Charity reStratiOn number 313454 lock Inancial statements ror tbe 021
Unlock Contents Page Trustees, Report Independcnt Examincr's Report Statemen( of Financial Activities Balance Sheet Principal Accounting Policies Notes lo thc financial sial¢m¢nrs 9-16
Unlock Trusttes. Report for the year ended 31 December 2021 The tmstres preseiii Iheir repori iogether with the financial statements. of the charity and the Éndependent examiner's rcport for th¢ Ye ended 31 December 2021. RF,FERF.NCE & ADMl&lTRATIVB INFORMATION Charity Name Unlock Registered Charily Number 313454 Charity Office Unlock 15 Station Road Roihcrham South Yorkshire S60 IHN Website www.unlock-urban.org.uk StArt of finandal year l January 2021 End of financial year 31 December 2021 Trust Nicholas Carter- Chair Andr¢w Dortoii Barbard Funnell (until 12 February 2022) Rcv Canon Suzanne Sheriff (from 28 May 20221 Chlcf Offlcer Dawn Lonsdale Bankers The Co-operative Bank plc PO Box 250 5kelmersdale WN8 6wr Charitses Depo5lt Fund 80 Cheapside London EC2V 6DZ Independent Examiner Peter Winler L03 Wilkin5on Street Sheffield SIO 2GJ Page I
UoCk Trustees. Report for the year ended 31 December 2021 . contmued STRLCTURE, GOVERNANCE & MANAGEMEiYr Governing Document The Charity Is goi'erned by & declarntion of Trust datrd 25 May 1972, amended by a supplementhi deed dated 19 August 1999 and a deed of variation dated 6 July 2(X)l. Trustee Recruitment and AppolntmeDt The trustees named on page I have served dwing the be8illllmg of tbe yw under review until the dao of approi'at of these accounts. Appoinunent of trus is governed by the Trusi Deed of the Charity. The EM)ard of trustees t5 authorised to appoinL new trusteu th fill vacancies arising through resi8natson or dcath of an existin8 trusiee. Trnstee Induction and Trainlng N¢w truste¢s undcrgo orienthuon 10 brief them on thcir legal obligations under charity law. the decision making process. the aimg and objcctives and recent financial perforn?ance of the charity. Organisatlonal Strueture Th¢ Ch1¢Y a board of ffiJstet5 who meet regularly and are restx)nsiblc for the 5trdlegic dircction and policy of thc Charity. lkne ¢Nste¢s delegdte the ManagennI of the Charily io the National Cnuncil. The NatitsnAI Council assigns the day-lo-day reSnsIbIlI1Y for trainin8 and staff management io the Chief Officer. R15k mana¥emeD¢ Th¢ trustecs have a&Fessed the major risL8 io which th¢ Charity is expos¢¢ in particular those rclated io th¢ operationb and findncc of the Ch¢wiiy and are saiisfied thai sys(en are in place io mitigate exposure to major risk5. Where appropriate. additional sysients or procedu$ have been eSblished to miti84te thc risks faced by the Charity. Exlcrnai ri¥L¥ in¢lude the loss o( funding. th¢ effecis of this havc been minimis¢d by the proccdures in place. which have resulted in funding being secured from a variety of sources. tnternai risks. are minimised by the implem¢nlation of predureS for authorisation of transaciions and proJts and io ensure consistent d¢livery for all operntional a5Fts of the Chariiy. These predureS are revicwed periodically to ensur¢ they Siill meet the needs of the chariiy. OBJEcfIvES AND ACTtVlTIES Aims and Objectives Unlock is a Christian Charily thaÈ has worked since 1973 to help urbon churches of any denomination respond io the challenges ith th¢iT are&8. We are especially concerned with helpin8 people ill "text-5hy" cultures to explore th¢ir faith. As well a$ deploying a team of worker5. Unlrxk publishes a variety of group Bible study packs. games, Lent courses, audit maLerials and provides trainin8.
