2023-03-31-accounts - Wokingham Job Support Centre

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WOKINGHAM JOB SUPPORT CENTRE wjsc Wokingham Job Suppoil Centre Helping you find a job

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 ST MARCH 2023

Registered Charity Number: 1039801

WOKINGHAM JOB SUPPORT CENTRE

Address: The Cornerstone, Norreys Avenue WOKINGHAM Berks RG40 1UE

Bankers:

Lloyds TSB High Street BRACKNELL Berks RG12 1BT

Hampshire Trust Bank 55 Bishopsgate London EC2N 3AS

Independent Examiner:

David Lee FSA 14 Chestnut Avenue Wokingham Berks RG41 3HX

WOKINGHAM JOB SUPPORT CENTRE

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2023

The Trustees present their Report and Financial Statements for the Year ended 31[st] March 2023.

The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the Financial Statements and comply with the Charity’s governing document, the Charity’s Act 2011 and the 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[st] January 2015).

Objectives and Activities

The Charity aims to assist both those looking for a better job and also unemployed residents of the Wokingham and Bracknell Forest areas, to gain employment through the supervised provision of services and facilities not otherwise provided by the Employment Service.

Job seekers are offered a blend of support, including: assessment, coaching, advice, support on online applications, IT skills and skills workshops covering interviewing, writing CVs, use of social media and a specific workshop for the over 50 age group. Workshops are also provided to help and support clients who wish to set up their own business.

The Charity was set up because there is no Job Centre in the Wokingham Borough, a Unitary Authority currently with circa 171,000 inhabitants with an expected population of over 192,000 by 2040. An important element of the Charity’s activities is to give job seekers time to talk about their issues, to build their self-confidence and to boost their morale.

The Trustees are responsible both for overseeing the strategic direction of the Charity and for the management of the organisation and trained volunteers who provide the interface with the clients. Administrative office work is performed by paid part-time employees. Trustees and volunteers are not remunerated for their work; they are however, entitled to reimbursement of expenses incurred when undertaking Charity business.

Achievements and Performance

The Trustees have had regard to the Charity Commissioners’ guidance on public benefit and consider that the Charity provides identifiable benefits to those seeking employment in the Wokingham and Bracknell Forest areas. During the year to 31[st] March 2023 there were 100 new clients, making, in total, 268 client visits. Clients were able to take advantage of advice, coaching, training and counselling by trained volunteers and to use the Charity’s facilities and technology to identify and pursue employment opportunities.

WOKINGHAM JOB SUPPORT CENTRE

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2023 (cont.)

Over the last 30 years the Charity has helped more than 11,000 local job seekers back into work. Supporting local residents back into work has a major benefit to the local economy, a significant impact on community cohesion and reduces the costs of Benefits, Social Services, the NHS and Policing and hugely improves the household finances, health and wellbeing of each job seeker and their families.

Financial Review

The Charity continues to try to closely balance income and expenditure such that our finances remain both strong and roughly in equilibrium. We have successfully continued our policy of both prudence and frugality.

The Charity has relied upon local councils for grants in this year. Total of all grants amounted to £25,550 (2022 - £26,250) in the year, to fund the continuation of its activities. Income from all sources including bank interest was £26,074 (2022 - £26,590) and expenses of £26,965 (2022 - £27,768) were incurred resulting in a loss for the year of £891 (2022 - £1,178).

Given current pressure and uncertainty surrounding local government finances the Trustees believe that it is appropriate for the Charity to hold eighteen months running expenses in reserves; this was achieved at 31st March 2023 when unrestricted reserves, which mainly comprise cash balances, were £54,319 (2022 - £55,210).

As the Charity provides a vital and unique community service the Trustees seek to hold sufficient reserves to run the Centre for eighteen months, so that there is sufficient time to explore options and alternatives, if revenues were to be severely reduced. However, at this time, the Trustees are confident of the continuing support of local council donors.

