REGISTERED COMPANY NUMBER: 03264709 (England and Wales) REGISTERED CHARITY NUMBER: 1060934 

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Unaudited Financial Statements Report of theTrustees and for the Year Ended 31st July 2023 

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BK Plus Limited 52 St Johns Lane Halifax West Yorkshire HX1 2BW 

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PROJECT CHALLENGE 

Contents of the Financial Statements for the Year Ended 31st July 2023 

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|Report oftheTrustees|1|to|5|
|IndependentExaminer'sReport||6||
|Statement of Financial Activities||7||
|Balance Sheet|8|to|9|
|Cash Flow Statement||10||
|NotestotheCashFlow Statement||11||
|Notes to the Financlal Statements|12|to|20|
|DetailedStatementofFinancialActivities|21|to|22|



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PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

Report of the Trustees for the Year Ended 31st July 2023 

| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities : preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of : ireland (FRS 102) (effective 1 January 2019). f OBJECTIVES AND ACTIVITIES Objectives and alms : The Charity's objectives are: : To advance the education of disaffected young people in West Yorkshire between the ages of 16 and 19, who are : unemployed, or lacking in qualifications, or at risk of persistent anti-social behaviour, or offending, by the provision : of programmes of outdoor education other training and challenging activities to improve their personal and social : skills. Public benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when : reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. E ACHIEVEMENT AND PERFORMANCE : Charitable activities : The project receives core funding for all the programmes from Calderdale College under a Study Programme i subcontract. This ran from August 2022 to July 2023. The project was successful in obtaining funding from Calderdale College to support young people with Higher Needs : Additional Learning (EHCPs). The funding has enabled Project Challenge to continue providing key services and : develop additional services for those most vulnerable young people. : The company employed from its funding, the following full and part time employees: : - Business Manager Full time i - Finance / Admin Full time i - Functional Skills Tutor - Maths Part time 0.6 - Term time only c| - Functional Skills Tutor - English Part time 0.6 - Term time only : - — N'Gage Vocational Tutor Full time i - ACTIV8 Vocational Tutor Full time - ACTIV8 Student Liaison Part time - Term time only : - ACTIV8 Youth/Support Workers Part time - Term time only | - N'Gage Student Liaison Part time - Term time only i - N'Gage School Student Liaison Part time - Term time only 4 - N'Gage Youth/Support Worker Full time : - Cafe Supervisor Part time 0.8 F In addition the company commissioned one freelance worker to oversee Quality Assurance and external verification. In | 2022/23 this was extended due to additional educational demand for under 16's excluded from schools and in need of E bespoke 1:1 tuition. 

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| : PROJECT CHALLENGE (REGISTERED NUMBER: 03264709} ; Report of the Trustees |\! afor the Year Ended 31st July 2023 i FINANCIAL REVIEW : Financial position t The charity has received income of £609,977 £609,977 (2022: £509,392) and incurred expenditure of £523,145 £523,145 (2022: £415,700) : 

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The charity has received income of £609,977 £609,977 (2022: £509,392) and incurred expenditure of £523,145 £523,145 (2022: £415,700) in the year, leaving a surplus for the year of £86,832 (2022: £93,692). 

The changes made in 2022/23 were significant and had an impact. They were as follows; 

- Additional Finance/Admin post created full time (previous support staff) 

- - Amore substantial contract for young people in receipt of Education Health Care Plans - (EHCP) was secured - this increased from £140,000 to £183,000 

Going forward into 2023/24 the following changes have been made; 

- Two Senior Support staff employed to take up deputised duties of Vocational Tutors as they increase managerial responsibilities 

- Additional two Support Staff employed due to increase in learners with EHCPS, on a term time only basis 

- - Additional Support staff member to support with Under 16 programmes in partnership with Trinity School 

## Principal funding sources 

## Calderdale College Core Funding 

Funding bands again remained static and this continues to prove to be an issue for Project Challenge. With an unpredictable client group it is difficult to manage both success factors and whether they will remain on full time programmes once enrolled to draw down maximum funding rates. The College funding was exhausted by December 2022 with an agreement of further enrolments to be determined on merit by individual case. The programme had a 95% progression rate and a 97% success rate. 

