Companyregi51ration number02888047 IEngland and Wale51 Charity reEi5tration number 1041403 IEnEland and Wale51 LEARNING TO WORK (SOUTH EAST) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
LEARNING TO WORK (SOUTH EAST) LIMITED LEGALAND ADMINisfRATIVE INFORMATION Trustees Mr R Cundv MT M Fieldhouse Mrj French MT K MIGarbn Mr C Thomas Mrs R Varsani MTS H Todd MrAJKemp Charlty number 1041403 Company number 02888047
LEARNING TO WORK (SOUTH EAST) LIMITED CONTENTS Page Tru5tees' port Independent exafflifier's reky)rt Statement tsf flnanclèl tyrti¥ities Balanee she io Statement of £ash flows li Notes to the financial statements 12-20
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI FOR THE YEAR ENDED 31 AUGUST2025 The Trustees present their annual report together wilh the financial Matements of the charity for the 12 month period from I September 2024 to 31 Au8USt 2025. As the cornpany qualifies as small under section 383 of the Compan*s Act 2(M)6, it is not reqUId to prepare a 5trate8ic report in accordance with The Companies Act 21Y)6 (Strategic Report and Dirertor5' Reportl Regulations 2013. Oblectlves and adlvltles Prlnclpal attlvltles The charity's prlmary aim is to broker meaningful relationships tween education and business in order to enhance employèbility skills and contextuèlise work-related learning fof young people. Strategles for achlevln8 oblectlves Throughout the perlod. the charlty has contlnued to work in pursuit of Its core otyectives. In setting these oblectlves and planning activities, the Trustees have had due regard io the Charity Commission's guidance on publlc beneflt, Including guidance on public benefit and fee char8in8. When determining the level of lees, charges and concessions, the Trustees carefully consider the accessibility o15ervice5, particularly lor individuals and schools Wlth Iimrted financial resource5. Achlevements and performan •. Key Iln•n¢l¥l perform•n¢e Indluto The organisation has the principal sourcesof income= Delivery of services. events and attivities for schools (including work experiencel Business membershipl sponsorship Contracted delivery arlsin8 from successful grant appllcations and funding bNIs. The largest area of expenditure Cornlnues to be stsffiTh& wrth salarycosts accountlng for 84% of total operatlng expendlture. b. Revlew of artivltles This is the first financial period following the adjustment of the orKanisation's financial year to run from I SeptÈmber to 31 August. Aligning the flnanclal year with the academtc year, being the prlmary cycle for both school and buslness-funded contract5. has streamlSned Internal processes and significantly simplrfied reporting. Thi5 change has reduced both the tlme and admlnistrative effort required to compile performance data. Durlng the period. the organisation faced rwo key challerys= The increase in National Insurance contrilwtions. impacting Ith the organisation as an ernployer and the busine55e5 that support its activities Continued pre55ure on school l)udEets. resulting in redUd expenditure on externally delivered c3reers and employability prograrnme5. De5Plte these challenge5, the tearn Tesponded proartivety. successfully securing new 50urce5 of grant funding and further Strengthening bu5ine55 delivery.
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Areas of Oryani5ational Growth During the financial period, the organisation recorded growth across the followin8 service areas.. Career5 Guidance Workp13ce Visits Bu5iness-funded Activitie5 Perfomi•nte Summary-A¢ademl¢ Year 2014-2025 Learnln8 to Work Actlvhv No. of student attendeesl partl£lpants Percentage 11 Learning to Work E¥enis/ Activities 1,675 9,652 Level 6 Careers Guidance .S95 .333 orkplace Visits .507 1.977 27% Busine55-funded Activities 10.479 4% Partnershlp Pro¥rams We have continued to dell¥er bu5iness-led pwram5 in collaboration with the followin8 partners.. Heathrow SEGRO Astct Racecourse OranÈe Business Equinix Plus X Innovaiio Groffl Fun4Jln8 We ère extmelY grateful for the grant funding and ongoing support received from 8erkshlre Community Foundatlon1gCFI, whlch has supported delfvery of the following projerts-. Adobe Communty Grant Ascot Supports Community Challenge- supported by Ascot Racecourse Bracknell Start Employability Now Taking Control We also acknowledge and thank Heathrow Community Trust for its fundine support of the Taking Control programme in Slough and the Royal Borough of Wind50r & Maidenhead.
