Company Registration Number: 5241249
Charity Number: 1111252
PURE INNOVATIONS LIMITED
A COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
For the year ended
31 March 2024

PURE INNOVATIONS LIMITED
Financial Statements
Year ended 31 March 2024
CONTENTS
Page
Company 1nforma.iion
Trustees, Report
2-10
Independent Auditors, Report
11-14
Statement of Financial Activities
15-16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financial Statements
19-38

PURE INNOVATIONS LIMITED
Legal and Administrative Details
Company number
5241249
Charity number
1111252
Registered office
Prospect House
Newby Road Industrial Estate
Newby Road
Hazel Grove
Stockport
SK7 5DA
Principal address
Prospect House
Newby Road Industrial Estate
Newby Road
Hazel Grove
Stockport
SK7 5DA
Trustees
Miss N Hinton
Mrs H White
Mrs L Powis
Ms J Walker
Mr P Greenhalgh
Mr C Hemin8way
Mr S Bradshaw (appointed 09101124)
Corporate Management Team
Mr S Brierley- Director of Finance
Mrs L Parrott-Bates - Chief Executive
Mr P Locke - Director of Infrastructure
Miss Monika Wieczorek-Alhatnoud- HR Director
Mrs A Noon - Director of Learnin8 and Development
Bankers
The Co-operative Bank PIC
l Balloon Street
Manchester
M4 4BE
Auditors
Mitchell Charlesworth {Auditl Limited
3rd Floor
44 Peter Street
Manchester
M2 5GP

PURE INNOVATIONS LIMITED
Trustees, Report
Year ended 31 March 2024
The trustees are pleased to present their annual directors, report together with the consolidated financial statements
of the charity and its subsidiaries for the year ending 31 March 2024 which are also prepared to meet the requirements
for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Companies Act 2006, the Memorandum and Articles of Association, and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reportin8 Standard appllcable in the UK and Republic of Ireland IFRS 102)
{effective l January 20151.
Purposes and Artlvltles
Pure Innovations aims to foster and promote for the benefit of the public, the advancement of education, the relief of
poverty and sickness and for any other charitable purposes by all or any of the following means,.
The relief of unemployment for the public benefit in such ways as may be thought fit, including assistance to
find employment.
The advancement of education, training or re-trainin& particularly amongst unemployed people and
providing unemployed people with work experience and among the providers of edu¢ati¢n, training and
work experience to beneficiaries of the Charity.
The provision or a5515tance in the provision of care and recreational facilities in the interests of social welfare
for those who by reason of their youth, age, infirmity or disablement. poverty or socièl and economic
circumstances, have need of such facllities with the objett of Improving the beneficlarles, conditions of life.
The overall aim Is to promote independence. increase choice and provide more appropriate support to people to
make the most of their capacity and potential.
Following the transfer of the undertaking from Stockport MBC Soclal Services Department on 1st July 2005, the
following activities have been developed:
Care activities- provide support for cllents rlght across the disability spectrum Includlng learnin8 disability, mental or
physlcal I sensory disability, assisting them as individuals to develop skills, independence and wellbeing as much as
posslble.
This could be undertaken within our catering service5 offer. In the four cafes which we run we offer training
opportunities in customer care, health and safety and food hygiene. We have transformed one of our previous cafes
into a space producing bread and cake supplying both our own cafes and small independent cafes in the area. All
produce is made by our cllents with a disability.
Other opportunities exist through the One Voice, which seeks to raise awareness throughout Stockport of the issues
faced by people who are from the most disadvantaged area by producing material for a community radio station. We
also have various arts,, and animation offers in various locations and we are looklng to develop and broaden these for
the benefits of the client 8roup. This has included developing a ceramics, animation and gaming offer to our client5 in
Stockport.
Throughout this document the people we support are referred to as clients, students or learners depending on the
service activity.

PURE INNOVATIONS LIMITED
Trustees, Report (Continued)
Year ended 31 March 2024
Employment Servlces- these seek to find employment for the long term unemployed and socially disadvantaged
people who are not catered for, or who have been rejected by mainstream service providers. We work in partnership
with large public sector and private sector employers to educate. encourage and support them to employ a diverse
workforce including disabled people. An important part of this service is to seek ways of retaining employment for
such people who rnay be at risk of losing their employment status. To support employers, we run disability awareness
training to the workforce free of charge - allowing them to diversify their workforce and upskill their existing
workforce.
We also deliver a variety of Education and Training courses, both accredited and non-accredited courses, including
our travel training programme which operates in several borouBhs in Greater Manchester. The approach in this area 15
to maximi5e the independence and skills ultimately increasing life chances in partnership with education providers to
ensure employment outcomes are an aspiration foryoung people with special educational needs. We deliver 11
Supported Internship sites across Greater Manchester in conjunction with large corporate and public sector
organisations to increase the number of people in employment.
Pure College became operational in September 2022 and opened its doors as a post 16 specialist college for young
people with an Education Health and Care Plan. The courses delivered aim to prepare people for independence and
employment to give them increased opportunities to secure long term employment and the necessary ski115
associated to that. Each student works towards achieving a certificate with the awarding body Open Awards. This has
allowed the charity to draw down Income from a new stream of funding from the Department of Education otherwise
only accessible to approved education providers.
Communlty Hub- we have a direct contract wlth Stockport MBCto provide a contact point for any individual in the
Borough who has a soclal need and, by use of sub-contractors or sometimes the provision of services, we provide to
meet as many of those identified needs. This preventative works aims to delay or prevent the escalation of health and
social care services, addressin8 the growing concern around loneline55 and i5013tion experienced by so many in
communities. We aim to improve individuals, wellbeing by reducing social isolation and connecting people to thelr
communities with a sense of purpose and meaning. The Community Hub offers a safe space to allow people to
tonnect meaningfully to their local communities to build a network of support and aid resilience and self-support.
The Mental Health Network contracted by Stockport MBC supports people with enduring mental health concerns to
offer community integration and connectivity with area5 of interest. The Network adopts a holistic approach to
wellbeing and health including access to complex caseworkers. thus providing a specialist coun5elling service.
The team manage several support and peer groups and additional intensive therapy-based counselling sessions - all
with the aim to allow people the resources. insight and networks of support to maintain a level of well-being-
resulting in them being less reliant on clinical interventions and prevention of escalation into intensive and costly
services and restricted provision. This work has opened opportunities to direct funding and commissioning from the
NHS.
Greater Manchester Combined Authority has contracted with us to deliver a Specialist Supported Employment
servi￿ covering the ten Greater Manchester Local Authority areas. The aim is to secure employment for people with
a mental health or learning disability diagn05iS.
We support over 300 client5 Wlth a learning disability or on the ASD spectrum across Greater Manchester to have
fulfilled days with meaning and purpose, leading to many people integrated wSthin their local communities to work in
project5 Of interest that build independence, social skills. confidence. and community engagement. Many of these
projects have become a valuable community resource and our cllents have contributed to these in many ways,

PURE INNOVATIONS LIMITED
Trustees. Report (Continued)
Year ended 31 March 2024
Public benefit
The main activities are outlined in the section above. They are all undertaken to further the charitls purpose for the
public benefit. with due regard to the Charity Commission's guidance on this subject, including the guidance "Public
benefit- running a charity {PB21."
Achievements and Performance
We provide a range of support services across Greater Manchester. Over the course of the year. we have secured
paid work for 249 people; 53 young people have been trained to Use public transport independently,. 25 young people
are on track to achieve accreditation for learning. We have 5UPPOrted 372 people in our Pure Support and care to
engage in meaningful activities and 2,293 people are better connected to their cammunities or have been supported
through our mental health network and talking therapies.
The activities provlded for the clients were in the areas of:
Arts, Pottery and Drama
Catering and Retail
Greenspace
Health and Wellbeing
Talking Therapv
Learning Programmes - Work and Life skills
Pre-Employment and Placement
Supported in-house sesslon
Supported Internship
Travel Training
Supported Employment
Health and wellbeing
Cookery and Baking
Sport and Exercise
Music and Dance
Health and Beauty
IT
Woodwork
We survey our clients on a regular basis. and some of the recent outcomes are listed below.
In our most recent venture in opening Pure College our students have told us the following:
Do you feel safe at College
100 % responded yes
You are learning at College
92 % responded yes
You are becoming more independent at College
75 % responded yes
The course is preparing you for work
83 % responded yes
You have made friends at College
100% responded yes

