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2024-04-30-accounts

Charity number: 1161504

WE MIND THE GAP

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

WE MIND THE GAP

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 11
Independent examiner's report 12 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 35

WE MIND THE GAP

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2024

Trustees Kathleen Campbell (also known as Karen Campbell-Williams), Chair (appointed
27 March 2024)
Rachel Clacher
Emma Degg
Louise Gatenby
Martin Howlett (resigned 8 June 2023)
Karen Jones
Kirsty Rogers
Charity registered
number 1161504
Principal office Ty Avow
21 Egerton Street
Wrexham
LL11 1ND
Patron Sir John Timpson
Chief executive officer Ali Wheeler
Accountants WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Bankers HSBC
PO Box 68
130 New Street
Birmingham
West Midlands
B2 4JU

Page 1

WE MIND THE GAP

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2024

The Trustees submit their annual report together with the unaudited financial statements of the Charity for the year from 1 May 2023 to 30 April 2024. The financial statements have been prepared in accordance with the accounting policies, set out in note 2 to the financial statements and comply with the Charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.

Legal and administrative information, set out on page 1, forms part of this report.

Objectives and activities

a. Policies and objectives

Neglect, broken homes, a challenged education system, a complex benefits system, third generation workless households and the ongoing after-effects of the pandemic have culminated in a generation of forgotten young people with few aspirations or opportunities, and who are emotionally and neurologically immature. These problems manifest themselves in many young people living in poverty, unable to lead independent lives, with no aspirations, confidence or real choices in life and work. Covid lockdowns hit young people hard and many are reporting isolation, loneliness and lack of friendships as their primary concern, all of which is exacerbated by the ongoing cost of living crisis.

Our vision is: A world in which every young person feels they belong, can thrive, has the maturity, independence, aspirations and skills to have real choices in life and work.

Our mission is: Harnessing the power of communities, we walk alongside young people with love, care, and curiosity, offering new life opportunities and ongoing support.

This is not about CV writing workshops and tea and toast for poor unfortunates…or ticking boxes… This is about delivering real and lasting change for young people who deserve better. This is social mobility in action.

WeMindTheGap core values

Compassion & Care – The encouragement, reassurance and genuine care we extend to every individual is fundamental to them developing the confidence to explore their choices in the world.

Connectivity – We build positive relationships with and between our young people and the world to create their rightful place within a meaningful community.

Constancy – We are always here and always will be: people and places of safety who keep our promises and provide the support, challenge and care that our young people deserve.

Commitment – We will go to the ends of the earth to make sure that our young people have the wherewithal to be ‘pilots of their own lives’.

Confidence – We believe absolutely in our vision, our model and the impact we deliver.

Curiosity – We ask ‘why’ to keep learning, to help our young people grow and develop, and to evolve best practice that others can learn from.

Capacity – We have the space, time, resilience and support required to perform our respective roles to the best of our ability.

Can Do – We walk alongside our young people, take the initiative, make good things happen and always focus on a solution, not a problem.

Page 2

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Objectives and activities (continued)

Celebration – We celebrate every success, no matter how big or small.

Courage – We do what is right and not what is easy.

What we do

During the current accounting period we have continued to offer three programmes as set out below, and we successfully piloted two new programmes to ‘mind the gaps’ identified through the Big Conversation. Further details of these new programmes are in the future plans for 24/25 section of this Trustees’s report:

  1. WeDiscover, offers a virtual programme to young people aged 16– 25 who feel isolated and lack confidence to make the next step into the world. Our learnings have been that Covid has had a considerable impact on our young people: those who were already isolated and not engaged with school before lockdowns, are now significantly socially isolated and lack the maturity and confidence to make the next move into the world of further education or work. WeDiscover uses a bespoke learning management system, ‘WeDiscover Village’, to engage and communicate with our young people. Every young person is supported weekly by a mentor and the team’s ability to listen, encourage conversation, and build trust is at the heart of the programme’s success.

