Moore Thompson Trusted Advisers Chartered Accountants Company Number- 05128833 CHANGE AGENTS UK CHARITY (A COMPANY LIMITED BY GUARANTEE) AND ITS SUBSIDIARY UNDERTAKINGS Financial Statements. for the year ended 31 March 2021 Charity Number - 1104230 Company Number- 05128833 Change Agents UK *AIERK554* 09110r2021 C￿pANIEs HOUSE "#3￿> CHANGE AGENTS UK CHARITY Lègal and administrative infomlation for the year ended 31 Ma￿h 2021 Directors and Trustses Trevor Gibson Or lan Paton Sadia Moeed Professor Mark Lemon Charlotte Palmer Dr Emma Fieldhouse Chair Vice-chair Resigned 9 Q)ecember 2020 Chief Executive Alexandra Jo Company Secretary Moore Thompson Reglstered office Oakham Rai￿aY Stat￿7 Station Approach Oakham Rulland LE15 6QT Company registration number 05128833 Charfty reglstratlon number 1104230 Independent Examiner Moore Thompson Bank House Broad Street Spakling Lincs PE11 1TB Bankers The Ccoperabve Bank plc Stockport Business Direct PO Box 250 Skelmersdale WN8 61 CCLA Investment Management Funds COIF Charity Funds 80 Cheapside London EC2V 60Z Page 1 CHANGE AGENTS UK CHARITY Legal and administrative infomiation (Continued) for the year ended 31 March 2021 Solicitofs Buckles So1￿￿OIs LLP Grant Hwse 101 Bourges Boulevard PeleTborough PE1 1NG Insurance brokers Pl8 Insurance Brokers aQmen unde￿rrtin9 SeN Southgate House Southgate Street Glou¢ester GL1 1UB Page 2 CHANGE AGENTS UK CHARITY Index for the year ended 31 March 2021 Page Legal and administrabve infomiakn.on 1to2 Rep)rt of the trusiees 3to8 Independent examiners report to the membefs Consolidated Statement of Financial AthitEs 10 Group and chanty baLgnce sheets 11to12 Notes to the financial statements 13to22 Fund comparatives 24to25 CHANGE AGENTS UK CHARITY Report of the trustees for the year ended 31 March 2021 The Board of Trustees of Change Agents UK Chanty, who are also directors of the Charity for the purposes of the Companies Act. are pleased to present their annual report for the year ended 31 March 2021 undef the Charit¢es Act 2011. together with the independentty examined accounls for the year. The Board of Trustees ¢onfirms that the latter comply with the requirements of the ACL the Trust Deed and the Charities SORP FRS 102 REFERENCE AND ADMINISTRATNE INFORMATION The organisation is a charrtable company, registered under charity number 1104230 limited by guarantee, incorporated and registered as a charity on 14 May 2004. The charity was estsblished under a Memorandum Ass￿lab"0n. which established its object and [￿eTS Change Agents UK Charity Trustees. executive officers and principal addresses of the Charity are as listed on page 1. Particulars of the Charity's prOfeS￿onal advisers are given on pages 1 to 2. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming Document Change Agents UK chaT￿Y is govemed under its Article of ASsociat￿n. In the event of the charity teing wound up members are required to ￿nIn"bUte an amount not exceeding £1. Governing Bodies The Charbty is govemed by the Board of Trustees detailed on page 1. Appointmgnt The Directors of the charity are also Trustees for the purposes of ¢hanty law and under the Charity's Articles are known as members of the Board of Trustees. Under the requirements of the MemorandLtm and Articles of Associalton. a third of the members of the Board of Trustees are required lo retire al the annual general meetiThJ. Members required to retire may stsnd for re-election. Recruilmenl of Trustees Analysis cairied out each year Klentifies certain skills that would be required for the Board in future. A sustsined effort has been made to recrnit trustees wth these skills and experience to improve the quality and effectiveness of the board. ASI members of the 8oard of Trustees gwe their kn.me voluntarily and recerved no benefits from the charity. Organisational Management Day-to-day management of the Charity is overseen by the Chief Executive Group Structure and Relationships The Charity has a wholly ¢)wned trading subsidiary. Change Agents UK Tr*Jing Ltd. the sole purpose of which is io undertake projects and generate fvnds to support the Charity with a erosson. resilient future for all. We will seek to develop further the range and reach of placements and