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← People And Work Unit

2024-12-31-accounts

Charity registration number 515211

Company registration number 01809654 (England and Wales)

PEOPLE AND WORK UNIT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

PEOPLE AND WORK UNIT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr C Sophocleous
P G Watkins
G J McHugh
J L Huyton
D J Rees
C B Vallance
Secretary S Lloyd-Jones
Charity number 515211
Company number 01809654
Registered office Unit 1 @Loudon
Plas Iona
Bute Town
Cardiff
CF10 5HW
Independent examiner Dorrell Oliver Ltd
Linden House
Monk Street
Abergavenny
Monmouthshire
NP7 5NF
Bankers HSBC Bank plc
1 Bridge Street
Newport
South Wales
NP20 6UT

PEOPLE AND WORK UNIT

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 19

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are the advancement of education by carrying out and/or assisting in carrying out research and study into social and economic problems for the benefit of the general public; additionally, to promote education in all matters related to community organisations.

People and Work seeks to make a difference through two core functions:

People and Work’s self-generated action research work is funded through charitable trusts and funds. Earned income comes from commissioned research and evaluation work done for the public and voluntary sectors. Any surplus earned through the research and evaluation contracts goes into action research work that aims to build understanding of effective ways to tackle the causes and effects of poverty, especially in relation to education, health and employment outcomes.

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

Significant activities and achievements against objectives Cenhedlaeth Rhondda Generation

People and Work have continued to support a group of Rhondda residents as they develop a new charity, called Generation Rhondda, focused on developing wellbeing cross the Rhondda Valleys. Over the last year we have employed the five core leaders and five local trainees to build the work. In 2024 they registered as a non-profit limited company and began the process of registering as a charity. They took on their first employees and currently have four staff. The plan is for the group to be fully independent of People and Work by the Autumn of 2025.

Their approach focuses on working with people in Rhondda to develop all aspects of wellbeing – health and fitness, learning, employment and digital inclusion. Over the last year the group have moved towards working with whole families and, increasingly, running activities in the evening and weekends to open access up to people who cannot get involved during the working day.

They have continued to focus on how they work with other organisations locally and have developed close working links with 29 local groups and organisations. After consideration they have decided against trying to secure a core venue as by taking their activities to partner venues they are supporting the viability of others and ensuring that there is local access. They travel to communities rather than asking community members to travel to them.

They have secured funding from the Rank Foundation and a National Lottery Community Fund grant and are working to secure further funding.

The key programmes currently being run are:

Employment support

The employment support project has continued to help people access employment through job searches and developing their CVs. The drop-in support sessions have been developed to target specific groups including college students and parents.

Working closely with the Rhondda Digidol programme, people have been supported to access online services and opportunities.

Tom Jenkins, who leads the employment support work, identified a need to support young people still at school to raise their understanding of employment opportunities and what they could do to access better work before they leave school. In the last year Tom has run two pilot programmes called STRIVE in schools with young people, inviting local employers and entrepreneurs along to talk to them. The evaluation showed positive responses from pupils and teachers - ‘’STRIVE has helped me with what I think I will need the most support with after school by making me realise that there are more ways to become successful in life’’ (young person involved in the pilot). In 2025 the plan is to work with two more comprehensive schools in Rhondda.

Reading Rhondda Darllen

Reading Rhondda has continued to run family reading sessions in schools, pre-school and youthwork settings working with an average of 90-100 children and their families on a weekly basis. Over the year the project worked with twelve schools, including a special needs school, and continued to support three other schools. Schools are encouraged to take over the running of the sessions when they can with parents volunteering to organise activities and read the books. With funding from the Shared Prosperity Fund a support worker was employed who could deliver the work through the medium of Welsh, which has allowed the project to work with families in two Welsh medium schools in Rhondda and also run bi-lingual pre-school and community sessions. This was especially valued where parents and carers do not themselves speak Welsh as it supported them to see how they could still help with their child’s education.

