COMPANY REGISTRATION NUMBER: 2699097 CHARITY REGISTRATION NUMBER: 1078105 TOUCAN EMPLOYMENT Company Limited by Guarantee Unaudited Financial Statements 31 March 2024
TOUCAN EMPLOYMENT Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the linanclal statements Detailed statement of financial activities 24
TOUCAN EMPLOYMENT Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Ref8rence and adminlstralive details Registered charlty name TOUCAN EMPLOYMENT Charily registratlon number 1078105 Company reglstration number 2699097 Prlncipal olflce and reglstered Rm LG12 offlce Thames Reach Employment Academy 29 Ped(ham Road London SE5 8UA The trustees Richard Scroggs Alison Backhouse Mabel Nwoko Neale Thomas Laurie Mathison Silvia Sacritan Barrero (Appointed 15 December 20231 (Retired 15 December 2023) COMPANY SECRETARY BJOHNSON INDEPENDENT EXAMINER LORAINE LAoN FCCA 51 NORWOOD HIGH STREET LONDON SE27 gJS sifuu• governance ana management Toucan Employment is a charitable company limited by guarantee. The company was established under a Memorandum of association which contains the obj8Cts and powers of the company. Since Toucan Employment commenced operations it has focused on reducing the social exclusion of people wilh learning difficultiesldisabilities and autism from the London boroughs of Southwark, Lambeth and Lewisham, by aiding them to find and retain employment. Our service is tailored to meet both the needs of the job-seeker and the employer by offering lull support during the whole of the recruitment process,. we work with employers to set up/find jobs that are suited to our clients, abilities and interests and offer on-the-job support and job coaching to meel the needs of our clients and their employers, as required. Toucan Employment has a board of trustees who meet at regular intervals throughout the year. They are reswnsible for the strategic direction and policy making of the charity.
TOUCAN EMPLOYMENT Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontffnued) Year ended 31 March 2024 Oblectives and actlvities Toucan Employment was established in 1989 and since has worked with hundreds of individuals and employers to promote the inclusion of disability in the workplace. In the last 10 years we have supported thousands of people with learning difficulties/disabilities and autism into paid employment. We work with some of most marglnalised people in the job marl(et- people who would often otheNise just be left in the mire of day centres, where th8re is a self-perpetuating circle ol disinterest and meaningless activities. Therefore our principal objective is the provision of employment services to people with learning disabilities, who are aged between 16 and 65. As a charity for people with leaming difficulties/disabilities and autism the company aims to give clients support to learn vocational skills and to find paid work. The object is to increase the number of people with learning disabilities in work and to ensure that Toucan as an organisation aims to work with employers to provide more opportunities for people with learning disabilities to get work. In setting these objectives and planning its activities, Toucan's trustees havo given careful consideration to the Charity Commission's general guidance on Public Benefit. Toucan supported users during the year wtth its key objectives being: i) to develop and promote the inclusion ol disability in the workplace. ii) to promote a clear locus on tailoring our facilty to meet the job-seeker's needs, iii) offering support to the employer throughout the recruitment process- providing job-support and job-coaching.
TOUCAN EMPLOYMENT Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (ltInued} Year ended 31 March 2024 Achlevements and parformance Toucan's reputation for successfully placing clients with learning difficultiesldisabilities and autism into sustainable employment continues to grow, despite the difficult economic situation the charity is operating in. The staff work extremely well- both with each other and the management committee. The user and parent group conllnue to play a very aclive role in Ihe on-golng success of the charity. Despite the continued difficutties following the Covid 19 pandemic, across the whole organisation, we still managed to achieve the following working outputs: Over 3,000 1 .'1 contacts with clients over Ihe year{many over the phone and zoom - rather than in person as normal). 128 new Cvs written; 112 interviews. 70 job offers. 60 job starts. 54 jobs sustained for 6 months" 92 voluntary or other activities started. 90 work placements started,. and We worked with over 310 clients across the year. Figures of peopl8 in employment Last year, we worked with approximately 310 people. and of those 310, 214 were in some form of employment. appropriate to their skills and needs.
