2020-10-31-accounts

Statement of Financial

The Violence Intervention Project Statement of Financial Activities (Incorporating the income and expenditure account) for the year ended 31[st] October 2020

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Statement of Financial

Trusteess:	Mr David Elsworthy OBE (Chair)
	Mariam Rashid
	Michael Boyle
	Abiodun Ajibola
	Levi Griffith
	Aisha Faruqi
	Tyrone Keith Sterry
	Brett Hart
Registered Charity Number:	1175817
Registered Office:	The VIP,
	Newcombe House
	43-45 Notting Hill Gate
	LONDON
	W11 3LQ
Independent Examiner:	Elizabeth Collins
	Percent ABV Ltd
	10 Fidler Place
	Bushey
	Herts
	WD23 4UF

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Statement of Financial

Contents

	Page
Trustees Report	3
Management Report	4
Independent Examiners Report	7
Statement of Financial Activities	8
Balance Sheet	9
Cash Flow Statement	11
Notes to the Financial Statements	12

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Statement of Financial

Trustees’ report for the year ended 31[st] October 2020

The trustees present their report and financial statements for the period ended 31 October 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and Activities

The charity's objects are the advancement of health or saving of lives of vulnerable people at risk or involved in serious youth violence. The policies adopted in furtherance of these objects are recorded and there has been no change in these during the period.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Financial Review

Income for the year from donations and grants was £260,713 (2019: £118,864). Expenditure was £205,596 (2019: £146.700). This was spent on charitable activities, cost of raising funds, and administration costs of the Charity. Further details can be found in the statement of financial activities on page 7.

Reserves

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

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Statement of Financial

Management Report :

Impact of Covid:

The past financial year has proven a challenging, yet very successful period for The Violence Intervention Project. We have had to manage the inevitable changes around service delivery during the pandemic, transitioning to online engagement, food bank delivery and continuing our crisis response at times when we were most needed by the people we support.

Evolution of the pandemic-enforced offer was also matched with an evolution in The VIP workforce, where we took on additional staff throughout the year, growing to a staff team of 4 full time and 4 part time staff. Bearing in mind our team only formed in late summer of 2018, growing steadily over the past 2 years, we are beginning to see our ethos of “short term work, long term relationships” coming to fruition with young people able to utilise their trusted relationships with their VIP workers. This has been evidenced in the past year where we have taken a number of self referrals - showing that young people had been speaking with their friends and encouraging each other to engage with the service.

Future Plans

Our hopes for the year ahead will be to continue to increase the current staff team, taking the majority of staff onto full time contracts and securing future funding. This will enable us to continue to offer the continuity and consistency our service users require in what is an ever increasing demand for our services. We received 56 referrals in the past year, over one per week. Undoubtedly, the year ahead, as we start to enter the latter stages of the pandemic will provide a number of challenges that I am confident we will successfully navigate.

I’d like to thank our funders, staff and trustee board, and most of all our young people and families who allow us into their lives at often the most vulnerable and critical times. Without their trust and leap of faith in our staff, none of our work would be possible.

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Statement of Financial

This report has been prepared in accordance with the Statement of Recommended Practice (SORP) – Accounting and Reporting by Charities

Approved by the Board of Trustees on 26/07/2021 and signed on its behalf by

27.07.21

27.07.21

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Statement of Financial

Report of the Independent Examiner to the Trustees of the Violence Intervention Project

For the year ended 31 October 2020

We report on the financial statements for the year ended 31 October 2020, are set out on pages 6 to 9 which have been prepared on the basis of the accounting policies on pages 10 to 16.

Respective responsibilities of the Trustees and Independent Examiner

The Trustees are responsible for the preparation of the financial statements. It is our responsibility to form an independent opinion, based on our work, on those statements and to report our opinion to you.

Basis of Independent Examiner's Report

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by these accounts.

Independent Examiners Statement

In connection with our examination, no matter has come to our attention which gives us a reasonable cause to believe that in any material aspects the requirements to keep the accounting records in accordance with the SORP FRS102 and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the SORP have not been met or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed by: (Elizabeth Collins)

Date: 21/07/2021

NB: Accounts were re-examined in May 2024, please see Appendix A for full details. No changes were made.

