2023-03-31-accounts

The Charity Registration Number is :- 1172408

EXIT FOUNDATION

(A Charitable Incorporated Organisation)

Report and Accounts

31 March 2023

EXIT FOUNDATION

Report and accounts for the year ended 31 March 2023

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of director's responsibilities		7
Independent Accountant's Report		8
Funds Statements:-
Statement of Financial Activities		10
Movements in funds		11
Revenue Funds		11
Income and Expenditure account		12
Summary of funds		12
Balance sheet		13
Notes to the accounts		14

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

The Trustees presents his Report and Accounts for the year ended 31 March 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- EXIT FOUNDATION.

The charity is also known by its operating name, Exit Foundation Project.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1172408.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

The governing document is dated 04 April 2017

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Wilkerson House

Uphall Road Ilford, Essex, IG1 2JJ Telephone [phone]

Email Address [e-mail] Web address www.exitfoundation.org.uk

The Trustees in office on the date the report was approved were:-

Ms. Pauline Anderson Mr. Stellakis Kyriacou Petrides

Ms. Sarah Grimshaw

1

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

The following persons served as Trustees during the year ended 31 March 2023 :-

The trustees who served as a trustee in the reporting period were as shown above. Changes during the year, or in the period between the year end and the approval of the accounts are as follows:

Ms. Pauline Anderson (no change) Rev Stephen Derbyshire (resigned on 2 October 2022)

Ms. Sarah Grimshaw (appointed 11 March 2023) Mr. Jason John Henry (resigned on 2 October 2022) Mr. Stellakis Kyriacou Petrides (no change) Ms. Angela Hodge (left November 2023) Mr. Mark Robinson (resigned January 2023)

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Exit Foundation reaches out to people caught up in gangs, street life, drug addiction, offending behaviour and ex-offenders, to offer them an 'exit' route via a bespoke 16-week mentoring program. This is designed to equip and prepare individuals for either employment, training or education. It provides intensive mentoring and support services, intervention, prevention, advocacy, advice, and life coaching.

The main activities undertaken in relation to those purposes during the year.

The Exit Foundation charity seeks to serve the community via the following activities:

Exit Foundation works with and supports the client and/or the family when required.

Exit Foundation aims to stop clients from re-offending via a bespoke mentoring program leading the client into some form of Education, Training, Apprenticeship or Employment.

Exit foundation aims to assist those caught up in drug/alcohol addiction into rehabilitation.

Exit Foundation is a Christian faith based but not faith biased charity. We work with any person that requires or requests help regardless of faith.

Exit Foundation works to assist clients to relocate away from the area where they were gang affiliated and where a client finds that his life is in danger due to being ‘Gang affiliated’.

Exit Foundation delivers ‘Gang Awareness Training’ to the relevant professionals working with young people.

Exit Foundation builds relationships and works with other ‘Service Providers’ in order to deliver a quality ‘wrap around’ service for our clients.

Exit Foundation signposts clients to the relevant services required such as Mental Health, Victim Support and Teen Challenge Drug Rehabilitation Centers when necessary.

Exit Foundation takes referrals from: The Church, The Police, Social Services, Probation Service, Schools, The Youth Offending Team and Self-Referral clients. Anybody can refer to Exit Foundation.

Exit Foundation works in partnership with other charities/organisations/consortiums in order to provide the best possible services needed/required by young people.

Exit Foundation provides specialist Trauma informed Mentoring.

Exit Foundation provides Housing Support for young people in the care system.

Exit Foundation applies for relevant funding/grants in order to support the services that we provide.

Approximately 25% of Exit Foundation’ clients have work carried out ‘Pro bono’ and 75% of work is ‘commissioned’ by Statuary Services.

2

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

The main activities undertaken during the year to further the charity's purpose for the public benefit.

Our main activities and who we try to help are described below and are undertaken to further our charitable purposes for the public benefit. When planning the activities for the year, the Trustees have considered the Commission’s guidance on public benefit.

The short term and longer term aims and objectives.

Exit Foundation are looking into supporting staff for young people transitioning from the care system into independent living. Semi-Independent accommodation.

