Charity Registration No. 284736 Company Registration No. 16285661England & Wales) APEX CHARITABLE TRUST LIMITED TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2025 APEX TRUST PROMOTING Eh4PiOYMENT OPPORTUNITIES FOR EX-OFFEND(RS
LEGAL AND ADMINSTRATIVE INFORMATION Trustees.. Claire Redford-Kerr (Chairl Alishia Fitzsimmons Dr Craig Fletcher Colin Litherland Holly Loudon Jane Taylor-Holmes lappointed 14 July 20251 Emma Waller (resigned 15 October 20251 Company Secretary.. Jane Taylor- Holmes Senior Management Team.. Kim Hughes - Chief Executive Officer Charity Number.. 284736 Company Number.. 1628566 Principal Address and Registered Office.. Apex Charitable Trust 13- 15 North Road 5t Helens. Merseyside WAIO 2TW Independent examiner: G.R Taylor & Co 54-56 Ormskirk Street St Helens. Merseyside WAIO 2TF Bankers: Natwest PIC 1123 High Street Kings Heath Birmingham, B14 7LG Solicitors: Lawrence Stephens 14-16 Great Portland Street London WIW 8QW
CONTENTS Page Trustees Report 4-12 Statement of Trustees, Responsibilities 13 Chairfs comment5 14 ry. Is YISION ir kN¢5 4• L¥4 STe¥ ¢014MIIHlf165. 99 T1fft4 Twil dldrj TRIIST
APEX CHARITABLE TRUST LIMITED TRUSTEES, REPORT FOR THE YEAR ENDING 31st MARCH 2025 The Trustees present their report and accounts for the year ended 31st March 2025. STRUCTURE GOVERNANCE AND MANAGEMENT Governin Document The organisation is a charitable company limited by guarantee incorporated on 13th April 1982 and registered as a charity on 7th lune 1982. The company was established Ljnder a Memorandum of sOCIation, 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 was undertaken during 2017 and 2018. The review ensured that the charitable objects continued to reflect the work of the charity ènd best practice in the sector. Charity Registration Number- 284736 Company Registration Number- 1628566 Or anisational Structure The Trust currently has a Board of Trustees of six members, 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 professional backgrounds relevant to the work of the charity. Trustees; Claire Redford-Kerr (Chairl Alishia Fitzsimons Dr Craig Fletcher Colin Litherland Holly Loudon Jane Taylor-Holmes Emma Louise Waller AIS Trustees are also Directors. None of the Trustees h35 any beneficial interest in the company. Day-to-day responsibility for the management of the charity rests with the Chief Executive and Finance Assistant. The Chief Executive is responsible for ensuring that the charity delivers the services Specified and that key performance indicators are met. The Finance Asslstant is responsible for ensuring financial and administrative sVStem5, Standards and practices meet operational and legal requirements. Staff pay and remuneration is made on the basis of an agreed staff structure and pay scale developed and benchmarked against similar not-for profit arid voluntary sector organi5ations.
Re¢ruitment and A olntment of Trustees The companws directors also serve as charity trustee5 under charity law and, according to the Articles of Association, are referred to as members of the Board of Trustees. In line with the procedures set out in the Articles, the current Board has determined whether each trustee will serve an initial term of either two or three years, starting from the adoption date of the new Articles of Association. New trustees are elected to serve a three-year term, and all trustees are eligible for re-elettion, up to a maximum of three consecutive terms. Trustees are recruited through various channels. When a vacancy arises on the Board, existing trustees may invite 5Ultable individuals to join, or the charity may advertise the opportunity on its website and in the local press to attract applicants. For general meetings, the quorum is set at a minimum of three trustees, who may be present either in person or by proxv. Trustee Induttion and Trainln All Trustees are well acquainted with the charity's practical work, having undergone an induction led by the Chief Executive and received regular written and verbal upd3te5 on current and planned activities. New Trustees are provided with an induction pack that complement5 these sessions. The pack draws on key Charity Commission resources, including guidance from The Essential Trustee, and include5: ,& The Memorandum and Articles of Association ,& The latest financial statements .& A Code of Conduct and declaration of interest form outlining Board member obligations .& Core governance documents defining the charitvs operational framework .& An overview of resources and financial position based on the most recently published accounts Information on future and strategic objectives Feedback from new Trustees on the induction proce55 is consistently positive. Risk Mana ement The Board of Trustees has established a comprehensive Risk Management Framework to ensure that the charity systematically identifies, 35sesses, and manages risks across all areas of its operations. The purpose of the Framework is to safeguard Apex's ability to deliver its Strategic objectives and day-to-day activities by addressing potential threats to= People Organisational structures Reputation Other critical factors that may compromise effectiveness or continuity Risk management is Èmbedded within Apex's corporate agenda and forms a core part of its governance and decision-making processes.
