Charity Registrati(Jn No. 284736 Compary Re8irtration No. 1628566 (England & Wales) APEX CHARITABLE TRUST LIMITED TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31SI MARCH 2023 APEX TRUST FEWOE15 11111 'ACIS59UY* 2011212023 COWANIES HOUSE tY230 LEGAL ANO ADMINSTrATIVE IPIFORMATION Trustees.. Claire Redford-Kerr (Chairl Holly Loudon Jane Taylor-Holmes Emma Louise Waller {Hon Treasurerl Company Secretary: Jane Taylor- Holmes Senior Managernent Team: Kim Hughes- Chief ExecutNe Samantha Watrnore- Finance Manager Charity Number: 284736 Company Number: 1628566 Principal Address and Registered Office: Apex Charitable Trust 13- 15 North Road St Helens. Merseyside WAIO 2TW Independent examiner. Jackson Stephen LLP James House. Stonecross Business ParK Yew Tree Wav Warrington. Cheshi￿. WA3 3JD Banker5: Natwest Plc 817 8rt5tol Road South Northfield Birmingham. B312NQ Solicitors: Lawren￿ Stephens 14-16 Great Portland Street London WIW 8QW CONTENTS Page Trustees Report 4-13 Ststement of Trustee5' Responsibilr¢ies 14 Independent Examiners. Report Ststement ol Financial Activities 16 Balance Sheet 17 Staternent of Cash fkjws 18 Notes to the Accounts 19-30 . IW AW PE% TRW51 APEX CHARrrABLE TRusf LIMITED TRUSTEES. REPORT FOR THE YEAR ENDING 31st MARCII 2023 The Trustees present their report and accounts forthe year ended 31st March 2023. STRUrnIR GOVERNAPKE ANO MANA(%MENT Governln D￿ment The organisation is a charltable c¢)mpanylimited by guarantee incorporated on 13th April 1982 and registered as a charity on 7th June 1982. The c£¥))pany was established under Memorandum of Association. which established the objeets and powers of the tharttable companyand 1$ governed under its Articles of Association. In the event of the company being wound up members are reqvired to contrlbute an amount not exceedin8 £1. A full review of the Memorandum and Artitlesof Association was undertaken durin8 2017 and 2018. The re￿eW ensured thatthe charitable obietts tontinued to refiect the workof the charity and l)est practice in the sertor. Charity Registration Number- 284TJ6 Company Registration Number - 1628566 ani5ational Slructure The Trust currently has a Board of Trusteesof four members, who meet on averagefour times per year or more rf needed. The Board is responsible forthe strategicdirection,the policies of the charity and for rewewng its finanual affaits.The Board has members from Variety of professional backgrounds relevant tothe workof the charity. Trustees: aaire Redford-Kerr Ichairl Holly Loudon Jane Taylor-Holmes Emma Louise Waller IHon TreaSU￿rI All Trustees are also Directors. None of the Trustees h35 any bÈnefKial interest in the company. Oay-tQ-day responslbility for the manaBernent of the charity rests with the Chief Executive and Finante Manager. The Chief Executive is responsible for ensurin8 that the charity delivers the service$ specified and that key performance indicators are met. The Finance Manager is responsible for ensuring finanoal and admini5trati¥e 5VStems. standards and pr3rtices meet operational and leeal requiremen Staff pay and remuneration is madè on the basts of an aereed staff structure and pay Scale developed and benchmarked against sirnilar not for profit and voluntary sector or8anisations. Recruttment and olntment of Thè direttors of the ttynpany are also charity tft￿tees forthe purposesof charity law and under the compary's Article5 are known a5 member5 of the Board ofTru5tees. Llnderthe Articles of Association. members of the current 8oard of Tnjstees have determined. as per the process established in the Articles of Association, whether each member is to seThe an initial term of office forthree ortwo years. from the date of the new Articles of Association. New members are elerted to serve for a three-ye3r term, all members are eligi￿e for re- election subject to a maximum of threetern￿. Trustee5 are recnjited through a nvmberof methods. When a vacancy on the Board of Trustees is identified. Trustees can invitè other indr¥iduals to become members of the Board or an advertisement can be pjaced on the tharrtywebsite and through the lo¢al pTrss to encoura8e applications. The quorum of Trustees atgeneral meetings cannot be lessthan three Trustees present in person or by proxv. Trustee Inducllon andTralnO All Trustees are familiar