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2022-03-31-accounts

Reference and Reference and Reference and administrative
details
Charity name Ambition,
Aspire, Achieve
Charity registration number 1167816
OFSTED registration number RP551614
Registered and Principal office 64 Stanford Road
London
E63QS
Principal delivery base Terrence Brown Arc in the Park
Hermit Road Park
Bethell Avenue
Canning
Town
E164JT
Trustees Christine
Bowden		 Chair
Colin Andrew Grainger
lldiko Melba Pslhazy
Haydn
Powsll
David Sums
Sarah Ruiz
Eustace Belle-Vue
Karen Ay
Sharon Kaur
Steve Cameron
John Bergin
Carleene Lee-Phakoe
Helen Page
Mark Stuart Perkins- appointed 1 April 2021
Key management personnel Jonny Boux -Chief Executive
Paula Blake -Operations Manager
Patrons Tsny Brown
Lyn Brown MP
Glyn Hopkins
Ricky Grover
Bankers CAF Bank
25 Kings
Hill Avenue
West Mafiing
ME194JQ
Legal Advisor Wiseman
Lee
Insureres Arthur JGallagher Brokers
Accountants Lail Ondhia
Ltd
Chartered
Cerbfied		 Accountants
Charter House
8-10Station Road
Manor Park, London
E125BT

Reference and administrative Reference and administrative details 1
Trustees'
Annual
Report		 2
Statement oftrustees' respobibilities 12
Independent
examiner's		 report 13
Balance sheet 15
Funds Statements:-
Statement ofFinancial Activities 16
Cash flow statement 17
Notes tothe accounts 18

Over the coming year, the Trustees'
priorities are to:		 Over the coming year, the Trustees'
priorities are to:
To continue
to strengthen
the charity's
infrastructure,
ensuring
longer-term
sustainability		 and
qualitative		 and effective
delivery
that
makes
a
positive
difference
for
each
individual
child
and
young		 person participating in our
services/activities/programmes.
With difficult times set to continue
for our service users,		 an essential priority will be to
continue
grow our services to best meet the needs of children
and young people residing		 in areas surrounding our hubs,
whilst providing
interventions
more widely
in Newham
where our services and interventions		 are most needed.
Specific key targets are to:
1. Further improve
reporting,
recording
and evaluation
systems to demonstrate
our impact		 and robustly
monitor		 our work,
including:
Continuing
to develop existing
monitoring
and recording tools, maximising
our Upshot		 MEL system to help
improve attendance
monitoding
and outcome measurement
Scoping and beginning
the process to achieve additional
organisational
accreditions/quality		 marks
(e.g., Investors
in People, London
Living Wage)
Improving
administration
capacity,
recruiting
additional
administration
and office support,		 with a longer-term
aim to firm up and formalise a new staffing structure
to support back office functions.
2. Tocontinue to grow and develop the diversity ofAmbition
Aspire Achieve's
funding
and		 supporters
base including:
Increasing
our established
Community
Christmas
Trees enterprise
turnover
by 20%.
Explore options to create new enterprises
to help raise core income for our work
Increasing
our corporate funders
network
by five and establishing
a programme
offundraising
events		 and
initatives for 2022-2023, including
the return of our annual
Brick Lane Music Hall benefit evening
and
fundraising
opportunities
for business
supporters
Securing new multi-year
grant funding to grow our work with vulnerable
children
and		 young people and the
delivery ofyouth activities and interventions
Securing development
grants and raising new funding
to strengthen
sustainability
3. To progress
plans to improve
Ambition
Aspire Achieve's
facilities, along
with securing		 new investment, to improve ti
overall
quality ofour offer and extend opportunities
that can be delivered,
including:
a) Terence Brown Arc in the Park
Progressing
work to improve existing
internal
spaces, including
redecorating
and improving		 our Arc annex
space
Continuing
to improve outdoor areas and green spaces at the Arc, including
repairs to		 the adventure
playground
and outdoor seating area, whilst renewing
existing facilities
Upgrades
and repairs to existing heating systems
and lighting,
reducing
the buildings		 carbon footprint, exploring
new green grants for this purpose,
including
scoping a 'future
proofing'
project, to help combat rising		 premises
costs and energy bills
Improving
storage areas for resources,
repurposing
existing shipping
containers
Sourcing new funding
to install an outdoor classroom
and den-building
area

