IS SOCIAL MOBILITY BUSINESS PARTNERSHIP Trustees. annual report {In¢ludlng Dlrectors, report) for the period From.. 1$1 January 2023 to 31st December 2023 Charity name: Social Mobility Business Partnership Charity registration number.. 1174309 Company number: CE010808 Objectlves and actlvltles SORP reference Summary of the purposes of the charity as sel out ir7 ils governing document Para 1.17 The objects of SMBP are to advance th8 education of young people from low income backgrounds in particular bul not exclusively by.. (al providing and facililaling opportunities for them lo obtain work experience with organisalions working in or with the professions of law and accountancy, and such other professions and fields as the Trustees in their absolute discretion see ftt.. and Ib) advising and assisting them lo achieve the necessary qualilicalions and to enler and progress in careèrs in such PTolessions and fields. Summary of the main activities in relation lo those purposes for the public benelil,in particular, the aclivilies, projects or services identified in the a￿oUntS. Para 1.17 and 1.19 A volunteer-led charity, SMBP is a collaboration of over 200 commercial organisalioris. professional services firms and professional sports teams working lo deliver Vvork Insight and Skills weeks across Iwenly one towns and cities in the UK. All the SMBP Partners are commilled lo supporting Year 12 and Year 13 students from low income backgrounds in their pursuit of a career in businessl Sin¢e 2014, SM8P has grown from offering opportunities lo 20 students in London, lo over 650 sludenl places across the UK in 2023. In addition, the SMBP delivered il's first pilot Programme in Chicago, US, in partnership wolh law firms Faegre Drinker Biddle Realh and Holland & Knight. The students who took part in the US pilot were recruited by TA98. a Chicago based charily. Students benefit from spending a day al a professional sports club where they learn about the psychology of resilien¢e. they then spend a day with four different businesses in a week. Students gain an understanding of what each business does. insight into how they could WOTk there and develop their key competencies through inleraclive business games. A SMBP Career Mentoring Plallorm Ivi8 htt s.'Ilsmb .or rou mentorin then supports them through Iheirjourney lo a career by providing access lo advice on the ¢realion of Personal Slalemenls, Cvs and completion of application forms and guidan¢e on how lo prepare for interviews. Ir) addition lo the aforementioned website and caieer mentoring sile maintenance. sludenl travel and Resilience Day costs. the other main area of expenditure is staff. advisory costs and adminislfalion. Slalemenl confirming whethei the Iruslees have had regard to the guidance issued by the Charily Commission on public benefit Para 1.18 The guidance issued by the Charity Commission on public benefil has been circulaled lo Trustees and the Trustees have had regard lo the same al all relevant limes. Year 12 and Year 13 sludenls in England and Wales. Year 13 and Year 14 students in Northern Ireland. S5 and S6 students in Scotland. Additional information loplionall You may choose lo include further slalemenls where relevant about.. SORP referonce Policy on grant making Para 1.38 SMBP is not a grant making charity Policy on social investment including program related investment Para 1.38 SMBP not engage in inveslmenl a¢livily Contribution made by volunteers Para 1.38 SMBP is supported by over 800 volunteers acioss 30 clusters. Key volunteer roles are Cluster Head, Resilien￿ Delivery Lead and Lead Chaperone, supported by volunteers from all oui partners who help lo deliver the programme on the day and chaperone students during Iransportalion. The Cluster Head lakes overall responsibility for project managing the cluster. They manage and maintain ielalionships with all commercial partners and employee volunteers and airange regular meetings to ensure they are on track lo deliver an interactive and engaging day for the students and to prevent any duplication of material. Safeguarding is key lo the welfare of students and Cluster Heads are responsible for ensuring that all partners have ¢ompleled and submilled a health & safely assessment relevant lo their premises. They also ensure DBS certificates are in place for a lead chaperone who volunteers lo accompany students on long train or coach journeys during the programme. The Resileince Delivery Leads are trained in the conlenl Ihal is delivered lo all sludenl allendees a¢ross the UK during the Resilien¢e and Goal Planning Day. Volunteers spend a day being trained in the conlenl in London and a further day delivering il al a local professional sports club. Where coaches or long group train journeys are arranged by SMBP for travel, employees also volunteer as chaperones to ensure students are accompanied, with one Lead Chaperone completing an enhanced DBS check. Each participating business partner within all of the 30 clusters could not run Iheii SMBP day wilhoul the help of the three or rnOTe employees Ihal volunteer their lime to assist with the delivery of the day on their site. NIA Other Achlevements and Performance Summary of the main a¢hievemenls of the charily, identifying the difference the charity's work has made lo Ihe CITcumslances of ils beneficiaries and any wider benefits lo society as a whole. Para 1.20 Working with Year 12 and Year 13 slate school students from low income backgrounds, the charity works lo broaden access lo business. with a focus on show¢asing how ¢ommer¢ial teams work seamless5y with their legal and finance colleagues lo deliver business strategy. 11 is the first and only programme in Ihe UK that enables students lo see all three key elements of business in this way. Students altend a Work Insight and Skills week. spending a day al a professional sports club where students learn about the psychology of resilien¢e and goal achievement models, supported by our delivery partner Cleartrack Performance. This is followed by a day al each of four different businesses. In lolal there are 30 clusters spread across the UK, supporting students from Bellasl, Birmin9ham, Bradford, Bri9hlon. Bristol, Cambridge. Cardiff, Dorset. Exeler, Glasgow, Leeds, Greater London, Manchester, the North Wesl, the North Easl, Norwich, Reading and Rugby & Coventry. In 2024, in line with an ongoing commitment lo increase the number of sludenl pla¢emenls across the UK. the Programme aims lo extend ils programme lo include students from Newport. Wrexham, Derby, and Plymouth. In addition. the SMBP will also be running il's first Programmes outside of the UK, in, USA, in collaboration with the NHP Foundation, local charity TA98 and two US Law firms., Holland & Knight LLP and Faegre Drinker Biddle & Realh LLP. The Programme will be delivered across 12 months lo students from low income backgrounds, with students allending one Work Insight Day per month. SMBP employs five full lime members of staff and is grateful lo the 800 plus volunteers within the participating businesses, who deliver conlenl on SMBP days or lake responsibility for nlral functions under the direction of the SMBP team. All students who allend the Programme can register on SMBP'S bespoke Career Mentoring Platform. Participating students can draw on the experience of business, legal and finance professionals for advice on writing impacllul Cvs and personal slalemenls, completing university and job appli¢alion forms and prepping for an interview. As well as guidance, students Can opt lo receive information and signposting lo employment opportunities and ecruilmenl events al our partner organisalions. SMBP is affecting a sea change in the way work experience in the UK is delivered by creating a model which tackles the issue of lack of resource and budget to deliver meaningful employer experiences. Our full Impact Report can be found here.. s.'