Registered number.. 08011951 Charity number.. 1148086 /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 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Trustees. report 2-18 Independent auditors. report on the financial statements 19-22 Statement of finan¢lal a¢tlvltles 23 Balance shegt 24 statement of cash flows 25 Ntstes to the flnanclal statements 26-40 UPLANDS ENTERPRISE TRUST IA company limited by guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees M L Cartel, Secretary D A Dinsey, Trustee S J Dinsey, Trustee J A FieldwiGk. Trustee P Hèlme, Trustee lappoinled 15 August 20241 C D Sims, Trustee J Smith, Trustee A J Ston8, Trustee D R Boden, Trustee (resigned 19 September 20241 Company reglslered number 08011951 Charity registered number 1148086 Registered office Stratton Road Swindon SN12PN Company secretary M L Carter Chief exe¢utivè officar J Fieldwick Independent auditors Regulatory Audit Chartered Accounlanls & Statutory Auditors Vicarage Court 160 Ermin Street Swindon Willshire SN3 4NE Solicitors Stone King LLP Boundary House 91 Charterhouse Street LDndon EC1M6HR Page 1 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The TrLJslees, who are also directors of the charity for the purposes of the Companies Act 2006. present their annual rèport together with the audited financial slalemenls of the Uplands Enterprise Trust for Ihe year ended 31 August 2024. The Iruslees have adopted the provisions of the AccoLJnling and Reporting by Charities". Slalemenl of Recommended Practice applicable to Gharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102lleffeclive January 20191. Since the Company qualifies as small under section 382 01 the Companies Act 2006, the Strategic report required of medium and largè companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Introductitsn - The UET Jotsrney Where UET Began Uplands Enterprise Trust IUETI is a Swindon based charity that helps young people with additional needs to help thèmsèlvés. UET is12d by a knowledgeable Board of voluntary Trustees and run by enthusiastic, skilled, and creative staff. The Trust is an innovative charity which is CDnstantly developing, expanding and actively working lo improve the outcomes of young people 8nd adults IYP&AI with additional needs, within Swindon and the surrounding areas. This unique charitable trust was set up in 2012 in response lo the need for m&aningfLJI opportunities lor young people with additional needs once their formal edLJcalion ended. At that lime, the reality for these young peDple when they left education would have been that they embarked on a life ol leisure lor the remainder ol their adult lives. The aarly retirement option was not welcomed by the young people or their families who had worked extremely hard in partnership with their child's school lo prepare them for a purposeful life contributing lo their local community. UET was created to ensure that this aspiration, to be valued by and contribute to the local community, was realised for these young people, r￿ardlesS of the b2rriers caused by their additional needs, as there were very few post edu¢8tion opportuniti@s available to them in the local area. UET is now a thriving charity supportirig over a 100 young people to lead active, fulfilled lives, enabling them lo contribLJte to their local communit "lltJt4kAOIO Wiltshire iJDr4RADIO Wiltshire @RADIO Wiltshire aiJt4RADIO Wiltshire t4RAOIO 14Bf4R Wiltshlre lJlJlaRADIO Wiltshire IJL4PADIO Wiltshire IIRADIO I Wiltshire tTt4RADIO Wiltshire Itshire vjiltsh Page 2 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 OUR JOURNEY UET TIMELINE START4NIoyQta411Ky vol￿nt￿rIng proJoct• BESPOKE UET Tur¢h•r 119 •klll* orr￿1 wli tl)• cieo¢lon ol o proyTort IJY prpyldlry •rtvlrar*rrh•Thl rar ns lrtrts tsÈ. UÈT BE tho roqulr•n illhJ UET t*): pfln11￿ or•ts•. YPIA rnor• •rltorp¢l•• It•rn• than gvow." p*oclu¢•a ¢0 o V•ry high ruvth•f to Duppoffl •JET-¢ 9rowih ¢Jn Ex?loilng opportunlll•• loff VET In Eh• UET'A w<)￿rtY FK>rtlallo to Page 4 UPLANDS ENTERPRISE TRUST {A company Ilmlted by gUarnnI￿1 TRUSTEES, REPORT ICONTINUEDI FOR THE Y&4R ENDED 31 AUGUST 2024 Oblèctlves and activities . Objects and Alms The objects of the charity are= 1. To advance for thè public benefit education in the United Kingdom. in particular but wf(hout prejudice lo the generalty of thè foregoing by developing, managing and providing, either d1￿cl1Y or through third parbos, education and training lo pupils at Uplands School in Swindon lor any successor School to it)., 2. Promoting for the benefit of the inhabitonls of Swindon and the surrounding ar8a the provision ol facilities for recreation or other leisure time occupation of individuals who have need of such facilities by rea50n of their youth, age. inlirmily or di5ablemenl, financial hardship. or social and economic circumstsnce or lor the public at large in the interests ol soci81 welfare Bnd with the object of improving the condition of lrfe of the said inhabitsnls.. and 3. To advance health and reliève disabiltty by ImprovirvJ the morale. confidenco. w811-beiThJ, skills, and abilit18$ of Ihosg deemed vulnerable. b. ObSectlves. Strateyles and Activities The UET Vlslon & Mls$lon Our Sharetl Vlsion Hèlping those with additional needs lo help Ih8ms8lves. Our Misslon To be a unique. high-quality organisalion that builds sell-belief, confidencg. and skills lo support those living wth additional needs lo feel valued and included within Iheif community. Our Mission Objectives Excèptional Servicès Exceptional Pèople Exceptional Practice Our Vglues The Vision and Mission are underpinned by the shared core values: Aspiration Inlegrity InclusKJn Our Principles Our principles aro shaped by our vision. misslon & values. Exceptional sgrvices where everyone can realise their potential. Commitment lo the Safeguarding of all YP8A is a key focus of all in the Trust. Innovalive opportunities prornole well-being and improve the life opportunities ol YP&A Su5tsin8ble business model delwered through fully cornplAnl practice. High slandafds of Governance & Leadership. with financi81 security and effective management supported by efficient services. must be embedded in all areas lo enable excellent outcomes. High qLJality professiona1 development is valued. Effective and Collaborative partnarships are promoted with all stakeholders lo develop exceptional additional needs services and provision. Page 5 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ObSgctives and •¢tivKtlès Icontinuedl Ml$slon Oblectlves Exceptional Services All our young people and vulnerablg adults have exceptional opportunities through high qualty services and provisions that enable them lo develop the ski115 and attributes lo 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 8bsDlule integrity, are forward thinking, hardworking, ski1Slul practitioners determined to enable young people 8nd vulnerable adults with additlonal needs to reach their full polenli81. Exceptional Practice Bèst practice is embedded to ensure sustainable provisions that are incluswe. aspirallonal, vibrant, safe, compliant. financHlly healthy, Well-￿sOurC&d and led by an exceptional team. The UET Mission Objectives IMO) are mel through clearly defined Strategic Objeclives ISO). Progress tovrards achieving the MO SOS wll be measured by a range ol Key Performance Indicators IKPII. The KPIs ensure progress can be described both quanlifiably and qualitatively iowards 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 monitoring ol progress is robustly embedded supportèd by rigorous controls and mod8ration. The Sos are Tevigwed annually based on the oulcom8S DI thg KPIS for sach year and the UET Strategic Plan is a dynamic 3 Year rolling program of intent, implemenlallon, and impact that quality assures outcomes across UET. SOS and KPIS are monitored regulady through the y&ar by both Trustees and tho Senior Management Team ISMTI through the more detsiled Development Plans associated with each MO and SO. The overall success of each SO and a5s0ci8led KPIS will be RAG rated in July ol each a￿deMiC year and the impact of the KPIS outcomes measured. This RAG raled review w711 then inform any amendments for subsequent SO andlor KPIS foT the next academie year. The Strategic Lead for Ihe MOS has direcl accountabilty for ensuring outcomes and impact. A delegated lead 15 identified for each SO and associated KPIS lo 8nsur8 actions are achieved in the agreed tsme scale and identify inlervenlions rf required. Progress towards the MOS and SOS will be monitored regularly by the Strategic and Delegated Lead and will be ported lo the UET Board through formal reports and SMT up-dates. Page 6 UPLANDS ENTERPRISE TRUST {A compgny limited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Ob5ectlva5 and a¢tlvities Icontinuedl Key Strateglc Objective OVerV￿W 202312024 Misslon ObJ'8ctwe l- Excepbonal ServKes.' S01. To provide an exceplionalty high-quality service offer iailored to individual needs. goals. and oulcomes. achieving this through an engaging. stimulating, and inclusive environment. S02.