REGISTERED CHARITY NUMBER: 1196731 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 FOR EGG. ENGAGE GROW GO Clarke Nicklin LLP Chartered Accounlanls Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD
EGG. ENGAGE GROW GO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 Page Report of the Trustaes 1 to 3 Independent Examinerfs Report SL*ement of Flnancial Activltlos Balance Sheet Notes to the Flnancial Statements 7 to 11 Detailed Statement of Flnan¢lal Actlvltlos 12
EGG. ENGAGE GROW GO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2024 The trustees present their report wth the financial statements of the charty for the year ended 28 February 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appllcable lo charities preparing their accounts in accordan with the Financial Reporting Standard applKable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019). The last 12 months has been a successful, produclive period of growth for EGG Engage Grow Go. The charity has increased ils staff team 2nd has made a signrficant dIffenCe to many lives of people who have experience of homelessne5S. Over this accounting period the EGG charlty has 5UPPOrted 60 people out of homelessness and 30 of these people in to employment or to start their own businesses. Providin9 ongoing support and guidance lo EGG clients bs paramount to what EGG does. Clients that have been supported in to employment often require support and guidance on ongoing basis. EGG has supported many people lo have financial Independence and a life away from homelessness. EGG has provided financial sUPPOrt to several EGG dients which has been a very successful inlerventson that has appropriately given some of our clients the opportunity lo rebuild their lives. EGG has also moved in to an innovation centre and a dedicated support offw. thls gives the staff team the tools and resources to continue lo build upon the successe5 of EGG and reach out to more people who have experience of homelessness. The charlty plans lo grow the staff team further over the next 12 monlhs with several additional members of staff jolning th8 charty, increasin9 the reach of the organisation and most importantly supporting EGG'S target group of clients out of homelessness and towards independence. Providing people vlth employThenl and business opportunities. OBJECTIVES AND ACTIVITIES Objectives and aims EGG- Engage. Grow, Go is a Manchester and Stockport-based homeless charity, offering support throughout the North West. Our approach is drfferenl lo many other charities. Our approach looks at the long-term solution, helping people off the streets. into their own homes and into work or self-employment. Signlflcant actlvitiès EGG looks to offer a long-lerm solution to homeless people looking to change their lives. Our charity can offer specialist, one-to-one mentor support that aids the client on their jOUTney, helplng them to achieve Ih8ir goals, no maller the hurdles. The EGG process is drfferent for each dient. We can help them to find accommodation, set up bank accounls, help them with making and attending appointments to resolve any health issues and training lo enable them to achieve their career goals as well as encourage them lo rebuild any strained relationships and find hobbies that suit their interests. For each clienL we create a tailored support plan that guides them to reach their specrfic go81s. In addition to Ihe work we do internally at EGG. we work wth other l¢)cal organisalioDS and charities, supplementing their work instead of replicating it. This allows us lo not only support other charities with their work bul to offer a fuller service for our EGG clients. Not all homeless people are ready lo be full-time EGG ¢lients. but we never turn someone away. We will ahmays aim lo refer them to the proper support. Page 1
EGG. ENGAGE GROW GO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2024 OBJECTIVES AND ACTIVITIES Public benefit EGG is commilted and passionate about changing people's lives. The charity Game about when founder realised that many of the organi5alions currendy working th homeless people are only able to offer a short-lerm fix lo the 'symptoms' of homelessness, and there was nothing set in place to tackle the problem on a wder scale. EGG will only work with dients who are dedicated to putting In the hard work required in or(ler for them lo rehabilitate back into society, our tailored approach to mentoring and rehabilitation can only work rf the dient is committedl FINANCIAL REVIEW Reserves policy The Board of Truslegs are responsible for the financial management policies. Annual budgets are prepared and approved al the commencement of each year and actual incoming and outgoing resources are monitored al regular intervals. Most of the charws income continues to be donations only. Funding in the year vrds re1Ved from Charitieg Trust, Just Giving, Simon Charles & Indidual donations. FUTURE PLANS The key aims and objectives for the organisation remain to maximise fundraising activlltes in order to sustain the organisation and lo market products to generate income. In addition, we musl ensure that we continue lo provide cost effective quality services lo our client group. We 11 endeavour lo fnarkei our services to all relevant Sour8. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docurnent The charity is controlled by its governing documenl. a deed of trust and constitutes an unincorporated charity. Rlsk management The trustees have identified the major risks that the ¢harity may be exp05ed to in th8 next financial year and have established strategies to manage those risks. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1196731 Prlnclpal adqlreB8 Stockport Exchange 20 Railway Road Stockport Cheshire SK1 3SW Trustees R Coxon S Rolhwell S Oliver Page 2
