REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
WINDMILLS LANARKSHIRE |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
WINDMILLS LANARKSHIRE |
WINDMILLS LANARKSHIRE |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 |
Notes to the Financial Statements | 7 | to | 12 |
WINDMILLS LANARKSHIRE (REGISTERED NUMBER: SC329065) |
Report of the Trustees |
for the Year Ended 31 October 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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 |
Objectives and aims |
Windmills Lanarkshire's commitment to investing in young people with additional support needs has been enshrined since the commencement of the organisation. In 2006, a group of school pupils from the additional support need establishment, Firpark High School in Motherwell, formed a committee determined that they and their peers should have equal access to meaningful work experience opportunities, and so Windmills was born. |
The service has evolved to reflect the changing landscapes and business needs, but we still remain true to our core objectives and activities. The Scottish Government's Developing the Young Workforce recognises that young people with additional support needs are far less likely to secure meaningful employment. As part of their Advancing Equalities initiative within the DYW agenda, Windmills seeks to redress this imbalance. We offer hospitality training direct to young people through our partnerships with various schools alongside Employability and Wellbeing interventions to support young people to transition seamlessly into the world of work. As well as aiming to assist and prepare young people for real and meaningful employment, our training also equips them with a variety of life skills including cooking, teamwork, communication, social skills, working independently, and having self- confidence, resilience and a growth mindset. We offer a nurturing environment where these young people can make friends, reach their potential and gain the Government's objectives of Skills for Learning, Skills for Work and Skills for Life. |
Our bespoke training to school pupils enriches their learning by ensuring they gain accredited qualifications, where appropriate. We work with young people from mainstream and ASN primaries and high schools. Many of our young people have A.C.E.s unfortunately and we seek to support them in their development. We also work with various community initiatives to train their young people. As a consequence of the COVID-19 pandemic, the Charity no longer offers modern apprenticeships, as the business has streamlined and focuses on direct training through the Charity's partnerships with its schools. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
We have further developed our flexible training programmes to suit a range of ages, stages, needs and capabilities. Each young person is, therefore, able to access a bespoke training programme. We have also developed and deliver discrete Employability and Health and Wellbeing courses. Our Employability courses have been developed with experts in education, Skills Development Scotland and Supported Enterprise. |
Our aims of 100% employment post training were achieved prior to the Covid19 pandemic and we offered every school leaver a modern apprenticeship. While the pandemic impacted the Charity's ability to continue offering modern apprenticeships, every young person continues benefitting significantly from skills development, making a huge impact on the outcomes of these young people, allowing them to take their deserved place in society. |
The Charity is currently delivering training to young people in 7 schools regularly throughout term time. The regular feedback from schools and pupils is that they enjoy and benefit from the training and support the Charity offers. |
FINANCIAL REVIEW |
Reserves policy |
All surplus funds in relation to the organisation are reinvested into Windmills Café to further develop the delivery of its services and to help ensure the long term sustainability of the training academy. |
The Charity is still recovering from the substantial costs of successfully defending an employment tribunal in August 2023. However, the Charity has managed to pay the bulk of the outstanding legal fees and as at the end of the financial year the Charity had a modest balance outstanding that will be cleared during the next financial year. |
The trustees will review the reserves policy at the conclusion of the financial year. |
WINDMILLS LANARKSHIRE (REGISTERED NUMBER: SC329065) |
Report of the Trustees |
for the Year Ended 31 October 2023 |
FINANCIAL REVIEW |
Going concern |
As provided for in the previous year's accounts, the organisation's consolidation of its services to solely providing training directly to pupils through its school partnerships has resulted in positive progress for the Charity. The Charity has continued trading and making regular payments towards its debts. |
