Regl¥t•r•d numb•r: 11813984 Ch¥ity numbfjr. 1188035 Forward2Employment (A Company Limlted by 13uarantee Unaudited Trustees. Report and Financial Statements Forthe Year Ended 31 July 2024 IACompary ty Gu*•nt••) Cont•nts R•lw•nN and Admlnlsirailvo D•thMs of tho Company. Its Tru•ts•s and Advkn•K¥ Trust••$' R•port Ind•pond•nt Examlnorfs Roport Statemfrnt of Financiol Actlvlthg Shoot Notss to th• Flnandal Slat•m•m• 10-22 (A Compjny LIM*￿ by Guarant•el R*f•ron￿ and Administratlvo D•talkn ol thfr Compfjny. its Trusts0• *ind Ad¥lso For th• Y•ar End•d 31 July 2024 Th￿10•• E A Hotton, A GIWett R J Hdton K BiiBory Company r•glst•rod numb•r 11813984 Chorlty r•gistsr•d fiuM￿r 1188035 R•gi•t•rod offlo• Urlt E3 KvthJht• P Krfghts Road ME2 2LS Xgiiodin Scth EA8t Umknl 12 Cwu8ror Court PJlttirvJbwn Kent ME10 58H Page 1 For*Trd2Émploym•nt IA C¢)mpwy Umlt•d by Guarnnt••) For th• Y•or End•d 31 July 2024 Th• Tru8tO6S W•senl th8lr ￿n￿OI roporl knpther wtlh the Ilnandal 8¢at•ment8 01 thr* Compary fr>r th8 w 1 Augu•t 2023 to 31 July2024. The Annual Rewrt SOTveB Ihg pwpo608 of both & Tru8tea8' report fjnd 8 directors. re￿rt under ¢c￿PaThY low. The Tru8la4 ccrfffi￿ Ihot the AnNJd Report and finan¢4018lalem•nl8 of Ihg chart18￿ c{￿Y L¥xnply vAth thè curront statutsy requ￿￿￿nts. th• roqulrem•nts of th• chrfiab c4)mw￿￿ g(Nemino (kjcument ond th• I￿Glon8 of tha Slatèmgnt of Ra￿rrnnd￿ Praclko (SORPI applKgble to charftles prylng thelr aCco￿ts kn accordance 7*Ath tho Finorthl Reportkng Standord wlicablo In the UK and Repthlc of lrnland (FRS102) (8ffgrltve 1 January 2019). Slnc8 th& Compony qualits8 88 8mall undw 81(aion 382 01 th8 ethnp0￿8* Act 2008. Ilw Strat¥c Repmyt r•qulr&l ol m&llum ond larya eompwth undw tho Compan188 Aet 2006 (Strat￿¢ Report and Dlre(Aors' Roport) RellulatKTh 2013 has b86n omEtted. ObJ•eUv•• and 8Clivili Poli¢lD8 and obkn•8 In 8elUrvJ obJ8ctl¥e• and fty adlvFtI88, the Iwvo tyon thje o￿lId0￿lIon tD genwgl guldan¢o prtlkshod by tho Charfty Commisslon relallng to pubfjo bengfft. Indudlng thè gUkIar￿.PUbllc baMIII: runnlw a ohqrffy (PB2Y. The chArfty 18 estab116hed for tho AdvAne4mèrl of thé ètknAllon ot por8on8 uThJer Iha aga of 26 ywr8 vAth Spwjgl Edursdonal No•d6, by provldlrKJ 4nd ossIBtiw in the wovlsh)n of faialilles and serv1￿$ to meot Iholr edu¢￿tiOn￿, deva10pm￿tOl and s¢d81 w•ifar• n8od8 in ordar that tlw can athlth t￿r lull polonlw and the b. 8tsutsglps for achlDvlng objecilY•• Wmo tsom Appr￿ to ral8lng a8plratk#)6 by anewrwrffj knt•ms to b8lm In and Iheir achlavemènt8. thom Ille 6kills a8 a gr￿P l.& trml tfalnlng, ￿]ng. bJdplng 8klll8 and al80 adapth cur￿J￿JM to mèet thè n8od8 01 the cppc•to Improv&gdn kn thiklll4 mo1tr• and Enu116h In ord•r lo be wA>r• In tho lalx)ur mtht T8achlrvJ gmploydbluty •kll8 8￿h as Ikng kwplng. tatrn *nrk, wthl•m •oMro atc. 068 to C8reor8 advi<* arwj guklanca. Ful raThJ8 ol pgr8onal developn￿nt and 8Nlchment actiwties T8kin9 advantapoffunthng 8rn1 gr4nts to Sup￿)rt in th• 4bw• •clvlllo& *IMllo• und•riaknn to ach1•￿ obJ•tho1 Thps as a gro￿ indmduwl routo trahlNJ wlh do(¥08S#VJ 6UPPOTL Supwtwith maklng L%xtorlDantal appolntrn•nts. pwl with openlrvj a bar* a￿)Unt whore apprO￿ats. Support k> alow Intem8 to flrwj a sullable charlty to 81vrth snd than 8UPPOrt to al￿ fuTrJrnlBlng lor Ihat Support and On￿mOnt tp get InK4ved In o)mmunltysorvk06 and facllltlo$ 6uth 8$1olsw• c•ntr•$ A¢￿6$ to 110 1 CrnB ad¥lea rn néxl 8tw. aMl•tlng *llh InteNkn. lob appllcatkY•. job40￿￿J BuOJ•llng aclmttas around shopplw forfood Advh>• wldonco 