FESP REPORT OF THE TRUSTEES AND uAuDITED FINANCIAL STATEMENTS FOR THE YEAR EYDED 31 MARCH 2024 FOR FURNESS EDUCATION A.YD SKILLS PARTNERSHIP Furness Education and Skills Partnership Barrow 151and Community Primary School Trinity Street Barrow-in-Furness LA14 25J wThTrv.fesp.org.uk
FURfiESS EDUCATION AND SKILLS PARTIIERSHIP REFEREI%CE AND ADIIINI.STRATII'E DETAILS FOR THE YEAR ENDED 31 IIARCH 2024 FESP Chrli) wlsirnilott number: 1183085 (England and Walesl Barro¥ Island Primary SclM)oI Trinity Sirtti Barrow-in -Furne55 Princi1 addre LA142SJ Trustees Jayn¢ Moojby (Chairl Janci Dixon ITrcasur¢r) Simon Crai¥ IS¢Yr¢tsryl Memhl'r snrt K105inski Mark Nicholson Rdchelle Poynz Independeni Exgmlntr Mr P Homby FCA JFHomby&Co Chart4rd A¢¢()unian The Tower Dalionga Busine55 Centrc Daliongalc Uli'cr¥lon Cumbn# LA12 7AJ Bhnki¥rs ThL c(WratIve Ilank MartLhe%ier MM>4EP CO.YTEliTS OFTHE FINAliCIAL STATEMENTS Contents PAge Report of the Trustees R¢¢¢ipts and Paym¢ntsA¢rounts and Statem¢nl of AlS ar Liabilili¢5 Indepcndeni Examincrfs Rqrt
FURfESS EDUCATION AND SKILLS PARTISERSHIP REPORT OFTHE TRL8TEES FOR THE YEAR ENDED 31 MARCH 2024 FESP The trustees pr¢t their rq with the accounts of the cbarity for the yeareDtsJ 31 Marrb 2024 wbich are ppared oll a reccipts and payments b&%is. ORJECTIN.'ESANDACTIVITIES Objectives aim5 ThL chariry'.% objecL% are to act a5 a r¢source for young peopl¢ living in Fume&4 and the surrour¥Jing areas by PTovidinB wjvice and assistsnce and or8anisin8 Programmes of physical. educaiional and oiher aeiiviiies as a means of.. al advanLing in lite and helping young p1¢ by developing their skills. ¢api¢LIL¢S and ¢apabiliiies to ¢nabl¢ them lo parlL¢iP81¢ in Sl¢4Y a8 Indend¥'n matur¢ aNI r¢sponsibl¢ individual$: b) advancing cducalion- c) Teliei'ing unemployinent. The charity's actjliiics are dcsi8ned io.. equip local young ]wple lIh knowledg¢. 8kill$ and aspirniions relevant 10 a ¢omp¢tiiive 21 c¢r)tury markct- placc ¢nabl¥ and drive ¢ni¢rpris¢. innovalion and long-i¢rni growth in th¢ lo¢al. r¢gMJn8J and naiion81 ¢¢onomy OUT ailivili¢s build a bdlanLed and etTeLiive IoLal eduLaiion and business partnership Tai8e AwaTcne&q ofpotential Cartcr paihway8 for youn¥ people. noi Mly in the min¢lq of young nple thcm%L'Ivcs. but also in the mind5. of thciT Icachcrs and iheir parents Ihrough Projec and aciivities delii'ered in ponncr4hip with I1 ¢mploy¢TS1¢¥7 Buildin¥7 MJ Skills probTrrnmm¢ from Key l - Key StobDe 41 irtLrca&e young pcoplc 4 ay>irnlions by making learning eXien11aI. Ihus removing barriers such as jack of self. b¢liet'. loik ot'prn)tL'SSLonal 01cC eic le.g. Hoppy & HL'8lihy Llfesivles Projecil provid¢ ¢urr¢ni, r¢'al.WOTld applild leamin¥ orwrtunili¢s for y(Trun¥ xIpl¢ in 811 Ihr¢'¢ &U¢3170n phaw% whiLh IllLWse4 en¥a%ement as leurniTh¥ hH% pury)pse le¥ Ilarrow & Di.4lTicI A$wcialion of F.ngineer% Prii.e Slheinel devclop iho%c transferable skills i%'hich will aid y()un8 rKoplc ai key transition points in thcir education and into Ihe world of w'ork (¢8 und¢rpin