## **Change
Drivers**
## **Accounts
for
the
year
ended 31
January
2021**
**Registered
charity
number:
1181920**
## **Contents**
**----- Start of picture text -----**
|||
|---|---|
|Trustees
Report|3|
|Trustees
Statement|5|
|Independent
Examiner’s
Report|7|
|Statement
of
Financial
Activities|8|
|Statement
of
Assets
and
Liabilities|9|
|Notes
to
the
Accounts|10|
**----- End of picture text -----**
## **Report
of
the
trustees
for
the
year
ended
31st
January
2021**
Our
mission
is
to
inspire
young
people
from
diverse
backgrounds
to
be
creative
and entrepreneurial
and
to
take
ownership
of
driving
change
in
their
communities.
Our goal
is
to
create
a
dynamic
and
diverse
network
of
young
leaders,
who
are
inspired
and equipped
with
the
tools
they
need
to
achieve
their
potential
impact.
## **Objectives
and
activities
for
the
public
benefit**
The
trustees
confirm
that
they
have
referred
to
the
information
contained
in
the Charity
Commission’s
general
guidance
on
public
benefit
when
reviewing
the
aims
and objectives
for
Change
Drivers
and
in
planning
activities
and
setting
policies
for
the
year ahead.
The
objectives
of
Change
Drivers
are:
1)
To
advance
the
education
of
the
public
particularly
but
not
exclusively
people
under the
age
of
30
in
such
a
way
as
the
charity
trustees
think
fit,
including
but
not
limited
to in
the
subject
of
social
and
creative
enterprise;
2)
To
develop
the
skills,
capacities
and
capabilities
of
young
people
in
such
a
way
that they
are
better
able
to
identify
and
help
meet
their
needs
and
enable
them
to participate
in
society
as
mature
and
responsible
adults.
## **Structure,
governance
and
management**
Change
Drivers
is
a
registered
charity,
number
1181920,
and
is
constituted
as
a Charitable
Incorporated
Organisation
(CIO).
At
the
trustees’
meetings,
the
trustees
agree
the
broad
strategy
and
areas
of
activity
for the
organisation,
including
consideration
of
grant
making,
reserves
and
risk management
policies
and
performance.
The
day
to
day
administration
of
grants
and the
processing
and
handling
of
applications
prior
to
consideration
by
the
Board
is delegated
to
the
Treasurer.
Recruitment
and
appointment
of
any
future
trustees
shall
be
appointed
by
a
resolution of
the
trustees
passed
at
a
special
meeting.
In
selecting
persons
to
be
appointed
as
trustees,
the
trustees
shall
take
into
account
the benefits
of
appointing
a
person
who
through
residence,
occupation,
employment
or otherwise
has
a
special
knowledge
of
the
area
of
benefit
or
who
is
otherwise
able
by virtue
of
his
or
her
personal
or
professional
qualifications
to
make
a
contribution
to
the pursuit
of
the
object
or
the
management
of
the
charity.
Upon
appointment
each
new
trustee
will
receive
an
induction
to
the
charity
including
a copy
of
the
trust
constitution
and
a
copy
of
the
charity's
latest
report
and
statement
of accounts.
## **Risk
Management**
The
trustees
have
a
duty
to
identify
and
review
the
risks
to
which
the
charity
is exposed
and
to
ensure
appropriate
controls
are
in
place
to
provide
reasonable
assurance
against
fraud,
error
and
volunteer’s
health
and
safety
when
supporting
the charity.
## **Reserves
policy**
Change
Drivers
holds
both
unrestricted
and
restricted
reserves.
Unrestricted
reserves provide
protection
against
the
immediate
impact
of
funding
changes
and
to
provide cover
for
unforeseen,
essential
expenditure.
Restricted
funds
are
used
as
per
the
terms and
conditions
agreed
with
donors.
Each
year
our
Trustee
Board
reviews
our
reserves
policy
and
considers
the appropriate
level
of
unrestricted
reserves.
