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2023-03-31-accounts

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REGISTERED CHARITY NUMBER 1093668
COMPANY REGISTRATION NUMBER 03359861
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R.H.W.E. LIMITED

(KNOWN AS REVIVING THE HEART OF THE WEST END) (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

31ST MARCH 2023

BELL TINDLE WILLIAMSON LLP Chartered Accountants and Registered Auditors The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 LAY

R.H.W.E. LIMITED

(A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

CONTENTS

Page
Report ofthe Trustees 1-16
Independent Examiner's Report to the Trustees 17
Statement ofFinancial Activities 18
Balance Sheet 19
NotestotheFinancialStatements 20-29

Page |

R.H.W.E. LIMITED

(A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

The Trustees are pleased to present their annual Directors' Report together with the financial statements of the Charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a Directors' Report and financial statements for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.

Summary of the Year

It is fair to describe this as another challenging year with increasing demand for our services and support as a result of continuing inequality evidenced post-lockdown from the pandemic and the visible consequences arising from the cost of living increase that has impacted disproportionately on the most deprived of our communities.

There has been a changing landscape for charities with changes in funding; and, whilst there has been pressures on operational management, service delivery, and income streams, this should not detract from the excellent work the team has achieved together to deliver significant step-change in the lives of our beneficiaries.

Key successes for the organisation during the period:

Success in our delivery of our 2-year Routes to Work CLLD ESF funded programme with delivery ending December 2022 exceeding performance targets and outcomes reinforcing RHWE’s credibility as a high -performing Project Delivery partner.

Our HOW2 Start and Grow a Business CLLD ERDF funded programme delivered successful outputs and outcomes exceeding performance targets demonstrating RHWE’s track record in the business support sector and harnessing the trust and reach amongst communities considered hardest to reach.

Public Health Funding from Newcastle Council supported the registration of our centre John Buddle Work Village as a Winter Wellbeing Hub and we piloted Let’s Talk (English Conversation) group and Creative Crafts activity sessions. Supported with donations of hot meals from Jacob and Tori caterers based in the building, we supported 48 people to access RHWE services for the first time.

Funded through Gateshead Council LA6 ESF, we were one of only a small number of organisations granted funding to deliver two projects in the period (the average being one). Explore North Tyneside and Take Action Gateshead ran from March 2022 to December 2022 and both successfully hit targets and outcomes. We were delighted to collaborate with two local charities to support their beneficiaries with the projects: Family Gateway (North Tyneside) and Edberts House/Larkspur House (Gateshead).

Throughout the period, the organisation has responded to the challenging economic landscape, the Trustees and CEO regularly met to consider and risk plan for the potential impact. Whilst health and safety guidance changed concerns remained about Covid and we ensured measures and operating procedures within our buildings were reviewed regularly, many participants have school-age children, their own health conditions and caring responsibilities of others to consider.

We monitor expenditure stringently to reduce overheads during any latent periods of reduced occupancy in our buildings when income from office and workshop units is most at risk.

Post-pandemic whilst the financial situation continued to be precarious for some types of business we also observed that stable occupancy returned to our centres and thanks to a revamped website, enquiries and referrals for space increased against the previous period.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Summary of the Year (continued)

We attracted new tenants and supported existing ones to consider expansion within our managed workspace buildings. Meeting room hire saw a return to bookings being made from both regular and new customers as a result of customer engagement and marketing activity, with some clients even using the space to deliver their training courses remotely.

RHWE continued as an 'Expert in residence’ at BIPC Newcastle offering pre-start and existing business support through the CityLife project.

As a Newcastle Skills Hub partner since 2019, we have provided guidance to Newcastle residents and helped with access to a Newcastle City Council Flexi Fund grant supporting journeys into jobs or self-employment. During the period, we accessed over £6,200 worth of flexi fund grants to purchase support, training and resources to help 46 people on their journey into work or self-employment.

We continue into our next year ensuring we position ourselves in readiness for the new funding landscape that will be prevalent locally through the Combined Authority and its powers to devolve the new UK Shared Prosperity Funding (UKSPF) replacing European Funding. However, with our strong track record and performance demonstrated across a variety of projects we have the delivery evidence to demonstrate RHWE’s employability and enterprise expertise as well as experience of working with multiple target groups.

Our resolve and determination to adapt, deliver and respond to the emerging needs of our sector as well as our beneficiaries is evident as we report our funded projects during the period all exceeded target.

The Charity has always embraced change and we continue with our strategic review remaining a priority to re-visit the corporate vision and values and re-shaping of our services based on an extraordinary year of achievements made possible by the dedication and hard work of the staff team and the Trustees.

Our Purpose and Activities

Purpose

The Charity’s purposes as set out in the objects contained in the company’s Memorandum of Association are to benefit the public, particularly those living in disadvantaged areas, through social and economic programmes to improve the welfare, resilience and lives of people and communities on their journey to get into work, self-employment, training or education.

The aims of the charity are to raise aspiration and confidence by enabling people to see the potential in themselves, identify a goal and build resilience to navigate their way to success.

People need holistic and personalised support to be able to make more informed choices and feel empowered to take the steps towards getting the job they really want, exploring a self-employment idea or consider training or education opportunities; whatever the pathway they decide.

Ensuring Our Work Delivers Our Aims

When setting our aims, objectives and planning for activities, we reflect on the outcomes of our work and the benefits brought to the people we are here to help. We consider what has worked well, what we have learned and what could be done even better. Where we identify gaps, our staff team is excellent at working with stakeholders and partners to seek out services we can access or provide influence where a need is not being met; or, even where we can design a solution ourselves.

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R.H.W.E. LIMITED

(A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Our Purpose and Activities (continued)

Ensuring Our Work Delivers Our Aims (continued)

In setting objectives and planning activities, consideration is given to the general guidance published by the Charity Commission relating to the public benefit.

We understand that everyone has a unique story and a series of events, experiences and influences either now or in their past that has impacted on them personally. Many people have complex and busy lives and can lack the confidence, motivation and resilience to take a step forward to start feeling in control; and, often as a consequence of those unexpected events, lives can be transformed and it can feel impossible to get back on track.

