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2020-12-31-accounts

Charity Registration No. 1181279

PASSION FOR LEARNING

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

PASSION FOR LEARNING

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs A C Lees-Jones Mrs D Clark Mr P R Johnson Mr V O'Brien Mrs J Rich

Charity number 1181279 Independent examiner Sue Harris MA ACA Champion Allwoods Limited 2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE

PASSION FOR LEARNING

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

PASSION FOR LEARNING

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's governing document, 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

Passion for Learning is a unique charity, originally founded in 2011 with the intention of recruiting adults from all walks of life who could bring their experiences, enthusiasm and skills to children struggling to read and learn. Many children simply do not have the benefit of the enriching experiences that make learning fun. Limited opportunities and little knowledge of the wonders of the world in which they live mean that too many young people lack ambition and aspiration.

Understanding individual children’s motivations and the barriers that they have to overcome to learn and achieve is the starting point for the work that we do. Within the community at large there are literally hundreds (if not thousands) of men and women who have the time and the inclination to enrich these children’s lives and open their eyes and doors to a brighter future. They help to introduce children to books that they want to read as well as games and activities that enable them to learn as they play. In 2011 we started with just one school, six volunteers and 18 children. In 2020, we have over 160 volunteers working with over 800 children in 1:1 sessions during the school day and through a network of after-school Enrichment Clubs. All our work is provided free of charge to our beneficiaries.

The children that we work with typically have significant challenges in their home environment so this period has required a significant flexibility and determination to ensure that our aims and objectives continue to be fulfilled to the fullest extent possible regardless of the barriers created by repeated lockdowns and school closures.

Our objectives as set out in our constitution are:

The advancement of education of children aged up to and including 16 years by (but without prejudice to the generality of the foregoing) providing assistance and support to school age children to develop their reading and writing skills; and

Any exclusively charitable purposes according to the law of England and Wales that the charity Trustees may in their absolute discretion determine from time to time.

The charity has developed a rolling five-year business plan to manage the effective delivery of its aims and objectives.

The plan is both structured and responsive providing strateg ies for action whilst ensuring that the relevant policies are in place to enable the charity to achieve its goals. The business plan is reviewed and monitored regularly and has been reviewed and edited to reflect the challenges and opportunities presented in the year 2020 to ensure that it remains fit for purpose and able to respond imaginatively and flexibly to ensure that we achieve our stated goals.

Alongside the plan, the Charity has adopted the following strategic policies:

Safeguarding Diversity and Equality Health and Safety GDPR Data Protection and Privacy

The trustees have paid due regard to guidance issued on public benefit by the Charity Commission in deciding what activities the CIO should undertake.

PASSION FOR LEARNING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

In the period ending December 2020 the organisation has flourished and expanded in what has been a very challenging time with unique barriers to overcome to maintain, sophisticate and expand our services. Our volunteer team has demonstrated a loyalty and flexibility that has enabled us to keep pace with the demands of a number of new and innovative projects in response to the needs of our beneficiaries. In spite of the lockdowns and restrictions, we have trained, resourced, supported and placed over 100 new volunteers engaged in a wide variety of critical roles using a combination of face to face and virtual training sessions. The number of schools benefitting from our Enrichment scheme has also expanded with 16 schools now taking part and 9 others currently enjoying support for their most vulnerable children during lockdown.

In the period to March 2020 our Enrichment Club children benefitted from a number of outings to orchestral concerts, theatres, an art gallery, corporate partners, higher education settings and two cathedrals. It was our intention to hold our second Careers Palace March 2020 but events overtook us and schools closed before this was possible. Our 1:1 support flourished and we expanded our offer to new areas within Cheshire to cover more schools with significant number of vulnerable learners.

In March, when we realised that our children would be working from home, making it impossible for us to provide our 1:1 support or our Enrichment Clubs in the school setting, we immediately regrouped and looked at how we could best serve our children in these new circumstances. We were very aware that our families have very few resources at home with many of them without the absolute basics for learning such as books, paper, pencils and other basic stationery. Our funders were incredibly responsive and we were able to distribute many thousands of books during the first weeks of lockdown using our many school partners as hubs for parents and carers to collect from.

In addition to providing families with books we went on to distribute basic learning packs to enable home learning, targeting the most vulnerable of families as identified by schools and other partner services. This led in turn to direct approaches from parents and carers desperate for resources to support their families. In May 2020, with support from a number of funders, we put a Resource Request Form on our Facebook page allowing families to contact us directly to ask for support for their children’s home learning needs. We were deluged with requests and, over a period of less than four months, we distributed over 2,500 learning support bags directly into children’s homes.

