Company registration number 09013822 Charity registration number 1170010 Gl()bal Sliills Ccntrc Company J.imitcd by Guarantcc Report and Financial Statements for the year ended 30 April 2024
Global Skills Ccntrc Company Limited by Iruarantee Company information Dircctors Polivios r,fyhymiou Jeremy Ilarkcr l.'sjaL. Williams-Gormlic Secretary Joseph Jacobs Company nuinbcr 09013822 Charily numbcr 1170010 Regislcred office 2 Ma.scficld Ilousc Stalford Iload I,ondon NW6 5YU Accounlants I,orralL'x Associates Accountants I l Kiirjbcrlcy Court Kimbcrlcy Iload I,ond()n NW6 7SI. Bankers Ilarclays 13ank plc 74 ShcphL'i'ds 13ush Grecn I.ondon W12 8Ql;. Solicilors Riisscll-cookc Solicilors 2 Pulncy IIill I,ondon SW15 6A13
Global Skills Centre Company Limited by Cyuarantee Contents Page Annual report Indepcndcnt examincrs, rcporl 8tateincnt of fiiiancial activiliLS Ilalancc bhcct N()ies 10 the Siatcmcnt of finiincial aciivitiL's
Global Skills Centrc Company Limited by Guarantcc Annual Report for thc ycar cndcd 30 April 2024 The dircctors present this rcporL and the financial stalcmcnts for the pcriod ended 3 0 April 2024. Organisation Global Ski118 Ccntrc 18 rcgistLrcd as both a Charity and a Company limilcd by guaranlcc and is govcrncd by ils Mcmur<mdum and Articles of Associalion. 'I'hc dircclors arc also 'I'ruslccs ol IhL' charily aiid arc rcfcrrcd io as dircctors. Rcvicw of progress and achicvcmcnts After thL closurL' of our ccnlrL iii Novembcr 2023 (duc lo thc .severc flooding of Maseficld lTousc), our programmcs wcrc tLmpor¢irily disrupted. Ilowevcr, since April 2024 WL. hdVL dL'liverLd scalLd down scrviccs from thc nearby CJranvillc Plus l.'amily Wcllbcing Ccntrc in %outh Kilburn. Prc-Novcmbcr 2023, wc 8ucccssfully dclivcrcd thc following progrdmmcs.. I)igital Inclusion. I,;soI,. Coding) <d Ilobolics. Allcr-scliool Maths and I'nglish 'l'uilion. CurrLlltly wc arc only ablc lo dclivcr Malli8 and I,'iiglish tuitioii for young people at thc (Jranvillc })lu% l.'amily Wcllbcing Cenlrc, with d pl<in lo bL' Lully opcrcilional oncL wc sL'Lurc PL'mianLnl prcmiscs. Nevcrthclcss, Ihc Charity conlinuc8 lo build on thc bcsl of cxisling rcsourccs to fill idcntified local gaps in provision for residents whil.st dclivcring fir%t-class scrviccs in a customcr-oricnlcd culture. Our proLirammcs arc acccssiblc and opcn to all Scciions ol'ihc community. Youth Provision In Llic financial yL'ar 2023/2024, wc Successfully ran two distinct programmcs for childrcn, aged 7- 16.. l. S-I"l-.,M (SciL'ncL "I'cclinology ]-' ngincering and Maihcmatics). 2. Supplcincntary I,'ducation (Al'tcr-8chool 'l'uilion). 47 Young pcople were cngagcd in thc S'l'l,:M programmc during ihc school icm]8 and holidays, acquiring ncw skills through participating in thc following Icarning activilics: Al. 13uilding a roboi from scratch. Coding, programming and crealing mobile apps. Page I
