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2023-03-31-accounts

Enhancing Qualification and Social Development (EQSD) Annual Report – Period 2022-2023

Overview

The charity continues to promote social inclusion to receive information, advice and support in areas of employment, education, training and other social factors across Leicester City. Delivery relies on voluntary contributions that help support individuals in need at mutually agreed venues. The Charity is very grateful for the volunteer input.

Objectives and activities

The EQSD Charity exists to enhance qualifications, employability, education and social development by providing opportunities, skill-building programmes and community outreach initiatives. Some types of activities undertaken are provided below.

Public Benefit, Achievements and Performance

Service engagement has been achieved through a volunteer core and will continue at this level for the foreseeable future until we gain project funding for our activities. Over the period, self and recommended was the main reason for referrals. Referred users reported increased concern over income and living costs. Our observations suggested more people were expected to be pushed to fill employment gaps to encourage a way out of i.e., particularly hardship situations caused through e.g., low education, job, skills/stability, illness, disability and strong willingness to get in to work.

We supported beneficiaries over the period in the following ways:

We will continue to pursue funding to fulfil charity objects and provide our services to support beneficiaries who require our personalised style of services. We continue to provide services at mutually agreed places.

Financial Statement – Income and Expenditure for Period 01.04.22 – 31.03.2023

The EQSD Charity did not spend any funds over the period. The EQSD Charity strives to seek funding to commence project delivery as we have insufficient funds to carry out any sustainable project activity outside of volunteering because of the on costs e.g., accommodation, pay, insurance, utility, administration among other things. Basically, any savings at the Bank act as reserves aforementioned as well as help to mitigate any unforeseen financial risks. EQSD recognises that there is strong competition making access to funding more competitive. Income and expenditure for period is set out below:

period is set out below:
Income: £/P
Opening Balance 4344.00
Bank Interest 6.05
Total for Year 4350.05
Expenditure
Bank Charges 72
Total Balance CFWD as at Bank 31.03.2023 4278.05
Rashpal Singh
Chair
OCTOBER 2023