```
REGISTERED COMPANY NUMBER: 08511224 (England and Wales)
REGISTERED CHARITY NUMBER: 1155597
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS`**
```
FOR THE YEAR ENDED 30 APRIL 2024
```
## **`FOR`**
```
WORK-WISE FOUNDATION
```
```
(A COMPANY LIMITED BY GUARANTEE)
```
```
Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB
```
```
WORK-WISE FOUNDATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024`**
||**`Page`**|
|---|---|
|**`Reference and Administrative Details`**|`1`|
|**`Report of the Trustees`**|`2 to 9`|
|**`Independent Examiner's Report`**|`10 to 11`|
|**`Statement of Financial Activities`**|`12`|
|**`Balance Sheet`**|`13 to 14`|
|**`Notes to the Financial Statements`**|`15 to 26`|
|**`Detailed Statement of Financial Activities`**|`27 to 28`|
```
WORK-WISE FOUNDATION
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2024`**
```
TRUSTEESM Cooper
C P Hudson MBE
D J O'Hara
REGISTERED OFFICE137 Carlisle Street
Sheffield
S4 7LJ
REGISTERED COMPANY NUMBER 08511224 (England and Wales)
REGISTERED CHARITY NUMBER 1155597
INDEPENDENT EXAMINERGibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB
BANKERSSantander
2 Triton Square
Regent's Place
London
NW1 3AN
```
```
Page 1
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
```
TheTrusteespresenttheirannualreporttogetherwiththefinancialstatementsofthecompanyfortheyear 1
May 2023 to 30 April 2024. The annualreportserves the purposesof both Trustees'Reportand Directors' report
undercompanylaw.TheTrusteesconfirmthattheAnnualReportandfinancialstatementsofthe Charitable
Companycomplywiththecurrentstatutoryrequirements,therequirementsofthecharitable company's
governingdocumentandtheprovisionsoftheStatementofRecommendedPractice(SORP)applicable to
charitiespreparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicableto theUK and
Republic of Ireland.
Theyearhasbeena busyonewithlotsofactivityanddeliverycontinuingthestrongtrendfollowing significant
disruptionduetothepandemic.Demandforourservicescontinuestosignificantlyoutstripthatpre pandemic
withseveralprogrammesbeingupdatedandgrownandnewonesdeveloped.Therewerehowevertwo areas
whichhadfeaturedstronglyinthe2022/23yearthatwereeitherdeliveredwithlessfrequency (Sector
Routeways)or did not takeplace(Get up to Speedwith Cultureand Leisure).We are pleasedto report however
that a new, larger contract for Sector Routeways has been secured for the year 2024/25.
TheWork-wiseFoundationcontinuestorespondandofferincreasednewopportunities,foryoungpeople, the
unemployedandthoseemployerswhoarelookingtofillskillsgaps.Recruitmentandfindingapipelineof job
readyyoungpeoplecontinuestobeamajorchallengeforemployers,notjustinscience, technology,
engineering and manufacturing sectors but increasingly in many other sectors too.
```
```
WehavecontinuedtodeliverwellestablishedactivitiesandeventssuchasEmployabilityAcademies,Get up
SpeedwithSTEMandNorthStarScienceSchoolSTEMSummerAcademyandourVulcan Education
programmes,partneringwithTheVulcantotheSkyTrust.Allofwhichhavegrownintermsofdemand, reach
and delivery.Each supportingmore peoplethanin any previousyear. We have also been able to offermore and
newopportunitiesthroughinitiativessuchasSTEMFestdaysinprimaryschools,EthnicMinorityGroups STEM
Employability programmes, Build it Green environmentally focussed programmes and Girls into STEM events.
```
```
Duringtheyearwehaverefreshedandupdatedourbranding,marketingandsocialmediapresence. Spending
moneyonatotalrebrand(thefirstsinceformingin2013)andalsospendingon3newrebrandedand more
securewebsites.Theexitingwebsiteshavingbeenhackedandafterinvestigationhavingbeenfoundto be
beyondrecovery.Thiswasasignificantandunexpectedcostbutatthesametimeanopportunityto renew,
refreshandputinplaceamorestreamline,efficientandeasiertomanageplatformandnewresources and
materials.
```
```
WehavecontinuedinourkeycollaborationwithGulliversValleyThemeParkandthedevelopmentof Skills
Street.Now due to openin early2025 thisWorldof Work and Careersattractionhas the potentialto be a game
changerfortheskillsandcareerslandscapeintheregion.WhilstSkillsStreetwillbeaseparateentity(A now
establishedcommunityInterestCompany)weseethisasarealopportunitytogrowand strengthen
opportunities for all young people across the region.
