REGISTERED COMPANY NUMBER: 07D06082 (England and Walgs) REGISTERED CHARITY NUMBER: 1156726 Report of the Tfusteas and Unaudlted Flnanclal Statements for the Year Ended 31 D•cefflbgr 2024 for Greatest Expectatlons Llmltod (A Company Umlted by Guarantee)
Grnatest Expeclatlons Llmlt•d Contents of Ihe Flnanclal Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examlngrfs Report Statem?nt of Flnanclal Actlvltles Balance Shg•t Notes to the Flnanclal Stataments 10 to 14 D•talled Statement of Flnanclal Actlvltles 15
Greatest Expectatlons Llmltéd Report of the Trustees for the Year Ended 31 Dec8rnber 2024 The trustees who are also directors of the charity for lh8 purposes ol th• Companles Act 2008, present their pOrt with th8 rinanclal statements of the charity for the year ended 31 D8c8mber 2024. The Irustees hav? adopted the provislons of Accounting and ReportEng by Charities: Slalement of Recommended Practlce appllcable lo charities preparing th81r accounts In accordance wilh Ihe Financial Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102) (8ffectiva 1 January 2019). Page 1
Graatast Expectallons Llmlted Report of the Trustaes for the Year Ended 31 December 2024 OBJECTIVES AND ACTIVITIES Purpose of Greatest Expectatlons The prevention or rellef of poverly and flnanclal hardshlp wtthln the Tees Valley by providing or asslsting in the provision of adult education and tralnlng, Creative projects and the necessary 5UPPOrt designed to enable people to genorale an Income and become self-sufficlent.Empowerlng Individuals to generate suslaSnable income and achieve self4ufficiency, and the promotlon of soclal Incjuslon for tha public benefit by Supportlng those most at rlsk. To promote soclal Inclusion for the publlc benefit by preventing peoplo from becomlng soclally excluded, rellevlng the neèds of those people who Bre sorlally excluded and asslsllng them to integfale Into society. 'Socially excluded, Is d8fin8d as being excluded from 50clety, or parts of society. as a result of one of more of the followlng factor5: unemployrnent.. financl81 hardship; youth or old age., ill heallh I physlcal and mental ): substance abuse or dependency includlng alcohol or dwgs: discrfmlnatlon on the grourK15 of sex. race. dlsablllty. ethnic origln, religion, bellef. creed, sexual orientatlon. or gender re-asslgnment; poor educallonal or skills attalnment: relallonshlp and family breakdown,. poor housing (that Is houslng that d¢Jes not meet baslc habllabl8 Standards): crime (elther a$ a victim of crlme or a5 an offender r8hablliialing into soclety). Publlc 8an•flt In 5ettlng the charivs objecllveg and plannlng Its acllvltles, the trustees have complled Ylth the duty lo have due regaid to guldance published by the Charity Commls$lon, Includlng publk benefit guidance. We exlst for the publlc benefit lo promola the educatlon of people of any age In the North East ol England in such ways the charfty Irustees se8 fit, Including by provSsion of education to prepare lor any occupation, trade or profession on leavlng any edu¢ation establlBhment. Overvlèw Gre81gst Expeclatlons has been helping local, unemployed peopl• to move closer to the Jobs market through 58clor and employabllity provlslon Slnce 21X)9. Wa are proacllve in response to Ihe needs of local people and omployer8 needs with tralning solullons whlch188d lo real and posSllve outcomes. Th8 davelopment of employability 5ki115 Is a priority In learning pathways. Our mlsslon Is lo give a groundlng in Ihe klnd of skllls r8qulred by ernployers and where posslble provlde valuable vnrk experience opportunitles whl¢h can be a blg