COMPANY REGISTRATION NUMBER: 11011652
CHARITY REGISTRATION NUMBER: 1183046
GENERATION: YOU EMPLOYED, UK
Com
Limited b Guarantee
an
FINANCIAL STATEMENTS
31 December 2023

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
PAGE
Trustees. annual report (incorporating the direciorfs report)
Independent auditorfs report lo the rnember5
ststement of financial activities (including in(x)me and expenditure 8cuyJntl
stalement of financial posilion
statement of cash fflows
11
12
13
Notes lo the financial slalernents
14

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
TRUSTEES, ANNUAL REPORT
INCORPORATING THE DIRECTOR'S REPORT
YEAR ENDED 31 DECEMBER 2023
The trustees. who are also the directors for the PLJrposes of company law, present their report and the finallcial
statèmènts of the charitable company for the year ended 31 Dècember 2023 .
REFERENCE AND ADMINISTRATIVE D￿AlLs
Registered Charity name
Charity registration number
Company registration number
Prlncipal offic• and r•gi5tored Generation- You Employed. UK
office
One High Street
Egham
Surrey
TW20 9HJ
Generation: You Employed, UK
1183046
11011652
THE TRUSTEES
Oame V Y Hunt
Mr A Ratc￿ffe
Dr M Mourshed
Mr S Atcha MBE DL
Mrs AY Bentinck MBE
MrKABone
M5 E Olumide
Mr C Shaw
CHIEF EXECUTIVE OFFICER Michael Houlthan
AUDITOR
Meadows & Co Limited
Chartered Accountants & &alutory Auditor
Headlands House
1 Kings Court
Kettering Parkway
Kettering
NN15 6WJ

STRUCTURE. GOVERNANCE AND MANAGEMENT
Generation UK 15 a compavy limited by guarantee. govemed by its memorandum and articles of association dated
13 October 2017. 11 registered as a charity with Ihe Charity Commission in Juty 2019. DireCt￿S are appointed by
the board and there are currenuy eight directors.
The trustees who have served during the year and since the year-end are set out on page 1. The power lo appoint
new trustees is exercised by a majorty in number of exists.ng yustees. Where there is a need for new trustees, this
would be identified by the remaining trustees.
Trustees meet ￿guladY during the year to wJree the broad strategy and areas of activty for Ihe charity. Trustees
consider reserves and risk management pdicies and performance. The day-to-day administration of ihe charily lies
with the Chief Executive OffKer.
The trustees have examined the major strategic. business and operational risks which the charity fa￿S and
confirms that systems have been established to enable continuous monitoring of such risks so that appropriate
steps can be taken to lessen these risk5.
OBJECMVES AND ACTIVITIES
Generation UK relieves unemploymenl in England. Wales and Scoland through..
(al providing and promoting trairbing and retraining.,
Ibl facilitating access to work experience, apprenticeships and em￿OyMent opportunities-
lel providing mentoring, guidance and advice.. and
Idl providing other support.
Our Mission
We transform education to employment systems to prepare. place and support people into lrfe￿hangIng careers
that would othenvisè be inaccessible_
Our Vlslon
A Tneaningfijl career 2nd sustained welkbeing for every person anywhere.
Publlc beneflt
We have referted lo Ihe guidance containBd in the Chatity Commission's general guidaDGe publiG beTrefit when
reviewing our aims and objectives and in Erfanning our future activib'es. In particular, the trustees consider how
planned activities vrill contribule lo the aims and objeclives they sel. The objectives are outlined above in Ihe
objectives and activities section of this report.