```
```
Page 2
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
```
ThecoreteamhasremainedatthesamelevelthroughouttheyearincludingourSalesandMarketing Trainee,
who is now well advancedin herApprenticeship,partof ourcommitmentto developingyoungtalent.One core
memberof the teamwas on MaternityLeavefor the firsthalfof the year and theirabsencewas coveredby use
ofexternalassociateshelpingusmeetdemandforourservices.Asalways,we areverygratefultoour funders,
volunteersandemployers,withoutwhoseresources,skills,experienceandenthusiasmwewouldn'tbeable to
provide the support and impact that is so greatly needed.
```
```
Wecontinuedtobeproudofwhatweachieveyearonyearasasmallorganisationandlookforward to
continuingto buildon the supportwe are able to offerto youngpeopleand thoseseekingemploymentfrom all
backgroundsandcommunities,thosewho educateandsupportthemandthebusinesscommunitywho benefit
from a better informed, more confident and better prepared future workforce.
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives`**
```
TheWork-wiseFoundationis an 'employerinspiredandled',practicaleducationalinitiativewiththepurpose of
supportingthedevelopmentofyoungpeopleandothersintheSheffieldCityRegionandsurroundingareas so
theyhavetheknowledge,skills,aptitudeandopportunitiestomakeasuccessfultransitionfromeducation to
adult and working life.
```
```
The objectsof the Charityare to act as a resourcefor young peopleup to the age of 25, and vulnerableadults up
to theage of 30, livingin theSheffieldCityRegionandthesurroundingarea,by providingadviceand assistance
and organising programmes for education, training and other activities as a means of:
```
```
oAdvancinginlifeandhelpingyoungpeoplebydevelopingtheirskills,capacitiesandcapabilitiesto enable
them to participate in society as independent, mature and responsible individuals.
```
## `- Advancing education.`
## `- Relieving unemployment.`
```
- Providingrecreationaland leisuretime activityin the interestsof socialwelfarefor peoplelivingin the areas of
benefitwhohaveneedbyreasonoftheiryouth,age,infirmity/disability,povertyorsocialand economic
circumstances with a view to improving the life of such persons.
```
```
Page 3
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Activities`**
```
TheWork-wiseFoundationhelpstobridgethegapbetweeneducation/worklessnessandemployment. It
translateslearningandaptitudeintoemployabilityandattributesthatwillenableyoungpeopletoenter the
workplace.Work-Wiseisuniqueinthatitisdesigned,led,assessedandevaluatedbytheprivate sector.
Work-WisecompaniesnotonlycontributefinanciallyintotheFoundation,theyalsocommitto providing
experiencesand opportunitiesto industrystandardsas well as openingup theirown job opportunitiesto young
peopleas theirbusinessexpandsthroughrecruitmentontoapprenticeships,graduaterecruitment programmes
etc.
```
```
Work-wiseis relevanttoallyoungpeople,fromthosein mainstreameducationtothosewithSpecial Education
NeedsandDisabilities(SEND)to thosewho arehomeeducated,andsupportsall levelsof learningand training,
beingequallyappropriatefor graduatesand NEETS(Notin Education,Employmentor Training)as it is for young
peoplewho do not wish to go into furtherand highereducation.It is aboutwork readiness,work awareness and
workinspirationforall,andisnowusingthelearningfromitsmanufacturingandengineeringbeginnings to
extendintoothersectors,broadeningtherangeofopportunitiesforyoungpeople,including offering
opportunitiestohomeeducatedyoungpeopleandmoregenerallyfromprimaryageupwards.Thelast four
yearshasseentheseopportunitiesbeabletoreachevenmoreyoungpeoplethroughdevelopmentof new
programmes, expansion of exiting events and programmes and also offering on-line and virtual opportunities.
```
```
Wedelivera numberofstandardprogrammes(FacetoFaceandVirtual)andalsocustomisedand personalised
programmes to meet individual needs.
```
## `Our core activities have included:`
```
- Virtualand face to face Employabilityprogrammesdeliveredto youngpeoplestillin school,FE or HE providing
anextendedintroductiontotheworldofworkandtheskillsandattitudesemployersarelookingfor, plus
progression routes into employment.
```
```
-
Interactiveandinspirationalcareers,informationandadviceeventsandworkshopsincluding regional
-
showcasecareerseventsfortheSectorGetuptoSpeedwithScience,Technology,Engineering and
Manufacturing,andTheNorthStarScienceSchool.Bothdeliveredin2023/24facetofacereachingover 6,000
young people and educators.
```
```
-
ModularprogrammesincludingWhatEmployersWant,Teambuildingsessions,SkillsMatteractivities and
STEMFest days
```
```
-
EventsandprogrammesaimedaspecificgroupssuchasGirlsintoSTEMdays,agirlsinto Construction
programme and Ethnic Minority Groups STEM employability programmes.
