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|_Organisational_|_Number of_|||
|---|---|---|---|
|_Element_|_Members_|_Key Roles_ &_Responsibilities_||
|Trustees|Seven|•|Ultimate responsibilityfordirecting theaffairs ofthe|
||||charity, and ensuringthat it is solvent, well-run,|
||||manages and assesses risks and is achieving its|
||||charitable status. Members drawnfrom business and|
||||education.|
|National|Thirteen|•|Meets threetimes ayear.|
|Advisory Board||•|Members drawn from supporting businesses,|
||||education, andthe Chief Executive Officer.|
|||•|Full governance calendar in operation.|
|||•|Reviews three-year strategic business plan.|
|||•|Identifies programme issues, lessons learned and|
||||feeds improvements into afluid development process.|
|||•|Issues are raised formally at Board Meetings.|
|||•|Individual members act as advocates forthe charity,|
||||help ensuresupport fromtheirown and other|
||||organisations and support events.|
|Finance|Seven|•|Meets everythree months.|
|Committee||•|Comprises all Trustees|
|||•|Trustees meet foradditional breakfasts.|
|||•|Supports development ofthree-yearstrategic|
||||business plan and annual budgets.|
|||•|Approves management accounts and short-term cash|
||||flow.|
|||•|Develops fundraising targets.|
|||•|Reviews Business Risk Management Matrix.|
##
|_Organisational_|_Number of_|||
|---|---|---|---|
|_Element_|_Members_|_Key Roles_ &_Responsibilities_||
|Scotland|Ten or|•|Meets threetimes a year.|
|Advisory Board|more|•|Comprises members drawn from businesses,|
||||education, government and other stakeholders in|
||||Scotland and the DirectorforScotland.|
|||•|Approves strategic business plan forScotland.|
|||•|Identifies programme issues, lessons learned and|
||||feeds improvements into a fluid development process.|
|||•|Individual members act as advocates forthe charity,|
||||helpensuresupportfromtheirown and other|
||||organisations and support events.|
|||•|Advises on and shares best practicefromwithin|
||||Scotland and ensures there is aforumfor regional|
||||representation.|
|||•|In 2019-20 the Chairmanwas invited to attend the|
||||NationalAdvisory Board.|
|Senior|Seven|•|Meets every month|
|Management||•|Develops strategic three-yearbusiness plan and|
|Team|||annual business plan with detailed targets and|
||||objectives.|
|||•|Comprises Chief Executive Officer, Director For|
||||Scotland, Head of Operations & Engagement-|
||||Scotland, Chief Operating Officer, Directorof|
||||Programmes, Directorof Fundraising & Business|
||||Development & Head of Communications|
|||•|Career Ready has a flat management structure. The|
||||size ofthe SMT reflects different operations in|
||||Scotland and England.|
|||•|Matrix Responsibilities includefunctional responsibility|
||||for internal operations including financial control,|
||||programmes, fundraising and business development.|
|||•|Most have national account management|
||||responsibilities forbusiness supporters.|
|StaffTeam|47 staffat|•|Delivers programme activities.|
||31 March|•|Prepares the budgets, LEO, cash flow forecasts, etc|
||excluding 1||for review by the Finance Committee.|
||contractor|•|Prepares Business Risk Management Matrix andthe|
||||'dashboard' performance review forconsideration.|
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22 November
##
|||**Unrestricted**|**Restricted**|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2021**|**2020**|
||**Notes**|£|£|£|£|
|**INCOME FROM:**||||||