help In imprDvlng confidence and molivallon. Locally our sepA¢os contribula to the prevenllon and rellef of poverty In thè T88s an Income and become 8eK-sulficlenL We know that there are huge benefi19 to leamlng. not least of all Ihe InGrea5e In confidence and personal fulfilment, motlvalion and overdll quality of life. Our alm is to encourage our leamers lo become activ• members of society and to promote the ethos of fundamantal 8rltlsh Values In thelr Ilve5. Graalest Exp8ctatlons h8$ a 51rcngly vested Interest in promollng tha local and natlonal economles by 5UPPOrtlng people to overcome "soclal barrier5. whlch 15 a term used to hlghllght inequalilles exi$t5ng ben Individuals for different reasons, 1.8. socloeconomlc slalus, rellglon, race, ethnicity or gender, and lately exacerbated by the current economSc dlmate. Greatest Ewectatlons 15 a proponent of collaboratlva working and malnlalns long standlng r81atlonshlps with aur prlme funder and a network of local organisalions, whl¢h often enable leamer5 to expedite their move Into employment. Leamer5 are at the heart of all declslons. Our commltment lo excepllonal inlormalion. advice and guidance has been underplnned by •Aatrix accreditatlon Since 2015. Where we cannot prov6d& help and support. we will use our network lo refer lo an altemativo. Key Alms of Greatest Expectallons To help peopl8 to build better lfves through educallon and training To unlock Individual potenllal To elimlnats physical and psychological barriers to leaming and development a5 far as possible To insplra, motlvale and challenge To prioritise employability and softer skills. includlng Gonfidence and self-belief To ensure teachlng, leaming and assessment are of exceptlonal quality To ensure all subjects are relevant and contextual lo the area and the needs of local peopl8 and employers Page 2
Graatost Expectatlons Umited Report of the Trustees for the Year Ended 31 Decembor2024 To ensure the leamer Is at the heart of currl¢ulum plannlng To engender a sUPPOrtlve, collaboratbve environmenl which is safa and welcomlng to all To monllor our intemal processes and systems so they are fit for purpose To provlde 8xceplional, bespoke infomatlon, advice and guldanc8 To use every practlcal tool posslble lo combal stress, loneliness and Isolation In learnerJ To culVate key relatlonshlp$ and creale ngw buslness opportunities, ensuring a sustalnable luture lor Greatest Expectatlcns To conlinue to Invest in our employees, which enhances our repulatlon and the quality ol dellvery to leam8r8 To malnlaln excellence In buslne55 praclices lch are rnlndful of, and promotg, our charitable a5ms Now in its fifteenth year, Greatest Expeclatlons supports unemployed people across lh8 Tees Valley lo movo closer lo work through focused trainlng and p8r50n81is8d support. We help Individuals build practlcal skills that matter to employers, offering h8ndswon leamlng, work 8XP8rtenc8. and aCtIv85 that boost confldence and motlvation. By worklng closely with lo¢al buslnesses, we support workforce development through training for both new r8crults and exlsting staff. Our programs alm to reduce poverty by encouraging long-tem employment, Independence and wellbeing. We promote equal c>pportuniti8S by helplng people overcom8 barriers Ilnked to Income, background or Sdenlity. Through strong partnershlps and trusted guldance ( recognlsed Matrix slnce 2015) we ensure gveryona recelves the right support at the rlght Ilme. STRATEGIC RepoRT Achl?vements and parfomianc• Followlng tha fundlng challenges we faced at the end of tha year. we continued to provlde tralnlng and