THE WICKERS CHARITY Charity No. 1178580 IRggi$tergd Charity in England and Walgs) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
The Wickers Charity Contents Page Page Legal and AdminislratN8 Inform*vJn Trustees, Report Independenl Examinerf$ Report ststement of Financial ActNities Balance Sheet Notes lo ts Financi81 Slalemenls 9-13
The Wickers Charity Legal and Administrative Information TrnstÈes'. W. Henry H. Smith C. Rey01$ T. Matchett (resigned 22 January 20241 R•glstsred Offlco: Ironyid Works Suite 5 19 Willow Street London EC2A 4BH Charity Number. 1178580 (Registered Charty in England and Wales) lTrdopend•nt Examlner. Steve Rushmer (For and on behalf ofj Moore lQngston Smith LLP Chartered Accountants 9 Appold Street London EC2A 2AP Bank•Ys: Lloyds Bank PLC 25 Gre$hom Street London EC2V 7HN Govemlng Document The Charity is constituted as a Charitable Incorpofaled Ofganisation by its corbStibJtion dated 31 May 2018. The financial statements comply wth statutory requirements and the Charivs goveming documents. Trustee Induction and Tralnlng The above mentioned Trustees were appointed accordiNJ lo the (dureS lavj down in the Con$titutKJn. Future Trustees shall be appointed by a resolution passèd at a propèrly convened meeting of the Charity Trustees. New Tru8tee3 are briefed on their lagal obligations under charity law. the content of the Constitution. decision making processes and the recent performance of the Charity. In s61eth.ng persons lo be appe4nted as Trustees, ts Charity Trustees shall take into account the benefits of appointing a person vkno is able by virtue of his pgrsonal and l or professional qualifications lo make a contributh)n to the pursuit of the objects or the management of the Charty. New Trustees must be appointed by a resolution passed at a propedy convened meeting of the Charity Trustees. Page: I
The Wickers Charity Trustees. Report For the year ended 31st August 2023 The Trustees present their report arKI the financial Statements for the year ended 31 August 2023. The T$t5 nfIrM th the Annual report and finanal statements of the Charity comply with the current Statutory requirements. the requirements of the chartys goveming d¢xument arKI the provisions of Accounting and Reporting ty Charitie5: Statement of Recommended Pr&tice Applicable to Charities preparing their acLounts in accordance wf(h the financial reportin9 ¥tandard 8Fpli¢able in ihe UK and Republic of IreL8nd The FRS 102 Cttaritie8 SORP, publlshed on 16 Juty 2014. Tru$t••s The Truste Seed through the year were: W. Henry H. Smrth C. Reynolds T. Matehett Oble¢tlve8 Th8 Trustees shall holj the re8eNes and Incorr upon trust to appty them for Ihe follcthlng objects.. To rel¥ tha number of young people entering the criminal justiea systèm, with partular emphasis on reducing the likelih¢)od of young p8opl8 being involved in gangs. gun crimes or knife crimes in L¢n, through the provision ot. EducatNJn wort(8hop8', mentoring services., counselling service5- welleing services., opportunities lo play team 8P¢Xts; training in empl¢)yabilty ar job-seeking.. and any other means that meets the overall charitable objects. Prlncipal Activity Tha principal activity during the period was the provision of faeililies and services lo raduc8 th8 number of young people antaring the criminal justice system. The Trustees confimi that when planning activities thgy have considered the Charity Commissw's guidance on publiG benefrt. inciuding the guidance'Publie 8enefrt'. running a Chanty {PB21'. Restrictions Imposed by th9 Charty'5 govorning docum8nt: 11 In raising funds the Trustees shall not undertake any substantlal permanent Irading activity arKI shall conform to any relevant slalulory regulatKJns. ill All cheques and ordeTS for the pwent of money from the Charity bank 8¢counl shall be approved by at least one Trustee and the Operations Manager. Organlsatlonal StTUCture Tha chanty is govemed by the Board of Tru8te88 are responsible for th8 govemance aTrJ Ihg strategK diroction of the organtsation. Page- 2
