Company Registration Number 05988709 Skills Enterprise Ltd Company Limited by Guarantee Financial Statements st For the year ended 31 March 2024 Charity Number 1120254 Company Registration Number 05988709
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 CONTENTS Page l} Legal and Administrative Information 2) Trustees, Annual Report 3-20 3) Independent Examiner's Report 21 4) Statement of Financial Activities Including Income and Expenditure Statement. 22 5) Balance Sheet 23 6) Notes to the accounts 24-29 Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 LEGAL AND ADMINISTRATIVE INFORMATION Registered charity Name Skills Enterprise Ltd Charity Registration Number 1120254 Company Registration Number 05988709 Registered Off ice Aston Mansfield Community Centre l Toronto Avenue London E12 5JF Formerly.. Trinity Centre East Avenue London E12 6SG Trustees Mr M 5 Abdeen Mr G D Kulothungan MrAJ Marri Mr B Rajendran Mr A M Zackaria (resigned 16th Sept 20241 Independent examiner Brian Dexter ACMA, CGMA, 172 5andford Road East Ham London E6 3PX Bankers HSBC Bank plc 118 High Street North London E6 2HX Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDING 31st MARCH 2024 The Trustee5, who are also directors for the purposes of company law, present their report and financial statements of the charity for the year ended 31st March 2024. The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charities Act 2011 and the SORP IFR51021 "Accounting and Reporting by Charities issued in March 2015. STRUCTURE AND GOVERNANCE Skills Enterprise Limited is a registered charity {1120254} and a company limited by gua ra ntee {05988709). It is governed by its Trustees who are also Directors and meet regularly to manage its affairs. Company and charity law requires the Trustees to prepare financial statements for each financial year which give a true and fa ir view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements. the Trustees have: Selected suitable accounting policies and then applied them consistently Made judgements and estimates that are reasonable and prudent Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepare the financial Statements on the going concern ba51S. The charity has a core of employed Staff, but it also relies upon the services of a pool of community and digital champion volunteers for the delivery of its services. Day to day organisational decisions are delegated to the Project Manager. The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act. Risk The Trustees have given due consideration to the major risks to which the charity is exposed, and are satisfied that systems, policies and procedures are in place to mitigate exposure to major risks. 3 IPage Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 CHARITABLE OBJECTIVES AND ACTIVITIES Who we are and what we do Skills Enterprise is a vibrant community organisation, with a vision that vulnerable and marginalised people in the London Borough of Newham, especially those from Black, Asian and other minoritized communities, are included and empowered with improved Sife chances and choices. We want to combat the challenges arising from deprivation and social exclusion in the local community through a range of high-q uality digital inclusion, advice and advocacy, social, empowerment, educational, healthy living and recreational programmes. In all we do, we aim to break down barriers and reduce isolation, enabling access to learning, training and opportunities, empowering people to reach their goals. Our mission is to include the excluded through digital skills training• employment support, and community cohesion and participation. Through a holistic and person-centred approach, we offer a range of activities and services: Digital Skills and Inclusion Welfare guidance l and survival support Community und Volunteering Employment and Skllls support Women's Older People Empowerment Bespoke digital training programmes that focus on the needs, motivations, and lifestyle5 of participants. Digital competence coaching and training of digital champions: volunteers who help our users. Employability basics - English conversation, CV prepa ration, career guidance, digital job search, interview presentation, job ready club. Women's empowerment activities. Survival basics- crisls support, advocacy and welfare support. financial inclusion, money management {budgeting, saving, understanding the terminology). Community cohesion - community events, Civic rights workshops, health and wellbeing workshops, , awareness raising sessions and events. Our objectives are to: Increase digital competence, especially among the disadvantaged, in poverty, unemployed and elderly Improve the employability or capability of local people Foster a deeper understanding of rights and responsibilities. 41Page Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Our basic assumptions are that: Those who lack even the most basic digital skills are limited in navigating the modern environment, since online competence is now required to apply for benefits, arrange a grocery delivery, or to book a doctor's appointment. People will have more chances and be more employable if they have basic digital, language and communication skills. People will be more empowered if they can understand their rights and navigate the public and political systems. Public Benefit The activities detailed below have all been undertaken to further the Charity's purposes for the public benefit. In shaping and planning the activities for the year, Trustees have considered the Charity Commission's guidance on public benefit. Skills Enterprise regula rly consults and actively seeks feedback and suggestions from its beneficiaries, volunteers, partners and supporters. We seek to help people to develop essential skills necessary to improve the quality of their lives and of the local community, enabling access to learning, training and social opportunities, empowering people to reach their Boals. In all that we do, we aim to break down barriers and reduce isolation, working with people of all faiths to promote understanding between all sections of the local community. ACHIEVEMENTS AND PERFORMANCE During the period April 2023- March 2024 we supported: 1,674 with through users of which 91.7% were from Black. Asian and other ethnic minority communities 39 2,044 gaining full or part- time employment hours of activities and services working with over with 40 4,347 community, statutory and other partners hour.s of volunteering by our Digital / Community Champions 5 IPage Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Cost of Living Impact Am idst the ongoing cost-of-living difficulties and rising inflation, we continued to see first-hand the deep impact these economic challenges have had on our community, especially d igitally excluded individuals. As a charity committed to fostering digital inclusion, it is crucial to address how economic challenges intersect with digital disparities and exacerbate inequalitie5. We extended crucial support to 182 users, addressing a broad range of challenges such as fuel debts, digital exclusion, housing issues, benefits guidance, in-work poverty, and lack of communication skills. Cost-of-living Household Support Fund scheme: £1,800 of Tesco food vouchers distributed. 