8t￿￿￿1 bermfts avallabl8 lo kntemB Pag• 2 (A Company Llmlt•d ty Guar•nt••) T￿￿￿0￿. Repor¢ (¢ontinuod) Forlh Year Endvd 31 Juty 2024 Obioctlvo• lind aciNltl•$ {¢onllnu•d) d. Main aGtlvldb# und•rtak•n to fi#th•r th• Comparfs for th• publlc b?Mfft Attendlng •v•nts, ShaAn9 of Inlomiatlon lo bu8in06S P8rtnèrB via Sodol Medta. Sharfng lrfomiallon ￿1th •dY>(4s tlwh caroer8 networ MBmb8rshlp of NaIsp￿ BASE And Kéni Chamb•r ofcornff￿￿ Eslablishlng now bu8lng88 partners k>cal rxyrniunity Mombernhlp of Local SuppDrted Enylowmnt Steethe wp M8mbgr6hlp of Mtyjway Charnplcffis Group Mothvay E￿ratIon P*ther*up Group Aehl•v•m•nt8 p•rfornwnc• •. Maln achl•v•mwth of lh• Company Due lo contlnued wowth new womitsos vMe n8eAléd to a(xxn￿￿to bcth IIWJ In￿8￿80 kn numbor of Inlerr and 8160 thg crnpondlTrJ Increase kn Jt)b coad￿8. Sullabl8 rnml8es hova arKI th• pro￿$1 h88 rolocatsd. IT conlir¢u8s to bo an I&Bue Ixrt It [8 hopod that thls wlll b8 r8#oivod som. 23 inl8m6 8uee888fuMy ¢oiryAelod thalr kntomshlp ywr end a further 4 ¢xmplet•d a pre4ntsmBhl) 3 oltho89 wlll bo contlNlng t¢) a lull Int￿[p Ih18 >tgr. W• rec¢lved 81 relerrnlL4 for &pl8mbw 2024 and haw offered 43 p14ca8. At ts tkn ofvffrlFTWJ 7 Intsm$ had lound full tlmo emV¢)>ment. 7 were golw on to fvrther tralnlno, 2 wern voluntowing aTrJ 3 Sdll lob seeklng. Wg conllnuo ow pthr6Np vAlh Pr4ect Soorth al Amazon ond havo eacured a •9¢X)￿J sbt• at Dargnt valley Flwital. We havo In¢x••￿1 tho numbw of McDond(kn fr8nthl8es that we wknorfng vrith u$ and Jul¢8 Ex6euOvo ho￿ al80 lolnad os a buth088. All other 1xm￿S r￿mIn Supp￿￿YO ar￿ 0)n￿nu8 to have Interns. We A(*Èt8veAI o(xrethlgd statu8 In our EQF auilt In January 2024 and wlll b• r¢-￿asSed in Othbw 2024. Wa a160 ￿ a lull lectlon 8 018ted In8p•clion Sn March 2024 and r•rnivod a G(>od rath¥. F¢llov+ing t>Jr InsF*Ctlon w• ha4ffj (wr currfcubjm ¢)ffer. c*lrwJ th• English quallficalon Io o fu￿￿(￿[ $klls qualth￿On Inste•J ol GCSE and thg personal develo￿￿nI al8mgnt ond enrfthmDnt oppO￿nIt￿. W• hava Inuogsed number ol Job Coach￿ aThJ n(Y+V also how lun thne odmin cover and • Senlor Job Cooch io over8e8 the toom. Tho Local &Jpwtad Emplownent sc￿m￿ (#)nllnue8 and funding k*r another 15 8pace8 has t￿n agreed ¥thl¢h mèan6 w• can now Sup￿ up to 30 Adults on top of tho tnton) numbers. We ran a vory wxcessful bu8lneBs oTrJogomenl ovent v part of th• Local Supported Intem8hlp $to•ring group. fknr 60 bu8ln88688 e•mg to out about Intom6Nps and thoy C4xIA benBfft Ihelr ￿SinesSeS. TN8 OVont18 éua to ￿ rep88￿ In January 2025 a t￿1 of I￿al 8chco16 and colla9￿ tn order to 8peak lo soung peopl• and parent8 caror8. Page 3 FoThwrd2Emplown•nt IAComp•ny Llmlt•d by Guwants•) Trust•e8' Report(¢ontlnuod) For tho Y6Ar Ended 31 July 2024 Fb)anolal rnvi•w Going ¢on¢•m After md(kng approwlato eThp#rf68, tho Tru•t•O8 hav• a m•on•blo expthtim Ihat th• Comp•ny adaw•te rasouw to ¢¢)ndrth In operatlonal 8xtstenc• for th8 lore8éè0L4è fvI￿. For thls rea8c￿, Ih rA>ntIn￿ to adopt tho golng COn￿M bqth In prwrfrwJ tho Ilnandal slat6m￿lS. F4Jrlher d8laNs rngardlng tho adopkn of the golThJ vJrKem ba818 can be in tho a(xxKm￿ng PL41(%8. RM•rv•8 pollèy Th• Chorfty hokl al 31 Juty 2024 of £3S1364 (2023.. £216,372) corbsl8tlng ol £Nil {2023: £Nil) re¥trtet•d funds. £308,145 (2023: £189,814) r•61r1¢t￿ lund8 £44,219 <£2023: £26.558) rostndad fixod a8•et fiYKI8. Sinth• govgrnanco and Th￿•mOnt a. Constilution F￿￿2EMPttsYrnent h reglatsred a8 a d￿lI12b18 Iln¥ted by gur•ont￿. and wa8 •Ot up under Its PAomNorrtl(m and