Company registration number: 07362533 Charity registration number: 1139807
Reclaim Project Limited
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 August 2023
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Reclaim Project Limited
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 21 |
Reclaim Project Limited
Reference and Administrative Details
Trustees Olivia Clarke Catherine Brown Monica Mwanje Peter Dickens Victoria Langer D Kay Polley, Chair Senior Management Team Becky Bainbridge, CEO Katie Shaw, Head of Campaigns Charity Registration Number 1139807 Company Registration Number 07362533 Registered Office Manchester Deaf Centre Crawford House Booth Street East Manchester M13 9GH Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Reclaim Project Limited
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Olivia Clarke Bruce Green (resigned 16 January 2023) Catherine Brown Monica Mwanje Peter Dickens (appointed 16 January 2023) Victoria Langer Raakhi Shah (resigned 21 March 2024) D Kay Polley, Chair (appointed 16 January 2023)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 1 September 2010 and most recently amended 2 March 2021. It has no share capital and the liability of each member in the event of winding-up is limited to £10.
Recruitment and appointment of trustees
Trustee roles are advertised nationally, through online recruitment sites and social media platforms. Prospective trustees are asked to submit an application letter, and shortlisted candidates are invited to interview with young people from RECLAIM, and Trustees and Staff.
Objectives and activities
Objects and aims
The Charity's objects are specifically restricted to the following:
To develop the capacity and skills of the socially disadvantaged community, initially of Greater Manchester, but extending elsewhere in Great Britain, in such a way as they are better able to identify and help meet their needs and participate more fully in society.
Objectives, strategies and activities
We deliver our mission in 3 ways: ~ We run a range of campaign leadership programmes for young working-class people. ~ We support working-class young people to run campaigns locally and nationally on issues they are passionate about to get their voices heard and win change.
~ We support organisations looking to become more inclusive of working-class talent and expertise.
Page 2
Reclaim Project Limited
Trustees' Report
Public benefit
The beneficiaries of RECLAIM's work are primarily working-class young people aged 12-25.They are drawn from Greater Manchester and, to a lesser but growing extent, the wider North West and UK. Many of the campaigns they run have a national impact for all working-class young people. RECLAIM also works to support organisations to become more inclusive of working-class talent which benefits a wider age-range of working people nationwide.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Use of volunteers
RECLAIM is very grateful to the volunteers who assisted our work during the year. Their support on our programmes has played an essential part in delivering the results detailed in this report.
Achievements and performance
Leadership and Governance
2022/23 was a year of internal transition for us as we began the new financial year with a new CEO. Following a review of our structure against our strategic direction of travel we recruited to the newly created role of Head of Campaigns in order to place further focus on this aspect of our work, and to bolster our Senior Leadership team.
Additionally, we were delighted to introduce two new Trustees to our Board. Kay Polley and Peter Dickens were confirmed as Chair of Trustees and Treasurer, respectively, in January 2023. This follows the departure of longstanding Board member, Bruce Green, who had come to the end of his tenure with RECLAIM.
Highlights of RECLAIM’s activities 22/23
Power Up:Full Time Fierce
The second cohort of our programme for working-class young women and non binary people, examining themes of Gender Injustice at the intersection with social class, was delivered in Stockport. Campaigns emerging from this cohort include Queer Up - a working-class LGBTQ+ group, and a campaign to highlight and challenge abuse in sport.
Youth Scrutiny Panel
Working with Bolton at Home, a large housing association in Greater Manchester, we have established their first Youth Scrutiny Panel, designed to place the voices of young tenants at the heart of policymaking. This inaugural year of activity led to the review and redesign of the organisation’s Repairs Policy, affecting over 18,000 households, and appearances at National Conferences to talk about their success.
Time to Shine
We were once again supported through the Rank Foundation’s ‘Time to Shine’ scheme which provides funding for those looking to begin a career in the charity sector with the opportunity of an apprenticeship. Through this scheme we were able to bring our colleague Mike into the organisation as an Apprentice Youth Worker, working on the Young Policy Makers programme. Mike has really embraced his new vocation, having previously worked in retail, and will join us on a new permanent Youth Worker contract at the end of his apprenticeship.
Missing Experts
The launch of our ‘Missing Experts’ report took place in September 2022 with eight organisations from the Think Tank and Anti-Poverty Charity sector signing our pledge to demonstrate a commitment to being class inclusive as a result of the research, with many more showing a keen interest in exploring this aspect of Equality, Diversity and Inclusion for their own organisations’ workplace policy and practice.
