REGISTERED CHARITY NUMBER: 1178315
The Armitage Foundation
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 August 2022
R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
Contents of the Financial Statements for the Year Ended 31 August 2022
The Armitage Foundation
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Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
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Report of the Trustees for the Year Ended 31 August 2022
The Armitage Foundation
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To equip and empower young people from underrepresented and disadvantaged backgrounds to study courses at higher education, which will lead to specialised professions and providing information and holistic understanding about such professions, including, but not limited to, the medical profession.
Significant activities
The Charity designs and delivers medical outreach programmes 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
As well as directly benefitting the young people who take part in its medical outreach programmes, the Charity benefits society as a whole. It does this by promoting equality and diversity within the medical profession, so that future doctors better reflect the diverse society that they serve, and people from all backgrounds are able to seek medical advice from professionals to whom they can relate. It also serves to enhance social mobility by increasing access to the medical profession for students who come from low socioeconomic backgrounds.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The last year has seen The Armitage Foundation deliver programmes to 67 students in six schools, in partnership with two universities: King's College, London and St Georges, University of London. In addition to the 67 Armitage Juniors participants, we worked with 18 Armitage Ambassadors - medical students paid by the university - and eight teachers. Secondary beneficiaries included an estimated 347 friends and family members, bringing our total estimated reach to 432.
As a result of Covid restrictions, the sessions were conducted online. End of programme evaluations show considerable impact, which we expect to continue as we work with increasingly large cohorts.
During the period, we worked with five interns via funding from Reading University. These interns helped with social media and undertook research projects into digital platforms and fundraising opportunities. Together, the interns provided 700 hours of work supporting marketing and operations.
We successfully recruited a Programme Coordinator for eight hours per week, term time only, however the successful candidate secured another position so resigned after 6 weeks. We readvertised this post in August 2022 and successfully recruited for September.
Our CEO (previously Programmes Director), Adilla Allebone-Parish, has continued to work 20-24 hours per week, with an extra eight hours' administration and programme coordination per week. Thus, excluding internships, the Foundation's number of full-time employees at the end of the year was 0.75.
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The Armitage Foundation
Report of the Trustees for the Year Ended 31 August 2022
FINANCIAL REVIEW
Financial position
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 spent is on our CEO (previously Programmes Director), most of which comes from restricted income.
Reserves policy
As an ambitious organisation with plans for significant growth, and hence expenditure, year on year, it is policy for the organisation to aim to hold reserves up to an amount that will enable us to function for the next 12-month period without additional income or support; the Trustees believe that the unrestricted funds are adequate for this purpose.
Restricted and unrestricted funds at the year end stood at £53,964, £42,601 of which are unrestricted funds allocated towards the ongoing development and coordination of our programmes.
FUTURE PLANS
Since the balance sheet date, Daniel Huf has stepped down as COO and Leanne Armitage stepped down as CEO. Leanne Armitage became COO, Adilla Allebone-Parish became CEO and Daniel Huf remained as Chair of Trustees.
We will continue to explore digital platforms and investigate partnerships which could help facilitate this. To enable a focus on fundraising we have secured a freelance fundraiser for one day a month for an initial 6-month period. Costing £700 a month, the fundraiser is expected to raise over £40,000 in the year to 31 August 2023.
The charity has also advertised for two further trustees for finance and lived experience. At the time of approval, the Foundation is in the process of recruiting at least one Finance Trustee to help the board to provide strong financial and strategic leadership.
Over the past year we have spent considerable time speaking to universities and finalising Memoranda of Understanding. We have two new partner universities confirmed for the year 2022/23, with a third in the final stages of discussion. This will see us working with an additional seven schools, reaching at least seventy more young people in the coming year.
We will continue to deliver Armitage Juniors in four London schools and will launch Armitage Seniors, for young people in year 10, in the same schools.
We hope to launch a small digital pilot to allow us to test future potential and will continue to actively seek potential partnerships that will allow us to fulfil our digital ambitions.
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.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document and charity constitution
The charity is controlled by its governing document and constitutes a charitable incorporated organisation which was registered 9 May 2018.
Recruitment and appointment of new trustees
Dr L D Armitage and Mr D Huf were appointed as trustees indefinitely on the formation of the charity. Other trustees generally serve a term of three years. Any person retiring as a trustee of the charity is eligible for reappointment.
The current board of trustees is empowered to appoint further trustees through a simple majority at any properly convened quorate meeting of the charity trustees.
The charity has a formal trustee recruitment policy and new trustees are identified, appointed, and onboarded in accordance with this policy.
