Docuslgn Envelope ID.. 94E46C5F4566-457A4E2B-58596B3EA3FO Charlty reglstyatbon number 1191125 Company reglstratlon number 11928188 IEngland ahd Walesl SHIFT ORGANISATION LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 0￿SIgn EnvdcpB ID.. 94E46C5F￿s664s7A-8E2S-SSS96B3EA3FO SHIFT ORGANISATION LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees MT MB Clark Ms S Humphreys Mr Nl Pendry M5 R Cramer Mrs PV P3rkÈs Mr K Monteith (Appointed 26 Septembei 20241 (Appointed 26 September 20241 IAppointed 12 Marth 20241 IAppolnted 12 Mzrch 20241 Dr M Griffiths Dr L Roberts Mrs S Hazzledine Charlty number 1191125 Company humber 11928188 Reglstered offKe Cor3m Campu5 41 5runswi5k Square Londan nited Klngdom WCIN IAZ Audltslr Sedulo Audit limited Office 605 Albert House 256- 260 Old StrÈet London Unlted Kingdom ECIV 9DD Do¢us￿n Envelope ID. 94E46CSF.6566457k8E2B.58596B3EA3FO SHIFT ORGANISATION LTD CONTENTS Page Trustees, report 1-13 Statemeot of trustees. responsibilities 14 Independent auditor'5 report 15-17 Statement of financlal activitie5 18 8alance sheet 19 Statement of cash flows 20 Notes to the flnanci31 statements 21-30 Docusiyn Env&lop8 ID.. 94E46cSF4566457A-6E2￿8598jaEA8FO SHIFT ORGANISATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thÈlr annual report and financial statement5 forthe year endEd 31 Mirch 2024. The flnantial statèments have been prepared In accordance wlth the actountlng pollcles set out in note I to the financlal st8tement5 and comply with the charity's Memorandum and Article5 af Assoiiatioii, the Companies Act 2006 and 'Accounting and Reporting by Charities,. Statement of Ilecommended Practice 8pplicablt to charitles preparlng their 3icount5 in attordance wlth the Financial Reportlng Standard applicable in the LIK and RepublSc of Ireland IFRS 1021" (effective l January 2D191. CONTEXT. PURPOSES AND MEASURES OF SUCCESS Cotttext to ovt ¢haYltable mission GrowinE UP is risky business. If, durlng this crltical perlod of transition, children and younB people do not have the rlsht Icundations and support, they tan become cau8ht up in worsenlnE cycles of harmful bÈhavlour becoming eKplolled oi exploiting athers, and c3using serious, sometimes devastating damage, lo themselve5 or others. Live5 are105t to cr¢minal and Sexual exploitation 3nd the crimlnallustlce system. Tragically. thousands of children and young people in the UK are growing up vulnÈrÈble In such clr£um5tantrs. Some are tausSng 5eriou5 harrn and violence, some ère vlctlms of serlous harm and violence, and most are both. Most are boys at)d lad(. Brown and Mlxed Herltage children and young people are over-represented withln both Youth Justlce and the Care System. An intreaslng number ol glrls 3re Involved in c¥iminal exploitatlon. and many are victlrns of Crimin31 Sexual exploitation. Offending beh2vlours often mask vnderlylng vulnerabilities. fmm early thlldhocd trauma anit school 2KcIu5ion to poor health and growing up in poverty. A jolnt Department for Educatlon and Mlnlstry of Justice report from March 2022. found that 60% of chlldren whose offendlng had been prolifi¢ had been assesse(l as Children in Need on the 31st March In any given year whEn aged bptween 12 and 16. Thi5 compared with 38% of children who had been ￿￿tIoned or senttncod for a seriou5 violentr offence, 32% of children who had been cautioned or sentenced for any offence. anil only 6% 01 the all-pupil cohort. Absente from school is both an indicator that things are gDinS wrong arkd È tatalyst lor further problems. Accordin8 to Department for Education and Minsstry of Justice data.. '81% of chlldrÈn who had been cautioned or sentenced for an offence had ￿er been pprsr5tently absent, compared to 85% of children who had been cautioned or sentenced for a serlous vltslente offence. Children whose offending had been prollftt had the highest proportlon rEtorded as perS￿rentlY absent at 94%. This compares to 44% of the whole pupll cohDrt.' SHIFT ex15t5 lo break the destructive cycle of chlldren and young people caught up In, Dr at r15k ol, crlme. We seek to transform pollcy and practlce in how young people in thesé ¢irung person., It didn'tftel like I wos with someone who w05 u worker it jU5tfrlt like I wos wlth Sorne¢￿e I could trust., Ilee, child/ young per50n, SHIFT TomesldEI '1 con call IGuidel day or night. IChild/Yo￿￿9 peisonj the some. It meuns everything. I con't even explain whut it rneuns. To huve &omeont thot you know. even if they huwen't got the Gn5WEF5 will just be there. who gives o crop Gnd uctually c17res 47nd wlll listen to VOU even {] YOU ie chottlng o lood ol rubbish. I can t tell you whut thot means. It's everythino.. [Elizobeth, lomily member. SHIFT Tomeslde} SHIFT ure the only one5 who actuolly khnd olgot in with thefamilyj Stuck with thefvmlly. The children don'È Engoge very well with proftssionols or onyone Else ot all, but they obsolutely love IGuide3 ancl IGuide}. S17me with Mum, she doesn't lftke monv Pfofr551onG15, but she loved them.'ISaroh, Sjcyql Worker, SHiFTGreenwithl Do¢vslgn Envèlope ID." 94E46CSF-6566457A-6EZB-5859683EA3FO SHIFT ORGANISATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 For chlldren who wÈre enrolled for the entiretyof the fin8ncial year.. One in three who were prevlously open to Chlldren's Sod31 Caye have had Input from seivlt¢s lotslly ¢e05e or have experlenced a stÈp down In Involvement 71% elther committed no new proven offen¢es or reduced the number of proven offEnce5 they committed 78% either had no reported mlssln8 eplsodes or experlenced a reductlon Ix the number of ml551ng episode5°' 58% either were not avrested• or reduced the Th￿rnber0* times they were arre5ted** (* Jurln8 March 2023-Aprll 2024. ** Compared to the year prlor to worklng wlth SHiFT.I 'Al didn't getintroduced to SHIFT, P would have beeh arrested bynow. Yeah, I would have been urrested by now I know thot roro Jact. I wouldho¥e been orrestedor dead. I wouldn'th(we stopped. I wouldhove just carfied an ondgotfurtherinvolveé with it.'ILee. child / voung person, SHIFT Tamesidel [Gulde} hus mode Ichild/young Pe150nJ realise that he hus got oluÈure- fhttt he'5 not bud. It'5 got him OLJt of the rycle of being bronded nuughtysg belng naughty. With IGuide]it'sbeen about occeptlno you make mistukes but it's whotyou do boutitguinglorward., (Becky, famity member, SHIFTTame51del Wlth a cost per chlld of £21,000 fur 18 months of Intenslve SHIFT supporL forevery £1 spent on SHIFT £8 Is saved overflve years. and £33 Is saved over 20 years. Thls evidÈnce glve5 U5 confidence that work with children and youn6 people is h4vlng the p051tive impacts intended, enabllng th2m to rebuild the foundations of their lives and break cycles of crime. Evaluatlon activities have generated leart>lng that has already been implemented to strenethen the processes of mobilisinE new SHIFT Practltes. As a result of sustalned work uver this last year to develop SHiFf's str3tegic relationships to communicate the nature and Impacts of SHIFT'S work, interest in SHIFT from the public sector and from tentral Eovernment is high. We have fed Into the Commlssiork on Young Lives work. support from Vlolenie Reduction Units is Increaslng, and WE are in active dialoguE Wlth the Ministry of Justlce, kfome Offlce, Department for Lp.vp.Iling Up and Dewrtment for Educatlon, We now have the app¥oach, the staff tÈam, ÈxperiÈnce, strategic relztionships and ewdence to suppDrt 3cTrlerzted Efowth and fulfil our strategic ambition to launch three further SHIFT Practices In thls ¢)eKt ye8r. Docuslgn EnVel￿e ID". 