EGG. ENGAGE GROW GO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indèpèndent Examiner Clarke Nicklin LLP Chartered knounlanls Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD Approved by order of the board of Iruslees on 19 June 2024 and signed on ils behalf by.. S Oliver- Truslee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EGG. ENGAGE GROW GO Independent examinerfs report to the tru3t¢gs of EGG. Engage Grow Go I report to the charity Iruslees on my examination of the accounts of EGG. Engage Grow Go (the Trust) for the year ended 28 February 2024. R85ponsibilitles and basis of rnport As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wth the requirements of the charib.es Act 2011 (Ihe Acl'l. I report in respect of my examlnatson of the Trust's accounts carried out under SeCtn 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 145(5)Ibl of the Acl. Independent gxaminevs statement I have completed my examination. I confirm that no malerSal matters have come lo my attention in connection wlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records.. or the accounts do not comply wth the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any quirement that the accounts give a true and fair whKh is not a matter consKJered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be ijrawn in this report in order lo enable a proper understanding of the accounts lo be reached. Graham Travis Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD 19 June 2024 Page 4
EGG. ENGAGE GROW GO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 115,272 60,8 EXPENDITURE ON Raising funds 79,115 55,436 Other 10.705 1,781 Total 89.820 57.217 NET INCOME 25,452 3,673 RECONCILIATION OF FUNDS Total funds brought forward 3,673 TOTAL FUNDS CARRIED FORWARD 29,125 3,673 The notes form part of these financial stalements
EGG. ENGAGE GROW GO BALANCE SHEET 28 FEBRUARY 2024 2024 2023 Total funds Unrestricted fund Notes FIXED ASSETS Tangible assets 656 1,312 CURRENT ASSETS Prepayments and accrued income Cash at bank 1.861 2.195 7,177 31.501 9.372 CREDITORS Amounts falling due wthin one year (3,032) (7,011) NET CURRENT ASSETS 28,469 2,361 TOTAL ASSEfs LESS CURRENT LIABILITIES 29.125 3.673 NET ASSETS 29,125 3,673 FUNDS Unrestricled funds 29,125 3,673 TOTAL FUNDS 29,125 3.673 The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2024 and were signed on ils behalf by- S Oliver- Trustee The notes fom) part of these financiai statements Panp. R
EGG. ENGAGE GROW GO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 ACCOUNTING POLICIES Basis of proparing the financial staternenls The financial statements of the charty. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102}'Accounling and Reporting by Charities= Statement of Recommended Pra¢li¢e applicable to charities preparing their accounts in accordanr th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} leffeclive 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th8 Charities Act 2011. The financial statements have been prepared under the historical cost convention. The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.: the requirements of Seclion 7 Statement of Cash Flows., the requirement of paragraph 3.17ldl", the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.481a}liii), 11.48lallivl, 11.48lb} and 11.48(c),' • the requirement of paragraph 33.7. Going concern The trustees have a reasonable expectation that the charlty has adequate re90urces to continue in operational existence for the foreseeable future. The trustees have reached this conclusion giving due consideration lo the projected future performance of the Charity and any potential risk that might impact the chariVs ability to meet rt5 required solvency levels. For this reason, they continue lo adopt the going concern basis in preparfng the financlal statements. Incom0 All income is recognised in the Statement of Financial Activities once the charity has entsllemenl lo the funds. il is probable that the income wll be received and the amount Can be measured reliably. Expanditurè Liabilities are reeognised as expenditure as soon as there is a legal or ¢onstructive obligation commrtting the charity to Ihal expenditure, il is probable that a transfer of econom benefits will be required in settlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accnjals basis and has been classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Tangible fixed assgts Depreciation is provided al the followlng annual rates in order to Nwil8 off each asset over its eslimaled useful lrfe. Computer equipment 330h on cost Taxatlon The charity is exempl from tax on rts charitable aclivilies. Fund accounting Unrestricted funds be used in accordance with the ¢haritable objectives at Ihe discretion of the trustees. Restricted funds can only be used for particular restricted purposes wlthin the objects of the charity- Restn"cts"ons arise when specified by the donor or when funds are raised for partwlar restricted purposes. Page 7 continued...