  2. WeGrow offers 18 – 25 year olds six months paid employment comprising work experience with four different employers as well as coaching, new skills, experiences and help with Maths & English qualifications. Delivered with a totally holistic approach that combines practical support and unashamed love and care, each cohort of ten young people is supported by a dedicated team of Skipper and Mate (Project Lead and Support Worker). This initial six month employment is followed by a further six month dedicated support as graduates move into the world of work or education that comprises coaching, on going emotional and practical support from the WeMindTheGap team and peer to peer mentoring.

  3. WeBelong is for our alumni: a lifelong membership of the WeMindTheGap family with all the support and friendship that that brings. Members are encouraged to demonstrate participation in the group, show progression and always be positive. WeBelong offers opportunities to connect from ‘craft and chats’ to soft play mornings for our young mums to meet and support each other. For others it’s to challenge themselves by participating in DofE activities, learn new skills, or joining in group adventures. WeBelong builds a community and a sense of belonging that is so important to thrive in life.

In addition to these three discreet programmes, and to ensure that these same programmes remained relevant and meaningful to our young people as they evolve, the charity also launched ‘The Big Conversation’ in 2023, with support from Wrexham County Borough Council. This was an unprecedented research project to get inside the heads and into the hearts of those people whose lives and education were so rudely disrupted by Covid, and who are notoriously hard to reach: our 18–21 year olds. The Big Conversation aimed to first find and then to talk to young people in an individual town – Wrexham who were aged 16 to 18 when the pandemic hit. The objective was to understand what makes them truly ‘tick’ in an era of once in a generation confusion, chaos and noise, and then, with that understanding, create the right opportunities for them through collaboration with agencies and employers across Wrexham.

The project started in February 2023. 11.9% of 18 to 21 year old in Wrexham contributed, and a full report was launched in November 2023. The outcomes of this project have been, and continue to be shared with leaders from across Wrexham, statutory partners, government bodies, employers, community sector, as well as Welsh Government and are informing future approaches and activities in those organisations, as well as the charity itself. On the back of the findings, WeMindTheGap has begun post April 2024 to successfully pilot work with young people who are on the verge of dropping out of education and also young people who want to find work, but have some skills and opportunity gaps.

Page 3

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Objectives and activities (continued)

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the Charity's purposes for the public benefit

The Charity’s objects and principal activities are for the benefit of the public generally but specifically to act as a resource for young people aged between 16 and 30 living in the UK by providing advice and assistance and organising programmes of work experience, physical, educational, and other activities as a means of:

Structure, governance and management

a. Constitution

We Mind The Gap is a registered charity, number 1161504, and is constituted as a Charitable Incorporated Organisation.

b. Trustees

Trustees are appointed by a resolution of the Trustees passed at the board meeting. The minimum number of Trustees is three. The Board undertakes a skills analysis annually to identify current skills amongst Trustees and gaps and agree to appoint new Trustees to meet those outstanding skill sets.

New trustees undergo an orientation day to brief them on: their legal obligations under charity law, the Charity Commission guidance on public benefit, inform them of the charity’s strategy and objectives, the committee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role as well as meet with programme participants and attend events held with and for them.

The Trustee Board provides strategic oversight and governance rather than running and operating the Charity on a day to day basis. All Trustees give of their time freely. The Trustees have appointed directors and managers to manage the day to day operations of the charity. To facilitate effective operations, the directors and managers have delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and trainee related activity.

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee, director or senior manager of the charity with a company, supplier, donor or other charity must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party.

Page 4

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Structure, governance and management (continued)

The Trustees are committed to ensuring that all WeMindTheGap employees are paid fairly and in a way which ensures the charity attracts and retains the right team with the right skills to have the greatest impact in delivering our charitable objectives. The Trustees’ approach to executive pay is in line with the Association of Chief Executives of Voluntary Organisations (AECVO) Good Pay Guide.

c. Organisation

The organisation was registered as a Charity (Registration no 1161504) on 30 April 2015 as amended on 26 August 2017. The organisation was established as a charitable incorporated organisation (CIO).

