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2023-04-05-accounts

Company Registered No. 06738318 Charity number: 1141054

FIRST UNIVERSAL ENTERPRISES

(A company limited by guarantee)

UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FIRST UNIVERSAL ENTERPRISES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Oficers and advisers 1
Directors' and trustees' report 2 – 9
Independent examiner's report 10 – 11
Statement of fnancial activities 12
Balance sheet 13 – 14
Notes to the accounts 15 – 20

FIRST UNIVERSAL ENTERPRISES LIMITED

OFFICERS AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2023

OFFICERS Directors and Trustees

Colin Bernard Adrian McGregor Donovan Johnson

ADVISERS

Bankers

Co-Operative Bank 4 - 5 Exchange Walk Nottingham NG1 2NX

Accountants Registered Office and Address

Tom Geraghty & Associates 38 - 40 North Gate Newark Nottinghamshire NG24 1EZ

Unit 7 Ellesmere Crescent Business Park Sherwood Nottingham NG5 1DX

1

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS’ AND TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and accounts for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 )( effective 1 January 2020').

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status and administration

First Universal Enterprises Limited was incorporated as a company limited by guarantee and not having a share capital on 31 October 2008 under the Memorandum and Articles of Association (Registered No. 06738318). The company registered as a charity on 1 April 2011 (Registered No. 1141054). The Charity is also known as FUEL. FUEL is a charity which operates as a Alternative Education Provider.

Trustees

The trustees of the company are also directors of the charity. Those who served during the period were as follows:

Recruitment and training of trustees

The directors of the company are charity trustees as defined by the Charities Act 2011. The charity or the directors themselves may, by ordinary resolution, appoint new directors who are willing to act. New directors are required in order that the total number of directors does not fall below three. New directors must be deemed qualified and capable of managing the business of the charity and exercising powers on its behalf. Directors do not serve a minimum or maximum period.

Induction of trustees

All new trustees are given the book "Responsibility of Charity Trustees" on appointment as well as a copy of the company's Memorandum and Articles of Association.

2

Organisational management

The directors as the trustees of the charity, are legally responsible for the overall management of FUEL and meet at regular intervals. Although Trustees may delegate specific aspects of FUEL governance to sub-committees, working groups, the management team, etc, the ultimate responsibility for taking decisions vests in the Trustees acting together as the FUEL board

Risk assessment and management

The board has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. The Trustees do not believe the charity is subject to any substantial risk beyond the liabilities disclosed in the Annual Report and Accounts. The charity has public liability and employer liability insurance to protect the charity in the case of a claim.

The Trustees, having taken advice, have introduced risk management processes to assess risks and implement risk management strategies. These include regular risk assessments by appropriately trained members of staff.

OBJECTIVES AND ACTIVITIES

The Trustees have referred to the Charity Commission's general guidance on public benefit to ensure compliance when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the FUEL'S charitable objects, which are as follows:

STRATEGIES FOR ACHIEVING OBJECTIVE

For the Board of Trustees to work in partnership with key stakeholders including:

3

FUEL’s mission is as follows:

First Universal Enterprises Limited (FUEL) seeks to transform lives by helping those most in need to gain fulfilling and sustainable employment. We aim to meet the unique educational, social, and emotional needs of our diverse pupil group in a safe and nurturing environment.

We aim to both encourage and empower pupils to develop skills necessary to pursue post 16 opportunities and give a lifelong love of learning.

At FUEL we focus on developing the “whole pupil,” by teaching and reinforcing academic, personal and the social skills needed for them to achieve success and move onto productive citizenship.

FUEL achieves its Mission by:

4

FUEL core services can be summarised as follows:

Education

FUEL has been working with young people who have been permanently excluded or on the verge of permanent exclusion from mainstream school environments in KS3/4 since 2009. The majority of our pupils are from highly deprived backgrounds and have either special educational or emotional needs.

Combined, staff at FUEL have over 20 years of experience in supporting educational provision and have experience in disciplines such as Teaching, Youth Work, Social Care, Criminology and Psychology.

