vdiuntary CENTRE Services AA 25 years of Helping Everyone to Make a Difference Annual Report 2022-2023 URBAN ## **‘Helping everyone to make a difference’** Voluntary Centre Services (VCS) is operated by Urban Challenge Ltd, a registered charity and company limited by guarantee. We provide support to the community and voluntary sector as a volunteer development agency and a local support and development organisation. Our Board of Directors are responsible for the governance of the organisation, we have a small corporate management team and three district based offices. Our services are delivered in three local authority Districts; Lincoln, North Kesteven and West Lindsey. Our mission is to enable the development of stable, thriving communities with the capacity to plan and manage lasting improvements to their quality of life. Our Core Values, which we seek to model in our behaviours are: - **Empowerment** – We see the potential of individuals and communities, and support their - development - **Quality** – We are committed to delivering high quality services and being recognised for the - skills of our team - **Integrity** – We demonstrate honesty, respect for others and trustworthiness in all we do - **Inclusivity** – We believe everyone has a valuable contribution to make, and we encourage - participation ## **Supporters and Funders:** **Chair's Report 2022-23** At the beginning of the year we concluded our non-clinical support to the NHS and Covid-19 Vaccination Programme, with the closure of the mass vaccination sites at Lincoln and Boston. We are extremely proud and grateful to have been part of such an historic and successful vaccination programme and playing our part in helping to keep our communities safe. Our Social Prescribing service has expanded during the year and we now have a team of seventeen Social Prescribing Link Workers who supported 1,563 people during the year. They are considered a key component of the Primary Care and Mental Health teams across Lincolnshire. The Greater Lincs MOVE project entered its seventh and final year. The project has played a significant part in supporting people furthest from the labour market to progress towards learning, training and employment. The project has achieved some excellent results and outcomes for participants, and is recognised as a model of good practice in delivering ESF funded provision through a network of local community and voluntary providers. Our Volunteering Brokerage service continues to unlock the community spirit that exists within our communities and our Volunteer Centres have been instrumental in the development of new volunteering opportunities and supported 605 volunteers to access local volunteering within their communities. With the cost of living crisis impacting on local groups and organisations, we have developed our funding advice and support through increased training, 1-2-1 support and a funding information portal which has helped us to support local groups and organisations to secure over £250,000 of funding during the year. The year of 2022-23 culminated in the celebration of our 25th birthday! We are extremely proud to have supported our communities for the last twenty five years and have a commenced a year long celebration of our achievements. Looking ahead, we are keen to build upon our collaboration with Lincolnshire CVS and will be exploring opportunities to strengthen our joint working and ensure we can safeguard the long-term future of our organisations and valued services. The Board wishes to place on record the remarkable support given by employees and volunteers; their dedication and commitment is an example of the remarkable team that exists to further the aims of our organisation. **----- Start of picture text -----**
N I Jackson
Chair
**----- End of picture text -----**
## **Volunteering** We believe that everyone has a valuable contribution to make to society. Volunteering is open to anyone and can bring great personal rewards. Whether you want a little help to start volunteering, have a disability, have experience of mental health issues or just need a confidence boost, our mentors can help you get started on your journey. - We were delighted to receive our Matrix reaccreditaiton in December 2022. - During 2022-23 we supported over 340 community and voluntary groups in West Lincolnshire through capacity building advice and support, helping local groups to secure over £257k of funding. - We supported 605 volunteers to access volunteering opportunities within Lincolnshire. - We continued to support the dveelopment of the Help My Street platform to support emergency response volunteering. - We calculate the value of volunteering in West Lincolnshire through our Volunteer Centres to be £1.27m ## **Group Support** If you have an idea for a community project, we can help you assess the demand for the service and set clear aims and objectives. We can support you in raising funds and identifying the right business model and advise you throughout the project. Additionally, community groups and projects can make use of our free service to advertise opportunities and recruit new volunteers. - We supported around 900 groups and organisations through the dissemination of information on events, resources and opportunities to develop the community and voluntary sector. We delivered 10 Funding Ready workshops and supported 46 groups to become funding ready. ## **Employability** Greater Lincolnshire MOVE is a seven year project aiming to help people into paid work through skills development and volunteering. - We continued delivery of the Greater Lincolnshire MOVE (Moving on, volunteering and employability) Project which supported 156 people overall with 34 securing employment. The ESF and National Lottery Community Fund project brings together a wide range of local community and voluntary sector partners to support people furthest from the labour market to progress into training, volunteering, learning and employment. Gainsborough’s Youth and Employer Support Project (YES) is a four year project supporting young people aged 16-30 in the West Lindsey area, delivered in partnership with Acis. - Through the YES Project our Youth Engagement Lead supported 37 young people that hadn’t been in employment, education or training through a holistic one to one support package to overcome their challenges and progress into volunteering and practical programmes developing skills as well as more formal training and apprenticeships, with 7 people gaining employment. ## **Social Prescribing** We offer support for people referred for Social Prescribing, enabling those in need to become more involved in community life, to improve their health and wellbeing. Social prescribing is person-centred; we can discuss how your health and wellbeing could benefit from you getting more involved in your community and what there is on offer in the local area. - Our Social Prescribing Service, supported 1,563 people with social, emotional or practical needs to access a range of local, non-clinical services and support, when a medical intervention of just treating clinical origins is not getting to the root of an individual’s problem. ## **Additional Activities** - Covid-19 Vaccination Programme. We continued to provide non-clinical staffing resources at the mass vaccination sites and are extremely proud and grateful to have been part of such an historic and successful vaccination programme and playing our part in helping to keep our communities safe. - Our Safer Streets programme has been successful in bringing together key strategic partners in Gainsborough's South West Ward and made significant strides in community cohesion for the area. The success of this programme has led to us securing additional funding and resources to further develop the Together Initiative in Gainsborough South West Ward over the next five years. - We have been fundamental in the development of the Lincolnshire Volunteers progrmame which aims to build upon and harness the momentum that has developed around volunteering, creating a lasting legacy for Lincolnshire and support the Lincolnshire ICT Digital Strategy through digitally enabling staff and developing a digitally empowered population. - Our Lincoln team have continued to support the Neighbourhood Boards and Lincoln Neighbourhoods Together Network (LNTN) to develop their independence and deliver a range of events and activities across their local communities. - Our free online training for community groups continues to be well used, offering over 80 courses free of charge to learners across the sector. Over 600 courses were completed throughout the year. - The Gainsborough Local Access Programme (GLAP) continues to developed and supports local social businesses and enterprises to thrive and grow. - Partnership working continues to be very important in maintaining our strong and cohesive sector. We Chair the VCSE Alliance and continue to work closely with partner organisations within the Involving Lincs community and voluntary sector consortium for Lincolnshire. - We are part of the Lincolnshire Voluntary Engagement Team (LVET), working collaboratively with partner organisations to ensure the community and voluntary sector is engaged and embedded within the Lincolnshire health and care system. - We have supported the development of the Local Motion partnership in Lincoln which is funded by a collaboration of six national funders that would like to play their part in facilitating systemic, positive change in six locations facing economic, environmental or social challenges. - We continue to support The Network in Lincoln through our role as the financial accountable body for the DWP funded support for young people within the City. - Our senior management team member continues has been seconded to LVET in the role of Social Prescribing Development Lead for Lincolnshire. - Multiply – We have commenced delivery of the Multiply project for Lincolnshire, bringing together VSCE partners to provide a range of practical and innovative support for people to develop their maths skills ## **Statement of financial activities and balance sheet for the year ending 31st March 2023** **----- Start of picture text -----**
Unrestricted Funds Restricted Funds Total 2023 Total 2022
£ £ £ £
INCOME & ENDOWMENTS FROM:
Investment Income 14 - 14 -
Charitable Activities 21,922 2,121,123 2,143,045 2,103,789
TOTAL INCOMING RESOURCES 21,936 2,121,123 2,143,059 2,103,789
EXPENDITURE ON:
-
Raising Funds 5,000 5,000 4,000
Charitable Activities 25,481 2,093,402 2,118,883 1,957,911
TOTAL RESOURCES EXPENDED 30,481 2,093,402 2,123,883 1,961,911
NET INCOME / EXPENDITURE (8,545) 27,721 19,176 141,878
TRANSFERS 15,758 (15,758) - -
NET MOVEMENT IN FUNDS 7,213 11,963 19,176 141,878
RECONCILIATION OF FUNDS
Total Funds Brought Forward 294,695 146,107 440,802 294,854
Total Funds Carried Forward 301,908 158,070 459,578 440,802
2023 2022
FIXED ASSETS
Tangible Assets 3,663 9,483
CURRENT ASSETS
Debtors 55,740 8,973
Cash at Bank and in Hand 411,288 426,426
467,028 435,399
CREDITORS
Amounts falling due within one year 10,713 4,080
NET CURRENT ASSETS 456,315 431,399
TOTAL NET ASSETS 459,978 440,802
THE FUNDS OF THE CHARITY
Unresricted Funds 301,908 294,695
Restricted Funds 158,070 146,107
TOTAL CHARITY FUNDS 459,978 440,802
**----- End of picture text -----**
Lincoln c/o City Hall Beaumont Fee Lincoln LN1 1DF 01522 551683 North Kesteven West Lindsey The Old Mart c/o Guildhall Church Lane Marshall’s Yard Sleaford Gainsborough NG34 7DF DN21 2NA 01529 308450 01427 613470 Voluntary Centre Services info@voluntarycentreservices.org.uk www.voluntarycentreservices.org.uk Voluntary Centre Services is a service of Urban Challenge Ltd. Registered charity no. 1072949. A company limited by guarantee. Registered in England No. 3438413 URBAN CHALLENGE LIMrrED Company liumber: 03438413 Charity Jumber: 1072949 Flllanei41 Accounts for the year ended 31" MArch 2023 Saul Fairholm Limlted Cbartered Accountants 12 Tentereroft Street LillcolD LN5 7DB SAUL FAIRHOLM URB￿￿ CHALLEI%GE LLMITED Financial Aecoullts for the 'ear ended 31" March 2023 cO￿TENTS Company Inforn]ation Chairnian's Report Report of the Trustees 9-11. ]ndependent Auditors, Report 12. Statement of Financial Adivities 13. Summary Income and Expcnditurc Account 14. Balance Sheet 15. StatcmeDt of Cath Flows 16-25. Notes to the Accounts SAUL FAIRMOLM URBAN CHALLEIIGE L￿TED Financial Accounts for the ear ended 31" March 2023 Reference &nd Administrative detalls DIRECTORS AND TRLISTEES: Mr N I Jackson (Chainnan) Mr l E Extance Rev L Wkntfield MT G White Mr B Uduji MrPKDrury Mr G Hewson- resigned 19 June 2023 Ms S Hardy- appoint¢d 19th June 2023 Mrs S BuTke- appoinfrd 19 June 2023 SECRETARY: Mr B Rollett REGISTERED OFFICE: City Hall Beaumont Fee Lincoln LNI IDJ AuD￿ORS. Saul Fairholm Lttnited Charw¢d Ac¢ountants 12 Tentercroft Street Lincoln LN5 7DB SOuc￿oRS. Chattertons St SThithin's Court I Plavian Road Nettleham Road Lincoln tN? 4GR BLNKERS: Co-operative Bank PIC POBOX 101 l Balloon Street Manchester M60 4EP COMPANY L¥UMBER: 03438413 REGISTERED CHARTfY ryUMBEIL" 1072949 SAUL FAIRHOLM URBILN CHALLEfiGE LIMrtED Chairman's Re ort for the ear ended 31" MArch 2023 At th¢ b¢ginning of the year we ¢oncluded our non•clinical 5UPPOrt to the NHS and Covid_19 Vaccination prO￿t. with the closure of the vaccination sites at Lincoln and Boston. We are extremely proud and grateful to hav¢ b¢eD part of such an hTstoric ar￿ su¢¢essfvl vaccination progran]me and playing our part iti helping to keep our communities safe. OUT 80cial pr¢sGribing service has expanded during the year and we now have a team of seventeen Social Prescribing Lit]k Workers who supponed 1,563 people during the year. They ar¢ considered a key component of the Prirnary Care and Mentsl Health teams across Lincolnshire. The Greater Lincs MOVE project entcred its seventh and final year. The project has playcd a significant part in supporting p¢ople fiJrthes¢ from the labour market to progress towards learning, training and enlployment. Th¢ project has achieved some excellent resuits and outcomes for parti¢ipants, and is recognised as a model of good practice in delivering ESF funded provision through a netwo￿ of local community and voluntary providers. Our Volunteering Brokernge service continues to unlock the community spirit that exists withill our ¢ommunities and our Voluntrer Centres have been instrumental in the deTr'elopment of new volunteering opportunities and supported 605 volunteers to access local volurLteering Thithill their ¢ommunitic5. With the cost of living crisis impacting on local groups and organisations. we have developed our fi]nding advice and support tl]rough iThcreascd trainin& 1-2-L support attd a funding information portal which has helped us to support local group5 and organisatioDS to secure over £250.000 of fullding during th¢ year. The y￿r of 202?.23 culminated in the celebration of our 25 birthday! We are extremely proud ¢0 have supported our communities for th¢ l&st twenty five years and havc comtnenccd a year long celebration of our achievements. Looking ahea ACTIVITILS The aims of the Company are: i) To develop the capa¢ity and skil]s of the socially and economically deprived commuDities in Lincolnshire, making them better abl¢ to identify and meet their own needs and so particip&te more fijlly in society. 