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2021-08-31-accounts

The • Student TRUSTEES. ANNUAL REPORT 2021

Contents

Impact Report

The Student View (A company limited by guarantee)

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2021.

Founder’s Welcome 4
Chair’s Letter 6
Who We Are 8
Story So Far 10
Our Achievements in 2020/21 14
Our Approach 18
Our Infuential Work 20
Our Work in Schools 26
2021 - 2022: A Look Ahead 38
ee’s Annual Report & Accounts
Reference and Administrative Information 42
Trustees’ Annual Report including Directors’ Report 45
Independent Examiner’s Report 48
Statement of Financial Activities 49
Balance Sheet 50
Notes to the Financial Statements 51
Thank Yous 56

Trustee’s Annual Report & Accounts

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Solomon Elliott

Founder and Chief Executive, The Student View

This report wraps up a year of change at The Student View and highlights the beginning of our bright future. We have new partnerships with both industry leaders and parliamentarians for education reform and have expanded our programmes. 2020/2021 has been a productive year despite the challenges Covid provided.

New partnerships were launched to expand these workshops outside of the capital to different age groups and abilities.

We teamed up with TikTok on a critical thinking campaign

We also assembled a group of parliamentarians to form a crossparty forum that discusses how to equip young people and wider society with the critical thinking skills needed today when consuming media. The group took those involved to task, from quizzing social media companies on what they are doing to preventing the

spread of misinformation; to asking teachers and students, who have been part of our programmes, what support they need to be able to spot it.

Our student reporters were part of one of the most diverse newsrooms in the country, 59% in receipt of the pupil premium, 63% from a Black, Asian or minority ethnic background and 12% with additional learning needs. In 2020/21, we ran virtual workshops in 23 schools, working with 446 young people and 26 Financial Times journalists volunteered their time.

Thank you for being part of another brilliant year!

Solomon Elliott Founder and Chief Executive, The Student View

Founder’s Welcome

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Chair’s Letter

2020/21 was a decisive year for the charity as the need for our expertise became more apparent due to the rise in misinformation around the pandemic. To tackle this crisis, we formed powerful new relationships and proved ourselves as industry leaders with ambitions to advance media literacy for generations to come. We ran virtual workshops in 23 schools and adapted our curriculum to match the digital world we live in.

“ This year we launched the All-Party Parliamentary Group on Media Literacy Being the secretariat of the group, our charity has been put in the forefront for change as we shape conversations politicians have with teachers, students, social media companies, journalists, and regulators. ”

Our work teaching students continued on a virtual basis, and they learnt about the dangers of misinformation on their news feeds that threaten public health, democracy, and security. Our TSV reporters completed interactive quizzes, online worksheets, and virtual workshops as visits were limited during the Covid-19 pandemic.

We reached students that are typically underrepresented by traditional media; 59% of students were in receipt of pupil premium, 63% from a Black, Asian or minority ethnic background and 12% with additional learning needs. We worked with 446 students this year, which brings us to a total of 2,035 since September 2016.

Thank you to everyone involved with our programmes in 2020/21.

Jo Binding Chair of Trustees, The Student View

Jo Binding

Chair of Trustees, The Student View

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They need:

Who We Are

Better Mental Wellbeing

Our Vision

We are working towards creating a world of media literate creators and consumers.

51%

of the UK’s children say they have been exposed to more misleading online content in the last year than before 2020 often leaving them feeling annoyed, upset, sad, angry, attacked or scared. UK Safer Internet Centre, 2020

Vital Education

Our Mission

TSV is a media literacy charity using the power of journalism to give young people a chance to share their world through words. We train schoolchildren as local news reporters.

Why is our work so important now?

Children in the UK are not being given the support they need to navigate the digital world safely without being misled by false or malicious information.

53%

36%

24%

of teachers haven’t heard of the government guidance on how media literacy should be taught as part of the national curriculum, according to a survey of more than 6,500 teachers working in England. Teacher Tapp, 2020

Trustworthy News

of British people say they trust the news. Reuters Institute’s Digital News Report, 2021

Critical Thinking Skills

of internet users in the UK don’t consider the potential trustworthiness of online information at all. Ofcom, Adults’ Media Use and Attitudes Report, 2021

