## **COMMUNITY TECHAID**
**Annual Report and Accounts For the year ended 31 March 2024**
**Charity registration number: 1193210**
**(Charity Reg. No: 1193210)**
**Trustees’ Report for the year ended 31st March 2024**
## **Contents**
|**Reference and Administrative Information**|**3**|
|---|---|
|**Letter from the Chair**|**4**|
|**Annual Report of the Trustees**|**6**|
|**Independent Examiner’s Report**|**18**|
|**Statement of Financial Activities**|**19**|
|**Balance Sheet as of 31st March 2024**|**20**|
|**Notes to the Financial Statements for the year ended 31st March 2024**|**21**|
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
## **Reference and Administrative Information**
The Board of Trustees are pleased to submit their report and independently examined financial statements for the year ended 31st March 2024.
COMMUNITY TECHAID was incorporated on 22[nd] January 2021 and is a registered charity (number 1193210). Its objects, powers and other constitutional matters are set out in its Constitution dated 22[nd] January 2021. These financial statements comply with current Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
**Charity Name** COMMUNITY TECHAID **Charity** The Charity was registered with the Charity Commission on 22 January 2021. **Registration** The registration number is 1193210 **Registered** Community TechAid, 336 Brixton Road, London, SW9 7AA **Office Objects** The following objects are for the public benefit of those living in London:To relieve need of those whose ability to access the internet and other digital technologies is limited by reason of their age, ill-health, disability, financial hardship or other social or economic disadvantage, with a view to reducing social isolation or exclusion for these beneficiaries by assisting in the provision of access to digital education and information technologies, providing recycled / donated laptops, other computer equipment, support, education and training that the trustees deem appropriate. **Board of** The Trustees who served during the year or who were serving at the date of **Trustees** this report were: Linda Heiden (chair) (appointed 6 September 2020) Phil Shoesmith (appointed 14 September 2021) Ashley Horsford (appointed 1 December 2021) Sarah Olubunmi (appointed 1 December 2021) Ivan Beckley (appointed 1 December 2021) Benjamin Roback (appointed 2 March 2023) Jason Scott-Taggart (appointed 2 March 2023) Shamima Akhtar (appointed 2 March 2023) Soha Adams (appointed 2 March 2023) **Bankers** The Co-operative Bank p.l.c P.O. Box 101, 1 Balloon Street, Manchester M60 4EP **Independent Examiners** Additude Ltd, 9 Rhapsody Court, London NW10 5DF
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
## **Letter from the Chair**
Community TechAid (CTA) was founded with a clear and compelling mission: to combat the digital divide in our community and prevent environmental decline by rescuing IT devices from landfill and repurposing them.
In a world that is increasingly digital, access to technology is essential for full participation in society. Yet, over 1 million households disconnected their broadband last January due to rising costs, joining the many others who are already cut off from the digital world. We know that expanding digital access is crucial to fostering community cohesion and well-being.
The urgency of the climate crisis cannot be overstated. With one of the hottest summers on record in the UK and e-waste now the fastest-growing waste stream globally, the need for sustainable solutions is clear. At CTA, we are committed to promoting a circular economy where waste is transformed into resources that tackle both social and environmental challenges.
Our dedicated team has fostered an environment that is not only productive but also welcoming and supportive, allowing our volunteers to thrive. By engaging volunteers in our mission, we’ve discovered that CTA is also meeting other critical needs in our community. Young people find valuable work experience and opportunities to build their skills and confidence. For those returning to work after a health crisis or a period of full-time caregiving, rebuilding self-esteem is essential. Asylum seekers and refugees gain much-needed experience in a British work environment, improving their English language skills, and reducing isolation. And many others simply appreciate the chance to give back in a meaningful way.
Whatever their motivations, our volunteers are the heart of CTA. We are deeply grateful for their incredible contributions, from refurbishing laptops to enhancing our social media presence and delivering digital skills sessions. Without their dedication, none of our achievements would be possible.
We are thrilled to share how our efforts have significantly expanded our impact year after year, making a tangible difference in the lives of those we serve. This report documents how the move into our new premises has been essential to increasing our capacity and improving our ability to deliver our much needed service.
