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← Movement To Work

2024-03-31-accounts

MOVEMENT TO WORK (MtW) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31% MARCH 2024

CHARITY NUMBER: 1160325

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Contents: -

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||||| |---|---|---|---| |2|Chair's|report| |3|Report|of the Trustees| |9|Independent examiner’s|report| |10|Statement|of financial|activities| |11|Balance|sheet| |12|Statement|of cash|flows| |13-17|Notes forming part of the financial statements|

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Reference and administrative details Trustees

Charles Woodburn (Chair) Olly Benzecry

Emma Taylor

Secretary and registered office

Sareena Bains, CEO, Movement to Work, c/o Prince’s Trust, 8 Glade Path, London, SE1 8EG

Independent Examiner Anthony Epton

Goldwins Ltd, 75 Maygrove Road, West Hampstead London NW6 2£G

Bankers

HSBC Bank plc, West End Corporate Centre, 5th Floor, 70 Pall Mall London SW1Y 5EZ

Solicitors

CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street London EC4N 6AF

Charity registration number 1160325

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CHAIR’S REPORT

Since our inception in 2013, I'm proud to report that, together with our employer members and partners, we have delivered over 184,000! opportunities for young people? across the country. This is a significant milestone; however, with youth unemployment still three times the national average and 872,000 young people currently not in education, employment, or training, much work remains to support this group.

It's undoubtedly a challenging time for many young people across the UK. The latest Youth Employment UK Youth Voice Census shows that young people are feeling less positive about their future this year, with only 10% of young people believing they can access quality work where they live. Anxiety also remains a significant barrier, as 43% of young people report that it may be one of their biggest obstacles to securing work now or in the future. Movement to Work is committed to supporting young people by working closely with our network of employers, partners, and the Government to equip them with the experience, skills, and confidence needed to succeed During my time as Chair and Trustee of the charity, I’ve seen first-hand the transformative impact of our work in partnership with our employer members and partners. Together, we’re creating meaningful pathways to employment that empower young people to pursue fulfilling careers. Over the past 12 months, I’m proud that programme delivery has continued to grow and in the year ending 31 March 2024, Movement to Work delivered 28,787 opportunities for young people across the UK, with 92%? of those achieving a positive outcome.

This year, we have focused on expanding our network of employers, welcoming new members from the recruitment, construction, engineering, leisure, retail, and hospitality sectors. Alongside these new additions, we continue to support our existing employers and training providers in delivering impactful programmes. To all our employer members and partners, both new and longstanding, thank you for your invaluable support. We have continued to evolve our delivery partner network (Youth Engagement Network) to increase participation in Movement to Work programmes and attract more young people to opportunities, signing strategic partnerships with ThinkForward UK and YMCA England and Wales, amongst 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 employability challenges, ensuring our programmes continually adapt to meet the evolving needs of young people.

Looking ahead, we are focused on extending our reach across more employers to create even greater opportunities and pathways for young people facing barriers to employment. Our members remain dedicated to providing quality Opportunities that offer young people a route into long-term careers, while exposing their businesses to diverse and untapped talent. We look forward to continuing our work, to further grow the Movement, and helping even more young people across the country realise their full potential.

anton e

Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com Date: 06/12/2024

Se 1 Placement and positive outcomes data captured quarterly throughout the year. Figure is cumulative 2013- Q1 2024 . Young People = aged 16-30 facing barriers to employment 34 Positive outcome is based on the number of work placements completed ieading to onward employment, training and/or education and direct entry roles / apprenticeship where the MtW-eligible Participant joins the workforce directly without a placement. In this period (Q2’23Q2’24) MtW delivery = 28,787 made up of 10,180 placements started (4,225 completed), and 18,607 direct entry roles started. Of the 4,225 placements completed, 55% ted ta Positive outcomes (2,311). In addition to this, 18,607 direct entry roles are also considered as positive outcomes therefore overall positive outcomes = (2,321418,607)/(4,225+18,607) =92%

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31% MARCH 2024

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity Movement to Work {MtW) for the year ended 31%* March 2024. The financial statements comply with the Charities Act 2011, the charity's Constitution, and 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). The trustees confirm that, in developing and reviewing the aims and purpose of the charity, along with future Strategic objectives, due regard has been given to public benefit guidance issued by the Charity Commission for England & Wales (referred to as “the Charity Commission” in the rest of this document).