- To embed a strong focus on Safeguarding and YPIA Wellbging as a key priority. MiSs￿n Objective 2- Exceptional People.. S03.. To recruit the best people. invest in our staff training, r&cognise, and reword our staff to promote commitment and longèvity of service. S04.. To embed the importance of staff wellbeing ensuring they feel supported. listened lo. and have thè tools and resources they need. Mission Objgcbve 3- ExGepbonal Practice.. S05: To embed a qualty assurance framework in line wih the Care Qu81ty CommissK>ns 5 Key Question5 S06-. To delwer Governance that is gff8clive, supportNe, ar￿ challenging to ensure accountability. Mission objec￿Ve 1 Exceptional Servic05 Tabl& 1. Exce lional Services Slrale ic Ob'ecllve S01". To provide an exceptionally high-quality $eNlce offer tailored lo individual needs, goals. and outcomes, achieving this through an engaging, slimulaling, and inclusive environment. S02: To embed a strong focu5 on Safeguarding and YPIA Vvellbein asake KPI No. End of Year RAG Comm8nts 3 Achieved 3 Achiev8d Mission Objective 2 Exceptional People Table 2. Exce lional Peo le Slrale eclive S03.. To recruit the best people, invest in our staff training, recognise, and reward our staff lo promote commitment and lon evi of service. S04.. To embed the importance of staff wellbeing, ensuring they feel supported, lislened lo, and hove the tools and resources the need KPI No. End ol Year RAG Comrnents 4 Achieved 2 Achieved & 1 Partlally Achieved MisS￿n Objoctivè 3 Exceptional Practice Table 3. Ex¢8 lional Pracb"¢e Strale ic Ob'8clive S05.. To embed a quality assurance framework in line with the Care Quali Commissions 5 Ke Questions S06.. To deliver Governance that is effective, supportive and ¢ha11en lo &nsur8 accDuntabili KPI No. End of Y8ar RAG Comments 2 Achieved & 1 Partially Achieved 2 Achieved & 1 Partially Achieved Pago 7 UPLANDS ENTERPRISE TRUST IA company Ilmltèd by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Objactives and 8¢tivlllès Icontlnuedl Summary Graph 5.. MISSION OBJECTIVES OVERVIEW soi- a KPI'S S02- 3KPI'S SO3-4 KPI'S S04- 3 KPI'S SOS- J KPI'S S06- 3 KPIS The graph above summaries UET'S performance in relation io the Key Perform8nce Indicators outlined in our strategic plan for 202312024. As you can see, we have aehievèd an overall success fal8 of 84Vo for these KPI'S. which is a positive outcom8. YPIA GROWTH LINE 120 100 80 fjo 40 20 gro￿ chart above shows Ih81 UET consbstenlly increased its YPIA numb¢rs year after yeaf. With the most sy￿esSIu1 growth (Kcurring between 2022 and 2024. Page 8 UPLANDS ENTERPRISE TRUST IA company limited by guaranteè) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Obl•ctlves and activities {¢ontlnu•d) ¢. Actlvlty Over41ew 23124 Skllls for Ever (The Skills Offer for posléducalion YP&A 18 years + with 3 Cohorts) Plactsments across our two key service areas within UET are continuing lo increase with further growth expected in 202412025 This growth has required robust strategic planning Ljnderpinned by a clearly defined growth & resource plan, and this level DI growth is expected into the next academic year 202412025. In our Ski15s for Ever service we have seen an addilion0129 YP allending, we are now supporting 114 YP across our 3 siles. Sklll$ for Ever IYP&AI Skills for Ever is deliverèd Ihrough three dislincl cohorts of prowsion.. Skills for Life, Skills for Work and Bespoke. Each programme has a specialist offer that is lailor8d to meet the needs of their cohort through experienced and trained stsff. Skllls for Lrfe offers structured sessions Ih81 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. Skllls lor Llfe wlll.. Enable ¢ommunlcation. We recogniso Ihal communic81ion is imperative lor our YP&A, and that there is more lo communication than just verbal language. We encourage the use of communication aids that are provided within Skills for Life. Promote choice. Our trained staff us& technology as an aid lo enable our YP&A lo Independently make decision5. Choice is encDuraged in every possible instanc& at Skills for Life. Support health and w&llbelng. We offer a variety of sessions Ihal creat8 new gxpgriences for our YP&A. Our trained staff provide personal care and physical hèalth support, ensuring care provid8d is dignified and safe. Creat& a sense of belonging. Our slruclured sessions enable our YP&A lo participale within group sessions, creating a sense of corTTrmunity. We encourage interaction beh¥een our YP8A, buildin9 upon their soci81 interaction and relationships. Skllls lor Wort offers a work-f(*tJsed package, to provide work experience opportunities to enable people to slep into volunieering. selfemployed or employed work with or without support. W8 aim lo build the confidence ond knowledge of our YP&A whilst also instilling professional valu8S. Skllls for Work provide work expgrlonc• In.. Hospltality. Our YP&A provide hol lunches for staff 4 days a week, they ¢051 the ingredients. and are supported lo purchase and prepare the meals. Farm. SDUth Leigh offers the YP&A the chance lo engage and interact with livesto¢k and learn life skills in health and safety, environmental ¢are, life process&s and horticulture. Being lully inclusive, the farm enables all our YP&A lo interact with peers and slBff while taking part in practic81, hands-on experience regardless of their Enterprlse. UET Enterpris8 provide a t-shirt and mug printing service. The YP&A have access to and op&rale the machinery used. We also pickle eggs 8nd Dnions lo sell and make candles and wax melts. Admln. Skills for Work hav& an office environment where our YP&A compl8te admin iasks. We also have an online shop. where our YP&A sort through stock, lake photos and upload Ttems of clothinglhomevrdre ttems online. Carg Work. All al Skills for Work have the opportunty to cornplete care work within UET. Bespok• launched in sumrner 2019 to deliver tailored made packages. supportng YP&A with higher support requirements. and inib"8lly started wilh 3 YP&A. which very quickly became five. Due lo Ihg nature of the YP&A we supported we were mainly based off site, inili8lly SUPPDrting the charity shops with our logistic learn. BespDke then moved into thè CEC building in Seplemb8r 2020 which enabled further development of the well-being offer that was required in COVID. This included the devèlopment of well-being sessions, addressing things like anxiety and IDW mood through Yoga sessions specifically capturing our YP&A with ASO. We also support our YP&A to access Lift counselling services lo address mental h88lth issues. AII YP&A are 5UPPOrted at a 1-.1 or above rallo. Packages lo include hands on leaming, lo produce enterprise. embedding functional skills, whilst gaining essential employability skills. Page 9 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Objectives and actNItI?s Icontinu•d) Our offer includès.. Essential living skills. with aclivili&s, like shopping. cooking, and cleaning. Social and community skills, a¢c9ssing café's pubs and restauran15. Wo 9150 SUPPOrt our local community wllh regular litter picking sessions. Tailor made sensory sessions, ulilising our recently purchase OMI table. Community links, SLJ¢h as Oak arid Furrows, Bnd The Big Yellow Bus project. Enterprise activity such as woodwork, lexliles. catering. horticulture, business studies within an enterprise. loglslics, Health & Safety awareness, recycling, and Cufrent world trends. Farm UET Farm offers an inclusive. Iherapgulic. and educatsonal space for Yourvj People & Adults IYPIAI with additional needs and complex needs. We encourage and supporb a variety of outdoor learning and naiure- based aclNrties around the Farm. All sessions are bespoke and intedinked to YPIA appreciating the valuable part they play in canng for the environment and each other, leaming Iran5ferablg lrfe and social skills and conlribute to a positive