IT'S A PENALTY {Fomi¢rty HAPPY CHILD INTERNATIONAL FOUNDATION) IA Charitable Incorporated Organisationl REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charlty No: 1161848
CONTENTS Page Legal and administrative information Report of the Trustees Independent Examinerfs Report Statement of Financial Activities 10 8alan¢e Sheet statement of Cash Flows 12 Notes forming part of the Financial Statements
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Reference and Administrative Information Reglstered Charlty Number 1161848 Trustees The Trnstees serving during the year and Sin the year end were as follows.. K Corich C Williamson E McAlpine C McLellan A Akintoye E Mcmahon R Aron l Falkenberg M Malik C Walson Resigned 3rd October 2023 Resigned 14th September 2024 Appointed 2nd July 2024 Appointed 2nd July 2024 Appointed 2nd July 2024 Appointed 2n0 July 2024 Management S De Carvalho MBE Principal oifice Leatherhead Institute 67 High Street Lealherhe8d i(r22 8AH Independent Examlner Mr S Robinson Chartered Accountant The Pinnacle 170 Midsummer Boulevard Milton Keynes MK9 1BP Bankers Sxntander Customer seN1 Centre Bootle Mersey5ide L30 4G8 Page 1
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEkliBER 2024 Report of the Trustees The Trustees present their Annual Report and financial stslements of the Charitable Incorporated Organisalion for the year ended 30 September 2024. The financial statements comply with the Charities Act 2011, the Trust's Deed and Accounting and Reporting by Charities." Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019). structure Governance and Mana ement Charltable status It's a Penalty is a Charitable Incorporated Organisalion ICIOI governed by ils eonstilution and has charitable status under the Chafities Commission Association, Charity Number,. 1161848. The CIO was recognised by the Charity Commission on 27 May 2015. Oryanlsatlon structure The Trustees assume responsibility for the overall management of the CIO. Day-to-day manasemenl is delegated to the Senior Management Team and Sarah De CaNalho is the Chief Executive Officer. The Board of Trustees meets six times eath year lo discuss current and future projects and lo approve decisions such as the appointment of new Trustees and the remuneration of the one key management employee. Trustee Recruitment and Appointment The Trustees were recruited with complementary skills and experierbce in mind from the corporate, public and third sectors. Each bring 8 contribution of global neorking, strategic management, marketing. international development. accountancy. New Trustees a recruited by advertisement andlor recommendation by existing Trustees or the CEO. Trustee Induction and Training When recruiting new Trustees. the Board ensures that such candidates fully understand the Charity's purposes and aims and possess the neSSary skills lo carry out their responsibilities. Rlsk Management The Trustees accept that the management of risk is ultimately their responsibility and, having examined the major strategic, busines5 and operational risks which the CIO faces, confirm that appropriate control systems have been established to mib.gate such risks, as far as is possible. Pay policy for senlor staff The pay of the senior staff is reviewed annually, and changes a made based on fa¢tor$ such as changes in comparable average earnings and the financial position of the ¢harity. Ob'ectives Activities and Perfomiance for the Publlc Beneflt The CIO was established to preserve the health of children and young people around the world by protecting them from sexual and other exploitab'on and the relief of poverty of children and young people around the world by the provision of funds and seNices to relieve the effects of povety. The Trustees confirm they have referred lo the guidance contained in the Chaiity Commission's general guidance on public benefits when reviewing the CIO'S aims and objectives. In pursuit of its aims and objectives, the CIO seeks to funclraise to protect children from exploitation, abuse andlor alleviating child poverty in cities hosting sporting events and elsewhere.. grants to charitsble organisations in cities hosting sporting events and elsewhere,. carnpaign against child exploitation Page 2
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Report of tho Trustees {cont'd) campaign for the enactsmenl, strengthening and enforcement of legislation to protect children from sexual exploitation globally. Summa of actlvltles IYS a Penalty is a UK-based NGO with a global output. focused on ending abuse, exploitation and human trafficking woildwide through awareness-raising campaigns, advo¢acy for legal reform, educational programmes and youth empowerment. Campaigns Each It's a Penalty Campaign harnesses the power of sport to prevent abuse. exploitation and human trafficking on a global scale, positioning each major sporting event as a platfom for worldwide action and change. Pacific Games Solomon Islands (November-Decemb8r 2023) In collaboration with UNICEF Pacific, the Solomon Islands National Institute of Sports ISINISI, the Solomon Islands Government, and the 2023 Pacific Games Organizing Committee, It's a Penalty's 2023 Pacific Games Campaign launched in the Solomon Islands dLsring November-December 2023 10
