REGISTERED COMPAiYY P4UMBER: 11901504 (England and Walts) REGISTERED CHARITY NUMBER: 1187919 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED KILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED COr4TENTS OF THE FINANCIAL STATEMENTS For The Year Eftded 31 Juty 21)24 Report of the Report of the IDdepeDd¢nt Audltori 10 to 12 Stit¢m•nt of FID8nd41 Aetlvltks 13 BAlanet Sknet 14 Cuh Flow StAt•m•Dt 15 N•¢ei to thé FIDAn¢i￿ Statements 16 10 27 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED REPORT OF THE TRUSTEES For The Year EDd¢d 31 July 2024 The trustees, who urc a150 direelors of the chon'ty for the purposes of the Companirs Act 2006, present their r¢port With the fillancial staiements of the charity for th¢ y¢ar l August 2023 to 31 July 2024. This report is al$0 rhe direetOTS' report. The stees have adopted the provisiotL5 of "Accounting and R¢portirtg by Charities.. S¢atemcrbt of Recommended Practice ¥pplicabl¢ to charitie5 preparing theiT accoujjts in actordance with the Financial Reporting Standard applic&ble in the UK nd R￿UbliC of Ircland {FRS 102} (efft¢tiv¢ l January 2019)-{Charili¢s SORP). VJSION, OWECTJVFS AND AcfIviTIES *. Vislon Our vision is IhAI young odulis wilh Icarning difficulit¢$ are indep¢nd¢nt. ¢onfidenL carin8 ciiizeris that contribute through ¢rnployrn¢tti or meuningful roles in s0¢i¢ty. We airn 10 give young adults with learni￿8 diffsculti¢$ opportunitj¢s to discover whys of l¢ariii118 thai enBaBe Ihem and enable them its gain and develop new ski115, knowledge &nd behaviours. Our mission is ￿ provide educational and physical programrnes to develop their skills, cApaeilies #nd upabilities- ensurin8 they are exceplionolly well pr¢paTed for their next steps in life. b. Objeetlv To llet 9% 8 rcsouree for ynung people beThveen ascs 18 And 25 with learning ditTJculiie$ and disabililies ajidlor spL¢illl eduiolionul needs & disabiliiics liviii¥ in Ihe S%>uiheasl of England by providing *dvi¢c and assistance #nd or8uiii%in8 programmes ufphy$i¢al, eduLAlioNal and oili¢r a¢iiYi11¢5 as a m¢ang of.. 8) 8dvAncing in life and hclpin8 youug prople by d¢v¢loping their skills, capocitieB athd cgpabiliiies to enable thern to panicipaie in so¢iery #s indepcnd¢nt. mon￿¢ and responsible individuals,. bl advancing educalion., cl relievin8 uncmploymenl,. and dl providing r¢creaiional and lei5urc time activity in th¢ interests of social welfgTe for pcople livin8 in Ihe area of benefit who have ne¢d by reAson of their youth, ège, infinnity or disability. pov¢ty or social and economic cireumstan¢es wilh a view lo improving the conditions of life of such persons. In serring objectives And planning for activilics, the Tru51L'es h&vL xiven due cortsJderAlion 10 8eneral ¥uidance published by Lli¢ Churity CvniinibSiOJJ rklthii￿ Lu publLL benefit. including Ihe guidAnce 'Public benefit.. running a charity {PB21'. . M*iu Actlvltles The Charity operated durit)8 the r¢porting peTi¢xi AS 'Thc Oaks Spe¢iAlist Colleye" and cpeTate5 as a specialist further education College for young adult 1¢orners #ged between 18 ond 25 who have learning difficulties andlor disabilities (LLDDS) Actlvltles for Athlevlng ObJe¢tlYe9 The Oaks offer Bccreditation in English and Maths Funciional Skills and C¢rtificllte. ranging from Enty L¢v¢l I to Lxvel 1-2. For some leAm¢t5, qualifJcation$ and attrediration 8re not appropriate, Ih¢Tefore their 8thdy pro8ramme will be 88s¢ssed usÈn8 the RARPA (RecoBnising and Rxording Pro8W8 and Achievement) 8pprooeh. ar -Re Work ￿lAted activity is included in our study pro8rammes aDd all learners are able lo participate in work r¢latcd IcarninB. We have an exp8nding r8rtge of supported pla¢¢menls and rowi¢ction5 with local and national businesses. Preparing o leamers for adulthood sits at the heart of our offer. Our individual learning routes will havc their own distinct identity that allow$ for personali5atioTh whilst m#intaining the quality of each study prornme. Page I SKILLS FOR INDEPEFIDENCE AP4D EMPLOYABILITY LIMITED REPORT OF THE TRUSTEES- cotytinued Fpr The Y¢ar End¢d 31 July 21124 luni vejview The Oaks Curriculum fo¢us¢s on Embedding Learning, Work and Livin8 Skilts. Personal Dev¢lopm¢nt 4rLd Independence in all our learning roule8. Our study progratnmes are iailored to Sult each learnee5 individual need$. Learners are not restricted by a profil¢ and will access learning across our offer as appropriate. More inf0M￿tiOn about ¢)ur pathways catt be found on our Website.. www.theoaks.ac.uklleamitt8.offerl. Vocaiion41 progrnrnTne3 reflect the long-term &￿iTItionS of our learn¢T%. We gather Ihts information before learners 318rt their journey with and throublhuui the￿ titn¢ at College. We current]y offer thc following vocational programmesloptions.. Horticulture. knimal CaTe', Hospiithlity and Catciing,. Perfonning Skills. liiieryirisc: FilTn Studies,. Outdoor activities (all accredited by the Prince's Trnsi Achiive ProgTammcl, CAfe Skills and Art. Vocniiona] PIo8ranim¢s are also embcddcd into otf-$ite etnployBbility OPPOrtunitie8. We also h8vL som¢ out$tattdin8 on.sit¢ f8¢ilitie5 in¢ludin¥'. Spill The Beans C4fe' TescolSn&¢k Sha¢k: Commercial Poly Tunnel,. Workshops., The HivL%- Ernployability hub.. DejA Brew- Coffee van. Thcra ies & Wcllbci 'rhc ()aks ofter a range of Ih¢rapies in¢ludin8.' Occupationttl Thcrapy.. Spe¢¢h & Language Therapy,. CounsellinB', Phy$ioiherapy. The d¢livvry of th¢rupy is Cmbcdded inlo cHch leamer's le&rnin8 programme, Thi3 enable$ them to build on thc skills they have previously gained 8nd maximise these in the context of life skills, indep¢nd¢n¢¢ and employment. Our Iherapy tcam work closely with learners llnd potential employers to ensure work placement oppi)rtuniiie% are su5tainabl¢. Our ih¢rapist8 work a¢ro$& all paihwayy lo provid¢ 31rot¢gies that ¢n&blc our learncrs lo b¢ more 5ndepeThdent Jnd ablc to overcom¢ challenBes as they prepare to leave The Oaks. Thruuyhoui all curricula Ihere is a focus on learn¢r voice. personal dev¢lopmeni. Sreaier independettce and the skills. knowled8e and beh¥vioiir8 acquired being translerablc. W¢ have a thriving Oaks College Council who meei regularly and elp to drive forward change for people with spccial educalion&l needs Atld dis&bililies {SENDI. Learnerj le￿n how io ¢ommuni¢8* their likes, dislik¢8 4nd how to repre8¢nt the thought8 of our other learners. Careers and employment &kills are embedded into the Colle8¢ Curriculum. As part of th¢ ¢arcer5 programme, we provide high quality careers inf0m￿tIon, advice and 8uidanre in line with the 04isby Benchm&rks. We wpport our l¢arners to aLces5 th¢ WOTkplH¢e Ind to develop their $ki115 aDd confidcnce within a working environment. On