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2020-12-31-accounts

Registered company number 03283252 (England and Wales) Registered charity number 1060668

BROADCAST JOURNALISM TRAINING COUNCIL

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

BROADCAST JOURNALISM TRAINING COUNCIL

INDEX

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 13
This page does not form part of the financial statements
Detailed statement of financial activities 14

BROADCAST JOURNALISM TRAINING COUNCIL

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020.

The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

The Broadcast Journalism Training Council (BJTC) is the largest journalism accreditation body in higher education with 56 courses either accredited or in the advisory process. The board was quick to take action in light of the Covid-19 pandemic and introduced new Accreditation Requirements in July which made remote teaching allowable but also ensured courses provided sufficient support for students to learn key skills and take part in practical activities from home. The BJTC continued to adapt and amend its structures in order to ensure its primary role is maintained. A remote visit process was put in place and has been working successfully with 24 accreditation reviews undertaken in 2020. Financially the organisation has proven to be robust with income from industry sponsorship, accreditation reviews and accreditation fees stable.

The BJTC's partnership with industry remains strong with continued, dynamic relationships with the BBC, Sky News, ITV, Channel 4, ITN, Bauer, Global, the NUJ, Reuters and Associated Press.

In January the BJTC launched its first Placement Assistance Scheme (PAS), aimed at tackling some of the challenges students face in funding crucial placements that are recognised as the first step to finding work in journalism. The BJTC joined forces with Google News Initiative, the BBC and ITV News, to offer students on accredited courses, who also met its social diversity criteria, a contribution towards the cost of placements. The first scheme attracted 153 applicants, with 152 successfully awarded grants by a specialist panel of industry and academic representatives. The second-year scheme was launched in December 2020, with 88 successful applicants. A further round of applications was opened in February 2021. Feedback from recipients of the grants have been extremely positive, with some students branding it as “life-changing".

The BJTC Spring Partners Day was cancelled in light of the first national lockdown, but a virtual AGM and Summer Conference gave Council members a chance to catch-up with colleagues and keep up to date with BJTC and industry news during rapidly changing times. The virtual format proved popular with over 80 attendees.

The BJTC board took the decision in March to continue to run its 2020 Student Journalism Awards, committing to work around any Covid-19 restrictions. The entry process was launched in May and entry levels remained consistent with previous years. The ceremony was held virtually, in November, hosted by the BBC at the Mailbox in Birmingham and live streamed from the studios of BBC Midlands, presented by Elizabeth Glinka. For the first time, the Steve Harris Award, which recognises the stand-out entry of the competition, was given to a team entry, rather than that of an individual. BA Journalism students from the University of South Wales impressed the judges with their virtual newsday, a new category this year in response to COVID-19 restrictions. It was possible to link live to the University of South Wales where the students had met to watch the awards ceremony together, within the socially distanced restrictions. Recognising that this event is normally an extremely valuable time for students to network with industry personnel, the BJTC hosted a virtual networking event after the live programme, for all successful finalists.

Every year we award BJTC Skills Certificate to successful graduates from accredited courses. In 2020 we issued around 800 certificates from 24 accredited training bodies.

The free online eBooks, written in partnership with the BJTC, remain a valuable resource to course leaders and students. There are three currently available on the BJTC website. Each is regularly updated and 2020 saw a new edition of Kate Ironside’s Reporting Power – Civic Structures: Why They Matter, How They Work and an update to Tim Crook’s Media Law, Regulation & Ethics: Student Pocket Guide will be available in the early part of 2021.

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BROADCAST JOURNALISM TRAINING COUNCIL

TRUSTEES' REPORT (continued)

The BJTC continues to regularly monitor its role within the restrictions and regulations due to the Covid-19 pandemic. Virtual visits will remain in 2021, and all other functions and events are set to go ahead virtually, until restrictions are lifted, and it is safe to return to in-person events. This will include a Spring Partners Day, where courses can share best practice around the virtual teaching format and see what processes industry has put in place. We are committed to ensure that all our accredited courses and the staff and students on them continue to receive the same robust service, reflecting industry-lead practices within an ever-changing world.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives and aims in the year under review were the monitoring, evaluation and accreditation of educational courses in broadcast and multi-media journalism.

The Broadcast Journalism Training Council (BJTC) exists to set and maintain standards of journalism training in the UK. Skills and knowledge required by these standards are then used to assess journalism training courses around the whole of the UK and if courses meet those standards then they are formally recognised as ''accredited.''

