# **EmployabilityUK** # **TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS** **for the Year Ended 31 December 2020** ## **Table of Contents** _**MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS ............................. 3 TRUSTEES’ ANNUAL REPORT ................................................................................... 4 Structure, Governance and Management .................................................................. 4**_ **Governing Document .......................................................................................................... 4 Recruitment and Training of Trustees .............................................................................. 4 Organisational Management .............................................................................................. 4 Public Benefit ....................................................................................................................... 4 Risk Management ................................................................................................................ 5 Reserves ............................................................................................................................... 6** _**Objectives, Aims and Activities .................................................................................. 6**_ **Charitable Objectives .......................................................................................................... 6 Principle Activities ............................................................................................................... 6** _**Review of Achievements and Performance for the Year......................................... 7**_ **Operational Performance .................................................................................................... 7 Financial Review .................................................................................................................. 7 Plans for the Future ............................................................................................................. 7** _**Independent Examiner's Report to the Trustees of EmployabilityUK .................. 8**_ ## **MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS** |**Registered Charity Name**|EmployabilityUK| |---|---| |**Registered Charity Number**|1159718| |**Registered Office**|The Enterprise Hub| ||5 Whitefriars Street| ||Coventry| ||West Midlands| ||CV1 2DS| |**Trustees**|Keith Fraser| ||Anthony Barnett| ||Lynn England| ||Neil Makin| ||Dianne Burdett| ||John Bradford| ||Paul Broadhead| |**Chair**|Keith Fraser| |**Treasurer**|John Bradford| |**Bankers**|CAF Bank| |**Independent Examiner**|Et Voila Accountancy Services Limited| ||Isis House| ||Smith Road| ||Wednesbury| ||West Midlands| ||WS10 0PB| ## **TRUSTEES’ ANNUAL REPORT** ## **Structure, Governance and Management** ## **Governing Document** EmployabilityUK is registered as a charity with the Charity Commission on 23 December 2014 under charity registration number 1159718. The charity is governed by its constitution which was adopted 1st April 2015. The objects are to advance in life young people by providing career guidance and related services to enable them to participate in society as independent, mature and responsible individuals. ## **Recruitment and Training of Trustees** Trustees are interviewed by an existing Trustee and the Chair. They are then formally appointed at the next Trustees meeting. Trustees are given a briefing about the background of the charity and are invited to have a 1-1 meeting with the CEO. They all sign the Trustees Declaration, as required by the Charities Commission. ## **Organisational Management** We work with businesses and the education sector to develop mutually beneficial relationships with the aim of raising confidence, aspirations and the work-readiness skills of young people. The organisation is run by a small staff team consisting of 8 members, including and led by Diane Vernon. Trustees meet three times a year and receive regular reports from the Chief Executive which cover progress, staffing and planning. ## **Public Benefit** In planning and delivering our services and activities the Trustees of EmployabilityUK confirm that they have complied with the duty in Section 4 of the Charities Act 2011, to have due regard to public benefit guidance by the Charity Commission in delivering the activities undertaken by the Charity. EmployabilityUK is required, under its Constitution, advance in life young people by providing career guidance and related services to enable them to participate in society as independent, mature and responsible individuals. EmployabilityUK’s activities as described in this report are considered to meet the public benefit requirement as specified in the Charities Act 2011. ## **Risk Management** The major risks to which the charity is exposed, as identified by the Trustees, have been reviewed and systems are being established to mitigate these risks. Whilst there is no formal risk register the Chief Executive Officer provides regular updates to the Trustees, which allows the Trustees to identify and mitigate key risks. As the charity is growing, the area of risk management needs to become more embedded and robust. Therefore, the chair of the governance and finance committee will lead on the formation of a risk policy and risk register for the charity. COVID – 19 is a significant and unforeseen risk for the charity. The Chief Executive Officer with support of her senior team has reviewed the situation and acted promptly. This has been followed up by support from the board and senior advisers/supporters. The key risks identified are: 1. Funding streams/opportunities funding have virtually stopped without warning. 