Company Registration No. 08727717 Charity Number 1155389 PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Financial Statements Year ended 31 March 2025 CONTENTS PaEe Members of the Board and Professional Advisers Trustees, Annual Report Independent Auditors. Report 8-11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 14-27
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Members of the Board and professional advisors Registered Charity Name Pure Insight 1628 Company Registration Number 08727717 Charity Number 1155389 Registered Office Galleon House Newby Road Hazel Grove Stockport Cheshire SK7 5DA Board of Trustees Mrs S L Watkin Mrs J Bagchi Ms L Rogers Mr D Zucker MrSAnkers Mr A Allman Auditors Mitchell Charlesworth {Auditl Limited Registered Auditor 3, Floor 44 Peter Street Manchester M2 5GP Bankers Co-operative Bank plc St Peters Square Stockport SKI INX
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 The trustees are pleased to present their annual trustee5' report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191" Objertives and activities The CharItS purpose is specifically restricted to the relief and a5515tance of children and young people in need including (without limiting the foregoing) by providing support. activities or advice which develop their capacity, skills, capabilities and economic and emotional wellbeing in such a way that they are better able to identify and help meet their need5 and to participate more fully in society. Trustee Rellections It has once again been a challenging year for charities including ourselves at Pure Insight. A change of government can create times of instability. delay and drift. However. it can also be a time of optimism and change. We are also now approaching a year under a new government and awaiting their first piece of legislation that will impact on the people we support. We hope that the Children's Wellbeing and Schools Bill will address some issues around inequality and support given to a highly vulnerable group. We were pleased to hear an amendment in the bill to extend corporate parenting responsibilities to other government departments. We look fOard to seeing the impact of this and hope it improves opportunities. We have also been pleased in seeing the DfE recognising the importance of mentoring and financially supporting various projerts nationally, of which we have been part of. However, we are always aware that more can be done. That is why as a charity starting off with a core offer of mentoring, we have grown to offer additional services and support such as help with well-being, participation and facilitating social activities to care experienced young people We are working in a time of financial insecurity with many local authorities themselves struggling and orb the brink of bankruptcy. ITV news reported that 63 English councils could declare for bankruptcy in the next year. A strength of Pure Insights work is supporting young people to Erow. make connections and build a community to not rely on acute services into their adulthood thus reducing spendinE on the public purse. Whilst at the same time becoming young adults that are achieving and making positive contributions to their communities. Being care experienced and faced with inequalities is incredibly tough. Care experienced young people are still highly represented in areas of concern such as homelessness, the criminal justice system and early deaths. We continue to highlight the systemic issues they face but also the successes that this wonderful group of young people achieve. As a charity that is over 11 years old we have an evidence base that the work we do has a positive impact on the people we have contart with and are grateful to the funders and local authorities that we work with that help to make this happen. If you are reading this report as a donor and supporter of Pure Insight, we hope you will enjoy reading about this last yearfs achievements and want to thank you for your dedication and generosity to care leavers through supporting our initiatives. For those new to our charity, we invite you to join us on this journey to rewrite the story for care leavers in your area. Sam Ankers Trustee
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 Icontinuedl Pure Insight delivers a range of projects providing practical and emotional support to young people who have left or are about to leave statutory care alongside Local Authorities in the North West. Our projects address a range of serious issues including homelessness. loneliness and isolation. poor mental/physical health, exploitation, adverse childhood experiences and lack of opportunities. We provide opportunities for young care leavers to develop skills, confidence, talents and support networks in the local community. Our approach is strength based and collaborative, creating opportunities for care experienced young people to thrive by creating pathways to connection, belonging and purpose. We focus on stage, not age, so care-experienced young people can return for support up to the age of 28 when they are ready to make changes in their lives or there are opportunities to join our volunteer and staff team. Our current service offers include long-term community mentoring programmes, intensive support for care experienced young parents, peer support groups, outdoor group wellbeing activities. volunteering and training. We also deliver bespoke employment support and targeted trauma infoned mental health provisions and collaborate with other specialist providers to get better outcomes foryoung care leavers. We follow trauma informed principles of safety, trust, choice, collaboration and empowerment. Our 'Experts by Experience, group and Influencing