training we can offer. We will expand our research activities, focusing on skills for the future and the expansion of the Sustsinable Futures programme. We will continue to expand our partnerships wrth other Organisa￿fts who Sha￿ our values. Public benefit The Trustees have conshyered the Chanties CommissK)n's requiremenl in resFect of Public Benefit when reviewng our aims and objecb.ves and in planning future actr"viltes. The Chafity undertakes a range of activities in pursuance of ils Charitab￿ aims. The Trustee5 consider that these activitses provide benefft by advancing education in sustainable development through providing and facilrtating training, seminars and workshops. attending conferences and through projects. work placements and the assimilatson of knOW￿ge and practical ￿arnIng through real an(1 meaningful wort( opportunities. STATEMENT OF TRUSTEES. RESPONSIBILITIES Company and charity law requires the Truslees of a chanty to prepare financial ststements for each financ￿1 year which give a tnje and fair ¥iew of the state of affairs of the charty and of the surplu5 Or deficit of the chanty for that perK>d. In preparing these financial ststements. the Tnjstees are required to: Select suitable accounb.ng poI￿leS and then appty them eonsi$tentty. make judgements and estimates that are reasonable and prudent.. stste whether appliCa￿e accounting standards and statements of recommended pract￿ {SORPI have been followed. suty'e¢t to any departure disclosed and explained in the financial statements.. Prepare the financial staiements on the going ¢oncem basis unless rt is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonab accuracy at any time the financial p)sition of the company and enable them to ensure that the financial statements comply wlh the CoMpan￿S Act 2006. They are also responsib￿ for safeguarding the assets of the company and hen¢e for taking reasonable steps for the prevention and detecbon of fraud and other irregularib'es. The maintenance and integrity of the Charivs website is the iesponsibilty of the Trustees. Legislation in the United Kingdom governing the preparation and disseminatK)n of fiftanC￿l statement5 may differ from legislations in other jurisdictions. Insofar as the Trustees are wware". There is no relevant audrt inforniation of wh¢h the Charitys examiner 1$ unaware.. and They have taken all Ste￿ that they ought to have tsken lo make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Independent Examiner A resolution proposing the re-apwintment of Ken Maggs of Moore Thompson as independent examiner will be put to the members at the Annual General Meeb'ng. Pa9e 7 CHANGE AGENTS UK CHARITY Report of the trustees (continued) for the year ended 31 Ma￿h 2021 Small company provisions This report has been prepared in a¢eordance with the speck?1 provisions for small companies under part 15 of the Companies Act 2006 and wrth the Charrties Ststement of Recommended Practice FRS 102. The statement of finanryal activtbe5 has been prepared in accordance Nwth the special provisions foi small companies under part 15 of the Compan*s Act 2006 and th the Financial Reporting Standards for Srnaller Entities IEffe¢twe April 20181. This report was approved by the Board of tnjslees ￿ ........ . . . .. . and smjned on ils behalf by Trevor Gibson Chairman Registered offic• Oakham Staton station Approach Oakham RuUand LE15 6QT Page 8 Independent examiners report to the members of CHANGE AGENTS UK CHARITY I report to the charity tnjstees on my examinatvjn of the consolidated accounts of the Group comprising Change Agents UK Charty I'the chartity'l and its subSid￿ry undertakings for the year ended 31 Mareh 2021 which are set out on pages 10 to 25. R￿pOnsIbl11t1ES and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the conSol￿ated accounts of the Group in accordar￿e with the requirements of the Companies Act 20c61.lhe 2006 Act'l and the Charities Act 2011 {'the 2011 Acr} and you have chosen to prepare consolthted accounts for the Group. Having satisfied myself that the accounts of the group are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the consolidated accounts. I have carried out my eXaMinat￿n under sectv)n 145 of the 2011 Act. In carrying out