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← Home To Work Limited

2025-03-31-accounts

Registered number: 04173875 Charity number: 1114486

HOME TO WORK LIMITED

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

HOME TO WORK LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 22

HOME TO WORK LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Mrs Karen V Jones Mrs Marie M Walker Mrs Heloise Cloudsdale-Jones Mrs Ann E Dias Mr Mark Telford Mr Graham Cartwright Mr Graham Calvin Mr Martin Winward Mr Willam Wilkinson Mr Charles N Moores

Company registered number 04173875 Charity registered number 1114486 Registered office 17 High Street Cleator Moor CA25 5AH Accountants Armstrong Watson Carleton House 136 Gray Street Workington CA14 2LU

Page 1

HOME TO WORK LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Aims

Home to Work hosts the Goodlives project.

The project was set up to help unemployed people in Copeland by providing a safe environment for individuals to actively engage in workshop settings offering practical skills development at the same time as addressing the social aspects of life.

The project has continued to focus on the following aims:

  1. Helping to address high levels of unemployment in Copeland.

  2. Helping to engage hard to reach unemployed people and address issues around personal development.

  3. Providing a suitable and non-threatening environment that offers a practical work experience at the same time as access to personalised mentoring and support services.

Page 2

HOME TO WORK LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Review of activities

Supporting mental health and well-being and preparing for further training, volunteering and employment - our staff work with partner providers to enable our learners to identify barriers and work towards finding solutions. Often our clients have very complex issues.

We have woodwork and upcycling based in our Ennerdale Road facility, horticulture and cooking at our site on West Lakes Science Park, customer service training in the community shop and therapeutic based services in our High Street premises.

We also offer employment skills training and online accredited courses to help our Learners further their job seeking ambitions. We have rebranded from Skills 4 You – this has proved to be a very positive move for us with increased waiting lists for our services, particularly Learners in the younger age group.

Supporting mental health and well-being and preparing for further training, volunteering and employment - our staff work with partner providers to enable our learners to identify barriers and work towards finding solutions. Often our clients have very complex issues.

We have woodwork and upcycling based in our Ennerdale Road facility, horticulture and cooking at our site on West Lakes Science Park, customer service training in the community shop and therapeutic based services in our High Street premises.

We also offer employment skills training and online accredited courses to help our Learners further their job seeking ambitions. We have rebranded from Skills 4 You – this has proved to be a very positive move for us with increased waiting lists for our services, particularly Learners in the younger age group.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

HOME TO WORK LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

b. Fundraising

Goodlives has been supported by a number of Funders this year:

Garfield Weston Cumbria Community Foundation The Speedomick Foundation Sellafield Ltd Copeland Community Fund Phyllis Harney Trust Sir Bernard & Lady Schreier Foundation The Dowager Countess Eleanor Peel Energy Coast West Cumbria Lamplugh Women’s Institute Dobies St Joachim Trust Coalfields Regeneration Trust The National Lottery Friends of Bryan Lancaster

Structure, governance and management

a. Constitution

Home to Work Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

c. Related party relationships

Home To Work Ltd has been supported with internal funds generated from the Trading arm of the Business - Works 4 You Ltd, funds from the trading activity in the shop and also from our fundraising activity.

Page 4

HOME TO WORK LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Martin Winward (Sep 3, 2025 16:16:27 GMT+1)

Mr Martin Winward

Date: 26 August 2025

Page 5

HOME TO WORK LIMITED (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of Home to Work Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts 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 145(5)(b) 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 I am qualified to undertake the examination because I am a member of (enter body here), 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:

  1. 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 UK and Republic of Ireland (FRS 102)].

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.

Steven Kirkbride

Steven Kirkbride (Sep 3, 2025 21:32:39 GMT+1)

Signed:

Dated: 26 August 2025

Steven Kirkbride BFP FCA

Armstrong Watson LLP, Workington

Page 6

HOME TO WORK LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
27,872
14,566
801
43,239
-
38,752
38,752
4,487
54,318
4,487
58,805		 Restricted
funds
2025
£
342,628
-
-
342,628
230,888
159,329
390,217
(47,589)
122,399
(47,589)
74,810		 Total
funds
2025
£
370,500
14,566
801
385,867
230,888
198,081
428,969
(43,102)
176,717
(43,102)
133,615		 Total
funds
2024
£
330,738
9,933
799
341,470
163,692
147,667
311,359
30,111
146,606
30,111
176,717

