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2024-03-31-accounts

Since 1986

A mental health and disability charity, promoting living with purpose

AUDITED ANNUAL REPORT & FINANCIAL ACCOUNTS for the year ended 31st March 2024

2023-2024

REGISTERED COMPANY NUMBER: 04204432 (England and Wales) REGISTERED CHARITY NUMBER: 1088623

CONTENTS

CONTENTS
REFERENCE AND ADMINISTRATIVE DETAILS 3
CHAIR’S REPORT 5
TRUSTEES’ ANNUAL REPORT 7
INDEPENDENT AUDITOR’S REPORT 16
FINANCIAL STATEMENTS 20

Section 1: Reference and Administrative Details

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number: Company Number:

Registered office and Operational address:

Bankers:

Investment Managers:

1088623 4204432

Marlene Reid Centre 85 Belvoir Road Coalville Leicestershire LE67 3PH

CAF Bank PLC 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

The Co-operative Bank PO Box 250 Skelmersdale. WN8 6WT

Up to November 2023. Charles Stanley & Company Limited 25 Luke Street London. EC2A 4AR

Chair of Trustees:

L Crandley

Trustees: G Anthoney P L Gibbons M Jeffery M Jervis Surtees C Killip R Mulvey S Patmore J M Searle - Stood down September 2023 D M Sellers L Strong

E Rickaby Chief Executive Officer A Coleman Director of Corporate Services E Collis Director of Quality & Compliance A Davies Director of Operations

Senior Leadership Team:

Auditor: Azets Audit Services Thorpe House, 93 Headlands, Kettering. NN15 6BL

Reference and Administration details

Annual Report and Accounts 2022-2023

4

Section 2: Chair's Report

CHAIR’S REPORT

Despite a challenging environment for both commissioners and providers, I am delighted that we have continued to grow both our reach and impact in local communities. We are, like many voluntary sector organisations, finding funding more challenging to secure – both from the local authority and grant givers. We recognise the challenges faced by the county council and look forward to working with them over the coming year to ensure that the services that are offered to disabled people support them to achieve their potential.

It is an exciting time for Enrych as we finalise a new strategy for the organisation and consider how we may invest legacy funding we received last year in a sustainable way which allows both our organisation and our sister charities to continue to grow our impact.

I am so pleased to see all of the work around employability and digital inclusion. We know how important these areas are to improve independence. Currently, we are supporting 34 people with their employability journey, 7 of whom have secured work. We are also working with 20 post-16 learners at a local school, helping these young adults to prepare as they transition from school.

Laura Crandley Chair of Trustees

The way in which Enrych rewards and supports its staff to develop and achieve qualifications to support them into the future, means that we continue to be able to maintain our great staff team in a context where we know it can be difficult to recruit and retain staff in social care particularly.

As ever thank you to our supporters without whom we could not deliver all that we do. 'The board extend their warmest thanks and appreciation to Jenny Searle who stepped down as treasurer during the year after nine years of dedicated service to Enrych. Thank you also for the support of our board of trustees who continue to guide the organisation and work to set the future strategic direction for Enrych. Finally, huge thanks to Liz and all of the team who work tirelessly to deliver for all of those we are here to serve.

Annual Report and Accounts 2023-2024

CHAIR’S REPORT

6

Section 3: Trustees. Annual Report

TRUSTEES’ ANNUAL REPORT

The Board of Enrych (whose Trustees are also directors under company law) presents its report and the audited financial statements for the year ended 31st March 2024. The annual report serves the purposes of both a trustees’ report and a directors’ report under company law.

Reference and administration information, set out on page 4, forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES:

Our Articles of Association set out that we improve wellbeing and help people with disabilities to overcome disadvantage irrespective of their ethnic group, religion, gender, sexual orientation or state of health.

The Trustees and Leadership Team continue to focus on growing impact by working in partnership to provide person-centred services, listening and responding to the needs of our beneficiaries.

OUR VISION:

A world without barriers linked to disabilities and health conditions

OUR MISSION STATEMENT:

To achieve equity through empowerment and influence

STRATEGIES AND ACTIVITIES:

The work to progress our strategic objectives has continued throughout the year. With the agreement of the Trustees a number of investments were made to ensure we were in a strong position to do this, including in our staff and premises. Our employability programme, introduced towards the end of the last financial year, has grown at pace and we are now focused on continuing to grow this through our partnerships with referral agencies, schools and employers. Aligned with these we have focused our national messaging on proposed Government changes (now introduced) which will result in changes to benefits and more focus on work. Our wellbeing activities have continued and are now enjoyed by many more of our beneficiaries and we continue to grow these and establish new events in new delivery areas. We are continuing to develop our team through a range of learning and development initiatives

Our key objectives are:

To participate in national conversations on disability issues; To increase awareness of Enrych and grow our impact; To attract, develop and retain the best talent; To diversify our income streams and reduce reliance on local authority funding;

PUBLIC BENEFIT:

The Board of Trustees confirms that it has due regard to the provisions of section 17 of the Charities Act 2011 and has referred to the guidance contained in the Charity Commission’s general guidance on public benefit both when reviewing the aims and objectives of Enrych and also in planning activities. The Trustees undertake regular reviews of operational activities to ensure Enrych continues to work with its beneficiaries to achieve its objectives and goals. Enrych’s work meets the public benefit requirement in all its activities, which include:

Trustees' Annual Report

Annual Report and Accounts 2023-2024

8

ACHIEVEMENTS AND PERFORMANCE:

It was a mixed year for the charity in terms of achievements. Whilst investment enabled us to grow our impact significantly, almost doubling the number of people that we reached and establishing ourselves to a much greater extent through marketing and social media, we were less successful in achieving the financial growth we had forecast. This was impacted to an extent by changes to the way in which Leicestershire County Council commissioned and funded support for adults with disabilities such that the growth in our PA service did not reach levels experienced in previous years. Furthermore whilst a number of grant applications were developed and submitted, the timing of decisions meant that many were not made during this financial year. Poor mental health continued to be the primary reason for referral to our services.

Client proportions by health condition

----- Start of picture text -----
Autism
Physical Disability 10.3%
20.6%
Dementia/Alzheimers'
11.5%
Neurological
5.5%
Learning Disability
22.4%
Mental Health
29.7%
----- End of picture text -----

The project funded by NHS Charities Together ended in June but activity has continued through individual funding.

The second year of funding from the National Lottery was due to end in February but National Lottery agreed that an underspend could be used to extend this until April pending further funding. This project re-focused on digital inclusion and employment and by the end of the project was fully focused on supporting people into work a service which continues to grow. We continued to establish partnerships with like-minded organisations which helped us to extend our reach and impact, including some useful partnerships with local organisations and services (eg The Fire Service) which have seen considerable benefits, including fundraising initiatives.

We were delighted to achieve Disability Confident Leader status during the year. Our Boccia Team were awarded Northwest Leicestershire – Let’s get Moving – Club/Group of the year. We were also proud of our ability to recruit and retain staff, despite the downturn in people seeking employment in social care or moving away from this into other areas of work. We were also proud to have supported staff to achieve a range of qualifications, including leadership and management, HR and Accountancy qualifications.