site, learncrs participate in enterprise projects which provides them with the understaDding ofhow busincss¢s opcrate. Leamers also participate ITh Employer led work experienc¢ in a voriety of sector& lau Our di￿taL offer Is cNcial in as8i$tin8 and ¢nabling our yowig people to be autonomou$ in their independert¢c - within the College 8ettinB. within th¢ community and in the workplace. The aim of our Digital & A¢¢essibility offer is to ensure thar young people leave the College with the ski115 for indepcndcnce they requirc embedded in Ih¢ii daily lives. Our Project Moto and Project Sman allow young p¢ople lo develop their knowledge understanding of their own mobile phones and smart home devices to harness their &s$i$tiv¢ technology fealures. Digitav A¢¢es$ibility Skills are also embeddcd Acro￿ the colleB¢ offcr t(F improve etT￿tive romtnunicatioll and learner auionomy. PAg¢ 2 KILLS FOR JIYDEPENDEf4cE AND EMPLOYABILITY LIMITED JiEPORT OF THE TRUSTEES- ¢ontinued for Th¢ Year Ended 31 July 2024 Funding Piincipal funds are received for ea¢h le&Tn¢r, for ea¢h a¢&demic year that they attcnd College. The fundin8 comprise5 of 4hr¢e ¢lements frojn two different sources.. Element one being the basc elcrncnt, received frorn tbe Education and Skills Funding Agency {ESFA). For the fwn¢iBI pwiod of this report, Element I was £6 J08 p¢r learn¢ri per academi¢ year. Element two £6,000 is paid by the ESFA. Element hvo is th¢ts reclaimed from the local ￿thOrity (LA) High Needs fundin8 allocaiion. Eltmcnt three i8 calculated individually by th¢ LA USiTLg a rang¢ of metrics around the individual l¢amer's needs and Ilie amovni of time thcy sp¢Rd in College. plu5 the level oflearning And therapculic support that 15 needed by the individual. The 10101 amount pu leAmer rHnBes from £11,400 to £51,700 pet acadenii¢ year. f. Addltlonal FundrAldtt¢ Trundr8isin8 a¢iivities at ihc Colle8e occur when our learners produce craft Ètems for sale to th¢ public. Any profits made from the Sale of thes¢ it¢ms are pui towards purchasin8 equipment for ihe Collcge, usually chosen by our leAmeT5. When appropriate, the rolle8e applies for Branw fLnanci&l guppon for specific projects or exp¢Dditure. STRUCTURE, COVER14ANCE AND MANAGEMENT Constltu¢l• The charity is controlled by ils govemirtg docum¢Thi, thc Htlicles of aS8O¢IAlion, and constibJtC5 a limited curnpatly, limited by 8uarAnt¢t. a5 defined by the Companics Act 2006. 1115 a nol-for-proflt or8&nisation attd a Rc8lSter¢d Ch&rity (No. 1187919). The charitable company w43 incorporated on 23 March 2019 and commenced operations on l May 2019. Thc opcrAting name is "The Oak5 Spe¢ialist Cglle8¢" The fornal company name and aSSOCiAlcd elernen￿ remain unchanged. The principA] objects of the Charity are set out on pig¢ l of the Trnste¢s' Report. There have becn no chan8es in the obje¢lives since th¢ las¢ annual report. b. Methods of appolntmellt or eleetlon of Trustees The choritable compaDy IS the responsibility of th¢ T￿Slee5 who are ¢l¢¢ted under the tenns of the Arti¢l¢g of Auociation. Trustees &r¢ expccted to serve 3-y¢ar 1¢rn15 that may be ¢xtended. Pollcle8 Adopted fDr the Indu¢tlon Tralnln¥ of Trustees New trU$te¢s arc H55Lgned a mentor from the exLStitl8 Board to iDduct th¢m. Th¢ trnstees hAV¢ had regard to public beneflt 8uidanre issued by the Charity CoMmi$510￿cCN1. Th¢T¢ is an induction pack de8cribing the role and expeGtation5 of tNsiees, and regular certifi¢otitsn of ali￿Then1 with thE CXPCCtatlOn5. d. Ory8llis*tlonRI Stry¢¢yre ODd Dtelsltsn Maklng Responsibility for the Strategic man88¢m¢nt of the Chatity and key decisions ie5ts with th¢ Tn￿teeS who g¢n¢rally meet quarterly. Day to day matsagement of the Charity. includiug the implemcntation of policy del¢miined by th¢ Board of Ttvst¢¢s is carried out by stsff who are employed directly by the Ch￿lty and provid¢ Services to the Charity, ex¢rci$iDg authorities delegated by the Boatd of TrI￿e¢s. Page 3 SKILLS FOR INDEPENDENCE AND EMPLOYABIUTY LIMITED RipoRT OF THE TRUSTEES- tontinued ForTht Ye*r Ended 31 July 2024 The Colle8e is led by 4 Chi¢f Executive Offi¢¢r and Rincipal, 5UPPOrted by 8 Colleg¢ Business mat￿Ser. Development l¥n&ger ènd Project & FundTai5ing Manager. plus a sile team. The Chief Executive (Gordon Tillman), Pritscipal (Ro$ LeaLh) and BusiThes¥ #nd Finance Lead (John Spavins) repori lo and ar¢ a¢¢oun12ble to thc Board of Trnstees. Phaso leaders ar¢Tesponsible for the quality and dcveltspm¢nt of ¢ducation provisitsn. Th¢y rcport and ar¢ 8¢wuntable to the Prirt¢ipAI. e. R¢gul8tori The Colle8e is subject to sup¢rYi80ry body regula¢ioD by the ESFA. th¢ DepArtment for Education, Ofsled and the Charity Commission. Th¢ Collese provisioTi Is also MOni￿red for qu4lity and cosl cffectiv¢n¢s$ by the commissioning local #uthoriliu. ACHIEVEMEIYTS AND PERFORMANCE 8. FlnanclAI Perforrnince The ChArity is in sound fllJon¢iil h¢altb and fully met its obligations for thc reporting period. The Charity's resetves meet the ¢UTrenr rcscrve policy requiremcnr of a 6-monih operatin8 Gost level. CAsh tlow remiined positive throughout the period. b. Revlew of Ch*rltAble A¢ttvltS¢9 L¢irner R¢tentlon gnd Growth The Oaks Spe¢ialist Coll¢8e h&d 116 Icamers with high needs during the Teponing period, which consisted of 86 retained trom the 2Q22Q3 y¥dr Ind A nei new 30 learnets. W¢ expect ihi5 10 incre￿¢ &8ain gli8htly to abtsul 117 FfE I￿1] litne equivalentl for the reJy)rting year 2024125. Servk¢ Proviglon Trustees are delighted lo report that IW/4 01. 2024 leaver5 moved 10 8ecure onward dc5tinalitsn8 ￿ per plan. And that 33°h of thc l¢av¢rs moved to puid employment or supported employment. a treTnendou5 resuli ¢on$iderin8 that the nalional Itgure for young people with sp¢¢ial Cducdtion ll￿d$ 18 only about 6Y.. Other leave￿ transiiioned to combinations of voluntccrin and social care programs as appropriatc. L¢arner% cDThtinue to fflcel theiT EHCP laTgct5. And foi th05¢ learners subject to M#¢hs artd En¥lish examinaiion lour'skills for Jndependencc" And "Pr¢p8ration for Life and Work" pathways) - 84/D mad¢ pro8re5s from their Math$ bHseline, Bnd 780/0 made progress from tbeir Engli¥h baseline- excellenl regults for these pro8rammes. Trusttts w¢ie also pleAsed to see our psrtnerships for employment and volun*ering opportunities continue to expand and embed- with our leamers h8ving pl￿eMentS and oppornilliti¢s with Te5co, Miti¢, Servomax, and local partners su¢h a5 The Amelia, and Ch&rli¢$ Angels Cafe. Givrn th¢8e results Trustees r¢m&in confident that our program$ are deliveiing th¢ ill¢ended outeomes. F8¢liltles The Oaks Specialist College remains #i the site on Cage GTe¢n Road- a refvrbished. Spacious, and rrputposed prernis¢s and 