Artlc4•• datwj 12 Septombgr 2019 a8 4moThJod byGpodal r•8olulton on 17 Februory 2020. M•thtsts of 4>polnthiont or •l•¢Oon ol Trust••s Tho man8￿m￿t of thfr Conyony Is tho ro$F￿S￿lI￿ of th• Trustms who ara deeted and coll0pt￿l under the terms of tho Trt￿l d￿d. FI￿&￿1•1 rf*k monog•m•nt Thg TruBt8eJ as8aS8ed thg n*r rhks to whlth the Compony16 oxp068d. In parlI￿￿rth0s0 relatod to the oporallons and finarKes of iha c￿ny, aro 8gtlsfied that sysloms arKI prtt•dur8s oro In to mIti￿t8 P•J• 4 Fornrd2Employm•nt Llmk•d by Guarantso) T￿￿1￿$, Rjport (contlnu•d) For th• Y•ar End•d 31 2024 8tat•m•nt of Tru*t••8' r•$pon•ibilili•• The are akp tho dlrectors ol Ihe Componyfor Iho purpDsos of•J0mp￿ law)are rn8p(mlblè lor prylng Ihe Tru8t888' Rep)rt and the fin￿da7 61al￿Tr￿ kn aC0)rd￿Ce WWI applkatlo faw and Unked Klngdom Ac(>)untkng Standards (Unltod KlThTlom GgneraIlyAc(￿P1Od Practlce>. Compory law woqulres the Tru81886 to rwvpgrg financlal sthm8rtB for eod) Ilnanelal . Undor coffwnylAw. the Tru8te•s not apwov& the financlal 8tateme￿ unta88 thay 8r8 8akn8f￿d thel 1hoy Ov• a IN8 and Idr *A6w of Ihe 6tBts of affqlrs of Company 8ThJ of Its Inc•mlng resoLYces ￿ apFdlcatlDn ol resources. Includlng IrK¥mo and •xpendthirn, for Ihat ￿TkA1. In proparfrvJ tha80 fin*)dol statomnts. th• Tn*laes oro roojlred to: 8doct •ultabh acC￿nI1￿j p)UcloB and thon aFytyth•m con$161oDl￿. ob86Né the mgthods ar￿ prfndth of the c￿￿￿￿6 SORP IFRS 102): mok• aThl aoxJmthYJ Ihat are ro￿OnIbl0 and pnthnt; 8totè whoth8r oppllcobla UK A¢Muntwy Stondards (FRS IIY2) have boon fofo)wBd. •ublo¢1 to •ny maierlol d¢parlwe6 dl6d060d and explalnod In Iho fflnondo18tatamonM' preparn the finand8l6ts1￿ts on tho golTrJ CO￿•M b•th ￿1••1 It lo Inapwopriata tr• prwumo that lh• Componywl rA)ntlnue In t￿1￿8••. Tho Trnsloos ar• respon￿￿10 for keeplng adwate aC￿n11n9 remrd& that aro sufflclBnt to Ghow WKI eX￿￿n tha Company8 and dlsdos• wlth r8aKThblo aecwary 8t any lyne financlol poslllon of the Ccrfnpany 8nd thom to on8we thot tho fmandal 8lat•ments cThnply wlth the Companl&s Act 201￿. They ar• also rosp(Thlbl8 foT Safeguardlng a$8ots of thB CoThwBny and honce for laklw ￿aS￿ble 81op6 fr*th8 pr•v•ntion ar¥J dotodion offrnud and othw Ir￿￿•￿tleB. AFprovod by or(Iw(rfthe members ofthe l)oard ofTM•tsa• Ènd &lgn8d thotr behalf by. E A ￿ltOn {Ch8irof TTr￿t￿ Dth: IQ-03 -￿￿-s Pogo 5 FoThYard2Empl0yii￿ IA COm￿ry Llmtt•d ty Guarnnt••) Ind•p•nd•nl Examln•ts Report Forth• Y•ar Endod 31 July 2024 Ind•pond•nt Sxamin•Vs R•portto th• Trust••8 of Fonwrd2Empl•ym•nt fth• Clxnpan I report to th8 d*rity TrLMtaes my uaThinalK)Tr of lh• acwjnts of thg Clxnpony for Ihg year endgd 31 Ju 2tr24. RKpon•lbllili•s and Basis ot R•port A8 thg oftr* Company (and It8 dlr•etor8 lor Iho purrA*as of ￿n￿anY10w) you aro respJn6bi la for tho prepara11L￿ of the a¢cwn18 In accordance wlth th8 requlremont8 ofthe Coryynles Act 2(A16 ftho 2fJ)8 kf). mysow Ihat Ih accThmts of th8 Company are Mt requlred to te a￿jItod und•r Part 16 of Ih 2LY)6 Act arbj arè ellgible for w)d8pendent oxamknolon, I rewl In reJpect of my axqffAnatlC￿ of th• Compa￿8 acrwnts CAMod out Under*￿1)n 145 oflh• ChwlllBB Acl 2011 (tt￿ 2011 Arfl. In catyng out my examlnalion I have followed tlrFcth)n$ glvon by ￿ Charfty Ctynml6slon seclkrt) 14q5)(b} of th• 2011 Aet. Ind•p•nd•nt Examln•¢s 8tat•m•nt Sln¢• thfr Compan￿$ gross Ino3mo 6x¢&oded £250,(X)O yow oxamlnor mu81 bo a m•mb•r of A brAty lis1￿ In sodon 145 of ts 2011 Ad. l ¢o)flmi that l arn quallfiod to ￿￿ortake Iho •xamFnolion boeaufté