Trustees' Annual Report

Annual Report and Accounts 2023-2024

9

A MESSAGE FROM OUR CEO:

Despite a year in which we saw a number of challenges, I have been delighted to see both the impact of our investment and the way in which our Team stepped up to the challenges to ensure they did not impact our services and those we serve.

Following our merger with Enrych Leicestershire & Derbyshire, the new combined charity has moved seamlessly into effectively delivering commissioned services alongside charitably funded activities, extending the range of services and opportunities we can offer to disabled adults across the Midlands. I’ve been proud to witness some of our group activities go from strength to strength. Our Boccia group is now regularly attended by around 50 disabled people and we are now trialling this in other areas. Our Feel Good Cafe is also enjoyed by a similar number of people.

Our contract with Leicestershire County Council, due to terminate in November 2024, has now been extended to November 2025 and we continue to be frustrated and disappointed by the impact their cost cutting measures continue to have on both Enrych as a provider and those disabled adults that need services. Their expectations of the voluntary sector (and those that fund them) to bridge financial shortfalls by delivering services free of charge becomes increasingly unrealistic. There are also concerns about the impact this will have on disabled people and access to services which enable them to live with purpose.

I have been overwhelmed, but not surprised, by the popularity of our employability programme. With more and more people wanting to work and have careers in which they can progress, personalised support to achieve this has never seemed more important. We have been proud to report considerable successes in securing and retaining work and remain grateful to those organisations that continue to support our employability programme with mock interviews, work experience opportunities and jobs.

THANK YOU:

Once again we must say a huge thank you to our Board of Trustees who continue to govern the charity with expertise and support our work with understanding and compassion. We also owe a big thank you to all our staff and volunteers who continue to put the interests of our beneficiaries at the heart of everything that they do.

We would also like to say a huge thank you to those who have funded or support us in various other ways, including, but not limited to:

And finally, a big thank you to all our clients and beneficiaries who continue to delight us with their successes, their feedback and wonderful photos of them enjoying living with purpose.

Case Studies

“I just wanted to say what a change there is in EJ and how well she looked. She explained to me that she had just returned from a trip to the garden centre and was chatting to me about her PA's. I just wanted to comment how amazing and life changing your PA's have been for EJ and how their support has meant that EJ has been able to stay in her home and be comfortable and safe. I also saw the note book and saw how well they are communicating and supporting EJ. I think the 3 PA's have been amazing with EJ and wanted to thank them.” - Relative of client

“Jolene (PA) is wonderful, she’s so lovely and its so kind of her to take me to the hospital so I can see my husband. I am so grateful for her. I have been with Enrych for years now and always have great support!” - Client

Liz Rickaby Chief Executive

Trustees' Annual Report

Annual Report and Accounts 2023-2024

10

FINANCIAL REVIEW:

This year our focus has been on positioning Enrych for sustainability in the face of ongoing Local Authority funding challenges. We originally budgeted to secure grant funding which would contribute towards core costs and overheads. Although this was successful, some substantial grant awards were not received until after the financial year end and as a result, we are reporting a loss of £68,189.

During the reporting period, the charity received a total income of £1,079,631 compared to £1,178,150 excluding one offs for the prior year. Over the course of the year some additional costs were incurred for moving premises and there was some restructuring of head office and operational staffing, but total overall operating costs also remained flat.

At the end of the year our reserves stood at £339,265. Restricted Reserves: £20,906, Designated Reserves: £133,310, Unrestricted Reserves: £185,046. Overall reserve levels have fallen in line with a return to underlying prior year levels of activity excluding one offs.

This has adversely affected our continued efforts to build reserves in line with our Reserves Policy. Whilst issues in the wider economy continue to impact investment returns, reserves remain relatively strong, and the Trustees will continue to monitor the situation closely. Enrych is currently undertaking a strategic planning process for the next 3 to 5 years. As a result of this, the Trustees agreed that the balance of the legacy received at the end of the 2022-23 financial year should remain as designated funds and held in a high-interest account until such time as strategic plans are finalised and funding from the legacy allocated to supporting specific projects which grow the impact of the charity and the network of Enrych regional charities.

----- Start of picture text -----
Income Sources 4 Year Comparison
Donations & Legacies Grants PA Support Services
Other Charitable Activities Investment & other income
1400000
1200000
1000000
800000
600000
400000
200000
0
2021 2022 2023 2024
----- End of picture text -----

RESERVES POLICY:

The charity aims to hold sufficient reserves to provide adequate financial stability and in order to meet its charitable objectives for the near future along with any costs in the unlikely event of closure (redundancy payments, lease liabilities, rent etc).

The reserves policy is currently being reviewed by the trustees, but currently the policy is to maintain sufficient funds to cover a minimum of three months’ operating costs in their entirety, £285,775, ideally as unrestricted funds.

The total reserves as at 31 March 2024 were £339,265 After deducting Restricted reserves of £20,906 and Designated Reserves of £133,310, the Unrestricted Reserve Balance is £185,046.

As demonstrated by the figures above, the unrestricted reserves are at 65% of the target, but with the inclusion of the Designated Reserves the reserves target is met.

INVESTMENT POLICY:

Reserves Breakdown

----- Start of picture text -----
Restricted
6.2%
Designated
Unrestricted 39.3%
54.5%
----- End of picture text -----

The Finance Committee, which is chaired by the Treasurer and reports to the main Board of Trustees, monitors investments at least quarterly to ensure these are appropriate. The priority for investments is to ensure we use low to medium risk investment vehicles to achieve maximum possible income that is then available for the charity to continue to deliver its charitable objectives.

During the Board Meeting held September 23, the trustees approved the withdrawal of all funds from the Investment portfolio, following a pattern of losses across the past 2 years.

At the same board meeting, the trustees approved the setting up of the CAF Deposit Platform, to facilitate the holding of reserves in high interest accounts as an alternative to the Investment Portfolio. All funds held in FSCS protected accounts to mitigate risk.

Trustees' Annual Report

Annual Report and Accounts 2023-2024

11

RISK MANAGEMENT:

As required by the charities SORP 2019, the Trustees set a framework to identify and respond to risk as well as provide effective arrangements to manage and report risk. The risks considered relate to the operational performance of the charity, the achievement of its aims and objectives and its continued reputation as an organisation that delivers high quality services for adults living with a disability. These are summarised as:

As well as the Trustees establishing systems and procedures to manage and mitigate risk, the Senior Leadership Team has been strengthened to further ensure that risk is managed and mitigated.

The Trustees confirm that the risks to which they believe the charity is exposed have been reviewed and systems established to mitigate and informed by and relate to the following matters:

FUTURE PLANS:

In addition to continuing to deliver our personal assistant services which provide one to one support, we are also continuing our plans to develop new services and activities which promote inclusion and enable those we serve to live with purpose. We are diversifying our services based on feedback, increasing the amount of support we give to disabled adults to find work, with a particular focus on students with disabilities leaving education and wanting the same employment opportunities as their peers. We will also continue to find ways to embed technology in everything we do to improve accessibility and increase reach.

