Agents Giving - Charities report - 22.2
Agents Giving - Charities report - 22.2
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2021 |
for |
Agents Giving |
Agents Giving |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
Page |
Report of the Trustees | 1 | to | 6 |
Independent Examiner's Report | 7 |
Statement of Financial Activities | 8 |
Statement of Financial Position | 9 | to | 10 |
Notes to the Financial Statements | 11 | to | 15 |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
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 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The objectives of Agents Giving are; to encourage, support and promote fundraising of estate and letting agents and suppliers to the industry. Agents Giving encourage by getting behind charitable fundraising initiatives and encourage the industry to take part and do their bit to help make a difference to their community and great causes. |
Agents Giving support by offering grant funds to the industry to help with the set-up costs of their fundraising event, so that more of the money they raise goes directly to the charity or cause of their choice. Agents Giving promote these good deeds and other fundraising activities in the industry through marketing and promotion in social media and press releases. |
The aim is to help agents maximize their fundraising efforts and support a wide range of charities and community projects, this allows for more engagement with lettings and estate agents and significantly increase the amount of money raised. Agents Giving also organize and host fundraising events to allow funding for the grants which are made, to galvanize the industry, have fun and pull people together all for charity and to help make a real difference. |
Grantmaking |
Procedures and policy for grant making |
Agents Giving has a formal application form for grant making which is available on the Agents Giving website. Applications should be sent to the charity's fundraising team who will consider the application and, if suitable, put it forward for consideration by directors at their board meetings. |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
STRATEGIC REPORT |
Achievement and performance |
Fundraising activities |
As in 2020, the plan for 2021 was to continue to raise awareness of Agents Giving amongst the estate agency industry and to encourage as many people and companies as possible to be involved in fundraising activities. |
Agents Giving were able to support the industry further during and after the lockdowns by promoting and sharing the industry Acts of Kindness shown in local communities and neighborhoods during the most challenging times. Agents Giving were able to support as much as possible by promoting these amazing, good deeds by the industry to make such a huge difference in their local communities for charitable causes, community groups, individuals in need and the elderly - the support we witnessed was outstanding. |
Agents Giving have a Supporters Scheme whereby agents sign up to for an annual fee of £99 to show their support where they may not have the time to get involved in a fundraising event themselves. Participating agents receive promotional Agents Giving material to use to show their support and involvement in the scheme. In 2021 the scheme raised £3,267 |
In 2021 Agents Giving raised £128,500 in total from a few different sources, activities and events. Building on the successful fundraising events in 2020 we organized the following principal events during 2021: |
Agents Giving Day - Industry wide Fundraising Day where the Property Industry are encouraged to collect items and fill a food parcel to forward on to their local food banks throughout the UK or carry out a good deed for their local food bank such as fundraising or volunteer for the day. |
Donate A Coat Initiative - a winter coat collection with hundreds of coats being donated to homeless shelters and charities. Donations were also make directly to the holes on the streets of London. |
Donate a Food Parcel Initiative - with thousands of foods and toiletries donated to food banks around the UK |
Agents Giving Love Mud Challenge - Fundraising for Agents Giving |
Agents Giving Charity Golf Day - Fundraising for Agents Giving |
Agents Giving Summer Ball 2021 - Fundraising for Agents Giving |
The most significant fundraising event of the year has been The Agents Giving Summer Ball Fundraising Champion Awards 2021, which took place on 24th September 2021 and raised approximately £44,000. The event was shown to be a great success, we were pleased to be able to run our event of 2021 and so proud of all who attended and participated in the raffle and charity auction. The Summer Ball is planned to be booked again for 15th July 2022 where hopefully even more guests are able to attend. |
The Agents Giving Charity Golf Day 1st September 2021 had been organized by board members David Newnes and Gareth Samples at Morley Hayes Golf Club and resort in Derbyshire. Eighteen teams registering their four ball teams for an eighteen-hole shotgun start round of golf. All players were invited to a three-course presentation dinner, complete with a fundraising raffle and charity auction. The event raised £12,000. |
The Agents Giving Love Mud Challenge took place in October 2021 and was hosted at Nuclear Races, Brentford, Essex. The event saw six property industry teams enjoy the multi obstacle race in the mud and raise approximately £6,400 for Agents Giving. |