PURE INNOVATIONS LIMITED
Trustees, Report Ictsntlnued)
Year ended 31 March 2024
In terms of Supported Employment Servlces• people told us the following:
Do you feel that your employment goals were achieved
100% responded yes
Do you feel that you were Eiven the preparation for work
100% responded yes
Do you feel that we understood your aspiratlons and help identify yourgoals
100% responded yes
In our Support andcore provision they told us the following:
Are staff caring and kind
95% responded yes
Do you enjoy the project you attend
95% responded yes
Do you feel you're listened to and heard
100% responded yes
Our staff suThey resulted in 70% of staff completing and telling us the following".
I feel valued and recognised for the work I do
84% responded yes
We all take Health and Safety 5eriou51y
99% responded ye5
Senior leaders make the effort to listen to the team
84% responded ye5
I think I have a good balance between my work and personal life
93% responded yes
I feel the work I do at Pure p051tively impacts on clients lives
99% responded yes
I feel Pure cares about my wellbeing and mental health
92% responded yes
Pure College- established in September 2022 with 10 young people with an Education Health and Care Plan a
specialist post 16 college provision. The number of students grew to 28 students by January 2024 and has proven to
be successful meeting a gap in provision in the Stockport area. This attracts the Department for Education funding
with top up funding from the Local Authority that each student reside5 in.
Financlal revlew
We have managed to achieve another year of profitable trading. This has been achieved despite austerity measures in
the public sector continuing to impact upon most income streams of the business and this still constitutes a major
challenge for the foreseeable future.
The main sources of income are in delivery of services funded by local authorities, colleEes and through other
government contrarts. However, there Is an increasing reliance upon clients in charge of their own budgets, opting to
use that money to spend on our service delivery to them. We are seeking to provide a level of service which goes
beyond just retaining those individuals but adding to their number.
The tharitvs profit for the year (excluding pension service costs) at £204k
Outside of the underlying performance of the charity, the net movement in funds 15 also affected by actuarial
movements between years on the pension fund. Actuarial adjustments reported by Hyrnan5 Roberts LLP, the Scheme
Actuaries has resulted in a movement from a surplus of £3.665m to a surplus of £4.620m a movement of £955k, thi5
followed an increase in the reserve the previous year of £6.427m. This has arisen due to various changes In long

PURE INNOVATIONS LIMITED
Trustees, Report Icontlnuedl
Year ended 31 March 2024
term actuarial assumption5. The impact5 of these changes arising from the revision of the assumptions used by the
Actuaries are outlined in more detail in note 22 to these accounts.
The risk register identifies the major risks as being around the loss of key staff and generally high staff turnover in the
business, reduction5 in income for delivery of core services in response to public sector austerity cuts and the impact of
failures of IT systems.
We raised salary levels for our main body of operational staff by a further 10.1% from 1st April 2023, and a similar
percenta8e from 1st April 2024, in response to the identified risk and that has resulted in a better recruitment and
retention of those types of employees. We are also investing in new IT systems that will add to our operational
efficiency, although the risk of failure of those systems is a constant risk whith we continue to monitor regularly.
Pure Inslght 1628
Pure Insight is a charity within the charity of Pure Innovations Ltd. It is separately re8lStered and commenced activities
on 1st April 2014 to extend and continue to work with young people attaining adulthood in their transition to
Independence from the Social Care System. For reasons of operational efficiency, the Boards of Pure Innovations and
Pure Insight decided that the company was to become independent and this was achieved on 10th May 2023.
Reserves pollcy
Reserves are needed to bridge the gap between the Spending and receiving of income and to cover unplanned
emergencies.
The Board have determined that they wish to achieve a minimum level of reserves based upon potentlal costs of
closure and risk related Costs of terminating contracts. The current level of reserves exceeds this minimum level of
reserves, and the Board will make decisions in the coming months as to how its reserves more than the minimum may
be best utilised for the benefit of the company's beneficiaries. At the same time the Trustees are consldering what
further reserves to hold to allow for future investment.
Investment powers and pollcy
The investment approach has been reviewed to ensure that the company's cash balance5 are as secure as possible and
that an element of those balances are invested with a view to retaining their spending power after taking into account
the effect of inflation.
Plans for future periods
There has been investment in the buslness, principally in IT systems, and upgrading of properties we occupy, either bv
internal refurbishment or moving to more appropriate buildings. The intention is that this will ultimately improve our
performance and profitability, continuing to retain our existing contracts that align to our strategic objectives, bid for
work in our area of knowledge and expertise and grow new funding streams,
Research and development actlvltles of the charlty
We continue to look at Identified areas of good practice across the UK to replicate and enhance our offer and therefore
improve the outcomes for disabled and disadvantaged people in our communities.
Over the past 12 months, we have been investing in becoming a more digitally aware organisation meeting the needs
of younger people coming into our service. Our ambition is to become a paperless or8anisation as most of our work is
remote in the community and access needs to be on-line.
Our work replicates part of the governmenvs agenda of supportlng as many people as possible into employment who
are in receipt of benefits. We will pilot new initiatives to achieve this with people furthest away from the labour market.

PURE INNOVATIONS LIMITED
Trustees, Report Icontlnued)
Year ended 31 March 2024
Structure• 8overnance and management
Governlng Document
The organisation is a charitable company that is limited by guarantee. The company was incorporated on 24th
September 2004 and registered as a charity on 12th September 2005. The Company was established under a
Memorandum of A550ciation which defines the objects and powers of the charitable company and is governed under
its Articles of Association. After the end of the financial year a resolution was passed to amend the Articles Of Association
and the board of trustees have approved amended internal governance rules.
Recrultment and appolntment of Trustees
Members of the Board of Directors of the company are also charity trustees for the purposes of charity law and under
the companws Articles ofAsso¢iation are known as Trustees. Underthe requirements ofthe Memorandum and Articles
of Association trustees are appointed for a term of 3 years that can be renewed for a further 2 terms of 3 years and in
exceptional circurnstances, if 75% of the the members think that it is in the best interest of the charity. they can be
appointed for a further period.
Trustee induction and training
We have developed a trustee induction pack, and training is undertaken with the trustees in accordance with the
training plan identified followin8 annual trustee appraisals.
Reference and admlnlstratlve detalls
Reference and administrative details are shown in the legal and administrative details page of the financial statements.
Organlsation
The directors of the charitable company {the Charity) are its trustees for the purpose of Charity law and directors for
the purpose of Company law. The trustees who served the charity during the year were as follows:
Key management personnel: Trustees, and Directors
Joint Chair:
Ms N Hinton
Ms J Walker
Trustees:
Mrs H White
Mrs L Powis
Mr P Greenhalgh
Mr C Hemingway
Mr S Bradshaw (appointed 9 January 20241
th
Key management personnel: Executlve Management Team
Director of Finance
Chief Executive
Director of Infrastructure
Mr P Locke
Director of Learning and Development Mrs A Noon
HR Dirertor
Miss Monlka Wieczorek-Alhamoud
Mr S Brierley
Mrs L Parrott-Bates