support to Tees Valley resldents ereVer posslble, focuslng on the frawing areas First Ad and Disabillty Awareness for Private Hlre Drivers Bask computer and online skSlls, wllh preaemployablllty support - ntaI Health Awareness - Health and Soclal Carg QualltyAssuranpA We meet our alm$ through quality Internal 88surance whlch Is shared by the whole team. We have eglablished robust syslemg and process89 whlch BUPPOrt exceptional teaching leamlng and assessment, gnd alm always that our $orvlces be 8UPPOrtive. Inloimalive and ac¢esslble and makes uso of feedback from leamer5 to Identify areas of ex¢8llence and drlve continuous 5elf-Improvernent. Feedback Is used lo Infonn aur annual Quality Improvèmént Plan and Seff Awarenes$ R•view. We also conllnue to recelve strong faedback from extemal quality assurance vlslt$ and sampllng. and effectlve quality a88TTpJnrw ryL••ii* In tho fila;6 anOKnprth elkiww.Ilhs u ornpetltlve with slmllar organlsations. We have created products Bnd seDAces which meet sult leamer expeclations, resulllng In a larg8 number of people vtho retum to Greatest Expectations to progre55. When measurlng success wg wnslder the followlng crfteria In term$ of reportlng and Internal aims: - Quality standard5 achleved - Whether It ha5 met th¥ needs of the local communlty and IndustrSes Workforce upskllling Equallly and Dlversily (needs & targets) - Economic growth Cullural and social impact As a financlally responslble organlsatlon, continuously monitor data which quantifies and assèssos achlevemenis. progre55i0n rates and cuslomer sallsfaction.Strong leedback Is a key to securing further fundin9. This data will ultlmalely help Sn the pr8parallon of a self-assessment report, and help In a55esslng indrvldual staff perfornianca. Equallty and Dlvarslty Middlesbrough 15 an especially dlvers8 town and our dellvery engages a dlverse and representslive group of learner5. Grealest Expectallons strongly belleves in equallty of opportunlty for all, and ensure British Values, Safeguarding and Prevent are embedded into the cuffiGulum and inductlon. We strive to create a culture of respect and dlgnlty where everyone is welcome and indivlduals are free lo ralse and discuss issues opgnly. W8 monitor awareness of this thr¢Jugh the individual reaming plan al key polnts on the programme, and the wider impact through the leamevs awareness of 8quality and diversEty and how lo contribute effectively to British Il[8. Page 3
Gr•atast Expectatlons Llmlted Report of the Trustees for the Year Ended 31 December 2024 STRATEGIC REPORT Flnanclal r8view Greatest Expectallon5 maln source of funding thls year has been frorn our contract wlth Middlesbrough College. Incom8 ha$ also been supplemented wlth small scale contracts, logelher with dlsability awareness Irainlng and first aid training. Middlesbrough College have had a change In their strategy wilh almost total loss of any subcontractors. Gr8atest Expectations no longer acl as a subcontractor wlth Middlesbrough Coll8g8 and has therefore had to Implement Ihe reserves policy. Reducllon In Incorne from Middlesbrough College from August 2023 has necossilated uslng a portlon of our Charity Reserves. The net result for the year was a deficit of £25.731 (2023.. deflcll of £2,323). At the end of the y8ar our roserves slood at £79.475 {2023: £105.206), whlch conslsts of £79.475 unreslrl¢ted funds.12023: £105,206 unrestrlcled). Reserves Pollcy Th8 ch8rf1y maintalns mod8st reserves lo ensure contlnully of its cor8 aclivitles, allocated lo cover op8ratlng cost and planned programme dellvery In the comlng year. Golng Concem The