my examinats.on I have folbwed the Oire¢bons gNen by the Chanty Commission under sects'on 145{51{bl of the 2011 Act. Independent examinerfs statement Since the group's gross income exceeded £250.000 your examiner must ￿ a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified lo undertake the exarninat￿n because l a member of the Instrtule of Chartered Accountants of England and Wales. which 15 one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with the examinats'on giving me cause lo believe.. accounting records were not kept in respect of the group as required by section 130 of the 2011 Act and section 386 of the 20C6 Act." or the accounts do nol accord with those records." or the ac¢ounts do not comply wth the accountsng requirements of section 396 of the 20C￿ Aet and the Charities (Accounts and Reports) RegulatK*ns 2008 other than any requirements that the accounts give a 'true and fair view wh￿h is nol a matter consKlered as part of an independent examination.. or the account5 have not been prepared in accordance the methods and principles of the statement of Recommended Practs"¢e for aecounting and repO￿"ng by charities applicable to charities preparing their accounts in accordance with the Financial ReFM)rting Standard applicable in the UK and Republic of Ireland (FRS 102)_ I have no concerns and have come a¢ross no other matters in conneetKin ￿th the examination to which attenb'on should be drawn in this rewrt in order to enable a proper understanding of the accounts to be reached. K J MAGGS FCA. 8C MOORE THOMPSON Chartered Ae¢ountants Bank House. Broad Street Spalding PE11 ITB Date: Page 9 CHANGE AGENTS UK CHARITY Consolidated Statement of Financial Activities (incorporating the consolidated income and expenditure account) for the year ended 31 March 2021 Unrestricted Restricted Funds Fund$ Total Funds 2021 Total Fund$ 2020 Note Income from: Donaknons and kgacies Charitable aclivrt Other trading aclivibes Investments Other income 9.384 81.521 253,829 48 657 1.030 450 204.250 81.521 253.829 48 657 Total income 345.439 345,439 206,218 Expendlture on: Raising funds Charitable activities Governance costs 1248,1481 184.0231 12.0401 {248,148 {84.0231 (2,0401 1171.1931 172,411} 12.1001 . Total resources expended 1334.2111 {334.2111 1245.7041 Net income I lexpenditurel befor• tax Tax on surplus on trading activities 11.228 112 11.228 112 139.4861 13.7011 Net income l (expendi￿r*) 11,340 11,340 143,1871 Totsl fiinds brought forward Total funds carrled forward 140.912 2,925 143,837 187.024 152.252 2,925 155,177 143.837 The charity has no recognised gains Of losses other Ihan the results for the year as set out a￿ve. All of the activilies of the rhanty are classed as continuing. The charty has taken advantage of section 408 of the Cornpanies Act 2006 not io publish its own Statement of Financial Activities. The accounting pol￿￿eS and notes on pages 13 to 25 form part of these financial ststements. Page 10 CHANGE AGENTS UK CHARITY Consolidated Statement of Financial Activities (incorporating the consolidated income and expenditure account for the year ended 31 March 2020 Unrestricted Restrictsd Funds Funds Total Funds 2020 Income from: Donations and legaC￿S Charitable acb"vrtie$ Other trading activitres Investrnents 1.030 450 204,250 488 1.030 450 204.250 Total income 206,218 206.218 Expenditure on: Raising funds Charitable activities Governance costs (171.1931 172.411) 12,100} 1171.1931 172.4111 12.1001 Total resources expended {245.704) 1245.7041 Net expenditure before tax Tax on syrplus on trading activrties 139.486) 13.701) 139.4861 13,7011 Net expenditsre 143.187) (43.1871 Tolal funds brought fonmaryl 184,099 2.925 187,024 Total funds carried foNard 140,912 2,925 143,837 Page11 CHANGE AGENTS UK CHARITY Group and charity balance sheets at 31 March 2021 Group 2021 Charity 2021 2020 2020 Note Fixed assets Intangible assets Tangib￿ assets Investments 10 11 12 426 30.055 2.001 33.367 241 31,991 29.269 30.481 35.368 29,272 32,235 Current assets Debtors Cash at bank arKI in hand 13 9.128 209,7C6 218.834 10.845 165,865 176.710 7,232 112,534 119.766 772 84.283 85.055 Creditors: •mounts fallin9 due within one year 14 (93.9891 (67,980) 124.3201 (4.391 } Net current