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2024-03-31-accounts

Generate Charity No: 1197920

Generate

Charity No. 1197920

Trustee's Report and Unaudited Accounts

31 March 2024

1

Generate Charity No: 1197920

Pages
Trustee's Annual Report
3-6
Independent Examiner's Report
7
Statement of Financial Activities
8
Balance Sheet
9
Notes to the Accounts 10-16
Detailed Statement of Financial Activities
17-20

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Generate Charity No: 1197920

The trustee presents their report with the unaudited financial statements of the charity for the period ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

The charity is registered with the Charity Commission for England and Wales as a Charitable Incorporated Organisation (CIO) with a registration date of 15[th] February 2022.

Charity No. 1197920

Principal Office

Blake House 18 Blake Street, York, YO1 8QG

Trustees

The Trustees have been given dispensation under s38(3) of the Charities Act 2011 from being shown in the register of charities and under 40(4) of The Charities (Accounts and Reports) Regulations 2008, for withholding the names of any person who has been a charity trustee at any time during the financial year in question from the Annual Report.

Accountants

S J Perry Ltd 38 York Road Acomb York YO24 4LZ

Bankers

HSBC 13 Parliament Street York YO1 8XS

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Generate Charity No: 1197920

Charitable Objects

  1. The relief of need amongst persons impacted by gender dysphoria, gender incongruence and any related condition under the umbrella of gender reassignment for the public benefit by:

  2. a. Providing support, services, and training;

  3. b. Providing information and services for people and organisations who support those impacted by the conditions referenced above.

  4. The promotion of equality and diversity for the public benefit by raising public awareness in equality, diversity, and equity with regards to gender identity.

Charitable Activities

Generate seeks to undertake activities and projects that support the mental health and wellbeing of transgender and non-binary people and those exploring their gender identity. We aim to build the resilience and confidence of the trans community, empowering individuals to live happier, more fulfilling, and more stable lives.

Our support activities help alleviate the suffering experienced by transgender individuals caused by direct and indirect discrimination in everyday life and healthcare. We provide safe spaces where transgender people can be themselves and are supported to explore what being trans means for their life.

During the year we secured funds to help reduce loneliness and isolation of this marginalised community. We have run weekly peer support group sessions, workshops, provided 1-2-1 coaching and mentoring and support through messaging, chat apps, and telephone.

As well as direct support of the trans, non-binary, and gender questioning community, we have been working to develop Generate as an organisation, including working strategy, planning, employing our first staff and registering as a CIO. Gaining charitable status has also helped open funding possibilities to us, which saw the start of our parents of trans people support group and a bid to develop and provide a therapeutic support group and other gender exploring activities.

Contribution of volunteers during the year

The charity benefits and is grateful for the ongoing support of its volunteers in various roles including as trustees, supporters and in providing practical assistance in its projects, events and contributing to the life of the community created by the charity’s activities.

Achievements and performance

The trans community is disproportionally more isolated with higher rates of self-harm and suicide than other sections of society. We have continued and grown our support provision over the past year through facilitated peer support sessions, 1-2-1’s and group activity. This support has positively helped ninety-five beneficiaries maintain better mental health, reduce isolation, and provide opportunities to develop meaningful connections.

What one of our members (trans man, age 19) had to say about the support she has received form Generate:

“Generate offered me a safe and controlled environment to be able to talk to trans adults of all ages, discuss hardships, and living life as a trans person, to people who have similar experiences; and can offer moral support, advice, and genuine, non-patronising empathy.”

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Generate Charity No: 1197920

The Trustees and Senior Management Team review and analyse the risks facing the organisation on a regular basis, ensuring that systems are in place to mitigate risks identified. This was last undertaken during November 2023. Charities continue to be under close scrutiny and to ensure our continued transparency we are committed to improving our high standards in line with best practice. To bolster our position, we will continue to deliver our charitable works to the highest standard practicable, seek innovative ways of fundraising, increase publicity, and extend our collaborative working with others, to deliver mutual benefits.'

Generate is involved with work or collaborates with a number of organisations including MESMAC, St John University, York LGBT Forum. Through our staff and volunteers the charity works with NHS England involved with the Patient and Public Voice Partners and the Transgender Network to focus on the bigger picture and longer-term change

Public benefit

Generate carries out its charitable purposes for the public benefit by helping our beneficiaries to maintain better mental health, reduce isolation and provide opportunities to develop meaningful connections. The charity helps to reduce the strain on other public services and to provide a positive community for its beneficiaries. During the financial year Generate supported ninety-five beneficiaries through facilitated peer support sessions, 1-2-1’s and group activity.

