MOVEMENTTO WORK (Mtw) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31" MARCH 2023 CHARITY NUMBER: 1160325 MOVEMENT TO WORK h40IEk1EN- TO Contents'.- Page: Chairfs report Report of the Tru5tee5 Independent examiner's report io Statement of financial activities li Balance sheet 12 Statement of cash flows 13-17 Notes forming part of the financial statements Reference and admlnlstratlve detalls Trustees Charles Woodburn (Chairl Olly Benzecry Emrna Taylor Se¢retsry and registered office Gillian Churchill, CEO, Movement to Work, clo Prince's Trust, 8 Glade Path, London, SEI 8EG Independent Examlner Anthony Epton Goldwin5 Ltd, 75 Maygrove Road. West Hampstead London NW6 2EG Bankers HSBC Bank plc, West End Corporate Centre, 5th Floor, 70 Pall Mall London SWIY 5EZ Solicitors CMS Cameron McKenna Nabarro Olswang LLP. Cannon Place, 78 Cannon Street London EC4N 6AF Charity registration number 1160325 MOVEMENT TO WORK h40IEk1EN- TO CHAIR'S REPORT Thi5 year tnark5 ten year5 of Movement to Work. Over the last dec3de, along with our ernployer mernber5 Bnd partners, I'rn proud to report th8t we have collettively delivered more than 161,0001 opportunities for young people across the country since 2013. While this is a significant rnilestone, with youth unemployment still three times the national average and the number of young people not in education, employment or training currently sitting at nearly 800.(K)O, there remains much to be done to help this group. It's undoubtedly a trying time for many young people across the UK. The aftermath of the Covid-19 pandemic continues to be acutely felt by young people, exacerbated bythe cost of living crisis and other significant world events. The latest Youth Ernploytnent UK Youth Voice Censu5 shows that young people are feeling disenfranchised and disconnected, with the mental health crisis in this group worsÈning . A lack of work experience, anxiety and mental health challenges are the biggest barriers young people feel they face in finding a job,. Movement to Work is dedicated to helping these young people. working with our network of employers, partners and Government, to equip them with the experience, skills and self-confidence they need to succeed. During my time as Chair and Truste@ of the charityp I'v@ seen first-hand how working in partnership with our employÈr members and partners is helping more young people to confidently enter the workplace and embark on their chosen path. Over the past 12 rnonth5,1'm proud that programme delivery ha5 Continued to grow and in the year ending 31 March 2023, Movement to Work delivered 19,486 opportunities to young people across the UK, with 87%5 of those achieving a positive outcome. We have focused this year on further growing our network of employers, with new members joining from across the recruitment, construction, engineering, leisure, retail and hospitality sectors, as well a5 continuing to support our network of existing etnployers and training provider5 in the continued delivery of programrne5. To our employer members and partners new and old, thank you for your support. We have ¢ontinued to evolve our delivery partner network (Youth Engagement Network) to in¢rease participation in Movement to Work programmes and 3ttr3Ct more young people to opportunities, signing strategic partnerships with Youth Ernployment UK, YouthBuild, YMCA, arnon8St others. We have also launched our Youth Voice programme which will provide the Movement's employer and partner members with access to real-time, data driven insights on key youth employ3bility chzllenges, helping to ensure our programmes tontinuÈ to meet thÈ ÈvÈr-thanginE needs of young pÈople. Looking ahead, we remain focused on broadening delivery across a greater number of employers to deliver even more opportunities and pathways to a greater number of young people who face barriers to employment. Despite the ongoing challenges, our members are committed to creating quality opportunities that give young people a route into long-term ernployment, while helping their business access the talent they need to Succeed. We look forward to continuing our work, to further grow the Movement and help even more young people up and down the country fulfil their true potential. Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com Date.. 0511212023 Placement and p051tive outcome5 data captured quarterlythroughout theyear. Figure Is cumulative 2013-QI 2023 Young People= aged 16-30 facing barrier5 to ernployment Youth VoiEe Censu5 2023, pÈgÈ 11 Youth Voice Census 2023 page 79 A p0511ive outcome 15 based oDthe number of work placements completed leading to onward ernployment. training andloreducation and direct entry role51apprentice5hip where the Mtw-eligible parti(ipantjoin5 theworkforce directly without a placetnent. In thi5 period lQ2'22. QI'231 Mtw deliver¥- 19,486 made up of 8,170 placements started14,129 completed), and 11.316 directentry mles started. Of the 4,129 pla￿Ments(0￿pleted, 51% led to positive outcomes12.IWI. In addition tothi5. 