2021-12-31-accounts

								PAGE
Trustees'	annual report (incorporating			the	director's	report)
Independent auditor's		report to	the members
Statement	offinancial	activities	(including		income and expenditure		account)	12
Statement	of financial	position						13
Statement	ofcash tlows							14
Notes to the financial		statements						15

REFEREN	REFEREN	CE AND	ADMINISTR	ADMINISTR	ATIVE DETAILS	ATIVE DETAILS
Registered		charity	name		Generation: You Employed,		UK
Charity registration			number						1183046
Company		registration		number					11011652
Principal	office and		registered		Generation: You Employed,		UK
office					One High Street
					Egham
					Surrey
					TW20 9HJ
THE TRUSTEES
					Dame VY Hunt
					Mr A Ratcliffe
					Dr M Mourshed
					Mr SAtcha MBE DL
					Mrs AY Bentinck MBE
					Mr K A Bone
					Ms E Olumide
					Mr C Shaw
CHIEF EXECUTIVE			OFFICER		Michael Houlihan
AUDITOR					Meadows &Co Limited
					Chartered Accountants	& Statutory		Auditor
					Headlands House
					1 Kings Court
					Kettering Parkway
					Kettering
					NN15 6WJ

						2021			2020
					Unrestricted	Restricted
					funds	funds	Total funds		Total funds
				Note	F	F			6
Income and	endowments
Donations and legacies				5	1,003,242	2,876,283	3,879,525	2,573,562
Charitable activities				6	214,701		214,701		95,450
Investment	income			7	360		360		370
Total income					1,218,303	2,876,283	4,094,586	2,669,382
Expenditure
Expenditure	on raising funds:
Costs	of raising donations		and
legacies						110,528	110,528		110,687
Expenditure	on charitable	activities		9,10	934,705	2,738,470	3,673,175		2,537,990
Total expenditure					934,705	2,848,998	3,783,703		2,648,677
Net income	and net movement		in funds		283,598	27,285	310,883		20,705
Reconciliation offunds
Total funds	brought forward				86,917	156,937	243,854		223,149
Total funds	carried forward				370,515	184,222	554,737		243,854

31 December 2021
			2021	2020
		Note		E
FIXEDASSETS
Tangible fixed assets		15	46,568	30,794
CURRENT ASSETS
Debtors		16	831,209	413,479
Cash at bank and in hand		1,118,204		519,562
		1,949,413		933,041
CREDITORS: amounts	falling due within
one year		17	1,354,272	509,413
NET CURRENT ASSETS				595,141	423,628
TOTAL ASSETS LESS	CURRENT LIABILITIES			641,709	454,422
CREDITORS: amounts	falling due after
more than one year		18		86,972	210,568
NET ASSETS				554,737	243,854
FUNDS OF THE CHARITY
Restricted funds			184,222	156,937
Unrestricted funds			370,515	86,917
Total charity funds		20	554,737	243,854

YEAR ENDED 31 DECEMBER 202	1
		2021	2020
		F	6
CASH FLOWS FROM OPERATING	ACTIVITIES
Net income		310,883	20,705
Adjustments for:
Depreciation oftangible fixed assets		19,298	8,018
Other interest receivable and similar	income	( 360)	( 370)
Interest payable and similar charges		27,334	11,729
Accrued income			( 225,278)
Changesin:
Trade and other debtors		( 417,730)	( 258,259)
Trade and other creditors		760,696	402,698
Cash generated from operations		700,121	( 40,757)
Interest paid		( 27,334)	( 11,729)
Interest received		360	370
Net cash from/(used in) operating activities		673,147	( 52,116)
CASH FLOWS FROM INVESTING	ACTIVITIES
Purchase oftangible assets		( 35,072)	( 34,720)
Net cash used in investing activities		( 35,072)	( 34,720)
CASH FLOWS FROM FINANCING	ACTIVITIES
Proceeds from borrowings		( 39,433)	250,000
Net cash (used in)/from financing activities		( 39,433)	250,000
NET INCREASE IN CASH AND CASH EQUIVALENTS		598,642	163,164
CASH AND CASH EQUIVALENTS	AT BEGINNING OF YEAR	519,562	356,398
CASH AND CASH EQUIVALENTS	AT END OF YEAR	1,118,204	519,562

GRANTS
Corporate	and Business Grants			100,765		344,666	445,431
Foundation	and	Trust Grants		24,252	1,410,167		1,434,419
Individual	Grants
Government grants				314,818	1,121,450		1,436,268
OTHER DONATIONS		AND LEGACIES
Other income				407,743			407,743
				1,003,242	2,876,283		3,879,525
				Unrestricted		Restricted Total		Funds
					Funds		Funds	2020
							f	6
DONATIONS
In kind contributions			from donor	726,100			726,100
GRANTS
Corporate	and Business Grants			214,515		512,928	727,443
Foundation	and	Trust Grants				111,459	111,459
Individual	Grants			7,734			7,734
Government grants						835,110	835,110
OTHER DONATIONS		AND LEGACIES
Other income				165,716			165,716
				1,114,065	1,459,497		2,573,562