2) To engage in srtial r¢g¢neration activities to improve the quality of life for people living in Lincolnshire through.. Capacity building - equipping people with the skills and knowledge to takc all active roL¢ in regeneration issues and ￿ce their own peTsoll91 development Community economic development - helping indivithlals and groups support their wmmunity through developing sustainabl¢ entcrprises 3) To promote and facilitate participation in volunteering and social action. 4) To promote any charitable purposes for the benefit of the commutiity including the relief of poverty, advau¢¢mellt of eduLxtion and such other purp08es as the trustees shdl fiL Our mission is lo enable the development of stable. thriving communities with the capacity to plao and manage lasting improvements to their quality of life Our vision is of a strong and prfractive community and volunlary seetor improving the lives of people in Lincolnshir¢ The Company obtained clwitsble status on 14th December 1998 and is a Company Lin]ited by Giwrall*e, governed by its Memorandum and Articl¢s ol Asswiation. On 20, June 2005 the governing document was amended to expaud the charitable knea of Benefit to Lincohthire (it was previously focussed on the City of Lincoln). Public Benefit Statsment The Company aims are translated into two core them¢s: l. Development of the Community and Volontary S¢etor'. Influence: W¢ support local voluntary organisations and Community groups to inAuenc¢ policies. plans and practices that have an impact on their organisatiolls and beneficiaries. Development: We support tb¢ idenlificatioTh of Deeds ID the local conllnunity and fR¢ilitate imiovation and improvements in service provision to meet those needs. SAUL pAirèHOLM URBAN CHALLLNGE LI￿￿rrED Re ort of the Trustees for the ear ended 31" March 2023 OBJECMTS AM) AcfiviTILS (C0￿,T.D) Support: We equip voluntary organisations and community groups witb the tools alld infonnation they need to belp them make a difference in the communities they work in. We provid¢ training and supw)rt on a wide range of topics to empower the voluntary and community sector tt) become more resilient. Collabor4tioD'. We facilitate effective communication and collaborntion among8t loeal voluntary organisations and community grow￿ and bettveen different sectors. 2. Development of Volunteerine Vofice of Volunteering: W¢ deliver positive me&wes about the benefits and diverse natur¢ of volunteering and Support local orgdnisations to market their opportunities to th¢ widest possible audience. Volunleer Brokerage: We provide a Matrix accredited interview and matching service, supporting volunteers, host organisations and con]muwtieg to get the rnost out of volunteering opportunities. StrAteghc DevelopmeDt of VolunteeriDg: We priori(ise the steps needed to address 158ues which have the greatest impact and relevance on v4)lunteering locally. Good Practlce DevelopmeDt: We provtde quality volunteer management leaming provision to volullteer involving organisations. Developlng Volunteering Opporthnities: We work in close parlnership with lo¢al volunteer involving organisatioDS. to ￿de[Stand the potential for. and tsi develop volwjteering within the community. ActI￿ty & Achievements During 2022-23.. We 8UPPOrted 346 cornmunity and voluntary groups in West Lillcolnshire thTougb capacity building advice and supporL helping locat groups to secure £257.800 of funth'ng. We supported 605 voluntecrs to access vohmt¢¢ring opportuniti¢s wilbin Lincojnshire. We calthte the value of volunteeTing in West Lin￿]nShIr¢ through our Volunteer Centres to be £851,966. We supported around 1.000 groups and organisations tljrough the dissemination of infonnation on ¢vents, resources and opportunities to develop the community and volutLtary sector. We delivered 10 Funding Ready workshops and SUp￿>rt￿]46 groups to b¢com¢ fimdin8 ready. SAUL FATRHOLM URBLI CIIALLENGE LIMTfED ort of the Trustee5 for the ear ended 31. Mareb 2023 OBJECTIVES .4ND ACTIVITIES (CONT'D) We contÈnued delivery of the Gtrater Lincolnsbi￿ MOVE (Moving on, volunteering and employability) Project which supported 156 people overall with 34 securing employment. The ESF and Big Lottery fi￿ded project bIings together a wide raJ)ge of I￿1 community and voluntxry sector partners to support people furthest from the labour market to progress into training, volutLteerin learning and employment. Through the YES Project our Youth Engagement Lead supported 75 young people that hadn't been in ¢mploymeTht, education or training through a holistic one to one support package to overcom¢ their challenges and progress into volunteering and practical programmes developing skills as well as Jnore forn￿1 training, apprenticeships, and employment. Our Social Prescribing SerYi¢e, supported 1.563 people with social. emotional or practical needs to access a range of local, non-¢lini¢al services and supporL when a medical infrrvention of just treating clinical origins is not getting to the root of an individual's problem. Covid-19 Vaccination Progr8mm¢- during the year we concluded our non-clinical support to the NHS id Covid-19 Vaccination Programme, with the c105ure of the vaccination sites at Lincoln and Boslon. We are extremely proud and grateful to TrLaYe been part of Such an historic and su¢¢essfjJl vaccination progran]me and playing our part in helping to keep our communities safe. Wc w0￿ed collabordliv¢ty with partner agencies across the South West Ward of Gainsborough to develop a cohesive approach lo addr¢ssing issues of concern to r¢sidents and th¢ community througb a new initiative known as Togeihu. FINANCIAL RKVIEW The net movement in fimds of the Company for the year was a surplus of £19,176 (2022 surplus of £141.S78), of which a surplus of £7,213 (2022= surplus of £124,536) relatcd to UDrcstrictcd rcservcs and a surplus of £11,963 (202?: surplus of £17,342) re]ated to restiicted reserves. The unrestricted surplus ariges in part due to £15,758 (2022: £123J28) contiibution to indirect ov¢theads frotn restricted funding sources in line with the relat¢d funding agreements whicb has been allocated to unrestricted reserves as a transfer between fimds. RESER&'ES POLJCY The T￿￿tee8 regularly review the Teseryes of tlle Charity. This review encompasses the nat￿e of the income and expeJ)diture streams and the need to nlaintain adequate working capital for all core costs and liabilities. The Trustees have estabb.shed a policy whereby tbe unrestricted funds held by the Charity sbouia include between three and six months core costs. which currently equates to £175,000 to £350,000. During the l&sl two years the Cliarity bas planned to increase unrcgtricted reserves by i excess of £20,000 pcr annum in the current year and in th¢ next year to restore unrestricted reserves to th¢ir target buffer amount. INVESTMEliT POLICY There are no restrictions on the ComFdny'S tK)wer to iDv¢st. The investment strategy is sd by the Trustee8, rcgularly Teview¢d, and takes account of recent demands for fuuds. The TTh￿te¢S consideT income tequirements and risk profiles in formulatiDg this strategy. SAUL FAIRHOLM URBAN CHALLEI'GE LIMtTED ort of the Trustees for the ear ended 31 .Marth 2023 STRUCTURE GOVEILYANCE Ahl) TrLL)AGE.fyIE)'T The org8J)isation's services are delivered in three local authority districts, and have b¢¢n organised and tern]ed to reflect local circunLStances. Services are therefore delivercd locally as Voluntary Centre Services. The VCS brand stands for Voluntary Cerytre Services and is the unthrella brand under which the Volunteer Centre lic¢nce and logos appear. The affairs of the orgaDisation osc nwiaged by the Board of Directors. Appointments to the Board are detemined by the company membership at the Amiual Genernl Meeting. Th¢ Board deliver in line v/ith Trustee and management Colllluittee National OccupatiotMI Stsndar(Ls: Safeguard and promote the v8lues and mission of the organisation Deternline the strategy and st￿￿ture of the organisation Ensure the organisation operates in an effective, responsible and accountable manner Ensure the eifective functioning of tbe organisation's board The DlrectorslTn￿tee$ meet at least quarterly to administer the CoLllpany.. malang decisions jointly. The day to day management of the Charity is delegated to Ben RolletL the Chief Executive and Secretary. The management of the area offices is Undertaken by the Area C￿ordInatOrS. The stsff team L5 SUPPOrted by a team of arouttd 25-40 volunleers. Th¢ Charity is committed to delivering se￿i¢¢S which are.. resw)nsive to local circumstances. developed in response to consultation Thith beneficiaries and stakeholders. well plann¢d and managed. carL be effectiYeEy monitored and evaluated. Quality standard frameworks. &5sessments and am'ards are tools thai we to track alld demo[￿te tbis commitmenL There are cutrently 3 quality assurance standards th8t we 0￿rate to.. Volunleer Centre Quality Awards (VCQA) NAVCA Quality Awards Matrlx Quality Award TRLSTEES KFSPONSIBTt,ITIES The Trustees are responsible for preparing the Ar￿Ual Report alld the financial statements in accoTdaDce with applicable law and regulations. Law applicable to Charitable Companies in Engl8Thd and Wales reqUi￿S the Trustees to prepare accounts for each f￿￿n¢la1 year. Uuder that law the Trustees have elected to prep¥Je the fillancial statemenls in accordanc¢ with United Ktngdom GetLcrally Ac¢ept¢d Accountillg Practice (United Kingdom Standards and a￿liCable law). The financial statements are required by law to givc a true and fair view of the slate of affairs of the Charitable Company and of the financial activities of the CEwitable Comp&ny for that perio(L tn preparing those a￿Ounts the Tn￿te¢S are Tequired to.. select suitable accounting policies and then opply them consistently; makc judgements and estimates (hat are reasonable aJ)d prudenL follow applicable accowlting stalldard8 and statements of reconunended practice, subject to any malerial d¢partur¢s di￿105ed and explained in the accouJ)ts' prepare the accounts on the goillg COnc￿n basis unless it is inappropriate to preswne that the Charitsble Company will conlinue in business. FAIRHOLM t]RBAN CHALLEThGE LIMtrED ort of the Trustees for the ear ended 31" March 2023 (Cont'd) TRLSTEES RESPONSIBILrtlES (CONT'D) The Trustees are responsible for keeping adequate a¢￿untIng records which dise105e with reasonable accuracy at any time the financial position of the c￿￿ltable Company and to enable them to ensure that the accL)unts comply with the Trust Deed, Charities Regulations and the Companies Act 2￿6. They are also responsible for safeguarding the assets of the CEwirable Company and hence for takiThg reasonable steps for the PTeveotioTh and detection of fraud and other irregularities. DISCLOSURE OF INFROMATIOi% TO AUDTfORS Ea¢b of the persons who are Trustees at the lime when this Trnstees, report is approved bas confirmed that.. ther¢ is no relevaat audit infOrn￿tion of which the Charitable Company's auditors are unaware, and the tntstees have taken all ￿epS that they ought to have taken to make themselves &waT¢ of atty relcvant audit infomiation and to establish that the auditors arc aware of that infonnation. RISK REVIEW The Trustees Tegularly review the major risks to which the c1￿￿ty is exposed and systen]s have been ¢stablishcd to mitigate those risks. Projects are generally for a 1-3 year perii)d and during this time the key focus is on securing sustainable fimding for the duration of the projcct. A core staff team are retained with additiollal support staff appointed to deliver Specific projects in line and for the duration of funding for thosc projects. External risks to funding havc led to the developn]ent of an action plan to allow for thc divcr3ification of fimding and activitie5. Internal risks are [DIni￿ed by the implerneutatiott of procedures for authorisation of all transactions alld to ensure consistent quality of delivery for all opcrational &%pects of the charitable company. These Proceth￿eS are periodically revAewed to ensure that tbey still mect the necds of the Charity. GRATr￿ MAlaNG POLICY Where funding and Contracts allow for grant making. the Company invites applications for small grants