OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-01-31-accounts

TRUSTEES ANNUAL REPORT 2024

Who is Eric?

Eric is a koala, he has a mission, to make the world a more accessible place. Ever thought that a wheelchair user shouldn’t be penalised for not having use in their legs by being surrounded by stairs? Or that the autistic child shouldn’t be told they are behind their age-related expectations but being taught in a noisy classroom with 30 kids, LED lighting and busy wall displays? Put simply, Eric is the koala embodiment of the social model of disability.

If societal barriers are removed and replaced for enabling strategies, this world becomes a lot more accessible. People can thrive. Quality of life improves, for everyone. And its not hard to do. But it’s not going to happen with no plan for change.

Eric is your go-to koala that encompasses everything inclusive. Come and see his website. https://ericknows.co.uk

01/02

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

WHO DOES ERIC HELP?

Our beneficiaries are those who have physical and/or learning disabilities, and those who are neurodivergent. This includes (but is not limited to) those who are autistic, have a traumatic brain injury, have ADHD or dyspraxia. We must stress that we provide supportive services to adults, young people and children, and their families.

HOW DO WE HELP PEOPLE?

Eric is an online resource, his website provides accessibility information on venues and places to go. The website is all about being able to find what you need more easily. As an example; if you have 3 neurodivergent children with sensory needs you can find venues who can cater for your needs as a family without judgement and hassle.

The entire website is built by experts by experience. All our staff, are disabled or neurodivergent in some way. They understand our mission and are passionate about creating a more inclusive world.

Ella Bains

Founder Eric Knows Charity

Additionally, every member of our team has had historical and long term difficulties in employment of some nature, either finding or maintaining employment or being in college.

02/08

www.ericknows.org

FEBUARY 12TH 2025

ERIC KNOWS

WHO DOES ERIC HELP?

The children and young people we work with all have SEND (special educational needs and disabilities) of some kind. We work with families to create inclusive environments for play and learning, we have also run support groups covering what it really means to be autistic, discussing matters like stimming, sensory needs, executive dysfunction and emotional regulation. We have in the past run STEM sessions specifically set up for SEND children and their families and created an inclusive and social learning environment where the children and young people can thrive.

WHERE IS ERIC BASED?

Our office is based in the Four Clocks Centre in Bishop Auckland. We aim to develop outreach sessions with children and young people in the Bishop and Spennymoor areas. The website covers the North of England, with growing information in other areas such as the midlands and the south.

WHY?

People who are disabled, or neurodivergent have been marginalised by society, making them more likely to be disadvantaged and overlooked in the job market, more at risk of social isolation and consequently poor mental and physical health. Based on years of working in the NHS, Ella developed Eric on the back of seeing how debilitating an environment that is not accommodating to those with disabilities of any kind can be. She realised that there is a significant gap between something that is there to serve the general public to something that is there to serve those with disabilities. The gap means that people are not seen as equal and serves to place further disadvantage in people’s way, often with more than enough challenges to face already. Eric was developed to close this gap and our team works to do this in a multifaceted way.

03/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

WHO DOES ERIC HELP?

SEND Students who study in school often face barriers that if the environment and teaching styles were adjusted, would experience far less barriers. We aim to provide outreach support and education to SEND students and their families. Traditional healthcare and educational systems often leave people feeling unseen and further disempowered by a lack of understanding and appreciation.

NHS waiting times for assessment for autism and ADHD for instance often exceed 4 years. Educational Healthcare Plans (the only legally binding document which stipulates that educational establishments must accommodate someone’s needs) are extremely hard to obtain. People are often turned down the 1st and 2nd time of applying, it can take years to acquire an EHCP. By which time, pupils and students are significantly behind, unseen and more likely to become disengaged from the educational process. The confidence of a child is directly moulded by their sense of where they fit in the world and their sense of achievement. If a child sees they are different and ‘below educational expectations’ without the support to make their learning environment more accessible, the child will see this as something that only sits in their locus of control, something that they are fault with. Where as nothing could be further from the truth. More needs to be done to support our children and young people with SEND. Figures in County Durham indicate that over 1 in 5 pupils have a SEND of some kind.

www.ericknows.co.uk

04/08

FEBUARY 12TH 2025

ERIC KNOWS

WHO DOES ERIC HELP?