The Trustees are also aware of the risk to the Charity’s funds from fraudulent misappropriation and in order to minimise this risk financial control and authorisation procedures are operated and the Trustees receive regular summarised financial information.

WOKINGHAM JOB SUPPORT CENTRE

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[ST] MARCH 2023 (cont.)

Structure, Governance and Management

Wokingham Job Support Centre (WJSC) is an unincorporated association (the ”Charity”) registered with the Charity Commission No. 1039801 and its principal address is The Cornerstone, Norreys Avenue, Wokingham, Berks RG40 1UE. The Charity was set up in 1992 and operates under an updated Constitution approved on 17[th] July 2013.

The Trustees who held office during the year and at the date of this report comprised:

Steven Polak Chairman David Newbold Treasurer Iain Brown Secretary Andrew MacNaughton Trustee

Trustees are elected annually at the Annual General Meeting. The Trustees are fully aware of the need for succession planning and aware of the age profile of both the Trustees and Volunteer Advisors.

Where a Trustee resigns a temporary Trustee may be appointed by the Trustees.

Day to day activities of the Charity are overseen by Trustees (as there is no management structure) supported by the Office Supervisors and the Management Committee, which comprises the Trustees and such staff, volunteers and other supporters of the organisation as the Trustees invite.

The Annual Report was approved by the Trustees and signed on their behalf on:

Date: ……………………………

Steven Polak………………………………………………………… Chairman

WOKINGHAM JOB SUPPORT CENTRE

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31[st] MARCH 2023

The Charity’s Trustees 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).

The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs and the incoming resources and application of resources for that year.

In preparing these Financial Statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures being disclosed and explained in the Financial Statements; and
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011 and as amended Charities Act 2022, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WOKINGHAM JOB SUPPORT CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[ST] MARCH 2023

	2023	2022
Income from:	£	£
Donations and Grants (Note 2)	25,550	26,250
Interest Received (Note 2)	524	340
	---------	----------
	26,074	26,590
	----------	-----------
Expenditure on Charitable Activities :
Salaries (support staff) (Note 7)	15,319	14,770
Rent, Service Charges & Room Booking	5,487	8,900
Printing, Postage, Stationery	261	263
Telephone	398	605
Insurance	221	211
Meeting Refreshments & Sundries	294	106
Computer & Internet	3,662	1,627
Dues & Subscriptions	35	35
Book keeping	875	838
Gifts & Other Expenses	100	100
Depreciation	313	313
Total	26,965	27,768
Net Movement of Funds	(891)	(1,178)
Brought Forward:	55,210	56,388
Accumulated Unrestricted Funds:	54,319	55,210

WOKINGHAM JOB SUPPORT CENTRE

BALANCE SHEET

AS AT 31[ST] MARCH 2023

FIXED ASSETS: Tangible Assets less Depreciation Net Assets (Note 3) CURRENT ASSETS: Cash at Bank/In Hand (Note 4) Debtors & Prepayments (Note 5) CURRENT LIABILITIES: (due within one year)(Note 6) NET ASSETS: REPRESENTED BY: Accumulated Unrestricted Funds:	2023 £ 418 313 -------- 105 57,079 116 57,195 2,981 54,319 54,319	2022 £ 731 313 ------ 418 55,345 4,255 59,600 4,808 55,210
		55,210

Approved by the Trustees and signed on their behalf by:

Steven Polak: …………………………………… Chairman

David Newbold: …………………………………..Treasurer

Date: ………………………………

The accompanying notes are an integral part of these Financial Statements.

WOKINGHAM JOB SUPPORT CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2023

1. ACCOUNTING POLICIES

1.1 Accounting Convention

The Financial Statements have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the notes to these Financial Statements.

The Financial Statements have been prepared in accordance with the Charities Act 2011, the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 1A) as updated March 2021 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 1A).

The Charity constitutes a public benefit entity as defined by FRS 102 1A.

The Financial Statements are prepared in Sterling which is the functional currency of the Charity.

