Charlty Regiltratlon No. 1161874 Company R•glstrallon No. 0783Z926 PERSONAL SUCCESS Trustees. Report and Financial Statsments for thè year ended 30 November 2023
Chorlty Regtstrauon No. 1151874 Cornp4ny Rèulstrauon No. 07832926 PERSONAL SUCCESS TRUSTEES, REPORT AND FINANCIAL Accoui¥rs FOR THE YEAR ENDED 30 IIOVEMBER 2023 ContÈnt8 Page 14 Tw$ts8s' report IndeFendent examinerfs report Statement ol finanryal 8Ctivitses Balano sheet Notes to the finantyal statements 15
Charlty R8gistralJon No. 1151874 Company Rgglstratoon 140. 07832926 PERSONAL SUCCE55 Report of the Trustee$ for the year ended 30 N47¥ember 2023 The Trustees present thelr port and the financial statements for the year ended 30 November 2021. The financial statements have been prepared In accordance with the accountin8 policies set out in Recommended Prattice,"Accounting and Reporting by Charities., issued in March 2005. TheTrustee5 who served duringthe year and up to the date of this report are Ilsted below. legal and administrathvè Informatlon Charlty Namè PERSONAL 5UC(ESS Charity number 1151874 Offi¢e Addre55 IS Hlgh paStreet Toxteth En8land L8 8DX Trustees Monrfu Babatunde Bello Deqa Ahmed Muse Olakunle Fatal Ade51na Omelebanln All Consultant CWC Consullants Ser¥1 Clo High Park sireet Toxteth Eneland 80X
Charity Roglstration No. 1151874 Company Registratlon No. 07832926 PERSONAL SUCCESS TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Personal Success is a limited charitable company governed by its Memorandum and Artides of Association dated 26 November 2012. It is registered as a charty with the Charity Commission on 2 May 2013. The Charity's Board of Trustees arè also its Directors who a elected by Annual General Meetings of the members of the Charity.. with casual vacancies being filled, as required by the Board of Trustees in accordance with the ArtleS of AssociatDn. The Board meets regularty throughout the year and attends to all strategic and operational matters. RISK MANAGEMENT The Trustees have conducted a review of the major risks to which the charity is exposed and where appropriate, systems or procedures have been established to mitigate the risks the Gharity fra¢&s. External risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activitie$. Internal controls risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place lo ensure compliance with health and safety of staff, volunteers, service users and visrtors to the premises. Standards are monitored bjth internally and externally to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. OBJECTIVES AND ACTIVITIES The objects of the charitable company are as follows.'- al To advance the education of the public in the subj.ect of mathemati¢s, science and other subjeets. through the provision of an afterschool for children and young people in Liverpool, to help buikl their n0edge, skill$ and eonfidenee in order to increase educational attainment. b) To advance the education and training of those granted refugee status and their dependants in need thereof so as to advance them in life and assist them to adapt within a new community. ¢1 The lief of unemployment of those granted refugee status and those seeking asylum in the United -ngdOM, and in particular Liverpool, by the provision of vocational and skills training, advi and support Page 2
Charlty R•gl•trdtion No. 1151874 Company Reglgtration No. 07832926 PERSONAL SUCCESS TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Publlc Bonefit Stsloment In ¢on5Klering the objectives and adivities. the Trustees have considered the Charity Commission's guidance on Public Benefit to ensure that the organi$alion is meeting its Public Benefit requirements. ACHIEVEMENT8 AND PERFORMANCE 11 has been an ex¢lting year for Personal SuGc•ss. We have been growng from strength to strength since our establishment in 2011. The Board of Trustees has been WOTking tirelessly to ensure that we dellver and sustain our collective aim and objectsves to advanced edu¢ation for local people in Liverpool, especially the most deprived. From 2011-2023 we have supwrted over one thousand people in their educational attainment and achievemenis. For the National curriculum subjects.. Mathematics, English Language, Physics. Chemistry and Biobgy, all of our students achieved one or more levels higher than predicted in their actual grades. In respect of this, in addth.on to the singular intervention and ntributiOn of Personal Success we