REGISTERED CHARITY NUMBER: 1187603
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
FOR
LIFTING LIMITS CIO
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
LIFTING LIMITS CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
LIFTING LIMITS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Lifting Limits registered as a Charitable Incorporated Organisation after converting from a Community Interest Company (CIC) on 27th January 2020. The Charity continues in the mission to challenge gender stereotyping and promote gender equality, in and through education.
Lifting Limits works with schools and educators, providing the training and resources they need to:
-
make visible, for challenge and discussion, gender stereotyping which may exist in the school environment; and
-
equip their pupils to challenge stereotyping and inequalities wherever they may encounter them
With evidence showing that the limiting effects of stereotyping on children's aspirations, choices, behaviour and sense of 'self' start young, with gendered attitudes ingrained by the age of 10, our focus is at the early years and primary school stages of education.
Our vision is a world in which every child is free to make their own path in life, unconstrained by the limiting effects of gender stereotyping.
Significant activities
Lifting Limits supports schools through our whole school, evidence-based programme. Key components of our programme include:
-
Training for a designated Gender Champion in each school, supporting them to develop a ‘gender lens’ and equipping them to train colleagues and to embed our programme in their schools;
-
In-school training to be delivered by Gender Champions, to raise awareness of the effects of gender stereotyping on children's lives and encourage colleagues to reflect on their own role, as well as where stereotypes might be perpetuated in their school;
-
A 'gender audit' to identify areas of good practice and areas for development;
-
An extensive package of resources to prompt reflection and discussion, including: 80+ lesson plans across 12 subject areas; resources tailored to the Early Years; workshops and resources for parents and carers; assemblies; discussion cards; book lists and more;
-
Ongoing support, from Lifting Limits and through peer support.
Each lesson is designed to meet dual goals: covering the specific learning objectives as set out in the National Curriculum and also specific gender learning objectives.
These activities help schools to:
-
examine the part they play in perpetuating or challenging gender stereotypes;
-
equip their pupils to demand a more gender-equal world;
-
better represent women and their achievements throughout the curriculum;
-
ensure representation of all genders in non-stereotypical roles;
-
engage parents and carers in these conversations; and
-
increase staff confidence in addressing sexism and stereotyping with pupils, colleagues and parents
Public Interest
The Trustees have had regard to the guidance issued by the Charity Commission concerning public benefit. They are satisfied that the information given in this report, particularly regarding the activities undertaken when read in conjunction with the objectives of the charity set out above, demonstrates that the requirements to identify public benefit have been met.
Page 1
LIFTING LIMITS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Lifting Limits successfully tested its whole school programme in a pilot in five schools in the London Borough of Camden, throughout the school year 2018-19. Independent evaluation demonstrated success of the pilot in achieving its intended outcomes in relation to impact on school staff, pupils and the school as a whole and the pilot evaluation report is available at www.liftinglimits.org.uk/pilot-evaluation. The report made a number of recommendations to those bodies involved in the content, quality and delivery of children's education and we continue working to progress these recommendations.
Scaling
Throughout the school year 2022-23, we have been working with fifteen schools and two multi-academy trusts to test our scalable model, to ensure that our programme can replicate at scale the impact demonstrated in our 2019 pilot. This work started in June 2022 with two days of training delivered to a Gender Champion in each participating school, with Gender Champions then leading training and embedding the programme in their schools. The scaling pilot is showing positive impact, raising awareness of and confidence in challenging gender stereotyping in participating schools. Examples of impact have been reported by schools in children’s oracy outcomes, in more gender-mixed playtimes and in children envisaging a broader range of roles and possibilities, for themselves and others. Data analysis is taking place, with the impact evaluation report to be published in Autumn 2023.
Early Years
In 2022 we ran a pilot with Early Years settings, drawing on findings from our 2019 pilot demonstrating great potential for change in the earliest stages of education. Working with the London Borough of Camden’s early years team and three settings in the borough, we adapted and tested our programme for use with children in pre-school early years settings. The pilot demonstrated positive impact in the participating settings, with our training considered particularly valuable in supporting settings to look closely at their learning environments. The pilot prompted settings to introduce more varied books, re-think role play and dressing up clothes, examine the curriculum and lead to more positive relationships between children. As one Early Years Practitioner said following our training, “All children should be able to play with whatever they like, free from judgement.” Findings are available here.
Global Boyhood Initiative
Lifting Limits is the UK implementation partner for The Global Boyhood Initiative, a project to support children and the adults in their lives in advancing healthier concepts of boyhood. The pilot phase of the project ran until December 2022, with encouraging findings that children were starting to understand the role of gender norms in their lives and to explore equitable, inclusive and non-violent attitudes and behaviours. We look forward to the next phase of GBI work, due to start in Autumn 2023
Strategic objective for next financial year
Lifting Limits’ key strategic objectives for our next financial year are to:
-
Roll out our scalable model;
-
Further develop and roll out our Early Years model;
-
Build on the first year of our Schools Network, to retain schools’ engagement after their first year of our programme;
-
Continue to stake a claim for gender equality work across the education landscape and on the public policy agenda.
