Future Skills College SCIO Trustees. annual report and financial statements for for the year ended 31 December 2020 Scottish Charity Number SC047968
Future Skills College SCIO Contents Page Charity information Report of th8 Trustees Independent examiner's report Receipts and payments account Statement of balances as at 31 December 2020 Notes lo the financial statements
Futurg Skills Collegg SCIO Charity information Trustees Prlnclpal address clo Dundee and Angus College Gardyne Campus Gardyne Road Dundee DD5 1NY Independent examlner Partner Henderson Loggie LLP The Vision Building 20 Greenmarkel Dundee DD14QB Bankgrs Bank of Scotland Direct Business Bank Teviol House 41 South Gyle Crescent Edinburgh EH12 gDR Charity number SC047968
Futurg Skills Collegg SCIO Report of the Trustees The Trustees of Future Skills College SCIO hereby submit their report and financial ststements for the year ended 31 December 2020. Future Skills College SCIO incorporated as a Scollish Charitable Incorporated Organisalion on 4 December 2017 and is govemed by its constitution. Our Structure. Governance and Management We are an OSCR registered Scollish Charitable Organisalion {SCIOI and govemed by a board of trustees, all of whom are senior members of staff employed by or working on behalf of our main partners. We are supported by staff employed by our three educational partners ID&A College, Angus Council and Dundee City Council) with additional independent support funded by The Northwood Charitable Trust. Our Trustees Chair xecutive Director, Children and Family Service, Dundee City Council Principal, Dundee and Angus College independent educational consultant funded by Northwood Charitable Trust Our Main Partners Dundee and Angus College. Dundee City Council. Angus Council. Northwood Charitable Trust. We are also supported by a number of local business and charities as well as Dundee and Angus Chamber of Commerce, Skills Development Scotland, our Ioc81 Developing the Young Workforce IDYWI team and University of Dundee. Our Background Future Skills College IFSCI was registered as a charity with OSCR in December 2017, having opened earlier in the year as school timetables changed in June. FSC was established in response lo research that highlighted a concern that many young people, despite having successfully secured an initial positive destination on leaving school, were no longer in employment, education or training by the lime they were 19. FSC seeks to explore an alternative pathway for young people to better manage the transition from full-time school education into sustainable positive destinations as self-confidenl apprentices ready for the next phase of their lives. Our Aims Our charitable aims are.. To advance the education and employability of young people in Scotland through the provision and promotion of high-qualily leaching., To design, develop and manage an innovative curriculum of substance, informed by independent research, preparing young people in the round for life and work beyond full-lime education.,
Futurg Skills Collegg SCIO Report of the Trustees Icontinuedl Our Aims Icontinuedl To support those young people who, as a consequence of their personal and social circumstances, have the greatest journey to make in the transition from education to sustained employment., and To work with employers in Scotland lo encourage the recruitment and retention of young people, thus supporting young people as they transition from full-time education lo sustained employment. What We Do FSC is a full-time, one year, pre-apprenticeship pathway designed for secondary school students and is offered as a course choice option for students entering S5 and S6 in Dundee City Council and some Angus Council secondary schools. In the original FSC model we first sought to secure potential full-lime apprenticeship opportunities with local employers then recruit students to fill these places through the normal school senior phase course choice process. Recrultschool students throughsenr phasecour5e tholce Pro55 Stsdentsfollow oneye?rfull- time pre- apprenticeshlp course Students ready Èmploymentas apprentices Th8 Original FSC Model Over the last two years this model has proved to be loo difficult to deliver as employers have been unable lo commit in advance lo providing apprentice opportunities due lo COVID. The current model retains the ambition of securing full time apprentiShIpS from work placements however il may be that for some students a further year of study is required before they progress into employment. Recruit 5thuol students through 5eThor phasècourse thtsi¢¢ Pfts¢¢SS 5tudent5folhw r*ieyearfull-tlme pr student5 ready Emplayment a5 apprénticesor furthÈi study The Revised FSC Model in Response to COVIO
