REGISTERED COMPANY NUMBER: 03647928 (England and Wales) REGISTERED CHARITY NUMBER: 1074453 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR TRAIL-BLAZERS MENTOIUNG LTD Glbtrfjns Mannington & Phipps LLP Chartered Accourstants Landgate Chambers 24 Landgate Rye East Sussex TN317U
TRAIL-BLAZERS MENTORING LTD cot4TENTS OF THE FXNANCIAL sfATEMENTS FOR THE YEAR Et4DED 31 DECEMBER 2020 Page Reference and Admlnistrative Detall$ Report of the Trustees 2 to 6 Independent Examlner's Report statement of Flnanclal Artlvltles Balance Sheet 9 to 10 Notes to the Flnandal Statements 11 to 17 Detslled Statement of Flnandal Actlvltles 18 to 19
TRAIL-BLAZERS MENTORING LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020 TRUSTEES C A Kemp (Chalr) A Gadhia A Janjua T Pauk P R F Simpson (Treasurer) A Umfrevllle A Morrison (appolnted 281912020} K S A White (appointed 271512020) COMPANY SECREfARY P R F Simpson SENIOR MANAGEMENT J D Shepherd Chlef Executive Offlcer J Alexander - Service Dellvery D1ctOr REGIsfERED OFFICE HMYOI Aylesbury Bierton Road Aylesbury Buckinghamshire HP20 IEH REGIsfERED COMPANY NUMBER 03647928 (England and Wales) REGIsfERED CHARrrY NUMBER 1074453 INDEPENDENT EXAMINER Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7U Page I
TRAIL-BLAZERS MENTORING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees who are also dlrectors of the charlty for the purposes of the Companies Act 2006, present their report wlth the financlal statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charitles: Statement of Recommended Practlce applicable to charities preparing theSr accounts In accordance with the Flnancial Report"ng Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective l January 20191. OBJECTIVES AND AcfIviTIES Objethves and alms Trailblazers objectlves are: The rehabllitstlon of persons who are or have been subject to a crlmlnal charge and are serving a custodlal sentence in one of Her Majesty's Prlsons or Young Offender5 Inslltutlons. by means of educational training, mentorlng or guldance provlded to such persons so as to asslst in thelr rehabilitatlon Into the wider community. Aims.. To reduce the likelih¢)od of re-offendlng andlor the serlousness of re-offending by prepartng offender5 for release To ease the difficult period of transition of the offender Liack into society followbng release from prfson To empower the young person to make posltive choices by developlng the any offender's self-esteem, confldence, education and knowledge of opportunities - To enhance the resettlement serv1$ offered by HMPS by using volunteer mentors to support offenders on release. Public benefit The Trustees, having revlewed the maln actlvltle5 untlertaken by Trailblazers to further Its charltable purposes for the publlc benefit, mnclude that public benefit eontlnues to be derlved from Trallblazer5 acuvities. Trailblazers reduces the likellhood of re-offending by preparlng offender5 for lease and supporting them during a transltlonal period post-release. Trallblazers consistent success In athlevlng signifitantly lower re-offending figures as compared wlth the natlonal average (see below) provides a tangible publlc benefli. Reduction in crtme leads to safer communities and fewer vietlms of offendlng behaviour, and In addition contributes to a reduction in the costs to the publlc purse associated with policing. court proce55es and holding an Indlvldual in a prison or young offender5 Institution. The Trustees have complled wlth the duty In section 4 of the Charltles Act 2006 to have due regard to public benefit guidance pub115hed by the Commission. Volunteers Volunteer mentors are tralned to Ilsten, advlse, support and challenge their mentees, and help them plan thelr future after release from custody. Mentoring is primarily Intended to tske place inslde the prison In the final slx months of the mentee's Senten and continue post-release for up to a further nine months. Mentorfng conslsts of a structured programme delIVe through the use of toolsets which comprfse Introduction to Mentorlng, Better Relationshlpsi Assertlng Myself, Noney Matters, Gettlng to Work, and Through the Gate. There a no general volunteers. Page 2
