Award Solutlons Charity No. 1147053 Company No. 07684229 Trustees. Report and Unaudlted Accounts 31 Detember 2023
Award S¢lutlons Contents Pages 2to4 Trustees, Annual Report Independent Examiner's Report Statement of Financlal Actlvitles 5t05 6t06 Summary Income and Expenditure Account Balance Sheet 7t07 8t08 Notes to the Accounts 9t014 Page I
Award Solutions Trustees Annual Report The trustees, who are also director5 of the charity for the purposes of the Companies Act 2006, hereln present their report with the unaudited financial statements of the charty for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply wlth the charity'5 governing document, the Charitie5 Art 2011, the Companles Att 2006 and Accounting and Reporting by Charitles.. Statement of Recommended Practice appllcable to charities preparing their accounts In accordance with the Flnanclal Reportln8 Standard 102 applicable in the UK and Republic of Ireland. REFERENCE ANO ADMINISTrATIVE DETAILS Company No. 07684229 Charlty No. 1147053 PrlncSpal Offlce Future House 25 Pomona Street Liverpool Merseyside L3 5TL Registered office Future House 25 Pomona Street Liverpool L3 5TL Dlrectors and Trustees The Dlrectors of the charitable company are Its Trustees for the purposes of charlty law. The following Directors and Trustees setved during the year.. M.J. Byrne P.T. Maguire E.T. Murphy J. Ridlng G.C. Smith Accountants Sefton Council for Voluntary 5eNice Burlington House Crosby Road North Waterloo Liverpool L22 OLG Page 2
Award Solutlons Trustees Annual Report Bankers The Co-operative Bank 18alloon Street Manchester M60 4EP OBJEcfivES AND ACTIVITIES To act a5 a resource for young people living in Sefton and surroundln8 area5 by provldlng advice and asslstante and organislng programme5 of physlcal, educational and other artivities, in partlcular but not exclusivel¥ the delivery of Duke of Edinburgh's award, as a means of.. lal advancing in life and helping young people by developing their skills. capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals,. Ibl advancing education,. Icl relieving unemployment,. Idl providin8 recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disabilitvi poverty or social and economlc clrcumstances with a view to improving the conditions of life of such persons.ln setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commlsslon's guSdance on public benefit. In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit. ACHIEVEMENT5 AND PERFORMANCE We have had a fant3stSc 2023, movlng Into new to us premlses, double the slze wlth fabulDUS SUPPOrt frorn the team that own and manage the building. We also have a room next door we can book to use to meet young people and hold our tourses to raise funds. The traller has had a make over with our logo now on 50 it all looks as It should. We have worked wlth over 5(K) young people completing indoor and outdoor activities to help provide a new experience and enjoyment they otheiSe would not have had. We have used grant money wiselyi to benefit young people, who could not afford to do the activities otherwise. We are moving forward with work with other organisations and to grow and develop new relationships which will hopefully be frultful. Local children now see us as a safe place to make new frlends and socialise. We are firbding thèt post Covld we as with others are still recovering, young people, staff and volunteers. Sociallslng and Mental health are important and it is through activities that we can grow and heal. The recognition nationally of the beneflt of Indoor and outdoor activities to human growth and development is now so muth more public and not restricted to theory that we can only build on what we have already proved can work. We look forward to 2024 with a brighter future knowing that wè can benefit more young people and vulnerable adults by doing what see as our core eth05- Supporting young people, volunteers and leaders to develop and learn throuBh delivering quallty accredited awards, and activities (indoor and outdoorl. FINANCIAL REVIEW Pa8e 3