During the year, the Charity’s office is based at Ty Avow, 21 Egerton Street, Wrexham, LL11 1ND. Individual programmes are run in locations appropriate to the communities that they serve: Wrexham from the Hub; Flintshire from Jade Jones in Flint.

d. Our access policies

The Charity welcomes participants from all backgrounds. Key to joining any of our programmes is assessing whether our young people are ready to make the most of the opportunities on offer. On all programmes our potential participants (we call them ‘Gappies’ when they are participants) need to demonstrate to our teams their will to engage to the best of their potential and in line with the general standards achieved by their peers. We work closely with local agencies, education teams, voluntary projects etc to create a pipeline of possible participants. Those expressing an interest for WeDiscover have an informal virtual conversation exploring what the young person wants to get out of the experience, but also ensuring that any eligibility criteria from our partner colleges are met. For our WeGrow programme young people are invited to a ‘Discovery Day’ a relaxed, engaging recruitment day that allows participants to shine – from which successful candidates will be chosen. On both programmes an individual’s economic status, gender, ethnicity, race, religion, or education attainment do not form part of this assessment process, rather their attitude to the world and the opportunity ahead of them is key .

We believe that our participants benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our Gappies develop an understanding of other people that will be vital in their future lives.

We have clear insight into the neurological effect of Adverse Childhood Experiences (ACE) on the child’s brain and the implications for adolescence and beyond. We use these to complement best practice childhood development practices in the design of our programmes. Our cohort – many of whom score highly on the ACEs scales – are supported in a compassion driven way which allows them to make the most of the opportunities on offer. Every workshop, every interaction stretches neuroplasticity and creates new neural pathways, which in turn promote maturation, independence and autonomy. We strive to keep abreast of current thinking and research, particularly post pandemic research, and have a clear continuing development programme for our team. We share learnings and best practice with other organisations within this field and our funders. It is our ambition to grow our already developing profile as relevant thought leaders and experts in supporting young people and delivering meaningful and lasting change.

Page 5

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Structure, governance and management (continued)

e. Related parties and organisations

Our 5 Year Plan sets out an ambition to create a WeConnect Hub at the heart of every community we work in. This enables us to bring together the holistic ‘Village’ of people, families, educators, communities, organisations, employers, volunteers and other providers to support young people.

Volunteers undertake valuable work by supporting our individual programmes, each of which has at least one volunteer to support each delivery team on a weekly basis. WeGrow cohorts benefit from an ‘intern’ system whereby an experienced Gappie volunteers to spend time with the new cohort and share that all important lived experience. WeBelong encourages graduates of all programmes to volunteer at fundraising events, community projects we support and by being an advocate for WeMindTheGap meeting funders and other stakeholders. In addition, many talented individuals share their knowledge and expertise through offering workshops and learning experience either in person or virtually for our WeDiscover and WeGrow programmes.

Our WeGrow programme relies on employer partners working with us on a voluntary basis to provide 10 day work placements: some employers provide work placements for up to ten Gappies, others for just one. Their support and involvement are what allows our Gappies to have experience of meaningful work, and therefore our programme to have the impact it does.

The development of English and Maths skills is a vital part of our programmes. This element is delivered cost free by partners Coleg Cambria (in North Wales). Tutors are well aware of the challenges our cohort may have had with mainstream education and develop a learning environment that is practical and supportive. Several graduates have continued working with the colleges to gain their equivalent of GCESs in both subjects and then moved on to take Level 2 and University qualifications.

The Charity does not currently include a valuation of volunteers’ time within the financial statements.

Page 6

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Plans for future periods

2024/25

By 2026 we will

Achievements and performance

a. Review of activities

The priority for the year 2023/2024 was to establish a continuum of support across our Programmes in the areas where we had constancy of delivery, that being Wrexham, Flintshire and North Wales. We continued to deliver a WeGrow in Manchester.

We secured funding through Albert Gubay Foundation to deliver a whole of North Wales WeDiscover Programme and secured additional funding from National Lottery Community Fund Wales to employ a Welsh Speaking Mate and create a Welsh version of our website to support this work.

