Ilr/ UET S K l L L S F O R E V E R Helping young people and adults with additional needs to help themselves ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 UPLANDS ENTERPRISE TRUST Stratton Road, Swindon, SNI 2PN Registered Company number 08011951 ReElStered Charity number 1148086
CONTENTS INTRODUCTION................................................. REFERENCE AND ADMINISTRATIVE DETAILS..... TRUSTEES. REPORT.......................................................... OBJECTIVES AND ACTIVITIES.... OBJECTS AND AIMS.......................... OBJECTIVES, STRATEGIES AND ACTIVITIES............................... PUBLIC BENEFIT....................................... .15 DELIVERY................. .15 FINANCIAL REVIEW............ . 17 RESERVES POLICY..................................................... .17 FINANCIAL POSITION... .17 PENSION..................................................... .17 PRINCIPAL FUNDING SOURCES.................................. .. .17 PRINCIPAL RISKS AND UNCERTAINTIES..................................... .18 FUNDRAISING......... 18 GOING CONCERN .................... 19 STRUCTURE, GOVERNANCE AND MANAGEMENT......................................... GOVERNING DOCUMENT........................................ .19 .19 RECRUITMENT, APPOINTMENT. INDUCTION AND TRAINING OF NEWTRUSTEES........ 19 ORGANISATIONAL STRUCTURE.......... .20 ARRANGEMENTS FOR SETTING PAY AND REMUNERATION OF KEY MANAGEMENT PERSONNEL..................................................... .20 RELATED PARTIES .................. .. .20 RISK MANAGEMENT..................................... . . .20 Trustees Responsibilities...........-................... Auditors Report..................................... .. Statement of Financial Activities... 21 .22 .25 Balance Sheet.......................... 26 Cash Flow Statement............... .27 Notes to the Financial Statements............................................. 28
INTRODUCTION Uplands Enterprise Trust (UET) is a Swindon based charity that helps young people with additional needs to help themselves. UET is led by a knowledgeable Board of volunlary Trustees and run by enthusiastic, skilled, and creative staff. The Trust is constantly developing, expanding, and changing lo improve the lives of disabled young people within Swindon and the surrounding areas. This unique charitable trust was set up in response to the need for meaningfvl opportunities for disabled young people once education ends. In reality most young people with Addilional NE left education at 19 embarked on a life of leisure for the remainder of their adult lives. The early retirement option was not welcomed by the young people or their families who had worked extremely hard in partnership with their child's school to prepare them for a purposeful lrfe contributing to their local community. UET was created to ensure Ihat this aspiration, to be valued by and contribule to the local community, was realised for young people with disabilities, regardless of the barriers caused by their disabilities as there was little post education opportunities. The UET Story The beginning the Charity shops . UET was created in 2012 with a clear ambition to provida meaningful and purposeful skill-based opportunities to enable these Children and Young People & Adults (CYP&A) to gain transferable skills that should benefit the community, provide them with sound work ethics and a sense of worth and belonging. UET wanted to make a difference to their life choices and outcomes and began by creating the opportunities to help shape their future. This ambition started with a small charity shop. The Redhouse shop opened in November 2012 just behind Uplands school, a great location for the students to access and assist in all aspects of retail and running the café. More shops followed and by 2019 UET had a specialist baby and children's shop, a boutique and our flagship store in the Brunel Centre in Swindon. The retail decline and the impact of COVID 19 pandemic resulted in UET asIng trading in the Charity Shops. In late 2020 these retail premises were re-purposed to support enterprise activity and the Online retail offer. The Online retail offer continues lo be a focus for development for UET both in terms of revenue sales but also as a effedive vehicle for providing the UET CYP&A with the skills needed for the changing retail landscape. The retail property portrolio conlinued to be reduced over 202112022, with UET breaking from the Gorsehill Unit 117 in December 2021 and Redhouse lease coming to an end in August 2022. The Online premises in Gorsehill will then be the only remaining retail premises until October 2023. What about a Fami ... The UET farm at South Leigh establish8d in 2013, offered CYP&A the chance to engage and interact with livestock and learn life skills in heallh and safety, environmental care, life processes and horticulture. Since Sept 2023 the Farm has been exclusive, the fami enables all our CYP&A to interact with peers and staff while taking part in practical, hands-on experience regardless of their ability- Our poly-tunnel with wheelchair height planters, fully equipped workshop. and selection of small mammals through to chickens, a pony and the farm dogs provide a varied and friendly environment. The UET Farm continued to primarily be an exporter of services to Brunel Academies Trust IBrunel} with over 95D/o of all Fami sessions being offered to Brunel provisions. The UET Fami is now registered with and approved by Social Famis & Gardens, which is already improving support networks and providing a wider range of opportunities for the CYP&A. From
July 2022 the farm became sole use for UET, providing the young people with horticulture and animal care including equine experience along with social interaction with their peers and staff. Then Horizons College . The college opened in September 2013 as a community-based specialist college offering educational opportunilies for learners aged 16 - 25 years old with a wide range of special needs. The college grew rapidly from 10 learners in September 2013 to over 80 learners in September 2020. The college played a major role in the UET'S development, but the rapid growth and focus on education outcomes meant that the transfer of the college to the educational family of the emerging Brunel Academies Trust (Brunel), previously known as Brunel SEN MAT {BSM) was in the best interests of the college and the remaining UET non-education activity. Following the launch of the Brunel Academles Trust (Brunel) in September 2018, Horizons began the transition to join its educational partners. This was achieved through the establishment of the Brunel subsidiary company Brunel Education (BE}, which enabled Horizons College to transfer to BE on 31st August 2019. Followed by the development of the post-education Skills Offer . As the college grew and developed, the College learners needed a quality Post-education offer that continued lo develop and maintain the skills leamt through school and college. UET was committed to supporting the College leavers and their families, so created a post-education skills- based offer that ensured skills learnt were applied through a range of work and life skills opportunilies. Skills for Work and Skills for Life became a quality post*ducation programme promoting independence and life in the community. This well-respected Skills offer further developed with the addition of a Bespoke Skills programme in September 2019 that was created to be accessible by YP&A that needed a fully indtvidualised package with a focus on functional activity leading lo enterprise opportunities. In 2020121, UET further diversified Although 2020 saw UET remove the retail activity it also saw the implementation of a new servic8 UET Short Breaks, a respite provision for Children and Young People with additional needs and their families. This new Short Breaks service was accompanied by the lease of an exciting new premises which will allow for furthér diverslfication through increasing and developing the offer for children from 5- 18 years. The initial 1-year Short Breaks tender was very successful with over 70 regular placements, despite the significant challenges posed by COVID reslrictions during the lockdowns, COVID safe practices and inevitable COVID outbreaks. The initial lender was retendered in June 2021 and formally awarded to UET in July 2021 for a further 5 years with an eslimaled value in excess of 1.3 million and an associated growth and development plan. The Short Breaks offer was transferred to Brunel Education in April 2023. as a provision for children and young people under the age of 18 years old. UET decided that Brunel Education had the required expertise to meet the Ofsted regulatory framework and allow UET to continue to focus on an adult service, led by an experienced Senior Leadership Team. UET has evolved, developed, and grown since Horizons College transferred to Brunel Education. Having moved from a predominantly retail offer wilh an income of approximately £250,000 in 2016 to a combined service offer for the academic year 22123 that has an estimated income of over £1,400,000 predominately funded by local authority or social care placement fees. These placement fees are funded now by adult services and provide a non-profit sustainable income for UET ta enable the sèrvice lo expand and develop to meet the needs of a wider range of YP&A wilh additlonal needs. In September 2023 there were 88 YP&A a¢ssIng the Skills for Ever provision.