“Introducing Welsh into the sessions has been a brilliant welcome for families who don’t speak Welsh or little ones who will be attending Welsh settings. Picking up a new word or phrase in the settings helps along with the help of the books that we can take home. Claire has been welcoming in every session and my daughter always loves going and singing her Welsh songs along with all the actions.”

(Parent who attends the pre-school sessions)

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Books are given away at family sessions and many families bring them back to swap them. In addition, an old phone box has been stocked with books and the community encouraged to use it and, with a grant from Interlink, 10 little library boxes are being made with the idea that these will be filled with the free reading material and that communities will be able to take and give to the box on a more regular basis, thus reaching a wider audience than those who are able to attend the sessions. The project has linked with Men’s Shed Cymru who have so far kindly made two of the little library boxes and are working on the remaining 7 with one having been made by a grandparent at one of the schools.

The project linked with Treorchy Comprehensive School art department where the students are working with the families at the primary schools to create a design unique to their school and draw and paint the boxes. This will also help the 6[th] form students gain their Welsh Baccalaureate for which community hours are needed.

In 2024 Natasha Owen, project leader, developed the approach further, while still keeping a focus on reading, looking at ways to involve families in wider activities. Cooking sessions were set up in partnership with Pentre Comrades Club and families make meals together, reading the recipes and trying new ingredients. Working with Welcome to Our Woods outdoor sessions have been developed for families with under five year olds. A grant from the National Lottery Community Fund enabled People and Work to employ Carmen Todd-Jones to focus on wider aspects of family involvement and promoting outdoor activities. Working with PIAS Lles these have led to a series of Wild Play days. These sessions are usually at the weekend and involve reading a book and exploring nature.

Rhondda Digidol

Rhondda Digidol is a project based in the Rhondda that has been developed to help tackle issues around digital inclusion. A key factor to the Rhondda Digidol work is working alongside individuals and groups to support them to make the best use of current digital opportunities for friendship, shopping, work, health, education, and communication. The project aids in helping to tackle digital inclusion through the provision of devices, data, and the necessary knowledge to use them effectively.

With funding from Link the project were able to take on two staff members for a year to run events, one-to-one sessions and workshops to support 179 people in Rhondda to access digital technology.

In total, the Rhondda Digidol project has supported 1977 individuals over its three years of funding from the Moondance Foundation. Of these 306 were supported with bespoke one-to-one support and this group is very evenly balanced across age groups. The needs of people for digital inclusion vary but the evaluation of showed that dealing with key activities like booking a doctor’s appointment, accessing a bank account or booking tickets was the most common, closely followed by employability, which encompasses digital skills as well as job search and applications .

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Outcome met per Rhondda Digidol participant

2022-23 2023-24 2024-25 Total
Key activities of life N/A 55 53 108
Learning/ Education 27 8 5 40
Social Connection 10 15 5 30
Employability 28 49 27 104
Advice 7 3 1 11
Other 2 4 8 14

Access to digital technology has also been helped through donating or loaning devises. Through membership of the Good Things Foundation, Rhondda Digidol has been able to give away 172 data pre-loaded sim cards to local people struggling to afford to access the internet. The project also takes in and re-purposes digital devices and has provided 52 notebooks and laptops to local people:

The borrowed tablet has changed my situation a lot. I no longer have to walk one and a half hours to attend the library to job search every day. (Rhondda Digidol participant)

Rhondda Digidol will continue to offer digital support to individuals and community organisations and clubs including gaming and coding groups.

Fit and Well

With funding from the Global Charities Make Some Noise programme and the Shared Prosperity Fund, and working alongside PIAS Lles (see below) which is funded by the National Lottery Community Fund, Fit and Well delivery has worked with schools, community sports clubs, youth services and partners to provide Rhondda people with the opportunity to benefit from the social and health benefits of physical activity. It has also, this year, supported two local people to develop their skills and set up their own fitness enterprises – Active Education CIC and Curl Fitness.

