2021-12-31-accounts - Zing

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Trustees’ Annual Report for the period

From 01/01/2021 Period start date To 31/12/2021 Period end date

Charity name: Zing

Charity registration number: 1133342

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	ZINGʼS FORMAL OBJECTS ARE TO FURTHER SUCH PURPOSES THAT ARE EXCLUSIVELY CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In 2021 ZING has continued to develop its strategic support to charitable organisations in its three core areas: 1. Financial ZING proactively seeks out organisations to fund and consequently does not have an application process. We are an early stage seed funder of youth non-profits who typically have a collaborative and systemic approach. We tailor our financial support to each partner depending on their requirements in the form of unrestricted core funding. A summary of our financial support is provided in the next section. 2. Connections As initiated in 2011 our ZING Partner Network has continued in 2021 to offer our partners access to our network of experts and peer collaboration through events and networking opportunities. ZING also continues to connect partners and non-partners to other funders and sources of expertise (such as digital technology) 3. Digital Technology ZING has continued to play a role in promoting/advocating digital transformation in the Third Sector and delivering hands-on guidance and support to our partners and selected other youth non-profits.
Statement confirming whether the trustees have	Para 1.18	The trustees have reviewed the guidance from the Charity Commissiononpublic benefit and

had regard to the guidance issued by the Charity Commission on public benefit

used it in guiding the activities of the Foundation.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	ZING has achieved its 3 main objectives for 2021 as follows 1 Providing financial support to 10 charitable organisations (see summary below) 2 Though physical Partner Fora and Networking events have been unable to take place due to the pandemic we have sought to increase the number of network newsletters and updates we send out to go some way to filling the gap le�. Though Zing cannot take attributable credit, we are aware that our own connections and promotion of our partners to other funders have contributed towards our partner network collectively securing at least a further £0.5m in funding 3 Consolidating our role in the TechforGood /Digital Transformation in the Third Sector space through participation in multiple workshops/hacks/events aswell as providing

approximately 1055 hours of pro bono support valued at ~£66k (conservative estimate of £500 per day). Highlights of the work include: Website upgrades/ redesigns and maintenance : Learning with Parents, Get Further, Lighthouse. Website advisory/ lighter ad-hoc support : Minds Ahead, Unloc.online, Restless Development, The Visionaries. Web analytics setup and support : Learning with Parents, Minds Ahead, Restless Development, Unloc.online, The Visionaries. Digital strategy/ planning : Fair Education Alliance, Unloc Online, Get Further. Process mapping : Get Further, School Ground Sounds, Fair Education Alliance, The Key (handover/ check in).

Platform implementation/ ad-hoc support and advice (e.g. CRM, MDM) : Get Further, Fair Education Alliance, Minds Ahead, School Ground Sounds, Young Trustees Movement. Vendor selections (e.g. CRM, ATS, MDM, M&E tracking) : School Ground Sounds, Fair Education Alliance.

Co-creating pilots Fair Education Alliance, Yoti social purpose team (offline ID). Ad-hoc advice : to both partners and selected others.

2021 Grants

The details of the 10 grants totalling approximately £305,000 are as follows:

a) Root 73

Root 73 is an artist development platform, a fully equipped recording studio, and a record label, managed by a group of young people born and raised in Hackney. Root 73 was built by and for

the local community. Their approach places heavy emphasis on community activity and on the social importance of working together for a common goal, while also bringing together all the necessary elements needed to help artists break into the music industry. A grant of £30,000 will enable a more full time focus for one of the founders and look to develop and pilot a more formal apprenticeship initiative.

b) Reconnect London Reconnect London is a collaborative group of London-wide school leaders who have joined together to collectively address the challenges caused by the Covid-19 pandemic. Zing provided a seed grant of £20,000 (channelled through existing partner The Difference) to enable a project manager to be hired and scope out an initial vision and strategic plan. c) Big Brothers Big Sisters UK (BBBS)

Big Brothers Big Sisters creates long term mentoring and friendships that support children to thrive in life. These positive relationships have a lasting influence on young people's lives, boosting their self-esteem and helping them to achieve their goals. It is based on an established and evidence-based mentoring programme of the same name in America. Zing provided a first year unrestricted grant of £30,000 to support the development of an operational digital platform already part built out by Oxford Hub who are running the first BBBS programme in the UK. d) The Lily Jo Project

