REGIsTED COMPANY NUMBER: 02772286 (England and Wales) REGISTERED CHARITI NUMBER:1016182 REPORT OF THE TRUSfEE5 AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR IDEAS PW5 mar. Cuttle & Co Chartered Accountants Aquarlum, Sulte 7b 101 lower Anthor Street CHELMSFORD E55ex CM2 OAU
IDEAS PLUS COPlfENTS OF THE FINANCIAL sfATEMENTS For the year ended 31 March 2024 Page Report of the Trustees Ito7 Report of the Independent AudltOVS statement of finanrial Aclivities 8tolO li Balance sheet 12 Cash Flow Statemert Notes to the Flnancial Statements 14to22 Detailed Statement of Flnancial A¢tlvltles 23
IDEAS PWS REPORT OF THE TRUSTEES for Year Ended 31 March 2024 IDEAS PLUS REPORT for the Year Ended 31 March 2024 The trustees who are also d1CtorS of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity ft)r the year ended 31 March 2024. The trustees have adopted the provisions of Accouming and Reporting by Chaiities: Statement of Recommended Prattice applicable to charlties preparing their accounts in accordance with the Flnancial Reporting Standard applicable inthe UK and Republicof Ireland (FRS 102) {effective l January 2019). Objectives and A¢ts"vities Objects of the charity: 'Ideas Plus is established to relieve need among and advance the education of disabled people by providing or assisting in the provision of vocational training, enabllng such people to acqui skllls, the p055ession of which will assist them to obtain emplownent or otherwise become self-supporting.. Our mission statement is: 'To support people with mental ill health to secure and retain employment in Essex and neighbouring counties,. In line wkth best practice, the service is now operating Wjthin a Social Model of Disability. The definition accepted by the board of trustees identlfies dlsabllity as= the loss or limitation of opportunities to take part in the mainstream of the communlty on an equal basis wlth others due to physical or social barriers. This includes people who have suffered or are suffering from mental ill health and who, while experiencing 5iEnificant barriers to employment. do not nesSarilY see themselves a5 disabled, but rather as disadvantaged in the labour market. Publlc benefit The work of the charity falls within the charitable purpose of: the rellef of those In need, because of youth, age, ill health, disability, financial hardship or other disadvantage. The work of the charlty benefiis those people in the area covered by the service who face barriers to employment and training because of their physical or mental impainnents. This is In line with our Objectives and Activities as listed below. Achlevement and Performance Objectives tor 2023-24 The charity and its stsff continued normal working practices with a blend of both office and community-based services. We continued to deliver the first of a 2-year extension on our Secondary service5 contract in Essex as well a5 ongoing delivery in West SuffDIk. As a result of taking on the IPS Prlmary Care contract alongslde Essex Partnership Universlty Trust, we launched an expanded IPS service across West and South Essex from October 2023. This meant an Increase in the size of the Leadership team with another three Team Lead role5 needed.
IDEAS PLUS REPORT OF THE TRUSTEES foryear Ended 31 March 2024 Indlvldual Placernent and Support {IPS)- polnts of Interest: This was the first full year where we had a structure of two Team Leads- one each for South and West. Whilst we had consistent leadership from the Board and Senior Leadership team. the increase in total staffing dld Involve the Team Leads in recruitment and support outslde of their normal focu5. The NHS Long Term Plan targets remain as a measure of comparable performance with our ECC commissioners. We had a sllght decrease in overall service user access, howe4er the b conversion rates had increased in both areas. South E55ex had a significant uplift. Closer management and support have enabled practice to be rnonitored re8ularfy wlth the Team Leads providing more dirett contact wlth their staff. Ernploy-Abnity (Artual). 