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Build Up Foundation (Formerly Risk Agency) Build Up Foundation (Formerly Risk Agency) Annual Report and Financial Statements st March 2016 For the year ending 31 Annual Report and Financial Statements st March 2016 For the year ending 31 Registered Charity 1163872 Company Number 09365881 Cody Dock, 11c South Crescent, Canning Town, London E16 4TL Registered Charity 1163872 Company Number 09365881 Cody Dock, 11c South Crescent, Canning Town, London E16 4TL Registered Charity 1163872 Company Number 09365881 Cody Dock, 11c South Crescent, Canning Town, London E16 4TL


Hackney Marshes Adventure Playground Project

Evergreen Adventure Playground Project


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2. 3. 4 5 6

Contents Administrative Details of the Charity, its Trustees and Advisers Trustees’ Report

Independent Examiners Report

Statement of Financial Activities Balance Sheet

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2

12

Notes to the Financial Statements

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ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

Charity Registration 1163872 Company Number 09365881 Registered Office Cody Dock, 11c South Crescent, Canning Town, London E16 4TL Website www.buildup.org.uk Trustees Hannah Monteith (Chair appointed October 2014) Linnie McLarty (Vice Chair appointed October 2014) Paul Hocker (Treasurer appointed October 2014) Company Secretaries John O’Driscoll Gurpreet Sidhu Independent Accounts Examiner Premier FD 200 Aldersgate St London EC1A 4HD Bankers NatWest Bank Black Lion House 45 Whitechapel Road London E1 1DU Senior Staff Huan Rimington (Programme Leader)

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2. TRUSTEES REPORT The Trustees, who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 March 2016. The Trustees have complied with the duty to have due regard to guidance issued by the Charity Commission and have adopted the new SORP (SORP 2015 – “Statement of Recommended Practice”, FRS 102 version), which became applicable for charities with reporting periods commencing on or after 1st January 2015. 2.1 MESSAGE FROM THE CHAIR The year 2015/16 has seen Build Up Foundation (formerly Risk Agency) develop significantly; the Charity has put in place firm foundations for the future and delivered a series of successful projects. Build Up Foundation (formerly Risk Agency) was founded in 2014 by construction company Adventure Playground Engineers (APES) in response to the lack of meaningful apprenticeship and construction skills opportunities for young disadvantaged people across London. In an era where life chances for young people are becoming more dependent on social background than ever before, Build Up Foundation (formerly Risk Agency) seeks to ensure all young people are equipped with the skills to succeed. The organisation was registered with the Charity Commission on 7th October 2015. Over the year the Charity had an impact on 1,100 people via our construction projects and work with partners. A move to a new permanent base in Cody Dock has provided the Charity with considerable security and paves the way for partnerships with other organisations on site and across Newham. I look forward to the Charity working with many more young people across London in 2017. I am incredibly grateful for the commitment and hard work Huan and Martina have put into developing Risk Agency and running such successful and well thought out projects. I would like to thank APES for their continued support and look forward to working with them on future projects. I would also like to thank Evergreen Adventure Playground, Hackney Marshes Adventure Playground, North Hertfordshire College, The Gasworks Dock Partnership, The Big Lottery, The Tallow Chandlers Company, The Worshipful Company of Innholders, The Worshipful Company of Poulters and The Gauntlet Trust for their support. 2


2.3 NAME CHANGE On December 22nd 2016 the Charity changed its name from Risk Agency to Build Up Foundation. Following a consultation with young people, the name Build Up Foundation was chosen to enable the Charity to effectively communicate itself to young people, parents, partners and funders. 2.3 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23rd December 2014 and registered as a Charity on 7th October 2015. The Board of Trustees is responsible for overseeing strategic development, and ensuring legal and statutory compliance. The Board meets on a bi-monthly basis and Trustees and Company Secretaries play an active role in operational matters as needs dictate. Responsibility for day-to-day management of the Charity is delegated to the Programme Leader. Trustee positions are advertised through networks, contacts and on our website. Anyone interested in joining the board is required to complete an application outlining how their skills and experience meet the requirements of the role. All shortlisted candidates are interviewed by the chair of Trustees and the Programme Leader. New trustees receive a full induction prior to joining the board. 2. 4 AIMS AND OBJECTIVES Build Up Foundation (formerly Risk Agency) puts disadvantaged young people in control of bold and ambitious building projects. We enable young people to take on new roles and experiences which help them fulfil their potential and make successful pathways into long-term employment, education and community life. Our objects, as set out in our governing document, are: To act as a resource for young people in the Greater London area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: (a) 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; (b) advancing education; (c) relieving unemployment; 3


