Charfty hlumb•r. 1167893 Company Numb•r. 09848958 The Drfver Youth Trust {A Company Umit•d by Guarnntso) TN8teM R•port and FlnarKlal Statsments For tho Year End•d 31st August 2021 Th• Dfv•rYouth Tnwl A Compony Umltad by Guorant•• Contsnt• and •4thnlnl•tr•tt¥• D•tsl TriMts••' R•port Ind•p•nd•nt Ex•nIn•￿# R•port 81•t•n•rt of Flnanelal Acuvlll 10 11 Th• DrlY4rYouth Th￿t A Lkn11￿ by Guuant••) R•f•vw and Adm1n1•tratt￿ 0o1*lts ottho Chrtty Forth• Y•ar End•d J1 Augu8t 2021 Chllrfty R•91•t•r￿ nwnb•r. 1167893 Comp•ry R•gl•t•rnd nwnb•r sp MJDrfv E M Pathsh (res￿ngd 24th N￿Mb•r202O) T G pa￿all N C Mc￿n#Y (appointed 11t May 2021) C R088 R•glthr•d Offlc• 44 Webber Stro Lo SE18QW Chartered kcwitants 75 May8rmo Road West Hampstead London NW6 2EG Coutt8 & Co 440 StrBryJ Jam08 Hamtyo 45 PaN Ma St JamB5 London SW1Y 5JG SoJlcltor• Grtlltth Farrfrw Webb 47 Old &eir B￿hknn East 8N11NW Th• Drfvw Youth Trwt A Cuwany Llrnlt•d ty lknrnnt••) Tru•tM• Rop(¥I For th• Yofjr End•d 31 Augu•t 2021 Tr Trnsteu. who are a180 dir￿1￿￿ of th¢ thority for the pUrym￿ of the Cotiynie8 Act 2006. PttSCDt their rwt togetk with the 8udited fiJHD¢ial statements of th¢ charity for the year ended 31 Augu￿ 2021. with th¢ Financial Rwting Standard applicable tn th¢ UK atsl Ryblic of Ireland (FRS 102) (effKtive I J8nuAry 2015) 88 alnended by Updatr Bulletin i (effective l JAnuw 2015) and * Bull¢tin 2 (effertiye I J4DV8ry 2019). Tho Youth TnAI Is e compony Imllgd by guararl86 lethipary numbw. 09848958) ond is regbtsml 08 (*th (ck*rKy numb•r 1167893). The c¢Thp8ny w&9 IrKffjxJrthd on 291h Oc*obor 2015 aNI (thl ctrArhablo ¥tstsJs on 28th ￿ne 2016. The c4Jmpany ts govemuf by ts Mgmor8ndum 8rrfl Artkl05 ofA984JCiO dat8d 29th Oclober 2015. Tho orfgln81 charlty eoK4Utstsd UF4Jor 8 tN8t dafjd datthl 17 Juty 2007. Tho tr￿t Lg cortroled by tho tr￿88. New tnJst8és ar• •ppolnted by trusto8s. On8 thlrd (or thg numb•r noarost ong thlrd) of the trust￿ ratlre e8th yèw. thceo l¢mgoBt In ollke r*lrfng first a￿1 th• C*￿￿0 b8tsw•n anyof wk• b•ry by drawlng lots. Atrustsg rnUreB may b8 wledql. On ogreelng to b8cw8 a Im8t#e irf th8 charty. thè trust•88 aro thwwhly brletsd by thg Chl81 ExepAtva thg hL*ory of thB tw8t. th& dawfytsy marwmert reS￿n51b￿ll9$ ofth8 tnMt885. cuThw* Ob￿ti¥9$ 9rn1 In to nlugate axp(kHwv trj th088 rknks. a th• r•0￿¥ trust895' (held ot198st thr80 tlm88 ￿ar1. th6 tru*095 ar6as of octr¥ty for the Trus( In(*￿1￿j COrnKlorthn of grant m8kkng, r88th$ and tsk manallemèrt #nd