THE WICKERS CHARITY Charlty No. 1178580 {Registered Charity in England and Wales) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
The Wickers Charity Contents Page Page Legal and AdministratNe Inf0MtIOn Trustèes. ReFQrt IndeFendent Examiners ReFQrt Stslement of Financial AdilIeS Balance Sheet Ncles to the Financial Statements 9-13
The Wickers Charity Legal and Administrative Information Trustè•S: W. Henry C Reymolds A. Henry-D05well {appointed 1st March 241 H. Smith (Resigned 1st Apil 2024) Rogl$tsrfjd Offlu: Ironwoc*J Works Suite 5 19 Wlllow Street London EC2A 4BH Charlty Number: 1178580 {RegbStered Charity in England and Wales) Independent ExamSner: Le8man Mattel Chartered Accountants Suite 1, First Floor 1 Duchess Streat London W1W6AN Bank9rs'. Lloyds Bank PLC 25 Gresham Street London EC2V 7HN Govorning Document The Chanty is constituted as a Charitable Incorporatsd Organisation by its constltutlon dated 31 May 2018. The finanaal statements comply 1th 3tabJlory requirements and the Charftls goveming d¢)cuments. Trustee Induction and Tralnlng The above mentioned Trustees were appointed according to the procedures laid down in the Constitution. Future Trustees shall be appointed by a resolution passed at a properly convened meeting of the Charity Trustees. Now Tluslees are briefed on their legal obligations under charty law, the content of the Constttution, dl$lon making processes and the reGent pgrfomiance of the Charity. In seleclirg persons lo be appointed as Trustees, the Charity Trustees shall take into aOnt the benefits of appointing a person vtho is able by virtue of his personal and l or professional qualifications to make a eonlribution to the pursuit of the objects or tho management of the Charity. New Trustees must be appolnted by a re8olutitin passed at a properfy Convened meeting of the Charity Trustees. Page:1
The Wicker3 Charity Trustees. Report For the year ended 31st August 2024 (Contlnued) The Trustees present their r¢wrt aryl the financral statements the year eIed 31 August 2024. The Trustees confirm that the Annual report and financial slalgments of the Charty Comp with the current statutory requirements, the requirements of the chartys goveming document and the prowsions of Accounting and Reporting by Charities.. Statement of Rec¢fflmended Pradice Applicable lo Charitrès preparing their accounts in accordance with the financial rewrting standard applicab in the UK and Republic of Ireland The FRS 102 Charities SORP. published on October 2019. Trusts•$ The Trustees who seNed through the year w8r8'. W. Henry H. Smith C. Reynolds A. Henry0$well ObJectlvos The Trustees shall hold the reserves and income upon trust to eppty them for the foll¢)wing obieGts'. To reduce the number of young people entering the criminal jusltce system, wth particular emphasis on ucing the likelihood of youThJ people Ing involved in gangs. gun Grimes or knife rJimes in London. through the provtsion of.. Education thshops; mentoring semces. counselling serNice$'. well-being services: opportunitie5 to th team sports., training in employabilty and job4geking-, and any other maans that meets the overall charitable objects. Prfnclpal Activity The principal activty during the perM)d was the provision of facilit and services to reduce the number of young Feople entering the criminal justice system. The Twslees nfIrM that vthen planning activrties they have Considered the Charty Commission's guidance on publi¢ benefiL including thg guidance'Public Benofft.. running a Charity IPB2}'. Restrictions Imposed by the Charlty'8 goyernlng do¢um•nt: i) In raising funds the Trustees shall not undèrtake any substantial pèmanent tr&Jing actwty and Shall confom to any relevant statutory regUlathS. ill All cheques and ord8rs for the payment of money from the Charty bank account shall be approved by at 1ga$t one Trustee 8nd the Operations Manager. Oryanisatlonal Structure The charty 1$ govemed by lh8 Board of Trustees who are re8ponsibt8 for thè govemance and the strategic direct¥)n of thg organisalK)n. Page.. 2
