CIO number.. CE013613 Charity number.. 1177669 Sister System (Charitable Incorporated Organisatlon, charlty number 11776691 Financial Statements and Trustees. Report for the year ended 31 October 2024
Sister System l¢harltsbl• Incorporated Oryanlsatlon, charity numb•r 11776691 Index to the Financial Statements for the ear end9d 31 October 2024 Page Indèx to the Financial Statements Charity Inforniation Tru$tees' Report 4.12 statement of Tru8t•os' Responsibilitios 13 Independent Auditor'$ Rèport 14.15 statement of Finan¢k91 Actlvldes 16 statement of Financial Postlon 17 AccountÉng Policies 19-20 Nolps to the Accounts 21-27 Pag&2
Sister System Icharltable Incorporatsd Organlsatlon. charity number 11776691 Charity Information forthe ear ended 31 October 2024 status: Charitable Incorpor8t8d Organisation ICIOI govemerl by its conslitulion, charity number 1177669. Charity name: Sister System Principal 0ffi¢o Address: Studlo 31 TheTrampery 639 High Road London N17 8AA Trustees who Iwld offlce sin¢0 1 Novambor 2024: R Saunders A GeorgakopoLJIou Jacqueline Nicol& James C Clare M Williams K Dhami Jesslca Ann Roper amilla Kate Elwood E Pduso T Nneke E Owen-Amadasun Chair Co-chalr Ghair Treasurer Trustee Trustee Trust8è Trustee Treasurer Trustee Trustee - Termination Term on 26 May 2025 - Apint&d 5 May 2025 Resigned 31 July 2024 Termination on 6 March 2025 Appointed 8 November 2024 Appointed 8 Novembèr 2024 Appointed 10 January 2025 Appointed 10 January 2025 Appointed 9 February 2025 Indèp•ndent Auditor: Klngston Burrowes Audit Ltd ststutory Auditor 308 Ewell Road Surbiton KT6 7AL Bank¥r8: Natwest PLC 198 Stoke Newington High Street London N16 7GA P4ge 3
Sister System (Charitable Incorporated Organisation, charity number 11776691 Trustees, Report forthe year ended 31 October 2024 The Board of Trustèes submit their annual report and audtted finanual statements for the year ded 31 October 2024. 1. Trustees The Trustees of the charity who held office during the year are disclosed on page 3. 2. Structure ement overnan¢e na The charity is consliluled as a Charitable Incorporated Organi5alion ICIOI, governed by a constitution dat1 20th March 2018. The CIO is managed by 8 Board of Trustees, who meet al least quarterly to review strategy, perfomian¢e, and rlsk. The maximum number of Trusle&s is 12. Trustees are appointed in accordance with the constitution, following open recruttment processes based on sknlls, dlversity priorities and due diligencè pmcess. Trustees also adhere lo Slsler System's Board & GoVernare Chartw. New Iruslees undwgo structured induction, including govnanCe respDnsibililies, financial oversight. and safeguarding. Day- to-day operations are delegated to the Founder and Chief Executive and the Director of Opei8tions. A fomal Scheme Df Delegation is in place. Sister Systern's Founder is not by the Charities commission as the Charity etsntact and an employee (GEOI of the Charity. 3.ob 8Ctlvos and Activities Our Mission Sister System's missSon is to bridge the gap between Care-rected girls aged 1>24 and mainstream swety, by working alongside them to ensure they have the same opportunitios everyone else has- at hLTrme, school, work and within our communities. Our Vl$lon A society where girls and young women impacted by the care system can thrive, lead, and shape their futures. Sister SysleTn's definition of 'care affected, refers lo children and young people from 13 to 24 ye8rs old. who slatulory services, including s0¢ial care, thè Criminal JuslicE Syslern. NHS. health care providers, education, and housing providers- have a responsibility lo provldé car& for due to familial or relation81 neglect, harm, or abuse. Founding and Growth Founded in 2017 by a group Df women drTven by the urgent ne8ds of Care-affed girls, SisleT System has grown frcrn a grassroots initiative into a key support system for young womèn in London. We c£kcrealed our chaiily through a by and for Q)-CUTaled gender and race equity Icfis with a focus on writing the Schemes of Work, Theory of Change, and identifying the principles, values and practices of engagement th81 und8rpin the delivery of our COTe progTammes through a series of think tanks with care leavers, ensuring that our work was dItlY shaped by the voices of those we serve. In 2018, we became an Open College Network IOCN) approved centre IApproval Nurnber'.60924 offering nationally recognised qualifications and officially regislered as a charity. sin our four1, wè have expanded from sUPPOrting 12 girls in our first year to over 600 by 2024. Thi5 growth refiects our commitment lo providing high-impact services underpinned by the solution focused approach. unconditional positive Tegard, reflectivè practice, Testorative justice ptactictss and social pedagogy ernpowering us towards devdoping meaningful, long-lerm relabonships with our participants. Our programs and work are delivered through an assel-based approach nIring race and gender empowerment. The CIO'S charilable purposes, as slated in its constitution, are.. 'To prowd8 advice and assistance and organising programmes of educational and other activities as mean of.. al advising in life and helping your people by devdoping their skills, capacitie5 to enable them to participate in society as indèpendent, mature and responsible individuals., bl advancing &JLKalion', c) rdiewng unemploymenl.. Why our work matters Glrls an(J young women in and on the edgès of cara fa significant barriers.. Higher rates of school exclusion and academic underachievement DisprDPOrtionale ctsnlad with safeguarding and mental health seM¢es Ra5¥ and yender-based discrimination Lack of consistent adult relationships Limit8d pathways into education 01 employment Black girls and youFTg women and those from Global Majority ba(grounds are disproportionally aff, oftw n8vigating racialised trauma and being overrepresented in care, criminal, and safeguarding systems. Sister System exists lo meet these challenges head-on". building trust where tru51 has been broken. and Greating safe, empowering spaces wheré young wornen can grow working lowxrds race and gender equity. Page 4
Sister System ICharitabl¥ Incorporated Organisation, Charity number 11776691 Trustees. Report for the year ended 31 Octobèr 2024 Accreditation and Rocognition OCN Approved Centre for offering qualifications Recognised by the Charities Excellence Framework A Disability Cc>nfident Employer Best Emergtng Voi¢e Charity of the Year- London Impact Awards-2022 Haringey Giving Comrnunity Safety Award 2021,2022 & 2023 & 2024 Winner Children and Youth category I Charity Awafds 2023 Winner Legacy Gala Awards,. Femalé empowerment SPWAlsil-2024 Our Theory of Change In partnership with Impetus, we participated in a series of Driving Impact Workshops lo refine our Thwry of Change, programme delivery and wrlte our Ihree-year strategy to clarify our strategic direction auoss 2024-2027. Our programmes are underpinned by proven thepp1C approaches, such as Unconditional Posilive RegaFd and solulioTr focused approach, alongside soci81 peclagogy. Sister System's theory of change articulates how these programmes. along with key oulpuls that underpin them, achieve crucial outcome5 for care-affecled young women.. IF Care-affeCy young WQFnen a offered Gonsislent, relation81, holisti¢, idtItY-affirMlng, trauma-infortngd services THAT works in partnership with har, acthowl&Jging her as the expert THEN they are more likely lo Irusl, partIpate, and invest in Iheir own developrnent, going on tha journey towards fulfilling her potential SO THAT they can build resilience, gain skills, and transition into education, employrnenl, training or leadèrship AND live a life free frorn abuse and become socio-economically mobile and independent IN ORDER TO: Influen and shape systems that h8va historically marginalised them Tho journey through Sister System's refinpd pmgramme & our Theory of Change 12 raiXtrS IMI11.-5tS%tdcvty5 P4#rllbPettt RsieÈm& 5h•t% & Mii*VAWG LWithh4Y farÈ lihss &vtO%W%Thl, Page 5
