Resource
Helpin9 the rtsmmunity into employm8nt
EMPLOYMENT RESOURCECENTRE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEEV REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2024
Company No: 05211299 (England and Wales)
Charity No: 1106331
020 8346 40001 HEILO@RESOIIRCE-CENTRE.ORG I RESOURCE-CENTrLORG
894 High Road, London, N12 NRH
RÈqislw8d im Enty*id Numbpr 52ll￿ Charity Re9istr*ion Number m833I. fund￿ by yo￿TrIary tontrfbjli￿￿8r￿I wported byJllwigh BIk￿ tlwbl

EMPLOYMENT RESOURCE CENTRE
CONTENTS
Page
Legal and Administrative information
Trustees, and Directors, Report
3-13
Independent Examinerfs Report
14-15
Statement of Financial Activities{including Income and Expenditure Account)
16
Balance Sheet
17-18
Notes to the Financial Statements
19-25

EMPLOYMENT RESOURCE CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Forthe year ended 31" December 2024
Constitution
The Employment Resource Centre, trading as"Resource" is a company limited by guarantee registered in
England & Wales and a registered charity governed by its Memorandum and Articles of Association. The
charity number is1106331. The company number is 05211299.
Directors and Trustees
The board of the charitable company I'the charitll is its Trustees for the purposes of charity law and
throughout this report are collectively referred to as the Trustees. The Trustees are elected by the
members of the charitable company attending the Annual General meeting and they all serve 3-year terms
following which they may stand for re-election.
The Trustees serving during the year and since the year end are as follows:
Chair: Michael Beral
Shirley Fenster
Anne Fenton
James Field
Kate Fulton
lappointed18101120241
Jeremy Kelly
Simon Mitchell
(resigned 28101120251
Peter Musgrave
Simon Samuels
(appointed 29101120251
Resource Advisory Council
David Arnold MBE
Julian Glicher FCA
Patricia Ward
Alan Sanders
Senior Management Staff
Victoria Sterman
Chief Executive Officer

EMPLOYMENT RESOURCE CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
For the year ended 31" December 2024
Registered Office
Reportin9 Accountants
894 High Road
London
N12 9RH
Taylor Viney & Marlow Limited
Chartered Accountants
46-54 High Street
Ingatestone
Essex CM4 9DW

EMPLOYMENT RESOURCE CENTRE
TRUSTEES. REPORT
For the year ended 31st December 2024
The Trustees present their report and the financial statemerlts of the charity for the year ended 31
December 2024. The Trustees have adopted the provisions of the Statemerit of Recommended Practice
ISORP 2019)~Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial
statements of the charity.
Legal and administrative information set out on pages l & 2 forms part of this report. The financial
statements comply with current statutory requirements, the Memorandum and Articles of Association and
the Statement of Recommended Practice-Accounting and Reporting by Charities.
Object of the Society
The Charitls object and its principal activity is=
The relief of unemployment for the benefit of the public in such ways as may be thought fit including
assistance to find employment.
Working name
"Resource".
Organisational Structure
The Charity is UK based with its office in London.
The Charitsls governing body is the Board of Trustees, which comprises at least three and not more than
fifteen individuals, all of whom must be members. The Trustees meet regularly to manage its affairs, to
oversee the work of the Charity, to consider future projects and are involved in strategic decisions for the
organisation.
Investment powers
Under the Memorandum and Articles of Association, the Charity has powers, which may be exercised only in
promoting the Objects of the Society.