acknowledge mainstream schools have a part io play in this improvement. The parents and carers have provided positive feedback about Personal Success, contribution to theif children's education in the recent years. Students also commented posib'vety about the impact of Personal Success and this has been captured through interviews and questionnaires find out. how our aclivikn'es are impactin9 on students. educational attainment. Our renI GCSES, result spoke for itself. About 42 students that access our provision aGhieved some level of education improvement based on Iheir ability. This success would not have been achieved without the support of our Funders suth as, Workers Educational Organisation. LCVS and partners. Award for all lottery.. Also Parents, ¢ontributions. stakeholder support, volunteers and non-Teaching staff who support our values and aspirations. We grateftjlly a¢knowledge all of their contribution5. In the area of Adult education, especially in the area of employability, we entered into it as a relative. Newrner. However, we are now recognised as one of the outstanding centres that provtyje skills for. Jobs in Soulh Liverpool. We are unioue in our proVisn as individuals from over 23 nationalities accessed our services in 2015-2021. This would not have been possible without the support of our partnèrs especially WEA, LCVS, Torus Foundations and ESF. Page 3
Charfty Registration No. 1151874 Company Registration No. 07832926 PERSONAL SUCCESS TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 We have been running courses successfully for WEA for over 10 years., such as.. 1 Ernployabilrty 2 Cultural Cookery 3 Sewing 4 Community Interpreting Courses L2 S Life inthe UK 6 Driving Theory Test 7 Mentoring course 8 Functional skills- Maths 9 English Language for professionals 10 IT 11 English as Second Language {ESOLI 12 Number Made Easy 13 Community Interpreting Courses L1 14 Seeker to Cibzenship Courses 15 Health and Sociological care L2 & L31 Highfield Awarding body) 16 Safety At work L21 Highfield Awarding body) 17 Food safety L21 Highfield Awarding body) 18 Se¢urity Training (Huhfield Awarding Body ) 19 Child Minder courses ASDAN Awarding Body A5¢enti$ Awarding Body Ascentis Awarding Body Ascentis Awarding Body We have benefited enonnously through our partnership with WEA and JCP which we feèl has been a '1 win" relationship as we have enabled them to access students who were hard to reach for them but assessible for use. Impressivety. over 900 people have completed WEAJJCP Courses. Blackbum House and Granby Trust Developmènt courses wrth us in past years. and presently, we are over subscnbed to the level that we cannot accommodate the demand. Presentty, over 80 students are on the waiting list of which 30 of them were to regisler for ESOL. Another key strategic partner for Personal Success is John Moore Foundaltons and eduk8. Presently, we are now njnning accredited courses at NVQ level this includes Health and Social Care, Customer Service and Security Training courses. This has been another way lo generate some funds. through delivering the training for them as their local partner for Merseyside area. The major challenge to Personal Success is shortage of funds to carry out our acb'mties. Page 4
Charity Reglstration No. 1151874 Company Registratlon No. 07832926 PERSONAL SUCCESS TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Another important challenge is to maintain our strategic relationship with WES which has been vltally Important There are indlcations that this could be at risk due to external funding constraints from WEA. It is urgent that Personal Success explores avenues to find continuing support for this provsion. This has been successful so far, as we are in partnership with life college in Birmingham and a local organisation at Blackburn House and which relations have been productive. The impact of COVID-19 on our services 15 huge, thi5 includes the reason for relocation, which created a redurtion in student intake. In addtion, this has had an Impact on funding. COVID-19 also enabled us to adopt online training for our SeiCe and hence which has led to a better environment for our students. Plans for Future Perlods Looklng ahead, the priorities for 2024-2025 are to raise enough funds in order to meet our immediate demand. We will encourage more local people to come forward to join Personal Success and together we will achieve our aim and