We want to build on our Disability Confident Leader status to encourage businesses and employers to build diverse workforces and provide inclusive services. We will also build on the increased social media success we have achieved during the year to promote our messages and achieve our objective of being a national voice on disability matters.

Ensuring the sustainability of Enrych will be key against a backdrop of funding cuts, less grant funding availability and reduced charitable giving. We will work with businesses to achieve more sponsorship and partnership opportunities. We would like to have our own building from which we can deliver and will be looking for opportunities to achieve this.

We continue to work closely with our sister charities in Oxfordshire, Buckinghamshire and Berkshire to ensure we continue to work together to grow our impact with disabled adults as widely as possible. We will continue to seek opportunities to work with like-minded partners and establish formal partnerships to support delivery where possible.

Annual Report and Accounts 2023-2024

12

Trustees' Annual Report

GOVERNANCE:

LEGAL CONSTITUTION:

Enrych is a charitable company limited by guarantee, established under a Memorandum of Association and incorporated in April 1986.

The Trustees serving during the year are shown on page 4. Trustees equate to Directors in companies act terms and trustees in charities act terms.

METHOD OF RECRUITMENT AND APPOINTMENT OF TRUSTEES:

Trustees hold office for 3 years and can be re-appointed for 2 consecutive terms (i.e. up to 9 years in total). In the event of a vacancy, new Trustees are recruited through a number of routes and, following interview with the Chief Executive, Chair and at least 1 other Trustee are appointed at the AGM, held in September each year. New Trustees are nominated by the Chair and appointed following approval by the Board. The Articles of Association allow for up to 11 Trustees, including a Chair and Treasurer.

At the end of the financial year there were no Trustee vacancies. Trustees serve for a period of three years at the end of which they are eligible to be elected for a further two three year periods up to a maximum tenure of nine years. New Trustees are appointed as necessary in order to give a wide breadth of experience to the organisation. They are recruited through a formal recruitment and selection process. No benefits are received by Trustees.

A Finance Committee, chaired by Trustee (and Treasurer) David Sellers, comprising of members of the Trustee Board, advises the Board on all financial matters.

POLICIES AND PROCEDURES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES:

New Trustees receive a Welcome Pack/Trustee Toolkit detailing their responsibilities and providing guidance on their role as Governor of the Charity. Trustee training provided by the Charity Commission can be accessed as required as well as the opportunity for a full induction and mentor arrangement.

ORGANISATIONAL STRUCTURE AND PURPOSE:

Enrych operates through a central hub and employs 8 full time, 6 part time members of staff and 79 part time support workers working throughout the community. Independent charities currently operate as branches of Enrych under the Enrych brand in Berkshire, Buckinghamshire and Oxfordshire. These branches operate as independent charities with Enrych providing some centralised support services (Financial, HR, Learning & Development). Each branch is managed by its own Board of Trustees delivering services which reflect local needs. A Trustee from each branch, normally the Chair, serves as Trustee on the Board of Enrych to maintain strong links between the charities.

Enrych delivers its services to adults with all disabilities to enable them to retain their independence and wellbeing. Our aim is that adults with disabilities should be empowered to achieve their own goals and objectives and enjoy the same opportunities as their peers. Whilst Enrych works across all disability groups, the majority of those we serve have learning disabilities and poor mental health, which has become more prevalent due to the impact of the pandemic and restriction measures.

As well as providing one to one support, Enrych delivers a wide range of social activities to enable adults with disabilities to engage and progress, including but not limited to Feel Good Cafes, multi sports activities, arts and crafts groups, wellbeing workshops and employability support.

Annual Report and Accounts 2023-2024

13

Trustees' Annual Report

MANAGEMENT:

The Board of Trustees meets four times a year, or when required. The Senior Leadership Team has responsibility for managing the Charity, overarching responsibility for the day-to-day running of the Charity being the responsibility of the Chief Executive, Elizabeth Rickaby, who was appointed by the Board of Trustees. The Charity has a strong and experienced Leadership Team which has been reviewed and strengthened to ensure that it has the skills and knowledge to lead the Charity through its strategic plans. The Board of Trustees agrees with the strategic aims of the charity, authorises the budgets and provides robust governance which ensures aims, growth plans and budgets remain on track.

REMUNERATION OF KEY MANAGEMENT PERSONNEL:

The pay of key management personnel is reviewed annually, and the Trustees approve changes based on cost of living adjustments and the performance of the charity.

RELATED PARTIES AND OTHER CONNECTED CHARITIES AND ORGANISATIONS:

Enrych provides support to a network of branch charities utilising the Enrych brand. These independent charities operate as Enrych Berkshire, Enrych Buckinghamshire, and Enrych Oxfordshire. Enrych provides support with IT, HR and some financial matters (e.g. payroll). A representative from each Branch (normally the Chair) acts as a Trustee to Enrych.

FUNDRAISING:

During the course of this reporting period, fundraising has only been done through: Applications to Trusts and Foundations; Sponsorship of projects by local businesses; Collection of ongoing donations.

This year we have been undertaking fundraising at a community level to seed fund new activities and subsidise ongoing ones. A small charge is made for participating in any activity so as the levels grow, these do become selffunding and can therefore be sustained for more to enjoy.

Annual Report and Accounts 2023-2024

14

Trustees' Annual Report

STATEMENT OF TRUSTEES’ RESPONSIBILITIES:

In line with Charity and Company law, the Trustees oversee the preparation of financial statements for each financial year, which give a true and fair view of the Charity’s financial activities and its financial position at the end of the year. In preparing statements the Trustees will:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy and at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the Charity and taking all reasonable steps to ensure the prevention and detection of fraud and irregularities.

DISCLOSURE OF INFORMATION TO THE AUDITOR:

As far as the Trustees are aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Annual Report and Accounts 2023-2024

15

Trustees' Annual Report

Section 4: Independent Auditors, Report

INDEPENDENT AUDITOR’S REPORT TO THE BOARD OF TRUSTEES OF ENRYCH

OPINION

We have audited the financial statements of Enrych (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) and the Charities SORP 2019.

