Company Registration No. N1035373 ACCESS EMPLOYMENT LTD ANNUAL REPORT AND Fll¥ANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 NI Cbarity Commission Number- NIC100987
ACCESS EmPLOyTrNT LTD CONTENTS Page Directorsj Annual Rtport St*temeDt of Directors, responsibilities 10 ludependent Auditors. report 11-14 Slatsmellt8 of IID8ndfdl activitie8 15 Balao¢e sbeel 16 Statement of Casb Flow8 17 Note8 to the tIDanciAI statsments 1&27
ACCESS EMPLOYMENT LTD DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 The Directors of the Charity are pleased to present their report and the audited financial statements for the year ended 31 July 2024. The Charity have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the Charity. Principal activities and objectives The objective of the Charity IS to assist people with learning disabilities or physical, sensory, or other impairnient, mental ill health or who are vulnerable due to social or economic circumstances, through the provision of advice, inforn]ation and support in order to gain access to employment, education, economic, health, housing, leisure, social welfare and other services on the same basis as others without such disadvantages. This is achieved through th¢ operation of a Social Firn] which provides training, work experience and sustained employment for people with mental ill health. learning disability and others from a disadvantaged background. The Social Firni has the following activities which provide training, work experience and employment as well as providing sustainable income: Packa in & Assembl AEL packages prodiicts for other companies as well as packaging its own products for sale on-line and also manufactures and prepares product samples lor some of Northern Irelands top Companies including K-Rend & Spirit. Lunchbox Café Located on-site the café has a 5-star rating from Environmental Health and a 5-star rating from Facebook with both sit in, takeaway and delivery options available. Online Sho Under the registered brand name, Candyrush AEL repackages goods which are imported from around the world and sells them online. Our product range includes Party Bags, Envelopes, Confectionery and Craft Products. acili Hire Centrally located in Larne Town Centre th¢ Larne Community Hub, makes the ideal location for group meetings, training courses, special events, displays, fairs, car boot sales etc, Burn Allotments Communi Shed & Garden Centre The Naggy Burn project encompasscs our Community Shed, Allotments and Garden Centre. Each of these 3 projects dovctail with the other to offer a range of activities that provide social and physical interactions aimed at proinotin8 health and wellbein within the local community. Service users can siniply rent an allotment and grow their own produce with t e widely recosnised benefits of being outside, working with nature. producing food and saving money; whilst the Community Shed offers an opportunity to try new things, increase skills and meet new friends with similar interests. Both elements are critical in terms of breaking down social isolation and tackling loneliness. The Naggy Burn Garden Centre opened during summer 2020. Commercial activity has increased, and it now sells a variety of plants, seeds, compost, shrubs, tools and hanging baskets as well as providing a delivery service. Create Gifts Launched in 2022, AEL personalises products and giftware with logos and messages using our laser engraver. Our website is being developed to further promote Create Gifts to both personal and corporate custotners.
ACCESS EMPLOYMENT LTD DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 Our Charitable activities offer the following programmes: Transitions Pro amme School ilsa ed 15-25 The Transitions Programme is a job coaching programme facilitating early intervention with school aged young people. The primary focus is to better prepare young people to transition from school into adulthood, progress to the world of work and be active citizens in their communities. PROSPER This prOamMe is for anyone who is economically inactive aged 16+, who requires support to gain employment and or enter long-terni volunteering or further education. AEL is part of a consortium of 5 other organisations, delivering this programme under UKSPF. Th¢ progTamm¢ commenced in April 2023 and is funded until end March 2025. As part of the programme AEL will support trainees to gain work experience, develop their skills and confidence, reduce isolation, and build towards a positive pathway for their future. ortunities throu hAEL ed 18 + referred throu h NHSCT Individuals who have been diagnosed with a learning disability and have been approved for receipt of eomrnunity-based day services, through the Northern Health and Social Care Trust, can ask about coming along to AEL to volunteer 1- 3 days per week. This helps them to gain work experience, boost their skills and confidence. It may also help them to think about possible work or volunteering opportunities, before deciding on their next steps. Life Pro ramme Promotin a Life f Ind¢ endence Fulfilinent & Ex eriences The LIFE Programme offers bespoke support which ensures trainees have choices in how they spend their day. who they spend it with. and the types of activities offered. We aim to share what's important to them, by developing a person-centred support and action plan that will set realistic goals and encourage the development of each trainee. LIFE will promote their physical, mental, and social health and enhance their quality of life. Social Club AEL also offers a fun packed fortnightly social club, with approximately 30 members attending each session. This club provides a safe and supportive environment for those with additional needs to come together and enjoy social and recreational activities, go on outings, develop new skills and meet new friends. The club is open to everyone. aged 16+ from the MEA council area. Heroes+ Is a Youth programme funded by Peace Plus until February 2028 and run in partnership with Mencap (lead partner) incredABLE, Can Advocacy Network, Bcam, Volunteer Now and AEL The programme focuses on key youth work themes such as: Personal Development Good Relations Citizenship Employability Skills Positive Progression It aims to promote and inspire participants, aged 14 - 24 who have additional needs, from different baCkoundS to build, maintain and manage strong positive relationships and collective id¢ntities, developing their potential and providing safe spaces for th¢m to contribute to building an inclusive and cohesive society.
