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2021-03-31-accounts

Charity Registration Number 1170068 (England and Wales)

AUTORAISE

Annual Report and Accounts

For The Year Ended

31 March 2021

AUTORAISE

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page
Charity reference and administrative details 1
Chairman’s Report 2
Trustee’s Report 3
Independent Examiner’s Report to the Trustees of Autoraise 6
Statement of Financial Activites (incorporating the income and expenditure
account)		 7
Balance Sheet 8
Notes to the accounts 9

AUTORAISE

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

Senior Management Team
Chairman David Sargeant
Vice Chairman Steve Thompson
Treasurer Marc Holding
Trustee Board
Chair David Sargeant
Trustees Marc Holding
Michael Golding
Steve Thompson
Guy Williams – Appointed July 2020
Christopher Weeks
Dean Lander
Charity Registration Number
1170068
Principal address Autoraise
Gillibrands Road
Skelmersdale
Lancashire
WN8 9TA
Independent examiner N Mason FCA, DChA
MHA Moore and Smalley
Richard House
9 Winckley Square
Preston
PR1 3HP

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AUTORAISE

CHAIRMAN’S REPORT

FOR THE YEAR ENDED 31 MARCH 2021

On behalf of the AutoRaise board of trustees, I am pleased to submit the annual report and the examined financial statements for the 12 month period ending 31st March 2021.

The period of the report begins as the Coronavirus pandemic led to the first national lockdown in the UK. The ramifications, socially and economically, impacted the 12 months following to a great extent, and are still being felt today and will for some time.

The environment that the charity has operated in has been a challenging one, but one that has been surmountable. The charity laid strong foundations the previous year, and it is pleasing to see that these foundations have ensured that the charity continued it’s work in a strong position throughout the period. It was also gratifying that the many supporters of the charity maintained their contributions and supported us through the troubling times, ensuring that the charity could, in turn, support them.

While it was frustrating at times that the charity was unable to carry out it’s work as directly as it has in the past, due to Covid restrictions such as trade events being cancelled, we adapted and found different ways to engage with the repair industry and the many stakeholders involved and remain at the heart of apprenticeship recruitment.

The drive and purpose of the charity remains to ensure that the skills gap within the repair industry is met by providing a flow of apprentices to provide the workforce of the future. We do this by raising awareness across the industry; with repairers, insurers and suppliers, by engaging with training providers to deliver the right skills, through representing the industry as a positive, progressive and dynamic place to work and grow a career, and supporting repairers in managing and developing their apprentices and sourcing the funding they need.

It has been heartening to see the great work that is ongoing in the industry and hear the individual success stories of apprentices that have found their niche and go from strength to strength. I am confident that the charity will continue to also go from strength to strength and am supported in this by what has proven to be a strong and positive board, that have ensured that we have continued to progress and provide a service to the charity throughout the Coronavirus period.

Approved by the Chairman and signed on behalf of the Board on .................................... 01/02/2022

..........................

David Sargeant Chairman

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AUTORAISE

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustees have pleasure in presenting their report together with the accounts for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) (effective October 2019) in preparing the annual report and financial statements of the charity. AutoRaise is a Charitable Incorporated Organisation, registered on 7 November 2016, governed by its Constitution of Charitable Organisation.

Purpose

To advance education and training within the automotive repair industry, raising awareness of it’s importance and helping to relieve unemployment, by such means as the trustees consider to be appropriate including, but not limited to, promoting and providing apprenticeship schemes in the automotive repair industry and providing employment advice, and liaising with, employers to encourage an increase in the number of apprenticeship schemes and places available to young people in the United Kingdom.

In essence, the mission of the Charity is to help ensure that there is a sustainable pipeline of talent for the long term security of the automotive repair industry.

Appointment of Trustees

The trustees as listed on page 1 served during the year.

Trustees must be appointed via a resolution passed at a properly convened meeting of the charity’s trustees. When selecting new appointments for the role of charity trustee, the charity must assess and ensure that the individuals involved have the skills, knowledge and experience needed for the effective administration of the CIO.

Public Benefit

That Charity’s Trustees have all complied with the duties outlined in the Charities Act 2011, to have due regard to Public Benefit guidance by the Charity Commission. All Trustees contribute their time voluntarily and have received no benefits from the Charity.

