Company Registration Number - 09128221
The Charity Registration Number is :- 01166652
Skills 4 Work (Gateshead) Limited
Report and Accounts
31 July 2023
Skills 4 Work (Gateshead) Limited
Report and accounts for the year ended 31 July 2023
Contents
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|---|---|---|---|---|---|---|
|Page|
|Charity|information|4|
|Trustees’|Annual|Report|4|
|Statement|of directors’|responsibilities|7|
|Independent Accountant's|Report|9|
|Funds|Statements:-|
|Statement|of|Financial|Activities|11|
|Statement|of|Financial|Activities|-|Prior Year statement|12|
|Statement|of total|recognised|gains|and|losses|13|
|Movements|in|funds|16|
|Fixed|Asset|funds|14|
|income|and|Expenditure|account|16|
|Balance|sheet|17|
|Notes|to the|accounts|18|
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Skills 4 Work (Gateshead) Limited
Company Registration Number - 09128221
Trustees’ Annual Report for the year ended 31 Juty 2023
The Trustees present their Report and Accounts for the year ended 31 July 2023, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The charity name.
The Jegal name of the charity is:- Skills 4 Work (Gateshead) Limited.
The charity is also known by its operating name, Skills 4 Work (Gateshead) Limited.
The charity's areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 01166652.
The charity does not operate in any overseas jurisdictions,
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The goveming document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. The governing : document is dated Sen 20i8
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
1
Skills 4 Work (Gateshead) Limited
Company Registration Number - 09128221
Trustees’ Annual Report for the year ended 31 July 2023
The principal operating address, telephone number, email and web addresses of the charity are:-
Harris Bank Family Hub
Harris Bank, Birtley
, DH3 2LN
Telephone 07562 276263
Email Address twskills@gmail.com Web address skills4work.org
The registered office of the charity for Companies Act purposes is:-
B3 Kingfisher House
Team Valley, Gateshead Tyne and Wear, NE11 0JQ
The Trustees in office on the date the report was approved were:-
Glenn Farrage
Catherine Williams
Peter Proudiock
Alan Balmer (Appointed 16/01/2024) Jason Selkirk (Appointed 16/01/2024) Pauline Leybourne (Appointed 16/01/2024) Shaun Vinnicombe (Appointed 16/01/2024) Matthew Evans (Appointed 16/01/2024) Elvina Fooy (Appointed 16/01/2024) Brenda Munro (Appointed 16/01/2024}
The following persons served as Trustees during the year ended 31 July 2023 :-
The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.
Glenn Farrage
Catherine Williams Peter Proudlock
All the trustees are also members of the charity,
2
Skills 4 Work (Gateshead) Limited Company Registration Number - 09128221 Trustees’ Annual Report for the year ended 31 July 2023 Objects and activities of the charity The purposes of the charity as set out in its governing document.
The charitable company exists to act as a foca! point for the young people in the community of Gateshead, Tyne & Wear. It is a ‘not for profit’ organisation, managed by local people for the local people, with support from the City of Gateshead.
The main activities undertaken in relation to those purposes during the year.
The company acts as a not for profit organisation to provide the advancement of education, citizenship and work related opportunities to young people in Gateshead, Tyne & Wear.
The delivery of the objects are achieved by working in partnership with numerous organisations, and the trustees value this partnership working arrangement, and the input of the volunteers who make many of these opportunities possible.
The charitable company has worked with local disability advisors, job centre plus advisors, colleges, schools, Gateshead City Council and social services to raise awareness of the project and develop referral processes to the Employability Skilis Programme.
Group members have been recruited from across the Metropolitan Borough of Gateshead, with referals coming from a variety of like-minded organisatons, as well as through word of mouth from young peopie and their families. Links have been established with focal employers who support our charitable company’s Work Placement Programme, and this has helped us to bridge the gap between disability and employment.
Once recruited, our members (young adults with disabilities) work with our sessional workers to support them through the transition from education into employment, We support our members through a personalised pathway directed via. an individual teaming plan (ILP) which prepares each individual to realise their awn personat potential, and sets realistic goals for their future in paid or voluntary/placement employment. ILP's support members through 2 bespoke joumey of training, skills development, volunteering and employment placements.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The organisation has established a website and developed access to its support services for the public as a whole in the Gateshead area.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity, and have complied with their duty to have regard to the guidance on pubiic benefit in exercising their powers and duties.
3
Skills 4 Work (Gateshead) Limited
Company Registration Number - 09128221 Trustees' Annual Report for the year ended 31 July 2023
The main achievements and performance of the charity during the year.
We would like to take the opportunity to thank the staff team and dedicated volunteers, especially our management trustees, who have supported our development of new parinerships, the transition to new offices and recruitment of new staff to our existing team.
We are now running three Community Lunches in three different venues which allows our members to gain valuable work experience, especially in hospitality and catering. Engaging over 70 local residents every month, we are proud that all three venues are part of the Gateshead Warm Spaces programme.
