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2023-03-31-accounts

BUILD UP ANNUAL REPORT 2022 - 2023

Contents

Contents
1. Our Impact 3
Foreword by Hannah Monteith and Bewaji Oyesanya
Build Up’s Mission and Goals
Our Year in Numbers
Annual Highlights
This Year’s Progress Towards Our Goals
Next steps
2. Trustees’ Report 16
3. Independent Examiner’s Report 20
4. Statement of Financial Activities 20
5. Balance Sheet 21
6. Notes to the Financial Statements 21

2

Welcome!

Build Up exists for all young people to have a meaningful role and a say in the future of their communities. Thanks to the dedication of our partners, funders and supporters across our 13 projects, 352 young people have taken practical action to make London a better city for everyone.

This year we have invested time and resources into expanded roles for young people within Build Up. We have created five paid work placements roles, providing at least one paid role for a young person on every project we deliver. Our new Youth Advisory Board has launched a listening campaign to hear the experiences of 100 young people in their local area and shape our priorities for 2023.

I would like to personally thank the efforts and hard work of all our young people, work placement team, volunteers, staff, partners, parents, funders and supporters that make our work possible.

Hannah Monteith, Chair

I was part of the Build Up work placement team from March 2022 until August 2023. My placement was in design, and I worked with young people (10-23) on designing projects for their local environment. Working at Build Up has been a wonderful experience and I’m glad to be part of such a team. I get to work with different people from different backgrounds and learnt so much in the process. It has also taught me how much more there is to the built environment than just drawing buildings.

I joined the Build Up advisory board this January. It was created this year and involves work placement team members and graduates like myself coming together to share ideas on how we can enable young people to shape our projects. I hope that the advisory board achieves its goals of helping Build Up to create a more inclusive environment for young people and enabling them to have a say over development and decisions in their area.

Bewaji Oyesanya, Youth Advisory Board

3

Our aim is to build the power of young people to shape where they live, and to fundamentally change who can make decisions about London.

Build Up runs practical design and construction processes for young people aged 10 - 23, which create permanent, high-quality and accessible spaces for local communities. We have three main goals:

1. Young people develop skills, confidence and power to lead change

2. Local people are involved and included in regeneration

3. A stronger sense of community, now and in the future

BUILD UP WORKS WITH LOCAL PARTNERS TO CREATE A PROJECT BRIEF. A SHARED SPACE DESIGNED BUIIT AND OWNED By LOCAL PEOPLE YOUNG PEOPLE CONSUL T PEOPIE Of AIL AGES AND DEVELOP A DESIGN THE NEW SPACE IS OPENED BY YOUNG PEOPLE DDCDO - L, -. 000 YOUNG PEOPLE 6viiD THEIR DESIGN, SUPPOR TED BY PROfESSIONAL ST Af f AND VOIUNTEERS THEY PITCH PROPOSALS 6AcK TO COMMUNITY MEM6ERS @e

Our year in numbers:

8 spaces transformed

352

young change-makers

30

partnerships formed with schools, youth clubs, local businesses and community groups

3000

young people directly benefiting from our spaces

5

paid staff positions for local young people

6

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2022 - 23 Highlights

1. OUR YOUTH ADVISORY BOARD

This year we set up our first formal youth advisory board to shape Build Up’s work in 2023. The board launched a listening campaign to hear 100 young people’s experiences of their local area and identify Build Up’s priorities for the next year.

2. WE CREATED FIVE PAID WORK PLACEMENT ROLES FOR LOCAL YOUNG PEOPLE

In the second year of our expanded work placement programme, we created five paid roles in design and construction. We are really proud that this year a third of the staff on Build Up’s youth sessions were work placement programme members.

3. OVER 1500 YOUNG PEOPLE TOOK PART IN CLIMATE HOME, A YOUTH-LED CLIMATE JUSTICE FESTIVAL BUILT BY YOUNG PEOPLE

Build Up worked with Sounds Like Chaos, Practice Architecture, The Albany and Youth First to create Climate Home: a summer long programme of events, performances and workshops centering young people in the climate justice movement. Build Up’s young people built the festival stage, a permanent new facility for Richard MacVicar Adventure Playground, Deptford.

4. WE RAN OUR FIRST LARGE SCALE PUBLIC SPACE DESIGN PROJECT WITH YOUNG PEOPLE

In February and March, Build Up worked with 14 young people to commence our first large scale public realm design project. Working in partnership with community organisation One Stonegrove, Fuse Youth Project and architects Kennedy Woods, the team developed a new design for the external areas of the One Stonegrove community centre.