Currently the BJTC accredits 56 courses within 38 institutions in the UK, with more than 4000 students enrolled on them - and the numbers are growing. This process is also growing in importance as the whole news industry meets the challenges set by changing viewing, listening and reading habits as well as the impact of new technology. The BJTC aims to ensure that graduates from these accredited courses are best prepared for careers in this fast-changing industry.

The trustees are aware that they must carry on the charity's activities for the public benefit and they must pay due regard to the guidance on public benefit issued by the Charity Commission. They consider that the charity's aims and activities are for the public benefit as outlined above.

FINANCIAL REVIEW

During the year, the charitable company made a deficit of £5,468 (2019: £47,376), and at the year end held total funds of £163,604 (2019: £169,072).

Officers are appointed by the board as consultants to them, to assist in the administration and day to day running of the charity. The secretary, treasurer and company administrator, interim accreditation team leaders and accreditation director received fees during the year totalling £32,054 (2019: £31,720). None of these officers were trustees of the charity. Fees paid to trustees for services in the year totalled £Nil (2019: £1,720). The payments made were in respect of accreditation services and re-writing and monitoring the guidelines and did not include any remuneration in connection with their duties as trustees. Trustees' duties are provided on a voluntary basis with just travel and subsistence expenses being reimbursed.

Reserves policy

It is the policy of the BJTC to hold in reserves the equivalent of four months general running costs. In addition to this the BJTC can hold unallocated funds for the purposes of supporting, promoting and enhancing accreditation services and to further the objectives of the BJTC.

But it is noted that circumstances may change with time and trustees will review the policy at least annually as part of its planning processes. The amount held in reserves will also be monitored during the course of the year as part of a charity’s budgetary processes.

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BROADCAST JOURNALISM TRAINING COUNCIL

TRUSTEES' REPORT (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In June 2012, the charity adopted new Articles of Association to reflect the introduction of the Charities Act 2011 and the Companies Act 2006 and on 7 July 2020, they were updated to allow for virtual general meetings.

Recruitment and appointment of new trustees

The methods for appointing Board members are set out in our Articles of Association adopted at our AGM in 2012. Under these Articles, major industry sponsors each appoint senior managers to the Board. Representatives of the 38 colleges with accredited courses elect 6 course leaders from their number, to represent them on the Board. Each elected college representative serves for 3 years.

Induction and training of new trustees

Prior to appointment, potential Board members are informed of their liabilities and responsibilities as both Board members and Trustees. The Company Secretary takes responsibility to ensure that new Board members have access to all relevant documents and to bring them up to date on the current priorities of the BJTC.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable insurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03283252 (England and Wales)

Registered Charity number

1060668

Registered office

2 – 4 Packhorse Road Gerrards Cross Buckinghamshire SL9 7QE

Trustees

R M Bernard Ms D Kemp C Howard - appointed 19 January 2021 Mrs C H R M Smith Mrs T Kaur-Thanki Ms S A Lewis Ms C L Bamfield C G Wheal J R Barsby R P Elias J R Porter P T Parker A R Bailey Ms G E Slack Ms K Blair Mrs R C Ammonds Mrs L Dixon Ms D M Ridley - appointed 7 July 2020 Miss L Herbison - appointed 1 January 2020

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BROADCAST JOURNALISM TRAINING COUNCIL

TRUSTEES' REPORT (continued)

REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)

Company Secretary

Miss H L Hurd

Independent examiner

Nunn Hayward LLP Chartered Accountants 2-4 Packhorse Road Gerrards Cross Buckinghamshire SL9 7QE

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Broadcast Journalism Training Council for the purposes of company law) are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on 7 July 2021 and signed on its behalf by:

R M Bernard Trustee

4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROADCAST JOURNALISM TRAINING COUNCIL

I report to the trustees on my examination of the accounts of the Broadcast Journalism Training Council for the year ended 31 December 2020 as set out on pages 6 to 13.

Responsibilities and basis of report

As the charity 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 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 company’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 which gives me cause to believe that in any material respect:

I have no concerns and have come across no 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.