Sister System ICharitsbl8 Incorporatsd Organisation, charlty nurnr 11776691 Trustees, Report for the year ended 31 October 2024 The Three.Stage Progrdmme Sister System's model offers long-temi. relalionshipb8sed support through a clear Ihre&slage structure Stage l- Enablè Focus Safely. trust and C1$1¥toneY Peer lo p[ menloiing and partiupation in our Energlse. Exerase, Empower actiwlies Initial saféguarding response Early needs and goal sélting Resilien Building WORKSHOPS and access lo Adwce, Infomietion & Guidance Workshtsps staga 2: Enhance Focus.. Identity. leamiftg, andreslllonce Continuéd 1..1 mentoring 1..1 Therapeutic mentoring Resilience building workshops Advi, InformalioTrn & Guirjance workshops Levèl 2 accredited qualification (Open College Network-OCNI tn Developin9 Leaderships Skills stage 3: Empmr Focus.. Leadershim ogencyi and transition Continued mentoring Work coach readiness Advice, inforrnation and guidance workshops focused on p8thw8ys towards an EET outcome Goal setting and progression pathway5 Levd 2 Accredit1 qualifi¢alÉons IOCN) in Employability and B¢¢oming a Peer Mentor Youth advisory and leadership roles Supplementary Aetivitles: Sister System also Offe lo overyyoung woman r&ted WRIJ us a rarwe of otheracliviti&s to enhance her wel1&ng, sense of belong.ng and m&&t her needs. these inGlud& but kra not bmited loo. 1. Empowerment fund 2. Respite trips 3. Excuision$ and oulings 4. Health & hygiene packages 5. Food vouchers 6. Yoga. non-contact bong and dance 7. Cultural and gender speaflc based activities. 4. Achlevements and P•rfomianc Impact & Delivery This year maTked the first full year of implemwrtalion of our revised thr*stage ddivery model.11 wa$ also the year where we implement1 a new and improved data capture system. By Sept 2024 Sister System had.. 130 young women registered, and 20 waiting to be on-boarded. 113 young women took part in our mentoring offer. 89 young women participated in 2024 graduation ceremony for complolion or progression. 19 Accredited qualifi(31ions achieved in 2024_ 41 registered to complete accredited qualifications in 2024. 705 on&to-onè mentoring sessions delivered. 115 workshops dtrliv&red (Resilien, EEE, OCNI. Worked alongside 120 girfs through the range of our oulpuls and activrfcies. Our capacity building programme, supporting over 20 organisations through gTOUP and 1..1 training on programme design & dovelopment to deliver high quality m8nloring for young people. Delivered 150 Iherapeulic 1".Is with 17 young women in partnership with our clinical therapeutic providèr'Op8n-Door'. Planning for the launch of our Youth Advisory Board that was 8¢tiv8t6d in earty in 2025 PaJe6
Sister System Icharitsble Incorporated Organisation, charity number 11776691 Trustees. Report for the year ended 31 Octobèr 2024 87'k of participants from Black and other Global Maioiity bkgrOundS 92Yo Sustained education, etTrployThnl orlraining 129 safeguafding Con$ re¥onded to 150 care-affeGted girls supported through our speoialisl intervention 180A of participants who were NEET moved into employment. 100Y¢ of parti¢ipants reported raised emotional resilience. Empowerment Fund: Supwrted 130 yong women with essential needs like housing, food, and basic ulililies. As an altemalive educational provision Sister System has registered our learners across three level 2 qualifications and 4 programmfys. Food Voucher Scheme.. Distributed 254 food voucher5 10 8llÈvi8te financial deprivalion. Graduation.. Sister System annual graduation is an opportunity for all our girls and young WOM to be celebrated for their progress and achievements, this year we celebrated all girls and young women's achIeVèntS with 89 awards and 19 accredited qualifications, thus gradualing with al least one level two qualtfication from our stEile of nationally recognised and accredited programme5 such as developing leadership skills Challenges an(f Le580 Lgarnèd The ongoing cosl-of-living and mental health crisis are also deepening the complèxity of need among the girls we support. Our tearn is facing growing pressure to operate in a wider s8f8guarding capacity, responding lo a rising numb8r of high-ri5k referrals involving suicidal ideation and acute mentsl health concerns. We have also made significant improvements to our CRM system. Our intt181 setup focused on mentoring sessions, but did not capture the full scope of our work. induding accredited leaTning, safeguarding interventions, and wider support. In 2024, we've gone through a second phase of CRM developrnenl. resulting in a more integrated system that beller leflects our impact and improves our ability to monitor outcomes and learn as an organisation. Further develtspmenl Ss planned in 2025. Transltlon to Employment.. The percentage of participants moving into paid ernployment was 18./0 this was offset by an increased focus on working lo enable participants to progress well into Further and Higher Education. With mofe participants still in school, al high risk of disengagement and or jow allainment lèvels most of our particApanls were 8ble lo sustain education and moved intts further or Higher Educat0 Non-Engag•m•nt: 240A of parti¢ipants disengaged, often due lo moving outside of the service areas or achieving sdf-sufflciency. Despite this, 21% M81Thed wgaged in our programmes, demonstratn9 th8 strength of our mentoring rejationshlps. Du¢ lo the changes in our CRM d818 (spture system, we were unable lo identify the outcomes for 17 ofthe young wornen registered with us. So¢lal and Emotlonal Learning ISELI Tools: This year, we refined our SEL tools, allowing us lo dosdy monitor each participant's emotional iourney and adjust our support to meet their needs more effectively. Induding a parti&l transition frorn WEMWBS IWarwith-Edinburgh Mental Wellbeing Sealel. to Rosenberg Self Esteem Scale, Conor Davidson Resilience Scale and a Healthy Relationships Questionnaire. Partnershi s and Collaboration¥ Key Partnerships: This year, we expanded our Peer 2 Pèer Powerup Mentoring Programme in partnership vAth Hope in Haringey, delivering the programme across 8 schools and colleges in London. Throvgh our p8rtrTr6rship with Open Door, we provided ca.150 therapeutic appointments fof 17 girls. offering Cognitiva Behawoural Therapy ICBT) and psychotherapy to sUPPOrt mental health and emotional well-being. The average attendance rate is over 860h, reaching 100% engagement for longer term therapies. This partnership also provided group dinical supervision sessions across the delivery and operations team enabling them to explore and sustain resilience. Launching our sarvices at the Highbury Roundhouse in September of 2023 Sister System has b8gun to foster meaningful partnerships with key slakeholdeis auLlSS the borough increasing our reach and deepening our impact. Page7
