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2021-04-30-accounts

COMPANY REGISTRATION NUMBER: 09006403 CHARITY REGISTRATION NUMBER: 1159150

A-M-E-N-D-I-N-G

BLUEPRINT TRUST

Company limited by guarantee AUDITED FINANCIAL STATEMENTS

30 APRIL 2021

COMPANY REGISTRATION NUMBER - 09006403

CHARITY NUMBER - 1159150

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

CONTENTS PAGE
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 11
Statement of financial activities (including income and
expenditure account) 15
Statement of financial position 16
Statement of cash flows 17
Notes to the audited financial statements 18

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

TRUSTEES' ANNUAL REPORT

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Blueprint Trust
Charity registration number 1159150
Company registration number 09006403
Principal office and registered 12A Charterhouse Square
office London
EC1M 6AX
The trustees
Susan Garrard
Loughlin Hickey
Andrea Ponti
Andrew Hill (Retired 8 October 2020)
Brendan McCafferty
Kate Glazebrook
Maaike De Bie
Michael Barry
Julie Hirigoyen (Appointed 3 December 2020)
Chief executive officer
 Charles Wookey
Chief operating officer Soulla Kyriacou
Company secretary Charles Wookey
Auditor Jackson Nicholas Assie Limited
Chartered Certified Accountants & statutory auditor
Suite 7, Meridian House
62 Station Road
Chingford
London
E4 7BA
Bankers HSBC
West End Corporate Centre
4thFloor, 133 Regents Street
London
W1B 4HX

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 April 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Blueprint Trust was incorporated as a company limited by guarantee on 23 April 2014. It was registered as a charity in November 2014. We are governed in accordance with the Memorandum and Articles of Association of Blueprint Trust. The activities of Blueprint Trust are carried out under the name of ‘A Blueprint for Better Business’.

The trustees regularly review their membership to identify gaps in skills, expertise and diversity and names for new trustees are put forward. These are researched by the team and a decision on who to approach is made by the trustees.

Our articles provide for the establishment of an Advisory Council to advise the Trustees on matters related to the Objects, the Principles and Framework, the Provenance and the activities of the Charity. Council Members are appointed having regard to the need for broad representation of business and wider society to include employees, investors, consumers, academics, non-governmental organisations, faith groups and the media, but so that no single constituency should be in the overall majority. The members of the Council are currently as follows:

Jane Corbett (Chair) David Blood Stephen Brenninkmeijer Baroness Jeannie Drake Gillian Guy Margaret Heffernan Philip Marsden Sir Charlie Mayfield Cardinal Vincent Nichols David Nussbaum Paul Polman Rumi Verjee, Baron Verjee

Brief biographies for our Trustees, members of our Advisory Council and team are available on our website at http://www.blueprintforbusiness.org/our-people/.

PUBLIC BENEFIT STATEMENT

We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our activities.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

The Trust exists to advance by charitable means the personal civic responsibility of people in the context of their work, so that they take their values to work with them, and thereby promote a change in culture and behaviour within business for the betterment of society. Its fundamental aim is to help establish principles which, if followed and implemented, can lead business and business leaders to establish the right behaviour and ethics to bring about a much better relationship with their employees, their customers, their investors, the community and therefore society as a whole, for the public benefit.

OBJECTIVES AND ACTIVITIES

The objects of the Blueprint Trust (“Blueprint”) are the advancement for the benefit of the public of civic responsibility and good citizenship, by promoting responsible standards in business.

Blueprint’s purpose is to create a better society through better business. We act as a catalyst to help businesses be inspired and guided by a purpose that benefits society and respects people and planet. We help businesses of all sizes be purpose-driven through our Five Principles of a Purpose Driven Business and A Framework to Guide Decision Making (both available on our website at www.blueprintforbusiness.org).