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 7

HOME TO WORK LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04173875

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 6,052
106,385
112,437
(13,425)		 2025
£
34,603
34,603
99,012
133,615
133,615
133,615
74,810
58,805
133,615		 96,616
35,788
132,404
19,945		 2024
£
24,368
24,368
152,349
176,717
176,717
176,717
122,399
54,318
176,717

Page 8

HOME TO WORK LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04173875

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 26 August 2025 and signed on their behalf by:

K. Jones

K. Jones (Sep 3, 2025 14:44:37 GMT+1)

Mrs Karen V Jones

The notes on pages 10 to 22 form part of these financial statements.

Page 9

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

Home to Work Limited is a private company limited by guarantee incorporated in England and Wales. The registered office and principal place of business is 17 High Street, Cleator Moor, Cumbria, CA25 5AH.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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

2.2 Income

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

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

Page 10

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Motor vehicles - 25% straight line basis
Fixtures and fittings - 25% straight line basis
Computer equipment - 25% straightt line basis

2.6 Debtors

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

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2025
£
Other general income
13,270
Grants
14,000
Government grants
-
Fundraising events
602
27,872
Unrestricted
funds
2024
£
Donations
2,903
Grants
13,431
Government grants
-
Fundraising events
2,035
18,369		 Restricted
funds
2025
£
-
114,377
228,251
-
342,628
Restricted
funds
2024
£
-
100,494
211,875
-
312,369		 Total
funds
2025
£
13,270
128,377
228,251
602
370,500
Total
funds
2024
£
2,903
113,925
211,875
2,035
330,738

Page 12

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from charitable activities

Unrestricted
funds
2025
£
Charity shop income
14,566
Unrestricted
funds
2024
£
Charity shop income
9,933
5.
Investment income
Unrestricted
funds
2025
£
Interest receivable
801
Unrestricted
funds
2024
£
Interest receivable
799		 Total
funds
2025
£
14,566
Total
funds
2024
£
9,933
Total
funds
2025
£
801
Total
funds
2024
£
799

Page 13

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Expenditure on raising funds

Raising funds expenses

Project costs
Wages and salaries
Tutorial costs		 Restricted
funds
2025
£
15,007
174,491
41,390
230,888		 Total
funds
2025
£
15,007
174,491
41,390
230,888

Page 14

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Expenditure on raising funds (continued)

Raising funds expenses (continued)

Wages and salaries
Tutorial costs		 Restricted
funds
2024
£
119,656
44,036
163,692		 Total
funds
2024
£
119,656
44,036
163,692

7. Analysis of expenditure by activities

Irrecoverable VAT
Cost of raising funds
Cost of trading activities
Cost of raising funds
Cost of trading activities		 General
costs
2025
£
18,113
-
-
18,113		 Support
costs
2025
£
-
159,329
20,639
179,968
Support
costs
2024
£
133,045
14,622
147,667		 Total
funds
2025
£
18,113
159,329
20,639
198,081
Total
funds
2024
£
133,045
14,622
147,667

Page 15

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Premises costs
Administration costs
Insurance
General expenses
Legal and professional fees
Charity shop expenditure
Bank charges
Depreciation
Premises costs
Administration costs
Insurance
General expenses
Legal and professional fees
Charity shop expenditure
Bank charges
8.
Staff costs
Wages and salaries
Social security costs		 Raising
funds
2025
£
9,675
48,695
15,025
5,765
65,018
14,786
-
365
159,329
Governance
2024
£
8,449
66,905
11,036
2,879
22,690
20,815
-
271
133,045		 Trading
activities
2025
£
1,075
5,451
1,669
641
7,341
-
4,422
40
20,639
Raising
Funds
2024
£
939
4,764
1,226
320
2,521
-
4,789
63
14,622
2025
£
174,491
41,390
215,881		 Total
funds
2025
£
10,750
54,146
16,694
6,406
72,359
14,786
4,422
405
179,968
Total
funds
2024
£
9,388
71,669
12,262
3,199
25,211
20,815
4,789
334
147,667
2024
£
119,656
44,036
163,692

Page 16

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

2025 2024
No. No.
Employees 14 9

No employee received remuneration amounting to more than £60,000 in either year.