In summary we offer the following:

We primarily run an online resource, the idea of which is; if you have disabilities or needs of any kind, you can find what you need more easily through the website, equally if something is not suitable for your needs, you know this prior to going so you can plan the best trip possible. People who need community support or access to charities or social prescribing can find what they need more easily through the website.

Our website offers vital training opportunities to those who have either struggled at college, FE or in an employment setting. We provide training that allows people to train for AQA certificates, written by us, bespoke to what we do. Some of our students have never even had a job interview. They have been overlooked and placed at the bottom of the pile every single time opportunities were available.

Our training opportunities allow people to see what it is like to be valued in an inclusive workplace and build an idea of the kind of things they would like to do; either in work or part of further study. We are a gateway organisation that helps springboard people’s careers by showing them the benefits of doing meaningful employment and being somewhere where their ideas are valued and embraced.

We are working to restart our community outreach support groups for autistic adults. We are also working to restart our STEM sessions for SEND children, this stopped for a while due to lack of funding.

05/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

HISTORY

Eric Knows was originally created in 2018 after Ella became heavily disillusioned with healthcare systems in the UK. Little did she know, her child, (3 years old at the time) would be diagnosed with autism 2 years after the concept of Eric became a reality. She went on to have 2 more neurodivergent children, each with their own challenges including behavioural and educational needs. Throughout covid Ella laid the foundations for an online resource suitable for everyone to use, with a focus on good quality information for those with disabilities or additional needs.

In 2020 Eric was established as a CIC. In 2021, Ella successfully gained a place on the School of Social Entrepreneurs (SSE), and graduated in 2022. During this time we successfully gained funding from the National Lottery, the People’s Postcode Lottery and Area Action Partnerships (AAPs). At the start of 2023 we secured further funding from the Shackleton Foundation to deliver STEM sessions to SEND children and young people. Over 3 years our team realised that our work more closely aligned with the objectives and social mission of a charity and we started the application process to found a charity in Summer 2023.

06/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

ORGANISATIONS WE WORK WITH

07/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

OUR ACHIEVEMENTS OVER 2024!

We worked tirelessly with our MP to reclaim funds back from the DWP that had gotten lost in the refund system. This delay in funds posed a significant challenge for us transitioning from a CIC to a CIO.

We continued to run STEM club for autistic children (no diagnosis necessary) throughout the first half of 2024.

We began forming a solid data base of funds we can apply for as a CIO, and working with our partners to form a funding pipeline.

We teamed with Learning a New Way and HIYED to create and prepare our accessible work placements.

08/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

ERIC KNOWS STORIES

MEET ALEX

Alex came to us at the start of 2023, she has been with us through our transition into a charity. When I first met Alex, she had not had an interview before, and had no previous employment. She came to us for an interview and when asked what she wanted in life she said ‘I just want to be useful’ . Alex underwent training and became a digital creation officer in a part time position with us. She is now on a level 6 digital marketing apprenticeship with us and Bedford University! Alex describes her experience with us as ‘the best un-birthday ever!’ (she loves Alice in Wonderland).

MEET JOSHUA

Meet Joshua,

I first got told about this job back in January when I got back to college on the 16th of January, when Tracy had came into the college to talk to my teacher Laura, about how many days I would be working.

There are many great listings I have done through my 11 months, they are all based on my favourite places I have visit in the north east of England like museums, zoos, theme parks, aquariums and others places that I may have not done yet on the website.

I would like to say it has been a blast working on listings and going out as a group, to places to take down notes for the website, like the Shildon railway museum about its accessibility, for people with walking difficulties or travel aids.

08/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

STATS OF OUR INVOLVEMENT WITH OUR BENEFICIARIES

8 autistic adults through our autism support group

7 disabled employees/interns/apprentices

8 children through STEM group

197 children through Space day!!! Plus their families and loved ones

6203 Website visitors

Ericknows.co.uk

ERIC KNOWS BELIEVES THAT....

....everyone no matter what their disability or personal needs or circumstances can make a difference by being experts by lived experience. It is not someone’s diagnosis, condition or injury that disables them, it is an environment that does this. When we address the environment to accommodate needs, people thrive. We have demonstrated that by coming together and working with people who share the same ideas and passion as we do that any obstacle can be accomplished, that people can develop new skills, retain employment where others would reject them, we embrace and empower people by not only believing in them but by ensuring they believe in themselves. We have proved that we at Eric Knows can make dreams a reality.

