| Page | |
|---|---|
| Reference and administrative details ofthe Company, its Trustees and advisers | 1 |
| Trustees’ report | 2- 14 |
| Independentauditors report on thefinancialstatements | 15-17 |
| Statement offinancial activities | 18 |
| Balance sheet | 19 |
| Statement ofcash flows | 20 |
| Notes to the financial statements | 21 - 33 |
| Trustees | Paul Webb, Chair (Resigned 30 September2022) |
|---|---|
| Michael Brown CBE DL | |
| Jonathan Drake | |
| Darren Cormack | |
| Michael Smith, Vice Chair | |
| Mary Quigg, Chair | |
| Claire Schimmer | |
| Company registered | |
| number | 8820018 |
| Charity registered | |
| number | 1156046 |
| Registered office | Duckworth House |
| Talbot Road | |
| Manchester | |
| M32 OFP | |
| Company secretary | K Taylor |
| Independentauditors | Crowe U.K. LLP |
| 3rd floor | |
| The Lexicon | |
| Mount Street | |
| Manchester | |
| M2 5NT | |
| Bankers | Royal Bank ofScotland plc |
| Drumrnond House | |
| Redheughs Ave | |
| Edinburgh | |
| EH12 9JN | |
| Solicitors | Devonshire Solicitors |
| 30 Finsbury Circus, | |
| London | |
| EC2M 7DT |
| The key activities within financial year | July 2021 —June 2022 |
|
|---|---|---|
| July2021June 2022 | July 2021-June2022 | |
| Achievement | ||
| Target | ||
| People into employment | 188 + 62 (250) | 243 ÷57 (300) |
| % people from prioritygroup into | 90% | 96% |
| employment | ||
| % ofthose employed retained for | 80% | 86% |
| minimum ofsix months |
| Priority Group Definitions | ||
|---|---|---|
| p | ||
| Ex-Cifender | candidates who have a criminal record. | This includes spent convictions. |
| SAME | Black, Asian and minority ethnic candidates. | |
| Long Term Unemployed (6 months | Candidates who have been out ofemployment for over 6 months, any age. | |
| plus) | ||
| NEET (16-24)3 months plus | Candidates aged 16-24 who have not been In education, employment! or training far | |
| over 3 months. | ||
| Non-traditional roles (i.e.! women | This is split Into 3 main categories: | |
| into construction) | ||
| • Women into construction |
(trade)” - women going into a trade role i.e.. |
|
| plumbing, electrical, joinery. | ||
| . “Women intoconstruction (general)” —women going into non-trade roles |
||
| such as administration ortechnicalapprenticeships but within a construction | ||
| setting. | ||
| • “Non-traditional gender into role” — for example men into care werk or |
||
| nursing and women into |
engineering roles which dont fall under |
|
| construction | ||
| Disability | Candidates who identify themselves as | having a disability either physical or mental, |
| 50 plus | Candidates aged over 50 years old. | |
| History of homelessness | Candidates who have at some point been homeless. This does not have to be street | |
| homeless and can Include sofa survey? | ofno fixed abode. | |
| In care/care leaver | Candidates who are either currently a ‘looked after child’ i.e., those In the care oftheir | |
| local authority or have been in the past. | ||
| Military Service Leaver | Candidates who have spent time in the | armed forces i.e.! army! navy, air force, etc.. |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | - | 100,000 | 100,000 | 625,000 |
| Charitable activities | 4 | - | 12,900 | 12,900 | 66,464 |
| Investments | 5 | - | 29,330 | 29,330 | 26,460 |
| Total income | - | 142,230 | 142,230 | 717,924 | |
| Expenditure on: | |||||
| Charitable activities | 7 | 35,511 | 766,137 | 801,648 | 628,459 |
| Total expenditure | 35,511 | 766,137 | 801,648 | 628,459 | |
| Net movement in funds | (35,511) | (623,907) | (659,418) | 89,465 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 100,040 | 1,340,339 | 1,440,379 | 1,350,914 | |
| Net movement in funds | (35,511) | (623,907) | (659,418) | 89,465 | |
| Total funds carried forward | 64,529 | 716,432 | 780,961 | 1440,379 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Procure Plus Holdings Limited | - | - | 600,000 |
| Reallies Limited | 100,000 | 100,000 | 25,000 |
| 100,000 | 100,000 | 625,000 | |
| Total 2021 | 625,000 | 625,000 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Income from charitable activities | - | 12,900 | 12,900 | 66,464 |
| Total 2021 | 46,633 | 19,831 | 66,464 | |
| Investment income | ||||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| £ | £ | £ | ||
| Interest receivable | 29330 | 29,330 | 26,460 | |
| Total 2021 | 26,460 | 26,460 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Charitable Grants | 27700 | 423800 | 451,500 | 404,100 |
| Other costs | 7,811 | 330,787 | 338,598 | 213,859 |
| Expenditure on governance | - | 11,550 | 11,550 | 10500 |
| Total 2022 | 35,511 | 766,137 | 801,648 | 628,459 |
| Total 2021 | 5,473 | 622,986 | 628,459 |
| Restricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Direct costs | 35,511 | 766,137 | 801,648 | 628,459 |
| Total2021 | 5,473 | 622,986 | 628,459 |
