**Registered number: 01984355 Charity number: 1010796**
## **ELLINGHAM EMPLOYMENT SERVICES**
**(A Company Limited by Guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Company, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 14|
|**Independent Auditors' Report on the Financial Statements**|15 - 18|
|**Statement of Financial Activities**|19|
|**Balance Sheet**|20 - 21|
|**Notes to the Financial Statements**|22 - 37|
## **ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024**
|**Trustees**|C Bailey (Chair)|
|---|---|
||P J B Le Rasle|
||L Kowalczyk|
||I A A Strydom|
||L Bailey (Treasurer)|
|**Company registered**
**number**
01984355
**Charity registered**
**number**
1010796
**Registered office**
5 - 11 Ellingham Road
Leytonstone
London
E15 2AU||
Page 1
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024**
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Trustees are pleased that services have continued to develop during the year 2023-24. The reflection exercises undertaken by SMT, staff & clients during the previous period has meant a reappraisal of service delivery to maximise the continuing quality services provided by Ellingham Employment Services, a result of which has led to an increase in referrals to both I Can Ventures and Supported Internship programmes. It has also meant that Trustees & SMT are looking at the sustainability of the organisation, by exploring the implementation of a change management programme, and in staffing structure to enable progression of staff through the organisation.
In 2022, thanks to the latest Investors in People assessment, the Board and Senior Management Team (SMT) embarked on a values exercise. The purpose of this was to build on the strong ethos of the organisation by identifying three core values and then embed them in our service delivery. The exercise was transformative. At this time, it was also felt that the working name of the organisation, which has been in existence since its inception, was no longer reflecting the modern organisation & its services. During 2023-24 SMT engaged with staff and clients and stakeholders, the result being that it is time to modernise our identity and go forward with a new name that represents who we are now, carries the weight of our excellent work and futureproofs the organisation.
At the same time during 2023/24, an access audit was undertaken by Centre for Accessible Environments (funded by City Bridge) on the front building at Ellingham Road. Built in 1998, the layout no longer suits the services it provides and so as a first step to improvements an access audit was commissioned. Again, consultation between SMT, staff & clients, together with the access audit, led to a brief submitted to contractors for tenders. We were also fortunate to benefit from corporate volunteer support from members of ELBA (East London Business Association) regarding elements of the refurbishment. During the period, work continued to refine the refurbishment design with the contractors, with the intention that in 2024/25 an application will be submitted to City Bridge for funding for the access audit to be carried out.
Because of this, the whole Board of Trustees must extend its overwhelming gratitude to:
- All its staff team for their efforts throughout the year, during which they all showed their commitment to Ellingham’s clients, and their flexible approach to finding ways to support clients, and each other, to ensure that clients are placed as a priority and receive a high-quality service. The flexible approach adopted by all staff ensures this.
- The Senior Management Team, Donna Darrell, Rosemary Clark, and Miles Leonard, under the leadership of Helen Gore, for their management & leadership of Ellingham’s staff teams during these times ensuring clients’ well-being is maintained.
- The Finance & Development team for the strict financial controls and successful external funding applications received that enabled Ellingham to sustain its financial viability during this year.
- Senior Managers who were able to implement new & increased contracts for service delivery.
- The entire dedicated staff team for their prompt reactive responsiveness when needed for the benefit of our clients.
## **Board Changes:**
Trustees are pleased to announce that the Board remained unchanged throughout the year. They continue to hold their meetings in a combination of face to face and internet meetings.
Page 2
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Objectives and activities**
## **a. Policies and objectives**
- developing a wide range of day opportunities within the vocational, well-being & independence fields for clients with the most complex barriers to employment
- for these clients, creating supported social enterprises, run on a cooperative-type basis where clients have elected to share all sales profits equally amongst all who participated within the activities.
- providing training to clients with learning disabilities,
- providing work experience commensurate to the abilities of the clients and the programme they are on, and finding and maintaining supported employment placements in the Greater London area for those clients referred on job outcome related programmes.
- Exploring and developing new avenues of service for young people with learning disabilities
- Working with other professionals in the field to assist in a more robust and consolidated services.
- Working in Partnerships with other Agencies to secure the widest range of services available that best matches the need of Ellingham’s client base.
- Working with employers on issues of Disability Awareness
- Ensuring comprehensive internal policies
- Ensure our values are embedded in all activities and interaction between staff and clients.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 3
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Objectives and activities (continued)**
## **b. Strategies for achieving objectives**
## **Partnership Working**
The Trustees are proud of the current work that is being undertaken in the field of working partnerships. The Board also recognise that this strategy is key to its future development and in particular essential to long term funding as the major Funders are now requiring a partnership procedure to ensure successful bids for finance and grants.
Representatives from Ellingham continue to be members of the following:
Member of Waltham Forest day opportunities provider forum
- Senior Manager I Can Ventures Rosemary Clark remains a member of the Newham Learning Disability & Autism Provider Forum.
- Senior Manager I Can Ventures is working with the Waltham Forest College social care workforce developmentforum, with the aim of extending opportunities for local young people to work in social care and giving employers a voice in developing the training on offer to students. Ellingham already host work placements for these students.