As we continue to grow, we stand alongside those advocating for universal digital access, knowing that our work is contributing to a more equitable and sustainable future.
Linda Heiden Founder & Chair of Trustees
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
## **Annual Report of the Trustees**
## **1. Structure, Governance & Management**
## **1.1. Structure**
COMMUNITY TECHAID is a registered charity.
## **1.2. Governance**
Governance of the Charity is exercised through the Board of Trustees (‘the Board’). The Board is made up of independent lay members who are responsible for the Charity’s conduct and for ensuring that it satisfies all legal and contractual obligations. The Trustees are volunteers and are not remunerated for their time. The Board is comprised of 8 Trustees with wide international experience in finance, senior management, and Information Technology. The Board is responsible for setting the Charity’s strategic direction and is ultimately accountable for how effectively the Charity meets its defined aims through direct charitable activity.
The Board employs staff members who support the Charity’s strategic planning and operational activities. Trustees meet at least four times a year; financial and operational reports are provided to the Board quarterly.
## **1.3. Trustee Investment Powers**
Investment powers are governed by the Trust Deed. There are no restrictions on the charity’s absolute powers of investment to the extent that any retained funds that arise are dealt with by depositing surpluses into the COIF Charities Deposit Fund or with authorised banks.
## **1.4. Trustee Recruitment, Induction and Training**
The Chair of the Trustees is appointed by the Board of Trustees.
The Board of Trustees has power to appoint additional Trustees to ensure that all relevant skills and experience are represented. Every Trustee must be appointed by a resolution of the Trustees. The appointed Trustees fulfil their duties without any term limitations. A Trustee shall cease to hold office if they (1) are disqualified for acting as a Trustee by virtue of sections 178 and 179 of the Charities Act 2011 or any statutory re-enactment or modification of that provision, (2) are no longer able to fulfil duties due to medical reasons, (3) are absent without the permission of the Trustees from all their meetings held within a period of six months, (4) notify to the Trustees a wish to resign.
The induction process for any individual newly-appointed to the Board of Trustees comprises an initial meeting with at least 2 board members and the staff team. A newly appointed trustee will receive:
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
- Constitution and articles of association
- Most recent financial statements
- Links to all Impact Reports issues to date
- The organisation’s strategic objectives for the year
- the Charity Commission's guidance 'The Essential Trustee'.
## **1.5. Principal Risks and Uncertainties**
The Charity undertakes periodic reviews for different areas of risk including, insurance cover; health and safety policies in the workplace; financial affairs; personnel practices; ICT technology. In relation to these matters, and apart from matters completely outside the Charity’s control, the Trustees consider that the risks to which the Charity is subject have been mitigated to a satisfactory level.
The Charity closely manages its finances. A budget is approved before the beginning of the year. All expenditure is monitored against budget and authorised by the Chair and Treasurer who are responsible for ensuring that the expenditure remains within agreed limits.
The Trustees consider the major risks to the organisation in regular board meetings, in response to updates from the senior staff team. These include financial risks, ensuring an appropriate level of reserves are held, and that all activities adhere to the organisation's objectives, vision, mission and values.
## **1.6. Reserves Policy**
The charity holds free reserves for a variety of purposes. In a relatively steady operating environment such purposes would include:
- a financial buffer to cushion any unexpected fall in income – in addition to the contingency contained within the charity’s operating budgets;
- meeting cashflow requirements caused by delays in receipt of fee or grant income;
The charity’s free reserves stood at £89,240 (2023 - £47,940) on 31 March 2024. The Trustees remain of the view that a minimum level of free reserves of £120,000 roughly equivalent to six months of core operating costs, should be maintained. While we build reserves up to that level, the charity is committed to ensuring that no reduction in reserves occurs.
## **2. Activities and Strategies**
Community TechAid (CTA) is a South London charity dedicated to providing universal access to the digital world while prioritising environmental sustainability.
2023-24 was a big year for us: thanks to support from the National Lottery Reaching Communities fund, we were able to open our new Digital Community Hub in the heart of Lambeth.
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
The need for our service and support skyrocketed in 2023 and thanks to the hard work of our team and supporters so did the number of organisations, businesses and residents keen to donate and volunteer. By early 2023 we knew that we needed to find a larger home for our growing community and to meet the increasing demand for our support. We know that developing a trusted space dedicated to digital inclusion and opportunity is vital for those we work with, helping to build trust, not just in the tools needed to get online, but in us as a support network.