EMPLOYMENT RESOURCE CENTRE
Public benefit
The Charities Act 2011 requires all charities to meet the legal requirement that its aims are for the public
benefit. The Charities Commission in its Charities and Public Benefit guidance states that there are two key
principles to be met in order to show that an organisation's aims are for the public benefit: firstly, there
must be an identifiable benefit or benefits and secondly, that the benefit must be to the public or a section
of the public. By helping to provide skills and encouragement leading to employment, the Trustees consider
that they have complied with section 17 of the Charities Act 2011 and the guidance issued by the Charity
Commissioners in respect of Public Benefit.
Objectives and Activities
Resource is a charity that helps unemployed people, predominantly from the Jewish community, into
employment. Our primary objective is to support unemployed people with all aspects of their job search,
including practical and emotional elements, to enable them to get back into work as quickly as possible.
Rooted in Jewish culture, Resource offers expert guidance and support to people of all backgrounds.
Vision
Resource's vision is that all Jewish people will be able to support themselves financially, 2nd where help is
needed to get into employment, Resource is able to provide that support.
Mlssion
Resource exists to ensure that no Jewish person facing unemployment or wishing to return to work is
unsupported, and that they are helped to acquire the necessary skills and confidence to gain employment,
self-employment or voluntary work.
Geographical reach
Resource is located in North Finchley in the London Borough of Barnet, which is home to the UK'S largest
Jewish community, and we are well-placed to support the Jewish community in London and across the
South East of England. We are also able to offer our services remotelyand people access our support online
from all of the United Kingdom.

EMPLOYMENT RESOURCE CENTRE
Methodology
Resource's methodology is that of pairing each service user with a professional Advisor to build a one-to-
one relationship of trust. Through these relationships, Advisors encourage clientslservice users)to engage
in Resource's programme of training and support. Advisors provide practical advice and guidance, working
with each client to plan their approach to their job search, develop their marketing tools including a CV, a
Linkedln profile and covering letters, and practice their interview skills. Advisors will also provide
emotional support and encouragement to job seekers, recognising the struggles of being unemployed and
the importance of boosting clients. self-confidence and selt-belief.
Highlights of the Year
Responding to the ever-increasing demand for ourservices, Resource moved to a new, larger and
more modern home in North Finchley in February2024. The new offices have. better accessibility,
large street-level shop windows to advertise our work, four dedicated rooms for one-to-one
meetings, a large seminar room and plenty of room for break-out and networking meetings. The
offices boast a large neon sign in the coffee area proclaiming,"You've Got This" capturing the
positive energy described by clients, staff and volunteers when working in the new premises.
We launched a new service for school leavers and new graduates in 2024. In partnership with UJS,
we hold mock assessment centres to help clients understand what it feels like to take part in a
recruitment assessment centre, and to understand the key skills and behaviours that are typically
assessed. Their contribution is assessed during the workshop and each participant receives
individual feedback after the event.
In 2024 we supported almost 1,000 people, through attendance at our tailoredjob search
programme or through one or more of our ad-hoc events or workshops.
Each client has access to one-to-one support from a dedicated Advisor, the option to attend a range
of relevant interactive workshops, seminars or webinars, one to one IT training, mock interviews,
psychometric profiling, and the use of a facilities such as computers and printers or a quiet meeting
room.
In addition to the practical support each client receives, we provide robust emotional support to
help boost and motivate people going through job search. The vast majority of the clients we
supported during 2024 described their self-confidence in theirjob search as having improved as a
result of their time spent with Resource.
Our success rate is consistently high, and we are proud that we have helped so many people from all
professional backgrounds(and nonelto secure employment this year.
Our network of past Resource clients, the Resource Community, continues to go from strength to
strength. The Community has a dual purposo: to progress alumni in their careers, giving them

