TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 June 2022
1
Charity name: Ecovis London Foundation (non-profit organisation)
Charity registration number: 1170290
Address: 7-12 Noel Street, Soho London, W1F 8GQ
Administration and Reference details of the Charity, its Trustees and Advisors
FOR THE YEAR ENDED 30 June 2022
Charity No:
Registered Charity No: 1170290
Registered Office:
7-12 Noel Street, Soho London, W1F 8GQ
Trustees:
Mr Ben Smith (Chairman), Ms. Emma Glancy, Mr F Robert McCann
Independent Director: Mr David Whelan
Bankers: Metro Bank One Southampton Row London WC1B 5HA
2
REPORT OF THE TRUSTEES FOR THE YEAR ENDED: 30 June 2022
The Trustees are pleased to present their report together with the financial statements of the Charity for the year ended 30 June 2022.
We deliver our CV and Interview Workshops in person again with social distancing where appropriate while the “Transition to Work” 1-1 session are person centered services undertaken digitally and remotely to service users. The offices of our partner charities are opening up while operating mainly a hybrid working model with certain staff continuing to work from home. Our priority remains that of ensuring that all those with whom we connect stay safe and healthy.
Throughout the year under review and to date the Ecovis London Foundation charity has continued to deliver much needed services in developing our charitable partnerships with other charities, namely Thames Reach (www.thamesreach.org.uk) and The House of St Barnabas (www.hosb.org.uk) in taking forward our “Transition to Work” projects.
We are also pleased to announce a new charitable partnership with the Prior Weston Primary School and Children’s Centre. In addition, we have supported charitable projects associated with Ecovis and Friends charity in Germany relating to the UKRAINE crisis.
We would like you to continue to support us in our crucial work so please read on and let us tell you more about ourselves, what we do, what we have achieved and how we go about spending the money given to us.
Funding is made in accordance with Charity law having due regard to our constitution and for the public benefit. In making funding to our homeless “Transition to Work” projects, we endeavour to reflect the wishes of our donors, while adhering to our constitution, by directing funds towards alleviating homelessness, our key area of focus since our establishment in 2016, and in line with the Charity’s founding Vision and overall Mission.
Funding continues to remain a challenge and especially so given the recent Covid 19 pandemic which has had a severe negative impact on the fundraising abilities of the majority of UK charities. The charity hopes to schedule a bi-annual gala fundraising dinner in the near future.
During the 2021/22 year, core funding of £29,710 has been received from Ecovis Wingrave Yeats LLP. These funds have continued to support the expansion of our “Transition to Work” projects. We deliver these projects in conjunction with our partner charities, Thames Reach (Charity No: 1166311) and the House of St Barnabas (Charity no: 207242). In addition we have provided support to alleviate the ongoing humanitarian crisis in Ukraine.
When considering where to focus our attention our Board of Trustees has regard to the charity’s constitution, original vision and aims as well as the Charity Commission’s guidance on public benefit and what this means for the Ecovis London Foundation charity and the local homeless community we seek to serve.
3
Vision, Objects and Activities
Our Vision
Our Vision is focused on the local homeless and vulnerable communities we serve. We aim to ensure that those vulnerable adults in need within the sectors we operate will have real tangible support and access to the opportunities they need to develop.
We help vulnerable children and adults to thrive and have mutually supportive relationships while being able to access the tools that help alleviate disadvantage. In supporting individuals in partnership with other homeless charities the Ecovis London Foundation charity continues to evolve and grow.
Our Objects
The relief of those in need, by reason of age, ill-health, disability, financial hardship or other disadvantage by such charitable means as the trustees shall from time to time determine. Other disadvantage arises typically where a hardship need is not currently met by the Department of Work and Pensions and current social care funds.
Our Achievements
-
Active pursuit of our Vision and development of initiatives to bring our Objects to life.
-
The continuing enhancement and practical rollout of our “Transition to Work”, “Step Up” and “Better to Work” workshops, initiatives, projects, activities and outcomes, including the adaptation of these to online delivery capability, as appropriate.