Our EXPLORE START GROW framework has been developed in response to consultation with beneficiaries, participants and stakeholders ensuring personalised and strengths-based support to help people work through challenges and move on to brighter futures creating powerful impact.

The Focus Of Our Work - Objectives, Strategies and Activities

We embrace the diversity of our communities and support people irrespective of background, ethnicity, gender or age through the provision of personal transitions coaching and tailored activities our mission is to improve people’s life chances and economic and social well-being and help those particularly who face health, social and financial inequality barriers.

Our objectives are embedded across the organisation. We are:

People led in everything we do, we are led by people going through difficult times.

Inclusive and committed to inclusivity and diversity across our organisation and our work, advocating for equality wherever we can.

Believers in people and what they can achieve. We are aspirational advocates who are creative and imaginative in our work to respond to changes and the needs of those we support.

Strengths-based always looking for people’s strengths and ways to unlock their potential through our work, our recruitment and how we work together as a team.

Kind - we treat everyone with kindness and humility.

Resilient we are brave, we persevere and we aim to empower and build our own and others’ resilience keeping our promises, advocating for those without a voice and don’t give up on people.

People are at the heart of our Charity. Unlocking the capacity to aspire is crucial to enable meaningful and targeted support for each employment journey, whatever your background or circumstances, our support and guidance is multidimensional and responsive, recognising that the journey into a job, career and/or self-employment is unique to the individual and at every stage support needs to adjust and flex to overcome any personal and professional obstacles along the way.

EXPLORE START GROW is a menu of activities carefully designed following an extensive community consultation. Participants self-select the activity or activities and personal coaches wrap 1:1 support around each person to keep people energised and encouraged on their journey. Life is complex and there’s often competing factors, situations, systems and back-stories that limit and curtail the ambition to aspire. In a welcoming and caring environment, we build trust and respect by taking the time to get to know people. We explore talents and abilities, and hopes and dreams, peeling back the layers bit by bit. We see people grow as they become more empowered and confident about their futures.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Our Purpose and Activities (continued)

The Focus Of Our Work - Objectives, Strategies and Activities (continued)

Our relationships with existing and new partners and stakeholders continue to be strengthened with colleagues across local organisations feeding back positively about the impact we are making. As a direct result we have growna very strong network through which cross referrals provide more cohesive and joined up offers of support to local people. Organisations we are working collaboratively with include: DWP Jobcentre Plus; local Schools; social housing providers; local charities and voluntary organisations; Newcastle City Council and Newcastle Futures.

How Our Activities Deliver Public Benefit

The Trustees have considered the guidance published by the Charity Commission on the provision of public benefit and confirm that public benefit has been provided by the range of activities described, as follows:

EXPLORE

EXPLORE activities are creative and engaging and use a variety of themes as the inspiration to support those furthest away from the jobs market to take steps towards feeling confident, resilient and ready for work. Activities are delivered flexibly through a combination of experience-based learning and workshops and we develop people’s confidence towards becoming economically independent through increasing personal capacity, aspiration and motivation with goal setting and empowering people to be in control of their choices.

Explore Workshops explore skills, barriers, employment, careers and action planning. This is the starting point for the journey unlocking mindset challenges to think more positively about setting a goal and action plan.

STEPS course (accredited by The Pacific Institute) uses cognitive theory and behavioural psychology to develop positive mind-set, behaviours and beliefs that strengthens resilience and feeling of control of your own decision-making.

RHWE Volunteer Champions is our volunteering pathway particularly for participants who have experienced RHWE services and support and are advocates for RHWE by reaching out to communities and are trained to mentor people needing encouragement and help on their journey.

Lights Camera Take Action course co-designed with a local casting agency partner using TV and film techniques as the catalyst for honing work-place skills. Participants gain an understanding of the sector, what it’s like to work on set, learn to pitch confidently to an audience and work effectively in a team environment. Participants are supported to produce their own CV — an on-line profile and many have gone on to secure paid work as Supporting Artists on locally produced TV shows and films, found jobs in other industries, received 1:2:1 business support to explore self-employment ideas and registered self-employed.

Financial Wellbeing workshops support people facing money management challenges in relation to benefits, work and debt. Breaking down the barriers faced, guiding and supporting people with ways to make positive changes to the way they manage their finances we offer 1:2:1 specialist advice relevant to the personal situation so options can be considered and people can make considered and informed decisions.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

How Our Activities Deliver Public Benefit (continued)

START

START activities support people into work or self-employment. Arming people with practical knowledge they can act upon helps improve self-belief, confidence and understanding of how to apply this to job applications or starting a business or setting up a social enterprise. People can access a combination of experience-based learning, workshops, 1:2:1 coaching, business mentoring and access to funding.

HOW2 Workshops are short courses giving an introduction to working for yourself or running an enterprise with key topics relating to self-employment, finding customers, managing money for business. Participants benefit from the sharing of knowledge and peer support with others exploring a similar pathway.

Self-Employment and Universal Credit workshops are co-designed with a local welfare rights specialist for people concerned about moving towards self-employment and how this will potentially impact on their benefits. The session provides practical information about self-employment and managing their Universal Credit account.

Business Advice 1:1’s with an experienced business adviser helping explore business ideas, developing from a plan into reality and the practical steps towards self-employment and starting up a business.

A Day in the Life workshops are co-delivered with local employer partners who provide inspiration anda reality check on what it is really like to work in their industry from Care to Coding, Fashion to Digital Design. The employer partner shares an understanding of what the work is like, job roles available, any training or education requirements, and how to catch the eye of the employer through your application, all ran at the employer’s venue so participants can see the workplace in action. RHWE Coaches provide the wrap around support to then help people explore, prepare and apply for job roles. Partners include University of Newcastle, St Cuthbert’s Care and Pink Boutique.

Creative Action workshops promote social action through use creative techniques and ideas to generate community focussed and enterprising ideas. We have supported the development of social action and enterprise ideas into a registered social enterprise or community-based business collaborating with British Council’s Active Citizens and arts organisation The Empty Space.

GROW

Our Grow activities support business owners and those already self-employed to review and take practical steps toward managing, sustaining and growing a business in a fast-paced and rapidly changing enterprise landscape with a combination of workshops and 1:1 specialist support.

