2023-12-31-accounts - Status Employment Ltd

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Status Employment Limited

Charity No. 1064752

Company No. 03395383

Trustees' Report and Unaudited Accounts

31 December 2023

Status Employment Limited Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report		5
Statement of Financial Activities		6
Summary Income and Expenditure Account		7
Balance Sheet		8
Notes to the Accounts	9 to	18

Page 1

Status Employment Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03395383

Charity No. 1064752

Principal Office

6 West Ways Gardens

Croydon Surrey CR0 8RA

Registered Office

6 West Way Gardens

Croydon Surrey CR0 8RA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

R. Elston

S. Fitzgerald

P. Hulme

J. Levett J. Oliver D. Umpleby (Resigned 4 October 2023)

Key Management Personnel

Key Management Personnel
Chair	J Oliver
Chief Executive	R Elston
Finance & Administration Manager	N Curtis

Accountants

Andrew Herring & Co 40 Clarence Road Chesterfield Derbyshire S40 1LQ

Bankers

Realiance Bank Limited Faith House

Page 2

Status Employment Limited Trustees Annual Report

23-24 Lovat Lane

London EC3R 8EB

OBJECTIVES AND ACTIVITIES

STATUS Employment's mission is to support disabled people in moving towards, gaining and remaining in work. We believe the most effective way to do this is by supporting individuals to find and hold down real paid jobs in the community and this is our long-term objective. We believe supported employment is the key to breaking the barrier to employment. Status Employment will always challenge disabling attitudes to ensure that work and training opportunities are a matter of equal right.

Status employment promotes the social model of disability, which asserts that people, policy and the built environment disable individuals.

In the short term we aim to move clients toward social inclusion and paid work and use the Individual Placement and Support (IPS) model to support disabled people into open employment involves:

Helping candidates access health and wellbeing programmes that involves a candidate's mental healthand helps them move onto employment projects.

Vocational Profiling: A method designed to out about a person's interests, skills, training and crucial support needs. For some clients this involves short work experience sessions to determine skill levels and test aspirations.

Job Search: Employment Consultants seek out employment opportunities with candidates and crucially, employers. We present a business case seeking to meet employer needs as well ensuring our client is treated fairly. Once a match occurs:

Job analysis: For all our clients there is a need to analyse the job and devise a tailored plan to ensure the appropriate adjustments are in place and expectations are properly maanaged for as long as necessary. As the person becomes independent, we withdraw support.

Job retention: We remain available to assist the employer and employee to deal with the work related problems. For example, an employee and emplyer may need future support if a candidate becomes unwell or, in managing the inevitable change that occurs in all work situations.

ACHIEVEMENTS AND PERFORMANCE

The year 2023 was a year of transition with austerity cuts having an effect on our supported employment’s mainstream funding. We continued to run our very successful ‘Improving Access to Psychological Therapies’ in Lambeth. This service is a vital service in helping people with a common mental health service who have employment issues to have advice and counselling and help the maintain and retain their employment.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status Employment is structured as follows: Chair of Trustees, Trustees, Chief Executive, Finance & Administration Manager, Senior Employment Consultants, Employment Consultants, Administrators. Trustees hold the overall responsibility of the Charity to ensure that our 'Mission' is fulfilled and that sound financial and managerial systems are in place. The management of the day to day activities are headed by the Chief Executive who reports directly to the trustees, he is assisted by the Finance & Administration Manager. Senior Emplyment Consultants work closely with the managers and manage the Employment Consultants.

Page 3

Status Employment Limited Trustees Annual Report

Trustees are appointed through networking, advertising and recommendation. It is important that the appointed trustees want to fulfll the aims and objectives of the Charity and have an understanding of the Social Model of Disability.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

J. Oliver Trustee 30 September 2024

Page 4

Status Employment Limited Independent Examiners Report

Independent Examiner's Report to the trustees of Status Employment Limited

I report to the charity trustees on my examination of the financial statements of Status Employment Limited for the year ended 31 December 2023.

Responsibilities 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountant, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements 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).