School sessions have included working with a special needs school and primary and secondary schools across Rhondda. Summer programmes have brought the whole Generation Rhondda team together to offer sessions around sports, gaming and crafts.

Walking rugby and football sessions are weekly and tournaments have been arranged for both sports. There are walking groups and a running group that meet weekly. On average the activities involve over 90 people each month.

PIAS

Established nearly seven years ago, PIAS (Play it Again Sport) takes in donated sports clothing, shoes and equipment and either gives it away or sells it very cheaply to broaden access to physical and wellbeing activities. Any surpluses generated are used to fund activities in Rhondda. In the last year 2200 items have been donated to PIAS and 1500 items have been either given or sold at low cost. Donations from the Cardiff half marathon and from donation bins across Rhondda Cynon Taf have been added to with a new donation bin at Swansea University Sports Village.

‘Pop-up’ shops have been identified as a good way to generate sales, linking in to activities that partners are planning and using a ‘pay as you feel’ model. PIAS works with Money Manage Wales to donate any items given which are not sportswear, but which can still be used, to them – filling their need and repurposing excess stock.

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Currently PIAS is being managed by the PIAS Lles leader, Natasha Burnell, and in 2025 the plan is to transfer the initiative to the new Generation Rhondda charity.

PIAS Lles

PIAS Lles is the evolution of the work that PIAS promoted and is funded by the National Lottery Community Fund from February 2023-February 2028. The main targets of this project are:

Key highlights for this year are:

This year PIAS Lles has supported the development of sustainability hubs developed by Pentre Comrades Club (Zero@the Shack) and Cambrian Village Trust (Siop y Llyn).

In January, to coincide with people making their New Year Resolutions, a Wellbing Festival was run in Rhondda. The idea behind this was three-fold:

  1. Promote local businesses and organisations – support them during a typically ‘quiet’ month by giving them guaranteed business, and the opportunity to reach new groups who might not know about them, or typically engage with them.

  2. Support the health and well-being of local people during a notoriously challenging month for people, financially and mentally.

  3. Create a large impact event to promote PIAS and increase reach and engagement for all parties involved.

  4. 5 -

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Over 150 people participated in the Festival in activities including:

PIAS Lles has worked with the Generation Rhondda project to run some joint activities including outdoor activities with families. It has also run cost of living/sustainability workshops in partnership with Swansea University and Pentre Comrades Club.

Evaluation and Research

People and Work seeks to work with the public and voluntary sectors to provide evaluation and research that can help to improve lives. We focus on qualitative work that meets with the charity’s overall objectives and are committed to work that enables clients to develop their work to support people as effectively as possible.

During the last year we have worked on a range of important areas including:

Financial review

The results for People and Work are as shown in the Statement of Financial Activities. The trustees have reviewed the charity's need for reserves in line with guidance issued by the Charity Commission.

Reserves policy

A policy has been established whereby the unrestricted funds not committed or invested in tangible fixed assets (free reserves) should be between two and three months unrestricted expenditure. At this level, the trustees feel they would be able to continue the current activities of the charity in the event of a significant delay in funding. The policy is reviewed annually against current commitments.

Major risks

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

PEOPLE AND WORK UNIT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

The Charity is a company limited by guarantee and does not have any share capital.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr C Sophocleous

P G Watkins

G J McHugh G D Lewis (Resigned 21 February 2024)

J L Huyton D J Rees C B Vallance R J Thurston (Appointed 7 October 2024 and resigned 20 December 2024)

Recruitment and appointment of trustees

Unless otherwise determined by a General Meeting, the numbers of the members of the Governing Body shall not be fewer than six or more than thirty. The Governing Body shall from time to time appoint a member of the Governing Body, either to fill a casual vacancy or by way of addition to the Governing Body, provided that the prescribed maximum is not thereby exceeded. Any member so appointed shall retain their office until the next Annual General Meeting, but he or she shall then be eligible for re-election. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

Dr Duncan Holtom heads up the research team working with Rhodri Bowen, senior researcher, and Emma Preece. James Hall retired in 2024

James Watts-Rees leads the Fit and Well school and sports work and leads on the development of Generation Rhondda.