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income Analysis Comparing this 12-month period with the previous year, the organisation achieved growth in two key income streams.. Learning to Work Inwme Type 2112*25 12J-24 Pwcentage In¢rea5e areers Guidance Prov15ion 185.104 127.504 5.2% Bu5ine55 Deliveryl Spon50r5hip 176.618 157.097 12.4% Income from School Projects and Events dec8$ed. rellerting dUCed school expenditure. hool Projects and Events 125.713 160.902 -21.9% Flnanclal Outt¢me The financial year concluded wlth a surplus 01 £6.047. Thls outcome reflects the team's stsccess In securiTr8 new grant lundlng and adaptlng delivery to contlnue supportlng local young people and schools effertivelv. Flnan¢lal r•vl•w a. Goln4 concern After makin8 appropriate enquiries, the TTU5tees have a reasonable expectation that the company has Jdequate resources to continue in operation31 existence for the lore5eeable future. Accordingly. they continue to adopt the 8oin8 concern basis in preparin8 the financial staternefits. b. Aeserves poll¢v The Board tsf Trusiees has agreed that sufficient reserves should be maintsined at the year end. UnrÈstricted funds a earmarked to meet tontrattual tommitments and ststutory employment obligations. At the year-end, the charity had available reserves of £79.08112024.. £73.0341. These reserves are maintained to ensure continuity of service delivery in th event of a temporary shortfall in income. c. Materlal Irwestments pollcy Under it5 memorandum and artlcles of association. the charity has the power to invest funds In such manner as the Trustees consider appropriate.
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Planslorthe Future- Z02>20Z6 The organSsatlon's strategic focus for 202F2026 is to maintaln the high quality of service delivery for which It is known. while continuing to exp8nd its offer to xhools and businesses within its existing geographical area. Key areas Identified for growth include.. Careers Guidance Bu51ness Partner Programmes Workplace or Work ExperierKe Visits in line with the CaeT5 & Enterprise Company recornmendations for Modern Work Experience. Financial forecast5 for 202>2026 indicate that the oryni5atiori Is on track to •chieve • modest surplus, reflertin8 prudent financial managernent and sustainable &r¢)wth. riurlnÉ the year. the or£anlsatlon almsto.. Increase 8u$iness Delivery iome by stren8rheninKexisting partnerships and de¥eloping new ¢ollaix)rations Explo addltlonal 8rant fundingopportunities. The oryanisatlon recognlses a number of external challenges for the finarKlal year. including forthcoming employment law changes effectlve from May 2026, contlnued pressure on school budgeis. and wSder cost Increases, all of whlch may Impart both Income generation and delivery costs. All future activity wlll remaln focused on delNeriThg meaningful outcomes for young people. whlle respondlng flexibly to the evolvlng needs of schoo15 and employers. On¥oin8 revlew ol bu51ness plannln8, development activity aThJ 5trate8ic direction will remain e55ential to ensure resillence, adaptability and long-term 5U5tsinability. It 15 the policy of the or8anisatiorb that unrestricted funds not desiEnated lor J 5pecilic purpose should be mointsined at a level equiv31ent to between three ond six months, expenditure. The Board considers that thi5 level of re5erve5 will enable the charity to tontinue it5 ¥Ctivitie5 In the event of a 518nificant reduction in fundingi while alternative incorne 50urce5 are
