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 2024
THE ENTERPRISE CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Wright DrA M Lawrence Ms A M Homsby Mr J Phillips Ms T Harrison (Appointed 16 August 2024) Secretary Ms A M Homsby 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 Bartow Andrews LLP Carlyle House 78 Chorley New Road Bolton
THE ENTERPRISE CENTRE LIMITED CONTENTS Page Trustees, report Independent examineff s report ststement of financial activities Balance sheet Notes to the financial statements 8-17
THE ENTERPRISE CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2024 The trustees present their report and financial statements for the year ended 31 July 2024. Chief Executive Overview- October 2024 How does the time go so qui¢klF Or is it just that it does this as we get older. Hard to believe that it is nearly 10 years since we broke ground in October 2014. Next year we will celebrate this properly, in May 2025, as it will be 10 years Sin our very first Open day. We have been very busy deltvering on OLtr charitable objectives as well as providing seNices 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. We have added to our animal therapies by getting 2 goats and the young people can now study goat husbandry as well as the many other equine related programmes. Our Heritage project has over achieved and provided 49 community events hosting 718 local residents. Our relationships with other local charities continues to grow and we have supported East Lancs Railway with bespoke training to support their volunteers as well as Kirklees Wildlife Rescue as they get ready to open. We continue to develop and add to our services to meet the needs of the community and we continue to consult via media plafforms and in person at events to see what else we can offer. The community needs our services more than ever as the figures on poor mental health are at an all-time high with young women struggling to recover from isolation and being victims of social media bullying. We have done lots of work on our website this year, www.theenterprisecentre.co.uk. We hope you the reader enjoys the nèw look. Please send us your comments via thè portal, hello@theenterprise¢entre.co.uk. The social impact of our work continues to grow incrementally and we look forward to another positive year ahead. Next year I will be reaching my 65th birthday though there is no way will I be slowing down so the future looks bright. A M Hornsby Founder and CEO
THE ENTERPRISE CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 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 practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}'. Objectives and activities The Charitable Objects of the company are= The relief of povety in such ways as might be thought fit- The relief of unemployment in such ways as may bè thought fit-, The advancemènt of education, training or retraining. particularly among young people, unemployed people, and providing unemployed people with work experience- The relief of those in need in particular by the provision of financial assistance, technical assistance, or business advice or the provision of consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable needs through help:_ li) In setting up their own business. or {ii) To existing businesses. Each year the trustees review the objedives 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= Commitment Dedication Authenticity Fairness Creativity Innovation Passion Partnership Professionalism Caring The Mission To be known and recognised internationally as world class leaders in social learning, for young people and NEETS in transferable enterprise skills, self-actualization and confiden. We will develop future entrepreneurs and build a culture of stepping up to success through action earning using naturè 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.
THE ENTERPRISE CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 At a glance 2023-24 We secured the £10,000 from the Cloth Workers, Foundation and so completed the roof on the Education Unit We managed to secure a further £3,000 from donations via the website and we used £6,000 from non-restricted reserves. Happy to say no more leaks and nice and warm. We have provided Alternative Education provision for 6 young people, all of those hold ECHP and 2 from the Lookèd after children background. One of our young people went on the achieve 5 GCSE'S albeit he has not spent any time in school since year 7. We provided 8 1.1 Equine Assisted Therapy programmes, 2 of these have booked forAP for September. We secured Bury VCFA Stand Together fund - 36 young people who are at risk of hami attended a Saturday moming club free of charge. We looked at issues around knife crime, drugs and vapes, wellbeing, entrepreneurship, safety on line, visioning for success and this was all wrapped in Equine and Canine assisted learning making the beneffts embed for the future. We secured additional land with Peel Holding so now have an additional 1.5 acres which we have split into 3 and fenced for security. We securèd a further National Lottery Community Fund to deliver a women's empowerment course to 18 women and continue to run the women's network. HAF funds provided 24 plaS of Running wild with Horses during Christmas school holidays and provided free meals. St James Foundation donated a further £2,500 to provide match funds for our Saturdaylholiday clubs. We secured year 2 National Lottery Heritage and we are currently working on the full evaluation which will be available on our website from November 2024. 718 people benefitted from our community events. We have run 72 Art Heritage workshops and testimonials can be seen on our website under Community projects. We continue to reap the benefits of the solar electricity and we continue to seek solutions to be off-grid. We secured Defra license to keep goats and we now have Rosie, a Bora goat, and Daisy, a Pygmy . CPD of staff: Safèguarding diploma level 3, Medicinal Herbalism, Animal assisted therapy, Yoga breathing for health. first Aid for all. Financial review At the year end, the charity had net expenditure of £8,487 (2023= net income of £33) and held totsl unrestricted funds of £166,458 and restricted funds of £86,710. The free reserves of the charity stood at £68,940 12023: £80,228) after adjusting for unrestricted funds held in fixed assets. 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 maintsined 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.
