REGTSTERED COMPANY NUMBER: 01874856 (England 2nd W411es) REGISTERED CHARITY NUIMBER: 326768 ort of the Trustees And Unaudiled Financial Statements for the YeAr Ended 31 MAreh 2024 for Ownershi At Work 360 Accountants Llmited 18-19 Albion Street Hull East Yorkshire HUI 3TG
Owneishi at Work Contents of the 1n2cial Statements for the Year Ended 31 [reh 2024 Page Report of the Trustees Independent ExAminer's Report StAtement of Financial Activitie5 Balance Sheet Not to the Finli ncial Statements 6 to 10 Detailed Ststement of FinfineiAI AetivitSes
Ownershi at Work ort of the Trustees for the YeAr Ended 31 March 2024 The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006, present theii. report with the fin&n¢ial stateTnenls of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Sialement of Recommeled Practice applicable io charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Ownership at Work exists to promote grvdter understanding of the rol¢ industrial democracy and employee ownership can play in the UK economy. OA W is an independent company limited by gu8raniee with charitsble status. Its current activity focuses on generaling insight into the social and ecortomie impact of sharing meaningful ownership and participation with eiDploy¢es and workers in organisatioThs of all kinds. The 2023-24 FY marked a significaiit year of delivery for Ownership at Work (OA W). OAW published a landniark piece of research, rhe EO Knowledge Programme. The research ouiputs from this programme were the culmination of two years, of work by the organisation's small team. Inanaoint7 the delivery of independent reSeah partners aiid with extemal oversight of the project. The final publications hav¢ been widely weleomed as bringing oround-breaking insights into tlie impact of worker and employee owned businesses on the UK economy and sociery. As a result of the publication of tlie EO Knowledge Progrdmmc. and sLvcral smaller publications across the year. OAW ha5 cemented a strong delivery reputation and is building critical relalionship5 With key stakeholders across the mutual econoiny which will support futiire research ambitions. STRUCTURE. GOVERNANCE AND MANAGEMENT Govei'ning document The charity is a limited company. limited by guaranie< as defined by the Companies Act 2006 and is governed by its Memorandum and Articles of Association REFERENCE AND ADMINISTRATIVE DETAILS Registered Company ttumber 01874856 (England and Wales) Registei*d Charity number 326768 Registered office Wrigleys Solicitors LLP 3rd Floor 3 Wellington Place Leeds West YorL8hire LSI 4AP Ti'ustees Mrs D J Oxley OBE Consultant Prof. J M Pritchard OBE Consultant - Health and Social Care Ms A C Tyler Management Consultant Mr J E B De Le Vingne Chief Executive Mr P T L Dann Market Researcher Mrs S Lenox Solicitor Mi's N Mehegan Project Manager Mr S J Poole Company Director Independent Examiner 360 Accouiitants Limited 18-19 Albion Street Hull East Yorkshire HUI 3TG
Ownershi ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAtis Bankers Unity Trust Bank POBOX 7l93 Planetary Road Willenliall WVI 9DG This repoit ha5 been prepared in accordance with the special provisions of Part 15 of the Companies A¢t 2006 relating to small companies. Approved by order of the board of trustee5 on .............. . and signed on its behalf by: Ms A C Tyler-'frus Page 2
Inde endent Examiner's Re ort to the Trustees of Oivnershi at Ivork Independent e¥aminer's report to the trustees of Oivnership 2t Work ('the Comp2ny') I report to tlie charity trustees on Tlly examination of the accounls of the Company for the year ended 3 l March ?024. Responsibilities and basis of report As the charity's trustees of the Company (and also its direclors for Ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Compaiiies Act 2006 ('th¢ ?006 Act,). Having satisfied Inyself thal the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independeni examination. I report in respect of rny examination of your charity's accounts as carried out under Seciion 145 of the Charities Act 2011 {'the 2011 Act,). In carying out my examination I have followed the Dire¢tions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's stAtement I have eompleled my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kepl in respect of the Company as requir¢d by Section 386 of tlje 2006 Act. or the accounis do not accord with those records. or the accounts do not comply wilh the accounting requirements of Se¢tion 396 of the 2006 Act other than any requirement that the accouTJls give a true and fair view which is not a matter considered as part of an independent examination. or Ihe accounts have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by ¢haritie5 (applicable to charities preparing their accounts in accoi'dance witli the Financial Reporting Siandard applicable In the UK and Republic of Ireland (FRS 102)). I have no ¢on¢ern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsndiDg of the accounts to be reached. Andrew Steele FCCA FCA The Institute of Chartered Accountants in England and Wales 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HUI 3TG l O July 2024 Page 3
