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2023-07-31-accounts

Charity registration number 1146938

Company registration number 06613465 (England and Wales)

THE ENTERPRISE CENTRE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

THE ENTERPRISE CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr D Wright DrA M Lawrence Ms A M Hornsby Mr J Phillips (Appointed 26 February 2023)

Secretary

Ms AM Hornsby

Charity number 1146938

Company number 06613465

Principal address Naturally Enterprising Hub Kirklees Valley Trail off Brandlesholme Rd Bury Lancashire

Registered office

Naturally Enterprising Hub Kirklees Valley Trail off Brandlesholme Rd Bury Lancashire

Independent examiner

Barlow Andrews LLP Carlyle House 78 Chorley New Road Bolton

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THE ENTERPRISE CENTRE LIMITED

CONTENTS

Page
Trustees’ report 1-4
Independent examiner's report 5
Statement offinancial activities 6
Balance sheet 7
Notestothefinancialstatements 8-17

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THE ENTERPRISE CENTRE LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2023

The trustees present their report and financial statements for the year ended 31 July 2023.

Chief Executive Overview— October 2023

As always the year goes quickly though we have been very busy delivering on our charitable objectives as well as providing services to local schools and the SEND team at the council with our unique Alternative Provision that is supported by Equine Assisted Learning and Earth Education programmes.

In addition, using Bury Community Investment Funds with reserve match we provided 48 free places on our Saturday nature camps to young people in the area who do not usually get the opportunity to work with horses and other animals due to high costs.

This year we were successful with our Heritage in Nature project and we have been able to put on 16 events all of which offer free food and refreshments for participants and therefore help with the cost of living crisis for local families. The project has allowed us to grow our relationships with other local organisations including Kirk Lees Wildlife Rescue Centre, TWIGS and The East Lancs Railway who have kindly donated sleepers after our bid to GMEF was not successful. That has allowed us fo continue the landscaping on the carpark even without the additional funds. We have run courses in heritage artworks, foraging, healing herbs, several health and wellbeing walks and two mini craft market events. Another is planned for Christmas this year. We have been able to increase the hours employed for our TA who helps provide admin and other services for the heritage project.

Our women's programmes continue to book up really quickly though with 100% of attendees stating they were confident, had better mental health and looking forward to the future with new resilience it’s not surprising is it?

We continue to develop and add to our services to meet the needs of the community and we continue to consult via media platforms and in person at events to see what else we can offer. The community needs our services more than ever as they continue to feel the impacts post Covid, especially with mental health issues at an alltime high and young people struggling to recover from the isolation they have experienced over recent years.

The social impact of our work continues to grow incrementally and we look forward to another positive year ahead.

AM Hornsby Founder and CEO

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THE ENTERPRISE CENTRE LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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) (effective 1 January 2019)".

Objectives and activities

The Charitable Objects of the company are:

Each year the trustees review the objectives and activities of the charity to ensure that they continue to reflect their aims and to provide public benefit. The trustees are more than satisfied that they do.

The Values of The Enterprise Centre We aim to promote social justice for all. To achieve this we will demonstrate:

The Mission

To be known and recognised internationally as world class leaders in social leaming, for young people and NEETS in transferable enterprise skills, self-actualization and confidence. We will develop future entrepreneurs and build a culture of stepping up to success through action earning using nature and a range of therapies as a core element of our work.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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THE ENTERPRISE CENTRE LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

Ata glance 2022-23

We were unsuccessful with the Reaching Communities bid and some issues of governance were raised. We therefore worked closely with the Charity Commission to make some small amendments to our memorandum and articles and secure permission for Dannielle Hornsby a former Trustee to become an employee on the grounds of her specialist expertise and now they are happy that we have strong governance.

We have provided Alternative Education provision for 10 young people, 8 of those hold ECHP and 2 from the Looked after children background.

Bury VCFA community fund — 58 young people attended Saturday club FOC.

National Lottery Community Fund - £9,400 funded the Marvellously Managing Menopause programme. 7 groups of6women plus 1 new women's network were established.

HAF provided funding of £8,000 to fund 192 places for the Running Wild with Horses project during the school holidays, including free school meals. We have secured a further £4,250 to deliver 96 places during the month of August 2023.

St James Foundation awarded £2,500 to provide match funds for our Saturday club.

Steel Charity Trust awarded £10,400 to support a women’s confidence building programme which included Equine Therapy and Step up over a successful 10 week rolling programme three times over the year. We have delivered one and the following 2 are already booked up, with a waiting list.

We secured £26,000 from the National Lottery Heritage over a two-year period to deliver a heritage in nature project. We have already had several events and workshops and the full evaluation for year 1 will be published in December 2023.

We received £15,000 in the prior year for the installation of a ground mounted solar panel system, this is now completed and providing a saving on energy costs in excess of 50% . We continue to seek solutions to be off grid.