THE ENTERPRISE CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Next Year's Focus We continue as activists in the climate change programme, seeking funds to infonm and educate the community in better practices. The Secret Garden continues to provide a free resource to local schools wishing to use it. We are expanding our provision of EAT. We will launch a new programme of forest therapy and seek funds to support this work. Our founder will complete the Masters in Herbalism and Forest myths and legends. Another member of staff will be CBT qualified (Cognitive Behavioral Therapy). We will again apply to continue our Heritage work, ensuring the community get to know and respect their heritage and that of the ancient woodland where we are located. We would aim to create an illustrated booklet for schools about interesting historical facts in the area. We are always looking for other funds to continuè the great work for women as we have a waiting list already. We plan to extend the women's neOrk to 4 sessions per month. We now open the friendship café as an honesty café all week 9.30-2pm. Whilst it does not make money, it does provide a service to local walkers 2nd the local nursery uses it often when they pass with the children in Buggies. 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 rain harvested water can be used in toilets and washing facilities as well as with the gardens and animals. CPD for staff and volunteers= Masters in Herbalism, Forest folklore and mystery, Level 3 CBD, Forest School level 2. 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. Trustees'lDirectors' are as follows: Mr David Wright- local business man, director and treasurer Mr Jonathan Phillips- representative from Economy and Skills Oldham Council Dr Allan Lawrence- international consultsnt, co-founder, director and chair Ms Alison Homsby- chief executive and founder Ms Tracy Harrison - representative from NHS Social Prèscribing team {appointed 16 August 2024) The charity is managed by its trustees. Full provisions regarding the powers and proceedings of the trustees can be found in the goveming 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 trusteès, report was approved by the Board of Trustees. Ms A M Hornsby Trustee Dated: 18 October 2024
THE ENTERPRISE CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ENTERPRISE CENTRE LIMITED I report to thè trustees on my examination of the financial statements of The Enterprise Centre Limited (the charity} for the year ended 31 July 2024. 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, I 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 I have followed all the applicable dirèctions given by the Charity Commission under section 145(5}{b) 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 giving me cause to believe that in any matertal respect.. aGGounting records were not kept in respect of the Gharity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records; or the financial statements 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 the financial ststements have not been prepared in accordance with the methods and principles of the ststement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in thè UK and Republic of Ireland (FRS 102}. I have no concems 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 Dated: 18 October 2024
THE ENTERPRISE CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities 59,095 510 57,096 116,191 510 61,783 744 48,830 110,613 744 Total income 59,605 57,096 116,701 62,527 48,830 111,357 enditUTe on: Charitable activities 53,618 71,570 125,188 65,182 46,142 111,324 Net incomingl(outgoing) resources before transfers 5,987 {14,474) (8,487) (2,655) 2.688 33 Gross transfers between funds (6,820) 6,820 4.482 (4,482) Net {expenditure)lincome for the yearl Net movement in funds (833) {7,654) (8.487) 1,827 (1,794) 33 Fund balances at 1 August 2023 167,291 94,364 261,655 165,464 96,158 261,622 Fund balances at 31 July 2024 166,458 86,710 253,168 167,291 94,364 261,655 The statement of financial activities includes all gains and losses recognised in the year. 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.
