2022-08-31-accounts

Trustees		N WClimer CBE	N WClimer CBE	FREng (Co-Chair)
		SirCA Pissarides		(Co- Chair)
		M TChowdhury
		M E Dalton
		DrA0 Imafidon	MBE
		GJ Nuttall OBE
		D Barone Soares
Secretary		AThomas
Charity number		1180718
Company number		11263261
Principal address		Somerset House
		Strand
		London
		WC2R 1LA
Registered	office	Fieldlisher
		Riverbank House
		2 Swan Lane
		London
		EC4R 3TT
Independent	examiner	Rogers Spencer
		Newstead House
		Pelham Road
		Nottingham
		NGS 1AP
Bankers		Metro Bank PLC
		1 Southampton	Row
		Holborn
		London
		WC1B 5HA

			Page
Trustees' report			1-9
Independent examiner's		report	to
Statement offinancial	activities
Balance sheet			12
Statement ofcash flows			13
Notes to the financial	statements		14-24

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2022f	2022f	2022f	2021f	2021f	2021f
Income and endowments		from.
Donations and legacies		3	147,698	665,384	813,082	126,000	220,178	346,178
Other income		4	7,500		7,500	4,175		4,175
Total income			155,198	665,384	820,582	130,175	220,178	350,353
~Edit
Raising funds			1,950		1,950	3,575		3,575
Charitable activities		6	39,728	618,023	657,751	157,662	132,800	290,462
Total expenditure			41,678	618,023	659,701	161,237	132,800	294,037
Net incoming resources
before transfers			113,520	47,361	160,881	(31,062)	87,378	56,316
Gross transfers	between
funds			64,803	(64,803)		32,810	(32,810)
Net income/(expenditure)		for
the year/
Net movement	in funds		178,323	(17,442)	160,881	1,748	54,568	56,316
Fund balances at 1 September
2021			57,389	81,651	139,040	55,640	27,084	82,724
Fund balances	at 31August
2022			235,712	64,209	299,921	57,388	81,652	139,040

				2022		2021
			Notes	6		6
Fixed assets
Tangible assets			10		5,260		3,485
Current assets
Debtors				65,022		50,571
Cash at bank and	in	hand		303,525		119,818
				368,547		170,389
Creditors: amounts		falling due within
one year			12	(73,886)		(34,834)
Net current assets					294,661		135,555
Total assets less	current liabilities				299,921		139,040
income funds
Restricted funds			13		64,209		81,652
Unrestricted funds					235,712		57,388
					299,921		139,040

					2022		2021
				Notes	6		6
Cash flows from operating			activities
Cash generated		from operations		16		187,058		9,621
Investing	activities
Purchase	oftangible fixed assets				(3,351)
Net cash	used	in investing	activities			(3,351)
Net increase in		cash and cash equivalents				183,707		9,621
Cash and	cash	equivalents	at beginning	ofyear		119,818		110,197
Cash and	cash	equivalents	at end of	year		303,525		119,818

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		5	8	5	2	f
Donations	and gifts	142,698		142,698	120,000		120,000
Grants		5,000	665,384	670,384		220,178	220,178
Other income					6,000		6,000
		147,698	665,384	813,082	126,000	220,178	346,178
Donations	and gifts
Patrons' Circle Members		115,000		115,000	120,000		120,000
GiR aid		27,698		27,698
		142,698		142,698	120,000		120,000
Grants receivable for
core activities
Trust for London			54,167	54,167		54,167	54,167
Open Society Foundation			27,551	27,551		37,764	37,764
Emerging	Futures Fund					20,324	20,324
London Community						23,950	23,950
Joseph Rowntree			57,816	57,816		38,544	38,544
Nuf8eld			443,086	443,086		45,429	45,429
ICO			79,702	79,702
Community	trade union	5,000		5,000
Other			3,062	3,062
		5,000	665,384	670,384		220,178	220,178

				Unrestricted	Unrestricted
				funds	funds
				2022 2	2021f
Furlough	income		received		4,175
APPG income				7,500
				7,500	4,175
Raising funds
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
				2	2
Fundraisin		and	ublici
Fundraising		consultancy		1,950	3,575
				1,950	3,575

				2022	2021
				8	8
Staff costs				365,499	181,498
Depreciation	and impairment			1,576	1,494
Rent				12,877	10,952
Rates				1,417	300
Meeting room hire				3,102	435
Stationery &printing				2,573	1,437
Travel &Subsistence				1,141	511
Subscriptions				7,355	4,231
Bank charges				162	201
General expenses				2,770	647
Other legal &professional				2,097	1,440
Consultancy				108,731	64,589
Insurance				890	525
Conference	and events production			2,264	75
Content production				139,106	16,072
Advertising				1,242	1,154
Entertainment					147
Recruitment				2,909	3,194
				655,711	288,902
Share ofgovernance		costs (see note 7)		2,040	1,560
				657,751	290,462
Analysis by	fund
Unrestricted	funds			39,728	157,662
Restricted funds				618,023	132,800
				657,751	290,462
Governance	costs
				2022	2021
				6
Independent	Examination		Fees	2,040	1,560
				2,040	1,560

				2022	2021
				Number	Number
Employment	costs			2022	2021
				6	6
Wages and salaries				325,947	164,444
Social security	costs			31,746	13,162
Other pension	costs			8,677	3,892
				365,499	181,498
Remuneration	and key management	personnel
The remuneration of key management		personnel	is as follows:
Aggregate compensation				62,758	66,024

10	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets
				Fixtures and	Computers	Total
				fittings
				8
	Cost
	At 1 September 2021			1,524	6,904	8,428
	Additions				3,351	3,351
	At 31August	2022		1,524	10,255	11,779
	Depreciation	and impairment
	At 1 September 2021			937	4,006	4,943
	Depreciation	charged	in the year	178	1,400	1,578
	At 31August	2022		1,113	5,406	6,519
	Carrying amount
	At 31August	2022		411	4,849	5,260
	At 31August	2021		587	2,898	3,485
11	Debtors
					2022	2021
	Amounts falling due		within one year:		8	8
	Trade debtors					3,000
	Prepayments	and accrued income			65,022	47,571
					65,022	50,571
12	Creditor: amounts		falling due within one year
					2022	2021
						8
	Other taxation	and social security			11,687	4,658
	Trade creditors				30,933	1,772
	Other creditors				1,984	811
	Accruals and	deferred	income		29,282	27,593
					73,886	34,834

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14	Analysis of	net assets	between funds
			Unrestricted	Restdcted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022 f	2022 8	2022 f	2021 F	2021 6	2021 6
	Fund balances at 31
	August 2022	are
	represented	by:
	Tangible assets		5,260		5,260	3,485		3,485
	Current assets/(liabilities)		230,453	64,208	294,661	53,903	81,652	135,555
			235,713	64,208	299,921	57,388	81,652	139,040

Cash generated from	opera	tions		2022	2021
				6	6
Surplus for the year				160,881	56,316
Adjustments for:
Depreciation and impairment		oftangible	fixed assets	1,576	1,494
Movements in working	capital:
(increase) in debtors				(14,451)	(50,571)
Increase in creditors				39,052	2,382
Cash generated from	operations			187,058	9,621