from Ibird sector groups and orgaDisatioDs which support the Company's aims. The grant appLication and approval proce&ses are detern]ined by the fjjnding agency and enacted in line with policies approved by the Tn￿ttts. AUDrroRS Approvcd by OTdcr of thc members of the Ex)ard of Thc auditOT5, Saul Fairholm Limite(L have indicatd their willinglle&s to continue itL office. Thc desigllaled Tn￿te¢S will propose a motion re2PPOlllting the auditors at a meeting of the Tn￿te¢s. REFERENCE A￿D ADMIIYLSTRATIVE DETAIts The Charity registration number is 1072949 and the Company Tegistration nunther is 03438413. The r¢8lStered office of the Company is City Hall, Beaumont Fe4 Linco￿ LNI IDJ. SAUL FAIRHOLM URBAN CHALLE.NGE LIMrrED Re ort of the Trustees for the ear ellded 31" Mareh 2023 (Collt'd) DIRECTORS TRUSTEES The Directors of the Company, who ore also its Tnjstees for the pury)05e of Clwity Law, at the end of the year and to the date of approval of this report wete: Mr N I Jackson (Chairman) hfr I E Bxtance Rev L ￿TrItfield Mr G White Mr B iiduji MrPKDn Mr T Hewsoll- rESLgned 19 June 2023 Ms S H8rdy- appoinied 19 . June 2023 Ms S Burke - appointed 19 June 2023 OTHER RELEVANT ORGMUSATIONS The Charity's solicitors are chattert0￿, St Swithins COU￿ i Havian Road Nettleliam Road, Linco LN2 4GR. The Charity'5 bank¢rs are Co-operative BaDk plc, PO BOK 101. l Balloon StrecL Manchester, M60 4EP. This report has been prepared in accordaThce with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. BY OIU)ER OF THE BOARD Authorised for issue on 14 December 2023 B Rollett - Secretary SAUL FAIRHOLM INDEPENDENT ALTDrroRS' REPORT TO THE MEMBERS OF URBA1% CHALLEN"GE LDIITKD OPINION We have audited the financial statements of LTTban Challenge Limited (the "ChaTAtable Company") for the year ended 31# March 2023 which comprtse the StateDJent of Financial Activities, the Balance Sh¢¢l, Statement of Cash Flows and not¢s to the financial statements, including a summary of significant accouating policies. The financial reporting framework that has been applied in their preparntion is applicable law and United Kingdorn Accounting Standar(Ls, including Financial Reporting Standard 102: The Financial Reporting StatLdard applicable in the UK (United Kingdom Generally Accept¢d Accounting Prd¢tice). In our OP]DiO￿ the fjnancial stst¢ments:_ give a ttue and fair view of the 3tate of the Charity's affairs as at 31 March 2023 and of its incoJ]ing resources and application of resources for the year then ended; have been properly prepared in accordallce with United Kingdom Gene￿IlY Acc¢pted Accounting Practice; have been prepared in accordanc£ with the requiretrL¢nts of the Companies Act 2(K)6. BASIS FOR OPINIO We conducted our audit in accordance with International Standards on Auditing IUK) USAS (UK)) and applicable law. Our re5ponsibilitics under those standards are further desrribed in the Auditor's responsibilities for the audit of the financiat statements section of our rep)rt. Wc ar¢ independelll of the Charitable Company in a¢cordancc Trith the ethic21 rcquirements that are relevant to our &udit of the fllwici&l .siatemcnts in the UK including the FRC'S Ethi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance witb these requiTements. We beIieve that the audit eviden¢e we bave obtained is sufficient and appropriate to provide a basis for our opinio CONCLUSIONS RELATThG TO GOLNG CONCEK7y auditing the financial statements, we have concluded thai the tr￿SteeS. use of the going concern basis of accountlng in the preparation of the financial stateffjents is appropriate. Based on the work we have perfornied. we have not identified aDy mafrrial ullcertainties relating to events or conditions thaL ind1vith￿llY or collectively, may cast significant doubt on the Charitable Company'8 ability to Continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tr￿sleeS with respect to going concern are described in the Televant sectioDS of this report. OTHER INFORMATION Thc trustees are responsible for the othcr iDforn?ation. The otber infonn2tion comprises the information included in the annual report other than the financial 5Lknents and our auditor'8 report thereon. Our opinion on the financial statements does not ￿Ver the other iJ)fomation and, except to the extelll otherwise explicitly stated in our repo￿ w¢ do not expr￿ any fonn of &8surdn¢¢ Conclusion thereo In connection with our audit of the financial statements, our responsibility is to read the other inforn]ation and. in doing so. consider whether the other infonnation is materially inconsistellt with the financial statements or our knowledge obtained in the audit or othenvise appears to bc materially misstated. If we identify such material inconiistencies or apparent material misstat¢m¢Dts, we are Tequired to determine whether there is a material misstatetllent in the financial stalen]ents or a material misstatement of the other infoTmation. If, b&sed on the svork we have perf0m￿d, we conclud¢ that ther¢ is a material mi&staiement of this other iufornkation. we are required lo report that fact. We have nothiTLg to report in this regar(L SAUL FAIRHOLM io. INDEPENDLYI. AUDfA'ORS' IILPORT TO THE I¥IEfilBERS OF URBAN CHALLE￿GE LIMITED (CONt'D) OPINIONS ON OTHER MATTERS PRLSCRIBED BY THE COMPANIES Acr 2006 In our opinion. b&sed on the work uThdert8ken in the course of the audit:_ the inforn]ation given An the t￿ste¢S, report {illCOTporating the 5tratsgic re￿}rt and the directOTS' report) for the financial year for which the financial statements are pr¢p&red is consistent with the finatLcial statetllents. and the tLUStees' report (incorporating the strategic re[￿ atKI the dir¢ctors' report) have been prepared in ￿cordanCe with 8pplicable legal requirements. I￿TTERs ON IVHICH WE ARE REQL'IRED TO REPORT BY EXCEvrIoN In the light of the knowledge and widerstanding of the Charity and its environment obtained in the Course of the audit, we have not identified material misstatemenrs in the Tn￿lee8, Annual R¢port including the Strategic Report. We have nothing to report in respect of the following matt¢rs in relation to which the Companies Art 2006 requires us lo report to you 1£ in our opinion:. adequate accounting records have noi been kept or returns ad4uate for our audit have not been received from branches not visited by us. the financial statsmcllts are not in agrccment with the accounting records and retL￿n5. certain disclosures of ￿￿$tees, rwnunerdtion specified by law are not made. or we have not obtained all the infornmtion and exp]aDations J)￿eSsary for the purposes of our audit. the trustees werc not cntiilcd to prepare the f]nanciai statements in accordance with the SMAII companies rcgitnc atLd takc advantagc of thc small companies. exemptions in preparing the tru5tccs' report and from the requirement to prepare a strategsc report. RESPONSIBILITIES OF THE TRLSTEES As explaincd morc fully in the trustees, responsibilities statement Set out on pages six and seven, the tn￿teeS are responsible for Éhe preparation of the fll]ancial slatemcnts and for being iatisfied that they give a true and fair view. and for such internal control as thcy dctcrn)ine is ncccssary to enable the preparation of financial statemeDts that are free from material mi&4tatement. whether due to fraud or error. In preparing the Iinancial statements, tbe trustees are ttsponsible for a￿eSSIng the Charity's ability to continue as a going concern, discloi+ing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to iiquidale the Charity OT to cease operations. or have no realistic alternative but to do so. OUR RESPOIYSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtsin r￿SOnable assurance about ￿thether tbc financial statements as a whole are free from material misstat¢ment. whether due to fraud or e￿Or. to issue an auditor's report that includes our opinion. Reasonable assurnicc is a high level of a6sufdnce, but is not a guar&ntee that an audit conducted in accordance with ISAS (UK) will always dcteGt a material misststement when it exists. Misstatements can arise from fraud or error and are eon5idered material if. individually or in the ag￿egate, they could reasonably be expccted to itffluellc¢ tELe ¢wnomic decisions of users tsken on the basis of these fllwicial statements. SAUL FAIRHOLM ii. INDEPENDEYI ALTDITORS, REPORT TO THE MEMBERS OF URBLY C￿￿LLE.￿GE LL%trrED {coNr'D) OiJR REI SPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATE￿￿￿Ts (Cont'd) Irregulartties, includiog frau4 are instances of non-compliance with laws alld regulations. We design procedures in line with our respon5ibiliti¢s. outlined above. to detect material misstatements in respect of irTeguLarities. including fraud is detsiled below.. We have identified &reas of laws and regulatioL8 that couId reasonably be expected to have a materiol effect on the fllw]cial statements from our general commercial experience, knowledge of the sector, a review of rcgulalory and legal correspondence and tlwough discussions Triih Tn￿e8 and other management obtained as part of the wotk required by auditing standards. We have also discussed with the Trustees and other management tbe policies arLd procedures relating to c1)mpli￿Ce with laws and regulations. We commutiicated and regulations thxoughi)ut the team and milled alert to any indicatioDS of non-compLian¢e thToughout tELe audit. The pot¢otial impact of different laws and r¢guLations varies considerably. The Charitable Company is subject to laws 8nd regulations that directly impact the financial statements and we hav¢ assessed the tent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportullities for fiiudulent manipulatt'on of the financial statements (including risk of override of controls) and d￿¢m)ined that the principal risks were related to management bias in accounttng estimates and judgemental are&s of the financial statements such as depreciation of tangible r￿ed assets. We ca￿lled out detailcd substantive tests on accounting eslin￿tes, including revicwing the methods Used by management to make those estxmat&s. re-perfonning the calculation, and reNiewing the outcome of prior year estitllates. We are llot rrsponsible for preventing non-compliance and callDot be expected to detect non- complianc¢ with all laws and regulations. A further description of our respoDsibilities for the audit of the finallcial s¢atemcllts is located on the Financial Reporting Coun¢il's website At.. ww.frc.org.uklauditorsrcsponsibilities. This description forn￿ part of our auditor's reporL USE OF OUR REPORT Tbis report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Pe¢rt 16 of the Companies Act 21)06. Our audit work has been widertaken so tbal we might state to the Charity's menibers those nthtters we are required to stste to then) in an auditor's report and for no other purpose. To the fiLllest extent pemiitted by law. we do not a¢ttpt or assume responsibility to anyone other thau the Charity's members &8 a body. for our audit worL foT this repor¢ or for the opini we have foTmed. Roger White {Senior Statutory Auditor) For and on behalf of Saul Fairholm Limitr￿ Sthtutory Auditor 12 Tenlercroft Street Llncoln LN5 7DB 14 December 2023 SAUL FAIRHOLM 12. URBAN CHALLENGE LLlttrED Statement of Financial Aetivfitles for the ear ended 31 March 2023 Unrestrieted Restrlcted Funds Ullds Total 2023 Total 2022 INCOME AND E.NDOFSTrIENTS FROTrI: Charitable activities Investsnent Income 21.922 14 2,121,123 2.143.045 14 2,103.789 TOTAL 21.936 2,121.123 2,143,059 2.103,789 EXPEIYDITURE ON". Raising Funds ch￿￿table Activities 5.000 2,118,883 4,000 1,957,911 25.481 2,093.402 TOTAL 30,481 2,093,402 2,123,883 1,961,911 NET INCOME (8.545) 27,721 19,176 141,878 TRANSFERS 14 15.758 (15,758) NET NIOVEMENf IN FUNDS 7213 11,963 19,176 141,878 RECONCILIATION OF FUYDS Total Funds Brought Fonvard 294,695 146,107 440,802 298,924 Total Funds ca￿led FoThvard 301.908 158,070 459,978 440.802 SAUL FAIRHOLM 13. URBA1% CHALLENGE LLIIITED Summa Income and Ex lld1￿re Atcount for the ear ended 31" March 2023 2023 2022 Gross InGome of Continuing Operations 2,143,059 2,103,789 Total Expenditrwe of Continuing Operations 2,123.883 1.961.911 Net Incomel(Expenditure) for the Year 19,176 141,878 There were no gains or losses tn either the cwr¢nt or preceding year other than those diSclo￿d in the Summary Income and Expenditure Account. and the results derive from continuing activities. SAUL FAIRHOLM 14. trRBAI% CHALLE)GE LLTrUTED Balance Sheet as at 31" M&r¢h 2023 Notes 2023 2022 FLXED ASSETS Tangible Assets 3.663 9.483 CLTRRENf A￿ETs Debtors Cash at Bank and in Hand 12 55,740 411288 8,973 426,426 467.028 435.399 CREDITORS Ainounls falling du¢ within one year 13 10.713 4,080 L¥ET CURRENT ASSETS 456,315 431,319 TOTAL NET ASSETS 459,978 440,802 THE FUNDS OF THE CHARtTY Ullre8tticted Funds Restticted Fundg 14 14 301,908 158,070 294,695 146,107 TOTAL CHARITY FUIWS 459,978 440,802 Thc Trustces acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records alld preparation of the friallcial statements. The financial statements were approved by the Board of Trustees on 14 DeLYn)ber 2023 and were signed on its behalf by: N IJackson_D' or I E Exlance- Director Company Number.. 