Charity registratlon number 1062467 Company registratlon number 03360047 (England and Wales) THE PEOPLE MATTER TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Caladine chortered Certified Accountants THE PEOPLE MATTER TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Dr C Webb- Chaimian D Baker- Vice Chaimian C Grimaldi S Mackenzie D Ingham S Fffield (Appolnted 21 May 2024) Socretsry A Hughes Chl•f Executlvo Offlc•r A Glllard Charlty numb•r 1062467 Company numbor 03380047 Prlnclpal addre88 2nd Floor 55 South Street Eastbourne East Sussex BN214UT Regl8tered offlce Chantry House 22 Upperton Road Eastboume East Sussex BN211BF Independent examlner John Caladine FCCA CTA FCIE Caladine Limit8d Chantry House 22 Upperton Road Eastbourne Easl Sussex BN21 1 BF Bank•r8 HSBC 94 Temilnus Road Eastbourne East Sussex BN213ND THE PEOPLE MATTER TRUST CONTENTS Pago Truste8s' report statement of truste8s' respon8lbllitiés Independent exarninerfg report ststement of financlal actNitles Balance sheet Notes to the financlal statements 9-18 THE PEOPLE MATTER TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustees present their annual report and financial statements for the year ended 31 October 2024. The financial statement5 have been prepared in accordance with the accounting policiés set out in note 1 to the financi81 statements and camply wllh Ihe Irust's memorandum and articles of association, the Companies Act 2006 and "Accounting and Rèporting by Charities.. Statement of Recommend8d Practice appllcable to charitles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). ObJective8 and actlvltlea The Trust is a reglstered charity and a company Ilmlt8d by guarantee. The prlncipal activity of the trust, as a Christian ministry, is the relief of povety amongst unemployed persons through the provision of career infoTmalion, advice and guidance to assist them In gaining or being able to retain suitable employment. This activity is further extended to ernployed jobseekers looking lo change career. CIAG Services The principal acllvity of the Trust durlng the year was the delivery of career Informatlon, advlce and guidance {C.l.A.G.) to clients seeking suitable employment. Thls support was provid8d primarlly through one-to-on8 face-to- face appolntm8nts and workshops and by email and telephone. Most clients were unemployed, with a smaller number seeking to change lobs. The Trust continually monitors and rèviews engagement with client groups Identified by the Department for Education. We r8main committ8d to help a diverse range of clients irrespective of th8lr background or ablllty. Public benefit The Trusleas have paid due regard to guldanc8 issued by th8 Charity Commission in deciding what activities the trust should undertak8. Achlevemgnt8 and pertormance Significant activities and achi8vements against objectives 1-2-1 advlce Clients are usually referred by the local job centre or are slgnposted by other voluntary and stakntory agencies. They may also access services indèpendently. Thare is no limit to the number of limes individuals may receive support, although appointments wlth a carèers adviser are usually limited to one In each 12-month period. 918 new clients were hèlped durlng Ihe year {comparéd with 782), and there was a total of 4,172 clent sesslons (1-2-1 and sm811 groups) {compared with 3,964)- The main fundlng for core IAG services was from a contract with the Department for Education via the prime contractor, CXK Ltd for thè provision of career information, advice and guidance services, bolh one-to-one and in groups. and on achieving outcomes and reachlng targets. Workshops: are rogularly revlewed and thé followlng are usually offered A series of 2 workshops preparing clients for employment. A one-day Level 2 acC￿dIt8d Food Hygiene course. Addltlonal Servlces: Working for You (employer engagement and re¢ruitmenl support) Multiply (numeracy support) Moving on Up (for vulnerably housed) Support into Work (frjr UkrainSans) Mock Interviews Listening Service Ther8 are further details on Multiply, Moving on Up and Support into Work later in the trustees report. Outreach Services are prornoted through statulory and voluntary partnerships, community forums and recruitment fairs including The Big Futures Show and the Appr8nliceships Roadshow as well as at local job centre events. Outreach opportunities are regularly reviewed to meet identifi8d need and adviser capacity. THE PEOPLE MATTER TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Matrix Annual continuous improvement checks are carried out be￿een 3 yearfy cycles of reaccredltalion, to rèvlew progress and ensure that the standard is adhered to. Current accreditation ends in 2025. Genèral We review course content