We also took an active part in the Gateshead summer holidays programme, running a four week programme for young people who would benefit for sessions adressing the needs of young people who may have additional support needs. All of our activities were free thanks to the generous support of funders.
We would like to give thanks for the continuted support of the Tyne and Wear Community Foundation, Gateshead Council, Sport England, National Loitery Awards for ail, Heritage Lottery Fund, local businesses and other funders who allowed us to run free programmes throughout the year.
We were delighted to be awarded a National Award from Employment UK for creating opportunities for young people with a varirty of needs and The Difference Awards for our commitment te accessibility and inclusion for disabled people.
We are very proud of all the young people for how they have adapted so smoothly to the change of office spaces and sessions, now held in community venues. They are a credit to themselves and the charity. Our weekly employment sessions and work placement programme have gone from strengh to strength, and it is amazing to see cur young people progress into paid employment once again this year.
Fundraising activities during the year.
During the year our organisation raised rstricted funding from Gatesead Council, Community Foundation Tyne & Wear and Northumberland, Charitable Giving (via Amazon) and other funders.
The charity relies heavily on grant aid from the donors as identified in the accounts, whose support is very highly valued.
The difference the charity's performance during the year has made to the beneficiaries of the charity and the wider society.
During the year the charity has reached out to its members to provide invaluable support in developing self-confidence and increasing the skills that individuals need to survive in the world of employment and the life skills development to be active members of the local community.
4
Skills 4 Work (Gateshead) Limited Company Registration Number - 09128221 Trustees' Annual Report for the year ended 31 July 2023 Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
The members of the management committee are elected annually by way of nominations at the AGM, and normally hold office until the AGM the following year. Any co-opted non-voting vacancy may be filled by way cf nomination at the next meeting of the management committee. Nominations and consents must be sent to the committee within seven days of the notice calling the AGM.
New Trustees undergo an induction to brief them on their legal obligations under the charity and company law, the content of the company's Memorandum and Articles of Association, the committee and decision making processes, the up to date business plan and recent financial performance of the charity, During their induction new trustees are encouraged to meet the key individuals and other trustees. New trustees are also advised to attend appropriate external training events, where these can facilitate a greater understanding of their legal responsibilities.
Barclays Bank Pic, 245 High Street, Gateshead, Tyne & Wear, Bankers NES 18X Accountants Laverick Walton & Co, B3 Kingfisher House, Team Valley, Gateshead, NE11 0JQ
Financial review
The charity's financial position at the end of the year ended 31 July 2023
| The financial position ofthe charity at 31 July2023and comparatives forthe prior | The financial position ofthe charity at 31 July2023and comparatives forthe prior | The financial position ofthe charity at 31 July2023and comparatives forthe prior | The financial position ofthe charity at 31 July2023and comparatives forthe prior |
|---|---|---|---|
| pericd, as more fullydetailed in the accounts, can be summarised as follows:- | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Net income | 20,989 | 5,932 | |
| Unrestricted Revenue Funds | |||
| available forthegeneral | 31,671 | 25,940 | |
| purposes ofthe charity | |||
| Restricted Revenue Funds | 82,238 | 66,980 | |
| Total Funds | “___ 473,909~ | = | $2,920 |
Financial review of the position at the reporting date, 31 July 2023 .
The Trustees consider the financial performance of the charity during the year fo have been satisfactory, and the surplus realised has given the charity a greater degree of stability with the retained funds as outlined above.
The retained funds will allow the Trustees to plan and apply for higher levels of funding, with more complex access requirements, and longer lead times, in the belief that the ongoing costs can sitll be met.
5
Skills 4 Work (Gateshead) Limited
Company Registration Number - 09128221
Trustees’ Annual Report for the year ended 31 July 2023
Policies on reserves.
The charity aims to maintain sufficient reserves to cover all direct costs and overheads for a period of 5 months at all times.
At 31st July 2023 we have managed to amass unrestricted reserves of £31,671, and £82,238 of restricted reserves. Our costs amounted to £54,034 for the year so we have met our target for retained reserves at this year-end.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of The Independent Examiner
Mr J Mills FCCA
Member of Association of Chartered Certified Accountants
B3 Kingfisher House
Team Vailey Gateshead
Tyne & Wear NE11 0JQ
6
Skills 4 Work (Gateshead) Limited Company Registration Number - 08128221 Trustees’ Annual Report for the year ended 31 July 2023
Statement of the Directors Trustees’ Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2071 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to ali accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as ai the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
~ select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inap} to presume that the charity will continue in business;
-
~ state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The Trustees are also responsible for the contents of the Trustees’ report, and the statutory responsibility of the independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
7
Skilts 46 Work (Gateshead) Limited
Company Registration Number - 09128221
Trustees’ Annual Report for the year ended 34 July 2923
Method of preparation of accounts ~ Small company provisions
The financial statements are sot out on pages {1 te 28.
