Jk PROIECT RECCE (a Charitable Incorporated Organlsallon l°Cl(Y)) TRUSTEES. REPORT AND ACCOUNTS FOR THE PERIOD ENDING 30TH NOVEMBER 2023 Chaiity No: 1195819 PROJECT RECCE CIO REPORT AND ACCOUNTS CONTENTS Page Indopendent ExamlDerfs Roport Receipts and Payments Ac¢¢unts statamant of Assets and Liabilities 11 PROJECT RECCE CIO TRUSTEES. REPIJRT FOR THE YEAR ENDED 30- NOVEIIIBER 2023 TheTrustees present their report and accounts for the year ended 30th November 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT Rèferenc8 and administratlvo details Charity name: Project Re￿ CIO Registar8d charlty numbor. 1195819 Charlty's prlnclpal addrgss: The Chicken SW, Hill￿de Farm Hillend SILKKY SK6 4PY Trustees: B F Broad- Chair N M Jones S R PlowThan R K Shenton Govemlng Documonl and c(￿151￿11 The Charity is a Charltsble Irts)rpDrated Org8nisatitin (CIO). The Charity is govemed by its constitut￿ which sets outthe obJeoa5 and [￿r5 Otthe charity arKI governs the actions of the Twstees. Project RECCE was founded as a CommuiNty Inte￿$t Company on 18th N¢)vembèr 2018 and converted from a CIC to CIO, registered th the Charity Commission (N) 16th September 2021. PROJECT RECCE CIO TRUSTEES. REPORT (Conud) FOR THE YEAR ENDED 30" NOVEMBER 2023 Trustses recruitsnent and appointment The Chanty must have 8 least 3 Trustees ￿ryth a maximum numb￿ of 12. Apart from the first Trustees, every Trustee must be akyinled for a term of 3 years by a resolution passed at a p¥operfy convened meeting of the Trustees. In selecting individuals fof appointment as charity trustees. the existing Trustees must have regard lo the skills, knowledge and experience needed for effective administration of the Charity. None of the member5 of the Board of Trustees has any benefKial interest in the Charity. All of the members of the Board of Trustees are members of the Charty. They have no liability in the event of a wnding up. Polici￿ adoptsd for the induction and tr•iniry of Truste89 The Chief Executive briets all new Twstees a￿￿g ￿1h the ChaImi￿ of Twstees. Oryanisational structure and decisionamakiry policiès Fina￿la1 and Operational Control is exercised by the Chief ExecutNe under fvlty de￿gated auth￿lty. At the end of the 2021-22 financial year the Ch￿f Execubve had been in post since the fI￿nding of the Charity. The Chief Executive meets regularty infornially ￿ the Chaiman of Trustees and periodically as per the Constitution th the Trustees. The sonior management team consists of Neil Houlihan CEO. John Dawes COO and Ruth Houlihan CFO. Pay policy for key managèment Pefsonnol Pay for senior staff is set through extemal benthmarking to ensure it is apwopriate and proportionate. Prfnelpal objoctlvos The obje¢ts of the Charity are.. The relief of financial hardship and the advancement of educatv)n and training for the pU￿1C beneff( of persons who have served in the amed forces in parbcular but not exclusNety by". 1.1 promding meaningfvl vcLats"onal training, Iransilional advice arKI support lo prepare them for enty to any (￿UpatIOn, trade or profession across the construction industy" and 1.2 Provhling assi5tan¢e to find employmenl in the construction ind¥J$ty. 2. The promotion of sou81 indusw for the public benefft amw people who are fcffiier members of the amied forces who are socially exclu(Jed tr(￿ s(Kety on the grounds oftheir heatth, social and economic posib'on by assisting them lo integrate into society by providing" educatK*n and training to prepare for a new career in the construction industry including vocational skills., social and re¢reatw)nal act￿￿eS and events involving the armed forces community arKJ constrLk*n 1ndl￿ty. ## **PROJECT RECCE CIO** ## **TRUSTEES’ REPORT (Cont/d)** ## **FOR THE YEAR ENDED 30[th] NOVEMBER 2023** 3. 