PURE INNOVATIONS LIMITED
Trustees, Report Icontlnuedl
Year ended 31 March 2024
The Board of Pure Innovations meets every 8 weeks. and they are responsible for the strategit dlrectlon and policy of
the charity. A scheme of dele8ation is in place and day-to-day responsibility for the provision of services rests with the
Chief Executive and other members of the Executive Management Team. The Chief Executive has overall responsibility
for ensuring that the charitv delivers the services specified through the day-to-day operational management of the
company. and individual supervision of the other members of the Executive Management Team.
Employees and employment of disabled persons
Pure Innovations recognises Its role and responsibilities within the local community in identifying and removing those
barriers. which prevent disabled people from sharing equally in the rights, benefits, obligations and opportunities to
undertake meaningful employment. Pure Innovations actively encourages the employment of colleagues Wlth a
disability and is recognised as a Disability Confident Employer by the DWP. We have a strong track record in attractinB
and retaining people with a disability at all levels of the charity. We regularly make reasonable adjustments for new and
existing colleagues to provide holistic support to enable them to fully participate in the workplace and fulfil their
potential. At Pure Innovations, 11.5% of the current workforce identifie5 as having some form of disability. We believe
this to be a conservative figure as some employees chose not to declare their disability or do not re8ard themselves as
such.
Pure recogni5es that as a specialist employer in the local community It has the opportunity to achieve a significant
impact on opportunities for disabled people via the development of its employment policy and promotion of work-
related positive action init13tives. These help to counteract longstandlng dlsadvantages in gaining access to work and
remainin8 in employment should a person become disabled during their working lives.
Pure Innovations is committed to the creative use of existing resources and the development of imaginative initiatives
including job tasters, job trials and job carving. This is enhanced by regular staff briefings and new51etters. team
meetings, supervi5ion5 and an appraisal system which identifies training and development needs. Within the Pure group
there is an exchange of good prartice, staff attend disability awareness training and successful developments are
promoted on our website and in our Social media. Our vacancies are advertised concurrently, internally and externally
and staff are encouraged to apply for promotion when they feel ready to do so. We have a succession policy in pla
which identifies and supports those we see as the potential future leaders of the charity.
Employee Involvement
Involving all employee5 is fundamental to howthe Company operates, With open communication at all levels. The group
systematically provide5 employees with information on matter5 of concern to them. consulting them or their
representatives regularly, so that their views can be taken into account when making decisions that are likely to affect
them.
Employee involvement is encouraged. as achieving a common awareness on the part of all employees of the financial
and economic factors affecting the concern plays a major role in maintaining and growing its position.
New employees attend an induction process during the early days of their employment. Included within the induction
phase is a session on the companvs values which underpin5 the companV5 approach to staff, volunteers and service
users. Pure's values are as follows:
Respectful .-...
Responsive.....
A5pirational
Inclusive
Always treat people the way you would wish to be treated no matter what the situation.
By listening to others, we solve problem5 by finding 501ution5.
Achieve the best possible outcomes by continually improving what we do.
We are welcoming and involve all in what we do.

PURE INNOVATIONS LIMITED
Trustees, Report (Continued)
Year ended 31 March 2024
Pay policy for senior staff
The pay of the Executlve Management Team has been determined by the Board of Directors.
Related partles and co-operatlon wlth olher orBanlsatlons
Helen White Is director of a marketing organSsation to whlch Pure Innovations pays a small annual subscription, none
of our trustees receive remuneration or other benefit from their work with the charity.
We have several partnership links outside of the contractual relationships identified above, these partnerships links are
with a wide variety of organisations who we work in collaboration with.
Rlsk management
A risk register ha5 been prepared u5inE Charity Commission guidance on the subject. These have been approved by
the Board of Trustees and amended (where appropriatel to changes in the organisation and also in external factors.
The risks are identified along with the potential impact and the steps to rnitigate risk. Each risk is then scored by using
the formula {a+b+bl where a - Likelihood and b- Potential impact, and those with a deemed high 5COTe are subject to
review and action to monitor the major risks.
Trustee￿ responslbllltles In relatlon to the financlal statements
The charity trustees (who are also directors for the purpose of company lawl are responsible for preparing a trustees,
annual report and financlal statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires charity tru5tee5 to prepare financial 5tatement5 for each year which give a true and fair view of
the state of affairs of the charitable company and the group and of the incoming resources and application of resources,
includin8 the income and expenditure, of the charitable group for that period. In preparing the financial staternent5, the
trustees are required to:
Select suitable accounting policie5 and then apply them consistently
Observe the method5 and principle5 in the Charities SORP
Makejudgements 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 statement5 On the going concern basis unless It is inappropriate to assume that the
company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuraty at any time
the financial position of the charity and to enable them to ensure that the financial statement5 comply with the
Companies Act 2006. They are also responsible for safeguardlng the assets of the charity and the group and hence taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are re5pon5ible for the maintenance and integrity of the corporate and financial information included on
the charitable companvs webslte. Legis5ation in the United Kingdom in governing the preparation and dissemination of
financial statements may differ frorn le8islation in other jurisdictions.

PURE INNOVATIONS LIMITED
Trustees, Report {Contlnuedl
Year ended 31 March 2024
Auditor
Mitchell Charlesworth were appointed as auditor at the last AGM in April 2024 and in accordance with Section 485 of
the Companies Ad 2006, a resolution proposing their re-appointment will be put forward to the next General Meetin8.
Statement as to dlsclosure to our audltors
In so far as the trustees are aware at the tlme of approving our trustees, annual report:
There is no relevant information, being information needed by the auditor in connection with preparing their
report, of which the group's auditors is unaware; and
The trustees. having made enqulries of fellow directors and the group's auditor that they ought to have
individually taken, have each taken all steps that he/she 15 obliged to take as a director in order to make
themselves aware of any relevant audlt information and to establish that the auditor is aware of that
information.
By order of the trustees
N Hinton
Trustee
Date
- £02*
10 I Page

PURE INNOVATIONS LIMITED
Independent Auditor's Report to the Members of Pure Innovations Lirnited
Year ended 31 March 2023
Opinlon
We have audited the financial statements of Pure Innovations Limited for the year ended 31 March 2024 which comprise
the Statement of Financial Activities, the Balance Sheet and Statement of Cashflows and notes to the financial
statement5, including a Summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Stondard opplicable in the UK ond Republic of Irel¢ind (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity'5 affairs as at 31 March 2024, and of the charitvs incoming
resources and application of re50urce5 for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with the requirements of the Companie5 Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standard5 on Auditing IUKI IISAS (UK)) and appllcable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial
statements section of our report. We are independent of the charltable company in accordance with the ethical
requirements that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance wlth these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon.
Conclusions relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate,
Based on thework we have performed, we have not identified anymaterial uncertainties relatingtoevents orconditions
that. individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for
a period of at least twelve months from when the financial statement5 are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relèvant
sections of this report.
Other information
The other information comprises the informalion included in the trustees, annual report, other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other information contained within
the annual report. Our opinion on the financial statements does not cover the other information and. except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material incon5i5ten¢ies or apparent material misstatements. we are required to
determine whether there is a material misstatement in the financial Statements or a material misstatement of the other
information. If, based on the work we have performed. we conclude that there is a material misstatement of thls other
information. we are required to report that fact.
We have nothing to report in this regard.