2. A significant part of the service we provide is face-to-face and this has had to stop. 3. Government support at this stage does not appear to include charities like EmployabilityUK. 4. The length of time that the charity can continue to pay staff and be sustainable. 5. Maintaining relationships whilst we are not delivering our activities. 6. The loss of skill if we must stop paying staff. 7. Not losing the essence and the quality of the service provided by employability UK in a rush to go online. 8. Having to treat staff differently in order to safeguard charity and the loss of support that we may have staff. 9. The health and wellbeing of all staff and volunteers. These risks and others are being monitored and mitigated regularly through regular virtual operational meetings and meetings with board members. This enabled us to scenario test and put appropriate mitigations in place to safeguard charity. ## Help Needed - Funding and sustainable contracts remain the biggest barriers to our growth and progress. - We seek a Secretary to the Trustees and another Trustee with expertise in legal matters, especially charity law (although this could be undertaken by a suitably experienced Secretary. - We would like a CSR partner, similar to Coventry Building Society. Reliance on CBS represents a high risk to the charity as they were responsible for around 42% of the 2020 charity income and in previous years. - Young volunteers (under 30) to help address the imbalance of age across the Team, Volunteers and Trustees. ## **Reserves** The unrestricted reserves held at the yearend were £25,000 after deducting fixed assets. The Trustees aim to develop a Reserves Policy in 2021 and are confident that current reserves held are sufficient. ## **Objectives, Aims and Activities** ## **Charitable Objectives** The Charitable Objectives of EmployabilityUK as set out in the constitution are to advance in life young people by providing career guidance and related services to enable them to participate in society as independent, mature and responsible individuals. ## **Principle Activities** EmployabilityUK is a Charitable Incorporated Organisation with registered charity status awarded on 23rd December 2014. Since that time, we have enabled over 3,000 young people to have a first-class employability skills intervention and more than 500 people from all sectors and industries have benefitted from high quality volunteering opportunities. The mission of EmployabilityUK is to facilitate employer engagement to enhance the aspirations, opportunities and career prospects of enthusiastic and committed young people. As an education charity, we believe the best way to bring sustainable employer engagement and first-class professional employability skills to schools, colleges and youth organisations is by working with them to understand their individual needs and the aspirations of their learners and their parents. We offer support and fresh ideas, thus the very best employability skills training with practical experience. We design bespoke employability skills programmes for businesses to provide high quality employee volunteering opportunities, with something for everyone, no matter what their own job may be. Our programmes are fun and rewarding, giving individuals the flexibility to decide how much or how little time they want to give. By forging strong partnerships, we provide immediate and long-term support, helping to improve the employability skills of young people, raise their confidence and help prepare them for the workplace. Our programmes are unique as we have a group of dedicated mentors, coaches and speakers from regional and national businesses who support our participants in developing qualities that employers need to be successful. Every one of our programmes is different, offering businesses and the education sector a wide range of flexible, tailored interventions. Many programmes typically focus on developing the following key areas: professional presentations, interview techniques, CV building, practical activities, interaction with employers and understanding the workplace. ## **Review of Achievements and Performance for the Year** ## **Operational Performance** In 2020 we continued to run a range of programmes, including the Inspiring Young Birmingham (IYB) programme that will prepare around 1500 young people to volunteer for the Commonwealth Games. In 2020, our IYB programme has benefited around 400 young people. Despite being delivered virtually as a result of Covid-19, these programmes have been a huge success for the charity. ## **Financial Review** EmployabilityUK recorded a turnover of £71,101.62 for the 2020 financial year, which is an approximate 15% increase on our 2019 turnover. Around 75% of this income was generated in Q4. In 2020 we received a total of £7,443.62 in grants and the total funding applications received were £14,865. 