ACCESS EMPLOYIWIENT LTD DIRECTORS9 ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 Public Benefit In shaping the Charity's objectives, the Directors have considered the Charity Commission Nl's guidance on public benefit including the Commission's 'Public Benefit Reporting, document CCNI PBRI. The direct benefit which flows from this is that disadvantagcd people are provided with support to acccss further training and employment opportunities, thus enhancing their lifestyle and quality of life and allowing them to operate more effectively in the community. Acbievements & Performance Trainees have now returned to pre-covid service levels and are sampling work experience opportunities across all business areas. We have seen a marked increase in trainees social, communication, attitude to work, independence and skills and experience levels this year, compared to the same period last year. This is a direct result of services returning to pre-covid levels and our services adapting to meet trainees where they were in ternis of the supports, they require. At 3 ijt July 2024 the Charity was providing on average 73 training places to 35 individuals each week as well as mentoring an additional I l individuals outside of AEL. This year we have achieved and delivered the following: ualifications OCN Level I Level 2 Em abili Level 2 Vocational Skills - Customer Care Level 2 Vocational Skills- Team Work Skills Level I Pro ssion to Em ment Level I Inde endent Travel Level l Food H iene Level I World Host Customer Care Level I Vocational Skills- Child D¢v¢lo Level I Vocational Skills Animal Care Level I Vocational Skills Exploring Enterprise & Skills for Garden Horticulture TOTAL Awarded ualific&tlODS 19 ment 19 67 Pro ression Pathwa ment Lon tenn volunteerin Further Education Number Whilst AEL prides itself in having a mixed ability workforce and continues to create sustainable employment opportunities, links havc also been established and maintained with local employers via our Inclusive Employer Charter, which CogniseS those employers who provide work tours, placements, and employmentlvolunteeiing opportunitics to our trainces, enabling them to reach their full potential outside of AEL and demonstrating theii own corporate, social responsibility. We are delighted that th¢s¢ employers have continued to engage with us via the charter, and we continue to see a rise in external work placements and tours being offered.
ACCESS EMPLOYMENT LTD DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 To end July 2024 employers have facilitated 6 external work placements ranging from ground maintenance to retail to mechanics. There has also been a total of 6 external work tours, across a variety of business sectors. including haulage, retail, catering, sport and fitness and ground maintenance. Personal development and monitoring of soft outcomes are also a key element of the Charity's training programmes. At 31° July 2024 our distance travelled assessment of trainees revealed the following. Soft Skill Are Confidence/S¢lf Belief Social/Friendshi in Skills Skills & Ex erience Communication Skills Health Lifes Attitude to Work endence & Reliabili Percenta 62.5 /. e Increase 87.5 /. 50/. Inde Flnancial review The Charity recorded a net deficit of {£88,378) for the year. When added to reserves brought forward the totsl reserves on 31 July 2024 are £433,456. As explained in the accounting policies the Charity's funds are nornially either restricted or unrestricted. The main funding streams of the Charity are its social enterprise activities in Packaging and Assembly, Online Retail, Giftware (Create Gifts), Rental, Lunchbox Café. Community Allotments and Naggyburn Garden Centre which together account for 680/0 of the charity's income. These activities support the Charity's training programmes for adults with disability and disadvantage. The Board have considered the risks involved in all our social enterprise activities and are agreed that the desired outcomes are of supporting sustainable disability employment and creating unrestricted revenue thereby reducing dependency on grant funding which is in line with the Charity's core alms and objectives. The Board will ensure that action is taken to reduce or mitigate losses in any of the social enterprise activities including ceasing loss making activities. The legacy from the COVID 19 pandemic as well as the cost-of-living crisis are both making an impact on the activities of the charity as well as its ability to creatc and maintain meaningful businesses. The Board and Senior Management continue to seek to ensure that activities are making a financial and social contribution to thc charity. Recent UK Government Budget announcements relating to National Minimum Wage and Employer National Insurance contributions will have an impact on the Charity. Reserves Policy and Going Coneern At 31 July 2024 the Charity held £433,456 in unrestricted reserves and £nil in restricted reserves. The current unrestricted reserves of £433,456 include an amount of £147,546 which only be r¢alised by disposing of tangible fixed assets. The Charity therefore has free reserves of £285,91 O. It is the current policy of the Charity to seek to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to between three and six months of resources expended on activities outside of funded projects costs. During the year 31 July 2024 this equated from £219,314 to £438,628. The Directors consider that adequate resources continue to be available to fund the activities of the Charity for the foreseeable future and are of the view that the Charity is a going concern.
