##
|Contents|||
|---|---|---|
|Reference and Administrative|Details|1-3|
|Trustees Annual
Report||4-20|
|Independent
Auditor's
Report||21-24|
|Statement of Financial Activities||25|
|Statement of Financial Position||26|
|Statement ofcash flows||27|
|Notes tothe financial statements||28-39|
##
|Administrative|Administrative|Administrative|details|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered||Name|||The Albert Kennedy||Trust|||||
|Charity Number|||||1093815|||||||
|Company||Number|||A company
limited||by guarantee||incorporated|in|England|
||||||(No 04494989) and||governed|by|its memorandum||and|
||||||articles ofassociation.|||||||
|Principal|and||Registered|Office:|19-20Parr Street|||||||
||||||London|||||||
||||||N1 7GW|||||||
|Founder|Patron||||Cath
RJohnson|MBE||||||
|Patrons|||||Sir lan McKellen|||||||
||||||Charlie Condou|||||||
||||||Claire Harvey|||||||
||||||Dan Gillespie Sells|||||||
||||||Daniel Winterfeldt|||||||
||||||Heather Peace|||||||
||||||Henry
Holland|||||||
||||||Jake Graf|||||||
||||||Phyll Opoku-Gyimah|||||||
||||||Russell Tovey|||||||
||||||Suki Sandhu|||||||
||||||Simon Callow (retired August|||2021)||||
||||||Stephen
KAmos|||||||
|Ambassadors|||||Baroness Barker|||||||
||||||Lord Norton of Louth|||||||
||||||Kate Green MP|||||||
||||||Christopher
Leader|||||||
||||||Matt Cain|||||||
||||||Chris Attwood|||||||
|Young Ambassadors|||||Sam|||||||
|(surnames||omitted for safeguarding)|||Joel|||||||
||||||Robyn|||||||
||||||Emily|||||||
||||||Prime|||||||
||||||Liz|||||||
##
|Board ofTrustees|||Terry Stacy MBE, Chair ofTrustees|Terry Stacy MBE, Chair ofTrustees|Terry Stacy MBE, Chair ofTrustees|||||
|---|---|---|---|---|---|---|---|---|---|
||||Susan Eastoe, Vice Chair|||||||
||||Robert Malcomson,
Treasurer|||||||
||||Amy Prendergast
(appointed||30January||2021)|||
||||Asad Dhunna|||||||
||||Colin Douglas (appointed
22|May 2021)||||||
||||Faz Bukhari (appointed
BJuly||2020)|||||
||||Helen Johnston|||||||
||||Lee Beattie (appointed
22 May 2021)|||||||
||||Lesley Brook (resigned
2 April||2020)|||||
||||Martin Collett|||||||
||||Matthew
Campion|||||||
||||Matthew
Haworth|||||||
||||Paul Bates (resigned 14July 2021)|||||||
||||Richard
Bayly (resigned
2 April 2020)|||||||
||||Richard
Macmillan|||||||
||||Sally Hill (resigned 14July 2021)|||||||
||||Stephanie
Dittmer|||||||
||||Thomas
Flynn|||||||
||||Yoni Ejo (appointed
30January 2021)|||||||
|Key Management|Personnel||Chief Executive: Tim Sigsworth||MBE|||||
||||Deputy Chief Executive: Carrie Reiners|||||||
||||Director ofCommunications|and Campaigns:||||Kevin Leonce||
||||(joined July 2021),Matt Horwood|||(left August||2021)||
||||Director of Finance: Joanne McKenna|||||||
||||Director ofServices: Lucy Bowyer|||||||
||||Assistant
Director ofServices:||Hayley Speed|||||
||||Assistant
Director of People,|Performance|||and Culture:||Hannah|
||||Taylor|||||||
|Company Secretary|||Richard
Macmillan|||||||
|Services Committee|||Yoni Ejo, Chair|||||||
||||Martin Collett|||||||
||||Helen Johnston|||||||
||||Terry Stacy|||||||
||||Faz Bukhari|||||||
||||Tabz O' Brien (lay member)|||||||
|Finance and Fundraising||Committee|Tom Flynn, Chair|||||||
