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2022-03-31-accounts

Charity Registration Number 1170068 (England and Wales)

AUTORAISE

Annual Report and Accounts

For The Year Ended

31 March 2022

AUTORAISE

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page
Charity reference and administrative details 1
2
3
6
Statement of Financial Activites (incorporating the income and expenditure
account)
7
Balance Sheet 8
Notes to the accounts 9

AUTORAISE

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

Senior Management Team
Chairman David Sargeant
Vice Chairman Steve Thompson
Treasurer Marc Holding
Trustee Board
Chair David Sargeant
Trustees Marc Holding
Michael Golding
Steve Thompson
Guy Williams
Christopher Weeks
Dean Lander
Charity Registration Number 1170068
Principal address Autoraise
Gillibrands Road
Skelmersdale
Lancashire
WN8 9TA
Independent examiner N Mason FCA, DChA
MHA Moore and Smalley
Richard House
9 Winckley Square
Preston
PR1 3HP

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AUTORAISE

FOR THE YEAR ENDED 31 MARCH 2022

On behalf of the AutoRaise board of trustees, I am pleased to submit the annual report and the examined financial statements for the 12 month period ending 31st March 2022.

The financial year has been one in which businesses and charities across the UK have adjusted to the post-Covid trading environment. This has been particularly challenging in the charity sector, as economic circumstances have led individuals and organisations to look at reducing their expenditure and cutting costs.

The charity recognised this risk and made the strategic decision to focus on post Covid planning and restructuring, with a view to ensuring that the progress and momentum made by the charity previously, could be carried on going forward.

It has been very gratifying to see that the support the charity has enjoyed from its industry partners has not diminished, despite the challenging nature of the economy, and donations to the charity have remained strong. This is a very pleasing recognition of the importance of apprenticeships in the automotive repair industry in ensuring that we have a skilled and engaged pipeline of talent for the future.

The charity remains committed to being a driving force in the industry to promote recognition of the importance of apprenticeships and supporting what is a notable segment of British industry in accessing, training and supporting apprentices through positive engagement with all stakeholders in the automotive repair industry.

31/01/2023 Approved by the Chairman and signed on behalf of the Board on ....................................

..........................

David Sargeant Chairman

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AUTORAISE

FOR THE YEAR ENDED 31 MARCH 2022

The trustees have pleasure in presenting their report together with the accounts for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (effective October 2019) in preparing the annual report and financial statements of the charity. AutoRaise is a Charitable Incorporated Organisation, registered on 7 November 2016, governed by its Constitution of Charitable Organisation.

Purpose

and helping to relieve unemployment, by such means as the trustees consider to be appropriate including, but not limited to, promoting and providing apprenticeship schemes in the automotive repair industry and providing employment advice, and liaising with, employers to encourage an increase in the number of apprenticeship schemes and places available to young people in the United Kingdom.

In essence, the mission of the Charity is to help ensure that there is a sustainable pipeline of talent for the long term security of the automotive repair industry.

Appointment of Trustees

The trustees as listed on page 1 served during the year.

When selecting new appointments for the role of charity trustee, the charity must assess and ensure that the individuals involved have the skills, knowledge and experience needed for the effective administration of the CIO.

Public Benefit

to Public Benefit guidance by the Charity Commission. All Trustees contribute their time voluntarily and have received no benefits from the Charity.

Charitable Activity

The charitable activities of the Charity in the year were split between the following for key areas of activity:

The primary activity and goal of the Charity is to support employers automotive repair businesses in addressing their own skills shortages and mitigate the risks of this to their companies. The industry has an aging technical workforce, nationally, and the importance and demand for ensuring that there are avenues for younger people to join the industry has become business critical for many employers.

Working closely with all Autoraise Affiliated Repairers, the Charity helps identify suitable candidates and supports in assessing and preparing them for employment in the industry as an apprentice.

