Charity regisiraiion number.. 1193708 DEBP CIO Annual Report and Financial 8tatem¢nts for the Year Ended 31 August 2024 Comn)unily Accounling Plus Uniis l & 2 North West 41 TalLx)i Street Noitingham NGI 5GL
DFBP CIO Contents (continued) Reference and Administrative Details Truste¢s' Report 2to6 Statement of TTU5tee5' Respon5ibilitie5 Independent Exaininels Report Statement of Fii)ancial Activities Balance Sheet 10 Cash Flow Statement Notes to the Financial Statements 12to 19
DFBP CIO Reference and Administrative Details Trustee5 John O'callaghan Frank Lord Kaye Twomloiv Domii)ic Stevens Senior Management Team Clare Tglati Laura Duck lain MeBride Sarah Cutler Charity Registration Number 1193708 Principal Office Commerce House Millennium Way Dunston Chesterfield Derbyshire S41 8ND ItLdepeDdent Examiner John O'Brien, employee of Commuiiity Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Bankers Co-operaiive Bank 15 Elder Way Chesterfield Derbyshire S40 IUX Page I
DFBP CIO Trustees, Report The tiustees present the annua] report together with the financial statements tsf the charity for the year ended 31 August 2024. Truste¢5 and officers The trustees and officers serving during the year and since the year end were as folloivs.. Trustees.. John O'callaghan Frank Lord Kaye Tw'omlow Dominic Stevens Structure. governance and management Nulure ofgoverniug dUMent The charity is operated under the rules of its constitution adopted 0510112021. Recruitment and appoinlntenl of iru51ee5 The consiituiion states that ihere must be ai least three charity trustees, and that ihere is no maximum number of charity trustees that may be appointed to DEBP CIO. Currently there are 4 trustees so appoiiitment ol. i)ew trustees has iioi been necessary during the reporting period. If new trustee(sl were to be appoinied, the current charity trustees would have regard to the skills. know.ledge and experience needed for the effective administration of the CIO. The chariiy trustees would make available to each new charitj Irusiee. on or beflire his or her first appointment= (al a copy of the current version of this consiituiion., and (bl a copy of the CIO-S latest Trustees. Annual Rekx)rt and siatement of accounts. Objectives and activities Objecls andoiFttS l. To art as a resource for young people, including young people with special ediicational needs or other forms of disability, up to the age of 25 throughout the UK by providing advice and assistance and organising programmes of physical, ediicationgl and other activities: and by promoting research and publishing the useful results of such research, as a means of.. (al advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society a5 independenL matiire and responsible individuals; (bl advancingF education: aiid (cl relievii)g unemployment. 2. To advance the education and training of adults in the UK who are socially andlor economically disadvantaged. Objeclives, slraieRies nd uclivilies We work with schools and employers to develLlP bespoke programmes to support young people aged up to 19 and up to 25 for young people with special ediicational needs and disabilities. We also work with vulnerable young adults to advance their employability skills. Page 2
DFBP CIO Trustees, Report (continued) Publi¢ bertefii At DEBP. we want every child. young persoi) and vulneiable adult to have a future based on their skills not their situation. On behalf of children. young people and vulnerable adults, we will always.. * Include opponunities for them to develop and recognise their skills Offer bespoke support and interventions Raise the expectations of key stakeholders to enable improved L)uicomes Engage and support passionaie partners who inspire Aim to increase confidence to articulate aspiration Provide support io access and sustain educational and employment opportunities * Advocate with their best interests at heart through all of our work. We include opportunities for our customers to develop and recognise their skills. The trL15tee5 confitin that they have COTnplied with the requirements of section 17 of the Charities Act 2011 to have due regFard to the public benefit gFuidance published by the Charity Coinmission for England and Wale5. Achievements and performance The )ieai has been another exciting one in the develtspment of DEBP.. w'orking together to provide exemplary opportunities for children, )ioung people, and youn¥ ddults. We have supported over i,O(X) students and woiked with 160 employers from across the legion. Our commitment tu lii¥h