**Company Number: 7684229 Charity Number: 1147053**
**Award Solutions** (A Company Limited by Guarantee) **Annual Report & Financial Statements For the year ended 31 December 2020**
**Greater Merseyside Community Accountancy Service Sefton Council for Voluntary Service 3rd Floor, Suite 3b Burlington House Crosby Road North Waterloo Liverpool L22 0LG**
**Award Solutions Contents**
Pages
7 Independent Examiner's Report 8 Statement of Financial Activities 9 Balance Sheet 10-19 Notes to the Financial Statements
page 2
**Award Solutions Trustee's Annual Report For the year ended 31 December 2020**
The trustees, who are also Directors for the purposes of the Companies Act, present their annual report and financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
## **Objectives and Activities**
To act as a resource for young people living in Sefton and surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activities, in particular but not exclusively the delivery of Duke of Edinburgh's award, as a means of:
(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
(b) advancing education;
(c) relieving unemployment;
(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit.
## **Achievements and Performance**
The year was dominated by the Covid 19 Pandemic.
We started with a full diary beginning in January 2020 with our usual schools, February followed, with only a small amount of concern, but things were going well and we continued to move forward with expeditions. In March concern was growing but it was not until the 17th March that the true scale impacted and with 1 group of 7 people completed did we find that the dominoes fell and we cancelled all expeditions, or rather schools cancelled them all and we followed other countries with a stay at home notice.
We were luckier than most, we were able to diversify and maintain our objectives. Although it was not easy working with young people online, and offering advice and support to young people on how to complete their DofE. Our Mental Health Courses fitted the bill and Zoom and Drop Box soon came into their own.
As soon as we could we were out working with young people again although in smaller numbers than usual and day walks and navigation only. Working with still over 100 young people to successful outcomes we continued.
We managed to get funding to deliver the Lowland Walk Leader to 24 people who were not working and this kept us busy as well as the young people going out themselves. Overrall 87 adults completed qualifications with us and over 100 young people completed either whole DofE Awards of the Certificate of Achievement.
page 3
**Award Solutions Trustee's Annual Report For the year ended 31 December 2020**
## **Financial Review**
During the 18 months ended 31 December 2020 the charity had income of £53,152 (2019: £97,190) and expenditure of £37,935 (2019: £102,872). There was a surplus during the period of £15,217 (2019: deficit of £5,682). At 31 December 2020 assets exceeded liabilities by £8,890. Liabilities included a loan of £10,000 from Jean Riding, a trustee.
The reserves policy is to hold unrestricted reserves equal to at least at least 6 months' expenditure.
A loan was used to purchase kit and equipment to allow young people to go on expedition. The terms of the loan are open, payment is due when the charity is prepared, and Trustees agree it can be paid back in instalments or in a whole, it is not repayable on demand.
We are sponsored by a BNI Chapter in Hillside Southport so we will be using those links to increase the number of courses such as First Aid 1- 3 Day (Adult and Paediatric), Food Hygiene Level 2 and Mental Health Level 1 and 2. We can provide businesses with a level of corporate social responsibility as our profit from courses goes back into Award Solutions to make Award Solutions Sustainable
## **Reference and administrative details**
**Charity number:** 1147053
**Company number:** 7684229 **Registered Office:** Future House, 25 Pomona Street, Liverpool, L3 5TL
## **Our advisors**
Independent Examiner: Anthony Deegan MAAT MICB Pm.Dip Bankers: The Co-operative Bank, Business Direct, P.O. Box 250, Skelmersdale.
## **Directors and trustees**
The directors of the charitable company (the charity) are its trustees for the purposes of charity law. The trustees and officers serving during the year and since the year-end were as follows:
## **Trustees**
Maurice Byrne Gillian Smith Jean Riding Elaine Murphy Peter Maguire
**Company Secretary**
Gillian Smith
page 4
**Award Solutions Trustee's Annual Report For the year ended 31 December 2020**
## **Structure, Governance and Management**
## **Governing Document**
Award Solutions is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28th September 2015. It is registered with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently - members (- in 2019), each of whom agrees to contribute £1 in the event of the charity winding up.