PURE INNOVATIONS LIMITED
Independent Auditor's Report to the Members of Pure Innovations Limited
Year ended 31 March 2023
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulation5 2008 require u5 to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the tru5tees' report.
sufficient accounting records have not been kept.
the parent charitls financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the trustees, responsibilities statement the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine Is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a
going concern, disc105ingi a5 applicable, matter5 related to going concern and using the going concern ba515 of
accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operation5. or have
no realistic alternative but to do so.
Auditorf5 responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2022 and report in accordance with
regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or Èrror, and to issue an auditor's report that includes our oplnion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS IUK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
declslons of users taken on the basis of these financial statements.
Details of the extent to which the audit was considered capable of detecting irregularitie5, including fraud and non-
compliance with laws and re8ulatlons are set out below.
Extent to whlch the audlt was consldered capable of detertlng Irregularltles, Includlng fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
Identifylng and assesslng potentlal rlsks related to Irregularltles
In identifying and a55essing risks of material misstatement in respect of irregularitie5, including fraud and non-
compliance with the laws and regulations, we considered the following-
121 Page

PURE INNOVATIONS LIMITED
Independent Auditor's Report to the Members of Pure Innovations Llmlted
Year ended 31 March 2023
Audit response to risks Identlfled
the nature ofthe sector, control environment and business performance.
results of our enquiries of management about their own identification and assessment of the risks of
irregularities.
any matters we identified having obtained and reviewed the Companws documentation of their policies and
procedures relating to the identifying, evaluatingi and complying with laws and regulations and whether they
were aware of any instances of noncompliance. Detecting and responding to the risks of fraud and whetherthey
have knowledge of any actual, suspected. or alleged fraud and the internal controls established to mitigate risks
of fraud or non-compliance with laws and regulations.
the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunitie5 and incentives that may exist within the organisation
for fraud and identified the greatest potential for fraud in relation to the correct treatment of grant income, including
the correct use of restricted funds and any grant income due to be repaid to funders as a result of financial or
performance-based condition5 imposed, not being achieved. In common with all audits under ISAS IUKI, we are also
required to perform specific procedure5 to respond to the risk of management override and we identified risk in relation
to the posting of unusual journals and the manipulation of accounting estimates.
We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on
provisions of those laws and regulation5 that had a direct effett on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included
Safeguardin& 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 1021 (effective l January 20191, the Financial Reporting Standard applicable in the UK IFRS 1021, and the
Companies Act 2006.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statements but compliance wlth whlch may be fundamental to the company's ability to operate or to avoid a material
penalty. These included Data Protection Regulation5.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at.. http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditorf5 report.
Audil re5pon5e to risks identified
As a result of performing the above, we identified the recognition of revenue as the key audit matter related to the
potential risk of fraud.
In addition to the above, Dur procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testingto supporting documentation to assess compliance with
relevant laws and regulations described above as having a direct effect on the financial statements.
enquiring of management and members of the board concerning actual and potential litigation and claims.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud.
reading minutes of meetings of th05e charged with governance and reviewin8 correspondence with relevant
authorities where matters identified were significant; and
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments: assessing whether the judgements made in making accounting estimates are
indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are
unusual or outside the normal course of busine55.

PURE INNOVATIONS LIMITED
Independent Auditor's Report to the Members of Pure Innovations Limited
Year ended 31 March 2023
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-¢ompliance with laws and regulations throughout the
audit.
Use of our report
This report is made solely to the chariws trustees, as a body, in accordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charit¢s tru5tee5 those
matters we are required to state to them in an auditor's report and for no other purpose.To the fullest extent permitted
by law, we do not accept or assume responsibilityto anyone otherthan the charity and the charity's trustees as a bodyi
for our audit work, for thls report, or for the opinions we have formed.
18 December 2024
Allson Buckley Isenlor Statutory Audltor)
For and on behalf of Mitchell Charle5WOrth (Audit) Limited
3 Floor
44 Peter Street
Manchester
M2 5GP
Statutory Auditor
Mitchell Charle5WOrth IAuditl Limited is eligible to act an auditor in terms of section 1212 of the Companies Act 2006.
141 Page

PURE INNOVATIONS LIMITED
Statement of Flnanclal Actlvitles (incorporating income and expendlture account)
Current Year- Year ended 31 March 2024
Unrestricted Restricted
Funds
Funds
Totsl
Fund5
2024
Notes
Pension
Income
Donations and legacies
Other trading income
Income from charitable activities:
Provision of core. employment,
cotering & otherservices
8.444,457
8.444,457
Investment Incorne
49,580
173,000
222,580
Total income
8,494,037
173,000
8,667,037
Expenditure
Expenditure on charitable activities:
Provision of core, employmen¢
¢otering & other seTvice5
8.289.586
47,000
8,336.586
Total expendlture
8,289,586
47,000
8,336,586
Net Incomlng resources before
other recognised gains and losses
204ASI
126,000
330,451
Other recognised losses
li
{286,426) (275,854)
1562,2801
Net incoming resources before
other recognlsed 8alns and losses
(81,975) (275,854)
126,000
{231,8291
Actuarial profit on defined benefit
pension scheme
829,000
829,000
Net movement in funds
181,9751 (275,854)
955,000
597,171
Total funds brought forward
3,134,494
275,854
3,665,000
7,075,348
Total funds carrled forward
3,052,519
4,620,000
7,672,519
The Statement of Financial Activities includes all gains and losses in the year.

PURE INNOVATIONS LIMITED
ststement of Flnancial Activities (incorporating income and expendlture account)
Prior Year- Year ended 31 March 2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
Notes
Pension
Income
Donations and legacies
Job retention scheme grant
Other trading income
13,008
13,008
2,778
2,778
Income from charitable activities:
Provision of core, employment,
cotering & other seNices
7,427,390
573,330
8,000,720
Investment Income
11,619
11,619
Total Income
7,454,795
573,330
8.028,125
Expendlture
Expendlture on charitable activities:
Provision of care, employment,
cotering & otherseNices
7,313,184
524,392
203,000
8,040,576
Total expenditure
7,313,184
524,392
203,000
8,040.576
Net incomlngl(outgolng) reSoUr￿S
before other recognised galns and
losses
141,611
48,938
(203,000)
(12,4511
Actuarial profit on defined benefit
pension scheme
6.427.000 6,427,000
Net movement In funds
141,611
48,938
6,224,000
6,414,549
Net transfer between funds
Total funds brought forward
2,992,883
226,916 12,559,000)
660,799
Total funds carried forward
3,134,494
275,854
3,665,000
7,075.348
The Statement of Financial Activities includes all gains and losses in the year.

PURE INNOVATIONS LIMITED
Balance Sheet
Year ended 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
15
16
439,185
213,002
503.401
388,136
652,187
891,537
Current assets
Stocks
Debtors
Investments
Cash at bank and in hand
17
18
19
57,871
2.018,286
19,435
825,686
53,633
1.240,561
3,895
1,794,428
2,921,278
3.092,517
Creditors.. amounts falling due within one
year
20
(520,946)
{573,7061
Wet current assets
2AOO,332
2,518,811
Totsl assets less current liabilities
3,052.519
3,410,348
Defined benefit pension scheme
assetllliabilityl
22
4.620.000
3,665.000
Total net assets
7.672,519
7.075.348
Funds
Unrestricted funds:
General
Pension fund reserve
23
23
3.052,519
4.620.000
3.134.494
3.665.000
Total funds
7,672,519
6.799.494
Restricted funds
24
275,854
7.672,519
7.075.348
These financial statements were approved by the members of the committee on ...................... and are slgned on their
behalF by:
N Hinton
Trustee
Company Registration No. 5241249 (England and Wales)
171 PaEe

PURE INNOVATIONS LIMITED
Consolidated Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Notes
Cash flows from operating artivities
Cash generated in operating activities
26
(1,006,707)
261,692
Cash used In Investing activities
Purchase of tanEible fixed assets
Disposal proceeds of tangible fixed assets
Disposal of Investments
Purchase of Investments
Interest income
(195,798)
{272,7431
37,635
267,496
{83,3131
49,580
1400,0001
11,619
Net cash used In investing activities
37,965
(623,489)
Net increase in cash and cash equivalents
1968.7421
1361,7971
Cash and cash equivalents at beginning of
year
1,794,428
2.156.225
Cash and cash equivalents at end of year
825.686
1,794,428

