Twinning Project Report of the Trustees and Unaudited Financial Sialemenls Year Ended 31 December 2023 Registered Charity Number: 1183066
Twinning Project Report and Financial Ststements for the year ended 31 December 2023 Contents Page.. Reference and adminislralive information Report of the Trustees Independent Examiner's Report Slalemenl of Financial A¢livilies Ilncorporaling the Income an¢J Expenditure acxounll Stslemenl of Financi81 Position ststemenl of Cash Flows 10 - 26 Notes forming parl of the Financial Slalemenls
Twinning Project Reference and administrative information for the year ended 31 December 2023 Trustees David 8aTry Dein MBE (Chairl Barone55 Karren 8rady CBE Mark Paul Phillips KC Richard Nicholas Parry Dame Sally Coales Nigel William Wray lan Edward Wright OBE Jason Swettenham MBE Jonathan Peter Martin Norbury Gregory Dyke Rollo William Orlando Head Roberl James Sullivan Prlnclpal Offlc• 5th Floor, 167-169 Great Portland Street, London. W1W SPF Independent Examlnors Alder Shine LLP Aston House Cornwall Avenue London N3 ILF Bankers Lloyds Bank Plc, 25 Gresham Street. London, EC2V 7HN Logal •dvlsors Stephenson Harwood LLP 1 Finsbury Circus London EC2M 7SH Northridge Law 90 Bartholomew Close London EC1A 7BN
Twlnnlng Prole¢t Report of the Trustees for the year ended 31 December 2023 The Trustees present their report along wilh the financial slalements of the charity for the year ended 31 December 2023. The Financial Sialemenls have been prepared in accordance with the accounting policies sel out on page 10 10 13 and comply with the Foundation's Constslulion and applicable law. Status and admlnlstratlon The Foundation is 8 Charitable Incorporated Organisation (cio) governed by Its Constitution signed on 23 Aprll 2019. The Foundation was registered by the Charity Commission of England and Wales on 23 April 2019. Structure. Governance and Managornent The charity is consliluled as a Charitable Incorporated Organisalion, as defined by the Charities Act 2011 and Is therefore governed by Its Constitution signed on 23 April 2019. 11 Is 8 reglslered charity no. 1183066. The Trustees who have served during the year and since the year end are sel out on page 1. The fi'rst Iruslees are as follows land are appointed for three years from the date on which the CIO is registered as a charilyl.. David Barry Dein MBE Barone55 Karren 8rady CBE Mark Paul Phillips KC Richard Nicholas Parry Dame Sally Coales Nigel William Wray lan Edward Wright OBE Jason Swellenham MBE Jonathan Peter Martin Norbury Gregory Dyke Rollo William Orlando Head Robert James Sullivan All Trustees have chosen lo continue for another year. Where there Is a requirement for new Trustees, this would be Idenlifled by the remalning Truslees. There should be not less than three appointed Trustees and up to one nominated Trustee. There shall b& no maximum number of appointed Iruslees. The charity Iruslees will make available lo each new charity Trustee, on or before his or her first appointment a copy of the current version of the conslilulion., and a copy of the CIO'S latest Trustees Annual Report and statement of accounts. Rlsk management The Trustees have examined the major strategic, business and operational risks which the charity laces and confirm that systems have been established to enable regular reports lo be produced so that such risks are ¢onlinuously monitored and that appropriate slep$ can be taken lo lessen these risks. The prison eslale continues lo lace a challenging period as staff shortages and an increase in prison population place pressure on the individual prisons, ability lo support Twinning Project delivery. The Chief Executive is In regular contact with senior partner5 al HMPPS and the MOJ lo monitor these circumstances and ensure delivery is oplimised where al all possible. The current economic climate, increase in inflation, the energy crisi5 and the challenges facing households with regard lo the cost of living has ultimately impacted the charity both on a fundraising perspective and holistically as these factors could lead lo an increase in demand lor our services. As the charily has now reached a point whereby graduates are beginning lo find employment within the community with our third-parly stakeholders, the Trustees and leadership of the Twinning Project are conscious of the reputational risk that may be al stske, should a graduate go on lo reoffend. The charity has a risk register, and the ¥isks are being managed together with our communications agency, football and criminal justice partners.
