EmployabilityUK
TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS
for the Year Ended 31 December 2023
© EmployabilityUK 2024 Registered charity number: 1159718 Version 1 09/07/2024 Page | 1
Table of Contents
........................................................................................................................................... 1 MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS................................................... 3 TRUSTEES ANNUAL REPORT ................................................................................................ 4 ACCOUNTS FOR YEAR ENDED 31ST DECEMBER 2023 ............................................................ 5
© EmployabilityUK 2024 Registered charity number: 1159718 Version 1 09/07/2024 Page | 2
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS
Registered Charity Name EmployabilityUK Registered Charity Number 1159718 Registered Office The Enterprise Hub 5 Whitefriars Street Coventry West Midlands CV1 2DS Trustees Joel Blake OBE Lynn England - Officially stepped down at the March 2023 meeting. John Bradford Mark Body Jake Richings Martyna Adam Chair Joel Blake OBE Treasurer John Bradford Bankers COOP Bank Independent Examiner Et Voila Accountancy Services Limited Isis House Smith Road Wednesbury West Midlands WS10 0PB
© EmployabilityUK 2024 Registered charity number: 1159718 Version 1 09/07/2024 Page | 3
TRUSTEES ANNUAL REPORT
Due, not least to the challenges facing all charities, over the past year EmployabilityUK has faced significant difficulties in securing adequate funding, which has critically impaired our ability to deliver our programmes as effectively as in the past. The primary issue stems from a recurring predicament: when we dedicate our efforts to applying for grants and seeking donations, we are temporarily unable to deliver our programmes to their full extent. Conversely, when we focus on programme delivery, our capacity to seek and secure new funding is markedly diminished. This cycle has created a persistent constraint on our operational capabilities. This could be remedied by a significant injection of capital.
As a result of this funding shortfall, we have been compelled to implement certain cutbacks to maintain our basic operations. While these measures have enabled us to continue functioning, they have inevitably impacted our overall productivity and the scope of our services. The necessity to reduce resources in key areas has led to a diminished capacity to achieve the high levels of impact that our high quality programmes are designed to deliver and reduced the ability for us to market ourselves at the scale that we need to attract the level of income that we require.
This situation underscores a critical need for more sustainable funding solutions. Without a stable financial foundation, our charity cannot operate at full capacity, limiting our ability to serve the community effectively. We remain operationally prepared and will continue to seek the stability needed to provide our critical work.
We are working hard on relationship development and seeking support and collaboration with various partners, as well as reviewing the option of developing alternative business models to address the funding gap and ensure that we can continue to provide essential services without the ongoing disruption caused by the current funding challenges.
© EmployabilityUK 2024 Registered charity number: 1159718 Version 1 09/07/2024 Page | 4
Charity number: 1159718
EMPLOYABILITYUK
ACCOUNTS FOR YEAR ENDED 31ST DECEMBER 2023
Independents examiner's report to the Trustees of EmployabilityUK
I report to the trustees on my examination of the accounts of EmployabilityUK (the charity) for the year ended 31st December 2023
Responsibilities and basis of report
As the charity trustees of EmployabilityUK are responsible for the preparation of the accounts in the accordance with the requirements of the Charities Act 2011 (the act)
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the charities commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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Accounting records were kept in respect of the Trust as required by section 130 of the Act; or
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The accounts do accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Miss Sally Wainwight, ACMA
6th February 2024
Et Voila Accountancy Services Limited
Isis House Smith Road Wednesbury West Midlands WS10 0PB
Receipts and Payments Accounts year ended 31 December 2023
| Notes Receipts: Grants and Donations 2 Kickstart Scheme (restricted) Total Payments: Salaries & Wages Consultancy & Professional Fees Telephone & Office Subscriptions Marketing Printing, Postage and Stationery Insurance Travel Accountancy Fees Bank Charges Miscellaneous Total Net Receipts/ (payments) 3 Cash Funds at 31 December 2022 Transfer between funds Cash Funds at 31 December 2023 |
31st December 2023 £ Total Funds £ 50,490 50,490 50,490 50,490 37,115 37,115 33,686 33,686 750 750 548 548 2,716 2,716 2,307 2,307 2,441 2,441 4,072 4,072 1,267 1,267 - 384 384 85,286 85,286 (34,796) (34,796) 115,520 115,520 80,724 80,724 |
31st December 2022 £ Total Funds £ 68,872 68,872 24,591 24,591 |
|---|---|---|
| 93,463 93,463 |
||
| 43,614 43,614 47,787 47,787 1,809 1,809 240 240 1,544 1,544 301 301 157 157 5,581 5,581 1,339 1,339 - 1,222 1,222 |
||
| 103,594 103,594 |
||
| (10,131) (10,131) 125,651 125,651 |
||
| 115,520 115,520 |
Statement of Assets and Liabilities as at 31 December 2023
31st December 2023 31st December 2022
| Unrestricted Funds £ Cash Funds Trade Debtors - Cash at Bank 77,081 77,081 77,081 77,081 Assets retained for the charity's own use Laptops 4,133 4,133 4,133 4,133 Liabilities Trade Creditors 490 490 490 490 80,724 80,724 Total £ |
Unrestricted Funds £ 111,387 111,387 4,133 4,133 115,520 115,520 111,387 111,387 4,133 4,133 Total £ |
|---|---|
These Financial statements were approved by the trustees on 6th February 2024 and signed on their behalf:
Joel Blake
Chair
Notes to the financial statements
1) Receipts and Payment accounts
Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context "cash" includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for d bt th b d
| 2) Grants and Donations National Express Coventry Building Society Individual Donations 1961 Trust Carter Thermal Industries Breathe Fairfax Multi Academy Hadley Colearning Community Sandwell College Coundon Court Birmingham University Birmingham Ormiston Birmingham Games GBCH Hospice (legacy) Goldman Sachs Kagool Sport Birmingham Kickstart Scheme Birmingham Sport and Physical activity Trust |
Unrestricted funds 2023 Total funds Unrestricted funds Restricted funds 2022 Total funds £ £ £ £ £ 5,000 5,000 30,000 30,000 30,000 30,000 25 25 5,000 5,000 5,000 5,000 2,000 2,000 180 180 1,500 1,500 1,185 1,185 1,500 1,500 1,500 1,500 9,000 9,000 774 774 400 400 4,999 4,999 7,500 7,500 600 600 800 800 9,999 9,999 2,400 2,400 24,591 24,591 |
|---|---|
| 50,490 50,490 68,872 24,591 93,463 |
Notes to the financial statements
3) Funds
| Unrestricted funds Restricted Funds Total Funds |
Balance at Resources Excess 1st January 2023 Expended funds 31st December £ £ £ 115,520 (34,796) 80,724 |
|---|---|
| 115,520 (34,796) 80,724 |
4) Related party transactions and Trustees' expenses
The Trustees all give generously freely their time and expertise without any form of remuneration or other benefit in cash or kind (2022: £nil).
No Trustees, or person related or connected by business to them has received any payments or other benefits from the charity during the year.
Whilst there is no separate Trustee Indemnity Insurance purchased, Trustees are covered by the Employer Liabilities section of EmployabilityUK’s overall insurance.