Our space has since become a place where our volunteers and beneficiaries come together and learn from one another, building relationships and sharing knowledge. Three times the size of our previous home, we’ve been able to significantly increase the number of people that we support. We provided over **1000** devices to individuals across south London and enabled over **300** to access a mobile internet connection. We delivered several programmes of workshops in collaboration with local partners aimed at strengthening and supporting digital skills, and launched our partnership programme focused on enabling local businesses to give back to the community.
The Board confirm that they have complied with the duty in the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
## **3. Our Impact**
Over the past year, we’ve helped hundreds of people gain the support they need, enhancing health outcomes, well-being, and creating opportunities for our community to thrive. Our efforts have centred on deepening our impact and fostering collaboration to ensure more people can access the tools and opportunities the online world offers. This year, we’ve also prioritised expanding our reach, focusing on supporting those in areas that haven’t traditionally accessed our services, with special attention to residents in Southwark.
## **3.1. Provision of Devices**
Key to our work is providing access to the technology needed to engage online.
We repaired, reused and recycled **3500** laptops, smartphones, desktop computers and other devices throughout the past year. Over **1000** of these devices have been passed onto digitally excluded members of our south London community to enable them to access the digital world and benefit from the online world.
## **3.2. Provision of supporting technologies**
Digital inclusion requires more than a single piece of technology; peripheral items such as chargers, keyboards, mice and headphones – and sometimes assistive technology – are essential.Over the past 12 months we have reused and repurposed approximately 800 kgs of peripheral equipment.
This peripheral equipment has gone on to support hundreds of people across south London including headphones for students and larger screens for those with visual impairments.
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
## **3.3. Connectivity**
To make the most of a device and to fully engage in the online world, households need a steady internet connection. Part of our work throughout the past year has been focused on exploring community solutions to connectivity. In partnership with Careful Trouble we conducted a diary study of 10 households in Southwark to understand the barriers that young families face to accessing steady internet access.
As well as exploring community solutions we have been supported by Vodafone and the Good Things Foundation to provide mobile data to over 300 individuals.
## **3.4. Digital Skills**
As well as exploring solutions to connectivity and providing refurbished devices, we have been expanding our digital skills support. Our new home has enabled us to increase the number of 1:1 Quickstart sessions that provide coaching to individuals on how to use their devices whilst building confidence. We have delivered over 100 hours of 1:1 coaching sessions since April 2023 and are committed to increasing this element of our service in the coming 12 months, recognising that it plays an important role in lifting people out of digital poverty.
We have also been working closely with ClearCommunityWeb to deliver desperately needed digital skills workshops to parents. ClearCommunityWeb is a Community Interest Company (CIC) dedicated to helping individuals develop digital skills, confidence, and awareness, fostering independence and community connections.
Continuing our pilot from 2022 we delivered 6 more desperately needed multi-session workshops to parents in North Lambeth at Henry Fawcett Children’s Centre. These workshops focused on building and strengthening foundational digital skills knowledge. Many of the families attending the Children’s Centres are experiencing complex needs and often require additional support, from healthcare and mental wellbeing to employment and housing. We first began working together in 2021, supporting families with laptops and smartphones so they could access online support, but realised that we were only tackling part of the issue.
All those who took part are now able to access tools and services they couldn’t before. When asked how the device had changed their day to day life, all commented on how they would use it to support their children with tasks like homework. Over half spoke about how they would use it to create and write word documents for job applications and homework. Our devices come with software such asLibreOffice, which is free and does not require an internet connection, enabling users to write and edit documents whenever and wherever convenient.
**“I can now create and edit documents at home which will help with work and day to day life. It also means I will use my phone less to carry out certain activities, helping to preserve battery and potentially reduce screen-time.”**
- Karen
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
This programme has helped to strengthen our existing partnerships with ClearCommunityWeb and the North Lambeth Better Start Children’s Centre network, as well as improving outcomes for participants. We are now exploring the possibility of developing similar programmes with other children’s centres.
