Company registrxtlon number 03264709 (England and Walo$1 Charity rèylslrallon number 1060934 (England and Wales} PROJECT CHALLENGE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
PROJECT CHALLENGE LEGAL AND ADMINISTRATIVE INFORMATION Trust••s N Earnsh8W C Eve8 RAHaNèy OBE R W Maslorsgn A Naylor P J Wllson CBE Secretary L M Butterick S•nioT rnanagement L M Buttarick - Project Manager ¢haTlty numb•r (England and Wales) 1060934 Company number 03264709 Régistered office Oranggbox Blackledg8 Halifax Wesl Yorkshire HX1 IAF Independent •xamln•r V J Alkin50n BK Plus Llmiled 52 Sl Johns Lane Halifax Wesl Yorkshire HX12BW Bankers Yorkshlre Bank PLC 7 Wat&rhousÈ Stièel Wesl Yorkshire HX1 1LU Sollcltors Wilkinson Woodward Halifax HXI 1LU
PROJECT CHALLENGE CONTENTS Pay• Trn5tees repÉ)rt stalernenl of trustees responslbllltias Independent gxomlnerfs report ststernenl ol flnandal adlvitles Balance shèet Statement of cash Ilows Nolas to tha finoncial slat8ments 10-19
PROJECT CHALLENGE TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JUL Y 2025 The tnJsl8es who are also direor$ of the charity for the purpos85 of th& Companies Act 2006. present their report wlth the financlal staleTn8nls of the charity for the year ended 31st July 2025. The Iruslees have adopted th8 pmvisions ol Accounting and Reportlng by Charitles.. Statement of Recommended Praelice applicable lo charitiès preparing their ac¢ouTTrls in a¢cordance with th& Financial R8POrting Standard appll¢able in tho UK and Republic of Ireland IFRS 1021 leffectSve 1 January 20191. The financial statemènts h8ve been propared in accordance with the accounting pollciès set out in note 1 to the rinanclal statèmènts 8nd comply witr th8 chariws governing documenl. the Cotnpanles Act 2006, FRS 102 The Financlal Reportlng Standard appllcable in the UK and RÈpubli¢ of Ireland" and th9 Charltles SORP "Accountlng and Reportlng by Charities.. Statemanl of Recommended PTaclice appllcable to chariti88 PTeparlng their accountg in accordance with the Flnanclal Reporting Standard applicable in the UK and Rapubli¢ of Ireland IFRS 102)" Oblectlves and a¢tivltle¥ The Charity's obj8CtiV8s are., To advanc8 the education ol disaffècted young paople 8g8d 16-19 in West Yorkshlre who are un&mploy8d, lacklng in qtjallfloalions, or al risk ol persistent anti-soci81 behaviour or offandlng, through the provision of outdoor 8ducalion, Irainlng and Challenging acllvStles dg5igned to improve parsonal and social skills. Publlc b8n•fit The trustèès have had due iegard lo the Charfty Cotnwnission's guidance on public benefit when revlewing the charity's alrns and objectlves and when plannlng future aclivStles. In parti¢ular, Ihe trustees consldw how planngd activities contribute to thè eh8rily's purpos9s and dellver public beneflt. Achlevom•nt$ and perlormancè Charitablè actlvltiè# Projecl Challenge receives eore funding from Calderdalè College under 8 Study Programme sub¢ontracL This contract operated from August 2024 to Juty 2025. During the year. Ihg charlly was successful in secuitng addlllonal funding from Cald8rdale College to 8UPPOrt learners wlth Higher Needs and Educallon, Health and Care Plans IEHCPsl. This fundlng enabl¢d Project Challengè to continue dellvpring core provlsion and lo develop enhancod seNices for the most vuln¢rable learners. Tha ch8rlty èmployed the followlng staff during thè year, on a combinatlon of fu114irne. part-time and tgm-tirne contf8cts'. Buslness Manager Full lim8 Finance IAdmin Full lime Funcliolial Skllls Tutor- Maths Part tiwe 0.8- Term lime Function81 Skills Tutor- Engllsh Part Ime 0.8- Temi tjme N'Gage VocAtional Tutor Full tim8 ACTIV8 Vocational Tutorl Operallons Full tlme Manager Ignlle Vocational Tutor NGage Student Lla180n Activ8 Student Liaison Ignlle Sludenl Liaison School Liaison EHCP Support Cale Supervisor Full lime- Temi tlm& Full lime. Term lima Part lime- Term tim Part lime- Term lime Part lirne- Term Ilrne Part lirne- Term tlme Part lime 0.8 In addition. the charity commissloneil a freelance Qu81I1y AS$UTance and Exlemal Verlflc8lion oonsult8nl, and a relance Support Worker. Durlng 2024125 Ihls support W8S èxtended In resptsns¢ lo IniYea8ed dem8nd for bespoke 1..1 tuition lor und8r.16 learners who had been excluded Irorn school.