08/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

SPECIAL THANKS TO OUR SUPPORTERS

Our financial supporters

We would like to thank each and every one of our supporters who have provided us grants. This allows us to continue and grow the work we do, and reach more people:

  1. The National Lottery

  2. Bishop and Shildon area action partnership

  3. Heart of England Community Foundation

  4. Iron Mongers

  5. Sir James Knott

  6. Hiyed CIC

Type of governing document(trust deed, royal charter)

Constitution of a charitable incorporated organisation whose only voting members are its charity trustees. We have a constitution.

How is the charity constituted?(e.g unincorporated association, CIO)

We are a charitable incorporated organisation. Charity number 1206621.

Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees

We went from 3 to 4 trustees in the 2024, to bring additional skillsets and experience. We are aiming to recruit another trustee in 2025. In 2025 we will also be undergoing a skills audit and recruiting more trustees to fill any skills gaps.

08/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

Financial Review

Review of the
charity’s
financial
position at the
end of the
period
Para 1.21 £41,540 was carried into 2025, form our
incomings during 2024, most of our incomings
were acquired at the end of 2024 and are
restricted funds assigned to specific projects,
e.g. our accessible work placements. The
£41,540 is for us to develop our training
pathway for disabled people, employing more
beneficiaries and allowing us to complete our
‘proof of concept’ year of accessible work
placements.
Statement
explaining the
policy for
holding
reserves stating
why they are
held
Para 1.22 We are working towards increasing our
reserves, our aim throughout 2025 is to
increase these to between 4 and 6 months of
operational costs.
Explanation of
any
uncertainties
about the
charity
continuing as a
going concern
Para 1.23 No concerns or uncertainties about the charity
continuing.

08/08

www.ericknows.co.uk

FEBUARY 12TH 2025

ERIC KNOWS

There are no funds held as custodian trustees on behalf of others.

Trustee name Dates acted if not for whole year Andrew Dawson From Jan 2024 Drew White From June 2024 Tony Armstrong From November 2024 Rachel Bennet From Jan 2024

Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Andrew Dawson Position (eg Secretary, Chair, etc) Trustee Date 7 May 2025

08/08

www.ericknows.co.uk

Eric Knows

Charity No. 1206621

Trustees' Report and Unaudited Accounts

31 January 2025

Eric Knows Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Eric Knows Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the period ended 31 January 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1206621

Trustees

The following trustees served during the year:

Accountants

Accounting for Good CIC

Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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, and the provisions of the Trust deed. 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.

Signed on behalf of the charity's trustees

A. Dawson

Trustee 7 May 2025

Page 2

Eric Knows Independent Examiners Report

Independent Examiner's Report to the trustees of Eric Knows

I report to the trustees on my examination of the financial statements of Eric Knows for the period ended 31 January 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

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.

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 7 May 2025

Page 3

Eric Knows Statement of Financial Activities

for the period ended 31 January 2025

Notes
Income and endowments
from:
Donations and legacies
2
Charitable activities
3
Other
4
Total
Expenditure on:
Raising funds
5
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds carried forward
Unrestricted
funds
Restricted
funds
Total funds
2025
£
704
64,229
396
65,329
463
16,063
8,157
24,683
-
40,646
-
40,646
40,646
40,646
2025 2025
£ £
704 -
- 64,229
396 -
1,100 64,229
- 463
- 16,063
1,994 6,163
1,994 22,689
- -
(894) 41,540
- -
(894) 41,540
(894) 41,540
(894) 41,540

Page 4

Eric Knows Balance Sheet at 31 January 2025

Charity No. 1206621

Charity No. 1206621
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Restricted income funds
Unrestricted funds
12
General funds
Reserves
12
Total funds
2025
£
565
565
41,615
41,615
(1,534)
40,081
40,646
40,646
40,646
41,540
41,540
(894)
(894)
40,646

Approved by the trustees on 7 May 2025

And signed on their behalf by:

A. Dawson Trustee 7 May 2025

Page 5

Eric Knows Notes to the Accounts

for the period ended 31 January 2025

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 if 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.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Eric Knows Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & Machinery 25% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

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. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

