VIORI<S SMART WORKS iEEOS REGISTERED NUMBER 12059540 ANNUAL REPORT AND FINANCIALSfATEMEP4TS FOR THE YEAR ENDED 31 Marth 2022 ¢ABOKP)L4" 2WO92022 COMPANIES HOUSE 1166
SMART WORKS LEEDS TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 WORI<S CONTENTS Report of the Trustee5 Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the Accounts io Reference and Administrative Detai15 of the Charity 19
SMART WORKS LEEDS TRUSTEES. REPORT FOR THE YEAR ENDED 31 Morch 2022 SMART WORI<S The Trustee5, who are a150 the directors of the charity for the purposes of the Companies Art. present their annual report together with the accounts of Smart Works Leeds for the year ended 31 March 2022. The accounts have been pPared in accordance with the accounting policies set out on page 10 and comply with the chariws 8oveming docurneftt. applicable laws and the requirements of Statement of recommended Practice on Accounting and Reporting by Chartties. issued in 2019. l. Objecti$ and artivities Smart Works Leeds provides hlgh quality inteniiew clothes. stylin8 advice and inteThiew training to women in need. We give women the confi"dence, the self-bel*f and the pradlcal tools they requi to succeed at inter¥iew and start a new chapter of their lrfe. The charitrfs objectives are the relief of financial hardship and the relief of unemployment for the public benefit through the promotion of economic independence among women in West Yorkshire. Smart Work5 Leeds has a clear mission and wlOn to help more women back into the workplace by giving them the clothes and the confidence they need to succeed at ajob interview. Smart Works Leeds part of a network of 6 other regional charities that deliverthe Smart Works Charty service in their a0. At the core of our service is a two-hour appointment, dtsring vthich time each woman receives a complete twtfit of high quality clothes and ac¢essories Itheirs to keepl and dedicated one-to-one interview training. This Short intervention has 3 significant impact as our clients start believing in their own ability to succeed. After her dre55in& each client receives a one-to-one interview preparation and coaching session with an experienced HR professional or senior manager. The irtteThiew session focuses on increasing the clienl's awarene55 of her own strengths. answering question5 effectively and understanding what is expected of her at interview. Once a client is successful at interview. they are welcomed back for a Second Dressin8 to recer¥e five additional pieces of clothing. This means that they can start their new role with a caule working wardrobe which will see them through until their first pay theque. We recommended our viritual and In person seThice from April 2021. Having helped 347 women alone overthe last year with ourvirtual service. ourteam in Leeds and volunteers have been working rentle$S1V to ensu that we can sustain the virtual Servi alongside the regular personal appointments for which we've experienced a significant increase in deThiand over the last 12 morith5. 2. Achlevements and perlornwn¢e Highlights Smart Works Leeds opened its doors to the women of West Yorkshrre at the start of November 2019 with no expectation of how 2020 and 2021 would have unfolded. We offer a bespoke styling and coaching service to help women to secure employment. The interest and support we receNed from the community and our volunteers as a whole during 2020 and 2021 wa5 extremely grati.8 and meant that we were able to continue providing our Service to women across Yorkshire. Smart Works Charity stepped in and delivered the Smart Works ser¥ice Virtual during the fitst lockdown. and Subsequent lockdowns when it wasn't possible to access the centre. Their support was invaluable as we were still at the early stages of our journey.