8round$ including th¢ n¢w modular building we addcd in 2021. The faciliti¢s n¢ar ¢nough at the pta¢ticAI limit to host learners and staff. Expandi08 Ihc offering of the Charity is under consideration as described ID the plAns for fvtUTe p¢riods scciion. PAg¢ 4 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED fiEPORT OF THE TRUSTEES- ¢tsntinued for Th¢ Year Ended 31 ￿￿lY 2024 flNANCIAL REVIEW •. Colog Concern ft¢r making appropriat¢ enqyiries, Ihe Trusiecs have a re&sonabl¢ ¢xp¢ctation that th¢ charitable compony has ad¢qiiole re50ur¢e$ io ¢oniiniie in opcraiion&l exisi¢n¢¢ for the ftsreseeable futll￿. For this reason. they continu¢ io adtspl the goirtg ¢oncem b2$18 Ill PF¢parin8 the fjnatkcial $laiem¢nts. . Rt9¢tvu Poil¢y It is thc policy of the Charity to njaintain lis free reserves at a l¢v¢l to enabl¢ it to be idminist¢red efficiently, meet its shorl-tcnll cxpcnditure requirements, and hivc adequate resources to fijnd it5 cbarit2ble &ctivities. The TNslces want to ¢n5uK th¢ charity is able to eomplele a full a¢idcmic year lor all learners, without 105s of staff, %bJdent opportunities and quolity of work, and 10 allow for sufficiellt tirne to find a new funding model if required, so that all students who wish 10 stay at the College can do so. As suGh it will re$¢rv¢ All Absolute minimum level of unTUtricled hjnds sufficient to sustain the charity without any income for A 6-tnonth period. At a Tru5te¢8' meeiing held in MArch 2025 it was Agreed to amend tbe Reserves Policy to cover a 12-month opcrBtinB period. Unrcs¢ricted ￿ndS held Is fjxed a55ets are noi included a5 bein8 free 10 meet any short-term need. Free reserves al the end of the repoiiing period were £2.052.363 12023.. £1,074,711 I. PCT the rese￿¢$ pDlicy above th¢ inklial 6 months operating cost5 laT8et is £1.527,788 {as p¢r iot&l expcndirurc in Ihc ing pcriod below). The charity i)iili13uL'& lu bui5J 0¢) Iliosi I'¥kervu over lime io )chieve the oni¢Nded rcs¢ryes policy lorg¢t of 12 month5 opcratin8 costs which would cqii&ie 10 *3.USS.575. At lh¢ year end, thr charity hrld total funds of £3,473.304 12023.. £2,526,028) of which unrestrictcd geiieral funds w¢r¢ £3.404,20312023.. £2.373,11618nd restricied funds were £69,101 (2023.. £152,912). . FIA•ncl•l Summ*ry In the year ended J l July 2024 the Charity Tcporied lotsl inLome ths £4,002,85112023.. £3.300.373}. 'foial expendittjre was £3.055,575 v¥ £2,568.931 in th# pr¢viou$ financial year. Of the iotsl Spcnd, expendtture Lin eharitAble actLvilie$ wus £3,003.779. Increases in income alisn to funding from th¢ increase in learneis. Increases in expendiwr¢ align to the expanded lea¢hin8 and support 5taflto service the illcrease in leArners. d. StAff R¢muneratloD Salaries are set by referencing p#y-5rale5 ogaiTr$l our indu5ty'8 current set of Solary benLhmarking data ensuring they remain compctitive to help with staff rrteution, wbil$t bcing mind￿] of thc charity's ethos. airns Ind objcctiv¢s fynd our tatus Qs a not-for-profit-or8anisation. d. Risk Managem¢nt The charity ttwtccs have CODBidered the major risks to ￿l'th thc charity is exposed and satisfied th¢D]selves that systems or procedures ar¢ established to mBnA8e those tisks. Page 5 SKILLS FOR INDEPENDENCE AND EmP]￿yAB[LjTy LIMITED RKPORT OF THE TRUSTEES-tontinued •r The Yur Endcd 31 July 2024 Key risk a￿4$ in¢lude= Gov¢mance risks wlxich are managed by Trustec recruitment procedures and tr&iniD8', diselosuT¢ of conflicts of interw- appointtneTht of suitably qualifJed staff; regular tsv$le¢ board meeting5.' specifjc r¢sponsibility areas for TNstees on S&fegu2rding. Finance, and IT, and appointm¢nt and oveTSLght of qualified. skilled and eX￿rienCed leAder5hip #rtd agemen¢ teom and a fit-for-putpos¢ orgatiis81ional struGtur¢ th81 is revicwcd aTmually. 0￿ratiOnal risks which ar¢ m&na8ed by assigned safeguarding leads and safeguording ovcrsi8ht', do¢um¢nted in¢emal policies, proGes￿$ and PTocedur¢s,' appropriate business Jnan8gem¢nl and cortlract rcview$,' r¢silient IT 5ysl¢m8. dat& 5tor8ge and Cyber seLurity* robusi HR planningj Safer ReLruitmenl hirin¥ procedur¢s professional development; appropriate in5uran¢¢ coverage of a&iets. Financial risks which are managed by maintainin8 appropriatc re$¢rv¢5' regular reportin8 gnd review of financial planning and perfomi&n¢e; inl¢rnal controls extemal audÉlS. External risks which ore m8n8ged by monitoring of demographic chAnge$, n￿rnber of po¢¢ntial learner5, and demand for placements: rnoniioring of local and nhtional 8overnmcnt policy chan8es and funding models. and ¢los¢ engagetDent llThd communication with community PaTtrers and stakcholder8. Complian¢¢ risks whiLh are managed by re8ular ￿vieW of Department of Fducalion. Ofsied and olhcr requirements; plannin¥ for complianc¢ and insp¢¢tion,' and ensuring arL¢ss to appTopriuie professional adviee. PLANS FOR FUTURE PERIODS Our long.lerni airn Is that The O&ks Speci&lisl College Tem&ini successful in meeting the needs of ei¢h leAm¢r', ¢hai Ihe Collcgc T¢main$ financially stsbl¢ und sustainable., is # Sreal place lo work. works in partncrship 8nd collaborAtion with oiher5 10 develop and champion ihe skills and attributes that our Icarners and leavers haye; And work8 tirclessly 10 develvp oppomjniiie5 for them to b¢ able to live Me￿i￿8￿11 and independent liv¢3 and be wnfidenl, caring and ¢ontribulin8 citizcns. To aehieve our lon8-l¢rm jim means con501ido1in8 what we alrclldy do ¢very day - maintainin¥ all a5p¢¢ts of exLelleni PfOVl8ion and constantly seeking ways lo be¢om¢ even bettcr, in¢ludin8 U5ts and applJcation5 of t¢rhThology and aS5L51ive tcchnology, ADd it means achieving lon8 tern fmon¢i41 stsbility and fLnan¢i81 s¢¢urity to ensur¢ ¢onsi5tency And long¢vity of our provisiott. Sirate8ic iar8ets that Trustees Teview and monithr include.. na ur ct Reac11￿8 lo any 518ted n#ed- lo replicate operate our provision model elsewhere Build a bespoke on5ile provision for learn¢rs with physical di5ability- ¢xpanditLg the current physRc*l facility D¢velop outr¢ach Advice and Support for $chools and general FE ¢oll¢ges Increase sp4c¢, facilities. and Ihc range of provision & Icarning opportunitie5 avail&ble on our ¢urr¢nl site In partnctthip with a m¥4jor national employer, establish and successfully run a rtol-for-profit business that provid dcdirai¢d traIning for LLDDS in the Hospi181ity, Retail, Domestic andlor H¢alth & Social CaT¢ $eciors Secur¢ a site in East Sussex, Kent Bndlor Adjoining London Boroughs wher¢ we could r¢plicate our model and k¢¢p young people closer io their communitie5 Explore possibilities for th¢ Coll¢8e to 5Ct up its own ¢mploymeDt opporDJnities through a wholly owned tradu￿ ar Page 6 S￿LL9 FOR