Ownershi at Work Statement of Financial Activities for the Yoar Ended 31 Mareh 2024 3113124 Total funds 3113r23 Total funds Unrestricted fvnd Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and sponsorships 56.976 56,976 51,332 EXPENDJTURE ON Raising funds 1,828 1,828 CharttablÈ activities Funds for charitable activities 55,609 6,000 61,609 65,008 Total 57,437 6,000 63.437 65,008 NET INCOME/(EXPENDITURE) (461) (6,000) (6,461) (13.676) RECONCILIATION OF FUNDS Total funds brought forward 2,528 6,000 8,528 22.204 TOTAL FUNDS CARRIED FORWARD 2,067 2,067 8,528 The notes forni part of these financial Statements Page 4
Oivnèrshi At Work Bl4 laftce Sheet 31 Marth 2024 3113ll4 Total funds 3113r23 Total funds Unrestricted fijnd Restricted fund Notes CURRENT ASSETS Debtors Cash at bank iJoo 797 ijoo 797 13,33? 11,612 2,097 2,097 ?4,944 CREDITORS Amounts falling due iviihin one year (30) (30) (16.416) NET CURRENT ASSETS 2.067 2,067 8,528 TOTAL ASSETS LESS CURRENT LIABILITIES 2.067 2.067 8.528 IYET ASSETSI(LIABILITIES) 2,067 2.067 8,528 FUNDS Unrestricted fuiids Restricted funds 2,067 2.528 6,000 TOTAL FUNDS 2,067 8,528 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The membej's have not required the company to obtain aTJ audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act ?006. The trustees acknowledge their responsibilities for (a) ensuring that the Charitable company keeps accouniing records that comply with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements which give a irue and fair view of the stste of affairs of the charitable coirtpany &5 at the end of eLch financial year and of its surplus or deficit for each financial year in accordan¢e with Ilie requirements of Scctions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statemenls. so far as applicable io ihe charitable company. (b) These financial staternents have been prepared in ac¢ordan¢e with the provisions applicable to charitable companies subject to the srnall companies regime. slate were approved by the Board of Tru51ees and authorised for issue nd wer¢ signed on ils behalf by., on Ms A C Tyler- Truste The notes form part of these financial statements Page 5
Ownershi at Woi'k ]%otes to the FinaDcial Statemellts ror the Year Ended 311.Iarch 2024 ACCOUNTING POLICIES Basis of prepRring the financial statements The financial statements of the charitable compony. which 1$ a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP (FRS I O?) 'Accounting and Reporting by CharitÉes'. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢tive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial staternents have been prepared under the historical cost convention. Iacome All income is recognised in the Statement of Financial Aclivities once the chaTity has entitlement to tlie funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing tlie charity to that expenditure, it is probable that a transfer of economic benefits will be required in settleinent and the amount of the obligation can be measured reliably. Expenditui'e is accounted for on an accruals basis and lias been ¢lassified under headings that aggregate all cost relat¢d to the category. Where costs ¢annot be directly attributed to particular headings they have been allocated 10 aetivities on a basis ¢on$i3tent with the u$¢ of resources. Taxfition Tli¢ charity is exempt from corporation Éax on its charilable activities. Fund aecountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose5 Witliin Ilie objects of the Charity. Restrictions arise when specified by the donor or when fijnds are Taised for particular restricted purposes. Further explanation of the nature and purpose of each nd is included In ihe notes to the financial statements. Hii'e pui"chase And leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. DONATIONS AND SPONSORSHIPS 3113124 3113123 Donations and sponsorsiiip 56,976 51,332 Page 6 continued...
