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CONSTRUCTION
YOUTH TRUST
Annual Report of the Trustees for the year ended
31" December 2020
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|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|||||||
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|ff||
|
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||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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
ยป|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|
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||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|
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|||||||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|
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|||||||||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|
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||||||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|
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|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|
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