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2020-12-31-accounts

Power the Fight Report and Accounts

(Unaudited)

period ended 31 December 2020

POWER THE FIGHT

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees H Bourazza
E Christou (appointed May 2020)
P Grey
B Lindsay (CEO)
S Mathews (Chair)
T Newman
S Stone (resigned March 2020)
Key Staff B Lindsay (CEO)
Governing Document Constitution dated 12 December 2018
Charity Registration Number 20181212
Principal Address The Market, 133a Rye Lane
Peckham
London, SE15 4BQ
Independent Examiner A Warren ACA
McBrides LLP
Nexus House
Sidcup, Kent
DA14 5DA
Bankers Barclays Bank plc
CAFBank
Lawyers Anthony Collins LLP
Contents Page
Trustees' Annual Report 1-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-15
Detailed Statement of Financial Activities with Comparatives 16

POWER THE FIGHT

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

Power The Fight was launched in early 2019 in response to the rapid increase in serious youth violence in the UK, and specifically based on the conviction that communities in the UK must be at the forefront of such a response. Power The Fight exists to empower communities to end youth violence through working and learning together. We work with parents, churches, faith groups, community organisations and statutory agencies, equipping and training them through workshops to engage with issues of youth violence and its causative factors in their context. We produce resources, engage with high level decision makers within organisations and government bodies to influence policy (such as the Mayor of London’s Violence Reduction Unit and the cross-party Youth Violence Commission), and support families directly affected by youth violence.

The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:in accordance with Christian principles and for the public benefit, the prevention of crime and the protection of people of all ages and their property from knife crime and other serious youth violence by working for

(a) the rehabilitation of persons engaged in knife crime and other serious youth violence or at risk of becoming so engaged; and

(b) the support of victims of knife crime or other serious youth violence and their families.

Summary of the charity's main activities and achievements

Power The Fight recognises the UK’s increase in serious youth violence as a public health crisis with multiple causative factors including undiagnosed and untreated trauma, lack of focus on early intervention, education in youth services and social inequality. Consequently, we advocate for a holistic approach to tackle these inter-related systemic root issues and protect the lives of our children and young people. Our work is trauma informed and is co-designed with the community.

Page 1

POWER THE FIGHT

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

Power The Fight has unique access to leading thinkers and practitioners from a range of disciplines working in the field of youth violence, who partner with us to deliver a range of tailored training opportunities. Since our launch in January 2019 Power The Fight has trained over 11,000 people across the UK. Prior to Covid-19 our training was delivered through conferences, workshops and bespoke events, but we have successfully transitioned to online delivery for the time being. Partners have included London Borough Councils, a number of Church of England Dioceses, marketing agencies and the Newday Youth Culture conference. Individuals attending our open access training events have come from a variety of faith, ethnic and professional backgrounds, including Social Services, the NHS, arts organisations, education (including alternative provision) and youth work. The Covid-19 pandemic has resulted in an increased demand for our training and the development of a number of new

Power The Fight has developed resources to help faith and community groups to better understand the issues surrounding youth violence. These include specialist Power Talks accessed via our website, as well as links to other toolkits. The three seasons of Power Talks combined have now had over 20,000 online views, with Season 3 being a 'lockdown' version.

In early 2020, with the support of the Mayor of London's Violence Reduction Unit, Power the Fight began to create the Therepeutic Intervention for Peace ("TIP") pilot project in South East London. The arrival of the Covid-19 pandemic resulted in the pilot's re-design to a research project. The resultant report into the lack of cultural competence in therapeutic services offered to young people and families affected by youth violence was hailed by the Mayor of London in his statement "This report will save lives". The report is changing how therapeutic services for young people and families affected by youth violence are now being developed in a number of boroughs in London and will contribute to the Violence Reduction Unit's strategy for supporting young Londoners in the aftermath of the Covid-19 pandemic.

Power The Fight is effecting wider societal and cultural change through our wealth of relationships across local and central Government, church denominations and youth service providers, including Church of England Dioceses, MPs and the Metropolitan Police. We are able to bring grassroots community and faith groups together with high level decision makers to improve cohesion and catalyse change, supporting communities to build innovative, sustainable, locally-owned projects that promote peace and end youth violence.

