THE VAVENGERS A charity committed to ending Female Genital Mutilation/Cutting ANNUAL REVIEW + FINANCIAL STATEMENTS 2020/21
A charity committed to ending Female Genital Mutilation/Cutting
When Women Rise We All Rise
thevavengers.co.uk
Founding Chair: Mabel Evans Founding Trustee: Hoda Ali
Trustee: Soraya Ali Trustee: Laura Amaya Trustee: Cerys Shepherd Trustee: Najmo Fiyasko CEO: Sema Gornall
The Vavengers is a charitable incorporated organisation (CIO) in England and Wales
Registration number: 1184202
Registered address: The Vavengers, 3rd Floor, 86-90 Paul Street, London EC2A 4NE United Kingdom
Contact us at: info@thevavengers.co.uk www.thevavengers.co.uk
When Women Rise We All Rise
thevavengers.co.uk
CONTENTS
Welcome: Mabel Evans, Founding Chair Welcome: Hoda Ali, Founding Trustee Welcome: Sema Gornall, CEO Engagement Report: Megan Barclay, Head of Marketing + Design What if you knew Campaign Reaching Out to Your community (ROTYC) Project Financial Report for 2020/21
The Vavengers
Annual review
In the final weeks of 2021, the UK is facing potentially another lockdown. We reflect on the last two years as an organisation and look back at what has been a challenging couple of years for many. The needs of those we support became acutely apparent as the UK went into lockdown in 2020. The Vavengers team has worked tirelessly to provide emergency support through our Community Ambassador partnership with our identified community leaders. We have run online public awareness campaigns reaching over 30,000 people. I am incredibly proud of The Vavengers team and all that has been accomplished.
Early in 2020 The Vavengers launched our COVID-19 response program, in partnership with community interest group ‘Keep The Drum, Lose the Knife’ (KDLK). The program, named ‘Reaching Out to Your Community’ was conceptualized by KDLK founder Sarian Kamara. When the pandemic struck Sarian saw the most vulnerable members of her community in Southwark Council facing dire consequences due to the lockdown restrictions.
When everyone began winding down and on furlough The Vavengers and KDLK team were working harder than ever. As a registered charity The Vavengers were able to fundraise for Sarian’s idea and support her in the formulation of it, as well as support with monitoring and evaluation and partnership and outreach opportunities.
The program now provides food vouchers, 1:1 counciling, sexual and mental health workshops, FGM/C awareness and safeguarding sessions, distribution of essential household items and legal council to our beneficiaries. Many of whom have never come into contact with any government body, or support network.
Held at The Peckham Palms in Sarian’s office and workshop space, the program has become a community hub for some of the most marginalised individuals in the Southwark area. When the Vavengers team visited the program we were blown away by the sense of community and support Sarian and her team have created.
Through this partnership The Vavengers have learnt and evolved through working closely with the KDLK team, Reaching out To Your Community has been funded by our wonderful partners at Choose Love, The Rothschild Foundation, The National Lottery Fund and more.
I would like to take this opportunity to acknowledge the tireless work of our partners in the KDLK team, they have been a rock, a safe space and an inspiration to all of those they support and also for us in The Vavengers team. We have closely listened and learned through their extraordinary expertise. Our work will continue to be guided by those with lived experience, on the front line. The Vavengers seeks to ensure that individuals working tirelessly within their communities to create lasting change are supported and acknowledged for the work that they do.
The Vavengers team, as well as our partners, fundraisers and supporters are more driven and resilient than ever. The future looks unknown, however through The Vavengers unwavering commitment to our work, we will continue to grow stronger and learn how to better support our communities and our community ambassadors.
Best wishes,
Mabel Evans Founding Chair
The last year has been difficult for the world as a whole, and the women’s rights sector has been no exception. Alongside the devastating effects of COVID-19, Gender Based Violence (GBV) has been referred to as ‘the shadow pandemic.’ Abuses against young women and girls throughout the world have continued and even increased.