34 individuals and families benefited. "The Household Support Fund wos the need of the hour that helped me buy the bosicfoad ond groceriesfor myfamily." We were commissioned by Newham Council for a second year to deliver Household Support Vouchers and grants to individuals and families in need. The scheme enabled us to provide an immediate response for households struggling financially due to the cost-of-living. Vouchers of up to £250 were used to cover critica I necessities such as food, energy bills and clothing. As well as providing immediate relief, the Scheme was made accessible through online and in-person vouchers and additional support with welfare benefits guidance, debt advice referrals to partner organisations, employment support a nd digital skills tra ining. Empowerlng Communities with Digital In response to the growing digital divide in Newham, Skills Enterprise has implemented a range of targeted initiatives that address digital exclusion on multiple levels. Our approach focuses on community engagement, sklll-building, and partnerships, creating an ecosystem of support that meets users, digital needs and builds lasting community resilience. Digital exclusion is often invisible and misunderstood, affecting all ages, with our data and interactions with users highlighting how it further adds to the deprivation and poverty already experienced by marginalised communities. Money related problems, unemployment and digital exclusion are complex and entrenched issues which are interconnected and must be tackled holistically to enable the empowerment of those most in need in finding a route out of poverty. As a UK Online (National Digital Incluslon Network) Centre, we continued to work with local communities to address digital exclusion and their lack of skills. Beyond our centre-based Service delivery, we a Iso undertook outreach to community groups and providers such as Magpie - working with homeless/vulnerably housed women, local libraries and other groups to promote volunteering as a Digital Champion. 6 IPage Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 We distributed 30 digital devices (laptops and tablets), 10 mobile phones and 34 data packages generously supplied by The Good Things Foundation and Start Now CIC to individuals and families who faced barriers to online access. These resources were a lifeline for many, enabling them to connect with vital services, continue education and enhance their q uality of life in multiple ways. 40 Digltal devices distributed {in partnership with Start Now CIC and The Good Things Foundation) Case Study BJ, a 41-year-old service user referred by the Job Centre, h05 mode significontstrides in hi5 journey to becoming a Digital Chumpion through his dedication to digital learning and partiCiPL7tion in our workshops. 580 Unique users supported in a variety of training sessions, from basic digit31 skills to specific applications for finance, health and travel. With the guidance of Ski115 Enterprise, he complered the Learn My Woy course, boosting his skills ond confidence. BJ octively attended jobfairs, networking with potential employers ond secured training at a local hotel, where he 15 honing his skills fDrfuture employment. Bj's ucces5 to our digital literL7Cy programmes and support helped empower him to ochieve his coreer a5pirotions. Nationa.1 Digital Inclusion Hub of the Year Award From The Good Thing5 Foundation for our outst.anding performance as the top user hub of the Learn My Way platform. We developed a range of tailored workshops, specific to local needs that included: Maternity Health Project I Engaging 9 users in sessions with health practitioners focusing on financial empowerment, budgeting, nutrition, mental health, and pre-conception health Providing information on credit scores and available resources for maternal and mental well-being, emphasizing the link between financial security and overall health. FCA Cost of Living Workshop With the Financial Conduct Authority IFCA) supporting 20 users in addressing rising living costs Covered practical strategies for managing household budgets and banking essentia15 Discussions on Government support options le.g. Universal Credit, Job Seekers, Allowance etc.) Energy Saving Sessions With an energy expert, we offered practical strategies for energy conservation and reducing utility costs. 71Page Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Suicide Prevention Workshop Attended by 17 users, aimed at addressing mental health challenges and offering guidance on managing depression and anxiety. Weekly Digital Hub Digital-based English and computer training sessions to use digital devices, navigate the internet, understand online safety, learn to Shop, entertain and manage finances online....and morel Learn My Way Platform 580 users registered on the Learn My Way Platform with 42Yo successfully completing courses and gaining essential digital skills. Learn My Way is especially beneficial for learners and users Wlth minimal d igital experience. 3-D Digital Printing Workshop Delivered in collaboration with Start Now CIC, attracting 22 participants. Servlng as a pre-employment session, promoting digital literacy and creativity. Provided practical skills applicable to careers in the creative industries. FCA Scam Awareness Workshop Working with the Financial Conduct Authority to engage 22 users in identifying and avoiding online and telephone scams, eq uipping them with critical awareness skills to protect their personal data. I:1 Dlgital Support Tailored help in completing digital tasks - uploading documents and creating personal email accounts. Guidance on handling personal digital tasks, to help manage essential online activities independently. In response to increased demand from community sites like Subco Trust (Asian e5ders and carers) and the Canning Town Job Centre, we expanded our outreach and added additional service days and expanded digital sessions. We also resumed our services at the Pinnacle Centre in the south of the Borough INewham}. Digital Champions - Volunteers We regularly deliver workshops on volunteering value, providing opportunities within and outside our organisation