- Close working with Hackney Education in the delivery of Ellingham’s Supported Internship-style programme. As a result of this, Miles Leonard, Senior Manager of Supported Internships, has been elected chair of Hackney Supported Internship Employment Forum. He has also joined the Hackney Young Person’s network which looks at opportunities for young people in the borough.
- Miles Leonard also leads training on neurodiversity to London Early Years Foundation.
- • Working with corporate volunteers on several projects, including via ELBA (East London Business Association) in the development of the organisation and its refurbishment.
Such partnerships enrich the work of the Organisation and open potential opportunities for broadening its scope for development, as well as establishing closer working and meaningful links within the Community.
It is a strategic part of the Ellingham infrastructure that Partnerships will continue.
Page 4
## **ELLINGHAM EMPLOYMENT SERVICES**
**(A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
Ellingham’s unique selling point is that we recognise that there is no single route to assisting people with learning disabilities and/or associated physical and/or sensory disabilities attain & maintain their potential goals. Therefore, Ellingham has developed a range of activities according to client’s requirements and needs:
**• I Can Ventures (ICV)** – services for people with more complex barriers and higher support needs. Activities include a full range of day opportunities, non-accredited training activities, supported employment activities, advocacy and peer support services. All activities have a meaningful purpose as a way of maintaining skills learned and developing new ones.
**• Supported Internships** – based on our experience of working with several local colleges in recent years, Ellingham developed its own in-house programme. Whilst the mainstream Supported Internship programme is one type of study programme specifically aimed at young people aged 16 to 24 who have a statement of special educational needs, a Learning Difficulty Assessment, or an EHC plan, who want to move into employment and need extra support to do so, Ellingham staff have created a tailored programme for those clients who required additional support to those who can access the mainstream programme, thereby filling a gap in client need.
**• DWP Access to Work** – is a tailored practical support programme to people who have a disability, health or mental health condition to enable them to start work, stay in work or to move in self-employment.
## **d. Main activities undertaken to further the Company's purposes for the public benefit**
The main areas of Charitable activities are the provision of vocational training (accredited & non accredited), vocational guidance and supported employment to people who have learning disabilities and/or associated physical, sensory and mental health needs. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future projects. Our main activities, who we try to help, and who used and benefited from our services are described below.
Ellingham has made significant developments in its in-house training strategies, which is assisting many people with disabilities to understand the complexities of the world of work, prior to placing them into valued and meaningful work experience. These programmes have been designed by the specialist staff teams to enhance their skills, provide confidence and equip the clients with a positive outlook and motivation, which will enable them to compete in an ever demanding and sometimes hostile world of work.
Page 5
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements and performance**
## **a. Key performance indicators**
- As part of the Finance & Development Team’s increased vigilance of finances & to ensure financial sustainability, reviews were undertaken as to whether long-term suppliers were offering value for money. Some changes have been made with significant financial savings, and other long-term service providers currently under review.
- As a result of the process of embedding the Ellingham values of Invested, Inclusive, Empowering, with all staff, a “Living Our Values” award was introduced at Christmas 2023. Members of staff were asked to nominate colleagues who they felt best demonstrated the values in their work, with Trustees selecting from the nominations. Trophies were awarded to the 3 winners at the Christmas event. Trustees have agreed to make this an annual award for the future.
- Service delivery in I Can Ventures remains via individual budgets and direct payments from the Local Authorities. Uplifts in unit cost, the first in several years, was readily agreed by some authorities, whilst others insisted on protracted case-by-case agreements. However, Trustees are pleased that eventually all were in place by the end of the financial period. It has been intimated that it is unlikely that a subsequent uplift will be negotiated during 2024-25.
- The new Supported Internship Programme negotiated with Hackney has gone from strength to strength with increased numbers of clients, although several had higher support needs. In previous years, young people undertaking this programme would have been supported in their work placements/employment outcomes via Access to Work, with support staff being recruited specific to the support needs of the individual young person. Unfortunately, on-going delays (up to 18 weeks in some cases) in assessment within this DWP department meant that rather than the young person lose their placement, Ellingham has secured support from external support agencies. Whilst this ensures that the placement can go ahead in line with the young person and employer’s timeline, the individually tailored support must be built into daily operational needs.
- As a result of partnership working, I Can Ventures has now become a recognised provider by London Borough of Hackney to provide day opportunities services to its clients with more complex needs.
- As reported in 2018, Working Links, the Prime Contractor for Work Choice went into Administration in February 2019 with debts of £28,591 owing to Ellingham. Following a review of the report issued by the company's liquidators, it is unlikely that any further payments will be received. Therefore, this debt has been written off in the year. There is no effect on the funds for the year as this had historically been provided for in full.
- Reserve levels are at their highest for about 10 years. Whilst this is in part due to tight financial management, Ellingham’s staffing levels have been recovering since the COVID-19 pandemic when numbers were reduced significantly with the decreasing client attendance.