224 Employ-Ablllty (Target) 774 Servlce users accessing the Servi (West) Service users accessing the seNlce1South) Job Converslon (West) Job Conver51on (South) 22.3%1up 0.3%) 23.2% (up 10.2%1 35% 35% Job retention UR) Job retention had been offered as a Servi to clients under the original IPS contrdct but it was always compettng for time with the core function of jobfindir¥. Its value as a resource to people experiencing mentsl ill health was acknowledged when Job Retention seNices were commissioned in Essex for the first time under the Transformation funding. The service has now embedded well in West and South Essex. With the new Primary Service, there was a concern that performance and access could be impacted due to both Services being able to accept referrals from Prlmary Care. We kept a single manager for the whole Retention Service offer across all the current contracts to ensure best practice was malntalned throughout. Targets were achleved at 146% af contract overall South I West (Actual) 456 South / West ITaryetl 313 ' Service users accessing , the servlce , Retslned outcomes (146%) 60%+ 83%
IDEAS PWS REPORT OF THE TRUSTEE5 for Year Ended 31 Marth 2024 Perfomiance vs NHS LTP target Performance over the year against the NHS Long Term Plan showed a largety strong performan althouEh these targets differ SiBnificantty from those in the core contract. Retentlon Tolal IPS + NHS LTP Retentlon tsrzrt yl 412 430 % achleved Servlce users receivin8 SUPPOrt (West) Service users receiving support (South) Totsb West & South 224 188 96% 396 268 664 527 126% 620 456 1076 957 112% IPS West Suffolk Our West Suffolk service continues to delrver well against tsrEet. Additional tesource was placed to support the Team Lead role at no cost to the charity through Service Development Funds. It allowed a greater focu5 on the management of staff and day to day operations, whilst under the leadershlp of the Team Lead. West Suffolk (Employ-Ability) 202312024 Referrals ArsS Target 261 Actthal Against Target % 99% 259 258 329 128% Total Job Starts l Outcomes People Supported into Work Previous Job Retalned 13 Week Sustainments 26 Week Sustalnments 90 103 114% 52 31 59 38
IDEAS PWS REPORT OF THE TRusfEES for Year Ended 31 March 2024 Prlmary Care work We have been able to undertake some initial work withln Prlmary Care setting5 as part of our Job RÈtention work, and looked to expand our remit further by the end of the year. Essex County Council submitted a bid lo the Department of Work and Pensions (DWP) to be one of the pilot areas trialling IPS with a broader range of disabled people. Whilst initially this was not SUCsSfUl, E55ex County Council were later offered the opportunity to take part and Employ-Ability, with our partners EPUT, commenced service dellvery In Ortober 2023 through a pilot until March 2025. Thls required a large increase in stsffing and recruitment requirements included the need for 12 Employment Specialists, 4 Employment Retention Specialists and 3 Team Lead roles. Further increases in staffing were needed in readiness for a doubling of resource by Aprll 2024. Our delivery covered West and South Essex {excludinE the unitary authorities). Points to note include., The delivery commenced In November (West Essex) and December {South Essex). New referral pathways were bein8 built with PCN networks. West Essex had a stronger stsrt due to headcount of staffing being in place earlier in the project. Retention outcomes have exceeded tsrgets across the contract IPS Primary Care Referrals Access (Target) (Target) 75 {51) 38 {361 43 {26) 33 {18) 641102) 20 (72) 72 (52) 39 (36} Job Outcomes {TarEet) 7{5) 2612) i (io) 2314) Area West IPS West Retention South IPS South Retentlon IPS- Youth The charity were awarded funds totalling £50,OCM) fmm Postcode Places Trust which were unrestricted and to be used in line with the charity's overall aims. After considering various option5. the decision was made to pilot an IPS Youth IIPS-Y) service. This would tsrget youn8 people {14+) experiencing severe mental illnes5 and help them re-en8a8e with employment, education and trdining. This will be the first IPS-Y service in our region and will cornrnence in West Essex. Wlth the rapid expansion of the IPS Primary Care in April 2024. we wlll launch this service in the Autumn of 2024.