Exit Foundation are looking to provide 28-day Emergency Accommodation provision to be offered across the U.K

Exit Foundation have positioned ourselves in The London Boroughs of Newham, Redbridge and Lambeth as an official service provider re Mentoring and are now receiving offers of partnership re projects and funding. We are looking for the most suitable offers and will be putting forwards funding proposals alongside other Third Sector organisations as well as individual bids to M.O.P.A.C, VRU, National Lottery and other funding bodies.

ACHEIVEMENTS AND PERFORMANCE

Over past 12 months from 1 April 2022 to 31 March 2023, clients worked with include:

• 40 clients completed Mentoring.

• 30 clients led into Employment, Training and Education.

• 9 clients worked with pro-bono

• 5 sets of clothing bought for clients to attend job interviews.

• • 4 TVs provided to families in need.

• Numerous pieces of furniture paid for and delivered to families.

• • 6 Prison visits have been undertaken.

• 4 clients supported financially in prison.

• 12 CVs developed for clients.

• 4 Adults placed into Teen Challenge Drugs and Alcohol rehabilitation Centre.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

As can be seen from the number of clients we have been able to assist, the charity has made a significant difference in and helped to change and save the lives of a number of young people and adults.

The degree to which the achievements and performance during the year have benefited wider society.

When we consider the clients, we are assisting and the fact that many would revert to the gangs, street life and drug addiction if not for our intervention, we do believe that our charity is benefiting the wider society as well as the local community. We have helped to reduce crime, helped to decrease the prison population, and helped to reduce drug addiction on the streets of London. The more clients that we are able to assist, the safer society will be.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The existing Trustees appoint any new Trustees following the provisions laid out in the charity’s governing instrument.

3

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

The policies and procedures for the induction and training of trustees.

New Trustees will be provided with a comprehensive information pack informing them of the duties that would be required as an Exit Foundation Trustee Board Member.

The charity's organisational structure.

The Board of Trustees are responsible for the strategic direction and policy of the charity. A scheme of delegation is in place and day-to-day responsibility for the provision of services rests with the project manager. The Trustees meet regularly, at least 3 times per year, when they will review progress and make decisions re future developments.

How the charity makes decisions and how decisions are delegated.

The Project Manager of Exit Foundation is Mr. Paul Dayes and he deals with all the day to day decisions.

Exit Foundation has a fundraiser Hazel McKenzie who works pro-bono. Hazel continuously tries to source funding for Exit Foundation.

Sarah Capewell, independent Financial Adviser is paid by Exit Foundation as a Bid Writer.

Exit Foundation currently has one full time employed staff member/ - Paul Dayes (Director). One part time employed Office Manager- Dinija Natarajen 24 hours a week. Two self-employed team members: Yemisi Cedar(Senior Mentor). David Ilori (Mentor).

Four self-employed Mentors who all work 2 days/16 hours per week – Sean Bradish (Mentor), Errol Johnson (Mentor), David Brooker (Mentor), Penny Teirney (Mentor). Mentors are also called in on a work needs requirement basis.

All staff and mentors are paid in line with their job role.

The charity as a part of a wider network.

Exit Foundation has placed itself under the accountability of Teen Challenge London and as such works closely with Teen Challenge UK. Exit Foundation also works closely with The Met police, Probation Service, Spark2life Charity, Youth Offending Services and Children’s Social Care services as a mentoring Service Provider.

Bankers Barclays Bank Plc, 180 High Road, Ilford, Essex IG1 1LS Solicitors Red Kite Solicitors, 14-15 Spilman Street, Carmarthen, West Wales SA31 1SR

Financial review

The charity's financial position at the end of the year ended 31 March 2023

The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Net income Unrestricted Revenue Funds available for the general purposes of the charity Total Funds	2023 £ 41,041 151,145 151,145	2022 £ 31,821
		110,105
		110,105

4

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

Financial review of the position at the reporting date, 31 March 2023.

The Trustees consider the financial performance by the charity during the year to have been satisfactory. The majority of outgoing resources are used on charitable causes and activities directly related to supporting clients into E,T.E, Travel, interview clothing, emergency hotel accommodation, meals etc. There are also expenses on other charitable causes, staff costs and vehicle costs.

Specific changes in fixed assets are detailed in the notes to the accounts.

Policies on reserves.

It is the Exit Foundation policy to hold approximately 6 months expenditure in reserve.

Availability and adequacy of assets of each of the funds

The Board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Principal funding sources in the year and how these support the key objectives of the charity.