Award Solutions TrusteesAnnual Report During the 12 months ended 31 December 2023 the charity had income of £88,91612022.. £70,307} and expenditure of £96,514 12022.. £77,252). There was a deficit during the period of £1£7,598112022 Oeficit of £6,945). At 31 December 2023 assets exceeded liabiif(ies by £22,224. Liabilities included a loan of £5,CMJ) from Jean Riding, a trustee. The reseThes policy is to hold unrestricted resetwes equal to at least at least 6 months, expenditure. A loan from Jean Riding was used to provide working capital. The terms of the loan are open, payment is due when the charity is prepared, and Tru5tee5 agree it be paid back in in5talment5 or in a whole, It is not repayable on demand. The Trustees are responsible for keepirvd properaccountingrecords that disc105e with reasonable accuracy at any time the financial position of the charity arKI to enable them to ensure that the financial statements compty with the Companies Act 2(M)6. The Trustees are also responsible for safeguardlng the assets of the Charity and hence taking reasonable steps forthe prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provi5ion5 applicable to compantes subject to the small companles regime asset out in Part 15 of the Companies Act 2006 and in accordance with the Charlties SORP IFRS 1021. Signed on behalf of the board J. Riding Trustee 19 September 2024 Page 4
Award Solutions Independent Examiners Repwt Ind•pondent Examlnees Report to the trustses of Award Solutions I report lo the charity Iruslees on my examination of the finanaal statements of Award Solutions for the year ended 31 December 2023 which comprise the Statemenl of Financial Aclivilies, the Summary Income and Expenditure Account, th8 Balance Sh881 and the rdated notes. R•spon$ibiliti•s and basls of rep(xt As IhJ Iruslees of the charity land also its directors forthe purposes of company law) you are responsible for the preparation oflhefinancial stslements in accordance with the requiremen15 of the Companies Acl 2006 I'the 2006 Act. Having s8ti$fied myself that the fin8nci81 statements of the charity are not requlred to be audited under Part 16 of the 2006 Act and are eligibl8 lor independent examination. I report in respect of my examination of your charlty's financlal statsmenls as Garried out under section 145 of the Charilitss Act 2011 ('the 2011 Act?. In carying oul my examination I have followed the Directions glven by the Charlty Commission under sedion 14515Xb) of the 2011 Acl. Independent ex•miMrfs tat•m•nt I have completed my examination. I can conflmi that no material matters have wne lo my attention in connection Mth the examlnalion glving me cause to belleve that.. accountlng reGords were not kept in accordance with section 386 of the 2008 Act. or the financial statements do not aee£Jrd wlth those cOrdS.. or the flnanclal statements do not comply with the accounting requirements under section 396 ofthe 2006 Act other than any requirement Ihat the financial statements glve a 'lrue and lail view which is not a matter considered as part of an independent examination.. or the financial ststements have not been prepared in accordanc& with tha Charitigs SORP (FRS 1021. I have no concems and have come aeross no other matters In connecllon wlth the examlnation lo which attention should be drawn in thi$ report in order to enable a proper understanding of Ihe financial stalemenis to be reached. Ian Wright Chartered Aco)unlanl Sefton Councll for Voluntary SeThlce Burlington HoLFse Crosby Road North Waterfc Llverpoc4 L22 OLG 19 Septembar 2024
Award Sdutions ststement of Finan¢ial Activities for the year ended 31 De¢ember 2023 Unrestricted funds Total funds Total funds 20Z3 2023 2022 Notes Income and endowments Donation5 and legacies Charitable activitles 10,500 73,859 4,557 10.500 73.859 4,557 34,891 35,416 Other Total 88.916 88,916 70,307 Expendlture on: Raising funds Charitable activities 180 96.334 180 96,334 77,252 Total 96.514 96,514 77,252 Net gains on investments Net expendlture Transfers between funds 17,5981 17,5981 16,9451 Net expenditure before other 8alnslllosses) 17,598} 17,5981 16,9451 Othergalns and losses Net rnoveme ith funds 17.5981 17,5981 16,9451 Re¢onclllallon of funds: Total funds brought forward 29,822 29.822 36,767 Total funds carrled forward 22,224 22,224 29,822 Page 6
Award Solutlons Summary Income and Expenditure Account for the year ended 31 December 2023 2023 2022 Income 88.916 70,307 Gross income lor the year Expenditure 88.916 70,307 96,514 77,252 Total expendlture for the year Net expendlture before tsx for the year 96,514 77.252 17,5981 16,9451 Net expenditure for the year 17,598} 16.9451 Page 7