Page 6
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements and performance (continued)**
## **b. Review of activities**
Ellingham is in the fortunate position in that despite being a charity it does not rely on fundraising for income, instead it is funded through contracts.
Trustees continue to recognise that Ellingham’s greatest asset is its staff. Staffing levels were reduced during Covid period due to diminished service delivery, and Trustees ensured the continuation of support given to the whole staff team during that difficult time. The Board also recognised the additional stress put on staff through the on-going national cost of living crisis. As a result, the Board instructed that all staff receive an overall 10% salary increase to bring rates of pay in line with higher market trends.
Ellingham’s programmes during 23/24 included:
**I Can Ventures** – amongst those clients returning to day services in ICV, there was a continuing high level of well-being additional needs. The changes to the programme schedule within our charitable aims has helped clients cope with their well-being challenges All clients took part in a range of celebrations throughout the year.
There has been an increase in the number of clients attending with higher support needs, but in these cases additional personalised support is agreed prior to commencement. Staffing roles were therefore changed to reflect this change in client programmes, once again reflecting the dedication to our clients’ welfare & needs, with the popular reintroduction of supported employment activities of woodwork and gardening. ICV has also expanded its Arts & Crafts activities by purchasing sessions through LBWF Adult Learning Services tutors. Articles made by clients were then sold at the fayres. The areas of referrals have increased to other boroughs including, as a result of the Supported Internship programme, ICV becoming included on the list of day opportunities providers for LB Hackney.
**Supported Internship** s – 23/24 saw clients attending the programme from Hackney, the programme was finally able to recruit attendees from LBWF, LB Redbridge & Barking & Dagenham, with enquiries coming from other local boroughs. As stated above, problems with Access to Work hampered the specialist support previously provided, but the use of specialist support agencies overcame this somewhat. Uniquely in the education field, recruitment to this programme is on a rolling basis to meet the needs of the clients, rather than on an annual basis.
**Access to Work** – Numbers are slowly increasing, but due to the pre-mentioned delays of several months within the DWP AtW department’s assessment process, despite Ellingham’s department receiving many potential customer referrals, the delays are not resulting in these being converted into actual support.
Page 7
## **ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements and performance (continued)**
## **c. Factors relevant to achieve objectives**
- Recruitment of new staff remains a challenge with many factors influencing the availability of good quality candidates. However, SMT are optimistic that the change management programme initiated with the values exercise will mean that Ellingham is employer of choice.
- In spite of the on-going concerns from the Board regarding long term financial security, Ellingham continues to be an effective service deliverer in the supported employment and vocational training field. The difficulty of this insecurity has meant planning and development of the Organisation has been down to minimal longevity to programmes. This is despite the Organisation having a wide range of contracts with a diverse group of Statutory funding bodies. There has been a lack of new opportunities for people with disabilities through major funding streams, as DWP.
The lack of longer term funding and financial resources has always been a particular weakness in the Trustees’ view of strategic planning and development of its services, its nature of being one of the more respected and experienced employment services in the Greater London region has encouraged funders to invest in its work, however, such conditions will need to be marketed in a totally different way if this level of funding is to be sustained.
## **d. Investment policy and performance**
The Board continue to strongly refuse any sums for deposit that have risk potential, as in stocks and shares and other volatile/risk-based funds and will continue to desist from speculating in such practices.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 8
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **b. Reserves policy**
It is agreed that Ellingham Employment Services will ring fence and hold reserves that will enable more accurate and prudent control of its resources. These reserves will be to cover the contingencies of:
- Safeguarding against anticipated and unanticipated fluctuations in income and expenditure
- Redundancy payments to staff
- Long term sick cover for staff
- Maternity payments and cover for staff
- Contingency account for unclaimed invoices from suppliers.
In addition, the Directors may decide from time to time to divert reserves to cover capital expenditure to facilitate the start of a new project, or to build up additional funds to cover a long-term capital project, such as refurbishment of buildings, such levels to be decided by the Board of Directors under the guidance of the Treasurer.
The Board will reserve amounts as it sees necessary in line with the Charity Commission’s recommendations of 3 months to 2 years operating costs as good financial practice. The amounts will vary, as dictated by external influences that decide the levels of income through funders and grant making authorities which are outside the control of the Board of Directors, although every effort must be made to ensure that levels do not fall below 3 months operating costs at any time. For the year 2023/24, it is anticipated that this sum will be in the region of £290,000. Based on the level of reserves, we are initiating a rolling programme of updating facilities & equipment at Ellingham’s sites to maximise environmental & economic sustainability, whilst ensuring premises provide clients with a welcoming facility appropriate to their needs. The level of debtors had increased from the previous year, despite best efforts to attain timely payment, but this is due to increased turnover with a larger number of clients using the service.
Reserves will be invested to earn the best interest, yet with reasonable access to funds, the interest being added to increase the capital thereby adding to reserves. Levels of reserves will be reported to the Board of Directors quarterly as part of the financial report.
These actions will empower the Board of Directors to exercise its authority to ensure the continuation of the financial security of the organisation, through its Instruments of the Memorandum and Articles of Association.