SMART WORKS LEEDS TRUSTEES, REPORT FOR THE YEAR ENDED 31 March 2022 SMART WORI<S We are extremely proud that during 2021 when the pandemic hit we were able to continue operating in a virtual environment without a nt reduction or rent free period. During the year we were able to raise funding through a range of events the highlights bein8 our first ever in person fashion sales event at the Corn Exchange in Leeds in S"ummer 2021 where we raised over £9,0 in donations and Cyde for Smart Works in March 2022 which delivered over £1?,( in donations. We were also successful in securing grant1£28kl from the Yorkshire Building Society Charitable Foundation which allowed u5 to appoint an Outreach Officer who has been building partnershrps with referral agencies in Leeds. Bradford. Doncaster and York with the goal of providing vulnerable women with job and interview coachin8. The sin8le outstandin8 highlight howeveris the continued rate of grovrth of the service. eXdIng its client ach and objective again durin8 the year ended 31 March 2022. We again exceeded both the target Set for service delivery and virtual career coaching io the end of the financial year and this was accompanied bysincere and extremely positive feedback from both clients. volunteer5 and referrers. None of this would have been achieved if it wasn't for the hard work and dedication of ourteam at the Centre and volunteers whose continued supp)ry and effort we are grateful for. Operatlonal 4thievements and perfomlance During the 12 months ended 31 March 2022. Smart Works Leeds dressed and coached 519 unemployed women for success at their job interview giving them the confidence and selF belief they need to secure employment and transform their lives. 64% went on to get the job within a month of their visit. This year, over40 skilled volunteer5 delivered our Service. giving around 2.(KJO hours of their time 3. Financial Teview Results for ihe year Total income for the year ended 31 March 2022 was £128.025 and total expenditure for the year was £123,020 resulting in net irbcome of £5.005. Investment policv The trustees. having regard to the liquidity requirements of operating the charity and to the reserves policy, have operated a policy of keeping available funds in a suitable deposit account. The account is CLrrrent5y held with Natwest. Re5er¥e5 policy The trustees have considere(I the requirement for free reserves, i.e. those unrestricted funds not designated for specific purpose or otherwise committed. It has been determined that, given the nature of the charr<rfs work. the level of free reserves should be equivalent to three months of annual expenditure. This provides Sufflent flexibilty to cover any temporary shortfall in income and will allow the charity to cope and respond immediately to a reasonable range of unforeseen adverse circumstances prior lo SPeCrf remedial plans being iMemented. The total reserves of £90.020 incbJdes general funds of £68.636 and restritted funds £21,384. Of these restricted funds. most relate to dressing stock kindly provided by our supporters. Smart Works Leeds forecast to be in excess of their reserves policy for the coming financial year 2022-23. We have plans in place to inuease reserves with fundraising activfties throughout the year and several grant applications which will ensure that we.meet our policy. 4. Plans for the fUre On the l April 2022. Smart Works Leeds be8an the first year of an ambitious Three Year Plan acr055 the Smart Works Networi which aims to double the number of women helped in each of our tentres.
SMART WORKS LEEDS TRUSTEES, REPORT FOR THE YEAR ENDED 31 Morch 2022 SMART WORI<S including Smart Works Leeds. After the pandemic, and with a severe cost of living Crisis. the need for our service has never been more urgent, and by the end of the three years, we aim to be helping over I,OC women from across we Yorkshire, and ensuring that at least 65% go on to secure a job. We have already signffl¢ant Increased the number of women we have supported during FY22 across West Yorkshire. Smart Works Leeds will be reaching out to support more women and will be looking to extend further into the surrounding covnties. We expecl to increase the numbers we sUPPOrt with our core services by SO% on 2022123. To achieve these aims we have appointed a dedictated referral partner and have broadened the range of referral partners we engage and work with while deepening existing referral relationship5. We see emerging latIOnShipS with a number of corporate returners programmes as a particularly extiting and rewardirtg prospect. Smart Works Leeds will also be considering a needs driven expansion of our direct service delivery hours this year which will be athieved by recruriing an additional staff memberls. We will proactivety seek funding opportunities and thebY financlal stabKlity in line with our fundralslng strategy. While we continue to capitaltse on the 810n01 funding available through granl giving bodies during 2022123 we will concentrate on developing fvrther a sustained income through events. individual and torporate relaiionships thereby ensuring we are able to coniinue delivering our aim of supporting women in West Yorkshire into ernployment. 5. Stryrture• goveinance and management Govemante Smart Works Leeds and its trustees are bound by the Memorandum and Articles of A5s¢Xlation. The names of the trustees who seThed during the period are set out in the reference and administrative information on page 19. Smart Works Charity is the sole member of Smart Works Leeds. Smart Works Leeds has been granted license to operate by Smart Works Charity and it has the same objectives and similar activities as the parent company. RKruitment and appointment of new trustees Regular reviews are undertaken to asses5 the skills of the CUent trustee5 and identify any areas for strenhen1Trg. Newtrustees are apfviinted by the existing trusiees and thelr appointmentls approved by Smart Works Charitv. Indurtion and training of new trustees New trustees are provided with an inductron to familiarise themsefves with the charity and the not for profit sector. A Trustee Welcome Pack is shared with all Smart Works trustees when they join the charity, setting our roles, responsibilities and the Structu ol Smart Works both regionally and nationally. They are briefed on their responsibilities by the existingtrustees. New trustees are also referred to the tharity Comrnis5ion'5 guide The Essential TrustÈe'. Organisatlonal structure and decision making The trustees review and approve èll policies, arod follow a strnte8y set in the business plan. The trustee5 rneet at least monthly throughout the year and will have an annual session to update and revtse the Strategy.