and delivery. and the Business Start Up provislon. We conduct regular audits of contract documentatlon to ensure quallty is maintained. We work to identify and research evolving client needs with a view to déveloping new services. In addition to government funding we seek alternative funding streams, including community funding, ¢orporale Sponsorshlp, events, trusts.18gacles and other major donors. Hlghllghts A key highlight for the year was the award of a funding contract by Ihe Home Office for us to support customers to apply for evlsas, a5 well as the contlnuatlon of contracts with East Sussex County Councll. Thls latter funded work falls inlo three main categorles - Movlng On Up IMOU), Support Into Work (Siw) and Mulllply. Translllon to eV18a - Homo Offlce Electronic vlsas (evlsasl are replaclng physical immigratlon documents {BRP8, BRCS, wet ink stamps in passports and vignette stickers in passports). The Home Office has contracted with People Matt8r to provide targeted communlty support to vulnerable cuslomers and those with complex needs to create an evisa so that th8y can prove their immigratlon status. Support is ￿O-fOld, firstly to help customers apply for a UKVI accounl and SUCC8ssfully Ilnk thelr evisa and travel documents and, secondly, to ensure customers understand how to access and use their new eV15a. Delivery is across the county at community venues and is demand-led where the need is greatest. A significant proportion of jobseekers have an Immigratlon status SO there h8s been a nalural synergy be￿een providing them with employablllty support and transitlon to evisa. Movlng on Up Moving on Up Is a county-wlde employability project 5UPPOrting individuals living in lempor8ry accommodation into paid émployment. The project crucially 8180 supports participants into Independent, secure accommodatlon (through SCDA). Moving on Up includes a mlx of one-lo-one mentoring, CV writing, application support and job matching, better off calculations and budgeting advice, employabilty support, small training interventions Imini-inlerventions). confidence building, longer learnlng and skills programmes and health and wellbèing initlatives. Alongslde this, a programme of émployer engagement actlvity helps lo Identify employeTS to offer posilions wlth trainlng. Employers are offered an incentlve to support new employeès wlth salaries and trainlng. Partlclpants {resldentsl are offéred a rental incentive {deposit and funds for whrte goods etcl to help them secure accommodation, and houslng broker to support them wllh finding, negotlating and applylng for rental accommodatlon{s). The primary role of the ¢harlty Is lo provlde one-lo-one support to jobseekèrs, liaislng wlth employers 8nd key partners (particularly SCDA} deliverlng the project. The charity 1$ also funded to organise and dellver MOU jobs falrs across Eastbourne, Wealden, Rother, Lewes and Hastings. Support into Work Initially set up by ESCC to support Ukrainians dlsplaced by the war, the prolect was subsequentty extended to include refugees from other countries to develop employabilrty skills to enable them to gain meaningful employment. The core tenets of the programme are to help peop18 move into paid work and in doing so increase independence and self-confid&nce', to utilise the ski115 Of the mlgrant workforce to their full potential., to provlde bespoke modules of support that help wlth a range of issues, inGluding UK work culture, housing, job searching, IntervEw preparation, employability, better off calculations and goal setting,. to reduce risk of homelessness through individuals earning money and having independence, especially in the case of Ukrainian guests in hosted accommodatlon. The primary role of the Charity is to provide one-tovone support to jobseekers, liaising and collaboratin9 Wlth key partners (SCDA and Hasllngs REP) in déllvering the project. Multlply The Multiply numeracy programme was launched by govemment in 2022 to improve people's ability to use maths in their dally lives, at home and work. Thls includes helping clients attain a formal qualification to open door5 for them (such as into a job, progresslon in a job, or progression to further sludyl and building confidence in numbers to SUPPOrt everyday Ilfe ski115. The wider offer includes aC￿$S to free flexible courses and initiatives Ihat fit around their Ilves - whether thls is in person or online, at work or in their own time (evenings, part time or intensivety). THE PEOPLE MATTER TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Our offer is 'Count on our Support, 12 hours of individualty tutored 18arner-led support with topics ranging from understanding time, budgeting & money management tips and helping their children with homework to preparing for GCSE Maths. 