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2021-03-31-accounts

Headliners (UK)

Trustees Report & Financial Statements

31 March 2021

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Headliners (UK) Trustee Report and Financial Statements 31[st] March 2021

Status The organisation is a charitable company limited by guarantee, incorporated on The organisation is a charitable company limited by guarantee, incorporated on
3 October 1994 and registered as a charity on 12 January 1995.
Charity Number 1043300
Company Number 2976335
Number
Registered Address Can Mezzanine, 49-51 East Road,
Hackney, London N1 6AH
Trustees Jonathan Hudson Chair
Dr David Baines Deputy Chair
Gana Alampalle
Alex Brookes
Emma Corry
Victoria Gashe Resigned 23rdSeptember 2020
Jonathan Grosskopf
Resigned 25 May 2021
David Izamoje
Eva Keogan
Eshe Nelson
Niall Parfitt
Darell Philip
David Seymour Resigned 24thMarch 2021
Maggie Taggart
Chief Executive Mrs Alison Talbot – from 1stApril 2020.
Bankers Barclays Bank PLC
Islington and Camden Business Centre
PO Box 3474
London
NW1 7NQ
Solicitors Pinsent Masons
30 Crown Place, London EC2A 4ES
Auditors Goldwins Chartered Accountants
75 Maygrove Rd,
London NW6 2EG

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Chair’s Foreword

It is with great pleasure that I present this years annual report and accounts for review by our friends and partners. I am pleased because of the fantastic work our staff team have delivered over the past year in the face of unprecedented circumstances, placing an extraordinary strain on resources and established ways of working. I can only commend their resilience and ability to adapt to change.

Given the external environment, changing delivery rules and funder requirements, we have still been able to deliver our mission. Supporting 775 young people through our innovative programmes and providing accreditation in journalism, photography or creative industries to 75. We also end the year in a positive financial position, and with suitable reserves.

I want to highlight the work of our (relatively) recently appointed Chief Executive, who had her first day just as lockdown was announced in March 2020. It is not an easy task to take on the leadership of a new organisation, particularly at a time when a whole new way of working and delivery has to implemented within a matter of weeks. Ali has steered the organisation with care, humour, empathy and professionalism and we thank her for that. The results of her and her team are outlined throughout this report.

As a Board, we took the decision to delay our new strategy year until the full effective of the pandemic was understood. But we also wanted to use this extra time to ‘get the house in order’ as we look to the future. Therefore, during the year and following an extensive skills audit and recruitment process, we onboarded nine new trustees. This is the most diverse board Headliners has ever had, made up of people from across the UK, from a range of backgrounds and experiences - now we need to embed this approach across all of our organisation and programmes. The board also includes a number of former members of Headliners (UK) and we have plans for even greater involvement of young people in our decision making processes.

Our new Trustees have been a welcome addition to the discussions on our new strategy and have got ‘stuck in’ as we review our approaches to governance to ensure we are fit for the long term. We have also identified new digital opportunities to further our reach, taking forward our learnings from our COVID response.

Finally, it is only right that I thank our funders and partners for their support over the past year. You have all shown us flexibility as we have needed to adapt and, in many cases, made more funds available to support our COVID-19 response and the well-being our staff team and our beneficiaries. Thank you for your support.

Jon Hudson

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Jon Hudson 2021
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We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Headliners (UK) Trustees’ Report

The Trustees are pleased to present their report together with the audited financial statements for Headliners (UK) for the year ended 31 March 2021.

Legal and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and Accounting and Reporting by Charities: Statement of Recommended Practice 2005.

Structure, Governance and Management

Headliners (UK) is a company limited by guarantee, not having a share capital, and is governed by a Board of Trustees, the members of which are the directors of the Company. The charity’s governing document is its Articles of Association. Trustees are externally recruited and selected then appointed by ordinary resolution for an initial three-year term, which can be extended.

It is the policy of the charity that there is representation of young people and former Headliners (UK) members on the Board of Trustees. Young people are involved across all sections of the organisation including the annual planning cycle and developing strategy.

The charity’s ethos is encouraging the participation of young people. Young people are involved in the recruitment of key charity positions and key decision making in the charity including our strategy.

The day-to-day operation of the charity is now managed by the Chief Executive, who reports to the Board of Trustees and who is supported by a small senior management team. The senior management team meets at monthly intervals and the Board meets five times per year. The charity was supported by 81 hours of volunteering hours by Trustees in 2020 to contribute to the governance of the charity.