wth the prartical wowk of the charity. having been indurted by the Ch¢ef ExecutNe and provided with regular written and verbal reports on current and ￿anned work. An indurtion pack is also available drawing information from the rdr*)us Charity Commission publications signposted through the Commission's guide-the E55ential Trustee- as a follow- up to these sessions. This is distributed to all newTwstees alone with the Memorandum and Articles and the latest financial statements. Feedback from new TnJstees about their induction is Very positive. The pack also contains infomath?n on.. The obligations of Board member5 induding the Code of Condutt and dedaration of interesys fomi. The main documents which set out the operational framework for the charity including the Memorandum and Artides Resources and the current financial p)Sition as stt out in the latest published accounts Future plans and obiertNes Additionally. all Trustees are encouraged to Visttthe chaiityto familiarizethemselvè5 With the charity and Ihe context within which it operatès. Trustees are asked to complete a sknlls audit whith can help identrfy any additional training needs and support the review of 5knI15 required when tonydering the appointment of future Trustees. The￿ is also an annual review of Board effectNeness whTrch all Trustees are asked to contribute tv. Followingthe review. an improvement pian 15 de¥ekJped and re8ularlv reviewed. Rlsk M emert The Board of Trustees has a Risk Management Framework. The Purpose ofthe Framework is to ensure that the charity criticaltyexarnines, andeffectiwetymanage5. all ri5k5to people. stwctures. reputation and any other issues. which could impact upon or compromise the ability of Apex to carry out its strategic aims and normal artivitie5. The management of risk is an integral COrnPDnent of Ape￿5 corwjrate agenda. The Frame4¥0rk clearly idefttifie5 the responsibilit￿$ of all staff and the Board of Trustees in the effe￿1Ve management of risk. A risk register has been develo￿ and rrsks are prioritised and graded against the grading framework contained in the Risk Management Framework. All risks are retorded on the Apex Risk Register which is monitored on a bi-annual b35is by the Board of Tru51ees. Should any high or extreme risks betome evident in between Board of Trustee meetings. the CIMef Executive will inform the Board of Twstees and agreement as to action to be taken in miti8ation will be agreed by the majority of Try￿ee5 by email or other elertronic method. The Board d Trustee5 15 satisf￿d that all major risks have b￿n identified ar￿ that systems and actions are in ￿ace to mitieate ihose ri5k5. Related Partles. There are no related parties guidingthe work ofthe Tryst. The charity doe5 not have ary subsidiary undertakings. During the year under review Chief Executb¥e. Kwn Hughe5 managed theTru5t. OBJECTIVES ANDAcnvJnES The charitable objertive5 as ameTrJed by special re501ution on 18 Jufy 2018 are= Al The advancement of education. training and sUp￿rt to Offenders or those at risk of Offending Isuch tem) being defined in $2 herein) and the •Jvancement of wblic education in all natter5 relating to Offender5 and ex4)ffenders. Bl The relief of poverry of Offenders orthose at risk of Offending and the spJu5es, children and dependents of such persons who are in need. The definition of offender 15 as follow5.. "offender or those at risk of offendin¢ me3n5 any person who ha5 committed or is accused or su5perted of having committed any offence under the law and who 15 to be or has been subjected to any legal or administrative process in respect of such offence whether suth prixe5s be before a courr QT other tribunal and whether it be punitive. remedial. conditional discharge or otherwise. This definiknon also inchjdes those at risk of offending or being a victim of an offence. The Charity ha5 4 ¥i5iOR: Ourvision is olo ploce where oll indiwdugls hobE on opmrtunity to (um theirlive5 oroun4 to improvesocietyondstrengthen communityes. To achieve this. the tharity will: Offtr odvice & guidonce fvr ffople whose qrtions or I￿0vI￿5 hfjve to negQtive conseouencesfor themselves 0nd0the￿ enobling themto makeposltfvechoicesondttsm their Iwes oroundond to leodhappy.Auffjllin9 live& The c(Ye value5 of the charity have been identified a5: EMPOWEAIIIG