Charity wtstral•on nuM￿r 1176547 {Englond ond Wal•sl
Company wlstration number 11115960
SMART WORKS NEWCASTLE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
•AEH4EldEA•
10JIW2025
COMPANIES HIJJSE
A13
#141

SMART WORKS NEWCASTLE
CONTENTS
Pao•
Trustees. res*Jt
Independent ex8rThnerfs reFQrt
Slalement of finan(aal ac*wt*s
Bajance sheei
10
Note5 to the ffinancaal statem￿ts
11-20

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also the diredors of Ihe d￿rity for the purrKJses ol the Compan￿$ Act. wesent Iheir annual
report together the a¢ccwJnts of Smart W¢yks Newcasue in year ended 31 2025.
The accounls have been prepared in acctyd8nce *rylh a(xxwntiwwJ kM)liiaes set out on pages 12 to 13 and comply
ith the charilvs govemir¥J iJctumen( applicable laws and lh8 requirernenls of Slatement of Recommended
Practs'ce 'ACco￿)￿n9 and Rewrbng by Charities. issued ￿ 2019.
Obj•cti¥es and actlvltles
Smart Work5 NeWcaS￿e p¥owdes t*)Ih career coaching and intemew eo*hirvJ, as well as high quality inierview
dothes and styliThJ advtce to unempbyed *￿rnen. We give WOM￿ the confi¢Jence. seffknli?f and prad1￿1 logls
they require to succeed ai H)terwiew and start a new chapter of th￿"¥ l¢le.
The tharitys objectives are the rdiei of finanaal hardship and the relief of urempbyment for the Wb1￿ benefit
through the promotion of economic independence arnong vrt>rnen in the North East. To deliver this. Smart wo￿$
NeWCaS￿e vrds incorporated on 18 D￿rnber 2017 and Wiste￿ as a charty on 5 January 2018 wth a clear
mission and vision to hdp Irrf)￿ ￿fflen back irto Ihe m)rk￿a￿ by giving them the doth¢s and the confidence thèy
need to succeed al job intemew. Smart Works Newcaslle is ol a netth of regional centres Ihat deliver the
Smart Works Charity service in their area.
At Ihe c￿e of otjr service is a Interview Dre55ing and Preparalion 8p￿in1[￿ent. (kjring which èach woman
receives a complete ouffit of high-quality dothing aThJ accessories Itheits to keep) and tailored one-to-one inteNew
o)aching. This deceplivety simple. sh¢yl inteThenlion has a significant impact as our clenls 51art beheving in Ihw'r
tr•m ability to S[￿Ceed. Once they get the job, ￿ offer client5 3 Second or955w￿ for more dothing, to wowde a
worknng wardrcbe to see them thrwgh to th&rfirst pay thque.
In addib.on to Ihe core SeTh￿e. unemF4oyed w￿men have not yet seCU￿d a job inlerview. we deliver career
cx)aching sessions to offer 5UPPNt and skills lo gain inteTriews. This rnay be arrym¢J CV preparation, job applicatic
dlor sectorlroles Ihat match their 5ki11s. Thi5 aSF*Ct of our service h35 seen high growlh in recent years as the job
market has become more difficutt.
As part of Ihe Smart Wryks Group. wr slrategr lo¢xJs B to ddiver wr CO￿ dfessing and inlerview coaching service
to the best possible standard armss Ihe UK and to take Il to MC￿￿ k)cation5 $0 that any woman vthts nee¢Js
support can access Smart Wcrts. In the lace of the cost-of-living ui&s. the value of secunng a job has never been
syealer. Our support is needed than ever. This year CoM￿eted ovr three-yew plan, which set a target
of reachiThJ 10.OCqJ women per year eokcbvety across all centres. as a5 enhanciThJ other aspeets ol tyjr sawiee
elivery. Key impact data for Ihe group is as follows..
10.600 women suppjrted in 2024125 ak>ne
12 eAntr¢s ddivering 5eNces across the UK
67% of dients secLKe a job within one [l￿th oftheir app(Mntrnenl
. 94% repcfft increased ￿nfider￿e after engaging *ith Smart wo￿$
. 57% of ￿r C￿En1$ artr fr(xn an b*gYourKI
16% of wr clients hove 8 disatilty
. 49% of our chents are pwerts
59% of cwjr ¢lienls a￿ age 2&29
Our key performance irKlieator5 8re Ihe Fwmtrer of women that aThJ the proporbon Of thosè women who
secwe emFAoyment aller theirvisit to a Smart W(xks ¢¢rth.