//smb .uklim act/ Students who attended the 2023 Programme and completed the Impact Survey concluded.. 1 OOQA said they would recommend the SMBP Programme lo other students. 820A ialed their SMBP experience as 'Very Good.. 990A said they have a beller or firm idea ofwhal they'd like lo for a joblcareer in the future. 93010 understand beller how a business operates and what they are looking for in employees. 87010 agreed the experience will strengthen their future applications. 91Vo rated their sell Confiden￿ as 'Very good, or'Good'. 96Vo agreed they have a belleT understanding of the career opportunities available lo them. SMBP'S Student Experience team is run by three alumni sludenls on a volunteer basis. Each are responsible for different stages of a students. placement with us.. The Heaif of Student Engagement is in charge of all comms that go lo students. 11 is vital all students feel prepared ahead of attending the SMBP week lo avoid unnecessary student clropouls. This includes sludenl onboarding comms, the SMBP Sludenl App regislralion process and simple user guides designed lo prepare students for the week e.g. How to get the most out of the SMBP Career Mentoring Platform The Head of Sludenl Experience is responsible for the cuialion of the common core elements of a SMBP week (including the Induction session) and impact reporting They review the conlenl and the impa¢l survey results each year to ensure re0￿UrfIng sludenl feedback is factored into the delivery of the following year. The Head of Sludenl Alumni oversees our various louchpoinls with students once they have completed the SMBP week. This includes a Linkedln Network for students once they are over 18, 'Recruilmenl Biles. which inform students of further SMBP partner opportunities (including paid internships and emplDymenl opportunities) and a Quarterly Newsleller. Addltlonal Informatlon loptlonal} You may choose to include further slalemenls where relevant about.. Achievements against objectives set Para 1.41 (see above) Performance of fundraising a¢livilies against objectives sel Para 1.41 NIA Running costs mel by corporate funding partners. Investment performance against objectives Para 1.41 NIA Other NIA Flnancial review Review of the ¢harily's financial position al the end of the period Para 1.21 As al 31.12.2023, the charity holds £201,056. in unreslricled funds, being our cash in bank. The charity also holds £fj5,000 in resliicted funds. which is a donation earmarked for the 2024 scheme. The charity has no other lixed or current assets. The only liabilities the charity has are a £6,549 creditor lo HMRC, and a £1,177 credit to our pension provider.. both sellled within 30 days of year end131.12.20231. The lolal income for the period was £276,084. The lolal expenditure was £273,608. The reserves of £201,056 amounl to 73°k of the lolal Year 6 spend and 62°h of the forecast spend in Year 7. With a healthy cash position, we do not envisage any problems in meeting our expenses as they fall due. Slalemenl explaining the policy for holding reserves slating why they are held Para 1.22 We will always aim lo havo 500h of our forecast spend funds in reserve, circa £165,000 for 2025. All Tier 1 and Tier 2 Funders have expressed a nonbinding intent lo fund for a minimum ol three years. Should funders choose not lo fund SMBP beyond year 3, il will be able lo continue lo operate for at least six months providing sijfficienl lime to find further funding. The resejves policy will bo reviewed annually lo lake into account any changing financial circumstances. Finances will be regularly monitored by the Head of Finance, and should they fall lo the reserve level. The Board will be promptly nolilied. Amount of reserves held Para 1.22 £201.056 Reasons for holding zeTO eserves Para 1.22 NIA Details of fund malerialty in deficit Para 1.24 NIA Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 There are no uncertainties about the charity's ability lo continue as a going concern. Funding has been secured lo cover all forecast expenses of the 2024 Programme. All partners and Iruslees are still on board. Key personnel remain in place. and our network of volunteers continue lo support the ch8rily. Additional information loptionall You may choose lo include further sialemenls where relevant about.. The charity's principal sources of funds {in¢luding any fundraising) Para 1.47 SMBP is based on the spirit of collaboration and the principle that all participating organisalions give Iheii lime without charge. The running ¢08ts of the charily are mel by funding from a number of organisations. Inveslmenl policy and objectives including any social investment Policy adopted PaTa 1.46 NIA The charity does not make any investments or social inveslmenls. A description of the principal risks facing the charity Para 1.46 NIA The charity financial risk is underpinned by ils corporate funders and the financial reserves policy, as noted above. Olhei NIA structure, governance and management Description of charilable Irusls.. SMBP does not have any charitable trusts. Type of gove¥ning document.. Para 1.25 SMBP is governed by ils Conslilulion as published on the Charity Commission's website. How is the charity consliluled? Para 1.25 The Charity is registered as a CIO Trustee selection methods includin9 details ol any conslilulional provisions e.9. election lo post or name of any person or body entitled lo appoint one or more trustees Para 1.25 T¥uslees are generally selected from one of the 161 businesses that support SMBP. based on their expertise in running similar schemes and large-scale DE&1 projects. Additional information loptionall You may choose to include further slalemenls where relevant about.. Policies and procedures adopted for the induction and training of Iruslees Para 1.51 When a new trustee is voted in, the General Counsel will undertake the following process-. Send a form lo the new Iruslee to collect information required for Charity Commission regislralion., RegisleT Iruslee with the Charity Commission., Notify Head ol Operations lo ¢ondu¢l a DBS check for the Iruslee., Send a Copy of SMBP'S Conslilulion to Iruslee.. and Send copies of the following policies.. SMBP'S Safeguarding Policy (along with link to guidance al ov.ukl uidancel safe uardin -dtJlies-foi- charil -Iruslees SMBP'S Criminal Finances Act Policy,. 