| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| PROGRESSABILITY.ORG |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| PROGRESSABILITY.ORG |
| PROGRESSABILITY.ORG |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 18 |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 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 August 2024. 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 |
| ProgressAbility.org (also known as A4S) was launched in September 2011. The main activity of the charity is running the A4S project, which offers outdoor skills development activities to fulfil the charitable objects of ProgressAbility.org, which are: |
| To facilitate training, mentoring, and counselling for individuals of all ages and backgrounds, including current and future leaders, both within the UK and internationally. The aim is to support their growth into mature individuals who contribute positively to society, grounded in strong moral values. |
| To enhance the availability of sports and leisure facilities for individuals in urban and rural communities who require such support due to their social and economic circumstances, thereby promoting health and wellbeing within a framework of solid moral principles. |
| Progressability.org is committed to transforming the lives of young people through tailored, positive learning experiences. Its mission is to help those who have faced challenges in various aspects of life academically, socially, or economically by fostering a sense of wellbeing and purpose that empowers them to pursue fulfilling lives. |
| The project achieves its goals by offering experiential learning activities designed to boost young people's self-esteem, confidence, skills, and qualifications, all of which are essential for their educational, transitional, or employment journeys. |
| In today's mainstream secondary education system, around 10-15% of young people consistently exhibit signs of underperformance. This disengaged demographic often becomes lost within the educational framework or may disengage to the extent of exclusion, leading to social marginalization. In such cases, Progressability.org strives to engage youngsters through personal, social, and educational skill development programs. The goal is to ignite a passion for learning and identify a constructive path towards further training, college, or employment. |
| Our ethos emphasizes the importance of providing experiential learning opportunities that cater to the strengths of young individuals aged 8-18, particularly those struggling within traditional classroom environments. Outdoor learning offers a reprieve from classroom pressures, allowing these youth to escape peer influences that may lead to negative behaviours. We have successfully supported students who find it challenging to distance themselves from destructive peer groups, where academic achievement is often viewed unfavourably. |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| OBJECTIVES AND ACTIVITIES |
| Significant activities |
| During the academic term, we collaborate with young people referred from schools, complementary education centres and social services. Each term time session typically lasts six hours and includes transportation to and from the sessions in our dedicated vehicles. These sessions are led by qualified coaches on a 1:1 or 1:2 basis, tailored to meet the individual needs of each student. Coaches provide daily reports on participants' progress and any challenges encountered. Personal Development Reviews (PDR's)are conducted to track advancement formally and identify specific areas requiring additional focus, providing valuable insights for referrers and stakeholders. |
| In the school holidays, we organize engaging skills workshops and fun activities. Our holiday programming includes a variety of options such as taster sessions, small group gatherings, and family-oriented events. |
| Students can participate in a wide array of activities, including but not limited to angling, estate maintenance, aquarium maintenance, cooking, arts and crafts, nature walks, carpentry, financial budgeting, healthy living, and employability skills development. We also emphasize teaching essential life skills to prepare students for adulthood. |
| ProgressAbility.Org is an accredited Gateway Qualification centre, offering credentials that enable students to advance in their educational journeys or enter the workforce or apprenticeship programs. Our qualifications span a range of Gateway programs offered over the duration of several weeks to an academic year. |
| General Qualifications |
| Gateway Qualifications, Level E3, Awards in Preparation for Employment (QCF) (6 credits) or Certificate in Preparation for Employment (15 credits). |
| Gateway Qualifications, Level 1, Improving Own Learning and Performance (QCF) (2 credits) Various units of the qualification below can be chosen by the student plus a selection of mandatory units. |
| Gateway Qualifications, Level 1, Award in Peer Mentoring (QCF) (4 credits) |
| Gateway Qualifications, Level E3, Award in Progression (3+ credits) or Certificate in progression (QCF) (15+credits) |