sense of well-being, since September 2023 the Farm is now only accessed by YPIA from UET, our staff support our YPIA with.. Caring for the animals - chickens, ducks & a pony Growing in the organic gardèn CoDking with homegrown produce in the cabin Wildlif8 watching in our pond area Equine Th&rapy Each provision within UET ha5 made good pro9ress in year 23124 below provides an overview of sorne of the achievements in ea¢h provision. Sklll$ for Llfe Skills for Work •nd B8s oke- Skllls For Ev•r. Skills for Lrfe, Skills for Work. and Bespoke have made 5ignific8nl progress by introducing now C£Jmpliance and qualty assurance frameworks aligned with the Care Quality Commission ICQCI, led by the Head of Service. These measures ensure that our seNces arg safe and adhere to best practice5. In 2023. UET laid the groundwork for ulilising digital plarforms th81 complement our existing SharePoinl system lor managing information. This transition has made il easier lor staff and leadership teams to track progress, document concerns, identify triggers, and prevent complacency in Dur knowledge and care. Skills lor Lif&, Skills for Work, and 8espoke can now monitor the compliance DI young people and adults IYPAI and Clearly obseNe the progress ol support plans, Individual Skill Plans (ISPS). and ouloomès for each young adult. We can upload activity observations dir&¢tly to th8 system lo track how these outcomes ar8 achieved over Ilme. One ol our key focuses has been on providing meaningful opportunities by conlinulng our gnlerprise initiatives and production, as well as delivering more work experience opportunities than ever before. We havè also expanded our comtnunity network, which ha5 improved both community access experiences and increased the number of our supporters. As a team. we have worked diligently to raise funds for a minibus to implement a UET community inlegr81ion Pfogram. We are more than halfway to our goal and will continue our efforts_ This year has been particulady posilive for cross-provision collabor8bon. We have seen young peopleladults and stsff activèly engage with each provision to offer broader social interactions, facililatg cros5-leaming. and promote collaborative working. Page 10 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Objectives and activitiès {continuèdl d. Publlc Benerrt The Truste8s have paid due regard lo the Charity Commission's guidance on public bgnefil in deciding what 9clivilies the charity should undertake. The Trustees consider that they have acted In th8 public benefit. •. Dellvory Effectiv& leadership For UET to continue lo be a uniqu8 organisallon. providing meaningful opportunities for young people with additional needs and delver our key slralegic objectives. we recognise that we have lo.. Have a fDrward-thinking effectNe leadorship team, driven by a f(Kused trustee Board and an adaptable team that have a passion for the work ol the Ifust. Develop an efficient SMT and admin support team io enable the provisions lo delwei with the tools. inlormalion and knowlethJe they require. Contsnuousty quality control Ihe UET offer by quality assurance and stskeholder feedback. Ensure that our growth is clear, p18nned and agreed whilst maintaining the quality offer of Ihe UET. UET is led by a kri0￿edgeab1e Board of voluntary Tnjstees and run by enthusiastic. skilled, and creative staff, and is a registered charity which opgral8s for its charitable purposes for the public benefit. The Trustees ￿pOrt ID the Charity Commission each year on how it has carrièd OLJt its charitable purposa lor the public benefit in lin8 with the Charity Commission's public b&n81il guidance where relevant. UET Trustees onsure that they are aware of the guidance and take it into account when making decisions lo which the guidance Is rolevanl. All Tnjstees uphold tho Nolan Princip18s of Public Life. 21 31 The UET Trustees, who are also directors ol the charity for the purposes of the Companies Act 2006, have overall responsibility and Ljltimate decision-making aulhorty for all the work of UET in line with Charity Commission guidelines. The Trustees adopt the provisions of the Accounting and Repo￿.n9 by Charities.. Slalemenl of Recornmended Pr8Ctice ISORPI applicable lo charities when preparing their accounts in accord8nce with the Financial Reporting Standard 8ppli¢able in the UK and Republic ol Ireland IFRS 1021 18ffective January 20151. The VET Board of Trustees is mado 01 individuals who are appointed because ol the skills Ihal they bring to the governance of UET. The Trustees have a range ol skills and qualities, and a varigty of professional and personal experience. Skills Audits are carried out annually lo ensuie that UET has a diverse Board where Trustees have difforenl experiences and perspeclNes which ensures that the Board makes well-roundgd decisitsns. Any gaps in the overall ski115 identified from the Skills Audit informs the recruilmenl reqLJiremenls of the Board to continually ensure that the Board has the expertis¢ lo.. 8x8rcise overall Control ol UET'S current business operations manage the charity's resourcès responsibly sel the strategy and oversee ils implgmenlalion ènsure that the needs of the UET'S ben9ficiaries are put first keep the charity trug to its purpose The fundamental principles and rules of governanee are determined within- The Articles ol AssociatÉon Associated guidan￿ documents. policies and job descriptions Compliance with the regulations18id out in the Charitiès SORP The Charity Commission's public benefit guidance The UET Board aims lo manage by exception and invest in area5 of risk. 11 oversees operational standards. compliance, financial probity and 5aleguarding. 11 is responsible for overseeing the work of th& Chief Executive Officgr ICEOI and a51 stsff in delivering UET'S vision, in line with the UET Strategic Plan. Page11 UPLANDS ENTERPRISE TRUST IA company limlted by guarante&l TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ObJectlves and activities l¢ontlnugd} Llnk Twslees work closely with staff in each of the UET Provi%w)n areas provmding support and challeroe lo ensure Ihal UET'S provisions are safe, sècure, are of high-qualty and ensure the ￿st outcomes for all young people. The UET Board ensure effeclNe engagement wth parents and carers, community and slakeholdeTS through local knowledge. They oversee Ihe implemenlalion of the UET Provision Oevelopment Plans, ensuring alignment wth UET'S vision and Strategic Plan. UET is led by the Chief Executive Officer ICEOI who leads the UET Senior Management Team ISMTI consisting ol Ihg Director of Operalions and Head of Service. Qu8111y Assurenc8 UET rgcognises that external audits provlde o valuable opwrtunty to view Systems and processes through the eyes of gxpgrts in their field. Safeguaiding is supported through an annual review with Ihe safeguarding leam (including Ihe linked Irusteèl to ensuro all understsnding and process follows legislation and all team training including the inductlDn. is up to d81e. A GDPR external audit is carried out 8nnu81ty and SMT carry out random GDPR audits throughout the ￿ar on team devices. H&S audits are carried out monthly in-house and annually externally. Finance month end revlews and chocks are carried out by a Chartered Accountant and final year end accounts arg fully audited externally. Planning for th8 Future UET re¢ogni5es ils unique role in providing post education support to the young people il works with. With increasing demand for the servI￿s. il is essential that we ensure that expansion does not compromise the quality of Ihe UET offer and lo keep the young people ot the centre of evewing th81 we do. Whilst growth Is inevitable. as unlike educ8tion we do not have a rued term 8tt8ndance, we recogni5e that we need to ensure that any expansion is within the orHJinal vision of the organisalion, a¢commod8ting our origin81 team ol young people & adults on their palh through adulthood whilst welcoming nèw young people & adults lo focused and supportive environment. Uplands Enterprise Trust is a developing and growing charitabl& trust for young people and 8dults IYPIAI with additional needs focused on developing skills and supporting families. The key obj8clivg is lo provide quality opportunities lor YPIA with addlional needs lo hglp IheFTiselvg8. UET'S detailed Strategic Plan will continue lo be measured by the Strategic Objectives ISOS) and their associated annual Key Performance Indicators IKPlsl, and