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Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for Raise Your Hands
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Green Accountancy Limited Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
COMPANIES HOUSE REGISTRATION NUMBER: CE011465
REGISTERED CHARITY NUMBER: 1174956
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 11 |
| Independent Examiner's Report | 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| Statement of Cash Flows | 15 |
| Notes to the Financial Statements | 16 to 22 |
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Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Raise Your Hands CIO is a Charitable Incorporated Organisation whose only Members are the Trustees. The objectives of the charity and the powers of the Trustees are set out in the Constitution.
The trustees are responsible for keeping proper accounting records which disclose the financial position of the charity with reasonable accuracy at any time and enable them to ensure that the accounts comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Charity Objects
Raise Your Hands runs innovative activities in order to support small charities working with children and young people in the UK.
The object of the CIO is the promotion of the efficiency and effectiveness of small charities for the public benefit, primarily but not limited to charities benefiting and working with young people, by means of providing grants and other support and advice.
Trustee recruitment
The board conducts regular skills audits of its members and uses this information to create a role description and person specification for any new trustees. In 2024 this will be circulated amongst Raise Your Hands donors, supporters, charities and other networks with a view to recruiting 1-3 new trustees.
Potential trustees will be asked to submit a simple application statement and meet with the Director and Chair of Trustees before attending one meeting as an observer.
If both the board and individual agree to proceed a resolution is passed and new trustees have further meetings with the Director and staff at Raise Your Hands.
Induction and training of trustees
Before starting in the role new trustees are given an induction pack which includes:
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Charity Commission ‘Essential Trustee’ document
-
Raise Your Hands Constitution (our governing document)
-
Strategic Plan and Theory of Change
-
Most recent set of accounts
-
Grant-making and Reserves Policy
-
Risk Register
All new trustees complete a ‘fit and proper person’ form and a conflict-of-interest declaration. The latter is reviewed annually.
New trustees meet all key staff individually to learn more about the workings of the organisation.
Page 1
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Trustees are regularly offered opportunities to visit the charities we support, take part in relevant training and meet with operational staff.
Risk management
The board and executive collaborate to develop a risk register for the organisation that identifies the key risks to the organisation and future/ongoing actions that mitigate against those risks.
Trustees checks in on progress against those mitigation actions at every meeting and review the risk register annually (both risks listed and the ratings of those risks).
Renumeration
The board conduct a formal salary review annually. RYH will run a salary review every year but this doesn't equate to a salary increase every time. Salary reviews take place at the same time as budget approval for the following year.
Trustees are asked to consider the current salaries for the existing team, and the individuals within it making a recommendation for whether each salary should increase and by how many percentage points.
Trustees consider the following when making this decision:
-
Changes made the previous year
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Current financial health of the organisation
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Norms within the charity sector
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Inflation rates at the time
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Impact of external events (previous examples include the C19 pandemic and cost-of-living crisis)
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Any shifts in workloads and responsibilities
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its Constitution (amended October 2020) and constitutes a Charitable Incorporated Organisation (CIO).
Registered CIO number
CE011465 (England and Wales)
Registered Charity number
1174956
Registered office
c/o Bowmer & Kirkland 21 Conduit Street London W1S 2XP
Trustees
Hannah Baker Nicolas Burlington Federica Cucè Buehlmann Christopher Kirkland Adam Lawrenson
Independent Examiner
David Wilsdon FCCA Association of Chartered Certified Accountants Green Accountancy Limited Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
30/10/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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.................................................. Mr C Kirkland – Chair of Trustees
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OBJECTIVES AND ACTIVITIES
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At Raise Your Hands we believe that, in order for children and young people to thrive, they need the support of small charities.
We have built a platform of 14 of the UK’s most impactful small charities working in this space.
We aim to:
-
amplify the impact these charities are able to have on each child
-
make small charity support available to more children
We do this by sourcing new donors for the charities and providing bespoke, innovative donor stewardship methods on their behalf.
We innovate in the philanthropic space, introducing exceptional small charities that have a proven impact on young lives to companies/people who want a different experience of giving and confidence that their funds will be well spent.
F or exceptional small charities F or companies and people
We unlock income streams that would not normally be within reach for charities of this size.
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We introduce a portfolio of organisations they wouldn’t easily find otherwise. We offer them cutting-edge experiences that defy their expectations.
