Company Number: 7684229 Charity Number: 1147053
Award Solutions (A Company Limited by Guarantee) Annual Report & Financial Statements For the year ended 31 December 2021
Greater Merseyside Community Accountancy Service Sefton Council for Voluntary Service 3rd Floor, Suite 3b Burlington House Crosby Road North Waterloo Liverpool L22 OLG
## Award Solutions Contents
## Pages
8 Independent Examiner's Report 9 Statement of Financial Activities 10-11 Balance Sheet 12-22 Notes to the Financial Statements
page 2
## Award Solutions
## Trustee'sv Annual Report For the year ended 31 December 2021
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 2021. 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
We have continued to work with young people as the pandemic still dominates our community and the people in it. We have used the Outdoor skills of our staff to meet our Objectives of working with over 350 young people on multiple events. We have also work on a secondary objective of working with over 100 vulnerabie adults. We are fortunate, that our speciality is working and promoting the outdoors, whilst also ensuring that people, both young and old improve their physical, mental health, and gain new skills. Our highlights have been ensuring that all people benefit from our local outdoor facilities, and we enable them to gain the confidence to go out and plan their own events ensuring that they have some independence and continuity ensuring that they can sustain their interests without our intensive support, our input can be more long arm and facilitative, which makes the service we provide easier to operate and sustain. We have also been able to broaden our service by introducing family days for people in the area with eh support of the funding obtained from the Canal and river Trust.
We are now observing with qualitive evidence that young people are not generally as fit and have lower stamina that pre pandemic, and feel that the service, activities, and skills that we provide will be more in demand in 2022. We look forward to meeting that challenge.
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## Award Solutions Trustee's] Annual Report For the year ended 31 December 2021
## Financial Review
During the 12 months ended 31 December 2021 the charity had income of £99,752 (2020: £44,567) and expenditure of £71,403 (2020: £29,822), There was a surplus during the period of £28,349 (2020: Surplus of £14,745). At31 December 2021 assets exceeded liabilities by £39,767. 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
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## Award Solutions
## Trustee's' Annual Report For the year ended 31 December 2021
## Our advisors
Independent Examiner: Bankers:
Anthony Deegan MAAT MICB Pm.Dip 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
## 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 2020), 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.
page 5
## Award Solutions Trustee's] Annual Report For the year ended 31 December 2021
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.
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## Award Solutions Trustee'si Annual Report For the year ended 31 December 2021 Trustees' t Responsibilitiess agen =
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 lawPractice). and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
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 otherassetsirregularities, of the charity and hence for taking reasonable steps for the prevention and detection of fraud or
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 26th September 2022 and signed on their behalf.
## Ctlhia CO. Ctecth
Gillian Smith Company Secretary
page 7
# Independent Examiner's. ' Report To the trustees of Award Solutions For the year ended 31 December 2021
| report on the charity trustees on my examination of the accounts of the Award Solutions for the year ended 31 December 2021.
## Responsibilities and basis of report
As the charity's trustees of Award Soiutions (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. | 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 | have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## Independent examiner's statement
| have completed my examination. | 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)).