SMART WORKS LEEDS TRUSTEES. REPORT FOR THE YEAR ENDED 31 Morch 2022 SMART WORI<S M•na8ement The doy to day management of Smart Works Leeds is undertaken by the Manager and overseen by the Chair ond board of trustees. Operational and brand infrastrurture is provided by Smart Works Charity. Pay poli¢y for key management personnel All truslees give their time freely and no trustee receNed remuneration in the year. The pay of staff will be reviewed annualty. Thetru5tees benchmark pay against pay levels in other similarly sized charities. Rlsk management The trustees regularty review the major risks to which the charity is exposed. in particular those relating to governance, operation5. finance. HR. cornpliance and exiernal factors. Relationshlps with related parties Smart Works Charity is the sole member of Smart Works Leeds. Policies Policies for all relevant areas are maintained. induding Vulnerable Adults. Data Protectn. Health and Safety. Bribery. Conflict of Interest. Complaints Handling and Privacy Policy for aients, Donors and Oiversity. A staff handbook 15 made available lo staff and includes a summary of all these policies. Volunteers The trustees are grateful for the invaluable contribution of those who give theirtime voluntarily to deliver the dressing and interview preparation for our clients. The number of active volunteers during the year has averaged over 40 with a very high retention rate. Arguably. one of the greatest assets Smart Works Leed5 has is the enornious role played by its dedicated volunteers. Public benefit The tru5tee5 have read and complied with ihe guidance contained in the Charity Commission's general guidance on public beneffts when reviewing our aims and objectives and in planning our future actwities. The achievements above detail how Smart Works Leeds has complied with the public benefit requirements. In preparing this report, the tmstees have taken advantage of the small companies exemptions provided . by sertion 415A ofthe COmpanS Act 216. This report was approved by the Board on I September 2022 and signed on its behaff by.. Helen Oldham Saffeena Geldart
SMART WORKS LEEDS TRUSTEES, RESPONSIBILMES STATEMENT FOR THE YEAR ENDED 31 March 2022 VJORI(.S Trust& responsibililies Statement Tthe trustees (who are also diiectors of Smart Works Leeds for the purposes of tompany lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom AttountFng Standards Iuniied Kingdom Generally Accepted Accountlng Practice). Company law requires the Trustees lo prepare financial statements for each financial year. Under that law the Trustees have elected to prepa the financial statements in acwrdance with united Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. Under Company law the Trustees musi not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charrtable airnpany and of the incoming resoyrces and application of resources, including the income and expenditure, of the Charitable company for that period. In preparing the firtèncial statements the Trustees are required to= select svitable accounting pole$ and then apply them ¢onsistenily.' observe the methods and principles in the Charities SORP 2019 IFRS 1021- make judgements and estimates that are reasonable and prudent- Stste whether applicable UK Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable compaRy and enable them to ensure that the financial statements comply with ihe Companies Act 2006. They are a150 responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detertion of fraud and other irregularities.
