# **EmployabilityUK** ## **TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **for the Year Ended 31 December 2024** Registered charity number: 1159718 Version 1 25/03/2025 ©EmployabilityUK 2025 1 ## **Table of Contents** _**MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS .............................3 TRUSTEES’ ANNUAL REPORT ...................................................................................4 ACCOUNTS FOR YEAR ENDED 31[ST] DECEMBER 2024…………………………….5**_ Registered charity number: 1159718 Version 1 25/03/2025 ©EmployabilityUK 2025 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| ||John Bradford| ||Mark Body| ||Jake Richings| ||Martyna Adam| ||Charlotte Yeoman| ||Manish Vyas| ||Nigel Taylor| |**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| Registered charity number: 1159718 Version 1 25/03/2025 ©EmployabilityUK 2025 3 ## **TRUSTEES’ ANNUAL REPORT** As we have continued to operate in an ever-increasingly volatile and challenging time for the charity sector over the past year, EmployabilityUK has faced significant difficulties in securing adequate funding, which has critically impaired our ability to deliver our core services and programmes as effectively as in the past. The primary issue stems from a core predicament: our dedication and efforts to apply for grants and seeking donations that would enable us to invest in centralised resourcing often result in us being temporarily unable to deliver our programmes to their full extent. Conversely, when we focus on programme delivery, this reduces our capacity to focus on securing new funding at a time when the number of historical and eligible funding streams has either been reduced or is no longer in existence. As a result of this cycle of negativity, we have consolidated our range of services into a core mainstream programme, with options for our partners to receive bespoke and tailored solutions where appropriate and achievable. In addition, we have pivoted our narrative within our target market to be engaged as a consultative facilitator for employability, whilst having had to implement a reduction of both contractor and parttime staff to maintain our basic operations. We have also added new trustees to our board who bring significant experience that aids our operational insights and needs, as we seek to be more aligned as a strategic partner based on our ability to drive thought leadership, positive impact and sector growth support through our consolidated programme. Though we have seen an immediate positive impact of this regarding the enhancement of our processes and systems to mitigate the external impacts on our organisation, the issue of adequate funding for resourcing and growth has become even more important and our ongoing number one priority. It is clear that without a stable financial foundation, our charity cannot operate at full capacity, limiting our ability to serve the community effectively. As an evidence base, we have also seen the impact of this across other charities and charitable organisations in our network - for example, we are aware of at least 3 organisations who have had to close their business for the same reasons within the last 8-12 months. However, despite the issues we see and face, we remain focused on maintaining effective governance and continually seek to source personnel where required to meet these needs and will continue to operate in an agile and lean capacity to provide our critical work. Relationship development with existing and new partners is a key part of our strategy moving forward, both in terms of new revenue streams and the future development of alternative business models to address the funding gap and ensure that we can continue to provide the essential services to meet the needs of all our beneficiaries and stakeholders. ## _**Joel Blake, Chair**_ Registered charity number: 1159718 Version 1 25/03/2025 ©EmployabilityUK 2025 4 Charity number: 1159718 ## **EMPLOYABILITYUK** # **ACCOUNTS FOR YEAR ENDED 31ST DECEMBER 2024** ## **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 2024 ## **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** GT atts sg A 9th February 2025 Et Voila Accountancy Services Limited Isis House Smith Road Wednesbury West Midlands WS10 0PB ## **Receipts and Payments Accounts year ended 31 December 2024** |**Notes**
**Receipts:**
Grants and Donations
2
**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 2023
Transfer between funds
Cash Funds at 31 December 2024|**31st December 2024**
**£**
**Total**
**Funds £**
17 720
17 720
17 720
17 720
31 800
31 800
11 700
11 700
962
962
1 430
1 430
800
800
1 430
1 430
2 137
2 137
4 602
4 602
1 382
1 382
-
8
8
56 251
56 251
(38 531)
(38 531)
80 724
80 724
42 193
42 193|**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| ## **Statement of Assets and Liabilities as at 31 December 2024** |**31st December 2024**
**Unrestricted**
**Funds**
**£**
**Cash Funds**
Trade Debtors
-
Cash at Bank
38 060
38 060
38 060
38 060
**Assets retained for the charity's own use**
Laptops
4 133
4 133
4 133
4 133
**Liabilities**
Trade Creditors
-
-
-
42 193
42 193
**Total**
**£**|**31st December 2023**
**Unrestricted**
**Funds**
**£**
77 081
77 081
4 133
4 133
490
490
80 724
80 724
77 081
77 081
4 133
4 133
490
490
**Total**
**£**| |---|---| These Financial statements were approved by the trustees on 8th February 2025 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**
Coventry Building Society
Individual Donations
1961 Trust
Breathe
Fairfax Multi Academy
Hadley Colearning Community
Sandwell College
Coundon Court
Birmingham University
Duke of Edinburgh Award
Amey LG Limited
Mobilus
Goldman Sachs|**Unrestricted**
**funds**
**2024**
**Total funds**
**Unrestricted**
**funds**
**2023**
**Total**
**funds**
**£**
**£**
**£**
**£**
30 000
30 000
25
25
5 000
5 000
180
180
1500
1 500
1185
1 185
1500
1 500
1500
1 500
9000
9 000
10120
10 120
7500
7 500
100
100
600
600| |---|---| ||**17 720**
**17 720**
**50 490**
**50 490**| ## **Notes to the financial statements** ## **3) Funds** |Unrestricted funds
Restricted Funds
**Total Funds**|**Balance at**
**Resources**
**Excess**
**1st January**
**2024**
**Expended**
**funds 31st**
**December**
**£**
**£**
**£**
80 724
(38 531)
42 193| |---|---| ||80 724
(38 531)
42 193| ## **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 (2023: £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.