,953
-
75,701
856		 659,884
6,693
364,705
8,756		 303,091
1,675
389,575
5,323
303,597
-		 76,557
-		 380,154
-		 396,573
-
86,334
-		 193,396
-		 279,730
-		 (93,482)
-
86,334 193,396 279,730 (93,482)
86,334
(93,813)		 193,396
290,349		 279,730
196,536		 (93,482)
290,018
(7,479) 483,745 476,266 196,536

Page 8

Ditch The Label Limited Balance Sheet

at 28 February 2022

Company No.
08387544
Notes
2022
£
Fixed assets
Tangible assets
14
23,763
23,763
Current assets
Stocks
15
6,965
Debtors
16
233,243
Cash at bank and in hand
407,388
647,596
Creditors:Amount falling due within one year
17
(195,093)
Net current assets
452,503
Total assets less current liabilities
476,266
Net assets excluding pension asset or liability
476,266
Total net assets
476,266
The funds of the charity
Restricted funds
18
Restricted income funds
483,745
483,745
Unrestricted funds
18
General funds
(7,479)
(7,479)
Reserves
18
Total funds
476,266		 2021
£
17,634
17,634
8,833
33,680
141,021
183,534
(4,632)
178,902
196,536
196,536
196,536
290,349
290,349
(93,813)
(93,813)
196,536

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 28 February 2022 the charitable company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on

And signed on its behalf by:

L.D. Hackett

Director

Page 9

Ditch The Label Limited Statement of Cash flows for the year ended 28 February 2022

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Grants, interest and incentives
Decrease/(Increase) in stocks
(Increase)/Decrease in trade and other receivables
Increase/(Decrease) in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Grants, interest and incentives
Net cash from/(used in) investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
279,730
6,006
(17,211)
1,868
(199,563)
36,911
107,741
(12,135)
17,211
5,076
106,167
106,167
218,984
141,021
360,005
407,388
407,388		 2021
£
(93,482)
5,227
(182)
(4,785)
59,809
(1,387)
(34,800)
(2,745)
182
(2,563)
-
-
(37,363)
178,383
141,020
141,021
141,021

Page 10

Ditch The Label Limited Notes to the Accounts

for the year ended 28 February 2022

Basis of preparation

The 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

Ditch The Label Limited Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment 25% reducing balance

Furniture and equipment 25% reducing balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 12

Ditch The Label Limited Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 13

Ditch The Label Limited Notes to the Accounts

2 Company status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The charity is incorporated in England and Wales.

The address of its registered office is:

Phoenix House 3rd Floor

32 West Street Brighton East Sussex BN1 2RT

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
139,137
12,055
5,953
182
4,789
162,116
1,675
298,127
299,802
(137,686)
(137,686)
(137,686)
43,873
(93,813)		 Restricted
funds
2021
£
140,975
-
-
-
-
140,975
-
96,771
96,771
44,204
44,204
44,204
246,145
290,349		 Total funds
2021
£
280,112
12,055
5,953
182
4,789
303,091
1,675
394,898
396,573
(93,482)
(93,482)
(93,482)
290,018
196,536

Page 14

Ditch The Label Limited

Notes to the Accounts

4 Income from donations and legacies

Unrestricted Restricted Total Total
2022 2021
£ £ £ £
Grants 23,800 30,000 53,800 213,965
Regular giving and capital
donations		 203,772 239,953 443,725 66,147
227,572 269,953 497,525 280,112
5 Income from charitable activities
Unrestricted Total Total
2022 2021
£ £ £
Sales within charitable
activities		 753 753 12,055
Campaign income 144,195 144,195 -
144,948 144,948 12,055
Included in Charitable activity income is £144,195 in relation to campaign income received form ASOS,
Halpern and Kao Ltd for various campaigns the charity ran.
6 Income from other trading activities
Unrestricted Total Total
2022 2021
£ £ £
Other income from other
trading activities		 200 200 5,953
200 200 5,953
7 Income from investments
Unrestricted Total Total
2022 2021
£ £ £
Other interest receivable 26 26 182
26 26 182
8 Other income
Unrestricted Total Total
2022 2021
£ £ £
Other income 14,460 14,460 4,789
Government grants 2,725 2,725 -
17,185 17,185 4,789

Included in Other income is £11,300 in relation to funded internship in association with The University of Sussex received for placement of students