```
```
-
EmployabilitySummerAcademy'sandextendedemployabilityprogrammesdesignedtofitaround the
curriculum.
```
```
-
CareersSpeedNetworkingcrosssectorsessionsinschoolsandattendingschoolscareerssessions and
evenings.
```
```
- IntroducingPrimaryage students(Year1 to Year6) to STEM(Science,TechnologyEngineeringandMaths) and
jobs raising knowledge, aspirations and awareness of the varied jobs and careers in STEM.
```
```
- An educationpartnershipwithTheVulcantotheSky Trusttointroduceyoungpeople(primaryand secondary
age) into STEM experiences and careers through Vulcan XH558, an iconic peace of British engineering.
```
```
Page 4
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
```
-
Attendingandsupportingcareersdays/speednetworkingandeventsinsecondaryschoolsand HE
establishments.
```
```
- Workingin partnershipwithSheffieldCollegeto deliveran EmployerSkillsAcademyand introducestudents to
employers to help bring their learning to life.
```
```
-
DeliveringSectorRoutewaysTrainingprogrammesforthoseinterestedinpursuingacareerinEngineering or
Manufacturing, both school leavers and those unemployed.
```
```
-
Developingandpilotingnewactivities,modulesandmaterialsthatwillembedgreenand sustainability
knowledge and skills in future employees. Such as Build it Green.
```
```
-
SupportingthedevelopmentofSkillsStreetWorldofWorkandCareersattractionscheduledtoopenin early
2025.
```
```
Wealsodelivera numberofsupportprogrammesforemployers,communitiesandeducational establishments
toenablethemtodevelopsustainablepartnershipstoopenupopportunitiesforyoungpeopleandhelp with
transitionfromeducationandunemploymentintowork.Weoffermentoringforemployersaswellas young
peopleandhavedevelopeda"BePrepared"ToolKitandarangeoftrainingspecificallyforemployersto help
them engage more effectively with young people and help young people remain in employment and succeed.
```
```
Our activities also include ensuring the Health and Safety and safeguarding of all participants and beneficiaries.
```
```
Page 5
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Public benefit`**
```
In all activities the Trustees have had regard to the guidance issued by the Charity commission on public benefit.
```
```
TheWork-wiseFoundationexiststodeliverpublicbenefit.BeneficiariescomefromacrosstheSheffield City
Region, with the added value of some benefitting from further afield
```
```
Ourmainactivitiesaretohelpinspire,informandprovidepracticaladvice,handsonactivities,support, skills
and resilience to our beneficiaries helping them better prepare for future life and work.
```
```
Why is this needed:
```
```
- Globally youth unemployment has been at a record high in the last decade.
```
```
- Forecastincreasesin youthunemployment.TheCOVID-19Pandemichasonlyservedto heightenthis problem
and is likely to have a continued negative impact over the coming years
```
```
- Industrycontinuestohighlightskillsandthelackofyoungpeoplecomingintotheindustryasa key challenge
and concern.
```
```
- Thecommonlyheldconsensusis that,on thewhole,youngpeopleare inadequatelypreparedforwork.This is
a viewpoint that continues to prevail.
```
```
- Therearenonationallyagreedaimsandoutcomesforeducation- preparingyoungpeopleforworkdoes not
seemtobeintegraltotheeducationsystem.However,TheGatsbyCareerBenchmarks,adoptedin the
Government'sCareersStrategyre-enforcethemessagethatthemoreinteractionsyoungpeoplehave with
employers, the more likely they are to succeed in gaining meaningful employment.
```
```
- Potentiallygenerationsof losttalent,impactingbotheconomicallyandsociallyas manyyoungpeople become
NEET (Not in Education, Employment or Training).
```
```
- A reduced number of young people starting and completing new apprenticeships.
```
```
The Work-Wise Foundation is part of the solution to these challenges:
```
```
- Work-wiseis now a well-establishedbrandin our SheffieldCity Regionand a go to organisationto help resolve
thesechallenges.Itsprimepurposeis to makeouryoungpeople'Workwise'helpingthemmakethe transition
from education into employment.
```
```
-
Work-wiseisquiteuniqueinitsapproach.Thecharitywasestablishedbyvolunteerbusinessleadersand has
been designed by employers aligned to recruitment competencies.
```
```
--
Work-wiseframeworkisdesignedasanexitprogrammefromeducationandtrainingintoworkits flexibility
making it appropriate for all sectors, ages, qualifications, size of company etc.
```
```
- Work-wiseremovesbarriersto work and apprenticeshipopportunities,providingan essential'pipeline'of work
readypeoplewhoare'fitforpurpose'forlocalindustry.ItalsoworkswithyoungpeoplewhoareNEETor who
are at risk of becoming NEET.