We have a proven history of delivery and engaging with those pupils who require extra support around their Behavioural, Emotional and Social Development (BESD) by breaking down the barriers which young people face on a day to day basis and support them to progress either through re-integration back into mainstream schools, post 16 education, employment or apprenticeships.

Our educational and pastoral delivery is engaging and encourages aspiration, challenging personal potential. Outcomes for pupils are extremely positive. Our qualifications are carefully selected from either the KS4 performance tables or are highly industry recognised which offer direct pathways into further education, employment or apprenticeships.

These courses offer a flexible and high-quality alternative to a traditional mainstream school curriculum, whilst still trying to ensure pupils can access and achieve core GCSE subjects which supports them in their adult lives and helps them to achieve economic wellbeing.

FUEL gained Independent School Status in January 2017 and had our first full Ofsted inspection in January 2018. FUEL was graded good in all areas.

Directors are heavily involved in all areas of operations and day to day running of the provision and are actively involved in leading and supporting change and improvement. Having this presence allows for fast responses to any identified issues or interventions deemed necessary.

FUEL was graded Gold for Leadership and Management in our last NCSEP inspection and Good in our Ofsted inspection in January 2018.

Ofsted key findings included the following:

5

Information

Advice and Guidance: Identifying career goals and skills needed and forming a plan regarding progression routes early on is key in ensuring pupils progress into positive destinations. Career IAG (Information, Advice and Guidance) support is provided to all young people.

FUEL staff are Level 2-6 IAG certified. Each pupil has a progress plan which maps continued achievement and how this relates to their required Post 16 destination to college, further education, apprenticeship or training. FUEL have close links with local colleges and work closely with them in order to ensure pupils have the correct information and advice available to them as soon as possible.

Pre- Employment Training

Our carefully selected programmes endeavour to bring suitable unemployed candidates up to industry recognised standards set by employers for a range of jobs and therefore enhancing their employability.

Achievements and Performance

FUEL’s mission is to relieve poverty and meet the unique educational, social, and emotional needs of our diverse pupil group in a safe and nurturing environment. We aim to both encourage and empower pupils to develop skills necessary to pursue post 16 opportunities and give a lifelong love of learning. At FUEL we focus on developing the “whole student,” by teaching and reinforcing academic, personal and the social skills needed for them to achieve success and move onto productive citizenship.

FUEL is an Ofsted rated Good Independent School which provides bespoke packages to young people in key stages 3 and 4 with Special Educational Needs and Disabilities (SEND), which combines more traditional academic subjects with vocational learning.

We cater for those young people who struggle in mainstream environments whether they have been permanently excluded or at risk of exclusion, those without a school place and those who are disengaged or at risk of becoming NEET. Our strength is engaging with those students who require extra support around their Social, Emotional and Mental Health needs (SEMH) and who are neurodiverse. We break down the barriers which young people face on a day-to-day basis to support them to progress in education.

At FUEL, special educational needs are very important. As we are a specialist provision, pupils who come to us generally need more support than a traditional school can offer. Whilst at FUEL, pupils have the opportunity of a fresh start with a favorable ratio of staff to pupils and small classes where pupils can feel safe and reflect on their behaviour and learning whilst having additional support for social, emotional and mental health needs.

Quality of teaching is very good, regular learning walks and lesson observations take place, we reintroduced external lesson observations this year and some of these were completed in conjunction with the new Teaching and Learning Manager. FUEL also received an Ofsted visit during September, where the majority of teachers had lessons observed by two Ofsted inspectors. Teachers create an environment that enables all pupils to focus on learning which is reflected within our pupils’ results, achievements and feedback. Additional support has been put in place for new teachers to help them achieve a good quality of teaching and to provide a member of staff who knows the pupils to help develop the rapport and trust needed to ensure learners are able to engage and thus receive good quality teaching. Further support has been planned for the new academic year to support teachers who have found managing behaviour for learning challenging.