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 structure. governance and management Constltutlon The company was set up by Memorandum of Association on 14 January 1994 and Is registered as a charitable company Ilmlted by guarèntee. b. Method of appointment or election of trnstees The management of the company is the responsibiltr of the Trustees who are elected and co-opted under the terms of the Articles of Association. . Organlsatlonal Structure and dls11)n maklnK The charitv 15 ultimately governed by the Board of Trustees who agrees and monitors the Forward plan and approves all the d.Indu¢tlon •nd trnlrtlnl ol r)ew iwmees Trustees are souÉht for ihe Board spe¢ifi£alty to add value to the charity. This Is both In ierms of creatlng a Board that Is representative of the community the Charity serves and one thai has all the skills and experience required to properly carry out the work of the ¢h3rilv. When a potentièl trustee 1$ identified, they a invited to attend a number of Board meetings in the Capacity of Observer. Once they and the Board have gained understanding of each other they are nominated lor the portion of trustee. The existing trustees vote by way of a show of hands and a unanimous decision is soy8ht. The vote is urried out in private without the prospectlve trustee belng present. Most trustees are famlliar with the practical work of a charity. New trustees undergo an orientatlon dèy to brlef them on their legal obllgatlons under charity and COMn¥laW, the content of the Memorandum and Articles of associatlon, the committee and deci51on making, the business plan and recent financial performances of the charity. Trustees are encouraged to attend appropriate external training events where these will lacilitate Ehe uThdertakin8 of their role. e. Rlsk mana¥ement 'Learnin¥ to Work, 3cknowledges at all time5 the ris*s as50Ciated with its work as a charitable company. The board of trustee5 ensures that its objectives, phi1050phy and strate8y encompasses the identification and control ol risk at all time5. recogni5e5 that such risk involves the followin8'. Governance and Management Operation31 risk Environmental anil external risk Law and regulation cofflpliance fisk To ensure that such risk is identified and appropriate itsntrol rneasures are put ifitts plèce. the board of trusteès ensure5 that the Chief Executwe Officer ICEOI undertakes re8ulaT review and evaluation of all aspects of thÈ company and submits a gular risk analysis to the board.
LEARNING TO WORK (SOUTH EAST) LIMITED REPORT (INCLUDING DIREoR$, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Reference and administrative details of the company itstwstees and advisors yearended 31 Au8USt 2024 Truslee5 Mr K McG3nn, Chair Mr RH Cundy Mr MP Fieldhou5e Mr J French Mr C Thornas Mr5 Rarna Var5ani Mr Andrew Kemp Mrs Helen Todd Company reglstered number 02888047 Charlty reglstered number 1041403 Rei15tered offl£e 24 Packhorse Road Gerrards Cross Buckin8harn5hlre SL9 7QE Prln¢lp•l operln8 ¢)ffl¢e Learning to Work Isouih Eastl Limited 176 Buckingham Avenue Slough Berkshire SLI 4RD Chlef Executlve Offlcer Mrs R 8urt Independefit Examlner Nunn Hayward LLP 24 Packhorse Road Gerrards Cross BuckinEh3rn5hire SL9 7QE Bankers Barclays Bank plc 10 High StrÈet Marlow Buckinghamshi SL7 IAR
LEARNING TO WORK (SOUTH EAST) UMrrED REPORT (INCWDING DIREcfoRS' REPORn (corfflNUED) FOR IHE YEAR EAIDED31 AUGUST2025 The trtsstrek wk• are ako tht d£10% of LÈ•rnlrrf io Wort ISLMxh Ea5tl Umit¥l ts the putptyxe of Compl law, resp)nsible lor preparinK Report And the finantkl statefnènts in xtordance wth appfKab tsw or¥1 un& Kirydom StsndlrdslilneLI Ge[¥1 Ac¢Fed A(cnnE Prartkzl. COMry requlres trustee5 to pare finiThEkil statements for each finaDcioI year whth i>ve 4 arnl fair view of the state affalrs of tht th•rfL)b company 3nd d the irming sOUrCeS aThJ applkatbjn ol resource¥ indudiTh8 the jntome and tspertditU olthecharftsbk Comny1¢r1h r. . selertsuiiablo tn11Th1 and then pptythemcoThslsteNty.' - obsprve the methods pr1ropS in CharitEsSORP," . mak£ludgements esiirnesthat èrE rea50ble arKI prjerrt. - stste whethèr applicablÈ aettyJntir4g stsnd•rds been lolbwed, sublert to arry mater141 4Yeparture5 dixlosed aTr4 ew?1 in thethe flnanc5315tsteryts,' - wepère the fina131 statements on the 8oirq cern tiay5 ueSS it 15 InFwriÈ to yesumÈ that thÈ wlll cortknjt In The trustee5 are reSpwb1e lor k2epinK ade9UatE iccourrtir that disdose wth ieasonable accurary at any th2 fknartial pxitk)n of the charitabbo wmpany and enable them to erkyJrE th the tinanrwl st•iemerrt5 comply with ihe rknpanits Att 2W6. Thy are ¥150 responsib for safeguaidirFE the assets ol the charitable company and rKe for takin TeJ50fioble 5rep5 foithe PTOtrtion •Trd dettclipn ol and other irreÈvlarits. POfL ol tMtsièÈs incorF)taiinxa Strate8 re[ty appyrd ty orderolthe oftrustee& is the rorrp1rydirert$. IL..and SneOn board's beha by. rKM of Trustees