## **Appointment of trustees**
As set out in the Articles of Association the trustees are elected by members of the charitable company attending the Annual General Meeting. The longest service one third of trustees retires each year and is able to offer themselves for re-election.
## **Organisation**
The board of trustees administers the charity.
## **Related parties and co-operation with other organisations**
One of our trustees receives remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity and any client or supplier is disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.
## **Risk Management**
The trustees have a risk managment strategy which comprises:
* an annual review of the principal risks and uncertainties that the charity faces;
* the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
* the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the major financial risk for both the charity and its subsidiary. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank and active management of trade debtors and creditors balances to ensure sufficient working capital by the charity.
Attention has also been focused on non-financial risks arising from fire, health and safety of clients, food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas.
page 5
**Award Solutions Trustee's Annual Report For the year ended 31 December 2020**
## **Trustees' Responsibilities**
The trustees, who are also the directors of Award Solutions for the purpose of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application or resources, including the income and expenditure, of the charitable company for that year. in preparing the financial statements, the trustees are required to:
1) select suitable accounting policies and then apply them consistently;
2) observe the methods and principles on the Charities SORP;
3) make judgements and estimates that are reasonable and prudent;
4) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
5) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will contionue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Comapnies Act 2006. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the board of trustees on 20 August 2021 and signed on their behalf.
Gillian Smith Company Secretary
page 6
**Independent Examiner's Report To the trustees of Award Solutions For the year ended 31 December 2020**
I report on the charity trustees on my examination of the accounts of the Award Solutions for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity's trustees of Award Solutions (and also the directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of Award Solutions are not required to be audited under Part 16 of the 2006 Act and are eligible for independant examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
(1) accounting records were not kept in respect of Award Solutions as required by section 368 of the 2006 Act; or
(2) the accounts do not accord with those records; or
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or
(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Deegan MAAT MICB Pm.Dip Community Accountant Sefton Council for Voluntary Service Burlington House
20 August 2021
page 7
## **Award Solutions Statement of Financial Activities (Incorporating Income & Expenditure Account) For the year ended 31 December 2020**
|**Unrestricted**
**Restricted**
**Note**
**Funds**
**Funds**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
16,692
14,503
Charitable activities
3
13,372
-
Total income
30,064
14,503
**Expenditure on:**
Raising funds
4
-
-
Charitable activities
5
27,072
2,750
Total expenditure
27,072
2,750
**Net income/(expenditure)**
2,992
11,753
**Other recognised gains:**
**Net movement in funds**
2,992
11,753
**Reconciliation of funds:**
Funds b/fwd
(6,327)
-
Funds c/fwd
(3,334)
11,753|**Total**
**2020**
**£**
31,195
13,372
44,567
-
29,822
29,822
14,745
14,745
(6,327)
8,419|_Total_
_2019_
_£_
2,304
94,886
97,190
96
102,776
102,872
(5,682)
(5,682)
(645)
(6,327)|
|---|---|---|
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
All income and expenditure derive from continuing activities.
The notes on pages 10 to 19 form part of these financial statements
page 8
**Award Solutions Balance Sheet As at 31 December 2020**
**Company Number: 7684229**
|**Note**
**Current Assets**
Debtors
9
Cash at bank and in hand
10
**Creditors: Amounts falling due within one**
**year**
11
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Creditors: Amounts falling due after more than**
**one year**
12
**Total Net Assets/(Liabilities)**
**Funds of the charity**
General Fund
Total Unrestricted Funds
14
Restricted Funds
15
**Total Funds**|**2020**
**£**
**£**
736
18,686
19,422
1,004
18,418
18,418
(10,000)
8,418
(3,334)
(3,334)
11,753
8,419|_2019_
_£_
468
3,394
3,862
189
3,673
3,673
(10,000)
(6,327)
(6,327)
(6,327)
-
(6,327)|
|---|---|---|
In approving these financial statements as directors of the company we hereby confirm the following: For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476.