aspiration by makin8 education, trainin8 and employability support open and accessible to all. We are now registered with awarding bodies. They are Highfield Awarding Body for compliance, ASDAN and Ascentis awardin8 body. We are now running other courses like Food and Safety, Security Tralnin8, Health and Social Care and Teaching and Learnin8 UP to Level 3 wlll be now be included in our courses. The coming year we intend to set up an Agency wing of our SeiCe, so that most of the students will be employed by us and send to employers in the areas like health sectors and cleaning operab'ves. This will enabe us to be more sustainable and avoid totsl deFendency on funding. As we wll be struggling to raise funding, Exècutiive Direct will now be sent ft)r training in Management skills and bid writing. FINANCIAL REVIEW Incoming re$our¢es for the year £49,606 cOMpad to12022". £43,641}, This was an increase due to a significant improvement after COVID-19 era. Expenditure for the year was £48,446 2022." £32,775) At 30 November 2023. the Charrty's reserves stood at net surplus of £1,160 (2022.. £10,866), the Net Assets £10,34912022'. £22,546). However, debtors of £13,357 were not realised in the year to 2023. The Trustees a aware of the current financial position of Personal Success. They will be continuing with fundraising and seeking r1 contractslgranls, as applicable, in order to mitigate risk. RESERVES POLICY The Trustees aspire to having free reserves at a level that would cover 3 months running rJ)sts. Page 5
Ch3rrty R•glstr¥tion No. 1151874 Company Raglstratlon No. 07832926 PERSONALSUCCESS Ind•pendent Examlner's Rèport to thèTrustees for the year ended 30 November 2023 I report on the accounts for the year ended 30 November 2023. RespÈtil¥e responslbllltles of trustees. member5 and examlner As the charity members you are spOnsIble forthe preparatlon of the accounis.. you consider that the audit requ1Ment of sectSon 43121 of the Charities Act 1993 Ithe Act) does not apply. It 15 my responsibilityto state, on the basis of procedures specrfled in the General Directions given byThe Charity Commissioners under section 4317IIBI of the ACL whether particular matters have come to my attention. Basls of independent emmlner's rèport My examlnation was carrfed otrt in accordance with the General Directions given by the Charity Commissioners. An examlnation include5 a revlew of the accounting records kept by the charity and a comparison of the accounts presented with those records. a150 includes consideration of any unusual iterns or dlsclosures in the accounts, and 5eekin8 explanations from you a5 trustees concerning any such matrers. The procedures undertaken do not provide all the evidence that would be required in an audtt, and consequently I Ilo not express an audit opinion on theview given by the accounts. Independtnt eMamlnee5 ststement In connertk>n wlth my examlnatlon. no matter hos come to m¥ attention: 111 which 8Nes me reasonable cause to believe that In any material respect the requlrements to keep CDUntin8 records in accordance with settlon 41 of the Act- and to pPa accounts which accord with the accounting records and to CoMY with the acCOntIng reouirements of the Act have not been met- or 121 to which. in myopinion. attention should be drawn in orderto enable a proper understandlng of the accounts to be reached. Date: 103 CWC Con5ultsnts Ser¥lce clo Hl8h Parkstreet Toxteth England L8 8DX
Ch•rfty R•glstrJtiM 1161874 CO4NY R•glstr•Uon No. on32926 PERSOPIAL SUCCESS Ststement of Flthandal £iivtlles forthe ye•r ended ao November 2013 Resvltted funds 2023 Totsl fvnds Total Iromlni resource5 1ncomln8re5our from gerated funds.. VoluntarylncomÈ: Main Grant- Lottery monies Workers Educational Income Communlty FDundation Torus Foundation National Herttage income Jthn Mooies Foundaiion Bank Interest reteivable Women rr Other income io.rn) 18,855 io.rxK) 18.855 7.280 6,964 2,466 5,000 294 294 ii,Tro Otherlncome-wlback CIF Grant Totsl InrnIn8 re50urtts 13.457 2,1Tr) 49,60fj 13,357 2.1 49A06 43,641 Resourees expended 6.725 5.165 591 35.665 3(X) 48,446 6725 5,165 591 35,665 3W 8,851 3,243 695 19.146 Trustees costs Deprec13tion AdminstratiVeexnseS G¢)vemante costs Total r¥ourtesexpended NetlrKownlntl•ut8oln8 resouyt beforetraD5fers Grossttansfers between funds 1.160 ,366 ReconCilYat of fvnds Totsl funds brought forwa 22,546 113,3571 22,546 113.3571 11,680 Totsl funth canitd forward 10.349 10,349 .546