ACHIEVEMENTS AND PERFORMANCE
Generation-. You Etnployed, UK (henceforth Generation} is a UK charity with a mission lo support people into
life-changing employmenl opportunib.es that olherwise Ihey would be unable to access.
To do so, we deliver clear pathways for people facng barriers to employment through free, profession-speafic,
train-and-place skills bootcamps with matchmade interviews lo employer partners and ongoing one-to-one
mentoring and coathing support.
Since our f*st programme delivery in 2019 through to the end of 2023. Gener8tion has SUPPOrted more than 3,000
people through boolcamps across the UK. wtth delivw acfOSS London, Greater Manchester, West Yorkshire, West
Midlands, and Scotland.
We have reached and 5UPPOrted tx)tential applicants through wide, mUlti￿aNnel outreach including via jobcentre5.
partner charilies, digltal marketing and alumnilword-o"_mouth referral.
The learners we have supported via our programmes rewesenl a diverse group of people who have fac8d
significant barriers lo employmenL To date they have been c.400h women, c.70% ethni¢ minority, ¢.20'kn with a
disability, over all ages (with 20/0 OV￿ 501, >20tyA unemployed for >12m, c.25*>/4 with dependenls15 % lone parenlsl.
c.40°A previously receivlng free schcM)Is meaPs and all with individual stories of challenges in finding work.
Through our skills bootcamps. which have been designed in collabomtion with employers, we havè focussed on
high-growth and in-demand. hard-to-fill roles in tech. such as doud computing. data engineeriryJ, data anal￿tIcS, IT
support. We also run programffles to support people into the health and care sector. as well as an emerging
portlolio of programmes in tt)e green sector. We have delNered seclor-leading job placement rates for these
learners at over 70 /0. The roles we have SLVP)rted people lito have also not jusl been 'any jobs, but good jobs,
and the stsrting point of successlvl careers. Our programmes pul graduate5 on a path to growing salaries. an
ability lo save. a means to support dependents. arKI all Ihe other benefrts that come from economic independence.
Our perfomance exceeds benchmarks. Education to employment programmes for people that are unemployed
typically deliver 2040.￿ Pla￿[￿ent.
Our leamers have also reported consistently high satisfaction. with a 60+ point Net Promoter Score INPSI, higher
wellbeing, and >90°A Istrongly) agree inslructorslmentors are high qualtylhelpful and that they are more confident
in their future. Generation, working as one combined organisation with GeneralK)n in Ireland, is part of a
mission-aligned network of 18 non*rofft affliates of Generaion= You Employed. Inc - a US non-profft - that has
supported >120,000 learners worfdwide under the same mcMJel.
In September 2023 Generation also published it's Sw'al Impact Report, tiued 'Breaking Barriers.. detailing 4 years
of impact. That report outlines an detailed and advanced review of impact, which has been well received by the
sector for a robust approach to Impact evaluation. demonslraling sector-leading Impact. The full retJ)rt is available
here https..
That report also outlines OLbr partners and funders who have ena￿￿ed us to deliver this important work, and lo whom
we would like to restate our deepest thanks and appreciation.
Looking fonvard: the n8ed
We see extensive and growing need for peO￿e who are unemployed and undèr-employed across the UK. At the
end of of 2023 there were more than 1 m unemployed people in the UK, and facing signifunl ba￿lers. There
has also been a growing number of people dassified by 'inaetive' in govemment statistics, bLrt whom respond via
suNeys that they are actively inleresled and k)oknng ff

work. In lolal then we believe there are several million people across the UK who siand to benefit from
education-to-employment programmes such as that offered by Generation.
Unemployment is also disproportionately experienced by ￿ri81n groups wth huge variances. For example young
people. ethnic mir￿111es. those with disabilitEs or wiihoul degrees are Iwice or more as likely lo be andlor remain
unemployed. There are also c.0.8m young people aged <24 Nol in Education. Employment or Training INEETI.
And at the same lime, the￿ are >1 m vacanaes in the UK, with many new, exciting, well-paid jobs being created in
growth sectors,. enough lo support everyone into work.
Despite this. businesses of all sizes COllSiStently struggle to hiie. And when they do hire, tradttional channels
overfook key groups and under-representalion persists- only a 5th of tech sector workers are women or ethnic
minorities
Beyond this, many who do find wort( find Kmxjr. low-skill. k)w-pot8nlial work as 1 in 8 remain in in-work poverty and
the cost of living crisis drives more into poverty. disproportionately affecling those on low incomes. And the result is
continuing. entrenching social immobility 2nd inequality (disproportionate in the UK relative to its peers)
Thts underscores the reality". Ihere is a very large and clear skills gap auoss the UK. There are not enough people
trained in the skills employers need.
Existing and fflainslream skilling inib'atives are still rx)t sufficEnt to solve these challenges with success at scale.
Multiple initiatives and varied provision have been invesled In at scale over the last 10 years, bul have typically
seen low job outccffies and have not sufficienly addressed the gap. Nor are most well placed lo address the
emerging and growing gaps in new sertors
Generation seeks to make a significanl contribution to this problem. building on our learnings and success8S to
dal8. W8 $88 th8 need, and the OPFM)rtunity, to support many p8ople facing barrièrs to 8mployment into
life-changing careers that otherwise wnay be inaccessible to them.
We have been delighted to be part of the Department for Education's exploration and subsequently scaling of the
flagship Skills 8ootcamp pdicy. Indeed, Generation has become the largest charity working with the government
on this critical initiative. With £1.5bn pledged to that policy over 6 years. from 2022-2028, there is sufficient funding
to train s8veral hundred thousand people. Generation are proud of it's role in damonslrating the polenlial of this
mC￿e1. and our owoing rde in delivering under Ihis Fk)licy.

