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2023-08-31-accounts

The Colour Works Foundation Charity Number: 1176039

Trustees’ Annual Report & Financial Statements for the Period

1st September 2022 to 31st August 2023

January 2024

1

Contents

Reference & Administration Details ................................................................................................. 3
Names of the Charity Trustees who Manage the Charity: ................................................................. 3
Names & Addresses of Advisors ...................................................................................................... 3
Names of Senior Staff with Delegated Responsibilities ..................................................................... 3
Structure, Governance & Management ........................................................................................... 3
Description of the Charity’s Trusts: .................................................................................................. 3
Type of Governing Document: ......................................................................................................... 4
How the Charity is Constituted: ....................................................................................................... 4
Trustee Selection Methods: ............................................................................................................. 4
How New Trustees are Inducted and Trained: .................................................................................. 4
Additional Governance Issues ......................................................................................................... 4
Objects ........................................................................................................................................... 4
Vision and Mission .......................................................................................................................... 4
Key Strategies 2022-2023 ................................................................................................................ 5
Progress against key strategies ........................................................................................................ 5
Public Benefit ................................................................................................................................. 9
Statutory Declaration on Public Benefit ........................................................................................... 9
Financial Review ............................................................................................................................. 9
Details of Any Funds Materially in Deficit ...................................................................................... 11
State of the Charity’s Finances ...................................................................................................... 11
Particulars of Any Outstanding Guarantee Given by the Charity
11
Details of Any Outstanding Debt
11
Declaration ................................................................................................................................... 11
APPENDIX I ................................................................................................................................... 12
APPENDIX II .................................................................................................................................. 15

2

Reference & Administration Details

Charity Details:

Name: The Colour Works Foundation (TCWF) Number: 1176039 Address: Peartree Business Centre, Cobham Road, Ferndown Industrial Estate, Wimborne, BH21 7PT

Names of the Charity Trustees who Manage the Charity:

Name Office Appointed Trustee Resigned
Shenel McLawrence Chair (from 27/07/23) 21/04/2021
Karen Powell Vice Chair (from 27/07/23) Re-elected 24/01/2024
Alun Davies Treasurer Re-elected 16/03/2023
Pana McGee Trustee 21/04/2021
Dave Keep Secretary 05/04/2023

Note:

During FY2223 an additional Trustee was appointed on 05/04/23 but due to a change in personal circumstances was unable to take up the position before attending any Trustee or management Board meetings and before the Charity Commission Trustee database could be updated.

Names & Addresses of Advisors

Type of Advisor Name Address
Bank Lloyds Bank 25 Gresham Street, London,
EC24 7HN
Independent Examiner Anthony Ellis

Names of Senior Staff with Delegated Responsibilities

Liz Davies - CEO

Structure, Governance & Management

Description of the Charity’s Trusts:

3

Type of Governing Document:

Constitution adopted 1[st] December 2017

How the Charity is Constituted:

Charitable Incorporated Organisation

Trustee Selection Methods:

How New Trustees are Inducted and Trained:

Additional Governance Issues

Objects

To act as a resource for young people by providing advice and assistance and organising educational programmes and other activities as a means of:

(a) advancing in life and helping young people by developing their skills, capacities, and capabilities to enable them to participate in society as independent, mature, and responsible individuals;

(b) advancing education; and

(c) relieving unemployment

Vision and Mission

No changes were made to our vision and mission and they continue to read as follows:

4

Mission

We use our own colour profiling system with young people to raise their self-awareness and relationship building skills. We identify and celebrate their strengths. We give them tools to develop their own emotional resilience and confidence in communication ongoing

Vision

We exist to equip disadvantaged and socially excluded young people with the skills and self-belief that give them access to improved opportunities and life choices enabling them to find their place in the world.

Key Strategies 2022-2023

Progress against key strategies

• Organisational structure

Interviews and recruitment for maternity leave for our Office Manager took place in October and November and Sabrina Forsey started at the beginning of December enabling a short handover with our existing Office Manager. Sabrina has added a different set of skills to the Office Manager role and as a result of the continued growth of the Charity, the CEO proposed the addition of a Business Systems Manager. The Trustees voted in August to expand the back-office support with the role of Office Manager and a new role of Business Systems Support Manager on the return of Jordy from her maternity leave. The Trustees voted to implement these 2 new roles in August 2023.