To be added to our platform, charities must meet the following criteria:
-
Turnover of less than £1.5m
-
Operate in the UK
-
Work primarily with children and young people
-
Have evidenced the need for their work
-
Can effectively demonstrate the impact they have
-
Led by capable, committed leaders who have a strategic mindset
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Have robust systems and governance
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OBJECTIVES AND ACTIVITIES (cont)
We supported the following charities in 2023.
Action for Conservation
Empowering young people to become the next generation of environmental leaders.
Become
Helping children in care and young care leavers to believe in themselves, and to help them heal and grow.
CHIVA – Children’s HIV Association
Improving health and social outcomes for children and young people living with HIV.
Create Arts
Arts programmes for the most marginalised in areas where engagement in the arts is low.
Dandelion Time
Using the therapeutic potential of the natural world to help traumatised children on a farm in Kent.
Empire Fighting Chance
Inspiring young people to realise their potential through combining non-contact boxing with intensive personal support.
Kidscape
Giving young people, parents and professionals the tools and confidence to challenge bullying in all forms.
Jessie May
Providing specialist nursing care for terminally ill children in their own homes.
Little Village
A baby bank that provides clothing, toys and a community of support for families in poverty.
Mousetrap Theatre Projects (now rebranded as Go Live Theatre Projects)
Enriching the lives of disabled and disadvantaged children through theatre.
Storybook Dads
Making sure that children don’t pay the price for their parent’s imprisonment by recording bedtime stories from behind bars.
Switchback
Supporting young prison-leavers to make real, lasting change through intensive one-to-one support and real-work training.
Wave Project
Providing award-winning surf therapy and beach school projects for young people who have a mental health issue, learning difficulty or physical disability.
Movement on the platform this year:
Graduating: Football Beyond Borders
FBB uses football as a catalyst for change in attitude, performance and aspirations of disengaged young people in our school system. Having outgrown our definition of small charity by having a turnover of more than £2m for two consecutive years, our final grant for Football Beyond Borders was given in July.
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OBJECTIVES AND ACTIVITIES (cont)
New addition: Literacy Pirates
Literacy Pirates develops the literacy, confidence and perseverance of children who are falling behind in class. To be selected onto our platform, charities go through a rigorous assessment process. We have developed our own comprehensive approach to due diligence; a detailed 20+ page report is produced for each charity following application forms, research and in person interviews. Literacy Pirates successfully went through this process and were given their first grant in December.
Where our charities work:
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----- Start of picture text -----
Where our charities work
20%
20% 60%
National London only A local area outside London
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Our support:
We are committed to a model that funds our charities in the following ways:
-
predictable so they can plan
-
unrestricted so they can be agile in how they allocate resources
-
ongoing in perpetuity so they don’t have to spend valuable time reapplying
As well as grant making, Raise Your Hands supports small charities through brokering meaningful volunteering, gifts in kind and direct donations.
We also campaign by delivering three key messages to our audiences:
-
Represent unsung heroes - redirecting support towards where it will maximise impact
-
Reform the sector - increasing the efficiency of how grant funding operates
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Bump the dial - increasing the slice of the pie going towards philanthropy
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OBJECTIVES AND ACTIVITIES (cont)
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We connect companies and people to our charity platform through three activities:
1. Dot Impact
Companies taking part in Dot Impact donate to the RYH charity platform. We then bring their charitable giving to life with robust data and engaging storytelling; helping to build a social cause within the company and beyond. We also work together to design a programme of events and volunteering to get staff engaged more directly. In 2023 all of our existing Dot Impact companies renewed their support and increased the size of their donations.
2. Innovative Events
Our leading source of income in the past has been our flagship event, Midnight Madness - an overnight corporate team challenge that involves escape room style puzzles, immersive theatre and access to extraordinary sites across London. In 2023 we saw Midnight Madness raise the highest ever amount per team.
3. Direct donations
Companies and people looking for a cause to donate to (or fundraise for) find us our marketing, word-of-mouth or optimised SEO. We provide them with the information, content and materials they need so they can be sure they are having a meaningful impact. Donations are usually split evenly across the platform charities. In 2023 the value of these donations increased by 4%.
These success and ongoing potential of these three streams have allowed us to review our strategic objectives and we plan to grow the number of charities on the platform and the size of the grants they receive in 2024.
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ACHIEVEMENTS AND PERFORMANCE
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The Trustees were delighted to be able increase baseline grants to £25,000 in 2023, (up from £20,000 in 2022 and £15,000 in 2021). Along with other donations, each charity received £31,000.