BEST EMERGING PRACTICE AWARD WINNERS

5.

Build Up is proud to have won Best Emerging Practice at the Thornton Education Trust Inspire Future Generations Awards.

7

THIS YEAR'S PROGRESS TOWARDS OUR GOALS...

1. YOUNG PEOPLE DEVELOP SKILLS, CONFIDENCE & POWER TO LEAD CHANGE

This year 352 young people have taken part in Build Up projects, leading the transformation of parks, estates and public spaces in their local neighbourhoods.

POWER & SELF BELIEF

After taking part, 82% of young people said that they felt able to have a say about their area or help their community, now or in the future.

100% of parents & guardians felt that young people developed more personal confidence and self-belief during the project.

93% of young people felt listened to in their local area as a result of the project.

“

I’ve worked with Build Up for 3 months now and it has been such a great experience. I’ve worked on 4 projects within those 3 months, my first being a project in Tottenhall Recreation Ground, where I helped build a parkour course with a group of kids from a local primary school. Another was building benches at a community centre and the third was in the Olympic Park. My most recent project was building a treehouse at an adventure playground.

I’ve learnt so much during my time working with Build Up. How to use tools I’ve never used in school, how to teach and lead a group of kids to carry out tasks. I think this whole experience has helped me build confidence in leading a group and sharing my ideas on projects. I even gained unexpected experience in interviewing when being a part of the youth panel interviewing for a new Programme Manager. My favourite part has to be building things I’ve never built before, such as the treehouse and working with loads of different people, which have definitely helped with my social skills. ”

Daniela, 19, Work Placement Programme

CONFIDENCE IN THEIR ABILITIES

85% of young people feel more confident working independently

78% of young people feel more confident communicating their ideas

DEVELOPING SKILLS

96% learnt new 74% developed construction their listening & skills communication skills

85% developed skills for working with others

9

I feel more confident, because I can go into new ” experiences equipped with the skills I’ve learned.

“

Sudez, 10, Project Participant

“ The best part for me, was the building the treehouse in general, because normally I have nothing to do, I’m a free man. I don’t have much to do, apart from stay home and stay on my phone. It was good to use my time wisely to ” come out and learn, to learn useful skills.

Danny, 14, Project Participant

“ The young people involved see themselves as people with ideas and they are learning how to get the resources to make them a reality. They can see their ideas not only ” matter but that they are central to their communities.

Gemma Rowan, Project Partner, Sounds Like Chaos

10

2. LOCAL PEOPLE ARE INVOLVED AND INCLUDED IN REGENERATION

“

They were fantastic. The staff from Build Up were so calm, so patient. Absolutely wonderful. Because the young boys and girls they were working with were special needs and they were so patient with them. I can’t praise them enough. I mean, you’ve only got to talk to the young people. Because when I said to him, oh, how do you fancy doing that again. They all went yeah, yeah. And even the girls that hadn’t engaged before took part. I didn’t think it would keep their attention span. But it did. They were out there till way after their time to go. And just yeah, just ” everyone. They just all were really, really engrossed in it.

Julie Fyffe, Project Partner, Belvedere Community Centre

“

There’s never been a time where engaging young people in urban communities has been more important. Without Build Up’s skills, enthusiasm and know-how, we would not have made such a significant impact in Tottenham and ” Newham.

Mike De-Ath, Project Partner, HTA Design

“ I think the Peace Garden is a step in the right direction. Our attitude and relationship to nature is important for proper development.”

Ajay, 19, Project Participant

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João’s Story

João, 16, was part of Build Up’s Project in Somerford Adventure Playground in Tottenham, creating a new treehouse. Build Up have had a long relationship with Somerford Grove and João has participated in three Build Up projects.

João has been going to Somerford Grove for 8 years and has a strong relationship with the playground and staff members. According to staff, João has had a challenging childhood and experienced bullying at school. João’s dad has a long-term illness, and as a result he takes on a lot of responsibility in his family. He brings this responsibility to the playground to support others.

“When it comes to free time, I have to choose wisely what to do because I don’t know if my dad needs me.” João

“He’s found it really, really difficult. I think this [Somerford Grove] is a bit of a safe haven for him.” Tam Carrigan, Senior Playworker

João’s project experience

João wasn’t that keen on being involved with the construction of the project when it started, he seemed shy and wanted to spend time doing other things around the playground.