TRAYL-BLAZERS MENTORING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 ACHIEVEMENT AND PERFORMANCE Charltable activitles In the twelve months covered by this report Trallblazers has continved to support young people In improving thelr lives to reduce reoffending. Thls report wlll summartse the organlsation's achlevements. Trailblazers had ambitious plans for development of the serv1 during 2020. These ineluded recruitlng three new full-Me posts,. a serv5 Dellvery D5ctor (SOD), reporting to the Chlef Executive (CEO), and two Community Support Workers (CSW), reporting to project managers. The SDD post was recruited in February just as the effects of Covid 19 were acceleratlng. The exlstlng plans for 2020 were then placed on hold while the charity adapted to the changed environment presented by the developlng pandemlc. With effect from 23rd March 2020 Trallblazers was no longer able to acttss the prlsons but was still able to provl(Je vitsl pract¢cal sUPPOrt to prlsoners being released. As restrfcuons eased at the beglnning of July employed staff were able to access the prfsons and although that ac55 contlnued for the remalnder of 2020, the volunteer mentors have not been able to access any of the pdson projects. However, Ment0 We able to contlnue provide support in the commvnityi although this had to be undertaken remotely. Despite thls. a new project at HMP Brixton was started during July. The recrultment of the two CSW roles had been planned for April but this was postponed untll September when two new staff were appolnted, Addltionallyi new trustees were appolnted In May and September. All pre-exlsttng grantors have conttnved to fulfll thelr fundlng promises and new appllcatlons for fundlng were increased In response to the tlghtening conditions wlthin the grant-maklng sertor. Contlnued success During 2020 Trallblazers supported 94 mentors worklng with 98 young men, 62 of whlch were engaged durin9 the year. For those who had acces5 to Trailblazers, the re-offendlng rate post-release was 18%, compared with a national rote of 56010. This re-offendlng rate Is eonslstent with previous years at a third of the national average. Due to the StriCtIonS (see above} relating to In-cu5todlal mentoring there wa5 a decline in the number new servlce-users on the pVIouS year {125). Consequentlyi Trallblazer's services were re-focussed to support released offenders with an encouraging increase of new engagements in the second half of the year. Project Managers continue to actlvely engage wlth their local communities, including local volunteerSng agencies, unlverslties, colleges and communlty groups to recruit a cross sectlon of volunteer mentors with a diverse base of knowledge and culturnl awareness whlch can be used to deal with the young people with whom the charity works. Dur(ng 2020 there were a number of engagements wlth other organisations including a successfiJl pllot run wSth National Grid's "Grid for Good" programme. an innovatfve "mutual mentorlng. pllot wlth Deloitie and a collaborative partnetshlp wlth Catch22. The Trustees would like to thank staff and volunteers for thelr contlnued hard work, their positive results and look forward to continuing to successfully help young offenders. FINANCIAL REVIEW Flnanclal posltlon The finances of the charlty continue to be stable wlth a surplus in the year of £46,810, compared wlth efiot In 2019 of £4,478. Reserves amounted to £96,639 compared with the prevlous yearfs level of £49,829. The flnancial position Is reviewed monthly by the Chair, Treasurer and CEO and by the Twstees at bi-monthly boartl meetings. Prlncipal funding sources Trailblazers primary fundlng sourw continued and contlnues to be charftable trijsts and foundatlons and the charity has a conunual programme in pla for making applications to approprlate bodles. However, In 2021 a major donor fiJndraislng initiatbve Is belng launthed to dlversify the potential sources of Income. Investment pollcy and objectlves Trallblazers funds are largely due to be spent in the short tem, so the Trustees conslder that long tetTn investment is Inappropr(ate. Funds not requlred Immediately are therefore held In a deposlt account or shori-terni bonds. Page 3