This year, Raise Your Hands received a total of £825,249 in donation income (2022: £885,967) which breaks down as follows:
Individuals
Support from individuals (both monthly and one-off) increased this year to a total of £61,340 (2022: £39,566)
Misc
£53,486 was generated from gift aid and donations from companies, schools and community groups (2022: £49,683)
Dot Impact
Due to the timing of donations, Dot Impact income dropped in 2023 from £124,847 (2022) to £63,034. This will be made up in 2024 when pledged donations will be banked. We are grateful to Marshall Wace, Lumyna Investments and MV Credit for donating through Dot Impact
Event income
Although fewer teams took part, Midnight Madness 2023 raised a Patrons similar amount to the The trustees would like to previous year. £568,093 extend special thanks to our (2022: £566,565) patrons whose generosity continued in 2023 with donations totalling £79,296
Patrons
OUR CHARITY PLATFORM’S PERFORMANCE
This report describes our own organisation’s progress. We have produced two separate documents that chart the progress of the charities we support:
-
RYH Charity Insights
-
RYH Impact Data Report
Both are available on request.
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PLANS FOR FUTURE PERIODS
We are working to improve the lives of 1m children and young people by 2030.
We see RYH as part of an ecosystem of people and organisations that help make this happen. The success of the part RYH plays within that will be shown by two indicators.
-
Increased baseline core grant size year-on-year
-
Increased number of charities on the platform
We donated £437,360 in 2023, we aim to raise this to £750,000 by 2026.
Our Strategic Plan (to Dec 2025) has the following three objectives:
ONE: Deliver more impact
Maximise the real-life value of the funding we generate by ensuring the funds are:
-
going to exceptional organisations
-
coming from new donors that the charities are not already accessing
-
given in a way that fills gaps left by dysfunctional grantmaking practice
-
come with genuine added value in terms of non-financial support
TWO: Ensure the longevity and reliability of our support for the platform
-
Additional income streams coming into RYH from the wider range of ‘products’ on offer
-
Midnight Madness represents smaller % of RYH income
THREE: Build a strong foundation for growth
-
Improve RYH brand awareness and increase audience size within our target sectors
Resourcing this plan will involve a minor restructure of existing roles, the recruitment of an additional staff member and more support from freelancers.
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FINANCIAL REVIEW
In 2023 the charity raised a total of £869,069 (2022: £885,967).
Further growth is planned over the next two years. Trustees are confident in their commitment to both increasing the number of charities on the platform and the baseline grant amount going to each one.
The trustees are pleased to have successfully rebuilt levels of reserves so as to be able to continue to make grants should there be a drop in future event income. In order to do this whilst also avoiding unduly holding onto assets, we have reviewed our grant making and reserves policy.
Charities on the platform can expect a minimum grant of £25,000 each year. We will keep one year’s worth at this level in reserves. In order to pass as much as possible on to the platform, we will increase the actual size of grants to above this level whenever possible. We aim to give grants of £30,000 in 2024.
We donated £437,360 to our charity platform this year, 151% of the 2022 amount (£287,900).
13 charities received £31,023 each from RYH in 2023. This was made up of 13 baseline grants of £25,893 and additional grants totalling £71,820 made using funds raised in two Christmas appeals (2022 and 2023, both granted within the financial year). There was also one single instalment grant of £13,393 (Literacy Pirates), one taper grant of £12,500 (Football Beyond Borders) and one Dot Impact additional grant of £3,038 (Wave Project).
The results for the period are shown in the statement of financial activities on page 11.
The fundraising expenses were £179,674 (2022: £148,538). The running costs for Raise Your Hands itself increased to include one new hire and absorb increased general cost; totalling £157,005 (2022: £108,377).
The result for the period ended 31 December 2023 was a surplus of £95,030, bringing unrestricted reserves to £420,414.
Reserves policy
In order to stand by their commitment to provide sustainable funding to the platform charities, the trustees will set aside one year’s worth of minimum core grants in reserves. This is set at £25,000 for each charity on on the platform.
Additionally, in order to safeguard the financial sustainability of the Charity, the Trustees have decided to allocate three months’ worth of staff-related operating costs to the reserves. These operating costs are currently made up of salaries and related HMRC and pension contributions.
We also aim to provide a buffer of £10,000 for direct debit payments and any other unforeseen costs.
