ANNUAL REPORT AND FINANCIAL STATEMENTS
SKILLS DEVELOPMENT TRAINING
Charity Number: 1178238
Company Number: 10778818
For the year ended 19 February 2025
TRUSTEES. ANNUAL REPORT
1. Reference and Administrative Details
Charlty Name: Skills Development Training
Charlty Registratlon Number: 1178238
Company Registrallon Number: 10778818
Registered Office: 58 Streatham High Road, London, SW16 1 DA
Trustees who served durlng the year and to the date of thls report:
Mr Adedayo Adebowale (Chair)
Ms Aysha Anderson (Trustee)
Mr Sikiru Oshungbure (Secretary)
Mr Solomon Daniel Quarcoo (Trustee)
Professlonal Advlsors:
Bankers: Santander UK plc, 38 The Broadway, London, E15 4QN
Independent Examiner: Mr Simon Henry, Dan Dans. 259 Chingford Mount Road,
London, E4 8LP
2. Structure, Governance and Management

Skills Development Training is a registered charity and a company limited by guarantee.
incorporated on 19 May 2017
(Company Number: 10778818). The charity is govemed by its Memorandum and
Articles of Association adopted on 19 May 2017.
Governing Document
The charity operates under its Memorandum and Articles of Association, which set out
its objects and powers.
Trustee Recruitment and Appoinlment
Trustees are appointed by the existing board based on their skills. experience, and
commitment to the charity's mission.
The board ensures an appropriate balance of expertise to support effective govemance
and strategic decision-making.
Trustee Induction and Training
All new trustees receive a comprehensive induction covering the charity's goveming
documents, key policies. strategic priorities, and their
legal and fiduciary responsibilities. Ongoing training is provided to ensure trustees
maintain their effectiveness and stay infomied about
relevant developments in charity governan￿ and their areas of responsibility.
Organisatlonal Structure
The board of trustees meets quarterly to set strategic direction. monitor perforrnan￿.
and oversee the charivs activities.
Sub-committees have been established to support governan￿ in key areas:
Finan￿ & Audit Committee
Programmes & Impact Committee
Fundraising & Communications Committee
Risk Managernent
The trustees have established processes for identifying and managing key risks. Major
risks are reviewed regulady at board meetings,
and appropriate controls are implemented to mitigate them.
3. Objectives. Mission and Vision

Mission
Skills Development Training exists to empower young people aged 11-24 with the
skills. confidence, and opportunities to succeed in
education, employment, entrepreneurship, and life. We provide practical skills training.
financial education. mentoring. and positive
community engagement to help young people build sustainable careers or businesses
and contribute positively to society.
Vision
We envision a society where all young people, regardless of background. have equal
access to skills. knowledge, and opportunities to thrive.
We strive for communities where young people are financially confident. economically
independent, socially engaged, and equipped to lead positive change.
Objectlves
To achieve its mission and vision. the charity aims lo:
1. Promote entrepreneurship and employabillty- Provide enterprise and
workplace skills training. and support young people to start businesses or gain
employment.
2. Improve flnanclal Ilteracy and reslllence - Enhance young people's budgeting,
saving, and money management skills.
3. Enhance educatlon and career outcomes - Provide career guidance, skills
assessments, and progression planning support.
4. Support under-represented young people - Promote indusion, leadership
development, and confidence building.
5. Promote health, wellbeing, and social engagement- Use sport and physical
activity to encourage teamwork. discipline, and positive community involvement.
Values
Innovatlon | Empowernient I Incluslvlty | Integrfty I Collaboratlon
4. Achievements and Perforniance
Overvlew
During the year ended 19 February 2025. Skills Development Training delivered
impactful programmes that transformed the lives of 260 young people.
900/0 of our beneficiaries came from under-represented backgrounds. and we achieved
400/0 female participation across our programmes.

Programme Impact
Total beneficiaries supported." 260 young people
Entrepreneurship & Employability Programme
7 new youth-led businesses successfully launched
85 % of participants reported increased confidence in their employability skills
Enterprise skills workshops delivered to 120 young people
Financial Literacy Programme
95 % of participants demonstrated improved financial knowledge
60 % established regular saving habits
900/0 created their first personal budget
Financial education delivered to 80 young people
Education & Career Progressron Support
65 % of programme participants entered employment. training. or further
education
30 internship placements secured with local businesses
One-to-one career guidan￿ provided to 100 young people
Basketball & Community Engagement Programme
20 regular participants in weekly basketball sessions
4 community sports events organised, engaging 200+ local residents
900/0 of participants reported improved physical wellbeing and teamwork skills
Partnerships established with 3 local schools and community ￿ntre$
Volunteer Contribution
The charity benefited from the support of 15 dedicated volunteers vtho contributed
approximately 450 hours
of their time to support programme delivery and administrative functions.
Partnerships
We continued to develop productive partnerships with local schools, colleges,
community organisations.
and employers to maximise our impact and reach.
5. Financial Review