Page 9
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **c. Principal funding**
Due to the extensive range of services that Ellingham offers to enhance the skills of the clients it serves, Ellingham has a wide range of funding streams to finances these services.
- Individual budgets
- Contracts with local authorities
- DWP (Access to Work)
- Local authority education departments
For financial prudence, all areas are self-financing, with management/governance costs proportioned to each department to finance such areas.
## **Structure, governance and management**
All Trustees now have designated roles and will be working with Senior staff in these roles for the future development of services & structure of Ellingham Employment Services. Trustee meetings continued via Zoom in addition to returning to face to face during 2023/24 working closely with Chief Executive and members of the Senior Management Team who have day-to-day management of the organisation.
## **a. Constitution**
The company is registered as a charitable company limited by guarantee and was set up by a Trust deed.
The company is constituted under a Trust deed and is a registered charity number 1010796.
The principal object of the charitable company is to relieve the need of people with learning and/or physical disabilities but not exclusively by the provision of accredited and/or vocational training, sheltered and supported work placements in the Greater London area.
In the event of the Company being wound up Members are required to contribute an amount not exceeding £1.
## **b. Methods of appointment or election of Trustees**
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Under the terms of the Memorandum and Articles of Association the Trustees are elected to serve on an annual basis after which they must be re-elected at the next Annual General Meeting.
Due to the work undertaken at Ellingham, its function is to support people who have a range of learning and associated physical and sensory disabilities into employment. The Trustees are recruited on their empathy and direct understanding of people with learning disabilities, and on the Board, are representatives from parents/carers to fulfil this role, in addition to those with professional experience in this field.
Page 10
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **(continued)**
## **c. Organisational structure and decision-making policies**
All Trustees carried out their duties well, working the senior staff to implement statutory requirements to ensure a quality service to our clients.
The structure of the day-to-day responsibility for the provision of the charity's services resting with all members of the Senior Management Team, who also have responsibility for ensuring the respective areas of their departments operate in accordance with Team goals/targets is working exceedingly well. This, together with individual supervision and annual staff appraisal of the staff team and also ensuring that the team continue to develop their skills and working practices in line with up-to-date training and knowledge, whilst working jointly and collaboratively on common issues and developments.
The Board of Trustees are extremely delighted that Helen Gore continues as Chief Executive with full responsibility for the management of Ellingham and oversight & management of the Senior Management Team. She leads by example in her dedication and commitment to Ellingham and its clients.
The Chief Executive remains an intermediary between the Trustees and the Senior staff in the organisation. Members of the Senior teams attend Trustees' meetings submitting written reports to discuss specific aspects of work or projects where Trustees may need further information.
## **d. Policies adopted for the induction and training of Trustees**
Most, if not all, of the Trustees are already familiar with the practical aspects of the working structures employed at Ellingham, either from their experiences within their own profession, or experience/expertise with other groups, with training in specific areas of Trustee responsibility being on offer throughout the year.
All new recruits to the Board attend a full induction training programme to introduce them to their roles & by meeting with the senior staff team to gain a better understanding of the work of Ellingham. As part of the Induction package the new recruit will also be given the latest edition of Ellingham’s Code Of Practice Of Trusteeship, which identifies Trustees' roles and responsibilities in running a charitable company. They are also provided, within this pack, with the latest documents from the Charity Commission in the appropriate areas of trusteeship. This Code is revised to reflect changes in governance when indicated from central government or the Charity Commission.
Trustees are encouraged, where practicable to attend seminars organised by the Charity Commission et al. to keep abreast of the latest changes in Government legislation. All Trustees are enrolled onto NVCO Trustee Training Programmes to assist with their professional development in their roles.
## **e. Pay policy for senior staff**
Currently Ellingham’s Board of Trustees have responsibility of ratifying all salary increases across the whole organisation, ensuring that Ellingham continues to be a London Living Wage organisation. Trustees working with CEO & Senior Manager, Finance, around budgets, were able to award a pay increase to all staff in 2023/24 of 10%, ensuring that the requirements of London Living Wage are met.
As a target for 2024/25 the Board have as a priority a review of the senior staff teams’ roles. Job descriptions, salary structure and incentives to ensure long-term continuity of a quality management team within the organisation.
Page 11
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **(continued)**
## **f. Risk management**
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Where appropriate, systems or procedures have been identified to mitigate the risks the charity faces. Funding being the most adherent risk to the Organisation has meant that a broader diversification of funding providers and matrixes allow for this risk to be minimised to an extent. As the organisation works with vulnerable people, all staff & Trustees undergo regular enhanced DBS checks.
Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects.
Procedures are in place to ensure compliance with Health and Safety of the charity's staff, clients and visitors to the charity's facilities. MoorePay continues as our external health and safety consultants, undertaking an annual review. SMT & Trustees are currently working through the Action Points of this review. All Ellingham’s premises also undergo annual fire/intruder alarm checks, Legionella check and electrical PAC testing to ensure the safety of clients and staff. These are all currently under review to ensure best competitive support to Ellingham’s needs.