FINANCIAL REVIEW
Total incorne for the year ended 31 December 2023 was £4,942.418 which had grown significantly from 2022
income of £4,782.409. Growth in income was driven by increases in govemmenl fLJnding through the completion of
two large ESF contracts. growing commissioning from the Department for Education. and contracts with local
govemmenl in Scotland. Income also grew from Cort¥Nale Social Responsibilrty funding. creating a balanced and
Sustainable model.
Total spend for the year ended 31 Decerrt)er 2023 was £4.932.927 12022-. £4.780.6661. Spend increased to
support the significant scale up of the charity- Increase in costs was largely in staff costs as thè team size grew to
an average of 74 employees in 2023 (2022= 691 lo sJptMM the in￿eased adivity- Contractor costs also increased
as we used some outsourced instructors and wnentor£ alongside own staff for some of the newer prograwnme5.
The net financial result for the year was a surplus of £9,491 12022= £1.7431-
At the year-end lolal reserves amounted to £565,971 12022". £556,480) and ￿MpriSed unrestricled reserves of
£387,96912022.. £556,480) to be used t9 5UPPOrt the charivs charitable activikne$ and iestriGted ￿8￿rveS to be
expensed on a specific purpose of £178.00212022.' £nill
Cash balances are slrong with a year end cash balance of £1.489.732 (2022.. £941.137)
Re$er¥es policy
The Trustees have reviewed the reserves p)licy and agreed Ihal a figure of 2 months operating costs is an
appropriate level of free reserves. The level of reserves al the end of 2023 was above this.
As the orgarbisation grows the ie5erves wlicy wll be reviewed to ensure it is still appropriate.
PLANS FOR FUTURE PERIODS
Looking fonvard: Generation's role
Folowing a successful and impactful 2023, we are ambitious for wh3t we can achieve goirhg forward. Generation
aims lo be Ihe leading charity provider of skn.lts bootcamps acrDSS the UK. as rneasured by scale and by impact. We
will continue to support people facing bamers to employment across the UK, Our approach and framework to
maximise impact was significantly enriched and deepened over 2023 thanks lo the support of our parnters, and our
collaboration with Impetus - a leading organisatTron that works With the best tharitie5 in the UK to idenlrfy ways to
scale and increase impacl.ln doing so we hope to wider awareness of the challenges, opportunities and inspire
mtxe action and changes in the system.
We set ambitious targets for our i)wn delivery using a framework desI￿ed to maximise impact.
That specifically sets targets for our..
Breadth ot impact: how many learners we 9JPPOrt
Depth of impad.. the impact we have wtth Ihose pwple over Ffr12 months in temis of job OLrtcomes and stsrting
salaries
Durability of impact: the longer temi impact measured by job retention. progression. and improvements in
personal and financial well being
We also tsrgel serving a dThierse set of leamers who are f￿Ing specific and prominent baryiers lo employment
ac¥oss the UK.
Achieving these goals. and erealing this impacL requires us to build a strong organisatK)n. As such. we also have a
sel of largels around organisalional strength, and financial resilience.
TRUSTEES. RESPONSIBILITIES STATEMENT
The trustees, who are also directors for Ihe purposes of company law. are ￿ponSIble for preparing the trustees.
report and the financial statements in accordance wth applicable law, and United Kirbgdom Accounting Standards
(United Kingdom Generally Accepted Actx)unting Practice). Company law requires the charitable company tmstees
to prepare financial slalemenls for each year which give a and fair view of the stale of affairs of the charitable
company and the incoming resources and application of reswrces, ircluding the income and expenditure, for that
period. In preparing these financial statemenls, the trustees are required to..
select Suitable accounting policies
and then apply them consistently- obseNe the methods and prinCip￿S in the applicable Charities SORP- _ make
judgments and accounb'ng estimates thal ar8 reasonable arml prudent.. prepare the financial stalem8nts on th8
going concern basis LJnle5S It is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accountirg records that are sufficient lo show and explain Ihe
tharilable companls transactions and disclose with reasonable accuracy at any time the financial position of the
aritable ¢ompany and eneble them to ensure that the ffinan(xal statements ¢omply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevention and delection of fraud and other i￿egUlaritieS.

AUDITOR
Each of the persons who is a trustee al the dale of approval of this report confirms that:
so far as they are aware. there is no relevant a￿111 inforniation of which the charitable company's auditor is
unaware- aT)d - they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charttable C4)Mpan￿S auditor is aware of that infomialion.
SMALL COMPANY PROVISIONS
This report has been prepared in accorda￿ with the provisions applicable to companies entiued lo the small
companies exemption.
The trustees. annuJ report was approved on 24 Juty 2024 and signed on behaf of the board oftrustees by:
Darne V Y Hunt
Trustee

