ATE E YEAR LY2 BER: 06 *AA3JCZQR* 3010412021 COMPANIES HOUSE A15 #175 TEMEN ENDED IndeFeThknt Auditors, Repjt li 4Klated Ststemat d RnarThl kbwtie5 14 15 16 Notes Forniing Part ofthe ￿narthI 9at￿￿ts 17 REPORT E14DEO 3 Charity Nan Charity registra￿ nurnt Company registratiC￿ numttr. Regi*tr8J Offi Qty Year UK 1131350 $965846 . 62 thrte LK￿ Stre4 Luthn Nl 9PP J¢￿than Be& Aliza Btsthn7an-Oknfe Annmaura ConnrA Matthew Da￿e5 Cardine aartt awr of thè Bts3fd Arw"nt8J tr ju￿ 2020 Re￿gn&Y 4h tknnter 2019 Joseph Knoll Jim Balfanz Patrick Hahety Pauline Maddis( R(K1ney Williams Senior managemerttram Kewn Munday A￿. Sham7a Craig Burgess Detra Buthe &mon HeFthm t*ity Chief EX￿the th 12 Sept￿￿￿¥ 2019 Chef Cir&tr of & MarketirKJ Cirector l*oJtBmme5 Auditor& Knox CTfKEr LLP Chartered Acc(￿￿trnts 65 Leadenhall St Lon¢Jon E(3A 2AD Bankevs CAF Bank 25 Hill AN r￿ Hill West Mallir ME19 4TA ' Sdiators Ashu￿ LLP Broadwalk H(yJse 5 App(Ad Street London EC2A 2HA Page I THE YEAR ENDE LY 2020 In developing the i￿￿￿VeS for the year and in FlanniThJ 0￿ aknb"es. the Trustees have C￿r￿mIered the Charity CoTh¥njSs¢￿,S gu*JarKe puith'c Oty Year UK'5 as set out in the c(mtained i) cw)arfs n￿￿￿uM of a￿￿)atIon the put4ic to: Ptr(Mnote the edwAtiC￿ (l￿1￿J1r#J tr￿ xoal a￿1 rknys¥31 trainirKJ) of Fe¥4e under the age of 25 yeats in tr* Unitaj ￿"n9th￿￿, in th ways as Dir￿tr￿ think fi( I￿vdIng by organising and assisting with the ￿c￿S7On L* voluntews tr) thds. to act as tuth w to ￿ n￿ntOrS a￿1 role modds to StL*￿ts. and suppJrt6I vdunteerirwj CPFJels in pup'b growro w in g)me of the most di5athantsg8J ecfflmunit￿S in the UK. Year eXr**n￿ errp)h*ts ths exceptional and divwse group of to realise their own aspirat￿$ and grow as tealers. thrO￿h their imm on thild￿'S lives and thrc44h trainirwj and coathiry and oreer otp)rttJnities. Our v(4unteers re(eve tesp)ke trair1￿ to er6we tw are wetlired to work with thibJM in a schc context. They alg) gain em￿0Va￿.1Ity skills from their ￿rk exreriu￿, and extra porbjniti.es fry trainirKJ in kndef5hip skills, w￿rk sha(hMrnJ frcm oJp)Tats parts￿ are suptorted into ccfibnuaj edLtsttcfi, emF4W tr trainirKJ tost vc4untsirKJ. fjty Year UK help5 sch(th d(￿ athEVeTh￿nt gap, iry kxovidiThJ teams of hNJhfy traiwl fvll tir vdunteer5 to supyrt wpjls arKJ raise attainment f￿ those rr*)st in r*8J. (￿r teams seNe in %hcds where more than 30% of the PXJFils are from that have felt the eff&t of Fovety (eligble for Pupil Premium). They sutwt ttyed (c¥) a Y￿S li￿} that the s(hds have idents.fied as ne8Jir a(ktitional hdp with ENJlish, maths, LEhavI￿r or att￿arKe. crry YEAR UK FOR THE YEAR ENDED 31JULY 2020 Crty Year UK tryramn* the kw n￿SU￿5. Raisng tr* aspiratms. a￿jern￿ attpdnnrt attenda￿e and tthaviJur rf Nj￿1$ from disadvantawj or hard to reth ccrfnmuniti&: Building the* pupils rrL)tsvab"on and aigaw)rt incTea9ThJ tha"r eni)yTMt of sdKd; and Preparing 1&25 year (Ads for the bthing world. gving tr￿ the 5kn.lfs tr) make a success of thwr lives and Create self-O)nftdent leaders have ts pa5wm. valL*S and to o)ntriLntr to their communities <￿tsIde of Oty Year UL Data frem sxrr partner that the attsinffert gpp *there Oty Year UK teams wc*k wlly does . narrow. Average attendan￿ fer our trIge￿ wpils itKr&ises in most sd)CM)b arny tse a￿ dear (kmnward trends in negative behavhwr over the tr￿rse of the year. thr t￿d￿e-baSeI nK•Jel and the qualty of its impFementsti¢n have teen ￿dised on mulbF4e CYS￿1 insWc(s and 5th(￿$ r￿nvest in a C Year UK te￿ll three cMJt cl ftsJ. The 18 to 25.year-obJs ￿lUnteer, kne the ijty Year t*Dyamme mcre hkdy to W into work c* further UC3ts'¢Jn, what￿￿ thar background. and are mL¥e ready f¢y SCKial leaderthip. (kjr vdunteers are ￿￿allY and ajlturally divu5e. with 40¥0 corThrvJ frryn a free s¢ttKxA meal tSxkgr￿jnd and 63% dassl￿.ng them5eJves as Bla(K Asan or from a miw.ty £*hn￿ Volunteer5 rekK)rt that trE impatt L* tt￿1r City Year UK exFen￿￿ s byjg la5bTrJi to kw ￿[4)yat1.11ty skn.lls arwj infyJenang their reer of Cth￿. Celebrating our 10th annivetsary This year was our Icth year of seyvi￿ aThJ began 2019120 WTth a nati(￿1 otening (* evenL whith for the first time br(yJght tojether all of our voluntews armss the (C￿nty. We are ddwJhteJ that in the kn year5 sirKe Crty Year UK was la￿￿1. 