CharIty￿gIstratIon number1102485 C¢)mpary registration number04974877 (England and Wales) SIGNPOST ICOLCHESTER) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 37 WRCH 2024 SIGNPOST (COLCHESTER) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Thomas l EkkEid D Bradweil Mr F Hedttdl CBE (App￿nted 21 May 20241 Charity number II02485 Cornpany number 04974877 Principal address Offi￿19. ColchesterBusiness Centre l George Willh?ms Way Cdche5ter Erotand Col 2lS Registered office First FICMY The Library Cdchester Engbnd C04 3QE Independent examiner Gascoyre House Fami Business Centre Fotnham All ￿1rnts Bury St EdmurKIs Suffolk IP28 61Y GoscvJne5 SIGNPOST (COLCHESTER) LIMITED CONTENTS Trustees. report 1ftdepw￿eft1 ￿mIr￿'S ￿port 5tstement offirwKial aumties Balance sheet Notes to the finanoal stalements 7-12 SIGNPOST (COLCHESTER) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn EOR THE YEARENDED 31WRCH2024 The trust￿ who are also directo￿ ol the charity for the purposes ofthe Companie5 kr 2¢))6. prsent their annual Teport and finaDcial ststements ofthe charity for the yearended 31 Marth 2024. The financial ststemenls have been prepared in accordèno wth the accounting policies sei out In note I to the financial Statements and comply with the charity's govefning documer¢t. the Compar¢ie5 Act 2CK)6 and "kcounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in acaydance with the Financial Reporting Stsndard applicable in the UKand Republ￿ of Irdand IFRS102)" (effective l Jènuèry 20191. objecti￿ artd activities The ch311ty'5 0ty'ectwe<. are sef ¢>Ji in cJaLtse 3 of Ihe ffWfKr4ndum. These ale "The rel￿ of the noTr empltyed in Colchester and the neighbouring 3re35 by provision of resource centre5 byhich a5Stst them tn firwjtng emp1oyrDeni and in developing Skills relevènt to (he job rndrket.. In del'i¥wjFg ser¥iLes the TiubL*s lithj rward lo IIE yUiTJdrKe by itri¢ Clidiily Commission on public benefft. The charity pr(*ide5 rr facilrtie5 and trdinirg, and wpport Ihrough rreryrortng and pw50nal dv4tlopment to aS5isl its beriFfiiia"ies In 'irTrdina work. rp 5 15 pfthided at its ihree Resource CeTrt￿ These are located at Greenstead LibTary Colchèster The￿￿WICk Enterpfise Ltntre In Tendring, 3p.d al The Basildon Centre tn Ba511don. The charity objectNes are fijnded by a mix of grants and contracts. The cc*e work ol the charity is assisting non employed persons to find by prepaiing CV.. and piov,ding IT tacilitle5 lor ie5eafeh and ccrpmJnit.3ti(Tr Some befjefi(-iaT￿eE are referyed by the lob Lenrres and third paty reterees. and other5 by ymple 'walk in.. F¢Y this reason, the charity endeaNrsred lo IoGlte its Resouro Cent￿$ in areas ofdeprivation. These coreseFvicesare generalty facilitat￿ bygranl funding. There are many barriets lo gainiro ernployrwit and recogntzing these and enabling our benefick?riés to thrrcome them 15 valsjable rneans Ofath￿ing their dessred outcome). These se￿ceS can Ir￿l￿de langUa9e teathing. ITsknlls and basic numeracy and skills training. This is usually provTded by tsrgeted conlBcts agreed wilh agep.a&c ￿r:e[e the funder iaentsfie> client profiles And sets the oiJteoMpsexpeet￿ from the ce*nt￿ts. Sirategrc reprxt Achievements and performan In the reporting we have been vtsited by be￿laries 3.032 limes with 870 ffrst timè wsit0￿. This is a 39% Increase over the previou$ yèaT as pattem5 of soaal behawof gradual￿ ret¢)ver from the Cowd Pandemic. The Irnp* of thÈ pandemie is indicated by historical new vi51tor numbers bekng over1.2CQ in 2019 although