The financial statements have been prepared :mplementing the FRS 102 SORP {Statement of Recommended Practice for Accounting and Reportng by Charities) 2016, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginn:'ng on or after is! January 2019}, {The SORP), and in accordance with the Financia} Reporting Standard 162, (efectwe ist January 2016)
These financial siatemenis nave been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies
This report was approved by the board of trustees on 22 Apri 2024.
Mr G Farrage Director and Trustee
Skills 4 Work (Gateshead) Limited
Report of the independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 July 2023
| report to the Trustees on my examination of the financial statements of the charitable company on pages 11 to 28 for the year ended 31 July 2023 which have been prepared in accordance with the Charities Act 2011 (the Act} and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 18.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Aci 2071 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
i report in respect of my examination of the charity's financial statements carried out under $145 of the Act. In carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financiai statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is fo establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information suppiied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, | do not express an audit opinion on the view given by the financial statements, and in particular, | express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
9
Skills 4 Work (Gateshead) Limited
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report | obtained written assurances from the Trustees of all material matters.
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, | have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
The accounts are being examined in the circumstances specified in Regulation 34(3)(b, and the date when the Charity Commission dispensed with the requirements for audit under Section Section 144(1) of the Charities Act 2011 (the Act) of the Act was :-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
{ 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 financial statements to be reached.
Signed:-
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Jo
Mr J Mills FCCA - Independent Examiner
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Association of Chartered Certified Accountants
83 Kingfisher House
Team Valley Gateshead Tyne & Wear NE11 0JQ
This report was signed on 22 April 2024
10
Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 37 July 2023, as required by the Companies Act 2006)
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|---|---|---|---|---|---|---|---|---|---|
|sorp|Currentyear|Current year|Current year|Current year|—Prior Year|
|Ref|Unrestricted|Restricted|Endowment|Total Funds|= Total Funds|
|Funds|Funds|Funds|
|2023|2023|2023|2023|2022|
|£|£|£|£|£|
|income|&|Endowments|from:|
|Donations &|Legacies|Al|2,075|68,263|-|70,338|54,925|
|Charitable activities|A2|4,685|-|-|4,685|3,570|
|Total|income|A|6,760|68,263|-|75,023|58,495|
|Expenditure|on:|
|Raising|funds|Bi|(96)|-|-|(86)|400|
|Charitable|activities|B2|4,125|53,005|-|54,130|52,463|
|Total|expenditure|B|1,029|53,005|-|54,034|52,563|
|Net|income|for the|year|5,731|45,258|-|20,989|§,932|
|Net income|after transfers|A-B-C|5,731|15,258|-|20,989|5,932|
|Net|movement|in|funds|§,731|15,258|~|20,989|5,932|
|Reconciliation|of|funds:-|E|
|Total funds|brought forward|25,940|66,980|-|92,920|86,987|
|Total funds|carried|forward|31,674|82,238|||-|113,909|92,919|
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The ‘SORP Ref indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All activities derive from continuing operations
The notes attached on pages 18 to 28 form an integral part of these accounts.
14
Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
Skills 4 Work (Gateshead) Limited - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
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|---|---|---|---|---|---|---|---|---|---|
|SORP|Prior Year|Prior Year|Prior Year|Prior Year|
|Ref|Unrestricted|Restricted|Endowment|Total|Funds|
|Funds|Funds|Funds|
|2622|2022|2022|2022|
|£|-|£|£|
|Income|&|Endowments|from:|
|Donations &|Legacies|Ai|1,250|53,675|-|54,925|
|Charitable|activities|A2|3,570|-|-|3,570|
|Other|trading|activities|A3|-|-|-|-|
|Investments|A4|.|-|-|-|
|Other|AS|-|-|-|-|
|Total|income|A|4,820|53,675|™|z|58,495|
|Expenditure|on:|
|Raising|funds|Bi|100|-|-|400|
|Charitable|activities|B2|1,069|51,394|-|52,463|
|Other|B3|-|.|=|*|
|Tax on|surplus|on|ordinary|activit|B3|-|-|-|-|
|Other|taxation|B3|-|-|-|-|
|Total|expenditure|B|1,469|51,394|-|52,563|
|Net gains on|investments|B4|=|z|=|3|
|Net|income for the year|3,651|2,281|-|5,932|
|Transfers between funds|Cc|-|-|-|:|
|Net income after transfers|3,651|2,281|-|5,932|
|Net movement|in|funds|3,654|2,284|-|5,932|
|Reconciliation|of|funds:-|E|
|Total|funds|brought forward|22,289|64,698|-|86,987|
|Total funds|carried|forward|25,940|66,979|5|92,919|_|
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All activities derive from continuing operations
A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement
The notes attached on pages 18 to 28 form an integral part of these accounts.
