Charity no. 1186900
# **The Clewer Initiative Report and Unaudited Financial Statements 5 April 2023**
## **The Clewer Initiative**
## **Reference and administrative details**
## **For the year ended 5 April 2023**
|**Charity number**|1186900|
|---|---|
|**Registered office and**|357 Desborough Avenue|
|**operational address**|High Wycombe|
||Buckinghamshire|
||HP11 2TH|
|**Trustees**|The trustees who served during the year and up to the date of this report|
||were as follows:|
||Dr Barry Lynch|
||The Right Reverend Alastair Redfern|
||Carol Wotherspoon|
|**Bankers**|Hampden & Co.|
||9 Charlotte Square|
||Edinburgh|
||EH2 4DR|
|**Independent examiners**|Godfrey Wilson Limited|
||Chartered accountants and statutory auditors|
||5th Floor Mariner House|
||62 Prince Street|
||Bristol|
||BS1 4QD|
1
## **The Clewer Initiative**
## **Report of the trustees**
## **For the year ended 5 April 2023**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
The charity was registered on 12 December 2019 as a charitable incorporated organisation (CIO). The charity began its operations during the previous reporting period (6 April 2021- 5 April 2022).
## **Objectives and activities**
To relieve the needs of people in the United Kingdom and worldwide who are at risk of, or who have been subject to, modern slavery and/or human trafficking, primarily (but not exclusively) by: (a) raising awareness of all aspects of modern slavery, (b) providing and/or facilitating support to those who have suffered from modern slavery, (c) developing strategies to detect modern slavery; and to advance the education of the public on all aspects of modern slavery, including (but not limited to) how to identify victims and those at risk, how to report instances of modern slavery and how to support those who have been subject to modern slavery.
The trustees have had due regard to the guidance issued by the Charity Commission on public benefit in their oversight of the main activities undertaken by The Clewer Initiative during the year referred to in this report.
## **Achievements and performance**
During the period covered by these accounts The Clewer Initiative has been used to move money from the Community of St John Baptist General Purposes CIO (Charity number: 1173961) to The Archbishops’ Council (Charity number: 1074857). Additional small sums were received as general donations.
During the year under review the charity made grant payments to 1 institution totalling £830,000 (2022: £245,000). The charitable work funded by these grants is carried out and reported on by The Archbishops’ Council.
## **Plans for future periods**
The Clewer Initiative has the ability to operate independently from the Archbishops’ Council and this will be considered as part of the strategy for the Community of St John Baptist General Purposes CIO in 2023 and onwards.
## **Financial review**
At the end of the reporting period the charity had reserves amounting to £3,648 (2022 £4,747), and bank balances of £4,908 (2022: £5,947).
The trustees pursue a policy of maintaining a level of free reserves available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks. Due to the minimal administrative costs incurred by the charity, the trustees do not deem it necessary to have set risk or reserves policies. The trustees won’t be taking on any unfunded liabilities and CSJB has guaranteed the funding until May plus redundancies. A long term funding plan is being put in place to continue the charity.
2
## **The Clewer Initiative**
## **Report of the trustees**
## **For the year ended 5 April 2023**
## **Structure, governance and management**
The trustees of The Clewer Initiative are founder trustees who were approached to set up the CIO because of familiarity with the work of the Community of St John Baptist. Trustees are appointed by a resolution passed at a properly convened meeting of the existing charity trustees. There must be between 3 and 10 trustees at any time.
## **Statement of responsibilities of the trustees**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- ▪ state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee are not required to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 25 January 2023 and signed on their behalf by
Carol Wotherspoon - Trustee
3
## **Independent examiner's report**
## **To the trustees of**
## **The Clewer Initiative**
I report to the trustees on my examination of the accounts of The Clewer Initiative (the CIO) for the year ended 5 April 2023, which are set out on pages 5 to 12.
## **Responsibilities and basis of report**
As the charity trustees of the CIO 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 CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## William Guy Blake
Date: 26 January 2023 **William Guy Blake ACA Member of the ICAEW** For and on behalf of: **Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
4
## **The Clewer Initiative**
## **Statement of financial activities**
## **For the year ended 5 April 2023**
|Note
**Income from:**
Donations
2
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
4
**Net income / (expenditure) and net movement in funds**
7
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**2023**
**Total**
**£**
**830,898**
**830,898**
**831,997**
**831,997**
**(1,099)**
**4,747**
**3,648**|2022
Total
£
250,960|
|---|---|---|
|||250,960|
|||246,213|
|||246,213|
|||4,747
-|
|||4,747|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. All income and expenditure pertain to unrestricted funds in the current and prior reporting periods.
5
## **The Clewer Initiative**
## **Balance sheet**
## **As at 5 April 2023**
|Note
**Current assets**
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
10
**Net current assets**
**Net assets**
**Funds**
Unrestricted funds
**Total charity funds**|**£**
**4,908**
**4,908**
**1,260**|**2023**
**£**
**3,648**
**3,648**
**3,648**
**3,648**|2022
£
5,947|
|---|---|---|---|
||||5,947
1,200|
||||4,747|
||||4,747|
||||4,747|
||||4,747|
Approved by the trustees on 25 January 2023 and signed on their behalf by
Carol Wotherspoon - Trustee
6
## **The Clewer Initiative**
## **Statement of cash flows**
|**For the year ended 5 April 2023**|||
|---|---|---|
|**Cash used in operating activities:**
Net movement in funds
Adjustments for:
Increase in creditors
**Net cash provided by / (used in) operating activities**
**Increase / (decrease) in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2023**
**£**
**(1,099)**
**60**
**(1,039)**
**(1,039)**
**5,947**
**4,908**|2022
£
4,747
1,200|
|||5,947|
|||5,947
-|
|||5,947|
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
7
## **The Clewer Initiative**
## **Notes to the financial statements**
## **For the year ended 5 April 2023**
## **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 in 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).
The Clewer Initiative meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the 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.