SMART WORKS LEEDS INDEPENDENT EXAmINEs REPORT TO THE TRUSTEES OF SMART WORKS LEEDS FOR THE YEAR ENDED 31 March 2022 I report to the tharity trustees on my examination of the accounts of the company for the period from intorporation to 31 March 2022 which are set out on pages 8 to 19. Responsibilities and basls ot report As the charity trustees of the company land abo Tts dirertors for the purposes of company lawl you are responsrble for the preparalion of the accounts in actordance WTth the requirements of the Companies Act 20061.the 21)06 ACVI. Having satisfied myself that the accounts of the company a not requirèd to be audited under Part 16 of the 26 Act and are eligible for independent examination. I report in respect of my examination of your compan5 accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have folknved the Llirections given by the Charity Commtsston under section 1451511bl of the 2011 Acl. Independent examiner's statemwt I have completed my examination. I confimi that no matters have come lo my attention in connectlon with the examination giving rne cause lo believe that in any material respect: accounting records were not kept in Spect of the company as Tequired by section 386 of the 26 Act: or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair ¥1 whTrch is not a matter considered as part of an independent examination: or the accounts have not been prepad in accordance withthe methods and printiplesof the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In ihe VK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Hannah Orrnston CIPFA Critchleys Date: 21 September 2022
SMART WORKS LEEDS STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 March 2022 SMART WORKS Notès Gèneral Destted ftestricted Fund5 Funds 2022 Total 2021 Total Donations Other trading activitie5 Other income 51.964 34.$06 86.470 Sl,521 30.675 30.675 10.880 28.280 10.490 IOMI Total 82,639 45.386 128.025 90.291 Expènditure on." Charitable activities Total eXnditre 70,839 52.181 123.020 48.540 70,839 11.8C*) 52.181 16.7951 123.020 5.(KJ5 48.540 41.751 Net Intomè Transfers between funds Net mo¥ement In(d$ 11.8th) 16,7951 S.(X)S 41,751 Reconollatlon of lunds Total funds brought torward Total lunds urrled forward 56,836 28.179 85.015 43.264 68.636 21.384 90,020 85.015 All of the companfs activities are dassified as continuing. The company had no gains or hJ55e5 Other than those shown above. The notes on pages 11-"19 form part ofthese accounts.
SMART WORKS LEEDS BAiANCE SHEET REGISTERED NUMBER 12059540 AS A T31 March 2022 Nixes 2021 Non current Assets Flxed Assets 12,858 15,541 Current A55ets Stock Oebtors Cash at bank and in hand io li 14.658 10,103 20.153 21.829 71.783 32.860 74,842 Credltors: amounts lallini due wiihin one year 12 119,3821 15,3681 119,3821 15,3681 et current assets 77.162 90.020 69,474 85,015 et assets The fvnds ofthe ¢harliv Restrieted funds Unrestricted funds General fund Tmal <h•rlty fw¥ts" 21,384 28,179 68.636 90,020 56,836 85,015 For the year ended 31 March 2022 the company was entttled to exemption from audrt under section 477 of the Companies Act 2006 relating to small companbes. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for comptying with the requirements of the Cornpanies Act 2006 with respect to xcounting iecofds and preparation of accounts.