IDEAS PLVS REPORT OF THE TRUSTEES for Year Ended 31 March 2024 FinAnclal Revlew Investrnent policy While interest rates remaln low. we have moved our deposits from Shawbrook Bank and Hampshire Trust Bank into the main Lbyds account. Reserves pollcy The trustees, policy on reserves remains unchanged and reflects the requirements for reserves in li8ht of the main risks to the organisation. A policy has been agreed that unrestricted funds not committed should be between 3 and 6 monthsof estimated annual expenditure.The reserves are needed to meet the worklng capital requiremenls of the charity to cover shortfalls or to rnanage a wind down of activity. Plans for the Future The charity will be focused on re-establishing some stability and a Sense of managed progression. We will look to secure the extension of the existing contracts and will review options for new directlon5 as opportunlties arise. More speclfically: . To prepare for ourfirst full Fldelity Review of our IPS service in Primary Care To recrult, deliver and monitor the impact of the IPS and Retention servlce for Primary Care To review our needs and explore Options foi an operdtional base in South Essex To modernise our website and develop a stronger Social media presence To lavnch a new IP>Y service for young people To prepare for recommissioning of the current IPS and Retention services STRUCTURE, GOVERNANCEAND MANAGEMENT Constitution The charity is constituted as a Company limsted by guardntee and was registered on the 9th Dernber 1992. The Company was re8i5tered as a Charity In January 1993. Ideas Plus operates under Articles of Association which specify that the orEanisation is set up to deliver service as detailed in the objects of the Memorandum of Assoclation. Recrultment and appolntrnent to the Management Committee Phil Edvrdrd5, Louise Gu and Debbie Salmon were confirmed in their posts as Chair. Treasurer and Company Secretsry respecti¥ety at the AGM. The current Board has a number of long serwing members and some more recent appointees. Organisotionalstrurture Ultimate responsibility for decisions on the running of the charlty Ile with the Board. Trustees then delegate day-to-day management of servlce delivery to a Head of Service. supported by an administration team and Team Leaders for the Ydrious delivery teams. The Boanl meet 6 weekly to discuss a report from the manager, review progress on our delivery of contracts and to make any deasions necessary. The Board also operntes a Human Resource subcommittee to review specific issue5 relating tQ Staffing. such as change5 to staffing structures and salary reviews.
IDEAS PWS REPORT OF THE TRUSTEES for Year Ended 31 Marth 2024 Risk Management Business continuity plans were carried out to ensure that all key ser4ices and elements could functlon. Increased stsffinE ha5 meant a large rise in monthly payroll. Specific processe5 were put in place to ensure we have sufficient funds at all times. The 3+2 year has now entered into the second year of the extenslon period alongside our partners E55ex Partnership Universlty Foundation Trust IEPUT). Focus will be around the future recommi55ionin8 and any extenslon frorn the Primary IPS pilot. REFERENCE AND ADMIN15fRATIVE DETAILS Reiistered Company number 02772286 (England and Wales) Reglstered Charlty number 1016182 Registered offi ila Employ-Ablllty Latton Bush Centre Southern Way Harlow Essex CM18 7BL Trustees Philip Edwards- Chair Loulse Gu-Tre05urer Jeffrey AttrId Leigh Dinernuro Timothy James Page Karen Bayliss Mark Anthony Samuel Dale Kenneth Day Company Secretary Debra Susan Salmon Audltors Mayor Cuttle & Co. Suite 7b Aquarium 101 lower Anchor Street Chelmsford CM2 OAU Bankers Lloyds TSB East Gate Harlow PO Box 1000 BXI ILT MaTra8er Darren Connew
IDEAS PLUS REPORT OF THE TRUSTEES for Year Ended 31 Marth 2024 STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustee5 are responsible for pparIng the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounttng Standards {United lfjngdom Generally Accepted Accounting Pr3ctice) including Financial Reporting Stsndard 102 "The Financial Reporting standard applicable in the UK and Republlc of Ireland" Company law requirès the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including Ihe income and expenditure, of the charitsble company for thai period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently: . observe the methods and principles in the Charity SORP: _ make Judgements and estimates that are reasonable and prudent: . state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The tTU5tees are responsible for keeplng proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply wlth the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware." there is no relevant audit information of which the charitsble company's auditors awe unaware; and- the Irustees have taken all steps thattheyought to have tsken to makethemselves aware of any relevant audii information and to establlsh that the auditors are aware of that Information. AUDITORS The auditors, Mayor. Cuttle & Co, were reappointed at the Annual General Meeting on 13 September 2024. Approved by order of Ihe board of trustees on 13 September and slgned on its behalf by: . Philip Edwards