In our opinion, the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Board of Trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Board of Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Annual Report and Accounts 2023-2024

17

Independent Auditor's Report

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of our audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF BOARD OF TRUSTEES

As explained more fully in the statement of trustees' responsibilities, the Board of Trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Board of Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Board of Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report

Annual Report and Accounts 2023-2024

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES INCLUDING FRAUD

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Paul Tyler (Senior Statutory Auditor) for and on behalf of Azets Audit Services

Chartered Accountants Statutory Auditor

Thorpe House 93 Headlands Kettering Northamptonshire United Kingdom NN15 6BL

Annual Report and Accounts 2023-2024

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Independent Auditor's Report

Section 5: Financial Statements

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

INCLUDING INCOME AND EXPENDITURE ACCOUNT

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 2024
Total Funds		 2023
Total Funds
Notes £ £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and Legacies 3 32,613 0 0 32,613 176,568
Government Grants 5,347 0 5,938 11,285 9,665
Other Grants 8,850 0 100,832 109,682 154,239
Charitable activities 914,531 0 3,383 917,914 868,751
Supporting other Branches 1,077 0 0 1,077 99,971
Investment Income 4 6,812 0 0 6,812 2,042
Other Income 248 0 0 248 2,007
Total Income 969,478 0 110,153 1,079,631 1,313,243
EXPENDITURE ON
Raising funds 5 2,210 0 0 2,211 4,193
Charitable Activities 6 to 9 1,000,062 0 141,382 1,141,440 1,136,360
Total Expenditure 1,002,272 0 141,382 1,143,651 1,140,553
Net gains/ (losses) on investments (4,169) 0 0 (4,169) (6,065)
NET INCOME/(EXPENDITURE) (36,963) 0 (31,229) (68,189) 166,625
Transfer of Designated Fund 871 (871) 0 0 0
NET MOVEMENT IN FUNDS (36,092) (871) (31,229) (68,189) 166,625
RECONCILIATION OF FUNDS
Total funds brought forward 221,138 134,181 52,135 407,454 240,829
TOTAL FUNDS CARRIED FORWARD 185,046 133,310 20,906 339,265 407,454

Annual Report and Accounts 2023-2024

21

Financial Statements

BALANCE SHEET AT 31ST MARCH 2024

Unrestricted
Fund
Designated
Fund		 Restricted
Fund		 2024
Total Funds		 2023
Total Funds
Notes £ £ £ £ £
FIXED ASSETS
Tangible Assets 13 8,715 0 6,262 14,977 18,253
Investments 14 0 0 0 0 72,995
8,715 6,262 14,977 91,248
CURRENT ASSETS
Debtors 16 91,268 0 3,314 94,582 202,313
Cash at Bank 15 153,585 133,310 32,218 319,113 223,481
244,853 133,310 35,532 413,695 425,794
CREDITORS
Amount falling due within one year 15 68,518 0 20,889 89,407 109,588
NET CURRENT ASSETS / (LIABILITIES) 176,335 133,310 14,643 324,288 316,206
Total Assets less Current Liabilities 185,050 133,310 20,906 339,265 407,454
NET ASSETS 185,050 133,310 20,906 339,265 407,454
FUNDS
Unrestricted Funds 185,050 221,138
Designated Funds 133,310 134,181
Restricted Funds 20,906 52,135
TOTAL FUNDS 339,265 407,454

Annual Report and Accounts 2023-2024

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Financial Statements

The Trustees acknowledge their responsibilities for:

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

The financial statements were approved by the Board of Trustees on ........................................ and were The financial statements were approved by the Board of Trustees on 28 [S [eor, and were signed on its behalf by: signed on its behalf by:

…………………………………………………………………..

L Crandley – Chair and Trustee L Crandley = Chair and Trustee

………………………………………………………………….. D M Sellers - Trustee DM SEllers - Trustee

Company Name: ENRYCH Company registration number: 04204432

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23

Financial Statements

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024

2024 2024 2023 2023
Cash flows from operating activities: £ £
Net Income/(Expenditure) for the reporting period (as per SOFA) (68,189) 166,625
Adjustments for:
Depreciation charges (as per notes 9 & 13) 5,072 5,830
Interest received (as per SOFA) (5,679) (882)
Dividends received (as per SOFA) (1,133) (1,160)
Change in market value of investments (revaluation as per note 14) (4,169) 6,065
Movement in debtors 107,731 (65,178)
Movement in creditors (20,181) (56,498)
Net cash provided by operating activities 13,452 54,802
Cash flows from investing activities:
Payment for property, plant and equipment (as per note 14) (10,871) (2,971)
Proceeds from sale of investments 0 21,276
Payment for purchase of investments 0 (23,881)
Interest received (as per SOFA) 5,679 882
Dividends received (as per SOFA) 1,133 1,160
Net cash provided by (used in) investing activities (4,059) (3,534)
Change in cash and cash equivalents in the reporting period 9,394 51,268
Cash and cash equivalents at beginning of the period 223,481 172,213
Cash and cash equivalents at end of the period 232,875 223,481
Net change in cash for the reporting period 9,394 51,268

Annual Report and Accounts 2023-2024

24

Financial Statements

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

1.

Statutory Information

Enrych is a private company, limited by guarantee, registered in England and Wales. The company’s registered number and registered office address can be found on the Reference and Administrative Details page.

2. 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 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 1st 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 historical cost convention with the exception of investments, which are included at market value, as modified by the revaluation of certain assets.

The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the Board of Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Board of Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Income is recognised in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. The following specific policies are applied to particular categories of income: -

Investment Income is earned through holding assets for investment purposes such as term deposits.

Annual Report and Accounts 2023-2024

25

Financial Statements

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under activities that aggregate all costs related to any particular activity. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties; it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings: -

All categories of costs include both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Fittings - 25% on reducing balance IT and Office Equipment - 25% on reducing balance

Fixed asset investments

Fixed asset investments are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The charity has elected to apply the provision of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash at bank and in hand, are initially measured at the transaction price including any transaction costs and are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

26

Financial Statements

Annual Report and Accounts 2023-2024

Basic financial liabilities

Basic financial liabilities, including trade creditors, are initially recognised at the transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Taxation

The charity operates in such a way that it is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds can be used where the trustees have designated the funds use for particular purposes in accordance with the charitable objectives. The Designated Fund currently includes

donations received during community activities, which are earmarked to continue delivery of those activities legacy income, which the Trustees want to be ringfenced for future projects yet to be agreed upon.

Restricted funds can only be used for particular restricted purposes within the objects 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 of each fund is included in the notes to the financial statements.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense, unless the costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight-line basis over the term of the relevant lease.

Branches of the charity

The accounts do not include the charity’s branches, as they are separate legal entities.