| Gateway Qualifications, Level 1, Award in progression (10-15 credits) (6+ credits) or Certificate in Progression (QCF) (25-30 sessions) (21+ credits) |
| Gateway Qualifications, Level 1, Certificate in Employability Skills (QCF) (13+ credits) |
| Angling |
| Gateway Qualifications, Level E3, Award in Progression (QCF) (6 credits). |
| This comprises of 2 units: The Angling Environmental (3 credits) and Developing Angling Skills (3 credits) |
| Aquarium Systems |
| OATA Certificate (Ornamental Aquatics Trade Association) units include: Water quality, Filtration, Fish biology and Fish health. |
| OATA Advanced Diploma (Ornamental Aquatics Trade Association) (City and Guilds) |
| Arts and Crafts |
| Gateway Qualification, Level 1, Award in Skills for Art and Design (Arts and Crafts) (7 credits) |
| Indoor and Outdoor cooking |
| Gateway Qualification, Level E3, Basic Cooking (QCF) (2 credits) |
| Carpentry |
| Gateway Qualification, Level 1, Award in Skills for Construction (QCF) (6 credits) |
| These qualifications aid students' progression, reinforcing our commitment to transforming their futures through education and personal development. |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| OBJECTIVES AND ACTIVITIES |
| Public benefit |
| The trustees have regard to Charity Commission guidance on public benefit in section 4 of the Charities Act. |
| ACHIEVEMENT AND PERFORMANCE |
| This year, our total number of individual sessions rose to 1863 from 1428 which supported 74 young people. This figure shows the continued growth and journey that Progressability.org is on as well as the demand for service such as our into the local community. |
| We continue to collaborate with numerous referrers but are placing a stronger emphasis on supporting students with more complex needs. Consequently, we have been providing one-on-one support to a greater number of students due to their specific requirements, with approximately 90% of our students receiving individualized attention. This focus on personalized support has understandably limited the overall number of students we can assist. |
| Several students concluded the year by achieving various qualifications, including: |
| Gateway Qualification, Level 1, Award in Skills for Construction (QCF) (6 credits) |
| Gateway Qualifications, Level 1, Improving Own Learning and Performance (3 credits) |
| Gateway Qualifications, Level 1, Award in Progression (3+ credits) |
| In addition to these qualifications, all attendees gained valuable personal and practical life skills that will support their future goals. |
| We continue to welcome new referrers, further expanding our reach. Our aim is to broaden the range of activities we offer so that more disadvantaged children and young people can engage in learning aligned |
| These achievements are a testament to the hard work, dedication, and expertise of our management team and staff, as well as the generous support from our funders. We extend our gratitude to all team members, acknowledging the contributions of those who have departed while welcoming new additions. We continue to fortify the organization's capacity and sustainability through the recruitment and development of staff. |
| FINANCIAL REVIEW |
| Principal funding sources |
| We record our appreciation and gratitude to the following organisations that provide funding to support the work of ProgressAbility.Org during the last financial year: |
| Rosmarinus Charitable trust |
| The Blunt Trust |
| Souter Charitable trust |
| Nichol-Young Foundation |
| The Joan Wilkinson Charitable trust |
| Maud Elkington Charitable Trust |
| R S Brownless Trust |
| Marks Trust |
| The Sydney Black Charitable Trust |
| Alchemy Foundation |
| Blunham Angling Club |
| The Neighbourly Charitable Trust |
| The squire Patton |
| Gale Family Trust |
| Reserves policy |
| The Trustees are committed to maintaining reserves at a level that can sufficiently cover potential losses or declines in long-term charity income, with a review conducted at least annually. Currently, this reserve is set at £55,000 to cover staff salaries and short-term overheads. We also have a £20,000 bank overdraft facility from NatWest Bank to manage any temporary cash flow deficits. |
| Total funds at the end of the year amounted to £73,142 (2023: £72,977) of which £70,832 (2023: £68,197) is unrestricted and £2,310 (2023 £4,780) is restricted. Of the £70,832 (2023: £68,197) unrestricted funds £ 27,232 (2023: £30,174) would only be realisable on the disposal of tangible fixed assets at their current net book value. |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FINANCIAL REVIEW |
| Going concern |
| The Trustees have indicated an uncertainty around the amount of grants that will be available and received during the next financial year. We continue to address this uncertainty by having a dedicated fundraiser who will target grants depending on the need of the charity at the time. This has proven successful in previous years and although uncertain we are confident that the funds will again be available to mainstream charities. |