EGG. ENGAGE GROW GO NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 28 FEBRUARY 2024 ACCOUNTING POLICIES - contlnued Fund accounting Further explanation of the nature and purF)ose of each fund is included in the notes to the financial slatemenls. Penslon costs and other p08t-retlromont beneffts The charity operates a defined Conlribvlion pension scheme. Contributions payable lo the charitys pension scheme are charged to the Statement of Financial Aclivilies in Ihe pefiod lo which they relate. RAISING FUNDS Raising donalions and l•gacies 2024 2023 Support costs 79.115 54.831 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remLsneralion or other benefits for the year ended 28 February 2024 nor for the year ended 28 February 2023. Trustegs. expenses There were no Iruslees, expenses paid for year ended 28 February 2024 nor for the year ended 28 February 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 60.890 EXPENDITURE ON Raising funds 55,436 Other 1.781 Total 57,217 NET INCOME 3.673 TOTAL FUNDS CARRIED FORWARD 3.673 Page 8 continued...
EGG. ENGAGE GROW GO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2024 TANGIBLE FIXED ASSETS Computer equipment OST At 1 March 2023 and 28 February 2024 DEPRECIATION At 1 March 2023 Charge for year 656 656 Al 28 February 2024 1,312 NET BOOK VALUE Al 28 February 2024 656 Al 28 February 2023 1,312 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social securty Other creditors 1,508 1.524 1,167 5,844 3,032 7,011 MOVEMENT IN FUNDS Nel movement in funds At 28.2.24 At 1.3.23 Unrestrlcted funds General fund 3,673 25.452 29.125 TOTAL FUNDS 3,673 25,452 29,125 Net movement in funds, induded in the above are as follows: Incoming resources Resources expended Movement in funds Unr8strict8d funds General fund 115,272 {89,820) 25,452 TOTAL FUNDS 115,272 {89,820) 25,452 Page 9 continued...
EGG. ENGAGE GROW GO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2024 MOVEMENT IN FUNDS . continued Comparatives for movement in funds Net movement in funds At 28.2.23 Unrestricted funds General fund 3,673 3,673 TOTAL FUNDS 3.673 3.673 Comparative net movement in funds. included in the above are a5 follows= Incoming resources R8sources expended Movement in funds Unrestrlcted funds General fund 60,890 157,217) 3,673 TOTAL FUNDS 60.890 (57,217) 3,673 A current year 12 months and prior ygar 12 month5 combined position Is as follows-. Nel movement in funds At 28.2.24 Al 1.3.22 Unrostricted funds General fund 29.125 29.125 TOTAL FUNDS 29,125 29,125 A current year 12 months and prior year 12 months combined nel movement In funds. induded in the above are as follows-. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 176,162 1147,0371 29,125 TOTAL FUNDS 176.162 {147,037) 29,125 Page 10 continued...
EGG. ENGAGE GROW GO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 28 February 2024. Page11
EGG. ENGAGE GROW GO DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and1ggaGioS Donations 115.272 60,890 T¢)tal Incomlng rosources 115.272 60,890 EXPENDrruRE Support costs Management Staff salaries and pellsion costs Rent and rates Insurance Telephone Printing and stationery Advertising and marketing costs General expenses Computer costs Client deposits and rents 63.448 5,125 2.347 118 1,818 8,166 46,800 479 1,203 5,104 1,146 2,858 407 85,514 54,593 Finance Bank charges 1,584 838 Other Computer equipment 656 656 Governance costs Accountancy fees Legal and professional fees 1,200 866 530 2.066 1,130 Total resour¢es expended 89,820 57.217 Net incomè 25,452 3,673 This page does not form part of the statutory financial stslementg Page 12