12
Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Statement of Total|Recognised|Gains and|Losses|for the year ended|31|July 2023|
|2023|2022|
|£|£|
|Surplus|for the|year|:-|
|Net|excess|of income|over expenditure|from|operations|before|tax|20,989|5,932|
|Realised|gains|on|disposais|of social|investments|which|are|programme|related|.|*|
|20,989|5,932|
|Income|from|operations before|tax in|the|Statement of Financial Activites|
|Net Movement|in|funds|before|taxation|20,989|5,932|
|Funds|generated|in|the year|as|shown|on|Statement|of Financial|Activities|20,989|5,932|
|The|notes|attached|on|pages|18 to|28 form|an|integral|part of these accounts.|
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Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
Skills 4 Work (Gateshead) Limited - Resources applied in the year ended 31 July 2023 towards fixed assets for Charity use:-
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|=|E|
|Funds|generated|in|the|year|as|detailed|in|the|SOFA|20,989|5,932|
|Net resources|available|to fund|charitable|activities|20,989|5,932|
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The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 18 to 28 form an integra! part of these accounts.
14
Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
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Movements in revenue and capital funds for the year ended 31 July 2023
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Revenue accumulated funds
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|Last year|
|Funds|Funds|Funds|Funds|Total Funds|
|2023|2023|2023|2023|2022|
|£|£|£|£|€|
|Accumulated|funds|brought|forward|25,940|65,980|-|92,920|86,987|
|transfersRecognised|gains and|losses|before|a5,731|45,258|"|aNTLTR|20,989|ee5,932|
|31,671|82,238|-|113,909|92,919|
|Closing|revenue funds|31,671|32,238|-|413,909|$2,919|
|Summary|of|funds|Unrestricted|Restricted|Endowment|Total|Last Year|
|and|Funds|Funds|Funds|Total|Funds|
|Designated|funds|
|2023|2023|2023|2023|2022|
|£|£|£|£|£|
|Revenue accumulated|funds|31,671|82,238|-|113,909|92,919|
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The notes attached on pages 18 to 28 form an integral part of these accounts.
15
Skills 4 Work (Gateshead) Limited - Statement of Financial Activities for the year ended 31 July 2023
Skills 4 Work (Gateshead) Limited Income and Expenditure Account for the year ended 31 July 2023 as required by the Companies Act 2006
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Income | |||
| Incomefrom operations | 75,023 | 58,495 | |
| Investment income | |||
| Gross income in theyear before exceptional | items | 75,023 | 58,495 |
| Gross income in theyearincludingexceptional items | 75,023 | 58,495 | |
| Expenditure | |||
| Charitableexpenditure, excluding depreciation and amortisation Fundraising costs Realised losses on disposals ofsocial investments which areprogramme related |
54,130 (96) - |
52,463 100 |
|
| Totalexpenditure intheyear | 54,034 | 52,563 | |
| Netincomebeforetax inthefinancial year | 20,989 | 5,932 | |
| Taxon surplus on ordinary activities | - | - | |
| Net income aftertax in the financial year | . | 20,989 | 5,932 |
| Retained surplusforthe financial year | 20,985 | 5,932 | |
| Allactivitiesderivefromcontinuingoperations |
in accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 18 to 28 form an integral part of these accounts.
16
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Skills 4 Work (Gateshead) Limited - Balance Sheet as at 314 July 2023
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SORP
Noie Ref 2023 2022
£ ‘ £
Current asenis &
Debtors 9 82 13,153 au
Cash at bank and in hand B4 401,523 93,222
Total current assets 414,682 93,653
Creditors: amounts falling due within
one year 1 Ct ____ 773) 1733)
Net current assets 113,908 92,920
The totai net assets of the charity 113,309 —92,920
The total net assets of the charity are funded by the funds of the charity, 36 follows:-
Endowment funds
Restricted funds
Restricted Revenue Funds 14 D2 82,238 66,980
82,238 66,980
Unrestricted Funds
Unrestricted Revenue Funds 14. 03 31,871 25,940
31,671 26,840
Designated Funds
Total cherity funds 443,060 92,920
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The ‘SORP Ref indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As raquired by paragraph 4.60 of the SORP, the brought forward and carried forward funds shove have been agresd to the SOFA.,
The directors ara satisfied that tha company is entitled ta exermpuon from the requirement io obtain an audit under saction 477 of the Companies Act 2006.
The members have not required the company to obtain an auditin accordance with section 478 of the Act.
The directors acknowledge thelr responsibillies for complying wilh ihe requirements of the Companies Act 2006 with respect fo accounting records and the preperation of accounts,
The charity Is subject to Independent Examination under charity legislation, and the report of the Independent Examiner Is on page 10, ‘ The financist statements have been prepared in accordancewith the provisions in Part 15 of the Companies Act 2006. applicable to companies subject io the small compeniés regime.
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MrG Farrage
Trustee
Approved by the board of trustees on 22 Apr! 2024
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The notes attached on pages 13 fo 28 form an integral part of these accounts.