10 11 SMBP'S Data Protection Policy linlernall., SMBP'S Stalemenl of Purpose, Objectives and Values., and Charity Commission's 3 pieces of guidance on Publi¢ Benefit.. Ihtt s.'Ilassels. ublishin .se ice. ov.ukl overnmenvu loa dsls slemlu loadslallachmen I dalallile15882341PB1 The ublic benelil re uiremenl. hll s'.Ilassels. ublishin .servi ov.ukl overnmenuu load sls slemlu loadslallachmenl dai*file16109431PB2 Runni a charil . dl and htt s'.Ilassets. ublishin .servi ce. ov.ukl overnmentlu load sls slemlu loadslallachmenl dalalfile15883071PB3 Re or tin SMBP also arranges an annual training session, delivered by a charity department al a law firm, on the responsibilities of Iruslees, with a focus on the Charity Governance Code. SMBP has 15 Trustees from the following organisalions.. Osborne Clarkè, Vanquis Banking Group, Mish¢on de Reya. Simply Business, Slaughler and May, Reed Smith, CMS Cameron McKenna Nabarro Olswang. Squire Pallon Boggs. Hogan Lovells. Linklaleis LLP. CliffoTd Chance. Burges Salmon. Pennon Group, Formula 1 and BT. The charity's organisalional structure and any wider network with which the charity works Para 1.51 The charity employs a Managing Director, a Head of Operations, a Head ol Technology and Communications, a Student Sourcing Execulive and a Delivery Executive. This employee team is supplemented by consullanl support from the Lexjam Consulting (Principal Consultant of LJC being the Founder) and the following volunteer executive roles.. Head of Finance, Head of Technology. Safeguarding Officer, General Counsel and tho Sludenl Experience team consisting of Head of Student Sourcing, Head of Sludenl Experience and Head of Alumni Relationship with any related parties Pala 1.51 SMBP works in collaboration with other charities lo improve social mobility including the Sullon Trust. Inlouniversily and Elephant Group. SMBP also partners with the regulatory bodies for the professions who co-author sludenl materials for the SMBP Sludenl App. They are.. SRA., CILEX,. Bar Standards Board; ICAEW and ACCA. Charity Governance Code 2017 htl s'.Ilwww.charit overnancecode.or Other len As noted above, SMBP arranges an annual training session for the Iruslees, delivered by a charity department al a law firm, on the responsibililies of Iruslees, with 8 focus on the Charity Governance Code. SMBP'S Slalemenl of Puipose, Objectives and Values that is followed by the Trustees is also based on the Code (See Appendix 1). Charities (Protection and Social Investment) Act 2016 SMBP does not meet the threshold above which additional reporting is required under the Charities {Proleclion and Social Inve8lment} Act 2016. Reference and administrative details 12 Charity name Social Moblllty Buslness Partnershlp Other name the charity uses SMBP Registered charity number 1174309 Charity's princip81 address Osbourne Clarke, One London Wall, London, EC2Y SEB Names of the charily trustees who manage the charity Trijstee name Office lif any} Dates acted If not for whole year Name of person lor body) entltled to appoint trustee lif any) Andrew Garard Chairman 18.08.2017 to current Russ911 Johnslone 30.01.20191o cuirenl Joanne Theodoulou 26.09.2018 to current Carole Mehigan Safeguarding Officer 24.01.20181o current Robert Elvin 24.01.2018 to current Dominic Robertson 01.06.2020 10 current Ray Berg 18.08.2017 10 Current Kevin Gold 18.08.2017 to Current Tanya Francis 09.06.2021 to current Robert Lawson 17.10.2019 to Current 13 Alex Edmislon 12.01.2023 to current Oliver Hipperson 23.05.2023 to current Alice Brelherton 10.06.2024 to curienl Michael Davison 10.06.2024 to current Paul Lewis 10.06.2024 to current Corporate trustees- namgs of the directors at the date the report was approved NIA Nam& of trustees holdlng tltle to property belonging to the charity NIA Funds held as custodian truste8s on behalf of oth8rs Description of the assets held in this capacity NIA Name and objects of the charily on whose behalf the assets are held ancl how this falls within the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Names and addresses of advisers (optional Informationl Type of adviser Name Address General Counsel Shelley Bezalel Osborne Clarke. One London Wall, London. EC2Y SEB 14 Consultant Isambard Innovalion Limited trading as Lexjam Consuling James House. 70 Chipslead Park, Sevenoaks, TN13 2SH Head of Finance Robert Henson Osborne Clarke. One London Wall, London, EC2Y SEB Head of Technology Annelle Brown Osborne Clarke. One London Wall, London, EC2Y SEB Name of chlef executive or names of senior slaff members {optional information) Lisa Godfrey (Head of Operations) and Jessica Clarkson (Programme Director) Exemptions from disclosure NIA other optlonal Informatlon NIA Declarations 15 The company has taken advantage of the small ¢ompanles' exemptlon In preparing the report above. The trusteos declare that they have approved the trustees. report Ilncludlng dlrectors. reportl above. Signed on behalf of the charity's trusteesldirectors.. Signatures Full names Andrew Garard Carole Mehigan Posltlon Chair and Co-founder Safeguarding Officer Date 17- loZ(4. 16 Appendix 1.. SMBP'S Statement of Purpose, Objectives and Valuos Statement of Purpose, Objectives and Values Purpose SMBP'S pufpose is as set out in ils Conslitulion.. "The Objects of the CIO are lo advance the education of young people from low income backgrounds in particular bul not exclusively by.. 11) providing and facililaling opportunities for them lo obtain work experience with organisalions working in or with the professions of law and a¢counlan¢y, and such other professions and fields as the Trusleos in their absolute discretion see lil., and (21 advising and assisting them lo achieve the necessary qualifications and to enter and progress in careers in such professions and fields. Objgctlves SMBP is dedi¢aled lo broadening access lo businesses. by PToviding students from low income backgrounds access lo work insight with multiple employers, resilience training and lifetime career mentoring. The SMBP Delivery model has been developed to encourage collaboration not competition belween organisalions across the woild of business and the wider third sector by providing the operational backbone for joint delivery of work experience and ongoin9 career support. SM8P's objectives can be summarised as follows.. 