Annual Report and Financial Statement
For the year ended 31st August 2024
theatm.org
Annual Report and Financial Statement For the year ended 31st August 2024 | 1
Contents
| Contents | |
|---|---|
| Trustees’ Annual Report (Incorporating Director’s Report) | 3-8 |
| Independent Examiner’s Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the account | 12-24 |
Annual Report and Financial Statement For the year ended 31st August 2024 | 2
Trustees’ Annual Report
The trustees, who are also the directors for the purposes of company law, present their report and the independently examined financial statements of the charity for the year ended 31 August 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name: Anti-Tribalism Movement
Charity registration number: 1168836 Company registration number: 07002550
Registered office: 5A Uxbridge Road Shepherd’s Bush London W12 8LJ
Trustees: Dheg Aidid – Chair Gwanwyn Mason Idil Hassan Abdirizak Issa Yusuf Abdi
Company Secretary: Bisharo Mohamud
Independent Examiner:
BK Community Accountant Ltd Chartered Certified Accountant 124 City Road London, EC1V 2NX
Bankers: NatWest Bank, 314 Chiswick High Rd, London, W4 5TB
Lawyers: Russell-Cooke Solicitors, 2 Putney Hill London, SW15 6AB
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Organisational Purpose
The Anti-Tribalism Movement (ATM) is a nonprofit organisation that is committed to combating tribal discrimination and promoting a fairer and more equitable society through our three strategic priorities of fostering tolerance, leadership development, and advancing social justice.
Strategic Priorities 2024-29
Three strategic priorities will underpin everything we do over the next five years. Each Priority is supported by a series of outcomes and methods taken to achieve them.
01. Fostering Tolerance
We have developed projects and campaigns that challenge existing stereotypes and promote understanding, tolerance, and awareness of inclusive societies. Through these initiatives, we connect with people from diverse backgrounds and foster dialogue and interaction in safe spaces. This helps to build collaboration, confidence, and trust between different communities, empowering them to address, challenge, and even overcome inequalities.
02. Leadership Development
Over the next five years, one of the Anti-Tribalism Movement’s strategic priorities will be leadership development. Through our projects, we will identify, develop, and amplify future leaders with tailored tools, networks, skills, and knowledge opportunities aimed at combating social inequalities. We will hone in on participants’ unique lived experiences and asset-based to enrich the depth and reach of our projects.
03. Racial and Economic Justice
There is a clear, evidence-based link between race and poverty. We will work directly with users, partners, community leaders, campaigners, and like-minded organisations to challenge racial and economic injustice. Our goal is to play a vital role in public policy by promoting an informed, healthy, and evidence-based approach to decision-making that best responds to community needs. We will build alliances, coproduce and develop policy papers, and create
programmes to increase wealth and income within Black and minority communities, ensuring that the rights and voices of marginalised people are represented.
Organisational Values
ATM operates on fundamental principles and organisational values, which we live and breathe every day:
Responsive
We will be agile in our responses to community needs and develop new services as the demand and external environment dictates.
Person/Community Centred
We will work with beneficiaries to embrace people’s power, lived-experiences, assets, and resources to achieve our goals.
Transparent
We will be transparent, open, honest, fair, and have integrity in everything we do.
Collaborative
We will work in partnership to tackle tribalism, injustice, and inequality.
As a well-established organisation, we have earned a reputation for being fair, visionary, and trustworthy. We enjoy credibility within the wider BAME community, particularly among those of East African origin, as well as grassroots minority organisations, donors, and policymakers. We frequently serve as the initial point of contact for advice and consultations, establishing ourselves as leaders in advocating for change to enhance the conditions of BAME communities. Our trustees, supporters, volunteers, and staff possess a wealth of lived experience that we utilise to provide professional and reflective interventions for all our stakeholders, including service users and partners who rely on us to bring the voices of local people and communities to their attention.
Our ethos is firmly rooted in responding appropriately to the needs of our service users without being too prescriptive. Over the last 14 years, we have assisted individuals in becoming
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active members within their communities, fostering lifelong skills to counter social divisions. To secure the future of the charity, we are determined to build on our most impactful programs, including our young leaders training program, research initiatives, fellowship, and advocacy program. Our goal is to deepen and strengthen these programmes, so they realise their expected outcomes and future community impacts.