-
Services and delivery of in person workshops have increased during 2021/2022 while still social distancing in workshops where appropriate. Instead of large groups in workshops these are now split into smaller groups with additional workshops.
-
Working closely with our chosen Charity partners, Thames Reach and The House of St Barnabas, in developing partnership projects aimed at supporting individuals in returning to the workplace. We have achieved a 60% success rate in placing clients in work, having supported 106 clients in 1-1 CV and Interview skills sessions throughout 2021-2022.
-
Establishing (in late 2022) a new partnership with the Prior Weston Primary School.
-
Continuing to develop wider relationships with a number of potential partners across the wider business community with a view to taking forward a number of initiatives which can provide a sustainable level of support for its work going forward.
Ecovis London Foundation (ELF) have developed and facilitated a range of “Transition to Work” programs, developed and delivered CV employment workshops and other back to employment initiatives, including our “Step Up” and “Better to Work” initiatives. These services are focused on vulnerable adults who find themselves excluded from other mainstream services due to a number of factors including long term homelessness and unemployment. These projects and initiatives seek to alleviate poverty and support those seeking career advancement opportunities which deliver the London living wage.
4
Our projects continue to be oversubscribed and funding continues to be a challenge to enable the Charity to achieve its full potential. We have, however, managed to secure additional funding from Ecovis Wingrave Yeats LLP in the course of the 2022/23 year and this has been directed towards assistance projects related to the Ukraine crisis.
The feedback from our partner charities is that we provide much needed valuable services that are person centred and puts the service user and their individual needs first and foremost.
Feedback also from service users has been invaluable in helping to shape our services to their needs.
Since our inception we have been successful in securing work placements for vulnerable adults from both Thames Reach, House of St Barnabas and Ecovis Wingrave Yeats LLP. The Ecovis London Foundation will continue to roll out these “Transition to Work” work placement programs with our charitable partners in the future.
A key part of this programme is to broaden participation through identifying other suitable candidate companies, public bodies and organisations through the various Job Fairs we have participated on.
The Ecovis London Foundation has provided all the training personnel and volunteers, all materials required for all the projects, workshops and further support initiatives.
All of our projects and initiatives have been delivered within our annual funding budget of £15,000 from Ecovis Wingrave Yeats LLP.
The Ecovis London Foundation will strive to develop our new partnership with the Prior Weston Primary School later in the coming year. This is being coordinated with the Independent Director of the Charity, David Whelan and Fiona McCorquodale the headteacher at the school.
Ecovis Wingrave Yeats (EWY) internal employee engagement
We are grateful for the additional support from Ecovis Wingrave Yeats LLP in accommodating the need for employee volunteers for our previous “Transition to Work” projects.
The company has provided a number of employee volunteers in previous years to participate and facilitate the delivery of our projects and workshops. In addition, company employees have organised a number of non-monetary fundraising activities for the benefit of the Foundation, including clothes collections and putting together much needed Christmas food/hamper boxes for the vulnerable clients of our chosen charities.
Ecovis employees have also fundraised for a number of other charitable initiatives highlighted in this report. Some of these initiatives have been part funded by ELF where we have been able to contribute. The company has also, throughout the year, continued to donate many refurbished laptops to support ELF and homeless clients participate on the online projects.
We are very grateful for the support we have received and would like to thank all of the Ecovis Wingrave Yeats partners and employees who have supported the charity since 2016.
5
Fund Raising
The Foundation’s primary and core funding has been received from Ecovis Wingrave Yeats LLP, who have supported all the “Transition to Work” and “Better to Work” programme costs and are committed to supporting the Foundation’s objectives and aims with our chosen Charities. As per the memorandum of understanding between both organisations the Ecovis Wingrave Yeats partnership determines funding annually.
Given the success of the original gala dinner in support of the charity in 2017 we hope to organise further gala dinners and other fundraising initiatives, which were put on hold during the pandemic, in support of the charity.
We would like to thank all our previous donors and sponsors who have donated funds to Ecovis London Foundation to date and especially the Partners of Ecovis Wingrave Yeats LLP for providing core funding to the charity.
