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** **----- Start of picture text -----**
2
**----- End of picture text -----**
**----- Start of picture text -----**
1
**----- End of picture text -----**
**----- Start of picture text -----**
3
**----- End of picture text -----**
**----- Start of picture text -----**
5
**----- End of picture text -----**
**----- Start of picture text -----**
4
**----- End of picture text -----**
## **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 **11** ## **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 **15** ## **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: - Young people from low income households - Young people with experience of the care system or deemed at risk to social services - Young people with experience of the criminal justice system and/or at risk of offending - Young refugees and asylum seekers - Black, Asian and Minority Ethnic young people - LGBT young people - Young people experiencing behavioural difficulties, emotional trauma, mental health issues and barriers to education - Young people at risk of gang exploitation - Young people who are NEET (not in education, employment or training) - Young people who are deemed at risk and outside mainstream education (eg. in PRUs) 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: - Comply with the reserves policy of maintaining 4 months of forecasted operational expenditure to provide stability in case of unexpected events and ensure that the organisation remains robust. As at 31 March 2023, this amounts to £116,021. - Mitigate the uncertainty of going into the next financial year with significant unsecured income that could prevent us from carrying out our planned charitable activities if the funding does not transpire. In this respect, the remaining £30,224 of our reserves has been allocated to support the costs of running projects in the event we are not able convert unsecured income into confirmed funding. 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: - Select suitable accounting policies then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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. **19** ## **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: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records 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 **20** ## **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. - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. - All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other costs are apportioned on the basis staff time incurred. ## **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. **21** ## **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