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Company Informatlon
Pure Innovations Limited is a private company limited by guarantee and incorporated in England and Wale5. The
registered office is Unit 5, Station View, Hazel Grove, Stockport, SK7 SER.
ounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty In the
preparation of the financial statements are as follows:
Basis of preparation
Thefinancial statements have been prepared in accordancewlth thecharity's governing document, the Companies
Act 2006 and "Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of
Ireland (FRS 1021 (effective l January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, whlch Is the functional currenry of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accountin8
policies adopted are set out below.
Going concern
The Trustees have assessed whether the use of going concern is appropriate i.e. whether there are any material
uncertaintie5 related to events or conditions that may cast Sl8nificant doubt on the ability of the Charity to continue
as a going concern.
The Trustees have considered the level of funds held and the expected level of income and expenditure for 12
months from authorisinB these financial statements. The budgeted Income and expenditure are sufficientwith the
level of reserves for the charity to be able to continue as a going concern.
Having regard to these matters the Trustees consider it appropriate to prepare the financlal statements on a going
concern basis.
Income
Income is the amount derived from the provision of goods/services and stated after trade discounts, other sales
taxes, and VAT where applicable.
Income is recognised when the charity has entltlement to the funds, any performance conditions attached to the
itemlsl of income have been met, it 15 probable that the income will be received, and the amount can be measured
reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the
charity has entitlement to the funds, any performance conditions attached to the grants have been met, it Is
probable that the income will be received, and the amount can be measured reliably and is not deferred. Grants
are deferred to future perlods only when this is specified by the funder or other preconditions of the grant are not
vet met.
Investment income is recognised on a receivable basis.

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Accountlng Pollcles Icor*tlnuedl
Expenditure
Expendlture is recognised once there is a legal or constructive obligation to make a payment to a third party, it is
probable that settlement will be requlred, and the amount of the obligatlon can be measured reliably. Expenditure
is classified under the following activity headin85:
Costs of raising funds are the direct and indirect costs of raising funds for charitable purposes, including
applying for grants.
Charitable activities include expenditure associated with the delivery of its activities and services provided
for its beneficiaries and include both the direct costs and support costs relating to these activities.
Support costs include central functions and have been allocated to activity cost categorie5 directly as well
as indirectly, based on an appropriate basis a5 detailed in the accounts.
Other expenditure represents those items not fallin8 into any other heading.
Funds structure
Restricted funds are funds subjett to specific restrictive conditions imposed by the donor or by the purpose
of the contract I monies received. The purpose and use of restricted funds is set out in note 26 to the
financial statements.
General funds are unrestricted funds, which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity.
Designated funds are funds which have been allocated or de5i8nated for specific purposes by the charity
out of unrestricted fund5.
Volunteers
The value of services provided by volunteers is not included In the financial statements.
Donated good5, services, and facilities
On any occasion where goods and service5 are provided to the charity as a donation that would normally be
purchased from our suppliers. this contribution 15 included in the financial statements at an estimate based on the
value of the contribution to the charity. Any goods given to the charity and held for stock are only recognised in
the year that the goods are distributed or used.
Tangible fiKed a55ets
All fixed a55ets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an a55et, less
its estimated residual value. over the useful economic life of that asset as follows..
IT equipment
Catering equipment
Fixtures and fittings
Leasehold improvements
Motor vehicles
33% of cost
20% of cost
25133% of cost
10120% of cost
33% of cost

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Accounting Policies IcontinuÈdl
Flxed asset inve5tment5
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The
statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout
the year.
The Charity does not acquire put options. derivatives, or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets
due to wider economic conditions, the attitude of investors to investment rlsk, and changes in sentiment
concerning equities and within particular sectors or sub sectors.
Stocks
Stock is included at the lower of cost or net realisable value.
Penslons
The company operates two penslon schemes for employees.
Employees of Pure Innovations Limlted have been eligible to join the Greater Manchester Penslon Fund, which is
a defined benefit scheme. It is funded by contributions from employees and the Company as an employer. The
assets of the scheme are held separately in a fund administered for the benefit of Local Authority employees and
those other scheduled bodies.
Following auto enrolment. the charity a150 operates a defined contribution pension scheme operated by NESt. The
assets of the scheme are held separately from those of the charity in an independently fully managed and
administered fund. The amount charged represents the contributions payable to the Scheme in respect of the
accounting period.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepald net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short-term maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provi5i0ns
Creditors and provisions are recogni5ed where the charity has a present obligation resultinE 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
measuied or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Flnanclal instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instrument5 are initially recognised at transaction value and subsequently measured at thelr
settlement value with the exception of bank loans which are subsequently measured at amorti5ed cost using the
effective interest method.

PURE INNOVATIONS LIMITED
Notes to the Financlal Statements
Year ended 31 March 2024
Legal ststvs of the Charity
The company is limited by guarantee and all members have agreed to contribute an amount not exceeding £1 in
the event of a winding up. The number of members at the year-end was 6 (2023.. 81.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabllitles that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period. Dr in the
period of the revision and future periods where the revision affects both current and future periods.
Donations and le8acle5
Unrestricted
Funds
Restrlcted Total Funds Unrestricted
Funds
2024
Funds
Restricted Total Fund5
Funds
2023
Appeals and donation5
13,008
13,008
Other tradlng Income
Unrestricted
Funds
Restrirted Total Funds Unrestricted
Funds
2024
Funds
Restricted Total Funds
Funds
2023
Commercial trading
operations:
Other Services
2,778
2,778
2,778
2,778
Income from charltable
actlvities
Unrestrlcted
Funds
Restrlcted Total Funds Unrestricted
Funds
2024
Funds
Restricted
Funds
Total Fund5
2023
Care services
Supported employment
Catering
Other activities
3,254,598
3,632.378
1,115,259
442.222
3,254,598
3.632.378
1,115,259
442,222
3,260,731
2,747,820
977,284
441,555
573,330
3,834,061
2,747,820
977,284
441,555
8,444,457
8.444,457
7,427,390
573,330
8,000,720

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment income
Pension finance income
49,580
173,000
49.580
173,000
11,619
11,619
222,580
222,580
11,619
11,619
The investment income arises from interest bearing deposit accounts.
Analysis of expenditure on charltable actlvltles- current year
Care
Services
Employment
Support
other
Actfvftles
Total
2024
Caterlng
Payroll, and wage costs
Pension service cost
Cost of sales and
kitchen equipment
Premises costs
General administration
Travel and Subsistence
Equipment
Depreciation
Pure Insight costs
Professional includlng IT
Support costs (note 10)
Governance
1,851,731
18,135
2,893,412
20,240
662,762
6,215
287,216
2,410
5,695,121
47,000
10,996
189A15
57,620
63,526
9,552
519,619
169,215
6,191
4,140
21,730
530,615
415,909
78,891
137,814
38,125
8,832
50,701
13,030
66,892
6,566
8,832
6,578
2,050
3,256
277
443
508,229
5,994
29.741
567,221
6.690
19.345
174,155
2,054
2.061
67,549
797
51.590
1,317,154
15.535
2,715,641
3,663,325
1,585,426
372,194
8,336,586
Expenditure on charitable activities was £8,336,58612023: £8,040,576) of which £8,336,58612023: £7,516,184)
was unrestricted and £Nil12023: £524,392) was restricted