there is an expectation that there will be other developments as the charitable trust continues lo grow. One of thè strengths of the UET is to keep evolving, wè li8ten to the young people that w8 work with and ¢￿at9 new opportunities lo help support them. Page 12 UPLANDS ENTERPRISE TRUST IA company Ilrnited by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ObJ8ctlvès and activities Icontinu&dl What's Next for UET? In the upcoming 12 months. UET aims to-. Strengthen the Senior Leadership Team lo better support UEfs growth and development plans To 8nsur8 all aspects of the charivs business function are fully compllanl, 8fficient and effeclNe Explor9 OPPOrtunilies for UET'S expanslon in the wiltshi￿ area. Acquire an additional propety on a short-term lease lo ac¢omodale the growng demand for our Service Oplimise the use of UET Farm Broadening and deepening thg knowledge UET Board of Trustees through Ihg appointment of new Iruslees with skills and expertise in areas such as Adult Social Care, CQC Frarnework, Health, Human Resources.Charily Law and Risk Management. This will ensure that Trustees are further enabled lo hold lo account and challenge all area5 of the charities complk8n¢e and risk management. Pago 13 UPLANDS ENTERPRISE TRUST IA company limlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Objectivgs and activities {¢ontlnuod) Achlevements and perfomianco Flnanclal review . Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources lo continue in operational existènce fof the foreseeable future. For this reason, they continue to 8dopt the going concern basis in p￿parIng the linancial slalements. Further del8ils regarding the adoption of the going conc6m basis can be found in the accounting policies. b. Reserve5 policy At the year end the Trust has total funds of £706.44812023-. £419,948). Of those funds. £32,457 are held as reslricled funds and £144.699 are held as tangible fixed assets. The free reserves al 31 August 2024 are £673.991. The trustees are confident that the trust can continue to operate with il reserves lo reflect approximately 3 months of running cosls1£276,0001. c. Flnancial Position Al the ye8r gnd the trust had n8t current assgts of £561.749. d. Penslon The tru51 conlribules towards the NEST penslon scheme. e. Prlncipal risk5 and un¢ertalntlg8 The UET Board of Tnjstees h85 revlew8d th8 major risks to which the Trust is expos8d together with the opèrating. financial and compliance controls that have been implemented lo milig8le those risks. The principal risks and unc&rtainlies facing the Trust arg as follow5.. Failures in governance andlor management the risk in this 8rea arises frorn potential failure lo effectively manage the Trust's finances, internal controls. compliance with regulations and legislation, slalulory returns etc. The Trustees continue lo review and ensure that appropriate measures are in plBce to miligale these risks. Reputslional the Continuing success ol the Trust is dependent on continuing lo attract Bpplicanls in sufficient numbers by maintaining the highest standards. To miligale this risk Tnjsiees ensurè that a full quality assurance framgwork is embedded across all ar9as of UET and is closely monito￿d and reviewed. Safeguarding- Ihe Trustees continue lo ensure that the highest stsndards are maintained in the areas of soleclion and monitoring of staff. the operation of child and vulnerable adults. protection wlici8s and procedures. health & safety and di5cipline_ Staffing - the success of the Trust is reliant on Ihg quality ol its stsff and so the Trustees monitor antl review policies and prO￿dureS to ensure continued development and training of staff as well as ensuring there is clear succession planning. Fraud and mismanagement of funds all financ& staff receive training to keep them up lo dale with financial practice requirements and develop Ihgir ski118 In Ihls area. Page 14 UPLANDS ENTERPRISE TRUST IA company Ilmited by guarant991 TRUSTEES. REPORT ICONTSNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 The full 8oard of Trustees mel 4 limes during the period 1st September 2023 10 3151 August 2024. The AGM look place on 24th Api15 2024 at Strallon Road, Swindon. SN1 2PN. At each of the meeting5 the Trustees reviewed the charities current activity and reviewed UET'S strategic and linaneol planning and the opèrational 8Ctivily and developments of the charity. Standing items on the meeting agendas include Ihe review of the UET Risk Register and written rewrts from the Direclor of Operab"ons and Head of Service, including a finance update from the Link FinatKe Tfustee. Management accounts are also reviewed monthly with the Principal Trustee, Jackie Fieldwick. The TTuslees consider any risks using 8 risk evaluation matrix (operational, knowledge & people, financial, compliance and repulalionl which may affect the trust. 11 assesse5 the risk impact, 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 id&nlifi8d. The Board monitors the irnplementation ol these slral8gie5 and reviews the risk register al each board meeting. f. Fundralslng Within 202312024 UET were very fortun8ts to have receiv8d grants for 8 10181 of £13,483 through successful applications completèd by Caroline Dent. This consisted of". Morrisons £4140. Joyce Flelcher £1800. Boshier £2000,Waltgr Guiness £1.000, Percy Billon £4043 and Haydon Wick Parish Council £500. UET also received donatK)ns from Zurich. through the Benevity portal and Uplands Schwl of £307. With Ihesg funds the charity was able lo purchase a soundbeam, an adaptsble bike, a hoi51, and a large changing bed. UET receivèd no complaints about fundraising activilles during 2023124. g. Prln¢lpal fundlng sources The trust's main income source is from Adult Soclal Care funded packages and placgmgnts. NHS placements and Direct Payments recewed from parents and Cafers, wth £1.768,938 income received in 2023124. Structuro. gov•rnan¢a and management a. Govornlng Document The charlty Is controlled by ils governing document, a deed of trust, and conslilules a limited Company. limited by guarantee, as defined by th& Compani05 Act 2006. The charity is governed by its memorandum and arti¢le5 incorporated 2910312012 as amended by specrdl resolulionlsl dated 0510712012. Page 15 UPLANDS ENTERPRISE TRUST IA Company Ilmlted by guarant•g1 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Structure. governance and managemont Icontlnugdl b. Recrultmont. Appolntment. Inductlon and Tralnlng of New Trusto•s The Tru51 has 7 Trustees who are also directors of the company. The Trustees all have a background in either Special Educational Needs and Disabilities ISENDI Education, Health and Social CaTe, Finance, HR. Heallh & Safety. Governance and Risk Management or corne from a local business or charity sector background. Three of the seven Trustees are also paren15 of young people with additional needs. The Tmslees were ￿Clu11ed through their connection with Brunel Academies Trust and the local community or Tecruiled exlernally via the volunteering netwotk. Involve Swndon. Trustees hold an Annu81 Visioning Day lo discuss and agree UET'S 5 Year Strategic Plan and vision for the future. Newly appointed Trustees receive one lo one induction training frorn the Principal Trustee lo understand the Trustees role and responsibilities. the n&èds Df the cohort and the work of the Trust. At th8 Annual General Meeting held 24 April 2024, Mr Chris Sims, Mr Jeff Smith and Mr Derek Dlnsey retired. Following a proposal from Mrs Jackie Fieldwick which was seconded by Mr Daniel Boden. Mr Chris Sims. Mr Jeff Smith and Mr Derek Dinsey were each re-appointed for a further term. This was unanimously agreed by all Ttustees. Mr Philip Helme was appointed and welcomed as a Trustee on 15th August 2024 and Mr Daniel Boden resvjned as a Tnjstee on 19th Seplember 2024. The Trust is very fortunate in having a strong Board of Trustees who conlinu81W strive lo develop and grow their knovhedge. The Trust is gralelul lo e8ch of the Trustees tor their commilmènl and enthusiasm and the work they have done for thè Trust throughout the year. The Trust8es would1ike to express their sincere thanks lo Mr Daniel Boden for his commitment and support of the Trust during hi5 lime as a Truslge and would also like lo express thelr gratitude lo the patrDn of UET, Mr William Wyldbore-smilh, lor supporting and promoting the work of the UET through his wider charitable work both locally and nationally. The Trust would like