4
Skills 4 Work (Gateshead) Limited Notes to the Accounts for the year ended 31 July 2023 1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
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The accounts have been prepared on the accruals basis, under the historical cast convention, and in accordance with the
Financial Reporting Standard 102, (effective 1st January 2016) and ‘FRS 102 SORP (Statement of Recommended
Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and
applicable to all accounting pericds beginning on or after 1st January 2019), (The SORP), published by ihe Charity
Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the
charity's jurisdiction of registration, except that the charity has prepared the financial statemenis in accordance with the
FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended
by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019),
(The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact
that the extant statutory regulations, the Charities (Accounts and Reports} Regulations 2008 refer explicitly to the SORP
2005. This has been done to accord with current best practice.
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Going Concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 July 2024, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concem.
Risks and future assumptions
The charity is a public benefit entity. The Trustees have a risk management strategy which comprises: ~ An annual review of the risks that the charity may face; - The establishment of systems and procedures to mitigate those risks identified in the plan; - Implementation of pracedures designed to minimise any potential impact on the charity should those risks materialise,
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income, income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its abilities and only when the charity has legal entitlement, the income is probable and can be measured reliably, income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs.
18
Skills 4 Work (Gateshead) Limited Notes to the Accounts for the year ended 31 July 2023
Accounting for deferred income and income received In advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its contral, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject ta unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, itis disclased as a contingent asset if receipt of the grant or donation is probable once those conditions are met, Where time related conditions are imposed or implied bya funder, then the income is apportioned to the time periods concemed,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific lime reiated conditions, then the income is not deferred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a fability to any repayment is recognised when repayment becomes probable.
Niembership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation. The income from @ membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities,
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Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past
event, and when itis more likely than not that a transfer of econamic benefits will be required in settlement, and when the
amount of the obligation can be measured or refiably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants,
where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a
Provision in the accounts, which Is reviewed at the accounting year end. The provision is increased to reflect any
increases In liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision
is no longer required. These movements are charged or credited to the respective funds and activities to which the
provision relates,
Policies relating to assets, liabilities and provisions and other matters.
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Tangible fixed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives, Plant and machinery 33 % straight line
A regular annual review of the likelinood of asset impairment is undertaken.
19
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Skills 4 Work (Gateshead) Limited
Notes to the Accounts for the year ended 31 July 2023
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Debtors
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Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Short term creditors are measured at the transaction price, which is equivalent to the invoiced amourt, inclusive of VAT where applicable.
Pensions - defined contribution schemes
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The charity operates a defined contribution pension scheme, Contributions are charged to the profit and loss account as
they become payable in accordance with the rutes of the scheme.
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Fund Accounting
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Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the
charity.
There are no designated funds.
Restricted funds are subjected to resirictions on their expenditure imposed by the donor or through the terms of an
appeal or as implied by law.
There are no endowment funds.
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- 2 Liability to taxation
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The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for
UK corporation tax purposes. Accardingly, the Charity is potentially exempt fram taxation in respect af income or capital
gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the
Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exctusively on the specific
charitable objects of the charity and for no other purpose, Value Added Tax is nat recoverable by the charity, and is
therefore included in the relevant costs in the Statement of Financial Activities.
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3 Winding up or [dissolution] [of] [the] [charity]
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ff upon winding up or dissofution of the charity there remain any assets, after the satisfaction of all debts and fiabilities, the assets represented hy the accumulated fund shall be transferred to some other charitable body or bedies having similar objects to the charity. 4 Significance of financial instruments to the charity's position
There are no significant implications to the charity from the use of financial instruments.
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5 The contribution of volunteers
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The charity is run by its Trustees, who are all volunteers, They sit on the management committee and give their time
freely to support the running of the organisation, and manage the sessional workers engaged by the charity so that the
charity can meet its objectives. The Trustees also set budgets and monitor how the chanity is performing, and discuss the
ways in which any income that is surplus to the requirements of the dayto day Tunning costs can be invested.
Additionally, a number of volunteers are deployed to run activities such as the fairs and rafles for the charity, and without
this contribution the charity would be unable to deliver the rangeofactivities that are so highly valued by the lacal
community.