11.316 direct entry roles are 3150 considered a5 Positive outcomes therefore over311 positlve outcomes=12,100+11,3161114,129+11,3161- 87% MOVEMENT TO WORK h40IEk1EN- TO REPORTOFTHE TRUWEES FOR THE YEAR ENDED 315t MARCH 2023 The trustees are pleased to present their annual trustees, report tOEether with the financi31 statements of the charitv Movement to Work IMtWI for the year ended 315t March 2023. The financial statement5 comply with the Charities Act 2011, the charity's Constitution, and Accounting and Reporting by Charities-. Statement of Recommended Practice, applicable to tharitiÈ5 preparing their atcount5 in accordantÈ with the Financial RÈportine Standard applitablÈ in the UK and RÈpublit of Ireland IFRS 1021. The trustees confirm that, In developing and revlewlng the alms and purpose of the charity, along with future strateEIc objectives, due regard has been given to public benefit guid3nce issued by the Ch3rity Commission for England & Wales (referred to as-the Charlty Commission" In the rest of this document). Our pyrpose5 and activities We are a not-for-profit coalition of UK employers who work to tackle youth unernployrnent and invest in the future of our econorny. The purpose of the charity is to work with partners and employers to create great opportunities for younE people to build their careers. Our mlsslon is to level the playing field for all young ￿Ople by removing barriers to employment through quallty work- placements, tr3ining 2nd other job opportunities. We are a busine55-to-business organi5ation 5UPPOrting employer5. training providers and charities to unlock more opportunities for young people aged 16-30. We also have defined principles to how we operate-. Influence.. Understand the wider landsc3pe Df youth employment and work with businesses to address the youth unemploytnent challen8e with qualitywork placernent5 and direct employment opportunities. Oelivery.. Work with businesses and partners to increase delivery across all sectors to increase the number and diversity of opportunities available for young people., ConnÉttion.' Bringing employers and partners togÈthÈr to provide a bridge for young pÈoplÉ into opportunitiÈs, to improve their outCOmÈ5. Relevance.. KeepinEyoung people atthe heart of everythingwedo and leveragingthe learninES of employersand partners to constantly evolve our offering to ensure we meet the needs of young people. We do this by encouraglng UK employers to joln Movement to Work and offer meaninEful work experience and dirett- Snto- work opportunities, 3ccompanied by training and pre-employability coaching, to young people who are not in educ3tion, employmeni or training INEETI, with an emphasis on those facing barriers to work. We promote programmes which help build experience. skills and confidence in youn8 people. We are 5UPPOrted by a ¥a5t network of busine55e5, the Government, the TUC & CBI. In the year ending 31 March 2023, Mtw delivered over 19,486 opportunities to NEEfyoung people across the UK with positive outcomes of over 87%6 We advocate for 3 quality experience for the participant with the potential for a sust3in3ble ￿reer beyond the placement. We make this h3ppen in four key w3yS'. Build our employer network.. IdentifvinE and targetinE key sectors ènd industries where there is a need for youngtalent,. Build ouryouth Eng3gement Network.. We workwith a r3nge of expert P3rtners- includingThe Prince'5 Trust, The Launch Group and People Plus. Our partners help employers to source candidates and provide support and additional training to deliver progratntne5', Connecting our network.. Connect our employer 3nd partner networks individu311y and collectively for greater imp3Ct. Youth engaEement-. Ensuringyoung people are atthe centre of evewhing we do, leveragingtheir insights and experiences to drive change. See footnote #3 in Chairfs report MOVEMENT TO WORK h40IEk1EN- TO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 20231CONTIAIUEDJ In support of these, in 2022-23, as we emerged from the pandemic and its aftermath, we progressed the following key prioritie5'. Enhancing and protecting Mtw's reputation for quality of delivery and relevance in the marketplace to ensure youth employment continues to remain high on the agenda for our businesses and government,. Broadening delivery of Mtw programme5 across a greater number of employers and diversification of sectors, while supporting programme delivery across our existing employer base,. 3. Supporting our network of employers to deliver relevant and quality work experience, drawing on government-funded programme5 where appropriate and the provision of guidance to help them navigate the complex landscape of youth employability programmes.. 