The Lily-Jo Project is devoted to eliminating the stigma surrounding mental health through music, digital resources, and community engagement. Zing provided a first core grant of £25,000 to enable further development of the resources and take up by schools. e) LightHouse Childrens Homes

A third and final grant £35,000 core funding to further invest in the building of a team to set up a new type of childrens home informed by a social pedagogy approach, a relationship-based way of working with children.

f) Get Further (through ARK Ventures)

A final grant of £35,000 (matched by the governmentʼs Community Match Fund through ARK) This was core funding to further develop a high impact tutoring programme in FE colleges to help students achieve key achievements and unlock opportunities in this most overlooked part of the education sector.

g) Fair Education Alliance (FEA)

A second unrestricted grant of £35,000 being used to develop collaborative digital tools for the FEAʼs ever increasing membership. The FEA is a coalition of over 200 organisations which aims to tackle inequality in the education system and whose vision is that no childʼs success is limited by their socio-economic background.

h) Learning with Parents

A second unrestricted grant of £35,000 to support LwP whose vision is that every child is supported at home to fulfil their potential. LwP support over 20,000 families across the UK to enjoy learning Maths and English together and partner with schools to reach the most disadvantaged children. Zingʼs funding is mainly focused around the development of LwPʼs digital platform.

i) Young Trustees Movement

A third and final grant of £30,000 early stage funding to support the campaign to double the number of young people under age the age of 30 on charity boards by 2024.

j) Unloc

A second unrestricted grant of £30,000 focused on the development of a new interactive e-learning platform. Unloc.online provides a series of online short courses designed to encourage students aged 11-19 to explore entrepreneurship, employability, leadership and career pathways from the comfort of their own home. The team continues to iterate the platform and add new content with partners, driven by a desire to support the development of young peopleʼs aspirations, skills and career prospects coming out of COVID-19 and into the fast changing labour market.

In addition though Zing didnʼt directly fund PeaceFirst in 2021, a further grant of £40,000 was provided by The Blagrave Trust for PeaceFirst and channelled through Zing.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	ZING does not have an explicit reserves policy. ZING has no endowment but closely monitors its operational and grant-making commitments to ensure its own funds can cover expenditure.
Amount of reserves held	Para 1.22	n/a
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a

Additional information (optional)

Additional information (optional)	Additional information (optional)	Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	ZING’s sole current source of funding is gifts from its Founder and Chair of Trustees, Robin Tombs
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by existing Trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	To ensure ZING is up to date with current organisational and governance best practice it collaborates closely and co-funds with a number of other trusts and foundations. Zing also publishes all its grants data to 360 Giving using their open data standards and on the Zing website.
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Zing
Other name the charity uses
Registered charity number	1133342
Charity’s principal address	℅ Yoti Ltd, 6th Floor Bankside House, 107 Leadenhall St, London EC3A 4AF

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)
Robin Tombs	Chair	Trustees
WendyTombs		Trustees

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) R J Tombs Full name(s) Robin John Tombs Position (eg Secretary, Chair Chair, etc) Date 23/9/2022

Tiidor John Liniiied NigTlitingalE House 4648 East Street Epsom Surrey KT17 11-IQ

ztNG Cont¢nts oftheFiDHllci Statements fortheye8rathd31 Dewnbff 2tr11 BalBnco Sheet 5 to 10

ZING Reportof IhETTW41etS roTd]e yearerJ(IEd311)rcemir2D21 The trust¢es PT¢seni their report wilh Ihe financial slalem¢nts of Ilje cljarity for the year ended 31 Dernber 2021. The Iru51ecs hèvc adopd the provision5 of Atcountin8 and Reporting ty Chariiies.. Statement of Rec0rnMEnd PAdi¢e appIlble to ¢hwii¢5 Pwatirkg iheir 8ccounts in accordance with Ihe Financial Reporti SlandaTd applicable in the UK and Rcpublsc of Ircland IFRS Iff21 leffeciive l January 2019)- STRUCTU COVERNANCE AND MANAGIMFNr Governingihxument Th¢ charity 15 conlTolled by its g0w1g den[ g d¢¢d of ¢rust ond ¢ons¢itule$ an uJaincoTporAl¢d charity. IIEfrERENCE AND ADM]NJSThATIVE DAlL5 ReglytsTrd Cbgrfty Durntr 1133342 PdnclrAI 8thlRs5 clo Yoli IAd 6th Floor Bavkside House, 107 iL2denhall Street London EC3A 4AF Tntytrts R J Tombs Comp&ny diKrlor Mrs W Tonibs IndvFDthI Examla Hozel DDY IACEW Tudor John Liniil¢d NightiD8Ol¢HosL¥e 4648 Et8t Strttl EoM KT17 IHQ ApFYovd iy ordwoftkne board of trusleu on............ ......._................ siBrd on its b¢hairty'. R J Tombs-Tnwee Page I