THE ENTERPRISE CENTRE LIMITED BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes Fixed assets Tangible assets 11 180,851 167,699 Current assets Debtors Cash at bank and in hand 12 2,714 70,682 95,988 73,396 95,988 Creditors: amounts falling due within onè year 13 (1,079} (2,032) Net current assets 72,317 93,956 Total assets less current liabilities 253,168 261.655 The funds of the charity Restrtcted income funds Unrestricted funds 14 15 86,710 166,458 94,364 167,291 253,168 261.655 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 2024. 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 ststements 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 othemise comply with the requirements of the Companies Act 2006 relating to financial ststements, 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 18 October 2024 Ms A M Homsby Trustee Company registration number 06613465 (England and Wales)
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Charity information The Enterprise Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered Offi 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 goveming 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 appliGable in the UK and Republic of Irèland (FRS 102)" (effedive 1 January 2019). The charity is a Public Benefit Enttty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. 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 OLrt below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expedation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going cOnM 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 or grantors 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 asset's 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 8mounts 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 condttions require deferral of the amount. Income tsx recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of thè donation.
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accounting policies (Continued) 1.5 Resources expended Expenditure is included on an accruals basis as a liabilty is incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its seNices 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. Govemance Gosts are the costs of running the charity as a legal entity, and are primarily associated with constitutional and statutory requirements. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 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 Fixtures and fittings Motor vehicles 2% and 25 /0 straight line 200/0 Straight line 25010 reducing balan The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held at call with banks. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets include debtors and cash and bank balances, which are initially measured at transaction price including transaction costs and subsequenuy held at amortised cost.
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting policies (Continued) 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 al 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 Tate 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. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. 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 drffer 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 wherè the revision affects both current and future periods. 10-
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Donations and lègacies Unrestricted Restricted funds funds Total Unrestricted funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Revenue grants from government and public bodies 3.950 3,950 1.461 1,461 55,145 57,096 112,241 60,322 48,830 109.152 59,095 57,096 116,191 61,783 48,830 110,613 Donations and gifts Small donations individually less than £1,000 St James Place 1,450 2,500 1,450 2,500 1,461 1.461 3,950 3,950 1,461 1,461 Grants receivable for core activities Edward Gostlin Bury council The National Lottery Community Fund Growth Company- KiGkstart Scheme Bury VCFA National Heritage Fund Clothworkers Foundation Workers Educational Association Steel Trust Foundation other 5.000 5,000 59,575 55,145 55,145 59,575 9,900 9,900 9,800 9,800 747 747 9,440 13,570 10,557 9,440 13,570 10,557 13,570 13,570 13,629 13,629 10,410 10,050 10,410 10.050 55,145 57,096 112,241 60,322 48.830 109,152 11
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Income from charitable attivities Unrestricted funds 2024 Unrestricted funds 2023 Charitable activities Sales within charitable activities 510 744 Expenditure on charitable activities Charitable activities 2024 Charitable activities 2023 Direct costs Staff costs Depreciation and impairment Travel and subsistence Animal expenses Bank charges Cafe expenses Rates and water charges Light, heat and power Repairs and maintenance Telecommunications and internet Printing, postage and stationery Staff training Sundry expenses Liability and contents insuran 25,568 10,783 1.926 14.092 359 4,633 650 2,395 6.068 1.297 1,163 102 50,662 4,223 27,272 10,481 891 13,828 365 4,708 169 4,359 9.263 2.018 661 657 30,193 3,882 123,921 108,747 Share of support and governance costs (see note 6) Govemance 1.267 2,577 125,188 111,324 Analysis by fund Unrestricted funds Restricted funds 53.618 71.570 65,182 46,142 125,188 111,324 12-