9. Tangible fixed assets

Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Motor
vehicles
£
5,000
-
5,000
1,250
1,250
2,500
2,500
3,750		 Fixtures and
fittings
£
59,778
10,600
70,378
39,160
8,029
47,189
23,189
20,618		 Computer
equipment
£
-
10,384
10,384
-
1,470
1,470
8,914
-		 Total
£
64,778
20,984
85,762
40,410
10,749
51,159
34,603
24,368

Page 17

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Grants receivable		 2025
£
460
3,318
2,274
-
6,052		 2024
£
420
31,473
-
64,723
96,616

11. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2025
£
3,785
1,105
297
5,728
2,510
13,425		 2024
£
-
641
313
-
(20,899)
(19,945)

Page 18

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Skills 4 You 2
Garfield Weston
Sir Robert McAlpine
Modular Kitchen Fund
Cumbria CF
Fibrus
Total of funds		 Balance at 1
April 2024
£
54,318
86,217
17,905
447
17,830
-
-
122,399
176,717		 Income
£
43,239
277,248
25,000
-
-
38,385
1,995
342,628
385,867		 Expenditure
£
(38,752)
(369,268)
(7,205)
-
(12,081)
-
(1,663)
(390,217)
(428,969)		 Transfers
in/out
£
-
56,959
(17,795)
(447)
-
(38,385)
(332)
-
-		 Balance at
31 March
2025
£
58,805
51,156
17,905
-
5,749
-
-
74,810
133,615

Page 19

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Skills 4 You 2
Solar power CCF
Slow cooker course
Garfield Weston
Sir Robert McAlpine
Voucher fund
Modular Kitchen Fund
Total of funds		 Balance at
1 April 2023
£
75,479
62,127
9,000
-
-
-
-
-
71,127
146,606		 Income
£
29,101
252,226
-
-
25,000
3,000
8,372
23,771
312,369
341,470		 Expenditure
£
(48,784)
(228,136)
(8,769)
(1,709)
(7,095)
(2,553)
(8,372)
(5,941)
(262,575)
(311,359)		 Transfers
in/out
£
(1,478)
-
(231)
1,709
-
-
-
-
1,478
-		 Balance at
31 March
2024
£
54,318
86,217
-
-
17,905
447
-
17,830
122,399
176,717

Purpose of Funds

Skills 4 You - provides a safe environment for individuals to actively engage in a workshop setting offering practical skills development at the same time as addressing the social aspects of life.

Solar Power CCF - to utilise solar power on the Goodlives site

Slow Cooker Course - introducing our learners to slow cooker recipes and healthy eating on a budget.

Garfiled Weston - the core costs of running the Skills 4 You project

Sir Robert McAlpine - to buy wood, soil and rabbit protection mesh for the Goodlives project

Voucher Fund - to buy food vouchers for gifting to the community

Modular Kitchen - to help fund the cost of purchase and installation of modular kitchen within the centre.

Cumbria CF - to help buy equipment and capital items for the S4Y and Handyman Projects

Fibrus - to purchase laptops for S4Y

Page 20

HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
54,318
122,399
176,717
Balance at
1 April 2023
£
75,479
71,127
146,606		 Income
£
43,239
342,628
385,867
Income
£
29,101
312,369
341,470		 Expenditure
£
(38,752)
(390,217)
(428,969)
Expenditure
£
(48,784)
(262,575)
(311,359)		 Transfers
in/out
£
-
-
-
Transfers
in/out
£
(1,478)
1,478
-		 Balance at
31 March
2025
£
58,805
74,810
133,615
Balance at
31 March
2024
£
54,318
122,399
Summary of funds - prior year
General funds
Restricted funds
176,717

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
21,444
Current assets
50,786
Creditors due within one year
(13,425)
Total
58,805		 Restricted
funds
2025
£
13,159
61,651
-
74,810		 Total
funds
2025
£
34,603
112,437
(13,425)
133,615

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HOME TO WORK LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
3,750
30,623
19,945
54,318		 Restricted
funds
2024
£
20,618
101,781
-
122,399		 Total
funds
2024
£
24,368
132,404
19,945
176,717

15. Related party transactions

There were the following disclosable related party transactions during the year:

Works 4 You Limited Opening
Balance
£
15,822
15,822		 Amount
advance
£
15,265
15,265		 Amount
repaid
£
(36,815)
(36,815)		 Closing
balance
£
(5,728)
(5,728)		 2024
£
15,822
15,822

Loan between Home to Work Limited and Works 4 You Limited is repayable on demand and interest free.

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