The Wickers Charlty Trustees, Report For the year ended 31st August 2023 (Continued) Rovlw of actlvlllos. achlevements and performan¢o This report accompanios thè Financial Statements for 2023 and includes an overvw of the key odivf(ies of the Charity during the period under MeW. Th& achi0ments and performance of the Charty for the year are highlighted bebw. Wth reasonabLe notice. the files of the Charity are open to inspectK*n to any person. Reserrfes Pollcy In dgtemiining the ievgl of the reserves policy of the Charty the Trustees have consijered the level of the operating expense required. The total reseryes al the year end of £88,678 includes reStrted funds carried fOard of £4,228, consisting mgstly My Ends, grant to bg spent on after school activf(ie5, mentoring & employability progfams. The balance of £84,450 entirely comprises of general unrestrKted fvnds which are avaiLqble for the Charitys general purposes including its general running costs and projects. In 2022, the reserves baL8e ol £99,101 ineluded £95,438 unrestittèj reserves. The level of free reserves has decreased since the previous year, and is Slrflicient lo cover the anticipated running costs for the nexi few months wth corporat8 sponsorship and grants alfeady secured for the ngxi flnancial year. The Trustees 8nlicWe the Charity can continue to operate self-sufficièntty- Results for the PeTiod During the Perd, the Charity recelved Income of £673.064 {2022.' £508,385}. The Irme ofthe Chaiity ha8 Increased sKJnrficanUy following successful fundraising events like The Great Gatsby Boxing 2023. The Charty made a {def¢illl8urplus of1£10.423} {2022.- £32.3091. At the year end £129,116 {2022: £83,732) cash held in the Charktys bank Ount. Th& Trustegs provided their services to the charity free of charge in the year and these services have nol been quantified or refiected in the a0vnI$. The Wickers Charty continues to creale a strong foundatK•n for future grh and the building of this foundation will be integral lo the Charity achieving its mission in the future. Some key achievements of the Chanty include.. The provision of a schedule of actlvltlgs for the young Peop in Hackney. The Charity continu68 to provide a scheduk of activfties for young people in the area. offering guidance and mentoring, educational workshops, leisure activities and a sccial hub for youths. This year, the Charity has also started to offer more empbyabilty workshops as the Charty seek8 to keep young people off of the streets by giving them learning and eaming opportunities. The Charty has eontinued to increase its outreach in the local community and further afield. The Charty n¢)w works closely with other parties, such as local schcKJls, the Metropolrtan Police Force and other Local Authorities to addres$ the issues of knrfe cnme and gang WOnee. Page: 3