The UET Timeline op opens In ouse to provi ewor expersence or stu en rom 2012 Uplands School. .UET Farm opens al South Lelgh lo provide further work skills and the chance for students to interact with livestock. learn horticulture skills and environmental care. .The UET Learning Centre opens in Stratton Road in September 2013 with 14 leamers. The UET Learning Centre is an Independent Specialist Provider offering educational opportunities for post 19 young people with a wide range of special needs. 2013 .Skills for Life launches at the Community Enterprise C&nlre. The post education provision offers a wtde range of opportunilities to develop life and social skills. 2014 .Expansion of Retail to include the opening of the Gorse Hill Charity shop providing further work experience and volunteering opportunities. 2015 .The Headlands silg is acquired in September 2016 as an additional campus for the UET Learning Centre in order to develop the need for further post educ81iorb Opportunities. UET develops a long term view and reslruclure plan lo ensure we are evolving and constantly developing plans lo ensure that the UET offer continues lo be innovative. 2016 .September 2017 - Horizons College launehed (formerly UET Learning Centrel- there are now 60+students on roll. .Two more shops open in Gorse Hill, our Boutique and Baby shop. 2017 ills for Work launches providing training and support opportunities. • Brunel Academies Trust (Brunel) previously known as Brunel SEN Mulli Academy Trust IBSMI is born. Consisting of six education provisions in Swindon. Brunel provides bouliqug education to children and young people with additional needs. The existing work experience to UET'S educational artners is widened with close wofkin links to Brunel. nto work and volunteering 2018 Launch of the new Skills for Work site in September offering an additional level to Skills for Work to ensure that young people with more complex needs are able to access a more bespoke offer. .June 2019- Brunel Education. a subsidiary of Brunel is established. 1st September 2019- Horlzons College transfers from UET to Brunel Education- 78 learners on role. 20 .May 2020 Due lo the impact of COVID 19 UET ceases retail charity shop trading. .July 2020 UET secures Short Breaks Respite Contract. .August 2020- Bespoke Provision grows and moves lo the Communty Enterprise Centre. .Skills for Life move lo Shaw Farm in readiness for UET Short Breaks to commence in Sept 2020. 2020 Skills Offer lo grow by an estimated 300A with 62 Yng people & adults regularly accessing weekly programs. .99QA staff vacrynaled against COVID 19. 2021 Embed CQC framework Ihroughoul UET. Explore residential premises to offer residential placements lo YPIA wllh additiorbal n88ds . Transfer Short Breaks lo Brunel Eduislion 2022
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2023 Registered Company number 8011951 (England and Wales) Registered Charity number 1148086 Registered office Stratton Road Swindon Willshire SN12PN Charity name Uplands Enterprise Trust (previously known as Uplands Educational Trust) Trustees Jackie Fieldwick- Principal Trustee Derek Dinsey Jeff Smith Anthony Griffiths appointed 29.03,12 reappointed reappointed retired and reappointed resigned reappointed retired and reappointed reappointed retired and reappointed 13.03.19 16.03.22 22.03.23 26.06.23 Susan Dinsey Daniel Boden (Chair) Chris Sims Alan Stone 16.03.22 22.03.23 16.03.22 22.03.23 Company Secretarylclerk Michelle Carter appointed 25.01.22 Patron William Wyldbore-smilh Senior Leadership Team Jackie Fieldwick Chief Executive Officer (CEO) Director of Operations Head of Service Tracey Morley Chloe Mor18y Solicitors Stone King LLP Boundary House 91 Charterhous8 Str88t London EC1M 6HR AccountantslAuditors Ross Brooke Ltd 16 Dorcan Business Village Murdock Road Dorcan Swindon, SN3 SHY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statemenls of the charity for the year ended 31 st August 2023. The Trustees have adopted the provisions of the 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 January 20191. OBJECTIVES AND ACTIVITIES A. OBJECTS AND AIMS The objects of the charity ar8.. 1. to advance for the public benefit education in the Unlled Kingdom, in particular but wilhout prejudice to Ihe generality of the foregoing by developing, managing and providing, either directly or through third parties, education and training to pupils at Uplands School in Swindon (or any successor school to it),. 2. promoting for the benefit ()f the inhabitants of Swindon and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth. age, infirmity or disablement, financial hardship, or social and economic circumstance or for th8 public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants,. and 3. to advance health and relieve disability by improving the morale, confidence, well-being, skills, and abilities of those deemed vulnerable. B. OBJECTIVES, STRATEGIES AND ACTIVITIES The UET Vision & Mission Our Shared Vision Helping those with addltlonal needs to help themselves. Our Mission To be a unique, high-quality organisation that builds self-belief, confidence, and skills to support those living with additional needs to feel valued and included within their community. Our Mission Objectlves ExptIOnal Services Exceptional People
Exceplional Praclice
Our Values The Vision and Mission are underpinned by the shared core values=
Aspiration Integrity Inclusion Our Principles Our prlnclples are shaped by our vision. mission & values. Exceptional services where everyone can realise their potential. Commitmentto the Safeguarding of all CYP&A is a key focus of all in the Trusl. Innovative opportunities promote well-being and improves the life chances of CYP&A Sustainable business model delivered Ihrough fully c¢)rnpliant practice. High standards of Governance & leadership, with financial security and effective management supported by efficient servic8s tnust be embedded in all areas to enable excellent outcomes. High quality professional development is valued. Effective and Collaborative partnershlps are promoted with all stakeholders to develop exceptional ADDTIONAL NEEDS services and provlslon. Mission Objectives Exceptional Services All our children, young people and vulnerable adults have exceptional opportunities through high quality services and provisions Ihat enable them to develop thé skills and attributes to contribute to and feel valued by their community. Exceptional People UET is led by committed team of Trustees and staff lour UET people) who operate with absolute integrity, are fOard thinking, hardworking, skillful practitioners detemiined to enable children, young people and vulnerable adults with ADDTIONAL NEEDS to reach their full potential. Exceptional Practlce Best practice is embedded to ensure sustainable provisions that are inclusive, aspiralional, vibrant, safe, compliant, financially healthy, well-resourced and led by an exceplional team. The UET Mission Objectives IMO) are met through clearly defined Strategic Objedives (SO}. Progress towards achieving the MO SOS will be measured by a range of Key Performance Indicators (KPI). The KPIS ensure progress can be described both quantifiably and qualitatively towards achieving the SOS. The over-arching MOS for UET drive strategic planning and ensure the UET 'Golden Thread" is evident in all aspects of development and improvement. The moniioring of progress is robustly embedded supported by rigorous controls and moderation. The SOS are reviewed annually based on the outcomes of Ihe KPIS for each year and the UET strategic Plan is a dynamic 3 Year rolling program of intent, implementation, and impact that qualily assures outcomes across UET.
