## **Charity Registered Number: 1178315 Company number CE014054** ## **THE ARMITAGE FOUNDATION** **Income & Expenditure Statement** **1st September 2020 to 31[st] August 2021** 1 ## **THE ARMITAGE FOUNDATION** ## **Reports and accounts Contents** Contents REFERENCE AND ADMINISTRATIVE DETAILS .......................................................................................... 3 STRUCTURE, GOVERNANCE AND MANAGEMENT .................................................................................. 3 OBJECTIVES AND ACTIVITIES ................................................................................................................... 4 ACHIEVEMENTS AND PERFORMANCE .................................................................................................... 4 FINANCIAL REVIEW ................................................................................................................................. 5 Statement of Income & Expenditures ..................................................................................................... 7 Balance Sheet as at 31[st] August 2021 ..................................................................................................... 9 2 ## **THE ARMITAGE FOUNDATION** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED FORM 1[ST] SEPTEMBR 2020 TO 31[st] AUGUST 2021** The Trustees present their report with the financial statements of the Charity for the year ended 31[st] August 2021. ## REFERENCE AND ADMINISTRATIVE DETAILS **Registered Charity Number:** 1178315 **Principle Address:** 93 ONSLOW ROAD HERSHAM WALTON-ON-THAMES KT12 5AY Tel: 07961 026 732 Email: leadership@armitagefoundation.com Website: www.armitagefoundation.com ## **Trustees:** Dr Leanne Armitage - Director Mr Daniel Huf - Director Ms Veronica Martin Ms Cerys Ledger Ms Georgina Wells Dr Omowunmi Akindolie Mr Adam Gordon (Appointed 01.01.2021) ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## **Type of governing document (trust deed, royal charter)** Constitution ## **How is the charity constituted?** The Armitage Foundation is a CIO. **Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees.** The current board of trustees is empowered to appoint any further trustees through a simple majority and any quorate meeting. 3 ## OBJECTIVES AND ACTIVITIES ## **Purpose of the Charity** To equip and empower young people from underrepresented and disadvantaged backgrounds to study courses at higher education, which will lead to specialised professions (medicine). ## **Activities of the Charity** The Charity designs and delivers a medical outreach programme to students from low socioeconomic and underrepresented backgrounds, who could have the aptitude and desire to study medicine. The Charity empowers, educates and inspires young people, equipping them with the skills and tools that they need to successfully apply to study medicine. ## **Public Benefit Statement** As trustees of the Charity we have complied with our duty under Charity Law to have due regard to guidance published by the Charity Commission on public benefit. As well as directly benefitting the young people who take part in its medical outreach programmes, the Charity benefits society as a whole by challenging the norm and promoting equality and diversity in the medical profession in the future. ## ACHIEVEMENTS AND PERFORMANCE **Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole** . The last year has seen The Armitage Foundation delivered to 49 students in five schools, in partnership with two universities: King’s College, London and St Georges, University of London. In addition to the 49 Armitage Juniors participants, we worked with 18 Armitage Ambassadors (15 plus 3 reserves) – medical students paid by the university and eight teachers. Secondary beneficiaries included an estimated 245 friends and family members, bringing our total estimated reach to 320. As a result of ongoing Covid restrictions, the sessions were conducted online. End of year one evaluations show a considerable impact, which is expected to increase by the end of the second year. ## **Staffing** During the period, we worked with four interns via funding from Reading University. These interns helped in the creation of a brochure, assisted in programme coordination, social media, and the production of an end of year report. Together, the interns provided approximately 420 hours of work supporting marketing and operations. Our Strategic Development Manager, Adilla AlleboneParish, moved from freelance to staff member in January 2021 and was promoted to Programmes Director in July 2021. Currently working an average of 20 hours per week, the Foundation’s number of FTE staff is 0.5 at present (excluding internships). ## **Future plans** We have spoken to additional universities about potential partnerships for the coming academic year and hope to formalise partnership with at least one additional university. We will continue with 4 Armitage Juniors year two with existing universities, with an intention to expand our work with KCL by delivering Juniors in two Kent schools. Initial investigations into the potential for a set of programmes led to the procurement of a digital agency to conduct a Discovery phase; funding for this will be sought in 2021/22. ## **Partnership building** We are aware of the wealth of knowledge and skills in the Education and Medical sectors and will strive to build relationships and partnerships which will be mutually beneficial and help us to have the maximum possible impact. The last year has seen us building relationships with relevant organisations and individuals, and we will continue to do so. ## FINANCIAL REVIEW ## **Summary of Expenditure** It is our intention to spend every penny donated to The Armitage Foundation with the greatest care. Our ultimate aim is sustainability. Once again, expenditure is limited as much as possible; the majority spend is on our Programmes Director, most of which comes from restricted income. ## **Statement explaining the policy for holding reserves stating why they are held.