INDEPENDEIYCE AND EMPLOYABILITY LIMITED SWORT OF THE TRUSTEES- eontinmed fotrThe Yegr Ended 3] July 2024 Icumcrs to a riule destinations ali ned to Ihcir nceds &r¥J abililies If opportunities arise- facilitste InVe￿￿ellt into'rnove-on" acconunodation by 3rd partic$ Develop a partThcrslu'p to provide pennaDent employment opportunities foT Icarners ExpaDd opportunities for learners lo explo￿ mov¢aOll / supp)rted livitL8 Expatld trav¢l, r¢Sid¢nt￿1, and volunteering oppotwnities JiRFERENCE AIYD ADMINISTRATIVE DETA113 ReRb4tered Company Dumber 119D1504 {ED8Jattd a￿d Wales) Bel￿ter￿ ChArlty number 1187919 R¢¥stered office Oakley College CA8t Green Rold Tonbrid8e Kent TNIO 4PT Trwts¢¥ Simon Harri5 {re&i8Thed 30 January 2024) Glenn Douglas Ir¢5iuncd I Scptembcr 20231 Rob¢rt MaTBh David Martin Ri¢haTd Potle {Cbair) Julie Stones (re8i8ned 30 April 2024) Daniel Broad David Carter Katie Lloyd Ch•rlott¢ St¢881¢8 (8ppoinied 30 April 2024) Ge¢na Vabulas {appoinied 30 April 20241 Dlredori Simon Harris (resigned 30 JanuEry 20241 Glcnn Dougla5 (resigned I Septernber 2023) Robert Marsh David Martin Richwd PoThe ICh8ir) Julie Stones (res]￿ed 30 April 2024) DBniel Broad JOI￿ SpoviL$ David Carter K&tie Lloyd Charlotte Ste88les (appointed 30 April 2024) G￿￿8 Vabulas (appoilltrd 30 April 2024) Key man&gemeDt Gordon Tillman (Chief Exceutive Officer) Ros Imch (Principal) Page 7 SIrt of the trustees &pwoved by order of the board of tr￿￿t¢￿, ￿ the compAny direetors, on ..14...p.*. 2•L and signed on the board'5 behalf by.. Trustc¢- ￿'¢h￿d Pon¢ Page 9 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED Oplnlon WE havc aiidited the financial statcment8 of Skills for Independence Employability Limited Ithc 'charit&ble ¢ompattll for the year ended 31 July 2024 which comprise the Statetnellt of Fin8ncial ActLVLties. the Balanre Sheet, th¢ Cash Flow SialcmeL)t and notes lo the financial statemcnls. includiDg a Summary of signifjcanl accounting policies. The fthancial repoTtiri8 framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Stand&rEL8 United Kingdor(L Generally Accepled Accounting Prllctice). In our opinion the fmancial 8tatements.' givc a true and fair view of the 5thte of the charitabl¢ COTnpany'5 affairs &5 at 31 July 2024 and of its inCOmill8 resour¢e$ and Appli¢ition ofre80u￿es, irt¢luding its income and expendituie. fo[ the year then ended. have bcen Properly prepared in accordance with Unitcd Kin8dom Generally Ac¢eptcd Accounting Pra¢li¢e,' and havc b¢cn PTepRrcd in accordance with the requiremenls of the Compani¢5 Art 2￿6. Ba￿% for Dplnlon We ¢ondu£t¢d our uudit in &c¢ordan¢¢ with Ih¢¢rnaiional Stsndttrds on Auditing (UK) {ISA8 {UK)) and 8pplicablc law. Our re5ponsibiliiies under those SthDdaTd$ &re furiher des¢rib¢d in the Auditors, responsibilities for the audit of the financial slaiemetlls seLtion of OUT rcport. We are independent of the charitable company in accordancc with the ¢thical Tequircmcnls that are rclcvant to Ollr audit of the firtaLIGial statcnient5 in tbc UK, inGludin8 the FRC'5 Ethicol Standard, and wo hove fvlfilled our other ethical responsibilities in accord8ncc with these requirements. We believe thai the &udit evidence we have obtained is suffjcicnt and &ppropriatc to provide & basi5 for our opinion. Conclu*knns reladnK to goln% eon¢ern In auditing thc financial $taiemenlS. we have concluded that thc tru5tC¢8' use of the going concern basis of accountin8 in Ihe pr¢paration of the financial ¥talemenl$ is appropria1¢, Based on Ihe Work w¢ have perfomicd. we have not idenlified any material unc¢rtaintics relatins to evcThts or condition5 tlial, individually or colleciively. may cayl significanl doubt on the charilablc conip&ny'5 abilily lo conlinue a5 a goin¥ conc¢rn for a period of al l¢ast tw¢lve months from when th¢ financiJl 314lementS 8Te auihori$ed for ii¥uc. Our responsibilLlie5 Dnd the respon5ibilLtie$ of the I￿ste¢S with respect to goirt8 Concern thrc described in the relevartl sections of ihis repon. Other Inforrn&tlon The other intorniation compnses th¢ infomiation included m the Annual rewrt, includin8 the trnst¢¢s' report. other the rJnan¢i21 $12tements And our 8uditor's report Ihereotj. The tnJ8te¢s are re$pot)sible for the other inforniation ¢ontAin¢d withi thc annual report. Our opinion on the fin4n¢ial statements does not cover the other infomjation ond, excepl 10 the extcnt Othe￿1$¢ explicitly stsied in our report, we do not expr¢ss any forni of 8s%urancc conclusion thereon. OUT r¢Jpon5ibility 15 to read the other infoThalion and. in doing so. consider whether the other infoThnalion is materiv4lly illconsistcnt with th¢ financial sta*ments or tsur knowledg¢ obiained in the course of the lludil, Oi Othenvi$¢ appears to b¢ materially mi$si&t¢d, If we identify $u¢h mat¢rial in¢ort$i$tencie$ or opp#r¢nt rnai¢ri81 mis$tai¢m¢nls, w¢ are required to determine whether this give5 risc to a rnaterisl misststement in the financial staternent.￿ themselves. If, b￿ed on the work we have p¢rfornied, we conclude that there is a material Mi￿tateMent of this other information, we are required to report Ihat ract. W¢ h&v¢ nothing to report in this regard. Oplnlons on oiher matten prexribed by the Cornpaniu Act 2006 In oiir opinion, b45ed on the work undertaken in the course of the audit.. the inforniation given in ihe tn￿le£S, reporL which include5 thc directors, report prepared for the PUTposes of company low. for the fjnancial for which the fuhaocial $tatements are prepared 15 ¢on$istent with the fmancial $tat¢ment$,' and the directors, rcport included within the trustces, report h&8 bcen prepared in accordancc with applicable legal requirements. Page 10 INDfpEN'DEVT AbDII"OR'S IIF.P()RT'fo THf. TRUS'I'EES OF SKILLS FOR IINDEPENDENCE AND EMPLOYABILITY LIMITED- toiitrnued Mott¢f5 on %i.liicli M't lte i'equlvod reptsri by e%tepilon liavc Iioi idcitiificd matcridl I￿1￿5[<11¢11i¢ilIs iii Ili¢ dire¢tois' ieport included within the tnTStees' Irport. We have noiliinb lo Teport in i'e5pect of the followiiig imatters iii relation io which thc Coii)panics Act ?006 Tequircs us (o J'epi)n Io YOIT Jf. iii our uptiiivn.. adcquatc aiid pri)PCT aCLouiilinLI reboi)Is liave noi becn kept. or Tetuins adequate for our audit h8v¢ iiot been receivcd fi'om branclics iiot visired by iis., or ceriain di.%c105l11'ts of ITiL51ees' rcmuiieraiiaii ¥pccified by law &TC 1101 iiiudc: or we liave iiot received Rll rhe iiifornill lioii Jiid ￿l?la17￿1to￿.