94E46C5F4566457A-8E2U8596B3EA3FO SHIFT ORGANISATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 alanced pl¢ture of achlevement5 ag#ln$t objectives set Having secured grant funding from the Department for Levelling Up, Houslne & Communitie5 alongside sustained phllanthropic 5UPPOrt, SHIFT has grown a high performlng national team and is sustalning Practlces alongside moblllsing new Practices that are evidenced to be providine outstanding 5UPPQrt lor children and families and brÈaking the destructwe cycle of criw*. As Pr3Ctlces begins to mature they are making an ever growing tontrfbutlon to reali5ing ambitlons for them Influenting broader system5 change wlthin and beyond thÈlr Host Orgènisations. SHIFT ha5 grown ar￿ 2chleved outcomes14rgely sn the context of the many oppratlon31 and public healih challenges of the Covid-19 pandemic, the c05t-of-Ilving crisis thereafter, and ongolng signifKant pressures on local authority funding. Though we might have hoped to have l?unched further Practlces faster, SHIFT Manchester, SHIFT Middlesborough and SHIFT Redcar & cleveland launched th15 year and SHIFT Tendring and SHIFT Kingston & Rl¢hmond have been scoped, ready for mtsbilisation and launch In the next finantTal year. SHIFT is in a 5tranB posltion to move ahead and has pÈrformed well aEainst Its aspirations and oblectlves. Performance of material fundTai5ing attlvlties aBainst fundralsSn8 oblectlves SHIFT has secured fundlng from the DepartmÈnt for Levelling Upi Hov51ng & Communities to support thÈ trÈ2rlon of four new SHiFf Practices, e3¢h of which will deliver two 18-month Programmes. An inltial three-year commitment to partnership working between SHIFT and the Host Or£anisations- rather than merely 18 month Programme- provide5 a morE realistic and helpful b351s for realising and evidencing the benefits ol SHIFT wlthin each local sy£tem, including Identlfying and leveraglng opportunities for systPrn5 influeiicine. SHSFT has also continued to enjoy Strong phllattthropic support, whlch has e4)abled the organlsatlun to meet core running costs for the national team and to secure 50% of PractitÈ Costs at Bexley, M3nchestÈr 8nd T£meside. Po$ltlve and negatlve factor$ outsldÈ of charlty control SHIFT has Earnered stronE attentSon from policymakers and senlor practitioner5, Partly as È result of opportune increased focu5 on the needs and experiences of adolescents le.g.. the Independent Review of Children'5 Soclal Carel. and the unfortunate ongoing rise in the vulnerabilitie5 and u*met needs of this groupi espe¢lally since Covid. The highest proven reoffendlftg rate ècros5 the youth justict system in England ènd Wales is for chlldren lÈaving custody 64% within 12 months after release. Interest in dolng thing5 dlfferently is therefore high and the c2se for change Increaslnely well understood and consldered urgent. Covid-19, the 105t-o(-Ilvlng crisis. and the war in Ukralne have all been DegatlvE factors outside of SHIFT'S control that have impacted our work. Covid-19 and the cost-of-llving crisis have impacted Igbour markets people's expectations of work. levels of competition. and increased salary expect8tlOns and, together with the knock-on iTnp3¢ts aristn8 from the war in Ukrginp, these tsctor5 have added financlal prÈssures to us, and our publlc sector partners. In this contexty government has been pulled In many competing dlrÈctloiis and general polltical instablllty has bpen hlgh. There 15 also growing financi31 pressures on CDunci15 Wlth an Increasin8 number in serious Ilnantlal diffKulty requiring central government ihterventlan. These fi*ancial prÈ£sures are making It harder for SHIFT to (dentlfy Councils that are In 2 Position to cotnmlt to a SHIFT Practice flnanclally. despite the allgnment and desire to work with SHIFr. Docvslgn Envefwg ID.- 94E46C5F4566457A-8E25-5B596B3EA3FO SHIFT ORGANISATION LTD TRUSTEES, REPORTISNCLUDING DIRECTORS, REPORTI (Co￿1NuEDj FOR THE YEAR ENDED 31 MARCH 2024 Flnahclal revlew During 2023124. our prlncipal fundlng sources were the Department for Levelling Up, Houslng & ComtnuTrities. along wlth continued strong support from philanthropic donors, trusts and foundations. Increased levels ol Local Authorlty investment 150% rather th3n 25%) for new SHIFT Pra¢tSces, and new Vlolence Reduction Ulllt Investment in GreatÈr Manthester, mea thèt the proportionate need for philanthroplc funds to support ourgrtswing activities has somewhat reduced. Moving forward Into 2024125. our key prlority is to contlnue to scale Practices and to de14veY on the graTrt from the Department for Levelling Up, Housing & Communltles. Tot31 income for period was £2,074,82112023.. £697,118) and total expenditure was El,181,01412023.' £753.9891. At the end of the fln3nclal year, we held a cash balan￿ of £3,264,70112023.. £1,043,3991. The costs for eath 36-month Pfogramme at a new Practlce are approxlmately £1.2 mlllion. SFIIFf Is now funding 50% of these costs and publlc sertor partners (Lo￿1 Authorltles, Violence Reductlon Unlt5 and similar partners) are fund¥n8 the remalni 50%. The ¢05t5 for SHIFT'S natlonal tegm lencompasslng both staff and non-staff èxpenditure) have Increased In Ilne with Prdtri growth and is approxlmately £900,000 per year. Key fundralsing need5 golng forward are.. Ongoing corÈ cosrs forthe national SHIFT team Funding to support SHIFf's system change ambitlon5 Resemes policv Atthe end of March 1024, we held tolal funds of f 1,735,62512023.. £841,818) of which.. £991,69312023.. £210,45813rÈ restricted funds carriÈd over to the followlng Iln&Trcial year,. and £743,J3212023.. £631,630) werp unrestricted, of which £152.500 were designated to the dellvery of Programmes I existing Pr3ttitÈs IT3meside & Manche5terl* giving èn unrestricted and unde5ignated balance at the end of Nlarch 2024 of £591,432. The organlsatlon's reserves pollcy is to ensure that - over and above any fund5 restricted or de51gnated to each Programme- we maintain between three and six month5 of reserves to ensure that we can meet Dur obligations re￿rdIng 51afting and overhead5 for the national 5HiFr team. Our centr81 