Talent RISE
(CIO Number 1183457)
Trustees' annual report & financial statements for the period ended
30th June 2020
Charity accounts preparation & independent examination service
Talent RISE
(CIO Number 1183457)
| Contents | |
|---|---|
| Index | Page |
| Report of the trustees | 1 |
| Independent examiner's report | 5 |
| Receipts & payments accounts | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 |
Trustees' Annual Report
From: 16/05/2019 To: 30/06/2020
Charity's full name Talent RISE Registered Charity number 1183457
Objectives and activities
Summary of the purposes of the charity set out in its governing document
The object of the charity is to act as a resource for young people, particularly but not exclusively those defined as having “barriers to employment” by providing information, advice and assistance and by organising programmes in the areas of employment support, education, mentoring, social skills, life skills and emotional development as a means of:
(a) relieving unemployment;
(b) advancing education;
(c) 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.
“Barriers to employment” means unfavourable circumstances or conditions, including but not limited to physical or mental health challenges, low educational attainment, poverty or social and economic status, that reduces their chances of success or effectiveness in obtaining employment.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts
The charity's activities for the public benefit took place primarily in Greater London and Greater Manchester. These activities included:
// Organising events and workshops to engage and inspire young people about careers in technology (or in technology businesses).
// Organising workshops to upskill young people to prepare them, and help them to access jobs, apprenticeships and work experience placements, wherever possible in technology businesses.
// Providing young people with 1:1 support, including mentoring and coaching, to prepare them, and help them to access and succeed in jobs, apprenticeships and work experience placements, wherever possible in technology businesses.
// Organising events to help employers engage with and understand the barriers faced by young people to support them in making reasonable adjustments to their recruitment and management processes.
// Working with employers to secure job, apprenticeship and work experience opportunities for young people, wherever possible in technology businesses.
The trustees consider that they have complied with their duties to have due regard to the public benefit guidance published by the Charity Commission.
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Additional details of objectives and activities
While young people are able to refer themselves to Talent RISE, the majority are referred to the charity by a network of Community Partner organisations, including other youth charities, schools and colleges. Some of these organisations provide specialist support services, including but not limited to mental health, housing and the provision of appropriate clothing for interviews and work. Talent RISE cross-refers young people in need of these services to help them access or succeed in job, apprenticeship or work experience opportunities. Therefore building and maintaining strong trust-based relationships with these partner organisations is essential to the charity's own work in supporting young people.
Achievements and performance
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
The charity has achieved significant, measurable, results during the year which the trustees would like to highlight. The charity has:
// Engaged and supported a total of 87 young people.
// Organised 3 events and workshops to engage and inspire young people about careers in technology, including a careers insight visit and backstage tour for 5 young people during the FIFA eGames World Cup at the O2 Arena in London.
// Organised 6 workshops to provide careers advice, CV support and interview practice to help young people to access job, apprenticeship and work experience opportunities.
// Piloted a series of 9 tech-careers workshops to help young people build confidence and improve their skills in areas including problem-solving, money management and IT. LinkedIn, Microsoft and CW Jobs all hosted workshops as part of this overall series.
// Provided 55 hours of 1:1 support, including mentoring and coaching, to help young people to access and succeed in jobs, apprenticeships and work experience placements.
// Organised 3 events around social mobility that helped over 70 employers engage with and understand the barriers faced by young people from lower socioeconomic backgrounds.
// Worked with 8 employers to secure job, apprenticeship and work experience opportunities for 11 young people.
These results are all the more significant given that the charity’s only staff resource was furloughed for around 3 months of the year due to Covid-19 related lockdown.
Additional information
Building and maintaining strong trust-based relationships with Community Partner organisations, who both refer and help support young people, is essential to the charity's own work. So, the trustees are pleased to report that 17 such organisations have either referred young people to Talent RISE or collaborated with the charity in supporting them during the year. Many more such organisations helped to circulate opportunities the charity has had available, and while this did not lead to specific referrals the trustees are grateful for their support and willingness to engage with Talent RISE to collectively support young people.
Financial review
Review of the charity’s financial position at the end of the period
During the period a total of £95,716 in payments were made to cover the charity’s programme, operational and governance expenses in the UK. Virtually all of this amount was covered by donations from the charity’s supporting company, Talent International.
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A nominal amount of £2 was paid in fees to the fundraising website JustGiving, which was deducted at source on total donations of £70 made via the platform. This resulted in net receipts of £68 which continue to be held by the charity as reserves. This equates to 0.07% of the charity’s total expenses during the year, and so the charity essentially holds zero reserves at the end of the period. The reasons for this are explained below.
Statement explaining the policy for holding reserves stating why they are held
n/a
Amount of reserves held
£68.00
Reasons for holding zero reserves
Talent RISE is the charitable foundation of Talent International, the world's fastest growing digital-tech recruitment specialist with offices in 16 cities around the world, including 4 in the UK.
Talent International covers 100% of the charity’s programme and operational expenses, and provides extensive in-kind and voluntary support via the use of office-space and access to its expert team of recruitment, marketing, IT and operations staff.
Talent International’s continued support of the charity is considered strategically essential to the company due to the associated reputational benefits and the structure and focus Talent RISE provides in terms of meaningful volunteer opportunities for the company’s staff.
Talent International’s business remains in a very strong position, despite the onset of Covid-19.
As a result the trustees are confident that Talent International is both willing and able to continue supporting the charity through the year ahead and beyond.
However, the trustees are mindful of the need for Talent RISE to work towards diversifying its income streams and buildng reserves to better protect the charity, and will explore related options and opportunities as these arise.