111 break down psy¢hologi¢al 'lilling in. barriers students may experience when entering the world of business by providing them with an opportunity lo experience different working environments and meet the professionals within them., 121 develop students, commercial awareness and skills in the following aieas.. communication, teamwork & leadership. crealivily & problem solving, resilience & goal planning., 13} arm students with multiple corporate brand names lo create sland out Personal Slalemenls and Cvs,. 14} provide engaging business game and fwussed work insight experiences to cfeale anecdotes lo enable students to confidently answer competency questions asked during university and job inletviews,. and {51 assist studen18 with each slep of their careerjourney through online career mentoring on Personal SlalemenVCV ¢realion. ¢omplelion of application forms and interview preparation. Values SMBP aligns ils values lo the Charity Governance Code. This is a'best practice. Code sel up by the Charity Governance Code Steering Group,. a voluntary, cross charity sector collaboration. The Charity Commission acts as an observer lo this group. 17 SMBP'S values are as follows.. 11) SMBP'S Iruslees are clear about SMBP'S aims and ensure that these are being delivered effectively and sustainably. They provide strategic leadorship in line with SMBP'S aims and values. 12} The Iruslees act with integrily. adopting value8 and creating a culture that helps achieve SMBP'S chaiilable purposes. The board of Iruslees is aware of the importance of the public's confidence and trust in ¢h8rilies and Iiuslees undertake their duties accordingty- (31 The trustees make suie that their decision-making processes are informed, vigorous and timely. (41 The Iiustees work as an effective team, using the appropriate balance of skills, experience, background and knowledge lo lake informed decisions. 151 The Iruslees, approach lo diversity supports SMBP'S effectiveness, leadership and decision- making. 16} The Iruslees lead SMBP in being llansparenl and a¢counlable. SMBP is open in ils work. unless there is good reason for il not lo be. 18 |Social MobilityBusiness Partnership|Social MobilityBusiness Partnership|Social MobilityBusiness Partnership|1174309||| |---|---|---|---|---|---| |Annual accounts for theperiod|||||| |Period start date|**1/1/2023**|**To**|**12/31/2023**||| ## **Section A Statement of financial activities** |Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
**_Total_**
S12
S13
Net gains/(losses) on investments
S14
**Net income/(expenditure)**
S15
**Extraordinary items**
S16
**Transfers between funds**
S17
Gains and losses on revaluation of fixed assets for the charity’s own use
S18
Other gains/(losses)
S19
**_Net movement in funds_**
S20
**_Reconciliation of funds:_**
Total funds brought forward
S21
**_Total funds carried forward_**
S22
1
**Recommended categories by**
**activity**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**| |---|---|---|---|---|---| ||239,802|7,680|-|247,482|218,605| ||28,601|-|-|28,601|8,762| ||-|-|-|-|-| ||-|-||-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||268,404|7,680|-|276,084|227,367| ||||||| ||4,078|-|-|4,078|4,284| ||261,850|7,680|-|269,530|222,327| |||-|-|-|5,328| ||-|-|-|-|-| ||265,928|7,680|-|273,608|231,939| ||||||| ||2,476|-|-|2,476|- 4,572| ||-|-|-|-|-| ||2,476|-|-|2,476|- 4,572| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||2,476|-|-|2,476|- 4,572| ||||||| ||198,580||-|198,580|203,152| ||201,056|-|-|201,056|198,580| ||||||| CC17a (Excel) 10/17/2024 1 ## **Section B Balance sheet** |Guidance Notes
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21
**Creditors: amounts falling due within**
**one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21
**Creditors: amounts falling due within**
**one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**
Signed by one or two trustees on behalf of all
the trustees|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**£**
**£**
**£**
F01
F02
F03
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**£**
F04
**Total this**
**year**|**£**
F05
**Total last**
**year**|**£**
F05
**Total last**
**year**| |---|---|---|---|---|---|---|---| |||-|-|-|-||-| |||-|-|-|-||-| |||-|-|-|-||-| |||-|-|-|-||| |||-|-|-|-||-| ||||||||| |||-|-|-|-||-| |||-|-|-|-||-| |||-|-|-|-||-| |||208,783|15,000|-|223,783||218,497| |||208,783|15,000|-|223,783||218,497| ||||||||| |||7,727|15,000|-|22,727||19,917| ||||||||| |||201,056|-|-|201,056||198,580| ||||||||| |||201,056|-|**-**|201,056||198,580| ||||||||| |||-|-|-|-||-| |||-|-|-|-||-| ||||||||| |||201,056|-|-|201,056||198,580| ||||||||| |||-|-|-|-||-| ||||-|-|-||-| |||201,056|-|-|201,056||198,580| ||||||-||| |||201,056|-|-|201,056||198,580| ||||||||| |||Signature||Print|Name||Date of
approval
dd/mm/yyyy| ||||||||| ||||||||| CC17a (Excel) 10/17/2024 2 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: - the Statement of Recommended Practice: Accounting and Reporting by Charities - • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 - • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* - -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support _**Funding secured for the 2023 scheme. Partner organisations**_ the conclusion that the charity is a going _**still on board. Volunteers and employees in place to continue**_ concern; _**charitable activities.**_ Disclosure of any uncertainties that make the _**Not Applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not Applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. |Yes*
No*
**_Please disclose_**|ü|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||ü||| ||**_:_**||| |**_(i) the nature of_**|**_the chang_**|**_e in accounting policy;_**|**_Not Applicable_**| |**_(ii) the reasons_**
**_provides more r_**
**_and_**|**_why apply_**
**_eliable an_**|**_ing the new accounting policy_**
**_d more relevant information;_**|**_Not Applicable_**| |**_(iii) the amount_**
**_the current peri_**
**_aggregate amou_**
**_before those pr_**|**_of the adj_**
**_od, each p_**
**_nt of the_**
**_esented, 3_**|**_ustment for each line affected in_**
**_rior period presented and the_**
**_adjustment relating to periods_**
**_.44 FRS 102 SORP._**|**_Not Applicable_**| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). |Yes*
No*|ü|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||ü||| |**_Please disclose_**|**_:_**||| |**_(i) the nature of_**|**_any chan_**|**_ges;_**|**_Not Applicable_**| |**_(ii) the effect of_**
**_assets and liabi_**|**_the chang_**
**_lities for t_**|**_e on income and expense or_**
**_he current period; and_**|**_Not Applicable_**| |**_(iii) where pract_**
**_more future per_**|**_icable, th_**
**_iods._**|**_e effect of the change in one or_**|**_Not Applicable_**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |No material prior|year error|have been identified in the reporting period (3.47 FRS 102 SORP).| |---|---|---| |Yes*
No*|ü|* -Tick as appropriate| ||ü|| ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the prior period error;_**|**_Not Applicable_**| |**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**_Not Applicable_**| |**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**_Not Applicable_**| CC17a (Excel) 10/17/2024 3 ## **Section C Notes to the accounts** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change No Change in accounting policy in accounting policy** _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_ **Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **End of period£ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated** CC17a (Excel) 10/17/2024 4 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