We use all of our resource5 to help supwrt Individua￿ grow stronger and more confident to make p051tive changes in their INes and the wider community EXCELLENCE Everything Apex ueate5 and delivers is of a stsndard that weftel proud of INTEGIIITV Meanin8 that how we bnterart wlth Ot￿1* colleagues. partner5, funders. dients and volunteers is authentic and real to whom we are as an oreanisation. DYNAMIC That we give pwple a p)Siti¥e experience by being creative. bringing a positive attitude and constanity look for new Ideas and ways of W￿rkIng RING We create and nurtu￿ relationships that ha¥e reS￿l at the core and usin8 this to inspire and change withln indiwduals. The charitvs principal activities a￿ to.. Help people with a eriminal record to obiain employment. trainin& Education IETEI orvoluntary work by pro¥idinzthem with thÈ skilL% they need to attess the labour market and by wryking to break down the barriers to their ernployment. Provide advice and support for indpiiduals with a criminal record. 8uiding them on the positive disclosure of their eonvictK)nlsl, support in achieving their goals in lation to theirton¥ittion and help them to achieve empJoymenL A mixture of grants eamed through donaiions from tharitable trusts. foundations and others fund5 these actNities. ThÈ main objethves and activities for the year continued to f¢xus upon the strategie5 employed to a5Si5t the charity to meet these objectives. ICR TRUSTE-S Through Trustee recruitment. Increase immrd members by 50% Deliver our advice & guidance services to the highest standard. Volunteers within Plan Bee Community Coffee Shop evidence positive steps to Improve employability Reduce i501ation, improve mental health and social inclusivity for all within our social groups Ib)knmatlon A(Mce & Guldance o¥lslon Our advice and guidance deliveryare at the heart of what the charityoffer5to all who a¢¢ess our proietts. Beneficiaries received l-l support from the proffects Infomiation, Advice & Guidartce IIAGI Officer. supporting them in breaking down the barrie￿ they face and find opportunitie5 for them to acce5S trnployrntnL trainin& edutation IETEI & voluntary work and provide disclosure of convirtionlsl advice and support when searchinB for opportunf(ie5. W• H(rn A99in 8••n Aworfdod matrix. Womerfs Hub omen Centered a The Hub offers a safe space for local women to particrpate in z variety of timetabled artivities which improves life skills. confidence, reduce isolation and enable womèn to tonnert betterwithin the t￿￿munrty. The women meet everywednesday moming bringing their own skills to the group and sharing with the others. We also have guest speakers le.e women's health) and extemal wellbeing delivery. including reiki, zrts and crafts, mindhjlness activities. The hub is around women supporting women who hawe experienced similar barriers. A high Fercentage of the women who attend the hub on a regular basis have experienced or a￿ dealing ￿th low to h￿h le¥el mentsl health. Their feedback isthat by having the tonsistenry of the hub gives them something to look forward to eath week so they eaft'switch off for a couple of hours from their everyday problems. . J li'.q Clearchokes-st trtel aear Choices is a project which deliversadvi￿ & guidance provision to local15t Helens) Prolific & Priority Integrated Offender Management IIOMI. The EOM brin85 together agencies to manage a selected and localty defined cohort of offender5 who are in the eommunity, regardless ofwhether they are under Statsj￿ry supe￿[sI0n or not. It aims to reduce crime by enhanung and extending the reach of currènt offender managementlinier¥ention frameworks. C￿nCil Apex Trust continue to be part ofthe multi-agency team ft>r the Int￿rated Offender Mana8er cohort and will link in with the Merseyside Police & Crime Commission and Community Safety Partnership to raise our wofile and our links within the community. Congratulation5 Diane- Diane who is our Senior Advice and Guidanceofficer here at Apex Charitable Trust. she recwved a Commendation Award ￿ Merseyside Police for her life changing work to othefs. The cr(ation on the award states.. -For displaying professionalism, commitment and care in working with those on license to help them make positive choites and achieve personal goals with the ovÈrall ￿siOn to their Itves around and in doing so strengthen comrnunities.