But through the darkness has come immense moments of light. I’ve seen women from different sectors come together. People from different backgrounds join one another to help in the fight against Female Genital Mutilation (FGM). My name is Hoda Ali and I’m an FGM survivor, campaigner and proud co-founder of The Vavengers alongside Mabel Evans. This year I’ve taken my work outside of charity boardrooms and into the classroom.
I’ve been leading a project at Perivale Primary School funded by John Lyon’s Charity, where I host safeguarding sessions put on by the Ealing Health Improvement team and Perivale Primary School. These sessions are completely collaborative and involve work with children,
parents and school staff. I draw on my own personal experiences as an FGM survivor, my professional knowledge as a qualified nurse as well as the legal and statistical information surrounding FGM.
The importance of this project has been recognised by the John Lyon’s charity. They have agreed to provide another 3 years of funding to put on the sessions in another 25 schools across Ealing, Brent and Harrow boroughs. With the help of The Vavengers I hope to keep educating, informing and connecting with people from all walks fo life about what FGM is and how we can all work to protect young women and girls. This year has been massively transformative and transitional for our small but powerful charity. After several years at the helm our wonderful Mabel Evans has stepped down as CEO and will move into her new position, leading the Board of Trustees.
I met Mabel when she was just 17 years old and a bright-eyed young student. I gave a talk at her school about FGM. Ever since that day Mabel has been working tirelessly to help put an end to Gender-Based Violence. I am immensely proud of her but also very pleased to welcome our new CEO Sema Gornall. Sema is an exceptional young woman who has already accomplished so much in the sector. She is
making strides in transforming our charity and I am excited to see where she takes us.
Now, as I continue to teach the next generation about my personal journey and female empowerment as a whole, I am hopeful that my words may inspire others. I am confident that 2022 will be all about new beginnings and I thank you all for continuing to support myself, The Vavengers, and our ever-important work.
Best wishes,
Hoda Ali Founding Trustee
The Vavengers is an incredibly inspiring organisation built by women for women. Co-founders Mabel and Hoda built a special foundation and volunteers, funders and supporters have made it possible for The Vavengers to find success in the sector in such a short amount of time even though the last few years have been extremely challenging.
I joined The Vavengers team in the last quarter of 2021 as the CEO when it was time for The Vavengers to grow following a high demand for the services provided. As soon as I joined The Vavengers, I felt like it was home. The team has been extremely supportive during my onboarding process and we are continuing to grow with new volunteers, staff and community ambassadors to achieve our goals.
In December 2021, we have completed our very first long-term strategic plan and 2022 is an exciting year ahead for our organisation. Our plan was created in line with the United Nation’s goal of ending FGM/C in 2030. Moving forward, our work will continue to develop under three pillars: awareness & call to action campaigns,
educational programmes & outreach and direct response projects. The Vavengers will continue to work to achieve a reality where having choices is no longer considered a luxury for women and girls. As a woman who grew up in a patriarchal society that did not present many choices for women and girls, I am proud to be working with a powerhouse team in an organisation that exists to create a world where everyone is valued and equal.
I invite everyone to join us in our goal of ending FGM/C and Gender Based Violence so please get in touch with us to request a copy of our strategic plan and ways of getting involved.
Best wishes, Sema GornallCEO
ENGAGEMENT REPORT
2021 marked a turning point in our marketing approach. It was the launch of our biggest digital campaign yet (What If You Knew), the first time we used paid advertising on social platforms, and we expanded the marketing team to include 3 new volunteers. The impact of these changes are replicated in the numbers shown on the following page and has set us up for a 2022 to be filled with even bigger ones!
Best wishes, Megan Barclay Head of Design & Marketing
Annual review
The Vavengers
Engagement report
Mini ENGAGEMENT REPORT
180+
Refugees & Asylum seekers supported with legal advice, essential items and pastoral care. The work of the project leader, Sarian, was continually celebrated on our socials.