1,292 young PWF4e have put ￿ the r&1 jacket and sewj, They have cc41&bvety kxov*JgJ rrfft than 1,845.307 h￿rS of yJptXJrt in 74 ¥hcd& Our FIan￿j 10th annib￿ry gala thnner W to be w5ttxyEd due to the cov1￿19 paTrlem& though re able to ha￿ a virtual ceIthtiC￿ in 2020. 2019120 was a year of for Cty Year UK ir*J*J the whrAe ￿tsted ty the start of COVID-19 paTh*mic. HaviThJ in the year rdresh&l bjsiness [￿an, v* f(￿Sed gruhing wr impatt, ￿ that ¥￿ have a yst and prova) pr03ram￿￿ rea(ty scale. 12 n￿nths, we hwe made go(xY Ewojress against this rlan. As a result. in the oThtng 12 n￿th5 V￿ wrll with ￿￿rtner thcxS5. engaging a hightr numter of vc4unteers aThl t￿ye wpm'ng nKwe students than ever tef0￿.. Page 3 FOR E YEAR ENDED 31JU Priority Key achle*mwts in 2019120 Improve the volunteer offer andexperience 1. Enhanced reuuitinent and onboarding procew. dat3-1￿￿en S(￿ media campaign, easier aF¢4icati￿ rxocess, ￿rTh)te se1811￿. 2. Updated Personal Developmert Plannirwj prnce5s. bult arouNJ new Skills Buikler frarnewrf" 3. Updated leadership and develOp￿t pro9ramme; Qualifications for more tsY)Iunt￿$- ind￿lIng the agre Th. c9rnMn￿ arnj a CMI ￿thShIp aTrl n￿nag￿lt qualifiotion ddJ"vered in-hw,. 5. Enhanced oreers and pro9resslon offer. bJildw)9 cn ujr pkt last year. Strengthen our 1. Updated Partnership Delivery Agreoment template- dearer on rdes and respx*tstt4Irt￿ cl us and the ￿¢¢45. 2. Managed SOU￿ of acts¥itits' menu . list crf ￿t￿tio1 for schcds to chc*￿ from; 3. School vision and timetabling process. to make are dear on exFettations and tw are ￿li￿at￿e. 4. Shorter impart wel￿S- ugng a naticfftl tffnth, lyjt fc￿￿1 on the thiros eèch xthc(A cares atr￿ut: aTh S. Ytsirvround partner stewanlship. dearw wlv) ctes w￿t and when. partnerships Drive up the quality of pro9ramme delivery to pupils 1. Progrnmme toolkits. gx*J guides f￿ eath of our rTr3in actiwties 2. Focus on coaching and mentNing - ne•V skn.lls from trdinirwJ delivu&J to stsff voluntws. intrO(hJth.￿ of ￿ kngths DIffKU￿ ￿estiC￿naIre and the ne 4. Building our cfjMpaten￿ in tutoring- I:1 ￿ small grwp EThJli and Ma￿, ￿rrtJ a Oty Year aFvoath: a￿1 5. aubs in a Iw - 10 sirryAe after sthrxA dubs that on stsrt straight away. As a r￿Ult ￿ our durry 2019120: 126 Vclunteer Memtor5 serv8J atros5 Lw(kn, the West MiolaTrts and Marthets, ofwhyn 104 Cmlk*t8J a full year of 5eNice, our higtr*st 0ynr4eb.￿ rnte for rrKKe than 3 years; 186.511 h(NJrs of v(Auntrry savKe were giva) to wpls ￿ the ￿th01e schcd conynunty," ar¥J 814 wpi15 were prov*Jed d&Jicated I:1 YJFP During the first six months of ￿r gjpprf ￿ saw these PUFrfls made Wc31 imprOver￿ts to xrial and . emotional leamirKJ, attendan￿ and L*l¥av￿r at arKI academic attainnEnt: cfver 60% of pupils impYov&J or maintsined th8r overall attenda￿e. arKI 65% of wpils imwml ￿ mainta.wj attainffwt in E￿lIsh and 60% in Matskn However, when 5cho)Is durirg ts COVIL>19 kKk(kMn, wwe rnt atrde to continue to trad( their pr(¥4ress in our usual way. Whilst the pandemic had a diguptsve effLxt C￿ ojr Ndunteers, we were at4e to sts"Il yJrp)rt the develoF￿*nt of their wnployats'lty Skills, indudir¥J thrO￿h a virthl leadership prTrJrdmme, with: JI volunteers sawng the ￿￿erie￿e them to build e$sa￿"al sb.lls that tw couhl use to apFty to any job: Page 4 FOR THE YEAR ENDED ULY 93% of vdunteers sayiThJ that ty fdt tKsts¥e atojt tsr flth as a re￿￿ cl thar Oty Year eXr￿r￿Ce. and (kn 9M of vdunteer5 re4xNNtsJ into furttv ernF4Trffl￿t ￿ tr7ining within three mc¥rths (l oTrduating fr(*n Cfty y￿r. Our COVID.19 respo In the later ha￿ of the year, Oty YeJt of fundraisir activitie& Financial revivdv This year we have iJdiver8J the wc*Jranune into 22 across four sites. To a¢thi￿ gtht￿ oFerating efficiency. ￿ made three roas r8JLThYant oTrJ ftrther #aff tsr hrkjrs, rea￿1￿j our skff heAdcount ￿ rEXt year by ff¥ye than ftxjr fvll-tinE e]uivaknts FQS In the ctW cl thinge the Ctnxlidated Stat￿l￿t c* ￿Tkir￿al AdNitie5 13 of these finanaal statements 51kTh¥s net irKomir¥J rsJurce5 the year ended 31 JLty 2020 of £21.490. is the re5Ldt Lf totsl i￿1r0 re9￿r￿ d £2,676.173 toial re9)Ur￿ of £2,654,683. Thi5 has resuJteJ in urweAritteJ furbts rA £311.968 arKI restrKted fvrnls (O nil at the year end. Poge 5 YEARUK EAR ENDED ULY Trustees. is to rtain a levd cl reserve5 from unrestiict&l ir￿fft to; Ertsure that the dwnty can C£¥*In￿ to fft a stat4e