Eric Knows Notes to the Accounts

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

Eric Knows

Notes to the Accounts

2 Income from donations and legacies

2
Income from donations and legacies
Donation Received Unrestricted
£
704
704
Total
2025
£
704
704
Donated goods, facilities and services received
National Lottery Awards for All
Sir James Knott
Bishop & Shildon AAP
The Wesleyan Foundation
County Durham Community Foundation
Ironmongers' Company
3
Income from charitable activities
Charitable Activities
4
Other income
Sales
5
Expenditure on raising funds
Fundraising trading costs
Merchandise
Restricted
£
64,229
64,229
Unrestricted
£
396
396
Total
2025
£
19,990
10,000
10,000
9,881
4,818
9,540
64,229
Total
2025
£
64,229
64,229
Total
2025
£
396
396
Total
2025
£
463
463
Restricted
£
463
463

Page 9

Eric Knows Notes to the Accounts

6 Expenditure on charitable activities

Restricted Total
2025
£ £
Expenditure on charitable
activities
Salaries 16,063 16,063
Governance costs
16,063 16,063
7 Other expenditure
Unrestricted Restricted Total
2025
£ £ £
Employee costs 88 51 139
Premises costs 920 2,848 3,768
Amortisation, depreciation,
impairment, profit/loss on 1 16 17
disposal of fixed assets
General administrative costs 71 145 216
Legal and professional costs 914 3,103 4,017
1,994 6,163 8,157
8 Net income before transfers
2025
This is stated after charging: £
Depreciation of owned fixed assets 17
Independent Examiner's fee 1,030
9 Staff costs
2025
Social security costs 36
Pension costs 15
51
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2025
Number
1
1

Page 10

Eric Knows Notes to the Accounts

10 Tangible fixed assets

10 Tangible fixed assets
Cost or revaluation
Additions
At 31 January 2025
Depreciation and
impairment
Depreciation charge for the
year
At 31 January 2025
Net book values
At 31 January 2025
11 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals
2025
£
21
1,512
Plant &
Machinery
£
582
582
17
17
565
Total
£
582
582
17
17
565
1
1,534

Page 11

Eric Knows Notes to the Accounts

12 Movement in funds

Restricted funds:
Restricted income funds:
The National Lottery Awards
for All
Sir James Knott
The Wesleyan Foundation
Bishop & Shildon AAP
County Durham Community
Foundation
Ironmongers' Company
Total
Unrestricted funds:
General funds
Total funds
Incoming
resources
(including
other
gains/losses
)
£
19,990
10,000
9,881
10,000
4,818
9,540
64,229
1,100
65,329
Resources
expended
£
(19,069)
(1,144)
(1,517)
(959)
-
-
(22,689)
(1,994)
(24,683)
At 31
January
2025
£
921
8,856
8,364
9,041
4,818
9,540
41,540
(894)
40,646

Purposes and restrictions in relation to the funds:

Restricted funds:
The National Lottery Awards Disabled and neurodivergent young people with training and education in
for All a real work setting.
Sir James Knott Disabled and neurodivergent young people with training and education in
a real work setting.
The Wesleyan Foundation Disabled and neurodivergent young people with training and education in
a real work setting.
Bishop & Shildon AAP Disabled and neurodivergent young people with training and education in
a real work setting.
County Durham Community Disabled and neurodivergent young people with training and education in
Foundation a real work setting.
Ironmongers' Company Disabled and neurodivergent young people with training and education in
a real work setting.

Page 12

Eric Knows Notes to the Accounts

13 Analysis of net assets between funds

13 Analysis of net assets between funds
Fixed assets
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt
Unrestricted
funds
£
565
40,081
40,646
Cash flows
£
Total
£
565
40,081
40,646
At 31
January
2025
£
41,615 41,615
41,615
41,615
41,615
41,615

15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025
Land and
buildings
Other
£ £
Operating leases with expiry date:
Pension commitments
2025
£
The pension cost charge to the charity
amounted to: 15