Business Master Classes provide access to specialist experts focussing on topics from Social Media, GDPR, Employment and HR, Leadership and Management.

TP5 Leadership and Management course (accredited by The Pacific Institute) designed to help owners and managers to be more aspirational and able to unlock personal mindset barriers that may be holding them back. Using powerful techniques and tools to develop a better understanding of managing dynamic change, set and achieve transformational goals and develop growth strategies.

COMMUNITY SUPPORT

Our Trustees and Staff are passionate about grass roots support direct to local people and families. Our EXPLORE START GROW programme provides multiple pathways helping local people move closer to jobs or enterprise. The key to its design is flexibility and allowing people to self-select activities and work at their own pace.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

How Our Activities Deliver Public Benefit (continued)

COMMUNITY SUPPORT (continued)

Reviving the Heart of the West End also designates reserves to fund the following projects:

Scholarship Fund is a three-year Scholarship providing financial support for a course of higher education as well as technical and practical assistance during and after a Degree course. Applicants must reside in Newcastle’s west end to be eligible.

School Uniform Grant is a discretionary grant awarded each year to 13 local west end primary and secondary schools to assist with the purchase of school uniforms for families often hit the hardest by changes in welfare benefits or for those who are new to our community.

Managed Workspace buildings at John Buddle Work Village and Buddle House provide office and workshop units for new and young start-up businesses to rent or virtual office services to support the start-up of new enterprises who are not able to make their first steps into premises.

Achievements and Performance

We have witnessed again an increase in demand for our support particularly through referrals from local organisations and agencies working with a diverse range of people. Through strong networks and with ideas for innovative services, we have engaged with more partners collaboratively to provide influence and expertise to develop responses with impact.

During the period, we are delighted to report on successes through our activities and collaborations together with new projects and initiatives that demonstrate how we respond to need and adapt to relevant opportunities that further support the needs of our beneficiaries.

The launch in 2019 of our EXPLORE START GROW framework has brought exciting opportunities with new funding streams secured and evidence of impact gathered from pilot activity and evaluations that has informed the development of new activities. We secured two year’s of funding plus match funding contribution from 2019 to 2022 with an extension to December 2022 (based on delivery performance) for two large ERDF and ESF projects that support the delivery of the programme and over the period:

346 people accessed business advice and guidance support to explore working for themselves by starting up an enterprise.

172 business owners were supported to sustain or grow an existing business.

378 people have engaged with our Explore support for personal development to pursue next steps towards work.

Our Managed Workspace buildings, John Buddle Work Village and Buddle House achieved an average occupancy of 78% and we supported 24 tenants over the period.

We were awarded Multiply Funding to support learners with Maths and our delivery was creative and relative to enterprise skills and jobs skills. 44 local residents benefitted.

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R.H.W.E. LUVMITED

(A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Achievements and Performance (continued)

Winter Wellbeing Hub registration in December 2022 provided a small pot of funding and we utilised this to pilot Creative Crafts weekly sessions and our English Conversation Let’s Talk group twice weekly sessions. With regular group consultation, we have been able to evidence demand for specific employability support particularly from our BAME communities and welcomed representatives from DWP Job Centre to attend Let’s Talk and observe the activities and responses of our participants.

Skills Hub. As a SkillsHub partner RHWE’s advisers provided support to Newcastle residents on their journey to a job or self-employment. Funding of over £6,200 in the period was secured for resources and expenses in the form of grants for 46 beneficiaries.

Theory of Change. The development of our very first Theory of Change model is underway working with impact specialists, GoodLabs, who have lead interactive sessions with the Trustees and the staff team and who are now working closely with the CEO to finalise a model to help shape our programme, report on impact on our beneficiaries, explain the relationship between the problems we address, the resources we deploy, the actions we take and the outcomes we achieve and demonstrate the effectiveness of our work.

Impact Measurement. We have embedded the impact measurement tool Signal as part of our engagement and registration process for beneficiaries. Signal brings a unique insight into individuals with a temperature check on their life taking a holistic 360 perspective across a range of indicators. Coaches take the participant through a picture-based survey and together set goals and an action plan. People are able to reflect on different parts of their life and this helps build and develop the trusted relationship with their Coach putting each person in control of their decision-making. During the period, 59 people took part in Signal as part of their journey with RHWE and we have been able to regularly analyse the responses to identify trends and issues that are emerging within our cohort across geography, areas of interest, ethnicity, gender for example.

Local Links

Our staff are actively encouraged to engage and support other charities, community and voluntary organisations and regularly volunteer their time for local good causes.

Our CEO is an active member of the Local Action Group for CLLD. CLLD is the £5m Newcastle and North Tyneside programme of ERDF/ESF funding for local VCS organisations through grants to help local people from 2018-2022 into jobs or starting businesses across the most disadvantaged areas in Newcastle and Wallsend, North Tyneside.

She also holds Trusteeships at Footsteps Children’s Services (2016) and St Cuthbert’s Care (2020).

She represents RHWE at the SkillsHub Partners Group, Enterprise Partners in Newcastle group, Business and IP Centre Experts In Residence, NELEP Growth Providers Network, Newcastle City Council’s Employer Engagement Forum, and the Community Organisations in Benwell and Scotswood group (COBS).

School Governor Volunteer

Our Development Officer serves as a Community Governor for St John’s Primary School, Benwell (2018) close to our charity’s offices in Elswick, Newcastle.

Charity Volunteer

Our Personal Development Lead is a weekly volunteer at The People’s Kitchen in Newcastle working with people who are homeless and those in crisis. She is their Volunteer Welfare and Safeguarding Lead.

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(A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Achievements and Performance (continued)

Business and IP Expert in Residence

Our Enterprise Lead is RHWE’s representative on the BIPC North East’s Experts in Residence group supporting new start: ups and small businesses to access information, advice and guidance.

Financial Review

As expected, the total income against total expenditure has returned a small surplus in funds with an overall surplus for 2022/23 of £34,299. RHWE’s investment in the period in infrastructure and staffing resource was planned in line with our strategic review.