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GENERATION: YOU EMPLOYED, UK
YEAR ENOED 31 DECEMBER 2023
OPINION
We have audited the financial statements of GeneratrJn-. You Employed, UK {the 'chaTitable companVI for the year
ended 31 December 2023 which comprise the stalemenl of financial activilies (including income and expenditure
accounll. statement of finanoal p￿tiOn, statement of cash flows arvj the related notes, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United KiNgdom Accountirbg Slandards. induding FRS 102 The Finanoial Repotting Standard
applicable in the UK and Republic of IrelarKI (United Kingdom Generally A(xepted Accounting Praclicel. In our
opinion the financial statemenls= give a true and fair view of the state of the charitable company's affairs as at 31
December 2023 and of its incoming resources and applicakn'on of resour￿$, induding its income and expenditure,
for the year then ended,. have been properfy prepared in ￿ordan￿ with United lQ"ngdoffl Generally Accepted
Accounting Practice., - have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordan￿ with Inlemal onal Stsndards on Audits'ng IUKI IISAS IUKI} and applicable
law. Our responsibilities under those stsndards are further described li the audilorfs responsiblibes for the audil of
the financial slalements sedion of our report. We are independent ol the charitable company in accordance with
the ethical requirements that are relevant lo our audit of Ihe financi81 statements in Ihe UK, including the FRC'S
Ethical Standard, and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We
believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial stalernents. we have concluded that the trustee5' use of the going concern basis of
accounting in the preparation of the financial staternenls is appropriate.
Based on the work we have perfomied, we have not idenlffied any material Un￿rtaInlieS relating to events or
conditions Ihat, individually or collectively, may cast s gnificant doubt on the charitable cornpany's ability lo continue
as a going concern for a period of at least twelve month5 frortb when the financial statement5 are aulhorised for
issue.
Our responsibilities and the resportsibilities of the lryslees wilh respect to going concern are described in the
relevant sections of this report.

OTrIER INFORMATION
The other information comprises the infomiation incfuded in ihe annual report. olher than Ihe financial statements
and our auditor's report Ihereon. The trustees are responwble for Ihe other infomialion. Our opinion on the fir)ancial
statements does nal cover the other information and. except to the extent otherwise expliciuy Stated in our report,
we do not express any form of assurance conclusion thereon. In connection with our audit of the financial
statements. our responsibility is to read the other information and. in doing so. consider whether the other
information is materially inconsistent with Ihe financial statements or our knowledge obtained in the audit or
otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misststements, we are required lo delermine whether Ihere is a material misstatement in the financial statements
or a material misstatement of the olher information. If. based on the work we have performed, we conclude that
there is a material misstatement of this other information. we are required to report that fact. We have nothing to
report in this regard.
OPINIONS ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the ￿urse of Ihe audit-
the information given in Ihe trustees, report for the financial year for which the financial statements are prepared is
consistent with the financial statements,. and
- the truslees. report has been prepare(l in accordance with applicable legal requiremenls.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understsnding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstatements in the trustees. report. We have nothing lo report
in respect of the following matters in relation lo which the Companies Act 21K)6 requires us to report to you if, in our
opinion-
2dequ2tè accounting recx)rds have nol been kept. or retLJms adequate for our audit have not been
re￿iVed trom branches not visited by us., or - Ihe financial slatemenls are nol in agreement with Ihe accounting
re¢ords and returns.. or - certain disdosures of trustees, remuneration specified by law are not made., or - we have
not received all the infomiatDn and explanations we "equire for our audit.. or- the trustees were not enlilled to take
advantage of the small companies. exemptions in preparing the directors. report and from the requirement to
prepare a strategic report.
RESPONSIBIUTIES OF TRUSTEES
As explained more fully in the trustees, restx)nsibilib"es statement, the trustees (who are also the directors for the
purposes of company lawl are responsible for the weparatson of the ffinancial 5talernent5 and for being satisfied
that they give a true and fair view. and for such intemal conlrcA as the Iruslees delemiine is necessary to enable Ihe
preparation of financial statements that are free from material misstatement. whether due to fraud or error. In
preparing the financial statements. Ihe trustees are responsble for assessing the charitable company's ability to
continue as a going concem. disclosing. as applicable. matters related to going concern and using the going
concern basis of accounting unless the trustees erther intend lo liquidate the charitable ciNnpany or lo cease
operations, or have no realistic altemalive bui lo do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUD￿ OF THE FINANCIAL STATEMENTS
Our objectives are lo obtain reasonable assuiance about whether the finanGial statetnevls as a whole are free from
material misstalernenl, whether due to fraud or err(Y. and to issue an aLJdrtor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is nct a guarantee that an audit conducted in accordarice
with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or
error and are considered material if. individually or in the aggregate. Ihey could reasonably be expected to
influence the economic decisions of users taken on the b8sis of these financial slalements. Irregularities. including
fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our
responsibilities, outlined above, to detect material misstalemenls in respect of irregularities, including fraud. The
extent to which our priKedures are capable of detecting irregularikneE including fraud is detailed below.. We have
undertaken high level reviews of the results and position of the -harity for the year in question, and have
considered the effects of the industry and wider economy on the company. We have made enquiries of
management regarding the Gharitys own risk assessment priwlures and 8ny idenlified irregulaiilies, including
fraud. identified in the year. We have used our knowledge and Unde￿landing of the charity's business. including
the remuneration ol key management personnel, to assess how an¢J where irregularflies, Including fraud. might
arise and we have planned our lesling using a risk based approach. We have considered the potential for
irregularits'es. including fraud. in all our testing Iwt have also carried out specific tesling to comply with the ISA IUKI
requirements regarding management override of controls. A5 part of an audit in accordance with ISAS IUKI, we
exercise professional judgment and maintain professional scepticism throughout the audit. We also.. _ Identify and
assess the risks of material misstatement of the financial slalements, whether due to fraud or error. design and
perform audit prOc￿l￿re$ responsive to those risks. and obtain audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not delecliig a malerial misstatement resulting from fraud is higher than
for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentslions. or
the override of internal control. - Obtain an uiderstarding of intemal control relevant to the audit in order lo design
audit procedures that are appropriate in the circumstances. bul not for the pUr￿se of expressing an opinion on the
effectiveness of the internal control.
Evaluate the appropriateness of accounlj'ng policies used and the
r82sonableness of accounting eslimales and related discosures made by the trustees.
Conclude on the
approprialene55 of the trustees, use of the going concem basis of accountiru and, based on the audit evidence
obtained. whether a material uncethnty exists related lo evenls or conditions that may cast significant doubt on Ihe
tharitable companls ability to continue as a going (xjncem. If we Cl￿dUde that a material uncertainty exists, we
are required to attention in our auditor's report to the related disdosures in the financial stalemenls or, if such
disclosures are inadequale, lo modify our opinion. Our concI￿lOnS are based on the audit eviden￿ obtained up to
the dale of our auditorfs retx)rt. However, fulure events or ￿￿dItiONS may cause the charitable company lo cease
to continue as a going concem.
Evaluate the overall presentation. structure and content of the financial
statements, including Ihe disclosures, and whether the financial statements represent the underfying transactions
and events in a manner that achieves fair presentation. We communicate with those charged with governance
regarding. among other matters. Ihe planned scope and liming of the audit and significant audit findings. including
any significant deficiencies in intern￿ control that we ￿￿entIfy during our audit. USE OF OUR REPORT