prf(Yman¢e. Th• day to * rAlmlnlstr8b)n ofth• TnJ8t18 ￿l•d (Mrt by Chl•f Ex•uJilrf• Off￿, wppobtsd ty a of l*y manwThnt pgrEonng1 are conthjclgd by annuol TOvl8w cgrr* memb*¥ ofth• ObJ•ctlv•• Th• DFrrfor Youu) Tnjst {DYf) * a natkThl ch8rlty gulded by 8 vl8h)n wllch [8 to Imwvwa Achhv•m•Tth acrf¥lll•s forth• ￿rth•r•n￿ of th• Tnrf• •lm• chrf•t0pl￿r Rojkn, Chl•f Ex•¢xrtlv• Dfv8r Youtrt TnJsf8 vWon baB8d on OLr ex￿rIenc• ol Mjrklrg wlth and kTh)wbdge t￿ Ilwe 18 0 gFWP of knamers In our s¢hods who are o)nsl*nty unthrpwbm)IrKJ In Ikar8cy becw&o of untslylng dmlkwltlgs that arn nrt respons￿¥ to stsndord •ducau¢X￿ I￿01m1n9fy. th880 ¢hffdr•n In Th•r• Is con￿￿$U$ th•t t••¢h•rn, •q￿P￿d T*lth the rfght knowl•dg• •Thd th1114 •r• our llr•at•st au•t In ov•reomlni Ilt•rnoy dlfflculde•. Sub•t•Th￿ •vld•nu polnt• to th• qiwllty of t•a¢hlng 4• crfllcBI dJt•milMnt oloutethM• far'•t rl¥Y l•*mw•. Th• Drlv•r Ywth Trurt A Comparry Llmlt•d by ily•r￿1*) For tl4J Y••r End•d 31 2021 In 2￿ ￿ sat k> INY088e the Nmbors of teachers, ￿Or￿S and young wartod to r8#th arKI boneft from our w￿rk. Das￿ advwBg of Cttrfk&19 on Dyf's I)p•ralior￿ wa ro•ch•d tho culmulatfve total of874 prac*lDnern. as fr)Iknv8.' 110 tsochlng ass1gt8rts In addknn we have Cont1rn￿ b) Mffjrk in pgthorshlp wlth tsathlng tralnlng org•nlBatkm 8rKI school tnJ8ts on a vwloty of prDj￿ts, InLludlNJ tho Earty Fram•b￿rk. Through our pather5h￿ wSth To3ch Fk8t pthional dw•knpm•nt oppNiunltlo8 hgvo baen 8xpandgd to roach 8noth#r 2.71XJ and tholr Our I￿)rk dlreth In scPKxJIN wo8 related restrk*1￿9 in >)1W). Howovgr Dyfs tsam has nllnuwj to off8r supwt8nd tralnlng dlredty wh8rover p￿ltI￿. The pro￿￿ wfth 8ohunt EdU￿￿onal Tn￿fOr Ample. ha6 St￿￿n tha impacl. As th•lr¢asg sw Mt88; Th Smpoct on ongogement, motbmoon and conlkl8nrA Is 8lre8ty ￿￿OnL Wo look fDmrd to furth•r wth Drpier Youth Trust as we o)ntbnu8 to Imp48rn8nt ex￿pIlOnaI l* t68thlThJ for our wrnderful ywng w)plo, wlx>so ujrbsty and enttwslasm 8r¢ dear In •very or* ofour t￿￿lU8 gchocl&' lfvrttwr hrf0rr￿n 1$ avolablg at PtySjhl.￿￿3RDG). has ¢xntlnuod to Inve8t In the dav*mant ofit8 n6w professlonal dev8k)pm8nt off•r. In the provIryAyo8r thls ho$ IrAKJlv8d tho pr(MxJr•m•nl arwj knplgmentthn of 8 l•amor ￿Anag8m￿rt systgm whkh wll en8bl• thg trust to o gr￿ nurnber of teachwB and 8choo$8. W• b8tiovg a blendedloamlng offerwlll enhanco tho xp•rnnce t￿Von￿ne• to our q>ur80 P8rtldpants vthlst aL80 en8urtry th8t dlstsn(* l&amlng can hglp mltbta risks 8880c4tod hllh