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Statement of Financial

Statement of Financial Activities

		2020	2020	2020	2019
		General	Restricted	Total	Total
		Fund	Funds
	Notes	£	£	£	£
Incoming resources	3
Donations and fundraising		2,918		2,918	475
Charitable Activities		184,245	73,550	257,795	118,389
Other Trading Activities					0
Total incoming resources		187,163	73,550	260,713	118,864
Net resources available for
Charitable Activities		187,163	73,550	260,713	118,864
Charitable Expenditure	4
Raising funds		2,994		2,994	0
Charitable Expenditure		136,061	65,741	201,802	146,700
Admin & other Expenditure
Governance costs		300		300	850
Depreciation		502		502	0
Resources expended		139,857	65,741	205,598	(27,836)
Net incoming/(outgoing resources)		47,306	7,809	55.115	35,426
Prior year adjustment		(6,308)		(6,308)
Net movement in funds		53,614	7,809	61,423	(27,836)
Total funds at 1 November 2019		3,749		3,749
Total funds at 31stOctober 2020		(57,363)	7,809	65,172

All amounts relate to continuing activities and there has been no change in the nature of the Charity’s activities in the year.

All recognised gains and losses are included in the statement of financial activities.

The prior year adjustment related to the perion 1[st] nov 2019-30[th] Nov 2019 that was erroneously included in the 2019-19 financial report

The notes on page 11 to 15 form part of these financial statements.

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Balance sheet

as at 31[st] October 2020

Notes Fixed Assets Tangible Assets 6 Depreciation Charge Current Assets Debtors - prepayments and accrued income Cash at bank and in hand Amounts falling due within one year Creditors: Accruals Income in Advance Trade Creditors Net Current liabilities Amounts falling due greater than one year Creditors: Total Assets Less Current Liabilities Accumulated Funds General Fund Restricted Funds 8		2020 £ 1,659 (752) 907 161,043 161,043 44,100 51,225 552	2019 £ 1,659 (250) 1,409 33,724 33,724 31,384 31,384 2,340 3,749 3,749 3,749
		96,777 64,266 65,172 57,363 7,809 65,172

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Trustees’ statements required by Sections 475 (2) and (3)

For the year ended 31[st] October 2020

In approving these financial statements as trustees of the company we hereby confirm:

For the year ended 31[st] October 2020 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

The members have not required the Charity to obtain an audit of its financial statements for the period in question in accordance with section 476 of the Companies Act.

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

Signed on behalf of the Board of Trustees by and authorised for issue on 27/07/2021

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Statement of Cash Flows 2020 £ Surplus (deficit) from operating activities 61,423 Depreciation 502 Interest Receivable 0 Decrease (Increase) in receivables 0 Increase (Decrease ) in payables 65,393 Net Cash Generated from operating activities 127,318 Investing Activities Interest Received 0 Purchase of Fixed Assets 0 Net Cash inflow and increase in cash 127,318 Cash and cash equivalents at beginning of year 33,724 Cash and cash equivalents at end of year 161,043

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1. Accounting policies

Basis of accounting

These financial statements have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards and in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2015)

The functional currency of The Violence Intervention Programme is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates.

The Violence Intervention Programme constitutes a public benefit entity as defined by FRS102.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Donations including donations, gifts and legacies are recognised where there is entitlement, the amount can be measured with sufficient reliability, and receipt is probable.

All income is accounted for on an accruals basis. Accrued income represents money owed for project undertaken and/or expenditure already incurred between November 2019 and Octoberr 2020

Expenditure

Expenditure is accounted for on an accruals basis. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes.

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Costs of raising funds

The costs of raising funds consist of fundraising costs relating to payments design of logo and branded clothing.

Fixed Assets

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Computer equipment - 33% straight line

Satement of cash flows

Following the implementation of FRS102, a statement of cash flows has been incorporated within the financial statements of The Violence Intervention Programme for the year ended 31[st] October 2020 on page 9.

Cash at bank and in hand

Cash at bank and 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.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that

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reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Critical accounting judgements and key sources of estimation uncertainty

There are no critical accounting judgments or key sources of estimation uncertainty at the reporting date.

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2. Staff costs

The Trustees did not receive any emoluments or reimbursed expenses from the Charity. No employees in the current and prior periods had emoluments in excess of £60,000.

