Reskilled Registered Charity No. 1181800 TRUSTEES, REPORT & Accoupirs FOR THE YEAR ENDED 315t December 2024 Reskllled Year ended 31st December 2024 Governin8 Deed Constitution dated 16 Aprll 2018 Truste The Trustees who served duringthe year and since the year end are set out below. Paul Robbs de la Hoyde Chaiman Julia Snowball William Lowries Alex Pady Secretary Treasurer 37 Hazel Avenue CAF Bank West Malling ME19 4JQ Independent Examiner Roy Wigmore 29 New Inn Lane Guildford GU4 7HN Webslte: www.reskilled.or Email: info reskilled.or Reskllled REPORT OF THE TRUSTEE5 The Trustees present the annual report and accounts of ReSkilled I"The Charity") for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out on page 7 and comply wtth the charity's constitulion and applicable law Constitution and ob'ects ReSkilled was incorporated on 29 January 2019 as a Charitable Incorporated Organisation. It was set up to address a need identified in the Guildford and Woking area, which is to provide the initial part ofthe pathway into employment for people vtho have been out of work for at least twelve months and are aged between 25 and the state retirement age. Reskilled aims to promote social inclusion for this group of people by providing them with training In generic work skills. The objects of the tharity are: The promotion of Social inclusion for the public benefit by relieving the needs of those people who are socially excluded due to constraints arising from being unemployed for more than twelve months, of ages 25 to state retirement age. by the raising of their confidence and learning generlc work skills in a supported work environment, In particular but not exclusively wood workshops, to enable their rnovernent into sustainable employment. Reskilled has at its heart 3 belief that all people desep4e to thrive and to be all that God wants them to be. and that bein8 enEa8ed in fruitful activity is one of the ways of enabling those objective5. Our involvement as trustees of Reskilled is a way of working OLrt our Christian faith. Flnanclal and o eratl The building blocks are.. A suitable programme manager Funding to support the running costs of the charity so that it can run for at least six months without further funding Publicity materials to promote the actiwty of the charity and encourage support At the end of it's third trading year, Reskilled has an established business plan, has a full set of policies and procedures for safe workin& employs a suitable programme manager and developed publicity materials, and has adeq3Ute funding for the year ahead. review Current regular donations amount to nearfy £300 pm. and total donations during 2024 were £6311, including associated gift aid. This represents 2(N of total income. The trustees objective is for thi5 to be as dose to 50% as possible, but it is significant progress. The programme manager has worked with referral agencies in Guildford and Woking to identify suitable clients for the work of the charity and to establish what fundin& if any, the clients are able to brin% with them. Reskllled rend l Decernber 2024 Reserves The trustees have agreed a target level of reserves equatingto 6 months expenditure. At the end of the period the charity complied with this target. Rlsk rnana ement The Trustees actively consider the risks to which the charity is exposed and reviewthem and the mitigating actions at each meeting. The principal risks that the Trustees have identified are: Risk Impact MIt1￿tiOn Current premises are no lonEer available The charity will not be able to continue its work Seeking a range of alternative premises. Building relationships with institutional funders and individual donors to provide start-up and regular incomel Comprehensive policies and procedures are in place,. suitably trained and qualrfied individuals engaged a5 project manager and volunteers. Regular funding Is not available The charitywill not be able to sustain its work Safeguarding incident in the workshop Reputational and financial damage Trustees, res onsibilities in relation to the accounts Law applicable to charities in England and Wales requires the Trustees to prepare account5 for each financial year, which gNe a true and fair view of the chartty'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: select Suitable accounting policies and then apply them conslstently; make judgements and estimates that are reasonable and prudent; state the basis of preparation of the accounts; and prepare the account5 on the going concern basis unless It is inappropriate to presume that Approved by the Trustee5 and signed on their behalf by: Chairman Date: Reskilled Year ended 31st December 2024 I report on the accounts of Reskilled CIOforthe year ended 31 December 2024. which are set out on pages 5 to 7. Respectlve responslbllltles of Trustees and Independent Examiner The charity's Trustees are responsible for the preparation of the accounts. The Trustees consider that the Charity is eligible for exemption from audit by virtue of Section 144{21 of the Charities Act 2011 (the Act), My examination of the accounts is under Section 145 of the Act and it is my responsibility to state, on the basis of procedures speclfied the General Directions given by the Charity Commissioners under Section 145151(b) ofthe Act, whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination include5 a revTew of the accounting records kept bythe Charity and 3 comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure5 in the account5, 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 theview given by the accounts. Independent examiner's staternent In connection with my examination. no matter has come to my attention: al which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 130 of the Act: and to prepare accounts which accord with the account records and comply with the accounting requirements of the Act have not been met- or {b} to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Roy Wigmore 29 New Inn Lane Guildford GU4 7HN Date: Reskllled Year ended 31st December 2024 Ststement of Financial Artivitles 2024 2023 note Incomlng resources Grants Tax recoverable under gift aid Donations Interest earned Sales fundraising activitie5 Other income 21250 430 5881 26 1165 1767 347 21751 2790 23 747 25311 Resources expended staff costs Fitting out rent Materials & tools Maintenance Client Travel Admin costs 15266 14029 2052 2400 1537 1059 29 986 22092 2122 865 65 1807 22525 Surplus 8341 12024 3219 8805 Total funds brought fO￿ard 20365 12024 Reskilled Year ended 315t December 2024 Balance Sheet 2024 2023 note Current Assets Cash at Bank Petty cash 19843 522 11897 127 Balance carried forward 20365 12024 Represented by: Fund5 Total 20365 20365 12024 12024 Movement in funds Opening funds Surplus/deficit Closing funds 12024 8341 20365 8805 3219 12024 Wlliam Lowries Treasurer ACCOUNTING POUCIE5 l Basls of accounting The account5 have been prepared on a receipts and payments basis as permitted by section 133 of the Charities Act 2011. Accrual accounting has not been adopted. 2 Fund accounting Unrestrirted funds are those accumulated surpluses and defiats which are available for use at the discretion of the Trustees in furtheran￿ of the Society's general charitable obiertives land mav include desiRnated fvnds). Restricted Funds are those subject to specific trusts, or granted with conditk)ns that the funds be used for a specific and defined purpose. No grants with restrkCtion5 were ceived during the year. Analysis of Funds Opening Restricted Funds 465 Expendure allowable and allocated against those fvDd5 Rent 465 Closing restricted funds 2024 2023 Unrestricted funds Restricted funds Total lunds 20365 11.559 465 12,024 20365 3 Grnnts and fundrai5in8 Grant5 receivEd durin Tesco groundwork Nias Wheatley Charitable Trust Guildford Poyle Charities The Borrows Charitable Trust The Foyle Foundation Communiy Foundation for Surrr the ear: 5(KJ (2nd installment of 31 3750 12nd in5tallment of 31 21250 Donations amounted to £5811, plus gtft aid of £430. Fundraising efforts during the yearwere focussed on an electric guttar, made by Reskilled from a donated coffee tsble. This was raffled, aThY over £1700 was raised. 4 Administration costs Admin costs include the costs of insurance for the Charity and Trustees. 5 Resources expended Income and Expenditure is induded on a cash basis. 6 Related party transactions No remuneration or expenses have been paid to any Trustee or to the independent examiner.