Company number 06021004 Charity number 1119388 GRAFT THAMES VALLEY LIMITED (A registered charitable company limited by guarantee) Report and Accounts 31 March 2024 J M Ansell FCCA Chartered Certified Accountant Reading RG4 8SR
GRAFf THAMES VALLEY LIMITED (A registered charitable company limited by guarantee) Report and Accounts Contents For the year ended 31 March 2024 Page Trustees annual report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements Detailed statement of financial activities
GRAFTTHAMES VALLEY LIMITED {A registered charitable company limited by guarantee) Trustees Annual Report For the Year Ending March 31. 2024 l am pleased to present the Annual Trustees, Report for Graft Thames Valley Limited for the period ending March 31, 2024. This report reflects the dedicated efforts and achievements of our charity in enabling pathways to employment for those disadvantaged by circumstances. Overview Graft Thames ValLey Limited continues to make a meaningful impact in the lives of individuals facing challenges in securing stable employment. During the reporting period, we supported 123 people through a range of services, includingtraining. group support. and one-to-one assistance. These services were personalized to cater to the unique needs of each individual we supported. We aLso supported a further 28 refugees with one-off support. Outcomes We are proud to report that our efforts have yielded significant results: 24 individuals successfully progressed into paid employment. giving them a chance forfinanciaL independence. 45 participants attended training programs. equippingthem with vaLuable skills and knowledge. 15 individuals went on to volunteer roles. contributing to their personal growth and community engagement. 42 individuals attended ourjob Clubs. Financial P8rformance While maintaining a steadfast commitment to our mission, Graft Thames Valley Limited managed to operate 5UStainably. We incurred expenses of £51,394 in delivering our services. The financial year 2023-24 has been marked by significant challenges for Graft but, despite these obstacles. the unwavering support of our dedicated staff. volunteers and trustees has allowed us to end the year on a much more positive note. In the final quarter leading up to the end of the year, we achieved several key milestones. A successful push to deliver the Multiply training contract resulted in us achieving the full contract income- which is complemented by two successful bid appLications.
Projects and Government Contracts Despite facing challenges, throughout the year we provided support to a total of 123 individuals, excluding 28 refugees who parachuted in for one-off training support. While the percentage of individuals moving into employment {19%) is slightly lower than previous years. our focus on assisting individuals further from the workplace. requiring more extensive training and one-to-one support, has been a contributing factor. Notably, 36 % attended one or more training sessions. 34% participated in ourjob Club. and 12 % secured one or more volunteering roLes. Governance and Leadership Our staff members and volunteers have gone above and beyond their expected duties throughout the year. Furthermore, our team of volunteers has provided invaluable support, contributing to our success over the past year. Looking Ahead As we enterthe newyear, we are excited to launch two new projects and anticipate a further extension to our training contract with West Berkshire Council. With additional funding secured to increase our resources. we are welL-positioned for another successfulyear ahead. In concLusion, despite the challenges faced, the dedication of our staff, trustees and volunteers has ensured that Graft continues to make a positive impact in enabling pathways to employment for disadvantaged individuals. The trustees look forward to building on our achievements in the comingyear. Rev. PolLy Falconer Chair of Trustees 5 December 2024
GRAFf THAMES VALLEY LIMITED IA registered charitable company limlted by guarantee) INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES This report is on the accounts of Graft Thames Valley Limited for the year ended 31 March 2024 which are set out on pages 4 to 8. Responsibilities and basis of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Att 20111'the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151 Ibl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. J M Ansell FCCA Chartered Certified Accountant 19 Brooklyn Drive Emmer Green READING RG4 85R 29 November 2024