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 bv the Board of Trustees. Should any high or extreme risk5 become evident in between Board of Trustee meetings, the Chief Executive will inform the Board of Trustees and agreement as to action to be taken in mitigation will be agreed by most Trustees by email 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 influencing or guiding the work of the Trust. The charity does not operate any subsidiary undertakings. During the reporting period, the Trust Was managed by the Chief Executive, Kim Hughes. 08JEcnvES AND AcnvinES The charitable objectlves as amended by special resolution on 18 July 2018 are- Al The advancement of education, training and 5UPPOrt to Offenders or those at risk of Offending (such term being defined in s2 herein) and the advancement of public education in all matters relatlng to Offenders and ex-Offender5. Bl The relief of poverty of Offenders or those at risk of Offending and the spouses, children and dependents of such persons who are in need. The definition of offender is as follows.. "offender or those at risk of Offendin means any person who has committed or 15 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 puriitive, remedial. a conditional discharge or otherwise. This defiriition also includes those at risk of offending or being a victim of an offence. The Charity has a vlslon: Our vision is of o place where oll individuals have an opportunity to turn their Ilves around. to improve society ond strengthen communitles. To achieve this, the charity will.. We offer career, training and voc¢itionol odvite, guidonce, 0spin7tion, and opportunities for people whose actions or behaviors ht7ve led to negative consequences for themselves and others. enabling them to moke positive choices to turn their lives around and to leod huppy, fvlfllling lives.
The core values of the charity have been identified 35.. EMPOWERING We use all of 0r resource5 to help individuals grow stronger and more confldent 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 INTEGRI How we interact with others, colleagues, partners, funders, clients and volunteers is authentlc and real to whom we are as an organisation. DYNAMIC That we give people a positive experience by being creative, bringing a positive attltude and constantly look for new ideas and ways of worklng 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. The charit¢s principal activities are to.. Help people with a criminal record to obtain employment, training, education IETEI or voluntary work by providing them with the skills they need to acce55 the labour market and by working to break down the barriers to their employment. Provide advice and support for individuals with a criminal record, guiding them on the positive disclosure of their convictionlsl, support in achieving their goa15 In relation to their conviction and help them to achieve employment. These artivities are funded through a combination of grants and donations received from charitable trusts, foundations, and other sources. The main objectives and activities for the year continued to focu5 upon the strategies employed to assist the charity to meet these objectives. Any individua5 accessing Apex Trust provision should experience one or more of the following outcomes resulting from their interaction with and support from the charity Self-Belief Coping Skills I Resilience Journey to a better life Improved Mental Hecilth
ACHIEVEMENTS AND PERFORMANCE Informatlon Advice & Guldance rovision Our Matrix quality standard advice and guidance delivery is the core part of what the charity offers to those at risk of offending or have a crlminal record. The key parts of our delivery include:_ Ensure l-l support is provided by the IAG Officer. Address barriers to employment, training, education IETEI, and voluntary work. Provide disclosure of convictionlsl advice and support. Offer a holistic approach for individuals not ready to take steps towards EfE. Plan Bee Communl Coffee Sho Plan Bee is our training coffee shop for individuals we support to volunteer. The core part of what Plan Bee was set up to deliver is to- Support individuals to volunteer in the training coffee shop. Break down stigma associated with criminal records. Promote community understanding of the charity's mission. Utilize the Pay It Forward and My Meal projects. short.term Impact Gain qualifications, develop work experience, increase confidence, reduce isolation, Improve positive relationships and support networks. Long-term impact Secure paid employment, achieve financial security, improve health, Increase resilience and independence. Social Grou s at The Hive Women's Hub The Women'5 Hub offers a safe and welcoming environment for local women, supporting their personal development and wellbeing. Its core aim5 are to: Provide a secure space where women feel valued and sUPPOrted Enhance life skills and build confidence through targeted activities Reduce social isolation and promote emotional wellbeing Strengthening community connections by encouraging peer support and engagement The Hub plays a vital role in empowering women to lead more connected, confident. and