Sister System (Charitable Incorporated OryanisatÉon. charity numbèr 11776691 Trustees. Report for the year endgd 31 October 2024 Sister System continues to work closely with 19 h0O1$ across Haringey, Islington, Enfield and Wallham Forest. In this y8ar we had a particular focus on delivering our Peer 2 Peer Power Up mentoring which, is structured across the school temis. The schoo18 we delive 8t indude= Academy Iwoodsidel. programme delivery P2P. Dukes Aldridge, programme delivery P2P. Wallharn Forest College, programme delivery P2P. London Excellen Academy (Tottenhaml. piogramme delivery P2P. Alternativè Centre of Educalion IACEI TCES Community School Hornsey School for GiTIs Harris Academy (Tottenham) Oasis Academy Haringey 6th Fomi Collage Sister System continued to partneT with 8 range of expert facilitators and practitioners ensuring our programm&s outputs are ddivered by experts in the Fields and bulld1n strength lo OLtr team of in-house Theiapeutic & Pèer Mentors. facAlitators assessors and trainers. In the period new referral partnorships included.. Enfield- Childrén and Adult Social Care. Islinglon- I-CAN Ilslington Collaboration Action Netwotkl lslington YAS C(oung Adult Setvicesl Islington Children and Adult Soaal Care. Young Islington Network Panel, Sister Systern worked closely with three local authorities. Haring8y, Enfiéld, and Islington. Prolessional Meetings.. Sister System sf(s on the current Haringey pands, MARAC, Child AdOlenIS Resource Panel. Child Exploitation Panels. Fomiing part of the team arourKI the childlyoung adult, working alongside professionals and professlonal bodies. Number of professional meetings attènded in the period were 74. . Safe uardin For the period 23-24, Sister System experienced a notable rise In the numbars of young people who through statutory and self-referral pathways We able lo access our services. This rise was in rdation tts the numbers of referrals wtth safeguarding c4)nwns that oxisl within the served boroughs highlights thè importance of the work we do lo support young people. During this period, and as part of our inlem81 rèvithv process, Sister Syslern's safeguarding team comprised of operational and board members collaborated c105ely with an èxternal safeguarding consultant. A5 a result, w8 further Ljwlated our safeguarding policies, refined our safeguarding proeeduras, and engaged in comprehensive teatll training sessions. Key Safeguarding PAea$ures and Revlew Process 1. Safeguarding Policies We have established clear safeguarding policies aligned with industry best practices and regulatory requirements. Thésè policies outline our commitment to preventing harni, ensuiing iespethFul conduct, and addressing all safeguarding cOnM$ promptly and effe¢tivÈly. Sister System's safeguarding policy remains Sublt to an annual review process and was last rewewed on 9th September 2024. 2. Tiaining and Awareness Our staff and volunteers r1Ve regular safeguarding training, empoweting them lo identify. pravsnt, and respond to potential risks. This indudes recognising and responding to signs of abuse, uliliSiAg reporting protocols, and fostering a Culture of accountability, proportion8lity, and transparenry. 3. Risk Assessment and Management safUardlng risk assessments are conducted as part of our programme design and implementation process. These assessments help us identify and categorise potential risks which in turn allows us to tsilor preventive measures and ensure a safer environment for partiapanls and stsff alike. Page 8
Sister System (Charitable Incorpordted Oryanisation. charity number 11776691 Trustees. Report for the year Bnded 31 October 2024 4. Incident Reporting and Response Protocols We have a comprehensive reporting systèm that ensures safeguarding concerns or inadents are documented, reviewed, and addressed swiftly and confidentially. Our safeguarding protocols include guidelines for escalation and collaboration with partnering organisations and relevant authorities when necessary. We maintain thr permanent staff members and two Trustees with safeguarding rnItS to whom concerns ale reported. 5. Independent Review and Oversight Our safeguarding practices undergo regulaT intern81 réviaws and independent audits lo assess effectiveness and ensur8 compliancè with regulalory and ethical standards. The findings are used lo update our $8feguaiding approach and address any gaps, prr)motin9 continuous improvem9nt. 6. Feedback Mechanisrn We maintain open channels for feedback frorn participants, staff, and extemal partners regarding our safeguarding practices. Feedback is reviewed to adapt and rèfine our protocols and ways of working. further strengthening Sister System's safeguarding fram¢work. Sister System managed 129 safeguarding concem8 this year.. 65 wwe low to medium risk. needing internal support or nr) further action. 64 were high-risk cases, which required intervention from external s8nAces like CAMHS social car6. 7. Fin ial Review The financial performance and position of the Charilabla Company foT the reporting period arè presented in the accompanying financial statements. For the year ended 31 October 2024, Sisler System reported total income of £1,399.885, representing a mod88t d8e]inè from £1,487,824 in the pieviou5 year. Total expenditure increased, primarily driven by expanded programrne delivery and staffing costs. Headcounl rose to t9 6Ynpltsyees. up from 17 in the prior year. Nel income for the period was £371.997, refiecting the inleTplay of income and expenditure dynami(x12023'. £648,803). The Statement of Finanual Activilitrs rèports net current assets and y8ar-end total charity funds at £1.908,588 -an IneaSe by 240k compared to the prioT year Unrestricted funds rc)se substantially to £839,44612023.. £395,745), enhanang operational flexibilty. This improvement aligns with the charity's resèrvès ptslicy, as OLrtlined bel¢)w. and un(krscores the organisation's sound financial health, prudent resource management. and growth in multi-year funding_ Cash balances at year-end stood at £933,09212023.. £562,707). further reinforang liquidity and financial resl4ien. T8ngibl• fixed assets for use by the chaiyty Fixed 8ssets are set out in Note 7 to the accounts. Principal Fundlng Source¥ Main funding sources are donations and grants with the top hmo contributors aaUntIng foi 49.7 Oh of total. Details of the donations and legacies are reported at Notes 23 ar 24 to th8 accounts. Tre charity adheres to the Code of Fundraising Practice. No professional fundraiser8 were used. Oversight is provided by the Board. 8. Reserv Polie The Trustees of Sister Systern rogniSe their responsibilityto have a transparent policy on managing the resources of the organisation, induding financial reserves. They aCknoWl19e this is a requirement under the Statement of Recommended Practice.. Awounting and Reporting by Charities. The Trustees of Sislw System believed Ihal it is generally in the interests of the charity to work towards a position of holding reserves that would ctsver al least 6 months operating costs. At end of the FY23124, the unresliided reserves were £880,477. The significant increase in reserves frorll FY22123 to Ff 23124 refiects our fundraising effort8 to support future groth and the expected increase in costs of mulli-year Pr(¥tS.
