2024-03-31-accounts - The Moving On Project

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THE MOVING ON PROJECT

Charity No. 1147632

Company No. 07764753

Trustees' Report and Unaudited Accounts

31 March 2024

THE MOVING ON PROJECT Contents

	Pages
Trustees' Annual Report	2 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Summary Income and Expenditure Account	8
Balance Sheet	9
Statement of Cash flows	10
Notes to the Accounts	11 to 18
Detailed Statement of Financial Activities	19 to 20

Page 1

THE MOVING ON PROJECT

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

Reference and administive details

Company No. 07764753

Charity No. 1147632

Registered Office

Xperience Trinity Street Fareham Hampshire PO16 7SJ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M Clarke J. Crosby (Appointed 1 February 2024) A. Domblides

S. Hudson

I. Tucker

G. Wilson

Accountants

Eclipse Accountancy Ltd Fareham Innovation Centre

Merlin House, 4 Meteor Way Lee on the Solent Hampshire PO13 9FU

Page 2

THE MOVING ON PROJECT Trustees Annual Report continued

Objectives and activities

The charity's objects are to relieve sickness and to promote and preserve good health and education by the provision of counselling and support services for young people and their families across South East Hampshire including Fareham, Gosport and Havant Borough Councils and within the boundaries of the city of Portsmouth. The charity helps young people aged 11 to 25.

Our vision for The Moving on Project is to improve the emotional health and wellbeing of young people aged between 11 and 25 in South-East Hampshire, Fareham and Gosport in order that they can achieve their full potential.

Our mission at The Moving on Project is to provide quality, confidential counselling which is actionable and sustainable to support the young people in the Fareham and Gosport community move forward to their future.

We pride ourselves on our values at The Moving on Project and these are at the heart of everything we do.

Integrity

We deliver the highest standards of professional and ethical behaviour, and value transparency and honesty in our communications, relationships and actions, whilst maintaining confidentiality.

Safety

We prioritise the safety of our clients, our counsellors and our volunteers always.

Community

We want to have a positive impact on our community. For years our community has protected and looked out for one another. At a time when we are becoming less connected, the power of the community has never been more important.

We have created a simple message that potential Trustees can get behind to give the strategic desired outcome.

T - Target more funding
H - Help more clients
R - Reach out to our community
I - Inspire young people
V - Value our counsellors and staff
E - Ensure longevity of the charity

The charity achieves its objectives by:

Offering one-to-one counselling and group work for young people aged from 11 to 25.

• Working with children and young people within GP's surgeries, secondary schools and colleges. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Page 3

THE MOVING ON PROJECT Trustees Annual Report continued 1

Achievements and performance

In the period between 01 04 2023 and 31 03 2024, we provided 1,673 sessions of counselling for young people, helping 446 young people in our designated area.

Material Strategic Changes

The board of trustees made a number if strategic decisions in the previous financial year to ensure the long-term wellbeing of the charity, these are as follows:

The Charity will not look to take on any high-risk cases unless a specific exception is granted.
The Charity will promote and extend its private counselling practice to improve cashflow.
The Charity will seek to modernise both its service offering and its digital presence ensuring it remains
accessible and relevant to young people.

Financial review

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 between three- and six-month’s expenditure. The Trustees consider 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 those systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee and has no share capital. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association.

The Moving on Project is committed to having a diverse and active Trustee board. The Trustee recruitment, selection and induction process that The Moving on Project uses seeks to follow the Charity Commission document.

There is currently a vacancy in the Trustee Board as we are looking for a Treasurer.

The Moving on Project's Board of Trustees ultimately make all decisions on behalf of the charity. They meet regularly to discuss aspects of the charity's work, make decisions and monitor the delivery of outsourcing agreements.

Page 4

THE MOVING ON PROJECT Trustees Annual Report continued 2

The Chair's Summary

The year has been relatively consistent for the charity with no major changes to its outlook, its performance has remained flat and its financial situation remains reconcilable with previous years. We continue to operate in a challenging environment, with fewer resources needing to be spread across increasingly complex cases. The charity's main concerns are around providing the right support without overstretching our limited resources. The charity has been looking at improving its internal systems, its future talent and its vectors for cashflow.