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AUTORAISE REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The automotive repair sector remains relatively large and also largely unknown to the public. Pre-Covid, the sector had a market value in excess of £4.8bn and traded from over 3,000 locations across the UK. While the sector has faced many challenges; from Brexit and the impact on trading from Coronavirus restrictions, it remains one that provides a valuable service in which there are a growing number of career opportunities.

The key role of the charity is to showcase and promote these career opportunities, which have become increasingly viable with very competitive levels of remuneration. This is achieved by engaging with schools, colleges and other organisations, and supporting repairers in promoting themselves as employers of choice.

The charity also works to support employers in securing and maintaining strong and beneficial business relationships with training providers that have the relevant and necessary knowledge and facilities to deliver the best possible training requirements. Many of these training providers are also able to support on engaging and recruiting the right candidates.

In addition to supporting employers, the charity proactively engages with industry stakeholders across the supply chain. Primarily this involves highlighting the importance of ensuring that there is a sustainable and skilled workforce to repair vehicles and the vital role of apprenticeships in this. This includes working with relevant UK Government organisations and training resources to ensure that there are appropriate and professional training standards in the industry.

Fundraising and Marketing

While the Charity has maintained strong levels of support from Affiliated Repairers and Industry Partners, certain fundraising has been curtailed while a degree of restructuring and consolidation takes place. Marketing campaigns via

on apprenticeships and their importance for the industry.

Financial Performance

146,561 with a surplus of £96,086 for the period.

The Charity befitted through a year of consolidation through strong support from industry partners, despite an economic environment that has seen many businesses reduce their charitable commitments. This has allowed the charity to build a strong financial position from which

Reserves Policy

The charity currently holds a high level of reserves that would cover an extended period if necessary in the event of the funding environment changing dramatically. Free reserves as at 31 March 2022 were £168,294.

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AUTORAISE REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Going Concern

Despite a very challenging couple of years the Charity has successfully retained consistent income streams and experienced no ma maintained a positive and engaged position with industry stakeholders and provided solid levels of support in this critical area.

With the Charity having come out of the Covid and post-Covid period in a strong position, the trustees have a reasonable expectation that the Charity will continue to maintain the necessary resources to ensure the continuance of its operations for the foreseeable future.

Future Plans

With the consolidation of operations that has taken place, and renewed pressure on businesses to meet staffing demands in an environment that has seen the workforce diminish due to Brexit, Covid and more long term issues, the critical role of organisations such as Autoraise is very apparent.

on apprenticeships and looking at new ways of engaging with industry partners; repairers, training providers, colleges, insurance companies and suppliers of products and services throughout the supply chain.

ers and Industry Partners. In a challenging environment it has been gratifying to receive this support and this gives the trustees every confidence that apprenticeships in the industry will only go from strength to strength.

Th behalf by:

31/01/2023

Marc Holding Trustee

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AUTORAISE INDEPENDENT

FOR THE YEAR ENDED 31 MARCH 2022

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2022 set out on pages 7 to 17.

Responsibilities and basis of report

the Act and in

carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the

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.

Nicola Mason FCA, DChA Independent Examiner MHA Moore and Smalley Chartered Accountants Preston

31/01/2023

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AUTORAISE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Income from:
Donations
Other trading activities
2
Other income
3
Total Income
Expenditure on:
Raising funds
4
Charitable activities
5
Other Costs
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total Funds Brought Forward
Total Funds Carried Forward
15		 Unrestricted
funds
2021
£
21,592
124,969
-
146,561
2,574
42,508
5,393
50,475
96,086
-
96,086
72,991
169,077		 Unrestricted
funds
2021
£
33,685
123,000
10,290
166,975
5,418
100,046
5,610
111,074
55,901
-
55,901
17,090
72,991

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. There were no restricted funds held during the current or prior period.

All of the above amounts relate to continuing activities..

The notes on pages 9 to 17 form part of these financial statements.