activity amplifies young people's voices on a local, regional and national level, improving service provisions, 5yStem5, and informing commissioning and policy makers. We involve our young people in everything we do from recruitment and training to the design and delivery of projects. At the heart of our trauma-informed organisation are honest. trusting relationships that define everything we do. When a young person joins us, we start by offering them a safe space to share their experiences, hopes, and challenges. We listen to what's important to them, what's happened or is happening in their lives, and the unique skills and talents they possess. Our strength-based approach. supported by prartical tools, helps young people identify their aspirations and set achievable goals. Together, we break these goals into manageable steps. determine the support and resources needed, and clarify their role in this journey towards living their best life. Pure Insight understands that care experienced young people's journey to adulthood is a gradual process, encompassing challenges like securing stable housing, pursuing education or employment. overcoming mental health challenges and adverse childhood experiences, and developing crucial life skills. and we emphasise the importance of long-term support. Short-term support may provide immediate relief, but sustained collaboration is essential for addressing underlying issues. developing independence. and ensuring that care leavers have the resources. networks and skills needed to navigate the complexitie5 of adult life Successfully. Our recruitment process prioritises our core values of . Integrity . Belonging . Courage alongside the diverse skills and knowledge required to provide a wraparound offer, seekinB individuals who are resilient, passionate, and empathetic. We look for people who can walk alongside others to find sensible. sustainable solutions. We are proud to have a growing team of dedicated, skilled, kind-hearted individuals who understand the needs of our young people and many who generously volunteer their time. Public benefit statement The trustees have paid due regard to guidance issued by the Charity Commission in deciding what attivities the charity should undertake. The trustees are clear that the purposes of Pure Insight 1628 are carried out for public benefit. They have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the purpose and objectives and when planning future activities. The trustees consider how planned activities will contribute to the aims and objectives they have set.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 Icontinuedl Achievements and performance Annually we support over 500 young care leavers laged 16- 281, and over 150 of their children through whole family support in the Greater Manchester and Cheshire areas. A significant and growing proportion of the young people we support face complex issues, increased vulnerabilities, high risks and barriers to accessing traditional services. They require assertive outreach support, delivered over the longer term - which many services are unable to provide. The work we deliver through targeted outreach projects, leads to outcomes including- Decrease in levels of reported loneliness and isolation through developinE support networks, friendships and belonging to a group Improved mental health - with more skills and knowledge to self-manage mental health/emotional distress. Improved access to mental health support - through outreach emotional wellbeing services and trauma informed counselling Improved self-efficacy and ability/capacity to live independently Increase in young people maintaining a tenancy and a reduction in tenancy issueslevictions and homelessness Improved parenting skills and a redurtion in care experienced parents experiencing crisis or having children taken into care Increase in securing and sustaining education, employment, training and volunteering Increased take-up of positive activities and a redurtion in antl-social and offending behaviour Increased economic wellbeing as a result of securing the right financial support. tackling debt, and reducing sanctions Decrease in reported levels of Substance use and other unhealthy coping strategies. Our Impact Report April 2024- March 2025 is included after page 27. Finance Review The income for the year has increased from £899k to £1,174k. This is due to the amount of grant income in the year increasing from £852k to £1,104k. In the year the charity has achieved a surplus of £76k. this takes our unrestricted reserves to £401k and restricted reserves to £290k. Investment powers and policy Currently, available funds are held in two bank accounts. However, as the charity continues to grow and remain profitable, it is anticipated that funds will need to be potentially spread across a range of other suitable financial institutions in order to reduce financial risk and to seek the best return for the money held on deposit. Risk Management The Executive Management Team review major risks to which the charity is exposed. These reviews will be updated at least annually. Where appropriate, systems and procedures have been established to mitigate the risks the charity faces. External risks to funding have led to the development of a strategic plan which will allow for diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients and visitors to the charity- The contrarts and service level agreements with the charity's partners provide for regular review of the quality of service delivered. Quality standards have been established that meet or exceed the contractual commitments.