(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. 2.5 BENEFICIARIES Build Up Foundation (formerly Risk Agency) works with disadvantaged young people aged 8 – 20 with a range of needs. Some of these needs include: - Young people from low income households - Young people with experience of the care system or deemed at risk to social services - Young people with experience of the criminal justice system and/or at risk of offending - Young refugees and asylum seekers - Ethnic minority and LGBT young people - Disabled young people - Young people experiencing behavioural difficulties, emotional trauma, mental health issues and barriers to education - Young people at risk of gang exploitation - Young people who are NEET (Not in Education, Employment or Training) - Young people who are deemed at risk and outside mainstream education (eg attending PRU’s) Our users face barriers to well being, educational attainment, training and employment. Low self-confidence, poor self-esteem and a legacy of underachievement have created a generation of young people without the self belief and resilience to succeed. An absence of adult role models, a lack of social capital and a link between opportunities for work experience and family background means that many young people remain trapped in deprivation. 2.6 STRATEGY Build Up Foundation (formerly Risk Agency) enables young people to overcome the challenges they face and gain the confidence, resilience and transferrable skills for success. We offer a rare opportunity for young people to take the lead in projects, learn construction skills and gain on-the-job experience. One way we connect with those hardest to reach by locating our programmes in the playgrounds, youth and community centres which young people know and trust. Our projects put teams of young people in charge of a real construction project in their community. Learning is youth led, practical and relevant. Supported by skilled youth construction leaders, young people design, plan and build a play or outdoor space in a place that matters to them. With real ownership of projects, those facing the greatest challenges are able to persevere to complete impressive 4


and valued structures. The experience raises aspirations, develops confidence and reliance and equips young people with the social, practical and creative skills they need to succeed. 2.7 ACTIVITIES 2015 - 2016 In 2015/16 Build Up Foundation (formerly Risk Agency) ran two youth construction projects in Hackney, worked in partnership with young people at the Da Vinci Studio School of Creative Enterprise and completed the first phase of construction of its new workshop at Cody Dock. Hackney Youth Construction Projects Build Up Foundation (formerly Risk Agency) worked with 65 users to design and construct two new structures at Adventure Playgrounds located in highly deprived parts of London. In November and December 2015 young people at Evergreen Adventure Playground constructed a new Tree House in the playground’s nature area. In February 2016 a team at Hackney Marshes Adventure playground constructed ‘The Clubhouse’; a new climbing structure and social space. North Hertfordshire College In April 2015 Build Up Foundation (formerly Risk Agency) worked with 4 young people from North Hertfordshire College to develop its branding and communication strategy. The students proposed a new logo for the Charity that was adopted by the Board in August 2015. Cody Dock In May 2015 the Charity moved from its temporary home in Hackney Wick to Cody Dock, a garden, public space and small business incubator in Canning Town, Newham. The move will enable Build Up Foundation (formerly Risk Agency) to have its own workshop with secure affordable tenure, to work with young people on its own site and to build lasting links with community organisations in Newham. With the support of Adventure Playground Engineers, construction of phase one (office, tool storage and main workshop space) was completed in March 2016 in preparation for the launch of youth construction workshops in May 2016. 2.8 IMPACT In 2015/16 Build Up Foundation (formerly Risk Agency) directly supported 69 disadvantaged young people. Play structures built by the Charity have been used by over 1,100 users, facilitating play and healthy active lifestyles and supporting children and young people’s well being. 5


Build Up Foundation (formerly Risk Agency) assesses young people’s project outcomes across 5 key areas; teamwork and leadership, raising aspirations and broadening horizons, practical and creative skills, self-confidence and resilience (Theory of Change, 2016). Teamwork and leadership Our projects developed participants’ teamwork and leadership abilities; when surveyed 91% of users reported improving skills in these areas. ‘I’m most proud of working as a team, because normally most people don’t really get along. And we communicated and co-operated on everything’ Assim, 12, Hackney Marshes Adventure Playground, February 2016 Raising aspirations and broadening horizons Young people gained new experiences, self belief and new aspirations from their involvement in projects. ‘I’ve never built anything before; so it was the first time I’ve done so many things. So yeah I didn’t think I could be architect, engineer, or a builder because you don’t get taught that in school. But they’re things I’m excited about now’, Nathan, 13, Evergreen Adventure Playground, December 2016. 'It’s been a really great experience. We've done a few work placements with companies before, but what normally happens is you're given some work that doesn't really matter or you're treated as students who don't understand what’s really going on. This was completely different – it’s unusual for a company to take your ideas seriously, actually really listen to them and then take them on board. It gave me the confidence to believe in myself and what I can achieve’, Hannah, 16, North Hertfordshire College, April 2015 Practical and creative skills When surveyed, 100% of young people felt they had developed skills in construction, design or carpentry. ‘I was able to learn new skills and I would be able to apply most of these skills in other situations’. Iamar, 15, Evergreen Adventure Playground, December 2014 Self-confidence Involvement in our projects developed young people’s belief in themselves and their capabilities. When surveyed, 100% of participants felt they were now better equipped to complete a project of their own. ‘Jarmal was publicly very loud but actually very reluctant and under confident in his own ideas, often messing about when faced with his own decisions. So I worked with him one to one for some time to develop a design for the front wall and he really took control of it. Then later on in the afternoon when I was with another