Page 3
Reclaim Project Limited
Trustees' Report
Liberty
We embarked on our first major consultancy project in 2022 with the human rights organisation Liberty. Expected to be a year-long deep dive into how the organisation can better attract, serve and progress working-class talent, this piece will conclude with a report setting out results of the research alongside a set of practical recommendations to support Liberty’s commitment to class inclusive practice.
Awards
We were thrilled to see one of our young changemakers be recognised for her work to highlight the importance of education and conversations around periods. Anisa has created the ‘Let periods flow’ campaign as part of her work on our Power Up:Full Time Fierce programme and was rewarded for her hard work at the 2023 Manchester Youth Buzz Awards where she won the ‘Outstanding achievement’ accolade.
Financial review
While we end this financial year with a (relatively small) deficit, we are pleased to have made a notable amount of headway in reducing expenditure while sustaining our income, compared to 21/22. Included in our expenditure for 22/23 was a one-off cost of living payment, made to all employees (excluding two senior leaders) in recognition of the incredibly challenging financial pressure on colleagues.
The progress made this year will allow us to carry forward a strategic rebuild in terms of a structure, systems, and offer that balances the reality of the funding landscape with our objective of making significant systemic change.
Policy on reserves
RECLAIM’s reserves policy is to maintain a level of unrestricted funding that would cover the costs of responsibly closing the organisation should unforeseen financial difficulties require this to happen. The policy put in place by the Trustees therefore states that RECLAIM requires a level of enough unrestricted reserves to cover the running costs of a three to six month period. This policy was reviewed in 2023 and will be reviewed again in 2024.
At the end of 22/23 we have six months of future operational costs covered by our unrestricted funds (in accordance with our Reserves Policy). Our current position demonstrates that against an increasingly challenging funding and political landscape, RECLAIM’s work remains a viable and vital offer for working-class young people. We expect that there will continue to be an increase in the demand for our work from young people as they navigate escalating levels of financial hardship alongside scarcity of services that are available to support their mental health. In parallel with this demand, we know that competition for funding will increase exponentially which will present further challenges in being able to meet the needs of working-class people.
Unrestricted funding is increasingly hard to secure through more traditional routes such as trusts and foundations due to the volatile financial landscape. To this end, RECLAIM has in place a new income generation strategy which focuses explicitly on increasing unrestricted funding through the diversification of income streams.
Page 4
Reclaim Project Limited
Trustees' Report
Principal risks and uncertainties
Financial Instability
As is the case for the whole of the non profit sector, the current financial instability of the UK economy is a cause for concern. Continually rising costs affect direct delivery expenditure, and the complexity of need of the young people with whom we work deepens week by week as a result of the financial pressures on their families. We have seen, and expect to continue to see, an increase in the amount of capacity dedicated to delivering pastoral and safeguarding work by the team in order for young people to take part in our programmes, including signposting and working with external organisations who can provide specialist support, as per our robust safeguarding policies and procedures.
Cuts to statutory and public funding have dramatically increased the competition for available funding through philanthropic routes. Many trusts and foundations have embarked on strategic reviews of their organisational aims which has led to, in some cases, the narrowing of their criteria for funding streams that were once available to organisations of our size/location/focus. And for some funders there has been (and continues to be) a complete halt in awarding funding while they undertake these reviews, leaving huge gaps in the number of active funders that organisations can approach.
The biggest financial risks we face are:
●Further cuts to public funding meaning additional pressure on RECLAIM to deliver or support services not within our remit, resulting in additional cost.
●Funders' reviews further narrowing the criteria resulting in our ineligibility to apply for funding.
- ●Further increase in delivery costs.
To mitigate these risks we have implemented a new income generation strategy that will underpin our work in 23/24 and which will reduce a reliance on trusts and foundations - a stream which has traditionally accounted for 90%+ of all income. We will continue to review and build an organisational structure which best suits our income, intentions, and provides long-term sustainability.
Thanks
On behalf of RECLAIM and our beneficiaries we'd like to thank our volunteers, and colleagues across the sector, for their continued support. We look forward to working with you in the future. None of our work would be possible without the support - both financial and practical - of our funders. We'd like to offer our sincere and heartfelt thanks for your continued support.