||||Rob Malcomson,
Treasurer|||||||
||||Stephanie
Dittmer|||||||
||||Matt Campion|||||||
||||Will Connolly
(lay member)|||||||
||||Sam Williams
(lay member)|||||||
##
|Governance|and|Risk Committee|Richard
Macmillan,|Richard
Macmillan,|Chair|
|---|---|---|---|---|---|
||||Terry Stacy|||
||||Martin Collett|||
||||Faz Bukhari|||
||||Asad Dhunna|||
||||Amy Prendergast|||
||||Eve Berteen (lay|member)||
|Communications||Committee|Susan Eastoe, Chair|||
||||Colin Douglas|||
||||Lee Beattie|||
||||Rafay Agha (lay member)|||
||||Alim Kheraj (lay|member)||
||||Helen Scott (lay|member)||
||||Tereza Litsa (lay|member)||
||||Nicola Miller (lay member)|||
|Business Advisory||Group|Martin Collett, Chair|||
||||Matt Campion|||
||||Terry Stacy|||
||||Mark Edel-Hunt|(lay|member)|
||||Ste Dunn (lay member)|||
|Bankers|||CAF Bank|||
||||Kings
Hill Avenue|||
||||Kings
Hill|||
||||West Mailing|||
||||Kent|||
||||ME194JQ|||
||||Co-operative
Bank|||
||||1Balloon Street|||
||||Manchester|||
||||M60 4EP|||
|External Auditor|||Beever and Struthers|||
||||StGeorge's House|||
||||215-219Chester|Road||
||||Manchester|||
||||M15 4JE|||
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|Bloomberg||||||Jeffries||||
|---|---|---|---|---|---|---|---|---|---|
|Brookfield Properties||||||Johnson
and Johnson||||
|Burberry||||||Marks and Spencer||||
|Corptel||||||Microsoft Globa
I||||
|Deckers Europe
Ltd||||||Morrison
Foerster||||
|Depop||||||Proctor and Gamble||||
|Direct Line||||||Ted Baker||||
|Dr Martens||||||Tesco||||
|Ebay||||||The Alchemist||||
|il
in
L||K||||niv
r
I M
i
r|i|n||
|Harry's Shave Club||||||Victoria Beckham
Ltd||||
|Invesco||||||||||
|CAF Resilience
Fund||||||London
Hostel Association||||
|City Bridge Trust||||||MRG Prudential
Community|||Fund|
|Clarion Futures||||||Manchester
City Council||||
|Coach Foundation||||||MariaMarina
Foundation||||
|Community
Foundation||for TWIN||||Morrisons
Foundation||||
|David 5 Ruth Lewis|Family||Charitable||Trust|National
Lottery Community|||Fund|
|Emma nue
I Kaye Foundation||||||Paul Cottingham
Trust||||
|Garfield Weston Foundation||||||Quartet
Community
Foundation||||
|Global Make Some|Noise|||||RISE Active Partnership||||
|Henry Smith Charity||||||The Ballinger Charitable|Trust|||
|Hyatt Community
Grants|||Fund|||The Evan Cornish
Foundation||||
|Kleinwort
Hambros|Trust|||||The Goldsmiths'
Company||Charity||
|LandAid
Charitable|Trust|||||The Krietman
Foundation||||
|LGBT+ Futures
Fund||||||The Pret Foundation||||
|London Community|Response|||Fund||Trust for London||||
|London Homeless
Collective||||||We Love Manchester||||
|16-25 Independent|People|Interlaw|Diversity|Network|Network|
|---|---|---|---|---|---|
|42"'Street||Linklaters||||
|Baker McKenzie||Mayer|Brown|||
|Corptel||Norton|Rose Fulbright|||
|Caring
in Bristol||Off the|Record/Freedom||Youth Project|
|Ebay||Uber||||
|Hummingbird
Bakery||Universal
Music||||
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##
|he focus across t|he organi|sation|in 2021/22 is as follows:||
|---|---|---|---|---|
|Business||~|Complete
and implement
strategy for 2022-27||
|Development||~|Develop a framework
for measuring
social value||
|||~|Begin multi-year