aciLVLli¢ it) all proj¢¢ii wilh k¢y 1¢8rning 8nd ¢mployabiliiy %kills1 aid in ihe dLvelopmenl of well-inforn)ed. work-ready and employable youn8 rthple and proiidc Ihcm with a rrf)rttoliu of valuable experienLe% and a profes5ional v¢Kabu Publ1¢ btneflt Whln plannin¥ armi priprili$in¥ proj¥cLs, tnLStx4 rcvicwd thc guidanc¢ by ihc ch&rily rommiRsipn on puhlic bcncfil. AC.HIEI'EME%T AID PERFOR1.1CE Chrlt#ble r¢lvltles OvLr lh¥ past y¥ar. ihariiy has mad¢ signifiiani pniw¢s5 in Fx)Ih vp¢rdiivnal d¢v¢lopm¢tti and iDmmuniiy inipd¢l. WL hdve undertaken exien%ive wi)rk 14) siren¥ihen our governance frarnework. ensuring ihal we otrd* wilh ihe hibthe%i %12ndards or accounlabiliiy and transparency. l)ne of 4)ur key achiei'emenLS in this area wa% the implemenialion ot. Xem sntlwaTC 10 manage our finanee%. This hag qlreamlined our accouniing pesSeS. eThhanced financial 1ranspareY. and improved resource allocaiion. By adopiin8 thi% Icchnolo8y. we havc SlTcn8ihcncd our financial mana8cmcni. makin8 morc etTicieni and bciicr cquippcd to SUPPOrt our corc aclivitiL%. We have iOlliJnu¢d 10 build strong pam¢r5hips with lo¢al xknols. edu¢aiityn pn)Vi4kr5. aNI th¢ business ¢vmmuniiy. The¥¢ collaborniions havL Lxpanded our rL'ach and dLyTh.d our impact. allowit)¥ us io en¥a¥L more L(YeLiivcly wilh yowig PLi)pIL. Our partnerships hai'c been instrumenLg1 in fostering a neN'ork ofsuppon and in PTO%'idin8 lJ% Wlth in%ighis Ihai drive innoialion and COlliinuou5 ifllproi'cmcni. Our charity 74'0rkcd wilh schw15 in cach of thc fli'c w'ard5 in Bamiw in Fumcs5 thai fall withiTh th¢ I10 ITlOSt dqJTiv¢d ar$ in England. W¢ regularly work with 25 prinwry %lwls 6 5¢co[ sch]5 and I wll¢ge. A major highli¥hl w&$ the 5UCLe55ful delivery of our fwsi ¢hildret) s skills Lonference for primary Sch)[ students. Thi5 cveni providid sludLllls with an intr(xluciion io essL'Thiial skills io inspire their Icarning journey. The confercnce inCled workshops and aili¥iiiLS (workin¥ with businL%sLs1 &'Sl¥nL 10 foLy kLv skills inLludin¥ LommuniLalion. ILamwork. LIL dnd 10 illLfLasL Page I
FURfESS EDUCATION AND SKILLS PARTISERSHIP REPORT OFTHE TRL8TEES FOR THE YEAR ENDED 31 MARCH 2024 FESP ¢vnfidenrc whi15t raising aspirations and awarcnc5s of Tnany cxcitlng rarccT5. This ransfoLative initiative notonly eTnp)wered yvung IrdTll¢T5 but a150 r¢intorcd ow repulalion as a leader in ¢ducatiOThal d¢%.¢10pcnl withill the collununity. UlveTSTEM and the Furness STEM Show remain annual highlights with oNer2.51M) attendee5 aeross the two eents in Ulverston and Elarr(IM,. Fccdback for th¢q¢ even is extremely N)sitii'e fn)m young )p]e. .q¢hools and parents and suppon from (he busincs5 community delivering hands. on activitie5 and carttT& infoTtnation continue5 to grow.. Furthermore. our progTammcs ha&e had u profound impart on the Iivc5 of children and young pcoplc. particularly thosc fro hig7h4ieprivation areas. Through our focus on building irdnsferdble skills, we have yeen significaiil improvements in suhool atlendanL¢. >¢ll-.i()nfid¢ni¢. and