thatwould have been from four centres. Our centre in Thurrock W to close due to the Pandemic Inc￿SIng need for ¢)ur services has also been drNen by inflation and fuel and lood prices as a result of intemational •Aents. li 15 the trust&s arrbbit*on fof ttE charity to expand the *OPE of 5ervice5 and the geographic reach in line with the meMOrar￿uM. Opportunrties to asgst the nortrernpl0￿d in other areas within the county of Essex will beexpbfed as le%￿￿(e5 become ￿al￿e. The Charity has always worked in a c11t￿t centred way youth employment has alw￿ been one of wr focus areas. The numbers of young people not in emplo￿ent, education or lTrining INEEfsi has now reached over one million. We have also found the need to 5UPWrt IflLred>iiiy riuiTibEf5 of peDFle with mental health challenges and varlous ryrts ol disability. We have a150 identified challenges that newly arri￿d refugees have encountered. Fn this reporting yeai we Fpve been particularly successful with contracts such as the ESOL IEnglish for Speakers of Other Langtsages) and the MULTIPLY cOntr￿t teach￿n9 basic mathematical skilLs. Impact Hard outcorne5 We contèct our benef￿lari￿ by telephone thoe rnonths after their inthal ￿l$tratIon. Thts is to find out h1￿ they are tjoing and rnind them that we are here. Thi% survey showed that, ofthe 263 Cofrespondents 91134%) had found work and 33112%) were w in Iiaining. Satbslart￿n rdtings sh(M that people value the wvice and ￿ld recomme￿1 to othws. SIGNPOST (COLCHESTER) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEARENDED 31 MARCH2024 Soft outcomes We measure soft ￿Jtcorne5 in a varTrety of way5. One of these is the Warwck-Edinburgh Mental Wdlbe#)g ka￿. the gfaph below shows levels ofwellbwng as national noms as well as before and aftef Sgnpost's support. This graph shows pre existing low levds of ¥%ellbeing in the areas Tr•* Se￿ a% ￿14 as thè p05tti¥e impad of &"9nrK6t's Int￿ntiOn. These eff8cts are ststistically significant. The truslees woul¢J lik io expre55 thfyr gRblude to the following parthws who have IW￿ed the ¢l%irity's se1vi￿ within the porting yeaf.. - Essexcouunty Counc - Papworth Frust - Community 360 -Tendring District Council -citizens AAVI -community 3fA) -mulberry Trust -Garfield Westem Foundati - Postcode Places Trust -Tudor Trust Flnancial revle The financial Siaternents ￿ been prepared implementiTh) the itakemefjt of Recommended Pfactice for Accounting and reporting by Charities issued by tr* Charil'i CommissFon for En9tand and leffectwe April 20)51. The trustees con&der the financial pefformance by ihe charity during the reporting vear hos be￿ satisfa￿l￿P￿ and w1thin ihe usual Variances. The Stsiement of Finanoal ktivities shC￿ inc(Thing resourc￿ fcf the y&r cl £279,322 and QLrtg(Xf¥J resources of £261.225. ￿ulEIng In a net surplus fjorthe￿ar ot El 8,097. Signpost hasfew fixed a55ets and holdstssh rese￿5atthe ￿arend of£204.73712023- £175.YJ91. InVeSt￿t pcwersand policy There is no inveslmenl strarèay other than our resen￿$ polKy. (knr income is volatile and insecu￿. and vulnÉ¥able lo factor5 outside Of ¢Jui control. To ensure our reserves are sufficient to proted us from in501vwLy it is the Trustees policy to maintain reserves of three months ol overhead pl*Js an amouftl equivalent to ￿r 5tstutory liability to our emFloyees. Reswe5 are n¢X inv95tod ¢n ord•rto maintain minimum nsk. It tne respon5ibiltty of thè tnjstees to ensure that exDepses are al all limes keot under review and by carelul cash flow forecasting. ensure that these are in line wiin