| Page | Page | |
|---|---|---|
| Reference and administrative details ofthe Company, its Trustees and advisers | 1 | |
| Trustees’ report | 2 | - 15 |
| Independent auditors’ report on the financial statements | 16- 19 | |
| Statement offinancial activities | 20 | |
| Balance sheet | 21 | |
| Statement ofcash flows | 22 | |
| Notes tothe financial statements | 23 | -35 |
| Trustees | Paul Webb, Chair |
|---|---|
| Michael Brown CBS DL | |
| Jonathan Drake | |
| Darren CorrTlack | |
| Michael Smith, Vice Chair | |
| Mary Quigg (appointed 1 July 2020) | |
| Claire Schimmer (appointed 1 July 2020) | |
| Company registered | |
| number | 8820018 |
| Charity registered | |
| number | 1156046 |
| Registered office | Duckworth House |
| Talbot Road | |
| Manchester | |
| M32 OFP | |
| Company secretary | K Taylor |
| Independentauditors | Crowe U.K. LLP |
| 3rd floor | |
| The Lexicon | |
| Mount Street | |
| Manchester | |
| M2 5NT | |
| Bankers | Royal Bank ofScotland plc |
| Drummond House | |
| Redheughs Ave | |
| Edinburgh | |
| EHI2 9JN | |
| Solicitors | Devonshire Solicitors |
| 30 Finsbury Circus, | |
| London | |
| EC2M 7DT |
| July 2020 | -June 2021 | July 2020-June 2021 | |
|---|---|---|---|
| Target | Achievement | ||
| People into employment | |||
| 150÷63(213) | 187÷69(256) | ||
| % ofpeople from priority group | 90% | 89% (99% including short-term | |
| into employment | unemployed) | ||
| % ofthose employed retained | 80% | 93% | |
| for minimum ofsix month |
| bbaa...—Le.- | L’ | ||
|---|---|---|---|
| Ex-Offender | Candidates who have a criminal record. This includes spent convictions | ||
| SAME | Black, Asian and minority ethnic candidates. | ||
| Long Term Unemployed (6 months | Candidates who have been out of employment | forover 6 months, any age | |
| plus) | |||
| NEET (16.24)3 monlhs’ plus | Candidates aged 16-24 who have not been in | education, employment, or | training for |
| over) months. | |||
| Nan-traditional roles g.e.. women | This is split into 3 main categories: | ||
| into construction) | |||
| . -Women into construction (trade)’ |
- women going into a trade role Le.. | ||
| plumbing, electrical. joinery. | |||
| . Women Intoconstruction (general)” —women going into non-trade roles |
|||
| such asadministration ortechnicalapprenticeships but within a construction | |||
| setting. | |||
| . “Non-traditional gender into role’ |
— for example men into care work or | ||
| nursing and women into engineering roles which don’t |
fall under |
||
| construction | |||
| Disability | Candidates who identify themselves as having | a disability either physical or mental. | |
| 60 plus | Candidates aged over 50 years old | ||
| History ofhomelessness | Candidates who have at some point been homeless This does not have to be street |
||
| homeless and can include sefa survey I of no rixed abode | |||
| In car&care leaver | Candidates who are either currently a looked aflerchild i.e.. those in the care oftheir | ||
| tocal authority or have been in the past. | |||
| Military Service Leaver | Candidates who have spent time In the armed forces i.e., army, navy, air force. etc.. |
| Tnistee | Appointed | Resigned |
|---|---|---|
| Appointed bythe Sole Subscriber Board | ||
| Michael Brown CBE DL’ | ||
| Appointed bythe Board ofTrustees | ||
| Paul Webb (Chair)’ | ||
| Darren Cormack | ||
| Jonathan Drake | ||
| Michael Smith (Vice Chair) | ||
| Appointedfrom.lJuly2020following merger | with Women and ManualTrades | |
| MaryQuigg’ | 1 July2020 | |
| Claire Schirnmer | IY July 2020 |