opèratlng ttssts Ére approximètely £900,000 per annum. We are therefore currentlyi a5 of March 2024, operating with appromimately eight months of freÈ reser¥e5. and within the requirements of our reserves policv. DoGuslgn Envebpe ID.. 94E46CSF4566.45IA4E2B.585g6B3EA3FO SHIFT ORGANISATION LTD TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prlncipal risks and uncertaintle5 Risk is carefully identified and manaEed at all levels of the organisation. with 8 register ol principal rlsks and activlties to mltlgate them brought to SHIFT Commlttees and 6oard of Trustee meetings. We conslder our princip31 risks to be as follows.. Safeguardlng.. we are worklng with a very vulnerable group of child￿Tr at)d their families.. therefore, 5afeguardin@ 15 one of our princlpal rlsks and one that we take intredibly 5eTiously. As our SHIFT Pract1￿5 are all employed by the Host arganlsation in which thp.y are b35ed, our Partnership Agreement make5 clear that It Is the responsibility of Èath Host Or8ani5ation to ensure that safeguarding risks are bÈing properly managed within their own safeguarding procedure. Nevertheless, our Safeguarding policy sets out our fundamental safeguarding principles whlch we would expect all of our partners to adhÈre to, and our quality assurance processes have been developEd to ensure that we can check that effectlve safeguard¥ng Is happenlng In practl£e. All SHIFT staff recelve bl-annual saleguardlng training and all natlonal SHIFT staff and TrUS￿S are OBS vetted. Flnancial.. we are a relatively new charity, reFylng on, at presenL 2 rÈlarively small number of donors glon85ide PBrlner5hlp investment from Host Org3nls3tlons. We h2vÈ been fortunate to secure funding from the Dppartment for Levelling Up, Housing & Communities, which has meant that we can ¢reate four new P13cbces and use philanthropy to sÈcure extensions across all ex15tinE PTactlces. As we grow the number ol Pf3Ctices. there is also a requirement to grow our natiorsal team, to ensure that we are able to provide the level DI support needed to Èath of our existing and new Pracllces. With thls brlngs addltlonal pressure on our central overheads, which means that we will need to contlnue to fundra15e for ihis over the coming fina¥kctal year. Team re£rultment and development: Covid-19 and th@ COSt-of-living crlsis have impacted labour markets people's expectation5 of work, levels of competition, and increased salary expectations. Together with previous high levels of inflatlon, thls Is a real challenge for us, 3$ W1th others In the sector. RecruitinE and retalninE Outstsndlne staff Is critical to our success. We are Investing thoughtfully in lea¥ning and development and strengthenlne our culture and recruiETheot processes to place us in the best position to zttiact and retain talent. tjemonstration of Impatt.. while we have made significant progress in the evidencing of impa¢i, we understand that it Is fundamental that we are able to show a clp.ar cast-beneflt to Host Organlsations, 2nd a significant and sustainable impact of the Programme on our beneficiarie5 compared with trzdltionèl management of young people who are In coDflicE Wlth the law. With that in mind, we are commltted to contlnjed detalled evaluation, bulldlng toward5 external impact evaluation that can evidence ousation. In Jhnu3r¥ 2024 we started Working with ImpactEd to refresh our evaluation 5tralegy, which will guide u5 to deliver on our ambiiions over the next two years and will Set SHIFT up to be ready imp8Ct evaluat*on, for whiih we intend to se£ure external fundlng. 10 Dowslgn Envelope ID.. 94E46C5F4566457A4E2B-58596B3EA3FO SHIFT ORGANISATION LTD TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT} {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Plahs foi futUTe perlod5 Our long-term goal is to create and support SHIFT Practlce5 across the UK th2r wlll break cycles of crlrne through the work they do directty with children and young people and through system ¢hange leveTa8ed through a new and evidenced approzch to practice. We w3nt to change the way in whlch statutory servlces are delivered. 5peclflcallyJ SO that these achleve stionger and more susialnable outcomes forthe children and young people subject to them through their£omlng Snto conflict wlth the12W. Between 2022 and 2025. SHIFT has commltted to 5trenEthenlng It5 foundations in four key areas: l. More young people out of crime, safe and thrivSng L3unch five new Practlces from January 2023 wlth at le35t three out of London. New Practiceg wlll be tar8eted In are4s of greatest need and where SHIFT tan make greatest Impact, including by Innovating in SHIFT'S system entry point ènd partnership design le.8. educational partnershlpsl Support 125 £hildren through its new and exlstlng Practtces Continue to develop an ambitious. creative, inclusive pra£tl¢e and learnlng modèl that delivers outstanding outcomes for young people and posltlve domino Èffects to transform systems 2. Compelllng evidence and org3nisatlonal learning Oevelop ccimprehensive and thoroughly theoretit811y and empirically evidenced theories of Individu41, communlty and $￿teM change and outcomes frameworks Implement ongoing robust cycle of qu311t3tive and administrarive data collection to under5tsnd experiences of SHIFT and enrich practice. in£ludlngthrough comparatlve insights across different Practice contpxts Gather eviden￿ of outtome5 for young peoplÈ Ilncluding emergent longitudinal impadsl and progress towards Svstem change Develop a strong learning culture, centring on reflectwe practlce, and supported by our governance and learning and dev2lopment programme, thoroughly integrallng learning from evaluatlan 10 support practlce and organisational development 3. A community of committed changemakers Provide sector lèading learning and devÈlopment opportunltles that develop talent and aspiration withln SHIFT and develop rÈlationship5 and share opportunities within our networks Bttlld Strategic parlnershlps with organisations that share our ￿Sion foryoung people and systern ch3nge Lpver3Ee 5HiFT's convening power - hostlng evÈnts and activities th4t bring together peoplè across policy, practice, research io share their iTr5ights and pÈrspeitives &nd influente through coll3boratloD towards a shared vision Dovolop opportunities for young peaple with liv@d experience of SHIFT to use their voice and experieaces io Influence and contrlbute, bdth within and beyond SHIFT 4. New public conversation Committed enga8ement in relevant tomtni55ion5, enquiries 8nd £alls for eviden High impèct, and Ireative £ommunitètlon of SHIFT'S woik, iniludlnE proactive engagement with the medla LearnSng and development opportunities that are open to public Structurej governance and managemÈnl The charity ts tontrolled by its governing document, MeMorand￿m and Articles, and