New marketing & design volunteers
3
200+ 139,958
Informative posts on social media Instagram & Facebook reach * ∞
30,657
Views of our WIYK film campaign (IGTV)
Online public awareness campaigns reaching over 160,000 people
Calls, meetings, & inspiring chats *Infinite
Engagement report
Annual review
The Vavengers
WHAT IF YOU KNEW CAMPAIGN
Our in-house campaign ‘What if You Knew’, was was directed by our Founding Chair Mabel Evans, produced by our Trustee Soraya Ali, and designed by our Head of Design & Marketing Megan Barclay. and released by our marketing team made up of volunteers – it was seen by over 30,000 people.
The campaign focused on the health inequalities affecting minoritised women in the UK as well as challenging the knowledge gap. In the digital series, we hosted our Community Ambassadors and long-time campaigners in the field: Leyla Hussein OBE, a Somali-British Psychotherapist, award-winning activist and Founder of the Dahlia Project, Magool and Co-founder of Safe Spaces for Black Women. Aissa Edon, a Midwife and activist, and Janet Fyle MBE, a Professional Policy Advisor to Royal College of Midwives.
Watch the ‘What if You Knew’ series on our YouTube or IGTV.
What if You Knew
Annual review
The Vavengers
REACHING OUT TO YOUR COMMUNITY§
Reaching Out to Your Community (ROTYC) is our community-outreach project in Peckham, London in collaboration with Keep the Drum Lose the Knife (KDLK).
A huge thank you to our community project partner KDLK and our Community Ambassador, Sarian Karim-Kamara (right), the Founder of KDLK. Sarian and many volunteers have been running the support hub tirelessly and allocating the funds raised where necessary to support FGM/C survivors and family members.
In 2020/21, the support lines to nearly 200 people included: essential items, food & travel vouchers, mental & sexual health sessions, workshops on the harms of FGM/C, one to one or couple well-being sessions, homelessness referral. We are incredibly proud of our partnership with KDLK and work to continue raising funds from our generous donors to support the hub.
What if You Knew
Annual review
The Vavengers
The Vavengers have had a strong financial year despite dealing with the challenges of the pandemic in which our main stream of revenue (public events) was effectively stopped. Despite these hurdles, donations via funding bodies have increased eightfold which means we can reach and support more people now and in the future. Our total Income for the year ending April’21 was £81,669 which was nearly an eightfold increase on prior year. We were fortunate to receive £42k from the UK Home Office which accounted for more than 50% of our funding. The remaining donations came from organisations such as “The Prism Gift Fund” and “Groundwork UK”. With their help we have continued to provide workshops and amenities to some of the most vulnerable and forgotten people in society.
On the other hand, our administrative costs increased by nearly 100%. A large portion of this was paying for rent and office staff to deal with the increased workload that came with significant demand. Some of our staff had previously been long-time volunteers and they became part-time paid staff when we released our first paid jobs.
We continue to rely heavily on donations from the public. Despite our growth in income nearly 100% of this is restricted income and allocated to project work and supporting the community. We have to continue to work hard to raise additional funds to meet the minimum operating cost requirements so that we can make our services available in more regions. Increasing our funding from unrestricted sources is crucial to continuing the growth of The Vavengers and our strategic plan.
Restricted funds are only available for expenditure as directed by the donor. This money is expected to be used over the next two to three financial years. The trustees have assessed the charity’s work and our year end accounts will be submitted and reviewed by the accountants KBC. Please continue supporting us whether you have funds available for our projects, volunteering time or pro-bono services that you can offer. In the last year, our work received an overwhelming demand and we can only continue to support our beneficiaries with your support.