Project Challenge remains the sole provider of roll on/off Study Programme in Calderdale. The client group are the most vulnerable young people furthest away from the employment market. This year has continued to see an increase in the number of vulnerable learners from neighbouring authorities and also from Calderdale, who were previously educated outside of the Borough, as ‘alternative’ post 16 educational provision is dwindling in their areas. The Local Authority has pledged to retain within the borough as many of their own vulnerable young people as part of future cost cutting plans. 

The Project was successful in securing £51,000 from the Community Foundation to run a Healthy Holidays programme throughout the year for each of the school holidays. This included provision at Orange Box for 13-19 year olds, participating in games, healthy eating and craft activities. One element was in partnership with the Local Authority's Play Services and included employing Project Challenge learners to work in the café producing healthy meals for young people across the Borough, in receipt of Free School Meals. 

Orange Box 

Being housed at Orange Box has enabled further partnerships regarding opportunities for learners with the Healthy Holidays funding. 

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[ | | ; : : FINANCIAL REVIEW : Reserves policy : The charity aims to : event of short term short term term funding 

PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

7 The charity has established a designated fund as provision for its redundancy liabilities, as at 31 July 2023 this was : calculated as £46,537. : The trustees set out below their calculation of ‘free’ reserves based on these calculations, after taking account of : reserves held as fixed assets (£5,863) and lease commitments (£27,193), there are surplus ‘free’ reserves at 31 July 2023 of £41,946. [ | The trustees have taken a prudent approach in setting their reserves policy for the year and will continue to monitor : the policy into the next financial year in order to move towards a surplus ‘free’ reserves position. With the intention of : establishing asset renewal designated funds for IT and opportunity and innovation funds for the delivery and : development of activities. : 317.23 ; Total Funds at 31/7/23 383,109 : Less : Designated Redundancy Fund (46,537) : Total Unrestricted General Funds 336,572 ' Less : Fixed Assets (Note 11} (5,863) i Less : Lease Commitments (Note 14) (27,193) : Less : 6 Months Operating Costs (261,572) : ‘Free’ Reserves at 31/7/23 41,944 : FUTURE PLANS : Project Challenge continues to build a reputation for being a ‘specialist’ provider for young people with ‘high needs’ : and for a cohort of statutory school age (under 16's) to prevent becoming permanently excluded, The under 16 alternative provision in Calderdale seriously lacks the capacity to accommodate some particularly challenging young é people both with and without an Education Health Care Plan. Post 16 in receipt of an EHCP will be capped at 10 from i within Calderdale College. : 2022/23 also led to an increase in referrals from schools looking for alternative provision. There were 27 ona mixture | of full, part time and 1-2-1 courses. STRUCTURE, GOVERNANCE AND MANAGEMENT i Governing document : The charity is a limited company, limited by guarantee, and as such is controlled by its Memorandum and Articles of : Association. 

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## Report of the Trustees for the Year Ended 31st July 2023 

The charity aims to maintain a sufficient level of reserves to ensure that uninterrupted services may continue in the event of short term short term term funding problems, funding being withdrawn, redundancy payments and settlement of creditors. 

The charity has a policy to retain reserves equivalent to 6 months running costs, which is £261,572 based on the 22/23 financial year. The rationale being that in the event of delays or cuts to funding the charity can continue to provide its services. 

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PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

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: Registered : Orangebox : Blackledge i Halifax : West Yorkshire : HX1 1AF 

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## Report of the Trustees for the Year Ended 31st July 2023 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

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## Organisation 

The Articles of Association state that, at every Annual Meeting, one third of the Trustees who are subject to retirement shall retire. Following the Companies Act 2006 the Trustees who retire by rotations are those serving the longest. For those who were appointed on the same day those who retire shall (unless otherwise agreed amongst themselves be determined by majority votes, the Chair will have the casting vote. 

The Trustees meet quarterly with the Business Manager informing of major changes/issues by a newsbites email. 

Trustees have areas of responsibility and can meet to deal with emerging issues for their area, making decisions that do not need a vote. 