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevements and perf￿￿¢•
Highllghts
Smart Works Newcastle is inuedit4y woud ol what has been ach*¥ed in its sevenih ytar. ove￿1, this year, Smart
Work5 Newrasue has:
. Hel￿ 734 unique b￿r￿1.8[1eS cm theirioumey to empknwL delNwed 953 lotal appryntments.
Delivered 507 Interview Dr￿ing & Preparalion appOintm￿ts lo unempwl women ￿ secured job
inieMew&.
Delwered 263 Ca￿eT coathing apw>wthen15 to Ur￿MPkIYed lo help thtrm make tangible st8P5
iowards securing an inteNew.
Been graielul lor Ihe supwjrt of 42 vtslunt¢eFs n d•ltvering the seThtt. $uFyyting across dothing,
coaching. and outreach.
. Continued to see suc￿. 68% of Ihe V•rynen we before a lob tniwview 5ecumg employwt
vthhin a monlh of their vigt
conb.nued to reach women vtho lace 5ignfficant barriers to Securing 8mpknyment. Smart Works New¢8slle
clients are mosyy ILYo-tenn unemrAoyed and have expenenced repeated ￿le¢bOn5 from Mult￿le10bs.'
46% have been ￿JeCted from over 20
24% have been rejected from over 50 pbs
42% have been unempkjyed for over a year
. 25% have been unemployed fc* ¢)ver 5 yews
The Mal￿tY a￿ from communities faang rThjIb"p￿ barws lo gaining emptynent..
25% are k)ne parents
19% hawe a disability
40% are from an ethn￿ fflinority
. WLYked vlith 93 unique referral w¢ie5 lo fflaintsin the bwdlh of coveTrJe acxoss the Noth East,
clienls from 8erwck lo mKldles￿)r0U9h.
. Hosted several successful events. irKbJirwJ rwr amual ev¢nt ¢¢bebraimg Internal￿1 Women's Day.
focusing ￿ a ￿ffle dose lo our purpose- Smart Confidence.
Recrurted a Trustee. wilh a I￿uS on younger dwts aged 16-25 in the conbnved drNe to broaden and
deepen the skills and experience cl the Board. We also recrurted Shadow Trustees, t￿th under 25 to
enhance Ihis ot4'ective.
Successlully delivered wtreath aclMD"es' induding hostiThJ and paruopatitwJ in jobs fails, increased the
engagernenl with ¥eferral partner5. hosled vdunleenng and th experi￿￿ activitse5.
Grew our collabor8trve partrw5hips ccwporate partner5. retsi￿r$ and clher u9anis8tkin$ io diive
fundraising, dient ￿erraIs. and raise the ￿￿file of Smart WLYks Newcastbe.
. Continue lo be proud and weciate the ttffltinued our Ambass*lNs inthding Sara Davies
MBE and Becky Lang*y.
Moved into a new pr¢)perty in May 2024. and while we wll need to move again in 2025, this has allowed u5
the opportunity to ir￿reaSe Ihe ￿par* and slandard ol propprty to accomrnodale anbcipated fvture grov+th
4thile maintainin9 hi9h quality $ern￿.
Smart Works N￿¢a5ye is incredibty proud of the performance in the year. wlh con5i5tenty positive feedback
ceiwed to remind us ol our impact Our final year of the Three-year Aan Saw steady and successful service
d81ivery. rèiaining a strorrfj Posrfion lo ￿ndUde yew lh￿ of ourThree-Yew Plan.

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Fln•elal f•vlew
Results for the y¢ar
Total income for the Pen￿ was £298,88812024.' £205.8891, rnade up g￿$tan￿"allY grants awarded. corporale
donaticns. and funéraising 8ctyvlt￿. Total expenditure ￿0$ £263.226 12024.. £188.4771 resulting in net income of
£35,66212024". £17,412).
To support Ihe delivery of the Three-year Plan. in 2023 the Board aFvoved to desKJnate £68.2k from unresfricted
lunds, of which the final balance of £23.2k wa5 alktsted to th¢ year endirvJ 31 March 2025. In 2025, the Board
approved to de￿gnate an additi￿1 £55k to support an￿"Cipa￿d futu￿ costs associated wilh the necessary
rakjcation of yemises. As a r8suK ol Ihis, wè ènd the ffinan(#al year with the de￿9ndled reserves of £55k and freè
reserves of £122.6k. This is wthin reserve polcy SiWL¥b"r#J 6 months of expeThJiture.
There 1$ 8 4S% Incre￿ in Mrall inctyn& th"¢h i￿￿1¢$ unre51ricted in¢xMTE of £213k and wtn"ct¢d In¢omè ol
£85.8k.
Granls and donab'ons Pfowde 60%12024.. 54%) of tyjr tolal income and fundraising events and fashion sales raised
31% 12024.. 36°￿) of our income. We hu9ety appwiale the supp)rt of many indivtduals. companie5. and grant
ovhlèrs ihrouyhoul ye#r.
Income also ineludes donated dres*ng stock of £26.7k 12024.. £19.2kl %thich help5 conts.nue to support the high-
qualily ch)thing wr service. Amongst a backdrop of Ihe rising popularity ol second-hand marketplaces. we have
increased to 20 donalion sta￿.￿5 IhroLyhr*A Ihe regi￿ h))k fryward to ccffitinuing to develop retail
partnerships.
INCOME ANALYSIS
•2Q25 ll 2DZ4
GRANTS • OONATIONS
FUNVRA15111G EVEWT5
CIOTHIIIG DofiATIONS
Totsi exFendiiure for Ihe period was £263.22612024". t188.4771 which 15 a 40% intxease from last yeaf. Our costs
a￿ mainly for staff. premises and direct dient seTh￿e costs togeth￿ make up 77% of our overall costs. The
increase in costs was expected and relaled mainly to costs assooaled wlh a thange in premises. Expenditure
costs related to premises is expected to increase again in Ihe next year due lo wr upcornjng confimieé relocats"on.
as wr curyenl premises is being demolithd. We also expect an itrease in expenditure assooated with slaff and
related costs. to sUSt￿n w delivery.