budget
planning||
|||~|Board recruitment:
chair and vice chair||
|||~|Crisis and business
continuity
planning
for key risks||
|||~|Move into new service centres
in Newcastle
and Southwest||
|||~|Implement
digital transformation
plan: phase 1||
|||~|Introduce
an EDI strategy||
|||~|Carry out ajob role and pay evaluation
exercise||
|Service Development||~|Complete
a review of housing
options with external consultants||
|||~|Launch
Purple Door Manchester||
|||~|Youth engagement
programme:
forward
plan||
|||~|Audit of digital services and forward
plan||
|Communications|and|~|Campaign
to lobby for universal
and uniform
mandatory|monitoring|
|Campaigns||~|Marketing
strategy for organisation||
|||~|National
Igbtq+ youth homelessness
survey||
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|funds|
||||funds|funds|2021|2020|
|||Note|f|f|f|f|
|Income from:|||||||
|Donations
and legacies|||1,406,087||1,406,087|1,728,415|
|Charitable
activities:|||116,998|379,118|496,116|314,546|
|Other trading
activities|||5,291||5,291|112,832|
|Investments|||1,378||1,378|1,381|
|Total income|||1,529,754|379,118|1,908,872|2,157,174|
|Expenditure
on:|||||||
|Raising funds|||317,687||317,687|427,439|
|Charitable
activities:|||966,300|379,118|1,345,418|1,089,674|
|Total expenditure|||1,283,987|379,118|1,663,105|1,517,113|
|Net income/(expenditure)|||||||
|and net movement|in funds||||||
|for the year||10|245,767||245,767|640,061|
|Reconciliation
offunds|||||||
|Total funds brought|forward||1,500,640||1,500,640|860,579|
|Total funds carried|forward||1,746,407||1,746,407|1,500,640|
##
##
##
||||Note|31March|2021|31March|2020|
|---|---|---|---|---|---|---|---|
|||||f|f|E|E|
|Fixed assets||||||||
|Tangible assets|||15||69,115||71,270|
|Current assets||||||||
|Debtors|||16|96,375||145,416||
|Stock||||||417||
|Short term deposits||||1,167,477||||
|Cash at bank|and in|hand||722,358||1,459,919||
|||||1,986,210||1,605,752||
|Creditors: amounts||falling due||||||
|within one|year||17|(308,918)||(176,382)||
|Net current|assets|||1,677,292||1,429,370||
|Net assets|||||1,746,407||1,500,640|
|Funds ofthe|charity:|||||||
|Restricted
income funds|||19|||||
|Unrestricted|income|funds|20||1,746,407||1,500,640|
|Total funds|||||1,746,407||1,500,640|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Net cash provided
by operating|||activities|||448,058|686,042|
|Cash flows from investing||activities:||||||
|Interest income||||||1,378|1,381|
|Purchase oftangible|fixed|assets||||(19,770)|(78,859)|
|Proceeds from the disposal offixed assets||||||250|3,882|
|Transfer to short-term
deposits||||||(1,167,477)||
|Net cash used in investing||activities||||(1,185,619)|(73,596)|
|Increase
in cash and|cash equivalents|||||(737,561)|612,446|
|Cash and cash equivalents||at the|beginning|ofthe year||1,459,919|847,473|
|Cash and cash equivalents||at the end ofthe year||||722,358|1,459,919|
|Reconciliation
of net|income to net cash flow provided||||by operating|activities||
|||||||2021|2020|
|||||||f|f|
|Net income for the|year|||||245,767|640,061|
|Adjustments
for:||||||||
|Depreciation
charge||||||20,921|15,019|
|Loss/(profit)
on disposal offixed|||assets|||754|(1,311)|
