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2021-08-31-accounts

Charity registration number 1179174

THE SPEAR BRIGHTON TRUST

RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR to 31 AUGUST 2021

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Brewer (Chair)
O Hayakawa
E Hendricks
S Marsden King
C Orton
N Orton
P Satchwell Smith
J Stinson
L Taylor
Charity number 1179174
Principal address 57 Crescent Drive North
Brighton
BN2 6SL
Independent Examiner TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Bankers National Westminster Bank
250 Bishopsgate
London
EC2M 4AA

CONTENTS

Page
Trustees' report 1 – 4
Statement of trustees’ responsibilities 5
Independent examiner’s report 6
Receipts and payments 7
Statement of assets and liabilities 8

TRUSTEES’ REPORT

PERIOD ENDED 31 AUGUST 2021

The Trustees present their Annual report, together with the financial statements for Spear Brighton Trust for the period to 31 August 2021. The accounts comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2015).

Structure, Governance & Management

Spear Brighton Trust is a charitable incorporated organisation. The organisation’s charitable aims and objectives are set out in its constitution, agreed by the Board of Trustees on 11 July 2018. The charity was registered with the Charity Commission on 12 July 2018 (Charity number 1179174).

Since the inception of the charity the board of trustees has consisted of the following individuals:

S Brewer O Hayakawa (appointed 20 December 2021) E Hendricks (appointed 1 October 2021) S Marsden King C Orton N Orton P Satchwell Smith J Stinson L Taylor

The trustees meet regularly to discuss matters relating to governance, financial administration, strategy, operational management and fundraising. The Board members come from a wide variety of backgrounds and possess skills that are relevant to the work of the organisation.

All staff, volunteers, and trustees undergo a formal recruiting and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role.

Objectives & Activities

The objects of the charity are for the benefit of the public with a Christian ethos, to act as a resource for young people living in and around Brighton and Hove, providing advice, assistance and support, educational programmes and other activities. Activity undertaken during the year and the charity’s impact is outlined further on pages 2 and 3.

1

Public Benefit

In accordance with trustee duties as stated in section 17(5) of the 2011 Charities Act, trustees have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit has been demonstrated by the activities undertaken since the inception of the charity.

Risk Management

The Board of Trustees holds overall responsibility for Risk Management for the organisation and has conducted a review of the major risks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks that the Charity faces.

Financial Review

Spear Brighton Trust report total receipts for the period of £169,571 (2020: £160,438), meeting our fundraising target.

Payments for the year totalled £142,143 (2020: £113,711) having managed our spending to under our budgeted amount.

Further details as to the makeup of income and expenditure can be seen on page 7.

Reserves policy

The trustees have examined the charity’s requirements for reserves in light of the main risks facing the organisation.

The charity’s reserves policy is to hold positive free reserves and a minimum cash balance totalling at least 3 month’s staff costs in order to ensure the charity is able to meet its ongoing operational needs. The charity held free reserves of £74,155 (2020: £46,727) as a cash balance at the period end. The charity was therefore operating within their reserves policy at the period end.

2

Activity in year

Young people's employment prospects have been significantly impacted by COVID-19 with those under 25 years more than twice as likely to have lost their jobs as a result of the pandemic. Research also suggests that 75% of young people who fall out of work are likely to remain disengaged for the long-term. With the birth of Spear Digital in July 2020, we continued to support unemployed young people throughout the pandemic directly from their homes. Despite such a challenging year we have been so encouraged by the remarkable change and transformation in our young trainees with 75% of those who completed Spear 12 months ago now in a job, training or further education. As we look ahead with our communities continuing to open up, we are so excited to welcome young people back into our coaching room, meeting again in person. Whilst there are still challenges to face we are so grateful for all of your support in helping make Spear a reality throughout this challenging period.

Who we have worked with

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73
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Young people graduated from Spear Brighton.

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88%
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Spear trainees faced at least one barrier of disadvantage.

Key outcomes

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53%
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Graduates are currently in employment, education or training (EET) with 75% in EET after 12 months.