## Induction and training of new trustees 

All Trustees receive induction on their appointment to the Board and receive appropriate training during their term of office. They are all in receipt of an enhanced DBS check. 

## Related parties 

i The Secretary is also the Business Manager of the Project. None of the other Trustees have a beneficial interest in the : Company. : Risk management : The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate i controls are in place to provide reasonable assurance against fraud and error. i REFERENCE AND ADMINISTRATIVE DETAILS [ Registered Company number 03264709 (England and Wales) 

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## Registered Charity number 

1060934 

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## Registered office 

## Trustees 

P J Wilson CBE Chair R A Harvey OBE D M Horsman MBE (resigned 26/4/23) CG Ratcliffe (resigned 15/11/23) AP Naylor N A Earnshaw C Eves R W Masterson P Dawber (appointed 27/4/23) 

Company Secretary LM Butterick 

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| REFERENCE AND ADMINISTRATIVE DETAILS | IndependentBK Plus LimitedExaminer 52 St Johns Lane : Halifax West Yorkshire : HX1 2BW : Bankers : Yorkshire Bank PLC : 7 Waterhouse Waterhouse Street i Halifax | West Yorkshire Yorkshire 

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## PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

## Report of the Trustees for the Year Ended 31st July 2023 

Yorkshire Bank PLC 7 Waterhouse Waterhouse Street Halifax West Yorkshire Yorkshire HX1 1X2 

## Solicitors 

Wilkinson Woodward 11 Fountain Street Halifax HX1 1LU 

STATEMENT OF TRUSTEES’ RESPONSIBILITIES The trustees (who are also the directors of Project Challenge for the purposes of company law) are responsible for preparing the Report of the Trustees 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 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 the income and expenditure, of the charitable company for that 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; 

- - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping 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 with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company : and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. : gApproved by order of the board of trustees ona con and signed on its behalf by: 

: P JAMAlson CBE - Trustee | [ a : 

P JAMAlson CBE - Trustee 

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Independent Examiner's Report to the Trustees of Project Challenge (Registered number: 03264709) 

| : Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act : and are eligible for independent examination, | report in respect of my examination of your charity's accounts as : carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. | independent examiner's statement : Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. ican confirm : that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in : England and Wales, which is one of the listed bodies. | have completed my examination. | confirm that no matters have come to my attention in connection with the : examination giving me cause to believe: | 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or : 2. the accounts do not accord with those records; or : 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any : requirement that the accounts give a true and fair view which is not a matter considered as part of an : independent examination; or Q 4, the accounts have not been prepared in accordance with the methods and principles of the Statement of | Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS : 102)). | : | have no concerns and have come across no other matters in connection with the examination to which attention Ei should be drawn in this report in order to enable a proper understanding of the accounts to be reached. | I 

Independent examiner's report to the trustees of Project Challenge (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2023. 

## Responsibilitles and basis of report 

As the charity's trustees of the Company {and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Victoria J Atkinson FCA : : The Institute of Chartered Accountants in England and Wales F BK Plus Limited 7t ol :: 52Halifax St Johns Lane gv Plys Limite West Yorkshire i HX1 2BW pate:. 12. March 202% 

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PROJECT CHALLENGE 

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st July 2023 

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||<br>:<br>:|||Unrestricted<br>funds|Restricted<br>funds|31/7/23<br>Total<br>funds|31/7/22<br>Total<br>funds|
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|||Notes|£|£|£|£|
||INCOME AND ENDOWMENTS FROM||||||
||Donations and legacies|2|57,976|-|57,976|110,170|
||Charitable activities|4|||||
|j|Charitable||545,890|-|545,890|399,161|
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|||Investment income|3|6,111|-|6,111|61|
||Total||609,977|-|609,977|509,392|
||EXPENDITURE ON||||||
||Charitable activities|5|||||
||Charitable||523,145|-|523,145|415,700|
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|:|NETINCOME||86,832|-|86,832|93,692|
||RECONCILIATION OF FUNDS||||||
|:|Totalfunds brought forward||296,277|-|296,277|202,585|
|TOTALFUNDSCARRIEDFORWARD<br>383,109<br>-<br>383,109<br>296,277<br>—<br>—<br>—<br>—<br>E|||||||