htyqualty Sery1￿ to (xjr Provide suffiCi￿t thng fry the F4ann&J acbvibe5 f¢x the fdhThing yEar M*t UWF&ted cc6ts such as1055 crf W per9J)nd. strff ccNer frx illrE5S. Th￿t￿nty CY paternity leave, or the legal costs def￿dIr￿j the dwrib.es interest Invest in ¢Nganisattonal de￿t to SUFPYt thj-term ¥ability and su5tsinat4.lity Meet all c(K)tr￿1 Iwbilib"es, a￿1 in ￿ wt of the (S)sure have provision set aside raJundaw costs, liabilities to cra1￿5 any e￿5t1￿j lease cc*nmrtnEnts wa￿ quiprrtht as it V•Ears (yjt Wh￿th is rrt fuThtsJ ty reStr￿t￿ fur¥J The reswves at 31 July 2020 stsThJ at [311,￿ crykirey to £2￿,478 in FY19. Tr unre4yKtgJ res8ves after adJusts"TrJ for those reswves that be realiz&l by disrN)5al of tangitle fix&J a5*ts (free reserves) amourt to £311.507 c0mkkir￿j to £269.855, an rKyease of £41.652. The Trustees estimate that a l￿dent of unrestrictay res￿Ve5 ro]uirqJ for the tharity to c(ynply with its reswes is to three ft￿th$ Ot totsl exrthjiture whtth at ￿ year*Thl indicates free re5 LEtsyeen £442,447 arxl £663,671. The charity i4 beginnry to increoe its res￿ again Ixt 15 #il tdow the tsrget rar￿ set ty Trustee5 to tske acc(xJnt of OFerab"ng risks army flrtU￿ Tnsttts have therefore set another surplus l￿dget and fvndraising ￿an to re[￿lId to the tsrw I￿￿, ￿￿th the of athiewng this over the next years. In ￿ n￿ntsme. tty have wt in athyitsonal to nTh)n income exFthliiure bghty aThl haNe ¥Jre8J k4ans in case of any unexpthl falls in income. In congdering the likdy gcmng concern of the tharity, trustees have assess8J trnth the pros[￿tt of there tmng gjffiaent cath fkjw over the ￿t t￿ve nx)nths to SlPF*Jt op￿al￿, the likelih¢xrtl of ￿1r￿j able to com￿ete the next aca(iern￿ year 9Jfficient re5eryes ba￿ on ojrrent fundraising prOS￿ts. In mitigation the trustees have 9)ught to ojt eXte￿￿tU￿ for 2020121, i￿1￿1￿j ￿ raluang tsjr o)sts arKI lease liaknli¢*s. Aftsr assesgng ttE5e nsks and nyttgations. ttE tru*e5 feel cC￿fident that our current fundraising strategy VAII regjlt in 9Jffwt inoyt* to re￿01￿ a corKem. The trustees have a19) set deAr Wets and ￿￿15 to make owatiffj aTrJ gruH the re5eThes over t￿ ￿ t¥ We thank all ¢xJr SUFWters to we are deeFty grateful. (kn mairx tyganis)tic￿aI Sour￿ cl fundwvJ In 201SL20 (in alphalAiol C￿) were: AJo"n Gump Strau55 Plauer & Fdd LLP Arrow Glotrkil eain Capital LLC Bank of Amw Baron Davenrnrfs Chanty C￿￿nty University Page 6 YEAR UK ENDED 31JULY 2 Credit Suisse EMEA FoJtsJat CVC Capitsl Parts*rs DHL UK F(￿ndab"on EBM (harJtstAe Tnbst Gatheld Weth Foundatir Gokyman Sachs GNe5 National Grid St James's pk?￿ Fwr¥Jatir The Har3mead Trust The Pilgrim Trust The Rosenkirt Nathan￿ O￿TI￿t* Tn TowerBrc(k Foundab"on Vtr(ex Pharmaceuty"ra Wate5 Fami￿ EntffjMse Trust Pri risks Cty Year U￿S Trustees have corL5idwgJ tr￿ major risks to vthid) the tharity is e¥Eos&J and have revwmed those risks and estst4ith&J rr4ioes. w*ems a￿1 w￿￿ureS to man*Je them. A rsk regi*w Is at least annU￿ly1 a￿1 this is r8Julaty rene%￿ to mits.ghts ttE risks ¢tharity f&es. The wirwal risks are: Loss of fuThJry or inatslity to S￿ thient fur•JirKJ Safeguarding failure for ¥(kn￿ thikl Rewtstional daTrkwe Breach of data security tr C￿lIar￿e Loss of Fraud or finarrial MiSmar4•J￿r￿t City Year UK has a safcguarthro that crNers all wr interactths ￿￿th W￿15 and an volunteers undertake thild training trdLYe teir¥J to b(Aunteer in ￿S C￿ woth th child￿n. Volunte&5, Staff arKI Tn)5￿$ urKkrg) a D85 can tske LP a paid CK voluntsry rcle with Cty Year UK. Policies arkj pr￿￿j￿re5 are in to en9Jre ccmp4lèn￿ wrth the health and safety of wr staff, volunteus vNtors. Thwe are intemal pxlioes and pYc(8Jures coveriTrJ HIL Th. GDPRldat prokn'ffi, prjvacy swjrty as V￿1 as intunal finan(ial cts)trc4s fty the aUth￿"sa￿On of al financial transath.ons and woi Plans for 201￿21 In way4 the thall&w thE ccyjnty fa￿$ rTh a￿ sff¥lar io th)se 10 Yea￿ op, %*then we founded Oty Year UK in the aftermath of tt* 9l¢A)al finamal oiss. At the time. ￿e million ycwThJ people were vnempl(ryed, and ojr f￿nd￿5 swht to find a to a C(￿n￿ wotrAem - if you had no exFerlen￿, Y￿ cc*Jldnt get a pb; yet rf you have a Tr*i, cryjld yfAJ get the eX￿er1en￿? Following the covit>19 tkindemK, the UK d(P￿lUM 15 liw to Nave a sifftlar effett ￿ wljic S￿nding and y(th unemployment. We ne8J to hdp youNJ furthest