This has enabled the charity to continue and enhance the delivery of our community based work ready projects and expand the “Transition to Work” and “Better to Work” programs to adults in the local homeless community.
Internal Ecovis Wingrave Yeats and External Volunteers
The Trustees would like to pay tribute to all our volunteers for their time, support and commitment.
Workshops have been run with reduced attendee numbers throughout the year and continue to be managed and undertaken by David Whelan with the assistance of an external trainer, Danny West.
The charity has a volunteering policy and has established procedures for all volunteers, including Ecovis employees, who have allocated their company time to the charity with the full support of the Ecovis Wingrave Yeats partnership.
Training and induction is provided for all volunteers and this is undertaken by the Charity’s Independent Director. During the year we have also enlisted the services of additional volunteers and external qualified trainers due to increased workload and to reduce the foundation’s dependency on one source for our volunteers.
Looking to the Future – Our Strategy
Our future plans for the Charity is to remain wholly committed to the homeless sector and to roll out our “Work Ready” and “Transition to Work” projects and initiatives across the wider local community. We will also seek to widen our involvement with the local community through the development of partnerships with other charitable and private sector organisations.
The success of the work ready programme is becoming more widely known and the charity has been approached by a number of other organisations seeking our help and support. The Charity will continue to explore the additional steps we can take to enhance and expand our offering in conjunction with our partner Charities.
6
It is important that as we evolve we remain independent and sustainable. The Charity is especially interested in local community initiatives that are sustainable, measureable and can deliver direct tangible benefits to those in need.
----- Start of picture text -----
£50,000
----- End of picture text -----
Charitable activities undertaken by Ecovis Wingrave Yeats employees for the following charities
Breast Cancer Awareness Pink Bake Sale charitable funds raised matched by ELF
7
JP Morgan run charitable funds raised by Ecovis Wingrave Yeats Employees for NSPCC
Charitable funds raised for NSPCC, Save the Children and Princes Trust
8
Charitable funds raised by EWY employees for mens health
Ukraine donations 2021/22: £10,000. Additional £34,000 pledged to June 2023
Charity Events undertaken by Ecovis Wingrave Yeats June 2022/ June 2023
Staff and Partner Donations:
| December 2022 | Thamesreach and HOSB |
Christmas food Hampers |
Charity Donations £ |
|
|---|---|---|---|---|
| December 2022 | Save the Children |
Christmas Jumper Day |
£225.00 | |
| November 2022 | Mens Health | Movember charity pub quiz |
£1020.00 | |
| October 2022 |
Breast Cancer awareness |
Pink bake sale | £585 raised – ELF match funded |
£1170 |
| July 2022 | NSPCC | JP Morgan Race | £700.20 staff cost |
£693.00 (entry fee) |
| May 2022 | HARP Southends homeless |
World Cup On Sea | Staff costs: £1291.87 |
£500 (Entry Fee) |
| May 2022 | Princes Trust | LGT Dodgeball Tournament:Staff costumes: £344.70 |
Staff costumes: £344.70 |
£500 (Entry Fee) |
9
Ecovis London Foundation is pleased to announce a new charitable partnership.
www.priorweston.islington.sch.uk 101 Whitecross Street London EC1Y 8JA
“Welcome to Prior Weston Primary School. As a school, we strive to ensure that every child is happy, safe and enjoys learning”
Following a meeting in late 2022 with Fiona the Headteacher and a tour of the school by Fiona and in consultation with our Ecovis staff and partners.
The Ecovis London Foundation (ELF) is delighted to announce our partnership with the Prior Weston Primary School and Children’s Centre.
ELF provides tangible hands-on help and support, using the skills and talents of our own staff to help and support people in the local community.
“ We didn’t just want to donate money or to form short-term relationships with our partners who we support and help in the community. We wanted to build a foundation with a sense of permanence and continuity with our partners who we work with including our staff volunteering”.
The ELF Trustees recommended that Ecovis London Foundation and EWY staff lends its full support and assist where we can the Prior Weston Primary School in ways the school wishes.