Twlnnlng Prole¢t Report of the Trustees for the year ended 31 December 2023 (continued) Grant maklng pollcy All applications received are considered by the Funding Committee on their own merit lor suitsbility of funding and are assessed lo ensure that grants made are in line with the charity's objectives. The Funding Committee consists of three Trustees and the Chief Executive. Publ1¢ beneflt In meeting the objectives the Trustees have given careful consideration lo the Charity Commission's general guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 8 on page 16. Oblectlves and Actlvltl85 The objectives of the CIO are to promole for the public benefit the rehabililalion ol offenders and the reduction of re-offending by advancing the education and training of the offenders in the following way.. By providin9 or supporting the provision of training of offenders in- football coaching, stewardin9 and adminislralion skills., andlor refereeing and other malch official skills., andlor similar skills in relation lo other sports., andlor ancillary skills or other skills likely lo improve their chances ol employment generally. by su¢h other means as the ¢harily trustees Shall think fit. Nothing in this conslilulion shall aulhorise an application of the properly of the CIO for the purposes which are not Charitable. Achlevem•nts and Performanc• In the year, 125 cohorts were delivered in 63 prisons with 1,760 learners participating. From there. 1,376 graduates were awarded their Football in Coaching Level 1 qualification. Following the award from the Ministry ol Justice, the pilot whereby a literacy element was incorporated into the Twinning Project course continued. There as a probation pilot featuring both Sheffield United and Sheffield Wednesday which proved successful. Additional probation courses were undertaken by Greater Manchester and NE Probation Services. Further academic research has been published and all signs continue lo be very encouraging. A report will be released in Autumn 2024.
Twlnnlng Prole¢t Report of the Trustees for the year ended 31 December 2023 (continued) Flnanclal revlew During the year the charity Teceived £201,40812022 - £139,939) in donations and £115,40212022 - £828,290) of income from charitable activities. comprising grant funding. The charity also received £34,20012022 £Nill of income from fundraising. The significant decrease in grant fundin9 is almost entirely down lo the granting. in the prior year, of £790,623 from the Ministry ol Justice toward the Literary Project. Other grants received came primarily from PCCS for the provision ol football training. Total expenditure in the year was £1,322,28212022 - £652,096). resulting in net expendilufe of £971.27212022- nel income of £316,133). The increase is, again, primarily due lo the funding received lor the Lilerary Projecl, which was spent in the current year. Twinning Project is a national charity that requires a high overhead lo ensure that our delivery is tsking place effectively across the country. The high cost is salaries for the people that oversee the dellvery. Ros8rv•s pollcy The charity holds both unreslricled and restricted funds. General unrestrlctod funds Unreslricled funds are spent al the discretion of the Trustees. The Trustees do not consider that any minimum level of resources is required. The lolal value of unreslricled funds as 81310ecember 2023 is £734,803 deficit12022 £494,154 delicill. The charity considers the unreslrieled funds lo represent the freely available reserves. Although the unrestricted funds are in deficit the Trustees would continue to fvnd any deficit going forward to ensure the continued operations of the charlty. R•strlctod funds Reslricled funds are amounts Ihal have been sel aside lo support the costs lo run loolball training and coaching in designaled prisons. The specific reslriclions are declared by Ihe donor al the lime of making the donalion. The lolal value of reslricleé funds as al 310ecember 2023 is £60.000 {2022 - £790,623). Details of the reslricled funds held by the charity can be found in Note 22. Fundralslng The Twinning Project as a Charity is dependent on fundraising lo continue the valuable work it undertakes within the criminal justice system. The fundraising is multifaceted but predominantly dependent on fundraising events and applications lo other grant making inslilulions. To date the charity has received support from foundations, local police and crime commissioners, and local charities with a focus on criminal justice. Any fundraising activities are managed internally in line with the Code of Fundraising Practice standards. The charity does not exchange data with other parties and has not purchased supporter mailing lists. There have been no complaints made lo the charity during the period. The charity maintains records of all supporters, donors and gifts received and ensures that these records are regularly reviewed and monitored lo check that contact with donors is done in line wilh any preference which they have slated lo us. The charity does not carry out active telephone fundraising or mailing campaigns and does not knowingly contact vulnerable individuals or those who have opted out of mailing contact. There was one fundraising event in January 2023. The charity aims lo hold 5 events in 2024 including one major event. The lolal largel for these events are approximately £342,000.
