Charity Registration No. 284736 Company Registration No. 1628566 (England & Wales) APEX CHARITABLE TRUST LIMITED TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3151 MARCH 2024 APEX TRUST PRQAIOTING EMPiOYMEf4T OPPORTUNITIES FOR EX4FENOERS LEGALAND ADMINSTRATIVE INFORMATION Trustees: Claire Redford-Kerr (Chairl Alishia Fitzsimmons lappointed 29 April 20241 Dr Craig Fletcher (appointed 11 March 20241 Colin Litherland lappointed 29 April 20241 Holly Loudon lane Taylor-Holmes (resigned March 20241 Emma Louise Waller Company Secretary.. Jane Taylor- Holmes Senior Management Team: Kim Hughes- Chief Executive 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.. Christopher Moss BSC FCA IS. Accountants & Business Advisors Limited james House, Stonecross Business Park, Yew Tree Way Warrington, Cheshire. WA3 31D Bankers.. Natwest PIC 112a High Street Kings Heath Birmingham, B14 7LG Solicitors.. Lawrence Stephens 14-16 Great Portland Street London WIW 8QW CONTENTS Page Trustees Report 4-14 Statement of Trustees, Responsibilities 15 Independent Examiners, Report 16 Statement of Financial Activities 17 Balance Sheet 18 Statement of Cash flows 19 Notes to the Accounts 20-32 . ei(knthod k •[ NISI TRIJST APEX CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDING 31st MARCH 2024 The Trustees present their report and accounts for the year ended 31st March 2024. STRUCTURE GOVERNANCE AND MANAGEMENT Governin Document The organisation is a charitable company limited by guarantee incorporated on 13th April 1982 and registered as 3 charity on 7th June 1982. The company was est3bli5hed under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. A full review of the Memorandum and Articles of Association w85 undertaken during 2017 and 2018. The review ensured that the charitable objects continued to reflect the work of the charity and best practice in the sector. Charity Registration Number- 284736 Company Registration Number- 1628566 Or ani5ational Structure The Trust currently has a Board of Trustee5 of six rnembers, who meet on average four times per year or more if needed. The Board is responsible for the strategic direction, the policies of the charity and for reviewing its financial affairs. The Board has members from a variety of profe55ional backgrounds relevant to the work of the charity. Trustees- Claire Redford-Kerr (Chairl Alishia Fitzsimons Dr Craig Fletcher Colin Litherland Holly Loudon Emma Louise Waller All Trustees are also Directors. None of the Trustees has any beneficial interest in the tompanv. Day-to-dzy responsibility for the manègement of the charity rests with the Chief Executive and Finance A551Stant. The Chief Executive is responsible for ensuring that the charitv delivers the services specified and that key performance indicators are met. The Finance As515tant is responsible for ensuring financial and administrative 5VStem5, Standards and practices meet operational and legal requirements. Staff pay and remuner3tion is rnade on the basi5 of an agreed staff Structure 3nd pay Scale developed and benchmarked against similar not for profit and voluntary sector organisations. Recruitment and A ointment of Trustees The dirertors of the company are a150 charity tru5tee5 for the purposes of charity law and under the company's Articles are known as members of the Board of Trustees. Under the Articles of A550Cl3tion, member5 of the current Board of Tru5tee5 have determined, as per the process established in the Articles of Association, whether each member is to serve an initial term of office for three or two years, from the date of the new Articles of Association. New members are elected to serve for a three-year terrn. all members are eligible for re- election subject to a maximum of three terms. Tru5tee5 are recrutted through a number of methods. When a vacancy on the Board of Trustees is identified. Trustees can invite other individuals to become members of the Board or an advertisement can be placed on the charity website and through the local press to encourage applications. The quorum of Trustees at general meetings cannot be less than three Trustees present in person or by proxy. Trustee Inductlon and Trainin All Trustees are familiar with the practical work of the charity, having been inducted by the Chief Executive and provided with ￿gUlar written and verbal reports on current and planned work. An induttion pack is also available drawing information from the varioLJS Charity Commission publications signposted through the Co)mmission's guide 'the Essential Trustee" as a follow- up to these sessions. This is distributed to all new Trustees along with the Memorandum and Articles and the latest financial statements. Feedback from new Trustees about their induction is very posltive. The pack also contains information on.. The obligations of Board members including the Code of Conduct and declaration of intere5t'5 form. The main documents which Set out the operational framework for the charity including the Memorandum and Articles Resources and the current financial position as set out in the latest published accounts Future plans and objectives Additionally, all Tru5tee5 