Achievements and Performance in 2023/24
In 2023/24, The Anti-Tribalism Movement undertook several projects, initiatives, and campaigns. The projects and initiatives we worked on this year are as follows:
Lead And Be Led
We have successfully delivered 24 training sessions for thirty young people from disadvantaged socioeconomic backgrounds to develop their leadership skills, experience, knowledge, and connections. Through a wide range of creative activities, Lead and Be Led has enhanced young people’s skills in decisionmaking, teamwork, conflict resolution, and selfawareness. The beneficiaries have all improved their decision-making, conflict management, negotiation, critical thinking, creativity, and employability prospects. They have also gained access to part-time and full-time jobs, as well as volunteering opportunities, and demonstrated continued professional development as young leaders. Additionally, they have attended community events and networking fairs to further enhance their knowledge of leadership and available resources.
Culture House
The Culture House (CH) is a bold new community-initiated and led venture that will make the heritage landscape of the UK more diverse and inclusive. It will tell the story of the British Somali community, which has put down roots in the UK over the past decades but remains on the fringes of the national cultural consciousness. The core activity of CH is to preserve tangible and intangible Somali cultural assets and present them to diverse audiences
in the community’s authentic voice. By doing this, it will illuminate their complex and varied experiences and their evolving multi-layered identities, exploring and revealing narratives of origin, migration, and adaptation to foster dialogue and tolerance. We established the foundation for Culture House this year, which includes the capital space where these activities will take place, and we plan to start delivering them in 2025.
Resilience Grant
In response to the negative impacts of COVID-19 on our communities, we secured a grant from Comic Relief, allowing us to launch ATM resilience grants to support the BAME voluntary sector in sustaining core services and adapting to COVID-19-related challenges. With this funding, we disbursed £200,000 to four organisations across London that play a vital role in building stronger, more resilient communities by addressing the unique challenges faced by marginalised groups.
Housing Champions
This year, we held two impactful workshops for BAME women as part of our project, achieving one of our highest turnouts to date. Participants learned about regeneration projects across London and how they could affect their communities. They gained valuable knowledge in advocacy, gentrification, and the vital importance of having a voice and representation in London’s housing landscape. These workshops successfully placed three women on housing panels, specifically within Hammersmith & Fulham Council and Greenwich Council. Their involvement will aid in amplifying the voices of tenants, advocating for more equitable and improved housing conditions in their respective areas.
Don’t Judge Don’t Label
We have been able to deliver 20 workshops to 75 young people across three schools to combat prejudice and promote inclusivity through achieving several critical objectives. These workshops addressed the issue of racism and discriminatory behaviours, as all of these students had previously faced suspensions related to these matters. After completing the workshops, all students initiated a social action project focused
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on raising awareness about racism and prejudice within their school community. An example of one of these social action projects was Villiers High School students who chose to design informational posters on the different forms of prejudice. They highlighted key issues that affect them personally and in school. The posters covered various topics such as anti-blackness, racism, xenophobia, islamophobia and sexism. They chose these topics because they were drawing on their own experiences with racism and isolation due to prejudice. They took the time to reflect on their own ignorance and reasons as to why they received sanction at school.
The Don’t judge Don’t Label Project achieved the following:
- Helped 75 young people develop practical tools and actions to reduce ignorance, fear, and prejudice, the precursors to hateful behaviour.
Youth Employability
This year, we have successfully placed 30 young people into meaningful employment. Following our employment training, participants have reported increased self-confidence, enhanced skills in presentation and problem-solving, and an improved ability to conduct effective job searches with stronger CVs. They’ve gained a deeper understanding of potential career paths, expanded their professional networks, and accessed exclusive opportunities. Additionally, they’ve shown confidence in their interview skills and in communicating and connecting with prospective employers. Through a blend of training, personalised support, and ongoing interaction with the Youth Employability Officer, these young people have acquired new skills for personal development, resulting in notable improvements in their confidence, knowledge, and professional networks.
-
Supported 75 young people in developing campaigning, advocacy, influencing, and organisational skills to enhance their future employability.
-
Assisted 75 young people in building their confidence and skills for handling challenging situations with friends, peers, family, and wider society
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Financial Review
This financial year we had unrestricted income of £102,312 and restricted income of £719,762. Total incomes were £822,074. We had a net movement of £102,312 on the unrestricted income and a net movement of £93,703 on restricted income. The charity had unrestricted reserves of £257,188 and restricted reserves of £274,430. Total Reserves 2023-2024 was £531,618.
Where does our money come from?
