OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

TWICS (Training for Work in Communities)

A REGISTERED CHARITY

DIRECTORS’ AND TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

A company limited by Guarantee and not having a Share Capital

Company No. 3863035 Charity No. 1085977

Page 1

TWICS (Training for Work in Communities)

Contents Page
Legal and Administrative information 2
Report of the Management Committee 3-8
Independent examiner's report on the accounts 9-10
Statement of Financial Activities 11
Balance Sheet 12
Notes forming part of the Financial Statements 13-23

Page 2

TWICS (Training for Work in Communities)

Report of the Trustees & Directors (Management Committee) for the year ended 31st March 2021

The Trustees and Directors (Management Committee) present their report and financial statements for the year ended 31st March 2021

Reference & Administrative Information

Charity name: TWICS (Training for Work in Communities) Charity registration number: 1085977 Company registration number: 03863035 Registered office: Swaythling Neighbourhood Centre Hampton Park Way Swaythling Southampton SO17 3AT

Trustees and Directors (Management Committee)

Mike Page Chair Margaret Kelsey Treasurer Vilma M Scott Carol Dukes Patricia O’Dell Bridget Goom

Secretary Iane Chambers

Accountants: T D Gregory, 237 Manor Farm Road, Bitterne Park, Southampton, SO18 1NY

Bankers:

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

Solicitors: Malcolm Leatherdale, Dolphin House, St Peter Street, Winchester, S023 8BW

Page 3

TWICS (Training for Work in Communities)

Structure Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 21st October 1999 and registered as a charity on 21st October 1999. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of Trustees & Directors (Management Committee)

The Directors of the Company are also the Charity trustees for the purposes of Charity law and under the Company's Articles are known as members of the Management Committee. Under the requirement of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting.

The Management Committee seeks to ensure that it is both representative of our stakeholders and has the expertise to manage the charity efficiently and effectively. Trustees have considerable management experience in the field of education.

Trustees Induction and Training

Most Trustees are familiar with the work of the charity having been drawn from stakeholders in our particular area of work.

Additionally all new trustees are given a 'Trustees Induction Pack' with necessary information for example,

New Trustees are also encouraged to visit the office and meet the staff and to arrange to meet with the Chair or other experienced trustees to answer any questions.

Page 4

TWICS (Training for Work in Communities)

Risk Management

The Trustees & Directors (Management Committee) have conducted a review of the major risks to which the charity is exposed. A risk assessment has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.

Procedures are in place to ensure compliance with health and safety of staff, volunteers, and participants on training courses, contractors and visitors to the project. A consistent quality of delivery of the service is also ensured through implementation of the National Occupational Standards for Community Development Work. In addition we annually undertake our own self-assessment report (SAR) based on the quality assurance requirements of Southampton City Council.

Organisational Structure

TWICS has a Management Committee that meets approximately six weekly that is responsible for the strategic direction and policy of the charity. At present the Committee has six members from a variety of professional backgrounds relevant to the work of the charity. Representatives from the local authority are able to attend committee meetings but have no voting rights.

A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the TWICS Manager. The Manager is responsible for ensuring that the charity delivers the services specified and those objectives are met. She also has responsibility for the day to day operational management of the organisation, individual supervision of the staff team and for ensuring that the team continues to develop their skills and working practices in line with good practice. The Training Coordinator has responsibility for ensuring that TWICS has a timely and appropriate training programme in place that aims to meet the learner targets set by our funders

Page 5

TWICS (Training for Work in Communities)

Mission Statement

“Empowering people to take an active role in their communities through encouragement, advice and training”

TWICS work is primarily targeted at groups and communities that are most disadvantaged and have the least access to other training opportunities.

What we aim to do:

TWICS is a member of NCVO.

Main activities of the year focused on:

Page 6

TWICS (Training for Work in Communities)

Achievement and Performance

TWICS has run a people’s Health Trust funded community gardening project.

TWICS has also worked in Partnership with Big Local to support the Big Local Steering Group. TWICS employed and supported three Big Local workers. We have organised a series of Big Local community events and supported residents to create a Mosaic trail.

We have continued work under the Adult and Community Learning Tender and in all we have provided learning opportunities to over 500 learners.

We have been working as part of the SO:Linked contract delivering community development activities and advice throughout the city.

Some examples of other projects we have been involved with are:

Within the constraints arising from the Covid-19 pandemic, we have continued to offer education and support online as negotiated with our funding partners.

Outreach

Outreach, both to promote learning opportunities, particularly to harder to reach groups including to people with learning disabilities, but also to discover new and evolving training needs has continued to be an important part of our work. Over the year we have visited a wide range of groups and attended many to promote our services.