· the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. |**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.2.
**Intangible fixed assets**
They are valued at cost.
**Heritage assets**
They are valued at cost.
**Investments**
p p g g y
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.|ü|ü|ü| |---|---|---|---| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| k i i l d l f bl l h i lik l h |Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
**Debtors**
**Current asset investments**
They are valued at fair value except where they qualify as basic financial instruments.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.||ü|ü|ü| |---|---|---|---|---| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Other:**
**TOTAL INCOM**
**Other informati**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Donations andgifts|236,052|7,680|-|243,732|214,855| ||Gift Aid|3,750|-|-|3,750|3,750| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|| ||**Total**|239,802|7,680|-|247,482|218,605| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Fundraising event(s)
|28,601|-|-|28,601|8,762| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|28,601|-|-|28,601|8,762| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
property rights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| ||**E**
**on:**|||||| |||268,404|7,680|-|276,084|227,367| |||||||| |**All income in the prior year was unrestricted except for: (please**
**provide description and amounts)**||
£7,680 in donations which were specifically to fund student
travel||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||Not Applicable||||| |||||||| |**Within the income items above the following items are material:**
**(please disclose the nature, amount and any prior year**
**amounts)**||All lines are material
||||| CC17a (Excel) 10/17/2024 8 **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of receipts of government grants** |**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants that_**
**_have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**Description**
**This year**
**Last year**
**£**
**£**|**Description**
**This year**
**Last year**
**£**
**£**|**Description**
**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Not Applicable,nogrants received|-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Not Applicable,nogrants received
||| ||||| ||Not Applicable,nogrants received||| CC17a (Excel) 10/17/2024 9 CC17a (Excell io 1011712024 **Section C Notes to the accounts (cont)** ## **Note 5 Donated goods, facilities and services** |**Seconded staff**
**Use of property**
**Other**||**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| ||||| |**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|We do not attribute a value to time that unpaid
volunteers contibute to the charity, thus it is not
recognised in the accounts. Nor is the use ofproperty.||| |**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||| ||||| ||||| ||||| CC17a (Excel) 10/17/2024 11 CC17a (Excell 12 1011712024 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Other**
**Expenditure on**
**raising funds:**
**Expenditure on**
**charitable**
**activities**
**Separate material**
**item of expense**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Incurred seeking donations|4,078|-|-|4,078|4,284| ||Incurred seeking legacies|-|-|-|-|-| ||Incurred seeking grants|||||| ||Operating membership schemes and
social lotteries|||||| ||Staging fundraising events|||||| ||Fudraising agents|||||| ||Operating charity shops|||||| ||Operating a trading company
undertaking non-charitable trading
activity|||||| ||Advertising, marketing, direct mail and
publicity|-|-|-|-|-| ||Start up costs incurred in generating
new source of future income|-|-|-|-|-| ||Database development costs|-|-|-|-|-| ||Other trading activities|||||| ||Investment management costs:|-|-|-|-|| ||Portfolio management costs|-|-|-|-|-| ||Cost of obtaining investment advice|-|-|-|-|-| ||Investment administration costs|-|-|-|-|-| ||Intellectual property licencing costs|-|-|-|-|-| ||Rent collection, property repairs and
maintenance charges|-|-|-|-|-| |||-|-|-|-|-| ||**Total expenditure on raising funds**|4,078|-|-|4,078|4,284| |||||||| ||Staff Costs|170,513|-|-|170,513|151,081| ||Student Travel and Catering|17,200|7,680|-|24,880|14,558| ||Website Costs|21,297|-|-|21,297|14,618| ||Materials|-|-|-|-|-| ||Admin costs|43,207|-|-|43,207|37,208| ||Resiliance Day costs|9,633|-|-|9,633|4,862| ||**Total expenditure on charitable**
**activities**|261,850|7,680|-|269,530|222,327| |||||||| ||Chicago Pilot costs
||-|-|-|5,328| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|5,328| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| CC17a (Excel) 10/17/2024 13 |**Total other expenditure**
**TOTAL EXPENDITURE**||-|-|-|-|-| |---|---|---|---|---|---|---| |||-|-|-|-|-| ||**Total other expenditure**|-|-|-|-|-| |||||||| |||265,929|7,680|-|273,608|231,939| ## **Other information:** ## **Analysis of expenditure on charitable activities** |**Activity or**
**programme**|**Activities undertaken directly**|**Activities undertaken directly**|**Grant**
**funding of**
**activities**|
**Support**
**Costs**|**Total this**
**year**|**_Total prior_**
**_year_**| |---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**| |Activity 1
Activity2||||||| |||||||| |Other||||||| |**Total**||||||| |||||||| |**Prior year expenditure on charitable activities**
**can be analysed as follows:**||Not Applicable||||| |||||||| |**Within the expenditure items above the**
**following items are material: (please disclose**
**the nature, amount and any prior year**
**amounts)**||All items are material||||| CC17a (Excel) 10/17/2024 14 ## **Section C Notes to the accounts (cont)** ## **Note 7 Extraordinary items** ## _**Please explain the nature of each extraordinary item occurring in the period.**_ |**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extrordinary item**|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Chicao Pilot flights and accomodation in prior year|-|5,328| ||||| |||-|-| |||-|-| |||-|-| ||||| |||-|-| ||**s**|-|5,328| CC17a (Excel) 10/17/2024 15 ## **Section C Notes to the accounts** ## **Note 8 Funds received as agent** _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_ |||**Amount received**|**Amount received**|**Amountpaid out**|**Amountpaid out**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---|---|---|---|---|---| |**Description/name of party**|**Related**
**party (Yes or**
**No)**|**Thisyear**
|**Lastyear**|**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**| |||**£**|**£**|**£**|**£**|**£**|**£**| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |**Total**||-|-|-|-|-|-| _**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_ |**Description/name of party**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---| ||**Thisyear**|**Lastyear**| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |**Total**|-|-| CC17a (Excel) 10/17/2024 16 ## **Section C Notes to the accounts** ## **Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**Support cost**