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

Ben Blakemore Chartered Accountant Andrew Herring & Co 40 Clarence Road Chesterfield Derbyshire

S40 1LQ 30 September 2024

Page 5

Status Employment Limited Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds 2023 £ 72,000 17,950 2,809 -	Restricted funds 2023 £ 529,892 - - -	Total funds 2023 £ 601,892 17,950 2,809 -	Total funds 2022 £ 612,137 28,357 1,308 205
92,759 441 9,436 20,743	529,892 7,142 44,439 676,560	622,651 7,583 53,875 697,303	642,007 13,500 52,694 592,121
30,620 -	728,141 -	758,761 -	658,315 -
62,139 (13,714)	(198,249) 13,714	(136,110) -	(16,308) -
48,425	(184,535)	(136,110)	(16,308)
48,425 105,721	(184,535) 234,281	(136,110) 340,002	(16,308) 356,310
154,146	49,746	203,892	340,002

Page 6

Status Employment Limited Summary Income and Expenditure Account

for the year ended 31 December 2023

Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year	2023 £ 619,842 2,809 622,651 753,718 5,043 758,761 (136,110) (136,110)	2022 £ 640,699 1,308
		642,007
		653,920 4,395
		658,315
		(16,308)
		(16,308)

Page 7

Status Employment Limited Balance Sheet

at 31 December 2023

at 31 December 2023
Company No. 03395383	Notes	2023	2022
		£	£
Fixed assets
Tangible assets	13	3,026	7,306
		3,026	7,306
Current assets
Debtors	14	110,770	110,568
Cash at bank and in hand		167,128	248,351
		277,898	358,919
Creditors:Amount falling due within one year	15	(77,032)	(26,223)
Net current assets		200,866	332,696
Total assets less current liabilities		203,892	340,002
Net assets excluding pension asset or liability		203,892	340,002
Total net assets		203,892	340,002
The funds of the charity
Restricted funds	17
Restricted income funds		49,746	234,281
		49,746	234,281
Unrestricted funds	17
General funds		154,146	105,721
		154,146	105,721
Reserves	17
Total funds		203,892	340,002

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 30 September 2024

And signed on its behalf by:

J. Oliver Trustee 30 September 2024

Page 8

Status Employment Limited Notes to the Accounts

for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Status Employment Limited Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

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

Tangible fixed assets and depreciation

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

Office Equipment % Over 3 years.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 10

Status Employment Limited Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 11

Status Employment Limited Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Total Expenditure on: Raising funds Charitable activities Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds 2022 £ 93,597 28,357 205 1,308 123,467 13,500 112,125 125,625 (2,158) (16,812) (18,970) (18,970) 124,691 105,721	Restricted funds 2022 £ 518,540 - - - 518,540 - 532,690 532,690 (14,150) 16,812 2,662 2,662 231,619 234,281	Total funds 2022 £ 612,137 28,357 205 1,308
			642,007 13,500 644,815
			658,315
			(16,308) -
			(16,308)
			(16,308) 356,310
			340,002

Page 12

Status Employment Limited

Notes to the Accounts

4 Income from donations and legacies

4 Income from donations and legacies
Unrestricted £ 72,000 72,000 Donated goods, facilities and services received NHS Croydon CCG NHS Lambeth CCG SLAM NHS Foundation Trust IAPT Croydon Self Employment Courses Other 5 Income from charitable activities 6 Income from investments 7 Other income 8 Expenditure on raising funds Unrestricted £ Fundraising trading costs 441 441	Unrestricted £ 72,000 72,000	Restricted £ 529,892 529,892	Total 2023 £ 601,892 601,892	Total 2022 £ 612,137
				612,137


	Unrestricted £ 441 441	Unrestricted £ 17,950 17,950 Unrestricted £ 2,809 2,809 Restricted £ 7,142 7,142	Total 2023 £ 11,258 74,129 444,505 - 92,759 622,651 Total 2023 £ 17,950 17,950 Total 2023 £ 2,809 2,809 Total 2023 £ - -	Total 2022 £ 34,247 133,801 338,790 11,702 93,597
				612,137
				Total 2022 £ 28,357
				28,357
				Total 2022 £ 1,308
				1,308
				Total 2022 £ 205
				205