| Charitable grants | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| New Ground | 76,000 | 60,000 |
| Yes Project | 43,000 | 27,000 |
| Inside Connections | 40,000 | - |
| lnspira | 38,000 | 22,000 |
| We Mind The Gap | 28,000 | - |
| Midlands SV Fund | 27,700 | - |
| Broughton Trust | 27,000 | 2,000 |
| Salvation Army | 23,000 | 14,000 |
| Upturn | 13,800 | 60,300 |
| CommunitiesforWork | 12,000 | - |
| Volition | 12,000 | - |
| Wigan Youth Zone | 10,000 | 20,000 |
| Liverpool in Work | 10,000 | 10,000 |
| Cheshire Learning Partnership | 10,000 | - |
| L14 Community | 10,000 | - |
| The Jewel Foundation | 8,000 | 20,000 |
| Diverse | 8,000 | - |
| St Lukes | 8,000 | - |
| Spear Clapham Junction | 8,000 | - |
| Calico | 7,000 | 45,000 |
| Birchwood Centre | 6,000 | 27,000 |
| Humankind | 6,000 | 6,000 |
| Transform Lives | 6,000 | - |
| Conwy Employment | 6,000 | |
| Your Own Place | 6,000 | - |
| The Message | 4,000 | 4,000 |
| St Georges Crypt | 4,000 | 4,000 |
| Working Denbighshire | (2,000) | 14,000 |
| Building Heroes | (2,000) | - |
| Street League | (2,000) | - |
| Other | - | 68,800 |
| Total grants made to promote charitable aims | 451,500 | 404,100 |
| Auditors’ remuneration | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Fees payable to the Company’s auditor forthe audit ofthe Compans | ||
| annual accounts | 9,150 | 6,600 |
| Fees payable tothe Company’s auditor in respect of: | ||
| All non-audit services not included above | 2,400 | 1,800 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within oneyear | ||
| Trade debtors | 2,093 | 2,875 |
| Amounts owed by group undertakings | 1,000,000 | 1,000,000 |
| 1,002,093 | 1,002,875 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 22,571 | 70,000 |
| Amounts owed to group undertakings | 100,000 | 100,000 |
| Other creditors | 531 | 833 |
| Accruals and deferred income | 434,220 | 438,449 |
| 557,322 | 609,282 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Financial | assets | ||
| Financial | assets measured at cost | 1,338,283 | 2049,661 |
| 2022 | 2021 | ||
| £ | £ | ||
| Financial | liabilities | ||
| Financial | liabilities measured atcost | 556,791 | 608,449 |
| Statementoffunds - currentyear | ||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at 1 | 30 June | |||
| July 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 1,340,339 | 142,230 | (766,137) | 716,432 |
| Restricted funds | ||||
| Cumbria Restricted Funds | 11,033 | - | (8,000) | 3,033 |
| Women and Manual Trades | 42,374 | - | (7,811) | 34,563 |
| Midlands Social Value Funds | 46,633 | - | (19,700) | 26,933 |
| 100,040 | - | (35,511) | 64,529 | |
| Total offunds | 1,440,379 | 142,230 | (801,648) | 780,961 |
| Statement offunds - prioryear | ||||
| Balance at | ||||
| Balance at | 30June | |||
| 1 July2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| Unrestrictedfunds | ||||
| General Funds | 1,292034 | 671,291 | (622986) | 1,340,339 |
| Restrictedfunds | ||||
| Cumbria Restricted Funds | 11,033 | - | - | 11,033 |
| Women and Manual Trades | 47,847 | - | (5,473) | 42,374 |
| Midlands Social Value Funds | - | 46,633 | - | 46,633 |
| 58,880 | 46,633 | (5,473) | 100,040 | |
| Total offunds | 1,350,914 | 717,924 | (628,459) | 1,440,379 |
| Analysis of net assets between funds - curr | entyear | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Current assets | 64,529 | 1,273,754 | 1,338,283 |
| Creditors due within one year | - | (557,322) | (557,322) |
| Total | 64,529 | 716,432 | 780,961 |
| Analysis of net assets between funds - prior | year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Current assets | 100,040 | 1,949,621 | 2049,661 |
| Creditors due within one year | - | (609,282) | (609,282) |
| Total | 100,040 | 1,340,339 | 1,440,379 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net income/expenditure for the year (as | per Statement | of Financial | ||
| Activities) | (659,418) | 89,465 | ||
| Adjustments for: | ||||
| Interest received | (29,330) | (26,460) | ||
| Decrease in debtors | 782 | 1,504 | ||
| Decrease in creditors | (51,960) | (281,688) | ||
| Net cash used in operating activities | (739,926) | (217,179) |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Cash | in hand | 336,190 | 1,046,786 |
| Total | cash and cash equivalents | 336,190 | 1,046,786 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Opening balance owed to related party | (102,000) | (86,000) |
| Accrual movement during the year | (27,000) | 12,000 |
| Amounts invoiced by related party | (50,000) | (72,000) |
| Funds Paid to related party | 78,000 | 44,000 |
| (101,000) | (102,000) |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Opening balance owed to related party | - | (52000) |
| Accrual movement during the year | - | 32000 |
| Amounts invoiced by related party | .. | (34,000) |
| Funds paid to related party | - | 31,000 |
| Closing balance owed to related party | - | (23,000) |