Young at Heart Young at Heart 15 designed to support individuals aged 60 and over who may be experiencing loneliness or social isolation. The initiative focuses on.. Creating a welcoming space for older adults to connect and feel part of a community Hosting weekly meetings that foster comp3nion5hip and shared experiences Providing opportunities for conversation, laughter, and mutual support Through regular engagement, Young at Heart helps participants bLsild meaningful relationships and improve their overall wellbeing. Men'5 Wellbeing Group The Men's Wellbeing Group was established to support men in addressing mental health challenges and reducing social isolation. The initiative aims to: Provide a safe and supportive space for men to openly discuss their wellbeing Offer activities and services modeled on the successful Women's Hub Foster connection and community through shared experiences and peer support By creating opportunities for conversation and engagement, the group empowers men to take proactive steps toward improving their mental health. ital Hub In February 2025, we launched a new digital hub within Plan Bee, creating a welcoming and inclusive space for the local community. Visitors can access free Wi-Fi and use iPads provided on-site an essential resource for those without internet access at home. The hub supports individuals in managing their Universal Credit accounts, accessing housing services, and applying for employment opportunities. This upgrade was made possible through a grant from the UK Shared Prosperity Fund- Digital Connertivity for Local Communities, enabling us to enhance digital inclusion and support community wellbeing. Our funders and su orters Between l April 2024 and 31 March 2025, we were grateful to receive grant funding from several valued funders. Their generous support enabled us to deliver impactful projects and make a meaninEful difference to those who access our services. National Lottery-Reaching Communities, PH Holt Foundation, Trusthouse Charitable Foundation, John Moores Foundation, Coalfields Regeneration Trust, Garfield Weston Foundation, Medicash Foundation, Swire Charitable Trust, UK SPF Connectivity Grant, EnerEV Efficiency Grant, St Helens Council. Safe uardin Vulnerable Adults The ch3rity has a safeguarding Vulnerable Adults Policy in place, outlining clear procedures to ensure that all beneficiaries are appropriately protected. This policy reflerts the charitys commitment to creating a safe and supportive environment for those it serves.
Safeguarding responsibilities are led by the Chief Executive, who serves as the designated Safeguarding Lead, alongside the Chair of the Board of Trustees. FINANCIAL REVIEW Over the years, the charity has cultivated strong relationships Wlth grant-making bodies, enabling the consistent delivery of high-quality services. Despite ongoing economic pressures, this sijpport ha5 remained steadfast. Unrestricted Intome.. In the current financial year, unrestricted donations and grant income totaled £68,903, compared with £53,161 in 202312024. However, an additional £2199 in unreserved income brought the total to £71,102. General Reserves: General reserves decreased from £36,244 to £18.722. Funder Loyalty and Sector Resilience.. We are fortunate to benefit from the continued loyalty of several trusts and grant-making bodies who recognise the value of our work particularly during a period marked by rising costs, increased demand, and reduced public sector funding across the sector Plan Bee Plan Bee has been operational since January 2020 and continues to demonstrate strong value both as a financial investment for Apex and as a vitsl community resource. &income Growth- Income increased from £45,343 to £49,088 in 2024125, reflecting growing engagement and operational momentum. .&Revenue Contribution.. Plan Bee is now a reliable source of unrestricted income for the organisation, supporting wider charitable artivities and enhancing financial sustainability. Community Hub and Training Centre.. Beyond its financial contribution, Plan Bee serves a5 a vibrant community hub. It offers accredited training in barista ski115, food hygiene, cookery, and customer service, particularly for individuals with lived experience of offending or disadvantage2. Regular sessions-such as the Women's Hub, Men's Ment31 Health Group, and Young at Heart-provide emotional support, skill-building, and social connection for vtslnerable group5. Soclal Value.. The initiative contributes to improved employability, reduced i501ation, and enhanced wellbeing across the St Helens community. It also supports Apex's broader mi55ion to empower individuals facing baTriers to employment and inclusion. Funds available Staff and Trustees have demonstrated flexibility and resilience in adapting planned activities to meet the evolving needs of the community. Despite a highly competitive funding environment, ongoing applications have been successful, enabling the charity to sustain and expand its services. Robust plans are in place to support continued development and increased zctivity, aligned with the charity's core objectives. io