ACCESS EMPLOYMENT LTD DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 Plans for future periods AEL has a three-year Strategic Plan and a Risk Register to guide its activities. The Board and Senior Management Team continue to focus on strengthening and developing business growth. We continue to seek business activities which offci inclusion and experience for our service users. Although AEL were fortunate to secure funding through UKSPF, following the end of ESF, the new funding is for a short 2-year period to 3 l March 2025 and funding continues to be a major concern for AEL and the community and voluntary sector as a whole. We ar¢ working closely with our colleagues across the sector to lobby for support to maintain vital programmes as well as seeking funds where possible to bridge any gaps in service (working with statutory agencies and sources of grant funding). Structure, Governaoce & Management Access Employment Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 21 December 1998 and amended to allow for current governance arrangement on 25th September 2014 and the liability of each member is limited to an amount not exceeding £1. It has been granted charitable status by HM Revenue and Customs and is registered with the Charity Commission of Northern Ireland. The Directors who also act as Charity trustees are under Charity law legally responsible for the control, management and administration of the Charity. At 31 July 2024 the Board of Directors consisted of eight members being a Chair, Vice Chair and six other members. Three of the members are male and five are female. The Board of Directors meet regularly. at intervals not exceeding three months. During the year 2 Directors retired and 3 new Directors were appointed. A new three year plan (2024-2027) was adopted as part of our Vision 2030. this has three k¢y objectives - Sustainable Financial Growth and Business Success, New Business and Development Opportunities, and Develop People and Organisation, Annual Operational Plans and Budgets are set to enable the Board to monitor progress against key perforn)anc¢ indicators. The Board continually monitors the financial perforniance (and net contributions) of all the social enterprise activitl¢S. Access Employment Limited has forty six employees as at 31 July 2024 and in fulfilment of the strategic plan and in line with the Charity's objectives has delegated to the Chief Executive, assisted by colleagues on the Senior Management Team, responsibility for the day to day operation and management of the Charity Ternis and conditions of the contracts of employment of employees of the Charity are deterniined by the Directors. The pay of all staff including senior management is reviewed annually and nomially increased in accordance with average earnings. The NJC pay scales are used as the remuneration benchmark for Senior Management. Appointment of Directors The Board has adopted a protocol for the appointment of new Directors based on a framework of desired skills and expcrience and seeking to meet skills gaps or address priority areas. The Board has carried out an external process to identify and recruit Directors to rcplace those due to retire as well as filling vacancics to ensure continuity and the availability of appropriate skills.
ACCESS EMPLOYMENT LTD DIRECTORS? ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 Director induction and training New Directors are provided with a tailored induction which includes background on the Charity, its current activities (including visits to operations), strategic and annual business plans, policies and financial position as well as roles and responsibilities of the Board. Ongoing training is provided for all Board members as required as part of annual business plan activities. Relatsd Parties None of th¢ Directors r¢¢¢ive remuneration or other benefit from their work within the Charity. Rigk Management The Directors identify the major risks to which the Charity is exposed each financial year when pr¢paring th¢ annual business plan, in particular those related to the operations and finances of the Charity. The Directors then review any major risks which have been identified and establish systems to mitigate those risks. The Charity is satisfied that the systems are in place to mitigat¢ their exposure to the major risks which have been so identified and reviewed. The Board has examined the major risks which the Charity faces and confirms that policies and procedures have been established so that the necessary steps can be taken to lessen these risks. Environmental Matters The Charity recognises its corporate responsibility to carry out its operations while minimising environmental impacts. The Board's continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible. The Charity will actively pursue methods of reducing its carbon footprint.
ACCESS EMPLOYMENT LTD DIRECTORSY ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 Reference & Administrative Details Charity number: HMRC charity number: Company number: Registered Office: NIC100987 NIOOI 52 N1035373 32-34 Pound Stree( Larne, Co Antrim, BT40 1 SQ Our Advisors Auditors: Harbinson Mulholland Chartered Accountants and Statutory Auditors, 6th Floor, East Tower, Lanyon Plaza, 8 Lanyon Place, Belfast, B TI 3LP Danske Bank, Donegal Square West, Belfast, BTI 6JS BLM, 51 Adelaide Street. Belfast, BT2 8FE BAnkers: Solicitors: Directors The Directors of the charitable company are its trustees for the purpose of Charity Law. The Directors serving during the year and since the year end were as follow5: Hazel Bell (Chair) Grace Nesbitt (Vice Chair) (retired 25101124) Alison Allen (appointed 28111124) Maureen Hanvey (retired 25101124) Audrey Murray (Vice Chair froTn 25101 /24) Christine Barnhill (appointed 25104124) Joanne Liddle (appointed 25101124) Clara Van Es (appointed 25104124) Andrew Clenaghan Jan Mcmaster (resigned 16112124 Trevor Ringland Senior MADagement Personnel Chief Executive Head of Services Head of Business Laura Steele Lorraine Black Jackie Reid Acknowledgements The Board would like to thank all those bodies which have provided financial assistance in the last year. Their support has been essential to maintaining a varied programm¢ of dcvelopment and training for OUT beneficiaries which we would othenvise be unable to provide. Grants and donations that were received are set out in note 2 of the financial statements. The Directors also acknowledge, with gratitude, the dedication and professionalism of its staff upon which it is wholly dependent for the Charity's success. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. By order of the Board Mrs 11 Director 16 January 2025
ACCESS EMPLOYMENT LTD STATEMENT OF DIRECTORS, RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2024 Directors, Responsibilities in relation to the financial statements The Company Directors (who are also charity trustees of Access Employmcnt Ltd) are responsible for preparing a Directors, annual report and financial ststernents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Directors to prepare the financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure of the organisation for that period. In preparing the financial statements, the Directors are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP: make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue in business. The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the fInancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the organisation and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the COrat¢ and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may diff¢r from legislation in other jurisdictions. StAlement of disclosure to auditors So far as the Directors are aware at the time of approving the Directors annual report: there is no relevant infonnation, being inforniation needed by the auditor in connection with preparing their report, of which the charitable company's auditors are unaware, and the Directors, having made enquiries of fellow Directors and the charitable company's auditor that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a director in order to make themselves aware of all relevant audit inforn]ation and to establish that the auditor is aware of that inforniation. By order of the Board Mr¥ St Director 16tb January 2025 10
ACCESS EMPLOYMENT LTD INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ACCESS EMPLOYMENT LIMITED Opinion We have audited the financial stat¢ments of Access Employment Limited (th¢ 'Charity') for th¢ year ended 31 July 2024 whTch comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements. includiiig significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Acwunting Standards, including FRS 102 The Financial Reporting Siaiidard applicable in (he UK and Repz4blic oflreland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statsments: give a true and fair view of the state of the charitable company's affairs as at 31 July 2024 and of its incoming resources and application of resources, for the year then ended. hav¢ been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Cornpanies Act 2006. Basis for oplnlon We conducted our audit Tn accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsi bilities un(kr those standards are further des¢ribed in the Auditor's responsibilities for the audit of the financial statements seclior] of our report. We air independ¢nt of the Charity in a¢¢ordance with the ethical requirements that are relevant to our audit of the financial statenients in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sutricient and appropriate to provid¢ a basis for our opinion. Conclu8ions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you were: the directors, use of the going Concern basis of accounting in the preparation of the financial statements is not appropriate,. or the directors have not disclosed in the finan¢i81 statements any identified mat¢rial uncertainties that may cast significant doubt about the group's or the parent company's ability lo ¢ontinu¢ to adopt the going ¢on¢¢rn basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for is5U¢. Other illformAtion The other information comprises the information included in the Directors, Report, other than th¢ financi&l statemtS and our auditor's report thereon. The directors are responsibl¢ for the other inforniation. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our repor( we do not express any fomi of &ssurancc conclusion thcreon, In connection with our audit of the ftnancial statements, our Tesponsibility IS to read the other infornlation and, in doing so. consider whethcr the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If, based OD the work we have perfortned. w¢ conclude that there is a material misstat¢ment of this other inforniation. we are required to report that fact. We have nothing to report in this regard.