4. Continue to grow our Youth Engagement Network (formerly the Approved Partner Network), identifying strategic partnerships in order to SUPPOrt our business network with the delivery of programrnes and inspire more young people to take up opportunitie5,' Continue to evolve the Movement's offerin& including the exploration of additional pathways to support young people into employment and improve positive outcomes,. Activate our network of influence to atnplify busine55 voice and advocate for change, facilitating open discussion on topics relating to youth employability and the challenges young people and businesses are facing. In 2023-24, as the country struggles with a rising cost of living and a forecasted significant increase in youth and overall unemployment, we are focusing on the following key strategic priorities.. Continue to broaden delivery of Movement to Work programmes across 8 greater number of employers and diver5ification of sector5 to increase overall programrne delivery. while sUPPOrting and driving delivery across our existing employer base,. Ensure Movernent to Work continues to stay relevant by evolving our offerin& including the exploration of new and addititsnal pathways to support young people into employment and improve positive outcomes,. Deliver a proartive brand and comtnunication5 strategy to rèi5e awareness of Movement to Work and drive engagement with key audiences, ensuring youth employment continues to remain high on the agenda for businesses and government. Continue to deliver value to our employer base through the reinvigoration of the Movement to Work network,. Activate our network of influence to amplify busines5 voice and 3dvocate for change. facilitating open di5CUS5ion on topics relating to youth employability and the challenges young people and busines5e5 are facing. Continue to evolve our Youth Engagement Network, identifying strategic partnerships to support employer5 Wlth the delivery of progr3mrne5 and inspire more young people to take up opportunitie5,' Ongoing focus on operational rigour, including adequate resourcing and fundin& and process improvement to drive increased efficiencies across the charity. MOVEMENT TO WORK h40IEk1EN- TO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 20231CONTIAIUEDJ Our operatln8 model Mtw is a collaboration of UK employers, Government and Civil Society who have come together to support young people not in education, employment or training, into jobs. Placements and positive outcomes.. Participating employers typically offer between 2-6 weeks, quality work experience and training. Where p055ible, these placement5 are linked to job5. Mtw also 5UPPOrts busine55e5 to recruit directly into the workforce without the need for placements, either through an apprenticeship or a permanent st2ff role. These are classed as'Direct Entry, roles and are inclLJded in Mtw delivery. We have over 100 organi5ation5 involved. including FTSE 50 companie5 and a range of expert delivery p3rtner5. including The Prince'5 Trust, Springboard, Catch 22, The Launch Group and People Plus. Our partners help employers to source candidates and deliver programmes and additional training. Some of our employers have seconded members of their organisation5 to form a srnall operations te3m who run the charity day-to-day. The ctssts of these individuals are covered by their respective ernployers resulting in gifts in kind being recognised for these services. The operations team reports to the CEO for Mtw, who operates with delegated authority from the Mtw Steering Group ICIO Members). The following ernployers and partners have seconded mernbers of staff to the programme team over the course of 2022-23.. Accenture. The Prince's Trust, BAE Systems, Civil Service, Diageo, Sage and M&S. The Steering Group is chaired by Ch3rles Woodburn Ipreviously Olly Benzecry until February 20231. It has representation from senior repre5entative5 of private, public and non-for-profit sector org3nisations. The Steering Group guides the strategy of the Movement, provides constructive challenge to the CEO in support of robust outputs, determines the feasibility of recommendations coming from the CEO,. highlights individuals and sources of information that could assist the core team in pace andlor quality of delivery, and advocates the Movement in relevant executive forums. Its members during the year were as follows.. Emma Taylor. Chief People Officer, Tesco Simon Eaves, Market Unit Lead United Kingdom & Ireland, Accenture succeeded by Shaheen Sayed, Market Unit Lead United Kingdom, Ireland, and Africa, Accenture Debbie Alder, Director General of HR, DWP Zahra Bahrololoumi, CEO UK/I, Salesforce Sacha Berendji, Retail, Operations & Property Director, M&S Chri5 Jack50n, Group Head of Colleague Experience, Centrica Tony Danker, Director General of the CBI Ed Petter, Group Corporate Affairs Director, BT Group the late Ivan Meneze5, CEO, Diageo succeeded by.. Nuno Teles, Managing Director UK, Diageo joanna Chugh, Area Vice President, UK, Ireland and Nordics, Marriott International Sebastian Muden, Executive Vice President & General Manager, Unilever UK & Ireland. succeeded by.. Richard Sharp, Head of Unilever UK and He3d of HR for Unilever UK & Ireland Tristrarn Robert5, Group HR Oirector, Barclay5 Kevin Rowan, Head of Organising, Services and Learning, TUC Jonathan Townsend, CEO. Th& Prince's Trust Charles Woodburn, CEO, 8AE Systems MOVEMENT TO WORK