| Page | ||
|---|---|---|
| Trustees' and Professional Advisers |
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| Trustees' Annual Report |
2 —5 | |
| Trustees' Responsibilities Statement |
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| Independent Examiner'8 Report to the Trustees ofThe Livingbridge |
Foundation | 7 —8 |
| Statement of Financial Activities | ||
| Statement of Financial Position | 10 | |
| Statement ofCash Flows | ||
| Notes to the Financial Statements | 12 - 15 |
| Directors (and Trustees) | Directors (and Trustees) | XWoodward | (Chair) | (Chair) |
|---|---|---|---|---|
| J Dennison | ||||
| C Hale | ||||
| A Yateman-Smith | ||||
| Registered | number | 13071730 | ||
| Charity number | 1194565 | |||
| Registered | office | 100Wood Street | ||
| London | ||||
| EC2V 7AN | ||||
| Independent | Examiner | David Hoose, | Mezers LLP | |
| Tower Bridge | House | |||
| St Kathedine's | Way | |||
| London | ||||
| E1W 1DD | ||||
| Bankers | Lloyds Bank Pic | |||
| 39Threadneedle | Street | |||
| London | ||||
| EC2R BAU | ||||
| Solicitors | Mills & Reeve | |||
| 24 King Wilkam Street | ||||
| London | ||||
| EC4R 9AT |
| Below is a review ofthe Foundation's | awards this year. Aff ofthese programmes represent |
awards this year. Aff ofthese programmes represent |
the values ofthe Foundation, | the values ofthe Foundation, | and |
|---|---|---|---|---|---|
| the Trustees are proud to support them. | |||||
| Minds Matter | |||||
| donation in period: $75,000 |
|||||
| future commitment recognised |
in period: $75,000 | ||||
| Connecting driven and determined high |
school students from |
low-income | |||
| households in the greater Boston area |
with the people, preparation |
and | |||
| possibilities that they need to succeed |
in college and beyond. | ||||
| Sutton Trust | |||||
| TNf | donation in period: E55,000 future commitment recognised |
in period: f55,000 | |||
| SUTTON | |||||
| TRUST | The Sutton Trust champions sooal mobility so that every young person |
||||
| has the opportunity to succeed. As |
a child from a disadvantaged |
||||
| background is significantly lagging behind those oftheir more |
advantaged | ||||
| counterparts, social mability is about ensuring the opportunities |
open | ta a | |||
| young person are not dependent on the |
economic and social position | they | |||
| were born into. |
| Hideout Youth Zone | ||
|---|---|---|
| donation in period: E25,000 |
||
| future commitment recagnised in period: E25,000 |
||
| HideOut Youth Zone (HOYZ) is a charity dedicated to supporting |
||
| young people in Gorton - one of the most deprived areas |
in | |
| Manchester. Combined with high-crime and gang-related issues |
in | |
| surrounding areas HOYZ is positioned on 'Neutral' ground ensuring |
||
| it is a safe zone for community engagement end can reduce |
the | |
| number ofyoung-people on the 'streets' vulnerable to gangs. |
||
| Action Tutoring | ||
| donation in period: E35,DDD |
||
| future commitment recognised in period: E165,000 |
||
| Action Tutonng is a national education chanty dedicated |
to | |
| supporting pupils from disadvantaged backgrounds ta achieve |
a | |
| meaningful level of academic attainment. The organisation works |
||
| with schools to provide Maths and English tuitian programmes which |
||
| are delivered by trained volunteer tutors who guide pupils through |
a | |
| tailored curriculum durin weekl one-hour sessions. |
||
| Switchback | ||
| donatian in period: E50,000 |
||
| future commitment recognised in period: f100,000 |
||
| Switchback help young Londaners to find a way out of the justice |
||
| system and make real-lasting change in their lives. They do this |
by | |
| providing Mentors who support young offender in pnson and post- |
||
| release with a 1-2-1 relationship that enables the 'Trainee' toget their |
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| life back on track. | ||
| Greater Change donation in period: E75,000 |
||
| Greater Change provide direct funding to the homeless who need |
to | |