KeepKidsSafe. The campaign aimed to address child protection issues, particularly the sexual
exploilalion and abuse of children in sport5 settings. Other collaborators included Solomon Airlines, Fexco, British HC in Solomon Islands, Brisbane Airport, Safvats'on Army Solomon Islands and International Safeguards for Children in Sport. In total. the Pacific Games campaign had a potential reach of 805,710 in the Pacrfic and worldwide. 600.474 people reached by It's a Penalty's informative posts on social media, through largeled Mela ads directed al audiences in 16 Pacific countries. Campaign posters on giant scfftens throughout 8ri5bane Airport had a potential reach of107.991, reaching passengers travelling lo the Pacific Games and beyond. 840 campaign posters were distributed by Fexco at their currency exchange stores in Honiara. in-flight on Solomn Airlines flights. and by their teams at the Pacific Games booth$ - 16,000+ potential reach. 1000+ calls were made to the Self Ples child helpline during the campaign. UNICEF Pacific capacity-building training with Self Ples helpline and creating a Code of Conduct for the Games that priorilised child safeguarding, and Salvation Army delivering community education sessions on the protection of children from abuse and exploitation. Las Vegas SuperBowl L Vlll (February 2024) In advan of the Super Bowl in Las Vegas, It's a Penalty launched our seventh Super Bowl campaign lo raise awareness about hum2n trafficking, exploitation and abuse, the penalties for offenders, signs lo look out for, how lo report a suspected case and support available for survivors. Running from the beginning of January through the end of February 2024. the It's a Penalty Las Vegas Campaign. with support from our partners and local NGOS, eneouraged millions of people to help prevent modern slavery and protect survivors locally and glob811y. Partners for the Las Vegas Campaign in¢luded our Head5ine Partners Wnn Resorts, MGM Resorts International, and Caesars Entertainment., Supporting Partners Las Vegas Raiders, AHLA Foundation, Hilton, IHG Hotels & Resorts, Airbnb, Cadson Family Foundation, and Southwest., Spouight Partners LVMPD Foundation. LVMPD, and R&R Partners, Friends St Jude's Ranch for Children, Signs of HOPE, Be 8 S.H.E.R.O Foundation, and The Embracing Project. Participating Airlines British Aimays and American Airlines. Impact highlights include.. 73Qh of suNey participants said the It's a Penalty campaign increased their awareness of how to report crimes of exploitation and human trafficking. 71.5Yo of SUTvey participants said the campaign increased their confidence or likeliness lo report suspected cases of exploitation and human trafficking. Page 3
Irs A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Report of the Trustees (cont'dl 13 juvenile victims of Sex Trafficking recovered,. 2 sex trafficking a juvenile arrests.. 26 luring a childlsoliciling a minor online arrests during the campaign. 100+ volunteers joined Il's a Penalty to pack human trafficking awareness kits and essential ki15 for survivors. vwth each campaign, It's a Penalty partners with the National Center for Missing and Exploited Children. DL¢e to everyone's efforts and support, we are pleased lo say 15 missing children from Las Vegas were found. 200+ hotel and resort employees trained by IVS a Penalty staff. Paris Olympics & Paralympics (July-september 2024) As the world's gaze lumed lo Paris for the 2024 Olympic$ and Paralympies, It'$ a Penalty launched a crucial campaign to infomi the public about human trafficking and exploitation, in order to prevent it, in France and globally. Running from the beginning of July through the end of September 2024, the It's a Penalty Paris 2024 Olympics & Paralympics Campaign, with support from our partners and local NGOS, equipped millions of people with awareness of the prevalence of human trafficking, how to spot the signs, and how to safely and effectively report instsnces of exploitation. Partners ft)r the Paris Campaign included our Headline Partt)er Booking.com', Main Partner Ac¢or,' Supporting Partners IHG Hotels & Resorts and Sysdoc., Spotlight Partners UK Border Force, Slop the Traffik, Samilia and Blue Heart Campaign., Local Partner Le Colleelif 'Ensemble Contre La Traite des Etres Humains,; and Participating Airlines British Airways, Emirates, Calhay Paeific and JetBlue. Impact highlight5 include.. 