TRAIL-BLAZERS MENTORING LTD REPORT OP THE TRUSTEES FOR THE YEAR ENDED 31 DEceM8ER 2020 FINANCIAL REVIEW Re$erve$ pollcy Trailblazers serves policy Is to have unrestricted funds that is. not committed or invested in tanglble fixed assets - In reseNe to cover at least six months of expenditure in order to deal wbth any slgnificant ecrease in funding. The level of unrestrfrted reserves at 31 December 2020 wa5 £96.639 {2019 £49,829} compared wlth estlmated six months unrestricted expendStyre of Just under £180,000. Thi5 level of reserves Is greatly mltlgaled by cash in hand of £235,003, representlng grants already reIVed in respect of expenditure planned for 2021. FINANCIAL AND RISK MANAGEMENT OBJECTIVE5 AND POLICIES The Trustees conslder the major risks to whlch the d)arity is exposed at the bl-monthly board meetings and, where appropriate, e5tsblish systems and procedures to manage those risks. A sk Pollcy and a Rlsk Register is in place, and thos Is rewewed at each meeting of the Trustees along with an incident log which is also malntained to record any adverse Incldents. Durfng the year specific risks arising from the Covld 19 pandemic were Induded, includlng any additional financial risks that this has presented. Trailblazers manages risks to its staff and volunteers from exposure to offenders through tralning offered by the Prison servi (Includlng personal protection and conditionlng). robust and managed procedures, and through a system of irKEividual and group supervision. Additionallyi all volunteer mentors who SUPPOrt mentees post release are issued with a moblle phone so they can maintaln contsct wlth the Project Manager at the start and end of any community sesslons. This control also ensures volunteer mentors do not glve mentees any personal contact information. All staff will undertake safeguardlng tralnlng durlng 2021 delivered by an extemal third party and this learning wlll be shared with the mentors. At the end of 2020 Trailbla2ers was operating Inslde five Young Offenders Jnstitutions, and as such has established a slgnlflcant and continuing relationshlp with Her Majesty's Prfson and Probatlon servi$. Seryice Level Agreements are in place at all project s5tes, and although Trailblazers does not receive any irect financlal contribution, it retrives signlficant 'funding in kind, in the form of office space, heat, Ilght, fumlture and equlpment, telephonyi Stationery and postage. FUTURE PLANS Working to a hea(Jllne of "Better before BlggeV', 2020 was planned to be a more expanslve year. However, Covid 19 restrictions required Trailblazers to adapt Its Servi offertng5, shiftlng Its focus towards provlding young prison leaveTS With greater support post release as they re-integrate into the community. Following this, Trailblazers enters 2021 as a strong and resilient organisatlon able move forward wbth ambition and confidence in developlng and delivering a more sophlstlcated prograrnme of service dellvery. To this end the board and executive team a establishing a fully costed flve-year programme of gmwth and development. srRucfuRE. GOVERNANCE AND MANAGEMErir Governing document The charity is controlled by its governing document, a deed of trust, and constbtutes a Ilmited companyi Ilmited by guarantee, as defined by the Companies Art 2006. Trall-Blazers Mentoring Ltd - (also known as Trailblazers), 15 a tharltable company limlted by guarantee wlthout share capital incorporated on 12 October 1998 and reglstered as a charity on l March 1999. The company was &stablished under a Memorandum of Associatlon whlch establlshed the objects and the powers of the tharitable company and is govemed under its Artlcles of Association. These were amended by speclal resolutions passed on 8 February 1999, 21 December 2003, 20 Febnjary 2006 and 6 August 2009. In the event of the company being wound up members are required to contrlbute an amount not exceeding £10. Page 4