## **d) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **e) Expenditure and irrecoverable VAT**
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.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
8
## **The Clewer Initiative**
## **Notes to the financial statements**
## **For the year ended 5 April 2023**
## **1. Accounting policies (continued)**
## **f) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. The charity does not currently expend significant resources on raising funds, and all costs of support and governance have been directly allocated to charitable activities.
## **g) Grants payable**
Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).
## **h) 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.
## **i) Creditors**
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.
## **j) Financial instruments**
The trust 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 recognised at amortised cost using the effective interest method.
## **2. Income from donations**
|The Community of St John Baptist General Purposes CIO
Other grants < £1k
**Total donations**|**2023**
**Total**
**£**
**830,000**
**898**
**830,898**|2022
Total
£
250,000
960|
|---|---|---|
|||250,960|
## **3. Government grants**
The charity received no government grants in the current year. In the prior year the charity received government grants, defined as funding from Buckinghamshire Council to fund charitable activities. The total value of such grants in the period ending 5 April 2022 was £250. There are no unfulfilled conditions or contingencies attaching to these grants.
9
## **The Clewer Initiative**
## **Notes to the financial statements**
## **For the year ended 5 April 2023**
## **4. Total expenditure**
|Grants paid (note 5)
Bank fees
Accountancy fees
**Sub-total**
Allocation of support and governance costs
**Total expenditure**
Total governance costs were £1,260 (2022: £1,200).
**Prior year comparative**
Grants paid (note 5)
Bank fees
Accountancy fees
**Sub-total**
Allocation of support and governance costs
**Total expenditure**|£
830,000
-
-
830,000
1,997
**831,997**
£
245,000
-
-
245,000
1,213
246,213
Charitable
activities
Charitable
activities|£
-
17
1,980
1,997
(1,997)
**-**
£
-
13
1,200
1,213
(1,213)
-
Support and
governance
costs
Support and
governance
costs|**2023 Total**
**£**
**830,000**
**17**
**1,980**|
|---|---|---|---|
||||**831,997**
-|
||||**831,997**|
||||2022 Total
£
245,000
13
1,200|
||||246,213
-|
||||246,213|
10
## **The Clewer Initiative**
## **Notes to the financial statements**
## **For the year ended 5 April 2023**
## **5. Grants payable to institutions**
All grants were made for the purpose of reducing the prevalence of modern day slavery. The amount payable and committed in the period for this period and future periods comprise the following:
Total grants committed to during the year were as follows:
|**2023**
**No.**
**Educational grants:**
The Archbishops' Council
**1**
Total grants payable to institutions|**2023**
2022
**£**
No.
**830,000**
1
**830,000**|2022
£
245,000|
|---|---|---|
|||245,000|
Allocation of support costs to grant making activities is given in note 4.
## **6.[Grant commitments]**
|Grant commitments brought forward
Grants committed during the period
Grants paid during the period
Grant commitments carried forward
**Net movement in funds**
This is stated after charging:
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
▪Independent examination (excluding VAT)|**2023**
**£**
**-**
**830,000**
**(830,000)**
**-**
**2023**
**£**
**Nil**
**Nil**
**1,050**|2022
£
-
245,000
(245,000)|
|---|---|---|
|||-|
|||2022
£
Nil
Nil
1,000|
## **7. Net movement in funds**
## **8. Staff costs and numbers**
The charity did not employ any staff during the year.
The key management personnel of the charitable company comprise the trustees. The total employee benefits of the key management personnel in the current and prior year were £nil.
## **9. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
11
## **The Clewer Initiative**
## **Notes to the financial statements**
## **For the year ended 5 April 2023**
## **10. Creditors: amounts due within 1 year**
|**Creditors: amounts due within 1 year**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Accruals|**1,260**|1,200|
## **11. Related party transactions**
Carol Wotherspoon and Dr Barry Lynch, trustees, are also trustees of The Community of St John Baptist General Purposes CIO (CSJB). The Clewer Initiative receives grants from CSJB and forwards these on to The Archbishop's Council. During the year the charity received grant income of of £830,000 (2022: £250,000) from CSJB. All transactions were carried out at arms length.
12
William Guy Blake ACA Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD
25 January 2024
Dear Guy
## **Letter of Representations on the Financial Statements for the Year Ended 5 April 2023**
We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:
1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 8 November 2022, under the Charities Act 2011 for preparing financial statements, in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 5 April 2023.
2. We confirm that all accounting records have been made available to you for the purpose of your examination, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your examination.
3. We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements.
4. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that we have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
5. We confirm that the charity has no liabilities or contingent liabilities other than those disclosed in the financial statements.
6. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework.
CharIE_03_2019
7. We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.
8. We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework.
9. We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees except as disclosed in the financial statements.
10. We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.
11. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.
12. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.
13. We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficiencies in internal control of which we are aware.
14. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, employees, former employees, regulators or others.
15. We confirm that, in our opinion, the charity’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved.
16. We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole.
17. We confirm that we are not aware of any matters of material significance that should be reported to regulators. We confirm that all correspondence with the Charity Commission has been made available to you.
18. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.
Yours sincerely
Carol Wotherspoon - Trustee For and on behalf of the trustees of The Clewer Initiative