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Anatysls of expenditure on charitable artivities- prior year
Care Employment
Services
Support
Other
Activities
Insight
1628
Total
2024
Catering
Payroll, and wage costs
Pension service cost
Cost of sales and kltchen
equipment
Premises costs
General administration
Travel and subsistence
Equipment
Depreciation
Pure Insight 1628 costs
Professional including IT
Support costs Inote 101
Governance
1,651.017
85,763
2,161.835
77,916
639.117
27,711
271.352
11,610
4,723,321
203,000
4,120
203,735
51,004
65.800
8,383
457,878
119,719
8,329
1,533
13,360
461,998
358,186
79,796
118,801
25,270
2,552
735.418
35,434
1.278.249
18,551
30.568
18,771
48.354
2,955
2,552
4,164
1,692
3,114
572
735.418
592
540,032
7,837
13,831
490,619
7,120
17,407
174,492
2,532
3,604
73,106
1,062
2,618,283
2,854.521
1,462,078
370.276
735.418
8,040,576
241 Pa8e

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
10. Analysis of support COSts- current year
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the
governance funrtion. Having identified its governance costs, these along with the remaining support costs. are
attributea to the key charitable activities. These are allocated on a basis consistent with the income derived from
the individual activities. Allocation between individual activities under any other basis is considered impracticable.
Employment
Support
Other
Actlvltles
Total
2024
Care Services
Caterlng
Centralsupport costs..
Payroll, and wages costs
Cost of sales and kitchen equipment
Premises costs
General administration
Travel and subsistence
Equipment
Depreciation
Professional including IT
Marketing
Irrecoverable VAT
Re-organi5ation c05ts
236,185
263,600
80,934
31,391
612,110
15
124,510
35￿32
I1￿94
15.538
231.902
215,973
48,043
13,826
53,619
15,430
5,122
6,691
99,867
93.007
16N63
4,738
1,573
2,055
30,662
18.556
6,385
1,838
610
797
11093
11.076
5,995
89,480
83.334
21.086
5,685
23,533
6.345
7.225
1,948
2,803
755
54,647
14.733
Governance costs:
Audit
5,994
6,690
2,054
797
15,535
514,223
573,910
176,210
68,346
1,332,689
Analysls of support costs - prior year
Employment
Support
Othèr
Activities
Total
2023
Care Services
Catering
Centrol support COSts.'
Payroll, and wages cost5
Cost of sales and kitchen equipment
Premises costs
General administration
Travel and subsistence
Equipment
Depreciation
Professional including IT
Marketin8
Irrecoverable VAT
R&organisation costs
254,759
125)
51,404
31,522
5,999
5.582
98,728
65,117
231.449
{231
46,700
28,638
5,450
5,071
89,694
59,159
82,317
181
16,609
10,185
1,938
1,804
31,900
21,040
34,488
14>
6,959
4.267
812
756
13,365
8,815
603,013
{60)
121,672
74,612
14,199
13,213
233,687
154,131
22,970
3,976
20,869
3.612
7,422
1.285
3,110
538
54,371
9,411
540,032
490,619
174,492
73,106
1,278.249
Governance costs.,
Audit
7,837
7.120
2,532
1,062
18,551
547,869
497,739
177,024
74,168
1,296,8iJ)
251Page

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
ii.
Net incomellexpenditure) for the year
2024
2023
This is stated after charging:
Depreciation
Auditor's fees - for audit serwices
for financial statements
Other recognised losses
240.734
13,000
1,500
562,280
242,018
13.925
2,250
The other recognised losses relates to the transfer of the Pure Insight 1628 funds
to the separate charity which carries on this work.
12.
Analysis of staff costs, trustees. remuneratlon and the cost of key management
personnel
2024
2023
Wages, salaries, and other staffing costs
Social security costs
Pension costs (including service c05t}
5,685,623
429,067
239.541
4,787,932
351,810
389.592
6,354,231
5,529,334
Pension funding within the Statement of Financial Activities includes £47,000 {2023: £203,(XsOI in relation to the
current Service cost a5 included in the pension scheme note.
Two employee's12023.' one) had emoluments in excess of £60,00012023,' £60,000). These employee5 fell into
the following pay bands:
2024
No
2023
No
£60,OCKJ - £69,999
£70,OCM) - £79,999
The key management personnel of the charity comprise the trustees and the Corporate Management Team. The
total company employee benefits of the key management personnel of the Trust were £353,440 12023:
£302.525).
A strong team of volunteers that support our operations have given their time in the period. No value has been
attributed to volunteer time.
13.
Staff numbers
The average monthly number of full time employed by the charity during the year was:
2024
No
2023
No
Z57
225

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
14.
Corporation tax
As a charity, the company is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988
or Sectlon 256 of the Taxation of Chargeable Gains Act 1992 to the extent they are applied to its charitable
objectives. No corporation tax charge for the period was incurred by any of the trading subsidiaries and on this
basis no provision has been made for corporation tax.
15.
Tangible fixed assets
Caterlng Fixtures and
Leasehold
Equipment
Fittings Improvements
Motor
Vehicles
Systems
Total
Cost
At 1st April 2023
Additions
Disposals
Transfer Pure Ins18ht
319,178
63,623
127,4311
115,5961
268.415
36,857
142.4311
61,801
189,169
64,239
306,522
22,675
135,752)
119.999)
1,145,085
195.798
1119,7021
145,3511
114.088)
(9,7561
At 31 March 2024
339,774
262￿41
46,361
253A08
273,446
1,175,830
Depreclatlon
At 1st April 2023
Charge for the year
Eliminated on disposal
Transfer Pure Insight
170,386
82,435
{27,4311
(12,556)
202,694
43,781
{42,431)
43,731
8,842
114,0881
13,3881
54,023
40,623
170.850
65,053
135.752}
110,127}
641.684
240.734
1119,7021
126.0711
At 31st March 2024
212.834
204,044
35,097
94,646
190,024
736.645
Net book value
At 31st March 2024
126,940
58,797
11,264
158,762
83,422
439,185
At 31st March 2023
148,792
65,721
18,070
135,146
135,672
503,401
16.
Investments
2024
2023
Market value at l April 2023
Additions at cost
Disposals at market value
Net {loss) on revaluation
388,136
83313
1267.496)
9,049
400.000
111,864)
Market value at 31 March 2024
213,002
388.136
All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in
quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts
and open-ended investment companies are at the bid pri￿. The basis of fair value for quoted investments is
equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade
at cost (that is their transaction value).
The significance of financial instruments to the ongoing financial sustainability of the Charity 15 considered in the
financial review and investment policy and performance sections of the Trustees, Annual Report.

PURE INNOVATIONS LIMITED
Notes to the Flnanclal Statements
Year ended 31 March 2024
17.
Stock
2024
2023
Goods for resale
57,871
53.633
57,871
53,633
18.
Debtors
2024
2023
Trade debtors
Other debtors and prepayments
1.124,3SO
893,936
613.323
627,238
2,018,286
1,240,561
19.
Current asset investments
2024
2023
Cash on short-term deposlts
19,435
3,895
19,435
3,895
20.
Credltors: amounts fallln£ due within one year
2024
2023
Trade creditors
other taxes and social security
other creditors and accruals
139.645
130,837
250N64
114,094
102,885
356,727
520,946
573,706
21.
Commltments under operating leases
The company leases its main buslness premises, several café premises and other equipment under formal
operating leases. The lease agreement5 terminate between 2021 and 2026. At 31 March 2024 the company had
annual commitments under non-cancellable operating lease5 a5 set out below.
2024
2023
Land & buildings
Operating leases which expire:
Within l year
Within 2 to 5 years
234.173
277,833
222,114
416,383
512,006
638,497