PROJECT CHALLENGE TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Flnancl•l r•vlew Flnan¢ial positlon The charity has received Incom8 of £691.015 12024= £626.2551 and Incurrèd 8xpenditu of £726,826 12024.. £595,230) in th¢ year, leaving 8 nel deficit of £35,811 12024.. nel 8urpltss of £31,025). The year Saw slgnificanl opèratlon81 devalopmeTts, Including.. Growth in the numbèr of under-16 leamers lef6rd from schools, generatlng Incorn8 of approximately £155,000. Followlng 8 successful quallty vlsit by Calderdal& M8tropolltsn Borough Councll ICM8CI Altemative Prvvlslon Lead. a place w8$ commi881ongd by the Spèclal Educational Needs Te8m for an under-16. Looklng ahead to 2025126, thè following ¢honges hava boon impleTnented.' A partnership wllh Trinity H81ifax io dellver GCSE provlslon on-sitè al Orange Box, supported by Trlnity teacher8. An increase of 500h in the Caldordale Coll8g8 EHCP18arner contract, from IQ to 15 plac8S. A 3.50h Increase in Calderdalo College servi¢0 Income. Prlnclpal fundlng sourc•s Caldordale Coll¢g• Cor• Funding Servicg income iner8ased by 3.5Qk during the year, with full aulonotny given to Project Challenge regardlng programme length which Is IL5ndad In a banding slruclure, Glv8n the complexity and unpredlctability of the client group, il remalns challenging lo manage succoss laetOTS and 1&omer retenllon al full-llme levels requi18d to draw dDWll maximum fundlng rates. College fundlng was fully UllSed by March 2025. The coniract requlres continual rgcondliation throughout the year due to lèamèr movemènt betwgen Cald8rd818 Colleg8 and Projeol Challènge. During the year, the programme a¢hl8ved a 98.4% suc¢ess rale across Malhs, Engllsh and vocatlonal provision. Projed Challenge remains the sole providér of a ToII-onlroll-off Study Programme In Calderdalg. Dgmand for provlsion has Temainèd high, r8fl8Ctlng ongolng levels of pemanent exclu51on and thè needs of young peop18 furth8sl from the employment market. Communlty Foundatlon- He¥lthy Hollday$ Programmè Th8 charity wms succ8s8ful in securing £40,000 from the Community Foulldatlon lo dellver a Healthy Holldays programme a¢ross all school holiday periods. Provlslon at OT8ngg Box support8d young peDpl8 aged 1&19 through activitlès Indudlng games. healthy aatlng and u8fts. A furthèr element involved partnershlp worklng with th8 Loc31 Authority Play Services, èmploying Project Challenge learners In pald work experience rales lo prapare healthy meals for children and young peoplg frorn deprived poslcodes who were gliglble for freg school mèals. Orange Box The char5Ws location al Orallge BDX SUPPOrts partnership working with olher servicès wilhin th8 buildlng. crealln9 opportunities lor learners Ihiough inlUatlV88 includln9 the H8althy Hollday8 programme and ihe Resilienctr Fund.
PROJECT CHALLENGE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2025 Reserves policy The charily airn5 to Tnaintain 8 SffiCIent level ol resgrve8 10 gnsure that uninl6rrupled services may continu8 In the ev8nt of short term fundlng problems, funding belng withdrawn, redundancy payments and settlemanl of ¢Tedilors. Th8 charitS policy is lo hotd resèrvès eqyivalent to slx rnonlhs, running costs, caleulatgd at £363.412 based on forecast expènditure lor the 2025126 financial yèar. This level ol reserves Is consid8red appropriate to providg reasonable 18v81 of financial r95ilienc8 and lo allow the charity sufficient tSme lo respond to ony unexpected redu¢lion in income while contlnuing lo deliver its eharlt8ble aclNilies. The charlty ha8 established a ¢J&signaled redundancy fund lo meet potèntlal fvlure redundancy11obllllle8. As al 31 July 2025, thls fund amounted lo £60,000, rafl•cting th8 Iruslees, assgssmenl of the charity's polenual obligallL)n8. Tho Iruslees sel out below their calculation ol 'free' reserves basfjd on these calculations. 8ft8r taking account ol reserves held for rèpla¢ement of fixad as5els1£1,1251 and leasè commitments l£nill, Ihgre is 8 shortfall in reseNes al 31 July 2025. 