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20
Skills 4 Work (Gateshead) Limited
Notes to the Accounts for the year ended 31 July 2023 6 Staff costs and emoluments
Salary costs 2023 2022 3 £ Gross Salaries excluding tustees and key management personnel 43,344 9,654 Total salaries, wages and refated costs 13,344 __9,654_ The average number of part time staff employed in the year was 2 2 Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year. No employees received emoluments {excluding pension costs) in excess of £60,000 per annum, 7 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
8 Tangible fixed assets
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Current yesr BuildingsLand and MachineryPlant & VehiclesMotor Tatar
£ £ £ £
Cost
At 1 August 2022 - 1,600 - 1,600
At 31 July 2023 —= 7,600 es 4,600
Depreciation
At 1 August 2022 - 1,600 - 1,600
At 31 July 2023 - 1,600 - 1,800
Net book value
At 31 July 2023 = - = -
cae Land and Plant & Motor
Buildings Machinery Vehicies be
£ £ £ £
Cost
O14 August 2021 - 1,600 1,600
31 July 2022 + 1,600 : - 1,600
Depreciation
01 August 2021 . 1,600 “ 1,600
31 July 2022 - 1,600 - 1,600
Net book vaiue
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A significant element of the fixed assets were acquired with the aid of grants and there are restrictions upon the manner in which the assets can be dealt with imposed by the grant making authorities. All assets are used for direct charitable purposes,
21
Skills 4 Work (Gateshead) Limited
Notes to the Accounts for the year ended 31 July 2023
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|||||||
|---|---|---|---|---|---|
|9|Debtors|
|2023|2622|
|£|£|
|Trade debtors|12,772|-|
|Other debtors|381|431|
|13,453|434|
|10|Creditors:|amounts|falling due within one year|2023|2022|
|Accruals|773£|733£|
|11|Income and Expenditure account summary|2023|2022|
|£|£|
|At 1 August 2022|92,919|86,987|
|Surplus after tax for|the year|20,989|5,932|
|At 34|July 2023|113,908|92,919|
|12|No|related|party transactions|
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There were no related parties in the year.
13 Particulars of how particular funds are represented by assets and liabilities
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At 31 July 2023 Unrestricted Designated Endowment Restricted Total
funds funds funds funds Funds
Current £ £ £ £ =
Current Assets 32,444 - 62,238 114,682
Liabilities (773) i . (773)
31,671 __- ry 82,238 113,909
At 1 August 2022 Unrestricted Designated Endowment Restricted Tota}
funds funds funds funds Funds
Current £ £€ £ £ £
Current Assets 26,673 - - 66,980 93,653
Liabilities (733) - - {733}
25,940 - _ =| 66,980 92,920
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22
Skills 4 Work (Gateshead) Limited
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Notes to the Accounts for the year ended 31 July 2023
14 Change in total funds over the year as shown in Note 13, analysed by individual funds
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Funds Movement in Transfers Funds carried
brought funds in 2023 between forward to
forward from funds in 2023 2024
2022
See Note 15 See Note 0
£ € £ £
Unrestricted and designated funds:-
Unrestricted Revenue Funds 25,940 5,731 - 34,671
Total unrestricted and designated funds 25,940 5,731 = 31,671
Restricted funds;-
Restricted Revenue Fund 66,980 15,258 - 82,238
Total restricted funds 66,980 15,258 : 82,238
Total charity funds 92,920 20,989 = 113,909
15 Analysis of movements in funds over the year as shown in Note 14
Other
Income Expenditure Gains & Movement
Losses in funds
2023 2023 2023 2023
Unrestricted and designated funds:- £ £ £ £
Unrestricted Revenue Funds 6,760 (1,029) - 5,731
Restricted funds:-
Restricted Revenue Fund 68,263 (53,005) - 15,258
Endowment funds:-
75,023 (54,034) - 20,989
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16 The purposes for which the funds as
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Unrestricted and designated funds:-
Unrestricted These funds are held for the meeting the objectives of the charity, and to
Revenue Funds provide reservesfor future activities, and , subject to charity legislation, are
free from all restrictions on their use.
Restricted funds:-
Restricted These funds are held for meeting the objectives of the charity, and to
Revenue Fund Provide reserves for future activities and, subject to charity legislation, are
restricted in their use by the donor of funds.
17 Ultimate controlling party
The charity is under the control of its legal members.
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23
Skills 4 Work (Gateshead) Limited
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Detailed analysts of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015
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|||||||||