The Wickers Charity Trustees, Report For the year ended 31st August 2024 {Continued) R•vlèw of activlt16s. achlevements and pgrfomiance This report aGcompanies the Financial Statements for 2024 and includes an oveNiew of the key activrtie$ of the Charity during the peri¢>J under rewew. The achievemen18 and perfomiance of thè Charity for the r are hbJhllghted below. With reasonable nolice, the files of the Charity are open io inspection to any person. Reser•es Pollcy In determining the level of the reserves policy of the Charty the Trustees have considered the level of the operating expense required. The total reserve5 at the year end of1£42.439) includes restricted fund$ carried fowdrd of £8.224, consisting mostty My Ends, grant to be spent on after school activities. mgnloring & employability programs. The balance of1£50,6631 entirely comprises of general unrestricted funds whh are avaitable for the Charitys general purposes including its general running costs and projects. In 2023. the reserves balance of £88,678 included £84,450 unre8tricled reserves. Tho level of free reserves has decreased since the prewous year, and is sufficient to cover the anticipated running costs for th? next f months wilh corporate sponsorship and grants already secured fL¥ the next financial year. The Trustees anticipate the Charity can continue to wrate self-sufficiently. R•sults for th• P•riod During the peric¥J, the Charty received incom& of £S36.45112023.. £673.064). The income of the Charty has increased significantty foll¢)wing successful fundraising events like The Great Gatsby Boxing 2024. The Charty made a {defi¢tty$urplus of (£131,117) (2023.. {£10,4231. At the year end £34.404 (2023.. 129,116) cash was held in the Charitys bank account. The Trustees prowded their servws to the* charrty free of charge in the year and these serve$ have ncl b8gn quantrfied or renected in the a¢counts. The Wickers Charity contlnues lo ereate a strong foundatK)n for future grchvth and the building of thi5 foundation will be integral to the Charty a¢hVIng its missKJn in the future. Some key achievements of the Charty include.. Tha provlslon of a $ChUle of activities for the young people in Hackney. The Charity continues to provide schedule of activities for young people in the area. offering guidance and mentoring, educational WOfkshop8, leisure activities and a socLal hub ft)r youths. This year, the Charity has also Started to offer more employability workshops as the Charity seeks to keep young peopke off of the streets by giving them learning and earning opportunities. The Charty has continued to increase its outreach in tho local ¢ommunity and further afield. The Charrty now works closety with other parties, such as local schools. the Metropolitan Police Force and other Local Authorities to address the issues of knrfe crime and gang violence. Page.. 3
The Wlckers Charity Trustees. Report For the year ended 31st August 2024 (Continued) Results for thg Perlod {continu6dl Corporate sponsorshlp and fundlng In last y8arfs report we hpJhlighled the Charity to be entirely 8elf4unded. Through the team's hard work and diCatIOn in s¢¢uring sponsorships, grants and donallons, the Charity eonlinue to b8 oper81ing self-8uffi'ciently. The Charty seGured £223,471 of grant funding during the year including £139,276 of My End Funding set aside lo hdp after sch¢)ol actiwt*s, mentoring and employabilty. Partnernhlp8 wlth IlkèThmlnd8d oryanisations The Charty is continuing to increase its 0lrtach through partnetships wlh other likewmindad organisations. For exampLg, the Charty 1$ paired with CICS. One offers boxing wrth the focus of getting young people off the streels. The other offers fcrt)tball with a similar aim but also focussing on the mental behaviour and development of young people through the provision of sports services. Vve have also expanded the number of after schcLIl tiwties and these are being hekl is strategic places, where we can attract the'h8rd to reach. children & youThJ People. The charity has also been a delivery partner for a consortium funded by the London Mayors Office to redu¢e vio18n¢e in a specffic ward in Hackney. This has also helwl us to expand our rea¢h and also build relalionships with other organisations within the communty. Arnas of development There are thro0 main arwas of developmant the Charrty na8ds to continue lo work on in order lo support ts purw8e'. 1. Delivoring actitIeS thal keep young people off of the streets and build their Irfe skills,. 2. Providing positive role models that give hope for 8 better life and prepare th& young people for a positive fuiure", and 3. Give access to opportunities for emplonent. Improvemenl aroas for the next year 1. Increase staffing to expand on semce delivery. 2. Partner wth more schools in the local boroughs to increase outrgach. 3. Target more corporates. for fundraising and employm8nt opportuni(ies. Page-4