31107125 Total FLtnds at 3117125 Le88 .' Designat8d Redundancy Fund 378.324 60,000 Total Unrèglricled GeneTBI Funds 318,324 Less .' Fix8d As8els INote 131 Less .' Leaso Commitments INola 191 Less ,' 6 Months Operglillg Costs 1.125 363.412 Shortfall in Reserves 813117125 46,213 The Iruslees acknowledge thal this repr&s8nls a shortfall agalnsl the charity's reserves pollcy. This posllion refle$ Ihe conllnued use Of unrestrlcted funds lo support setvlee del(very during the y&8r and the liming Df fundlng receipts. Th& trusfees conslder thi5 posllion lo b8 manageable in the short term, given the charlty's ongoing activities. funding arrangements. and cash flow monitoring procedures. Tha tnjstèès have adopted 8 prudent Bnd proactiv8 approach and wlll continue to closely monitor the level of r88erv8s. Actions are being taken lo strèngthen the charlty's financial position over tlme. Including carefvl cost control, diversmcatton ol income slfeams, and worklng towards the gradual rebuildlng of unrèslrided 18serves. The trustees, longer-tern intenuon is lo move towards a positive free reseNe5 P95111oTT, enabling the creatlon of addillonal d95ignated funds lo support future ass8t replacernent lincludlng IT infraslructurel and to provldg ¢apa¢ity for opportunity, innovallon, and development in service delivery. Plans for futur• p•rlods Project Challenge conllnues to operate as an establlshed Allernalive Provision IAPI provider for young pgople with hSgh nèèds, includSng slalulory 5chool.ag818ameTs (under 161 al rlsk of p8rm8nenl exclusbon. Allernat4ve Provlsitsn Capaoty wllhin Calderdale remains Ilmlted, particularly for youn9 P80ple wilh complex needs, both with and without an EHCP. Duflno 2024125. th8 ch8rlty received 15 ferra15 from 8chools for undar-16 provlsion, across full-lime, part-time and 1..1 programmgs. Post~16 EHCP places commissiongd by Calderdale College were previous5y cappÈd al l O, which corEstrain8d the charity's abillty lo meet damand. Thi8 has bo8n addressed for 2025126 wilh an increase to 15 places. enabling improved responsiveness to loc&1 need.
PROJECT CHALLENGE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 structurèi gov4man¢• and management The charity Is a Ilmltsd cofftpany, Ilmlted by guarantee, and as 8uch is conlroSled by Its Mernorandum and Artlcles of Association. Org8nlsatlon The Articles ol Assoclation stale that, al every Annual Meeting, one third of the Truslees who are subjECt to rètirement shall retire. Followlng the CuTnpanie8 Act 2006 Ihg Truste&s who rellra by rolaliuns are those serving the long95t. FOT those who were appointed on the 5am9 day thosè who sha11 retire lunless OtheIse agrebd amongst themselves be delemined by malorlty votes, the Ch8ir wlll hav8 the casting vote. The Trustèès meet quarterly wlth Ihg Busine8$ Manag9r Infonnln9 of major changesli58ues by a nfjwsblle5 emo11. Twst8es havg areas of responslbllity and can meet lo d901 with 8m8rging issues lor thelr Area, Tvtaknng decislons that do nol need a vol&. Inductlon and tralnlng of new tru$tOe¥ l Trustees Tgceive induction on their appolntment to the Bohrd and r&¢eiv8 appropriate Iralning durifig thelr IBTM ol office. Thpy are 811 In Tecelpt of Pn 8nhanc8d DBS ¢he¢k. R•lat•d partlgs Thg Secretary is al89 thg Bu81noss Manager ol the Project. None of the other Trslee6 h8va a beneficlal Inlero8t In th8 Company. Rlsk m#nag•ment The trus18ès have 8 duly lo identify and review the risks lo which thè charily15 exposÈd and to ensur& approprlale controls are in place lo provide reasonable assuTancè against fraud and error. The Iruste8s, whts are also the directors lor thè purpose of company law, and who $èN8d during th& yeai and up lo thè dale ol slgnalure of the financial slatementy We.. (RIgned 11 Febrtjary 20251 P Dawbei N Eamshaw C Eves RAHarvey OBE R W Masler80n A Naylor P J Wllson CBE The tru$te8s report was approv8d by the Board ofTrustèès. CRSL C Eves Trustse 1710312026 Dat¢..