The Anti-Tribalism Movement began as a grass-roots organisation funded by membership donations. Since then, we have diversified substantially to develop a strong income stream from trusts, foundations, corporates, members, our venue and contract from private. Throughout, our volunteers, supporters and individual donors have been important to us. Our growing portfolio of restricted income grants and sponsorships are a significant contribution to our growth. We have put in place a range of mechanisms to ensure we can continue to secure institutional income from the private sector, individuals, contracts and grant- making institutions. We expect to see our fundraising costs increase as we explore new opportunities. We are confident that in doing so, we will transform relationships with our supporters in order to maximise the amount available for our charitable activities within the next few years.
How do we judge the impact of our work?
We are committed to ensuring that in everything we do, we are accountable to those whom we work with and for, from our service users (communities and donors) and other stakeholders (staff and volunteers). We use several tools to monitor, evaluate and learn from our stakeholders, including:
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Evaluating the success of our projects from several areas such as change, enjoyment, participations, development, skills gap and methodology.
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Undertaking evaluations to assess our overall strategies, test the core assumptions about how we contribute to social change and assess our effectiveness in different contexts.
-
Consulting with key stakeholders to gather their insights and assessments about our work and efforts.
Our findings are used both internally and externally. Internally it is used to strengthen our ability to manage larger programs, to review the strengths of the board and explore options on how to deal with any arising issues. Externally we share our learning, case studies, trends and analysis with funders, the wider community, members and other relevant stakeholders to promote good practice.
Public benefit statement
In shaping our objectives for the year and planning our activities, the Trustees have considered S.17 of the Charities Act 2011 and the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising from the charity’s activities.
Reserves Policy
The Anti-Tribalism Movement’s policy is to maintain a level of unrestricted and undesignated reserves equivalent to six months’ expenditure. Currently we are working towards achieving this target by 2026.
Risk Management
The trustees have assessed the major risks to which Anti-Tribalism Movement is exposed and are satisfied that those systems are in place to mitigate exposure to the major risks including maintaining a risk register, which is reviewed annually.
Investment Policy
The charity does not produce a sufficient surplus to invest, as priority must be given to building our unrestricted reserves.
Plans for future
- Completing review exercises to understand our outcome achievements as well as our challenges, and how we deal with them.
We have diversified substantially to develop a strong income stream from trusts, foundations,
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corporates, members, venue hire, supporters, and individual donors. Our growing portfolio of unrestricted income venue hire, and donations are a significant contribution to our growth. We have put in place a range of mechanisms to ensure we can continue to secure institutional income from the private sector, individuals, and grant-making institutions.
Independent Examiners
The charity appointed BK Community Accountant Ltd. as our independent examiner. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Anti-Tribalism Movement’s Memorandum and Articles, the Companies Act 2006, and the Statement of Recommended Practice “Accounting and Reporting by Charities,” issued in March 2005. The trustees’ annual report and the strategic report were approved on 01.11.2024 and signed on behalf of the board of trustees by:
Dheg Aid Chair Date: 01.11.2024
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Independent Examiner’s Report to the Trustees Of Anti – Tribalism Movement
I report to the trustees on my examination of the financial statements of Anti– Tribalism Movement (‘the charity’) for the year ended 31st August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006(‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner’s Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants (ACCA), which is one of the listed bodies.
I have completed my examination; I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.
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Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or
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The financial statements do not accord with those records; or
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The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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The financial statements have not been prepared in accordance with the methods and principles of the statement.
of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drown in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 05/11/2024
Md Iqbal Hossain MBA, FCCA
BK COMMUNITY ACCOUNTANT LTD Chartered Certified Accountant 124 City Road, London. EC1V 2NX
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Statement Of Financial Activities 31st August 2024
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Incoming/Expenditure Unrestricted Restricted TOTAL TOTAL
Note
Resources Funds Funds Funds 2024 Funds 2023
Income and endowments: £ £ £ £
Grants from Government
8 77,000 719,762 796,762 683,081
and other Charities
Small Donations 8 2,669 - 2,669 3,560
Trading Activities 9 22,643 - 22,643 14,586
Total Income 102,312 719,762 822,074 701,227
Expenditure:
-
Fundraising 11,12 30,000 30,000 30,000
Charitable Activities 11,12 - 556,056 556,056 494,439
Culture House 11,12 - 30,314 30,314 45,077
Governance 11,12 - 9,689 9,689 10,004
Total expenditure - 626,059 626,059 579,520
Net movement in funds 102,312 93,703 196,015 121,707
Reconciliation of funds:
Total funds brought forward 154,876 180,727 335,603 213,896
Total funds carried forward 21,22 257,188 274,430 531,618 335,603
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The statement of financial activities includes all gains & losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on page 15 to 25 from part of these financial statements.