263.8 million people potenbally reached via the campaign throLEgh July- September 2024. 83% of respondent5 to a post campaign survey noted increased awareness of human trafficking. 720/0 of respondents lo a post campaign survey noted increased knowledge of the signs of human trafficking. 820A of respondents to a post campaign survey noted increased awareness of how to find help and report suspected cases of human trafficking and exploitation. 76¥0 of respondents to a post campaign survey noted increased confidence or likeliness to report suspected cases of human trafficking and exploilalion. 75,984 people reach through social media content aljout the campaign activities, human trafficking and exploitation in Paris, France and across Europe, how lo spot the signs and how to safely report. During the campaign, our Headline Partner Booking.com shared information aljout the campaign, including modern slavery indicators, escalation paths and training reSoUrS with 75.000 of their partners in France and Belgium across accommodations, cars, rides and flights. Our campaign signage was displayed al several key transport hubs in the region. including: London Galwick, Heathrow Express. Brussels South Charleroi Airport, and UK Border Force al Paris Gare du Nord, London Sl Pancras International, Lille and Brussels train stations. The posters were also live on Brussels, STBI transport neIOrk in Belgium as a result of our collaboration with local Belgium NGO Samilia and the UNODC'S Blue Heart Campaign. CommonProtect CommonProtecl is Il's a Penalty's advocacy progiamme focused on legal reform and systems ehange in order to prolecl children from sexual exploitation and abuse ICSEAI throughout the Commonwealth. Throughout 2023124 several activities have been undertaken ag part of CommnProtect, including.. Collaboration with fellow members of the Commonwealth Children's Interest Group IComCIG} to advance the implementation ofthe Kigali Declaration on Child Care and Protection Reform across the Commonwealth and profile child protection issues, including.. submitting briefing paper to Commonwealth Youth Ministers ahead of CYMM. Developing collaborats've partnerships to support advocacy goals with the Commonwealth Secretarial. Commonwealth Human Rights Initiative. Commonwealth Lawyers Association, Commonwealth NeOrk 8.7. Producing an extensive Mapping Study and Report on a Roadmap for the implementation of the Kigali Declaration on Child Care and Protection Reform in the Commonwealth. in partnership with COMCIG members and the Commonwealth Secretarial (Social Policy Division). Page 4
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Report of tho Trustees {cont'dl Wofked with the Commonwealth Lawyers Association and the Rule of Law Dtvision at the Commonwealth Secretarial to pul forward a proposal on a potential Child Rights Project to the Commonwealth Law Ministers Meeting in March 2024. The Pfoposal for a Kigali Declarationlchild rights project led by the Commonwealth Lawyers Association 'and partners, was noted by Law Minislets and in¢luded in their outcome document {pafa 341. Law Ministers have requested an update at their next meeting, which is how this matter now comes more ffirmly onto their Agenda going fomard, Attending key events as advocacy opportunities, in¢luding.' Commonwealth Education Ministers Meeting ICEMMI. and Inlelnalional Youth Day. Most significantly, CommonProlecl's focus this year has been on maximising advocacy opportunibes ahead of 2024's Commonwealth Heads of Government Meeting (held in October in Samoal.. Two official CHOGM side events were successfully proposed lo run.. the firsl,a joint side event with the Commonwealth Secretariat and COMCIG members COSW anot Hope and Homes, lo focus on children and to 12ke forward next steps implemenlalion of the Kigali Declaration on Child Care and Protection Reform,. the second. in partnership with the Commonwealth Human Rights Initiative. IOSH, and CTUG, on modem slavery, exploitation and climate change. Continued involvement with advocacy neorkS with a view lo developing advocacy Asks for CHOGM Icommonweallh Children's Interest Group., Commonwealth Nerk 8.7., Commonwealth Consortium for Education.. Independent Forum of Commonwealth Organisations). Registering attendance at various fora tsking place alongside CHOGM in Samoa-. Commonwealth People's Forum, Youth Forum and Women's Forum. student Ambassador Programme It's a Penalty's Student Ambassador Programme educates and empowers university students to become ambassadors of change against abuse, exploitation and human trafficking. The pr(4ramme includes training courses on human trafficking, being an active bystander, consent and planning campaigns. After