Charitable Activity

The charitable activities of the Charity in the year were split between the following for key areas of activity:

The primary activity and goal of the Charity is to support employers – automotive repair businesses – in addressing their own skills shortages and mitigate the risks of this to their companies. The industry has an aging technical workforce, nationally, and the importance and demand for ensuring that there are avenues for younger people to join the industry has become business critical for many employers.

Working closely with all Autoraise Affiliated Repairers, the Charity helps identify suitable candidates and supports in assessing and preparing them for employment in the industry as an apprentice.

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AUTORAISE

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The automotive repair sector remains relatively large and also largely unknown to the public. Pre-Covid, the sector had a market value in excess of £4.8bn and traded from over 3,000 locations across the UK. While the sector has faced many challenges; from Brexit and the impact on trading from Coronavirus restrictions, it remains one that provides a valuable service in which there are a growing number of career opportunities.

The key role of the charity is to showcase and promote these career opportunities, which have become increasingly viable with very competitive levels of remuneration. This is achieved by engaging with schools, colleges and other organisations, and supporting repairers in promoting themselves as employers of choice.

The charity also works to support employers in securing and maintaining strong and beneficial business relationships with training providers that have the relevant and necessary knowledge and facilities to deliver the best possible training requirements. Many of these training providers are also able to support on engaging and recruiting the right candidates.

In addition to supporting employers, the charity proactively engages with industry stakeholders across the supply chain. Primarily this involves highlighting the importance of ensuring that there is a sustainable and skilled workforce to repair vehicles and the vital role of apprenticeships in this. This includes working with relevant UK Government organisations and training resources to ensure that there are appropriate and professional training standards in the industry.

Fundraising and Marketing

Despite the challenging circumstances in which the industry has had to operate over the 12 months, with national lockdowns seeing a dramatic decline in work volumes for repairers and decisions having to be made to control costs, the charity maintained it’s support from current Affiliated Repairers and Industry Partners.

Financial Performance

The Charity’s total income for the year was £166,975 with a surplus of £55,901 for the period.

The charity’s income was impacted by being unable to host the main event of the year that has previously been highly successful in attracting additional funds. However, donations increased in the year and there were cost savings made as part of ongoing plans to restructure the cost base of the charity.

This enabled the charity to end the period with a surplus higher than the previous year and a strong financial position to support its endeavours going forward.

As part of the restructuring of the charity and realigning the cost base, the decision was made to make the role of CEO redundant.

Reserves Policy

During the period, the charity operated without any reserve policy due to the large amount of investment required at start up.

The charity currently holds a high level of reserves that would cover an extended period if necessary in the event of the funding environment changing dramatically.

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AUTORAISE

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Going Concern

The charity has remained successful in retaining income streams throughout the Coronavirus period, despite a financial environment that has been exceptionally challenging for repairers. While certain fundraising activities were curtailed, the charity remained able to provide successful support to employers and apprentices and engage positively and within it’s goals with industry stakeholders.

With the charity managing to perform well over this exceptional period, the Trustee’s have a reasonable expectation that the charity will continue to maintain the necessary resources to enable the continuance of its operations for the foreseeable future.

Future Plans

The charity has ambitious plans in place, now that restrictions due to the Coronavirus pandemic have been lifted and normal operations can take place.

There remains, now more than ever, growing interest and support throughout the industry in obtaining and training apprentices to ensure that there is an engaged and skilled workforce for the future.

The charity is well placed, due to it’s reputational status and connections of it’s trustees, to remain at the centre of apprenticeship initiatives and provide leading support to all stakeholders within the supply chain.

The charity can now return to hosting, organising and attending events aimed at promoting and showcasing apprenticeships and engaging actively with repairers, colleges, training providers and other partners.

The charity will also be relaunching the Real Rally event, which in the past has been hugely successful in raising funds and also garnering high levels of industry and press attention for the benefits and challenges of apprenticeships.

This report was approved by the board of trustees and authorised for issue on ……………….. and signed on its 31/01/2022 behalf by:

………………… Marc Holding Trustee

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AUTORAISE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2021

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2021 set out on pages 7 to 17.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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.

……………………….

Nicola Mason FCA, DChA

Independent Examiner MHA Moore and Smalley Chartered Accountants Preston

01/02/2022 Date ……………………….