SMART WORKS LEED5 BAiANCE SHEET REGISTERED NUMBER 12059540 ASA T31 Morch 2022 SMART WORI<S These actounts have been prepared in attordance with the wovsions applicable to companies subject to the small companies regime. +o&odè Helen Oldham Saffeena Geldart Approved by the Board on I September2022. The notes on pages 11-19 fomi part ofthese accounts. io
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 IIVORI<S I. ACCOUNTING POUOES General informaiion Smart Works Leeds is a company limited by gvarantee and incorporated in England and Wales.. The registered Is Mabgate Mills. Mill 5 First Floor. Mabgate, Leeds. LS9 7DZ. B•515 Qf preparntion The financial statements have been prepared in accordance with Accounting and Rep)rting by Charities= Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe l Janvary 20191 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Smart Works Leeds meetsthe definition of a public benefrt_entityunder FRS 102. Assets and liabilities recogni5ed at historical cost or transattion value unle$5 Otherwise stated in the relevant ac¢ounting policy notes. The financial statements are prepafed on a going concem basis. There are no material uncertainties in respect of the charitvs atHlty to continue as a going concem for the foreseeable future, based on latest strategic plans and financial budgets. The charl5 presentational and functional currency is Pounds Sterling. Income Income is included in the period in which the charity becomes entitled tothe resources, the trustees have sufficient certainty that they will receNe the resour and the monetary value can be measured with sufficient lIabIl. Main and common %)urce of income during the period was fundingfrom HQand donations from indNKluab. Grants Grants and donations are reCOgned On entrtlement and value have been confirnied in writing. Tax redaims on donations and $ IrKome from tax redaims are inclLrded in the SOFA at the me tine as the gift towhKh they relate. Donated goods and seThites Donated stock for dressing clients 15 recognised in the financkil statements when the goods are received by the charity and their value can be measured with reasonable accuracy. The value placed on these resources is their value to the charity. The trustee5 consider it imprartical to me•sure the value of volunteer help and consequently, as pern)rtted by the SORP. their value is not recognised in the financial statements but is des¢ribed in the trustees. annual report. Expenditure Expenditure is included In the statement of finanaal artivtties when incurred and includes attributable VAT which cannot be recovered. All expenditure is allocated to the particular activity where the c05t relates directly to that actwity. Indirert $ts and overfad expenses are apportioned on a judgemental basis in proportion tofloor spa¢e used. Tangible fixed assets Assets are capitalised rf they can be used for fflore than one yearand cost at least £i.rNxi. Tangible fixed assets are stated at cost les5 depreciatKYb. li
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMEPUS FOR THE YEAR ENDED 31 March 2022 SMART WORKS Depredation Depreciation ha5 been provided at the folk)wing rates in order lo wriie off the assets. sS their estimated residual value. over their estirnate(fuseful economic lives: Computer equipment office fixtures and ffttings 30% M the 5tra%ht line basis 20% on the stTaiBht line basis Stocks The cost of donated stock for distributton to beneftwries 15 valued at fair value. whth has been estlrnated bythe trustees. Inve5oment income Thi5 is included in the act(yJnts when reTrIable. Debto Trade and other debtors are recognised at the settlement amount due after any trade dcOunt Offe. Prepayments a valued at the amount prepaid net of any trade discounts due. Attrued incomeand tax recoverable ts included at the best estimate of the amounts receNable at the balance sheet date. Fmancial Instruments The charity only has financial asset5 and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inrtially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded at depreciated historical cost and all other assets and liabilrties are recorded at cost, which is their fair value. Cash at bank and in hand Cash at bank and cash in hand indudes cash and short term high liquid investments with a short maturity of the months or less from the date of acquisition or openi% of the deposit or similar account. Creditors Liabilities