LEARNING TO WORK (SOUTH EAST) LIMITED INDEPENOENT EXAMINER'S REPORT TO THE OF LEARNING TO WORK (SOUTH EASt) LIMITED I report to the charity trustees on my examination ol the accounts of the Company forthe rIOd ended 31 August 2025. Responsibilities and basis of report As the charity'5 tru5tee5 of the Company larKI also its directots for the purposes of company lawl you are resptsnsible for the preparation of the financial ststemÈnts in atcordante with rÈquiremÈnts of the Companies Att 26 (the 2D06 Att). Havlng satlsfled myself that the Ilnanclal siatements of the Company are not requlred to be audlted under Part 16 of the 2006 Art and are eligible for independent examinètion, I report in respect of my examination of the charity's financial statements as tsrried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sertion 14515llbl of the 2011 Act. Independefit examlner's aternent Slnce the charity's gross income exceeded £250,(KX) your examiner must be a member of a body listed In settion 145 of the 2011 Art. I conflrm that l am qualified to undertake the eXaminatn because l am a member of l(XEW, whl£h Is one of the I have completed my examinatlon. I confimi that no mattefs have corne to my attention In connection wlth the examination giving me cause to believe that In any material resFeCt'. accounting records were not kept in respett of the Company as required by sertion 386 of the 2006 Att.. or the financial 5tstements do not accord with those records.. or the flnanclal statements do not comply with the accounting requirements ol settion 396 of the Companles Act 2006 other than any requirement that the flnanclal statements 8l¥e a true and lalf vlew. which Is not a matter consldered as part of an Independent examination. or the financial statements have not been ppared in accordance with the Meth1$ and principles of the Statement of Recommended Practice for atcouniing and reportifig by Charities applicable to charilies preparing their financial siatements in accordance with ihe Financial Reporting Standard applicable in the VK and Republic of Iland IFRS 1021. I have no concerns and have come across no other mattefs ITr connection with the examlftat+on to whlch attentlon should be drawn In thls POrt In order to enable a proper understsndingof the financial ststements to be reached. Simon Dodd ICAEW Nunn Hayward LLP Chartered Accountants 24 Pèckhorse Road Gerrards Cross Bucks SL9 7QE Dèted.. 21 May 2a26
LEARNING TO WORK (SOUTH EAST) LIMITED sfATEMENT OF FINANCIAL ACtIVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2025 Unrestricted Restricted lurtd$ fvnds 2025 2025 Total Unrestricted funds 2024 Restrlrted funds 2024 Total 2025 2024 Notes In<tsme Irom.. S33.766 2.419 45.( 578.766 2.419 736,520 1.911 25.000 761,520 1,911 Investments Total Income 536.185 45.C#XI 581.185 738.431 25.000 763,431 Expenditure on.. 529.558 45.1)Xl 574,558 764.702 1,153 25,000 789,702 1,153 Other expenditure Total txptndltur• 530,138 45,C(Kl 575,138 765,855 25,000 790,855 Nei Inme/(expendre} and movement In funds 6.047 6,047 127,4241 127,4241 Reconclllatlon of funds.. Fund balances at I Septernber 2024 73,034 73,034 ICM),458 100,458 Fund balan¢es ai 31 Au8USt 2025 79,081 79.081 73.034 73,034 The statement of financial activitie5 include5 all zains aml losse5 reco8ni5ed in the year. All income and e¥penditure derive from tontinuiD¥ activities.