Financial management of the organisation lies with the Chief Executive and an outsourced Head of Finance. Budgets are prepared annually and presented to the Board of Trustees for formal adoption in March of each year. Management accounts are presented every two months to the Finance Committee and reported on to the Board of Trustees meetings. The Finance Committee, chaired currently by the Chair, regularly reviews the financial position, the level of reserves and policy and fundraising progress. It also reviews the risk register and going concern to advise and report to the Board of trustees.

It is the policy of Headliners (UK) that all Trustees, team members and volunteers are subjected to a Disclosure and Barring Service (DBS) check and Access NI check for Northern Ireland at appointment and at three-year intervals thereafter.

Responsibilities of Board of Trustees

The Board of Trustees is responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the Board of Trustees to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Board of Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the Board of Trustees are required to:

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

The Board of Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with company law, as the company’s directors, the Trustees certify that:

Our Board of Trustees

Members of the Board of Trustees, who are also Trustees under charity law, who served during the year and up to the date of this report shown on page 2. Profiles of the Board of Trustees can be viewed here.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2021 was 13. Members of the Board of Trustees have no beneficial interest in the charity.

New Trustees are elected by the Board of Trustees having regard for the knowledge, skills and experience Headliners (UK) require. The appointment of Trustees ins undertaken through an open recruitment process and based on the skills matrix for the Board and selected candidates are interviewed for suitability. Once appointed, Trustees complete an induction process, which includes orientation with the operational and financial reporting processes, meeting senior management and staff and introduction with the charity’s team and young people (members).

We empower young people to have a voice.

Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

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Charitable Objectives and Activities

The mission of Headliners (UK) is:

To inspire children and young people to investigate and challenge the world around them, enhance their personal development and promote their right to be heard as equals.

Our Vision

A world where young people believe in themselves, are powerful and able to make changes for themselves and for others

Our Beliefs

Operating Principles:

We always:

The objectives of the charity are:

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit. The charity’s strategy was due to run from 2018-2021 but due to the impact of the Covid-19 pandemic, the Trustees agreed to extend the current strategy period to 31[st] March 2022. The Trustees, staff team and young people are currently developing the new strategy to respond to the issues and impact presented by the post-Covid world.

Putting our current strategy into action, Headliners (UK) has four main areas of activity:

Our priorities for the current 2018-22 Strategy are:

Review of 2020/2021 Charitable Activities

COVID Pandemic

Like many charities across the country, Headliners (UK) has faced significant challenges that the Covid-19 pandemic presented for the charity, our team, our partners, funders and importantly the young people we seek to support.

In April 2020, the charity said farewell to our long serving Director and a new Chief Executive joined the charity - right in the middle of a national lockdown due to the pandemic. The staff team adapted very well and very promptly to online Google Meets / Microsoft Teams meetings and establishing online delivery for young people. Through proactive discussions with our funders, the funded projects found innovative ways to reach young people and provide much needed support during the three national lockdowns.

North East

Tynesiders:

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Photography from the Digital Transitions project

"Headliners has brought a routine and structure back into my life and a support system that I can trust. For the first time in what feels like forever I’m not only setting goals but achieving them too. My course leader, David has been amazing and even throughout a pandemic has offered me unrelenting support. Our sessions have always been fun and relaxed, yet covering really important subjects like debt management, writing a cv and looking for a work placement." Young Person – Digital Transitions 2021

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We empower young people to have a voice.

Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

National Citizen Service:

Northern Ireland

Our Together we Can, Together We Will

London

#Unfiltered

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Lives Matter, the COVID pandemic lockdowns and youth mental health. An example of the young people’s stories can be found here: https://www.headliners.org/mental-health-and-coping

#Young Reporters

Keeping It Wild

UK Wide

Co-Ray

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Achievements and Performance

Headliners (UK) Impact:

The impact of the projects delivered during 2020/21 shows that involvement in Headliners (UK) programmes significantly improves individual outcomes for young people:

Financial Review

During the year Headliners (UK) made a net surplus of £25,203 (2020 net profit £74,563) resulting in total funds carried forward of £223,686 (2020 total funds carried forward £198,483). Principal sources of funding were from the contract delivery on the National Citizen Service Trust (NCST), the National Lottery Community Fund Northern Ireland, Mayor of London’s Young Londoners Fund, some COVID related funding

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

and charitable trusts and foundations and all expenditure for the year is directly related to fulfilling the aims and objectives of the funder’s requirements.

