COMPANY REGISTRATION NUMBER: 2699097 CHARITY REGISTRATION NUMBER: 1078105
TOUCAN EMPLOYMENT Company Limited by Guarantee Unaudited Financial Statements 31 March 2021
LAYTON KAYE
Chartered Certified Accountants and Registered Auditors 51 Norwood High Street London SE27 9JS
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 10 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 25 |
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name TOUCAN EMPLOYMENT Charity registration number 1078105 Company registration number 2699097 Principal office and registered Rm LG02 office Thames Reach Employment Academy 29 Peckham Road London SE5 8UA
The trustees
Richard Scroggs Gareth Welch Alison Backhouse Graham Peacock Neale Thomas Bill Puddicombe COMPANY SECRETARY BRIAN JOHNSON INDEPENDENT EXAMINER LORAINE LAYTON FCCA 51 NORWOOD HIGH STREET LONDON SE27 9JS
Structure, governance and management
Toucan Employment is a charitable company limited by guarantee. The company was established under a Memorandum of association which contains the objects and powers of the company.
Since Toucan Employment commenced operations it has focused on reducing the social exclusion of people with learning difficulties and disabilities in the London boroughs of Southwark, Lambeth, Lewisham, and Brent by aiding them to find and retain employment. Our service is tailored to meet both the needs of the job-seeker and the employer by offering full support during the whole of the recruitment process; we work with employers to set up/find jobs that are suited to our clients' abilities and interests and offer on-the-job support and job coaching to meet the needs of our clients and their employers, as required."
Toucan Employment has a board of trustees who meet at regular intervals throughout the year. They are responsible for the strategic direction and policy making of the charity.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Objectives and activities
Toucan Employment was established in 1989 and since has worked with hundreds of individuals and employers to promote the inclusion of disability in the workplace. In the last 10 years we have supported hundreds of people with learning difficulties and disabilities into paid employment. We work with some of most marginalised people in the job market - people who would often otherwise just be left in the mire of day centres, where there is a self-perpetuating circle of disinterest and meaningless activities. Therefore our principal objective is the provision of employment services to people with learning disabilities, who are aged between 16 and 65. As a charity for people with learning disabilities the company aims to give clients support to learn vocational skills and to find paid work.
The object is to increase the number of people with learning disabilities in work and to ensure that Toucan as an organisation aims to work with employers to provide more opportunities for people with learning disabilities to get work. In setting these objectives and planning its activities, Toucan’s trustees have given careful consideration to the Charity Commission’s general guidance on Public Benefit.
Toucan supported users during the year with its key objectives being:
i) to develop and promote the inclusion of disability in the workplace,
ii) to promote a clear focus on tailoring our facility to meet the job-seeker’s needs,
iii) offering support to the employer throughout the recruitment process – providing job-support and job-coaching.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Achievements and performance
Toucan’s reputation for successfully placing clients with learning disabilities into sustainable employment continues to grow, despite the difficult economic situation the charity is operating in. The staff work extremely well – both with each other and the management committee. The user and parent group continue to play a very active role in the on-going success of the charity.
Despite the Covid 19 pandemic, across the whole organisation, we still managed to achieve the following working outputs:
-
Over 2,500 1:1 contacts with clients over the year(many over the phone and zoom - rather than in person as normal);
-
80 new CVs written;
-
65 interviews;
-
34 job offers;
-
26 job starts;
-
38 jobs sustained for 6 months;
-
108 clients were supported with furlough and/or redundancy;
-
24 voluntary or other activities started;
-
30 work placements started; and
-
We worked with 298 clients across the year
Figures of people in employment
Last year, we worked with approximately 298 people, and of those 298, 198 were in some form of employment, appropriate to their skills and needs.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Financial review
Financial review
In a period of austerity, Toucan continues to be supported by a wide range of funders. Whilst we continue to successfully appeal to donors and funders for support, and so the majority of the core costs for 2020/2021 were largely funded from successful applications. However applications made in 2021 have successfully secured over £149,000 already and therefore we are ever hopeful that 2021/2022 will we be a better year.
Reserve policy
Unrestricted reserves are needed:
-
To cover the costs of providing the services with regard to funding contracts;
-
To maintain and manage its ongoing services;
-
To cover the administration and support without which the charity could not function.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Plans for future periods
Toucan Employment has already secured grants of almost £150,000 for the year 2021/2022. Including in these grants are the multi-year grants from the Walcot Foundation and the Lethersellers' Company that will bring substantial financial stability. Another £75,000 is likely at this point, with more on-going bids be placed during the year.