```
```
Page 6
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Review of Activities`**
```
Thepastyearhasseenaconsolidationinactivitiesandcontinuedstrongdemandforourexistingand new
services and allowed us to continue to support individuals and organisations.
```
```
Wecontinuetoreceiveamazingsupportfrommanyindustryandeducation/communityleadersandutilise our
forums which include employers, professionals, volunteers, teachers and other key stakeholders.
```
```
Thisandthecontinuingongoingimpactofthepandemic,thecostoflivingcrisisandinternationalfactors have
reinforced our belief that there is a desire and need for the work of the charity.
```
```
During the year some of our key achievements were:
```
- `Engaging with 10.531 young beneficiaries in STEM and other employability related activities.`
- `Inspired and informed over 6,000 young people and educators through major events, Get up to Speed with`
- `STEM and North Star Science School.`
- `Worked with and supported 511 employers and employees`
- `Supported 1,650 other individuals through events, activities and programmes such as Sector Routeways.`
- `Had 45 young people (aged 14-18) graduate from our STEM employability Academies.`
```
The full impactand outcomesof our activitiesare not always quantifiablein the short-term,but feedbackwe get
onoureventsandactivitiesisalwaysverypositivefromstudents,educatorsandparentsandalso from
employers. Here's just one example of recent feedback received:
```
```
"ItwasthebestdecisionIevermade,comingonTheWork-wiseSummerAcademy.You'vehadagreat impact
onmycareer,andIthinkit'sbrilliantyouareabletoopendoorsforschoolleaverstoengineeringand STEM
through your work" Will is currently in the third year of his Welding and Fabrication Apprenticeship.
```
## **`FINANCIAL REVIEW`**
## **`Financial review`**
```
After3yearsofgrowthandsurplusestheCharitymadealossin2023/24of£28,277.Incomeforthe financial
yearwas£194,748inlinewithtradinglevelsin2021/22.Withincomecomingfromrestricted donations/
grants,unrestricteddonationsfromemployers,individualsandtrustsandalsofromservicesprovided as
detailed in the accounts.
```
```
Costsweremanagedprudentlywithintheparametersofavailablefundsandprojectspecific requirements.
Howeversignificantone-offnecessaryexpenditureon new websitesand associatedrebrandingdid affect overall
financialperformance.Significantexpenditurerelatedtotworestrictedfundsprojectswasalsoincurredin this
financialyearwhilethefundingincome,inlinewithSORPrequirementswasreportedin2022/23 figures,
impacting on the final numbers reported.
```
```
TheTrustees'aimtohavereservesofupto£35,000intheshortterm.Thisamountisbroadlyequivalent to
threemonthsfixedcostsandwillallowtheCharitytorespondtoanyshort-termfluctuationsinincome. Given
thecurrentpositiveoutlookandexpectedgrowthin2024/25duetosecuredadditionalcontractsthe Trustees
donotconsiderthatanyreservesshouldbeheldtocoverunplannedclosure.TheTrusteesreviewthe reserves
policy annually.
```
```
Page 7
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`FINANCIAL REVIEW`**
## **`Going concern`**
```
Aftermakingappropriateenquiries,the Trusteeshave a reasonableexpectationthatthe companyhas adequate
resourcestocontinueinoperationalexistencefortheforeseeablefuture.Forthisreason,theycontinue to
adopt the going concern basis in preparing the financial statements.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityis controlledby itsgoverningdocument,a deedof trust,andconstitutesa limitedcompany, limited
by guarantee, as defined by the Companies Act 2006.
```
## **`Charity constitution`**
```
Registered as a charitable company limited by guarantee and was set up by a Trust deed.
```
```
The company is constituted under a Trust deed and is a registered charity, number 1155597.
```
```
Governanceof TheWork-WiseFoundationis detailedin theMemorandumandArticlesof Associationdated 30
April 2013.
```
## **`Recruitment and appointment of new trustees`**
```
TheminimumnumberofTrusteesforTheWork-WiseFoundationis two.Recruitmentandappointmentof new
trusteesisbyordinaryresolution.TheCharitymayappointapersonwhoiswillingtoacttobeaTrustee and
determine the rotation by which any trustees are to retire.
```
```
TheTrusteesmanagethebusinessof theCharityandmay exerciseall thepowersof theCharityunlessthey are
subject to any restrictions imposed by the Companies Acts, the articles or any special resolution.
```
## **`FUNDS HELD AS CUSTODIAN FOR OTHERS`**
```
No funds are held by the Charity as custodian trustee.
