2022-03-31-accounts - Exit Foundation

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Charity information
Trustees' Annual Report
Statement of director's	responsibilities
Independent Accountant's		Report
Funds Statements:-
Statement ofFinancial	Activities
Movements in funds
Revenue Funds
Income and Expenditure		account
Summary offunds
Balance sheet
Notes to the accounts

-46 clients	completed Mentoring.	completed Mentoring.
-22 clients	led into	Employment, Training		and Education.
- 12clients	worked	with pro-bono
- 9 sets of	clothing	bought for clients	to attend job interviews.
-3 TVs provided to families in need.
-Numerous	pieces	offurniture paid for and		delivered	to families.
-9 Prison	visits have been undertaken.
-4 clients	supported	financially in prison.
-8 CVs developed		for clients
-4 Adults	placed into Teen Challenge		Drugs and Alcohol rehabilitation			centre.
The difference lhe		charity's performance		during the	year has made to lhe beneficiaries ofthe charilv.

		2022	2021
Net income		31,821	56,683
Unrestricted Revenue Funds available general purposes ofthe charity	for the	110,106	78,284
Total Funds		110,106	78,284

Statement ofFinancial	Activiti	es for the	year ended 31M	arch 2022
		SORP Ref	Current year Unrestricted	Current year Restricted	Current year Total Funds	Prior Year Total Funds
			Funds	Funds
			2022	2022	2022	2021
Income & Endowments	from:
Donations &Legacies		Al	18,912		18,912	40,929
Charitable activities		A2	195,982		195,982	137„054
Total income			214,894		214,894	177,983
Expenditure on:
Charitable activities		B2	183,073		183,073	121,300
Total expenditure			183,073		183,073	121,300
Net income for the year			31,821		31,821	56,683
Net income after transfers		A-B-C	31,821		31,821	56,683
Nct movement in funds			31,821		31,821	56,683
Reconciliation offunds:-		E
Total funds brought forward			78,284		78,284	21,602
Total funds carried forward			110,105		110,105	78,285

Charity use:-
				2022	2021
Funds generated in the year as	detailed	in the SOFA		31,821	56,683
Resources applied on functional	fixed	assets		(20,995)
Other applications of funds
Net resources available to	fund	charitable	activities	10,826	56,683

						Unrestricted	Restricted	Total	Last year
						Funds	Funds	Funds	Total Funds
						2022	2022	2022	2021
Accumulated		funds brought			forward	78,284		78,284	21,602
Recognised		gains and		losses	before	31,821		31,821	56,683
transfers
						110,105		110,105	78,285
Closing revenue			funds			110,105		110,105	78,285
Summary	of		funds			Unrestricted	Restricted	Total	Last Year
						and	Funds	Funds	Total Funds
						Designated funds
						2022	2022	2022	2021
Revenue accumulated				funds		110,105		110,105	78,285

						2022	2021
Income
Income from operations						214,894	177,983
Investment income
Gross income in the	year before exceptional	items				214,894	177,983
Gross income in the	year including exceptional		items			214,894	177,983
Expenditure
Charitable expenditure, excluding depreciation			and	amortisation		172,848	120,760
Depreciation and amortisation						7,105
Governance costs						3,120	540
Realised losses on	disposals ofsocial investments			which are programme	related
Total expenditure	in the year					183,073	121,300
Net income before	tax in the financial year					31,821	56,683
Tax on surplus on ordinary activities
Net income after tax in the financial year						31,821	56,683
Retained surplus	for the financial year					31,821	56,683

				SORP
			Note	Ref		2022		2021
Fixed assets
Tangible assets			9	A2		21,313		7,423
Current assets
Debtors			11	B2	69,502		65,220
Cash at bank and in	hand			B4	40,307		40,546
Total current assets					109,809		105,766
Creditors: amounts		falling due within
one year			12	C1	(12,396)		(9,905)
Net current assets						97,413		95,861
						118,726		103,284
Net assets
Creditors: amounts	falling due after more
than one year			13	C2		(8,621)		(25,000)
The total net assets		ofthe charity				110,105		78,284
The total net assets		ofthe charity are funded		by the	funds ofthe	charity, as follows:-
Restricted funds
Unrestricted Funds
Unrestricted Revenue		Funds	19	D3	110,105		78,284
						110,105		78,284
Designated Funds
Total charity funds						110,105		78,284