Ownershi at Work Yotes to tht Financial Statements- CODtillued for the Year Ended 31 Mareh 2024 NET INCOME/(EXPENDITURE) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Nlar¢li 2024 nor for the year ended 31 March 2023. Trustees, expenses Tliere were no truslees, expei)ses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Resiri¢ted fund Total funds INCOME AND ETrIDOWMENTS FROM Donations and sponsorships 15,432 35,900 51,332 EXPENDITURE ON CharitAble Activities Funds for charitable aclivilies 35,108 29.900 65,008 NET INCOMEI(EXPENDITURE) (19,676) 6,000 (13,676) RECONCILIATION OF FUNDS Total funds brought forward 22,204 22,204 TOTAL FUNDS CARRIED FORWARD 2,528 6,000 8,528 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 TrAde debtors IJOO 13.332 Page 7 continued...
Ownershi at Work Not&s to the Financial Statements- CODtiDued for the Year Ended 31 .Ilareh 2024 CREDITORS.. AMOUNTS FALLING DUE WITHIIY ONE YEAR 3113124 3113/23 Trade creditors Accrued expenses 30 175 16.241 30 16.416 MOVEMENT IN FUNDS Net movement in fvnds At 3113124 At 114123 Unrestricted funds General fund 2,528 (461) 2,067 Restricted funds Restricted 6,1)00 (6,000) TOTAL FUNDS 8.528 (6,461) 2,067 Net movement in funds, included in Ihc above are as follows: Incoming resources Resources expended Movement in fiinds UniYsti'i¢ted funds General fund 56,976 (57,437) (461) Restricled funds Reslri¢led (6,000) (6,000) TOTAL FUNDS 56,976 (63,437) {6.461) Compai'Atives for movement in funds Net movement in funds At 3113123 At 114122 Unrestricted funds GeTJeral fiind 22.204 (19,676) 2,528 Restricted funds Restricted 6,000 6.000 TOTAL FUNDS 22,204 (13,676) 8,528 ntinued...
Ownershi at Work Notes to the Financial StAtements - continued for the Year Ended 31 MArch 2024 MOVEMII NT IN FUNDS- Continued Comparative net Tnov¢rnent in fifftds. included in the above a as follows: Incoming resources Resources expended Movement in ndS Uni'estrieted funds General fund 15,432 (35,108) {19,676) Resti'icted funds Restricted 35.900 (29.900) 6,000 TOTAL FUNDS 51,332 (65,008) (13,676) A cUrnt year 12 months and prior year l? months combined position is as follows: N¢t movement in fvnds At 3113124 At 114122 Unrestricted funds General fund 22,204 (20,137) 2,067 TOTAL Fuf4DS 22.204 (20.137) 2,007 A current year 12 months and prior year 12 months combined net movement in funds, inoluded in Ihe above are as follows: Incoming resources Resources expci)dcd Moveinent in funds Uni'estricted funds Generdl fund 72,408 (92,545) (20,137) Rostricted funds Restricted 35.900 (35,900) TOTAL FUNDS 108.308 (128.445) {20.137) Page 9 ¢ontinued..
Ownershi at Work Notes to the Financial Slatemen¢s - continued for the Year Ended 31 hlarcli 2024 RELATED PARTY DISCLOSURES During the year trustee Mrs D J Oxley OBE contributed £ 1,000 to the tharity to support its a¢tivities. Page 10
Ownershi At Work Detailed St2tement of Finanti21 Activities for the Year Ended 31 March 2024 3113124 311312? INCOME AND ENDOWMENTS DonAtions and spottsorships Donations and sponsorship 56,976 51.332 Total incoming resources 56.976 51,332 EXPENDITURE Charitable Activities Consultant fees Insurance Advertising 56,199 340 3,240 57,572 59.779 57.572 Suppoit eosts Management Sundries 791 Finance Bank charges 90 54 Governance eosts Accoiiniancy and legal ftes 3,568 6.591 Total resoLirces expended 63.437 65,008 Net expenditure (6,461) (13,676) This page does not form part of the statutory financial statements Pagell