Agents Giving - Charities report - 21.2

REGISTERED COMPANY NUMBER: 06507703 (England and Wales)

REGISTERED CHARITY NUMBER: 1124410

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Agents Giving

Page

Report of the Trustees

1

to

6

Independent Examiner's Report

7

Statement of Financial Activities

8

Statement of Financial Position

9

Notes to the Financial Statements

10

to

14

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 2020. 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 will 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.

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.

STRATEGIC REPORT

Achievement and performance

Fundraising activities

As in 2019, the plan for 2020 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. It is worth noting that lockdown did have a big impact on the Agents Giving planned events for 2020.

Agents Giving were able to support the industry further during the lockdown 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 also launched a Supporters Scheme whereby the industry 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. Participating agents receive promotional Agents Giving material to use to show their support and involvement in the scheme. In 2020 the scheme raised £300.

In 2020 Agents Giving raised £40,932 in total from a few different sources, activities and events. Building on the successful fundraising events in 2019 we organized the following principal events during 2020:

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.

Donate A Coat Initiative - with hundreds of coats being donated to shelters and charities.

Donate a Food Parcel Initiative - with thousands of food items donated to foodbanks around the UK

Agents Giving Love Mud Challenge - Fundraising for Agents Giving

Agents Giving Charity Golf Day - was unable to go ahead due to government lockdown restrictions.

The most significant fundraising event of the year has been The Agents Giving Love Mud Challenge, which took place in October 2020 and raised approximately £5000. The Agents Giving Love Mud Challenge was held at Nuclear Races, Brentwood Essex, 20 people attended. The event was a great success, despite the covid-19 safety regulations and restrictions that teams had to adhere to, we were pleased to be able to run our first event of 2020 and so proud of all who attended and fundraised, this event is planned to be booked again for 2021where hopefully even more teams are able to attend.

The Agents Giving Board agreed to postpone the Agents Giving Charity Ball from December 2019 to July 2020 for a summer event for all supporters - this had an impact and had been dependent on lockdown restrictions and government guidelines.

Agents Giving did however take the Charity Ball online and provided an all virtual event for the industry and supporters by awarding agents and suppliers in the Agents Giving with Acts of Kindness Awards 2020. We organized music, presentations from our Charity Patron Phil Spencer, fun as well as an online charity auction. This virtual event raised £ in total 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 thousands of items being collected and donated to The Trussell Trust food banks and other food bank centers around the UK.

Agents Giving was the chosen charity for support and fundraising for several major virtual industry events during 2020 including:

The EA Masters 2020

The Guild of Property Professionals 2020

Relocation Agency Network Conference 2020

The ESTA's 2020 Virtual Industry Awards

These all new online virtual events gave the opportunity to both raise money and greater support of the charity within the industry network.

Worthy of particular note and thank you goes to the following for their sterling efforts; Drivers & Norris, Thomas Morris Estate Agents, Paramount, The Guild of Property Professionals, and Relocation Agents Network.

Thanks to our charity partners Reapit, BriefYourMarket, EA Masters, J P Gardener and Associates, Propertymark, Moneypenny, Property Academy, Kerfuffle, The Guild of Professional Estate Agents, Relocation Agent Network, The ESTA's, Ravensworth, 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.

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.

Grants

Agents Giving Grant donations made in 2020 - £2,740

Patron, Chairman and Directors

TV personality and property expert Phil Spencer continued his support as an Agents Giving Patron.

Agents Giving Chairman Michael Stoop continued as Agents Giving Chairman in 2020.

Board Director Richard Tucker sadly had to step down as a Board Director due to ill health.

Future plans

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 2021 the plan is to:

To organize for Agents Giving - the Agents Giving Love Mud Challenge, a 7km tough mudder event on 4th July 2021, inviting agents to enter a team and fundraise for Agents Giving

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 2021.

Agents Giving Day - To run the campaign to engage agents and suppliers to collect and donate to their local food banks as an ongoing initiative.

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 Directors for further locations to assist in promoting events and fundraising.