			Total 2023 £ 7,583 7,583	Total 2022 £ 13,500
				13,500

Page 13

Status Employment Limited Notes to the Accounts

9	Expenditure on charitable activities	Expenditure on charitable activities
		Unrestricted		Restricted	Total	Total
					2023	2022
			£	£	£	£
	Expenditure on charitable
	activities
		9,106		39,092	48,198	48,254
	Governance costs
	Audit fee	330		5,347	5,677	4,440
		9,436		44,439	53,875	52,694
10	Other expenditure
		Unrestricted		Restricted	Total	Total
					2023	2022
			£	£	£	£
	Employee costs	15,658		594,174	609,832	521,378
	Motor and travel costs	49		782	830	2,746
	Premises costs	1,638		26,545	28,183	26,872
	Amortisation, depreciation,
	impairment, profit/loss on	293		4,750	5,043	4,395
	disposal of fixed assets
	General administrative costs	2,507		40,618	43,125	24,016
	Legal and professional costs	598		9,692	10,290	12,714
		20,743		676,560	697,303	592,121
11	Net expenditure before transfers
				2023		2022
	This is stated after charging:			£		£
	Depreciation of owned fixed assets			-		-
	Depreciation of assets held under finance			5,043		4,395
	leases and hire purchase contracts
	Auditors' remuneration			5,677		4,440
12	Staff costs
				2023		2022
	Salaries and wages			586,107		515,199
				586,107		515,199
	No employee received emoluments in excess of £60,000.
	The average monthly number	of full time equivalent employees		during the year	was as follows:
				2023		2022
				Number		Number
				21		17
				21		17

Page 14

Status Employment Limited Notes to the Accounts

13 Tangible fixed assets

Cost or revaluation At 1 January 2023 Additions At 31 December 2023 Depreciation and impairment At 1 January 2023 Depreciation charge for the year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 Net book values of assets held under finance leases and hire purchase contracts and included above At 31 December 2023 At 31 December 2022 14 Debtors Trade debtors Other debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals Deferred income	2023 £ 106,995 400 3,375 110,770 2023 £ 7,896 12,016 4,697 11,173 41,250 77,032	Office Equipment £ 101,164 763 101,927 93,858 5,043 98,901 3,026 7,306 3,025 7,306	Total £ 101,164 763
			101,927
			93,858 5,043
			98,901
			3,026
			7,306
			3,025
			7,306
			2022 £ 95,751 11,086 3,731
			110,568
			2022 £ 3,017 14,674 4,789 3,743 -
			26,223

Page 15

Status Employment Limited Notes to the Accounts

16 Deferred Income

Movement of the deferred income shown in Creditors: amounts falling due within one year

Deferred in current year At 31 December	2023 £ 41,250 41,250	2022 £ -
		-

Deferred income is funding received in advance in relation to Croydon Relief in Need.

17 Movement in funds

17 Movement in funds
	At 1 January 2023 - 30,164 200,763 3,354 234,281 105,721 340,002	Incoming resources (including other gains/losses) £ 11,258 74,129 444,505 - 529,892 92,759 622,651	Resources expended £	Gross transfers £ 47,611 (30,543) - (3,354) 13,714 (13,714) -	At 31 December 2023 £ 0 1 49,746 -
Restricted funds: Restricted income funds: NHS Croydon CCG NHS Lambeth CCG SLAM NHS Foundation Trust IAPT Croydon Self Employment Courses Total Unrestricted funds: General funds Total funds
			(58,870)
			(73,749)
			(595,522)
			-
			(728,141) (30,620) (758,761)
					49,746
					154,146
					203,892

Purposes and restrictions in	relation to the funds:
Restricted funds: NHS Croydon CCG NHS Lambeth CCG	Grant to provide supported employment for clients with mental health service users in Croydon. Grant to provide supported employment for clients with mental health
	service users in Lambeth.
SLAM NHS Foundation Trust	Grant to provide support to retain people work and provide supported
IAPT	employment service in Lambeth.
Croydon Self Employment	Grant to provide support to retain people work and provide supported
Courses	employment service in Lambeth.

Page 16

Status Employment Limited Notes to the Accounts

18 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets Net current assets Reconciliation of net debt Cash and cash equivalents Net debt	Unrestricted funds £ 3,026 151,120 154,146 At 1 January 2023 £	Restricted funds £ - 49,746 49,746 Cash flows £	Total £ 3,026 200,866
			203,892
			At 31 December 2023 £
	248,351	(81,223)	167,128
	248,351 248,351	(81,223) (81,223)	167,128
			167,128

19 Reconciliation of net debt

20 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Operating leases with expiry date: Within one year	2023 Land and buildings £ 4,600 4,600	2023 Other £ - -	2022 Land and buildings £ 4,300 4,300	2022 Other £ -
				-

21 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17