fulur¢ aspiralion5 lh¢ people we serve. FeedbaLk from oui pr(IBrAms. such as the FumeKs STF.M Sh()w. indiiaies thal 92°, o of iiiiendee5 felt tll()Te infLITrned abL)ul Lareer (wwrtunilies in STF.M. Our work not only tran5forns indi%'idual liies bui h&s a Tipplc cffcct wiihin families and Ihc widcT communiry. By providin8 mcaningful educational and employability acli%'iiie¥ we help youn8 people Ecorne Tole models, influcncin¥ Iheir pLYrs and farniliL'.41(I PUThUL LduLalional andcareer0p[un1l1es. In lurn. Ihi% stren8thenscommunity lies and fo%ler%a culture vf ii%piralioTh Ind lit¢lun¥ learning. ()v¢rall. our achi¢vcmcn15 this year rcnccl a clcar Commilmcni to cxccllcncc. SiTale8ic growth. ar su4¢ainable iiiJpacl. FTOIII impmving financial mar)agemcni and govemance 10 dclii'erithg innovative ¢yJu¢aiiothal program% and buildir)g vital partncr*hip% our ¢hariiy 1% w¢ll-posiiionid ¢0 ¢ontinu& making a lasting diff¢r¢n¢¢ in th¢ li%'¢s of youn¥ p¢opl¢ #nd lh¢ bro8d¢r rommunily. Link io vicw Childrcn s Skills Confcrenic Vidco hll Link view FurnLbS STEM Show VidL'O hii la FINAP4CI.11. REVIEII. Reserves poIIc>' Any rcs¢rn¥i JlLumuloicd or¢ b¢ing uxd en8ur¢ futyw $ust#in#bility. Oiir rL'SL'fvLS aim Iv L'nsurL Ihai our Lhariiv main15 suffiLILllI lurmls 10 SUPWrt its on¥oin¥ operaii4)iis and 10 &afegudrd agdinsl anv iinfiiTe%ccn lindllLIAI Lhdllen¥eN. TypiLally. IJUT giMI 1% Ic) hc)Id a level cifre%eTves whiih will pr4)%'ide u buffcr Ill Liiver ii)re exp¢n.4es. ¢n%uring Ihe %ust4inability of our work in th¢ ¢v¢ni ofun¢xrt¢ied income shonfalls OT emergenry necds. The iniended valuL for our rL'rLs Is currL'nily in ihL PToce&s of being reviewed with a Trustee meeiing sChedulL io fomially astrrLe the spccitIL details dnd %irucDJre of the Teseryes mo%'in8 forward. Ai .1 1st March 2024. thc charity hcld bank furwjs of E73.695 12023.. £33,028). of which £69.11112023.. £23,665) wcrc rcstrictcd nd £4.5841?023.' £9.6361 unrn'striilixl. ThL priniipal sourLi ol. funds is fn)m yrants to supwn s111( pft)jLxls. ThL grants TLlalc lo th¢ objLxlivLS of ihL Lharily. All grants haN'¢ KPl% (Key Perfomance Irmlicalorsl and theFt in lurn are relaled lo Ihe chariiy s objectie8. The charily rerLs on thc KP15 lo th¢ fundcT5. W'iihoul th¢ 5UPEX>rt of Ihc fvndcrs Ihc rharity would not bc 4blc lo Khicvc 115 objcctii'C5. Thc cxpendiiure 15 dirccily rclated to the 8rant KPIS. Thc rharity ha5 no inytMrftts but if rt did in th¢ fvtur¢. 1¢ would adopt cthirwi inv¢stmcrit policy STRucfuRE, GO.ERIA1%CE AYD MANAGEMENT Governin¥ documcnt ThL chariij is an unincorporatcd charity. Organ15atlonxl Stru¢ture ThL buard Lonsisiing ot'ihL trnsiees. members and programme atml projeei mana8ers meets 2 10 3 limes a year lo review proj¢cl and funding progrLs5 as WLII as ihc financial position. Trusiees arc soughi from ihc local busincss ar community organisalions with whom the charity has been involved with. Page 2