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 60 new beneficiaries through the Pathways into Construction programme during this reporting year 54 of these are now in employment or further education, which is a success rate of 90%. This includes delivering 2 courses in partnership with DWP Wales. 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. The Charity was successful with a bid to The Forces For Good Programme by JP Morgan, who supported us in developing an online community the Employment Rendezvous (ERV). Launched in November, so still in its infancy, we are in the process of populating the database. The ERV provides a central hub where our beneficiaries can upload their CVs, arrange work trials, access job’s boards, arrange a mentor, join various forums, network with our industry partners, fellow beneficiaries or seek advice and support from our network of ambassadors and volunteers or the SLT. Graduates of the programme can become ambassadors, sharing their transition stories, offering peer mentorship, providing testimonials, and providing invaluable feedback to enable continuous improvement. 5 PROJECT RECCE CIO Financial Review Going concern The Trustees are confident that the Chanty can contrtue as a 9)ing coneem. RESERVES POLICY It is the policy of the Charity that unrestricted funds vthich have not been desKJnated for a specffic use shoukl be maintained at a level equivalent to between three- and six-monlh's expendrture. The Board of Trustees consider that￿ServeS at this level wll ensure that, in the event of a significant drop in fvnding, they wll be able to continue the Charrty's current actNities vthile considerakn.on is given to ways in vknich a{1d￿onal funds may be raised. Prfnclpal rlsks and uncertaintigs Risks Lack of b￿efiCIanes The CharTty would be at risk rf it could not ￿ruIt sufficient ber*fidafies but is currenoy werving sufficient applications per year for places available. Furthern￿re, the thanty exploring Opp￿InitieS wlh wlenlial referral pattrers expanding its ￿. Lack of funding The Charty has undertaken to diversrfy rts sources of frJTrJs. so not to be too reliant upon one fvnder. The ERV ctealed throughout the year and launched m November 2023 wll generate a further fijnding stream. Flnanclal Rgvlow A$ at 30 November 2023 the charity had a deficrt for the year thich anK>unted lo £20.537.30. It is anticipated that the add￿'Onal costs incurred by the Charrty, relating lo the implementation and launch of the ERV will be recouped, as funds are generated over the c￿u￿e of the nexl finanaal year. Financial Risk manag8m8nt The Trustees have assessed the Ma1￿ risks to the Charity is exposed. in part￿J13r those related to the operations and finances of the Charrty. and are satisfied that systems and procedures are ￿ place to milw exposure to the major risks. Plans for tho Futuro Followng the launch of the ERV, the Charity can demonstrate it as an invaluatAe recruitment tool for industry partners, showcasing the measurable outcomes and the socAal value impart il ¢an create. translating this into a sustsinable fvnding stream. It is also intending to devdop the platfom) into an App, makiThJ il more accessible for all users. Building upon the success of the D￿F Wales cournes. the Charity wryll work towards rolling out the programme with DWP England and ScotLgnd. PROJECT RECCE CIO THEYEAR ENDED 3PIIOVEIIBER 2023 The TNth•i ar• reop)n8ibk for ￿parIng the Truthes. reptht