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Statement of financial position 31st August 2024
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|||||
|---|---|---|---|
|FIXED ASSETS|Note|2024|2023|
|£|£|£|£|
|Tangible Fixed Assets|17|10,197|12,746|
|Current Assets|
|Cash at Bank and hand|533,372|334,809|
|Debtors|18|-|-|
|Total Current Assets|533,372|334,809|
|Current Liabilities|
|Creditors: Amounts falling|
|19|(11,951)|(11,952)|
|due within one year|
|Net current Assets|521,421|322,857|
|Total Assets/Net Assets|531,618|335,603|
|Funds of the charity:|
|Unrestricted Funds|21,22|257,188|154,876|
|Restricted Funds|21,22|274,430|180,727|
|Total Charity Funds|531,618|335,603|
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For the year ending 31st August 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements were approved by the board of trustees & authorised for issue on 1st November 2024, and are signed on behalf of the board by:
Name: Dheg Aidid (Chair)
The notes on page 15 to 25 form part of these financial statements.
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Notes to the financial statements Year ended 31st August 2024
1. General Information
The Charity is a private Company Limited by Guarantee, registered in England & Wales and a registered charity in England & Wales. The address of the registered office is 5A Uxbridge Road, Shepherd’s Bush, London, W12 8LJ.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS102,’ The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (charities SORP (FRS 102)) and the charities Act 2011.
3. Accounting policies
Incoming resources
Voluntary income and donation are included in incoming resources when they are receivable
except when the donors specify that they must be used in future accounting periods or donor’s conditions have not been fulfilled, then income is deferred. The income from fundraising ventures is shown gross.
Donated services and facilities
Income from donated services and facilities is included in incoming resources at a valuation, which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.
Resources expended
Resources expended are included in the statement of financial activities on an accrual’s basis, inclusive of any VAT, which cannot be recovered. Expenditure, which is directly attributable to specific activities, has been included in these cost categories, where costs are attributable to more than one activity, they have been apportioned across the cost of generating funds on a basis consistent with the use of these resources. Cost of generating funds includes salaries, direct expenditure and overhead costs of the staff who promote fundraising including events. Governance costs are those incurred in connection with
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administration of the charity and compliance with constitutional and statutory requirements.
Funds
Restricted funds are to be used for specific purpose as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund together with a fair allocation of management and support costs. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income & expenditure The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity’s ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemption: No cash flow statement has been presented for the company.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purpose. Designated funds are unrestricted funds earmarked by the trustees
for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub- classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipts is probable, and its amount can be measured reliably.
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Legacy income is recognised when receipt is probable, and entitlement is established.
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Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor, or the estimated resale value can be reliably measured. No amounts are included for the contribution of general volunteers.
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Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned it unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered and is classified under the headings of the statement of financial activities to which it relates:
- Expenditure on raising funds includes the costs of all fundraising activities, events noncharitable trading activities and the sale of donated goods.
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-
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of assets, less its residual value, over the useful economic life of those assets as follows:
4. Limited by guarantee
The company is limited by guarantee without share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member.
5. Pensions and other post - retirement benefits
All staff has been offered a pension contribution recognised by HMRC. All staff has opted out so there are no pension assets to administer and there is no other post – retirement benefits funded by the charity.
6. Investment Income
No Funds are held in a non-interest-bearing bank account. There is no bank charges associated with the account and trustees believe the achieve value for money in respect to the services provided by the bank.
7. Financial Instruments:
Furniture & equipment 20% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Carrying amount: Debt instruments on the balance sheet represent real and fair value. Financial liabilities on the balance sheet represent real and fair value.