03438413 SAUL FAIRMOLM 15. iBAN CIIAILENGE LThIITED Statement of Cash Flows for the ear ended 31" March 2023 Notes 2D23 2022 CASH FLOWS FROM OPERATING ACTIVITIES Iyet cash flows from operating activities (15.152) 191,724 CASH FLOWS FROM INVESTING ACTIVITIES Intere8t received Purcftwe of property, plant at]d equipment 14 (6,469) Net cA$h floJ*s from Investing activitles 14 {6,469) CASH FLOWS FROIII FINANCING AcfIviTIES Net C8sh flojvs from fmaDcillg aetiTrities Net (decrease)lincrease in cash and cash equivalents Cash and cash equivalents at 1st A￿11 2022 (15.138) 426,426 185,255 241,171 Cash and c&8h equivalents at 31° March 2023 411288 426,426 Re¢on¢iliAtion ofnet in¢ome to net cash (lows from o ratin actiiryties Net Ineome for the repor(iDg period (as per the sl¥tement of flnaneial position) Adjustment for.. Depreciation charges Interest received De¢r¢ase/(Increase) in Debtors Increas¢l(Decre&8e} in Creditors 19.176 141,878 5.820 {14) (46,767) 6,633 10276 39.490 80 Net cash provided by operltlttg a¢tivities (15.152) 191.724 SAUL FAIRHOLM 16. URBAN CHALLEf*GE LLKtTED Notes to the Accounts for the e4r ended 31. March 2023 ACCOUNTING POLICIES Ba$i$ of Preparation The financial statements ELave been prepared in accordance with Accounting and Reporting by CILarities: Statement of Recoll]mended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 161 January 2019)- (Charities SORP (FRS 102)). th¢ Financial Rcporting Standard applicable in the UK and Republtc of Ireland (FRS 102), the Companies Act 2006. Urban Challenge Limited meets the defiDition of a public benefit entity UfLder FRS 102. Assets and liabilities are initially recognised at bistorical cost or transa¢tion value unless othenyise stated in the relevant accounting poIicy. The Principal accounting po]ici&8 adopted in the preparation of the financial slalements are as follows.. Preparation of the a¢¢ounts on a going concern basls The accounts have been preparcd on a going concern basis. The Tntstees consider that there are no material uncertaintics about L'rban Cballenge Limited's ability to contillue as a going ¢oncenL Income Recognition Income Grdnts receivable and payable are accrucd to the Income and Expenditure Account for the period to which they rel*e. Donadons and Grants Incomc from donations and gr&ll￿ including capital graots, are included in incoming resources when these ￿e receivable. except as follows.. When donors specify that donations and grants given to the Charity must be used ￿tUre accounti￿g ￿lodS. the income is defezT¢d uniil those periods. Wben donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income, Ihc In￿Me is deferred and not included in illcoming resources unuL the preacolldJ"tions for have been met. Whcn donors specify that donations and granLS, including capital grants, are for particular restricted purposes. M'hich do not amount to pre-conditions regarding entitlemenL this income is included in incoming resourc&g of restricted funds when teeeivable. Resources Expended Liabilities are recogni8ed as ex￿dIll￿e as stM)n as Ihere 18 legal or Collstructive obligation committing the Clwity to that expenditure, it is probable that 8 transfer of economic benefit will be required in settlement and the amount of obligation can be measured reliably. Expendityre is accounted for on an accruals basis, inclusive of any VAT, and has been classified under headings that aggregate all cost related io the category. Where costs cannot be directly attributed to particular headings they have SAVL FAIRHOLM 17. URB￿ CIIALLEI%CE LtNITtED Notes to the Accounts for the eHr ended 31" March 2023 (Cont'd) ACCOUNfiNG POLICIES (CONT'D) Resources Expellded (Cont'd) been allocated to activities OD a basi5 consistent with the use of resources. These are split between the cost of generaiing fimds, charitable activities and governance costs. accoTding to their nature. Expenditure oll charitable activities is incurred on directly undertakin8 the activities which fijrther the Charitie's objectives, as well as any support costs. Alloeatlon and apportionmeTht of costs Support costs are those fimctions that assist the work of the Charity but do not diT¢c¢Iy undertake charitable acllvities. Support costs include back office costs, finance, personllel, payroll and governance costs ￿thieh support th¢ Tn￿1$ activities. These costs have been allocated to cbaritable activities. The basis on which support costs have been allocated is partly according to the costs directly incurred in those areas aud partly on the basis ofstaff number.s diri*tly employed. Interest Receivable Intcrcsl is included whej) reccivable by tbe CharAty. Fund Accountlng Funds Ileld by the ChaTity are elther. Unrestrlcted general funds- these gxe fimds which can be used in ac£ordance with Ihc ckwitable objects at the discretii>n of the Tntstees. Restricted Funds - these are funds tllat can only be used for particular restricted pryses within the objects of the Charity. Restrictions arise when specifi¢d by the donor or when funds are rdised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in th¢ [￿t¢S to the financial statements. Debtor8 Trade and other debtors ar¢ recognised at th¢ s¢ttlement amount due after any trade discount Offe￿d. Prepajinents are V￿Ued at the amouttt pryaid after taking accollnt of any trade discounts due. Tangible Fixed Assets Tangible fixed assets are stated at cost1¢5s dq)reci&tion. Depreciation is calculated to write off cost less any residuttE value on a straight line b&sis oveT their estimated s¢ful lives as follows: Annual Rate 33r/* Office EqUipM￿t Tangible fixed assets which cosi less tEwi £IIK) are not considered material and are written off in fi￿1 in the period in wbich the expense is incurred. SAUL FAIRHOLM 18. URB￿￿ CHALLENGE LI￿[[rED Notes to the Accounts for the ear ended 31" March 2023 (Cont'd) ACCOUNTI￿G POLICIES (coTrrr'D) Credi¢org and provisions credito￿ and provisions are recognised where the charity has a present obligation resuliing from a p8st event thai will probably result in the trdnsfer gf funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement arnount after allowing for any trade discounts due. Cash and cash equivalents Cash alld cash equivalents include cash at and cash in hand as well as short temi investments with a maturity date of l year fonn the date of acquisition or opening of the deposit or similar accouDt. Taxition The Charity is coDsid¢red to pass the trsts set out in Paragraph I Schedule 6 of th¢ Finauce Act 2010 and therefore it tneets the definition of a charitable company for UK cotporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains receiv￿ within categories covered by Chapter 3 Part I l of thc Corporation Tax Act 2010 or Section 256 of the Taxauon of Chargeable Gains Act 1992, to the extent that such income or gains applied exclusively to harilabl¢ PUTPO8es. Peusion Costs The Charity participates in a defmed contribution Scbeme. Pension costs rcpresellt the amount payable by the Company in respect of the y￿. Volllnteer contributions Honorary officers. tn]stees and volunteers provide support to St Barnabas H05PiC¢ Trust (Lincolnshire). Jt Is not prdctical nor feasible to place a value on the time volunteered by Ibese pe￿onS. CRITICAL ACCOLryT[￿G ESTtKATLS ANI) AREAS OF JUDGEMENT Estimates and judgements are continually evaluated atyl are based on historical experience and other factot5, inclLLding expectstions of future events that are believed to be Te&sonable ￿￿er the circumstsllces. The Charity makes estimates and assumptions con¢ettLing the future. The resulting estitnates and assump¢ions will. by definition. seldom equals the related acttthl results. The estimates and agSUmPtions that have a significant risk of causing a nlatcrial adjustmcnt to thc carrying amounts of &ssets and liabilities within the next financial year are discussed FKIOW. Key sources of estimation w]certainty'. Tangible fixed assets, other than investment properties are deP￿clated over their useful lives tsking into account r¢sidual values, w.here appropriate. The aciual lives of the assets and residual value8 are assumed annually and rnay vary depending on a number of factors. In r¢- a&sessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into acci)uni. Residual value assessments consider issues such as future market conditions. the remaining life of the asset alld projected disposal values. SAUL FAIRHOLM 19. URBAN CHALLE)GE LI￿[[TED Notes to the Aceounts for tIAe ear ended 314t Mareh 2023 (Cont'd) MEMBERS GUARAhryEE The Company is a r¢gistered clLaTity limited by guardntee with the liability of each of the Members being limited to £10. INCOMK FROM CEtARITABLE ACtivrrIES The income is attributable to the Charity's princip81 artivity. namely. that of co4)rdinatirLg with local communities in Lincolnshirc to support projecrs dealing with the problems of urban developTnenl. 2023 2022 Income comwises.. Restricted The National Lottery Commuwty Fund Lincolnshire County Council Acis Youth and Employer Support West Lindsey District Council NHS Lillcolnshire CCG (PCN Social Prescribing) City of Lillcoln Council The National Lottery Community Fund and ESF Building Better OpEM)rtL￿lti¢S Grant West Lilldsey District Council- Safer Stre&s Department of Work & Pensions NHS Lincolnshirc CCG- Covid-19 Vacci￿¢ Programme NHS Lincolnshire CCG (Metttal Health Social Ptr5cribing) Lincs Comtnunity & Voluntary Services- NHS Digital funding Lincs ComllLuuity Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead BGL - Cotllmunity Grants Barclays Grants - YMCA Lincolnshire County Couucil- Multiply Shine Project 4.500 248,880 35,708 25,000 319,739 15,366 244,000 35,708 25,000 239,929 1,000 735,590 53,125 13,040 183,236 297,600 740,001 35,550 31,664 392,499 219,196 20,098 48.875 20,686 16,705 10,157 1,385 52,000 25,646 39,135 75,600 12.394 2.121.123 2,097,819 Unrestricted Other lllcome 21,922 5,970 2,143,045 2,103,789 INVESTMENT INCOME 2023 2022 Income comprises: Bank Interest Receivable l4 14 SAUL FAIRHOLM 20. URBAN CHALLENCE I.IMrrED Notes to the Accounts for the ear ended 31".Iqarch 2023 (Cont'd) 'ALYSIS OF EXPE.NDITURE ON CHAIUTABLE ACTivrriES 2023 2022 Staff Costs LCVS LSDO Contract Other Direct Costs Th¢ National lottery Comrllunity Fund and ESF Building Better Opportunities Grant 1.229.605 144.174 41.826 1,100,241 l41,181 61,160 533,649 545.666 1,949,254 169,629 5,000 1,848.248 109.663 4,000 Support Costs (aDalysed below) Governance Costs- Auditors Remuneration 2,123,883 1,961.911 The Charity receives grants to deliver voluntary 5¢rvices in the Il"est Area of Lincolnshire. The Charity administers a proportion of its grdnts onto other p8Ancrs ID the vcnturc, &s well as utilising their share to deliver seryices itL Lincoln. This includes PI￿ldIng non material grants to other institutions in order to achieve its aims. Total expenditure was £2,123,883 (2022: £1.961.911) of whicb £2,093,402 (2022.. £1,957,149) was r&%tricted and £30.481 (2022: £4,762) was UDrestrictsd. SUPPORT COSTS 2023 2022 Rent and Rates Office Accessories and Equipment Printing. Stationery and Postage Room Hire and Refreslmellts Other A¢¢ountan¢y Services Travelling Expejjses Other Support Cosls 22.253 30,987 6,723 15,985 4,393 34,973 54,315 22,412 22,056 7,470 7,096 2,452 14,637 33,540 169,629 109,663 Support costs are allocated in their entirety to the Charity's principal activity. SAUL FAIRHOLM 21. URBAN CHALLEI'GE LLvirtED Notes to the Accounts for the ear ended 31"_March 2023 (Collt'd) NET ￿COmE FOR THE YLIR 2023 2022 This is stated after charging: Depreciatiou Staff Costs (Notc 9) Auditors R¢muDeration- Audit Fee . Other Assurance Service5 5,820 1,229,605 5,000 3,393 10,276 1.100,241 4,000 2.452 ANALYSIS OF STAFF COSTS Ahl) TRLSTEE REMLryERATION AIND EXPENSES 2023 2022 Wages and Salaries Sockal Security Costs Pension Training 1,089.140 84.145 46.385 9.935 1,003,615 64,887 31,289 450 1,229,605 1,100,241 Th¢ av¢rdge weekly number of employees during the year was as follows: Number "umber Office and Mallagcment 59 62 No employees have emoluments in excess of £60,000 per annum. No Trustees received rein)burs¢ment for ¢xpens¢s incurred during the year ended 31" March 2023 or 31° Manh 2022. The total employment benefits of the key management kKrsonnel of the charity were £50,347 (2022.. £49,008). io. TAXATION Therc w&$ no liability to corporation tsx for the cutrent or previous ycar. FAIRHOLM 22. URBAN CHALLLJGE LIMtrED Notes to the Accounts for the ear ended 31°'_March 2023 (Cont'd) ii. TANGIBLE FIXED ASSETS OtTice ui Totsl COST: At I" April 2022 Additions Disposals 46.717 46,717 At 31" March 2023 46.717 46,717 DEPRECIATIOY4: At 1st April 2022 Char8¢ for the Year On Disposals 37,234 5.820 37,234 5.820 At 31" March 2023 43.054 43,054 NET BOOK VALUE: At 31° ￿Iar¢b 2023 3.663 3.663 At I" April 2022 9,483 9,483 12. DEBTORS 2023 2022 AttLounls due within olle year. Trade Debtors Other Debtors Prepayments 52,774 1,20(1 1,766 7,800 1,173 55,740 8,973 13. CREDITORS 2023 2022 Amounts falling due within one year: Accrued Expenses Other Cr¢thtors 5,000 5,713 4,080 10.713 4.080 SAUL FAIRHOLM 23. URBAN CHALLENGE LLMITED Notes to the Accounts for the ear ended 31"_March 2023 {Collt'd) 14. ANALYSIS OF CHARtTABLE FUNDS As at 31. Mareh 2023 At Incoming 31J.2022 Resources Outgoing Resources At 1.3.2023 ransfer8 Restricted Funds City of Lincoln Council Neighbourhood Boards Lincolnshire County Council West Lindscy Dlstrict Council The National Lottery Community Fund and ESF Building Better Opportunitie8 Grant The National Lottery Community Fund Lincoln Neighbourhoods Together Network West Lindsey District Council Safer Streets NHS Lillcolnshire CCG - Covid- 19 Va¢cille Progranllne Dq)artment for Work & Pensions- The Netwo ACIS Youth and Employer Support Fund Lincolnshire County Council- Green Space Grant NHS Lincolnshire CCG (Mental IIealth Social Prescribing) NHS Lincolnshire CCG (PCN Social Prescribing) Lincs Community Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead NHS Digital Funding Barclays Grallts - YMCA Lincolnshirc County Council Multiply Shine Project 3,673 3.277 248.880 25.000 396 248,880 25.000 49,812 735.520 707,630 (15,758) 61,944 4.500 4,500 53,125 43,727 9,398 11,410 183.236 194,646 13.040 13.040 35.708 35,708 424 424 60.564 297,6IN) 298.183 59,982 319,739 52.000 25,646 39,135 319.739 51,000 25.646 39.135 20.098 126 1,000 20.098 126 75,6(K 12,394 50,250 12,394 25,350 146.107 2,121,123 2.093,402 (15,758) 158,070 UnreNtrlcted Funds Non-Designated Funds 294,695 21.936 30.481 15,758 301,908 Total Fund% 44(1,802 2.143,059 2,123,883 459,978 SAUL FAIRHOLM 24. UILBAN CHALLENGE LLWTED i otes to the Aecounts for the ear ended 31° March 2023 (Cont'd) 14. ANALYSIS OF CHAIUTABLE FUM)S CO.NT'D As at 31st March 2022 At Incoming Outgoing 31J.2021 Resources Resources Trgnsfen 31.3.2022 Restricted Funds NIIS Lincolnshire CCG (PCN Social Prescribing) City of Lincoln Council Neighbourhwd Boanls Lincolnshire County Council West Lindsey District Council The Natiothal Lott¢ry Community Fund alld ESF BuildiDg Better OppoL%￿}ltieS Grant The National Lottery Community FutLd- Lillcoln NeigbEK)urhoods Together Network 239,929 239.929 4,390 717 244,000 25,000 3,673 244,(KlO 25.