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group I noticed how confidently he was working on his wall and had taken on one of the younger project members to assist him’. Huan Rimington, Programme Leader, Hackney Marshes Adventure Playground, February 2015 Resilience Building structures developed participants’ perseverance; in project exit interviews all participants could describe a challenge which they had overcome to complete projects. ‘This is probably, in what he did and the amount of time that he gave, the most he’s given to anything in this playground. So its excellent for us to know there is that legacy for him… feeling like he’s done something and feeling like he’s got a stamp here. And his younger brothers just about to turn age to come regularly and he will know Abdul’s built this. That’s really good’. Angela Day, Senior Playworker, Hackney Marshes Adventure Playground, February 2016 When we did the platform there wasn’t enough space for that particular wood, so we had to take it out and put it back in. We were able to learn from our mistakes and finish it’, Iamar, 12, Evergreen Adventure Playground, December 2016 ‘I came every day. At one point I was like ‘Nah I’m giving up’. But then I had a shower and arrived on time’, Tyronne, 16, Hackney Marshes Adventure Playground, February 2016 2.9 PUBLIC BENEFIT In setting our objectives and planning our activities the Trustees have given consideration to the Charity Commission’s guidance on public benefit (PB1, PB2 and PB3) and have taken these into account in making all decisions. We have not departed from the guidance in 2015 / 2016. Build Up Foundation’s (formerly Risk Agency) objects are ‘to act as a resource for young people in the Greater London area by providing advice and assistance and organising programmes of physical, educational and other activities’. These are pursued by providing opportunities for disadvantaged young people to gain skills and experience through leading construction projects. 2.10 FUTURE PLANS In 2016/ 2017 Build Up Foundation (formerly Risk Agency) will: - Extend and develop our services in Lambeth, Hackney and Haringey with our partners. - Develop new programmes in Newham with partners. 7


- Further develop our workshop space at Cody Dock into a hub for youth-led construction projects. 2.11 FINANCIAL REVIEW The Charity started fund raising in the first half of the financial year, receiving a £10,000 grant from Awards for All in October 2015 and £2,979 of donations from The Tallow Chandlers Company, The Worshipful Company of Innholders, The Worshipful Company of Poulters and The Gauntlet Trust. The £10,000 from Awards for All has been treated as a restricted fund, being used for the two youth construction projects in Hackney. It was all spent in the year, so there are no restricted funds carried forward. The donations of £2,979 included £479 from Adventure Playground Engineers Limited, which provided further support to the Charity by covering the costs of rent, insurance and a programme developer for one day a week. 2.12 PENSION ARRANGEMENTS In 2017 Build Up Foundation (formerly Risk Agency) will be required to comply with the new auto-enrolment pension requirements, being introduced by HMRC in phases. This process is in hand, and will be managed, including informing staff well in advance of its introduction about the scheme and its potential impact. 2.12 RESERVES POLICY As of 31 March 2016, £2,670 of unrestricted funds were carried forward. These have been ring-fenced towards our reserves policy goal of 3 months running costs. Based on our turnover this is equivalent to £3,244 which we have not quite reached but aim to reach in 2016-17. 2.13 RISK MANGEMENT The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to them. 2.14 STATEMENT OF TRUSTEES' RESPONSIBILITIES The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting 8


Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and group and of the income, expenditure and financial activities of the charitable group for that period. In preparing these financial statements, the Trustees are required to: • select suitable accounting policies then apply them consistently; • observe the methods and principles in the Charities SORP; • make judgements and estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The company has taken advantage of small company exemptions, being a small company, not to include a Strategic Report, however the content in the Trustees Report constitutes similar content to a Strategic Report as described in SORP Information Sheet 5, published by the Charity Commission. Approved and authorised for issue by the Board of Trustees on 22nd December 2016 and signed on their behalf by:- Hannah Monteith Paul Hocker (Trustee and Director) (Trustee and Director)