## **4. Contribution made by the community**
Our success and growth so far reflect the value our community places on our work. Countless individuals have supported us through donations and volunteering, alongside the organisations and individuals who directly benefit from our services. We strive to engage our community in every aspect of our work, relying on their feedback and ideas to keep us closely connected to the people we serve.
## **4.1. Volunteers**
Our ever growing community of volunteers has been central to developing and improving how we refurbish the technology we receive. Their enthusiasm, skills and dedication ensure that we are continually improving our processing whilst we have increased our capacity. Volunteering continues to be an important part of Community TechAid. We know that there is an abundance of knowledge, experience and skill in our community and we are incredibly fortunate to work collaboratively with our team to improve and build upon our work. It is thanks to their ongoing contributions that we are able to meet the growing need to support our community.
Our volunteering opportunities help to develop people’s tech skills and confidence, with **95%** learnt new skills as a result. As we have grown, we have been delighted to welcome users of our service as volunteers, providing opportunities for asylum seekers, those seeking work and those who want to improve their confidence. As a result we have an extremely diverse community with a vast array of experience learning and supporting one another.
Over the past 12 months volunteers have donated **3079** hours to Community TechAid in 3 key areas:
## **Workshop Volunteers**
Our largest volunteer team, our workshop volunteers, help us with everything from logging received devices to repairing broken screens. They support our Device Pipeline, which is the process that donated technology goes through to get to the hands of an individual. This team of volunteers is diverse, with a mixture of technical ability and experience but all work together to support one another. They are responsible for supporting our senior team to ready devices, ensuring data removal and troubleshooting. They also support general administration of our workshop and work closely with our Quickstart Volunteers.
## **Front Desk & Quickstart Volunteers**
Our Front Desk and Quickstart Volunteers welcome beneficiaries to our hub, handing over devices and delivering our 1:1 coaching sessions. They help to assess an individual's needs
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
and will deliver 4-6 sessions focused on these. They will guide a beneficiary through foundational digital skills, from setting up their account to managing settings including sound and font size. They document these sessions and are responsible for gathering feedback from beneficiaries to help inform future sessions. They work closely with our workshop volunteers, and often a volunteer may perform both duties.
## **Marketing & Fundraising Volunteers**
Our Fundraising & Marketing Volunteers help us with one off projects and support related to our digital presence, helping to increase our reach and spread the word about our work. They will work on a specific function, for example designing and scheduling social media posts or helping to maintain our website.
Many of our volunteers support multiple facets of our work, from data collection to the delivery of our digital skills sessions.
## **“Although I originally joined to fix laptops, I quickly joined the software team at CTA. My work revolves around improving the application used to manage the inventory of devices with new features and bug fixes and automating some of the volunteer processes.**
Volunteering is a great way to socialise and meet interesting people and learn and try new things. The fulfilment it provides also does wonders to one's mental health. Community TechAid especially is all about the beautiful people behind it and the commitment to good deeds”
_-Community TechAid Volunteer_
## **4.2. Donors**
We would not be where we are today without the overwhelming support we have received from the local community. The donation of technology is fundamental to our work and continues to increase as we raise more awareness about the importance of tackling digital exclusion through our circular economy.
Over the last 12 months we have increased our drop points to 20 throughout Lambeth and Southwark. These locations help increase awareness of our work whilst providing easily accessible points to donate technology and strengthen community solidarity.
## **5. Looking Ahead**
The digital divide continues to be a pervasive and unavoidable issue for so many in our community, whilst e-waste has accelerated to be the fastest growing waste stream worldwide.
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
Over the next 12 months, as we continue to grow our capacity to meet the increasing demand of our community, we will be considering options for increasing our reach beyond our local area, ensuring that no one is left behind by digital poverty.
## **Statement as to Disclosure of Information to Independent Examiner**
Each of the persons who are Trustees at the time when this report is approved confirms that:
- (a) So far as each Trustee is aware, there is no relevant audit information of which the charity's independent examiner is unaware; and
- (b) to the best of their knowledge and belief, each Trustee has taken all the steps that ought to have been taken as a Trustee, including making appropriate enquiries of fellow Trustees and of the charity's independent examiner for that purpose, in order to make themselves aware of any information needed by the charity's independent examiner in connection with preparing its report and to establish that the charity's independent examiner is aware of that information.
