2023-07-31-accounts - Fourteen-A Limited

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Fourteen-A Limited

(A company limited by guarantee)

Report and Financial Statements for the Year Ended 31st July 2023

Registered Charity: 1147552 Company Number: 06658214

Fourteen – A Limited

Trustee Statement

Approved by the Trustees on 15th May 2024 and signed on its behalf by: Mr David Ovens- Chairman

The trustees present their report and accounts for the period ended 31st July 2023.The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 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 (FRS102)"(as amended for accounting periods commencing from 1 January 2016).

Reference and Administrative Information Charity Name: Fourteen – A Limited Charity registration number: 1147552 Company registration number: 06658214 Registered Office and Operational address: 3 Bishops Road Whitchurch Cardiff CF14 1LT Trustees Mr David Ovens Chairman Mr Simon Bracchi Treasurer Mrs Kelly Osadare Mrs Caroline Duddridge

Senior Management Team

Sian Llewellyn

Chief Executive

Employees & Tutors Dominik Hegyi Carly Bridgeman Lisa Kloos

Mandy Evans Rebecca Loveridge Karen Derbyshire

Auditors Llewellyns Codas House

52-60 Merthyr Road

Whitchurch

Cardiff CF14 1DJ

Our Aims & Objectives

Our Purposes

Our charity’s purposes as set out in the objects contained in the company’s memorandum of

association are to:-

To promote social inclusion of people unable to afford the cost of further education and those who are faced with additional barriers to employment due to ill health, disability, age, sex, race, ethnic origin, crime (as an ex-offender rehabilitating into society) or who are lone parents.

Our Aims

Fourteen-A aims to offer structured training and sustainable employment, contributing to the regeneration of the most deprived communities. Through the structured development of programmes, Fourteen-A will be able to deliver training, work experience placements and ongoing employment to newly qualified students through a system that will become self-funding and therefore sustainable.

Our Objectives

To encourage positive attitudes in economically inactive people
To provide structured practical training
To create sustainable jobs
To retain wealth within the local community
To contribute to community regeneration
To encourage active citizenship
To make money in a socially and environmentally responsible way
To improve service delivery to meet local needs

Management Report

The Focus of Our Work

The main focus of the work of Fourteen-A is in helping to prevent economic inactivity. We aim to increase participation in within disadvantaged communities through our project work. We use information technology, beauty therapy, art and craft workshops as engagement tools, encouraging young people and adults to participate and gain recognised qualifications. Our community based courses which are supported by other community organisations enable us to engage and work with vulnerable participants, promoting the development of social networks, increasing motivation and gaining valuable skills.

Ensuring our work delivers our aims

At Fourteen-A we review our aims, objectives and activities regularly. Our annual review monitors our achievements and outputs over the previous 12 month period. By looking critically at the key activities we have undertaken and the benefits delivered to the community we are able to ensure that we remain focused on our stated aims and objectives. We refer to the advice within the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Our trustees also consider how our planned activities contribute to the aims and objectives set.

Fourteen-A’s charitable activities focus on activity-based training and work placement opportunities, working within the most economically and socially disadvantaged areas of Wales. Tackling poverty, extending opportunity, and developing sustainable employment are core to our founding principles and our initiatives help contribute to economic and social regeneration in deprived areas of the Principality by raising aspirations, increasing social integration, developing skills.

1. Overview of Activities

Fourteen-A Ltd. has remained committed to its core mission of providing back-to-work training programmes and vocational education in beauty and aesthetics to vulnerable young adults. Over the past year, we have continued to offer tailored training courses,

providing invaluable skills that enhance employability and contribute to the selfconfidence and independence of the individuals we support.

delivering high-quality training, both online and in-person, to help young adults overcome barriers to employment and thrive in their chosen fields.

2. Impact of Brexit and COVID-19 on Funding

and lasting effect on Fourteen-A Ltd.'s ability to secure consistent funding. Uncertainty surrounding government grants, changes in funding models, and the broader economic downturn have made it increasingly difficult to maintain the level of financial support needed to run our programmes.

Additionally, the shift in donor priorities and the closure of certain funding channels has meant that our charity has had to look for alternative sources of funding. While we have worked tirelessly to diversify our income streams, the uncertainty created by both Brexit and COVID-19 continues to hinder our financial stability.