31/03/22 - 31/03/23 Monies received via church presentations/donations. - This money supports our pro bono services. £19,000

31/03/22 – 31/03/23 Monies received via London Borough of Newham Youth Justice Service, Social Services & Leaving Care Team, for Exit Foundation services. – This money supports our mentoring of young people and adults. £28,500

31/03/22 – 31/03/23 Monies received via London Borough of Lambeth for Mentoring Services. - This money supports our mentoring of young people.

£12,000

19/04/21 – 12/04/23 Exit Foundation commissioned by London VRU to work with consortium of four organisations to deliver a twoyear mentoring service across the Borough of Newham, titled ‘My Ends’. Exit Foundation received. - This money supports our mentoring of young people and adults.

£83,000

31/03/22 – 31/03/23 Exit Foundation commissioned by MOPAC to work with consortium of four organisations to deliver ‘Transitions to Adulthood’ mentoring service in the London Borough of Newham. - This money supports our mentoring of young people and adults. £40,000

31/10/22 – 31/09/23 Exit Foundation commissioned by London VRU to work with the London Borough of Newham YJS to deliver a Mentoring Service. - This money supports our mentoring of young people. £20,000

29/11/23 – 30/10/23 Exit Foundation commissioned by MOPAC to work in consortium to deliver Mentoring Services to London Borough of Newham YJS on ‘Disproportionality’ contract.- This money supports our mentoring of young people. £20,000

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

Exit Foundation are looking to expand and develop in all areas that they have worked in over the past couple of years.

5

Details of The Independent Examiner

Fumi Popoola B.Sc FCCA CTA Member of Association of Chartered Certified Accountants FP Associates Limited 36A Goodmayes Road Ilford Essex IG3 9UR

6

EXIT FOUNDATION

Trustees' Annual Report for the year ended 31 March 2023

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 22 January 2024.

Ms Pauline Anderson

Trustee

7

EXIT FOUNDATION

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 10 to 23 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

8

EXIT FOUNDATION

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Fumi Popoola B.Sc ACCA CTA

Association of Chartered Certified Accountants FP Associates Limited 36A Goodmayes Road Ilford Essex IG3 9UR

This report was signed on 22 January 2024

9

EXIT FOUNDATION - Statement of Financial Activities for the year ended 31 March 2023

Statement of Financial Activities for the year ended 31 March 2023

SORP Ref Income & Endowments from: Donations & Legacies A1 18,873 Charitable activities A2 277,391 Total income A 296,265 Expenditure on: Charitable activities B2 255,224 Total expenditure B 255,224 Net income for the year 41,041 Net income after transfers A-B-C 41,041 Net movement in funds 41,041 Reconciliation of funds:- E Total funds brought forward 110,105 Total funds carried forward 151,146 Current year Unrestricted Funds 2023 £	- - - - - - - - - - Current year Restricted Funds 2023 £	18,873 277,391 296,265 255,224 255,224 41,041 41,041 41,041 110,105 151,146 Current year Total Funds 2023 £	18,912 195,982 Prior Year Total Funds 2022 £
			214,894
			183,073
			183,073
			31,821
			31,821
			31,821 78,284
			110,105

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 14 to 23 form an integral part of these accounts.

All activities derive from continuing operations

The notes attached on pages 14 to 23 form an integral part of these accounts.

10

EXIT FOUNDATION - Statement of Financial Activities for the year ended 31 March 2023

EXIT FOUNDATION - Resources applied in the year ended 31 March 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities	2023 £ 41,041 (2,949) - 38,092	2022 £ 31,821 (20,995) -
		10,826

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 14 to 23 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 March 2023

Revenue accumulated funds

Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue funds Summary of funds Revenue accumulated funds	Unrestricted Funds 2023 £ 110,105 41,041 151,146 151,146 Unrestricted and Designated funds 2023 £ 151,146	Restricted Funds 2023 £ - - - - Restricted Funds 2023 £ -	Total Funds 2023 £ 110,105 41,041 151,146 151,146 Total Funds 2023 £ **151,146 **	Last year Total Funds 2022 £ 78,284 31,821
				110,105
				110,105
				Last Year Total Funds 2022 £ 110,105

The notes attached on pages 14 to 23 form an integral part of these accounts.