EMPLOYMENT RESOURCE CENTRE
access to trainin(J and networking events, as well as keeping in regular contact with Resource. At
the same time, we ask Resource Community members to help our current clients with networking
introductions, to provide information and to identify employment opportunities within their field.
The Community currently has more than 1,100 members, and we actively keep in touch with them
through newsletters and events.
Developments, Activities and Achievements during the Year
Tailored Job Search Programmes
During the year under review Resource was able to provide support to 655 clients on the tailored, in depth,
job search programme to help find and secure employment, which was an increase on the number that we
supported the previous year.
There are no charges to our clients for any of the services provided Iclients are asked to lodge a small
deposit that is offered backto them on completion of theirtime at Resource). Our services comprise..
Advisors
Each client is assigned a dedicated professional Advisor to help clients focus on their job search
strategy. All of Resource's Advisors have achieved success in one or more industries and businesses.
The requirements of each of our clients are different, and it is through the efforts and sensitivity of our
Advisors that clients receive a consistently high standard of service, tailored to the specific job and
support needs of each and every individual. We currently have 17 Advisors in our team, and plan to
recruit an additional three in 2025.
Regular continuous professional development sessions are held for Advisors to help them keep up to
date with current recruitment practices. Our Professional Consultant observes several client meetings
with each Advisor to quality control the advice and support given and ensure a consistent high level of
service is offered to clients.
Workshops and Seminars
Resource offers12 cutting-edge workshops and seminars covering all aspects of job search and career
development. Most of the sessions are full days, and they include Practice Your Interview Skills,
Introduction to Linkedln, and Advanced Linkedln. Our full day flagship seminar, Job Search and CV
Workshop, provides the starting point for clients'job search.

EMPLOYMENT RESOURCE CENTRE
Recognising the growing importance of Al in all aspects of recruitment, we introduced a new workshop
for clients to learn how to use ChatGPT. During the workshop clients are shown how to use ChatGPT to
improve their CV, coverin9 letters and Linkedln profile.
The workshops are delivered face to face, and the full list of workshop titles is as follows:
q Job Search Skills
CV Writing
Interview Skills
How to Use Al in YourJob Search
Make a Successful Impact in Your New Role
Networking & Social Media
Networking Skills
Introduction to Linkedln
Linkedln - Beyond the Profile
Using Facebook, Instagram & TikTok to Land a Job
(• Career Development
Career Reflections & Reset
Yes You Can (Confidence & Motivation Workshop}
Graduate Assessment Centre
Mock Interviews
The importance of conducting mock interviews has grown in recent years, and as a result we have
increased our team to five dedicated mock interviewers. Mock interviews are encouraged for all clients
before attending a real interview and are conducted in as lifelike conditions as possible and are often
arranged at short notice once the candidate has an interview appointment. The opportunity to practice
the interview and receive constructive feedback is an invaluable part of the interview preparation and
provides a significant conf idence boost to job seekers.
ITTraining
Our experienced and knowledgeable IT trainers provide one-to-one tuition and guidance on Microsoft
Office packages and the Internet to enable clients to upgrade their skills, or improve their confidence in
using IT, for today's workplace. Each session is tailored to the individual, and may cover basic,
intermediate or advanced levels.

EMPLOYMENT RESOURCE CENTRE
Psychometric Profiling
Psychometric profiling can help clients to uncover the values and interests that are important to their
overall career satisfaction, as well as gainin(J an opportunity to practice completing a psychometric
profile or test. Clients are invited to undertake an online psychometric profiling exercise that is
reviewed with a qualif led Psychometric Advisor.
Workshops and Events
In addition to our comprehensive programme forjob seekers, Resource designs and produces a number of
one-off workshops each year for people who are unable to attend our Tailored Job Search programme. In
2024 ourworkshops and events included the following:
Age-Less Job Search Workshop with Baroness Altmann CBE
The Age-Less Job Search workshop, in partnership with JW3, was packed with tips and advice on how to
navigate today's job market with a focus on conquering age barriers in the job search. The workshop was
opened by Baroness Ros Altmann, who gave an enlightening keynote speech on the importance and the
value of the older worker, and this was followed by a series of sessions led by career experts advising on
CVS, interview skills, legislation around olderworkers, dressing for interview success, networking and using
social media in yourjob search.
Resource CV & Tea sessions at the Head Room Caté
We hosted two full day CV & Teas sessions this year at JAMI'S Head Room Café, to help people prepare their
CVS. Around 20 clients attended each session, supported by four Resource volunteer Advisors, and in
addition to CV advice, participants had the opportunity to speak to a member of the Resource team about
how to get help with theirjob search.
Resource Community event: Refresh. renew. revise
Members of our Resource Community, our alumni, attended an uplifting workshop to help them keep their
CV, Linkedln profile and networks refreshed. The speakers reinforced the importance of keeping your skills
up to date even when you are in a job, and there was much very positive networking taking place amongst
the group.