completing their core training. students are 5UPPOrted by the Student Ambassador Programme team to engage with the community through various activism projects. These include hosting events on campus lo educate their peers. promoting responsible procurernent, writing and sharing articles. creating edu¢alional conlenl for social media, fundraising events and awareness-raising initiatives in their loeal ¢ommunity. This year 2023124 has seen the conlinLted development and fapid rise of the Student Ambassador Programme. As of September 2024, SAP had a total of 407 students enrolled al 67 universities across the UK, with 18 ¢arnpus leads estsblished. Collective reach from Student Ambassador challenges of about 70,000 $0 far this year, with particular success through engagement over Student Ambassador produced TikTok content. In January 2024. we also launched the programme in the US at the Rosen College of Hospitality Management in the University of Central Florida. A key project of SAP has been our Collaborative project with the West Midlands Anti Slavery Neork. which has involved development of the Programme specifically in the West Midlands region, established a lived experience panel to contrrbule to anti-slavery and exploitation work in the Wesl Midlands, attending university fairs to increase recruitment and engagement in the region, and developing regional opportunities for students. As well as the West Midlands project, we have been working to develop a project focused on mitigating Tisks faced by international students in the UK, particularty regarding exploitation and modern slavery risks. This work, done in partnership with Birmingham City Council and other partners, has involved submitting Freedom of Information Act requests lo UK universities to establish an eviden¢e base, connecting with safeguarding stsff at universities, and consulting with local partners. Page 5
Irs A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Report of the Trustees Icont'dl Financial Review Income lotalled £536,65012023. £456,015) and expenditure was £548.57512023.' £486.936}. We are extremely grateful and thankful for both the donations received and the kind support of our volunteers. There was a surplus at the year end of £21,461 12023.. £33,386). The closing cash FX)Sition at the year*nd was £6,774, wÉth nel cash used from operations of £34,805. There were no restricted reserves al the year end and the Board is intent in maintaining a healthy level of unrestricted reserves. Plans for the future Campaigns Partnering with the sports industy, travel & tourtsm and hospitality industy, NGO'S and law enforcement to raise awareness and educate about human trafficking. exploitatson and abuse in order to prevent it, Il's a Penalty will be running campaigns during the following major sporting events.. Super Bowl New Orleans 2025 IFebruaryl UEFA Women's Euros 2025 (July) Super Bowl San Fiancisco 2026 (February) FIFA Wodd Cup 2026- US, Canada and Mexico (JUneUly) Commonwealth Games 2026 - Glasgow lJuly-Augl Advoe8ey- Commonprotect flegal reft)rm for chlldprotectlonj Following our SUC$sful events al CHOGM in Samoa in October 2024, the team will be taking steps in partnership to improve on child protection throughout the Commonwealth. Training It's a Penalty will be developing our bespoke training courses for educating about human trafficking and exploitation for our partners in the travel & tourism and hospitality industry as well as our training for students at Universities. Reserves olic As a130 September 2024. the CIO currently has no restricted serveS and UnstrICted general reserves of £21,461, this is equivalent lo three months of salary costs. Due lo the nature of the campaigns. funoting is received and agreed well in advance and there is regular review of the budgeted spend. Trustees, Res nsibilities Statement The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United K¢ngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial ststements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS1021,' make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, Subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them lo ensure that the financial Page 6
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 Report of the Trustees Icont'dl statements wmply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible fof safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Report of the Trustees was approved by written procedure amongst Trustees on lTr-oi - &z5 and signed on their behalf by.. K Corich Pagg 7