Additionally, working in partnership with Lewisham College, Lewisham Council, and Phoenix Housing will reap dividends for both the clients and the charity itself. Toucan will be rolling out a Supported Internship Programme in Lewisham that will bring additional income into the charity, as well as raising its profile, and increasing opportunities for young people with learning difficulties/disabilities in the Lewisham area.
Toucan will also be working in partnership with the Camden Society and Bede House to deliver the learning difficulties/disabilities and autism section of the Southwark Works contract for Southwark Council.
Toucan is exploring other opportunities for partnership working, especially with Beckmead College and Croydon Council, as well as the wider sector in Lewisham and Southwark, and we are optimistic that this will bear fruit soon. In addition Toucan is also reviewing alternative avenues to both develop opportunities for people with learning difficulties and disabilities, and to develop unrestricted income for Toucan - these include a microbrewery, a Hub, and the possibility of widening the scope of the work we undertake.
Events after the end of the reporting period
Particulars of events after the reporting date are detailed in note 19 to the financial statements.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 31 August 2021 and signed on behalf of the board of trustees by:
Richard Scroggs Trustee
BRIAN JOHNSON Charity Secretary
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of TOUCAN EMPLOYMENT
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of TOUCAN EMPLOYMENT ('the charity') for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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).
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of TOUCAN EMPLOYMENT
(continued)
Year ended 31 March 2021
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.
Loraine Layton FCCA Independent Examiner
51 Norwood High Street London SE27 9JS
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and Grants | 5 | 88,845 | 175,008 | 263,853 | 205,650 |
| Investment income | 6 | 18 | – | 19 | 154 |
| ──────── | ───────── | ───────── | ───────── | ||
| Total income | 88,863 | 175,008 | 263,872 | 205,804 | |
| ════════ | ═════════ | ═════════ | ═════════ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 45,856 | 157,973 | 203,830 | 207,257 |
| ──────── | ───────── | ───────── | ───────── | ||
| Total expenditure | 45,856 | 157,973 | 203,830 | 207,257 | |
| ════════ | ═════════ | ═════════ | ═════════ | ||
| ──────── | ───────── | ───────── | ───────── | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 43,007 | 17,035 | 60,042 | (1,453) | |
| ════════ | ═════════ | ═════════ | ═════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 23,125 | 113,293 | 136,418 | 137,871 | |
| ──────── | ───────── | ───────── | ───────── | ||
| Total funds carried forward | 66,132 ════════ |
130,328 ═════════ |
196,460 ═════════ |
136,418 ═════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 23 form part of these financial statements.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Statement of Financial Position
31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 2,030 | 2,706 |
| Current assets | |||
| Debtors | 14 | 359 | 6,362 |
| Cash at bank and in hand | 201,319 | 134,969 | |
| ───────── | ───────── | ||
| 201,678 | 141,331 | ||
| Creditors: amounts falling due within one year | 15 | 7,248 | 7,619 |
| ───────── | ───────── | ||
| Net current assets | 194,430 | 133,712 | |
| ───────── | ───────── | ||
| Total assets less current liabilities | 196,460 | 136,418 | |
| ───────── | ───────── | ||
| Net assets | 196,460 | 136,418 | |
| ═════════ | ═════════ | ||
| Funds of the charity | |||
| Restricted funds | 130,328 | 113,293 | |
| Unrestricted funds | 66,132 | 23,125 | |
| ───────── | ───────── | ||
| Total charity funds | 17 | 196,460 ═════════ |
136,418 ═════════ |
For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 31 August 2021, and are signed on behalf of the board by:
Richard Scroggs Trustee
The notes on pages 10 to 23 form part of these financial statements.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Rm LG02, Thames Reach Employment Academy, 29 Peckham Road, London, SE5 8UA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The accounts have been prepared on a going concern basis. There are no material uncertainties relating to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific funds. The Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading they are allocated to activities on a basis consistent with the main use of the resources.
Expenditure applying to one activity or cost category is directly allocated thereto. Governance costs comprise all costs involving accountability of the charity and its compliance with regulation and good practice.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings - 25% reducing balance Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Financial instruments
The charitable company enters into only basic financial transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other financial institutions.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Limited by guarantee
The company is limited by guarantee does not have a share capital. Each members's guarantee is limited to £1.