Tom Lacey FCCA Nunn Hayward LLP Chartered Accountants 2-4 Packhorse Road Gerrards Cross Buckinghamshire SL9 7QE

16 July 2021

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BROADCAST JOURNALISM TRAINING COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

----- Start of picture text -----
Unrestricted Restricted Total Total
Fund Fund 2020 2019
Notes £ £ £ £
INCOME AND ENDOWMENTS
Charitable activities 3 163,817 - 163,817 210,055
Investment income 3 191 - 191 365
TOTAL INCOME 164,008 - 164,008 210,420
EXPENDITURE
Charitable activities 4 157,239 12,237 169,476 163,044
TOTAL EXPENDITURE 157,239 12,237 169,476 163,044
TOTAL INCOME/(EXPENDITURE) 6,769 (12,237) (5,468) 47,376
TRANSFERS BETWEEN FUNDS (15,000) 15,000 - -
NET MOVEMENT IN FUNDS (8,231) 2,763 (5,468) 47,376
Fund balances brought forward 12 129,072 40,000 169,072 121,696
Fund balances carried forward 12 120,841 42,763 163,604 169,072
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities.

The notes on pages 8 - 13 form part of these financial statements.

6

BROADCAST JOURNALISM TRAINING COUNCIL (REGISTERED NUMBER 03283252)

BALANCE SHEET AS AT 31 DECEMBER 2020

----- Start of picture text -----
2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 1,355 1,807
CURRENT ASSETS
Debtors 9 - 5,775
Cash at bank 10 169,438 181,207
169,438 186,982
CREDITORS -
Amounts falling due within one year
Creditors and accruals 11 7,189 19,717
NET CURRENT ASSETS 162,249 167,265
NET ASSETS 163,604 169,072
FUNDS
Restricted funds 42,763 40,000
Designated funds 15,000 15,000
Unrestricted funds 105,841 114,072
TOTAL CHARITY FUNDS 12 163,604 169,072
----- End of picture text -----

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. No members have deposited a notice pursuant to section 476 of the Companies Act 2006 requiring an audit.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 section 1A – small entities.

Approved by the board of trustees on 7 July 2021 and signed on its behalf by

R M Bernard Trustee

Registered charity number: 1060668

The notes on pages 8 - 13 form part of these financial statements.

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 STATUTORY INFORMATION

The Broadcast Journalism Training Council is a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given on page 3 of these financial statements. The nature of the charity’s operations and principal activities are the monitoring, evaluation and accreditation of higher education courses in broadcast and multi-media journalism.

2 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Charities Act 2011, the Companies Act 2006, 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) and the provisions of FRS 102 Section 1A small entities.

The financial statements are prepared on a going concern basis under the historical cost convention and presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the charitable company will continue for the foreseeable future.

The COVID-19 outbreak has caused the closure of universities in the UK, however, the trustees have taken steps to ensure that work can largely continue as normal such that it is not anticipated to significantly impact the company’s trading results for 2021. The charitable company is financially stable and has reserves in excess of 9 months of running costs. On this basis the trustees consider it appropriate to continue to adopt the going concern basis for the preparation of the financial statements.

Cash flow statement

The charity has not included a cash flow statement as it has claimed exemption under FRS 102 Section 1A.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Income that has been invoiced but relating a future period is deferred.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102) as this is deemed to be negligible.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

2 ACCOUNTING POLICIES (CONTINUED)

Allocation and apportionment 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, personnel and governance costs which support the Charity's activities. All support costs have been allocated to the Charity's primary charitable activity of education.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are unrestricted funds which have been ear marked for use for a specific purpose.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

----- Start of picture text -----
3 INCOME 2020 2019
£ £
Charitable activities
Education 163,817 170,055
Placement Assistance Scheme - 40,000
163,817 210,055
Investment income 2020 2019
£ £
Interest received 191 365
191 365
Placement
Assistance Staff Direct Support
4 CHARITABLE ACTIVITIES Scheme costs costs costs Total
£ £ £ £ £
Education 12,237 81,057 10,504 65,678 169,476
5 SUPPORT COSTS Management Finance Governance Total
£ £ £ £
Education 61,769 115 3,794 65,678
2020 2019
£ £
Insurance 325 325
Telephone 2,828 3,082
Postage and stationery 1,308 1,180
Computer costs 615 80
Administrations fees 56,241 51,002
Depreciation of tangible assets 452 602
bank charges 115 111
Professional fees 1,163 396
Independent examiner's fees 2,631 2,467
65,678 59,245
6 NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2020 2019
£ £
Depreciation - owned assets 452 602
----- End of picture text -----

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

7
STAFF COSTS
2020
£
Wages and salaries
73,000
Social security
5,867
Pension
2,190
81,057
The average number of staff during the year was 1 (2019: 1).
Emoluments of staff earning in excess of £60,000 was as follows:
2020
No
£70,000 - £79,999
1
1		 2019
£
70,000
5,476
2,100
77,576
2019
No
1
1

TRUSTEES' REMUNERATION, BENEFITS AND EXPENSES

No trustees were paid fees for services in the year (2019: £1,720 to two trustee).