Futurg Skills Collegg SCIO Report of the Trustees Icontinuedl What We Do Icontinuedl For the first three years of FSC our'schooling component was led by two seconded schoolteachers in a dedicated classroom facility within Dundee and Angus College, Gardyne Campus. This aspect of the programme changed from May 2020 and FSC is now a fully integrated offering with all teaching being undertaken by D&A College lecturers. Students continue to access a broad curriculum beyond their employment focused studies with a strong emphasis on progress in literacy, numeracy as well as health and wellbeing. COVID restrictions since April 2020 have limited the opportunity for students lo take part in the wide range of activities that were available under normal circumstsnces. FSC students continue to follow specially designed pre-apprenliceship D&A College courses in their chosen area of employment in early education, plumbing, joinery, and electrical trades. This gives them a competitive advantage in their chosen professions when they enter the wodd of work. For much of the last year this has been delivered remotely on a blended learning basis much to the frustration of students and lecturers. FSC students usually spend one day per week on work plament with what we hoped would be their future employer. This important aspect of the course usually gives students the opportunity lo meet and work directly with other staff, gel used to the expectations of employers and be ready lo start an apprenticeship fully prepared at the end of the course. 11 has also given employers an opportunity lo stsrt building their own young workfor, taking the hassle out of recruitment and supporting new employees. Again this has not been possible since April 2020 due to COVID restrictions. Happily, this important aspect of the Course has stsrted again for some of our fifth group of students from August 2021. Our Achievements and Performance FSC Year 4 2020121 As noted above FSC 4 was another difficult year for our students and staff as the COVID-19 pandemic continued to impact negatively on the education sector and the wider economy. Our current information suggests that of the 41 students of FSC 4 across the four areas of early education and childcare,. plumbing,. joinery and electrical. the majority has opted lo continue their studies at D&A College for now with the hope that more opportunities to start work as apprentices will become available once businesses return to normality. At this stage the numbers are not confirmed and continue to change bul our understanding as of 23 ALJgusl 2021 is that from FSC 4.. 10 students have secured apprenticeships 1 student has moved lo other full-lime employment 27 have opted for further study at D&A College 1 student has decided lo return to school full-lime 2 students are still being supported to find a positive destination in employment or further study 'Thgt's the year done guys, it's been gmazing being on this course and we havg all achieved so much and came so far I want lo thank all of my pgers and lecturers for all your support this year and I hope everyone completes all their goals. I'll miss you all guys V, FSC 4 Early Learning Student Looking Ahead FSC 5- 2021122 and Beyond FSC was estsblished to lest the hypothesis that there is an allernalive pathway from education into employment for young people. Early evidence of demand from employers, schools, parenV¢arers and students still appears to support this hypothesis. We had hoped that the next phase of development would be lo explore scaling-up the model and had planned to expand our offering based on employer demand for apprentices. Future employment areas might include ITldigilal skills, adult care, hospitality and the business administration option again.
Futurg Skills Collggg SCIO Report of the Trustees Icontinuedl Looking Ahead FSC 5- 2021122 and Beyond Icontinuedl However, the current circumstsnces have put these plans on hold for the moment and our focus has been keeping the model alive in a sustainable way for now. Having established the model the Trustees want lo ensure that FSC now finds a sustainable home. To that end the October 2021 AGM will consider the option of winding-up the SCIO and transferring the operation of FSC along with any remaining assets lo D&A College (also an OSCR registered charity with educational purposes). This may happen as soon as December 2021, or be delayed until December 2022 with the SCIO continuing lo operate for the duration of that year. The OSCR process for winding up a charity will be followed. Funding and Fundraising Our main sources of funding have been through our main educational partners. The local authorities provided the funding for two full-time teachers for the first three years of FSC, as well as access to management support staff and education officers. For FSC 3 a full-lime senior support worker, Graham Scott, was allocated lo FSC funded by the two local authorities and Northwood Charitable Trust. For FSC 4 Graham continued in post with Annmarie Smith picking up the support role for students from Angus Council schools. D&A College has funded lecturers, accommodation and other facilities for the first three years of FSC. From FSC 4, session 2020121, D&A College provided all of the lecturing staff covering the pre-apprenticeship aspect of the course as before but now also the literacy, numeracy and wider aspects of the curriculum. This model of full integration into D&A College will provide FSC with a sustainable home and the opportunity to scale up and broaden its scope into other areas of employment. Northwood Charitable Trust funding of £50,000 per year over five years has been used lo provide additional educab'onal opportunities such