LEARNING TO WORK (soufH EAsn LIMITED LANCE SHE ASAT31 AUGUST2025 Tongkn 05sets 2.749 7354 30.427 113272 27,860 8L616 Cash at bankaNI kn hBroJ 143.699 163.0611 109,476 127.03SI cred11. wirhln orw2 y ,638 82,441 83.387 89.795 15 116.7611 79.cei TJ.034 UnrestActedfuTrJs 79.LWi rJ.034 79.C81 73.034 The compary ss entiutd to the txtmptbn froTh thE audit requrEment cantalned in5eaiDn 471 ofthE Cornpnlesj£t2LX fer 31Aw5t 2025. dlrectois aEkncwthe(r respon51bth$t0rCFkn"rI wrih the wtslrementsd1 COMpart$Att 2tt6 wlth [rtt 10accour#i rKort15 and ihe kYepaTrtion offia1 statemen The members W nrrt iequlred the o)wan¥ lo obtsin an audit of bts financi¥ $tsteMts for thè irt que5tkn In acCardatlIhsea1on 476. ThesefirrKI Aatsments ha¥ been prepared knac(x)rdaeththe pKp4fjsh)ns appltsbbe1oo)ranIs >Jbt0thè$)II companiesre¥me. TfinIO41 51empnts Opwtwed byt1 BDard ofTws*eson._..-...... .....- Mr K Mc6anr¢- clia Comwny re8rtThtioD ThJmber02888Cb17 IEnglJThd aTrJ WalEsl io-
LEARNING TO WORK (SOUTH EAST) LIMITED sfATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2025 2025 2024 Notes Cash flows from operatlrtrg actlvltles Cash generated fromllabsorbed by) operatitins 38.565 136,6091 Investln8 actlvltles Purchase of tsngible fixed a55ets Investment Income received 111,9531 1.911 2.419 Nel ¢a5h Reneraled fr¢Jmllu5ed inl IDve511w artl¥hle5 2,419 110,0421 Fln•n¢lnR •dlvltles Repayment of borrowing5 19,3281 114,4201 19,3281 114,4201 In¢re•s•llde¢re•MI In ush and u$h equ6¥•1•rts 31.656 161,0711 Cash and co$h equlvalent$ at beglnnlng of yea 81.616 142,687 Cash and cash equlvalents at end of year 113.272 81.616
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles Charity inforniation Learning to Work (South East) Limited is a privatr company limited by 8iiaiantee intorpordted in England and Wales. The rÈBistered offi¢e 1$ 2-4 PackhorsÈ Road. Gerrdrds Cross. Bu£kn'nKhèmshire. SL9 7QE. 1.1 Accountln8 conventlon The financial ststements of the tharitable company. which is a wblic bÈnefit entity under FRS 102, have bèen prepared in atcordante with the Charities SORP IFRS 1021 Accounting and RÈporting by CharitiÈs'. 5tatÈmÈnt of Recommended Practlce applicèble to chailtles preparing their accounts in accordance with the Financial Reporting Standard 8pplicable In the UK ènd Republic of Ireland IFRS 1021 leffectwe l January 20191.. Financial Reporting Standard 102 'The Flnanclèl Reporting Standard applicable In the UK ènd Republic of Ireland. and the Companies Act 2(I)6. The financlal statements are prepa In sterlin& which is the fufirtional currency of the . Monetary amounts in these financial stètements a rounded to the nearest f. The financial staternent5 have beeTh prepared under the historical cost con¥ention. The principal accountin8 pollcle5 adopted are set out below. 1.2 6oln6 concern The financial statemenis have been ppared on a going coeM basis. The Trustees have vIeWed and considered levant Information. includingthe onnual budgei. in making their assessment. 1.3 Income All income is recognised in the Statement of Financial Attivities once the charity has entitlemeni to rhe funds, il Is probèble that the income will be received and the amount can be measUd reliably. Donate(J servSce5 or facllltles are recognlsed when the company has conrrol over the Item. any condltlon5 assoclated wlth the donated Item have been met, the receipt of economic benefii from the use of the company of the Item Is probable and that econornlc benefir can be measured reliably. In accordance with The Charities SORP IFRS 1021. the general time of lUnteerS Is not recognised.. refer to the Trusrees. report for more Information about thelr contribution. On receipt, donated professional 5eryice5 and donated facilities are recognised on the basis ol the value ol the Gift to the company which is the amount the cornpany would have been willin8 to pay to obtain services or facilities ol equiv31ent economic benefrt on the open rnart- a correspondin8 afflount IS then recogni5ed in expenditure in the period of receipt. 