quality, impartial, infotmdtion. ddvice, and guidance has seen the staff teain seciire more Level 6 qiialifJLations-. providin¥ higl)ly rated careers advice for young people in schools. We want to thank the exceptiL)nal DEBP team. for their dedication and enthusiasm in offering children and young people opportunities to recognise their value and showcase their talents. and say thank you to all our partners, without whom none of this would be possible. Key Highlights and Achievements November 23 Project SEARCH Derby received an award for achieving l OOO/o empli)yment outcomes for 2021-2022. The am'ards ceremony was in Blackpool as part of the DFN Pri)ject SEARCH Conferen¢e. February 24 What's Next Event - A transition event that supported young people with SEND and their families, to explore their options for the future. March 24 Our Yoiith Voice teain atteiided the Connected Futures.. Youth Led Event, ivas about centring youth voice and leadet5hip, and leariiing from others; and two inteTll5 froin Project SEARCH Derby visited the House5 of Parliament to dIU$$ all things on National Supported Internship Day. April 24 Careers Made in Chesterfield was l(IUnLhed, a programme that we look fonvard to expanding and en)bedding i partnership with Chesterfield Borou¥h Coiiiicil. Intern selectioii day5 take place across multiple Supported liitetnship sites iiicludit]g Our new ASDA partnership. May 24 Our oftice space was reconfigured with the main office becoming our new alternative provision space called Fuiure Focus. Page 3
DFBP CIO Trustees, Report (continued) July 24 Giaduation ceremonies for Interns took place throughout the month. and the first group of learners from Tibshelf Community School participated in 'Future Focus, hosted at the our otyices. August 24 Our new support for FollLlW On Job Coaching launches to support new employees as they rransition frlim education into employment. Careers Made in Chesterfield Careers Made in Chesterfield (CMIC) funded by Chesterfield Borough Council has had a successful first year: hosting eight workshops for 275 young people and providing ivork experience placements for almost 30 students. It provides sdentS with insights about local career oppartiinities and aims to create a pipeline of talent to support local businesses. In its first year, the programme hgs focussed on the property and construction sector but will expand to include the health and wellbeing sector and manufacturing sector over the next three years. Industry experts have hosted interactive workshops at Ashgate Croft School, Parkside School, Springwell Community College, Netherthorpe School and the Chesterfield YES Youth Hub. Made in Chesterfield The cainpaign, coordinated with Destination Chesterfield and sponsored by Chesterfield College, has i)ow taken place for the tenth year. It aims to close skills gaps in Chesterfield by providing ytsui)g people with tours of leading manufacturing, engineering, ai)d construction busine55es. It took place in November, with 2J Students from 01)e schoolltraining provider involved in visits to two local businesses. Open Doors We once again teamed up with East Midlands Combined County Auihority to provide Derbyshire and Noitinghamshire studenis with the opportunity to engage with local employers. The initiative aims to give groups of young people an insight into the workings of different businesses and seciors, to break down misconceptions and stereoij'pes and to highlit Ihe 'unseen' roles within businesses. It includes visits in 10 business and interactive talks in schools. 1.489 students from 26 schools took part in the 51 sessions with 35 employers. Fusion Learning Fusion Learning is a new project for a targeted group of learners from Heritage High School and The Bolsover School. It is a partnership with Bolsovtr District Coiincil. Engineered Learning, Bolsover Partnership, East Midlands Railway.. CoTnmunity Rail Network, Cross Country Trains Ltd and the Robin Hood Line. 12 students aged 14 to 16 were gFiveii a iiiiique opportunity to develop their employability Skills, to 5UPPOrt their progFression into employinent.EJiLFji)eered Leatning assisted young people to leaTn fabrication and weldiiigF skills in at] authentic workshop environment. They made a prototype woolly mainn)oth before doing a big version w located at Creswell Railway Station. All Ihe young people who look part have gained a Level One Award in Industry Specific Engineering Skills. ready to take their skills into the workplace. 90 /0 of students went on io a posiiive posi-16 destination. Page 4