TOUCAN EMPLOYMENT Company Limited by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) (contlnuedj Year ended 31 March 2024 Flnancial revlew Financial review In a period of economic difficulties, Toucan continues to be supported by a wide rang8 of funders. Whilsl we conlinue to successfully appeal to donor funders for support, and the majority of the core costs for 202312024 were largely funded from successful applications. However applications made in 2024 have successfully secured over £140,000 and therefore we are ever hopeful that 202412025 will we jusl as successful. Reserve pollcy Unrestricted reserves are needed: To cover the costs of providing the services with regard to funding contracts. To maintain and manage its ongoing services- To cover the administration and support without which the charty could not function.
TOUCAN EMPLOYMENT Company Llmlted by Guarantee Trustses. Annual Report (Incorporatlng the Dlrector's Report) (conrfniwd) Year ended 31 March 2024 Plans for future perfod8 Toucan Employment has already secur6d grants of almost £140,000 for th8 year 202412025. Including in Ih658 grants are the multi-year grants from the 29th May 1961 Charitable Trust and the Skinners, Charitablè Foundation that will bring substantial flnancial gtabilty- Another £81,000 Is likety at thts point, wtth more on-going bids be pla¢ed during Ihe year. Toucan will also continue to work in partnership with UnRy Works to dèllvef Ihe learning dlfficultiesldisabilities and autlsm section of the Southwark Works ¢onlra¢t for Soulhwafk Council. Toucan is explorlng other opportunitias lor partnership wothing, 8specialty with Beckmèad Coll8ga and Croydon Council, as well as the wider sector in Lewisham and Soulhwark, ancl we are optimistiG that this will bear fruEt soon. In addition Toucan is also reviewing alternative avenues to both develop opportunities lor peOe with learning dittleuttlesldisabllities and aullsm, and to develop unrestricted Income for Toucan- thes8 include a microbiewery, a Hub, and the possibility of wklening the scope of ol the work we ¥indertake. Events aftgr the ond 91 the rnportlng porlod Particulars of events after the reportlng dale are detailed in note 18 to the financlal stalèments. Small company provlslons Thts raport has been pr6paFed In accordance with the provFsions applicable to Companies prnltled to the sfflall companie$ examption. The trnstees. annual report was approved on 17 Ju by: d signed on behaK of th& board of trustees Q7 Richard Scroggs Trustee JOHNS harity S r&tary
TOUCAN EMPLOYMENT Company Limlted by Guarantee Independent Examiner's Report to the Trustees of TOUCAN EMPLOYMENT Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of TOUCAN EMPLOYMENT I'the charity'l for the year ended 31 March 2024. Responsibilltles and basis of report As the trustees of the company {and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respecl of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independenl 8xamin8r's statement Since the charity's gross income exceeded £250,000 your examiner must be a membgr of a body listed in section 145 of the 2011 Act. I confirm thal l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection wilh the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act" or the financial stalements do not accord with those records- or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and lairf view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable io cnariiies preparing their accounts in accordance with the Financial Fleporting Standard applicable in the UK and Republic of Ireland (FRS 102).
TOUCAN EMPLOYMENT Company Limited by Guarantee Independent Examlner's Report to the Trustees of TOUCAN EMPLOYMENT (contlnued) Year ended 31 March 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this r&F)Ort in order to enable a proper understanding of the accounts lo be reached. Loraine Layton FCCA Independent Examiner 51 Noood High Street London SE27 9JS 17 June 2024
TOUCAN EMPLOYMENT Company Limited by Guarantee Statement of Financial Activitles (including income and expenditure account) Year ended 31 March 2024 2024 Reslricted funds Total lunds Total funds Unrestricted funds 2023 Note Income and endowments Donations and Grants Investment income Total income 88,920 485 196,901 285,821 249,435 92 89,405 196,901 286.306 249,527 Expenditure Expenditure on charitable activities Total expendllure 66,543 66,543 191,811 191,811 258.354 258,354 214,339 214,339 Net income and net mov8ment in funds 22.862 5,090 27,952 35,188 Reconclllation of funds Total funds brought forward Total funds carrled forward 90.033 127,200 217,233 182,045 217,233 112,895 132,290 245,185 The statement of financial a1VitieS includes all gains and losses recognised in th& year. All income and expenditure derive from continuing activities. The noles on pages 10 to 22 fomi part ot thesè flnancial statèments.