- Well Done. Dianel Plan Bee Comffju Plan Bee is • ful￿ trading ￿ff*e shop wthin the heart of the tommuntty of St Helens. Merseyside. Plan Bee is a training coffee shop which recrvitsth05e at risk of offending & ex- offendèrs to train & volunteer which launched in January 2020. We provide accredited training in hospitality, customer Servi￿ and fwd and drink preparation, impmwng skills, work exptriÈnce and employ3biltty. Training is part of a 5-Step sKogramme induding perx)nal and social developmertt. Thè training held in our community coffee shop brings Feople to£ether, providing a welwming and safe space for the community to meet and grow. Our Plan Be? projert help5 reduce social isolation and thangethe lives of ex4)ffenders. their famil￿$, and the local cornmunity. Short term impact includes.. Gaining qualification% deVe￿pIng work experien￿, incfeasing confidence. reduting isolation. impmwne po￿tIVe rektion5hip5 and support networks. Long tèrm IM￿¢t includes: Secure paid employrnent, financial security, improved mèntal health. increase resilience and independence. Apex Trust Plan Bee l The Hivè IJ- Isllvrth Road Td.."DIT44 61285• Youn at Heart Our Young at Heart group launched in January 2022, for indiwduals age 60+ who are experiencing lonelinesslisolation. no farn1￿ support, care for their partneror have health issues ett. The group meet once a week in ourcommunity Space and take part in arts and crafts, dominos, quiys, trips out and bozrd games. The key to this group is that they come together to chat. laugh. reminisce, and support each other. The group is well attended and evÈryone says how much they look forward to theirweekty meet ups. Safe uwrdln Vulnerable Beneficiaries The tharity has a Safeeuarding Vulnerable Benefitiaries Policy which detailsthe processes in place to ensure that the beneficiaries seNed by the Charity art appropriately protecte(l. io ANANCIAL REVIEW Over the years we have established excellent relation5hip5 with grant making bodies and have delivered consistefttly highqualtty semces. Our unrestricted donations and grant income have amounted to £51,050 tompared with £54.9J6 in 2V22. However additional unrestricted income of £337 gave an unrestricted funds total of £51,387. slightly less than in 202V22. General Reseryes have decreased frcrfn £104,546 to £54,774. We are ¥eryfortunate to have a number of Tnjsts and grant making bodies that have remained supporrive and loyal to the very 5petial workthat we undèrtakè duringthe5e thalltnging economic times. We have been fortunate to have access to the Governments rick￿art and ILM scheme. where we employed 6 staff for a 6 month ptriod, providing them with skills and experience in a variety of a￿a$ within the charity including administrat￿Tr worl social medw and fronl olhouse within Plan Bee. Dye to start in Apfil 2023 15 a 3-year grant from National Lottery- Reathin8 Comrnunitie5, which allows us to continue delNery of all our seN1￿$ to our ¢l*nt group and for our Community Plan Bee Plzn Bet has been operational since january 2020 and has proved to be a sound financial investment both for Apex and the local community. Income had increased from £40.797 in 2021n2 to £48O83 In 20Z2123. It Is undoubte(lty providing an effectNe source of revenve for organisation and a ¥aluable c(￿MUn￿ hub for trainin8 and education purposes. Fundsa¥*la The present level of funding is adequate despite the reduction in project fvndl￿g due to Covid restrirtions. stsff and Tru5teè5 have been able to adapt and change planned lèvÈls aetrvity to support the community and our ongoing funding applitations are proving sutcesslul despite these unpredictable times. There a￿ robust plans in place to support continual dèveloFThent and increased activity based on ourcharrtable objectives. The Trustees woultl like to thank all the staff that have made thi5 such a 5UCtessful year and ensured a viable future deliverin8 such worthwhile services. In¥estm•nt Poll Aside from a policy of retaining a prudent amount in reser¥e5 eath year. most of the charitls funds are spent in the shorttern7 sothere are no fvnds currently for lon8-temi Investmenl. li Reserves Pol The 8oard of Trustees has examined the charl￿$ requtrements for reserves in light of the main risks