ACHIEVEMENTS, PERFORMANCE AND STRATEGIC REPORT

Engagement with large corporates

Our theory of change is to focus our efforts primarily on senior people in large businesses, and those who influence them. We focus on large businesses because of their scale and reach and on senior people because the most effective way to initiate the involvement of these businesses is through engaging with their CEOs and other senior leaders. Our aim is to create mindset and behavioural change and we accept that this will take time. We work with a small number of large businesses in order to both test and learn from the application of our thinking, but also to create and build examples of large companies who have made the change that can go on and inspire others to follow.

‘Social contracts’

We are not a consultancy and our work with companies is designed to provoke a different way of thinking, offer challenge and support and stimulate action. We have been working with a small number of large businesses in what we call ‘social contracts’. This arrangement is not legal or financial but involves a commitment on their part to a relationship with us over a period of 18-24 months, where their CEO has regular 1:1 conversations with us around a pre-agreed set of goals, and we have more regular conversations with one or more other senior people in the organisation. This combination helps keep up momentum for change in the company and gives us a formal mechanism to challenge and support them. In addition, we hold sessions for their leadership and other teams, involve them in our CEO and other forums, and are involved in other specific sessions relating to the work they undertake, alongside any external consultants they may engage. During the year we worked with 6 companies in this way.

In addition to the work with these 6 companies we have worked with other businesses in different ways, including 1:1 meetings with their CEOs and other senior people, running workshops for leadership teams, ‘town hall’ meetings for larger teams, workshops for smaller teams, and other interventions and meetings designed to help provoke different ways of thinking. Since March 2020 all of these meetings have been held online.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Inspiring others

One of our aims is to build a core group of CEOs who not only want to change but are willing to invest in helping others make that journey. We have been convening regular CEO forums for 2 groups of 3-4 CEOs, most of whom we work with under ‘social contract’, so they can share what they are doing with each other, with the Blueprint Principles as a provocation, and to offer a form of mutual accountability. The first of these met in January 2019 and each group meets 3-4 times a year. A new 3rd group was formed during the year.

In addition, we periodically convene larger groups of CEOs to help inspire them to become purpose led. In December 2020, Alan Jope, CEO of Unilever hosted a virtual evening for us attended by the CEOs of 7 major corporates.

Examples of evidence of our impact

Michael Duncan, head of giving strategy & programmes at NatWest Group, references us in this article: “ At NatWest Group, we were excited to launch our new Purpose last year, which was the culmination of a long journey supported by our friends at A Blueprint for Better Business. Purpose is much more than just a tagline, but at the heart of our purpose is a desire to champion the potential of people, families and businesses – to help the communities we operate in to thrive.” He goes on to explore how, as businesses become more purpose-led, the nature of their relationships with charities evolve. https://www.communicatemagazine.com/features/2021/a-business-driven-by-its-purpose/

In this article Jon Lewis CEO of Capita uses the Blueprint Principles to describe what they need to do: “ Purpose has to be consistently put into practice ”. Jon said: “ We have to be honest and fair with our customers and suppliers. We have to be a good citizen in how we operate. We have to be a responsive and responsible employer. Lastly, we have to think about the future generations and be sustainable in our outlook” - The purpose-driven business | Capita

Programmes of Activity

We have been running 3 programmes of activity aimed at specific groups of senior business people:

HR Directors programme – the objectives of this programme is to help create an environment of support to help drive meaningful change, to challenge the group to reflect on and think critically about their HR programmes, deepen our understanding of the core issues, common pitfalls and underlying beliefs that hold HR directors back from leading for change and leverage these to provide further challenge and support to the corporates we work with. Having held 2 events in 2019, the first hosted by Unilever and the second by Standard Chartered, we had to postpone a third event planned for April 2020 due to the COVID 19 pandemic. In November 2020, we convened a third event, which was held online, where NatWest Group presented their ‘Learning for the Future’ programme to a group of HR directors. This programme has been a deep dive into what they have learned during the COVID crisis, to identify the ‘limiting beliefs and liberating cycles’ to help them become more purpose led.