PROJECT CHALLENGE STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2025 The tfUSt8e6, who ar8 also the dlrectors of Project Chall$n9e for the purposè of company law, are r8sponslbl8 for preparlng the Trustees Report and the financial statamenls In accordaneè with appllc8ble law and UnStèd lfjngdom Accounting Standards (United Klngdom Generally Accepted Aceounlin9 Practice). Company law requir85 the Irust8è$ to prepare financial stat8m6nts lor each finonci81 year whSch glve a true and f8lr Vlgw of the staté of affairs of the charity and Df the incomlng resources and opplicalion of résources. includlng tho income and èxp8nditur&. of Ihp charitablè company for that year. In preparing thesè flnancial staletnenls, the INslees are required to.. sglect suitable accounllng policie8 and then apply them cons151gntly', observg the methods and principles in th8 Charities SORP., make judgernents and estirnales that are reasonable and prudent., staté whether applltable UK Accounting Standards have been followed, Subject to materfal dapartures dlsclosed and explained in the flnancial slatemenls., and prepare the financial statéments on th¢ golng concern b88is unless11 is Inappropriate to prtrwme that the charity will eonlinue in operatSon. The trustees arè responsible for kèeping adequalg accountlng rectsids that dlsdo$$ wmh Teasonable 8c¢uracy at any lime the fin8n¢ial posillon ol the charlty and gnable them lo an8ur8 that the flnancial slatern8nts comply with the Companles Acl 2006. They arg a180 responsible for safeguarding the as8ets ol Ihe charity and honc8 for taking r8asonabl8 sp$ for the prev8ntlon and de18cllon of fraud and olhgr irregularili8S. Approvad by order of Ihe board of trustees on and slgn8d on ils behalf by.. CRSV C Evg5- Truste&
PROJECT CHALLENGE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROJECT CHALLENGE l Teport to the truslgès on my examination of the fin8n¢ial slalem8nts of Plojgct Chollengo Ilho charity) for the yèar ended 31 July 2025. Responslbllltles and ba515 ol roport As the trustees of the charily land al80 fts dlreclors for the Purposes ol MpanY lawl, you Bre fesponsible for Ihg préparation of the financlal stat8menls in acwrdance wilh the requiremen18 of the Companlès Act 2006. You are 8811sfled that th8 financial slatemènts of the ¢hÈrfty are not required by charity or company law to be audil¥d and have chosen instead to have an independent examlnation. Havlng salisflad myse5f Ihat the financlal stal8m8nts of th9 charity ar8 not required to be audltéd under Part 16 of the Companies Act 2006 and are eligible for indèpendent examlnation, I report in respect of my examlnalion of the charity's flnancial $laternenls carried out under seetlon 65 of tha ChaTities Acl INorth8rn Iralandl 2008 and sectlon 145 of thè Charilie$ Act 2011. In carrying out my examlnalion I have followed the gen8r81 Directions glven by the Charity Commission for Northern Irf land under s&clion 651911bl ol the Charities Aol INorth8m Iroland) 2008 and the DlrÈcb'ons yivgn by th8 Charity Commlssion undèr section 14515llbl of the Chari1185 Act 2011. Indepgnd•nt examln8r's statement Since the charity'5 gross ineome exc8gded £250,000. Ihe independent axaminer mu81 be a memb¢r of a body listed n section 145 of the ChariliÈs Act 2011 and section 65 01 Ihg Charities Act (Northern Irèlandl 2008. 1 confirm that I am quallfl8d to undertake thg examination becau89 l am a member ol the Association of Chart8red Certified AG¢ounlants, which is on8 of the Ilsted bodies. I have completed my examin8tion. I cont7mi that no matteT8 have com8 to my attenfjTh) In connècuon wlh lh8 examinaliDn glving rn& cause to bplieve that in any material respect.. a¢counling records w¢re not kept in re8PB¢t of thè charlly as rgqulred by 8gdion 386 of tho Companlès Act 2006. Ihe financial stalemÈnts do not 8ceord with ihose records.. or the financlal slale¥n8Nts do not comply wilh Ihe accountlng Tequlr8menls of sectlon 396 of the Companles Act 2006 olhÈr than any iequiremenl that the fln£ncial s13tement5 give a true and falr view, whlch is not a matter ctsnsldefed 8$ part of an Independent exarninAtion.' or the finandal statem8rits hav8 not been prepared In accordanc8 with the methods and principle5 01 the Statement of Recommended Practice for accounting and reporting by charilles appllcable lo charttles preparfng Ihelr financial statements in accordance wllh the FSnanclal R8POrting Standard applicable in thè UK and Republic vf Ireland IFRS 1021. I have no concèrns and hav8 come across no othèr matters in connection wlth the examlnation lo whlch attèntion should be drawn in this report in order lo en8ble a propgr underst8ndlng of the financlal statements to be reached. V J Atkln8on 8K Plus Llmited 52 Sl Johns L8nÈ Halifax Wesl Yorkshiré HX12BW D319'. 7 h.p..*LI.. 20k 6 £14 Linikl£(J
PROJECT CHALLENGE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2025 Unr•8trlct•d funds 2025 UnrèJtTlcted fund5 2024 Notes Incomo and èndowments from- Donations and18gacies ChaTitable acti¥ib'es Investments Sundry Income 62.958 612,494 10,879 4,686 64,742 54S,070 12,635 3,808 Total Incomo 691,015 626.255 Expendltur• on: Charitable activitie$ 726,826 595,230 Totsl 8xpendltur• 726,826 595,230 Net Incomel{expendltur•l and movement In funds 135,8111 31,025 Reconclllatlon of lund$'. Fund balances at 1 August 2024 414,135 383.110 Fund balances at 31 July 2025 378.324 414.135 Tha st8t9menl of financial aclivilies includes all gain8 and losses ro¢ognt8ed in the year. All Incorne an¢J expenditure d&riv& from continulng adivilies.
