REGISTERED COMPANY NUMBER: 03647928 (England and Wales) REGISTERED CHARITY NUMBER: 1074453 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR TRAIL-BLAZERS MENTORING LTD Gibbons Mannington & Phipps LLP Chartered Accountant5 Landgate Chamber5 24 Landgate Rye East Sussex TN31 7LJ
TRAIL-BLAZERS MENTORING LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Reference and Admlnlstratlve Detalls Chairman's Report Report of the Trustees 3 to 8 Independent Examlner's Report ststement of Financial Activities io Balance Sheet li to 12 Notes to the Flnanclal Statements 13 to 20
TRAIL-BLAZERS MENTORING LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES C A Kemp (Chair) N A Janjua (resigned 2214/2023) T Pauk P R F Simpson {rasUrer} (resigned 221412023) Fi James-Ford D Hall J Danton C F Lofters (appolnted 261112023) J Kitchin (Treasurer) (appointed 22/4/2023) D Troman (appointed 2214/2023) COMPANY SECRETARY P R F Simpson REGISTERED OFFICE Landgate Chambers Rye East Sussex TN31 7LJ REGISTERED COMPANY NUMBER 03647928 (England and Wales) REGISTERED CHARITY NUMBER 1074453 INDEPENDENT EXAMINER Gibbons Nannington & Phipp5 LLP Chartered Accountants Landgate Chambers 24 Landgate ye East Sussex TN31 7LJ Page I
TRAIL-BLAZERS MENTORING LTD CHAIRMAN'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The Trustees (who are also the directors of Trailblazers for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Trustee5 to prepare a financial statement for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the flna nclal statement, the Tr(Jstees are requlred to: Select suitable accounting policies and then apply them consistently,, Observe the methods and principles in the Charity SORP; Make judgements and estimates that are reasonable and prudent; Prepare the financial statements ori the going concern basis unle55 It Is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularitie5. Approved by order of the Board of Trustees on 22nd Aprll 2024 and signed on its behalf by: Carina Kemp Chair Page 2
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements or the charity for the year ended 31st December 2023. The trustees have adopted the provisions of Accounting ar)d Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms Trailblazers objettives are: The rehabilitation of persons who are or have been subject to a criminal charge and are serving a custodial sentence in one of Her Majesty's Prisons or Young Offenders Institutions, by means of educational training, mentoring or guidance provided to such persons so as to assist in their rehabil itation i nto the bvider com munity. Aims,. To reduce the likelihood of re-offending and/or the seriousness of re-offending by preparing offenders for release To ease the difficult period of transition of the offender back into society following release from prison To empower the young person to make positive choice5 by developing the offender'5 self-e5teem, confldence, education and knowledge of opportunities To enhan the resettlement services offered by HMPS by uslng volunteer mentors to support offenders on release. Public benefit The Trustees, having reviewed the main activities undertaken by Trailblazers to further its charitable purposes for the public benefit, conclude that public benefit continues to be derived from Trallblazers activities. Trailblazers reduces the likelihood of re-offending by preparing offenders for release and supporting them during a transitional period post-release. Trailblazers consistent success in ach levi ng significa ntly lower re-offending figures as compared with the national average (see below) provides a tangible public benefit. Reduction in crime leads to safer communities a nd fewer victims of offending behaviou r, and in addition contributes to a reduction i n the costs to the public purse associated with policing, court processes and holding an individual in a prison or young offenders institution. The Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission, Volunteers Volunteer mentors are tralned to listen, advise, support and challenge thelr mentees, and help therr plan their future after release from custodv. Mentoring is pri ma rily intended to take place inside the prison in the final six months of the mentee's sentence a nd continue post-release for up to a further nine months. Mentorlng consists of a structured programme dellvered through the use of toolsets whlch comprlse Introductlon to Mentorlng, Better Relationshlps, Assertlng Myself, Money Matters, Getting to Work, and Through the Gate. There are no general volunteers, Page 3
