**Charity Registration No. 1158886** ## **BUILDING HEROES EDUCATION FOUNDATION** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2020** ## **BUILDING HEROES EDUCATION FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Board Of Trustees** **Board Of Trustees** P J J Bradbury D L Porter D Barling A Foster M J Betteridge (Appointed 15 February 2020) R Tucker MBE (Appointed 27 March 2020) Lt Cdr N Atkins (Appointed 17 January 2020) P Findlay (Appointed 15 May 2020) **Charity number** 1158886 **Independent examiner** William Daniels FCA, CTA Suite 11 33-34 Gleaming Wood Drive Chatham Kent ME5 8RZ ## **BUILDING HEROES EDUCATION FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Board's report|1 - 4| |Statement of Board's responsibilities|5| |Independent examiner's report|6 - 7| |Statement of financial activities|8| |Balance sheet|9 - 10| |Notes to the financial statements|11 - 21| ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BOARD'S REPORT** _FOR THE YEAR ENDED 31 JULY 2020_ The Board of Trustees present their report and financial statements for the year ended 31 July 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution , 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 applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016) ## **Objectives and activities** The charity's objects are: 1. For the public benefit to advance the education of (a) ex-armed forces personnel and members of their immediate families and (b) socially and/or economically disadvantaged persons aged 18 and over and (c) other persons who may wish to attend educational courses provided by the Charity for the persons set out in (a) and (b) above in Construction and Horticultural Skills in such ways as the charity trustees think fit, including by providing their education and preparing them for entry to any occupation, trade or profession. 2. To advance in life and help young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 3. To promote social inclusion for the public benefit amongst people aged 18 and over who are socially excluded and by preventing ex-armed forces personnel from becoming socially excluded and relieving the needs of those people who are socially excluded and assisting them to integrate into society. The Board of Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. - 1 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BOARD'S REPORT (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ We came into the year operating at five centres and leave with ten centres operational and more planned to be added early in the next year. Wiltshire College, Salisbury was added in November 2019 with 55 learners graduating in the academic year. Learning Curve Group, Middlesbrough was added in January 2020 with 18 learners graduating. South Thames College, Wandsworth was added in March 2020 with 12 graduating. A single cohort was taught at Sherford Training Centre, near Plymouth and another at the Train4All centre in Somerton, Somerset. As well as these centres delivering our Foundation in Property Management programme, we extended our offer to include a basic Engineering programme in partnership with Colchester Institute on their Harwich campus, the learners studied the Introduction to Engineering Operations Level 2 Diploma course which includes welding and fabrication, all achieved their required pass percentage. We are hoping to offer this course again and to find other locations for similar delivery. These additions follow our strategy to locate training centres near the large volumes of serving personnel as well as large number of veterans. This has led to very healthy numbers attending from day one at each centre. Unfortunately, due to COVID-19 there was no College based delivery during the Summer Term losing us over 250 places. Overall training volumes numbered 28 cohorts containing 320 learners for the academic year 2019-120, a 13% increase in learners over the previous year. However, had we delivered all our potential courses we would have delivered 570 places an increase of over 100%. With the uncertainty surrounding College opening during the pandemic, it is difficult to predict numbers for the next academic year, if we are fully open we expect to be able to offer over 750 places. Applications for all our courses is currently running in excess of 1,200 per year generating a significant waiting list but with expansion plans we hope we will be able to satisfy that level of demand within one to two years. We continue to be able to draw upon the Adult Education Budgets of the partner colleges to fund training for the financial year 2020-21 thereby significantly reducing the financial burden on the charity. All residential costs were met by contributions from other charities including the Royal British Legion, SSAFA and many of the relevant Regimental Funds. We have been able to qualify for ESF funding from Coast to Capital LEP, Middlesbrough Council, Wiltshire Council. Wandsworth Council and the Paddington Development Trust to cover certain of the costs of our programmes. We have also been able to draw sub-contracted funding from the Construction Skills Fund to cover other costs incurred in the delivery of our programme. Our collaboration with FIS, the finishes and interiors sector body, continues to enable us to access additional funding to