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8. Income from donations and legacies
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Unrestricted Restricted
Grants, donations, and legacies: 2024 2023
Funds Funds
£ £ £ £
Small Donations 2,669 - 2,669 3,560
Public Sector & Trusts:
National Lottery Community -
120,623 120,623 116,960
Fund (LBL)
-
National Heritage Lottery Fund 1,889 1,889 34,200
- -
Cost of Living Grant 72,000 72,000
- -
City Bridge Trust 75,000 75,000
OXFAM - - - 26,500
- - -
Corporate Donations 18,421
-
Joffe Charitable Trust 33,000 33,000 31,500
The Tudor Trust - - - 30,000
-
CABWI Awarding Body 35,000 35,000 32,500
Comic Relief - 245,000 245,000 135,000
- - -
Paul Hamlyn Foundation 33,000
Central Fund 2,000 - 2,000 -
National Youth Agency (NatWest -
3,000 3,000 2,250
Thrive Grant)
-
The Henry Smith Charity 40,000 40,000 95,500
- -
Young Ealing Foundation 7,000 7,000
-
John Lyon’s charity 120,000 120,000 45,000
Trust for London - 17,250 17,250 32,250
-
London Community Foundation 25,000 25,000 50,000
TOTAL 79,669 719,762 799,431 686,641
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9. Income from Other Trading Activities
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Unrestricted Restricted 2024 2023
£ £ £ £
Culture House 12,783 - 12,783 11,750
-
Income (VAT Recovery) 9,860 9,860 2,836
TOTAL 22,643 - 22,643 14,586
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10. Capital Income
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Un-restricted Restricted 2024 2023
£ £ £ £
- - - -
- - - -
TOTAL - - - -
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11. Expenditure on Charitable Activities by Fund type
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Charitable
Unrestricted Restricted Total Unrestricted Restricted Total
activities &
Funds Funds 2024 Funds Funds 2023
Support Cost
£ £ £ £ £ £
Services - 586,370 586,370 - 539,516 539,516
Governance - 9,689 9,689 - 10,004 10,004
- -
Fundraising 30,000 30,000 30,000 30,000
Total - 626,059 626,059 - 579,520 579,520
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12. Expenditure on Charitable Activities by Activity type
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Charitable activities & Total Funds
Services Governance Fund raising Total 2023
Support Cost 2024
£ £ £ £ £
- -
Staff Costs 244,615 244,615 232,450
-
Contractor, Consultants 18,960 30,000 48,960 49,712
Business Rates - 2,829 - 2,829 1,905
Culture House 30,314 - - 30,314 45,077
- -
Depreciation 2,549 2,549 3,187
Other indirect Costs 41,072 6,860 - 47,932 48,521
Direct Costs 248,860 - - 248,860 198,668
Total 586,370 9,689 30,000 626,059 579,520
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13. Independent examination fees
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2024 2023
Fees payable to the Independent examiner for: £ £
Independent examination of the financial
3,700 3,700
statements
Total 3,700 3,700
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14. Staff Cost
The total staff costs and employee benefits for the reporting period are analysed as follows:
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2024 2023
£ £
Salaries and wages 218,408 216,403
Social Security Costs 22,399 16,047
-
Employee contributions to pension plans 3,808
Total 244,615 232,450
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The average head count of employees during the year was 15(2023:15). The average number of fulltime equivalent employees during the year is analysed as follows:
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2024 2023
£ £
Number of management and administrative staff 6 6
Number of core service staff 6 6
Total 12 12
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No employee earned more than £60,000 during the year (2023: nil).
15. Trustee remuneration and expenses:
SORP 2015 requires the following statements to be made:
16. Related parties:
There are no related party transactions during the year.
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).
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17. Tangible Fixed Assets
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Furniture &
Equipment Total
Fixtures
£ £ £
Cost
At 1 September 2023 44,534 26,139 70,673
Additions - - -
At 31 August 2024 44,534 26,139 70,673
Depreciation
At 1 September 2023 37,644 20,283 57,927
Charge this period 1,378 1,171 2,549
At 31 August 2024 39,022 21,454 60,476
Net book value
At 31 August 2024 5,512 4,685 10,197
At 31 August 2023 6,890 5,856 12,746
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18. Debtors
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2024 2023
£ £
Trade Debtors - -
Total - -
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Annual Report and Financial Statement For the year ended 31st August 2024 | 19
19. Creditors: amounts falling due within one year
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2024 2023
£ £
Trade Creditors 4,300 4,300
Independent Examination fees 3,700 3,700
HMRC 3,951 3,952
Total 11,951 11,952
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20. Operating lease commitments
Operating Lease is 30 years. Office Capital Development covered the ATM rent of the eleven years of the operating lease. Rates with a charity discount are £2,829 for year 2023/2024.