PROJECT CHALLENGE BALANCE SHEET ASAT31 JULY 2025 2025 2024 Notès Flxod as8etS T8nglble asse15 13 496 1,125 Current a¥sots Debtors C8sh at bank and In hand 44 102,373 313.649 82.819 356.866 416,222 439,685 Cr8dltorn: Èmounts falllng dufr wlthln 0119 y8ar 15 138,3961 126,6751 Net rurrent a¥$èts 377,826 413,010 Total a$s•ts lèss current Ilabllltles 378,324 414,135 Thè funds of Ihè charfty Unrestricted funds 17 378,324 414,135 378,324 414,135 Th8 CQtllpany is 8ntltled lo Ihg exemption ffoTll lh8 audll requlrèmenl cont8ined In section 477 of the Companles Act 20Q6. for Ihe year endèd 31 July 2025. The dlrectors acknowledge Ihelr responsibllltl•s for complylng wilh the requirements of the Companles Act 2006 with rèspecl to 8ccounting records and the preparalton of flnancial slalem8nts. The mernbèrs have not required the company lo obt81n an audll Df it5 financial st8tément5 foT Ihe year in qu&sllon In accordence with section 476. Th$s8 financial stalemenls hove been prepared in accordance Mlh the provisions applicable lo (x)mpanies 8ubl?ct lo the small companles reglm¥. The financi81 stalemenl8 Were approved by the twslèès on 1710312028 CR8v C Ev8S Trustee
PROJECT CHALLENGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JUL Y 2025 202S 2024 Cash flows from tsppratlng actlvltlos Cash {abSoed byyg8n6raled from opefalions 21 153,8961 49,794 Inv•stln9 actlvltles Investm8nt Income received 1LI,879 12,635 Net cash g•n•rat•d from Inv•stlng actlvllle$ 10.679 12.635 Ngt cash gengrat•d from financlng a¢llvltl•s Net Id•er•as¢llln¢reas• In cash and ¢a¥h equlvalonts 143.0171 62.429 C8sh and cash equlva1ents 81 beginning of yè8r 356,866 294,437 Cash and c8$h gqulvalont8 at Ond of year 313,849 356,866
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 Accountlng pollcl Charity Infom70tlon Prolè¢l Challgnge Is a prlvale company lirniled by guaranleg incorpor8tèd ln England and Wal8s. The registered office Is Orangebox. Blackledge. Halilax, Wast York8hirg, HX1 1AF. 1.1 Ba$ls of preparatlon The financi81 statemènts have been prepar8d in ac¢ordÈnoe wlth tho charit18 governlng document, th8 Companies Act 2005, FRS 102 "The Financi81 Reportillg Standard appllcable in the UK and Republic ol Ireland and tha Charitle5 SORP "Accounllng and Reporting by Charllles.. Slalemgnl of Recornmended Practicp applicablè to chaTltl&s preparlng their accounts in accotdancg with the Financial Reporting Standard applicable In Ihe UK and Republlc of Ireland IFRS 1021 The charity Is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prapar8d in slerflng, whlch is the funcUon81 CUff8ncy of the ch8rfty. Mon8lary amounts In thèsè financial statements 8r8 roundgd to the neargst £. The financlal st31emgnls havg b8en PTepaT¢d under tho hlstorical eost conventlon. The pr1ncip81 accountlng pollcies adopted aTe Set out below. 1.2 Going concern At the tlme ol approving the flnancial stalemenls, thè Irusleos have a rèasonable expeclation that Ihe charity has adequate resources lo continu& In operational existence for the foreseeable lulure. Thus Ihg trustee8 continue lo adopt the going concarn basis of accounbng in preparing the financial statements. 1.3 Charltable funds Unreslrrctèd funds arg availabla for u88 at the d18crallon of Ihg trustee8 in furtherance of their tharilablè objectives. Restricted fund$ Are subject to speclfic condillons by donor5 Qr grantors as to how they may be used. The purposes and uses of the re811icièd funds arg set out in the nol88 lo thè financial stolements. Endowrnent funds 8r6 subject to specrf4c ¢ondllions by donor8 that the capltBI musl be malntsined by the Charlty. 