h40IEk1EN- TO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 2023 ICONTIAIUED) Achievement5 and Performance Mtw has helpedthousands of unemployed youn8 people by8ivin8them the skills andconfidenceto find employment. Between launching and end of March 2023 over 161,000 opportunities were delivered7 Financial Review Collaboration sits at the heart of Mtw. The charity is run by a core team who are mostly seconded from participating employers. A rotational system Is in place. meaning employers take turns to second a relevant person to the core team Each employer bears the respective5alaryc05tforeach 5econdment. In FY 2022-23, 50rneemployer5 Optedtoforgothesecondment infavourof a cash donation to the charity, which will be used to maintain the operations of the charity. Where appropriate, this will include the provision of consultant servites. Additional 8ift5 in kind and pro bono 5UPPOrt have a150 been provided by participating employers and partners. These includes provision of Trustee Insurance (Marks & Spencerl, provision of events space (Marriott), provision of events space, food, and refre5hment5 IBTI, provision of legal seivice5 ICMS & A5hur5tl, provision of CRM licences ISale5forcel, a￿d provi510n of Marketi￿g. PR and creative service5 ISMARTSI. In the period, the charity has recogni5ed incoTne amoLJnting to £636,649 of which E377,349 wa5 in relation ta donation5 in kind and expended £645,676. in furtherance of its objettives. At 31 March 2023the charity held unrestricted reserves amounting to £146.094. Investment powers and poli¢y The charity's available funds 3re kept in a non-interest-bearing bank account. Resevves policy Reserves are needed to bridgethe gap between the5pending and receivingof income and to cover unplanned eTnergency repairs and other expenditure. The current reserve rninimum 15 Set at ES0,000 a5 of 31 March 2023. Plansforfuture perfods In FY2023-2024 we anticipate the fundin£ of a Head of Communications and Brand and Digital Lead to Support with activatin£ our network of influence to 3mplify our external brand and comm5 presence. and two Regional Development Leads ro supporr wirh continued bu5ine$5 develDpment in the South and Midlands, as well a5 fundinE of a se¢ondee from The Prince's Trust to manage partnership activation across our network. Trustees and manaeemert The trustees and officers serving durin8 the financial yearwere as follows.. MtWTru5tee5'. Oliver BenEecry, Mtw Chair lappointed on 4 February 2015, re-elected 8th Dec 20211 the late Ivan Menezes, CEO Diageo (appointed on l May 2017, re-elected 6 lan 20211 Charle5 Woodburn. CEO 8AE Sy5tem5 (appointed 9 January 2020, re-eleited 13th Dec 2022 and assumed Chair l February 20231 Key Mtw management personnel= Gillian Churchill- CEO, February 2022- Present 7 Pla￿MeThI and positive outcomes data captured quarterly throughout rhe year. Figure iscumulative 2013-QI 2023 Higherexpenditure In FY2022-2023was largely attributed to increa5e5 In re50urcing coststo 5UPPOrt the furtheranceof the charitls reduction in donated Isecondedl st4ff, with resourcing c05tsforec45ted to redu￿ signiftantlyin FY2024-2025 dueto an in(rea5e in donated 15erondedl staff MOVEMENT TO WORK h40IEk1EN- TO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 2023 ICONTIAIUED) Strurture. Governance and Management Governing D￿￿meThI Mtw wis incorpor3ted as a Charitable Incorporated Organi5ation on 41h February 2015 and wa5 registered with the Charity Commission from that date. The charity's Boverning document is its Constitution. Appointment of trustees As set out in the Constitution.. The chair of the trustees is chosen by consensu5 amongst the trustees. He or she 15 also the chair of the Steering Group. as nominated by a Steering Group rnernber and agreed by the other rnernbers of the Steering Group In majority verdict. Trustees are elected through the Annual General Meeting IAGMI and setve for a period of at least one year. At every AGM, one-third of the charity trustees shall retire from office. Any person who retires as a charity trustee by rotation or by giving notice to the CIO is eligible for reappointrnent. All members are circulated with irivitation5 to nominate tru5tee5 prior to the AGM advising them of the retiring trustees and requesting nominations for the AGM. The criteria for the selection of trustees are usually based on one or more of the following.. He or she is a senior representative of a participating lead Mtw employer or partner organisation le.g. delivery partner)., He or she is a senior representative of an influential and relevant organisation with a mutual agenda to tackle youth unemployment,. He or she can help Mtw further its aims and ambitions through relevant skills, contacts and/or experience. Trustee Inductlon and tralnlng Orientation guidance is shared with new trustees to ensure awareness of their legal obligations under charity and comp3ny law alongside the latest Charity Commission guidance, covering area5 such a5 decision rnakin& managing risks. and declaring conflict5 of interest. In addition, key documentation IS shared