2020-12-31-accounts

Reference and Administrative Details
Chairperson's Statement
Chief Executive Officer"s Sununary
Trustees' Report	4to 6
Statement ofTrustees' Responsibilities
Independent Auditors' Report	8 to 10
Statement ofFinancial Activities	11to 12
Balance Sheet	13
Statement ofCash Flows	14
Notes to the Financial Statements	15to29

Trustees			MLKite,	Chairperson	Chairperson	Chairperson
			RD Langford
			HEOliver
			MIShields
Chief Executive Oificer			SRoberts
Prlnelpal	Office		5 Laudau Court
			Tan Bank
			Wellington
			Telford
			TF1 1HE
			The charity		is incorporated			in England st Wales.
Company	Registration	Number	03084746
Charity Registration		Number	1048645
Auditor			CBSLAccountants			Limited
			Chartered	Accountants			and	Statutory Auditors
			Rowan House North
			1 The Professional			Quarter
			Shrewsbury		Business		Park
			Shrewsbury
			Shropshire
			SY2 6LG

			and Lo	sses)
				Unrestricted	Restricted	Total
			Note	funds f	fundsf	2020 f
Income and Endowments		from:
Donations, legacies	aud grants			15,993	2,570,058	2,586,051
Charitable activities				1,346,156		1,346,156
Investment iucome				2,920		2,920
Other income				9,632		9,632
Total income				1,374,701	2,570,058	3,944,759
Expenditure on: Charitable activities			7	~1.13tl48tl	~2,553,26'I	~3733743
Total expenditure				~1.130480	~2,553,263	~733 743
Net income Transfers between	funds			194,221 ~123.043	16,795 123,043	211,016
Net movement in funds				71,178	139,838	211,016
Reconciliation offunds
Total funds brought	forward			632,745	251,470	884,215
Total funds carried	forward		20	703,923	391,308	1,095,231
				Unrestricted	Restricted	Total
			Note	funds f	fundsf	2019 f
Income and Endowments		from:
Dona tious, legacies	and gmnts			10	2,803,554	2,803,564
Charitable activities				616,660		616,660
Invesnuent income				2,994		2,994
Other income				8,100		8,100
Total income				627,764	2,803 554	3,431,318
Expenditure on: Charitable activities			7	~564,574	~2,661,920	3,226,494
Total expenditure				~564.574	~2,663,920	3,226,494
Net incotne Transfers between	funds			63,190 r 2.278	141,634 ~ll02, 278	204,824
Net movement in funds				165,468	39,356	204,824
Reconciliation offunds
Total funds brought	fonvard			467,277	212,114	679,391
Total fuuds carried	forward		20	632,745	251,470	884,215

		Balance Sheet as at 3	1December 20	20
				2020	2019
			Note	8
Fixed assets
Tangible assets			15	365,793	370,514
Current assets
Debtors			16	405,929	356,523
Cash at bank	and in hand		17	719,295	521,473
				1,125,224	877,996
Creditors: Amounts		falling due ivithin one year	18	(393,786)	~364,393)
Net current	assets			729,438	513,701
Net assets				1,095,231	884,215
Funds ofthe	charity:
Restricted income funds
Restricted funds			20	391,308	251,470
Uarestricted	income	funds
Unrestricted	funds			703,923	632,745
Total funds			20	1,095,231	884,215

Statement ofCash Plows for the Y	ear Ended 3	1December 202	0
		2020	2019
	Note	f	f
Cash floivs from operating activities
Net cash income		211,016	204,824
Adjustments to cash flows from non-cash items Depreciation hivestment income	5	4,721 ~2,929	4,406 ~2,994
		212,817	206,236
Working capital adjustments
Increase in debtors	16	(49,406)	(211,169)
Increase/(decrease) in creditors (Decrease)/increase in deferred income	18	98,835 ~67.-'l44	(1,315) 62,452
Net cash flows from operating activities		194,902	56,204
Cash flows from investing activities Interest receivable and similar income Purchase oftangible fixed assets	5 15	2,920	2,994 ~5.343
Net cash flows from investiug activities		2,920	(2,349
Net increase in cosh and cash equivalents		197,822	53,855
Cash and cash equivalents at I January		521,473	467,618
Cash and cash equivalents at 31December		719,295	521,473

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2020	2019
				f			f
Donations	and legacies;
Donations		&om	individuals				10
Grants, including			capital grants;
Government		grants		15,593		15,593
Grants	&om other charities			400	2,570,058	2,570,458	2,803,554
				15,993	2,570,058	2,586,051	2,803,564