1.4 Expenditure Expenditure Is recognised once there is a lecal or constructive obligatioTr to transfer economic benefit to a third party, it is probable thar a transfer of econornic benefits will be required in settlement, and the amount of the obligation can be rnea5ured reliablv. Expenditure is classified by actwity. The costs of each activity are made up of the totsl of direct costs and shared c05t5, including 5UPPQrt Costs involved in undertaking each artivrty- Dirert Costs attributable to a single activity Hre Hlloc3ted directly to that artivity. Shared c05ts which contribute to moTe than one artivity and support costs which are not attributable to a single activity are apportK)ned between those actwitie5 on a basi5 consistent with the use of re50urce5. Central staff costs are allocated on the basis of titne spent. and depreciatitsn chatge5 are allotated on the portion of the asset's use. 12_
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accounting policies Icontinuedl 1.5 Tan8lble fixed assets Tangible fixed a55ets are initialty rnea5ured at cost and subsequently rnea5ud at C05t or valuation, net of depreciation and any impairment1055e5. Depreciation is recognised so as to write off the c05t or valuation of assets less their residual values over their useful lives on the following bases= Flxtures and fittinKs On a stroi8th li basis over three years The gain or loss arising on the disposal of an asset is determiTd as the difference between the sale proceeds and the carrying value of the asset, and is recogni5ed in the ststement of financial 3ctivits. 1.6 Employee benefft$ The c05t cf any unused holiday entitlement is recogni5ed in the period in which the ernployee's services ore received, Termination beneflts a ¢0¥n1$ed immedityte bs an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefrts. 1.7 Retlrement benefhs Payments to deflned contrlbutloii retirement benelit schemes are charyed as an expense as they fall due. Qltlcal accountlng e5tlmate$ and judgements The prepèration of the fin•nci•l st*teNts reouires the Trustees and m•fi•Eemeni to mtyke judÈernents, estimates and ssumptions about the tarrying amount of assets antl liabilities th¥¢ ty not )dIlY apparent from other sources. The estimates and èssociated è$5umptions are based on histotical experiefiee and other factors that are considered to be levant. Actual results may differ from these estimates. The estimates and UnderIng assumptM)ns afe reviewed an orwing basis. Revisions to o¢counting estimètes are cognised in the period in which the estimate is revised where the revision affetts only that period, or in the period of the revision and future periods where the revision affects current and luture periods. Charltable actlvltles Total Ure51cled Inmme Rertdcted Income Total 2014 IKOME IKOME 2025 2025 2024 2024 Income from projerts 533.766 45,IXM) 578.766 736.520 25.000 761,520 Analysis by fund Unrestricted fund5 533.766 533,766 45.IXKI 736.520 736,520 25,000 Restricted fund5 45.WO 25,000 533,766 45,(KK 578.766 736,520 25,000 7SI,520 13-