Continue to recruit Partners and develop relationship 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 new partner 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 2021, which would be our sixth 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 really 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.

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

06507703 (England and Wales)

Registered Charity number

1124410

Registered office

PO Box 648 Gateway House Tollgate

Chandlers Ford

Eastleigh

Hampshire

SO50 0ND

Trustees

G P Barker Company Director

P J T Knight Company Director

D J Newnes Company Director

M I Stoop Company Chairman

S Lawrence Company Director

G Samples Company Director

F Giltinan Company Director

J Gardner Company Director

N Emerson Company Director

R Tucker Business Owner (resigned 20/8/2020)

M S J Whewell Company Director (appointed 1/3/2020)

Company Secretary

Ms S E Marsh

Independent Examiner

N Pemble

Institute of Financial Accountants

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 1 September 2021 and signed on the board's behalf by:

M I Stoop - Trustee

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 2020.

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

1 September 2021

2020

2019

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

48,403

-

48,403

35,060

EXPENDITURE ON

Charitable activities

Grantmaking

3,741

-

3,741

9,809

Cost of Generating Funds

45,898

-

45,898

51,627

Governance Costs

2,689

-

2,689

2,539

Other

1,728

-

1,728

7,727

Total

54,056

-

54,056

71,702

NET INCOME/(EXPENDITURE)

(5,653

)

-

(5,653

)

(36,642

)

RECONCILIATION OF FUNDS

Total funds brought forward

53,107

-

53,107

89,749

TOTAL FUNDS CARRIED FORWARD

47,454

-

47,454

53,107

2020

2019

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

7

1,600

-

1,600

1,600

Cash at bank

47,801

-

47,801

58,504

49,401

-

49,401

60,104

CREDITORS

Amounts falling due within one year

8

(1,947

)

-

(1,947

)

(6,997

)

NET CURRENT ASSETS

47,454

-

47,454

53,107

TOTAL ASSETS LESS CURRENT LIABILITIES

47,454

-

47,454

53,107

NET ASSETS

47,454

-

47,454

53,107

FUNDS

9

Unrestricted funds

47,454

53,107

TOTAL FUNDS

47,454

53,107

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 1 September 2021 and were signed on its behalf by:

M I Stoop - Trustee

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.

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.

2.	GRANTS PAYABLE

2020

2019

£

£

Grantmaking

2,740

9,809

The total grants paid to institutions during the year was as follows:

2020

2019

£

£

Various Charities

2,740

9,809

A total of £2,740 grants were made in 2020.

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Auditors' remuneration

2,003

1,500

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2020

2019

Average number of employees

1

1

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

35,060

-

35,060

EXPENDITURE ON

Charitable activities

Grantmaking

9,809

-

9,809

Cost of Generating Funds

51,627

-

51,627

Governance Costs

2,539

-

2,539

Other

7,727

-

7,727

Total

71,702

-

71,702

NET INCOME/(EXPENDITURE)

(36,642

)

-

(36,642

)

RECONCILIATION OF FUNDS

Total funds brought forward

89,749

-

89,749

TOTAL FUNDS CARRIED FORWARD

53,107

-

53,107

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Prepayments and accrued income

1,600

1,600

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Social security and other taxes

87

-

Accruals and deferred income

1,860

6,997

1,947

6,997

9.	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

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

)

Comparatives for movement in funds

Net

movement

At

At 1/1/19

in funds

31/12/19

£

£

£

Unrestricted funds

Unrestricted

89,749

(36,642

)

53,107

TOTAL FUNDS

89,749

(36,642

)

53,107

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted

35,060

(71,702

)

(36,642

)

TOTAL FUNDS

35,060

(71,702

)

(36,642

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/1/19

in funds

31/12/20

£

£

£

Unrestricted funds

Unrestricted

89,749

(42,295

)

47,454

TOTAL FUNDS

89,749

(42,295

)

47,454

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

83,463

(125,758

)

(42,295

)

TOTAL FUNDS

83,463

(125,758

)

(42,295

)

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.