Constitutes a limited company, limited by guarantee. as deflned by the CompÈniÈs Act 2006. Docusign Envelope ID.. g4E46C5F-656fA57A-8E2B-58596J3EA3FO SHIFT ORGANISATION LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The tW5tee5, who are also the directors forthe purpose of company l#w, and who sÈrved durlng the year ènd up to the date of siEn8ture of the financial statemÈftts wÈrÈ'. Mr MB Clark Ms S Humphreys fvdr J Matalister Mr NJ Pendry MI JT Cèluori Ms R Cramer Mr5 PV Parkes Mr K fvlonteith Dr M Griffiihs Dr L Roberts Mrs S Hazzledlne Ir¢e5igned 23 May 20241 IReslgned 31 December 20231 (Appolntèd 26 September 20241 (Appointed 26 September 20241 (Appointed 12 March 20241 (Appointed 12 March 20241 Recruitment ondoppolntment of trustees SHIFT'S four founders1Sophie Hutnphreys OBE. Josh hrtacAlister 06E, Rebecca Cramer and Michael Clarkl set up SFEIFT through a common Interest In Identlfyin8 more effeclDie ways of breaklng thÈ destructlve cycle of offending behwiours in Child￿Th, enablin8 them to enjoy live5 of choice and opportunity. A subsequent revlew of skills, knowledgej professional background5 and dlverslty. and Josh hllacAlister stepping down to lead a government revlew in J3nu4ry 2021, led to the Èngagement of two new Trustee5 (Rasheed PÈndry and Pam Parkesl In September 2020 and one further trustee ljoe Calourll In july 2D21. Josh MacAllster re-joined the Board after he completed work on the E¢weinment review, picking up the baton as Ch81r from Sophie Humphreys in September 2022. Following another revlÉw of skllls, knowledge. professional background5 and dlver51ty, and JOÈ Calouri stepping down dL¢e to commltments of a new role, two newTrustees Ior Luke Roberts and Sar3h Haziledinel joined the BDard in January 2024. J05h M3cAltster Stepped down a5 Chair in February 2024 to focu5 on h15 tamP31gn to become an MP, whicl led to Pam Parkes stepping in as ChaiT. At the end of this rèporting period the recruitment process for a new Chair was still underway. which has led to the appointment of Dr Martin Griffiths in September 2024. Mr. Keir Monteith was also appointed as a Trustep followlng this Tecruitment round. OrgonlststlDnolstructure We have a small. national team compr5sln8 of eleven staff. Our central team supports Éath Hosr Org2nlsatlon to create a SHIFT Practice. mobilise the Programme, re£rvlt and ITain the staff, provide ongoing development and support for tsperationa1151ng the SHIFT Framework and quality assuring and improvlng practice. evaluat£ng activities. developing strategic relationship£ and partners, h05ting events and communicating SHIFTS work to a wide range of audlencE5. as well as fLEndr8ising and m3rt8Bementlgovernance of the charity. SHIFT Greenwich has Èleht staff. comprlsing one Lead Guide, stx Guldes and Prattlce Coordlnator. SHIFT Bexley 15 a smaller Practlce. comprising one Lead Gulde, two Guides and one practi￿ Coordinator. SHIFT Tame5ide and SliFT Manchester have sly staff, comprising one Lead Guide, four Guldes and tine Practice Coordinator. All Praitlce staff are employed by the Host Org8nisatioTh ltyplolly. the Local Authority that Is partnerlng wlth SHIFTI. Docusign Envebpe ID.- 94E46CsF-6566457A-8E28-585￿B3EA3Fo SHIFT ORGANISATION LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 SHIFf'5 8oard of Trustee5 is responsible for all govÈrnance and strategic decision making. Day to day management is delegat to SHIFT'S Chief Exec￿tIve, while the management ol Èèth IDcal SHIFT Practice is delegated to the Host Organlsatlon through the Loral SHIFT Management Board. Members of the national SFliFT team are standlng members ol all Local SHIFT Uoards. RÈsponsibS11ty for delivery sits clearly with the H05t Organisation, underpinned by Memoranda of LlnderstzndinE / Pèrtnershlp Agreements Ihat are agreed between SHIFT anLI the Hosr OrganSsation before Practice5 are created. We h3ve developed three CommittÈes to the SHIFT Board of Trustees.. Flnance Committee ICh3ired by truslee Michael Clark), Practice Commlttee ICh31red by trustee Rasheed Pendryl. and Research & Evaluation Committ&e IChalrÈd by trustee Luke Roberts). All CoMmSttees Involve 3 combination of Trustees, and some include eKternal, co-opted reprÈsÈntatS0n. IndUCt￿n ond tn7ining of trustees Trustees ère provSded with 3 comprehensive Snduitlon p3ck a5 part of their Induction. which includes- SHIFfs v(slon, mission, values and str3teglc aims Previous annual reports, risk reglster and current year budget Guidance on thE rale of a trustep, the Charity Governance Code and available Charity Commission good practltÈ guidance BBckground research and Ilterature relevant to SHIFT'5 work Meetings with the Chalr, existinE Trustees and ihe Chief Executive ère arranged as part of the induction so that new Trustee5 can gain a deÈper working knowledge of the charity. W51t5 to exlsting SHIFT Practices are Included as approprlate. Remtsnerotffon polKy Our polSty15 to benchmark any new roles agalnst iomp3rablp roles withln the sector. Staff are subsequently offered 3 sa12ry th?t considers the skllls and experlente they brlng to the role, pay equality and affordablllty. Pay is revlÈv4Èd annuÈlly in March, where we aim to offer 3 c05t-of-living and inflatlonary envlronmènt Sncrea5es. Any pav revlew Is recommended by the Chief ExEcuilve and Subject to the approval of the Board. The Chlef Executive's salary Is reviewed annually by the Board of TrusteÉs. We Subscribe to the Londun Ltving Wage. We also have a defined contribution pension lor all staff after theiF probation period passed through NEST. Auditor In attordance with the company's artlcles, a resolution proposing that Sedulo Audit Llmlted be rpappointed as audltor of the company will be put at a General Meetlng. The trustees. report Was approved bythp BDard of Trustees. YDE47EA80¥4a2.' Mrs PV Parkes Trustee Date.. 13- Docuslgn EnvelopB ID." 94E46C5F456&457A-8E28.58596B3EA3FO SHIFT ORGANISATION LTD STATEMENT OFTRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directOTS of SHIFT Organisation Ltd for the purpose of company law, are re5PODslble for preparing the Trustees, Report and the financial ststements in attordance wlth applicable law and United Klngdom Accounting Standards Iunited Kingdom Gener3llyAccepted Accounting Practice). Company Law require5 Ihe trustees to prepare financial 5tatement5 IDr each financial year whlth 2 true ènd fair view of the state of affairs of the charity and of the Incoming resource5 and Èpplic2rion of resources, including the Income and expenditure, of the charltsble comp3ny lor thJt year. In pyeparlng these financial statements. the trustees are requlred to.. selectsultable attounitng pollcles and then applythem consistentlv,. - observe thè methods and principle5 (n the CharltlES SORP.. make jtEdg*mtnts and estimate5 that ÈrÈ reasonable ènd prudent,. and prepare the linanGlal sratemtnts on the going concem ba515 unless it is inappropTiate to presume that the charity will ontintte tn operation The trustees are responslblc for keep1ng adequate accountlng records that disc105e with reasonable at£ur2cy at any time the flnancial position ol the chaTity and ettèble them to ensure that thp financial statements comply with the Companies Act 2006. They are Èlso responsible for safeguarding the assets Df the charity and hence for takinE reasonable steps lor the prevpntlon and detection of frzud and aiher Irregularities. 