are recogn1 as soon a5 there 15 a *al or constructV obligation committing the charity to pay oth resources. Fund accountin8 The General Fund is an unre5tri¢ted fund which is available for use * the dcretiOn of the trustees In lurtheTrnce of the 8eneral obiertives of the charity and which have not been desEnated for specrfic purposes. The Designated Furbds are unrestricted fund5 which have been set up by the trustees to hold fvnds forspecific wrposes. Theaim and useof each designated fund ts setout in the notesto theaccounts. Restricied Funds are funds whth are to be used in attordance with spetific StridIonS imposed by the donors. The aim and use of each Restricted Fund 15 set out in the notes to the accounts. Income and expenditure are allocated to the Funds on a dirert or time apportioned ba515 as appropriate. 12
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 SMART WORKS Tation The company is cOnsided to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefofe tt meets the definttion of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respert of income or capital gains received wtthin categories covered by Chapter 3 Part Ilof the Corporation Tax Act 2010 or Section 256 of the Taxation of ChargealAe Gains Act 1992, to the extent that such income or gains are appld exclusivety to charitable purposes. The charity operates a defined contribution pension scheme for employees. These assets of the scheme are held separateW from those of the charity. The annual contribut)ns payable are charged to the statement of financial actbvfties. The charity abo makes COntributn5 into indNiduaYs own personal pension arrangements. Operating lease weements Rentals applicaWe to operating leases where substantTrally all of the benefits and risks of ownership remain whth the lessorare charged aga profits on a straight line basis overthe period the lease. Signtficant Accountin8 Estimates The Trustees make estimates and a5SUrnPtions concerning the future. The resulting accounting estirnates will, by deftnition, seklom equal the related attual results. There a no estimates and assumptions that have a s¥ntficant risk of Caus1 a material adjustment to the Carrying amounts of assets and lialmlities within the fte financial year. 2. DONATIONS OJRRENT PERK>D 2022 Total Funds Funds Dressin8 stock donations Grants and individual donations S.935 5.935 51.964 28.571 80.535 51.964 34.506 86.470 PRIOR PERIOD General Ilesi8nated Re5trirted Fund Fund5 2021 Total Dressing stock donatitins Donated capex Grants and indiwdual donations 16.3131 4,200 16.3131 . 4.2C(J 23.455 30.179 53.634 23.455 28.066 S1.S21 13
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022 SMART WORI<S 3. OTHER TRADING ACTivmE5 CURRENT PERIOD 2022 Totsl Fund Fwds Funds Cycle for Smart Wwks Events 17.675 13.Q 30,675 17.675 13.C 30.675 PWOR Pf RIOD 2021 Total Fwnd5 Funlts Cytle for Smart Works Events 19.134 9,146 28,280 9.146 28.280 CHARifABLE ACrinE$ CURRENT PERIOD General Dtsyated Restrlrted Funds Fund Funds Total Staff lated dirett Èxpenditvre Premises related direct expenditure Other direct expenditure Administrat¢ve expenditure Support costs Inote Sl 47.061 24,880 71.941 10,768 14.347 25.115 5.859 461 6.690 11.430 17.289 461 .214 1.524 70.839 52.181 IZ3.020 PRIOR PERIOD 2021 FWMI Funds Total Staff related dired expenditure Premises related direct expenditure Other direct expenditure Administrative expenditure Support costs (note 61 31.542 31.542 9,733 9,905 19,638 11.8161 514 3.374 11.805 16,4701 18.2861 514 5.132 1.758 36,735 14
SMART WORKS LEEDS NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 S. SUPPORTcosrs 2022 Total 2021 Total. Staff related Premises related Administratsve expenditure Governance w5ts 989 1.591 3.461 2.173 8.214 428 1.352 5.132 The fee for independent examination of theses financ1 statements was £9CQ. NEf INCOMEAFTER CHARGINGIICREDMNGI 2022 Total 2021 Total Operating lease payments Wa8e5 and sa13ries Employer National Insurante Employers Pension Independent Examinerts remuneration 24.354 67.993 2.763 844 900 20.559 29.242 1,816 485 Avera8t number of employee5 during the peri¢)d No member of staff was paid more than £60.(XM) IFY21: £60,(KK>I in the period. The key management personnel of the Charity compflse the Trustees working with the Centre Manager. The total amount of employee benefrts (including employer pension and employer national insurance ¢ontributM)nsl received by the key management team for their ser¥i¢es to the Charity was £35.739 IFY21: £14.9121. 7. TRUSTEE REMUNERATION AND WENSES No Trustee received any reMUneratn in the year. Trustees receNed expenses from the charity in relation to the performance of their duties as tn15tees. Thi5 lotalled £NIL in the period IFY21: £NILI. 15