SOS and KPIS are monitored regularly through Ihe year by both Trustees and the Senior Management Team (SMTI through the more detailed Development Plans associated with each MO and SO. The overall success of each SO and associated KPIS will be FiAG rated in July of each academic year and the impad ofthe KPIS outcomes measured. This RAG rated review will then inform any amendments for subsequent SO andlor KPIS for the next academic year. The Strategic lead for the MOS has direct accountability for ensuring outcomes and impact. A delegated lead is identified for each SO and associated KPIS to ensure actions are achieved in the agreed time scale and identify interventions if required. Progress towards the MOS and SOS will be monitored regularly by the Strategic and Delegated Lead and will be reported to the UET Board through formal reports and SMT up-dates. Key Stratégic Objective Overview 202212023 Mission Objective 1- ExGeptional Services". S01. To provide an exceptionally high-quality service offer tailored to individual needs, goals, and outcomes, achieving this through an engaging, stimulating, and inclusive environment. S02.- To embed a strong focus on Safeguarding and YPIA Wellbeing as a key priority. Mission Objecllve 2- Exceptional People: S03: To recruit the best people, invest in our staff training. recognise, and reward our staff to promote commitment and longevity of service. S04: To embed the importance of staff wellbeing ensuring they f8el supported. listened to, and have the tools and resources they need. Mission Objective 3- Exceptional Practice S05: To embed a quality assurance framework in line with the Care Quality Commissions 5 Key Questions S06: To deliver Governance thal is effective, supportive. and challenglng to ensure accounlability. Mission Objective 1 Exceptlonal Services Table 1. Exceplional Services Strategic Objective KPI NO. End of Year RAG Comments S01. To provide an exceptionally high- quality service offer tailored lo individual needs, goals. and outcomes, achieving this through an engaging, stimulatlng, and inclusive environment. 2 achieved & 1 partially achieved
S02.- To embed a slrong focus on Safeguarding and YPIA Wellbeing as a key priority. 3 of 3 Achieved Mission Objective 2 Exceptional People Table 2. Exceptional People Strategic Objective KPI No. End of Year RAG Comments S03: To recruit the best people, invest in our stsff training, recognise, and reward our staff to promote commitment and longevity of service. 3 achieved S04: To embed the importance of staff wellbeing ensuring they feel supported, listened to, and have the tools and resources they need 3 achieved Mission Objective 3 Exceptional Practice Table 3. Exceptional Practlce Strateglc Objectlve KPI No. End of Year RAG Comments S05: To embed a quality assurance framework in line with the Care Quality Commissions 5 Key Questions 3 achieved S06: To deliver Governance that is effective, supportive, and challenging to ensure accountability. 1 achieved. 1 partially achieved & 1 not achieved io
Summary Table 5: MO Total KPIS RED AMBER GREEN GREY T<rtal= 18 1 16'AI 2{11/0) 15 {83Vh) The table above provides a summary of UET perf0mlan againsl the Key Performance Indicators outlined in our strategic plan 22123. As you will see we have achleved 83% of KPI'S as you agree is a great oulcome. Activity Overview 22123 UET had two key service areas.. 1. Skills for Ever {The Skills Offer for post*ducation YP&A 18 years + with 3 cohorts) 2. Short Breaks Respite (The Children Offer for5- 18 years), Sin 1st of April 23 this servi has transferred into Brunel Education. Placements across our key service areas within UET are conlinuing to increase wilh further growth expected in 202212023. This growih has required robust strategic planning underpinned by a clearly defined growth & resource plan, and this level of growth is expected into the next academic year 202312024. In our Skills for Ever service we have seen an additional 16 YP attending, we are delivering over 1,600 hrs per w8ek across our 3 sites. li
Skills for Ever {YP&A) Skills for Ever is delivered through three distinct cohorts of provision: Skills for Life, Skills for Work and Bespoke. Each programme has a specialist offer that is tailored to meet Ihe needs of their cohort through experienced and trained stsff. Skllls for Llfe offers structured sessions that are innovative, creative, and adapted to meet the needs of our cohort. Skills for Life support YP&A with complex health needs and provides physical health support. Skills for Life .11.. Enable communication. We recognise that communication is imperative for our YP&A, and that there is more to communication than jusl verbal language. We encourage the use of communication aids that are provided within Skills for Life. Promote choice. Our trained staff use technology as an aid to enable our YP&A to independenlly make decisions. Choice is encouraged in every possible instance at Skills for Lrfe. Support health and wellbeing. We offer a variety of sessions that creale new experiences for our YP&A. Our trained staff provide personal care and physical health support, ensuring care provided is dignified and safe. Create a sense of belonging. Our structured sessions enable our YP&A to participate within group sessions, crealing a sense of community. We encourage interaction between our YP&A, building upon their social interaction and relationships. Skills for Work offers a work-focused package, to provide work experience opportunilies to enable people to step into volunteering, self-ernployed or employed work with or without support. We aim to build the Gonfidence and knowledge of our YP&A whilst also instilling professional values. Skills for Workprovide work experience in.. Hospitality. Our YP&A provide hot lunches for stsff 4 days a week, they cost the ingredients, and are supported to purchase and prepare the meals. Farm. South Leigh offers the YP&A the chance to engage and interact with livestock and learn lrfe skills in health and safety, environmental care, life processes and horticulture. Being fully inclusive. the farm enables all our YP&A to interact with peers and staff while taking part in practical. hands-on experience regardless of their ability. Enterprise. UET Enterprise provide a t-shirt and mug printing service. The YP&A have access to and operate the machinery used. We also pickle eggs and onions to sell and make candles and wax melts. Admin. Skills for Work have an office environment where our YP&A complete admin tasks. We also have an online shop, where our YP&A sort through stock. take photos and upload items of clolhinglhomeware ilems online. Care Work. All at Skills for Work have the opportunity to complete care work within UET. Bespoke launched in summer 2019 to deliver tailored made packages, supporting YP&A with higher support requirements, and initially started wilh 3 YP&A, which very quickly became five. Due to the nature of the YP&A we supported we were mainly based off site, initially supporting the charity shopswith our logistic team. Bespoke then moved intothe CEC building in September 12
2020 which enabled further development of the well-being offer that was required in COVID. This included the development of well-being sessions, addressing things like anxiety and low mood through Yoga sessions specifically capturing our YP&A with ASD. We also support our YP&A to access Lift counselling services to address mental health issues. AII YP&A are supported at a 1-1 or above ratio. Packages to include hands on learning, to produce enterprise, embedding functional skills, whilst gaining essential employability skills. Our offer includes., Essential living skills, with activities, like shopping, cooking, and cleaning. Social and community skills, accessing café's pubs and restaurants. We also support our local community with regular litter picking sessions. Tailor rnade sensory sessions, utilising our recently purchase OMI tsble. Community links, such as Oak and Furrows, and The Big Yellow Bus project. Enlerprise activity such as woodwork. textiles, catering. horticulture, business studies within an enterprise, logistics, Health & Safely awareness, recycling. and current world trends. 2. Short Breaks (CYP) Launched in September 2020, UET Short Breaks offers a provision for C&YP aged 5-18 with ADDTIONAL NEEDS. The Short Breaks provision provided afterschool, weekend respite and school holiday respite. This provision was moved to Brunel Education from April 2023, with the relevant staff TUPE across. Farm UET Farm offered an inclusive, therapeutic, and educalional space for Children and Young People ICYPI with additional needs and complex needs. We encouraged and supported a variety of outdoor leaming and nalure-based activities around the Farm. All sessions are bespoke and interlinked to students appreciating the valuable part they play in caring for the environment and each other, leam transferable life and social skills and contribute lo a positive sense of well- being, since September 2023 the Fami is now only accessed by YPIA from UET, our staff support our YPIA wlh: Caring forthe animals- chickens, ducks & a pony Growing in the organic garden Cooking with homegrown produce in the cabin Wildlife watching in our pond area 13
Each provision within UET has made good progress in year 22123 below provides an overview of some of the achievements in each provision. Skills for Life The team at Skills for Life have shown great commitment and tenacity to ensuring the young people and adults health and wellbeing is paramount, providing a safe and engaging environment to maintain their level of independence and provide peer to peer interaction. Skills for Work Our focus has been providing meaningful opportunities by converting our retail offer to our online shop. sustaining their wellbeing and relationships, and having a focus on enterprise production. Since the Covid restrictions have lifted, we have been able to acc8SS the local community more. allowing our YP lo engage with local businesses once again. gaining work experience opportunities with several local businesses. Bes Expanded production of enterprise items which has broadened their partn8rships within Ihe community to increase opportunities for the young people and adults. Our YP have regular opportunities lo advertise and sell their enterprise products. working on their communication and customer seNice skills. With the implementation of recording tools to capture engagement, outcomes and inform next steps for each individual young person and adult within each provision. 14