(KJO 19,545 740.￿1 685,718 (24,016) 49,812 15,366 13.829 (1,537) West Lindsey District Council- Safer Strcets NHS Linco]nshire CCG- Covid- 19 VaccitLC Progrnn)me Department for Work & Pensions- The Network ACIS - Youth and Employer Support Fund Lincolnsbire County Council- Green Sp&ce Grant NHS Liucolnshire CCG (Mental Health Social Prescribing) Lincs CommuDity Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead BGU- Community fjrants NHS Digital Funding Ba￿layS Grants - YMCA City Of Lincoln Council Employment Allowance 379 35.550 35.929 17.327 392,499 305,641 (92,775) 11,410 31,6fv1 31,664 35.708 35.708 3.500 83.6?4 3,076 242,256 424 60,564 219,196 48.875 20,686 16.705 10,157 20,098 1,385 48,875 20,686 16,705 10.157 20,098 126 1.259 1.000 (5.000) 128,765 2,102,819 1,962,149 (123.328) 146,107 Unrestrlcted Fullds Nott-Designated Funds 170,159 5.970 4,762 123.328 294,695 Total Funds 298,924 2,108.789 1,966,911 440,802 SAUL FAIAHOLM 25. URBAN CHALLEliGE LL￿￿ED Note5 to the Accoullt5 for Ihe ear ended 31" March 2023 (Cont'd) 14. ANALYSIS OF CHAIUTABLE FUNDS Restrleted Fund5 R¢stricted Funds are received frotn a number of sources to match fund projects forming the core activities of the Company. The National Lottery Community Funds:. ESF Building Better OpportunitKes Cranl ESF Building Better Opportunlties GTaJlt- Steps FoTw￿d and 14incoln Neighbourhood$ Together NetTh'ork The transfer from these restricted funds to unrestricted in the year ended 31" MarcEL 2023 rel&t¢s to a IOO/o or 15 /0 rontribution within the grant agreemellt towards unrestricted indirect costs. NHS Lincolnshlre CCG- Covid-19 Vaccille Programme The transfer from these restricted fi]nds to unrestric*d funits in the year ended 31" March 2022 relates to a management fee for the rLuming of the programme. 15. ANALYSIS OF NET ASSETS BETWEEN FlI￿T>s Unrestricted Restricted Funds Funds Fund Balanccy ai 31* March 2023 are rcpresented by.. Fixed Assets Curr¢nt Assets CuTr¢nt Liabilities 3.663 308.958 (10,713) 158,070 Total Net Assets 301,908 158.070 Unrestricted Restricted Funds Funds Fund Balances at 31 March 2022 are Tepresented by: Fixed Assets CUr￿n1 Assets Current Liabilities 9,483 289,292 (4,080) 146,107 Total Net Assets 294,695 146.107 16. PENSION COSTS The Charity operates a defmed contribution pension scheme. Pensions costs dwing the year totalled £46.386 (2022: £31,289). The amounts unpaid as at 31" March 2023 w¢r¢ £5.713 (2022 - £nil). FAIAHOLM 26. LIiBkn CHALLEJGE LiIKrrED Detalled Illcome And elldlture Accoullt for the Year ended 311t Mar¢h 2023 2023 2022 INCOME City of Lincoln Council Lincolnshire Counry Council The National Lottery Community Fund The National Lottcry CommuDity Fund and ESF Buildillg Better Opportunities Grant West Lindsey Di8tTiCt C0￿clI Other tncome NTIS Linco]nsbire CCG IPC¥ Social Presuibing) A¢is- Youih and Employer Suppon 'HS Lincolttshire CCG (Mental Health So¢ial Prescribing) NHS Lincoinshirc CCQ- CoTrid-19 Vaccine Progrrnc Department of Work & PensioDS- The lietwork West Lindscy Di$¢rici Council - Safer Strects Lin¢s Community Fund- GLAP Lincs Cotnmunily & Voluntary S¢rvices- NHS Digital Funding LVET- Volunteer Host project LVET- SP Dev Lead BGU- Community Grants Barclays Grants- YMCA Linco]nshire County Council- Multiply Shme Project 248,880 4,500 735.520 244,(h)O 15,366 740.001 ?5,000 21,922 319,739 35,708 297,6(Kl 183 ?36 13,040 53,125 52,000 25,000 5,970 239,929 35,708 219,196 392.499 31,664 3),550 48,875 20,098 20,686 16,705 10,157 lJ85 25.646 39,135 75.600 12,394 2,143,(H5 2,103,789 INVESTMENT ]P*COLKE Intcrcsl Received 14 TOTAL INCOME 2,143,059 2,103.789 SAUL FAIRHOLM 27. LTRBAli CHALLEIGL LIMITED Detalled Income and Ex enditUTe Aecount fDT the 'ear ellded 31° March 2023 (Collt'd) 2023 202 TOTAL tNCOME BROUGHT FORWARD 2.143,059 2,103,789 EMPLOYMENT COSTS Employment Cost8 - Direct Employees 1,229,605 1,100,241 DIREcf COSTS Particip&llt Expens¢s and Allowances Oth¢r Direct Costs Lin¢olnshire Community and Volutttary Services LSDO Contract The National Lottery Cotnmullity Fund and ESF Building Better Opportunities Graut The National Lottery Comtnunity Fund- Lincoln NeighbouThood Together Network Neigl]Ix)urho(Ml Awards The Nctwork- DWP 'een Spaces LCVS- NHS Staff Funding Barclays HaTd5hip Fund (YMCA) Lincoinshire County Council- Multiply 7,983 3.329 7.112 2.028 144.174 141,181 533.649 545.666 5,752 453 31,664 3,076 9,900 1,175 13,040 17,475 7l9,650 748,007 193.804 174,6?8 OVERHEADS ￿age 28) 255,541 113.663 SURPLUS FOR THE YEAR 19,176 141,878 SAUL FAIRHOLM 28. URBAN CHALLENGE LtTrllTED Schedule of Overhe*d$ for the ear ended 311¢ March 2023 2023 2022 OVERHEADS Rent and Rates, Light and H¢4t 22,253 22,412 Office Accessories, Equipm¢ni and Repairs 46,996 22,056 Printing, Stationery and Postage 6,723 7.470 Room Hir¢ and Refreshments 15.984 7.096 tnsuydttces 3,025 2,260 Auth't Fee and Other Serhryces 9,393 6,452 Consultancy F¢es and other Profes$ionaI Costs 3,829 Telephone 14,713 11.858 Bank Charges 712 543 Travelling Expenses, etc 34,973 14,637 Sundry Expenses 9,997 8,272 Advertising 210 331 D¢prcciatii)n 5,820 10,276 174,628 113,663 SAIIL FAIRHOLM URBAN CHALLENGE LIMrrED Company liumber: 03438413 Charity Jumber: 1072949 Flllanei41 Accounts for the year ended 31" MArch 2023 Saul Fairholm Limlted Cbartered Accountants 12 Tentereroft Street LillcolD LN5 7DB SAUL FAIRHOLM URB￿￿ CHALLEI%GE LLMITED Financial Aecoullts for the 'ear ended 31" March 2023 cO￿TENTS Company Inforn]ation Chairnian's Report Report of the Trustees 9-11. ]ndependent Auditors, Report 12. Statement of Financial Adivities 13. Summary Income and Expcnditurc Account 14. Balance Sheet 15. StatcmeDt of Cath Flows 16-25. Notes to the Accounts SAUL FAIRMOLM URBAN CHALLEIIGE L￿TED Financial Accounts for the ear ended 31" March 2023 Reference &nd Administrative detalls DIRECTORS AND TRLISTEES: Mr N I Jackson (Chainnan) Mr l E Extance Rev L Wkntfield MT G White Mr B Uduji MrPKDrury Mr G Hewson- resigned 19 June 2023 Ms S Hardy- appoint¢d 19th June 2023 Mrs S BuTke- appoinfrd 19 June 2023 SECRETARY: Mr B Rollett REGISTERED OFFICE: City Hall Beaumont Fee Lincoln LNI IDJ AuD￿ORS. Saul Fairholm Lttnited Charw¢d Ac¢ountants 12 Tentercroft Street Lincoln LN5 7DB SOuc￿oRS. Chattertons St SThithin's Court I Plavian Road Nettleham Road Lincoln tN? 4GR BLNKERS: Co-operative Bank PIC POBOX 101 l Balloon Street Manchester M60 4EP COMPANY L¥UMBER: 03438413 REGISTERED CHARTfY ryUMBEIL" 1072949 SAUL FAIRHOLM URBILN CHALLEfiGE LIMrtED Chairman's Re ort for the ear ended 31" MArch 2023 At th¢ b¢ginning of the year we ¢oncluded our non•clinical 5UPPOrt to the NHS and Covid_19 Vaccination prO￿t. with the closure of the vaccination sites at Lincoln and Boston. We are extremely proud and grateful to hav¢ b¢eD part of such an hTstoric ar￿ su¢¢essfvl vaccination progran]me and playing our part iti helping to keep our communities safe. OUT 80cial pr¢sGribing service has expanded during the year and we now have a team of seventeen Social Prescribing Lit]k Workers who supponed 1,563 people during the year. They ar¢ considered a key component of the Prirnary Care and Mentsl Health teams across Lincolnshire. The Greater Lincs MOVE project entcred its seventh and final year. The project has playcd a significant part in supporting p¢ople fiJrthes¢ from the labour market to progress towards learning, training and enlployment. Th¢ project has achieved some excellent resuits and outcomes for parti¢ipants, and is recognised as a model of good practice in delivering ESF funded provision through a netwo￿ of local community and voluntary providers. Our Volunteering Brokernge service continues to unlock the community spirit that exists withill our ¢ommunities and our Voluntrer Centres have been instrumental in the deTr'elopment of new volunteering opportunities and supported 605 volunteers to access local volurLteering Thithill their ¢ommunitic5. With the cost of living crisis impacting on local groups and organisations. we have developed our fi]nding advice and support tl]rough iThcreascd trainin& 1-2-L support attd a funding information portal which has helped us to support local group5 and organisatioDS to secure over £250.000 of fullding during th¢ year. The y￿r of 202?.23 culminated in the celebration of our 25 birthday! We are extremely proud ¢0 have supported our communities for th¢ l&st twenty five years and havc comtnenccd a year long celebration of our achievements. Looking ahea ACTIVITILS The aims of the Company are: i) To develop the capa¢ity and skil]s of the socially and economically deprived commuDities in Lincolnshire, making them better abl¢ to identify and meet their own needs and so particip&te more fijlly in society. 2) To engage in srtial r¢g¢neration activities to improve the quality of life for people living in Lincolnshire through.. Capacity building - equipping people with the skills and knowledge to takc all active roL¢ in regeneration issues and ￿ce their own peTsoll91 development Community economic development - helping indivithlals and groups support their wmmunity through developing sustainabl¢ entcrprises 3) To promote and facilitate participation in volunteering and social action. 4) To promote any charitable purposes for the benefit of the commutiity including the relief of poverty, advau¢¢mellt of eduLxtion and such other purp08es as the trustees shdl fiL Our mission is lo enable the development of stable. thriving communities with the capacity to plao and manage lasting improvements to their quality of life Our vision is of a strong and prfractive community and volunlary seetor improving the lives of people in Lincolnshir¢ The Company obtained clwitsble status on 14th December 1998 and is a Company Lin]ited by Giwrall*e, governed by its Memorandum and Articl¢s ol Asswiation. On 20, June 2005 the governing document was amended to expaud the charitable knea of Benefit to Lincohthire (it was previously focussed on the City of Lincoln). Public Benefit Statsment The Company aims are translated into two core them¢s: l. Development of the Community and Volontary S¢etor'. Influence: W¢ support local voluntary organisations and Community groups to inAuenc¢ policies. plans and practices that have an impact on their organisatiolls and beneficiaries. Development: We support tb¢ idenlificatioTh of Deeds ID the local conllnunity and fR¢ilitate imiovation and improvements in service provision to meet those needs. SAUL pAirèHOLM URBAN CHALLLNGE LI￿￿rrED Re ort of the Trustees for the ear ended 31" March 2023 OBJECMTS AM) AcfiviTILS (C0￿,T.D) Support: We equip voluntary organisations and community groups witb the tools alld infonnation they need to belp them make a difference in the communities they work in. We provid¢ training and supw)rt on a wide range of topics to empower the voluntary and community sector tt) become more resilient. Collabor4tioD'. We facilitate effective communication and collaborntion among8t loeal voluntary organisations and community grow￿ and bettveen different sectors. 