disrupkn. The work on th18 rw sy*m WIN be arKI rgatty to o%nm•nr* p￿￿88$￿)nal devokymgnt from S•pt*nb•r 2021. We arn Pr￿K1 that morè p8opl8 ar0 8UPPOrtad In schoob as 8 w188qu￿ of thè hlgwoffty 1&8mlr¥J 8nd (*v*mert byour taam olexprt ￿n¥JIantt0Ach8rnYthj vmkfrryn a 8ouTrJ 8vld6nc In ad(Uth)n to th• formal CPD t)hr. DIT al￿ launth•Y tt8 own Onlkno Communty h r68p)ns• to the conddoratAg neod from practhr*r8 to ￿nn•A* enga￿ wlth th8lr p••rs. Th8 Communfy Is e spaco for edW•tknr￿ prof08s￿n* to corn toggther lo ta¢kJ• thg bsuos fackng t*rJ. BclMx>15, 8nd1oamgrs, wlh 0 fo(yJ8 on SEND aTrl Ilteraey dllh%ld•8. To dats 11X) •d￿t0￿ havg parurap0￿ In ComnYJnty events. Whllst we k)cra88&J our &)nskleratty thls year, hav• aEso onsur•J that wg t*VO aXP8ntsJ txr r￿ur￿$ the ofa orllm hub and Ilbrary. Th15 devoknpmont kn our onllm I*0￿CO d&lal r•ath tr>.. 448.385 Irrtlfvlth* thnwh ￿￿#1 n*dlo 24.500 unhB* vllttorn to ￿rWebs￿O 13,850 dtr*nk>#dB of(￿r and re￿rt8. oYr8 control tO8m and tjur ts8m of consullRnts and pwtrws V￿rk￿l lo th18 and tn 80 dolTha 8h¥od our trffjss•Jgs and our acros5 tho cc4Jnty. Campalgnlng Thg T￿￿t uJnUwed to press tr* and thoBO makors aty088 the 86Lkn to re¢oonl8• th$ knport8nce ol •JdI￿lD9 tha n8ed8 of l••rneYs' wlth d5fflaJltkns. In Odober 2020 pub118h #s latO8t roB9a￿h r8p(rt H￿9 arKI S88k The reptyt fr)MDwed ￿ tsn yeer annfver8ary d thè Ro$8 Re￿rt (20091 arml sought lo oxamln• ts impact ofa koy r6￿mmond￿n to provFdo avary 8ch¢Jol wlh acc￿ to 8 Th• DrI￿rY0th Tnwt A Comp*ny Llmlt•d ty Guw*rt••) R•port Forth Y••r End•d 31 Auowt 2021 dy?￿# #pacig1i8tlo8¢tr*r. The roport urKler(yyrfer&J 8 slwlficani 8hortf8U In the numbgrs Ofsp￿￿19ts wrpby*l In maknstream cth. whfch suggests that thg wtkh knlowed Rose has bagn Ir*ff•cth• at Impr￿Ar￿4 pupus othcm8 or •nh8nrary tho of in ￿￿InstreaM schod8. Tldg has Includ•J o numbor stokfjh(*lfjr orgag￿OnI8. and ThTltw re8p)rnw tt> governmert on lit•rary, apedal •dui¥tloMI ngoLts and 5dK￿l ac(x)untoblI￿, partlujarly in IvJht of oryolng ￿8w$ 8nd Mn8ultatk)ns In th890 araa8. In add61k*n. Ihg TnJ8t'8 team hava 8pok8n 8t a number of ethatknMI confer0rKxs a￿1 vbnts. Fffoduc•d •rtkl•8 a￿1 ppbjtc￿ ￿8(%$ In th8 68c4or pro88 ar#J t￿lnU￿j to expand ts dgttal spoi￿OrIng prohds and lnltlatl￿1, pro¥ldlng •¢lM)l¥•hlp• In T*l¢h tts nthv Strategyt￿TAMI Iw rK* rr•d• onyfurthw grnnighry¥ in tl* yew. Lwklno Forw•rd 2021r22 vAll ￿ mory ￿ ow ￿an6 realknd 88 tr• n*M1•8mlrq hub Ls laurKh&d rn8ry moiB (xxir••$ •r• publi8h8d. Havi￿ dwelopad th• offer we then tsjm cyjr att•ntknn b8d¢ to tho of 8rn1 th8 Impact TA* have on the 1•8ch•rs aThl ￿h(K)IS w• C&￿SvJ￿r partn•rn. As w• emorgo frorn Ihe covkl pandèmitt we 8Lg) arrtklpats pubU¢ FdlGy rok)rn8 to Te(x)mm•nca. Th8 long awatt•d SEND r•vlow and Iltey Vthjte ￿Per arg ospgdaly ImpKvlant to us and 80 CA)nlnug to call for gréat•r In¥e8tr*nt for sdKX)Js. tslthlng tr•lnlng and r•8aUrt•8 and th• aro)untablKy mgasurm noeded to seoJro111oracy lor evory chld. Tho efforts m8dellYoughoutth18 ￿1¥￿1 provid?th•￿nd•lkn*IQr￿c¢fj$5 Inftthire yearn oswg o)rrtln lo dmlop our 2020r23 and r881188 the 8mbltk)n to ochwe groet•r ffln*nd&l 8uslalnabllrty. (￿r mlmlon Drtbnryouih mls*n 1st¢ h•* Y￿n0 p￿p10 tpjho 8tnwOe to rg8d ar￿ wrl W• do Ihls by.. Worklng In v41h teac￿r8 and prof888k)nak to 4ulp them wth t kntrhlgdge and 8kMs thoy to Idgnyty arKI Supp￿tleSme￿ wllh1I8raryy dlffhxllkn. cam￿1gnlng on behal of Y￿￿j paopk. tO8thrs and 8thcth BO that ltrw h8v8 rn8rwrceg and pport Ilw n88d to 8ucc£Kr. Our vwon We w4nt to h rwnl88d for t)ur knpart In •duc8liun as thg 1oHdlry oownlsatk)n th8t an8bl•s t•adwrs to t*ttor m•d th• n￿8 of yourwJ peoF* wtth IWaGy dlllk)JlUBs. To aL*leve thLg, Dyf must bw)m S￿l81natIO in onl&r kn so(￿? our k)ng8vlty w•J rgputakn Infiuence to thè l•ading organiBalbn for Itorxy d11b￿#. Stra*lc obJ•ctlv We have ¥otour8ehp8 Il¥e maln Ob￿￿1•￿. lffyrovg the pradka of oducatOT we reach Shapo nallonal polty S￿J￿ 8wlalnablrfy thplgadkng dwlty for ￿8[8￿ d11￿1￿89. Wo VAI txr str8tegy undwr rovknv as ￿ OXP•Lt ￿￿117￿11 cNar 0$ thg ￿nta￿t rf our *Drk Th• Drf¥•rYoth Tn•t A C¢mpary Llm*•d ty G￿￿ntO• For th• Y•ar End•d 31 Au9¢Mt 2021 changeB. Th• Jtrategk obje(*1￿ wll b• d6v•kp8d Into annual *)p•rntk)nal ￿an$ and b￿81 that Publk b•n•llt trustees confimi th•1 th8y r8forrod lo tho gulJan￿ ¢ontsk￿l In th Charty CLYnmknslongrs general kwId8n￿ on pubffc benofft revbwhy the thrws olm$ 8rKI Object￿ and in 80lthg the gra￿ n￿kIng Tho cl4Ws 8rn Inlond•J to b•n8fft tha Publ￿ gonmaly *kJ P8OFts In povwty w• r#)t fnjm Inv•stm•nt Polky In th• provkMJ8 tha truslo•8 hav8 dd8gatwl oulhorlfy to Jam88 Hamlxo to maMg8 IthrySt￿ lorlho Ch8rMy In VJ*h the hwostment lald by the tath. Th8 p8rbmwnc8 01 put￿110 Is rrK>nltor8d m a bgsl8. Irthlkno quartorfy T8pcYts to ts Inth. The tru*g8s con1r0￿ thelr Inv8s1m￿ pow ofholdlrvJ fund5 In a mtx off￿d Intorost secjjdtygnd p4uths. Incomlry r8¥ouw for t￿ yoar orTKunt•d to £37,39412020.' £118,767) and ￿mthd arf8kKJ from th• EXpw)dt￿rO wa8 cawered by a In th• e4F¥W Of1￿ vthlth F4rty off80t by e8thl g8ln8 In tha a8 In rrAa 11 on 19. charI8bF••xp￿dlJjrfj y•wtcrta￿I £562,852 {2020., £881,887). G￿n thè avall8bNty of exp8nd8bl8 endowmèrt fund, tho Tru8to08 &) ￿t ￿ns&jer that tho charfty to molntsln any *nif¢8rt fr08 r•88rv8s alhOU￿ they r•>>JThso that r8g¢pn8 ar￿ tlme to tlmo. AS at 31 A￿uSt 2021 free rnsar￿ were £198.682 (2020: £400,028). Th• Drfv•r Youth Tn¥t A C)untIng 8slmat88 that arn rgA81Thblè wd wiAIort prepare the thand81 ststmnts on tho conc8m t* Unl￿ I b Inappmprfat4 to prnwmo thaith• company corfrw kn bu61nesB. Th& trusl••& ar8 respons1￿9 fty keèplrvJ accourrtlng thgt ar8 to ¥hrM gnd oxplaln thè eompgnYs tran8a(*lons ar￿ dbck*• wlih rBawnatlo al￿r9¢Y at any Wmg th8 flnanclal pc**lon ol the mpBny and 8natAè thom trj er*ur8 that thè fin•ndd ¥tstom•nts th8 Cornpthos Art 2tXX. They arg respo￿lb￿ for Bafwjuardlw the 898ets of tha L¥)mp8ny and heru trtsklng ms(Thblo stops for th pravth aThl d8t8dh)n offiaud aTrJ othw 1Th8g￿8rl1l0 Thb rerM)rt ha$ bo•n prnparad in a(radgrKx with th• prthtsloTr6 of Pwt 15 of tho ComponS88 Pd 2006 rd&llng to small cA)nyath. pra￿d tytho tsu8to08 on .... 8nd 8lynod on thek bgl•W by S8r8h Lknr Trust Ind•p•rnl•nt Examln•V• Rryort to tho Tn*t•o of Th Dfv•rYouth Tru•t I rryort to tho cl* t￿￿18￿ on my gxomlnatlon Of1￿ ac110 of Ireland (FRS 102M. I hwa M co1￿8 and com• am8 no (thar mthr8 In connth wlh the examlnalfon to whlth attwtbn •lwld ￿ drnwn in thls rgport tn orderto •nablè a prop8rurtder*anthw ofth6 acc￿nI8 to bo ro8c*ed. Athny Epton W FCA CT& FCIE Gtsl(hvlw Umlt•d ChRrt•r•d Aecourt•nts 75 Maygrm Rood Date.. 24 February 2022 2EG The Driver Youth Trust Statement of financial activities lincorporating an income and expendrture account) For the eargnded 31 Au u$t 2021 Unr•stri¢t¢d Endowm¢nt funds funds 2021 2021 Totsl funds 2021 Total funds 2020 Note Income from.. Denalions Investment income Other trading activities 6.656 29,430 1,308 6.656 29,430 1,308 19,560 46,761 52,446 Total income 37.394 37,394 118, T67 Exp•ndltur• on: Raising funds Charitable activities 28,778 534,074 28,778 534,074 31,589 630,078 Total oxpondltur• 562,852 562,852 661,667 N*t l•xp•ndltur•l for thè y•ar 152S,4581 162S,4S8) (542,900) Net gains on investments 11 324.112 324,112 59,830 Transfers befvoen funds N•t movement In funds 1201,3461 1201,3461 1483,070) R•conclllatlon of lund$: Total funds brought forward 400,028 2,735,187 3,135,21 S 3,678,285 Total fund$ ¢8rrlod forlvard 16 198,682 2,735,187 2,933,869 3, 135,215 l of the above resulis are derived from continuing activibes. There were no other recognised gains or losses other than those stated above. The atta¢hed notes form part of these financlal statements. Th• Dvlwryouth Trn•t A• *131 W2021 Intsnglbf• aB8•ts 41,757 10 11 Z819.