for review, includingthe charity'5 constitution, latest trustee report & financial statements, and relevant internal policies. Organisation The board of trustees. which can have up to IS members, administers the charity. The board normally meets on a quarterly basis. A CEO, seconded by a participating employer, is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the CEO ha5 delegated authority, within term5 of delegation approved by the trustees, for operational matters. None of our trustees receive remuneration or other benefit from their work with the charity. MOVEMENT TO WORK h40IEk1EN- TO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 20231CONTIAIUEDJ Trustees, responsibSlltles In relatlon to the flnanclal statements The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financi31 statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdorm Accounting Standards and applicable lawl. Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resource5 and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then 3pply them consistently., rnake judgements and accounting e5timate5 that are reasonable and prudent,. prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the charity will continue in business. The tru5tee5 are responsible for keeping adequate accounting records that are Sufficient to Show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial st3tem&nts comply with the Ch3rities Act 2011. They are also responsible for safeguarding the a5set5 of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. On behalf of the board of trustees Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com Date.. 0511212023 MOVEMENT TO WORK h40IEk1EN- TO INDEPENDENT EXAMINER'S REPORT I report to the charity trustees on my examination of the accounts of Movement to Work I'the Charity~) for the year ended 31 M8rch 2023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirem&nts of the Charities Act 20111-the 2011 Act"). I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charitv Commission under section 145ISI Ibl of the 2011 Act. Independent examinerfs statement Since the Charity's gross income exceeded £250,000, I confirm that l am qualified to undertake the examination because13m a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no materi31 m3tters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect.. accountin£ records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulatioris 2008 other than any requirement that the accounts give a'true 3nd fair view which is not a m3tter considered as part of an independent examin3tion', or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 prtsper understanding of the accounts to be reached. Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG Date: 0511212023 ## **Movement to Work Statement of financial activities** (incorporating an income and expenditure account) ## **For the year ended 31 March 2023** |**Note**
**Income from:**
Donations:
Contributions from steering group members
Donated services
Donated goods
Donated staff
**Total income**
Charitable activities:
**3**
**Total expenditure**
**4**
Other gains / (losses)
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) for the year**|**Unrestricted**
**Funds**
**£**
**259,300**
**53,322**
**10,000**
**314,027**|**2023**
**Total**
**Funds**
**£**
**259,300**
**53,322**
**10,000**
**314,027**|2022
Total
Funds
£
266,500
74,177
44,099
383,110| |---|---|---|---| ||**636,649**|**636,649**|767,885| ||**645,676**|**645,676**|680,148| ||**645,676**|**645,676**|680,148| ||**(9,027)**
-|**(9,027)**
**-**|87,737
-| ||**(9,027)**
**155,121**|**(9,027)**
**155,121**|87,737
67,384| ||**146,094**|**146,094**|155,121| All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 10 ## **Movement to Work Balance sheet As at 31 March 2023** |**Movement to Work**
**Balance sheet**
**As at 31 March 2023**|**Movement to Work**
**Balance sheet**
**As at 31 March 2023**|||| |---|---|---|---|---| |**2023**
**Note**
**£**
**Current assets:**
**273,134**
**273,134**
**Liabilities:**
**7**
**127,040**
Unrestricted funds
Cash at bank and in hand
Creditors: amounts falling due within one year
**Net current assets**
**Total net assets**
**Funds**
**Total funds**
Approved by the trustees on
and signed on their behalf by:
5/12/2023.||**2023**
**£**
**146,094**|2022
£
226,921|2022
£
155,121| ||**273,134**
**127,040**||226,921
71,800|| |||||| |||**146,094**||155,121| |||**146,094**||155,121| |||**146,094**||155,121| |||||| ## **Dr Charles Woodburn (Chair)** The attached notes form part of the financial statements. 11 ## **Movement to Work Statement of cash flows For the year ended 31 March 2023** |**Movement to Work**
**Statement of cash flows**
**For the year ended 31 March 2023**||| |---|---|---| |Increase/(decrease) in creditors
**Cash provided by / (used in) operating activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**Reconciliation of net movement in funds to net cash provided by /**
**(used in) operating activities**
Change in cash and cash equivalents due to exchange rate movements|**2023**