Page 13

Eric Knows Detailed Statement of Financial Activities

for the period ended 31 January 2025

Income and endowments from:
Donations and legacies
Donation Received
Charitable activities
Charitable Activities
Other
Sales
Total income and endowments
Expenditure on:
Costs of other trading activities
Merchandise
Total of expenditure on raising
funds
Charitable activities
Charitable Activities
Total of expenditure on charitable
activities
Employee costs
Employer's NIC
Pension costs
Staff entertainment
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant &
Machinery
Bank charges
Software, IT support and related
costs
Sundry expenses
Unrestricte
d funds
2025
£
704
704
-
-
396
396
1,100
-
-
-
-
-
-
-
-
88
88
920
920
1
23
13
35
Restricted
funds
2025
£
-
-
64,229
64,229
-
-
64,229
463
463
463
16,063
16,063
16,063
36
15
-
51
2,848
2,848
16
-
145
-
Total funds
2025
£
704
704
64,229
64,229
396
396
65,329
463
463
463
16,063
16,063
16,063
36
15
88
139
3,768
3,768
17
23
158
35

Page 14

Eric Knows

Detailed Statement of Financial Activities

Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
72
480
434
-
-
914
1,994
1,994
-
(894)
(894)
-
(894)
-
(894)
161
550
-
2,033
520
3,103
6,163
22,689
-
41,540
41,540
-
41,540
-
41,540
233
1,030
434
2,033
520
4,017
8,157
24,683
-
40,646
40,646
-
40,646
-
40,646

Page 15

Eric Knows

Charity No. 1206621

Trustees' Report and Unaudited Accounts

31 January 2025

Eric Knows Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Eric Knows Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the period ended 31 January 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1206621

Trustees

The following trustees served during the year:

Accountants

Accounting for Good CIC

2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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, and the provisions of the Trust deed. 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.

Signed on behalf of the charity's trustees

T. Armstrong Trustee 7 May 2025

Page 2

Eric Knows Independent Examiners Report

Independent Examiner's Report to the trustees of Eric Knows

I report to the trustees on my examination of the financial statements of Eric Knows for the period ended 31 January 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

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.

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 7 May 2025

Page 3

Eric Knows Statement of Financial Activities

for the period ended 31 January 2025

Notes
Income and endowments
from:
Donations and legacies
2
Charitable activities
3
Other
4
Total
Expenditure on:
Raising funds
5
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds carried forward
Unrestricted
funds
Restricted
funds
Total funds
2025
£
704
64,229
396
65,329
463
16,063
8,157
24,683
-
40,646
-
40,646
40,646
40,646
2025 2025
£ £
704 -
- 64,229
396 -
1,100 64,229
- 463
- 16,063
1,994 6,163
1,994 22,689
- -
(894) 41,540
- -
(894) 41,540
(894) 41,540
(894) 41,540

Page 4

Eric Knows Balance Sheet at 31 January 2025

Charity No. 1206621

Charity No. 1206621
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Restricted income funds
Unrestricted funds
12
General funds
Reserves
12
Total funds
2025
£
565
565
41,615
41,615
(1,534)
40,081
40,646
40,646
40,646
41,540
41,540
(894)
(894)
40,646

Approved by the trustees on 7 May 2025

And signed on their behalf by:

A. Dawson Trustee 7 May 2025

Page 5

Eric Knows Notes to the Accounts

for the period ended 31 January 2025

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 if 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.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Eric Knows Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & Machinery 25% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

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. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

Eric Knows Notes to the Accounts

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

Eric Knows

Notes to the Accounts

2 Income from donations and legacies

2
Income from donations and legacies
Donation Received Unrestricted
£
704
704
Total
2025
£
704
704
Donated goods, facilities and services received
National Lottery Awards for All
Sir James Knott
Bishop & Shildon AAP
The Wesleyan Foundation
County Durham Community Foundation
Ironmongers' Company
3
Income from charitable activities
Charitable Activities
4
Other income
Sales
5
Expenditure on raising funds
Fundraising trading costs
Merchandise
Restricted
£
64,229
64,229
Unrestricted
£
396
396
Total
2025
£
19,990
10,000
10,000
9,881
4,818
9,540
64,229
Total
2025
£
64,229
64,229
Total
2025
£
396
396
Total
2025
£
463
463
Restricted
£
463
463