21st March 2022
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | - | 625,000 | 625,000 | 1,770,847 |
| Charitable activities | 4 | 46,633 | 19,831 | 66,464 | 26,504 |
| Investments | 5 | - | 26,460 | 26,460 | 25,229 |
| Total income | 46,633 | 671,291 | 717,924 | 1,822,580 | |
| ExpendIture on: | |||||
| Charitable activities | 7 | 5,473 | 622,986 | 628,459 | 1047,570 |
| Total expenditure | 5,473 | 622,986 | 628,459 | 1,047,570 | |
| 41,160 | 48,305 | 89,465 | 775:010 | ||
| Net movement in funds | |||||
| Reconciliation offunds: | |||||
| Total funds brought forward | 58,880 | 1,292,034 | 1,350,914 | 575,904 | |
| Net movement in funds | 41,160 | 48,305 | 89,465 | 775,010 | |
| 100,040 | 1,340,339 | 1,440,379 | 1,350,914 | ||
| Total funds carried forward |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 14 | 1,002,875 | 1,004,379 | ||
| Cash at bank and in hand | 1,046,786 | 1,237,505 | |||
| 2,049,661 | 2,241,884 | ||||
| Creditors: amounts falling due within one | |||||
| year | 15 | (609,282) | (890,970) | ||
| Net currentassets | 1,440,379 | 1,350,914 | |||
| Total assets less current liabilities | 1,440,379 | 1,350,914 | |||
| Total netassets | 1,440,379 | 1,350,914 | |||
| Charityfunds | |||||
| Restricted funds | 17 | 100,040 | 58,880 | ||
| Unrestricted funds | 17 | 1,340,339 | 1,292,034 | ||
| Total funds | 1,440,379 | 1,350,914 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Procure Plus Holdings Limited | - | 600,000 | 600,000 | 1,335,000 |
| Reallies Limited | - | 25000 | 25,000 | 388)000 |
| Women and Manual Trades | - | - | - | 47447 |
| - | 625,000 | 625,000 | 1,770,847 | |
| Total 2020 | 47,847 | 1,723,000 | 1,770,847 |
| Restricted | Unrestricted | Total | Total |
|---|---|---|---|
| funds | funds | funds | funds |
| 2021 | 2021 | 2021 | 2020 |
| £ | £ | £ | £ |
| 46,633 | 19,831 | 66,464 | 26,504 |
| - | 26,504 | 26,504 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Interest receivable | 26,460 | 26,460 | 25,229 |
| Total 2020 | 25,229 | 25,229 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Charitable Grants | - | 404100 | 404,100 | 536)206 |
| Othercosts | 3,373 | 210486 | 213,859 | 503,162 |
| Expenditure on governance | 2100 | 8400 | 10,500 | 8,202 |
| Total 2021 | 5,473 | 622,986 | 628,459 | 1,047,570 |
| Total 2020 | Z000 | 1,045,570 | 1047,570 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Direct costs | 5,473 | 622,986 | 628,459 | 1,047,570 |
| Total 2020 | 2,000 | 1,045,570 | 1,047,570 |
| CharItable grants | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Upturn | 60,300 | 19,500 |
| New Ground | 60,000 | 118,000 |
| Calico | 45,000 | 16,000 |
| B4 Box | 40,000 | 42,000 |
| Yes Project | 27,000 | 81,510 |
| Birchwood Centre | 27,000 | 17,000 |
| Inspire | 22,000 | - |
| The Jewel Foundation | 20,000 | 16,000 |
| Wigan Youth Zone | 20,000 | - |
| Woking Denbighshire | 14,000 | - |
| Salvation Army | 14,000 | - |
| Liverpool in Work | 10,000 | - |
| RCS Wales | 10,000 | - |
| Give Get Go | 8,000 | 10,000 |
| Tree of Life | 8,000 | 4,000 |
| Humankind | 6,000 | - |
| PATH | 6,000 | - |
| The Message | 4,000 | 9,000 |
| St Georges Crypt | 4,000 | - |
| Broughton Trust | 2,000 | 61,000 |
| Best | (1,000) | 2,000 |
| UCAN Famworth | (2,200) | 10,000 |
| We Mind the Gap | - | 56,000 |
| Communitiesforwort< | - | 26,000 |
| Street League | - | 25,000 |
| Volition | - | 14,000 |
| Building Heroes | - | 8,000 |
| Groundwork | - | (2,000) |
| Other smaller grants | - | Z 196 |