to thank all staff and managers for their dedication, commitment and hard work and would also like to express thanks to all of the local, regional and national business partners who have providgd volunleers, donations. grants. and raised funcjs for UEf. The Tmst felies on donations ￿ceiVed and the generosity and enthusiasm of our lomial and informal partner5 whose support is invaluable lo the work of the charity. Organlsatlonal structure TrusleeslDireclors govem Ihtr charity and $81 the overall strategy. objectives and targets. The slraleoic and operational management of the tiusl is delegated lo the Senior Leadership Team ISLTI. The Director ol Operalions and Head of Service form the UET Senior Leadership Team ISLTI and are resFK)nsib1e IOT strategic and operalionol leadership of UET. d. Pay pollcy for key managemènt prsonnel Key personnel's remuneration packages are agreed by Trustees through thèir pay policy. as appointments are made the rolgs are defined and assessed against the markèt to Identify a salary range and job description. Key personnel ar& able ID progress wilhin their rol8 providing performance rnanagemenl largels are achieved within the defined benefits of the salary grade. The performance manag&menl framework is a cyclical review completed on an annual basis. 8. Related party relationshlps Brunel Acadèmies Trust IBATI and tts subsidiary company Brunel Education IBEI work closely with Uplands Enterprise TTUSI. Th8 Principal Trustee. Mrs Jackie Fi8lttsick. is a TrusteelCEO ol both BAT and BE, Mr Philip Helme is the Chief Operating Officer I Chief Finance Officèr for BAT and BE, and Mr Chris Sims is a Trustee of both BAT and BE. UET'S patron, Mr William Wyldbofe- Stnilh, is also a Trusleg ol both BAT and BE. Page 16 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Structu￿, governan¢e and management Icontinuedl f. Risk management The Trustees have a duty lo identify and review the risks lo which the trust is 8xposed and ID ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The UET Board ol Trustees has reviewed the key risks lo which the trust is exposed tDgether with the operating, financial and compliance controls that have been implemented lo mitigate those risks. The Board of Trustees categorises risks into 4 main categories., Reputation, Operational, Knowledge & People & Financial. The UET BDard of Trustees has responsibility for monitoring and evaluating the irnpacl of risk. The 808rd of TrLJSt8ès has implementèd form81 pro¢essès for idèntifying, evaluating and managing the Irusl's significant risks. This has been embedded in the activity ol the UET Board in the period 1st September 2023 to 31st August 2024 up lo the dale of approval of the annual report and financial statemen15. The risk management process is regularly reviewed by the Board ol Trustees and with Link TrLJslees, Jackie Fieldwick and Daniel Boden, prior to his r8signation. Statement of Trustee5' responsibilities The Trustees (who are also the direclors of the Company for the purposes of company lawl are responsible for prèparing the Trustees, report and the finan¢ial statements in accordance with applicable law and United Kingdom Ac¢oiJnling Slandaids (United Kingdom Generally Accepted A¢¢ounting Practice). Company law requires the Trustees lo prepare financial statements for each financial year. Under ¢omp2ny Saw, the Trustees must not approve the financial statements Ljnless they are satisfied that they give 8 true and fair view of the state of affairs of the Company and ol its incc>ming resources and application of resources. including ils income and expenditure, for that period. In preparing these financial slalements, the Trustees are required lo.. select suitable accounting policies and then apply them ¢onsistently', observe the methods and principles of the Charities SORP IFRS 1021., make judgtnents and acGounling e51imales that are reasonablB and prudent., state whèther applicable UK A¢¢ounling Standards IFRS 1021 have b88n followed, subject to any material departures disclosed and explained in the finanGial slaletnents., prepare the financial slalemenls on the going concern ba515 unless il is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's Iransa¢lions and disclose with reasonable aGcuracy al any time the financial position of the Company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reason8ble steps for the prevention and detection of fraud and other irregularitiès. Disclosure of infoimation to auditors Each of the persons who are Trustees at the lime when this Trustees. report is approved has confirmed that.. so far as that Truste& is aware, there is no relevant audit infomalion of which the charitys auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee In order to be aware Df any relevant audit information and ID establish that the charity's auditors are aware of thot information. Audltors The auditors, Regulatory Audit, have indicated their willingness lo continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Page 17 ## **UPLANDS ENTERPRISE TRUST** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024** proved by order of the members of the board of Trustees and igned on their behalf ,,b.,.·-- **----- Start of picture text -----**
29 May 2025
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Page 18 UPLANDS ENTERPRISE TRUST IA company limited by guarantaèl INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UPLANDS ENTERPRISE TRUST Opinion We have audited the financi21 slalements of Uplands Enterprise Trust (the '¢haritable company'l for the year ended 31 August 2024 which comprise the Slalement ol financial aclivilie5, th& Balance sheet, the Slalement Df cash flows and the ielated notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in thèir prèparation is applicable law and United Kingdom A¢counting Standards, including Financial Reporting Stsndard 102 'The Financiel Reporting Standard applicabl8 in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the finanGial statements= give a true and fair view of the slate of the charitable Gompanls affairs as 8131 August 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended., have been properfy prepared in a¢cDrdance with United Kingdom Generally Accepted A¢counling Practice., and have been prepared in accordance with the requirements ol the Companies Act 2006. Basis for opinion We conducted our audit in a¢¢ordance with International Standards on Auditing IUKI IISAS IUKII and applicable 18w. Our responsibilities under Ih05e 5tsndards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are indèpendent of the ¢haritable company in a¢¢ordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with these reqLJirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclu5ion5 relating to going concern In auditing the financial slalements. we have concluded that the Trustees. use of the going ¢oncern basis of accounting in the preparation of the financial statements is appropriate. Based on thg work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to CDntinue as 8 going concern for a periDd ol at least twelve months from when the financial statements are authorised for issue. Our resPOn5ibililies And the respon5ibililies of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 19 UPLANDS ENTERPRISE TRUST IA Company Ilmlted by guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UPLANDS ENTERPRISE TRUST ICONTINUEDI Other information The other information comprises the information included in the Annual report other than the financial slal&ments and our Auditors, report Ihttreon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial stalements does not cover the other Inlortnalion and, except to the extent othenNise explicitly slated in our report, we do not express any form ol assurance Gonclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information Is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appear5 to be materially misslaled. If we identify such material incDnsislencies or apparent material misstatements, we are required lo determine whether this gives ris¢ to a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material misslalerllenl of this other information. we are required to report that fact. We have nothing lo report in this regard. Opinion on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infotmalion given in th& Trustees, Report for the financia1 year for which the financial slalements are prepared is consistent with the financial