The Board of Trustees extends its sincere thanks to all staff for their dedication and hard work throughout the year. Their commitment has been instrumental in ensuring a successful year and securing a sustainable future for the delivery of vital services. Investment Polic The charity maintains a policy of retaining a prudent level of reserves each year to ensure financial stability and operational continuity. Beyond this, most funds are allocated to short- term activities in direct support of charitable objectives. As a result, there are currently no funds available for long-term investment. Reserves Pollc The Board of Trustees has reviewed the charity's reserve requirements considering key organisational risks. It remain5 the Board's policy to maintain reserves equivalent to at least Six months of unrestricted operating costs. This approach is intended to safeguard the charity's ability to continue SUPPOTting its office in St Helens and front-line staff, even in the face of financial uncertainty. Any Surplus funds beyond this threshold will be reinvested in adv3ncinE the charity's objectives, supporting essential research, and delivering activities that promote meaningful reform within the criminal justice system, ensuring it reflects arid responds to the real challenges faced by society. The free reseNes held at the year-end were £18,722. uali rovement The charity is committed to expanding the development and training opportunities available to both paid staff and volunteers involved in the public delivery of services. This includes-. & Enhancing in-house training programs ,& Providing access to externally actredited vocational qualifications In addition, the charity is focused on increasing opportunities for individuals to volunteer and contribute to the work of the Trust, Strengthening community enEagement and broadening the impact of its service5. PUBUC BENEFIT The ongoing challenges across public, private, and charitable funding sectors continue to shape our approach to service delivery. In response, the charity has t2ken proactive steps to strengthen its operational structures. We have transitioned from a centralised management model toward a more robust, locallv driven management system. This shift enables greater responsiveness to community needs and enhances the effectiveness of front-line services. The development of this localised approach will remain a key focus in the coming year. How our activitles deliver publlc benefit The Directors of Apex Charitable Trust Limited recognise their duty to report on how the charitV5 activities deliver public benefit, in accordance with Charity Commission guidance. In preparing this Annual Report, the Director5 have carefully considered the public benefit requirements as Outlined by the Charity Commission. They are satisfied that the charity's li
work supporting vulnerable individuals, promoting social inclusion, and advocating for systemic change within the criminal justice system continues to deliver meaningful and measurable benefit to the public. The sections above outline the Trust's objectives, highlight key activities and achievements during the year ending 31 March 2025. and set out plans for the current financial year. Apex Charitable Trust's work delivers public benefit to ex-offenders, voluntary sector organisations, and employers. The Trust collaborates with partners across the sector to ensure that Statutory provisions and regulations remain relevant and responsive to current challenges. One of the most pressing issue5 15 the discrimination faced by ex-offenders and former prisoners in the employment market following sentencing or release from detention. To address this, the Trust provides specialist support services that help individuals secure appropriate employment, training, and education. These interventions play a vital role in rehabilitation, enabling ex-offenders to reintegrate into their communities as active citizens. This not only reduces the risk of re-offending but also lessens reliance on public resources. The Directors have considered this matter and concluded.. l. The Board of Tru5tee5 confirms that: 2. The aims of the organisation continue to be wholly charitable in nature. 3. The charity'5 objectives and activities deliver clear and identifiable benefits both to the charitable sector and directly to individuals in need. 4. Collaborative work with local councils and social services enables the charity to provide essential support to women and their families, addressing needs that rnay otherwise go unmet. 5. The benefits delivered are accessible to Society at large, without unreasonable re5trirtion and never based on ability to pay. There is no evidence of detrlment or harm arising from the chariVs aims or activities. ASSET COVER FOR FUNDS Note 12 sets out an analysis of the assets attributable to the various funds and a description of the trusts. 12