During the year, we have delivered four large funded projects with activities and services which resulted in increased expenditure on salaries; however, with limited grant funding available from trusts and foundations and delays and uncertainty for the launch of UKSPF, two fixed term posts in the organisation were not renewed.

The staff team and CEO worked tirelessly to continue delivery and plan strategically whilst observing the challenges of increasing demand for our services and new funding streams announced with challenging restrictions set by procurement. The Trustees were mindful of the risks and met regularly with the CEO for progress updates on the pursuance of new funding.

The Trustees together with the CEO have balanced competing priorities when investing the Charity’s assets; to use the assets to generate a reasonable income; whilst investing them safely and in such a way that they are accessible to support cash-flow.

The Trustees have considered the results of our financial performance for the year and are assessing the actions required to deliver robust management strategies to protect the Charity in light of the ever-changing, socio-economic and political environment.

Our project planning scrutinises all aspects of the delivery process with a high level of detail, and to accompany this our project budgeting is based on a bottom-up costing method with all budgets calculated to cover direct costs and make a contribution to core costs and overhead.

Financial Risk Management

The Charity manages its cash resources, including sufficient working capital, so that operating needs are met without the need for short term borrowing.

Principal Funding Sources

Aside from income generated by our managed workspace buildings, the majority of our funding comes through grants, contracts and small donations.

We continue to pursue new grants and contracts through commissioning to provide a mix of income streams into the Charity.

In 2022/23, the Charity was extremely grateful to be awarded the following funds. The amounts received during the year are recognised in note 5 of the financial statements.

Newcastle and North of Tyne CLLD ESF fund to support the Routes to Work project helping local people with personal development and employability support into jobs, training, education and volunteering.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Financial Review (continued)

Principal Funding Sources (continued)

Newcastle and North of Tyne CLLD ERDF fund to support the HOW2 Start and Grow Your Business project of prestart, start-up and existing business support with business advice appointments, workshops and resources.

LA6 Gateshead Council ESF Community Grants for Explore Self-employment North Tyneside — supporting groups to explore self-employment and employability.

Cost Analysis

Wages and salaries, tutoring costs, heat and light and repairs and maintenance continue to be the main costs incurred by the Charity to enable it to deliver its charitable activities.As in prior years, expenditure has been tightly controlled and as a consequence has reduced from the previous year; however, a review of staffing as part of growth plans will be key for the following financial year.

Fundraising and Income Generation

We havea clear strategy for fundraising and income generation.

Our EXPLORE START GROW programme will be delivered through a mix of grant, charitable support, commissions and contracts. This operates in conjunction with earned income through trading from our managed workspace buildings.

The strategy responds to the challenges across funding and commissioning with availability of large- scale grants becoming more limited and commissioned work highly competitive.

As we continue to evidence positive performance through EXPLORE START GROW, our development plans relating to potential sources of funding are coming to fruition with grants secured and new funding sources being proactively sought and responded to. We have identified opportunities for joint bids to develop with trusted partners where services are complementary and support our beneficiaries. Through intensive networking and relation-ship building with potential lead organisations, we have been invited into consortium bids for the delivery of employability and enterprise support with funding for the years 2023-2025.

We have had to consider the essential investment required in time and resources to secure the sustainable future of our Charity in line with our mission. Considerable efforts have been made by the staff team to ensure continuous improvement into quality management systems, impact measurement, project planning and management and budgeting and finance.

The team has delivered excellent work in support of the financial and operational plans contributing to the Charity’s success.

Investment Powers and Policy

Under the Memorandum and Articles of Association, the Charity has the power to invest in any way the Trustees wish and the Trustees must balance competing priorities when investing on behalf of the Charity. They must use the assets to generate a reasonable income; whilst investing safely and in such a way that they are easily accessible to support cash flow to make up funding shortfalls.

The investment objective is to provide a balanced return on investments with a low to medium level of risk.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Financial Review (continued)

Reserves Policy and Going Concern

The Trustees have examined the Charity’s requirements in line with SORP, to hold reserves to cover up to six months of operational costs. Our policy is reviewed annually and considers the key risks to the Charity. In calculating reserves to meet the operational needs of the Charity, we take account of the potential risks and confirm currently we hold reserves equivalent to 5 months of operational costs. The Trustees are mindful of the need to be prudent in respect of our reserves levels and on that basis the Trustees will continue to plan for unrestricted surpluses to fund investment in the strategic development and growth of the Charity. This will be achieved through continued income generation, identifying new unrestricted income sources and robust financial management.

The Trustees have considered the Charity’s reserves and reviewed the allocation of designated funds in 2022/23, totalling £153,402. Essential expenditure on property maintenance is planned for the next financial year and the Trustees will continue to assess this throughout 2023/24 and reflect on short and long-term risks that they need to mitigate which are relative to asset purchase, unfunded essential activity and restructure.

Our Designated Funds reserve covers:

Property Repair Fund

The Charity has two business centre buildings on a long-term full repairing and insuring lease from Newcastle City Council and the Trustees are aware that all properties will need refurbishment on an ongoing basis. This fund sets aside essential repair works and dilapidations as the buildings age.

Development Fund

The Trustees recognise that in expanding and embedding R.H.W.E. Limited new programmes, a fund is required to cover the development risks associated with designing and piloting new activities.

Restructure Fund

This fund has been established to fund the costs of any future restructuring at R.H.W.E. Limited.

IT Upgrade Fund

This fund has been established to fund the costs of upgrading technology infrastructure including the costs of changing IT hardware and software.

Tangible Fixed Asset Fund

This purpose of this fund is to fund future fixed assets.

Plans for Future Periods

Reviving the Heart of the West End will continue to play a significant role in the local community offering services and support to local people whatever their circumstances and overcoming personal and systemic barriers that hold people back from better jobs and the chance to work for themselves.

Whilst the year to come will be challenging, particularly with the cost of living crisis, fuel poverty, and high inflation leading to a downturn in economic conditions, this could manifest in higher unemployment and fewer employment opportunities.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Plans for Future Periods (continued)

With a reduction in availability of traditional funding streams and the end of European Union funding there is some uncertainty around operational income impacting on RHWE’s ability to meet the demands and needs of all the beneficiary groups.