Award Solutions Balance Sheet at 31 December 2023 Company No. 07684229 Notes 2023 2022 Current assets Cash at bank and in hand 28,444 28,444 11,2201 27,224 37,485 37,485 11,1631 36,322 Creditors: Amount falling due wlthin one year Net current assets io Totsl assets less cuThent liabilltlès 27,224 36,322 Creditors: Amounts falling due after more than one year Net assets excludlng penslon asset or Ilablllty li 15,0001 22,224 16,500 29,822 Totsl net assets 22,224 29,822 The funds of the charitv Restrlrted funds Unrestrirted funds GenÈral funds 12 12 22,224 29,822 22,224 29,822 Reserves 12 Totsl fund5 22,224 29,822 These accounts have been prepared in accordance with the special provlslons of Part 15 of the Companles Act 2006 relating to small companies. For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companie5 Act 26 rel8ting to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companie5Art 2CQ6. The directors acknowledge their responslbillties for complylng with the requirements of the CompanSes Act 2006 with respect to accounting recoids and the preparation of 3ccount5. Approved by the board on 19 September 2024 And signed on its behalf bv: CL, J. Riding Truste 19 September 2024 Page 8
Award Solutions Notes to the Accounts lor the year ended 31 December 2023 l Accounting pollcles Basis of Pfeparation The financial 5tatement5 have been prepared in accordance with the charity's governing document, the Companles Act 2(X)6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice 3pplicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective I january 20191. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initiallv recognised at historical cost or transaction value unless otherwlse stated In the relevant accounting policy note. The functional currency used is the £ Sterlin8. Assets and Ilabillties are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting pollcy note. The functional currency used is the £ Sterling. Preparatlon of the accounts on a going concern b•sls At the time of approving the accounts. the tru5tee5' have a reasonable expectation that the Charity has adequate resources to contlnue In operational exlstence for the forseeable future. As such these accounts have been ppad under the golng concern basis. Change In basls of accountlng or to prevlou5 accounts There has been no change to the accounting policles Ivaluatlon rules and method of actountingl since last year and no changes have been made to accounts for previous years. Fund accountin8 Unrestricted funds These are avallable for use at the dlscretion of the trustees In furtherance of the general objects of the charity. These are unrestricted fund5 earmarked by the trustees for partlcular purposes. These are unrestricted fund5 which include a revaluation reserve representinE the restatement of Investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation fund5 Restricted funds Page 9
Award Solutlons Note$ to the Accounts Income RecognitSon of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receive, the income and the amount of the income can be measured with sufflcSent rellabllity. Income wlth related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations an(J gifts is included in the the SOFA when receivable and only when the Charity has uncondltlonal entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated seNlces These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantfflable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment Income Thls is Included in the accounts when receivable. Galn51llossesl on This includes any galn or1055 re5ultlng from revaluing investments to market value revaluatlon of flxed at the end of the year. assets Gainsl{lossesl on investment assets Thls Includes any gain or loss on the sale of investments. Expendlture Recognition of expenditure Expenditure is recognised on an accruals basls. Expendrture includes any VAT which tannot be fully recovered, and Is reported as part of the expenditure to whlch It relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising ralsing funds trading costs and investment management costs. Expenditure on These comprise the tosts incurred by the Charity In the dellvery of its artivities and charitable activities services in the furtherance of its objetts, including the making of grants and governance