6

Overall achievement for this academic year were very good across all areas but GCSE results were definitely affected by the return to pre-pandemic marking and grading standards.

FUEL’s outstanding achievement were in Mechanics and Construction, learners received a 100% pass rate in both vocational areas.

FUEL seeks to transform lives by helping those most in need to gain fulfilling and sustainable education and employment.

As part of this FUEL is committed to ensuring that all young people are given the skills and resources to succeed, and this includes making sure that every young person can eat healthy, balanced, nutritious hot food. Therefore, we fund a daily breakfast club for every pupil who attends FUEL as well as choosing to fund a free hot school dinner for every pupil including those not on free school meals.

FUEL in the Community:

FUEL runs a food re-distribution and essential care parcel delivery service to disadvantaged families within Nottingham, with referrals from the school and numerous external agencies including Framework and Small Steps Big Changes (SSBC). FUEL currently delivers weekly food parcels to families. We also have additional emergency requests for food and toiletry parcels and more referrals coming in each week, meaning FUEL regularly makes deliveries to additional families. FUEL working with our local Councillors have provided additional food and essential item parcels including winter food parcels each Christmas period to enable a number of families to have food during the school holidays, with an additional 85 food parcels and 85 essential care parcels delivered to families of a local primary school who are in receipt of free school meals and weekly deliveries to the families of the pupils who attend FUEL. Every week FUEL utilises FairShare to form the basis of the food parcels but also buy additional fresh meat, fruit and vegetables from local supermarkets to ensure that the food parcels we provide meet individual dietary requirements and provide enough fresh produce to enable each family to cook healthy, nutritional, balanced meals. Furthermore, FUEL have provided mini recipe cards to families to show how to cook the produce in the parcels to make healthy, nutritionally balanced meals on a budget using Air Fryers and Slow Cookers to support families to cook in the most economical method possible.

FUEL has also supported local disadvantage families including those as classed as living in poverty or living in fuel poverty with one-off donations of white goods such as replacing a broken fridge or freezer, providing free slow cookers to our regular food parcel recipients who were unable to afford to use their main oven and have even purchased beds or bedding so children have somewhere to sleep when they are placed in a new property. Alongside household items, FUEL have used In Kind Direct to source a range of winter clothing including coats to enable us to donate coats and other clothing to children of the families we support to ensure that every child we work with has access warm clothing and clean clothing to help minimise the isolation or potential shame of not having clothing to wear to education.

FUEL runs community learning programmes to support vulnerable adults gain the qualifications required to enter employment and have been delivering vocational training programmes to Afghan refugees for over 3 years. This has covered Construction Skills Courses, CSCS Card Courses, Health and Safety Courses, Community First Aid Courses and Hair and Beauty Courses. These courses have been run via a range of delivery methods including twilight courses, holiday courses, after school hour courses and 1- day stand-alone courses. In the last twelve months, FUEL attended the refugee awards celebration evening, handing out over 30 certificates of achievement to the learners who had completed and passed courses at FUEL including refugees on the previous Syrian refugee programme and the current Afghan refugee programme.

7

FUEL sponsors several local children’s activities and young people’s football teams, all of whom would be unable to operate without additional funding due to the poverty levels and deprivation of the families of the children who participate. FUEL fund these football teams’ pitch hire, home and away kit, transport costs with free use of their mini bus. FUEL have supported the Under 16’s team since they first started as under-10’s, we also support an Under-18’s team and in the last 12 months have started to support a girls youth football team. All of the team’s we support are made up of disadvantaged young people, the majority of whom are from families with single parents who are registered living within the top 10% of areas of deprivation nationally. The sessions help divert young people from potential youth offending or anti-social behaviour, but also have helped young people gain a passion for participating in sport and developed soft skills from playing within a team.