Twlnnlng Prole¢t Report of the Trustees for the year ended 31 December 2023 (continued) Plans for the future The Trustees intend lo continue providing grants in a similar way lo the recent past bul retaining flexibility as lo the timing, and scale of grant making. Activity will also be funded by third parties, where applicable. There are a number of fundraising events planned for the future. Trustoes, responslbllltles The Trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations. Charity law requires Ihe Trustees to prepare financial slalemenls for each financial year in accordance with United Klngdom Generally Accepted Accounllng Practice (United Kingdom Accounting Standards and applicable lawl. Under charity law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and lair view of the stale of affairs of the charity and ol the incoming resources and application of resources. including the income and expendrture, of the charity lor that period. In preparing these finan¢ial $181emenl$, the Trustees are required lo= select suitable accounting policies and then apply them consislenuy., make judgements and eslimales that are reasonable and prudent., stsle whether applicable UK Accounting Standards have bèen followed. subject lo any material departures disclosed and explained in the financial slalemenls., and prepare the financial statements on the going ¢on¢ern basis unless it is inappropriate lo presume that the ¢harily will continue in business. The Trustees are responsible for keeping adequate accounting records that are Sufficient lo show and explain the charity s transactions and disclose with reasonable accuracy al any lime the financial posilion of the charity and enable them to ensure that the financial slalemenls comply with the Charities Act 2011. 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 irregularilie$. Approval This rewrt was approved by the Trustees antj signed on their behalf by.. David Barry Dein MBE Trustee Jonathan Pgtor Martin Norbury Trustee Dale.. 28th October 2024 Dale- 28th October 2024
Twlnnlng Prole¢t Independent Examlner's Report to the Trust60s of the Twlnnlng Prolo¢t We report to the charity Trustees on our examination of the accounts of the charity for the year ended 31 December 2023. ResponsSbllltles and basls of report As the Trustees of the charity you are responsible for the preparation of the 8¢¢0unts in a¢¢ordan¢e with the requiremonls ol the Charillos Act 2011 I'the 2011 Acl'l. We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145{5llb} of the 2011 Act. Independent examlnèr's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified lo undertake the examination because we are a member of the Institute of Chartered Accounlanls in England and Wales, which is one ol the listed bodies. Your attention is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has been withdrawn. We understand that thls has been done In order for the accounts lo provlde a true and fair vlew In accordance with the Generally Accepted Accounllng Pracllce effecllve for reporting periods beglnning on or after 1 January 2015. We have completed our examination. We conlirm that no matters have come lo our allenlion in connection with the examlnatlon glvlng us cause lo belleve that In any malerlal respect.. accounting records were not kept in respect ol the charity as required by section 130 of Ihe 2011 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 conlenl 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 1$ not a maller consKlered as part of an independent examination. We have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the acGounls lo be reached. This report is made solely lo the charity's Tru51ees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken 50 that we might slate lo the charity's Trustees those matters we are required lo stale lo them in an independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for our work or for this report. Signed.. Name.. Alexander Chrysaphiades FCA Adler Shine LLP Aston House Cornwall Avenue London N3 1LF AIL Jf Mr Dated.. 30 October 2024
Twinning Project ststement of Flnanclal Activities {incorporating the Income and Expendlture Account) for the year ended 31 Oecember 2023 Notes Unrestricted Funds Restricted Funds 2023 2022 Income from Donations Charitsble activities Fundraising activities 198,408 3.000 115.402 201.408 115.402 34.200 139,939 828,290 34,200 Total Incorno 232,608 118,402 351.010 968,229 Expendlturo on Raising funds Charitsble activities 39.097 489,118 39.097 1,283.185 7,876 644,220 794,067 Total •xpendltur• 528,215 794,067 1,322,282 652,096 Nat l•xpendltur•)Ilncom• 1295,607) {675,6651 1971,272) 316,133 Nat movemènt In funds b•foro galns and transfors 23 1295,6071 {675,6651 1971.272) 316,133 Transfer between fund$ 23 54,958 154,9581 Total lunds as at 1 January 2023 1494,1541 790.623 296,469 119,6641 Total funds at 310èc8mb8r 2023 23 1734,8031 60,000 1674.803) 296,469 All funds relate lo conllnulng aclivllies. The notes on pages 10 10 26 form part of these financial slalemonls.
Twinning Project Statement of Financial Positlon as at 31 December 2023 Reslaled 2022 Charty number: 1183066 Note 2023 Flxed Assets Intangible assets Tangible 8$sels 15 16 2,434 633 4,279 1,138 3.067 5.417 Currènt Assets Sl(Kk Debtors Cash at bank and in hand 17 18 6,043 18,582 114.869 26,931 589,106 410,356 139.494 1,026.393 Currènt Llabllltlès Gredilor5'. amounts falling due within one year 19 1157.8641 1198,8411 Nèt Current Assèts 118.370) 827,552 Total assets 18ss currant Ilabllltl85 115.303) 832,969 Non Current Llabllltl•s Creditors.. amounts falling due after one year 21 1659.5001 1536,5001 Total net assèts 24 1674.8031 296,469 Fund5 of tho Charity Unreslricled Funds Reslricled Funds 23 23 1734.803) 60,000 1494,1541 790,623 Total Funds 23 1674,8031 296,469 For details of the prior year restslement see note 27. The financial slalemenls were approved by the Trustees and aulhorised for issue on.. Davld Barry Deln MBE Trustee Jonathan P8t&r Martln Norbury Trustee Date.. 28th October 2024 Dale- 28th October 2024 The notes on pages 10 to 26 form part of these financial ststemenls.
Twinning Project Statement of Cash Flows for the year ended 31 December 2023 2023 2022 Net Income for the reportlng perlod las per the statement of flnanclal actlvltles) Adjuslmenls for.. Depreciation Amortisalion Ilncreasel in stock Ilncreasel in debtors Increase in creditors (971,2721 316.133 505 1,845 20,888 570,524 110,9771 405 1.823 18,7641 1231,3181 46.533 Nel cash generated operallng acllvllies 1388,4871 124.812 Cash flow from Investlng actlvltles: Purchase of intangible fixed assets Purchase of tangible fixed assets 19301 18891 Net cash provldèd by Investlng actlvltles: 11,8191 Cash flow from flnanclng actlvltlas: Drawdown of loan Repayment of loan 125,000 132,000} 113,0001 N•t cash provlded by flnanclng actlvltl•s 93.000 113,0001 Change in cash and cash equivalents in the year 1295,4871 109,993 Cash and cash equivalents al the beginning ol the year 410,356 300,363 Cash and cash equlvalents at the end of th¢ year 114,869 410,356 The statement of nel debt is included in note 25. The noles on pages 10 to 26 form part of these financial slalemenls.
