Reskilled Registered Charlty No. 1181800 TRusfEES' REPORT & ACCOUNTS FOR THE YEAR ENDED 31 December 2023 Reskilled Year ended 31 December 2023 Governlng deed Constitution dated 16 April 2018 Trustees The Trustees who served during the year and Sin￿ the year end are set out below. Paul Robb5 de la Hoyde Chaimian Juli3 Snowball Secretary Treasurer William Lowries Alex Pady Princlpal Office 37 Hazel Avenue Guildford GUI INP Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ' Kent ME194JQ Indeper￿eTht Exarniner Roy Wigmore 29 New Inn Lane Guildford GU4 7HN Webslte: www.reskilled.or Email: info reskilled.o Re5klllEd REPORTOF THETRUSTEE The Trust￿ presentthe annual report and acc￿ntS of Reskil￿d ITr Ovrity'l for theyear ended 3J De￿rnber 2023 The acwwts have been prepared in ar£rAance withthe atcrjunting seioL* on pa8e 7 andcompty th the charitys cm5tthtM)n and applicable kiw. Resknlled wa5 incorporated on 29January2019 as a(harita￿e ¢knnisatioii. Itw35 Set up toaddrEss a need ￿entIfiEd intheGuildlord and WokNwarea. wh*h ts to t*0￿delhe irytlal partof the pathway Inro employrnentfor peop* who have been cmjt ofv4tyk for at lea5tiweh* mc¥)Ihs an(Éare ¥ed between 253nd thestate retlrement age. Reskilled aiMs toprernote I￿JuS￿￿￿thiSgr0uPof rridirythem with trainlrvdtn gerericworkskn"Ils. The objecrs ofthe CP￿rity are.. The promot1￿) of social indu5ionforthe Publ￿ berefir by rdierfingthe needsof those [ffj￿e who are y)cially exclLKJed due to con5traint5 arlsSng from b￿ng unernployed for nvjre lhantWeh￿rnontfv% by the raisireof their cD￿f￿eTrCe aThd Jparningg£nErK WLYk skills in supported w0rkenvir(￿rnenl In pankularbut rK)t exdusNEtywoJdwark5hop5. to enable thdr rntrthieni it)10 swtalnable empbynieni. eskllled h35 at tts heart 8 bdlef thèt all people desetveto thrrwe andto be èu that God %vants them to be. aod that being engaged in fruitful adivityls one of theway50f enaNiwth05eobjett&ves. Our invcl¥ement as trusiee50f Resk￿￿ W3y of Worki￿￿0Ut our Christi3nfaith. Flnathclal and o re¥i•w The formaiion and planning of Reski1￿￿ took pi¥e v4er 4 from nurrerou5kKal aThl vi5itingexi5ting propcts in Drderto a55e55 the real nEed, to treating a bu5inP55 klanand website. armj subsequentlyfowThini a tharity ar¥J r6i%ng fU￿d$. It tuok almost 3 vears from Reskilled bÈcomirtrga rwstered chaiityto gecurfng k¥ern&Ès and was b tÈgtof fa5th 2nd perSevera￿e, tryingto raise fund5 to start upwith only the extent of our pLinniry and re50fve 3&ass￿rante to wtential furderL A5 of December 2023, Re5killed ha5 a well equipped Workshop with upyradeddust exirathon knI￿e5 and ha5 bEen workn￿ with partKipants lur almosttwoyears.se•n8defiDlte prv8ressKn in tr*lr lives. Whllst the number of p3rtKipants bel￿ referred to ushas been l•*erthJn expetted1119)farl. weha¥e£ontthuodD) Itscrease ihe number ofagencies referrin8tO%J5. These rangefrom ￿Me￿55 5VPPOrted Jobrentre Wu5. toHomtrSrh(x)l knnk Workers and a kncal mental health charity. The netis Sp￿ad W￿e. Co￿ls1enCY of attendance at Re5killed has ger*raltybeen Fkswever. rnentsl heakh dlffKult￿S or life ￿r(￿ms￿l￿ sometimes create difkulties. de5Pité astrowde5ireto tontinutattÈndI￿ Thi5 ￿ been frustratin8 f¢Jr ￿Jth Part￿ butwe have mède surethat thry know that they can return when approwi3te have 3 WCttSS in Wate ta oFreSumlng￿Ih ui The first 7 weeks are aTaster Course to assess**ether ¢htsis the riglrtoprLrtunt¥and ￿n￿ngf￿r bolh Paititipants and Reskilled-those who tannot attend for 5 (xrt ofthe 7 week5can try again ata laterstrge iftherf wish. Everyone attending has been enioylng comln8 to Reskilled a￿1 h3¥e been happY￿ththe arrar￿￿eThIWheretythtrl