ACCESS EMPLOYMENT LTD INDEPENDEIYT AUDITORS, REPORT TO THE MEMBERS OF ACCESS EMPLOYMEI¥4T LIMITED OpinSons on other matters prescribed by the Companies Aet 2006 In our opinion. based on the work undertaken in the course of our audit: the information given in the Directors, reporL which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial ststements are prepared is consistent with the financial statements; and the directors, report included within the Directors, report has been prepared in accordance with applicable legal requirements. l¥tstters on which we are requlred to report by exception In the light of th¢ knowledge and und¢rstanding of the Charitable company and its enviTonment obtained in the course of the audit. we hav¢ not identified mat¢rial misstatem¢nts in th¢ Slrat¢gi¢ Report and the Directors, R¢port. We have nothins to T¢POrt in respect of th¢ following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion: adequate accounting records h8ve not been kept or returns adequate for our audit have not been r¢¢eived from branche5 not visited by us. or the financial statements are not in agreement with the accounting records and returns; or certain discl05ures of trustees, remuneration specified by law are not made; or we have not received all the inforniation and explanations we require for our audit. Responslbilities of Directors A5 explained tnore fillly in the statement of Directors, responsibilities, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors dct¢rniine is necessary to enable the preparation of financial ststement5 that are free from material misstatement, whether due to fraud or error. In preparing the financial statem¢nts, the Directors are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Direclors either intend to liquidate the charitable company or to cease operations. or have no realistic alt¢rnative but to do so. Auditor's responsibllitles for the audil of tbe tlnanciAI statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenL whether du¢ lo fraud or error, and to issue an auditor'5 report that includes our opinion. R¢asonabl¢ assurance is a high level of assuran¢¢ but is not a guarantc¢ that an audit conductd in accordance with ISAS (UK) will always detect a material fflisslatem¢nt wh¢n it exists. Misstatement5 can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b¢ ¢xpe¢ted to influ¢nce the ¢¢onornic decisions of users taken on th¢ basis of these financial statements. A further description of our responsibilities 15 availabl¢ on th¢ Financial Reporting Council's website at.. http 1lwww.frc.org.uklauditorsTesponsibilities. This description fornis part of our auditor's report. 12
ACCESS EMPLOYMENT LTD INDEPENDENT AUDITORSY REPORT TO THE MEMBERS OF ACCESS EMPLOYMENT LIMITED Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagemert team collectively had the appropriate competence, ¢apabiliti¢s and skills to identify or Tecognise non-compliance with applicable laws and r¢gulations' we identified the laws and regulations appllcable to the company through discussions with dir¢ctors andlor senior manag¢ment. and from our commercial knowledge and experience of the sector. We focused on specific laws and r¢gulation$ which we considered may have a direct material effect on the financial slatements or the operations of the company. including Companies Act 2006, taxation legislation. data protection. anti4)ribery, employment, environmental and health and safety legislation we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and insp¢cting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remaincd alert to instance5 of non-compliance throughout the audit. We ass¢ssed the susceptibility of the company's financial statements to material misstatement, including obtaining an und¢rstanding of how fraud might occur, by: making enquiries of tnanagemenl a5 to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-cornpliance with laws and regulations; To address the risk of fraud through management bias and override of wntrols, we: p¢rfornied analjtical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in detemiining the accounting estimates set out in Note 2 were indicative of potential bias: and investigated thc rationalc behind signifjcant or unusual transactions, In response to the risk of irregularities 8nd non-complianc¢ with laws and gUlations. we designed procedures which included, but were not limited to.. agreeing fInancial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance. enquiring of management as to actual and potential litigation and cl&irns' and reviewing corr¢spondence with HMRC and th¢ company's legal advisors. There are inherent limitations in our audit proc¢dures dcscribed above. The ore removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and l¢gal correspondenc¢. if any. Material tnisstatement5 that arise due to fraud can be harder to detect than those that arise from error as they may involve delib¢r&te concealment or collusion. 13
ACCESS EMPLOYMENT LTD INDEPENDEI¥T AUDITORS, REPORT TO TEIE MEMBERS OF ACCESS EMPLOYMENT LIMITED This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Compani¢s Act 2006. Our audit work has been undertaken so that we might state to the part charitsble company's members those matters we are requir¢d to state to them in an auditor's report and for no other PLWPOS¢. To the lIest extent permitted by law, we do not accept or Lssume responsibility to anyone other than th¢ company and th¢ ¢haritabl¢ ¢ompany's members as a body* for our audit worL for this repor¢ or for the opinions we have forni¢d. An%ela C igan FCA (Senior Stat ory Auditor) for and on behalf of Harbinson MulhollYdDd Cbsrtered AccouDtants Statutory Audltor 6th,Floor, East Tower Lanyon Plaza 8 Lanyon Place Belfast BTI 3LP th Date: 16 January 2025 Harbinson Mulholland is eligible for appointtnent as auditor of the charity by virtue of its eligibility for appointrnent as auditor of a company under of section 1212 of the Cotnpanie5 Act 2006. 14