TOUCAN EMPLOYMENT Company Llmlted by Guarantee Statement of Flnancial Posltlon 31 March 2024 2024 2023 Flxed assets Tangible fixed assets 13 1,143 Current 8ssets Debtors Cash at bank and in hand 14 195 223,254 223,449 251,686 251,686 CredIto. omounls f8111ng duè wlthln one year Net current as8els 15 7,358 7,359 244,328 245,185 245,185 216,090 217,233 Total assats wrront Ilabllltles Net a*Èts 217,233 Funds of the ¢harlty Restricted fttnds Unrestricted funds 132,290 112,895 245,185 127,200 90,033 Tolal eharlly lunds 16 217,233 For the ye8r ènding 31 March 2024 th8 chafity was enlllled to exemption Irom audit under section 477 of the Companies Act 2006 relating lo small compani8s. Directors, responsibilitigs: The mambers have not required the company lo obtain an audit ol its ftnancial statements for thè year In question in arKordance with $8Ction 476; The directors acknowledge thelr r8sponsibllllies for complying with the requlr8m$nis of the Acl wtth r&spect to accountlng records and the preparation of linancial statements. These financlal statemènts hava been prepared in aordanCe with the provisions appli9 to companies subje¢1 lo the small companies. regime. These financEal slatem9nts wore approvéd by the board of trustaès and aulhorfs8d for issue on 17 2024, and are signed on behalf of the boartj by: Rlchard Scroggs Trustèe Tha noto• on p&ges 10 to 22 f¢)rni p•rt ol th• IFnan¢l•l gt•bm¢nt&
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General infomiation The charity is a public benefit 8ntity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Rm LG02, Thames Reach Employment Academy. 29 Peckham Road, London, SE5 8UA. Statement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 {Charities SORP IFRS 102}} and the Companies Act 2006. Accountlng pollcies Basis of preparation The financial statements are prepared on a going concern basis under the historical cost convention. modilied to include certain items at lair value. The financial statements are prepared in sterling which is the functional currency of the charty. The significant accounting polices applied in the preparation ol these financial statements are set out below. These policies have been consistently applied to all years presented unless otheiS8 Stated. Golng concem The accounts have been prepared on a going concern basis. There are no malerial uncertainties relating io events or conditions that cast significant doubt on the charity's abilily to continue as a going concern. Disclosure exemptlons The entity $atisfies the critèria of bein9 a qualifying entity as defined in FFIS 102. As sucn, aclvantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: Judgements and key sources of estlmation uncertalnty The preparation of the financial statements requires management to make judgements, estimales and assumplions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning ihe future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of ass8ts and liabilities within th8 next financial year are as follows.- 10-
TOUCAN EMPLOYMENT Company Limlted by Guarantee Notes to the Financial Statements (¢onllnued) Year ended 31 March 2024 Accounting policles (c¢>nNnuod) Fund accounting General lunds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of th& general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific reslrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific funds. The Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Incoming resources All incoming resources are included in the statement of financial activilies when entillement has passed to the charity- it is probable that the economic benefits associated with the transaction will Ilow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when reIpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived Irom the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servrces is recognised wrth the delivery of the contraded service. This is Classified as unrestricted funds unlèss Ihgrè is a eon*raotual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attribLrted to a particular heading they are allocated to activtties on a basis consistent with Ihe main use of the resources. Expenditure applying to one actlvlty or cost category is directly allocated thereto. Governance costs comprise all cosls invofving accountability of the charily and its compliance with regulation and good practice. 11