to support various projects. During the year we developed our network of volunteers and digital / community champions, with 29 dedicated volunteers assisting in providing services at our centre and outreach locations enabling us to extend our reach and impact in the community. We delivered two tranches of volunteer training in the following areas: Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Digital Champion workshops covering: Essential NHS resources to help user5 access healthcare information online. Artificial I ntelligencelAI) basics, enabling volunteers to as515t users in understanding and engaging with new technologies. Safeguarding practices, ensuring volunteers were equipped to support vulnerable users effectively. Energy-saving tips and practical advice on reducing household energy costs, enhancing support for user5 dealing with financial challenges. Energy Champion Tralning.. Four of our users have become Energy Champion volunteers, advising service users on energy conservation strategies, Smart Meter usage, empowering service users to monitor and manage their energy consumption more effectively. The volunteers also boosted their employment confidence. We are part of the Community Energy Champion Project, and through our Energy Champions, organised 25 referrals of users to experts to receive energy saving tips. Facllitating Access to Online Services Our workshop sessions focused on empowering individuals to access essential online seNices and engage digitally in everyday tasks that included.. UK Parliament Week NHS Digital Workshop Educational sessions on parliament, civic participation and responsibilities and Voter ID requirements Enabling users to access NHS online (e.g. booking appointments, ordering prescriptions) and to navigate hea Ithcare services confidently Get Online Week Digital activities to enhance practical, everyday tasks e.g. YouTube for educational content Money Management Al Workshops Learning essentia I financial skills, building financial resilience, strategies to cope wlth cost of living I ntroduction to Artificial Intelligence concepts and its use and benefits Trustees Annual Report 2023-20241 www.skillsenterpri5e.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Employment and Skills Support We continued embedding digital inclusion through our Employment Support and skills activities with workshops and Itol support to our users. During the reporting period we supported 348 users, who attended 163 recorded employment sessions. Our one-to-one Employment Support provided tailored employment solutions through face-to-face sessions unlocking users, potential. 440 hours of support was provided, with users moving onto employment or enrolling in training courses. We are now offering in-person weekly one-to-one employment support sessions and digital training workshops at Manor Park Library, Canning Town Library, Pinnacle Housing as well as weekly one-to-one online Employment Support at the Pinnacle Centre in the Royal Docks area. 100% satisfaction ! Reported by users in our one-to-one Employment Support As a part of the Welcome Newham Project, we were invited by Newham Council to provide employment support and digital training, as well as welfare and benefit guidance for immigrants and asylum seekers in the Newham area. We conducted monthly employment workshops to 35 asylum seekers followed by one-to-one employment support sessions at the Viking Hotel and provided holistic support to 108 asylum seekers/refugees in areas such as employment, housing, money management, energy bills and digital skills. We also provided entrepreneurship support to encourage users in becoming self-employed, delivering creative industry workshops in collaboration with Start Now CIC. As a result, 38 users were supported into self- employment through social media marketing, branding and webslte creation guidance. Case Study V and her two S15ter5 t7rrived in the UK in November 2023. Desplte their ambition, "they had no idea where to stort their employment journey". Introduced to Skills Enterprise by an existing user, we provided holistlc SUPPOrt including confidence building os part of the Hybridjob Club, digitol skills training and careers advice, based on a tailored Employment Action Plan. They also attended o Job Fair in early 2024 gaining valuable insights into the UK labour market. V joined our P2E Employment Project. After support with applyingfor jobs online, all three 51sters securedfull-time positions os sociol carers, aided by our reference5. During the Employment Action Plan assessment, it transpired that V also hod ospirotions to start her own catering business. We advised her on completing Level l and 2 Food & Hygiene courses, helped her promote her culinary skills with photos of her dishe5 on sociol media and connected her with partner organisations to develop her entrepreneurial abilities. We wish V and her sisters all the very best in theirfuture employment endeavours. 10 IPage Trustee5 Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Our CV workshops, combined with one-to-one employment sessions, helped 293 users create outstanding Cvs using QR codes in collaboration with the Job Centre. Through our unique and long-term relationship with the Job Centre we have achieved a good level of success in getting their clients who are furthest from the job market into work, including those who were previously in work and had not developed their work skills- leading to reduced resilience when faced with the loss of employment. We continued to offer opportunities for users to develop their creative and digital skills as part of our Advanced Pre-Employability Skills training- in collaboration with Start Now CIC. 48 users benefited from the 3-D printing tralning workshops and a further 25 attended our Artificial Intelligence workshops at Manor Park Library. Throughout the reporting period, we promoted and attended a number of Job fairs and networklng events to help bridge the gap between job seekers and employers. These included the P2E facilitated job fair in February 2024 and three job fairs at Westfield London. Out of 348 users, 70¥0 continue to use our various services Continuing our holistic approach to supporting users into employment we provided language support ESOLclasses (including ESOL and digital training sessions} to help users in overcoming em ployment barriers. Our unique 13-week Hybrid Job Club (three hours/week) offered blended in-person and online sessions in partnership with Alternative Trust, accommodating the diverse needs of users. Our Hybrid Job Clubs covered topics such as confidence building, online job applications, interviews and higher education, These sessions had a significant impact with 46 users