IDEAS PWS REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF IDEAS PWS for Year Ended 31 March 2024 Oplnlon We have audited the financial statements of Ideas Plus (the 'charitable compan) for the yeai ended 31 March 2024 whlch comprise the Statement of Financial Activitle5, the Balan SheeL the Cash Mow Statement and notes to the financial ststements. including a summary of si8nificant accounting polides. The financial reporting framework that has been applied in their preparation is applicable law and United ingdOM AccountinE Standards Iunlted Kingdom Generally Accepted Accounting Prartice), Indudlng Flnancial Reporting Stsndard 102 'the Financlal Reportlng Stsndard appllcable in the UK and Republic ol Ireland,. In our opinion the financial statements: Give a true and fair view of the state of the Charitab comparry's affairs as at 31 March 2024 and of its incoming resources and appllcatioft of $our. indudsng its incorne and expendtture. for the year ended. Have been properly prepared in accordance with Unite(J Kln8dom Generally Accepled Accounting Prartlce, Includin8 Finandal Reporting Slandard 102'The Flnandal Reporting Standard appllcable In the UK and Republlc of Ireland,: and Have been prepared in actordance with the requirements of Companies Act 2006. Basls for oplnlon We conducted our audit in accordan with Internat5onal Standards on Auditing. IUK) {ISAsJ IUKI and appllcable law. Our responsibllities under those standards are further described in the Auditors, responslbllits"e5 for the audit of the financial statements sectlon of our report. We are independent of the charitsble company In accordance with the ethical requlrements that are relevant to our au(fit of the financial statements in the UK. including the FRC'5 Ethical Standard and the provi5i0n5 awdilable for small entities, in the circumstances set out In the notes to the Financial Statements. and we have fulfilled our other ethical responsibilities in accordance Wbth these requirements. We believe Ihat the audit evidence we have obtairbed is sufficient and approprlate to provide a basls for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the tmstee5' use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any materlal uncertainties relatinE to events or conditlons that, indNidually or collectively. may cast significant doubt on the charitsble company'5 ability to continue a5 a going tt)ncern for a period of at least twelve months fwom when the finanaal statements are authorised for Issue. Our responsibilities and the responslbilttles of the trustees with respect to going concern are de5CTlbed in the relevant sections of this reporL Other irrfoimation The trustees are responslble for the other Inforniatlon. The other Informatlon comprlses the Information Included In the Trustee5' Annual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our oplnlon on the financial aternentS does not covertheother information and. except to the extent otherwise explldtly stated In our report. we do not expre5S any forni of assurance conclusion thereon. In connection with our audit of the financiol statements, our responsibility is to read the othef inf¢rMaon and, in dolng so, considei whether the other Information is materially consistent V4ith Ihe linancial statements or our knowledge obiained in the audit or otherwise appears lo be materially mi55tsted. If we identify such rnaterial incon515tencies or apparent material misstatements we are required to determine whether thi5 give5 rise to a materlal mlsstaternent in the financ1 statements themselves. If based on the work we have performed, we conclude that tt)ere is a material misslaternent of thi5 information. we are requlred to report that fact. We have nothSng to report in this regard.