GRAFf THAMES VALLEY LIMITED IA rIStered charitable company Ilmlted by ¥uararrteel Statement of Financial Artivities for the year ended 31st March 2024 Unrestrltted Funds Restricted Fund5 Total 2024 Total 2023 Note Incomlng resources from generated funds Voluntary income Investment Income 28,521 52 33.494 62,015 52 25.296 Incomlng resources from charftablè activityes Programme Total incoming resources 14,580 43.153 14.580 76,647 17,911 43,237 33.494 Resources expended Charitsble actmtles Programme Govèmante costs 30.605 20.489 51,094 300 48.666 300 Total resouces expended 30,905 20.489 51.394 48,966 Net Incoming / Ioutgoingl resources for the year 12.248 13.(KJ5 25,253 15.7291 Fund balance brought forward at l April 2023 10,303 10.739 21.042 26.771 Fund transfers Balance carried forward at 31 March 2024 22.551 23,744 46,295 21,042 All of the above results are detived from continuing activities. The notes on page$ 6 to 8 form part of these financial statements
GRAFf THAMES VALLEY LIMITED IA registered charrtable company lirnited by guarantee) Balance Sheet at 31st March 2024 Note 2024 2023 Current Assets Debtors and prepayrnents Cash at bank and in hand Total current assets 14.627 33.381 48,008 9.819 12,380 22,199 Credltors- amounts falling due within one year 11.7131 11,1571 Net assets 46,295 21.042 Fund5 of the Charity Restricted Unrestricted io 22.551 23,744 10,739 10,303 Total Funds 46,295 21,042 The Tru5tee5 consider that the company is entitled to exemption from the requirement to have an audit under section 477 of the Companies Art 2006 and that member5 have not required the company to obtain an audit in accordance with sertion 466 of the Act The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Art 2006 with respect to accounting records and the preparation of accounts The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime These accounts were approved by the Trustees and signed on their behalf. Mrs P Falconer 5 December 2024 The notes on pages 6 to 8 form part of these financial Statements
GRAFf THAMES VALLEY LIMITED IArerneved eharfiabl2 cofflwy limithd byzu•Arteel Notes to the An•n£ SttmentsYearto 31 Marth 2024 pokns Thefollowiry accountiThg policies have been used in deir%iwth itemshKh are tonmdered terial in relètion ro the Chèrty'sfinancial statern ) comn¥11M11ed bypjarnnteè The Chariry is a Company limited by8uatsntee and isa registered thariry. Each member's liabilTty would be limited toan amuTht Mt excÈetkr¥£l in the event 0fthe(haritynrt#)8P. bl Ba5isof acc¢vJntihi The accounts have been prepared in acctrdantÈYMth Acrounting and RepcrtmRby Charitres". Statement of RÈtornmended PrartKe applicab to Charrties prpann8thr accounts in 4crNdancewith the Financial ReFK)rting andard applicable in the UK3nd RepU1COf Ireland IFRS 1021 and theCompaniesAct The accounts have beer• prepared togNe a trutand fairf eW and have departed frorn the Charities (Accounts and Reports) Regulations IDJ8on to the extent wuired to prde a'true and fairf vipw. This departure h05 Involved f&lown8 AccouTrtir aThd Reporting by thamie5 preparin8their accounts In accordance the Fit)ancial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 i55ued 16 Juty 2014 rather than the Accounting and Reportin8 by Charities StatemeTht of Recommended Prattice effectwe from l April 25 vthich ha5 nce been MThthdrawn. The Chaviry hasearty athjpted the p$lOn5 of buNetin l a5 pennfftd. The charity meets the definition of a public benefit entity under FRS 102_ Assetsand liabilities are initial recognised at htOrIcal cost ortransattion value Other$tated in the rdevant acctyJntiN4 note. After makingewuirith theTrustees havea reasanableexpectation ththetharityhas adequate restyjrces to onrinue its artmties forthE f(we5eeable futsjre. Accordingty the¥tontinue to adopt the gthnÉ cmcem ba&$ in preparing the finantial statements as oudined in the Statement of Trustees RespOnbilitIeS on page 3. In preparing the accoUr. theTrustees hwe Consed whether in apthngthe atiounM8 polic5 required by FRS IOZ and the CharitiesSORP FRS 102 the restaternent 0f¢(ffipèrnte fem)s was required. TheTntstees are of the opinion that nosuch restaternent isiequired_ In the applicat of the Charity's xcountingpolicies, vthith arede5CTiW in noie I, Tru5tee5 are reqiJiTed to makejudgments, estsmates and assumption5 abo the CaIng values of assets and liabilit5that ore not readi apparent from othersources. Theestimat¥M and underlwnR assumptions are based on histoal experienceand other fattorsthat are Consit0 be rElevant. xtual results may differfrom these estimates. The e5timate5 and undeth"nE assfftiptlonse on an on8(Mn8 ba$. Ps1Onst00Ufitifis esrimates are recognised in the peri1 in which the estimate revised rfthe revision 4fFect5 only that penod. or in the pernd of revi¢) and ftrture period5 rfthe currentand ftUre rIcKl$ rfthe revt5Kffi affects the¢urrent and future period5. In thewew 0fthÈTnteeS. noa55umpti0ThscrrningthefurWe or esrimw unceftainty affertir the assets nd liabiltties at the balontt sheet date are likthto result in a material adjustmenttotheir carrying amtyjnts in the next financial year. l Flnancial irthunnts tharity OTh1 hasfinantial asstts and financial lithlitie5 of a kind that qualifya5 baCTancial in5tnJrnent5. BasK financial instruments arE initialty reco8ni%ed at tranwrion value and subsequentty n*a5ured attheir settiernent value.