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
Thetrustees(whoarealsothedirectorsofWork-WiseFoundationforthepurposesofcompanylaw) are
responsibleforpreparingtheReportof theTrusteesandthefinancialstatementsin accordancewith applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Page 8
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024`**
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued`**
```
Companylaw requiresthetrusteesto preparefinancialstatementsfor eachfinancialyearwhichgivea true and
fairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplication of
resources,includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.In preparing those
financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracy at
anytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthe financial
statementscomplywiththeCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsof the
charitablecompanyandhencefortakingreasonablestepsforthepreventionanddetectionoffraudand other
irregularities.
```
```
Approved by order of the board of trustees on 10 July 2024 and signed on its behalf by:
```
```
C P Hudson MBE - Trustee
```
```
Page 9
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`Independent examiner's report to the trustees of Work-Wise Foundation ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 April 2024.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the CompaniesAct 2006
('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
2011 Act.
```
```
Page 10
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`Independent examiner's statement`**
```
I havecompletedmy examination.I confirmthatno mattershavecometomy attentionin connectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Scott Mell
```
```
Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB
```
```
Date: .............................................
```
```
Page 11
```
```
WORK-WISE FOUNDATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
**`1,175`**
**`Charitable activities`**
`4`
`Services provided`
**`171,951`**
**`Total`**
**`173,126`**
**`EXPENDITURE ON`**
`Raising funds`
`5`
**`55,670`**
**`Charitable activities`**
`6`
`Services provided`
**`125,245`**
`Governance`
**`3,265`**
`Other costs`
`9`
**`4,197`**
**`Total`**
**`188,377`**
**`NET INCOME/(EXPENDITURE)`**
**`(15,251)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`36,677`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`21,426`**|`Restricted`
`funds`
`£`
**`21,622`**
**`-`**
**`21,622`**
**`-`**
**`34,648`**
**`-`**
**`-`**
**`34,648`**
**`(13,026)`**
**`18,023`**
**`4,997`**|**`30.4.24`**
**`Total`**
**`funds`**
**`£`**
**`22,797`**
**`171,951`**
**`194,748`**
**`55,670`**
**`159,893`**
**`3,265`**
**`4,197`**
**`223,025`**
**`(28,277)`**
**`54,700`**
**`26,423`**|`30.4.23`
`Total`
`funds`
`£`
`40,128`
`242,337`|
|---|---|---|---|
||||`282,465`|
||||`66,872`
`171,313`
`3,445`
`3,737`|
||||`245,367`|
||||`37,098`
`17,602`|
||||`54,700`|
```
The notes form part of these financial statements
```
```
Page 12
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`BALANCE SHEET`**
## **`30 APRIL 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Stocks`
`14`
**`108`**
`Debtors`
`15`
**`8,867`**
`Cash in hand`
**`40,273`**
**`49,248`**
**`CREDITORS`**
`Amounts falling due within one year`
`16`
**`(21,990)`**
**`NET CURRENT ASSETS`**
**`27,258`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`27,258`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`17`
**`(5,832)`**
**`NET ASSETS`**
**`21,426`**
**`FUNDS`**
`19`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`4,997`**
**`4,997`**
**`-`**
**`4,997`**
**`4,997`**
**`-`**
**`4,997`**|**`30.4.24`**
**`Total`**
**`funds`**
**`£`**
**`108`**
**`8,867`**
**`45,270`**
**`54,245`**
**`(21,990)`**
**`32,255`**
**`32,255`**
**`(5,832)`**
**`26,423`**
**`21,426`**
**`4,997`**
**`26,423`**|`30.4.23`
`Total`
`funds`
`£`
`108`
`17,995`
`90,484`
`108,587`
`(43,054)`
`65,533`
`65,533`
`(10,833)`
`54,700`
`36,677`
`18,023`
`54,700`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for
the year ended 30 April 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 April 2024 in accordance with Section 476 of the Companies Act 2006.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 13
```
```
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
```
## **`BALANCE SHEET - continued 30 APRIL 2024`**
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon10July2024 and
were signed on its behalf by:
```
```
C P Hudson MBE - Trustee
```
```
The notes form part of these financial statements
```
```
Page 14
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024`**
## **`1. COMPANY STATUS`**
```
Thecharityis a privatecompanylimitedby guaranteeincorporatedin EnglandandWales.The members
ofthecompanyarethetrusteesnamedonpage1.Intheeventofthecharitybeingwoundup, the
liabilityinrespectoftheguaranteeislimitedto£10permemberofthecharity.Theregisteredoffice is
shown on page 1.
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharitablecompany,whichis a publicbenefitentityunderFRS 102, have
beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK
andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared
under the historical cost convention.
```
```
Thefinancialstatementsarepresentedinsterlingwhichisthefunctionalcurrencyofthecompany and
rounded to the nearest pound.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
```
Otherincomeis recognisedin theperiodin whichit is receivableandto theextentthegoodshave been
provided or on completion of the service.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedas expenditureas soonas thereis a legalor constructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementandtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedfor on
anaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbe directlyattributedto particularheadingsthey have been allocatedto activities on
a basis consistent with the use of resources.