In
doing
so
they
consider
the
level appropriate
for
the
current
size
and
complexity
of
the
organisation,
the
economic environment
within
which
we
are
operating
and
the
risks
we
are
currently
managing. Trustees
also
consider
our
current
risk
profile,
balancing
the
need
to
reflect
that
risk whilst
ensuring
that
we
are
not
holding
funds
unnecessarily
at
the
expense
of committing
funds
to
meet
our
charitable
objectives.
**Reference
and
administrative
information Registered
Charity
Number** 1181920
**Charity
Name** Change
Drivers **Other
names
the
charity
uses**
Drivers
for
Change
(DFC)
## **Principal
Office**
Chestnut
Cottage Union
Street Flimwell East
Sussex TN5
7NR
## **Trustees**
Richard
Collier-‐Keywood,
Chair
of
Trustees Laura
Collier-‐Keywood,
Treasurer David
Adair Judith
Bird Claire
Dove
## **Trustees’
responsibilities
in
relation
to
the
financial statements**
The
charity
trustees
are
responsible
for
preparing
a
trustees’
annual
report
and financial
statements
in
accordance
with
applicable
law
and
United
Kingdom Accounting
Standards
(United
Kingdom
Generally
Accepted
Accounting
Practice).
The
law
applicable
to
charities
in
England
and
Wales
requires
the
charity
trustees
to prepare
financial
statements
for
each
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,
of the
charity
for
that
period.
In
preparing
the
financial
statements,
the
trustees
are required
to:
- select
suitable
accounting
policies
and
then
apply
them
consistently;
- observe
the
methods
and
principles
in
the
applicable
Charities
SORP;
- make
judgements
and
estimates
that
are
reasonable
and
prudent;
- state
whether
applicable
accounting
standards
have
been
followed,
subject
to any
material
departures
disclosed
and
explained
in
the
financial
statements;
- prepare
the
financial
statements
on
the
going
concern
basis
unless
it
is inappropriate
to
presume
that
the
charity
will
continue
in
business.
The
trustees
are
responsible
for
keeping
proper
accounting
records
that
disclose
with reasonable
accuracy
at
any
time
the
financial
position
of
the
charity
and
to
enable
them to
ensure
that
the
financial
statements
comply
with
the
Charities
Act
2011,
the applicable
Charities
(Accounts
and
Reports)
Regulations,
and
the
provisions
of
the constitution.
They
are
also
responsible
for
safeguarding
the
assets
of
the
charity
and taking
reasonable
steps
for
the
prevention
and
detection
of
fraud
and
other irregularities.
The
trustees
are
responsible
for
the
maintenance
and
integrity
of
the
charity
and financial
information
included
on
the
charity’s
website.
Legislation
in
the
United Kingdom
governing
the
preparation
and
dissemination
of
financial
statements
may differ
from
legislation
in
other
jurisdictions.
Approved
by
the
trustees
on
5
April
2021
and
signed
on
their
behalf
by:
R
D
Collier-‐Keywood Chair
of
Trustees
## **Change
Drivers Statement
of
Financial
Activities Year
ended
31
January
2021**
|Notes
**Income**
Donations and legacies
Investments
**Total income**
**Expenditure on:**
Charitable activities:
Charitable expenditure
**Total expenditure**
**Net income/(expenditure)**
Transfer between funds
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried**
**forward**|Unrestricted
Funds
Restricted
Funds
**Total**
**Funds**
Total
Funds
2021
2021
**2021**
2020
£
£
**£**
£
-
10,000
**10,000**
30,677
-
-
**-**
-|
|---|---|
||-
10,000
**10,000**
30,677|
||-
10,753
**10,753**
27,245|
||-
10,753
**10,753**
27,245|
|||
||
(753)
**(753)**
3,432|
||100
3,332
3,432
-|
||100
2,579
**2,679**
3,432|
## **Change
Drivers**
## **Balance
Sheet As
at
31
January
2021**
|**CURRENT ASSETS**
Tax refund
Bank
Total current assets
**LIABILITIES**
Amounts falling due within one year
**NET ASSETS**|**2021**
2020
**£**
£
**-**
-
**2.679**
3,432|
|---|---|
||**2,679**
3,432|
||**-**
-|
||**2,679**
3,432|
Approved
by
the
Trustees
on
5
April
2021
R
D
Collier-‐Keywood
**Notes to the accounts**
## **1. ACCOUNTING
POLICIES**
The
accounts
(financial
statements)
have
been
prepared
in
accordance
with Accounting
and
Reporting
by
Charities:
Statement
of
Recommended
Practice applicable
to
charities
preparing
their
accounts
in
accordance
with
the
Financial Reporting
Standard
for
Smaller
Entities
published
on
16/07/14,
the
Financial Reporting
Standard
for
Smaller
Entities
(FRSSE),
and
the
Charities
Act
2011
and applicable
regulations.