Agents Giving fundraisers and supporters were kept up to date with regular e-mail communications, the Agents Giving website, Facebook, Twitter, Linkedin and Instagram. We continued to work on raising awareness of the charity with news and updates alongside regular press releases to the trade press. We promoted an industry wide campaign urging agents to donate a coat during the winter months to a homeless shelter or charity - within covid safe regulations, whereby hundreds of coats were collected and donated on a local level. We similarly asked agents to collect and donate food items to their local food bank which resulted in literally thousands of items being collected and donated to The Trussell Trust food banks and other food bank centers around the UK. |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
The Agents Giving Christmas Stocking Appeal - Engaging with the property industry to encourage collections and donate festive chocolates and Christmas luxury food items to be donated to local food banks to families who were unable to afford these luxuries at Christmas time. |
Agents Giving were the chosen charity for support and fundraising for several major virtual industry events and referral schemes during 2021 including: |
The Guild of Property Professionals Conference 2021 |
Relocation Agency Network Conference 2021 |
Worthy of particular note and thank you goes to the following for their sterling charity support and fundraising efforts, Pygott & Crone, Kerfuffle, Drivers & Norris, Thomas Morris Estate Agents, Paramount, The Guild of Property Professionals, and Relocation Agents Network. |
Thanks to our charity partners BriefYourMarket, EA Masters, J P Gardener and Associates, Propertymark, Moneypenny, Property Academy, Kerfuffle, The Guild of Professional Estate Agents, Relocation Agent Network, and media supporter Estate Agent Today should also be noted for their considerable support during the year with their support, donations or services provided. |
Thanks also to our Regional Ambassadors and their companies for their support and help to promote Agents Giving; Northfields, Tenancy Deposit Scheme, Macleod & MacCallum, Clive Tanner Wyatt, Nock Deighton, Flat Fair and Churchills, Pygott & Crone and Dawsons of Swansea. |
Agents Giving now offer a small grant towards agents fundraising set up costs, which has proved very successful. Fundraisers are invited to apply for a grant to help cover the costs of putting on a fundraising event. As well as encouraging more agents to fundraise for charity and us to help them promote their events to a wider audience. This is funded by monies raised at Agents Giving events during the year and is supported by The Guild of Property Professionals and their referral donation campaign. |
Grants |
Agents Giving Grant donations made in 2021 - £6,900 |
Patron, Chairman and Directors |
TV personality and property expert Phil Spencer continued his support as an Agents Giving Patron. |
Agents Giving Chairman Michael Stoop stepped down December 31st 2021 and David Newnes Board Member was appointed as the new Agents Giving chairman 1st January 2022. |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
STRATEGIC REPORT |
Future plans |
Plans for future periods |
Agents Giving continues to develop support throughout the industry and to encourage fundraising on a general level, we aim to get all estate and letting agents as well as suppliers to the industry fundraising for charities, communities and local causes via the Agents Giving grant fund. Agents Giving aim to continue to encourage, support and promote the industries general fundraising efforts. |
Looking forward to 2022 the plan is to: |
To organize for Agents Giving Dragon Boat Race - At Fairlop Waters, Ilford, Essex, 15th May 2022. Fifteen teams with eighteen participants in each boat to have three heats for a final race off. All participants will be invited to fundraise for Agents Giving. |
Agents Giving Fundraising Champion Awards Strictly Agents Dancing - Planned for July 15th 2022 at Epsom Downs Race Course. Ten of the property industry agents/suppliers will sign up to take lessons and dance on the night for a glitter ball trophy all in aid of charity. A three-course dinner is planned for 280 guests with a awards ceremony for the Fundraising Champion Awards 2022. A raffle and auction is planned for Agents Giving fundraising. |
An Agents Giving Charity Golf Day - Agents and suppliers to the property industry are invited to play an 18-holes of golf, hosted by Board Directors David Newnes and Gareth Samples at a date to be agreed in September. A dinner is included with a fundraising auction and raffle in aid of Agents Giving. |
Agents Giving will continue to build on existing events and expand further on the success of The Agents Giving Ball and the fundraising champions awards in September 2022. |
Agents Giving Day - To run the campaign to engage even more agents and suppliers to collect and donate to their local food banks as an ongoing initiative. |
Christmas Stocking Appeal - Supporting families in crisis at this festive season. |
Winter Coat Campaign - To engage the property industry to support the homeless by donating unloved warm coats where possible. |
Continue to recruit further board directors. |
Recruit additional Regional Ambassadors for further locations to assist in promoting events and fundraising. |
Continue to recruit Charity Partners and develop relationships with current partners (mostly industry suppliers) to donate goods and services or make financial donations to support the running of the charity and the grant fund. Partners already recruited include the Property Academy, JPG & Associates (social media & video support) BriefYourMarket (e-mail services). |
Agents Giving will continue to have online virtual Board Meetings. |