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AUTORAISE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Income from:
Donations
Other trading activities
2
Other income
3
Total Income
Expenditure on:
Raising funds
4
Charitable activities
5
Other Costs
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total Funds Brought Forward
Total Funds Carried Forward
15		 Unrestricted
funds
2021
£
33,685
123,000
10,290
166,975
5,418
100,046
5,610
111,074
55,901
-
55,901
17,090
72,991		 Unrestricted
funds
2020
£
8,319
272,765
-
281,084
12,462
209,881
6,280
228,623
52,461
-
52,461
(35,371)
17,090

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. There were no restricted funds held during the current or prior period.

All of the above amounts relate to continuing activities..

The notes on pages 9 to 17 form part of these financial statements.

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AUTORAISE

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2021

Note
Fixed Assets
Tangible assets
11
Current Assets
Debtors
12
Cash at bank
Creditors:
Amounts falling due within one year
13
Net current assets
Net Assets
Funds
Restricted income funds
Unrestricted income funds
15
Total Funds		 2021
£
£
636
81,579
97,701
179,280
(106,925)
72,355
72,991
72,991
72,991		 2021
£
£
636
81,579
97,701
179,280
(106,925)
72,355
72,991
72,991
72,991		 2020
£
£
1,139
72,303
21,235
93,538
(77,587)
15,951
17,090
17,090
17,090		 2020
£
£
1,139
72,303
21,235
93,538
(77,587)
15,951
17,090
17,090
17,090
179,280
(106,925)		 93,538
(77,587)
72,991 17,090
72,991 17,090
72,991 17,090

31/01/2022 The financial statements were approved by the Trustees and authorised for issue on ……………….. and signed on behalf of the Board by:

……………………

Marc Holding Trustee

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

AutoRaise is a charity registered in England and Wales. The principal office is situated at Gillibrands Road, Skelmersdale, Lancashire. WN8 9TA.

Accounting convention

The charity constitutes a public benefit entity as defined by FRS102. 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 (FRS 102)(October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The accounts are prepared in sterling which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

During the financial period, there has been an escalation of measures taken within society to combat the COVID-19 pandemic. The Trustees have considered the working capital of the charity and, at the time of approving the financial statements, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity, and which have not been designated for other purposes.

Restricted funds are funds, which are used in accordance with specific restrictions imposed by donors. There were no restricted funds held during the period.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Specifically for grant income, where receipt of a grant is conditional on performance of a specific project, income is accounted for once the Charity earns the right to consideration by its performance. Where no conditions are applied to incoming grants, income is accounted for on receipt.

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting Policies (continued)

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Charitable activities includes all costs relating to activities where the primary aim is part of the objects of the Charity, along with an apportionment of support costs. Governance costs consist of the costs incurred in the management of the Charity and the costs of meeting its external reporting requirements.

Support costs consist of administration expenses incurred in the day to day management of the Charity, together with the cost of premises used for such activities. These costs are allocated across the categories of charitable expenditure, governance costs and costs of generating funds. Support costs are allocated on a labour basis, using the proportion of staff time allocated to certain activities, on the basis that this forms the fairest method of allocation of such costs.

Tangible Fixed Assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT Equipment 33% Straight Line

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The charity has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting Policies (continued)

Critical accounting estimates and judgements

In the application of the Charity's accounting policies, the trustees' are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key assumptions, judgements and estimates

In the opinion of the Trustees’ there have been no significant judgements (apart from those involving estimates) made in the process of applying the above accounting policies.

There have been no key assumptions concerning future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2 Incoming Resources from Other Trading Activities

Partner Income
Affiliated Repairer Income
Real Rally
Spring Ball		 2021
Unrestricted
£
104,883
18,117
-
-
123,000		 2020
Unrestricted
£
143,600
18,026
99,639
11,500
272,765

3 Other income

CJRS income 2021
Unrestricted
£
10,290
10,290		 2020
Unrestricted
£
-
-

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4 Expenditure on Raising Funds

4
Expenditure on Raising Funds
Staff costs
Motor expenses
Travel
Consultancy services
General expenses
Office expenses		 2021
Unrestricted
£
4,168
418
2
-
145
685
5,418		 2020
Unrestricted
£
4,904
343
581
4,825
1,009
800
12,462

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5 Expenditure on Charitable Activities