Twinning Project Notes forming part of the financial statements for the year ended 31 Oecember 2023 Status of charSty The charity is registered in England and Wales under the Charities A¢1 2011. The registered office is given on the Reference and adminislralive information page and the principle activities are given in the Report of the Trustees. Accountlng polScles {a) Basls of preparatlon The financial slalemenis have been prepared on a going concern basis under the historical cost convention. The financial slalemenls have been prepared in accordance with the Statement of Recommended Practice.. 'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. (The Charities SORP 2nd Edilionl. the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. and the Charitles A¢t2011. The charity conslilules a public benefit enlily as defined by FRS 102. The lin8ncial slalemenls are prepared in sterling, which is the funelion81 ¢urrency ol the charity. Monetary amounts in these financlal statements are rounded to the nearest £. The preparation of financial statements in compliance with Section 1 A of FRS 102 requires the use of certain critical accounting eslimales. 11 also requires management lo exercise judgement in applying the charity's accounting policies Isee note 31. The following principal accounting policies have been applied consislenlly: GoSng concern The Irusloes consider that thero are no malorial uncertainties about the ¢harily's ability lo continuo as a going concern. Income Income from donations is included in income when there is entitlement. probability of receipt and the amount Can be measured with sufficient reliability. Income from charitable activities, comprising grant income, is recogni5ed when there is enlillemenl. probability of receipt and the amount can be measured with sufficient reliability. Where donor has specrfied that certain pre-conditions must be fulfilled before use, the charity is not enlilled to the income until these pre-conditions are fulfilled. In these cases amounts received are recognised in the relevant period or when the pre-condrtions have been mel and until then Irealed as deferred income. Donations and grants for particular purposes are included in income as restricted funds. Income from fundraising activities is included in the period in which the event look place. 10
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) AccountSng pollcle5 (continued) Expenditure Expenditure is included in the Slalemenl of Fin8nci81 Actsvities on an accruals basis. inclusive of any VAT which cannot b8 recovered. Expenditur8 is recognised when a liability is incurred. Ralslng funds Costs ol raising funds are those costs incurred in allracling voluntary income. Chaiitable activities Costs of charitable activities includè overhead, support costs and direct costs. Supporl costs include the wages and salaries costs as well as the costs of running the charity. The support costs are deemed lo be any other costs that are not allributable lo directly undertaking grant funding and have been allocated lo chafitable activities on a basis consislenl with the use of resources. Governan¢e ¢o$ts ¢omprise of a¢¢ountan¢y fees. independent examination lees and legal lees. The direct costs include team kil ¢o$ls, nsUltaneY fees and Iralning costs. Grant fundlng Grants payable Comprise performan¢&related gronls, whiGh are deemed lo o¢¢ur when the speclfled performance-related condillons have been fulfilled. Tanglble flxed assets Tangible fixed assets under the cost model are stsled al historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly allribulable lo bringing the asset lo the location and condition necessary for il lo be capable of operating in the manner intended by management. Depreciation is provided on the following basis.. Office equipment- 20°/o slraighl line Taxatlon The charity is exempl from lax on ils charitable aclivilies. Penslon The charity operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate enlily. Once the contributions have been paid the charity has no further payment obligations. Tho contributions are recognised as an expense in the Statement of Financial Activities when they fall due. The assets of the plan are held separately from the charity in independently administered funds. Forelgn currencles Assets and liabilit$ in loreign currencies are translated into sterling al the rates of exchange ruling the Balance Sheet dale. Transactions in foreign currency are translated al the rale of exchange ruling at the date of the Iransaclion. Exchange differences are taken into account in arriving al the operating result.