TRUSTEE & COMPANY RESPONSIBILITIES The Board of Trustees acknowledges its legal duty under the Companies Act 2006 to prepare financial statements for each financial year that: Present a true and fair view of the company's financial position, including its income and expenditure. Are prepared in accordance with applicable law, including the Companies Act 2006 and relevant regulations. Comply with United Kingdom Accounting Standards, specifically UK Generally Accepted Accounting Practice IUK GAAPI or, where applicable, UK-endorsed International Financial Reporting Standards IIFRSI2. Are approved by the Board prior to filing and signed by a trustee on behalf of the Board. Are filed with Companies House within the statutory deadline, ensuring transparency and public accountability. al selected suitable accounting policies and applied them consistentlv bl made judgements and estimated th3t are reasonable and prudent cl followed applicable accountings standards and statements of recommended prartice dl Prepared the financial Statements on a going concern basis unless it is inappropriate to presume so The Board of Trustees acknowledges its statutory responsibilities under the Companie5 Act 2006, which include.. rf Maintaining Proper Accounting Records Trustee5 must ensure that adequate accounting record5 are kept which: O Accurately disclose the financial position of the company at any time rf Enable the preparation of financial statements that comply with the Companies Act 2006 O Include d3y-to-day entries of income and expenditure, and records of assets and O Safeguarding Company Asset5 Trusteeg are re5pon5ible for safeguarding the assets of the company and for taking reasonable steps to detect and prevent fraud and other irregularities. Audit Disclosure Certification In accordance with Company Law, and in their capacity as Directors of the Company, the Trustees certify that.. So far as they are aware, there is no relevant audit information of which the companV5 auditors are unèware They have taken all steps that ought to have been taken to make themselves aware of any relevant audit information and to ensure that the company's auditors 3re aware of it 13
Chair's final Comments This year has been one of resilience and renewal for Apex Charitable Trust. As we continue to navigate the p05t-pandemic landscape, we have seen both challenges and opportunities shape the way we deliver our services, The creation of new community groups and the expansion of our hubs have provided safe, supportive spaces for those m05t in need reflecting our commitment to inclusion and wellbeing. The rise in mental he31th concerns within our communities ha5 underscored the importance of our work. Through initiatives such a5 Plan Bee and the Digital Hub, we have not onlv adapted but innovated offering practical support, skills development, and a sense of belonging to individuals facing barriers to employment and social participation. These achievements have been made possible through the dedication of our staff and volunteers, the strategic guidance of our Board, and the generosity of our funders. Together, we have strengthened Apex'5 role as a trusted partner in creating positive change. Looking ahead, we remain focused Dn deepening our impact, building resilience. and ensuring that every individual who turns to Apex has the opportunity to transform their future. Thank you to everyone who has contributed to this journey-your commitment continues to inspire and drive our mission forward. On behalf of the Board of Trustees Claire Redford-Kerr Chair of Trustees On behalf of the Board of Trustees Signed ... Mrs. Claire Redford-Kerr- Director, Trustee ICh3irl 14
REGISTERED COMPANY NUMBER: 01628566 (England and Wales) REGISTERED CHARITY NUMBER: 284736 ortoftheT t d Financial Sta ements for the Year E Charitable Trust Limited GR Taylor & Co Accountants 54-56 Ormskirk StTeet ST HELF.NS Merseyside WA102TF
ex Ch ritable Trust Limited nients of the Financial Siatemenis for the Year Ended 31 Marc 2025 Page Report of the Trustees Statement of Financial Activities Balance Sheet Note5 to the Fingn¢ial StateTnents 4 to 10 Detailed Statement of Financial Activities
ex table T st Limited Re ort of the'l rnstees for the Year Ended 31 March 2025 The trteeS who are also directo of the charity for the purposes of the Companies Act 2006, present their report with the fclaI statements of the charity for the year ended 31 March 2025. The tmstees have adopted the provisions of Accounting and Reporting by Charities.. Ststeinent of Recotnmended PractCe applicable to cliarities prepaiin their accounts in accoi'dance with the Financial Repoiiing Standard applicable in the UK and Repiiblic of Ireland {FRS 102} (efftctive l January 2019). FINANCIAL REVIEW Re5trve5 policy The board of twstc¢s has amined the Charity'5 fcqliirements for rescrvc5 in li(Tht of the mttin risks to the organisation. It colltinues lo be ihe Board's policy to aim for reserves equal to the Yalue of a minimum of six months of unrestricted eosts to minimise the risk of not being able to sustain suppoil for our office in St Heleiis and other fronr-line staff.Beyond that lewel, atky surpluses will be invested in the developments of objectives, essential research and activities designed to ensiire that the cruninal justice systetn take5 account foi. the ieal pmblems in our society. STRucfuRE, GOVERNANCE AND MANAGEl*lENT Governing dueument The charity is controlled by its governing documen¢ a deed of trusi, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFF,RENCE AND ADMtNISTIL4TIVE DETAILS Registered Company number 01628566 (England and Wales) Registered Charity nurnber 284736 Registered office 13-15 North Road ST FIELENS Merseyside WAIO 2TW Trustees Ms A J Fitsimmons Programtne Manager (appointed 29.4.24) Dr C P Fletcher Company Director Mr C A Litherland Self Employed (appointed 29.4.24) Ms H Loudon Solicitor M5 C A Redfoid-KeTr Charity Worker Ms J E Taylor-Holmes Company Secretary Ms E L Waller Financial Capability Consultant (resigned lJ.10.25) Company Se¢retary Ms J E Taylor-Holmes Approved by order of the Eoard oltrustees on ........ Iotli December 2025..................................... and signed on its behalf by= Trustee Page I