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Report of the Trustees for the Year Ended 31 August 2022
The Armitage Foundation
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustees meet regularly throughout the year when major decisions concerning the charity are made including changes to the charity's operational direction and procedural changes and commitment to expenditure other than the normal operational expenses.
The day to day running of the charity is delegated by the trustees to the chief executive officer, Mrs A Allebone-Parish.
Key management remuneration
The trustees consider the charity's trustees along with the chief executive officer to be the key management personnel.
The trustees give their time freely and received no remuneration and were not reimbursed any expenses during the year. The pay of other key management personnel is set by the trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have considered the major risks to which the charity is exposed and systems have been established to mitigate those risks. The trustees meet regularly to review these risks and keep updated the plans to minimise the impact on the charity should any of these risks materialise.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1178315
Principal address
12 Lenwood Park Bideford Devon EX39 3PD
Trustees
Dr L D Armitage COO Mr D Huf Chairman Ms O Akindolie Mr A R Gordon Ms V Martin Ms G H J Wells Ms C L Ledger (resigned 4.10.22)
Independent Examiner
Edward Meardon FCA R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
Chief Executive Officer
Mrs A Allebone-Parish
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Report of the Trustees for the Year Ended 31 August 2022
The Armitage Foundation
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by order of the board of trustees on 4 May 2023 and signed on its behalf by:
Dr L D Armitage - Trustee
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Independent Examiner's Report to the Trustees of The Armitage Foundation
Independent examiner's report to the trustees of The Armitage Foundation
I report to the charity trustees on my examination of the accounts of The Armitage Foundation (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Edward Meardon FCA
R T Marke & Co Ltd Chartered Accountants 69 High Street Bideford Devon EX39 2AT
10 May 2023
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The Armitage Foundation
Statement of Financial Activities for the Year Ended 31 August 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 29,274 25,216 EXPENDITURE ON Raising funds 437 1,123 Charitable activities 3 Charitable activities 19,655 15,952 Other 2,429 - Total 22,521 17,075 NET INCOME 6,753 8,141 RECONCILIATION OF FUNDS Total funds brought forward 35,848 3,222 TOTAL FUNDS CARRIED FORWARD 42,601 11,363 |
2022 Total funds £ 54,490 1,560 35,607 2,429 39,596 14,894 39,070 53,964 |
2021 Total funds £ 56,068 |
|---|---|---|
| 2,125 19,958 2,070 |
||
| 24,153 | ||
| 31,915 7,155 |
||
| 39,070 |
The notes form part of these financial statements
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The Armitage Foundation
Balance Sheet 31 August 2022
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Cash at bank 43,501 11,363 CREDITORS Amounts falling due within one year 8 (900) - NET CURRENT ASSETS 42,601 11,363 TOTAL ASSETS LESS CURRENT LIABILITIES 42,601 11,363 NET ASSETS 42,601 11,363 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 54,864 (900) 53,964 53,964 53,964 42,601 11,363 53,964 |
2021 Total funds £ 39,070 - |
|---|---|---|
| 39,070 | ||
| 39,070 | ||
| 39,070 | ||
| 35,848 3,222 |
||
| 39,070 |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 May 2023 and were signed on its behalf by:
Mr D Huf - Trustee
Dr L D Armitage - Trustee
The notes form part of these financial statements
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The Armitage Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Support costs comprise those costs related, but not directly attributable, to charitable activities.