We secured funding from Marjorie Boddy Trust to work with young people in Chester who had been excluded from education. This was pilot funding to try adaptations of our WeDiscover Programme approach.

All Gappies who have taken part in our WeGrow and WeDiscover programmes can join and take part in all elements of our growing WeBelong programme.

Through WeBelong we also enjoyed many in person visits to places like Chester and Llandudno, held a Summer Party and our graduates also enjoyed a trip to the Panto at Theatr Clwyd.

In November 2023 we shared the findings of our Big Conversation with young people aged 18 to 21yrs in Wrexham. We decided to undertake the Big Conversation in Wrexham where we were founded, however it was clear from the outset that it was never just about the experiences of Wrexham Young People, but reflective and representative of all young people.

Page 7

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Achievements and performance (continued)

The Big Conversation was in response to WeMindTheGap recognising the world had changed for young people, the young people we were working with were presenting with different challenges, employer partners were sharing that they were finding it more difficult to recruit and retain young people in employment and statutory services said that many young people had not reengaged with services either on line or face to face post pandemic.

At the same time as talking to young people, we committed to carry out research with employers to find out their experiences, challenges and opportunities in employing young people. In addition, we wanted to speak to as many statutory and local support providers to see how their engagement and support for young people had changed since the pandemic.

The main purpose of the Big Conversation was to check and challenge the programmes that WeMindTheGap deliver to ensure we are still doing the right thing and having the best impact for young people. However, we also promised to share the findings and learnings to whoever could use or benefit from them. The learnings from the Big Conversation have also informed our 5 year plan and our operational and future growth plans.

WeMindTheGap was invited to join the Rank Foundation Network, is a member of the Centre for Social Justice and also the 2025 Movement to end inequalities across North Wales. Our research from the Big Conversation and growing impact is now influencing the work of national Think Tanks and government.

What did we see:

All programmes delivered in 2023-24 were successfully completed across Manchester City, Chester, Wrexham, Flintshire, Conwy and Denbighshire. The highlights showcase the many and varied achievements of our young people, demonstrating impact beyond the bare statistics. We evidence clear value for money and return a healthy social value per programme.

3 WeGrow Employability Programmes:

87.5% of Gappies completed the six-month employability WeGrow programmes 60% moved immediately into work 10% moved into education

75% activity engage in WeBelong alumni activities

346 hours of life coaching delivered by 15 coaches 72 work placements were hosted by our employer partners (10 days across a 4 week period) 23 Gappies completed 3 days Outdoor Education experience 28 Gappies achieved an accredited First Aid qualification 12 achieved dementia friendly qualification

10 Food and Hygiene qualifications gained

3 cycles of the WeDiscover Digital Programmes:

57% of initial referrals engaged and completed 12 week programme 42.5% returned to education, training or progressed to another programme 4 guest speakers delivered 140 session hours 6 team members delivered 432 mentoring hours 35 achieved Dementia Friends qualification 4 completed an accredited First Aid qualification

4 in person days delivered with 42 Gappies participating across the year

Page 8

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Achievements and performance (continued)

1 pilot WeDiscover programme in Chester:

51% of initial referrals engaged and completed 12 week programme 41% had clear next steps

4 in person days attended by 11 Gappies

Our differentiator, the WeBelong alumni programme, ensures there is no cliff edge of delivery and is there for as long as our Gappies need us. Some need support as they transition off programmes, others when they hit a ‘bump in the road’. For many the social connectedness is the primary driver for being part of the alumni programme. We celebrate their wins, progressions and life events; be that passing their driving test, getting promotion, going to Uni, having a baby and remain their cheerleaders with pride.