**(examples)**|**Raising funds**
**£**|**Activity 1**
**£**|**Activity 2**
**£**|**Activity 3**
**£**|**Grand total**
**£**|**Basis of**
**allocation**| |---|---|---|---|---|---|---| |||||||**(Describe**
**method)**| |Governance|-|-||-|-|| ||-|-||-|-|| ||-|-||-|-|| ||-|-||-|-|| |Other|-|-||-|-|| |**Total**|-|-||-|-|| _**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_ CC17a (Excel) 10/17/2024 17 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ **Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner** |**This year**
**£**|**Last year**
**£**| |---|---| |0|0| |0|0| |0|0| |0|0| CC17a (Excel) 10/17/2024 18 **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** ## _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** |**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||155,061|137,759| ||11,587|10,314| ||3,865|3,008| ||-|-| ||170,513|151,081| **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** Not Applicable _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **1** |**Band**|**Number of employees**| |---|---| |**£60,000 to £69,999**|0| |**£70,000 to £79,999**|1| |**£80,000 to £89,999**|0| |**£90,000 to £99,999**|0| |**£100,000 to £109,999**|0| ||| ||| ||| **Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity** The Scheme Director was paid £72,726 via payroll. £28,800 was paid to the CEO & Founder on a consultant basis. ## **11.2 Average head count in the year** **The parts of the charity in which the employees work** ||**This year**
**Number**|**Last year**
**Number**| |---|---|---| |**Fundraising**|-|-| |**Charitable Activities**|4|4| |**Governance**|-|-| |**Other**|-|-| |**Total**|4|4| CC17a (Excel) 10/17/2024 19 ## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **Please state the legal authority or reason for making the payment** **Please state the amount of the payment (or value of any waiver of a right to an asset)** ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ **Total amount of payment** **The nature of the payment (cash, asset etc.)** **The extent of redundancy funding at the balance sheet date** **Please state the accounting policy for any redundancy or termination payments** CC17a (Excel) 10/17/2024 20 ## **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ |**Amount of contributions recognised in**
**the SOFA as an expense**
**Please explain the basis for allocating**
**the liability and expense of defined**
**contribution pension scheme between**
**activities and between restricted and**
**unrestricted funds.**|**3865.5**| |---|---| ||**Auto-Enrollment Employee and Employer pension contributions**
**are deducted through payroll. The Employer pension deductions**
**only are shown as an expense in the SOFA, with the**
**correcsponding entry as a liability on the balance sheet. The**
**balance sheet liability is drawn down in the following month when**
**the contributions are paid to our pension provider Smart Pension.**| ## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_ **Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity** _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_ **Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan** CC17a (Excel) 10/17/2024 21 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to**
**individuals**|**Support costs**|**Total**| |---|---|---|---|---| |Activityorproject 1|||**£**|**£**| |Activityorproject 2|||-|-| |Activityorproject 3|||-|-| |Activityorproject 4|||-|-| |**_Total_**|**-**|**-**|**-**|**-**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions** |**13.2 Grants made to institutions**|**13.2 Grants made to institutions**||| |---|---|---|---| |**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**||**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| |**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**
**_TOTAL GRANTS PAID_**|||**-**| ||||-| ||||-| CC17a (Excel) 10/17/2024 22 ## **Section C Notes to the accounts (cont)** **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ ## **14.1 Cost or valuation** |**14.1 Cost or valuation**|**n**|||||| |---|---|---|---|---|---|---| |**£**
**£**
- -
Additions
- -
Revaluations
- -
Disposals
- -
Transfers *
- -
At end of the year
- -
**14.2 Depreciation and impairments**
****Basis**
SL or RB
SL or RB
**** Rate**
- -
Disposals
- -
Depreciation
- -
Impairment
- -
Transfers*
- -
At end of the year
- -
**14.3 Net book value**
- -
- -
**14.4 Impairment**
**Freehold land**
**& buildings**
**Other land &**
**buildings**
At the beginning of the
year
At beginning of the
year
Net book value at the
beginning of the year
Net book value at the
end of the year
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or_**
**_reversal of an impairment loss._**|**£**
**Freehold land**
**& buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant,**
**machinery and**
**motor vehicles**|**£**

**Fixtures,**
**fittings and**
**equipment**|**Total**
**£**|| ||-
|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||**d impairments**|||||| ||SL or RB|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")| |||||||| ||||- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -|||| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| |||||||| ||-|-|-|-|-|| ||-|-|-|-|-|| |||||||| **14.5 Revaluation** _**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation**_ _**the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.**_ ## **14.6 Other disclosures** _**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.**_ _**(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.**_ - _The "transfers" row is for movements between fixed asset categories._ - _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight_ CC17a (Excel) 10/17/2024 23 ## **Section C Notes to the accounts** ## **Note 15 Intangible assets** ## _**Please complete this note if the charity has any intangible assets**_ ## **15.1 Cost or valuation** |Additions
Disposals
Revaluations
Transfers *
At end of the year
At beginning of the
year|**£**
**Research &**
**development**|**£**
**Patents and**
**trademarks**|**Other**
**£**|**Total**
**£**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **15.2 Amortisation and impairments** |****Basis**
**** Rate**
Disposals
Amortisation
Impairment
Transfers*
At end of year
**15.3 Net book value**
At beginning of the