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) AccountSng pollcle5 (continued) Intanglblfr assots Intsngible assets are initially recognised al cost. After recognition, under the cost model, intangible assets are measured at cost18ss any accumulated amort15alion and any accumulated irnpairrnenl losses. All intangible as5els are considered lo have a finite useful lrfe. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed len years. Amortisalion is provided on the following basis.. Website - 20./0 slrai9hl Ilne Impalrment The carrying values of intangibles and tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. Stock A stock Is held of team kll not yel donated. 11 is measured al the lower of the cost and net realSsable value of the sep8r8le items of stock. Stock is provided free as parl of the charitable aclivily, so nel re81is8bla value is based on the service potential provided by the items of stock. If the sloek items continue lo meet the need lor which it was purchased, then il is not written down lo a nil realisable value except where the ilern of stock is damaged or obsolete. Damaged or obsolete stocks are written down as an expense. Flnanclal Instrum•ntS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 88sic financi81 instruments are initially recognised al transaction value and subsequently measured al Ihelr selllemenl value. Impaimienl of finan¢lal assets Financial a55ets. other than those held al fair value through the slalement of finan¢ial a¢livilie$, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a resull ol one or more events that occurred after the inilial reco9nilion of the financial asset, the eslimaled future cash flows have been affected. The impalrmenl loss Is recognised In the statement of financial aclivilies. Oerecognilion of financial assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire. or when il Iranslers the financial asset and subslanlially all the risks and rewards of ownership lo another entity. Derecognilion of financial liabilities Financial liabilities are derecognised when, and only when, the charity obligations are discharged, cancelled. or they expire. 12
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) AccountSng pollcle5 (continued) Debtors Short-lerm debtors are measured al transaction price, less any impairment. Cash at bank and In hand Cash is represented by cash in hand and deposits with financial inslilulions repayable wilhoul penalty on nolice of not more than 24 hours. Creditors Short larm creditors are measured al the transaction price. Concessionary loans received are inillally recognised al the amount received, and adjusted annually to reflect repayments and any impairment. Funds structure Funds received lor a purpose specified by the doner are credited lo the restri¢ted funds. Expenditure incurred on these purposes is then charged lo the funds as it is incurred. Unreslricled income funds comprise those funds which the Iruslees are free lo use for any purpose in furtherance of the charitable obiecls. Unreslricled funds include designated funds where the Iruslees, al their discrellon, have created a fund for a specific purpose. Judgemonts and key sourcos of ostlmatlon uncertalnty Preparation of financial slalemenls require tru51ees lo exercise judgement in applying the charity's accounting policies. Eslimales and assumptions used in the preparation of the financial statements are continually reviewed as necessary. In preparing these financial statements, the trustees have had lo make the following judgements.. Determine whether there are indicators ol impaifmenl of the charity's tangible and inlangible assets. Factors taken into consideration when reaching such a decision include the economic viability and expected future financial performance ol the asset and where il is a component of a largest cash generating unil. the viability and expected future performance of that unil. Inlanglble flxed assets (see note 151 Intangible fix¢d asse15 aro amortised over their us¢ful lives. The aelual lives of the assets and rèsidual valuos are assessed annually and may vary depending on a number ol factors. In re-assessing asset lives, factor5 such as technological innovation, product lifecycles and maintenance programrnes are laken into account. 13