Other notable achievements:

5

• Course Delivery

The Charity increased the number of courses delivered in this financial year from 21 to 24. With our focus now on delivering more long-term courses, we increased the number of beneficiaries that we worked with over 12hrs from 68 to 90. This was despite our longstanding partnership with Dorset and Wiltshire Fire and Rescue Service Prince’s Trust coming to an end as a result of the DWFRS cutting all of its youth work activities.

Our short-term delivery workshops reduced from 209 to 99, in large due to the cancellation of the NCS programme delivered by AFCB community (where in previous years we have delivered several individual 3hr workshops to 30+ attendees). In line with our strategy – all these short-term courses were covered by income from the associated partner.

Other notable achievements

Summary of workshops delivered in 2022/2023

Long Term courses (> 12hrs delivery)

Short Term courses (< 12hrs delivery)

6

• Course development and impact measurement

collection and completion of our profile. The new booklets were trialled over 4 courses at the end of the year and have had positive feedback so far.

We’re looking forward to gathering more data against these improved measures in 23/24

• Feedback from participants

7

• Feedback from Partners

How effective did you find the course for the participants?

What differences did you notice in the participants?

• Fundraising strategy

Over the year 2022/2023 we were successful with several grant applications. Notable funders are:

• Vision and Strategy setting

The CEO/Founder of New Place and regular supporter of our Charity offered to lead us in a facilitated strategy setting day in July 2023. This resulted in the development of the key components of our strategy as represented in the image below. Each element of the ‘flywheel’ is assessed to see whether it is ‘slowing us down’ and becomes of the strategic focus. As result of this process, we highlighted the limiting factor of qualified Course Deliverers to meet the demand for our courses and put actions against this area to progress in 23/24. This was presented to the full Trustee Board at our Vision and Strategy Day in August 2023 and further developed. Each strategic component of the flywheel was assessed and associated scorecard developed in order that we can measure our progress against each area in FY23/24.

8

----- Start of picture text -----
Funding
Organisational Course
Design Delivery
Impact /
Partners Course
Development
Marketing
----- End of picture text -----

Our ambassador continues to work to raise the profile of the Charity in the local community.

Public Benefit

The public benefit of these courses is that they are aimed at attendees who perhaps, due to social or economic reasons, had dropped out of either education earlier than the minimum legislated age, were long-term unemployed or were disadvantaged through their mental or physical health, role (e.g., young carers) or had grown up in care. The course developed by TCWF means that these participants have been given tools which enable them to better understand their own and other people’s behaviour. This benefits the participants by increasing their self-confidence and self-belief, their understanding of others and enhances their social skills which can combine to further assist them in remaining in education or securing employment. TCWF believes that equipping young people with these types of skills will improve their self-confidence and enhance their social stability.

Statutory Declaration on Public Benefit

The trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

Financial Review

Financial Results

FY2223 was TCWF's first full fiscal year without any pandemic restrictions and so sessions and working practices returned fully to our face-to-face workshops.

Overall the income level was approximately 15% lower than FY2122, due to a budgeted National Lottery grant that we did not apply for and also a reduction in the anticipated CSR contributions.

9

TCWF outgoings were approximately 15% higher than in the previous FY, which was partially caused by an extraordinary cost of living increase that the Trustees made in May ahead of the usual pay review implementation due to the economic situation in the UK.

Overall, therefore with the drop in income level and increase in outgoings, TCWF broke even in FY2223 despite the slightly delayed payments outstanding at the end of the FY.

Unrestricted Funds Income

Unrestricted funds income decreased by 17% from the previous year. Significant unrestricted grants were given by Alice Ellen Cooper Dean and Hall & Woodhouse Community funds.

Income from Corporate Social Responsibility (CSR) and general donations, accounts for approx. 15% of the annual unrestricted income.

Restricted Funds Income

Restricted funding decreased by 13.5% YoY. The main new award was a Comic Relief funding award of £9,750 with additional income with staged payments from existing grants or smaller funding awards. We also received the first £3,000 of a multistage £18,000 grant from CABWI (an awarding body for the water & utilities industries), the payments coming in 6 month intervals up to the end of 2025.