cover our costs. We are very thankful for this on-going relationship. We have received support from a number of donors including, The David Wilson Foundation, The Veterans Foundation, The Royal British Legion, Tesco, Frimley Golf Club, as well as a number of smaller organisations and private individuals. Particularly welcome this year was several COVID Support grants, we have been fortunate to be awarded funds by the Armed Forces Covenant Trust, The National Lottery Community Fund, The Veterans Foundation and Horsham District Council, without this support it would have been very difficult to continue operations. - 2 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BOARD'S REPORT (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **Achievements and performance** We continue to examine expansion into further programmes including Groundworks and Civils and An Introduction to the Built Environment. We have been fortunate to find an employer to work with us on the Groundworks & Civils programme and will be working with Ringway/Eurovia in the next academic year to commence delivery. Interest has also been shown by Costain in this programme and discussions are underway. Future plans are very exciting. Further expansion is planned with delivery on active Construction Sites. Dubbed Building Heroes 2.0 this concept has been well received by developers and contractors seeking solutions to the skills shortage in their supply chains. Initial discussion are underway with six sites and COVID permitting we would like to see this initiative open for business during the next academic year. Davidsons Group from Leicestershire are looking the most likely candidate as the first implementation. Having now graduated over 900 learners in our history we are now examining the possibility of creating a trading organisation, staffed by our graduates and other Veterans, offering direct to the consumer and business to business property maintenance services. This business idea will be pursued in the next business year. Successfully launched it is believed that this business operation could provide all the funding necessary to run the charity going forward. We end 2019-20 in a much healthier position than we came in with volumes increasing and new sources of funds available to us, planned volume for 2020-21 is 750 learners across our ten partner colleges. New delivery centres using the FE College model are planned in the East and West Midlands as well as South Wales and maybe Scotland. Some of these may be BH2.0 sites depending on the demand from contractor/developers. The Trustees have strengthened with now eight appointed covering a wider geographical spread which will enable stronger regional links. The Trustees have now also formally appointed a Vice Chairman. We believe each of these actions will improve our overall Governance. From humble beginnings Building Heroes has grown to be the largest Military to Construction Charity in the UK whether measured by beneficiaries or turnover, by adopting a collaborative approach we are heavily embedded in the body of Military Charities supporting our beneficiaries, s a member of COBSEO we are involved in creating a healthier and happier future for all Military Veterans, the future looks very positive. ## **Financial review** It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Board of Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Charity has a very substantial deficiency of funds, but has secured unsecured, interest free and long term finance which it considers will be sufficient to enable it to continue its operations. - 3 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BOARD'S REPORT (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ The Board of Trustees has assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The Charity is a charitable incorporated organisation established under its constitution dated 1 October 2014 and registered with the Charity Commission on 16 October 2014. The Board of Trustees who served during the year and up to the date of signature of the financial statements were: P J J Bradbury D L Porter Air Marshal S K Reynolds CBE DFC RAF (Resigned 11 September 2019) D Barling A Foster Lt Col C More (Resigned 11 September 2019) M J Betteridge (Appointed 15 February 2020) R Tucker MBE (Appointed 27 March 2020) Lt Cdr N Atkins (Appointed 17 January 2020) P Findlay (Appointed 15 May 2020) E very trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees in accordance with its constitution . In selecting individuals for appointment as charity trustees, the charity trustees have regard to the skills, knowledge and experience needed for its effective administration. None of the Board of Trustees has any beneficial interest in the Charity. All of the Board of Trustees are members of the Charity. They have no liability in the event of a winding up. The Board's r eport was approved by the Board Of Trustees. **P J J Bradbury** Trustee Dated: 25 March 2021 - 4 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **STATEMENT OF BOARD'S RESPONSIBILITIES** _FOR THE YEAR ENDED 31 JULY 2020_ The Board of Trustees are responsible for preparing the Board's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements, the Board of Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Board of Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 5 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE BOARD OF TRUSTEES OF BUILDING HEROES EDUCATION FOUNDATION** I report to the Board of Trustees on my examination of the financial statements of Building Heroes Education Foundation (the Charity) for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the Board of Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: - 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 financial statements to be reached. William Daniels FCA, CTA - 6 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED)** ## **TO THE BOARD OF TRUSTEES OF BUILDING HEROES EDUCATION FOUNDATION** Suite 11 33-34 Gleaming Wood Drive Chatham Kent ME5 8RZ Dated: 25 March 2021 - 7 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _FOR THE YEAR ENDED 31 JULY 2020_ |||**Unrestricte**|**Restricted**|**Total**Unrestricted|**Total**Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||**d**|||||| |||**funds**|**funds**||funds|funds|| |||**2020**|**2020**|**2020**|2019|2019|2019| ||**Note**|**£**|**£**|**£**|**£**|**£**|**£**| ||**s**||||||| |**Income from:**|||||||| |Donations and|||||||| |legacies|**3**|112,279|92,000|204,279|45,553|96,370|141,923| |Charitable activities|**4**|265,759|-|265,759|137,535|-|137,535| |Other trading|||||||| |activities|**5**|20,220|-|20,220|310|-|310| |**Total income**||398,258|92,000|490,258|183,398|96,370|279,768| |**Expenditure on:**|||||||| |Raising funds|**6**|5,337|-|5,337|732|-|732| |Charitable activities|**7**|209,151|28,287|237,438|126,640|108,829|235,469| |**Total resources**|||||||| |**expended**||214,488|28,287|242,775|127,372|108,829|236,201| |**Net income for the year/**|||||||| |**Net movement in funds**||183,770|63,713|247,483|56,026|(12,459)|43,567| |Fund balances at 1|||||||| |August 2019||(303,375)|
29,135|(274,240)|(359,401)|41,594|(317,807)| |**Fund balances at 31**|||||||| |**July 2020**||(119,605)|
92,848|(26,757)|(303,375)|29,135|(274,240)| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 8 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BALANCE SHEET** _AS AT 31 JULY 2020_ |**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
Loans and overdrafts
**13**
Taxation and social security
Other creditors
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due**
**after more than one year**
**15**
**Net liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2020**
**£**
**£**
5,592
23,995
232,473
256,468
60,000
3,094
52,115
115,209
141,259
146,851
(173,608)
(26,757)
92,848
(119,605)
(26,757)|**2019**
**£**
**£**
146
30,375
39,766
70,141
-
1,777
39,142
40,919
29,222
29,368
(303,608)
(274,240)
29,135
(303,375)
(274,240)| |---|---|---| The financial statements were approved by the Board Of Trustees on 25 March 2021 P J J Bradbury **Trustee** - 9 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **BALANCE SHEET (CONTINUED)** _AS AT 31 JULY 2020_ - 10 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _FOR THE YEAR ENDED 31 JULY 2020_ ## **1 Accounting policies** ## **Charity information** Building Heroes Education Foundation is a charitable incorporated organisation established under its constitution dated 1 October 2014 and registered with the Charity Commission on 16 October 2014 . ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Charity's constitution, 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 applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements 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 FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** These financial statements are prepared on the going concern basis. The Board of Trustees have a reasonable expectation that the Charity will continue in operational existence for the foreseeable future, however, the Board of Trustees are aware of certain material uncertainties which may cause doubt on the charity's ability to continue as a going concern. It is reliant on unsecured, interest free long term loan funding and has been assured that no repayment will be sought until funds permit. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Board of Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. - 11 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **1 Accounting policies** **(Continued)** Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. ## **1.4 Income** Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. Expenditure on generating funds comprises the direct costs incurred by the charity in generating funds . Expenditure on charitable activities comprises the direct costs incurred by the charity in delivering its charitable objectives. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers 33% pa The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. - 12 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **1 Accounting policies** **(Continued)** ## **1.7 Impairment of fixed assets** At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _Basic financial assets_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _Basic financial liabilities_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. - 13 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **1 Accounting policies (Continued)** ## _Derecognition of financial liabilities_ Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the Charity’s accounting policies, the Board of Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 14 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **3 Donations and legacies** |Unrestricted Restricted