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
EXPENDITURE ANALYSIS
2025 •X174
STAFF
5UPPO8T
PIEMISES
FiIIIOf¢AISING
OTHER DIRECT COSTS
Investrn¢nt Pollcy
The Tru51e95. having regard to the liquirfity requirements d yrating the Charity and to the reserves wlicy. have
operated a policy keepng available funds in intèrest-bearing deF¥JSit acc4)unts.
Re￿1¥•$ Pollcy
The Trustees have (x)nsidered Ihe requ1￿ment for free reserves, i.e. those ￿￿￿tricted funds not desMJTrateLI for
specific purpose or othemise comrrotted. It has been determined thai, given the natu￿ of Ihe thanty's woth, ihè
level of free reserves should b? equivalent kn 3 to 6 months ol annual expenditure. Th6 provides sufficient flexibility
to cover any lernporary shortlall in InCc￿e and will allow Ihe charty lo cope and ￿Spond irnmediately to a
reasonable range of unforeseen adverse CIr￿MStanCeS rrrior to spei* ￿MedIa1 plans being implemented. The
free reserves of £122,617 meets Ihis requirement.
Struclvre, 90￿ManCe and manigen*nt
Govemanee
Smart Works Newcasue and its Trustees are bo￿ld by the MemorandLwn and Arb"des of Association. The names of
the Twsiees who sefftd during the peritsj are set in Legal Admini51rative 1nfmb.on wtK)n.
Smart Work5 Charity is the se4e memter of Smart wo￿$ Newcastle. Smart Works Newcaslle has been granied a
li￿nSe to operate by Smart wo￿$ Charty. and rt has the same objeth.ves aThJ *milar actswI￿$ as the parent
company.
Recrultment and Appointm•nt of new Trustees
Regular reviews are undertaken to assess the skills of the ￿rrent Twslees and idenirfy any areas for strengihenin9.
New Twste¢s ar¢ aFpointed by Ihe exBting Srnart Works N*￿astIe Board and thwr appointment is aprrfoved by
the Smart wo￿$ Charity 80¥d.
Inductlon and Training of new Tmst•es
New Trustees are provided wth an 1nducb'￿ lo lamilwse themsefves %%ith the charity and the not-for profil sector.
They are briefed on thew responsibilibes by Iht existiThJ Trustees. New Trustees we also ￿er￿d to the Charity
CoMmissK￿,5 guide The Essential Trustee.. Smart Works Chanty shares a Trustee Welcorne PaGk with all Smart
Works Trustees when they join the charty, setting wt rdes. reSP￿s1￿.￿be5 and Ihe structure of Smart Works both
loc*ly and nalkinally. T￿se re5fAJrr£s a￿ avaiLthk w)der Ihe dedicated Trustee section of our internal portsl for
tools and resources along wth other useful guKles and v*Jeos. Tlustees afso undertake Iraining as part of their rde.
includlng on Equity Diversty and Indusi(M).

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Oryanfjgational Slruclwe and t)e¢ision4•king
The Trustees revEw and approve *1 pol￿1¢￿. and lollryw a straiegy set in the t)ugness pkqn. in Irne %%ith the wthr
Strategy set by Smart Works Chanty. The Twstees meet at least quarterly through(¥Jt Ihe year and wll have an
annual session to update and revise Ihe strategy.
Managemeht
The day-to4ay management of Smart W(xks Newcasle is undertaken by the Hea(1 of Centre and overseen by the
Chair and Board of Twstees. Re50urce5. inlra5twcture and supp(xt ar¢ wovided by Smart W0￿S Charity on
finance. pe¢)ple. paitrerthps, OF*rnts"ons and coftrnnication5.
Pay Policy low Key Managernent Per%>nn*l
l Trustees give their time fredy and no Trustee received remuneratr.(￿ in the y.
The pay of staff is revivwed annually. The TrusteÈs benchrnark pay against pay leveLs in other ￿rnI1arty szed
charits.es and other Smart WL¥ks centres.
Rlsk Management
The Trus¢ees regularfy review the majry risks to whth the charity is exposed, in particular t￿e retating to
governance. operations. ffinance, HR. ccmpliance and extemal I￿t￿5. The centre mamitairts a risk register thot
reviewe¢J by the 8oard of Trustees bags.
Relatlonships wlth Rel•ted Parlies
Smart Works Charity is the sole rnember of Smart Works Ne*casUe
Policies
Policies for all relevant areas are maintained by Smart Wc*ks Charity. incklding SafegU8rdirvJ vul￿Tab￿ Adults.
Safeg¢Jaiding Chilijien. Anti4ribery and Fraud. Anti-Hards5rnent & Bu1￿"￿9, Compassionate Leave, Complaints,
Confflict cl Interesl, Data PTOtecbon, OiwrAinary. Environmentsl. Equality, FleXi￿e Wcrting. Grpvance, Health &
Safety. Lone Working, hAatemty. Pattsmrty. Parental Leavè, Pn"vaty. R￿jundanCY, Risk Management. Shared
Parental Leave. Sickness Abser&ce & Capats'hty. Travd & Expenses an(1 WlhL￿ebk1￿lng. A Staff Handbook is made
available"tO staff and indudes a summary ofzll these Fdic￿.
Volunteers
The Tnjstees are graleful for Ihe in¥aluatAe contntsjlion of Ihose vtho give their time volLtntarily to deliver across
roles in dr¢s5ing. coathing, wardrobe managernent and adrninisfrati￿. We have ¢)ver 40 active vol¢Jnte¢rs wilh a
very high retention rate and an ongfAng recrurtment process to boLster numbers as we conb'nue to grow. <￿T
voILsnteers a￿ one of our greatest assets". they are totally dedicated and K4ay an enormous rde in delivering our
dressing and coaching servic￿.
Public 8enefft
The Twstees have read and corn ￿led vAth the guidance umtained in the Charity Ccffimi55ion's general guidance
on public benefits w￿n ￿￿le￿n9 ojr aims and L*jectives and in pLqnning our futL¢re actiwties. Our achievements
above dernonstrate how we have tvffillecl this req(m￿rnent durirrfJ the year. In preparing Ihis report. the Trustees
have laken advantage of Ihe small cornpanies. exempbon5 w0v￿ed by sedKffh 415Aol the COMpar￿e$A￿ 2006.