```
```
Governancecostsincludecostsofthepreparationandexaminationofthestatutoryaccounts,the costs
of trustee meeting and any legal advice to trustees on governance or constitutional matters.
```
```
Costs of generating funds are the costs of trading for fundraising purposes.
```
```
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivities and
servicesforitsbeneficiaries.Itincludesbothcoststhatcanbeallocateddirectlytosuchactivities and
those costs of an indirect nature necessary to support them.
```
```
continued...
```
```
Page 15
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Expenditure`**
```
Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesona basis
consistentwiththeusofresources,forexample,allocatingpropertycostsbyfloorareas,orper capita,
staff costs by the time spent and other costs by their usage.
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowancefor obsolete
and slow moving items.
```
```
Cost is calculatedusinga first-in,first-outmethodand includesall purchase,transportand handling costs
that have been incurred in bringing the stocks to their present location and condition.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesinthe period
to which they relate.
```
## **`Government grants`**
```
Governmentgrantsreceivablearerecognisedwhenthereisareasonableassurancethatthe grant
conditions will be met and is included within other operating income.
```
```
continued...
```
```
Page 16
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
|**`3.`**
**`DONATIONS AND LEGACIES`**
`Donations`
**`4.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Charitable activities`
`Services provided`
**`5.`**
**`RAISING FUNDS`**
**`Other trading activities`**
`Staff costs`
**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Services provided`
`Governance`|`Direct`
`Costs (see`
`note 7)`
`£`
**`159,893`**
**`-`**
**`159,893`**|**`30.4.24`**
**`£`**
**`22,797`**
**`30.4.24`**
**`£`**
**`171,951`**
**`30.4.24`**
**`£`**
**`55,670`**
`Support`
`costs (see`
`note 8)`
`£`
**`-`**
**`3,265`**
**`3,265`**|`30.4.23`
`£`
`40,128`
`30.4.23`
`£`
`242,337`|
|---|---|---|---|
|||||
||||`30.4.23`
`£`
`66,872`
`Totals`
`£`
**`159,893`**
**`3,265`**|
||||**`163,158`**|
```
continued...
```
```
Page 17
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`7. DIRECT COSTS OF CHARITABLE ACTIVITIES`**
|`Staff costs`
`Postage and stationery`
`Advertising`
`Sundries`
`Direct project costs`
`Establishment project costs`
`Office expenses`
`Travel & entertainment`
`Subscriptions`
`Interest payable and similar charges`|**`30.4.24`**
**`£`**
**`43,301`**
**`299`**
**`18,971`**
**`1,920`**
**`64,976`**
**`25,983`**
**`2,335`**
**`1,305`**
**`448`**
**`355`**
**`159,893`**|`30.4.23`
`£`
`29,693`
`1,357`
`12,074`
`1,577`
`92,228`
`29,412`
`3,264`
`519`
`856`
`333`|
|---|---|---|
|||`171,313`|
## **`8. SUPPORT COSTS`**
|||`Governance`|
|---|---|---|
|||`costs`|
|||`£`|
|`Governance`||**`3,265`**|
||||
|**`OTHER COSTS`**|||
||**`30.4.24`**|`30.4.23`|
||**`£`**|`£`|
|`Establishment costs`|**`2,187`**|`2,326`|
|`Office costs`|**`1,671`**|`947`|
|`Interest payable and similar charges`|**`339`**|`464`|
||**`4,197`**|`3,737`|
## **`9. OTHER COSTS`**
```
continued...
```
```
Page 18
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`10. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`30.4.24`**|`30.4.23`|
|---|---|---|
||**`£`**|`£`|
|`Independent examiner's fee`|**`2,200`**|`2,200`|
## **`11. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewere no trustees'remunerationor otherbenefitsfor the year ended30 April 2024 nor for the year
ended 30 April 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30April2024norfortheyear ended
30 April 2023.
```
## **`12. STAFF COSTS`**
||**`30.4.24`**|`30.4.23`|
|---|---|---|
||**`£`**|`£`|
|`Wages and salaries`|`95,131`|`91,417`|
|`Social security costs`|`1,456`|`2,984`|
|`Other pension costs`|`2,383`|`2,164`|
||||
||`98,970`|`96,565`|
||||
```
The total amount of employee benefits received by key management personnel £57,577 (2023: £58,374).