￿ w¢ r¢quiTe fur oiir audit RtSP01151bllllleJ of truslees A5 ¢xplainEd morc fiilly in thc SiiilcTncnl af Tw%iccs' Re&piiTi&ibililic%, Ihc ItWSlLcs (who aTL al.so Ili¢ d11'cclor.s of the chllritol)Ic coniw111y Ivr Illc purpvsv5 vfcoinpaiiy IHWI OJ'L r¢'spoii&iblL' fur Ilic prei)*rHlioii tsfiliL fiiijiicial sinirmciiis llL?d fur b¢iMg 801isfieil Iliai ihcy givc a tnie aiid fair vielv, and foi. %ii¢h iiilcriiill control us Ilie IllL%lics deicniiiDC netossary to a5 a ¥oing Lothcci'ii. disLlo&ing, as ai)i)Iicablc. Inaiiers rcldlcd to giiing Loiiceni and u511)g IliL blo1￿&r cunc¢iii basi% of C¢OUliling unlc5s Ilie Ini%i¢ci cillier iiil¢nd 11> Iiquiddie Illc charitabl¢ GOrnPRny or its ccnsc opcrftiions. i)r liRv¢ iio rcnlisiic Audl¢or'% respfinJlblJltlei for thi, Audll ot. Iht flnanrlwl ilalemen15 We obiained oli uiid¢r51Dndinki of the leg81 and resulniory froiiiewDrk% Ihii ni'c ￿pplica￿l¢ lo Iht chthTilohlc conlphny, and Slalcniciit5 ai'c Ilie Conipaiiic.s Acl 2noo, Ihc C'haiiliC% Acl 2011 aiid CliaTilic%.%()RP FR.$102. Wc al8n identiticd alhcr Inw% and rcgiilaiir>ii% wliicli do not hdve ITr direct cffect on thc ani(>iinl¥ aiid di%clo.4iircs in thc and Safcly Law, D&iJ Proieciiun5 Laivs lincludin8 UK GeTicral Daia Pivtcction Rcguliili¢>n ICTf)PR}, Food Hy8iciie compliaiicc. Haviii8 reviewed tlic laws aiid IEgulaiions applicable Iv the chdritable ¢ompany, we dcsigned and pcrfoirned audit procediirc5 10 obtain sufficiciil tPPTopriulc cvidcncc. Spccitically ￿.. A&si811ed an cngagcnicni lean) 10 tlie audit tlial collectively had Ihe appropTlate competence, capAbiliti¢s And Skills io identify or rccogni5e non-roinpliance with applicable laws Hnd regulation%. EI)qllllEd with nianabwemeni oll a11y non eonjpliaiice *'ith laws and rcgiilalioiis. Rtviewed ilic Icgal cxpcnsc occounl.4 and legal correspoiidencg lu Ideiilify poteniial litigation or claiins involviiJg die ehiity. ReviewEd inltmal policies ajjd prc)Ledures aiid ￿tenlal guidgjjcc. Reviewed Ihc complcicn&s5 and accuiacy of associated disclosiires made irt thr f)nancial 51alements. Pa¥ell INDF.PENDENT AbDJTOR'S REPORT TO THE TRUSTEES OF SKILLS FOR I)DEPEYDEYCE AND EMI PLOYABILITY LIMITED- contlnued We 4ssc.8.8cd the s￿9¢eptibIlity of Iht chariiahle company's financial slaicmcnts io maicrial mis.4taiem¢ni and fr8ud and In duing so-. Considcrcd whethcr Ihere wcre areas of Ihe finuncial 51alcmcnts purticularly $usceplible to frAud ¢tLquired with management as 10 any known or suspected tnsiances ot Iraud and iheir assessmenL of fTau(l risk. Cunsid¢i¢d wh¢ih¢r tndll4¥eJnttnl h8v¢ inL¢nliw¢s and oppotiunili¢s 10 manipulaie linancial rcsulis and dekrrnincd (h¢ kcy audir nsks rclaicd 10 complcicness of incomc, managctnent override of controls and rcslrictcd funds. The risk of managtmcrtt override of coniruls has been reviewed and audited, including tlirough iestiThg journal enirics, accouniing eslimalvb and oih¢r ddju%tmenL% for appropriaieness. Furihcrtnorc, analytical proccdureq were undertaken lo ideniify any unusual oruncxpcctcd relationships and transactions and ihe raiionale bchind ihcK was iDv¢stigalcd. The ribk uf Lumpleiene&& uf inLome been reviewed and audiied. including throu81i subsianlive ieslin¥* dlong wilh a Tevicw of the appTQPTialeness of Ihc accoun¢inB ptslicy ei>nccrning in¢om¢ r¢¢ogniiion and ¢ompl¢iing dtiailcd cui olT t&%ling eiiher bide ufihe balanLe sheel date. Deyigned dnd perfortned audit pr(￿ed￿re$ 10 obtain sutTleLent appropriate evidence includin8 5ubstaniive ic5tin8 in re141ion lo rcslrillcd (und5. The audil has bcrn planncd and pcilurtTrcd in such a way as ￿ bvsi idenlily risks of material missiaicment, however ihe inhercnt limilaiiun5 of audit procCdUrc￿ mean¥ Ihat Ihcr¢ rcTTrains u Tl.4k Ihal w¢ will not d¢tccl all i￿¢gUlarItI￿$, including Ihosc leadin￿ to u moierial missthicrnenl in ilie financial 51aiemenls OT non-compliance wilh rcguluiion. This risk iner¢Jse5 Ihi niure thai compliance wilh a law or regulatiiin 1% remuved fri)m the evenis dnd IransaLliun.% rcflLitcd in Ihc financial %thlcrncnl¥. As wc will bc likely ID hect>mc llwllrL ()f in.4lllncc% of n(In-complitsnce. The risk 1.1 0180 grcitcr regarding ine¥ularilie$ o¢¢uffing du¢ 10 fraud raTh¢T ihAn error, as fraud involves inteniionll con¢edlmeni, overrsde uf controls. faTUYCry, collu4impany's website is the responsibilTry of the trUS¢¢es,' the WOTk rarried out by the auiiilors dvBs noi Lnvolve ¢on51deraiiun of IhEsE maitets and. accordingly, the auditors accep( no tCSPDrtsibiliiy for any thangcs that m&y haw¢ occUr￿d to th¢ financial 51atcmcnis sinc¢ they w¢re initially Pre5¢nt￿ on thc web5it¢. Pa¥¢ 12 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOME AI¥D EXPENDITURE ACCOUNT) f4br The Ye*r Ended 31 July 2024 UMrertrl¢t¢d FundB 31107124 31107123 Restrl£ted Fund8 31107124 31107123 Total Fund 31107124 3 1107123 Note Jthtome from: Donations and legacies Charitsble activiti¢s Other trading #¢tivitit$ Inve5th1ent income Tolal 134.458 3 J52J56 29.941 65.149 3,082,928 34,255 2n,800 118.041 407358 3,552J56 29,941 183,14M) 3,082,928 34,255 3 730 051 3.182.332 272 4,002 851 3 300 373 F.xp¢ndlture on: Raisin8 fi￿d5 Ch&rir8bl¢ a¢iivitie$ Tolal 51.796 2.885 S2S 2 937Jll 34,169 2 465 325 51.796 3.003 779 3 055 575 34,169 2 534 762 2568931 118 118254 2 499 494 Net In¢omel(eip¢ndlture) 792,7311 682.838 154J46 48.604 947376 731.442 Trnnifrrs between fimds 19 238J57 4,661 (238J57) 14,661) N¢¢ movetu¢nt in bjnds 1,031,Q87 687.499 (83,811) 43,943 947376 731,442 Reconc21i4¢ion of funds.. Total fi￿d8 brought forward 2,373.116 1,685.617 151,912 108,969 2,52&028 .794,586 Total fundi eArrled forw&rd 3 404 203 2 373.116 152.912 2.526.028 Th¢ note5 forni part of th&¥e filla￿la1 statements Page 13 S￿LLs FOR INDEPENDENCE AND EMPU)YABILITY LIMITED- REGISTERED Ni7MBER A1901504 BALANCE SHEET For Th¢ Year Ended 31 July 2024 Unre$trleted Funds Restricted F￿ndS Total Fund8 311117124 31107123 31107124 31107123 31107124 3 1107123 Not¢ FIXKD A&8KTS Tthgible &8sets 12 lJ51.840 1,298,405 I J51 J40 1,298,405 CURRENf ASSETS DebtorB Cash at bank and hand 13 38.439 45.815 1524 181 2J67,587 1.S69,996 38.439 45,815 152 912 2398249 1677 093 152,912 2A36.688 1,722,908 69,101 69,101 CREDrroRS Amounts falling due within ono ye8T 14 315 224 2,052J63 423 054 1,146,942 315,224 152,912 2,121,464 1423.054 1.299,854 NET CURRENT ASSETS 69,101 TOTAL ASSLI'S I.E,SS CURRiNT LIABILITIES 3.404303 2,445,347 69,101 152,912 3,473J04 2,598,259 CREDITORS Amoun15 fallin8 due after Tnore thAn on¢ year 15 172231) (72,231) NET ASSETS 3404203 2373 116 132912 3473 114 2 326 028 FUNDS Unrcstri¢¢ed funds Restrictcd funds TOTAL FUTr4DS 18 3,404,203 2,373,116 3,1￿,103 2.373,116 152 912 69.101 152.912 152 912 3 473.304 2 526 028 69,101 0420J 2373 116 The finaneial st8lements have been prepgr¢d in ￿￿ordInee with the provision8 applicable to comp#nies subj¢¢t to the small ¢ompanic$ re8ime. The financial statements W¢Te approved by the Board of Trustees And 8uthorised for issue OD ...I*,..P.