attending, 16 gaining employment, 34 attending job fairs, and 21 enrolling in various training programmes. P2E facilitated free access to online courses including EDX and from Institutions like Cambridge University, LSE and Harvard, ena bling users to enhance their skills at NO cost. In total, 42 users registered for the free online courses during the reporting period. Creating Employment Awareness among young adult5. In the final stage of this project, we collaborated with Birkbeck University and UCL to host a Pathways-to- Employment workshop, offering real-life experience through a Micro-lnternship project with Loughborough University and delivered a lecture at the University of East London on the importance of volunteering in getknng into employment. We also hosted a Pathway5-to-Employment workshop with Birkbeck University. One-to-one Employment Support 85 outr.each sessions12-3 hours per session}1520 hours of training (including outreach) 182 users referred by the Job Centre138 users referred by Manor Park Library 15 users from the Canning town Library I l user from Safe women project 13 users were referred from Alternative Trust | 2 users referred by Bonny Downs Community Association 11 IPage Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Welfare Guidance and Survival Support We provided support to 556 users in the year, maintaining our commitment to a holistic approach to combating poverty among Newham residents. We provided 310 hours of l-to-l welfare guidance services, held every Monday and Thursday that have been essential in meeting the diverse needs of our user5. In particular, the sessions have helped individuals navigate fuel debts, secure housing and access benefits, while also tackling in-work poverty and building the confidence required to claim eligible benefits. Digital exclusion, a significant barrier for many, was a major focus. Our efforts ensured users could better manage their circumstances and cost-of-living challenges. Many users were also encouraged to explore volunteering opportunitles, building their employability and resilience in challenBing times. Through this work we empowered individuals with practical tools and knowledge, enabling them to take control of their financial and persona I situations. Through our Banking, Benefits, Budgeting, Being Online Flnanclal Resilience workshops, 256 users sought further guidance on employment, online banking, budgeting. benefit support, digital skills, as well as assistance in overcoming language barriers. Case Study Mr C is o self-employed pensioner and working as o translator. His work wos hit hord during the pondemic and the little pension he was receiving wos insufficient to meet his ond his wife'5 basic needs, He used all hls savings ond started borrowing moneyfrom fomily Lindfriends leading to debts of £15,000. With our direct support he opplied ond started receiving Pension Credit. a reduction in his Council TGX. ond Emergency Support Funds. He was eventually able to regain control of hisfinance5. He also attended our Digital Energy and Sustainability workshop to reduce his energy bills. We also delivered our 3Bs (Banking, Budgeting & Being Online) Super-Fi App workshops to support our users in taking control of their finances and tackling debt through approximately 46 hours of training. These workshop5, attended by 225 users, provided critical skills in navigating the d igital financial landscape. We continued to offer our successful Prevent and Prosper Quiz workshop and one-to-one financial resilience sessions, which has helped 42 users assess their financial situation, in add ition to making 45 referrals a nd slgnposts to partner organisations like Money A+E, connecting individuals with specialized advice and support. 121Page Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 £180,000 45 of savings (including clearance of debts) achieved by users as a result of our welfare and f inancial literacy sessions Users successfully swapped energy supplier5 74 Users gained proficiency in online banking A key outcome of ourguidance and advocacy work has been an increase in the number of residents accessing welfare benefits that they are entitled to, and the valuable knowledge gained resulting in improved financial security. Older People's Project In Newham 37% of older people are living in income deprived households compared to the national average of 14Yo. With 73Yo of Newham residents being of Black, Asian or other minority ethnic backgrounds the impact is greater for them (Age UK, Pension Poverty Report 2021). Through our close interactions with older people and partner organisations working with elders, particularly from Black, Asian and other m inority ethnic backgrounds, we recognise that d igital exclusion continues to be a key barrier to their overa15 wellbeing. Therefore, our Older People's Project continues to focus on enhancing their digltal inclusion, fostering independence and reducing loneliness through structured d igital skills workshops and social initiative5. User's Voice User's Voice We ure older now so it's hard, but we are havingfun doing this" "I lookforward to come. every week l am happy to come here" User's Voice "Many of us thought it wa5 too late to learn something new, but you've shown us that we can keep going, no matter our oge." 13 IPage Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Our Digital Inclusion and Skllls Development activities were delivered through our weekly Digital Coffee Morning sessions for 46 weeks where older users accessed digital devices, received guidance and developed skills such as video calling, online shopping and social media use. 150 older people were supported to be more independent through improved digital inclusion and confidence and were able to engage in fulfilling peer activities that led to reduced loneliness and greater control of their lives in accessing essential and wellbeing services when needed. Personal Stories such as Marion's, captured in our case study, illustrate how digital engagement empowered participants with new found skills, enhancing their confidence and reducing isolation. Participants were able to access online health services, exercise groups, and make appointments. Our collaboration with Subco Trust (Asian elders and carers), Pinnacle Housing and other community groups supported this effort, ensuring residents living in sheltered accommodation or attending daycare centres could also benefit. The Older People's Project has delivered 137 engaging sesslons across various community locations like Aston Mansfield Community Centre, Manor Park Library Pinnacle Community and Housing, Subco Trust, Trinity Centre reaching 157 unique individuals aged 55 and over. Summary Through d iverse