Story Far

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First funding
School for Social
Entrepreneurs First Journalist First News
grant funded by Volunteer Partner The
First Fundraising Journalist Josh
the Big Lottery Financial Times
Event Lowe, Hatch End
Fund and Lloyd’s supported a
An evening High School,
Bank for £5,000 with Emma Harrow project for 10
Barnett and London school
Alan Rusbridger, newsrooms
£22,000 raised
First Programme
First Pop-up Delivered Outside
Newsroom of London funded
Bentley Wood by Google.org
High School for
Girls, Harrow
1,000 TSV
Journalists
Trained
Dixon Allerton
New Website
Launched Academy,
Bradford
Solomon Elliott First Focus on
appointed to the Investigative
Support Global
BBC’s Diversity & Local Journalist
Programmes
Inclusion Advisory
International with support from
Group
media literacy e-democracy
efforts in Bulgaria project MySociety
and Mongolia
TSV joined
Lankelly Chase
Foundation
network
Launch of
TSV awarded
2019 Global Youth All-Party
and Media Prize Parliamentary
Group on Media
Literacy
#FactCheckYourFeed
TikTok Campaign
First National
News
Investigation
published in The
Guardian
Online Media
First Annual Literacy Strategy
Student View published by the
Awards Government
APPG on Media
Literacy meets
with Minister
Caroline
Dinenage
October
2017 September
2018
September
2016
June
2017
November
2018
September
2016
January
April
February 2019
2019
2019
May April
2019
2021
November August
2019 2019
May
2021
September
2020
November
2021
June July
2020
July 2021
2021
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2020/21 in Numbers

Our Achievements in 2020/2021

23 newsrooms launched in 2020/21, 123 newsrooms since September 2016

  1. We became the founding Secretariat for the All-Party Parliamentary Group on Media Literacy

  2. We joined the Lankelly Chase Foundation Network

  3. New digital workshops launched with The Financial Times

  4. Campaign with TikTok hits over 15 million views

  5. 15 million views 7. Tony Gallagher, Deputy Editor of The Times joined us for a

    1. Government publish Online workshop with Stationers’ Crown Media Literacy Strategy Woods Academy

  7. The Student View project with 8. iNews opinion piece published The Financial Times mentioned about The Student View as a case study in Government report

446 TSV Reporters trained this year, 2,035 since September 2016

41 investigations published, 7 in local newspapers

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TSV Reporters
in Numbers
12% with SEND
One of the most
diverse newsrooms
in the country
63% Black, Asian
or Minority-Ethnic
59% in receipt of pupil
premium - the most
disadvantaged children in
the country
Students from year 8 to year
13 participated, 39% were in
year 9 (age 13/14) and 37%
39% male, 60%
● were in year 10 (age 14/15)
female and 1% non-
binary
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Our Approach

Real-life Impact

Curated Curriculum

Skills Focused

Investigations inspired by the views of young people from underrepresented groups were shared by local news organisations and community groups.

Equipping young people with the tools to analyse data in order to write their own local news articles.

Designed new digital interactive quiz to train young people to be media literate inspired by Finland’s approach.

Shared Learnings:

Creating Engaging Lessons

Our budding journalists enjoyed a rich curriculum inside and outside the classroom, complete with complex skills such as spotting misinformation and discerning the difference between fact and opinion.

Digital Outreach

Teaming up with TikTok to design short educational videos on media literacy that were shared on the platform.

Making an Impact in Local Communities

The voices of young people were amplified as local newspapers published their investigations in South London Press, Richmond Times, Wandsworth Guardian and Sutton and Croydon Guardian.

Adapting to Evolving Situations

Our approach was transformed to address the ongoing situation surrounding the Coronavirus pandemic, moving from an inschool workshop to a digital-only delivery.

Our Influential Work

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Outside of the classroom, we shaped the conversation
about media literacy and how to be safe on the internet,
through our work in parliament, media and on social media.
Lord Hastings
(Co-Chair)
Damian Hinds MP
(Vice-Chair)
Siobhain McDonagh MP
(Vice-Chair)
Lord Knight
(Vice Chair)
John Nicolson MP
(Vice-Chair)
Lord Puttnam
Damian Collins MP (Officer)
(Chair)
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All-Party Parliamentary Group on Media Literacy x The Student View

The goals of the APPG Members

We assembled a group of politicians to form a cross-party forum that discusses how to equip young people and wider society with the critical thinking skills needed today when consuming media.

We hosted a series of listening sessions during which we quizzed social media companies about what they are doing to prevent the spread of misinformation and asked teachers and their pupils what support they need to be able to spot it.

The work and strategy of regulators and journalists to combat misinformation and educate news consumers were also examined by the parliamentarians.