2025 and beyond Funding from the Home Office for ewisa, from ESCC for MOU and from DfE for Multiply will come to an end during 2025. The NCS contract has currently been extended to September 2025. The government has recently announced the creation of a new jobs and careers service to help peoplè get Into work and progress in work. It aims to transform JCP into a public employment serv1￿. alongside the National Careers SeNlce, to promote employment. tackle economic Inactivity and boost living standards. Connect to Work - the first programme under the n8w Get Britaln Working strategy lorlglnally called Unlversal Support and then Supported Employment) plans that by 202&2027 Connect to Work wlll support up to 1￿,000 people Into work. Flnanclal revlew Unrestricted funds showed a surplus in the year of £40,095. This compar8d to a surplus in the prevlous year of £30,901. Al 31 October 2024 unrestricted funds amounted lo £107,344 and rèstricted funds were £21,905. Reserves policy The charity relies on funding from various charitable trusts, grant making bodies and the support of indivlduals, in additlon lo ststutory funding. Trustèes have agreed that it Is desirable to have reserves equlvalent to three months General Fund expenditur8. structure, governance and management The trust is a regislered charity and a company limlted by guarantee. The trust Is managéd on a day to day basis by the Chief Executive offl¢er and support slaff. The Trustées meet regulady to Carry out the legal arxl fiscal oversight of the charity. Service Delivery - The Trust operates from its Head OITice at 55 South Street, Eastboume and responds to local need by taklng services into the community. Current venues are: Hailsham Library, St Elisabeth's Church Centre and Vlctoria Baptist Church In Old Town. The Gateway Centre, South Street Free Church, Eastbourne Job Centre, All Salnts Church Crowborough and Kings Church Heathfield. Services are delivered in accordance wlih the prlnciples of the natlonally Tecognised Matrix qualty Standard, Ihe standard for organisations deliverlng Information, advlce andlor guidance on learning and work. St8ffing - Therè are 37 team members. 15 of whom are salaried (374.25 hours per weekl and 22 volunteers {219 hours per weekl. There are a variety of work experience and volunteering opportunlties available for dients needinglwanting to gain experien￿. There are seven client advisers qualified for a Level 6 in care￿ Guidance and Development and one Gurrently studying to Level 4 Diploma In Information. Advi￿ & Guidance. The Trustees, who are also the directors for the purpose of company law, and who seNed durlng the year and up to the date of signature of the financial statements Were.. Dr C Webb- Chaimian D Baker- Wice Chaimian C Grimaldi S Mackenzle J Whiteman D Ingham S Fifield {Resigned 12 February 2024) (Appointed 21 May 2024) THE PEOPLE MATTER TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 ReGruitmant and appoinfmant of tmstees None of the Trustées has any beneficlal Interest in the company. All of the Truste8s are members of the company and guarantee to contribulé £1 In the event of a winding up. Additional Trustees are èlacted by the majoiity of the èxlsting Trustees. Only Trustees of a suitable splrltual and business maturlty are appoinled and traininglinductton procedurès are in place. The IrusteÈs' eport was approved by the Board of Trustees. Drc Webb airman Dale.. THE PEOPLE MATTER TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustees, who are also the directors of The People Matter Trust for the purpose of company law, are responsible for preparlng the Trustees, Report and thé financial statements in accordance with applicable law and United Kingdom Accounling Standards (Unitéd Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial stat8m6nts for each financial year which gvie a true and fair viéw of the stste of affairs of the trust and of the incomlng resources and application of resources. including the Income and éxp8nditure, of thé charitabl8 company for that year. In preparing these financial statements. the Twstees are requlrèd to: select Suitable accounting poll¢les and then apply them consistently., observe the methods and prlndples in the Charltles SORP: - make judgements and e$llmates that are reasonable and pwdent; state whether applicable UK Accountlng Standards have been followed, subject to any materlal dep8rtures disGIos8d and explain8d in the financial statements- and prepare the financlal statements on the golng concern basls unless It is inapproprlate to pre8ume that the trust will continue in operatlon. The Trustees are responsible for keeping adequale accounting records that