Results for the Year
For the year ended 19 February 2025:
Total Income: £30.572
Total Expenditure: £33,421
Net Expenditure (Deficit) for the Year: (£2,849)
The deficit for the year was funded from the charity's unrestricted reserves. This
outcome reflects our strategic commitment to maintaining programme delivery
and impact despite timing challenges with restricted grant income. To manage
temporary cash flow requirements,
the trustees arranged a short-term loan of £3.430, which is disclosed in the balance
sheet.
Reserves Pollcy
The charity's policy is to maintsin unrestricted reserrfes equivalent to approximately 3-6
rnonths of core operational expenditLJre.
Thls provides a buffer against unforeseen circumstances and ensures continuity of our
vitsl services. Unrestricted funds carried forward at 19 February 2025 were
£6,621. The trustees regularty review the reserves level against projected income and
expenditure and consider the current position to be prudent, particulady in light of
significant grant funding
already secured for the forthcoming financial year.
Investment Poll¢y
The charity does not have an investment policy as it holds no investments. All surplus
funds are held in interest-bearing bank accounts.
Prlnclpal Rlsks and Uncertainties
The trustees have assessed the major risks facing the charity, which include:
1. Flnanclal Sustalnablllty Rlsk- Reliance on grant fvnding and potential income
volatility.
Mitigation.. Diversification of income streams, robust financial planning. and
proactive fundraising.
2. Funding Concentratlon Risk- Dependence on a limited number of funders.
Mitigation." Development of a broader donor base and mixed funding model.
3. Operational Delivery Risk - Capacity to deliver programmes effectively.
Mitigation.. Strong project management. volunteer engagement. and partnership
development.
4. Governance Risk- Ensuring effective tTUStee oversight.
Mitigation.. Regular board meetings. trustee training, and clear delegation.

The primary risk identified during the year was short-tenn cash flow volatility. This was
successfully mitigated through a combination of carefu5 cash flow management.
a short-term bridging loan, and most significantly, the successful acquisition of
substantial core grant funding for the following year.
Future Outlook and Plans
The trustees are pleased to report that, subsequent to the year-end, the charity has
been awarded a grant of £26.OIXI for its core programmes in the financial year
beginning 20 February 2025.
This provides a solid foundation for our financial sustainability and programme delivery
in the forthcoming perii)d.
Our plans for the next year include:
Expanding our financial literacy programme to reach an additional 50 young
people
Launching a new digital skills training initiative
Strengthening partnerships with local employers to create more work experience
opportunities
Implementing an enhanced monitoring and evaluation framework to better
apture our impact
The trustees are actively pursuing additional fijnding opportunities to build on this
su￿sS and ensure the long-term viability of the charity's impactful work.
The budget for the new financial year projects a retum to a sustainable operating
position, allowing for the repayment of the outstanding loan and the careful rebuilding of
free reserves.
The trustees are confident that with the secured fijnding and continued commitment to
our mission.
Skills Development Training is well-positioned to continue making a significant positive
impact on the lives of young people in our community.
FINANCIAL STATEMENTS
Statement of Financial Activities (SOFA)
For the year ended 19 February 2025

Unrestricted
Restricted
Total
Funds £
Funds £
2025 £
INCOME FROM:
Donations and grants
29.989
29,989
Charitable activities
583
583
Total Income
583
29,989
30,572
EXPENDITURE ON:
Charitable activities
Wages and salaries
26.754
26,754
Project delivery cost
3.163
3,163
Total Charltable Expenditure
29.917
29.917
Costs of generating funds
1,469
1.469
Governance costs
2,035
2.035
Totsl Expenditure
3,504
29,917
33,421
Net In¢omel(Expenditure)
{2,921)
72
(2.849)
Other recognised
galnsl{losses)
Net movement in funds
(2,921)
72
(2,849)

Unrestricted
Funds £
Restricted
Total
Funds £
2025 £
Fund balances at 1 March
2024
9.542
9.542
Fund balances at 19 February
2025
6.621
72
6,693
All activities derive from continuing operations.
Balance Sheet
As at 19 February 2025
ASSETS
Note
Current Assets
Cash at bank and in hand
8.123
Total Current Assets
8,123
Non-current Assets
Equipment
2.000
Total Non4urrent Assets
2,000
TOTAL ASSErs
10,123

ASSETS
Note
LIABILITIES
Note
Current Liabilltles
Loan payable within one year
3,430
Total Currnnt Liabilftles
3.430
TOTAL LIABILITIES
3,430
NET ASSETS
6.693
FUNDS
Note
Unrestricted funds
6,621
Restricted funds
72
TOTAL FUNDS
6,693
TRUSTEES. RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).