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AUTORAISE

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2022

Note
Fixed Assets
Tangible assets
11
Current Assets
Debtors
12
Cash at bank
Creditors:
Amounts falling due within one year
13
Net current assets
Net Assets
Funds
Restricted income funds
Unrestricted income funds
15
Total Funds		 2022
£
£
783
166,373
188,276
354,649
(186,355)
168,294
169,077
-
169,077
169,077		 2021
£
£
636
81,579
97,701
179,280
(106,925)
72,355
72,991
-
72,991
72,991
354,649
(186,355)		 179,280
(106,925)

31/01/2023 The financial statements were approved by the Trustees and authorised for issue on on behalf of the Board by:

igned

Marc Holding Trustee

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

AutoRaise is a charity registered in England and Wales. The principal office is situated at Gillibrands Road, Skelmersdale, Lancashire. WN8 9TA.

Accounting convention

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The accounts are prepared in sterling which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The Trustees have considered the working capital of the charity and, at the time of approving the financial statements, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Fund accounting

Unrestricted funds are 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.

Restricted funds are funds, which are used in accordance with specific restrictions imposed by donors. There were no restricted funds held during the period.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Specifically for grant income, where receipt of a grant is conditional on performance of a specific project, income is accounted for once the Charity earns the right to consideration by its performance. Where no conditions are applied to incoming grants, income is accounted for on receipt.

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting Policies (continued)

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Charitable activities includes all costs relating to activities where the primary aim is part of the objects of the Charity, along with an apportionment of support costs. Governance costs consist of the costs incurred in the management of the Charity and the costs of meeting its external reporting requirements.

Support costs consist of administration expenses incurred in the day to day management of the Charity, together with the cost of premises used for such activities. These costs are allocated across the categories of charitable expenditure, governance costs and costs of generating funds. Support costs are allocated on a labour basis, using the proportion of staff time allocated to certain activities, on the basis that this forms the fairest method of allocation of such costs.

Tangible Fixed Assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT Equipment 33% Straight Line

Debtors

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

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

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. The charity has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting Policies (continued)

Critical accounting estimates and judgements

In the application of the Charity's accounting policies, the trustees' are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key assumptions, judgements and estimates

nificant judgements (apart from those involving estimates)

made in the process of applying the above accounting policies.

There have been no key assumptions concerning future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2 Incoming Resources from Other Trading Activities

Partner Income
Affiliated Repairer Income		 2022
Unrestricted
£
105,299
19,670
124,969		 2021
Unrestricted
£
104,883
18,117
123,000

3 Other income

CJRS income 2022
Unrestricted
£
-
-		 2021
Unrestricted
£
10,290
10,290

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Expenditure on Raising Funds

Staff costs
Motor expenses
Travel
General expenses
Event costs
Office expenses		 2022
Unrestricted
£
1,841
70
53
28
323
259
2,574		 2021
Unrestricted
£
4,168
418
2
145
-
685
5,418

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

5 Expenditure on Charitable Activities

Marketing
Staff costs
Motor expenses
Travel
Consultancy services
General expenses
Office expenses
ior year
Marketing
Staff costs
Motor expenses
Travel
Consultancy services
General expenses
Office expenses		 Engaging
repairers
Raising public
awareness
Working with
training
providers
Developing
training
Total 2022
£
£
£
£
£
104
104
104
104
416
11,048
9,206
7,365
7,365
34,984
426
355
284
284
1,349
325
271
217
217
1,030
360
360
2,160
717
3,597
25
25
25
25
100
258
258
258
258
1,032
12,546
10,579
10,413
8,970
42,508
Engaging
repairers
Raising public
awareness
Working with
training
providers
Developing
training
Total 2021
£
£
£
£
£
1,053
1,052
1,052
1,052
4,209
25,011
20,842
16,674
16,674
79,201
2,507
2,089
1,671
1,671
7,938
14
12
9
9
44
535
535
3,210
1,070
5,350
143
143
143
143
572
683
683
683
683
2,732
29,946
25,356
23,442
21,302
100,046