(67 a782 Z934019 Z934301 12 11938 114.366 127.304 4165 Cath at i¥nk In 214971 LF•bJllllu: Cr8d*M: am(¥Yts fal￿ th• on• ￿r 1¥ 057 Tot•1 n•1 •J••ts 3 135215 15 173&187 Z134f87 Unr•8trt¢tsd fvnd&' Gan0￿ fv 19&682 1￿.682 4(￿.028 Totsl fimd• Art2(th to smwH c(ryanl•& yrtr4•*byth•tru8te08tY)...... . . . .. .. Forth• ￿￿d•￿ 31 AUOu￿1)21 N¢1• X121 Mot byl{u••d In) •p•h¥lkng•OllvlU•• 16 152465n (708.OCQ) 44T81 {41.76n (4.993) 1.377,4&3 1212,( PW¢1￿ cllmi•knrts C••h wovhhd byl In) Inw•tkng xtMtI•• 427,217 786,545 h•ry In ¢Mh ￿•h •wlb•l•nl• In th• > 74545 Cth e49h at Iho beglmtrw dtha J 212.efA IX261 C••h •qulv•lvnts alth• •ndoflh•J••r 17 11 10 DrlwrYvJth TN•t Not••to th•fln*thl ¥t•t•rnnts Forth• w•nd•d 31 u•t2021 Sn acoxdanr* tha Ffn*KIAI Storthrd th• UK and Rwublk d Ir•laTrJ IFRS 102. 1 J￿￿Y201s). {Charfle6 SORP FRS 1021 and th• C(xnpankn8 Act201A. Br? Irthlly r8c¢Jgnlsod at N8lartol cixt ry tron•ockn urdg6s oth•rth4È• tht•d bl OolnA ¢£•wn b11￿kn 0$ • gthg ￿￿em. Th 1ru￿•86 do not tyxffjldw thot tl*rn w• 8we•8 of unt*rl#irty at th• r•p¢ylr¥J d•i8 that h•n a 8KJnlfic*nt tsl tau81ry 8 m&wlo1 o4￿b￿tIO1￿ ¢wYfvg amounb of labllN* thln Ih? rwt ) Invom• l• hos lo Its pgrfomw d) Don￿¢}￿ of gJft4 wvlce• •ndf•clllil•* • teèn mot. r*¢•lM (d•commk b8n•frtfron) th• byts lkn 18 bxobthbl• and that b8 m￿sUmd r•lWty. In •¢¢ord¥r￿* *lth Iho Charfl5•8 SORP {FRS 1021. 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Indth dVAT. h) All￿th ol•upp•rt e• SurVYt￿ oro th088 fimelKTh th81 oslbl tho of th• tharlty trArt ¢kn ncl dr¢clly ￿thrtake pft)vld•J #t Tatss to *Tlte thè ts)Èt d •#th ¥¥80t to M￿dual v•luo 33% 8trdtht IM off4r4d. PryyThnts ar• nèt ol*ry tr*10 k) C•th •¢ and In h•nd 8knrt rna￿rfty cl thrng ¢*1&89 from th8 dots of &¢xwt8llk￿ ￿ or*nkng ¢A th• dydt or mlor l) Cr•dKorn *nd prots10r¥ and r•c*)uno•d tho cknority hB¥ a oblwbon ro#thg from pknt gvwlllvl re8utt In the trandoroffimdB b) a tP*d party w)d ts amc•Jnt *•IU• th• b• m•p8LY•d or•8bm•knJ r•ll**. Cr•JbJrn and 4r• n¢Thdly rKa>3nl*J ¥t1h•lrs￿U￿￿rt￿￿￿14l*Slhy*knO for Anytrade dkn￿nts duo. 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