The longevity of the COVID-19 pandemic has presented challenging times to the charity and the charitable sector in terms of supporting vulnerable young people and sustaining our funding and fundraising. The charity will focus on maximising the resources the charity has to develop our sources of contract income, fundraised income and to ensure efficiency of delivery across our charitable activities.

Reserves Policy

The Trustees have determined that a target reserves level of £60,000 is both realistic and appropriate. This represents 18 months of core costs not supported by guaranteed income streams which is felt to provide sufficient protection for the organisation. However, the Board has committed to reviewing this target in the next financial year. The charity has built up the reserves over the past year and exceeded the target through reducing long term financial commitments with the exception of the loan.

Management of Risk

The Trustees have a risk management strategy which comprises:

This work has identified that financial sustainability is the key focus for the charity and building up of the unrestricted reserves for the charity. Attention is also focussed on non-financial risks arising from safeguarding and child protection.

Data security including cyber security is an increasing focus and the charity has reviewed and developed a new Data Protection Policy and procedures to comply with the General Data Protection Regulation (GDPR) and the charity secured Cyber Essentials accreditation in September 2020.

A key element in the management of financial risk is the reserves policy and the retention of sufficient working capital. Over the past two years we have significantly reduced overhead costs and liabilities by minimising the length of leases on premises and equipment. An income generation strategy, including a digital giving plan, is in place to broaden the fundraising base.

Safeguarding and child protection policies and procedures are reviewed at least annually by the Senior Management Team and reported to Trustees when new legislation or guidance is issued. External child protection training is compulsory for all staff and there is an internal on-going training and skills sharing child protection plan.

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We empower young people to have a voice.

Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Thank you to our Funders

Without the vital funding and support provided to Headliners (UK) we could not support the many vulnerable children and young people we reach. We are indebted to these funders and we wanted to say a very big thank you to:

England-wide funders

Northern Ireland (Belfast & Derry)

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

TJ - A Tynesiders’ project participant

Plans for the Future

Headliners (UK) is entering an exciting phase of development with the Board and the staff team coming together throughout 2021 to develop the next strategic plan for 2022-2025. It represents a unique opportunity to take stock of where the charity sits in the youth landscape and listen to young people’s thoughts on what they need for the future. Our strategy is shaped around three strategic pillar of Youth Voices, Youth Opportunities and Reaching Out with strategic goals and objectives under each theme. Headliners (UK) is looking forward to consulting with young people, our partners and funders before finalising our 2022-2025 Strategy, service delivery plan and budget. The summary of our draft strategi goals are shown below:

Youth Voices

#Headliners Voices

Goal: To enable young people to have an inclusive platform to amplify their voice and be listened to.

#Headliners Govern and Invest

Goal: To be the best we can be through effective governance, leadership and youth engagement to empower youth voices.

Youth Opportunities

#Headliners Futures

Goal: To create opportunities for young people to enhance their future life chances and grow in confidence

#Headliners Choices

Goal: To support young people to make positive choices and access inclusive opportunities

#Headliners Partnerships

Goal: To develop our partnership and alliances to amplify youth voices and create youth opportunities

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Reaching Out

#Headliners Reaching Out

Goal: To strengthen young people’s voices by empowering them to positively challenge the world around them

#Headliners Giving

Goal: To create sustainable resources and income for the charity to achieve our vision and mission.

Small Company Provisions

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102 effective 1 January 2015) - Charities SORP (FRS 102 effective 1 January 2015) and the Companies Act 2006

Approved by the Board of Trustees on 30th November 2021 and signed on its behalf by

Jon Hudson – Chair

David Baines – Deputy Chair

We empower young people to have a voice.

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

Date: 01/12/2021

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Headliners (UK). CAN Mezzanine, 49-51 East Road, London N1 6AH. Tel: 020 7749 9360. Charity Number: 1043300. Company Number: 2976335 Web: http://www.headliners.org Email: Enquiries@headliners.org

Headliners (U.K.) Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2021

Note
Income from:
Charitable activities:
3
England and wide operations
NI (Belfast & Derry Bureaux)
Total income
Expenditure on:
4
Charitable activities:
England and wide operations
NI (Belfast & Derry Bureaux)
Total expenditure
Net income/ (expenditure) for the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
132,534
-
132,534
128,362
(1,253)
127,109
5,425
(7,175)
(1,750)
74,383
72,633		 Restricted
funds
£
184,893
182,389
367,282
180,836
166,668
347,504
19,778
7,175
26,953
124,100
151,053		 2021
Total
funds
£
317,427
182,389
499,816
309,198
165,415
474,613
25,203
-
25,203
198,483
223,686		 2020
Total
funds
£
441,412
172,095
613,507
400,450
138,494
538,944
74,563
-
74,563
123,920
198,483