FUEL'S Beneficiaries:

In keeping with FUEL's charitable objectives, FUEL continues to reach and work with clients who are disadvantaged in the labour market. This includes candidates who face different and multiple barriers to work; people who are hard to reach and who often need non-mainstreamed services and support. FUEL has an ability to reach into communities and provide services to such groups and to help them increase their employability and gain employment through education and training. This year our client profile was as follows:

FUEL'S Reserves Policy:

The current reserve policy is to maintain sufficient cash flows for known commitments.

Core costs:

In line with SORP guidelines, FUEL strives to incorporate core costs into project budgets. However, it is recognised that this is not always possible and that for some years provision needs to be made to cover core costs at the outset of each year where necessary.

Financial Review and Results for the year:

The financial results for the year are set out on pages 12 – 20.

8

FIRST UNIVERSAL ENTERPRISES LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

Trustees' responsibilities:

The trustees who are also directors of FUEL for the purpose of company law, are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006. The directors 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.

In so far as the trustees are aware:

This report was approved by the board on 28/03/2024 and signed on its behalf by:

First Universal Enterprises Limited Unit 7 …………………………………………. Ellesmere Crescent Business Park A McGregor Sherwood Director / Trustee Nottingham NG5 1DX

9

FIRST UNIVERSAL ENTERPRISES LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

FIRST UNIVERSAL ENTERPRISES LIMITED

FOR THE YEAR ENDED 31 MARCH 2023

I report on the accounts of the charity for the year ended 31 March 2023, set out on pages 9-15.

Respective responsibilities of trustees and examiner:

The charity's trustees, who are also the directors of First Universal Enterprises Limited for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section144(2) of the Charities Act 2011 (the '2011 Act') and that an independent examination is needed. The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Certified Public Accountants Association.

Having satisfied myself that the charity is not subject to audit under the company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report:

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

10

Independent examiner's statement:

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

  3. to prepare financial statements which accord with the accounting records, comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding or the accounts to be reached.

………………………………………….

Tom Geraghty BSc. FCA Dated: 28/03/2024

Tom Geraghty & Associates Ltd 38 North Gate Newark Nottinghamshire NG24 1EZ

11

FIRST UNIVERSAL ENTERPRISES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Incoming Resources
Activities in furtherance of the charity's objects:
Training and employment
2
Grants and Donations
3
Investment income
Other incoming resources
Total incoming resources
Resources expended
Charitable expenditure
Training and employment
5
Governance costs
Total resources expended
Net incoming/(outgoing) resources
for the year
5
Prior year adjustment
Funds at the start of the year
Funds at the end of the year		 Unrestricted
Funds
£
927,600
-
-
2,490
930,091
950,566
19,091
969,657
(39,566)
(15,903)
280,449
224,980		 Restricted
Funds
£
-
54,102
-
54,102
25,089
-
25,089
29,012
-
1,810
(30,822)		 Total 2023
Total 2022
£
£
927,600
725,191
54,102
131,339
2,490
535
984,192
857,065
975,655
861,177
19,091
18,983
994,746
880,159
(10,554)
(10,726)
(15,903)
(13149)
282,259
306,134
255,802
282,259

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 10 to the financial statements.

12

FIRST UNIVERSAL ENTERPRISES LIMITED

BALANCE SHEET AS AT 31 MARCH 2023

FIXED ASSETS
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total Current Asset
CREDITORS:
Amounts due within one year
NET CURRENT ASSETS/ (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITES
CREDITORS:
Amounts falling due after more than one year
Net Assets
FUNDS
Unrestricted Funds
Restricted Funds
TOTAL FUNDS		 Notes
8
9
10
11
12		 £
19,331
256,338
275,669
(120,247)		 2023
2022
£
£
£
132,632
139,919
159,754
49,200
208,954
(24,602)
155,422
184,352
288,055
324,272
(32,251)
(42,013)
255,803
282,259
£
£
224,980
280,449
30,823
1,811
255,803
282,259

The directors are satisfied that the company is entitled to exemption from the audit requirement contained in Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

13

The directors acknowledge their responsibilities for:

The accounts were approved by the board on 27/12/2023 and signed on its behalf by:

………………………………………….