DFBP CIO Trustees, Report (continued) Future Focus Our new Future Focus offer - linkii)g witl) Bolsover Partnet5hip and Bolsover District Council. with funding from the UK Shared Prosperiiy Fund (UKSPF) supports the co-production of a 'creative hub, within the District that will prlivide space for co-curricular activity.. alternative provision, a tlexible perfom]ance space, and Climmunity venue, based around the creative sector. The first group of 6 students from Tibshelf Community School attended the programme in July. They Snt the week developing their ideas for a creative hub and culminated the week by pitching their business plan. Project SEARCH This year another programm¢ wa5 added to our expanding Supported Internship offer, supporting young p¢opl¢ on their journey towards sii%tainable employment. Gullivevs Kingdom in Matlock Bath commen¢ed in October 2023, with four interns joining the programm¢. Project SEARCH Supported Internsliips also continued at University Hospitals of Derby and Burton with nine interns on the programme, and at Chesterfield Royal Hospital li interns joined. Across all Supported Intemship sites a total of 78 work rotations were completed by the interns. Raising Aspirations We ctsntinue to deliver the Raising Aspirations contiact, which is funded by Derbyshire Ctsunty Council Public Health and Bolsover Parti)ership. We run a range of programmes under the Raising Aspirdtions bani)er but tl)ey all aim htlp student5 (frvTn Key Sta¥e 2 to 5) positively transitioii into the next phase of their eduLdtion, employment: or trainin¥.joun)ey. This year we have supponed 5JO young people from 20 schools wilh the support from 40 employers, and over 270 sessions have been delivered in schools anivor in the workplate. What's Next Event We saw gr0h in our eveni to showcase opportunities for young people 'iTh Special Educational Needs and Disabilities: through the provision of Ihe 'What's Next Event, in February.. where }'oung people and their families were able to explore their next steps. whether in education, employment: or social care pathways. Insight+ Throutwh oiir Insight+ offer, we have seen the expansioii of the Connected Futures Youth Voice Arnbassador Team, hosted by DEBP, and they continue to challenge stereotypes around the capabilities of people with Learning Disabilities Ed/Or Autism SpectTUm Conditions. Future Plans We have receiitly laiinched a pilot initiative for 'Follow Oli Job Coachiii¥', supporting g5raduates from Chesterfield Royal H05Pjtal. and Gulliver's. This is to help address the huge gap iii support cutTently available for young people prouFressinbF frotn a Supported Intem5hip into employment. From September 2024, we will be offering two new Supported Inteniship pro¥rammes - Amazon workints j partnership with Derb}'shire Adult Cominuiiity Education ServiLe (DACES) and Asda ii) Spondon, with a iiew educaiion partner in Derby Ciiy, the YMCA Key College. We prepare for a competitive phase of Connecied Futures to secure funding for a further 3 years from the Youth Futures Foundation. Page 5
DFBP CIO Trustees, Report (continued) Fiom Septembei 2024, we start Mobility South DeTbysl)ire funded by the UK Shared Prosperity Fund (UKSPF), throu¥h South Derbyshire District Council whicl) connects learners with loLdl employers. to help iiispire the next generntion of w'orke15 into their industry. * Fusion Learning continues with iwo additional schools. We continue to develop our Future Focus offer and look forward to welcoming more siudents. * Our Raising Aspirations programmes will be more besplike to individual schools with more intensive support- up to a full academic year. Following a second successful What's Next event. it will be repeated in February 2025. It will also link to the Future Focus prL)gramme. with a group of studenis working towards SUPPL)rting the event. We are incredibly grateful to all the organisations, partners and funders, Ivho helpyd make our work possible in 2023-24. Finallcial review Pollcy on reserves To ensure that there is no significant disruption io our charitable activities, holding appropriate reserves will enable DEBP to respond to any unforeseen reduction in income. Our reserves range is £180.000 to £260,000. based on i-6 months operaiing expenses. A review of the financial position is undertakell bi-monthly at DEBP (ieneral Meetings, and our assessment of the possible fiiiancial impact of risks have been incorporated iiito the reserves range we have calculated. Page 6