ITS A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 INDEPENDENT EXAMINER'S REPORT I report to the Trustees on my examination of the accounts of Il's a Penalty Ithe CIO} for the year ended 30 September 2024. Responsibilities and basis of report As the Charity Trustees of the CIO you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 I'lhe Acri. I report in respect of my examination of the CIO'S accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independgnt examinerfs statement I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have oome to my attenb'on in onneclion with the examination giving me cause to believe that in any material respect: a¢wunling records were not kept in respect of the CIO as required by section 130 of the Act.. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examinats'on. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Steve Robinson FCA Chartered Accountant The Pinnacle 170 Midsummer Boulevard Milton Keynes MK9 18P Date:20 &n¥tLry 2024 Pago 8
IT'S A PENALTY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestrlcted Restricted Total Total General Funds 2024 2023 Notes Income Incomg frorn Generated funds Donations and grants 498,392 38.258 536,650 45S,015 Total Income 498.392 38.258 536,650 456,015 Ex enditure Charitsble Activities Expenditure on charitable activities 495.522 38.258 533.780 462,627 Cost of Ralslng funds Expenditure on raising funds Other Expendlture Supportcosts 14,795 14.795 24,309 Total expendlture 510317 548.575 486.936 Net movernent in funds 111.925) 111.9251 130,921} Balance at l October 2023 33,386 33,386 64.307 Balance at 30 September 2024 21.461 21,461 33,386 All of the above results are derived from continuing activities. All gains and losses recognised in the period are included above. The split of comparative funds is shown in nots 13. The notes on pages 12 to 16 form part of Ihese financial stslemenls. Page 9
IT'S A PENALTY BALANCE SHEET AS AT 30 SEPTEMBER 2024 Notes 2024 2023 Fixed Assets Intangible assets Current Assets Debtors Cash al bank and in hand 18,691 6,774 41,579 25,465 41,579 Creditors: amounts falling due wlthln one year 14,0041 18,193) Net current assets I Iliabilitiesl 21.461 Net assgts 21,461 33,386 Repre$ent¢d by: Unreslricled funds Restricted funds 9110 21,461 33,386 Total Charity Funds 21,461 33,386 The financial statements were approved by the Trustees on 17 January 2025 and were signed on their behalf by.. Trustee M Mallk The notes on pages 12 10 16 form part of these financial statements. Page 10
IT'S A PENALTY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Cash flows from operating activities: Net cash {used inllgenerated from operations Net ¢a5h flows 12 134,8051 134,805 134,1441 134,1441 (Decreasevlncrease In ¢a$h and cash equivalents in the year Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year {34,8051 {34.144) 41,579 6,774 75.723 41,579 Page 11
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1. Accounting policies Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- Icharits'es SORP IFRS 102}}. Il's a Penalty meets the definition of a public benefit entity under FRS 102. Assets and liabilitses are initially recognised al hislo¥ical cost or transaction value unless otherwise slated in the relevant accounting policy nole{sl. Income Donations and Grants Income from donations and grants is included in incoming resources when received. Income is then deferred when a condib'on which is placed Lspon the Charity's enlillemenl to it has not yet been completed. Don8tions receivable for the general purposes of the Charity are credited to general unrestricted funds. Donations for purposes restried by the wishes of the donor are taken to restrtcted funds. Intangible incorne in the form of valuable good or services donated lo the Charity at some actual expense lo the donor are included in the Statement of Financial Activities when the benefit is quantrfiable and measurable. Expendlture Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Intangible Assets and Amortisation Intangible assets are slated al cost less accumulated amortisalion and any accumulated impairment losses. Amortisation is provided al rates calculated lo write off the cost less estimated residual value of each asset over ils expected useful life, as follows.. Website Development 3 years slraighl line Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial slalemenls. Page 12