| Total grants made to promote charitable aims | 404,100 | 536,206 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company’s auditorforthe audit of the Company’s | ||
| annual accounts | 6,600 | 6,432 |
| Fees payable to the Company’s auditor in respect of: | ||
| All non-audit services not included above | 1,800 | 1,770 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Trade debtors | 2,875 | 4,379 |
| Amounts owed by group underlakings | 1,000,000 | 1,000,000 |
| 1,002,875 | 1,004,379 | |
| Creditors: Amountsfalling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 70,000 | 9,652 |
| Amounts owed to group undertakings | 100,000 | 500,000 |
| Othercreditors | 833 | 1,216 |
| Accruals and deferred income | 438,449 | 380,102 |
| 609,282 | 890970 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Financial | assets | ||
| Financial | assets measured at cost | 2,049,661 | 2,241,884 |
| 2021 | 2020 | ||
| £ | £ | ||
| Financial | liabilitIes | ||
| Financial | liabilities measured at cost | 608,449 | 889,754 |
| Statementoffunds - current year |
||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at 1 | 30 June | |||
| July 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 1,292,034 | 671,291 | (622,986) | 1,340,339 |
| Restricted funds | ||||
| Cumbria Restricted Funds | 11,033 | - | - | 11,033 |
| Women and Manual Trades | 47,847 | - | (5,473) | 42,374 |
| Midlands Social Value Funds | - | 46,633 | - | 46,633 |
| 58,880 | 46,633 | (5,473) | 100,040 | |
| Total offunds | 1,350,914 | 717,924 | (628,459) | 1,440,379 |
| Analysis of net assets between funds - curr |
ent year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Current assets | 100,040 | 1,949,621 | 2,049,661 |
| Creditors due within one year | - | (609,282) | (609,282) |
| Total | 100,040 | 1,340,339 | 1,440,379 |
| Analysis of net assets betweenfunds - prior | year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Current assets | 58,880 | Z183,004 | Z 241,884 |
| Creditors due within one year | - | (890,970) | (890,970) |
| Total | 58,880 | 1,292,034 | 1,350,914 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Net income forthe year (as per Statement of Financial Activities) | 89,465 | 775,010 | |
| Adjustments for: | |||
| interest receivable | (26,460) | (25,229) | |
| Decrease/(increase) in debtors | 1,504 | (211,495) | |
| Decrease in creditors | (281,688) | (69,687) | |
| Netcash provided byl(used in) operating activIties | (217,179) | 468,599 | |
| 20. | Analysis of cash and cash equivalents | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Cash in hand | 1,046,786 | 1,237,505 | |
| Total cash and cash equivalents | 1,046,786 | 1237,505 |
| At 1 July | At 30 June | |||||||
|---|---|---|---|---|---|---|---|---|
| 2020 | Cash flows | 2021 | ||||||
| £ | £ | |||||||
| £ | ||||||||
| Cash | at | bank | and | in | hand | 1,237,505 | (190,719) | 1,046,786 |
| 1,237,505 | (190,719) | 1,046,786 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Opening balance owed to related party | (86,000) | (50)500) |
| Accrual movement during the year | 12,000 | (37,500) |
| Amounts invoiced by related party | (72,000) | (79,500) |
| Funds paid to related party | 44,000 | 81,500 |
| (102,000) | (86,000) |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Opening balance owed to related party | (52,000) | (62,000) |
| Accrual movement during the year | 32,000 | 10,000 |
| Amounts invoiced by related party | (34,000) | (71,000) |
| Funds paid to related party | 31,000 | 71,000 |
| Closing balance owed to related party | (23,000) | (52,000) |