TrAIL-BLAZERS MENTORING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appolntment of new trustees Trailblazers aims to have not less than four Trustee5 at any one tlme, up to a maxlmum of ten. As soon as a serving Trustee declares an Intention to reslgn, the Trustees will endeavour to recruit a new Trustee. From tlme to time the Board reviews the skills of exlsting Trustees and identifie5 skllls gaps. Tnjstees are recruited by means of personal approach and wlder advertising via the national press and specialist Third Sector publications. Organlsatlonal strurture The Board of Trustees meets at least quartedy to contribute to the strategic dIreCOn and policy of the Charity. Day to day responsibility Is delegated to the CEO who has responslbllltle5 for ensuring that the charfty delivers the Services specified; financial management, legal compliance, human resour, fundraislng and marketingi public relations and risk management. The CEO is supported by the Board of Trustee5. Each project Is led by a Project Manager who is based at that prfson. The ProJect Manager has day to day responsibility for the management of that project includlng retrultment and trainlng of mentors, recrLSitment of potential mentees, matching of mentors to mentees, meeting tsryets and effectlve data mana9ement and record keeping. In 2020, Project Nanagers were in place at HMPIYOI Brinsford, HMP Wandsworth, HMYOI Aylesburyi HMPIYOI Isis and since July 2020 at HMP Brixton. Trallblazers also employs a full-time AdMinIstraOn Offir based at Aylesbury who manages all the administration nthOn5 of the charity. Monthly management accounts are produced with the help of the Treasurer. Inductlon and tralnlng of new trustees After the initial approach the prospective Trustee wlll meet wlth the Chalrman and another Trustee. followed by a meeting wlth the CEO. Ttr¢ese meetings will include a full brlefing on the legal and finanaal responslbilities of Trustees, and a thorough explanation of the work of the charlty. The prospectlve Trustee will recelve: The Memorandum and Artides of Assoclation The latest published Annual Accounts and Trustees, Report A currenl copy of the management accounts, whlch includes the year's butlget Minutes of the prevlous three Board meetings The Development Plan A copy of the latest relevant Charity Commission guidance for Trustees After attending a Board meedng as èn observer, a decision Is made by the Trvstees. In consultatkn wlth the prospectlve Trustee and the CEO as to 5Ultability. The formal vote to elect a new Tnjstee will take pla at the next appropdate Board meeting and wlll be ratlfied at the ne( Annual General Meetlng. On ratificatlon by the board, each new trustee Is provlded wSth a formal Indvctlon. STATEMENT OF TRusfEES' RESPONSIBIUTIES The trustees (who are also the dlrectors of Trail-81azers Mentorfng Ltd for the purposes of company law) are responslble for preparing the Report of the TNstees and the flnancial statements In accordance with appllcable law and United Klngdom Accountlng Standards (United Kingdom Generally Accepted Accounting Praciite). Company law qUIreS the trustees to prepare flnanclal statements for eath financfial year whith glve true an¢J fair view of the state of affalrs of the charitable company and of the Incomlng resources and application of resourtes, Indudlng the income and expenditu, of the charbtable company for that perfod. In preparlng those financlal statements, the tntstees are requlred to 5eleci sultable accounting pollcies and then apply them cons15tently: observe the methods and princlples In the Chartty SORP. make Judgements and estimates that are reasonable anil prudent; prepare the financial statements on the going concem basis unless it Is Inappropriate to presume that the charitable company will conts.nue In business. Page 5
TRAIL-BLAZERS MENTORING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 STATEMENT OF TRUSTEES. RESPONSIBJLrriES - contlnued The trustees a re5ponslble for keeplng proper accoLrntlng records whlch éi5close wlth reasonable accuracy at any time the financial posltlon of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also respon51ble for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irregularlties. Approved by order of the board of trustees on24th March 2021 and signed on its behalf by.. C A Kemp- Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRAIL-BLAZERS MENTORING LTD Independent examlner'$ report to the trnstees of TrJil-Bl8zers Mentorlng Ltd ('the CoMnY.) E report to the charity trustees on