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





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## 

|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||||||





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





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|||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|





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





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





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|||||||||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|





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|7<br>Expenditu|re<br>on ch|aritable<br>acti|vities||||
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||||Total|Total|
|||Note|General|Restricted|2020f|2019<br>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<br>training|||and expenses||809||809|911|
|Monitoring<br>and||evaluation||costs||9,751|9,751|14,794|
||||||128,117|38,654|166,771|207,098|





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|Charitable|ac|tttqties - analysis ofa|llocated support cos<br>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<br>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<br>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|





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||||||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<br>Grant-making|||||||
|Analysis ofgrants|||||||
||||||Grants to|institutions|
||||||2020|2019|
|Analysis|||||||
|BBOShropshire|||||449,594|670,265|
|BBOHerefordshire|||||368,364|539,991|
|Construction<br>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<br>resources||for|the year include:||||
||||||2020|2019|
|||||||f|
|Operating<br>leases|- plant|and|machinery||11,340|12,352|
|Audit fees|||||3,300|3,300|
|Depreciation offixed assets|||||4,721|4,406|



## 



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|The aggregate<br>payroll costs|were as follows:||||
|---|---|---|---|---|
||||2020f|2019<br>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<br>av<br>the year was as|erage<br>number ofpersons<br>(including<br>se<br> follows;|nior management<br>team) employed|by<br>the|charity<br>du|ring|
|---|---|---|---|---|---|
|||2020||2019||
|||No||No||
|Direct charitable|work staff||54||31|
|Achuinistrative|staff||27||21|
||||81||52|



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





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|15 Tangible fixed assets||||
|---|---|---|---|
||Land and|Furniture<br>and||
||buildings|equipment|Totalf|
|Cost||||
|At<br>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<br>f|2019f|
|Cash on hand||768|1,229|
|Cash at bank||718,527|520,244|
|||719,295|521,473|





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|18 Credit|ors: amounts<br>falling due ivlthin one year|||
|---|---|---|---|
|||2020f|2019<br>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 <br>Amounts|deferred in the period<br>released from previous periods|247,208<br>43334.552|323,908<br> ~263,456|
|Deferred|income at year end|271,094|338,438|



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|20 Fands||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at I||||31|
||||January|Incoming|Resources||December|
||||2020f|resources<br>f|expended<br>f|Transfer&<br>f|2020|
|Unrestricted<br>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<br>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|





## 

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|20 Funds (con|ti|nued)||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance atI||||31|
||||January|Incomlug|Resources||December|
||||2019|resources<br>f|expended<br>f|Transfers|2019<br>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<br>Royal British||Legion||25,000<br>27,766|(25,000)<br>~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|





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||||Unrestricted||Total funds at|
|---|---|---|---|---|---|
||||funds|Restricted|31December|
||||General<br>f|funds|2020f|
|Tangible||fixed assets|365,793||365,793|
|Current <br>Current|assets<br>liabilities||523,440<br>~185,31D|601,784<br> ~210.476|1,125,224<br>~(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<br>Current|assets<br>liabilities||287,818<br>~25.857|590,178<br> ~338,438|877,996<br>~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<br>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|