Chairs programme – the objective of this programme is to inspire Boards to be trustees of their companies’ purpose and explore what it means to be purpose-led in relation to all stakeholders, as set out in our Five Principles. Following meetings held in 2019 chaired by Mike Rake, then Chair of our Advisory Council, together with Jon Lewis and Ian Powell of Capita we continued to engage virtually with an influential group of Chairs, NEDs and executives to debate and agree the role of the board of a purpose-led business and identify a list of best practices. A short paper summarising these, together with a set of questions for board reflection was produced in July 2020: Purpose-for-PLCs_Blueprint.pdf (blueprintforbusiness.org).

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Being a Guardian for Future Generations - the objectives of this programme is to help better connect and integrate work being done in businesses on sustainability to the work being done on purpose, and to inspire senior decision makers to address the environmental challenges we face through the way they run their businesses, going beyond minimising harm to having a positive impact. As part of this work we have formed 2 small groups made up of 3-5 heads of sustainability, drawn from the companies we work with in social contract and some others. These groups meet 3-4 times a year to share their experiences, learning and provide peer challenge and support. The first meetings were held in February and March 2020 and have continued virtually throughout the year.

Network of Coaches and Consultants (C&Cs)

We have built an informal network of C&Cs who share our ethos and continue to get interest from C&Cs who come across Blueprint either through their work, via other C&Cs, or through our website and social media. We now have over 200 C&Cs in our network. The purpose of the network is to amplify and accelerate the adoption of our thinking through influencing the work of C&Cs who work with businesses of all sizes. We convene this group twice a year to enable them to share experiences and learning, with Blueprint’s thinking as a common point of reference. During 2020 we moved these meetings online which has meant C&Cs from outside the UK have been able to participate, including from the US, Germany, Spain and Hungary.

Sharing what we are learning

Through our social contracts and other work, we are building a wealth of knowledge on what it means to be a purpose led company and the journey a company goes on to become purpose led. We are now seeking to develop effective ways to draw out and capture what we are learning and effectively share it more widely, so that we can accelerate change more broadly than just through the companies we can reach 1:1. We have therefore embarked on a project to create a web based ‘knowledgebase’, housed on our website, that aims to enable practitioners in businesses and others to use our thinking without having to work directly with us. The first stage of this involved developing a new website that could house this content. The new website with refreshed content went live in November 2020. In the meantime, we have been building the ‘knowledgebase’. This is essentially a series of courses but has been designed with the objective that it can also be used as a resource for practitioners, coaches and consultants and others passionate about purpose. This is an ambitious project and has taken us longer than we initially anticipated, both to build the platform, working with a team of web developers, and to develop the content. The first test phase for the knowledgebase was completed in June 2021. We will work on enhancements over the summer to reflect the feedback received and a second test phase with a bigger group of testers will be carried out in the autumn. We hope to make the knowledgebase section of our website public in late 2021.

We will also use the feedback from the pilots to inform our plans for how to use the knowledgebase to reach a broader audience, including for example building online communities of practice, running courses and workshops and collaborating with other organisations.

Work aimed at Investors

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

have created a page on their website to highlight a number of purpose initiatives (here) including Blueprint

Raising our profile

We hosted the following webinars, which were not only well attended but have been frequently visited since:

We were invited to speak at the following external events:

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Collaboration

As a small team, we seek to collaborate with others with similar objectives where possible. We also seek to work with wider society as a way to help influence business.

PLANS FOR THE FUTURE

During the year we commissioned a learning evaluation of our work and our impact and the trustees have been using the findings of this evaluation to inform our strategy going forward.

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

COVID-19

The Trustees have been carrying out a continuous assessment of the impact of COVID-19 on the operations of the charity, and considered the risks and threats posed. We are satisfied that to date, the threat to operations has been minimal, and whilst working arrangements have had to be adapted, this has not significantly reduced the effectiveness of the organisation. We are monitoring events in the country as a whole, and have a protocol in place to provide a quick response to any changes in the operating environment, but currently do not anticipate any circumstances that significantly curtail the ability of the charity to function.