trustees have consldered the posltlon ragarding going concem and conslder Et ig approprfale to prepare the financial ststeTnents on a going conc8m basls. Tho golng concem assumptlon Is based on an up to data buslness plan In place. Durlng the perlod, Middlesbrough College has restructured its op8rallng madel and has undertaken dulles In house and as a r8$ult the charfty has theraforo had lo Implement Ihe reser¥es pollcy. Savings hava b•gn made In 8laff c051s. reduclng siaff numbers from 10 10 4 employees. In addlllon the Trustees continue to work th provlderg of fundlng lo Investlgate opportunlti85 lo enhance the long term suslalnablllty of the charity. The trustees have irnplemenled a c05t redudion programme and as a result the Tru51ees conslder Ihe going concern basls to be approprlalo. Future Plans There are also ongolng Issues with decreased leamer engagement In the tTainlng sector as a whole, and whilo we have always responded robu511y to this lype of challenge. we are In no way complacent lo the task ahead In order lo sustaln our charltable endeav¢Jurs. Plans for 2025 Include: Increased awareness and plans to addre55 the levels of dlgltal poverty In the Tees Valley Provlslon of tralnlng and support, and easlng sodal Isolatlon, Ihrough mental health awareness Iralnlng Including worklng with varlous support hubs and local employers - To sourca new stream5 of fundlng to ensure Gfeale8t Expectatlons can contSnue to fulfil Its alms Greatest Expeclatlons Llmlled15 actlvaly seeklng sustainable fundlng to 5UPPOrt our charltable aims. We romaln commltted to provldlng as much support ag possible , io as many people a5 we can, for a5 long as resources allow and malnlalnlng a small core team to conllnu8 Ihls work. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Do¢ument The charily Is controlled by Its govemlng document, a deed of tNst, and conslltut89 a limlted Company, Ilmited by guarantee. as defined by the Companles Act 2006. Recrultment and Appolntment of New Trustees The board of Irustees has povmr to appolnt addltlonal Irustee5 as It conslders appropriate. Page 4
Greatest Expectatlons Llmltad Report of the Trustees far the Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal StTUCtu The Trustees are responsible for straleglc direction and pollcy of Ihe company and to ensure that It meets Its legal requlremenls. The Managlng Dlr8Ctor Is supported by the Finance Dlrector and Buslness Developmant Manager. The avérage number of employa8S throughout the year 4. In¢luding, but not limited to tutors and internal quality assur8nc8. admlnlstralors and employerlleamer engagemgnl18am. Pay Pollcy For Senlor Staff The Trustees conslder lh8 sonior rnanagemenl ieam the key manag8menl personnel of the charfty, In charge of dlrectlng and controlllng, runnlng and operatlng tha Gompany on a daily basls. The pay of 58nlor staff Is revlewed annually and normally Increased In Ilne wllh Inflation. based on the benchmarks of other 51mllar organlsations. R•crultm•nt Of New Trustoes The number and skills of Trustees Is revièwed annually and any g8p$ Identified. An exlsung tru31ee would approach sultabFe candldales vtho vhll be Invlled to attand Irusleo$' meetlngs as observers, before belng formally Invlted lo becoma 8 truslae following dlscusslons and th the provision of refaffenGe5. Trustees, r8Grullment is bound by tho same falr recruilmant processes as staff. Inductlon And Tralnlng Of N•w Trujtees A Trustee's inducllon covers Iheir legal obllgations under charity and company laws, role5 and responslbllltle3. organlsallonal stNGlure, health and safely and all company