| Material uncertainties continue to exist around ongoing referral income. Services for September are not confirmed until late in the academic year (June - July) or even the beginning of the new one (September), creating this uncertainty. We continue to mitigate this by ensuring that our relationships with our key referrers stays strong and adaptable to their student's needs. We have a marketing plan in place to attract potential new referrers which continues to be successful. Our fundraising activities continue to target areas where we require support either for new projects of to maintain existing ones. We also continue to diversify and adapt our project taking on board both student and referrer feedback. We have increased our geographical area allowing us to offer our services to student that would normal be out of reach for our coaches. We have also incorporated a Positive steps programme, designed for female students, to help us reach this area of the community. These areas, linked with the ever-increasing demand for alternative provisions, like ours, for students, and an increased coaching staff level, helps us to be confident that this will not impact us over the next financial year. |
| As of September 2024 we had again received a high number of referrals and are fully operational supporting the local community as well as students from further afield. |
| The trustees are therefore confident that strategies are in place to justify their opinion that the charity is able to continue as a going concern. |
| FUTURE PLANS |
| Our vision for A4S is to maintain a robust, sustainable, and adaptable project that is recognised as a leading provider in transforming the lives of young individuals. We aim to empower them with confidence, skills, and hope through enriching experiences and positive role models. |
| Our strategy focuses on achieving steady, incremental growth built on the solid foundations we have established and our unique approach. We prioritize dedicating our resources, both time and funding toward preserving the quality of our current offerings and supporting our dedicated staff. |
| We have also recently obtained our own lake on a rental agreement. We plan to enhance this area to enable us to offer further support to our students. This will be an ongoing project and utilise our staff, students and the community to make it a diverse and inviting addition to Progressability. |
| Our growth strategy will primarily rely on increasing the number of students from our existing referring partners and extending our range of courses to new referrers. Additionally, we plan to increase our coaching staff in the upcoming financial year. We will also develop new courses through the gradual enhancement of our existing offerings. While we welcome new opportunities that complement our current activities or help us optimize our overheads, any initiatives pursued will be carefully evaluated to ensure they do not divert time or funds from our established charity, thus minimizing potential risks. |
| 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. |
| Recruitment, appointment and induction of new trustees |
| The charity requires a minimum number of three trustees who are required to retire by rotation every three years subject to the quorum being retained. Trustees can be re-elected, and new trustees appointed, at trustee meetings based on the majority vote of all trustees present. We advertise for new trustees using local community voluntary service as well as word of mouth and recommendations of an existing trustee. New trustees are provided with a trustee induction pack and a briefing on their specific roles and responsibilities as trustees. Trustees confirm and sign a form on trustee eligibility annually at the AGM. |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Organisational structure |
| The charity's operations are controlled from, and its records and accounts maintained in, its office in Barkers Lane, Bedford. |
| The trustees hold monthly working meetings as well as the formal quarterly meetings to consider all aspects of the charity's activities and to monitor progress against the charity's plans. Trustees also ensure that required policies and procedures are in place. |
| The trustees delegate day to day running of the charity to a management team, comprising of a full time Operations Manager, a full time Project and Coach Support Manager and a Part time HR and Safeguarding Manager. The charity outsources maintenance of its IT infrastructure to JustComputers in Kempston. |
| The Operations Manager reports weekly to the trustees keeping them up to date with current activities and issues occurring. |
| Monthly management meetings are held to co-ordinate the day to day activities of the charity. These are attended by the Chair of Trustees and the Officers. Activities are delivered by qualified coaches under the supervision of the Project Manager and the Coaches Team Leader. Annual workshops are held with advisers and staff to consider the future direction, priorities and actions to develop the work of the charity. Three training days are held per year, attended by all staff, with trustees and advisers invited to attend. |
| The trustees have established an Education Committee, including the main referrers that we work with, to advise the trustees and staff on the educational needs of the young people we work with and future developments. This meets regularly every term and is providing valuable input to trustees decisions on the future direction and priorities of the charity. |