1.4 Incom• Incom8 Is recogni5ed when thè charity 18 legally enlllled to it aft8r any performance condillons have bgen mel, (he amtsunts can be measured T81i8bly, arid il Is probable that incom8 will be recelved. Cash donallons are re¢ognls8d on recelpl. Olher donation5 are fecognlsed onco the tharity has been notffiad of the donation, unless p&rfomiance conditions r8quire deferrel ol thè amount. Income tax Tecoverable In relation to donation5 received under GiftAld or deeds ol covenant Is recognised at th8 tlma ol the dDnatlon. L&gacles arè recognised on recèlpt or otherwise Sf the charity has been notified ol an impÈndSng dislrlbulion, the amount is known, and recelpt is expected. If the amount is nol known, lh8 legacy is treated as contingènt &88èt. 10-
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2025 A¢countlng pollele8 IContlnued} 1.5 Exp•ndltur• Exp6ndilLEre is recognls8d once there 1$ a legal or constructive obligallon to transfer #onomic benoflt to a thlid party, il is probable Ihal a Iransler of economlc benefits will be required in settlement, and the amoLtnt of the obligation can be measured reliably. Expendlture 18 ¢Aasslfied by adivity. Tho ¢0515 of e&ch athvlly are made up of the total of dlrgct C08ts and 8har8d costs, Including support costs involved in undertaklng Èach activity. Dlrgct costs attrSbut8bl8 to a slngl& activity are alltscated dlreelly lo that actlvity. Shared costs whi¢h contributè to more than onè aelivity and support costs which are not attributable to 8 single actlvlty are apportioned bètween those activities on a basis consistent with the usè of re80urces. Central staff costs are allocated on the basts of tlJne spent, and depr8clatlon charg6s are allocated on the portion of the assÈt's use. 1.6 Tanglble flxed ass•ts TangiblÉ fixed assets are initially mèasured at cost otid subsequently measurBd al cost or valuation. net of dfjprecialion and any impairment losses. Dèpreciatlon Is rewgnised so as to WTile off the cosl or valuation of as$els1888 Ihelr resldu81 values over thoir useful lives on the following bases.. Flxtures &n(£ rrtting8 Computers Motor vehid&s 20% on cost 330h on cost 25 10 on dung balance The gain or loss arfslng on the dlsposal of an asset is dat8m)Inèd as the dlfferen¢g beeen Iho salè pro¢8e¢Js and the c&rrylng vglue of the ass8t, and 13 recognlsed in the Slalement of llnanclgl aclivilie5. 1.7 Impalrment of fixed assots At gach reporting end dale, the charity mviews the carying arnounis of ils tèngible assets to delgmiin whether Ih8re Is any indication that those assets have suffered an Impairmenl loss. If any such indication exists, the recoverable afnount of the asset is estlm8tÈd in order lo determin8 the extent of the lrnpairmenl loss lif any). 1.8 Cash and cash 6qulv•lgnts Cash and cash equivalents include cash Fn hand, deposlls hsld al ¢aN with banks, other short-term Ilquld Snv8stmenls wlth origlnal maluTilles of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in cuTient liabilitt6S. 1.9 Flnanclal In$truments Th8 charity has Qlgcled lo apply the wovisions of Seetlon 11 '8asic Finanelal Instruments. and Sactlon 12 'Olher Flnanclal In8lfumenls Issuèg, of FRS 102 to all of its financial inslrumènls. Financi81 Instruments are rpcognised in the ¢h8ritYs balan sheet when the charity becomes party lo the contractual provlslons of the instrumènt. Financial assat9 8nd liabilities aro offset, wtlh th8 net amounts preBenled In the financial st8lernents, when there Is a legally enforceable rlght to Sel off Ihe recogniséd amounts and ther8 18 an intentlon to settle on a net basis or lo reali8e the ass818nd settl8 the Ilabilty 81multaneousty.