statements. the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light ol our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have ntsl identified material missiatemenls in the Trustees, Report. We have nothing lo report in respect of the following matters in relation lo which Compani&s Act 2006 requires us to report to YOU if, in our opinion.. adequate accounting records have not been kept, or returns adequate lor our audit have not been received from branches not visited by us., or the financial slalemenls are not in agreement with the 8c¢otJnting records and returns.. or certain disclosures of Trustees. remuneration specified by law are not made., or wg have not received all the information and explanation5 we require for our audit., or the Trustees were not entitled lo prepare the financial statèments in accordance with the small companiès regime 2nd take advantage of the small companies. exemptions in preparing the Trustees, Report and from th& requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Trustees. responsibilities statement, the Trustees (who are also the directors ol the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal ¢ontrol as the Trustees determine is necessary to enable the preparation ol finan¢i81 statements that are free from material misslalemenl, whether du& to fraLJd or error. In preparing the financial 51alements, the Trustees are responsible IDr assessing the charitable companys ability lo Continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis ol accounting unless thè TrLJStees either intend lo liquidate the charitable company or lo ce8se operations, or have no realistic allernalive but lo do so. Page 20 UPLAND5 ENTERPRISE TRUST IA company limited by guaranteel INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF UPLANDS ENTERPRISE TRUST ICONTINUEDI Auditors. re$ponsibilitie$ for the audlt of thè financial statements Our objectives are to obtain reasonable a5sur8n¢e about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an Auditors, report that inclL5de5 our opinion. Reasonable assurance is a high level of assurance, bul is not a guai¥nl&e that an audit conducted in accordance with ISAS IUKI will always dele¢t a material misstatement when il exists. Misstatèments can arise from fraud or error and are considered material il, Individually or in the aggregate, they could reasonably be expected to influence the economi¢ decisions of users taken on the basis of these financial slalements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstalemenls in respect of iirtrgularities, inclLJding fraud. The extent tD which our procedures are capable of detecting irregularities, including fraud is detsiled below". We have considered.. the nature of the charity and sector, control environment and operating performance,. the chariws own assesstnent. includino assessments made by key management, of the risks that irregularities may ocGur either as a rèsult of fraud or error., any matters we identified having reviewed the charity's policies and procedures relating to.. identifying, evaluating and corllplying with laws and regulations and whether they were aware ol any instances of non-compliance., detecting and responding to the risks of fraLJd and whether they have knowledge of any a¢ttJal, suspected or alleged fraud,. and the internal controls established lo miligale risks of fraud Dr non-compliance with law5 and regulations-, the matters discussed amongst the audit engagement team. As a result of these procedures, we considered the opportunities and incentive5 that may exist within the organisalion for fraud and identified the greatest potential for fraLJd in the areas in which fnanagement is required to exercise significant judgement, such as the disclosure of adjusting items. In common with all audits under ISAS IUKI, we are also reqLJired lo perform specific procedures lo respond to the risk of management override. We also obtsined.an understanding of the legal and regulatory framewDrk that the charity operates in focusing on provisions of tho'se laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we ¢onsid8red in this context were the Companies Act. Charities Act and tax legislatlDn. Because of the inherent limitations of an audit, there is a risk that we will not delecl 211 irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the tnore that GotnplianGe with a law or regulation is removed from the events and transactions reflected in the financial slalemenls, as we will be less likely to become aware of instances of non-mmpliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves inlenlion81 ¢oncealment, forgery, collusion, omission or misrepresenlalion. A further description of our responsibilities lor the audit of the financial slalements is located on the Financial Rèporting Council's website al.. www.frc.or .uklaudilorsres onsibilities. This description forms part of our Auditors. report. Use of our report This report is made solely to the charitable compan5Ps members, as a body, in accordance with Ch8Pter 3 01 Part 16 of the Companies Act 2006. Our aLJdit work has been undertaken so that we might stale lo the charitable company's rnembèrs those matters WÈ arè required to state to them in an Auditors, report and for nD Other purpose. To the fullest exlenl permitted by law, we do not a¢¢ept or assLJme responsibility lo anyone other than the ¢haritable company and its members, as a body, for our audit work. for this report, or for the opinions we have formed. Page 21 UPLAND5 ENTERPRISE TRUST IA Company limited by guarantèè) INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF UPLANDS ENTERPRISE TRUST CONTINUED) Robert Stokes FCCA ACA (Senior Statutory Audilorl for and on behalf of Regulatory Audit Chartered Accountsnts & Stalulory Auditors Vicarage Court 160 Ermin Street Swindon Willshire SN3 4NE Dale.. 29 May 2025 Page 22 UPLANDS ENTERPRISE TRUST IA company Ilmtted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2024 Restricted Unrestrictèd funds funds 2024 2024 Total funds 2024 Total funds 2023 Nate Income from.. Donalions and legacies Ch8ril&ble activities.. Learning and Living support Other trading aclivilies 16,640 16,640 39,447 1,783,973 307 1,783,973 307 1,304. 7 73 8,596 Total income 1,800,920 1.BOO,920 7,352,216 Expenditure on-. Charitable activities.. All provisions 1,514,420 1.514.420 7,3L)6,463 Total 1.514.420 1,514,420 1,306,463 NET INCOMEIIEXPENDITUREI 286,500 286,500 45,753 Reconciliation of funds- Total funds broughl forward Net movement in funds 32,457 387.491 286.500 419,948 286,500 374. 195 45, 753 Total fund5 carried forward 32.457 673,991 706,448 419,948 The Slal&menl of Financial Activities Includes all gains and losses recognised in the year. The notes on pages 26 10 40 form part of these financial statements. Page 23 UPLANDS ENTERPRISE TRUST IA company Ilmltèd by guarantee) REGISTERED NUMBER.. 08011951 BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Flxèd assets Tangible ass&ts 12 144,699 7 15,372 144.699 7 15,372 Current assèts Debtors 13 277,396 377,645 188,873 263,786 Cash al bank and in hand 655,041 452,659 Current liabilities c￿ditorS.. amounts falling due within one y&ar 14 193.2921 (148,083? Net current assets 561.749 304,576 Total assèts less current liabilities 706,448 419,948 NET ASSETS 706,448 419,948 Funds Restricted funds 15 32,457 673,991 32,457 38T,491 Unreslri¢led funds 15 Total fund5 706,448 479,948 The Trustees acknowledge IheiF responsibilities for cornplying with the requirements of the Act with respecl to accounting records ancl preparation of financial statements. The financial slalements havè b88n prèpared in accordance with the provisions applicable lo entities subject to the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. J A Fieldwick Ichaii of Trust Dale.. C Sims (Trustee The notes on pages 26 to 40 form part of these financial slalemenis. Page 24 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Cash flows from operating activities Nel cgsh used in operating actiwties 179,600 52,011 Cash flows from investing actlvltles Proceeds from the sale of tangible fixed ass81s Purchase of tangible fixed assets 2,463 168,2041 (47, 109) {49,097) Net cash used in investing actlvltles 165,T411 196,2061 Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year 113,859 144,1951 307,981 263,786 Cash and ¢8sh equlvalents at the end of the year 377.645 263,786 The notes Dn pages 26 to 40 form part of these financial statements Page 25 UPLANDS ENTERPRISE TRUST IA Company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 statutory Information Uplands Enterprise Trust is a ¢haritable company limited by guarantee, without share capital, incorporated in England and Wales. The registered office address and principal acivilies can be IoLJnd in the Trulees, Report. Accounting policie5 2.1 Ggneral inforniation and basis of preparation The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practi¢& applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 and the Companies Act 2006. The financial statements have been prepared under the historical CDSt Conversion. Uplands Enterprise Trust meets the definition of a public benefit entity under FRS 102. The accounts are presented in Sterling which is th8 functional currency of the TrLJSt and rounded to the nearest pound. 