Once reserves have been allocated, should the remaining unrestricted reserves fall below or go above the ideal amount by more than 15%, the Trustees will take steps to adjust predicted expenditure and/or income in order to bring reserves closer to the level stated in this policy.
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FINANCIAL REVIEW (cont)
2023 reserves position
| Ideal amount | Amount covered by restricted reserves |
Amount covered by restricted reserves |
Amount covered by unrestricted reserves |
||
|---|---|---|---|---|---|
| One year of minimum grants | 375,000 | 58,926 | 316,074 | ||
| Staff costs for three months | 34,180 | 34,180 | 0 | ||
| Buffer | 10,000 | 10,000 | 0 | ||
| TOTAL | 419,180 | 103,106 | 316,074 | ||
| Unrestricted total at year end 420,414 Unrestricted needed to cover ideal reserves 316,074 Surplus unrestricted 103,106 Surplus as % of ideal 25% |
|||||
| Unrestricted total at year end | 420,414 | ||||
| Unrestricted needed to cover ideal reserves | 316,074 | ||||
| Surplus unrestricted | 103,106 | ||||
| Surplus as % of ideal | 25% |
The trustees are taking action to reduce this surplus by increasing both the number of charities and the size of grants in 2024.
Brokered and in-kind donations
Not shown in the financial statements below is the support that Raise Your Hands has initiated from people and companies who, having engaged with us, chose to support charities on our platform. In 2023, this support was worth £45,508. Adding this to the amount granted (£437,360) we have generated a total of £482,868 for the platform.
This means that for every £1 spent on our running costs we have unlocked £3.07 for our charities (£2.78 direct grants, £0.29 in-kind/brokered support).
| Donor | Charity | Support | Amount |
|---|---|---|---|
| TBI Media | CHIVA | Pro bono podcast production for series amplifying the voices of young people livingwith HIV |
£20,000 |
| Employee of Dot Impact company |
Wave Project | Direct donation following volunteeringon RYH activity |
£8,180 |
| Marshall Wace | Dandelion Time, Become, Action for Conservation and Create |
Tablets and laptops for children to use to access education |
£6,427 |
| Marshall Wace & Lumyna |
Dandelion Time and Empire FightingChance |
School backpacks for children not equipped to start term |
£4,500 |
| Marshall Wace | CHIVA | Christmas gifts for young people living with HIV |
£2,310 |
| Monat Global | Little Village | Hair and beauty supplies for mothers living in poverty |
£1,941 |
| MV Credit | Go Live | Past-warranty laptops and headsets for charity staff |
£1,900 |
| Volker | Dandelion Time | Sponsorshipfor MayFair | £250 |
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTESS OF RAISE YOUR HANDS
Independent examiner's report to the trustees of Raise Your Hands ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
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David Wilsdon FCCA Green Accountancy Limited Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
30/10/2024
Date: .............................................
Page 12
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Note Incoming resources Donations 3.1 Trade activities (MM fees) 3.2 Other Income Total Income Resources expended Grants to charities 4.1 Raising funds 4.2 Charitable activities - support costs 4.3 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 372,496 - 1,320 373,816 - 103,400 3,840 107,240 266,576 (27,518) 239,058 181,356 420,414 |
Restricted funds £ 452,753 42,500 - 495,253 437,360 76,274 153,165 666,799 (171,546) 27,518 (144,028) 296,851 152,823 |
Total 2023 £ 825,249 42,500 1,320 869,069 437,360 179,674 157,005 774,039 95,030 - 95,030 478,207 573,237 |
Total 2022 £ 857,426 28,540 1 |
|---|---|---|---|---|
| 885,967 | ||||
| 289,289 148,538 106,988 |
||||
| 544,815 | ||||
| 341,152 - |
||||
| 341,152 137,055 |
||||
| 478,207 |
Page 13
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BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| 31 DECEMBER 2023 | Unrestricted | Restricted | Total | Total | |
| funds | funds | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 5 | 147,284 | 11,650 | 158,934 | 39,015 |
| Cash at bank and in hand | 6 | 369,838 | 142,842 | 512,680 | 463,111 |
| Total current assets | 517,122 | 154,492 | 671,614 | 502,126 | |
| Creditors: amounts falling due | |||||
| within one year | 7 | 96,706 | 1,671 | 98,377 | 23,919 |
| Net current assets/(liabilities) | 420,416 | 152,821 | 573,237 | 478,207 | |
| Total net assets | 420,416 | 152,821 | 573,237 | 478,207 | |
| Funds of the Charity | |||||
| Unrestricted funds | 8 | 420,414 | 420,414 | 181,356 | |
| Restricted income funds | 8 | 152,823 | 152,823 | 296,851 | |
| Total funds | 420,414 | 152,823 | 573,237 | 478,207 |
The financial statements were approved by the Board of Trustees and authorised for issue on:
30/10/2024
……………………………..