Tomas Jenkins leads the employment programme for Generation Rhondda.

Ethan Jones leads the Rhondda Digidol programme for Generation Rhondda Natasha Burnell leads on the PIAS and PIAS Lles work.

Natasha Owens leads Reading Rhondda for Generation Rhondda. Sarah Lloyd-Jones is the director and Company Secretary Ann Churcher is the administrator.

Relationship with related parties

There are no related parties.

The Trustees' report was approved by the Board of Trustees.

G J McHugh Trustee

7 July 2025

PEOPLE AND WORK UNIT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PEOPLE AND WORK UNIT

I report on the financial statements of the Charity for the year ended 31 December 2024, which are set out on pages 9 to 19.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees, who are also the directors of People and Work Unit for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met or

P E Lea FCA Dorrell Oliver Ltd

Chartered Accountant Linden House Monk Street Abergavenny Monmouthshire NP7 5NF

Dated: 7 July 2025

PEOPLE AND WORK UNIT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
-
277,830
Charitable activities
4
166,708
-
Investments
5
7,924
-
Other income
-
4,586
Total income
174,632
282,416
Expenditure on:
Charitable activities
6
204,168
309,383
Total expenditure
204,168
309,383
Net gains/(losses) on
investments
12
74
-
Net income/(expenditure) and
movement in funds
(29,462)
(26,967)
Reconciliation of funds:
Fund balances at 1 January
2024
200,760
111,300
Fund balances at 31
December 2024
171,298
84,333		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
277,830
-
295,184
166,708
266,043
-
7,924
6,054
-
4,586
-
3,243
457,048
272,097
298,427
513,551
212,812
222,818
513,551
212,812
222,818
74
(1,888)
-
(56,429)
57,397
75,609
312,060
143,363
35,691
255,631
200,760
111,300		 Total
2023
£
295,184
266,043
6,054
3,243
570,524
435,630
435,630
(1,888)
133,006
179,054
312,060

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PEOPLE AND WORK UNIT

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
The funds of the Charity
Restricted income funds
18
Unrestricted funds
19		 2024
£
43,429
205,305
248,734
(12,472)		 £
19,369
236,262
255,631
84,333
171,298
255,631		 2023
£
28,845
278,014
306,859
(12,234)		 £
17,435
294,625
312,060
111,300
200,760
312,060

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The Trustees' acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 7 July 2025

G J McHugh Trustee

Company registration number 01809654 (England and Wales)

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

People and Work Unit is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 1 @Loudon, Plas Iona, Bute Town, Cardiff, CF10 5HW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity 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

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Resources expended

Direct charitable expenditure includes all expenditure directly related to the objects of the charity.

Costs have been apportioned as a percentage of project costs in line with the grant conditions. Salaries have been apportioned on a time basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment

25% Straight line

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price . Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Grant income

Grants receivable
Grants receivable for core activities
The Rank Foundation
Interlink
Pen y Cymoedd
Shared Prosper Fund
Global Charities
Spectrum
National Lottery Community Fund
Moondance Foundation
Waterloo Foundation
Other		 2024
£
277,830
26,580
2,000
58,306
39,861
31,277
500
78,299
35,000
6,007
-
277,830		 2023
£
295,184
27,058
-
50,968
57,950
36,150
-
57,021
35,000
5,098
25,939
295,184