EMPLOYMENT RESOURCE CENTRE
Office Inauguration with Chief Rabbi Sir Ephraim Mirvis
On 26th November Resource hosted a special office inauguration, welcoming an esteemed group of guests
to celebrate this milestone occasion and learn more about Resource.Chief Rabbi Sir Ephraim
Mirvis honoured the event with his presence, affixing the Mezuzah at the charitys main entrance, blessing
and sanctifying Resource's new premises. Guests were deeply moved as three tormer Resource clients
shared their heartfelt stories. They recounted their journeys and the invaluable support provided by
Resource's dedicated team of Advisors, highlighting the transformative impact of our work.
In his speech The Chief Rabbi said that the address of our new office- 894 High Road- symbolises that it is
a place for everyone. He explained that the sum of eight, nine and four- 21 was the gematria of Hebrew
letters kaf and aleph, the abbreviation for 'kol echad, which translates as 'everyone'. This is significant, as
Resource is for everyone in the Jewish communityi whatever their age or background. Guest speaker
Andrew Bloch, renowned PR guru to Sir Alan Sugar, captivated the guests with behind-the-scenes stories
about candidates from The Apprentice.
Fundraising Events
Each year we hold at least three fundraising events to raise funds for Resource. These events are always
well supported and in addition to fundraising they serve as a great opportunity to raise awareness of our
work. The fundraising events held in 2024 included:
Supper Qui2- Our popularfundraiser was again a sell-out this year, with over 200 guests at Finchley Reform
Synagogue.
Open Air Theatre Regents Park- A hundred supporters of Resource had a lovely night out watching Fiddler
on the Roof.
Annual Bridge Day Fundraiser with Andrew Robson OBE - Over 120 enthusiastic participants joined this
masterclass with the well-known bridge teacher and writer Andrew Robson, raising over £6,000. The event
provided not only a platform for attendees to develop their Bridge skills, but also an opportunity for guests
to mingle over lunch, and an opportunity to raiseawareness about Resource's vital community initiativos
aimed at helping people back into work.

EMPLOYMENT RESOURCE CENTRE
2024 in numbers:
Activity
No. of individual clients attending
Resource's full programme
No. of people attending special events
No. of one.one appointments with
Advisors
TOL
655
325
2152
No. of full programme clients securing
employment
232
Volunteers
Resource could not operate without the dedicated support and tireless energy and enthusiasm of its more
than 65 professional volunteers. All volunteers receive comprehensive induction and regular training, and a
number of social events are held during the year to recognise and thank the volunteers for their invaluable
contribution. We marked national Volunteers, Week 2024 in style by treating our volunteers to a delicious
afternoon tea at the Head Room Café in Golders Green. Following the tea our volunteers had the
opportunity tojoin JAMI'S volunteers on a guided walk of the area.
Professlonal Staff
The Trustees are indebted to the professionalism and the expertise of our professional staff and to all of
them we express our sincere thanks.
Trustees
The Trustees have met regularly throughout the year to receive the CEO'S report and give strategic advice
and guidance. The Trustees assess the skill sets required by the Charity based on an annual skills
assessment of the Board. In line with good practice the charity continues to seek and appoint Trustees
with appropriate skills for strong governance. We were delighted to welcome one new Trustee in 2024,
Simon Samuels, who brings a wealth of experience in both the business and charitysectors.
New Trustees undergo an orientation day to brief them on their obligations under charity and company law,
the content of the Articles of Association, the committee structure and decision-making process, the
operational strategy, current issues and recent financial performance of the charity. During the induction
10