and were signed on its behalf by:
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............................................................................. Mr C Kirkland – Chair of Trustees
Page 14
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
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| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| below | |||
| Cash flows from operating activities | |||
| Net cash from operating activities | A | 49,569 | 340,924 |
| Total increase /(reduction) in cash in period | 49,569 | 340,924 | |
| Reconciliation of net cash flow to movement | in net debt | ||
| Total increase /(reduction) in cash in period | 49,569 | 340,924 | |
| Cash and cash equivalents brought forward | 463,111 | 122,187 | |
| Cash and cash equivalents carried forward | B | 512,680 | 463,111 |
| Notes to the Cash Flow Statement: | |||
| Note A:Reconciliation of net (outgoing)\incoming resources to net cash inflow from | operating | ||
| activities | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Net movement in funds | 95,030 | 341,152 | |
| (Increase) / decrease in Debtors | (119,919) | (22,026) | |
| (Decrease) / increase in Creditors | 74,458 | 21,798 | |
| Purchase of fixed assets | - | - | |
| Net cash from operating activities | 49,569 | 340,924 | |
| Note B:Analysis of changes in net funds | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Cash at bank | 512,680 | 463,111 |
Page 15
NOTES TO THE FINANCIAL STATEMETNS FOR THE YEAR ENDED 31 DECEMBER 2023
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1. Basis of preparing the financial statements
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:
-
Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',
-
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
-
and with the Charities Act 2011
The charity is a Charitable Incorporated Organisation and constitutes a public benefit entity as defined by FRS 102.
2. Accounting policies
Income
Income is included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources;
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are included in the SoFA when the general income recognition criteria are 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.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Page 16
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
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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.
Taxation
The charity registered as a charity on 3 October 2017 and since that date has been exempt from corporation tax on its charitable trading activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Liability recognition
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.
Debtors
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.
Page 17
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
3.1 Income from donationslegacies
| Unrestricted funds £ Dot Impact income - Event income 301,860 Gift Aid 26,871 Donations from individuals 30,000 Other donations 4,615 Donations from trusts 9,150 Total donations 372,496 3.2 Trade activities - Midnight Madness fees Unrestricted funds £ Midnight Madness fees - Total income from trade - 4.1 Grant making Unrestricted funds £ Action for Conservation - Become - Children’s HIV Assoc (CHIVA) - Create Arts - Dandelion Time - Empire Fighting Chance - Football Beyond Borders - Jessie May - Kidscape - Literacy Pirates - Little Village - Mousetrap Theatre Projects - Sport 4 Life - Storybook Dads - Switchback - Wave Project - Total grant costs - |
Restricted funds £ 63,034 266,233 9,558 110,636 3,292 - 452,753 Restricted funds £ 42,500 42,500 Restricted funds £ 31,023 31,023 31,023 31,023 31,023 31,023 17,630 31,023 31,023 13,393 31,023 31,023 - 31,023 31,023 34,061 437,360 |
Total 2023 £ 63,034 568,093 36,429 140,636 7,907 9,150 825,249 Total 2023 £ 42,500 42,500 Total 2023 £ 31,023 31,023 31,023 31,023 31,023 31,023 17,630 31,023 31,023 13,393 31,023 31,023 - 31,023 31,023 34,061 437,360 |
Total 2022 £ 124,847 538,025 38,180 144,901 11,473 - |
|---|---|---|---|
| 857,426 | |||
| Total 2022 £ 28,540 |
|||
| 28,540 | |||
| Total 2022 £ 21,700 10,000 21,870 21,700 21,700 20,000 21,700 10,000 21,700 - 22,700 21,919 9,200 21,700 21,700 21,700 |
|||
| 289,289 |
Page 18
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
4.2 Raising funds
| Corporate event costs Dot Impact costs Fundraising costs Midnight Madness costs Total expenditure on raising funds |
Unrestricted funds £ - - 103,400 - 103,400 |
Restricted funds £ - 12,314 - 63,960 76,274 |
Total 2023 £ - 12,314 103,400 63,960 179,674 |
Total 2022 £ - 12,705 67,311 68,522 |
|---|---|---|---|---|
| 148,538 |
4.3 Charitable activities - expenditure
Raise Your Hands runs innovative activities in order to support small charities working with children and young people in the UK.