However, once he joined he was keen that the work was done to a high standard; and wanted the other young people to take the project seriously, not mess around and get things done.

He regularly showed leadership skills, showing others how to do practical tasks and took the lead in ensuring everything was finished which meant the project progressed. He was a good motivator to the other young people and was able to help others focus when they got over excited.

“It was fun. It was first time any of us had done this, so we didn’t know how to do it: we never

had really built a treehouse before. We got to use the machines, put forward our ideas and applied them to the work. The fun bit is you actually get to do the practical making of it.” João

A space to be and to grow

With challenges in family life and at school, it’s been really important for João to have a space for himself on the project and at Somerford Grove. It’s clear when talking to João that he is proud of the playground and his input into it through various Build Up projects.

Through opportunities like this, João has been able to develop as a responsible young adult and as an older young person on the project, supporting his peers with their own development. According to Tam, Senior Playworker, this “was a real change to him in previous years” . Now, João sometimes helps Tam maintain and care for the playground.

Normally, when we say our ideas, they don’t make it into reality. But this time some of the ideas actually went to the final ” project.

“

João, 16, Project Participant

12

3. A STRONGER SENSE OF COMMUNITY, NOW & IN THE FUTURE

81% of young people felt a stronger connection to their neighbourhood.

100%

of people engaging with the project say they feel the space is more welcoming.

67% have met or worked with people of different backgrounds and experiences.

Yeah, the young people love it. It’s one of the most used things in the park. There is a platform people can sit on and you do get people sitting having a chat on there but also a lot of kids using the ramp to run up and jump on in the bars. It’s incredibly well used and really well liked.

“

Everyone talks about how it looks cared for. Something that looks crafted rather than just something that’s been plonked in. You know, not some generic catalog thing. I think that makes people feel pride in the park which is really important.”

Kristiana Heapy, Project Partner, Friends of Tottenhall Recreation Ground

13

IqLI

Next steps...

Next year, we’re aiming to expand the breadth and depth of our work, by involving more young people in every stage of creating positive physical change in their local area.

We will deliver on the priorities of our youth advisory board: “creating safe spaces where young people can hang out”.

1. Create new spaces where young people can hang out in local areas.

2. Set up projects that give young people a say in regeneration.

3. Expand our understanding of how Build Up can promote the safety of young people in their built environment.

Want to get involved?

We’re always keen to connect with people and organisations that can help set up projects or support our work. To find out more, please visit our website or get in touch with our Director, Huan Rimington, using the contact details below.

Phone: 07427 704291 Email: info@buildup.org.uk

Website: www.buildup.org.uk Instagram: @build_up_foundation

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2. Trustees’ Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with its financial statements for the year ended 31 March 2023. They have complied with the duty to have due regard to guidance issued by the Charity Commission.

Administrative Details Of The Charity, Its Trustees And Advisers

Charity registration

1163872

Company number 09365881

Registered office

Cody Dock, 11c South Crescent, Canning Town, London E16 4TL

Website

www.buildup.org.uk

Trustees

Hannah Monteith (Chair) Neba Sere (Vice Chair) Linnie McLarty (Trustee)

Independent accounts examiner

Kubed Solutions Limited Kubed Solutions Ltd, P. O. Box 482, AL10 1GG, United Kingdom

Bankers

NatWest Bank Black Lion House 45 Whitechapel Road London E1 1DU

Senior staff

Huan Rimington (Director)

Structure, Governance And Management

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23rd December 2014 and registered as a charity on 7th October 2015.

The Board of Trustees is responsible for overseeing strategic development, and ensuring legal and statutory compliance. It meets on a three-monthly basis. Trustees and company secretaries play an active role in operational matters as needs dictate. Responsibility for dayto-day management of the charity is delegated to the Director.

Trustee positions are advertised through networks, contacts and on our website. Anyone interested in joining the board is required to complete an application outlining how their skills and experience meet the requirements of the role. All shortlisted candidates are interviewed by the chair of trustees and the director. New trustees receive a full induction prior to joining the board.

Aims And Objectives

Build Up runs practical construction projects for those aged 10-23 years old to design and build structures in their local communities. Working in community centres, housing estates and public places, we support young people to design and build places that matter to them and allow them to have a genuine say in the regeneration of their community.