year
Nat book value at the
beginning of the year
Net book value at the
end of the year|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")| |---|---|---|---|---|---| ||||||| ||- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -||||| ||-|-|-|-|| ||-|-|-|-|| ## **15.4 Accounting policy** _**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates**_ CC17a (Excel) 10/17/2024 24 _**Policies for the recognition of any capital development**_ ## **15.5 Impairment** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **15.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation**_ _**the name of independent valuer, if applicable**_ _**the methods applied**_ _**the carrying amount that would have been recognised had the assets been carried under the cost model.**_ ## **15.7 Other disclosures** _**(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset.**_ _**(ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities.**_ _**(iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.**_ _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction_ CC17a (Excel) 10/17/2024 25 ## **Section C Notes to the accounts (cont)** **Note 16 Heritage assets** _**Please complete this note if the charity has heritage assets**_ ## **16.1 General disclosures for all charities holding heritage assets** **(i) Explain the nature and scale of heritage assets held.** **(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.** ## **16.2 Cost or valuation** |At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year
**16.3 Depreciation and impairments**
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year
**16.4 Net book value**
Net book value at the end of the year
Nat book value at the beginning of the
year|**£**
**Heritage asset**
**1**|**£**

**Heritage asset**
**2**|**£**

**Heritage asset**
**3**|**£**

**Heritage asset**
**4**|**Total**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| |||||||Straight Line
("SL") or
Reducing
Balance
~~(~~"~~RB~~"~~)~~| |||||||| ||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|||||| ||-|-|-|-|-|| ||-|-|-|-|-|| ## **16.5 Impairment** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **16.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation**_ _**the name of independent valuer, if applicable**_ _**qualifications of independent valuer**_ _**the methods applied and significant assumptions**_ CC17a (Excel) 10/17/2024 26 _**any significant limitations on the valuation**_ ## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation** |Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period
Carrying amount at the beginning of the
period|**£**
**At valuation**
**Group A**|**£**
**At cost Group**
**B**|**Total**
**£**| |---|---|---|---| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)** **(i) Explain the reason why heritage assets have not been recognised on the balance sheet.** **(ii) Describe the significance and nature of heritage assets.** **(iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.** ## **16.9 Five year summary of heritage assets transactions** ||**2015**|**2014**|**2013**|**2012**|**2011**| |---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**| |**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-||||| ||-||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| CC17a (Excel) 10/17/2024 27 ## **Section C Notes to the accounts (cont)** ## **Note 17 Investment assets** _**Please complete this note if the charity has any investment assets.**_ **17.1 Fixed assets investments (please provide for each class of investment)** |**Less: impairments**
**Add: Reversal of impairments**
Carrying (fair) value at end of year
Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation|**Cash & cash**
**equivalents**|
**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ***Please specify additions resulting from acquisitions through business combinations, if any.** _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.** |**Analysis of investments**
**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Social investments**
**Total**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**|||| |---|---|---|---| ||**Fair value at year end**|**Cost less impairment**|| ||**£**|**£**|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||||| ## **17.3 If your charity holds investment properties, please complete the following note:** **(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity** **(ii) Name or independent valuer, if applicable, and relevant qualifications** **(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds** **(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements** CC17a (Excel) 10/17/2024 28 ## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Social investments**
**Total**
**17.5 Guarantees**
**17.6 Concessionary loans**
**Amounts payable within 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Amounts receivable after more than 1 year**
**Analysis of current asset**
**investments**
**Other investments**
**Please provide details and amount of any**
**guarantee made to or on behalf of a third party**
**Name of the entity or entities benefitting from**
**those guarantees**
**Please explain how the guarantee furthers the**
**charity's aims**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_).**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**||**This year**|**Last year**|**Last year**|**Last year**| |---|---|---|---|---|---| |||**£**|**£**||| |||-|-||| |||-|-||| |||-|-||| |||-|-||| |||-|-||| |||-|-||| ||||||| ||||||| ||||||| ||||||| |||**_Description_**||**This year £**|**Last year £**| ||||||| ||||||| ||||||| ||||||| ||**_Total_**||||| ||||||| |||**_Description_**||**This year £**|**Last year £**| ||||||| ||||||| ||||||| ||**_Total_**||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ## **17.7 Additional information** **Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.** **Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.** CC17a (Excel) 10/17/2024 29 ## **Section C Notes to the accounts (cont)** ## **Note 18 Stocks** ## _**Please complete this note if the charity holds any stock items**_ **18.1 Please state the carrying amount of stock and work in progress analysed between activities.** |**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**Stock**|**Stock**|**Donated goods**|**Donated goods**|**Work in**
**progress**| |---|---|---|---|---|---| ||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**|| ||**£**|**£**|**£**|**£**|**£**| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||-|-|-|-|-| ||-|-|-|-|-| **18.2 Please specify the carrying amount of any stocks pledged as security for liabilities** CC17a (Excel) 10/17/2024 30 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Note 19 Debtors and prepayments**
**_Please complete this note if the charity has any_**
**_debtors or prepayments._**||| |---|---|---| |**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||-|-| ||-|-| **Total** ## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| CC17a (Excel) 10/17/2024 31 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**20.1 Analysis of creditors**||||| |---|---|---|---|---| |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**
**Payments received on account for contracts or**
**performance-related grants**|**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||15,000|15,000|-|-| ||6,549|4,205|-|-| ||1,177|712|-|-| ||22,726|19,917|-|-| ## **20.2 Deferred income** _**Please complete this note if the charity has deferred income.