assets 124.845 108.730 95,446 80,664 Provisions for liabilities and charges (1491 1261} Net assets 155.177 143.837 124.718 112,899 Unrestrlcted funds General funds 15 152.252 140,912 121,793 109.974 Restricted funds 16 2.925 2.925 2.925 2,925 Total Funds 155.177 143.837 124.718 112.899 The Iruslees are satisfied that Ihe charity is entitled lo exemption from audit of the financial stslements fo( the year under Section 477 of the Companies Act 2006 Ithe A¢ll relating to small companies and that the members have not required the company to oblain an audil in accordance with seC￿n 476. The trustees aCknOw￿dge their resp￿￿$1b11rtles for. {1} ensuring that the charity keeps prcper accounting records which comply vith {ii} prepafing financial statements wh￿h gwe a true and fair vtew of the state of affairs of the charity as at the end of the financial year and of its profrt or loss for the financial year in accordance with the requirements of section 396, and which othewse comply with the requirements of the Act relating lo financial st*emenls. so far as applicable to the charity. These financial statements have been prepared in accordance wth the provisions applicable to companies subject to the small CoMpan￿s, regime and in accordance with FRS 102 The Financial Reporting Standards applicable in the UK and Republic of Ireland,. y the Board of Trustees on ..2.1. . ￿ and signed on ts behalf". Approve Trevor Gibson Company Registrallon Number. 05128833 Regisl¢rgd Charity Number. 1104230 The accounting wlicies and notes on pages 13 to 25 fonn part of these financral statements. Page 12 CHANGE AGENTS UK CHARITY Notes to the financial statements for the year ended 31 March 2021 1. A¢countln9 policies Charity Infomiation Change Agents UK Charity is a pitvale charttable company limited by guarantee and is incorporated in England and wa￿S,. the registered office is thaled at Oakham Railway Stab'on, Station Approach. Oakham. Rutland, LE15 6QT. The company constitutes as a public benefit enb.ty as defined by FRS 102_ The principle activity dvaneing educatDn in sustainable development". fomially through providing lessons, seminars. onferences and lectures., and informalty through projects. work placements. volunteering and the assimilation of knowledge. practical leaming and doirig real work. Basi5 of preparation The financial stalemenls have been prepared in ￿darKe wrth the Statement of Recommended Pracb"ce'. Accounknng and ReF<)rbng by Charitses preparing their accounts in accordan¢e with the Financial Reporting Standard aPpI￿ab￿ in the UK and Republ￿ of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard appltsble to the UK and Republic of Ireland IFRS 102). the chariti.es Act 2011. the Companies Act 20C6 and UK Generally Accepted Accounting Practice. The Charity has tsken the available exempt￿￿ under the Chanbes SORP {FRS 102} Update Bulletin 1, as a smaller charity, to not prepare a Statemenl of Cash Flows. The financ￿1 statements a￿ prepared on a going concem basis under the historical cost cOnven￿n, as mc4Jified to include certain rtems at fair value. The financ￿1 statements a￿ p￿Sented in Sterling {£1. ¥th￿h is deemed to be the functional currency of Ihe charity. Bos1$ of Consolidatlon These financial statements consolKlate the results of the Charity and ils wholly owned sUbs￿l2r*S,. Change Agents UK Trading Limited and Studentforce for Sustainability Limited. on a line by line basis. Studentforce for Sustainabilty Limited was domiant during the year. A separate Ststement of Financial Aclivity"es {incorFM)raling the Income and Expendityre Account) are not presented for the charty itself folk)wing the exemptsons afforded by section 408 of the Companies Act 2006 Fund accounting UnreStr￿ted fvnds are availabk for use at the dIScreth￿ of the Board of Trustee5 in fvrtherance of the general objects of the chanty. ReStr￿ted funds are funds which are lo be used in accordance vmh specifK reslriclions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fvnds are charged against the $￿ffic fund. Page 13 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) fr•r the year ended 31 March 2021 1. Aecounting policies {contlnued) Income recognition All incoming resources are included