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
## **The accounts were approved by the board of directors on 20 August 2021.**
Jean Riding, Trustee
The notes on pages 10 to 19 form part of these financial statements
page 9
**Award Solutions Notes to the Accounts For the year ended 31 December 2020**
## **1 Accounting Policies**
## **1a Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Janaury 2015) - (Charities SORP (FRS 102)), and the Companies Act 2006 and the UK Generally Accepted Accounting Practice as it applies from 1 January 2015.
Award Solutions meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The functional currency used by Award Solutions is the £ Sterling.
## **1b. Preparation of the accounts on a going concern basis**
The charity has an excess of liabilities over assets of £6,327. A trustee has provided a loan of £10,000. The financial support of the trustee means that the trustees expect the charity to be able to meet its liabilities as they fall due for at least 12 months from the date of signing of the accounts. The trustees consider that the charity is a going concern and the accounts have been prepared on a going concern basis.
## **1c. Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
The notes on pages 10 to 19 form part of these financial statements
page 10
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **1 Accounting Policies (cont.)**
## **1d. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Activities for young people
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1e. Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and goverance costs which support the charities programmes and activities. these costs have been allocated between cost of raising funds and expenditure on charitable activities. the bases on which support costs have been allocated are set out in note 6.
## **1f. Funds Accounting**
All income and expenditure together with gains and losess are allocated to a specific charitable fund.
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Restricted funds are donations which the donor has specified are to be used soley for particular areas of the charity's work or for specific projects being undertaken by the charity. Further details of restricted funds together with their purposes are set out in note 15.
## **1g. Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
The notes on pages 10 to 19 form part of these financial statements
page 11
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **1 Accounting Policies (cont.)**
## **1h. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1i. Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **1j. Pension costs**
The company operates a defined contribution plan for its eligible employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payment obligations. the contributions are recognised as an expense when they are due. Amounts not paid are shown in creditors or accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **2. Donations and Legacies**
|**Donations and Legacies**|||
|---|---|---|
|Grants and Donations
HMRC Job Retention Scheme|**2020**
**£**
28,676
2,519
31,195|_2019_
£
2,304
-|
|||2,304|
The notes on pages 10 to 19 form part of these financial statements
page 12
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **3. Charitable Activity Income**
|**Charitable Activity Income**|||
|---|---|---|
|Activity fees
Income from charitable activities has been applied to the following activities:
Activities for young people
**Expenditure on Raising Funds**
Fundraising costs|**2020**
**£**
13,372
13,372
**2020**
**£**
13,372
13,372
**2020**
**£**
-
-|_2019_
_£_
_94,886_
_94,886_
_2019_
_£_
_94,886_
_94,886_
_2019_
_£_
96
96|
||||
## **4. Expenditure on Raising Funds**
The notes on pages 10 to 19 form part of these financial statements
page 13
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **5. Charitable Activities Expenditure**
|**Activities**
**Undertaken**
**Support**
**Directly**
**£**
**Costs**
**£**
Activities for young people
32,629
5,306
32,629
5,306|**Total**
_Total_
**2020**
**£**
_2019_
_£_
**37,935**
_102,097_
**37,935**
_102,097_|
|---|---|
## **6. Support Costs**
|**Support Costs**|||
|---|---|---|
|**Human**
**Resources &**
**Administration**
**£**
Activities for young people
5,306
5,306|**Total**
**2020**
**£**
5,306
5,306|_Total_
_2019_
_£_
_3,068_|
|||_3,068_|
The notes on pages 10 to 19 form part of these financial statements
page 14
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **7. Staff Costs**
|**2020**
**£**
Wages and Salaries
5,712
Pension costs
-
5,712
The average number of employees during the 2020 was:
**2020**
**Number**
Activity organisers
2
2|_2019_
_£_
21,516
153|
|---|---|
||21,669|
||_2019_
_Number_
5|
||5|
The trustees received remuneration of £2,064 during the year (2019: £5,440) One trustee was remunerated in their capacity as an activity organiser. No trustees received expenses during the year (2019: No expenses)
## **8. Key Management Personnel**
The trustees consider that the key management personnel comprise the trustees as listed on page 4.