Grauts received from othe	r charities ar	e analysed as follows:
			2020	2019
BBOShropshire			1,055,705	1,296,966
BBOHerefordshire			724,030	888,536
ESFConunuuity Grants			277,294
Construction Skills Fund	(CSF)		224,201	443,924
Individual Placement and	Support IIPS)		135,090	79,752
BBOEvolve			75,347	41,610
COVID-19 Emergency Fund			41,066
Royal British Legion			19,412	27,766
Staffordshire Expanding	Opportunities	Project	13,913	25,000
The Screwfix Foundation			4,000
Other grants - unrestricted			400
			2,570,458	2,803,554

								Unrestricted	Unrestricted
									funds	Total	Total
								General		2020	2019
									f
	Supported		eniployment			services			1,346,156	1,346,156	616660
Supported		employment				services income is analysed		as follows:
										2020	2019
									Note		K
Supported		employment				services provided				1,339,166	605,331
Sale ofgoods			I	services		made orprovided	by the beneficiaries		of
the charity										6,990	11,329
										1,346,156	616,660
5	Investment			incorae
								Unrestricted
									fuads	Total	Total
								General		2020	2019
											f.
Interest receivable					and siunlar income;
	Interest	receivable on				bank deposits			2,920	2,920	2,994
6	Other	lncoine
								Unrestricted
									funds	Total	Total
								General		2020	2019
									f.
Rental income									8,097	8,097	6,853
Other income									1,535	1,535	1,247
									9,632	9,632	8,100

7 Expenditu	re on ch	aritable acti	vities
			Unrestricted
					Total	Total
		Note	General	Restricted	2020f	2019 f
Supported
employment	services		128,117	38,654	166,771	207,098
Depreciation,
amortisation	aud
other similar	costs		4,721		4,721	4,406
Grant funding	of
activities			311,745	1,192,865	1,504,610	1,478,955
Staffcosts			474,125	1,174,759	1,648,884	1,233,370
Allocated support
costs			169,644	138,780	308,424	223,631
Governance	costs		92,128	8,205	100,333	79,034
			1,180,480	2,553,263	3,733,743	3,226,494

					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2020	2019
							f	8
Delivery costs					8,778	1,110	9,888	11,545
Partner delivery		costs						54,605
Subcontractor	costs				76,523	7,969	84,492	51,074
Beneficiary costs					17,720	8,448	26,168	23,577
Cafe purchases					5,440		5,440	6,584
Staff training					3,162	462	3,624	6,194
StaB'travel expenses					15,685	10,914	26,599	37,814
Volunteer training			and expenses		809		809	911
Monitoring and		evaluation		costs		9,751	9,751	14,794
					128,117	38,654	166,771	207,098

Charitable	ac	tttqties - analysis ofa	llocated support cos Unrestricted	ts
					Total	Total
			General	Restricted	2020	2019
			f
Rent, rates	and	water	18,318	34,141	52,459	30,598
Insurance			3,631		3,631	5,175
Telephone	and	internet	12,835	8,223	21,058	19,379
Other premises		expenses	61,359	6,348	67,707	34,283
Equipment	hire		6,728	4,613	11,341	12,352
Other oAice costs			20,404	4,894	25,298	26,975
Computer costs			10,730	60,735	71,465	48,782
Subscriptions		and memberships	7,770	16,503	24,273	20,527
Marketing	costs		13,270	3,131	16,401	10,005
Professional	fees		3,296	192	3,488	14,802
Donations			150		150
Bank charges			953		953	685
Bad debt write		oif	10,200		10,200	68
			169,644	138,780	308,424	223,631

		Unrestricted
		funds	Restricted	Total	Total
		General	funds	2020f	2019 f
Staff costs
Wages and salaries		76,027		76,027	58,041
Social security costs		6,266		6,266	4,854
Pension costs		1,340		1,340	735
Audit fees
Audit ofthe financial	statements	3,300		3,300	3,300
Allocated support costs		5,195	8,205	13,400	12,104
		92,128	8,205	100,333	79,034

					2020	2019
				Note
Other office costs					13,092	10,571
Legal and professional		fees	and HR costs		308	1,533
					13,400	12,104
9 Grant-making
Analysis ofgrants
					Grants to	institutions
					2020	2019
Analysis
BBOShropshire					449,594	670,265
BBOHerefordshire					368,364	539,991
Construction Skills Fund					135,350	268,699
IN2 Programme					311,745
ESFCommunity	Grants				239,557
					1,504,610	1,478,955
10 Net incoming/outgoing			resources
Net incoming resources		for	the year include:
					2020	2019
						f
Operating leases	- plant	and	machinery		11,340	12,352
Audit fees					3,300	3,300
Depreciation offixed assets					4,721	4,406

The aggregate payroll costs	were as follows:
			2020f	2019 f
Statf costs during the year	were:
Wages and salaries			1,574,996	1,182,959
Social security costs			130,205	98,909
Pension costs			27,316	15,132
			1,732217	1,297,000
			2020	2019
		Note	f	f
Direct staff costs			903,669	660,605
Support staff costs, iucluding	governance		828,848	636,395
			1,7'12,117	1 227,2tltl