Our purposes and activities

We are a not-for-profit coalition of UK employers who work to tackle youth unemployment and invest in the future of our economy. The purpose of the charity is to work with partners and employers to create great opportunities for young people to build their careers. Our mission is to level the playing field for all young people by removing barriers to employment through quality work- placements, training and other job opportunities.

We do this by encouraging UK employers to join Movement to Work and offer meaningful work experience and direct- into-work opportunities, accompanied by training and pre-employability coaching, to young people who are not in education, employment or training (NEET), with an emphasis on those facing barriers to work. We promote programmes which help build experience, skills and confidence in young people. We are supported by a vast network of businesses, the Government, the TUC & CBI. In the year ending 31 March 2024, MtW delivered over 28,787 Opportunities to NEET young people across the UK with positive outcomes of over 92%°. We advocate for a quality experience for the Participant with the potential for a sustainable career beyond the placement. We make this happen in four key ways:

  1. Build our employer network: Identifying and targeting key sectors and industries where there is a need for young talent;

  2. Build ourYouth Engagement Network: We work with a range of expert partners — including The Prince’s Trust, The Launch Group and People Plus. Our partners help employers to source candidates and provide support and additional training to deliver programmes;

  3. Connecting our network: Connect our employer and partner networks individually and collectively for greater impact.

  4. Youth engagement: Ensuring young people are at the centre ofeverything we do, leveraging their insights and experiences to drive change,

es

© See footnote #3 in Chair's report

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31% MARCH 2024 (CONTINUED)

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°t MARCH 2024 (CONTINUED)

Placements and positive outcomes: Participating employers typically offer between 2-6 weeks’ quality work experience and training. Where possible, these placements are linked to jobs. MtW also supports businesses to recruit directly into the workforce without the need for placements, either through an apprenticeship or a permanent staff role. These are classed as ‘Direct Entry’ roles and are included in MtW delivery. We have over 100 organisations involved, including FTSE 50 companies and a range of expert delivery partners, including The Prince’s 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 organisations to form a small operations team who run the charity day-to-day. The costs of these individuals are covered by their respective employers 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 (CIO Members). The following employers and partners have seconded members of staff to the programme team over the course of 2023-24: Accenture, The Prince’s Trust, BAE Systems, Civil Service, Diageo, M&S and Tesco.

The Steering Group is chaired by Charles Woodburn. It has representation from senior representatives of private, public and non-for-profit sector organisations. 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 and/or quality of delivery, and advocates the Movement in relevant executive forums,

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Achievements and Performance

MOVEMENT TO WORK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31* MARCH 2024 (CONTINUED)

MtW has helped thousands of unemployed young people by giving them the skills and confidence to find employment. Between launching and the end of March 2024 over 184,000 opportunities were delivered’.

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 respective salary cost for each secondment. In FY 2023-24, some employers opted to forgo the secondment in favour of 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 services. Additional gifts in kind and pro bono support have also been provided by participating employers and partners. These include provision of Trustee insurance (Marks & Spencer), provision of events space (Marriott), provision of event food (M&S and Tesco), provision of event beverages (Diageo), provision of legal services (CMS & Ashurst), Provision of CRM licences (Salesforce), and provision of marketing, PR and creative services (SMARTS).

In the period, the charity has recognised income amounting to £721,340 of which £471,340 was in relation to donations in kind and expended £735,787 in furtherance of its objectives, At 31 March 2024 the charity held unrestricted reserves amounting to £131,647.

Investment powers and policy

The charity’s available funds are kept in a non-interest-bearing bank account.