FINANCIAL REVIEW
Financial position
Income in the period relating to grants, donations and contributions totalled £179,061, with the majority being from Restricted Fund grants designated for specific areas of our work totalling £160,165. This is an increase on the prior year due to the funding received for the GBI project. The majority of income is applied to the learning programme activities with the main costs incurred being project related salaries and consultancy costs. Total expenditure during the year was £168,931 which is also an increase on the prior year but in line with the increased project work and with the Trustees’ expectations.
Page 2
LIFTING LIMITS CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
Reserves policy
Total funds retained at the end of the year comprised of £71,007 (2022: £43,675) of restricted funds and £37,041 (£55,105) of unrestricted funds.
Lifting Limit’s Reserves Policy (adopted by trustees in March 2022) provides for the Charity to hold in reserve a sum equivalent to between 3 to 6 months core operating costs. This threshold allows the charity to steer through any period of financial instability whilst maintaining core functions. The trustees review and agree the level of reserves regularly and are satisfied that Lifting Limits is maintaining an appropriate level of liquidity whilst ensuring that excessive funds are not accumulated.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution and constitutes a Charitable Incorporated Organisation (CIO).
Recruitment and appointment of new trustees
The Trustees consider recruitment of new Trustees as the need arises, having regard to the skills, knowledge and experience needed for the effective administration of the Charity. Any Trustee vacancies identified will be published and applications sought from suitably qualified candidates. Lifting Limits is an equal opportunities employer and welcomes applications from all suitably qualified persons. Trustees are appointed (for a term of four years) by resolution of the Trustees.
Organisational structure
The board of trustees administers the charity. They have appointed a CEO that oversees the day-to-day affairs.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1187603
Principal address
c/o Melinek Fine LLP First Floor, Winston House 349 Regents Park Road London N3 1DH
Trustees
M E Yule A A Van Woudenberg F M Miller Smith V Leung (resigned 25.8.22) L Roberts (appointed 27.11.22) F N K Moore (appointed 23.06.23)
Independent Examiner
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on 14 November 2023 and signed on its behalf by:
F M Miller Smith - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFTING LIMITS CIO
Independent examiner's report to the trustees of Lifting Limits CIO
I report to the charity trustees on my examination of the accounts of Lifting Limits CIO (the Trust) for the year ended 31 January 2023.
Responsibilities and basis of report
As the charity trustees of the Trust, 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
D Fine FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Date: 17 November 2023
Page 4
LIFTING LIMITS CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 18,184 160,164 Charitable activities Charitable actvities 713 - Total 18,897 160,164 EXPENDITURE ON Raising funds 2 11,425 - Charitable activities 3 Charitable actvities 53,689 103,817 Total 65,114 103,817 NET INCOME/(EXPENDITURE) (46,217) 56,347 Transfers between funds 10 29,016 (29,016) Net movement in funds (17,201) 27,331 RECONCILIATION OF FUNDS Total funds brought forward 55,105 43,676 TOTAL FUNDS CARRIED FORWARD 37,904 71,007 |
2023 Total funds £ 178,348 713 179,061 11,425 157,506 168,931 10,130 - 10,130 98,781 108,911 |
2022 Total funds £ 99,829 6,960 106,789 14,076 42,053 56,129 50,660 - 50,660 48,120 98,780 |
|---|---|---|
The notes form part of these financial statements
Page 5
LIFTING LIMITS CIO
BALANCE SHEET 31 JANUARY 2023
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 80 Cash at bank 44,753 44,833 CREDITORS Amounts falling due within one year 9 (6,929) NET CURRENT ASSETS 37,904 TOTAL ASSETS LESS CURRENT LIABILITIES 37,904 NET ASSETS 37,904 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 10,966 60,041 71,007 - 71,007 71,007 71,007 |
2023 Total funds £ 11,046 104,794 115,840 (6,929) 108,911 108,911 108,911 37,904 71,007 108,911 |
2022 Total funds £ 161 100,978 101,139 (2,359) 98,780 98,780 98,780 55,105 43,675 98,780 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 14 November 2023 and were signed on its behalf by:
F M Miller Smith - Trustee
The notes form part of these financial statements
Page 6
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
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.
continued...