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) Judgement5 and key sources of estlmatlon uncertalnty (continued) Tangible fixed assets (see note 161 Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives ol the assets and residual values are assessed annually and may vary depending on a number ol factors. In re-assessing asset lives, factors such as technological innovalion, product lifecycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions. the remaining life of the asset and piojecled disposal values. Ageing of the loan Inole 221 The loan is repayable al varying rates, depending on the charity's bank balance. The measurement of the amount of loan repayable within more than one year is therefore an estimate based on the forecast of the performance ol tho charity. Incomo from donatlons Unr•strlct•d R•strlct•d Fund6 Funds Unrestricted Funds Restricted Funds 2023 2022 The Blavalnik Family Foundation Football Association Foundation Darren Dein Other donations Pears Family HMPPS Centrica Action Funder 8erjerano P Varney The Direelory guys 15.002 15,002 7,000 15,210 7,760 10,000 59,967 25,000 7,000 15.210 7.760 10,000 59,967 25,000 179,408 179,408 3,000 3.000 3.000 5.000 11,000 3,000 5,000 11,000 198,408 3,000 201.408 139,939 139,939 14
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) In¢ome from ¢haritable a¢tivitie$ 2023 2022 Fundln to Football ¢lub$'. Surrey Police & Crime Commissioner grant The Siaffordshire Police, Fire and Crime Commissioner grant Colyer Fergusson Charitable Trust- Charllon Colyer Fergusson Charitable Trust- Gillingham Cambridge Constabulary Lincolnshire PCC Ocado WS Skills & Work solutions Eranda Rothschlld Foundallon HMPPS 3,333 13.334 3,333 6,667 5,000 5,000 1,000 6,667 3,333 s,000 50,000 23,331 Ll 8ra Pr Ministry ol Justice 27,071 790.623 115,402 828,290 Funding to football clubs compris&s grants recelvable from third parties for the provlsion of football trainlng In Ilne with the charity s objectives. The Literacy Project represents money receivable from the Ministry ol Justice for a literacy project in line with the charity s objectives. All income from charitable activities was reslricled in the current and prlor year. Income from fundralslng actlvltles 2023 2022 Auction income 34,200 All Income from fundraising aclivS1ies was unreslrlcled In both years. 15
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) Expendlturo on ralslng funds 2023 2022 Cost of funds raised Advertising & marketing Fundraising event5 1.578 7.178 30.341 314 5.118 2.444 39.097 7.876 All expenditure on raising funds was unrestricted in both years. Exp•ndltur• on ¢harltablo #¢tlvltlo$ Actlvlllg$ Grant Und•rt•ken dlrectly fundlng Support ¢o$ti l¥•• notg 91 nol• 101 18ee not• 111 Tot¥1 2023 Total 2022 Funding lo football clubs Literacy project 50.426 21.611 200,288 471.390 269.735 269.735 520,449 762.736 644,220 72,037 671.678 539.470 1.283.185 644,220 Expenditure on charitsble 8clivilies l018lled £1.283.18512022- £644,220) ofwhlch £794,06712022- £37.6671 was reslricled and £489.11812022 - £606,553) was unreslrlcted. ActlvltS•5 und•rtakan dlrectly Unrestrlcttd Funds Rtstrlcttd Funds Unrestri¢t?d Funds ReslTicltrd Funds 2023 2022 Team kil Consultancy fees Direct training costs 70,687 1.350 70,687 1.350 40.292 1,035 1.500 40,292 1,035 1,500 72,037 72,037 42,827 42.827 16
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 10 Exp•ndSturo on grants 2023 2022 AFC Flyde AFC Wimbledon Birmingham City Bolton Wanderers Brentford Burton Albion Charllon Athletic Coventry Cily Crystal Palace Derby County Doncaster Rovers ExelerlPlymoulh Harrogale Hartlepool Huddersfield town Hull Ipswich Town Leeds United Lincoln City Luton Town Middlesborough 2.300 2.500 7.500 7.645 5.000 5,000 5,000 2,453 5,000 1,460 5,000 4,100 2,500 2,086 3,600 5.000 2.086 5.000 20.146 5.000 7.402 1.277 5.000 2,500 7.661 10.000 2,500 2,500 5,080 2,554 7,500 2,500 7,500 7,500 5,000 5.000 5,000 2,500 5,000 MK Dons Morecambe Newport County Nolls County Oldham Athleti Oxford United Pelerborough United Port Vale QPR Salford City Scunlhorpe United Sheffield United Sheffield Wednesday Stoke Cty Sunderland Tranmere Rovers Walsall Wigan Alhlelic Wrexham AFC Wycombe Wanderers Twinning USA 2,500 5,000 3,500 2,500 5,000 6,500 5,000 5.000 1.500 2.500 10.500 12.500 2.500 5.000 5.000 7.500 5.000 5.000 7.500 5.000 5.000 3.771 2,500 2,500 10,000 5.000 5.000 200.288 130,333 17
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 10 Expendlture on grants Iconlinuedl 2023 2022 Llteracy Proleet: Grant fundln9 C8rdiff City Consullan¢y Everton Leicester City Port Vale Stoke City Wesl Ham 81,537 5,300 61,729 117,629 61,929 81,537 61,729 471,390 671.678 130.333 11 support costs 2023 2022 Governance Amortisalion Office costs Client enlertalnment Bad debts Depreciation Other stsff costs Travel Staff costs Gifts Insuran¢e Corporation tsx penalty 81.118 1.845 28.118 4,029 128.1891 505 5,144 52.033 391,252 368 3.247 46,664 1,824 7,106 3,151 11,650 406 12,035 35,075 351,636 315 1,098 539.470 471,060 The below table represents the governance costs for the charity.. 2023 2022 Accountancy fees Independent examiner lees Legal fees 57,473 2,000 1.901 30.935 1,400 14,329 61,374 46,664 18