The charity’s support activities help alleviate the suffering experienced by transgender individuals caused by direct and indirect discrimination in everyday life and healthcare and by providing safe spaces where transgender people can be themselves and are supported to explore what being trans means for their life.

The charity complies with its duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Financial Review

In 2023-24 Generate had an income of £125,340 against £112,361 in the previous year. Total expenditure for the year amounted to £78,268 compared with £79,105 in the previous year. The net result of the charity for the year is a surplus of £47,072.

We have worked hard over the past year to improve the charity's financial position to help the stability of the organisation. With thanks to a great team of staff and volunteers, as well as thanks to all our supporters.

Reserves policy

At 31st March 2024, the charity held reserves of £80,328 of which £73,984 comprised restricted reserves, which is held to be utilised for the purposes specified in the grant or funding agreement.

It is the policy of the CIO to maintain unrestricted funds, which are free reserves, and ring-fenced programme reserves. Free reserves are held to enable orderly organisational closure, in such an eventuality, providing sufficient funds to cover management, employee redundancy, and orderly wind down of services to reduce a sudden and adverse impact upon service users, as well as the ability to meet all contractual obligations of the CIO, over a period of 3 to 6 months. The free reserves target is therefore expressed as a range.

Unrestricted funds were maintained at or below this level throughout the year. Generate’ s reserves policy continues to apply a risk based approach to its general and ring fenced reserves. This is reviewed, at least annually, and monitored by the Senior Management Team and Trustees.

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Generate Charity No: 1197920

We would like to thank our donors for their generous contributions. We would also like to thank our funders: Benenden Health, LGBT Consortium, Scurrah Wainwright Charity, Seven Friends Foundation, The National Lottery Fund and Two Ridings Community Foundation and York CVS for helping to make our work possible.

Plans for the future

The Trustees are actively promoting Generate with the aim of providing continuing support to gender diverse people in York and North Yorkshire through a range of counselling, welfare, and social support programmes. The Board intends to continue seeking funding to deliver the charity's objects from a range of local donors and funders primarily through voluntary donations and grants.

Structure, Governance and Management

The charity is governed by its constitution and is constituted as a Charitable Incorporated Organisation, registered with the Charity Commission for England and Wales.

Trustee recruitment

Generate will use various approaches to the recruitment of Trustees including through its network and contacts and where appropriate through advertising and the use of recruitment agencies. Appointed at the AGM or at any other time the Charity trustees see need. Trustees are selected through external advertisement, application, and interview process, as needed; appointments are formalised at the AGM.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Details of The Independent Examiner Robert Woolley FCCA CTA

Fellow Member of the Association of Chartered Certified Accountants and Chartered Tax Advisor

This report has been approved by the Trustees

27[th] January 2025

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Generate Charity No: 1197920

Independent Examiner's Report to the trustee of Generate

I report to the trustees on my examination of the financial statements of Generate for the period ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Robert Woolley FCCA CTA

Fellow Member of the Association of Chartered Certified Accountants and Chartered Tax Advisor

Crown House, York Road Shiptonthorpe York East Yorkshire Y043 3PF

This report was signed on 27th January 2025

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Generate Charity No: 1197920

Statement of Financial Activities for the period ended 31 March 2024.

SORP Current
**Year **

Current
**Year **
Current
**Year **
Prior
**Year **
Ref Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2024 2024 2024 2023
£ £ £ £
Income & Endowments from:
Donations & Legacies SO1 - 1,856 1,856 21,115
Charitable Activities SO2 7,650 115,130 122,780 90,902
Other TradingActivities SO3 650 - 650 330
Interest SO4 54 - 54 14
Total income SO7 8,354 116,986 125,340 112,361
Expenditure
RaisingFunds SO8 - 1,559 1,559 1,335
Charitable Activities SO9 2,010 74,699 76,708 77,770
Total expenditure S12 2,010
76,258
78,268 79,105
Net income for theyear S13 6,344
40,728
47,072 33,256
Net movement in funds S20 6,344
40,728
47,072 33,256
Total funds brought forward S21 -
33,256
33,256 -
Total funds carried forward S22 6,344
73,984
80,328 33,256

All activities derive from continuing operations The above statement includes all recognized gains and losses The notes on pages 10 to 20 form an integral part of these accounts