ACCESS EMPLOYMENT LTD STATEMENT OF FINANCIAL ACTIVITIES Oncluding income and expenditure a¢unt) FOR THE YEAR ENDED 31 JULY 2024 Total Funds 2024 TotAI FuDds 2023 Unrestrlct¢d Restricted Fullds Funds Notes Income from: Donations Charitable a¢tivities Investments 26,993 754,784 2.431 37.299 64,292 114,485 296,521 1.051,305 1,053,658 2,431 Tolal Ineome 784,208 333,820 1.118,028 1,168.987 ExpeDditiire on: Expenditure on charitabl¢ activiti¢5 877,256 329,150 1,206.406 1.196.146 Total Expenditur 877,256 329,150 1.206.406 1,196,146 Net In¢omel(expenditure) Transfers between funds (93.048) 4,670 4,670 {4.670) (88,378) (27,159) Net MoverneDt in Funds (88,378) (88,378) (27.159) ReeoDCtIiAtion of funds: Total funds brought forward 521.834 521,834 548,993 Total funds carried forward 433,456 433,456 521,834 All the activities of the company are Classed as ongoing. Th¢ statem¢nt of financi&l activities includes all gains and losses recogmised during the y¢ar. The notes on pages 18 to 27 form part of the financial statements 15
ACCESS EMPLOYMEIYT LTD STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2024 2024 2023 Note8 Flxed assets Tangible assets 147,546 169,060 CurreDt assets Stocks Debtors Cash at bank and in hand 77,640 121,883 2l5.477 75.190 76.474 317,036 10 415.000 468,700 Creditors: amounts f4lling due within one year (129,090) (115,926) Net current asset8 285.910 352.774 Totsl A88ets le88 current liablllties 433,456 521,834 Net A&4ets 433,456 521,834 Cbarity Funds Restricted Funds Unrestricted Funds 12 433,456 521.834 Tothl Charity Funds 433.456 521.834 These financial statements hav¢ b¢en pr¢par¢d in accordance with the special provisions relating to small Companies within part 15 of the Companies Act 2006. th The fiDYdnciAI statements were approved by the Board fdDd autborised for issue on 16 January 2025 and signed OD its behalf by Cornpany Registration number: N1035373 The notes on pages 18 to 27 forn] part of the financial statements 16
ACCESS El[PLoYMENT LTD sTATEr OF CASH FLOWS AS AT 31 JULY 2024 Note$ 2024 2023 Cash Ilows from operating aetivities Cash flows from investlng &ctivlties: Interest received Proceeds from disposal of assets Purchase of propety. plant and equipmcnt 19 (89,533) 66,607 2,431 538 (46,481) (14.457) Net casb flow from investing actlvitie8 (12,026) (45.099) Cash flows from finaoclng actlvltles: Receipts from issue of new loans Repayment of loans Net flow from finall¢ing ActlvitieB Net lllcrea8el{deerease) in ca8b and cash equlvalents (101,559) 21,508 Cash and casb equivalents At the l•t August 2023 317.036 295,528 Cash and cash equivalents At the 31 Juty 2024 20 215,477 317,036 The notes on pages 18 to 27 forn part of the financial statements 17
ACCESS EMPLOYMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 l. Aecounting Policies Company Informatloll Access Employment Ltd is a company limited by guarantee, incorporated in Northern Ireland. In th¢ event of the charity being wound up. the liability in respect of th¢ guarantee 15 limited to £1 per member of the charity. The address of the registered office is giv¢n in th¢ Charity infonnation on page 9 of these financial statemenls. The nature of the charity's operations and principal a¢tiviti¢s are included within the direotor's report. Statement of compliance The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have b¢en prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financtal Reporttng Standard applieab5e iii the UK and Republlc of Ireland (FRS 102), the Financial R¢porting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial slatement5 are prepared on a going concern basis und¢r the historical cost coThvention, modified to include certaiTJ items at fair valu¢, The financial statements are presented in sterling which is the functional currency of the chlty and rounded to the nearest £. The signifirAnt accounting policies applied in the preparation of these financial statements are Set out below. These policies hav¢ been consistently applied to all years pres¢nted unless otherwise stated. Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income after any perforn)ance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be r¢cognis¢d the charity will have been notified of the amount5 and th¢ settlcment date in writing. If there are Conditions attached to the donation and this requires a level of perforniance before entitlement can be Obtain then income is d¢ferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is detemined on the basis of the value of the gift to the charity. For exampl¢ the amount the charity would be willing to pay in the open market for such facilities and services. A Co¢SpOnding amount is r¢cognised in expenditure. No atnount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Where practicable, gifts in kind donated for distribution to the beneficiarie5 of the charity are included in stock and donations in the financial statem¢nts upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigli any benefits, then the fair valuc is recognised as a ¢omponent of donations when it is distributed and an equivalent amount re¢ognised as charttable expenditure. 18
ACCESS EMPLOYMENT LTD NOTES TO THE FINAY4CIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 l. Accounting Policies Continued Gifts in kind donated for r¢sale are included at fair value, being the expected proc¢¢ds from sale less th¢ ¢xpected costs of sale. Wh¢re estimating the fair value is practicable upon r¢ceipt it is recognised in stock and 'Income from other trading activiti¢s' Upon sale, the value of the stock is charged against 'Income from other trading activities, and the proceeds are recognised as 'Income from other trading activities, Wh¢r¢ it is impracticable to fair valu¢ the items due to the volume of low value items they are not reeognised in th¢ financial statem¢nts until they are sold. Thi5 income is recognised within 'lncome from other trading activities,. Fixed asset gift5 in kind ar¢ recognised when receivable and are included at fair value. They arc not d¢ferred over the life of the &8set. Income from grants are recognised at fair value when the charity