(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **POWER 2 CONNECT**
Annual Report and Accounts For the year ended 31 May 2025 Charity registration number: 1204276
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## Table of Contents
**Reference and Administrative Information** ................................................................................. 3 **Annual Report of the Trustees** ....................................................................................................... 4 **Balance Sheet as of 31st May 2025** ............................................................................................. 16 **Notes to the Financial Statements for the year ended 31st May 2025** ................................. 17 **1. Accounting policies** ............................................................................................................... 17 **2. Critical judgements and estimates** .................................................................................... 20 **3. Donation & Legacies** ............................................................................................................. 21 **4. Expenditure on Charitable Activities** ................................................................................. 22 **5. Creditors: amounts due within 1 year** ................................................................................ 22 **6. Purposes of funds** .................................................................................................................. 23
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Reference and Administrative Information**
The Board of Trustees is pleased to submit our report and independently examined financial statements for the year ended 31st May 2024.
POWER2CONNECT was incorporated on 30[th] May 2020 as a CIC and registered as a charity on the 9[th ] August 2023 (number 1204276). Its objects, powers, and other constitutional matters are set out in its Constitution dated 09[th ] August 2023. These financial statements comply with the current Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (e�ective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
**Charity Name** Power2Connect **Charity Registration** The Charity was registered with the Charity Commission on 09[th] August 2023. The registration number is 1204276 **Registered** St. George’s Primary School **O�ice** Corunna Road London SW8 4JS **Charitable Objects** The charity’s objects are for the public benefit, particularly, but not exclusively in the London Borough of Wandsworth: (a) For the public benefit, to relieve poverty or financial hardship by providing or assisting in the provision of IT equipment to children, families, and adults who could not otherwise a�ord them. (b) For the public benefit, to advance education by providing digital and IT education and training that the trustees deem appropriate for children, families, and adults. **Board of Trustees** The Trustees who served during the year or who were serving at the date of this report were: - Michael Hallick (Chair) (appointed 9 August 2023)
- Sarah Collymore (appointed 9 August 2023)
- Bilal Ahmed (appointed 9 August 2023)
- Mary Tulloch (appointed 10 July 2024)
- Rachael Holtzberg (appointed 13 May 2025)
- Isabel Chapman (appointed 9 August 2023, stepped down 14 June 2024)
- Oliver Stanley (appointed 9 August 2023, stepped down 13 May 2025)
**Bankers** Metro Bank: 4-8 St John’s Rd, London, SW11 1PN
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Independent Examiner** Gareth Evans
## **Annual Report of the Trustees**
## **1 Structure, Governance & Management**
## **1.1. Structure**
Power2Connect is a registered charity.
## **1.2. Governance**
Governance of the Charity is exercised through the Board of Trustees (‘the Board’). The Board is made up of independent lay members who are responsible for the Charity’s conduct and for ensuring that it satisfies all legal and contractual obligations. The Trustees are volunteers and are not remunerated for their time. The Board is comprised of 6 Trustees with a broad range of experience including legal, commercial, finance, and public sector experience.
The Board is responsible for setting the Charity’s strategic direction and is ultimately accountable for how e�ectively the Charity meets its defined aims through direct charitable activity.
The Board employs sta� members who support the Charity’s strategic planning and operational activities. Trustees meet every month and financial and operational reports are provided to the Board monthly.
## **1.3. Trustee Recruitment, Induction and Training**
The Chair of the Trustees is appointed by the Board of Trustees. The Board of Trustees has power to appoint additional Trustees to ensure that all relevant skills and experience are represented. Every Trustee must be appointed by a resolution of the Trustees. The appointed Trustees fulfil their duties without any term limitations. A Trustee shall cease to hold o�ice if they (1) are disqualified for acting as a Trustee by virtue of sections 178 and 179 of the Charities Act 2011 or any statutory re-enactment or modification of that provision, (2) are no longer able to fulfil duties due to medical reasons, (3) are absent without the permission of the Trustees from all their meetings held within a period of six months, (4) notify to the Trustees a wish to resign.
The induction process for any individual newly-appointed to the Board of Trustees comprises an initial meeting with the board.
## A newly appointed trustee will receive:
- Constitution and articles of association
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
- The organisation’s strategic and organisational objectives for the year & the most
- The Charity Commission's guidance 'The Essential Trustee'.