|Dividends,
interest and rents from investments||||||(1,378)|(1,381)|
|Decrease/(increase)|in stock|||||417|(417)|
|Decrease
in debtors||||||49,041|15,198|
|Increase
in creditors||||||132,536|18,873|
|Net cash provided
by operating|||activities|||448,058|686,042|
|Analysis ofchanges|in net funds|||||||
||||||||At 31|
||||||At 1April||March|
||||||2020|Cash flows|2021|
||||||f|f|f|
|Short term deposits||||||1,167,477|1,167,477|
|Cash and cash equivalents|||||1,459,919|(737,561)|722,358|
||||||1,459,919|429,916|1,889,835|
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|Income fro|m donations|and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|2021|2020|
||||f|f|f|f|
|Donations|and gift aid||1,375,706||1,375,706|1,573,629|
|Coronavirus|job retention|scheme|28,981||28,981||
|Legacies|||1,400||1,400|154,786|
||||1,406,087||1,406,087|1,728,415|
|2020 Comparatives|||1,713,415|15,000|1,728,415||
|Income from charitable||activities|||||
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|2021|2020|
||||f|f|f|f|
|Young People Support|||75,782|312,632|388,414|180,170|
|Youth Engagement||||5,153|5,153|25,500|
|Purple Door|||41,216|61,333|102,549|108,876|
||||116,998|379,118|496,116|314,546|
|2020 comparatives|||122,823|191,723|314,546||
##
##
||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
||||f|f|f|f|
|Sale of merchandise|||5,291||5,291|16|
|Fundraising||Events||||112,816|
||||5,291||5,291|112,832|
|All funds|in|2020 were unrestricted|||||
##
##
##
|2021|2020|
|---|---|
|f|f|
|1,378|1,381|
##
|||||Direct|Staff|Support|||
|---|---|---|---|---|---|---|---|---|
|||||Costs|Costs|Costs|2021|2020|
|||||f|f||f|f|
|Costs|ofGenerating||Funds||||||
|Fundraising||costs||60,963|172,928|83,796|317,687|427,439|
|Costs|ofCharitable||Activities||||||
|YP support||||176,329|421,478|203,832|801,639|589,982|
|Youth|engagement|||15,454|43,310|20,990|79,754|75,017|
|Housing||||68,910|56,211|27,262|152,383|94,943|
|Digita|I comms and||resea rch|43,508|167,802|81,120|292,430|308,645|
|Governance||||19,212|||19,212|21,087|
|||||384,376|861,729|417,000|1,663,105|1,517,113|
##
##
||||Generating|Charitable|||
|---|---|---|---|---|---|---|
||||funds|activities|2021|2020|
||||f|f|f|f|
|Premises cost|||6,673|26,579|33,252|30,917|
|Admin|||5,713|22,754|28,467|28,102|
|Staff expenses,|recruitment 5training||5,135|20,455|25,590|22,493|
|Legal% professional||fees|1,729|6,886|8,615|6,282|
|Support staff costs|||64,432|256,644|321,076|243,751|
||||83,682|333,318|417,000|331,545|
##
##
|Analysis ofgovernance
costs||||
|---|---|---|---|
||Governance|Total|Total|
|||2021|2020|
|||f|f|
|Audit fees|6,906|6,906|5,856|
|Trustee costs|12,306|12,306|15,231|
||19,212|19,212|21,087|
##
##
|10.|Net Income (expenditure)|Net Income (expenditure)|Net Income (expenditure)|for the year|||
|---|---|---|---|---|---|---|
||This is stated after charging/(crediting):||||2021
f|2020
f|
||Depreciation||||20,921|15,019|
||Loss/(profit)
on disposal||offixed assets||754|(1,311)|
||Operating
lease rentals:||||||
||Property||||85,917|68,817|
||Other||||1,468|2,088|
||Auditor's
remuneration||—audit fees||6,906|5,856|
|11.|Staff costs||||||