11

EXIT FOUNDATION - Statement of Financial Activities for the year ended 31 March 2023

EXIT FOUNDATION

Income and Expenditure Account for the year ended 31 March 2023

Income Income from operations Investment income and interest Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Realised losses on disposals of social investments which are programme related Total expenditure in the year Net income before tax in the financial year Tax on surplus on ordinary activities Net income after tax in the financial year Retained surplus for the financial year	2023 £ 296,264 296,265 296,265 246,439 6,092 2,610 - 255,224 41,041 - 41,041 **41,041 **	2022 £ 214,894
		214,894
		214,894
		172,848 7,105 3,120 -
		183,073
		31,821 -
		31,821
		31,821

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 14 to 23 form an integral part of these accounts.

12

EXIT FOUNDATION - Balance Sheet as at 31 March 2023

		SORP
	Note	Ref		2023			2022
					£		£
Fixed assets		A
Tangible assets	9	A2		18,170			21,313
Current assets		B
Debtors	11	B2	42,180			69,502
Cash at bank and in hand		B4	105,563			40,307
Total current assets			147,743			109,809
Creditors: amounts falling due within
one year	12	C1	(11,560)			(12,396)
Net current assets				136,183			97,413
				154,353			118,726
Net assets
Creditors: amounts falling due after more
than one year	13	C2		(3,207)			(8,621)
The total net assets of the charity				151,146			110,105
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
				-			-
Unrestricted Funds
Unrestricted Revenue Funds	19	D3	151,146			110,106
				151,146			110,106
Designated Funds
Total charity funds				151,146			110,105

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Ms Pauline Anderson

Trustee Approved by the board of trustees on 22 January 2024

The notes attached on pages 14 to 23 form an integral part of these accounts.

13

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

• 1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

In planning activites the Trustees have applied the Charity Commission guidance on public benefit.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance-related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

14

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Income recognition

Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises	0 % straight line
Leasehold premises	2 % straight line
Plant and machinery	25 % reducing balance
Motor vehicles	25 % reducing balance

A regular annual review of the likelihood of asset impairment is undertaken.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

15

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

There are no Designated funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There were no restricted funds in this period.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of financial instruments.

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
	2023	2022
	£	£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets	6,092	7,105

6 The contribution of volunteers

The charity has the support of volunteers, but as a result of safeguarding issues, their contribution is limited to administrative support. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

16

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

7 Staff costs and emoluments

The estimated full time equivalent number of all staff employed as above Salary costs Gross Salaries excluding trustees and key management personnel Employer's National Insurance for all staff Total salaries, wages and related costs The average number of full time staff employed in the year was The estimated equivalent number of full time staff deployed in different activities in the year Engaged on publicity activities Engaged on management and administration	was:	2023 £ 55,825 1,949	2022 £ 55,550 2,446
		57,774	57,996
		- 1 0.5 0.5	1 0.5 0.5
		1	1

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.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

• 8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

9 Tangible fixed assets

Current Year Cost At 1 April 2022 Additions At 31 March 2023 Depreciation Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022	Land and Buildings Plant & Machinery Motor Vehicles Total Total £ £ £ £ £ - 428 27,990 28,418 28,418 - 2,949 - 2,949 2,949
	- 3,377 27,990 31,367 31,367
	- 844 5,248 6,092 6,092
	- 951 12,246 13,197 13,197
	- 2,426 15,744 18,170 18,170
	- 321 20,992 21,313 21,313

17

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Prior Year Cost 01 April 2021 31 March 2022 Depreciation Net book value 31 March 2022 31 March 2021 All assets are used for direct charitable purposes. 11 Debtors Trade debtors Prepayments and accrued income Other debtors 12 Creditors: amounts falling due within one year Accruals PAYE, NIC VAT and other taxes Other creditors 13 Creditors: amounts falling due after one year Bank loans and overdrafts Finance lease and HP contracts 16 Income and Expenditure account summary At 1 April 2022 Surplus after tax for the year At 31 March 2023	Land and Buildings Plant & Machinery £ £ - 428	Motor Vehicles Total Total £ £ £ 6,995 7,423 7,423
	- 428	6,995 7,423 7,423
	- 428	6,995 7,423 7,423
	- 428	6,995 7,423 7,423
		2023 2022 £ 56,559 £ 53,421 (14,469) (14,469) 90 30,550 42,180 69,502 2023 2022 £ £ 1,490 770 2,288 3,844 7,782 7,782 11,560 12,396 2023 2022 £ £ - (83) 3,207 8,704 3,207 8,621 2023 2022 £ £ 110,105 78,284 41,041 31,821 151,146 110,105

18

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

17 Related party transactions

There was a loan of £27,000 made to EF Housing Limited on 28 March 2022, a company connected to Mr P Dayes. This loan was repaid in full on 30 June 2022.