ex StatemenJLf Financi l Activitie for the Year Ended ) l March 20 Unrestricted fvnd Restricted funds Total funds Total fund5 Note5 INCOME AND ENI)OWMENTS FROM Donations and legacies 19,815 129,780 149,595 160,441 Other tradtng activities Invt5tment income 49,088 2,199 49,088 2.199 45,343 1,291 Total 71,102 129,780 200,882 207,075 EXPENDITURE ON Raising fund5 23,774 9,566 33.340 28,098 Charitable activitie5 Unrestricfrd Restrict¢d 91,477 91,477 12¥,044 19?.586) 274,358 128,044 Totsl 115,251 137,610 252.861 208.870 NET INCOIKEI{EXPENDITURE) (44,149) (7,830) (51,979) (1,795) RECONCILIATION OF FUNDS Toial funds brought forward 62,871 7,830 70,701 72,496 TOTAL FUNDS CARRIED FORWARD 18,722 18.7?2 70.701 The notes form part of these financial statements Page 2
K Charitable Trust Limited Sheet 31.3.25 Total funds 31.3.24 Total nds Utjrestricied fund Restricted funds Notes FIXED ASSETS Tangible assets 1,340 864 CURRENT ASSETS Debtors Cash at bank and in hand 5,500 23,345 5,500 &4,967 8,198 70,135 61,622 28,845 61,622 90,467 78,333 CREDITORS Amount5 falling due within one year 111,4631 (61.622) {73,0851 {8,496) NET CURRENT ASSETS 17,382 17,382 69,837 TOTAL ASSETS LESS CURRENT LIABILITKES 18,722 18,722 70.701 NET ASSETS 18.722 18,722 70,701 FUNDS UnTestricted funds Restricted fund5 18,722 62,871 7,830 TOTAL FUNDS 18,722 70.701 The charitable company is entrIed to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Mh 2025. Th¢ rneTnber5 have not requir¢d the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuting that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and eparing fmancial statements wluch oive a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheIse comply with tlie require17]ents of the Companies Act 2006 relating io financial statements, so far as applicable to the charitable company. (b) These financial staiements have been PTtpared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were appIVed by the Board of Trustees and authorised for issue on ..ié l.11.J..lolS - and were signed on irs b¢half by.. Trustee The notes form part of these financial stateTnentS Page 3
A ex Charitable Trust LiTnited Notes to the Financial Statements for the Ye r &ided 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The fanCIal statemenrs of tlie cliariiable cojnpany. which is a public benefjt enlily under FRS 102, have been prepared in accordance with the Charities SORP (FRS I O?) 'AccouiitiDg and Reporting by Chariiies.. StateTnent of Recommended Praciice applicable to charities prepaTing their acLounts in accordance with the Financial Reportints Siandard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191., Financial Rcponipg Stalldard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, alld the Companies Act 2(X)6. The financial SteMents hawe been prepared under the histoiical cost convention. Iiicome All income is recognised in the Statement tsf Fitiaftcial Activities once the charity has entitlement to the fimds, it is probable that the income will be received and the amount can be measured reliably. Where income relaied eXndItUre (e.g etnployment progrdmmesl, the income and related expenditure are reported gross in the SOFA. Bank interest is recongni5ed when credId to the account. Income. which is subject to conditions the charity ha5 yet to fulfil. or which is SF¢cifi¢ally for use in a futUTe accounting period, is treated as accrued income. Expenditure Expenditure is recognised on the acctuals bls. The Charity 15 not registered forVAT, thus all costs are shown inclusive of VAT charge Liabilities are re¢ogni$ed as expenditure as soon as there is a legal or constructive obligation to pay out resources. Tangible fixed assets Depi'eciation is provided at the following annual rates in order to write off each asset over its estimated useful Computer equipment Straight line over 3 y&grs Taxation The charity is exempt from corporation tax on its charitable activities. Fund aecounling Unrestricted funds can be used in accordance with the chariiable objectives at the discretion of the trnstees. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. Restiicti(>11S arise when specified by the donor or when funds are raised for particular restricted purposes. Further expl3nat20n of the nature and purpose of each fund is included in the notes to the financial statements. Pensioll costs and other post-retiremtnt benefits The charitable coinpany opctates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Artivities in the period to which they relate. Impairment of fixed assets At each reporting end date, the TNstees reviews the carryin(T amounts of its tangible assets to determine whether there is any indication that those assets have suffered ap impairment loss. Jf any such indication exists, the recoverable aTnount of the asset is estEmated in order to detemine Ihe extent of the impairment loss lif any). Page 4 continued...