3. Rising Costs and the Need to Relocate

Over the past year, Fourteen-A Ltd. has faced severe increases in operational costs, particularly in relation to rent and utilities. The cost of living and inflation have caused substantial rises in these essential overheads, straining our financial resources. As a result, our ability to sustain our current location is no longer viable, and we are now actively seeking a new space to relocate our operations.

This decision is critical to ensuring that we can continue to provide our services to those who need them most. Moving to a more affordable location will allow us to redirect funds into the core services we offer, ensuring that our programmes are not impacted by rising fixed costs.

4. Our Continued Commitment to Support

quality training in back-to-work skills and vocational education. We have remained dedicated to helping young adults gain critical qualifications in beauty and aesthetics, preparing them for employment and self-sufficiency. Our commitment to these vulnerable individuals has not wavered, and we are proud of the positive outcomes our trainees have achieved in the face of adversity.

The demand for our services remains high, and we are actively exploring new ways to increase our support and outreach to those who need it most. We continue to work closely with local employers and community organisations to ensure that our training programmes align with the needs of the job market and provide real-world opportunities for our trainees.

5. Accessibility Challenges with Charity Commission’s Online Reporting Tools

challenges when attempting to use the Charity Commission’s online reporting tools to submit our charity’s annual returns. Due to the non-compliance of the platform with accessibility standards for visual impairments, I have been unable to complete the required submissions independently.

Over the last 12 months, I have made multiple attempts to use the portal, relying on text-enlarging software to navigate the site. Unfortunately, the system’s design does not work well with my software, which severely impacts my ability to complete the forms. I have repeatedly contacted the Charity Commission for assistance, only to be informed

by their staff that I must ask someone else to submit the forms on my behalf if I am unable to use the portal.

This response has been both frustrating and unhelpful, as I believe the Charity Commission should be taking steps to ensure their services are fully accessible to individuals with visual impairments. This situation has resulted in delays in submitting our annual returns, and I strongly urge the Charity Commission to address these accessibility issues to better serve all charity directors, including those with disabilities.

6. Conclusion

Despite the challenges we have faced this year due to funding constraints, rising operational costs, the need to relocate, and accessibility issues with the Charity Commission’s online reporting tools, Fourteen-A Ltd. remains dedicated to its mission of supporting vulnerable young adults. Our training programmes have had a profound and positive impact, and we are optimistic that, with continued support, we will be able to overcome these hurdles and continue to serve our community effectively.

We look forward to the upcoming year with determination, exploring new opportunities for funding, and ensuring that Fourteen-A Ltd. continues to make a meaningful difference in the lives of t

RÈgisterEd number 06658214 FOURTEEN-A LIMITED DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Llewellyns fl i4RTF..RFI fj.F-. T If,. 1st Floor Brook House, Brook Road Whilchurch Cardiff CF14 10U ,TfKNf5

Fourteen-A Limited Contents Page Company Information Direclorfs Report A¢¢ounlanl$' Report Income and Expenditure Account Balance Sheet Notes to the Financial Statements The followng pages do not form part of the slatulory account5". Dètailed Income and Expenditure Account

Fourteen-A Limited Company Infomiation For The Year Ended 31 July 2024 Director Mrs Sian Llewellyn Company Number 06658214 Reg18tsred Offlce 3 Bishops Road Vvhilchurch Cardiff CF14 1LT Accountsnts L18wellyns Chartered Certffied Accounlanls 1st Floor Brook House, Brook Road Whitchurch Cardiff CF14 1DU Page 1