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 12 Trustee$. remuneration and benefits During the year, none of the Trustee5 have been paid any remuneration or received any other benefits from the charity12022 £Nill. 13 Trustoes. 8xp8nses During the year, no Iruslees, expenses were incurred12022 - £Nill. Details of transactions with Iruslees can be found In Note 26. 14 Employèès 2023 2022 Wages and salaries Employers national insurance Pension 354,531 34,322 2.399 316,545 32,528 2,563 391,252 351,636 During the year. thefe were on average 7 employees12022 - 3 employees). The following number of employees earned emduments above £60.000 within the bands shown below.. £110,000- £120,000 012022- 11 £130,000 - £140,000 112022 - 01 The lolal employrnenl benefits of the key management personnel were £132,00012022 - £120,000). The Chief Executive Officer is determined lo be Key Management Personnel. 19
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 15 Intanglble Flxed Assets Webslto costs Cost Al 1 January 2023 Additions 9,225 At 31 De¢ember 2023 9,225 Amortisalion Al 1 January 2023 Charge for the year 4,946 1.845 At 31 D•comb•r 2023 6,791 Nel book value Al 31 December 2023 2,434 Al 31 December 2022 4,279 16 Tanglblfr Flxod Assets Offlc• equlprn•nt Cost At 1 January 2023 Additions 2,527 At 31 December 2023 2.527 Amort1$81ion Al 1 January 2023 Charge for the year 1,389 505 At 31 December 2023 1.894 Nel book v81ue Al 31 December 2023 633 Al 31 December 2022 1,138 20
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 17 Stocks 2023 2022 Team kil 6,043 26.931 The impairment of stock recognised in the year was £Nil12022 - £Nill. 18 Debtors 2023 2022 Trade receivables Provision lor doubttul debts 2,500 2.500 Gr8nls receivable Other debtors Prepayments 548.201 100 38,305 18,582 18.582 589,106 The bad debt charge during Ihe year was a credit of £28,18912022 - wrile-off of £11,650), comprising £Nil 12022 - £32.4811 of write-off of bad and doubtful debts. and the wrile-ba¢k of £28,18912022 - £Nill. 19 Cr•dltors: Amounts falllng due wlthln on• year Reslaled 2022 2023 Trade payables Accruals Deferred income (see note 201 Loans (see note 221 Other creditors Pensions payable 68.605 26,062 66,397 19,808 22.500 83,308 5.830 998 53,308 9,524 365 157,864 198,841 For details of the prior year restatement see note 27. 21
Twinning Project Notes forrning part of the financial staternents for the yoar ondod 31 Decgmbgl 2023 {¢ontinu9d) 20 Defgrred income 2023 2022 Al 1 January Amounts released to income Amounts deferred in the year 22,500 {22,5001 28,334 123,3341 17,500 Al 310ecember 22,500 Deferred income primarily relates lo income received by way of performance related grants for which the performance conditions have not yel been mel. Deferred income ol £Nil12022 - £2.5001 relating lo an event after the year end has also been included. 21 Crndltors.. Amounts falllng due after one year Restated 2022 2023 Loans (see note 221 659,500 536,500 For detslls of Ihe prlor year r8slalement see note 27. 22 Loans Reslaled 2022 2023 Davld Dgln Charltable Trust Loan Oue within 1 year 53,308 53,308 D B Deln Loan Due within 1 year Due in 1-2 years Due In 2-5 years Due in more than 5 years 30,000 36,000 126,000 374,500 60.000 180,000 419.500 6S9,500 566.500 712,808 619.808 For details of the prior year restatement see note 27. 22
Twinning Project Notes formlng part of the financial statements for the year ended 31 December 2023 (continued) 22 Loans Icontinuedl Included within loans due within 1 year is a loan balance of £53,308 12022 £53.3081 due lo David Dein Charitable Trust. The loan is interest free and repayable on demand. The remaining loan balance of £659,50012022 £566.5001 is from D B Dein, a Trustee of the charity. The loan is interest free and repayable on the expiry ol al least 5 yearfs notice. The loan shall be repaid monthly on varying scales once the charity holds more than £200,000 in their bank account. 23 G•n•ral and restrlcted lunds Fund balaneès 1 January 2023 Fund balane•s 31 D•eemb•r 2023 Restricted funds Incom• Exp•ndltur• Transf•rs Literacy Project HMP Rochester HMP Cookham Wood HMPPS Action Funder- Greene King WS Skills & Work solutions Eranda Rothschild 790,623 27,071 3,333 6,667 23,331 3,000 5,000 50.000 (762.7361 {54,9581 3,333 6,667 123,3311 13,0001 15,0001 50,000 Total r•strlct•d funds 790,623 118,402 {794,0671 {54,9581 60,000 Unreslricled funds 1494,1541 232.608 {528.2151 54,958 1734,8031 General unrfjstrlcted funds 1494.1541 232,608 (528.2151 54,958 1734,8031 Total funds 296,469 351,010 11,322,282) 1674,8031 23