The Wickers Charity Trustees. Report For the year ended 31st August 2023 (Continued) Results for thè Pèriod {continued) Corporato Gponsorshlp and fundlng In last yearfs report we hhlIghted Ihe Charity lo ba entirely Sdf-Iund. Through the team's hard work and dedi(atFon in wuring sponsorships, grants and donations, the Charity continue to be operating $eW- sufficiently. The Charity se¢u(ed £223.471 of grant funding during the year including £139,276 of My End Fundlng set aside to help after sch1 actwities, mentoring and employability. Partnershlps wlth Ilke-mlnded organlsatlons The Charity is continuing to increase f(s outreach through partnerships wf(h other like-minded organisan8. For example, the Charity is paired wth lJ¥o CICS. One offets t)ng wlh the focus of getting young people off of the streets. The cAher offers football with a similar aim but also focussing on the mental behaviour aThJ devewment of young people through the provision of sports seTrices. We have also expanded the number of after School a¢tiwties and these are being held 1$ $tr8t•gi¢ places, wher8 w8 can attract the'hard to reach, children & young people. The charrty as also been a delivery partner for a consortium funded by the London Mayors Office to rgduGe olence in a specrfic ward in Hackney. This ha$ also helped us lo expand our reach and also build rdation8hips wlh other organi5alions within the ccmmunty. Areas of dov01opm¢nt There are thr88 main areas of development the Charity negds to continue to Vtsrk on in order to supwt Its puipose: 1. Deliverfng actNilies that keep young p¢¢)ple off of the street5 and build th•ir lrfe skills., 2. Pwding positive rote modds that give hope for a better Itfe and prepare the young F>eopl8 for a po8itwe future., and 3. Give to opportunrtigs for empbyment. Improvèment areas for the ngxt year 1. Increase staffing to expand on service delivery. 2. Partner with more schools in thg local bwghs to increase outreach. 3. Target n)ore Corates. for fundraising and employmonl ¢)pportunities. Pa8e: 4
The Wickers Charity Trustees, Report For the year ended 31st August 2023 (Continued) Ttee9. Responsibilities SL*ement The Trustees are responsible for preparing the Trustee5' Report and the financrdl slalements in accordance with the applicable law and Unf(ed Kingdom Accounting Practices (Unrted Kingdom Generalty Accepted Accounting Practice), including FRS102'The Financk81 Reporting Standard Applicable in the UK and Republic of Irend.. The law applicable to ¢harTties in England and Wa$ quireS Iruslees lo prepare financial st8temenl$ for eath financial period which give a true and fair view of the state of the affairs of the Charity and of the inming resources and application of Tesource5 of the Charity for that Pgriod. In preparing these financial statements. the Trustees are required to.. select surtable &countlng policie8 and then appty them nsIstent. observe the methods and principles in the Charrties SORP,. make judgements and estimates that are reasonable and prudent. $tate whether applicabk UK accounting standards, including FRS 102 have been folkhved, subject to any material departures disclosed and expLqined in the financial ststements- prepare the financial statements on the going concern basis nsS it is inapproprhqte to presume that the Charty will continue in business. The Trustees are iesponsible for keeping adèquate accounting rocord$ that are sufficient to show and explain the charittys transactions and disclose with reasonable accuracy al any lime the financial position of the Chanty and enable thgm to ensure that the financial statements Gomply wr¢h the Charities Act 2011, the Charity (Accounts and Reports) RegUlatnS 2008 and the provisions of the Charity Commissbn. They are also responsib for safeguarding the assets of the Ch¥rrty ond hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee8 are responsible for the maintenance and integrity of the Chartty and finaneial information included on the Charitys website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from lsIatIon in Otherjurisdictn8. This rep)rt Was approved by the Trustees on 26 Mah 2024 and signed on their behalf by. C. Reynolds Trustee Page: 5