## **1.4. Principal Risks and Uncertainties**
The Charity conducts regular reviews across various areas of risk including device insurance coverage, workplace safeguarding and health & safety policies, financial management and operational. The Trustees believe that, apart from uncontrollable external factors, these risks have been mitigated to a satisfactory level.
Financial management is closely monitored by the Treasurer. Ensuring a budget is approved annually before the start of the financial year and all expenditures are monitored against this budget. The Chair and Treasurer authorise expenditures, ensuring they remain within the financial envelope.
The Trustees assess major risks to the organisation during regular board meetings, informed by organisational updates from the Head of Operations & Treasurer. These assessments encompass financial risks, maintaining an appropriate level of reserves, and ensuring that all activities align with the organisation’s objectives, charities mission statement and values.
## **1.5. Reserves Policy**
The charity holds free reserves for a variety of purposes. In a relatively steady operating environment such purposes would include:
contingency contained within the charity’s operating budgets;
The charity’s free reserves at year end 31st May 2025 stood at £32,526, with total accumulated funds carried forward of £102,729.
The Trustees remain of the view that a minimum level of free reserves of £42,000 roughly equivalent to six months of core operating costs, should be maintained. While we build reserves up to that level, the charity is committed to ensuring that no reduction in reserves occurs.
Given that sta�ing is our main expenditure, it is crucial to ensure we have su�icient reserves to cover salaries and related costs in the event of financial instability. Reserves can be used for planned activities aligned with the organisation’s strategic goals, provided they do not reduce the reserve below the minimum level. In emergency situations, reserves can be accessed to cover unforeseen financial di�iculties or
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
the Board meeting.
## **2.0. Activities and Strategies**
It has been another remarkable year at **Power to Connect** as we continue to strengthen our services and expand our reach across Wandsworth. Since our launch in 2020, we have supported over **6,000 individuals** with digital inclusion initiatives.
This year, we welcomed **two new sta� members** , helping us grow into a small charity supporting **1,000 people annually** through access to devices, digital skills, connectivity, and confidence support. Our mission remains clear: to ensure that every resident, regardless of background, income, or circumstance, has the **connectivity, technology, and digital skills** needed to learn, grow, and thrive in an increasingly digital world. We do this through these key priorities:
- **Promote Sustainability:** Reuse and recycle technology to reduce e-waste and close the digital divide.
- **Access to Devices:** Collect and refurbish unused devices to provide technology to those in need.
- **Build Digital Skills:** O�er free training and workshops that enhance digital
- **Empower Individuals:** Make technology accessible so people can learn, work, and connect online.
- **Connect Our Community:** Partner with local authorities, schools, community groups, volunteers, and businesses to create a community-led response to digital exclusion.
## **3.0. Our Impact**
Demand for digital inclusion is greater than ever. Despite progress, many individuals remain disconnected - without the devices, connectivity, or skills required to engage online. This deepens social isolation, restricts access to education and employment, and limits engagement with vital online services and financial support - further widening inequalities in our community.
Our work directly addresses these challenges, which disproportionately a�ect people experiencing poverty, housing insecurity, disability, or financial hardship. By providing the tools, connectivity and confidence people need to thrive, we aim to build a more inclusive and resilient community.
We take a **holistic approach** to digital inclusion through three core areas of work:
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Device Redistribution**
Collecting, refurbishing, and redistributing unused laptops, tablets, and smartphones donated by local businesses and individuals for local people.
## **Digital Skills Training**
Delivering group workshops and one-to-one sessions covering essential digital skills, online safety, financial literacy, and job readiness.
## **Wraparound Support**
Providing free data packages, IT maintenance advice, and referrals to other community services to ensure ongoing digital confidence and independence.
## **3.1. Device Redistribution**
Over the past year, we received **1,098** donated devices, including desktops, laptops, tablets and smartphones - a substantial **74%** increase compared with the previous year and has saved an estimated 347,284 kg of CO₂e through reuse. Of these devices, **872** were distributed to people in need, a **45%** increase on the previous year.