27

Financial Statements

Annual Report and Accounts 2023-2024

3. Donations, Grants and Legacies

2024
2023
£
£
Bequests and Legacies Received
0
135,093
Donations Received
4,676
8,926
Donated Licences Value
7,726
10,411
Gift Aid
3,752
4,120
Individual Donors
16,459
18,018
Total Donations & Legacies
32,613
176,568
Donations, Grants and Legacies
Government Grants
2024
2023
£
£
Access to Work Grant
5,938
8,046
Furlough Refund
0
0
Kickstart Income
0
0
SSP Refund (COVID19)
0
0
Statutory Payments Refund
(SMP, ShPP)
5,347
1,619
11,285
9,665
Grant Funding
2024
2023
£
£
Apprentice Incentive Grant
0
300
Grant (Restricted)
23,873
16,328
Grant (Unrestricted)
8,850
0
Grant Income - Cadeby Homes
0
0
Restricted Grant Income - NHS
Charities Together
9,586
37,548
Restricted Lottery Income
67,373
100,063
109,682
154,239
2024
2023
£
£
Dividends
1,133
1,160
Bank Interest
5,679
882
Total Investment Income
6,812
2,042
Investment Income
.		 2024
2023
£
£
Bequests and Legacies Received
0
135,093
Donations Received
4,676
8,926
Donated Licences Value
7,726
10,411
Gift Aid
3,752
4,120
Individual Donors
16,459
18,018
Total Donations & Legacies
32,613
176,568
Donations, Grants and Legacies
Government Grants
2024
2023
£
£
Access to Work Grant
5,938
8,046
Furlough Refund
0
0
Kickstart Income
0
0
SSP Refund (COVID19)
0
0
Statutory Payments Refund
(SMP, ShPP)
5,347
1,619
11,285
9,665
Grant Funding
2024
2023
£
£
Apprentice Incentive Grant
0
300
Grant (Restricted)
23,873
16,328
Grant (Unrestricted)
8,850
0
Grant Income - Cadeby Homes
0
0
Restricted Grant Income - NHS
Charities Together
9,586
37,548
Restricted Lottery Income
67,373
100,063
109,682
154,239
2024
2023
£
£
Dividends
1,133
1,160
Bank Interest
5,679
882
Total Investment Income
6,812
2,042
Investment Income
.		 2024
2023
£
£
Bequests and Legacies Received
0
135,093
Donations Received
4,676
8,926
Donated Licences Value
7,726
10,411
Gift Aid
3,752
4,120
Individual Donors
16,459
18,018
Total Donations & Legacies
32,613
176,568
Donations, Grants and Legacies
Government Grants
2024
2023
£
£
Access to Work Grant
5,938
8,046
Furlough Refund
0
0
Kickstart Income
0
0
SSP Refund (COVID19)
0
0
Statutory Payments Refund
(SMP, ShPP)
5,347
1,619
11,285
9,665
Grant Funding
2024
2023
£
£
Apprentice Incentive Grant
0
300
Grant (Restricted)
23,873
16,328
Grant (Unrestricted)
8,850
0
Grant Income - Cadeby Homes
0
0
Restricted Grant Income - NHS
Charities Together
9,586
37,548
Restricted Lottery Income
67,373
100,063
109,682
154,239
2024
2023
£
£
Dividends
1,133
1,160
Bank Interest
5,679
882
Total Investment Income
6,812
2,042
Investment Income
.		 5.
6.
7.
8.
9.		 Income from Charitable Activities Income from Charitable Activities Income from Charitable Activities
2024 2023
2024 2023
£ £
£ £
Enrych Assist PA Service Income 912,284 865,824
Bequests and Legacies Received 0 135,093
Donations Received 4,676 8,926 Supporting Branches 1,077 772
Donated Licences Value 7,726 10,411 Income from Merger 0 99,199
Community Activities 5,630 2,927
Gift Aid 3,752 4,120
Total 918,991 968,722
Individual Donors 16,459 18,018
Total Donations & Legacies 32,613 176,568 Raising Funds
The Funds identified as Income from Merger, were the
funds held by Enrych Leicestershire & Derbyshire,
which were transferred to Enrych upon the merger of
the two organisations.
Government Grants 2024 2023
£ £
Access to Work Grant 5,938 8,046
2024 2023
Furlough Refund 0 0
£ £
Kickstart Income 0 0
Fundraising Costs 1,342 3,173
SSP Refund (COVID19) 0 0
Investment and Management
fees		 868 1,020
Statutory Payments Refund
(SMP, ShPP)		 5,347 1,619
2,211 4,193
11,285 9,665
Charitable Activities Costs
2024 2023
Grant Funding 2024 2023
£ £
£ £
Direct Costs 862,689 951,027
Apprentice Incentive Grant 0 300
Support Costs (see note 8) 280,962 189,526
Grant (Restricted) 23,873 16,328
1,143,651 1 140 553
Grant (Unrestricted) 8,850 0
Support Costs
Grant Income - Cadeby Homes 0 0
2024 2023
Restricted Grant Income - NHS
Charities Together		 9,586 37,548
£ £
Restricted Lottery Income 67,373 100,063 Management 266,633 178,677
109,682 154,239 Finance 2,760 2,484
Dividends
Bank Interest
Total Investment Income
Investment Income
.		 Governance 11,569 8,365
280,962 189,526
Net Income is stated after charging:
2024 2023
£ £
Auditor’s Remuneration 10,890 7,170
Depreciation - owned assets 5,072 5,830
Operating Lease Rentals 15,379 27,990

4. Investment Income

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28

Financial Statements

10. Trustees’ Remuneration and Benefits

None of the trustees received any remuneration during the year to 31 March 2024 or 31 March 2023. During the year, travel and subsistence payments totalling £Nil (2023: £291) were reimbursed to trustees.

11. Staff Costs

Staff Costs
2024 2023
£ £
Wages and Salaries Office Staff 354,556 393,566
Social Security Costs Office Staff 30,197 28,636
Pension Costs Office Staff
Wages and Salaries PA employees
Social Security Costs PA employees		 6,704 7,753
543,789 500,309
6,672 7,990
Pension Costs PA employees 4,167 4,097
946,085 942,351

The average monthly number of employees during the year was as follows:

Year End March 2024: 93 Year End March 2023: 97

No employees received emoluments in excess of £60,000.

The key management personnel of the charity comprise the trustees and the senior leadership team as listed in the Reference and Administrative Details. The total amount of key management personnel employee benefits (including employer’s pension contributions and employer’s national insurance contributions) received by key management personnel for their services to the charity was:

Year End March 2024: £172,864

Year End March 2023: £192,838

Redundancies:

During the financial year, Enrych had 0 (5, 2023) redundancies. The payments made to those employees in 2023 totalled as follows:

2024 2023
£ £
Redundancy Pay 0 10,791
Pay In lieu of notice (PILON) 0 5,766
0 16,557

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29

Financial Statements

12. Comparatives for Statement of Financial Activities

The figures shown in this note are for year ended 31st March 2023, to be used for comparison purposes.

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 2023
Total Funds		 2022
Total
Funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and Legacies 3 176,568 0 0 176,568 26,233
Government Grants 3 1,619 0 8,046 9,665 42,728
Other Grants 3 300 0 153,939 154,239 130,480
Charitable Activities 5 867,753 0 998 868,751 928,932
Supporting Other Branches 5 99,971 0 0 99,971 13,783
Investment Income 4 2,042 0 0 2,042 848
Other Income 2,007 0 0 2,007 4,771
Total Income 1,150,260 0 162,983 **1,313,243 ** 1,147,775
EXPENDITURE ON
Raising Funds 6 2,393 0 1,800 4,193 2,212
Charitable Activities 7 to 9 989,235 0 147,125 1,136,360 1,146,253
Total Expenditure 991,628 0 148,925 **1,140,553 ** 1,148,465
Net gains/ (losses) on investments 14 -6,065 0 0 -6,065 90
NET INCOME/(EXPENDITURE) 152,567 0 14,058 166,625 (600)
RECONCILIATION OF FUNDS
Total funds brought forward 19 202,752 0 38,077 240,829 241,429
TOTAL FUNDS CARRIED FORWARD 19 355,319 0 52,135 407,454 240,829