2. Development of Volunteerine Vofice of Volunteering: W¢ deliver positive me&wes about the benefits and diverse natur¢ of volunteering and Support local orgdnisations to market their opportunities to th¢ widest possible audience. Volunleer Brokerage: We provide a Matrix accredited interview and matching service, supporting volunteers, host organisations and con]muwtieg to get the rnost out of volunteering opportunities. StrAteghc DevelopmeDt of VolunteeriDg: We priori(ise the steps needed to address 158ues which have the greatest impact and relevance on v4)lunteering locally. Good Practlce DevelopmeDt: We provtde quality volunteer management leaming provision to volullteer involving organisations. Developlng Volunteering Opporthnities: We work in close parlnership with lo¢al volunteer involving organisatioDS. to ￿de[Stand the potential for. and tsi develop volwjteering within the community. ActI￿ty & Achievements During 2022-23.. We 8UPPOrted 346 cornmunity and voluntary groups in West Lillcolnshire thTougb capacity building advice and supporL helping locat groups to secure £257.800 of funth'ng. We supported 605 voluntecrs to access vohmt¢¢ring opportuniti¢s wilbin Lincojnshire. We calthte the value of volunteeTing in West Lin￿]nShIr¢ through our Volunteer Centres to be £851,966. We supported around 1.000 groups and organisations tljrough the dissemination of infonnation on ¢vents, resources and opportunities to develop the community and volutLtary sector. We delivered 10 Funding Ready workshops and SUp￿>rt￿]46 groups to b¢com¢ fimdin8 ready. SAUL FATRHOLM URBLI CIIALLENGE LIMTfED ort of the Trustee5 for the ear ended 31. Mareb 2023 OBJECTIVES .4ND ACTIVITIES (CONT'D) We contÈnued delivery of the Gtrater Lincolnsbi￿ MOVE (Moving on, volunteering and employability) Project which supported 156 people overall with 34 securing employment. The ESF and Big Lottery fi￿ded project bIings together a wide raJ)ge of I￿1 community and voluntxry sector partners to support people furthest from the labour market to progress into training, volutLteerin learning and employment. Through the YES Project our Youth Engagement Lead supported 75 young people that hadn't been in ¢mploymeTht, education or training through a holistic one to one support package to overcom¢ their challenges and progress into volunteering and practical programmes developing skills as well as Jnore forn￿1 training, apprenticeships, and employment. Our Social Prescribing SerYi¢e, supported 1.563 people with social. emotional or practical needs to access a range of local, non-¢lini¢al services and supporL when a medical infrrvention of just treating clinical origins is not getting to the root of an individual's problem. Covid-19 Vaccination Progr8mm¢- during the year we concluded our non-clinical support to the NHS id Covid-19 Vaccination Programme, with the c105ure of the vaccination sites at Lincoln and Boslon. We are extremely proud and grateful to TrLaYe been part of Such an historic and su¢¢essfjJl vaccination progran]me and playing our part in helping to keep our communities safe. Wc w0￿ed collabordliv¢ty with partner agencies across the South West Ward of Gainsborough to develop a cohesive approach lo addr¢ssing issues of concern to r¢sidents and th¢ community througb a new initiative known as Togeihu. FINANCIAL RKVIEW The net movement in fimds of the Company for the year was a surplus of £19,176 (2022 surplus of £141.S78), of which a surplus of £7,213 (2022= surplus of £124,536) relatcd to UDrcstrictcd rcservcs and a surplus of £11,963 (202?: surplus of £17,342) re]ated to restiicted reserves. The unrestricted surplus ariges in part due to £15,758 (2022: £123J28) contiibution to indirect ov¢theads frotn restricted funding sources in line with the relat¢d funding agreements whicb has been allocated to unrestricted reserves as a transfer between fimds. RESER&'ES POLJCY The T￿￿tee8 regularly review the Teseryes of tlle Charity. This review encompasses the nat￿e of the income and expeJ)diture streams and the need to nlaintain adequate working capital for all core costs and liabilities. The Trustees have estabb.shed a policy whereby tbe unrestricted funds held by the Charity sbouia include between three and six months core costs. which currently equates to £175,000 to £350,000. During the l&sl two years the Cliarity bas planned to increase unrcgtricted reserves by i excess of £20,000 pcr annum in the current year and in th¢ next year to restore unrestricted reserves to th¢ir target buffer amount. INVESTMEliT POLICY There are no restrictions on the ComFdny'S tK)wer to iDv¢st. The investment strategy is sd by the Trustee8, rcgularly Teview¢d, and takes account of recent demands for fuuds. The TTh￿te¢S consideT income tequirements and risk profiles in formulatiDg this strategy. SAUL FAIRHOLM URBAN CHALLEI'GE LIMtTED ort of the Trustees for the ear ended 31 .Marth 2023 STRUCTURE GOVEILYANCE Ahl) TrLL)AGE.fyIE)'T The org8J)isation's services are delivered in three local authority districts, and have b¢¢n organised and tern]ed to reflect local circunLStances. Services are therefore delivercd locally as Voluntary Centre Services. The VCS brand stands for Voluntary Cerytre Services and is the unthrella brand under which the Volunteer Centre lic¢nce and logos appear. The affairs of the orgaDisation osc nwiaged by the Board of Directors. Appointments to the Board are detemined by the company membership at the Amiual Genernl Meeting. Th¢ Board deliver in line v/ith Trustee and management Colllluittee National OccupatiotMI Stsndar(Ls: Safeguard and promote the v8lues and mission of the organisation Deternline the strategy and st￿￿ture of the organisation Ensure the organisation operates in an effective, responsible and accountable manner Ensure the eifective functioning of tbe organisation's board The DlrectorslTn￿tee$ meet at least quarterly to administer the CoLllpany.. malang decisions jointly. The day to day management of the Charity is delegated to Ben RolletL the Chief Executive and Secretary. The management of the area offices is Undertaken by the Area C￿ordInatOrS. The stsff team L5 SUPPOrted by a team of arouttd 25-40 volunleers. Th¢ Charity is committed to delivering se￿i¢¢S which are.. resw)nsive to local circumstances. developed in response to consultation Thith beneficiaries and stakeholders. well plann¢d and managed. carL be effectiYeEy monitored and evaluated. Quality standard frameworks. &5sessments and am'ards are tools thai we to track alld demo[￿te tbis commitmenL There are cutrently 3 quality assurance standards th8t we 0￿rate to.. Volunleer Centre Quality Awards (VCQA) NAVCA Quality Awards Matrlx Quality Award TRLSTEES KFSPONSIBTt,ITIES The Trustees are responsible for preparing the Ar￿Ual Report alld the financial statements in accoTdaDce with applicable law and regulations. Law applicable to Charitable Companies in Engl8Thd and Wales reqUi￿S the Trustees to prepare accounts for each f￿￿n¢la1 year. Uuder that law the Trustees have elected to prep¥Je the fillancial statemenls in accordanc¢ with United Ktngdom GetLcrally Ac¢ept¢d Accountillg Practice (United Kingdom Standards and a￿liCable law). The financial statements are required by law to givc a true and fair view of the slate of affairs of the Charitable Company and of the financial activities of the CEwitable Comp&ny for that perio(L tn preparing those a￿Ounts the Tn￿te¢S are Tequired to.. select suitable accounting policies and then opply them consistently; makc judgements and estimates (hat are reasonable aJ)d prudenL follow applicable accowlting stalldard8 and statements of reconunended practice, subject to any malerial d¢partur¢s di￿105ed and explained in the accouJ)ts' prepare the accounts on the goillg COnc￿n basis unless it is inappropriate to preswne that the Charitsble Company will conlinue in business. FAIRHOLM t]RBAN CHALLEThGE LIMtrED ort of the Trustees for the ear ended 31" March 2023 (Cont'd) TRLSTEES RESPONSIBILrtlES (CONT'D) The Trustees are responsible for keeping adequate a¢￿untIng records which dise105e with reasonable accuracy at any time the financial position of the c￿￿ltable Company and to enable them to ensure that the accL)unts comply with the Trust Deed, Charities Regulations and the Companies Act 2￿6. They are also responsible for safeguarding the assets of the CEwirable Company and hence for takiThg reasonable steps for the PTeveotioTh and detection of fraud and other irregularities. DISCLOSURE OF INFROMATIOi% TO AUDTfORS Ea¢b of the persons who are Trustees at the lime when this Trnstees, report is approved bas confirmed that.. ther¢ is no relevaat audit infOrn￿tion of which the Charitable Company's auditors are unaware, and the tntstees have taken all ￿epS that they ought to have taken to make themselves &waT¢ of atty relcvant audit infomiation and to establish that the auditors arc aware of that infonnation. RISK REVIEW The Trustees Tegularly review the major risks to which the c1￿￿ty is exposed and systen]s have been ¢stablishcd to mitigate those risks. Projects are generally for a 1-3 year perii)d and during this time the key focus is on securing sustainable fimding for the duration of the projcct. A core staff team are retained with additiollal support staff appointed to deliver Specific projects in line and for the duration of funding for thosc projects. External risks to funding havc led to the developn]ent of an action plan to allow for thc divcr3ification of fimding and activitie5. Internal risks are [DIni￿ed by the implerneutatiott of procedures for authorisation of all transactions alld to ensure consistent quality of delivery for all opcrational &%pects of the charitable company. These Proceth￿eS are periodically revAewed to ensure that tbey still mect the necds of the Charity. GRATr￿ MAlaNG POLICY Where funding and Contracts allow for grant making. the Company invites applications for small grants from Ibird sector groups and orgaDisatioDs which support the Company's aims. The grant appLication and approval proce&ses are detern]ined by the fjjnding agency and enacted in line with policies approved by the Tn￿ttts. AUDrroRS Approvcd by OTdcr of thc members of the Ex)ard of Thc auditOT5, Saul Fairholm Limite(L have indicatd their willinglle&s to continue itL office. Thc desigllaled Tn￿te¢S will propose a motion re2PPOlllting the auditors at a meeting of the Tn￿te¢s. REFERENCE A￿D ADMIIYLSTRATIVE DETAIts The Charity registration number is 1072949 and the Company Tegistration nunther is 03438413. The r¢8lStered office of the Company is City Hall, Beaumont Fe4 Linco￿ LNI IDJ. SAUL FAIRHOLM URBAN CHALLE.NGE LIMrrED Re ort of the Trustees for the ear ellded 31" Mareh 2023 (Collt'd) DIRECTORS TRUSTEES The Directors of the Company, who ore also its Tnjstees for the pury)05e of Clwity Law, at the end of the year and to the date of approval of this report wete: Mr N I Jackson (Chairman) hfr I E Bxtance Rev L ￿TrItfield Mr G White Mr B iiduji MrPKDn Mr T Hewsoll- rESLgned 19 June 2023 Ms S H8rdy- appoinied 19 . June 2023 Ms S Burke - appointed 19 June 2023 OTHER RELEVANT ORGMUSATIONS The Charity's solicitors are chattert0￿, St Swithins COU￿ i Havian Road Nettleliam Road, Linco LN2 4GR. The Charity'5 bank¢rs are Co-operative BaDk plc, PO BOK 101. l Balloon StrecL Manchester, M60 4EP. This report has been prepared in accordaThce with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. BY OIU)ER OF THE BOARD Authorised for issue on 14 December 2023 B Rollett - Secretary SAUL FAIRHOLM INDEPENDENT ALTDrroRS' REPORT TO THE MEMBERS OF URBA1% CHALLEN"GE LDIITKD OPINION We have audited the financial statements of LTTban Challenge Limited (the "ChaTAtable Company") for the year ended 31# March 2023 which comprtse the StateDJent of Financial Activities, the Balance Sh¢¢l, Statement of Cash Flows and not¢s to the financial statements, including a summary of significant accouating policies. The financial reporting framework that has been applied in their preparntion is applicable law and United Kingdorn Accounting Standar(Ls, including Financial Reporting Standard 102: The Financial Reporting StatLdard applicable in the UK (United Kingdom Generally Accept¢d Accounting Prd¢tice). In our OP]DiO￿ the fjnancial stst¢ments:_ give a ttue and fair view of the 3tate of the Charity's affairs as at 31 March 2023 and of its incoJ]ing resources and application of resources for the year then ended; have been properly prepared in accordallce with United Kingdom Gene￿IlY Acc¢pted Accounting Practice; have been prepared in accordanc£ with the requiretrL¢nts of the Companies Act 2(K)6. BASIS FOR OPINIO We conducted our audit in accordance with International Standards on Auditing IUK) USAS (UK)) and applicable law. Our re5ponsibilitics under those standards are further desrribed in the Auditor's responsibilities for the audit of the financiat statements section of our rep)rt. Wc ar¢ independelll of the Charitable Company in a¢cordancc Trith the ethic21 rcquirements that are relevant to our &udit of the fllwici&l .siatemcnts in the UK including the FRC'S Ethi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance witb these requiTements. We beIieve that the audit eviden¢e we bave obtained is sufficient and appropriate to provide a basis for our opinio CONCLUSIONS RELATThG TO GOLNG CONCEK7y auditing the financial statements, we have concluded thai the tr￿SteeS. use of the going concern basis of accountlng in the preparation of the financial stateffjents is appropriate. Based on the work we have perfornied. we have not identified aDy mafrrial ullcertainties relating to events or conditions thaL ind1vith￿llY or collectively, may cast significant doubt on the Charitable Company'8 ability to Continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tr￿sleeS with respect to going concern are described in the Televant sectioDS of this report. OTHER INFORMATION Thc trustees are responsible for the othcr iDforn?ation. The otber infonn2tion comprises the information included in the annual report other than the financial 5Lknents and our auditor'8 report thereon. Our opinion on the financial statements does not ￿Ver the other iJ)fomation and, except to the extelll otherwise explicitly stated in our repo￿ w¢ do not expr￿ any fonn of &8surdn¢¢ Conclusion thereo In connection with our audit of the financial statements, our responsibility is to read the other inforn]ation and. in doing so. consider whether the other infonnation is materially inconsistellt with the financial statements or our knowledge obtained in the audit or othenvise appears to bc materially misstated. If we identify such material inconiistencies or apparent material misstat¢m¢Dts, we are Tequired to determine whether there is a material misstatetllent in the financial stalen]ents or a material misstatement of the other infoTmation. If, b&sed on the svork we have perf0m￿d, we conclud¢ that ther¢ is a material mi&staiement of this other iufornkation. we are required lo report that fact. We have nothiTLg to report in this regar(L SAUL FAIRHOLM io. INDEPENDLYI. AUDfA'ORS' IILPORT TO THE I¥IEfilBERS OF URBAN CHALLE￿GE LIMITED (CONt'D) OPINIONS ON OTHER MATTERS PRLSCRIBED BY THE COMPANIES Acr 2006 In our opinion. b&sed on the work uThdert8ken in the course of the audit:_ the inforn]ation given An the t￿ste¢S, report {illCOTporating the 5tratsgic re￿}rt and the directOTS' report) for the financial year for which the financial statements are pr¢p&red is consistent with the finatLcial statetllents. and the tLUStees' report (incorporating the strategic re[￿ atKI the dir¢ctors' report) have been prepared in ￿cordanCe with 8pplicable legal requirements. I￿TTERs ON IVHICH WE ARE REQL'IRED TO REPORT BY EXCEvrIoN In the light of the knowledge and widerstanding of the Charity and its environment obtained in the Course of