**_ ## _**Please explain the reasons why income is deferred.**_ _**The £15,000 in deferred income relates to a donation made specically towards the 2024 shceme. This income will be recognised in the 2024 SOFA as income.**_ |**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||15,000|-| ||15,000|15,000| ||- 15,000|-| ||15,000|15,000| CC17a (Excel) 10/17/2024 32 ## **Section C Notes to the accounts (cont)** ## **Note 21 Provisions for liabilities and charges** _**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_ ## **21.1 Please provide:** **- a brief description of any obligations on the balance** _**No provisions for liabilities**_ **sheet and the expected amount and timing of resulting payments;** **- an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.** ## **21.2 Movements in recognised provisions and funding commitment during the period** |**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts charged against the provision in the current period**
**Unused amounts reversed during the period**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| **21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).** **21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.** CC17a (Excel) 10/17/2024 33 ## **Section C Notes to the accounts (cont)** **Note 22 Other disclosures for debtors, creditors and other basic financial instruments** **22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.** CC17a (Excel) 10/17/2024 34 ## **Section C Notes to the accounts (cont)** ## **Note 23 Contingent liabilities and contingent assets** ## **23.1 Contingent liabilities** **Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.** |**Description of item including its legal nature. Please**
**describe any security provided in connection to the**
**liability.**|**Estimate of financial effect**| |---|---| ||| ||| ||| ||| ## **23.2 Contingent assets** **Where the charity has contingent assets, please complete the following section when their existence is probable** **Description of item Estimate of financial effect** ## **23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:** **Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement** **Where it is not practical to make one or more of these disclosures, please state this fact** CC17a (Excel) 10/17/2024 35 ## **Section C Notes to the accounts (cont)** |**Note 24 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**||| |---|---|---| ||**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||223,783|218,497| ||-|-| ||223,783|218,497| CC17a (Excel) 10/17/2024 36 ## **Section C Notes to the accounts (cont)** ## **Note 25 Fair value of assets and liabilities** **25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.** No credit risk, as no debtor at year end. No exposure to market risk, as the charity does not hold any investments. Liquidity risk extremely low. Cash in bank at end of year is close to s full year's expenses. **25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.** CC17a (Excel) 10/17/2024 37 **Section C Notes to the accounts (cont)** ## **Note 26 Events after the end of the reporting period** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_ **Please provide details of the nature of the event** **Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made** CC17a (Excel) 10/17/2024 38 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |
**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**£**
**Fund**
**balances**
**brought**
**forward**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund**
**balances**
**carried**
**forward**| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||-|-|-|-|-|-| CC17a (Excel) 10/17/2024 39 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**£**
**Fund**
**balances**
**brought**
**forward**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund**
**balances**
**carried**
**forward**| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||-|-|-|-|-|-| CC17a (Excel) 10/17/2024 40 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds** ||**Reason for transfer and where endowment is converted to income,**
**legal power for its conversion**|**Amount**| |---|---|---| |Between unrestricted and
restricted funds||| |Between endowment and
restricted funds||| |Between endowment and
unrestricted funds||| |||| ## **27.4 Designated funds** **Planned use Purpose of the designation Amount** CC17a (Excel) 10/17/2024 41 **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **----- Start of picture text -----**
1
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**Thisyear**||||**Lastyear**| |||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**| |||**£**|**£**||**£**|**£**| |||||||| |||||||| |||||||| |||||||| _**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **No trustee expenses have been incurred (True or False)** |**Type of expenses reimbursed**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| |**Travel**||| |**Subsistence**||| |**Accommodation**||| |**Other (please specify):**||| |||| |**TOTAL**||| **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity** ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ **There have been no related party transactions in the reporting period (True or False)** |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|
**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |||||||| CC17a (Excel) 10/17/2024 42 _**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.**_ CC17a (Excel) 10/17/2024 43 **Section C Notes to the accounts (cont)** ## **Note 29 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** CC17a (Excel) 10/17/2024 44 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees** Charity Name Social Mobility Business Partnership **On accounts for the year** 31st December 2023 **Charity no** 1174309 **ended (if any) Set out on pages** Sections A & B (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and 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. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. 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 accounts to be reached. * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**|||||4 October, 2024|| |---|---|---|---|---|---|---| |||||||| |||Andrew Boucher||||| |||||||| ||ACA|||||| **Oct 2018** **IER** 1 ## **(if any):** **Address:** 15 Dealtry Road Putney ~~London SW15 6NL~~ ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . No issues noted. **Oct 2018** **IER** 2