The Acc ' Annual Report 2022
Annual Report 2022
Contents Page
| Intro Statistics Disadvantaged Backgrounds World Impact UK Impact |
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Page 2
Annual Report 2022
Making a positive impact on people’s lives
In our inaugural year, we have successfully delivered on our stated mission, improving the lives of thousands of people in the UK and abroad.
1
Helping those who are at a disadvantage when it comes to engaging with the digital world.
2
Supporting projects run by The Access Group charities of the year.
3
Helping charities which have previously supported Access staff.
Continually focused on impact
We are continually focused on what our grant program delivers; it is an important funding principle for us to see the final impact that a grant makes to an individual person. It is not enough to just grant money to a charity; we need to see and measure how it has improved an individual’s life chances.
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Annual Report 2022
Our funding pillars
Digital Divide
Organisations that assist in the mitigation of the digital divide, by supporting disadvantaged and vulnerable people through digital education and resources.
Charity of the Year
Charities who have been selected or shortlisted as The Access Group charities of the year, past or present, with specific projects or activities.
Staff Sponsored
Organisations that a member of staff of The Access Group has experienced significant support from (either for themselves or a close relative).
Growing staff sponsored grants in 2023
We are continually focused on what our grant program delivers; it is an important funding principle for us to see the final impact that a grant makes to an individual person. It is not enough to just grant money to a charity; we need to see and measure how it has improved an individual’s life chances.
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Annual Report 2022
2022 Stats Stats at a glance
We are committed to continually measuring our own performance and achievements to ensure our impact remains as significant as possible.
By continuing to develop the most relevant Key Performance indicators for the Access Foundation, both internally and for benchmarking against industry best practice, we will ensure we work towards our goal of becoming recognised as a world class charitable foundation.
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Annual Report 2022
----- Start of picture text -----
We awarded over £1.3m in
£1.36m
grant funding in 2022
Total Funding by Pillar
Charity of the Year Digital Divide
Staff Sponsored
£224k £1.1m £29k
----- End of picture text -----
In total we awarded 25 grants across our 3 pillars 16 6 3 Digital Divide Charity of the Year Organisations that assist in the mitigation Charities who have been selected or of the digital divide, by supporting shortlisted as The Access Group charities disadvantaged and vulnerable people of the year, past or present, with specific through digital education and resources, projects or activities.
Staff Sponsored Organisations that a member of staff of The Access Group has experienced significant support from (either for themselves or a close relative).
Organisations that assist in the mitigation of the digital divide, by supporting disadvantaged and vulnerable people through digital education and resources,
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Annual Report 2022
8 Sectors Covered
Sectors of charitable causes recieved our funding
Higher Education: 3 Physical Health: 5 Homeless: 3 Primary Education: 1 Local Community: 7 Prison: 1 Mental Health: 3 Secondary Education: 2
World-Class Efficiency
0%
100% 2% 98%
Amount spent on Amount given to Overheads Graduates
1 Day
31 Days
25 17 Days taken to Days taken to pay Approve Grant an invoice
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Annual Report 2022
How our grants impact different disadvantaged backgrounds
We pride ourselves on considering a clear, but also broad definition of ‘disadvantage’ when it comes to the digital divide.
This has helped us to award grants which help people from many different types of disadvantaged backgrounds.
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Annual Report 2022
Economic
For those suffering with economic deprivation, the foundation has helped Mustard Tree and The Big League.
A digital education programme for the disadvantaged and homeless was made possible with a £43,000 grant to the charity Mustard Tree. 1,803 people have benefited from this project, not only through the skills they acquired but also from increased confidence and the ability to find work. This is especially important for vulnerable citizens that struggle with social isolation as a greater sense of connection and belonging is created. The grant for The Big League has also seen huge success in creating a digital suite for underprivileged people suffering with digital exclusion and lacking in digital confidence. The space is also utilized by multiple community organisations that confront the root causes of poverty and support citizen’s needs. As a result, the digital suite has become a valued space within the community hub for many deprived areas in Hartlepool.
Social
We believe social mobility is important for achieving equality within society, no matter one’s background.
Therefore, we paired up with Loughborough, Aston and Birkbeck Universities to provide scholarships for 22 students wishing to study courses in Computer Science, Cybersecurity and IT management for Business. After Aston University received the donation of £120,000, the head of department for computer science Jo Lumsden said “The award from the Access Foundation will allow more students to enrol with us; it will have such a profound impact on many young lives, and, by extension, those around them. We look forward to working with the Access Foundation on this life-changing scholarship programme.” This perfectly summarises what a great impact the donation has had for many new students, and we are delighted to be able to help more people get involved in an industry we are passionate about.
Physical
In order to help those at a physical disadvantage, the Access Foundation granted money to Berkshire Vision to support a project that aimed to improve digital skills of visually impaired adults in Berkshire.
In order to help those at a physical disadvantage, the Access Foundation granted money to Berkshire Vision to support a project that aimed to improve digital skills of visually impaired adults in Berkshire. Overv 300 people gained invaluable independence and confidence thanks to this project. Moreover, many of the 300 revealed that it had considerably reduced their feelings of isolation which is crucial for maintaining good mental health.
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Annual Report 2022
Age
The young and the old can also struggle with being technologically literate and need some guidance to help make use of digital resources.
Mental
Mental wellbeing affects all aspects of a person’s life.
Therefore, the Foundation decided on choosing 4Louis as one of the staff sponsored charities, to help those who have experienced the loss of a child through miscarriage or stillbirth and assist in the recovery process from this traumatic event. The £3,500 donation paid for room hire, refreshments and goody bags for the quarterly 4Louis National Midwifery Forum in Manchester (an inspiring event where 120 midwives and health care assistants assemble to share experiences and advice with bereaved families).
Prison
The use of effective rehabilitation systems for people in prison can greatly improve their life chances on release.
Unfortunately, the prison environment hinders inmates from being able to effectively learn and gain qualifications. To minimise this problem, £27,000 was given to DWRM, a charity which facilitates access to higher education for prisoners. The money from our foundation has been used to acquire 25 specially certified Chromebooks for inmates so they don’t have to rely on the limited printed paper resources available. Thanks to this funding, we have opened the opportunity to apply for professional and financially sustainable employment to 50 people that would have otherwise struggled to find similar level work when released.
The young and the old can also struggle with being technologically literate and need some guidance to help make use of digital resources. Early years Education is a key step for social mobility, statistics show that by age 11 if their early learning is adversely affected a student is 9 months behind in their attainment and students never recover. This year, Learning with Parents made use of £53,000 to start development of a password-less app which allows 8,000 families of primary school aged children to easily access learning ideas. These ideas are then used in off-line settings to help their children whose education suffered during the Covid-19 lockdown. Additionally, £25,000 was given to a digital inclusion project – the Digibus. Based in Gloucestershire and run by IT Schools Africa, the bus prioritises deprived areas with the lowest internet usage and has helped 1,700 visitors in gaining essential digital skills. It is fully equipped with computers, laptops, tablets and even a 3D printer, robotics, and a virtual reality system. The Access Foundation was eager to facilitate such a project as it combines improving digital skills, supporting education, connecting communities, and improving access to health and other services all in one place.
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Annual Report 2022
How our grants impact different regions of the world
Our second funding pillar enables the Foundation to provide complementary funding support to the charities chosen by each of the Access Group regional offices as their charity of the year.
While the fundraising activities of the people of Access provide general financial support to their chosen charities, the Foundation can add a grant to fund a specific project with measurable outcomes for their beneficiaries.
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Annual Report 2022
Europe
In the UK as part of its inaugural year, The Foundation was able to award grants to two charities – NDCS (National Deaf Children’s Society) and Bi-Polar, being the chosen charities for last year and this year respectively.
UK - National Deaf Children’s Society
NDCS was provided with £50,022 to fund the expansion of their Family Sign Language (FSL) training programme, providing whole families with practical skills for communication.
UK - Bipolar
Bipolar was awarded £50,000 to help fund several digital initiatives to raise awareness and bring down diagnosis times for those living with bipolar. This initiative has already achieved a reach of over 288,000 people through a variety of media channels.
Ireland - Irish Cancer Society
In Ireland, The Foundation provided a grant of £50,000 to the Irish Cancer Society to fund a post-Covid hybrid conference (with both in-person and online elements) reaching over 1,000 participants. The conference, titled ‘Living Well With and Beyond Cancer’ provided cancer patients and survivors with advice, information and the ability to share experiences with others.
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Annual Report 2022
APAC
In the APAC region charities of the year were chosen for the very first time by Access. The Access Foundation was delighted to be able to offer grants in this first year to charities in Malaysia, Australia and New Zealand.