Charity R•gistAtion No. 1151874 Company Registration No. 07832926 pERNAL SUCCESS Balance Sheet as at 30 November2023 2022 Fl¥ed •ss¢ts Tangible assets 3,358 3.949 3.358 3.949 Current a55ets Debtors Cash at bank and in hand 13,357 6,080 19.437 8,525 8.525 Creditors: •iiiounts falling due vjithin om¢ year 11,5341 6,991 19401 Netcutrent Illabilruesllassets 18,597 6.991 10.349 TOTALASSEf5 LADS CURRENT LIA8IUTIES NET ASSErs 22,546 Income frjnds Brought forward Aiustments to debtors b/fwd Surplus forihe year 22.546 -13.357 1,160 11,680 10.866 Totsi charlty fund5 10.349 22,Yfj Apwoved bythetrustees on... nd signe thelr behalf bv.. Morufv Bobot¥nde Bello Trustee Pugee
Charity R¢gistf8tlon No. 1161874 Comparry R•glstration No. on32926 pERSONALSUcS Notes to the financlal statement5 forthe year ended 30 November 2023 l. Accounting polfjdes lal 515 of preparatbon The financlal staternents have bÈen prere underthe histor cost convention. The flnanclal staternents have been prepareil in accordance with the Staternent of R0MMended Practice.. A¢cDunting and Repon£ byChartUes1SORP 200SI Issued In March 2005, and applicable UK Accountlng Stsndards and the Charities Aci 2011. The finanoal 5tstements have been prepared on a Boing concern basts that assumesth the tharity wlll ¢ontinue to receive the support of its b4nkers. tredltors and funders. The charity 15 aware of the deficit incurred and is in the process of addressing thls Includlng actlons to se£ure more fvnding and implernentefflclency strategies. Ibl Funds structure Unrestritted incorne fund5 comprise those funds which the trustees are free to use for any purpose infvrtheran of the charitable objects. Unrestrirted lunds include all funds that the trustees use at thei¥ disuetion, and have ser aside resource5 foT a specific purpose. Icl thcomln8 resour$ All incoming re50urce5 are irKluded in the statement of financlal aaivlties when the chaftty is enltled to the incorne and the amount can bÈ quantified with reasonable accurncy. The following spe¢ifit politles are applied to rtICUlar categories of income.. Voluntsry Income is e1Ved byway of grants, donations artd 'ft5 and Is Included In fvll in the Statement of financial adivitiES when receivable. Grants where entitlernent is not conditional on the delivery of a specific performance by the charity, are reio8nised when the charity becomes unconditionally entitled to the granL Donated servlces and facilitle5 are Included at the value to the¢hafity where this can be quèntlfied. The value of services provlded by volunteers ha5 not been included. Grants, Includlw 8rants for the purch4se of fixed assety are recoBnlsed In full In the st4temÈntof finan£lal activliies In the year In whlch they are recelvable. Id IResourtes èxpended E¥penditufe is recoEni5ed on an actual basis as a liability 15 incurred. Expelture include5 anyVAT which cannot fully recovered. and is reported as part of the expenditure to whlch it relates. le I Charitable activities Charitsble expÈndlture £ornprises thosÈcosts incurred bythe tharity in the deliveryof its actlvltles and seThices for its beneficiaries. It includes ix>th Costs that Can be allocated direct10 swh attltIeS and ihose costs of an indirttt nature necessary to supportthe lfj T•n8iblefiMed •$sets •nd depre¢i•tioty TangIbfiXed assets otheithan freehold land are stated at C05t or valuation le55 depreciation. Depreclation Is provided at rates Calculated to wrtte off tost orvaluation th estlmated residual value of each ssetover its expected ul life, a5 follows.. Computer Equipment Flxrures, flttings & Equlpment (glTaxation 15% stralght line IO% straight line b351S The charity benefitsfrom vario5 exemptions from taxation afforded bvtsx legiatron and is not liableto corwr4tion tax on income or gains falling within those exemptions. Ptye9-15
Chadty R8glstration No. 1151174 Company Ro9l$tralion Ng. ts7832926 PERSONALSLICCESS Notes w the ftDaDdal rtatements for theyeai ended 30 Na¥embÈr2023 l. Fuods Uorestrirttd funds R05tr1ded funds Totsl 2023 Total 2022 Voluntayln£Mie: Maln Grnnt- Lottery monles Worker5 Educatlonal Income Community Fcundatioft Torus Foundation 14atyonJl HÈwitage Income john MooresFoundètion wornenTt Other incorne other1rm- Wèck debtors 10,1 18.855 lo,0 18,855 7,280 6,964 66 S.LK)O s,wo 294 13.357 13,357 CIF Grant Llv&rpJol CC eank Interest Dl¥ertors loan5 2,100 2.100 1¥770 49,606 43.641 3. Bank Interest JL ResourcesexpethdÈd Llnre5trlCd Reslrkted lunds ds Total Trtal ActItieS ufidertaken dlrectly 48.446 48.446 32,77S 48,446 48.446 32.775 2023 2022 2023 Totsl resourw exp¢nded D•prgdollon Othpr costs Totsl Total DeprlatIO fjovemante tosts & S91 300 591 300 695 940 891 Govemoncemsts include5 paymentsto the accowtsncy fees of £3tKJ."12022.. £8501