are encouraged to Vlslt the charity to familiarize thern5elve5 Wlth the charity and the context within which it operates. Trustees are asked to complete a skills audit which can help identify any addition31 training needs and support the review of skills required when considering the appointment of future Trustees. There is also an annual review of Board effectiveness which all Trustees are asked to contribute to. Following the review, an improvement plan Is developed and regularly reviewed. Risk Mana ernent The Board of Trustees has a Risk Management Framework. The Purpose of the Framework is to ensure th3t the charity critically examines, 3nd effectively manage5, all risks to people, Structures, reputation and any other issues, which could impact upon or compromise the ability of Apex to carry out its strategic aims and normal activities. The management of risk is 3n integral cornponent of Apex's corporate agenda. The Framework clearly identifies the responsibilities of all staff and the Board of Trustees in the effective management of risk. A risk register has been developed and risks are prioritised and graded against the grading framework contained in the Risk Management Framework. All risks are recorded on the Apex Risk Register which is monitored on a bi-annual basis by the Board of Trustees. Should any high or extreme risks become evident in between Board of Trustee meetings, the Chief Executive will inform the Board of Trustee5 and agreement as to action to be taken in mitigation will be agreed by the majority of Trustees by ernail or other electronic method. The Board of Trustees is satisfied that all major risks have been identified and that Systems and actions are in place to mitigate those risks. Related Parties There are no related parties guiding the work (>f the Trust. The charity does not have any subsidiary undertaking5. During the year under review Chief Executive. Kim Hughes managed the Trust. OBJECTIVES AND ACTIVITIES The charitable objectives a5 amended by special resolution on 18 July 2018 are.. Al The advancement of education, training and support to Offender5 or those at risk of Offending (such term being defined in s2 herein) and the advancement of public education in all matters relating to Offenders and ex-offenders. Bl The relief of poverty of Offenders or those at risk of Offending and the spouses, childre and dependents of such persons who are in need. The definition of offender is as follows.. "offender or those at risk of offending" means any person who has committed or is accused or suspected of having committed any offence under the law and who is to be or has been subjected to any legal or administrative process in respect of such offence whether such process be before a court or other tribunal and whether it be punitive, remedial, a conditional discharge or otherwise. This definition also include5 those at risk of offending or being a victim of an offence. The Charity has a vision.. Our vision is of u plt7ce where all indiviLIuLyls hove on opportunity to turn their lives oround, to improve Society and Strengthen communities. To achieve this, the charity will.. We offer ct7reer. training and vocotiontsl advice. guidance, tsspirution, and opportunities for people whose (7rtion5 or behuvior5 htJve led to negative con5equence5 for themselves ond others, enobling them to make positive choices to turn their lives around t7nd to lead hoppy, Aulfilling lives. The core values of the charity have been identified as.. EMPOWERING We use all of our resources to help individuals grow stronger and more confident to make positive changes in their lives and the wider community EXCELLENCE Everything Apex creates and delivers is of a standard that we feel proud of INTEGRITY How we interact with others, colleagues, partners, funders, clients and volunteers is authentic and real to whom we are as an organisation. DYNAMIC That we give people a positive experience by being creative, bringing a p051tive attitude and constantly look for new ideas and ways of working CARING We create and nurture relationships that have respect at the core of our approach and use this to inspire change within all the people with whom we interact. tebtain employment, training, edutation IEtEI or voluntary work by providing them with the skills they need to access the labour market and by working to break down the bèrriers to their employment. Provide advice and support for individuals Wlth a criminal record, guiding them o the positive disclosure of their convictionlsl, support in achieving their goals in relation to their conviction and help them to Bchieve employment. A mixture of grants earned through donations from charitable trusts, foundations and others fund5 these activities. The main objectives and activities for the year continued to focus upon the strategies employed to assist the charity to meet these objectives. To support our participants to develop the capital necessary to break the cycle of offendin& To develop progression pathways into education, trainin& and employment for offenders. and those at risk of offendin Ensure that Apex is financially sustainable; it has