Funds materially in deficit
n/a
Explanation of any uncertainties about the charity continuing as a going concern
n/a
Additional information (optional)
n/a
Structure, governance and management
Description of the charity's trusts
Type of governing document
The charity's Constitution (CIO - Association Model) forms its governing document
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How the charity is constituted
The charity was registered as a Charitable Incorporated Organisation (CIO) on 16th May, 2019
Trustee selection methods including The charity normally recruits Trustees based on personal details of any constitutional recommendation and appoints them as the need arises. provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees
Additional governance issues
While the trustees are extremely grateful to Talent International for its financial and in-kind support they also remain conscious of the need for independence and acting only to further Talent RISE’s charitable purposes.
As a result the majority of the trustees have and will always remain independent from Talent International. For the year covered by this report two of the trustees were independent from Talent International, and the third trustee and charity Chair was employed by the company.
The charity has a written conflicts of interest policy and all trustees were provided with this before their appointment, when they all also completed a conflict of interest declaration.
Before their appointment all trustees were also provided with a copy of the charity’s constitution and access to the following guidance from the Charity Commission:
// The Essential Trustee: (Guidance CC3)
// Automatic disqualification rules for charity trustees and charity senior positions
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// Conflicts of Interests: (Guidance CC29)
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// Safeguarding and protecting people for charities and trustees
The trustees were then asked to complete a copy of the Charity Commission's “Declaration of Eligibility and Responsibility Form” to signify understanding of their responsibilities and acceptance of the role.
To further support the induction of trustees, the charity Director then presented the six main responsibilities of charity trustees and welcomed related questions at the first trustee meeting (held on 21st May, 2019).
Reference and administration details
Charity's full name Talent RISE Other names the charity is known by Talent RISE (UK) Charity’s principal address c/o Talent International Uk Ltd 138 Edmund Street Birmingham
Postcode B3 2ES
Names of the trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person entitled to appoint trustee |
|---|---|---|---|
| Lloyd William Embley n/a n/a Michael Gregory Reed n/a n/a Jonathan Butterfield Chair n/a |
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Name of trustees holding title to property belonging to the charity
| Trustee name | Trustee name | Dates acted if not for wholeyear |
|---|---|---|
| Funds held as custodian trustees on behalf of others | ||
| Description of the assets held in this capacity |
n/a | |
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
n/a |
|
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
n/a |
Names and addresses of advisers
| Type of adviser | Name | Address |
|---|---|---|
| Hiscox Building, Peasholme Green YO1 7PR Bankers Lloyds Bank PO Box 100 Andover Independent Examiner Karen Wood ACMA,CGMA Outsource Accountancy Services & Independent Examinations |
Name of chief executive or names of senior staff members
Andrew Neil Chaggar (Director)
Declaration
The trustees declare that they have approved the Trustees Annual Report and Accounts
Signed on behalf of the charity's trustees
| Signature | |
|---|---|
| Full Name | Michael Gregory Reed |
| Position | Trustee |
| Date | 22/04/2021 |
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Independent Examiner's Report on the Accounts
I report on the accounts of the CIO: Talent RISE for the period ended 30th June 2020 which are set out on pages 7 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the CIO accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the "2011 Act") and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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1) which gives me reasonable cause to believe that in any material respect, the requirements;
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Karen Wood ACMA, CGMA Charity accounts preparation & independent examination service Hiscox Building, Peasholme Green York, YO1 7PR
22/04/2021
Date:
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Talent RISE
(CIO Number 1183457)
| Receipts &payments accounts for | theperiod ending: | theperiod ending: | 30th June 2020 |
|---|---|---|---|
| 2020 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| Receipts | £ | £ | £ |
| Donations from Talent International | 95,714 | - | 95,714 |
| Just Giving | 70 | - | 70 |
| Total receipts | 95,784 | - | 95,784 |
| Payments | |||
| Seconded staff costs | 55,150 | - | 55,150 |
| Travel & subsistence | 3,702 | - | 3,702 |
| Ambassador retainer | 29,963 | - | 29,963 |
| Candidate support | 357 | - | 357 |
| Events & workshops | 5,290 | - | 5,290 |
| Marketing costs | 587 | - | 587 |
| Telephone,internet & office costs | 200 | - | 200 |
| Insurance costs | 209 | - | 209 |
| Bank charges | 10 | - | 10 |
| Governance costs | 39 | - | 39 |
| Trustees' expenses | 209 | - | 209 |
| Total payments | 95,716 | - | 95,716 |
| Net of receipts/(payments) | 68 | - | 68 |
| Transfers between funds | - | - | - |
| Balance transferred into CIO | - | - | - |
| Balance Carried Forward | 68 | - | 68 |
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Talent RISE
(CIO Number 1183457)
| Statement of assets and liabilities at: | 30th June 2020 | 30th June 2020 | |
|---|---|---|---|
| Current bank account Liabilities Independent Examination fee Assets Cash at bank and in hand |
Unrestricted funds £ 68 68 Unrestricted Funds £ 300 300 |
Restricted funds £ - - Restricted Funds £ - - |
2020 Total funds £ 68 68 2020 Total Funds £ 300 300 |
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Talent RISE (CIO Number 1183457)
Notes to the Accounts for the period ending 30th June 2020
The Trustees have taken advantage of section 144 (2) of the Charities Act 2011 and prepared the accounts on a receipts and payments basis.
The CIO was registered with number 1183457 on 16th May 2019. The transfer of assets from the previous unregistered organisation was approved with affect from 1st July 2019, the CIO had no activity until this transfer was made.
Approval of Accounts for the period ending: 30th June 2020 The report and accounts were approved at a meeting of the Trustees held on: Date
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