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

During the year £880 (2019: £1,921) was reimbursed for travel and subsistence incurred by 4 (2019: 8) trustees.

8
TANGIBLE FIXED ASSETS
COST
At 1 January 2020
Additions in year
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge in year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Computer
equipment
£
8,241
-
8,241
6,434
452
6,886
1,355
1,807

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

----- Start of picture text -----
9 DEBTORS 2020 2019
£ £
Trade debtors - 5,775
- 5,775
10 CASH AT BANK 2020 2019
£ £
Cash at bank 169,438 181,207
169,438 181,207
11 CREDITORS - AMOUNTS FALLING 2020 2019
DUE WITHIN ONE YEAR £ £
-
Other taxes and social security 2,834
Other creditors 426 408
Accruals and deferred income 3,929 19,309
7,189 19,717
12 MOVEMENT IN FUNDS Unrestricted
General Designated Restricted Total
£ £ £ £
As at 1 January 2020 114,072 15,000 40,000 169,072
Incoming resources 164,008 - - 164,008
Resources expended (157,239) - (12,237) (169,476)
Surplus/(deficit) for year 6,769 - (12,237) (5,468)
Transfer (15,000) - 15,000 -
As at 31 December 2020 105,841 15,000 42,763 163,604
Analysis of net assets by funds:
£ £ £ £
Fixed assets 1,355 - - 1,355
Cash at bank 111,675 15,000 42,763 169,438
Creditors and accruals (7,189) - - (7,189)
As at 31 December 2020 105,841 15,000 42,763 163,604
----- End of picture text -----

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BROADCAST JOURNALISM TRAINING COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

13 RELATED PARTY DISCLOSURES

There were no related party transactions for the year, other than those disclosed in note 7.

14 FINANCIAL INSTRUMENTS

Financial assets measured at amortised costs amounted to £Nil (2019: £5,775).

15
INCOME AND ENDOWMENTS
Charitable activities
Investment income
TOTAL INCOME
EXPENDITURE
Charitable activities
TOTAL EXPENDITURE
TOTAL INCOME/(EXPENDITURE)
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
COMPARATIVE STATEMENT OF
FINANCIAL ACTIVITIES
Fund balances brought forward
Fund balances carried forward		 Unrestricted
Fund
£
170,055
365
170,420
163,044
163,044
7,376
-
7,376
121,696
129,072		 Restricted
Fund
£
40,000
-
40,000
-
-
40,000
-
40,000
-
40,000		 Total
2019
£
210,055
365
210,420
163,044
163,044
47,376
-
47,376
121,696
169,072

13

BROADCAST JOURNALISM TRAINING COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

----- Start of picture text -----
2020 2019
£ £
INCOME AND ENDOWMENTS
Fees and subscriptions 163,817 210,055
Investment income 191 365
Total incoming resources 164,008 210,420
EXPENDITURE
Staff costs
Salaries 73,000 70,000
National insurance 5,867 5,476
Pension contributions 2,190 2,100
81,057 77,576
Direct costs
Travel and subsistence 9,698 26,074
Secretarial and accreditation services 806 149
10,504 26,223
Management costs
Insurance 325 325
Telephone 2,828 3,082
Postage and stationery 1,308 1,180
Computer costs 615 80
Administration fees 56,241 51,002
Computer equipment 452 602
61,769 56,271
Finance costs
Bank charges 115 111
115 111
Governance costs
Professional fees 1,163 396
Independent examiner's fees 2,631 2,467
3,794 2,863
-
Placement grants 12,000
Placement expenses 237 -
Placement Assistance Scheme 12,237 -
Total resources expended 169,476 163,044
NET SURPLUS/(DEFICIT) (5,468) 47,376
----- End of picture text -----

This page does not form part of the financial statements

14