As
the
total
income
for
the
year
is
under
£25,000
the
trustees
deem
that
an independent
examination
is
not
required
in
line
with
guidance
from
the
Charity Commission.
The
financial
statements
have
been
prepared
on
a
receipts
and
payments
basis.
## **2. FUND
ACCOUNTING**
Unrestricted
funds
can
be
used
in
accordance
with
the
charity
objectives
at
the discretion
of
the
trustees.
Restricted
funds
can
only
be
used
for
particular
restricted
purposes
within
the objectives
of
the
charity.
Restrictions
arise
when
specified
by
the
donor
or
when funds
are
raised
for
particular
restricted
purposes.
|
**Fund**
General
Education|**Fund**
**b/f**
**Income**
**Expenditure**
**Transfer**
**s**
**Fund**
**c/f**
**£**
**£**
**£**
**£**
£
100
-
-
100
3,332
10,000
(10,753)
-
2,579|
|---|---|
||3,432
10,000
(10,753)
-
2,679|
## **3. INCOME
RECOGNITION**
All
income
is
recognised
once
the
charity
has
entitlement
to
the
income,
there
is sufficient
certainty
or
receipt
and
so
it
is
probable
that
the
income
will
be
received, and
the
amount
of
income
receivable
can
be
measured
reliably.
## **4. RESOURCES
EXPENDED**
All
expenditure
is
accounted
for
on
a
cash
basis
and
has
been
classified
under
the charitable
expenditure
activity
headings
with
reference
to
activities
performed
in the
year.
Costs
of
generating
funds
are
those
costs
relating
to
fundraising
for
new
donors
or new
projects.
No
costs
of
this
nature
were
incurred
during
the
year.
Governance
costs
are
those
incurred
in
connection
with
the
administration
of
the Charity’s
constitutional
and
statutory
duties.
The
only
Governance
costs
incurred during
the
year
are
those
relating
to
trustee
expenses
–
see
note
7
for
further details.
Irrecoverable
VAT
is
charged
against
the
expenditure
heading
for
which
it
was incurred.
## **5. GRANTS
MADE
TO
ORGANISATIONS**
No
grants
were
made
to
organisations
during
the
year
(2019/20:
0).
## **6. TAXATION**
The
charity
is
exempt
from
tax
on
its
charitable
activities.
## **7. TRUSTEE
EXPENSES
AND
REMUNERATION**
None
of
the
Trustees
have
been
paid
any
remuneration
or
received
any
other benefits
from
employment
with
Change
Drivers
(2019/20:
0).
## **8. RELATED
PARTY
TRANSACTIONS**
There
have
been
no
related
party
transactions
during
the
reporting
period.
## **9. STAFF
COSTS**
During
the
year
the
organisation
has
not
employed
any
staff
(2019/20:
0).
## **10. AUDIT,
INDEPENDENT
EXAMINATION
AND
OTHER
FINANCIAL
SERVICES FEES**
No
fees
have
been
paid
in
this
reporting
period
for
any
audit,
independent examination
or
other
financial
services
(2019/20:
0).