l •m a M￿b•r of A880dBllon of Chartored Cwlified Acc4Mmtants. whlch ts ono of the Ilsted bodl88. I hava compl•t8d my WAaMIna￿￿. l ¢Jififlm that rn mattefB havo to my ottentlon In (￿nn￿￿On wHh Ihg examlnallon glvlng me cau80 to believe: 4cc¥xmllng record6 not k•pt In rn8p•d of tho C(Thpwy Q8 requtred by soctlon 388 of th• 201M Acl,. C¢Amts do rnt &)mply wllh th• ietounuro r•whm•nts of 8OCtion ￿ of th9 2000 other thon W fequ]rem8nt tho1 the acL¥)unt8 gfve a and latrf th whlch is rK>l a matter c￿lS1dered as part of Indepgndwrt 0x0rthatk￿. or Iho a￿Ounts havo not boon pmparod In aceordAnca wllh tho mdhodo and prknclptes of the Statem8nt of Rec¥xnmanded Pradlce for acc￿ and repoJtiffJ by thoritl88 lappllcAble to charlU&s yoparfng thdr accwts kn a¢wrdanc• tho Fln8ndal RoportlrKJ StarxlArd appll¢able In Ihg UK and Rewblic of trdand (FRS 102)k I heve no conc•m8 and havo cm acro8$ nL¥ other In Conned￿ wllh th• •xamlnatton k) whk* attentlon th)uld bo dr•￿fi In Ihlts roport kn eidor to enabla a rmper wd•F8taTrJlw of tho a¢wunt8 to bo rMch•d. Pagg 8 PoThvard2Smthm•nt (A Comp•Thy Lknltod byGuarnnt••l Ind•pMthnt Examln•¢s R•port I￿￿tinued) For th• Year End•d 31 ￿lY 2024 Thls TOPOrt18 mado solgly to Comp9nrf$ Tru6leM, 88 a bo(ty. kn a¢o¥danc• vAth Part 4 of tho Chari1168 (Acctsunts and R•port8) RwJlatkTh 2NJ8. MyTth has bbgn ￿K19rtAk*rn 80 that I mlght State to Ih• c￿nprIn￿6 Tru8ts66 Ihose m8tt8r6 1 am rnqulrod to 61oto to in ￿ IW&ThYont Exan￿￿o¢S R•wt and for no othgr PWP080. To th& full8st exfenl pemiittod by law. I do not acc•pt or 8$5ung respon81bMlty to other than Company and the Companls Tru8te88 as a body, for my wcrfk or for this rfrp &gno&' Datod: Lo los l£olS FCCA Xolnadin South Ea•t Llmlted 12 ConquerorC(#Jrt slit1rob￿rn8 Konl ME10 SBH FOrn￿2EmP1oYmQnl (A Cmpany Umlted by Guarnntr•l 8lai•Jrnrf offlnancw a¢tsvill•s (In¢(Wr￿n9 Incom• and oip•nkn aCco￿tI Forth• Y•ar End•d 31 ￿lY 2024 ro funds 2024 fund• 2024 21,764 27.902 409.9V Chorftailg odtvttl•6 634￿•1 Total h￿Orn• 656,162 650,102 437.834 Expondlturn on: ChArttabl? 520.170 520,170 323,928 Total •xp•n 520.170 520,170 323.928 N•¢ mryMm•nt kn lunds 135.992 135,992 113,906 Rocondlladon •)f lunth: Total ￿Jght10r*Wd hl•t nwvoment In fwKI8 21V72 135092 216Jr2 135.9f 102.486 113.906 Totsl funds ¢Mrf•d forward 352,304 352,364 216,372 Th• PA8tem•nf of Flnancw PdlvlU88 Indudo• all g8ln8 and lo#es In th• yw. Tho TrJta• on poga8 10 tr122 fomi pth ofth*a finAnci41 *lot•mont¥. P&J• 8 Forw•rd2Empkn•nt (A Company Llmitsd by Guarant••) Roglst•red numb•r. 11813984 Balanc• Sheot As at 31 July 2024 2024 2023 FSx•d ass•ts Taryible a8Sfjts Curreni as¥0 10 7.015 08btor6 C88h at bank and In hand 11 75,230 291.90S 108.557 104737 367,135 214.294 Cre(Itows: arnounls falllng due vlthtn ono year 12 140.1791 {4.937) Net c￿￿•￿t assots 32Q950 209.357 Total n•t 4Ss0ts 352A04 218.372 Ch•rlty funds Restrlcted lunds: R•slrlctad funds R￿tricted fix&1 assel lunds 13 13 301145 ¥219 189.814 26.558 Total restricted fund 13 352,364 216,372 Tothi funds 352J64 216.372 Tho Company wa8 enlltlgd lo oxernptlon from audlt under Section 477 ofthe c￿panIes Aci 2008. The membgrs ha￿ r¥)t requirod Ihe Comp￿Y to oblth ￿ audll for lh8 year In q￿St10n in 8¢corS Tho not88 on page8 1010 22 fom? part oftho80 financl81 •1otsmonts. Pdg6 9 ForArrynert 16 a tharitabto CLYnpany Ilnit•d ty guarthrteo. Yiah 8htr• fAixltit. and k8 r•gl8ter•d In En¥and W•h& Thg regE8t•r•d numbern, and addr￿8. can bo louTrJ wllNn the BdmlnlstraUN? d•taH$ page d Ih888 Acfxjunts. Tha