Funding

This year our principal funding sources have been Southampton City Council, Big Local and commissioned work.

Page 7

TWICS (Training for Work in Communities)

Reserves Policy

It is the policy of the Trustees & Directors (Management Committee) to keep a minimum of £30,000 in reserves to cover staff and general running costs. This is sufficient to meet running costs of the charity and core staff costs for three months.

Plans for Future Periods

TWICS plans to continue the activities outlined above in the forthcoming years.

Responsibilities of the Management Committee

Company law requires the Trustees & Directors (Management Committee) to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and:

The Management Committee is responsible for maintaining proper accounting records which disclose accurately 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 1985. The Management Committee is also responsible for safeguarding the assets of the charity company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Trustees & Directors (Management Committee)

Members of the Trustees & Directors (Management Committee), who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2 of this report

Accountants

T D Gregory was appointed as accountants and has expressed their willingness to continue in that capacity.

Page 8

TWICS (Training for Work in Communities)

The trustees, in their capacity as directors, state that the accounts have been prepared in accordance with the special provisions relating to small companies under s477 of the Companies Act 2006.

Approved by the Management Committee and signed on its behalf by:

Director

Date:

Page 9

TWICS (Training for Work in Communities)

Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 31 March 2021

I report on the financial statements of the Charity for the year ended 31st March 2021, which are set out on pages 11 to 23.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Page 10

TWICS (Training for Work in Communities)

Independent Examiner's Statement, report and opinion

In connection with my examination, no matter has come to my attention to indicate that:

• any matter which the examiner believes should be drawn to the attention of the reader to gain a • any matter which the examiner believes should be drawn to the attention of the reader to gain a
proper understanding of the accounts.
Signed: ___ Date: ___
Name: Andrew Nicholas CPFA, MAAT
Professional Body: Chartered Institute of Public Finance Accountants
Association of Accounting Technicians
Address: T D Gregory
237 Manor Farm Road
Bitterne Park
Southampton
Hampshire
SO18 1NY

Page 11

TWICS (Training for Work in Communities)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2021

Unrestricted
Funds
Note
2021
Incoming Resources
£
Income resources from
generated funds:
Voluntary Income:
Donations and Grants
2
42,519
Donated Services
-
Activities for generating funds
Bank interest
97
Incoming resources from
charitable activities:
Grants and Contracts
3
19,898
Total incoming resources
62,514
Resources Expended
4
Costs of generating funds
3,284
Charitable activities
50,004
Governance Costs
8,845
Total resources expended
62,133
Services supplied to
restricted funds
5
(19,103)
-
43,030
Net incoming resources before
other recognised gains
19,484
Reconciliation of funds
Total funds brought forward
48,943
Total funds carried forward
68,427
Transfer of balances where
obligations have been discharged
or elapsed		 Restricted
Funds
2021
£
-
-
-
110,690
110,690
-
100,561
-
100,561
19,103
-
119,664
(8,974)
23,688
14,714		 2021
2020
£
£
42,519
42,494
-
-
97
85
130,588
149,127
173,204
191,706
3,284
3,513
150,565
173,557
8,845
8,999
162,694
186,069
-
-
-
-
162,694
186,069
10,510
5,637
72,631
66,994
83,141
72,631
Total Funds

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 13 to 23 form part of these accounts.

Page 12

TWICS (Training for Work in Communities)

Company No. 3863035

Balance Sheet at 31 March 2021

Note
Fixed assets:
Tangible assets
10
Current assets:
Debtors
11
Cash at bank and
in hand
Creditors: amounts falling
due within one year
12
Net current assets
Net assets
Represented by:
Unrestricted funds
Restricted funds
Total funds
13		 £
£
-
6,134
106,336
112,470
29,329
83,141
83,141
68,427
14,714
83,141
2021		 £
£
-
5,856
114,760
120,616
47,985
72,631
72,631
48,943
23,688
72,631
2020

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the board of directors and trustees on _______ and signed on its behalf by:

Director and Trustee

The notes on pages 13 to 23 form part of these accounts.

Page 13

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

1. Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.

Incoming resources

Income represents grants and donations receivable and local & health authority funding.

Page 14

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Government grants

The charity has received no government grants in the reporting period.

Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified

Page 15

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

Contractual income and performance related grants

This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Any management expense element of cost plus grants is treated as unrestricted income.

Donated goods

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated services and facilities

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Support costs

The charity has incurred expenditure on support costs.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Page 16

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services not as income from charitable activities.

Settlement of insurance claims

Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.

Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 17

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

Page 18

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

ASSETS

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £100.

They are valued at cost and reported on the balance sheet at cost less depreciation.