Engaging
repairers		 Raising public
awareness		 Working with
training
providers		 Developing
training		 Total 2021
£ £ £ £ £
Event costs - - - - -
Marketing 1,053 1,052 1,052 1,052 4,209
Staff costs 25,011 20,842 16,674 16,674 79,201
Motor expenses 2,507 2,089 1,671 1,671 7,938
Travel 14 12 9 9 44
Consultancy services 535 535 3,210 1,070 5,350
General expenses 143 143 143 143 572
Office expenses 683 683 683 683 2,732
29,946 25,356 23,442 21,302 100,046
or year
Engaging
repairers		 Raising public
awareness		 Working with
training
providers		 Developing
training		 Total 2020
£ £ £ £ £
Event costs 55,279 - - - 55,279
Marketing 171 170 170 170 681
Staff costs 29,418 24,515 19,612 19,612 93,157
Motor expenses 2,051 1,709 1,367 1,367 6,494
Travel 3,488 2,906 2,325 2,325 11,044
Consultancy services 3,571 3,571 21,429 7,143 35,714
General expenses 1,009 1,009 1,009 1,009 4,036
Office expenses 800 800 800 800 3,200
Certificates - - 276 - 276
95,787 34,680 46,988 32,426 209,881

Prior year

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6 Other Costs

Legal and professional
Governance costs
Subscriptions
Bank charges and interest
General expenses
Insurance
Depreciation
Bad debt provision
7
Governance costs
Statutory accounts and Independent examination fee
8
Net income for the year
Net income stated after charging:
Independent examiners remuneration:
-
Depreciation of tangible fixed assets
-
Independent examination fee		 2021
£
-
1,575
1,786
58
139
1,549
503
-
5,610
2021
£
1,575
1,575
2021
£
503
1,575
2,078		 2020
£
330
1,500
593
238
1,004
1,574
291
750
6,280
2020
£
1,500
1,500
2020
£
291
1,500
1,791

7 Governance costs

8 Net income for the year

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9 Staff Costs and Emoluments

Wages and salaries
Social security costs		 2021
£
75,354
8,015
83,369		 2020
£
88,474
9,587
98,061

The average number of employees for the year was 1 (2020: 1).

Benefits (excluding employer pension costs) of more than £60,000 were received by one employee during the year whose benefits were between £70,000 and £80,000.

10 Trustees' Remuneration and Expenses

The key management personnel of the Charity comprises the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the Charity including National Insurance and Pension Contributions were £83,669 (2020: £97,495). No remuneration was paid or payable for the period, directly or indirectly, out of the funds of the Charity, to any Trustee or to any persons known to be connected with any of them, in their capacity as Trustee.

Trustees have received no expenses in the period except for reimbursed charity expenditure.

11 Tangible Fixed Assets

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
Disposals
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 IT Equipment
£
1,508
-
-
1,508
369
503
-
872
636
1,139

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

12 Debtors: Amounts falling due within one year

12 Debtors: Amounts falling due within one year
Trade debtors
Prepayments and accrued income
13 Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
Other taxation and social security		 2021
£
79,200
2,379
81,579
2021
£
3,352
78,820
24,753
106,925		 2020
£
60,730
11,573
72,303
2020
£
18,056
48,600
10,931
77,587

13 Creditors: Amounts falling due within one year

14 Restricted Income Funds

No restricted income was received during the current or previous period and no restricted funds were held at the year end.

15 Movement in funds

15 Movement in funds
Unrestricted Funds
Unrestricted Funds		 Balance at 1
April 2020
Incoming
resources
Outgoing
resources
Balance at 31
March 2021
£
£
£
£
17,090
166,975
111,074
72,991
17,090
166,975
111,074
72,991
Balance at 1
April 2019
Incoming
resources
Outgoing
resources
Balance at 31
March 2020
£
£
£
£
(35,371)
281,084
(228,623)
17,090
(35,371)
281,084
(228,623)
17,090

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16 Analysis of net assets between funds

2021 2021 2020 2020
Unrestricted Total Funds Unrestricted Total
Funds Funds Funds
£ £ £ £
Fund balances at 31 March are represented by:
Fixed assets 636 636 1,139 1,139
Current assets 179,280 179,280 93,538 93,538
Creditors: amounts falling due within one (106,925) (106,925) (77,587) (77,587)
year
72,991 72,991 17,090 17,090

17 Related Party Transactions

S Thompson, a trustee of the charity, is director & majority shareholder of Industry Insights Limited. During the prior year Industry Insights Limited received the benefits of partner membership for nil consideration.

D Sargeant, Chairman and trustee of the charity, is a director and shareholder of Gemini Accident Repair Centres Limited. During the year donations of £1,800 were received and the charity received a credit note for £2,849 from Gemini Accident Repair Centres Limited.

18 Control

There was no ultimate controlling party during the current or prior period.

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