Salary costs						2022	2021
Gross Salaries excluding	trustees and key management			personnel		55,550	43,608
Employer's National Insurance		for all staff				2,446
Total salaries, wages and	related	costs				57,996	43,608
The average number of	full time staff employed		in the	year	was
The estimated equivalent	number	offull time staff	deployedin		different activitiesin	the year wast-
Engaged on publicity activities						0.5	0.5
Engaged on management	and administration					0.5	0.5
The estimated full time equivalent		number ofall staff employed			as above

Land and	Plant k.	Motor	Total	Total
Buildings	Machinery	Vehicles
	428	6,995	7,423	7,423
		20,995	20,995	20,995
	428	27,990	28,418	28,418
	107	6,998	7,105	7,105
	107	6,998	7,105	7,105
	321	20,992	21,313	21,313
	428	6,995	7,423	7,423

	Prior Year				Plant 41 Machinery	Motor Vehicles	Total	Total
	Cost
	01 April 2020				428	6,995	7,423	7,423
	31 March 2021				428	6,995	7,423	7,423
	Depreciation
	Net book value
	31 March 2021				428	6,995	7,423	7,423
	31March 2020				428	6,995	7,423	7,423
	All assets are used for direct charitable			purposes.
11	Debtors
						2022	2021
	Trade debtors					53,421	77,189
	Prepayments and accrued		income			(14,469)	(14,469)
	Other debtors					30,550	2,500
						69,502	65,220
12	Creditors: amounts	falling due within		one year		2022	2021
	Accruals					770	50
	PAYE, NIC VAT and other taxes					3,844	2,073
	Other creditors					7,782	7,782
						12,396	9,905
13	Creditors: amounts	falling due after		one year		2022	2021
	Bank loans and overdrafts					(83)	25,000
	Finance lease and HP	contracts				8,704
						8,621	25,000
16	Income and Expenditure		account summary			2022	2021
	At 1 April 2021					78,285	21,602
	Surplus atter tax for	the year				31,821	56,683
	At 31March 2022					110,106	78,285

At 31 March 2022	Uurestricted	Desiguated	Restricted	Total	Total
	funds	funds	funds	Funds	Funds
					K
Tangible Fixed Assets	21,313			21,313	21,313
Current Assets	109,809			109,$09	109,$09
Current Liabilities	(12,396)			(12,396)	(12096)
Long Term Liabilities	(8,621)			(8,621)	(8,621)
	110,105			110,105	110,105
At 1 April 2021	Unrestricted	Designated	Restricted	Total	Total
	funds	funds	funds	Funds	Funds
Tangible Fixed Assets	7,423			7,423	7,423
Current Assets	105,766			105,766	105,766
Current Liabilities	(9,905)			(9,905)	(9,905)
Long Term Liabilities	(25,000)			(25,000)	(25,000)
	78,284			78,284	78,284

					Funds brought	Movement in	Movement in	Transfers	Transfers	Funds carried	Funds carried
					forward from	funds	in 2022	between	funds	forward to 2023	forward to
					2021			in 2022			2023
						See Note 20		See Note	0
Unrestricted	and designated funds:-
Unrestricted	Revenue		Funds		78,284		31,821			110,105	110,105
Total unrestricted		and	designated	funds	78,2$4		31,821			110,105	110,105
Total charity	funds				78,284		31,821			110,105	110,105

es to the A	ccounts	for the year ended 3	1 March 2022
					Other
			Income	Expenditure	Gains gi	Movement	Movement
					Losses	in funds	in funds
			2022	2022	2022	2022	2022
Unrestricted	and designated funds:-
Unrestricted	Revenue	Funds	214,894	(183,073)		31,821	31,821

Donations, G	rants and Leg	acie	s
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2022	2022	2022	2021
Donations and	gifts from individuals
Donations and gifts from individuals (Include HMRC refunds on gift aided donations)					17,912		17,912	31,260
Total donations	and gifts from	individuals			17,912		17,912	31,260
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2022	2022	2022	2021
Revenue grants	from government		and public
bodies
HMRC JRS Grant								9,669
Total public sector revenue grants								9,669
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2022	2022	2022	2021
Revenue grants and donations		from non
public bodies
London Catalyst Grant							1,000
Total private sector revenue grants					1,000		1,000
Total Donations, Grants		and		Legacies
Total Donations, Grants and Legacies				Af	18,912		18,912	40,929