the right resources, infrastructure, policies and procedures to maintain and grow its offer to people Information Advice & Guidance rovision Our advice and guidance delivery is the core part of what the charity offers to those at risk of offending or have a criminal record. Individuals receive l-l support from the projects Information, Advice & Guidance IIAGI Officer, 5UPPOrting them in breaking down the barriers they face and find opportunities for them to access employment, training, education IETEI & voluntary work and provide disclosure of convictionl51 advice and support when searching foi opportunities. Individuals come to us on a self-refer basis or through another community grc)up a5 their criminal record is a barrier to them gaininE ETE. Many who come to LJS for this support are far from ready to take these step5 and need the holi5tlC approach in dealing with their barriers. A high Yo of individuals who have accessed/are still accessing our support have some level of metal healthlillness along with many other barriers which have been/ère stopping them from moving forward Idebt, housing, past trauma). Women's Hub Women Centered roach The Hub offers a safe space for local women to participate in a variety of timetabled artivities which improve5 lrfe skills, confidence, reduce isolation and enable women to connect better within the community. The women meet every Wednesday morning bringing their own skills to the group and sharing with the others. The hub is around women supporting women who have experienced similar barriers. The women tell us what a difference it makes to them personally in attending the group "I ririally feel like I have friends who are local again, I feel like part of my community again" Decordted kn'rds t¥)xes delivered tyCBbbage Hall , Yiiiii mmun P13n Bee 15 a fully trading coffee shop within the heart of the community of St Helen5, Merseyside. Plan Bee is a training coffee shop which recruits those at risk of offendin8 & ex- offenders to train & volunteer which launched in January 2020. We provide training in hospitzltty, Customer service and food and drink preparation, improving skills, work experience and employabilitv. Training is part of a 5-step programme including personal and social development. The training held in our community coffee shop brings people together, providing a welcoming and safe space for the communitv to meet and grow. Our Plan Bee project helps reduce social isolation and change the lives of eK-offender5, their families, and the local community. From Plan Bee we support individuals/families within the community through our Pay It Forward and My Meal projert as well a5 catering for Easter and Summer Holiday Activity Fund. COMMUF41FY COFFEE SHOP Apex Trust th¥ Plan Bee l The Hlve Short term impact.. gain qualifications, develop work experience, increase confidence, reduce isolation, improve positive relationships and sUPPOrt networks. Long term impact includes.. Secure paid employment, financial security, improved mental health, increase resilience and independence. Youn at Heart Our Young at Heart group launched in Janu3ry 2022 continues to flourish. The group is for individuals age 60+ who are experiencing lonelinesslisolation, no family support, carer for their partner, have health is5ue5 etc. The group meet once a week in our community space. The key to this group is that they come together to chat, laugh, reminisce, and support each other. We are always being told how grateful they are for all which we provide for them each week. 2 of our Broup members are originally from Italy. 50 we had 'italian d3W for them. Men'5 Mental Health Grou We have introduced a new social group which launched in July 2023. Our men's brunch club 15 for men who experience mental health i55Ue5. The ide3 for this group came off the back of men we were supporting on a l-l basis telling us how much they struggle with mental health. and they find there are few places local they know where to go to. The project idea wa5 modelled on our Women's hub, f3Ctoring different activities and we were successful in securing funding to deliver this group. The feedback provided says 'Since coming to the group, I have the confidence to leave the flat & socialise with others within M8n's81 the group. I don't feel a5 isolated as I did, and my mental health has improved." How we've involved eo le from our communit in the work we do We run our 'Pay it Forward, scheme where members of the public who access Plan Bee can donate. Thi5 then allows u5 to help others within the community who are struggling, be it requiring a hot meal and drink, struggling due to costs of living crisis (top up on electric/gas. purchBse hygiene products to issue). We also run 'Pay as you Feel, days in Plan Bee. We have recently been accepted by Warburton's for charity weekly donations of bread, etc. This enables us to utilise this within our social groups, making them toast sandwiches and an give away to our service users, volunteers, and social groups participants. We have joined up with the local food hub's/food pantries within the Borough, so that if they have any of their customers who are