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
5. Donations and grants
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Tudor Trust | 36,340 | – | 36,340 |
| City Bridge Trust | – | 9,625 | 9,625 |
| Vintners' Foundation | – | 5,000 | 5,000 |
| Leathersellers' Company Charitable Fund | 10,000 | – | 10,000 |
| Give My View | 173 | – | 173 |
| Bergman Lehane Trust | 250 | – | 250 |
| Wakefield & Tetley Trust | – | – | – |
| Lloyds Bank Foundation | 33,000 | – | 33,000 |
| Merchant Taylors' Charitable Foundation | 4,900 | – | 4,900 |
| Mrs Smith and Mount Trust | – | – | – |
| Bailey Thomas Charitable Fund | – | – | – |
| Unity Works | – | 35,000 | 35,000 |
| Cafe Van Gogh (ESF) | – | 1,970 | 1,970 |
| The Peter Stebbings Memorial Fund | – | 10,000 | 10,000 |
| London Funders -Wave 3 | – | 20,000 | 20,000 |
| SEGRO Community Fund | – | – | – |
| Lewisham College (ESFA) | – | 32,649 | 32,649 |
| Walcot Foundation | – | 49,214 | 49,214 |
| 29th May 1961 Charitable Trust | – | – | – |
| Grocers' Charity | – | 4,550 | 4,550 |
| Grants | |||
| Fishmongers' Company's Charitable Trust | – | 4,000 | 4,000 |
| Field Family Charitable Trust | – | 3,000 | 3,000 |
| Lambeth ESF (London Councils/ ESF) | – | – | – |
| Government grant income | 4,182 | – | 4,182 |
| ──────── | ───────── | ───────── | |
| 88,845 | 175,008 | 263,853 | |
| ════════ | ═════════ | ═════════ |
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
5. Donations and grants (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Donations | |||||
| Tudor Trust | 33,660 | – | 33,660 | ||
| City Bridge Trust | – | 38,500 | 38,500 | ||
| Vintners' Foundation | – | – | – | ||
| Leathersellers' Company Charitable Fund | 10,000 | – | 10,000 | ||
| Give My View | – | – | – | ||
| Bergman Lehane Trust | 200 | – | 200 | ||
| Wakefield & Tetley Trust | 5,000 | – | 5,000 | ||
| Lloyds Bank Foundation | – | – | – | ||
| Merchant Taylors' Charitable Foundation | 5,000 | – | 5,000 | ||
| Mrs Smith and Mount Trust | – | 4,547 | 4,547 | ||
| Bailey Thomas Charitable Fund | – | 15,000 | 15,000 | ||
| Unity Works | – | 17,500 | 17,500 | ||
| Cafe Van Gogh (ESF) | – | – | – | ||
| The Peter Stebbings Memorial Fund | – | – | – | ||
| London Funders -Wave 3 | – | – | – | ||
| SEGRO Community Fund | – | 4,817 | 4,817 | ||
| Lewisham College (ESFA) | – | 32,679 | 32,679 | ||
| Walcot Foundation | – | 24,253 | 24,253 | ||
| 29th May 1961 Charitable Trust | 4,000 | – | 4,000 | ||
| Grocers' Charity | – | – | – | ||
| Grants | |||||
| Fishmongers' Company's Charitable Trust | – | – | – | ||
| Field Family Charitable Trust | – | – | – | ||
| Lambeth ESF (London Councils/ ESF) | – | 10,494 | 10,494 | ||
| Government grant income | – | – | – | ||
| ──────── | ───────── | ───────── | |||
| 57,860 | 147,790 | 205,650 | |||
| ════════ | ═════════ | ═════════ | |||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 18 | 19 | 154 | 154 | |
| ════ | ════ | ════ | ════ |
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Employment Services | 42,674 | 157,973 | 200,647 |
| Southwark Works | – | – | – |
| First Job Initiative | – | – | – |
| Post -Supported Internships Project | – | – | – |
| LDEA Support | – | – | – |
| Greenworks Allotment Project | – | – | – |
| Lambeth Older Residents' Project | – | – | – |
| Supported Internships | – | – | – |
| Lewisham Vulnerable Adults Project | – | – | – |
| Lambeth NEET Project | – | – | – |
| Support costs | 3,182 | – | 3,183 |
| ──────── | ───────── | ───────── | |
| 45,856 | 157,973 | 203,830 | |
| ════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Employment Services | 61,212 | – | 61,212 |
| Southwark Works | – | 17,900 | 17,900 |
| First Job Initiative | – | 37,812 | 37,812 |
| Post -Supported Internships Project | – | 5,380 | 5,380 |
| LDEA Support | – | 8,750 | 8,750 |
| Greenworks Allotment Project | – | 4,382 | 4,382 |
| Lambeth Older Residents' Project | – | 10,494 | 10,494 |