Fourteen-A Limited Company No. 06658214 Directorfs Report For The Year Ended 31 July 2024 The director presents her report and the finan81 statements for the year ended 31 Juty 2024. Direciors The director who held office during the year wer& as folknws Mrs Sian LWellY stst8m8nt of Dlrectofs Responslbllltles The director is responsible for preparing the Director's Report and the financial slatemeDls in accordan with gppliGable law gnd regulations. Cornpany law requires the director lo prepare financial 5talemeDt5 for each financial year. Under that law the director ha5 electeil to prepare the financial s18tem8nls in accord8nce with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the director rnusl not approve the finanual statemen15 unle55 they are salisfied Ihal they gwe a true and fair view of the slate of affaits of the company and of the surplus or deficit of the company fDr that period. In preparing the financial $latemènls the director is required lo.. select 5uil8ble accounting policies and then apply them consistentty-. make judgmÈnls and attounting estimates that are reasonab and prudent, prepare the finanaal statements on the going conc&m basis unless rt Is Inappropriats lo presume that company will continu8 in business Th8 director Is responsible for keeping adequate accounting records that are sufficient to show and axplain the company's Iran8aclions and disdose with reasonabk accuracy al any lime the financial position of the company and enable them lo ensure th81 the financial statements tomply with the Companies Act 2006. Shè is also responsiblè for $afÉguarding the a$$etS Df the company and hence for taking r&a$onablÈ steps for the prevéntion and d&teclion of fraud and other Irregularities. The director is responsible forthe mainten3nTr and integrty of the corporate and fin8nci81 infornialion included on the compsny's website. Legislation In the United Kingdom governing the preparation and dissemination of financial slatetnenls may dlffer from kgislation in other Small Company Rules This report has been prepared in aGGordance with the special provision5 relating to compan*$ sui4e¢t to the small cotnpanie5 regirne within Part 15 of the Compani88 Act 2006. On behawofthe board Mrs Si¥n Lleweltyn Director Date Page 2

Fourteen-A Limited Accountants, Report For The Year Ended 31 July 2024 Report to the dlrector on tho preparatlon of the unaudlted 8tstutory accounts of Fourteon-A Llmfjt8d For The Year Ended 31 Juty 2024 To 855151 you lo fulfil your duties under the Cornpanies Act 2006, we have prepared for your approval the accoun15 of Fourteen-A Limited which comprise the Income and Expenditure Account. th& 8alanc& Sheet and th& rel8ted nol&s. from the company s accounting records and from information and explanations you have given us. As a praclising Memberfirrn of the Association of Chartere(I Certified Accountants. we are subject lo it5 elthical 8nd other professional requir&ments which are detailed ai http.llwww.atcaglobal.comlenlmemberlprofessional-slandardslrules-standard$lacca-rulebook.html. This report Is made to IhÈ diredor of Fourte&n-A Limited. as a body, in acLordance with the tertns of our engagement leller. Our work h35 been undertaken 501ely lo prepare for your approval the accounts of Fourteen-A Limited and slate those m8118rs that we have agreed 10 51ale lo the dirÈctor of FourteÈn-A Limited. as a body. In this report In attordance with thè Association of Chartered Certifled Accountants as detailpd al hllp'.Ilwww.accaglobal.comlcontenVdamlACCA Glob8wfechnicallf8cVlechnical-factsheel-163.pdf. To th8 full851 extent parmilled by Isw. we do not accept or assume responsibility to anyone olherthan Fourteen-A Limited and ils director a5 3 body for ourwoTk orforthis report. 11 is your duly to ensur8 that Fourt8en-A Limited has kept adequate accounting records and to prepa statutory accounts that gni8 a tru& and fair view of the assets. liabilities. financial position and profit or loss of Fourteen-A Limrted. You consider that Fourteen-A Limited is exempl from the statutory audit r4uirÈmÈnt for the year. We have not been Instructed to carry out an audit or a reVW of the aecounts of Fourteen-A Limited. Forthis reason we have not verified the accuracy or complelene5s of the accounting records or information and explanations you have gwen te us and we do not. therefore. express any opinion on the finan¢ial slatemenls. Signed Date Lleweltyns Chartered Certified Accountants 1st Floor Brook House, Brook Road Whilthurth Cardiff CF14 1DU Page 3

Fourteen-A Limited Income and Expenditure Account For The Year Ended 31 July 2024 2024 2023 Notes TURNOVER 23,240 117,2581 33,129 Cost of sales GROSS SURPLUS 5.982 19,000 Adtninislralive expenses 139,5011 134,1971 OPERATING DEFICIT 133,5191 115,1971 18591 Inter851 payable and simi18r charg&s DEFICIT FOR THE FINANCIAL YEAR 133,5201 116,0561 The notes on page 6 form part of the$? finanoal statement$. Page 4