Page 9

Eric Knows Notes to the Accounts

6 Expenditure on charitable activities

Restricted Total
2025
£ £
Expenditure on charitable
activities
Salaries 16,063 16,063
Governance costs
16,063 16,063
7 Other expenditure
Unrestricted Restricted Total
2025
£ £ £
Employee costs 88 51 139
Premises costs 920 2,848 3,768
Amortisation, depreciation,
impairment, profit/loss on 1 16 17
disposal of fixed assets
General administrative costs 71 145 216
Legal and professional costs 914 3,103 4,017
1,994 6,163 8,157
8 Net income before transfers
2025
This is stated after charging: £
Depreciation of owned fixed assets 17
Independent Examiner's fee 1,030
9 Staff costs
2025
Social security costs 36
Pension costs 15
51
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2025
Number
1
1

Page 10

Eric Knows Notes to the Accounts

10 Tangible fixed assets

10 Tangible fixed assets
Cost or revaluation
Additions
At 31 January 2025
Depreciation and
impairment
Depreciation charge for the
year
At 31 January 2025
Net book values
At 31 January 2025
11 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals
2025
£
21
1,512
Plant &
Machinery
£
582
582
17
17
565
Total
£
582
582
17
17
565
1
1,534

Page 11

Eric Knows Notes to the Accounts

12 Movement in funds

Restricted funds:
Restricted income funds:
The National Lottery Awards
for All
Sir James Knott
The Wesleyan Foundation
Bishop & Shildon AAP
County Durham Community
Foundation
Ironmongers' Company
Total
Unrestricted funds:
General funds
Total funds
Incoming
resources
(including
other
gains/losses
)
£
19,990
10,000
9,881
10,000
4,818
9,540
64,229
1,100
65,329
Resources
expended
£
(19,069)
(1,144)
(1,517)
(959)
-
-
(22,689)
(1,994)
(24,683)
At 31
January
2025
£
921
8,856
8,364
9,041
4,818
9,540
41,540
(894)
40,646

Purposes and restrictions in relation to the funds:

Restricted funds:
The National Lottery Awards Disabled and neurodivergent young people with training and education in
for All a real work setting.
Sir James Knott Disabled and neurodivergent young people with training and education in
a real work setting.
The Wesleyan Foundation Disabled and neurodivergent young people with training and education in
a real work setting.
Bishop & Shildon AAP Disabled and neurodivergent young people with training and education in
a real work setting.
County Durham Community Disabled and neurodivergent young people with training and education in
Foundation a real work setting.
Ironmongers' Company Disabled and neurodivergent young people with training and education in
a real work setting.

Page 12

Eric Knows Notes to the Accounts

13 Analysis of net assets between funds

13 Analysis of net assets between funds
Fixed assets
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt
Unrestricted
funds
£
565
40,081
40,646
Cash flows
£
Total
£
565
40,081
40,646
At 31
January
2025
£
41,615 41,615
41,615
41,615
41,615
41,615

15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025
Land and
buildings
Other
£ £
Operating leases with expiry date:
Pension commitments
2025
£
The pension cost charge to the charity
amounted to: 15

Page 13

Eric Knows Detailed Statement of Financial Activities

for the period ended 31 January 2025

Income and endowments from:
Donations and legacies
Donation Received
Charitable activities
Charitable Activities
Other
Sales
Total income and endowments
Expenditure on:
Costs of other trading activities
Merchandise
Total of expenditure on raising
funds
Charitable activities
Charitable Activities
Total of expenditure on charitable
activities
Employee costs
Employer's NIC
Pension costs
Staff entertainment
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant &
Machinery
Bank charges
Software, IT support and related
costs
Sundry expenses
Unrestricte
d funds
2025
£
704
704
-
-
396
396
1,100
-
-
-
-
-
-
-
-
88
88
920
920
1
23
13
35
Restricted
funds
2025
£
-
-
64,229
64,229
-
-
64,229
463
463
463
16,063
16,063
16,063
36
15
-
51
2,848
2,848
16
-
145
-
Total funds
2025
£
704
704
64,229
64,229
396
396
65,329
463
463
463
16,063
16,063
16,063
36
15
88
139
3,768
3,768
17
23
158
35

Page 14

Eric Knows

Detailed Statement of Financial Activities

Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
72
480
434
-
-
914
1,994
1,994
-
(894)
(894)
-
(894)
-
(894)
161
550
-
2,033
520
3,103
6,163
22,689
-
41,540
41,540
-
41,540
-
41,540
233
1,030
434
2,033
520
4,017
8,157
24,683
-
40,646
40,646
-
40,646
-
40,646

Page 15