Income. Al,, decisitsls peifdining to Staff remun￿0110n are subject to approval bylhe 8oar(l ofTrustees, and an ￿dIt￿re apprcprdls proce55 is in place for41 sumSab(Y￿ a set mintmum. Resefves policy.. Signpost has few fixed a55ets and holds a depoyl in COIF Charity hjnds appfoximaely £119,769 which is considered to provide an adequate reserve. I his reserve ￿ helu 50 thai ￿￿ can meet our legal ¢)bjiWtX￿ under ary orcumslances. Pty pdicyfoT senKJr staiF. ￿1 decisions pertaining to tsff remuneRtion are su￿"eCt ioapwo4a bythe Board ofTrustees. SIGNPOST (COLCHESTER) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEARENDED 31MARCH2024 Plan51Dt fijtufe k)en'o95 The charity sees a continuing need for its servi￿ and has prepared budgets w,Ih a wew to maintaning the current level with riEwdnd exiJtirw yértnershiyb vrfliiièi will dllvY4 it to maintain the Resource C¢nires in Colchester, T￿drin9, and Ba5ildon. Strurture, govemance and managerr* cinvg.ming drjcumpnt The charity is controlled by ils goveming dc£uments. The charsty 15 constituted as a company limited by guardntee as defined by the Companies Act 21JA and is therefore gcwefned by a mem¢Jandum and a￿"deS ofassociaDon. The directors ofthe companyare also tnjstees ofihe charity. The restrictions in the charity's actwities imposed by its merr￿ond￿M aThJ artides are that the ncome and proF)eTty of the charity may not be appl¢ed directy ￿ indirectty to membef or trustee of the charity subject to the eXcept￿n$ given in clause 511-61 in the memoRndum. Strudufe. G￿rnan￿and Management The trustees, who a￿ also the directors for the purpose ofcomparylaw. and who seryed during theyearand up to the date of Signatu￿ ofthe financk?1 statements were: R Thornas l Eldridge D Bfadwell Mr F Heddell CBE L Pereverzeva IAwMnted 21 May 20241 Organisational StrUc￿reand h¢>Ndecisionsafe made The trustees have oveTrII re5porssibility for the chafity but the day to day decisionsare made by a managementcommittee chaired by the chiefexecutwe officerand con5isling ofthe three centre managw& This meetsappfcuimatefy once per month. KeydKisions mltst be ratr.fied by the ￿$tee5. Method ofelethon ol Ihe membersofthe ts0a￿ oftrustees Trustees arc appointed as follows.. The procedu￿ for the appointrnentand retirement oftrustees is set out in frjll in Article5 29 to 37 ofthe Article5 ofAssociation. For normal appointment ofa new trustee the wocedure set out in Artide 35 isadopted. Thts 15 as+ollow5'. A suitable peT￿n is tdentified and, rfapPr￿ by the trustees, 15 asked to ac￿pt nomination to Ihe board oftrustees. Ifthis1S gle￿ the F)e￿n Is formallYap￿)Int￿d loth@ bc•rd by tw$t￿. Risk management The main identified risk that the tharitylaces is thatan income shortfall offijnding will predude o¢JT ability to continue operations. It is the responsibilityol the truslees lo ensure that Ihe5eexpense5 are at all trrneskept under remew and. by carelul cash flow forecagi"ng. to erisufe that theSea￿ a4ju5ted to be in linewth irKome. Reference and adminrstrètive details Registered Company number 04974877 (England and Wales) Registered Charity nymber 1102485 The trustees. re￿rt￿￿ appro¥*d bythe Board olTnJstees. R Thomas Chaif I l Oecember 2024 SIGNPOST ICOLCHESTER) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIGNPOST ICOLCHESTER) LIMITED We rewrtto the tru5tee5 on ourexamination of the finanual statements of Signpost Icolchester) Lbmited Ithecharityl fortheyear ended 31 March 2024. ResFx>nsibilities and basis of rtptsrt As the trustees of the ctkirity land also