Best wishes, Bid Das
Chief Financial Officer
A breakdown of where funds for the year were received:
Funder
Home office Choose Love
Comic Relief
The Rothschild The Blue Thread Private donations Safe Lives Fund
Total
£
42,269.00 19,900.00 1,000.00 1,000.00 5,000.00 9,819.00 2,500.00 81,488.00
T hank you to everyone who has supported us!
thevavengers.co.uk
The Vavengers
Charity Registration No.1184202
Report and Unaudited Financial Statements Year ended 4 April 2021
Shruti Soni Ltd Chartered Certified Accountants 117A St Johns Hill Sevenoaks TN13 3PE
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The Vavengers
Reference and Administrative Details
Status: Charity Registration No.1184202
The charity's governing document is its constitution dated 1 July 2019
Registered Office: 3rd Floor 86-90 paul Street London EC2A 4NE
Chief Executive: Sema Gornall Trustees: Mabel Evans Chair Najmo Fiyasko Soraya Abdulkadir Mohamed Ali Hodan Ali Warsame Cerys Shepherd Laura Amaya Caroline Evans Matthew Maude Bid Das Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St. John's Hill, Sevenoaks TN13 3PE
Appointed on 09 November 2021 Appointed on 18 January 2022 Appointed on 05 January 2022 Appointed on 19 November 2021 Appointed on 10 August 2021 Appointed on 07 July 2020 Resigned September 2021 Resigned November 2021 Resigned August 2021
Bankers Tide 5th Floor 1 Appold Street London EC2A 2UT
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The Vavengers
Trustees' Report for the year ended
4 April 2021
The trustees present their report and the financial statements for the year ended 4 April 2021. The financial statements comply with current statutory requirements and the requirements of the Constitution. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Background and Scope
The Trust was created by a deed dated 1 July 2019 as a Trust, exclusively for ending female genital mutilation and to create awareness of the subject. The Trust was registered with the Charity Commissioners on 1 July 2019, charity registration number 1184202.
OBJECTIVES AND ACTIVITIES
Aims and Objectives for the Public Benefit
The objectives of the charity are:
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To promote equality and diversity for the public benefit by using the arts as a vehicle to advance education and raise awareness of gender base violence.
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In particular female genital mutilation; creating public art and art activities as a means to cultivate a sentiment in favour of equality and diversity.
The Vavengers has now evolved to also offer skills and capacity building to survivors and organisations working on the front line.
ACHIEVEMENTS AND PERFORMANCE
During the year the Trust held community projects, advocacy work and campaigning aim to empower our beneficiaries to understand their rights and services available to them, whilst also creating high level awareness and understanding of the gaps in healthcare and education for the most marginalised groups living in the United Kingdom.
PUBLIC BENEFIT
In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act 2011
FINANCIAL REVIEW
Income during the year under review was £81,488 (2020: £12,139) of which £9,819 (2020: £1,353) was restricted and £71,669 (2020: £10,786) was unrestricted. Expenditure during the year was £63,338 (2020: £2,507). Of the total expenditure £52,477 (2020: £2,284) was from restricted grants. The charity had net income during the year of £18,150 (2020: £9,632). This led to a decrease in the general reserves held at the year end to £88 (2020: £1,130) and increase in restrticted funds of £27,694 (2020: £8,502). Based on these figures, the trustees consider an amount between £15,000 and £30,000 to cover between 3 to 6 months of running expenditure to be sufficient level of reserve.
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The Vavengers
Trustees' Report for the year ended
4 April 2021
RESERVE POLICY
As a small charity, it is eligible to receive mostly grants with project or purpose-based. As at the year ended, it does not yet have reserves that are allocated for reserves purposes only. However, the charity secured a few small grants in the 2021 and 2022 which are not restricted for any specific purposes and can be used to cover any costs throughout the year. Additionally, it also secured £1.9k from a corporation's social responsibility fund to use for unrestricted purposes. With increased fundraising efforst for similar grants and donations for general use, the trustees are trying to address low reserves. The trustees will regularly review the reserves level and hope to build reserves sufficient to cover costs for atleast 3-6 months.
