## **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**
1. Accounting records were kept in respect of the Trust as required by section 130 of the Act; or
2. 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.