its direct￿5 for the purr%)ses of compary Iw41 y¢yJ are iesponsible for the preparation of the financial Statements in accordance with the requirements ofthe Companie5 Act 21￿ (the 2{￿ Acts. ing satisfied that the fina￿la4 ststernents of the charity are not reqLtired to be audited under Part 16 of the 2 t and are eligible lor independent examination. We report In respect of our e¥ominalion of the charity's financ431 statements carried out under section 145 of the Charib'es Act 2011 (the 2011 A£tl. If) carr out our examination v* have foll￿d all the applicable Direcions given by the Charity Commwon under settion1451511bl o the 2011 kt. Independènt ￿)MIner'S statement Since the charitys gro55 income exceeded £250.(XK) your eyaminer must be a member of a body listed in secbon 145 of the 2071 Act. We confifm that we afe qualified to undertak the e¥AmiTration because Y•E ao rnernbe￿ of ICAEW, wh+ch is one ol the listed bodies. We have completed ¢)ur examination. We confirni that no Matte￿ ￿ come to wr attention in connection ￿￿th the examination 9iving us cause ￿ believe thai in ary ma*nal respea.. accthjnling not kept in respect ol the charity as required ty sedion 386 ofihe 2IX)6kt: the finanoal ststements do not accord with thi)se record5". the financial statements do not comply with the accounting requtsrements of section 396 of the 2W6 Act other than any requirement that the accounts give a true ar￿ fair view which is r￿t a matter considered as part of an independent examination., or the financial ststement5 have not been p￿pared in accordance ￿th the rneth(xJ5 and princi*s of the Stsiement of Recommended Practice for accounting and reporbDg by charities applicable to charities picpartn accordancewrth the Financial ReportiThJ Stsndard applicable rn the UKaTrJ Rewbjic of Ireland IFR510a. ther accounts in We have no concems and have come across no other matters in connecbon v•th the e¥3mination to wlich attention should be drawn in this report In or(lerto enab￿ a proper undersianding of1￿finan0al statemenis to be Text￿1. Gascoynes Gascoyne House Moseleys Farm Bu51r￿S Centre. Fomham All Saints Bury St Edmunds Suffolk IP28 6]Y Daled:11 Decembef 2024 SIGNPOST ICOLCHESTER) LIMITED STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEARENDED 37MARCH2024 Unrestricted Total Restrict nds 2023 Total fvnds 2024 hjnds 2024 nds 2023 2024 2023 Notes Incomefrom. Donations and legacies IrryesiTT*Wits 232.n7 46.590 279.317 137.478 89 266,586 404.064 89 Totsl incoff 232.n2 46.590 279.322 137.567 266.586 4(14,153 nditure on: ChariTrb1eactivit￿S 198,268 62.957 261.225 89,798 270.125 359.923 N•t Incoming/loutgoingl resources before trnn5feTS 06.367) 18,097 47,769 13,5391 44.230 Gr0&5 trdn5fers betrNeen lund5 121.801 1121.8011 Nel incorne/lexpendttU￿> for theyeaf/ Net movement in lunds 156.265 1138.1681 18,097 47.769 13.S391 44,230 Fund balances at l April 2023 118.1621 154045 135,883 165.9311 157,584 91,653 Fund balancesat 31 March 2024 138,103 15.877 153.980 118,161 154,045 135,883 The 5tsternvrtoffifiancial acrwitse5 indudes all galn5 and1055es reC￿JnISett in the year. All incomeand expendttLtre deri¥tfrom continuirg acEMbes. The statement of financial actswties a150 com￿leS with Ihe requirements for an income and expetKliture account under the Companie5 Act 2CQ6. SIGNPOST (COLCHESTER) LIMITED BALANCE SHE ASAf31MARCH2024 2024 2023 Currentassets Debtors Cash at bank and in hand 19.C86 204.737 16,189 175,399 223.833 169.8531 191.588 155.7051 Creditors.. amotjnts falling duewthin oneyeaf