pollcles and procedure5, wlth empha$is on Equality & Diverslty, Health and Safety and Quality Assurance. Trusteès are bound by the sarne confldentlality agreement aB members ol staff. Rlsk Management & Trust••s Greatest Expedalion5' Trustees are duty bound lo review any pot8nlial risks whlch the charity may be exposed to, and to ensure that Ihe approprlate proG855es are In place to Pfovlda prolectSon agalnsl fraud. Trustees are aware ol the poienllal rfsks to the charity (financlal and other lypesl and has 5trategles to control or mlnlml$e ihes9 rlsks, whSch are regulady rovl8wed. REFERENCE AND ADMINISTRATIVE DETAILS 07006082 (England and Wales) R•glster•d Charlty number 1156726 Reglstered offlco Calvary House 3640 Grange Road Mlddlesbfough TS15BQ Trustees Mr W H Guthrle Dlreclor Mr M J Llthgo Director Mrs E J Donnelly Dlrector Company So¢retary Mr5 V G Guthrie Page 5
Greatest Expactatlons Llmlted Report of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Alan Richard Cousins FCA Cousins & Co Llmtted Chartered Accountants 18 Brenlnall Str88t Middlesbrough Cleveland TS15AP Banker5 HSBC Bank plc 60 Albert Road Middlesbrough TS11RS Accountant8 Cousln5 & Co Llmlted Charterod AGrountants 18 Brentnall Street Middlesbrough TS15AP Mr W H Gulhrio Is Ihe charftabl8 companV3 Managlng Dlrector. Report of the tru$lees. IncoTp¢Yaling a slralegl¢ report, approved by order of the board of trustees, as the c¢Jmpany dir•ctorB, on 27 August 2025 and sSgned on the board's behalf by: Mr M J Llthgo- Tru Page 6
Indepandent Examlner's Report to the Trustees of Groatest Expeclatlons Llmlted (Reglstered number: 07006082) Independent examlnerfs report to the trustees of Greatest Expectatlons Llmlted {*he Companrf) I report lo the charity trustees on my examination of the account5 of the Company for the year ended 31 D8c8mber 2024. Responslbllltles and basls of rnport As th8 charitys tru51ees of the Company (and also it5 dlrectors for Ihg purposes of company law) you are responsible for the preparntion of the accounts In accordance with the requir8menls of the Companies Act 2006 ¢thg 2006 Act'l. Havlng $ats'sfied myself that the accounts of the Company ara not requlred to be audiled under Part 16 of the 2006 Act and ara eligible for Independent examination. I r8POrt In respect of my examlnation of your charity's accounls as carried out under S¢¢tlon 145 of the Charities Act 2011 ('Ihe 2011 Act'l. In carrying out my gxaminalion I have followed thè Directlons glven by Ihe Charfty Commisslon under Séction 14S(S) (b) of Ihe 2011 ACL Independent examlner's statam•nt I have completed my examSnalion. I confimi that no rnatters have come to my attention In conngcllon wlth the examinallon givlng me cause lo believe: accountlng records were not kept In respect ol the Company 89 requlred by Sectlon 388 of the 2Q06 Acl; or thg accoun15 do not ac¢ord wllh those records: or the accounts do not cofflply with the accounting requlrements of Sectlon 396 of the 2006 Act other than any requlrement that the accounts glv& a true and falr vlew whlch 15 not a mattor considered as part of an Independent gxamlnation; or the accounts have not been preparèd In accordance wilh the methods and prlnclple5 of the Stat8m8nl of Re¢ommended Practlce for accountlng and reportlng by charitle5 (appllcablg to char6tles preparing thelr accounis In accordance wlth Ihe Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102)). I have no concems and have come across no other matters in connecllon with the examlnatlon to whlch attentlon should be drawn In Ihls report In ordgr lo enabl8 a woper understanding of the account5 to be reached. J (L CoJ8iL Alan Rlchard Cousln5 FCA The Institute of Charlered Accountants In England and Wales 1th4 A I,lrnllArl, Chartered Accountants 18 8rentnall Street Mlddlesbrough Cleveland TS15AP 27 Augusl 2025 Page 7