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (conthuod) Year ended 31 March 2024 Accounting policles (continued) Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the stalement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in olher recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciatlon is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Fixtures and Ftttings Equipment 25°/o reducing balance 25°/0 reducing balance Impairmenl ol Ilxed assels A review for indicators of impairment is carried oul al each reporting date, with the recovgrable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Flnanclal instruments The charitab18 company enters into only basic financial transactions that result in the recognition of flnanclal assets and liat)ilities like trade and olher accounts receivable and payable, loans from banks and other financial institutions. A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are inilially recognised at Ihe amount receivable or payable including any related transaction costs, unless the arrangement conslitutes a financing transaction, where it is recognised at the present value ol the future payments discounted at a market rate of interest for a similar debt instrument. Limited by guarantee The company is limited by guarantee does not have a share capital. Each members's guarantee is limited to £1. 12-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (eonwnued) Year ended 31 March 2024 Donallons and grants Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons and grants Tudor Trusl Charterhouse in Southwark Vintners, Foundation Leathersellers. Company Charitable Fund Together for London Bergman Lehane Trust Garfield Weslon Margaret Dobson Further Education Trust Merchant Taylors, Charitable Foundation Unity Works Edward Gosling Foundation Cecily Northcote Charitable Trust Southwark Council Lewisham College (ESFA) Walcot Foundation Global Make Some Noise Foundation Donations The David Solomons Charitable Trust Ashworth Charilable Trust Leigh Day Jules Thorn Drapers ' Charitable Foundation Team London Bridge Building Communities Fund ESF {London Councils/ ESF) Schroder Trust SYP Foundation The Peter Stebbing Memorial Fund Co-op Foundation Souter Gharitatjle Trust Access Foundation Girdlers Company Worshipful Company of Chartered Accountants Michael Cornish Charitable Trust Woodroffe Benton Foundalion 66,000 66,000 250 250 50,000 50,000 5,000 5,000 35,000 35,000 20,000 20,000 41.152 20.927 41,152 20,927 10,000 10,000 5,359 5,359 5,000 5,000 912 3,000 912 3,000 8.548 3,000 1,000 3.000 1,000 1,500 276,648 1.500 83,662 192,986 13-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (conthued) Year ended 31 March 2024 Donations and grants (contlnued) Unreslricted Funds Restricted Total Funds Funds 2023 Donatlons and granls Tudor Trust Charterhouse in Southwark Vintners, Foundation Leathersellers, Company Charitable Fund Together for London Borgman Lehane Trust Garfield Weslon Margaret Dobson Further Education Trust Merchant Taylors, Charttable Foundation Unity Works Edward Gosling Foundation Cecily Northcote Charitable Trust Southwark Council Lewisham College (ESFA) Walcot Foundation Global Make Some Noise Foundation Donations The David Solomons Charitable Trust Ashworth Charitable Trust Leigh Day Jules Thorn Drapers ' Charitable Foundation Team London Bridge Building Communities Fund ESF (London Councilsl ESF} Schroder Trust SYP Foundation The Peter Stebbing Memorial Fund Co-op Foundation Souier GharitaDle Trust Access Foundation Girdlers Company Worshipful Company of Chartered Accountants Michael Cornish Charitable Trust Woodroffe Benton Foundation 36.000 36,000 6,750 5,000 10,000 9,586 250 6,750 5,000 10,000 9,586 250 4.950 4,950 35,000 10,000 7,489 922 14,777 36,668 19,073 35.000 10,000 7,489 