## **Independent Examiners**
The officers of the charity have agreed to re-appoint Additude Ltd as the charity’s Independent Examiner and the proposal of this appointment will be put forward to the board at the forthcoming Board Meeting.
Approved by the Board and signed on its behalf by:
Linda Heiden
Founder & Chair of Trustees
Date: 24th September 2024
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**(Charity Reg. No: 1193210) Trustees’ Report for the year ended 31st March 2024 (continued)**
## **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 Trustees are required 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, including the income or expenditure, of the charity for that period.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and apply them consistently
- observe the methods and principles in the Charities SORP
- make judgments and accounting estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business
The Trustees are responsible for keeping proper and 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 Companies Act 2006. 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.
Page 12
**(Charity Reg. No: 1193210)**
**Independent Examiner’s Report**
## **Independent Examiner’s Report to the Trustees of COMMUNITY TECHAID for the year ended 31st March 2024**
We report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 14 to 25.
## **Respective responsibilities of Trustees and examiner**
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of CIPFA.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Andi Dollia, CPFA** ADDITUDE LTD 9 Rhapsody Court Wakeman Road London NW10 5DF
**Date:** _24 Sept 2024_
Page 13
**(Charity Reg. No: 1193210) Statement of Financial Activities**
## **Statement of Financial Activities for the year ended 31st March 2024 (incorporating an income and expenditure account)**
|**Income from:**
Note
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
5
**Total expenditure**
**Net income**
**(expenditure)**
Transfers between
funds|Restricted
£
206,771
-
**206,771**
42,157
178,414
**220,571**
**(13,800)**
-|Unrestricted
£
48,876
34,157
**83,033**
-
41,733
**41,733**
**41,300**
-|**2024**
**Total**
**£**
**255,647**
**34,157**
**289,804**
**42,157**
**220,147**
**262,304**
**27,500**
**-**|2023
Total
£
172,313
16,375|
|---|---|---|---|---|
|||||188,688|
|||||32,784
149,043|
|||||181,827|
|||||6,861|
|||||-|
Page 14
**(Charity Reg. No: 1193210) Statement of Financial Activities**
|**Net movement in**
**funds**
**Reconciliation of funds:**
**Total funds brought**
**forward**
**Total funds carried**
**forward**|**(13,800)**
13,800
**0**|**41,300**
47,940
**89,240**|**27,500**
**61,740**
**89,240**|6,861|
|---|---|---|---|---|
|||||54,879|
|||||61,740|
The notes on pages 18 to 25 form part of these financial statements.
Page 15
**(Charity Reg. No: 1193210)**
**Balance Sheet**
|**Balance Sheet as of 31st March 2024**
**Note**
**Fixed Assets**
8
**Current Assets**
Debtors
9
Cash at Bank
**Creditors: amounts falling due within one year**
10
**Net Current Assets**
**Net Assets**
11
**Funds**
12
Restricted
Unrestricted
**Total Funds**|**2024**
**£**
**-**
10,060
207,324
**217,384**
**128,144**
**89,240**
**89,240**
-
89,240
**89,240**|2023
£
**-**
11,883
116,237|
|---|---|---|
|||128,120
66,380|
|||61,740|
||||
|||61,740|
|||13,800
47,940|
|||61,740|
Page 16
**(Charity Reg. No: 1193210) Balance Sheet**
For the year ended 31 March 2024 the charity was entitled to exemption under section 477 of the Companies Act 2006; and no notice has been deposited under section 476. No members have required the charity to obtain an audit of its accounts for the year in question. The Trustees acknowledge responsibility for: i) Ensuring the charity keeps accounting records which comply with section 386; and ii) Preparing financial statements which give a true and fair view of the state of affairs of the charity as at the year-end in accordance with requirements of section 394 and 395, and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far applicable to the charity. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the Trustees on 24th September 2024 and signed on their behalf by:**
## **Linda Heiden Founder & Chair of Trustees**
Page 17
**(Charity Reg. No: 1193210)**
**Notes to the Financial Statements**
## **Notes to the Financial Statements for the year ended 31st March 2024**
## **1. Accounting policies**
## **1.1. General information**
COMMUNITY TECHAID is a charity registered with the Charity Commission (charity registration number 1193210).