|Donations and legacies||||||
|- IFF transfer|3||||935,919|
|Donations and legacies-other|4|849,154|1,205,985|2,055,139|2,107,399|
|Charitable activities:||||||
|Support given to educational bodies||||||
|to operate CareerAcademies|5|126,091|62,613|188,704|504,935|
|Investments|6|6,226||6,226|7,458|
|Other income|7|159,369||159,369||
|**TOTAL**||1,140,840|1,268,598|2,409,438|3,555,711|
|**EXPENDITURE ON:**||||||
|Raising funds|8|(251,504)||(251,504)|(268,787)|
|Charitable activities:||||||
|Support given to educational bodies||||||
|to operate CareerAcademies|9|(799,667)|(1,639,498)|(2,439,165)|(2,786,558)|
|**TOTAL**||(1,051,171)|(1,639,498)|(2,690,669)|(3,055,345)|
|**NET INCOME**||89,669|(370,900)|(281,231)|500,366|
|Transfer between funds|16|||||
|**NET MOVEMENT IN FUNDS**||89,668|(370,900)|(281,231)|500,366|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||||||
|at 1 April 2020||879,224|502,611|1,381,835|881,469|
|**TOTAL FUNDS CARRIED FORWARD**||||||
|**AT 31 MARCH 2021**|16|968,893|131,711|1,100,604|1,381,835|
|||`-----------------------------`
`-----------------------------`|||-------
-------|
|||**Unrestricted**|**Restricted**|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2020**|**2019**|
||**Notes**|£|£|£|£|
|**INCOME FROM:**||||||
|Donations and legacies||||||
|- IFF transfer|3|935,919||935,919||
|Donations and legacies-other|4|578,204|1,529,195|2,107,399|2,356,808|
|Charitable activities:||||||
|Support given to educational bodies||||||
|to operate CareerAcademies|5|137,758|367,177|504,935|454,787|
|Investments|6|7,458||7,458|1,434|
|**TOTAL**||1,659,339|1,896,372|3,555,711|2,813,029|
|**EXPENDITURE ON:**||||||
|Raising funds|8|(268,787)||(268,787)|(219,467)|
|Charitable activities:||||||
|Support given to educational bodies||||||
|to operate CareerAcademies|9|(697,691)|(2,088,867)|(2,786,558)|(2,563,886)|
|**TOTAL**||(966,478)|(2,088,867)|(3,055,345)|(2,783,353)|
|**NET INCOME**||692,861|(192,495)|500,366|29,676|
|Transfer between funds|16|(2,360)|2,360|||
|**NET MOVEMENT IN FUNDS**||690,501|(190,135)|500,366|29,676|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||||||
|at 1 April 2019||188,723|692,746|881,469|851,793|
|**TOTAL FUNDS CARRIED FORWARD**||||||
|**AT 31 MARCH 2020**|16|879,224|502,611|1,381,835|881,469|
|||`-----------------------------`|||-------
-------|
##
|||**2021**|**2020**|
|---|---|---|---|
||**Notes**|£|£|
|**FIXED ASSETS**||||
|Tangible assets|13|1,150|1,438|
|**CURRENT ASSETS**||||
|Debtors|14|294,278|636,041|
|Cash at bank and in hand||1,121,789|1,110,183|
|||1,416,067|1,746,224|
|**LIABILITIES**||||
|Creditors: Amounts falling due within one year|15|(316,613)|(365,827)|
|**NET CURRENT ASSETS**||1,099,454|1,380,397|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||||
|& **NET ASSETS**||1,100,604|1,381,835|
|**THE FUNDS OF THE CHARITY**||||
|Restricted income funds|16|131,711|502,611|
|Unrestricted income funds|16|968,893|879,224|
|**TOTAL CHARITY FUNDS**|17|1,100,604|1,381,835|
##
|||**2021**|**2020**|
|---|---|---|---|
||**Notes**|£|£|
|**CASH FLOWS FROM OPERATING ACTIVITIES:**||||
|Net cash provided by operating activities|18|5,380|441,545|
|**CASH FLOWS FROM INVESTING ACTIVITIES:**||||
|Dividends, interest, and rents from investments||6,226|7,458|
|Net cash provided by investing activities||6,226|7,458|
|**CHANGE IN CASH AND CASH EQUIVALENTS**||||
|IN THE **REPORTING PERIOD**||11,606|449,003|
|Cash and cash equivalents at the beginning ofthe||||
|reporting period||1,110,183|661,180|