C. PUBLIC BENEFIT The Trustees have paid due regard lo the Charity Commission's guidan on public benefit in deciding what activities the charity should undertake. The Trustees consider that they have acted in the public benefit. D. DELIVERY Effective leadership For UET lo continue to be a unique organisation, providing meaningful opportunities for young people wilh additional needs and deliver our key strategic objectives. we recognise that we have to.. 1) Have a fOard-thInking effective leadership team. driven by a focused trustee Board and an adaptable team that have a passion for the work of the trust. Develop an 8ffici8nt SMT and admin support team to enable the provisions to deliverwith the tools. information and knowledge they require. 2) Continuously quality control the UET offer by quality assurance and stakeholder feedback. 3) Ensure that our growth is clear, planned and agreed whilst maintaining the quality offer of the UET. UET is led by a knowledgeable Board of voluntary Trustees and run by enthusiastic, skilled, and creative staff, and is a registered charity which operates for its charitable purposes for the public benefit. The Trustees report to the Charity Commission each year on how it has carried out its charitable purpose for the public benefit in line with the Charil Commission's ublic benefit uidance where relevant. UET Trustees ensure that they are aware of the guidance and take it into account when making decisions to which th8 guidan is relevant. All Trustees uphold the Nolan Principles of Public Lrfe. The UET Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, have overall responsibility and ultimate decision-making aulhority for all the work of UET in line with Charity Commission guidelines. The Trustees adopt the provisions of the Accounting and Reporting by Charities.. Statement of Recommended Practice (SORP} applicable to charities when preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective January 20151. The UET Board of Trustees is made of individuals who are appointed because of the skills that they bring to the governance of UET. The Trustees have a range of skills and qualities, and a variety of professional and personal experience. Skills Audits are carried out annually lo ensure that UET has a diverse Board where Trustees have different experiences and perspectives which ensures that the Board makes well-rounded decisions. Any gaps in the overall skills identified from the Skills Audit informs the recruitment requirements of the Board lo continually ensure that the Board has the expertise lo.. exercise overall control of UET'S current business operations manag8 the tharity's resources responsibly set the strategy and oversee its implementation ensure that the needs of the UET'S beneficiaries are put first keep the charity true to its purpose The fundamental principles and rules of governance are detemiined within.. 15
The Articles of Association Associated guidance documents, policies and job descriptions Compliance wilh the regulations laid out in the Charities SORP The Charity Commission's public benefit guidance The UET Board alms to manage by exception and invest in areas of risk. It oversees operational standards, compliance, financial probity and safeguarding. It is responsible for overseeing the work of the Chief Executive Officer {CEO} and all staff in delivering UET'S vision, in line with the UET Strategic Plan. Link TrLtslees work closely with staff in each of Ihe UET Provision areas providing support and challenge to ensure Ihat UET'S provisions are safe, secure, are of high-quality and ensure the best outcomes for all young people. The UET Board ensure effective engagement with parents and carers, community and stskeholders through local knowledge. They oversee the implementation of the UET Provision Development Plans, ensuring alignment with UET'S vision and Strategic Plan. UET is led by the Chief Executive Officer ICEOI who leads the UET Senior Management Team (SMT) consisting of the Director of Operations and Head of Service. Quality Assurance UET recognises that external audits provide a valuable opportunity to vlew systems and processes through the eyes of experts in their field. Safeguarding is supported through an annual review with the safeguarding team (including the linked trustee) to ensure all understanding and prOsS follows legislation and all tgam training including the induction, is up to date. A GDPR external audit is carried out annually and SMTcarryout random GDPR audits throughout the year on team devices. H&S audits are carried out monlhly in-house and annually externally. Flnance month end reviews and checks are carried out by a Chartered Acwuntanl and final year end accounts are fully audited externally. Planning for the Future UET recognises its unique role in providing post education support to the young people il works with. With increasing demand for the services, it is essential thal we ensure that expansion does not compromise the quality of the UET offer and to keep the young people at the ntre of everything that we do. Whilst growth is inevitable, as unlike education we do not have a fixed lerm attendan, we recognise that we need to ensure that any expansion is within the original vision of the organisation. accommodating our original team of young people on their path through adulthood whilst welcoming new young people to a focused and supportive environment. Uplands Enterprise Trust Is a developing and growing charitable trust for young people and adults IYPIA} with additional needs focused on developing skills and supporting families. The key objective is to provide quality opportunities for YPIA with ADDTIONAL NEEDS to help them lo help themselves. UEfs detailed 3-year Strategic Plan will be measured by three Key Strategic Objectives (KSO) and their associated annual Key Pgrformance Indicators (KPIS) desuibed below, and there is an expectation that there will b8 Other developments as the charitable trust continues to grow. 16
One of the strengths of the UET is to keep evolving, we listen to the young people that we work with and create new opportunities to help support them. The following are additional areas for developmenl which will need to be revised and included in Ihe UET Strategic Plan for 202312024 Skills for Ever Continuing the Quality Assurance, focus on each of the individual provisions to ensure regulatory compliance. Focus on relevant training and development within the individual provisions to guarantee a mulli-skilled and confident workforce. Implement a robust process to capture and measure impact across UET. Plan and develop an additional provision to support our YPIA with practical independent living skills and employability skills providing opportunily within UET and within the local community. Explore a single sile for all UET provisions in the coming years. Incorporate a residential setting to offer placements for YPIA with a view to them moving into a more independent living arrangement once they have leamt the skills required. this would not lust be within Swindon but surrounding areas as well. FINANCIAL REVIEW RESERVES POLICY At the year end the Trust has total funds of £419,948 (2022- £374,193). Ofthose funds, £32,457 are held as reslricted funds and £115.373 are held as tangible fixed assets. The free reserves at 31 August 2023 are £387,491. The Trustees are confident that the trust can continue to operate wilh its reserves to reflect approximately 3 months of running costs (£276,000). B. FINANCIAL POSITION At the year end the trust had net current assets of £304,575. C. PENSION The trust contributes towards the NEST pension scheme. D. PRINCIPAL FUNDING SOURCES The Irust's main income source is from Adult Social Care funded packages and placements, NHS placements and Direct Payments received from parents and carers, with £1,196,698 income received in 2022123. 17
PRINCIPAL RISKS AND UNCERTAINTIES The UET Board of Truslees has reviewed the major risks to which the Tru51 is exposed together with Iho operating, financial and compliance controls that have been implemenled to mitigate those risks. The principal risks and uncertainties facing the Trust are as follows- Failures in governance andlor management- the risk in this area arises from potential failure to effectively manage the Trust's finances. intemal controls, compliance with regulations and legislalion, slalutory returns etc. The Trustees continue to review and ensure thal appropriate measures are in place lo mitigate these risks. R8PUtational- the conlinuing success of the Trust is dependent on continuing to attract applicants in sufficient numbers by maintaining the highest standards. To mitigate this risk Trustees ensure that a full quality assuran framework is embedded across all areas of UET and is closely monitored and reviewed. Safeguarding - the Trustees continue to ensure that the highest standards are maintained in the areas of selection and monitoring of staff, the operation of child and vulnerable adults, protection policies and procedures, health & safety and discipline. staffing- Ihe success of the Trust's Is reliant on the quality of its staff and so the Trustees monitor and review policies and procedures to ensure continued development and training of slaff as well as 8nsuring Ihere is clear succassion planning. Fraud and mismanagement of funds - All finance staff receive training to keep them up to date with financial practice requirements and develop their skills in this area. The full Board of Trustees met 4 times during th8 period 1 st September 2022 to 31 st August 2023. The AGM took place on 22nd March 2023 al Stratton Road, Swindon, SN12PN. At each of the meetings the Trustees reviewed the charities current activity and reviewed UET'S strategic and financial planning and the operational activily and developments of the charity. Standing items on the meeting agendas indude the review of the UET Risk Register and written reports from the CEO, Director of Operations and Head of Service, including a finance update from the Chief Finance Officer and Link Finance Trustee, Tony Griffiths {until his resignalion in June 2023). Management Accounts are also reviewed monthly with Ross Brookes Accountants, the CEO and Link Finance Trustee Tony Grrfilhs. The Trustees consider any risks using a risk evaluation matrix (operational. knowledge & people, financial, Compliance and reputation) which may affect the trust. It assesses the risk impart, the risk likelihood, and the control procedures in place, ensuring that 'red' risks are identified and appropriate strategies for the mitigation of any risks are identified. The Board monitors the implementation of these strat8gies and reviews the risk register at each Board meeling. F. FUNDRAISING Within 202212023 UET were very fortunate to have received grants for a total of £37,359 through successful applications completed by Caroline Dent. This consisted of£6,083 from St James's Place Foundalion, £3.000 from D'oyly. £10,000 from The National Lottery, £1,000 from Stratton st Margaret, £2,046 from The Willshire Community Fund, £14,396 from Openwork, £834 from Highworth festival. UET fundraised a total of £8,596 during the year which included £7,500 from The Swindon Rotary Club and £675 for selling votive candles. UET also received donations of £2,088 including £500 from Ihe Asda Green Token and £426.09 from the Superhero Matathon. 18