Greatest Expectatlons Llmlted statement of Flnanclal Actlvlties (Incorporatlng an Income and Expendlture Account) for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted funds Rèstricled fund Notes INCOME AND ENDOWMENTS FROM Charltable actlvltlas Provision of educallon and tralnlng 97,627 97,627 344,752 EXPENDITURE ON Charltable actlvltles Prov181an of educatlon and tralnlng 123,358 123,358 347,075 NEf INCOMEI(EXPENDITURE) {25,731) <25.731) (2,323) RECONCILIATION OF FUNDS Total fvnds brought forward 105,206 105,206 107,529 TOTAL FUNDS CARRIED FORWARD 79,475 79.475 105,206 The notes lorni part of these finandal statement5 Page 8
Grealest Expectatlons Llmlted (Reg15tergd numb8r: 07006082) Balance Sheèt 31 December 2024 31.12.24 Total funds 31.12.23 Total fund3 Unr8Stdcted funds Restrlcl8d fund Notes FIXED ASSEf5 Tangible assets 10 4.240 4.240 5,782 CURRENT ASSETS Cash at bank and In hand 80,748 80,748 105.561 CREDITORS Amounts falling due withln one year 11 {5,513) (5.513) (6,137) NET CURRENT ASSErs 75,235 75,235 99.424 TOTAL ASSETS LESS CURRENT LIABILITIES 79,475 79,475 105,206 NEf ASSErs 79,475 79.475 105,206 FUNDS Unreslrlcted funds 12 79,475 105,208 TOTAL FUNDS 79.475 105,208 The charltablè Company IB entltled to exemption from audlt under Sectlon 477 of the Companles Acl 2006 for the year ended 31 Oecember 2024. Tha member5 have not requlred the company lo obtaln an audit of Its finan¢lal slatements for the year •nded 31 December 2024 In accordanc8 wlth Section 476 of thg Companles Acl 2006. The tru51ees acknowledge their respon81bllili85 for (a) ensurlng that the charltable company keeps accountSng records that comply wlth Sections 386 and 387 of the nk& 2006 aiKI preparlng financlal slalements whlch give a tfue and fair view of th8 Stale of affalrs of Ihe Gharltable company as al tho end of each financlal year and ol Its surplus or deficlt for each financlal year in accordance with the requlrements of Sectlons 394 and 395 and whlch otherwis8 comply wlth Ihe requlrements of Ihe Companles Act 2006 relatlng to rinanGial slatamenls, so far as appllcabla to the charilable company. Thes0 financlal statements have been prepared In accordance with the provisions appllcable lo charftable ¢ompanles 5ubJect to the small companies reglme. (b) The financlal stalem8nl$ were approved by Ihe Board of Twslees and authorfsed for issue on 27 August 2025 and Vre signed on Its behalf by., Mr M J Lithgo The notes form part ol these financial statements Page 9
Gr••t••t Exp•clatlons Umlt•d Notei to th• Flnonclal Stst•ments forthe Y•ar Ended 31 Deeember 2024 ACCOUNTr4G POLICIES Ba•1# of preparfng th• flnanclal ¥tst•rn•nl8 The finanoal statement• af tha charitsl company. IJ • publlG bonefft antmy undw FRS 102. h•vo been prBpared In Accordance llh the Cholitm SORP (FRS 1021 'Accoufiling and Reporbng by Chariti¢¥ Slatemenl ol RèeA)mrn•nded Prnctice applicthh lo Cha1106 préparing thelr acc•unts in acconl•nce with Ihe Flnand•l Reportlng Stand8ft1 •pplicabk In thè UK and Reptsbll¢ ol Iland {FRS 102) 1 January 20151,, Flnanael Reporting standa 102 Tr Fln•ndal Reportlw Standwd •ppllc8ble In the UK •nd Republlc of Ireland, ond the Comp8nl•s Act 2006. The ffinanclal atal•mDnl8 have b••n prnpared under the hislorfcal cost L¥Jnv•ntlon. Al the time of approvin9 the accounts, th• Tnle•S hm 4 rnasonablv expedats'on that thè ¢rity ha8 adequate rEsoUf Ip