More than eight months after the launch of the APPG, Minister Caroline Dinenage presented the newly-published Government’s Online Media Literacy Strategy to the group.

A research report into the state of media literacy in England was published in April 2022.

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TikTok x The Student View

We consulted on a critical thinking campaign to ensure influencers shared top tips for their fans to navigate the internet in a safer way. From how to think critically to how misinformation spreads, these lessons were viewed more than 15 million times. Presenter Dan Walker, Food Vlogger Iona McPhearson, Football expert Ben Nuttall and Journalists Max Foster and Sophia Smith Galer created videos for #factcheckyourfeed.

The i x The Student View

Ian Burrell from The i newspaper sang the praises of our founder and our TSV reporters in an opinion piece, published in April 2021. He wrote about the impact our charity has had on young people, our volunteers and our ambitious plans to teach media literacy to 10,000 schoolchildren across the UK over the next three years.

Our Work in Schools

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Financial Times x The Student View

Most schoolchildren missed more than half of their expected days in the classroom between March 2020 and April 2021. Despite this, we were still able to impact the lives of our TSV reporters

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20 School Newsrooms
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57% Female, 43% Male
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19 London Boroughs

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61% Black, Asian or
Minority-Ethnic
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381 TSV Reporters (Pupils)

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10% with SEN
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63% in receipt of Pupil Premium

41 local news investigations published, 7 in local newspapers

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FT 2020/21:

Our Community Editor Caitlin Webb designed the new digital media literacy workshops, undertook newsgathering work and published our stories. The programme was delivered to 381 young people digitally.

We worked with volunteer FT news journalists to deliver media literacy training to TSV reporters to support them to develop their own local news investigations. Particular thanks to FT Deputy Managing Editor Abbie Scott, Editor of South London Press Toby Porter and RADAR AI Founder Alan Renwick.

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1
4 12
3
16 10 7 19 15
18
8 6
17
5
13 14
9
11
2
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FT Newsrooms in 19 Boroughs:

  1. Enfield 3. Havering 5. Southwark 7. Camden 9. Lewisham

2.Croydon 4. Harrow 6. Tower Hamlets 8. Westminster 10. Brent 12. Haringey 14. Bexley 16. Hillingdon 18. Newham

  1. Merton 13. Greenwich 15. Barking and Dagenham 17. Kensington and Chelsea 19. Hackney

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Headlines from the TSV Student Reporters

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Impact

We asked the students for the feedback and this is what they told us:

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Students stated that the workshops were very useful 89%
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Student Achievements
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1. Correctly defining 2. Correctly defining
Misinformation: Disinformation:
Before the After the Before the After the
workshop: 80% workshop: 93% workshop: 42% workshop: 74%
3. Correctly defining 4. Successfully identify at
Malinformation: least one behaviour to spot
Misinformation:
Before the After the Before the After the
workshop: 33% workshop: 77% workshop: 28% workshop: 88%
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“ I have learnt that the news is very important to those who want to learn something new and I have also learnt some amazing facts on fake and trusted news stories. This was very worth it to learn! ”

TSV Reporter | Coombe Wood School

“ Spending some time with The Student View pupils just made me want to come back and join more of their sessions. Great initiative. ”

Silvia Pavoni | Economics Editor of the Banker, Part of FT

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Stationers’ Crown Woods Academy x The Student View

Deputy Editor of The Times Tony Gallagher joined TSV Reporters at Stationers’ Crown Woods Academy for their investigation.

“ I’m passionate about media literacy and I cannot speak highly enough about The Student View. They do a brilliant job of teaching students about the perils of fake news and how to sift fact from fiction in an increasingly partisan age - a task that is vital today. Their enthusiasm is infectious. I can’t wait to work with them again. ”

Tony Gallagher | Deputy Editor, The Times

Local News Partnerships

The brilliant ideas of our teenage reporters were published by our partners at local news organisations across the country. These investigations ensure the views of the reporters are part of their community’s conversations and give the students an opportunity to analyse data to create an informative and engaging story.

The Stories:

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Click
Here to
Read
Click
Here to
Read
Click
Here to
Read
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202112022: A LookAhead

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6

5

1. Reaching More Children 4. Framing The Than Ever Before Conversation

We aim to teach 10,000 schoolchildren across the country in the next three years with our in-school newsrooms.

New research on media literacy and children’s understanding of the digital world will be commissioned by our team.