A special thanks to Bruce Green, former Treasurer and Chair of Trustees at RECLAIM, who stepped down at the end of his two-term tenure in December 2022, and to Raaki Shah who served for one term on the board until March 2024.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Statement of Responsibilities
The trustees (who are also the directors of Reclaim Project Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Page 5
Reclaim Project Limited
Trustees' Report
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 23 May 2024 and signed on its behalf by:
......................................... D Kay Polley Trustee
Page 6
Reclaim Project Limited
Independent Examiner's Report to the trustees of Reclaim Project Limited ('the Company')
Independent examiner’s report to the trustees of Reclaim Project Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
23 May 2024
Page 7
Reclaim Project Limited
Statement of Financial Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 85,661 15,861 101,522 (1,423) (143,778) (145,201) (43,679) 20,778 (22,901) 99,484 76,583 |
Restricted funds £ - 291,425 291,425 - (259,092) (259,092) 32,333 (20,778) 11,555 158,030 169,585 |
Total 2023 £ 85,661 307,286 392,947 (1,423) (402,870) (404,293) (11,346) - (11,346) 257,514 246,168 |
Total 2022 £ 26,090 358,871 |
|---|---|---|---|---|
| 384,961 | ||||
| (3,359) (457,015) |
||||
| (460,374) | ||||
| (75,413) - |
||||
| (75,413) 332,927 |
||||
| 257,514 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 16.
The notes on pages 11 to 21 form an integral part of these financial statements. Page 8
Reclaim Project Limited
Statement of Financial Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net expenditure Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 26,090 92,365 118,455 (3,359) (143,665) (147,024) (28,569) (9,331) (37,900) 137,384 99,484 |
Restricted funds £ - 266,506 266,506 - (313,350) (313,350) (46,844) 9,331 (37,513) 195,543 158,030 |
Total 2022 £ 26,090 358,871 |
|---|---|---|---|
| 384,961 | |||
| (3,359) (457,015) |
|||
| (460,374) | |||
| (75,413) - |
|||
| (75,413) 332,927 |
|||
| 257,514 |
The notes on pages 11 to 21 form an integral part of these financial statements. Page 9
Reclaim Project Limited
(Registration number: 07362533) Balance Sheet as at 31 August 2023
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand 11 Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 16 Unrestricted income funds Unrestricted funds Total funds 16 |
2023 £ - 3,862 252,547 256,409 (10,241) 246,168 246,168 169,585 76,583 246,168 |
2022 £ 591 17,556 258,260 |
|---|---|---|
| 275,816 (18,893) |
||
| 256,923 | ||
| 257,514 | ||
| 158,030 99,484 |
||
| 257,514 |
For the financial year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 8 to 21 were approved by the trustees, and authorised for issue on 23 May 2024 and signed on their behalf by:
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.........................................
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......................................... D Kay Polley Trustee
The notes on pages 11 to 21 form an integral part of these financial statements. Page 10
Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Reclaim Project Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 11
Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Office equipment and computer equipment 25% on a straight line basis
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds |
Unrestricted funds General £ 85,661 85,661 |
Total 2023 £ 85,661 85,661 |
Total 2022 £ 26,090 |
|---|---|---|---|
| 26,090 |
3 Income from charitable activities
| Grants and donations Sales & fees Sundry income |
Unrestricted funds General £ - 15,567 294 15,861 |
Restricted funds £ 291,425 - - 291,425 |
Total 2023 £ 291,425 15,567 294 307,286 |
Total 2022 £ 355,911 - 2,960 |
|---|---|---|---|---|
| 358,871 |
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
| 4 Grants & donations Comic Relief Esmée Fairburn Foundation Young Manchester The Blagrave Trust The Co-operative Foundation The Rank Foundation Liberty Bolton at Home The Big Give Trust Savage MA Royalties Sundry grants & donations 5 Net incoming/outgoing resources Net outgoing resources for the year include: Depreciation of fixed assets 6 Expenditure on raising funds |
Unrestricted funds £ - 80,000 - - - - - - 1,492 1,350 2,819 85,661 |
Restricted funds £ 125,530 - 50,000 47,300 37,625 24,370 5,000 1,600 - - - 291,425 2023 £ 591 |
Total £ 125,530 80,000 50,000 47,300 37,625 24,370 5,000 1,600 1,492 1,350 2,819 |
|---|---|---|---|
| 377,086 | |||
| 2022 £ 429 |
|||
a) Costs of generating donations and legacies
| Note Donations |
Unrestricted funds General £ 1,423 |
Total 2023 £ 1,423 |
Total 2022 £ 3,359 |
|---|---|---|---|
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
7 Expenditure on charitable activities
| Wages, NI & pension Depreciation Project costs Project advertising & marketing Legal & professional Printing, postage & stationery Travel & subsistence Rent & services Consultancy Training Equipment, repairs & renewals Bank charges Subscriptions IT support & consumables Insurance Office costs Telephone & internet Recruitment Sundry payments Volunteer expenses Charitable donations Trustees' expenses |
Unrestricted funds General £ 87,115 591 2,214 25 1,795 783 4,618 15,312 4,187 435 2,930 543 393 6,898 4,275 105 3,146 7,798 529 86 - - 143,778 |
Restricted funds £ 196,009 - - 850 17,238 466 12,640 1,638 15,607 5,156 3,483 - - 674 - - 655 - 2,073 2,603 - - 259,092 |
Total 2023 £ 283,124 591 2,214 875 19,033 1,249 17,258 16,950 19,794 5,591 6,413 543 393 7,572 4,275 105 3,801 7,798 2,602 2,689 - - 402,870 |
Total 2022 £ 358,478 983 1,409 30 4,341 1,469 12,489 20,494 27,668 3,730 3,565 806 - 11,568 3,688 3,886 1,307 - - - 700 404 |
|---|---|---|---|---|
| 457,015 |
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2023 £ 261,839 15,446 5,839 283,124 |
2022 £ 320,845 30,801 6,832 |
|---|---|---|
| 358,478 |
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| the year was as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| No | No | |
| Average number of employees 8 |
11 | |
| 8 (2022 - 11) of the above employees participated in the Defined Contribution Pension Schemes. | ||
| Contributions to the employee pension schemes for the year totalled £5,839 (2022 - £6,832). |
The total employee benefits of the key management personnel of the charity were £87,337 (2022 - £165,714).