my examination ol the accounts of the Company for the year endetl 31 Deeember 2020. Re5ponslbllltle$ and basis of report As the charity's trustees of the Company {and also its dlrectors for the purposes of company law) you are sponsible for the preparatlon of the account5 In accordance with the requirements of the Companles Art 2006 {'the 2006 Act,). Having satlsfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are ellglble for Independent examlnation, I report in respert of rny examinatlon of your charity's accounts as carried out under sectlon 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 seeon 145{5) (b) of the 2011 Act. Independent examlneVs statement Since your charlty's gross income exceeded £250,000 your examlner must be a mernber of a listed body. I can confirm that l am quallfbed to undertake the examinatlon because l am a reglstered member of FCA whlch Is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connertlon with the examlnatlon givlng me eause to believe: accountlng record5 were not kept in respect of the Company as requlred by sectlon 386 of the 2006 Act; or the accounts do not accord wlth those records- or the accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other thar* any reqU1ment that the accounts give a true and falr view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance wlth the methods and prlnclples of the Statement of Recommended Practice for accountlng and reporting by charities (applicable to charities preparing their accounts in accordance wlth the Flnanclal Reporting Standard appliuble in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connectlon wlth the examination to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Mr K. Luck FCA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7U Date- 1 June 2021 Page 7
TRAIL-BLAZERS MENTORING LTD STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020 2020 Totsl funds 2019 Total fvnds Unrestricted fund liestricted funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles 39,171 2,494 41,665 46,048 Charitable actlvltles Nentoring of young offenders 109,679 246.609 356,288 277,425 Investment income Other income 1,532 800 1,532 800 224 2,000 Total 151,182 249,103 400.285 325,697 EXPENDITURE ON Raising funds 34,685 34,685 14,447 Charitable artivities Mentortng of young offenders 181,672 137.118 318,790 315,728 Total 216,357 137,118 353N75 330,175 NEf INCOMEI{EXPENDrruRE) (65,175) 111.985 46,810 (4,4781 Transfers between funds 14 111,985 {111,985) Net movement In lunds 46.810 46,810 {4,478) RECONCILIATION OF FUNDS Totsl funds brought forward 49,829 49,829 54,307 TOTAL FUNDS CARRIED FORWARD 96,639 96,639 49,829 The notes form part of these finan¢lal statements Page 8
TRAfL-BLAZERS MENTORING LTD BALANCE SHEET 31 DECEMBER 2020 2020 Total funds 2019 Total funds Unrestricted fund Restrfcted funds Notes CURRENT ASSErs Debtors Cash at bank 12 380 235,003 371 287,085 235,003 235.383 235,383 287,456 CREDrroRS Amounts falling due wlthln one year 13 (138.744) (138.744) (237,627) NET CURRENT ASSErs 96,639 96,639 49,829 TOTAL ASSEfs LESS CURRENT LIABILrrEES 96,639 96,639 49,829 NEf ASSErs 96.639 96,639 49.829 FUNDS unStrItted funds 14 96,639 49,829 TOTAL FUNDS 96,639 49,829 The charitable company is entitled to eXeMpOn from audit under Sectlon 477 of the Compartles Art 2006 for the year ended 31 December 2020. The members have not qUIred the company to obtain an audlt of its financlal statements for the year ended 31 December 2020 In Jccordance with Section 476 of the Companles Act 2006. The trustees acknowledge their responslblllties for (a) ensuring that the charftable company keeps accounknng records that comply wlth Sectlon5 386 and 387 of the Companles Act 2006 and Ib) preparlng financial statements whlch give a true and fvir vlew of the state of affalrs of the charitable company as at the end of eath financlal year and of its surplus or deficit for each flnandal year In accordan with the requirements of Sectlons 394 and 395 and which otheThvise comply with the requirements of the Companies Act 2006 relatlng to financial statements, so far as applicable to the charitable company. The notes fom part of these flnandal statements Page 9 convnued...