has entitlement after any perforniance onditions have been met, it is probable that the income will be received and the amount can be measured reliably. If ¢ntitlement is not met then these amounts are deferred. ExpeDditure All expenditure is accounted for on an a¢crua15 basis and has been Classified under headings that aggregate all costs related to the category. Expenditure is re¢ognised where there is a legal or construclive obligation to make payments to third partle5, it is probable that the settlement will be required and the amount of the obligation can be measured r¢liably. Support costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office Costs, governance costs, and administrative payroll costs. They are incUed directly in support of exp¢nditure on the objects of the charity. Where support Costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis OF a judgement as to the proportion of tim¢ spent on each of the activities. The analysis of these costs is included in note 5. Tanglble fixed gssets aud depre¢iation Tangible fixed assets are stated at COSt less depreciation. Depreciation is pr()vided at rates calculated to write off the cost les5 estimated residual value of each asset over its expexted useful life, as follows: Leasehold Property Improvements Plant and machinery Fixtures. fittings & equipment l 0% Straight line l O % Straight line l O % Straight line Fund Accounting UnrestrÈcted funds are available to spend on activities that further any of the purposes of organisation. D¢signated funds are unrestricted funds of the organisation which the Directors have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the organisation's work or for sp¢cific projccts being undertaken by the Company. 19
ACCESS EMPLOYMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 31 JULY 2024 l. AeeouDtiDg Policies continlled Stocks Stocks are stated at the lower of cost and estimated selling pric¢ less costs to compl¢t¢ and sell. Cost includes all ¢osts of purchase, cosLs of conversion and other costs InCu¢d in bringing stock to its present location and condilion. Cost is calculated using the first in, first out m¢thod. Provision is made for damaged. obsolete and slow-moving stock where appropriate. Donated stocks are fair valued as described above. Debtorn and creditors receivable I paygble within ODe year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impaimjent are recognised in expenditur¢. )ans aod borrowlDg& Loans and borrowings are initially re¢ognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the eff¢¢tive interest rate method. Le2se8 Renta15 payable and receivable under operating leases are charged to the SOFA on a straight lin¢ basis over the period of the lease. Employee benefits The organisation operates a defined contribution pension scheme. The assets of the scheme ar¢ held separately from those of the company ID an independently administered fund. Contributions are expensed as they become payable. Tax The charity is an exempt charity as set out in Paragraph I Schedule 6 Finance Act 201 O and therefore it meets the definition of a charitable company for UK corporation tax purposes. Going eoncern The financial statements have been prepared OD a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising ihese financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 20
ACCESS EMPLOYMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 JULY 2024 2. Income from Donations Total 2024 Tolal 2023 Unrestrlcted RestrACted Donations Efflployrnent Support NHSCT MEA Council Dorniant Accounts Ulster Garden Villages MEA Agewell LFT Trust Bailey Thomas DOH-SRP DOH- Training Enkalon Rotary cypsp MEA Loneliness Network Peer Support Tesco Brighter Futures CAF Keystone OCN 4,573 4,573 8,911 2,900 8,055 6.910 8.911 100 20,028 100 20.028 55,253 14,000 500 2,195 1,250 19,572 3.350 13,750 13,750 500 500 1,660 500 350 250 1,500 1,000 .l70 3,000 I,660 500 350 250 ,500 1,000 8,170 3,000 500 26,993 37,299 64,292 114,485 Income from Charitable Actlvltiej Assembly & Subcontractin8 Lunchbox Café Online Shops Rent Naggy Burn Programmes Sundry 279.622 148,105 166,565 31,216 63,300 65,368 608 279,622 148.105 166,565 31,216 108,567 316,622 608 273,363 117,727 198,548 31.250 57,380 371.474 3,916 45,267 25 1,254 754,784 296,521 1,051,305 1.053.658 Investment ineome 2024 2023 Bank interest 2.431 844 21
ACCESS EMPLOYMENT LTD NOTES TO THE FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 JULY 2024 Expenditure on Charltable Aetfvitie8 2024 Unrestrieted 2024 Restricted 2024 Total 2023 Total Direct Costs Assembly & Subcontracting Lunchbox Café Online Shops Naggy Burn Programmes 197.787 142,663 225,164 43,718 19,720 197.787 142,663 234,075 82,147 230.876 190.604 119.283 257,916 71.700 203.495 8,911 38,429 211,156 Total Direct Cosls 629 052 258 496 887 548 842 998 Assembly & Subcontracting Lunchbox Cafe Online Shops Naggy Burn Programmes Total Su ort Costs 49,641 49,64l 49,641 49,641 49,640 248 204 3.232 3,232 3,232 3,232 57,726 52,873 52,873 52,873 52,873 107,366 318 858 53.161 53,161 53.161 53.160 140.505 Tota 877 329 150 1 1196 146 Support costs have be¢n allocated on a basis of a judgement as to the proportion of time spenl on each of the activities. 6. Net incomlllg resources for the period 2024 2023 This is stated after charging: Operating lease rentals- property Depreciation Auditors, remuneration 22,200 35.971 2,500 22.240 33,622 2,5(M) 7. Auditor8 Remuneration The auditor's r¢muneration amounts to an audit fee of £2,500 (2023:£2.500). 22