Governance costs comprise the cost associated with regulatory and compliance matters including compiling the charity's financial statements.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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The Armitage Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
1. ACCOUNTING POLICIES - continued
Going concern
Having regard to the charity's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the trustees consider that it is appropriate to prepare the financial statements on the going concern basis.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |
|---|---|
| 2022 £ Donations 16,274 Grants 38,216 54,490 Grants received, included in the above, are as follows: 2022 £ BMA 5,000 The GC Gibson Charitable Trust 3,706 University of Reading intern grant 6,510 Garfield Weston Foundation 10,000 Medway NHS - Leather Sellers Company 3,000 Kusuma Trust UK 10,000 38,216 CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 4) £ £ Charitable activities 34,941 666 |
2021 £ 32,918 23,150 |
| 56,068 | |
| 2021 £ - - 3,150 10,000 10,000 - - |
|
| 23,150 | |
| Totals £ 35,607 |
3. CHARITABLE ACTIVITIES COSTS
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The Armitage Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
4. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Other resources expended | - | 2,429 | 2,429 |
| Charitable activities | 666 | - | 666 |
| 666 | 2,429 | 3,095 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
6. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Administration No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 32,915 EXPENDITURE ON Raising funds - Charitable activities Charitable activities 2,152 Other 2,070 Total 4,222 NET INCOME 28,693 |
2022 £ 26,972 26,972 2022 1 Restricted funds £ 23,153 2,125 17,806 - 19,931 3,222 |
2021 £ 17,025 17,025 2021 1 Total funds £ 56,068 2,125 19,958 2,070 24,153 31,915 |
2021 £ 17,025 17,025 2021 1 Total funds £ 56,068 2,125 19,958 2,070 24,153 31,915 |
|---|---|---|---|
| 2,125 19,958 2,070 |
|||
| 24,153 | |||
| 31,915 |
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The Armitage Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 7,155 | - | 7,155 | ||
| TOTAL FUNDS CARRIED FORWARD | 35,848 | 3,222 | 39,070 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Other creditors | 900 | - | |||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.9.21 | in funds | 31.8.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 35,848 | 6,753 | 42,601 | ||
| Restricted funds | |||||
| BMA | - | 5,000 | 5,000 | ||
| The GC Gibson Charitable Trust | - | 3,706 | 3,706 | ||
| University of Reading | 238 | 2,419 | 2,657 | ||
| Medway NHS | 2,984 | (2,984) | - | ||
| 3,222 | 8,141 | 11,363 | |||
| TOTAL FUNDS | 39,070 | 14,894 | 53,964 |
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Notes to the Financial Statements - continued for the Year Ended 31 August 2022
The Armitage Foundation
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,274 | (22,521) | 6,753 |
| Restricted funds | |||
| BMA | 5,000 | - | 5,000 |
| The GC Gibson Charitable Trust | 3,706 | - | 3,706 |
| University of Reading | 6,510 | (4,091) | 2,419 |
| Garfield Weston Foundation | 10,000 | (10,000) | - |
| Medway NHS | - | (2,984) | (2,984) |
| 25,216 | (17,075) | 8,141 | |
| TOTAL FUNDS | 54,490 | (39,596) | 14,894 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.9.20 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,155 | 28,693 | 35,848 |
| Restricted funds | |||
| University of Reading | - | 238 | 238 |
| Medway NHS | - | 2,984 | 2,984 |
| - | 3,222 | 3,222 | |
| TOTAL FUNDS | 7,155 | 31,915 | 39,070 |
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Notes to the Financial Statements - continued for the Year Ended 31 August 2022
The Armitage Foundation
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 32,915 | (4,222) | 28,693 |
| Restricted funds | |||
| University of Reading | 3,150 | (2,912) | 238 |
| Garfield Weston Foundation | 10,000 | (10,000) | - |
| Doner Ltd | 3 | (3) | - |
| Medway NHS | 10,000 | (7,016) | 2,984 |
| 23,153 | (19,931) | 3,222 | |
| TOTAL FUNDS | 56,068 | (24,153) | 31,915 |
The BMA restricted fund is for the Armitage seniors programme in London.
The GC Gibson Charitable Trust restricted fund is for medical equipment which will be included in fixed assets.
The University of Reading restricted fund is in place to fund interns.
The Garfield Weston Foundation restricted fund is for the development and delivery of Armitage Juniors Pilot (year two).
Medway NHS restricted fund income is for the Armitage juniors programme in Medway.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
11. CHARITY STATUS
The charity is a charitable incorporated organisation and consequently does not have share capital.
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The Armitage Foundation
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 16,274 | 32,918 |
| Grants | 38,216 | 23,150 |
| 54,490 | 56,068 | |
| Total incoming resources | 54,490 | 56,068 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 1,530 | 1,860 |
| Sundries | - | 43 |
| Website expenses | 30 | 222 |
| 1,560 | 2,125 | |
| Charitable activities | ||
| Wages | 24,602 | 14,325 |
| Sundries | 127 | 194 |
| Ambassadors | 10,182 | 4,558 |
| Website expenses | 30 | 222 |
| 34,941 | 19,299 | |
| Support costs | ||
| Management | ||
| Wages | 570 | 570 |
| Insurance | 96 | 89 |
| 666 | 659 | |
| Governance costs | ||
| Wages | 270 | 270 |
| Trustee meeting costs | 1,259 | - |
| Accountancy and legal fees | 900 | 1,800 |
| 2,429 | 2,070 | |
| Total resources expended | 39,596 | 24,153 |
| Net income | 14,894 | 31,915 |
This page does not form part of the statutory financial statements
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