Global Skills Ccntrc Company Limited by Guarantee Annual Report for the year cndcd 30 April 2024 (continued) 21 childrcn (57 % boys and 43 % girls) participatcd in the s'fF.M holiday pr0grmLS and had the opportunily 10 pr()udly take Iiome the robol which they had buili. 'I"hey wcrc encouragL'd to exhibil their work in thc L'L'ntrc and cit school - thcreby raising awarcncss of the project locally and cncouraging pccr intcrcsl in ILcirning. l)uring school icrn]s, 26 youiig pcoplc (53 /0 boys and 47010 girls) wcre al%0 engagcd in thc Codiiig <ind Elobotics classcs on l.ridays and Saturdays, dcsigncd io prcpare parliLIpts lor ihe VLX Robolics ComplLlion. 50 young pcoplc (46 % boys and 540/0 girls) bcncfitL"d froin Aficr-school Maths and r.nglish tuition in Key Si<ige% 2-4, embcdded with wraparound intcrpLrsondl, lifc tmd slucly skills. 'I"hc youih prograinrnc bring.s togcthcr young peoplc in a safc Icarning cnvironmcnl, wilh scssions frcc at thc point of dL'IivLry tmd accessible to all. G8C provision complcmcnts main8lrcam cducaiion and nurturcs posilivc progrcs% and allainmcnt along%idc promoling conlinuous Icai'niiigj and ciieouraging E)artiClPcints lo devcl()p ncw %kills (for cxainplc, tcamwork, rcscarch, i?roblL'ni-solving, cnhanLingy thLir wLllbLingJ and pLrsonal dLvLlopmL'nl lo aLhicvL L'ducational outcomcs). 'I'hc %upport acl8 prcvcnl<itivcly to stop ihcm from undcrachieving, dropping ihrou&yh the net and falling inlo Nl", I,"'I'. Wc havc also continucd to dcvclop workiiig partncrsliips witli parciits, C'crS and oihcr aLJciicics. Adult l)rovision Ovcr ihc yL<ir, WL. traincd 74 adults (31 % rnalc and 690/0 fcmalc) agcd 18+ in T)igital J'cchnology and I S()I. cmbcddcd willi an cmployability progi'<llnmc - parllclp<L iilso bL'nLlilL'cl Irom our onc-lo-onc CcirLirs' <idviLc. 'I'his li,%t is not cxhciu%livc. J'hc m()%l cnLc)Ui-(Ig) ing) dcvcl()pinciit 1% ihat 17 % of ihc parlicipant% liavc ii()w bccn in full cinploymL'nt lor inorL than 3 monlhs and 32 % h<lVL progrLbscd into lurihLr L'duLation. Ilcvicw of delivL'ry 'I'hc Charity opcraics principally from Souih Kilburn, Brcnl. Wc havc in placL' a system of rcgular scif-asscssmcnt, covcring revicws of pcrformancc in tcaching: managcmcnt, rcsourccs, achicvcincnl, rclcntion and proLirc.s.sion. 'I'his 15 suI)porlLd by <in cLfieclivc systL'm oI"rccord-kccping, IccdbdLk and cvaluations, which Iccd into our ]nUal conlinuous improvcmcnt action plan. Support WL would also likc lo tliank all thc organi.salions and individuals who havc given invaluablc supporl lo Lhc Global Slcills Ccnti-c during this linancial ycar. iii pai'ticulai.: r,dwai'd I l<wvisI, John I,yon's Charily, Awards for All, l.ondon Community I,'oundalion, South Kilburn .1 rusl, OK Club, CJranvillc Communily Kitchcn, I3rciit Ilubs, CVS 13rcnl and Brcni Job Ccntrc l)lus (DWP). Wc look forward to continuing and nurturing tliosc importanl working relalionships. 'I'he Charily has also bcnc'fitcd from voluntccrs and staff iii-kind contributions towards project delivciy. 'I'his sldfl- cind voluiitcL'r donatcd iimL (Irc valucd monclarily al over £17,500, and wc would likc lo thaiik thL'iii lor thcir invaluablL supporl ovL'r ihc pas( ycar. Page 2
Global Skills Ccntre Company Limited by GuaranteL' Annual Ilcport for thc year cndcd 30 April 2024 (continued) Statement of dircctors, rcsponsibilitics Dircclor% arc i'cspoiisiblc for thc pi'cparation of financial statcmcnts for cach financial ycar which gives a true and fair view of Ihc slale of lliL ¢iffdirs ol" thc charity and of ihc rcsuli for thai period. In preparing ihosc financial slatcmcnts, dircLtors arc rcquircd to:_ Select suilablc accounling policics and ihcn apply ihcm consistcnt Makc judgcnicnls and Lslimatcs thill were reason<ible (ind prudL'nl Sialc wlicthLr appliciible acLounting sidiidai'ds have been followed, subject to any material dLparlurc discloscd and L'xplainLd in ihL' accounls, and l)rcparc ihe finanLial SiiltL'ment.g on a going conccrn basi8 unlcss it is inappropriatc to prcsumc ihai ihc chillY will continuc lo opcratc. Dircclor8 arc rcsponsiblL' for kccpiiig proper accounling rccc)rds wliicli disclo8c with rcasonablc accuracy at {Y timL thc financial po8ltion of ihc charity. 