4 Charitable activities

2024 2023
£ £
Research income 166,708 266,043

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 7,924 6,054

6 Expenditure on charitable activities

Funded
Action
Research
Research
and
Evaluation
2024
2024
£
£
Direct costs
Staff costs
263,640
154,438
Research
-
16,105
Project costs
27,798
-
Activity and training
-
2,183
Printing, stationery and
advertising
1,066
1,040
Telephone
1,183
916
IT
3,816
3,729
Sundries
126
597
Insurance
1,055
1,426
Rent
4,500
4,186
Travel expenses
6,116
1,675
Interpreters and
translators
-
4,293
Equipment
83
194
Books and subs
-
4,223
Administration
-
5,914
309,383
200,919
Share of support and governance costs (see note 8)
Support
-
816
Governance
-
2,433
309,383
204,168
Analysis by fund
Unrestricted funds
-
204,168
Restricted funds
309,383
-
309,383
204,168		 Total
Funded
Action
Research
Research
and
Evaluation
2024
2023
2023
£
£
£
418,078
194,834
152,859
16,105
-
30,431
27,798
7,836
-
2,183
1,639
1,616
2,106
892
415
2,099
876
852
7,545
2,744
3,796
723
86
374
2,481
1,582
1,156
8,686
4,500
2,693
7,791
4,906
1,327
4,293
-
6,145
277
2,923
1,468
4,223
-
1,836
5,914
-
5,274
510,302
222,818
210,242
816
-
157
2,433
-
2,413
513,551
222,818
212,812
204,168
-
212,812
309,383
222,818
-
513,551
222,818
212,812		 Total
2023
£
347,693
30,431
7,836
3,255
1,307
1,728
6,540
460
2,738
7,193
6,233
6,145
4,391
1,836
5,274
433,060
157
2,413
435,630
212,812
222,818
435,630

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Description of charitable activities

Funded Action Research

Funded Action Research - Supporting people in education and skills programmes.

Research and Evaluation

Commissioned Research and Evaluation - Evaluating and researching as commissioned.

8 Support costs allocated to activities

Governance costs
Analysed between:
Research and Evaluation
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements		 2024
£
816
2,433
3,249
3,249
2024
£
2,433		 2023
£
157
2,413
2,570
2,570
2023
£
2,413

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Employees

Number of employees

The average monthly number of employees during the year was:

Project
Research
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
11
4
15
2024
£
349,465
28,679
39,934
418,078		 2023
Number
7
4
11
2023
£
293,933
24,417
29,343
347,693

There were no employees whose annual remuneration was £60,000 or more.

12 Net gains/(losses) on investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Revaluation of investments 74 (1,888)

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14
Fixed asset investments
Cost or valuation
At 1 January 2024 & 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
15
Debtors
Amounts falling due within one year:
Trade debtors
16
Creditors: amounts falling due within one year
Accruals and deferred income
17
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 Listed
investments
£
17,435
17,435
17,435
2024
2023
£
£
43,429
28,845
2024
2023
£
£
12,472
12,234
2024
2023
£
£
39,934
29,343

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2023 resources expended 1 January 2024 resources expended 31 December
2024
£ £ £ £ £ £ £
Project funds 35,691 298,427 (222,818) 111,300 282,416 (309,383) 84,333

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January At 1 January Incoming Resources Gains and At 31
2024 resources expended losses December
2024
£ £ £ £ £
General funds 200,760 174,632 (204,168) 74 171,298
Previous year: At 1 January Incoming Resources Gains and At 31
2023 resources expended losses December
2023
£ £ £ £ £
General funds 143,363 272,097 (212,812) (1,888) 200,760
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Investments 19,369 - 19,369
Current assets/(liabilities) 151,929 84,333 236,262
171,298 84,333 255,631

20 Analysis of net assets between funds

PEOPLE AND WORK UNIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Investments 17,435 - 17,435
Current assets/(liabilities) 183,325 111,300 294,625
200,760 111,300 312,060
21 Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024 2023
£ £
Aggregate remuneration 24,064 22,761