in the Statement of Financial A¢h"vil￿$ when Ihe ¢harity is entrtled lo the income Condit￿n5 and the amount can be probable. The following specific policies are aPpl￿d to partiujlar categories of income.. Voluntary income received by way of donations and gifts is included in full in the Statemenl of Financh￿ Acts¥￿eS when receivabk. Grants. where entiliement is not conditN)nal on delivery of a specific perfO￿anCe by the charity, are recognised when the ¢hanty becomes unconditsonally entrtled lo the grant. Revenue grants are carried forward to the extent th* the grantor specifies that the grant is for expenditure in futu￿ accounting peri¢>Js. Grants carried fonvard in this way are accounted for as deferred income. Income from trading activities includes income eamed from fundraising events and trading activrties to raise fijnds for the charity. Income is received in exchange for Suppl￿"Thg goods and services in order lo raise funds and is recognised when entiuemenl has occurred. Investment income is accounted when receivable. Expenditure recognition Expenditure is recogni5ed on an accruals basis as a h'ability is incurred and includes irrec¢)verable VAT. Costs of generating lunds afe the costs incurred in atiracting voluntary income and trading activitie5 whi¢h raise funds. Charitable actIvrt￿S expenditure comprises those costs incurred by the charity in the delivery of its activitie$ and services for rts beneficiaries. It includes both costs that can be allocated directly lo such actsvilies and Ihose costs of an indirect nature necessary to support them. Governan￿ costs include those Costs asscKiated wth meetsng the constibjtional and Statutory requirements of the chanty and include audit fees and costs linked to the strategic management of the charity. All costs.are allocated be￿een the expenditure categories of the Statement of Financial Activiltes on a basis designed to refie¢l the use of the resource. Costs relatsng to a part￿ular activity are allocated directty.. others are apport￿lled on a per project basis. The Company operated a defined Contribut￿ pensw)n scheme for the benefit of the employees. The pension cost charged in the Statement of Financial Activities represents the amount of contributions payable to the s¢heme in respect of the a¢counting per￿. Financial Instruments The Charty only enters into basic financial instruments transactions that result in the recognition of financial assets and liabililies like trade and other accounts re￿1vable and payable, loans from banks and other third parties. loans to related part￿S and investrnents in ordinary shares. Taxation No provision has been made for corporation tax, as the company is of charitable status. A provision for corporath?n tax is necessary in the subsKliary undertakings on rts tsxable profits. Page 14 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for th¢ year ended 31 March 2021 1. Accounting poliei•s (continued) Operating lease arrangements Operating lease rentals are chorged to the Statement of Financ￿[ Activities at current rates under lease agreements. Fixed Ar￿ets Major expenditure on tangib￿ fixed assets is capital¢sed. Expendrture on fixed assets not exceeding £250 for each asset is wrrtten off in the year in it is incurred. Depre¢lat￿n is [Kov￿ed on all tangibk assets at rates cakulated to write off the ¢ost. less estimated residual value. of each asset evenly over ils expected useful life on the follo￿n9 bases.. Leasehokl improvements are wrthn off over Ihe 25 year lem of the lease. Office and computer equipment 33%, per annum, straight line, on Cost, ¢ommencing in the month following the month of purchase. Amortisation Amortisation is calculated to write down the cost. less eslimated ￿SIdUal value, of all assets over their expected useful lives. The rates generalty apPI￿able are. Website development- Straight line over 3 ye*s 2. Charitsble •ctivili¢s Unrestricted Restricted 2021 Total 2020 Total Grants and contracts Cultural Recovery Fund for Heritage Poslcode local trust fund COVID-19 Grants CD - University of Gloucestershire 66.240 1,250 12.636 1.395 66,240 1.250 12.636 1.395 450 81.521 81.521 450 Opportunities lor vocational training Recruitment, Employment Services and