struggling more than otheis, they can refer them over for our'my Meal, service, which will provide them with a nutritious meal prepared and cooked within Plan Bee to collect and re-heat at home. Referrals tend to come from other profe55ionals for individua15/couples/families who have had 3 ch3nge in their benefits lincl. sanctions), discharged from hospital and no-one is at home to help with their recovery, to families who through the tost-of-living trisis are in p(>verty, so mea15 Can help a little. We provide the meals as a 'short-term' help maximum of 2 week5, but alongside that, we chat to them about their issues and ensure they are linked with the right support to address their issues. Our funders and su orters During the period I" April 2023- 31, March 2024 there have been several funders who have awarded grants for our projects, for whom we are thankful to and helped us make a difference to all those we support who access our services. National Lottery-Reaching Communities, PH Holt Foundation, Trusthouse Charitable Foundation, John Moores Foundation, Home Instead Charities, Rainford Trust, Rotary Club st Helen5, Hemby Ch3ritable Trust, Asda Foundation, Borough of Culture St Helen5 Council, Lloyds Bank Foundation, National Lottery CommLJnity Fund, Coalfield5 Regeneration Trust, Garfield Weston Foundation, Medicash Foundation, Magic Little Grants. Tesco Community Grant io Safe uardin Vulnerable Beneficiaries The charity has a Safeguarding Vulnerable Beneficiaries Policy which details the processes in p13Ce to en5LJre that the beneficiaries served by the Charity are appropriately protected. FINANCIAL REVIEW Over the years we have established excellent relationships with Grant Making bodies and have delivered consistently high-quality services. Our unrestricted donations and grant income have amounted to £51,870 compared with £51,050 in 2022123. However additional unrestricted income of £1,29112022123 £3371 gave an unrestricted funds total of £53,161, slightly higher than in 2022123. General Reserves have decreased from £54,774 to £36.244. We are very fortunate to have several Trusts and grant making bodies that have remained supportive and loyal to the very special work that we undertake durin8 these challenging economic time5. Plan Bee Plan Bee has been operational since January 2020 and has proved to be a sound financial investment both for Apex and the local community. Income has decreased from £48,883 in 2022123 to £45,343 in 2023124. It is undoubtedly providing an effective source of revenue for the organisation and a valuable community hub for training and education purposes. Fund5 available Staff and Trustees have been able to adapt and increase planned levels of activity to support the community and our ongoing funding applications are proving successful despite these unpredictable times. There are strong plans in place to support continual development and increased activity b8sed on our charitable objectives. The Trustees would like to thank all the staff that have made this such a successful year and ensured 3 viable future delivering suth worthwhile services. Investment Pollc Aside from a policy of retaining a prudent amount in reserves each year, most of the charity's funds are spent in the short term so there are no funds currently for long-term investment. uall Im rovement Increasing the development and training of our paid staff and volunteers involved in the public delivery of our services through ()ur in-house activities and externally accredited vocational training. Increasing the opportunitie5 for people to volunteer and support the work of the Trust. li PUBLI BENEFIT The ongoing challenging public, private and charitable funding environments drive us in our efforts to strengthen our Service delivery structures. We have continued to move away from a centralised operational management structure towards a stronger local management system. This process will continue in the coming year. How our activities deliverpublic benefit Directors of a charity have a duty to report in their Annual Report on their charity's public benefit. The Director5 of Apex Charitable Trust Limited have considered the requirements which are explained on the Charity Commission website. The sections of this report above set out the Trusvs objectives and report5 on the activity and successes in the year to 31 March 2024 as well as explaining the plans for the current financial year. The Trust's work benefits ex-offenders. voluntary sector organisations and employer5. We work with other5 in our field to ensure that provision. statute and regulations are relevant and reflect current concerns. Following sentencing in the criminal courts job-seeking ex-tsffender and prisoners who have completed their detention face discrimination within the employment market from prospective employers. The Trust provides specialist support services for many of these individuals that assist them in securing 3ppropriate employment, training and education as part of their rehabilitation into their communities as active citizens which reduces their likelihood of re-olfending and dependence on the public purse. The Directors have considered this rnatter and cc)ncluded.. l. That the aims tsf the organisation continue to be charitable,. 