Fourteen-A Limited Balance Sheet A$ At 31 July 2024 2024 2023 Notes CURRENT ASSETS Debtors Cash al bank and in hand 516 39 2.165 5.691 555 7,856 Creditors.. Amounts Falling Due Within One Year 141.2731 115.0541 NET CURRENT ASSETS ILIABILITIESI 140,7181 17,1981 TOTAL ASSETS LESS CURRENT LIABILITIES 140,7181 17,1981 NET LIABILITIES 140,7181 17.1981 Income and Expenditure Account 140,7181 17,1981 MEMBERS. FUNDS 140,7181 17.1981 For thè year ending 31 July 2024 the company was entitled to exeTnplion from audrt under sethon 477 of tha Companies Act 2006 relating to sm811 companies. The member ho$ not required the ¢ompany to obtain an audit In accordance wrth section 478 ofthe Companies A¢t 2006. The director acknowledges her responsibilities for complying with the raquiremenls of the Act with respect lo accounting records and th& preparation of accounts. These accounts have been prepared in accordan with the proviBion5 spplicable lo companie5 subject lo the 5msll companie5 regime. On behawofthe board Mts Sian Lleweltyn Director Date The nole5 on page 6 fotrn part of these financial 51alements. Page 5

Fourteen-A Limited Notes to the Financial Statements For The Year Ended 31 July 2024 1. Goneral Infomi8Uon FourteeD-A Limited is 8 private company, limited by guarantee. incotporated in England & Wdle5. registered number 06858214. The registered office 1$ 3 Bishops Road. Ilvhilchurch. Cardrff, CF14 1 LT. 2. Accountlng Policles 2.1. Basls of Preparatlon of Flnancl81 Statements The financial statemen15 have been prepared under the historiGal cost convention and in accordanGe with Financial Reporting Standard 102 section 1A Small Entities'Tr& Financial Reporting Standard applicable in the UK and Republ of Ireland" and the Cotnpanies Arj 20. 2.2. Turnover Turnover is Measured al the f8ir value of the consideration received or reTrivable. net of discounts 8nd value 8dded 18xe5. Turnover includes rèvenue e2rned from the Sale of 9ood$ and from the rendering of SeNIS. Turnover Is reduced for eslitnaled customer r&turns, rebates and other similar allowances. Sale t>f goods Tumover from the S8 of goods 1$ recognised when the significant risks and rewards of ownership of the goods has Iran$f&rred lo the buyer. This is usually at the point that the customer has signed for the delivery of goods. Rendering of servic88 Tumover from the rendering of servic&s is rÈtognised by rÈferÈnce to the stage of cotnplelion of the contract. Thè Stage of tomplelion of contract 15 measured by comparing the costs incurred for worf( performed te d8tÈ lo the tol818slimat8d contract costs. Tumover 15 onty recogn15ed lo the extent of recoverable expenses Nvhen the outcome of a contract cannot be estimated reliabty. 3. Averdge Number of Empl¢>yees Average number of employees. in¢luding dire¢tors, during the year was." 412023". 71 4. Debtors 2024 2023 DUÈ within one year (Xher debtor$ 516 2.165 5. Credltors.. Amounts Falllng Duè Wlthln One Year 2024 2023 cooration lax Other creditors Directors loan account 1,093 41,273 14,099 41.273 15,054 6. Company limited by guarantse The company 1$ limited by guarantee and has no share caprtal. Every member of the company undertakes lo conlribul& lo th8 a8S8ls of th& company, in the event of a winding up, such an 8mounl 88 may ba required not exceeding £1. Page 6

Fourteen-A Limited Detailed Income and Expenditure Account For The Year Ended 31 July 2024 2024 2023 TURNOVER Sales 23,240 33,129 COST OF SALES Purchases Subcontractor costs 4.999 12.259 4.B98 9,231 117,2581 GROSS SURPLUS 5,982 19.000 AdrninistrativÈ ExpÈn$È$ Diredors, 5alarie5 Wage5 and salaries Employers pension5- defined contributn$ scheme Subcontractor costs Travel and 8ubsisl&nce &xpen8es Rent 4.969 18.892 69 22.750 262 1.246 230 3,045 80 8,700 2,400 115 Light and heat Us& of private rèsidence Computer software, consumab$ and maintenance Insuran¢e Printing. p051age and 5talionery Advertising and rnarketing costs Tekcommunicalions and data costs Subscriptions Professional subscriptions Bank charge8 Sundry expenses 312 312 3.342 572 49 2.1B1 651 46 39 868 488 35 72 870 693 387 139,5011 134,1971 OPERATING DEFICIT 133,5191 115.1971 Interest payable and slmllar charges Late payment tax charge$ 859 18591 DEFICIT FOR THE FINANCIAL YEAR 133,5201 116,0561 Page 7