venues, the project successfully supported older individuals by promoting social inclusion, breaking isolation, offering arts and crafts, digita I skills sessions, events a nd celebrations and financial literacy - all of which demonstrated our commitment to empowering elders in the community. Case Study Marion attended our weekly sessions deliveredfrom the Pinnacle Centre in the Royal Docks area. She wos an outstunding example in terms of completing the Learn My Way (online) programme given her health conditions, mobility needs and memory loss. In the pt75t she tells us, she used to Use a typewriter L7nd is now learning the new version of it- tapping on her mini tabletscreen, which she receivedfrom us as port of our device give way scheme. She loves to do her online crosswords, can write text messt7ges on WhotsApp and perform voice and video calls with our support. Her enthusiasm is as strong os it WGS on herfir5t day- her joy to see us and her wonderment at her own achlevements - these are all ways our se55ions hove impucted on her, especlally her mentoj ond physicol wellbeing and her opportunity to socialise with her peers. The experience has been rewardingfor her, in addition to her digital confidence. ML7rion's Voice "I would never have the confidence to do computer alone, I like the help to use 141Page Trustees Annual Report 2023-2024 | www.ski11senterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Fostering Independence: Participants gained tools to independently manage tasks like online banking and shopping, helping them feel more self-reliant. Every new skill brought with it a sense of autonomy that our participant5 had not felt in years. One participant, Nanda, even ventured into Facebook Marketplace discovering a little entrepreneurial spirit she did n't know she had. Each new skill opened doors to independence, allowing our participants to feel that they were once again in control, capable of handling things like online banking or booking their own appointments. Bulldlng Community and Reducing Loneliness. Over time we have seen friendships blossom as older people connected over shared stories, interests and life experiences. There has always been much excitement when we organise our many events including celebrations of Eid, Diwali, and Christma5 that turn into moments when everyone feels a sense of belonging. These gatherings became our way of celebrating life. For our participants, dressing up and coming together felt like a celebration of who they are and all they have overcome. Events like these allowed everyone to feel seen, appreciated, and cherished, Nanda's Voice User's voic.e "Mony of us thought it was too late to leorn something new, but you've shown us that we can keep going, no motter our age.- e love celebrations and events, gives us on opportunity to dress up andfeel special" Digital Champion's Voice "At our seniors, coffee morning ot Subco day centre most of our user5 don't See a device os just a working tool but also as a kind of entertoinment, e5peciallyfor our users who ore more vulnerable with medical conditions and in consequence more digitally excluded". Arts and Creative Expression: The project integrated arts sessions, providing an opportunity for our users to connect with activities they once loved- promoting mental wellbeing and offering creative outlets. Users engaged in painting, crafting, and other artistic sessions that enhanced their emotional health and strengthened Social bonds through shared interests. Sessions were well attended with a consistent group of 15-20 participants and new people showing interest in art as a form of relaxation. We are delighted that our Older People's Project has meaningfully improved participants, quality of life by reducing loneliness, enhancing digital literacy, and providing a sUPPOrtive community space- with our success evidenced through the testimonials of the older people. As a result of our work, 124 0Sder users have improved quality of life, physical and mental wellbeing and social relationships as well as access to support and arts activities that have reduced their experience of isolation and increased their sense of fulfilment. 15 IPage Trustees Annual Report 2023-20241 www.ski115enterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Volunteering Support Project In the reporting year, 24 Digital Champions devoted over 4,347 hour5 to supporting others - enabling community members to gain digital literacy. They played an integral role in peer-to-peer training aided by platforms like Learn My Way and Digital Unite. 18 of our Digital Champions have found employment, some joining us as Digital Champion Assistants, a testament to their dedication and growth. 2023 National Digital Champion Award Winner! S initiolly joined us to seek employment support. Through Skills Enterprise, S developed her confidence, organised digital skills sessions at her child's primary school, and went on to earn recognition as the 2023 Notionol Digital Champion Award Winner. Some of our volunteers also undertook roles as Health Champion5 helping residents use the NHS app and access essential health seNices online. Additionally, 6 users became Climate and Clean Alr Champions, and 4 registered as Cost*of-Living Crisis Champions with Newham Council, expanding their roles as community advocates. Community Cohesion Social, cultural a nd other celebrations provided positive and engaging activitie5 throughout the year that created a sense of belonging and community connection when so many experienced isolation and loneliness. We delivered a range of community and social events linked to cultural, civic and community developments including linking with UK Parliament Week and Get Onllne week- during which participants learnt how to use the internet, conduct online research about Parliament and shop for items online at affordable prices. Festive celebrations were organised too including for Christmas, Eid and Diwali with food, music, dance and games and a fun filled celebration. Collaborative Partnerships Working in partnership with local networks and community organizations has enabled us to combine and make the best use of our specialisms and expand our capacity to support more residents in need. We continued to develop strong partnershlps with various organizations such as: Money A+E, Our Newham Money, Project 17, Turn2Us, Birkbeck University, DWP/Job Centres, Alternative Trust, Higgins, RAMFEL, Churches, Schools, Mosques and Temples, FCA, Food Banks, Debt Free Advice, NHS, Green Doctor Team-Groundwork London, Carpenters Café, Magpie Project, Heal Together, First For Health, Hope for Humanity, Bonny Downs Community A550ciation, Royal Docks Learning Centre, Compost Newham, UEL, WHTV, Start Now