Twinning Project Notes formlng part of the flnanclal statements for the year ended 31 December 2023 (contlnued) 23 Gonèral and rèstrictèd funds Iconlinuedl Fund balances 1 January 2022 Fund balances 310ecember 2022 Restrleted funds Income Expenditure HMP Coldlngley HMP Drakehall and HMP Dovegate HMP Rochester HMP Cookham Wood HMP Peterborough HMP Lincoln Literacy Project HMP Bullingdon 3,333 13,334 6,667 3,333 5,000 5,000 790,623 1,000 13,3331 113,3341 16,6671 13,3331 15,0001 15.0001 790,623 11,0001 Total rostrlcted funds 828,290 137,6671 790,623 General unr•strlct•d funds 119,664) 139,939 1614,4291 1494,1541 Total funds 119,664) 968,229 1652,0961 296,469 Restrlcted fund8 Reslricled funds represent grants provlded lor the lollowlng InstSlutlons and parlnershlps., Restrlded grant Grant.maker Football Club HMP Coldingley HMP Drakehall and HMP Dovegale HMP Rochester HMP Cookham Wood Surrey Police and Crime Commissioner The Slaffordshire Police, Fire and Crime Commissioner Colyer Fergusson Charitable Trust Colyer Fergusson Charitable Trust The Cambridgeshire Police and Crime Commissioner Lincolnshire Police and Crime Commissioner Ocado AFC Wimbledon Portvale and Stoke City Gillingham FC Charllon Alhletic HMP Pelerborough HMP Lincoln HMP Bullingdon Action Funder- Greene King WS Skills & Work Solutions Peterborough United Lincoln City Oxford Cty Action Funder- Greene King Ipswich Town Sheffield Wednesday and Sheffield United WS Skills & Work Solutions In addition. a grant was received from the Ministry of Justice for the following inslitulions.. HMP Liverpool (Everton FCI. HMP Slocken (Leicester City FCI, HMP Stoke Heath Isloke City FC), HMP Drake Hall (Port Vale), HMP Chelmsford (Wesl Ham United FC) and HMP Cardiff Icardrfl Cily FCI. 24
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 23 Genoral and restrlcted funds (conlinuedj A further grant was received from the Eranda Rothschild Foundation for the following inslilulions.. HMP Aylesbury Iwycombe Wanderers FCI, HMP Berwyn ITranmere Rovers FCI, HMP 8ullingdon (Oxford United FCI, HMP Coldingley IAFC Wimbledon), HMP Deerboll (Harllepool United FCI, HMP Five Wells (Luton Town FCI, HMP Forest 8ank18ollon Wanderers FCI, HMP Hewell (Coventry City FCI, HMP Hull IHLJII City AFC), HMP Humber Iscunlhorpe United FCI, HMP Kirklevinglon Imiddlesborough FC}, HMP Randy (Lincoln City FCI, HMP Risley Isalford City FC), HMP Springhill IMK Dons FCI. HMP Sudbury IDerby County FS), HMP Thorn Cross Iwigan Alhlelic FC) and HMP Warren Hill Ilpswich Town FC). A further grant was received from HMPPS. for the following inslilulions.. HMP Belmarsh Icharllon Athletic FCI, HMP Fores18ank (Bolton Wanderers FC), HMP Hollesley 8ay Ilpswich Town FCI, HMP Thorn Cross (Wigan Athletic FCI. HMP werringlon18irmingharn City FCI. HMP Welherby (Leeds United FC}, HMP Low Newton Isunderland AFCI, HMP New Hall IHuddersfield Town FCI. HMP Warren Hill Ilpswich Town FCI. HMP Deerboll IHarllepool United FCI. HMP Humber Iscunlhorpe United FCI, HMP Springhill IMK Dons FCI, HMP Aylesbury (Wycombe Wanderers FCI. HMP Dartmoor (Plymouth Argyle FC) and HMP Foston Hall (Derby County FC}- 24 Analysls of net assetsllllabllltlesl between funds Restated Unr8slrict8d Funds Unr•strlct•d R•strlct•d Funds Funds Restricted Fund5 Restated 2022 2023 Tangible assets Intangible assets Current Assets Current Liabilities Creditors due after one year 633 2.434 79,494 1157.8641 633 2,434 139,494 1157,8641 1,138 4,279 235,770 1198,8411 1,138 4.279 1,026,393 1198,8411 60,000 790,623 1659,5001 1659,5001 1536,SOOI 1536,5001 1734,8031 60,000 1674,8031 1494,1541 790,623 296.469 For details of the prior year reslalement see note 27. 25
Twinning Project Notes forming part of the financial statements for the year ended 31 December 2023 (continued) 25 Analysls of net debt Restated Balancè as at 1 January 2023 Cash movem&nt Balanc8 as at 31 D•cèmb•r 2023 Cash in bank and al hand David Dein Charitable Trust Loan D B Dein Loan 410,356 153,3081 1566,5001 1295,487} 114,869 153,308} 1659.500} 193,0001 1209.452) 1388,487) 1597.939} For details of the prior y6ar reslalement Soe note 27. 26 Related partles The Charity has a loan payable lo David Dein, a Trustee of the charity. The loan is interest free and repayable orb the expiry ol al least 5 yearfs notice. The loan shall be repaid monthly on varying scales once the charity holds rnore than £200.000 in their bank account. During the year the charity repaid £32,00012022 - £13,000) and received £125,00012022 - £Nill. Included within creditors is the loan balance of £659.50012022 restalgd - £566.500). Included within creditors 1$ a loan balan¢e of £53,30812022 reslaled.. £53.3081 due to Davld Dein Charitable Trust, of whl¢h David Dein. a trustee of the charity is also a Trustee of the charitable trust. 27 Prlor year restatement During the year, management performed a review of the loan balances held by the charity. 11 was identified that a loan due within 1 year of £53.508 made to the charity from David Dein Charitable Trust was presented as due in more than one year, and further presented as b8ing part ol the loan from D 8 Dein. This has resulted in an adjustment lo the comparative figures for the year ended 31 December 2022. sel out throughout the accounts. In the prior year, creditors falling due wllhln 1 year has been restated by £53,308 from £145,533 10 £198,841, and creditors falling due within more than 1 year has been restated by the same amount from £589,808 to £536,500. There was no impact on result for the year or opening or closing reserves. 26