Sister System (Charitable Incorporaled Oryanisation. charity number 11776691 Trustees, Report for the year ended 31 October 2024 Fundraising efforts over thè past two years have enabled the organis8lion lo build up reserves in support of our afflbilious growth plans, aligned with our current strategic objectives. As a result, the unrestricted reserves temporarily excÉeded six months of running costs in 2023124. This position was intentional and reflects prudent antiapation of rising operating costs and an increased tax liability in the coming years. Any excess of re5etves will bo slrolegically deployed to scale our impact in 2024125 and beyond. This ensures adequate cgsh flow fl&bIlitY to rneet emergency measuw, delayed payment of grants and lo ensure th* programme delivery lo our benéficiarsès is not interrupted. The board is keeping the reserves policy under constant as the organisation grows. The Reserve Policy is subject to regular review. The lalesl review was perfomed in March 2025, and the Res Policy was voted and approved by the Bo8rd ol Trustees in April 2025. 9. Trustees. Notes The Trustees of Sister System are pleased with the perf0rrnan of the charty over the past year and its growing soaal impact. Despite external challengès. such as the cost-of-liwng cri818, the chaiity has ¢ontinued to grow arid has positively impacted the lives of 130 girls and young women. Thè board of Trustees are commilled to ensuring that Sister System's governance, financial m8n8gement, and operational aotivities align with the chaiity's tnission of empowering care affected girts We havè Invested in strengthening our partnerships, developing our prograrrFme8, and securing funding to ensure sustainability in tho years Ir) come. The Trustees ackn¢>wledge the importance of robust financial and operational conlfols which are foundational to Sister System's continued SU$$ and building trust with our stakeholders. In the past year, we Identifi ar88s where internal processe5 required enhancement lo further safÉguard the integrity of our operations. In February of 2024 Sisley System experiw)c£d a serious incident, which was subsequently reported to the Charity Commission on the 28th of February 2024. In wponsè lo this incident, Ihe board approv1 the implementslion of strengthened oversight measures devised by the senior management teams supported by external professionals. This induded comprehensive adjuStmts lo our financial monitoring practices and stricter checks on transactional worknows. Wè havè also established additional rewew protocols ensuring that all activities align seamlèssly with best practices for finan¢ial accountability and Iran5paTency. The ¢hanges that were made have reinforced Sister System's Tesilience, SafUarding resources that empower the young women and girls we support, while positioning Ibe Charity for sustained growth and impact. As 8 resutt of thè serious incadent and the work that was undertaken with the newly appointed accounlanls and auditors also enabled a slrategized board reshuffle lo en5uie that the Board of Trustees is able to effectively govern in line with th& Charities growth and duties of care across people. purpose and assets. Subsequent to the filing of the 2023 Annual Report, the corllpo8ltion of the Board was rewsed and ellh8nc to incorporate a more baland mix of expertisè. This rafréshed governgncè structur8 is designed to ensure appropriate oversight of the implementation and future èvolthion of Ihe org8nis8litsn's stratagic plans. 10. Risk Mana mèn l) Risks aré identified in a risk idenlilicalion workshop involving the Trustees and the ch81ily's Dirèctor 2} Identified risks are assèssed and quantified based on their irnpact. severity, and likelihood of their occurrence 3) Risks are addressed by putting in place proportionale mitigation plans 4} Risks that cannot be avoided e.g. where Tfustees recognis& that an actswty carries an 'acceplable' level of risk ale apIed and monllor¢rl in a dynamic way 5} The boafd is updated regularly ol any changes in Tisk with regards to the likelihood of previously identified issues 8ftsing. Risk Catagory Description Severity IHIMIL) Likelihood IHIMIL} Mib"gation Strategic & Financial Significant reduction in fundraising Regular monitoring of fundraising & finances reserves held aim lo covei al balween M months of operational costs Strategic Change in government poliw affecting grants Regular monitoring of Vernment ptslicy and any changes Paye 10
Sister System (Charitable In¢orporatsd Oryanlsatlon, charity numbèr 11776691 Trustees. Report for the year ended 31 Octobgr 2024 Operational & Financial Technology systéms not adequate Regular review of current providers Analysis of key pèrsons is required to ensure th6se individuals are IdtIf*ed and bsck LJP plans are prepared Operational Key person rlsk Safeguarding of care 8ffe¢ted girfs Analysis of key persons 15 required to ensLtre these indiwduals are identified and back up plans are prepared Operational Slrategic Sustainability & impact ol growth The board holds Tegular discussions on SS strategy The operations tearn is vigilant on any indications of fraud and is in close eont3Ct with the TrUStS to resolve any potential issues that might arise Financial & Slralegic Fraud The Trustees have assessed the chaiity's finat)oal position and confirm that Sister System 1$ 3 going concern. With a solid financial resetve, robust income streams from grants, and a growing network of partnerships, the ¢harily is wEII-posilion8d to continue ils work in the coming years 01 81108St 12 months following the approval date of this report. The Board of Trustees h8ve prioritised the enhancement of financial monitoring, with slrenglhened internal Controls that allow for meticulous ovèrsight of income and expenditures. The anticipated financial obligation arising from th¢ reported incident are expected lo be from existing available reserves. In the accounts, this debt is account for as a creditor due within a year, (Note 101. Howèver. it is envisag&J that the assooialed payments of this debt may be phased over a five-year period. subject to agreement with HMRC, as no formal written arrangement has yet been concluded. The introduction of the Salesforce CRM system in 2023 ha8 further enh8ncÉd thé ability to monitor outcomes, Ira( gagement, and streamline operallons, ensuring that Sister System remains resilient in the face of extemal challenges. 12. Plans for Futu riod In line with the 2024-2026 strategic plan, Sister System is preparing to scale its impact across our Capllal into a small national charity. The three-year stiategy fwuses on replicaling our su¢¢èssfiJl programmes pan LLTrndon while continuing lo refine our impact measurement l(x)Is. By fostering effective communication, peer storytelling, and building slfong partneiships, the organisation will ensure ils culturally rdevanl progrydmmes continue to reflect the communities il serves. We continue to aim to increase our reach working alongside at least 180 girls in 2025 either through direct support or indtrecl impact through our partnerships. In 2025, we aim lo.. Etllbed our newly refined learn, PTogram, processes and polic¢es to better serve our Sis-stsrs and thè eco-system we work within Strengthen and increase the reach of our capacity building programs and consultancy offer to organisations and profe8sional practitioners working with young peoplè through mentoring practices Expand our ddivw offer across London Deepen our impact by consistently taking our Sis-stars on a sequential long-term programme Launch Sister System's Youth Voice Advisory Board- strengthening governance Collaborate with more organisalions and partners across London Continue to work with our Blg Slslers on the development of furthw and 8mployment pathways. Internally. Sister System will focus on strengthening ils team, 8tre8mlining process&s, and enhanang ils measurement of impact. New slaff will recèive thorough onboarding and support, while Big Sisters and the mobili581ion of our Youth Adwsory Board will play pivotsl roles in long-term advocacy and corntllUni¢81ion. PaJe11