DEBP CIO Statement of Trustees, Responsibilities The trus$ arc r¢$FM)nsibl¢ for pr¢parin8 thc trus1$, rcp)rt and the finaneial $tatem¢nts in accordancc iith thc Unld Kingdom Accounting Standards (Unitd Kingdom GencrailN' Acccptcd Accounting Prdcticcl and appliLablL Idl4' and fL¥U1101s. ThL lam. appliLablc to ch3tJti¢s wuiffs the tw4¢¢s to pr¢p finarttiai for #ach finartc1 itar i%hich Si¢ a tru¢ and Fair vicii" of thc statL of 21Tairs of ihc chariN and of thc ineomin8 rcsourcLs and application of ¥csourcLs of thc chants. for that pTIOd. In pr¢paring th¢ firtaTh¢ia] stht¥ffl¢nts. thb trust¢c$ wquired to.. sLlcct suitablL accouDtin¥ policibs and thLn applN th¢m eon$i$t¢ntl)". Obse the m¢th4xls and pnncip1tt5 Irt the Charitiex SORP. make judycmLmts and Lstimatcs that are [Lnabl¢ prlent. sthtc M"hcthcr appli¢abl¢ accounring stsndards hav¢ folloii&l. subjeei to an%. rnatcn departurLs discloscd and cxplain¢d in the fin3Cl 5taternents: and PTcparc thc financial statcmcnts OD th¢ goirtg ¢oth¢¢m basi$ unl¢ss JI is ittappropri*¢ ro prcstsme the chariti. ii'ill continiic in business. Thc injstccs arc rcspon5iblc for k¢cpiRg propeT a¢¢outhting re¢ords thai disclose ii.ith r¢as0tlIe accuraci ttt att%" tuiie the f5DanCi p)51ts0n of ¢harit! and L'nablc ihcm 10 ensure ihat the f1ts2nciai statemcnts compli. ii'ith thc Challties Act 2011. th¢ Chariti¢$ IA¢¢ount$ attd R¢ports} Rcgulations 2008. and ihc provi5ion5 of thc ¢onstitution. Th¢ irusic¢$ a]v $0 r¢sp)nsiblc for safLgkuarding thL asscts of th¥. charit>. and hLllCL for taking rLasonable MLps for th¢ prevention and detectioD of fraud and oth¢r inE8ulartti¢$. Thc iTUStccs arc rcswnsiblc for the maintetwi¢e and ittt¢gntr of th¢ ¢orporat¢ and finaneiai infomiation inclydcd on the chantablc compani s iitbsite. .lS12(10 uovcrnin8 thc prcparalion And disscminatioD of fumthcial stakmcnts mai, diffcT fTom Icgislation otheT jurisdictions. Approvcd b%. thc tnsstecs of the chariti. on rt..: I2.2trar signed ort its behajf bi.. ohn O'c1#8ha TThst¢c Pagc 7
DFBP CIO Independent Examiner's Report to the trustees of DEBP CIO Itldependent exarnitLer'5 report to the trustees of DEBP CIO I Itport to the trustees on m> txamii)ation of the dcLounts of DEBP CIO (the Charity) for the year ended 31 AugiLSt 2024. Responsibilitie5 and basis of report A.% the trnstees of the charity you are responsible for the preparation of the ac¢ounts in accordan¢e with the requirements of the Charities Act 2011 (the Act')- I report in respect of my examination of the Charity's accounts carried oiit under section 145 of the 2011 Act and in carry'ing out my examination I have follo.ed all the applicable directions given by the Charity Commission under section 145{5)(bl of the Act. llldependent exarnitler 5 Staternent Since the C.hariiy's gross income exceeded £250.000 your examiner must be a member of a body listed in sectilin 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member and Felloiv of the Association of Charity Independent Examiners, which is one of the listed bodies. I have compleied my examination. I confimi that no matters have come to my attention in connectilin with the examinaiion giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act: or 2. the accounts do not accord with those records: or 3. the accounts do not Comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view 'hICh is not a matter considered as part of an independent examination. I have concerns and have come acros5 110 other Tnatters iii connection with the examination to which attention sliould be drawli in this report iii order to enable a proper under5tandinu of the accouiits to be reached. John O'Brien Msc, FAIA, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbnt Street Nottingham NGI 5GL 0410412025 Page 8
DFBP CIO Statement of Finaneial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities 4.800 578,572 4.800 942,993 21.095 658,050 8,828 364,421 Total Income 583,372 364,421 947,793 687,973 Expenditure on: Charitable aciiviiies (520.687) (274,542) 1795.229) (694,386) Totsl Expenditure Net movement in funds (520,687) (274,542) 1795 ?29) (694.i86) 62,685 89,879 152,564 (6,413) Reconciliation of funds Total funds brought fonvard 148,712 148.712 155,125 Total funds Caled fotiward 211,397 89,879 301,276 148,712 All of the charity's activities derive from continuing operation5 durin¥ the above two period5. The fund5 breakdoThn for the period 15 Shown in note li. Total 2023 Unrestricted Restricted Note Income and Endowments from: Donation5 and legacies Charitable activities Other trading activities 21,095 658,050 21,095 658,050 8,828 8,828 Total Income 679,145 8,828 687,973 Expenditure on- Charitable aciiviiies (682.193) {12.193) (694,386) Total Expenditure (682,193) {12.193) (694.386) Net expenditure Gross transfers between funds {i.048) {3,365) (i,365) i,?65 {6.413) Net movement in funds {6,413) {6,413) Re¢on¢iliation of fund5 Total funds brought fonvard 155,125 155,125 Tothl funds carried forward 148,712 148.712 The notes on pages 12 to 19 forni an integral part of these financial siatements. Page 9