With Ihese funds the charity was able lo purchase 2 soundbeams, conduct work to the sensory room at Stratton Road, take a trip lo Boumemoulh. buy new equipment and fulfill both a Christmas and a stadight project. UET are still part of Swindon Community Lottery, Easyfundraising and Amazon Smile for which we receive monies. UET received no complaints aboutfundraising activities during 2022123. G. GOING CONCERN After making appropriate enquiries, the Board has a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For Ihis reason. it continues to adopt the going concem basis in preparing the financlal statements. Further details regarding the adoplion of the going concern can be found in the Accounting Policies. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charity is controlled by ils goveming document, a deed of trust. and conslitutes a limited Company, limited by guarantee, as defined by the Companies Act 2006. The charity is governed by its memorandum and articles incorporated 2910312012 as amended by special resolutionls) daled 0510712012. RECRUITMENT, APPOINTMENT, INDUCTION AND TRAINING OF NEW TRUSTEES The Trust has seven Trustees who are also directors of the company. The Trustees all have a background in either SEN Education. Health and Social Care, Finance, HR, Health & Safety, Governance and Risk Management or come from a local business or charity sertor background. Three of the seven Trustees are also parenls of young people with Special Educational Needs. The Trustees were recruited through their connection with the Brunel Academies Trust and the local community or recruited externally via the volunteering network, Involve Swindon. Trustees hold an Annual Visioning Day to discuss and agree UET'S 5 Year Strategic Plan and vision for the future. Newly appointed Trustees receive one to one induction training from the Principal Trustee to understand the Trustees role and responsibilities. the needs of the Cohort and the work of the Trust. At the Annual General Meeting held 22T March 2023, Mr Alan Stone, Mr Tony Griffilhs and Mr Daniel Boden retired. Following a proposal from Mrs Jackie Fieldwickwhich was seconded by Mr Chris Sims, Mr AJan Stone, MrTony Griffths and Mr Daniel Boden were each re-appointed fora furth8r term. This was unanimously agreed by all Trustees. Th8 Trust is very fortunate in having a strong Board of Trustees who continually strive lo develop and grow their knowledge. The Trust is grateful to each of the Trustees for their commitment and enthusiasm and the work they have done for the Trust throughout the year. The Trustees would like lo express their sinre thanks lo Mr Tony Griffrths for his commitment and support of the Trust during his time as a Trustee and would also like to express their gratitude to the patron of UET, Mr William Wyldbore-smith, for supporting and promoting the work of the UET through his wider charitable work both locally and nationally. 19
The Trust would like to thank all staff and managers for their dedication, Gornmitmenl and hard work and would also like to express thanks to all of the local, regional and national business partners who have provided volunteers, donations, grants, and raised funds for UET. The Trust relies on donations received and the generosity and enthusiasm of our formal and informal partners whose support is invaluable to the work of the charity. ORGANISATIONAL STRUCTURE TrusteeslDirectors govern the charily and set the overall strategy, objectlves and targets. The strategic and operational management ofthe trust is delegated to the CEO who line manages the Senior Management Team within UET. The CEO, Director of Operations and Head of Servi form the UET Senior Management Team (SMTI. The SMT are responsible for strategic and operational leadership of UET and are supporled by the Brunel Academies Trust Central Services Team. The Trust have a SeiCe level agreement in place and a formalised re-charge model between Brunel and Uplands Enterprise Trust to pay for central support seNices, based upon actual staff time and costs. for support seryices provided lo the trust by Brunel employees. ARRANGEMENTS FOR SETTING PAY AND REMUNERATION OF KEY MANAGEMENT PERSONNEL Key personnel's remuneration packages are agreed by Trusteesl CEO through their pay policy, as appointments are made the roles are defined and assessed against the market to identify a salary range and job description. Key personnel are able lo progress within their role providing performance management targets are achieved wilhin the defined benefits of the salary grade. The performance management framework is a cyclical review completed on an annual basis. An independent review of performance is completed each year for the CEO to provide trustee's with additional assurance that targets are being achieved. RELATED PARTIES Brunel Academies Trust (Brunell and its subsidiary company Brunel Education (BE} work closely wtth Uplands Enterprise Trust. The Trust's CEO is a TrusleelCEO of both Brunel and BE with the business functions of the UET being supported by the Brunel's central service function, via a fomial service level agreement. Brunel and BE sludents benefit from the services provided by UET where students access the fami. holiday clubs and retail provisions on a regular basis. Mr Chris Sims is also a Trustee on the Brunel Academies Trust Board of Truste85. UET'S patron, Mr William Wyldbore- Smith, is also a Trustee of both Brunel and BE. RISK MANAGEMENT The Trustees have a duly lo identify and review the risks to which the trust is exposed and to ensure appropriate controls ar8 in place to provide reasonable assurance against fraud and error. The UET Board of Trustees has reviewed the key risks to which Ihe trust is exposed together with the operating, financial and compliance controls that have been implemented to mitigate those risks. The Board of Truslees categorises risks into 4 main categories., Reputation, Operational, Knowledge & People & Financial. The UET Board of Trustees has responsibility for monitoring and evaluating the impacl of risk. The Board of Trustees has implemented formal processes for identifying, evaluating and managing the trust's significant risks. This has been embedded in the activity of the UET Board in the period 1 ¥1 September 2022 10 31° August 2023 up to the date of approval of the annual report and financial statements. The risk management process is regularly reviewed by the Board of Trustees and with Link Trustee, Daniel Boden. 20
Statement of Trustees. responsibilities The Trustees (who are also the directors of Ihe company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordanca with applicable law and United Klngdom Accounting Standards (United Kingdom Gen8rally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102); makejudgements and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards {FRS 102) have been followed. Subject to any tnat8rial departures disclosed and explained in the financial statements; prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequale accounting records that are sufficient to show and explain the charitsble company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditor Each of the persons who are Trustees at Ihe time when this Trustees. report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit infomiation of which the charity's auditor is unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish Ihat the charity's auditor is aware of that information. Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the company directors, on 24.04.2024 and signed on the Board's behalf by: Mrs J Fieldwick, Principal Trustee Date= 2410412024 Mr D Boden. Trustee Dale: 2410412024 21
Inde endent Auditorfs Re U lands Enter ort to the Trustees of rise Trust Oplnlon We have audited the financial stslements of Uplands Enterprise Trust (the 'charitable company'l for the year ended 31 August 2023 which comprise the Statement of Financial Aclivilies, Balance Sheets and Slalemenls of Cash Flows and notes to the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AccoLJnting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and RepublSc of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stale of charitable company's affairs as al 31 August 2023 and of its incoming resources and application of resources, including ils income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS {UK)) and applicable law. Our responsibilities under those standards 8re further described in the Auditovs responsibilities for the audit of the financial statements Sgclion of our report. We are independent of the charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidencg we havg obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees. use of the golng concern basis of acwunting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertalnties relating to events or conditions that. individually or collectively. may cast significant doubt on the charltable company's ability to continue as a going concern for a period of at least bmelve months Irom when the financlal statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other infomiatlon The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other informallon and, except lo the extent otherwise explicttly staled in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other Information is materially inconsistent with the financial statements or our knowledge obtalned in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsislencles or apparent material misstslemenls, we are required to detemiine whether this gives rise lo a material mlsslatement in the financial statements themselves. If. based on the work we have performed. we conclude that the is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of our audil.. the information given in the Trustees. Annual Report, which includes the Dlrectors, Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consislenl with the financial statements., and the Directors, Report included within the Trustees, Annual Report has been prepared in accordance wllh applicable legal requirements. 22
Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the charitsble company and ils erbviionment obtained in the course of the audit. we have not identified material misstatements in the Trustees. Report included within the Trustees. Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo r8POrt to you if, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us,. or the parent charitable company financial statements are not in agreement with the aoUntIng records and returns., or certain disclosures of trustees. remuneration specified by law are not made., or we have not reiVed all the infomiation and explanations we require for our audit.. or the Iruslees were not enlilled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemption in preparing the Trustees. Annual Report and take advantage of the small companieg exemption from the requirement lo prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement sel out on page 21, the trustees {who are also the directors of the charitable company purposes of company lawl are responsible for the preparation of a trustees. annual report and financial statements and for being satisfied that they give 2 true and fair view. and for such internal eontrol as the trustees determine is necessary lo enable the preparatlon of financial slalemenls that are free from material fflisstalemenl. whether due to fraud or error In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to Ilquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Auditorfs responsibilities for the audit of the flnanclal statements Our objectives ale to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl. whether due to fraud or error, and to iSSLJe an auditorfs report that includes our opinion. Reasonable assurance is 8 high level of assurance, bul is not a guarantee that an audit conducted in accordance wlth ISAS IUKI will always detect a material misslalemenl when it exists. Misstatements can arise from fiaud or error and are considered material if. individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregulartlies, including fraud, are instances of nonrycompllance with laws and regulations. We design procedures in line with our responsibilities, outlined above. lo delect material misstatements in respect of irregularities. including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: We have considered.. the nature of the charity and sedor, control envlronment and operating performan¢e.' the charity's own assessment. including assessments made by key management, of the risks that irregularities may occur either as a result of fraud or error.. any matters we identified having reviewed the charity's policies and proeedures relating lo.. Identifying. evaluatlng and complying with laws and regulations and whether they were aware of any instances of non-compliance- detecting and responding to the rlsks of fraud and wh&thgr they have knowledge of any actual, suspected or alleged fraud.. and the internal controls established to rnitigate risks of fraud or non-comF1ance with laws and regulations,. the matters discussed amongst the audit engagement team. 23
As a result of these procedures. we considered the opportunities and incentives that may exist within the org2nisation for fraud and identified the greatest potential for fraud in the areas in which management is required lo exereise significantjudgemenl, such as the disclosure of adjusting items. In common with all audits under ISAS IUKI, we are also required to perfomi specific procedures to respond lo the risk of management override. We also obtained an understsnding of the legal and regulatory framework that the charity operates in. focusing on provisions of those laws and regulations that had a direct effect on the determinatn of material amounts and disclosures in the financial ststements. The key laws and regulations we considered in this context were the Companies Act, Charities Act and tax legislation. Because of the inherent Ilmltatlons of an audit, there Is a risk that we will nol detect all irregularities. induding those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding Irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further descriptlon of our responsibilities for the audll of the financial statements is located on the Financial Reporting Council's website at.. http:Ilwww.frc.org.uklaudilorsrespor¢sibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the chaiitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit Work, for this report, or lor the opinions we have formed. Cbrollne Webster {Senlor Statutory Audltor} for and on behalf of UHY Ross Brooke. Statulory Auditor Suite I Windrush Court Abingdon Buslness Park Abingdon Oxfordshi OX14 1SY Date 0110512024 24
U lands Ente ris• Trust staternerkt of Flnanclal Activitles oratin an Income and Ex enditure Account for the Year Ended 31 Au ust 2023 Incor 2023 Total funds 2022 Total funds Unrestricted funds Restrict8d funds Notes INCOME AND ENOOWMENTS FROM Donations and le9acies 2.088 37.359 39.447 66,686 Charitable a¢tivities Leaming and Lwing support 1,304,174 1,304.174 1,213.171 Other trading activitigs 8,596 8,596 8.622 Total 1,314.858 37,359 1.352,217 1,288.479 EXPENDITURE Charitable aetivities All provisions 1,292,800 13.662 1,306,462 1.161.122 Other Total 1,292,800 13.662 1,306,462 1.161,122 NET INCOMEI{EXPENDITUREI 22,058 23.697 45,755 127,357 Transfèrs between funds other rècognls•d galnslllossosl Acluarial gainslllossesl on defined benefit schemes Net mov•m•nt in fvnds 22,058 23,697 45,755 127.357 RECONCILIATION OF FUNDS Total funds brought forward 365.433 8,760 374,193 246.836 TOTAL FUNDS CARRIED FORWARD 387,491 32,457 419,948 374,193 The r18$ form part of thèse finanaal stalements 25
U lands Ent8r rise Trust istered number: 08011951 Balance Sheet 31Au ust 2Q23 +2023 2022 Notes FIXED ASSETS Tangible assets 13 115.373 111,556 CURRENT ASSETS Debtors Cash at bank and in hand 14 188,873 263,786 128,677 307,981 452,659 436,658 CREDITORS Amounts falllng due within one year 15 1148.0841 1174.0211 CURRENT ASSETS 304.575 262.637 TOTAL ASSETS LESS CURRENT LIABILITIES 419,946 374,193 NET ASSETS 17 419.948 374,193 FUNDS Unrestriclgd lunds Rgstrict8d funds 18 387.491 32.457 365,433 8,760 TOTAL FUNDS 419.948 374,193 Thèse financial statements have been prepared in accordance wilh th8 provisions applicabk to charftable cnmpanies subject to the small companies regime. The financial statements were approved by the Board of Twstees and authorised for issuè on 24th April 2024 and were signed on ils behalf by= J A FieldwKk- Truslea D Boden - Trustee The notes form part ofth&se financial statèments 26
U lands Enter rise Trust Cash Flow Statement for the Year Ended 31 Au U5t 2023 2023 2022 Notes Cash tlows from operating activities CBsh generated from operab.ons 52.011 204,587 Nel cash (used inyprovided by operating activiti8s 52,011 204.587 Cash flows from Investlng actlv5tl•s Purchase of tangible fixed assets Sale of tangible fixed assets 149,0971 167.2191 220 Net cash provided byllused inl investirMJ activities 96,2061 66,9991 Cash flows from fSnanclng actlvliles Loan repayments in year Pension liability transferred Not cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash oquivalent5 at the beginning of the reporting period 21 144,1951 137,588 307,981 170.393 Cash and eash •quivalonts at th• end of the r•porting TiDd 263,786 307.981 The notes fom part of these financial 8lalementg 27
U lands Ente rfse Trust No to th• Flnanclal Statements for the Year Ended 31 Au ust 2023 STATUTORY INFORMATION Uplands Enterpnse Trust i8 a charitsble Company limited by guarantee. without sh8r& capital, incorporated in England and Wales. The registered office address and principal activities can be found in thg Trustees, Report. ACCOUNTING POLICIES General informatlon and basls of preparation The financial statements of the charitable cornpany, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charlties.. Statement of Recornrnanded Practice applicable to charities preparing their account5 in aOrdanCe th the Financial Reports'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeetive 1 January 20191,. Financial Reporting Standard 102'The Financial Reporting S18nttard applicable in th8 UK and Republic of Ir&land' and the Companies Act 2006. The financial statements hav8 been prepared under the historical cost corlvention. Uplands Edueational Trust meets the d9finition of a public benefit enlity under FRS 102. The accounts are presented in Sterfing wNch Is the function81 currèncy of the Trust and rounded to the nearest pound. Going concern The trustees assess whether the use of going concem is appropriate i.e. whèther there are any material uncertainties related lo events or conditions that may cast significant doubl on the ability of the charity to continue as a going concern. The Irusle8s make this assessment in respect of a period of at least one year from the d819 of authorisation lor issue of the financial statements and have conduded thal thè charity has adequate resources to continue in operation818XlStènce for the foreseeable future and there are no material uncertaintiès about its ability to Continue as a 90ing eoncem, thus they ¢onttnue to adopt the going concern basis ol accounting in preparing the financial stslements. Income All incom8 is raeognised in the Statement ol Financial Activities once the charity has enlillemènt to the funds, it is probatAe that the income will be received and the arnounl can be rn8Èsured reliably. Interest Interest on funds held on deposit is included when receivabl8 and the amount can be measured reliably by the charity". this is normally upon rK)tification of the interest paid or payable by the bank. Grants Income from government and other grants are recognised at fair value when Ihg charity has enliuernent 8ftar any performance conditions hav8 beèn mel. it is probabl8 that the income will be Tecewed and the amount can be measured reliably. If enlillem&nt is rtol met then these amounts are deferred. The balance of income rly&d for specific purposes btrt nol expended during the period is shown in the relevant funds on the balance she8t. When enlillemenl occurs before Income is receiv8d. thè irKome is accrued. Donations Donations afe re¢ognisèd on a receivable basis whèr6 Ihere is certainty of receipt and the amount can be reliably measured. Agency arrangements The academy trust acts as an agent in distributing 16-19 bursary funds from ESFA. Payments received from ESFA and subsequent disbursements lo students are exduded from the 5tattrrnent of financial activities as the trust does not have control over the charitable application of the funds. Exponditur• Liabilities are recognised as expenditure as soon as there is a l8gal or constructive obligation committing the charity to that èxpenditure. it is probable that 8 Iransf6r of economic b&nelits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an 8ccru8ls basis and has been classified under headings that aggr8gat8 all cost lated to th8 category. Where costs cannot be directly attributed to parts"cular headings they have been allocated to activities on the basis detailed below. VAT charged to bui not recoverable by thè charity is included under the heading lo which the expendrture relates. Allocatlon and apportionment of costs Support costs have been apportioned to the relevant activities of the charity on the basis of the percentsgo of staff numbers expSSed as full time equivalent employees. 28 ¢onlnued...
