Skilled Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directotrs Report) Year ended 31 March 2023 Thè trustees. who are also the directors for the purpiises of company law, present their report and the financial statements of the charity for the year ended 31 March 2023. Manager's Report 202212023 YRS the first full year of having obtained charitable status for the college. It was also the first full year of having a new company structure moving from two managers on the retirement of John Savage to one Executive Director Beth Ogilvie. A strategic and structural company review took place in November 2022 that resulted in a restructuring of the vmrkforce, job roles and a renewed sense of direction for the company. During a year full of challenges and changes the organization also underwent a significant rebrandin9 proce3s and is now known as Skilled Nl. The Gompany Gontinu¢3 to develop its Moving Forward Strategy, adapting and changing in order for it to compete more effectively. Succession planning and staff change. and development are at the forefront of this strategy and the organization Gontinues to go from strength to strength with new programmes outside yet sympathetic to our core values being developed. Wa continuo to dglivgr Apprentice8hipsNI and Skills for Life and Vvork programme8 through our contracts with The Department for the Economy. We successfully tendered for fijnding from the Communty Foundation under the Mental Health Fund for a Youth Support Worker. The funding is for two years, and the position has proved to be invaluable. The organization continues to deliver a range of vocational skills training. The last year has been challenging financial￿ due to several factors. A new management and student information system (TAMS) was introduced by The Department for the Economy. TAMS is the conduit through which payments are made to the organization in respect of its training contracts and this did not make payments for several months. Consequently. the organization had to dig into its reserves in order to keep the company going. Additionally. the reduction in Apprenticeship numbers has had a negative effect on this year's income. The current management team has assessed these issues and a strategy is now in place that will address. The Trustees have been extremely supportive and have approved a range of capital and revenue investment throughout the financial year. Service users are starting to achieve more qualifications. thus leading to increased output related funding (ORF.) This in tum gives Trustees the confidence to invest in programmes and resources. The end of this year also saw student numbers starting to rise. Despite the ongoing challenges this report details the incredible work and successes achieved by our hard-working dedicated Management and Staff team, who have worked tirelessty to ensure that the company moves forward and that our students are availed of the best and most appropriate training, support, and opportunities. I vrfould like to say a personal thank you to our Management committ￿ and all of those who have supported us through this transitional year. Signature Beth Ogilvie Executive Director Date". Skilled Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2023 Reference and adrninistrative details Registered charity name Skilled Nl Charity registration number 108364 Company registration number IP 219 Principal office and registered 981102 Donegall Street office Belfast BT12GW The trustees P Donaghy R Gilgunn A Simpson G McAllister J Savage (Appointed 21 June 2022) Company secretary Gary MrAllister Auditor Finegan Gibson Ltd Ghartered accountants a stalLrtory au¢Jitor Causeway Tower 9 James Street South Belfast BT2 8DN Banker5 Danske Bank PO Box 183 Donegall Square West Belfast BT16JS Skilled Nl Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) (continued) Year ended 31 March 2023 Structure. governance and management Skilled Nl is a Training Organisation set up as an Industrial Provident Society and a registered charity and has been operating since 1975 (formally known as Belfast Central Training and before that VSB). We are located in Belfast city centre, and we support young people and adults across Northern Ireland with barriers to employment and leaming. Management Committee/Trustees The management committee of the charitable company Skilled Nl are its trustees for the purposes of charity law. Throughout this report they are collectively referred to as "the management commtttee" The management committee serving from 1 st April 2022 to 31 st MarGh 2023 wer¢ as follows". Paul Donaghy Gary McAllister John Savage Alan Waite Roisin Gilgunn Chairperson (Solicitor) Secretary (Business Owner, Communty Worker) Treasurer (Relired) Committee Member. (Rcty) Committee Member. (Education and Training Inspectorate. Retired} The Executive Director of Skilled Nl is Beth Ogilvte. Govemance Skilled Nl is a registered chartty and Industrial Prowdent Society. The Rules of Skilled Nl (Memorandum and Articles of Association) sets out the organisations, intemal governan￿ strudure. It is the organisation's Goveming document and fully compliant Wtth the Charities Act 2011, the Industrial and Provident