This report is made solely lo the charitsble companys memlxrs, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audil work has been undertaken so that we might stale to the charitable
companys members those matters we are required to slate lo them in an auditorfs report and for no other purpose.
To the fullest extent permitted by law. we do not accept or assume responsibility to anyDne other than the
charitable company and the charitable company's members as 8 body. for our audit work. for this report. or for the
opinions we have lomied.
David Kelland FCA
{Senior Stalulory Auditor)
For and on behalf of
Meadows a Co Limited
Chartered Accountants & Statutory Auditor
Headlands House
1 Kings Court
Kettering Parkway
Kettering
NN15 6WJ
25 July 2024

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUN
YEAR ENDED 31 DECEMBER 2023
2023
2022
Unrestricted
ftjnds
Rèstricted
funds
Total funds
Total funds
Income and endowments
Donations and legacies
Charitable aclivities
195.808
216.437
4,557.387
111,2501
4.753,195
205,187
4.323,346
459,063
Total income
412.245
4,546.137
4.958.382
4.782,409
Expenditure
Expenditure on raising funds-
Costs of raising donab'ons and
legaaes
Expenditure on charitable activities
84.338
4.267.833
84,338
4.867,729
44,853
4.735,813
599.896
Total expenditure
599.896
4.352.171
4.952,067
4.780,666
Net income and net movement in funds
1187.6511
193.966
6.315
1,743
Reconciliation of funds
Total funds brought forward
556.480
556.480
554,737
Total funds cathed forward
368.829
193,966
562,795
556,480
The statement of financial activitie5 includes all gains and loY&es re￿)gnised in the year.
All income and expenditure derive from continuing aGtivtbes.

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
FIXED ASSETS
Tangible fixed assets
CURRENT ASSETS
Debtors
13
68.976
106,349
14
457.513
1.489.732
753,349
941,137
Cash al bank and in hand
1.947.245
1,694.486
CREDITORS: amounts falling due within
one year
1S
1.453.426
1.244.355
NET CURRENT ASSETS
493,819
450,131
TOTAL ASSETS LESS CURRENT LIABILITIES
562,795
556,480
FUNDS OFTHE CHARITY
Restricled funds
Unrestricted funds
193,966
368,829
556,480
Total charity fund¥
17
562,795
556,480
These financial stalements have been prepared in accordance with fv provisK)ns applicable lo companies subject
to the small companies, regime.
These finanGial statements were approved by the board of trustees and aulhorised for issue on 24 July 2024 and
are signed on behalf of the board by..
Dame V Y Hunt
Truste8

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2023
20Z3
2022
CASH FLOWS FROM OPERATING ACTIVITIES
Nel income
6.315
1,743
AdjuSt￿entS for..
Depreciation of tangible fixed assets
Interest payable and similar charges
Changes in..
Trade and other debtor5
56,469
12,601
42,011
16,810
295,836
50.651
77,860
234,952
Trade and other creditors
Cash generated trom operations
Interest paid
421.872
373,376
{ 16.8101
(12,601)
Nel cash frorn operating actNities
409,271
356,566
CASH FLOWS FROM INVESTING ACTIVIMES
Purchase of tangible assels
{ 19,096) 1101,7921
Nel cash used in investing ￿li￿￿e5
{ 19,096) 1101,7921
CASH FLOWS FROM FINANCING ACTivrnES
Proceeds from borri)wings
Proceeds from loans from group undertakings
445,581
1123,5951
1287,1611 1308,2461
Nel cash fromllused in) financing activities
158.420
1431,8411
NET INCREASEI{DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
548,595
941.137
1177,0671
1,118,204
CASH AND CASH EQUIVALENTS AT END OF YEAR
1.489.732
941,137