Malaysia - National Cancer Society of Malaysia
In Malaysia, The Access Foundation provided a grant of £15,000 to the National Cancer Society of Malaysia for a grant to support and sustain the ‘Home of Hope’ programme, which has been able to offer free accommodation to 27 cancer patients and their care givers from all over Malaysia while they undergo treatment at the Hospital of Kuala Lumpur. In total 913 nights of accommodation have been funded throughout 2022, as well as additional services such as counselling for patients and family members, transportation to and from the hospital, laundry services and nutritional support and advice.
New Zealand - Muscular Dystrophy Association
In New Zealand, The Access Foundation was able to award a grant of £16,000 to the Muscular Dystrophy Association to fund the publication of a new digital version of the charity’s InTouch magazine, which was rated the second most valuable service the MDA offer their members in a recent survey. The objectives of the publication are to reduce isolation and build a sense of community among members, share new and better ways, tools, and products to improve quality of life, keep members up to date with research and government advice and encourage sign-ups to the neuromuscular register. The magazine is emailed to over 3,400 people including professionals in the health and disability sector.
Australia - Variety Australia
In Australia, The Access Foundation was able to award a grant of £50,000 to a regional group of branches of the charity Variety Australia. The equipment funded by The Access Foundation will improve the quality of life, self-esteem, and independence of up to 745 children.
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Annual Report 2022
How our grants impact different areas across the UK
UK Impact
In the UK as part of its inaugural year, The Access Foundation was able to award grants to various charities, institutions and community projects.
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Annual Report 2022
v
Education Institutes & Universities
Loughborough University - Loughborough - £120,000
The Access Foundation approved a grant to fund an annual intake of Scolarship students, for the next three years. These scolarships will be for students who wish to study courses in Computer Science and IT Management for Business.
Disadvantaged young people struggle to progress to university, even when they have the academic ability to do so. Education is a route out of poverty and a key driver of scoial mobility, but access to education is not equal.
Despite 20% of children in the Uk coming from low-income backgrounds, only 3% go on to attend the selective, top tier universites like Loughborough.
By supporting this project at Loughborough University, we are contributing to levelling the playing field for young people to change the rest of their lives.
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Annual Report 2022
v
Ashton University - Birmingham - £120,000
The Access Foundation approved a grant to fund an annual intake of Scholarship students for the next three years. These scholarships will be for students who wish to study courses in Computer Science, Computer Science with Business and Cybersecurity.
Aston will provide scholarships funded through the Access Foundation to provide support to undergraduate students from a disadvantaged background who would otherwise face significant financial challenges. The scholarships are intended to enable the recipient to fully participate in university life without being restricted by financial worries for the duration of their degree.
By supporting this project at Aston University, we are contributing to levelling the playing field for young people to change the rest of their lives.
Loughborough University – Loughborough - £153,112
The Access Foundation has approved a grant to fund the creation of a ‘Bridging the Digital Divide’ project to increase the chances of disadvantaged 11-18 year olds in achieving their potential through digital enablement.
The new project will identify and support a cohort of year 11 students from disadvantaged families each year and support them through their next stage of education using digital technologies and platforms, all the way to post 18 options.
The project will work in combination with the University’s LUDUS Gold Scheme, which helps students from all backgrounds discover the opportunity for university education to reach their full potential.
The Virtual School - Hertford - 50 laptops
The Access Foundation approved a grant to provide an initial batch of 50 refurbished laptops and 50 prepaid sim cards to The Virtual School, based in Hertfordshire.
The Virtual School is an initiative within Hertfordshire County Council to bring focus and attention to children and young people in care and enhance their opportunities for education, support, and improved life outcomes. The organisation has recently extended their reach to children not yet in care but known to social workers so they can provide interventions where applicable and increase their opportunities.
The provision of laptops to The Virtual School is the first example of an ongoing partnership between The Access Foundation and Softcat Plc to refurbish and recycle IT equipment from the Access Group and supply it to organisations helping to bridge the digital divide.
Birkbeck University - London - £282,910
The Access Foundation has approved a grant to fund a brand-new digital careers programme, focused on combatting inequality of access to careers in tech. The approach will consist of 3 pillars. A career bootcamp supporting 150 students in applying for jobs in tech with CV workshops and networking events. Online training and certification to get relevant skills and thirdly, paid internships for students within SME’s and established firms to build real world experience.
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Annual Report 2022
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Charities & Community Interest
The Big League – Hartlepool. £28,995
The Big League CIC in Hartlepool is in an area with high levels of deprivation and The Access Foundation awarded a grant to make space within a community hub a digital suite for those who are experiencing digital exclusion and lacking in digital confidence. This has proved to be a success. The space is used by other community organisations that address the root causes of poverty and supports individual members of the community.
‘Poolie Time Exchange’ as it is known is proving incredibly popular with service users and local organisations as a one stop shop for everything from debt management advice to venue hire.
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Annual Report 2022
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DWRM Consultants – Coventry - £27,000
DWRM’s Director and former prisoner turned academic, Dan Whyte started this charity to improve the life chances of those who spent time in prison and uses his own institutional knowledge to support inmates on their journey.
The prisons that DWRM are working in are across the north of England and use technology to break the cycle of incarceration by giving people in prison the chance to do distance learning university level courses using laptops and tablets funded by The Access Foundation.
The outcomes are yet to be fully realised, however an interim report from DWRM Consultants demonstrated high levels of engagement with a 68.6% pass rate which given the circumstances is very encouraging. To improve on these figures, DWRM will be offering more training on how to use Chromebooks effectively as that was seen as a barrier to achievement.
Centrepoint - Sunderland - £74,769
The Access Foundation approved a grant to fund the creation of a digital skills programme for the benefit of homeless and disadvantaged young people in the Northeast of England. The aim of the grant is to support the rollout of a complementary programme with Centrepoint to help their young people attain the Essential Digital Skills Qualification (EDSQ). This is a recognised accredited qualification which enables young people to achieve up to date and relevant skills. It gives young people with limited or no IT experience the confidence to perform tasks online, improving their overall employment prospects. The Access Foundation also supplied 10 refurbished laptops kindly donated by the Access Group to Centrepoint.
DEC Ukraine – Harpenden - £20,000
The Access Foundation approved a donation to the Disasters Emergency Committee (DEC) to support the ongoing efforts to help people affected by the crisis in Ukraine.
The Foundation had combined with the Access Group in providing an overall donation of £70,000 to the DEC. The Foundation was able to approve the donation under its ‘Staffsponsored Charities’ objective through the request of a Ukrainian member of staff with close family affected by the crisis.
4Louis - Manchester - £3,500
4Louis is a staff sponsored charity that works with midwives who work directly with families who have experienced the loss of a child through miscarriage or stillbirth. 4Louis held a bereavement forum in September 2022 in Manchester to offer support and advice to midwives. The agenda covered a wide range of topics such as midwives supporting each other when dealing with bereavement issues, the emotional impact on service providers and the Black Maternity Experience. The grant from the Access Group Foundation paid for goody bags, refreshments and room hire.
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Annual Report 2022
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Mustard Tree – Manchester - £43,000
The Access Foundation approved a grant to deliver a digital education programme to help disadvantaged and homeless people in the Northwest of England gain the confidence and skills to help them break out of poverty and seek opportunities in the job market. The difference the Access Foundation grant has made is immense. 1,615 people have met with a Support Worker, 114 have had the chance to go to Job Club and 74 have been on the Computer Confidence course in 3 months alone
PANDAS Foundation – Oswestry - £5,000
PANDAS is a community offering peer-to-peer support for families affected by antenatal and postnatal mental health issues. The Access Foundation funded 3 months of the phone line service and in this period, 935 calls were placed to this phone line from parents, carers, and their networks. Awareness saves lives and the number of calls received by PANDAS in one quarter shows how much this service is needed.
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Charity numb&r: 1194267 THE ACCESS FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 WR Partners Protecting your future.