EMPLOYMENT RESOURCE CENTRE
day they meet key volunteers, employees and other Trustees. Trustees are encouraged to attend board
workshops and appropriate external training events where these will facilitate the undertaking of their role.
Resource Advisory Council
The Resource Advisory Council meet periodically to support the CEO and Chair of Trustees and to provide
guidance and support to the Trustees. We are grateful to the Advisory Council, which currently comprises
recently retired Trustees, for their continuing enthusiasm for Resource and its community support.
Partnerships
Resource is proud of our ongoing partnerships with a variety of communal organisations, including JAMI,
Migdal Emunah, Project Lily, JW3, UJS and Work Avenue. By working in close collaboration with our
partners we can ensure we provide the most relevant, targeted and appropriate support for members of our
communitywho are in need.
Fundraising
Resource is grateful to receive grants from a number of individuals and charitable trusts that fund ourwork.
We are extremely appreciative of the continued support provided to us by Jewish Blind and Disabled.
Reserves Policy
In line with the recommendations of the Charity Commission, the Trustees have formally adopted a
reserves policy. This recognises that the income of the Company does not arise evenly year on year and so
to enable the Company to plan its activities the Trustees have decided it would be prudent to hold reserves
equal to six- nine months running costs.
Based on the 2024 accounts, annual income totalled £430,112 {2023.. £286,402) and annual expenditure
totalled £380,07912023= £401,680). This resulted in a surplus tor the year of £50,03312023: deficit of
£115,278) with overall surplus reserves at 31 December 2024 ot £222,636 {2023: £172,603).
Risk Management
The Trustees have carried out a detailed review of the Charitls activities highlighting the risks the Charity
is exposed to and the steps taken to mitigate those risks. As part of this process the Trustees have
reviewed the financial procedures in order to ensure that they still meet the needs of the Charity.
11

EMPLOYMENT RESOURCE CENTRE
The major risks to which the Company is exposed, as identified by the Trustees, are and will continue to be
regularly reviewed, and systems have been and will be established, and where appropriate, professional
Advisors have been orwill be appointed to mitigate those risks.
Parameters of the Charit￿$ work
Resource is funded primarily by individuals and trusts in the Jewish community and its main focus is to
serve the needs of the community. Resource appreciates funding from beyond the community and where
possible will help anyone, regardless of religion.
The Trustees would like to record their thanks to each of the donors, volunteers and management team,
without whom none of the workwould be possible.
Trustees, responsibilities in relation to the f inancial statements
The Trustees Iwho are also directors of Employment Resource Centre for the purposes of company lawl are
responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited 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 and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then applythem consistently,
observe the methods and principles in the Charities SORP 2019- FRS102,
make judgements and estimates that are reasonable and prudent,
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements,
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
12

EMPLOYMENT RESOURCE CENTRE
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the Trustees are aware-
there is no relevant information of which the charitable companls independent examiner is
unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant information and to establish that the independent examiner is aware of that information.
Approval
This Report was approved bythe Trustees on 21, May 2025 and signed on its behalf by:
Michael Beral- Trustee
Peter Musgrave - Trustee
13

EMPLOYMENT RESOURCE CENTRE
INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED ACCOUNTS
TO THETRUSTEES OFTHE EMPLOYMENT RESOURCE CENTRE
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31
December 2024 which are set out on pages 16 to 25.
Responsibilities and basis of report
As the charity Trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 Act'l.
Having satisfied myself that the accounts of the companyare not required to be audited under Part16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out
my examination I have followed the Directions given by the Charity Commission under section 14515Xbl of
the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act.. or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a'true and fair view, which is not a matter considered
as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UKand Republic of Ireland{FRS1021,
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
14