** It is policy for the organisation to hold reserves that will enable us to function for the next 3-month period without additional income or support; the Trustees believe that the unrestricted funds are adequate for this purpose. ## **Amount of reserves held.** Restricted and Unrestricted funds at year end stood at £39,070, £28,832.27 of which are unrestricted funds allocated towards the ongoing development and coordination of the second year of Armitage Juniors and development of Seniors and Scholars. ## **FUNDS HELD AS CUSTODIAN TRUSTEES ON BEHALF OF OTHERS** NONE ## **Exemptions from disclosure** NONE ## **STATEMENT OF THE TRUSTEES** The Trustees declare that they have approved the Trustees’ Report above. Signed on behalf of the Charity’s trustees **Signature(s):** **Full name(s): Daniel Huf Leanne Armitage** **Position: Chair of Trustees & COO Co-Founder & CEO** **Date: 30[th] September 202** ## **THE ARMITAGE FOUNDATION** ## Statement of Income & Expenditures ## **Income:** ## **Donations / Sponsorships** ||**Total funds**|**Restricted**|**Unrestricted**|2020| |---|---|---|---|---| |||||(8 Months )| ||£|£|£|£| |Amazon Europe Core|7.33||7.33|| |Capital Partners ltd Armitage hosting|5.00||5.00|| |Doner Ltd|2.82|2.82||| |Garfield Weston|10,000.00|10,000.00||| |Medway NHS|10,000.00|10,000.00||| |Regular Donations|1,383.57||1,383.57|| |The Funding Network|24,466.25||24,466.25|| |University of Reading Intern Grant|3,150.00|3,150.00||| |King's College University London - Donations|2,513.00||2,513.00|| |St George's University of London - Donations|2,045.37||2,045.37|| |Adilla Allebone-Parish - Donations|695.00||695.00|| |Tally Accountants Ltd – Donations|
1,800.00||1,800.00|| |**Total Income**|**56,068.34**|**23,152.82**|**32,915.52**|**4,039.00**| 7 ## **EXPENDITURES:** |**EXPENDITURES:**|||| |---|---|---|---| |Total Wages including Programmer Manager
Training
Resources
Accountancy Fee
**Total Expenditure**
**Total Surplus / (Deficit)**|**Total funds**
£
17,380.03
86.04
4,887.34
1,800.00|**Restricted**
£
14,957.67
86.04
4,887.34|**Unrestricted**| ||**24,153.41**|**19,931.05**|**4,222.36**
**6,160.00**| ||||| ||**31,914.93**|**3,221.77**|**28,693.16**
**(2,121.00)**| 8 ## **THE ARMITAGE FOUNDATION** Balance Sheet as at 31[st] August 2021 **Current Assets: £** Bank Balance 39,070 **Total Current assets** 39,079 **Total Reserve: 39,070** 9 ## **Page 1** ## **THE ARMITAGE FOUNDATION** Statement of Income & Expenditures 31/8/2021 **Income:** ## **Donations / Sponsorships** £ Amazon Europe Core Capital Partners ltd Armitage hosting Doner Ltd 10,000.00 Garfield Weston 10,000.00 Medway NHS Regular Donations The Funding Network 24,466.25 University of Reading Intern Grant King's College University London – In kind St George's University of London – In kind Adilla Allebone-Parish – In kind Tally Accountants Ltd – In kind **56,068.34 Total Income** Page 2 **----- Start of picture text -----**
EXPENDITURES: 31/8/2021
Total Restrict Unrestric
funds ed ted 2020
(8
Months )
£ £ £ £
Total Wages including Programmer 14,957.6
Manager 17,380.03 7 2,422.36
Training 86.04 86.04
Resources 4,887.34 4,887.34
Accountancy Fee 1,800.00 1,800.00
19,931.0
Total Expenditure 24,153.41 5 4,222.36 6,160.00
28,693.1
Total Surplus / (Deficit) 31,914.93 3,221.77 6 (2,121.00)
**----- End of picture text -----**
## **Page 3** ## **THE ARMITAGE FOUNDATION** |Balance Sheet as at 31stAugust 2021|Balance Sheet as at 31stAugust 2021|Balance Sheet as at 31stAugust 2021|Balance Sheet as at 31stAugust 2021|Balance Sheet as at 31stAugust 2021| |---|---|---|---|---| |||||| |||||| |||||| |**Current Assets**
**: £**||||| |||||| |Bank Balance
39,070||||| |||||| |**Total Current assets**|||39,079|| |**Total Reserve:**
||**39,070**||| |||**39,070**||| ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** > **Report to the trustees/** THE ARMITAGE FOUNDATION **members of** > **On accounts for the year** 31[St] August 2021 **Charity no 1178315 ended (if any)** > **Set out on pages** Page 1 & 2 : Income & Expenditure as at 31/8/2021 Page 3: Balance Sheet as at 31/8/2021 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 /08/2021. **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 03/12/2021 **Name:** Sam Simon Chartered Management Accountants **Relevant professional qualification(s) or body** CIMA member in practice number: 1 - OEDL **(if any): Address:** Top Floor, College House 17 King Edwards Road Ruislip, Middx, HA4 7AE, UK **October 2018** 1 **IER** **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . N/A **October 2018** 2 **IER**