U lands Enter rise Trust Notes to the Financial Statements - continued for thè Year Ended 31 Au ust 2023 ACCOUNTING POLICIES- contlnued Redundancy l TermlnatSon payments Temination benèfits are measured at the best estirnale of the expenditure requir to settle the obligation al the reporting date. If the expected settlement dale of the leminalirjn payments is 12 months or rnore after making the provision and the effect would be material, the present vdue of the obligatK)n is calculated using an appropriate discount rate. Tanglble flx8d ass•ts Depreciation is provided at the followng annual rates in order to write off each asset over its eslimaled useful lffe. Property Improvemenis Plant and machinery Fixtures and fittings Moior vehicles Computer equipment 10% on straight line b8515 10% on straight lin8 b8SIS 20'A- 33% 5tr8ight line basis 20% on slr8ight line basis 33% on straight lin8 basis Assets costing £1CX) or more ar8 capitalised as tangle flxed assets and are carried al wst. n8t of deprèciation and any provision for impairment. Depr8ciation is charged from the month of ar4uisition to the month of disposal. Taxation The charity is exempt from corporatK)ll t8x on its charitable activits'es. Fund accounting Unrestricted lunds can be used in accordancE with the charitable Objecti 81 the discretlon of the trustees. Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Restsiction8 arise when specified by the donor or when funds are raised foT particular rèstrictad purposes. Furtherexplanation ol the naiure and purpose of each fund is included In the notes to the financi81 statements. Hire purchase and leasing commitrnents Rentals paid under operating leases ar8 chargad to the Staiemenl of Financial Activities on a straight line ba515 QV8r the p8riod of the lease. DefJn•d eontribution sehemè The assets of the scheme hre hèld separately from those of the charity in an ind8p&ndently administered fvnd, NEST. Tha costs of thè dèfinad contribution arrangements ale charged as incurred. Donated goods Where material, donated goods and services are recognised 08 income when the charity has control overlhe itern. any conditions associated with the donated item hav8 b8en m8t, th6 receipt of economic benefit from the use by the charity ol the item is probable and that economic benefit can be measured reliably. On receipt, where material. donated goods and service5 are re¢ogni88d on thè basis of the value of the gift to the ch8rty which is thè amount the charity would have been willing to pay to obtain 58rvices orfacililies of equivalent economic benefit on the open rnarkel. a corresponding arnounl is then recognised in expenditure in the period of reipt. In accordance wf(h the Charitie5 SORP {FRS 1021. the general volunteer lim8 IS not recognised an¢J refer to the Irustee$' annual report for more information aboLtt their contribution. The charity receives donated goods for resale. Eslimaling the fair v81ue of thèsè goods is impractical because of the volume of low-value items received and the absence of det8il8d stock control systems and records. As such the donated goods for resale are not recognised on receipt. Instead, the value to Ihe charity of the donated goods sold is COgnised as income when sold. Debtors Trade and other debtors are rocognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amjnI prepaid net of any tradè discounts due. 29 eontinued..
U lands Ente rise Trust Notes to the Financial Statements . continued for the Year Endèd 31 Au ust 2023 ACCOUNTING POLICIES - contlnued C4Jh at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a Short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditor5 and provisions CTedittsrs Bnd provlsions are recognised where thè charity has a present obligation resulting from a past event that 11 probably result In the transfer ol IL¢nd5 to a third party and the arnount due to settle the obligation can be measured or e5titn8ted reliably. CiediloTS and provisions are normally T8C¢gnised at their settlement amount after allowing for any trada dlscounts due. Finaneial InstnJm•nts Th8 charity only has financial assets and ffinancial liabilities of a kind thèt qualify as basic financi81 Instruments. Basic finttnelal instruments are initially r8cognised at transaction valuè and subsequenuy measured at their S8tUèmant valuè with the exception ol bank loans which are subsequently measured al amorlised cost using the effective interest method. Critical accounting estlmates and area5 of judgement Estimates and judgements are continually evaluated and are based on historical exp8ri8nce arKJ other factors, including expedations of future events that are believed to be r8asonable under the c4rcumstances. Crltlcal accountin None estimate5 and assum tions Critical areas ol'ud emenl There are no critical areas oljudgèment. DONATIONS AND LEGACIES 2023 2022 Donafjon$ Grants 2,088 37.359 10,868 55,818 39,447 66,686 Grants rècaivad. included in the above, are as folkjws". 2023 2022 Swndon Borough CounThl- Infection Contrc4 Social Fams & Gardens St James Place- Sensory Rotary Club Wiltshire ConNnunily Fund D'oyly Carte Sponsor a Stsr B&Q Ch8rities Trust Festival of Highworth The D'oyly Carte Charitabl8 Tiust The Open Foundation NatKJnal Lottèry st Margar8t Parish Council 28,818 750 6,083 1.400 5.000 4.000 850 5.000 10.000 2,046 834 3,000 14,396 10,0(X) 1.000 37,359 55,818 30 continued...
U lands Ente ri$e Trust Notes to the Flnancial Statements - co for the Year Ended 31 Au ust 2023 nu•d OTHER TRADING ACTIVITIES 2023 2022 Fundraising events- Swindon Rotary aub and candle salgs OtheT Income 8.596 3,866 4.756 8,596 8,622 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Course fees and placements Commissioned Sessions Shop income Holidaylsaturday club income Enterprise incor other 1,196,698 96,130 1,219 971.414 233.427 1.991 9,305 822 5,511 828 1304,174 1,213,171 CHARITABLE ACTIVITIES COSTS Dlrect Costs Ise6 note Y) Support costs (see note 81 Totsls All provisions 1.141.016 165.446 1.306.462 DIRECT COSTS OF CHARITABLE ACTlVtTIES 2023 2022 staff costs Buildlng rènt Rates and wat6r Insurance Light and heat Telephone Fire and security Repairs, renewals and cleaniro Motor and travel Postage & stationary PPE SupleS IT Support Training Enterprise costs SubscThptions staff Welfare Donations Paid Marketing Professional faas Sundry costs Bad Debts Waste disposal DepatIOn and loss on disposal 83T.514 59,955 2,446 9.412 29,673 5.213 9,318 59,145 18,711 4,876 3,744 10,231 10.695 12,953 403 6,653 771.597 60.792 822 7,713 17.491 7,010 4,858 55,692 15,235 7,408 9,822 3,379 4.020 9,631 372 3.385 325 175 2,122 9,390 1,560 6,487 40,515 8.587 495 4,365 25,889 1.141.016 1,019.063 31 ntinue(l...
U land5 Enter rise Trust Notes to the Financial Statements - ¢ontinued for the Year Ended 31 Au ust 2023 SUPPORT COSTS HR& Govemancg costs Finanee Totals Living and worknng 82.897 82.549 165,446 Support costs. induded in the abov8. are as follow& 2023 2022 Insurance Telephone Bank charges Business support Sundries Auditors, remuneration Recruitrnent Bookkeeping Legal and professional Accountancy and Independent èxamination 491 132,986 114,669 7,200 134 17.136 4,999 2,500 6.500 1,088 16.822 165.446 142.059 Carried forward NET INCOMEIIEXPENDITUREI Net Sncomellexpenditurel is stated aft8r Chargin{CredItIng)'. 2023 2022 Depreciation- owned assets Other operating leases Accountancy and Audit fees 30,595 59,955 9.700 25,889 60,792 9,000 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustèes, remuneration or other benèfits for the year eThJed 31 August 2023 nor for the yaar anded 31 Augu$t 2022. Trustè•s' •xp•ns•s The were no trustees, expenses paid for the year ended 31 August 2023 norfor the year endèd 31 August 2022. 32 continu6d..