THE ACCESS FOUNDATION coKrENTS Page R•hrnnc• and adminl•trati¥e dot•ll• of th• Charty, Its TnMIM• and ad¥ls•rn Tru¥lws' r•port Tr10•8. rponSIbIlItI stat•ment Ind•p?nd•nt audlt(KB' fOPOrt on tho Ilnancw *Lqt•m•nts Stalefflonl ol flnanGhl aGtlvhl 10-13 14 Balanco sh••1 15 Sthtem•nt of calh 16 Not•8 to th• flnancl•l st•tem•Dts 17-24
THE ACCE85 FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 30 JUNE 2022 Tru•la Robert Pth'rwin. Chair (apwinled 22 April 2021) lan LrtI, Trustee (appc4nted 1 October 2021} Kevin Misselbrook, Trustee {•p(Mnled 1 OCt(8r 20211 Pier8 Md8ish, Trust08 lapp(xnted 22 >12021} Charity rnglstsr•d numb•r 1194267 Prlnclp•l offl¢• Atston Court Martborough Parft HarFend Herfftxdshre AL5 1NL Ind•p•nd•nt •udltorn WR Partrws Chartertsj Acx¢wntants Drake H Gadbrook Park Gadbr¢¥)k Way rttrMfh Che¥hire CW9 7FIA Pa3e 1
THE ACCESS FOUNDATION TRUSTEEY REPORT FOR THE PERIOD ENDED 30 JUNE 2022 The TNths present their annual rep)rt kn38tW with audrted fingncial statwnents of thg Charity the year 2 September 2021 to 30 June 2022. The Annual rnport the purposes crf LMh a Ttustee$' Teport and a directors, report under company law. The Truslees cMi that Ihe Annual report and financial Statements of the eh8rft8b company compty with the current 81alutory requirements, the requiremerts of the charitable ¢omp8ny'8 goveming doeneTrt and the provi6k)ns of the Slatwrnnt of Reccrfnmendod PCtiCe {SORP) appli¢•b to charities prepariro their accounts in cdanCe wilh the Financial Reporting Standard applicable in the UK and Repubk of ImlArJ IFRS102) {8ffe¢tive 1 January 20191. The Foundatlon wa8 eSt8bllsh8d ag a Charitab Intst under 8 tharithte tru8t deed dated 18th F&)ruary 2021. Trustees are appointed by the oxr8ting tru$lee8 with a mlnimum of three and maxlmum of tan year lem%. OW•¢tlvM Ind •¢tl¥lll Pollcl•8 And obJ•clfv The Foundath)n aw8rd8 grants for th• wblr benofft to ChwIle organisatKTh with three browj categori88. b. 8tr•tsgl•• for achlevlng oblKIIvo• The grant8 award•d fall into thr•e bad catWi8¥: .Brfdglng the DlgS1•l Dlvldfr To support or9188trffj whith have Iho objKtfve cl mity8ting the dvJr(al dividg by maklng MPUt1g la¢ili118s. 8UPPOrt andloT knming available to di&idvanlgged aOr vulnerable pwplg. .ACe Charftl88 of tho Yèar To 8UPPOrt chaiitles have been chOn or 8hortli8t•J a8 The Accuj Group chwiioB of the year. Grant• are nomialy m* for Sp prw or xtNiile8. .Staff4pon•or•d Charltlo• To SUPFQrt charrth5 that have a strorKJ emoti conneclion 8 member ofsiaff ofThe Acce88 Group A¢t1vh1 und•rt•k•n to •¢hi•v• obJ•th•• In order to achiève its oWNe8 for the publK teneffl. the FoUndatn seeks. through a v8ri0ty of chanrnl8. applications from charities for project funding in line ¥th the FourK1atn's cèJectNes. d. Publk 8enefft In 8etb.ng ct>lectives and plnry for actNitw, Trustggs have gwen dua c{SIderatIOn to general guFdarB published by the Ctmrity Commiss•?n rel8tirvJ to public Offt, indudir¥J the guidarKg'Public ben8fft.' running a ch8rty {P82)' Page 2
THE ACCESS FOUNDATION TRUSTEES, REporft {CONTINUED FOR THE PERIOD ENDED 30 JUNE 2022 Objoctlvos aDd acllvltl•• {condnu•d) •. Grant4Mklng pollcl The Charity's Grant Making PY (avaibble the Charty's site) 8ei8 fAJt thè bro•J pr60rit&, principles and approach for awardlng and monrtonng grants to organiyatK)rs to Supp initiatives whKh 81ign with the objectives of the A¢<ws Foundation. Granls arg restlted to charitles ¢¥ing in the some countri88 88 the t)ffKes of Pae88 GrP compani85. The number ol #P1¢•tIonS which can be 6Pted by The Accw FoLFndation Charity 1$, by rCesSIty. limited lo the 8tYthnt ol fund$ av811&¥ for dtribut)n in line with the Choritys general reserves policy. The Board of Trustees 11 8el-a¥id8 an annual bjdget for grant gNlng whth will be reviev1 at least bannUallY to 8n8ure roprie allocation of r8SOUW. Application8 wy onty be mth by bona fMJ• dwllos, CICS, Ed•tal e8tabliiMKints and CIOS, r1 Individuals. The preference for grant gmng will bo for appfications for 8p8ciffic sarvices. actIvit. Inrti•tive$ OT proigcts with cleady identified and me8SUTable outccrn. FundiryJ wll not nOmllY be provided where goneral ovethead8 or 0rat1)nal costs CA a ¢hOfit8ble tyganisatth are a 8ignrfunt pioportk?n of the grnnt value. Whlle Ihero Is no d¢llnitfve maximum or minimum value for th8 grarrt$ wo will award, t expected range8 ar• ¢arent depending on IM gr8nt-gNing ¢pctive u lolky•A.' •for mitigating the dwital dNvJe, the foundth'on will gener411y mrd grants beon £25.000 and £100,OOJ. Thls fvnding will normalty suppcrft 8 proj•d that completes within 0 12-month pericd. 8y oxcepllon the Foundation may conser 8upwting a lon9gr running Muttyear pft¥t and in 6u¢h Ca, wouk1 entertain opIcatIonS wilh proportionatsly largor Va68. .for grants •Yard&J to the Aece88 Grotp 'Chant$ of the Year, th8 IndalK)n will gen8rally award grants Lrf be £20.000 and £60.C(JO dwding the sEe ot divlsbn wrthln the group. •for grants award&J to Atta88 staff41ls¢)rad charrile8, ts foundats'on wll 9llY 84Yard8 grants In the region 01 £5,000- £10.CX)O. These values are indutors onty and aro not set In stone the trustee$ wouhj encourage any tentl 8pplrcant to contact the Foundatjon wlh prcswaLs rf they are outsNJe of th859 par8meters. Any grant madè by Ihe trueu shall be mth at the absdute dI%ret of the Tru•tees. The Acc8 FoUndatn will rw)t rlty ftjnd any (rf the folkmfing •application$ for grants fr¢¥n ndividua. .8pplitations for c¥ganwtions' general running costs or overheads. •rel¢giou$ organisations or religKS thich is not for WKler wblK berfft •8nimal Gharitse8 FourKIatn reserves the rYJht to de¢ne arry appIK)n and thwe is no LlwJatlon on the Foundati¢Jn to ovide a reason for its deo8ion. Each decis is fnal and thgr8 is no apwl process. Page 3
THE ACCESS FOUNDATION TRU8TEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Obj•¢tiv¢• and •¢tlvhl¢s (c¢)ntlnuedl f. Volunts•rn The charity currenty d088 not havg volunteern involv•J in its activities. g. Maln actlvltle• undertaken to fvrth•r th• ClIty. purpo•M for th• publle b•n•ltt The Charity awds grants to chafllth ofganl88lKX that benefft th• urKler-wr4ilegod wilhin th• franxWo of Its three main obJ"ectNes. Grants he been made to e wide ranp of ¢xgani88boM includlng.. Educational.. The Chanty has spx8or&J sludgnt$ at Loughborayh. Aston ar Birkbed( universities donatiryJ over £500.000 to anab attendance for those would olheThMs8 bè unlikety lo apply for hvJher education. HeaRh¢are'. donatlng to organknallm In th• ar83B of cwK•r. blindrmts. montal tatth provblon, hearing npairnd. Communlty organkryth8.' doning to rKoi¢cts in the arw ol IT tralnkng, Prwi Pr&t8, tha homel888, be[eaVent, abuse and mor•. More detai18 can be fourKI in It cha,1 inyact iewt which 18 all8te on ourvnb site. Pago 4