|**CASH AND CASH EQUIVALENTS AT THE END**||||
|**OF THE REPORTING PERIOD**|19|1,121,789|1,11 O,183|
|||`========`|--------
--------|
##
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##
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**`2021`**|**`2020`**|
|||£|£|£|£|
||Donations from funders|662,319|1,205,985|1,868,304|1,955,078|
||Donations in kind|186,835||186,835|152,321|
|||849,154|1,205,985|2,055,139|2,107,399|
|||`------------------------------`|||-------|
|||`------------------------------`|||-------|
|5.|**INCOME FROM SUPPORT GIVEN**|**Unrestricted**|**Restricted**|**Total**|**Total**|
||**TO EDUCATIONAL BODIES TO**|**funds**|**funds**|**`2021`**|**`2020`**|
||**OPERATE CAREER ACADEMIES**|£|£|£|£|
||Schools and colleges|118,150||118,150|103,517|
||Public sectorfunding||46,820|46,820|184,727|
||Other supporters|7,941|15,793|23,734|216,691|
|||126,091|62,613|188,704|504,935|
|||`------------------------------`
`------------------------------`|||=======|
|6.|**INVESTMENTS**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**`2021`**|**`2020`**|
|||£|£|£|£|
||Bank interest receivable on|||||
||short term cash deposits|6,226||6,226|7,458|
|||`------------------------------`|||=======|
||||_UKCAF 2020/21 _||_Annual Report_|
##
|7.|**OTHER INCOME**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**`2021`**|**`2020`**|
|||£|£|£|£|
||Coronavirus Job Retention Scheme|159,369||159,369||
|||`------------------------------`|||=======|
|8.|**RAISING FUNDS**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**`2021`**|**`2020`**|
|||£|£|£|£|
||Staffcosts (see note 10)|200,163||200,163|194,874|
||Support costs (see note 11)|51,341||51,341|73,913|
|||251,504||251,504|268,787|
||||||-------|
|||`------------------------------`|||-------|
|9.|**COSTS OF SUPPORT GIVEN**|**Unrestricted**|**Restricted**|**Total**|**Total**|
||**TO EDUCATIONAL BODIES TO**|**funds**|**funds**|**`2021`**|**`2020`**|
||**OPERATE CAREER ACADEMIES**|£|£|£|£|
||Direct costs:|||||
||Student placements||481|481|164,571|
||Student travel||||5,832|
||Grant funding provided||||42,000|
||Bursaries and awards|7,382|27,918|35,300|45,389|
||Event costs|2,974|42,357|45,331|97,540|
||Printing and publications|4,919|12,469|17,388|12,407|
||Video production||||3,961|
||Marketing and public relations|1,901||1,901|9,385|
||Subscriptions|2,146|(207)|1,939|2,190|
||Travel and subsistence|314|353|667|79,721|
||Staffwelfare||||75|
||Website and internet costs|92,621|**46**|92,667|118,425|
||Bank charges|3,046||3,046|4,962|
||Bad debt||||9,044|
||Indirect costs:|||||
||Insurance|3,653||3,653|5,742|
||Staffcosts (see note 10)|476,418|1,531,713|2,008,131|1,936,434|
||Support costs (see note 11)|122,201|24,368|146,569|164,317|
||Governance costs (see note 12)|82,092||82,092|84,563|
|||799,667|1,639,498|2,439,165|2,786,558|
|||`------------------------------`|||-------
-------|
##
|10.|**STAFF COSTS**||**2021**|**2020**|
|---|---|---|---|---|
||The average monthly numberof persons working with the charitable||No.|No.|
||company (excluding Trustees) during the yearwas:||||
||Employed||53|51|
||||----|----|
||||£|£|
||Staff costs forthe above persons:||||
||Wages and salaries|1,931,361||1,856,734|
||Temporary staff costs||27,425|31,224|
||Social security costs||191,199|190,327|
||Health and other pension costs||104,741|95,395|
|||2,254,726||2,173,680|
||||-------|-------|
||||-------|-------|
||Staff costs are allocated in the financial statements, as follows:||||
||Costs of generating voluntary income||||