922 14,777 39,668 19,073 251 1,000 3,000 10.000 2,000 8,500 2,489 5,595 2,500 7,549 3,000 251 1,000 3,000 10,000 2.000 8,500 2,489 5,595 2,500 7,549 2.086 2.086 5,000 5,000 66,087 183,348 249,435 14-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Stalements (¢ontinuod) Year ended 31 March 2024 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank Interest receivable 485 92 92 Expendlture on charitable activitles by fund type Unrestricted Funds Restricted Tolal Funds Funds 2024 Employment Services Cafe Van Gogh Link Work Support costs 63,068 141.810 50,001 204,878 so,000 3,476 3,475 66,543 191,811 258,354 Unrestricted Funds Restricted Total Funds Funds 2023 Employment SeNices Cate Van Gogh Link Work Support costs 23,247 187,830 211,077 3,262 3.262 26,509 187,830 214,339 Expenditure on charitsble activities by activily lype Activilies undertaken directly Support costs Total funds 2024 Total fund 2023 Employment Services Cafe Van Gogh Link Work Governance costs 204.978 50.000 204,878 50,000 3,476 211,077 3,476 3,262 254,878 3.476 258,354 214,339 Net Income Nel income is stated after charging/(crediting): 2024 2023 Depreciation ol tangible fixed assets 380 15-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financlal Statements (conunued) Year ended 31 March 2024 10. Independent examlnation fees 2024 2023 Fees payable lo the independent examiner for.. Independent examination of the financial statements 1,925 1,855 11. Staff costs The average head count of employees during the year was 8 {2023: 8}. The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. Employment Services Adminislrative staff Management staff No employee received employee benefits of more than £60.000 during the year12023: Nil). 12. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entily were received by the trustees. 13. Tanglble fixed assets Fixtures and fittings Equipment Total Cosl At 1 Aprll 2023 and 31 maTh 2024 Depreciation At 1 April 2023 Charge for the year Al 31 March 2024 12,533 29,468 42,001 12,031 125 28,827 161 40.858 286 12.156 28,988 41,144 Carrying amount At 31 March 2024 377 480 857 Al 31 March 2023 502 1,143 Tangible assets are being carried forward at their net realisable value. 16-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Stalements (eontlnugd) Year ended 31 March 2024 14. Debtors 2024 2023 Prepayments and accrued income 195 15. Credilors.. amounts talllng due within one year 2024 2023 Accruals and deferred income Social securiiy and other taxes 4,175 3,183 7,358 3,926 3,433 7,359 16. Analysis of charltable funds Unrestricled funds Al 31 March 202 At 1 April 2023 Income Expenditure General lunds 90,033 89,405 (66,543) 112,895 At 31 March 202 At l April 2022 Income Expenditure General funds 50.363 66.179 126,S09> 90,033 The general unrestricted reserves represents the funds of the charity which are not designated for particular purposes. 17-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 16. Analysis of charltable funds (contlnued) Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Reorganisation & Development Fund First Job Initiative s0hWark Works Lewisham Vulnerable Adults Project Pop Up Wrapping Project Lambeth Older Resident's Project Southwark SEND Social Group Supported Internships Toucan Hospitality Project Covid Outreach Project Benefits Advice Project Lewisham Workstart Project Workstart project Cafe Van Gogh Link Work Experts by Experience Toucan Walking Group Travel Buddy Scheme Toucan Social Group Digital Literacy Projecl 87,646 2,250 87,645 3,000 35.000 15.2501 {35,0001 5,032 {5,032} 20,000 (15,980} 4,020 19.313 41,152 {39,8881 20,577 4,793 3,000 {4,793} 3.000 7.916 17,9161 150,OOQJ 1675) {5,359) {240} 50,000 675 5.359 240 5,000 33,475 5,000 12.048 132,290 250 {21,677) 1191.811} 127.200 196,901 At 31 March 202 At 1 April 2022 Income Expenditure Reorganisation & Development Fund First Job Initiative Southwark Works Lewisham Vulnerable Adults Project Pop Up Wrapping Project Lambeth Older Residenys Project 87.646 87,646 2,250 23,189 35,000 120.939) {35.0001 {7,166) {2,457} (13,750} 7,166 7,489 5,032 13,750 18-