2. Delivering Original News 5. Teaming Up with New Stories Created by Young Partners People

We plan to work with the industry leaders such as News UK, Google News Initiative and continue our work with the Financial Times.

With the help of our team of TSV Reporters, we hope to create even more content on issues teenagers care about.

6. Continuing our Crucial Work

3. Creating Career Pathways

We will be forming our ambition plans to ensure our TSV Reporters can get a foot into the media industry with apprenticeships and work experience placements in news organisations.

We will continue to be the secretariat for the All-Party Parliamentary Group for Media Literacy, shaping future policy in the field.

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3

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Trustees. Annual Report

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Reference and Administrative Information

Company No. 09408293

Charity No. 1172656

Registered Office

Impact Brixton 17a Electric Lane Brixton London SW9 8LA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law.

The following Directors and Trustees served during the year 2020/21:

J. Binding (Chair) D. Clark (Treasurer) J. Burrows M. Cole B. Cummings

Accountants

Crossley Group Star House, Star Hill Rochester Kent ME1 1UX

Trustees’ Annual Report including Directors’ Report

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”

Objectives and Activities

The Student View was incorporated in England and Wales as a private company limited by guarantee on 27th January 2015 and was registered with the Charity Commission on 11th April 2017. This report includes the Directors’ Report as required by company law. The Student View is established for charitable purposes to provide media literacy education to young people from under-resourced communities. The Trustees have a duty to consider public benefit guidance as published by the Charity Commission. The Trustees are aware of the Charity Commission guidance on public benefit reporting and are satisfied that the activities of The Student View meet the requirements for them to be considered as being provided for the public benefit. We have demonstrated how we have worked towards our charitable purposes in the sections below.

The Student View is a media literacy charity training schoolchildren across England as investigative local news reporters. Our workshops introduce young people aged 11-18 underrepresented backgrounds in the media (59% in receipt of the pupil premium) to the social media landscape, train them on how to spot misinformation and to understand the differences between fact and opinion. We work with journalists across different types of media and right across the political spectrum to teach young people the skills of a junior reporter.

We select schools in low-income areas and deliver a single workshop over a total of 3 hours working with a facilitator and a volunteer journalist. The curriculum includes topics on the role of news, what a journalist does, what is misinformation and how to spot it and other topics. The journalist encourages the children (we call them TSV reporters) to consider what local news issues matter to them and to develop their thinking enough that desk research or Freedom of Information (FOI) requests might be made to help quantify the story. Where interesting stories are identified we work with media partners to help secure coverage for the stories with the school’s name as a byline. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and Performace

In 2020/21 we conducted three main projects which were funded by the Financial Times, TikTok and Adobe. Please see the partner spotlight sections for details on the initiatives and their impact. Please see the 2020/21 in numbers section for details on our combined activities.

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Financial Review

This year we digitally delivered the ‘My Voice London’ programme with the Financial Times. Together with the income from the FT, TikTok, Adobe, PwC and other supporters our total income was £114,687 (£56,050 restricted, £58,637 unrestricted). Our expenditure covered our fundraising activity. The amount spent on charitable activities totalled £116,131. The cost includes staff salaries together with back office expenses. Our strategy this year was to seek to deliver successful programmes working with our partners and to seek to raise funds to extend our work outside of London to other parts of the UK and in particular to areas deemed to be social mobility cold spots. For our grant based income we provide regular impact and financial reporting to the donors detailing what we have done and what that activity has cost. Our fundraising strategy was to seek to develop relationships with additional media companies and those involved in the media ecosystem along the same lines as our FT partnership. We spent £10,000 and raised £211,000. With £180,000 coming from the Esmée Fairbairn Foundation over the next three years. This grant is an encouraging recognition of our hard work since becoming a charity in April 2017 and a strong endorsement of our future ambition to develop a “classroom to newsroom” pipeline.

The Trustees discussed the growth strategy for the charity together with the risks and wanted to put their energies into seeking to grow income and impact and to keep costs down. Given the majority of the charity’s income is project-based the focus on fundraising remains key to secure the charity’s longer term ambitions to scale the reach and impact. In mitigating risk the Trustees resolved to keep at least 6 months of costs in reserve. At the end of FY20/21 there was £104,861 in reserves which covers 7 months.