DEBP CIO (Registration number: 1193708) Bglan¢e Sheet as at 31 August 2024 21124 21123 Note Current A55et5 Dcbtors Cash * bank and in hand 10 75,029 230,i67 66.)62 305,596 168,474 Creditor5- Amount5 falling duc Ivithith ytxr 12 14.320 119.7621 r4et assets 3UI.276 1411,712 Funds of the tharity.. Restricted income fund$ RLsiricd ndS 89,879 Vrtrestritted income funds Unrcstrictcd funds 211,397 148,712 Total funds 301.276 148.712 Thc fjnaneial stakmcnts on pages 9 to 19 ¢¢ approv¢d th¢ tyuCS. attd authorised for issuc on . and siyncd on th¢ir bchajf bN': ohn O'callaghan Tru$tc¢ The no¢¢s on pag¢$ 12 10 19 form an part of thcse finAn¢iaJ Strments. P4e 10
DFBP CIO Cash Flow Statement for the Year Ended 31 August 2024 2024 2023 Note Cash flows from operating aetivitie5 Net cash income/(expenditurel 152,564 {6.413) Working capital adjustrnent5 (Increaselldecrease in debtors (Decrease)lincrease in creditors (8,467) 115,442) 75.087 7,769 12 Net cash flows from operating activities 1 ?8,655 76,443 Cash flows from financing activilie5 Repayment of loans and borrowings 12 118,582) Net increase in cash and cash equivalents 128,655 57,861 Cash and cash equivalents at I September 101,912 44,051 Cash and cash equivalents at 31 August 230,567 101,912 Reeoneiliation ol net eash flow to movement in net funds Increase in cash 128,655 57,861 Net funds at I September 2023 101,912 44,051 Net funds at 31 August 2024 ?30,567 101,912 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 12 to 19 forni an integral part of these financial siatements. Pagell
DFBP CIO Notes to the Financial Statements for the Year Ended 31 August 2024 l Accounting polieies Statement of eompliartee 'I'hc financial statcincnts have been prepared in accordance with the second ¢dition of th¢ Charities Statement of Recommended Practice issued in Octi)ber 2019. the Financial Reporting Standard applicable in the United KinbFdoin at]d Republic of Ireland IFRS 102) aiid the Cl)aritie5 Act 2011. Basis of preparation DEBP CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost 01 tra115actioii value uiile55 Othetwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whethei the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or condititsns that may cast significant doubt on the ability of the charit>. to CLintinue a5 a ¥oing conceTn. The trusttes make this a55esstnent in respect of a period of one year from the date of approval of the financial siatements. Itleome and eThdowmettts Voluniary incoine including donations. gifts. legacies and grants that provide core funding or are of a general nature is recognised when ihe chariry has entitlement to the income, it is probable that ihe inclime will be received and the amount can be measured M'ith sufticient reliability. Doualions legucies Donatioiis and le&Tacies are recognised on a receivable basis when receipt 15 probable and the amount can be reliably measured. Grartts reeelvable Grants are recogiiised whei) the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perfomiance condiiions are attached to the grant and are yet to be meL the income is recognised as a liability and included on Ihe balance sheet as deferred income to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading Ihai aggregates similar costs to that category. Where costs cannot be directly attributed to parricular hegdings they have been allocated on a basis consistent with the use of resources: with central stsff costs allocated on the basis of time spent, and depreciation charges gllocated on the portion of the asset's use. Other siipport costs are allocated based on the spread of siaff costs. Charilahle uclivilie. Charitable expenditure comprises ihlise eosts incurred by the charity iii the delivery of its activities and services for ils beneficiaries. It includes both costs that can be allocated direcily to such aciiviiies and those costs of an ii)direct nature necessary to support them. Page 12