EMPLOYMENT RESOURCE CENTRE
Signed:
David J. Stevens
Instltute of Chartered Accountants In England and Wales
Taylor. Viney & Marlow Limited
Chartered Accountants
46-54 High Street
Ingatestone Essex CM4 9DW
Date: 10" June 2025
15

EMPLOYMENT RESOURCE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2024
Notes Designated Unrestricted
2024
2024
2023
Total Designated Unrestricted
2025
Total
Incoming resources
Donations
409,951
409,951
266,489 266,489
Fund raising events
14,292
14,292
16,187
16,187
Bank interest received
5,869
5,869
3.726
3.726
Total incoming resources
430,112
430,112
286,402 286,402
Resources expended
Charitable expenditure
Fund raisino activities
6,805
6,805
8,109
8,109
Professional services
45,998
45,998
38,137
38,137
Management &
Administration
327,276
327,276
355,434 355,434
Total resources expended
380,079
380,079
401,680 401,680
Funds brought forward
172,603
172,603
287,881 287,881
Net movement in funds
50,033
50,033
{115,278) 1115,2781
Transfer between funds
Total funds carried forward9
222,636
222,636
172,603 172,603
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
16

EMPLOYMENT RESOURCE CENTRE
BALANCESHEET AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed Assets
Tangible assets
44,991
8,157
Current Assets
Debtors
Cash and bank
26,854
175,745
14,217
184,577
202,599
198,594
Creditors
Amounts falling
due within one year
124,9541
134,148)
Net current assets
177,645
164,446
Net assets
222,636
172,603
Charity Funds
Unrestricted tunds
222,636
172,603
Members funds
222,636
172,603
17

EMPLOYMENT RESOURCE CENTRE
BALANCE SHEET ICONTINUED) AS AT 31 DECEMBER 2024
In preparing these financial statements
al The Trustees are of the opinion that the company is entitled to the exemption from audit conferred
by Section 477 of the Companies Act 2006
b) No notice has been deposited undersection 476 of the Companies Act 2006 and
cl The Trustees acknowledge their responsibilities for
ensuring that the company keeps accounting records which comply with Section 386 of the
Companies Act 2006
preparing accounts which give a true and fair view of the state of affairs of the company as
at the end of the financial year and of its profit or loss for the financial year in accordance
with Sections 394 and 395 and which otherwise comply with the requirements of this Act
relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
These f inancial statements were approved by the Trustees on 21$1 May 2025.
Michael Beral- Chair
Peter Musgrave - Trustee
Company Registration No. 05211299
18

EMPLOYMENT RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED31 DECEMBER 2024
Accounting Policies
General information and basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with 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 IFRS 102) issued in October
2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
IFRS1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Acoepted Accounting
Practice.
The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash
flow statement on the grounds that it is applying FRS102 Section lA.
The financial statements have been prepared to give a'true and fairf view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a'true and
fair view,. This departure has involved following the Accounting and Reporting by Charities: Statenient
of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019
rather than the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 2005 which has since been withdrawn.
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 £.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.
19

EMPLOYMENT RESOURCE CENTRE
1.2 Income
al Income is recognised in the year to which it relates. Income is deferred only when the Trust has to
fulfil conditions before becoming entitled to it or when the donor has specified that the income is
to be expended in a future period.
b) Voluntary income is received by way of donations and gifts and is included in the Statement of
Financial Activities when receivable. The income from fundraising ventures is shown gross, with
the associated costs included in fundraising costs.
Fundraisin9 Costs
Fundraising expenditure comprises costs incurred in the staging of general fundraising events.
1.3 Costs of managing and administering the charity
Administration expenditure includes all expenditure not directly related to the charitable activity of
fundraising ventures.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimated residual value of each asset over its expected useful
lif e, as follows-
Fixtures, fittings and equipment
Leasehold improvements
3- 5 years straight line
over the term of the lease
1.5 Funds accounting
Funds held bythe Trust are:
Unrestricted general funds
these are funds that can be used in accordance with the charitable
objects at the discretion of the Trustees.
Designated funds - the Trustees may at their discretion, set aside unrestricted funds for specif ic
purposes. Referto note 9.
20