IIBbllty of rnomb8r8 15 fflmlled. Each mombor ha und•rtok8n to contdbulo a not 8xc4gdlrvJ £10 tOW8rd$ th8 48blllil88 of compony In th8 8v8nt of11 beIr￿ wound up wNle Ih8y are o member or a F￿1 ot 12 mDnth8 8ftar thay ceas• to b6 8 ￿￿O￿ntIng poli¢i•s 2.1 Ba815 of pr•puthn offinanclal ¥tst•m•nts The ffinanclal staternents bgw pt8parod In ac(xYd*K• wlth th• Chaths SORP {FRS 1021 . Acwjunting and Roporllng by Charittos: Stalw8nl of Re4*mmondad Pradc• awicablo to chariu propaing thelr a¢￿Un￿ In accothneo tho Finond#l R8portlrvJ StoTrJttrd appllcable In the UK Ml Ropubllc of Iral8fKI CFRS 102) (offectlve 1 January 20191. the Flnandal R•poTUng Standard qylleablo In tho UKAnd RapU1￿1¢ of Irdond (FRS 102) and thg c￿lP9rd•S kt 2Cth. F0Thvard2EMthTh￿t mg9ts the dgfinlllon of a putr1¢ b•n•fft onlty undor FRS 102. Assèts and Kttblllllos are hitt41￿ rece￿]Sed at hi8torical co8t or tran6adlon va￿8 unle88 01hep￿se Stated In tho r•iovont accounllng pollcy. 12 Golng concffn Tho fknancial stalw)w￿ ar• kyeparad ￿ a eonearn bas* And there gre no mat￿ts1 urnertalnll8s that ¢88t slw5flcant dothrt on ts Cl￿1￿6 Abllty ¢0 ￿￿nue as o ￿nll o)ncam. 23 Incom I IB rec4*th￿ orM* the Cryany h06 8nllll•m8nt to th• Incomfr. tt Is prrknble that Iha IncoTng wil bo racewmd and th• ￿n￿TrI of IrKomo recelvat40 can bo mea6ured [dIa￿. Inemw rocaW for but not •xpBnded duling th• perknd 16 lh￿￿￿ In th• rèlw•nt funds on tho Balan(Yk 8heeL Whore IKomg i& M¢xfvad In advane• ol anlillement of r•coip( It8 rncognitspn 18 deferred kndud•Y kn fx•ditorA A8 defeffed inc4)n*. Wher• onllllement 0￿r6 1)8fty& In￿Me h r•cth•d. th• In(x)me18 awu8d. Other Irujrm l¥ rocognlsed In Iho perfod In whkh It h rO￿l¥oble and to tho •xt•rt tho gty>J8 hav• on pro¥ld•d orw cthroietlon (rf the 14 Exp•ndltur• Expnditura IB r•cwrdBed onL* thera is a 1•901 or conslructiv• 0bllg0lx￿ to tfan8ler ec*xK>mio ngfit to a pBty, li ￿ probAble that a transfor of t*nef6ts vAiI b• reqthd in 8gtU8m8nt and tho am0￿1 of Iha obwon be rdlably. Expondltur81s C￿%31￿8d by 2cUthy. Tho c06ts 01 eath or• m•d• up of th• t￿[ of throct cobts shar￿1 ￿sts. l￿d[ng ¢ost4 Invdved In und•rt4klTrJ each adivty. Dkact CO8ts attrfljjtable to 8 slngla aro aloeatsd dlracty to that adivity. Shorad ¢08t8 whld) c£mtslbuts lo moro lh￿ one aCtI￿ty nd 8UPWt co¥ts whlch are Tr)t allrtxrtablg to o •1￿? aGU￿ty are aPp￿d btsiw••n adivlll68 on g bo818 con81st8nt ￿1h Ihg uso of ro8ourcos. C•ntro1 stsff eosls aro allo￿ted on the of Ilm• op￿( arKI dowoc4atkn allo¢thd on th• portion of tt* a88•1'8 u66. ExpeThdbturn cffj thrltabl8 ac*Mll8818 on und•rtakhg tho aellvlll09 %thith fvrth8r tho C￿￿PanIS obledlve8. as w•U aB aryawidated supwt OJ8t Pw• 10 FoThvMd2Emplo￿nI (A Compw Llmlt•d ty Guarnnt••) 140tss to th• FlnanCi￿ 8tatoments FfA th• Year End•d 31 July 2024 eountlng pollcl•• {¢ontlnu•d) 2.4 Exp•ndlturn I¢oDtlnuod) l •xp•rKNIuto h inclu6lve cl IrreM￿atrA• VAT. 2￿ Gov•rnm•nt grants Govwnwffjnt grants relatlng to twyblg ffix￿ oss•ts aro tr6atdd aÈ daférrnd in(x)mg rol&as8d io Iha Slatam•nl ol Fln•n¢l•l Adi¥ftlo$ Iwr oxpthj wgful Ilves ol th9 OBs8ts ConC￿ned. Olhar kvants aro crad6tsd to tho Stat6mwrt cl Flnandal Act￿111•• a• Ihe rn1&t￿ 0xp￿j11Ur0 IB inwrod. 