2.2 Going concern The Iruslees assess whether the use of going ¢on¢ern is appropriate i.e. whether there are any material Ljncertainties related lo events or conditions that may cast significant doubl on the ability of the charity lo Continue as a going concern. The trustees rllake this assessment in respect of a period of al least one year from the date of authorisation for issue of the fin8n¢ial statements and have concluded that the charity has adequate resour¢és to continue in operational existence for the foreseeable future and there are no material uncertainties about ils ability lo continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial slalerilents. 2.3 Incomè All income is recognised once the Company has enlillemenl lo the income, it is probable that the income will be received and the amount of income receivable can be measur&d reliably. 2.4 Intere$t Interest on funds held on deposit is included when receivable and the amount can be measured r&liably by the ¢harity', this is normally upon nolificalion of the interest paid Dr payable by the bank. 2.5 Grants Income from government and other grants are recognised at fair value when the charity has enlitlemenl after any performance conditions have been mel, il 15 piobable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. The balance of income received for specific purposes bul not expended during the period is shown in the rel2vant funds on the balance sheet. When entitlement occurs befDre income is received, the income is accrued. Page 26 UPLANDS ENTERPRISE TRUST IA company Ilmited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies l¢ontinuedl 2.6 Donations Don¥lions are ￿COgnised on a receivable basis where there is certainty of receipt and thè amDunt can be reliably me85ured. 2.7 Agency arrangements The academy trust acts es an agent in dislribuling 16-19 bursary funds from ESFA. Payments received from ESFA and subsequent disbursements lo students are exclud8d from the slalemenl of financial activities as thè trust does not have control over the charitable application of the funds. 2.8 Expenditure Li8bililies are recognised as expenditure as soon as ther8 is a legal or constrLJCtive obligation committing the charity tc> that ÈXP8nditure, il is probable that a transfer of economic benefits will be required in selllemenl anos the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the ¢alegory. Where costs cannot be directly attributed to particular headings they have been allocated to aclivititrs on the basis detailed below. VAT charged lo bul not recoverable by the charity is included under the heading lo which the expenditure relates. 2.9 Allocation and apportionment of costs Support costs have been apportioned lo the relevant activities of the charity on the basis of the percentage of staff numbers expressed as full lime equivalent employees. 2.10 Redundancy l Termination payments Termination benefits are measured al the best estimate of the expenditure required to settle the obligation al the reporting d8le. If the expected settlement dale ol the termination payments is 12 months or more after making the provisic)n and the effect would be material, the present value ol the obligation is calculated usir)g an appropriate discount rate. 2.11 Tangible fixed assets and depreclatlon Tangible fixed assets costing £100 or more are capitalised and recognised when fulLJre economic benefits are probable and the cost or value of the asset can bts measured reliably. Tangible fixed assets are initially recognised al ¢ost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumul8led depreciatiDn and any aGcumulaled impairment losses. A51 costs incurrèd to bring a tangible fixed asset into ils intended working condition should be included in the measurement of Cost. Page 27 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontinuedl 2.11 Tangible fixed assets and depreciation Icontlnuedl Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated us@lul lives, Depreciation is provided on the following basis.. Property Improvements Plant and machinery Motor vehicles Fixtures 2nd fittings Computer equipment 10°/0 on slraighl line basis 100/0 Oft Straight line basis 200/D on slraighl line basis 200/. -33/0 slraight line basis 33.10 on straight line basis Assets costing £100 or more are capilalised as tangible fixed assets and are carried al cost, net of depreciation and any provision for impairment. Depreciation is charged from the month of acquisition lo the month ol disposal. 2.12 Taxation The Charity is exempt frc>m corporation tsx Dn its charitable aclivilies. 2.13 Fund accounting Unrestricted funds Can be us&d in a¢¢ordanc8 with the charitable objectives al the discretion of the trustees. Restricted funds can only be used IDr particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor Dr when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes tD the financial statèments. 2.14 Hire purchase and leasing commitments Rentals paid und6r operating leases are charged ID the Slalemenl of Financial Activities on a straight line basis over the period of the lease. 2.15 Defined contribution scheme The assets of the scheFne are held separately from thos& of the charity in an independently administered fund, NEST. The costs of the defined contribution arrangements are charged as incurred. Page 28 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢tsunting policie5 Icontinuedl 2.16 Donated goods Where material, donated goods and services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been mel, the receipt Df econornic benefit from thè us8 by the charity ol the item is probable and that economic benefit can be measured reliably. On receipt, where material, donated goods and services are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay lo obtain services or facilities of equivalent economic benefit Dn the open market., a corresponding amount is th&n recognised in expenditure in the period of receipt. In accordance with the Charities SORP IFRS 1021, the general volunteer time is not recognised and refer lo the Iruslees, annual report for more information about thèir Contribution. The ¢h8rity receives donated goods for resale. Eslimaling the fair value of these goods is impractical because of the volume of low-value items received and the absence of detailed stock control systems and records. As such the donated goods for resal$ are not recognis&d on receipt. Instead, the value to the Charity of the donated goods sold is recognised as income whèn sold. 2.17 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.18 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerrn highly liquid inveslrnenls with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.19 Creditors and provlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resLJII in the transfer of funds lo a third party and the amount due to settle the obligation can be MeaS￿red or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2.20 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recDgnised at transaction valLJe and subsequently measured al their settlemenl value with the exGeplion of bank loans which ale subsequently measured at amortised cost using the effective interest method. 