```
```
The average monthly number of employees during the year was as follows:
```
|`Management`
`Charitable activities`|**`30.4.24`**
**`2`**
**`2`**
**`4`**|`30.4.23`
`2`
`2`
`4`|
|---|---|---|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 19
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`-`
**`Charitable activities`**
`Services provided`
`242,337`
**`Total`**
`242,337`
**`EXPENDITURE ON`**
`Raising funds`
`66,872`
**`Charitable activities`**
`Services provided`
`149,208`
`Governance`
`3,445`
`Other costs`
`3,737`
**`Total`**
`223,262`
**`NET INCOME`**
`19,075`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`17,602`
**`TOTAL FUNDS CARRIED FORWARD`**
`36,677`|`Restricted`
`funds`
`£`
`40,128`
`-`
`40,128`
`-`
`22,105`
`-`
`-`
`22,105`
`18,023`
`-`
`18,023`|`Total`
`funds`
`£`
`40,128`
`242,337`|
|---|---|---|
|||`282,465`|
|||`66,872`
`171,313`
`3,445`
`3,737`|
|||`245,367`|
|||`37,098`
`17,602`|
|||`54,700`|
```
continued...
```
```
Page 20
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
|**`14.`**|**`STOCKS`**|||
|---|---|---|---|
|||**`30.4.24`**|`30.4.23`|
|||**`£`**|`£`|
||`Stocks`|**`108`**|`108`|
|||||
|**`15.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||**`30.4.24`**|`30.4.23`|
|||**`£`**|`£`|
||`Trade debtors`|**`8,753`**|`17,938`|
||`Prepayments and accrued income`|**`114`**|`57`|
|||**`8,867`**|`17,995`|
|||||
|**`16.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||**`30.4.24`**|`30.4.23`|
|||**`£`**|`£`|
||`Bank loans (see note 18)`|**`5,000`**|`5,000`|
||`Trade creditors`|**`2,325`**|`1,745`|
||`Social security and other taxes`|**`1,368`**|`852`|
||`VAT`|**`1,097`**|`5,345`|
||`Other creditors`|**`-`**|`3,782`|
||`Accruals and deferred income`|**`12,200`**|`26,330`|
|||**`21,990`**|`43,054`|
```
continued...
```
```
Page 21
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
|**`17.`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|||
|---|---|---|---|---|
||||**`30.4.24`**|`30.4.23`|
||||**`£`**|`£`|
||`Bank loans (see note 18)`||**`5,832`**|`10,833`|
||||||
|**`18.`**|**`LOANS`**||||
||`An analysis of the maturity of loans is given below:`||||
||||**`30.4.24`**|`30.4.23`|
||||**`£`**|`£`|
||`Amounts falling due within one year on demand:`||||
||`Bank loans`||**`5,000`**|`5,000`|
||||||
||`Amounts falling between one and two years:`||||
||`Bank loans - 1-2 years`||**`5,832`**|`10,833`|
||||||
|**`19.`**|**`MOVEMENT IN FUNDS`**||||
||||`Net`||
||||`movement`|`At`|
|||`At 1.5.23`|`in funds`|`30.4.24`|
|||`£`|`£`|`£`|
||**`Unrestricted funds`**||||
||`General fund`|**`36,677`**|**`(15,251)`**|**`21,426`**|
||**`Restricted funds`**||||
||`South Yorkshire Community Foundation`|**`7,833`**|**`(2,836)`**|**`4,997`**|
||`Social Investment Business Grant`|**`10,190`**|**`(10,190)`**|**`-`**|
|||**`18,023`**|**`(13,026)`**|**`4,997`**|
||**`TOTAL FUNDS`**|**`54,700`**|**`(28,277)`**|**`26,423`**|
```
continued...
```
```
Page 22
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`19. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`South Yorkshire Community Foundation`
`Ironmongers`
`Social Investment Business Grant`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`South Yorkshire Community Foundation`
`Social Investment Business Grant`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`173,126`**
**`4,997`**
**`16,625`**
**`-`**
**`21,622`**
**`194,748`**
`At 1.5.22`
`£`
`17,602`
`-`
`-`
`-`
`17,602`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(188,377)`**
**`(15,251)`**
**`(7,833)`**
**`(2,836)`**
**`(16,625)`**
**`-`**
**`(10,190)`**
**`(10,190)`**
**`(34,648)`**
**`(13,026)`**
**`(223,025)`**
**`(28,277)`**
`Net`
`movement`
`At`
`in funds`
`30.4.23`
`£`
`£`
`19,075`
`36,677`
`7,833`
`7,833`
`10,190`
`10,190`
`18,023`
`18,023`
`37,098`
`54,700`|
|---|---|---|
```
continued...