We enable participants to take on new roles and experiences, which help them fulfil their potential and make successful pathways into long-term employment, education and community life.

Our objectives, as set out in our governing document, are:

To act as a resource for young people in the Greater London area by providing advice and assistance, and organising programmes of physical, educational and other activities as a means of:

(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;

(b) advancing education;

(c) relieving unemployment;

(d) providing recreational and leisure-time activity in the interests of social welfare for people living in the area of benefit, who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances, with a view to improving the conditions of life of such persons.

16

Build Up’s Theory of Change

At Build Up, our aim is to build the power of young people to shape where they live and to fundamentally change who can make decisions about London. We do this through practical design and construction processes, which create permanent, high-quality and accessible spaces for local communities.

Young people develop skills, confidence and power to lead change

Local people are involved and included in regeneration

A stronger sense of community, now and in the future People feel welcome, safe and want to spend time in their local area

People feel included in change that’s happening locally

Young people gain practical, vocational and social skills

Young people develop resilience, confidence & self-belief

People feel positive about the change that is being created in their community

People (and organisations) feel increased trust and connection with other residents of all ages, backgrounds and genders

Young people who have experienced marginalisation have the belief that they can effect change, now and in the future Young people are in charge of practical, physical and visible changes to the world around them

The creation of permanent, high quality, accessible spaces for everyone

The following activities take place across the consultation process, the design phase, the construction process, and the public opening and use of the new community space

Young people make meaningful decisions: Young people are trusted & given responsibility:

For example, being involved in city planning meetings with policy-makers, or deciding what kind of facilities or structures will be included in the project (play equipment, seating, garden areas etc.)

They use construction tools and are guided in learning how to assess and manage risks

Young people are supported to find what motivates them within a project, then have opportunities to lead on activities e.g. practical tasks, community engagement, presentation skills etc.

Young people access new roles & experiences:

Young people learn by doing:

By working directly with a wide range of tradespeople and professionals , as well as diverse groups of peers who have different opinions, abilities and needs

Applying critical thinking and problem-solving skills to overcome challenges on and off site, and use of peer-topeer learning when teaching new skills

Young people have the space and time to reflect on learning as they go, and celebrate achievements

Exploring inclusion issues as they are encountered (e.g. sexism in construction), with staff facilitating safe spaces for young people to negotiate personal differences and conflict

Involving the wider community:

Build Up works in close partnership with local community groups. Young people consult other community members to help shape their design ideas, and then work together during volunteering days

Public openings take place for young people to ‘hand back’ spaces to their community and celebrate achievements together

17

Beneficiaries

Build Up Foundation works with disadvantaged young people aged 10-23 years old with diverse needs. These include:

Across London, young people are being side-lined, ignored, forgotten and feel they can’t take part in changes that affect their lives. All young people need opportunities and experiences to fulfil their true potential. Access to this experience depends on who you know and for young people that don’t get one well with school, the way forward is harder still. Our young people are held back by our society; they are deprived of the support, resources and connections they need to grow up and make successful transitions into adulthood. We aim to change this.

(£218,019 in 2022). The income comprised donations of £41,609 (2021/22: £19,944) and income from charitable activities, in the form of donations, grants and commissions, of £202,391 (2021/22: £186,990). Other income amounted to £1,043 (2021/22: £11,085) with the income last year being from the government furlough scheme.

Of the total income, £65,501 was restricted (2021/22: £43,910) and £179,542 (2021/22: £174,109) was unrestricted. This has all been expended during the year.

Build Up has continued to benefit from diverse income streams from a range of funders as can be seen in Note 2 to the accounts. The majority of income received has been unrestricted in nature, notably £50,000 from the Re:arc Institute, £24,180 from Friends of Tottenhall Recreation Ground and Boundary Playing Fields and £20,000 from DCR Allen Charitable Trust. We also received £27,825 from City Bridge Trust and £22,820 from London Community Foundation as restricted funding.

During the year Build Up were able to use this income to fund a number of key projects in eight different spaces which has also been reflected in the increase in our overall expenditure during the year from £208,896 in 2022 to £236,342. Of this, expenditure on charitable activities increased from £199,296 to £231,542 which is reflective of the increased income we have received during the year. Despite uncertain economic conditions, Build Up has continued to commit to worthwhile projects incurring the necessary staff and material costs to ensure this work continues.