frcffl the L3txxJr mathet and with the least al c3ptsI to devdop their emthatility skj.1￿ and te3)me active community leaders. In additson, this we have the extra thalle￿ th￿re rf ￿1¥xIS leaviThJ many young p￿￿e without ac￿$5 to educati￿ and 9Jpptr( thhn gx monts We neej to quKkly IEIp 51udents rwr from the leamw￿ loss aThJ rgjain a ￿se cl ¥￿Il-te.r1J. S), we are delithl Ihat of the 22 9ttKds ¥￿ with ￿ ￿r, 12 th￿r p*trership. This 57% renevlal is an improV￿nent over the rate in 2019120. In a(kJtrffi, welccffte 13 new sthool partner& The ktss cl leaming caLwJ by the tcwher with the add￿lOnal funds made availatle to help thols im￿emart a&lIts"(￿l tyJkn"ng, swns to have ￿ in our fav￿r. We are partiojlarty tdeased Page 7 'RE th the stsrt c* a 'sp*' %te in Blad( Ctyjnty, an area of the West Midlands et￿ompaSsir￿j Wdvethampton Walsall. The 4 in this w are Fert of the Ckmston Mults-kndany Trust thain and rfs the first krge trust that have engaged. This year we wll te wothThJ y￿1h ovff 160 r￿l£￿5, a third trnre than last year. Thi5 is the first "ffle in more than three years ttwt Ke fi118J all d our team5 ikn the stsrt of the sd)ool year and have Eeen at4e to inuease (￿r average team 9ze fw 5 to 6 vduntew rrent¢y& Tr downtum in the pb market and the ￿V(tiOn in other Opkxxtyniti'es nwns that more young are IDJknng for opportun￿"e5 and most 9tes were f￿1 LEtKe ￿ sumrrer ￿41da￿ This is part￿1)￿¥ notsble, as all recruthient and retention acbvty had to shrted c￿lIne. We relièj I￿vIlY ￿ wr digrtal ompaMJn, which laj to irKreas8J lead generdts'cn and èttracij.on of y￿rrfj wrthin the right group. We are rkirb'cular pkased that our vc4unteer5 are nK￿e ljwn e4V tthe. 75% 0)ming from t4)(t A9an aTh minority ethnK communrtie5. When sdKYJls re0Fa￿d in Seprtwmber, Crynlre￿ed full.b"nE servrce in 9d¥xds agaill ￿ thts cohort of new vdunteets. AJI of cJJr Vdunteer Mentors are ￿rrenty servirvJ full-b'me. HCfy¥￿, some schools have to isolate individual dasses aThJ the rsk of futu￿ Ic(k(kA*A￿ Ire￿$ tst we are ready to quIc￿Y trartsition to virtL431 srn again rf requir&J. In antsopaticn of futylrasing rwnainirvj constrainaj 12 n￿ths, v* have made a series of organisab.onal thanges de￿"9n￿l to our oists. We are klannirwJ to kave cur ￿tir￿j Manchester and London proFerties, moving to smaller aThY offte Spa￿ and ￿rrtj hir8J training venues for ddivery of the leadership develotxwt prcoTrmme. We a￿ akn thlayirKJ SO￿ of ￿ Flann&1'n￿ to have, proJramme improvements, indLbding ￿ thkyirYJ the WKkr rc41 ojt of qu)IrfKatbons for volunteers, the irfftase in ￿reeTS and prcrfjres5N￿ swxyt of t￿]ran￿￿ hnarKial gwants. We aim to restart the IM￿ement3￿M of these when ￿TrIraNrrfJ allcws. Oty Year UK is a WLStered comtwny limited ty guardntee, inC￿rat￿l cffl 17 Juty 2009 and ￿lSter￿j as a tharity on 25 August 2009. It was eslBtIis￿ uThJer a MawdNlum of Assts)"atKM ¥thid) defines tts obietts pows arml is goverwj its Arts"d￿ of AsxoaIi￿. In ts event of the company teing wwrKI up, members (who a￿ ajrrerty TrL&ees d the thhrityl are rts]￿red to C£￿TibUte an amjnt not exce&Jing £10. directors of the coM￿lnV are al￿ tharity Tru5t*s the PUTF¥)ses of dlarity law. Under the reqyirements of the Mer￿QndUm and A￿"deS of A&￿"aticm. Trustees Save a thre&year term. Try 12n rfrdett&l and g¥Éralty seTve a nwimum of three twms. Tr* a￿deS make rxOvi￿n for Trustee5 to serve adJIt'L￿al in exceptsonal orCuMsts￿ and ¥Yrth ts ￿￿￿nImOuS agreement of all cther Trustees. txjring the year, one tTUStee was elthy. a￿1 iwo e%istiThJ trustees ￿tre addit'ional terms A]1 Trustees gave th￿r b.me Kluntsrily and rErave no teth fron the tharity. An i¢xluthon pack for Tnsttts is in pla￿, aThi aN rE•V TrLtstees are invitai to w7th ￿ Chair arKI (hi Executive to disCUS5 the work of tharity and in rorb.wlar to be Inf0rr￿ of: ot41gati￿S ofTrustees: main thxurrEnts whith tr￿ cwatKK￿I frameth ftr the olarity iThj￿￿ln9 tr MeIr￿aTr￿um aThJ ArtKles: Page 8 Restsjrong arml the current fiwial aThl Fubjre and [￿j.e(tI¥es. Trust￿, ne&ls are assess&l an ifft*vxlual b)sis. aThJ traiff4rKJ is rf r8]uir&l. tkn'ng the year, all trustees recwved training ￿ tha"r safeguardiro duties. Cty Year UK has a cl Trustees who n￿t q￿rterty. as well as dthjab.ng ¥*cialist matters to (ommittees ￿re appyopriate. Colknety are r￿￿"￿4e the strategic