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4 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2016

Income from: Donations Charitable activities - Awards for All grant

Notes

Unrestricted £

2,979

Total

Expenditure on: Charitable activities Total

2,979 2

Transfers between funds Net movement in funds Reconciliation of funds Funds brought forward

Total funds carried forward

10,000

2

309

10,000

10,309

-

2,670

0

2,670

2

10,000

10,309

-

0

2,670

2

2

-

2

-

0

-

-

-

2,672

2,672

All transactions are derived from continuing activities. There were no recognised gains and losses in either the current year or the previous 4 months. The notes on pages 14 to 16 form part of these financial statements.

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2

12,979

2,670

7

10,000

2,979

Total 2015 (4 months) £

10,000

309

Net Income / (expenditure)

Restricted £

Total 2016 (year) £

-

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5 BALANCE SHEET AS AT 31 MARCH 2016 2016 ÂŁ

Notes

Current assets Cash at bank and in hand

Creditors: amounts falling due within one year Net assets (all current)

3,862 3,862

Restricted funds

2 2

5

(1,189)

2,672

2

7

2,672

2

2,672

2

Funds Unrestricted funds

2015 ÂŁ

-

Total funds

The notes on pages 14 to 16 form part of these financial statements.

-

For the financial year ended 31 March 2016 the charity was entitled to exemption from audit under section 477 Companies Act 2006. No member of the charity has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charity. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006. These financial statements were approved and authorised for issue by the Board of Trustees on 22 December 2016 and signed on their behalf by:

Hannah Monteith - Trustee and Director

Paul Hocker - Trustee and Director

Registered company number (England and Wales): Registered charity number (England and Wales):

1163872 09365881

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6 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016 1 Accounting Policies 1.1 Accounting convention The financial statements are prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by charities (SORP 2015 – FRS 102 version), applicable accounting standards and the Companies Act 2006. The charity has taking advantage of the Small Entity provisions of FRS 102. The financial statements are presented in Sterling (£). Statement on going concern After reviewing the charity’s forecasts and projections, the directors have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 1.2 Company status The parent charity is a company limited by guarantee. The directors of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable certainty.

1.4 Expenditure All expenditure is included on an accruals basis and is inclusive of all VAT, which cannot be reclaimed, and is reported as part of the expenditure to which it relates: ˃ Charitable expenditure comprises those costs incurred by the charity in the delivery of 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. ˃ Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. ˃ All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other costs are apportioned on the basis staff time incurred.

1.5 Funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds, which are to be used in accordance with specific restrictions imposed by the donor. The aim and use of the restricted fund is set out in the notes of the financial statements.

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2 Analysis of expenditure on charitable activities

Awards for All projects Cody Dock Workshop

3 Analysis of support costs

Staff costs Governance

Activities undertaken directly £ 6,814 305 7,119

Support costs £ 3,186 4 3,190

Awards for All £ 3,177 9 3,186

Cody Dock workshop £ - 4 4

Total £ 10,000 309 10,309

Total £ 3,177 13 3,190

Costs of rent, insurance and a programme developer for one day a week were all borne by Adventure Playground Engineers Limited. 4 Trustees and staff remuneration

The trustees received no remuneration or reimbursements of expenses in the year or previously. Staff remuneration and numbers

2016 £ 3,177

Wages and salaries

2015 (4 months) £ -

The charity's employees during the year were all part-time, their total hours being less than an equivalent full time employee. Remuneration for each of the three part-timers was below the threshold for employer's national insurance. None of them therefore received emoluments in excess of £60,000.

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5 Creditors: amounts falling due within one year 2016 £ 1,189

2015 £ -

Unrestricted funds £ 2,672 - 2,672

Restricted funds £ 1,189 (1,189) -

Total Funds £ 3,862 (1,189) 2,672

At 31 March 2015 £ 2

Incoming Resources £ 2,979

Resources Expended £ 309

- 2

10,000 12,979

10,000 10,309

Creditors

6 Analysis of net assets between funds

Current assets Current liabilities

7 Movements in Funds

Unrestricted funds Restricted funds - Awards for All

8 Post Balance Sheet Event

At 31 March 2016 £ 2,672 0 2,672

On December 22nd 2016 the Charity changed its name from Risk Agency to Build Up Foundation

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Build Up Foundation Annual Report 2015 - 2016  
Build Up Foundation Annual Report 2015 - 2016  
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