genèral￿aIIernate between makin8 a project for themsel¥Es and onefor Rethl edto sdl. Our Etsyshop has now bèen running for over a year and we have had a few order5. However, we have been tak(n¥an li7cre￿￿TrU￿b2TO1Curnfft￿￿￿and ie8ularfy ha¥ea waiti￿¥ li5tfar these. WÈha¥e beenable toa¢commodètÈ a ￿der>I￿of abilit￿and ffledtsl ￿d￿an$ safelywhth hos been ftsr tx)th the individuaLs wantlnEto att￿0 and lor ReSkil￿d. inwr deyreto etk14e a Lyeadth of clrcumsranttsto be catered for. wh￿St attendiw Reskrf￿, Every Part￿l￿an1 has aft>￿er. Dpvek>w8 W15 in thew1xk￿aCe. ITr which we can e¥idellteavarietyDf transfetsble work skn"Ilsthat we mLK*I and have observed. Uport reviewÈ th•r l￿derS Pètticipants have been cleèrlyeKouraged ai what has *en MtKed and recarded abLXJI the￿.The aim of thef0￿er ￿ th*Lcnmbinedwitha rderence from Reskllleds Programme Mar.3Eer, it can provide a solid, Currènt characterlworkrelererKetohdpfDr rr￿￿￿ iDto5uslairki￿2 ￿M￿o¥￿ent. Durlngthe Year, grants of nearlyE22.IW were recewed1£19.OX) in 20121 wnlch tlwher w￿h ￿￿￿tinK reserves linanced on8oirngoperètln8 Costs as well a5 £2500 expenditure ontsd5 and equiprTrÉrf (mainly upgrading du5textr3ction laalities). These grants were from rhe following fundet5,' Thejorrows ChoritoNeTrurt 8eneloct Trust Cornrnunity FovndoticnlorSurrey Guildfvrd PoylE ChuritiE5 Nios Wheu£ley Trust E2775 received from individual (bnor5 IndgrftslE15(M) irt 20221. The t￿tte$ vecognise￿ need to Create a more resilientar*d stable income mlx. in particulÈr by incre3si￿ income from iThJr4Kknal supp￿terS. Whi15tihis ha5 woved d￿l￿ng￿n& l￿d pro8re55 has been made. Reskilled The Trustees have agreed a reserves poliry of having a target level of re5ervÈs of six months. planned expenditure. At the end of the period, the charity held reserves equrvalent to 65 months, planned expenditure. Risk mana ement The Trustees activety consider the risks to which the charity is exposed and review them and the Fniti8ating actions at each meeting. The principal risks that the Trustee5 have identified are: R15k Impact The charity will havè to seek alternative prem15e5, which could be difficult and probably much more expensNe Mitigating activi existing premlses are no longer available Continuing in dialogue with other possiwe premises Owne￿ on a proactive basis Bulldin8 relation5hip5 Wlth institutional funders and individual donors to provide start-up and regular income funding 15 not available The charity will not be able to start or sustain its wo Comprehensive policies and prLKedures are In place.. suitably trained and Qualified individuals engaged as projert manager and volunteers. Safeguarding incident in the workshop ReputatSonal and financial damage Tru5tees' re5 nslbilitie5 in felation to the accounts Law applicable to charitie5 in EnBland and Wale5 requi￿$ the Trustees to prepare accounts for Èach firtancial year, v4hich give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these accounts. the Trustees are required to.. - selert suitable accounting policies and then applythem consistently. make judgernents and estimates that are reason3blÈ and prudent- state thè basis ol preparation of the accounts.. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the Society will continue in busines5. The Trustees are responsible for keeping prn￿r accounting records, which disclose with reèsonable accuracy at any time the financial position of the Charity which enable the Trustees to ascertain the financial position of the Charity and to ensurè that the accounts comply with the Charities legislation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularitie5. Approved by the Trustee5 and signed on their behalf by: IL4LL(, Chairman Date.. 2oz4 Independent Examiners Report to the Trustees of Reskilled Respertlve responsibilities of Trustees and Independent Examiner The charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that the Charity is eligible for exemption from audit by virtue of Section 144121 of the Charities Act 2011 {the Act). My examinaTion OT Ene accounis Is unaer Section 145 OT tne Act anu It Is my responsiDlllty to state, on the basis of procedures specified in the General Direttions given by the Charity Commissioners under Settion 14515llbl of the Act, whether particular matters have come to my attention. Basls of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examlner's ststement In connettion with my examination. no rnatter has corne to my attention." al which gives me reasonable caLise to believe that in any material respect the requirements: - to keep accounting records in accordan￿ with Section 130 of the Act; and - to prepare accounts which accor(1 with the account records and comply with the accounting requirements of the Act have not been met,. or Ibl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. MrR 29 New Inn Lane Guildford GU47HN Date- ore Reskllled Statement of Financial Artlvltles Notes 2023 2022 Incoming resources Grants Donations Interest earned Tax recoverable under gift aid Sales Other income 21,751 2.790 23 19.625 1.534 12 323 257 747 25.311 21.753 Resources expended Expenditure.. Staff costs Fitting out Rent Materia15 & tools Client Travel Maintenance Admin costs 14.029 2,052 13,726 3,518 2,300 3,563 1,537 29 1,059 986 22,092 839 1.801 25,787 Surplus / Ideficlt} Total funds brought forward 3,219 8,805 14,0341 12,839 Total funds carried forward 12.024 Reskllled Balance Sheet Notes 2023 2022 Current assets Cash at bank Petty cash 11.897 127 12.024 8,680 125 8,805 Net assets 12,024 Represented bv: Funds Total 12,024 12,024 8,805 8,805 Movement In funds Opening funds Surplus1 Ideficitl Closing funds 8.805 3.219 12.024 12,839 14,0341 8,805 Wlliam Lowries Treasurer Date: Notes to the accounts ACCOUNTING POUCIES Basis of accountlng The accounts have been prepared on a receipts and payments basis as permitted by section 133 of the Charities Att 2011. Accrual accounting has not been adopted. Fund accounting Ur)restricted tunds are those accumulated surpluses and deticits which are available tor use at the discretion of the Trustees in furtherance of the Society's general charitable objectives land may include designated funds). Restricted Fund5 are those subject to specific trusts. or granted with conditions that the funds be used for a specific and defined purpose. Anatysls of Funds Opening Restricted Funds Grant5 received during year with restrittions attsched Benefact Trust Irestricted to capitil expenditure} Community Foundation for Surrey (restricted to staff costs, rent and other admin costs) Sub-totÈ71 Expendure allowable and allotated against those funds staff costs 273 750 7,750 Rent Capital expenditure 5ub-totgl 750 7,558 Closing restricted funds 465 2023 2022 Unre5trirted fund5 Restricted funds 11,559 465 12,024 8,532 273 8,805 Fundraislng, gifts and donations As well as grants from local government bodies and a charitable trust, we have received donations from private indNiduals. Admin costs Admin costs include the costs of insurance for the Charity and Trustees. Resources expended Income and Expenditure is included on a cash basis. Related party transaction5 No remuneration or expenses have been paid to anyTrustee or to the independent examiner.