A McGregor Director / Trustee

Company number: 06738318 Charity number: 1141054

14

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting Policies

Charity Information

First Universal Enterprises Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 7, Ellesmere Crescent, Business Park, Sherwood, Nottingham, NG5 1DX.

(a) Basis of Accounting

The accounts have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and the provisions of the Statement of Recommended Practice (SORP) , applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2020)and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102.

The accounts have been prepared on the historical cost basis. The accounts are prepared in sterling, which is the functional currency of the charity.

Going Concern

At time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

(b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds can only be used for particular restricted purposes with the objects of the charity. Restrictions arise when specified by the donor or when funds raised for particular restricted purposes.

(c) Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of incomes where applicable:

Fees, grants, donations and gifts received are included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.

15

These notes form part of the financial statements

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

(d) Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

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 of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and accountancy fees and other costs linked to the strategic management of the charity.

(e) Tangible Fixed Assets

Fixed assets are stated at costs less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, on the following basis:

(f) Taxation

The Company is not subject to Corporation tax being a charity.

(g) Company Status

The Company is limited by Guarantee and does not have a Share Capital. The liability of the members in the event of the company being liquidated is limited to £1 per member.

2 Training and employment income

----- Start of picture text -----
Unrestricted Restricted
Funds Funds Total 2023 Total 2022
£ £ £ £
-
Nottingham City Schools 844,421 844,421 661,176
-
Nottingham County Schools 83,180 83,180 78,770
Total 927,600 - 927,600 739,946
----- End of picture text -----

16 These notes form part of the financial statements

3 Donations and Grants

----- Start of picture text -----
Unrestricted Restricted
Funds Funds Total 2023 Total 2022
£ £ £ £
-
Sundry Grants and Donations 105,250
Restricted Grants 54,102 54,102 13,000
- -
Furlough Grant 12,118
Total - 54,102 54,102 130,368
----- End of picture text -----

4 Restricted funds

B/Fwd balance £1,811 from Education and training foundation. Received £54,102 in the year and spent £5,690 (note 5) on training staff. Balance of £30,823 C/fwd to next year.

5 Charitable Expenditure

Staff Costs (note 6)
Pensions
Payroll Administration
Staff Training
1 Educational Trainers
2 Professional Membership Fees
Rent & Service Charges
Rates
Water
Electricity & Gas
Insurance
4 Cleaning & Waste Disposal
Covid 19 Expenses
Telephone & Broadband
Computer Software & Licenses
5 Stationery, Printing & Postage
Hire of Equipment & Tools
6 Repairs & Maintenance
Independent Examiner Fee
7 Travel and Subsistence
Mini Bus Expenses
Charitable Contributions
9 Free School Meals
10 Achievement Awards
11 Exam Fees
12 Materials
Staff welfare
13 Committee Expenses
Bank charges
Depreciation
S
Sundry
14 Other Office Expenses
Promotion		 Training &
Employment
Restricted
Funds
Governance
Cost
£
£
600,837
19,399
16,950
29,612
-
941
10,866
5,690
51,413
-
8,416
19,442
2,586
2,540
9,641
7,163
30,273
-
11,261
10,147
11,740
1,963
14,357
1,200
6,255
4,279
16,192
16,895
5,748
13,314
4,377
675
7,845
1,152
26,533
17,692
4,462
2,890
950,566
25,089
19,091
Pension (31772-29612)opening accrual
Closing accrual
Depreciation
Total as Fuel Fin activities		 2023
Total
2022
Total
£
£
637,186
493,903
29,612
31,357
941
852
16,556
10,244
51,413
79,240
8,416
5,048
19,442
25,452
2,586
2,586
2,540
1,373
9,641
10,442
7,163
9,158
30,273
17,851
-
27,000
11,261
8,395
10,147
20,069
11,740
9,512
1,963
2,929
14,357
9,058
1,200
1,200
6,255
6,128
4,279
6,944
16,192
24,575
16,895
14,721
5,748
5,738
13,314
3,518
4,377
2,662
675
2,361
7,845
4,326
1,152
1,041
26,533
28,868
17,692
10,700
4,462
3,357
2,890
1,024
994,746
881,632
2160
-1200
-26533
969,173
969,173