Staff are updated with risk assessment awareness through regular training sessions either in house or externally run courses with external consultants.
Ellingham continues its membership of Peninsula Business Services to assist with Personnel and Employment Law Issues, by providing a 24-hour advice line in addition to providing training and sending regular updates and newsletters with regular reviews of all HR policies and procedures of the organisation. All staffing issues are administered in consultation with Peninsula. The Employee Assistance Programme remains available to all staff, offering confidential life management and personal support services to all employees and their families, thereby increasing the well-being aspect of staff.
Page 12
## **ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Plans for future periods**
- Expand day opportunities services for clients with more complex needs to enhance their choices.
- Expand range of supported internship programme across more referral agencies
- Continue to work in partnership to develop programmes for clients in particular need.
- Ensure appropriate levels of suitably qualified & dedicated staff to be able to deliver all programmes.
- Continue to offer all staff of Ellingham Employment Services appropriate support and well-being, so they can continue to provide the quality service to our clients.
- Ensure prudent financial management controls in 2024/25 to maintain reserve levels.
- To review senior management structure to ensure “future-proofing” of quality management of organisation.
- Ensure that Ellingham’s values permeate all aspects of our work.
- Prepare for the forthcoming Investors in People assessment in early 2024.
- Based on the level of reserves, and with suitable funding being secured from charitable agencies, to undertake a refurbishment of the front building in line with the access assessment undertaken during 2023/24.
- Continue to explore the re-branding of Ellingham Employment Services to a more modern image whilst maintaining its reputation of quality services to our clients.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 13
ELLINGHAM EMPLOYMENT SERVICES
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Disclosur8 of Information to auditors
Each of the persons who 8r8 Trustees at the time when this Trustees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's audilors are
unaware, and
that Trustee ha8 taken all the steps that ought to hav8 been taken as a Trustee in order to be aware of
any relevant audit information and to establish that th8 charltable company's auditors are aware of that
information.
Audltor8
The auditors. Haslers, have 5ndScated their willingness to continue in office. The de8ignated Trustees will propose
a motion reappointing the auditors at a meeting of the Trustees.
Approved
by
I I September 2024
ord8r
of
the
members
of
the
board
of
and signed on their behalf by..
Trustees
on
C Balley
(Chair of Trustees)
Page 14
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLINGHAM EMPLOYMENT SERVICES**
## **Opinion**
We have audited the financial statements of Ellingham Employment Services (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 15
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLINGHAM EMPLOYMENT SERVICES (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 16
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLINGHAM EMPLOYMENT SERVICES (CONTINUED)**
## **Auditors' responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Procedures performed to address these were as follows:
• Identifying and assessing the design effectiveness of controls that management have in place to prevent and detect fraud. This included corroboration by review of Board Minutes and review of correspondence with relevant bodies;
• Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
• Undertaking testing designed to test the controls in place within the procurement system including access and controls in relation to banking; and,
• Identifying and testing journal entries, in particular any unusual journal entries posted around the year-end and journal entries posted by infrequent system users.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Page 17
ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLINGHAM EMPLOYMENT SERVICES (CONTINUED)
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Hasies id a
Haslers
Chartered Accountants Statutory Auditor Old Station Road Loughton Essex 1IG10 4PL
11 September 2024
Haslers are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 18
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
4
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net income**
Transfers between funds
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**1,620**
**-**
**-**
**-**
**1,620**
**-**
**1,620**
**1,620**
**-**
**(67)**
**(67)**
**2,532**
**(67)**
**2,465**|**Unrestricted**
**funds**
**2024**
**£**
**4,485**
**1,260,613**
**29,094**
**5,781**
**1,299,973**
**9,281**
**1,142,849**
**1,152,130**
**147,843**
**67**
**147,910**
**407,832**
**147,910**
**555,742**|**Total**
**funds**
**2024**
**£**
**6,105**
**1,260,613**
**29,094**
**5,781**
**1,301,593**
**9,281**
**1,144,469**
**1,153,750**
**147,843**
**-**
**147,843**
**410,364**
**147,843**
**558,207**|_Total_
_funds_
_2023_
_£_
_6,314_
_1,069,540_
_31,913_
_721_|
|---|---|---|---|---|
|||||_1,108,488_|
|||||_10,272_
_1,044,172_|
|||||_1,054,444_|
|||||_54,044_
_-_|
|||||_54,044_|
|||||_356,320_
_54,044_|
|||||_410,364_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 22 to 37 form part of these financial statements.
Page 19
## **ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee) REGISTERED NUMBER: 01984355**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**151,884**
**626,939**
**778,823**
**(231,888)**|**2024**
**£**
**11,272**
**11,272**
**546,935**
**558,207**
**558,207**
**558,207**
**2,465**
**555,742**
**558,207**|_131,702_
_429,908_
_561,610_
_(160,728)_|_2023_
_£_
_9,482_|
|---|---|---|---|---|
|||||_9,482_
_400,882_|
|||||_410,364_|
|||||_410,364_|
||||||
|||||_410,364_|
|||||_2,532_
_407,832_|
||||||
|||||_410,364_|
Page 20
ELLINGHAM EMPLOYMENT SERVICES
IA Company Limited by Guarantee)
REGISTERED NUMBER: 01984355
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The entity was entitled to exemption from audit under sedion 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charlties Act 2011.
