2020-12-31-accounts

CONSTRUCTION YOUTH TRUST Annual Report of the Trustees for the year ended 31" December 2020

Impact ofCOVID19 on	Impact ofCOVID19 on	~	Alternative modes of programme delivery	Alternative modes of programme delivery	Alternative modes of programme delivery	that can	be	accessed	accessed
ability to deliver our			remotely ifrequired
strategy including	adverse	~	Working with existing funding	partners	to agree alternative			delivery
effect on fundraising			plans in response to COVID restrictions		where	required
		~	Close financial management
Insufficient funds	to	~	Proactive fund-raising strategy
implement long-term		~	Close monitoring ofprogress against objectives
strategy		~	Focus on partnership building
Safeguarding and/or		~	Mr Russell Taylor appointed	as Designated		Trustee with		specific
Health &Safety failures			safeguarding responsibility
		~	Review policies annually
		~	Safeguarding and Health &Safety training for			all staff
		~	Pro-active safeguarding team and staff working			group established
Loss ofKey staff	and/or	~	Strengthen management structure	to reduce reliance on a small				number
inability to recruit			ofstaff
sufficient quality staff to		~	Regular reviews ofremuneration	to ensure competitiveness
meet business		~	Quarterly review of staffing by	Resources &		Governance	meeting		to
requirements at an			pre-empt any issues
affordable cost
Failure to meet		~	Close monitoring ofperformance	against	contractual Key		Performance
funders/contractual			Indicators, overviewed by CEO
obligations		~	Oversight ofany contracts over f50,000		by the Resource &Governance
			Committee

ff
tatanent oFinan	cial	Activities for the	year	ending 31Dece	mber 2020	(Including	Income Lexpenditure		account)
						2020				2019
				Unrestricted	Designated	Restricted			Unrestricted	veslgnsta	Restr cte
			Notes	Funds	Funds	Funds		Total	Funds	Funds	Funds		Total
					8		8	8	8
Income from
Donstlone end legacies
Donations & grants				71,949				71,949	97,009				97.M9
Donated services and facilities			3	61,602				61,602	124,016				124,016
Other rreding activities
Fundralsing income			2	1,744				1,744	6,634				6,634
Chsrneble sctividee
project specific income			4				967.940	1.112.440	18.197	203.216	957.588		1,179,001
Esnb interest
Interest receivable				2,097				2,097	3,277				3,277
other sources
Coronevlrus job retention Total income		scheme government	grant	32347 6 7&				32347 »	24 13	263216	657666		.4N 237
Expenditure on
Charitable activities Totslexpenmture			6	78.733 ~B7 3	174.008 1742N		791.725 761 725	1.044.466	140,855 140855	199,176 199176	797,844 iar 844		1,137,875 1 137675
Net Incomel(expenditure)				91,006	(29,508)		176,215	237,713	108,27a	4,04n	159,744		272,062
Transfers between funds			13	(57,678)	56,250		1,428		(2,317)	1,445		872
Net movement in funds				33,328	26,742		177,643	237,713	105,981	5,435	160,616		272,062
Fund balances brought	forward			547,563	216,011		315,040	1,078,614	441,602	210,526	154,424		806,552
Fund balances carried	forward			580,891	242,753		492,683	1,316,327	547,663	218,011	316,040		1,078,614

	Notes	2020		2019
Current Assets
Debtors		30,215		128,969
Cash at Bank and in Hand		1,510,452		1,175,133
			1,540,667		1,304,102
Creditors
Amounts falling due within one year	10		(224,340)		(225,488)
NET ASSETS			1,313,327		1,078,614
Reserves	12,13
Unrestricted Funds			580,891		547,563
Designated Funds			242,753		216,011
Restricted Funds			492,683		315,040
TOTAL FUNDS			1,316,327		1,078,614

						2020	2019
	Gash provided by operating activities					333,222	505,499
	Cash flows from investing	activities
	Interest income					2,097	3,277
	Gash flows from investing	activities				2,097	3,277
	Increase in cash and cash	equivalents	during the		year	335,319	508,776
	Gash and cash equivalents	as at 1 January				1,175,133	666,357
	Cash and cash equivalents	as at 31 December				1,510,452	1,175,133
(i)	Reconciliation ofnet movement in funds			to cash	rovided b o cretin	activities
						2020f	2019
	Net movement in funds					237,713	272,062
	Deduct interest income shown in investing			activities		(2,097)	(3,277)
	Decrease in debtors					98,754	125,701
	(Decrease)/Increase in creditors					(1,148)	111,013
	Net cash provided by operating activities					333,222	505,499

								2020		2019
								f		f
Fundraising income
General	Events							1	744	6634
								1	744	6634
Raising	funds
General	Events
Surplus/(deficit)		on	fundraising
General	Events							1,744		6,634
								1,744		6,634
Donated	services	and facilities
						2020				2019
				Unrestricted	Designated		Restricted
				Funds F	Funds		Funds	Total f		Total f
Use offaciTities				61,023				61,023		124,016
Donation	ofmaterials		&equipment	579					579
				61,602				61,602		124,016

					2020			2019
				Unrestricted	Designated	Restricted
				Funds	Funds	Funds	Total	Total
Budding Brunels						20,939	20,939	83,910
Budding Builders						243,048	243,048	177,977
CITBApprenticeships		Project				20,686	20,686	84,812
CITB Contextualised		Curriculum	Project			24,500	24,500	116,750
CITB Ex-offenders	Project							2,006
CITB Pathways						29,250	29,250	18,750
L&Q Learning to Succeed					122,000		122,000	162,300
Schools Partnership		&Place Based Programmes			22,500	629,517	652,017	532,496
					144,500	967,940	1,112,440	1,179,001

Debtors
		2020	2019
		E	5
Trade debtors			70,031
Other debtors			6,988
Prepayments	and accrued income	30,215	51,950
		30,215	128,969
Creditors
		2020	2019
		6	k
Trade creditors		2,681	6,234
Accruals		29,876	16,325
Deferred income		167,500	171,000
Tax8other social security		15,519	18,175
Other creditors		8.764	13754
		224,340	225,488