Pension Arrangements

Public Benefit

In setting our objectives and planning our activities, the trustees have given consideration to the Charity Commission’s guidance on public benefit (PB1, PB2 and PB3) and have taken these into account in making all decisions. We have not departed from this guidance in 202223.

Build Up Foundation’s objectives are “to act as a resource for young people in the Greater London area by providing advice and assistance and organising programmes of physical, educational and other activities”. These are pursued by providing opportunities for disadvantaged young people to gain skills and experience through designing and building new spaces for their communities.

In Kind Support

We would like to say a special thank you to our in kind supporters, who have donated materials, goods and services throughout the year. The Worshipful Company of Builders Merchants and Toolbank continued to support our projects through the donation of tools and fixings. Our Climate Home project in Lewisham was supported by pro bono engineering services from Arup and subsidised rates on timber from Lawson’s Timber Building & Fencing Supplies. Adventure Playground Engineers provided Build Up with workshop space free of charge.

Financial Review

All eligible Build Up Foundation employees have been enrolled into the organisation’s NEST pension scheme, unless they have opted out. Employer contributions of £6,228 (2021/22: £6,460) have been made by Build Up during the year.

Reserves Policy

Build Up’s total reserves have grown from £142,544 to £151,245 during the year. Reserves comprise £146,245 general funds and £5,000 designated funds. There are no restricted funds carried over into the next year,

Reserves are maintained to provide a financial buffer to support the organisation through periods of uncertainty. Specifically to:

The Trustees have assessed Build Up’s financial viability by considering its reserve position, cash flow and future expected income and confirm at the time of signing that it remains a going concern.

Build Up received total income of £245,053 during the financial year ending 31st March 2023

18

Risk Management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to them. As at 31st March 2023 the biggest risk to Build Up’s operations continued to be the uncertain economic conditions impacting on our commissioners, funders and supporters, as well as resulting increases in material costs. We have set up new systems to budget, track and manage materials expenditure, thus reducing risks of unforeseen costs. We will continue to work with a wide variety of commissions, funders and supporters, which together provide greater resilience, and we will hold reserves to allocate to project delivery in event of unforeseen funding gaps.

Approved and authorised for issue by the Board of Trustees on 20th December 2023 and signed on their behalf by:-

Hannah Montieth (Trustee and Director - Chair)

Neba Sere (Trustee and Director - Vice Chair)

Other risks faced include the availability of grant funding and commission income as well as further disruption caused by inflationary price increases. Build Up have a robust financial management system that forecasts financial information for the next 3 years in order to plan ahead and anticipate financial challenges.

Statement Of Trustees’ Responsibilities

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law, they have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and group, and of the income, expenditure and financial activities of the charitable group for that period. In preparing these financial statements, the trustees are required to:

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

The company has taken advantage of small company exemptions, being a small company, not to include a Strategic Report; however the content in the Trustees Report constitutes similar content to a Strategic Report, as described in SORP Information Sheet 5, published by the Charity Commission.

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3. Independent Examiner’s Report

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Gouri Kubair

4. Statement of Financial Activities

INCORPORATING AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Notes
Income from:
Donations
2
Charitable activities
2
Other operating income
3
Total
Expenditure on:
Fundraising
Charitable activities
4
Total
Net Income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Funds brought forward
11
Total funds carried forward		 Unrestricted
General
£
35,427
143,073
1,043
179,542
4,800
159,006
163,806
15,736
(5,000)
10,736
135,509
146,245		 Unrestricted
Designated
£
-
-
-
-
-
5,000
5,000
(5,000)
5,000
-
5,000
5,000		 Restricted
£
6,183
59,318
-
65,501
-
67,536
67,536
(2,035)
-
(2,035)
2,035
-		 Total
Total
2023
2022
£
£
41,609
19,944
202,391
186,990
1,043
11,085
245,043
218,019
4,800
9,601
231,542
199,296
236,342
208,897
8,701
9,122
-
-
8,701
9,122
142,544
133,422
151,245
142,544

All transactions are derived from continuing activities.

There were no recognised gains and losses in either the current or the previous year. The notes on pages 21 to 23 form part of these financial statements.