18 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2023 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities At 1 April 2022 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities	- - - Unrestricted funds £ Designated funds £ Restricted funds £ Total Funds £ Total Funds £ 18,170 - 18,170 18,170 147,743 - 147,743 147,743 (11,560) - (11,560) (11,560) (3,207) - (3,207) (3,207)
	- 151,146 - 151,146 151,146
	- - - - Unrestricted Designated Restricted Total Total funds funds funds Funds Funds £ £ £ £ £ 21,313 - 21,313 21,313 109,809 - 109,809 109,809 (12,396) - (12,396) (12,396) (8,621) - (8,621) (8,621)
	- 110,105 - 110,105 110,105

19 Change in total funds over the year as shown in Note 18 , analysed by individual funds

Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds	Funds brought forward from 2022 Movement in funds in 2023 Transfers between funds in 2023 Funds carried forward to 2024 Funds carried forward to 2024 See Note 20 See Note 0 £ £ £ £ £ 110,105 41,041 - 151,146 151,146
	110,105 41,041 - 151,146 151,146
	110,105 41,041 - 151,146 151,146

20 Analysis of movements in funds over the year as shown in Note 19

19

EXIT FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Other

	Income	Expenditure	Gains &		Movement	Movement
			Losses		in funds	in funds
	2023	2023	2023		2023	2023
	£	£	£		£	£
Unrestricted and designated funds:-
Unrestricted Revenue Funds	296,265	(255,224)		-	41,041	41,041

21 The purposes for which the funds as detailed in note 19 are held by the charity are:-

Unrestricted and designated funds:-

These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. Restricted funds:- Restricted Fixed Asset Funds The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of Restricted Revaluation Reserve the charity's assets.

22 Ultimate controlling party

The charity is under the control of its legal members.

20

EXIT FOUNDATION

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

23 Donations, Grants and Legacies Donations and gifts from individuals Donations and gifts from individuals (Include HMRC refunds on gift aided donations) Total donations and gifts from individuals Revenue grants from government and public bodies HMRC JRS Grant Total public sector revenue grants Revenue grants and donations from non public bodies London Catalyst Grant Total private sector revenue grants Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1	Current year Unrestricted Funds 2023 £ 18,873	Current year Restricted Funds 2023 £ -	Current year Total Funds 2023 £ 18,873	Prior Year Total Funds 2022 £ 17,912
	18,873	-	18,873	17,912
	Current year Unrestricted Funds 2023 £ -	Current year Restricted Funds 2023 £ -	Current year Total Funds 2023 £ -	Prior Year Total Funds 2022 £ 9,669
	-	-	- Current year Total Funds 2023 £ - - 18,873	- Prior Year Total Funds 2022 £ 1,000
	Current year Unrestricted Funds 2023 £ -	Current year Restricted Funds 2023 £ -
	-	-		1,000
	18,873	-		18,912

21

EXIT FOUNDATION

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

Charitable income from funders LB of Newham Childrens Social Services Newham Leaving Care Team Lambeth Leaving Care Team Our Newham Work Newham Youth Offending Team Fight For Peace Spark 2 Life Paradigm Project LB of Newham Havering Leaving Care Team Redbridge City College Be Purpose Driven Limited Total Charitable income from funders	Current year Unrestricted Funds Current year Restricted Funds 2023 2023 £ £ 33,963 - 6,450 - 10,565 - 34,500 - 28,167 - 79,709 - 40,400 - - - 24,140 - - - 5,000 - - - 277,391 -	Current year Total Funds Prior Year Total Funds 2023 2022 £ £ 33,963 63,018 6,450 53,258 10,565 12,875 34,500 11,500 28,167 1,800 79,709 33,431 40,400 20,000 - 100 24,140 - - - 5,000 - - - 277,391 195,982