x Charitable Trust Limited Notes to the Pinancial Stalemenls- continued for the Year EtLded 31 March 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Other trading activities 49,088 INVESTMENT INCOME 31.3.25 31.324 DepOst accoiint interest 2,199 1.291 NET INCO(EXpENDITUREJ Net incomellexpenditure) is stated after charginpJ(creditinJts '. 31.3.25 31.i.24 Deprwiation- own¢d assets 422 107 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefjts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expense5 There were no twst¢es' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnstrICted fund Restricted fiuids Total funds INCOMF. AND ENDONVMENTS FROM Donations and legacies 33,154 127287 160,441 Other trading activities Investment illcome 45,343 1,291 1,291 Total 79,788 127,287 207,075 EXPENDITURE ON Raising funds 28.098 28,098 Charitable acttvities Unrestricted Re5trioted {9J,586) 137,179 (93.586) 274,358 137,179 Total 71.691 137,179 208,870 NET INcOlE1[EXPENDTUR) 8,097 19,892) (1,7951 RECONCILIATION OF FUNDS Total funds brought forward 54.774 17,722 72,496 continued...
ex Charitable Trust Limited Notes to the Financial Stateinents- continued ror the Year Ended 31 March 2025 COMPARATIVES FOR THE sTATElENT OF FINANCIAL ACTIVITIES- eontinued Unrestricied Restricted fund nds Total funds TOTAL FUNDS CARRIED FORWARD 62,871 7,830 70,701 TANGIBLE FIXED ASSETS Coinputer equipiJ)ent COST At l April 2024 Additions 28,258 898 At 31 March 2025 29,156 DEPRECIATIOIY At l April 2024 Charge foryear 27,394 422 At 31 March 2025 27,816 NET BOOK VALUE At 31 March 2025 1,340 At 3 I March 2024 864 DEBTORS: AMOUNTS VALLtNG DUE WITHIN ONE YEAR 31.3.25 Trade debtotS Other debtors PrepaJThents and accmed income 5,500 5,589 1.240 1,369 5,500 8,198 Page 6 continued...
x Chariiable Trust Limited Note5 to the Financial StatemcDts- continue for the Year Ended 31 March 2025 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Bank loans and overdrafts {see note 101 Trade creditors Social security and other taxes Restricted Fiinds Accrued expenses 4,996 1,075 2,038 4,749 61,622 5,383 73.085 8,496 io. LOANS An analysis of the maturity of loans is given below.. 31.3.25 31.3.24 Arnounts fallints due within one year on demand.. Bank overdrafts 4,996 MOVEMENT IN FUNDS Net tnovement in funds At 31.3.25 At 1.4.24 Unrestrieted funds Genernl fund 62,871 {44,149) 18,722 Restricted fund5 PH Holt Prospellty Fund 7,672 158 (7.672) (158} 7,830 (7,8301 TOTAL FUNDS 70,701 (51,979) 18,722 Page 7 continued.