||Staff costs during the|year||were as follows:|Total|Total|
||||||2021|2020|
||||||f|f|
||Wages and salaries||||967,469|772,567|
||Nationallnsurance||||89,761|74,762|
||Pension||||60,457|48,079|
||||||1,117,687|895,408|
||Holiday
pay accrual||||2,466|1,236|
||Recruitment,
training|and||HR|69,570|53,257|
||Travel accommodation||8|subsistence|18,672|41,347|
||||||90,708|95,840|
||||||1,208,395|991,248|
||Allocated as follows:||||||
||Cost of raising funds||||242,590|187,486|
||Charitable
activities||||965,805|803,762|
||||||1,208,395|991,248|
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
|Trustee|recruitment|8|training|12,141|11,298|
|Trustee|expenses|||165|3,933|
|||||12,306|15,231|
##
|Government|Grants recognised
in the accounts|were as follows:||
|---|---|---|---|
|||2021|2020|
|||f|f|
|Manchester|City Council|28,100|28,100|
|Hackney Council|||15,000|
|||28,100|43,100|
##
##
|Tangible fixed assets||||
|---|---|---|---|
||Office|Leasehold||
||furniture 5|Improvements||
||equipment||Total|
|Cost|f||f|
|At 1April 2020|30,000|59,757|89,757|
|Additions|9,943|9,827|19,770|
|Disposals|(3,778)||(3,778)|
|At 31March 2021|36,165|69,584|105,749|
|Depreciation||||
|At 1April 2020|8,527|9,960|18,487|
|Charge for the year|7,857|13,064|20,921|
|Disposals|(2,774)||(2,774)|
|At 31March 2021|13,610|23,024|36,634|
|Net book value||||
|At 31March 2021|22,555|46,560|69,115|
|At 31March 2020|21,473|49,797|71,270|
##
##
##
|16.|Debtors|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
||Trade debtors|||||16,058|15,201|
||Other debtors|||||20,078|17,116|
||Prepayments
and||accrued income|||60,239|113,099|
|||||||96,375|145,416|
|17.|Creditors: amounts|||falling due within one|year|2021|2020|
|||||||f|f|
||Trade creditors|||||66,133|50,779|
||Other creditors and|||ace rua Is||70,442|70,275|
||Deferred|income|(note 18)|||137,493|32,537|
||Taxation|and social||security costs||34,850|22,791|
|||||||308,918|176,382|
|18|Deferred|income||||2021|2020|
|||||||f|f|
||Balance|as at 1April||||32,537|35,208|
||Amount|released|to|income from charitable|activities|(32,537)|(35,208)|
||Amount|deferred|in|the year||137,493|32,537|
||Balance|as at 31March||||137,493|32,537|
##
##
##
|19.|Analysis ofmovements|in|restricted|restricted|funds||||
|---|---|---|---|---|---|---|---|---|
||||||Balance at 1|Income|Expenditure|Balance at 31|
||||||April 2020|||March 2021|
||||||||f||
||CAF Resilience
Fund|||||31,806|(31,806)||
||City Bridge Trust|||||30,000|(30,000)||
||Clarion Futures|||||500|(500)||
||Coach Foundation|||||18,934|(18,934)||
||Comic Relief|||||12,409|(12,409)||
||Community
Foundation|TWIN||||8,000|(8,000)||
||David S.Ruth Lewis Family||Trust|||12,500|(12,500)||
||Emmanuel
Kaye Foundation|||||12,500|(12,500)||
||Global Make Some Noise|||||47,641|(47,641)||
||Henry Smith Charity|||||29,500|(29,500)||
||Hyatt Community
Grants|Fund||||5,153|(5,153)||
||Kleinwort
Hambros
Trust|||||1,000|(1,000)||
||LandAid
Charitable
Trust|||||5,000|(5,000)||
||LGBT+ Futures|||||5,000|(S,ooo)||
||LHA London|||||40,250|(40,250)||
||London Funders|||||19,815|(19,815)||
||MRG Prudential
Community|||Fund||2,500|(2,500)||
||Manchester
City Council|||||19,000|(19,000)||
||MariaMarina