Plans for Future Periods

Our finance strategy for FY21/22 is to focus on fundraising as well as driving further efficiencies in our back office administration and governance work. For FY 21/22 our finance strategy is to scale: our fundraising strategy and budget has been developed to ensure we meet that goal. We have recruited the charitable fundraising consultancy Lemon and Honey to deliver strategic support including a fundraising audit, a defined strategy, theory of change refresh as well as prospect research for trusts, foundations and high net worth potential donors.

We will seek to develop further media partnerships and share best practice with other media literacy programmes in the UK and beyond. These programmes seek to empower and equip news consumers of all ages with the confidence, knowledge and skills they need to engage critically with news and current affairs. Trustees will assess the impact for future periods as part of the continuous planning work for FY 21/22. As part of this Trustees will form a judgement on the potential duration of the control measures and the impact that this may have with the future aims and activities of the charity. The Trustees have strong expectations that the charitable company has adequate resources to continue its operational existence for the foreseeable future, with the continuing support of its funders. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Structure, Governance and Management

The Board of Trustees is composed of five persons who fulfil the statutory duties and responsibilities of Trustees. The Board meets at least quarterly. The Trustees who served on the board during the year are as follows:

Directors and Trustees:

Chair: Joanna Binding

Treasurer: David Clark

Trustees:

(Resigned 07.09.2020) (Resigned 08.09.2020)

Geraldine Sharpe-Newton Angela Phillips James Burrows Marverine Cole Basia Cummings

Chief Executive Officer: Solomon Elliott

None of the Trustees has any beneficial interest in The Student View.

Major decisions are made collectively at board meetings, this includes any staff remuneration decisions which are reviewed annually. The Trustees have delegated to the Chair the day to day decisions and governance administration required to help support the CEO in the fundraising and operational activities in running the charity.

Trustees have indemnity insurance for executive risks, with a limit of Indemnity £100,000.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board,

J. Binding Chair of Trustees Dated: 11.05.2022

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Independent Examiner’s Report to the Trustees of The Student View

I report to the trustees on my examination of the financial statements of The Student View (the charity) for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 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 2011 Act.

Inde endent examiner’s statement p

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Statement of Financial Activities

~~(~~ including income and expenditure account ~~)~~

For the year ending 31 August 2021

Notes
Income and endowments
from:
Donations and
legacies
2
Other income
3
Total
Expenditure on:
Charitable activities
4
Net income for the year/
Net movement in funds
Fund balances at 1
September 2020
Fund balances at 31
August 2021		 Unrestricted
funds
2021
£
Restricted
funds
2021
£
Total funds
2021
£
Unrestricted
funds
2020
£
Restricted
funds
2020
£
Total funds
2020
£
58,476
56,050
114,526
36,280
147,782
184,062
161
-
161
6,093
-
6,093
58,637
56,050
114,687
42,373
147,782
190,155
62,581
53,550
116,131
41,956
122,543
164,499
(3,944)
2,500
(1,444)
417
25,239
25,656
81,046
25,239
106,305
80,650
-
80,650
77,102
27,739
104,861
81,067
25,239
106,306

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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.

Crossley Financial Accounting

Star House Star Hill Rochester Kent ME1 1UX

Dated: 11.05.2022

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Balance Sheet

~~(~~ Statement of Financial Position)

Notes to the Financial Statements

For the year ending 31 August 2021

At 31 August 2021

Balance Sheet
Statement of Financial Position)
At 31 August 2021
Notes
Current assets
Debtors
8
Cash at bank and in hand
Creditors:Amount falling due in one year
9
Net current assets
Income funds
Restricted funds
10
Unrestricted funds
Total funds		 2021
£
17,050
94,649		 £
104,861		 2020
£
1,700
120,537		 £
106,306
111,699
(6,838)		 122,237
(15,931)
27,739
77,102		 25,239
81,067
104,861 106,306

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 11.05.2022

And signed on its behalf by: 11.05.2022

J. Binding Trustees

1 Accounting policies

Charity information

The Student View is a private company limited by guarantee incorporated in England and Wales. The registered office is 17A Electric Ln, Brixton, London SW9 8LA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s [governing document], the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.3 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Company Registration No. 09408293

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1.4 Expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on raising funds - These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on charitable activities - These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs - These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure - These are support costs not allocated to a particular activity.

Assets costing more than £2,000 are capitalised. Assets brought forward from the prior year with cost below £2,000 have been fully written down in the year.