ex Charitable Trust Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- eontinlled Net movement in funds, included in the aEK)ve are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fulld$ General nd 71,102 (44.1491 Re5tri¢ted funds Lotiery Awards for All PH Holt Lloyds Bank Garfield Weston Coalfields Tn]sthouse Prosperity Fund Groundworks Pay It Fotward Merseycaie- Mental Health Multiply Grant Swire Hemby Cornmunity Fund Asda 79,882 8,319 4,167 4,384 2,000 287 1.283 10,027 (79,882} (15,991) 14,167) 14,384) (2,000) {287) (1,441 } (10.027) {211) (10,000) Q,622) 14,896) 1436) 1776) 1490) (7,672) (158) 10,000 2.622 4,896 436 776 490 129,780 {137,610) (7,830) TOTAL FUNDS 200,882 {252,861) (51,979) Comparalive5 for movement in fund5 Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General tund 54,774 8,097 62,871 Restrieted funds PH Holt Lloyds Bank Garfield Weston Prosperity Fund 7,672 (8,861) (8,861) 158 7.672 8,861 8,861 158 17,722 (9,892) 7,830 TOTAL FUNDS 72,496 (1,795) 70.701 Page 8 continued...
ex Ch rTtable Trust Limited Notes to the Financial Statcments- continued for the Year Ended J l March 2025 ii. MOVEMENT IN FUNDS- continued Comparative net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 79,788 (71,691) 8,097 Restrkcted funds Clear Choice- Local Authority Lottery Awards for All PH Holt Lloyds Bank Garfield Weston Coalfields Mens Griup Community Fund Medicash Trusthouse Prosperity Fund Groundworks Other Small Grants 10,000 52,790 7,672 25,000 6,250 6,484 2.903 4,000 4.495 1,238 (10,0001 (52,790) 7.672 (8,861) (8.861) (33,861) (6,484) (2.90J) (4,000) (4,495} (1,0801 158 6,336 (6,3361 127,287 {li7,179) (9,892) TOTAL FUNDS 207,075 (208,870) (1,795) A curr¢Dt year 12 months and prior year12 months combined position is as follow5.' Net Tnovetnent in fvnds At 31.3.25 At 1.4.23 Unrestricted funds Generai fund 54,774 136,052) 18,722 Restriete4J funds Lloyds Bank Garfield Weston 8.861 8,861 (8.8611 (8,8611 17,722 (17,7221 TOTAL FUNDS 72,496 (53,774) 18,722 Page 9 continued...
A ex Charitable Trust Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ii. MOVEMENT IN FUNDS- continued A cuent year 12 months and prior year 12 months combined net rnovetnent in funds. included in the above are as follows: Incomin( re50urces Resources expended Movement in funds Unrestricted funds General fijnd 150.890 1186,942} (36,052) Restricted funds Clear Choice- Local ALlthority Lotiery Awards for All PH Holt Lloyds Bank Cjarfield Weston Coalfields Mens Griup Community Fund Medicash TrL]Sthouse Prosperity Fund Groulldworks Other Sinall Grants Pay It Forward MeTseycare- Mental Health Multiply Grdnt Swire Hemby CoTnmunity Fund Asda 10,000 132,672 15,991 29,167 10,6i4 8.484 2,903 4,000 4,782 2,521 10,146 6,336 211 10,000 2.6?2 4,896 436 776 490 (10,0001 {132.67?) (15,991) (38.028) (19,495) {8,484} (2,903} (4,0001 (4,7821 12,5211 (10,146) 16J36) {211) (10,000) {2,622) (4,8961 (4361 (7761 (490) (8,861) 18,861) 257,067 {274,789) (17,722) TOTAL FUNDS 407,957 (461,731) (53,774) 12. RELATED PARTY DISCLOSURES There weTe no related party transactions forthe year ended i l March 2025. Page 10
Charitable Trust Limited D tailed Statement of Financial Activitie for the Yeai. Ended il March 2025 31.3.25 31.3.24 INCOME AND ENDOWMEIYTS Donations legaeies r)oiiations 8nd legacies Chaiilable activities 16,786 132,809 6,527 153.914 149,595 160.441 Other trading activitiLs Other trading aciivities 49,088 45,343 Investment income Deposit account interest 2,199 1.291 Total incoming resources 200,882 207,075 EXPENDITURE Other trading activities Purchases 33,340 28,098 Charitable xctiYitie5 130,271 4,382 16.653 9,335 Social security Pensions Staff and volunteer costs RenL rates and insurance Repair & maintenance costs Office costs Accountancy and professional Other costs 9,713 34,387 5,217 10,179 13,466 7,134 9,504 20,114 9,185 6,442 4,430 218.660 179,988 Support costs Finance Bank charges 619 677 D¢preciatLOII Computer equipment 242 107 Total resouwes expended 252.861 208.870 Net expenditure (51,979) (1.795) This page does not form part of the statutory fanCial statements Pagell