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30

Financial Statements

13. Tangible Fixed Assets

Fixtures & Fittings Fixtures & Fittings IT & Office Equipment Total 2024 Total 2024 Total 2024
Cost Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted
At 1st April 2023 13,849 0 5,686 25,145 19,535 25,145 44,680
Additions 0 0 9,075 1,796 9,075 1,796 10,871
Disposals 0 0 -9,075 0 -9,075 -9,075
At 31st March 2024 13,849 0 14,761 17,866 28,610 17,866 46,476
Depreciation
At 1st April 2023 12,160 0 5,190 9,077 17,350 9,077 26,427
Charge for the year 494 0 2,051 2,527 2,545 2,527 5,072
Disposals 0 0 0 0 0 0 0
At 31st March 2024 12,654 0 7,241 11,604 19,895 11,604 31,499
Net Book Value
At 31st March 2023 1,689 0 496 16,068 2,185 16,068 18,253
At 31st March 2024 1,195 0 7,520 6,262 8,715 6,262 14,977

14. Fixed Assets Investments

Listed investments Total
Cost or valuation £ £
At 1st April 2023 72,995 72,995
Additions 9,980 9,980
Disposals (78,806) (78,806)
Revaluations (4,169) (4,169)
At 31st March 2024 0 0
Carrying amount
At 31st March 2023 72,995 72,995
At 31st March 2024 0 0

Investments at fair value comprise:

2024 2023
£ £
Fixed Income 0 23,349
UK Equity 0 16,791
International Equity 0 24,257
Property 0 2,232
Alternatives 0 6,366

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31

Financial Statements

15. Bank Accounts

**16. ** 2024 2023
£ £
CAF Current Account 24,270 25,444
CAF Savings Account 1 344 86,990
CAF Savings Account 2 32,574 20,862
Cash Receipts (Tin) 10 200
Co-operative Current Account 0 45
Petty Cash (Tin) 61 12
Co-operative Savings Account 35,858 84,921
Nat West Current Account 00 142
Investment Bank Capital & Income Accounts 0 4,865
CAF Deposit Platform 225,996 0
319,113 223,481
Debtors 2024 2023
£ £
Debtors Control Account 78,318 192,836
Prepayments 14,643 6,177
Rent Security Deposit 1,470 3,300
Loan to Staff Member 150 0
94,581 202,313

All Nat West Bank accounts are now closed

17. Creditors, Amounts falling due within one year

2024 2023
£ £
Accruals 56,973 48,587
Trade Creditors 603 2,761
Grants Received in Advance 20,575 44,928
Pensions 2,028 2,017
Social Security & Taxes 9,177 10,900
Student Loan Deductions Payable 0 199
Other Creditors 49 196
89,405 109,588

Grants received in advance relate to: NHS Leicester, Getting Help in the Neighbourhood Grant for Mental Health and wellbeing activities

18. Leasing Agreements

At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £
Due within one year 23,879 24,753
Due after One Year 45,485 59,012
69,364 83,765

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32

Financial Statements

19. Movement in funds

Movement in funds
At 01/04/2023 Net Movement in funds At 31/03/2024
£ £ £
Unrestricted funds 221,138 (36,092) 185,046
Designated Funds 134,181 (871) 133,310
Restricted Funds 52,135 (31,229) 20,906
Total Funds 407,454 (68,192) 339,262

Net movement in funds, included in the above as follows:

Incoming resources Resources expended Gains, losses and transfers Movement in funds
£ £ £ £
Unrestricted funds 969,478 1,002,272 (4,169) (36,963)
Designated funds 0 0 0 0
Restricted funds 110,153 141,382 0 (31,229)
Total Funds 1,079,631 1,143,654 (4,169) (68,192)

Comparatives for movement in funds

At 01/04/2022 Net Movement in funds At 31/03/2023
£ £ £
Unrestricted funds 202,752 18,386 221,138
Designated Funds 0 134,181 134,181
Restricted Funds 38,077 14,058 52,135
Total Funds 240,829 166,625 407,454

Comparative net movement in funds, included in the above are as follows:

Incoming resources Resources expended Gains, losses and transfers Movement in funds
£ £ £ £
Unrestricted funds 1,150,260 991,628 (140,246) 18,386
Designated funds 0 0 134,181 134,181
Restricted funds 162,983 148,925 0 14,058
Total Funds 1,313,243 1,140,553 (6,065) 166,625

20. Events after the Reporting Date

There have been no events after the reporting date

21. Related Party Disclosures

During this financial year ending 31 March 2024, Enrych made payment, at the normal market rate, to Sharon Patmore, a Trustee, for the following professional services:

Delivery of Mental Health First Aid refresher Training for staff and a partner organisation: £792.50. Included in this amount we £247.40 which was recharged to participants from the partner organisation.

During the financial year ending 31 March 2023, Enrych made payment, at the normal market rate, to Sharon Patmore, a Trustee, for the following professional services:

Delivery of Mental Health First Aid Training for staff: £1,878.

Refund of purchase cost of Belbin Team Roles assessments for 2 staff members: £76.

33

Annual Report and Accounts 2023-2024

Financial Statements

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
Income £ £ £ £ £
Donations, Grants & Legacies
Bequests and Legacies Received 0 0 0 0 135,093
Donations Received 4,676 0 0 4,676 8,926
Donated Licences Value 7,726 0 0 7,726 10,411
Gift Aid 3,752 0 0 3,752 4,120
Individual Donors 16,459 0 0 16,459 18,018
Total Donations & Legacies 32,613 0 0 32,613 176,568
Government Grants
Access to Work Grants 0 0 5,938 5,938 8,046
Statutory Payments Refund (SMP, ShPP) 5,347 0 0 5,347 1,619
Total Government Grants 5,347 0 5,938 11,285 9,665
Grants
Apprentice Incentive Grant 0 0 0 0 300
Grant (Restricted) 0 0 23,873 23,873 16,328
Grant (Unrestricted) 8,850 0 0 8,850 0
Restricted Grant Income - NHS Charities Together 0 0 9,586 9,586 37,548
Restricted Lottery Income 0 0 67,373 67,373 100,063
Total Grants 8,850 0 100,832 109,682 154,239
Total Donations, Grants & Legacies 46,810 0 106,770 153,580 340,472
Income from Charitable Activities
Enrych Assist
Invoice Admin Fee 528 0 0 528 24
P.A. Hours 856,729 0 0 856,729 808,540
Enrych Assist Expenses
DBS Charges (Recharging for Assist related services) 51 0 0 51 168
PA Direct Clients Pass Through Expenses 2,174 0 0 2,174 2,088
PA Mileage 52,016 0 0 52,016 54,062
PA Travelling Allowance 786 0 0 786 942
Total Enrych Assist Expenses 55,027 0 0 55,027 57,260
Total Enrych Assist 912,284 0 0 912,284 865,824