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS Icont'd) Restricted fvnds comprise funds donated lor specrfic purposes. The aim and use of each fund is set out in the notes. Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Credttors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probabty result in the transfer of fvnds to a third paty and the amount due lo settle the obligation can be measured or estimated reliably. CrediloTS and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. Financial instruments The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenly measured at amortised cost using the effective interest method. 1. Going concern At the time of approving the financial slatemenls. the Trustees have a reasonable expectation that the CIO has adequate resources lo continue in operational existence for the foreseeable future. In making this assessment, the mitigating actions that can be taken to control costs and the ability of the Charity lo borrow or fundraise for additional fL¢nds, that the Charity has adequate resources to conts'nue in operational existen for the foreseeable future. Thus the Trustees continue lo adopt the going Conr basis of accounting in preparing the financial statements. 2. Donation5 and granls 2024 2023 Inslitulional income Other income 314.510 222.140 536 650 327.783 128,232 456,015 Total Income trom donations and grants was £536,650 12023.. £456,015) of which £38.258 12023.. £Nill was stricted. Other income includes £58,72712023.' £99,075) relating to donations in kind principally provided for professional services Qontribuling lo advancing our advocacy agenda. Included within inslitubonal income is an amount of £38,258 {2023". £nill relating lo donations in kind received by the Charity. Page 13
Irs A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS Icont'dl 3. Expenditure on charttable activities Unrestricted Restricted 2024 2023 It's a Penalty Campaign Salaries & Nl Consultants Design & Athork Website Promotion Social Media Development Filming & Production Travel & Accommodation Legal Expenses Charitable Donations Subscriptions Telephone & Internet Bank Fees Printing & Stationery Currency g8inlllossl 121,121 125,289 24.677 2.541 88,732 10,413 33,239 18,450 58,727 9,239 355 499 567 917 756 121,121 125,289 24,677 2,541 126,990 10,413 33,239 18,450 58,727 9.239 355 499 567 917 756 129,936 100,564 4.050 3.144 50,108 77,617 9,850 21,156 66,202 38.258 Total 495 522 533 780 462 627 Expenditure includes £58,727 12023.. £99,0751 relating to donations in kind for professional services ontribuling to advancing our advocacy agenda. 4. Other Expenditure Unrgstricted Restricted 2024 2023 Support Costs countancy Travel & Refreshments Other Costs Governance costs Independent Examiner's Fee 11.280 11,280 10.000 6,146 5,383 457 457 3,058 3,058 14.795 2,780 5. Staff numbors and expenses There was no Trustees. remuneration during the financial year and trustee expenditure of £nil was reimbursed {2023,' £nill The average number of persons employed by the CIO during the year was.. 2024 2023 Average staff headcounl staff costs Wages and salaries Social security costs Pension 109,407 7,588 4,126 121,121 116.875 8.680 4,416 129.971 Page 14
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS {cont'dl 5. Staff numbers and expenses (cont'dl One employee's emoluments exceeded £60.000 as disclosed below.. Salary Social security costs Pension 77.500 5.746 3.100 86.346 80,000 6.207 3.200 89,407 6. Intanglble Assets Wgbsito Total Cost Brought forward Additions Carried forward 6,000 6,000 6,000 6,000 Amortlsation Brought foM8rd Charge for the year Carried forward 6.000 6.000 6.000 6.000 Carrying value At 30 September 2023 At 30 September 2024 7. Debto 2024 2023 Trade Debtors Prepayments Total 13,135 5,556 18,691 8. Creditors: amounts falling due wlthln one year 2024 2023 Trade Creditors Taxation and Social Security Accruals Total 3,058 646 300 4,004 3,780 3,800 613 8,193 9. Analysis of net assets betwogn funds Unrestricted Funds Restricted Funds Totsl 2024 Total 2023 Fund balance5 at 30 September 2024 are represented by.. Tangible fixed assets Current assets Creditors due within one year 25,465 4,004 21.461 25.465 4,004 21.461 41,579 33,386 Page 15
IT'S A PENALTY FOR THE YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS {¢ont'd) 10. Analysis of charitable funds Unrestricted Funds Restricted Funds Total Funds Brought forward al 30 September 2023 33,386 33,386 Income 498,392 38,258 536.650 Expenditure {510,3171 138,258) {548.5751 Transfers Balance at 30 September 2024 21861 21,461 11. Related parties Irg a Penalty received £21,600 12023 £12,019) in donation$ from Sysdo¢ Ltd in whtch K Corich is a director. 12. Cash Ilows from operating activities 2024 2023 Nel income for the year Adjustments for.. Ilncreasell decrease in debtors Increaselldecreasel in creditors Net cash (used inllprovided by operating activities 111,9251 130,921} {18,6911 4,189 34.805 3,223 34,144 13. Comparatlve Statement of Financial Activities Unrestricted General Restricted Funds Total 2023 Income Income from Ggnerated funds Donations and grants Total Income 456,015 456,015 456,015 456.015 Ex endlture Charitable Activities Expenditure on charitable activities 462,627 462,627 Other Expenditure Support costs 24,309 24,309 Total expenditure 486,936 Net movement in funds Balan at 1 October 2022 Balance at 30 September 2023 130,9211 64,307 33.386 130,921) 64.307 Page 16