costs. All grant expenditurè is accounted for on an actual pald basls plus an attrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those cost5 associated with meeting the constitutional and statutory requirements of the Charity* including any auditlindependent examination fees. costs linked to the strateglc management of the Charity. together with a share of other administration costs. These are support costs not allocated to a partlcular attivtty. Grdnts payable Governance costs other expenditure Taxalion The charity is exempt from corporation tax on its charitable actlvltles. Trade and other debtors Trade and other debtors are re¢ognisÈd at the settlement amount due after any trade discount offerèd. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 10
Award Solutions Notes to the Accounts Cash and Cash èquivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits Wlth banks and other short-term highly liquid investments with origlnal maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recogni5ed where the d)arlty has a present obligatlon resulting from a past event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated reliably- Creditors and provisions are nomially retognised at their settlement amount after allowlng for any trade dlscount5 due. Penslon costs The charity operates a defined contribution plan for it5 employee5. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the tontributions have been paid the company has no further payments obligation5. The contributions are recogfiised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated zo¢ds, facilities and servlces All donated 8oods. facilities and services received are recognised wlthin incomin8 resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private cornpany limited by guarantee and consequently does not have share capltal. Page 11
Award Solutlons Notesto theAccounts 3 Ststement of Flnancial Actlvlties- prior year UnrÈslrirted funds Restrirted funds Total funds 2022 2022 2022 Income and endowments from: Donations and legacies Charitable activitie5 27,055 35,416 7,836 34,891 35,416 Total 62.471 7.836 70.307 Expendlture on: Charitable actlvities 5.252 5.252 72,IX other 56,480 15,520 Total 61,732 15.520 77,252 Net Income 739 17,6841 16,945 Net income before other 8alnslllossesl Other galns and10$5es'. Net movement in funds 739 17,6841 16,9451 739 17,6841 16,9451 Rewn¢lllatlon of funds: Total funds brought forward Total funds carrled lon¥ard 29,083 7.684 36,767 29,822 29,822 4 Income from donations and legades Unrestrlcted Total Total 2023 2022 Grant5 and Donation5 Sefton MBC io 10,000 iO,OCKJ io,c(rf) Workers Employment Associatlon Fund 7,836 Children In Need aty of Liverpool Sefton CVS Mental Health Grant 14,045 3,C(JO 5C¥) 10,5CQ 10,500 34,891 5 Income from charitable artivities Unrestrirted Totsl 2023 Totsl 2022 Activity Fees 73,859 73,859 73.859 35,416 35,416 73,859 Page 12
Award Solutions Notes to the Accounts 10 Creditors.. amounts falling due within one year 2023 2022 Other loans Other taxes and social security Accruals 1201 183 220 1.220 1.163 11 CrÈdltors: amounts falling due after more than one year 2023 2022 Other loans 6,500 6,500 5,000 12 Movement In funds Incomln resources Ilncludlng other At l January 8alns1l0eS 2023 Resourtes At31 December 2023 expended Restricted funds: Unrestrlcted funds., General funds 29,822 88.916 196,514) 22,224 Total funds 13 Analys15 of net assets between funds 29,822 88,916 196,5141 22,224 Unrestricted funds Totsl Net current assets Creditors due in more than one year and provisions 27.224 27,224 (5,0001 Is,0001 22,224 22,224 14 Reconclllatlon ol nel cash l (net debt) At31 At l January 2023 December Cash flows 2023 Cash and cash equlvalents 37,485 37,485 17,5001 17,5001 19,0411 19,0411 1,500 28,444 28,444 16,ocKII 16,0001 Borrowln8S Net cash / Inet debt) 29,985 17,5411 22.444 PaBe 14
Award Solutions Notes to the Accounts FRS 102 requires and entity to report changes in net debt in the accounting pèriod. Award Solutions does not carry any debt or other borrowings and has a positive net cash position 15 Commltments Penslon commitments 2023 202Z The pension c05t charge to the company amounted to-. 85 187 16 Related party disd05ures Controlling party The company is limited by guarantee and has no share capital,. thus no single party controls the company. Page 15