MANAGING RISK OF HARM
In carrying out the charity’s purpose to achieve public benefit the trustees have managed risk of detriment or harm to the charity’s beneficiaries or to the public in general (which they feel is minimal). This has been achieved by identifying such risks where possible, minimising them and making sure any harm that might arise is of a minor consequence to the carrying out of such purpose.
GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements despite the low general reserves at the end of the financial year. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
FUTURE PLANS
The Trustees intend to continue to support as many women and girls as resources permit.
RELATED PARTY TRANSACTIONS
During the year A Trustee (Caroline Evans) has given £10,000 loan to the charity when charity was running low on cash to ensure beneficiaries were supported if a grant wasn’t secured on time. The loan with zero finance (no interest rate) was to be paid back if there was any grant made and if not, no payment back was expected by the trustee. The loan was never needed as a grant came in before cash ran out and the loan of £10k was given back in a few days to the Trustee. Mabel Evans is the daughter of Caroline Evans. The family relation was declared to the charity commission at the time and at the moment Caroline is no longer a Trustee. There is a paperwork drafted by a lawyer to layout the loan and bank statements to prove the Trustee didn’t make any profit. There was no outstanding balance as at the year end.
Mabel Evans is now the Chair of the Board of Trustees however she was appointed in November 2021 to be a Trustee months after Caroline Evans (mother of Mabel Evans) resigned from the board of trustees. During the year, Mable Evans received remuneration totaling to £4,628 for provising ad hoc services. Soraya Ali, trustee, also received remuneration during the year of £426 for providing ad hoc services. No other charity trustees were paid or received any other benefits from employment with the charity in the year (2020: £nil). No other charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
Statement of Trustees' Responsibilities
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).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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The Vavengers
Trustees' Report for the year ended
4 April 2021
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a) select suitable accounting policies and apply them consistently;
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b) observe the methods and principles in the Charities SORP;
c) make judgments and accounting estimates that are reasonable and prudent;
d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
This report was approved by the Board of Trustees on 17th June 2022 and signed on its behalf.
Name: Mabel Evans
(Trustee)
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Independent Examiner’s Report to the Trustees of The Vavengers
I report to the charity trustees on the financial statements of the company for the year ended 4 April 2021 as set out on pages 7 to 14.
Responsibilities and basis of report
As the charity’s trustees 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
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 that in any material respect:
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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
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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.
Shruti Soni ACCA Date: 21st June 2022 Shruti Soni Ltd ● Chartered Cer�fied Accountants 117a St. John's Hill, Sevenoaks TN13 3PE
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The Vavengers
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 4 April 2021
| Note Income from: 2 Donations and gifts Grants Total income: Expenditure on: Cost of raising funds Fundraising costs Charitable activities Direct project cost Consulting fees Support costs Bank charges IT software and consumables Printing and postage Sundry expenses Travel and subsistence Independent examination Total expenditure: Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward 7 Total funds carried forward 7 Net income / (expenditure) before other recognised gains and losses |
Unrestricted fund Restricted fund Total fund £ £ £ 9,819 - 9,819 - 71,669 71,669 9,819 71,669 81,488 217 - 217 - - 46,149 46,149 7,882 6,328 14,210 15 - 15 811 - 811 106 - 106 489 - 489 111 - 111 1,230 - 1,230 10,861 52,477 63,338 (1,042) 19,192 18,150 (1,042) 19,192 18,150 (1,042) 19,192 18,150 1,130 8,502 9,632 88 27,694 27,782 05/04/2020 to 04/04/2021 |
Unrestricted fund Restricted fund Total fund £ £ £ 1,353 - 1,353 - 10,786 10,786 1,353 10,786 12,139 69 2,284 2,353 - - - - - - 4 - 4 - - - - - - - - - - - 150 - 150 223 2,284 2,507 1,130 8,502 9,632 1,130 8,502 9,632 1,130 8,502 9,632 - - - 1,130 8,502 9,632 01/07/2019 to 04/04/2020 |
Unrestricted fund Restricted fund Total fund £ £ £ 1,353 - 1,353 - 10,786 10,786 1,353 10,786 12,139 69 2,284 2,353 - - - - - - 4 - 4 - - - - - - - - - - - 150 - 150 223 2,284 2,507 1,130 8,502 9,632 1,130 8,502 9,632 1,130 8,502 9,632 - - - 1,130 8,502 9,632 01/07/2019 to 04/04/2020 |
|---|---|---|---|
| 12,139 | |||
| 2,353 - - 4 - - - 150 |
|||
| 2,507 | |||
| 9,632 | |||
| 9,632 | |||
| 9,632 - |
|||
| 9,632 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 7 to the financial statements.