In August 2020 we started an additional project supported by the government’s Holiday Activity Fund and distributed a very wide range of resources to support a summer of diverse activities for around 250 families each week. In addition to sports equipment, books, games, art and craft activities and resources to support mental well-being, we partnered with another charity to supply families with a meal once a week and the ingredients for them to make another meal at home. The project was made possible by the incredible support of a team of volunteer packers and drivers who worked tirelessly to ensure that the families received their boxes either direct to their home or through school hubs.

Throughout August we partnered with Storyhouse Theatre to provide children from 5 schools with art and drama workshops running once a week in each school, aimed at children who it was felt would struggle with the transition back to school. The sessions were staffed by two theatre practitioners and a team of volunteers. The scheme supported over 30 such children and proved a resounding success with some children who were thought to be at particular risk of struggling with the return, enabling them to deal with the new term with unexpected calm and enthusiasm.

During the period from March to September we connected our children to local Care Homes encouraging them to write to elderly residents who also received their own activity bags to accompany the children’s letters and drawings. This project has continued with a number of our schools specifically connected on a regular basis to their local Care Home to allow the children to send drawings, letters and small gifts to elderly people in their own communities.

PASSION FOR LEARNING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Throughout the period from March onwards some of our volunteers became penpals to the children. Using us as a ‘go-between’ we have maintained the confidentiality of personal details on both sides and children have received letters and activities, through the post, on a regular basis. The penpal scheme has been one way in which we have been able to maintain the connection with our corporate partners, connected to the Enrichment Clubs, giving them a way to remain a part of our service and an inspiration to our children.

In September we were able to allow some of our volunteers to return to school to support the children. With extensive safety procedures and new Covid guidelines in place some of our volunteers were able to work with children in individual bubbles providing much needed support to children struggling with so much change and uncertainty. In some cases schools or more vulnerable volunteers were uncomfortable with returning to face to face sessions so some of our volunteers began working virtually with their children. Once again our corporate volunteers have been supportive of this scheme as it is accessible to them wherever they may be based. This scheme has also made it possible for volunteers who are shielding or who have disabilities to support the children without leaving home.

The continuing restrictions made it impossible to restart our Enrichment Clubs in the school settings so instead we started to provide even more children than the Clubs originally served, with Enrichment Bags full of imaginative resources to suit their age group. From October to December we provided children and their families with Enrichment bags on a weekly basis delivering 1925 bags during that period alone, The Enrichment Bags are themed and developed to engage children and their families in learning based activities with a great deal of fun included. Critically, during this time, the mental health and well-being of our children underpinned everything that we did. All the projects described above continued because many of our children were still experiencing an erratic education with bubbles and even whole schools being closed on a regular basis.

Additionally, at half term we delivered 250 autumn bags to entertain as many families as possible including a large pumpkin and other ingredients, delivered to us by our friends at Aldi, to enable families to make a warming pumpkin soup. At Christmas we distributed an extra 600 bags to families with a wide range of very specifically family-based activities to raise spirits during this difficult time for many of our beneficiaries. We were proud to be named charity of the year by Cheshire Oaks and this led to a donation of 70 Christmas trees which we were able to distribute, along with decorations and lights, to our most needy families.

Our key funders notably the Steve Morgan Foundation, Cheshire Community Foundation and the Westminster Foundation have supported us throughout this difficult time. Recognising our very swift response to the challenges of the pandemic and our innovative and flexible approach to ensuring that we continue to meet the needs of our beneficiaries, they have supported our projects swelling our income for the year to £631,000. Other funders have proved equally flexible and supportive recognizing the need for us to be proactive and imaginative in the maintenance of key projects and services. BBC Children in Need, Essar Oil UK, For Housing (ForViva group), Urenco (Capenhurst) Ltd, the Regatta Foundation and Sykes Cottages Ltd. have all maintained their support, with new partnerships, such as the one with McArthur Glen, providing a steady stream of support and new funding.

In July we secured the funding for an Operations Manager to oversee the very ambitious projects that we were developing. In the period from September to December, we were able to secure the funding to create a full time Business Manager from an existing part time post as well as a part time Education consultant to strengthen our Senior Leadership Team. Our new SLT will provide the best possible expertise to enable and develop new and existing projects going forward. Our existing team was restructured to establish a middle management and a new post was created specifically to support the ongoing project to deliver learning resources directly to families.

The Board is extremely grateful to the team of staff and volunteers who have shown an incredible commitment to Passion for Learning and a flexibility and imagination that has enabled the charity to flourish in these very difficult times.. The year ahead is set to provide its own set of challenges but we look forward to maintaining our commitment to remove barriers and expand and sophisticate our service in response to the needs of the communities that we serve.