TOUCAN EMPLOYMENT Company Limlted by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 16. Analysls ol ¢harllable funds (Mntinued) Southwark SEND Social Group Supported Internships Toucan Hospitality Project Covid Outreach Project Benetits Advice Project Lewisham Workstart Project Workstart projecl Cafe Van Gogh Link Work Experts by Experience Toucan Walking Group Travel Buddy Scheme Toucan Social Group Digital Literacy Project 14,777 43,263 (14,777} (37,070} 110,000} 14.7931 {10,0001 {12,1331 13,120 10,000 19,313 9.586 10,000 20.049 4,793 7,916 19,995 183,348 (19,745} 1187,8301 250 131,682 127,200 19-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Stalements (¢ontsnuod) Year ended 31 March 2024 16. Analysis of charitable funds (contlnued) Employment Project The Main Employment Project is open to anyone between the ages of 16- 65 residing in the Southwark area. We assist in helping clients to secur& employm8nt and provide on-going employment support once clients ar9 in work. Lambeth NEET Project A specialised project for Lambeth young people with learning difficulties and disabilities who are not in education, employment or training. The project provides job clubs, vocational counselling, jobs search support, Iraining in literacy and numeracy, work experience placement and on-the-job support. Flrst Job Inltlative Projecl The First Job Initiative works with young people between 16-25 who are NEET (Not in Education, Employment or Training), bul wish to enter employment- Lambeth Older Resldents. Projecl Our work with Lambeth residents supports and concentrates on users over 25 with learning difficulties, disabilities and autism. The project provides support into and whilst in employment. Lewlsham Vulnorable Adulls Support Project The Lewisham Vulnerable Adults Support Project works with Lewisham residents aged over 25 with learning difficutties/disabililies and autism. The project provides support inlo, and at, employment, as well as holistic support on matters that could impact on clients, ability to enter and sustain employment. Soulhwark SEND Soclal Group The Southwark SEND Social Group offers a range of social activities for young Southwark residents with leaming difficuttiesldisabilities and autism, 16-25, to develop their skills and confidence, in a range of settings. Experts by Experiance Working with a range of partners, Toucan clients are delivering the Oliver McGowan training to those working in a social care sotting. Clients are employed through Toucan Employment and paid for this work. Toucan Walking Group
A walking group for Toucan clients to improve their fitness from a low base line. and lo reduce their isolation. -20-
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (¢ontinu8d) Year ended 31 March 2024 16. Analysls of charltable lunds (¢ontlnued) Café Van Gogh Llnk Work A donation to support the Café Van Gogh, paid through Toucan Employment. Travel Buddy Scheme A scheme whereby Toucan clients are employed through Toucan Employment to deliver travel buddy seNi¢es to other Toucan clients. Toucan Social Group The Toucan Social Group offers a range of social activities for Southwark, Lambeth. and Lewisham residents with learning difficultiesldisabilities and autism. 26+, to develop their skills and confidence. in a range of sottings. Structure Organlsatlonal Fund Following the disposal of the leasehold premises the Trustees decided to set aside £87,536 being the profit made on sale. The funds will be used towards the reorganising and slructural development of the project. Toucan Hospltality Project A project, funded by ihe Walcol Foundation, offering training, Job Clubs, and support into employment for Lambeth residents wilh learning difficultiesldisabilities and autism. especially into the Hospitality sector. Working with Kata Kata, Cafe Van Gogh. and the Old Post Office Bakery for additional training. specific skills, and work experience in catering. Pop-up Wrapping Project A pop-up social Ènterpri29 offoring training. work oxperionce, and paid employment for our clients, while helping members ol the public. who do nol want to wrap presents. Dlgilal Llteracy Project A project to support clients to improve their digital literacy. for job applications and evoryday life. Beneflts Advlce Projecl A project to support clients to make sure they are receiving all the benefits they are entitled to, as well as supporting with any assessmenls and appeals. Workslart Project 21