Training Fee5 253,829 253.829 204,250 Total 335.350 335,350 204,700 Page15 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2021 3. Resources expended Unrestricted Restrict￿ 2021 2020 Cost of generating ChJrilabl* Govern. incom• activities ancè EVS Total Total Grants payable Skff Costs (note 6} Travel and Subsistence Postage. slatsonary and Recruitment Subscriptions Training Computer s0fhVa￿ costs Marketing Miscellaneous Audit and accountancy Legal and professional fees Premises Support costs 957 296,972 209.302 1,115 443 1.285 2,159 1.622 3,266 219 818 5,600 4,205 5,110 9,603 225.928 71.044 141 99 2.222 141 99 2,332 260 3,369 110 260 24 3.345 511 3.410 2,455 3,409 6.628 469 980 5,450 7,137 7,364 10,107 2.040 4.682 3.955 3.479 Total resource expended 248.148 84.023 2,040 334,211 245,704 4. Net In¢ome l {expenditure) before tax Net income I (expenditure) before tax ts stsled after changing". 2021 2020 Deprecation Amortisalion Independent Examination fees 3,312 1,575 5.450 3.050 1,719 5,600 5. Net income from non4haritable trading activilies of the subsidiary The wholly owned Sljbsidiary, Change Agents UK Trnding Ltd. which is ineorporated in England and Wales (registered number 064821661. provides recruitment. training and devek)pmenl and employment services. The subsidiary pays 211 of rts profits lo the charity under a deed of covenant. The charity owns the ents.re share caprtal of 1 ordinary share of £1 each. The company was incorwrated on 24 January 2(X)8 and started trading on 1 Apn"12(#J8. A summary of the trading results is shown below. 2021 2020 Turnover and other operating income Cost of sales and adminiStrat￿n expenses Inleresl receivable Gift aid donab.on paid TaxatK)n 253.829 210.000 {248.1461 1175,9431 (6.2741 115,000} 3,701 15.356 15,582 30.938 14791 30,938 30,459 Retained profits brought forward Retsined proffts carried forward Page 16 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) lor th¢ year ended 31 March 2021 5. Nèt iD¢ome from non4haritable trading activities of the subsidiary leontinued) 2021 2020 The assets and liabilities of the subsidiary wern: Fixed asset$ Current assets Current liabilities Provisions 1,211 3.136 105,342 91.655 175,9451 (63.5911 1149) {2611 30.459 30.939 The second wholty owned subsrdiary Studentforce for SuStaina￿"1￿Y Ltd. which is in¢orporaled in England and Wales (registered nUrn￿r 07767094}. remained dOm￿nI in the current year. Therefore, no rtems of income, expense, assets or liabilitse5 were included on consolidation of this enlity12019 - £Nill. The charity owns the entire share capital of 2 or(linary Sha￿ of £1 each. 6. Staff costs and numbers 2021 2020 Salaries and wages Trading Subsidiary employment Chanty staff members 174.070 99.830 102.631 95,223 273.9)0 197,854 So¢i81 securty costs Tradin9 subsidiary employrnent Charity staff memters 13.932 2.949 6,106 1,337 16,881 7,443 Pension contributions Trading subsidiary employment Charity stsff members 3.318 2.873 1.691 2,314 6,191 4,005 Total 296,972 209.302 No employees received emoluments of more than £60.000 in the year {2020.' 01. The average number of employees during Ihe year by the group was 1412020.. 131. The average number of those who a￿ employed on behalf of the charity was 612020.. 6). The average number of those who are emphjyed on behawof the trading company was 8{2020.'71 The key management personnel of the group comprise of the Chief Execubve Officer and the Finan¢e Officer whose empk)yee benefits total￿ £43.499 (2020: £45.4431. Page 17 CHANGE AGENTS UK CHARITY Notes to the financial ststements (Continued) for the year ended 31 March 2021 7. Pension Costs The charity pattrcipates in a defined contribubon pension scheme administered externally. Membership of the scheme is available to employees satssfying qualfying cOndit￿nS. Payments made lo the fund are charged monthly in the financial statements. The pensK)n cost charge amounted to £2.87312020.' £2.3451. At the year end there was £nil in unpahl contn"butions12020." £nil}. The pension costs are alkxated tets¥een unrestr￿ed and restn"¢led reserves using the employees. me albcation when working on the various activities of the group. Any closing l￿bIlity would be attributed lo the unrestricted ￿erVeS * the year end. 8. Tru81¢es' remuneration and rolated party transactions No memter of the Board of Trustees received any remuneration during the year. Travel costs amounting to £nil (2020.. £nil) We￿ re4mbursed to members of the Board of Trustees. During the year donab.ons were received from related parties totalling £5.7SO (2020". £98). 