Page 15

Ditch The Label Limited Notes to the Accounts

9 Expenditure on raising funds

Costs of generating voluntary
income
Marketing and publications
10 Expenditure on charitable activities
Expenditure on charitable
activities
General direct costs
Staff costs
Governance costs
Computer expenses, printing
& stationery, telephone,
advertising, accountancy and
legal fees
Travelling and entertainment
Salaries & wages, NI, training
costs, staff welfare and
subcontractor costs
Rent, rates, insurance, repair,
cleaning, bank charges and
other expenses
11 Other expenditure
Bank loan and overdraft
interest payable
Other interest payable
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets		 Unrestricted
£
9,803
-
36,825
6,347
165,909
70,120
289,004
Unrestricted
£
2,725
25
5,150
7,900		 Unrestricted
£
6,693
6,693
Restricted
£
8,840
-
5,064
-
61,797
-
75,701
Restricted
£
-
-
856
856		 Total
2022
£
6,693
6,693
Total
2022
£
18,643
-
41,889
6,347
227,706
70,120
364,705
Total
2022
£
2,725
25
6,006
8,756		 Total
2021
£
1,675
1,675
Total
2021
£
54,539
177,159
23,355
1,906
51,747
80,869
389,575
Total
2021
£
96
-
5,227
5,323

Page 16

Ditch The Label Limited

Notes to the Accounts

12 Net income/(expenditure) before transfers

12 Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets
13 Staff costs
Salaries and wages
Other staff costs		 2022
£
6,006
2022
225,848
91
225,939		 2021
£
5,227
2021
226,911
48
226,959

During the year one employee received emoluments within £70,000 to £80,000.

The average monthly number of full time equivalent employees during the year was as follows:

Employees
14 Tangible fixed assets
Cost or revaluation
At 1 March 2021
Additions
At 28 February 2022
Depreciation and
impairment
At 1 March 2021
Depreciation charge for the
year
At 28 February 2022
Net book values
At 28 February 2022
At 28 February 2021
15 Stocks
Finished goods		 2022
Number
6
6
Computer
equipment
£
28,186
5,061
33,247
18,607
2,447
21,054
12,193
9,579
2022
£
6,965
6,965		 Furniture
and
equipment
£
16,098
7,074
23,172
8,043
3,559
11,602
11,570
8,055		 2021
Number
8
8
Total
£
44,284
12,135
56,419
26,650
6,006
32,656
23,763
17,634
2021
£
8,833
8,833

Page 17

Ditch The Label Limited Notes to the Accounts

16 Debtors

16 Debtors
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
17 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other taxes and social security
Other creditors
Accruals		 2022
£
220,872
9,640
1,506
1,225
233,243
2022
£
106,167
3,325
33,676
2,891
49,034
195,093		 2021
£
-
9,640
21,947
2,093
33,680
2021
£
-
900
804
1,277
1,651
4,632

Page 18

Ditch The Label Limited Notes to the Accounts

18 Movement in funds

18 Movement in funds
At 1 March
2021
£
1,539
1,320
2,968
80,919
106,000
10,000
20,500
5,000
15,244
4,050
20,000
44
2,000
22,065
(1,000)
(300)
290,349
(93,813)
196,536		 Incoming
resources
(including
other
gains/losses
)
£		 Resources
expended
£
(257)
(220)
(185)
(75,701)
-
-
-
(194)
-
-
(76,557)
(303,597)
(380,154)		 At 28
February
2022
£
1,282
1,100
2,783
80,919
60,299
10,000
20,500
5,000
15,244
4,050
20,000
(150)
2,000
22,065
(1,000)
(300)
239,953
Restricted funds:
Restricted income funds:
Lottery Funding
The Clothworkers
Foundation Fund
Unilever Fund
Electronic Arts
Paul Hamlyn Foundation
Highway One Foundation
River Island
The Schuh Trust
Barclays
Oath (UK) Ltd
People's Postcode Lottery
Tumblr
Rathbone Trust
David & Ruth Foundation
Simple
DTL US Fund
BRP
Total
Unrestricted funds:
General funds
Total funds
30,000
-
-
-
-
-
239,953
269,953
389,931
659,884
483,745
(7,479)
476,266