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

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Headliners (U.K.) Balance sheet As at 31 March 2021

Note
Fixed assets:
8
Current assets:
9
Liabilities:
10
13
Total unrestricted funds
Restricted funds
Tangible assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total net assets
Debtors
Funds
General funds
Total funds
Unrestricted funds:
Designated funds		 2021
£
60,577
169,021		 2021
£
10,028
213,658		 2020
£
72,762
131,953		 2020
£
12,003
186,480
229,598
(15,940)		 204,715
(18,235)
10,028
62,605		 12,003
62,380
223,686 198,483
151,053
72,633		 124,100
74,383
223,686 198,483

The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provision of section 477 of the Companies Act 2006("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the act. The Trustee acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the trustees on 30th November 2021.

and signed on their behalf by:

Jon Hudson Chairman

Company registration no. 2976335

The attached notes form part of the financial statements.

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Headliners (U.K.)

Statement of cash flows

For the year ended 31 March 2021

Headliners (U.K.)
For theyear ended 31 March 2021
Statement of cash flows
Note
Cash flows from operating activities:
a
Cash flows from investing activities:
Payments to acquire fixed assets
(2,381)
Cash provided by / (used in) investing activities
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the
year
b
a)
Net income / (expenditure) for the reporting
period(as per the statement of financial activities)
Depreciation
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating
activities
b) Analysis of cash and cash equivalents
£
Cash at bank and in hand
131,953
Total cash and cash equivalents
131,953
Net cash provided by / (used in) operating
activities
Reconciliation of net income / (expenditure) to
net cash flow from operating activities
At
31 March
2020		 2021
£
39,449
(2,381)
37,068
131,953
169,021
2021
£
25,203
4,356
12,185
(2,295)
39,449
Cash flows
£
37,068
37,068		 (3,521)
£
-
-
Other
changes		 2020
£
9,130
(3,521)
5,609
126,344
131,953
2020
£
74,562
3,751
(63,926)
(5,258)
9,130
£
169,021
At
31 March
2021
169,021

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Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared 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 (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether grants or 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. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

c) Interest receivable

d) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used

e) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

f) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between cost of generating funds and expenditure on charitable activities.

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Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies (continued)

g) Operating leases

Rental payables under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the Statement of Financial Activities on a straight line basis over the lease

h) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

˜

4 years

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Pensions

The charitable company contributes into the pension of its employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension costs charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

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Headliners (U.K.)

Notes to the financial statements For the year ended 31 March 2021

2
Detailed comparatives for the statement of financial activities
Income from:
Charitable activities:
England-Wide Operations
NI (Belfast & Derry Bureaux)
Total income
Expenditure on:
Charitable activities:
England-Wide Operations
NI (Belfast & Derry Bureaux)
Total expenditure
Net income/ (expenditure) for the year
Net movement in funds
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 2020
£
264,595
-
264,595
277,623
(1,459)
276,164
(11,569)
(11,569)
15,202
3,633
70,750
74,383
Unrestricted
funds		 2020
£
176,817
172,095
348,912
122,827
139,953
262,780
86,132
86,132
(15,202)
70,930
53,170
124,100
Restricted
funds		 2020
Total
funds
£
441,412
172,095
613,507
400,450
138,494
538,944
74,563
74,563
-
74,563
123,920
198,483

22

Headliners (U.K.)