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2022 2021
f f
Cash flows from operating
activities
Net cash provided
by operating
activities as shown		 below 125,720 312,048
Cash Rows from financing activities
Net cash provided
by financing		 activities
Overall cash provided
by all activities		 125,720 312,048
Cash movements
Change
in cash and cash equivalents		 from activities in the year
ended 31 March 2022 125,720 312,048
Cash and cash equivalents
at
1 April		 2020 527,372 215,324
Cash at bank and in hand less overdrafts at 31 March 653,092 527,372
Reconciliation
ofnet income to		 net cash flow from operating activities
Net income as shown
in the Statement
of Financial		 Activities 86,116 191,882
Adjustments
for:-
Decrease/(increase)
in debtors		 22,418
Increase
in creditors, excluding
loans		 39,604 97,748
Net cash provided
by operating		 activities 125,720 312,048
Analysis ofcash and cash equivalents
2022 2021
K R
Cash
in hand at for the year ended 31 March 2022		 653,092 527,372
Notice deposits - (less than 3months)
Total cash and cash equivalents 653,092 527,372

Salary costs 2022 2,021
6
Gross Salaries excluding trustees and key management personnel 487, 145 319,087
Employer's
National		 Insurance
for all staff		 25,570 15,303
Employer's
operating		 costs of defined
contribution		 pension schemes 4,671 3,337
Total salaries, wages and related costs 517,386 337,727
Numbers ofemployees
and full time ertulvalents		 2,022 2,021
The average
monthly		 head count was 67 107
The average
monthly		 number offull time equivalent employees durring the year 28 27
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any
related
entity, either		 in the current or prior year.

Trade debtors
Prepayments
and accrued income
8 Creditors: amounts falling due within one year
Accruals
PAYE, NIC VAT and other taxes
Other creditors
9 Income and Expenditure account summary
At 1Apdl 2021
Surplus for the year
At 31 March 2022

At 31 March 2022 unrestricted Designated Designated Designated Restricted Restricted Total
funds funds funds Funds
6 6 6 6
Current Assets 463,128 189,963 653,092
Current
Liabilities		 (225,687) (225,687)
237,441 189,963 427,405
At 1 April 2021 Unrestricted Designated Restricted Total
funds funds funds Funds
6 6 6
Current Assets 499,398 27,974 527,372
Current
Liabilities		 (186,083) (186,083)
313,315 27,974 341,289
11 Change
in total funds over the		 year as shown in Note 10,analysed by Individual funds
Funds Movement in Funds cerned
brought funds In 2022 forward to
forward from between funds 2022
2021 in 2022
See Note 12 See Note 0
6 6
Unrestricted
and designated		 funds:-
Unrestricted
Revenue		 Funds 313,316 49,416 362,732
Total unrestricted and designated funds 313,316 49,416 362,732
Restricted funds:-
Restricted Revenue Funds 27,973 36,700 64,673
Total restricted funds 27,973 36,700 64,673
Total charity funds 341,289 86,116 427,405
12 Analysis ofmovements in funds over the year as shown
in Note		 11
Other
Income Expenditure Gains & Movement
Losses in funds
2022f 2022
6		 2022
6		 2022
Unrestricted
and designated		 i'unds:-
Unrestricted
Revenue		 Funds 266,257 (216,841) 49,416
Restricted funds:-
Restricted Revenue Funds 568,270 (531,570) 36,700
834,527 (748,411) 86,116
13 Ultimate controlling party
The charity is under the control of its trustees.