Unlock Trustees, Report for the year ended 31 Dettmber 2021 . continued Statemenl ofpybiic Benefit The Trustees confim) that they hav¢ referred io the gUll n1n¢d in the chiEY Commission's general guidan¢¢ on public benefit when reviewing the Chan"ty's aims and objectives and in planning future tivitics. The TS¢S are also aware o( the Charity Commission's guidance on public benefit in The Advancemeni of Rcligion for the Public Bencfit" and hav¢ had regard to it in their administration of the Chariiy. The trn$ree8 believe that the Chartty is providing a benefit to th¢ public in the following Ways.. . The education and waining of ministers and lay rKopk concerned with the advancenwit of the Christi1 religion in urban and industrial areas enhancing the capacity of vulnerable people in deprived communiiies w grow in sell-und¢rbtunding and s#lf esteem - Providing regional ining Courses, Tesearrh projects. Study groups and Small confer¢nc¢$ for Chrisiians to equip them to b¢ tnore cffecuve in their chnst witness in their own arw of life dnd work - Making the resulis of research projects available to the public. Thc Tru.stces eortfim that they hav¢ complied with their duties UDder 5ecrion 17 of the Charities Act 2011 with r¢gard to public b¢nefit. ACHIFVEMENTS AND PF.RFORMANCE Durin8 mh of 2021 w¢ we operdiiog WKl¢r sevw¢ constyaints duc COVID 19. Nevenhelcss. we have done all thai we were able w do. The main acllievemenrs dwing the year under tcview are.. - Office staff, on significantly reduced houTS, maintained L%%ential financial management. administraliun and r¢5vurcing of workers &$ well as responding io ertquiries. - Thc 38th Annual Unlock Walk in IA>ndon had to be convencd io a virtual event for th¢ second year. I¢ raised £1 Ik: only almiui 50% of the al sum. - Unlock work (with part-lime paid workers) eontinued &s much as possible in.. Sunderland; Rotherham and Cardiff. This work was severely limitrd by Covid Consaln buÉ some engagemenl was still possible. - UnloLk website and s(Kial media pre5encc maintained with w Bible sludy resources added. Annu Report produced and mailed. An Unlock Gathering look place ai Cliff College in October. Resources to support peopl¢ in ptoces$An8 the ¢hallenge5 of Covid have beefi de8tgned and published. Paze J
UoCk Trustees, Report for the year ended 31 December 2021 continued FINANCIAL REVIEW Reserves polRCy Th¢ Res¢rvcs policy of the Charity wa5 reviewed in February 2022 and takes into account the guidance of the Chariiy Commission and the incomc generation circumstances of Unlock (ie its heavy reliance on a singl¢, annual fundraising event lor iL5' major sourcc of income.) The Unlock National Council and Trust¢c8 bcli¢ve that the free res¢rv¢b of Ihe ch'11Y should be mdintained at a sufficieni level to cover adequately a minimum of three months, operating costs. These costs are based on projecd future leve15 of income and expenditure and will be revi8ed during ¢he budgei setting proc¢ss. A designat¢d fund of £20,879 (2020.. £21,473) has been created which comprises iwo ¢lemen(s'. a. A redundancy reserve of £10.035 (2020.. £8,708} which is to cover redund4n¢y costs for all Unlwk 8taff calculaLed usitig the sthiuiury redLindÈin¢y melh. b. A ¢losure cost5 reserve of £10.844 {2020.. £12,765) which is to Cover cos(5 arisiiig frotn the organisation b¢ing wound up and will ilUde three months, opera¢in8 eOYts {salaries. premi¥es, nmning, and any dditionul ¢10sure Losts). The d¢.%ignated rL'5erve is held Én the Chdrilies Aid boundaiion investmvnl a¢counl which CenilY ha5 market Vdlue of £24,772 (2020.. £25,980) as al 31 Decembei 2021. The de8ignated reserve will be reviewed annually. InvLStment w)Iley The Trust Deed uuthoris¢s the trn5tee5 to make and hnld inveslmenls using the general funds of thc Chariiy. The Charity hnlds units in the CAF Incnme Fund (Note 161, PLAN5 FOR THE FUTURE TherL IS a plan to r¢%tart the local partnership in Hull and c)th¢r new locauons for projects are being ci)nsidered. INDEPENDENT EXAMINER P¢i¢r Wintcr MA FCCA FCIE, wa) rcapp0iild indcpcndent examiner durin8 the year under review. APPROVAL This rcport wa5 approved by the trustec5 and Signed on their behalf by.. Nicholas Carter- Chair of Trustees Date: ,/,/,. Page 4