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 Icontinuedl Plans for the future Pure Insight's strategy April 2024- March 2026 is to- Maintain a culture of safety, trustworthiness, choice. collaboration, and empowerment Ensure the sustainability of our services Grow our offerto reach more Care experienced youn8 people Share best practice models that have high impart and could be replicated Keep lived experience at the heart of everything we do and amplify care experienced voices to influence provision and policy. Our top three prioritie5 for the coming year are Participation and Influence.. We are committed to amplifying the voices of care-experienced young people by sharing their insights on what works and by employing a Participation and Influencing Lead to build on our participation work, creating clear pathways for meaningful, inclusive involvement. We will develop future leaders- ensuring young people shape both our services and wider systems. We will continue to build strong connections with key policy advisors and decision- makers to inform and improve both local and national provision. Enhancing the Volunteer Journey.. We will strengthen volunteer impact by investing in support, development, and recognition-maximising the incredible talent. skills, and dedication within our community network. Expanding our seryices and building relationships With new local authorities to address the increasing number of teenagers entering care, the rising population of unaccompanied asylum-seeking children, and the growing group of young people facing additional challenges due to criminal exploitation or cycles of offending. Pure Insight is currently operating in Stockport, Cheshire East, Salford, Warrington and Halton. Recognised as examples of best practice in the recent Independent Review of Children's Social Care, Pure Insight's Mentoring and Psychological Wellbeing Services remain a core part of our offer to care leavers. Inde endent review of children's Social Care: final re ort-GOV.UK ov.uk "helping care leavers build o network. (page 194) -Achieving better mentol heolth outcomes for core leovers will form port of the Notional Children's Social Core Fromework. ond bestpractice should build upon existin9 work done by orgonisotions such os Pure Insight, which provide a psychological wellbeing seThice and counselling seiCe to young people and care leovers.- (p221J We eagerly anticipate government action to implement the 'Stable Homes, Built on Love, strategy, with a particular focus on improving health outcomes and life expectancy for care-experienced young people. We hope this provides further opportunities to collaborate with Integrated Care Boards to provide enhanced, specialised services for care leavers. Strurturei governance and management Pure Insight 1628 is a company limited by guarantee. It was incorporated on 10 October 2013 and registered as a charity on 20 January 2014. The company has been established under its Memorandum of A550ciation which defines the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, its members are required to contribute an amount of £1 each.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 Icontinuedl Directors and Trustees The trustees, who are also the directors for the purpose of company law. who Seed during the year and up to the date of signature of the financial statements were- Mrs S L Watkin Mrs J Bagchi Ms L Rogers Mr D Zucker Mr S Ankers Mr AAllman Key management personnel: Principal staff Charity Founder.. Ms S Sturmey Appointment and reappointment of Trustees Under the requirements of the Memorandum and Article5 of Association the trustees are elected to serve for a period of three years. after which they must be re-elected at the Annual General Meeting. Trustee induction and training Existing trustees are already familiar with the practical work of the charity and have received a detailed induction. Additionally, new trustees, when invited to join the board. are provided information to familiarise themselves with the charity and the context within which it operates. These cover: The obligations of the trustees The main documents which set out the operational framework for the charity including the Memorandum and Articles of Association Resourcing and the current financial position as set out in the latest published accounts. An induction pack has also been prepared drawing information from the various Charity Commission publications signposted through the Commission's guide 'the Essential Trustee. as a follow up to these sessions. This is distributed to all new trustees along with the Memorandum and Article5 of Association and the latest financial statements. Feedback from the trustees following their induction has been very positive. Governance An extensive range of business and caring skills are well represented on the Board and a full range of trustee skills has been sought in order to manage the operations of the charity to best effect. Pure Insight has a board who meet every two months and who are responsible for the strategic dirertion and policy of the charity. At present the Board has four members from a variety of interests and professional backgrounds relevant to the work of the charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Charity Founder along with other members of the Management Team. They are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The charity founder also has responsibility for the day-to-day operational management of the company, individual supervision of the management team and also ensuring that the team continues to develop their skills and working practices in line with good practice.