We will build on the delivery of successes in the last year which has evidenced track record for future opportunities.

RHWE remains rooted in its local community in Elswick and this has ensured a strong connection and understanding of community life and challenges faced.

We will continue to advocate for our communities and challenge the systemic limitations put upon our them. We remain ambitious in our practices and working to provide better solutions.

We continue to build a strong social media following and an informative website and explore networks and potential partnerships that encourage community cohesion.

Collaboration and Partnerships

We are part of a strong community and voluntary sector in the City and will build on our 20 year reputation to develop opportunities we have identified and are discussing with key strategic charities who share our person-centric grass roots approach.

Accredited Training

R.H.W.E. Limited is a registered centre for SFEDi — the sector skills awards body for enterprise and employability. We have mapped qualifications across a sample of our current activities to be able to offer accredited learning that will open up potential new sources of income following positive conversations about funding with prime contractors, funders and local enterprise agencies. We continue to engage with stakeholders to explore this avenue of potential work and funding for the Charity.

Charity Profile

Regular reviewing of our brand and marketing has developed a powerful identity for the Charity and we have refreshed and update the marketing of our managed workspace buildings. We have reviewed our marketing and social media platforms internally and improved direct marketing communications; however, we recognise the need for a clear, consistent brand that reflects EXPLORE START GROW as well as the aims of our Charity.

Board Trustees

Strengthening the Board of Trustees has brought positive developments in policy and practice; however, recruitment of new Trustees has been a challenge with many people facing competing priorities and unable to commit to a Trusteeship during the pandemic. We have developed a Trustee Pack and will be carrying out a marketing activity to raise the profile of the organisation to attract new Trustees to bring our membership up to the recommended levels in accordance with good governance.

Advisory Sub-Groups

We will seek to establish sub-groups to support key strategic operations of the Charity to provide essential feedback to the CEO and staff team and are designing a feedback process to enable participants and clients to help shape and improve activities and services to be responsive to need.

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R.H.W.E. LIMITED A COMPANY LIMITED BY GUARANTEE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Referenceand Administrative Details

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||||| |---|---|---|---| |Charity Name:|R.H.W.E.|Limited| |Charity Known Name:|Reviving|the|Heart of the West End| |Charity Registration|Number:|1093668| |Company Registration|Number:|03359861| |Registered|Office and|John Buddle|Work Village| |Operational Address:|Buddle|Road| |Newcastle|upon Tyne| |NE4|8AW| |Bankers:|Lloyds Bank| |102|Grey|Street| |Newcastle|upon Tyne| |NE99|1SL| |Independent Examiner|E.|J.|Hartshorne-Ferguson BA FCA| |Bell|Tindle|Williamson LLP| |The|Old|Post|Office| |63|Saville|Street| |North|Shields| |Tyne & Wear| |NE30|1AY| |Investment Managers|Heartwood|Wealth Management|Limited| |1|Kings Way| |London| |WC2B|6AN| |Solicitors:|Sintons|LLP| |The|Cube| |Barrack Road| |Newcastle|upon Tyne| |NE4|6DB|

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Directors and Trustees:

The Directors of the charitable company (the Charity) are its Trustees for the purpose of charity law and throughout this report and the financial statements are collectively referred to as the Trustees.

The Trustees who served during the year were as follows:

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Chairperson:|M.|B.|Stoddart| |Vice|Chairperson:|R.|G.|Webb| |Trustees:|Ms|J.|Reeve|(Resigned 30.06.23)| |W.|McKay| |Company|Secretary:|W.|McKay| |The|key management|personnel|who|served|during|the|year|were|as|follows:|

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ChiefExecutive Officer: Mrs A. Johnson

The finance officer and the development officer are also considered to be key management personnel of the charity.

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R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, Governance and Management

Governing Document

R.H.W.E. Limited was incorporated as a company limited by guarantee on 25 April 1997 (company number 03359861) and registered as a charity on 3 September 2002 (charity number 1093668). The company was established under a Memorandum of Association which states the objects and the powers of the company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10.

R.H.W.E. Limited operates as Reviving the Heart of the West End and is a long-standing member of Locality - the nationally recognised network for community led organisations.

The principal object of the charitable company is the promotion for the public benefit of urban regeneration in areas of social and economic deprivation, and in particular Newcastle upon Tyne.

Appointment of Trustees

The Directors of the company are also Charity Trustees for the purposes of charity law, and under the company’s Articles of Association. Trustees are elected and co-opted, under the terms of the Articles of Association, at the Annual General Meeting (AGM) for a period of two years, after which they must seek re-election. All Directors of the charitable company are also Trustees under the Charities Act 2011.

Formal recruitment procedures are in place and are reviewed regularly. Trustees may be nominated on the basis of personal values and motivation consistent with the objectives of the Charity.

Trustees are committed to actively taking part in the governance and strategic development of the organisation outside regular Board Meetings. They give their time voluntarily and receive no benefits from the Charity.

The Trustee Policy is reviewed regularly and the Trustees and Chief Executive Officer work together to recruit new Trustees with expertise aligned to the Charity’s vision and area of influence.

Trustee Induction and Training

There is a formal induction process for all new Trustees with the Chair and Chief Executive Officer. A briefing is given together with a detailed information pack, outlining the legal obligations under Charity and Company law, Charity Commission guidance, Memorandum and Articles of Association, a Strategic Plan, financial statements and minutes of recent Trustee meetings. Those interested in becoming a Trustee are invited to attend a Board Meeting as a guest before considering applying to be a Trustee.

Organisational Structure and Decision Making

Trustees are responsible for the governance of the charity and meet regularly with the Chief Executive Officer who provides an operational update alongside discussion on strategic matters and the development of policies. Trustees are encouraged to provide support in specific themed areas of the Charity where particular expertise and experience are relevant.

The Chief Executive Officer leads on strategic management and operational matters holding team meetings to inform decision making processes and providing a channel for staff to regularly feedback on observations, ideas and challenges and to share relevant information from clients, partners, stakeholders or impact of external factors. Staff take part in meetings on matters including health and safety, marketing, impact, data, and quality. This supports the continuous review of practice, policy and procedures.