The trustees are required to prepare financial statements for each financial year which
give a true and fair view of the chariws financial activities
during the year and of its financial position at the end of the year. In preparing these
financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subject to
any material departures disclosed and explained in the financial statements:
prepare the financial statements on the going ￿ncern basis unless it is
inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeplng adequate accounting records that are sufficient
to show and explain the charitys transactions and disclose with
reasonable accuracy at any time the financial position of the charity. 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 confirm that the annual report and financial statements to comply wlth the
above requirements.
Slgned on behalf of the Board of Trustees:
Slklru Oshungbur•
Slgnature:
Date:

Notes to the Financial Statements
For the year ended 19 February 2025
1. Accounting Policies
Basis of preparation
The financial statements have been prepared in accordance with the Charities
Statement of Recommended Practice (SORP) FRS 102 'The Financial Reporting
Standard applicable in the UK and
Republic of Ireland. applicable to smaller entities, the Charities Act 2011. the
Companies Act 2006, and UK Generally Accepted Accounting Practice.
Fund accountlng
Unrestricted funds are available for use at the trustees, discretion in furtherance of the
charity's general objectives. Restricted funds are donations and grants
subject to specific conditions imposed by the donor regarding their use.
Income
Donations and grants are recognised when Ihe charity has entitlement to the funds,
receipt is probable, and the amount can be measured reliably. Grants for specific
projects are recognised
as Income over the period in which the related expenditure is incurred.
Expendltur•
All expenditure is accounted for on an accruals basis. Expenditure is allocated between
charitable activities, costs of generating funds. and governance costs based on the
purpose for which the costs were incurred.
Tanglble f5xed assets and depreciation
Equipment costing more than £500 is capitalised and depreciated over its useful
economic life, assumed lo be 3 years. Assets below this threshold are expensed in the
year of purchase.
The carying value of equipment is reviewed for impairment rf there is indication of a
significant reduction in value.
Cash and cash equivalents
Cash includes cash in hand and deposits held at call with banks.
Going concern
The financial statements have been prepared on a going concem basis. The trustees
have prepared budgets and cash flow forecasts for the period ending 19 February 2026,

which incorporate grant funding of £26,000 already awarded and contractually secured
for the forthcoming financial year. Based on these forecasts.
the trustees have a reasonable expectstion that the charity will have adequate
resources to continue in operational existence for the foreseeable future.
2. Analysis of Funds
Unrestricted Funds
Restricted Funds
Total Funds
Balance at 1 March 2024
9,542
9.542
Incoming resources
583
29,989
30.572
Resources expended
{3,504)
(29,917)
(33,421)
Balance at 19 February
2025
6,621
72
6,693
Restricted funds represent grants re￿iVed for spectfic charttable activities as defined
by the funder. The unspent balance of £72 at the year-end will be expended on its
designated purpose in the following financial year.
3. Loan Payable
At 19 February 2025, the charity had an outstanding interest-free loan of £3,430,
repayable in full by 19 February 2026. The loan was used to support operational cash
flow requirements during the year.
The year*nd cash balance of £8,123 indudes the loan pro￿edS.
4. Related Party Transactions
There were no related party transactions during the year requiring disclosure.
5. Going Concern
As noted in the accounting policies, the trustees have prepared detailed budgets and
cash flow forecasts for the period ending 19 February 2026. These forecasts
incorporate

the grant funding of £26,000 which has already been awarded and is contractually
secured for the forthcoming financial year.
Based on these forecasts. the trustees have a reasonable expectation that the charity
will have adequate resources to meet its liabilits'es as they fall due.
ontinue its operational activities, and repay the outstanding loan in the normal course
of business.
Therefore, the trustees continue to adopt the going con￿rn basis of accounting in
preparing the annual report and financial statements.
INDEPENDENT EXAMINER'S REPORT
To the Trustees of Skills Development Training
I report to the trustees on my examination of the charity accounts of Skills Development
Training for the year ended 19 February 2025.
The charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for this year under section 43(2) of the
Charities Act and that an independent examination is needed.
t is my responsibility to:
examine the accounts under section 43 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity
Commission (under section 43(7)(b) of the Charities Act), and
st8te whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the
Charity Commission. An examination includes a review of the accounting records kept
by the charity and a comparison of the accounts presented with those records.
Testing was carried out on a sample of transactions from the Income and Expenditure
Accounts. The transactions were either agreed back to the source documents or to the
bank statements. The opening and closing bank balances per the Accounts agreed
back to the actual Bank Account Statements.
It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from the trustees con￿mIng any such matters.
The prO￿dureS undertaken do not provide all the evidence that would be required in an
audit, and consequently no opinion is given as to whether

the accounts present a 'true and fairf view and the report is limited to those matters set
out in the statement below.
In conneGtion with my examination. no matter has come to my attention which gives me
reasonable cause to believe that in, any material respect. the requirements..
1. to keep accounting records in accordan￿ with section 41 of the Charities Act.
and
2. to prepare accounts which accord with the ac(J)unting records and comply with
the accounting requirements of the Charities Act
have not been met" or to which, in my opinion, attention should be drawn in order
to enable a proper understanding of the accounts to be reached.
Simon Henry
Director of Dan Dans
259 Chingford Mount Rd, London E4 8LP
Phone: 020 8524 5757
Name
Simon Henry
Signature:
Date:
17./L-LS