2. That the aims and the work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need,. 3. Working In conjunction with local councils and social services provides an essential service for women and their families, which might not otherwise be met 4. That the benefits are for society at large. are not unreasonably restricted in any way and certainly not by ability to pay and 5. That there is no detriment or harm arisinE from the aims or attivities. ASSET COVER FOR FUNDS Note 16 sets out an analysis of the assets attributable to the various funds and a description of the trusts. 12 hairf final rnm Re-establishing our regular and ongoing services, seeing the peer groups develop and the difference they Made has been a highlight this year. Apex is well ernbedded in the community, respetted and loved for the attention to detail, support and guidance our staff and volunteer provide. Plan Bee continues to flourish, supporting people out in the community still and seeing regular customers but also has become a gateway for people who need our help to step into the 5UPPOrt they desperately need. The nuance of this connection isn't something we anticipated but has been a welcome unintended outcome. Again. IN this year, our staff, volunteers and Board worked together to 5UPPOrt each other, our participants and the wider community- enabling the organisation to flourish. Thank you to all member5 of the Board of Trustees for their support, for their careful consideration and attention to detail in shaping the future of our services at Apex. 13 APEX CHARITABLE TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial raview The reSU￿S for the year and the Charills financial posf(ion at the end of the year are shown in the attached Financial Slatemenls. Reserves pollcy The board of trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It continues to be the Board's policy to aim for reserves equal to the value of a mininum of six months of unrestricted costs to minimise the risks of not being able to sustain Support for OLJr office in & Helens and other front-line staff. Beyond that level, any surpluses will be invested in the developments of objectives, essential research and activities designed lo ensure that the criminal justi￿ system lakes account of the real problems in our society. The free reserves held at the yearend were £36,244. The Trustees report was approved by the Board of Trustees. Claire Redford-Kerr, Trustee, Chair 17 December 2024 14- APEX CHARITABLE TRUST LIMITED STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of Apex Charitsble Trust Limited for the purpose of company law, are responsible for preparing the Trustees Report and the financial stslemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company Law requires the Trustees to prepare finanaal ststements for each financial year which gwe a true and fair view of the slate of affairs of the Trustees and of the incoming resources and applicatlDn of resources, including the income and expenditure, of the charrtable company for that year. In preparing these financi81 stslemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Stsndards have been followed, subject lo any material departures disclosed and explained in the financial slalements", and prepare the financial slalements on the going concem basis unless r( is inappropriate lo presume that the Trustees will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trustees and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trustees and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provision relating lo small companies wthin part 15 of the Companies Act 2006. 15- APEX CHARITABLE TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF APEX CHARITABLE TRUST LIMITED I report to the Trustees on my examination of the financial slalements of Apex Charitable Trust Limited (the Trusleesl for the year ended 31 March 2024. This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity's trustees those matters l am required lo slate to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, i do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for my examination, for this report, or for the opinions I have formed. Responsibilities and basis of report As the Trustees of the Trust land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial stslemenls in accordance Mrilh the requirements of the Companies Act 20{￿ Ilhe 2006 Acll. Having satisfied myself that the financial statements of the Trustees are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Truslees's financial statements ¢arried out under section 145 of the Charities Act 2011 Ilhe 2011 A¢tl. In ¢arrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the Trustees as required by se¢tion 386 of the 2006 A¢t'. or the financial statements do not accord with those records., or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi￿ for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wth the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In connection