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from Investments Unrestricted funds Unrestricted funds 2025 2024 Interest ¢t1¥able 2.419 1,911 Expendllure on charftable artl¥l¢ie5 Ch•rli•ble txp&ndl¢ure 2025 Ch•th•ble txpendlture 2024 Dlrect costs Staff costs DeprIatI0Th and Impairment Insurance Telephone P05ta8e and stationery Advertislng Professional eosts General project costs Recruitment and other staff Costs IT services Travel and entertainlng Rates & Servi£e eh•rÉe$ 479,450 4.605 5.285 4.410 8.591 331 9.925 12.696 8.082 27.329 4.691 5,743 641,081 6,809 6,534 10,953 11,570 175 13,882 19,128 11,153 38,607 7,755 18,815 571.138 786,462 Share ol support and 8ovemance costs (see note I Governance 3,420 3,240 574.558 789,702 Anatysls bylund Unrestricted funds Restricted funds 529,558 45.000 7S4,702 25,000 574.558 789,702 14_
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Net movement In lunds 2025 2024 Net movement in funds is ststed after chargingllcreditingl Independent emInerfees Depreciation of owned tanglble fixed assets 3.420 4.605 3,240 6.809 Trustees. remuneratlon and benefflis There were no trustees, remuneratiors or other benefits for the period ended 31 August 2025 nor for the year ended 31 August 2024. Employees The average monthly ntsmber ol employees during the yearwas.. 2025 NumbEr 2024 Number 15 16 Employmeni ¢ost$ 2025 2024 Wages and salaries Social security ¢osis Other pension costs 434.837 35.265 9.348 587,923 40,964 12,194 479,450 641,081 The number of employees wh¢ise annual remuneration was MO thafi £60,C(Q is as follow5.. 2025 2024 Number Number 15-
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 otherexpendlture Unrestricted funds Unrestricted funds 2025 2024 Finanting costs 580 1,153 10 Taxation The charity is exempt frorn taxation on its activities because all its income Is applied for charitsble purposes. li Tan8lble fixed assets FL¥tures and flttlnp At I September 2024 114,329 At 31 Au8USt 2025 114,329 Oepre¢latlon and Impalrment At I Septernber 2024 Depreclation charBed In the year 106,975 4.605 At 31 August 2025 111,580 Carrylng amourt At 31 August 2025 2,749 At 31 August 2024 7,354 Iz Debtors 2025 2024 Amounts falllng due wtthln one year Trade debtors Prepayments and accrued income 21.692 8.735 24,432 3,428 30.427 27,860 16-
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 13 Loans and overdrafts 2015 2024 Other loans 16.877 26,205 Payable within one year Payable after one year 12.571 4,306 9,444 16,761 14 Ctedltors- amountsfalllrt8 due whhln ohe *•r 2025 2024 Borrowlngs Trade creditors Accruals and deferred Sncome 12.571 21,075 29.415 9,444 11,516 6,075 63.061 27,035 IS Credltoys: afflountsfallln8 due after MOthan one year 2015 2024 Borrcwln85 4,306 16,761 16 Retlrement benelh schemes 20Z5 2024 Defined contrfbutlon 5¢hemes Char8e to profit or lou in respect of defined contribution schernes 9,348 12,194 The company operates a defined contribution pension Scheme for all qualifyin8 employees. The a55et5 of the scheme are held separately from those of the in an independentlyadministered fund. 17_