*.:￿4....... and were signed on its bchalf by.. Ttustee- Richard Potte The noies fom) part of these financial statements Pag¢ 14 SWLLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED ASH FLOW STATEMENT Kor The Year Ended 31 July 2024 Yeir Ended 31.724 Year Ended 31.7.23 Note5 Cgih flows from OPEr#ilDg act1￿1¢$ C8th 8ener4t¢d fronj ¢￿ratiOnS lot¢r¢st paid Int¢rcst element of hire purch&se payments aid 20 1,06A366 975,111 14 129) 33 353) et CJ8h provideA by operating activitie$ 1052 237 941.758 PurchA8e of tangible fixed 0s8e¢8 Interesi rtt¢ived 1272,146) {58,853) Nel cash used in investLn8 actLVlties 258 CAih Iltsw• from IlllaDelnt #etlvltl CApitsI r¢payinent8 iti year 278,429 Net cash Iu5ed inypToYid¢d by financing Activities 72 278 429 Ch•uge In cash #od ¢aih equlv#lents ID the reportlD8 perlod C*yh #Dd CA#h equlvalents at the beRlnDthR oftbt reportthl perlod 721.156 fi04.476 1677 093 1072617 C*$h gnd ca$h tqulvA]eDts at the eNd of tbe reportln% perlod 1677 093 The notes forni part of these fmoncial statem¢nls Page IS SKILLS FOR 114DEPENDENCE AND EMPLOYABILITY LI.MJTED Tr40TES TO THE FINANCIAL STATEMENTS For The Year Ended JI July 2024 ACCOUNTING POLICIES Bgsls of preparing the Ilnan¢lal $taternents Skills foi Indtpelldertce and Employability Limited is a charitabl¢ ¢ompany limited by guarantee registercd in Ellgland and Wales. In the cvcnt of the ¢harily bcing wound up the liability to Tnwben respect of the guarantee is limited. Thc addr¢ss of th¢ registered offi¢e is giv¢n in the charity inlonnaiion on pages 7-8 of the report of the ITUStees. Thc n8￿re of the ch￿l￿5 op¢rnlions and principal 2tlivilies is the opcration of OAkky Colle8e to assist 18 to 25 year olds with learning diffjculiies in West Kcnt and the surrounding areas. The finan¢ifyl ststements of the charitable company. which 1$ a public bencfji erttity thider FRS 102, hAve been prepared in accordgnce with the Charities SORP IFRS 1021 'Accounting #rtd ReTM)rting by ChaTitle5'. St4¢¢mcnl of Recommended Pr&¢li¢e 8pplicable to charities prep8riDg their accounts in ac¢ordatLce with thr Fingn¢ial Reportin& Stattdard applicable in thc UK Republic of Ircland {FRS 1021 {effective l January 2019)., Financial Repot1in$ Siandard 102 The Financial Reporting Standard applic&ble in the UK and Republi¢ of Ireland, and the C.ompanie$ AL'I 2006. Th¢ financial slaiemerhts hav¢ b¢¢ts prepared uThdcr thc hisioricil cost convention. Thc fLnan¢ial fylalements are pre$¢nied in pounds $ierlin8 aT¥J rounded to thc Theare8t pound. The trustecs tlavc prepared the o¢counts on a going ¢ortcern basis duc lo Ilie l¢vel of n¢1 assets and cash rcs¢rve5 and they do noi believe Ihcrc aTC n)alcTial urtcertainties about the ¢haNty's ability to Ltsnlinue. Since the year cnd, the harity has a8ain increased its 4¢1iviry in temis of grant fvnding. in¢r¢ased sludent arKi sisff numbers as well a5 ¢ntering negotiation5 to ¢xpand 11$ provision on its ¢urreni site. Thc collcgc continues to Teceive more consult5 thott il'.8 able to accommod81¢ and EHCP daia from Local Authoritie5 givcs H rl¥Jr indi¢iiion thai detnand for provisions such as The OakJ will cOntin￿e over the comi08 years In¢ome In¢om¢ frorn donations And grant8. in¢lud2ng capitsl ￿artis, ij included in income when ihc charlty is entiilcd to ihe fimds. thc rceeipt is probable, and th¢ amount can be measured reliably. FOT doThalion¥, this is usually otl receipt. For 8rttnl%, this is usually when s formal off¢r letter is made in wrilingb unl¢$s the ￿ra￿t contacls tern]s gnd conditlOThS oui$ide of the chariiy's conlrol which musi be rnet before the chariry is entitled lo the funds. Where su¢h conditions exi51, the income is d¢f¢Ned until those pcriods. Income frotn charitable o¢1iviiie$ in¢ludes incorne fTOm govemment 8rants and local Authorities and is rccogni8cd when &ny perforniancc ¢ondi¢iolls Attaehcd to Ihc grants have been met. The compuny rec¢iv¢s ¢OTe fiLnd2n8 from Kent Courtty Council and Ea51 Su&8ex County Council as well as from ¢he UK Educaiton and Skills Funding Agen¢y. Thi$ funding is providcd for varioug reasons and is deiemiirted b￿¢d on criteria 5u¢h as th¢ number of stydents as well Is thr nerds and reqiiir¢ments of said Students. Inwmr for other tradin8 activities 15 mognised in the period in which the ¢h8rity i¥ entitled to rec¢ipt, which is eirher when the event has taken place or OV¢T the period in which the inwme r¢lates. Expenditure Liabiliti¢S 8re re¢ogni$ed as expenditur¢ as soon as there is a Icgal or cOttstr￿liv¢ obligation cominitting the ¢harity to thAt expenditure. it ts probable that 8 transfer of economi¢ benefits will be required in 5ettl¢ment and the amount of the obligation can be measured reliably. Expcnditure 1$ accounted for on an accruals b&si$ and has been classified under heading5 th8t aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they hNv¢ been allocated to activiti&% on a basis consistent WLttL ¢he u5¢ of r¢$ources. Page 16 s￿Ls FOR INDEPENDENCE AND Eh(PIA)YABILITY LtMITED IYOTES TO THE FIIYANCIAL STATEMENTS- contlnued For The Ycar End¢d 31 July 2024 ACCOUNTING POLICIES- contlnued PeD51on costs other post-retIreme￿I beneflt$ The cotnpatty opetates a defined contribution pension scbeme as well 28 contTibutions being made to the Teacher's Pension Scheme. Coniributions payable lo the schemes are ch8r8ed to the Statement of Financial ActlYLties in th¢ period to which they relate. Tinglble fixed 915¢ts Tingiblc flxcd a85ets arc 5t&*d at cost less depr￿l&tIOTb. ITLdividu41 as5Ct5 CQSting £500 01 Tnorr aTe ¢apitsli5ed at cost. Depre¢i&tion is provided at ra*s c&lcu]Aied w wriie off ihe cost les$ estimatrd residual valu¢ of e&ch asset over its expected uscfi]I life, as follows.. Lw¢hold improvements Coll¢￿¢ ¢quipm¢nt Over the remaining p¢riod of the lease Strai8ht line ov¢r 3 years and 5 yeaT8 Fund •e¢ountlng Unrestricted funds c8n b¢ used in ac¢ord8nce with the charitable objectives at the dI￿r¢tion of the Irnstees. ResMci¢d fvnds can only be used for porticular resincted pU￿>S¢S within ihe objecis of ihe chdriry. Restrictions ari$¢ when speeified by tbe donor or when fund3 are raised for parti¢ul&r Testri¢r¢d purpos¢s. Hlre pur¢h4Je 8nd l¢#sing ¢ommltmelltJ The interL'st element of these obligations is eharged to the Statement of Financial A¢tiviiie$ ov¢r th¢ r¢l¢vaDi p¢riod. Thr c&pit?I rl¢rn¢nt of thc fijthrc pY4ymcn15 L5 tr¢&tcd a5 a liability. Rentals paid under oper&tin8 Itose8 are ehar8ed to the Statement of Financial Actsviti¢6 on 8 8trai8hi line basi5 over the period of the lellse. Flnanclil Instrurntnts The chNriry only has fin&nciNI instruments which qualify lls basij fLnllnci&l in¥lTuments. Short temj bajic f￿ancIal itisttuments 8r¢ initially recognised at tr￿$￿1]0￿ value and subgequently at amortised cosi. DONATIONS AND LEGACIES Unrutrl¢ted Fundi 31107n024 3110712Q23 Re8trl¢ted Fund8 3110712024 3110712023 To¢•1 FuDd• 3110712024 3110712023 DotLalion5 OtheT government 3,146 4.684 lp67 5.784 5,113 10.468 118,961 12,351 134,458 60.465 177,766 93,067 272,800 20,032 92225 118.041 296,727 105,418 407.258 80.497 Other grants Towi 65.149 183 190 P8g¢ 17 SRILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED IYOTES TO THE FINANCIAL STATEMENTS- colltlnued F•rThe Ye￿r EDded 31 July 2024 CHARITABLE ACTIVITIES UnreBtrlcted Funth 3110712024 3110712023 Reltrlcted Fund 3110712024 3 110712023 Tfytal Funds 3110712024 3110712023 CoTe G¢v¢r1￿lenI 3.552J56 3,082,928 3JS2JS6 3.082.928 Tot#1 3.