1.5 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Donations and legacies

Donations
Partners
Grants
Donations
Individuals
Partners
Financial Times
Friends of King’s College
Other Commercial Partners
Grants
Google.org (Year 1 & 2)
Jenkins Family Foundation
Apple Europe Limited
TikTok Uk
Lankelly Chase Foundation
APPG on Media Legacy		 Unrestricted
funds
2021
£
Restricted
funds
2021
£
Total funds
2021
£
Unrestricted
funds
2020
£
Restricted
funds
2020
£
Total funds
2020
£
136
-
136
20
-
20
58,340
-
58,340
36,260
-
36,260
-
56,050
56,050
-
147,782
147,782
58,476
56,050
114,526
36,280
147,782
184,062
136
-
136
20
-
20
136
-
136
20
-
20
54,520
-
54,520
27,260
-
27,260
800
-
800
4,000
-
4,000
3,020
-
3,020
5,000
-
5,000
58,340
-
58,340
36,260
-
36,260
-
-
-
-
119,562
119,562
-
-
-
-
2,981
2,981
-
-
-
-
25,239
25,239
-
16,250
16,250
-
-
-
-
29,800
29,800
-
-
-
-
10,000
10,000
-
-
-
-
56,050
56,050
-
147,782
147,782

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3 Other Income

HMRC Job Retention Scheme
Charitable Activities
Staffng Costs
Website & Platform
Travel & Expenses
Offce Space
Recruitment
Administration
Insurance
Share of governance costs (see note
5)
Analysis by fund
Unrestricted funds
Restricted funds		 Unrestricted
funds
2021
£
Unrestricted
funds
2020
£
161
6,093
161
6,093
2021
£
2020
£
82,967
117,069
4,099
2,435
142
15,061
725
8,738
-
234
13,788
14,983
(344)
373
101,377
158,893
14,754
5,606
116,131
164,499
62,581
41,956
53,550
122,543
116,131
164,499

4 Charitable Activities

5 Governance Costs

Governance Costs
Accountancy fees
Independent examiner
fees
Analysed between
Charitable activities		 Support
Costs
£
Governance
Costs
£
2021
£
Support
Costs
£
Governance
Costs
£
2020
£
-
12,097
12,097
-
3,026
3,026
-
2,657
2,657
-
2,580
2,580
-
14,754
14,754
-
5,606
5,606
-
14,754
14,754
-
5,606
5,606

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

Number of employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Charitable activities 2 3

There were no employees whose annual remuneration was £60,000 or more.

8 Debtors

Debtors
Amounts falling due within one year:
Prepayments and accrued
income
Creditors: amounts falling due within one year
Other Taxation and Social Security
Other Creditors
Accruals and Deferred
Income		 2021
£
2020
£
17,050
1,700
2021
£
2020
£
2,319
11,923
8
525
4,511
3,483
6,838
15,931

9 Creditors: amounts falling due within one year

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10 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

12 Related party transactions

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Share your Story
Jenkins Family Foundation
Apple Europe
Adobe
Lankelly Chase Foundation
TikTok		 Movement in funds
Movement in funds
Incoming
resources
£
Resources
expended
£
Balance at
1 September
2020
£
Incoming
resources
£
Resources
expended
£
Balance at
31 August
2021
£
119,562
(119,562)
-
-
-
-
2,981
(2,981)
-
-
-
-
25,239
-
25,239
-
-
25,259
-
-
-
10,000
(7,500)
2,500
-
-
-
29,800
(29,800)
-
-
-
-
16,250
(16,250)
-
147,782
(122,543)
25,239
56,050
(53,550)
27,759

Purposes and restrictions in relation to the funds:

Adobe

Funding part of the Programme Manager’s salary

TikTok UK

Funding part of the Programme Manager’s salary

Apple Europe

This grant will support a programme called MediaLit – a media literacy programme that will engage young Londoners, particularly from underserved backgrounds, with the tools they need to survive in the age of misinformation.

Lankelly Chase foundation

Funding part of the Programme Manager’s salary

11 Analysis of net assets between funds

Fund balances at
31 August 2021 are
represented by: Current
assets / (liabilities)		 Unrestricted
funds
2021
£
Restricted
funds
2021
£
Total funds
2021
£
Unrestricted
funds
2020
£
Restricted
funds
2020
£
Total funds
2020
£
77,102
27,759
104,861
81,067
25,239
106,306
77,102
27,759
104,861
81,067
25,239
106,306

To everyone who volunteered as a journalist To everyone who helped set up a school newsroom To eqeryone who introduced us to new supporters THANKYOU To everyone who funded our work To e￿eryOne who celebrote our )NorK online

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