These devices were provided to individuals experiencing digital exclusion, often alongside additional challenges that exacerbates their circumstances. We work closely with schools, the local authority and community organisations to identify people who would benefit most from our support, including groups supporting refugees, asylum seekers and migrants, young people, survivors of domestic abuse, people experiencing homelessness and other vulnerable individuals. Our work has a tangible impact on the communities we support, helping to improve educational and employment outcomes, increase access to essential services and reduce stress and social isolation.
Feedback from device recipients over the year highlights the importance of this support. Of those surveyed:
- **91%** told us that it helped their children engage more with schoolwork or online learning.
- **88%** said it supported work, training or job-seeking.
- **91%** reported that it made accessing online services and support easier.
The impact of this work is best seen through individual stories.
searching for employment, the most pressing being a lack of access to a phone. This made it di�icult for him to search for jobs and receive communications from potential employers, forcing him to rely on a local library computer and leaving him anxious that opportunities might be missed. Power to Connect provided Alex with a refurbished smartphone, which he described as transformative. “Thank you so much for the phone. It’s really helped calm my anxieties because I was starting to think there was no way I was going to be able to find a job,” he told us. With reliable access to technology, Alex
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
was able to focus on his job search and successfully secured employment at a local co�ee shop. He later shared how the phone enabled him to set up online banking, access his work rota and communicate with his team, explaining that it allowed him to take control of his life and had a significant positive impact on him professionally.
Similarly, Sarah*, a secondary school student, struggled to complete her homework due to a lack of access to a device at home. With only one shared computer in the household, she often missed deadlines and received detentions, leading to increased stress and disengagement from school. After her teacher referred her to Power to Connect, we were able to provide Sarah with a refurbished laptop. Following this, she told us: “I’m so relieved that I can complete my schoolwork at home, and now I can actually keep up with my class.”
* Names changed for privacy
## **3.2. Digital Skills and Support**
throughout our community. We understand that simply providing devices is not enough; without opportunities to build digital literacy and self-assurance, many people remain digitally excluded. To enhance this support, we welcomed a second digital tutor to our team, allowing us to expand our o�ering and provide digital skills and confidence sessions every weekday.
We recognise that digital exclusion often intersects with multiple inequalities. Among those who accessed our digital skills and confidence support, 30% reported a longterm health condition, 92% identified as ethnic minority groups **,** 74% were unemployed, and 63% lived on a low income.
All sessions were delivered in accessible community settings such as libraries, family hubs and community centres. Our programme featured a range of targeted courses and support sessions, including:
- **Family Online Safety** - supporting parents and carers to help children stay safe online and understand online risks.
- **Essential Digital Skills for Refugees, Asylum Seekers and Migrants** - supporting individuals to get set up on a laptop and develop core digital skills to help them access services, learning and opportunities.
- **Getting Started with Vinted** - guiding residents step by step through setting up accounts safely and securely, helping to address digital exclusion while supporting people experiencing financial hardship.
- **Digital Drop-ins** - informal, personalised sessions o�ering one-to-one support with laptops, tablets and smartphones. These sessions help participants ask questions, resolve technical issues and build confidence at their own pace.
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
Across the programme, we delivered a total of **14 structured courses** and **166 Digital Drop-in sessions** , engaging **490 unique individuals (** a **20%** increase on the previous year) many of whom accessed multiple sessions and ongoing support to meet their needs.
Following our support:
- **100%** of participants reported they were able to build knowledge and learn new skills to help with their everyday lives.
- **98%**
- **97%** gained a better understanding of how to stay safe online.
## _**“It has been incredibly useful for me as a mother of three children. Before the course, I knew very little about online safety, but now I have gained valuable information that helps protect my family.”**_
- Anonymous learner
_**“Most of us were beginners, but the team provided clear, step-by-step instructions at a comfortable pace. All our questions were patiently answered by the team. By the end of the course, we were set up and confident to continue independently. We were also given guidance on where to find additional support if needed.”**_
- Anonymous learner
_**“The drop-in sessions are really helpful and welcoming. The volunteers are patient and friendly, taking time to answer questions and provide support tailored to each person’s needs. I feel more confident using my device and solving problems on my own after regularly attending.”**_
- Anonymous learner
## **3.3. Connectivity**
continue to rise. Through our partnership with Good Things Foundation, we distributed over **90 mobile SIM cards** this year, providing 12 months of data, texts, and calls. A vital lifeline for people who cannot a�ord a mobile connection.