the audit, we have not identified material misstatemenrs in the Tn￿lee8, Annual R¢port including the Strategic Report. We have nothing to report in respect of the following matt¢rs in relation to which the Companies Art 2006 requires us lo report to you 1£ in our opinion:. adequate accounting records have noi been kept or returns ad4uate for our audit have not been received from branches not visited by us. the financial statsmcllts are not in agrccment with the accounting records and retL￿n5. certain disclosures of ￿￿$tees, rwnunerdtion specified by law are not made. or we have not obtained all the infornmtion and exp]aDations J)￿eSsary for the purposes of our audit. the trustees werc not cntiilcd to prepare the f]nanciai statements in accordance with the SMAII companies rcgitnc atLd takc advantagc of thc small companies. exemptions in preparing the tru5tccs' report and from the requirement to prepare a strategsc report. RESPONSIBILITIES OF THE TRLSTEES As explaincd morc fully in the trustees, responsibilities statement Set out on pages six and seven, the tn￿teeS are responsible for Éhe preparation of the fll]ancial slatemcnts and for being iatisfied that they give a true and fair view. and for such internal control as thcy dctcrn)ine is ncccssary to enable the preparation of financial statemeDts that are free from material mi&4tatement. whether due to fraud or error. In preparing the Iinancial statements, tbe trustees are ttsponsible for a￿eSSIng the Charity's ability to continue as a going concern, discloi+ing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to iiquidale the Charity OT to cease operations. or have no realistic alternative but to do so. OUR RESPOIYSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtsin r￿SOnable assurance about ￿thether tbc financial statements as a whole are free from material misstat¢ment. whether due to fraud or e￿Or. to issue an auditor's report that includes our opinion. Reasonable assurnicc is a high level of a6sufdnce, but is not a guar&ntee that an audit conducted in accordance with ISAS (UK) will always dcteGt a material misststement when it exists. Misstatements can arise from fraud or error and are eon5idered material if. individually or in the ag￿egate, they could reasonably be expccted to itffluellc¢ tELe ¢wnomic decisions of users tsken on the basis of these fllwicial statements. SAUL FAIRHOLM ii. INDEPENDEYI ALTDITORS, REPORT TO THE MEMBERS OF URBLY C￿￿LLE.￿GE LL%trrED {coNr'D) OiJR REI SPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATE￿￿￿Ts (Cont'd) Irregulartties, includiog frau4 are instances of non-compliance with laws alld regulations. We design procedures in line with our respon5ibiliti¢s. outlined above. to detect material misstatements in respect of irTeguLarities. including fraud is detsiled below.. We have identified &reas of laws and regulatioL8 that couId reasonably be expected to have a materiol effect on the fllw]cial statements from our general commercial experience, knowledge of the sector, a review of rcgulalory and legal correspondence and tlwough discussions Triih Tn￿e8 and other management obtained as part of the wotk required by auditing standards. We have also discussed with the Trustees and other management tbe policies arLd procedures relating to c1)mpli￿Ce with laws and regulations. We commutiicated and regulations thxoughi)ut the team and milled alert to any indicatioDS of non-compLian¢e thToughout tELe audit. The pot¢otial impact of different laws and r¢guLations varies considerably. The Charitable Company is subject to laws 8nd regulations that directly impact the financial statements and we hav¢ assessed the tent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportullities for fiiudulent manipulatt'on of the financial statements (including risk of override of controls) and d￿¢m)ined that the principal risks were related to management bias in accounttng estimates and judgemental are&s of the financial statements such as depreciation of tangible r￿ed assets. We ca￿lled out detailcd substantive tests on accounting eslin￿tes, including revicwing the methods Used by management to make those estxmat&s. re-perfonning the calculation, and reNiewing the outcome of prior year estitllates. We are llot rrsponsible for preventing non-compliance and callDot be expected to detect non- complianc¢ with all laws and regulations. A further description of our respoDsibilities for the audit of the finallcial s¢atemcllts is located on the Financial Reporting Coun¢il's website At.. ww.frc.org.uklauditorsrcsponsibilities. This description forn￿ part of our auditor's reporL USE OF OUR REPORT Tbis report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Pe¢rt 16 of the Companies Act 21)06. Our audit work has been widertaken so tbal we might state to the Charity's menibers those nthtters we are required to stste to then) in an auditor's report and for no other purpose. To the fiLllest extent pemiitted by law. we do not a¢ttpt or assume responsibility to anyone other thau the Charity's members &8 a body. for our audit worL foT this repor¢ or for the opini we have foTmed. Roger White {Senior Statutory Auditor) For and on behalf of Saul Fairholm Limitr￿ Sthtutory Auditor 12 Tenlercroft Street Llncoln LN5 7DB 14 December 2023 SAUL FAIRHOLM 12. URBAN CHALLENGE LLlttrED Statement of Financial Aetivfitles for the ear ended 31 March 2023 Unrestrieted Restrlcted Funds Ullds Total 2023 Total 2022 INCOME AND E.NDOFSTrIENTS FROTrI: Charitable activities Investsnent Income 21.922 14 2,121,123 2.143.045 14 2,103.789 TOTAL 21.936 2,121.123 2,143,059 2.103,789 EXPEIYDITURE ON". Raising Funds ch￿￿table Activities 5.000 2,118,883 4,000 1,957,911 25.481 2,093.402 TOTAL 30,481 2,093,402 2,123,883 1,961,911 NET INCOME (8.545) 27,721 19,176 141,878 TRANSFERS 14 15.758 (15,758) NET NIOVEMENf IN FUNDS 7213 11,963 19,176 141,878 RECONCILIATION OF FUYDS Total Funds Brought Fonvard 294,695 146,107 440,802 298,924 Total Funds ca￿led FoThvard 301.908 158,070 459,978 440.802 SAUL FAIRHOLM 13. URBA1% CHALLENGE LLIIITED Summa Income and Ex lld1￿re Atcount for the ear ended 31" March 2023 2023 2022 Gross InGome of Continuing Operations 2,143,059 2,103,789 Total Expenditrwe of Continuing Operations 2,123.883 1.961.911 Net Incomel(Expenditure) for the Year 19,176 141,878 There were no gains or losses tn either the cwr¢nt or preceding year other than those diSclo￿d in the Summary Income and Expenditure Account. and the results derive from continuing activities. SAUL FAIRHOLM 14. trRBAI% CHALLE)GE LLTrUTED Balance Sheet as at 31" M&r¢h 2023 Notes 2023 2022 FLXED ASSETS Tangible Assets 3.663 9.483 CLTRRENf A￿ETs Debtors Cash at Bank and in Hand 12 55,740 411288 8,973 426,426 467.028 435.399 CREDITORS Ainounls falling du¢ within one year 13 10.713 4,080 L¥ET CURRENT ASSETS 456,315 431,319 TOTAL NET ASSETS 459,978 440,802 THE FUNDS OF THE CHARtTY Ullre8tticted Funds Restticted Fundg 14 14 301,908 158,070 294,695 146,107 TOTAL CHARITY FUIWS 459,978 440,802 Thc Trustces acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records alld preparation of the friallcial statements. The financial statements were approved by the Board of Trustees on 14 DeLYn)ber 2023 and were signed on its behalf by: N IJackson_D' or I E Exlance- Director Company Number.. 03438413 SAUL FAIRMOLM 15. iBAN CIIAILENGE LThIITED Statement of Cash Flows for the ear ended 31" March 2023 Notes 2D23 2022 CASH FLOWS FROM OPERATING ACTIVITIES Iyet cash flows from operating activities (15.152) 191,724 CASH FLOWS FROM INVESTING ACTIVITIES Intere8t received Purcftwe of property, plant at]d equipment 14 (6,469) Net cA$h floJ*s from Investing activitles 14 {6,469) CASH FLOWS FROIII FINANCING AcfIviTIES Net C8sh flojvs from fmaDcillg aetiTrities Net (decrease)lincrease in cash and cash equivalents Cash and cash equivalents at 1st A￿11 2022 (15.138) 426,426 185,255 241,171 Cash and c&8h equivalents at 31° March 2023 411288 426,426 Re¢on¢iliAtion ofnet in¢ome to net cash (lows from o ratin actiiryties Net Ineome for the repor(iDg period (as per the sl¥tement of flnaneial position) Adjustment for.. Depreciation charges Interest received De¢r¢ase/(Increase) in Debtors Increas¢l(Decre&8e} in Creditors 19.176 141,878 5.820 {14) (46,767) 6,633 10276 39.490 80 Net cash provided by operltlttg a¢tivities (15.152) 191.724 SAUL FAIRHOLM 16. URBAN CHALLEf*GE LLKtTED Notes to the Accounts for the e4r ended 31. March 2023 ACCOUNTING POLICIES Ba$i$ of Preparation The financial statements ELave been prepared in accordance with Accounting and Reporting by CILarities: Statement of Recoll]mended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 161 January 2019)- (Charities SORP (FRS 102)). th¢ Financial Rcporting Standard applicable in the UK and Republtc of Ireland (FRS 102), the Companies Act 2006. Urban Challenge Limited meets the defiDition of a public benefit entity UfLder FRS 102. Assets and liabilities are initially recognised at bistorical cost or transa¢tion value unless othenyise stated in the relevant accounting poIicy. The Principal accounting po]ici&8 adopted in the preparation of the financial slalements are as follows.. Preparation of the a¢¢ounts on a going concern basls The accounts have been preparcd on a going concern basis. The Tntstees consider that there are no material uncertaintics about L'rban Cballenge Limited's ability to contillue as a going ¢oncenL Income Recognition Income Grdnts receivable and payable are accrucd to the Income and Expenditure Account for the period to which they rel*e. Donadons and Grants Incomc from donations and gr&ll￿ including capital graots, are included in incoming resources when these ￿e receivable. except as follows.. When donors specify that donations and grants given to the Charity must be used ￿tUre accounti￿g ￿lodS. the income is defezT¢d uniil those periods. Wben donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income, Ihc In￿Me is deferred and not included in illcoming resources unuL the preacolldJ"tions for have been met. Whcn donors specify that donations and granLS, including capital grants, are for particular restricted purposes. M'hich do not amount to pre-conditions regarding entitlemenL this income is included in incoming resourc&g of restricted funds when teeeivable. Resources Expended Liabilities are recogni8ed as ex￿dIll￿e as stM)n as Ihere 18 legal or Collstructive obligation committing the Clwity to that expenditure, it is probable that 8 transfer of economic benefit will be required in settlement and the amount of obligation can be measured reliably. Expendityre is accounted for on an accruals basis, inclusive of any VAT, and has been classified under headings that aggregate all cost related io the category. Where costs cannot be directly attributed to particular headings they have SAVL FAIRHOLM 17. URB￿ CIIALLEI%CE LtNITtED Notes to the Accounts for the eHr ended 31" March 2023 (Cont'd) ACCOUNfiNG POLICIES (CONT'D) Resources Expellded (Cont'd) been allocated to activities OD a basi5 consistent with the use of resources. These are split between the cost of generaiing fimds, charitable activities and governance costs. accoTding to their nature. Expenditure oll charitable activities is incurred on directly undertakin8 the activities which fijrther the Charitie's objectives, as well as any support costs. Alloeatlon and apportionmeTht of costs Support costs are those fimctions that assist the work of the Charity but do not diT¢c¢Iy undertake charitable acllvities. Support costs include back office costs, finance, personllel, payroll and governance costs ￿thieh support th¢ Tn￿1$ activities. These costs have been allocated to cbaritable activities. The basis on which support costs have been allocated is partly according to the costs directly incurred in those areas aud partly on the basis ofstaff number.s diri*tly employed. Interest Receivable Intcrcsl is included whej) reccivable by tbe CharAty. Fund Accountlng Funds Ileld by the ChaTity are elther. Unrestrlcted general funds- these gxe fimds which can be used in ac£ordance with Ihc ckwitable objects at the discretii>n of the Tntstees. Restricted Funds - these are funds tllat can only be used for particular restricted pryses within the objects of the Charity. Restrictions arise when specifi¢d by the donor or when funds are rdised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in th¢ [￿t¢S to the financial statements. Debtor8 Trade and other debtors ar¢ recognised at th¢ s¢ttlement amount due after any trade discount Offe￿d. Prepajinents are V￿Ued at the amouttt pryaid after taking accollnt of any trade discounts due. Tangible Fixed Assets Tangible fixed assets are stated at cost1¢5s dq)reci&tion. Depreciation is calculated to write off cost less any residuttE value on a straight line b&sis oveT their estimated s¢ful lives as follows: Annual Rate 33r/* Office EqUipM￿t Tangible fixed assets which cosi less tEwi £IIK) are not considered material and are written off in fi￿1 in the period in wbich the expense is incurred. SAUL FAIRHOLM 18. URB￿￿ CHALLENGE LI￿[[rED Notes to the Accounts for the ear ended 31" March 2023 (Cont'd) ACCOUNTI￿G POLICIES (coTrrr'D) Credi¢org and provisions credito￿ and provisions are recognised where the charity has a present obligation resuliing from a p8st event thai will probably result in the trdnsfer gf funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement arnount after allowing for any trade discounts due. Cash and cash equivalents Cash alld cash equivalents include cash at and cash in hand as well as short temi investments with a maturity date of l year fonn the date of acquisition or opening of the deposit or similar accouDt. Taxition The Charity is coDsid¢red to pass the trsts set out in Paragraph I Schedule 6 of th¢ Finauce Act 2010 and therefore it tneets the