Sister System (Charitable In¢orporated Organl8ation, ch8rity numbèr 11776691 Trustees, Report for the year ended 31 October 2024 As one of the organisalions working to deliver Ihe GLA'S NDFYP as both a delivery and capacity building partner Sister System aims to continue Ir> build on this by sharing our own mentoring practices acroTr55 the sector to continue to drive up the quality and consistency of mentoring across the capital. demonstrate its impact IhTLTrugh M&E. which in tum will drive our thr6e year aim, lo be able to inffluen policy & practices for girls and young women affected by the caro system. Finally, we seek lo build upon and share the outcomes of the work we do to influence rpOrate practices around rruItenI, support and internal culture and pra¢tl¢es to fLJrther empower car&affected girts and young women towaTd5 sustained SocieConOMiC mobility. We remain dedlcated to empowering car&affected girls and yOLJng women, ensuring they have the same opportunities as everyone else. ay 2027 w• WIM prn¥ld•... lwl ht•lll¥ I¥¥mtsl¢ P•i>i%pn•lr Drnplr. %•rf IuTth¢r 20254 2026-7 2025 Our If•y PrirteW•• Wr ¥Wur ¢ptsp i WE it [*• Inde ndent Auditor Thè Independent AL¢diloi, Kingston Burrowes Audit Ltd was appointed by rasDlution of the Board of Trustees on March. 2025. Mr Fisher has indicated their willingness to be proptssed for re-appointment. The financlal statements were approved by the Board of Tru$tses on 13 August 2025 and signèd on its bghatf by: cqu ne Ni¢ole Ja Chair of Trustees Page 12
Sister System (Charitable Incorporated Oryanisation, eharfty number 11776691 Statement of Trustees, Responsibilities for the ear onded 31 October 2024 The trustees ara r8sponsible for preparing the Trustees Annual Report and the financial staternenls in acc¥)rdance with applicable law and United Kingdom Accounting Standards (United Kingdom Genèrally Accepted Accounting Praclicel. The Iruslees are required by law lo preparè financial stalemenls for eath finanGial perirxj which give a true and fair vièw of the slate of affairs of the chaiily and of the incoming resources and application of of resources of the ¢harity for that period. In preparing those financial statements the Iru5tees are required to.. al ect Suitab accounting policies and apply them consistently., bl Obsèrve th8 methods and principles in the Charities SORP., c) Make judgements and estimates Ihat are reasonable and prud8nt', dl State whether applicable accounting standards have been followod, subject to any material departures disclosed and èxplained in the financial slalemenls." and el Prepare the financial statements on the going concern basis unlts88 il ts inappropriate to presume that the ¢harSly wll onlinue in operation. Thè trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any timè the financial position of the charity and enable them to ensure that the fin8naal statements comply wth Charities Aet 2C)11. the Charity (Accpounts and Rewrtsl Regulations 2008 and the provisi(>n$ of the charttys constitution. They are also responsible for safeguarding the assets ol the charity and hence for taking rèasonable steps for the prevention and detaction of fraud and other irregulaftties. PaJe 13
Sister System (Charitable IncorpOr¥t Organlsation. charity number 11776691 Independent Auditorfs Report to the Trustees of Sister System We have audited the financial statements ol Sister Sysletn Ilhe 'charity'l for the year ended 31 October 2024 which comprise the slalement of financial activities, the balance sheet, the statement of cash Ilows and notes to the rTrnanoal statements, including significant accounting policaes. The financial teporting Iramework that has been appli1 in their preparation is applicable18w and United Kingdom Accounting Standards, Including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelanrt (United Kingdom Generally Accepleil Accounting Practice). In our opinion, the finanrial statements-. give a true and faiT Vtew of the slate of the charity's affalrs as al 31 October 2024 and of its in¢oryting rest>urcès and application of resources, for the year then ended., have been properly prepared in accordan(* with United Kingdom Generally Accept1 Accounting Practice., and have been prepared in aordanCe with the Charitie5 Act 2011, Basis for opinion We ¢ondu¢ted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and appliCae law. Our responsibJ"lilies under those standards are further des¢ftbed in the Auditorf5 responsibilitiès for audit of the financial 8ts1ements section of Dur report. We are independent of the charity in accordance with thè ethical réquirements that are relevaFrt lo our audit of the financial statements in Ihp UK. induding the FRC'S Ethical Standard, and we have fulfilled our olheT elhiral responsibilities in accordan w((h these [u1reMents. We believe that the audit èviden¢e we have obtained 15 sufficiènt and appropriate lo provide a basis for our opinion. Conclusions relatlng to going con¢ern In auditing the financial stslements, we have CM)ncluded that the Trustees use of the going concem basis of a¢eounting in the preparation of the financi81 statements is apprL)priate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or ¢onditions that, individually or colleGtively, may cast significant (toubl on the charity's ability to continue as a going concern for a p10d of at least e1ve months from when the f¢nancAal StatentS are authorised for issue. Our responsibilities and the responsibi5ities of the trustees with respect to goln9 Concern are described in the relevant sections of this report. Other Inforniation The other infomiation comprises the infomiation included in the annu81 report other than the financaal slalemenls and our audilofs ieport thereon. The trust are responsible for the other infortllation contained within the annual report. Our opinion on the fi'nancial statemènts does not cover the other information and w& do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is rnaterially inconsistent with the financial statements oi our thowledoe Obtained in the COUTse of the audit, or otherwise appears to be materially misstaled. If we identify such materi81 Fn¢onsistencies or apparent material misstatements, we are required to determine whether this gives rise to a matèrial misstatament in the financial statements themselves. If, based on the work wa have performed, we conclud& that thère is a material misstatement of this olhei infomiation, we are required lo report Ihal fad. We have nothing to report in this ward. Matters on which we are raquired to report by exception We have nothing to report in SpeCt of the following matlers in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to Teport lo you if, in our opinion.. the information given in the finantial statements is inconsistent in any materlal respect with the Trustees report,. or suificient accounting Tecords have not been kept,. or Ihe financial statements are not ill 8greErnent with Ihe accounting rewTds.' or wa have not re1V1 all the informalion and explanations we require for our audit. Responslblllilos of tr.ustees As explained moTe fully in the st818m6nt of Trustees responsibilities on page 13, the trust$ are responsible for thè preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of finanaal statements that are free from material misstalemenl. whether duè to fraud or error. In preparing the financial statements, the trustee5 are responsible for assessing the charity'$ ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unles5 the Iruslees either intend lo cease operations, or h8vè no realistic alternative but lo do so. Page 14