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The notes form part of these financial statements 

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PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

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|Balance|Sheet|
|3ist July|2023|
|a|
|31/7/23|31/7/22|
|Notes|£|£|
|FIXED ASSETS|
|Tangible|assets|11|5,863|12,622|
|CURRENT ASSETS|
|Debtors|12|92,840|49,179|
|Cash|at|bank and|in|hand|294,437|248,157|
|387,277|297,336|
|CREDITORS|
|Amounts falling due within one year|13|{10,031}|{13,681)|
|NET CURRENT ASSETS|377,246|283,655|
|TOTAL ASSETS LESS CURRENT LIABILITIES|383,109|296,277|
|———|——S|
|NET ASSETS|383,109|296,277|
|FUNDS|16|
|Unrestricted|funds:|
|General fund|336,572|257,163|
|Designated|Fund|- Redundancy|46,537|39,114|
|383,109|296,277|
|TOTAL FUNDS|383,109|296,277|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006. 

- The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- {b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

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PROJECT CHALLENGE (REGISTERED NUMBER: 03264709) 

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## Balance Sheet - continued 

31st July 2023 

a These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on vee BABA ZY css and were signed on its behalf by: 

PJ G. CBE - Trustee 

The notes form part of these financial statements 

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PROJECT CHALLENGE 

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## Cash Flow Statement for the Year Ended 31st July 2023 

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|Cashflowsfromoperating activities<br>Cash generated from operations|1|40,169|95,670|
|Net cash provided by operating activities||40,169|95,670|
|Cashflowsfrominvestingactivities||||
|Purchaseoftangiblefixedassets<br>interest received||-<br>6,111|(12,424}<br>61|
|Netcash provided by/(used in) investing|activities|6,111|(12,363)|
|Changeincashandcashequivalentsinthe<br>reportingperiod<br>Cash and cash equivalents atthe beginning<br>ofthe reporting period||46,280<br>248,157|83,307<br>164,850|
|Cash and cash equlvalents attheend ofthe|the|||
|reportingperiod||294,437|248,157|



The notes form part of these financial statements 

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PROJECT CHALLENGE 

Notes to the Cash Flow Statement for the Year Ended 31st July 2023 

1, RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 

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|31/7/23|31/7/22|
|£|£|
|Net|Income|for the|reporting|period|{as|per the|Statement|of|Financial|
|Activities)|86,832|93,692|
|Adjustments for:|
|Depreciation|charges|6,757|6,868|
|Increase|in|debtors|(43,659)|(7,343)|
|interest received|(6,111)|(61)|
|(Decrease)/increase|in|creditors|(3,650)|2,514|
|—|OO|
|Net|cash|provided by operations|40,169|95,670|
|2.|ANALYSIS OF CHANGES|IN|NET FUNDS|

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|At 1/8/22|Cash flow|At 31/7/23|
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|Net|cash|
|Cash|at|bank|and|in|hand|248,157|46,280|294,437|
|ee|—_____.|——___—|
|248,157|46,280|294,437|
|Total|248,157|46,280|294,437|
|=—_——|—_—|=_—_|

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The notes form part of these financial statements 

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PROJECT CHALLENGE 

Notes to the Financial Statements : for the Year Ended 31st July 2023 eee 

; Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been || prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of : Recommended Practice applicable to charities preparing their accounts in accordance with the Financial : Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial : Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the : Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income ' Income is recognised when the charity has entitlement to the funds, any performance conditions attached to : the item(s) of income have been met, it is probable that the income will be received and the amount can be : measured reliably. i Income received in advance for the provision of specified services is deferred until the criteria for income : recognition are met. Interest receivable : interest on funds held on deposit is included when receivable and the amount can be measured reliably by the : charity; this is normally upon notification of the interest paid or payable by the Bank. : Expenditure E Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the : charity to that expenditure, it is probable that a transfer of economic benefits will be required In settlement : and the amount of the obligation can be measured reliably. i Expenditure is accounted accounted for on on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been E allocated to activities on a basis consistent with the use of resources. resources. : Tangible fixed assets : Depreciation is provided at the the following annual rates in order to write off each each asset over its estimated useful 

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## ACCOUNTING POLICIES 

Expenditure is accounted accounted for on on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. resources. 

