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2021-04-05-accounts

Financial Year 2020/2021

Administrative details

Shift Nation Registered number: 1165932 Office: 15 Bushey Road, Croydon, CR0 8EW

Trustees:

Miss Precious Omoregie (Secretary) Miss Mia Louise Skelly Mr Robert Andrew Colvin Miss Heather McCormick Mr Rowan Alexander Kelsey Jackson-Smith (Treasurer)

Website: www.shift-uk.com

Bank: CAF Bank Ltd, Kings Hill, West Malling, ME19 4TA.

Structure, governance and management

The charity is a CIO and was registered on 8 March 2016. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the accounts.

Appointment of charity trustees

Apart from the first charity trustees, every trustee is appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Information for new charity trustees

The charity trustees make available to each new charity trustee, on or before his or her first appointment:

Financial Year 2020/2021

Retirement and removal of charity trustees

A charity trustee ceases to hold office if he or she:

Any person retiring as a charity trustee is eligible for reappointment. A charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.

Decision-making

Any decision may be taken either:

a. at a meeting of the charity trustees; or

b. by resolution in writing or electronic form agreed by all of the charity trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to each of which one or more charity trustees has signified their agreement.

Delegation of charity trustees

The charity trustees may delegate any of their powers or functions to a committee or committees, and, if they do, they shall determine the terms and conditions on which the delegation is made. The charity’s trustees may at any time alter those terms and conditions, or revoke the delegation.

This power is in addition to the power of delegation in the General Regulations and any other power of delegation available to the charity trustees, but is subject to the following requirements:

Financial Year 2020/2021

Financial review

Public benefit statement

When planning activities for the year, the trustees ensure they have due regard to the public benefit guidance published by the Charities Commission (including but not limited to):

The majority of events are open to the public and are publicised on our website and by emailed announcements. Those connected to the charity are encouraged to invite friends, as it is a key aim of Shift to attract newcomers into its various activities so that they can participate in and benefit from all that it has to offer.

Objectives and activities

The objects of the charity are to advance the Christian religion for the benefit of the public through the holding of prayer meetings, lectures, religious festivals, producing literature and media on Christianity to enlighten others, especially but not exclusively young adults in the 20/30 age group, about the Christian religion.

Financial Year 2020/2021

Achievement and performance

In light of the Coronavirus pandemic, the charity made the difficult decision to cancel the Shift Weekend 2020 event. All guests were refunded and the charity continued to maintain communication with the network via social media and on the website.

With the ongoing restrictions in place due to the Coronavirus pandemic, Shift New Year’s Eve was also unable to take place.

The team continued to meet and hold regular monthly/quarterly gatherings to pray and strategise. Both the board of trustees and planning team were in regular communication throughout this period.

Future plans

The trustees resolved, in consultation with core members of the shift community, to (in the first half of the FY 2021) hold several online gatherings to test appetite within the community for physical gatherings (COVID-19 restrictions permitting) in Q4 2021 and to thereafter develop a plan for further physical and online gatherings in furtherance of the charity’s objectives.

Financial Year 2020/2021

Shift Nation Financial Statement for the Year ended 5 April 2021 Charity Commission number: 1165932

Notes on Accounting Approach:

Notes in respect of Activities in the Year:

Financial Year 2020/2021

1 – Summary of Activity for the Year ended 5 April 2021

Y/E 5 Apr 21 Y/E 5 Apr 20
Receipts
Income from event activities(1) £0 £24,972
Income from donations £8,640 £11,232
Income from merchandise sales(1) £0 £232
TOTAL RECEIPTS for the period £8,640 £36,437
Payments
Costs incurred in running events(1) £0 £30,817
Other Costs(2) £339 £21,161
TOTAL COSTS for the period £339 £51,978
Net Cashflow for the period £8,301 **(£15,541) **

(1) Due to COVID-19 the Shift Weekend and Shift NYE events were not held in FY21. Activities were online and unticketed and therefore no income or costs were incurred

(2) FY20 included £15,124 of staff costs relating to a full time staff member whose services finished in October 2019. Additionally there were £3,500 worth of consultancy costs with media firm Roundtable to help with branding and online presence.

Financial Year 2020/2021

2 – Statement of Assets and Liabilities as at 5 April 2021

Y/E 5 Apr 21 Y/E 5 Apr 20
Fixed Assets(3)
£1,750
£1,750
Current Assets (stock)
(4)
£1,385
£1,385
Cash Funds
£33,636
£25,335
Liabilities -
-
TOTAL FUNDS
£36,771
£28,470

(3) Storage container acquired to store equipment used for summer event. The expected life of the asset is 15 years and the expected residual value at this date is considered to be materially the same as today. Therefore, depreciation has not been included on grounds of immateriality.

(4) Inventory held at cost for future sale