Sister System (Charltable Incorporated Oryani$8tion, charlty numbar 11776691 Independent Auditorfs Report to the Trustees of Sister System Audltorfs responsibilities for the audit of th• financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan wilh the Act and relevant regulations made or hawng effect thereunder. Our objectives are to obtain reasonable 8ssur8nc8 about whether the financial slaletnenls as a whole are free from material misstatement, whether due lo fraud or èrror, and to issue an auditorfs report that in¢ludes our opinion. Reasonable assuran is a high level of assur8ncÈ blrt is not a guarantee that an audit lxnduded in accordance wilh ISAS IUKI will always detect a material rnisslatetnenl when it estS. Misstatements can arise froFll fiaud or error and are considered material if, individually OT in the aggregate. th could reasonably be expect1 to Influen the economic decisions of users taken on the basis of these financial gtatamants. ITregularitie5, including fraud, are instances of nOn-mpliance with laws and regulations. We design procedures in Ilne th our responsibilities, outlined abovè, to detect material misstatements in fespecl of irregularities, induding fraud. The extent lo which our procedures are capablè of detecting irregularities, induding fraud is detailed below.. Enquiry of management, those charged with governance about actual and PotlIa1 litigation or claÉms 8nd EdtIfIcation of non-complianee with laws and regulations. Reviewing minutes of meetings of those charged with governance. Rewewing finanaal st*èmÉnt disdosures and testing to supporting do¢umentstion to assess compliance Mlh applicable laws and règLJlations. Aijditing the risk of management override of controls. including through testing joumal entries and other adjuslfnents for appropriateness. Performing analytical prOdreS to identify any unusual or unexp8et8d relationships that may indicate risks of material misstatement due lo fraud. Professional sceptiasm in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit, there is a risk that we will not delèct all irregularities, induding those leading to a material misstatement in the fin8ndal stslements or non-complian with iegulalion. This risk increases the mole that ¢ompliance with a law or regulation is removed from the events and transactions itrfle¢tèd in the finanaal statements, as we 11 be less likely to bectsrne aware of instances Df non-compliance. The risk 1$ also grèater regarding irregularities wcuiring due to fraud rather than error, as fraud involves intentional conalMent, foigery. collusion, omission or misrepresentation. A further descripb'on of our responsibilities is available on Ihfr Financial Reporting CounrAI's website al.. hllps'.1l¥.lr.Org.ukj9uditorSrGspDnSlblltIle$. This description forms part of our audilorfs report. Usè of our report This report is made solely lo the tharity's trustees, as a body, in 8¢cordancé with Part 4 of Ihe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so th81 we might slate to the charity's Iruslees those matlers we are required to slate lo them in an auditor's report and for no other purpose. To the fullest exlent peTmitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as 8 b(>dy, for our audit work, for this report, or for the opinions we have forrlled. //c/,A_ Kèvin Flshèr BA FCA CTA Senior Ststuto Auditor For and on behaffof lfjngston Burrowes Audit Ltd. StatutoryAudl¢or 308 Ewell Road Surbilon Surrey KT6 7AL Datsd: 13 August 2025 ngslon Burrowes Audit Ltd is eligible for appointment as auditor of the charity by virtue of eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. PaJe 15
Sister System (Charitable Incorporated Organisation, Charlty numb•r 11776691 Statement of Financial Activities for the ear ended 31 October 2024 2024 2023 Unre8tr6ctsd Funds Restricted Funds Totsl Fvnds Total Funds Notes Income from: Donations and legacies 658,357 741,328 1.399.$85 1,487.824 Total In¢ome 658.357 741,328 1.399.685 1.487.824 Expendlture on: Raising funds Charitable act4"Vlties 6,419 202,184 3,392 815,693 9.811 1,017.877 7,988 831.033 Totsl exponditurn 208.603 819.085 1.027.688 839,021 Net incomellexpenditurel and movement in funds 449,754 177,757) 371.997 648,803 Transfers bets¥een funds 13 16,052} 6,052 Net m0m&t in funds 443,701 171.7051 371.997 648.803 Reconciliation of funds.. Total funds oUght forward 395,744 1.140.847 1.538,591 887,788 Total funds carried forward 839.446 1,069.142 1,908,588 1,536,591 All incoming S0reèS and resour expended are derived from continuing activities. The accompanying accounlino policies and notes form an integral part L)f these financlal statements. p16
Sister System Icharitsblg Incorporated Organisation. ¢harlty numbgr 11776691 Statement of Financial Postion as at 31 October 2024 31 October 2024 310¢tr)b•r 2023 Notes Flxed as$ots= Tangible assets Total fixed a$sets 11.867 3,819 11,867 3.819 Current assets: Debtors Cash al bank and In hand Total current assèts 1,228,192 933,092 2,161,284 1,160,241 562,707 1,722,948 Credltors.. amounts f•lling du• within one year 10 264,563 190,176 Net ¢urrent assetsllliabilitiesl 1,896,721 1.532,772 Totsl n•t ossèts 1,908,588 1.536,591 The funds of th• charity: Restricted income funds Unrestricted funds 1.(b9,142 839,446 1,140.847 395,744 Total charity funds 1.908.588 1,536.591 Thg financlal statements approved by the Board of Trustees on 13 August 2025 and signed on Its half by: cqu ne Nicole J Chair of Trttee5 ès The notes on pages 19 to 27 fom? part ol these accoun Paje 17
Sister System Icharltablo Incorporated Organisation, charity number 11776691 Statement of Cash Flows for the year ended 31 October 2024 2024 2023 Nèt ineomel{expenditurel for the reportlng pgrfod las per the statement of financial activities) 371.997 648,803 Adjustments for. Depreciation charge Ilnerè8se)Id6crease in debtors IncreaselldeBrtrasel in creditors Net cash provided byllu¥ed in) operating activities 2,854 1382.2291 102.223 371,650 167,9511 74.387 382.817 Purchase of property, plant aNd equiprllent Net cash providèd byllused Inl investing activities 12,4321 12.432 (2,9C 12,90ei Change In ¢a$h and cash equlvalents in the rèportlng perlod Cash and cash equivalents at tho bèginnlng of the reporting period Cash and cash equivalents at the end of th• reporting period 370.385 388,745 562,707 933,092 193,962 562,707 2024 2023 Analysis of cash and cash equivalents Cash in hand 933,092 562,707 Total cash and cash equlvalents 933,092 562,70T Pag& 18
Sister System Icharltable Incorporated Organisation, charlty number 11776691 Accounting Policies for the ear ended 31 October 2024 Basls of preparation The financial statements have been piepared in 8fxordane8 with.. al Applicable UK accounting standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021,. bl Accounting and Rewrting by Charities.. Statement of Recommended Practice applicable to chattlies preparlng thdr accoLJnts in accordance with the FinanrAal Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102) (Èffective 1 January 2019) . IChaTlties SORP FRS 1021; dl the Charfties Act 2011. PublSc benefft entity The charity meets the definalion of a publÉ¢ benefit entity under FRS 102. In¢ome recognition Income including donations, gifts and funds raise(l from fundraisin9 event5 are recognised where there 18 entillement. il is probable that the income wll be reiVed and th81 the amount can be Measur reliably. Income from th8 sal8 of goods is recognised when the signifi'cant risks and rewards of ownership of the goods have passed to th8 buyer (usually on dispatch of the goods), the amount of income can be measured teli8bly, it is probable that thè economic benefits associated with the Iransa¢tion v4ill flow to the entity and the cosls in¢vrwl or to b8 incurred in respacl ol the transaction can be measured reliably. Income from grants, where related lo performance and spAriC ddiverables, is account8d for as the charitable company earns the right to consideration by it8 perfomianc8. Interest on funds held on deposit is included when reCvable and the amount can be measured rdiably by the charity., this is normally upon notification of the interest paid or payable by the bank. Expenditure recognition Expenditure is recognised when a liability is incurred and Is analysed as shown bdow.. Cc>sls of raising funds are those costs inwrred in allrarAing donations and legacie5, and those in¢urred in trading activities that raise fvnds., Chaiilable activities include expenditure a550¢i8ted with family support SerS and reseaTch services includè both the diTecl costs 8n¢Y support costs relating lo these activities.. Support costs include central functions and have been allocaled to activity cost CatOne$ on a basis consistent with th& use of resources e.g. allocating property cosls by floor area, stsff costs by lime spent and othu CDsls by their usage. Liabililes are dassified acrdIng to the subslancÉ of the contractual arrangement entered into and a slated 8t their nominal amount. Def•rr¢d in¢orno Income received which is ¢ontractually or otherwise not expendable unti13 future period is deferred to the period in which it meets the criteria foi income recognition. Fund accounting Funds held by the charitable company are.. Unrestricted Funds These are funds th81 can be used in accordance with the charitable objects at the discretion of the Board of Twsle88. Restrlcted Funds These are funds that eAn only te used for Splf1 reslrict8d puTS8S Within the objects of the charity. Restrictiuns arise when speLafied by the donor or when funds are raised for reslrictÉd purposes. P¥Ja 19