Zing report to thE charity Inistees on my examination of the attounts of ling {the Tnist) for the year ended 31 December 2021. As the cliarity ljustees of the TnL8t you are responsible for tlie preparation of the accouiiis in accordance with the r¢quiremetLts of the Charities Act 2011 {Ih¢ A¢t'l. I report in re5P¢Ct of my einatIO]7 of Ihe Trttst's a¢coiillls carried OLIt under section 145 of the A and in caiiying out my ex41mination I have folloived all applicable Directions given by the Cliarity Comnii55ion under section 145{5llb} of the Act. I have completed my exaniination. I confirm that no material matters have come to my attention in Connection with the examinaiion givill¥ nie cause to beli¢v¢ that in any material respeci: accoitnting records were not k¢pl in respect of the Tru51 a5 required by section 130 ofthe ACL or the accouiits do not aLcord with those words- or Ilie accounts do not cornply wilh ilJe applicable requiTemenls con¢¢ming the form and ¢oiitent of accoutts set out in the Charities (Accounts and Reports) Regulations 2008 other thaR aiiy iEqllireJneiit thai the accounts give a trne and fair view ivhi¢h is not a malter coiisidered pwt of an ind¢pendeiit examiiiatioii. have no wncenis and liave come acTOSS no other matters iii ¢onn¢¢tion ivith the eAainination to whicli alt¢iition should be drdlvn in this report in orderto enable a proper LindcT5tandin8 of the accounts to be rea¢hed. Hazel Day IACEIV Tudor John Limited Niglllingale House 4648 East Street Epsotn Siirrey KT17 IHQ Date.. Page 2

ztNO stst¢m¢nt of FinalalActI 2021 Unrestricted fund 2020 'rotal furEds NoS t)onations anil legacies 5.959 187.908 Inve5tnient income 36,429 42,388 187,908 Grant makin8 410.529 538,655 Net 8aiiisllloss¢s) on investments 1125,5461 303,321 1493,6871 {47,4?6} 1,939,698 1,987,124 1,446,011 1,939,698 Ilie notes forni part of tlicse financial stal¢ments Page 3

BAlwe Sknt 31 DetemtYr2021 2021 UnTestrict¢d fund 2020 Total fiynds Notes XED ASSY[5 Invcslments 776,565 901111 CIJRRFJ4T ASSKtS C&%h at bank 685.867 .034,171 CREDITO Amoynls falliA8 due Ivithin oneyeaw 12 116,4211 1165841 NETCiJRRENT ASSETS 669,446 1.037.S87 LIABVLTfiFS 1.446.01 T 1,939,698 NYfL8sErs 1.446,011 1.939.695 FUNDS Unr¢stri¢t¢d fvnds 13 1,446,011 1,939,698 IOTAL llJNDS 1,446.011 1,939,698 'al swemenis were approved by the Board of Tste¢S and auihoriseil for i5SU¢ .. and were Signed on its bthalf by: on R J Tombs- Tru51¢e Th2 notts foTm part of Ihcsc fir¢181 sllltemeiils