wlh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. JS. Accountants & Business Advisors Limited Christopher Moss Bsc F.C.A James House Stonecross Business Park Yew Tree Way Warringion Cheshire WA3 3JD Dated.. Dec 18, 2024 16- APEX CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Notes In¢om9 and gndowmgnts from: Donations and legacies Charitable activities Other trading ath'vities Investments Other income 6,527 6,527 153,914 45.343 1,291 2,167 2,167 151,621 48,883 337 2,375 153,914 151,621 45,343 1,291 48.883 337 2,375 Total income 53,161 153,914 207,075 51,387 153,996 205,383 Expenditure on- Charitable activities 71,691 137,179 208,870 95,917 152,301 248,218 Total expenditure 71,691 137,179 208,870 95,917 152,301 248,218 Net Incomellexpendlturel 118,5301 16,735 11,7951 144,5301 1,695 142,8351 Transfers between funds 15,2421 5,242 Net movement in funds 118,5301 16,735 11,7951 149,7721 6,937 142,8351 Reconciliation of funds- Fund balances al 1 April 2023 54,774 17,722 72,496 104.546 10,785 115,331 Fund balances at 31 March 2024 36,244 34,457 70,701 54,774 17,722 72,496 The statement of finanaal adivities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 17- APEX CHARITABLE TRUST LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxgd assets Tangible assets 12 Current assets Debtors Cash at bank and in hand 13 8,198 70,135 20,398 56,390 78,333 76,788 Creditor$: amounts falllng dug wlthln one year 14 18,4961 14,2921 Net current assets 69,837 72.496 Total assets less current Ilabllltles 70,701 72,496 In¢om9 funds Restricted funds Unrestricted funds 16 34,457 36,244 17,722 54,774 70,701 72,496 The company is enlilled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo a¢¢ounling records and the preparation of financial slatemenls. The members have not required the company to obtain an audit of ils financial slalemenls for the year in question in accordance with section 476. These financial stslemenls have been prepared in accordance wth the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 17 De￿mber 2024 Claire Redford-Kerr Trustee Emma Louise Waller Trustee Company registration number 1628586 18- APEX CHARITABLE TRUST LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from opgratlng actlvltlgs Cash generated fromllabsorbed by) operations 20 13,425 149,6021 Investing activities Purchase of tangible fixed assets Investment income received 19711 1,291 337 Net ¢ash generated from Investlng a¢tivitie$ 320 337 Net cash used In flnanclng actlvltl&s Net increaselldecreasel in cash and Cash equlvalents 13,745 149,2651 Cash and cash equivalents at beginning of year 56,390 105,655 Cash and cash equivalents at end of year 70,135 56,390 19- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charity infomiation Apex Charitable Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 13- 15 North RDad, St Helens. Merseyside. WA10 2TVV. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland, l°FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. The Trustees is a Public Benefit Enlily as defined by FRS 102. The financial stslemenls are prepared in sterling, which is the functional currency of the Trustees. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepa￿d under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unreslri¢led funds are available for use at the discretion of the Trustees in furtherance of their charitable objedives. Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial slalements. 1.4 Income Income is recognised and included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to the income., receipt is probable,. and the monetary value can be measured with sufficient reliability. Where income has related expenditure {e.g employment programmesl, the income and related expenditure are reported gross in the SOFA. Bank interest is recognised when credited to the account. Income, which is subject to conditions that the charity has yel lo fuffil, or which is specifically for use in a future accounting period, is treated as deferred income. 1.$ Expgndlturo Expenditure is recognised on the accruals basis. The charity is not registered for VAT, thus all Costs are shown inclusive of VAT charged. Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources. -20- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounllng poll¢lg$ Icontlnugdl 1.6 Tangibl8 fixad assets Tangible fixed assets are initially measured al cost and subsequently measured al cost, net of depreciation and any Impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases.. Office & training equipment and Computers 3-5 years Straight line 1.7 Impairment of fixed assets At each reporting end date, the Trustees reviews the carying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impaimienl loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.9 Financial instruments The Trustee5 has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the Trustees's balance sheet when the Trustees becomes paty lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a net basis or lo realise the asset and setue the liability simultaneously. BasiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value ol the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Dere¢ognilion of financial assets Financial assets are derecognised only ¥￿en the contractual rights to the cash flows from the asset expire or are sellled, or when the Trustees transfers the financial asset and subslanlially all the risks and rewards of ownership to another entity, or rf some significant risks and rewards of ownèrship a￿ retained bul control of the asset has transferrèd lo another party that is able lo sell the asset in its entirely lo an unrelated third party. 