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 WOR1<5 9. FIXED ASSErs T•tsl £ EqPrnent C05t Opening balance Addilions aosing balance 15.070 1708 1227 3,935 17.778 1,227 19.C(J5 15.070 tkpreclation Openin8 balan Charge for the year Closing balance 1.624 613 816 1,429 1237 3,910 6.147 4.718 Total NBVa5 at31 Marth 2022 10.352 12.858 Total NBVas at31 Mah 2021 13.446 2.095 15.541 2022 2021 Oressing st¢xk 14.658 20,153 A5 dètailed in note l. the charit(s donated stock forbeneftciarie5 15 valued at fair valut. 11 DEBTOR5 2022 2021 Debtors 10,103 21,829 10,103 21,829 11 CREDITORS 2022 2021 Accruals and deferred income Other creditors 15.115 4.267 4.922 19,382 16
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 SMART WORI<S 13. RESTRICTED FUNDS Asat31 Marth 2021 Intomt Expenditure Asat31 March 2022 Analysis of fvnd balance by projert Dressing st¢xk Grants and othef income Fixed assets 20.153 5.935 39,451 111.4301 138.9751 1.7761 14.658 2.076 4.650 6.426 28.179 4S,386 152.1811 21.384 The dSSing Stock fund represents donations received for the specifK purpose of provbdin beneficiaries ¥h dothing for interview. During FY22. we were Successful awarded grants from the followin8 organi5ation5: National Lottery Community Fund - Coronavirus Community Support Fund {collerted via Smart Works Charity) is a grant for core costs - £2.160 SWC Career Coaching (Bank of America 2022 collected via Smart Works Charity) is grant for core costs - £14,625 Yorkshire Building Society Chartiable Foundation is a grant for employing an Ovtreach Projects Officer- £28.LKKJ1£14k delerred to FY231 14. ANALYSIS OF NEfASSETS BETWEEN FUNDS Current year Funds Funds 2022 70ts1 2022 Tangible fixed assets Current assets Cred*tSUe within oneyear 4,650 35.O)1 118.2671 21384 8.208 12.858 61.543 96,544 11.1151 119.3821 68,636 90.020 loryear Funds 2021 Funds 2021 Total 2021 Tan8ible fixed assets Current assets Creditors due within one year 6,426 26.020 14.2671 28.179 9.115 48,822 ii.ioii 56,836 15,541 74.842 15.3681 85.015 17
SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Morch 2022 SMART WORI(S 15. OTHER FINANCIAL COMMITMENTS At the period end the company had annual commiiments under canlable operating lease5 as set out below": Re5trirted 20 2021 operati Lease5 within one year within two to five years 21,616 20,905 16. MEMBERS. LIABILITIES The comp8ny is limited by guarantee. The rnember of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while they are a member. or within one year after they cease to be a rnember, for payment of the debts and liabilities of the company contracted before they ceased to be a member. and of the costs, charges and expenses of winding up such amount as may be required not exceeding £1. At the balance sheet date there was one rnember. Smart Works Charity. 17. RELATED PARTY TRANSAclloNS During the year the charity recetved several grants via Smart Works Charity (Charity Regtstration Number is 1080609 and Company Registration Number 15 038706711. its immediate parent. These totalled £37.096 IFY21: £41.8291. There were no other related party transactiOn5. 18. CONTROL The charity is controlled by Smart Works Charity who is the sole member of this charity. Smart Works Charity has the same principal activity as this charity. The accounts of Smart Works Charlty are consiAidated and available frorn Companies House. 18
SMART WORKS LEEDS REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 March 2022 WORI<S Registered narne Smart Works Leeds Charity re8iStration number 1184676 Company registr*ion number 12059540 Corporate status The Company is limited by guarantee Reglstered office Mabgate Mills Mill 5 First Floor Mabgate Leeds L59 7DZ Telephone 0113 234 6503 Website smartworks.org.uk Truslees Helen aare Oldham Ruth Frances Cherry Beverley Maureen Brown Claire Louise Tiffney Saffeena Gèldart Tracy Elizabeth Fletcher Stephanie Louise Smith Kathryn Croft {resi8ned on 6 July 20221 Independent Examlner Hannah Orniston apFA Critchleys Beaver House 23-38 Hythe Bridge Street Oxford OXI 2EP Bankers Natwest Bank plc 8 Park Row Leeds LSI 5HD 19