IDdependeDt Examiner's reporl to the trus¢ees of Unlock I report io the trnstees on my examination of the financial statements of the above chatity ("the Trust") for the year ended 31 December 2021. which arc set out on paw 6 ts) 16. Respectlve responsibilitiès of treeS and examlner As the chariiy's (rustees, you are responsible for the PTeparntion of the accounts in accordance with the requirements of the Charities Act 2011 ("th¢ 2011 Act"). I report in r¢spe¢t of my examination of the Trnst's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Th'reciions given by the Charity Commission under se10n 14515)(b) of the ACL Independent exgrniner's s¢a¢ement I have completrd my examinaiion. I confim) that no material maiters have come to my allention in ¢onnectson with the examination which givts me cause lo believe thai in. any material respect: (l) the accountin8 OrdS were not kept in aCordnCe with section 130 of the Chariti&s Act. or (2) th¢ accounts did noi not aCCOTd with the accouniing records; or (3) the aon(S did not comply with the applicable requirements cimcerning the forni and content of ULLuunls set oul in ihe Charities (Accounts and Reportsl Regulation8 21K)8 other than any requiremcnt thal the accounts give a ITUC and fairf vicw which is not a matter considercd a5 part of an indeFtndent examination. I have no concerns and have come acm$8 no other matter5 in ConT10n with the examination to which atlention should be drawn in this report in order to enable a proper underslAnding of ihe accounts to be reached. Peter Wlnter MA FCCA FCIE Chartered Certified Aw)untant 103 Wilkins(Jn Stre Sheffield SIO 2GJ Page 5
U0¢k Statement ot Financial Actfvltles for the year ended 31 December 2021 Nota Unrestricted Djgted Restricted Fwids 2021 Totsl 2021) Totsl Incoming ReSoUeS Incoming Resources from Generawl Funds Voluntary Income 24.261 3.585 27,846 16,526 Activities for Generntin8 Funds 11.072 11,072 19,613 tnvesthwii Incomc 188 188 892 InLoming Resources from Charitable Activities HMRC Covid 19 support To¢al Incomln8 Resources 542 8.432 8.432 13,132 43.953 3,585 47.538 50.705 Resources Expended Cosis of Generaiin8 bun(ts 2.299 2.299 4.700 Charirabl¢ Acrivitses 34,752 7.572 42.324 Governance Costs io 2,771 2.771 3,958 Totsl Resourees Expended 39.822 7.572 47,394 57,112 Net InMIn(ot¥0In¥j Resourcu lor the year Gross Trangfer8 Between Fund5 4,131 (3,987) 144 16,407) li (5.011) 614 4,397 Gainslllosses) on investments 12 (1.208) (1.2081 632 Net Movement in Funds {880) 15941 410 (1,0641 (5,775> Funds at l January 2021 27,857 21.473 16.752 66.082 71,857 Funds 4t 31 December 2021 26977 20m9 17,102 65,1118 06,082 There were no rerogni5ed gains or losse5 the Current or previous year other than those included in the Statement of Financial Acllvits"es. All incoming resou and resources expended derive from continuin8 activities. The notes OD pages 8 th 10 fonn an int¢gral part of these fmanciai ststrments. Page 6
Unlock Balance Sheet as at 31 Decen)ber 2021 2021 2020 Notes Current assets Debtors tnvestments Cash at bank and in hand 15 16 2.082 24,772 39.637 877 25,979 40.309 66,491 67.165 Credltors: amounts fallSng due within ont year Net eurrent Assets 17 (1,473) 11,083) 65,018 66.082 Totsl assets less current IlabllltlLS 65,1118 66,082 18 Unrcslrici¢d Funds Designated Funds Reqtrieted Funds 26,977 20,879 17.102 27,5157 21,473 10,752 19 65,018 66,082 Approved by the Trute¢S ond signed on their b¢half by.. Nlchol#¥ Carter Chair of Trn5tees Date.. The notes on pages 8 to 10 forni an integral part of these financial slatements. Page 7