Bids awaiting decision: - We have applied for £10,000 from the Cloth Workers Foundation to provide 50% matched funding for a new sustainable roof for the Education Unit. - Stand Together - we have applied in partnership with Wonderful Life Academy to deliver a Saturday programme which covers communication, leadership, making new friends, life without knife crime and managing yourself on the internet. £10,000 has been requested.

Financial review

At the year end, the charity generated net income of £33 (2022: £48,164) and held total unrestricted funds of £167,291 and restricted funds of £94,364.

it is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately twelve month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

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THE ENTERPRISE CENTRE LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

Next Year’s Focus We continue as activists in the climate change programme seeking funds to inform and educate the community in better practices.

Secret garden continues to provide a free resource to local schools wishing to use it.

We have applied to Defra for a license to keep 2 goats. This will add to the interests and accreditations that we offer with UK Rural Skills. We will hopefully continue our heritage work ensuring the community get to know and respect their heritage and that of the ancient woodland where we are positioned.

We are looking for other funds to continue the great work on Step Up for women as we have a waiting list already.

We plan to extend the women’s network to 2 sessions per month.

We will replace the roof with sustainable materials and extensive insulation to minimize our carbon footprint.

We now open the friendship café as an honesty café all week from 9.30-3pm. Whilst it does not make money it does provide a service to local walkers and the local nursery uses it often when they pass with the children in buggies.

We will continue to build up the Friendship Hub which will host a variety of sessions during the week including cooking, art work, nature hikes and family fun.

We continue to research sustainable water use; we already have 7 ICB’s on site with the capacity for more. We will look into filter systems so that this harvested rain water can be used on toilets and washing facilities as well as with the gardens and animals.

Structure, governance and management

The Enterprise Centre (TEC) is a not-for-profit company, limited by guarantee, registered in June 2008 in England, company number 6613465, and registered as a charity in April 2012. Charity number 1146938.

TEC’s latest work has been in developing the Naturally Enterprising Project which can be seen on the charity's website.

The charity is managed by its trustees. Full provisions regarding the powers and proceedings of the trustees can be found in the governing document.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees’ report was approved by the Board of Trustees.

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Ms A M Hornsby
Trustee
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Dated: 31 October 2023

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THE ENTERPRISE CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE ENTERPRISE CENTRE LIMITED

| report to the trustees on my examination of the financial statements of The Enterprise Centre Limited (the charity) for the year ended 31 July 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2071 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

4 the financial statements 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).

| 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 financial statements to be reached.

Paul Burton, FCCA Barlow Andrews LLP

Carlyle House 78 Chorley New Road Bolton BL1 4BY

Dated: 31 October 2023

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THE ENTERPRISE CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2023

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 61,783 48,830 110,613 101,256 59,494 160,750
Charitable activities 4 744 - 744 2,006 - 2,006
Total income 62,527 48,830 111,357 103,262 59,494 162,756
Expenditure on:
Charitable activities 5 65,182 46,142 111,324 59,639 54,953 114,592
Net
(outgoing)/incoming
resources before		 (2,655) 2,688 33 43,623 4,541 48,164
transfers
Gross transfers between
funds 4,482 (4,482) - (4,730) 4,730 -
Net income/(expenditure) for
the year/
Netmovement in funds 1,827 (1,794) 33 38,893 9,271 48,164
Fund balances at 1
August2022 165,464 96,158 261,622 126,571 86,887 213,458
Fund balances at 31
July2023 167,291 94,364 261,655 165,464 96,158 261,622

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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THE ENTERPRISE CENTRE LIMITED

BALANCE SHEET AS AT 31 JULY 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 10 167,699 162,946
Current assets
Cash at bank and in hand 95,988 100,536
Creditors: amounts falling due within
oneyear		 11 (2,032) (1,860)
Net current assets 93,956 98,676
Total assets less current liabilities 261,655 261,622
Income funds
Restricted funds 12 94,364 96,158
Unrestricted funds 167,291 165,464
261,655 261,622

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2023.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 31 October 2023

Ms A M Hornsby Trustee

Company registration number 06613465

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

Charity information

The Enterprise Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Naturally Enterprising Hub, Kirklees Valley Trail, off Brandlesholme Rd, Bury, Lancashire, BL8 4LS.

1.1. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (‘FRS 102”) and the Charities SORP “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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, 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 financial statements.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Capital grants received are recognised as income in restricted funds on receipt and released to unrestricted funds on a systematic basis over the useful life of the asset in accordance with the assets deprecation policy.

1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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1.5 Resources expended Expenditure is included on an accruals basis as a liability is incurred.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its services and activities for its beneficiaries and includes costs that can be directly allocated to such activities, as well as those of an indirect nature necessary to support them.