Notes to the financial statements For the year ended 31 March 2021

3 Income from charitable activities

National Lottery Community Fund Empowering YP
Education Authority for Northern Ireland
EANI Youth Restart Project
Heritage Lottery
Jack Petchey
London Borough Of Tower Hamlets
Vanguard
Co-Ray Project
Lloyds TSB Engage
Lloyds Covid-19 Funding
London Wildlife Fund
Heritage Lottery Accelerator Fund
Young Londoners
ESF Equip Community Leaders
Newcastle City Council Covid-19 Grant
London Borough of Hackney Covid-19 Grant
Other
Total
NCS Trust
Other income
Fundraising income
Total
Total income from charitable activities
Grant income
Other income		 £
-
-
-
-
-
-
-
-
-
8,211
-
-
-
-
11,973
5,000
1,500
26,684
Unrestricted
funds
£
104,305
250
1,295
105,850
132,534
Unrestricted
funds		 £
158,896
13,575
9,917
39,680
1,500
-
-
15,000
45,987
-
31,804
3,912
45,014
1,997
-
-
-
367,282
£
-
-
-
-
367,282
Restricted
funds
Restricted
funds		 2021
Total
funds
£
158,896
13,575
9,917
39,680
1,500
-
-
15,000
45,987
8,211
31,804
3,912
45,014
1,997
11,973
5,000
1,500
393,966
2021
Total
funds
£
104,305
250
1,295
105,850
499,816		 2020
Total
funds
£
159,748
12,347
-
49,600
1,500
7,342
15,000
-
28,635
-
29,726
-
45,014
-
-
-
-
348,912
2020
Total
funds
£
264,410
-
185
264,595
613,507

23

Headliners (U.K.)

Notes to the financial statements For the year ended 31 March 2021

4 Analysis of expenditure

Analysis of expenditure
Staff costs
Other staff costs
Direct costs
Bureau direct costs
Other operating costs
Support costs
Premises costs
Office costs
Office equipment costs
Depreciation
Legal and professional fees
Relocation costs
Bank charges
Audit fees
Trustees expenses
Support costs
Total expenditure 2021
Total expenditure 2020		 Charitable NI (Belfast &
Derry Bureaux)
£
125,963
4,200
7,304
3,662
14,081
1,273
6,612
-
-
-
166
-
-
163,261
2,156
165,417
138,494
activities		 2021
£
344,270
33,462
17,124
13,963
29,838
2,761
24,354
4,356
35
669
798
2,880
104
474,613
-
474,613
538,944		 2020
£
255,364
37,363
3,842
178,277
30,772
3,417
21,584
3,751
48
-
134
3,640
752
England & Wide
Operations
£
218,307
29,262
9,820
10,300
15,758
1,488
17,742
4,356
35
669
632
2,880
104
311,352
(2,156)		 538,944
309,196
400,450

Of the total expenditure, £127,109 was unrestricted (2020: £276,164) and £347,504 was restricted (2020: £262,780).

Staff costs
Other staff costs
Direct costs
Bureau direct costs
Other operating costs
Support costs
Premises costs
Office costs
Office equipment costs
Gift in Kind
Depreciation
Legal and professional fees
Bank charges
Audit fees
Trustees expenses
Support costs
Total expenditure 2020
Total expenditure 2019		 Charitable NI (Belfast &
Derry Bureaux)
£
105,292
6,532
663
2,882
13,806
1,249
6,575
-
-
77
-
-
137,076
1,418
138,494
136,089
activities		 2020
£
255,364
37,363
3,842
178,277
30,772
3,417
21,584
-
3,751
48
134
3,640
752
538,944
-
538,944
506,024		 2019
£
215,225
35,383
59,489
128,815
31,157
3,923
22,526
-
2,052
48
3,689
3,350
367
England & Wide
Operations
£
150,072
30,831
3,179
175,395
16,966
2,168
15,009
3,751
48
57
3,640
752
401,868
(1,418)		 506,024
400,450
369,935

24

Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

This is stated after charging / (crediting):
Depreciation
Auditor's remuneration:
Trustees' expenses		 2021
£
4,356
2,600
104		 2020
£
3,751
3,640
752
Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel
Staff costs were as follows:
Salaries and wages
Social security costs		 2021
£
315,285
23,404
5,581		 2021
£
233,792
17,059
4,512
344,270 255,364

No employee earned over £60,000 during the year (2020: Nil)

The total employee benefits including pension contributions of the key management personnel were £84,777 (2020: £63,254)

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). In 2020, DBS costs for trustees amounted to £104 (2020: trustees were reimbursed £752 for expenses). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Administrative staff
Direct charitable work		 2021
No.
1
13		 2020
No.
1
9
14 10

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes

8
Tangible fixed assets
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 £
20,135
2,381
Plant &
Equipment		 Total
£
20,135
2,381
22,516 22,516
8,132
4,356		 8,132
4,356
12,488 12,488
10,028 10,028
12,003 12,003

All of the above assets are used for charitable purposes.