Page 14

R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Structure, Governance and Management (continued)

Related Party Transactions

We have a strategic voice across local, regional and national forums that are community-based, local authority-led or sector and business specific including NELEP, NOTCA, Jobcentre Plus, NEECC, VONNE, Locality and Connected Voice. This has proved invaluable to the charity with improved organisational links leading to improved advocacy for our sector and increased collaboration for designing new services and identifying funding opportunities with key partners. The organisation’s strategic presence is additionally reflected through our CEO’s involvement with the development and governance model for the Newcastle and North of Tyne CLLD programme of ERDF/ESF funding moving local people furthest away from the jobs market into work or starting a business.

Pay Policy for Key Management Personnel

The Board of Trustees give their time freely and no Trustee received remuneration during the year. The key management personnel (KMP) pay is reviewed annually and is normally increased in line with average earnings. KMP salaries are considered in line with pay levels of other charities and organisations in the sector and the region and with consideration to the complexity of the role, the duties and responsibilities.

Risk Management

The Trustees understand their responsibility for the management of the risks faced by the Charity and work closely with the Chief Executive Officer. Appropriate systems, controls and procedures have been established with a Risk Register to reduce our exposure; and, manage, monitor and mitigate risk and uncertainty.

An annual review of the major risks faced by the Charity is undertaken and the Trustees are satisfied that our procedures are in line with our risk management process.

Risk management is considered at regular Trustee meetings and any changes or new risks identified are considered and responded to.

Currently, the biggest risk the Charity faces is the loss of income from the rental of office space at our two managed workspace properties in the west end of Newcastle and income from grant funded programmes.

The following are considered major risks for the Charity:

----- Start of picture text -----
© — Financial risks income loss, exceptional costs, fraud, insurance cover.
© ~~ Governance risks recruitment of Trustees and management, legislation and compliance.
° Operational Risks human resources, management information.
° Quality Risks competition risk, charitable objects risk, serious incident, breach of law.
e — External Risks adverse publicity, government and local authority policy, competitors.
----- End of picture text -----

Corporate Governance

The Charity has internal measures and controls in place to manage expenditure and commitments. The Chief Executive Officer works with the staff team to regularly refine these processes to improve efficiency and to ensure effective and consistent monitoring of projects continues to meet the highest performance standards. Policies and procedures are regularly checked and approved by the Board to ensure compliance and good practice.

Page 15

R.H.W.E. LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Trustees' Responsibilities in Relation to the Financial Statements

The Trustees (who are also the Directors of R.H.W.E. Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including the surplus or deficit for the financial year.

In preparing those financial statements, the Trustees are required to:

The Trustees have overall responsibility for ensuring that the charitable company has appropriate systems and controls, financial and otherwise. The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and for their proper application as required by charity law, and hence for taking reasonable steps to prevent and detect fraud and other irregularities and to provide reasonable assurance that:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Trustees

The Board of Trustees are obliged to seek re-election, every two years, at the Annual General Meeting.

The Trustees who are Directors for the purposes of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report, are set out on page 12.

In accordance with company law, as the company’s Directors, we certify that:

Page 16

R.H.W.E. LIMITED

(A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Trustees' Responsibilities in Relation to the Financial Statements (continued)

Trustees (continued)

Independent Examiner

E. J. Hartshorne-Ferguson BA FCA of Bell Tindle Williamson LLP will be appointed as independent examiner for the ensuing year.

This report was approved by the Trustees on 13th December 2023 and is signed on their behalf by:

----- Start of picture text -----
NB es,
M.B.we
Chairperson
----- End of picture text -----

Page 17

R.H.W.E. LIMITED

(A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF R.H.W.E. LIMITED FOR THE YEAR ENDED 31ST MARCH 2023

I report on the financial statements of R.H.W.E. Limited for the year ended 31st March 2023, which are set out on pages 18 to 29.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the Charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and the seeking of explanations from you, as Trustees, concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and, consequently, no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

have not been met; or

Cole hp E. J. Hartshorne-Ferguson BA FCA Independent Examiner

Bell Tindle Williamson LLP

Chartered Accountants The Old Post Office 63 Saville Street North Shields, Tyne and Wear NE30 LAY

CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 13th December 2023

Page 18

R.H.W.E LIMITED

(A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Designated|Restricted|2023|2022| |Notes|Funds|Funds|Funds|Total|Total| |£|£|£|£|£| |INCOME:| |Income|from|Charitable|Activities|3|260,048|-|-|260,048|303,056| |Investment|Income|4|792|-|-|792|12| |Donations|and|Legacies|5|19,262|-|175,463|194,725|199,578| |TOTAL INCOMING RESOURCES|280,102|-|175,463|455,565|502,646| |EXPENDITURE:| |Expenditure|on|Charitable|Activities|6|200,645|-|214,187|414,832|519,229| |TOTAL|EXPENDITURE|200,645|-|214,187|414,832|519,229| |NET MOVEMENT|OF|FUNDS| |IN FINANCIAL YEAR|79,457|-|(38,724)|40,733|(16,583)| |Unrealised|(loss)/gain|on|investments|13|(6,434)|-|-|(6,434)|3,002| |TOTAL|MOVEMENT|OF|FUNDS| |IN FINANCIAL YEAR|73,023|-|(38,724)|34,299|(13,581)| |RECONCILIATION|OF|FUNDS:| |TOTAL|FUNDS|AT|1ST APRIL|2022|112,492|153,402|38,724|304,618|318,199| |TOTAL MOVEMENT|OF FUNDS|73,023|-|(38,724)|34,299|(13,581)| |TOTAL|FUNDS|AT|31ST MARCH|2023|185,515|153,402|-|338,917|304,618|

----- End of picture text -----

The Statement of Financial Activities includes all gain and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities

The notes on pages 20 to 29 form part of these financial statements.