dlsclose wlth reasonable accura￿ at any time the financial position of the trust and enable them to ènsure that the Ilnancial statements compty with the Companies Acl 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonabl8 Steps for the prevention and d8t8Ction of fraud and other Irregularltses. THE PEOPLE MATTER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEOPLE MAThER TRUST I report to the Trustees on my examination of the financial statements of The People Matter Trust (the trust) for the year ended 31 October 2024. Re8ponglbilitles and basls of report As the Trustéés of the trust land also its directors for the purposes of company law) you are responslble for the preparation of the finan¢lal statements in accordance with the requirements of the Companies Act 20(E (the 2006 Act). Having satisfied myself that the financlal statements of the trust are not requlred lo be audlted under Part 16 of the 2006 Act and are eligible for independent exarninalion, I report In respect of my examination of the trusl's financlal statements carrled out under sectlon 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applirable Dlrections given by the Charity Commisslon under 5ectlon 145{5)(b) of the 2011 Act. Indepgndent èxamlneV$ statement Slnce the trust's gross income exceeded £250,000 your examlner must be a member of a body Ilsted in section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l am a member of the Association of Chartered Certlfled Accountants, which Ss on8 of the listed bodles. I have completed my examlnation. I confirm that no matters have Come to my attentlon In connection wlth the examlnation givlng me cause to belleve that in any material respect: accounting records were not kepl In respect of the trust as requlred by section 386 of the 2006 Act: or the financial statements do not accord with those records., or the financial statements do not comply wlth the accounting requirements of section 396 of the 2006 Ad other than any requirement that the accounts glve a tru8 and fair vlew whlch is not a matter considered as part of an Independent examlnation., or the financlal statements have not been prepared In accordance with the methods and princlples of the statement of Recommended Practice for accounting and reporting by charltles appllcable to charltles preparing their accounts in accordance with the Financlal Rèporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have comè across no other matters In connection with the examlnation to which attention should be drawn in thls report in order to enablè a proper under8tandlng of the financlal statements to be reached. John Caladlne FCCA CTA FCIE Caladine Llmlted Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF THE PEOPLE MATTER TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrictsd funds funds 2023 2023 Total 2024 2023 Note8 Income from: Donations and legacies Charitable activS1Ses Other trading actlvities Investments 239,312 70.507 10 777 188,000 427,312 70.507 10 777 187,912 81,022 564 265 181,175 369.087 61,022 564 265 Total Income 310,606 188,000 498,606 249,763 181,175 430,938 Expendlture on: Ralsing funds Charitable activities 3,150 267,361 3,150 434,844 1,077 217,725 1,077 398,463 167,483 180,738 Totsl expondltur• 270.511 167,483 437,994 218,802 180,738 399.540 Net Income 40,095 20,517 80,612 30,961 437 31,398 Transfers beiween funds 17 (60) 60 Net movément In funds 40,095 20,517 60,612 30,901 497 31,398 Reconclllatlon of fund8: Fund balances at 1 November 2023 87,249 1,388 88,837 36,348 891 37,239 Fund balanee$ at 31 October 2024 107.344 21.905 129.249 67,249 1.388 88,637 The statement of finan¢lal activities includes all gains and losses recognised In the year. All Income and expenditure derlve from ¢ontlnulng activities. THE PEOPLE MATTER TRUST BALANCE SHEET AS AT31 OCTOBER 2024 2024 2023 Nots8 Flxed a880ts Tangible a$sets 13 12,675 7,037 Current asset8 Debtors Cash at bank and in hand 14 28,801 103,048 24,800 54,135 131,849 78,935 Credltors: amounts falllng due wlthln one year 15 (15,275) {17,335) Net current 088ets 116,574 81,800 Total as•ets le88 current Ilabllltles 129,249 68.837 The funds of the trust Restricted income funds Unr8strfcted funds 17 18 21,905 107,3H 1.388 67,249 129,249 68.637 The notes on pages 9 to 18 form part ofthese financial statements. The company Is entitled to th8 exemption from the audlt requirement contalned in section 477 of the Companies Act 2008, for the year ended 31 October 2024. The dlrectors acknowledge thelr responslbllitle5 for complylng with the requlremenls of the Companles Act 2008 wlth respect to accounllng records and the preparation of financlal staternents. The membérs have nol required the company to obtaln an audlt of Its financial statements for the year In question In accordance wlth se￿[on 478. These finandal statements have been prepared in accordance with the provlslons appli¢8ble to companles sublect to the small companles re9ime, The financia emenl8 were approv8d by the Trustees on .... Drcweb air an Company registratlon number 03360047 (England and Wdles) THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting pollcles Company Informatlon The People Matter Trust Is a private company Ilmited by guarantee incorporated in England and Wales. The registered officé Is Chantry House. 