| Risk management |
| The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risk assessments are in place for all activities delivered by the charity. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| Catherine Brown FCA |
| Wright Connections Limited |
| Bedford I-Lab |
| Priory Business Park |
| Stannard Way |
| Bedford |
| Bedfordshire |
| MK44 3RZ |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Bankers |
| Bedford |
| MK40 1ND |
| Operations Manager |
| Graham Wilson |
| 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 |
| PROGRESSABILITY.ORG |
| Independent examiner's report to the trustees of Progressability.Org ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| Catherine Brown FCA |
| The Institute of Chartered Accountants in England and Wales |
| Wright Connections Limited |
| Bedford I-Lab |
| Priory Business Park |
| Stannard Way |
| Bedford |
| Bedfordshire |
| MK44 3RZ |
| 21 May 2025 |
| PROGRESSABILITY.ORG |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 31.8.24 | 31.8.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities | 4 |
| Investment income | 3 |
| Other income | 5 |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities | 6 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| Transfers between funds | 15 | 1,585 | (1,585 | ) | - | - |
| Net movement in funds | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 72,977 |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 31.8.24 | 31.8.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 12 |
| CURRENT ASSETS |
| Debtors | 13 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 15 |
| Unrestricted funds | 68,197 |
| Restricted funds | 4,780 |
| TOTAL FUNDS | 72,977 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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. |
| PROGRESSABILITY.ORG (REGISTERED NUMBER: 07678748) |
| BALANCE SHEET - continued |
| 31 AUGUST 2024 |
| 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 |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 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. |
| Whilst the nature of operations gives rise to material uncertainties regarding funding from one academic year to the next and continued grant funding the trustees believe they have adopted strategies to mitigate these uncertainties. The financial statements are therefore prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| General information |
| The charity is a private limited company (incorporated in England and Wales) limited by guarantee, as defined by the Companies Act 2006. The charity's operations are controlled from, and its records and accounts maintained in, its registered office in 129A Barkers Lane, Bedford. |
| The nature of the charity's operations and principal activities are described in the Report of the Trustees. |
| 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. |
| For donations to be recognised the charity will have been notified of the amounts and the settlement date in |
| writing. |
| Income from grants is recognised at fair value when the charity has entitlement after any performance |
| conditions have been met, it is probable that the income will be received and the amount can be measured reliably. Where grants are payable in more than one year income is only recognised in the year to which it relates. If entitlement is not met then these amounts are deferred. |
| Grants received from both central and local government are recognised at fair value on an accrual model once entitlement has been established. |
| Income from sessional fees is recognised when the responsibility to provide those sessions has been fulfilled. |
| 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 property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Assets whose purchase costs exceeds £250 are capitalised which includes those bought for specific projects. Where assets are acquired with grant funding they are depreciated on a straight line basis over the same period as the grant monies cover. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The charitable company makes contributions to employees' defined contribution pension plans. These are charged to the Statement of Financial Activities in the period to which they relate. |
| Donated goods and services |
| Donated goods services are recognised in income at their fair value only when their economic benefit is probable, it can be measured reliably and the charity has control over the item. |
| Debtors and creditors receivable/payable within 1 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 impairment are recognised in expenditure. |
| Judgements |
| No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies. |
| 2. | DONATIONS AND LEGACIES |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Donations |
| Grants |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 3. | INVESTMENT INCOME |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank interest received | 444 | 316 |
| 4. | INCOME FROM CHARITABLE ACTIVITIES |
| 31.8.24 | 31.8.23 |
| Activity | £ | £ |
| Course and session fees | Skills development | 413,056 | 312,076 |