Address: Kubed Solutions Ltd, P. O. Box 482, AL10 1GG, United Kingdom

Date: 20th December 2023

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5. Balance Sheet

AS AT 31 MARCH 2023

Notes
Fixed assets
9
Current assets
Cash at bank and in hand
Debtors: amounts falling due within one year
9
Creditors: amounts falling due within one year
10
Net current assets
Net assets
Funds
Unrestricted funds
General funds
12
Designated funds
12
Restricted funds
12
Total funds		 2023
2022
£
£
10,085
13,521
115,978
121,904
59,594
12,207
175,572
134,111
34,412
5,088
141,160
129,023
151,245
142,544
146,245
135,509
5,000
5,000
-
2,035
151,245
142,544

The notes on pages 21 to 23 form part of these financial statements.

For the financial year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 Companies Act 2006. No member of the charity has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charity.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements were approved and authorised for issue by the Board of Trustees on 20 December 2023 and signed on their behalf by:

Hannah Montieth (Trustee and Director - Chair)

Neba Sere (Trustee and Director - Vice Chair)

Registered company number (England and Wales): 1163872 Registered charity number (England and Wales): 09365881

6. Notes To The Financial Statements

For the year ended 31 March 2023

1 Accounting Policies

1.1 Accounting convention

The financial statements are prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by charities (SORP 2015 – FRS 102 version), applicable accounting standards and the Companies Act 2006. The charity has taken advantage of the Small Entity provisions of FRS 102. The financial statements are presented in Sterling (£).

Statement on going concern

After reviewing the charity’s forecasts and projections, the directors have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.2 Company status

The charity is a company limited by guarantee. The directors of the company are the trustees named on page 5. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Incoming resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

1.4 Expenditure

All expenditure is included on an accruals basis and is inclusive of all VAT, which cannot be reclaimed, and is reported as part of the expenditure to which it relates.

1.5 Depreciation

Apart from purchases of individual items of furniture and office equipment costing less than £1,000 and computer software, which are written off in full in the year of purchase, all fixed assets are depreciated over their anticipated useful lives on a straight line basis as follows: IT equipment - 3 years, Motor vehicles - 5 years.

1.6 Funds

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 are unrestricted funds which the Trustees have earmarked for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. The aim and use of any restricted funds are set out in the notes of the financial statements.

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1.7 Gifts in Kind

Gifts in kind and donated goods and services are recognised in the accounts when the benefit to the charity is quantifiable and measurable. The value is the price the charity estimates it would pay should it purchase equivalent goods or services. The estimated valuation of gifts in kind is based on the value of the contribution to the charity, or the valuation the charity would have had to pay to acquire the goods or services. A corresponding amount is recognised within expenditure in the period of receipt.

3 Other Operating Income

Miscellaneous income
Recovery from HM Government of 80% of furloughed staff costs		 2023
2022
£
£
-
9,840
1,043
1,245
1,043
11,085

2 Analysis of income

Donations
The Tobacco Pipe Makers and Tocabbo Trade Benevolent Fund
Worshipful Company of Builders Merchants
Worshipful Company of Fan Makers
The Desmond Foundation
Lennox Hannay Trust
Worshipful Company of Security Professionals
Worshipful Company of Gold & Silver Wyre Drawers
The Hale Trust
New London Architecture
Gowling WLG (UK) Charitable Trust
Donations of £100 or less
Donated materials and services
Tool Bank
ARUP Engineering
Grants and commissions
Re:arc Institute
City Bridge Trust (see note)
Friends of Tottenhall Recreation Ground and Boundary Playing Fields
London Community Foundation
DCR Allen Charitable Trust
Tudor Trust
Worshipful Company of World Traders’ Charitable Trust
National Lottery - Community Fund
Stonegrove Community Trust
Practice Architecture
Peabody Trust
Victoria & Albert Museum
Sounds Like Chaos
London Borough of Waltham Forest
Loughborough Action Group
Friends of Tower Hamlets Cemetary Park
Allford Hall Monaghan Morris
University of Westminster		 Unrestricted
£
6,250
5,500
5,000
2,000
1,500
1,500
1,000
500
500
147
8,530
3,000
35,427
50,000
1,325
24,180
20,000
15,000
3,000
7,680
6,740
5,000
3,200
2,135
1,850
1,000
1,000
500
463
143,073		 2023
Restricted
Total
£
£
6,250
6,183
6,183
5,500
5,000
2,000
1,500
1,500
1,000
500
500
147
8,530
3,000
6,183
41,609
50,000
26,500
27,825
24,180
22,820
22,820
20,000
15,000
3,000
9,998
9,998
7,680
6,740
5,000
3,200
2,135
1,850
1,000
1,000
500
463
59,318
202,391

Note: City Bridge Trust have provided total restricted grant funding of £46,000 over a two year period. In 21/22 £19,500 was received that has been classified as restricted income in line with the terms of the grant.