|---|---|---|---|---|---|---|---|
|This analysis is classsified by conventional nominal descriptions and|not|by|activity.|
|18|Donations,|Grants|and|Legacies|
|Currentyear|Curentyear|Currentyear|Current year|Prior Year|
|Unrestricted|Restricted|Endowment|Total Funds|Total|Funds|
|Funds|Funds|Funds|
|2023|2023|2623|2023|2022|
|£|£|£|£|£|
|Donations and|gifts from individuals|
|Small donations individually tess than £1000|1,325|:|2|1,325|500|
|Total donations and gifts from individuals|4,325|>|.|4,325|500|
|Current year|Currant|year|Currentyear|Current year|Prior Year|
|Unrestictea|Restncted|tndowment|Total Funds|Total Funds|
|Funds|Funds|Funds|
|2023|2023|2023|2023|2022|
|Revenue|grants fram government and|£|£|£|4|3|z|
|public|bodies|
|Gateshead|Council|.|5,055|.|5,055|8,393|
|Community Foundation Tyne & Wear|
|Northumberland|750|A1530|-|42,280|28,775|
|Liz Twist MP|.|.|.|ss|4,000|
|Northumbria|Police|
|.|4,000|g|4,000|_|
|NHS|England|.|3,420|.|3,420|.|
|Sport England|
|=|7,252|-|7,252|=|
|John D|Endowment Funds|
|=|2.500|.|2.600|.|
|M&S Foundation|es|4,000|.|4,000|.|
|Total public sector revenue grants|750|61,757|-|62,507|38,168|
|All the grants|in the|prior year were|unrestricted.|
|Revenue grants from government and public bodies|- Prior Year analysis|
|Prior Year|Prior Year|Prior Year|Prior Year|
|Unrestricted|Restricted|Endowment|
|Funds|Funds|Funds|Toul rusts|
|2022|2022|2022|2022|
|£|£|£|£|
|Prior Year|750|37,418|-|38,163|
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24
Skills 4 Work (Gateshead) Limited
Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015
| Currentyear | Currentyear | Curentyear | Curentyear | Currentyear | PriorYear | ||
|---|---|---|---|---|---|---|---|
| Unrestricted Funds |
= Restricted Funds |
== Endowment Funds |
TotalFunds | =TotalFunds | |||
| 2023 | 2023 | 2023 | 2623 | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Revenuegrants and donationsfromnon | non | ||||||
| publicbodies | |||||||
| UKYouth | Xs | s | = | . | 7,947 | ||
| Charitable Giving-Funding byAmazon | . | . | r | = | 6,500 | ||
| Schofeild Trust | . | = | a | s | 500 | ||
| Loca!GivingGrants | ES | 500 | - | 500 | 4,000 | ||
| HealthWatch | ss | % | = | “ | 3140 | ||
| NEYouth | E: | 390 | i | 390 | = | ||
| Connected Voice | |||||||
| . | 3,480 | . | 3,480 | . | |||
| Sported Foundation | = | 1,836 | - | 1,836 | = | ||
| KomatsuUKLimited | . | 300 | . | 300 | |||
| Totalprivatesectorrevenue grants | - | 6,506 | - | 6,508 | 16,257 | ||
| Allthe grants in theprioryearwere unrestricted. | |||||||
| Revenuegrantsanddonationsfromnon Yearanalysis |
nonpublicbodies (IncludeGiftAiddanations | danationsframsubsidiaries) | subsidiaries) | ~-Prior | |||
| PriorYear | PriorYear | PriorYear | PriorYear | ||||
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
TotalFunds | ||||
| 2022 | 2022 | 2022 | 2022 | ||||
| £ | £ | £ | £ | ||||
| PriorYear | : | 16,257 | - | 16,257 | |||
| Total Donations, GrantsandLegacies | |||||||
| TotalDonations, Grantsand Legacies |
Al | 2,075 | 88,263 | a FS |
70,338 | : 54,925 |
|
| ; | |||||||
| Allthedonationsand gifts inthe prioryearwere | unrestricted, | ||||||
| Prioryear | Unrestricted Funds 2022 |
Restricted Funds 2022 |
Endowment Funds 2022 |
PriorYear TotalFunds 2822 |
|||
| € | = | £ | = | ||||
| Total Donations, Grants and Leaacies |
Al | 1,250 | 53,675 | 7 | :7 | 54,926 |
25
Skills 4 Work (Gateshead) Limited
Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015
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|||||||||
|---|---|---|---|---|---|---|---|
|19|Income from charitable activities|-|Trading Activities|
|Currentyear|Currentyear|Currentyear|Currentyear|Current year|Prior Year|
|Unrestricted|Restricted|Endowment|‘fotalFunds|Total funds|
|Funds|Funds|Funds|
|2023|2028|2023|2023|2022|
|Primary purpose and|ancillary trading|E|£|£|£|£|
|Membership|subscriptions|in|return for|
|services|4,685|-|-|4,685|3,570|
|onmg Primary purpose and ancillary|4,885|;|é|4,685|3,570|
|a|NeEeeeeeeeC—=ee|
|20|=|Total income from charitable activities|
|Current year|Currentyeay|Currentyear|Currentyear|Prior Year|
|Current|Unresincted|= Restnicted|Endowment|—|Total Funds|
|year|Funds|Funds|Funds|Total Funds|
|2023|2023|2023|2023|2022|
|£|Ls|=|£|£|
|Total income from charitable trading|4,685|-|-|4,685|3,570|
|Total from charitable activities|A2|4,885|-|-|4,685|3,570|
|21|Expenditure on|charitable activities- Grant|funding|of activities|
|Current year|Curentyear|Currentyear|Current year|Prior Year|
|Current|Unrestricted|Restricted|Endowment|Total Funds|Total Funds|
|Year|Funds|Funds|Funds|
|2023|2023|2023|2023|2022|
|£|£|£|£|£|
|Sessional Tutors - Employment Group|-|28,885|-|29,885|35,116|
|Total grantmaking|costs|Bac|-|29.885|-|29,885|35,116|
|Prior Year|Prior Year|Prior Year|Prior Year|