1.6 T•nglbh r￿d au6ts and d•pr•elailon Taiwlè fixod a•set8 ore inthally r•cowlsod at ￿)st. Aftw roo(wilion. under Iha CO￿ modgl. lawlbkn fixod 888818 are measurod ot cosl1•88 accumulatod depre￿o￿On and any o¢rurr¥Jlatod Imp01rn￿ lostses. AH cuts InLMM￿I lo brfng o langlbl• fixed a$￿t Into K• Inknlod workw Id￿On sh￿Id b• Indudod In tho masurwngnt ofc08t. At •a¢h Tethkng dato Ccrnpany a•••sM8 Ythgth8r thwe Is ￿ klthcalkn oflwllmgnl.118￿ thdl¢alknn •￿$ts. th6 roc4)veroblo amowJnt of tho a6set h dotwmimd to bg th8 hwgr of Rs falr valu& Itss to Bell and its va￿8 In uAo. An Imwlmw)I lom Is r•(W￿98d where th• cwrylng •mourt èxc•8ds the reKx)vwoblo amwnl. Depre(yalion18 to allooata thè eojl ol tthndble fixed 108• théFr raglthjal valu ov•r th•1[ estjmatsd uthp th• strAlght4kn0 mett)od. Fixiwos and fltUr46 Officg equipmont C￿uler aqulpmanl 10% 8trahJht Iln8 25% •tralght11 33% •traW Ilno assets. reBtdual value¥, u88fiA INOS and d¢pre¢knllon mgthoth are wowfjd, and •*usled I￿6p0￿1Ve1Y K approprfate, or W thoro18 an Indcatton ofa *rwll¢ant Cha￿ 8lne• th• last reporting akns 8nd103808 Th) dlopoBah ar• delem)In•d ty ¢2t*npgty lh• proeoods th• AM0￿1 and oro To￿9r￿ed In thg Staterm￿ ol Finondal Ac114rf1505. 17 Dablo Trndg and olh8r debtors ar• r•cowt8ed at 80tt18mBnt amwnt after any trada dl8eouni offwwj. aro vduod at lh• amtwnt wepald rntof wtrado dl8eount8 du•. 2.8 Ca•h at bgnk and In hand Cash at b8nk and kn h8rKJ tnclud86 ¢A8h and th0rt4errn l¥gNy Iquld Invwlmants a slK*rt maturlty of Ikwoo month8 or Iw from tho ol AcqulBltlon or t)P8nhvJ of tho thposit or similar Pwe 11 FoThvard2EmployiMnt {A Compw Llmli•d ty Guowanlm) NotOS to th• FInan¢l￿ 8tat•m•nts Forth• Y•w Endod 31 July 2024 Accounting pollel•* (¢ontlnu•dl 2.9 U•blliti•s and prov1￿0 UablllUè• w• r•wn188d whon there 18 •n ¢blWIkn at th• B•lan¢o Sh•6t dBie 0$ a mull ola paBt ovent. li Is probable that a transfer of 00)noml¢ btsnofll ￿411 be req￿red In wttlwn•n( and the amount of tho •etlkn*nl can b• e8tknatod relkbiy. LSoblllO88 are re(x)gnlsed at thè ￿lour￿ that t￿ Company onllclpates tt ￿11 pay Io 8etl8 th• debt or the amount11 h88 rec8lv8d A• otlvonc•d pawnonts for Iho goods or tt nw81 wovklo. PmiBions ar• me&Bwed al Ihe b68t esUrMt• of th6 firnowts r•qulr6d to 6eiVg Ihg oblhJatKrf). ¥Vhore tha affect of the timo valufr ol monoy18 matsrfaL thts proNlslon Is basod on th8 presenl value of th068 amownts. dijeowrted at the P￿￿thx thscount rai6 that r•nect8 thg rtBks sp¢th to thè 110￿1￿. The unwtrnllng of tho th(xJunt18 recffjnlBed in the Statomonl of Flnon¢fal Ad1vi￿ as a finance uxt. 2.10 Flnan¢iAI ITh•lnm￿nts Tha eompgnyontylws fnand818880ts arxl llnanthl11obllltle8 of o klnd Ihol quallfy as bosicfmandal IMtNmant8. Basic frnndal InstruThrts arn Initloly r8wJnlsgd at transaction valu8 and Sub5QqL￿uY m8a8ured •t their 8btUwn•nl v81u8 T*éilh the oxcepllon of bank 108n8 are Gth)seqW m&08urod at amorlltsèd U8kng tho Offèetlve intar•rt m9th¢￿. 111 Oporntlng haB•• R￿18￿ Pad urlder opwattno le8Sa8 Brn chargthl to th& stallm￿ of Flnandal Aclvibo9 ¢)n a $kn￿ght41￿ ba61$ D￿rthe18A8e twm. 112 Fund aocwnting Restrtctod fund8 are fvnds are to bo u60d In acryjrdanco wlh 8p•¢lfl¢ re8trf¢tlons Imposed by donor8 or ¥A)lth hm bggn ralB8d by Ihg ComFony for pwuculw pry886. Th• costs ol ralslrKJ And •Jmlnl8torwy such fur#* thrgad agaln8t Ihtr 8podlk fvnd. Tho aim and uea of oach r88tr1c*8d fund 18 oul In th• Th)to810 tho fIn￿ddI stat•n)•rth. Z13 Ag•ncy arrang•m•nts Tho eharltyaet6 a8 an ogent In 1&191)ur8aryfvnd& frem ESFA Payn•nts f(om ESFA and wbsoquent dl8bJr8*n8ntB to •tudonts exdud6d from tho 6tst0m￿t of financlal acti%rfU•s as th• acad•my tru8t doeB not havo (xxthol over th• ¢harftablo appliootk)n ol tho fvnds. The tharbty Can u88 up to 5% of tho ANC￿lI10ft iowAnls its admlnistfatwjn costs and this is recognl8ed In