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE Charitable activities In the twelve months covered by this report, Trailblazers Mentoring (Trailblazers) continued to offer mentoring and prattical support to male prisoners aged 18-35, both In prison ané post-release for up to 18 months in total. Our aim is to educate, encourage and inspire the men to change their future and make a posltive impact in their communities. We achieve this through intensive weekly, one-to-one mentoring sessions, delivered by a large cohort of volunteers, and accompanying practical assistance, including support to move into Employment Training and Education (ETE). our focus is to ensure that essential elements for re-settlement are in place at the time of release and duri ng the critical early months post-release. Four core areas of focus in 2023.. l. Maintaining the delivery of tailored one-to-one mentoring and practical support to men who are committed to rebuilding their lives after leaving prison and helping them navigate life in the community in the critical months once 'Through the gate,. Demand for Trailblazer's mentoring services by men in prison seeking our support has continued to rise during 2023 reflecting our reputation for providing valued, relevant, and tailored help. Referrals come mainly through self-referrals based on word of mouth, but al50 from prison staff and charities working alongside us. The unique and powerful combination of long term, intensive rnentoring and practical help has been Invaluable to the men being mentored and covers: Weekly tailored l-l mentoring for up to 6 rnonths pre-release Pre employment preparation workshops offered in conjunction with our corporate partners and/or l-l individual cmploymcnt support prc- and p05t-rclca5c from prison Individual action plans to prepa re for release and setting up essentials for life outside prison Release care packages (smartphones to contact probation; apply for Jobs; and keep In contact wlth famSlles); applying for benefits; securing ID,. providing access to banking. the provision of travel cards; food and clothing vouchers,. support to arrange safe accommodation Community mentoring for up to 12 months post release with individual action plans being reviewed regularly Career guidance and support to access often in conjunction with partners in both corporate and charitable sectors. 2. Building new partnerships with a variety of organisations aimed at increasing employment and training opportunities for prison leavers and developing referral pathways with specialist support services for the men le.g. health, housing)., Bridge Recruitment, London providing tailored support for mentees pre and post release from prison ICV writingi i nterview preparationR job opportu n ities). Severn Trent PLC, West Midlands ernployees Joined as volunteer rnentors, dellverlng workshops In custody wlth the aim of mentees going into the company's learning academies with the end go31 of employment. They also deliver employability workshops in the prisons to upskill the mentees and help them get 'work ready, prior to release,, XO Bikes- mentees cruIted to repair and resell bikes in London. SUITSME Partnership created with the only e-money service allowlng accounts to be setup by staff pre-release with Trailblazers staff providing charity endorsement to verify mentees; New Leaf CIC Employment provider set up by ex-offenders for ex-offenders; Brighter School of Teaching - Level 5 counselling students providing l-l therapeutic support to mentees pre- and post-release from prison; Sustainable Tech 4 Good - providing Iow-c05t reconditioned phones and other tech devices for the mentees; CGI UK - developed digital skills workshops for use with mentees in the prisons. 3. Increasing Tra ilblazers capabilities by developing ou r people and strengtheni ng policies, procedure, and systems resulting in a more robust operational infrastructure.. Page 4
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 During the year team resourcing was developed further with the appointment of a Project Coordinator in the West Midlands, enabling a new mentoring service to be established at HMP Featherstone. A Finance and Administration Officer was also recruited with accountancy qualifications, further strengthening financial management. Two new trustees have been recruited and are undergoing induction training ahead of their anticipated appointment in 2024; The Board has a150 introduced a Fellows role designed to encourage people 'new to Boards, to fully experience being a trustee without having to commit at the outset. As a result, two Fellows have joined Trailblazers, further strengthenlng the team. 4. Raising the charity's profile which has included updating the charity's website and the significant increase in the use of social media to promotes its activities and achievements. For example, during the year a series of short videos were produced to a55iSt with the recruitment of new volunteer rnentor5 and to attract new 5UPPOrter5. Continued Success Trailblazers, key achievements in 2023: 158 men mentored and supported,, 104 new mentees vere mentored through 1562 mentoring sessions amounting to over 2300 mentoring hours. 98 mentee5 were 5ucce55fully released from pri50n and have not re-offended- 950/0 of mentee5 fulfi Iled thelr licence condition5. 294 'Through the Gate, care packages were provided (smart phones; travel, food and clothing vouchers) to 107 mentees; 65 mentors were supported providing invaluable weekly mentoring both face to face and remotely in prisons and the communityi 38 new mentors were recruited, onboarded, and received 6 sessions of intensive training (totalling 24hrs). Topics covered included safeguardlng, trauma informed practice, unconscious blas and mentoring people wlth complex needs; 16 men achieved mentoring qualifications at HMP Oakwood as part of the peer-to-peer mentoring programme; 20 mentees undertook employment workshops. 56010 of mentees in the community benefited from education, training and employment opportunities,. 