CIC, One Newham, Compass NHS, Aston Mansfield Fitter Finance, Loughborough Univer51ty, Trinity Community Centre, SUBCO, East Edge Community, BD Church, ELBA, Advice UK, Newham Libraries, Newham Renewal Project, ACDA, Staywell Partnership, Ageing Well Newham, Rabbits Road. 161Page Trustees Annual Report 2023-20241 www.ski11senterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 This collaboration enables us to provide effective referrals for our users a nd enhance the quality and diversity of support available to them. We continue to explore opportunities for collaboration as this is the way forward to ensure sustainable services and support for marginalised and vulnerable communities in Newham. Collaborations with organi5ations such as Lloyds Academy, Carpenters Café, Smallwood Trust, and Newham Council have been instrumental in helping us reach a broader audience and providing vital sUPPQrt services. Notably, our partnership with the Smallwood Trust focuses on supporting local women experiencing gender- based financlal insecurity. We continued as active members of the Newham Antl-Poverty Alliance and lead for the Ski115 DeveSopment and Employment Strand - mutually referring vulnerable and isolated users to access crisis support and help with f inding employment, as well as financial and d igita l exclusion. We remain the lead organi5ation for delivery of the Newham Digital Hub to Newham's Digital Inclusion Strategy. Support from Funders and Partners We would like to thank ourfunders and partners for working with us to make a difference to the quality of life for often marginalised, vulnerable and isolated local residents: without their support, Skills Enterprise simply could not continue to achieve its aims and objectives. Funders.. London Borough of Newham, Good Things Foundation, The Mayor's Office, Groundwork, City Bridge Trust, National Lottery Community Fund, First for Health, Lloyd5 Bank Foundation, London Community Foundation, East End Community Foundation, Subco Trust, Aspers, Trust for London, Royal Docks Trust, Alternatives Trust, Sucden Flnancials, Westfield's Foundation Futures, House of Lords, Alternative Trust and Carpenters Cafe Affiliations and Membership We continually look to improve the quality of work through training, accreditations and membership or affiliation to relevant bodies within the sector. These currently include: Advice UK Member Digital Unite Member ROPES (Older People Employment Support) National Digital Inclusion network Certificate of Specialist Network Membership-Housing and Homelessne55 Network Certificate of Specialist Network Membership-Employability Certificate of Specialist Network Membership-ESOL Certificate of Specialist Network Membership-Health and Wellbeing Member of Money Guiders Network School Home Support- Member Refugee Employment Network IRENI membership 17 IPage Trustees Annual Report 2023-20241 www.ski11senterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 GOING CONCERN The Trustees have been meeting regularly to monitor Skills Enterprise's financial position. At the end of March 2024, we had unrestricted reserves of £80,64712023: £70,880) which represents 4.5 months, of running costs. At the time of writing this report in the third quarter of 2024-25 we have achieved sufficient income to cover our expected costs for the year with a number of funding requests in the pipeline. Our current financial forecast runs until the end of March 2026. It is based on cautious income assumptions and shows that with the reserves we expect to have at the end of March, we are a going concern. PLANS FOR FUTURE PERIODS In the coming year our work wlll continue to join forces with Newham based charities, community centres, Council departments and others to make sure no Newham resident nor child in our area are suffering in low income, poverty or digital exclusion, support or access. We will give priority to: Expanding Digital Inclusion and Support for Digitally Excluded Users Digital Literacy Programmes: Develop accessible tech and d igital literacy courses tailored for all users, focusing on practical applications like online banking, job searching, and engaging with emerging technologies. Device Access and Data Support: Partner with local businesses and tech foundations to provide subsidized or free devices and data packages for low-income households, older adults, and other underserved groups. Enhanced Online Safety Training: Offer workshops on scam awareness and online safety for all community members, helping them navigate the digital world securely and confidently. Why This Is Important: In an increasingly digitised society, those without d igital skills or access are at risk of being excluded from essential services, employment opportunities and social connections. Bridging the digital divide ensure5 everyone can access education, healthcare, and financial support while remaining connected. Job Readiness and Employment Support Develop Employment Skllls Hub; Offer tailored support in CV building, interview preparation, job search strategies and essential workplace technology skills for people of all backgrounds. Tech for Employment: Introduce advanced tools and software training to help users adapt to modern workplaces and stay competitive in the job market. Why This Is Important: Access to employment and career development opportunities is vital for economic independence and community well-being. Equipping individuals with the ski115 and confidence needed to secure and retain employment can transform lives and strengthen loca5 economies. 181Page Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Support for Older People Community Digital Hangouts: Create welcoming spaces where older adults can learn to use technology, access digital services, and build social connections, reducing isolation and improving well-being. Why This Is Important: Older people often face unique challenges, including digital exclusion and loneliness. By fostering digital engagement, Skills Enterprise can help older residents remain connected, active, and supported in a rapidly changing world. Community Collaboration and Partnerships New Strategic Partnerships: Collaborate with local councils, tech companies, and community organizations to bring specialized resources and expertise into the community. Collaborative Funding Applications: Seek joint applications for la rger grants focused on digita l inclusion, employment support, and financial literacy. Why This Is Important; Partnerships amplify impact, enabling Skills Enterprise to leverage shared resources a nd expertise. By fostering colla boration, we can expand our reach, deliver sustainable solutions, a nd create more inclusive communities. strengthening Organisational