WeBelong activities:

60 hours of WeBelong sessions were delivered on CVs, progression and parenting

Regular social get togethers across the year including Halloween pumpkin picking and carving, a Christmas panto and party, summer picnic and games in the park, a beech clean Walk and Talk sessions held monthly

Online quizzes and coffee and chat sessions

1-2-1 support for benefits advice, UCAS applications, job interviews and housing queries

Big Conversation activities:

8 graduates of programmes trained as ‘explorers’ to find young people to particpate

419, 11.9% of 18 – 21 yr old living in Wrexham voices heard

105 Wrexham employers participated

10 team members ran engagement sessions at events, on the streets, in schools, colleges and online with parents

5 personas emerged celebrating young peoples characteristics, now being seen as an innovative way to describe ‘NEETs’.

Our mantra that ‘ not everything that counts can be counted, and not everything that can be counted counts ’ seeks to promote the little wins that we know make the difference and help our young people feel that they belong and from which they move towards an independent life, with real choices and opportunities

Page 9

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Achievements and performance (continued)

We remain committed to delivering cost effective programmes, adding value but also making public cost savings. Within 1 year of graduation, we achieve social impact of £550,000 in social value, and an SROI of over £1 : £3.60 in 18 months, with £190,000 in public cost savings within 18 months . For our WeGrow programme we have been assessed as returning £3.60 for every £1 invested . It is our ambition to refresh the SROI calculations in 2024/25 to include all strands of delivery.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

At the year end the Charity held net assets of £407,059. Within this were £10,297 of restricted funds. The remaining £396,762 were unrestricted, with £159,807 of this designated for specific purposes.

The Trustees reviewed the reserves policy to ensure it is fit for purpose and in line with expected growth in addition to being compliant with the current Charity Commission guidelines. The Charity’s aim is to maintain reserves in unrestricted funds at a level which equates to at least three months of charitable expenditure.

The free reserves for accounting purposes are calculated as the unrestricted funds, less any designated funds and less unrestricted fixed and intangible assets. Free reserves at the year end were £229,162 (2023: £240,983).

Page 10

WE MIND THE GAP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

c. Principal risks and uncertainties

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

The Trustees have a risk management strategy which comprises:

An annual review of the principal risks and uncertainties that the charity faces; the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and creditors balances to ensure sufficient working capital by the Charity. It is the clear objective of the Trustees to agree a funding strategy as part of the 5 Year Business Plan which mitigates the above risks and ensures sustainability for the Charity.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Karen Campbell-Williams

Trustee 18.12.24 Date:

Page 11

WE MIND THE GAP

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2024

Independent Examiner's Report to the Trustees of We Mind The Gap ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 April 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 12

WE MIND THE GAP

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 2011 Act; or

  3. the accounts do not accord with those records; or

  4. 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 accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: S J Tweedie BSc FCA DChA

WR Partners

Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

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WE MIND THE GAP

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
15,000
746,666
-
-
-
761,666
894
820,109
821,003
(59,337)
7,575
(51,762)
62,059
(51,762)
10,297		 Unrestricted
funds
2024
£
147,443
10,000
108
2,195
157
159,903
-
73,186
73,186
86,717
(7,575)
79,142
317,620
79,142
396,762		 Total
funds
2024
£
162,443
756,666
108
2,195
157
921,569
894
893,295
894,189
27,380
-
27,380
379,679
27,380
407,059		 Total
funds
2023
£
158,084
792,654
503
1,043
1,473
953,757
178
780,498
780,676
173,081
-
173,081
206,598
173,081
379,679

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 17 to 35 form part of these financial statements.

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WE MIND THE GAP

BALANCE SHEET AS AT 30 APRIL 2024

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 92,115
326,577
418,692
(19,426)		 2024
£
-
7,793
7,793
399,266
407,059
407,059
10,297
396,762
407,059		 26,489
455,294
481,783
(124,809)		 2023
£
10,522
12,183
22,705
356,974
379,679
379,679
62,059
317,620
379,679

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Karen Campbell-Williams Trustee Date: 18.12.24

The notes on pages 17 to 35 form part of these financial statements.