FINANCIAL REVIEW

The total cash funds held by the charity at the year end were £407,639. In July 2020 the trustees decided that in order to diversify our donor base we would invite donations from business. However, we will continue not to charge businesses for our services and our services will not be contingent on the businesses making donations. Whilst the majority of the funds raised in the year were from charitable grant-making foundations, we have managed to secure a number of pledges for future years from corporates which has secured our funding at current operating levels for the financial years to 30 April 2024. A full list of the donations received in the year are listed in note 5.

We should like to thank all of our donors for their ongoing support. We should also like to thank all those people and organisations that have provided us with pro bono support, either through their time or by hosting or speaking at our meetings and events.

INVESTMENT POLICY

Aside from retaining a prudent amount in reserves each year (see below), most of the charity's funds are to be spent in the short term so there are few funds for long-term investment. Our pensions are invested through Smart Pensions by Legal and General.

RESERVES POLICY

We are a small charity and cannot justify holding large amounts in reserve. Our target is to hold sufficient reserves to cover at least a quarter of our annual target budget (our current reserves target is £135,000). Our reserves at the year-end exceed this amount. We prepare regular cash-flow forecasts by month to identify troughs in our income and keep sufficient funding in reserve. We constantly review the level of donations due over the next 12-18 months to ensure potential cash-flow issues are identified well in advance. We also regularly review our anticipated ‘shut down costs’ and ensure we hold sufficient funds in our reserves to cover these.

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

RISK MANAGEMENT

The Trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

STAFFING

Our staffing during this period was as follows:

Our founder CEO Charles Wookey will be stepping down at the end of April 2022 we are recruiting for his successor over the summer of 2021.

VOLUNTEERS

All of our work is carried out by our paid team. However, we should like to thank those who have given their time voluntarily to provide pro bono advice and support to us during the period. This has enhanced and enriched our work. This advice and support is generally project based or relating to specific aspects of our work, such as providing feedback on or input to specific documents, attending specific meetings to lend expertise and insights, or sharing ideas and approaches. The efforts of volunteers constitute a valuable element of the charity’s activities.

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in note 22 to the Audited Financial Statements.

TRUSTEES’ RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the Audited 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 Audited Financial Statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these Audited Financial Statements, the trustees are required to:

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Audited Financial Statements comply with the Companies Act 2006. 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.

The directors make the following statements:

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 3 December 2021 and signed on behalf of the board of trustees by:

Loughlin Hickey (Trustee)

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BLUEPRINT TRUST

Opinion

We have audited the financial statements of Blueprint Trust (the 'charity') for the year ended 30 April 2021 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cashflows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the audited financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements relating to the audit of the financial statements in the UK, including the Financial Reporting Standards (the ‘FRC’s) Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In common with many other charities of this size and nature the auditors are used to assist with the preparation of the financial statements.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in preparation of the financial statements is appropriate.

Based on the work, we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor’s report is not a guarantee that the company will continue in operation.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Other information

The other information comprises the information included in the trustees’ report, other than the financial statements and our auditors report thereon. The trustees are responsible for the other information contained within the trustees’ report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the applicable financial reporting framework and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of audited financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect or irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the nature of the charity’s industry and its control environment and reviewed the charity’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and others within the entity about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory frameworks that the charity operates in, and identified the key laws and regulations that:

– had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Companies Act, Charities Act, Charities (Accounts and Reports) Regulations 2008, Health and Safety Act, employment law, pensions legislation, tax legislation, Bribery Act and Slavery Act; and

– do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. These included the Charity Commission for England and Wales (Charity Commission) regulations, fundraising regulations and Anti-Money Laundering Regulations (including Proceeds of Crime Act 2002 and Terrorism Act 2000)

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address them are described below:

– Recognition of grant income: this involves judgement around whether grants have performance conditions attached to them which have to be met before income can be recognised, as well as judgement over whether or not those conditions have been satisfied. On a sample basis, we have assessed the judgements and estimates made by management in the recognition of this income.