The Wickers Charity Independent Examiner's Report For the year ended 31 August 2023 Independent examlnetr8 report to the trustees of Th• Wickers Charity I report to the Irustee8 on my examinatknn of the accounts of Ihe Charity for the year ended 31 August 2023. Responsibllilles and basls of rewrt As the ChariV$ Tn[eeS you are responsible for the preparatn of the account$ in accordance wrfh tha requirements of the Charities Act 2011 I'lhe Act'i. I report in re$peGt of my examination of th8 Tru81'8 accounts Carrth out undeT StIOn 145 of the 2011 Acl and in caThwng out my examination I hav8 followed all the appIlble Directions given by the Chatity Commi88ion under $tIOn 145151{bl of the Act. Independent gxaminevs statement Since the Charity8 gross income exceeded £250,000 In the year. your examiner must be a member of a body listed in section 145 of the 2011 Act, I confirm that l am qualifd to undertake the examination because l am member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matèrial matters have come lo my attention in connectic WI the examination gNing me cause to believe that in any material respect.. accounting re¢ord$ were not kept in respect of the TTUSt as required by S110 130 of thg Act,. or 2 the acccwnts do not accord wth those reGords,' or 3 the accounts do not compty with the applica)le requirements concerning tho fomi and content of accounts set out in the Charities (Accounts and Reports) ReguLglions 2008 other than any requirement that the accounts gNe a arwj fair Aew which is not a matter considered a5 part of an independent eXaminatn. I have no Co8[n$ and have come across no other matters in conn&tion with the examin1c to which attention should b¢ dwn in this report in order to enable a proper understanding of the accounts to be reache)J. L LL g Appold Strg8t London EC2A 2AP Dats: 27 March 2024 Steve Rushmer Independent Examiner For and on behaff of Moore Kingston Smith LLP Page: 6
The WiGkers Charlty Statement of Flnanclal Activities For the year ended 31st August 2023 Unrestrictsd Restrlcted Funds Fund8 2023 2023 Totsl 2023 In¢om Grants atyl donotions 218,981 673, Total Income 454,083 218,981 673,C64 Expendithre on: Raising Funds charitab adivities 239,585 225,488 239.585 443,902 218,416 Totsl ExnditUre 465,071 218.416 683,487 M•t l•xp•ndlturelllncome forthe period 110,9881 &%5 110,423) Total fuThJs brought foard 81 1st September 3,663 99,101 Total funds carried forward at 31st ugu$t 2023 4.228 88.678 UnTrslrirt8d Funds 2022 Restiicted Funds 2022 Total 2022 Note Income Grants and dcallonS 388,595 119,790 508,385 Total Income 388,595 119,790 SJ8,385 xpenditure on.. Raising Funds Charitae adw115 155,710 199,555 155,710 320,365 120,810 Total Expondlturo 355.265 120,810 476 075 Net Incomel(exp9ndlturg} for the period 33,330 (1.020) 32310 Total funds tKought fonvard at 1st September 62,108 4.883 66.791 Total funds ¢arrI lotward •t 31st August 2022 95,438 3,663 99. 101 All (lisdosures rElate only lo ti)ntininng operations. Th•rn are no recognised gains or105ses other than the net incomè lor th& pJ. Page: 7
The Wickers Charity Balance Sheet As at 31st August 2023 2023 2023 2022 2022 Curyent Assets DebtorB.' Amounts falling due wthin 1 year Cash al bank and in hand 38.243 129,116 167,359 53.175 83, 732 136,907 Credltors: Amounts falllng due wlthln on8 ygar 78,881 (37,806) Net Current Assets 88,678 99, 101 88,678 99. toi Funds General funds Irestrietedl Ggneral funds lunrestricled) 4,228 3,663 95,438 88,678 99, 101 The Fin8n¢ial stateménts were approved by the Trustees on 26 Mareh 2024 and stgned on their behaff by. C. Reynolds Trustee Charfty no. 1178580 Page: 8