PURE INNOVATIONS LIMITED
Notes to the Financlal Statements
Year ended 31 March 2024
22.
Retirement beneflt schemes
Defined cohtrlbutlon scheme- NEsr
New employees ofthe company are only able to join the National Employment Savings Trust (NEST) pension
scheme. Under current legislations employees not in the GMPF are automatically enrolled into NEST unless they
have exertised their right to opt out of scheme membership. This is a defined contribution pension scheme for
all qualifying employees. The assets of the scheme are held separately from those of the company in an
independently administered fund. The employee and employer contributions are 3% for employees and 5% for
employers in 2024. Employer's contributions of £113.75012023 - £98.0001 have been paid to thi5 scheme in tho
year.
Defined beneflt schemes- GMPF
The company operates a defined benefit scheme for employees. The scheme is an admitted body to the Greater
Manchester Pension Fund. The GMPF scheme is a local government pension scheme and is administered by
Tame5ide Metropolitan Borough in accordance with the Local Government Pension Scheme regulations. The
assets of the scheme are held separatelyfrom those of the company. The contributions tothe scheme are charged
to the statement of financial activities so as to spread the costs of pensions over the Service lives of the employees.
Variations from the regular costs are spread over the average expected remaining working lives of current
members of the scheme.
Members of the scheme may also contribute added years to that scheme or take out an Additional Voluntary
Contribution Stheme, each of which is funded by the employee alone.
Members of theGMPF accrue an indexed linked pension of ty80 of the best of the last 3 years pensionable5ervice
for each year of service. Additlonal benefits include a lump sum on retirement, continued Ireducedl pensions for
a spouse on death of a member and benefits for dependents on death or permanent incapacity. service.
The latest formal valuation of the scheme for the purposes of setting employers, actual contributions was on 31
March 2024.
Contribution5 to the scheme have been made during 2024 at rates that have been recommended by GMPF
actuarial advisors. These are:
Employee- Banded rate based on pensionable earnings between 5.5% and 8.5%
Employerfs- 18.7% of pensionable earnings
When the company joined GMPF on l July 2005 there wa5 4 transfer of employees from Stockport MBC. The
transfer of pension arrangements was on a fully funded basis i.e. there wa5 no transfer of deficit in the Fund
attributable to the tran5ferrin8 employees {on the onBoin8 valuation basis) from Stockport MBC. It should be noted
that the year-end valuation calculated under FRS17, showed a variation from the initial valuation which was made
using a differing accountlng conventlon.
The valuation In these financial statements assumes a notional re-allocation of assets in the Fund from Stockport
MBC to Pure Innovations Limited on this basis.
Financial Assumptions
2024
%pa
2023
%pa
The key financial assumptlons used are:
Inflation/penslon increases
Salary Increases
Discount rate
2.75%
2.95Yo
3.55%
3.75%
4.85%
4.75%

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
22.
Retirement benefit schemes (tontinued}
Mortality Assumptlons
2024
Years
2023
Years
The period of pension drawdown:
Currerrt
Future
Current
Future
Male
Female
20.2
21.1
20.4
21.3
24.4
25.3
24.6
25.5
Key assumptlons
Life expectancy
Life expectancy is based on the CMI 2021 model with a OY• weighting of 2021 land 20201 data, standard smoothing
Isk71, initial adjustment of 0.25Yo and a long-term rate of improvement of 1.5Yo pa.
An allowance is included for future retirements to elect to take 50% of the maximum additional tax-free cash up
to HMRC limits.
Discount rates
In accordance with FRS 102 the discount rate used to place a value on the liabllitles should be determined by
reference to market yields on high quality corporate bonds at the reporting date. In addition, the currency and
term of the high-quality corporate bonds used to set the discount rate should be conslstent with the currency and
term of the obligations.
Government bond yield curve5 are updated and available on a daily basis from the Bank of En8land. It is therefore
relatively easy to identify a 5POt yield on Government bonds at any duration and at any date. Unfortunately, a
similarly accessible corporate bond yield curNe is not so readily available.
The discount rate should reflect the 'term' of the benefit obllgation. 'Terrn' has been interpreted as the welghted
average duration of the benefit obligation. This is broadly defined as 'the welghted average time until payment of
all expected future discounted cashflows, determined based on memberships and the financlal and demographic
assumption5 at a particular tlme, The shorter the duration, the more'mature, the employer.
Retail Prices Inflation
This assumption is typically derived from yields available on fixed interest and index linked Government bond5 and
should be consistent with the derivation of the discount rate.
Pension increa5e5
The pension increase assumption is set in line with the Consumer Prices Index (CPI) assumption. As a market In CPI
linked bonds does not exist. Therefore, it is necessary to estimate the lon8-term gap between RPI and CPI in order
to derive a CPI assumptlon for accounting purposes.
Solary growth
The assumption is generally con5i5tent with the most recent actuarial valuatlon. An additional allowance for
promotional salary Increases is also made.
301 Page

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
22.
Retirement benefit schemes Icontinuedl
Scheme
Assets
Scheme
Llabllltles
Net Pension
Llability
Shown In the Statement of Flnanclal ArtiVit￿5
Current year
Service c05t
Current service cost
Past service cost
1109,000)
121,000)
(109,000
121,0001
Total servlce costs
{130,000)
(130.0001
Net Interest
Interest income on plan assets
Interest cost on defined benefit obligation
776.000
776,000
(603,000)
(603,000)
Total net Interest
776,000
1603,000)
173,000
Cashflows
Employerfs contributions
Member5, contributions
Benefits paid
83,000
28,000
1375,0001
83,000
(28.0001
375,000
Total tashflows
(264.000)
347,000
83,000
Total costs in Statement of Financlal Actlvltles
512.000
1386,000)
126,000
Opening position at l April 2023
16,461,000
112,796,000)
3,665,000
Changes in financial assumptions
Changes In demographic assumptions
Other experience
Return on assets excludin8 net interest
772,000
79,000
{418,0001
772.000
79,000
(418,000)
396.000
396.000
Total remeasurements recognlsed In OCI
16,857,000
112,363,000)
4,494,000
Closlng posltlon at 31 March 2024
17,369,000
(12,749,000)
4,620.000

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
22.
Retirement benefit schemes IcontinuÈdl
Scheme
Assets
Scheme
Liabilities
Net Pension
Liability
Shown In the Statement OA Flnonclal Artivftles
Prior yeor
SeNice cost
Current service cost
1229,000}
{229,000)
Total service costs
1229,0001
(229.000)
Ivet Interest
Interest income on plan assets
Interest cost on defined benefit obligation
440.000
440.000
1512,0001
1512,0001
Total net Interest
440,000
1512,0001
172.0001
Ca5hflow5
Employerfs contributions
Member5, contributions
Benefits paid
32,000
98,000
{190,000)
132.000)
98,000
190,000
Total cashflows
160.000)
158,000
98,000
Total costs In Statement of Flnanclal Activitles
380,000
{583,000}
{203.0001
Opening position at l April 2022
16.030.000
118.589,0001
{2.559.0001
Changes in financial assumptions
Changes in demo8raphic assumptions
other experience
Return on assets excluding net interest
7.256.000
1219,0001
1661,0001
7,256,000
1219,0001
1522,(M)O)
{88,￿0)
139,000
(88.0001
Totsl remeasurements recognlsed In OCI
16,081,000
112,213,000)
3,868,000
Closlng posltlon at 31 March 2023
16,461,000
(12,796,000)
3,665,000
321 Page