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The Vavengers
Balance sheet
As at 4 April 2021
| Note £ Current assets: 29,162 29,162 Liabilities: 5 1,380 6 7 Cash at bank and in hand Creditors: amounts falling due within one year Total net assets / (liabilities) Restricted income funds Unrestricted income funds: The funds of the charity: General funds Total charity funds |
Note £ Current assets: 29,162 29,162 Liabilities: 5 1,380 6 7 Cash at bank and in hand Creditors: amounts falling due within one year Total net assets / (liabilities) Restricted income funds Unrestricted income funds: The funds of the charity: General funds Total charity funds |
2021 £ 27,782 27,694 88 27,782 |
£ 9,782 |
2020 £ 9,632 |
|---|---|---|---|---|
| 29,162 1,380 |
9,782 150 |
|||
| 8,502 1,130 |
||||
| 9,632 |
These financial statements were approved by the Trustees on and signed on its behalf by:
Trustee
Name: Mabel Evans Date: 21st June 2022
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The Vavengers
Notes to the financial statements
For the year ended 4 April 2021
1 Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
b) Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
c) Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The charity has been successfull in securing two multi-year grants since August 2021 and also received annual funding for 12 months overall project costs in April 22 in addition to a free food supply with an open-ended partnership in January 22. The trustees believe that this is sufficient to cover our overheads, project and campaigning costs in a more sustainable way. The charity also launched its first post-pandemic event in March 22 to raise funds and raised £5k unrestricted funds to use for campaigning.
There are no key judgements that the charity has made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
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The Vavengers
Notes to the financial statements
For the year ended 4 April 2021
1 Accounting policies (continued)
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
f) Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
g) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:
Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
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Expenditure on charitable activities includes the costs of activties undertaken to further the purposes of the charity and their associated support costs
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Support costs include the cost of overall direction and administration of the charity's activities, comprising the overhead costs of the central function
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Other expenditure represents those items not falling into any other heading
h) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
i) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.
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The Vavengers
Notes to the financial statements
For the year ended 4 April 2021
1 Accounting policies (continued)
j) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2 Income from donations and legacies
| Unrestricted £ 9,819 Grants and Donations from Trusts and Foundations - 9,819 Donations from Individuals |
£ - 71,669 71,669 Restricted |
05/04/20- 04/04/21 Total £ 9,819 71,669 81,488 |
01/07/19- 04/05/20 Total £ 1,353 10,786 |
|---|---|---|---|
| 12,139 |
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For the year ended 4 April 2021
The Vavengers
Notes to the financial statements
3 Related party transactions
During the year, Mable Evans (current Chair and trustee since November 2021; and daughter of Caroline Evans, trustee at the time) received remuneration totaling to £4,628 for provising ad hoc services. Soraya Ali, trustee, also received remuneration during the year of £426 for providing ad hoc services. No other charity trustees were paid or received any other benefits from employment with the charity in the year (2020: £nil). No other charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
There was no payment or reimbursement of travel and subsistence costs to a trustees during the year (2020: nil).
No trustee or other person related to the charity had any personal interest in any contractor transaction entered into by the charity during the year (2020: nil).