Prior year

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

6 Other Costs

Governance costs
Subscriptions
Bank charges and interest
General expenses
Insurance
Depreciation
7
Governance costs
Statutory accounts and Independent examination fee
8
Net income for the year
Net income stated after charging:
Independent examiners remuneration:
-
Depreciation of tangible fixed assets
-
Independent examination fee		 2022
£
1,500
2,121
90
21
1,126
535
5,393
2022
£
1,500
1,500
2022
£
535
1,500
2,035		 2021
£
1,575
1,786
58
139
1,549
503
5,610
2021
£
1,575
1,575
2021
£
503
1,575
2,078

7 Governance costs

8 Net income for the year

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

9 Staff Costs and Emoluments

Wages and salaries
Social security costs		 2022
£
33,245
3,580
36,825		 2021
£
75,354
8,015
83,369

The average number of employees for the year was 1 (2021: 1).

No employees were paid in excess of £60,000.

10 Trustees' Remuneration and Expenses

The key management personnel of the Charity comprises the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the Charity including National Insurance and Pension Contributions were £18,047 (2021: £83,669). No remuneration was paid or payable for the period, directly or indirectly, out of the funds of the Charity, to any Trustee or to any persons known to be connected with any of them, in their capacity as Trustee.

Trustees have received no expenses in the period except for reimbursed charity expenditure.

11 Tangible Fixed Assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation and impairment
At 1 April 2021
Depreciation charged in the year
Disposals
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 IT Equipment
£
1,508
682
-
2,190
872
535
-
1,407
783
636

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AUTORAISE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Debtors: Amounts falling due within one year

Trade debtors
Prepayments and accrued income
13 Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
Other creditors
Other taxation and social security		 2022
£
117,600
48,773
166,373
2022
£
25,308
139,820
1,421
19,806
186,355		 2021
£
79,200
2,379
81,579
2021
£
3,352
78,820
-
24,753
106,925

13 Creditors: Amounts falling due within one year

14 Restricted Income Funds

No restricted income was received during the current or previous period and no restricted funds were held at the year end.

15 Movement in funds

15 Movement in funds
Unrestricted Funds
Unrestricted Funds		 Balance at 1
April 2021
Incoming
resources
Outgoing
resources
Balance at 31
March 2022
£
£
£
£
72,991
146,561
50,475
169,077
72,991
146,561
50,475
169,077
Balance at 1
April 2020
Incoming
resources
Outgoing
resources
Balance at 31
March 2021
£
£
£
£
17,090
166,975
111,074
72,991
17,090
166,975
111,074
72,991

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AUTORAISE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

16 Analysis of net assets between funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2021|2021|2021| |Unrestricted|Total Funds|Unrestricted|Total| |Funds|Funds|Funds| |£|£|£|£| |Fund balances at 31 March are represented by:| |Fixed assets|783|783|636|636| |Current assets|354,649|354,649|179,280|179,280| |Creditors: amounts falling due within one|(186,355)|(186,355)|(106,925)|(106,925)| |year| |169,077|169,077|72,991|72,991|

----- End of picture text -----

17 Related Party Transactions

D Sargeant, Chairman and trustee of the charity, is a director and shareholder of Gemini Accident Repair Centres Limited. During the year donations of £nil (2021 £1,800) were received from Gemini Accident Repair Centres Limited. The company was also invoiced by the charity for membership of £21,000 and rally entries of £17,500. These charges were on an arms length basis and the same as for other companies.

M Holding, Treasurer and trustee of the charity, is a director of Karl Vella Group Ltd. During the year the company was invoiced by the charity for membership of £6,600 and rally entries of £5,500. The company provides accounts and governance services to the charity and charges £300 a month. All charges were on an arms length basis and the same as for other companies.

18 Control

There was no ultimate controlling party during the current or prior period.

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