4 Analysis of expenditure on charitable activities

a) by fund type

Public spaces
Support costs
Public spaces
Support costs
b) by activity
Public spaces
Public spaces
Adventure Playgrounds, Youth and
Community Groups
Adventure Playgrounds, Youth and
Community Groups
Adventure Playgrounds, Youth and
Community Groups
Adventure Playgrounds, Youth and
Community Groups		 Unrestricted
general funds
£
79,616
58,866
25,524
164,006
Unrestricted
funds
£
46,460
68,100
32,141
146,701
Activities
undertaken
directly
£
110,677
84,871
195,548
Activities
undertaken
directly
£
48,793
110,032
158,825		 Restricted
funds
£
31,061
26,005
10,470
67,536
Restricted
funds
£
2,333
41,933
8,330
52,596
Support
costs
£
20,372
15,622
35,994
Support
costs
£
12,433
28,038
40,471		 Total funds
2023
£
110,677
84,871
35,994
231,542
Total funds
2022
£
48,793
110,032
40,471
199,296
Total funds
2023
£
131,049
100,493
231,542
Total
Total funds
2022
£
61,226
138,070
199,296

22

5 Analysis of support costs

Staff costs and professional fees
Office, rent and governance
6 Staff remuneration and numbers
Wages and salaries paid to employees
Employer's national insurance contributions
Employer's contributions to pension plans		 2023
2022
£
£
24,544
28,955
11,450
11,516
35,994
40,471
2023
2022
£
£
87,953
95,378
4,013
4,584
6,228
6,460
98,194
106,423

The 2022 staff costs include those costs for employees furloughed during the year. The 80% recovery from HM Government is included in Other Operating Income.

No employees received emoluments in excess of £60,000.

The average number of full time equivalent employees is 2 (2021/22: 2)

7 Trustee remuneration and expenses

The trustees received no remuneration or reimbursements of expenses in the year or previously.

8 Fixed assets

Cost
Total at 1st April 2022
Additions
Disposals
Total at 31st March 2023
Depreciation
Total at 1st April 2022
Disposals
Depreciation
Total at 31st March 2023
Net book value
At 31st March 2022
At 31st March 2023		 IT
equipment
£
4,313
1,451
(1,410)
4,354
2,406
(1,410)
1,921
2,917
1,907
1,437		 Motor
vehicles
2023
Total
£
£
14,580
18,893
-
1,451
-
(1,410)
14,580
18,934
2,966
5,372
-
(1,410)
2,966
4,887
5,932
8,849
11,614
13,521
8,648
10,085

9 Debtors: amounts falling due within one year

Debtors
10 Creditors: amounts falling due within one year
Creditors		 2023
2022
£
£
59,594
12,207
2023
2022
£
£
34,412
5,087

11 Analysis of net assets between funds

Fixed assets
Current assets
Less: current liabilities
12 Movements in Funds
Unrestricted funds
General funds
Designated funds
Restricted funds		 At 31
March
2022
£
135,509
5,000
2,035
142,544		 General
Designated
funds
funds
£
£
10,085
-
170,572
5,000
(34,412)
-
146,245
5,000
Incoming
Resources
Resources
Expended
£
£
179,542
163,806
-
5,000
65,501
67,536
245,043
236,342
Unrestricted funds		 Restricted
Total
funds
Funds
£
£
-
10,085
-
175,572
-
(34,412)
-
151,245
At 31
March
Transfers
2023
£
£
(5,000)
146,245
5,000
5,000
-
-
-
151,245

General funds are intended to provide a financial buffer and are in line with our reserve policy of being 4 months of organisational running costs.

At the end of both 2022 and 2023 financial years £5,000 was set aside by the Trustees as a designated fund with the intention of using this amount towards internally funded project activity, as opposed to the project being funded by an external funder. Rather than use the full annual surplus to supplement our reserve position, the Trustees wanted to ensure funds were available to either start or complete a project where sufficient funds were not received or where the project outputs changed.

The restricted reserves at the end of 2022 relates to the final year’s depreciation on a van that was purchased in line with a grant we received. All restricted income received during the year has been spent with no amounts to carry forward.

23

Build Up Foundation Registered Charity 1163872, Company Number 09365881 This report has been designed using resources from Flaticon.com and Pixel perfect