2.21 Critical accounting gstimat&s and areas of Sudgèmènt Estimates and judgements are continually evaluated and are based on historical experience and other factors, including 2xpeclalions of future events that are beligved to be reasonable under the circumstances. Critical accountin None estimates and assum tions Crlti¢al a￿a5 of ud ement There are no critical areas of judgement. Page 29 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 DONATIONS AND LEGACIES Unrestricted funds 2024 Total funds 2024 Total funds 2023 DonafiDns 3,562 13,078 3,562 13,078 2, D88 37,359 Grants 16,640 16.640 39,447 Other trading activities Income from fundraising events Unrestrictgd funds 2024 Total funds 2024 Tol81 funds 2023 Fundraising events - Swindon Rotary Club and canclle ssles 307 307 8,596 Income from charllable actlvlties Unrestri¢ted funds 2024 Total funds 2024 Total funds 2023 Course fees 2nd placements Entewrise Incom Shop Income Othei 1,768,938 13,996 307 732 1,76B,938 13,996 307 1,292,826 9,305 1,219 823 732 1.783,973 1.783.973 7,304. 173 Oth8r incoming rèsources Analysis of grants Page 30 UPLANDS ENTERPRISE TRUST IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities costs Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Total 2023 Charitable activities 1,514,420 1,514,420 1,306,463 Total 2023 82,549 7,223,914 7,306,463 Analysi5 of expenditure by activities Activities undèrtaken directly 2024 Support ¢o$t5 2024 Total funds 2024 Total fvnds 2023 Charitable activities 1,480,678 33,742 1,514,420 1,306,463 Total 2023 7, 147,07 7 165,446 7,306,463 Pag&31 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expenditure by activities Icontinuedl Analysis of direct cost5 Charitable activities 2024 Total funds 2024 Total funds 2023 Staff Gosts Depreciation Rent, rates and water costs In5urJnce Telephone Fire 2nd security Rgpairs, ranewals and cleaning Motor and travel 1,116,253 37,505 126,099 10,849 5,039 6,719 64,427 22,420 3,677 6,444 17,326 13,052 12,539 432 1,116,253 37,505 126,099 10,849 5,039 6,719 64,427 22,420 3,677 6,444 17,326 13,OS2 12,539 432 837,514 30,595 92,014 9,412 5,213 9,318 59,146 18,711 4,876 3, T44 10,231 10,695 72,953 403 Postage and stationary PPE supplies IT Support Training Enterprise costs Accounts and audit fees Staff welfa 20,289 367 11,831 20.289 367 11.831 6,653 2, 122 9.390 1,560 6,487 9,920 Marketing Sundry costs Bad debts Wasta disposal Profiyloss on disposal of fixecl assels 6,500 11,0901 6.500 11,0901 1,480,678 1,480,678 1,141,017 Total 2023 1, 741,017 1, 141,Ql 7 Page 32 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expenditure by activiti&s Icontinuedl Analysis of support ¢osts Charitable activities 2024 Total funds 2024 Tol81 funds 2023 Staff Costs B&nk Gharges Accounfs and audit fees 2,469 490 2,469 490 134 491 2,640 11,898 5,040 2,640 11.898 5,040 7,2QQ 22,135 2,500 82,549 50,431 Bookkeeping AGcountancy and independent examination Business support Exp type 30 11,205 11,205 33,742 33.742 165,446 Total 2023 165.446 165,446 10. Trustees. remuneration and expenses During the year, no TrLJslees received any r&muneralion or other benefits (2023- £NIL). During the year Ènded 31 August 2024, no Trustee expenses have been incurred (2023- £NIL). Staff costs 2024 2023 Wages 2nd salaries Social security costs Contribution fo defined contribution pensNon schemes 1,048,642 50,565 17,046 791,268 34,801 11,445 1,116,253 837,514 The average number Df persons employed by the Company dLJring the year w8s as follows.. 2024 No. 2023 No. Employee 70 54 Page 33 UPLANDS ENTERPRISE TRUST IA Company Ilmtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Staff costs (continued} No employee received remuneration amounting lo more than £60,000 in either year. The key management personnel of the charity comprise the Irusl&&s and the senior management team. The lol¥l amount of employee benefits linclLJding employer pension conlribulionsl received by key management personnel lor their services to the charity was £105,111 12023.. £52,335). The total employee benefits include costs of direct employment and ¢osts of employee benefits recharged to thè charity. Page 34 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Tangible fixed assets Short-term leasehold property Plant and machinery Motor Flxtures and vehicles fittings Computer equlpment Cost or valuation At I September 2023 Additions Disposals 94,993 34,521 23,518 9,144 1150 27,610 67.175 6.073 18,418 18,464 13,3331 At 31 August 2024 129,514 32,512 24,277 73,248 36,882 Depreciation At 1 September 2023 Charge for the year On disposals 43,545 12,139 18,276 2,358 10,002 4,359 12,1111 33,721 11,595 10,798 7,052 Al 31 August 2024 55,684 20,634 12,250 45,316 17,850 Net book value Al 31 August 2024 73,830 11,B78 12,027 27,932 19.032 At 37 Augusl 2023 51,448 5,242 77,608 33,454 7,620 Page 35 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Total Cost or valuation At 1 September 2023 Additions Disposals 231,714 68,202 13,4831 At 31 Augusl 2024 296,433 Depreciation At I September 2023 Charge for th& year On disposals 116,342 37.503 12.1111 Al 31 August 2024 151,734 Net book value At 31 August 2024 144,699 At 31 August 2023 115,372 Page 36 UPLANDS ENTERPRISE TRUST IA company Ilmlted by guaranleel NOTES TO THE FINANCIAL STATEMEhlTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Debtors 2024 2023 Due within one year Trade debtors 152,826 13.777 110,793 159,952 3.458 25,463 Other rjebtors p￿paYmentS and acctyed income 277,396 188,873 14. Creditors: Amounts falling due within one year 2024 2023 Trad& Gredilors Social security and other taxes other creditors 38,095 14,479 B,037 32,6B1 62,263 11,640 3,536 TQ,644 Accruals and defer￿d in¢om& 93,292 748,083 Page 37 UPLANDS ENTERPRISE TRUST IA company limited by guaranleel NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2024 15. Stalement of funds statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expenditure Unrestricted funds General FunGIs 387,491 1,800.920 11,514,420) 673,991 Restricted funds Community Enterprise Cèntr8 Fam? tools Skills for Work refil Sensory room Social Fam?s & Gardens Sponsor-a-slar Charities Trust Openwork Stratton St Margarét N81ional Lottery Doyle st James 822 822 375 375 3.056 2,92S 693 850 3,056 2,925 693 850 39 6,796 1,000 10,000 3,000 1,911 928 39 6,796 1,000 10,000 3,000 1,911 928 62 Willshire Gommunily Fund Highworth Festival 62 32,457 32,457 Tot81 of fund5 419.948 1,800.920 1,514,420) 706,448 Reslricled funds received from National LDttery are lo be used on flDoring at Stratton Road. Openwork funds are lo be used on the Sensory Room 81 Stratton Road. Doyle funds are to be spent on a Sound beam. 16. Summary offunds Page 38 UPLANDS ENTERPRISE TRUST IA company limitèd by yuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Summary offunds Icontinuedl Summary offunds- current year Balan¢e at 1 September 2023 Balance at 31 August 2024 Income Expenditure General funds Restricted funds 387,491 32,457 1,800,920 11,514,420) 673,991 32,457 419,948 1,800,920 11,514,420) 706,448 17. Analysis of net asset5 between fund5 Analysis of net assets botsvggn lunds - current perlod Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets 144,699 622,584 193,2921 144,699 655,041 193,2921 32,457 Creditors Glue within one year Total 32,457 673,991 706,448 Reconciliatlon of net movement in funds to net cash flow from operating activities 2024 2023 Net Income for the period las per Statement of Financial Activities) 286.500 45,753 Adjustments for: Dèpraciation charges Lossl(profit) on the sale of fixed assets Increase in debtors 37.505 11,0901 IBB,5221 154,7931 30,595 9,920 (60, 196? 25,937 In¢￿aSe/((l8¢reasej creditors Net cash provided by operatlng a¢tlvltle$ 179,600 52,009 Page 39 UPLANDS ENTERPRISE TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 19. Analysis of cash and cash equivalents 2024 2023 Cash hand 377,645 263,78S Total cash and cash equivalents 377,645 263,786 20. Analysis of Changes in net debt At1 September At31 2023 Cash flows August 2024 Cash al bank and hand 263,786 113,B59 377,645 263,786 113.859 377,645 21. Related Party Dls¢lousgrs The following transactions look pSace between the charity and Brunel Academies Trust IBrunell. The trustee. Mrs J Fieldwick, is CEO and trustee of Brunel Academies Trust. £0 12023.. £82,549) was charged from BAT to UET for time spent by Mrs J Fieldwick on 8$51s1ing the charity. The Trust@e, Mrs J Fieldwick, has rented out a farm building for use by the UET for stud8nt èducation. VET p8ys a peppér¢orn rent of £1 pei annum. The son of Trustees. D and S Dinsey is employed by UET and earned £3,42512023.' £2,931) for the year. 22. Operating lease commitments Al 31 AugLJSt 2024 the Company had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2024 2023 Not later than 1 year Later than l year and not later than 5 years 8,167 38,653 8,167 8,167 46,820 Page 40