– Appropriate allocation of restricted income: there is a risk that restricted income may not have been identified and allocated as such. We reviewed the allocation of income to restricted or unrestricted funds on initial recognition to ensure restrictions were appropriately identified and applied, and we reviewed fund transfers from restricted to unrestricted funds to assess the rationale for those movements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

– reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

– performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

– enquiring of management concerning actual and potential litigation and claims, and instances of noncompliance with laws and regulations; and

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

– reading minutes of meetings of those charged with governance, reviewing internal management reports, reviewing correspondence with HMRC and with the Charity Commission.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Assie FCCA (Senior Statutory Auditor) for and on behalf of

Jackson Nicholas Assie Limited Chartered Certified Accountants and Statutory Auditors Suite 7, Meridian House 62 Station Road North Chingford London E4 7DB

4 December 2021

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 APRIL 2021

2021 2020
Unrestricted
fundsTotal funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 709,552 709,552 522,909
Charitable activities 6 – – 634
Investment income 7 48 48 378
───────── ───────── ─────────
Total income 709,600 709,600 523,921
═════════ ═════════ ═════════
Expenditure
Expenditure on charitable activities 8,9 501,055 501,055 455,428
───────── ───────── ─────────
Total expenditure 501,055 501,055 455,428
═════════ ═════════ ═════════
───────── ───────── ─────────
Net income and net movement in funds 208,545 208,545 68,493
═════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 287,816 287,816 219,323
───────── ───────── ─────────
Total funds carried forward 496,361 496,361 287,816
═════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 18 to 28 form part of these financial statements .

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

STATEMENT OF FINANCIAL POSITION

YEAR ENDED 30 APRIL 2021

2021 2020
Note £ £ £
Fixed assets
Tangible fixed assets 15 20,666 –
Current assets
Debtors 16 115,116 111,848
Cash at bank and in hand 407,639 189,885
───────── ─────────
522,755 301,733
Creditors: amounts falling due within one year 17 (47,060) (13,917)
───────── ─────────
Net current assets 475,695 287,816
───────── ─────────
Total assets less current liabilities 496,361 287,816
───────── ─────────
Net assets 496,361 287,816
═════════ ═════════
Funds of the charity
Unrestricted funds 496,361 287,816
───────── ─────────
Total charity funds 19 496,361
═════════		 287,816
═════════

These Audited Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These Audited Financial Statements were approved by the board of trustees and authorised for issue on 3 December 2021, and are signed on behalf of the board by:

Sue Garrard Loughlin Hickey Trustee Trustee

Company Registration Number: 09006403

The notes on pages 18 to 28 form part of these financial statements

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BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

STATEMENT OF CASHFLOWS

YEAR ENDED 30 APRIL 2021

2021 2020
£ £
Cash flows from operating activities
Net income 208,545 68,493
Adjustments for:
Depreciation of tangible fixed assets 10,333 2,118
Other interest receivable and similar income (48) (378)
Accrued income (9,100) (104,808)
Changes in:
Trade and other debtors 5,732 (6,848)
Trade and other creditors 33,243 (1,348)
───────── ─────────
Cash generated from operations 248,705 (42,771)
Interest received 48 378
───────── ────────
Net cash from/(used in) operating activities 248,753 (42,393)
Cash flows from investing activities
Purchase of tangible assets (30,999) –
───────── ────────
Net increase/(decrease) in cash and cash equivalents 217,754 (42,393)
Cash and cash equivalents at beginning of year 189,885 232,278
───────── ─────────
Cash and cash equivalents at end of year 407,639 189,885
═════════ ═════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Financial Statements Year ended 30 April 2021

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 12A Charterhouse Square, London, EC1M 6AX.

2. Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. .

3. Accounting policies

Basis of preparation

The Audited Financial Statements have been prepared on the historical cost basis.

The Audited Financial Statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The trustees have considered the impact of COVID-19 on the charity’s activities and have concluded there is no long-term impact on the organisation. As a result, it is considered that the going concern status remains intact.