to the organisation. It Continues to be the Board's policyto aim for reserves equal to the value of a minimum of six months of unrestricted costs to minimise the risks of not being able to sustain support for our off￿e in St Helens and otherfront-line staff. Beyond that level, anysurpluseswill be invested in the de¥eloprnent of the objectives, e55ential research znd actwities designed to ensure that the criminal justice system takes account of the real problem5 in our souety- The free re5èrvts held at the year-tnd were £54.774. uali Im rovement In¢reasin8 the development and training of our paid staff and volunteers involved in the public delivery of our services through our in-house aCtiV￿¢le$ and externally accredited vocational trainin8. Increasingthe opportunitie5 for people to volynteer and 5UPPQrt the work of theTmst. PUOLIC BENEFIT The ongoing challenging wblic. priwate and charitable funding environments drive us Sn our effortsto strengthen our service delivery structures. We have tontinued to move awayfrom a centralised operational mana8ementstrurture toward55tronger local management system. This process will continue in the comin8 year. How ouroctivities delNerpublic benefft Dirertor5 of a chzrity have a duty to re￿rt in theirAnnual Report on their charrfs publlc benefit. The Directors of Apex Charrtable Trust limited have ¢￿sIdered the requirements which are explained on the Charity Commissionwebsite. The sedions of this report above set5 Out the Trusvs objÈttivÈs and reports on the activtty and successes in ihe year to 31 March 2023 as well as explaining the plans for the current financial year. The TrvsV5 work benefft5 ex-offenders. voluntsry sector orgat)Isations and employer5. We work wrf¢h others in our field to ensuré that provision. statute and regulation5 are relevant and ￿flert current wncerns. Following sentencing in the criminal courts job-seeking ex-offender and prisoners who h￿e C(￿pleted their detention fa di5trimination within the employment market fr￿ prospettive emplwers. The Trust provide5 5petialist support seNtss for many of these individuals that assist them in securing appropriate efflployfflent. training and education as part of their rehabilitation into their communities as active citizens which reduces their likelihood of re-offending and dependènce on the public purse. 12 The C*rectors have considered this matter and concluded.. l. That the aims of the orrdnisatim continue to be charitable.. 2. That the aims and the work done w¥e identifiable benefits to the charitablt settor and both indirertly and directly to individuals in need- 3. Working in conjunrtion with IcKal councils and social sttvices wovTrdes an essential service for women and their families. which mighi not otherwise m 4. That the benefits are for SoC￿ty at large. are not ￿n￿asonablY restricied in any way and certain￿1 not by abilityto pay and 5. Thatthe￿ is rKJ detriment w harm arising frtyn the aims or *tMties. ASSEfcovER FOR FUNDS Note 16 Sets out an anafysisofthe assets attributsble to the varnus funds and a description of the trusts. nal comments The recovery from the pandemic continued thfOU8h thisyear reflerting some change5 in our delivery of services and the creation of groups that needed support and found the hub of Apex Trust to be a safe place. Some of our funding applications reflected this additional support along with our core obRttNes. The p05t pandemic era highlighted intreased mental health issues in our communitie5 and these were refiected in our participants. Creating new ways of engagement alongside Plan Bee shthved a mutual increase in participants and w5tomer5 in artNitiesand services. Investment from a variety of funders provided us the opportunity to addre55 emerging need5. Again in this year, our Staff. volunteer and Board worked together io add￿sS the challenges in thi5 emerging new wodd. Thankyou to all members of the Board of Trustees for their suppory for their careful ¢onsidtration and attention to detsil in shaping the future of our sèrvites at Apex. On behalf of the Board of Trustees gned . Mr5. Claire Aedford-Kerr- Oirector, Tnjstee (Chairl 13 APEX CHARITABLE TRUST LIMITED STATEMENT OF TRUSTEES RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees, who are also the directrys of Charit￿@ Trust Lwnited