Spare heading 1 broad heading with no analysis- replace with text

Spare heading 2- broad heading with no analysis -replace with text

Total Charitable income from funders:- Current year - income from funders 24 Total Income from charitable activities Current year Income from funders Total from charitable activities A2	Unrestricted Funds 2023 £	Restricted Funds 2023 £	Total Funds 2023 £	Prior Year Total Funds 2022 £
	277,391	-	277,391	195,982
	Current year Unrestricted Funds 2023 £ 277,391	Current year Restricted Funds 2023 £ -	Current year Total Funds 2023 £ 277,391	Prior Year Total Funds 2022 £ 195,982
	277,391	-	277,391	195,982

22

EXIT FOUNDATION

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

25 Expenditure on charitable activities - Direct spending

Current Year Travel and Subsistence - Charitable Activities Motor expenses Total direct spending B2a	Current year Current year Unrestricted Funds Restricted Funds 2023 2023 £ £ 1,193 - 4,677 -	Current year Total Funds 2023 £ 1,193 4,677	Prior Year Total Funds 2022 £ 1,152 6,955
	5,870 -	5,870	8,107

26 Expenditure on charitable activities- Grant funding of activities

26 Expenditure on charitable activities- Grant funding of ac	tivities
Current Year Grants made to individuals Total grantmaking costs B2c 27 Support costs for charitable activities Current Year Employee costs not included in direct costs Salaries - Administrative staff Employers' NI - Administrative staff Training and welfare - staff Subcontractors Premises Expenses Licence fees payable Administrative overheads Telephone, fax and internet Stationery and printing Advertising and marketing Sundry expenses Website Computer costs Insurance	Current year Current year Unrestricted Funds Restricted Funds 2023 2023 £ £ 4,509 -	Current year Prior Year Total Funds Total Funds 2023 2022 £ £ 4,509 1,055
	4,509 -	4,509 1,055
	Current year Unrestricted Funds Current year Restricted Funds 2023 2023 £ £ 55,825 - 1,949 - 1,669 - 40,181 - - - 1,614 - 3,536 - - - 164 - 673 - 1,602 - 1,836 -	Current year Total Funds Prior Year Total Funds 2023 2022 £ £ 55,825 55,550 1,949 2,446 1,669 3,630 40,181 22,138 - - 1,614 1,436 3,536 505 - 198 164 45 673 1,142 1,602 242 1,836 1,790

23

EXIT FOUNDATION

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

Professional fees paid to advisors other than the auditor or examiner Mentors fees 107,463 - Other legal and professional 9,053 - Financial costs Bank charges 105 - Depreciation & Amortisation in total for the 6,092 - Support costs before reallocation 242,235 - Total support costs - Current Year 242,235 - The basis of allocation of costs between activities is described under accounting policies	Professional fees paid to advisors other than the auditor or examiner Mentors fees 107,463 - Other legal and professional 9,053 - Financial costs Bank charges 105 - Depreciation & Amortisation in total for the 6,092 - Support costs before reallocation 242,235 - Total support costs - Current Year 242,235 - The basis of allocation of costs between activities is described under accounting policies	107,463 9,053 105 6,092	68,233 6,231 100 7,105
	242,235 -	242,235	170,791
	242,235 -	242,235	170,791
	accounting policies		- - -

All the expenditure in the prior year was unrestricted. Administrative overheads

The basis of allocation of costs between activities is described under accounting policies

28 Other Expenditure - Governance costs

Current Year Independent Examiner's fees Accountancy and Bookkeeping Total Governance costs	Current year Unrestricted Funds Current year Restricted Funds 2023 2023 £ £ 840 - 1,770 -	Current year Total Funds 2023 £ 840 1,770	Prior Year Total Funds 2022 £ 720 2,400
	2,610 -	2,610	3,120

All the expenditure in the prior year was unrestricted.

29 Total Charitable expenditure

Current Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Current year Unrestricted Funds Current year Restricted Funds 2023 2023 £ £ 5,870 - 4,509 - 242,235 - 2,610 -	Current year Total Funds 2023 £ 5,870 4,509 242,235 2,610	Prior Year Total Funds 2022 £ 8,107 1,055 170,791 3,120
	255,224 -	255,224	183,073

24

EXIT FOUNDATION

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

All the expenditure in the prior year was unrestricted. Prior Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Prior Year Prior Year Prior Year Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 8,107 - 8,107 1,055 - 1,055 170,791 - 170,791 3,120 - 3,120
	183,073 - 183,073

25