TRAIL-BLAZERS MENTORING LTD BALANCE SHEEf - continued 31 DECEMBER 2020 These financial statements have been pPared In accordan wlth the provi51ons appllcable to charitable companies subject to the small companies reglme. The financial ststements were approved by the Board of Trustees and authorised for Issue on 24th March 2021 and were signed on its behalf by: C A Kemp- Trustee P R F Simpson - Trustee The notes fom) part of these finonclal statements Page 10
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable companyl whlch is a public benefit ertty under FRS 102, have been prepared In accordance wlth the Charities SORP (FRS 1021 'Accounting and Reporting by Charltles,. Statement of Recommended Prattl applicable to charftle5 preparing their a¢¢ounts Sn accordance with the Flnancial Reportlng Stsndard appllcable In the VK and Republic of Ireland (FRS 102) (effective l January 2019),, Flnanclal Reporting Standard 102 'The Financlal Reportlng Standard applicable In the UK and Republlc of Ireland, ané the Cornpanles Act 2006. The financial statements have been prepared under the historlcal cost conventlon. Flnancl•l reportlng standard 102 - reduced dlsclo$ur¢ exemptlons The chèritable company has taken advantage of the following dlsclosure exemptions in preparing these flnanclal statements, as pernitted by FRS 102 The financial Reportlng Standard appllcable in the UK and Republic of Irelartd.: the requirements of Sectlon 7 Statement of Cosh Flows. Income Voluntary Income is received by way of donations and gift5 and is included In full In the Statement of Financial Activities when recelvable. The value of servlces provided by volunteers has not been Include(J. Grants are only included in the accounts when the income recognitlon crlterfa are met, In the case of perfomance related grants, income Is only recognised to the extent that the charity has provided the speclfled goods or setvlce5 as entitlement to the grant only occurs when the performance related condltlons are met. Expenditure Expenditure is recognlsed In the perlod In whlch they are incurred, these include attrfbutsble VAT which cannot be recovered. Expenditure Is all allocated to the prfmary actlvlty of mentoriflgi except as stated below: Fundralsing and publlclty costs are those incurred in generating Income and promoung the company'5 profile. Governance costs ore those Incurred exclusively on the administration of the company and its compliance wlth Statutory requlrements which comprise the cost of auditing and accountlng, Support costs are those incurred directly In support of expenditure on the objects of the company. Tanglble flxed assets Depreciation is provlded at the following annual rates In orijer to wrfte off each asset over its estimated useful life. Computer equipment 330/0 on cost Taxatlon The charity is exempt from corporatlon tax on Its charitable actlvltles. Fund accountlng Unre5thrted funds can be used in accordanee wlth the charftsble objectlves at the discretlon of the trustees. Restricted funds can only be used for particular $tricted purposes withln the objects of the chartty. Restrtctlons arlse when speufied by the donor or when funds are ralsed for parbcular restricted purpose5. Page 11 contlnued...
TRAIL-BLAZERS MEPrnRING LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POUCIES - contlnued Fund accountlng Further explanatlon of the nature and purpose of each fund Is Induded in the notes to the flnanclal statements. Pension eosts and other post-retlrement benefits The charitsble company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are Charged to the Statement of Financlal Actlvitie5 in the perl¢)d to which they relate. L)onJted goods and servlces Donated services and facS1ities are included in the SOFA when recelved at the value of the glft to the charity provided the value of the glft can be measured rellably. Donated se15 and faalities that ore consumed immediately are recognlsed as Income wlth an equlvalent amount recognised as an expense under the approprfaie headlng In the SOFA. Debtors Debtors {includlng trade debtors ané loans receivable) are measured on initlal recognition at settlement amount after any trade dlscounts or amount advanced by the charity. Subsequentlyr they a measured at the cash or other conslderation expected to be received. Credltors The charity has ¢((tOrS which are measured at settlement amounts less any trade discounts. DONATIONS AND LEGACIES 2020 2019 Donations 41.665 46,048 Included In Donatlons is an amount of £24,997 {2019 £24,000) for donated facilitles and setvlces provided by each of the 4 pr(sons that the charity serves. It is a best estimate of the value of the facilities and servlces provided. The corre5pondlng expendlture Is included in the direct costs of the charltable actlvlty of mentoring young offenders. Also Included in Donations is an amount of £4,800 (2019 Nil) for donated serylces provided for office supply. It Is a best estimate of the value of the servlces provlded. The correspondln9 expendItU is Induded in office expenses in management support costs. INVESTMENT INCOME 2020 2019 Deposit account interEst 1,532 224 Page 12 ¢ontlnued...