Charlty Registration No. 1151874 Company Registratlon No. 07832926 PERSONAL SUCCESS Notes to the Financial Statements For the year ended 30 November 2023 5. Trustees None of the trustees lor any persons connected with them} received any remuneration during the year and none ofthem was reimbursed expenses. 5. Tangible fixed assets fixtures, Fittings & Equlpment Computer Equipment TOTAL Cost At l December 2022 Additions 3,766 3.280 274 3.280 At 30 November 2023 7,046 274 7,320 Depreclation At l December 2022 Charge for the period 3.130 587 241 3,371 591 At 30 November 2023 3,717 245 3,962 Net Book Values At 30 No¥ember 2023 3,329 29 3,358 At 30 November 2022 3,916 33 3,949 6. Credltors: Amounts falling due wlthin one year 2023 2022 Accruals 1,534 3LN) 1,534 150
Company Reglstration No. 07832926 Charlty R¢glstration No. 1151874 PERSONAL SUCCESS DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2023 {This page does notform part of the statutory tinanclalstatementsl 3011112023 3011112022 INCOME JJni¢sttlotod RostticlR Incomlng Re5tsurcesfrom Generated Funds Maln Grant- Lottery monles Workeis Educational Community Foundatlon Torus Foundation National HeritaEe John Moores Foundation Women Bank interest LCVS Other income Other trading income wlhack CIF Grant 10.000 18.BS5 7.280 2.466 9.680 5,000 480 5,000 11,770 294 13.357 2,100 49.606 43,641 Re$our¢es expended Charitsble activities 7.310 12,094 7,310 12,094 Admlnlstratlve Expense$ Trustees costs Recruilment cost5 Tutor expenses Stsff salarles Staff expenses Admlnlstratlve work Volunteer expenses Tralnlng Offsted NFCE Qualsafe Renl 5.165 5,249 5,025 4,133 315 1,597 250 1,202 114 I,ioo 540 5,069 29,759 ESOL TTalnlng 150 H Mohamu(i 8,513 8,663 Ifd
onfd Company Registratlon No. 07832926 Charity Registratlon No. 1151874 PERSONAL SUCCESS TrE[AILEPJNQQMRAEXPEt1lTLIRLA&c]LIHLYEAEP1EDjNOllElEufj23 29.759 8.663 Traln 2 Succeed Evaluation Computer sofNare. consumables and maintenance Insurance AdvertlslnE anij HFL Exhlbition prinng, postage statlonery Telecommunicatlons and data costs Website costs Accountancy lees Consultatlon fees Bank charges Depreciatlon- Flxtuie5 and fittings - Computer eouiptT]ent Sundry expenses 1.200 1,500 1.000 793 2.372 1.204 817 1.673 476 771 737 4.712 605 394 ioi 2,000 113 591 800 41.136 691 20,681 TOTAL EXPENDITURE Netincomlng/outgoing resources before tmn5fvrs Recontiliatltsn of funds Total funds bmughtfonvard 1,160 10,866 -13.357 22.545 11.680 SURPLUS/DEFICITcarrlodfonwdnl 10.349 22,546
Company Reglstratlon No. 07832926 Charty Rogistratlon No. 1151874 PERSONAL SUCCESS DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2023 IThls page does not form part of the ststutory tlnanclal statements) 3011112023 3011112022 INCOME Untft5tt1Gted Restrlcte Incomlng Resources from Generated Funds Main Grant- Lottery monies Workers Educational Community Foundation TorLbS Foundation National Heritage john Moores Foundation Women Bank Interest LCVS OtheT Income Other trading Income wlback CIF Giant 10.000 18,855 7.280 6.964 5.000 5,000 11,770 294 13,357 2,100 49,606 43,641 Resources expended Charitable activities 7,310 12,094 7.310 12,094 Admlnlstialfve Expenses Trustees costs 5,165 5,249 5.025 4.133 315 Recruitment costs ESOL Training 150 Tutor expenses Staff salaries Staff expenses Administrative work Volunteer expenses Training Offsted NFCE Quatsafe Rent ¢lfd H Mohamud 1.597 250 1,202 114 i.ioo 540 5,069 29.759 8,513 8,663
Cont'd Cornpany Registration No. 07832926 Charlty Rogistration No. 1151874 PERSONAL SUCCESS 29,759 Train 2 Succeed Evaluation Computer soffvlare. consumables and maintenance Insurance Advertising and HFL Exhibition Printing, postage and stationery Telecomrnunications and data costs Website costs Accountsncy fees Consultation tees Bank charges Depreciation - Fixtures and fittings - Computer equipment Sundryexpenses 1,200 1,500 1,000 793 2.372 1.204 817 1,673 476 771 737 4.712 605 394 ioi 2,000 113 591 800 41,136 691 20,681 TOTAL EXPENDITURE Net Incoming/outgoinq resources before tronsftr5 Reconcluatlon of funds Total funds broughtlonvard 1,160 10,866 -13,357 11,680 SURPLUS/DEFICITcarri•d fonvanl 10.349 22.546