800/0 men being released from prison were supported in securing safe, permanent accommodation. All mentees said they felt prepared for release from custody. 800/e feel more positive about the future,. Over 800/0 have a better understanding of how their experiences have shaped their lives. Over 800/0 have greater independence, self-reliance and feelings of self-worth,. Over 800/0 said they are very likely to recommend Trailblazers,. 309/0 said they would like to become a mentor in the future. Trailblazer's work is actively supporting the government's aim to reduce re-offending and reduce the impact of crime on soclety. For those who had access to Trailblazers, the re-offending rate after the flrst year was 9010, compared with a national rate of between 24.90/0 55.5 note l (depending on the length of prison sentence). This track record supports: Ind ividua Is achieving i ndependent fulfil ling lives with hope for the future, combi ned with higher self-esteem and confidence,. The building of safer communities,. Improving social mobillty opportunities,. Reducing future victims of crime; Saving c. £2.48m for the Exchequer annually. Trailblazer's support typically costs £2.5k/mentee compared to over £46k p.a. for each person held in custody. Page 5
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 In 2023 Trailblazer5 was awarded the Gold Standard in the Second Chances Charter by the West midlands Police and Crime Commissioner. The award was made for Trailblazers being an Inclusive employer and demonstrating it had processes in place to ensure job descriptions and recruitment processes did not deter candidates with lived experience being able to apply and that there was appropriate support in place if they secured a position. Our team CDntinue to actively engage with their local communities, including local volunteering agencies, corporates, universities, colleges, and community groups to recruit a cr055 section of volunteer mentor5 Wlth a diverse set of skills, experience knowledge and cultural awareness. The trustees thank all these organisations for thelr tremendous commltment to Trallblazers and are extremely gratefLJI for thls support. The Trustees would like to thank all staff and volunteers for their tremenéous hard work, dedication and making such a significant and positive impact on the young people committed to rebuilding their lives having experienced time in prison. The Board of Trustees and staff at Trailblazers are enormously grateful to all fundei-s whose generosity enables the team of volunteers and staff to continue to provide an essential lifeline to many prison leavers supporting them in rebuilding their l ives for themselves, their families and communities. Note I: Ministry of Justice re-offending rate data January 2024. FINANCIAL REVIEW Financial position Tho finances of the charity continue to be stable with a surplus of £1,760 compared with a surplus in 2022 of £26,768. Reserves amounted to £73,879. The cash position remained strong at £277,605, an increase from the previous year at £237,923. The financial position is reviewed rnonthly by the Chair, Treasurer and CEO and by the Trustees at quarterly board meetings. Principal funding sources All pre-existing grantors have continued to fulfil their funding promises and new applications for funding to trusts and foundations were Increased In response to the tightening funding conditions within the grant-maklng sector. Key funders include: Lloyds Bank Foundation CABWI The Charles Hayward Foundation The Dulverton Trust The Swlre Charitable Trust The Triangle Trust Garfield Weston Foundation As part of the charity's three-year Business Plan the charity continued to diversify potential sources of income with generous funding provided by corporate5 (Severn Trent PLC and Brigstock Ltd) and pro-bono sUPPOrt (Clifford Chance LLP, the Lloyds Bank Foundation, and the Media Trust), Investment policy and objectives Trailblazer's funds are largely due to be used in the short term, so the Trustees consider that long term investment is inappropriate, Funds not required immediately are therefore held in a deposit account or short-term bonds. Page 6
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 FINANCIAL REVIEW Reserves policy Trailblazer's reserves policy is to have unrestricted funds that is, not committed or invested in tangible fixed assets in reserve to cover at least six months of expenditure to dea I with any significant decrease in funding. The level of unrestricted reserves on 31 December 2023 was £73,879 (2022 £72, 119) comparable to two months expenditure. This level of reserves is greatly mitigated by cash in hand of £277,605 representing grants already received in respett of expenditure planned for 2024 and covers at least six months expenditure. FINANCIAL AND RISK MANAGEMENT OBJECTIVES AND POLICIES A new Business Plan will be developed during 2024 and will focus on refining and building on the 5 key areas of the current plan., Expansion of services within the current geographical areas of service provision and to new areas when opportunities present (funding dependent). People development for staff, volunteers, trustees and Fellows; Increasing the number of partnerships both in prison and the communityi Wlth a key priority being organizations that can offer ETE opportunities,. Susta inability (financial, operationa I, a nd environmental),. Improved processes and system5 and raising the charity's external profile. The current business plan has alloweé Trailbla2ers to enter 2024 as a strong and resilient organisation able to move forward with ambition and confidence in developing and delivering a more sophisticated programme of service delivery. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited companyi limited by guarantee, as defined by the Companies Act 2006. The charity is controlled by its governing document, a deed of trust, and constitutes a limited companyi limited by guarantee, as deflned by the Companles Act 2006. Trail-Blazers Mentoring Ltd (also known as Trailblazersl, is a charitable company limited by guarantee without share capital incorporated Dn 12 October 1998 and registered as a charity on l March 1999. The company was established under a Memorandum of Association which established the objects and the powers of the charitable company and is governed under its Articles of Association. Amended Articles of Association were adopted on 23rd September 2020. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Charity constitution Members of the Board of Trustees, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of thls report are set out on page l of this document. In accordance with company law, as the Company's Directors, we confirm that so far as we are aware, there is no relevant information of which the Company's independent examiners are unaware,. and as the Directors of the Company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's independent examiners are aware of that information. Page 7
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees Trailblazers aims to have not less than four Trustees at any one time, up to a maximum of ten. As soon as a serving Trustee declares an intention to resign, the Trustees will endeavour to recruit a new Trustee. From time to time the Board reviews the skills and diversity of existing Trustees and identifies gaps. Trustees are recruited by means of personal approach and wider advertising via the national press and specialist Third Sector publications. The Board are currently seeking to include more trustees with lived experience and involvement in the criminal justice system, and developing the charity's external profile. Organisational structure Day to day responsibility is delegated to the CEO who ensures that the charity delivers the services specified; financial management, legal compliance, human resources, fundraising and marketing, public relations and risk management. The CEO is supported by the Board of Trustees who meet quarterly as a Board to contribute to the strategic direction and policy of tl)e Charity. The Board of Trustees and CEO agree annual organisational objectives and a Personal Development Plan for the CEO in December with bi-monthly supervision meetings conducted by the Chair with the CEO. Additionallyi the CEO and Chair meet informally weekly. The CEO has peer support through a sponsored Charities, CEO forum. The Service Delivery Director is responsible for overseeing all projects activities. This including supporting and supervising the Project Managers, ensuring KP15 and outcomes are )chieved and has a key role in the strategic planning ané development of services and partnerships. Each project is led by a Project Manager who is based at that prison. The Project Manager has day to day responsibility for the management of that projett including recruitment and training of mentors and potential mentees, matching of mentors to mentees, meeting targets and effective data management and record keeping. In 2023, Project Nanagers were in place at HMPYOI Brinsford; HMP Brixton. HMP Aylesburyi HMP Featherstone and HMPYOI Isis; Volunteer and partner recruitment is provlded to the team by the Volunteer and Partnership Coordinator,, Community Support Workers provide intensive prattical support to mentees in the six weeks prior to release and in the community after release; Trailblazers also employs a Finance & Administration Officer who manages all the operational and finance functions of the charity. Monthly management accounts are produced with the help of the Treasurer. Inductlon and tralnlng ol new trustees After the initial approach the prospective Trustee will meet with the Chair and another Trustee, followed by a meeting with the CEO. These meetings will include a full briefing on the legal and financial responsibilities of Trustees, and a thorough explanation of the work of the chariLy. The prospective Trustee will receive: The Memorandum and Articles of Association; The latest published Annual Accounts and Trustees, Report; A current copy of the management accounts, whlch includes the year's budget; Minutes of the previous three Board meetings,, A copy of the latest relevant Charity Commission guidance for Trustees; Safeguardi ng Policy and onl ine training in safeguarding. After attendlng a Board meetlng as an obscrvcr, a declslon Is made by the Trustees, In consultation wlth the prospective Trustee and the CEO as to suitability. The formal vote to elect a new Trustee will take place at the next approprlate Board meeting and will be ratlfled at the next Annual General Meetlng, On ratlflcatlon by the board, each new trustee is provided with a