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 17 Restrlcted lunds The restricted funds of the charity comprise the unexpended balance5 01 donatioThs and grants held on trust Subject to Specific condition5 by donor5 a5 to how they may be used. At I September 2024 Incoming resources Resource5 expended At ai August 2025 Berkshire Community Foundation- Adobe Community Project Berkshlre Community Foundatlon- Start Employability Now Berkshire Comrnunity Foundation- Ascot ppOrt5 Berkshire Community Foundation- Spring Taking Control Grant 25,OC 125.0001 15.0001 iio,0001 io,oc 15.0001 45,OC 145.0001 Pre¥lou5 perlod: At I September 2023 Incomlni resources Resource5 (pended At 31 August 2024 Berkshlre Community Found3tlon- 01$ Suppjrts Programme Wates Family Enterprise Trust Grant for Start Employability Now- Slough Berkshire Community Foundatlon. 8CF- Takin8 Control Grant lo.co) iio.0001 io.oc#) iio,0001 15,0001 25.OC(I 125,0001 Purp¢)se of re51rirfed Fund5 Berkshite Community Foundation- Adobe Community Proie¢t This repSentS grant funding ceiVed from the 8erk5hire Comrnunity Foundation tynd aiffl5 to 5UPPOrt loral charitie5 ?nd cotnrnunity groups within Berkshi. The fund was expended at 31 Av8u5t 2025. Berkshire Community Foundation- Start Employability Now This represents Érant funding received from the BÈrkshiTe Communrty Foundation and aims to supw>rt programmes that equip youn8 people with essential skills and experiences to improve their employment prospects. The fund was expended at 31 August 2025. Berkshlre Communlty Foundation- Ascot Supports This represents grant funding received from the Berkshire Community Foundation and aims to support local charitSes and community groups within Berkshire. The fund was expended ai 31 August 2025. Berkshire Community Foundation- SpringTakingControl Grnnt This represents grant funding reiVed from the Berkshire Comrnunity Foundation and airn5 to 5UPPOrt local charitie5 3nd coynrnunitv Eroups within Berkshire. The fvnd was expended at 31 August 2025_ 18-
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Unrestrlcted funds The unrestricted funds of the charity cornprise the unexpended balances of donation5 and grant5 which are not subject to specific conditions by donors and grantors a5 to how they may be used. These include de51Enated fund5 which have been Set aside out of unrestricted fund5 bythe trustee5 for 5peofic purposes. At I September 2024 Incomin¥ Resource5 (pended At ai August 2025 General fund5 73,034 536,185 1530.1381 79,081 Prevlous perlod: At I September 2023 Incomini resources Resource5 expended At 31 August 2024 General funds 100.458 738,431 1765.8551 73,034 Within unrestricted funds there is a desi8nated amount of E65,tMxi12024- É65.0001 which the trustees are retainin8 in case it becomes necessary to acquire new premises in the foreseeable future. Thi5 arnount is therefore held In reserve5 by the charlty and 15 not available for use for future projects. The tru5tee5 have earmarked all unrestricted funds not held in reserye lor rent ar staffin8 ctssts. •8ain5t future proletts to be undertaken by the charitable cornpony. 19 Related party transartlons There were nc dixlosable related party transKtion5 during the year12024- none). 20 Cash generated fromllabsothd by) operntlons 20Z5 20Z4 5urplus/ldeficitl for the year 6,047 127,4241 Adjustments for= Investment income recoEnised in 5tstement of financial activit*s Depreciation and impairment of tsngible fixed assets 12.4191 4.605 6,809 Movemerts In worklng capltal: Ilncrea5elldecrease in debtors Increaselldecreasel in creditors 12.5671 32.899 37,608 151,6911 Cash Beneraied fromllabsovbed by) opevotions 38,565 136,6091 19-
LEARNING TO WORK (SOUTH EAST) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 21 Analysls of changes In net funds Ati Sertember Cash flo At31 A8%1 202S Cash at bank and in hand 81,616 31.656 113,272 Loan5 falling due within one year Loans falling due after more than one year 19,4441 116.7611 13,1271 12.455 112,5711 14,3061 55,411 40.984 96,395 -20-