The TTUStees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of fiiiancial ststements.
The flnancial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for
issue
by the Trustees on
and signed on Iheir behalf by..
I I September 2024
air of Trustees)
The notes on pages 22 to 37 form part of these financial staternents.
Page 21
## **ELLINGHAM EMPLOYMENT SERVICES**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Ellingham Employment Services meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Not all VAT is recoverable and where this is the case, the VAT which is irrecoverable is recorded within expenditure. Adjustments to VAT under the partial exemption scheme is recorded within the expenditure of the unrestricted fund.
## **1.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 22
## **ELLINGHAM EMPLOYMENT SERVICES**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies (continued)**
## **1.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following bases:
|Short-term leasehold property|- fully depreciated|
|---|---|
|Fixtures and fittings|- 20%|
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 23
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. Accounting policies (continued)**
## **1.9 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.10 Pensions**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **1.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company 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 donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 24
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **2. Income from donations and legacies**
|Donations
Grants
Donations
**Income from charitable activities**
Personalised budget client
London boroughs
Support work
Supported internships|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
-
4,485
1,620
-
1,620
4,485
_Unrestricted_
_funds_
_2023_
_£_
_6,314_
**Unrestricted**
**funds**
**2024**
**£**
629,982
161,955
255,058
213,618
1,260,613|**Total**
**funds**
**2024**
**£**
**4,485**
**1,620**|
|---|---|---|
|||**6,105**|
|||_Total_
_funds_
_2023_
_£_
_6,314_|
|||**Total**
**funds**
**2024**
**£**
**629,982**
**161,955**
**255,058**
**213,618**|
|||**1,260,613**|
## **3. Income from charitable activities**
Page 25
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**3.**
**Income from charitable activities (continued)**
_Unrestricted_
_funds_
_2023_
_£_
Personalised budget client
_560,615_
London boroughs
_107,592_
Support work
_188,918_
Supported internships
_212,415_
_1,069,540_
**4.**
**Investment income**
**Unrestricted**
**funds**
**2024**
**£**
Interest receivable
5,781
_Unrestricted_
_funds_
_2023_
_£_
Interest receivable
_721_
**5.**
**Analysis of expenditure by activities**
**Activities**
**undertaken**
**directly**
**2024**
**Support**
**costs**
**2024**
**£**
**£**
Direct costs
879,555
264,914|_Total_
_funds_
_2023_
_£_
_560,615_
_107,592_
_188,918_
_212,415_|
|---|---|
||_1,069,540_|
||**Total**
**funds**
**2024**
**£**
**5,781**|
||_Total_
_funds_
_2023_
_£_
_721_|
||**Total**
**funds**
**2024**
**£**
**1,144,469**|
Page 26
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **5. Analysis of expenditure by activities (continued)**
||_Activities_|||
|---|---|---|---|
||_undertaken_|_Support_|_Total_|
||_directly_|_costs_|_funds_|
||_2023_|_2023_|_2023_|
||_£_|_£_|_£_|
|Direct costs|_767,957_|_276,215_|_1,044,172_|
## **Analysis of direct costs**
|Staff costs
Agency staff costs
Travel and subsistence
Recruitment
Staff training
Rent
Rates
Light and heat
Cleaning
Repairs and maintenance
Printing, postage and stationery
Telephone and internet
Sundry expenses
Equipment and materials|**Activities**
**2024**
**£**
759,120
58,863
1,186
1,490
587
28,214
1,495
10,098
3,149
9,093
1,624
1,087
(99)
3,648
879,555|**Total**
**funds**
**2024**
**£**
**759,120**
**58,863**
**1,186**
**1,490**
**587**
**28,214**
**1,495**
**10,098**
**3,149**
**9,093**
**1,624**
**1,087**
**(99)**
**3,648**|
|---|---|---|
|||**879,555**|
Page 27
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Agency staff costs
Motor expenses
Travel and subsistence
Recruitment
Qualification costs
Staff training
Rent
Rates
Light and heat
Cleaning
Repairs and maintenance
Printing, postage and stationery
Entertainment
Telephone and internet
Sundry expenses
Equipment and materials|_Activities_
_2023_
_£_
_648,664_
_62,938_
_86_
_537_
_359_
_842_
_102_
_28,214_
_948_
_8,607_
_2,953_
_4,102_
_2,040_
_187_
_1,021_
_1,675_
_4,682_
_767,957_|_Total_
_funds_
_2023_
_£_
_648,664_
_62,938_
_86_
_537_
_359_
_842_
_102_
_28,214_
_948_
_8,607_
_2,953_
_4,102_
_2,040_
_187_
_1,021_
_1,675_
_4,682_|
|---|---|---|
|||_767,957_|
Page 28
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Travel and subsistence