The Wickers Charity Notes to the Financial Statements For the year ended 31st August 2023 Accountlng Policies Basls of preparatlon of flnanclal ststsmwnts The financial stslements have been prepared in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. published on 16 July 2014. The Charity 15 a public benefft entity for the purKKJses of FRS 102 and Ihefefore also prepargd its finanaal statements in ardance with the Slalemenl of Recommended Practice applicable lo charities preparing their aunt$ in accordance wlh the Financial Reporbng Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP} and the Charities Act 2011. The financial statements are prepared in slerfing. which is the functional ¢uNency of the company. Monetary amounts in these financial statements are rounded lo the nearest pound. Going Con¢•m Basis Thg financial statements have been prepared on a going concem basis. Having carried out a review of the Charitls resourc68 and the current ecOr)MiC challeng8s thng both th8 Chafty and its mèmbèrs the Trustees are satisfied that the Charity has gjfficient eash flows lo meet its liabilities as they fall due for al least one year from the date of approval of the finanaal statements. Crftlcal ac¢ountlng •stlmat•s and aroas of JudgomonL In the view of the Trustees in 8pplwng the accounting policies adopted, no judgements were required that have a signrficant effect on the anw)unts recognised in the finanaal statements. nor do any estimates or assumpttons made carry a significant risk of material adjustment in the next financial peiiod. Fund accounting General IrS are unrestricted funds lch are available for use al the discretion of the board of Trustees in furtherance of the general objective8 01 the charitable company and which have not been designated for other purposes. Restricted frJnds are funds that am to be used in accordan specific restrictions imposed by the donors or which have been raised by the charity for pafh"cular purposes. The cost of raising and administering such funds is charged against that specfflc furbd. The aim and use of each restricted fund is set out in the notes lo the finanual statements. Page: 9
The Wickers Charity Notes to the Financial Statements For the year ended 31st August 2023 Accountlng Pollcles Iconllnued) Income Income from charttable actNrti8s is included in th8 Statement of Financial Activths ISOFAI when the Charty has entrtlemenl over Ihe income, the receipt is prctjably and Incon can be measured r81iably. Inccffle from donations and grants is in¢luded en reeaived. Donations or grants for partlcular purposes are induded as Mtri¢ted fund$. Donated goods. fa¢llltles and 8ervlce8 Donalgd goods in the form of consumables are recognised in the period of receipt at cost to th8 vendor in both Income and 8XFenditure in thg SOFA. Expenditure Expendiiure is included in lh& SOFA on an accnjals basis. Costs of raislng funds comprise the costs of all fundraising actlviti&s and in¢reasing the profile of the ¢harity. Charitable activf(ies comprise ¢o$ts of ath"vib"es in furtherance of the charitys objectives. 11 indudes direct costs of activities and those costs of an indirect nature necessary to support those aclivities, all¢xated bewn exp8ndiiure calOrteS on an appropriate basis. Forelgn currenGy translation Monetary assels and liabilfcies denominated in forelgn currencies are translated into slerfing at the rates of exchange ruling at the balance sheet date. Transactions in foreign wrrencies are recorded at the rate ruling at the date of the transaction. Al differences are taken lo the SOFA. Cash at bank and In hand Cash includes eash In hand, deposits held at C811 b8nks, other short-term liquid inve8tmenl8 *lth original maturits'es of three months or less. and bank overdrafts. Baslc Fln•nGlal Instrum•nts The Charity only hokjs basic financial instruments 0$ defin8d by FRS 102. Financial instrumènts receIvae or payable within one year of tha reporting date are carried al their al transaction Pri and subsequently at anrtiSed c081. Page.. 10