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WE MIND THE GAP

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024

Note
Cash flows from operating activities
Net cash used in operating activities
19
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing 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
20
The notes on pages 17 to 35 form part of these financial statements		 2024
£
(127,486)
(1,231)
(1,231)
(128,717)
455,294
326,577		 2023
£
150,378
-
-
150,378
304,916
455,294

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WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

1. General information

The charity is a Charitable Incorporated Organisation, situated in the United Kingdom. The principal place of business is the principal office, the address of which is provided on Page 1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

We Mind The Gap 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.

2.2 Going concern

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from donations and legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants are accounted for when the Charity is entitled to the funds, and shown in the Statement of Financial Activity.

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WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

2. Accounting policies (continued)

2.6 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 institution with whom the funds are deposited.

2.7 Intangible assets and amortisation

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Website - 20% straight line

2.8 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings - 20% straight line Computer equipment - 20% straight line

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and 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.

Page 19

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

2. Accounting policies (continued)

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.12 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been earmarked by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

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WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

3. Income from donations and legacies

Donations
Gift Aid reclaimed
Total 2024
Total 2023		 Restricted
funds
2024
£
15,000
-
15,000
-		 Unrestricted
funds
2024
£
146,944
499
147,443
158,084		 Total
funds
2024
£
Total
funds
2023
£
161,944
145,494
499
12,590
162,443
158,084
158,084

4. Income from charitable activities

Grants
Government Grants
Total 2024
Total 2023		 Restricted
funds
2024
£
136,766
609,900
746,666
352,790		 Unrestricted
funds
2024
£
-
10,000
10,000
439,864		 Total
funds
2024
£
Total
funds
2023
£
136,766
560,571
619,900
232,083
756,666
792,654
792,654

Government grants comprise of £529,900 from the UK Shared Prosperity Fund, £80,000 from Wrexham County Borough Council, £10,000 from Flintshire County Council.

Page 21

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

5. Income from other trading activities

Income from fundraising events

Fundraising events
Total 2024
Total 2023
Investment income
Interest income
Total 2024
Total 2023
Other incoming resources
Other income
Total 2023		 Unrestricted
funds
2024
£
108
108
503
Unrestricted
funds
2024
£
2,195
2,195
1,043
Unrestricted
funds
2024
£
157
1,473		 Total
funds
2024
£
108
108
503
Total
funds
2024
£
2,195
2,195
1,043
Total
funds
2024
£
157
1,473		 Total
funds
2023
£
503
503
Total
funds
2023
£
1,043
1,043
Total
funds
2023
£
1,473

6. Investment income

7. Other incoming resources

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WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

8. Expenditure on raising funds

Fundraising trading expenses

Fundraising event costs
Total 2024
Total 2023		 Restricted
funds
2024
£
894
894
-		 Unrestricted
funds
2024
£
-
-
178		 Total
funds
2024
£
894
894
178		 Total
funds
2023
£
178
178

9. Analysis of expenditure by activities

WeGrow
WeBelong
WeDiscover
Head Office
Flintshire
Wrexham
Total 2024
Total 2023		 Activities
undertaken
directly
2024
£
29,382
11,252
74,504
87
266,421
281,169
662,815
484,136		 Support
costs
2024
£
-
-
7,380
143,743
23,110
56,247
230,480
296,362		 Total
funds
2024
£
29,382
11,252
81,884
143,830
289,531
337,416
893,295
780,498		 Total
funds
2023
£
324,978
19,532
123,651
288,110
-
24,227
780,498

Page 23

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Programme costs
Total 2024
Total 2023
Staff costs
Programme costs
Total 2024
Total 2023		 WeGrow
2024
£
27,879
1,503
29,382
324,311		 WeBelong
2024
£
4,031
7,221
11,252
19,327		 WeDiscover
2024
£
58,944
15,560
74,504
116,271
Wrexham
2024
£
206,542
74,627
281,169
24,227		 Head Office
2024
£
-
87
87
-
Total
funds
2024
£
510,615
152,200
662,815
484,136		 Flintshire
2024
£
213,219
53,202
266,421
-
Total
funds
2023
£
343,219
140,917
484,136