In addition to this the charity needs to modernise and stay accessible and relevant to the young people we support, and have looked at a range of initiatives and the first will be to overhaul our digital presence in the coming financial year.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board M. Clarke Trustee 30 August 2024

Page 5

THE MOVING ON PROJECT

Independent Examiners Report

Independent Examiner's Report to the trustees of THE MOVING ON PROJECT

I report to the charity trustees on my examination of the financial statements of THE MOVING ON PROJECT for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the company (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 your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with 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 under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Anouska James ICAEW Eclipse Accountancy Ltd Fareham Innovation Centre Merlin House, 4 Meteor Way Lee on the Solent Hampshire PO13 9FU 30 August 2024

Page 6

THE MOVING ON PROJECT

Statement of Financial Activities

for the year ended 31 March 2024

Unrestricted funds 2024 £ 15,474 40,906 15,317 1,016 -	Restricted funds 2024 £ 58,515 - - - -	Total funds 2024 £ 73,989 40,906 15,317 1,016 -	Total funds 2023 £ 84,128 41,305 13,984 127 199
72,713 53,562	58,515 96,882	131,228 150,444	139,743 127,651
53,562 -	96,882 -	150,444 -	127,651 -
19,151 -	(38,367) -	(19,216) -	12,092 -
19,151	(38,367)	(19,216)	12,092
19,151 53,186	(38,367) 78,794	(19,216) 131,980	12,092 119,888
72,337	40,427	112,764	131,980

Page 7

THE MOVING ON PROJECT

Summary Income and Expenditure Account

for the year ended 31 March 2024

Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year	2024 £ 130,212 1,016 131,228 150,369 75 150,444 (19,216) (19,216)	2023 £ 139,616 127
		139,743
		127,465 186
		127,651
		12,092
		12,092

Page 8

THE MOVING ON PROJECT

Balance Sheet

at 31 March 2024

Company No. 07764753 Notes 2024 £ Fixed assets Tangible assets 12 - - Current assets Debtors 13 11,599 Cash at bank and in hand 106,323 117,922 Creditors:Amount falling due within one year 14 (5,158) Net current assets 112,764 Total assets less current liabilities 112,764 Net assets excluding pension asset or liability 112,764 Total net assets 112,764 The funds of the charity Restricted funds 15 Restricted income funds 40,427 40,427 Unrestricted funds 15 General funds 72,337 72,337 Reserves 15 Total funds 112,764	2023 £ 75
	75 11,205 126,429
	137,634 (5,729)
	131,905 131,980
	131,980
	131,980
	78,794
	78,794 53,186
	53,186
	131,980

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 30 August 2024

And signed on its behalf by:

M. Clarke

Trustee

30 August 2024

Page 9

THE MOVING ON PROJECT Statement of Cash flows

for the year ended 31 March 2024

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables (Decrease)/Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2024 £ (19,216) 75 (1,016) (394) (569) (21,120) 1,016 1,016 - (20,104) 126,429 106,325 106,323 106,323	2023 £ 12,092 186 (326) (2,081) 565
		10,436 326
		326

		-

		10,762
		115,666
		126,428

		126,429

		126,429

Page 10

THE MOVING ON PROJECT Notes to the Accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional 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 gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

THE MOVING ON PROJECT Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer Equipment 33.33% Straight Line Fixtures, fittings and 25% Straight Line equipment

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original 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.

Page 12

THE MOVING ON PROJECT Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised 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 goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 13

THE MOVING ON PROJECT Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from charitable activities Income from funding	Unrestricted £ 15,474 15,474	Unrestricted funds 2023 £ 9,332 41,305 13,984 127 199 64,947 91,545 91,545 (26,598) (26,598) (26,598) 79,784 53,186 Restricted £ 58,515 58,515 Unrestricted £ 40,906 40,906	Restricted funds 2023 £ 74,796 - - - - 74,796 36,106 36,106 38,690 38,690 38,690 40,104 78,794 Total 2024 £ 73,989 73,989 Total 2024 £ 40,906 40,906	Total funds 2023 £ 84,128 41,305 13,984 127 199
				139,743 127,651
				127,651
				12,092
				12,092
				12,092 119,888
				131,980
				Total 2023 £ 84,128
				84,128
				Total 2023 £ 41,305
				41,305

Page 14

THE MOVING ON PROJECT

Notes to the Accounts

6 Income from other trading activities

Private Counselling 7 Income from investments Interest received 8 Other income HMRC Grants 9 Other expenditure Supervision Costs Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 10 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets	Unrestricted £ 3,180 25,188 5,185 625 75 14,941 4,368 53,562	Unrestricted £ 15,317 15,317 Unrestricted £ 1,016 1,016 Restricted £ - 93,242 - 1,250 - 2,390 - 96,882 2024 £ 75	Total 2024 £ 15,317 15,317 Total 2024 £ 1,016 1,016 Total 2024 £ - -	Total 2023 £ 13,984
				13,984
				Total 2023 £ 127
				127
				Total 2023 £ 199
				199