A major part of the charity's activities are undertaken by volunteers, including its Trustees with considerable assistance also provided by its Advisory Group. The charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

POWER THE FIGHT

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to an operational management team led by the CEO. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial review

During the year income was just under £300,000 (2019 £105,000), and expenditure approximately £165,000 (2019 £85,000). As a result the charity's net assets increased to approximately £150,000.

Particular thanks need to be expressed to a number of organisations that have donated time and resources to help launch Power the Fight; most particularly Emmanuel Church London which, supported by other churches in the Newfrontiers network of churches, donated a significant proportion of Ben Lindsay's time to enable the charity to have the services of a CEO with minimum cost. Management consultants and professional fundraisers have also donated time without charge as part of their commitment to see the charity succeed in its vital work. Details are outlined in Note 3 to the accounts.

We would like to make a point of thanking all the individuals and churches who give to support the work of Power the Fight; whether with large amounts or small. We recognise that even relatively small amounts of support is often at significant cost to those giving and these general gifts enable the charity to build well on a base that enables us to achieve more and more quickly than we would otherwise.

There has been an effective partnership with 'partner' grant funders for the Therapeutic Intervention for Peace ("TIP") pilot schemes with grants from The Mayor of London's Violence Reduction Unit (£63,000) and from the Young Londoners Fund (first tranche of £25,000) in the year.

In addition the Trustees would want to express particular thanks to the charity "52:4" which recognises the vital benefit of funding core activities in the early stages of dynamic new charities, for their funding of approximately £30,000 in the period.

Page 3

POWER THE FIGHT

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

Reserves policy

With the growth of the charity and its projects, in October 2020 the trustees reviewed the reserves policy whereby general reserves should be held of at least 2 months of general fund expenditure plus sufficient to ensure grant funded projects could be completed should there be any hiatus in funding and the charity could continue to operate should income and / or expenditure vary adversely. This policy recognises that the cost of a significant part of the core operating requirements and the projects are grant funded by others and so reserves of substantial levels are not yet required. The intention is that this will increase as the charity's fixed commitments develop. Part of that commitment to adequacy of finance was the creation of a designated "Sustainability fund" of £50,000.

At the year end, the charity held general fund cash balances of around £75,000 (equivalent to around 5 months of general fund expenditure) and in addition the 'Sustainability fund' held £50,000 of cash balances. The charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Plans for the future

Power the Fight is working to roll out the "TIP" model in a number of boroughs across London, based on the recommendations of the 2020 report. Power The Fight expects to be part of significant development of thinking in this area, with the aim of providing culturally competent therapeutic services to students, parents / guardians and teachers, and developing an evidence-based model which addresses ongoing poor mental health amongst vulnerable young people in order to reduce rates of youth violence. It is our intention that this model can be scaled up and adapted for implementation across London and potentially across the UK.

Power the Fight also intends to increase the number of people who access our specialist training through our provision of webinars, online conferences and in-person events as social distancing measures are eased. We intend to increase our community engagement through reviewing and developing our social media strategy and continuing to deliver high-quality digital resources, and increase our engagement with Government bodies and networks of youth service providers through relationship building and advocacy.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

POWER THE FIGHT

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that

the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.

Approval

This report was approved by the trustees and signed on their behalf by:

S Mathews (Chair)

Date: 6 October 2021

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

POWER THE FIGHT ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2020 on pages 7 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

A Warren ACA Institute of Chartered Accountants in England and Wales

13 october 2021

Nexus House Sidcup, Kent DA14 5DA

Page 6

POWER THE FIGHT

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Raising funds
7
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
145,445
26,937
-
172,382
52,992
3,160
56,152
116,230
(6,806)
109,424
20,380
129,804		 Restricted
Funds
£
117,533
4,000
-
121,533
107,291
-
107,291
14,242
6,806
21,048
-
21,048		 Total
Funds
2020
£
262,978
30,937
-
293,915
160,283
3,160
163,443
130,472
-
130,472
20,380
150,852		 Total
Funds
2019
£
88,647
8,596
8,189
105,432
80,043
5,009
85,052
20,380
-
20,380
-
20,380

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 9 - 15 form part of these accounts.