EMPLOYMENT RESOURCE CENTRE
Deficit / Surplus for the year
2024
2023
Def icit I Surplus for the year is stated after charging:
Depreciation of tangible assets
18,587
2,474
Donations, legacies and similar incoming resources
Donationsfrom individuals and trusts
409,951
266,489
21

EMPLOYMENT RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Management and Administration
2024
2023
Wages
Staff pension
Staff training
Rates and service charge
Operating lease payments
Cleaning
Light & heat
Repairs and maintenance
Insurance
Computer running costs
183,688
3,475
817
2,674
45,994
3,692
1,306
1,820
1,389
14,033
991
201,178
3,498
333
10,320
45,742
4,172
124
2,478
2,090
12,283
913
E i!
General off ice & photocopier expenses
Travelling & parking expenses
Postage, courier and delivery charges
Accountancy
Bank charges
Printing & stationery
Advertising
Telephone & Internet
Entertaining
Sundry expenses
Depreciation and Amortisation
1,170
407
5,233
534
1,384
34,379
3,694
1,751
258
18,587
260
88
5,277
974
776
56,371
3,605
1,378
1,100
2,474
327,276
355,434
Independent examiners remuneration
The independent examinerfs remuneration amounts to an independent examination fee of £4,220
12023- £4,020).
22

EMPLOYMENT RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2024
Tangible Assets
Leasehold
Improvements
Fixtures fittings
& equipment
Total
Cost
At l January 2024
Additions
Disposals
48,334
41,892
55,421
125,2261
90,226
55,421
173,5601
148,3341
As at 31 December 2024
72,087
72,087
Depreciation
At l January 2024
Charge forthe year
Eliminated on disposal
48,334
33,735
18,587
(25,2261
82,069
18,587
173,5601
148,334}
As at 31 December 2024
27,096
27,096
Net book value
As at 31 December 2024
44,991
44,991
As at 31 December 2023
8,157
8,157
All assets are used forthe charitable purposes of the Trust.
Debtors
2024
2023
Prepayments and accrued income
Other debtors
14,479
12,375
14,217
26,854
14,217
23

EMPLOYMENT RESOURCE CENTRE
NOTES TOTHE FINANCIALSTATEMENTS
FOR YEAR ENDED 31 DECEMBER 2024
Creditors: amounts falling due
within one year
2024
2023
Trade creditors
Tax and social security
Accruals
Other creditors
1,874
3,966
15,482
3,632
16,048
7,534
4,020
6,546
24,954
34,148
Funds
Unrestricted
Fund
Total
Funds
Brought forward at
l January 2024
Surplus forthe year
Transfer between funds
172,603
50,033
172,603
47,341
Total funds at 31 December 2024
222,636
219,944
10. Liability of Members
The liabilities of members are limited. The Company is limited by guarantee without any share capital.
Every member is liable to pay, if the Company is dissolved while he or she remains a member or within
12 months afterwards, up to the sum of £10 towards the costs of dissolution and liabilities incurred by
the Company while he or she was a member.
24

EMPLOYMENT RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31 DECEMBER 2024
Employees
The average number of employees during the year was as follows:_
2024
2023
Administration
No Trustees received any remuneration or other benefits during the year. There is one employee who
received total employee benef its of more than £60,000. The total remuneration of key management
personnel during the year was £60,816 {2023: £57,646).
12. Financial Commitments
As at 31 December 2024 the Company was committed to making the following payments under non-
cancellable operatin9 leases in the year to 31 December 2024:
Land and buildings
Operating leases which expire
2024
2023
Within one year
Due later one year
49,500
148,500
33,000
198,000
33,000
25