di￿tiOn, ￿licY ar¥J fKK3ncial 5UStainaiN"Iity of the clwrty. At ￿￿e￿t. the Pthrd ha5 ten TrLtsts from a variety of t￿ofeS￿onal téckgrojnds reknt tt) aty Year UK'S R&ommendaD'on5 c￿ strategK directiL￿, finaTrial tryress aTrJ day to thy mawenMt c* the charity's actiwb'es are ddi¥ff8J ty the sen￿￿ ￿1p aThJ iyitler staff tearrL Pay and remunerati￿ cl the senicf ieknth"p team are set thief EX￿￿ ￿ refere￿e to t¢)th internal pay scaks arKI extemal terthrkn"rKJ. This LKre5s the Trust￿ for the remunerdtion of the Chief Exeojtiva Q'ty Year UK OFQTrtes Lmder an Int￿￿t￿l affiliatson agreement Oty Year IrL, a not for prft regISte￿d in the US. Tr te(hnical assiSta￿e and affiliaticfi agreeTr￿t gives Oty Year UK to use the proven Cty Year t￿. rAcNJramme desgn. The affiliatKffl agreeff*nt came up for renvNal in D￿mber 2019 foithry a recwtifiC￿C*I tKrKess was agread for a fvrthu iwo year& The trustees (wtrKJ are also the dirKtus of Cty Year UK ftr ts pUrFrfw￿ c* CoM￿nY law) are responsible for kxep3riThJ the Re￿rt cl the Trust￿ arKI the finawal ststern￿ts in aCcC￿d3rte with aFplicable law and Unit8J King¢th AccountÉThJ Standards IUnrt8J C*neralW Acc£[￿ Ac{￿ntiThJ Practice). induding Finanoal Rerortirrfj Stsndard 102 Tr Financial Repytir¥J Str￿ ar¥Aioble in. the UK and Rewkjic of Irdand.. Company law requires the trustees to wepare ffinar￿ial statements for eath finanoal year whth gwe a tsije and fair view of the state ol affairs c* ￿ charrtabte ccffjpany and of the ir￿f￿1r@ r￿￿r￿S aPF4ication resour￿, indudiry and exrEryJiture of ￿ dBrtstle ccKntwy tr￿t reic*J. In pretwring those financial statanents. the trLtstees are rewir&l to; Selert suitsb4e KcwntirwJ wli(iÉs aThJ them ￿51Stentty Obsetve the n￿th{Mts a￿1 wnorAes in ￿ Charity ￿)Rp Make Judgements aThJ estimates that are rea￿lble and that the charitable a￿n￿ynY will c￿ltin￿ in ￿1r￿Ss. The trustees are reskXXBtAe for kw'ng prrw accountsThJ r￿d$ vthith dith with reascl)ab￿ accuracy at any b"nE fv finanoal rxtsitson of the d￿ritat￿e ccKn(Niny aThJ to enatAe them to Lytsure that the financial sktsments CoM￿Y with ts COm￿nieS Att 2tX6. Try are a19) re¥￿51￿￿e for safeguarding the assets of the charitatAe cc*npany and ￿ce tskn"TrJ steps fc* ￿ ￿events"On and detecticfi of fraud and cther irregulariti& Page 9 In so far as the tru&tts a￿ Th&e is ￿ rebort audit infrynMkn rf *tKh clwital* c(xnpanVs a￿art￿5 are unawa￿. and The Inthes ha%E tskEn all steis that thw ouglrt ID ￿¥¢ tsk£n to ffoke then￿dv&S aware of any rekvart audit inf￿rn￿ atKI to ￿6h that ts a￿litI)S a￿ aware c(th* intswobcffi. The ttstees a￿ ￿nSits￿ for fftant￿an￿ aFMI intsjrity of the corpJBte and financÉal inforwotion ￿nd￿￿ed on the tharitsNe comrkiny* I￿. LeJistatkM in the Unibj g)verning the preparntb)n and d65emlnatnn of finanaal state1￿￿ nw diifer ff(Mn begigalion in cts jurisdKtKsts. Auditors This r4¥yt was atW¥Ed ty the TnL#&S ￿ 21)ecartw 2020 aTrJ orderrfthe knrd Jwthan Beek (Chair ofTnts) 2 ()e£tsni*r 2020 Page io ErirAU THE ME OF Opinion We have audited the finarKial gatements of fjty Year UK (tr￿'pa￿nt charf arKI its sub&diary {toJether 'ttR'group? for the year end8J 31 July 2020 w1￿ch comw5e the con501idatèJ ststement of finanoal aCti￿ltieS, the C¢￿￿11￿0￿j arnl thèrty t￿l￿n￿ sheets, COn9￿ldat￿￿ staterrent d cash flows and r¥rtes to the finanaal statem￿ts. Indudiro a summary of sgnffiont accounb"ThJ Fdicie5. The finanaal rqyJrting framewot* that has LEen appl￿￿ in their pYeparatKfft is apWKatle law aThS Unitd Kifvykfft Acoxjntir Stsndards. induding ￿nan0a1 Rewting *ThJard 102 s&nd&da￿Ir6tstr in the U andReoJblK olJrdatL¥IUnited Ga￿allY Act4*ed AC￿Jntsry PractKe). In our opnicffl, the ffinarKial $￿t￿￿rtS.. give a true aThJ fair view of the state rf the grC￿p's arKI paT￿rt dwrity's affairs as at 31 My 2020 and of the group's inc¢yne aThJ expaxliture fci year then have teen prepared in accordan￿ with unit￿ Ga)eral￿ Accqked P£c(yJnts"rrfJ Pracb"ce; have t￿n kYepar&l in ￿ryth the requsrwn¥%s d tr* C￿nIeS kt 2(N)6. Basis for opinion We 0)nduct￿l our a￿11t n accor(tsr￿ *ith Internati￿1 gHTrJards ￿ Auditi"ng (UK) (IS4s {UK)) and atfAioble law. ()Jr resp￿9￿.11tieS undw those stsndards are furt￿ in ￿ Auditorfs re¥M)nsibilths for audit of the fina￿01 $tstry￿ts $￿In of our reprt We a￿ iTrJeF¢nd￿t of the group in aCcLKdan￿ with the ethKal r8]uirwrthts