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34

Financial Statements

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
Other Charitable Activities £ £ £ £ £
Branch Support
Branches - Costs Recharged 573 0 0 573 268
Branches - Payroll Fee Charged 504 0 0 504 504
Income From Branch Merger 0 0 0 0 99,199
Total Branch Support 1,077 0 0 1,077 99,971
Community Projects
Activity Fee Income 0 0 365 365 0
Activity Mileage Contributions 94 0 2,341 2,435 100
Community Activity Donations 1,049 0 0 1,049 1,307
Community Events (income) 834 0 677 1,511 701
Fundraising Events 230 0 0 230 319
Sponsonships 40 0 0 40 500
Total Community Activity Income 2,247 0 3,383 5,630 2,927
Total Other Charitable Activities 3,324 0 3,383 6,707 102,898
Total Income From Charitable Activities 915,608 0 3,383 918,991 968,722
Investment Income
Dividends Received 1,133 0 0 1,133 1,160
Interest Received 5,679 0 0 5,679 882
Total Investment Income 6,812 0 0 6,812 2,042
Other Income
Expenses Recharged to Third Party 248 0 0 248 0
Compensation 0 0 0 0 2,007
Total Other Income 248 0 0 248 2,007
Total Income 969,478 0 110,153 1,079,631 1,313,243
Less Cost of Sales
Raising Funds
Investment management Charge 868 0 0 869 1,020
Fundraising Costs 355 0 0 355 2,010
Professional Fees - Legacy claims 0 0 0 0 62
Rapidata charges 987 0 0 987 1,101
Total Raising Funds 2,210 0 0 2,211 4,193

Annual Report and Accounts 2023-2024

35

Financial Statements

Expenditure on Charitable Activities Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
PA Services Costs £ £ £ £ £
PA Service Direct Costs
Care Planner Licence Fee 6,708 0 0 6,708 6,048
CarePlanner Call Monitoring Cost 2,179 0 0 2,179 2,174
CarePlanner SMS Charges 1 0 0 1 2
Client Welfare 5 0 0 4 54
PPE for PAs 0 0 0 0 48
Professional Fees - Legal Advice 3,867 0 3,582 7,449 6,697
Sundry Equipment for PAs (Car Seat Covers, RADAR Keys) 0 0 0 0 0
Total PA Service Direct Costs 12,760 0 3,582 16,341 15,023
Assist Staff Employment Costs
Assist Staff Salaries and On Costs
Employer's NI (Assist Staff) 5,731 0 0 5,730 11,614
Nest Pension Costs ERS (Assist Staff) 768 0 0 768 0
Employer's NI (HR) 1,615 0 0 1,615 0
Nest Pension Costs ERS (HR) 437 0 0 437 3,276
Assist Staff Salaries
Salaries (PA Service Staff) 58,433 0 0 58,433 162,395
Salaries (HR) 21,227 0 0 21,226 0
Staff Holiday Pay 4,102 0 197 4,300 7,450
Statutory Payments to PA Service Staff 0 0 0 0 217
Total Assist Staff Salaries 83,762 0 197 83,959 170,062
Total Assist Staff Salaries and On Costs 92,313 0 197 92,509 184,952
Assist Staff Travel Costs
Motor vehicle & mileage (Assist related) 3,179 0 0 3,179 2,222
Travelling & subsistence (Assist related) 0 0 0 0 148
Total Assist Staff Travel Costs 3,179 0 0 3,179 2,370
Total Assist Staff Employment Costs 95,492 0 197 95,688 187,322
PA Employment Costs
P.A Employers N.I 6,672 0 0 6,672 7,990
PA Nest Pension Employers Contribution Cost 4,167 0 0 4,167 4,097
PA Pay
PA Bonus Pay 50 0 0 50 0
PA Holiday Pay 59,433 0 0 59,433 50,761
PA Hours Costs 477,482 0 0 477,482 436,580
PA Hours Not Recharged 2,780 0 0 2,780 3,322
PA Statutory Payments (SSP, SMP, SAP, SPP, ShPP) 4,044 0 0 4,044 9,646
Total PA Pay 543,789 0 0 543,789 500,309

Annual Report and Accounts 2023-2024

36

Financial Statements

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
PA Travel and Expenses £ £ £ £ £
PA Client Mileage Costs 46,868 0 0 46,868 45,004
PA mileage Not Recharged 16 0 0 16 185
PA Other Expenses Costs (Not Recharged) 18 0 0 18 0
PA Pass Through Expenses 2,259 0 0 2,259 2,726
PA Pass Through Travel Allowance 786 0 0 786 870
PA Travel Mileage Costs 5,166 0 0 5,166 8,793
Total PA Travel and Expenses 55,113 0 0 55,113 57,578
Total PA Employment Costs 609,741 0 0 609,741 569,974
Total PA Services Costs 717,993 0 3,779 721,770 772,319
Branch Costs
Branch Expenses (Rechargeable to Branch) 579 0 0 579 262
Branches Insurance 915 0 0 914 831
Branch Training Costs (Not recharged) 0 0 0 0 113
Payroll Costs for Branch payroll software 509 0 0 509 564
Total Branch Costs 2,003 0 0 2,002 1,770
Community Activities
Community Project Costs
Community Project Direct Costs
Advertising and promotion (Lets get Moving) 0 0 300 300 0
Consultation Costs 600 0 2,185 2,785 0
Equipment for project 0 0 2,180 2,180 1,326
Event Costs 959 0 72 1,032 321
Motor vehicle & Mileage (Community Projects) 28 0 105 133 30
Project Activity Costs 17 0 487 504 888
Travel & Subsistence (Community) 0 0 0 0 8
Volunteers' mileage 18 0 340 358 1,404
Venue Hire (Leicestershire FA) 0 0 621 621 0
Total Community Project Direct Costs 1,622 0 6,290 7,913 3,977
Community Staff Employment Costs
Community Project Hours 0 0 1,120 1,120 3,617
Employer's NI (Community Project) 1,779 0 0 1,779 1,474
Nest Pension Costs ERS (Community Project) 519 0 0 519 451
Salaries (Community Projects) 10,800 0 4,508 15,308 27,808
Statutory Payments Community Staff 5,347 0 0 5,347 1,619
Total Community Staff Employment Costs 18,445 0 5,628 24,073 34,969
Total Community Project Costs 20,067 0 11,918 31,986 38,946

Annual Report and Accounts 2023-2024

37

Financial Statements

Digital Project Costs Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
Digital Direct Costs £ £ £ £ £
Marketing Digital 0 0 258 258 0
Digital Staff Training 0 0 2,473 2,473 1,775
Equipment For Digital Project 0 0 3,018 3,018 686
Motor Vehicle & Mileage (Digital Project) 0 0 435 435 2,464
Volunteer Costs (Digital) 0 0 604 604 0
Total Digital Direct Costs 0 0 6,788 6,788 4,925
Digital Staff Employment Costs
Employer's NI (Digital Project) 0 0 933 933 2,834
Nest Pension Costs ERS (Digital Project) 0 0 42 42 710
Salaries (Digital Project) 0 0 61,850 61,850 56,289
Total Digital Staff Employment Costs 0 0 62,825 62,825 59,833
Total Digital Project Costs 0 0 69,613 69,613 64,758
GHiN Activities Costs
Salaries
(Operational GHIN)		 0 0 3,525 3,525 392
Publicity (GHiN) 0 0 805 805 0
Coaching Staff Costs (GHiN) 0 0 13,746 13,746 0
Premises costs (GHIN) 0 0 2,226 2,226 0
Total GHiN Activities Costs 0 0 20,302 20,302 392
Music Therapy
Equipment for Carlton Hayes Projects 0 0 0 0 80
Motor Vehicle & Mileage (Carlton Hayes) 0 0 227 227 235
Project Activity Costs (Carlton Hayes) 0 0 1,195 1,195 1,194
Total Music Therapy 0 0 1,422 1,422 1,509
NHS Charities Activities
NHS Direct Costs
Activity Costs for NHS Charities Together Project 0 0 270 270 5,059
Advertising and Promotion (NHS charities together) 0 0 0 0 1,380
Motor vehicle & mileage (NHS Charities Together) 0 0 112 112 463
Participant Expenses for NHS Charities Together Project 0 0 0 0 348
Support Costs for NHS charities together project 0 0 0 0 113
Travel & Subsistence (NHS Charities Together) 0 0 45 45 0
Room Hire for NHS charities Together Project 0 0 178 178 0
Total NHS Direct Costs 0 0 605 605 7,363