Depreciation is provided at the the following annual rates in order to write off each each asset over its estimated useful life. 

Fixtures and fittings - 20% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost 

## Taxation 

The charity is exempt from corporation tax on its charitable activities. 

## Fund accounting 

: Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. :| Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of any restricted fund is included in the notes to the financial : statements. 

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PROJECT CHALLENGE 

Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

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## 1. ACCOUNTING POLICIES - continued 

## Pension costs and other post-retirement benefits 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

2. 

## DONATIONS AND LEGACIES 

||2.|DONATIONS AND LEGACIES|||
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||||31/7/23|31/7/22|
|:<br>|||Grants|£<br>57,976|£<br>110,170|
|;|||57,976|110,170|
|||Grants received, included in the above, are as follows:|||
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|:|||£|£|
|||Community Foundation for Calderdale|56,976|88,913|
|:<br>:<br>:||Co-Operative<br>Kickstart<br>LeedsCommunity Foundation|-<br>-<br>1,000|1,123<br>20,134<br>-|
|:|||57,975|110,170|
|t<br>L|3.|INVESTMENTINCOME|31/7/23|31/7/22|
|7<br>£<br>£<br>:<br>Deposit account Interest<br>6,111<br>61|||||



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PROJECT CHALLENGE 

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## Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

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## 4. INCOME FROM CHARITABLE ACTIVITIES 

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31/7/23 31/7/22 Activity £ £ Service income Charitable 545,890 393,235 HMRC Furlough Claims Charitable - 5,926 545,890 399,161 5. CHARITABLE ACTIVITIES COSTS Support Direct costs (see : Costs note 6) Totals £ £ £ Charitable 521,039 2,106 523,145 ___ — ___ E : 6. SUPPORT COSTS : Governance costs ; ECharitable 2,106 | — 7. NET INCOME/(EXPENDITURE) [ Net income/(expenditure) is stated after charging/(crediting): : 31/7/23 31/7/22 E :Depreciation - owned assets 6,759 6,868 

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## 8. TRUSTEES’ REMUNERATION AND BENEFITS 

There were no trustees’ remuneration or other benefits for the year ended 31st July 2023 nor for the year ended 31st July 2022. 

## Trustees' expenses 

There were no trustees’ expenses paid for the year ended 31st July 2023 nor for the year ended 31st July 2022, 

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PROJECT CHALLENGE 

Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

i The senior management is Lorna Butterick, she has her pay set by the board of trustees and this is reviewed annually. The aggregate total remuneration and redundancy payments, including pension contributions, for the : senior management management was £73,191 £73,191 (2022: £50,332}. | 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES THE STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES OF FINANCIAL ACTIVITIES FINANCIAL ACTIVITIES ACTIVITIES i Unrestricted Restricted Total 

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|||9.|STAFF COSTS|31/7/23|31/7/22|
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|:Wages|and|salaries|334,835|226,885|
|Other|pension|costs|39,703|29,831|
|—_—_—____——_—-|——___—_.|
|:|374,538|256,716|
|The|average|monthly|number|of employees|during the|year|was|as|follows:|
|:|31/7/23|31/7/22|
|Direct|charitable|14|12|
|:|The|number|of|employees|whose|employee|benefits|(excluding|employer|pension|costs)|exceeded|
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|:|31/7/23|31/7/22|
|2|£70,001|-|£80,000|1|-|

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The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 


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|31/7/23|31/7/22|
|£70,001|-|£80,000|1|-|
|The|senior|management|is|Lorna|Butterick,|she|has|her|pay|set|by|the|board|of|trustees|and|this|is|reviewed|
|annually.|The|aggregate|total|remuneration|and|redundancy|payments,|including|pension|contributions,|for|
|:|senior management management|was £73,191 £73,191|(2022:|£50,332}.|
|||10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES THE STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES OF FINANCIAL ACTIVITIES FINANCIAL ACTIVITIES ACTIVITIES|
|i|Unrestricted|Restricted|Total|
|funds|funds|funds|
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|iINCOME AND|ENDOWMENTS|FROM|
|5|Donations|and|legacies|110,170|-|110,170|
|||Charitable|activities|
|:|Charitable|399,161|.|399,161|
|Investment|income|61|-|61|
|ee|—_—|—_|
|Total|509,392|-|509,392|
|||—_—|——|—_—_|
|EXPENDITURE|ON|
|:|Charitable|activities|
|Charitable|415,700|-|415,700|
|NET|INCOME|93,692|-|93,692|
|:|
|é|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|202,585|-|202,585|