THE ACCESS FOUNDATION TRUSTEES. REPORT (CONTINUED FOR THE PERIOD ENDED 30 JUNE 2022 Achlev•m•nts and p•rfornwnc• & Maln a¢hi•v•m•nts of th• Charfty During its first financial year Ihe Foundati has b88n legalty 88tablisW. a Strw Board of Trustees nl&J. The F(yjrtht Te1Ved 56 applkatk)ns for gfan18 and 8ard&d a t(tsl 01 £1.&8m to 25 recipignts. K•y p•rformanc• Indkatorn Tho key pertr)ance of the charity 18 m88sur•J by its su(£888 In tardiry grants to amglblo ¢harltfio8 In Ilno wrth the charity'8 objectiv•8 and grant ffthing wlieiès as set oui above. Factorn r•hvant to •chlev• obl•ctlv When grants are made an enwhasis i8 plad on grvin9 to distinct pro1tB that can bg dearty measured to ensure knthvn outcomes. This is m•Je dear to applunt5 and a coTrJrtion grant award. Thi8 emphasi8 kry factrA in our drive for offecllve use of the Charty's fund8. For FY23 onvmrd$ 8ftnl b(W8 are 8et for the values of grants to h awwd•J for each cat89(xy havlng nsbJor8tKJn for th• Charity'5 furyJ$ heFd and future fvryjs anb'cipated. The Trustees fevlew •Xual grant$ i$8ued against these budge15 Wrthin the monthty man8genpnl xcomts revknY8 to ensure that they are aware of paco of grants 8galnsl budyts. Prtsaress of all successful grant appli(+& 18 monitored in a Grant Progr888 Wortt6h¢ot to enable tho Trustoes to ensure that the prc¢e88 undertaken as as possib and the tlmeframe from opplicth'on to grant as short a peri as reasonabty pos8bbè and tr funds ean l)6 pul to g¢)od ujt with¢xrt d818y. d. Fundrnl•lng actlvlll•s and Income g•n•rall(•Th The charty does not currentty carry ary activ8 . Inv•¥tment pollcy and p•rformanc• The Truslg8s, having regard lo Ihe1I4uJrty requlreff*nt8 of operating the charty, hav• kept available funds in an interest-bearing deposrt accounl and seek to achieve a rate on deposit which matches or exceedB inflatlon as measured by the retal prices index Due to Wer ecorKJmic Circ181ancé& doposbt rates have bean depres8&J and so th ain wa8 rKX achieved in the perkid. P4e5
THE ACCE88 FOUNDATION TRUSTEES. REpoKf (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Finan¢i•l review a. Golnll con¢om After maklng 8pproprkts enquirie8. Tnjstees hwle 8 rnasonJle expeclalion that the Charity h95 adequgte reBreaS lo Continue In operational existence for the foreseeab future. For thi8 reason, they continue to adopl the going Goncern ba618 in preparirKJ the financlal 8tstem8nts. Further dthls regatdiw tha adoptlon of the gtyng concem ba$1$ can be ftd in the accounting pd1¢6. b. Re1¥•5 polky Tl FoUndat)n 1$ well fundéd wrth strong cash at tha yrnd and with an11pated additional cash to e reali8ed in October 2022 via the sale of shares In The AccM8 Group will td(e caah re8eN88 UP to value representiryd more than 5 years of •nts'Cipgj out401n. During the Fina91 Yoar ondod 30 June 2022 the FoLMd4tion at a ¥urplu• of£873k. The Foundation h88 a roserves pdky of rnlalning Suffic cash rn8erye6 to all anldpatod grant 8rS and operational expenditure for a perKd 015 years. The current Iwrf•l of roswias ttsjettrffl wlth the fvnds raceiieAI in October 2022 wll be utili8ed lo enable the ch8rty Io award grants In1kn8 wlth k8 otyeLtIv88 aThl grant makkB pollcy over the next 5 years. ¢. PrlnGlpJl fundlng The princlpal 80urce of funding for th8 Clwity is Th• A¢¢sts Group. The Chanty wa8 grfted, at Ms incepth. shwes in tho Accw Group. This forms the majorty of t Ch8rity'8 fvnd6 hold. In addition. gffts were made to the Chwity by the comparty's $6niof manag0Thnt team. Further gfft8 of share8 are antpated and this. aknng with the Incr1• in ofthe ¥hgr•s held will th• Malty ol the fundlng for the Charty. trustee¥ will in¥6•t cash fun(l$ W in a pftent way to er4Jre good retum on knvestment wlthSn the r18k parameters of the Charity Pago 6
THE ACCESS FCXINDATION TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Structurn. govornance and managomont . Constllutl¢)n The Access Four¥Jthon r& a rngistered charfty, numb•r 1194267. and ra constituted urHler a Trust deed. b. Methods of appolnlm•nt or el•ctlon of Tw8t••8 The management crf the Chwity is Ihg responsitslty of the Truste8s %tho are dected and ¢tropted under th tsnns ofthe Tfust deed. Organl8atlonal slructurn and d•clslon4naklng pollcle• The Tru088 attend Iv•U nwatings. an App1Katn Assessment meatlng {al whkh gwt appllcatkn8 ore conslJ8red d, If deeffed appropriate pul forward to the Trust meeting fty a¢pl0rQ) orKI 8 Trustees meeting (for governance, slrategy, managefftht issues and grant aw8rdsl. A minimum of Iwo Trustees ft88d lo present in order lo make a d8ci8ion. d. Polkle• adopt•d for th• Inductlon and trnlnlng of TnMt••8 Each of the Trustees 8re employees or ex-employe48 ofThe AI>x88 Grtyjp and knvw tre lounding meffb¢rn of the Gen)r Management team and thr ratale for settiry up thè Charity. Thus, the charii&Jle objectivas aro well underst)d. Two of the four TnAtees are also eyp81ienc•J trustots with ¢)thor ¢haiilio$ and. •Jdlng th18 eyperience to regukqr awaron888 8es8ion$ (often using Chanty Ccmnwlon resourc) gives a high 8tsndard Lrf Tru8leeshlp. The Trust take. hav• tth¢n. wof•8$i)n81 advu whon 8pwoprute. •. R•lat•d party r•knlloMhlp8 All tru8lee8 glve thelr Ilm8 freely and no Iruste8 ( 0xps06 w88 p8KJ in the pgriod. TnJ8tees are requi to do¢b8• all rel inlorosts ar¢ Tggularty revivw•d). l. Flnanclal rlsk manag•m•nt The Trustees have asseswj the Ma risks to whth the Charity 18 exp)sed. in partKuLgr Ih05e related to the cperations and finances d the Cherty, and are saltsfied Ihat systwn$ aFKI w0dUreS 8Tr in pbce lo mitigate exp08ure to the major ri$ks. Plans for ftrture perlods The Trustees to awafd further grnrrts in FY23 to a valug of £1.2m in line with its tharitabte (jecives. The Trustees eXpt that a tranche of shwes 11 be liquidated to fund the tKipatl gt8nt awwds for ftsture years. Page 7
THE ACCESS FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Di•closur• ol Inforniation to auditorn Each ofthe per8on8 who are Trustees at the txne whgn thlB Tru5tOBS' W IB 8pwoved has confimi8d that.. 80 tsr as that Tru8tee18 thern 18 no relevant audl wrfoTmth of the (arity'8 audkor8 ore unaware, and that Trustee has taken 811 the 8 that olyht to have been en 88 8 Truslg? In ordèr lo bè awarn of any relevant audrt infc¥mation and lo establoh that the char$ auditorn owarg of thot informglKJn. Audltorn Tha 8udrtor8. WR Partnern. have inde tlT wllingn8s¥ to continue kn offk•. Tho de8i9nated Trustees will propose a motion re8PPC4ntirwJ the auditors at a ftwting of the Twst Approved by ord•r of the wffiibern of th• Lw)ord (rf Tru*8tt and signfAI on thelr behall by.. Robgrt P•rkln8on Trusleg Date.. 6 March 2023 PwJe 8