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Future Plans
Delivering our Three Yoar Plan by 2025
(th the 1st April 2022. Smart Wc¥ks Newcastle began the firnl year of an ambib.ous Th￿e Year Pkn as part of the
Smart Works Group in response to a 5b3nifiwt increase in need lor servKe provided in wr area. This plan is
now coM￿ete. and exlenswe consultation has supwrted the development of the new three-yew pkn, which will be
launched in 2025. building the sur£ess of wr wnractful mrthl.
The cost-of4iwny crisis has h￿1 8 devastsbr¥J impad on the ￿rnen we serve. and the eXparts1¢￿ of ¢wr service has
never been mc*e uryJent. The Job mathet is V•rYsening for Ihe ￿)Men we seNe, vkno are applying ILY an average ol
38 rol¢s without sucG8s$.
The new str8te9i¢ plan is the folknMng fve anth1￿$..
Stratsgic Priority
aspire to ensure erfery woman co￿1
from Smart Works can acc￿ our
e aim to be natbjnalty recLyJnised as Ihe lea(li
for
lo
e iecc*Jnise that need i*fferent kb'nd5 of
uppjrt at drffewt FM)ints in their w(MkT"rrfJ INes.
e ouf voice to influence kXJt4"c
iscour5e arKI pK)Iy arourNJ worwi's
F(K every Wom￿. at any
Rwse Our
oi
Strengthen Our
Foundats'ons
e ￿11 ￿lId the infrastrudure. culture. and
JiThJ nKMJel needed for sustainable gr¢ywth,
rounded in equilable aryj conlinu￿jS
To achieve these aims in (Njr wea, Smart W0￿S Newcasue wl:
Rebrand and e¥ofve as Smart Wowks North East, rellecb'rg the d•mc#Jr￿lc5 of our clients and th•
growing demand for ￿Jr seNce.
Fully transfer Servi￿ lo be delivered from a new office space, maintaining capaoty and q￿lIty of service to
maintain a high ￿Ve1 of both appcinlments and successfvl outcomes.
Continue to build and develop referral partner relationth'ps. with specific fccus on urKlerserved regions and
demo9raphic5. provwjing app￿nIrnents to these in ￿Jr NeW￿Ue ￿ntre whie maintaining the use
cl virtual ijelivery ser¥Trce5.
Expand our corporate seryice offering to seDJre new corporate partnetships while maintaining exisling
n￿￿tiOnS to provKle the necessary fvnds io assist Ihis gr￿￿h thrwgh finanaal year.
Leverage knowledge and eyper￿ce Imm our B(yard ol Twslees and ￿￿l￿n1eers, reuuiiirKJ in line wth our
skills assessmenL
Listen, leam and grow trcln the insK*ts from dient. ￿￿nIte¥S suppcytws. includir¥J our new male ally
. Rewew our seryice lor dients aged 16- 25, kveraging Ihe inS￿h1 from Ouf Shaflow TTUStees.
Focus on local partnershps and lundraigng. lo conthnue to false awareness of the seNce, drive growth in
the number ofwomen reachwj. ￿lIe rai￿n9 rnuch needed lunds to rA)ntinue Ihe high qsJality serwce.
Mainlain outwne and impad rneasures so we w deaty d￿(￿Stra1e Impad d our swvice.

SMART WORKS NEWCASTLE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Equity. Oiversity & Inclu510n
In June 2023, Srnart Wcrfks Launched a new group*th Equty, & Indusion strategy. The strategy set-out
framework for how all Srnart W¢xks centres will nurWre a Cultu￿ of divwsty and inclugvty. (knr the last year,
Smart Works has delivered imp)rtant I￿￿11¥eS to sxe*Jress this This indudes training for Staff. trustee5 and
volunteers. demogrnphic data colleclw across ryjr internal community, aThJ the launch of a Client Champion
programm8 where former dients become amb355adors for the tharity.
We want Smart Works to be a F4ace Whe￿ everyone feels accepted, valued an(J able to thrive - %thether they are
stsff. volunteer5. truslees, partner5, 5upporler5. or our dients. Srnart Wryks Newcasu? i¥ Committ￿ to
nplementsng this strategy localty and cwbThJ a mNe inclusNe and 8qUrtable future every member ol the Smart
Works community.
The Trustees. ￿p(rt vrns apwo¥e(l ty the Boar(l ofTwstees.
Sophie Milliken
Trustee
Lisa Bell
17 November 2025

SMART WORKS NEWCASTLE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SMART WORKS NEWCASTLE
I repyt to (he Tnjstees on my exaTrwnaibJn ￿ tht finxnual ststements of Smart Works Ne%4rasle {Ihe Charity) f
Ihe year ended 31 March 2025.
Responsibilities and bas1$ of report
As Ihe Trustees of the Charity land also rts direLtor5 for Ihe wrposes of company lawl. you a￿ responsible for the
preparatitin of Ihe financkql slaltments in accorthc£ the requirements of the c￿n￿nIesA¢t 21x16.
Hawn9 sab'sfied myself Ihat the finanual staten*nts of the Charity we not requireLI lo be audited under Part 16 of
lh8 Companies Act 2006 and are eligit4e for independent examinab"on, I reFtht in respect of my examinab.on of the
Charty's financkAI staternent5 carried wt under Sect￿Tr 145 of the Charities Act 2011. In carrying out my
examination I have I(￿0**d the Direct¥M given by Ihe Chanty C￿￿MISsi￿ under settion 1495Mbl of the Charits'es
Act 2011.
IM￿ependen1 examlnerfs statement
sin￿ the Charitys gross income exc*e(Jed £2￿1.000, the independent examiner musl be 8 member ol a body
lisled in secb.on 145 of the Charitses Act 2011. 1 cfjnffirm thai i am qualif￿d lo undertake the exarrinatw)n b$cgu$e I
arn a rneffl￿r of ICAEW, whith is one of the listed b(KJie5.
I hav8 ￿Mpleted my exarninatim. I wif1￿ that no matters have cc¥ne to my attention in o￿neCtiOn with the
examinalion giving me cause lo bdieve that in any material respeci..
acctsjnting recC￿S wer• not kepl in resFect ol the Clwity as required by 5eclk)n 386 01 the Companies Art
2006.
Ihe financial statements do not accord Vlth those records: or
Ihe financial stalements do not comply wilh the accounty.ng ￿ul￿ts of seth.on 396 of Ihe CoMpan￿S Acl
2006 olher Ihan any requirement that the financial slatWTW give a true and fair View. ¥thich is not a matter
conside￿¢j as parl of an independent ex3rninat￿." or
Ihe financial statements have not been Kryjared in aCco￿ance vlilh the metl)ods and principles of the
Statement of Recommended Pr￿1r£ for accounliThJ and repofbng by charitses apF4irAble to ch8rilie$
preparing their finanual statements in accc¥dance vnth the Fsnancial ReF¥xt"ng Standard applicabk ￿ the UK
R¢puUic of Ireland IFRS 102).
I have no concems and have corne across no olher matter5 in connection the examination to which attents'on
Should be dra￿ in thi5 report in ordu lo enable a woper underslanding of Ihe finBrMxal Slatem￿ts to be reached.
Gary Pready F
Gravlta Audit Oxford LLP
First Floor, Path Central
4041 Park End Str
Oxford
OX1 1JD
Date.. 28111r2025