**----- End of picture text -----**<br>


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## Notes to the Financial Statements - continued 

## for the Year Ended 31st July 2023 

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**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|10.|COMPARATIVES|FOR THE|STATEMENT OF|FINANCIAL ACTIVITIES|-|continued|
|Unrestricted|Restricted|Total|
|£|€|£|
|funds|funds|funds|
|oo|———|—_——————|
|TOTAL FUNDS CARRIED FORWARD|296,277|-|296,277|
|11.|TANGIBLE FIXED ASSETS|
|Fixtures|
|and|Motor|Computer|
|fittings|vehicles|equipment|Totals|
|£|£|£|£|
|COST|
|At|1st August|2022 and|31st July 2023|2,856|27,605|58,280|88,741|
|DEPRECIATION|
|At|1st August|2022|1,695|26,276|48,148|76,119|
|Charge for year|571|333|5,855|6,759|
|At 31st July 2023|2,266|26,609|54,003|82,878|
|——___|—_—|—_—__—.|a|
|NET BOOK VALUE|
|At 31st July 2023|590|996|4,277|5,863|
|At 31st July|2022|1,161|1,329|10,132|12,622|
|=|a’|—_—_—|TS|
|12.|DEBTORS: AMOUNTS|FALLING|DUE WITHIN|ONE YEAR|
|31/7/23|31/7/22|
|£|£|
|Prepayments and|accrued|income|92,840|49,179|

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Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

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|13.|CREDITORS: AMOUNTS FALLING DUEWITHINONEYEAR|||
|---|---|---|---|
|||31/7/23|31/7/22|
||Social security and othertaxes|£<br>6,177|£<br>6,188|
||Other creditors|1,792|5,353|
||Accrualsanddeferred income|2,062|2,140|
|||10,031|13,681|



14. LEASING AGREEMENTS 

Minimum lease payments under non-cancellable operating leases fall due as follows: 

||||31/7/23|31/7/22|
|---|---|---|---|---|
|Within one year|||25,686|26,913|
|Between oneand fiveyears|||1,507|27,193|
||||27,193|54,106|
|ANALYSISOFNETASSETSBETWEEN FUNDS|Unrestricted<br>funds|Restricted<br>funds|31/7/23<br>Total<br>funds|31/7/22<br>Total<br>funds|
||£|£|£|£|
|Fixed assets|5,863|-|5,863|12,622|
|Current assets<br>Current liabilities|387,277<br>(10,031)|-<br>-|387,277<br>(10,031)|297,336<br>(13,681)|
||383,109|-|383,109|296,277|
|MOVEMENT IN FUNDS||Net<br>movement|Transfers<br>between|At|
||At 1/8/22|in funds|funds|31/7/23|
||£|£|£|£|
|Unrestrictedfunds<br>General fund|257,163|86,832|(7,423)|336,572|
|Designated Fund -Redundancy|39,114|-|7,423|46,537|
||296,277|86,832|-|383,109|
|TOTALFUNDS|296,277<br>——__|86,832<br>_.______|-<br>_——_____|383,109<br>—_——|