Page 24

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Vehicle costs
Insurance
Training and welfare
Premises costs
Travel and subsistence
Other costs
IT and communications
Office costs
HR, marketing and consultancy
Subscriptions
Rent and rates
Utilities
Accountancy
Bank charges
Recruitment fees
Total 2024
Total 2023		 WeGrow
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
667		 WeBelong
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
205		 WeDiscover
2024
£
-
7,380
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,380
7,380		 Head Office
2024
£
90,943
8,763
1,058
1,114
6,560
168
2,943
11
3,605
823
7,884
3,381
(414)
-
4,598
306
12,000
143,743
288,110		 Flintshire
2024
£
-
-
-
2,519
1,563
547
102
-
2,446
297
8,097
406
6,582
-
175
351
25
23,110
-

Page 25

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

9. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Wrexham
2024
£
Staff costs
-
Depreciation
-
Vehicle costs
-
Insurance
3,993
Training and welfare
1,119
Premises costs
747
Travel and subsistence
108
Other costs
-
IT and communications
4,270
Office costs
297
HR, marketing and consultancy
34,380
Subscriptions
406
Rent and rates
9,496
Utilities
-
Accountancy
875
Bank charges
531
Recruitment fees
25
Total 2024
56,247
Total 2023
-
10.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respect of:
All other services not included above		 Total
funds
2024
£
90,943
16,143
1,058
7,626
9,242
1,462
3,153
11
10,321
1,417
50,361
4,193
15,664
-
5,648
1,188
12,050
230,480
296,362
2024
£
1,140
4,368		 Total
funds
2023
£
148,083
17,882
2,980
6,509
752
1,634
1,469
283
13,444
(97)
33,565
3,118
53,483
4,907
7,250
1,100
-
296,362
2023
£
1,925
3,300

Page 26

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
552,760
39,276
9,522
601,558		 2023
£
455,021
28,825
7,456
491,302

The average number of persons employed by the Charity during the year was as follows:

2024 2023
No. No.
Employees 26 24

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £70,001 - £80,000 1 -

The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) paid to the key management personnel of the Charity was £80,788 (2023: £73,749).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL)

During the year ended 30 April 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 27

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

13. Intangible assets

Cost
At 1 May 2023
At 30 April 2024
Amortisation
At 1 May 2023
Charge for the year
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023		 Computer
software
£
35,146
35,146
24,624
10,522
35,146
-
10,522

Page 28

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

14. Tangible fixed assets

Cost or valuation
At 1 May 2023
Additions
At 30 April 2024
Depreciation
At 1 May 2023
Charge for the year
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023
15.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures &
Fittings
£
6,811
-
6,811
5,125
718
5,843
968
1,686		 Computer
equipment
£
30,716
1,231
31,947
20,219
4,903
25,122
6,825
10,497
2024
£
264
81,836
10,015
92,115		 Total
£
37,527
1,231
38,758
25,344
5,621
30,965
7,793
12,183
2023
£
5,000
12,789
8,700
26,489

Page 29

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

16. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Deferred income at 1 May 2023
Resources deferred during the year
Amounts released from previous periods		 2024
£
7,500
6,418
5,508
19,426
2024
£
110,000
-
(110,000)
-		 2023
£
5,267
4,542
115,000
124,809
2023
£
155,375
110,000
(155,375)
110,000

Deferred income in the previous year related to grants received for projects during the current accounting year.