Unlock Notes ¢0 the fuwi¢ial statements for the year ended 31 December J)21 Basis of Pparation 1.1. Basis of aecounting These attounts have been prepared on the basis of hisiorical Cost in accotdanc¢ with.. . a) The Charities Act 2011 b) A¢counting and Reporting by Charitiu: Snent of Recommended Praciice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢uvc l Janudry 2015)- (Chari¢ic5 SORP (FRS 102)) c) Applicable awounting swularth A¢¢ountln8 Polides 2.1. The princApal aOUntIng policies are unchanged Irom the previous year and hAYc been applied consisiently ihmughoui ihe year under review. The accounts inelude the results ol au of the Charity's opetation5. which are ntInuing and are described in dcthil in th¢ Tn. Report. 2.2. Fonn of Flnandal Stalements Balances are Split between unrestricted and r¢stric*d fund5 held by the Trus¢. Al Unre8triet¢d '8enernl' funds These are the funds of Unlock thai are not subje£t to any restrictions regardin8 their use and are available for dppli¢ation of genetal purp)5e5 of the Chatity. Donations Tec¢ived by the Charity are treated as unrestrictcd unless specifically earniarked for a particular restricied fund. bl De8i8nated funds These are unrestrictrd funds which are designaled for a particular pUryse or projecl by the trustees. ¢) Restricted funds The8c are funds subject to Specif conditions irnpos¢d by the donor or by the specific leTrnS of a st dced or other legal measure. 2J. Incomlng Resources al Incoming resourc¢s aTC rceognised and included in the Sraiement of Finallcial Aciiviues (SOFA) when the Chatity Fttotncs entstled to the re50urce.' the ttustees are virtually WTtain they will receive the resources. and the monel2ry Value can be me&sured with re&nable accuracy. b) Where incoming sourceS have related exFendiiiire (as with fundraising), the inwming resour and related eXndItUre are re[rted gTOSS in the SOFA. cl Bank interest Is recognjsed when it is crediied to the accounl. d) Donated service% and facilities are included ai the value to the Chaity whete thi5 can be quaniified. The value of services provided by volurtteers has nol been included in th&se aecounls. Page 8
Unlock NoÉ£% to the financlal statements for the year ended 31 December 2021 . continued 2A. Expendlture and Llabilities a) Expcnditure is 4¢counted for on an accrual8 ba81$. bl Liabilities are recogni5ed as soon as there i.s a legal or con$tW¢tivc obligation to pay out resources. c) Governance costs include the costs of prtp4ration and examination of the slatuiory accounts. the ¢05( of Lrust¢¢ mectingy and the cosi of any legal advice to irnstee5 on governance and constitutional matters. 2.5. Pensions The Charity eoniributes 10 eligible staff members, qualifying personal pension herneS 14t d rdle of 3% of their gross salaries (increasing ts) ¢1 rai¢ 015% of gross salaries afrer 5 ywdrs of servicc). Thc assets Df these schemc.% held s¢para(cly from ihosc ol. th¢ Charity in indepcndently adminis*red funds. 'Ih¢ employel% pension costs represent contributions payable by the Charity to ihese funds. 2.6. TaxAtlon The ChariLy 25 not liable to income c)r capital gains tax on its charitable activitie8. Value added tax is not recoverabl¥ by the Charity, ond as such i¥ included irt the as$¢i ¢o¥t or expense to which li relates. 1.7. Investments Fixed assci investments are stated at cost less provision for pernwnt diminution in value. 2. Investments Currcnt asset investm¢nts are stated at marke¢ value at the balanc¢ ¥hwt dat¢ in a¢¢ordanc¢ with the Charities SORP {FRS 102}. 