$52,356 3,082.928 3.S52J56 3,082 928 OTHER TRADING ACTtVlTIES Unrestrlcted Fuuds 3110712024 3110712023 Re8trk¢ed Fundj 3110712024 3110712023 Totsl Funds 31107n024 3110712023 FundTaisin8 events Rent$ received 20.221 9.720 12,040 22.215 20,221 9.720 12.040 22.215 Tol*l 29,941 34.255 29.941 34255 EXPENDITURE ON RAISING FUNDS Tot*1 Funds 3110712014 3110712023 Wagc5 Hnd salaries CoAtribuiions PAid Total 32,676 34,169 34.169 Pag¢ 18 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED JYOTES TO THE FINANCL4L sTATE1¥￿Ts- Colltlnued tsr The Year Ended 31 J￿Y 2024 ANALYSIS OF DIREcf COSTS Totsl Fundi 31107n024 3110712023 Wages and s&laries Ptofe85ional servi¢e$ L¢arnin8 T¢sour¢es Catcring costs Coll¢ge trip9 Total 1,679,777 15.173 12.283 10.606 40.856 1,758,695 1.304.006 11.514 8.718 6.295 1,370,173 ANALYSIS OF SUPPORT COSTS Totsl Fund¥ 3110712024 3110712023 Wa8eB and salaries Adv¢rtising Bank ¢har8¢$ Hire purcb•ae intere8t D¢pr¢¢i4tion Sundry cxpensu Postage ￿)d stationery other staff costs Opcr&till8 Icases Telephone Staff training Repair# aThd m*irttenattce Cl¢Bnin8 Rates and watér Light and belt Pronises rent Inwrance Trtvel Cowpul¢r Exp¢tts¢s Governance costs.. A￿dItors, rerlluDerntion Account 445,IIM 1,176 1,119 14,129 218,711 8,115 15,556 39,550 80.223 602 34,734 49A41 62,119 23J92 4,057 99,954 30¥61 21,773 62216 419.175 11,352 771 33,353 193,933 3,205 16,928 32.042 153,107 6.675 12,911 18.073 58,430 6,965 11,08S 65,763 28,848 27,744 45,260 700 52 8.400 li Tot81 1,245,084 ,164.589 Pag¢ 19 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED OTES TO THE FINANCIAL STATEMENTS- tondnued FoiTbe Year Ended 31 July 2024 TRUSTEESI REMUNERATION AND BKNEFITS There were no ttystees, remuneration or oth¢r b¢n¢fits for the year ended 31 Juty 2024 nor th¢ year ¢Thda 31 July 2023. Tnutte8' exptnlei the year ¢xp¢ns¢s Iotallitig £29 w¢r¢ reimburscd to l trustee in r¢]atioD to travel expoDse5 (2023.. no rxpenses reimbursed to trustees). STAFF COSTS AND REMUNERATION OF KIY PERSONNEL Year EDd¢d 31,7.24 Year Ended 31.7.23 WAgc$ End salatie8 Social security ¢ts$ts Other pen810D costs 1.722.902 154,310 280 1,415,333 127.299 214718 2,157,557 1,757,350 Thc avcra8e inonthly number of ¢mployees durin8 the year wgs as follow$.' Year Endtd 31.7.24 Yellr ended 31.7.23 62 57 The avera8e monthly number of full-time equivAl¢nt (FfE) ¢mploye¢$ during th¢ year was AS tollowi.. Ye*r Ended 31.7.24 49 Year ended 31.7,23 45 The total en]ploymeni benefits includ￿8 employer pension contribulion8 of the key management pcr50nn¢l wer¢ £499,31912023.' £446,751) There were 2 (2023.. 2) employeeB with employment benefits {¢xcludTng ¢mployeT peNion contributlons) of b¢tw¢¢n £70,0(K)- £80,OCH) in th¥ period12023.. between £60.000- £70.000). io. AtJDITOR'S REMuf4ERATION The iwiilor'$ r¢mun¢ralion of £8,70012023.. £8,400) related solely to the audit with •dditi0Th81 work being und¢rtaken of £11,85212023.. £10,569) in r¢lation to oth¢r ttccountancy strYicc5. Page 20 3KILIS FOR INDEPENDENCE AND EMPLOYABILITY LIMrrED OTLS TO THE FINANCIAL STATEMENTS- toDdtyued or The Year Ended 31 July 2024 NET LNCOMEI{EXPENDITURE) AND LYKT MOVEMENT IN FUNDS Net incomel(expendibJre) and TL¢I mov¢ment in fi￿d6 LS stated after chaTgingllcr¢diling).' YeAr eDded 3111J7n024 Year ended 3110712023 Dcpreciation Auditors. r¢mwi¢ration for 8udit services Auditors. remwieraiion for non-audil S¢Tvi¢e8 Operatin8 lease rentals 218,711 8,700 11,852 86.223 193.933 8,400 10,569 153,107 12. TANGIBLE FIXED ASSETS Improv¢ments to prop¢ty Collo8¢ ¢quipm¢Dt Totals COST AI I Au8USt 2023 Additions 1,609JS5 11&541 159 289 1,727,896 At 31 July 2024 1722 212 2 1100 042 DEPRECIATION At I August 2023 Char8e for ytar 363,$72 65.919 429,491 218711 Ai 31 July 2024 545 056 648 202 IYET BOOK VALUE At 31 July 2024 1177 156 1351840 At 31 July 2023 1298 405 The Det Carrying value of thDgibl¢ fixed a6s¢ts includes th¢ followin8 in TUPKtof awts h¢ld UDder fthènee leaseg or hire purchase contracts= 2024 2023 Improv¢m¢nts IO PfOP¢rty College equipment 644.714 748,268 750 340 Pag¢ 21 SKILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED IIOTES TO THE FINANCLIL STATEMENTS- eontinued or The Year EDded 31 July 2024 J3 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 21124 2023 Trade debtOT5 Other d¢btor¥ PwAym¢nt$ at￿ ac¢rned incom¢ 12.995 500 1.910 500 43.405 439 45,815 14, CRKDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Hire PUTchase15ee note 16) Trlldr Creditors SociHI Security and othertsx¢8 Other creditors Accruals and deferred in¢ome 72.231 211.018 115 11,774 278.429 17,021 125 9,546 117933 423 054 Is. CREDITORS: AMOUNTS FALLING DUK AFfER MORE THAIY ONE YEAR 2024 2023 Hire purchase note 16) 16, LEASINC ACREEMKNTS Mitiitnum lease paymett¢8 und¢r bire purchase fall due AS follows.. 21124 2023 Net obligAtions repayable.. Wiihin on¢ y¢ar B¢tw¢eo on¢ and fLV¢ year 72JJl 278,429 350 660 17. OPKRATING LEASE Minimum leaso PAyment8 under Ope￿Itig le88e8 fall due As follow$: 2024 2023 Nel obli8alions repayable.. Withsn one year BetWttD tsne atHI fivc years 146,153 161,924 128671 206 038 Pase 22 SKILLS FOR INDEPENDENCE AND EMPLOYABILrrY LIMrrED I¥IYrES TO THE FINANCIAL STATEMENTS- coDtloued otTht Year Elld¢d 31 July 2024 J8. MOVEMENT IN FUNDS Net mov¢rneni in fimds At 31.7.24 At 1.8.23 Unrestrkted fumd8 G¢nernl fijnd 2,373.116 1,031.1187 3A04.2O3 Re8trl¢ted fuDd$ R¢3tricted filnd 152,912 (83,81]) fj9,1•1 TOTAL FUNDS 2 526 028 947 276 N¢t rnovement in fiulds, itlcluded in the above are as follow8.. Incomin8 resourre$ R¢sourv8 expended l ¢rknJf¢r• Movemcttt irt fimds Unrei*rlet¢d fund* General fund 3,730,0SA {2,698,964) 1,031,087 Rtitrltted (￿n￿8 R¢stri¢ted fvnd 272000 (356,6111 (83011) TOTAL FUNDS 4 002 851 3 055.575 947376 CompirAdvei for movement In funds Net tnovemenl in fijthds At 31.7.23 At 1.8.22 Unrestrlcted fund¥ Get￿1 fijlld 1,685,617 687.499 2,373,116 Restricted fumds Restricted fLtad 108.969 