Societies (Northem Ireland) Act 1969 and The Industrial and Provident Societies (Northern Ireland) Order 2005. Skilled Nl is govemed by a Management Committee made up of five voluntary members with the relevant skills and expertise to fu￿11 their responsibiltties as Board Members. The committ￿ meets quarterly and is responsible for the strategic direction and policies of the charrty. Under the requirements of the Memorandum and Articles, the members of the Management Committee are elected to serve for a period of one year. after which they must be re-elected at the next Annual General Meeting. Key designated officers are elected by the Members of the Committee, these roles include: A Chairperson. Vice Chairperson, Company Secretary and Treasurer. The designated officers are elected to seNe for one year, after which re-election for the roles normally takes place at the August monthty meeting. Day-tIHlay responsibility for the provision of ServI￿S rests with the Executive Director. The Executive Director is responsible for ensuring that the charity delivers the services specffied and also has responsibilty for the day-to-day operational and strategic management of the organisation, supervision of the Senior Management Team and Vocational Educators, skills development and good working practice. Responsibilities of the Management Committee The Management Committee is accountable for the work of the organisation. The matters reserved for the Management Committee include the approval of strategy: the budget" the business plan,. the Annual Report and Financial Statements. The Management Commtttee also retains oversight of management controls and corporate govemance, along with the appointment of Management Committee members, the Executive Director and senior staff positsons. All members of the Management Committee give their time voluntsrily and recetve no financial or material beneffts from the charity. Any expenses claimed from the charity are set out in a note to the accounts. Risk Management Skilled Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontinued) Year ended 31 March 2023 The Management CommFhee recognises the inherent risks in working with disadvantaged young people and in raising funds to pay for ts work. The span of these risks is wide. including health and safety, client safeguarding, programme development and fundraising. The Committee works to mitigate the risks that it takes and aims to deliver safe and effectFve opportunities for people. The Management Committee ensures the organisation manages its risk as effectively as follows". Skilled Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continue Year ended 31 March 2023 Objectives and activities Wision We are dedicated to encouraging. educating. and upskilling students, creating meaningful opportunities and a brighter future. Where success is achieved. A place where businesses work in partnership, where people learn collaboratively and work together towards individual goals. Strategic Objectives 1. To provlde quallty occupallonal and employablllty tralnlng to school leavers and young people aged 16-24 in the Greater Belfast area and throughout Northem Ireland. 2. To develop Ihe organisation both through the identified short-tenn business goals and the long-term strategy and vision. 3. To provid¢ cffcctivc Icadership and managcmcnt by communicating clear direction through mission. vision and values. 4. To promote a cutture of accountabilty, responsibility. selF-evaluation, and continuous improvement to encourage and support innovation. 5. Demonstrate commitment and passion for the organisation's goals and engage staff across all levels of the organisation in strategy and planning. 6. Drive perfomiance and outcomes. 7. Deliver value to stakeholders and leamers by fully understanding their requirements and expectations. 8. Bring together the creativty, capability, and innovation of our workforce through continuous professional development. 9. To enhance the organisation's performance by providing learning strategies which exhibit rigor. innovation and ftexibility in meeting the needs of the leamers. employers and the industry. 10. To improve plans. systems and processes which will lead to improved organisational perfomiance and sustainability. 11. To build an effective partnership between parents. learners. employers, stakeholders and the wider communty to fulfil the organisation's mission. 12. Provide equal access to a broad and relevant currtculurn to all with a wide range of enrichment activities to widen the learners, awareness of the industry and raise their career aspirations. 13. To provide a data rich environment using relevant data and statistical analysis to monitor performance. 14. To develop and deliver digital skills across all training areas. Skilled Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fwitinued) Year ended 31 March 2023 Principlès and Values We believe in the potential of our young people and adults. We believe in respect, honesty, hard work. support. collaboration and communication as the foundation for all of our work. We believe that all key stakeholders should be invotved in the training joumey. We provide a flexible client