Sister System (Charitable Incorpornt•d Organisation. charity llUTnbpr 11776691 Accounting Policles for the ear ended 31 October 2024 Pensions The d)arity operates defined conlribulon schemes which are administered by outsidè independent pS1On5 providers. Contributions payable for the year are d)argl to the Statement ol Financial Aotivitiès. Taxatlon The company is a registered charity, 8n¢Y thèrèfore is not liable foT incorne lax or ¢orporation tax on income derived from ils Charitable artivities, as it falls within the various exemptions available for registered charities. stock Stocks are staled 81 thè lowér of cost and estirnated selling price less costs to complete and sell. Cost comprises direct m2terials and, where applicable, direct labour costs and those overheads that have been In(rred in biinging the stocks lo their present location and condition. Stoc*s hdd ftsr distribution at no or nominal considoralion are measur&J al the lower of cost and replacement cost. adjusted where applicable for any loss of service potential. Inv•stments Investment5 in subsidiaries are measured at cost less impairnient. Financial instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic finan¢i81 Irislruments arè initially recognised al transaction value and subsequwlly measured at amortised cost using the effe(aive interest m8thod. Judgements and key sour¢ès of èstimation uncertainty In the appli(3lion of the charity's accounting Policies, Ihe directors are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other Sour$. The e51irnale5 and associated assumptions are absÈd c>n historical experience and other factors th8t are considered lo be relevant. Aciual results may differ from thèse estimates. The estimates and undèrlying assumptions are reviewecl on an ongoing basis. Revisions to accounting estimates are recogllised in thè period in which the eslirHate is revised where the revision affects only Ih8t period, or in the period of the revision and future pÉriods where the revision affects both Current and fvture periods. The trustees do not consider any of these judgements or ostirn8tions to have any significant effect on the financlal statements. PagB 20
Sister System Icharltable Incorpordtsd Oryanisation. charlty number 11776691 Notes to the Accounts for the ear end¢d 31 October 2024 1 Incoming r•$ourees The incoming resourcss and surplus are attributable lo the prinopal a¢tivities ol the charity. 2 Net in¢omlng r¥$ources Net incoming resourcss arè stated after char9.. Auditors fees.. audit setvices Operating lease ¥entals charged to expenditure Depreciation - owned assets 2024 2023 5,280 51,521 4,384 4,800 30,000 2.854 Trustee8' èmolumènts Emoluments include salaries, fees, bonuses. expense all¢)W8nces and estimated non-cash benefits receivable. All Ituslees serve in a voluntary capacTty do not receive payment for their services as trustees. 2024 Total 2023 Totsl Donations and lega¢ies Lknrestrlctsd Unre8tr6cted R6strlcted Donations Grants tNolè 231 11.896 646,661 658,357 11.6 1.387,989 1,399.685 14,298 600,084 614,382 14,298 1,473,526 1,487 824 741,328 741328 873.442 873,442 2024 2023 4 Expendlturo on ralslng funds Unrestrlctsd R8Stricted Totsl Unrèstrfctéd Restrlctsd Total Promotional activity 6,419 6.419 3,392 3.392 9,811 9,811 6,098 6,098 1,890 1,890 7.988 7,988 2024 2023 5 Expènditure on ¢haritablo actlvlties Unrestrlcted R88tricted Total Unr95triGted Restrl¢tsd Total Programme delivery Support costs Premises Govwnance 89,327 108,177 {1201 4,800 202,184 709,852 47,967 57,873 799,179 156,144 57,753 4,800 1.017,877 138,667 157,966 28.861 3,798 329,292 452,743 40,383 7,813 1,CK)2 501,741 591,410 198,349 36,474 4,800 831,033 815,693 PaJe 21
Sister System (Charltable Incorporated Organisation. charity number 11776691 Notes to the Accounts for the ear ended 31 October 2024 6 Stsff costs All staff staff salaTies Staff social security Staff pensions 2024 2023 578,180 46,696 17,599 642.475 324,945 36,448 8,985 370.378 The charity considers its key managernenl personnel lo be the truStS and the executive director. The total employrnenl benefits (including employer pensi(>n CDntributs'on51 of the key managemenl personnel were £81,t>2812C)23'. £78,305). Thè average number of employee8 the period was.. 2024 No. 16 2023 No. 14 Employees Charitable a¢tithtiès Fundraising Finan Total 17 Aggregate amounl of emoluments paid to board members or former board members during the year.. The number of employees whose total employe& beneffls {exduding employer pension costs) fell within èach band of £10,OOQI from £60,000 upwards were as follows.. No of employees 2024 Band £70,000 to £79,999 £80,000 to £89,999 2023 No remuneration was paid to any Trustee or theif assooiales for serwces as a trustee during the yèar ded 31 October 2024 nor 10 31 October 2023. Flxturbs & fittings 7 Tangible fixod assets equipment Cost As at 1 November 2Q23 Additions 1,187 1,890 8.324 10.542 9,511 12.432 As at 31 October 2024 3,077 18.886 21,942 Depreciation As at 1 November 2023 Charge for the year 79 394 5.613 5,692 4,384 As at 31 October 2024 473 9,603 10.J76 Net book value As at 31 Ociober 2024 2,603 9,263 11,867 As a131 Octobèr 2023 1,108 2,711 3.819 8 Debtors: amounts falling du8 within one year 2024 2023 Trade debtors AccrLJ&d income Deposits paid Prepayments 39,472 771.759 2,981 4,391 818,604 724,843 724,843 PwJe 22
Sister System {Charitsble In¢orporated Organisation, charity number 11776691 Notes to the Accounts for the ear ended 31 October 2024 9 Debtors: amounts falllng due after one year 2024 2023 Awued income 409,588 409,588 435.398 435.398 10 Credltors: amounts falling due wlthln on• yoar 2024 2023 Trade creditors Other creditors Social security & other tsx&s Accruals 16,277 3,642 232,164 12,480 264,563 354 1.4C>8 183.614 4,800 190.176 Oponlng balance Resouros ari5iDU Resources L¢t116sed Other movements Closlng balance 11 The fund$ of the ¢harlty.' current year Restiycled funds Restricted incon)e funds INote 241 nrestiycted funds General tunds 1,140,847 741.328 1819,085) e,052 1.9,142 395,744 1.536,591 658,357 1,399,685 208.603) 11.027,6881 16,052 839,446 1.908,588 Opening balan Resourc85 arising R¢sour¢es uttllsed Other movement8 C1051fiU b*n¢e 12 The funds of the charlty: prlor year R trittt6d funds Restricted income funds INole 251 trictèd funds General funds 775.247 873,442 1503.6311 14,2111 1,140,847 112,541 887.788 614,382 1,487.824 335,3901 1839,0211 4,211 395,744 1,536,591 D8slgnat9d funds Restncted fund8 6,Q52 6.052 End0%nettt nds 13 Transfers between fundg: currant poriod General lo tricted Ganeral fund8 6.052 16,0521 Total Deslgn8t8d funds Re5tri¢ted lunds 4,211 14,211) Endov+m8nt funds 14 Transfers tween funds: prior period Restricted lo geneial Generrtl funds 4,211 4,211 Total Designaled fijnds Restricted funds Endowment fvnds 15 Net assets attributab to funds: current perlod G8noral funds Total Tangible fixed assets Current assets Cuirenl li8bililies Net assets represented by funds 5,814 1,098,194 264,563) 839.446 6,052 1,063.090 11,867 2,161,284 264,563 1.908.588 1.069,142 Pa3e 23