14- Docusi￿ Envelope ID.. ￿E4Gc5F-65664s7A.8E2B.S8596&3EA3FO SHIFT ORGANISATION LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SHIFT ORGANISATION LTD Oplnlon We hive audited thè financial statements of Shift Org8nisation Ltd (the 'ch3rity'l for the year ended 31 M3rch 2024 which comprlse the statement of financial artivltie5, the balance sheet, the statement of ¢4sh ftows and notes io the financial statements, including slgnifitant accoynting policies. The Ilnant(al reporting framework that has been applled in their preparation is appllcable law aThd United Kingdom Accountlng standards, including Flnanclal Reporting Standard 102 The FlnLJnCi(Fl Reporting 5tondord opplycoble In the LIK Republic ol Irelttnd (United Klngdom Generally Accepted AccDuntinE In our oplnSon, the financial statements: give a true and fair ￿eW of the state of the charitable company's affairs as at 31 March 2024 and of its incomin8 resources and application ol re$0￿rceS, foi the yea¥ then pnded,. have been properly prepared in accordanie with United Kingdom Gene￿IlY AccÈpted Accounting Practice., and h3ve been p￿pared in accordance with the requlremÈnrs of the Companies Act 2006 easis for oplnlon We conducted our audit in a£CDrdante with Intern3tlonal standards on Audlting IUKI IISAS IUKII and appljcable Iwj. Our rEsp)nsib¢lities under those 5tandard5 a￿ further described In the Auditor'5 responsibilities for the otsdit OJ the linonc￿l stotemEnts sectlDn of our report. We are independent of the charlty in accordance wlth thp ethlcal requirements that are relÈvant to our audit of the fin3ntlal statenients in the UK, including the FRC'S Ethlcal Standard, and we havE fuifiiied aur other ethlcal responsibilities in a£cord2nte wlth these requirements. We belleve that the audit evidence we have obtalned is sufficient and approprlète to provide a basis for our opinlon. Concluslon5 relatin8 to golrbK concern In audlting the financial statements, ￿ havÈ concluded that the trustÈeS' Use of the 80ing concern basis of acttsuhtlng in the p¥eparation of the finanoal ststement51s appropriate. Based on the work WÈ h3ve performed, we have nDt Identifled any rnaterlèl uncertalntlÈs relating to events or condltlons th8t, ndlvidually or collectively, may cast signifitant doubt on the charity's abilllv to continue as a gotng concern for a perlod of at least twelve months from when the financ¢al statements are authorlsÈd for Issue. Our ￿SpOnsibl11t1e5 and the respon51bllitips of the tTit5tees with respe£t to golng concern are descrlbed In thÈ relevant sections of this report. Other lttformatlon The other informatlon comprises the information intluded In the annual report other than the flnanclal Statements and our auditor's report thereon. The trustees are r@spon5ible lor the other Information contained within the annu31 report. Our opinlon on the financi31 stat@ments doe5 not cover the othcr information and we do not express any form of asfiurance ctnclu51on thprEon. Our responsibility is to read the other Information and, In doing so, tcin5ider whether thè other Information 15 materially inconsisienl wl*h thE financi315tatement5 or our knowledge obtained in the course of the audlt, or otherwise appears to be materially mlsstated, If we identify such m3terl31 Inconsistencie5 or apparent mater131 m15StatementS, we are requlred to detertnine whether thls 8ive5 rise to 3 materlal M155tatement in the flnantial statpment5 themselves. If. based on Ihe work WÈ havÈ performed, we conclude th8t there15 3 matertal pni5Statement of this other Information, we are requlred to report that fact. We have nothir*g to rewrt in th15 regaid. 15 Docuskjn Envelope10.. 94E46C5F-6566457A-8E2B&8596B3EA3FO SHIFT ORGANISATION LTD INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF SHIFT ORGANISATION LTD Matters on whlch we ai¢ requlred to report by exceptlon We have nothing tts report in respect of the folluwlng matters in relatlon tts whlch the Charitle5 (Accounts and Repartsl Regulation5 2008 require us to report to you if, in our opinS0n'. the informatlon glven in the fin3ncial statement5 is Inconsistent in any tnatErial rpspect with the trustees, reporr,. or sufficient 3c£ounting re£oid5 have not been kept,, or the flnanclal ststements 3re not in agreement with the accountlnE retords.. or we have not recelved all the Informètlon and explanatlon5 we requlre for our audlt Responstbllitres of trustee$ As explained more fully In the statemenl of trusteÈs' responstbilities. the trustee5, who are also the dire£tors of the chHrltylor the purpose of company law, are responsible for the preparatiot) of the financial 5t3tements and for being sati5fled that thev glve a true and falr view, and ft>r such Internal control a5 the tru5tee5 determlne 15 netrss3ry to enablÈ the preparation of linancial statements that 8re free from material rnisst4tement, whether due to fraud or error. In preparing the financlal statements, the trust2e5 are responsible for as5es51ng th@ tharltWs ab¢lity to continue as È going concern, d￿ClOSIn& as zpplicable, matters related to golnÈ contern and uslng the going concern basls of accounting unless the trustee5 Elther intend to liouidate the charltable company or to cease operatlons, or have no reallstic alternative but to do so. Audlltsr's iesponsibilitles forthe audit of IhE Ilnanclal 5tatement$ We h3ve been appolnted as auditor under section 144 of the Charities Act 2011 and report in actordance with the Act and relevant regulatlons made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financlal statements a5 a whole are free from materlal mi55tatement, whèther due to fraud OT error, ano to Issue an 3uditor'5 report that includes our opinion. ReasaT)able a55urance Is a high level of assurance but is nol 3 guarantee that an audit conducted in accordance with ISAS IUKI will ?Iway5 detett a material mlsstatement when It exisrs. Misststements can arise from fraud or error and are tonsidered material if, individuallv or in the 3gEree3te, they could reasDnably be expected to influence thÈ Èconomic decision5 Of user5 taken o# the basis ol these financial statements. The Èxtent to which our prO￿d￿re5 are capable of detecting irfÈ8ularities. includinE fraud. is detallÈd below. A further de5cr1ption of our responsibilities Is avÈllÈblÈ on the Finzncial Reportlng Council's website at.. https..11 www.frt.org.uklauditorsre5ponslbillties. This description forms part of our auditor'5 report. Use of our report This report is made solely to the charify'5 truSt￿@S, as a bodyi in accordance wlth part 4 of the chaTlties (Actounts and Reportsl Regulatlons 20U8. Our audit work has been undertaken so that we might state to the ch3rity'5 trustees those matter5 we are requirÈd to state to them in an audltor's report and for no othei purpose. To the fullest eKtent permltted by law, we do not accept OF a55ume responsibility to anyone other than the charity and the Charlty's trustee5 as a bodyj for our audlt work. for thls report. or lor the opiniDTh5 we have formed, Seniar statutory auditor eKemptlon Sedulo London Llmited is eligible for appointment a5 audltor cf the Charity by virtue of it5 ellEibSllty for appointment as auditor of a company undèr section 1212 of thÈ Companies Act 2006. 