Maintain relationship with industry bodies as their chosen charity (already secured Relocation Agent Network, The Property Ombudsman). Develop the relationship with the ESTAs, to renew our status as their official charity for 2022, which would be our seventh year of support. To maintain further the relationship with The Guild of Property Professionals who support Agents Giving with their £50 referral donation scheme through their members. Continue to support and help even more agents and suppliers to the industry achieve support with their fundraising set up costs. Plan to run further Agents Giving events and work alongside our supporters to provide even more opportunities to fundraise. Plan to run some fundraising initiatives to help some worthwhile causes and something that all agents' offices can be involved in including supporting their local food bank effort.?Help the industry communicate and promote the great collective fundraising efforts and Acts of Kindness and show that they are all making a huge difference to the charities and causes they support in their local communities. |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
The Estate Agency Foundation ("EAF") changed its' name on 31st January 2014 to Agents Giving. It is a charitable company limited by guarantee. It was incorporated as a company on 18th February 2008 and was later registered as a charity with the Charity Commission on 7th June 2008. |
The charity's governing documents are its Memorandum and Articles of Association. |
The Articles of Association provide for a minimum of three directors but do not set a maximum number. Directors are appointed by the board of directors and retire by rotation after which they may put themselves forward for reappointment. The Board keeps the skill requirements under review and in the event that a director retires or additional new directors are required, the board asks for nominations. |
New directors will receive a copy of the Memorandum and Articles, Annual Report, minutes and details of projects funded. |
The directors meet four times a year and the day to day correspondence is delegated to the charity's fundraising team. The directors have considered the major risks to which the charity is exposed at a board meeting in July 2015. The identified risks are graded as to whether they are perceived as a high, medium or low risk to the organization. There were no major risks identified that had a risk grading of high. Systems are established to monitor and manage risks on an ongoing basis at board meetings. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
N Pemble |
Institute of Financial Accountants |
Marden & Co Accountants Limited |
45 Nork Way |
Banstead |
Surrey |
SM7 1PB |
Agents Giving (Registered number: 06507703) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
Independent Examiner's Report to the Trustees of |
Agents Giving |
Independent examiner's report to the trustees of Agents Giving ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
N Pemble |
Institute of Financial Accountants |
Marden & Co Accountants Limited |
45 Nork Way |
Banstead |
Surrey |
SM7 1PB |
13 September 2022 |
Agents Giving |
Statement of Financial Activities |
for the Year Ended 31 December 2021 |
2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 47,454 |
Agents Giving (Registered number: 06507703) |
Statement of Financial Position |
31 December 2021 |
2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 47,454 |
TOTAL FUNDS | 47,454 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company. |
Agents Giving (Registered number: 06507703) |
Statement of Financial Position - continued |
31 December 2021 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Agents Giving |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Agents Giving |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
2. | GRANTS PAYABLE |
2021 | 2020 |
£ | £ |
Grantmaking | 6,900 | 2,740 |
The total grants paid to institutions during the year was as follows: |
2021 | 2020 |
£ | £ |
Various Charities | 6,900 | 2,740 |
A total of £6,900 grants were made in 2021. |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2021 | 2020 |
£ | £ |
Auditors' remuneration | 2,141 | 2,003 |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2021 | 2020 |
Average number of employees |
Agents Giving |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 53,107 | - |
TOTAL FUNDS CARRIED FORWARD | 47,454 | - | 47,454 |
7. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
DEPRECIATION |
Charge for year |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
Agents Giving |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Social security and other taxes |
Accruals and deferred income |
10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/21 |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 47,454 | 31,906 | 79,360 |
TOTAL FUNDS | 31,906 | 79,360 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 133,465 | (101,559 | ) | 31,906 |
TOTAL FUNDS | ( |
) | 31,906 |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/20 | in funds | 31/12/20 |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 53,107 | (5,653 | ) | 47,454 |
TOTAL FUNDS | 53,107 | (5,653 | ) | 47,454 |
Agents Giving |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
10. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 48,403 | (54,056 | ) | (5,653 | ) |
TOTAL FUNDS | 48,403 | (54,056 | ) | (5,653 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/1/20 | in funds | 31/12/21 |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 53,107 | 26,253 | 79,360 |
TOTAL FUNDS | 53,107 | 26,253 | 79,360 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted | 181,868 | (155,615 | ) | 26,253 |
TOTAL FUNDS | 181,868 | (155,615 | ) | 26,253 |
11. | RELATED PARTY DISCLOSURES |