|Prior|Unrestricted|Restricted|Endowment|yotal Funds|
|Year|Funds|Funds|Funds|
|2022|2022|2022|2022|
|€|£|£|£|
|Sessicnal Tutors -|Employment Group|-|35,146|-|35,116|
|Total grantmaking costs|Bc|:|35,116|Es|35,116|
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26
Skills 4 Work (Gateshead) Limited
Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015
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|||||||||
|---|---|---|---|---|---|---|---|
|22|Support costs|for charitable|activities|
|Current year|Currentyear|Currentyear|Current year|Prior Year|
|Current|Unrestricted|Restricted|Endowment|TotalFunds|Total Funds|
|Year|Funds|Funds|Funds|
|2023|2023|2023|2023|2022|
|£|£|£|£|£|
|Employee|costs not included in|direct costs|
|Salaries|- Administrative|staff|-|43,344|-|13,344|9,654|
|Training and welfare - staff|~|390|-|390|290|
|Travel and subsistence - staff|-|3,547|-|3,547|2,764|
|Premises Expenses|
|Rates and water charges|-|235|-|235|-|
|Room|Hire|-|5,089|=|5,089|2,436|
|Property insurance|352|.|=|352|323|
|Administrative|overheads|
|Stationery and|printing|-|300|-|300|1,020|
|Sundry expenses|«|132|=|132|-|
|PAT tests|-|35|-|35|-|
|Professional fees paid to the Auditor or independent Examiner in addition to audit and examination|
|fees|
|As detailed in Note 23|73|-|-|773|746|
|Professional fees paid to advisors|other than|the auditor or examiner|
|Other legal and|professional|-|48|-|48|114|
|Support costs|before|reallocation|eee1,125|23,120|-|24,246|17,347|
|Total support costs|- Current Year|4425|23420|=|84245|17,347|
|The basis|of allocation of costs between activities|is described|under accounting|policies|-|
|Prior Year|Currentyear|Current year|Current year|Prior Year|
|Unrestricted|Restricted|Endowment|Total Funds|
|Funds|Funds|Funds|
|2023|2023|2023|2022|
|z|£|£|£|
|Employee|casts not included in direct costs|
|Salaries - Administrative|staff|-|9,654|-|9,654|
|Training and welfare|~|staff|-|290|-|290|
|Travel and subsistence - staff|=|2,764|-|2,764|
|Premises Expenses|
|Room Hire|-|2,436|=|2,436|
|Property insurance|323|-|-|323|
|Administrative overheads|
|Stationery and|printing|-|1,020|-|1,020|
|Professional fees paid to the Auditer or|independent Examiner|in addition to audit|andexamination|
|As detailed|in Note 23|748|~|-|746|
|Professional fees paid to advisors|
|Other legal and|professional|-|114|-|114|
|Support costs before reallocation|1,069|16,278|-|17,347|
|Total support costs - Prior Year|1,069|16,278|=|17,347|
|The basis of allacation of costs between|activities|is described|under accounting policies|
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27
Skills 4 Work (Gateshead) Limited Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015
23 Other Expenditure - Governance costs
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Professional fees paid to the Auditor or independent Examiner in addition to audit and examination
fees
Curentyear Currentyear Cusrent year Currentyear Prior Year
Unrestricted Restricted Endowment TotalFunds =Total Funds
Funds Funds Funds
2023 2023 2023 2023 2022
Fees £ (4 E £ £
paid to the examiner's firm 773 - - 773 746
Total additional fees included in a —— 7
support costs at Note 22 ms Ps = mas —_ 746
All the expenditure in the prior year was unrestricted,
Professionalfees fees paid to the Auditor or Independent Examiner in addition to audit and examination
Prior Year Prior Year Prior Year Prior Year
Unresincted = Restricted = Endowment Total Funds
Funds Funds Funds
2022 2022 2022 2022
Fees é £ £ £
paid to the examiner's firm 746 - 748
Total additional fees included in ° ~ OU
support costs at Note 22 ial _ . is
24 Total Charitable expenditure
Current year Currentyear Current year Currentyear Prior Year
Current Unrestncted = Restncted «= Endowment §— Tota Funds Total Funds
Year Funds Funds Funds
2023 2023 2023 2023 2022
£ £ (3 £ £
Total grantmaking costs Bac - 29,885 - 29,885 35,116
Total support costs B2a 1,125 23,120 - 24,245 17,347
Total charitable expenditure B2 1,125 53,005 = © 54,130 52,463
Prior Year Prior Year Prior Year Prior Year
Prior Unrestricted Restricted Endowment = Total Funds
Year Funds Funds Funds
2022 2022 2022 2022
£ £ & £
Total grantmaking costs B2c - 35,116 - 35,416
Total support costs 82d 1,069 16,278 - 17,347
Total charitable expenditure B2 82,4631,069 51,394 - 52,463
25 Expenditure on raising funds and costs of investment management
Curentyear Current year Currentyear Current year Prior Year
Current Unrestricted Restnctea indowmentr Total Funds Total Funds
Year Funds Funds Funds
2023 2023 2623 2023 2022
€ £ 2 £ Ly
Cost of fundraising activities (96) - - (86) 100
Total fundraising costs BI aes (86)a- - {98)i! 100
All the expenditure in the prior year was unrestricted.
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28