||**2020**|_2019_|
|---|---|---|
||**£**|_£_|
|Total Remuneration|2,064|5,440|
The notes on pages 10 to 19 form part of these financial statements
page 15
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
|**9.**
**Debtors**
Amounts falling due within one year
Social Security and other taxes
**10. Cash at bank and in hand**
Cash at bank
Cash in hand
**11. Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income
**12. Creditors: Amounts falling due after one year**
Other loans||**2020**
**£**
736
736
**2020**
**£**
18,684
2
18,686
**2020**
**£**
740
264
1,004
**2020**
**£**
10,000
10,000|||_2019_
_£_
_468_|
|---|---|---|---|---|---|
||||||_468_|
||||||_2019_
_£_
3,393
1|
||||||3,394|
|||||_2019_
_£_
-
189
189
_2019_
_£_
10,000|_2019_
_£_
-
189|
||||||189|
|||||10,000||
The notes on pages 10 to 19 form part of these financial statements
page 16
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **13. Loans and Overdrafts**
|**2020**
**£**
The aggregate amount of loans was as follows:
a) Falling due within one year or on demand
b) Falling due after more than one year
Unsecured loans repayable:-
Se
**Unrestricted Funds**
**Balance**
**brought**
**forward**
**2019**
**Income**
**Expenditure**
**£**
**£**
**£**
General Fund
(6,327)
32,814
(29,822)
Total Funds
(6,327)
32,814
(29,822)
between one and two years
1,000
between two and five years
9,000
cured loans repayable:-
10,000|_2019_
_£_
1,000
9,000|
|---|---|
||10,000|
||**Balance**
**carried**
**forward**
**2020**
**£**
(3,335)
(3,335)|
## **14. Unrestricted Funds**
The notes on pages 10 to 19 form part of these financial statements
page 17
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **15. Restricted Funds**
|_Balance_
_brought_
_forward_
_2019_
_£_
Total Funds (previous year)
_-_
**Balance**
**brought**
**forward**
**2019**
**£**
Community Foundation
-
Sport England Lottery Fund
-
Workers Educational Association
-
Team Oasis
-
Total Funds (current year)
-|_Balance_
_carried_
_forward_
_Income_
_Expenditure_
_2020_
_£_
_£_
_£_
_-_
_-_
-
**Balance**
**carried**
**forward**
**Income Expenditure**
**2020**
**£**
**£**
**£**
4,538
(759)
3,779
4,000
(1,400)
2,600
4,465
(591)
3,874
1,500
-
1,500
14,503
(2,750)
11,753|
|---|---|
The notes on pages 10 to 19 form part of these financial statements
page 18
**Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2020**
## **16. Comparative Statement of Financial Activities Information**
In order to comply with Financial Reporting Standard 102 which requires comparative information to be provided for all amounts, this note provides the necessary disclosure for comparative purposes of the Statement of Financial Activities for the year ended 31 December 2019.
|**Unrestricted**
**Fund**
**£**
**Income**
Donations and legacies
2,304
Comparative activities
94,886
**Total income**
**97,190**
**Expenditure on**
Raising funds
96
Charitable activities
102,776
**102,872**
**Net expenditure**
**(5,682)**
Other Recognised gains:
**Net movement in funds**
**(5,682)**|**Total**
**Funds**
**£**
2,304
94,886
**97,190**
96
102,776
**102,872**
**(5,682)**
**(5,682)**|
|---|---|
The notes on pages 10 to 19 form part of these financial statements
page 19