14 Income from grants and donations and donations and donations
Current year Current year Cunent year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2022 2022 2022 2021
Grants and donations
Donations
and gifts		 134,434 134,434 244,414
Grants received 568,270 568,270 424,287
Furlough
grants (CJRS)		 13,772 13,772 61,592
Total grants and donations 148,206 568,270 716,476 730,293
Total Income from grants and donations 148,206 568,270 716,476 730,293
15 Income from charitable activities
Current year Current year Cunent year Prior Year
Unrestricted Restricted Total Funds TotslFunds
Funds Funds
2022 2022 2022 2021
Primary purpose
and ancillary		 trading
Xmas trees sales 13,308 13,308 13,963
Let0ng of property for charitable purposes 860
Total Primary purpose and ancillary trading 13,308 13,308 14,823
16 Charitable
income from		 funders
Cunent year Current year Current year Prior Year
Unrestricted Restricted Total Funds TotslFunds
Funds Funds
2022 2022 2022 2021
Contractual
payments		 from public bodies to fund charitable
activities
London Borough of Newham 100,468 100,468 76,327
Barnardo's 4,275 4,275 14,860
Total contractual
payments		 from public bodies 104,743 104,743 91,187
Total Charitable
income from		 funders 104,743 104,743 91,187
22
Cunent year Current year Current year Prior Year
Unrestricted Restricted TotaIFunds Total Funds
Funds Funds
2022 2022 2022 2021
Total income from charitable trading 13,308 13,308 14,823
Total Charitable income from funders 104,743 104,743 91,187
Total from charitable activities 118,050 118,050 106,010

Current year Cunent year Current year Prior Year
Unrestricted Restncted Total Funds TotsIFunds
Funds Funds
2022 2022 2022 2021
Gross wages
activities		 and salaries - charitable 83,113 404,031 487,145 319,087
Employers'
Nl —Charitable		 activities 25,570 25,570 15,303
Defined contribution
charitable
activities		 pension costs— 4,671 4,671 3,337
Consultancy expenses 40,993
Project costs 54,074 77,804 131,879 206,886
Total direct spending 167,429 481,836 649,265 585,606

Cunent year Current year Current year Prior Year
Unrestricted Restricted Total Funds TotsIFunds
Funds Funds
2022 2022 2022 2021
8 8 8
Cost ofXmas trees 10,138 10,138 8,512
Total charitable trading costs 10,138 10,138 8,512

Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds TotaIFunds
Funds Funds
2022 2022 2022 2021
8 0 8 0
Employee costs notincluded in direct costs
Training
and welfare - staff		 4,428 4,428 1,079
Travel and subsistence - staff 9,283 9,283 1,766
Admin staff expenses 7,568 7,568 275
Premises Expenses
Rent payable
under operating leases		 6,602
Rates and water charges 758 758 1,536
Light heat and power 4,747 4,747 2,486
Premises repairs, renewals and maintenance 6,468 19,275 25,743 10,155
Property insurance 12,630 12,630 16,154
Administrative
overheads
Telephone,
fax and internet		 3,160 3,160 2,860
Stationery and printing 267 267 1,347
Advertising
and marketing		 1,735
Sundry expenses 5,413 10,261 15,675 108
Independent
examination		 fees 4,750 4,750 4,200
Total support costs 39,274 49,734 89,008 50,303
21 Other Expenditure
-Governance costs
Current year Current yeal' Current yeal' Current year Prior Year
unrestricted Restricted Total Funds Total Funds
Funds Funds
2022 2022 2022 2021
Professional fees paid to the Auditor orIndependent Examinerin addition to audit and examination
fees
2022 2021
6 8
Fees paid tothe examiner's firm 4,750 4,750 4,200
Total additional fees included
at Note 20		 in support costs 4,750 4,750 4,200
Total Charitabl e
expenditure
Current year Cun»nt year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2022 2022 2022 2021
f 6
Total direct spending 167,429 481,636 649,265 585,606
Total charitable trading costs 10,138 10,138 8,512
Total support costs 39,274 49,734 89,008 50,303
Total charitable expenditure 216,841 531,570 748,411 644,421
Current year Current year Current year Prior Year
Unrestricted Restricted TotalFunds Total Funds
Funds Funds
2022 2022 2021