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Trustees. Annual Report Year ended 31 March 2025 Icontinuedl Statement of Trustees, responsibilities The trustees, who are also directors of Pure Insight 1628 for the purpose of company law. are responsible for preparing the Trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Prarticel. Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them conslstently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going cOnrn basi5 unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditors A resolution proposing that Mitchell Charlesworth (Audit) Limited be re-appointed will be put at a General Meeting. Statement as to disclosure to our auditors In so far as the trustees are aware at the time of approving our trustees. annual report= There is no relevant information. being information needed by the auditor in connection with preparing their report, of which the compan¢s auditors is unaware- and The trustees. having made enquiries of fellow directors and the auditor that they ought to have individuallv taken, have each taken all steps that they are obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Signed by order of the Trustees Mr A Allman Trustee Dated: 0810612025
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Independent Auditor's Report to the Members of Pure Insight 1628 Year ended 31 March 2025 Opinion We have audited the financial statements of Pure Insight 1628 for the year ended 31 March 2025 which comprise of the Statement of Financial Activities. the Summary Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunrted ngdoM GeneralWAccepted Accounting Prarticel. In our opinion the financial staternents= give a true and fairview of the state of the charitable company's affairs as at 31 March 2025, and of its incoming resources and application of resources. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatinE to going concern In auditing the financial statements, we have concluded that the trustees. use of the Boing concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sertions of this report. Other inforrnation The trustees are responsible for the other information. The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the rinancial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misststement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this Other information, we are required to report that fact. We have nothing to report in this regard.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Independent Auditor's Report To the Members of Pure Insight 1628 Year ended 31 March 2025 Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2CK)8 require us to report to you if, in our opinion- the information given in the financial statements is inconsistent in any material respect with the trustees, report. the charitable company has not kept adequate accounting records,. the financial statements are not in agreement with the accounting records and returns- we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities Statement the trustees (who are also the directors of 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 control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable compan¢s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial ststements We have been appointed as auditor under section 144 of the Charities Art 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non- compliance with laws and regulations are set out below. Extent to which the audit was considered capable of deterting irregularities. including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufricient and appropriate to provide a basis for our opinion.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Independent Auditor's Report To the Members of Pure Insight 1628 Year ended 31 March 2025 Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with the laws and regulations. we considered the following- the nature of the sertor, control environment and business performance. results of our enquiries of management about their own identification and assessment of the risks of irregularities. any matters we identified having obtained and reviewed the charitws documentation of their policies and procedures relating to the identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance. Deterting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud and the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matter5 discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures. we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to the timing of the recognition of income. In common with all audits under ISAS IUKI, we are also required to perform Specific procedures to respond to the risk of management override and we identified risk in relation to the posting of unusual journals and the manipulation of accounting estimates. We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of those 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 considered in this context included Safeguarding, Accounting and Reporting by Charities- Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191, the Financial Reporting Standard applicable in the UK IFRS 1021, and the Companies Act 2(KJ6. In addition. we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty- These included Data Protection Regulations. Audit response to risks identified As a result of performing the above. we identified the recognition of revenue as the key audit matter related to the potential risk of fraud. In addition to the above, our procedures to respond to risks identified included the following.. reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a dirert ettert on the financial statements,. enquiring of management and members of the board concerning artual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud: reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities where matters identified were significant,. and in addressing the risk of fraud through management override of controls. testing the appropriateness of journal entries and other adjustments: assessing whether the judgements made in making accounting e5timate5 are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Independent Auditor's Report To the Members of Pure Insight 1628 Year ended 31 March 2025 We also communicated relevant identified laws and regulations and potential fraud risk5 to all engagemerbt team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- http-//www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable companws trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company s trustees as a body. for our audit work. for this report. or for the opinions we have formed. 