THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) Unaudited Trustees. Report and Financial Statements For the Year Ended 31 March 2024 Registered number: 07581130 Charity number: 1144458
THE SOCIAL WORK AWARDS LIMrrED (A company limited by guarantee) CONTENTS Page Reference and administrative details of the company, is Trustees and advisers Trustees, Report Independent examinerfs report Statement of financial activities io Balance sheet 11-12 Notes to the financial statements 13-18
THESOCIAL WORK AWARD5 LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Peter Hay CBE. Chair Robert Mitchell Anamaria Popovici Gary Spencer-Humphrey Kelly Centro Clenton Farquharson Sherry Malik Brian Mitchell Lisa Buttar {appointed 2 Au8USt 20231 Jon Glasby13ppointed 2 Au8ust 2023) Directors Peter Hay CBE, Chair James Rook Iresi8ned l April 20231 Robert Mitchell Anamaria Popovici Gary Spencer-Humphrey Kelly Centro Clenton Farquharson Sherry Malik Brian Mitchell Lisa Buttar13ppointed 2 August 2023) Jon Glasby (appointed 2 August 20231 Company re8lStered number 07581130 Charity re8iStered number 1144458 Registered office Franciscan House 51 Princes Street Ipswich Suffolk IPI IUR Independent Examiner Mr Robin Jackson FCA Church8ate Accountants Limited 18 Langton Place Bury St Edmunds Suffolk IP33 INE
THE soaAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report togeiher with the financial statements of the The Social Work Awards Limited for the period l April 2023 to 31 March 2024. The Annual Report serves the purposes of both 3 Trustees, Report and a Directors, Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the urrent statutory requirements. the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective l January 2019}. Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and13r8e companies under the Companies Act 2006 (Strategic Report and Directors'Reportl Regulations 2013 has been omitted. Objectives and actlvltles Pollcies and obJertives- procedure In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance'Public benefit: running acharity IPB21'. b. Pollcies and objertlves The charity was established with the objective of the relief of poverty and the advancement for the benefit of the public, of education in the United Kingdom and by promoting and encouraging high standards in social work. The work carried out has the following aims: Give recognition to the challenging work of qualified social workers Promote best practice in the profession and celebrate success lrnprove public understandin8 of the ran8e of work which social workers undertake Celebrate and promote diversity and equal opportunities in social work c. Activities undertaken to achleve objectives The Awards cycle included managing online applications. 3 series of in-person and virtual judging events to promote a diverse and inclusive judging panel. the organisation and delivery of Awards night in London on 3 November and a special parliamentary reception for winners. sponsors and stakeholders on 11 March 2024. Effettive media relations for the event reached substantial audience numbers through mainstream. local, and sector media. advancing the charivs objectives to positively promote social work. social workers. and best practices. 2023 also saw the greatest number of entries achieved at 515. The charity delivered a robust financial performance in the face of increasing delivery costs and a challenging economic climate thanks to sponsorship. strong ticket sales and the reputstion the Awards has built up over recentyears.
THE SOCIAL WORKAWARDS LIMITED (A company limited by guarantee) TRUSTEES. REPORT IcopifiNUED} FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance Main achievements of the company The main accomplishments for this financial year were the delivery of 3n outstanding ent which made soaal workers and social work teams feel valued and recognised and provided a platfo for them to share their best prartice. Followin8 the success last year. the charity continued to diversify the vol$ of the independent judgin8 panel by including young people with lived experien. Following feedback from social workers. the charity introduced a new category for 2023: Approved Mental Health Professional of the Year. The charity continued to run the Thank You, sponsorship tier which allowed an entry point to sponsorship and the Awards. In recognition of the challenging financial climate. the charity offered all finalists a fifty percent discount on the general admission ticket price. This resulted in all but four finalists (from the same Local Authority) being able to attend the Awards. The charity established a relationship with Community Care which resulted in positive media coverage of the Awards itself and of winner stories for several months aftenvards. Key performance indicators The charity's core work is to deliver on the charitable objectives using the mechanism of the Social Worker of the Year Awards. The Trustees consider the key performance indicators to be: Financial income from sponsorship and numberofsponsors The charity generated £206.450 income from 22 sponsors including several new and diverse sponsors, for example an NHS Foundation Trust The success of the event in terms of attendance and audience feedback The event was well attended, 415 people. with all but four finalists in the room on awards night. Attendee feedback was at its highest ever levels with 99% of attendees rating the awards good/very 8ood/excellent and 100% r3tin8 the organisation as goodlvery goodlexcellent. Media coverage and social media engagement achieved Media coverage reached 546.220 people. with 48 published articles and social media engagement up40%. A diverse and engaged judging panel. including voices with lived experience. from across the country Iv. The judging panel was comprised of 46 people with both a variety of social work experience and lived experience. this included the voices of care experienced young people and people with learning disabilities.