**£**
**(9,027)**
**55,240**|2022
£
87,737
(35,000)| ||**46,213**|52,737| ||**46,213**
**226,921**
**-**|52,737
174,184
-| ||**273,134**|226,921| 12 ## **Movement to Work Notes to the financial statements For the year ended 31 March 2023** ## **1 Accounting policies** ## **a) Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Charities Act 2011. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ## **b) Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating the value of donated goods and services. ## **c) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. ## **d) Donations of gifts, services and facilities** Donated goods, professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102). On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **e) Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## **f) Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the work or for specific projects being undertaken by the charity. 13 ## **Movement to Work Notes to the financial statements For the year ended 31 March 2023** ## **1 Accounting policies (continued)** ## **g) Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **h) Allocation of support costs** Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3. ## **i) Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **j) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **k) Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **l) Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 14 **Movement to Work Notes to the financial statements For the year ended 31 March 2023** ## **3 Expenditure on charitable activities** |Recruitment of new employers
Engagement with existing employers
Enablers
Expenditure on charitable activities 2022
Recruitment of new employers
Engagement with existing employers
Enablers
Support costs consists of:
Equipment
Trustees indemnity insurance
Independent examiner fee
Other
**Total**
Building stategic partnerships &
driving innovation
Building stategic partnerships &
driving innovation|**Seconded**
**staff**
**£**
50,170
130,082
105,027
28,748|**Direct**
**costs**
**£**
44,396
90,225
159,923
31,985|**Support**
**costs**
**£**
419
851
3,548
302|**Total**
**2023**
**£**
**94,985**
**221,158**
**268,498**
**61,035**| |---|---|---|---|---| ||**314,027**|**326,529**|**5,120**|**645,676**| ||Seconded
staff
£
100,195
121,922
72,940
88,053|Direct
costs
£
56,830
68,899
32,458
131,471|Support
costs
£
1,095
1,327
625
4,333|Total
2022
£
158,119
192,148
106,023
223,857| ||383,110|289,658|7,380|680,148| ||**Basis of allocation**
Time spent basis
Governance
Governance
Time spent basis||**2023**
**£**
**419**
**851**
**302**
**3,548**|2022
**£**
1,095
1,327
625
4,333| ||||**5,120**|7,380| 15 ## **Movement to Work Notes to the financial statements For the year ended 31 March 2023** ## **4 Net income / (expenditure) for the year** |This is stated after charging / (crediting):
Independent examiner's fees|**2023**
**£**
**1,800**|2022
£
1,800| |---|---|---| ## **5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** The charity does not have any directly contracted employees but operates through the use of seconded staff from its participating employers. The total cost of those seconded staff has been estimated at £314,027 (2022: £383,110) based on amount the charity would have been willing to pay to obtain staff of equivalent economic benefit on the open market in the third sector. The seconded staff headcount was 10 (2022: 12), and the FTE equivalent of these staff amounted to 9.6 (2022: 11.4). The key management personnel of the trust comprise the trustees and Programme Director/CEO. These were not paid or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil). ## **6 Taxation** The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. ## **7 Creditors: amounts falling due within one year** |Accruals
Deferred income
**Deferred income**
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year|**2023**
**£**
**2,040**
**125,000**|2022
£
1,800
70,000| |---|---|---| ||**127,040**|71,800| ||**2023**
**£**
**70,000**
**(70,000)**
**125,000**|2022
£
105,000
(105,000)
70,000| ||**125,000**|70,000| Deferred income comprises funds received for the next financial year. 16 ## **Movement to Work** ## **Notes to the financial statements For the year ended 31 March 2023** ## **8 Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| |Net current assets
Net assets at the end of the year
Analysis of net assets between funds 2022
Net current assets
Net assets at the end of the year|**Unrestricted**
**Funds**
**£**
**146,094**|**Restricted**
**Funds**
**£**
-|**Total**
**funds**
**£**
**146,094**| ||**146,094**|**-**|**146,094**| ||Unrestricted
Funds
£
155,121|Restricted
Funds
£
-|Total
funds
£
155,121| ||155,121|-|155,121| ## **9 Legal status of the charity** The charity is a Charitable Incorporated Organisation and has no share capital. If the charity is wound up, the members ofthe charity have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## **10 Related party transactions** There are no related party transactions to disclose for the year (2022: none). 17