PASSION FOR LEARNING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

The results to 31st December 2020 show a surplus of £101,058. The charity received restricted funds of £345,643 and unrestricted funds of £285,520 giving an overall total of £631,163. Total expenditure was £530,105 resulting in the surplus of £101,058.

Reserves Policy

Though the charity operates on a not for profit basis, it is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s core expenditure , where this is not covered by restricted grant funding . 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 CIO’s current activities while consideration is given to ways in which additional funds may be raised. While the Trustees acknowledge that the charity has not yet achieved this level, they note that t h e CIO is currently working towards achieving and maintaining this level of reserves.

The balance of free reserves was £63,280 at 3 1st December 20 20 .

The trustees have assessed the major risks to which the CIO is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a Charitable Incorporated Organisation whose only voting members are its charity Trustees (“foundation” model). It was incorporated as a CIO in December 2018.

Organisation

The Board assist in shaping the strategic direction of the Charity. In doing so the Trustees give due consideration to guidance issued by the Charity Commission regarding, but not limited to stewardship, risk, public benefit and environmental impact. The Board meet four times each year and in between scheduled meetings as required. The CEO and staff are responsible for the delivery of the Charity’s objectives and the day to day operational management of the Charity.

The Board of Trustees is drawn from relevant professional backgrounds to best support the Charity. Trustees are elected in accordance with the Constitution for the Charity which was approved in September 2018.

The trustees who served during the year and up to the date of signature of the financial statements were: Mrs A C Lees-Jones

Mrs D Clark Mr P R Johnson Mr V O'Brien Mrs V Couche (Resigned 23 February 2021) Mrs J Rich

Mrs D Clark and Mrs V Couche are both Trustees and salaried employees of the Charity, under provision set out within section 6.2 of the Constitution. The pay of senior staff is reviewed and reflects the level of skills, experience and knowledge for the roles and remuneration levels in the sector.

Other than the provision set out above, none of the Trustees has any beneficial interest in the company. Details of expenses paid to Trustees are disclosed in the notes to the accounts. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

PASSION FOR LEARNING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees' r eport was approved by the Board of Trustees.

Mrs D Clark

Trustee Dated: 22 March 2021

PASSION FOR LEARNING

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PASSION FOR LEARNING

I report to the trustees on my examination of the financial statements of Passion for Learning (the CIO) for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the CIO’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 financial statements to be reached.

Susan Harris MA ACA

Champion Allwoods Limited 2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE

Dated: ......................... 7 April 2021

PASSION FOR LEARNING

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
256,340
345,643
Charitable activities
4
29,180
-
Investments
5
-
-
Total income
285,520
345,643
Expenditure on:
Charitable activities
6
224,928
305,177
Net income for the year/
Net movement in funds
60,592
40,466
Fund balances at 1
January 2020
8,204
7,276
Fund balances at 31
December 2020
68,796
47,742		 TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
601,983
100,721
152,335
29,180
28,703
-
-
10
-
631,163
129,434
152,335
530,105
121,230
145,059
101,058
8,204
7,276
15,480
-
-
116,538
8,204
7,276		 Total
2019
£
253,056
28,703
10
281,769
266,289
15,480
-
15,480

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

PASSION FOR LEARNING

BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
13
Unrestricted funds		 2020
£
6,500
121,580
128,080
(15,758)		 £
4,216
112,322
116,538
47,742
68,796
116,538		 2019
£
1,995
18,585
20,580
(9,905)		 £
4,805
10,675
15,480
7,276
8,204
15,480

The financial statements were approved by the Trustees on 22 March 2021

Mrs D Clark Trustee

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Passion for Learning is a Charitable Incorporated Organisation. The Charity address is Unit D3, Stanlaw Abbey Business Centre, Dover Drive, Ellesmere Port, CH65 9BF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the CIO's governing document, 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 (FRS 102) (effective 1 January 2019)". The CIO is a Public Benefit Entity as defined by FRS 102.

The CIO has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements 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 the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the CIO. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount.

In accordance with the provisions of the Charity SORP, the economic contribution of general volunteers is not included in the accounts.

Legacies are recognised on receipt or otherwise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is included on an accrual basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of all its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs have been allocated between governance costs and other support costs. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountants' fees and costs linked to strategic management of the charity.

1.6 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:

Plant and equipment

20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the CIO reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The CIO has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the CIO’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 associated 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.