Ecovis London Foundation have initially funded the school’s breakfast club and look forward to supporting and helping to improve the lives of those the school supports currently and going forward. The ethos and values of the School are grounded in the work that ELF undertakes.
ELF look forward to building a strong relationship with the school and its staff led by Fiona the Headteacher, while sharing the same ethos and values, and a long term commitment to support vulnerable people in the local community by working collaboratively in partnership.
10
Head Teacher’s Welcome
Prior Weston School and Children’s Centre is a special place in a unique location. Every morning I have the pleasure of welcoming the children and families into our amazing building. We truly are a school in the heart of the community it serves in that we open our doors to the school community each and every day.
I started as Head Teacher of Prior Weston in September 2019 but had worked in the local area as a teacher and school leader for 18 years before that, and so I know this neighbourhood very well. There are parents here at the school who I taught when they were children!
As a school, we aspire for all of our young learners to aim high, develop resilience, be curious and respectful, and to value diversity. We strive to provide the highest quality of a broad and balanced education, but we also place a lot of importance on our children becoming happy, confident and fulfilled individuals. We believe that our children should be encouraged to do well academically, and should also be exposed to a fun, varied and creative curriculum so that they develop a thirst and love for learning. We do this by encouraging our children to explore, discover and question through a range of exciting learning opportunities, where we nurture creativity, independence and individuality. Fiona McCorquodale- Headteacher
11
Supporting “Bernie’s Breakfast Bagels” Funded by Ecovis London Foundation
On the back of our £600 donation, Bernie (the school’s safeguarding & welfare lead) met with the National School Breakfast Programme and secured some matched funding through their scheme. This means the payment we made will now cover the whole school year!!
In addition Ecovis employees had an adults and childrens winter coat and jacket collection for the School
12
Ecovis & friends support the children & young people affected by the war in Ukraine.
Ecovis & friends support the children & young people affected by the war in Ukraine.
Read more about our efforts and please donate now! It is with continuing dismay that we witness the relentless effects of the war in Ukraine. While we stand in solidarity with the people of Ukraine in the wake of this unprovoked attack, we also want to provide concrete help.
Among those affected are many Ukrainian children and young people who have had to leave their homes either alone or with their mothers and embark on an arduous journey into an uncertain future. Through the Ecovis & friends Foundation, we are actively defining specific projects which will be focused on providing tangible support to children and young people from Ukraine. We will seek to fund these projects through donations from Ecovis member firms and other parties who have already pledged their support.
We would ask you to use the following donation account which is now available to receive your donations: When making a donation, please could you give your name and address so that we may provide you with a receipt.
-
Account holder: Ecovis & friends Foundation, Germany
-
IBAN: DE08 7016 0000 0000 12 74 30
-
BIC: GENODEFF701
-
Bank: DZ Bank Muenchen, Germany
-
Purpose: Ukraine aid – donation for children
13
Ecovis and Friends have already mobilised the assistance of certain partners across our German network of more than 100 firms and our international network across more than 80 countries. In this context, we have already been able to support four specific projects in Ukraine as well as in Poland and Germany.
Our Polish colleagues have good local knowledge of the border region. In regular exchanges, we continuously learn where our donations can meet immediate needs either directly or through certain aid organisations that can provide assistance in the most effective manner. You can find more information on the Ecovis & friends Foundation website.
14
Photographs on pages 14/15 from the Ecovis and Friends website
15
Thames Reach (Charity No: 1166311 The House of St. Barnabas (charity no: 207242)
Ecovis London Foundation “Work Ready” programs and activities 2022-2023
CV building and Interview Skills Workshops
1-1 personalized CV sessions
Person centred 1-1 mock Interview Sessions with clients
F acilitates work experience/placements
Supports Step Up programs/Job Fairs/Events & Mentoring support
Donation of recycled Laptops and collection of smart work clothes from Ecovis Wingrave Yeats
In partnership with Thames Reach & The House of St Barnabas we have continued to deliver our “Transition to Work” - “Better to Work” projects” and “Work Ready” within the homeless community. Supporting both charities deliver services to those most in need. Successfully piloted and supported Thamesreach additional “Step Up” program. All materials and resources for the projects and workshops are provided by Ecovis London Foundation. .
