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2021-03-31-accounts

Charity Registration No. 1159875

THE ZINK PROJECT CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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THE ZINK PROJECT CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees BJ Wilson
K Williams
S Richardson
H White
S Hawtin
A McNeil
L Walton
Treasurer K Williams
Charity number 1159875
Registered office United Reform Church
Hardwick Square East
Buxton
SK17 6PT
Independent examiner Laytons Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

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THE ZINK PROJECT CIO

CONTENTS

Page
Treasurer’s Report 4
Independent Examiner’s Report 7
Statement of Financial Activities 8
Notes to the Financial Statements 10

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THE ZINK PROJECT CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Chair’s report

In my last AGM report, I remarked on the impact of Covid in the last month or so of that financial year, and on the rapid and effective response of our staff to the pandemic. I do not think we fully appreciated then just what a difficult year it would prove to be. And, although we are seeing the gradual easing of restrictions, the pandemic clearly is not over yet, and we are likely to see in impact on us and the people we support for a long time to come.

It has been remarkable, I think, how well we have been able to carry on offering support during these difficult times. Although there was a temporary suspension of Zink Advice, and there is an ongoing suspension of the Community Café, it has been as much as possible ‘business as usual’ albeit with social distancing and other Covid measures to ensure the safety of those who work at and use Zink’s services, and with the addition of extra work in the Food Bank in surplus food distribution. My heartfelt thanks go to all those staff members and volunteers who have adapted to the situation and continued to deliver our services.

It has also been remarkable that Zink has been able to look to the future in the midst of these challenging times. We have looked at our long-term strategy and vision and changed our Objects as an organisation to enable us work more widely and create the possibility of ‘franchises’ in other areas offering Zink-type services with our support and guidance. In connection with this, we have revised our branding and website. There is a lot involved in such developmental work, not the least in preparing the funding bids to underpin our future aspirations. I would like to express our gratitude to Paul, Jane, and Hannah for their on-going efforts in this work.

One of the major developments since the last AGM, has been the purchase of our new premises on the Cattle Market. We had been talking about making a move out of the United Reform Church for some time. Increasingly, we found it difficult to work around other users of the church. Also, the spaces available were not ideally suited to the various activities of Zink. The Cattle Market building has presented us with the ability to arrange the space in the best way to deliver what we do, and to create a vibrant community hub. There has been a great deal of work involved in seeking a property, arranging the purchase, managing the tender process, looking for extra funding, and applying for the necessary permissions. My thanks go to all who have been involved but particularly to Jane who has been leading this project.

This is the last time that I will be chairing a meeting of The Zink Project. I have been in this position for a long time, and it is high time I moved on. It has been a privilege to be on the journey that has seen the evolution of Zink, from its roots under Nightstop High Peak, to the establishment of the Buxton and District Foodbank , to the constitution of the much broader based Zink Project CIO. I have met and worked with a lot of wonderful, highly committed people along the way. I shall miss you all.

The Zink Project – Chief Executive Report

2020/21 has been an unusual year for Zink. On one hand, food support services grew and at times we were delivering four times as many parcels as usual, on the other, engaging clients on employability programmes was more difficult so caseload sizes shrank. High Peak Foodbank at Zink became a partner in the national government response to the pandemic and was financed accordingly, this artificially increased our staffing and turnover for the year. In fact, turnover was probably twice what it would have been had the pandemic not happened.

High Peak Foodbank: the foodbank increased in capacity within two weeks of the first lockdown and worked with Buxton Street by Street and Chapel en le Frith Covid 19 Mutual Aid to deliver around 200 food parcels a week, four times more than normal. The referral system was streamlined and two levels of need were identified; the traditional foodbank service and a supplementary food delivery service which our two partners provided. In order to store and sort food and to keep volunteers and staff socially distanced, we rented half the church room as it wasn’t in use.

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THE ZINK PROJECT CIO

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Zink Employability

Engagement dropped across all our programmes as a result of the pandemic but funders were flexible and minimum targets on starts and outcomes were met or exceeded. We appealed for laptops from the general public, these were refurbished and given to employability clients so that they could apply for jobs at home or undertake training. Around 25 people received help this way.

Zink Advice

After furloughing our advice worker for three months, the need for an advice service became clear as there was no alternative in the area for people who cannot use a ‘phone because of anxiety or learning disability for example. We re-opened face to face advice from July 2020 with extended hours to meet demand. We also increased the number of grants and financial support for individuals that we tap into so that we could support more people.