9. Taxatlon As a chanty Change Agents UK Chanty is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 of section 256 of the Taxation of chargeab￿ Gains Act 1992 to the exlenl that these are applied to its charilable objects. 10. Intanglble fixed assels Webslte Development Group Charity At 1 April 2020 At 31 Mar¢h 2021 5,157 5,157 867 867 Amortisation At l April 2020 Charge for the year At 31 March 2021 3.156 1.575 4.731 626 241 867 Net book values At 31 March 2021 426 At 31 March 2020 2.001 241 Page 18 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 March 2021 11. Tangibh fixed ossets Group Leasèhold Imprnvements Office and Computer Equipment Total Cost or valualion Al 1 April 2020 Addit*)ns 68.061 51,344 119,405 At 31 March 2021 68.061 51,344 119,405 Depreciatlon At 1 April 2020 Charge for the year At 31 March 2021 36.070 2,722 49.968 590 86.038 3,312 38.792 50,558 89,350 Net book values At 31 March 2021 29.269 30,055 At 31 March 2020 31.991 1,376 33,367 Charity Leasehold Improvements Office and Cofflputor Equipment Totsl Cost or valuation At 1 April 2020 68.C61 25.266 93,327 At 31 March 2021 68.C61 25.266 93,327 Deprnciation At 1 April 2020 Char9e ft>r the year At 31 March 2021 36,070 2.722 25.266 61,336 2,722 38.792 25,266 64,058 Net book value8 At 31 March 2021 29.269 29,269 At 31 March 2020 31.991 31,991 Page 19 CHANGE AGENTS UK CHARITY Notes to the financial statements Iconlinued) for the year ended 31 March 2021 12. Fixed Asset Investments Ch•rity 2021 2020 Unlisted Investments in subsidiary undertakings The ¢hanty owns the entire share capital of ordinary shares of £1 e¥h in StudentForce for Sustainability Ltd. which is incorporated in England and Wales. The company has b*n domiant since its incorp)ralion The charity owns the entire Sha￿ capital of one ordinary share of £1 in Change A9enls UK Tfading Limited, which is ineorporated In England and Wales. 13. Debtors Group Charty 2020 2021 2020 2021 Trade debtors Prepayments and accrued income Amounts o*Ed frorn group undertakings 5.632 3.496 7,959 2.886 295 1.238 5,699 772 9,128 10,845 7,232 772 14. Creditors: amounts fallin9 due within one year Group Charity 2021 2020 2021 2020 Trade ¢reditors Other taxation and sccial security Outstsnding pension commitments Accrua15 Deferred income Amounts due to group undertakirvJs 2.287 14,049 1,136 8,147 1,847 1,052 7.9)7 69.746 8.143 50,554 3.821 18,650 3,337 93,989 67,980 24,320 4,391 Deferred income comprises fees invoiced in advan¢e ir* ￿Spe¢l of the provision of vo¢abonal training Isubsidiaryl and grant receivable (parent). The figures di5cbsed bekA¥ are all in respect of provision of services. Group Charity At 1 April 2020 Amount released to incoming resources Amount deferred in the year 50.554 (50,5541 69,746 18,650 At 31 March 2021 69.746 18,650 Page 20 CHANGE AGENTS UK CHARITY Notes to the financlal statements (continued) for the year ended 31 March 2021 15. Movement in unwestricted funds Group Trnnsfers At31 At 1 Awil bgtween Movement in resources March 2020 nds Incoming Outgoing 2021 General funds 140,912 34S.439 1334,0991 152,252 345,439 {334,099} 152.252 Total unrestricted funds 140.912 Charity Trnnsfers A131 At l April belween Movernent Sn resources March 2020 funds Incoming Outgoing 2021 General funds 109.974 126,218 {114,3991 121,793 126,218 (114.3991 121,793 Total unfestricted funds 109.974 Purpose of unresiricted lund8 General fvnd5 represent the balance of unrestitted funds that may be used for revenue or capital expenditure without having recoutse io exiem*ty imposed restrictions. 