CV and Interview Skills workshops- delivery of workshops on site and in person.
1-1 CV and Interview Skills sessions – creates/updates client’s CV’s on a 1-1 basis – working directly with the client and thereafter clients participate in mock interview scenario to help to prepare them for a return to work or a “Step Up” in their employment and career prospects.
Ecovis Employee’s donation of smart work clothing – provides suitable clothing for clients to attend interviews/job starts.
Donation of recycled Laptops from Ecovis Wingrave Yeats- invaluable resource for clients who are digitally poor.
Facilitates work experience/placements – provides clients with the opportunity to experience a ‘hands on’ true working environment.
Support Job Fairs/Events & Mentoring support – CV workshops, 1-1 CV sessions, HR support advising clients of recruitment process/do’s and don'ts. How to present the very best of yourself. Interview Skills and mentoring support for individuals in a mentoring program.
16
2022 Christmas Hampers delivered to HOSB and Thamesreach clients
David Whelan with some of the food hampers to be delivered
Christmas Hampers – Donation of food by Ecovis Employees for parcels/Hampers – these kind donations to clients of both charities support the most vulnerable in our society at a particularly challenging time of the year and given the cost of living crisis in our society. Food Hamper deliveries are undertaken by the Senior Partner of Ecovis Wingrave Yeats, Robert McCann and the ELF Charity Director David Whelan. .
----- Start of picture text -----
Feedback from
some recipients of
food hampers
“The Food hamper was so amazing with lots of
different food and even some goodies that will help my
family and I over Christmas and into next year”
----- End of picture text -----
“I am on benefits and a single parent I was really worried and pressurized thinking how I was going to cope with little money for essential things given the cost of living crisis. This hamper is a lifeline” I cannot thank Ecovis London Foundation enough”
17
Ecovis London Foundation: Structure, Governance and Management & Personnel
Governing Document
The charity is incorporated in England and Wales as a (CIO) Charitable Incorporated Organisation (not for profit). It is governed by its Memorandum and Articles of Association and the statement of recommended practice, Accounting and Reporting by Charities.
Appointment of Trustees
The Trustees and Independent Director who have served or been appointed during or after the reporting period are detailed on page 2. Appointment of trustees is governed by the Articles of Association of the charity.
Trustees serve for a period of 2 years and then stand for re-election in accordance with Constitution allowing for the Charity to continually review and reinvigorate the activities of the Board and its members.
The Board of Trustees is authorised to appoint new trustees to fill vacancies arising from the completion of terms of office, resignation or death of an existing trustee.
Ecovis employee trustees can be represented on the Ecovis London Foundation board and are appointed as a secondment position. These secondment appointments can be reviewed and extended by the Board following an appraisal and review of the contribution of the individual trustee. Employees who resign their employment with Ecovis Wingrave Yeats LLP automatically cease to be a trustee of the charity.
All trustees can seek reappointment in accordance with the constitution of the Ecovis London Foundation. The Board continues to ensure that the Board and charity represents the diverse local communities in which it operates and serves. Ensuring that’s its work ready projects are open to all within the community regardless.
Induction and Training of Trustees and others
All trustees are provided with a formal induction following their appointment, which covers the following; role and responsibilities of a trustee as per the Charity Commission guidelines, code of conduct, safeguarding induction, conflict of interests and other charity policies which are in force throughout the tenure of the Trustees appointment.
Thereafter the Independent Director of the charity will provide continuous updates to Board members on their charitable responsibilities, operational and other matters pertaining to the Charity. Policies and Procedures are reviewed annually and updated accordingly. Safeguarding policies and procedures are reviewed annually by the Board and the Charity.
Organisational Structure
The charity is headed by a Board of Trustees which is responsible for the governance of the charity and determines strategy and policy in conjunction with the Independent Director.