| Grants for specific educational projects |
Skills development |
3,580 |
31,450 |
| 5. | OTHER INCOME |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Gain on sale of tangible fixed assets | - | 400 |
| 6. | CHARITABLE ACTIVITIES COSTS |
| Support |
| Direct | costs (see |
| Costs | note 7) | Totals |
| £ | £ | £ |
| Skills development | 424,952 | 3,825 | 428,777 |
| 7. | SUPPORT COSTS |
| Governance |
| costs |
| £ |
| Skills development | 3,825 |
| 8. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Independent Examiner's fee | 1,200 | 1,200 |
| Independent Examiner's other | 2,625 | 2,444 |
| Depreciation - owned assets |
| Other operating leases | 3,853 | 3,260 |
| Surplus on disposal of fixed assets | ( |
) |
| Payments to defined contribution pension schemes | 10,451 | 8,632 |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 9. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| 10. | STAFF COSTS |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| 331,439 | 281,213 |
| The average monthly number of employees during the year was as follows: |
| 31.8.24 | 31.8.23 |
| Angling4Success | 10 | 10 |
| Administration | 3 | 3 |
| In the year to 31 August 2024 the above costs are net of a total of £8,119 (2023: Nil) which has been capitalised. See Note 12 for further details. A split of the costs are as follows: |
| Wages and salaries | £6,834 |
| Social security costs | £943 |
| Other pension costs | £342 |
| Total remuneration paid to key management for the year ended 31 August 2024 amounted to £98,505 (2023 £86,920). |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Investment income |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| Transfers between funds | 11,507 | (11,507 | ) | - |
| Net movement in funds | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 40,780 | 53,946 |
| TOTAL FUNDS CARRIED FORWARD | 68,197 | 4,780 | 72,977 |
| 12. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 12. | TANGIBLE FIXED ASSETS - continued |
| During the summer we were able to further enhance the Progressability.org building and outside lake area. The building was subject to some internal changes, meaning we were able to build a new classroom within it to further support students. The lake area that we rent was also enhanced to make it safe and amenable to our students, as well as getting it to a stage where in September they would be able to fully utilise the area. Both enhancements were only possible by completing the work ourselves and therefore capitalising the labour costs of the employees who worked on the projects. Both projects were completed in a timely manner ready for the new academic year. |
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 15. | MOVEMENT IN FUNDS |
| Net | Transfers |
| movement | between | At |
| At 1.9.23 | in funds | funds | 31.8.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 68,197 | 1,050 | 1,585 | 70,832 |
| Restricted funds |
| Asset purchase and maintenance | 1,973 | (280 | ) | (1,585 | ) | 108 |
| PPE Equipment | 2,807 | (605 | ) | - | 2,202 |
| (885 | ) | ( |
) |
| TOTAL FUNDS | 165 | 73,142 |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 15. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 429,414 | (428,364 | ) | 1,050 |
| Restricted funds |
| Asset purchase and maintenance | - | (280 | ) | (280 | ) |
| PPE Equipment | 250 | (855 | ) | (605 | ) |
| Positive steps programme | 3,330 | (3,330 | ) | - |
| ( |
) | (885 | ) |
| TOTAL FUNDS | ( |
) | 165 |
| Comparatives for movement in funds |
| Net | Transfers |
| movement | between | At |
| At 1.9.22 | in funds | funds | 31.8.23 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 40,780 | 15,910 | 11,507 | 68,197 |
| Restricted funds |
| Angling activities | 3,949 | 4,571 | (8,520 | ) | - |
| Asset purchase and maintenance | 5,000 | (40 | ) | (2,987 | ) | 1,973 |
| Milton Keynes youth projects | 33,544 | (33,544 | ) | - | - |
| PPE Equipment | 3,015 | (208 | ) | - | 2,807 |
| Positive steps programme | 8,438 | (8,438 | ) | - | - |
| 53,946 | (37,659 | ) | (11,507 | ) | 4,780 |
| TOTAL FUNDS | 94,726 | (21,749 | ) | - | 72,977 |
| PROGRESSABILITY.ORG |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 15. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 340,802 | (324,892 | ) | 15,910 |
| Restricted funds |
| Angling activities | 8,500 | (3,929 | ) | 4,571 |
| Asset purchase and maintenance | - | (40 | ) | (40 | ) |
| Milton Keynes youth projects | 3,000 | (36,544 | ) | (33,544 | ) |
| PPE Equipment | - | (208 | ) | (208 | ) |
| Positive steps programme | 19,950 | (28,388 | ) | (8,438 | ) |
| 31,450 | (69,109 | ) | (37,659 | ) |
| TOTAL FUNDS | 372,252 | (394,001 | ) | (21,749 | ) |
| The individual restricted funds have been set up to ensure that expenditure against grants given for restricted purposes can be monitored and recorded in accordance with any conditions imposed by the donor(s). The name of the funds are descriptive of the restrictions imposed by the donor. |
| Transfers between funds |
| The transfers from restricted funds to general funds are done when the conditions of the restricted grants have been met and/or there is no obligation to repay any surplus monies back. |
| 16. | RELATED PARTY DISCLOSURES |