8

Generate

Charity No: 1197920

Balance Sheet as at 31 March 2024

Balance Sheet as at 31 March 2024
2024 2023
SORP Ref £ £
Current Assets
CashatBank 9 81,519 35,712
Creditors: amounts falling due within one
year
11 (1,191) (2,456)
Net Current Assets 12 80,328 33,256
Total Assets less current liabilities 13 80,328 33,256
Total net assets of the charity 80,328 33,256
The funds of the charity
Restrictedfunds 18 73,984 33,256
Unrestrictedfunds 19 6,344 -
Total Funds 21 80,328 33,256

These financial statements have been approved by the trustees 27[th] January 2025

The notes on pages 10 to 20 form an integral part of these accounts

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Generate Charity No: 1197920

Notes to the Accounts

1. Accounting policies Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Unrestricted funds

These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Restricted funds

These are available for use subject to restrictions imposed by the donor or through the terms of an appeal.

Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related expenditure

Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Donations and legacies

Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on donations and gifts

Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.

Donated services and facilities

These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable, and material.

Volunteer help

The value of any volunteer help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

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Generate Charity No: 1197920

Expenditure

Recognition of expenditure

Expenditure on raising funds Expenditure on charitable activities

Expenditure is recognised on an accrual’s basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Expenditure on raising funds

These comprise the costs associated with attracting voluntary income, fundraising costs, and investment management costs.

Expenditure on charitable activities

These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objectives, including the making of grants and governance costs.

Governance Costs

These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other Expenditure

These are support costs not allocated to a particular activity.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

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Generate Charity No: 1197920

2 Income from donations and legacies

Current
Year
Current
Year
Current
Year
Prior
Year
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2024 2024
2024

2023
£ £ £ £
Included in legacies and donations -
1,856
1,856 21,115
Other TradingActivities 650
-

650
330
Total Donatedgoods and services 650
1,856

2,506

21,445

3 Income from Charitable Activities

Current
**Year **

Current
**Year **

Current
**Year **

Prior
**Year **
Unrestricted Restricted **Total ** **Total **
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
IncomefromCharitableActivities 7,650 115,130 122,780 90,902
Total 7,650 115,130 122,780 90,902

4 Income from Investments/Interest

Current
Year
Current Year
Current Year
Prior Year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
Income from Investments/Interest 55
-
55
14
Total 55
-
55
14

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Generate Charity No: 1197920

5 Expenditure on Raising Funds

Current
Year
Current
Year
Current
Year
Prior
year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
Fundraising Costs -
1,559
1,559
1,335
Total -
1,559
1,559
1,335

6 Other Expenditure

Current
Year
Unrestricted

Current
Year
Restricted
Current
Year
**Total **
Prior
Year
**Total **
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
Other Expenditure -
1,596
1,596 95
Employee Costs -
51,624

51,624

61,236
MotorandTravelCosts -
2,258
2,258
502
Premises Costs -
-

-

734
General Administrative Costs 879 6,395 7,274
3,533
LegalandProfessionalCosts 1,131 12,825 13,957
11,670
Total 2,010 74,699
76,709

77,770

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Generate Charity No: 1197920

7 Staff Costs

Current
**Year **

Current
**Year **
Current
Year
Prior
**year **
Unrestricted Restricted Total
**Total **
Funds Funds Funds
Funds
2024 2024 2024
2023
£ £ £
£
Salaries andWages -
48,084

48,084
56,252
SocialSecurity Costs -
69
69
517
PensionCosts -
885
885
923
Temporary Staff -
2,586
2,586
3,544
Total -
51,624
51,624
61,236

8 Governance Costs (included in note 6)

Current
Year
Unrestricted
Funds
2024
£
Current
Year
Restricted
Funds
2024
£
Total
Year
Total
Funds
2024
£
Prior
Year
Total
Funds
2024
£
Independent Examiner -
630
630
600
Insurance 804
-
804
-
804
630
1,434
600

14

Generate Charity No: 1197920

9 Creditors: amounts falling due with one year

Current
**Year **

Prior
**year **
Total **Total **
Funds Funds
2024 2023
£ £
Trade Creditors 158
158
Other Taxes and Social Security 403
1,698
Accruals 630
600
Total 1,191
2,456

10 Movement in funds

Incoming
Expended
2024
£
Resources
Expended
2024
£
Restricted Funds:
Restricted Income Funds: 116,986
76,258
Total 116,986
76,258
Unrestricted Funds:
General Funds: 8,354
2,010
Total Funds 8,354
2,010
125,340
78,267

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Generate Charity No: 1197920

11 Analysis of net assets between funds

Current
Year
Total
Funds
Prior
Year
Total
Funds
£ £
Net CurrentAssets 80,328 33,256
Total 80,328 33,256
12 Reconciliation of Net Debt
Cashand Cash Equivalents
Total
13 Commitments
PensionCommitments
Pensioncost to Charity:

14 Related Parties

There are no related party transactions

15 Going Concern

The trustees have considered the going concern status of the charity and are satisfied that the funds carried forward at the year end are satisfactory and sufficient to meet the charities commitments.