Page 19

R.H.W.E LIMITED

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |(A COMPANY LIMITED BY GUARANTEE)| |BALANCE|SHEET|AS|AT|31ST MARCH|2023| |2023|2022| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|Assets|12|47,947|52,562| |Investments|13|111,383|117,817| |159,330|170,379| |CURRENT|ASSETS| |Debtors|14|31,546|98,829| |Bank and Cash Balances|359,536|245,797| |391,082|344,626| |CREDITORS|- AMOUNTS|DUE|WITHIN| |ONE YEAR|15|211,495|210,387| |179,587|134,239| |NET ASSETS|338,917|304,618| |Unrestricted|Funds|16| |General|Funds|185,515|112,492| |Designated|Funds|153,402|153,402| |338,917|265,894| |Restricted|Funds|16|-|38,724| |TOTAL FUNDS|338,917|304,618|

----- End of picture text -----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies! regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

For the year ending 31st March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements were approved by the board of directors and authorised for issue on 13th December 2023 and are signed on behalf of the board by:

Mike M.B.Chairpersonsia

Company Number : 03359861

The notes on pages 20 to 29 form part of these financial statements.

Page 20

1 ACCOUNTING POLICIES

R.H.W.E LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of Preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

R.H.W.E. Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Preparation of the Financial Statements on a Going Concern Basis

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. There are no significant judgments or key sources of estimation uncertainty that affect the financial statements.

The Trustees have taken advantage of the exemption from including a cash flow statement in the financial statements on the grounds that the Charity is small.

d)

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The following specific policies are applied to particular categories of income:

e) Fund Accounting

Unrestricted Funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated Funds are unrestricted funds set aside by the trustees for particular purposes. Provision has been made for a property repair fund, a development fund, a restructure fund, an IT upgrade fund anda tangible fixed asset fund.

Page 21

,

R.H.W.E LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

1 ACCOUNTING POLICIES (continued)

e) Fund Accounting (continued)

Restricted Funds are funds which are to be used in accordance with specific restrictions 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 fund.

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Support Costs

Support costs are those functions that assist in the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, payroll and governance costs which support the charity's activities. These costs have been included within expenditure on charitable activities.

h) Operating Lease Agreements

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the SoFA as incurred.

Tangible Fixed Assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost of fixed assets over the expected useful lives of the assets concerned. The principal annual rates for this purpose, which are consistent with those of the previous year, are:-

% Fixtures and Equipment 10-20 ona straight line basis Solar Energy Equipment 5 on a straight line basis

j) Investments

Fixed asset investments are included at market value at the balance sheet date.

Page 22

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

1 ACCOUNTING POLICIES (continued)

j) Investments (continued)

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 year 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.

k) Debtors

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

1) Cash at Bank and in Hand

Cash at bank and in hand comprises petty cash and funds held in the charity bank current account and deposit account.

m) Creditors and Provisions

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

n) Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

0) Retirement Benefits

The obligations for contributions to defined contribution retirement benefit schemes are recognised as the expense is incurred. The assets of the scheme are held separately from those of the company in an independently administered fund.

p) Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

2 LEGAL STATUS

R.H.W.E. Limited is a company limited by guarantee and as such has no share capital. In the event of the Charity being wound up, the trustees would be required to contribute an amount not exceeding £10.

Page 23

3 INCOME FROM CHARITABLE ACTIVITIES

R.H.W.E LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

2023 2022
Unrestricted Restricted Total Total
£ £ £ £
Rents 197,069 - 197,069 198,050
Tenants Overhead Charge 25527 - 25,527 26,056
Room Hire and Conferences 20,146 - 20,146 15,199
Educationand Training Courses 2,854 - 2,854 51,156
Referral Fees 550 - 550 -
FIT Income 13,902 - 13,902 12,595
260,048 - 260,048 303,056
4 INVESTMENT INCOME
2023 2022
Unrestricted Restricted Total Total
£ £ £ £
Bank Interest Received 792 - 792 12
5 DONATIONS AND LEGACIES
2023 2022
Unrestricted Restricted Total Total
£ £ £ £
Grants - 175,463 175,463 186,045
HMRC - CJRS Grants - - - 2,791
Apprentice Grant Support 15,156 - 15,156 941
Donations 2,548 - 2,548 1,469
Volunteer Services 1,558 - 1,558 8,332
19,262 175,463 194,725 199,578
R.H.W.E. Limited were extremely grateful to receive the following grants during the financial year :
Newcastle and North ofTyne CLLD ESF fund to support the Routes to Work
project helping
local		 people with personal development and employability
support intojobs, training, education and volunteering. 98,053
Newcastle and North of Tyne CLLD ERDF fund to support the HOW2 Start
and Grow Your Business project of pre-start, start-up and existing business
support with business advice appointments, workshops and resources. 76,201
LA6 Gateshead Council ESFCommunity Grants for Explore Self-employment
North
Tyneside
-—		 supporting
groups		 to explore self-employment and
employability. 1,209
~175,463

Page 24

6 EXPENDITURE ON CHARITABLE ACTIVITIES

R.H.W.E LIMITED

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

2023 2022
Unrestricted Restricted Total Total
£ £ £ £
GrantsAwarded 1,426 1,909 3,335 1,942
Business Centres
Repairs, Maintenance and Depreciation 35,334 1,783 37,117 43,161
Heat and Light 19,570 25,000 44,570 20,778
Rates and Water 3,403 7,394 10,797 13,426
Insurance 4,854 - 4,854 4,984
Security Costs 4,502 - 4,502 4,120
Cleaning 16,587 - 16,587 13,176
84,250 34,177 118,427 99,645
Cost ofEvents and Activities
Other Events 812 351 1,163 2255
AdvertisingMarketing andRecruitment 2,074 1,452 3,526 19,420
Business Resources 257 864 1,121 1,233
Tutoring Costs 6,961 50,189 57,150 56,676
VolunteerExpenses 1,558 . 1,558 8,332
Conference Costs 7,452 558 8,010 3,238
19,114 53,414 72,528 91,154
Management and Administrative Costs
StaffCosts (Note 8) 51,441 123,041 174,482 226,457
Training 273 276 549 750
Office Costs 23,624 1,310 24,934 27,031
Legal and Professional Fees 11,190 60 11,250 60,740
Accountancy 5,650 - 5,650 4,650
Bookkeeping 1,500 - 1,500 -
Bad Debts 586 - 586 5,506
Governance Costs (Note 7) 950 - 950 950
BankCharges and Interest 641 - 641 404
95,855 124,687 220,542 326,488
200,645 214,187 414,832 519,229

Page 25

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

2023 2022
Unrestricted Restricted Total Total
£ £ £ £
IndependentExaminers Fees 950 - 950 950
950 - 950 950

8 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF MANAGEMENT PERSONNEL

2023 2022
Unrestricted Restricted Total Total
£ £ £ £
StaffSalaries 47,140 111,968 159,108 205,266
Employers NI 3,147 7,382 10,529 15,481
Pension Cost 1,154 3,691 4,845 35710
51,441 123,041 174,482 226,457

No employee received emoluments in excess of £60,000 during the year (2022: £nil).