1,9. Forel8n curreneles Monetdry <18sets and lidbilitie% denomindtLd in foreL8n Lurrin¢i¢¥ are ¢ranslaled into sterlin¥ d( the rd(es of cxchang¢ PTevailin¥ ill the aL¢ouniing da. Trdnsaciion5 in foreign CUTrencie5 are iecorded al the date of th¢ tranyactiony. All diffcrcncc% are taken to the Statcmcnt of Financial Activiti¢s. Trustees, remuneratlon and relgted party transaetlons 4) No rcmuneration wa% paid to any tru8tee. b) No travel or other expenses were reimbursed to trustees. Travel and oiher expenses wnouThting to £NiL were reiJnbursed lo Council Members who dre not tru%tees (2020.. £101). cl No tru5tce or other person ¢onnectcd to thc Charity had any personal interest in any contract or transaction entered into by the Charity during ihe year. Page 9
Unlock Notes to the finaneiai statements for the year ended 31 December 2021 . continued Unrestrlcted R£stTiCted Funds Funds 2021 Total 2020 'I'otai Voluniary Income Donattons and Grants Gift Aid claims 20.839 3.422 3,585 24,424 3,422 11,497 5.029 24,261 3,585 27,846 16,526 Actlvltles for Generatlng Tr'unds Annual Unlock Walk 11,072 11,072 19,613 11.072 11,072 Investment Incume Bank int¢re5t Lis*d inv¢stsnenLs inieresi 68 824 188 188 1811 188 892 IncTrmtng reqourcos from eh4ri¢#ble acdvlUc8 Tr<iinin¥ fees 542 542 Unrestricted Funds Restrlcted Fund$ Total 2021 To¢al 2020 Costs of Generating Funds Fundraising cxpcn%es - Walk 2.299 2,299 4,70 2.299 2,299 4.700 Pa¥e 10
Unlock Note5 to the fiDanclAI ststsments for the year ended 31 December 2021 continued Ch8rltsble aetivltie5 Staff COSL% (note 131 Website costs Workers, expenses Rent Insurance Printing. posta8c and stationery Computer costs Computer software Telephone Staff Training & Tr&v¢l Fc%tival8 Depreciation on fixtures Other ¢05t5 25,478 180 197 3,300 1.027 1,014 .190 330 361 6,644 32,122 Iso ,125 3.300 1,027 1,014 1,196 37.362 416 1,194 3,044 919 773 1,615 928 361 349 142 1.671 1,671 121 (21 2,088 34,752 7.572 42,324 48,454 io. vernanLe Costs Annual Report IndependLnl Examin¢r Council expenses 2,096 675 2,096 675 810 101 2,771 2.771 11. Transfers lInStriCted Funds Designaied Funds Restricted funds 614 (614) (4.3971 4,397 (4,3971 4.397 2021 2020 12. Investment Gains l (losscs} on inYc5tmenls (1,2061 11,208} 632 {1 ?081 (1,2081 Page 11
Unlock No¢es to the financial statements ror the year ended 31 December 2021 .. continued 13. Slaff costs 2021 2020 Salaries Employer's National Inwrance Employees Pension Contribution5 31.353 36.641 769 721 32,122 37,302 No employee received remuneraii¢)n of more than £60.(KM) during the year under review (2020.. None). The charity w&$ eligible to claim the EMplonI AIIow3ace ¢nablin8 It to reduce its national insurnnce liability for the year io £Nil {2020.. £Nil). Flxture& rittings and ulpment 14. Tangible rjxed assets Tothl Cost Ai l January 2021 Additions Disposals 3,567 3,567 At 31 December 2021 3.567 3.567 Depreciatlon At l January 2021 On di&rA)sa]s Charg¢ for the year At 31 December 2021 3.567 3,567 3.567 3.567 Net book values Ai 3 1 December 2021 Ai 31 December 2020 Pag¢ 12
Unlock Notés to the financial statements for the year ended 31 December 2021 . ntilled 15. Debto 21)21 2020 Gift aid r¢ccivable Employment Allowance receivable Insuranc¢ prepaid 671 659 752 877 2,082 877 16. Investments 2021 2020 Currenc asset investmen 24,772 25.979 Current asset investment$ comprise 24,802 units in CAF Income Fund having d markei value of £24,772 at 31 December 2021. 1'h¢ bdldnLe at 31 December 2020 compri 24,802 units having d market value of £2.fj,979. The unrealised guin8lllos8eg1 during the yedr are %hown in th¢ S¢atement of FInCIal Activities. 17. C.redltars: #mounts tallirtg due wlthln one year 2021 20211 Trade creditors Other taxes and social security costs Accrucd cxpen5es 774 675 249 810 1,473 1,083 Page 13