| Charitable activities salary costs Governance costs Digital content costs Graphic design Insurance Website Payroll services Bank fees Office rent Other support costs Staff travel Interest Paid Consulting - development Total expenditure on charitable activities |
Unrestricted funds £ - - - - - - - 2,567 - 1,184 - 89 - 3,840 |
Restricted funds £ 122,458 7,023 1,384 966 1,061 6,151 1,096 164 2,749 1,436 1,067 - 7,610 153,165 |
Total 2023 £ 122,458 7,023 1,384 966 1,061 6,151 1,096 2,731 2,749 2,620 1,067 89 7,610 157,005 |
Total 2022 £ 90,358 5,155 2,829 180 961 808 713 2,219 1,277 1,295 1,193 - - |
|---|---|---|---|---|
| 106,988 |
Support costs
All support costs are allocated to the single charitable activity of the charity and are included above.
Page 19
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
| 4.4 Governance costs included above Accountancy Fees Independent Examiners Fee Total governance costs 4.5 Staff costs Salaries Employers National Insurance Pensions costs Total staff costs |
Unrestricted funds £ - - - Unrestricted funds £ - - - - |
Restricted funds £ 6,352 671 7,023 Restricted funds £ 113,854 5,859 2,745 122,458 |
Total 2023 £ 6,352 671 7,023 Total 2023 £ 113,854 5,859 2,745 122,458 |
Total 2022 £ 4,555 600 |
|---|---|---|---|---|
| 5,155 | ||||
| Total 2022 £ 85,141 3,270 1,947 |
||||
| 90,358 |
There are no staff working for the charity whose contracts are with or are paid by a related party. There were no ex-gratia payments made and no redundancy payments made.
There are no staff working for the charity who were paid more than £60,000.
4.6 Staff numbers
| Average headcount in the year: | 2023 | 2022 |
|---|---|---|
| 4 | 4 |
4.7 Trustee Remuneration
None of the trustees were remunerated during the year or the previous year. No trustee expenses were paid during the year.
Page 20
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
| 5 Debtors Unrestricted funds £ Accounts receivable 12,000 Other debtors (match donations) - Other debtors 882 Gift Aid owed from HMRC 1,247 Prepayments/accrued income 133,155 Total debtors 147,284 6 Cash at bank and in hand Unrestricted funds £ Current Account 369,838 Total cash at bank and in hand 369,838 7 Creditors: amounts falling due within one year Unrestricted funds £ Accounts Payable 57,195 Accruals - PAYE and NI Payable - Pensions Payable 511 Income in Advance 39,000 Total creditors due within one year 96,706 |
Restricted funds £ - 10,000 - 1,650 - 11,650 Restricted funds £ 142,842 142,842 Restricted funds £ - 1,671 - - - 1,671 |
Total 2023 £ 12,000 10,000 882 2,897 133,155 158,934 Total 2023 £ 512,680 512,680 Total 2023 £ 57,195 1,671 - 511 39,000 98,377 |
Total 2022 £ - - 648 38,367 - |
|---|---|---|---|
| 39,015 | |||
| Total 2022 £ 463,111 |
|||
| 463,111 | |||
| Total 2022 £ - 20,000 3,365 554 - |
|||
| 23,919 |
Page 21
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
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8 Charity funds - current year
| Restricted funds Grants - core Midnight Madness on the night Grants - appeal RYH charity support work (GSG US) Dot Impact projects Grants - ad-hoc Total Restricted funds Unrestricted funds Total funds 9 Charity funds - previous year Fund name: Unrestricted funds Restricted funds Grants - core Midnight Madness on the night Grants - appeal RYH charity support work (GSG USA) Total funds |
At 1 Jan 2023 £ 185,761 - 500 110,590 - - |
Incoming resources Resources expended Transfers between funds At 31 Dec 2023 £ £ £ £ 235,665 362,500 - 58,926 42,500 63,960 21,460 - 66,191 71,820 5,129 0 136,473 153,166 - 93,897 11,452 12,314 863 0 2,972 3,038 66 0 |