Community Eco-Café

The café remains closed because it is impossible to run it within restrictions. Development: A new website and branding is under development. This will clarify Zink’s purpose and provide us with a more streamlined strategy and approach from which to grow. This year we became one of the first UK organisations to become approved as a DWP Kickstart gateway and have recruited employers across the area to join the scheme.

New Premises

Zink has bought new premises and been raising funds to convert these into offices, training rooms, storage and a café. Funding for this project has come from public donations, proceeds from employment contracts and grants from businesses and trusts. Anticipated opening date is September 2021.

Treasurer’s Report

This report covers the year where Covid-19 was affecting the country, and having a huge impact on the charity. We were recipients of a number of Covid-related grants, both government and non-government. The local community also responded magnificently to our Covid appeal. This enabled us to offer more help to the community, and to purchase sufficient PPE, etc, to keep our face-to-face services going after the first lockdown. We hope this does not need to be repeated in subsequent years, so we would expect income in subsequent years to be considerably smaller.

The trustees have again been touched and inspired by the way local fund-raisers, groups and individuals have rallied to support the charity’s services, as well as by the way national and local charitable trusts have helped. We are also very grateful for the generous donations of food that the charity receives, from individuals, local organisations and companies.

Grants received by the charity

Building Better Opportunities 103,330 Rise 30,142 Bingham Trust 10,000 Foundation Derbyshire 12,400 WRAP 15,000 Derbyshire Community Fund 8,000 Charles Hayward Foundation 5,000 Govt Furlough grant 3,473 HPBC 2,500 HP 1,900

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THE ZINK PROJECT CIO

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Davy Transport 920 Independent food Covid grant 850

Donations from groups and organisations

Argos Community fund 340 Bakewell Methodists 1,827.38 Bakewell PCC 125 Bamford Parochial council 400 Bamford St James 20 Bradwell PCC 125 Bradwell St Barnabas 172.71 Buxton Lions 1,000 Buxton parish team 500 Chinley and Buxworth church 800 Churches together in Whaley Bridge 200 Communication Workers Union 300 Dove Valley Centre 50 Duke of Devonshire Ch trust 1,000 Edale Parish Church 695 Frank and Dorothy Poulden Ch Trust 1,000 Great Hucklow Community 120 Hathersage Methodist Church 50 In memory of Alison Crowther 390 Kays Engineers 200 One Shop 82.37 Residents of Combs Village 60 Rotary Club 700 St Annes school 20 Souter Charitable Trust 1,500 Waitrose 664

There were a large number of donations from individuals, directly and through internet giving. Some are anonymous, and some are without contact details, so the charity does not list individuals, but assures them all of the deep appreciation of the trustees and staff, as their invaluable support helps make our services possible.

Due to the restrictions of the pandemic, we were unable to run any of our usual fund raisers events, and we were also unable to run the community cafe.

The total from all donations and fundraising is £446,258.

We also act as an advocate for ACTS 435. This is a charity which enables donors to give specific help to people in need. Our advocate posts requests, and once the money is raised, the specific item or bill is paid for via the foodbank.

The Trustees’ report was approved by the Board of Trustees’:

B J Wilson …………………………………. Date 31-Oct-2021

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THE ZINK PROJECT CIO

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE ZINK PROJECT CIO

I report on the accounts of the charity for the year ended 31 March 2021, which are set out on pages 8 - 12

Respective Responsibilities of Trustees and Examiner

The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed. The charity’s gross income does exceed £250,000; however, the gross assets remain under £3.26 million. I am qualified to undertake the examination by being a qualified member of ICAEW.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements:

Have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name: Robert Layton

Relevant Professional qualification or body: ICAEW

Address: Laytons Chartered Accountants, 6 Manchester Road, Buxton, Derbyshire, SK17 9SB Date: 04-01-22