| 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
26th September 2022
page 8
## Award Solutions Statement of Financi= **a** l Activitiesa a = (Incorporating Income & Expenditure Account)
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Note|Funds|Funds|2021|2020|
|||£|£|£|£|
|Income and endowments from:||||||
|Donationsand legacies|Z|48,070|42,651|90,721|31,195|
|Charitable activities|3|9,031|-|9,031|13,372|
|Totalincome||57,101|42,651|99,752|44,567|
|Expenditure on:||||||
|Charitable activities|4|27,826|43,577|71,403|29,822|
|Totalexpenditure||27,826|43,577|71,403|29,822|
|Net income/(expenditure)||29,275|(926)|28,349|14,745|
|Transfers between funds||3,143|(3,143)|-|-|
|Otherrecognised gains:||||||
|Netmovement in funds||32,418|(4,069)|28,349|14,745|
|Reconciliation offunds:||||||
|Funds b/fwd||(3,335)|11,753|8,418|(6,326)|
|Fundsc/fwd||29,083|7,684|36,767|8,419|
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 12 to 22 form part of these financial statements
page 9
## Award Solutions Balance Sheet As at 31 December 2021
## CompanyY Number: 7684229
||Note|2021||2020|
|---|---|---|---|---|
|||£|£|£|
|CurrentAssets|||||
|Debtors|9|14,196||736|
|Cash at bank and in hand|10|32,209||18,687|
|||46,405||19,423|
|Creditors: Amounts fallingdue within oneyear|11|138||1,004|
|Net CurrentAssets|||46,267|18,419|
|TotalAssets Less Current Liabilities|||46 267|18,419|
|Creditors: Amounts falling due after more than one year 12|||(9,500)|(10,000)|
|Total NetAssets|||36,767|8,419|
|Funds ofthe charity|||||
|General Fund|||29,083|(3,334)|
|Total Unrestricted Funds|14||29,083|(3,334)|
|Restricted Funds|15||7,684|11,753)|
|TotalFunds|||36,767|8,419|
The notes on pages 12 to 22 form part of these financial statements
page 10
## Award Solutions Balance Sheet As at 31 December 2021 (cont.)
## Company Number: 7684229
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 26th September 2022.
K teclug Jean Riding, Trustee
The notes on pages 12 to 22 form part of these financial statements
page 11
## Award Solutions Notes to the Accounts For the year ended 31 December 2021
## 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.
The notes on pages 12 to 22 form part of these financial statements
page 12
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 1 Accounting Policies (cont.)
## ic. 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.
## 1d. Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment toa 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 5.
The notes on pages 12 to 22 form part of these financial statements
page 13
# Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 1 Accounting Policies (cont.)
1f. Funds Accounting
Allincome 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.
## 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.
## li. 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.
The notes on pages 12 to 22 form part of these financial statements
page 14
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 1 Accounting Policies (cont.)
## 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
||2021|2020|
|---|---|---|
||£|£|
|Grants and Donations|14,265|28,676|
|BNI Links Donations|4,712|-|
|HMRC Job Retention Scheme|2,683|2,519|
|Sefton MBC|21,157|-|
|Hoare Trustees Fund|10,050|-|
|Liverpool City Region Grant|3,600|-|
|WEAFunding|18,294|-|
|PWC LLPYCSF Grant|10,960|-|
|Canal & River Trust|5,000|-|
||90,721|31,195|
The notes on pages 12 to 22 form part of these financial statements
page 15
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 3. Charitable Activity Income
**----- Start of picture text -----**
2021 2020
£ £
Activity fees 9,031 13,372
9031 «13,372
Income from charitable activities has been applied to the following activities:
2021 2020
£ £
Activities for young people 9,031 13,372
"9.031 13,372
**----- End of picture text -----**
## 4. Charitable Activities Expenditure
**----- Start of picture text -----**
Activities
Undertaken Support Total Total
Directly Costs 2021 2020
£ E £ £
Activities for young people 58,845 12,558 71,403 29,822
"58,845 42,558 71,403 29,822
**----- End of picture text -----**
The notes on pages 12 to 22 form part of these financial statements
page 16
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 5. Support Costs
|||Management|Total
2021|Total
2020|
|---|---|---|---|---|
|||£|£|£|
||Activities foryoung people|12,558|12,558|5,306|
|||12,558|12,558|5,306|
|6.|StaffCosts||||
||||2021|2020|
||||£|£|
||Wages and Salaries||11,870|§,712|
||Pension costs||35|-|
||||11,905|5,712|
||The average number ofemployees during the 2021 was:||||
||||2021|2020|
||||Number|Number|
||Activity organisers||2|2|
||||2|2|
The trustees received remuneration of £5,506 during the year (2020: £5,440) One trustee was remunerated in their capacity as an activity organiser. No trustees received expenses during the year (2020: No expenses)
The notes on pages 12 to 22 form part of these financial statements
page 17
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 7. Key Management Personnel
The trustees consider that the key management personnel comprise the trustees as listed on page 4.