Page 7
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
2. RAISING FUNDS
Raising donations and legacies
| Funding consultancy 3. CHARITABLE ACTIVITIES COSTS Charitable actvities 4. SUPPORT COSTS Charitable actvities |
Finance £ **(1,227) ** |
Direct Costs £ 147,335 Other £ 5,452 |
|
|---|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
6. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Senior Management (CEO) Education Management |
2023 £ 70,512 1,376 1,627 73,515 2023 1 2 3 |
2022 £ 30,346 - 593 |
|---|---|---|
| 30,939 | ||
| 2022 1 1 2 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 68,629 Charitable activities Charitable actvities 6,960 Total 75,589 EXPENDITURE ON Raising funds 14,076 Charitable activities Charitable actvities 23,328 Total 37,404 NET INCOME 38,185 RECONCILIATION OF FUNDS Total funds brought forward 16,920 TOTAL FUNDS CARRIED FORWARD 55,105 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income Prepayments |
Restricted funds £ 31,200 - 31,200 - 18,725 18,725 12,475 31,200 43,675 2023 £ 10,966 80 11,046 |
Total funds £ 99,829 6,960 106,789 14,076 42,053 56,129 50,660 48,120 98,780 2022 £ - 161 161 |
|---|---|---|
continued...
Page 9
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Head of Education Global Boyhood Initiative TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds Head of Education Global Boyhood Initiative TOTAL FUNDS |
At 1.2.22 £ 55,105 43,676 - 43,676 98,781 follows: |
Net movement in funds £ (46,217) 16,365 39,982 56,347 10,130 Incoming resources £ 18,897 31,200 128,964 160,164 179,061 |
|
|---|---|---|---|
continued...
Page 10
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.2.21 | in funds | 31.1.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,920 | 38,185 | 55,105 |
| Restricted funds | |||
| Head of Education | 31,200 | 12,475 | 43,675 |
| TOTAL FUNDS | 48,120 | 50,660 | 98,780 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 75,589 | (37,404) | 38,185 |
| Restricted funds | |||
| Head of Education | 31,200 | (18,725) | 12,475 |
| TOTAL FUNDS | 106,789 | (56,129) | 50,660 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.2.21 | in funds | funds | 31.1.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 16,920 | (8,032) | 29,016 | 37,904 |
| Restricted funds | ||||
| Head of Education | 31,200 | 28,840 | - | 60,040 |
| Global Boyhood Initiative | - | 39,982 | (29,016) | 10,966 |
| 31,200 | 68,822 | (29,016) | 71,006 | |
| TOTAL FUNDS | 48,120 | 60,790 | - | 108,910 |
continued...
Page 11
LIFTING LIMITS CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Head of Education Global Boyhood Initiative TOTAL FUNDS |
Incoming resources £ 94,486 62,400 128,964 191,364 285,850 |
Resources Movement expended in funds £ £ (102,518) (8,032) (33,560) 28,840 (88,982) 39,982 (122,542) 68,822 (225,060) 60,790 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
Page 12
LIFTING LIMITS CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| 2023 Unrestricted Restricted Total funds funds funds £ £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 2,184 - 2,184 Gift aid - - - Grants 16,000 - 16,000 Grants - restricted - 160,164 160,164 18,184 160,164 178,348 Charitable activities School training and programmes 200 - 200 Workshops 250 - 250 Other earned income 263 - 263 713 - 713 Total incoming resources 18,897 160,164 179,061 EXPENDITURE Raising donations and legacies Funding consultancy 11,425 - 11,425 Charitable activities Wages 25,712 44,800 70,512 Social security 1,376 - 1,376 Pensions 1,002 625 1,627 Freelance consultancy 5,100 - 5,100 Workshops & teaching - - - Training 581 - 581 Teaching - 1,600 1,600 Curriculum freelancer - 17,800 17,800 Project lead - 37,340 37,340 Memberships 883 - 883 Scaling project costs 10,516 - 10,516 45,170 102,165 147,335 Support costs Finance Foreign Exchange gain/loss - (1,227) (1,227) Other Insurance 503 - 503 Carried forward 503 - 503 |
2022 Total funds £ 14,016 3,653 50,960 31,200 99,829 6,880 - 80 6,960 106,789 14,076 30,346 - 593 5,600 675 55 - - - - - 37,269 - 202 202 |
|---|---|
This page does not form part of the statutory financial statements
Page 13
LIFTING LIMITS CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| Unrestricted Restricted funds funds £ £ Other Brought forward 503 - IT & Marketing Costs 1,036 - Misc office expenses 221 400 Recruitment 51 - Meeting costs 439 - Resources & Training Material - 427 Travel and subsistence 323 2,052 2,573 2,879 Governance costs Accountancy fees 4,452 - Independent examiners fees 1,494 - 5,946 - Total resources expended 65,114 103,817 Net income (46,217) 56,347 |
2023 Total funds £ 503 1,036 621 51 439 427 2,375 5,452 4,452 1,494 5,946 168,931 10,130 |
2022 Total funds £ 202 478 295 482 - - - 1,457 2,247 1,080 3,327 56,129 50,660 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14