NetQJfrentassets 153.980 135,883 Income fijnds Restricted fvnds Unrestricted fund5 io 15.877 138.103 154,045 118.1621 153,980 135,883 The company is entitled to the exemptlon from the audtt requtrewrent contai1￿￿ in section 477 of ttrE Componie5 Aci 2CX)6, ftJF the￿[ ended 31 March 2024. The directors ackntThledge their respon%bilitEs lor complying wtth the requirements ofthe Comparies kt 2C>36 respect to accounting recordsand the prepardtw offinancial statement The member5 have not required the ccthpany to obtain aft audit ol its financial statements for the Jear in qUest￿ft in accordance wtth section 476. These financial stslements been wepared in accordance with the prt*isions applicable to cOm￿nieS subject to the small companies ￿1rne. The finarKial staternents*￿ appro¥Ed ty the Tntstees on11 December 2024 R Thomas Chair Compary registration number04974877 SIGNPOST ICOLCHE¥fER) LIMITED NOTES TOTHE FINANCIAL sfATEMENTS FOR THE YE4RENDED 31 MARCH2024 kcounting pOI￿leS Charity intormation SignDOSt Icolchesterl Limiled is a prniate company limited by guardntee incorporated in Englènd ard Wales. The registered office is FTr5t Floor The Librnry. Hawthcrtn Avenue. G￿nstead. Colchestef. Essex. C04 3<￿. 1.1 kcounting corNentKJn The financial sEalemen￿ have l)een wepared in accordance wr(h the charity's IgoverniTV3 d¢)￿rne￿Il. the CurnydriiesAct 2Cx)6, FRS 102 Tr Financ￿1 Reporting Stsndard applKable In the UK and Republic of Ifeland" l~FRS 102.1 and the Charities SORP "pkcountlD9 and Rewtir¥g by ChaTlties= statement of Recornmended Practice applicable to charities preparing th￿r accounts In accordan￿ wlh the Financia5 Reporting Standard applicable In the UK ard Republic ol Ireland IFRS 1021. leffectNe I january 20191. Thecharity 15 a Public Benefft Entiry as defined by FRS102. The financial ststements are prepared in steTling, is the lurKiional ￿r￿t￿Y of tr* chanty. thjnetsry amounts In t￿se finapo31 ststementsare ToufKled to the nea￿1 £. The financial sktemet)ts have been kyepared under the historical cost conventrffi. lrn9nised so as to wiite off the cost or valuation of assets le55 their resKlual values cNer their usefijl li¥ps on the following bases: Plant and equipment 25% reducing balan The gain or loss arisin9 on the disposal of an asset Fs detemiined a5 the differen￿ be￿￿ft the sale pr¢xeeds and the carying value ofthe asseE, and Is recognwl In the statement offinanoal actmties. 1.7 Cash and cash equivalents Cash and cash equivalents indude cash in hand. dewsits held at call bar¢ks, other short-temi liquid in￿ents with original rnaturilies of th￿ months or le55, and bank o4efdrafts. Bank fftrdrdft5 are shchvn within Lwcwngs Tn current 1.8 Finanual 5n5truments The chafity has eleaed to opply the provisions of Section 11 '8èsic Financial Instrumenw Sectit)n 12'0ther financial Instruments Issues, ol FRS102 to all of ilsfinancial in5tnJments. Firtancial insrruments are recogNsed in the charty's tsala￿e sheet when the chanty tecomes paty ts the Contra￿3$ prowsions ofthe instniment. Financial assets and liabilites are offset. with the net amounts presented in the financial statements, Nyhen there 15 a legally enforwbl¢ right to set off the ￿nISed amounts afKI th¢fe 15 an irityitivri (v >eltle d lTrEt bd5i5 01 lo ie4li5e the 455et and settle the liabilty Simultaneou￿y. Basrfinancola55ets Basic financol assets, which indude debtots and cash and bank baL￿n￿. are initialty measured a transaction price including trdnsaction costs and afe subsequentty Cafried at amortised cost using