2023-08-31-accounts

	Page
Legaland adm¡n¡strat¡veinformation	1
Trustees' Annual Report	2
lndependentexaminer's report	I
Statement offinancial activities	10
Balance sheet	1'l
Notestothefinancial statements	12

		Unrestricted	Unrestricted	Restricted	Total
			Funds	Funds	Funds
	Nole		2023	2023	2023
			E	Ê	E
INCOMEFROM
Donations and legacies	2		89,889	19,700	109,589
Charitable activities	3		't0,650	500	11,150
lnvestments: bank interest			77		77
Otherincome
TOTALINCOME			100,616	2O,2OO	120,916
EXPENDITURE ON:
Raising funds	4		13,674		13,674
Charitable activities
Employability	4		18,814	9,483	28,297
Mentoring			10,849		10,849
lnsight			3,084	10,717	13,801
Corporate engagement			18,31'l		18,311
			51,058 2O,2OO		71,258
TOTALEXPENDITURE			64,732	20,200	84,932
Net income/(expenditure) before
net gains/(losses) on investments			35,884		35,884
NET TNCOME/(EXPENDTTURE) FOR
THE YEAR			35,884		35,884
RECONCILIATIONOF FUNDS
TOTALFUNDSAT17AUGUST 2022
TOTALFUNDSAT31 AUGUST2023		r	35,884r	N¡tE	35,884

	Notes			2023
		E		f
FIXED ASSETS
Tangible assets	11			1,674
CURRENT ASSETS
Cash at bank and inhand		86,093
CREDITORS:amounts fallingduewithinone year	12	(16,795)
NET CURRENT ASSETS				69,298
TOTALASSETS LESS CURRENTLIABILITIES				70,972
CREDITORS:amounts fallingdueafterone year	13			(35,088)
NET ASSETS			I	35,884
FUNDS
Unrestricted funds:
General fund	14			35,884
			Ê	35,884

DONATIONS AND LEGACIES
	Unrestricted		Restricted		Total
		Funds		Funds	Funds
		2023		2023	2023
		E		E	Ê
Trustsand foundations		59,500		19,700	79,200
Corporate donations		14,195			14,195
lndividualdonations		2,923			2,923
	E	89,889	E	19,700Ê	109,589
INGOME FROMCHARITABLE ACTIVITIES
	Unrestricted		Restricted		Total
		Funds		Funds	Funds
		2023		2023	2023
		Ê		E	Ê
Otherearned income		10,650		s00	11,150
	Ê	10,650	Ê	500Ê	11,150

ANALYSISOFEXPENDITURE
					Support&
					governance		Total
	Staffcosts		Direct costs			costs	2023
		Ê		Ê		Ê	r
Employability		15,117		6,977_		6,203	28,297
Mentoring		7,692				3,157	10,849
lnsight		9,354		608		3,839	'13,801
Corporateengagement		12,983				5,328	18,311
		45,146		7,585		18,527	71,258
Fundraising costs		8,883		1,146		3,645	13,674
Support& governance		'15,743		6,429		(22,1721
	t	69,772	Ê	15,160	Ê	N¡lÊ	84,932

STAFFCOSTSAND NUMBERS
	Unrestricted		Restricted	Total
		Funds	Funds	Funds
		2023	2023	2023
		Ê	r	Ê
Salarycosts
Wagesand salaries		49,720	19,600	69,320
Social security costs		452		452
	Ê	50,172	Ê19,600Ê	69,772

SUPPORT AND GOVERNANCECOSTS
		Total
		Funds
		2023
		t
Programme freelance		370
Accountancy		600
lndependent examination		I,200
Training		364
DBS		90
Otherprogramme costs		93
lTandequipment		61
lnsurance		459
Entertaining		164
DuesandSubscriptions		1,925
BankandPayPal Fees		20
Otheroffice costs		325
Depreciation		758
Staffsupport costs		15,743
	t	22,172

TANGIBLEFIXEDASSETS
		Office
		equipment
		t
Cost
Additions -netvalueof assetsdonatedfrom the CIC		2,432
Depreciation
Charge fortheperiod		758
At 31 August 2023	r	758
Netbook value
At16August 2022
At 31 August 2023		1,674
CREDITORSTAMOUNTS FALLINGDUE WITHINONE YEAR
		2023
		E
Socialsecurity and othertaxes		3,592
Bankloan repayable in oneyear		11,403
Accruals		1,800
	t	16,795

Amountdueinoneyeart		11,403
Amountdueintwo tofiveyears		35,088
	Ê	46,491

STATEMENTOF FUNDS
					Transfersand
		Brought	lncoming	Resources¡nvestment
		Forward Ê	Resources Ê	Expendedgains/(losses) 8Ê
RESTRICTED FUNDS
AwardsforAll			9,700	(9,700)
Peabody			10,500	(10,500)
	Ê	Nifî.	20,200	E(20,200)	Ê	Nil
SUMMARY OF FUNDS
General Funds Restricted Funds		-	100,616(64,7321 20,200(20,200)
					Ê	N¡I
Restricted funds	-i¡--120-.8-i0---@F3Ð

ANALYSISOF NETASSETS BETWE	ENFU	NDS	NDS
		UnrestrictedFunds
	Designated Funds ÊÊ		General Funds	Restricted Funds Ê		Total Funds Ê
Tangible fixed assets			1,674			1,674
Net current assets			69,298			69,298
Creditors due in morethanoneyear			(35,088)			(35,088)
	Ê	N¡lI	35,884	E	NiI Ê	35,884

	Unrestricted	Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2023f	2023 Ê	2023 f
Netmovementinfunds		35,884		35,884
Netexpenditureon additions for theyear		1,674		1,674
	E	37,558Ê	Nil	E----fiF5B-

	Unrestricted Funds E	RestrictedTotal Funds Funds 2023 8Ê	RestrictedTotal Funds Funds 2023 8Ê	RestrictedTotal Funds Funds 2023 8Ê
INCOMEFROM
Grantfunding	52,500		19,700	72,2O0
Donations and sponsorship	37,389			37,389
Operational income
Other earned income	10,650		500	I1,150
Bank interest	77			77
TOTAL INCOME	100,616		20,200	120,816
EXPENDITUREON
Staff costs
Grosswages	45,720		19,600	69,320
Employer'sNl				452
Pensions
Mentee Work Experience Wages
Freelance staff
Programmes freelancestaff	4,467			4,467
Accountancy	600			600
Other staff costs
Training	364			364
DBS	90			t:
Uniform
Programme costs
Programme Delivery Costs	2,369		251	2,620
Programme travel, incl Oystercardtop-ups	801		197	998
Marketing and promotion	434		118	552
Programme resources and materials	15			15
Youth Bursary	63		34	97
Other prgramme costs	33			33
General running costs
lT and computer costs	383			383
lnsurances	459			459
Entertaining	164			164
Duesand Subscriptions	1,925			1,925
Bankand PayPalFees	20			20
Charitable Conlributions
Other office costs	326			326
Oiher Professional Services
Priniing, Postage and Stationery
Refreshments	89			89
Depreciation	758			758
Sundry
Audit/lndependentExamination	1,200			1,2O0
TOTAL EXPENDITURE	64,732		2O,2O0	84,932
Netincomebeforetransfers	35,884			35,884
Transfers between funds
NETMOVEMENT IN FUNDS	35,884			35,884
TOTALFUNDSAT17AUGUST2022
TOTAL FUNDS AT 31MARCH	35,894			35,884