THE ACCESS FOUNDATION STATEMEKf OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 30 JUNE 2022 The Tru8lee8 are responsible for preponng the Tnistees. report and the financial stalemnts In accordance w app11cab L8w and United KingdcKn Accounting Standards (United ngdorn Generalty A¢wled Accounting pract). The law appl'cable to charities in Ewland & Wo18s wulros the Tru$tO08 to preparè financlal 8taiements for each flnancial period Vthh gNe a true and fair view d Ihe state of affairn of the Charity of ils incoming resoureeg and application of resources. including its incrxne aThl expenditurn, for that Ped. In preparing ttse fin8n¢lo18tatements. thè Truste88 are required to.. select suitable 8Lcounting wlides and then appty thom con8Vat8ntfry.' observe the m8thoYs and priwpk88 ofthe Charities SORP IFRS 102): make judgments and accrAJntirvJ estinates that are reason)k and pru(lonL state whether aFplicable UK Acts)untsng Starthrds IFRS 102) have been fdkxed, 8ublo¢t lo any material d8rIur8S di8cb8ed and 8xplained in the financial statemgnl$.' prepaR the financial 6tatements on Iho going concern b8sB unlgss il is inappropri&ts to pro¥uff that the Chaty VAII contlnue kn bu8lnes8. The Tru8teeB aro res51b ts k••ping adw4uat• a¢winting rocoth that arn suffvent to show and eyplaln the Charrty'8 transadions and disclose with reasonable r8¢Y at any timè thè ffinanci81 p38iti.on of the Chanty d enable them lo ensure that financial $18tWTwIts eompty wlth the Chariti88 Act 2011. the Ch8nty {Accounts and Repc4t8) Regulati$ 2008 and the provi8ion8 of the TruBt daJ. They are also fesp)n8ibb for safeguarding the a88ets of the Charity WHI hee lor ta.j roa60nablo sls for th¢ pr¢vontion and deltiOn of fraud and crther irregulariti88. Approved by order ofthe members el tINg bogrd of Tnto88 6 Marth 2¢r23 and tyigthl on 118 behalf by.. Rob•rt P•rklMon Trustee Page 9
THE ACCESS FOUNDATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION Opinitin Wo havè audltad thè financlal statemant8 of Tho At¢ess FoundetK)n lthe'chgrity) for the p8riod ended 30 June 2022 eomprise the Statement of ffinar1 •NIt5. the BaLqnce 8heeL the Stelement of cash f$ and the related n¢Xe5, inclLKling a summary of svJnificant accounting Foli¢. The financiai reporting framework that has been applied in their preparalbon 18 appbcatAe law 8nd United Kingdom AceountiNJ Standard& including Fin8ncial RewrtirvJ Standard 12 Tr Financi81 Reporting Starthrd appkthl8 In UK ond Republic of Ireland. IUnit&J Kingdcffi Generalty Accepted Accounting Prn¢tKe). The financial Staternts hove been in coanCe with AttntIng and Reportlng by Charil preparing their accounts in accordance wilh the Financial Repon9 Standards appleable in the UK and Republic of IrelaNJ IFRS 1021 in preference lo the AcCnting and Repthng by Charrtias.. Statemgnt of RQMrnded PfactKe iswed on 1 Awil 2005 referfftg to in th6 oxtant regulation8 but has bgen witr&¥n. Thij hos been done in order l)r the accounts to a tnM ar falf vk¥ In a¢cordancè whh tho General Accepted AcCn(lng Practice affectNe for reporting pgriods beglnning on or after 1 January 2015. In our oynkjn the financial •tatemerrts: gfve 8 true 8nd falr vle4¥ crf the 8t8te d the th91ft3 •ffair• 30 Je 2022 and of ils irthmlng re8ource8 8nd sppllcalkn of f0scAJrS for tha porttrJ Ihon 6j.. havé be¢n propwty prepwed kn Kcd01e wllh Unlt&J Klngkn) General Acceplad Accnting Practi¢e.' and have bson pr•pwwJ in axd¥nG• with the oftho Charit Act 2011. Ba818 ft)r oplnlon W• Conduct our audit in a¢dance with Intsmaticnal Standards on Auditsng (UKI IISAS IUK}18nd applieable l&v. Our resp)nsylitig$ under Ihw star¥Jath are furthff de8cribed in the Auditors, r8sponsibilils for the audrt of the finarKi818lateffnts section of our report. Wè are indepèndent of tha eharity in accordance wrth the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdryn, inGluding the Finanual Reming Council's Eth Standard. and hav8 fUlfild tsjr crthgr ethKal responsibilities in accordance with these requirements. We belwe that tho oudit WKlon¢e have obtalned18 sufficient and 8ppropnale to PTovKrfe a basis for our opinion. Concluslons r•latlng to golng conc•m In audiliry the financial $ts1gmgnts, Iwe concludwj that the TnJth6' uae of the golng eonc•m basrs of accountsng in tho praparatkm of th8 ffinanc statemonts 18 apprywiate. Based on the wort V have perforn. w¥ have not K1entffd aiy m8ri81 uncert8intie8 relating to evants or conditions that. irKlividualty u wllectively. may casl $ignffjKant doubl on the charity's lIlty to contlnue as a ng ¢on¢gm fry a perTrod of at twefve monlhs from when the financial statements are authorised for issue. Our respM8ibIlrth and the resFAin8ibditw ol Ihe Tw6tees ith resp&X to kK)ing concem we de8crbed in thé relevant secti¢S of this Page 10
THE ACCESS FOUNDATION INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED) Other Infonnatlon The other informatkjn cLYnprises the infomiaticA) Includad in the Annual rewjrt other than the financlal ststemenls and our Audtlcrfs. report thereon. ThE Trustees are re9pcmib lor thg other infomialion contained within the Annual reporL Our on the fincIal statements dLs not cover the other infom)ation and. except lo thè extent otheN•i8e 8)plkltly stated In cwr report. do nL express any form of 888ur)ce conclusion thereon. Our reSpStbilty 1$ to reaj the cther infomalion and. in doir@ 80, con8ld8r whather tho crther inlom)ation 18 matenally inconsistent wrth the financial slatements u our kned90 obtained In thè cour8e of the audit. or otherwise apwrs to be merialty misstated. If we kJent such mat&rial inwnsislenc cy apparent material mi88talemgnls, wa are requlred to detem)ino whether thi4 gives rise to a material misstat8m8nt in th8 financial staterrnts thefff&el¥es. If, basad on the we havo perfonned, V•P cOncde that there is a material misstatemt of clher irrf¢ftnh)n, affj requir1 to roport that fact. We h•v• nothing to r•wt in this regard. Matt•r¥ on whlch ar• r•qulr•d to v•port by •xc•ptlon We hav? nothing lo report In rnspt ol the folk*•ArKJ m8tter• wtw• tho Charities (Accounts 8nd Rep8) Roguktbn8 2008 r6quire8 us lo report lo rf, in our opini. the Infom8llon in th• Tw8toes' rewt is incon8i8tsnt kn materfal r88pt with the financial 8tatements'. or fficiont accountiry rKords have not been kept.. or the finano818lalemonts are agreemenl with the acccHJnUre records and rotum8: or wa have not reCVe all the infomatkn and explanatlons r4uire for our 8j1t. RPOn80b1llll0I of tru•t• A8 expkined morn lulty in the Tfttste, responsibilrties Statament, the Trustees are reSpc8[bIo for the preparation of the financk81sLaM6nts wthieh gNo 8 tru6 and fair vw, aTra for such intem81 control as the Trustee8 dètermine 18 n8eess8ry to enab the PToparation of finala1 stalements that am free from material mls8tatement. whether due to fr•ud Or In preparing the financial statements. Tw8to05 are re8F1bl8 for as8e88ing the charly'8 abllity to ¢ontlnue &9 a gthng concèm, disclosing. as applubl8, mattars re to going concem and using the going ¢onc8rn baS of accounting Un83 the Truste8s orther inler¥J to liquidate the ctharity or to cgaw operati(5, or have no reallstlc altematlve but to th) 80. Page11