No Trustees, nor any persons connected with them, have received any remuneration from the Charity during the year (2022: £nil). No Trustees have received any reimbursed expenses or any other benefits from the Charity during the year (2022: £nil).

The key management personnel of the Charity comprise the Trustees, the Chief Executive, the Development Officer and the Finance Officer. The employee benefits, including pension contributions, of the Chief Executive, the Development Officer and the Finance Officer were £114,125 (2022: £125,972).

The average monthly head count was as follows:

2023 2022
Number Number
Management
Administrative		 Staff 3
y)		 3
4
Total 5) 7

Page 26

10 RELATED PARTY TRANSACTIONS

R.HLW.E LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

11 TAXATION

The company is a registered Charity and accordingly is exempt from tax on its income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

12. TANGIBLE FIXED ASSETS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Solar| |Energy|Fixtures &| |Equipment|Equipment|Total| |£|£|£| |COST| |At|Ist|April|2022|88,971|142,563|231,534| |Additions|-|4,424|4,424| |At|31st March 2023|88,971|146,987|235,958| |DEPRECIATION| |At|Ist|April|2022|45,968|133,004|178,972| |Charge|for|year|4,449|4,590|9,039| |At|31st March|2023|50,417|137,594|188,011| |NET BOOK|VALUE| |At|31st March 2023|38,554|9,393|47,947| |At|31st March 2022|43,003|9,559|52,562|

----- End of picture text -----

Page 27

  1. INVESTMENTS

R.H.W.E LIMITED

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Managed|Investment| |Portfolio| |2023|2022| |£|£| |Market Value|at|Ist|April|2022|117,817|114,815| |Unrealised|(Loss)/Gain|in Year|(6,434)|3,002| |Market|Value|at|31st March|2023|111,383|117,817|

----- End of picture text -----

During the year ended 31st March 2018, R.H.W.E Limited invested £100,000 into an investment portfolio. The trustees made this investment to safeguard funds, to meet the costs, that the trustees have identified as part of the charity's designated reserves.

This investment portfolio, which includes quoted equities and bonds, is managed by Heartwood Investment Management, who have provided the year end valuation.

Each year the charity recognises the movement in the market value of the investment portfolio.

14 DEBTORS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Trade|Debtors|10,950|1,644| |Prepayments|9,684|5,316| |Value|Added Tax|1,003|3,426| |Other Debtors|9,909|88,443| |31,546|98,829| |CREDITORS| |2023|2022| |£|£| |Amounts|due|within|one|year|:-| |Trade|Creditors|83,475|LL1,775| |Rent Deposits|29,360|21,508| |Sundry Creditors|and|Accruals|96,254|71,855| |PAYE|2,406|5,249| |211,495|210,387|

----- End of picture text -----

Page 28

16 STATEMENT OF FUNDS

‘

R.H.W.E LIMITED

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

Balance Unrealised Balance
Ist April Investment 31stMarch
2022
£		 Income
£		 Transfers
£		 Expended
£		 Loss
£		 2023
£
Unrestricted Funds 112,492 280,102 - (200,645) (6,434) 185,515
Designated Funds 153,402 - - - - 153,402
Restricted Funds 38,724 175,463 - (214,187) - -
304,618 455,565 - (414,832) (6,434) 338,917

Unrestricted Funds

These are funds which the Trustees are free to use in accordance with the Charity's objectives.

Designated Funds

Designated Funds are unrestricted funds set aside by the Trustees for particular purposes. The Trustees consider it prudent to make provision for a property repair fund, a development fund, a restructure fund, an IT upgrade fund and a tangible fixed asset fund, as follows:

Property Repair Fund: The Charity has two business centre buildings on a long-term full repairing and insuring lease from Newcastle City Council and the Trustees are aware that all properties will need refurbishment and potential on an ongoing basis. This fund sets aside essential repair works and dilapidations as the buildings age.

Development Fund: The Trustees recognise that in expanding and embedding R.H.W.E. Limited new programmes, a fund is required to cover the risks associated with new work,

Restructure Fund: This fund has been established to fund the costs of any future restructuring at R.H.W.E. Limited. . IT Upgrade Fund: This fund has been established to fund the costs of upgrading technology infrastructure including the costs of changing IT hardware and software.

Tangible Fixed Asset Fund: This purpose of this fund is to fund future fixed assets.

Restricted Funds

These are funds received for specific purposes and projects. Please see note 5 for the funds that were received this year.

All restricted funds for projects delivered during the year were spent and claims drawn down by the year end.

Page 29

R.H.W.E LIMITED

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31ST MARCH 2023

17 INDEPENDENT EXAMINER'S FEE

2023 2022
£ £
Independent Examination 950 950

Management and administrative costs include £5,650 (2022 : £4,650) in respect of accountancy and book keeping services paid to Bell Tindle Williamson LLP in addition to the independent examination fee.

18 ANALYSIS OF NET ASSETS

Unrestricted Designated Restricted Total
£ £ £ £
Tangible Fixed Assets 47,947 - - 47,947
Investments - 111,383 - 111,383
Current Assets 349,063 42,019 - 391,082
Current Liabilities (211,495) - - (211,495)
185,515 153,402 - 338,917

19 ULTIMATE CONTROLLING PARTY

In the opinion of the Trustees, there is no ultimate controlling party of the Charity other than the board itself.