1.2 Going Concern

At the time of approving the Financial Statements the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore, continue to adopt the going concern basis of accounting in preparing the Financial Statements.

1.3 Charitable Funds

All of the Charity’s funds are unrestricted and available for use at the discretion of the Trustees in furtherance of the Charity’s objectives.

1.4 Income

Income is recognised when the Charity is legally entitled to it, the amounts can be measured reliably and it is more likely than not that the income will be received.

1.5 Expenditure

Expenditure is accounted for on an accruals basis, inclusive of VAT, when applicable, which cannot be recovered.

WOKINGHAM JOB SUPPORT CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2023

1.6 Fixed Assets

Fixed assets comprise office and computer equipment the cost of which is depreciated at 33.3% per annum on a straight line basis.

1.7 Cash

The Charity has cash on deposit with a maturity date of 2 years held for investment purposes rather than to meet short term commitments as they fall due.

1.8 Debtors

Debtors are shown at the value that is expected to be received.

1.9 Current Liabilities

Current liabilities are shown at the value that is expected to be paid.

2.	DONATIONS AND GRANTS: Borough Wokingham Town & Parish Councils Earley Bracknell Shinfield Wokingham Town Wokingham Without Woodley Arborfield & Newland Barkham Winnersh Crowthorne Finchampstead Twyford Other Receipts Rotary Club of Wokingham Interest Totals:	2023 £ 15,000 0 1,500 300 5,000 200 0 150 400 500 800 1,000 300 ===== 25,150 400 524 26,074	2022 £ 16,600 300 1,500 0 5,000 400 250 100 400 500 200 1,000 0 ===== 26,250 0 340 26,590

WOKINGHAM JOB SUPPORT CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2023 (cont.)

3. FIXED ASSETS:

3. FIXED ASSETS:
Net Book Value at 31st March 2023 4. CASH Short term deposit Cash at bank and on hand Total 5. DEBTORS & PREPAYMENTS Prepayments Debtors Total 6. CURRENT LIABILITES (due within one year) Trade Creditors Accruals Total	2023 £ 40,864 16,215 57,079 2023 £ 116 0 116 2023 £ 2,441 540 2,981	£ 105 2022 £ 40,340 15,005
		55,345 2022 £ 105 4,150 4,255 2022 £ 3,188 1,620
		4,808

7. EMPLOYEES

During the year the Charity had 2 part-time employees (2022 - 2) (one full time equivalent) and their total remuneration was £15,319 (2022 - £14,770).

Social security and other employment costs were Nil.

No employees received total remuneration of more than £60,000.

8. TRUSTEES REMUNERATION AND EXPENSES

The Trustees do not receive remuneration but are reimbursed expenses incurred on behalf of the Charity (such as stationery, consumables or other expenses) or in carrying out their duties (such as travel).

Trustees were reimbursed expenses as follows: Steven Polak £258 (2022 - £100)

9. RELATED PARTIES’ TRANSACTIONS

There were no related parties’ transactions in the year (2022 – Nil).

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF WOKINGHAM JOB SUPPORT CENTRE

I report on the Financial Statements of the Charity (registered no: 1039801) for the Year ended 31[st] March 2023 which are set out on pages 2 to 11.

Respective Responsibilities of the Trustees and Independent Examiner

The Charity’s Trustees are responsible for the preparation of the Financial Statements in accordance with the Charities Act 2011 (“the Act”) and 2022 as amended.

The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is required.

It is my responsibility to:

examine the Financial Statements under section 145 of the Act;
follow the applicable Directions given by the Charity Commission (under section 145 (5) (b) of the Act, and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the Financial Statements present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material respect:

the accounting records were not kept in accordance with Section 130 of the Act; or
the Financial Statements did not accord with the accounting records; or
the Financial Statements did not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the Financial Statements give a “true and fair” view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the Financial Statements to be reached.

David Lee FCA ………………………………….. Date:……………………….