THE ACCESS FOUNDATION INDEPENDEKf AUDrroRS' REPlT TO THE MEMBERS OF THE ACCESS FOUNDATION {coprriNUED} Audltorn. re•pon•lbllllle• for th• audlt of th• Ilnancl•l ststements We have been appoint1 as alitOr under sKIn 144 of Ihe Chariti88 Act 20118nd report in fLcord8nca wh the Act and foant regulatKJns made or having effgct thwgunder. Our objectives are lo ¢)btain r9axabb assuwce aboul whether ts finan¢io1 statements 08 8 whc40 ar8 f from material misstatement. whelher due to fraud or error. and to i$5ue an Auditor5, report that include8 our opiiion. Rearthable assurance is a high level ol assurancè. but im not a guararrtee that an audth ¢cdctod in accordancè with ISAS (UK) will aw detect a ffotefial Misstatnent it exr4ts. Mi¥$lalemenl$ ¢an arise from fraud or orror and are consJefed material if, indivbjualty (x in the aggregate, they could reasonably be exp•¢led lo IntluerKe the eLonomic dKislon$ of u8er8 taken on ts ba$k8 0fthe financial ilatomonts. Irr•gularilies, including fraud. are inst8 d n<p110nC• wilh and r•gulatlon8. W• d•81gn procedure8 in line Wbth our respon8ibilitw, outlined aLvJve, to delect material mi88talem&nts in respt of Irregulanti65. Iruding fraud. The extent to which ojjr woc•Jures are capable of detecting irregularrtiO8, Sncluding fraud Is detalled bebw. . We rovithved 6U6cepkn"bility of the ctrb9rlV8 financlel stalements to material misstatement and Klerstified the principal risks, impleffnling a series of testing procedurn8 to provide us with Sufflclgnt cornfort to our cpinin We feview•J the chartl8 regulaiw anvironm8nl to erffjure wa could condude that acted in accordarKe th• frnnwh)rk r¢lev•)t to thè chaffty and it8 envimnment and klentrfy any in8tarKe• of non. compliance. . We also 898e88•J tho ¢h8rlV$ inl8mal control prtsdur88 to en8ure Y couhJ apprcprithly •cnkn'ni88 Iheee controls and estsbli5h our underntsndww of th8 cxntrol anvlronment was wlfici8nt to Supplement our addOnal te8ting pl0dUreS. . The engagement team consisted of a team that the engag8JnI p8rlngr belve8 is equipped wrth the relevant level ol technical and Char V+vareness to cary out our to the requirtrj ¥landord, Because of the inherent limitations of on audit. thère is • fisk that wll not detèci all irrayulariti85, including those leading lo g material mis3tatnt in ffinanclal stslements or non-complkqnee with regulalkin. Thls rf8k Increases the Irrt Ihat cunphance with a law or regulation is remved from the events and transacllc4)8 reflected in Ihe financial slatemenls, as wll be le88 likely to becomg ow8rp of in518nrs of non-wmplionGe. The n6k Is also greater regordiry 1rr9gu1arit cLcurrin9 due to fraud rathèr than èmr. as fraud invofves intentional COnlm ftygffji, cdlusw)n, omission LY MijrgFrrta1iM. A further deswion of our rnsponsibilitigs for thts 0j crt the financial 8taleff£n1618 located on the Flnandal Reporting Councif8 web8it0 aL Thii d88CriPtion fomis part of our Auditors, report. of our r•port This report is made to the charty's trustees. as a body, in xcordance with Part 4 of the Charities {Accounts and Reports) Regulalions 2008. Our audrt woth has been undertaken 80 that we might slate to the charty's trustees th08e matter3 we are required to $t8te to them in an Auditc4s' report and for no other purpose. To the fullest extent permitted by law, VP do not wl or assume respsIbilIty lo anyor* other than tha chaity and ts tru6tees. as a tody. ts our audri work. for thrs report, or for the opinions wa have formed. Page 12
THE ACCESS FOUNDATION INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED WR Partnow• Chartered AcccAJntanls Statutory Auditor¥ Drake Hou$6 Gadbrcok Pa Gadbrcok Way Northwth Cheshire Cl•V9 7RA 24 March 2023 WR Partnern are digible to act 4$ in Iwm8 0ftion 1212 olthe Comp3nM Act 2006. Page 13
THE ACCESS FOUNDATION STATEMEKf OF FINANCIAL ACTMTIES FOR THE PERIOD ENDED 30 JUNE 2022 Total fund$ 2022 fundB 2022 Incom• from: Donations legacie6 InvestThnts IA16,000 241 1,615.ty)0 241 Tolal Incom• 1,515,241 1,515,241 Exwndltur• on: Charitable acliiitiel 642,$31 642,531 T*)tsl •xp•ndltstr• 842.631 642.531 Not mov•m•nt In fund¥ 872,710 8n,710 R•conclllallon of funds: Net ¥ment in fuTh 872.710 872,710 Total fund8 cofrled forward 872.710 872,710 The Stalemert of Financial AdiwtieJ includes al arKI kmses rnLwniJed in the pori(xl. Tho noto8 on page6 17 10 24 fomi part financial 8tatem•th. Page 14
THE ACCESS FOUNDATION BALAIKE SHEET FOR THE PERIOD ENDED 30 JUNE 2022 Flx•d assets Curr•nt •gs6ts Ca8h at tsnk and li hand 18 882.zlo 882,250 19.6401 Cf¢ditorn: wnounts fall'ng due ithin one year N•t curront 872,710 Total a•80ts l•M curr•nt Ilablllti 872.710 Total n•t a•••ts 872.710 Charlty fund• Rtricted funds Unmtrlcted fijnds 12 12 872,710 Total fun 872,710 Th• finan¢k91 Statem were approved and aulhl8eAfj lor i88ue by the TnAtee8 and si9ned on Ihoir bghaif by.. Rob•rt Parkln$on Trustee Date: 6 March 2a23 The nLes cfi pages 1710 24 forn pwl dth888 finarldal &atsM. Page 15
THE ACCESS FOUNDATION STATEMENT OF CASH FLOWS FOR ThE PERIOD ENDED 30 JUNE 2022 2022 C•8h Ilows op•ratlng actfvllws Net cash used in operating actrrflies 882350 Cash floT from Inv••Ong actlvlil•• Not cash prnvld•d by Inv•stlDg •¢tlvltl•• Cash Ilows from flnanclng KllYlll•• Nat ch provldad ty Iln•ncky acllvttl Ch•ng• In cmh and ¢oh •quSv•l•nts kn th• p•rlod 882,210 Cuh and cuh equlvalents at th• •nd of th• p•rlod 882,200 Tho ncrtos Cffj Pages 17 to 24 form part of fin•nthl $twMrt8 Page 18
THE ACCESS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022
G•n•r•l iOrMatIon
The Accessfvl Foundat#)n. 1$ a Chor Irvworatwj Ovjgnrdallon. Ilmited by guarnntee registered 18
Febry 2021.
The objects of Thè Accossfvl Foundati are to creatè a wirkJ in whh becuniry an entreprnneur is
ac51b1 for evew.
A¢¢ounllng polkl
2.1 Bul• of preparnllon of financl•l statsm•nts
Tha finan¢lal statements have been woprnl in &cLYdance wdh thg Charities SORP (FRS 102) .
Accounting and Reporting by Chariti85.' staternl of Recommerrfled Pti applicgblo to chwlbes
prepariThJ their arA)lS in &cordw with the Fingncial ReportirYJ Standard applible in the UK
and Republ of Ire18nd IFRS 1021 leffedive 1 January 20191. the Financial Reportlng Standard
applicable in the UK and Rop1 d Irel {FRS 102) and the Charttb8 Act 2011.
The finarKial statoments have been prepared to gNe a 't(u• and fair, eW and have departed from
the Charits (Accounts and Reports) Regulatn5 2008 wly to extent rgquired to provide 8 'lrue
and falr, viww. This departwe has involv•d folkwling the Charitm SORP IFRS 1021 publi8h8d in
Odobar 2019 rother than the Accounting and Raporting by Chantw: Statement of Ro¢¢xnmondwJ
Practic• effKtNe from 1 April 2005 which ha$ 8in¢e boen wrthdrawn.