Foundation|||||10,000|(10,000)||
||Morrisons
Foundation|||||3,000|(3,000)||
||National
Lottery Community|||Fund||14,625|(14,625)||
||Quartet
Community
Foundation|||||5,000|(5,000)||
||The Ballinger Trust|||||10,000|(10,000)||
||The Evan Cornish
Foundation|||||8,527|(8,527)||
||The Goldsmiths'
Company||Charity|||8,958|(8,958)||
||The Kreitman
Foundation|||||5,000|(S,ooo)||
||The Pret Foundation|||||10,000|(10,000)||
||We Love Manchester|||||2,500|(2,500)||
||Total|||||379,118|(379,118)||
||||||Balance at 1|Income|Expenditure|Balance at 31|
||||||April 2019|||March 2020|
||AXA Healthcare|||||500|(500)||
||The Ballinger Charitable|Trust||||10,000|(10,000)||
||Charity Service Discretionary|||Fund||1,200|(1,200)||
||City Bridge Trust|||||27,500|(27,500)||
||Community
Foundation|TWS.N||||2,000|(2,000)||
||DWF Foundation|||||1,200|(1,200)||
||Evan Cornish
Foundation|||||5,000|(5,000)||
||Fine and Country|||||1,000|(1,000)||
||The Goldsmiths'
Company||Charity|||18,958|(18,958)||
##
##
##
|Hackney VCS Grants Programme|Hackney VCS Grants Programme||15,000|(15,000)|
|---|---|---|---|---|
|Leathersellers'
Charitable|Fund||10,000|(10,000)|
|LNER CCIF|||25,000|(25,000)|
|London Hostel Association|||30,000|(30,000)|
|Manchester
City Council|||19,000|(19,000)|
|NPT Transatlantic|||2,969|(2,969)|
|Pret Foundation||7,159|17,396|(24,555)|
|SirJames Knott Trust|||5,000|(5,000)|
|Corporate
Partners|||15,000|(15,000)|
|Total||7,159|206,723|(213,882)|
##
##
##
##
|Analysis ofmovem|ent
in U|nrestricted
fu|nds||||
|---|---|---|---|---|---|---|
|||Balance|Income|Expenditure|Transfers|Balance at|
|||at 1April||||31March|
|||2020||||2021|
|||f|f|f|f|f|
|General fund||762,582|1,528,354|(1,260,651)|54,746|1,085,031|
|Designated
funds:|||||||
|Development
Projects and|||||||
|National
Growth||345,465|1,400|(23,336)||323,529|
|Contractual
obligations||392,593|||(54,746)|337,847|
|Total Designated|Funds|738,058|1,400|(23,336)|(54,746)|661,376|
|Total Unrestricted|Funds|1,500,640|1,529,754|(1,283,987)||1,746,407|
|||Balance|Income|Expenditure|Transfers|Balance at|
|||at 1April||||31March|
|||2019||||2020|
|||f|f|f|f|f|
|General fund||467,685|1,795,665|(1,251,165)|(249,603)|762,582|
|Designated
funds:|||||||
|Development
Projects and|||||||
|National
Growth||242,745|154,786|(52,066)||345,465|
|Contractual
obligations||142,990|||249,603|392,593|
|Total Designated|Funds|385,735|154,786|(52,066)|249,603|738,058|
|Total Unrestricted|Funds|853,420|1,950,451|(1,303,231)||1,500,640|
##
##
##
##
##
||Unrestricted|Funds|||
|---|---|---|---|---|
||General|Designated|Restricted|Total|
||fund|Funds|funds|2021|
||f|f|f|f|
|Tangible fixed assets|69,115|||69,115|
|Net current assets|1,015,916|661,376||1,677,292|
||1,085,031|661,376||1,746,407|
||Unrestricted|Funds|||
||General|Designated|Restricted|Total|
||fund|Funds|funds|2020|
||f|f|f|f|
|Tangible fixed assets|71,270|||71,270|
|Net current assets|691,312|738,058||1,429,370|
||762,582|738,058||1,500,640|
||||Property||Equipment||
|---|---|---|---|---|---|---|
|||2021||2020|2021|2020|
|||f||f|f|f|
|Less|than one year|81,153||81,348|398|1,392|
|One|to five years|7,693||85,618|||
|||88,846||166,966|398|1,392|
##