## **1.2. Going concern**
The Trustees confirm that at the time of approving the financial statements, there are no material uncertainties regarding the Charity’s ability to continue in operational existence for the foreseeable future. In arriving at this conclusion the Trustees have taken account of current and anticipated financial performance in the current economic conditions, its business plan and its reserves position. For this reason, the going concern basis continues to be adopted in the preparation of the Charity’s financial statements.
## **1.3. Basis for preparation**
The financial statements have been prepared under the historic cost convention unless otherwise stated in the relevant accounting policy notes and 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 (FRS102) (effective 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The principal accounting policies that have been applied to all years presented in these financial statements are set out below.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires Trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could differ from such estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 2.
## **1.4. Recognition of outstanding employee benefits**
No provision for outstanding holiday pay was made under previous UK GAAP. Under FRS 102 the costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received.
## **1.5. Fixed assets**
Individual fixed assets costing £2,000 or more are initially recorded at cost.
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**(Charity Reg. No: 1193210) Notes to the Financial Statements**
## **1.6. Fund accounting**
The nature and purpose of each fund is explained in Note 14 to the financial statements.
## **1.7. Financial instruments**
The only financial instruments held by the charity are debtors and creditors. These are categorised as ‘basic’ in accordance with Section 11 of FRS 102 and are initially recognised at transaction price. These are subsequently measured at their transaction price less any impairment.
## **1.8. Income**
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Donations and grants are split between restricted and unrestricted funds in accordance with the terms of the grant or donation.
Donations and gifts are recognised in the statement of financial activities when receivable. Income from government and other 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.
Donated services and facilities are included at the value to the charity where this can be quantified. Bank interest is recognised on an accrual basis.
## **1.9. Expenditure**
Expenditure is included in the statement of financial activities on an accruals basis, inclusive of any VAT that cannot be recovered. It is recognised when there is a legal or constructive obligation to pay for it. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff or resources used on those activities.
## **1.10. Defined contribution pension scheme**
The charity operates a defined contribution scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **1.11. Leases**
Rentals applicable to operating leases are charged to the statement of financial activities over the period they are incurred.
## **2. Critical judgments and estimates**
No critical judgments have been made by management in applying the charity’s accounting policies.
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**(Charity Reg. No: 1193210)**
**Notes to the Financial Statements**
## **3. Donations & Legacies**
|Guys & St Thomas’
The National Lottery Community
Fund-Reaching Communities
London Borough of Lambeth
Walcott Education Foundation
Thrale Almshouse and Relief in Need
Hyperoptic
London Bridge Co.
L&Q Place Makers
Power to Change
John Armitage Charitable Trust
The Fore
United St Saviour’s
Clothworkers’ Foundation
Skipton Charitable Trust
Other Income and donations
**Total Donations and Legacies**|Restricted
Unrestricted
**2024**
**Total**
£
£
**£**
119,927
-
**119,927**
56,309
--
**56,309**
-
**-**
23,000
-
**23,000**
-
-
**-**
-
-
**-**
-
-
**-**
-
-
**-**
-
24,000
**24,000**
-
5,000
**5,000**
-
7,000
**7,000**
-
5,000
**5,000**
5,000
-
**5,000**
2,535
-