th& statamont of firn•ndal Tho fu￿ reca￿ad and pad, ènd ory b￿8￿ h￿d aro th8dcthJ In nrAo 18. Page 12 IA Compffiy Llmlt•d by Gu•rants•) Nots• lo th• Flnanclal 8tatsmonts Forth• Y•ar End•d 31 July 2024 Crhleal acwibrtlng and aT•a$ ol Judgm•nt Estlmates and ludgm•nt8 are (xJntlnu8lly •valuated and w• based ryb 1¥stcKlcel and othgr foctors. Indurfry oxpthllons ol fvlwe evonts Ihat *• beI￿V8d to b8 reasonable uThJer the drcumstance8. Crlucal a(￿untIng 861brnl88 and 86wrroti(M: Th8 CcTnpany makos estlm•tos and a8$￿￿p￿ oxKffiilng Ihé fiAw•. Tho resultlno a¢ctyJnlt 88tlmal8s and aSS￿npU￿8 wlll. by deffiEtlon. ￿U01 th8 related acaual r•8ult& Th8 8slimates and a66Wons that have a dgnlffiw)l risk ol eauling a matorfal adJu61fflert to tho ca￿Ying Amoun18 01 aBEets ond IlabM61188 ￿lIhth tho fin￿aTr aro dl8cu886d below. Incom• from donotlong and l•goel R••trictod Total funds 2024 ft4nds funds nds 2023 Capltal Grants 21,764 21,764 2T.902 Total 2023 27.852 27,902 In¢om• for th• Charfty¥ •th¢allonal support8•rvl¢•s lund8 nd8 2024 fund 2023 ESFPLdgrant8 634.398 634*8 409.932 Total 2023 409.932 409,932 Pago 13 Fomr02Employm•nt IA Compiry Lknltsd ty Guarath) For tho Y•ar End•d 31 Juty 2024 Ana￿19 of •xpondliuro on chorlialkn aollvltt89 fund tyP• RKtriet•d fun Total 2023 520.170 520,470 323.928 Tohl 2023 324928 323.928 An*#ts of •xponditurn by aclivltla• undortak•n dlrn¢ity Support Total lunds Total 2024 2023 duethn81 suprth aérvica& 25,CQS 495,185 520.170 323.928 T•￿￿23 5,616 318,312 323,928 An*81s of dlr•ct Costs Eduutlonal support seivic05 Total funds 2024 Tolal 2024 2023 PJtaff dgveloFYngnt s￿onI dwolppment 7,361 612 17,032 7,361 612 17,032 4,420 1, 196 25.CllS 25,1105 5.616 Tda12ff23 &618 5,616 Pago 14 (Acornpa￿ LlmFtsd by Guarant••) Notes to th• Flnancijl 8tat•Th•nts For th• Y¢ar End•d 31 Juty 2024 Analys18 of •xpondi￿r9 by actlvltl•s (eoDilnu•d Anaty$ls of suppqvl Eduefitlonal support Total lundi Tolal PrlnllryJ. postsga and ¥lall(mry 3.850 3.007 3,850 3,¢X17 1125 Marketlng & p￿1¢ R•lalion8 G￿er&I adminl8lralfv8 Rent or lea88 of bulldlng8 other prerrfBes co8ts Depredatk Trovol SubserWionB Logal and prole681onal foeo R8palrs And malntenanco Bonk chrge8 staff Wagos ewj debt provTr8lon Management Chargos I1￿rar Z113 2.081 24.253 6.401 35,674 35,674 4,103 4,103 2.255 122 3,422 12268 12275 11275 104 219.477 3210 15.496 323.057 15.496 SO￿00 8230 59.343 8.230 495.185 495.165 318,312 T￿81 W23 314312 318.312 Ind•p•ndent •xomin•V$ r•mun•rallon 2024 2023 Fo09 poyable lo the C￿pany*S Indep￿dent oxamIn￿fQr tho Indepondgnl examinatl¢)n ol the Compaws 8Mu•l a¢thints 2￿20 Z280 Trust￿$. rnmun•rntlon and oxpenB•• Cxwtng tho y8ar, no TDAo88 rne8fvod any remunorallan or other b8n8flts (2023. ￿lL). DudrvJ the year 31 July 2024, no TnAte8 expan888 hAvo b•èn kwwred (2023- £154). Pago 15 (A C•Jnwny Lknlt•d by Ilotss to th• Flnanclal 8lat•m•nts Forth• Year End•d 31 Juty 2024 10. T8nglbl• fmd 4u•ts Ilttlngs gqulpmont ¢¢xt or valuallon Al 1 Augus12023 11X2IJ9 15,735 10,871 22,491 6.781 At 31 W2(r24 33.36T OoprnciAlton At 1 ￿U81 2￿13 Chtrp ft>r Iho 5 1795 103 At 31 Jdy 2024 7MBI 7,959 Not book volue At 31 J￿y2tr24 7.125 25A08 At31WW23 4414 7.015 Pag• 18 (Acompry Umlt•d ty Guarnnte•) Not•s to th• Flnandal Stst•￿ts F•x th• Year Endad 31 Juty 2024 11. Dobtorn 2024 2023 lkn aft•r than on• yoar Rent d•po8lt 11,970 11,WO Du• wlthln on• y• Trado dobt(Ys 882 9.875 5,OOD 75330 108.557 11 Cr•dltorn: Amounls falllng duv wllNn on• year 2024 Trade credltors Otsr crod6tor8 Acuuak and daferrod Incan? 