IDEAS PLUS REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF IDEAS PWS for Year Ended 31 March 2024 Oplnlons on other matter5 prescrfbed by the Companles Art 21WJ6 In Dur opinion, based on the work undertaken In Ihe course of the audit.- The Infomiation Eiven in the Report of the Trustee5 for the financial year (which indude5 the directors reportl for which the financial Statements are prepared is conslstent wlth the finanaal 5taternents, and The Report of the Trustees has been prepared In accwdance wlth appllcable legal requlrements. Malters on whlch we are required to report by exceptlon Ir) the118ht of the knowledge and understanding of the charltable company and its environment obtained In the course of the audlt. we have not identitied material misststements in the Rep)rt of the Trustees. We have nothing to report in respect of the followin8 matters where the Companie5 Art 2006 requires us to report to you if, in our opinion: Adequate accouniine records have not been kept or returns adequate ft)r our audlt have not been received from branches not visited by us: or The financial statements are not In agreement wlth the actountin8 retords and reiurns,. or Certain Dlsclosures of trustees. remuneration specified by law are Tt made; or We have not received all the information and explanations we require for our audit; or The trustees were not entitled to prepare the financial statements In accordance with the small companles, regime and tske adlontsge of the small companies. exemption from the requirement to prepare a Strategic Report in preparing ihe Report of the Trustee5. Responslbilities of trustees s explained more fvlly in the Statement of Trustees, Responslbllitles, the trustees (who are also the directors of the charrtable company for the purposes of company lawl are responsible for the preparation of the financial staternents and for being satisfied that ihey give a true and fair view. and for such internal control as the trustees determlnels Trecessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparlnB the financial statements. the trustees are re5ponslble for assessing Ihe tharltable company'5 ability to continue as a 80ing concern, dlsclosin& a5 applicable, matters related to going concern and using the going concem ba515 of accountlng unless the Iruslee5 either. Intend to Ilquldate ihe charltsble company or to cease operations, or have no rea115tlc alternattve but to do so. Our respohsibilities for the audit of the flnandal statements Ouf objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material rnis5tatement. whethel due to fraud or error. arKI io issue a Report of the Independent Audltors thal includes oui opinion. Reasonable a55urance is a high level of assurance but 15 not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a rnaterial rni5Staternent when il exists. Misstatements can arfse from fraud or error and are considered material If, individually Dr in the aggrete, they could reasonably be expected to infiuence the economic dedsions of users tsken on the basis of these financial statements. Irregularities, Includlng frdud are in5tance5 of non-c0mp1lan wlth laws & reeulations. We deslgn procedures in line with our responsibilities, outllned above to detert material mi55tatemenls In respect of irregLtlarities, including fraud. The exient to which our procedures are capable of deterting irregularities, including fTrud is detalled below:
IDEAS PWS REPORT OF THE INDEPENDEh1T AUDITORS TO THE MEMBERS OF IDEA5 PWS for Year Ended 31 March 2024 We obtained an understsndln8 of the legal and ulatory framewoTk5 that are applicable to the chartty and deteimined that the mosi 518nlflGinl are those covered by the Stalement of Recommended Practlce for Charities ISORP 20191 and the Charlttes Act 201L We assessed the rlsk of materfal rnlsststemenl In respect of fraud by rnakln8 enguiries of managemeni and trustees and by te5tlnE the Implernentatton of 8c¢ountin£ controls In place. Based on the results of our $kaSsessMent we deskned ouraudlt procedures to Idendfy non-compllance wlth 5uth law5 and regulafjons Identlfled above by makin8 enqulrles wlth W personnel and revlewlng relevant documentation such as mlnutes of ltustee meetky and rorrespondence wlth regulatory bodles. We con51dered the rlsk of fraud through Thanagement overrlde by IncorpoT3tion testlng of JDuinal entrles and revlewlne any requlrements to meet performano tar8et& We also consldued, and tested for. the possibllity rf unauthorlsed paymenis to related partfe Afurther descrlptlon pf our re5ponslbilitie5 for the dI1 of the financkl ststements is located OD ihe flnandal Repo8 councll's webslte ai Www_fio..oJ&.uklauditorsLQSOjL&s. Thls descrlptlon forms part of our Report of the Independent Av(fitOT& Use of our report Thjs report Is rnade 501ely to the ¢haiitsble comparfs members. as a body, In attordance with Chapter 3 of Part 16 tsf the Companles Act 200& Our audit work has been undenaltn $0 that we might State to the thoritible ompany's members those maiteTS WÈ are requlred to stale to them In the avditorg report and foi no other PUiPts5e. To Ihe fullest exlent permltted by law we do not accept or assume responslblllty to anyone other than the charltable company and the charliable compan$ rnembe as a body, lor our audit work, for thTs report, or for the oplnlons we have fomied. Stephen Wllliam Evan5 FCA Isenior Statutory Aud5tor) For and on behalfof Mayor, Cuttle & Co. Chartered Accuuntants Aquarlum, Sulte 7b 101 Lower Anrhor Street Chelmsford Essex CM2 OAU Date 10
