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.
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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.
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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
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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.
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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.
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SKILLS ENTERPRISE LTD
Financial Statements
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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:
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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
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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.
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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
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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.
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Financial Statements
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£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."
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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
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Financial Statements
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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.
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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.
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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
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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.
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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.
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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 Sl￿k(￿ 4bdii
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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
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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.
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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
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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.
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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
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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
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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
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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
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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.
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Trustees Annual Report 2023-2024 | www.5killsenterprise.co.uk