16. Movement in restricted fund5 Chaiity Transfors At31 At 1 April between Movement In resour¢es March 2020 funds Incoming Outgoing 2021 EnenJy Projects EVS 2.925 2.925 Total restricted funds 2.925 2,925 Purpos¢ of restri¢ted fvnds European Voluntary Service {EVSI Wrth funding from Erasmus + programme, Change Agents UK has been devek)ping and managing fully funded volunteering placements for recent graduates across Europe for the past few years. Change Agents UK has now discontinued its EVS work. Page21 CHANGE AGENTS UK CHARITY Notes to the financial slatements (continued) for the year ended 31 Mar¢h 2021 17. Analysis of net assets between funds Group 2021 General Designated Restricted Funds Funds Funds Total Funds Tangible fixed assets Intangible fixed assets Current assets Current liabilities Provisions for Ikabilities and charges 30.055 426 215.909 {93.989} {1491 152.252 30,055 426 2.925 218,834 193,9891 1149} 2.925 155,177 Charty 2021 General Designated Restrlcted Funds Funds Funds Total Funds TangikJe fixed assets Fixed asset investments Currents assets Current liabilit￿S 29,269 29,269 116.841 {24.3201 2.925 119.766 124.3201 121,793 2.925 124,718 18. Capital Commitinents There were no caprtal commitments authorised and contracted for at 31 March 2021 or 31 March 2020. 19. Contingent Liabilities There were no contingent liabilib.es at 31 March 2021 or 31 March 2020. 20. Constitution The charilable company is limited by guarantee ￿th no share Caprtal. There were 5 members at 31 March 2021 (2020. 6). 21. Rolated party tran$aclion8 The Charity has taken advantage of the exempl￿ in Financ￿1 Reporting Standard 102 Section 33.1A from the requirement to disclose transactions with group companies on the grounds that they are wholty owned subsKlraries. During the year, the related parties donated £5750 (2020- £98) to the charity in aggregate. There were no other related paty transactions during this year. 22. Controlling Party The charity is controlled by the Board of Trustees and no ￿le trustee has or exerts overall control. Page 22 CHANGE AGENTS UK CHARITY Notes to the financial statements (Continued) for the yoar ended 31 March 2021 Pages 24 to 25 also fomi part of these financial statements and show the 2020 financial slatem8nts comparatwe figures. Page 23 CHANGE AGENTS UK CHARITY Notes to the financial statements (continued) for the year ended 31 Illarch 2021 23. Fund Comparatives Charitable activities 2020 rotal Unrestricted Restricted Opportunitles for vocational training Recruitment, Employment Sernces and Tr8ining Fees 204.250 204.250 Total 204.250 204,250 Resources expended Restricted 202Q Cost of gMeratsn9 Charitable in¢t)me activities Gtsvern•nee EVS rotal Grants Payable staff costs Travel and subsistenre Postage. stationary andphone Re¢ruitment publ￿91￿$ and subscnptions Training Computer costs Marketing Miscellaneous Audrt and a¢count8n¢y Legal fees Premises Support costs Total resource expendod 957 61. 182 968 957 209,302 1,115 443 1.285 2, 159 1,622 3,266 219 818 5, 600 4.205 5,110 9,603 148. 120 147 443 1.216 1.993 1.466 3,033 219 703 69 166 156 233 775 2, 100 2. 708 4.863 2. 782 1.497 247 6.821 171. 193 72.411 2. 100 245, 704 Movement in unresth¢ted funds Group Transfers At31 At 1 April between Movement In resources March 2019 funds Incoming OutyoiTrg 2020 G•neral funds 784,099 184,099 206.218 (249,405) 140,912 249,405 206,218 140,912 Total unrestiicted funds Charity Transfers At31 At 1 Aprm between Movement in resources March 2019 funds Incoming Outgoing 2020 General lunds 168.518 168.518 55. 790 (114,334) 109,974 55, 790 (114,334 109,974 Totsl unrestrl¢ted funds Page 24 CHANGE AGENTS UK CHARITY Notes to the financial ststements (continued) for the year ended 31 March 2021 23. Fund Comparativ•s (contlnu Movemènt in restricted funds Charity Transf• At31 Al 1 April between Mov¢rnent in resources March 2019 funds Incoming Outgoing 2020 . Energy Pmjeets EVS 2.925 2.925 2,925 2.925 Total restncted funds Analysis of net assets behveen fun(ts Group General Designated Rèstricted Funds Funds Fund rotai Funds Tangible fixed assets Intangible fixed assets Current assets Gurrenl liabilities Provisths forliabilities and charg8S 33.367 33.367 2,007 176, 710 (67.980J f261) 173.785 f6T.980) (261) 140,912 2.925 2,925 143.837 Charlty General Deslgnated Restrlcted Funds Funds Funds Total Funds rangible fixed assets Intangible fixed assets Fixed a￿e[ investments Currents assets Curftnf liabilit￿$ 31.991 241 31,991 241 82. 130 (4.391) 2,925 85,055 (4,39t) 109,974 2,925 112,899 Page 25