16- Docusign Envelope ID.. 94E46CSF-6566457A-8E2B-5859SB3EA3FO SHIFT ORGANISATION LTD INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF SHIFT ORGANISATION LTD LknjS1ll￿dbY. Dkcon ThDrnely Iseniorststutory Auditorl for attd behalf ol Sedulo Audlt Lltnited Chartered Accourbtsnt5 Statutory Audltor 2•1(114 Office 605 Albert House 256- 260 Old Street London United Kingdom ECIV 9DD Sedulo Audit Limlted is eligiblt for appolntment as audltor of the charity by vlrtue of Its eli8ilJility for appolntment as auditor of a company under Section 1212 of the Companles Act 2006. 17. Docus￿￿ Envelope ID". 94E46C5Fffj566-451A-8E2B-5e596B3EA3FO SHIFT ORGANISATION LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 RestrS¢tÈd fu￿dS 2024 Total Unre5tr1¢￿d fvnds 2023 Reslrided nds 2023 Total 2024 2023 Note5 Income Irom.. Donations and legacies 988,408 30,000 1,056.413 2,044,821 30,000 415,718 75,000 206,400 622.118 75.000 Totsl Income 1,018,408 I,OS6,413 2,074.821 490,718 206.400 697,118 EMpefftrJlture on.. 905,8J6 275,178 1,181,014 707.757 46,232 753.999 Total expenditure 905,836 275,178 1.181,014 707.757 46,232 753,989 Net intttmellexpenditurel and movement In funds 112,572 781,235 893,807 1217.0391 160,168 156.8711 fte¢anelllatlon of fund5'. Fund balantr5 at l Aprll 2023 631,360 210,458 841,818 848.399 50,290 898.689 Fund l)a13ntÈS at 31 March 2024 743,932 991,693 1.73S,625 631.360 210,458 841,818 The statement of flnancial Èttiwrles ind￿deS all galns and losse5 recogllised in the year. All Income and expendkture derive from continulng aEtivitles. ThÈ notes on pages 21 to 30 form part of these linanclal statements. 18- Docusigll Envelope 10.. 94E46C5F*566457A-8E26-585g6B3EA3FO SHIFT ORGANISATION LTD BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets T4ngible assets io 13,512 9,009 Current asset5 Debtors C35h at bank a￿d in h3nd li 9,725 3,264,701 4,278 1,043,399 3,274,426 11.552,3131 1,047,677 1214,8681 edltors: amounts l311Sng due wlthln one year 12 Net current a55ets 1,722,113 832.809 Tolala5sets less currettt Ilab115ties 1.73S,625 841,818 Net assets 1,735,625 841,818 The éunds of the charlty Restricted income funds Unrestricted fund5 15 991,693 743,932 210.458 631,360 1,735,625 841,818 The notes on pages 21 to 30 form part of these financial stalement5. The company is entitled to the eKemption f¥om the audlt requirement £ontalnÈd In section 477 of the Cotnpanies Art 2006, f the year ended 31 March 2024, althouEh an audlt has been carried out under5ection 144 of the ChèritSes Act 2011. The directors atknowledge their responsibilities for complying with the requirement5 01 the Companies Act 2006 with respect to ètcountlng records arid the preparation of financial statement5, The member5 hove not required thÈ company to obtèin an audit of its linzncial statements under the requlrements of the Companles Act 2006. for the year In question in accordance with section 476. These fininrial statements have been prepared in accordan¢e with the pr¢)vIsi0￿5 èpplirable to £omp3nle$ subject to the small companies reglme. The financial statÈmeDt5 were approved by the trustee5 on "ty¢OD￿lÉAw5lJ¥..: Mrs PV Parke5 Trustee Company reEi5tration number 11928188 (England and W3lE51 19- Docuslgn Envelope ID.. 94E46C5F-656&457A-8E2B-58596B3EA3FO SHIFT ORGANISATION LTD STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng actlvlties Cash generated from operBtIOn5 Ig 2,229,604 136,423 IhvestlnE activities Purchase of tanglble flxed assets 18.3021 17.2841 Net cash used Investing actSvltles 18,3021 17,2841 Net cash used In financlng att￿ltIeS Net Increase In cash osh e4ulvalents 2,221,302 129,139 Cash and tash equivalents at beginning of year 1,043,399 914.260 Cash and cash equlvalents at end of year 3,264,701 1,043,399 The Trotes on paees 21 to 30 form part of these financial statements. -20- Docusign Envolopo ID.. 94E46CSf-&566_457A_8E2B.58596B3EA3FO SHIFT ORGANISATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢le5 Charity Inlormatlon Shift Organis8tlon Ltd Is a private company limited by guar3nteÈ In£orporated in En8land arsd Wales. The registered office Is Coram Campus, 418runswisk Square, London, WCIN IAZ, United Kingdom. 1.1 Accountlng conventlon The financlal statements have been prep3red in accordan￿ with the charity's Igovernlng documentl, the Companles Act 2006, FRS 102 'The Financ131 Roportlne Standard applicable in the UK and Republic of Irelind- I-FRS 102,1 and the Charities 5QRP 'Actountlng and Reporting by Charities.. StatQMent of Recommended Practice appllcable to £h3ritie5 preparlng their accounts in zccordance with the Flnancial Reporting Standard applicable in the UK and Repuljlic of Ireland IFRS 1021 (effective l January 20191. The charity15 a Public Benefit Entlty as deflned by FRS 102. The financial statements are p￿p￿rEd ID sterling, which is the functional turrency of the charity. Monetary atnount5 in these flnantlal ststements are rounded to the nearest £. The flnancial 5taternent5 have been prepared under the historical cost convenlion. Yhe prlntlpal atcountin8 policies adopted are set out below. 1.2 Golng concern At the time ol apFJroving the financlal st&tetnentS, the trustees have a reasonable expectatlon that the charlty has adequate resources to continuÈ in operational existence for the forespeable fvture. Thus the trustees continuÈ to adopt the eoing concern ba515 of accounting In preparing the financlal stat2rnents. 1.3 Charltable futtds Unrestricted funds ale available for use at the dlscretlon of the trustees in furtherance of thelr c￿rItable objectives. Restricted funds are subject ¢0 spedflc cohdltions by donors or grzntors as to how they may be used. The purpDses and uses of the restrltted funds are Set out in the notes to the Ilnancial 5tatement5. 