| Supported Internships | – | 19,063 | 19,063 |
| Lewisham Vulnerable Adults Project | – | 15,000 | 15,000 |
| Lambeth NEET Project | – | 24,253 | 24,253 |
| Support costs | 3,011 | – | 3,011 |
| ──────── | ───────── | ───────── | |
| 64,223 | 143,034 | 207,257 | |
| ════════ | ═════════ | ═════════ |
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
8. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Employment Services | 200,647 | – | 200,647 | 61,212 | |
| Southwark Works | – | – | – | 17,900 | |
| First Job Initiative | – | – | – | 37,812 | |
| Post -Supported Internships Project | – | – | – | 5,380 | |
| LDEA Support | – | – | – | 8,750 | |
| Greenworks Allotment Project | – | – | – | 4,382 | |
| Lambeth Older Residents' Project | – | – | – | 10,494 | |
| Supported Internships | – | – | – | 19,063 | |
| Lewisham Vulnerable Adults Project | – | – | – | 15,000 | |
| Lambeth NEET Project | – | – | – | 24,253 | |
| Governance costs | – | 3,183 | 3,183 | 3,011 | |
| ───────── | ─────── | ───────── | ───────── | ||
| 200,647 | 3,183 | 203,830 | 207,257 | ||
| ═════════ | ═══════ | ═════════ | ═════════ | ||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 676 | 805 | |||
| ════ | ════ | ||||
| 10. | Independent examination fees | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial | statements | 1,750 | 1,750 | ||
| ═══════ | ═══════ | ||||
| 11. | Staff costs | ||||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Wages and salaries | 179,914 | 178,976 | |||
| Employer contributions to pension plans | 3,697 | 3,452 | |||
| ───────── | ───────── | ||||
| 183,611 ═════════ |
182,428 ═════════ |
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TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
11. Staff costs (continued)
The average head count of employees during the year was 8 (2020: 9). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Employment Services | 6 | 7 |
| Administrative staff | 1 | 1 |
| Management staff | 1 | 1 |
| ──── | ──── | |
| 8 | 9 | |
| ════ | ════ |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2020 and 31 March 2021 | 12,533 | 29,468 | 42,001 |
| ════════ | ════════ | ════════ | |
| Depreciation | |||
| At 1 April 2020 | 11,279 | 28,016 | 39,295 |
| Charge for the year | 313 | 363 | 676 |
| ──────── | ──────── | ──────── | |
| At 31 March 2021 | 11,592 | 28,379 | 39,971 |
| ════════ | ════════ | ════════ | |
| Carrying amount | |||
| At 31 March 2021 | 941 | 1,089 | 2,030 |
| ════════ | ════════ | ════════ | |
| At 31 March 2020 | 1,254 ════════ |
1,452 ════════ |
2,706 ════════ |
Tangible assets are being carried forward at their net realisable value.
14. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade debtors | – | 6,003 |
| Prepayments and accrued income | 359 | 359 |
| ──── | ─────── | |
| 359 ════ |
6,362 ═══════ |
- 18 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
15. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 3,729 | 3,734 |
| Social security and other taxes | 3,519 | 3,885 |
| ─────── | ─────── | |
| 7,248 ═══════ |
7,619 ═══════ |
16. Government grants
| The amounts recognised in the financial statements for government grants are as follows: | The amounts recognised in the financial statements for government grants are as follows: | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 4,182 ═══════ |
– ════ |
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 | April 2020 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | ||
| General funds | 23,125 | 88,863 | (45,856) | 66,132 | |
| ════════ | ════════ | ════════ | ════════ | ||
| At | |||||
| At | 31 March 202 | ||||
| 1 | April 2019 | Income | Expenditure | 0 | |
| £ | £ | £ | £ | ||
| General funds | 29,334 ════════ |
58,014 ════════ |
(64,223) ════════ |
23,125 ════════ |
The general unrestricted reserves represents the funds of the charity which are not designated for particular purposes.