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) Goi'ernment grants GoveTnrnent ¥rdnts are recogni5ed based on the accrual model and are measured at the fk)ir value of the asset received or receivable. Grant5 are classified as relatin¥ either to revenue or to as5et5. Grants relatin¥ to revenue are recognised in incoine over the period in which the related costs are recognised. Grants relating to a55et5 are recognised over the expected useful life of the asset. Where part of a wnt relating to ali asset is deferred, it is reco¥nised as defeTred income. Taxation The Lharity is eonsideied to pass the tests set out in Paragiaph I Schedule 6 of the Fii)ance Act 2010 and tlier¢fore it meets the definition tsf a charitable cotnpany for UK corpvration tax puwoses. AcLor(lingly. the charity is potentially exempt from taxation in respect of income or capiial gains received within Categories covered by Chapter 3 Part I l ol. Ihe Corporation Tax Act 2010 or Seeiion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that sueh income or gains are applied exclusively io charitable purposes. Trade debtor5 Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary CL)urse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cosi using the effective interest method, less provision for impaimient. A provision for the impaimient of debtors is established when there is objective evidence that the chariry will not be able to collect all amounts due according to the original temis of the receivables. Cash and e#sh equivalents Cgsh and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid invesiments that are readily convertible to a knom'n amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-bearing bo011]6S are initially recorded at fair value, net of transaction costs. Intere5t-bearing bOrro..1ngS are subseqiiently carried at amortised c05t. M'ith the difference between the proceeds, net of transaction costs. and the amount due on redemption being recognised as a charge to the over the period of the relevant borrow'ing. Interest expense is recognised on the basis of the effective interest method and is included in interest pa}'able and siinilar charges. Borrowings are classified as current liabilities unless the has ai) unconditional right to defer settleinent of the liability lor at least twelve Inonths after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtheTance of the objeciives of ihe charity. Restricted income ndS are those donated for use in a parti¢ulgr area or for specific purposes, the use of which is restricted to that area or purpose. Page 13
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) Pensions and other post retirement obligations The charity operate5 a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension cost5 char¥es in the StsteTnent of Financial Activities represent the contribution5 payable by the charity durin¥ the year. 2 Income from donations and legacies Unrestricted funds Central Total 2024 Total 2023 Donations and legacies., Donations from companies, tnists and similar proceeds Grants. incliiding capital grants; Government grants Grants from companies 18,095 3,000 4,800 4,800 4.800 4.800 21.095 3 Income from charitable activities Unrestricted funds General Restrieted funds Total 2024 Total 2023 Fees Grants & donations 578,572 578,572 364,421 658,050 i64,421 578,572 364,421 942,993 658,0.50 4 Income from other trading activities Total funds Total 2023 Fundraising 8,828 8,828 Page 14
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) 5 Grants and donations Unrestricted funds Restricted funds Total fund5 D2N2 LEP 217,681 67,240 41,000 37,500 1,000 217,681 67,240 41,000 37,500 1,000 4.800 IET Bolsover Districi Council Soiith Derbyshire District Council Africa Wild Trai15 Kaktsu Technologies 4.800 4,800 364,4?1 369,221 6 Expenditure on eharitable activities Unrestricted fund5 General Restricted funds Total 2024 Total 2023 Advertising & proTnotional Child Maintenance DEO Computer costs l-venture Insurance 161 9,943 1,012 10,955 7,789 15,502 1,228 12,256 1.598 2,228 14,540 1,076 2,228 14.540 1.076 Nuffield bursaries Nuffield travel expet)ses Officelgeneral administrative expenses Prafcssional services Phone costs Rent 3,3i I 12,069 3,072 13,042 40 549 15,177 444,521 42 5,412 225 1.068 24,594 2,470 11,000 132 225 l i,430 602.9i3 17,481 3,297 13,042 40 549 31.135 694,7ii 1,600 1,062 STEM expenditure Training Travel & accominodation Wages, Nl & pensions Youth Voice Ambassador Sundry expenses 15,958 250,212 1,600 1,062 520,687 274,542 795,229 694,386 Page 15