GENERATION: YOU EMPLOYED, UK
COMPANY LIMITED 8Y GUAFtANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The charitabl& company is a public ertity and a private company limiled by guarantee. Tegistgred in England
and Wales and a registered charity in England and Vlales. The address of the registered office is Generation.. You
Employed, UK. One High Street: Egham. Surrey. TW20 9HJ.
2. STATEkfjENT OF COMPLIANCE
Thes& financial stalements have b88n prepared in compliance with FRS 102. 'The Financlal Reporting Standard
applicable in the UK and the Republ￿ of Ireland. issued in or.ober 2019, the Staternent of Recommended Piaclice
applicable lo charities prepanng their accounts in accordance wilh the Finanaal Reporting Standard applicable in
the UK alld RepLJblic of Ireland (FRS 102) {Charities SORP IFRS 102)) and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial slalernellts have b￿n prepared on the historical cost basis. as rrKKlified by the revaluation of cerlain
financial assets and liabilities and inveslmenl properknes measured at fair value Ihrough income or expenditure.
The financial staternents are prepawl in steding, which is the functional CUrre￿Y of the entity.
Going concern
Ggneralion maintains an annual budget for income and costs, which at this point extends through to December
2022 and a 12-month cash flow forecast which extends to May 2023. The 2022 budget outlines a plan with
sufficient capital to support the planned expansion. whilst operatiwvJ with reserves in line with the company's
reserves policy. Much of the funding required to support expansion is now already secured. Generation also
continues lo submit additional funding appli(3tions. which will likely result in additional capital for existing and new
provisions, again providing more cash cover. As such. we co￿lUde that rt is appropriate to prEpare the accounts on
the going con￿rn basis.
Judgements and key sourees of estimation uncertainty
The preparation of the financial slalements requires management to make judgements, estimates and assumptions
Ihat affect the amounts reported. These eslimales and judcements are conlinually reviewed and are based on
experien￿ and other factors. including expectations of fvlvre events that are believed to be reasonable under the
circumstances.
Foreign currencies
Foieign currency transactions are initially recorded in the functional currency. by applying the 5POt exchange rdte
as at the dale of the transaction. Monetary assets and liabilities denominated in foreign currencaes are translated at
the exchange rale ruling at the reporling date, with any gair6 or losses being taken lo the ststemenl of financial
activities.

Fund accounting
Unrestricted funds are available for use at the discretion of the truslees to further any of the charity's purposes.
Desigr)aled fLJnds are unreslricled fvnds earmarked by the tnjstees for particular future project or commitment.
Resthcted funds are subjected lo restricbons on their expenditure dedared by the donor or through the terms of an
appeal. and fall into one of two sub-dasses". restricted income lunds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has Passed to the charity, il is
probable that the economic benefrts associated wtlh the transaction will flow to the charity and the amount can be
reliably measured. The following specific policies are applied to particular ￿tegOrieS of income..
income from
donations or grants is recognised when there is evidence of enlttlemenl lo the gift. receipt is probable and ils
amount can be measured reliably.
income from dorated wods is measured at the fair value of the goods unless
this is impractical to measure reliably. in which case the value is derived from the cost lo the donor or the eslimaled
resale value. Donated facilrties and services are recognised in the accounts when received rf the value can be
reliably measured. No amounts are Included for the wnlribul#)n of general vdunteers. income from ct)ntracls for
the supply of 5eTvices is recognisel with the delivery of the contracted service. This is classified as unrestricted
fur￿5 unless there is a contractual requirement for it lo be spent on a particul& purpose alld relumed rf unspent, in
which case il may be regarded as reslricled.
Re$ource$ expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannol be fully recovered, and is classified under heajings of Ihe slatemenl of financial activities to which il relates..
expenditure on raising lunds indudes the costs of all fundraising activities, events, non-chari18ble trading
activities. and the sale of donated goods_
expenditure on charilatrAe activilies includes all costs incurred by a
charity in undertaking activities that fvrther Ils charitable aims lor the benefit of ils beneficiaries, including those
support costs and costs relating to the governance of the charity apwrtioned to charitsble activities.
other
expenditure includes all expenditure that is neither related to raising fijnds for the charity nor part of ils expenditure
on charitable activities.
All costs are 211oealed to expenditure categories ref ecting the u9e of the resource. Direct costs attributable lo a
single activity are allocated directly to th81 activity. Shared costs are apportioned between the activities they
contribute lo on a reasor)able, juskn"fiable and consislent basis.
Tangible assets
Tangible assets are initially recorded al cosL and subsequenuy stat￿j at cost less any accumulated depreciation
and impairrnent losses.

