## **Trustees’ Report**
## **Year ended 30 June 2024**
Charity number: 1178019
## **Information**
Trustees in office for the period 1 July 2023 to 30 June 2024:
Rosanna Smith Nathan Brooker Prasanna Kannan Gavin Auty
Charity number: 1178019
Registered Office: 118 Mildmay Avenue, London, N1 4FE
## **Trustees’ Report**
The trustees are pleased to present their annual trustees’ report of the charity for the year of operations from 1 July 2023 to 30 June 2024.
## **Structure, governance and management**
Decade On is a Charitable Incorporated Organisation (CIO) governed by its Constitution dated 6 August 2017. It is registered as a charity with the Charity Commission.
The charity had four trustees throughout the period, three of whom were appointed at the time of registration with the Charity Commission, and the fourth being appointed during the financial year 2020 to replace a Trustee who resigned.
Trustees are appointed in line with the Constitution, as follows:
(1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Objectives and activities**
The objective of the CIO is to help young people (18+) understand and be better prepared to enter the workforce by providing practical and relevant careers advice.
In shaping the objectives, the trustees have considered the Charities Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’. We have outlined the problem we are trying to fix, and our proposed solution, as follows:
Defning the problem:
Social mobility is a major problem in the UK. Just 7% of students are privately educated, and yet, they are hugely over-represented in the top professions, accounting for 50% of journalists; 60% of doctors; and 70% of barristers.
## Our solution:
The Sutton Trust’s 2019 report on ‘Elitist Britain’ recommends that to tackle issues of social mobility high-quality careers advice needs to be available to young people from all backgrounds. All pupils should receive a guaranteed level of careers advice from professional impartial advisers. But we do not believe this is being done.
What we offer: We provide the most up-to-date, relevant, advice possible.
## **Achievements and performance**
We have maintained the strong foundations established through the earlier development of the charity and the delivery of a proof of concept. Around 50 mentors have signed up to Decade On, with mentee connections established and positive feedback received. The charity’s focus is now on securing funding to support operational management, marketing, and design, in order to drive future growth and help more young adults into the job market. Additional support will be critical to securing the resources needed for the next phase.
## **A financial review**
Operational costs were minimised, as we looked for additional funding to be able to expand. We were grateful to receive funding from KPMG LLP.
During these initial years, our reserves policy will be to build up reserves so that goingforward, that charity has six months’ operating costs held in reserve.
## R. Smith
Rosanna Smith
Trustee
## 28.04.2025
||**Decade On**|**Decade On**|**Decade On**|**Decade On**|**Decade On**|**1178019**|**1178019**||**CC16a**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||**Receipts andpayments accounts**|||||||||
||**For the period**
**from**||Period start date||**To**||Period end date|||
||||01/07/2023||||30/06/2024|||
|||||||||||
|**Section A Receipts and payments**||||||||||
||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**||**Total funds**||**Last year**|
||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|
|**A1 Receipts**||||||||||
||**60**||**-**||**-**||**60**||**560**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
|**_Sub total_**_(Gross income for AR) _|
**60**||**-**||**-**||**60**||**560**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**- 0**||**- 0**||**- 0**||**-**|||
||**- 0**||**- 0**||**- 0**||**-**||**- 0**|
|**_Sub total _**|
**- 0**||**- 0**||**- 0**||**-**||**- 0**|
|||||||||||
|**_Total receipts_ **|
**60**||**- 0**||**- 0**||**60**||**560**|
|||||||||||
|**A3 Payments**||||||||||
|Website|**- 0**||**-**||**-**||**-**||**400**|
|Insurance|**- 0**||**-**||**-**||**-**||**96**|
|Bank charges|**60**||**-**||**-**||**60**||**60**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
||**- 0**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|
**60**||**-**||**-**||**60**||**556**|
|||||||||||
|**A4 Asset and investment**
**purchases,(see table)**||||||||||
||**- 0**||**- 0**||**- 0**||**-**|||
||**- 0**||**- 0**||**- 0**||**-**|||
|**_Sub total_ **|
**-0**||**-0**||**-0**||**-**||**- 0**|
|||||||||||
|**_Totalpayments_ **|
**60**||**- 0**||**- 0**||**60**||**556**|
|||||||||||
|**_Net of receipts/(payments)_ **|
**- 0**||**-**||**-**||**-**||**4**|
|**A5 Transfers between funds**|**- 0**||**-**||**-**||**-**||**-**|
|**A6 Cash funds lastyear end**|**- 0**||**-**||**-**||**-**||**-**|
|**_Cash funds thisyear end_ **|
**- 0**||**-**||**-**||**-**||**4**|
|||||||||||
|||||||||||
|**Section B Statement of assets and liabilities at the end of the period**||||||||||
|**Categories**|**Details**||||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**|
||||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B1 Cash funds**|||||**79**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||**_Total cash funds_**||||**79**||**-**||**-**|
CCXX R1 accounts (SS)
28/04/2025
1
||(agree balances with receipts and payments
account(s))|(agree balances with receipts and payments
account(s))|(agree balances with receipts and payments
account(s))||Agreement Error|Agreement Error|OK|OK|OK|
|---|---|---|---|---|---|---|---|---|---|
||||||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**|
||**Details**||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B2 Other monetary assets**|||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which asset**
**belongs**||**Cost (optional)**||**Current value**
**(optional)**|
|**B3 Investment assets**|||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which asset**
**belongs**||**Cost (optional)**||**Current value**
**(optional)**|
|**B4 Assets retained for the**
**charity’s own use**|||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**|
|**B5 Liabilities**|||||||**-**|||
||||||||**-**|||
||||||||**-**|||
||||||||**-**|||
||||||||**-**|||
|||||||||||
|Signed by one or two trustees on behalf
of all the trustees|Signature||||Print Name||||Date of approval|
||R Smith||||R Smith||||28.04.25|
|||||||||||
CCXX R2 accounts (SS)
28/04/2025
2