2023-03-31-accounts - Ft Financial Literacy And Inclusion Campaign

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		Page
General Information
Report ofthe Trustees
Independent Examiner's	report
Statement of Financial Activities
Balance Sheet
Notes to the Financial	Statements

										Total
			Unrestricted		Restricted				25	May 202l
			income		income			Total	to	3 I March
		Note		Fund	Fund			2023		2022
						E		f.		f.
Income and endowment:s	from:
Donations and legacies:
Donations received			405,239		I73,242			578,48 I		484,804
Other income				I75				l75
Interest received				638				638
Total income and endowments			406,052		I73,242			579,294		484,804
Expenditure on:
Raising funds:
Costs ofgenerating voluntary	income			9,627				9,627		9,854
Charitable activities:
Governance costs				57,389				57,389		8,782
Charitable expenditure			I	I7,996	I30,025			248,02 I		90,032
Total resources expended			I	85,012	I30,025			3 I5,037		l08,668
Net incoming resources			22I,040		43,2 I	7		264,257		376,136
Net movement in funds			22I,040		43,2 I	7		264,257		376,I36
Reconciliation offunds:
Total funds brought forward at 3 I March 2022			376,I36					376, I36
Total~unds carried-forward	at 3I March	2023	597, I76		43;2I7		.	640,393		376,/36

					Note	2023	2022
Fixed assets
Tangible fixed assets					9	2,6I8	988
Intangible fixed assets					IO		3,845
						2,6I8	4,833
Current assets
Cash at bank —unrestricted			income			647,3I6	457,065
Cash at bank —restricted		income				43,2 I7
Debtors						2,000
						692,533	457,065
Liabilities
Creditors: amounts falling		due within one year			12	(54,758)	(85,762)
Net current assets						637,775	37/,303
Net total assets						640,393	376,/36
The funds ofthe charity
Unrestricted income fund						597, I76	376,/36
Restricted income fund						43,2I7
Total charity funds						640,393	376,/36
The financial statements signed on their behalf by:	set out on page 7 -			l7 was approved	by the Trustees on	Q~	2023 and were

4. Do	nations received
					25	May 202I
					to	3 I March
				2023		2022
Voluntary	donations			405,239		484,804
Restricted	donations			I73,242
				578,48 I		484,804
A donation	of 655,025 is restricted to an adult learning project.
A donation	of675,000 is restricted to curriculum	design	and teacher training projects.
A donation	ofH3,2I7 is restricted to exploring	potential	US expansion.

is shown in t	he ta	ble belo	w:
					Charitable
					activities	Governance		Basis of
						E		allocation
Staff remuneration					161,805	32,066	193,871	Staff time
Payroll taxes					15,297	3,101	18,398	Staff time
Pension contributions					18,237	3,703	21,940	Staff time
Health insurance					907	180	1,087	Staff time
Staff recruitment		costs			822	163	985	Staff time
Rent					12,010	2,390	14,400	Staff time
Insurance					501	100	601	Staff time
Entertainment	and gifts					997	997	Usage
Computer costs						1,837	1,837	Usage
Website costs					6, 168		6, 168	Usage
Depreciation						845	845	Usage
Independent	examination		fees			1,890	1,890	Usage
Accountancy,	bookkeeping		and management	fees		10,117	10,117	Usage
					215,747	57,389	273,136
Allocation	ofsupport costs and overheads				—prior period
					Charitable
					activities	Governance	Total	Basis of
—					E	E	E	allocation
Staff-remuneration					56,529-	4,363	60,892	Staff time
Payroll taxes					6,351	456	6,807	Staff time
Pension contributions					5,166	354	5,520	Staff time
Staff recruitment		costs			879	67	946	Staff time
Rent					11,041	839	11,880	Staff time
Printing, postage		and stationary			8		8	Usage
Computer costs						579	579	Usage
Depreciation						199	199	Usage
Independent	examination		fees			1,800	1,800	Usage
Accountancy,	bookkeeping		and management	fees		125	125	Usage
					79,974	8,782	88,756

			25 May 202 I
			to 3 I iviarch
		2023	2022
Project Expenditure
Young, gifted and broke event		270
Financial Times Weekend		132
Manchester school workshop		94	5,432
Eden Park workshop		90	3,/69
Birmingham school workshop		934
Blackburn school workshop		673
Newcastle school workshop		448
Shoreditch Park workshop		13I
International Women's day			/,457
City of London Academies	Trust general expenditure	29,502
		32,274	/0,058
Support Costs associated with project expenditure
Staff remuneration		I6I,805	56,529
Payroll taxes		I5,297	6,35/
Pension contributions		I8,237	5,/66
Health insurance		907
Staff recruitment costs		822	879
Rent		I2,0 I0	/ /,04/
Insurance		50l
Printing, postage & stationary			8
Website costs		6, I68
		215,747	79,974
Total charitable expenditure		248,02 I	90,032

9.	Tangible Fixed Assets	Computer	Office
		equipment	equipment	Total
		E	E.
Cost
At	I April 2022	1,187		1,187
Additions		2,305	170	2,475
At	31 March 2023	3,492	170	3,662
Depreciat:ion
At	I April 2022	199		199
Charge for the year		832	13	845
At	31 March 2023	1,031	13	1,044
Carrying amount
At	31 March 2023	2,461	157	2,618
At	31 March 2022	988		988

I2.	Creditors	2023	2022
			f
Trade	creditors		269
PAYE	creditors	7,625
Other	creditors	45,883	85,493
Other	accruals	I,250
		54,758	85,762

14.	Analysis	Analysis	Analysis	ofcharitable
					Balance			Balance
					brought			carried
					forward	Income Expenditure		forward
						f.
Unrestricted			fund		376,136	406,052	(185,012)	597,176
Restricted		fund				173,242	(130,025)	43,217
Total					376,136	579,294	(315,037)	640,393
The	Restricted			Fund's assets are held as Cash at Bank.