18
The Independent Director is responsible for compiling all the charity policies and procedures, dealing with all charity related operational matters, other policies as required. He also coordinates the delivery of all projects that the charity and the Trustees collectively and, in conjunction with the Charity Director, determine to undertake and engage in within the homeless sector.
The independent director advises and updates the Board of Trustees periodically on these and other matters at scheduled Trustee meetings. Compiling and implementation of all such policies, operational plans and strategies pertaining to the charity is delegated to the Independent Director and their team. Charity personnel implement and execute agreed actions in relation to policy and procedures in close consultation with the Board of Trustees.
The Independent Director of the charity is the delegated authority for all day to day operational matters concerning the Ecovis London Foundation charity. This includes developing, managing and overseeing all partnership projects. The Charity works in close cooperation with a number of other private and voluntary organisations within the sector that it operates.
Board of Trustees - managing risks
The Board of Trustees is headed up by the Chair, Ben Smith. The Board, collectively and in conjunction with the Independent Director, ensures governance and oversight of the Charity as determined by its constitution with duties and responsibilities delegated to various Trustees such as financial, safeguarding, fund raising, volunteering matters, marketing, conflict of interest and other policies and procedures.
The Board of Trustees retains full legal responsibility for all and any fundraising activities that are undertaken in the name of Ecovis London Foundation and with due regard to the Ecovis London Foundation constitution and Charity Commission rules and regulations relating to fundraising. The Charity will endeavour as it grows and evolves to maintain financial reserves as per the Charity Commission guidelines and recommendations.
The board has nominated a Trustee with overall responsibility for financial governance and oversight of the charity’s finances on behalf of the Board. A nominated Trustee is also responsible for safeguarding. Overall the Board Trustees have other delegated duties as required and responsibilities including marketing, volunteering, fund raising and dealing with potential conflicts of interests as well as ensuring compliance with all other Ecovis London Foundation policies and procedures.
The Board has in place a memorandum of understanding pertaining to Ecovis Wingrave Yeats LLP and its relationship with the charity and this has recently been updated. Ecovis also kindly donates some office space and all materials and equipment required by the charity.
All significant risks that the charity may be exposed to are identified. The Board, in conjunction with the charity, has in place plans to manage the likely impact and severity of such identified risks.
Ecovis Wingrave Yeats – “Giving Back” Group
Selective fundraising activities independently undertaken by individuals and select groups of Ecovis employees are wholly the responsibility of “Giving Back” Group or the individual employee. Such fundraising activities are not under the jurisdiction of the Charity nor does the ELF Board of Trustees have any legal responsibility or oversight of any of these fundraising activities.
19
Website, Supporting our Work and Contact Information
Website; ECOVIS London Foundation | ECOVIS Wingrave Yeats
The Ecovis London Foundation highlights the work that it does through the charity portal on the website of our core funder, Ecovis Wingrave Yeats. Here we seek to highlight and promote our activities, and the other charitable activities of the EWY employees and partners. Whereby you can access all our previous annual reports since 2016 and review all our charitable partnerships and causes we engage in and support.
Support Us
The Ecovis London Foundation charity is seeking to expand and develop our partnerships within the wider corporate, private and volunteer sectors in supporting our work ready “Transition to Work” projects and initiatives whereby we can offer additional placements and employment opportunities more widely.
Please consider supporting the work we do. The challenge facing the charity is how we continue to make a real difference and provide much needed support to improve the life chances and opportunities available to some of the most vulnerable adults in our society.
If you would like to make a donation or support any of our fundraising activities you can donate through the Ecovis London Foundation gift giving page at:
www.justgiving.com/ecovislondonfoundation
Contact Information
David Whelan Independent Director Ecovis London Foundation
20
Ecovis London Foundation Financial Accounts for the year ended 30 June 2022 (attached):
The Trustees acknowledge their responsibilities for complying with the requirement of the Charity Commission with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at 30[th] June 2021.