```
```
Page 23
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`19. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`South Yorkshire Community Foundation`
`Ironmongers`
`Social Investment Business Grant`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`242,337`
`9,833`
`15,375`
`14,920`
`40,128`
`282,465`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(223,262)`
`19,075`
`(2,000)`
`7,833`
`(15,375)`
`-`
`(4,730)`
`10,190`
`(22,105)`
`18,023`
`(245,367)`
`37,098`|
|---|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
||||`Net`||
|---|---|---|---|---|
||||`movement`|`At`|
||`At 1.5.22`||`in funds`|`30.4.24`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`17,602`||`3,824`|`21,426`|
|**`Restricted funds`**|||||
|`South Yorkshire Community Foundation`||`-`|`4,997`|`4,997`|
|**`TOTAL FUNDS`**|`17,602`||`8,821`|`26,423`|
```
continued...
```
```
Page 24
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`19. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`South Yorkshire Community Foundation`
`Ironmongers`
`Social Investment Business Grant`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`415,463`
`14,830`
`32,000`
`14,920`
`61,750`
`477,213`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(411,639)`
`3,824`
`(9,833)`
`4,997`
`(32,000)`
`-`
`(14,920)`
`-`
`(56,753)`
`4,997`
`(468,392)`
`8,821`|
|---|---|---|
```
Restrictedfundsareusedforparticularrestrictedpurposes.Restrictedfundscompriseofincome and
expenditureinrelationtotheprovisionofeventsandprojectsthatfurthertheobjectivesof the
company.
```
## **`20. RELATED PARTY DISCLOSURES`**
```
MCooper,atrusteeofthecompany,isalsoadirectorofCBEPlusLtd.Thecharitable company
recognisedsponsorshipincomein theyearfromCBE PlusLtdof £11,000(2023:£10,000)andincome for
services provided of £94 (2023: £150).
```
```
CHudson,atrusteeofthecompany,isalsoadirectorofChimoSheffield(Manufacturing)Limited. The
charitablecompanyrecognisedareimbursedexpenseof£nil(2023:£45)inrelationtoChimo Sheffield
(Manufacturing) Limited.
```
```
continued...
```
```
Page 25
```
```
WORK-WISE FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024`**
## **`21. DEFERRED INCOME`**
```
The following amounts are included in creditors falling due within one year;
```
||**`2024`**|`2023`|
|---|---|---|
||**`£`**|`£`|
|`Balance at 1 May`|**`22,625`**|`37,359`|
|`Amount released to incoming resources`|**`(18,625)`**|`(31,359)`|
|`Amount deferred in the year`|**`6,000`**|`16,625`|
||||
|`Balance at 30 April`|**`10,000`**|`22,625`|
||||
```
Page 26
```
```
WORK-WISE FOUNDATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 30 APRIL 2024`**|||
|---|---|---|
||`30.4.24`|`30.4.23`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`22,797`**|`40,128`|
|**`Charitable activities`**|||
|`Charitable activities`|**`171,951`**|`242,337`|
|**`Total incoming resources`**|**`194,748`**|`282,465`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Wages`|**`53,510`**|`63,307`|
|`Social security`|**`820`**|`2,066`|
|`Pensions`|**`1,340`**|`1,499`|
||**`55,670`**|`66,872`|
|**`Charitable activities`**|||
|`Wages`|**`39,462`**|`28,110`|
|`Social security`|**`1,456`**|`918`|
|`Pensions`|**`2,383`**|`665`|
|`Postage and stationery`|**`299`**|`1,357`|
|`Advertising`|**`18,971`**|`12,074`|
|`Sundries`|**`1,920`**|`1,577`|
|`Direct project costs`|**`64,976`**|`92,228`|
|`Establishment project costs`|**`25,983`**|`29,412`|
|`Office expenses`|**`2,335`**|`3,264`|
|`Travel & entertainment`|**`1,305`**|`519`|
|`Subscriptions`|**`448`**|`856`|
|`Bank charges`|**`355`**|`333`|
||**`159,893`**|`171,313`|
|**`Other costs`**|||
|`Establishment costs`|**`2,187`**|`2,326`|
|`Carried forward`|**`2,187`**|`2,326`|
```
This page does not form part of the statutory financial statements
```
```
Page 27
```
```
WORK-WISE FOUNDATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 30 APRIL 2024`**|||
|---|---|---|
||`30.4.24`|`30.4.23`|
||`£`|`£`|
|**`Other costs`**|||
|`Brought forward`|**`2,187`**|`2,326`|
|`Office costs`|**`1,671`**|`947`|
|`Bank loan interest`|**`339`**|`464`|
||**`4,197`**|`3,737`|
|**`Support costs`**|||
|**`Governance costs`**|||
|`Independent examiner's fee`|**`2,200`**|`2,200`|
|`Accountancy and legal fees`|**`1,065`**|`1,245`|
||**`3,265`**|`3,445`|
|`Total resources expended`|**`223,025`**|`245,367`|
|**`Net (expenditure)/income`**|**`(28,277)`**|`37,098`|
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