## **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** |1
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20|**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)rcemi*r2D21 The trust¢es PT¢seni their report wilh Ihe financial slalem¢nts of Ilje cljarity for the year ended 31 D￿ernber 2021. The Iru51ecs hèvc adop*d the provision5 of Atcountin8 and Reporting ty Chariiies.. Statement of Rec0rnMEnd￿ PAdi¢e appIl￿ble 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 g0w￿￿1￿g d￿￿￿en[ g d¢¢d of ¢rust ond ¢ons¢itule$ an uJaincoTporAl¢d charity. IIEfrERENCE AND ADM]NJSThATIVE D￿AlL5 ReglytsTrd Cbgrfty Durnt￿r 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 E￿oM KT17 IHQ ApFYovd iy ordwoftkne board of trusleu on............ ......._................ siB￿rd 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 e￿￿￿inatIO]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 Fina￿lalActI 2021 Unrestricted fund 2020 'rotal furEds No￿S 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 BAlw￿e 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 T￿ste¢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 De￿Mber2o21 ACCOUFThGPOLiaES The financial slaleIn¢iits of tlie cliai'ity, which is a PLiblic b¢nefit eThtiry linder FRS 10? have been preP￿rd i accoixlanee willi the Charitics SORP {FRS 1021 'Accoiiiiting and Reporting by Cliariiies.. Statement of Reconimended Practicc applicable to cliarities prep4ariJi¥ their accoiiiit5 iii accol￿ance 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 Cert￿ll 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