IDEAS PLUS STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Restrlcted Funds Funds Total Funds Totsl Funds INCOME AND ENDOWMENTS FROM Donations and LeEacies Charitable artivitles Investments 50.180 50.180 1,201,116 365 1.201,116 1,087,070 471 365 TOTAL 50,545 1,201,116 1,251.661 1,087,541 EXPENDITURE ON Charltable artlvllles 23,647 1,059,045 1,082,692 959,034 NEf INCOME/(FXPENDITURE) 26,898 142,071 168,969 128.507 TRANSFERS BETWEEN FUNDS 14 NET MOVEMENT IN FUNDS 26,898 142,071 168,969 128,507 RECONCILIATION OF FUNDS Total funds brought forward 62,334 641.462 703,796 575,289 TOTAL FUNDS CARRIED FORWARD 89.232 783,533 872,765 703,796 The notes form part ofthe5e finanu4 State[nts li
IDEAS PLUS BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 31.03.24 Total Funds 31.03.23 Unrestricted Notes Funds Restrlcted Funds Total Fund5 FIXED ASSErs Tangible assets li 23 155 179 238 CURRENT ASSETS Debtors Cash at bank and In hand 166,379 623.229 789,608 166,379 715,621 882,1XJO 3,485 706,659 710.144 92.392 92.392 CREDITORS Amounts falllng due within oneyear 13.183) 1 6.2311 19,414) 16,5861 NEf CURRENT ASSErs 89.209 783.377 872,586 703,558 TOTAL ASSETS LESS CURRENT LIABIUTIES 89,209 783.377 872,586 703,796 NEf ASSErs 89,232 783532 872,765 703,796 FUNDS Unrestricted funds Restrirted fvnds 89,232 783,533 62,334 641,462 872,765 703,796 These financial Statements have been prepared in accordance with the provisions applicablE to charitable companie5 subject to the small companie5 regime. The financial Slatements were approved by the board of Trustees & authori5ed for issue on behalf by and Signed Phillp Edwards- Trustee The notu form part (rfthese thala[ 5tatemert 12
IDEA5 PLUS CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 MARCH 2024 31.03.24 31.03.23 Cash flows from operatlng actvities Cash generated from operations 8,597 116,295 Net cash provlded by operating activr¢ies 8,597 116.295 Cash flow5 from investing aclvltles Interest recelved 365 471 Net cash provlded by InvestSn8 activlties 365 471 Changes in cash and cash equlvalents in the operatln8 period Cash and cash equivalents atthe beginning of ihe reportlng perlod Cash and cash equivalents at the end of the reporting period 8,962 116,766 706,659 589,893 715.621 706,659 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING AcrivrTIES Net income for the reporting period (as per the Statement of Flnanclal Actlvltles) Adjustments for Depreciation charges Interest recelved Ilncrease)/Decrease in debtors IDecreasel/lncrease In credTrtors 168,969 128,507 59 (3651 (162,894) 2,828 79 1471) 3,485 115,305) Net cash provided by operations 8.597 116.295 ANALY51S OF CHANGES IN NEf FUNDS At 01.0424 Cashflow At 31.03.24 Cash at bank and in hand 706.659 8.962 715,621 The noles foxm part ofthesefinanclal ststwerrts 13
IDEAS PLU5 NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 I. ACCOUNTING POLICIES Ba515 of preparlng the financlal statements and assessment of £oing concern The fjnancial statements of the charitable company, which is a public benefft entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and ReportinE by Charities: Statement of Recommended Practice applicable to charitie5 PTeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffective l January 20191.. Financial Reporting Standard 102 Yhe Financial reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 21M)6. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material unrtaint*S about the charlS abllity to continue as a going concern. The financial statements are presented in sterling (£) Critical accountlng Judgements and key sources of estimation uncertainty In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts reco8nised in the financial Statements. The following judgements and estimates are considered by the trustees to have most SiEnifKant effect on arnounts recognlsed in Ihe financial statements. Useful econom1¢ Ilfe of tsnEible assets The annual depreciation charge for tangible assets Is sen5itNe to change5 in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement. future investments, economlc utilisation and the physical condition of the assets. Income All income is recognised in the Statement of financial Actlvities once the charity has entltlement to the funds. It is probable that the income will be reived. and the amount can be measured reliably. Expenditure Liabilities are recognised a5 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 obllgation can be measured reliab. Expenditure is accounted for on an accruals basis and has been classified under headi5 that aggregate all costs 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. 14