The Wickers Charity Trustees, Report For the year ended 31st August 2024 {Continued) Trusto0s' Rosponslbllltles Statemenl The Tru$lo0s a responstjle for preparing the Tnjslees, Report and the financial slalemenls in accordance with the applicable law and Unf(ed lQngdom Accounting Practices {United Kingdom Generally Ac* Accounting Practice). including FRS102'The Financial Reporting Standard Applicable in the UK and Republic of Ireland., The law applicable to charit in Englgnd and Wales requires trustees to prepare financial statements for each financial period which give a true and fair view of the slate of the affairs of the Chanly and of the incoming resources and appltcation of resources of the Charity for that period. In preparing these financial slatements, the Trustees are required to.. select surtable accounting policies and then appty them consistently,. observe the melh¢)Js and principles in the Charities SORP.. makejudgements and estimates that are reasonable and prudent.. state vthether aPpIable UK accounting stsndards. including FRS 102 have been foll¢Md, subjvA to any material departures disclosed and explained in the financi81 statements.. prepare the finaneial stalemfjnts on the going concem basis unkss it 15 inappropiiatg to presume that the Charity will continue in business. The Truste88 are re3ponsibk for keeping adequate accounting records that are sufficient to show and explain the charitws transactions and dilOse wth reasonable ac¢uracy at any time the financial posith)n of the Charty and enable them to ensure that the financial slalemenls compty wth the Charilies Act 2011, the Charity {Accounl$ and Reportsl Regulations 2008 and the provisions of the Charty Commission. They are also resp)nsible for safeguarding the assets of the Charty and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularibes. Th& Trustees are Tesponsibie for the maintenan¢e and integrty of the Charty and financial infomiation included on the Charitls website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in ¢kner lUfisd1ons. This report was apwoved by the TrLteeS on and signed on their behalf by. ds Trustee Page:5
The Wickers Charity Independent Examinerfs Report For the year ended 31 st August 2024 Independent examiner's rgport to the trustees of The Wickers Charlty I report to thg twslees on my examinat of the acwunts of the Chanty for the year ended 31 August 2024. Responslbllllle8 and basls of report As the Charivs Trustees you are responsible fc the preparation ofthe nts in accordance wrth the requirements of the Chariti8s Act 2011 Ilh8 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 fdl¢knJ all the applicable Directions given by the Charity Commisslon under SeCtn 14515)(bl of the Act. Indopènd•nt •xamin•r's statement Since the Charitys gross inwme exceeded r250,CW in the year, your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm Ihal l am qual[rd to undertake the examination because l am a member of the ICAEW. which is one of the lIstl bod. I have completed my exanination. I confirm that no material matters have come to my attentn in connection with Ihe gxamination giving me eause lo beltéve that in any material respect.. accountirvJ records w¢r• not kwt in respecl of the Trust as required by section 130 of the Act.. or 2 the accounts do not a¢Mrd with those records.. or 3 tha accounts do not compty with the appIlble requirements conceming the fonn and CC1nt of counts set (t in th8 Charities (Accounts and Reports) Regulations 2008 other than any requir8mgnl that th9 a¢wunts give a Xrue and fair view which is not a matter considered as part of an independenl examinalw)n. I have no concerns and have come across no other matters in connection with the examinalion to which attentK*n should be drawn in this rgport in order lo enable a pr¢yr understanding of the aetounts lo be reached. Surte 1. Fir81 Fl(x)r 1 Duchess Street London W1W6AN Date: Paul Matt Independent Examiner For and on behalf of Leaman Mattel Page:6