| reach a certain financial goal to move forward and give them |
an | |
| o ortunit to et out ofhomelessness for ood. |
||
| upHeach | ||
| donation in period: E150,000 |
||
| future commitment recognised in period: f100,000 |
||
| upReach is a national sooal mobility charity. Their mission is |
to | |
| create the conditions for undergraduates from less-advantaged |
||
| backgrounds to access and sustain top graduate jobs. This is done |
||
| through an Intensive programme of career support. Working |
in | |
| partnership with universities and top graduate emplayers, |
the | |
| programme provides up to three years of support ta help students |
||
| explore career options, develop employability skills and succeed |
in | |
| securin their desired 'ob. |
| For the Period 9 | ||||||
|---|---|---|---|---|---|---|
| December 2020 to | ||||||
| 31 December | ||||||
| 2021 | ||||||
| Note | E | |||||
| Income | ||||||
| Donations | 757,000 | |||||
| Gross income | in the reporting | period | 757,000 | |||
| Expenditure | ||||||
| Charitable activities |
(948,075) | |||||
| Other expenditure | (14,110) | |||||
| Total expenditure | (962,185) | |||||
| Net movement | in funds | in the | reporting | period | 205 'I | |
| Fund balances | at 9 December | 2020 | ||||
| Fund balance | carried forward | 205,185 |
| 2021 | |||
|---|---|---|---|
| Notes | F | ||
| Current assets | |||
| Debtors: amounts | falling due within one year | 139,200 | |
| Cash at bank and | in hand | 312,885 | |
| 452,085 | |||
| Current liabilities | |||
| Creditors: amounts | falling due within one year | (552,270) | |
| Net current liabilities | 100,185 | ||
| Non-current liabilities |
|||
| Creditors: amounts | falling due after one year | 9 | |
| Net liabilities | 205, '1 85 | ||
| Representing: | |||
| Unrestncted Funds |
(205,185) | ||
| Total charity funds | 205,185 |
| 2021 | ||||
|---|---|---|---|---|
| Cash flow from operating | activities | |||
| Net movement in funds |
(205,185) | |||
| Adjustments for: |
||||
| Increase in debtors |
(139,200) | |||
| Increase in creditors |
657,270 | |||
| Cash generated in operating activities |
312,885 | |||
| Change in cash and cash | equivalents | in the | year | 312,885 |
| Cash and cash equivalent | at the beginning | ofthe year | ||
| Cash and cash equivalents | at the end | ofthe year | 312,885 | |
| Analysis ofcash and cash | equivalents | |||
| Cash at bank | 312,885 | |||
| Total cash and cash equivalents | 312,885 |
| Support grants | "Matched | Total | ||
|---|---|---|---|---|
| to institutions | Donatians" | expenditure | ||
| Far the period | For the period | For the period | ||
| 09 December | 09 December | 09 December | ||
| 2020 (date of | 2020 (date of | 2020 (date of | ||
| incorporation) | incorporation) | incorporation) | ||
| to 31 | to 31 | to 31 | ||
| December | December | December | ||
| 2021f | 2021 5 |
2021 | ||
| Charitable | activities | 946,075 | 2,000 | 948,075 |
| For the | |
|---|---|
| period 09 | |
| December | |
| 2020 (date of | |
| incorporation) | |
| to 31 | |
| December | |
| Support grants byinstitution | 2021 f |
| Minds Matter | 111,075 |
| Sutton Trust | 110,000 |
| Hideout Youth Zone | 50,000 |
| Action Tutoring | 200,000 |
| Switchback | 150,000 |
| Greater Change | 75,000 |
| upReach | 250,00D |
| Yorkshire Cancer Research | 1,000 |
| Refugee Council | 1,000 |
| 946,075 |
| For the | ||
|---|---|---|
| period 09 | ||
| December | ||
| 2020 (date of | ||
| mcorporation) | ||
| to 31 | ||
| December | ||
| 2021 | ||
| E | ||
| Accountancy | Fees | 6,420 |
| Legal Fees | 7,666 | |
| Bank Charges | 25 | |
| 14,111 |
| For the | ||
|---|---|---|
| period 09 | ||
| December | ||
| 2020 (date of | ||
| incorporation) | ||
| to 31 | ||
| December | ||
| 2021 | ||
| 6 | ||
| Accrued income | 130200 | |
| Creditors: amounts | falling due within one year | |
| Forthe | ||
| period 09 | ||
| December | ||
| 2020 (date of | ||
| incorporation) | ||
| to 31 | ||
| December | ||
| 2021 | ||
| 6 | ||
| Grant commitments | 545,650 | |
| Accruals | 6,620 | |
| 552,270 |