0910612025 Alison Buckley (Senior Statutory Auditor) For and on behalf of Mitchell Charfesworth IAudit) Limited 3rd Floor 44 Peter Street Manchester M2 5GP Statutory Auditor Mitchell Charlesworth (Audit) Limited is eligible to art an auditor in terms of section 1212 of the Companies Art 2006.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds Funds Funds 2025 Funds Funds 2024 Note Income Donations and legacies Grants and donations Other trading income Investments 22.405 1.754 23.529 24.178 22.405 1.103.772 23.529 24.178 12,708 63,985 11,901 21.819 12,708 852,198 11,901 21,819 1.102.018 788,213 Total income 71,866 1.102,018 1.173,884 110,413 788,213 898,626 Expenditure Charitable activities 1.754 1.096.220 1.097.974 66,033 780,106 846,139 Net incoming resources before transfers 70,112 5.798 75,910 44.380 8,107 52,487 Transfers between funds Net movement of funds for the year 70.112 5,798 75,910 44.380 8.107 52,487 ReconciliatiTon oAfunds Total funds brought forward 330.806 283.961 614.767 286,426 275.854 562,280 Total funds carried forward 4(N).918 289.759 690.677 330,806 283,961 614,767 The Statement of Financial Attivities includes all gains and losses in the year and all income and expenditure derive from continuing activities. The notes on pages 15 - 27 form part of these financial statements.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Balance sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets io 23,373 Current assets Debtors Cash at bankand in hand li 118.950 687.478 57,888 592,914 806.428 650,802 Creditors". Amounts falling due within one year 12 {150,6311 159,4081 Net current assets 655.797 591,394 Total assets less current liabilities 690.677 614,767 Income funds Unrestricted income funds Restricted income funds 4(X),918 289,759 330,806 283,961 14 Total funds 690,677 614,767 For the year ended 31 March 2025 the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as this company is a charity. it is subject to audit under section 144 of the Charities Act 2011. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of section 386 of the Act with respect to accounting records and for the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 0810612025 These financial statements were approved by the trustees on by: and are signed on their behalf A Allman - Trustee Company Registration No. 08727717 The notes on pages 15 - 27 form part of these financial statements.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Statement of Cash Flows For the year ended 31 March 2025 Notes 2025 2024 Cash generated by operating activitie5 19 92,010 15,340 Cash flows from investing activities: Dividends, interest, and rents from investments Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets 24,178 21,819 11,901 113,2251 (21.6241 Cash generated by/{used inl investing artivities 2,554 20,495 Increaselldecreasel in cash and cash equivalents in the year 94,564 35,835 Cash and cash equivalents at the beginning of the year 592,914 557.079 Cash and cash equivalents at the end of the year 687,478 592,914
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Accounting policies Charity information Pure Insight 1628 is a private company limited by guarantee and incorporated in England and Wales. The registered office is Galleon House, Newby Road, Hazel Grove, Stockport, Greater Manchester, SK7 50A. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191". The charity is a Public Benefit Entity as defined by FRS 102. These financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Going concern The trustees continue to evaluate the charit*s ability to continue to provide services for the foreseeable future. this includes discussions with the charitrfs stakeholders, where appropriate, and a review of trading forecasts for a period of 12 months from the date of approval of these accounts. The charity continues to meet its financial obligations as they fall due and based on their consideration of all relevant information the trustees have a reasonable expectation that the charity will be able to continue as a going concern. Thus, the trustees are satisfied to continue to adopt the going concern basis of accounting in the preparation of the financial statements. Charitable funds General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are funds which have been allocated or designated for specific purposes by the charity out of unrestricted funds. Restricted funds are subject to specific restrictive conditions imposed by the donor or by the purpose of the contractlmonies received.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Accounting policies (Continuedl Income Income is the amount derived from the provision of goods/services and stated after trade discounts, other sales taxes, and VAT where applicable. Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met. it is probable that the income will be received, and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received. and the amount can be measured reliably and is not deferred. Grants are deferred to future periods only when this is specified by the funder or other preconditions of the fund are not yet met. Investment income is recognised on a receivable basis. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headinES- Costs of raising funds are the direct and indirert costs of raising funds for charitable purposes, including applying for grants. Charitable activities include expenditure associated with the provision of services at the visitor centres and include both the direct Costs and support costs relating to these activities. Support costs include central funrtions and have been allocated to activity cost categories directly where identifiable or on an estimation of time spent on the relevant projects. Other expenditure represents those items not falling into any other heading. Tangible fixed assets All fixed assets are initially recorded at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of the asset, less its estimated residual value. over their useful lives on the following basi5= Fixtures and fittings Motor vehicles 33.33% ofcost 33.33% ofcost The gains or losses arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net incomellexpenditurel for the year. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment Ios5. If any such indication exists, the recoverable amount of the asset 15 estimated in order to determine the extent of the impairment loss lif any).
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Accounting policies IContinuÈdl Cash and cash equivalents Cash and cash equivalerbts include cash in hand, deposit5 held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The charity has elected to apply the provisions of Sertion 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys Balance Sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Bosicfinoncial ussets Basic financial 35sets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amort15ed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discontinued at a market rate of interest. Financial assets classified as receivable within one vear are not amortised. Basicfinoncial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are Subsequently carried at amort15ed cost, using the effective interest rate method. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction prices and subsequently measured at amortised cost using the effective interest method. Derecognition offinunciolliobilities Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. Pensions From August 2017 the charity has operated an auto enrolment defined contribution scheme for all eligible employee5 in line with current legislation. Donations and legacies Unrestricted Funds Total Funds 2025 Unrestricted Funds Total Funds 2024 Donations and legacies 22,405 22,405 12,708 12,708
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Unrestricted Restrirted Totsl Funds Unrestricted Restricted Total Funds Funds Funds 2025 Funds Funds 2024 Grants and donations Awards for All CCF Grant Cheshire Comm Cheshire East Flourish Cheshire East Council Mentor Programme Steve Morgan Foundation CEF Bentley Christmas Activities Stockport Local Fund Albert Gubay Charitable Foundation Cheshire East Council Salford MBC The Henry Smith Charity Stockport MBC CWP NHS Foundation Trust The National Lottery Community Fund CENF Mental Health Spark Foundation Warrington Contract Cheshire East Living Tearn CC Foundation Warrington Edward Gosling Foundation CCF Fund it Forwards The Rayne Foundation Children in Need suYct- Shine a Light Vinci Foundation- Bikes Paul Hamlyn Foundation The Welland Trust Masonic Charitable Foundation Stephen Kelly Legacv Cheshire & Warrington LE Bruntwood Voilo Pay Amazon The Julia & Hans Rausing Trust Liverpool Foundation Dulverton Trust DFE Funding Segleman Trust Swire Charitable Trust CCF Match Fund Dorbor 20.000 20.000 2,000 2,0(H) 10,000 10,000 10,000 18,000 10,000 18,000 soo 2,000 6,015 18,000 500 2,000 6,015 105,000 67,500 73,333 60,000 95,894 20,000 105,000 67,500 73,333 60,000 95,894 20,000 67.500 79.999 60.000 95.895 67.500 79.999 95.895 74,575 15,000 74,575 15,000 72,870 72,870 300 84,000 loo 30,000 25.000 15,000 25,000 300 84,000 100 30,000 25,000 15,000 25,000 84,000 30,000 15.750 15.750 40.000 5,000 5,000 5,OtK) 5,000 15,500 34,001 50,000 40,CM)O 15.500 34,001 16,700 16,700 16,700 16,700 2,000 350 135 I,ocNJ 2,000 350 135 1.000 1.754 1.754 5,000 5,OCN) 15.000 35,000 316.599 15.000 35,(100 316.599 30,000 15.000 30,000 15,000 20,000 20,000 1,754 1,102,018 1,103,772 63.985 788,213 852,198
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Other trading income Unrestrirted Funds Total Funds 2025 Unrestricted Funds Total Fund5 2024 Earned income and reimbursements Profits on sales of fixed assets 23,529 23,529 11,901 11,901 Investments Unrestrirted Funds Total Funds 2025 Unrestricted Funds Total Funds 2024 Interest receivable 24,178 24,178 21,819 21,819 Charitable activities Total 2025 Total 2024 Client services Staff costs Depreciation and impairment Client related costs Secondment and salary recharge Healthcare IT costs Office expenses Training costs 877,569 10.117 105.049 655.985 9,033 80,561 660 11.586 71.246 15.602 1,528 10,346 63,665 19,901 1.091.829 841,019 Share of governance costs (see note 7) 6.145 5,120 1.097,974 846,139 Expenditure on charitable activities was £1.097,97412024.. £846,139) of which £1.75412024.. £66,033) was unrestricted and £1,096,22012024: £780,106) was restricted. Support costs Support Governance Costs Costs Support Governance Costs Cost5 2025 2024 Audit fees Accountancy fees 3.150 2.995 3.150 2.995 2,500 2,620 2,500 2,620 Analysed between charitable activities 6.145 6.145 5,120 5,120 Trustees None of the trustees lor any persons connetted with them) received any remuneration or benefits from the charity during the year.