Reserves policy

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The current reserve minimum is set at £50,000 as of 31 March 2024. Plans for future periods

In FY 2024-25 we anticipate the funding of a Head of Brand and Communications and Head of Digital to support with activating our network of influence to amplify our external brand and comms presence, and two Regional Development Leads to support with continued business development in the South and Midlands.

Trustees and management

The trustees and officers serving during the financial year were as follows:

ee

” Placement and positive outcomes data captured quarterly throughout the year. Figure is cumulative 2013- Q1 2024

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31% MARCH 2024 (CONTINUED)

Structure, Governance and Management Governing Document

MtW was incorporated as a Charitable Incorporated Organisation on 4" February 2015 and was registered with the Charity Commission from that date. The charity’s governing document is its Constitution.

Appointment of trustees

Trustee induction and training

Orientation guidance is shared with new trustees to ensure awareness of their legal obligations under charity and company law alongside the latest Charity Commission guidance, covering areas such as decision making, managing risks, and declaring conflicts of interest. In addition, key documentation is shared for review, including the charity's constitution, latest trustee report & financial statements, and relevant internal policies.

Organisation

The board of trustees, which can have up to 15 members, administers the charity. The board normally meets ona 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 has delegated authority, within terms of delegation approved by the trustees, for operational matters.

None of our trustees receive remuneration or other benefit from their work with the charity.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31°t MARCH 2024 (CONTINUED)

Trustees’ responsibilities in relation to the financial 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 financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 ofthe incoming resources 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:

The trustees 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 statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,

On behalf of the board of trustees wae . Dr Charles Woodburn Chairman of Movement to Work www.movementtowork.com

Date: 06/12/2024

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INDEPENDENT EXAMINER’S REPORT

| report to the charity trustees on my examination of the accounts of Movement to Work (“the Charity”) for the year ended 31 March 2024.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). in carrying out my examination 1 have followed the Directions given by the Charity Commission under section 145(S) (b} of the 2011 Act.

Since the Charity’s gross income exceeded £250,000, | confirm that | am qualified to undertake the examination because | am a member of the ICAEW, which is one of the listed bodies.

t have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accountsor give a ‘true and fair view which is nota matter considered as part of an independent examination;

  2. 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ({FRS 102).

| 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.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

Date: 21/10/2024

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Movement to Work

Statement of financial activities

(incorporating an income and expenditure account) For the year ended 31 March 2024 a

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||||||| |---|---|---|---|---|---| |Unrestricted|2024|2023| |Funds|Total|Total| |Note|Funds|Funds| |income|from:|£|£|£| |Donations:| |Contributions from steering group members|260,000|250,000|259,300| |Donated|services|53,322|53,322|53,322| |Donated goods|100,769|100,769|10,000| |Donated|staff|317,249|317,248|314,027| |Total Income|721,340|721,340|636,649| |Charitable activities:|3|738,787|735,787|645,676| |Total expenditure|735,787|735,787|645,676| |Net (expenditure)/income for|the year|4|(14,447)|(14,447)|(9,027)| |Other gains|/ (losses)| |Net|movement in funds|(14,447).|(14,447).|(9,027)-| |Reconciliation|of funds:| |Total funds brought forward|146,094|146,094|155,121| |Total funds carried forward|131,647|131,647|146,094|

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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.

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Movement to Work
Balance sheet
As at 31 March 2024
TTT
Note 2024 2024 2023 2023
Current assets: £ £ £ £
Cash at bank and in hand 173,687 £273,134
Liabllities: 173,687 273,134
Creditors: amounts falling due within one year 7 42,040 127,040
Net current assets 131,647 146,094
Total net assets 131,647 146,094
Funds
Unrestricted funds 131,647 146,094
Total funds 131,647 146,094
Approved by the trustees on ob/ Vo USL
and signed on their behalf by:
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Core e
Dr Charlies Woodburn (Chair)
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The attached notes form part of the financial statements.
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Movement to Work Statement of cash flows For the year ended 31 March 2024