1.4 Income IncomÈ Is ￿CognISed whers the charity Is legally entltled to it after any perlormanct conditlon5 h3ve been met, the mount5 can be measured reliably, and It is probJble that income will be recElved. sh donatSohs are recoEnised on receipt. other donatlons are recognised once the charlty h2s been notlfied of the donation. unless performance condiElon5 rpquirp. dp.ferrhl of the amount. Income tax recoverable in relalion to donatlons received undèr 61ftAid or deed5 of covenant recogn15ed at the time of the donation. Legacies are Tecognised Dn re￿Ipt or otherw15e if the charity has been notified of an impending distribution, the amount Is khown, and receipt is pxpeitpd. If the atnount is not known, the le8acy Is treated a5 a contingent asset. 1.5 Expendlture Expenditure is recognised Dn￿ there is a legal or constructive obligation to transfer economic benefit to a thlrd party, it is probable that 2 tr3nsfer ol economic benefits wlll be required In Settlement, and the amount ol the obligatlon can be measured reliablv. Expenditure Is classlfied by activity. The cD5ts of each activity are made up of the total of direct costs attd shared costs, IncludlnE support cost5 involved in undertaklng each activity. Direct costs attributable to a single ÈctlVLty are allocaled dtrectly to that activity. Shared costs which contribute to more than one activlty and support cost5 which are not attr(butable to a single 3ctlvity are apportioned between those activ*ties on 3 basls tonsistentwith the use of resources. Centr31 staff costs are allotated on the basi5 01 time spent, and depre¢latlon chaFges are all￿ated on the portlon ol the asset's Use. 21 Docusign Envelope ID.. 94E46C5F-656fAS7A-8E2B-￿gGB3EA3Fo SHIFT ORGANISATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accou￿1￿8 pollcles (Continued) 1.6 Tanglble flxed assets Tangible fixed a5set5 aye initially me3sured at cost and subsequently measured at £0St or valuatlon, net of depretiatlon and any impairment losses. Depreclarion Is recognised so as to wrlte off the cost or Wdluatlon of assets less thelr resldual values over their useful Ilves on the followlng b4ses- Computers 20% straight line ThÈ 8aln or loss arlslng on the disposal of an asset is determined as the dlfference betweÈn the sale proceeds and the carrying value of the a55et, and 15 recognised in the statement ol linancial activities. 1.7 Impalrment of fixed assets At each reporting end date, the charlty revlew5 the carryln8 ?mount5 of it5 tangible assets to determlne whether there is at)v indication that those assets have suffered an impairment loss. If any such indication exist5, the recoverzble mount of tho asset is estimatod in order to dettrmine the extent of the impairment loss lif anyl. 1.8 Cash and cash equlvalents Cash and tash equlvalents include tash in hand, deposits hÈld at call wlth banks, oiher short-term Ilquid Investments with original maturities of three months or le55, and bank overdralts. Bank overdraft5 are shown wthin borrowings in 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial InstTumentg' and Section 12 '0ther Flnantlal Instruments ISSUES, of FRS 102 to all of its financial instruments. Financi31 instrument5 are recogni5pd in the charitW5 bzlance sheet when the charity become5 pafty to the contractual provislons of the instrument. Financi81 assets and liabllities are Offset. wlth the net amount5 presented In the fina#dal statements, when there Is a legally enforceable right to set off the recogni5ed amounts and there is an Intention to settle on a net basis or to realise the a55et and settle the liablllty slmultaneously. sl¢llnun¢lol ussets Basic financial assets, whith include debtors and cash and bank balances, are initizlly measured at transaction price Including transatlion costs and are subsequently c8rried èt amortised cost using the effective interest method unless the arrangement constitutes a flnancine transactlon, wh@rÈ the trans3ttlon is measured at th@ prÈsent value ol the future recelpts dlsCOUElted at a tnarket Tzte of interest. Financial assets classified zs receivable within one year are not amortssed. -22- Docuslgn Envelope ID.. 94E46C5F4566457A-8E2B48596B3EA3FO SHIFT ORGANISATION LTD NOTE5 TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnuedl Bt75icAlnTrnclulllubllltles B2slt Ilnancl31 liabllltle5, Includlng creditors and bank loans are inltially recogni5ed at transaction pricÈ unless the arrangement constitutes a financin8 transaction, whÈrÈ the debt Instrument 15 tnea5ured at the present valve of the fut￿re payments discounted at a market rate of Interest. Fin2nclal Ilabllitie5 classified a5 payable within Dne ye8r 8re not amorr15ed. Debt InstrL¢ments are subsequently carrled at amtrrtlsed c05t. Using the effective Interest rzte method. Trade creditor5 are obligations to pay for goods or servlces that have been acqulred in the ordlnar¥ course of operations from supplier5. Amounts payable are classified as Current Ilabiiifies If p3yment15 due within one year or less. If not, they are presented as non-current liabilities. Trade creditor5 are recoEnised initially at tran53Ction price and subsequentlv measured at atnort15ed cost using the effective interest method. Derecogttltlon ofjlnahciulliubllities Flnancial liabillties are derecognised when thÈ charlty's tontra¢tual obligations expire or are discharEed or cancelled. 1.10 Employee benellts The c05t of any unused hollday entitlement is recognlsed In the perlod In which the employee'5 ser¥ice5 are received. TÈrminatlon benefiis are iecogn15ed immediately a5 an expense when the tharlty Is demonstrably committed to terminate the employmenl of an employee or to provide termination benefits. 1.11 Retlrement beneflts Payments to dellned contri¢Jution retirement benefit schemes are charged as an expense a5 they fall due. Income from donations and legacles Unreslricted funds Z024 Restricted funds 2D24 TDtal Unrestrkted funds 2Q23 Restrrcled funds 2023 Totsl 2024 2023 Donations and gifts Government grants Twsts and foundations Gift aid 200,108 150.000 791,013 115,400 350,L08 791,013 903.700 41.709 41,709 788,300 369,009 5,000 206,400 575,409 5,000 988,408 1,056,413 2.044,821 415,718 206,400 622,118 -23- Docuslgn Envelope ID. 94E46C5F-656fA57A-8E2Y-58596B3EA3FO SHIFf ORGANISATION LTD NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Income from chaiitable J¢tlvltles UmrEStrlcted Unrestrl¢ted lund5 2023 funds 2024 Pilot schemes Team fees 30,OCrf) 75.000 Expendlture on charltable attlvltles Pllot schemes Plltst schemes 2024 2023 Olrect ¢DSts Payrnenis to Pilots Recruitment £osts Team training Event costs Additlon21 project costs 457,681 228.084 625 20,886 10,146 41,082 2,728 478,567 282,665 Share of support and governance costs (see note 51 Suppoit Governance 685.286 17,161 455,872 15,452 1,181,014 753.989 AThalys15 byfund Unrestricted funds Restricted funds 905,836 275,178 