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Support costs Support Govèrnance costs costs 2024 2023 Basis of allocation Independent examiners fees Consultancy costs Govemance 1.267 1,267 2,577 34,310 Consultancy time spent 18,815 on projects 34.310 34,310 1,267 35.577 21,392 Analysed between Charitable activities 34,310 1,267 35,577 21,392 Net movement in funds 2024 2023 The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets 10,783 10,481 Trustees The Chief Executive Officer and Trustee, Alison Hornsby, received remuneration from the charity in a¢cord8nce 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. Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Administrative and management staff Employment costs 2024 2023 Wages and salaries 25,568 27.272 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13-
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 11 Tangible fixed assets Freehold land Fixtures and and buildings fittings Motor vehicles Totsl Cost At 1 August 2023 Additions 165,162 19,440 51,080 216,242 23,935 4,495 At 31 July 2024 184,602 51,080 4,495 240,177 Depreciation and impairment At 1 August 2023 Depreciation charged in the year 17,725 6,450 30,818 4.052 48,543 10,783 281 At 31 JLJIY 2024 24,175 34,870 281 59,326 Carrying amount At 31 July 2024 160,427 16,210 4,214 180,851 At 31 July 2023 147,437 20,262 167,699 12 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 2,714 13 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,079 2,032 14-
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 14 Restricted funds The restricted funds of the charity comprise the unexpended balanS of donations and grants held on trust subject to specific conditions by donors as to how they may bè used. At 1 August 2023 Incoming resources Resources expended Transfers At 31 July 2024 The Clothworkers. Foundation Social capital Bury VCFA Workers, Educational Association Veolia Sports England National Heritage Fund Steel Trust Foundation Climate Gontrol fund Duchy of Lancaster Benevolent Fund The National Lottery Community Fund 10,557 (194) (921) (9,231) 10,363 2,070 209 2,991 9,440 13,629 112,462) (1,869) (1,667) {19,282) {14,315} (3,209) 1,167 13.480 50,224 15,349 51,891 3,543 9.664 10,405 13,570 2,169 4,651 7,196 521 (521) 9,900 (7,899) 2,001 94,364 57,096 (71,570) 6,820 86,710 Previous year: At 1 August 2022 Incoming resources Resources expended Transfers At 31 July 2023 Social capital Veolia Sports England National Heritage Fund Tesco Community Fund Steel Trust Foundation ESF Climate control fund Edward Gostlin Duchy of Lancaster Benevolent Fund The National Lottery Community Fund Social Prescribing Grant ASDA Community Investment Fund 4,143 17,621 53,558 (1,152) (2,272) (1,667) (10,027) {1,051) (746} (15) {3,950} {5,222} 2,991 15,349 51,891 3,543 13,570 1,000 10,410 51 9,664 6,481 14,355 {6,466) 10.405 5,000 222 1,200 (679} 521 9,800 1,500 3,350 3,000 (10,659) (1,639) (3,361) (3,702) 859 139 11 702 96,158 48,830 46,142 (4.482} 94,364 15-
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2024 14 Restricted funds (Continuèd) Social capital To develop the inside of the new training room to include new floor, kitchen, decorating and ftjrnishing the same. Veolia - Build secret garden project using junior board volunteers, contractors and volunteers. Sport England - Community Asset ftjnds to build a new purpose built training room. ESF- To fund wages, mentoring and costs for students on ESF projects. Climate control fund - Reduce the charity's carbon footprint. Edward Gostlin Fund the Step Up Programme for women, redu isolation, life skills and to improve mental and physical health. Duchy of Lancaster Benevolent Fund - Fund refreshments for the Step Up Programme. The National Lottery Community Fund - Fund the Menopause Programme. Social Prescribing Grant - Reduce isolation through the delivery of lrfe skills sessions. ASDA - Fund the Ranch Rangers Project. Community Investment Fund - Earth education, equine assisted leaming and environmental science. National Heritage Fund - Engage the community, young and old in the history of the area. Steel Trust Foundation Fund the Step Up Programme for women, reduce isolation, life skills and to improve mental and physical health. The Clothworkers. Foundation- Fund a new roof on the Education Unit. Bury VCFA- Fund the Stand Together Programme. Workers. Educational Association - Fund the Focus Your Future Programme. 15 Unrestricted funds The unrestricted funds of the chartty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 August 2023 Incoming resources Resources expended Transfers At 31 July 2024 General funds 167,291 59,605 {53,618) {6,820) 166,458 Previous year: At 1 August 2022 Incoming resources Resources expended Transfers At 31 July 2023 General funds 165,464 62,527 {65,182) 4,482 167,291 16
THE ENTERPRISE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 JULY 2024 16 Analysis of net assèts between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 July 2024: Tangible assets Current assetsl(liabilities) 97,518 68,940 83,333 3,377 180,851 72,317 166,458 86,710 253,168 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 July 2023: Tangible assets Current assetsJ{liabilities) 87,063 80,228 80,636 13,728 167,699 93,956 167,291 94,364 261.655 17 Related party transactions Transactions with related parties During the year the charity entered into the following transactions with related parties. relating to the supply of services to key management personnel. 2024 2023 Supply of services 29,210 18,815 29,210 18.815 The remuneration of key management personnel relates to the supply of services by the Chief Executive Officer and Trustee, Alison Homsby. 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. In addition, during the year. a person dosely connected to a trustee was paid £22,267 (2023: £21,000} as an employee of the charity. 17-