The Wickers Charity Statement of Financial Activities For the year ended 31st August 2024 Funds 2024 Funds 2024 T¢rtal 2024 Nft Incomo Grants and donalions 333,797 202,655 536,452 Total Incomo 333,797 202,6SS 536,452 Expenditure on: Raising Funds charitab activitie8 198,*3 269,947 198,963 468.606 198,859 Total Expenditurn 468.910 198,659 867.569 Net {0xp8ndlture)nncome for thg pgrfod 1135,113) 3,996 (131,117) Total furKls brought foThvard at 1st September 2023 84.450 4,228 88.678 Total funds carried forward at 31st August 2024 50,663 42.439 Unrastn¢ted Funds 2023 Reslncted Funds 2023 2023 Ineorno Grants and donations 454,083 218,981 673.064 Total Incorng 454,083 218,981 673.064 Expenditure on: Raising Funds Charitable activities 239.585 22&486 239,585 443.902 218,416 Total Expendlturo 46&071 218,416 683.487 Net Incom&llexpondlturel for the parlod (10,988) (10.423) Total funds broLwJht foward at 1st September 2022 95,438 3.663 99. 101 Totsl funds carrfod forward at 31st August 2023 84,4&) 4,228 88,678 All disclosures rdate onty to continuing op8rations. Page.. 7
The Wickers Charity Balance Sheet As at 31st August 2024 Notes 2024 2023 2023 Current Assets Debtors.. Amounts falling due wtihin 1 year Cash at bank and in hand 5.496 34.404 39,900 38.243 129, 116 16T,359 Credltots: Amounts falllng due within one year Net Current Assets 142,439) 88,678 Net A880ts I (Liabilities 42,439 88.678 Funds General funds {restrictedl General funds {unreslridodl 8,224 50,663 4,228 84,450 42,439 88,678 The Financial statements were approved by Ihe Trustees on and signed on their behalf by. C. Reynolds Trustee Charity no. 1178680 P8ge:8
The Wickers Charity Notes to the Financial Ststements For the year ended 31st August 2024 Accounting Pollcles Basis of prnparalion of financial statem•nts The finanGial $tatements have been prepared in aCrdanCe wrth the Financial Reporting Standard applicable in the UK and Republ of IreL8nd (FRS 1021, published on October 2019. The Charty is a public benefit entty for th8 purposes of FRS 102 and therefore also prepared its financial slatemerts in accordance with the Statement of Recommended Practice applicable lo charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (the FRS 11y2 Charities SORPI and the Charitie8 Act 2011. The financial statements are prepared in sterling. whh is the frjncknnal currency of company. Monetary anounts in these financ1 stskments are rounded to the nearest pound. Goln9 Concern Ba515 The financial statements have been prePaj on a going concem basis. Having carried out a review of the Charitys resources and the current econcrtnic challenges facing both the Charity and its memb8r5 the Trustees are satisfied that the Charty has sufficient cash flows to meet its liabilities as tw fall due for at least one year from the date of apprtsval of the finan¢o1 statements. Crhlcal accountlng estimates and area6 ofJudgemenL In the v*w of the Trustees in applw'ng the accounting policies adopted. no judgements were required Ihal have a Snlcant effect on the amounts recognised in the financial Stslements. nor do any estimates or assumptions made cary a signTficant risk of matenal 8djustfflenl in the next financial peric. Fund ac¢ounting General funds are unrestricted funds which are ar4ilabl& for use at the disGrgtion of the board of Trustees in furtherance of the general objeclivas of the CharTiab company and which have not baen designated for other puwes. ReslrKled fLtnds are funds that are to be used in accordance with speclfic restrictions imposed by the don¢XS or which have been roised by the charity for particuLar purp08es. The cost of raising and administering such funds is charged against that Spectr fund. The ain #nd usa of each restricted fund is sol out in the notes to the financi81 statements. Page=9
The Wickers Charity Notes to the Financial Ststements For the year ended 31st August 2024 Accountlng Poli¢io8 Icontinuodl Incom• Ineomè from Charitable actiwlies is included in thè Statèment of Financial Actiwlios {SOFAI whan the Charity has entitlement over the income, the re(*ipl is probabty and income can be measured reliably. Income from donations and grants is included when lel¥ed. Donations or grants for parlicular purpos¥s are included as restricted ftjnds. Donated goods, facllllles and seryl¢e¥ Donated goods in the form of consumablo$ are r90)gnIs in the period of ro¢0ipl at cost to the vendor in both incom8 and expenditure in the SOFA. Expendltsr• Expenditure is induded in the SOFA on an a¢¢wals basis. Costs of raisin9 funds rnprise the costs of all fundraising