22 Upperton Road, Eastboume, East Sussex, BN21 1 BF. 1.1 Accountlng convention The financial statements have been prepared in accordan￿ with the trust's memorandum and articles of association. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" fFRS 102") and the Charities SORP "Accounting and Reporting by Charitles: Slatement of Recommended Practlce applicable to chantles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. {effectlve 1 January 20191. The trust is a Public Benefit Entity as defined by FRS 102. The trust has tsken advantage of the provlslons in the SORP for charllles not to p￿pare a Statement of Cash Flows. The financial statem8nts are prepared in st8rllng, whlch is the functlonal currency of the trust. Monetary amounts In these financlal statements are rounded to the nearest £. The financial statements have been prepared undèr the historical cost conventlon. The principal accounting policlès adopted are set out below. 1.2 Golng concern At the time of approving the financlal statements, the Trustees have a reasonable expectstion that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees contlnue to adopt the going concern basis of accounting in preparlng the financial statements. 1.3 Charftable funds Unrestrlcted funds are availab18 for use at the dlscretlon of the Trustees in furtherance of thelr charitable objectives. Designated funds comprise funds which have been set aslde at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restrlcted funds are subject to speclfic conditions by donors or grantors as to h¢)W they may be used. The purposes and use8 of the restrlcled funds are set out in the notes to the financlal statements. 1.4 Income Income Is recognised when the trust is legally entitled lo tt after any perfomance conditions have been met, the amounts can be measured reliably, and it is probable that income wlll be received. Cash donations are recognlsed on receipt. Other donations are recognised On￿ the trust has been notified of the donation. unless performance wnditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donatlon. Voluntary income and donations are accounled ft)r as recelved by the charity. Grants are recognised In Ihe statemènt of Financial Activllies in the year In which they are receivable. Grants received where 8 donor has imposed a condltlon specifying a tlme period over which the expenditure can take place are deferred as a liability and sub5equentty recognised a5 income over specified period. 1.5 Expendituro Expenditure is recognlsed once there is a legal or constnjctive obligation to transfer economic beneffl to a third party, it Is probable that a transfer of economic benefits wll be required in settlement. and the amount of the obligation can be measured reliably. THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting pollcles {Continued) 1.6 Tangible fixed assèt8 Tanglble fixed assets are initially measured at cost and subsequently measured at C05t or valuation, net of depreciatlon and any Impairment losses. Depreclatlon Is recognised so as lo write off the cost or valuation of asséts less their residual values over their useful lives on the following basls.. Fixtures and fittlngs Computers 33.3Yo Stralght-tlne basis 20¥9 Straight4ine basi5 The gain or Ios5 arlslng on th8 disposal of an asset Is determined a5 the difference be￿een the sale proceèds and the carrylng value of the asset, and is recognised in the statement of financlal aclivities. 1.7 Cash and ca8h equlvalent8 Cash and cash 8qulvalents include Cash in hand, deposits held at call wlth banks, other short-term Ilquid Investments wlth original maturities of three months or less, and bank overdraft5. Bank overdrafts are shown within borrowSngs in current liabilitiés. 1.8 Flnanclal instrumentg The trust has elected to apply the provisions of Section 11 'Baslc Financial Instruments, and Section 12 '0ther Financlal Instruments Issues, of FRS 10210 811 of its financial instruments. Financlal instruments are recognlsed In the trust's balance sheet when the trust becomes party to the contractual provislons of the instrument. Flnanci81 assets and liabilitles are offset, wlth the net amounts presented in th8 flnancial ststem8nts, when there is a legally enforceable right to set off th8 recognlsed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liablllty simultaneously. 