9 Tangible fixed assets
| Cost At 1 September 2022 At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 10 Debtors Prepayments Other debtors 11 Cash and cash equivalents Cash on hand Cash at bank Page 16 |
Office equipment £ 1,420 |
Computer equipment £ 6,835 |
Total £ 8,255 8,255 7,664 591 8,255 - 591 2022 £ 5,639 11,917 |
||
|---|---|---|---|---|---|
| 1,420 | 6,835 | ||||
| 1,420 - |
6,244 591 |
||||
| 1,420 | 6,835 | ||||
| - | - | ||||
| - | 591 | ||||
| 2023 £ 3,586 276 3,862 2023 £ 116 252,431 252,547 |
|||||
| 17,556 | |||||
| 2022 £ 116 258,144 |
|||||
| 258,260 | |||||
Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
12 Creditors: amounts falling due within one year
| 12 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other taxation and social security Other creditors |
2023 £ 7,232 1,869 1,140 10,241 |
2022 £ 7,200 4,363 7,330 |
| 18,893 |
13 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
14 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus (previously: Third Sector Accountancy Limited) are analysed as follows:
| Independent examination | 2023 £ 950 950 |
2022 £ 1,200 |
|---|---|---|
| 1,200 |
15 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
16 Funds
| Unrestricted funds General General fund Restricted funds The Blagrave Trust Bolton at Home Charities Aid Foundation Comic Relief Campaigns Manager (Joseph Rowntree Foundation) Community Fund - Emerging Futures Programmes Team (Rank COVID) Tudor Trust Young Manchester - KCYPS The Co-op foundation - #our space Liberty Rank TTS Total restricted funds Total funds |
Balance at 1 September 2022 £ 99,484 42,693 16,948 1,300 39,077 14,242 9,697 184 29,260 4,629 - - - 158,030 257,514 |
Incoming resources £ 101,522 47,300 1,600 - 125,530 - - - - 50,000 37,625 5,000 24,370 291,425 392,947 |
Resources expended £ (145,201) (34,443) (22,007) (528) (73,718) (13,327) (5,389) - (23,745) (38,124) (32,674) - (15,137) (259,092) (404,293) |
Transfers £ 20,778 - 8,931 - (7,797) (915) (4,308) (184) - (16,505) - - - (20,778) - |
Balance at 31 August 2023 £ 76,583 55,550 5,472 772 83,092 - - - 5,515 - 4,951 5,000 9,233 |
|---|---|---|---|---|---|
| 169,585 | |||||
| 246,168 |
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
| Unrestricted funds General General fund Restricted The Blagrave Trust Bolton at Home Charities Aid Foundation Comic Relief Campaigns Manager (Joseph Rowntree Foundation) Community Fund - Emerging Futures Programmes Team (Rank COVID) Tudor Trust Young Manchester - KCYPS The Co-op foundation - #our space Rank TTS Paul Hamlyn Foundation - Act for Change Fund Bolton Council - BSCA Enterprise development programme European Cultural Foundation & English Speaking Board Manchester Histories (National Lottery Community Fund) Youth programmes (detailed below) Reclaim Campaign The Pankhurst Trust Total restricted funds Total funds |
Balance at 1 September 2021 £ 137,384 - - 2,978 - 25,534 - 184 19,846 8,359 16,942 1,458 63,122 22,064 - 3,743 - 10,967 20,346 - 195,543 332,927 |
Incoming resources £ 118,455 43,000 16,948 - 112,047 17,500 10,000 - 29,250 - - 8,157 - - 21,879 5,000 1,500 - - 1,225 266,506 384,961 |
Resources expended £ (147,024) (307) - (1,678) (65,173) (28,792) (303) - (19,836) (3,730) (17,120) (11,190) (63,579) (22,303) (28,003) (17,235) (1,500) (11,030) (20,346) (1,225) (313,350) (460,374) |
Transfers £ (9,331) - - - (7,797) - - - - - 178 1,575 457 239 6,124 8,492 - 63 - - 9,331 - |
Balance at 31 August 2022 £ 99,484 42,693 16,948 1,300 39,077 14,242 9,697 184 29,260 4,629 - - - - - - - - - - |
|---|---|---|---|---|---|
| 158,030 | |||||
| 257,514 |
Page 19
Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
The specific purposes for which the funds are to be applied are as follows:
• The Blagrave Trust - Delivery of the Young Policymakers programme, working with young working-class people in Bolton and Leigh to look at how to interrogate and influence local policy;
• Bolton at Home - Facilitation of Youth Scrutiny Board to examine and provide feedback and recommendations on Bolton at Home’s policies;