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2020
2020
£
£
Donations and gifts
9,632
-
Various grants
80,077
237,916
Covid-19 support grants
166,631
107,727
256,340
345,643		 TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
9,632
39,721
-
317,993
61,000
152,335
274,358
-
-
601,983
100,721
152,335		 Total
2019
£
39,721
213,335
-
253,056

4 Charitable activities

Unrestricted
Unrestricted
funds
funds
2020
2019
£
£
Tutor fees income 29,180
28,703
Investments
Total Unrestricted
funds
2020
2019
£
£
Interest receivable -
10

5 Investments

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6 Charitable activities

Main
activities
Covid-19
response
2020
2020
£
£
Staff costs
100,906
25,000
Enrichment clubs
18,498
31,000
Other projects
5,086
-
Volunteers
5,803
-
Books and resources
16,432
125,000
146,725
181,000
Share of support costs (see note 7)
197,430
4,000
Share of governance costs (see note 7)
950
-
345,105
185,000
Analysis by fund
Unrestricted funds
147,655
77,273
Restricted funds
197,450
107,727
345,105
185,000		 Total
2020
Main
activities
2019
£
£
125,906
77,152
49,498
30,582
5,086
18,694
5,803
4,049
141,432
3,702
327,725
134,179
201,430
131,160
950
950
530,105
266,289
224,928
121,230
305,177
145,059
530,105
266,289

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

7 Support costs

Support
costs
Governance
costs
£
£
Staff costs
128,525
-
Depreciation
1,054
-
Administration
17,687
-
Insurance
2,926
-
Broadband and website
15,384
-
Advertising
4,528
-
Travel
4,254
-
Bank charges
99
-
Legal and professional
5,205
-
Rent
21,768
-
Examination fees
-
950
201,430
950
Analysed between
Charitable activities
201,430
950		 2020
£
128,525
1,054
17,687
2,926
15,384
4,528
4,254
99
5,205
21,768
950
202,380
202,380		 Support
costs
Governance
costs
£
£
94,691
-
1,201
-
7,417
-
2,531
-
5,951
-
883
-
-
-
124
-
-
-
18,362
-
-
950
131,160
950
131,160
950		 2019
£
94,691
1,201
7,417
2,531
5,951
883
-
124
-
18,362
950
132,110
132,110

Governance costs includes payments to the accountants of £ 950 for independent examination fees.

8 Trustees

Two of the trustees (who are also key management personnel) received remuneration in amount of £71,750 (2019: £70,000) during the year and were also reimbursed a total of £1,549 (2019: £ 1,375) in travelling expenses.

9 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2020
Number
16
2020
£
237,928
12,986
3,517
254,431		 2019
Number
11
2019
£
159,334
10,550
1,959
171,843

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

9 Employees

(Continued)

No employees received total employee benefits (excluding employer pension costs) of more than £60,000.

10
Tangible fixed assets
Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation and impairment
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
At 31 December 2019
11
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
12
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Plant and equipment
£
6,006
465
6,471
1,201
1,054
2,255
4,216
4,805
2020
2019
£
£
6,500
899
-
1,096
6,500
1,995
2020
2019
£
£
6,734
3,305
7,516
3,950
158
-
1,350
2,650
15,758
9,905

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Incoming Resources Balance at
Incoming		 Resources Balance at
resources expended
1		 January 2020
resources		 expended 31 December
2020
£ £ £
£		 £ £
University of Chester -
Student Internship 3,000 (2,250)
750
1,500		 (1,500)
750
Steve Morgan Foundation
- Staff Costs 83,000 (83,000)
-
104,263		 (104,263)
-
Chester Municipal -
Careers Palace 1,000 (1,000)
-
-		 - -
Sanctuary Housing -
Careers Palace 1,000 (1,000)
-
-		 - -
Cheshire Community
Foundation - Volunteer
Placements 10,000 (10,000)
-
-		 - -
Stanlaw Abby -
Apprenticeship 7,384 (7,384)
-
22,153		 (22,153)
-
Workers Education -
Volunteer Training 2,701 - 2,701
-		 (1,201)
1,500
Greif - Careers Palace 11,750 (11,750)
-
-		 - -
BBC CIN - Enrichment
clubs 10,000 (10,000)
-
10,000		 (10,000)
-
Westminster Foundation -
Staff and enrichment costs 22,500 (18,675)
3,825
100,000		 (58,333)
45,492
Steve Morgan Foundation
- Covid response - - -
75,000		 (75,000)
-
Edsential - holiday
activities and meals - - -
32,727		 (32,727)
-
152,335 (145,059)
7,276
345,643		 (305,177)
47,742
14 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Fund balances at 31
December 2020 are
represented by:
Tangible assets 4,216 - 4,216 4,805 - 4,805
Current assets/
(liabilities) 64,580 47,742 112,322 3,399 7,276 10,675
68,796 47,742 116,538 8,204 7,276 15,480

PASSION FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

15 Related party transactions

There were no disclosable related party transactions during the year .