## **Trustees' Annual Report** for the period From (start date) I ~~.~~ 0 3 0 9 2 0 --- --- I to (end date)I ._ - 3 0 0 9 2 1 -' - -' **Reference and administration details** ## **Section A** Charity name T he Wipers Foundation Other names the charity is known by Registered charity number (if any) 1 1 9 1 1 3 6 Charity's principal address Soapbox Youth Centre 69 - 85 Old Street London > Postcode! E C 1 V 9 H X l l l I ~~I~~ I Names of the charity trustees who manage the charity **Name of person (or body) Dates acted if not for Trustee Name Office (if any) entitled to appoint whole year trustee (if any)** Ana-Maria Bradshaw-Murray Chair 2 Ian Stapleton Treasurer 3 Michael Oguntimehin 4 5 6 7 8 9 10 11 12 13 15 16 17 18 20 Names of the trustees for the charity, if any (for example, any custodian trustees) 14 19 **Name Dates acted if not for whole year** **March 2012** **TAR** Constitution Charitable Incorporated Organisation (CIO) Appointed by CIO members (the trustees) To advance in life and educate young people in the United Kingdom through: (a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; (b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. The Wipers Foundation is a youth charity that uses the channels of Media, Technology and Sport to improve life outcomes and increase opportunities for young people. In assessing the public benefit of the charity’s activities, the trustees have had regard to the guidance issued by the Charity Commission on public benefit. Successful grant funding application to the Vinci Foundation. Awarded £5000 for IT and VR equipment for future projects. **----- Start of picture text -----**
The charity’s reserves policy is currently being finalised by the trustees,
following guidance produced by the Charity Commission.
N/A
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**----- Start of picture text -----**
Ian Stapleton
Treasurer
2 2 0 8 2 2
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**REGISTERED CHARITY NUMBER: 1191136** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** ## **FOR** ## **THE WIPERS FOUNDATION** Scodie Deyong LLP Chartered Accountants 4 Prince Albert Road London NW1 7SN **THE WIPERS FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Statement of Financial Activities**||2|| |**Balance Sheet**||3|| |**Notes to the Financial Statements**|4|to|5| |**Detailed Statement of Financial Activities**||6|| **THE WIPERS FOUNDATION** **REPORT OF THE TRUSTEES FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** The trustees of the Wipers Foundation, a Charitable Incorporated Organisation (CIO), present their report with the financial statements of the charity for the period 3 September 2020 to 30 September 2021. 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) issued on 16 July 2014, and with the Charities Act 2011. ## **INCORPORATION** The CIO was registered with the Charities Commission on 3 September 2020. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its constitution, a governing document, as defined by the CCharities Act 2011. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1191136 ## **Registered office** Soapbox Youth Centre 69-85 Old Street London EC1V 9HX ## **Trustees** I F Stapleton Trustee (appointed 3.9.2020) M Oguntimehin Trustee (appointed 3.9.2020) A Bradshaw-Murray Trustee (appointed 3.9.2020) ## **Chief Executive Officer** S A Odoi 22.08.2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Trustee Page 1 **THE WIPERS FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** |||**Unrestricted**| |---|---|---| |||**fund**| ||**Notes**|**£**| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies||5,000| |**EXPENDITURE ON**||| |Raising funds||16| |**NET INCOME**||4,984| |**TOTAL FUNDS CARRIED FORWARD**||4,984| The notes form part of these financial statements Page 2 **THE WIPERS FOUNDATION** ## **BALANCE SHEET 30 SEPTEMBER 2021** |||**Unrestricted**| |---|---|---| |||**fund**| ||**Notes**|**£**| |**CURRENT ASSETS**||| |Cash at bank||4,984| |**NET CURRENT ASSETS**||4,984| |**TOTAL ASSETS LESS CURRENT**||| |**LIABILITIES**||4,984| |**NET ASSETS**||4,984| |**FUNDS**|3|| |Unrestricted funds||4,984| |**TOTAL FUNDS**||4,984| ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by 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 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## **1.2 Going concern** There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to our accounting policies. ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). These financial statements have been prepared in accordance with the provisions applicable to Charitable Incorporated Organisations. The financial statements were approved by the Board of Trustees and authorised for issue on 22.08.2022 ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 3 **THE WIPERS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** ## **1. ACCOUNTING POLICIES Basis of preparing the financial statements** The financial statements of the charitable company, 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) (issued on 16 July 2014)', 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 corporation 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. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 30 September 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 30 September 2021. ## **3. MOVEMENT IN FUNDS** |||| |---|---|---| |**MOVEMENT IN FUNDS**|**Net**
**movement**|**At**| ||**in funds**|**30.9.21**| ||**£**|**£**| |**Unrestricted funds**||| |General fund|4,984|4,984| |**TOTAL FUNDS**|4,984|4,984| continued... Page 4 **THE WIPERS FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** ## **3. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Movement**| |---|---|---|---| ||**resources**|**expended**|**in funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|5,000|(16)|4,984| |**TOTAL FUNDS**|5,000|(16)|4,984| ## **4. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 30 September 2021. Page 5 **THE WIPERS FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Finance**
Bank charges
Total resources expended
**Net income**|**£**
1,000
4,000| |---|---| ||5,000| ||5,000
16| ||16| ||4,984| This page does not form part of the statutory financial statements Page 6