**2,535**
-
7,876
**7,876**
**206,771**
**48,876**
**255,647**|2023
Total
£
85,738
-
9,000
28,000
2,000
10,000
4,672
9,372
5,000
11,000
-
-
-
-
7,531|
|---|---|---|
|||172,313|
Page 20
**(Charity Reg. No: 1193210) Notes to the Financial Statements**
|**4.**
**Income from Charitable Activities**
Sales and Earned Income
**Total Income from Charitable Activities**|Restricted
Unrestricted
**2024**
**Total**
£
£
**£**
-
34,157
**34,157**
**-**
**34,157**
**34,157**|2023
Total
£
16,375|
|---|---|---|
|||16,375|
Page 21
**(Charity Reg. No: 1193210) Notes to the Financial Statements**
## **5. Expenditure on Charitable Activities**
|Staff costs (note 6)
Recruitment and Training
Rent, rates and Insurance
Advertising and Marketing
Office Overheads
Project Expenses,
Devices, Parts and Spares
Ind. Examination fee
Other Professional fees
Bank Charges
Travel and subsistence
Add: allocation of support
costs|Raising
funds
£
25,739
-
-
-
-
-
-
-
-
-
**25,739**
16,418|Charitable
activities
£
102,957
-
-
3,339
-
48,180
-
-
-
-
**154,476**
65,671|Support
Costs
£
25,739
1,709
35,401
-
10,818
-
1,500
2,655
72
4,195
**82,089**
(82,089)|**2024**
**Total**
**£**
**154,435**
**1,709**
**35,401**
**3,339**
**10,818**
**48,180**
**1,500**
**2,655**
**72**
**4,195**
**262,304**
-|2023
Total
£
126,472
2,495
26,599
-
3,838
17,908
1,350
1,912
72
1,181|
|---|---|---|---|---|---|
||||||181,827|
||||||-|
|||||||
||||||Page 22|
|**(Charity Reg. No: 1193210)**
**Notes to the Financial Statements**|**(Charity Reg. No: 1193210)**
**Notes to the Financial Statements**||||173,418
**2023**
**£**
116,489
6,719
3,264|
|---|---|---|---|---|---|
|**Total Expenditure on**
**Charitable Activities**
**6.**
**Staff Costs**
Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions|**42,157**|**220,147**|**-**|**262,304**
**2024**
**£**
141,574
8,920
3,941
**154,435**||
||||||**126,472**|
## **7. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **8. Tangible fixed assets**
During the year, the charity had no tangible fixed assets.
## **9. Debtors**
|Trade debtors
Other debtors|**2024**
**£**
5,060
5,000
**10,060**|**2023**
**£**
7,197
4,686|
|---|---|---|
|||**11,883**|
Page 23
**(Charity Reg. No: 1193210) Notes to the Financial Statements**
|**10.**
**Creditors: amounts due within 1 year**
Trade creditors
Taxation and social security
Deferred income
Accruals and provisions
Other creditors
**11.**
**Analysis of net assets between funds**
Restricted
Funds
£
Tangible fixed assets
-
Net current assets
-
**Net assets at the end of the year**
**-**|**2024**
**2023**
**£**
**£**
-
-
-
-
121,000
64,500
6,356
1,350
788
530
**128,144**
**66,380**
Unrestricted
funds
**Total funds**
£
**£**
-
**-**
89,240
**89,240**
**89,240**
**89,240**|**2024**
**2023**
**£**
**£**
-
-
-
-
121,000
64,500
6,356
1,350
788
530
**128,144**
**66,380**
Unrestricted
funds
**Total funds**
£
**£**
-
**-**
89,240
**89,240**
**89,240**
**89,240**|**2023**
**£**
-
-
64,500
1,350
530|
|---|---|---|---|
||||**66,380**|
|||**89,240**||
Page 24
**(Charity Reg. No: 1193210)**
**Notes to the Financial Statements**
|**12.**
**Movements in funds**
**Unrestricted funds:**
General funds
**Total unrestricted funds**
**Restricted funds:**
Guys & St Thomas'
The National Lottery Community
Fund-Reaching Communities
London Borough of Lambeth
Walcott Education Foundation
Thrale Almshouse and Relief in Need
Clothworkers’ Foundation
Skipton Charitable Trust
**Total restricted funds**
**Total funds**|At the
start of
the year
Incoming
resources
Outgoing
resources
**At the end**
**of the year**
£
£
**£**
**47.940**
83,033
41,733
**89,240**|
|---|---|
||**47,940**
**83,033**
**41,733**
**89,240**|
||**5,700**
119,927
125,627
**-**
**-**
56,309
56,309
**-**
**6,600**
-
6,600
**-**
**-**
23,000
23,000
**-**
**1,500**
-
1,500
**-**
**-**
5,000
5,000
**-**
**-**
2,535
2,535
**-**|
||**13,800**
**206,771**
**220,571**
**-**|
||**61,740**
**289,804**
**262,304**
**89,240**|
## **Purposes of funds**
**General funds** : these are available for use at the Trustees ' discretion in furtherance of the objectives of the charity.
**Restricted funds** : these are donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 25