- 19 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
17. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 202 | |||
| 1 April 2020 | Income | Expenditure | 1 | |
| £ | £ | £ | £ | |
| Reorganisation & Development Fund | 87,646 | – | – | 87,646 |
| Lambeth NEET Project | – | 49,214 | (24,253) | 24,961 |
| Greenworks Brent Alloment | 2,407 | – | (2,407) | – |
| First Job Initiative | 9,625 | 20,595 | (27,221) | 2,999 |
| Southwark Works | – | 35,000 | (35,000) | – |
| Vulnerable Adults Project | – | 3,000 | (3,000) | – |
| LDEA Support | – | 10,000 | (10,000) | – |
| Lambeth Older Resident's Project | – | 4,550 | (3,413) | 1,137 |
| Post-Supported Internships | – | – | – | – |
| Supported Internships | 13,615 | 32,649 | (32,679) | 13,585 |
| Emotional Support Project | – | 20,000 | (20,000) | – |
| ───────── | ───────── | ───────── | ───────── | |
| 113,293 | 175,008 | (157,973) | 130,328 | |
| ═════════ | ═════════ | ═════════ | ═════════ | |
| At | ||||
| At | 31 March 202 | |||
| 1 April 2019 | Income | Expenditure | 0 | |
| £ | £ | £ | £ | |
| Reorganisation & Development Fund | 87,546 | – | 100 | 87,646 |
| Lambeth NEET Project | – | 24,253 | (24,253) | – |
| Greenworks Brent Alloment | 1,971 | 4,818 | (4,382) | 2,407 |
| First Job Initiative | 9,437 | 38,500 | (38,312) | 9,625 |
| Southwark Works | – | 17,500 | (17,500) | – |
| Vulnerable Adults Project | – | 15,000 | (15,000) | – |
| LDEA Support | 8,750 | – | (8,750) | – |
| Lambeth Older Resident's Project | – | 10,494 | (10,494) | – |
| Post-Supported Internships | 833 | 4,547 | (5,380) | – |
| Supported Internships | – | 32,678 | (19,063) | 13,615 |
| Emotional Support Project | – | – | – | – |
| ───────── | ───────── | ───────── | ───────── | |
| 108,537 ═════════ |
147,790 ═════════ |
(143,034) ═════════ |
113,293 ═════════ |
- 20 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
17. Analysis of charitable funds (continued)
Employment Project
The Main Employment Project is open to anyone between the ages of 16 – 65 residing in the Southwark area. We assist in helping clients to secure employment and provide on-going employment support once clients are in work;
Lambeth NEET Project
A specialised project for Lambeth young people with learning difficulties and disabilities who are not in education, employment or training. The project provides job clubs, vocational counselling, jobs search support, training in literacy and numeracy, work experience placement and on-the-job support.
First Job Initiative Project
The First Job Initiative works with young people between 16-25 who are NEET (Not in Education, Employment or Training), but wish to enter employment;
Lambeth Older Residents' Project
Our work with Lambeth residents supports and concentrates on users over 25 with learning difficulties, disabilities and autism. The project provides support into and whilst in employment.
Emotional Support Project
The Emotional Support Project was essential during Covid-19. The project aimed at working with clients by, supporting them to access financial support, online training and more importantly provided emotional support during this extremely difficult time.
The Greenworks – Brent Allotments
Toucan have on-going gardening projects in the Brent area that offer work placements, horticultural training, healthy eating and fresh produce for our clients – up to 20 people benefit from each of the projects every year.
Workstart
A specialised project for Lewisham and Southwark young people with learning difficulties and disabilities who are not in education, employment or training. The project provides job clubs, vocational counselling, jobs search support, training in literacy and numeracy, work experience placements, employment opportunities, and on-the-job support
Vulnerable Adults Project
The Vulnerable Adults Project works with "vulnerable adults" from the London Boroughs of
- 21 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
17. Analysis of charitable funds (continued)
Southwark and Lambeth residents. We concentrate on residents with learning difficulties and disabilities who are either long-term unemployed, or have never worked. These clients' needs are mild or moderate and this often means that they have slipped through the net, getting little or no additional support at school and in their day-to-day lives; few of them have had social service assessments and so cannot access many of the services and opportunities open to those people with more severe learning difficulties and disabilities. Additionally with a number of local factories and places of employment closing down, we are seeing an influx of vulnerable adults.
LDEAs
Specialist peer-support project. Toucan staff member with learning disabilities supporting other people with learning difficulties/disabilities to enter and maintain employment, especially focusing on young people.
Supported Internships
A specialist project offering young Lewisham residents aged 16-25 the opportunity to experience work within a large employer (Phoenix Housing), while being intensively supported by a Job Coach. This is run in conjunction with Lewisham Council, Lewisham College, and Phoenix Housing.