ZING fi)rth¢ye4r¢nded 31 DeMber2o21 ACCOUFThGPOLiaES The financial slaleIn¢iits of tlie cliai'ity, which is a PLiblic b¢nefit eThtiry linder FRS 10? have been prePrd i accoixlanee willi the Charitics SORP {FRS 1021 'Accoiiiiting and Reporting by Cliariiies.. Statement of Reconimended Practicc applicable to cliarities prep4ariJi¥ their accoiiiit5 iii accolance with the Financial Reporting Sianda¥d applicable in the UK and Repiiblic of lJ¥land IFRS 1021 leff¢¢tiv¢ l January ?0191'. Fiiiaiicial Reportiijg Siandard 102 The Financial Rcporting Siand2rd applicable in the UK at)d Republi¢ of l]tland' and the Chttritics Act 2011. The fiiiancial staiemcnts have been preptrc ed under the liistorical cost convention, with the exception of investments which are included at market vaiue, as modified by the rcvaluation of Certll assets. Tlie ¢harity has taken advantage of the following disc105ure exemptions in preparing these fjnancial statements as pet]nitted by FRS 102'The Financial ReJx)11ing Standard appli¢able in tlie UK and Repiiblic of Ireland,: the requirenients of Section 7 Sta¢ement of Cash Flows; tlie re<Juiremtiit of paragraph 3.17ldl,' the iEqLiirements of patagraplis 11.42, 11.44. 11.45, 11.47. 11.481al{iii), 11.48laMivl, I1.48(b) and the requirement of pAragrdph 33.7. ]NCOME All income is recognised in the SratemeTrt of Financial Acivities once the charity has entiilemeni to tlie funds, it is Ptobable that tlie income will be r¢c¢iv¢d and th¢ amount c8n be me&sured reliably. Liabiljlies ale recognised as expenditure a5 soon a5 ihere is a legal or conslw¢tiv¢ obligation Committing the cljariry to tlial expenditure, it is probable ihai a transfei. of econornic benefi ivill be required in seltlement and the amount of the obligation can be inwured reliably. £xpendilEire is accollnled foi on an xcruals basi5 and has been classified linder headings Ihat avregate all cost related to the cale801y. Where costs cannot be dirI{Y atthbiited to particiilar headings they have b¢¢n allted to a¢tivit¥es oil a basis consistent witli the use of resources. Grwits offeJYd subjeci to conditions which have iioi been met at the yeai. end date are noted as ft commitmeni but ot acLTued as expenditure. Costs liave been allocaltd to specific chStable activitie5 based on tlje cost driver. TANGIBLEFIXED ASSETS Deprect2& tion is prov2ded at the following ai)nual Jes ordei. to write off each a5sel over its estimated tisdul Compui¢r equipnient 50Q/o on cost TAXATJON The charity is exeinpt from tax on its charitsble activities. Ilnrcsiri¢t¢d funds can bc used in accolance with the charitable objcctives at the discretion of th¢ trust¢e5. Restricted funds can only be iised for particular resti'icted piirposes ivithiii tlie objects of the ¢l)arity. Restrictions arise wlieii specified by thc donoroi. when funds 12re raised for particiilar restricted PLllI)oses. Fuiiherexplanation of the JTratllre and pllryose ofeacli fund is iiicluded in the notes to the financial statetnents. mie charity opernte% a defined ¢ontribution peiision schenie. Conlribulions payable to tlie charity's pension scheme are charged to the Statement of Finai)cial Aclivitics in the period to wliich t11ey itlate. Page 5 ¢ontÈniied...

ZING Notrs kn th¢FIDal1 Statenmts. contiDuAI fortheye4readed31 De£embtt2021 Investments are stated in the balance sheet at their open maTket value. Investment property is show]i at m05t r¢¢ent valuation. Any gain or loss on revaluation is taken to the Siaiement of Fin( ¢ial A¢iiviiies. GaiDs and IoB8¢ All gait)s and losses are lakeji to the Siatement of Fiiiaijcial Adivities as diey aiise. Realised gains and losses oil investtnents are calculated 4s tl)¢ difference betsi'een sale5 piY)ceeds aiid opening iiiarkel value IpLircli&se dale if later). Unrealthsed gains and losses are ¢d¢ulated as the differen¢e between the niarkel value at the year eEJd and openin8 market valLEe lor PUTch&8e date if later). Realised ai)d nrealIsed gains are not separated iii the Statement of Financial Activities. 2021 20?0 Donations 5,959 187.908 2021 2020 Odier fixed &sset invt- Fll 36,429 Grant funding of xtivities Is¢e noie Siipport Losts (see i)ote 61 Direct C05t5 5} Totals Grdnt making 767 305,000 104.762 410,-%29 (aiAKfspAYABIE 2021 ?o?o Giant making 305,000 437.000 Page 6 continued...