Depreciation
DepreG13t1￿ is calculated so as to write off the or valuation of an asset. less its residual value, over the useful
economic life of that asset as follows=
Plant and machinery
Impainnent of fixed assets
A review for indicators of impairment is carried out al each reporting date, with the recoverable amount being
esb"maled where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is
impaired accordingly. Prior impairments are 81so reviewed for possible reversal at each reporb.ng dale.
Foreign currency
Foreign currency transactions are iniknalty recorded in the function21 eurreney. by applying the spot exchange rate
as at the dale of the transaction. Monetary assets and liabilities denominated in foreign currencies are translate¢J at
the exchange rale ruling at the reporting dale. with any gairts or losses being taken lo the statement of financial
activities.
Flnanclal Instruments
A financial asset or a financial liatilily is recognised only when Ihe entity becomes a party lo the contractual
provisions of the instrument. Basic ffinancial instruments are irmtially recognised al the amount receivable or payable
including any related transaction costs, unless Ihe arrangement constilutes a finan¢ing transaction, where il is
recx)gnised al the present value of the future payments discounted at a market rate of interest for a similar debt
instrument. Current assets and current liabilib.es are subsequenuy measured at the cash or olher consideration
expected lo be paid or received and not discounted.
Defined contribution plans
Contributions to defined contribulion plans are recognised as an expense in ihe period in which Ihe related sernice
is provided. Prepaid contributions are wognised as an asset to the extent that the prepayment wdl lead lo a
reduction in future payments or a cash refurKI. When cOntrib￿lOnS are not expected lo be settled wholly within 12
months of the end of the reporting dale in which the employees render the relaled service. the liability is measured
on a discounted p￿sent value basis. The unwinding of the discount ts recognised as an expense in the period in
which it arises.
4. LIMITED BY GUARANTEE
The company is limited by ￿arantee. The sole member of Ihe Charity has agreed to contribute to the assets in the
event of a deficiency on winding up of an aTTK)unt not exceedirvJ £1.
33¥0 straight line
5. DONATIONS AND LEGACIES
Unreslricte
Funds
Restricled Total Funds
Funds
2023
DONATIONS
In kind contributions from donc
146,483
96.100
242.583

GRANTS
Corporate and Business Grants
Foundation and Trust Grants
13.431
2.153,326
2.294.530
13,431
2,153.326
2,294.530
Goveinment grants
OTHER DONATIONS AND LEGACES
Other income
49,325
49.325
195.808
4,557.387
4,753.195
Unresthcted
Funds
Restricted
FurKJs
Total Funds
2022
DONATIONS
In kind contributions from donc
246.014
246,014
GRANTS
Corporate and Business Grants
Foundation and Trust Grants
Government granis
OTHER DONATIONS AND LEGACES
Other income
47,919
177.210
2,228,575
1,462.494
225,129
2,228,575
1,462,494
161.134
161,134
209.053
4.114.293
4,323,346
Generation." You Employed. UK is grateful to Wework for the dOnat￿j services in respect of rent durirng the year
tolalling £246,01412022.' £155.6641.
. CHARITABLE ACTIVITIES
Unreslricted
Funds
Restrided Total Funds
Funds
2023
Empbyer income
216.437
{ 11,2501
205,187
Unrestricted
Fund5
Restricted
FutKIs
Total Funds
2022
Employer inc4)me
447.813
11,250
459.063
7. COSTS OF RAISING DONATIONS AND LEGACIES
Restricted Total Funds
FJnds
2023
Restricted
Funds
Total Funds
2022
Costs of raising donations and legacies-
Grants receivable
84,338
84.338
44,853
44.853

8. EXPENDITURE ON CHARITABLE AcTIV￿lEs BY FUND TYPE
Unrestricted
Funds
Restricled Total Funds
Funds
2023
Overheads
Supwrt costs
78,423
521,473
754.156
3,513,677
832,579
4,035.150
599.896
4,267,833
4,867,729
Unrestricted
Funds
Restricted
Furyjs
Total Funds
2022
Overheads
Support costs
84,6
355.742
793.637
3,501,744
878.327
3,857.486
440.432
4,295,381
4,735.813
9. EXPENDITURE ON CHARITABLE AcTIV￿lEs BY ACTMTY TYPE
Aciivltbes
undertaken
directly Support costs
Totsl funds
2023 To181 fund 2022
Overheads
Governan￿ costs
832,579
3,799,720
235.430
4,632,299
235.430
4,452,131
283,682
832.579
4,035,150
4.867,729
4.735,813
10. NET INCOME
Nel income is slated after chargingl{creditingl:
2023
2022
Depreciation of tangible fixed assels
Foreign exchange differences
56,469
12,709)
42,011
291
11. STAFF COSTS
The total staff costs alld employee benefits for the reporting period are analys￿ as follows..
2023
2022
Wages and salaries
Employer ts)nlributions to pension plans
3.262.696
2,876.271
69.036
3.262.696
2,945.307
The average head counl of employees during the year was 74 (2022= 68 ). The average number of full-llre
equivalent employees during the year is analysed as fdlows".
2023
2022
No.
No.
Management
Programrne delivery
Support functions
63
56
74
69