|---|---|---|
| 296,851 181,356 |
495,253 666,798 27,518 152,823 373,816 107,240 (27,518) 420,414 |
|
| 478,207 | 869,069 774,038 - 573,237 |
|
| At 1 Jan 2022 Incoming resources Resource expended At 31 Dec 2022 £ £ £ £ - 453,261 267,500 185,761 26,645 - 26,645 - 15,322 5,116 19,938 500 - 177,084 66,494 110,590 |
||
| 41,967 635,461 380,577 296,851 |
Page 22
SIGNATURE CERTIFICATE
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REFERENCE NUMBER 6C171DB5-D113-435D-AE54-902829FDF7EF
TRANSACTION DETAILS DOCUMENT DETAILS Reference Number Document Name 6C171DB5-D113-435D-AE54-902829FDF7EF 3950 Charity Accounts 31-Dec-23 Raise Your Hands 241030 Transaction Type Filename Signature Request 3950_Charity_Accounts_31-Dec-23_Raise_Your_Hands_241030.pdf Sent At Pages 10/30/2024 12:32 +01 24 pages Executed At Content Type 10/30/2024 12:36 +01 application/pdf Identity Method File Size email 562 KB Distribution Method Original Checksum email 8a85153190f7e9d06657be98d2afa1fc1a61d31db470f74be90716d3de5096a4 Signed Checksum 65e184c0106df368bcf74876b1eebf7afa8e870f555426443cc2084e11168f79 Signer Sequencing Enabled Document Passcode Disabled
SIGNERS
| SIGNER | E-SIGNATURE | EVENTS |
|---|---|---|
| Name | Status | Viewed At |
| David Wilsdon | signed | 10/30/2024 12:36 +01 |
| Multi-factor Digital Fingerprint Checksum | Identity Authenticated At | |
| david@greenaccountancy.com | e01c64e104037a465a4e218218fe04eedbb28a8e5d5d98b0d3bdf8613da56710 | 10/30/2024 12:36 +01 |
| Signer Sequence | IP Address | Signed At |
| 1 | 82.17.69.8 | 10/30/2024 12:36 +01 |
| Components | Device | |
| 2 | Firefox via Windows | |
| Typed Signature | ||
| Signature Reference ID | ||
| E081144C | ||
| Name | Status | Viewed At |
| Christopher Kirkland | signed | 10/30/2024 12:35 +01 |
| Multi-factor Digital Fingerprint Checksum | Identity Authenticated At | |
| c.kirkland@peverilsecurities.co.uk | e78573603a35bfbd3db1a630ef670fe833a3e709d582cb5c09c4b615b4ffc76c | 10/30/2024 12:35 +01 |
| Signer Sequence | IP Address | Signed At |
| 0 | 46.149.255.118 | 10/30/2024 12:35 +01 |
| Components | Device | |
| 4 | Mobile Safari via iOS | |
| Drawn Signature | ||
| Signature Reference ID | ||
| F60995B1 | ||
| Signature Biometric Count | ||
| 1 |
AUDITS
TIMESTAMP AUDIT 10/30/2024 12:32 +01 Adam Forkner (adam@greenaccountancy.com) created document '3950_Charity_Accounts_31-Dec23_Raise_Your_Hands_241030.pdf' on Firefox via Windows from 52.45.54.47. 10/30/2024 12:32 +01 Christopher Kirkland (c.kirkland@peverilsecurities.co.uk) was emailed a link to sign. 10/30/2024 12:35 +01 Christopher Kirkland (c.kirkland@peverilsecurities.co.uk) viewed the document on Mobile Safari via iOS from 46.149.255.118.
TIMESTAMP AUDIT 10/30/2024 12:35 +01 Christopher Kirkland (c.kirkland@peverilsecurities.co.uk) authenticated via email on Mobile Safari via iOS from 46.149.255.118. 10/30/2024 12:35 +01 Christopher Kirkland (c.kirkland@peverilsecurities.co.uk) signed the document on Mobile Safari via iOS from 46.149.255.118. 10/30/2024 12:35 +01 David Wilsdon (david@greenaccountancy.com) was emailed a link to sign. 10/30/2024 12:36 +01 David Wilsdon (david@greenaccountancy.com) viewed the document on Firefox via Windows from 82.17.69.8. 10/30/2024 12:36 +01 David Wilsdon (david@greenaccountancy.com) authenticated via email on Firefox via Windows from 82.17.69.8. 10/30/2024 12:36 +01 David Wilsdon (david@greenaccountancy.com) signed the document on Firefox via Windows from 82.17.69.8.