PURE INNOVATIONS LIMITED
Notes to the Financlal Statements
Year ended 31 March 2024
22.
Retlrement beneflt schemes Itontinued)
2024
2023
Fair value of plan a55ets at the reporting period end
Equity instruments
Debt instrument5
Property
Cash
11,810,920
2,605,350
1,389,520
1,563,210
11,524,000
2,305,000
1,316,000
1,316,000
17,369,000
16.461.000
2024
2023
The defined benefit obligation5 ari5efrom plun5funded a5follow5.'
Wholly unfunded obligations
Wholly or partly funded obligations
12,749,000
12,796,000
12,749,000
12,796,000
23. Unrestricted Funds- current year
Balance at
l April
2023
Balance at
31 March
2024
Incomlng
resources
Resources
expended
Exceptlonal
item
Actuarial
Gains
General fund
3,134,494
8,494,037
18,289,5861
(47,000)
1286,426)
3,052,519
Pension fund reserve
3,665,000
173,000
829,000
4,620,000
Total general funds
6,799,494
8,667,037
{8,336,586)
{286,4261
829,OlJO
7,672,519
Unrestrlrted Funds- prlor year
Balance at
l April
2022
Actuarial
Gainsl
Ilossesl
Balance at
31 March
2023
Incoming
resources
Resources
expended
Exceptional
item
General fund
2,992,883
7,454,795
17,313,184)
(203,000)
3,134,494
Pension fund reserve
12.559.000}
6,427,000
3,665,OlJ)
Total general funds
433,883
7,454.795
{7.516,184)
6,427,000
6,799,494

PURE INNOVATIONS LIMITED
Notes to the Financial Statsments
Year ended 31 March 2024
24. Restrirted funds- current year
Balance at
l April
2023
Balance at
31 March
2024
Incomlng Resources
Other
resources expended galns/(losses)
Chrlstmas Activities
St James Place
Salford MBC
The Henry Smith Charity
Stockport Local Fund
National Lottery
Stockport MBC
Warrington
Cheshire Community Foundatlon
Warrington
The Rayne Foundation
Paul Hamlyn Foundation
The Welland Trust
Cheshire East
Co-op Community Funding
Edward Gosling
6.924
9,167
53.325
25,000
181
54,809
8.789
1,990
16,924)
19,167)
(53,325)
(25,000)
(181)
154,809)
{8,789)
{1,990
Z7.945
8,333
3,000
35,416
33,306
3,503
4,166
127,945)
(8,333)
(3,0001
135,4161
133,306)
(3,503)
(4.166)
Total unrestrlcted funds
275,854
1275,854)
Other gains/{losses)
The above losses relate to the transfer of the opening restricted fund balances as at l April 2023 to the former
charity within a charity Pure Insight 1628. Pure Insight 1628 now operates as a separate charity.
Name of restrlcted fund
Description. nature. and purposes of the fund
Christmas Actlvltles
This is money raised to deliver activities over the Christmas period
for care leavers who would otherwise be alone. Any funds
remaining can be used for other artivities throughout the year as
per our Just Giving statement.
Steve Morgan Foundation
Supporting our delivery of services to care leavers in Crewe.
St James Place
This funding is to support our counselling provision.
Williams Foundation
This enables us to help fund a small package of household goods for
clients moving into a property for the first time.
The Henry Smith Charlty
This fund is being used to fund a Psychological Wellbeing Worker to
provide counselllng, ernotlonal support and life skills training to
young people aged between 16-28, who are leaving care in
Stockport.
National Lottery
To scale our successful mentorin8 programme into two new local
authority areas and secure funding for the service in the longer term.

PURE INNOVATIONS LIMITED
Notes to the Financlal Statements
Year ended 31 March 2024
24. Restricted funds- current year (cont5n￿dI
Name of restricted fund
Descrlptlon, nature, and purposes of the fund
Spark Foundation
Thls enables us to help cover some expenses for clients when they
are movin8 home.
Warrlngton
To support the range of services we are delivering in that borough,
in addition to the local council contribution.
Cheshire Community Foundatlon
This has helped us to provide additional activities Within our Cheshire
East and Warrington areas, su¢h as the operation of a café, and
psychological wellbeSng servlce and counselling.
The Rayne Foundatlon
This has provided match funding for our psychological wellbeing
service in Cheshire East
Awards for All
This fund has been used to support the organisation achieve its
objectives by providing funding to purchase a van.
Paul Hamlyn Foundatlon
This fund has helped us to support young people across a wide
geographical area, by providing core funding which has been used in
a variety of ways
The Welland Trust
Thi5 specifically has allowed us to recrult an additional post, being an
employment officer who works acr055 two areas.
Schroder
This will be used to provide top up funding enabling some of our
activities to take place.
Cowop Community Funding
Funding to support the training of new volunteer mentors.
Edward Gosllng Foundatlon
Supporting our provision in Trafford and counselling services
351 Page

PURE INNOVATIONS LIMITED
Notes to the Financlal Statements
Year ended 31 March 2024
24. Restrlcted funds- prlor year
Balance at
l April
2022
Balance at
31 March
2023
Incoming
resources
Resources
expended
Transfers
Chri5tma5 Activities
Steve Morgan Foundation
St Jame5 Place
Williams Foundation
Salford MBC
The Henry Smith Charity
Stockport Local Fund
National Lottery
Spark Foundation
Stockport MBC
Warrington
Cheshire Community Foundation
Warrington
Cheshire Community Foundation Cheshire
East
The Rayne Foundation
Awards for All
Paul Hamlyn Foundation
The Welland Trust
Schroder
Cheshire East
Co-op Community Funding
Edward Gosling
12,850
14,160
16,500
10,000
{20,086}
{16,500)
1833}
13361
6,924
9,167
336
53,325
60,CKIO
24,060
36,000
53,325
25,000
181
54,809
14,387
149,3871
123,8791
184,5051
{681
187,1061
133,2201
103,314
68
95,895
30,000
8,789
1,990
5,210
27,945
27,945
15,166
8,333
5,833
17,500
38,919
5,000
2,500
25,000
117,666)
125,000)
15.8331
125,000)
137,504)
15.000)
171,317)
{318}
120,834}
8,333
10,500
34.001
3,1)00
35,416
104,623
3,821
25,000
33,306
3,503
4,166
Total unrestrlcted funds
226,916
573,330
{524,3921
275.854

PURE INNOVATIONS LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
Anatysis of assets between fund5-
¢urrent year
General
Fund
Deslgnated
Funds
Restrfcted
Funds
Total
Tangible fixed assets
Cash at bank and in hand
Other net current assets
Defined benefit pension asset
439,185
825,686
1,787.648
439.185
825,686
1.787,648
4,620,000
4,620.000
3,052,519
4,620,000
7,672,519
Analysis of assets between funds- prior
year
General
Fund
Designated
Funds
Restrirted
Funds
Total
Tangible fixed assets
Cash at bank and in hand
Other net current assets
Defined benefit penslon asset
503,401
1,794.428
836,665
503,401
1,794,428
1,112,519
3,665,000
275,854
3,665,OiXI
3,134,494
3,665,000
275,854
7,075,348
26. Cash used In operatlons
2024
2023
Net movement in funds
330,451
{12,4511
Adjustmentsfor..
Depreciation
Interest income
Transfer of Pure Insight 1628 funds
Net pension costs in SOFA
(Profitl/Loss on fixed asset investments
IProfitl/Loss on disposal of assets
240.734
149,580)
(562,2801
(126,000)
(9,049)
19,280
242.018
111,6191
203,000
11,864
123,497)
Movement5 in workino capital..
Ilncrease)/decrease in stock
Ilncrease) in debtors
Increase in creditors
14,238)
(793.265)
152,760)
114,3331
{64.2981
{68,992)
Net cash generated In operations
11,006,707)
261,692

PURE INNOVATIONS LIMITED
Notes to the Flnanclal Statements
Year ended 31 March 2024
27. Net debt reconclllatlon - Current year
l April
2023
31 March
2024
Cash flows
The Group
Cash
1,794,428
1968,742)
825,686
1,794,428
(968,742)
825,686
Net debt rewnclllatlon - prlor year
l April
2022
31 March
2023
Cash flows
The Group
Cash
2,156.225
1361,797)
1,794,428
2,156,225
1361,797)
1,794,428
381 Paee