Page 7

POWER THE FIGHT

BALANCE SHEET

AS AT 31 DECEMBER 2019

Note
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
100
134,104
134,204
(4,400)
129,804
129,804
79,804
50,000
129,804
-
129,804		 Restricted
Funds
£
-
21,048
21,048
-
21,048
21,048
-
-
-
21,048
21,048		 Total
Funds
2020
£
100
155,152
155,252
(4,400)
150,852
150,852
79,804
50,000
129,804
21,048
150,852		 Total
Funds
2019
£
30
21,454
21,484
(1,104)
20,380
20,380
20,380
-
20,380
-
20,380

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

S Mathews (Chair)

Date 6 October 2021

Charity number: 20181212

The notes on page 9 - 15 form part of these accounts.

Page 8

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from advice and training and other events and courses given to educate and empower communities, statutory bodies and others.

Page 9

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Expenditure on raising funds comprises the costs incurred on commercial trading activities and fundraising.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3
Donations and legacies
Donations of cash and similar
Donations in kind
Grants receivable (restricted)		 2020
£
132,695
12,750
117,533
262,978		 2019
£
25,897
54,000
8,750
88,647

Page 10

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Donations in kind comprise the following:

Donated staff services
Donated other services		 2020
£
10,500
2,250
12,750		 2019
£
46,000
8,000
54,000

Donated staff services comprise the services of B Lindsay, seconded by Emmanuel Church London to act as CEO with reduced levels of charge between January and August 2020 , for around 90% of his time.

Donated other services represent external consultants time donated to assist with strategic planning and bid-writing.

4
Income from charitable activities
Training events
Consulting
Charity awards
5
Other income
Funds held and transferred on formation
of the charitable CIO
6
Charitable expenditure
a
Costs incurred directly on specific activities
Salaries and seconded staff
Conferences and training
Project delivery costs
Advisory and training content
Phones, brochures and comms
Grants payable (note 6d)
Miscellaneous expenses
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Office and rental
Insurance and professional fees
Total expenditure
c
Donations in kind expensed in year
Donated services
Staff costs
Professional fees
Fundraising costs		 2020
£
29,114
1,247
576
30,937
2020
£
-
-
2020
£
71,696
9,473
43,074
4,582
5,696
3,500
1,411
139,431
1,262
-
1,262
17,277
2,312
20,851
160,282
2020
£
10,500
1,500
750
12,750		 2019
£
5,756
2,341
500
8,596
2019
£
8,189
8,189
2019
£
54,248
4,036
-
3,134
5,376
3,000
1,111
70,905
950
-
950
2,409
5,780
9,139
80,044
2019
£
46,000
5,000
3,000
54,000

Page 11

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

d
Grants payable
Grants for the relief of hardship		 Institutions
£
2,000
2,000		 Individuals
£
1,500
1,500		 2020
£
3,500
3,500		 2019
£
3,000
3,000
7
Cost of raising funds
Fundraising costs		 2020
£
3,160
3,160		 2019
£
5,009
5,009

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs
Payment towards seconded staff
Donated services of seconded staff
Note 3		 2020
£
38,157
-
539
22,500
10,500
71,696		 2019
£
8,178
-
70
-
46,000
54,248

The average monthly number of employees during the year was 2 (2019: 1). Most of the charity's activities are carried out by volunteers.

No staff received salaries of more than £60,000 in the year.

The charity's key management comprise the trustees and the employed staff named on the Charity Information page. Donated time and costs of staff seconded by Emmanuel Church London are not reported in this note. In addition to the value of donated time, £22,500 was paid to Emmanuel Church London, for the services of B Lindsay in the period January to August 2020 whilst employed by the church.

Other
Employer
Wages &
employment
pension
salaries
benefits contributions
Trustees:
B Lindsay (from 1 September 2020)
16,833
-
103		 2020
£
16,936
16,936

There were no amounts payable in 2019.

B Lindsay served as CEO and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

No other trustees received employment benefits in either the current or preceding year.