Sister System (Charitable Incorporated Organlsatlon, ¢harlty number 11776691 Notes to the Accounts forthe ear ended 31 October 2024 D88lgnatsd lunds Restri¢1 funds Endowment funds 16 Nèt assets attributabte to funds: prlor perlod eral fvnd8 Totsl Tangible fixed assets Current assets Current liabilities Net assets rèprasented by funds 3,819 582,101 1190,1761 395,744 3,819 1,722,948 1190,176 1,536,591 1,140,847 1,140,847 17 Taxation The ¢ompany is a registered charity. Accordingly. it is exernpt from laxalion in respect of income and capital gains to the @xtent that these are applied to its charitable objects. 18 Pension commitments The charity conlribules to èmployee defin1 contribution IDC} stakeholder pension schemes. The assets of the schemes are held separately from those of the charity in independently administered funds. 19 Othèr financial commitments Total o eratin lÈas8 commitments At 31 October 2024, lh& ch8rity had totsl MmItments under nOn-CanlIable operating leases as detailed below.. Equipment Land & bulldlngs 2024 2024 2023 2023 Within one year Between one and five years 40,006 22,117 62,123 12.892 12,892 20 Contingent Ilabilities The charity harl no material conlingenl liabllltles at 31 October 2024 nor al 31 O¢lc>bèr 2023. 21 Related party transactions During the period the charity entered into Iransadions with the following related parties.. Transactions Balances ovnd from I Itol 2024 2023 2024 2023 Mark Williams - Quality Assuiance advice E51heT Douglas Payroll eosts Sislersystem Incorporated CIC - Grant received Trustee 1.309 C105e relative of key rnanagament personn Business owned by key management persollll 15,980 12,892 1,000 1.050 13.942 22 Regulatory status The entity is a Chantsble Incorporated Organisatlon {CIOI governed by its CX)n8trtulion, charity nurnber 1177669. Psge 24
Sister System (charitable In¢orporatod Organlsatlon, charity nurnbor 11776691 Notes to the Accounts for the ear ended 31 October 2024 23 Donations and lega¢iès - Grants 2024 T¢)tal 2023 Total Unrestrfcted R8striGted Unrestrtcted R8Strfcted GLA New Daal for Young People UK Youth- Thriving klinds Sistèrsystem Incorporated CIC Safer Neighbourhorxl Board Haringèy (Bridge Renewal Trust) MOPAC SisleThood Ellhan John Armitage Trust The Listening Fund Impetus KPMG Foundation Haringey Together we Can 2022 The Leathersellers. Foundation Mariamarina Foundation Salesforce Catalyst Fund Lloyds Bank Communily Grant NDYP Scale Up Haringey Household Support Fund Rosa Voices Frotn the Frontline Berkeley Foundation Peabody Community Fund Impact 100 The Big Give- Champions For Children Fundraiser LCF VAWG Cost of Living Fund Lovinglon Foundation Smallwood Trust AXA XL AXA XL Ic051 of livtng a(klilionall Paul Hamlyn Foundation CO&R NDP(P Propel MOPAC (Call off Contract 2) LCF IMOPAC VAWG Grassroots Fund) Lle Schroder City Bridge Foundation Born This Vvay Fdn NPT Tran5allanlic Esme& Fairbairn Foundation Garfield Weston Foundation Esmee Faiibaii Lloyds Bank communty grant Berkeley Found81ion 24,791 24,791 13,OQO 1.000 13,000 I,ooc) 2,835 109,074 2,835 109,074 105,000 81,764 120,000 150.000 5.000 100.ODO 40,OQO 79,834 52,250 160.567 4.438 7,000 33,000 25,708 130,000 105,OQQ 81,764 120,000 150,000 5,000 loo,000 40,000 79.834 52,250 160,567 4,438 7,WO 30,WO 25,708 3,00 13Q,OOD 6.037 13.733 6,037 13,733 10,000 50,676 36,610 10,000 50,678 36,610 3,571 3,571 150,000 150,000 225,000 225,0 133,365 62.992 133,365 62.992 9S,378 95,378 37,500 380,Q80 41,222 2,500 309,090 50,000 5,000 2,500 1,OOD 1387 989 37.500 380.080 41,222 2,500 309,090 50.000 5.000 2,50Q) 1.ODCt 741328 800 084 873 442 1 473 526 Pe 25
Sister System {Charitablo Incorporated Organisation, charity number 11776691 Notès to the Accounts forthe ear ended 31 October 2024 24 Restri¢ted fund$: current perlod - 2024 2024 Ctosing Opening Incomlng R850urees Trdn5fers & LCRF Wave- City Bridge Trust LCRF Wave- VAWG Smallwood (Frontline Women's Fund) ESFA- Equipment VAWGILCRFIMOPAC UK Youth ROSA & Smallwood Women's Thrive Fund sol3 Women's Fund (Labyrinth Project) Haringèy Giving - SS Got Talt Kickslart- DWP Redbridge EHCP Haringey Council Household Support Fund William Wates Fund Sis-star Income (Bridge Renewal Ctsrnerston8 C produGlion GLA Nèw Dèal for Young People Homecooked Bridge Renwml Tr4JsI Yout Best Friend Safe Lives Wood5ide High School Sistersyslem Incoiptsrated CIC The National Lottery MOPAC Sisterhood Enhanced . Safer Neighbourhood Board Haringey16ridge Renewal Trust) The Listening Fund KPMG Foundation Haringey Together we Can Mariamarina Foundatitsn NDYP Scale Up Haingey Household Support 8eTketey Ftsundation Peabody Cornmunily Ftsnd The Big Giv& Champions For Children Fundraiser LCF VAWG Cost of Living Fund Smallwood Trust AXA XL Paul Hamlyn Foundation NDFYP Prop MOPAC (Call off Conlr8¢t 21 LCF {MOPAC VAWG Gra88roots Fund) Crty Bridge Foundation Born This Way Fdn NPT Transatlantic 2,293 1,252 923 4,158 3.002 7.275 12,2931 11,2521 1923) 14,158) 13,002} 7,275 1361 12,97n (1,08Ql 110,3921 {4.5871 2,977 1.049 10,245 5,787 2,569 18,005 31 147 1.200 2,569 207 {17,7981 410 62,481 3,572 13,027 1,263 38 264,009 138,2 {4101 162,4811 13,5721 113,02n 11,300} 11,853) 1108,097) 1138,237) 24,791 24,791 37 815 1.0 155,912 2,803 12.8251 143,0691 138,8921 11,1541 12,4281 1105,0651 12,5691 123,061) 15,781) 22 2,429 105.612 1,154 2,428 142,565 66,720 37,500 2.569 30,000 24,911 5,752 5,575 50,191 36,610 150,000 8,940 19.130 5,752 5,575 33,762 29.752 117,930 97.115 29,860 57.499 344,990 22,165 2,50Q 1 069 142 116.4291 16,8581 132,0701 136,2501 133,1321 137,8791 {35,0901 {19,0571 133,365 62,992 95,378 380,080 41,222 2,500 741328 1 140 847 Page 26
Sister System Icharltable Incorporatsd Organlsatl<)n, ¢harlty number 11776691 Notes to the Accounts for the ear ended 31 October 2024 25 Rèstrfctod funds: prior period- 2023 2023 Closffing Opening Incomlng Rosourc¢s Transfeys & Lottery Awards Matrix Causes Fund London Catalyst MOPAC UK Youth Fund The Lealhersellers, Foundation Renewal Trust The Feminist Review The Nation81 Lottery Comrnunity Fund The Fore Raft Fun(5 LCRF Wave- City Bridge Trust Un Ltd August LCRF Wave- VAWG Srnallwood (Frontlinè Women's Fundl ESFA- Equipment Haringey Giving- The Bridge Renewal Trust VAWGILCRFIMOPAC Two Magpies UK Youth ROSA & Smallwood Wornen's Thriv8 Fund so13 Women's Fund (Labyrinth Project) Haiingey Giving- SS Got Talent Kick51art- DWP Redbridge EHCP Haringey Council Household Supwt Fund William Wates Fund Sis-star Income (Bridge Renew81 Cornerstone Co- production GLA New Deal for Young People Homècooked Bridge Renewal Trust London Imp8¢1 Awards LCF Your Best Friend Safe Lives Windrush Day Grant Woodside High School Sistersystem Incorporated CIC The National Lottery MOPAC Sislèrhood Enhanced . Saler Neighboufhood Board Haringey (Bridge Renewal Tiustl Tho Listening Fund KPMG Foundation Haringey Togethw w8 Can Mariamarina Foundation NDYP Scale Up Rosa VolS From the Frontline Berkeley Foundation Peabody COmUnitY Fund The Big Give- Champions Foi Ghildren Fundraiser LCF VAWG Cost of Living Fund Srnallwwd Tiust YAXL Paul Hamlyn Foundation 345 219 120 1,206 260 759 13451 12191 11201 I1,2) 12eOI 17591 (581 12921 171 191 292 2,293 662 1.252 923 4,158 113 20,919 219 7,275 891 2,977 1,649 12,772 5.787 1,522 18,005 2,293 (6621 1,252 923 4,158 1113) 117.9171 3,LKJ2 12191 7.275 36 2,977 1,049 10.245 5.787 2,569 18,005 18551 {600} 12,52n 4,438 13,3911 1,650 162,393 3,572 14,128 13,633 4.336 1.263 38 378,021 111,520 {1,2401 199.9121 410 82.481 3.572 {14.1281 16061 14,3361 13,027 1,263 38 264,009 138,235 1114,0121 182,359) 109,074 2,835 81,7e4 150,C>OO 5.()00 40,WO 160,567 7,000 30,000 25,708 24.911 6,037 5,752 13,732 5,575 50,678 50,191 36.610 36,610 150.000 150,000 503,629 4,211 873.442 1,140,847 132} 141,124) 144,3881 13,8461 137,5721 118.(M)21 (7,0581 2,803 40,640 105,612 1,154 2,428 142,565 58 17971 12851 (8,1571 {4851 775,246 Page27