2022-11-30-accounts - Project Recce CIO

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(a Charitable Incorporated Organisation (“CIO”))

TRUSTEES’ REPORT AND ACCOUNTS

FOR THE PERIOD ENDING 30TH NOVEMBER 2022

Charity No: 1195819

PROJECT RECCE CIO

REPORT AND ACCOUNTS
CONTENTS
	Page
Trustees’ Report	3 - 5
Independent Examiner’s Report	7
Receipts and Payments Accounts	8
Statement of Assets and Liabilities	9
Notes to the Accounts	10

PROJECT RECCE CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[TH] NOVEMBER 2022

The Trustees present their report and accounts for the year ended 30[th ] November 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Reference and administrative details

Charity name: Project Recce CIO Registered charity number: 1195819 Charity’s principal address: The Chicken Shed, Hillside Farm Hillend Stockport SK6 4PY

Trustees:

B F Broad – Chair N M Jones

S R Plowman

Governing Document and Constitution

The Charity is a Charitable Incorporated Organisation (CIO).

The Charity is governed by its Constitution which sets out the objects and powers of the charity and governs the actions of the Trustees.

Project RECCE was founded as a Community Interest Company on 18[th] November 2018 and converted from a CIC to a CIO, registered with the Charity Commission on 16[th ] September 2021.

PROJECT RECCE CIO

TRUSTEES’ REPORT (Cont/d)

FOR THE YEAR ENDED 30[th] NOVEMBER 2022

Trustees recruitment and appointment

The Charity must have a least 3 Trustees with a maximum number of 12.

Apart from the first Trustees, every Trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the Trustees.

In selecting individuals for appointment as charity trustees, the existing Trustees must have regard to the skills, knowledge and experience needed for effective administration of the Charity.

None of the members of the Board of Trustees has any beneficial interest in the Charity. All of the members of the Board of Trustees are members of the Charity. They have no liability in the event of a winding up.

Policies adopted for the induction and training of Trustees

The Chief Executive briefs all new Trustees along with the Chairman of Trustees.

Organisational structure and decision-making policies

Financial and Operational Control is exercised by the Chief Executive under fully delegated authority. At the end of the 2021-22 financial year the Chief Executive had been in post since the founding of the Charity.

The Chief Executive meets regularly informally with the Chairman of Trustees and periodically as per the Constitution with the Trustees.

The senior management team consists of Neil Houlihan CEO, John Davies COO and Ruth Houlihan CFO.

Pay policy for key management personnel

Pay for senior staff is set through external benchmarking to ensure it is appropriate and proportionate.

Principal objectives

The objects of the Charity are:

The relief of financial hardship and the advancement of education and training for the public benefit of persons who have served in the armed forces in particular but not exclusively by: 1.1 providing meaningful vocational training, transitional advice and support to prepare them for entry to any occupation, trade or profession across the construction industry; and 1.2 providing assistance to find employment in the construction industry.
The promotion of social inclusion for the public benefit among people who are former members of the armed forces who are socially excluded from society on the grounds of their health, social and economic position by assisting them to integrate into society by providing; education and training to prepare for a new career in the construction industry including vocational skills; social and recreational activities and events involving the armed forces community and construction industry.

PROJECT RECCE CIO

TRUSTEES’ REPORT (Cont/d)

FOR THE YEAR ENDED 30[th] NOVEMBER 2022

The relief of the mental ill-health of persons who are former members of the armed forces in need by reason of trauma experienced during their military service and transition to civilian society, in particular by the provision of counselling and peer-support.

Principal activities, achievements and performance

During the period under review the Charity undertook the following activities.

Project RECCE has created a pathway into the construction industry, for service leavers and veterans, utilising classroom based, on-line learning and work trials, in collaboration with industry partners who can provide sustainable employment opportunities. The programme is complemented with outdoor activities and access to a peer-support community.

Beneficiaries are mentored on opportunities with construction industry partners and are provided with work placements to assist in securing their second career within the construction industry.

Ongoing support is provided, and progress of beneficiaries is monitored at quarterly intervals. Successful progression through the programme meets the charity’s aims in relieving financial hardship, mental ill health and promoting social inclusion.

The Trustees confirm that they have complied with the Charities Act to have due regard to the public benefit guidance published by the Charities Commission for England and Wales

Achievements and performance

Project RECCE have supported 65 new beneficiaries through the Pathways into Construction programme during this reporting year. 58 of these are now in employment or further education, which is a success rate of 89%.