9 Debtors

Falling due within one year:
Prepayments and accrued income
10
Cash at Bank and in Hand
Cash at bank with immediate access		 2020
£
100
100
2020
£
155,152
155,152		 2019
£
30
30
2019
£
21,454
21,454

Page 12

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

11 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Trade creditors
Accruals		 2020
£
3,150
1,250
4,400		 2019
£
55
1,050
1,105

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Sustainability fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Core administration fund
TIP pilot project
Young Londoners Fund
City Bridge Trust fund
Aggregate of funds		 Opening
balance
2020
£
-
20,380
20,380
-
-
-
-
-
20,380		 Incoming
resources
2020
£
-
172,382
172,382
29,250
63,283
25,000
4,000
121,533
293,915		 Outgoing
resources
2020
£
-
(56,152)
(56,152)
(23,894)
(65,195)
(14,202)
(4,000)
(107,291)
(163,443)		 Transfers
in the year
2020
£
50,000
(56,806)
(6,806)
4,894
1,912
-
-
6,806
-		 Closing
balance
2020
£
50,000
79,805
129,805
10,250
-
10,798
-
21,048
150,853

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
funds
£
100
84,104
(4,400)
79,804		 Designated
funds
£
-
50,000
-
50,000		 Restricted
funds
£
-
21,048
-
21,048		 2020
£
100
155,152
(4,400)
150,852

Page 13

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Core administration fund
Aggregate of funds		 Opening
balance
2019
£
-
-
-
-
-		 Incoming
resources
2019
£
96,682
96,682
8,750
8,750
105,432		 Outgoing
resources
2019
£
(74,633)
(74,633)
(10,421)
(10,421)
(85,054)		 Transfers
in the year
2019
£
(1,671)
(1,671)
1,671
1,671
-		 Gains and
losses
2019
£
-
-
-
-
-		 Closing
balance
2019
£
20,379
20,379
-
-
20,379

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
30
-
21,454
-
(1,104)
-
20,380
-
Unrestricted Funds		 Restricted
funds
£
-
-
-
-		 2019
£
30
21,454
(1,104)
General
funds
£
30
21,454
(1,104)
20,380
20,380

The designated "Sustainability Fund" is an unrestricted fund set aside to provide additional resurces to ensure that the charity and its projects are sustainable in the event of a shortfall in agreed project and core funding.

The "Core Administration Fund" is a restricted fund providing financial grants to support the charity's core administrative costs.

The "TIP Pilot project fund" is a restrcited fund grant financed by the Mayor of London's Violence Reduction Unit to establish a pilot project for Therepeutic Intervention for Peace.

The "Young Londoners Fund' is a restricted fund grant financed by the Young Londoners Fund to undertake a follow up TIP project in a school in South London.

13 Operating lease commitments

The charity has an operating lease for offices. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

effect of future rent reviews) in respect of this lease is as follows:
Within one year
Payments falling due:		 2020
£
1,200
1,200		 2019
£
800
800

During the year the charity was charged £7,800 (2019: £445) for its operating lease.

Page 14

POWER THE FIGHT

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

14 Transactions with related parties

During the year the charity:

Page 15

POWER THE FIGHT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
7
Other
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
25
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12
Actuarial gains/(losses) on defined benefit
pension schemes		 General
Designated
2020
2020
£
£
145,445
26,937
-
172,382
-
52,992
3,160
-
56,152
-
116,230
-
(56,806)
50,000
59,424
50,000
59,424
50,000
20,380
-
79,804
50,000
Unrestricted funds		 Restricted
2020
£
117,533
4,000
121,533
107,291
107,291
14,242
6,806
21,048
21,048
-
21,048		 Total
2020
£
262,978
30,937
-
293,915
160,283
3,160
-
163,443
-
130,472
-
130,472
-
-
-
130,472
20,380
150,852		 General
Designated
2019
2019
£
£
79,897
8,596
8,189
96,683
-
69,623
5,009
-
74,632
-
22,051
-
(1,671)
-
20,380
-
20,380
-
-
-
20,380
-
Unrestricted funds		 Restricted
2019
£
8,750
8,750
10,421
10,421
(1,671)
1,671
-
-
-
-		 Total
2019
£
88,647
8,596
8,189
105,433
80,044
5,009
-
85,053
-
20,380
-
20,380
-
-
-
20,380
-
20,380

Page 16