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Ac¢ountlng pollcl•s Icontlnuedl Baslc nnanelal assets Basic financi81 assets. whi¢h Ineludè debtors and cash and bank balancès, arè Snitially rnea8ured al transaction price includlng Iran5aclion Costs And are subs8qu8nlly caed al amortised ¢osl uslng the effectivo intèrgsi method unless the arrangernenl constitutes a financing tr8nsadion, wh8re Ihg transadlon is mea5UTed at the present value of the future receipts discounted at a m8rkèl rote of interest. Financlal ossets classified as receivable wilhln ong ygar are not amorlsed. asic flnancialliabllltlos Baslc financial li¥bllltles. including crédltors and bank108n9 are Inltlally re¢ognlsed 81 Iransactlon price unlèss the arrangem8TII conslllutes 8 financing transacllon, where the debt in8lTufTTgnl Is rneasured al the pr8yènt valu¢ of Ihe future payment5 discounted at a markel rats ol Interest. Financial liabilitles dassified as payable within ong year are not amortised. Dgbl Instruments 8ra subsequently caTriBd at amortised cost. using the effectiv8 Intgregt rale method. Trade creditors aro obligallons to pay for goods or $e¥vlces that have bepn aryulred in the ordlnary course of Oporglions from suppllers. Amour)18 payable are classiflèd as current liabilities il payment is due within tsne year or less. If not, théy are presented as non-current 118bilili9s. Trade creditors are reeognlsed initially at Iransadon prlce and subsequenlly measured at amortised cost using the effectlve intere51 mèthod. Dor•cognltlon of Ilnan¢lal Ilabllltles Financial liabilitles are derecogn180d when the charity's contractual obllga15ons expÉr6 or ar8 dischar98d or can¢elled. 1.10 Emplgyèe beneflts Th8 cost of any unused holSday entillem6nt18 e0gnIsed in the perlod In which the employe¢'5 sèrvlces are received. Tenrlnatlon b8nefll$ ara racognised irnmpdiatoly as an expon89 wh8n the charity 18 dgmonstrably committed lo lerminale the employrn8nt of an omployee or lo provlde terminallon beneflts. 1.11 R•tlr•ment bonefit$ Payments to defined ci)nlrfbulion rellfemenl b8naftl scheme8 are charged as an expense as thay fall due. Crltl¢al a¢eountln9 •8tlmateB and Judgements In the applicatlon of the chorftws accounting pollcie$. the trustees are requir8d lo make judgements. ¢slimates and assumptions about the carrylng amount of as58ts and liabilities that are not readily apparent from other sources. ThB Bstlmates and assoclated assumption5 are based on historical exporience and other factors that are considgred lo be reVant. Act(tal results may differ ffom thès8 es*'rnales. The estlmates and und8rlying a881Jmpllons ar6 mviewecl on an ongolng basis. Revlslons to 8¢counbng eslimalgs are recognised in th8 period in which th8 &StSmal8 Is revised wh8re Ihe revision affects tsnly that period. or in the p8rlod ol the r8Vlsion and lulure periods where the revlslon affects both current and fulufe periods. 12-
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Income from donatlons and16gael•s Unr¢•trlcted fLfnds 2025 Unrestrlet•d funds 2024 Donallons and gfts Grants 17,922 45.034 13,398 51,344 62,956 64.742 Grants Community Foundation for Calderdal8 Leeds Community Foundation 40.034 5.000 47,744 3.600 45,034 51.344 Ineomo from charllabl• actlvltle¥ Unrolfl¢ted UnreJtrlct•d funds fund$ 2025 2024 Ineomg from Charitabl• acthltÈg8 ALS Support Incorno Service Income School Learners Income CC SuppDrt Income Caf8 Income 216,467 222,515 139,809 4,902 28.801 152,180 210.314 163.080 5.557 13,939 612,494 545,070 Income from Investments Unrestrlct•d Unr•strl¢tgd funds fund$ 2025 2024 Inlgresl recalvable 10,879 12.635 13
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Sundry Incom• Unretstrl¢tèd Unrestri¢tèd funds funds 2025 2024 Other in¢ome 4,686 3.808 Exp•ndltur• on ¢harltabl¢ acllvltl•s Charftable Chartlable Expgndltur• Exp8ndltur8 2025 2024 Dlrect eosts Sl8ff costs Doprecialion and impalrmenl Project Aclivilips Premises Costs Staff Expensès Office Expenses Adrninistralion Co81 Computèr Costs Repalrs & Renewal$ Subcontract Costs 463,461 627 109,609 43,282 17,996 24,827 596 15,137 19,131 29,890 411.690 4,738 76.624 39,123 10,432 6,724 5,098 12.995 25,845 724,558 S93,069 Share of $upport and governance costs (890 not? 81 Stjpport 2.268 2.161 726,826 595,230 Analysls by fund Unreslrictgd funds 726,826 595,230 Support costs allocated to actlvltl•8 Char51ablè Expenditurfr 2025 Total 2024 Governance 2,268 2.161 14-