Separately, the Charity negotiated a rent-free period with its landlord and is currently negotiating the surrender of the lease. The Charity has had no monetary obligations anent the rent since around September 2023. |
During the Covid-19 pandemic, there was insufficient workstream to cover the Charity's PAYE liabilities, resulting in a current debt of £63,000 The charity's management and board are aware of this and have an informal payment plan with HMRC and verbal confirmation that HMRC has no intention of taking action to recover the debt. |
The Charity has demonstrated its ability to continue trading without incurring further debt it is unable to pay, and also made significant payments towards its outstanding debts. It is anticipated that the Charity's only long-term creditors at the conclusion of the next financial year will be HMRC. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Ian S. Watson BA CA |
Watson & Co. |
Oakfield House |
378 Brandon Street |
Motherwell |
NORTH LANARKSHIRE |
ML1 1XA |
WINDMILLS LANARKSHIRE (REGISTERED NUMBER: SC329065) |
Report of the Trustees |
for the Year Ended 31 October 2023 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Windmills Lanarkshire |
I report on the accounts for the year ended 31 October 2023 set out on pages five to twelve. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Ian S. Watson BA CA |
The Institute of Chartered Accountants of Scotland |
Watson & Co. |
Oakfield House |
378 Brandon Street |
Motherwell |
NORTH LANARKSHIRE |
ML1 1XA |
30 July 2024 |
WINDMILLS LANARKSHIRE |
Statement of Financial Activities |
for the Year Ended 31 October 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Investment income | 2 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) | ( |
) |
TOTAL FUNDS CARRIED FORWARD | ( |
) | ( |
) | (41,684 | ) |
WINDMILLS LANARKSHIRE (REGISTERED NUMBER: SC329065) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
FUNDS | 11 |
Unrestricted funds | ( |
) | (77,604 | ) |
Restricted funds | 35,920 |
TOTAL FUNDS | ( |
) | (41,684 | ) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Improvements to leasehold prop | - |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
2. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Interest receivable - trading | 50 | - |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Surplus on disposal of fixed assets | ( |
) |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Management | 1 | 1 |
Support staff | 9 | 9 |
At 31st August 2023 their were several staff redundancies reducing staff numbers from 10 to 4. |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 22,623 | (22,623 | ) | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 682 | 22,623 |
TOTAL FUNDS CARRIED FORWARD | (77,604 | ) | 35,920 | (41,684 | ) |
7. | TANGIBLE FIXED ASSETS |
Improvements |
to | Fixtures |
leasehold | and | Computer |
prop | Equipment | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2022 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Social security and other taxes |
Pension | 592 | 708 |
Accrued expenses |
10. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
11. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
1.11.22 | in funds | 31.10.23 |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | (77,604 | ) | 15,634 | (61,970 | ) |
Restricted funds |
VANL | 35,920 | (35,920 | ) | - |
TOTAL FUNDS | ( |
) | (20,286 | ) | (61,970 | ) |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 202,781 | (187,147 | ) | 15,634 |
Restricted funds |
VANL | - | (35,920 | ) | (35,920 | ) |
TOTAL FUNDS | ( |
) | (20,286 | ) |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
At | movement | between | At |
1.11.21 | in funds | funds | 31.10.22 |
£ | £ | £ | £ |
Unrestricted funds |
Unrestricted funds | 682 | (100,909 | ) | 22,623 | (77,604 | ) |
Restricted funds |
Restricted funds | 22,623 | - | (22,623 | ) | - |
VANL | - | 35,920 | - | 35,920 |
22,623 | 35,920 | (22,623 | ) | 35,920 |
TOTAL FUNDS | 23,305 | (64,989 | ) | - | (41,684 | ) |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 99,542 | (200,451 | ) | (100,909 | ) |
Restricted funds |
BBC Children In Need | 19,838 | (19,838 | ) | - |
VANL | 86,200 | (50,280 | ) | 35,920 |
106,038 | (70,118 | ) | 35,920 |
TOTAL FUNDS | 205,580 | (270,569 | ) | (64,989 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
At | movement | between | At |
1.11.21 | in funds | funds | 31.10.23 |
£ | £ | £ | £ |
Unrestricted funds |
Unrestricted funds | 682 | (85,275 | ) | 22,623 | (61,970 | ) |
Restricted funds |
Restricted funds | 22,623 | - | (22,623 | ) | - |
TOTAL FUNDS | 23,305 | (85,275 | ) | - | (61,970 | ) |
WINDMILLS LANARKSHIRE |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
11. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 302,323 | (387,598 | ) | (85,275 | ) |
Restricted funds |
BBC Children In Need | 19,838 | (19,838 | ) | - |
VANL | 86,200 | (86,200 | ) | - |
106,038 | (106,038 | ) | - |
TOTAL FUNDS | 408,361 | (493,636 | ) | (85,275 | ) |
12. | RELATED PARTY DISCLOSURES |