GRAFf THAMES VALLEY LIMITED (A registered thèritable company limited by 8uarantee) Notes to the Financial Statements Year to 31 March 2024 l Accounting policies Icontinuedl Income Recognition of Incoming Resources These are included in the statement of financial activities when: the charity becomes entitled to the resources,. the trustees are virtually certain that they will receTrve the re50urce5- and the monetary value can be measured with reasonable accuraq. Grants and donations Grants are only included in the statement of financial activities when the charity has unconditional entitlement to the resources standards. Gifts in kind Gifts in kind are accounte(J for when receivable. at a reasonable estimate of their value to the Charity. iv) Investment income Bank and building society Inte$t is included in the statement of financial activitie5 when the interest falls due. Expenditure and liabilities Liabilities are recognised as soon as there is a legal or constructive obliEation committing the charity to pay out resources. In previous years Governance costs Icosts ass¢xiated with meeting the constitutional and statutory requirements of the Charity, the Independent Examiner fees and costs in respect of the strategic management of the Charity) were shown separately in the Statement of Financial Activities. To comply with Charities SORP FRS 102 Governance costs have been included within charitable activities as an element of other support costs. h) Fixed assets Assets over £2CKKJ are capitalised and depreciated over their estimated lives. Assets cost4n8 le55 than £2,[ are written off in the year of acquisition. Depre¢iation Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives. IT Equipment and fumiture 3 years straight line J) Fund accounting Unrestricted funds can be used in accordance with the charitable objertive5 at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity and a5 defined by the donor.
GRAFf THAMES VALLEY LIMITED {A registered charitable company limited by guarantee) Notes to the Finan¢lal Statements Year to 31 Marth 2024 2024 2023 Voluntary income Supportin8 trainln8 courses and adi¥itle5 Big Lottery Grant Groundwork ESFA- Work it out The Earley Charity Time Gained 19.994 28,104 iO,(MX) 3,922 11,000 13.5(K) 61,598 417 62,015 24.922 374 25.296 Donations Investment income Deposit account interest 52 30 In¢omin8 resources from tharitable atti¥itses Bracknell Forest Council Exchequer Services Iwest Berkshire Council) University of Reading 14.580 13,586 3.325 17,911 14.580 Governance costs Independent examination fee 300 300 Net Incomln8 1 {out8oln81 resour$ Net resources are stated after charging= Other operating leases Other donations During the year the charity received over 4W hours of support from Tnjstees and Volunteers. Trustee5' remuneration, benefits and expenses There were no tTU5tees' remuneration. expenses or benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023 Stsff costs Wages and salaries Social security costs 36.688 33,686 36.688 33,686 The average monthly number of employees duringthe year was as follows.. Operations Creditors- Amounts fall ing due within one year Trade creditors Social security and other taxes Accrued expenses 1.232 775 382 1.713 1,157 io Movement in Funds Asat l April 2023 Incoming Outgoing Resource5 Resources Fund Transfer A5at 31 March 2024 Restricted funds Unrestricted Funds- general fund 10.739 10.303 21.042 33.494 43.153 76.647 120,4891 130.9051 151,3941 23,744 22,551 46.296
GRAFT THAMES VALLEY LIMITED IA registered charftablè tompany limtted by guarantee) Detailed Statement of Financial Activities for the year ended 31st March 2024 Unrestricted Restricted Funds Total 2024 Total 2023 Funds Incomlng resources from generated funds Voluntary income Donations Training courses and attivities 417 28.104 28.521 417 374 24,922 25,296 33,494 33,494 61.598 62,015 Investmènt Income Deposit account interest 52 52 30 Incomlng Trsources from charttable actl¥ltles Contracts 14.580 14,580 17,911 Total Incomlng resources 43,153 33,494 76.647 43.237 Resources expended Charltabl• *ctlvltl•s Wagm. larIo# and oth•r 8tsff ¢osts Wages and salaries Se55ional workers Employerfs Pension Stsff training and %4Elfare 12,465 998 2.820 179 19,462 31,927 998 2,820 943 31.410 1.800 420 56 764 Car. van •nd travel exp•ns Travel. subsislence & meeling CA)sts 1.372 1,372 899 R•rtL rth and PUr Rent, IKJhl and heat 4.958 4,958 4,950 T0Phon•. fax. statlon•ry and other offic• costs Telephone and intemet Computer costs 716 80 716 552 AdvertbBlng and buslnoss •ntsrt•lnrnnt ¢o•t8 Printin8, Stationery and general office costs Advertising and promotion 274 274 io Accountancy. l•gal and oth•r profomltywl f• Insurance Licences and Subscriptions Bank charges 522 420 522 495 542 550 72 75 othr buslness •xpon8•8 Independent examination fee Other legal and profÈ5510nal Equipment expensed Sundry expenses 300 5,709 I,oio 51)2 4,075 835 163 125 4.2LX) 835 226 63 Total resources expended 30,905 20,489 51,394 48,966 Net Snc(Nne / {expendlture 12,248 13,005 25,253 15,7291