formal induction. Approved by order of the board of trustees on 1st May 2024 and signed on it5 behalf by: C A Kemp- Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRAIL-BLAZERS MENTORING LTD Independent examiner's report to the trustees of Trail-Blazers Mentoring Ltd ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2023, Responsibilities and basis of report As the charity's Irustees of the Company {and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are oiigible for Indepenaent examlnatlon, I report In respect of my examlnarion of your charlty's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givlng me cause to believe: accounting records were not kept In respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records, or thc account5 do not comply with thc accounting rcquircmcnt5 of Scction 396 of thc 2006 Act othcr than any requirement that the accounts give a true and fair view which is not a matter considered as part of an Independent examlnatlon,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters In connectlon with the examlnatlon to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr K. Luck Glbbons Mannlngton & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 1st May 2024 Page 9
TRAIL-BLAZERS MENTORING LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 70,605 2,000 72,605 136,921 Charitable activities Mentorlng of young offenders 187,897 162,635 350,532 300,667 Investment income Other income Total 2,718 2,718 655 400 438 643 262 720 164 635 427 355 EXPENDITURE ON Raising funds 20,448 20,448 37,707 Charitable activities Mentoiirig uf youny offenders Total 405 147 425 595 405 147 425 595 374 L68 411 875 NET INCOME/(EXPENDITURE) Transfers between funds Net movement In funds 262,720 260 960) 1,760 (260,960) 260 960 1,760 26,768 14 1,760 26,768 RECONCILIATION OF FUNDS Total funds brought forward 72,119 72,119 45,351 TOTAL FUNDS CARRIED FORWARD The notes form part of these flnanclal statements Page 10
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) BALANCE SHEET 31ST DECEMBER 2023 2023 Total funds 2022 Total fund5 Unrestricted fund Restricted funds Notes CURRENT ASSETS Debtors Cash at bank 12 488 196 312 196,800 488 277 605 278,093 2,551 237 923 240,474 81,293 CREDITORS Amounts falling due within one year 13 {122,921) (81,293) (204,214) (168,355) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 73,879 73,879 72,119 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 14 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023. The members have not requlred the company to obtaln an audlt of Its flnancial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibil ities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these flnanclal statements Page 11 contlnued...
TRAIL-BLAZERS MENTORING LTD (REGISTERED NUMBER: 03647928) BALANCE SHEET - continued 31ST DECEMBER 2023 These financial statements have been prepared in accordance with the provisions of the charitable small companie5 regime. The financial statements were approved by the Board of Trustees and authorised for issue on 1st May 2024 and were signed on its behalf by.. C A Kemp- Trustee J Kitch in Trustee The notes form part of these flnanclal statements Page 12
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the h istorical cost convention. Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receiva ble. The va lue of services provided by volunteers has not been included. Grants are only included in the accounts when the income recognition criteria are met. In the case of performance related grants, income is only recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met. Expenditure Expenditure is recognised In the period in which they are incurred, these Snclude attrlbutable VAT which cannot be recovered. Expend iture is all allocated to the primary activity of mentoring, except as stated below.. Fundraisin9 and publicity costs are those incurred in generating income and promoting the company's profile. Governance costs are those incurred exclusively on the administration of the company and its compliance with statutory requirements which comprise the cost of auditing and accounting. Support costs are those incurred direttly in support of expenditure on the objects of the company. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment 330/0 on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used Sn accordance wlth the charltable objectlves at the discretlon of the trustees. Page 13 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES - continued Fund accounting Restricted funds can only be used for particular restricted purposes within the objetts of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose af each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Donated goods and services Donated services and facilities a included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be rneaSud reliably. Donated services and facilities that are consumed immediately are recognised as income with 8n equivalent amount recognised as an expense under the appropriate heading in the SOFA. Debtors Debtor5 (including trade debtor5 and loan5 receivable) are measured on initial recognition at settlement amount after any trade dlscounts or amount advanced by the charity. Subsequentlyi they are measured at the cash or other conslderatlon expected to be recelved. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. DONATIONS AND LEGACIES 2023 2022 Donations 136 921 Included in Donations is an amount of £24,996 (2021 £24,996) for donated facilities and services provided by each of the 4 prisons that the charity serve5. It is a best estimate of the value of the facilities and service5 provided, The corresponding expenditure 15 included in the direct cost5 of the charitable activlty of mentorlng young offenders. Page 14 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 INVESTMENT INCOME 2023 2022 Deposit account interest 655 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Mentoring of young offenders Grants 350 532 300 667 Grants received, included in the above, are as follows: 2023 2022 Grant making i nstitutions 350 532 300 667 CHARITABLE ACTIVITIES COSTS Support costs Csee note 6) Direct Costs Totals Mentorlng of young offenders 405 147 SUPPORT COSTS Governance costs Management Flnance Totals Mentoring of young offenders 58 NET INCOME/{EXPENDITURE) Net income/(expenditure} is stated after charging/{crediting)'. 2023 2022 Independent examlners, remuneratlon Page 15 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31st December 2023 nor for the year endeci 31st December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022. STAFF COSTS 2023 2022 Wages and salaries Social security costs other pension costs 294,752 22,581 264,059 21,463 322 644 290 706 The average monthly number of employees during the year was as follows: 2023 io 2022 Employees No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestrlcted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 133,928 2,993 136,921 Charitable activities Mentoring of young offenders 161,362 139,305 300,667 Investment income Other income Total 655 400 296 345 655 400 438 643 142 298 EXPENDITURE ON Raising funds 37,707 37,707 Charitable activities Mentoring of young offenders Total 374 168 411875 374 L68 411 875 NET INCOME/{EXPENDITURE) 296,345 (269,577) 26,768 Page 16 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted fund funds Total funds Transfers between funds Net movement in funds 269 578) 26,767 269 578 26,768 RECONCILIATION OF FUNDS Total funds brought forward 45,351 45,351 TOTAL FUNDS CARRIED FORWARD 11. TANGIBLE FIXED ASSETS Computer equipment COST At 1st January 2023 and 31st December 2023 DEPRECIATION At 1st January 2023 and 31st December 2023 NET BOOK VALUE At 315t December 2023 At 31st December 2022 8,039 8,039 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments and accrued income 1,335 488 488 Page 17 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social security and other taxes other creditors Accruals and deferred income 6,397 5,691 192 126 204 214 7,338 4,705 156 312 168 355 The charity's Income is almost entirely grant based which are applied for on an annual (or in one case - 24 months) basis to provide mentoring for the ensuing 12 months. It therefore seems appropriate for the accounting policy to reflect this. It also enables the accounts to more accurately reflect the position by matching income and expenditure. 14. MQVEMENT IN FUNDS Net movement in funds Transfers between funds At 31112123 At 111123 Unrestrlcted funds General fund 72,119 262,720 (260,960) 73,879 Restricted funds Ayle5bury Brinsford Isis Wandsworth Brixton Severn Trent DPA Featherstone (40,885) (84,095) (72,838) (3,060) (64,838) (20,387) 28,590 40,885 84,095 72,838 3,060 64,838 20,387 (28,590) {260 960) 260 960 TOTAL FUNDS Page 18 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 14. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 262,720 262,720 Restricted funds Aylesbury Brinsford ISIS Wandsworth Brixton Severn Trent DPA Featherstone 11,666 37,083 3,125 7,125 38,541 32,084 31,844 (52,551) (121,178) (75,963) (10,185) (103,379) (52,471) (3,254) (40,885) (84,095) (72,838) (3,060) (64,838) (20,387) 28,590 164 635 427 355 425 595) 425 595) 260 960) TOTAL FUNDS Comparatlves for movement In funds Net movement in funds Transfers between funds At 31112122 At 111122 Unrestricted funds General fund 45,351 296,346 (269,578) 72,119 Restricted funds Aylesbury Brinsford ISIS Wandsworth Brixton DPA Oakwood {63,569) (94,393) (28,475) (22,046) <31,181) {28,537) 63,569 94,393 28,475 22,046 31,181 28,537 269 578) 269 578 TOTAL FUNDS Page 19 contlnued...
TRAIL-BLAZERS MENTORING LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 14. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 296,345 296,346 Restricted funds Aylesbury Brinsford ISIS Wandsworth Brixton DPA Oakwood 13,082 499 48,112 63,660 10,788 6,157 (76,651) (94,892) (76,587) (85,706) (41,969) (34,694) (63,569) (94,393) (28,475) (22,046) (31,181) (28,537) 142 298 438 643 411 876) 411 875) 269 Jf78) TOTAL FUNDS Transfers between funds Grants made are orten restrlcted to one of the charSly's four projects young offender's prSsons where mentors are provlded by employing a project manager to match mentors wlth mentees. Income and expenditure is analysed by project and any shortfalls covered by a transfer of funds from the unrestricted (core) fund. Support costs, such as management costs and the cost of raising funds are split among the projects. 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st December 2023. Page 20
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