Signed on behalf of the Board of Trustees:
____Ben Smith, Chair
Date: 28[th] April 2023
21
Registered Charity Number 1077709
Registered Company Number 03461775 (England and Wales)
Ecovis London Foundation
(non-profit organisation))
Financial Accounts
Year ended 30 June 2022
22
Ecovis London Foundation (non-profit organisation)
Statement of Financial Activities for the year ended 30 June 2022
| notes Income from: Donations 2 Total incoming resources Expenditure on: Charitable activities 3 Total resources expended Net (expenditure) / income 4 Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds 2022 2022 £ £ 15,396 14,314 15,396 14,314 13,061 14,314 13,061 14,314 2,335 - - - 2,335 - 10,191 - 12,526 - |
Total funds 2022 £ 29,710 29,710 27,375 27,375 2,335 - 2,335 10,191 12,526 |
Total funds 2021 £ 19,141 |
|---|---|---|---|
| 19,141 | |||
| 20,749 | |||
| 20,749 | |||
| (1,608) | |||
| - | |||
| (1,608) 11,798 |
|||
| 10,191 |
The notes on pages 25 to 27 form an integral part of these accounts
23
Ecovis London Foundation (non-profit organisation) Balance Sheet as at 30 June 2022
| Current Assets Cash at bank and in hand Total Current Assets Creditors: Amounts falling due within one year (note 6) Net current assets/(liabilities) Net Assets Charity Funds(note 7) Restricted Funds Unrestricted Funds Total Funds |
Unrestricted Funds Restricted Funds 2022 2022 £ £ 17,542 - 17,542 - 5,017 - 12,526 - 12,526 - 12,526 - - - 12,526 - |
Total Funds 2022 £ 17,542 17,542 5,017 12,526 12,526 12,526 - 12,526 |
Total Funds 2021 £ 17,542 |
|---|---|---|---|
| 17,542 7,351 |
|||
| 10,191 | |||
| 10,191 | |||
| 10,191 - |
|||
| 10,191 |
The financial statements were approved by the trustees and signed on 28[th] April 2023 by:
Ben Smith
Chairman of the Board of Trustees
The notes on pages 25 to 27 form an integral part of these accounts
24
Ecovis London Foundation (non-profit organisation) Notes to the Accounts
for the year ended 30 June 2022
1 Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. Ecovis London Foundation constitutes a public benefit entity as defined by FRS 102.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
1.3 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. All resources expended are inclusive of irrecoverable VAT.
25
Ecovis London Foundation (non-profit organisation) Notes to the Accounts
for the year ended 30 June 2022
2 Income received
| Donations and charitable activities Total income received 3 Resources expended CV Workshops and 1-1 support Thamesreach 18-25's project Ukraine Support initiatives Total resources expended |
Unrestricted Funds Restricted Funds 2022 2022 £ £ 15,396 14,314 15,396 14,314 Unrestricted Funds Restricted Funds 2022 2022 £ £ 13,061 - - 4,114 - 10,200 13,061 14,314 |
Total funds 2022 £ 29,710 29,710 Total funds 2022 £ 13,061 4,114 10,200 27,375 |
Total funds 2021 £ 19,141 |
|---|---|---|---|
| 19,141 | |||
| Total funds 2021 £ 16,608 4,141 - |
|||
| 20,749 |
4 Net Incoming Resources
During the year remuneration of £nil (2020: £nil) was paid to the trustees.
5 Staff Costs
During the period staff costs of £nil (2020: £nil) were paid.
26
Ecovis London Foundation (non-profit organisation) Notes to the Accounts
for the year ended 30 June 2022
6 Creditors: falling due within one year As at the balance sheet date the Charity owed Ecovis Wingrave Yeats UK Limited £5,017 (2021: £3,237) in respect of expenses incurred on behalf of the Charity associated with events and activities held. The Charity also had deferred income for future periods amounting to £nil (2021: £4,114), classified within creditors.
| 7 Summary of funds Unrestricted funds Restricted funds |
Brought forward Incoming resources 10,191 15,396 - 14,314 10,191 29,710 |
Resources expended (13,061) (14,314) (27,375) |
Resources expended 12,526 - |
|---|---|---|---|
| 12,526 |
27