			Total 2024 £ 3,180 118,430 5,185 1,875 75 17,331 4,368 150,444	Total 2023 £ 3,360 99,014 3,665 2,500 186 14,545 4,381
				127,651
				2023 £ 186

Page 15

THE MOVING ON PROJECT Notes to the Accounts

11 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 12 Tangible fixed assets Cost or revaluation At 1 April 2023 At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 13 Debtors Trade debtors 14 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals	2024 112,685 2,474 1,607 116,766 Computer Equipment £ - - - - - - - 2024 £ 11,599 11,599 2024 £ 1,203 1,736 300 1,919 5,158	Fixtures, fittings and equipment £ 2,827 2,827 2,752 75 2,827 - 75	2023 95,048 1,704 1,596
			98,348
			Total £ 2,827
			2,827
			2,752 75
			2,827
			-
			75
			2023 £ 11,205
			11,205
			2023 £ 1,900 1,620 288 1,921
			5,729

Page 16

THE MOVING ON PROJECT Notes to the Accounts

15 Movement in funds

Incoming resources (including other gains/losses ) £ 58,515 58,515 72,713 131,228	Resources expended £ (96,882) (96,882) (53,562) (150,444)	At 31 March 2024 £ 40,427
		40,427
		72,337
		112,764



At 1 April 2023 £	Unrestricted funds £ 112,764 112,764 Cash flows £	Total £ 112,764
		112,764
		At 31 March 2024 £
126,429	(20,106)	106,323
126,429 126,429	(20,106) (20,106)	106,323
		106,323

Page 17

THE MOVING ON PROJECT Notes to the Accounts

18 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

*Operating lease commitments* Annual commitments under non-cancellable operating leases	are as follows:
2024 Land and buildings £ Operating leases with expiry date: *Pension commitments* The pension cost charge to the company amounted to: 19 Related party disclosures *Controlling party*	2024 2023 Other Land and buildings £ £ 2024 £ 1,607	2023 Other £ 2023 £ 1,596

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 18

THE MOVING ON PROJECT

Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from: Donations and legacies Donations Charitable activities Income from funding Other trading activities Private Counselling Investments Interest received Other HMRC Grants Total income and endowments Expenditure on: Other expenditure Supervision Costs Employee costs Salaries/wages Employer's NIC Pension costs Staff training Motor and travel costs Travel and subsistence Premises costs Rent General administrative costs, including depreciation and amortisation Depreciation of Computer Equipment	Unrestricted funds 2024 £ 15,474 15,474 40,906 40,906 15,317 15,317 1,016 1,016 - - 72,713 3,180 3,180 19,443 2,474 1,607 1,664 25,188 5,185 5,185 625 625 -	Restricted funds 2024 £ 58,515 58,515 - - - - - - - - 58,515 - - 93,242 - - - 93,242 - - 1,250 1,250 -	Total funds 2024 £ 73,989 73,989 40,906 40,906 15,317 15,317 1,016 1,016 - - 131,228 3,180 3,180 112,685 2,474 1,607 1,664 118,430 5,185 5,185 1,875 1,875 -	Total funds 2023 £ 84,128
				84,128
				41,305
				41,305
				13,984
				13,984
				127
				127
				199
				199
				139,743 3,360
				3,360
				95,048 1,704 1,596 666
				99,014
				3,665
				3,665
				2,500
				2,500
				-

Page 19

THE MOVING ON PROJECT

Detailed Statement of Financial Activities

Depreciation of Fixtures, fittings and equipment Equipment expensed General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	75 248 1 28 9,779 2,056 1,191 1,638 - 15,016 4,320 48 4,368 53,562 53,562 - 19,151 19,151 - 19,151 53,186 72,337	- - 890 - 1,500 - - - - 2,390 - - - 96,882 96,882 - (38,367) (38,367) - (38,367) 78,794 40,427	75 248 891 28 11,279 2,056 1,191 1,638 - 17,406 4,320 48 4,368 150,444 150,444 - (19,216) (19,216) - (19,216) 131,980 112,764	186 1,136 830 12 8,402 1,633 1,530 982 20
				14,731
				4,320 61
				4,381

				127,651
				127,651 -
				12,092
				12,092 -
				12,092
				119,888
				131,980

Page 20