that are rdevant to (yJr aL*Jrt of ￿ finanaal stateM￿ts in the induding the FRCS Ethical Stsndard, a￿1 have fulfilled rAher ethK81 respx)ngbilities in accordan￿ with these NuirerrEnlS We tel￿￿e that the aujrt ￿1(kn￿ we have obtsin&l is aTrJ aFwwate to wowde a ba's for cpnKn. Conclusions rditing to going concern We have nothing to re[￿t in re¥*d of the fdknm.ng matters in rthtwy) to the IS4s (UK) wuire us to rewt to you wh￿e.. the trustees. use of the gjng bags of accounbng in ￿ wep3ration 17f finar￿al ststeM￿ts is not aFffcyriate; (Y the trustees F43ve not in the finanoal any thtified mat*ial uncertainties that may ca* signifiont atKut the grrAJP'S or parent tharf5 aENlity to conb.nue to adotrt the g￿n9 con￿rn basis of accountiro for a FericAJ c* at lea* ts¥dve IT*￿S from date the financial statunents ' &e auth￿5￿1 fv issue. Other infomi•tion The other InftymatK￿ comprises ￿ Informa￿ indUd￿l in the amLbal rewt, othw than the finatKial Our opinion ¢￿ the finarwial statements dces ￿t crNer the othw infom￿￿ aThJ, except to the othwise ￿lCib￿ stst￿l in our repwxt, v* (k) not exwess any fonm of as5urnn￿ o)ndugon thereon. In cOnt￿"On with our of the ￿Trar￿la1 S*at￿￿)ts. res[L￿L¥l1ty is to read the crther 1nfommt￿J and. in doing 50, consKler whets the otlw infcymaknn 15 materialty incLMssient with the finanoal statements ￿ tsjr kn(ywl&Jge obtsiwj in the audit ￿ Othe￿ aprears to te materially misstatel. If we identify SLKh rnaterial incongstenoe5 ￿ a[pa￿t makn.al rnisststem￿ts, we are r￿uir￿j to detem)ine whether there is a mafrrial misstatwwt in Ihe finarKial *ate￿ts CT a maten.al misstatement of the other Inf￿￿(#). If, tkisay on the ¥¥otk we have reform8d, C(￿d￿le that there ts a material misstatement of this othu infomti¢n, we are requir8J to rep￿rt tlN3t facL We have Th)thiro to in this regard. Page 11 PEND AuD￿oRs. THE MEMBERS OF YEAR U Opinlons on other matters p￿￿Ebed by the Comp•nies Act 2006 In our o￿niOn, based u[k1&trk￿ in ￿ a￿15e of the audit.. the Infomiat￿)n given in the trustee5' reprt whth indudes the dirth, rep>t try)ared for the pur￿Se5 of compary kiw. frx the finarKial year fcr which the finarKial stateM￿ts are prppar&J is C￿sStert wrth finanaal stat￿ts,. arxl the directry5' repJrt indu￿1 ¥vithift ￿ trust*s' retut Ikis in èxtsdan￿ aFrlicable legal r4uirement& Matters on which we are required to rewt by e￿PIlon In the light of knowl&*e and urKlerstarKJiThJ of the gr¢JJp the pyent tharity and its •wiroNnent obtsined in the course of the aud¢ ha￿ nct rdentiftsj material mrsststanats in the dir&ttrs' reF¢Jt indud&l ￿1n tsu5tees' reimyt. We have nothing to report ￿ re5m rf the fcAkn¥iro mattw5 in rdaticffl to whith ￿ Companies Act 2006 r8]uire5 US to rekxrt to if. in fAJr ¢winion.' ad4uate acc(wnb"ng reccyds have not kegt. ty a￿￿te fry our aLxlit have not teen receiv&1 from t*an(hes nc* vi%t8J Iw us.. or the financ7al statements are Th)t in agreemwrt *thth ts accwntiThJ r￿￿rdS rdums: ¢y c&tsin dixjosures of trustees, remun￿1￿ law are not made: we have nct recevgj all lnforrr￿tiO￿ aTrJ extAanaticffls we ￿￿lre ¢JJr audit; or the tWStees v￿e not to tryare ￿ fInar￿la1 statawfs in actL¥dan￿ wfth the sma crxnpanies reginE ￿ tske athntage of tt￿ Thll companEs' eXwn[￿.OnS in preroring the truth reF¢Xt arnl f￿7 reqUirem￿t to FYeF0re a 5tTrteg￿ re Rwsibllftles of trustees As explainaj more fvlty in the trustees, re5F￿b￿ltseS Statwt set page 9. ￿ lJu*s are also the directors of the tharitatrAe cl￿npanY fcf wrFose5 of 0)M￿7nY taw) are resp)nyble for the eparats.on cl the finanaal statements and trk4"ThJ sabsfi8J that ty give a t￿￿ aTrJ fair Vitr￿, and for sud) intemal control as the trustees detwmine is n￿wary to ffotAe the p￿arat￿￿ c< finaroal St￿M￿ts that are free from material Misstst￿L to fra￿1 or WTOr. In preparing the financial staternts. ￿ tru5tee5 a￿ re4v614e for assessing the group's and ￿￿nt charitys abilty to conb.nue as a gOI￿j c(￿￿n, dithy"wJ. as a[pl￿￿￿e, n￿tter$ rdat&l to goitvj o)ncem and using the going C￿￿eT￿ bass of ￿Inting Ul￿e$S ￿ trust&s ather intend to hquidate the group or paMt charity or to cease cf*atNJ)s. (w have no realthc altemab.ve txtt to s Auditorfs responsibilities the audit of the financial statem t￿r ¢)bjKb'ves are to cbtsin reasonab￿ assuran￿ abjjt wlthr the finarrial stat¥nents as a whcle are free from