UoCk Notes to the fln&ncial statements for the year endLYI 31 December 2021 . continued 18. Movements Between Funds Unrestricted Designated Restrlcted )mds Funds Funds Totsl Funds l January 2021 Incoming Resource5 for the Year 27.857 21.473 16,752 3,585 6fi,082 47,538 71,810 139.11221 21,473 2Q.337 113,620 17.572) 147.394) Resour¢¢s Expended in the year 31,988 15,011) 21,473 614 (1,2081 12.705 4,397 66,226 Transfer5 between funds Gain%lllo%ses) on invcstinellls (1,2081 26.977 20,879 17,162 65.018 PAge 14
Unlock Notes ¢0 the flnanclAI statements for the yeAr ended 31 December 2021 . continued 19. Restricted Funds TransfeTS General At 31 December Ineojne Expenditure Funds 2021 At l January 21)21 Binningharn Queens Birmingham Social Media CdIff Hull Project Rotherham SUnder1)d PrOJl 2,736 5,937 2,741 5,937 (3.5781 2.186 1.902 300 4.515 1,902 2,500 4.082 2,862 693 (2.8681 (1,1261 2.206 16.752 3.585 (7,-5721 4.397 17.162 AL S¢¢ up of u project.. A lacal pariner will normally give an amount of restricted funds (typically £2.300) dnd Unlock will provide an unrc5tricted amoun¢ available lo the projeci lusu&lly £2,500). Thc unrcstricted portion t'rom Unlock is not hcld scparat¢ly. The r¥¥tricted money is nornially used fir%1 in Order io ILdve Unlock with Inote tlexibility il thL project doesn'i continuc. If the re$iCI¢ll fund is used up then ihe project is funded using ihe money irt¢roduc¢d from Unl(xk's unrestricted funds. Birmingham {Queen'sl Locul Portnership un]k Birmingham works in Partncrship with Th¢ Queen's Foundation and St Pet¢r's Salil¢y Ttubl. Unlock is providing training for those WOLking in chwrhes and communiti¢s in th¢ nior¢ deprived areas of Birmingham, At the same tim¢ it is ensuring that Methodist Deacon5 and oiher studenis in training at Queen's have oppnrtunities to learn abnui Unlock's accessible and open appmach to Bible n8a8cmLnt with oral leJrner5 in pi)()r urban communitivs. Hirmingham (Soclal Medi4) IA)cal Partnershlp Developing work in partnership with St Petels Saltley Trust which will explore Ihe use of Soliitl mcdia in Urbdn Mi5SiOLi and Bibte Engagemenl. Funding was received from SL PL*ter's Sdl(ley Trust in September 2017. Cardirf Local Partnershlp This fund i% used for work in Cardiff. Work in this area is undertaken in partnership with local chdrity. c.aru Am Byth. The Cardiff restricted fund was fully expended durin8 2021. Hull (Lommunity Lhurch) Partnership This fund is used for work in Wesi Hull. Work in this Arca 15 undcrtakcn in partnership with Hull Community Church where Unlock is providing training for church leaders. Hull (New) Local Partnership This fund is uscd for work in Wesl Hull. Work in thi5 arca is undertaken iu partnership with thc Bibl¢ ScJGi¢ty. ThxJ work is iti thc n¢gotiation )tasr and itl its prG3cnt forjll is yGt to br dGtcrmincd. Page IS
Unlock Notes to the flnanclal statements for the year ended 31 December 2021 . continued Rotherham Local Parthership Thi8 fund is used for work in the Treeton area. Work in this area undertaken alongside Tre¢ton Bapti81 Church with grdnt funding from the york.shire Baptist Association. Sunderlgnd IM¢al PartneiThip This fund is used for work tn thc Sunderland arca. Work in this e4 1% undertaken with funding and paJ1nership froni Wearside Dcanery. St Hild Si B¢de Trust and Secdbed Christian Community TSt. 20. Prlor Year.. Statement of finanelAI Aetlvltle8 Unmtiiitt Designated Restrlcted funds Cunds fund$ 202 Tot&1 Incoming r¢s()uree$ Resources ¢Ap¢nded Total incomingl(outgoing) r¢source$ for th¢ y Tran%fer4 Nei funds bf 48,405 (51,0921 2,30n .50,705 6,020 (57,1121 (2,687) 284 30,200 13.7201 16,4071 (1251 632 20.597 71,857 473 21.0 Net fund.4 Cf 27.857 21.473 16.752 66,082 Page 16