ACCESS EMPLOINENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Tangible fixed assets Leasehold Fixtures, Property Plant and fittings and Improvements Machinery equipmenl Total Cost At 1st August 2023 Additions Disposals 207,137 3.810 94.093 4.670 109,491 5.977 410.721 14,457 At 31" July 2024 210.947 98.763 115,468 425,178 Depreciation At I st August 2023 Charge for the year Depreciation on disposal J 37,463 18,415 55,589 7,662 48,609 9,894 241,661 35,971 At 31st July 2024 155.878 63,251 58,503 277,632 Net Book Value At 31st July 2024 55.069 35,512 56,965 147,546 At 311¢ July 2023 69,674 38,504 60.882 169,060 Stockj 2024 2023 Raw materials, consumables & products for resale 77,640 75,190 10. Debtors 2024 2023 Trade debtors Other debtors Prepayments 101,136 12,011 8.736 71,986 4,488 121,883 76,474 11. Creditors: amounts falling due wilhin one year 2024 2023 Trade creditor5 Taxes and 50¢ial security costs Other creditors Accruals and deferred income 18.463 41,049 4,362 65,216 14,313 31,576 3,404 66,633 129,090 115,926 23
ACCESS EMPLOYMENT LTD NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR EI¥DED 31 JULY 2024 Deferred Income Under l Over I Year Year Totgl D¢f¢rred in¢ome I st August 2023 Resources deferred during the year Amounts released to income during the year 46,119 186,178 184.801 46,119 186.178 184,801 Deferred income at 3 1st July 2024 47,496 47,496 The deferred income arises in respect of income being re¢eived in the year which relates to a future accounting period and in respect of income where condition5 for recognition have not been satisfied. The income will be released to the Statement of Financial Activities in the period to which it relates. 12. Restricted and unrestricted funds At 1st IDeomlng August Rewurceg 2023 At 318tJuly 2024 Outgolng Resources TraDsfe Unrestrlcted General fund 521,834 784,208 877,256 4,670 433,456 521,834 784,208 877,256 4.670 433,456 Restricted Employment support MEA Council - Event Rotary- Equipment OCN- IT Equipment TNL Community Fund - Transitions Programme TNL Community Fund- CoTnmunity Shed Dormant Account 8,911 100 l.660 3,000 100,000 8,911 100 1.660 3.000 100.000 45,267 45,267 20,028 139,243 12,011 500 15,358 139,243 12.011 500 (4,670) UKSPF- PROSPER Programme SUEPB- Heroes+ CYPSP- Event MEA Loniliness Network- Event Peer Support- Event Tesco- Residential Brighter Futurcs- Residential 350 350 250 250 1,500 1,000 1,500 1,000 333.820 329.150 (4,670) Total 521,834 1,118,028 1,206,406 433,456 24
ACCESS EMPLOYMENf LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Analysts of Det Assets between funds Unrestricted Restricted General Fund Fund Total Fixed assets Cash Other current assets 147,546 215,477 70,433 147,546 215,477 70,433 433,456 433,456 13. stAs The company is limited by guarantee and as such doesn't have any shar¢ capital. The liability of eh member is limited to £1, 14. Contingent Ilabilili The company has a contingent liability to repay grant monies if it fails to meet the tsrn]s and conditions of the grant. 15. Flllaneial Commitments Total fLrture minimum lease payment5 under non-cancellable operating l¢ases are as follows". Land & Bulldingj 2024 2023 Operating LeaseB whieh expire: Within one year Between two and five years 21,000 29,750 21,000 50,750 50,750 71,750 16. Employees Number of employee8 2024 Number 2023 Nvmber Management & Administration Assembly & subcontracting Building Naggy Burn Online Shops Programmes Lunchbox Cafe 10 15 13 46 39 25
ACCESS EMPLOYME LTD NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR EIYDED 31 JULY 2024 mployment eogts 2024 2023 Wages and salari¢s Social security Costs Defined contribution Ps1on costs 662,548 45.163 24,229 629.059 41,333 23,717 731,940 694,109 No employee's salary exceeded £60,000. Total Remuneration payable to Key Management Personnel during the year was £160,814 (2023: £174,648). The Charity considers its Key Management Personnel comprises the Chief Ex¢¢utive, Head of Business and Head of Services. 17. Directors 2024 Number 2023 Number Directors No Director or any persons connected with them r¢ceiv¢d any r¢muneration from the organi5ation, nor h&$ the organisation met any individual expenses incurred by any of the Directors for services provided to the Company. 18. Related PArty Transactions During the year, the company made payments totalling £3000 (2023.. nil) and made sales of £3,316 (2023.. £3,696) to Ledcom, a company in which Mrs H B¢ll is a Director, At th¢ year end, the amount due from Access Employment Limited to Ledcom is £nil (2023: £nil) and the amount payable to Access Employment Limited from Ledcom is £425 (2023.. £647). During the year. the company made payments tolalling £nil (2023: £1,275) and made sales of £3,721 (2023. £2,913) to Mid and East Antrim Borough Council. a Company in which Mrs C Bamhill is an employe¢. At th¢ year end, th¢ amount due from Acc¢ss Employment Limited to Mid and East Antrim Borough Council is £nil (2023: £nil) and the amount payable to Access Employment Limited from Mid and East Antrim Borough Council is £120 (2023: £1,311). During th¢ year, the company made sales of £2,016 (2023: £2,11 O) to IPC Mouldings, a company in which Mrs J Liddle is a director. At the year end, the amount payable to AcGess Employm¢nt Limited from IPC Mouldings 15 £102 (2023: £nil). 26
ACCESS EMPLOTrNT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EISDED 31 JULY 2024 19. Reconcilfiation of Thet IDcomel(expellditure) lo net eash Ilow from operating activltles 2024 2023 N¢t expenditure for the reporting period (88,378) (27,159) Depreciation Charges Interest tA)ss on the sale of fixed assets (Increase)Idecrease in stocks Uncre&seydecrease in debtors Incr¢asel(De¢rease) in creditors 35.971 (2,431) 33.622 (844) 2.586 44,647 11,166 2,589 (2,450) (45,409) 13.164 Net cagh flow from operating a¢tivid (89¥33) 66,607 20. Analysi8 of net fundsldebt l August 2023 Cash flow 3A July 2024 Cash at Bank and in Hand 317,036 (105,559) 215,477 317.036 (105,559) 215877 27