The number of employees whose remuneralio)n for the year fdl wilhin 1he following bands. were:
2023
2022
No.
£70.000 to £79.999
£260,000 to £269,999
For both years the above disclosure includes 1 member of stsff employed by Genefalion Global bLrt processed
through the UK payroll and the cost 15 recharged to Generalion Global.
Key IAanagÈment PersonnÈl
Key management personnd include all persons Ihal have authority and responsibility for planning, directing and
controllillg the acbvilies of the charity. The total compensab.on paid to key management personnel lor services
provided lo the charity was £265,41712022.. £274,984).
12. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the
trustees.
One trustee claimed and had their travelling expenses reimbursed of £Nil (2022.. £431.
13. TANGIBLE FIXED ASSETS
Plant and
machinery
Cost
At 1 January 2023
Addits'ons
175,913
19,096
At 31 December 2023
195,009
Depreciation
At 1 January 2023
Charge for the year
69,564
56,469
At 31 D￿embOr 2023
126,033
Carrying amount
At 31 December 2023
68,976
At 31 December 2022
106.349
14. DEBTORS
2023
2022
Trade debtors
86,712
79.140
261.219
30.442
656.924
30,995
25.835
39.595
Amounts owed by group undertakings
Prepayments and accrued income
Other debtors
457.513
753.349

15. CREDITORS: amounts falling dug Within ong ygar
2023
2022
Bank loans and overdrafts
532.553
14.729
44.319
83.564
778,261
86.972
7.473
331.480
88.199
730.231
Trade credf(ors
Amounts owed to group undertakings
Social security and Dlher taxes
Other creditors
1.453,426
1,244.355
16. PENSIONS AND OTHER POST REnREMENT BENEFITS
Deflned eontributlon plans
The amount recognised in income or expenditure as an expense in relalion lo defined contribution plans was £Nil
12022.. £ 69,0361.
17. ANALYSIS OF CHARITABLE FUNDS
Unrestrlcted funds
At 1 January
2023
At31
Transfers Decem￿r 2023
InrA)rne
Expendtlure
General funds
556.480
412.245
(599,8961
368,829
At 1 January
2022
At 31 December
2022
Income
Expenditure
Tr￿SferS
General funds
370.515
(440.432)
{30.4691
556,480
Restricted funds
At 1 January
2023
At31
Transfers December 2023
Income
Expenditure
Restricted Funds
4.546.137
14.352.171)
193,966
At 1 January
2022
Al 31 December
2022
Inu)me
Experiditure
T￿Sfe
Restricled Funds
184.222
4.125.543
{4.340.234)
30,469
The application of the al)ove reserves is restricted to the charitable objectives of this Company.

18. ANALYSIS OF NET ASSEfs BETWEEN FUNDS
Unrestricted
Funds
Restricled Total Funds
Funds
2023
Tangible fixed assets
Current assets
68,976
1,232,456
1932.6031
68,976
1,947.245
11.453,4261
714,789
1520.8231
Creditor5 less than 1 year
Net assets
368.829
193,966
562.795
Unrestricted
Funds
Restricted
FuThYs
Total Funds
2022
Tarbgible fixed assets
Current assets
106.349
953,126
{502.9951
106.349
1,694,486
11.244,3551
741,360
{741.3601
Creditors less than 1 year
Credilors greater Ihan 1 year
Net assets
556,480
556.480
19. ANALYSIS OF CHANGES IN NET DEBT
At 31 Dec
2023
At 1 Jan 2023 Cash flows
Cash al bank and in hand
Debt due within one year
941.137
{418.4521
548,595
1158.4201
1.489.732
{576.B72)
522.685
390.175
912,860
20. RELATED PARTIES
There were no related party transact'ons olherthan th()5e disck)sed wilhin these accounts that require disdosure.
21. PERSONS WITH SIGNIFICANT CONTROL
The immediate parent undertaking is Generation.. You Employed. Inc.. a Charity incorporated in the US. by virtue of
its sole fflembership of the company. The parent's principal purpose is to empower y(xJng peq)le to build thriving.
sustainable careers through delivery of education and training developed with potential employers. Control is
exercised by the parent thrr￿gh appointing it's own Chief Execulive Officer as a diredor and trustee of Generation=
YOLJ Employed. UK The consolidated accounts that indude this charity can bè oblainèd from 1616 H_ Street NW
Surte 820 Washington. DC 20006.

This document was delivered using electronic communications and authenticated in accordance with ihe
registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of
the Companies Act ?006.