Intangible fixed assets

The charity has no intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights.

Heritage assets

The charity has no heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture.

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Page 19

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

2. Donations and Grants

Unrestricted
2021
£
Southampton City Council (SCC)
28,366
Donations
10,000
CJRS Grants
4,153
42,519		 Restricted
2021
£
-
-
-
-		 2021
2020
£
£
28,366
39,994
10,000
2,500
4,153
-
42,519
42,494
Total

3. Incoming resources from activities to further the charity's objects

Unrestricted
2021
Project
£
Avenue St Andrews
-
BIG Local
-
Course Fees
1,500
Other
398
Bank interest
97
Peoples Health Trust
-
Peoples Health Trust Mosaic
-
SO:Linked
18,000
19,995		 Restricted
2021
£
9,968
94,971
-
(62)
-
5,813
-
-
110,690		 2021
2020
£
£
9,968
12,203
94,971
109,327
1,500
300
336
1,474
97
-
5,813
16,823
-
-
18,000
9,000
130,685
149,127
Total

Page 20

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

4. Total resources expended

Basis
Staff costs
Note 8
Time
Tutors and assessors Note 8
Direct
Accreditation
Direct
Other course costs
Direct
Travel
Estimate
Premises
Activity
Communications
Estimate
Staff training
Direct
Accountancy/Professional
Direct
Office administration
Floor Area
Bad debts
Direct
Other Expenses
Direct
Depreciation
Direct		 Cost of
Cost of
TWICS
generating
activities
Governance
2021
2020
funds £
£
£
£
£
3,284
79,627
7,801
90,712
97,053
-
4,157
-
4,157
13,937
-
-
-
-
396
-
2,915
-
2,915
21,536
-
-
-
-
-
-
7,943
1,044
8,987
21,229
-
-
-
-
-
-
1,205
-
1,205
2,420
-
1,838
-
1,838
2,038
-
13,035
-
13,035
5,444
-
-
-
-
-
-
39,845
-
39,845
22,016
-
-
-
-
-
3,284
150,565
8,845
162,694
186,069
Total

5. Services supplied to restricted funds

This represents the allocation of costs supplied by the charity to specific projects within restricted funds.

6. Matching funding to restricted funds

This represents the monetary value of services that could not be claimed against restricted funds due to either absence of external match funding or excessive costs.

Page 21

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

7. Net income for the year

----- Start of picture text -----
|||| |---|---|---| |Total| |2021|2020| |This is stated after charging:|£|£| |-|-| |Depreciation| |Directors and trustees remuneration|-|-| |Accountancy fees|600|600| |-|-| |The directors and trustees received expenses during the year of|

----- End of picture text -----

8. Staff costs and numbers

----- Start of picture text -----
|||| |---|---|---| |Total| |2021|2020| |Staff costs were as follows:|£|£| |Salaries and wages|90,075|101,894| |Social security costs|1,350|5,167| |Pension contributions|3,444|3,929| |94,869|110,990|

----- End of picture text -----

No employee received emoluments of more than £50,000. The average weekly number of employees during the year was:

----- Start of picture text -----
|||| |---|---|---| |Average| |2021|2020| |No.|No.| |Directors|5|5| |Training and development|8|9| |13|14|

----- End of picture text -----

9. Taxation

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

Page 22

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

10. Tangible fixed assets
Cost:
At 1st April 2019
Additions
At 31st March 2020
Depreciation:
At 1st April 2019
Charge for year
At 31st March 2020
Net Book Value:
At 1st April 2019
At 31st March 2020		 Office
Equipment
£
24,855
-
24,855
24,855
-
24,855
-
-

11. Debtors

Contract income invoiced
Uninvoiced work
Other debtors and prepayments
rs: amounts falling due within one year
Social security and other taxation
Other creditors, accruals and deferred income		 2021
2020
£
£
-
-
-
-
6,134
5,856
6,134
5,856
2021
2020
£
£
1,241
1,158
28,088
46,827
29,329
47,985
Total
Total

12. Creditors: amounts falling due within one year

Page 23

TWICS (Training for Work in Communities)

Notes to the accounts for the year ended 31 March 2021

(continued)

13. Analysis of net assets between funds

Unrestricted
2021
£
Tangible fixed assets
-
Debtors
6,134
Cash at bank and in hand
63,534
Creditors:
(1,241)
68,427
amounts falling due
within one year		 Restricted
2021
£
-
-
42,802
(28,088)
14,714		 Total
2021
£
-
6,134
106,336
(29,329)
83,141

14. Related parties

No amounts were paid to directors and trustees for tutorial and consultant services provided to the charity.