IDEAS PLUS NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2023 Allocatlon and apportionrnent of costs Costs are allocated according to the fund to whlch they apply on an Item by item basis where possible and overheads are allocated in accordance with the terms of restricted income. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated Useful life. Fixtures and fittings - 25% on cost. Computer equipment- 25% on cost. Taxatlon The charity is exempt from corporation tax on its charitable activities. Debtors Trade debtors are recognised at the settlement amount. Prepaymerbts are valued at the amount prepaid. Cash at bank and In hand Cash at bank and in hand includes current and deposit bank account. The chartty ha5 divided its balances across a number of financial institutions in order to mitigate risk. Credltors Creditors are recognised where the charity ha5 a present obligation resulting from a past event that wlll result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnated reliably. Credltors are recognised at their settlement. Flnanclal Instruments The charity only has financial assets and financ5al liabilities of a kind that qualify as basic financial in5trument5. Basic financial instrument5 are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured at amortised cost using the effective interest method. Fund Atcountlng Unrestricted funds can be used in accordance with the charitable objectives at the d5scretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund is induded in the note5 to the financial statements. Hire purchase and leaslng tommltments Rentals paid under operating leases are charged to the SL*ement of Flnancial Activltles on a straight-line basls over the perlod of the lease. Pension co$15 and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contrlbutions payable to the charitable companvs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 15
IDEAS PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2. DONATIONS AND LEGACIE5 31.03.24 31.03.23 Other Income 50,180 3. INVESTMENT INCOME 31.0324 31.03.23 Deposlt account interest 365 471 4. INCOME FROM CHARITABLE ACTIVITIES 31.03.24 31.03.23 Contrarts and grants 1,201,116 1.087.070 Grants included in the above as follows- 31.03.24 31.03.23 North Essex Partnership NHS Foundation Trust NEPNHSFT- Head5 Up projert DWP UK YOUTH Essex CC 1.187.312 968.169 110.869 2,377 135 5,520 13,804 1,201.116 1.087.070 5. CHARITABLE ACTIVITIES Support Costs (note 61 Direct Costs Tota15 Employment assistance 1.067.712 14,980 1,082.692 6. SUPPORT C05r5 Finance Governance costs Totals Employment assistance 266 14,714 14,980 16
IDEAS PLUS NOTE5 TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 7. NET INCOMEI(EXPENDITURE) Net income expenditure is stated after charging". 31.03.24 31.03.23 Auditors remunefation Depreciation - owned assets Other operating leases 3,120 59 8,463 2,970 107 7,907 8. TRUSTEES REMUNERATION AND BENEFITS There were no trustees remuneration ur other benefit5 for the year ended 31 March 2024 nor for the year ended 31 March 2023. The charity consider its key management personnel to comprise trustees and the general manager. Total remuneration to key personnel is £59051 excluding employers national insurance12023; £57,143) Trustees expenses During the year, key personnel received £20012023: £120) for mileage costs. this was for the delivery of contrarts and lialson with partnership or8anisation5. 9. STAFF COSTS 31.03.24 31.03.23 Wages and salaries Social security costs Other pension costs 866,191 73.423 28,171 967,785 777,018 64.291 24,028 865,337 The average monthly number of employees during the year was as follows.. All staff 33 28 No employees received in excess of £60,000. 17
IDEAS PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfNITIES Restrlcted Unrestrlrted Funds Funds Total Fund5 INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable activities Investments 50,180 50.180 1,201,116 365 1.201,116 365 70TAI 50,545 1.201,116 1,251.661 EXPENDITURE ON Charitable activities 23,647 1.059,045 1,082.692 NET INCOMEI(EXPENDITURE) 26,898 142,071 168.969 RECONCIUATION OF FUNOS Total funds brought forward 62.334 641,462 703.796 TOTAL FUNDS CARRIED FORWARD 89.232 783,533 872,765 11. TANGIBLE FIXED ASSErs Fixtures & Fittings Computer Equipment Totals COST At l April 2023 and 31 March 2024 3,118 5.976 9,094 DEPRECIATION At l April 2023 Charge for year At 31 March 2024 3,118 5,738 59 5.797 8,856 59 8.915 3.118 NEf BOOK VALUE At 31 March 2024 179 179 At 31 March 2023 238 238 18