Development Marketing and Communication: Enhance marketing strategies to better communicate our mission, impact, and services to the community a nd potential partners. Invest in socia I media, website development, and outreach campaigns to engage wider audiences. Systems and Procedures Implementation: Streamline internal processes by adopting modern ma nagement systems for tracking users, managing resources, and del ivering services efficiently. Impact Evaluation: Undertake independent evaluation of our programmes to measure their effectiveness and outcomes, identifying successes and areas for improvement, using the findings to refine our strategies and to better address community needs. Diversify our income streams: Enhance our in-house fundraising capacity to increase our income from core funding sources, contract5 and unrestricted income generated from our training and emerging consultancy services. Why This Is Important: Developing a robust orga nisational infrastructure strengthens Skills Enterprise's ability to deliver on its mission, maintain transparency, and ensure long-term sustainability. Evaluating and learning from our efforts will maximise impact and build trust with stakeholders and the community. 19 IPage Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 FINANCIAL REVIEW Reserves Policy The Trustees have been meeting regularly to monitor Skllls Enterprise's financial position. As at 31 March 2024 our tota5 reserves stood at £223,872. Deducting Restricted Funds leaves free reserves at £80,64712023: £70,880) which represents 4.5 months of expenditure which is in line with our reserves policy. Signed on behalf of the Trustees Director/Trustee Date: 2+-11-24 fv7uL4fv mod Slk( 4bdii 20 IPage Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 Independent Examiner's Report to the members of Skills Enterprise Ltd I report on the accounts of the charity for the year ended 31st March 2024, which are set out in the following pages. Respective responsibilities of trustees and examlner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011. "the 2011 Act" and that an independent examinatlon is needed. Having satisfled rnyself that the charity is not subject to audit under company law and is eligible for independent examination, It Is my responsiblllty to.. Examine the accounts under section 145 of the 2011 Act,, To follow the procedures laid down in the general directions given by the Charlty Commission under section 145151{bl of the 2011 Att. and To state whether particular matters have come to my attention, Basis of Independent examinerf5 report My examination w3s carried out In accordance with the general Directlons given by the Charlty Commission. An examinatlon Includes a revlew of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also Includes consideration of any unusual items or disclosures in the accounts, and seeking explanation s from you the trustees concerning any such matters. The procedures undertaken do not provide all the evSdence that would be required in an audit and consequently no oplnlon is given as to whether the accounts present a 'true and fair view, and the report 15 limited to those matters set out in the statement below. Independent examinerfs statement In connertion with my examination, no matter has come to my attention., la) Which gives me reasonable cause to believe that in any material respect the requirements.. To keep accounting records in accordance with section 386 of the companies Act 2006: and b. To prepare accounts which accord with the accounting records, comply wlth the Charities Act 2011 and the SORP IFRS102) "Accounting and Reporting by Charitie5 issued in March 2015. have not been met; or Ibl To which, In my opinion, attention should be drawn In order to enable a proper understandlng of the accounts to be reached. SJZ7gxtgr Brian Dexter Chartered Management Accountant 172 Sandford Road East Ham London E6 3PX Dated...4.4 21 IPage Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Funds Funds Total 2024 Total 2023 Note Income and Endowments from Grants, Donations and Legacies £ 10,082 £ 281,472 £ 291,554 £ 178,028 Total Incoming Resources £ 10082 £ 281472 £ 291554 £ 178 028 Ex enditure on: Raising Funds Charitable activities Train ing activities £ 217,590 £ 217,590 £ 168,113 Total cost of Charitable activitles £ 217,590 £ 217,590 £ 168,113 Other costs 315 3,377 £ 3,692 1,533 Total resources expended 315 £ 220,967 £ 221,282 £ 169,646 Net movement in funds{before Transfers) £ 9,767 Transfers between fund5 £ 60,505 £ 70,272 £ 8,382 Net movement in funds Reconciliation of Funds: Fund balances 1st April 2023 £ 60505 £ 70272 £ 70,880 £ 82,720 £ 153,600 £ 145,218 Fund balances 31st March 2024 £ 80 647 143 225 £15 This statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. It includes all gains and losses in the year therefore a statement of total recognised gains and1055es has not been prepared. All of the organisation's operations are classed as continuing. 22 IPage Trustee5 Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 Fixed Assets Tangible Fixed Assets £ 759 Current Assets Debtors & Prepayments Cash at bank or in hand £ 278 513 £ 278,513 £ 181,616 Creditors: amounts due within One year £ 55400 £ 29027 Net Current Assets £ 223 113 £ 152 589 Creditors: amounts falling due after more than one year. Net Assets £ 223 872 Income Funds Restricted Funds General Funds Total Funds £ 143,225 £ 80647 £ 82,720 £ 70880 £ 223 872 Forthe year ended 31 March 2024 the charity was entitled to exemption from Audit under section 477 of the Companies Act 2006 relating to small companies Trustee Declarations The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements These financial statements were approved by the members and authorised for issue on signed on r behalf by 4Ltliila and Dire and Trustee Director and Trustee g44k,- 4b4AotX ' /&*Y SyrfOQ& 23 IPage Trustees Annual Report 2023-20241 www.ski115enterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2024. Accounting Policies Basis of preparation The accounts have been prepared under the historic cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice: Accounting and Reporting by Charities issued March 2005 and updated May 2008, and the Charities Act 2011. Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objects of the charity and which have not been designated by the trustee5 for other purposes. These funds are held to finance both working capital and capital investment. Incoming Resources Incoming resources are credited in the accounts when they are received, except that: income tax recoverable on Gift Aid donations is credited at the same time as the related donation. Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources Performance related Grant income is only included in the SOFA once the related goods and Services has been delivered Volunteer Help is not included in the accounts as its value cannot be measured with sufficient reliability, but it is described in the trustees, annual report. Resources expended Liabilities are recognised in the account5 at the time when a commitment to make payment is incurred. Governance costs include the preparation and examination of statutory accounts, cost of trustee meetings and any legal advice to trustees on matters of governance Tangible fixed assets and depreciation Tangible fixed assets are stated at C05t less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows: Fixtures, fittings and equlpment Computer Equipment 25% p.a on reducing balance. 250/0 p.a on reducing balance. 241Page Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 NOTES TO THE FINANCIAL STATEMENTS (Continued} FOR THE YEAR ENDED 31st March 2024. 2. Voluntary Income Current Year Unrestricted Restricted Funds Funds Total 2024 Total 2023 Donations, Grants and Legacies General Funds Donations HMRC Birbeck College Employment Support London Borough of Newham London Community Foundation Aspers Good Cause ESF Groundwork Welfare Guidance Trust For London Sucden Financials EU5S Skills Development The National Lottery Community Fund Good Things Foundation Royal Docks Trust Foundation for Future London London Borough of Newham Community Cohesion LBN Welcome Newham Volunteers and Support NHS First for Health Organlsatlon Development Lloyds Bank Foundation Older People City Bridge Foundation Multiple categorles Alternatives Trust Higgins construction New Philanthropy Capital Compost London Bonny Downs Church House of Lords Virgin Media102 Lloyds Bank Foundation 3,667 1,750 3,667 3,000 1,872 5,000 75 1,250 2,300 2,300 E 43,119 3,925 43,119 3,925 £ 43,115 £ 14,670 26.700 9,000 £ 26,700 10,000 £ 26,700 1,000 852 59,910 £ 59,910 £ 29.480 810 17,481 20,000 17,481 20,000 £ 11,000 3,000 £ 16,850 11,249 11,249 8,875 8,875 50,000 50,000 29,196 29,196 7,585 1,365 1,365 1.365 2,294 £ 10.000 500 280 767 767 330 2,250 Total £ io £ 28 £ 17 25 IPage Trustees Annual Report 2023-20241 www.ski115enterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31st March 2024 Voluntary Income Prior Year. Unrestricted Restricted Funds Funds Total 2023 Total 2022 General Funds UCL Power Bar £ 1,872 1,872 1,872 loo HMRC Birbeck College Employment Support PTC Colours City Bridge Foundation London Community Foundation ESF Groundwork Welfare Guidance Trust For London £ 4,490 75 510 5,000 75 4,000 4,611 £ 41,208 43,115 14,670 43,115 14,670 1,711 £ 26,700 852 £ 26,700 852 EUSS Skills Development The National Lottery Community Fund Good Things Foundation Royal Docks Foundation for Future London London 8orough of Newham Community Cohesion Newham Community Renewal PSaistow South Big Local Volunteers and Support Lloyds Bank Foundation Older People City Bridge Foundation Multiple categorle5 Bylldog Trust Alternatives Trust Higgins construction New Philanthropy Capital Compost London Bonny Downs Church Vlrgln Media102 Lloyd5 Bank Foundation Locallty Total 3,000 29,480 810 £ 11,000 3,000 £ 16,850 £ 29,480 810 11,000 3,000 £ 16,850 £ 8,603 £ 20,650 5,429 280 170 7,584 7.584 £ 15,000 1,365 2,294 £ 10,000 500 280 330 2,250 1,365 2,294 £ 10.000 500 280 330 2,250 £ 30,000 £ 171591 £ 14108 261Page Trustees Annual Report 2023-2024 | www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31st March 2024 3. Other Costs Unrestricted Restricted Funds Funds £ 250 Total 2024 £ 250 Total 2023 £ 250 Governance: Independent Exam Bank Charges Insurance Accountancy Fees Total Governance costs 65 65 63 £ 743 £ 743 £ 960 £ 260 £ 31 4. Net Incoming Resources for the year This is stated after charging: Depreciation 2024 2023 251 5. Payments to Trustees No salaries or wages nor expenses have been paid to the members/trustees during the year. 6. Tangible Fixed Assets Fixture5 Computer Equipment Total & Fittings Cost As at 1st April 2023 Additions Disposals As at 31st March 2024 330 £ 15,254 £ 15,584 330 £15254 £15 584 Accumulated Depreciation As at I" April 2023 Charge for year On disposals As at 31st March 2024 318 £ 14,256 247 £14,574 £ 251 322 £ 14504 £14826 Net Book Value As at 31st March 2024 As at 31st March 2023 £ 759 27 IPage Trustees Annual Report 2023-20241 www.skillsenterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 NOTES TO THE FINANCIAL STATEMENTS {Continued) 7. Creditors- Amounts falling due within one year Deferred Income Taxation and social security Trade Creditors and Accruals Total 2024 2023 £ 4,643 555 £ 23829 £ 17,481 £ 3,153 £34766 8. Capital commitments At 31st March 2024 the Charity had no capital commitments12023 Nil). 9. Restricted Income Funds Balance Income Outgoing Funds Balance at 1st April 23 Resources resource5 Transfers 31 March 2024 £ 26,878 £ 47,044 £ 47,695 £ 26,227 £ 18,668 £ 35,700 £ 30,404 £ 23,964 £ 24,848 £ 97,391 £ 78,175 £ 44,064 £ 11,249 £ 3,263 £ 7,986 £ 8,875 £ 2,519 £ 6,356 £ 50,000 £ 24,943 £ 25,057 £ 29,196 £ 23,207 £ 9,571 £ 2017 £ 10761 £2 220 967 Current Year Employment Support Welfare Guidance Skills Development Community Cohesion Volunteering Support Organisational Support Old People Multiple Strands £ 3,582 £ 82720 Prior Year Balance Income Outgoing Funds Balance at l April 22 Resources resources Transfers 31 March 2023 £ 4,091 £ 57,785 £ 34,998 £ 9,390 £ 57,032 £ 47,754 £ 36,317 £ 31,660 £ 43,129 st Employment Support Welfare Guidance Skills Development Community Cohesion Volunteering Support Old People Multiple Strands £ 26,878 £ 18,668 £ 24,848 £ 7,585 £ 4,003 £ 28472 £ 17530 £ 37258 1591 £1 £ 3,582 28 IPage Trustees Annual Report 2023-2024 | www.ski11senterprise.co.uk
SKILLS ENTERPRISE LTD Financial Statements Year Ended 31st March 2024 For description of the various funds detailed above please see the Trustees report on activities and achievements duringthe year. NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31st March 2023 10. Analysis of net assets between funds Unrestricted Funds 759 £ 81,298 Restricted Funds Tangible Fixed Assets Current Assets Creditors Total Total 759 £ 197,215 £ 278,513 11. Employees During the year the charity had an average of one (2023: one) full time employees and ten (2023: nine) part time employees. The total employment cost was £165,547 (2023: £133,708). No member of staff received remuneration over £60,000. 2024 2023 Gross Salaries ER NIC £ 152,820 10,728 £ 122,417 9,392 ER Pension costs Total £ 165,547 £ 133,708 Skills Enterprise makes defined contributions payments to an auto enrolment pension scheme where the employee qualifies for auto enrolment. 291page Trustees Annual Report 2023-2024 | www.5killsenterprise.co.uk