6.	CHARITABL	E ACTIVITIES
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
	Employer	income		214,701	214,701	95,450	95,450
7.	INVESTMENT INCOME
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
					E
	Bank interest receivable			360	360	370	370
8.	COSTS OF RAISING DONATIONS			AND LEGACIES
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
	Costs of raising donations		and	legacies - Grants receivable		110,528	110,528
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
	Costs of raising donations		and	legacies - Grants receivable	88,001	22,686	110,687

													Unrestricted	Unrestricted	Restricted		Total Funds	Total Funds
														Funds	Funds			2021
	Overheads													34,584	442,022			476,606
	Support	costs											900,121		2,296,448			3,196,569
													934,705		2,738,470			3,673,175
													Unrestricted		Restricted		Total Funds
														Funds	Funds			2020
															8			6
	Overheads												801,307		195,277			996,584
	Support	costs											380,711		1,160,695		1,541,406
													1,182,018		1,355,972		2,537,990
10.EXPENDITURE				ON		CHARITABLE ACTIVITIES BYACTIVITY							TYPE
											Activities
											undertaken				Total funds
											directly		Support costs		2021	Total		fund 2020
														E	E			8
	Overheads										476,606		2,944,202		3,420,808			2,358,038
	Governance			costs										252,367	252,367			179,952
											476,606		3,196,569		3,673,175			2,537,990
11.NET INCOME
Net income is		stated			after		charging/(crediting):
														2021	2020
														F	6
Depreciation		oftangible				fixed assets								19,298	8,018
Foreign exchange			differences											(46)	(914)
12.AUDITORS REMUNERATION
														2021	2020
Fees	payable	for the			audit		of the financial		statements					8,425	7,350
13.STAFF COSTS
The company		has	direct			employees		and	also	in	2020 benefiitted	from the		secondment	of individuals		employed by
McKinsey UK.
The average		head		count			of employees		during		the year was 56		(2020:	19 ) The	average number		of full-time
equivalent employees					during the year			is	analysed		as follows:
														2021	2020
														No.	No.
Management
Programme delivery														41	17
Global
Support functions
														56	19

whose	remuneration	for	the	year	fell	within	the	following	bands,	were:
								2021		2020
								No.		No.
								5		2

One trustee claimed and had their travelling expenses r 15.TANGIBLE FIXEDASSETS	eimbursed of ENil (2020:643).
		Plant and
		machinery
Cost
At 1 January 2021		39,049
Additions		35,072
At 31 December 2021		74,121
Depreciation
At 1 January 2021		8,255
Charge for the year		19,298
At 31 December 2021		27,553
Carrying amount
At 31 December 2021		46,568
At 31 December 2020		30,794
16.DEBTORS
	2021	2020
Trade debtors	698,687	356,294
Amounts owed by group undertakings	86,870
Prepayments and accrued income	22,337	8,611
Other debtors	23,315	48,574
	831,209	413,479

17.CREDITORS: amounts	falling due within one year
		2021	2020
			6
Bank loans and overdrafts		123,595	39,432
Trade creditors		30,749	59,923
Amounts owed to group undertakings		639,726	149,664
Social security and other taxes		60,357	37,670
Other creditors		499,845	222,724
		1,354,272	509,413
18.CREDITORS: amounts	falling due after more than one year
		2021	2020
Bank loans and overdrafts		86,972	210,568

Unrestricte	d funds
		At	1 January			At 31
			2021	Income	Expenditure	December 2021
			f		6	6
General funds			86,917	1,218,303	(934,705)	370,515
		At	1 January			At 31 December
			2020	Income	Expenditure	2020
			6		f	f
General funds			147,051	1,209,885	(1,270,019)	86,917
Restricted	funds
		At	1 January			At 31
			2021	Income	Expenditure	December 2021
					6	6
Restricted	Funds		156,937	2,876,283	(2,848,998)	184,222
		At	1 January			At 31 December
			2020	Income	Expenditure	2020
					f	f
Restricted	Funds		76,098	1,459,497	(1,378,658)	156,937

21.ANALYSIS OF NET	AS	SET	S BETWEEN FUN	DS
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
					E
Tangible fixed assets					46,568		46,568
Current assets					968,965	980,448	1,949,413
Creditors less than	1	year			(558,046)	(796,226)	(1,354,272)
Creditors greater than		1 year			(86,972)		(86,972)
Net assets					370,515	184,222	554,737
				Unrestricted		Restricted	Total Funds
					Funds	Funds	2020
							E
Tangible fixed assets					30,794		30,794
Current assets					711,927	221,114	933,041
Creditors less than	1	year			(445,236)	(64,177)	(509,413)
Creditors greater than		1 year			(210,568)		(210,568)
Net assets					86,917	156,937	243,854
22.ANALYSIS OF CHANGES			IN NET DEBT
						At 31 Dec
				At 1 Jan 2021	Cash flows	2021
Cash at bank and in hand				519,562	598,642	1,118,204
Debt due within one year				(39,432)	(84,163)	(123,595)
Debt due after one year				(210,568)	123,596	(86,972)
				269,562	638,075	907,637