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Generate Charity No: 1197920

Detailed Statement of Financial Activities

for the period ended 31 March 2024

Current
Current
Current
Prior
Year
Year
Year
Year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
Income and Endowments from:
Donations and Legacies -
1,856
1,856
21,115
Charitable Activities 7,650
115,130
122,780
90,902
Investments/Interest 54
-
54
14
Other Income 650
650
330
Total Income and Endowments 8,354
116,986
125,340
112,361
Expenditure on:
Costs of Other TradingActivities -
1,596
1,596
1,335
-
1,596
1,596
1,335
Total Expenditure on RaisingFunds
Advertising -
1,449
1,449
95
Entertaining -
110
110
-
1,559
1,559
95
Employee Costs
Salaries/Wages -
48,084
48,084
56,252
Employers NIC's -
69
69
517
Pension Costs -
885
885
923
TemporaryStaff -
2,586
2,586
3,544
-
51,624
51,624
61,236
Motor and Travel Costs
Travel and Subsistence -
2,258
2,258
502
-
2,258
2,258
502
Premises Costs
Rent -
-
-
734
-
-
-
734

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Generate Charity No: 1197920

General OperatingCosts including
Bank Charges 75
-
75
70
General Insurances 804
-
804
200
Software,IT Support and related costs -
822
822
728
Stationeryand Printing -
-
-
15
Subscriptions -
471
471
328
SundryExpenses -
2,927
2,927
1,269
Telephone,Fax and Broadband -
-
-
923
Utilities -
156
156
-
Volunteer Costs -
2,019
2,019
-
879
6,395
7,274
3,533
Legal and Professional Costs
Independent Examination -
630
630
600
Accountancy 1,131
1,131
2,262
2,446
Other Legal and Professional Costs -
11,065
11,065
8,624
1,131
12,826
13,957
11,670
Total Expenditure on Other Costs 2,010
76,258
78,268
77,770
Total Expenditure 2,010
76,258
78,268
79,105
Net Income 6,344
40,728
47,072
33,256
Net Income before other Gains and Losses 6,344
40,728
47,072
33,256
Net Movement in Funds 6,344
40,728
47,072
33,256
Reconciliation of Funds: 6,344
40,728
47,072
33,256
Total Funds Brought Forward -
33,256
33,256
-
Total Funds Carried Forward 6,344
73,984
80,328
33,256

18

Generate

Charity No: 1197920

Detailed Statement of Financial Activities

for the period ended 31 March 2023

for the period ended 31 March 2023
Unrestricted
Restricted
Total
funds
funds
funds
2023
2023
2023
£
£
£
Income and endowments from:
Donatons and legacies 330
330
-
21,115
21,115
Charitable actvites -
90,902
90,902
Investments 14
-
14
Total income and endowments 344
112,017
112,361
Expenditure on:
Costs of other trading actvites -
1,335
1,335
Total of expenditure on raising funds -
1,335
1,335
Advertsing -
95
95
Employee costs
Salaries/wages -
56,252
56,252
Employer's NIC -
517
517
Pension costs -
923
923
Temporary staf -
3,544
3,544
-
61,236
61,236
Motor and travel costs
Travel and subsistence -
502
502
-
502
502
Premises costs
Rent -
734
734
-
734
734

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Generate Charity No: 1197920

Generate
Charity No: 1197920
General administratve costs
Bank charges 70
-
70
Accountancy 59
2,387
2,446
General insurances 200
-
200
Other Legal and Professional -
8,624
8,624
Sofware, IT support -
728
728
Statonery and printng 15
-
15
Subscriptons -
328
328
Sundry expenses -
1,269
1,269
Telephone, fax and broadband -
923
923
344
14,259
14,603
Governance Costs
Independent examinaton -
600
600
Total of expenditure of other costs 344
77,426
77,770
Total expenditure 344
78,761
79,105
Net income 33,256
33,256
Net income before other gains / (losses) 33,256
33,256
Other Gains -
-
-
Net movement in funds 33,256
33,256
Reconciliaton of funds:
Total funds brought forward -
-
-
Total funds carried forward 33,256
33,256

20