activities and increasing the PTofile of the charity. Charitable activilres comprise costs of a¢bvilies in fvrthèraneA of the tharitys obj8ctives. It indudes dirèct ¢0818 of activities and those costs of an indirect naluTe necessary to support those actmlies. allocated betsveen expenditure categories on an appropriate basis. Fornlgn curr•n¢y tran$latlon Monetary assets and liabilities denominated in foreign (Jjrrencies are translated into sterfing at the rates of exthange ruling al the balance sheet date. Transactions in foreign currencies 8re recor(led at the rate ruling at the dale of the transaction. All diffenCeS are tsken lo the SOFA. Ca¥h at bank and In hand Cash indud8s cash in hand, deposits held al Call wrth banks, other short-lèm liquld investments with original maluriiies of three Months oi less, and bank overdrafts. 8a$lc Financial Instruments The Charity only holds basic finanoal instruments 8s defined by FRS 102. Finanaal instruments receivable or payable within one year of the reporting dale are carried at their at transaction pric8 and subsequently at 8mortised cost. Page: 10
The Wl¢k•rs Charlty Nots¥ to the Finan¢lal Stat•m•nts For tho yoar ended 31st August 2024 2 Gr4nIsddlo T¢l•l 2024 2024 .809 320.431 I.212 FUndrangl¥w8s 300.431 20,r 143,846 202.6S5 $38.4S2 d3 2023 2023 frun Ihlrd 137,lJg 311,85 137.739 311.854 223.471 GranLs 218.38Y 49.0&3 218,981 673.0$4 3 E¥rndNure Totsl COnWn & E4uymort Tethrs. vrdunte¢rs. Xb¥it• nl8iialvtr& iwJrtnL 49.320 Te. 49.320 79.919 32970 24.493 281,904 32,970 24,493 261,904 4J6.83 32,970 R•lBln¥ FNdS 8f0rfv 198 g03 198,963 198,983 198,963 Clwlll•d w: Res¢rf0 198,659 43S.940 198.859 468.910 970 Toi•l 2023 ConWMès& Equpment TeadT$. volunteer5. fflinislrnlve 8 hlSuran( Pfenyscosis 612 70,025 SQ612 T4925 24t54 19.259 2eo.952 443.902 2a154 19.259 26Q.952 414748 241 Rakng Fnd ¢5 forfrJndJ 239.5&5 239.jas eltsfIed ••.' RestTx ?14416 436,917 2alS¢ 4071 Paga:ii
The Wickers Charlty Notes to the Financlal Statements For the year ended 31st August 2024 4 Amlysty of RtrIcted Funds Bal8nc8 at 1 Ino)mir Sepknb8r2023 wources Rescurcgj 1Xnded Balaneè at 31 August 2024 My Ends-aft8rschoc4 xOvibe6, mentoring & employabllity INw"ghbouthorK1 focusod r&$$0 to rodUCOn of vk)knc¢l Head Stsrt IGU Outreach Jad( Petchey Resthntia SuFVOrt (Lendon YoLrthl AntFRaryst Cwmisk)ning LoNJffi Marathon & Serpenbne Swim LoNknI Youtt) GettiNJ Schwl Holhlay Prcgram5 20,693 85.562 I1,926> 15,329 30,571 130,5721 {8,CY)QI 19541 15851 1,395 101 (701 11,3951 675 20 116,4601 51.546 148,73n 113,6511 B818nGe at i S8ptemtr2022 resou9$ Reswrces 8XP&Th ance 8t31 Augusi 2023 Totsl 3,663 21&981 (218,416? 4,228 218.981 218,416 4,228 l)•xriOion of lun(ls As cgo be 8een above som8 of the restricted funds are *)verdrawn at the year end. The mari tsverdrawfi amunt is eorniThJ frcm lh8 fuTrJ"School Holiday PTogr8rn5" a5 ewected PDSt y•ar •ThJ £14.& was Oct¢ber 24 lo clear ths baknce. Other Small ov8rrtrawn balan from'LoTrJon Marathon & sentIn Swim" hav• be oradicated post year end by funds from fv reStriCted lunds to these re81nd fvnd5. S Trustoas. Emdwnonts No Trustee re¢eN•J •ny emolunwnts or reinburnement of eyFen8e8 duriro the perlcd. Staff Costs Sigff Costs were as follows.. 2024 2023 Wages $alari81 Sccial 8e¢urty costs p•nslon <¥sts 244.943 25.614 5,534 230,679 23,768 276,091 The average nurnbw of amployees during thèygof was six12023.. Sixl. Page: 12
The Wickers Charity Notss to the Flnancial Statemènts For the year ended 31st August 2024 7 Oebtorn du• wlthln 1 year 2024 2023 Trad& Debtors Other Debtors Acuued Incomè a PPaYj èxpor 500 4,996 37,743 496 8 CY•ditorn du• wlthin l ygar 2024 2023 TT8de CdI10r¥ Atttuals Othert)pJrtor8 6,121 45,153 31,085 40.478 8,703 9 Financial In8tYuments Thg linanaal stslemenls Midude th8 following it) r•sp8ct of rtems hekl at amri*ed 5t at 31 Awust 2024 2023 Financ4al assots meawwd at amortksed cost 42A39 10 R•lat party tranuctlon8 Durin9 tha year, tho Charity reIVed £10,8ChJ12023.. £24.5001 from Artch Estales brnited towards corporate sptrnsorships. th"d(et Sab and auction sa188 for The Great Gatsby Boxng 2024 ev8nt During th& year, th? Charity received £4,50012023.. £Ndl frorn Aitth Estat•s Limited towards Ttht Sales for Ifs 8 Knocknut 2023. Ouring the year. the Charity Pa a salary of£28,Wd12023.. £23,302) to a dose rela of a Truste8 for rDk oflund raising seMCe5 to the Chafity. Page.. 13