Staff training
Staff Welfare
Rent and rates
Light and heat
Cleaning
Repairs and maintenance
Insurance
Printing, postage and stationery
Telephone and internet
Sundry expenses
Equipment and materials
Grant expenditure
Auditors' remuneration
Legal and professional
Bank charges
Hospitality
Consultancy fees
Subscriptions
Storage costs
Bad debts
Irrecoverable VAT|**Activities**
**2024**
**£**
158,825
2,159
533
166
777
8,096
3,053
1,605
933
10,129
938
25,161
674
813
1,620
10,350
13,987
231
466
1,553
3,862
2,575
(8,627)
25,035
264,914|**Total**
**funds**
**2024**
**£**
**158,825**
**2,159**
**533**
**166**
**777**
**8,096**
**3,053**
**1,605**
**933**
**10,129**
**938**
**25,161**
**674**
**813**
**1,620**
**10,350**
**13,987**
**231**
**466**
**1,553**
**3,862**
**2,575**
**(8,627)**
**25,035**
**264,914**|
|---|---|---|
Page 29
**(A Company Limited by Guarantee)**
## **ELLINGHAM EMPLOYMENT SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **5. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Staff costs
Depreciation
Motor expenses
Travel and subsistence
Staff training
Rent and rates
Light and heat
Cleaning
Repairs and maintenance
Insurance
Printing, postage and stationery
Telephone and internet
Sundry expenses
Equipment and materials
Auditors' remuneration
Legal and professional
Bank charges
Hospitality
Subscriptions
(Profit)/loss on disposal
Storage costs
Bad debts
Irrecoverable VAT
**Auditors' remuneration**
Fees payable to the Company's auditor for the audit of the Company's
annual accounts|_Activities_
_2023_
_£_
_140,425_
_1,410_
_154_
_297_
_680_
_7,313_
_1,749_
_1,463_
_1,024_
_16,299_
_766_
_22,588_
_3,154_
_1,433_
_9,950_
_9,342_
_259_
_255_
_4,422_
_(177)_
_1,201_
_9,096_
_43,112_
_276,215_
**2024**
**£**
**10,350**|_Total_
_funds_
_2023_
_£_
_140,425_
_1,410_
_154_
_297_
_680_
_7,313_
_1,749_
_1,463_
_1,024_
_16,299_
_766_
_22,588_
_3,154_
_1,433_
_9,950_
_9,342_
_259_
_255_
_4,422_
_(177)_
_1,201_
_9,096_
_43,112_
_276,215_
_2023_
_£_
_9,950_|
|---|---|---|
**6. Auditors' remuneration**
Page 30
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**841,468**
**63,211**
**13,266**
**917,945**|_2023_
_£_
_719,217_
_54,149_
_15,723_|
|---|---|---|
||||
|||_789,089_|
The total amount of redundancy payments during the year was £NIL (2023: £7,830) which includes payment in lieu.
The average number of persons employed by the Company during the year was as follows:
|Directors
Management
Admin
ICV Support Staff
ATW Support Worker
Job Coach
Cleaner
Co-ordinators|**2024**
**No.**
**5**
**4**
**2**
**20**
**11**
**2**
**1**
**2**
**47**|_2023_
_No._
_5_
_4_
_2_
_20_
_10_
_2_
_1_
_2_|
|---|---|---|
||||
|||_46_|
No employee received remuneration amounting to more than £60,000 in either year.
Total remuneration including employee benefits paid to key management personnel during the year was £180,364 (2023: £167,518).
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 March 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
Page 31
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**10.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**Short-term**
**leasehold**
**property**
**£**
**145,317**
**-**
**145,317**
**145,317**
**-**
**145,317**
**-**
_-_|**Fixtures and**
**fittings**
**£**
**24,168**
**3,949**
**28,117**
**14,686**
**2,159**
**16,845**
**11,272**
_9,482_
**2024**
**£**
**84,716**
**771**
**66,397**
**151,884**|**Total**
**£**
**169,485**
**3,949**|
|---|---|---|---|
||||**173,434**|
||||**160,003**
**2,159**|
||||**162,162**|
||||**11,272**|
||||_9,482_|
||||_2023_
_£_
_56,270_
_950_
_74,482_
_131,702_|
Page 32
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **11. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income|**2024**
**£**
**20,475**
**33,175**
**3,335**
**49,439**
**125,464**
**231,888**|_2023_
_£_
_10,021_
_17,284_
_159_
_-_
_133,264_|
|---|---|---|
||||
|||_160,728_|
Page 33
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **12. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
David Solomon Grant
LBWF Infection Control
Access Audit Grant
**Total of funds**|**Balance at 1**
**April 2023**
**£**
**407,832**
**67**
**2,465**
**-**
**2,532**
**410,364**|**Income**
**£**
**1,299,973**
**-**
**-**
**1,620**
**1,620**
**1,301,593**|**Expenditure**
**£**
**(1,152,130)**
**-**
**-**
**(1,620)**
**(1,620)**
**(1,153,750)**|**Transfers**
**in/out**
**£**
**67**
**(67)**
**-**
**-**
**(67)**
**-**|**Balance at**
**31 March**
**2024**
**£**
**555,742**|
|---|---|---|---|---|---|
||||||**-**
**2,465**
**-**|
||||||**2,465**|
||||||**558,207**|
## **Restricted Funds**
The David Soloman Grant was a donation received to be used for the I Can Ventures project.