The Charity has also continued to support existing beneficiaries from the Project RECCE community.

Since founding the CIC in 2018, by employing beneficiaries of Project RECCE, their industry partners have generated £3.4 million in social value.

The Charity have also encouraged and supported industry partners with a combined turnover in excess of £2 billion in signing the Armed Forces Covenant.

Financial Review

Going concern

The Trustees are confident that the Charity can continue as a going concern.

RESERVES POLICY

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Board of Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised.

PROJECT RECCE CIO

TRUSTEES’ REPORT (Cont/d)

FOR THE YEAR ENDED 30[th] NOVEMBER 2022

Principal risks and uncertainties

Risks

(i) Lack of beneficiaries
The Charity would be at risk if it could not recruit sufficient beneficiaries but is currently receiving sufficient applications per year for places available. Furthermore, the charity is exploring opportunities with potential referral partners expanding its network.

(ii) Lack of funding

Prior to conversion to a CIO, the CIC was awarded a 3 year funding programme from the CITB, in partnership with Balfour Beatty, which would have provided 70% of required funds. Unfortunately, this funding programme was cancelled, as a direct result of the pandemic. The Charity has undertaken to diversify its sources of funds, so not to be too reliant upon one funder.

Financial Review

As at 30 November 2022 the charity had a surplus for the year which amounted to £12,871. It is expected that the accumulated funds will be expended on the Charity’s activities in the forthcoming year.

Financial Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for the Future

The charity has submitted a bid to JP Morgan for their Force for Good campaign, which will help to streamline processes and workflows to manage the journey of both the beneficiary and employer more efficiently.

The charity is also exploring strategic partnerships with organisations assisting ‘work ready’ veterans, who want to collaborate with and refer to the Project RECCE programme.

APPROVAL

This report was approved by the Trustees on 11[th ] September 2023 and signed on its behalf.

B F BROAD CHAIR

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROJECT RECCE CIO- I'th• CIO'I FOR THE YEAR ENDED 30th NOVEMBER 2022 I report to the charity trustèès on my gxaminalion of the ac¢ounls of the CIO for the year ended 30th Novernbei 2022. ResponslbllltSes and basls of rèport As the Iruslees of the charity you are responsible for Ihe preparation of the aecounls in aordanC&wIth the requirements of the Charities Act 20111.the 2011 Acf'l. I report in respect of my examination ol the aeeounts carriod out under section 145 of the 2011 Act and in Garrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151 Ibl of the Act. Ind•p•nd•nt examingrf¥ $tstsment I have completed my examination. I confim) that no material matters have eomè to my attention in connactlon wrth the eXaMinatn giving me causè to beli8 that in any material respect.. accounting records were not kept in respect of the chartty as required by section 130 01 the Act.. or.. 2. the accounts do not accord with those records,. or I have no concerns and have come across no other matters in connection with the examination to which attention should b8 drawn in this report in ordar to 8nabl8 a proper undarstanding of tha acctsunts to bè reachèd. Sefton FFA 139-143 Union Strèè( Oklham, Lancashlre. OLI 1TE Date.. I I September 2023

PROJECT RECCE

RECEIPTS AND PAYMENTS ACCOUNTS

FOR THE PERIOD ENDING 30TH NOVEMBER 2022

Receipts Donations, legacies and grants Monies Introduced from Previous Organisation Total receipts Payments Wages, national insurance and pension costs Motor and travel expenses Costs of charities activities Total payments Net receipts Cash funds last year end Cash funds this year end	8 Unrestricted funds 2022 £ 111,706 52,897 164,603 124,237 3,201 24,294 151,732 12,871 12,871	Restricted funds 2022 £ - - - - -	Total funds 2022 £ 111,706 52,897 164,603
			124,237 3,201 24,294
			151,732
			12,871 -
			12,871

PROJECT RECCE

STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH NOVEMBER 2022

Cash Funds Cash at bank and in hand Total cash funds	Unrestricted funds 2022 £ 65,724 65,724	Restricted funds 2022 £ - -	Total funds 2023 £ 65,724
			65,724

The financial statements were approved by the Board of Trustees and authorised for issue on 11[th ] September 2023 and were signed on its behalf by:

………………………… B F BROAD CHAIR

PROJECT RECCE CIO

NOTES TO THE ACCOUNTS

YEAR ENDED 30TH NOVEMBER 2022

1. Trustee’s remuneration

During the year the Charity paid remuneration and employer’s pension costs totaling £0 to a Trustee.