## **3.4. Wraparound Support**
We know that digital inclusion doesn’t work in isolation. Many people who access our support face multiple inequities and challenges. While they often come for help with practical digital tasks, their engagement frequently uncovers wider issues, such as financial hardship, housing insecurity or mental health concerns. Our work extends beyond digital skills, connecting people with local services in Wandsworth - like
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
Citizens Advice and Wandsworth Foodbank, ensuring they receive the wraparound support they need.
Hina*, a single mother living in temporary accommodation, attended a drop-in to get support digitalising her CV. During the session, it became clear she also needed wider support. We referred her to a **local family support hub** , enabling her to get support with managing her finances, support her with her employment search, and access guidance for longer-term stability.
By linking individuals with local services and programmes, we can address a wide range of needs-from education and employment to health and social support. This collaborative approach ensures that people not only gain the tools and skills to get online but also the **connections, guidance and confidence** to fully participate in their communities and improve their everyday lives. *Name changed for privacy.
## **3.5. Volunteers**
This year, **50 new volunteers** signed up to join Power to Connect, bringing a wealth of skills, experience and energy that is already making a di�erence. From students gaining work experience to older adults seeking meaningful ways to give back, our volunteers are driving the work we do and the impact we achieve every day.
To support our growing volunteer base, we introduced a **dedicated Volunteer Coordinator** . This role has strengthened our organisational capacity, providing tailored guidance, improving communication, and creating meaningful opportunities for volunteers to contribute. As a result, volunteers are now able to give their skills more e�ectively-whether refurbishing devices, delivering digital skills sessions, or supporting community engagement-ensuring a positive and rewarding experience for everyone involved.
_**much patience it takes to support people who aren’t digitally confident. Most of my previous experience was remote, so I had little face-to-face interaction. These sessions have helped me develop patience, communication skills, and the ability to guide people e�ectively. I’m especially grateful for all the support and guidance I’ve received along the way from the team - these skills will be invaluable in my future work opportunities."**_
- Power to Connect Digital Champion Volunteer
## **3.6. Partnerships**
Partnerships are central to our work and remain a key focus as we grow. Our corporate partners support us in many ways-from device donations and employee volunteering to sharing expertise, providing financial support, and advocating on digital inclusion. We
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are deeply grateful for these relationships and are committed to nurturing and expanding them.
Over the past year, our community partner network grew by **15%.** These trusted partners are essential in reaching deeply embedded local communities and ensuring our support meets real, local needs.
Collaboration underpins our approach. Rather than working in isolation, we engage with existing local networks, including Wandsworth Council, Wandsworth Libraries, local schools, GP practices, food banks, and community organisations. These relationships help us understand diverse needs and tailor our services e�ectively. Our experience shows that bridging the digital divide requires a joined-up, collective e�ort - there is no single solution.
_**“I would like to sincerely thank you and your team for delivering such an impactful programme. The weekly digital support sessions at Roehampton Library have become an essential resource for our community. Many older adults are gaining confidence in setting up and using their smartphones, with support tailored to their everyday needs. Your volunteer’s skill, kindness, and patience are exceptional, and their commitment ensures that everyone leaves feeling more confident and supported. These sessions are playing a vital role in bridging the gap between technology and those who might otherwise feel left behind.”**_
- Tatiana Dobreva, Roehampton Library Manager
_**From our small hub in the heart of the Doddington and Rollo Estate, we work with partners and volunteers to support our community. For over two years, Power 2 Connect have provided outstanding support - supplying laptops, phones, and connectivity to refugees, families, students, people experiencing homelessness, and children in hospital. Their work has enabled access to education, housing, healthcare, and vital support services. We are deeply grateful.**_
- Elizabeth Odonno, Cromwell Community Hub
_**“Your organisations support has been incredible, and the families were truly grateful for the help- thanks again for your amazing support!”**_
– St John Bosco College representative
## **4. Future Plans**
priorities for the year ahead. Our focus is on strengthening our impact, deepening our relationships with communities, and ensuring more people can access the digital support they need. Our priorities:
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Strengthening How We Show Impact**
We will continue to improve how we capture and share the di�erence our work makes, using stories and insights from the people and communities we support to guide our learning and communicate our impact.