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|||||||| |---|---|---|---|---|---|---| |2024|2023| |Reconcillation|£|£| |(used|of net movement In funds to net cash provided by /| |in) operating activities|(14,447)|(9,027)| |(Decrease)/increase|in creditors|(85,000)|55,240| |Cash provided by / (used|in) operating activities|(99,447)|46,213| |Change In cash and cash equivalents|In the year|(99,447)|46,213| |Cash and cash equivalents|at the beginning of the year|273,134|226,921| |Change|in cash and cash|equivalents due|to exchange|rate movements|-|-| |Cash and cash equivalents at the end of|the year|173,687|273,134|

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Movement to Work Notes to the financial statements For the year ended 31 March 2024 a 1Accounting policies 4) 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 facliities

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.

©} 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 charity's work or for specific projects being undertaken by the charity.

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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. e Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs. e Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged asa 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.

1} 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 account.maturity of three months or less from the date of acquisition or opening of the deposit or similar

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.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial measuredinstruments.at Basictheir settlement financial instruments arevalue. initially recognised at transaction value and subsequently

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Movement to Work Notes to the financial statements For the year ended 31 March 2024

3 Expenditure on charitable activities

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||||||| |---|---|---|---|---|---| |Seconded|Direct|Support|Total| |staff|coats|costs|2024| |Recruitment|£|£|£|£| |Engagement|of new employers|55,437|90,952|678|147,067| |Building|with existing employers|130,729|146,923|1,095|278,747| |driving|stategic partnerships &| |innovation|Shel|ee|oe|$1,046| |Enablers|94,501|121,481|2,945|218,927| |317,249|413,418|5,120|735,787| |Expenditure|on|charitable|activities 2023| |Seconded|Direct|Support|Total| |Staff|costs|costs|2023| |Recruitment|£|£|£|£| |Engagementof new employers|50,170|44,396|419|94,985| |Building|with existing employers|130,082|90,225|851|221,158| |driving|stategic partnerships &| |innovation|28,748|31,985|302|61,035| |Enablers|105,027|159,923|3,548|268,498| |314,027|326,529|5,120|645,676|

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Support costs consists of:

Equipment Trustees indemnity insurance Independent examiner fee Other Total

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|||| |---|---|---| |2024|2023| |Basis of allocation|£|£| |Time spent basis|678|419| |Govemance|1,095|851| |Govemance|402|302| |Time spent basis|2,946|3,548| |5,120|5,120| |SS SS|

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Movement to Work Notes to the financial statements For the year ended 31 March 2024

4 Net income / (expenditure) for the year

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This is stated after charging / (crediting): 2024 2023
Independent £ £
examiner's fees 1,700 1,700
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§ 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 £317,249 (2023: £314,027) 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 14 (2023: 10), and the FTE equivalent of these staff amounted to 13 (2023: 9.6).

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 (2023: Enil) neither were they reimbursed expenses during the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: Enil).

6 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

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|||||| |---|---|---|---|---| |2024|2023| |Accruals|£|£| |Deferred|2,040|2,040| |income|40,000|125,000| |42,040|127,040| |Deferred|Income| |2024|2023| |Balance|£|£| |Amount|at the beginning|of the year|125,000|70,000| |Amount|released to income in the year|(126,000)|(70,000)| |Balance|deferred|in the year|40,000|125,000| |at the end ofthe year|40,000|125,000|

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Deferred income comprises funds received for the next financial year.

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8 Analysis of net assets between funds

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|funds| |Net|£|£|£| |Net|current assets|131,647|-|131,647| |assets at the end of the year|131,647|=|131,647| |—————————————=!====ee?| |Analysis|Unrestricted|Restricted|Total| |of net assets between funds 2023|Funds|Funds|funds| |Net|£|£|£| |Net|current assets|146,094|-|146,094| |assets at the end of the year|146,094|-|146,094|

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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 debtsmembersand oftheliabilities. charity have no liability to contribute to its assets and no personal responsibility for settling its

10 Related party transactions

There are no related party transactions to disclose for the year (2023: none).

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