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Support costs allocatgd to a¢tlvitl•s IContlnu•dl 2025 2024 Govèrnan¢¥ C1¥ comprls•: Accountancy fees 2,288 2,161 2,268 2,161 Not mov•mgnt In funds 2025 2024 The net movèm8nl in funds is stated after chargingllcrodillngl.. Fe8s payable for tho Independent examlnwlion of the charity's ffln8nclal st8t8ments Deprooialion of owned tangibl8 fixed assots 2,268 627 2.161 4,738 10 Tru¥t•g4 None of the Iruslees lor any persons conn8cied wllh th8ml received any remunerallon or ben8flts from the charity durlng the year. 11 Employ•vd Th8 average monthly number of employe98 durlng the yeAr was= 2025 Numb•r 2024 Number Charil8ble acllvltles 13 14 Employment ¢ost$ 2025 2024 Wages and salailes Oth8r pension costs 419.086 44,375 378,650 33,040 463,461 411,690 There wgre no 8rnploy&es whose ann¥al r&mun8rAtlon was more than £60,000. 15-
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2025 11 Employ•e$ Icontlnufjdl Romun•ratlon of koy managemont porsonnol The remuneralion of kay management personnel WÈS as follows.. 2025 2024 Aggregate compènsation 71.223 73,705 12 Taxatlon The charity is exempl from taxalltsn on Ils activities b8caus8 all its inGome is appligd ftsr charitable PUTPOS&S. 13 Tanglble flx¢d èssets FlxiuTe6 and flttlngs Computorn Motor v•hl¢lgS To¢Jl Cost At 1 August 2024 2,856 58.280 27.605 88,741 At 31 July 2025 2,856 58,28Q 27,605 88,741 Dgpr•clatlon and Impalmi•nt Al 1 August 2024 Depreciation charged in Ihe yèar 2,561 295 58,197 83 26,858 249 87.616 627 Al 31 Juty 2025 2,856 58.280 27,107 88,243 Carrylng amount At 31 July 2025 498 498 Al 31 July 2024 295 74Y 1.125 14 Debtors 2025 2024 Amounts falllng du8 wlthln oné y•ar.' Other d8btors Pr8payment8 Accrued Incomg 8,617 18,463 55,739 17,292 85.081 102,373 82,819 16
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 14 D•btors IContSnu•dl Accrued Income comprises the lolltrwing balance5 al the ygar end.. 2025 2024 College School other 82.890 2,100 91 15,203 27,438 13,098 85,081 55,739 15 Cr•dltors: omounts lalllng due wlthln ong year 2025 2024 Other laxatlon and Social securfty Other creditors Accruals and deferred Income 7,784 5,332 25,280 7.092 4,034 15,549 38,396 26.675 16 Retlrem•nt b•nofit schem0$ 2025 2024 Dofin•d conlrlbutlon scheme8 Charge lo profil or loss In respB£t ol defined contrfbtstion 8chernes 44,375 33.040 The charity opÈrales a defined contribution penslon scheme for all quallfylng employees. Thg a389ts of the schemo are held separately from those ol the charity in an independently administered fund. 17 Unre8tr1ct•d fvnds The unrestricted funds of the charlty comprise the unèxpended balances of donktlons and grants whlch are nol subject lo specific conditions by donors and grantors as to how Ihey rnay be used. These includè dÈglgnaled furmls whlch have bean sel a81de out of unr8sfricted funds by the Iru8lees for specll]c PUiPOBes. At 1 Aug$t 2024 Incomlng rosourc•$ Rèsources expended Transfer¥ At 31 July 2025 Gen8Tal Fund Designal8d Fund- Redtjndancy General funds 354.135 60,000 691,014 1726,8251 318,324 60,000 414,135 691,015 1726,8261 378.324 17
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 17 Unrestrl¢ted funds Icontlnuadl Prèvlous y•ar: At 1 August 2023 Incomlng Te$¢)urc•$ R•sources •xp•ndod Transfers At 31 July 2024 General Ftjnd Designated Fund- Redundancy 336,574 46,536 626,255 1595,2301 113.464) 13.464 354,235 60,000 383,110 626,255 1595,2301 414,135 18 Analysls of net •gsets b•tw•en funds Unrfrstrieted funds 202S At 31 July 2D2S: T¥ngible assets CuThent aSSeIllabl1rtIeS> 498 377,826 378,324 Unrèstrlct•d funds 2024 At 31 July 2024: Tangible asse(s Current a88e18]Illabilitiesl 1,125 413,010 414,135 19 Op•ratlng l•ase commltrnent• L8ss•• Al Ihe reportlng end dale th8 ¢h8rlty had outstanding cotnmilmenls for futur8 minlmum l&ase payments under non-cancallablg operating leases, which fall due as follows.. 2025 2024 Within one y68r 1,507 18.
PROJECT CHALLENGE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 20 Rglatod party tfansa¢tion8 Thgre w4s related party transaction wilh Plus Public Affairs Limited lo thè sum of £25,89012024 - £25,645) for monthly Quality manager Service. 21 Cash lab80rbed byllgonerated from op&ratlon# 2025 2024 (Deficilllsurplus ft)r thg 135,8111 31.027 Adjustmgnls for.. IrsveslmeTTrI incomg recognised ill sla19menl of financlal acllvltles D8pr&cl8tion and Impaiimènt ol tangible fixad ass8ts 110.8791 627 112,6351 4.738 MovementB In WOTklng capltal: Ilncreas8yd8¢rease in d8bloT5 In¢rè8se cr8dilorg {19,5541 11,721 10,021 16.643 Cash (absorbed by}Ig•noratod from op•ratlong 153,8961 49.794 22 AnalyBl$ of Changes In ngt fund The charity had no rnalerial d8bf during the year. 19