TRAIL-BLAZERS MENTOIUNG LTD t40TES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 INCOME FROM CHARrrA8LE AcrivrriES 2020 2019 Actlvity Mentoring of young offenders Grants 356,288 277,425 Grants re1ve, Included in the above, are as follows: 2020 2019 Grant maklng Institutions Furlough grants 345,176 11,112 277,425 356,288 277,425 CHARITABLE AcrIvrriES COSTS Support costs (see note 61 Direct C05ts Totals Mentorlng of young offenders 291,726 27,064 318.790 SUPPORT cosrs Governance costs Management Finance Totals Mentoring of young offenders 24,497 60 2,507 27,064 NEf INCOME/(expENDITURE) Net incomel(expendlture) Is stated after charglngi(tredMng): 2020 2019 Independent examiners. remuneration Bookkeeplng 1,920 587 2.046 TRUSTEES. REMUNERATIOt4 AND BENEFrrs There were no tru5te&s' remuneration or other beneflts for the year ended 31 December 2020 nor for the year ended 31 December 2019, Trustees. expenses One trustee was relmbursed for expenses during the year as follows: 2020 2019 Travel Course fees 399 34 309 399 343 Page 13 contSnued...
TRAIL-BLAzeRS MEp¥foRING LTD NOTES TO THE FXNANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 srAFF COSTS 2020 2019 Wages and salaries Social security costs Other penslon costs Z18,025 16,824 5,968 171,662 13,525 4,581 240,817 189,768 The average monthly number of employees during the year was as follows: 2020 2019 Employees No employees recelved emoluments In eXsS of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvThIes unstrICted fund Restricted funds Total funds INCOME AND ENDOWMEKfs FRON Donations and legacies 21,388 24,660 46,048 Charltable artivltles MentOng of young offenders 87,135 190,290 277,425 Investment incorne Other income 224 2,000 224 2,000 Total 110,747 214,950 325,697 expENDrruRE ON Raising funds 14,447 14,447 Charltable actlvltles Mentoring of young offenders 111,673 204,055 315,728 Total 126,120 204.055 330,175 Nrr INCOME/(EXPENDrruRE) (15.373) 10,895 (4,478) Transfers between funds 34,315 (34,315) Net movement In funds 18,942 (23,420) (4,478) RECONCILIATION OF FUNDS Total funds brought forward 30,887 23,420 54,307 TOTAL FUNDS CARRIED FORWARD 49,829 49.829 Page 14 contlnued...