'I'hcy arc also rcsponsiblc for .%afeguarding thL' assclb OI" dic charily (uid liLnLL' for lakiiig rca%oiiablc 8lci)s for pi'cvcntion and dclcclioii of fraud and oihlr irrLL?ulariliLs. DirL'L'tor8 'I"hL' dircctors who scrvcd during thc year wcrc Polivios L.'fyhymiou, Jcrcmy 13arkcr and I,'sj ac Willian18-CJormlic, 'I'his rL'port is prcparL'd in accordancc with thc spccial provisions of Part 15 of ihc Comp<inics ALt 2006 rclaling io siniill cumpaiiics. 'I'his rcpori was approvcd by ihc board on 15 Novcmbcr 2024 and signed on it.£ bclialf by .WL'rcmy iiark¢r l)ircctor Page S
C.lobaI Skills Ccntrc Company Limited by Guarantee Independent F.xaminers' Rcport to the Trustecs of Global Skills Centrc for the ycar ended 30 April 2024 I rcpotl on the accouiils of thc coinp<iny for thc year eiidcd 30 April 2024, which arc sct oul on pagcs 4 lo 8. IIL'speetive responsibilitics of Tru8tees and cxaminer 'I'lic -I'rustccs (who arc also tlic dircctors of tlic coinpdliy for thc puiposcs ofcomp(Iiiy law) arc i-csponsiblc for thc prLP(Iralion of ihc accounts. 'fhe "frustccs considcr that ali audit is iiot rcqu ircd lor th is ycar undcr scLtion 43(2) ofihe Cl?aritiLs Acl 1993 (Ihc 1993 Act) Éind thal an accountanls, report is nccdcd. l-laving 8ali8fiLd Inyscl r Lhai ihc Lharily is nol .subjcct lo audil undcr company law and 1.8 cl ig) iblc for indLPLndcnl cxainination, il is my respoiisibility lo: cxaininc ihc accounls undcr scction 43 of ihc 1993 Act- to follow tlic proccdurcs laid down in thL gcnLral Dircctions givcn by ihc Cliarily CoiTtmission undcr scclion 43(7)(b) of ihc 1993 Acl. and lo statc wheihcr pariicular maltLrs havc coiiic lo Iny attcntion. Iliisis of accountants, report My cxaminalion was C¢irried oul iii acLoi'dancc with ihc gcnLf¢il l)ircclions givcn by ihe Chai'ily Coinmission. An cxainination inLILidL's a rcviLw ofihL' accoiinlinL) rL'cords kcpt by thc Lharity and a c()mpai'i.8on o r tlic acLount.s prcsciilcd willi ihosc rcLords. li also includcs considL'rdlion of any unusual ilems or disclosure.8 in thL' uccnunl% and sccking L'xplanalions froin you as .1 ruslcLs conccriiing any sucli matlcrs. 'I"hc proccdurcs undcrt<ikcn do nol providL all thc cvidcncc tlial would bc rcquircd in an audit and consLLIULnily no opinion is gFivcn ils Lo whcther ihc accounts pi'cscnt a "truc aiid fair vicw" and the rcport is limilcd to ihosc matlcrs sct out in thc .stalcincnt bclow. AL'c(iuntAnt8' StatemLint In coiincclion willi my cxamination, no mattLr has comc lo my attcntion: ( l ) which givc% mc rcasonablc cause to bclievc that in any matcrial rcspcct Lhc rcquircmcnls: to kccp accounling rL'cords in accordance wilh section 386 of ihc Companics Act 2006. dnd lo prLparL' accounls wliiLli acLord willi tlic accounling rccords, coiiiply willi Ilic accounliiig requirciiiciils of scctioii 396 of ilic Coimpaiiics Act 2006 <iiid witli ilic mLilii)ds aiid pi-iiiLii)Ics of ihc StdiL'mciil of iiccoinimcndcd Practicc= Accouiiliiig (iiid Ilcportiiig by Lliarilics have iioi bccn Incl. or (2) which, in my opinion, dllcntion should be drawn in order lo cnablc a propcr undcrstanding ofihc accounts to be reachcd. orrfftne n&er .orralcx Associatcs Accounlanls and Indepcndcnt Lxamincrs I l Kimbcrlcy Court Kimbcrley Road London NW6 7SI. 15 Novcmbcr 2024 Page 4