2020 £ Wages and Salaries 166,708 The average number of employees employed by the charity during the year (FTE) was: 2020 No. PAYE staff Detailed Statement of Financial Activities General Restricted 2020 fund Funds Total £ £ £ 3.Income Analysis Grants and donations Grants 187,163 73,550 257,795 Donations 2,918 2,918 Total incoming resources 18,327 41,968 60,295 4.00	2019 £ 86,244 2019 No 3.00 2019 Total £ 118,389 475
	1118,864

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4. Resources expended Accountancy Bank Charges Contractors/prof fees Depreciation Equipment Lease Food Distribution Insurance Marketing/Fundraising Materials/Activity Costs Mentoring Office/Admin Expenses Phone/Computer Rent Salaries and wages Training/recruitment Travel and Subsistence Volunteer costs Total resources expended	General Restricted £ - 300 - 0 - 900 0 502 972 4,145 974 - 2,994 6,623 905 3,562 65 - 10,321 - 210 108,208 58,500 53 2,191 4,173 139,857 65,741	Total £ 300 0 900 502 972 4,145 974 2,994 7,528 3,562 65 10,321 210 166,708 2,244 4,173 205,298

Note 5 Accountants Fees 2020 2019 Independent Examiners Fees 300 850 300 850

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300 850
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Note	6	Tangible fixed assets		Office Equip	Total
		Fixed assets Cost @ 1/11/19		1,659	1,659
		Additions	-
		Cost @ 31/10/20		1,659	1,659
		-
		Depreciation c/f 1/11/19		250	250
		Depreciation 2019-20		502	502
		Depreciation b/f 31/10/20		752	752

Note 8: Analysis of movement on Restricted Funds

Charitable activities COVID-19 Response John Lyon Global Fund For Children ESDF	2020 2020 2020 2020 Income Expenditure transfers At 31/10/20 £ £ £ £ 5,050 5,050 0 34,500 34,500 0 24,000 24,000 0 10,000 2,191 7,809 73,550 65,741 7,809

Restricted Funds

Covid-19 Response: funds to provide food banks/food distribution in response to the COVI-19 pandemic

John Lyons Fund : Core funds grant for Management and Administration

Global fund: Core funds grant for Management and Administration

ESDF: Grant for Supervision and Training

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Appendlx 1- Indeuenileni Examiners Report 2024 Iti 2023 WE DecarnE &w&ie th8t oui inoepenient ex8minei Oio have Ine aDDrllpriate acGielilalion foi tnB Size oitne chaiity Irevenue over￿50,[[#)1. We iaiseu Inis witn the charity Cofflfflission were tEotifieG th8twe snoulo nave oui accountg ie- examlneo tpy an acciEliteO accountant iesubmitlheffl. Tnis appeniix contains the llD118tei Iii(lepETrOent txafftineis REDOrt. epori ol Ihe Inilependent Examlner 10 Ihe Trustees of Ihe Vlolence Inierventlon project For the year ended 31 October 2020 We report on the linancial staiemBllts loilhe year ended 31 October 2020, sei out oll paues 8 to11, which nave been prepaiell accDiding10 tThe accounting PDIiCiES on pages12 to17. ResDeoii¥e responsibilities DI the Trustees InOepenaeHt Examiner The Ttustees ale rBsponsilllE loi Ihe prepaiation ol the linanciai statements. It is Qui iesponsibiiity to IDIM an independent opinion, based Dn ourwotK onthose statements anttlo repon ouiopinion to you. Basis 01 Inllependent Examiners Report An ex8mination inciuttes 8 ieview of the accountino iecoros kepl by the cnaFity 8no a cofflgarison of the accounts Dlesenteo with Inose recoros.ll also inciuo&s consiueiaiioR of any unu8u81 iteffts or triscitssuies in Ine accounts, seeki￿0 exDianations from tne Iiustees concei￿1￿0 any s￿Ch matters. Tne DIOCEOuies U￿￿ertaken tFCt g10¥ile all tne eviUenGe that woulll De ieqtiiieo In an auoit an¢ conseouently we tto nfjt exDIESS an auttit QDinion on the view oiyen ny Inese accounts. Inllepenttent Examineis Statement In connection witn our Exarnination, no nFattEI n8s come tfj Oll[ attention wnicn giyes us 8 ieasonaDle causE to Deiieve Inat any maiEriai aspects the iefjuirements to keep tftE accountitlQ fecoins in aEcor08nce with tne SORP FRSIO? and tQ Diepaie accounts Wnicn accoil witn tne accountiTrg recoi(IS 8nd to corngiy witn the acccunting iefjuiiemenis 01 IttE SIRP have noi DEE￿ met oi to wnick, In our opjTrjon, allention shfjttll tse Iiawn In orlei to enaoie a DioDei unoeistanoing or the 8ccounis to tse ieacnei. Siynell Dy HDwarll iaRe: Date: 9 May 2024 HDwaid Lane FFA PrD-Filing Ltd 68 Caniettsury Glove london SE27 OPA