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) 7 Staff costs The aggregate payroll costs were a5 follows.. 2024 2023 Staff cost5 during the year were: WagFes and salaries So¢ial security costs Pension costs 633.395 49,842 11,496 548.506 44.257 10,170 694,7i3 602,933 The monthly average number of persons {including senior management team) employed by the charity during the year wa5 as follows.. 2024 2023 Average number of persons employed 26 22 25 (2023 - 20) of the above emplL)yees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £1 1.496 (2023 £10,170). No employee received emoluments of rnore thali £60,000 durin¥ the year Th¢ iotsl employee benefits of the key management personnel of Ihe charity were £120,97212023 - £57,043). 8 INdepeNdeNt examiTher's fees During the period, the fees payable (excluding VATI to the ¢harity's independent examiner Community Accounting Plus are analysed as follows.. 2024 2023 Ind¢pend¢nt examination Other financial services 1.280 578 1.100 490 1.858 1,590 Page 16
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) 9 Taxation The charity is a registered charity and 15 therefore exempt from taxation. 10 Debtor5 2024 2023 Trade debtors 7i.246 1,783 39.198 27,364 Accrued income 75,029 66,562 I I Cash and cash eqllivalents 2024 2023 Cash at bank 230,567 101.912 12 Creditors: amount5 falling due within one year 2024 2023 Other taxation and Social 5ecuTity Other creditors i03 4.017 11,784 7.978 4,)20 19,762 13 Funds Balance at I September 2023 Incoming re50urees Resources expended Balance at 31 August 2024 Unrestricted funds G¢neral 148,712 583,372 (520,687) 211.397 Restricted funds l-venture Fusion Learning Future Focus Connected Future5 1,000 12,500 28,500 217,681 67.240 37,500 1,000 8,075 2,898 39,566 38.i40 (4.425) (25,602) IET MSD 128.9001 137,5001 Total restricted funds 364,421 (274.542 89,879 Total funds 148,712 947,79i (795,229) 301,276 Page 17
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) Balance at I September 2022 Balance at 31 August 2023 IncorniDg resources Resources expended Trallsfers Unrestricted fund5 Generftl General 155.125 679,145 {682,193) (3,365) 148.712 Restricted l-venture 12,193 3.365 Total funds 155,125 687,973 {694,386) 148,712 The specific putyoses for which the funds Rre to be applied are as follows.. l-venture Africa. Fusion Leamin¥ - Commissioned by Bolsover Partnership, Fusion Leamin¥ is a partnership project with Bolsover District Couiicil, Engineered Leaming, East Midlands Railway, Community Rail Network, Cross Coui)ty Trains Ltd and the Robin Hood Line, to provide 12 students aged 14-16 from the Bolsover District with a unique opportunitS' to develop their employabilitv skills. to support their progresgion into employment. Future Focus - Commissioned by Bolsover Partnership and Bolsovei District Council, with funding from the UK Shared Prosperity Fund, Future Focus supports the co-pioduLtion of a 'creative hub, within the District. working with the Disirici's 6 secondary schools. Connected Futures Partnership project with the D2N2 Local Enterprise Partnership and Nottinghamshire Counry Council, awarded by Ihe Connected Futures Fund from the Youih Futures Foundaiion, seeking to identify the sysiein and issues around employment for young people with Leaming Disabilities andllir Autism Spectrum Conditions. IET - Delivery partner flir the IET Faraday@ Challenge Days in Derbyshire. Nottinghamshire, and South Yorkshire for the 2023-24 segson on behalf of IET Ediication. MSD - Commissioned by South Derbvshire District Council. with funding from the UK Shared Prosperity Fun to work in partnership with the Disirici's secondary schools and post-16 learners to provide bespoke packages of support and opportunities for experiences of work. fundraising for an international citizenship programme involving a students expedition to South 14 Analysis of net a55et5 between funds Unrestricted 2024 Total funds General Restricted Current assets Current liabilities 215,717 {4,J201 89,879 305,596 {4,3?0) Total net assets 211,397 89,879 301,276 Page 18
DFBP CIO Notes to the Finaneial Statements for the Year Ended 31 August 2024 (eontinued) Unrestricted 2023 Total funds General CuTrent assets Current liabilities 168,474 119,7621 168.474 119.762) Total net assets 148,712 148,712 IS Related party tran5actlOn5 There were no related party transactions in the year. 16 Trustees remuneration and expenses No trustees, nor any persons connected w'ith them, have received any remuneration from the charity during the year. No tnjstees have received any reimbursed expenses or any other benefits from the charity during the year. Page 19