SMART WORKS NEWCASTLE
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AIARCH 2025
Unrtstrfjeted Restrieted
lunds
funds
2025
2025
Tolal Unrestrlcted Restrl¢led
funds
lunds
2024
2024
Totsl
2025
2024
Income from:
Donatsons and legaae5
Other liading activilies
1ZO,419
85.819
206.238
92,6￿•
9S,627
74.504
35.758
131.385
74.504
Totsl In¢omg
213.C69
85.819 298.888
170,131
35.758
205.889
Expendlture on:
Raising fijnds
Charitable activitie5
21.385
169.886
9,943
178,534
70.971
240,857
145,819
32,715
Total •xp•ndltwe
191271
71.955 263,226
1SS.762
32.715
188,4TT
Net Ineom•
21.798
13.864
35.662
14.369
3.043
17,412
Transfer5 belween
lunds
4.479
(4.4791
Net movemenl In
luftds
26.277
35,662
14.369
17,412
Roconciliation of fvnds..
Fund balance5 * 1 Aprd 2024
151,340
18.363
169,703
136,971
75.320
152,291
Fund balances at 31 Marth
2025
177.617
27.748
205.365
151,340
18.363
169,703
The slatement olfinanual adwilies indudes all gains losses rec(*3nised in the year. A4 ir￿On￿ and expenditu
derive from eontinuing actNities.

SMART WORKS NEWCASTLE
BALANCE SHEET
ASAT 31 MARCH 2025
2025
2024
Fixed assets
T3ngible assets
11
7.$82
Current assets
Stocks
Debtors
Cash al bank and in hand
12
13
24.395
25.581
161,S24
18.363
13.850
142,759
211,5
174.972
Credltors: amounts falling due wlthin
one year
14
(13.717)
{5,269}
Net curr•nl ass•ts
197,783
169,703
Totsl assets Itss Currtnt Ilabllllles
205.365
169,703
The funds ol tht Charity
Restricted incoffle fvnds
Unrestricted lund$- general
Unrestricted Yund5- Design*ed furKJs
1fj
17
27.748
122.617
55,CQQ
18,363
128,140
23.200
205,365
169.703
The cornpany is entilled to the exernption from the audit w￿re￿ent r￿n￿lne{l in Secti￿ 477 of the Cornpanies Act
2006. for the year ended 31 March 2025.
The d1￿ctorS acknovAedge their resFthsFbthbe5 for cwlyi'ng with th• requiremerts d the Cornpan￿ Act 2006
ith respecl to accountirrtJ rec4Yds and Ihe t*eparation of financial ststements.
The rnembers have nol required the ccmpany lo cknlain an authi of ils finanoal slateM￿ts for the year in question i
accordance wlh seclion 476.
These final￿al staternents have bèen Prep￿ in accudancè Ihe W1￿10n5 aFF4icable to companitt subject
to the small companies iegime.
The financial stater￿tS were apwo¥ed by the Trustees ￿ 17 NobYnbeT 2025
Sophie Milliken
Trust••
Lisa Bell
Twstee
Company registratth number 11115960 (England aThJ Wales)
10-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Charity inlomiation
Smart Work5 Newcastle is ? thartsbk c¥mp8ny limited by gLrarant¢e incrypor8ted in England and Wal8S.
The registered office is 3rd Fhxr. Hadiian H￿Se. Hryham Pkce. NE18AF.
1.1 A￿oUnting convenbon
The financial state1r￿ntS have been wepared in ar￿rdanr* wilh the Charivs govemin9 documenL th¥
Companies Ad 2006. FRS 102 Tr Finaroal Rewb"ng Standavij ap￿l￿ble in the UK anij Reptstlic ol
I￿land. I'FRS 102.1 and the Charit*s SORP 'Accovnbng and Reporting by Charitie5.' Stalernent of
Recommend*J Practice applicablè to charities prèparing Ihtir acctyjnts in accordance witt) the Financial
Reporting Standard ap￿iCable in the UK and RepU￿1C of Ireland IFRS 1021" (effective 1 January 20191. The
Charity is a Pubfic Benefil Entity as defined by FRS 102.
The Charity has taken athwtage ol Ihe p￿ls1C¥￿ in the SORP for th￿ties to wepare a Ststement of
Cash Flows.
The finanrAal ststements are prepared in sterling, which is Ihe lunctional ￿rrencY of the Charity. mOr￿13ry
amounts in these finanoal ststements a￿ r¢JJntJed to the nea￿st £.
The finanaal statements have been pwjared Lmder Ihe hi5kncal c05t convention certain fmanL?al
irotruments atf￿r vakje. The prin￿￿ acrnunbng Wioes adcpted are set wt beh)w.
1.2 Going conc•rn
At the time ol approving Lhe financi¥ statements. the Twstees have a reasrnable expectation Ihat the Charity
has adequate resources to ¢￿tsn￿e in operational existenr£ lor the foreseeab￿ future. Thus Ihe Trustees
contiThJe to adopt the wng concem basis ol attountiThJ in wepariThJ the finantial statements.
1.3 Charltabk funds
Unrestricted lunds are availat4e f(* use at the diS￿ti(￿ Trustees in furtherance d thwr tharilable
oty"ectives.
Rtstriettd funds ar¢ subjeci to Specific conditK)ns by dtsn￿ LV grantors as to Iw)w they may be used. The
purposes and uses ol the ￿$tricted funt1s a￿ sel out in the notes to the finanoal statemenls.
1.4 Income
Income is reCO￿lSed the Chwty is *lty enb.lled to it after any pwfoIm8r￿ condilions have been
m¢L th$ amounts can be measured rebabty. il 1$ prrtsbk that ingTh ￿11 b& f￿1Ve￿.
Casl) donations are recognised on ye￿pt. Olher donab.ons are reL))gnised efite the Chaity has been notffied
ol the dCMatsc￿. unless FerfOrMan￿ contji(￿S require ¢JefwTal of the amwnt. Income tax reCOvera￿e in
relats'on to donations T￿e1ve￿ under GIft￿d or deeds 9f￿ven3n1 1$ recL¥nised at the tim¢ of lh8 donation.
Donated s￿￿ lor thessng clients is Tectynised Mi the finantsal statsments whe41 the g¢*Jds are reeeived by
the Charity aThJ their value can be ffleasu￿d *iih rea$￿￿ble accuracy. The value placed on these resources
is their value to Ihe Charity. The trustees ¢onsider it iftyractical to Measu￿ the value ol vdunleer help and
cOnsequen￿y, as permitted by the SORP. Iheir value is not recwised in the finanaa statements but Is
desuibed in the truslees. anrwjal rewi.
11