Governance costs are the costs of running the charity as a legal entity, and are primarily associated with constitutional and statutory requirements.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% and 25% straight line Fixtures and fittings 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Basic financial assets

Basic financial assets include debtors and cash and bank balances, which are initially measured at transaction price including transaction costs and subsequently held at amortised cost.

Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

1 Accounting policies

(Continued)

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts 1,461 - 1,461 2,474 - 2,474
Revenue grants from
government and public
bodies		 60,322 48,830 109,152 98,782 59,494 158,276
61,783 48,830 110,613 101,256 59,494 160,750
Donations and gifts
Small donations
individually less than
£1,000		 1,461 - 1,461 2,279 - 2,279
Other - - - 195 - 195
1,461 - 1,461 2,474 - 2,474
Grants receivable for
core activities
Edward Gostlin - 5,000 5,000 - - -
Bury council 59,575 - 59,575 84,140 - 84,140
The National Lottery
Community Fund - 9,800 9,800 - - -
Growth Company -
KickstartScheme		 747 - 747 14,642 - 14,642
Veolia
Do It!		 -
-		 -
-		 -
-		 -
-		 4,924
5,360		 4,924
5,360
National Heritage Fund - 13,570 13,570 - - -
Climate Control Fund - - - - 15,000 15,000
ESF - - - - 34,210 34,210
Steel Trust Foundation - 10,410 10,410 - - -
Other - 410,050 10,050 - - -
60,322 48,830 109,152 98,782 59,494 158,276
Charitable activities
Charitable Charitable
Income Income
2023 2022
£ £
Saleswithincharitable activities 744 2,006

4 Charitable activities

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

5 Charitable activities

2023 2022
£ £
Staff costs 27,272 27,153
Depreciation and impairment 10,481 9,037
Travel and subsistence 891 2,359
Marketing and advertising - 994
Animal expenses 13,828 12,281
Bankcharges 365 407
Cafe expenses 4,708 3,369
Rates and water charges 169 145
Light, heatand power 4,359 1,860
Repairs and maintenance 9,263 7,626
Telecommunications and internet 2,018 1,558
Printing, postage and stationery 661 985
Stafftraining 657 1,746
Sundry expenses 30,193 21,525
Liability and contents insurance 3,882 4,112
108,747 95,157
Share ofgovernance costs (see note 6) 2,577 19,435
111,324 114,592
Analysis byfund
Unrestricted funds 65,182 59,639
Restricted funds 46,142 54,953
111,324 114,592

6 Support costs

Support costs
Support Governance 2023 2022 Basis ofallocation
costs costs
£ £ £ £
Independent examiners
fees		 - 2,577 2,577 2,065 Governance
Consultancy cosis 18,815 - 18,815 17,370 Consultancy timespent
on projects
18,815 2,577 21,392 19,435
Analysed between
Charitableactivities 18,815 2,577 21,392 19,435

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

7 Trustees

The Chief Executive Officer and Trustee, Alison Hornsby, received remuneration from the charity in accordance with the charitable company's memorandum and articles of association and this is detailed further in the related party transactions note to the financial statements.

8 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Administrative and management staff 3 2
Employment costs 2023 2022
£ £
Wagesandsalaries 27,272 27,153

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tangible fixed assets
Freehold land Fixtures and Total
and buildings fittings
£ £ £
Cost
At 1 August2022 150,278 50,730 201,008
Additions 14,884 350 15,234
At 31 July2023 165,162 51,080 216,242
Depreciation and impairment
At 1 August2022 42,309 25,753 38,062
Depreciation charged intheyear 5,416 5,065 10,481
At31 July2023 17,725 30,818 48,543
Carrying amount
At31 July2023		 147,437 20,262 167,699
At31July2022 137,969 24,977 162,946

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

  1. Creditors: amounts falling due within one year 2023 2022 £ £ Accruals and deferred income 2,032 1,860

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THE ENTERPRISE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |13.|Analysis|of|net assets|between|funds| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2023|2023|2023|2022|2022|2022| |£|£|£|£|£|£| |Fund|balances|at|31| |July|2023|are| |represented|by:| |Tangible|assets|87,063|80,636|167,699|87,624|75,322|162,946| |Current|assets/(ltabilities)|80,228|13,728|93,956|77,840|20,836|98,676| |167,291|94,364|261,655|165,464|96,158|261,622| |14|Related|party|transactions| |Supply|of services|by|key management|personnel| |The|supply|of services|by|key management|personnel|is|as|follows.| |2023|2022| |£|£| |Supply|of services|18,815|17,370|

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14 Related party transactions

The remuneration of key management personnel relates to the supply of services by the Chief Executive Officer and Trustee, Alison Hornsby. The arrangement to pay this has been done in accordance with paragraphs 34 to 37 of the Memorandum and Articles of Association of the charity.

Transactions with related parties

During the year, there were no other related party transactions.

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