||_- specific staff_||200,163|194,874|
||Support given to educational bodies to operate CareerAcademies||||
||Unrestricted funds-_balance of staffcosts_||476,418|353,373|
||Restricted funds-_based on specific staffactivity_|1,531,713||1,583,061|
||Governance costs||||
||_- based on specific staffactivity_||46,432|42,372|
|||2,254,726||2,173,680|
|||-------
-------||-------
-------|
##
##
|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|The charity is also reliant upon donated services provided by its wide range of business and|
|---|---|---|---|---|---|---|---|
|education supporters, and those donated services which can be quantified are|||||||recognised|
|in the financial statements as donations in kind.||||||||
|**SUPPORT COSTS**|||**Support**|||||
|||**given to educational**||||||
|||**bodies **|**to **|**operate**||||
|||**Career Academies**||||||
||**Raising**|Unrestricted|Restricted||**Governance**|**Total**|**Total**|
||**funds**|funds||funds|**costs**|**2021**|**2020**|
||£|£||£|£|£|£|
|Accommodation||||||||
|costs:||||||||
|Based on staff||||||||
|activity|27,500|65,456|||6,380|99,336|101,783|
|Othercosts:||||||||
|Specifically||||||||
|allocated||||24,368||**24,368**|**39,442**|
|Based on staff||||||||
|activity|23,761|56,555|||5,512|85,828|112,717|
|Depreciation:||||||||
|Owned assets|80|190|||18|**288**|360|
||51,341|122,201||**24,368**|11,910|209,820|**254,302**|
||`---------------------------------------------`||||||`======`|
##
|12.|**GOVERNANCE COSTS**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**`2021`**|**`2020`**|
|||£|£|£|£|
||Staffcosts (see note 10)|46,432||46,432|42,372|
||Support costs (see note 11)|11,910||11,910|16,072|
||Auditor's remuneration:|||||
||Accountancy and advisory|8,500||8,500|13,119|
||Audit fees|15,250||15,250|13,000|
|||82,092||82,092|84,563|
||||||------|
|||`------------------------------`|||------|
|13.|**TANGIBLE ASSETS**||||**Office**|
||||||**equipment**|
||||||£|
||Cost:|||||
||1April 2020 and 31 March 2021||||10,550|
||Depreciation:|||||
||1 April 2020||||9,112|
||Charge in the year||||288|
||31 March 2021||||9,400|
||Net book value:|||||
||31 March 2021||||1,150|
||||||------|
||||||------|
||31 March 2020||||1,438|
||||||------|
||||||------|
|14.|**DEBTORS**|||**`2021`**|**`2020`**|
|||||£|£|
||Amounts falling due within one year:|||||
||Trade debtors|||159,210|228,064|
||Otherdebtors|||1,055||
||Prepayments and accrued income|||134,013|407,977|
|||||294,278|636,041|
|||||`=======`|-------
-------|
##
|15.|**CREDITORS**|**2021**|**2020**|
|---|---|---|---|
|||£|£|
||Amounts falling due within one year:|||
||Trade creditors|52,743|61,198|
||Othertaxes and social security costs|57,523|51,977|
||Pension contributions payable|13,843|25,474|
||Accruals|25,331|20,088|
||Deferred income|167,173|207,090|
|||316,613|365,827|
|||-------
-------|-------
-------|
|Deferred income relates to funding received in advance for|||
|---|---|---|
|specific future projects where performance criteria forentitlement|||
|have not yet been met:|||
|Deferred income brought forward|207,090|83,000|
|Deferred income released to the statement offinancial activities|(183,000)|(83,000)|
|Income received in advance during the period|143,083|207,090|
|Deferred income carried forward|167,173|207,090|
||-------
-------|=======|
##
|||||**Transfers**||
|---|---|---|---|---|---|
||**1 April**|||**between**|**31 March**|
||**2020**|**Income**|**Expenditure**|**funds**|**2021**|
||£|£|£|£|£|
|**Restricted income funds:**||||||