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2025
Ae¢ounting policies
(Continued)
1.5 Expendllyre
Expenditure is ￿OgnISed or** there is a l&Jal or Construc*￿ obligat¥)n to transfer economi¢ benefit to
third paity. It Is probawe Ihat a transler of ectsrK)mie benefits wll be required in settlement. and the arnount of
thé cOligati￿ can te measLThJ reliat4y.
Expenditure is ¢las%fied by actimty. The costs of each a¢tsMty are made up of the total of diwt costs ané
sho￿￿ costs, induding SUPPOrt costs invofv8d in un¢1ertakn"ng eath aclivity. fhred costs attn"butable to a sin9le
activity are alkncated directly to that actiwty. Shared costs vthith c(ffitribute to more Ihan one activity and
support costs which are not attribuiat4e ￿ a singlé aclmty are aFf•Jlthed be￿een those activth.es on a basis
consistenl with the use of ￿s￿rCeS.
1.6 Tangible fix•d •$8els
Tangibk fix8d assets are initially rr￿asured * cost and $thequ8nly mgasured ai cost LV valuation, net of
depreciats'ijn and any impairment losses.
Depreri8tion is wognised so a5 to V*rfe off the CO￿ or valuati¢m of assets les5 Iheir reshlual values over th
useful lives C￿ Ihe loHowng bases".
Leasehold improvements
Straight Line
The gain cf loss ari&ng on Ihe disposal of an asset is deiennined as the dffterence befv4een the sale pr￿ed$
and the carying value of the assel. and is reGro3nised in Ihe statemenl of financbal activilie5.
1.7 Impairment of fixed assets
Al each ￿p¢￿lIng end date, the Charity wews the carrying arrthnts ol ils tsngible assets to delemiine
ether there is any ir¥Ji¢thon that th0￿ assets have suffered an impairnent loss. If any such indicth.on
exists. the reCOvera￿e arnotjnt of the asset is esb"mated in order to deterniine Ihe extent ol the irnpainnent
loss lil any).
1.8 Stocks
The cost of t1onated d￿Sn9 stttk fty distn"bJts"on lo tenefioaries is valued at fair value. %vhich has been
estimated by the trustees.
1.9 Cash and cash •quivaleb)ts
Cash and cash equivalents I￿V¢* cash in IBnd. der*)sits held at call wth banks, othw short.lerrn IKiuié
investments wilh 9ri9inal matU￿t￿S d Ilwee mwlhs or less. and ovwdfafts. Bar* ovwdralts are 5hcthT)
%itts"n borrowings in current l1akn.lrt￿$.
1.10 Employee bBnefft5
The cosi of any unused holiday enthment is r¢cggnised in the pe11￿1 in ¥thith the employee's services are
r￿e1Ved.
Termination benefts are reccsnised Imn￿diatety as an expense *then the charity is demonstrably Cornm￿ed
to terminate the empbymènt ol an empbyee or to providg lermination benefits.
1.11 Relirement benerrts
PayrTren15 to d¢fined contribu￿"0n retirement benefit sthmes ar¢ thar9ed a$ an exP￿Se a5 they fall due.
12-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting ￿11￿￿1¢8 and jwlgements
In the application of the Charilys accounb.ng Fdiue5, the Trustees are required to rnake iu(Jgements,
Èslimates and assumptions about the Ggryirg amwnt of assets and liakn.1￿.8s that ale rnt ￿adItY apparont
Irorn olher 50urces. Th? estirnates aswated as5umpb.ons a￿ base{1 on historical experience and other
lacto￿ that ar• considered lo be r•l8vant. Adual results may drffer Irom these esbmates.
The estimates and ￿nd￿l￿"ng assumpbons are reviV￿d on an ￿goIng basis. Revrsions to accounting
estimates a￿ re¢cgnised in the perk)d in whith Ihe estimate is rew5ed where the Trv151L￿ affeds only that
perKd. or in Ihe peric#J of the re¥i5ion and lulure peri(*ts 7Athere the revisth affects both ojrrent arbd future
penods.
There are no esb"males that the trustees cJ)ns#*r fc* Ihe accounts.
Incorne frorn donations and legaci85
Total Unrnstrict•d R•strfeted
funds
funds
2024
2024
Total
funds
2025
lunds
2025
2025
2024
Dr￿ated G¢)ods and
Services
Grants and in¢JvKlual
donations
26.732
26,732
19.243
19,243
120,419
Sg.087
179.506
95.627
16.515
112,142
120.419
85.819
206.238
95,627
35,758
131,385
In¢ome from other trading activities
Unrestricted Unregtrlthd
funds
funds
2025
2024
Sale5
Fundraising events
Spinlstep Up for Smart Wc¥ks
Cyck for Smart W¢yks
22.826
63.313
6.511
17.010
48.225
9,269
Other trading aclivibes
2,650
74,504
13-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 hlARCH 2025
Expenditure on ralslng lunds
UN•s¢rithd R•stricted
fund$
funds
202S
2025
T•)lal Urnestricted Restricted
fvnd$
funds
2024
2024
Total
2025
2024
and blic
Slaging fuThJraising
events
Other lundraising costs
,3&
1,030
21.339
1.030
6.735
6.735
3,208
21,385
22.369
9,943
9.943
Expendltwe on charitable athltles
Charitable
acti¥ities
Charltable
¢ti¥ities
2024
2025
Direct costs
Stsff costs
Prernises relaled direct expendikne
Other direct expendilu
Administrative direct exrenthlu
122.039
47.839
107.455
16,859
139
16.2C¥)
20.7CI)
I￿.578
140.653
ShaTe of support and govem•nce (see note 7)
Support
Governance
49.457
822
36.897
240,857
178.534
Anatysis by fund
Un￿￿1¢¢ed funds- general
Restricted funds
169,886
70,971
145.819
32.715
240,857
178.534
14_