## 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 

16. MOVEMENT IN FUNDS 

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Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

| | | 46. | MOVEMENT IN FUNDS - continued 

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Net movement in funds, included in the above are as follows: 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|:|resources|expended|in funds|
|i|£|£|£|
|Unrestricted|funds|
|E|General|fund|609,977|(523,145)|86,832|
|TOTAL FUNDS|609,977|(523,145}|86,832|
|;|_|nana|OT|
|:|Comparatives|for movement|in|funds|
|:|Net|Transfers|
|[|movement|between|At|
|:|At|1/8/21|in funds|funds|31/7/22|
|E|
|EUnrestricted|funds|
|g|General fund|177,585|93,692|(14,114)|257,163|
|i|Designated|Fund|- Redundancy|25,000|-|14,114|39,114|
|—|—_-—_|—_——_|_—__—|
|202,585|93,692|-|296,277|
|:|TOTAL FUNDS|202,585|93,692|-|296,277|
|Comparative|net movement|in|funds,|included|in the above|are|as|follows:|
|Incoming|Resources|Movement|
|;|resources|expended|in|f|unds|
|:|
|:Unrestricted|funds|
|E|General fund|509,392|(415,700}|93,692|
|ee|ee|—|
|TOTAL FUNDS|509,392|(415,700)|93,692|

**----- End of picture text -----**<br>


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Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

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## 16. MOVEMENT IN FUNDS - continued 

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


**----- Start of picture text -----**<br>
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1/8/21|in|funds|funds|31/7/23|
|£|f|£|£|
|Unrestricted|funds|
|Designated|Fund|-|Redundancy|25,000|-|21,537|46,537|
|General fund|177,585|180,524|{21,537}|336,572|
|202,585|180,524|-|383,109|
|_—_—__|—--_-—__|
|TOTAL|FUNDS|202,585|180,524|-|383,109|
|A|current|year|12|months|and|prior|year|12|months|combined|net|movement|in|funds,|included|in|the|
|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,119,369|(938,845)|180,524|
|"|
|TOTAL FUNDS|1,119,369|(938,845)|180,524|

**----- End of picture text -----**<br>


A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

## Transfers between funds 

The trustees have transferred £25,000 from general funds to a designated fund, relating to the calculation of staff redundancy cost liability at the year end. 

## 17. RELATED PARTY DISCLOSURES 

Plus Public Affairs Limited is owned/managed by K J Butterick, the husband of L Butterick, who is a member of the senior management team. 

: 

Amounts were paid during the year to Plus Public Affairs Limited of £24,881 (2022: £21,878), in relation to services for Education and Support workers. There was no balance outstanding at the year end (2022: ENil). 

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Notes to the Financial Statements - continued for the Year Ended 31st July 2023 

## 18. ULTIMATE CONTROLLING PARTY 

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The charity is under the control of the board of trustees. 

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Detailed Statement of Financial Activities for the Year Ended 31st July 2023 

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||31/7/23|31/7/22|
|---|---|---|
||£|£|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Grants|57,976|110,170|
||57,976|110,170|
|Investmentincome<br>Deposit account interest|6,111|61|
|Charitable activities|||
|Serviceincome<br>HMRCFurlough Claims|545,850<br>-|393,235<br>5,926|
||545,890|399,161|
|Total incoming resources|609,977|509,392|
|EXPENDITURE|||
|Charitable activities|||
|Wages|334,835|226,885|
|Pensions|39,703|29,831|
|Insurance<br>Light, heat and rates|10,627<br>454|5,805<br>404|
|Telephone|631|225|
|Rent|24,706|21,550|
|Sundries|4,061|307|
|Repairs and maintenance|2,067|76|
|Computerrepairsandmaintenance|12,701|18,481|
|Stationery & postage|1,155|1,049|
|Training<br>Photocopyingcosts|4,145<br>3,705|1,109<br>2,586|
|Expeditions, projects&course<br>Payroll preparation costs|74,567<br>873|97,346<br>835|
|Motor and travel expenses|24|162|
|Bank charges|28|28|
|Depreciation - Fixture & fittings|S71|571|
|Depreciation - Motor vehicles|332|443|
|Depreciation -Computerequipment|5,854|5,854|
||521,039|413,547|



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Detailed Statement of Financial Activities for the Year Ended 3ist July 2023 

||31/7/23|31/7/22|
|---|---|---|
||£|£|
|Supportcosts|||
|Governancecosts|||
|Accountancy and legal fees<br>Legal fees|2,058<br>48|2,140<br>13|
||2,106|2,153|
|Total resources expended|523,145|415,700|
|NetResources|86,832|93,692|



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