LBWF Infection Control Grant: This is in respect to funds received from Waltham Forest to support staff costs of receiving regular Covid 19 testing and travel to and from work to maintain infection control.
The Access Audit Grant was provided from City Bridge Trust to carry out an audit to inspect the accessability of the building for their disabled clients.
## **Unrestricted Funds**
General funds represent the "free reserves" of the charity for its unrestricted use in connection with its overall charitable objectives.
Page 34
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **12. Statement of funds (continued) Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
David Solomon Grant
LBWF Infection Control
**Total of funds**|_Balance at_
_1 April 2022_
_£_
_353,788_
_67_
_2,465_
_2,532_
_356,320_|_Income_
_£_
_1,108,488_
_-_
_-_
_-_
_1,108,488_|_Expenditure_
_£_
_(1,054,444)_
_-_
_-_
_-_
_(1,054,444)_|_Balance at_
_31 March_
_2023_
_£_
_407,832_|
|---|---|---|---|---|
|||||_67_
_2,465_|
|||||_2,532_|
|||||_410,364_|
## **13. Summary of funds Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**April 2023**
**£**
**407,832**
**2,532**
**410,364**|**Income**
**£**
**1,299,973**
**1,620**
**1,301,593**|**Expenditure**
**£**
**(1,152,130)**
**(1,620)**
**(1,153,750)**|**Transfers**
**in/out**
**£**
**67**
**(67)**
**-**|**Balance at**
**31 March**
**2024**
**£**
**555,742**
**2,465**|
|---|---|---|---|---|---|
||||||**558,207**|
Page 35
## **ELLINGHAM EMPLOYMENT SERVICES**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **13. Summary of funds (continued) Summary of funds - prior year**
|||||_Balance at_|
|---|---|---|---|---|
||_Balance at_|||_31 March_|
||_1 April 2022_|_Income_|_Expenditure_|_2023_|
||_£_|_£_|_£_|_£_|
|General funds|_353,788_|_1,108,488_|_(1,054,444)_|_407,832_|
|Restricted funds|_2,532_|_-_|_-_|_2,532_|
||_356,320_|_1,108,488_|_(1,054,444)_|_410,364_|
|**Analysis of net assets between funds**|||||
|**Analysis of net assets between funds**|**- current period**||||
|||**Restricted**|**Unrestricted**|**Total**|
|||**funds**|**funds**|**funds**|
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
|Tangible fixed assets||-|11,272|**11,272**|
|Current assets||2,465|776,358|**778,823**|
|Creditors due within one year||-|(231,888)|**(231,888)**|
|**Total**||2,465|555,742|**558,207**|
|**Analysis of net assets between funds**|**- prior period**||||
|||_Restricted_|_Unrestricted_|_Total_|
|||_funds_|_funds_|_funds_|
|||_2023_|_2023_|_2023_|
|||_£_|_£_|_£_|
|Tangible fixed assets||_-_|_9,482_|_9,482_|
|Current assets||_2,532_|_559,078_|_561,610_|
|Creditors due within one year||_-_|_(160,728)_|_(160,728)_|
|**Total**||_2,532_|_407,832_|_410,364_|
## **14. Analysis of net assets between funds**
Page 36
## **ELLINGHAM EMPLOYMENT SERVICES (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **15. Contingent liabilities**
In 1998 the charity received a restricted grant of £150,000 from National Lottery Charities Board in order to build and set up a training centre. The conditions of the grants stipulated that such assets shall not be disposed of without prior written consent of the National Lottery Charities Board and, that they shall not be used for any other financial purpose. This restriction applies for 80 years from the date of acquisition, and expires in the year 2078. If the charity does not comply with these conditions, the grant received will have to be repaid.
We are aware that there is a potential clawback of funding in relation to the work choice income stream. However, at this stage this amount has not been quantified or accepted by the Charity.
## **16. Pension commitments**
The charity operates a defined contribution scheme whose assets are held independently and administered separately from those of the charity. During the year, the cost was £13,266 (2023: £15,723). Contributions totalling £3,335 (2023: £159) were payable to the fund at the balance sheet date and are included in creditors. The charity has a commitment in respect of the capital repayment of pension contributions being paid by the London Borough of Waltham Forest of £24,450 (2023: £24,450) due as at year-end.
## **17. Operating lease commitments**
At 31 March 2024 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years|**2024**
**£**
**35,268**
**141,072**
**226,303**
**402,643**|_2023_
_£_
_35,268_
_141,072_
_261,571_|
|---|---|---|
||||
|||_437,911_|
## **18. Related party transactions**
During the year the Amplified IT, a company in which a trustee is the director, provided the Charity with IT services. The total amount of services provided for the current year was £19,663 (2023: £14,294). At the year end there was a balance of £1,412 (2023: £Nil) owed at the year end.
Page 37