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support ￿$ts allocated to activitses
2025
2024
Staff rx15ts
Prernises related support cosfs
Adrninistrative expendrtu
25,485
8,289
15.683
24,097
4.629
8.171
J,279
37,681
Anatys•d between:
Chantal￿e actyvibes
50,279
37,881
Govemance eosts indudes pa￿￿ents to Ihe Th1ependent exami￿[S of £700 + VAT 12024.. £6501 for
independent exarninatit￿ fees.
The fee for the a£￿V￿ts preparatKJn of £1,750 * VAT {2024: £1.6rx) + VATI due to Ihe sndependent exanwners
is being pawl for by the parent d￿rity.
of the Tnjslees lor any persons cOn￿j them) rec*¥￿ any remuneration w benefils from the
Charity during Ihe year12024.. £nill.
Ernployeeg
The average monthty numt*r of emrAoyees during Ihe yearwa5.'
2025
Numbv
2024
P￿mb•r
Ernployment
2025
2024
W8ges and salaries
Social securrty costs
Olher pension costs
131.697
12,112
3.71S
121.722
6,352
3.478
147.524
131,S52
There were rKJ ernployees ¥hwe annual rernuneraiKn w*s riiore than £60,￿0.
15-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
(ContinuBdl
Remuneration of key management p•rsonntl
The remuneration of k•y m￿agement pe1x￿ne1 w3s as folows".
2025
2024
Aggregate compensati¢)n
45,953
39.597
Under the ierrns of the Ch8fibe5 SORP. the trus1885 and the Centre Manager are rewgnised a8 key
managemen¢ personnel. The aggregale ernployee beneftts Isnduding emplDyei P￿iDn and National
Insuranee eontribu￿ons1 received by the key mana9ernent pefsrmnel are Sh￿ atrx)ve.
10 Taxation
Th? charity 15 exempt from tsxaticn ils acbvI￿$ because all its Is appled for tharitsbse purposes.
11 Tangible ffixed assets
Leasehold
Cost
Additri
9,478
At 31 March 2025
9.478
DeprK1•￿on and Impalnmnt
Depreciation in thé year
1,896
Al 31 March 2025
1,896
Carrylng arnount
At 31 March 2025
7.582
12 Stocks
2025
2024
Dressing st￿k
24.395
18.363
13 Debto
2025
2024
Amounts lalling duè within one year:
Oonations receiv3￿1￿ and other debtrx5
Prepayments and acCn￿d income
12.138
13,443
3,100
10,750
25.581
13,850
16-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Credrtots: amoubts falling due T*Othln one year
2025
2024
Trd¢le ueditors
Wages and pensions ￿trol xcoun
Accrua15 and deferred income
850
4.163
8.704
226
3,275
1,768
13.717
5.269
15 Retlrement benèfft schemes
2025
2024
Dafined contiibulion 5chemBs
Charge lo proffit or b)s$ in wEsped of defir*d ¢xmlrlwliw xh¢mes
3.715
3,478
The Charity operates a defined contritrAtrtion pen&on 5d*me ftr all qualrfwThJ ernpbyees. The assets of the
schem? 8r8 hdd separatety from Ihrtse ol Ihe Charity in an bndependenty adrnini5t8r*d fund.
16 Restricted funds
The restricled fvnds of the tharity corywse the unexpended baL3nces of donatiws and grants held on trust
5￿j.eCt lo spetsfie ¢oThj￿.0rts by dvnry5 as lo how Ihty may be used.
At 1 April
2024
Incoming Resources
resouices
expended
Transfer5 At 31 March
2025
Dres￿ng stodt
Career coaching (Natirnal
Lottery)
Career coathirb318ank of
Am&ical
Nowca5tl• c¢yJnul
Sir Jarnes Knott
Wellbank
Mea TrUSVNa￿C
Citylife grant
BWP workwear
18.363
26,732
120.7001
24.395
{6.4801
8,595
20,ts)0
10,C
{8.5951
I20.￿0)
{10.[￿0)
(3.0531
17001
17801
I1.￿1)
{4.4791
3.353
18.363
85.819
171.9551
14.479)
27.748
17_