**Total**
funds
funds
**2020**
**2020**
**2020**
**£**
**£**
**£**
Donations and gifts
24,062
-
24,062
Support grants
88,217
92,000
180,217
112,279
92,000
204,279
**For the year ended 31 July 2019**
45,553
96,370
**4**
**Charitable activities**
**2020**
**£**
Services provided under contract
265,759
**5**
**Other trading activities**
Unrestricted
funds
**2020**
**£**
Fundraising events
20,220|Total
2019
£
45,553
96,370
141,923
141,923
**2019**
**£**
137,535
Total
2019
£
310| |---|---| - 15 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ |**6**
**Raising funds**
Unrestricted
funds
**2020**
**£**
Fundraising and publicity
Staging fundraising events
5,337
5,337|Total
2019
£
732
732| |---|---| - 16 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **7 Charitable activities** |Staff costs
Depreciation and impairment
Training projects
Advertising
Rent
Travel and subsistence
Telephone and internet
Computer costs
Insurance
Bank charges
Provision for bad and doubtful debts
Consultancy and professional costs
Other staff costs
Other office expenses
Miscellaneous costs
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2020**
**£**
146,523
1,458
42,360
2,581
6,240
8,887
4,432
8,022
524
412
-
6,463
19
549
5,368
233,838
3,600
237,438
209,151
28,287
237,438|**2019**
**£**
128,589
276
72,577
1,596
6,240
10,359
3,790
2,901
444
237
500
1,141
-
524
3,655
232,829
2,640
235,469
126,640
108,829
235,469| |---|---|---| - 17 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **8 Support costs** |Support
costs
Governance
costs
**£**
**£**
Legal and professional
-
3,600
-
3,600
Analysed between
Charitable activities
-
3,600|**2020**
**£**
3,600
3,600
3,600|2019
£
2,640
2,640
2,640| |---|---|---| ## **9 Board Of Trustees** None of the Board of Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. ## **10 Employees** The average monthly number of employees during the year was: ||**2020**|**2019**| |---|---|---| ||**Number**|**Number**| ||7|7| |**Employment costs**|**2020**|**2019**| ||**£**|**£**| |Wages and salaries|137,741|120,298| |Social security costs|6,214|5,624| |Other pension costs|2,568|2,667| ||146,523|128,589| - 18 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ |**11**
**Tangible fixed assets**
**Cost**
At 1 August 2019
Additions
At 31 July 2020
**Depreciation and impairment**
At 1 August 2019
Depreciation charged in the year
At 31 July 2020
**Carrying amount**
At 31 July 2020
At 31 July 2019
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
**13**
**Loans and overdrafts**
Other loans
Payable within one year
Payable after one year|**Computers**
**£**
828
6,904
7,732
682
1,458
2,140
5,592
146
**2020**
**2019**
**£**
**£**
23,995
30,375
**2020**
**2019**
**£**
**£**
233,608
303,608
60,000
-
173,608
303,608| |---|---| The long term loans are unsecured, interest free and only repayable when funds permit. - 19 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ |**14**
**Other creditors falling due within one year**
Trade creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one**
**year**
Borrowings|**2020**
**£**
2,846
49,269
52,115
**2020**
**£**
173,608|**2019**
**£**
26,178
12,964
39,142
**2019**
**£**
303,608| |---|---|---| ## **16 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |||**Movement**|**in funds**||| |---|---|---|---|---|---| ||**Balance at**|**Incoming**|**Resources**|
**Balance at 31**|| ||**1 August**|**resources**|**expended**||**July 2020**| ||**2019**
**£**|**£**|**£**||**£**| |David Wilson Foundation - East Midlands|||||| |training|-|67,000|(8,000)||59,000| |Veterans Foundation - staff for geographical|||||| |expansion|-|25,000|-||25,000| |BFBS Big Salute - Workwear|22,917|-|(14,069)||8,848| |Armed Forces Covenant - Employment|||||| |engagement|4,718|-|(4,718)||-| |Robert Clutterbuck Charitable Trust -|||||| |Workwear|1,500|-|(1,500)||-| ||29,135|92,000|(28,287)||92,848| - 20 - ## **BUILDING HEROES EDUCATION FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _FOR THE YEAR ENDED 31 JULY 2020_ ## **17 Analysis of net assets between funds** ||**Unrestricte**|**Restricted**|**Total**Unrestricted|**Total**Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||**d**
**2020**|**2020**|**2020**|2019|2019|2019| ||**£**|**£**|**£**|£|£|£| |Fund balances at 31||||||| |July 2020 are||||||| |represented by:||||||| |Tangible assets|5,592|-|5,592|146|-|146| |Current assets/||||||| |(liabilities)|48,411|92,848|141,259|87|29,135|29,222| |Long term liabilities|(173,608)|
-|(173,608)|(303,608)|-|(303,608)| ||(119,605)|
92,848|(26,757)|(303,375)|29,135|(274,240)| ## **18 Contingent liabilities** The Charity has entered into a collaborative partnership with on of it s major providers of tuition services, Chichester College Group. The College claims that the Charity owes £1 07 ,000 in respect of past services provided. The Charity disputes the claim which it considers is excessive. Under the agreement the Charity will source and coordinate qualifying learners in exchange for which the College will, subject to agreed targets being met, waive its disputed claim. ## **19 Related party transactions** There were no disclosable related party transactions during the year (2019 - none). - 21 -