C.lobal Skills Centrc Company Limitcd by Guarantee Statcmcnt of Financial Activitics for the year cndcd 30 April 2024 Unrcstrictcd RcstrActcd I'otal Funds Funds 2024 Notc 2023 Incoming Ilesources rom gcncrating funds ALlivitics for gLncraling lunds Gi"ants and dun<ilions IntLrL'st rL'LLiv(Iblc (3,500) 119,200 19 800 30 24,287 25,087 Total Incoming Ilcsourccs 830 24,287 25,117 115,719 IIL'.sourccs Tr-xpcndcd Cost of &icncrdtiiig lunds Charilablc aclivitics 3,979 69,842 73,821 106,894 'rotal Ilcsourccs Fxpendcd 3,979 69,842 73,821 106,894 Nct Incoming / Outgoing Resources Surplu$ / (l)cficit) (3,149) (45,555) (48,704) 8,825 Total 1¢ unds Ilrought Forward 13,332 39,712 53,044 44,219 I'otal Trunds Carried Tr orward 10,183 (5,843) 4,340 53,044 All transaLtions arc dcrived from continuinL* activities All rccognisLd gains and losscs ai'L includcd in thc Statcment of l-'inancial Activities (SOI,'A). 'I'hc noles on pagL's 6 10 8 form pait ofthcse financial statcmcnls. Page 5
Global Skills Centre Company Ijiniited by GuaranlL'e Balance Sheet 2s XI 30 April 2024 2024 2024 2023 Notcs Fixed assets 'rangiblc assets 152 Current assets Debtors and Prcpayincnts Cash at bank and iii haiid 13 46,939 13 97,387 46,952 97,552 Creditors: atnounls falling due within one year (42,612) (44,508) Nct current asscts I liabilitie5 4,340 53,044 Net assets 4,340 53,044 RcscrvL.8 Funds 4,341) 53,044 In dpproving thcsc financial slatcmciils ils dirc¢tors of the coinpany we hcrcby confirm: (a) Ihat foi. thc ycar statcd abov¢ thc coinpaiiy Wds Clititlcd to thc cxcinplion coiifcrrcd by Scclion 477 ofiiic Coinpaiiies Act 2006 (b) Ihat no noliLC lias bccii dcposilcd al thc rcgistci'ed office of ihc company pursuiint to Scclioii 476 rcqucsliiig) Ihdl an liudil bc coiiductcd for Ihc PL'riod endcd 3 0 April 2024 ¢iiid (c) tl)at wc ackiiowlcdgc our rL'sponsibilitics foi-: ( l ) cnsiiriiig Iliat ilic coinpany kL'cps aLcouiiliiig i-ccords wliicli comply willi Scction 3 86, dnd (2) prci)(iriiig I Inaiicial stalcmciits wliicli gFiVC a truc and fail. vicw of tlic st(ilc of arraii's of tlic coinpaiiy as at thc ciid ol. Ilic I Iiiancial ycar and of ils surplus for thc ycar Ihcii ciidcd in accordancc willi Ihc rcquircinciils or Scclioii 394 dnd 395 and wliicli oihL'I'wisc coinply with tlic provisioiis of tlic Coinpat]ics Act 2006 rclating to financial st(Ilcinciils, so fai. as iipplicablc lo tlic compaiiy. ThL'sc fiiianLiÉil stalcincnts arc preparcd accordance with thc sp¢cial provi%ions of I'art 15 of thc Coinpanics ALL 2006 rcl4lting to small compaiiiL's. 'I'he financial slalciT]cnts were appi-ovcd by Ihe board 011 15 Novcinbcr 2024 and sigii n its bchaif by J()seph JaLobs Secretary .leremy Barke Dircctor