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 Employees 2025 No 2024 The average monthly number of employees during the year was= Charitable activities 32 26 2025 2024 Wages and salaries Social security costs Other Pension costs 789,883 61,544 26,142 590,344 43,981 21,660 877,569 655,985 No employees had emoluments in excess of £60.000 during this or the prior year. No charity trustees received any emoluments. expense reimbursements or payment for professional or other services during the year. The key management personnel of the charity comprise the tru5tee5 and the Charity Founder. The total employee benefits of the key management personnel are £65,98912024: £59,525). In addition, there is a strong team of volunteers that support services to local young people. No value has been attached to this volunteer time. io. Tangible fixed assets Fixtures and Fittings Motor Vehicles Total Cost At l April 2024 Additions Disposals 29.077 21.624 19,549 48,626 21,624 At 31 March 2025 50.701 19,549 70,250 Depreciation and Impalrment At l April 2024 Charge for the year On disposal 20,616 5,229 4.637 4,888 25,253 10,117 At 31 March 2025 25.845 9.525 35.370 Net bookvalue At 31 March 2025 24,856 10,024 34,880 At 31 March 2024 8,461 14.912 23,373
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 ii. Debtors 2025 2024 Amounts falling due within one year: Prepayments and accrued income Trade debtors 15.583 103,367 15,309 42,579 118.950 57,888 12. Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Deferred income INote 131 Trade creditors Accruals Other creditors 22,435 111,420 1,481 10,954 4,341 11,801 39,420 3,901 1,925 2,361 150,631 59,408 13. Deferred Income Deferred income includes £111,420 12024.. £39,420} which has been received in advance on time restricted contracts. 2025 2024 Balance brought forward Utilised in year Added in year 39.420 6,920 72,000 32,500 111,420 39,420 14. Analysis of charitsble funds- current year Analysis of unrestricted fund movements Balance at l April 2024 Incoming resources Resources expended Balance at Transfers 31 March 2025 Total general funds 330,806 71.866 (1,7541 400.918
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 14. Analysis of charitsble funds- current year i(ontlnuedl The income funds of the charity include restricted funds comprisinE the following balances of donations and grants held on trust for specific purposes. Analysis of restricted fund movements Balance at l April 2024 Incoming resources Resources expended Balance at Transfers 31 March 2025 Christmas Activities Steve Morgan Foundation Cheshire East Flourish Ma50nic Charitable Foundation Salford MBC The Henry Srnith Charity Stockport Local Fund The National Lottery Community Fund Spark Foundation Stockport MBC Warrington BC Cheshire Community Foundation Warrington Rayne Foundation Albert Gubay Charitable Foundation Paul Hamlyn Foundation Cheshire East Council Mentor Programme CENF- Mental Health CCF Fund IT Forwards Cheshire East Living Team Julia & Hans Rausing Trust SUYCT - Shine a Light Vinci Foundation Welland Trust Warrington Contrart Cheshire East Council Children in Need Edward Gosling CCF Match Fund Donor Liverpool One Foundation Dulverton Trust Awards for All Cheshire Community CCF Grant DFE Funding 2.137 (2,1371 (19,5001 (lo,0) 18,000 iO,l)(K) 2,889 4,545 34,750 277 16,700 79,999 (16,8061 {71,2121 (64,7501 12771 2,783 13,332 30,000 8.663 74.575 (62.7881 (i.ow) (106.415) 20.450 10.520 18,(KKI 95.895 18,000 7.500 8,333 (30.0) (8.3331 7.500 87,5tKI (51,6701 (23,8331 35,830 29,167 50,000 10,000 15,000 15,750 10,000 1,630 5,250 (13,3701 (15,5001 (iooi (5,000) {4,1361 {5,0001 {34.rJ)ii (63.0001 (67.5001 (40.0001 {9,2351 {20,IKIOI (15,lJOOI {3,7251 {13,3331 4.136 34,001 40.000 21.000 16.875 16.875 67.500 9.235 20,(K)O 15,000 35,000 20,0(K) 31,275 6,667 (2,000) (316,599) 316,599 Total unrestrlcted funds 283.961 1,102,018 (1,096,220) 289,759
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 14. Analysis of charitsble funds- current year i(ontlnuedl The National Lottery Community Fund Match funding our Mentoring Programme in Warrington and supporting our Care Experienced Parents Service in Warrington and Cheshire East. This is money raised to deliver activities over the Christmas period for care leavers who would otherwise be alone. Any funds remaining can be used for other artivities throughout the year as per our Just Giving statement. Christmas Activities Steve Morgan Foundation A project based in Crewe providing a service to Care Leavers in that area. Julia & Han5 Rausing Trust Funding to support our core activities primarily focussed in Cheshire East. Edward Gosling Foundation Supporting the wind down of our Trafford Service provision. Cheshire Community Foundation Supporting various artivities within Cheshire East. Paul Harnlyn Foundation Core funding to support our growth, sustainability and sharing best practice nationally. The Rayne Foundation Supporting our Psychological Wellbeing Service in Cheshire East. Masonic Charitable Foundation Supporting the delivery of our specialist services for Care Experienced Parents and their children in Stockport. Salford MBC Local Authority contract to provide Mentoring and Mental Health support to Salford Care Leavers. The Henrysmith Charity This fund is supporting the delivery of our Psychological Wellbeing Service in Stockport. Stockport Local Fund Supporting the delivery of our outreach offerto care experienced parents in Stockport. The Welland Trust Funding to specifically provide an Employment Service to care leaver5 in Stockport and Salford Stockport MBC Local Authority contract to provide Mentoring Services to care leavers in Stockport. Spark Foundation A grant awarded directly to support a young person Warrington BC Local Authority contract to match fund Mentoring and Mental Health Services for care leavers in Warrington. Albert Gubay Charitable Foundation To support the delivery of our Mental Health Services for care leaver5 in Warrington and Cheshire East. CCF Fund IT Forwards Funding supporting our Mentoring Programme in Crewe.