conllnue In opèrnllonal exlst8nGe for the Iweeable ffut. Thus thè trustees cantlnu• lo •dopt the golng coruim b•$ls ol aco)unllnu In preparfng the accounls. Incom• All Income Is ror4nl•ed In Ihe Slalemonl of Flnancial Acdvlbe8 onrn the chadty hu enlltlofflenl lo the fvnd•, 11 l• probable that tha In¢pm• ElIved and amount be m•Murnd rnllably. Exp•ndllurn Liabllllle3 are recognlsed as expeTrJiture as soon as tharn l¥ a al or ¢onslnJcU¥e oblballon eommltono th• ch4rtty lo thAI •xpen(Iture,1116 prob•ble lthal a transfer ol e¢onomlc benefrts lll bè l•qLred In settlement and th• amount ol the obllgatlon CAn ba mèasured rellably. ndlr•I$ aeeountsd for an an acuuals ba• and has been dassifled under headlngi IhBt agqregal¢ all ¢08t related to th• category Indu¥ive olVAT whlch eannot be rec¢)vèr•d. Wh•r• ¢0sts cannol b• dlr•ctly attrlbutsd lo partIlIf h•adlfy they hw• bè•n •llocat•d to Actlvlllèj on a basls ¢on¥lBtent wilh the u8• ol re60wrai, T•nglbl• flx•d 18••ts Deprocl•Oon l¥ provlded It lh• lollothg •nnu•l rnt•5 In order to off •ach •88èt o¥er IIA lIMIt•d ui•h FLxture8 •nd rrtllng8 25% on r•dudng b•lanc• T4x•tlon Th• l• ex•mpl frum Co1rd110n tax on Il• charrt•ble ac111•1, Fund a¢¢ountlng Unre#trt¢ted fund8 Ix u8ed tn •¢18n¢t lth th• th4dt•ble obl•cllv•s at the dlocr•tlon olthe truBts••. Reslrld•d fiJnd$ ean onty bo uied for parttuilAr restrfctsd Pu08e5 vAlhln thè oblecls ol the chNrlty. RMlrfctjofft¥ arlse wthen 8wJfi•d by the donor fvnd• are ral8ed lor pirtlcular re8trlrAod PLtrpQ1. Furlh•r explanatlon ol Ihe nalure and pDrpo8e ol oa¢h rlI Included In Ihe nate8 lo lh• fin•nclal stAl•m•nts, IMCOMÉ FROM CHARITABLE ACTIVITIE8 31.1Z24 31.12.23 fjddlesbmugh Coleg• HBC Gr•nl Other Inr&8 Good Thlng8 Foundatlo 38,713 NIL S2,914 6,000 332,519 5,193 7.040 97,627 344.752 Incomi from Nlddesbrough Coll8p8 Is under the Educallon and Sklk Fvndlng Agency lor the prov151on of educatlon and Iralnlng to leamers. HBC Is Incorne ID 8sslst fellmern obtaln 8Wll¥ for fvluTr ernploymènt. The other Income 1$ fordlsablThty Irainlng al first ald tralnlng to the transport•llon 5edor,Good Thlng$ Founda16on Is Incom? lo asslsi wilh CV *wlllnp arKI help galn employment. Page 10 conllnued...
Greatest Exp8ctat]ons Llmlted Not•s to the Flnanclal Statements • contlnued for the Year Ended 31 Décember 2024 CHARITABLE ACTNITIES COSTS Direct Costs (see note 4) Support costs Totals Provlslon of education and tralning 121,222 2,136 123,358 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.12.24 31.12.23 staff costs Rent and rates Insurance Motor expenses Telephon8 and communlcadons Postage and stationery Compuler softwaro Sundrles Tralnlng Professlonal lee8 Dopreclallon Interest payable and ¥imllar charps 83.900 4,094 1,591 155.530 32,921 2.344 1,564 4,241 1,289 1,830 1,198 105,386 36,649 1,927 60 4,585 951 1.244 244 5.318 17,694 1,541 60 121,222 344,939 NET INCOMEI(EXPENDITURE) Net Incomel(expendltura) is stated after charglngl{credltlng}: 31.12.24 31.12.23 Depreclation - owned a53eis 1,542 1,927 TRUSTEES,. RFMIIfrJFP4JIOFIAIID aFIIFFITS. In accordance wlth the expre¥5 authorlty given In a re501utlon of the Board of Trustees, Mr W H Gulhrfe was In posIon of paid employment durlng the year wlth a gross salary of £43,126 (2023: £55,737) vthlch Included natlonal Insurance. Trusteo$' exponses Thera were no tru5tees' expenses pald for the year ended 31 Dember 2024 nor for the year endad 31 December 2023. STAFF COSTS The average monlhly number of ernployees during Ihe year was as foNows: 31.12.24 31.12.23 10 Admlnlstration No employees received emoluments In exce55 of £60,000, Page11 continued...