Clobal Skills Cenlrc Company Limited by Guarantee Notes to the Statement of finaneial activities for the year clldcd 30 April 2024 ALcounting policiL's 1.1. Accounting convention 'I'lic fiii(incial %talcincnl8 arc prepared under ihc historical cosl convcnlion. and in accordaiicc witli applicable aLLounling staiidards aiid Ilic %tatcmcnt of IlccommcndLd Accounliiig Pi'aclice 2005 (SORP) acLounling by CharitiC8 Coillini4sion. 'I'lic company has laken advaniagc of the exemption in I-lls I from thc requircment to producc a cash flow stalement as rcquircd by l inancial Reporting Standard No. l on tlic ground that it is a small company. 1.2. Incominki Ilcsourccs InLoming rLtsourcLs rL'prc8cnt iirnounts rcceivable during ihc ycar. Grants and donalions for spccilic puri)o%c.% LWC Ireatcd a% incomc iii thc year iii whicli rceeivcd. Amoun18 received during) the year rL'lating to %pecific pcriod.% arc .sprcad over thc period% io which Ihcy rclaic. 1.3. Outg(iing Resources 'rhesL' are re%oLirccs expcndcd in order to dclivcr scrviccs. 'I'hcy arc includcd in thc Statcmcnt of I, iiiaiicial Aclivitics (SOI.'A) on accruals b(isis, inclusivc of dny VA'I. paÉd. VA'I. caiinot bc rccovL'rcd. I,.xpenditurc is cliargLd io aLlivitiL's on a diicct ÉilloLalioii aiid / or suilablc apportionmciil l)a8i8, in a mcinnLr consisicnlly applicd. 1.4, Dund Accounting Ilc.%trictcd aiid unrcslriclcd lund% <irL' sL'paralcly discloscd, scl oul in ihL' SC)I.'A. 'I'hc dillcrcni funds held dL'lined as lollows: Ilcslriclcd lunds arL subjLLI t(} the bPLLilic pu0.e% lor which ihL' lund% wcrL rai%Ld' ljnrcstriclcd funds arL' availablL' to spLnd ai ihc di%crclion of thc 'l'ruslLcs in rurihcr(InLe ul IhL Lhiiritablc objcctives OF ihc charity. 'I'axation As a rcgislcrcd charity, thc con]pany is polenlially cxcmpi from income and corporation t<allOn in rcspcct of incomc and capital gaiiis rcccivcd wiiliin thc catcgorics covcl.cd by S505 oftlic 'l"axL'% Acl 1988 or ,S256 ofihc 'l'axatioii ol" Ch{geabIL (iains Acl 1992 lo ihc cxtcnt ihat such incomc or gain% arc applicd to cxclusivcly chai'itablc purposcs. Liability of ML'mbL'rs 'I'he liabilily ol" mcmbcrs is limited by guarantec not cxcccding £1 cach. Cyoing Conccrn "I'hc aLcounls arc prcpared on a 'going conccrn, basis. 'I"he 'l"ruslces slill considcr thal 'going conLcrn' is ihc corrcct basis lo prcparc thc accounls on thc grounds ihat they havc concludcd an alicrnalivc funding ariangemcnt and thal grant funds will, in thcir vicw, bc sourced io carry out thc ncw aclivilics. 'I'he 'l"rustccs will not undcrtakc commilmcnls unlil new funding has bcen secured. Page 7
Global Skills Centre Company Limited by Guarantee Notcs to the .Statcmcnt of financial activities for the year cuded 30 April 2024 Ineoming Regourccs Unrestricted Ilcstrictcd Fund Funds 2024 Total 2023 Grant Intcrcst IILccivablc Operating Income 800 30 24,287 25,087 30 119,200 19 (3,500) 830 24,287 25,117 115,719 Rcsources Tr:xpendcd Unrcstrictcd IlcstriL'tcd 'unds 14.unds 2024 'I'otal 2023 'I'otal Ch¢wilablc aclivilics 3,979 69,842 73,821 106,893 3,979 69,842 73,821 106,893 Tangible fixed assets Officc Lquipmenl Total Cost Al l Mdy 2023 Add ilioiis 1,9(10 1,900 AI 30 Api'il 2024 1,900 1,900 Depreciation Ai i May 2023 Chai'gc for ilic ycar AI 30 April 2024 1,747 153 1,747 153 1,900 1,900 Net book values AI 30 Api'il 2024 Net buok values At 30 Api-il 2023 153 153 Pagye 8
Global Skills Centre Company Limited by Cyuarantcc Notes to the Statemcnt of financial activities for the ycar cndcd 30 April 2024 Current Assets: Debtors and Prcpaymcnts 2024 2023 l)cbtors diid prcpaymcnts 13 13 13 4,607 CrL'dit()r.8: amuunls falling due wilhin ono year 2024 2023 Accruals &nd dclcrrcd iiiLuinc 42,612 44,509 42,612 Page 9