matw.al misststa￿L wwher to fra￿1 or error, atNJ to issue an aLkJitrJ r4iJJ2) 121.332) TKxal Fuv* Fxffl as there is a I￿jaI or constrLth otAigab"on tommitb.ng the tharty to that eV￿liture, rt is that a transfer of economic ￿nefIts I be rLyuired in settIerr￿t and tr* aTT￿lnt ￿ the rtIKJation can te measured reliably. Ex￿libJre is recL¥Jnised an acuuals bas& Wha)w pwile, eXp*rKlibj￿ is alt￿at￿￿ rect to the activity to whith it relate5 on an aLtJJal bag.s. acbJal alhX3t￿ is rrtJsgt4e the CDSts are a[w1i￿d C￿ the basis of staff costs. (h) Re%tri¢W Fund5 Where income is given for a ¥ttific pur￿<￿ Cf [￿)ec￿ the fvnds are treat8J as restritted and any svrpius tr defiot will te fr#v￿d as a r&ricted futKI unbl it is fvlly aFpli8J fw the $k￿fi￿1 Wr￿Se$. Value Added Tax The charitab￿ CorTwany for Val￿ tsx (VAT) inw tsx is not (J.) Pensi¢)n absts The d)arity has a defined cc¥kntyJkn I)en￿ Empkw O￿tri￿￿jt￿￿s are tharg&J to siatunent d finarKial activ(o"es in to which relate. {k) rinancial instruments The charity ￿9S finarKial assets and fiab"lities of a that quafrfy as basic financial InstrUrrEn￿ These are initially rerc¢Jnisal at trar￿￿"on value and SUbSeqL￿ valL*d at th￿r Page 18 EYEAR EN ED ij GRANTS AND DONATIONS 2020 Totsl 2019 Total Grafftts London West Mkllands 128.19) 283.644 48,5 303,872 764.2% 128.1 283,644 48,59) 303,872 764,296 111.455 87,858 742 901 1,706,510 336,897 108,862 64,333 35,￿0 545,092 Central tosts Gala dinner Govemm&rt fiJrt￿h grants Unrestn'ct8 111.455 87.858 942,214 764.296 1529,217 Donations in Klnd Computer a]U1w￿t-Ia[￿C($ liPads Stsff trdining fundèj thrO￿￿h transfer of Apprent￿hIp Levy 4,326 6.720 Amazcn VCuC￿ alu￿￿1 1714 930 1533 643 Th&e £8.420 in Val￿ (b￿￿tiC￿5 in kiThJ thrir#J FY20 {FY19 £4.426). ral d tsjr fvnders re#rict their grviry tiihLY to a region C￿ to a team ￿ vdunteer5. We have grourtd these reyhjn for re￿ts'ng WfFoses and have sq)3ratdy shoym any other rKioJ ftJnd5 nrt refinal ty region. Iwt ty other Page 19 TO FINANC E YEAR ENDED IJULY 202 COMMERCIAL TRADING OPERATIONS AND INVEsfMENT IN TRADING SUBSIDIARY The tradirvj 5ubsKfrary. Qty Year Tr&Jir*J 7ht*ich was irthrorntèl In the Unl￿￿ kn"nty*)m 3 N￿b￿ 2010, rwdtes all rrmnrneraal tradir¥J OWdts"¢J)s carri8J ¢Jrt ty the Charity. The (hanty the ￿'re Is5￿ thare capitrl of l thare with a nominal value of £1. A surrffiary of the trading results ère slkmn tthv: . 2020 2019 Totsl Summary Profft and Low Acrourt Tumover ministrats"c￿ eyrEes 10,829 Managerrent fee to thrity Pn)fit bth taxab'on Tax Retri￿4 earnings Retair￿ earnirvJs broLvJht forward Gift Donation to Parent c￿￿rity 3,C63 Rela¥￿ eamings carri8J fCfbY￿d 31July 2020 31July 2019 Summary BalaTh￿ S￿¢t OJrMt Assets Cxejitors: Amounts fallng due wthin year Totsl Ket Assets Aggregak knre Caytrl aThJ R￿e5 1,888 9,053 341 341 Page 20 20 X119 T•lal (I'rert Prtoran*YÉstsir 851754 554.310 486,495 91,gJB 948,487 512,787 536, 109.561 45.991 287.sn 166.733 Vduntetr EKp¥ .495 91.X 46,Y)i 45,418 45.418 Trai￿ng 19,531 246.832 17,463 .4J) 32,262 67,751 31262 67.757 17.Q39 16.530 tr & Teknrr 8.557 16,5trJ 17,769 35.1 26,747 IS,595 6,9)7 17,024 CL¥nmunica Legal & F*frfe$9rn¥ 14,357 14,357 Ftsndra￿ng E¥ert5 twrea*on Fee 20.625 20,625 291￿3 1.633X¥JI 729.316 1654,683 1675,840 Realocat￿ ofswjt 291.kn3 ?￿62.￿0 I6￿,68) 2,67S,840 PèJE 21 CTfY YEAR UK E FINANCIAL STATEME EAR EN FOR TH NEf INCOMING RESIXIRCES FOR ThE YEAR Y￿r Ended 31Juty 2020 Year Ended 31July 2019 This is stat8J aftw dwryirul(rrnJibr#J): Depre(iation Cwatsng lease tharges- Land & tKuldir￿s Auditor5 RenwJneratK 20,625 155,903 17,024 164,712 Salaries and Waoes Srxial SoJJrity Costs PenSIc￿ Costs RedurKkrKy costs 1,327,769 120,368 45,914 1.409,304 115,850 45.681 1 $70 835 Ernp￿S vats) tmefits. eYd(Kkng ￿S1￿ (￿tri￿[￿onS in excess of £60,000 duriKKJ the current roicd.. pi É60,lYJO to £70,￿0 £70,(K)i to £80,CiIO £89,￿1 to £IOO,OLIJ average numtv d emF10￿5 durirwj ts year was as fC1kn￿.. . No. 28 12 program￿ Stsff Fundraigng* AdminiStratiC￿ aThJ 12 42 tharity has a defined sthen* its ￿t40Y￿ l April 2017 tharity has this cty) an auto enrcln*nt basi> In the curwt year contn'butions were paid behaff of 40 emFknV￿ (2019.44). As at the year aKI. £8.545 was wtstsndirwJ (2019: £8,889). KEY MANAGEMENT PERSONNEL The W Manag￿rent of the thwity are t1xy￿ having auttrwty arkl