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THE ZINK PROJECT CIO

STATEMENT OF FINANCIAL ACTIVITIES

31 MARCH 2021

Notes
Incoming resources
Voluntary income:
Donations and Grants
1
Investment income:
Bank interest
Other incoming resources
Income from services
Total incoming resources
Resources expended
Direct costs
Charitable activities
2
Building costs
3
Other expenses
4
Total resources expended
Net incoming/(outgoing) resources
for year
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
£
£
£
£
97,905
348,353
446,258
206,824
111
111
350
2,478
2,478
16,588
100,494
348,353
448,846
223,763
0
0
0
22
31,344
160,473
191,817
155,127
3,637
0
3,637
0
1,410
930
2,340
1,928
36,391
161,403
197,794
157,077
64,102
186,950
251,052
66,685
172,678
45,634
218,311
151,626
236,780
232,584
469,364
218,311

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THE ZINK PROJECT CIO

STATEMENT OF FINANCIAL ACTIVITIES

31 MARCH 2021

Notes
FIXED ASSETS
Freehold property
5
Fixtures & fittings
CURRENT ASSETS
Cash at bank and in hand
6
Net Current Assets
CREDITORS
Amounts falling
due within one year
Net Current Assets
TOTAL ASSETS LESS
CURRENT LIABILITIES
INCOME FUNDS
Surplus for the Year
Funds bought forward		 31.3.21
£
£
145,000
0
145,000
328,162
328,162
473,162
3,799
469,364
469,364
251,052
218,311
**469,364 **		 31.3.21
£
£
145,000
0
145,000
328,162
328,162
473,162
3,799
469,364
469,364
251,052
218,311
**469,364 **		 31.3.20
£
£
0
0
0
220,462
220,462
220,462
2,150
218,311
218,311
66,685
151,626
218,311		 31.3.20
£
£
0
0
0
220,462
220,462
220,462
2,150
218,311
218,311
66,685
151,626
218,311
145,000
328,162		 0
220,462
328,162
3,799		 220,462
2,150
**469,364 ** 218,311
251,052
218,311		 66,685
151,626
**469,364 ** 218,311

These financial statements were approved by the trustees on 31-October-2021 and signed on their behalf by:

B J Wilson

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THE ZINK PROJECT CIO

NOTES TO THE FINANCIAL STATEMENTS

31 MARCH 2021

1. DONATIONS AND GRANTS

Donations and gifts
Grants
CHARITABLE ACTIVITIES
Insurance
Rent
Travelling
Telephone & Internet
Administration
Repairs and renewals
Consultancy
Pension costs
Recruitment
Training
Wages
Subscriptions
Petty Cash
Sundry Costs
Postage & Stationary
Computer equipment
BBO		 Unrestricted
2021
£
97,905		 Restricted
Total
Total
2021
2021
2020
£
£
£
120,000
217,905
99,080
228,353
228,353
107,744
97,905 348,353
446,258
206,824
Total
Total
2021
2020
£
£
2,104
1,052
8,963
5,696
1,066
358
1,137
1,499
2,242
2,147
450
2,464
11,685
2,160
15,608
13,128
1,440
635
70
-151
143,354
115,086
280
96
492
3,336
676
4,422
36
594
514
0
1,701
1,927
191,817
154,449

2. CHARITABLE ACTIVITIES

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THE ZINK PROJECT CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

31 MARCH 2021

3.
BUILDING COSTS
Heat and light
Survey costs
Solicitor fees		 Total
Total
2021
2020
£
£
1,515
678
950
0
1,172
0
3,637
678

4. OTHER EXPENSES

Unrestricted
2021
£
Accountancy
1,321
Bank Charges
89
1,410
5.
TANGIBLE FIXED ASSETS
Cost
At 1stApril 2020
Additions
At 31stMarch 2021
Depreciation
At 1stApril 2020
Charge for the year
At 31stMarch 2021
Net Book Value
At 31stMarch 2020
At 31stMarch 2021		 Unrestricted
2021
£
1,321
89		 Restricted
Total
Total
2021
2021
2020
£
£
£
930
2,251
1,775
0
89
153
1,410 930
2,340
1,928
Freehold
property
£
Fixtures &
fittings
£
Total
£
145,000
145,000
145,000
0
145,000
0
0
0


0
0
0
145,000
0
145,000

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THE ZINK PROJECT CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

31 MARCH 2021

6.
CASH AT BANK AND IN HAND
Total current accounts
Total deposit accounts
ACTS*
Derbyshire Community Bank
Cash		 Total
Total
2021
2020
£
£
26,201
19,334
300,416
199,464
520
619
955
955
70
90
328,162
220,462

7. EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 14 (2020 - 10)

8. TRUSTEES

None of the trustees (or any persons connected with them) received any remuneration during the year.

12