21. Analysis of charitable Funds
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Unrestricted
Restricted Funds Total Fund 2024
Fund
£ £ £
-
Tangible fixed assets 10,197 10,197
Current assets 257,188 264,233 521,421
Net Assets 257,188 274,430 531,618
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Annual Report and Financial Statement For the year ended 31st August 2024 | 20
22. Fund balance brought forward & carried forward
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Balance Balance at
Incoming Incoming
Funds: at 1st Sept Outgoing 31st August
Unrestricted Restricted
2023 2024
Restricted Funds: £ £ £ £ £
- -
Balance brought Forward 180,727 138,952 41,775
National Lottery Community - -
120,623 90,467 30,156
fund
- -
City Bridge Trust 75,000 66,667 8,333
Trust for London - - 17,250 17,250 -
- -
The Henry Smith Charity 40,000 33,334 6,666
- -
CABWI Awarding Body 35,000 32,500 2,500
National Heritage Lottery - - -
1,889 1,889
Fund
- -
Joffe Charitable Trust 33,000 23,000 10,000
- - -
Young Ealing Foundation 7,000 7,000
Comic Relief - - 245,000 125,000 120,000
- -
John Lyon’s Charity 120,000 65,000 55,000
London Community - - -
25,000 25,000
Foundation
Sub Total 180,727 - 719,762 626,059 274,430
Unrestricted Fund:
- - -
Brought Forward 154,876 154,876
Culture House - 12,783 - - 12,783
- - -
Cost of Living Grant 72,000 72,000
National Youth Agency - - -
3,000 3,000
(NatWest Thrive Grant)
Central Fund - 2,000 - - 2,000
Small Donations - 2,669 - - 2,669
Other Income - 9,860 - - 9,860
Sub Total 154,876 102,312 - - 257,188
Total Fund Carried Forward 335,603 102,312 719,762 626,059 531,618
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Annual Report and Financial Statement For the year ended 31st August 2024 | 21
23. Income in Details
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Income and endowments: 2024 2023
Donations and Legacies: £ £
Public Sector:
- -
LBH&F (Kick Start Project)
Sub Total - -
Charitable Trusts:
National Lottery Community fund 120,623 116,960
-
City Bridge Trust 75,000
-
Cost of Living Grant 72,000
National Heritage Lottery Fund 1,889 34,200
Joffe Charitable Trust 33,000 31,500
Comic Relief 245,000 135,000
CABWI Awarding Body 35,000 32,500
-
Young Ealing Foundation 7,000
Central Fund 2,000 -
London Community Foundation 25,000 50,000
John Lyon’s Charity 120,000 45,000
The Henry Smith Charity 40,000 95,500
Trust for London 17,250 32,250
National Youth Agency (NatWest Thrive Grant) 3,000 2,250
-
Corporate Donations 18,421
Oxfam - 26,500
The Tudor Trust - 30,000
-
Paul Hamlyn Foundation 33,000
Sub Total 796,762 683,081
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Annual Report and Financial Statement For the year ended 31st August 2024 | 22
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Corporate and Membership Donations:
Small Donations 2,669 3,560
Sub Total 2,669 3,560
Other Trading Activities:
Culture House 12,783 11,750
Other Income (HMRC VAT Recover) 9,860 2,836
Sub Total 22,643 14,586
TOTAL INCOME 822,074 701,227
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Annual Report and Financial Statement For the year ended 31st August 2024 | 23
24. Expenditure in details
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Expenditure 2024 2023
Expenditure on charitable activities £ £
Salaries NI and Pension 244,615 232,450
Business Rates 2,829 1,905
Project Activities Cost 149,470 198,668
Admin & Advertisement 2,630 18,932
Community Contributions 13,890 10,004
Volunteers Activities 500 1,600
-
ATM Resilience Grants (Project Partners) 100,000
Consultant/Contractor 18,960 19,712
Fundraising Cost 30,000 30,000
Telephone, Gas, Electricity & Internet 17,760 10,167
Legal & Professional 10,785 6,300
Depreciation 2,549 3,187
Insurances & Removal 1,757 1,518
Cultural House - Repair and maintenance 17,810 29,982
Cultural House - Office Development 12,504 15,095
Total Expenditure 626,059 579,520
Net Movement in Funds 196,015 121,707
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Annual Report and Financial Statement For the year ended 31st August 2024 | 24
Company Registration No. 07002550 Charity Registration No. 1168836
Ld Ld & oe =| Annual Report and ; —_ * 5 4, Financial Statement
For the year ended 31st August 2024
Phone +44 (0)20 3588 1880
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