There are no other material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have not been any judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies There are no other judgements nor other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Straight line basis over 3 years - Website Straight line basis over 4 years - Computer Equipment

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

4. Limited by guarantee

Blueprint Trust is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Donations
Christopher Saul – – 5,000 5,000
Syder Foundation 25,000 25,000 – –
Naguib Kheraj – – 5,000 5,000
Richard Oldfield – – 5,000 5,000
The Rumi Foundation 10,000 10,000 – –
The Golden Bottle Trust – – 150,000 150,000
Severn Trent Water 10,000 10,000 – –
Natwest Group 84,000 84,000 – –
Pinsent Mason 30,000 30,000 – –
Anglo American Services UK 75,000 75,000 – –
The Hintze Family Charitable
Foundation – – 10,000 10,000
Turner & Townsend 50,000 50,000 – –
Recoverable from HMRC in Gift Aid – – 26,750 26,750
Other Donations 11,461 11,461 110,151 110,151
Grants
Porticus 314,091 314,091 91,008 91,008
Oak Foundation 100,000 100,000 100,000 100,000
Randeree Charitable Trust – – 10,000 10,000
The Holbeck Charitable Trust – – 10,000 10,000
───────── ───────── ───────── ─────────
709,552 709,552 522,909 522,909
═════════ ═════════ ═════════ ═════════
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Income from workshops or events –
════		 –
════		 634
════		 634
════

Attendees of some workshops and events have in the past been invited to make voluntary donations to help cover some of the third-party costs associated with the meetings. There were no such meetings in the year (donations of £634 were made in 2020).

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

7. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Bank interest receivable 48 48 378 378
════ ════ ════ ════
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Core activity 483,421 483,421 440,118 440,118
Support costs 17,634 17,634 15,310 15,310
───────── ───────── ───────── ─────────
501,055 501,055 455,428 455,428
═════════ ═════════ ═════════ ═════════

8. Expenditure on charitable activities by fund type

There is no separate analysis of significant activities, as there are no discernible delineations in the activities, and they are therefore most meaningfully construed as one activity.

9. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2021 2020
£ £ £ £
Core activity 483,421
9,738		 493,159 447,447
Governance costs –
7,896		 7,896 7,981
─────────
────────		 ───────── ─────────
483,421
17,634		 501,055 455,428
═════════
════════		 ═════════ ═════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

10. Analysis of support costs

Professional
Accountancy
Audit Fees
Fees
fee		 Payroll I.T Total 2021 Total 2020
£ £ £ £ £ £ £
Governance costs 3,852
192
3,852		 – – 7,896 7,981
Support costs - Other costs –
–
–		 550 9,188 9,738 7,329
───────
────
───────		 ──── ──────── ──────── ────────
3,852
192
3,852		 550 9,188 17,634 15,310
═══════
════
═══════		 ════ ════════ ════════ ════════

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

11. Net income

Net income is stated after charging/(crediting):

Net income is stated after charging/(crediting):
2021 2020
£ £
Depreciation of tangible fixed assets 8,000 2,118
Operating lease rentals 40,598
═══════		 36,802
════════

12. Auditors remuneration

2021 2020
£ £
Fees payable for the audit of the audited financial statements 3,703 3,703
Fees payable for non-audit services 4,044
═══════		 4,278
═══════

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2021 2020
£ £
Wages and salaries 299,679 301,913
Social security costs 35,291 34,610
Employer contributions to pension plans 34,325 36,728
───────── ─────────
369,295
═════════		 373,251
═════════

The average head count of employees during the year was 5 (2020: 6). The average number of full-time equivalent employees during the year is analysed as follows:

2021 2020
No. No.
Number of project support staff 3 4
Number of management staff 2 2
──── ────
5 6
════ ════

The number of employees whose remuneration for the year fell within the following bands, were:

2021 2020
No. No.
£60,000 to £69,999 1 1
£80,000 to £89,999 1 –
£90,000 to £99,999 1 1
──── ────
3 2
════ ════

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total paid to key management personnel for services provided to the charity was £200,272 (2020: £195,097).