2020 was an extremely challenging year for the charity, as a result of the pandemic. The charity and team had to make a transition into adapting our face-to-face workshops into a virtual offering, with cost implications from a technical aspect for us to consider and incorporate. As a result of this, the first half of the year had significantly reduced income. We were however able to react and adapt to this change at pace, with a commercial offering developed from the virtual provision and re-alignment of our fundraising strategy, yielding strong returns. Despite the challenges, we were able to record increased revenue from 2019 (a non-covid year), which is testament to the hard working and strong-minded team we have in place. Going in to 2021, we are well placed to continue income generation via newly founded relationships with trusts/funders, whilst also being able to expand on our virtual offering. We are also hopeful that towards Q4 2021, we will also be able to begin face to face workshops, offering a dual pronged proposal for revenue generation. ## **Plans for the Future** Prior to the impact of COVID-19, there were a number of workshops planned, that have been postponed. We hope to resume face to face employability skills programme delivery as soon as we can. In the meantime, we are developing our 360Extranet to enable us to reach our audiences online. We constantly seek additional funding and have a number of grant applications pending. This report was approved by the Board of Trustees on 23[rd] May 2021 and signed on their behalf: ## _**Keith Fraser, Chair**_ ## **Independent Examiner's Report to the Trustees of EmployabilityUK** I report to the trustees on my examination of the accounts of EmployabilityUK (the charity) for the year ended 31st December 2020 ## **Responsibilities and basis of report** As the charity trustees of EmployabilityUK are responsible for the preparation of the accounts in the accordance with the requirements of the Charities Act 2011 (the act) I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the charities commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** 1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. The accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Miss Sally Wainwight,ACMA** 8th February 2021 Et Voila Accountancy Services Limited Isis House Smith Road Wednesbury West Midlands WS10 0PB Receipts and Payments Accounts year ended 31 December 2020 31st December 2020 Unrestricted Total Funds £ Funds £ 31st December 2019 Unrestricted Total Funds £ Funds £ Not•s Receipts: Grants and Donations Other Total 71,102 71,102 63,456 63,456 71,102 71,102 63,456 63,456 Payments: Salaries & Wages Telephone & Office Printing, Postage and Ststionery Insurdncè Travel Accountancy F88S Bank Charges Miscellaneous Totsl 57,508 1,346 1,819 57,508 1,346 1,819 53,914 1,250 5,253 359 9,354 180 60 2,327 72,697 53,914 1,250 5,253 359 9,354 180 60 2,327 72,697 1,909 450 60 480 63,572 1,909 450 60 480 63,572 Net Receiptsl (payments) 7,530 7,530 {9,2411 19,2411 Cash Funds at 31 December 2019 Transfer be￿een funds Cash Funds at 31 December 2020 104,415 104,415 113,656 113,656 111,945 111,945 104,415 104,415 These Financial Statements were approved by the Trustees on 23[rd] May 2021 and signed on their behalf: ## _**Keith Fraser, Chair**_ Notes to the financial statements 1) Receipts and Payment accounts Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context"cash" includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to Pay for debts as they become due. 2) Grants and Donations Unrestricted funds Restricted funds 2020 Unrestricted Restricted Total funds funds funds 2019 Total funds National Express Coventry Building Society Carter Thermal Industries Ltd Liberty Group Walsall College Individual Donations National Lottery Police Commissioner Tipton & Coseley Hopkins Sayer Grantham Yorke Grimmit Trust West Bromwich Building Society Sport BiThingham Active Wellbeing Amazon Donate 25,000 30,000 2,500 3,753 1,500 703 25,000 30.000 2,500 3,753 1,500 703 30.000 30.000 10,008 10,008 1,144 9965 4900 750 2000 2000 500 1.000 4.200 4.585 50 71,102 1,144 9,965 4.900 750 2,000 2,000 500 1,000 4,200 4,585 50 71,102 63,456 63,456 The Trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2019: £nil). No Trustees, or person related or connected by business to them has received any payments or other benefits from the charity during the year. Whilst there is no separate Trustee Indemnity Insurance purchased, Trustees are covered by the Employer Liabilities section of EmployabilityUK’s overall insurance.