IDEAS PLUS NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. DEBTORS: AMOUNT5 FALUNG DUE WIThIN ONE YEAR 31.0324 31.03.23 Trade debtors 166,379 3,485 13. CREDITOR5AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.03.24 31.03.23 Trade creditor5 Accrued expenses 6,294 3,120 9.414 3,586 6,586 14. MOVEMENT IN FUNDS At 1.4.23 Net movement Al 31.3.24 Unrestricted funds General fund Designated fund 284 62,050 26,898 27,182 62,050 62.334 26.898 89.232 Restricted funds Employment Support Heads UP Employment Retention Kickslart UK Youth Multiply Ipspc 540,783 31.786 65.950 1,683 1.722 (462) 65,014 {367} 25.762 605,797 31,419 91,712 1.683 1,722 {5761 51.775 {114} 51.775 641.462 142.070 783.532 Total Funds 703,796 168,968 872,764 Included In the net movement is a transfer from restricted funds to unrestricted funds to cover the costs of running the charity included in unrestricted funds continued 19
IDEAS PLUS NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. MOVEMENT IN FUNDS- continued Net movement in funds, induded in the above asfollows: Incoming Resources resources expended Movement in funds Transfer Unrestricted funds General fund 50.545 {23,647) 26.898 Restricted funds Employment Support Heads Up Employment Retsntion Multip]y Ipspc 733,539 {668,525) 1367} {196,605) {114) (186,735) {1,052.346) {1,075.993} 65,014 (367) 25,762 (114) 51,775 142,070 168,968 222.367 238.510 1,194,416 1,244,961 Comparatives for movement in funds At 1.4.22 Net movement At 31.3.23 Unrestricted funds General fund Designated fund (9.121) 62,050 9.405 62.050 52.929 9,405 62.334 Restritted funds Employment Support Heads Up Ernployment Retention Kick5tart UK Youth Multiply 421.757 36,235 61,419 1,312 1.637 119,026 (4,449) 4,531 371 85 {4G2) 119,102 128,507 540,783 31.786 65.950 1,683 1,722 (462) 641,462 703.796 522,360 575,289 Total Funds continued 20
IDEAS PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. MOVEMENT IN FUNDS- cohtinued Net movement in funds, included in the above as follows: Intorning Resources resources expended Movement in funds Transfer Unrestrlcted funds General fund 4,671 (42,266) 47,000 9.405 Restrlcted funds Employment Support Heads Up Employment Retention Kickstart UK Youth Multiply 763.219 110.869 197,701 5,426 135 5,520 1,082,870 1.087,541 (608,003) (115,318) (182,360) 15,055) 150) 15,982) (916,768) 1959.034) I36,1) 119.026 (4,4491 4,531 371 85 1462) 119,102 128,507 (10,810) Employment Support: the charity's largest contrart won for the third tirne in 2015 and delivering supported employment services to clients With severe and enduring mental ill health In West and south Essex; delivered in partnership wlth Essex Unlversity Partnershlp Trust Heads Up: is a work readiness support programme for those with common mental health problems. who have been unemployed or economicalty inactive for 12 months or more and live in Essex. Head5 Up helps participants develop their self-confidence, resilience and emotional well-being through one-to-one sUPPOrt and interactive workshops, as well as helping them with the practical aspects of finding a Job such as brushing up on CV writing skills, assisting with looking for jobs and filling out application fornis. Employment Retention: A provision to support those whose jobs are at risk as a result of thelr111 health. Kickstart: The government'5 national pro8ramme that supported individuals back into work after the pandemic. UK Youth: We delivered a small-scale girls work project. It invofved supporttng a Eroup of young women that were identified as having early signs of poor mental health in order lo develop their self confidence and deliver a social action project. 15. Leases Operating Leases Total future minimum lease payments under non-cancellable operating leases are as follows: 31.03.24 31.03.23 Not later than one yeaT Later than one and not later than fNe years Later than fwe years 14,115 24.702 38.817 21
IDEAS PLUS NOTES TO THE FINANCIAL STATEMENTS FQR THE YEAR ENDED 31 MARCH 2023 16. RELATED PARTY D15CLOSURES There were no related party transaction5 foi the yeai ended 31 March 2024. 17. GUARANTEE STATUS The company is limlted by guarantee, whereby every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, while they are o member or within one year after they cease to be a member, such amounts a5 may be required not exceeding one pound. 22