The Acce8J Foundatkn meets th•
THE ACCESS FOUNDATION NOTES TO THE FINANCIAL STATEMEtr¥rs FOR THE PERIOD ENDED 30 JUNE 2022 Accountlng polkles (contlnu•d} 13 Incomo All income rd recognised once the Charity has èntitlemént to the I1Orn6. ft Is probable that the income will be receNed arKI the wnounl of receN4b can be mea8urad rollably. Grants ara Incl1 in the Ststemgrt Lrf financial actr¥its08 on a rK8Nable basiB. The bal8AKe of Incotrn receNed for purp08es but nol expond during th8 poriLJ is in tho r8lavant funds the 8darKe sheet. Whore incL¥ne is receNed in advance of enlltlement of recelpt, It8 recognition 18 deferred and included in creditor8 88 d8ferrnd inccffie. whe entitlement OcT b8forn Inccm8 18 Ned. the inconw 18 accrd. Gffts in "nd datd for dtstribub.on are includtra at vauatieA) and recwis&J as income when they are di5tribuled to the prcyects. Gffts donated for resale are Included a8 income %then they are x)Id. Where donabj ged 19 a Is ff8urad at fair valu8, Un88 it 18 impractical to rMoSUfg this reliabty, In whth ea86 tha Cost of the itom to tho donor ShId bo used. The gain 18 rnccJnised as incorrn from donat)ns and a ¢4)rre8pondYKJ amnI bb indud&J In the appropriate xed astet clau and depreciated over the usefvl eL¥orn Irf¢ in 8r(lance wrth the Charty'$ accountirvJ policles. On r•c•tpt, dona profe8sn Ser¥ aThl 1xil1$ are on b861$ of th• valuo of the grfl to th Charity 18 the aTrnt rt wouhJ hav¢ been willing lo pay to obtain or facliti88 of equNalont econom benefft on Ihe open market,. a civrespondyig amount ig then recognl8ed in eVrture in pgmd of receipt 2.4 ExndItr0 EyrKllturn b8 rwl8ed once there is a or c•trUth.¥ obligthn to tr•n¥f•r •LThomk benefit lo a third paty. It Is pre&8b that a transfer of economic benefrts will be required In 68ttlemenl and the 8munt ol the obllg8tM)n be meesured reliabty. E>pendrture 18 Classrf by acliwty. Th 115 of exh activity are made up of the total of direct costs and sh¥ed co&s, induding supwt C05t5 involved in undertakirvj each actNity. Dirncl costs attributable to a single actmty ar8 alkuled directty to that acbvity. Shared costs which contnbute to more than one aclivty 8nd supptrt ¢osts are not attributab to a sirKj activrty are apporticned between th08e actiwties on a basss con$ist¢nl with the use CA re6ress. Central stalf Costs are aNCted on the basi5 of lime spent. afyj dèprecAtion charges alkncaba on thè portion of asset's use. Expenditur• ch8rrt¥bbg aclr¥its'88 18 Incurr1 dir undertaking the xtivities whKh further the Chaiity'8 obie¢Yve8. aswdl as any osxd8teKI Suppr costs. Grants payable are charged in th? periLKI tho offer is made 0xpt in tse ea¥es whffi tha offer is cCr(lon3l. $Lth grants being rgwJnwd as expendrture the ccffiditions attaching are fulfilled. Granls offered subi8ct to ccffidltlc whth have nL been met at the perh)d end are nol&J 88 a o)mmment. lrt ncrt &cruwJ 88 oyp6nditure. All 8xpenditure is iru$Ne of irreco19 VAT. 2.6 Int•re•t r•celvable Interest on fvnds deFrf)6it is VA receirfabbg and th8 amouni can be Ted reliabty by the Charity; this is nomialty upon notificatvJn of lh8 interest pavj or payable by the instituti.on with whun the funds are dwted. Page 18
THE ACCESS FOUNDATION NOTES TO ThE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 Accountlng polkl•8 {¢ontlnu•d) 2.6 Cah •t b•nk •nd In h•nd Cash a bank and wi iKludes and 8tM)rt-temi highty investnts with a short maturity three rr#)nths or boss from the dth of wui8itTron or op8ning of the deposit or slmilar account. 2.7 Llabllltle• and provl810 LI1118 4r• rocognised wlw there is an d>ligabon at thg Balance sheet dale 88 a r8sull of a pa8t event, ri 18 probabh that a trarbsfer of Kcmmic twefrt wll be requirnd in 8dtlem¢nl. and tho wnount of t 88tt18m•)t ean bo 88tlmated reli&bty. abilrtios ar6 Tocogned at th8 arr#yJnt that the Charity antlcipatss it wlll pay to 8etUe the debt or the affK)unt it ha• rocerrfed as •S¥arKed payTrts for thè good• ly rt mult provide. Provi8ion8 are measur&J at the best estKn•te of tho omounls required to settle tha oblig8110n. Where the effect ol the tim Vall of m(xw is mal8ri81. the provisk is b8sed the present valuè of Ihoye amounts, discounl8d at thg prfrtsx discount rate Ihol rnfflects the risks 6p8cifi¢ to the Ilabilty. Thè unwrKliNJ of tt• di•c(xM 1$ re¢ognwd in the Stemont of finarKi•l activities a8 2.8 FlnanGbal In•lNm•nts Tho Charfty onty has financtal as8•ts financlal liabilities of a klnd thal qualfy as baslG financlal Instruffnts. Bas ffinarKial instruments arn initially recDglli88d at tr8nsgCtth value and •ubwuently measured at th1 8ettkm6nt valua with the ex¢gpbon ot bank IDan• which are ¥ub8equenty measured at amrb8ed cost using the eff¢¢ti¥8 interest rthI)d. 2.9 Fund xcountlng General fulS are unr8StnCt funds which are avalble for use at Ihe discrotion of the Trustees in fvrtherance (rf tho general obpctNes of the Charty and trtiich have not boon de¥gnated for other purpc468. Investment irKxJme, gains aThJ k)8888 we allocaled to •wropriate fund. CrStlcal accountlng ••tlm•t•8 and arn•• ofJudgm•nt E8tMnate8 and judgments aro cortinuamy ovaluated and arn baeed historKal •xperienc8 other factc, including expectlon$ of futu OnI$ that are l)eliev•Y lo be reAab urthr tha clrcum81ances. crthl aGcLwntir¥ estiTBt8s arwj a5sufTykns'. The Charity makes estimates and assumpti$ ccmceming the future. The resutiing acLountiThJ 8slimal8s and assumptions will. by definitll. seldom equal the related aclual re8uli& There are no estimates arKI assurnptions that have a signrfKant risk ot cau8ing 8 matarial 8dlustmènt to the carrying amounts of assets arKI Iwbilrtigs withwi Ihe next finala1 year. Paje 19
THE ACCESS FOUNDATION NOTES TO THE FINAIKIAL 8TATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 Income from donations and l•gacl Total funds 2022 lund• atn$ 1,515.COO 1,518.000 InvMtm•nt Inffl• Unrmtrlctod lunda 2022 Totsl fund• 2022 Investment Inccrfno- kMI (xh 241 241 Anaty81• of grants Granls to In8tliutlon• 2022 Totsl fundB 2022 Grant8 PgKI to ¢hariiabl& In8uln8. 801,287 801,287 Grant payments made fomi Ihe ol the Ch8rfl¥ main aclivitsel. Detalls of matertel grants made during yèar and Ih08e prior lo, can be fou1 on the Charity's website. via t link below". Analysls of •xpendltur• on ¢h•rftsblo •¢lfvllJ•o Summary by lund type funds 2022 Total 2022 Costs cl making grants 642,531 642.S31 Page 20
THE ACCESS F(XJNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 An•ty•ls ol •xp•ndknre ty actlvltl•B Grnnts pald ¢h•rltsblg Dlr•ct coth Imtltutlons 2022 2022 Support costs 2022 Total fund• 2022 Cc¢ts of making grant8 801.287 31,952 642,631 Analyskn of dlr•ct costs Totsl funds 2022 2022 Websrte C08ts 9,292 9,292 An41y•l• of •upport co•ts Totsl tund• 2022 2022 Professional fees General admini8lratNe casts Governance costs 20,7ce 1.706 9.540 20,706 1,706 Total 2022 31.952 31,952 Audltovs. rem•rlon 2022 Fees payabk to the CPwity$ for the audit ofthe CharW$ ann1 accounts Fees pay8bk to the Chaiity's aditor in res ofr. All non-audit services not irthed atrmwe 7,140 2th) Page 21
THE ACCE88 FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 During Ihe perKxI, no Trustees ro¢8ivod arry remuwation or other benefits. Dunng the period ended 30 June 2022, no Tntstee èxperne8 been incuffed. 11. Cl110. Amounts f•lllng du• wlthln ofi• y•Ar 2022 A¢¢wal8 and deferred Page 22
THE ACCESS FOUNOATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 12. Ststemtnt of funds ststBment of funds. currnnt perfad Balance at 30 Juno 2022 Incomo Expondlth Unrn•trfct•d fund• Genernl Fund8 I,S1S,241 (642,531) 872,710 13. summary of fund• summary of fund•- currnnt wlod Balan at 30 Jun• 2022 Incom• Exp•ndltur• G•noral fvnd$ 1,515341 1642,531 872,710 14. An•ly•h al n•1 al b•lwwn fund AnY$l• ol n•t ••••l• b•tw••n luDd•. ¢urr•nt wrfod Unre•trlct•d lund• 2022 Tot•1 funds 2022 Current 8886ts Crodllors du& wlihln cme y 882,250 (9,540) 882.2NI 19.5401 Totsl 872,710 872,710 Pè30 23