707,757 46.232 1.181,014 753,989 24- Docuslgn Envelope ID." 94E46C5F.6566457A4E28-58596B3EA3FO SHIFT ORGANISATION LTD NOTESTO THE FINANCIAL STATEMEWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allotated to acllvltles 20Z4 2023 Stall costs Depreciatlon Operatlng lease charges Office costs Insurance Telephone tr and webslte Consultancy HR, ￿{ruitMent and training Bank charges Subscriptions Governance costs 440.412 3,799 18,005 45,566 3,581 776 295,896 2,098 17,519 9,586 3.092 2,311 2,756 111,255 9,559 242 1.932 143.220 25,336 222 2,437 17.161 1.557 15,452 702,447 471.324 Analysed between: Pilot sthemes 702,447 471,324 Net movement In funds 2024 2023 The net movement in funds is stated after charging/lcredltlngl'. Fees payable forthe aud*t ol the charitvs flnan£lal statements Depreciation of owned tangible fixed asset5 Operating lease charges 13.200 3,799 18.005 2,098 17,$19 Trustees NDne of the trustees lor any persons connected with them) reielved any remuneratlDn or benefits from the charlty durlng the year. Employees The avera8È monthly number of employees during the year was.. 2024 umber 2023 Number 25- Dwusign Enveknpe ID.. 94E46C5F-6566457A-8E2B-5B5￿83EA3FO SHIFT ORGANISATION LTD NOTES TO THE FINANCIAL STATEMENTS (Co￿riNUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees (Qbntlnuedl Employment w$ts 2024 2023 Wages and salaries Social security cost5 other pen51on cost5 386,597 38,738 15.077 266.394 15,19S 14,307 440.412 295,896 DurinE the year, the tharlt¥ pald £Nil12023.. £20,500> in respe£t of severance payto 012023.. 11 metnber of staff. The number ol employee5 whose annual remunerztion w35 more th&n £60,000 Is as follow5.. 2024 2023 Number Nltmber £60,001- £70,OIK) E70,001- £80,0(K> £80,001- £90,OL Remuneratlon of key management personnel Key Manègement Personnel are considered to be the Chlef Exetutive Officer, the Chlef Operating Offlcer and the Head of Practice. The remuneration of key management personnel wa5 a5 follows.. 20241 20Z3 AggTegzte compensation 221.769 170,563 Taxatlon The charity is exempt from taxation on its actiwties because all its incorne is applled for charitsble pu¥poses. 26- Docuslyn E￿Veknpe ID.. 94E46c5F456G457A.8E2B￿8s96B3EA3FD SHIFT ORGANISATION LTD NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 10 TarsElble fixed assÈtg Cornputeis Cost At l Aprll 2023 Additlons 16,560 8,302 At 31 March 2024 24,862 Oepreciatl¢)n and Impaimient At l April 2023 Deprec¢ation charEed In the year 7.551 3.799 At 31 March 2024 11.350 Carrylhg amount At 31 March 2024 13,512 At 31 March 2023 9.(xJ9 li Deb¢or5 2024 2023 Amounts falllng due wlthln one year: Prep3yment5 and accrued income 9,725 4.278 12 Credltors.. amounts falllng due within one yE8r 2024 2023 Notes Other taratlon and social security Deferred income Trade creditors other c¥editors Accruèls 20,870 1,350,000 73.804 3,366 104,273 5,153 200,000 4,081 1.434 4,200 13 1,552,313 214,868 13 Deferred In¢ome 2024 2023 Arlslng frotn Deferred grant income 1,350,000 200,000 Deferred iTriotne 15 included in the financial statements as follows., ~27- DocuS￿n Envebp& ID.. 94E46C5F4566457A-ÈE26U59683EA3FO SHIFT ORGANISATION LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Deferred Intome IContinuÈdl 2024 2023 Deferred Intome is Included withln.. J,350.QOO 200,DOO Movement5 in the yÈar'. Deferred income at l Aprll 2023 Released from pievlous periods Resources deferred in the year 200.000 1200,0001 1,350.0 200,000 Delerred income at 31 Marth 202Jl 1,350.0 2(Kl,000 14 Retirement benefh seheme5 20Z4 2023 Deflned contrlbutlon ￿heMeS Charge to profit or loss irt rospect af delined contrlbutlon schemes 15,077 14,307 The charlty operates a deflnÈd Contribution pension schemÈ for all qu31ilying employee5. The assels of the scheme are held 5eparatÈlyfrom those of the charlty In an independently administered fund. 15 Restrlcted funds The re5trlcted ftsnds of the cha¥ity comprlse the unexpended bhlances of donèttons and grants held on trust subject to speclflc conditions by donors as to how they may be used. At l AprS12023 Inc¢volng re50uices Resource5 expended At 31 Marth 2024 Awards for All Dulverton Rayne Foundation Bruno Schroder Trust Fidelity UK Found8tlo¢) Department ftrr Levelllng Upi Houslng and CommunitlPS Million Houis Fund S,517 30.000 3.744 loo.000 70,197 12341 5,283 30,000 25,000 18,978 111,419 25,000 150,000 81.400 13.7441 1231,0221 140,1781 791,OL3 9,000 791,013 9,000 210,458 1,056,413 1275,1781 991.693 -28- DO￿8￿n Env8bpe10'. 94E46C5F-6566457A4E2B-58596BaEA3FO SHIFT ORGANISATION LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 IS Restrlcted funds Icontlnuedl Prewiou5 year.. At l Aprll Z022 Incoming re50urces Resources ekpended At 31 March 2023 Award5 for All OufvÉrton Rayne FoundatlDn Bruno Schroder Trust Fldelity UK FoundatlDn 9,990 30,000 10,300 13,4731 6.517 30,000 3,744 ioo,o 70,197 25.000 loo,000 81,400 131.5561 111.2031 50,290 206.400 146,2321 210.458 To date we have launched 7 Practice5 in partnership with different local auihorities. Each restrlcted fund covers either I Practice, a specS1ic role withln the national team or activltSes for the children and young people our Practices work with. 16 Unreslrlcfed ILfnds The unrestricted fund5 of the charitycomprise the unexpended balances of donations and BrÈnt5 which aTe not suble£t ro speclflt conditions by donors Ènd gr3ntors as to how they may be used. Thesp include designated funds which have been set aslde out of unrestrl£tÈd fund5 by the trustees for Specific purposes. At l Aprll 2023 IncoMln£ resources Resources Expended At 31 March 2024 General f￿ndS 631,360 1,018.408 1905,8361 743,932 Prevlous ￿ar.. At l Aprll 2022 Incomlng resources Resources expended At 31 March 202Y General fund5 848,399 490,718 1707,7571 631,360 17 Analysls of net assets between fur*ds Unrestrltted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024.. Tanglble a55et5 13.512 730,420 13,512 1,722,113 991,693 743,932 991,693 1.735,625 Oocuslgn Envelope ID.. 94E46C5F-6566457A-8E2B-58596YJEA3FO SHIFT ORGANISATION LTD NOTESTO THE FINANCIAL STATEmE￿S (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Anatysls of nÈt èssets between funds Icontlnuedl Uh￿StrIcted lunds 2023 Restrlcted lunds 2023 rotal 2023 At 31 March 2023.. Tangible a55ets 9.009 622,351 9.009 832,809 210.458 631.360 210.458 84l,818 18 Related pattyt¥ansaclion5 There were no disclosable related partytransattions during the year12023- none). 19 Cash generated Iwm opevatlons 2024 2023 Sufpluslldeflcltl for the year 893.807 156,8711 Adjustments for.. DepfetiÈtion and Impalrment of t3ngik>le ftxed a$5ets 3.799 2,098 Movements in wcir*ing capitsl.. Ilncreasel in debtor5 Increa5e/ldecreasel in treditors IncTea5e defÈrred income 15,4471 187,445 1,150,000 16861 18,1181 200,aiK> Cash generated from operatlons 2.229,604 136,423 -30-