Greatest Expectatlons Llrnrted Notes to the Flnanclal Statements - contlnued for the Year Ended 31 DorAmber 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricled fund Total nds INCOME AND ENDOWMENTS FROM Charltable actlvltles Provislon of education and Iralning 344,752 344.752 EXPENDITURE ON Charltable actlvltles Provlslon of educatlon and tralnlng 347.075 347,075 NEf INCOMEI(EXPENDITURE) (2,323) <23231 RECONCILIATION OF FUNDS Total funds brought forward 107.529 107,529 TOTAL FUNDS CARRIED FORWARD 105,206 105.206 GOVERNANCE COSTS Goveman¢e costs Includo accountancy fees of £2.136 {2023.. £2,136) whlch Include5 the Independant examln?r fee of£1,020 (2023: £1,020) 10. TANGIBLE FIXED ASSErs Flxtures and fiitlngs COST At l January 2024 21,146 ,ObilJ At 31 December 2024 19,088 DEPRECIATION At 1 January 2024 Chaige for year Ellmlnatod on dlsposal 15,364 1,542 12.0581 At 31 DeGember 2024 14,848 NEf BOOK VALUE At 31 December 2024 4.240 At 31 December 2023 5,782 Page 12 continued...
Greatest Expectatlons Llmltod Notes to the Flnanclal Statements - contlnued for the Year Ended 31 Dacember 2024 11. CREDITORS: AMouKfs FALUNG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trad8 creditors Social securlty and other taxes Accrued expgnsgs 1,602 2,495 2,040 3,473 2,040 5,513 6.137 12. MOVEMENT IN FUNDS Net movemenl In funds At 31.12.24 At1.1.24 Unr?strfct•d funds General fund 105,206 (25,7311 79,475 TOTAL FUNDS 105,206 125,731) 79,475 Net movem8nl in furKls. Included in the above are as follow3: Incomlng re50urceB Resources expended Mov8mènt In funds Unrnstrlct•d funds General fvnd 97,627 {123,358) 125,731) TOTAL FUNDS 97,627 (123,358) (25,731) Comparatlves for movement In funds Net movement In fund8 At 1.1.23 31.12.23 Unrestrlcted funds General fvnd 107,529 {2.323) 105.206 TOTAL FUNDS 107,529 (2,323) 105.206 Comparative net movement In funds. Included In Ihe above are as follo1. Incomlng resources Resources expended Movement In funds Unrestrfeted funds General fund 344,752 (347,075) (2,323) TOTAL FUNDS 344.752 (347,075) {2,323) Page 13 continued...
Greatest Expectatlons Llrnlted Notès to the Flnanclal Statements . contlnuad for the Year Endèd 31 D8¢omber 2D24 12. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined posltlon Is as follows; Net movement in funds Al 1.1.23 31.12.24 Unre3trlcted funds General fund 107,529 (28.054) 79,475 TOTAL FUNDS 107.529 (28.054) 79.475 A curr8nl year 12 months and prior year 12 monlh5 comblned net mov8ment in funds. Included Sn the above are ag follows: Incomlng resources R8source5 expendod Mov8m8nt In funds Unr•8trlct•d funds General fund 442,379 (470,433) {28,054) TOTAL FUNDS 442,379 (470,433) {28.054) 13. RELATED PARTY DISCLOSURES Durlng Ihe year the company pald rent cf £NIL (2023.. £23,000) lo a company controlled by Mr W H Gulhrle. Page 14
Greatast ExpectatlonB Llmlted Dotalled Statement of Flnanclal Actlvltles for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Charltable actlvltles Granls Pmvlslon of educatlon and training 6.000 91,827 12.233 332,519 97.627 344,752 Total Incomlng rnsources 97,627 344,752 EXPENDITURE Charltablo actlvltles Wages P8n51ons Rent and rates Insurnnce Motor expenses Telephone and communScations Postage and slalionery Computer software Sundrias Tralnlng Professional fees Depreclallon of tanglble Ilxed a338ts Bank Interest 83,511 389 146,693 8.837 32,921 2.344 1.584 4,241 1.289 1.830 1,198 105.386 36,649 1.927 60 1,591 4,585 951 1,244 244 5,318 17,694 1.541 121,222 344.939 Support costs Govemanco costs Accounlancy 2,136 2.136 Total resources expended 123.358 347,075 Net exp•ndltur• 125,731) (2,323) Thls page does not fomi part of the statutory financial statem8nt$ Page 15