1.9 Employee beneflt8 The cost of any unused hollday entltlemenl Is recognlsed in the perlod In which the employ8e's services are received. Terminatlon benefits are recognised Immedlately as an expense when the trust Is demonslrably commltted to terminate the employment of an employee or to provide temilnatlon benefits. 1.10 Rotlroment beneflt$ Payments to defined contribution rellremenl benefit s¢hemes are charged as an expense as they fall due. Crftlcal accountlng estlmate8 and Judgements In the application of the trust's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabiliti&s Ihal are not readily apparent from other sources. Thè estimates and associated assumption8 are based on hi51orical 8xperienGe and other factors that arè considered lo be relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Gurrent and future periods. 10 THE PEOPLE MArrER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Incomè from donation8 and legacies Unrestricted Rèstrlcted funds funds 2024 2024 Totsl Unrestricted Restrictsd fund8 funds 2023 2023 Total 2024 2023 Donations and gifts Legacies Grants Tax refunds 13,682 1.378 222,396 1,856 13,682 1,378 410,396 1,858 14,783 3,51]0 168,336 1,293 14,783 3,500 349,511 1,293 188,000 181,175 239,312 188,000 427,312 187,912 181,175 369.087 Grant8 ESCC Support into work ESCC Multiply grant ESCC Moving on up John Jackson Charitable Trust Wealden Communty Grant The Sussex Communlty Lottery Communty Fund Garfield Weston Foundation other 188,000 188,000 51.200 108,950 181,175 181,175 90,000 15,000 51,200 108,950 90,000 15,000 7,750 7.750 15,000 15.000 10,000 10,000 10,000 10,000 10,000 10,000 15,452 15,452 10,000 19,044 10,000 19,044 28,338 28,336 222,396 188,000 410,396 168,336 181,175 349,511 Income from charltabl• actlvltles Unr08trlctsd funds 2024 Unrestrleted fund8 2023 Charitable activltles Outwork funding (CXK) Other income 70,507 80,972 50 70,507 61,022 11 THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Ineoma from other trading actlvllles Unrestrictsd Unrestricted funds funds 2024 2023 Events Card salès 505 59 10 Other trading actlvllies 10 Income from Investments Unreslrfcted Unrestrlcted funds funds 2024 2023 Interest receivable 777 285 Expendlturn on ra181ng fund8 Unrn8trlcted Unrestrtcted fund8 funds 2024 2023 Fundralslng and publlclty Fundraising Events 3,150 1,050 27 3,150 1,077 12- THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Expgndliure on charltable actlvllles Charltable actlvltles Charitable activities 2024 2023 Dlreet costs Staff costs Depreciatlon and impaimient Tralnlng Rent, rates and water Repalrs and maintenance Bank charg8S Travel and entertainment Moving costs Cleanlng and Shredding Insurance Iirecoverabl8 VAT Subscriptions and Iic8nces Telephone and intemet Marketlng Prinllng POStag8 and stationery Computer costs Cllent and sundry expenses 343,153 6,352 250 29,693 606 76 958 332,885 3,977 2,516 5,607 875 204 755 7,111 3,410 3,264 5,948 5,149 5.454 3,429 3,098 8,705 800 1,157 3.829 11,895 8,955 4,565 3,812 4,400 9,877 1,083 428,859 393,187 Share of 8UPPOrt •nd governance cogts (see note 9 Governance 6,185 5,276 434,844 398,483 Analy819 by fund Unrestrlcted funds - general Restrided funds 267,361 167,483 217,725 180,738 434,844 398,463 13 THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Support costs allocatèd to actlvities 2024 2023 Governance costs 6,185 5,276 Charltable activitles 6,185 5,276 2024 2023 Gov•rnance cogt8 comprl•e: AC￿Un￿ncY Legal and professional Independent examlnation 2,075 2,810 1.300 3,126 2.150 8,185 5,276 There were payments to the independent examiner of £2.075 (2023.. £nill for accountancy services, £1,300 (2023.. £2,150) for the Independ8nt examination and £1,010 {2023.' £1,090) for other professional seNlces, i.e. payroll and registered offlce servlces. 10 Tru8tee8 None of the Trusteès lor any persons connected with them) recelved any remuneratlon or benefits from the trust durlng the year. Durlng the year the Trustees donated £720 In aggregate to the Trust (2023.. £860). 11 Employee8 The average monthly number of employées durlng the year was: 2024 Number 2023 Number 18 17 Employment cogts 2024 2023 Wages and salarles Soclal security cost5 Other pension costs 310,829 18,701 13,623 303,857 16,491 12,537 343,153 332,885 We estimate Volunteer hours (219 per week) provide an annualised value of £130,278 to the charty (based on £11.44 per hour) (2023.. £121,862 based on 215 hours perweek at £10.90 plh) 14- THE PEOPLE MATTER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 11 Employees