Page 30

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

17. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
We Discover North Wales
We Belong
Flintshire Men 2
Manchester Mixed 1
Big Conversation / Wrexham
Flintshire
General funds
The Hub - Head Office
Total Unrestricted funds
Restricted funds
WeDiscover North Wales
Big Conversation / Wrexham
Flintshire
WeDiscover Chester
National lottery funding
Manchester Mixed 1
Total of funds		 Balance at 1
May 2023
£
6,819
34,038
21,694
15,609
(24,227)
-
53,933
263,687
317,620
-
-
-
-
62,059
-
62,059
379,679		 Transfers
Balance at
30 April
Income
Expenditure
in/out
2024
£
£
£
£
-
-
(6,819)
-
-
(11,383)
-
22,655
108
(9,386)
(12,416)
-
203
(4,472)
(11,340)
-
100,030
-
29,923
105,726
34,856
(3,430)
-
31,426
135,197
(28,671)
(652)
159,807
24,706
(44,515)
(6,923)
236,955
159,903
(73,186)
(7,575)
396,762
82,766
(79,288)
6,819
10,297
362,875
(362,875)
-
-
278,025
(278,025)
-
-
30,000
(30,756)
756
-
-
(62,059)
-
-
8,000
(8,000)
-
-
761,666
(821,003)
7,575
10,297
921,569
(894,189)
-
407,059

Page 31

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

17. Statement of funds (continued)

Designated and restricted funds (some of these fund exist as both restricted and designated owing to the different nature of the income).

WeDiscover North Wales - a virtual programme in North Wales for young people aged 16 to 25 to find and meet young people where they are and engage those who isolated and lack confidence to make the next step into the world.

WeBelong – our programme for graduates of WeMindTheGap programmes providing support and friendship with opportunities to connect and challenge themselves whilst supporting each other. A programme to help and support their continue progression in life and the world of work and education.

Flintshire Men 2 – a WeGrow programme for 18 to 25 year olds in Flintshire offering six months of paid employment followed by a further six months of dedicated support as graduates move into the world of work or education.

Manchester Mixed 1 – a WeGrow programme in Manchester offering six months of paid employment followed by a further six months of dedicated support as graduates move into the world of work or education.

WeGrow – a fund to support the development of any young people in our We Grow programmes.

Big Conversation/Wrexham – a piece of research to find the voices and experiences of young people aged 18 to 21 whose lives had changed during the pandemic, followed by a community based programme encompassing our virtual WeDiscover programme and in person WeGrow employment programme run for the people of Wrexham.

Flintshire - a community based programme encompassing our virtual WeDiscover programme and in person WeGrow employment programme run for the people of Flintshire.

WeDiscover Chester - a virtual programme for young people aged 16 to 25 living in Chester to find and meet young people where they are and engage those who are isolated and lack confidence to make the next step into the world.

National Lottery Funding – grant funding received from the National Lottery Community Fund to support the costs of the charity and its programmes.

Page 32

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
We Discover North Wales
We Belong
Flintshire Men 2
Manchester Mixed 1
We Grow
Big Conversation / Wrexham
General funds
The Hub - Head Office
Total Unrestricted funds
Restricted funds
National lottery funding
Total of funds		 Balance at
1 May 2022
£
30,469
18,608
24,054
(15,011)
(15,502)
-
42,618
163,980
206,598
-
206,598		 Income
£
100,000
34,500
138,537
138,954
89,269
-
501,260
99,707
600,967
352,790
953,757		 Expenditure
Balance at
30 April 2023
£
£
(123,650)
6,819
(19,070)
34,038
(140,897)
21,694
(108,334)
15,609
(73,767)
-
(24,227)
(24,227)
(489,945)
53,933
-
263,687
(489,945)
317,620
(290,731)
62,059
(780,676)
379,679

Page 33

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
-
10,297
-
10,297		 Unrestricted
funds
2024
£
7,793
408,395
(19,426)
396,762		 Total
funds
2024
£
7,793
418,692
(19,426)
407,059

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by/(used in) operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2024
£
27,380
5,621
10,522
(65,626)
(105,383)
(127,486)
2024
£
326,577
326,577		 2023
£
173,081
6,596
11,408
37,661
(78,368)
150,378
2023
£
455,294
455,294

Page 34

WE MIND THE GAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

21. Analysis of changes in net debt

Cash at bank and in hand At 1 May
2023
£
455,294
455,294		 Cash flows
£
(128,717)
(128,717)		 At 30 April
2024
£
326,577
326,577

22. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £9,522 (2023: £7,456). £Nil (2023: £Nil) were payable to the fund at the balance sheet date.

23. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 April 2024.

Page 35