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES. REPORT IcofrifiNUED) FOR THE YEAR ENDED 31 MARCH 2024 The headline sponsor for 2023 was Sanctuary Personnel. The Corporate Partner was BASW (British Association of Social Workers) UK. The Category Sponsors were London Bough of Wandsworth. Children's Social Work Matters. Suffolk County Council. UNISON. 512 Solutions, Coventry City Council. Essex County Council. West Midlands ADASS. Bradford Social Work Teaching Partnership, Cafcass. Central Bedfordshire. London Borough ofHammersmith and Fulham. Lancashire and Southcumbria NHS FoundationTrust. London Borough of Haverin& Stockton-on-Tees Borough Council. Thank you sponsors included Gloucestershire County Council. Dorset Council. Parent Assess, Suffolk County Council. Luton. Social Work DISCovery. West Sussex Council. PLMR Genesis which provides event management. PR. administration and financial services to the charity donated 64 days, which equated to £38.400 in the year. Revlew of activltles The event wa5 successfully hosted by BBC journalist and presenter Ashley-john Baptiste, who is himself care experienced and is well respected and liked by the social work community. Jud8in8 panel participation remains strong and increasingly representative of the diversity of social work. The charity has been able to facilitate media interviews for several of the gold winner5 which helps to raise the positive profile of social work. The number of articles generated has increased year-on-year and is testament to a detailed and personal approach from the PR agency who takes pride in supportin8 the charity. A well-attended parliamentary reception with representatives and guests from both sides of the house. gave further recognition and positive promotion of the profession. The Board of Trustees conducted a review of the governance documents and has 38reed to refresh the current charity patrons.
THE SOCIAL WORK AWARDS LIMITED (A company limited by guaranteel TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 Financial revlew a. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparin8 the financial statements. Reserves policy The trustees wish to maintain a level of reserves for the mitigation of risk. Due to the current climate and challen8es in securin8 sponsorship, it has been a8reed that the charity needs to operate cautiously. Strurture. governance and rnana8ement a. Constitutlon The Social Work Awards Limited is registered as a charitable company limited by 8uarantee and was set up by a Memorandum of Association. b. Methods of appointment or election of Trustees The management of the company isthe responsibility ofthe Trustees who are elected and co-opted under the terms of the Memorandum of Association. The Trustees may at any time appoint any individual who is qualified to be appointed as a Trustee to fill a vacancy in their number or as an additional Trustee. The Trustees have agreed to a rollin8 recruitment of new Trustees. In the next 12 months, the recruitment of a new Chair will take place as Peter Hay CBE steps down. nancial riskrnana8ement The Trustees have assessed the major risks to which the company is exposed. Particularly those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. This will continue to be reviewed at periods throughout the year.
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans forfuture developments The charity aims to continue to improve the reputation of the social work profession through highlighting excellent social work practice in its annual Awards cycle. Awards night. and Parliamentary Reception. Following a successful year. the charity aims to replicate this success. In 2024. the he3dline sponsorship with S3nctU3ry will expire and a new headline sponsor will be recruited. 8ASW have expressed interest in this. In light of lower-than-expected entries for a couple of categories. a review with the Trustees will take place for the 2024 event, for example replacing the Supporting Children in Education Award which resulted from the pandemic. As previously noted. a new Chair will be recruited. Patrons will be reviewed and recruited and there will be 3 rolling recruitment of new Trustees being mindful of diversity and needing to feflect the social work community.
THE SOCIAL WORK AWARDS LIMThED (Acompany limited by guarantee) TRUSTEES, REPORT {cofrifiNUEDI FOR THE YEAR ENDED 31 MARCH 2024 ststement of Tru5tees' responsibilitles The Trustees {who are also the directors of the company for the purposes of company law} are responsible forpreparin8 the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). 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 theygive a true and fair view of the state of affairs of the company and of its incomin8 resources and application of resources. including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accountin8 policies and then apply them consistently: observe the methods and principles of the Charities SORP: make judgements and accounting estimates that are reasonable and prudent: state whether applicable UK Accountin8 Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements: wepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the CompaniesAct 2()J6. They are also responsible for safeguarding the assets of the companv and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularities. Approved by order of the members of the board of Trustees on .... behalf by- and signed on their er Hay C8E (Chair of Trustees)
THE SOCIAL WORK AWARDS LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of The Social Work Awards Limtted ('the company,) I report to the charityTrustees on myexamination oftheaccounts of the companyforthe yearended 31 March 2024. Responslbllities and ba515 of report As theTrustees of the company land its directors for the purposes ofcompany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the accounts ofthe 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 the company's accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my ex3min3tionl have followed the Directions 8Nen by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination 8ivin8 me cause to believe: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or the accounts do not accord with those records: or the accounts do not complywith the accountin8 requirements ofsection 396 of the 21x16 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as partof an independent examination; or 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 IFRS 1021. 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. Signed- Dated: Robin Jackson FCA Chartered Accountant Churchgate Accountants MIted 18 Langton Place Bury St Edmunds IP33 INE