		Current year	Current year	Current year	Prior Year
		IJnrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds
		2022	2022	2022	2021
Charitable income from	funders
LBofNewham Chiidrens	Social Services	63,018		63,018	76,226
Ncwham Leaving Care Team		53,258		53,258	24,875
Lambeth Leaving Care Team		12,875		12,875
Our Newham Work		11,500		11,500
Newham Youth Offending	Team	1,800		1,800	11,875
Fight For Peace		33,431		33,431
Spark 2 Life		20,000		20,000
Paradigm Project		100		100	6,400
Redbridge Leaving Care Team					1,680
Havering Leaving Care Team					2,748
Durham Council					750
BePurpose Driven Limited					12,500
Total Charitable income	from funders	]95,982		195,982	137,054

re heading 2- b	road heading with no analysis -repla	ce with text
		Unrestricted	Restricted	Total Funds	Prior Year
		Funds	Funds
					Total Funds
		2022	2022	2022	2021
al Charitable	income from funders:-
Current year -	income from funders	195,982		195,982	137,054

Total Income from charitable	Total Income from charitable
			Current year	Current year	Current year	Prior Year
			IJnrestricted	Restricted	Total Funds
Current year			Funds	Funds		Total Funds
			2022	2022	2022	2021
Income from funders			195,982		19%982	137054
Total from charitable	activities	A2	195,982		195,982	137,054

				Current year	Current year	Current year	Prior Year
				Unrestricted	Restricted	Total Funds	Total Funds
Current	Year			Funds	Funds
				2022	2022	2022	2021
Travel	and Subsistence	- Charitable	Activities	1,152		1,152	336
Motor expenses				6,955		6,955	4,872
Total	direct spending		B2a	8,107		8,107	5,208

						Current year	Current year	Current year	Current year	Current year	Prior Year
						Unrestricted	Restricted		Total Funds		Total Funds
	Current Year					Funds	Funds
						2022	2022		2022		2021
	Grants made to individuals					1,055				1,055	1,150
	Total grantmaking costs				BZc	1,055				1,055	1,150
27	Support costs for charitable			activities
						Current year	Current	year	Current year		Prior Year
						Unrestricted	Restricted		Total	Funds	Total Funds
	Current Yenr					Funds	Funds
						2022	2022		2022		2021
	Employee costs	not included in direct			costs
	Salaries - Administrative		staff			55,550			55,550		43,608
	Employers' Nl -	Administrative		staff		2,446				2,446
	Training and welfare - staff					3,630				3,630	1,843
	Subcontractors					22,138			22,138		9,920
	Premises Expenses
	Licence fees payable										10,738
	Administrative	overheads
	Telephone, fax and internet					1,436				1,436	1,420
	Stationery and printing					505				505	1,556
	Advertising and	marketing				198				198	234
	Sundry expenses					45				45	42
	Website					1,142				1,142	3,862
	Computer costs					242				242	30
	insurance					1,790				1,790	1,119

iled analysis ofincome and expenditure for the year ended 31 March 2022 as re	iled analysis ofincome and expenditure for the year ended 31 March 2022 as re	quired by the SORP	2015
Professional fees paid to advisors other than the auditor or examiner
Consultancy fees	68,233	68,233	32,946
Other legal and professional	6,231	6,231	7,022
Financiai costs
Bank charges	100	100	62
Depreciation BcAmortisation in total for	7,105	7,105
Support costs before reallocation	170,791	170,791	114,402
Total support costs - Current Year	170,791	170,791	114,402

						Current year	Current year	Current year	Prior Year
						Unrestricted	Restricted	Total Funds	Total Funds
	Current Year					Funds	Funds
						2022	2022	2022	2021
	Independent Examiner's			fees		720		720	540
	Accountancy and		Bookkeeping			2,400		2,400
	Total Governance		costs			3,120		3,120	540
	All the expenditure		in the	prior year was unrestricted.
29	Total Charitable		expenditure
						Current year	Current year	Current year	Prior Year
						Unrestricted	Restricted	Total Funds	Total Funds
	Current Year					Funds	Funds
						2022	2022		2021
	Total direct spending				B2a	8,107		8,107	5,208
	Total grantmaking		costs		B2c	l,055		1,055	1,150
	Total support costs				B2d	170,791		170,791	114,402
	Total Governance		costs		B2e	3,120		3,120	540
	Total charitable	expenditure			B2	183,073		183,073	121,300

iled analysis of	income and ex	penditure for the ye	ar ended 31March 2	022 as require	d by the SO
All the expenditure	in the prior year	was unrestricted.
			Prior Year	Prior Year	Prior Year
			ltn restricted	Restricted	Total Funds
Prior Year			Funds	Funds
			2021	2021	2021
Total direct spending		B2a	5,208		5,208
Total grantmnkiin	costs	B2c	1,150		1,150
Total support costs		B2d	114,402		114,402
Total Governance	costs	B2e	540		540
Total charitable expenditure		B2	121,300		121,300