for th8 wrpose of ojmpany law, are responsible for p￿paring the Tnjstees Rewt an<1 the finanoal ststements in a¢￿T￿anCe wlh appli¢*le law and United 1fj"ngdomA¢￿unts.ng Standards (Unrted KJ"ngdom G￿8[a￿A¢cepl¢0A￿Qunting Practice). Company Low r•quires th• Trustees to prepare financyal statements for eath finanLaal year %thi¢h we a tnje and fair view of the state of affair5 of the Tw5tees and of ￿ incoming resources arHI aWicats"on of ￿SOurCes, induding the income experKlilure. of the dwitabje ￿npanytr thet s￿. In yewing thesè financaal ststwnwts, the Tn￿te0$ arg requiod lo: ." sdo¢t suitsble oxounling pdioe5 then appty them Cc￿lStentty.' . obseNe the methcrfls and pr¥ioF4•s tn th• Chorities SORP.. . rnake judgements and esb"mates that are reasMotAe wudent.. . state ￿thether applicaNe UK Accounting Slandards hwe b8en fdbxed. subjecl to any material departL*es ¢JsrJosed and e￿a￿ed in the finan￿￿ s&*emerrts.' aTrJ - wepare ￿ finanoal stalemefts on the gc4ng t￿ceM btss unless it is inappropriate to presume that the Tru*ees will continue in 0parati￿. The Trustees are resp￿S￿l 48 for keepin9 adequale aCU￿nting that di￿￿￿ wrth reasonable ¥C￿rarY at any time the finanual position of th8 Trnstees and enat4e them to ensure th* financjal slatemwls comply the Companie3 Act 2006. They are also res￿(￿S1￿e for saf8guarding th8 assets of the Trust￿$ ar￿ hon￿ for ta￿"ng reasonable steps for the prevention and detection offraud and other irregularitres. This report has been Wep￿ in attordan￿ the specaal prwsion relating to smo11 cthnpanies wittrmn part 15 of the Companies Act 2006. 14- APEX CHARITABLE TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF APEX CHARITABLE TRUST LIMITED I report to the Trustees on my ex8mrnatiNr ol finatXi81 statements of Apex Charit￿e Tnxt Limited (the TNsteesl forthe year 31 2023. This rewt 1$ m•le solely to the Chari￿s t￿St￿ as a boty. in accordance ￿ryth Section 145 of the Charibes Act 2011. My ex￿ination has been undertaken so that I migm stsle to the charilys trustees those matters l am required to stsle to them in an Independent Examinerfs report and fLY no othgr wryjose. To the full*t extent pemiitted by law, i do not a¢¢ept or assume responsthjilty lo anyone other than the chan'ty and the chartys tnjslees as a body. for my examinalim, forthis repDr( ty forthe cvin￿$ I have frymed. R•sponslbllltlos and ba$ls of woport As the Trustees ol the Trusl land also its diTectOTS fcy the pU￿)seS of eompany lawl you are responsiblg for th8 prepafalion of the financh4 sL3tements in accordm 7Mth Ihe requirements of thB Companies Act 20[6 {Ihe 20L Haying satisfied myseff that the financi* S&￿er1￿ ofts Tntstees we nDt required to be audit&J under Part 16 of the 20C6 Act and are eligible for tndependent ewllwlion. I rewrt ¥1 rtsped of my exarnination of the Trustees's financial statements earried out under sects¢n 145 of Ihe Ch*rb"es Ad 2011 (the 2011 Act). In ¢arrying out my examinakn.on I have followed 811 the applicable Directi￿S gtven by Charity Commission under section 14515llb ofthe 2011 Ad. Indep¢nd•nt ¢x•mlnefs st•l•m•nt I have CCffiF4eted my e¥amination. l thèt rn matters hèN* txme to my attenlicm ￿ connection *fjth the exarninalion giving me ¢au5e to t4ieve Ihat in any malenal respecl". accounting re¢ord$ were not kept in respeci of Tntstees 0$ required by se¢11￿ 386 of the 20C6 Act.. OT the finaroal statements thi not accord with Ihose recorils,. or th? ffinan¢i81 $latwnenls do not comtyy vnth the accounb.ng requirements of secliM 396 of the 2006 Act other than any ￿quirement tIBt the Xc￿jnts give a In￿ and lar view is not a matter considergj as part of 8n independent examinathy).. or the financial statements have not been wepaTed ￿ ac¢ordènee 7•Mh Ihe methods and pmtsples of the Stslement of Rec¢mmendeL1 Prathc* ts 8ccwntMig ar￿ repoth"rvJ by chan￿5 3PF4ÈcaLle to thanties preparing Iheir 8ccounts tmih Ihe Finan04 Re&￿bn9 StsnJar(l aHYicatle n the UK a)d RepublK of Ireland IFRS 1021. I have no concems and have ¢tyne across no other matters in ¢onneclion wlh the examination to which attention should be dravm in this report in order to enat4e a proper U￿Yers18ndlnY of the finarnal statements to be ffjached. c. Jackson St•ph•n LLP ChrfstopheT Moss BS¢ F.C.A Jarnes Hou stonecross Bugness Park Yew T￿ Way Warrington Chtrshiro 33JO Dated.. Deol&.2021.. 