Post-Support Internships
A specialist project working with those young people who have experienced the Supported Internships Project, and now need additional specialist support to enter, and sustain employment.
Structure Organisational Fund
Following the disposal of the leasehold premises the Trustees decided to set aside £87,536 being the profit made on sale. The funds will be used towards the reorganising and structural development of the project.
- 22 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 2,030 | – | 2,030 |
| Current assets | 71,350 | 130,328 | 201,678 |
| Creditors less than 1 year | (7,248) | – | (7,248) |
| ──────── | ───────── | ───────── | |
| Net assets | 66,132 | 130,328 | 196,460 |
| ════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 2,706 | – | 2,706 |
| Current assets | 28,038 | 113,293 | 141,331 |
| Creditors less than 1 year | (7,619) | – | (7,619) |
| ──────── | ───────── | ───────── | |
| Net assets | 23,125 ════════ |
113,293 ═════════ |
136,418 ═════════ |
19. Post balance sheet events
There are no post balance sheet events to report.
20. Related parties
No director received any remuneration during the year or had any personal interest in any contract or transaction entered into by the company during the year.
21. Transition to FRS 102
The charitable company adopted the SORP (FRS 102) for the first time in the year ended 31st March 2017. The polices applied under the charitable company previous accounting framework are not materially different to FRS102 and have not impacted on funds.
- 23 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Management Information
Year ended 31 March 2021
The following pages do not form part of the financial statements.
- 24 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and Grants | ||
| Tudor Trust | 36,340 | 33,660 |
| City Bridge Trust | 9,625 | 38,500 |
| Vintners' Foundation | 5,000 | – |
| Leathersellers' Company Charitable Fund | 10,000 | 10,000 |
| Give My View | 173 | – |
| Bergman Lehane Trust | 250 | 200 |
| Wakefield & Tetley Trust | – | 5,000 |
| Lloyds Bank Foundation | 33,000 | – |
| Merchant Taylors' Charitable Foundation | 4,900 | 5,000 |
| Mrs Smith and Mount Trust | – | 4,547 |
| Bailey Thomas Charitable Fund | – | 15,000 |
| Unity Works | 35,000 | 17,500 |
| Cafe Van Gogh (ESF) | 1,970 | – |
| The Peter Stebbings Memorial Fund | 10,000 | – |
| London Funders -Wave 3 | 20,000 | – |
| SEGRO Community Fund | – | 4,817 |
| Lewisham College (ESFA) | 32,649 | 32,679 |
| Walcot Foundation | 49,214 | 24,253 |
| 29th May 1961 Charitable Trust | – | 4,000 |
| Grocers' Charity | 4,550 | – |
| Fishmongers' Company's Charitable Trust | 4,000 | – |
| Field Family Charitable Trust | 3,000 | – |
| Lambeth ESF (London Councils/ ESF) | – | 10,494 |
| Government grant income | 4,182 | – |
| ───────── | ───────── | |
| 263,853 | 205,650 | |
| ───────── | ───────── | |
| Investment income | ||
| Bank interest receivable | 19 | 154 |
| ──── | ──── | |
| ───────── | ───────── | |
| Total income | 263,872 | 205,804 |
| ═════════ | ═════════ |
- 25 -
TOUCAN EMPLOYMENT
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 179,914 | 178,976 |
| Pension costs | 3,697 | 3,452 |
| Rent | 7,779 | 11,068 |
| Insurance | 664 | 557 |
| Other motor/travel costs | 955 | 1,233 |
| Legal and professional fees | 3,618 | 3,502 |
| Telephone | 969 | 806 |
| Other office costs | 539 | 1,533 |
| Depreciation | 676 | 805 |
| Stationery & Postage costs | 744 | 723 |
| Staff Development and training | 592 | 719 |
| Website and computer costs | 1,370 | 916 |
| Subscriptions and CRB expenses | 310 | 379 |
| Volunteers expenses | – | 588 |
| Dig it -funds written off as bad debt | 2,003 | 2,000 |
| ───────── | ───────── | |
| 203,830 | 207,257 | |
| ───────── | ───────── | |
| ───────── | ───────── | |
| Total expenditure | 203,830 | 207,257 |
| ═════════ | ═════════ | |
| ───────── | ───────── | |
| Net income/(expenditure) | 60,042 | (1,453) |
| ═════════ | ═════════ |
- 26 -