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) STATEMEMf OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Totsl funds 2024 Total funds 2023 Notes Income from: Charitable activities 242.375 242.375 242,375 242375 247.304 247.304 Total income Expenditure on: Raising funds Charitable activitie5 Total expendlture 87,413 154.161 241.574 87,413 154,161 241,574 67.554 145,735 213.289 801 801 34.015 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds 89.421 801 89,421 55.406 34.015 Total funds carried foryiard 90.222 90,222 89.421 The Statement of Financial Activities included all gains and losses recognised in the year. The notes on pages 13 to 18 form part of these financial statements. io-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) BALANCE SHEEr AS AT 31 MARCH 2024 2024 2024 2023 2023 Note Fixed assets Current assets Debtors Cash at bank and in hand 108.686 76.265 184,951 13.200 91.191 104,391 Creditors: amounts falling due within one year io 194.729) (14.970) Net current assets Total a55ets less current liabilltles 90.222 90.222 89.421 89,421 Net assets excludln8 pension asset 90.222 89,421 Total net assets 90.222 89.421 Charlty funds Restricted funds Unrestricted funds 12 12 90.222 89.421 Totsl funds 90.222 89,421 li-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 The company was entitled to exemption from audit under section 477 of the Companies Act 2LXI6. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowled8e their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provi5ion5 applicable to entities subject to the small companies re8ime. ncial statements were approved and authorised for issue by the Trustees on .and signed on their behalf by: Peter Hay C8E (Chair of Trustees) The notes on pa8es 13 to 18 form part of these financial statements. 12-
THE SOCIAL WORK AWARDS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The Social Work Awards is a charity, incorporated as a limited company in England and Wales with liability limited by guarantee. Its registration number at Companies House is 07581130 and with the Charity Cornrnissioners 1144458. Its registered office is situated at 51 Princes Street. Ipswich, IPI IUR. Accountlng policies Z1 Basis of preparation of financlal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reportin8 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 1021 (effective I January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Social Work Awards 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 accountin8 policy. 2.2 Income All income is re¢ogni5ed once the company has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Z3 Expenditure Expenditure is reco8nised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement and ihe amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are m3de up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single 3Ctivity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis onsistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the F)Ortion of the asseys use. Expenditure on r3isinB funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives. as well as any associated support costs. 13-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Z4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.6 Uabllltles and provislons Liabilities are recognised when there is an obli8ation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required In settlement. and the amount of the settlement can be estimated reliably. Liabilitie5 are recognised at the amount that the company anticipate5 it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obli8ation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 17 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequentlymeasured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. -14-
THE SOCIAL WORK AWARDS UmED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incorne from charitable artlvitles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Sponsorship Ticket sales Total 2024 206.450 35,925 242,375 206,450 35,925 242.375 204,500 42,804 247.31)4 Total 2023 247.304 247,304 Expenditure on ralslng funds Cost of raisin8 voluntary income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Event organisation PR and awards Design and print 42,1XXI 33.6C 11.813 42,OtM) 33,600 11.813 41.600 15.600 10.354 Total 2024 87,413 87,413 67,554 Total 2023 67.554 67,554 15-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expendlture on charitable activities Summary by fund type Unrestrirted funds 2024 Total funds 2024 Total funds 2023 Charitable activities 154.161 154.161 145,735 Total 2023 145,735 145.735 Analysis of expendlture by artlvltles Activitles Undertaken Dlrectly 2024 Support Costs 2024 Total Fund5 2024 Total Funds 2023 Charitable activities 122.099 32.062 154.161 145,735 Total 2023 104.265 41,470 145,735 Analysis of suppart costs Charitable Activities Total Funds 2024 Total Funds 2023 2024 Administration and governance Computer costs Accountancy 28.870 1.652 1.540 28,870 1,652 39,088 906 1,476 32.062 32.062 41.470 Total 2023 41.470 41,470 -16-
THE SOCIALWORKAWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Independent examinerfs remuneratlon The independent examiner's remuneration amounts to an independent examiner fee of £1.54012023-£1.400). Trustees, remuneratlon and expenses During the year. no Trustees received any remuneration or other benefits12023- £AIILJ. During the year, no Trustees received any travel expenses f2023 - £NIL). Debtors 2024 2023 Due withln one year Other debtors Prepayment and accrued income 29.405 79.281 9.810 3,390 108.686 13.200 10. Creditors: Amounts falling due withln one year 2024 2023 Trade creditors Accruals and deferred income 73.289 21.440 13.570 1.400 94,729 14.970 11. Financial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 76,265 91.191 Financial assets measured at fair value through income and expenditure comprise bank balances. 17-
ThE SOCIAL WORK AWARDS UMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Statement of funds ststement of funds- current year Balance at 31 March 2024 Balance at I April 2023 Income Expendlture unrtricted funds General funds 89.421 242.375 1241,5741 90,222 ststement of funds- prlor year Balance at 31 March 2023 Balance at I April 2022 Income Expenditure Unrestricted funds General funds 55.406 247,304 1213.2891 89,421 13. Analysls of net assets between funds Analysls of net assets between funds- current perlod Unrestrirted Funds 2024 Total funds 2024 Current assets Creditors due within one year 184.951 194.729) 184.951 194.7291 Total 90.222 90.222 Analysis of net assets between funds- prlor period Unrestricted Funds 2023 Total funds 2023 Current assets Creditors due within one year 104,391 114.970} 104,391 {14.9701 Totsl 89,421 89.421 18-