definition of a charitable company for UK cotporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains receiv￿ within categories covered by Chapter 3 Part I l of thc Corporation Tax Act 2010 or Section 256 of the Taxauon of Chargeable Gains Act 1992, to the extent that such income or gains applied exclusively to harilabl¢ PUTPO8es. Peusion Costs The Charity participates in a defmed contribution Scbeme. Pension costs rcpresellt the amount payable by the Company in respect of the y￿. Volllnteer contributions Honorary officers. tn]stees and volunteers provide support to St Barnabas H05PiC¢ Trust (Lincolnshire). Jt Is not prdctical nor feasible to place a value on the time volunteered by Ibese pe￿onS. CRITICAL ACCOLryT[￿G ESTtKATLS ANI) AREAS OF JUDGEMENT Estimates and judgements are continually evaluated atyl are based on historical experience and other factot5, inclLLding expectstions of future events that are believed to be Te&sonable ￿￿er the circumstsllces. The Charity makes estimates and assumptions con¢ettLing the future. The resulting estitnates and assump¢ions will. by definition. seldom equals the related acttthl results. The estimates and agSUmPtions that have a significant risk of causing a nlatcrial adjustmcnt to thc carrying amounts of &ssets and liabilities within the next financial year are discussed FKIOW. Key sources of estimation w]certainty'. Tangible fixed assets, other than investment properties are deP￿clated over their useful lives tsking into account r¢sidual values, w.here appropriate. The aciual lives of the assets and residual value8 are assumed annually and rnay vary depending on a number of factors. In r¢- a&sessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into acci)uni. Residual value assessments consider issues such as future market conditions. the remaining life of the asset alld projected disposal values. SAUL FAIRHOLM 19. URBAN CHALLE)GE LI￿[[TED Notes to the Aceounts for tIAe ear ended 314t Mareh 2023 (Cont'd) MEMBERS GUARAhryEE The Company is a r¢gistered clLaTity limited by guardntee with the liability of each of the Members being limited to £10. INCOMK FROM CEtARITABLE ACtivrrIES The income is attributable to the Charity's princip81 artivity. namely. that of co4)rdinatirLg with local communities in Lincolnshirc to support projecrs dealing with the problems of urban developTnenl. 2023 2022 Income comwises.. Restricted The National Lottery Commuwty Fund Lincolnshire County Council Acis Youth and Employer Support West Lindsey District Council NHS Lillcolnshire CCG (PCN Social Prescribing) City of Lillcoln Council The National Lottery Community Fund and ESF Building Better OpEM)rtL￿lti¢S Grant West Lilldsey District Council- Safer Stre&s Department of Work & Pensions NHS Lincolnshirc CCG- Covid-19 Vacci￿¢ Programme NHS Lincolnshire CCG (Metttal Health Social Ptr5cribing) Lincs Comtnunity & Voluntary Services- NHS Digital funding Lincs ComllLuuity Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead BGL - Cotllmunity Grants Barclays Grants - YMCA Lincolnshire County Couucil- Multiply Shine Project 4.500 248,880 35,708 25,000 319,739 15,366 244,000 35,708 25,000 239,929 1,000 735,590 53,125 13,040 183,236 297,600 740,001 35,550 31,664 392,499 219,196 20,098 48.875 20,686 16,705 10,157 1,385 52,000 25,646 39,135 75,600 12.394 2.121.123 2,097,819 Unrestricted Other lllcome 21,922 5,970 2,143,045 2,103,789 INVESTMENT INCOME 2023 2022 Income comprises: Bank Interest Receivable l4 14 SAUL FAIRHOLM 20. URBAN CHALLENCE I.IMrrED Notes to the Accounts for the ear ended 31".Iqarch 2023 (Cont'd) 'ALYSIS OF EXPE.NDITURE ON CHAIUTABLE ACTivrriES 2023 2022 Staff Costs LCVS LSDO Contract Other Direct Costs Th¢ National lottery Comrllunity Fund and ESF Building Better Opportunities Grant 1.229.605 144.174 41.826 1,100,241 l41,181 61,160 533,649 545.666 1,949,254 169,629 5,000 1,848.248 109.663 4,000 Support Costs (aDalysed below) Governance Costs- Auditors Remuneration 2,123,883 1,961.911 The Charity receives grants to deliver voluntary 5¢rvices in the Il"est Area of Lincolnshire. The Charity administers a proportion of its grdnts onto other p8Ancrs ID the vcnturc, &s well as utilising their share to deliver seryices itL Lincoln. This includes PI￿ldIng non material grants to other institutions in order to achieve its aims. Total expenditure was £2,123,883 (2022: £1.961.911) of whicb £2,093,402 (2022.. £1,957,149) was r&%tricted and £30.481 (2022: £4,762) was UDrestrictsd. SUPPORT COSTS 2023 2022 Rent and Rates Office Accessories and Equipment Printing. Stationery and Postage Room Hire and Refreslmellts Other A¢¢ountan¢y Services Travelling Expejjses Other Support Cosls 22.253 30,987 6,723 15,985 4,393 34,973 54,315 22,412 22,056 7,470 7,096 2,452 14,637 33,540 169,629 109,663 Support costs are allocated in their entirety to the Charity's principal activity. SAUL FAIRHOLM 21. URBAN CHALLEI'GE LLvirtED Notes to the Accounts for the ear ended 31"_March 2023 (Collt'd) NET ￿COmE FOR THE YLIR 2023 2022 This is stated after charging: Depreciatiou Staff Costs (Notc 9) Auditors R¢muDeration- Audit Fee . Other Assurance Service5 5,820 1,229,605 5,000 3,393 10,276 1.100,241 4,000 2.452 ANALYSIS OF STAFF COSTS Ahl) TRLSTEE REMLryERATION AIND EXPENSES 2023 2022 Wages and Salaries Sockal Security Costs Pension Training 1,089.140 84.145 46.385 9.935 1,003,615 64,887 31,289 450 1,229,605 1,100,241 Th¢ av¢rdge weekly number of employees during the year was as follows: Number "umber Office and Mallagcment 59 62 No employees have emoluments in excess of £60,000 per annum. No Trustees received rein)burs¢ment for ¢xpens¢s incurred during the year ended 31" March 2023 or 31° Manh 2022. The total employment benefits of the key management kKrsonnel of the charity were £50,347 (2022.. £49,008). io. TAXATION Therc w&$ no liability to corporation tsx for the cutrent or previous ycar. FAIRHOLM 22. URBAN CHALLLJGE LIMtrED Notes to the Accounts for the ear ended 31°'_March 2023 (Cont'd) ii. TANGIBLE FIXED ASSETS OtTice ui Totsl COST: At I" April 2022 Additions Disposals 46.717 46,717 At 31" March 2023 46.717 46,717 DEPRECIATIOY4: At 1st April 2022 Char8¢ for the Year On Disposals 37,234 5.820 37,234 5.820 At 31" March 2023 43.054 43,054 NET BOOK VALUE: At 31° ￿Iar¢b 2023 3.663 3.663 At I" April 2022 9,483 9,483 12. DEBTORS 2023 2022 AttLounls due within olle year. Trade Debtors Other Debtors Prepayments 52,774 1,20(1 1,766 7,800 1,173 55,740 8,973 13. CREDITORS 2023 2022 Amounts falling due within one year: Accrued Expenses Other Cr¢thtors 5,000 5,713 4,080 10.713 4.080 SAUL FAIRHOLM 23. URBAN CHALLENGE LLMITED Notes to the Accounts for the ear ended 31"_March 2023 {Collt'd) 14. ANALYSIS OF CHARtTABLE FUNDS As at 31. Mareh 2023 At Incoming 31J.2022 Resources Outgoing Resources At 1.3.2023 ransfer8 Restricted Funds City of Lincoln Council Neighbourhood Boards Lincolnshire County Council West Lindscy Dlstrict Council The National Lottery Community Fund and ESF Building Better Opportunitie8 Grant The National Lottery Community Fund Lincoln Neighbourhoods Together Network West Lindsey District Council Safer Streets NHS Lillcolnshire CCG - Covid- 19 Va¢cille Progranllne Dq)artment for Work & Pensions- The Netwo ACIS Youth and Employer Support Fund Lincolnshire County Council- Green Space Grant NHS Lincolnshire CCG (Mental IIealth Social Prescribing) NHS Lincolnshire CCG (PCN Social Prescribing) Lincs Community Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead NHS Digital Funding Barclays Grallts - YMCA Lincolnshirc County Council Multiply Shine Project 3,673 3.277 248.880 25.000 396 248,880 25.000 49,812 735.520 707,630 (15,758) 61,944 4.500 4,500 53,125 43,727 9,398 11,410 183.236 194,646 13.040 13.040 35.708 35,708 424 424 60.564 297,6IN) 298.183 59,982 319,739 52.000 25,646 39,135 319.739 51,000 25.646 39.135 20.098 126 1,000 20.098 126 75,6(K 12,394 50,250 12,394 25,350 146.107 2,121,123 2.093,402 (15,758) 158,070 UnreNtrlcted Funds Non-Designated Funds 294,695 21.936 30.481 15,758 301,908 Total Fund% 44(1,802 2.143,059 2,123,883 459,978 SAUL FAIRHOLM 24. UILBAN CHALLENGE LLWTED i otes to the Aecounts for the ear ended 31° March 2023 (Cont'd) 14. ANALYSIS OF CHAIUTABLE FUM)S CO.NT'D As at 31st March 2022 At Incoming Outgoing 31J.2021 Resources Resources Trgnsfen 31.3.2022 Restricted Funds NIIS Lincolnshire CCG (PCN Social Prescribing) City of Lincoln Council Neighbourhwd Boanls Lincolnshire County Council West Lindsey District Council The Natiothal Lott¢ry Community Fund alld ESF BuildiDg Better OppoL%￿}ltieS Grant The National Lottery Community FutLd- Lillcoln NeigbEK)urhoods Together Network 239,929 239.929 4,390 717 244,000 25,000 3,673 244,(KlO 25.(KJO 19,545 740.￿1 685,718 (24,016) 49,812 15,366 13.829 (1,537) West Lindsey District Council- Safer Strcets NHS Linco]nshire CCG- Covid- 19 VaccitLC Progrnn)me Department for Work & Pensions- The Network ACIS - Youth and Employer Support Fund Lincolnsbire County Council- Green Sp&ce Grant NHS Liucolnshire CCG (Mental Health Social Prescribing) Lincs CommuDity Fund- GLAP LVET- Volunteer Host project LVET- SP Dev Lead BGU- Community fjrants NHS Digital Funding Ba￿layS Grants - YMCA City Of Lincoln Council Employment Allowance 379 35.550 35.929 17.327 392,499 305,641 (92,775) 11,410 31,6fv1 31,664 35.708 35.708 3.500 83.6?4 3,076 242,256 424 60,564 219,196 48.875 20,686 16.705 10,157 20,098 1,385 48,875 20,686 16,705 10.157 20,098 126 1.259 1.000 (5.000) 128,765 2,102,819 1,962,149 (123.328) 146,107 Unrestrlcted Fullds Nott-Designated Funds 170,159 5.970 4,762 123.328 294,695 Total Funds 298,924 2,108.789 1,966,911 440,802 SAUL FAIAHOLM 25. URBAN CHALLEliGE LL￿￿ED Note5 to the Accoullt5 for Ihe ear ended 31" March 2023 (Cont'd) 14. ANALYSIS OF CHAIUTABLE FUNDS Restrleted Fund5 R¢stricted Funds are received frotn a number of sources to match fund projects forming the core activities of the Company. The National Lottery Community Funds:. ESF Building Better OpportunitKes Cranl ESF Building Better Opportunlties GTaJlt- Steps FoTw￿d and 14incoln Neighbourhood$ Together NetTh'ork The transfer from these restricted funds to unrestricted in the year ended 31" MarcEL 2023 rel&t¢s to a IOO/o or 15 /0 rontribution within the grant agreemellt towards unrestricted indirect costs. NHS Lincolnshlre CCG- Covid-19 Vaccille Programme The transfer from these restricted fi]nds to unrestric*d funits in the year ended 31" March 2022 relates to a management fee for the rLuming of the programme. 15. ANALYSIS OF NET ASSETS BETWEEN FlI￿T>s Unrestricted Restricted Funds Funds Fund Balanccy ai 31* March 2023 are rcpresented by.. Fixed Assets Curr¢nt Assets CuTr¢nt Liabilities 3.663 308.958 (10,713) 158,070 Total Net Assets 301,908 158.070 Unrestricted Restricted Funds Funds Fund Balances at 31 March 2022 are Tepresented by: Fixed Assets CUr￿n1 Assets Current Liabilities 9,483 289,292 (4,080) 146,107 Total Net Assets 294,695 146.107 16. PENSION COSTS The Charity operates a defmed contribution pension scheme. Pensions costs dwing the year totalled £46.386 (2022: £31,289). The amounts unpaid as at 31" March 2023 w¢r¢ £5.713 (2022 - £nil). FAIAHOLM 26. LIiBkn CHALLEJGE LiIKrrED Detalled Illcome And elldlture Accoullt for the Year ended 311t Mar¢h 2023 2023 2022 INCOME City of Lincoln Council Lincolnshire Counry Council The National Lottery Community Fund The National Lottcry CommuDity Fund and ESF Buildillg Better Opportunities Grant West Lindsey Di8tTiCt C0￿clI Other tncome NTIS Linco]nsbire CCG IPC¥ Social Presuibing) A¢is- Youih and Employer Suppon 'HS Lincolttshire CCG (Mental Health So¢ial Prescribing) NHS Lincoinshirc CCQ- CoTrid-19 Vaccine Progrrnc Department of Work & PensioDS- The lietwork West Lindscy Di$¢rici Council - Safer Strects Lin¢s Community Fund- GLAP Lincs Cotnmunily & Voluntary S¢rvices- NHS Digital Funding LVET- Volunteer Host project LVET- SP Dev Lead BGU- Community Grants Barclays Grants- YMCA Linco]nshire County Council- Multiply Shme Project 248,880 4,500 735.520 244,(h)O 15,366 740.001 ?5,000 21,922 319,739 35,708 297,6(Kl 183 ?36 13,040 53,125 52,000 25,000 5,970 239,929 35,708 219,196 392.499 31,664 3),550 48,875 20,098 20,686 16,705 10,157 lJ85 25.646 39,135 75.600 12,394 2,143,(H5 2,103,789 INVESTMENT ]P*COLKE Intcrcsl Received 14 TOTAL INCOME 2,143,059 2,103.789 SAUL FAIRHOLM 27. LTRBAli CHALLEIGL LIMITED Detalled Income and Ex enditUTe Aecount fDT the 'ear ellded 31° March 2023 (Collt'd) 2023 202 TOTAL tNCOME BROUGHT FORWARD 2.143,059 2,103,789 EMPLOYMENT COSTS Employment Cost8 - Direct Employees 1,229,605 1,100,241 DIREcf COSTS Particip&llt Expens¢s and Allowances Oth¢r Direct Costs Lin¢olnshire Community and Volutttary Services LSDO Contract The National Lottery Cotnmullity Fund and ESF Building Better Opportunities Graut The National Lottery Comtnunity Fund- Lincoln NeighbouThood Together Network Neigl]Ix)urho(Ml Awards The Nctwork- DWP 'een Spaces LCVS- NHS Staff Funding Barclays HaTd5hip Fund (YMCA) Lincoinshire County Council- Multiply 7,983 3.329 7.112 2.028 144.174 141,181 533.649 545.666 5,752 453 31,664 3,076 9,900 1,175 13,040 17,475 7l9,650 748,007 193.804 174,6?8 OVERHEADS ￿age 28) 255,541 113.663 SURPLUS FOR THE YEAR 19,176 141,878 SAUL FAIRHOLM 28. URBAN CHALLENGE LtTrllTED Schedule of Overhe*d$ for the ear ended 311¢ March 2023 2023 2022 OVERHEADS Rent and Rates, Light and H¢4t 22,253 22,412 Office Accessories, Equipm¢ni and Repairs 46,996 22,056 Printing, Stationery and Postage 6,723 7.470 Room Hir¢ and Refreshments 15.984 7.096 tnsuydttces 3,025 2,260 Auth't Fee and Other Serhryces 9,393 6,452 Consultancy F¢es and other Profes$ionaI Costs 3,829 Telephone 14,713 11.858 Bank Charges 712 543 Travelling Expenses, etc 34,973 14,637 Sundry Expenses 9,997 8,272 Advertising 210 331 D¢prcciatii)n 5,820 10,276 174,628 113,663 SAIIL FAIRHOLM