15- APEX CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Total Unrestricted Re5trict•d funds funds 2022 2022 Total funds 2023 funds 2023 2023 2022 Income and èn Donations and leg3ue8 Charitable actiwtss Other tr¥di activ￿.￿$ Investments Other income 2,167 2.107 151.621 13.709 13.709 108.529 151.821 108,529 48.883 337 48.883 337 2.375 40,797 16 40.797 18 2.375 Total Incom• 51.387 153.996 205.383 54.522 108.529 163,051 Chants￿9 a&"vities 95,917 152.301 248.218 4.995 192.222 197,217 N•1 loutgolngv1n￿mln9 r•sourc•s b•fo transf•rs 144.530) 1.695 {42.835) 49.527 183,6931 134.1661 Gross transfer5 betr￿en funds 15,2421 5.242 Net {expendltureVlncome forthe yearf N•t mov•m•nt In fvnds {49.7721 6.937 (42.8351 49,527 (83.693) 134,1861 Fund balances at 1 Apn'l 2022 104.546 10.785 115.331 55.019 94.478 149.497 Fund balanceg at 31 March 2Q23 54,774 17,722 72.4 104.546 10,785 115,331" The ststement offinanaal aL*¥itses indudes al g￿nS losses reccwised in the yw. JI irKome and expenditwe dwive frryn contin￿n9 adi¥￿e& The slalement of finantrd a¢b"vib"e5 also comF4ie5 Tmth the requrwnents for an In￿Me and 8xppfMJiture a¢¢ount under thg Compar¥esAct 2￿fj. 16- APEX CHARITABLE TRUST LIMITED BALANCE SHEET ASAT31 MARCH 2023 20T2 Flxed assets Tangible assets 12 1,937 Cunenl as¥•ts Oebtors Cash 8t Pjank 8nd In h 13 20.398 56.390 14.428 105.655 76.788 120.083 Crnditorn: amounts falling du• wlthln on• year 14 (4.292} (6.6891 Net ￿￿ent assets r2.4 113.394 Totsl a$s•ts I•ss curv•nt IlabllhO•s n.496 115.331 Incom• funds Restn"cted lunds Unr8stricted furKIs 16 17.722 54.774 10,785 104.546 72.496 115,331 The company is entitled IL) th8 exemption frcrfn tha autht ￿U￿anent conlainod in sedion 477 of th• CompaniesAcl 2006. for the year ended 31 2023. The ithreciors ackn*￿￿￿edge their respwybrfibes tr comFtyNig the requirements of the Cwpanies Act 200e with respect to accounting records arKI the preparation offtrwo.al statements. The members have not requyed Ihe oJnpar)y to olthn w #utht c* its SL7tem￿jts ftytho Y￿ in question in a¢¢ordance wth section 476. These ffinancial statements have been prepared in ￿0rd￿ *ith the prows1￿￿ applicable to comwmes wbject to the smo11 companies regwne. The financA8151atements approved by the Trustees M 14 December 2￿23 Claire Reilfor(kK8rr Trustee Ernma L￿￿lSe Wllgr Trustee Company r•glslAtlon number 1628566 17- APEX CHARITABLE TRUST LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows fmm op•ratlng actmoas Cath absorted by oFerations (49.6021 (27.2281 Investing activltres In¥eslmenl incJ)me recwved 337 16 N•t cash g•n•ratsd fmm Inv•sllng actl¥ltl•s 337 16 N•t cash used In finan¢lng a¢ll¥l N•t d•crease In cash and cash equlval•nts 149,2651 (27.212) Cash and cash eqUNalonts al tJeginThng of year 105.655 132.867 Cash and cash •qulval•nts at •nd of y•ar 56.3 105,855 18- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢￿untIng pollcies Charlty Inforniatlo Apex Chantable T￿t Limited is a private ¢ompary limited by guarantee incorporated in Eng&nd and The registered offKe is 13- 15 North Road, St Hekns. M&sey*de. V&I10 2TW. 1.1 Accovntlng conventlon The finanual statements have been prep8red in o¢wdartc• tr* CompaThes Ad 2006, FRS 102 Finan081 Reporting Stw¢Jard apphcable in the UK and Republic rA Irelan￿ I"FRS 102.1 and the Charities SORP 'ACc￿thng and Rep)rt]"ng by Charites.. Stsiemerrt of Reccffimended Pracb"ce applicable lo chaiities preparing their ¥czryJnls in ac¢ordance with tr* FIn￿Gla1 ReFth'ng Standard applicable in the UK and Reput4ic of Irel￿d {FRS 1021" (effective 1 January 20191. The Trustoes 1$ a Public Benefit Entity as def**d by FRS 102. The finandal statements are prepared in sterh"ng. which is the fvrt¢l￿na1 ol Its Trustees. Monetary arnounls in these finw¢Kal statem&rts are rOU￿e￿ lo the ne¥est £. The finanoal statements have wep¥e¢l undw hist￿1¢81 o)st convent*￿. The wnopal acuuntlng polio¢s adopted are set out ￿lOW. 1.2 Golng concern Al the lime of approving the financ￿ statefflents, the TW$1￿ have a reaswable expe(tsti￿ that Ihe trust has adequate resources to ¢onb"nue in operational e*sten¢e the foreseeable fLrture. Thus the TrLtstaes continue lo adwl the ty)ng ￿nCern ba&$ of a¢¢wnb"ng in weparing the fin￿(781 statemwts. 