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|||Page|
|---|---|---|
|Trustees'
and Professional
Advisers|||
|Trustees'
Annual
Report||2 —5|
|Trustees'
Responsibilities
Statement|||
|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|
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|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|||
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|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|||
|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.|||
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|||||||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|
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||||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|
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|||||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|
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|||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|
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||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|
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|||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|
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