|Awards Fund|1,776|17,993|(16,107)||3,662|
|Employability ForAll||||||
|Fund|237,249|774,157|(932,811)||78,595|
|Scotland Fund|121,502|360,948|(454,596)||27,854|
|STEM Fund|80,758|75,000|(141,800)||13,958|
|Think Logistics Fund|61,326|40,500|(94,184)||7,642|
||502,611|1,268,598|(1,639,498)||131,711|
|**Unrestricted income**||||||
|**funds:**||||||
|General Fund|411,799|1,140,840|(973,215)||579,424|
|IFF Designated Fund|467,425||(77,956)||389,469|
||879,224|1,140,840|(1,051,171)||968,893|
||1,381,835|2,409,438|(2,690,669)||1,100,604|
||-------
-------|-------
-------|-------
-------|------
------|-------
-------|
##
##
|||||**Transfers**||
|---|---|---|---|---|---|
||**1 April**|||**between**|**31 March**|
||**2019**|**Income**|**Expenditure**|**funds**|**2020**|
||£|£|£|£|£|
|**Restricted income funds:**||||||
|Awards Fund|10,462|54,822|(63,508)||1,776|
|Employability ForAll||||||
|Fund|339,959|1,061,310|(1,165,272)|1,252|237,249|
|Parents Project Fund|21,329|10,000|(31,329)|||
|Health Education England||||||
|Fund|7,033||(7,033)|||
|Student Placements Fund||157,538|(157,538)|||
|Scotland Fund|112,647|502,752|(493,897)||121,502|
|STEM Fund|119,953|24,000|(64,303)|1,108|80,758|
|Think Logistics Fund|81,363|85,950|(105,987)||61,326|
||692,746|1,896,372|(2,088,867)|2,360|502,611|
|**Unrestricted income**||||||
|**funds:**||||||
|General Fund|188,723|723,420|(497,984)|(2,360)|411,799|
|IFF Designated Fund||935,919|(468,494)||467,425|
||188,723|1,659,339|(966,478)|(2,360)|879,224|
||881,469|3,555,711|(3,055,345)|-|1,381,835|
||-------
-------|=======|-------
-------|------
------|=======|
##
||**Fixed**|**Current**|**Current**||
|---|---|---|---|---|
||**assets**|**assets**|**liabilities**|**Total**|
|**As at 31 March 2021:**|£|£|£|£|
|**Restricted income funds:**|||||
|Awards Fund||3,662||3,662|
|Employability ForAll Fund||78,595||78,595|
|Scotland Fund||27,854||27,854|
|STEM Fund||13,958||13,958|
|Think Logistics Fund||7,642||7,642|
|**Unrestricted income funds:**|||||
|General Fund|1,150|894,887|(316,613)|**579,424**|
|IFF Designated Fund||389,469||389,469|
|**NET ASSETS**|1,150|1,416,067|(316,613)|1,100,604|
||------|-------|------|-------|
||------|-------|------|-------|
||**Fixed**|**Current**|**Current**||
||**assets**|**assets**|**liabilities**|**Total**|
|**As at 31 March 2020:**|£|£|£|£|
|**Restricted income funds:**|||||
|Awards Fund||1,776||1,776|
|Employability ForAll Fund||237,249||237,249|
|Scotland Fund||121,502||121,502|
|STEM Fund||80,758||80,758|
|Think Logistics Fund||61,326||61,326|
|**Unrestricted income funds:**|||||
|General Fund|1,438|776,188|(365,827)|411,799|
|IFF Designated Fund||467,425||467,425|
|**NET ASSETS**|1,438|1,746,224|(365,827)|1,381,835|
||------
------|-------
-------|------
------|-------
-------|
##
|18.|**RECONCILIATION OF NET {EXPENDITURE)/INCOME TO**|**`2021`**|**`2020`**|
|---|---|---|---|
||**NET CASH PROVIDED BY OPERATING ACTIVITIES**|£|£|
||Net (expenditure)/income forthe reporting period|(281,231)|500,366|
||Adjustments for:|||
||Dividends, interest, and rents from investments|(6,226)|(7,458)|
||Depreciation charges|288|360|
||Decrease/(increase) in debtors|341,763|(188,396)|
||(Decrease)/increase in creditors|(49,214)|136,673|
||Net cash generated from operating activities|5,380|441,545|
|||-------
-------|`=======`|
|19.|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|**`2021`**|**`2020`**|
|||£|£|
||Cash at bank and in hand|1,121,789|1,110,183|
||||-------|
|||=======|-------|
##
##
##