25

Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

9 Debtors

Debtors
Trade debtors
Other debtors
Prepayments
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Pension Liability
Other creditors
Accruals		 2021
£
50,846
2,230
7,501		 2020
£
63,241
2,178
7,343
60,577 72,762
2021
£
4,731
6,095
857
-
4,257		 2020
£
7,410
4,584
1,111
330
4,800
15,940 18,235

10 Creditors: amounts falling due within one year

11 Pension scheme

The charity operates defined contribution pension schemes.

12 Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds-prior year
Tangible fixed assets
Net current assets
Net assets at the end of the year		 General
unrestricted
funds
£
-
62,605
62,605
General
Unrestricted
Funds
£
-
62,380
62,380		 Designated
funds
£
10,028
-		 Restricted
funds
£
-
151,053		 Total
funds
£
10,028
213,658
10,028 151,053 223,686
Designated
Funds
£
12,003
-		 Restricted
Funds
£
-
124,100		 Total
funds
£
12,003
186,480
12,003 124,100 198,483

26

Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

13 Movements in funds
£
Restricted funds:
England-wide Operations
Heritage Lottery
32,318
Jack Petchey
996
Vanguard
10,941
Co-Ray Project
-
Lloyds TSB Engage
14,741
London Wildlife Fund
(5,389)
Heritage Lottery Accelerator Fund
-
Young Londoners
9,983
ESF Equip Community Leaders
-
Co-op
-
NI (Belfast & Derry Bureaux)
National Lottery Community Fund Empowering YP
60,939
Education authority for Northern Ireland
(429)
EANI Youth Restart project
-
Total restricted funds
124,100
Unrestricted funds:
Total designated funds
12,003
General funds
England Operations
67,614
Northern Ireland Operations
(5,234)
Total unrestricted funds
62,380
Total funds
198,483
Movements in funds-prior year
£
Restricted funds:
England-wide Operations
Heritage Lottery
-
Jack Petchey
1,023
London Borough of Tower Hamlets
2,840
Vanguard
-
Lloyds Bank Engage
-
London Wildlife Fund
(4,594)
Young Londoners
12,737
NI (Belfast & Derry Bureaux)
National Lottery Community Fund Empowering YP
41,164
NI Education Authority
-
Total restricted funds
53,170
Unrestricted funds:
Total designated funds
12,233
General funds
England Operations
65,210
Northern Ireland Operations
(6,693)
Total unrestricted funds
58,517
Total funds
123,920
At the start
of the year
At the start
of the year		 39,680
1,500
-
15,000
45,987
31,804
3,912
45,014
1,997
-
158,896
13,575
9,917
367,282
2,381
130,153
-
130,153
499,816
49,600
1,500
7,342
15,000
28,635
29,726
45,014
159,748
12,347
348,912
3,521
261,074
-
261,074
613,507
Incoming
resources
& gains
Incoming
resources
& gains		 (43,445)
(1,188)
(10,941)
(844)
(38,461)
(31,796)
(3,912)
(46,249)
-
(4,000)
(143,605)
(13,146)
(9,917)
Outgoing
resources &
losses		 Transfers
-
-
-
-
(2,206)
5,381
-
-
-
4,000
-
-
-		 £
28,553
1,308
-
14,156
20,061
-
-
8,748
1,997
-
76,230
-
-
At the
end of the
year
(347,504) 7,175 151,053
(4,356) - 10,028
(124,006)
1,253		 (7,175)
-		 66,586
(3,981)
(122,753) (7,175) 62,605
(474,613) - 223,686
(17,282)
(1,029)
(10,182)
(4,059)
(13,894)
(29,542)
(46,839)
(127,177)
(12,776)
Outgoing
resources &
losses		 Transfers
-
(498)
-
-
-
(979)
(929)
(12,796)
-		 £
32,318
996
-
10,941
14,741
(5,389)
9,983
60,939
(429)
At the end
of the year
(262,780) (15,202) 124,100
(3,751) - 12,003
(273,872)
1,459		 15,202
-		 67,614
(5,234)
(272,413) 15,202 62,380
(538,944) - 198,483

27

Headliners (U.K.) Notes to the financial statements For the year ended 31 March 2021

Purposes of designated funds:

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for UK overhead.

Purposes of restricted funds:

England-wide Operations

NI (Belfast & Derry Bureaux)

14 Financial Commitments - operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

Expiry date within:
Less than one year		 2021
Premises
-
-		 2020
-		 2021
Others
246		 2020
246
- 246 246

15 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

16 Related party transactions

Other than what has been disclosed in note 6, there are no related party transactions to disclose for 2021 (2020: none).

28