ztNG fortheyearended 31 De<emlxr 2tr21 The total 8ranls paid to institiitions dllring th¢ yew. was as folloivs= 2021 2020 Peace Fitst Inc Get Further Limiied Thc Diffeirnce Ti)e Really Ntti PR W¢se¢hope Etnbas5y of Blackne5S Unloc Onliiie Young Trustees Movement Challenge & Cliaii. e F'iind Lighthouse Childitns Home My Best Life Leaming with Parents Whatever it Takes Fair Ediication Alliance The Lily Jo Proje¢t Big Brothers Big Sister Reconned London Root 73 65,OUO 25,000 i),000 50,000 30.000 30,000 iO,000 10,000 35.01)0 35.000 15,0 35,OQO 30,000 35,01)0 35,000 35.000 35,000 25,000 30,000 20.000 30,000 305,000 437,000 SUPPORT COSTS Gowernallec cost5 Management Finii nce Totals Grnnt making 45,173 58.925 104.762 Siipport costs, included iiTr the above, ate as follows.. 2021 2020 Total a¢tivities m8king Wages Sociic I security Pension5 Bank charges Consulting services Accountsncy and legal fee5 43,831 32 1.310 39,733 1,4i5 53,625 3200 57.173 1,750 104,76? 100.206 continued...

forth¢ y¢ar¢nd¢d 31 Decembff 2021 There were no trustees. remuneration or othei. benefits for the year ended 31 December 209 l nor for the year ended 31 Decembei. 2020. There iver¢ no twt¢es' ¢xpenses paid for tlie year aided 31 December 2021 nor for the year ended 31 December 2020. AFF COSTS 2021 2020 Wa(Tes and salaric5 Social seciiriry costs Other pension costs 43,831 39,733 1,013 1,200 1,310 45,173 41,946 The averag¢ monthly Jiumberof employees during the year wa5 a5 follows-. 2021 2020 making No employees received emoliimeTtts in exccss of £60.000. Unrestricted fund DonatioThs and legacies 187,908 Grant maki]]g 538,655 Nlet gains on investments 303,321 {47,426) 1.987.124 1,939,698 pe8 ¢o#tiniied..

ztNG fortheye4relld31 Deeember2tr21 io. Computer equipment COST At l January 2021 and 31 De¢ember 2021 10,056 At l January 2021 and 31 Decemher 2021 10.056 NETBOOKVALUE At 31 Deceniber ?021 At 31 Deeeniber 2020 ii. Lasted invesiment5 At l Jaiiuary 2021 Rev&luations 902,111 (125.546) At 31 DecembeT ?021 776.565 NErB(KVALB At 31 Dec¢mber 2021 776,565 At 31 December 20?0 902.111 Tliere W¢Te no inveslment assets outside ihe UK. 9021 2020 Other ctlditors 16,421 16,584 13. Net movenient in funds At Jl.12.21 Geiieral fuiid 1,939.698 {493.687 } 1,446.011 1,939,698 {493,687) 1,446.01 Page 9 conlilliied...

ZING for1knygar¢nded31 De4¢M2021 13. Net moyement in fi]iid5, included in the above art as follows.. Incoming Jesources Resoii expended Gains [d losses Movement in fun(Is GeneJ71 fund 1410.529) (125,546) (493.687) 42,388 1410.529) (125.546} (49i,687) Net movement in fvnds At 31.12.20 Atl.l?O General fLlI)d 1,987,124 (47,426) 1,939,698 1,987,124 {47,426) 1.939.698 Comparativ¢ net movernent in funds. iiicluded in the above as follows.. Incoming Ttsoiiices Resources ¢.¥pended Gains and losses MoveTncnÉ in fijnds Gcnernl ftsnd 187,908 1538,655) 303,321 147,4261 187,908 (5J8.655) -103,321 147,4261 14. iere We related paty transactions fortlie year ended il December 2021. Page 10

Tiidor John Liniiied NigTlitingalE House 4648 East Street Epsom Surrey KT17 11-IQ

ztNG Cont¢nts oftheFiDHllci Statements fortheye8rathd31 Dewnbff 2tr11 BalBnco Sheet 5 to 10