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted fvnds
Icryrtimiedl
Prevl*)us ￿ar.
Al 1 April
2023
In¢omin9 Resource5
r•sour¢•5
•xp•nd•d
Transfers At 31 Alareh
2024
DressirvJ stock
Career Coathing IBank of
America)
Career Coach'ng (Nati￿al
Lott￿)
15.320
19.243
116.2001
18.363
7.875
17.8751
18.6401
15.320
35.758
132.7151
18.363
The dressing stock rewesents donatir￿S received the 5p*afic rAWW58S of providing benefiriaries wilh
Clothing for inter¥ithv.
The Bank of Arnerica fv￿1. and National Lollery filnd. wefe colecled via Smart W¢yks Chanty and are grants
towards essential resources.
The Newca511e Council grant was reslrided to be paid towards rent aThJ wa5 fvly utilised in the year.
Sir J¥mes K￿11 is a rAye 9ranl to ￿ paid towards ￿ary.
Wellbank was 8 grant lo he¥) fit cAJt the new c￿tre and wa5 fulty ublised in Ihe year.
Mea TnJ$UNa￿oT$ was a grant to pay lowarfs trdnswt fc* Ihe 2024 ￿miseS move was fully utilised in
the year.
BWP Workwear was a grant towards wardrobe items and a balanc* of £3.353 remained al year end lo be
carried f(Thafd to the new financ￿1 Y￿r.
18-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 D￿19n¥*￿ fund$
Th8 unrestricted funds of the charity comprise the un¢xF*nded balar￿S of donations and grants which are
not subject to speufic u)nditi￿$ by donrM5 and grantors as to how they may be used. These indude
designated lund5 have been wl aside ¢xrt of unrestrhae(I funds by the tnJstee5 for specffic purrA)ses.
1 April 2023
1 Aprfl 2024
31 IA•r¢h 202$
Designated Funds for 3 ytar r4an to
5UPPOrt more W¢￿en acr055 Nev*r3sle
Designated Funds for moving expense5
and outreath recruitment CL￿1$
120.C(JOI
23.2rAJ
123.2001
55,CQQ
55,OC¥J
120.1)001
23,2LM)
31,800
55.orxj
Durin9 Ih? year Ihe Charity ￿rnpleted Ihe ihird year of its 3 year plw lo support rrK)re wcrfnen wos5
Newcaslje and has transferred some ofthe t1esig)ated lund5 had been a%de to SUF¢)Ort some of
the associated additsonal expenditure.
The Charity also alkncated a lurlher £55.0(X) to desynate(1 fisfK15 durng Ihe yew to suFpJrt mowng ￿a￿"On5
and to help fund the recruilment ¢05ts of a new outreach assistant.
18 Anatysis of net assets belween funds
Unre5ti•ct8d Designated Restricted
funds
hbn
funds
genernl
2025
Total
2025
2025
2025
Al 31 M*eh 2025..
Tangible assets
CLtrrènt assetsllliabilibesl
7,582
197,783
115.0&
27.748
122.617
27.748
205.365
Unr•stiiet•d D•slgnat•d Restricted
funds
general
2024
Total
2024
2024
2024
At 31 M¥eh 2024:
Current a5setsllliabiliti¢51
128.140
23.200
18.363
169,703
128.140
23.200
18.363
169,703
19-

SMART WORKS NEWCASTLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Members, Llablllty
Thè company is limited by guar￿tee. The mwnb¢r of ts wmpany undertake5 lo contribute to Ihe assets of
the company. in the event ol the sarre being *Our￿l up while Ihey arè a member. crf wtthin one year after they
cease to be a ￿rnber. for payTnent of Ihe debts and liabilities of the company contracted before they ceased
to be a member. and of the costs. charges and expenses of winding up SUL* amount as may be required Mt
exceeding £1. At the bai8nce sh￿t dale there was ￿e ffember. Smarl Works Charity.
20 Operating 1ga8e corrMnltm•nts
Lèssee
At the reporting end date, the Charity had outslanding Cr￿MItMents for future mir￿muM lease payments
under non•cancdlable OFeratmg leases. ￿lch fal due as folky*s".
2025
2024
Within one year
Between two and five yw5
24.0
16,140
20.175
24.000
36,315
Operating l¢a5e paynwls in £36.07412024: £17.3931.
21 Rolated party tr￿50￿10￿¥
Dum9 the year the tharity received d￿ationS of £47.17512024.. £31.515) and ¢051 Twm￿lSernen1S of £nil
12024.. £1,8001 from &nart Vl(¥ks Chwity, ts immedwte parent vthich are included within for the
year.
The charity receiv￿ donati￿$ of £495 12024.. £5711 frryTr seven Trustees {2024.' seven Trustees) and
expense reimbursements of £285 {2024.. £637) to one Tnjstee.
22 Control
The parent of the largest group in which these financ41 statements are o)rtsolidaled is Smart W¢yks Charrty
(Company Njmber 03870671 and Chanty Number 10806091 who is Ihe SLle member ol Ihis charity and can
exercise contrc4. Smart Works Chanty has the same prinopal athity as this charity.
The address for &nart Works Chwity is: ih)it 1. Canonlwry Yard 202-208 Nvw North Road, Ilington, London,
Eroland, N1 7BJ.

SMART WORKS NEWCASTLE
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$tws
Helena Clenndl
Susan Fult
Carol Mwe(lith
So[￿le Milliken
Lisa Be
Julie CuthberlsL
Lisa Graveling
Nicda Hands
Maxine Fox
Sardh Lamb
Lauren Croft
(Resigned 5April 20241
(Resigned 10 May 20251
(Apwnted 5 Augvst 20241
(Apwnted 12 July 2024 and
Resigned 16 May 20251
charlty nuM￿r (Enyland and Walès)
1176547
CoMp￿Y number
11115
Reg•stered office
3rd Fk
Hadrian H￿se
H¢gham Pla¢¢
NE1 8AF
Independent examlner
Authl Oxfryd LLP
First Floor. Park Central
4Lk41 Pwk ETh1 Strettt
Oxford
OX1 1JO