## **Raising Awareness of Digital Exclusion**
We aim to increase understanding of digital exclusion and the role our work plays in addressing it, ensuring our impact and values are clearly communicated to communities, partners and supporters.
## **Building Sustainable Support**
We will continue to strengthen the sustainability of our work by growing long-term partnerships, including with businesses that share our commitment to tackling digital exclusion. Through a mix of financial support, donated devices, shared expertise, and advocacy, these partnerships will help us reach more people, respond flexibly to community needs, and ensure our support remains accessible over the long term.
## **Growing and Evolving Our Services**
We plan to extend our digital skills support to new audiences and locations, adapting our o�er to reflect the lived experiences and priorities of the communities we serve.
## **Staying Grounded in Our Purpose**
inclusive, and focused on reducing digital exclusion.
## **6. Responsibilities of Trustees for the Annual Accounts**
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
give a true and fair view of the state of a�airs of the charity and of the incoming resources and application of resources, including the income or expenditure, of the charity for that period.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and apply them consistently
- observe the methods and principles in the Charities SORP
- make judgements and accounting estimates that are reasonable and prudent
- inappropriate to presume that the charity will continue in business
The Trustees are responsible for keeping proper and adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **7. Approval**
The report of the Trustees was approved by the Trustees on 09.10.25 and signed on its behalf by:
## Michael Hallick
Chair
## **Report of the Independent Examiner to the Trustees of Power 2 Connect**
I report on the annual accounts of Power 2 Connect for the period ended 31 May 2025, set out on pages 14 to 21.
This report is made solely to the Charity Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trust and the Trustees for my independent examination, for this report, or the opinions I have formed.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The Charity Trustees consider that an audit is not required for this (under section 144(2) of the Act) and that an independent examination is needed.
It is my responsibility to:
• Examine the accounts (under section 145 of the Act);
• To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and
- To state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Charity Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT**
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
Based on the examination, I have no concerns to report and am not aware of any other matters that should be brought to attention to facilitate a clear and accurate understanding of the accounts.
The accounts have been reviewed and signed by Gareth Evans – Assistant Director - Children's Finance
Wandsworth Council
Signed: 09/10/2025
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Statement of Financial Activities for the year ended 31st May 2025 (incorporating an income and expenditure account)**
## **Statement of Financial Activities for the year ended 31st May 2025 (incorporating an income and expenditure account)**
|**Note**
**Income from:**
Donations and legacies
**3**
**Total income**
**Expenditure on:**
Charitable activities
**4**
**Total expenditure**
`
**Net income (expenditure)**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds brought**
**forward**
**Total funds carried**
**forward**|**Restricted**
**£**
**72,370**
**72,370**
**(81,596)**
**(81,596)**
**-**
-
**-9,226**
**79,429**
**70,203**|**Unrestricted**
**£**
**44,896**
**44,896**
**(14,960)**
**(14,960)**
**29,936**
-
**29,936**
**2,590**
**32,526**|**2025**
**Total**
**£**
**117,266**
**117,266**
**(96,556)**
**(96,556)**
**20,710**
-
**20,710**
**82,019**
**102,729**|2024
Total
£
109,424|
|---|---|---|---|---|
|||||109,424|
|||||(70,692)
(70,692)|
|||||38,732|
|||||-
38,732
43,287|
|||||82,019|
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Balance Sheet as of 31st May 2025**
## **Statement of Balance Sheet as of 31st May 2025**
|**Notes**
**Fixed Assets**
**Current Assets**
Cash at Bank
**Creditors: amounts**
**falling due within one**
**year**
**5**
**Net Current Assets**
**Net Assets**
**Capital and Reserves**
**Profit & Loss**
**Retained Income**|**2025**
**Total**
**£**
**-**
105,958
3,229
102,729
102,729
-
20,710
82,019
102,729|2024
Total
£
-|
|---|---|---|
|||85,258|
||||
|||3,238|
||||
|||82,019|
||||
|||82,019|
|||-
38,732
43,287|
|||82,019|
The annual accounts were approved by the Trustees on 09[th] October 2025 and signed on its behalf by:
Michael Hallick, Chair
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **Notes to the Financial Statements for the year ended 31st May**
## **2025**
## **1. Accounting policies**
## **1.1. General information**
Power2Connect is a charity registered with the Charity Commission (charity registration number 1204276)
## **1.2. Going concern**
material uncertainties regarding the Charity’s ability to continue in operational existence for the foreseeable future. In arriving at this conclusion the Trustees have taken account of current and anticipated financial performance in the current economic conditions, its business plan and its reserves position.