38

Financial Statements

Annual Report and Accounts 2023-2024

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
NHS Staff Employment Costs £ £ £ £ £
Employers NI (NHS Charities Together Project) 0 0 556 555 1,661
Nest Employer's Contribution (NHS charities together) 0 0 142 142 474
Salaries (NHS Together Project) 0 0 4,762 4,762 33,399
Total NHS Staff Employment Costs 0 0 5,460 5,459 35,534
Total NHS Charities Activities 0 0 6,065 6,064 42,897
Total Community Activities 20,067 0 109,320 129,387 148,502
Essential Running Costs
Advertising & promotion 252 0 70 322 71
DBS Checks Costs 1,828 0 0 1,828 2,047
Meeting room hire 261 0 232 493 0
Total Essential Running Costs 2,341 0 302 2,643 2,118
Training & Recruitment
Assist Staff Training Costs 1,536 0 0 1,536 1,626
Recruitment Expenses 7 0 0 7 0
Staff training 2,422 0 464 2,885 20,499
Total Training & Recruitment 3,965 0 464 4,428 22,125
Total Expenditure on Charitable Activities 746,369 0 113,865 860,230 946,834
Other Pass through Expenses 248 0 0 248 0
Total Cost of Sales 748,827 0 113,865 862,689 951,027
Gross Profit 220,651 0 (3,712) 216,942 362,216
Operating Expenses
Management & Support Costs
Employment Costs - Management & Support
Nest Pension Costs ERS (Marketing & Comms) 195 0 0 195 0
Employer's NI (Finance) 2,712 0 0 2,712 0
Employer's NI (Marketing & Comms) 788 0 0 787 0
Nest Pension Costs ERS (Finance) 761 0 0 761 0
Employer's NI (SLT) 16,086 0 0 16,086 11,053
Nest Pension Costs ERS (SLT) 3,840 0 0 3,840 2,842
Employee Benefits 3,902 0 0 3,902 0
Management & Support Staff Salaries
Salaries (Cleaning & Maintenance) 132 0 0 132 0
Salaries (Finance) 31,989 0 0 31,989 0
Salaries (Marketing & Comms) 12,041 0 6,889 18,930 0
Bonus paid to staff 4,000 0 0 4,000 160
Redundancy Payment (Central) 0 0 0 0 10,791
Salaries (SLT - Senior Leaders) 107,282 0 2,607 109,888 89,429
Total Management & Support Staff Salaries 155,444 0 9,496 164,939 100,380

Annual Report and Accounts 2023-2024

39

Financial Statements

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2024		 Year End
31st Mar
2023
Management & Support Staff Travel & Mileage £ £ £ £ £
Motor vehicle & Mileage (Central related) 251 0 0 251 54
Travel and Subsistence (Central Related) 83 0 0 83 0
Travelling (Access to Work) 0 0 5,255 5,255 3,454
Total Management & Support Staff Travel & Mileage 334 0 5,255 5,589 3,508
Total Employment Costs - Management & Support 184,062 0 14,751 198,811 117,783
Accountancy & Payroll Costs
Payroll charges 3,072 0 0 3,072 3,225
Accounting Software Subscription (Xero) 313 0 0 313 448
Total Accountancy & Payroll Costs 3,385 0 0 3,385 3,673
IT, Telephone & Internet
Computer expenses 1,085 0 46 1,131 1,074
Microsoft Licence Donated Cost 7,726 0 0 7,726 10,411
IT Support 90 0 0 90 150
Office equipment 1,145 0 0 1,146 777
Telephone and internet 2,335 0 1,012 3,348 2,593
Total IT, Telephone & Internet 12,381 0 1,058 13,441 15,005
Support Costs
Access to Work Equipment 0 0 996 996 0
Bad debts 672 0 0 672 392
Books and journals 95 0 0 95 0
Cleaning and Maintenance 4,650 0 0 4,650 2,739
Electricity Supply 3,164 0 0 3,164 2,482
Insurance 2,273 0 0 2,273 3,325
Printing, postage and stationery 4,233 0 2,162 6,395 5,752
Professional Membership Fees 626 0 0 626 425
Relocation Costs 2,247 0 0 2,246 0
Rent, rates and services 16,402 0 6,021 22,423 17,854
Staff welfare 1,162 0 0 1,162 1,583
Subscriptions 457 0 0 457 601
Sundries 220 0 2 222 616
Water Charges 397 0 0 397 0
Website and rebranding 146 0 0 146 617
Total Support Costs 36,744 0 9,181 45,924 36,386

40

Financial Statements

Annual Report and Accounts 2023-2024

Unrestricted
Fund		 Designated
Fund		 Restricted
Fund		 Year End
31st Mar
2023		 Year End
31st Mar
2024
£ £ £ £ £
Asset Depreciation
Furniture/Fitting Depreciation 494 0 0 494 501
IT & Office Equipment Depreciation 2,051 0 2,527 4,578 5,329
Total Asset Depreciation 2,545 0 2,527 5,072 5,830
Total Management & Support Costs 239,117 0 27,517 266,633 178,677
Bank and Finance Costs
Bank
charges and interests		 1,705 0 0 1,705 1,729
CAF Deposit Platform Charges 220 0 0 221 0
Stripe Fees 834 0 0 834 755
Total Bank and Finance Costs 2,759 0 0 2,760 2,484
Governance Costs
Audit and Accountancy Fees 10,890 0 0 10,890 7,170
Governance Cost 13 0 0 13 13
Hospitality & AGM 666 0 0 666 891
Trustee Meetings & Expenses 0 0 0 0 291
Total Governance Costs 11,569 0 0 11,569 8,365
Total Operating Expenses 253,445 0 27,517 280,962 189,526
Net Profit (32,794) 0 (31,229) (64,020) 172,690
Gains/(Loss) on Investments (4169) 0 0 (4169) (6,065)
Gross Transfer Between Funds 871 (871) 0 0 0
NET INCOME/(EXPENDITURE) (36,092) (871) (31,229) (68,189) 166,625

41

Financial Statements

Annual Report and Accounts 2023-2024

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