1.3 Charltable funds Ur￿estnCted l￿d$ are at the of the Trustee$ in fvrtherance of Ihw charitable objectives. Restricted funds are subjecl to sperific conditscms by donor5 as to hcw they may bè used. The purposes and uses ofthe restn'ded funds are set in the note5 to the ffir￿￿al Statem￿tt6. 1.4 Income Income is recognised and induded state￿ of Fironoal Adi¥it*s ISOFAI ￿ the d)wty bewne8 entitleil to the In￿me,. receipt is ￿tle. aThJ the value Lzn bE measured with sUffic￿nI reliability. Ipthere irKL•Me hos ￿lated ewditure {e.g empkryment wogramm8s), the incc*n8 relate(1 gxpendrture are rèFthled gross in the SOF Bank inlprest is reoJgnised ¥then crediéed kn th8 axoLrt Income, is sufy'ed to condth'tyts Ilwt the has yet to fuhll. or 7htiich is speafically for use in a future accoyth'ng period, 15 treated as deferred incorne. 1.S Expenditure Expenditure is rKowised ￿ the awLMls bosis. The ¢harity is rnt regi5twed for VAT. thus all costs are sh¢Thm indu5b¥e of VAT charged. Liabil￿'e$ are recognised as soon as there is a legal Lv c*lW"cffj lo pay out re￿)urCe 19- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles {Contlnuedl 1.6 Tangible fix•d assets Tangit4e fixed assets a￿ iniliw measu￿1 at cost and subse￿￿ mea8w￿ at r￿St. net of deP￿￿allon and any impaimient Icsses. Depreuab'on is recognised so a5 to *Tite off the cost ofas*l$ less widual vak* over their useful live3 the fc4kJwtng bases.. Offir* & training ewip¥nenl Comrxrters ￿ sears strnight I 1.7 Impalm￿nt offix•d ass•ts At eath reportiThJ end date, the Trustees reviv￿ Ihe carrwng amounts of ts tangible assets lo delemine whether there is any iTrJication that those assets have suffered an ifflpairment loss. If any such indtcalion exists. the T￿￿Vera￿e aTK)unl of the assot is estifflat￿ in order to dete￿ine the extent of the impairnienl loss Irf any). 1.8 Cash and cash equlvalerts Cash and cash equNalerrt$ KK4ude cath in har￿, depjsrts IRld at ¢xll with banks, other shor¥term liquid investsnents with orignal malurrties of Ir￿e mLYths or le53. and bank overdrafts. Bank overdrafts are shown wrthin borrowin9s in ¢urrwrt lthilrt*s. 1.9 Flnanclal instryments The Trustees has e￿tell to appty the prowsons of Seclion 11 'BaS￿ Fin8na8f In5tnJnents' arKI sect￿ 12 'Othw Financial Instnjments Issues, of FRS 102 to 811 of ts fin￿￿￿ instruments. Finanoal instruments we recognised in th? Trustees's Sheet when the Tntstee5 becc4nes party to the contractual proyisiorts ofthe inslnmth FinanrAd aSS￿S liabllrt￿S are offset. vnth the net amounts wesent8d in the finanaal statements, when there is a legaty enlr*ceabl8 rtght to set off the reco9nised amcwnts and Ih•r• is an intents.on to setue on a net basis or to Tealise the asset and setlle the liability slmuttar￿ou￿y. 8asic finanaal assets. vthi¢ti include deb￿ and cash and bank balanc￿. We initially measured at transaction pn¢e in¢luding transath.on costs aThl are subsequwiuy Carrted at amothsed cost using the effective interest methc4J unless Ihe arrangernent constrtules a financing transaction, where the Iransact+on is measured at the pwent valLk of the ILrtwe rtt￿pt5 discounted at a mthet rate of interest. F￿an￿al assets dassffied as re¢￿Vat48 wrthin on8 year are not amortised. Derncognition of finan¢lalassets Financial assets are derecognised the cI during tho a¢counting period. O¥•ing to the natu￿ ol tre actth aThJ Ihe ¢¥Jmkvgtvyi of the board of tnJStees {ta"ng drawn from local statutory an¢J V￿Untary ￿ganIS*"¢￿1, rt is ine¥rtat4e that transactions wll take place with cwganisations in vthich a trusteg may havg an inlgresl. AJI transath"cffls n vthich a trustee rnay have an interest are conOLthd al am's length and in accordance ￿1th the tharitys finan(yal regulaticffls arKI eypendrture wocedures. Remuneration of key rn￿agernent F￿￿nnel is del￿ed alThie. 19 Company limited by guarantee Apex Chartsble Trust Limited 1$ irKorpNated as a ¢omFWry Irmrted ty gLWa)tee under the Companies Act The hat41ity of membèrs is limrted to £1. 20 Cash gen•rat•d from op•rallons 2023 2022 Deficit forthe ye* {42.8351 134.1661 Adjustrnents tr. Investmerrt in¢we recognrsed in sl*ement of finant?al acbbybes Depreciati￿ and impairment oltan9ible ffixed assets 133n 1,937 (161 6.405 Movements in working ￿￿tal. Ilnueasel in debttys (DeueaSe￿IrK￿ea5e in CTedtiws {5.970) 12,397) {2591 808 Cash absorb•d by op¢ralion$ {49,602) 127,2281