33,711 3.648 1657 2,280 40.179 4,937 Page 17 IACompary Lknit•d by Guarnth) Notss to tha Flnanclol Stat•monts For th• Yw Endad 31 July 2024 11 811t•m￿ offund8 8tal•m•nt of fund*. euTr•nt y••r Tran8f•f• 3alanc• it Inlout 31 July 2024 u•t 2023 Incom• Exp•ndltu DE IESFA ravenua I8•￿14 389344 1250,9131 308,145 IB2 a2￿14 (182.340) (8U14) Lo￿1 auttK)rfty. top up 189,814 134,398 {51Q067) 30&145 Restrlcted fix•d a*50t fundi Asuts held for deprochU¢Jn CarAtal &wants 7.015 I9￿5 14103) 25AO8 18.811 21,7•4 26A5B 24,764 (4.103) •IV19 Tot•1 R•8trld•d 656,162 (520.170 Re8lthd lund8 aro appliod speelknly N) accud￿¢9 wxh tho rul88 al each grant and 8UPPOrt th• Jedlvos delhréd by lh8 Charfty. Rastrlct•d Ilx•d *5sot funds aro appw to th• molnt•nanc• knprov8nMt ol all Iho ChwW• fix•d Page 18 (A Conwary Limit•d by Gu•r•nt0•) Noi•5 to th• Fln•nGlnl 81•t•m•rt8 For tho Y•ar Enthd 31 July 2024 13. Sta¢•m•nt of funds (contlnuod) 8tatsment of funds - prlory•ar i AuguJt Translers Bal•nce al Rostrictod funds DIE ESFA r•v•nue won18 Olhgr oov¢mm•nt rnvenue 102,468 246,381 (15¢072) (961) 18&.814 134506 24095 (IM506) (24095) Loc41 wthty- top up 102,486 409.982 (321,873) i) 189.814 R•strltyt•d fft•d a5Setfun Assets heid for dopreciali(*) C&t4tAI orants R255) 9,270 (8,3099 7.015 19.543 27.852 27,852 R255) 24558 Total RMtrl¢t•d funds iOZ466 437.834 (323,928) 218,372 Page 19 IA Compiny Lknknd ty awrantro) Not•s to th• Flnan¢i*l Stat•ments For the Y•ar End•d 31 July 2024 14. 8unNMry affunds 8ummory olfund8- eun¥nt Balan￿ 4t 1 August %)23 Tronsf•rs Balan￿ at inlout 31 July 2024 Ineom• Ex￿nthir• 189JJ14 (51611671 14103 308,145 44,219 6J72 OK162 1520,170 8ummwy of funds- prlor ymr l Aiwt 31 J(ty2023 Rotstrithd fvnds Re*l¢ied ilxed 08tset funds 102,486 409.982 27.852 (321.673) (1254 18tr.814 2&558 102.466 437.834 (823,928) 214372 Page 20 Fonvard2Employm•nt (A Com￿nY Llmlt•d by Guuant•• Notss io th• FSnanclal 8tat•m•nts For th• Y•ar End•d 31 Juty 2024 l& Anatysh ol n•t ￿••￿ boM*•n furbdB Anotysh of n•t a•••l• b•iw••n fund8- ¢wr•nt p•rfod R•strictsd R•stiict•d fix•d ass•t runds Tolal fvnds 2024 2024 Tarylbl• Ilx•d 480ts Dobtors due after I￿re ona year ont a88•ts 25A18 25AO8 11.9TO 355.165 (40,179) 236,354 <40.179) 18.811 Total 308,145 44.219 352,364 Analys* of net 0880ts bol*wn fvnd•- wlor p•rlod funds 2Q3 23 Tanglbl• fix•d o•Mts Current a6s•ts Cr•dltor8 duo wryihk) on• ￿Or 7.015 19.543 7.015 214.294 (4.9371 194.751 14937) Totsl 189.814 26.558 216.372 16. Op•r•thg l&a8e commllm•nts At 31 Juty 2ty24 the ￿panY cornnlkn•nts to mak• futuro mtrknum l•u• pgsTh•rts und•r ncTr 1*n￿lIab￿ ¢¥orallng l•a•e6 a8 follows: 21124 Not l•t•r l yw Later than 1 yw arnl not bAtw thon S 22339 77.973 19.327 IIHI.212 19,327 Page 21 IA CompAny Llmit•d by Guarant••) Nots# to tho Flnanclal gtatsm•nts F*xth• Yèar Ended 31 July 2024 17. R•lat•d party transactlon8 t￿rfft9 tha y8Ar. tho pakl £323.057 P023: £219.288) In r•l#kn to Staff wag•s and £80.00012023: £Sg.343) h relaljon to mAna9gment d*rg85 to Forfl$ Trust 18 an aeod8my tru8L Th• d*iity$ trustoe E A Holton Is also the vke ￿dpA1 of F(xUs TpJ6L kn of 31 Juiy W24. £26.006 {2023: £Nil> wa8 outslonthng. Th8 thawlty dlstrlbutM 1&19 bursary fund8 to St￿1￿ as ￿ aggrbt for ESFA. In Ihe a¢a)￿ling Perknd fAKling 31 July 2024 fhe chorfty rocalved £4,088 and dlsbur8ed £440. Thore h A batanc• af £3,648 Induded in other uethtorn to undi6trfbuW fund8 Ihat Is repa￿0 to ESFA. cOmparn￿¥8 for Ih acc￿nting pwknd 31 Juty 2023 wo £10,8110 rec￿Ved. £10,8￿ di6bur8od and £NII