43.943 152.912 TOTAL FUNDS 1794 586 2 526 028 Pag¢ 23 SIILLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED NOTES TO THE FL¥ANCLAL STATEMEi¥TS. ¢olltlDued For The Year Ended 31 J￿Y 2024 I& MOVEMENT IN FUNDS {collthiued) CompaTlltive net movement ID included irL the Hbove are as follows.. Incoming ruource8 Re8OUTces expended Movement in fund8 UDreitrlcted fvndi G¢ttcral fiJtLd 3,182,332 (2.494.833) 687,499 Rertrlcted fllDd¥ 118,041 (74,098) 43,943 TOTAL FUNDS 3 300,373 2 568.931) Page 24 LLS FOR INDEPENDENCE AND EMPLOYABILITV LIMITKD TIOTES TO THE FINANCIAL STATEMENTS- eontknutd fot The Yèar Ended 31 July 2024 19. RESTRICTED FUNDS The incotne funds of the charity include restricted fl￿dI cornpriking ihe following urtexpended balances of donations and grants held on trust for specific purposes. Movement lo fundi B41gnce at I Incotnln¥ AUg￿t 2023 re￿UrCeS ReJour¢e# ¢xpend¢ TrAngfer8 B*linee at 31 July 2024 Coly¢r Ferguson Free school meals 41,021 IOJ84 82 9JOO 6J94 {4&853) 14JOI (82 3,468 12,777 KCC {Buildin8 iinprovements) 3H 1,48(1 (303) 1,177 Variety. The Children'& Charity Royal BolaniLal Gardens K¢ni Active 54,616 (54,fj16) 200 (84) 1500) {sso) 116 500 Justgiving Worshipful Company of InformAlion Te¢hnologists The Bis Lottery Fund Kent Conununity Fouftdaiion 319 1.467 1336 478 478 126 I,ooo {1,0841 42 NINVEHEH Trnst MASOt)ic Chtiri¢Able Foundalion KCCF 2,500 903 (1,798} (6121 702 79J soo 111,400 I,soD (10,4001 (i Joo) All About Modular DoTh8tions 176 176 Tonbrid8e and Malling Borough Council Tunbridg¢ W¢115 Borough Council {21,000) 7,500 15.941} 1,559 The Cllreers and Enierprise Company BNY Mello 177 11771 4,171 171 J72 272.81MI (3J84) (19,472) 1118354) 587 Department for Education 77033 152912 (183,741) (23825 45,992 69,101 Pag¢ 2S SkiLLS FOR INDEPENDENCE AND EMPLOYABILITY LIMITED r41hTES TO THE Flh'ANCIAL STATEMEirfs- ¢ontlnued For The Year Ended 3] July 2024 19. RESTRICTED FUNDS (¢oDtlnutd) Cotyer Ferguson - £9JOO - A K¢nt based ch&rity who Award grants to support vulnerable and disadvantaged peoplc living in Kenl. Grants are capped at a maximum of £500 per gr&nt but there is no limit to the number tsf 8ranls that can be hpplied for. Our Colle8¢ Projects Manager applies for grdnls OTh behalf of Icamcrs al the Coll¢ge based on the leorner's individual oe¢d$. Ex3mpl¢s of grants applied for in¢lud¢ providing a learner with a new suit and sho¢8 to attend job interviews and paying for A learner10 attend twelve otse-to-olle ¢ounselling S¢SSLOn$. The grBnis call Otjly be spcn¢ on ihc Sp￿lfIC pioje¢t applied for and eXpendi￿re against in¢ome for ¢ach 8rani is tracked by the Project$ Man￿er. Free school mtais - £6,394 - The Coll¢ge indicaic which l¢arncrs ar¢ ¢ligibl¢ for fr¢¢ srhool m¢8ls, th¢ cost of ¢a¥h meal ond the llumber of m¢al$ each leamer will receive durin8 the academic year. The Education atld Ski115 Fundin8 A8ency providc8 funding based on this calculation plus an oddititsnAI SYD to ¢over odministr&¢ion ¢0818. The 3H Foundstlon- £J.480- The 3H Foundation is a local charity 5el-up 45 years ago to awards grNnts thai providc Tespilc lor people with dis&bilit)¢s and their Thc £1,480 w45 g¢nerously awarded tu the ¢o11¢8e to fvnd climbing lessons for learners ￿ pan of their PTin¢e's TNSI ¢urriculum. V*ricty, The Cttlldren'i Charlty £54,616 - Durin8 the ytar the College Ttteived grant fvnditjg to purchase sunshine co&¢h. Justglvlng - £1.467 - A mcmbtr of siatr rin ihe Pons marathon in April 2024 10 riis¢ mon¢y for Motor Neurone Disea.4¢ IMNDI. Tbe $iaff member committed ro don&re 1550 to MND wilh any &ddittonal sponsorship beyond her £550 largcl goin&T to the college lo pay for improvement5 to the sen80ry rooms. Kent Communlty FoundAtlon- £1,000 - Grant fundin8 WAS received in th¢ y¢8r LO providc support and ts&inin8 for th¢ coll¢g¢. NUYEVEH Trusl - This grant was Rc¢ived i¢J the prior year to pur¢hA8¢ materials &nd equipment for constructin8 outdoor, wooden activity and y¢ns0ry installYLtions around the wll¢g¢ Site and wjs fijlly spent in the year. KCCF- Granls were receFved for KCCF in the prior year lo fund the txpansion and continued support olThe Oak$' "Inio Emplgyment" progrsms S￿¢h &s th¢ Supported lthi¢m5hip progr8m which identsfy, ¢re8¢¢ and maintain ¢mploymcnt QPPOrnLnities for our learners when they leave the colle8e. All gbout ModuIar- This 8rant was received in the prior y¢3r to purcha$¢ nwt¢ria15 and pay labour co$t5 for The Hive. ToDbrld¥t Mllllttg BC £1S.OO• A grant application for funding the (klivery of workpla¢e•ba8ed opportunities for leaTtLers with SEND and who are ￿siden1$ of the borou8h was submitted and kindly approved. The £15,000 payment r¢presents the interim, 50U/o lts5tiltnent of the grant. Tunbrldge Wells BC- £7JOO- A grant of £7,51X) WAS kindly Hwarded io th¥ college to provide our learners with the knowledgc and ttaining uh Ihe skills required to eff￿tively support IhE ￿lln]ng of Charlie5 Angels ¢Afé. BNY Mellon - £4,171 - Volunteers from BNY Mellon have been wpporting staff and learners at The Oaks through thciT Community Impaci Prowam. In addition to the knowledBC, ¢xpEri¢nce and Expertise BNY Mcllon Yolunieers brin8 10 Th¢ Oak5, the Pro8ratn also attTact5 fundin8 frotD BNY M¢llon. Th¢ FutLdin8 15 b45¢d on th¢ number of Yolunt¢¢r hours sp¢nt at The Oaks and the funds Are r¢-ti)Ywted in the a¢liviti¢s which the Community Impact Program siipporL Pag¢ 26 SKILLS FOR IIYDEPEPIDENCE AIYD EMPLOYABILITY LIMITED r4oTES TO THE FINANCIAL STATEMENTS- tonthiutd For The YeAr Ended 31 July 2024 DFE grallt- £171,372 - Thc DfE provided fundin8 iji the yeai. to help maintain and improve the condition of $chool buildin¥$ &nd ¥rounds. Tran5fcrs repres¢nt lh¢ purchase of fixed assets during th¢ year frorn a restricted fijnd whicli arc h¢ld for a BenerAI purpose. 20. IiECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Year Ended Year Ended 31.7.24 31.7.23 Ncl incomc for the reportin8 period la$ peT Ihc Statement of Fin&n¢ial 947,176 731,442 Adjiistment$ for.. DepT¢ci&lion c114r¥cB TnieiESI received 218,7AI (13,2961 193.933 Iniereèl elcmcnl of liii'c purcliase aiid finaii¢e Icjse rer*lal puynient5 DeGrcasclllncrcllBel in dcbtoi's IDe¢reA$¢llln¢reu5e in crediiors 14,129 7.376 11 (17,8.Ini 33,353 {13.8971 Net cash provldtd by operoilons 1 066 366 21. ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash Ilow At 31.7.24 Ntt ca%h Casli at baiik And in hand 1677 093 721 156 2 3911249 721 IS6 911 Debt Finance leases 350,660} 27 72.2311 340,660 278 429 Totil 1.326.433 999 2J26.018 22. POST BALANCE SHEET EVENTS On 21 March 2025 Keni County C(MJncil BPPToved ¢0 fund the build of £2m purpose built prow$ion foT learners with physical disabililie5. Page 27