For this reason, the going concern basis continues to be adopted in the preparation of the Charity’s financial statements.
## **1.3. Basis for preparation**
otherwise stated in the relevant accounting policy notes and in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (e�ective 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The principal accounting policies that have been applied to all years presented in these
estimates. It also requires Trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could di�er from such estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 2.
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(Charity Reg. No= 12042761
Annual Report and Accounts For the year ended 31 st May 2025
181Page
(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **1.4.**
No provision for outstanding holiday pay was made under previous UK GAAP. Under FRS 102 the costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received.
## **1.5. Fixed Assets**
## **1.6. Fund accounting**
## **1.7. Financial instruments**
categorised as ‘basic’ in accordance with Section 11 of FRS 102 and are initially recognised at transaction price. These are subsequently measured at their transaction price less any impairment.
## **1.8. Income**
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income: Donations and grants are split between restricted and unrestricted funds in accordance with the terms of the grant or donation. Donations and gifts are recognised in the statement of financial activities when receivable. Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Donated services and facilities are included at the value to the charity where this can be quantified. Bank interest is recognised on an accrual basis.
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## **1.9. Expenditure**
inclusive of any VAT that cannot be recovered. It is recognised when there is a legal or constructive obligation to pay for it. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by sta� or resources used on those activities.
## **1.10.**
the amounts payable by the charity to the fund in respect of the year.
## **1.11. Leases**
activities over the period they are incurred.
## **2. Critical judgements and estimates**
No critical judgements have been made by management in applying the charity’s accounting policies.
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(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
|**Donations & Legacies**
Post Code Society Grant
Masonic Charitable
Foundation
Sir Walter St.Johns
Educational Charity
Banham Security
Garfield Weston
Foundation
Peabody Grant
City Bridge Trust
London Community
Foundation
Wandsworth Borough of
Sanctuary Fund
Good Things Foundation
The National Lottery
Community Fund
Time After Time
Wandsworth Grant Fund
Landsec Futures
Community Grant
Wandsworth Cost of Living
Fund
Wandsworth Care Alliance
Other income & donations
**Total Donations**|**Restricted**
**£**
**-**
**12,500**
**1,000**
**-**
**10,000**
**-**
**10,000**
**10,000**
**-**
**2,400**
**-**
**10,920**
**-**
**-**
**15,000**
**550**
**-**
**72,370**|**Unrestricted**
**£**
**25,000**
**-**
**-**
**10,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**9,896**
**44,896**|**2025**
**Total**
**£**
**25,000**
**12,500**
**1,000**
**10,000**
**10,000**
**-**
**10,000**
**10,000**
**-**
**2,400**
**-**
**10,920**
**-**
**-**
**15,000**
**550**
**9,896**
**117,266**|2024
Total
£
-
-
-
-
-
5,000
9,900
10,000
8,600
19,830
21,840
9,995
2,000
14,585
-
7,674|
|---|---|---|---|---|
|||||109,424|
## **3. Donation & Legacies**
21 | P a g e
(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **4. Expenditure on Charitable Activities**
|**Expenditure on Charitable Activities**
Restricted
Unrestricted|**2025**
**Total**
**£**
**81,596**
**14,960**
**96,556**|2024
Total
£
58,608
12,084|
|---|---|---|
|||70,692|
## **5. Creditors: amounts due within 1 year**
|**Current Liabilities**
NIC Payable
PAYE Payable
Pensions Payable
Student Loan Deductions Payable|**2025**
**Total**
**£**
**1,624**
**1,247**
**0**
**358**
**3,229**|2024
Total
£
3,417
(1,406)
690
537|
|---|---|---|
|||3,238|
22 | P a g e
(Charity Reg. No: 1204276) Annual Report and Accounts For the year ended 31st May 2025
## **6. Purposes of funds**
**General funds:** these are available for use at the Trustees ' discretion in furtherance of the objectives of the charity.
**Restricted funds:** purposes, the use of which is restricted to that area or purpose.
23 | P a g e