The Wlckers Charity Notss to the Flnanclal Ststements For the year ended 31st August 2023 2 Qrwts and dyO Unr08trbctod 2023 RHlrf¢t8d 2023 T)ial 2023 Dty)atlon$ trom thlrd parues FUnttrng acllvttks Grant8 137.139 311.854 S.0 137.739 311,854 223,471 218.381 218.961 673.4 Total 2022 2022 20Z2 from third parts Fundraising acti1e? Grants 119,350 2fj0,59t 8.654 119,350 260,591 128.444 119.790 388.595 119.790 s.385 3 Exp•ndity 8upp¢)rt Costs 2023 Total 2023 2023 chatab Activilh•& COuMabS & EqL1pml TeacfErs. volunt8ers, act8$ Administrali¥e & Irtsur Prerr¥es COBts Staff. manaoement & admin 58.612 76,925 58.612 76.925 28.154 19,259 28.154 19,259 260,952 415.748 28.154 R•l¥lng Fund AppeaL3 for fu3 239,585 239.585 239,585 239,585 665,333 28,IS4 Clas8ttl¢d ••'. Restricted Unreslricted 216,416 .91T 218,416 465,071 28.154 Direct Costs 2022 Suppgrt Costs 2022 Tol81 2022 Chorflablg Consumables & Equipneni Tea¢her6. Volunte$. act•15 Administrab"ve & knsurance Premises costs Staff. rnanagent & •Jmin 13.766 76.666 13,765 76.666 18.533 79.599 191.801 320,365 18, 19,599 19t,80t 301,832 18.&73 R•lslng Funds peal8 frrffunds 155.710 155,710 154710 t5&710 457,542 18, 476.075 cIlf*d as.. RestDcied Unie5tricted IIT.240 340,302 3,570 14.963 120.810 355.265 457.542 18,533 476.075 PaBe.' 11
The Wickers Charity Notes to the Financial Statements For the year ended 31st August 2023 4 AMW olR••trW Fund• E•lan¢•st i &t31 JJgugt20¥J •wdgd Fun¢ 1 Fu2 Fur 3 Fund 4 Fd9 Fde Fwd7 FL 8 Fd9 150.679 21.42 10.QOD 3.957 1133.6491 121.429> 110.OOQ} lJ.95n {967} (570} 20,893 11,3951 29.949 {46,409) {16,4toi eTry8 119.79Q (120,81 4L113 oj Fld 1 tyendHfterx4Ctiti hrorirwJ & Fund 2 Fund 3 Fund4 Funo s Fvnd •ad siart U Othr8adl Duke cl EdinIrgh CommuntyChAmpic475 LO0 Youth Fur London K4AIAthon & Serpffiline London Yc4rth GethngAth S(od Program FuTrJ FuTrJ P geen4tWa Éam&dth•rlrtdfithdYTe¥kn alth•pr•nd. The mainwerdr&¥nMounthm IfThDth•fvnd'S¢horl HrIaYPry 91. aSeyC rthty¢wend 4.3k85 rec4i4ted n Ootrt¢rz3kndèarthi& ln. OthBrAmll Wwwfrom'L¢rtd Youth InequAlitie8 Funrf&'Lhkn kIthC & SwponUM Swn. hAvry bDthi qradkat4d by mohinofund•lroM unreBtnLedfunds tOtrwraitrbJJnd•. NDTllwtee r•c¢Thwd4ny perfod. staff ¢o•ts 2¢2¥ 230.679 Y67,781 Socw sxuritycosts PoNwn(A 4.450 3,073 The4wwo nmbr¢ernrI0>•dThJthO swI2022'.four). Page: 12
The Wickers Charity Notes to the Financial Statements For the year ended 31st August 2023 7 D•bto¥¥ du•within 2023 2022 Tradg Debtors Other Debtors In¢4>me & prepaid exrrts•s 37,000 2,000 14,175 5(X) 37,743 38,243 53,ITS 8 CMditor4 duo within 1 2023 2022 Trad? Creditor¥ Accruals other crediiors 29,500 40,478 8,703 14.187 17.587 6,032 78,881 37,806 9 Flnanciil In5trumonts Th@ financial ststemwts include the followng in respèd of itèm5 h81d at 8morb8od ¢t at 31 Augu$t'. 2023 2022 Financk?l assets Theasuiod at amortisad eo8t 88.878 99, 101 10 R•lat•d paitytrnu¢tion¥ Cos18 of £nil12022.. t1.4401 were recharged fr(x7) and pa¥J to Aitch E5tate5 lited during the ygar. Ouring th8 year, the Chanty re¢eNed £24,50012022.. £2.5WI from "t¢h Estates Limrted towards corporate sponsorships, tlcket sale and auction sa8 for The Gat Gatsby Boxng 2023 event During th8 yoar, th& Charfty paKI a salary of £23.30212022." £22,8021 to 8 dose relatNe of a Trustee forthe roK8 of fund rai8ing $èrvic•$ to the Charity. During Ih? y¢8r, auctKsn priz88 to thg valug ol £nil12022.. £14,0) were 801d to Mura E8tato6 LLP, in wh¥ch a TNstee has Synthcant control. AtAugust 2023 a tsalan of £nil12022.. £14,000) waB owe£l by Mura Estat•s LLP. Page.. 13