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

14. Trustee remuneration and expenses

No trustees received any remuneration and no trustees received expenses during the year (2020: Nil).

No trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year or the previous year.

15. Tangible fixed assets

Computer
Website Equipment Total
£ £ £
Cost
At 1 May 2020 27,054 8,472 35,526
Additions 30,999 – 30,999
──────── ─────── ────────
At 30 April 2021 58,053 8,472 66,525
════════ ═══════ ════════
Depreciation
At 1 May 2020 27,054 8,472 35,526
Charge for the year 10,333 – 10,333
──────── ─────── ────────
At 30 April 2021 37,387 8,472 45,859
════════ ═══════ ════════
Carrying amount
At 30 April 2021 20,666 – 20,666
════════ ═══════ ════════
At 30 April 2020 – – –
════════ ═══════ ════════
Debtors
2021 2020
£ £
Prepayments and accrued income 115,116 111,848
═════════ ═════════
Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 33,263 201
Accruals and deferred income 92 192
Social security and other taxes 9,538 9,285
Other creditors - pension liability 4,167 4,239
──────── ────────
47,060
════════		 13,917
════════

16. Debtors

17. Creditors: amounts falling due within one year

There is no other pension liability other than those disclosed above.

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

18. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £34,325 (2020: £36,728).

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 May 2020 Income Expenditure
30 April 2021
£ £ £ £
General funds 287,816 709,600 (501,055)
496,361
═════════ ═════════ ═════════ ═════════
At At
1 May 2019 Income Expenditure 30 April 2020
£ £ £ £
General funds 219,323 523,921 (455,428)
287,816
═════════ ═════════ ═════════ ═════════
Analysis of net assets between funds
Unrestricted Total Funds
Funds 2021
£ £
Tangible fixed assets 20,666 20,666
Current assets 522,755 522,755
Creditors less than 1 year (47,060)
(47,060)
───────── ─────────
Net assets 496,361 496,361
═════════ ═════════
Unrestricted Total Funds
Funds 2020
£ £
Tangible fixed assets – –
Current assets 301,733 301,733
Creditors less than 1 year (13,917)
(13,917)
───────── ─────────
Net assets 287,816 287,816
═════════ ═════════
Analysis of changes in net debt
At At
1 May 2020 Cash flows 30 Apr 2021
£ £ £
Cash at bank and in hand 189,885 217,754 407,639
═════════ ═════════ ═════════

20. Analysis of net assets between funds

21. Analysis of changes in net debt

Jackson Nicholas Assie Limited Chartered Certified Accountants

BLUEPRINT TRUST Notes to the Financial Statements Year ended 30 April 2021

22. Post balance sheet events

The trustees have considered the likelihood of any negative subsequent events arising from the impact of Covid 19 and have concluded that the incidence of such events is likely to be minimal.

The departure of the CEO is planned for 2022. There are adequate procedures in place to ensure the transition to a newly appointed CEO, will not negatively impact the charity's ability to continue its operations.

23. Related parties

During the year Sue Garrard (trustee) donated £10,000 (2019: £8,000) to the charity.

23. Going Concern

The Trustees have been carrying out a continuous assessment of the impact of COVID-19 on the operations of the charity, and considered the risks and threats posed.

The Trustees are satisfied that to date, the threat of operations has been minimal, and has whilst working arrangements have had to be adapted, this has not significantly reduced the effectiveness of the organisation.

The Trustees are monitoring events in the country as a whole, and have a protocol in place, to provide a quick response to any changes in the operating environment, but currently do not anticipate any circumstances that significantly curtail the ability of the charity to function.

The trustees have also considered the non COVID-19 related circumstances and projections of the charity, and are satisfied, that the going concern basis, is appropriate for these financial statements.

Jackson Nicholas Assie Limited Chartered Certified Accountants