the effective interest method unless Ihe arRngement constitutes a financing transaction, where the transaction ts measured at the present value of the knure receipts discounted ata martel rate ofinteTe5t. Financial assetsdawfied as receivable within are not amorti5ed. basrfina￿•I/I4tsIIft•s Ba%c financial liabilities. induding creditors and bank loans are initts4lly reccgnised at transaction pftce unless the arrdngement constitutes a financing tsan3artion, where the debt instrumtnt is measured at the p￿Sent value of the fvture payments discoufited at a market rate of 1nterest. Financial liabilit￿ cla55ified as payab￿ within one year are not alnortised. Debt instruments are subsequenty (3rried atamortt5￿ cost. theeiknNe interest f* melhod. Trdde creditors are obligations to Day for go(yJs of seNices that have been acouired in the ordinay ctyJr5e of operations from supp51e￿. Amounts payable aredass5fied as current liabilities if PayTnent is due wthin one year or kn. Ifnot, theyafe presented as n0n-cUr￿nt IkAbililses. Trade creditors a￿ recc9nised initsally èt trar￿actiOn price and subsequently measufed atamortised cost using the effecfive inlere5t method. Derecognition 01finanoall￿jlt￿s Financial liabil￿e$are derecc•Jnised when thecharty's contTrthMI 0bligationsew￿Iy￿d1sch0rged Orcancdled. 1.9 Empbyee benefits The cost ofany unused holthy entitlement is recognised in the wtod in whith thÈÉmplctyEe'sseMc@s3re rec&t￿d. Temination benefits are recognised imm&Jiately as an expense when thecharity 15 dernon5tsab￿ comm¢tted to terminate the employment ofan employee orto prowde termination benefft5. SIGNPOST (COLCHESTER) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR IHE YEARENDED 31 MARCH2024 Im<¢stm¢nts Unrestncted Unresrricted hJnds tunds 2024 2023 Interest receivable 89 Charitableactiwties 2024 2023 Wages Rent and rate5 InsutBn Telephone Postage and ststionery Jndries Beii¥fiiiary expènse Project disbursements Beneficiary Irai 237,133 7,218 1,288 2,397 3.118 7,697 327.910 10.938 1,257 3.219 3.086 9,266 173 1.537 586 260.388 356,435 Legal and accountancy fees 837 3,488 261,225 359,923 Anal￿1$ byfund Unrestricted funds Restricted hjnds 198,268 62,957 89,798 270.125 261.225 359,923 SIGNPOST (COLCHESTERI LIMITED NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEARENDED 31 MARCH2024 Tangiblefixed assets Cost At l April 2023 37.912 At 31 March 2024 37.912 DeprecIat￿Tr and 1MpaTrrrr￿t At l April 2023 37,912 At.11 Mareh 2024 37.912 Emplo Theaverage monthly number ofemployees during the yearwas.. 2024 Numt)er 2023 Number Management stsff Totsl 13 16 TheR vrtre emplorn•Yh05eannual rEmUrtrat1￿WdS more than £60.IXX), None of the tnfjtees lor any Pe￿￿ScOnnected bvtth them) le￿I￿e￿ any remuner4tion ty benefits from the charityduring the year. Twtion The charity is exempt from tsx on incorne and gains falling wlhin secfion 505 of the Taxes Act1988 or section 252 of the Taxatsonofchargeable GainsA£t1992 to the exteni that these areappl￿ to its cJ)arbtable objects. Debtors 2024 2023 Amounts fèlling duewthin ￿Year. Trade deblo Prepayments and accrued income 17.6(J) 7,496 14.999 1.190 19.096 16.189 10- SIGNPOST (COLCHESTER) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEARENDED31MARCH2024 Creditois: amounts falling duewithin oneyear 2024 2023 Other taxati¢Jn an(1 S￿la4 secur¢ty Trade creditots Othe¥ creditor5 AccnJals and defer￿d ir 4,533 1,334 812 63.174 5.673 1.649 797 47,586 69,853 55.705 11 m ¢0 oo-. 40 IXS m ID O ¢J ID ￿ ry ￿ ¢Y U2DmJ£ lijljlil£l:li, LULuu2utLu>SLL￿￿W{ti￿u