During the year Caroline Evans, trustee, gave a loan to the charity of £10,000 when charity was running low on cash to ensure beneficiaries were supported if a grant wasn’t secured on time. The loan with zero finance (no interest rate) was to be paid back if there was any grant made and if not, no payment back was expected by the trustee. The loan was never needed as a grant came in before cash ran out and the loan of £10k was given back in a few days to the Trustee. Mabel Evans is the daughter of Caroline Evans. The family relation was declared to the charity commission at the time and at the moment Caroline is no longer a Trustee. There is a paperwork drafted by a lawyer to layout the loan and bank statements to prove the Trustee didn’t make any profit. There was no outstanding balance as at the year end.
During the year, the charity did not emply any staff on payroll. The trustees were responsible for the day to day running and management of the charity.
4 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
5 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Accruals | 05/04/20- 04/04/21 £ 1,380 |
01/07/19- 04/05/20 £ 150 |
| 1,380 | 150 |
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The Vavengers
Notes to the financial statements
For the year ended 4 April 2021
6 Analysis of net assets between funds
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| 05/04/20-04/04/21 | 01/07/19-04/05/20 | |||
| Unrestricted | Unrestricted | |||
| fund | Total funds | fund | Total funds | |
| £ | £ | £ | £ | |
| Net current assets | 27,782 | 27,782 | 9,632 | 9,632 |
| Net assets at the end of the year | 27,782 | 27,782 | 9,632 | 9,632 |
- 7 Movements in funds
| Movements in funds | |||||
|---|---|---|---|---|---|
| Total restricted funds General funds Total funds Total unrestricted funds Unrestricted funds: Safe lives Home office Blue Thread Prism the grant fund Home office Restricted funds: The Rothschild Barclays ML Heintz Check Groundwork |
5-Apr-20 £ 8,032 63 407 - - - - - - |
Incoming resources & gains £ 1,000 - - 1,000 2,500 29,952 12,317 5,000 19,900 |
Outgoing resources & losses £ (7,656) - - (1,000) (2,500) (19,104) (12,317) - (9,900) |
Transfers £ - - - - - - - - - |
4-Apr-21 £ 1,376 63 407 - - 10,848 - 5,000 10,000 |
| 8,502 | 71,669 | (52,477) | - | 27,694 | |
| 1,130 | 9,819 | (10,861) | - | 88 | |
| 1,130 | 9,819 | (10,861) | - | 88 | |
| 9,632 | 81,488 | (63,338) | - | 27,782 |
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The Vavengers
Notes to the financial statements
For the year ended 4 April 2021
7 Movements in funds (continued)
| Incoming | Outgoing | ||||
|---|---|---|---|---|---|
| resources & | resources & | ||||
| 1-Jul-19 | gains | losses | Transfers | 4-Apr-20 | |
| £ | £ | £ | £ | £ | |
| Restricted funds: | |||||
| The Rothschild | - | 9,000 | (968) | - | 8,032 |
| Barclays ML | - | 1,036 | (973) | - | 63 |
| Heintz Check | - | 750 | (343) | - | 407 |
| Total restricted funds | - | 10,786 | (2,284) | - | 8,502 |
| Unrestricted funds: | |||||
| General funds | - | 1,353 | (223) | - | 1,130 |
| Total unrestricted funds | - | 1,353 | (223) | - | 1,130 |
| Total funds | - | 12,139 | (2,507) | - | 9,632 |
Purposes of restricted funds
The purpose of all restricted funds during this financial year was to support the project "Reaching Out To Your Community". The project supported refugees, asylum seekers, FGM and Gender-Based Violence (GBV) survivors as well as women and girls who are at risk of GBV in Southwark, London.
8 Legal status of the charity
The charity is a Charitable Incorporated Organizations (CIO) registered with the Charity Commissioners on 1 July 2019, charity registration number 1184202. It's members are it's trustees. Currently there are 6 members.
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