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95%
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Graduates notably more ‘work ready’ than when they started Spear Brighton

Our Work-Ready Indicators (WRIs) show exactly how each trainee is progressing at each stage of the programme. This short-term outcome scale is built around five key themes, Attitude, Confident Communication, Professional Behaviour, Self-Leadership and Mindfulness of Others.

3

“Spear trainees significantly out-performed the benchmark for every level of disadvantage, education and age.” Impetus (Private Equity Foundation)

“Before Spear I was in a really dark place, my mental health was bad, I didn’t get good grades at school & I felt like a failure…I lost all motivation and confidence. Spear has changed my mindset in such a positive way & changed the way I look for and apply for jobs.” Spear Graduate, April 2021

Local partnerships:

Partners are key to our success. Key referral partners include: Local Job Centres, MIND Brighton & West Sussex, Brighton CAMHS, Prince’s Trust, Think Future’s West Sussex, Educational Development Trust, YES (Youth Employability Service), RBLI, Barnardos, Brighton & Newhaven Foyer, Sanctuary Housing Association, YMCA Downslink Group, YAC (Youth Advice Centre), YMCA Brighton, Elev8, Routes, The Hangleton & Knoll Project, Clock Tower Sanctuary, Seven Ways Sussex, Skills Training UK Brighton.

10 Businesses supported us through hosting company visits, offering internships, work experience as well as staff time in mock interviews. Thank you in particular to the following companies: Kineo, Graphite Digital, Brewers, Hiscox, Coutts, Medidata, Man Bites Dog, Caremark, Achieve Together and Strive Development.

55 Volunteers offered their time in mock interview or career panel sessions.

Thank you for sharing this vision with us. Whether you have donated time, skills or money, we value everyone of you. In particular, we would like to thank the following donors: The Homity Trust, CP Trust, East Court Trust, The Elaine & Angus Lloyd CT, Sussex Community Foundation, Rosaz Charity, Four Acre Trust, The Blagrave Trust, Fonthill Foundation, The Grace Trust, No Fear Bridge, Ernest Kleinwort CT, The Hiscox Foundation, Brewers & Medidata.

Future Plans

The charity plans on continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.

4

Trustees’ responsibilities in relation to the accounts

The Charities Act 2011 requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that year. In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board on: 28 April 2022

Signed on behalf of the board of trustees

L Taylor (Trustee)

5

REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEEES OF SPEAR BRIGHTON TRUST

I report to the trustees on my examination of the accounts of Spear Brighton Trust for the period ended 31 August 2021.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 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:

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.

Jonathan Aikens FCA, DChA On behalf of TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN

Dated: 29 April 2022

6

Spear Brighton Trust Spear Brighton Trust Spear Brighton Trust Charity number:
1179174		 Charity number:
1179174		 Charity number:
1179174		 CC16a
For the period
from		 01/09/2020 To 31/08/2021
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
154,571
-
-
-
-
154,571
-
-
-
154,571
5,625
121,518
-
-
-
-
127,143
-
-
-
127,143
27,428
-
46,727
74,155		 Restricted
funds
to the nearest £
15,000
-
-
-
-
15,000
-
-
-
15,000
-
15,000
-
-
-
-
-
15,000
-
-
-
15,000
-
-
-
-		 Designated
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2021
to the nearest £
169,571
-
-
-
-
169,571
-
-
-
169,571
5,625
136,518
-
-
-
-
-
142,143
-
-
-
142,143
27,428		 Total funds
2020
to the nearest £
Donations and legacies 154,571 160,063
Other - 375
-
- -
- -
Sub total(Gross income for
AR)		 154,571 160,438
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
160,438
Fundraising 5,625 4,471
Charitable Activities 121,518 109,240
-
- -
- -
- -
- -
**Sub total ** 127,143 113,711
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
113,711
27,428 - - 27,428 46,727
- - - - -
46,727 - - 46,727 -
74,155 - - 74,155 46,727

7

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
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Current account
Other
Details
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
74,055
-
100
-
-
-
-
-
74,155
-
OK
OK
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
Leslie Taylor		 Designated
funds
to nearest £
-
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Leslie Taylor 28 April 2022

8

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