17

These notes form part of the financial statements

6 Net outgoing resources (stated after charging)

----- Start of picture text -----
2023 2022
£ £
Depreciation 26,533 28,868
Independent Examiners' Fee 1,200 1,200
27,733 30,068
----- End of picture text -----

7 Staff Costs

----- Start of picture text -----
2023 2022
£ £
Salaries & Wages 496,651 393,057
Pension 29,612 31,357
Social Security Costs 140,536 100,846
666,799 525,261
----- End of picture text -----

No employees earned more than £60,000 per annum.

The Charity contributes to a defined pension scheme operated with the new auto-enrolment legislation. The assets are held and administered by Now Pension. The pension cost represents contributions payable by the Charity to the pension scheme.

A McGregor a director received remuneration of £0 (2022: £0) in an operational capacity and claimed travelling expenses totalling £1,447.38.

The average monthly number of employees in the period was 29 (2022: 29), calculated on the basis of full time equivalents the average number was as follows:

----- Start of picture text -----
2023 2022
number number
Training and Employment 24 24
Administration 5 5
29 29
----- End of picture text -----

18 These notes form part of the financial statements

8 Tangible Assets

----- Start of picture text -----
Building Fixtures & IT
Lease Fittings Equipment Motor Van Total
£ £ £ £ £
Cost or Valuation
At 31 March 2022 30,500 139,224 93,503 24,851 288,078
Addition - 9,333 9,913 - 19,246
Disposals - - - - -
At 31 March 2023 30,500 148,557 103,416 24,851 307,324
Depreciation
At 31 March 2022 3,022 61,809 67,898 15,430 148,159
Charge for the year 981 13,012 10,655 1,884 26,533
Disposals - - - -
At 31 March 2023 4,003 74,821 78,554 17,314 174,692
Net Book Value
At 31 March 2023 26,497 73,736 24,862 7,307 132,632
At 31 March 2022 27,478 77,415 25,605 9,421 139,919
Debtors
2023 2022
£ £
Trade Debtors 4,484 144,907
Prepayments 14,847 14,847
19,331 159,754
----- End of picture text -----

9 Debtors

10 Creditors: Amount falling due less than one year

Trade Creditors
Other Creditors & Accruals
Taxation & Social Security
Deferred Grant Income		 2023
£
30,476
7,534
12,037
70,200
120,247		 2022
£
8,610
6,334
9,658
24,602

11 Creditors: Amount falling due more than one year

Bounce Back Loan 2023
2022
£
£
32,251
42,013
32,251
42,013

The Bounce Back Loan was taken on 11 June 2020, to provide additional cash flow to fund charitable activities during Covid 19 pandemic. The loan is repayable over 6 years at an interest rate of 2.5%.

19

These notes form part of the financial statements

12 Movement In Funds

Unrestricted Funds
Restricted Funds
Prior year adjustment
TOTAL FUNDS		 At 1/4/22
£
293,598
1,811
295,408
(13,149)
282,259		 Net
Movement in
funds
At 31/3/23
£
£
(39,566)
254,032
29,012
30,823
-
284,855
(15,903)
(29,052)
(10,554)
255,803

Net movement in funds, included in the above are as follows:

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Incoming Resources Movement
resources expended in funds
Unrestricted Funds 930,091 (969,657) (39,566)
Restricted Funds 54,102 (25,089) (29,012)
TOTAL FUNDS 984,192 (994,746) (10,554)
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13 Related party transactions

The director A McGregor's brother was employed by the charity and paid a remuneration of £12,314.96 (2022: £16,145.84).

14 Controlling Party

The company is under the control of the Board and no one person has ultimate control.

20 These notes form part of the financial statements