as Oulward-Bound residential courses. This funding has also been used to purchase additional classroom reSoUrs, fund outside speakers and provide the independent management of the project. Over the last two years this funding has been used lo purchase Ihe student laptops that have enabled learning from home for all. Reserves Policy The Charity has no formal reserves policy but works on the basis of sufficient funding being in place to cover any commilled expenditure each November ahead of the next cohort of students starting on the programme in the following May. Financial Reviow Receipts on the unreslricled funds were £50,00012019- £61,000). Expenditure of £61,174 {2019- £40,747) for the period resulting in a deficit of £11,17412019 - surplus of £20,253) for the period, giving an accLJmulated surplus of £53,93012019- £65,104). Approved by trustees on 28 September 2021 and signed of behalf by= Chairman
Futurg Skills Collegg SCIO Independent examiner's report to the Trustees I report on the financial statements of the Charity for the year ended 31 December 2020 which are set out on pages 7 to g. This report is made lo the trustees, as a body, in accordance with the tenns of my engagement. My work has iieen undertaken to enable me to report my opinion as set out below and for no other purpose. To the fullest extent permitted by law I do not accept or assume responsibility lo anyone other than the trustees, as a body, for my work or for this report. Respectlve responslbllltles of the Examlner The Charity's Trustees are responsible for preparation of the financial statements in accordance with the tems of the Charities and Trustees Investments (Scollandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The Charity's Trustees consider that the audit requirement of the Regulation 1011 Ildl of the 2006 Accounts Regulations does not apply. 11 is my responsibility lo examine the financial statements as required under section 4411 Ilcl of the Act lo slate whether particular matters have come lo my allenlion. Basls of Independent Examlner's Statement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes considerations of any unusual items or disclosures in the financial slalements, and seeks explanations from the Trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and conseqLJently I do not express an audit opinion on the view given by the financial stalemenls. Indfrpendgnt gxaminor's statement In the course of my examination, no maller has come lo my allenlion.. Which gives me reasonable cause to believe that in material respect the requirements.. To keep accounting records in accordance with Seclion 4411 Ila} of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations To prepare financial slalements with accord with the accounting records and Comply with Regulation 9 of the 2006 Accounts Regulations Have not been mel, or To which, in my opinion, allenlion should be drawn in order lo enable a proper understsnding of the financial slalements lo be reached. Partner For and on behalf of Henderson Loggie LLP Chartered Accountants The Vision Building 20 Greenmarket Dundee DD14QB 28 September 2021
Futurg Skills Collegg SCIO Receipts and payments account for the year ended 31 December 2020 Unrestricted Restricted Total 2020 Receipt5 Donation - Northwood Charitsble Trust 50,000 50,000 Payments Payments for charitable activities.. Consultancy fees Hospitality Student courses Student health & safely Classroom resources Teaching support Accountancy Marketing Bank charges 18.191 83 740 382 22,532 18.127 930 156 33 18.191 83 740 382 22.532 18.127 930 156 33 Total payments 61,174 61.174 Deflclt for the year 111.174) (11.1741 Balance at 31 December 2019 65,104 65,104 Balance at 31 December 2020 53,930 53.930 Unrestricted Restricted Total 2019 Receipts Donations Northwood Charitable Trust Donations- Dundee Nine Trades Donations- Balgay Childrens Society 55.000 55,000 3,000 3,000 3,000 3,000 55,000 6,000 61,000 Payments Payments for charitable aclivilies.. Consultancy fees Hospitslity student courses Student health & safely Classroom resources Teaching support Accountancy 16,899 697 4,541 486 10,874 500 750 16,899 697 10,541 486 10,874 500 750 6,000 Total payments 34,747 6,000 40,747 Surplus for the year 20,253 20,253
Futurg Skills Collegg SCIO Statement of balances as at 31 December 2020 Unre$tri¢ted Restricted 2020 Total 2020 Bank and cash in hand Opening balances Deficit for the year 65,104 {11,1741 65.104 (11,1741 Closing balances 53,930 53.930 Funds As at 31 December 2020 53,930 53,930 Liabilities Consultancy fees Accountancy 1.060 960 2,020 Unrestricted Restricted 2019 Tol81 2019 Bank and cash in hand Opening balances Surplus for the year 44,851 20,253 44.851 20,253 Closing balances 65,104 65,104 Funds As at 31 December 2019 65,104 65,104 Liabilities Consultancy fees Accountancy 2,682 775 3.457 Approved by the Trustees on 28 September 2021 and signed on their behalf by-. Chairman
Futurg Skills Collegg SCIO Notes to the financial statements Related party transactions No Trustee received expenses in either this year or the preceding year. a trustee reeeived consultancy fees of £18,191 in the year12019 - £16,899) and there was £1,060 outstanding at 31 December 202012019- £1,0871-