Page 19

Ditch The Label Limited Notes to the Accounts

Restricted funds:
Lottery Funding
The Clothworkers
Foundation Fund
Unilever Fund
Electronic Arts
Paul Hamlyn Foundation
Highway One Foundation
River Island
The Schuh Trust
Barclays
Oath (UK) Ltd
People's Postcode Lottery
Tumblr
Rathbone Trust
David & Ruth Foundation
Simple
DTL US Fund
Total
Unrestricted funds:
General funds
Total funds		 At 1 March
2020
1,825
1,566
57,040
80,919
30,000
10,000
20,500
5,000
15,244
4,050
20,000
-
-
-
-
-
246,144
43,873
290,017		 Incoming
resources
(including
other
gain/losses)
£
-
-
25,000
-
76,000
-
-
-
-
-
-
15,910
2,000
22,065
-
-
140,975
162,116
303,091		 Resources
expended
£
(286)
(246)
(79,072)
-
-
-
-
-
-
-
-
(15,866)
-
-
(1,000)
(300)
(96,770)
(299,802)
(396,572)		 At 28
February
2021
£
1,539
1,320
2,968
80,919
106,000
10,000
20,500
5,000
15,244
4,050
20,000
44
2,000
22,065
(1,000)
(300)
290,349
(93,813)
196,536

Page 20

Ditch The Label Limited Notes to the Accounts

Electronic Arts

Funds received from EA Games were directed into direct support services for young people and towards the creation of new articles and support guides around bullying and abuse on gaming platforms. In addition, Ditch the Label supported EA Games campaign to fight for acceptance within gaming and to encourage positive cultural changes.

BRP

We were excited to begin a collaboration with BRP, a global leader in the world of powersports vehicles and boats. Their program “Ride Out Intimidation” is a global cause and joint mission to create real and lasting societal impact with direct support, education to positively influence culture and behaviour and promote inclusivity.

Citibank

New charity partner for Citibank’s Citi e for education fundraising campaign. The 2021 campaign was the ninth year of the campaign and raised $9.4M for education focused nonprofits around the world. Ditch the Label’s donation will support our work with young people.

ASOS

We partnered with ASOS to create a #StopAsianHate hub on our website which offers support and resources for anyone affected by the issue of Asian hate. New resources for educators and students are due to launch in January 2023.

Goodloop / Reebok

Through the platform Good-Loop, Reebok ran a successful fundraising activity with Ditch the Label as the recipient charity.

Got2b

We partnered with got2b to create support resources on cyberbullying and to directly support young people affected by the issues of cyberbullying and online abuse.

Paul Hamlyn Foundation

Ditch the Label received a grant towards the CEO’s salary and a grant to fund our direct support services for young people.

Bioré

We created resources on Skin Esteem which offer support for anyone affected by issues around their skin.

Unilever

Through their brand Simple, they ran a short fundraising activity on their Instagram page with Ditch the Label as the recipient charity.

Restricted funds: Lottery Funding Unilever Fund Paul Hamlyn Foundation River Island Barclays People's Postcode Lottery

Page 21

Ditch The Label Limited Notes to the Accounts

Rathbone Trust

Simple

19 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities
Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt
Cash and cash equivalents
Bank loans
Net debt		 Unrestricted
funds
£
21,192
647,596
(195,093)
473,608
Unrestricted
funds
£
14,208
183,534
(4,632)
193,110
At 1 March
2021
£		 Restricted
funds
£
2,571
-
-
2,571
Restricted
funds
£
3,426
-
-
3,426
Cash flows
£		 Total
£
23,763
647,596
(195,093)
671,359
At 28
February
2021
£
17,634
183,534
(4,632)
196,536
At 28
February
2022
£
141,021 266,367 407,388
141,021
-
-
141,021
At 1 March
2020
£
178,383
178,383
-
-
178,383		 266,367
(106,167)
(106,167)
160,200
Cash flows
£
(37,362)
(37,362)
-
-
(37,362)		 407,388
(106,167)
(106,167)
301,221
At 28
February
2021
£
141,021
141,021
-
-
141,021

20 Reconciliation of net debt

Page 22

Ditch The Label Limited Notes to the Accounts

21 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Operating lease commitments
Annual commitments under non-cancellable operating leases		 are as follows:
2022
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the company
amounted to:
Unpaid contributions due to the fund are
included in other creditors and amounted to:		 2022
2021
Other
Land and
buildings
£
£
2022
£
3,980
1,340		 2021
Other
£
2021
£
4,879
832

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £3,980 (2021: £4,879).

22 Related party disclosures

Controlling party

Remuneration to key management personnel is of £79,522 (2021: £75,000). At the balance sheet date amount due from Key management personnel was of £1,084 (2021: £1,098).

Page 23