• Charities Aid Foundation - Discretionary budget for Youth Board activities with a particular focus on employability skills;
• Comic Relief - Delivery of the Power Up: Full Time Fierce Programme, working with working-class young women and non-binary people to campaign on Gender Justice themes;
• Campaigns manager (Joseph Rowntree Foundation) - Campaign Manager's salary;
• Community Fund - Emerging Futures - To fund research and consultation work into how to help communities move towards recovery and renewal after the impact of Covid-19;
• Programmes Team (Rank COVID) - Covid-19 Resilience fund;
• Rank TTS (Time To Shine) - Recruitment and retention of an Apprentice Youth Worker;
• Tudor Trust - Continued finance of the back office finance function in the organisation;
• Young Manchester (KCYPS) - Delivery of the third round of ‘Keeping Children and Young People Safe’ work, working with youth organisations across Manchester to train and inspire working-class young people to lead and take part in social action campaigns;
• #Our Space (The Co-op Foundation) - Delivery of the #OurSpace programme, working with young working-class people to deliver recommendations on how public spaces in Greater Manchester can become more welcoming and inclusive for working-class communities;
• Liberty - A research project with the human rights organisation Liberty to investigate how to better attract, serve and progress working class talent;
• Paul Hamlyn Foundation - Act for Change Fund - This fund finished in 2022
• Bolton Council BSCA - This fund finished in 2022 it was for the delivery of a leadership development and social change project (titled 'LEAD') at Bolton St Catherine's Academy;
• Enterprise Development Foundation - This fund finished in 2022 it was funding the development and exploration of RECLAIM's class consultancy service for public, private and VCSE sector clients;
• European Cultural Foundation & English Speaking Board - These funds finished in 2022, they were for staffing and resourcing campaign activities and also funding to deliver speech and language related qualifications;
• Manchester Histories (National Lottery Community Fund) -- This fund finished in 2022, it was funding to enable participation of the Peterloo commemorations;
• The Pankhurst Trust - This fund finished in 2022, it was to cover staff costs and young people's travel expenses for the Rooms of our own project;
• Youth programmes (all finished in 2022) which included the following: The Student space project - for the provision of support services during the pandemic for university students from working class backgrounds as part of the Student Space initiative; Tesco- Working Classroom for Working Classroom resources; Unbound Changemakers - continued support for campaign work; Young Manchester Creative Protagonists - working with Contact Theatre to co-deliver a 12-month pilot project called 'Creative Protagonists', enabling a group of eight young artists/performers, from working class backgrounds in Manchester to develop their first piece of commissionable work.
The transfers from unrestricted to restricted funds were to cover restricted fund shortfalls and from restricted to unrestricted funds where permitted by the funder as a contribution to overhead costs.
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Reclaim Project Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
17 Analysis of net assets between funds
Unrestricted
| Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 86,824 (10,241) 76,583 Unrestricted General £ 591 117,786 (18,893) 99,484 |
Restricted £ 169,585 - 169,585 Restricted £ - 158,030 - 158,030 |
2023 Total funds £ 256,409 (10,241) |
|---|---|---|---|
| 246,168 | |||
| 2022 Total funds £ 591 275,816 (18,893) |
|||
| 257,514 |
18 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
£Nil (2022: £418) of expenses were reimbursed to 3 members of the board of trustees for travel and subsistence expenses during the year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
19 Related party transactions
There were no related party transactions in the year.
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