The monthly av the year was as	erage number ofpersons (including se follows;	nior management team) employed	by the	charity du	ring
		2020		2019
		No		No
Direct charitable	work staff		54		31
Achuinistrative	staff		27		21
			81		52

The number	ofemplo	yees whose emolmnents fell within	the followutg bands was:
			2020	2019
			No	No
f70,001 - f80,000
13 Auditors'	remuneration
			2020f	2019
Audit ofthe	fiuancial	statements	3,300	3,300

15 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Totalf
Cost
At 1 January 2020	361,317	18,886	380,203
At 31December 2020	361,317	18,886	380,203
Depreciation
At 1 January 2020		9,689	9,689
Charge for the year		4,721	4,721
At 31December 2020		14,410	14,410
Net book value
At 31December 2020	361 317	4,476	365,793
At 31December 2019	361,317	9,197	370,514
16 Debtors
		2020	2019
		f	f
Trade debtors		35,836	34,584
Prepayments		25,089
Accrued income		345,004	320,948
Other debtors			991
		405,929	356,523
17 Cash and cash equivalents
		2020 f	2019f
Cash on hand		768	1,229
Cash at bank		718,527	520,244
		719,295	521,473

18 Credit	ors: amounts falling due ivlthin one year
		2020f	2019 f
Trade creditors		53,926	18,840
Other creditors		2,683	3,718
Accruals		68,083	3,299
Deferred	income	271,094	338,438
		395,786	364,295
		2020	2019
		f	f
Deferred	income at 1 January 2020	338,438	275,986
Resources Amounts	deferred in the period released from previous periods	247,208 43334.552	323,908 ~263,456
Deferred	income at year end	271,094	338,438

20 Fands
							Balance at
			Balance at I				31
			January	Incoming	Resources		December
			2020f	resources f	expended f	Transfer& f	2020
Unrestricted funds
General
General fund			632,745	1,374,701	(1,1.80,480)	(123,043)	703,923
Restricted funds
BBOShropshire			167,723	1,055,705	(986,025)		237,403
BBOHerefordshire			30,242	724,030	(682,583)		71,689
BB0Evolve			27,561	75,347	(70,715)		32,193
Construction	Skills Fund			224,201	(338,425)	114,224
IPS			25,944	135,090	(128,924)		32,110
Staffordshire	Expanding
Opportunities				13,913			13,913
Royal British	Legion			19,412	(21,525)	2,113
ESFCommunity Grauts				277,294	(284,000)	6,706
COVID-19 Emergency		Fund		41,066	(41,066)
The Screwfix	Foundation			4,000			4,000
Total restricted	funds		251.470	2,570,0511	~2,553,263	123,04	'191,308
Total funds			884,215	3.944.759	~I,733,74.		1,095,231

20 Funds (con	ti	nued)
							Balance at
			Balance atI				31
			January	Incomlug	Resources		December
			2019	resources f	expended f	Transfers	2019 f
Unrestricted	funds
General
General fund			467,277	627,764	(564,574)	102,278	632,745
Restricted
BBOShropshire			164,452	1,296,966	(1,222,953)	(70,742)	167,723
BBOHerefordslure			22,877	888,536	(842,403)	(38,768)	30,242
BBOEvolve			24,785	41,610	(38,834)		27,561
Construction		Skills Fund		443,924	(448,492)	4,568
IPS				79,752	(53,808)		25,944
Staffordshire		Expanding
Opportunities Royal British		Legion		25,000 27,766	(25,000) ~30.4'lO	2,664
Total restricted		funds	212114	28113554	~2667,920	~502278	251470
Total funds			679,391	3,431,318	~3,226494		884,215

			Unrestricted		Total funds at
			funds	Restricted	31December
			General f	funds	2020f
Tangible		fixed assets	365,793		365,793
Current Current	assets liabilities		523,440 ~185,31D	601,784 ~210.476	1,125,224 ~(395.786
Total net		assets	703,923	391,308	1,095,231
			Unrestricted		Total funds at
			funds	Restricted	31December
			General	funds	2019
			f		f
Tangible		fixed assets	370,514		370,514
Current Current	assets liabilities		287,818 ~25.857	590,178 ~338,438	877,996 ~364.295
Total net		assets	632,475	251,740	884,215
22 Analysis ofnet funds
					At 31
			At 1January	Flaanclng cash	December
			2020	tiows	2020
					f.
Cash at bank and in hand			521,473	197,822	719,295
Net debt			521,473	197,822	719,295
					At 31
			At 1January	Financing cash	December
			2019	flows	2019
			f
Cash at	bank and in hand		467,618	53,855	521,473
Net debt			467,618	53,855	521,473