TOUCAN EMPLOYMENT Company Limited by Guarantee Notes to the Financial Statements (contlnuod) Year ended 31 March 2024 16. Analysls of charltable funds (contlnued) The Work Start Project works with young people b8tween 16-25 who are NEET (Not in Education. Employment or Training), and wish to enter employment, bLrt need, support, advice.and guidance through their first work experience placement to achieve this 17. Analysis of net assets between lunds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible lixed assets Current assets Creditors less than 1 year Net assets 857 119,396 {7,358) 112,895 857 251,686 {7.358) 245.185 132,290 132,290 Unrestricted Funds Rostricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,143 97,249 17,359} 91,033 1,143 223,449 17,3591 217,233 126.200 126,200 18. Post balance sheet events There are no post balance sheet events to report. 19. Related partles No director received any remuneration during ihe year or had any personal intgrest in any contract or transaction entered into by the company during the yoar. 20. Transltion lo FRS 102 The charitable company adopted the SORP (FRS 102} for the first time in the year ended 31st March 2017. The polices applied under the charitable company provious accounting framework are not materially different to FRS102 and have not impacted on funds. -22-
TOUCAN EMPLOYMENT Company Limlted by Guarantee Management Information Year ended 31 March 2024 The followlng pages do nol form part of Ihe flnancial ststements. -23-
TOUCAN EMPLOYMENT Company Limited by Guarantee Detailed Statement of Flnancial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and Grants Tudor Trust Charterhouse in Southwark Vintners. Foundation Lealhersellers, Company Charilable Fund Together for London Bergman Lehane Trust Garfield Weston Margaret Dobson Further Education Trust Merchant Taylors, Charitable Foundation Unity Works Edward Gosling Foundation Cecily Northcote Charitable Trusl Southwark Council Lewisham College {ESFA} Walcot Foundation Global Make Some Noise Foundation Paypay Q Charitable Trust People Plus Unique Training Solution Other London Catalyst Donations The David Solomons Charitable Trust Ashworth Charitable Trust Leigh Day Jules Thorn Drapers ' Charitable Foundation Team London Bridge Building Communities Fund ESF {London Councilsl ESF) Schro(Jer Trusi SYP Foundation The Peler Stebbing M8morial Fund 66.000 36,000 6,750 5,000 10,000 9,586 250 250 50,000 4,950 5,000 35,000 35,000 10,000 7,489 922 14,777 39,668 19,073 20,01)0 41,152 20,927 134 5,000 240 675 124 3.000 251 1,000 3.000 10,000 2,000 8,500 2,489 5.595 2.500 7,549 10,000 5,359 5,000 Carried fotward (267,861) (242,349) -24-
TOUCAN EMPLOYMENT Company Limited by Guarantee Detailed Ststement of Financial Activities ¢tinued) Year ended 31 March 2024 2024 2023 Brought forward {267,8611 1242,3491 Co-op Foundation Souter Charitable Trust Access Foundation Girdlers Company Worshipful Company of Chartered Accountants Michael Cornish Charitable Trust Woodrofle Benton Foundation 912 3,000 8,548 2,086 5,000 3,000 1,000 1,500 285,821 249,435 Investment income Bank interest receivable 92 Total income 286.306 249,527 Expendlture Expenditure on charitable actlvities Wages and salaries Pension costs Rent Insurance Other motorltravel costs Legal and professional lees Telephone Other office costs Depreciation Stationery & Postage costs Renewals."Equipment & software Stafl Development and training Website and computer costs Subscriptions and CRB expenses 168,411 3,304 21,093 871 4,402 3,671 234 2,073 172,750 3,570 18,129 877 1,089 3,502 1,081 2,480 380 689 2.968 811 5,280 533 50,831 812 1.885 481 258,354 214.339 Total expendlture 258,354 214,339 Net Income 27.952 35,188 25-