reSP￿S*l¥l1ty for pAanning, direcb"NJ and C￿trr￿lln9 the actrwtie5 of the enb'ty, dIr￿ty ￿ indirectlyi iflduding any trustee cl the ￿tr"ty. Fc* Oty Year UK ty ccffiprise the TnJ5tees aTrJ senior management team. total empby* teneffts, ind￿￿1r￿J ryloyer ¢onth"bub"￿s, payatAe to key mawement Fer￿n￿ durirKJ the year amcMJnted to £323,147 (2019: £267,687). In FY19 several of the k management rdes s%Ere vKant for a 5wJnificant ￿1ClI. Page 22 THE YEAR ENDED 31JULY 2020 TRusfEE REMUNERATION AND RELATED PARTY TAANSAcfioNS None of the Trust￿ any rernun&Bticffl ￿ wwe reimLwrsed ewse5 during the ￿0d (2019.. ￿e). The fdlowing TTUStees also have ser*x r(4es of the charivs key ￿d￿5. Joseph Knc41 Patrick Flaherty ManagirvJ t*"rtxtc*, TtrNertY(x Managirvj [J"rec￿, Cr&lit Suisse. Gbihil Markets Diwsk)n Managir4J ￿'r&tOr, knk of America, Treasury Servi￿, Glcthl Ban￿r￿j & Markets We received of £25,Cth (2019: £199,988) from TVNer￿ £280,c￿l0 (2019.. £250,000) from Cr8Jit Susse a￿1 £173,822 (2019: £97,576 Bank of An￿￿ (fvkmll Lyrth). There were no amunts to ￿ fwmn t￿ fiJrtss at tr* y&ir end. Six trustees also m&Je pa￿al (knaiions to the charity duriro the year arr¥)untèJ to £66,778 in tctsl (2019.. 9'x tLrtalliro £48,408). Trusw, Jarres Balfanz and AnnMauTr Tr￿n￿lY are the of Q"ty Year Inc Chief Straw Offw. respedj'vely. Year UK has an affikn"alTh agreeTh*rt with Oty Year InG under the terms of whith the wcoramme TAXATION As a tharity Qty Year UK is exqnpt fr￿￿ tsx arml 93ins to the exknt that these are aFWieJ to ts tharrtaLle 0￿ No tax tharyes ha￿ arisen in dwnty in t￿ currert pMc*J. 10. TANGIBLE FIXED ASSEfs- GROUP AND PARENT CIIARrrY Equipmert and Fumityre rrttings Totrl At lA￿USt 2019 thitK)nS DisLX)sals At 31 July 2020 104,017 50,425 10,085 164,527 460 460 Accumulated Depreciation At l August 2019 ChaT¢Je for ￿nI)I SPK)5als At 31 July 2019 89.21kS 14.811 ).425 4,271 5.814 I43.￿2 20,625 Net Book Value At 31 July 2020 460 At 31 Juty 2019 Page 23 YEAR UK NCIAL sfATEME DED ULY2 20 FOR THE YEAR E ii. at 31July 2019 31July 2020 inVests￿t in gJb9dkiry UrKtWts￿rwj At C05t £1 £1 12. DEBTORS Group Parent Charlty Asat Asat 31July 31July 2020 2019 Asat 31July 2019 31 luty 2020 Due frcffi Grtyjp Undertakiry Trade Debtors 425 49.413 107.306 17,203 9),133 107.306 17.203 1.715 io,c 15.946 io, 15,945 Other Debtcrs 13. CREDrroRS. AN￿lIT$ FALUIIG DUE wmiipi ONE YEAR Parent Charity Asat 31July 2019 31July 2020 31Juty 2019 31Jufy 2020 Due to Group UrKl&tski Tt3de C￿1rt0rS Taxe5 and knial Security Cther Crnjthrs Ac(7uals and Werrtsy fKune 11,354 48,549 33,572 8,889 26,704 37.535 8,657 49,309 34,018 8,889 26,704 37,415 8.657 119 670 127 418 14. LWE COMMTn4Eiifs- GROUP AND CHARITY At 31 July 2020 the gro￿ had ts fc4¢MryJ totsl commibwts e¢watsng leases: _ Asat 31July 2020 Asat 31July 2019 Land • Buildings Land & Buildings equipment Equipment Ok*rats"ng leases exF¥ring, Within one year 18.345 158.565 Page 24 DED IJULY 2020 Future mlnimum mts15 payat4e [Th*.￿-r￿￿￿L3tle wrating leases are as fdbfis: 2020 2019 WitFMn one year In tmt) to five years 18.345 158.565 15. MOVEMEpifs IN RINDS- GROUP AND PARENT CIIARirY l August Int4)ming Outgoing At 31Jufy 2020 Restricted Funds: 128,1 283.644 (128,190) (283.644) West Midlands Greater ma￿hester Cents71 Costs 48.590 (48,5￿) funds: General Parent 285,031 1.910.477 (1.889.327) 5.447 311,628 sU￿d￿￿ry Gr￿p 290,478 £.911,877 (1,890,38T) 311.968 £2 676 173 E Page 25 STATE ij THEY R ENDED At IAugUSt kncomiThJ Outgoing At 31July 2019 Funds: Londc West Midlands Greater Manchettr Central Cc6ts 336,898 108,862 64.633 (336,898) (108,862) {64.633) fund&. Gwal Fund5 Parent 308,746 2.098,286 (2.125,(￿) 285.031 Sub>'diary Group 311,810 2,109,115 £2.130,447) 2g),478 £311810 £2 654 $08 Restrthd fyThJs: The aPFdication of these is SUbi￿t to iry￿d ￿ the fijnders V•ith ￿ grants availatle te'rKJ allcatal to ￿rtain OtsgO￿ rA payrcAI &lminstratK)n costs or to SFeific activities as Sr￿)r*0 in ￿ grant agreen￿ts. 16. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Funds Funds nds TarwJible Fixed Assets Net Current Assets Net Assets at 31 Juty 2020 461 311,507 311. 461 311,507 311.968 General Ilestgnated Restric￿ Total Funts Funds Funds Funds Twoibfe Fixed Asscts Net CUr￿nt As*ts Net Assets at 31 Juty 2019 20,625 269.853 £￿1,418 20,625 269,853 290,478 Page 26