21 APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounllng poll¢lg$ Icontlnugdl Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, wherè the debt instrument is measured al the prèsent value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable wthin one year are not amortised. Debt instruments are subsequenuy Carried al amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction pricè and subsequenuy measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Trustees's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday enliuement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the Trustees is dernonslrably committed lo temiinale the employment of sn employee or lo provide temination benefits. 1.11 Pensions The pension costs charged in the accounts represent the contributions payable by the company durir¥J the year. Donatlons and legacles Unrestricted Unrestricted funds funds 2024 2023 Other 6,527 2,167 -22- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Restricted R9$trictèd funds funds 2024 2023 Perfomiance related grants Local Authorities The Steve Morgan Foundation PH Holt Kickstsrt Medicash The Screwfix Foundation Home Instead City Health Care Partnership Communty renewal fund Emergency assisstance programme Torus Foundation Awards forAII Rainford Trust my Meals Magic Little Grants John Moors Lloyds bank Garfield weston Coalfields Mens group community fund Trusthouse Other 10,000 50,516 2.028 14,066 5,221 7,672 4,000 1,145 4,500 500 13,904 2,500 6,420 3,000 2,000 500 5,000 21,000 18,750 79,417 167 25,000 6,250 6,484 2,903 4,495 7,526 571 153,914 151,621 Income from other tradlng actlvltles Unrestrlcted Unrestrlcted funds funds 2024 2023 Coffee shop 45,343 48,883 -23- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,291 337 Other Income Restricted funds 2024 Restricted funds 2023 Other income 2,375 -24- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles 2024 2023 Depreciation and impaimient Staff Cos15 Staff Costs Other Coffee Shop Supplies Volunteer Expenses Premises General Office Reporting Accountant & Professional Bank Charges Insurance Session Fees & ReSoUr￿S Other costs Meal replacement costs Volunteer training costs DI Equipment 107 130,313 2.515 28,098 1,416 23.531 9,185 6,442 677 2,096 60 4,430 1,937 143,486 1,736 31,888 745 20,813 7,367 9,541 720 1,523 1,638 3,889 12,000 8,560 2,375 208,870 248,218 208,870 248,218 Analysis by fund Unrestricted funds Restricted funds 71,691 137,179 95,917 152,301 208,870 248,218 Net movement in funds 2024 2023 The nel movement in funds is slated after chargingllcredilingl.. Depreciation of owned tangible fixed assets 107 1,937 Trustees During the year Iruslees received reimbursement of expenses incurred lotslling £4812023.. £2721. In addition Mrs Jane Taylor-Holmes who is the sole proprietor of Charity Professional SeNices received £805 12023.. £7131 for providing her services during the year. No further expenses were incurred during the year. -25- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees The average monthly number of employees during the year was". 2024 Number 2023 Number Ex-offender employment programmes Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 116,653 9,335 4,325 128,474 10,330 4,682 130,313 143,486 There were no employees whose annual remuneration was more than £60,000. 11 Taxatlon The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects. 12 Tangible fixed assets Office & training equipment and Computers Cost Al 1 April 2023 Additions 27,287 971 Al 31 March 2024 28,258 Depreciation and impainnent Al 1 April 2023 Depreaalion charged in the year 27,287 107 Al 31 March 2024 27,394 Carrylng amount At 31 March 2024 864 Al the fixed assets are used for charitable purposes and relate lo unrestricted funds in 2024 and 2023. -26- APEX CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Arnounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 5,589 1,240 1,369 16,562 1,160 2,676 8,198 20,398 Debtors and Prepayments and accrued income £6.74912023'. £17,7221 relate to restricted funds and £1,449 {2023'. £2,6761 unrestricted. 14 Creditors: amounts falling due within one year 2024 2023 Other tsxation and social security Trade creditors Accruals and deferred income 2,038 1.075 5,383 4,292 8,496 4,292 In 2024 £8,49612023.. £4,292) of creditors relates lo unrestricted funds. 15 Retirement benefit schemes Defined contribution schemes The Trustees operates a defined contribution pension scheme for all qualifying employee5. The assets of the scheme are held separately from those of the Trustees in an independently administered fund. -27- 000)￿￿ co O 0 17) ( a>0 C*(OOOCOOOIDCOOW) O O