THE ACCESS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022 15. R•concIlion of n•t movet In fund• to n•t cmh Ilow from opeTatlng actlvStl•• 2022 Net income for the las per Stthnt ol Fin&)cial ktTr&iti86) 872,710 Adjustments for: Increase creditor¥ Not u•h provld•d by ¢x)•rntlng •ctMII•8 882,21XI 16. An•ly•l• of u•h and ca•h •qulval•nt• 2022 Cash In hand 8822SO Total ca•h and ea•h •qulvalon18 882,280 17. Analysh of ch•ng•• In n•t débt At 30 Jun• 2022 Cuh Ilow• Cash 8t bank and li harKI 8B2,250 882,250 882.200 882,200 18. R•l•l•d party trnn•aclk•n The Chaiity h05 no wtsr¢d into any rdated paty transactmin during the per, nor are there any outslanthng bCeS owing betn relaed poth$ and the Charty at 30 June 2022. P&Je 24
Document Activity Report Documenl Sent Thu, 09 Mar 2023 13:50:33 GMT Documenl Apwov•l Ststus Approval Actlvlty Summary lan Lbttle Approved Thu, 09 Mar 2023 13..55.59 GI Rotert Pa1n80n Thu. 09 Mar 2023 13.'54:02 GMT Dccum•nt Actmty HIBtory Dowrn•nt N$tory moot re¢nt artmty ffirnt Acfjv Thu, 09 Mar 2023 13:55'.03 GMT Thu, 09 Mar 2023 13:53.'09 Gh Robert Pathtn8(m vIvd th? dwjmerrt You w verrfy that trms is a genuine P(xtal d(yAThert by uploadh3 tt to the I10ng secure web page: httpJlWrflacCOnlantsPaCe.eO.Uklrn•5W8$lverffyDuM*nt
THE ACCESS FOUNDATION INOEPENDEKf AUDITORS. REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION Oplnlon Wo have audited the finanoal 51alwn8nts d Th&Acce88 Fojndat Ilhe'charity) for the riod endad 30 Jung 2022 vthrh comprise tho Statement ol financial activitl88, the BaIgn 81wt. the Statement of cash flIMs and the related note5, including a summary of swJnrfKanl actntIng polKies. The finaal reporting framework that haB been applied In their Preparat 15 appIc0b law and Unitgj 'ngdoM Accounting Stsndard$, including Financial Reportlng StaThJa 102 Yhe Financi81 Reporting Standard in the UK and Ropublic of Ireland, {Unrted rd0M Gemrdty Accepted Accounllng prXtl. Th• financial 8taloments have b¢on prepw•J in with Accourrtlng and Repcrftlng by CharitK preparing thalr ac¢ounts in Kx¢)Tthn¢e wth the Financial Reporhng Standards applicab In the UK and Republ of Irdand IFRS 102) in w¢ftrerK• to thè ACCting ard ReFth'ng by Charibes.. Slalemenl of RecomThndod Practice i88ued on 1 April 2005 whkh bs referred to in the exlanl wulatn¥ bul has been This has done in order for the accots to provide a tnje aNI fair view in accordancè wllh the Generol A¢0•d Accounting Practica affethb for remirwj PWKxJ8 bryinnkng on or after l JUary 2015. In our ophlon the financial 8latefftht$: give 8 true and fair vlv4V of Ihe state of charit8 affairs * at 30 June 2022 and d it8 incomlng rosources appli¢$ln of re8ourc88 for the ended.. have been property PTepar&J in rarKe Unit&J Kinokn) GonelY Accepted A¢counting ProctKe.' and have been prnparad in accordan with requlremgnt8 of th• Charltlgs Acl 2011. a818 for oplnlon We conducted our audit in accordanco with Internan81 Stsnd•rds on Aln9 (UK) (ISA8 {UK)l and applicable law. Our r88ponsibilites undtyy Ih¢x8 8tarvJards am fijrther descrbed In the Audrtors, r83ponsibiliti88 lor the audrt of th6 finan¢kql statements 88dh of our rewt. We are widepidenl of the charty In accordance wrth the elhical requirements that S relevant to our audrt ol th8 financial statements in the Unlled Kingdcrfn, including the FinanGial Reporting cn¢11.5 Ethul Stsndard. and have fUlfild our ¢Xher elhul r9spon8ibiliti88 in accordance wlth these requirements. We belie that the audit evidee ¥ have obtained 18 sufficient and appropriale to provhje a basis kn our oplnJn. Conclu8lon8 rnlatlng lo golng conc•rn In audrfing the financial statements. vn have ¢onckKl•J that tha Truths. u8e of th8 going concem b45is of accounting in the preparatw of Ihe fin4a1 s1atwnts 18 appropiiate. B88ed on woth hava performed, v have Tr)t identified any material uncertainties relaTrg to events or conditions that, individualty or QJItiveIy. may t signrffcant doubt on the chanty's ability lo continue as a going cc•M for a peiiryj of at I1 monts from th8 financial Statements are authori8ed for isyje. Our r8sponiibilitl and the r88FJislbilits of tt* Trust888 1th respe(I to going concem arg descrl)ed In the relev8nt sections of this report. Page 10
THE ACCESS FOUNDATION
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE ACCE&8 FOUNDATION
{CONTINUED)
Lthr infommtmin coryiiw the InfMall wluded In thfr Annual rep(l other Ihan the fmandal
8tatement8 and our Auditors. report Ireon. Thg Trustee6 are respsible f the alher Informati contelned
wllhin the Annual rep Our opnicfi on the financi81 statements do85 It cover tha other infomatP3n and.
oxcepl to the extent ctherwi8e explK41ty 8t8t¢
THE ACCESS FOUNDATION INOEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED) Audltorn. ro8pon¥lblllllo8 ft•rthe audft th• financl•l sl•tn•nts We have been appO[n a• 8udK¢r under sect)n 144 01 the Chaitw Ac 2011 and Twt in #CO8n¢0 wh Act 8nd relevont regUbln5 mwje or h8ving effecl thernurthr. Our 'ecti¥•s aro to obtsin reas(xth assurm aiKwJI whth Ilnw¢L•l 81¢mON3 98 a whol8 are Ire from material mi88taternrt whothw due lo fraud or error. arKI lo issue an Auditors. report that Includ our opiiion. Reasonable assurKe IB a hlgh knel of assuranc, bul is Mt a guarant88 that an oudit o)nducted in accordance wtth 1&4s (UK) wlll afways deteca a ten81 wi8Statement it exi$l$. Ml8Statemnts can ariaa from fr8ud or error arKI ar¢ con$Jgred material if, individualty or In regt, they o)uhd re880nabty be eycted to Inlknnce the ecc¥K>mK decisN)ns of Use tsken on tha ba81s ofthes? financial 8tatemènt8. Irr6gularfUes. Incluthng fraud, are inse rf rwmplwrKe with Ithv8 and wUtiOnS. We de81gn pICdU$ in line with our fe8p0Mbilit. out11 above. lo delect material miutslements In respect of irregularities, including fraud. Tr frxlent to TA41ich our pmc•Jum ar? cap8bl8 of dgte(lng IrTegulaTitio8. Indjirj fraLKI IB detsled beh)w. . We feviewed the susceptibrfty alth• ctr•rity'8 financigl to materlal mo141¢ and h?fIed the prirKipal riik8. irypl•rrlnll a Mri8s of te8ty procedures to pro¥ld• wrth •ufficient comfort to is8ue our opinion. . We reviewed the charW8 regukntory environment to en•urn eoubj Cond1$ that M had acaed in accordarKe with Ihe e¥an1 to the ¢h•rity •nd bts ¥110nMoftt and Id8ntfy Y Initsrices of non cc¥npliance. . We al80 8ssessed the charit's ittemal control prOxdU to ensure wè could approprithty Krulini89 these ccrtrols and establk8h wWher our urrtlerntanding of the corrtrol envyonment 8uffi¢i¢nt to 8upplemenl addrtional testing procdure8. . The engagement tewn consisted of a tM that ¢n98g•nt pwtner bell8v8818 4u¥)wd with the rel8vanl level oltechnkal end cPAnty to fty out ourwork lo th& requlred ¥thrd. 86cauB8 of thè inhorent limitatw)ns cf an audit. there 18 a riBk that Y4111 not detxt all irreguLgriti88. including those le8ding lo • material misslatement in the financial ststements or nowpliance with regulation. Th1$ risk Increases the m¢n thgt c(¥npk'ance with a lthy or regulatM)n18 refroved from the events and trans11)n$ reflected in financ1 s1ot8m8nt8. as we will be lety to become 8waTe of in8t8rKes of non-eompliance. The risk is also groaler rogardiry irregularthes Lrcurring due to fraud rather thgn error, as fraud Invoa$ Intentional cOnalMon[ fery. colluwn. omis$K)n or misreprosentalion. A further de8criptton of our resporffjbthtss for th• owjit rf the fvrKial 8tateTrthts L8 bx8ted on th• FinarKkql Rep)rting Councifs web6ite at.. 8& Th18 de8crylKJn fom8 part of our Auditors. rewt. Ljso of our report This report is made ts(Aely to the thiity's trustg9s, a5 a ly)y, in xc¢KdrÈ with Part 4 of th& Charltie8 (Accouts and Reports) Rwulthns 28. Our sr( wort Iws been undertaken w that might state lo the Clrity'S trustee8 those matter3 VIP are rwuwed to stste to Irn in 8n Auditors, report and for no purF#)se. To the fullest extent Femitted by law. * do not accetrt LY assume respsIbl1fy to anyone ¢fftr than the charity and its IrLtstees. as a body. for our worK forthis rem orforthe opinKX* have fonned. Pagè12
THE ACCESS FOUNDATION INDEPENOENT AUOITOR8' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED) WR Partners Chartered Accountants StatLrtory Audbtor¥ Drnke Hou80 Gadbrc<& Parf Gadbrcc Way Northwp Che8hi CW9 7RA 24 March 2023 WR Pwtnern are elwdknle to xt a• wditorn i) t•mM of (*on 1212 of the Crynigs Act 20C6. Page 13