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 14. Analysis of charitsble funds- current year i(ontlnuedl SUYCT- Shine a Light Supporting an independent group focused on highlighting the health inequalities of care experienced people. Vinci Foundation Enablin£ us to purchase bikes to support our group projects. CWP NHS Foundation Trust Mental Health Transformation Funding to support care leavers in Cheshire East with SMI on an outreach basis. CCF Match Fund Donor Supporting the delivery of our Mental Health services in Cheshire East. Cheshire East Flourish Supporting mentoring in Cheshire East. Cheshire East Council Mentor Prograrnme Supporting mentoring in Cheshire East. CENF- Mental Health Supporting mental health provision in Cheshire East. Warrington Contract To provide mentoring and psychological wellbeing services to care leavers in Warrington. Children in Need Supporting provision for 16-18 year olds care experienced young people. Liverpool One Foundation The advancement of Halton Young Care leavers, physical and mental health, wellbeing and safety through the development of our specialist services in Halton. Dulverton Trust Enabling us to extend our reach to more care experienced voung people and allowing care experience young people to thrive. Awards for All Our project will build social connections between care leaver5 from 16-18 year olds by developing an existing peer support activtty program. DFE Funding Supporting mentoring provision for care leavers in Cheshire East. Warrington and the development of a new service in Halton. 14. Analysis of charitsble funds- Prior year Analysis of unrestricted fund movements Balance at l April 2023 Incoming resources Resources expended Balance at Transfers 31 March 2024 Total general funds 286,426 110.413 166.033} 330,806
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 14. Analysis of charitsble funds- prior year (continued) The income funds of the charity include restricted funds comprisinE the following balances of donations and grants held on trust for specific purposes. Analysis of restricted fund movements Balance at l April 2023 Incoming resources Resources expended Balance at Transfers 31 March 2024 Christmas Activities Steve Morgan Foundation St james Place Ma50nic Charitable Foundation Salford MBC The Henry Srnith Charity Stockport Local Fund National Lottery Spark Foundation Stockport MBC Warrington BC Cheshire Community Foundation Warrington Rayne Foundation Albert Gubay Charitsble Foundation Paul Hamlyn Foundation CEF Bentley CCF Hardship Grant CE CCF Fund It Forwards Cheshire East Living Team Julia & Hans Rausing Trust SUYCT- Shine a Light Vinci Foundation Welland Trust CWP NHS Foundation Trust Cheshire East Council Co-op Communitv Funding Edward Gosling CCF Match Fund Donor 6.924 2.IKJO 18,(XK) 16,7871 {16,5001 19,1671 2,137 1,500 9.167 16,71K) 73,333 60,0(M) 6,015 72.870 300 95,894 84,OCrt) {13,8111 {122,1131 {50,2501 15,9191 1119.0161 13001 194,1631 {67,9901 2,889 4,545 34,750 277 8,663 53.325 25.000 181 54.809 8,789 1,990 10,520 18,000 27.945 8.333 30,(NJO 25.CNJO 150,4451 125,0001 7,500 8,333 105,OtK) {17.5(KJl 87,500 3,OtMJ 3.000 51KJ 15001 12,(X)01 iio.crfJoi 15,[ IIM) 5,000 15,0(M)I 18641 5.Th)0 4,136 5,(H)O 34,001 35.416 34.001 {35,4161 20,OQK) 67.500 {20,CI)01 183,931} 33.306 16,875 3.503 4.166 13,5031 119,9311 25,(KKJ 20,(KKJ 9,235 20,tK)O Total unrestrirted funds 275.854 788,213 {780.1061 283,961
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 15. Analysis of net aet$ between funds- current year Restricted Funds Unre5tritted Funds Total Funds 2025 Fund balances at 31 March 2025 are represented bv.. Tangible assets Current assets 34.880 254.879 34.880 655.797 400.918 Net assets 289.759 400,918 690,677 Analysis of net assets between funds- prior year Restricted Funds Unrestricted Funds Total Funds 2024 Fund balances on 31 March 2024 are represented bv.. Tangible assets Current assets 23.373 260.588 23,373 591,394 330,806 Net assets 283.961 330,806 614,767 16. Operatin£ lease commitments At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows- 2025 2024 Due within one year Due within two to five years 1,068 3,471 4,539 17. Related party transartlons Transartions with related parties During the year the charity entered into the following transattions with related parties- Salaries Other costs 2025 2024 2025 2024 Entities with Control. joint control or significant influence over the company The company was recharged the above amounts by Pure Innovations Limited. There was no outstanding balance due at the year end.
PURE INSIGHT 1628 A COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year ended 31 March 2025 18. Control The company is controlled by its Board of Trustees. There is no one person with overall control. 19. Reconciliation of net movement in funds to net cash flow from operatlng actlvltles 2025 2024 Net income for the year 75.910 52,487 Adjustments for: Depreciation charge Dividends, interest and rents from investments Decrease/lincreasel in debtors Increase/ldecreasel in creditors IProfitllloss on disposal of tangible assets 10,117 124,1781 161,0621 91,223 9,033 121,8191 146,8531 34,295 111,8031 Net cash generated/{used in) operating artivities 92,010 15,340