TRAIL-BLAZERS NENTORfNG LTD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 11. TANGIBLE FIXED ASSETS Computer equlpment cosr At l January 2020 and 31 Dernber 2020 8,039 DEPRECIATION At l January 2020 and 31 December 2020 8,039 NEf BOOK VALUE At 31 Dember 2020 At 31 Dember 2019 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Prepayments and accrued Income 380 371 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Social security and other taxes other eredltors Accruals and deferred income 5,885 7,113 125,746 4,377 7,644 225,606 138,744 237,627 The charity's income is almost entirely grant based whlch a applied for on an annual (or in one case 24 months) basls to provlde mentoring for the ensulng 12 months. It therefore seem5 approprfate for the accountlng policy to reflect this. It also enables the accounts to more accurately reflert the position by matching Income and expenditu. I& MOVEMENT It4 FUNDS Net movernent In fijnds Tr7nsfers betr4een funds At 311IV20 At 111120 Unrestrlcted funds General fund 49,829 (65,175) 111,985 96,639 Restricted funds Aylesbury 8rinsford Isis Wandsworth Comic Relief Sustalnable Fund (11,477) 16,860 56,798 50,167 (363} 11.477 (16,860) (56,798) (50,167} 363 111,985 (111.98S) TOTAL FUNDS 49.829 46,810 96,639 Page 15 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 14, MOVEMENT IN FUNDS - Contlnued Net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestrlcted funds General fund 151.182 (216,357) {65,175) Restrlcted funds Aylesbury Brlnsford Isis Wandsworth Comic Rellef Sustalnable Fund 19,271 50,306 89.762 89.764 (30,748) (33,446) {32,964) (39,597) (363) (11.477) 16,860 56,798 50,167 (363) 249.103 (137,118) 111.985 TOTAL FUNDS 400.285 (353,475) 46,810 Comparatlv¢s for movement in funds Net movement in funds Transfers betsveefl funds At 31112119 At 111119 Unrestrlcted funds Generdl fund 30.887 (15,373) 34.315 49,829 Restrlcted funds Aylesbury Brlnsford ISJS Wandsworth 7,136 12,631 (1.542) (7,330) (7,136) (18.053) (6,725) (2,4011 5,422 8,267 9.731 23,420 10,895 {34,315 } TOTAL FUNDS 54.307 (4,478} 49,829 Pege 16 continued...
TRAXL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 14. MOVEMENT IN FUNDS- continued Comparatlve net movement Sn fvnd5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 110,747 (126,120) (15,373) Restricted funds Aylesbury Brinsford Isis Wand5WOrth Comlc Rellef Sustainable Fund 33,042 55,461 37,520 39.187 49,740 (25,906) (42,830) (39,062) (46,517) (49,740) 7,136 12,631 (1,542) (7,330) 214,950 (204,055) 10,895 TOTAL FUNDS 325.697 (330,175 } (4,478) Transfers between fvnd$ Grants made are often restricted to one of the charlty's four projerts young offenderfs prisons where we provide mentors by employlng a project manager to match mentors with mentees. Incorne and expenditure Is analysed by proJett and any shortfalls covered by a trdnsfer of funds from the unrestricted {corel fund. Support costs, such as management costs and the cost of ralsing funds are split among the projects. 15. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 Dember 2020. Page 17
TRAIL-BLAZERS MENTORING LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 XNCOME AND ENDOWMEKrs Donatlons and legacles Donations 41,665 46,048 Investment Income Deposit account interest 1,532 224 Charltable actlvltl•s Grants 356,288 277.425 other Income Repayment of funds 800 2,000 Total Incomlng resourtes 400,285 325,697 EXPENDrnJRE Ralslng donations and l¢gJ¢ies Fundraising tonsultancy Fundraising costs Fundraising major donor project 11,625 2,180 20,880 14,375 72 34,685 14,447 Charltable 8Ctlvltles Wages Soaal security Pensions Staff reerultment & trairtSng Mentor recrultrnent & training Mentor travel & meetings Mentor & staff mlscellaneovs other mentoring expenses Travel & sub5iStence Comic Relief Sustainable Fund Costs Professional fees Prfson costs - HMPS in Ileu 218,025 16,824 5,968 4.554 1,291 1,494 2.322 11,033 3.632 171,662 13,525 4,581 6,389 3,779 897 415 11,292 12,629 46,746 1,500 24,000 1,586 24,997 291,726 297,415 Support Costs Management Insurance Offieè expenses Subscriptions and publlcatlons TB20 and TB 21 costs 1,792 17,969 4,736 1.476 5,910 1,157 7.664 24,497 16,207 Flnance Bank charges 60 60 This page does not form part of the statutory flnandal statements Page 18
TRAIL-BLAZERS MENTORING LTD DETAILED STATEMENT OF FINANCXAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Flnance Governance costs Independent examination fee 2,507 2,046 Total resources expended 353,475 330,175 Net Incomel{expenditure) 46,810 (4,478) Thls page does not form part of the statutory flnancial Statements Page 19