|||2021|2020|
|---|---|---|---|
|||£|£|
|Total|Remuneration|3,153|2,064|
|9.|Debtors|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Amounts falling due within one year|||
||Social Security and othertaxes|606|736|
||Other debtors|13,590|-|
|||14,196|736|
|10.|Cash at bankand in hand|||
|||2021|2020|
|||£|£|
||Cash at bank|32,020|18,684|
||Cash in hand|189|3|
|||32,209|18,687|
The notes on pages 12 to 22 form part of these financial statements
page 18
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
|11.|Creditors: Amounts falling duewithin oneyear|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Trade creditors|-|740|
||Accruals and deferred income|138|264|
|||138|1,004|
|12.|Creditors: Amounts fallingdue afteroneyear|||
|||2021|2020|
|||£|£|
||Other loans|9,500|10,000|
|||9,500|10,000|
|13.|Loans and Overdrafts|||
|||2021|2020|
|||£|£|
||The aggregate amount ofloanswas as follows:|||
||a) Falling due within one year oron demand|||
||b) Falling due aftermore than one year|||
||Unsecured loans repayable:-|||
||between one and two years|1,000|1,000|
||between two and five years|8,500|9,000|
||Secured loans repayable:-|||
|||9,500|10,000|
The notes on pages 12 to 22 form part of these financial statements
page 19
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 14. Unrestricted Funds
**----- Start of picture text -----**
Balance Transfers Balance
brought between carried
forward Income Expenditure funds forward
2019 2020
General Fund (6,326) 32,814 (29,822) - (3,334)
Total Funds (6,326) 32,814 (29,822) . (3,334)
Balance Balance
brought Transfers carried
forward between forward
2020 Income = Expenditure funds 2021
£ £ £ £ £
General Fund (3,335) $7,101 (27,826) 3,143 29,083
Total Funds (3,335) 57,101 (27,826) 3,143 - 29,083
**----- End of picture text -----**
The notes on pages 12 to 22 form part of these financial statements
page 20
## Award Solutionsa Notes to the Accounts (cont.) For the year ended 31 December 2021
## 15. Restricted Funds
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Balance|Balance|
|brought|Transfers|carried|
|forward|between|forward|
|2019|Income|Expenditure|funds|2020|
|£|£|£|£|£|
|Community Foundation|-|4,538|(759)|-|3,779|
|Sport England|Lottery Fund|-|4,000|(1,400)|-|2,600|
|Workers Educational|Association|-|4,465|(59L)|-|3,874|
|Team|Oasis|-|1,500|-|-|1,500|
|-_|=|oe|—|
|Total Funds (previous year)|-|14,503|(2,750)|-|11,753|
|Balance|Balance|
|brought|Transfers|carried|
|forward|between|forward|
|2020|Income|—_Expenditure|funds|2021|
|£|£|£|£|2|
|Community Foundation|3,779|-|(3,779)|-|-|
|Sport England|Lottery Fund|2,600|-|(2,600)|-|-|
|Workers Educational Association|3,874|18,294|(17,948)|-|4,220|
|Team Oasis|1,500|-|(432)|(1,068)|-|
|LCR Grant|-|3,600|(3,600)|-|-|
|Canal & River Trust|-|5.000|(1,536)|-|3,464|
|PWC LLP YCSF Grant|-|10,960|(10,960)|-|-|
|BNI Links|-|4,797|(2,722)|(2,075)|-|
|Total Funds (current year)|11,753|42,651|(43,577)|(3,143)|7,684|
**----- End of picture text -----**
The notes on pages 12 to 22 form part of these financial statements
page 21
## Award Solutions Notes to the Accounts (cont.) For the year ended 31 December 2021
## 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 2020.
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|Fund|Fund|Funds|
|Income|£|£|£|
|Donations and legacies|16,692|14,503|31,195|
|Comparative activities|16,122|-|13,372|
|Total income|32,814|14,503|44,567|
|Expenditure|on|
|Charitable|activities|29,822|2,750|29,822|
|29,822|2,750|29,822|
|Net income|2,992|11,753|14,745|
|Other Recognised|gains:|
|Net movement|in funds|2,992|11,753|14,745|
**----- End of picture text -----**
The notes on pages 12 to 22 form part of these financial statements
page 22