Direct Programme Costs

Workshops costs (direct programme costs) have remained similar compared to the previous FY.

Overhead Costs

Although direct comparison with previous FY cannot be easily compared as part way through FY2122 (Mar22) the Co-founder became directly employed by TCWF as the CEO and therefore the cost basis costs have changed, there has been an increase in staffing costs due, in part, to the Cost of Living increase implemented midway through FY2223.

Cash Funds

TCWF have a cash balance of approx. £38,000 which is broadly similar to FY2122 and includes the nominated reserves (see below).

Reserves

It is TCWF's policy that unrestricted funds that have not been designated for a specific use should be maintained at a level equivalent to three months' expenditure. This level was set at £4,500 during the FY2122 and not adjusted in FY2223. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the TCWF's current activities whilst consideration is given to ways in which additional funds may be raised.

10

Details of Any Funds Materially in Deficit

Not applicable

State of the Charity’s Finances

Particulars of Any Outstanding Guarantee Given by the Charity

The Trustees declare that the Charity has no guarantees

Details of Any Outstanding Debt

The Trustees declare that the Charity has no outstanding debts.

Declaration

The Trustees declare that they have approved and authorised the above report and that it can be signed on their behalf.

Signed on behalf of The Colour Works Foundation’s Trustees:

Full Name Position Signature Date
Shenel McLawrence Chair of Trustees 30 Jan 2024

11

APPENDIX I

RECEIPTS AND PAYMENT ACCOUNTS (CC16a)

12

Charity Name No (if any) The Colour Works Foundation 1176039 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/09/2022 31/08/2023

Section A Receipts and payments Unrestricted funds to the nearest £ A1 Receipts

A1 Receipts Unrestricted
funds
to the nearest
£
13,830
3,358
4,700
-
-
-
-
-
21,888
-
-
-
21,888
9,831
1,067
79
20
1,521
-
48
55
12,620
139
-
139
12,759
9,128
-
28,124
37,252		 Restricted
funds
to the nearest £
-
-
12,750
-
-
-
-
-
12,750
-
-
-
12,750
12,915
2,784
2,793
196
2,324
96
-
-
77
21,184
-
-
-
21,184
- 8,434
-
9,362
928		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
13,830
3,358
17,450
-
-
-
-
-
34,638
-
-
-
34,638
22,746
3,851
2,871
216
3,844
96
-
48
132
33,805
139
-
139
33,944

694		 Total funds
to the nearest £
13,830
3,358
17,450
-
-
-
-
-
34,638
-
-
-
34,638
22,746
3,851
2,871
216
3,844
96
-
48
132
33,805
139
-
139
33,944

694		 Last year
to the nearest £
TradingIncome 13,830 15,420
Fundraising/ CSR / Other Donations 3,358 7,898
Grants / Awards 4,700 17,733
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 21,888 41,051
A2 Asset and investment sales,
(see table).
Asset Sales -
- -
Sub total - -
Total receipts
A3 Payments
41,051
Salaries and Allied Costs 9,831 7,705
Contractor Fees 1,067
Direct Programme Expenses 79 2,804
Training 20 2,181
Office and Admin 1,521 15,921
Insurance 168
Grant Applications -
Marketing 48
Governance / Trustee Costs 55 90
12,620 28,868
A4 Asset and investment
purchases, (see table)
Asset Purchases 139 615
-
**Sub total ** 139 615
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
29,483
9,128 - 8,434 -
694		 11,568
- - - - -
28,124 9,362 - 37,486 25,919
37,252 928 - 38,180 37,487

CCXX R1 accounts (SS)

12/01/2024

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
Agreement Error
Agreement Error
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Alun Davies		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Alun Davies 12-Jan-24

CCXX R2 accounts (SS)

12/01/2024

2

APPENDIX II

INDEPENDENT EXAMINERS REPORT (IER)

15

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ The Colour Works Foundation members of On accounts for the year 31/8/23 Charity no 1176039 ended (if any) Set out on pages 13 & 14

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2023.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 5/1/24 Signed: Name: Anthony Ellis Relevant professional AAT/ qualification(s) or body Group Financial Controller (if any): Address: 37 Sherwood Avenue Poole BH14 8DH

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

2

IER