and the fjnarKial Statem￿ts in acttyd?rKg awicablo w ¥nd LthI￿d ACC￿rfng sI￿d￿r￿ lithhed Kingthyn Acc￿n￿n9 Pradk•}. Tho law appl￿ble to tharit*s in Er4Jkind & Waks requires the Tnmleeg to w•parv f¥w￿l01$¢alernents lor eadi financlal yew vthKh gNe o Iwe and fairvithv of ts state olaffwrn olthe Charty and ol Ns rewr￿ and appllcauon of . Ob￿￿& the n*thods and ywpl88 ofts Charfts8 SORP IFRS 1021; • rnakeludgme•rt8 ar¥t xcounting esb'mates that are reao(ffi•bl• And • #tate wth¢ther appJkabl8 UKAc£fxJnling Standards IFRS 1021 ha￿ bten folhy*•J, •Wto any matsrfwl depwtu i8¢k)￿o And •xpLqlned In the ffinanci81818ten*nts,' • prepare the finarKial 8tst¢men18 on lh• gx4ng ¢Lw•m bath knwoplat• to pmum• that the Charlty contsnug in builn¢¥8. The TnJslee8 arè fe8Fonslble lor keeptng adequate wMmtlr¥J f•eord8 thai arn to show and explaln tht elwlty• tran#8etbn$ ￿ dS$cb￿ wilh rea80natAe accurdcy at any the TfflarK￿ F￿11(￿ olthe cha￿ and enoble them to ensure that th8 finandal 8tstements cornpty vthh lh• Chwllles Act 2011. Ihts Chwty INxwnl8 R•wi R8gulaUon8 21]08 and Ihe pmws¢c￿s of the fnjst de•d. Th￿ ar¢ alw M8k%￿ible lor safeguarthng Ihe a858ts ofthe Charlty and hence Approv•d by clder of e m•mbers olthe to•rd ofTnJ8t••8 #nd on 1h*trbd￿by Chair of Trustee5 INDEPENDEMT LXAMINER'S REF¥)RT TO THE TRUSTEES OF PROJECT RECCE CIO- CWI FOR THE YEAR ENDED 30° NOVEMBER 2022 I report lo the charity trustees on my eXaMinat￿n of the accounts of the CIO for the year ended November 2023. Rosponsibilities and basis of report As the trustees of the charity you are ￿Sponsible for the weparation of the accounts in ￿¢￿dance wlh the requirements of the Charities Act 2011 rthe 2011 A￿. I report in respect of my examination of the accc*Jnts carried out under sects.on 145 of the 2011 Act and in Carrying out my examinalifm I have followe¢J all the applicable Directions given ty the Charity Commission under section 145(51 Ibl of the Act. Indopendont •xamlnorf8 sta1¢m￿t I have completed my examinatson. I confimi thal no material matters have come to my attenb'on in connecbon with the examination giving me cause to believe that in any material ￿speCt.. accounting records were not kept in respect of the charity as requwed by seclion 130 of the Ad." or. 2. the accounts do not accord wth those records," or I have no concerns and have come across no other matters in connection wilh the examination to vthich attention should be drawn In Ihl8 report in order to enable a proper Understandi￿ of the accounts to be reacw. FFA 139-143 Union Streè( Oldham. Lancashlrg, OL11TE Dats: 5th Soptsmb•r 2024 PROJECTRECCE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD ENDING 30TH NOVEMBER 2023 Unrestricted Restrlcted fvnds lunds Totsl funds 2023 2023 2023 Re¢eipts Donatlons, legacies and grants 146.276 146,276 Interest Income 57 57 Totsl r￿eIpts 146,333 146,333 Payments Wages, national insurance and pension costs 120.155 120.155 Motor and travel expenses 4.(￿7 4.007 Costs of charities activities 42.708 42.708 Totsl payments 166.870 166.870 Net re¢elpts 20.537 20,537 Cash funds lart year end 12.871 12,871 Cash funds thls year end 7,666 STATEMENT OFASSETS AND UABILmE8AS AT 30TH NOVEldBER 2023 1023 2013 23 Cash at baTrk and In hand 29.155 29,155 Tot￿ funds 29.155 29,155 Th? fina￿la1 s18tements ￿re apyov•d ty the Board ofTwslee8 and thrl¥ed lor l$we on *&ptember 2024 and wore Jkjned on tts ty.. F BROAD cbtAIR PROJECT RECCE CIO NOTES TO THEACCOUNTS YEAR ENDED 30TH NOVEMBER 2023 1. Trustsg's remunor4tlon C*Jring the year the Charity paid remuneralion and empknyerf$ pensi￿ costs totsling £0 to a Trustee. 11