U lands Ente ris• Trust Notes to the Financial Statements . continued for the Year Ended 31 Au ust 2023 11. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 791,268 34,801 11.445 727,948 33,424 10,225 837.514 771,597 The avera9e monthly number of employees during the year was as follows- 2023 2022 54 51 No employees received emoluments in excess of£60.000. Key management personnel The key manag8ment personnel of the charity comprise the trustees arKI the senioi management learn. The total amount of èmployee bènafits (including emayer pension contributions) received by key management personnel for their servic8S to the charity was £52,33512022'. £57,316). The total èmployee benefits include costs of direct employment and cts5ts of employee benefiis recharged to the charity. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uniestricted funds Reslricled lund$ Total funds INCOME AND ENDOWMENTS FROM Don8tions and legacies 10,868 55.818 66,686 Charitable activities All provision5 1.221,793 1,221,793 Total 1,232,661 55,818 1.288,479 EXPENDITURE ON Charltable aetlvlties All provisions 1.105,858 55.264 1,161.122 Total 1.105,858 55.264 1,161.122 33 contlnued...
U lands Enter rise Trust Notes to the Financial Statements . continued for the Ytar Ended 31 Au U5t 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds Reslricled funds Total fundg NET INCOME 126,803 554 127,357 Transf•rs b•tw•an funds other reco9nised gainsll105sesl Aduarial gainslllossèsl on dèfined benefit schemes Net movement in funds 126.803 554 127.357 RECONCILIATION OF FUNDS Total funds brought forward 238,630 8.206 246.836 TOTAL FUNDS CARRIED FORWARD 365,433 8.760 374,193 13. TANGIBLE FIXED AssErs Fixtures and fittings Short leasehold Plant and machinwy COST Al 1 September 2022 Additions Disposals 79,070 26.399 10.4761 18,224 5,294 63,080 4.095 At 31 August 2023 94.993 67,175 DEPRECIATION At 1 September 2022 Charge for year Eliminated on disposal 35.856 8,475 16,998 1,278 22,642 11,079 At 31 August 2023 43.545 18,276 33,721 NET BOOK VALUE At 31 Au9U5t 2023 51,448 5,242 33,454 At 31 August 2022 43,214 1.226 40.438 continuad...
U lands Ertto rlse Trusl Not¢$ to t 8 Financlal Statements ¢ontinu8d for the Year Ended 31 Au ust 2023 13. TANGIBLE FIXED ASSETS . ¢ontinu8d Motor v8hicbs Computer equipment Totals COST At 1 September 2022 Additions Disposals 28.645 7,094 8.1291 12,522 6.215 201,541 49,097 18,9241 At 31 August 2023 27,610 18.418 231.714 DEPRECIATION At 1 September 2022 Charge for year Eliminated on disposal 7,192 6,106 7.297 3.658 89,985 30,596 4,2401 At 31 August 2023 10.002 10.798 116.341 NET BOOK VALUE Al 31 August 2023 17,608 115.373 At 31 August 2022 21,453 5,225 111.556 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Olh8r d8btors Accnjed income Pr8P8ym8nts 159,952 3.458 1,378 24,085 67,857 3,321 43,667 13.832 188,873 128,677 15. CREDtTORS.' AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 62.263 11.640 3,538 70.643 24.649 9,079 6.599 133,694 148,084 174,021 16. LEASING AGREEMENTS Minimum Jease payments under non-cancellaNe operating leases fall due as follows.. 2023 2022 Within one year Between one and ffive years In more than five years 38,653 8,167 38,503 15,167 46,820 53.670 35 continued...
U lands Enter rise Trust Notes to the Financial Statements- continued for the Year Ended 31 Au ust 2023 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Totsl funds 2022 Total funds Unrestricted funds Restricted funds Flxed Bss6ts Curr8nt assets Current liabilities 115.373 420,202 148,0841 115.373 452,659 148,0841 111,556 436,658 174,0211 32,457 387,491 32.457 419,948 374.193 18. MOVEMENT IN FUNDS Nel movement in funds Transfers belw88n funds At 1.9.22 31.8.23 UnrÈstrlcted funds Gen8ral fund 365.433 22,058 387.491 Restricted funds Commurhity Entarpri58 Cantra Farm tools Ski115 for Work rèfit Sensory room Social Farms & Gardens Sponsor-a-star Chanties Trust Openwork Stratton Sl Margaret National Lottery Doyle St James wilh1r8 Cornrnunity Fund Highworth Festiv 822 375 3,056 2,925 693 850 39 822 375 3,056 2,925 693 850 39 6.796 1.000 10.000 3.000 1.911 928 62 6,796 1.000 10.000 3,000 1,911 928 62 8,760 23,697 32,457 TOTAL FUNDS 374,193 45,755 419.948 Net rnovement in funds, included in the abov& are as fdlows.. IncomiryJ resources Resourc8S exp8nded Movement in funds Unrestricted fvnds General fund 1.314,858 {1,292,8001 22,058 Restricted funds Opènwork stratton St Margaret National Lottery Doyle St James Wiltsh1 Community Highworth Festival 14.396 1,000 10,000 3,000 6,083 2,047 834 17.6001 6,796 1,000 10,000 3,000 1,911 928 62 14,1721 11.1191 1772) TOTAL FUNDS 1,352,218 {1,306,463 45,755 Restricted funds receive(J from National Lottery are to be used on fflooring as Stratton Road. Openwork funds are lo be u56d on the Sensory room at Stratton Road. Doyle funds are to be spent on a sound beam. 36 continued...
U lands Ente rise Trust Notès to the Financial Staternents - contlnued for the Year Ended 31 Au ust 2023 18. MOVEMENT IN FUNDS- continued Comparatlvas for mov•m•nt In funds Net movement in funds Transfers between funds Al 31,8.22 At 1.9.21 Unrestrfcted funds Gener81 fund 238.630 126803 365.433 Restricted funds Community Enterprisa Cantrè Farrn tools Skllls for Work reffit Sensory rijom Sensory Grant Social Famis & Garder Wiltshire Cornmunity Fund Sponsor-a-slar B&Q Grant Charities Trust 822 375 3,056 2,925 1.028 822 375 3,056 2,925 11,0281 693 693 850 850 39 39 8,206 554 8.760 TOTAL FUNDS 246,836 127.357 374,193 Net rnovernent in funds. included in the above are as follows= Incoming reSou9S Resources expended Movement in fund$ Unrestrlcted funds General fund 1,213.171 11.105.858} 126,803 Restrlcted funds Sensory Grant Social Farms & Garden8 Willshire Community Fund Sponsor-a-stsr B&Q Grant Charities Trust 11,028} 157} 15.000} 11.0281 693 750 5,000 850 5,000 10.000 850 15.000} 19.9611 39 TOTAL FUNDS 1,254,261 {1.126.9041 127.357 19. RELATED PARTY DISCLOSURES The following transactions took place beiw8en th& oharity and Brunel A¢8dgmi8s Trust (Brunell. The trustee. Mr5 J Fieldwick, is CEO and trusiee of Brunel Acadamies Trust. £82.549 was charged frcffl BAT to UET for tim& spent by Mrs J FldwIck on assisting the charity. The Trustee, Mrs J Fieldwck, has rentad out o lami building for usg by thè UET for sludenl education. UET pays a peppercorn rent of £1 per annum. The son of Trustees. D and S Dinsgy is ampkiyed by UET and 88m8d £2.931 for ihe year. 37 continued..
U lands Enter rise Trust Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2023 20. RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Cash flows from operating activities.. Nel movement in fundslnet incomel (net expenditure) 45.755 127.357 Add back depreciath?n Add back loss on disposal ol fixed asset 30,595 9,920 25.888 2.932 Adjustments for: Ilncrea$eydecrease in debtors Increaselldecreasel in credrtors 160.1961 25.937 115,8511 64,261 Net cash generated fromllused inl operations 52,011 21. ANALYSIS OF CHANGES IN NET FUNDS At 1.9.22 Cash fflow Al 31.8.23 Net cash Cash at bank Cash in hand 307,981 144,1951 263,766 307,981 144,1951 263.786 38 continued...