FURfESS EDUCATION AND SKILLS PARTISERSHIP REPORT OFTHE TRL8TEES FOR THE YEAR ENDED 31 MARCH 2024 FESP McTnbcTh support the trustee by offering the ier]I of their experiencc froTll their pr50nal and business knowledge and eXPCTietLC¢. Rlsk m#nagement The key risk5 encounteT¢d by the charity and derai15 of how. the charity mitigate5 their risk are= Safe¥uarding- all FM)ard m¢mb¢ts and ¢ontra¢tors are DBS (Di&closur¢ and Barring SeThic¢l checked: poliei¢& ar¢ in pla¢¢ to ¢nsur¢ all swdmts ar¢ saf¢ FtnanLidl risk gT#ni inLome is short term. and the management team are constantly sourcing and applying for nrw fundin¥ li) enahle pr(IjVfL4 lo pr(K¢cd Approvcd by order of the board of on 16110Q024 and signd on its behalf by: Jayne MooTby Janet Dixon Jwk W- Tm%lLL (Chairl TrusiLY (Treasurer) Page 3
Registered Charity 1183085 FURNESS EDUCATION AND SKILLS PARTNERSHIP RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 RECEIPTS ANO PAYMENTS 2024 2023 Unrestricted Restricted Funds Funds T¢)tsl Funds Total Funds RECEIPTS Donations Grant Income 57.399 93.557 57.399 93.557 26,830 109.372 Total Recelpts 150,956 150,956 136,202 PAYMENTS Project costs Donation5 paid Support costs Grant Clawback 52 88.055 21,514 88.107 21,514 669 157,901 669 1,043 8,239 Total Payments 720 109,569 110,289 167,183 Net of recelpts I Ipaymentsl 17201 41,387 40,667 130,9811 Tran5fer5 between funds Cash Funds brought forwards 14.0591 9,363 4,059 23,665 33,028 64,CQ9 Cash Funds carrled forwards 4,584 69,111 73.695 33,028 STATEMENT OF ASSET5 AND LIABILITIES AS AT 31 MARCH 2024 2024 2023 Vnrestri£ted Restrlcted Funds Funds Totsl Funds Total Funds Cash funds held 69.111 73.695 33.028 The accounts were approved by the board of trustees and si8ned on its behalf on 4 November 2024. Victoria Jayne Moorby Chair Janet Dixon Treasurer
Registered Charity 1183085 INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES AND MEMBERS OF FURNESS EDUCATIONS AND SKILLS PARTNERSHIP FOR THE YEAR ENDED 31 MARCH 2024 I report to the trustees on my examinatlon of the accounts of the above charity l~the TrusVI for the year ended 31 March 2024. Respon5ib51ilies and bas65 of report As the charity trustees of the Trust. you are responsible forthe preparation ot the accounts in accordar*ce with the requirements of the Charitles Att 20111-Ihe Act-l. I report in respect ol my examination of the Tru5V5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charrty Commission under Section 14515llbl of the Act. Indtptndent èxamlntr's stat•mtht I have completed my examination. I conlirm that no material matters have tome io my attention in connection with the exarnination whith gives me caust to believe ihat in. any material respett.. accounting record5 were not kept in accordance with sertion 130 01 the Art or the accounts do not accord wlth the aOntIn8 rOrdS I haye no concerns and have corne across no other marters In connertlon wlth the e¥èminatlon to whSch attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. Paul Hornby FCA 4th November 2024 JF Plornby & Co Chartered Accountants Dalton8ate 8uslness Centre 7 Dalion8ate Ulverston LA12 7A1