THE EAST DURHAM EMPLOYABILITY TRUST

Charity number: 1153424
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Employability Trust aims to maximise the potential of young people and add value to industry by responsively developing skills and attitudes to match local industry needs. Through contracts with local organisations we offer NEETs vital practical work experience and training to build confidence and enhance skills with the aim of securing sustainable employment.

Income and expenditure

Data for financial year ending 31 January 2024

Total income:
£738,217

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £35.50k
Charitable activities £702.49k
Other trading activities £0
Investments £223
Other £0

Total expenditure:
£660,535

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £654.64k
Other £5.90k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £5.90k
Charitable expenditure £654.64k
Retained for future use £77.68k

People

12 Employee(s)

4 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Durham

Governance

Registration history:
  • 15 August 2013: Standard registration
Organisation type:
Charitable company
Other names:
  • THE EMPLOYABILITY TRUST (Working name)
Company number:
07746913 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

4 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sally Waterston Chair 06 January 2014
None on record
Sally Hancox Trustee 01 June 2020
None on record
Denis Ford Trustee 03 April 2017
None on record
MERYL LEVINGTON Trustee 05 August 2013
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/01/2020 31/01/2021 31/01/2022 31/01/2023 31/01/2024
Total gross income £601.61k £511.53k £518.73k £483.22k £738.22k
Total expenditure £577.69k £538.76k £506.79k £516.94k £660.54k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £17.25k £72.28k £52.57k £9.60k N/A
Income - Donations and legacies £31.03k £107.13k £84.89k N/A £35.50k
Income - Other trading activities £68.88k £0 £0 N/A £0
Income - Charitable activities £501.66k £404.39k £433.84k N/A £702.49k
Income - Endowments £0 £0 £0 N/A £0
Income - Investment £44 £13 £6 N/A £223
Income - Other £0 £0 £0 N/A £0
Income - Legacies £0 £0 £0 N/A £0
Expenditure - Charitable activities £571.75k £530.56k £496.77k N/A £654.64k
Expenditure - Raising funds £0 £0 £0 N/A £0
Expenditure - Governance £1.65k £1.65k £1.65k N/A £1.65k
Expenditure - Grants institution £0 £0 £0 N/A £0
Expenditure - Investment management £0 £0 £0 N/A £0
Expenditure - Other £5.94k £8.20k £10.02k N/A £5.90k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/01/2020 31/01/2021 31/01/2022 31/01/2023 31/01/2024
Own use assets £20.96k £8.14k £5.22k N/A £18.46k
Long-term investments £0 £0 £0 N/A £0
Other assets £181.42k £145.08k £190.42k N/A £344.18k
Defined benefit pension scheme asset or liability £0 £0 £0 N/A £0
Total liabilities £351.92k £330.00k £360.48k N/A £483.52k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 January 2024 27 November 2024 On Time
Accounts and TAR 31 January 2024 27 November 2024 On Time Download Open in new window
Annual return 31 January 2023 20 November 2023 On Time
Accounts and TAR 31 January 2023 20 November 2023 On Time Download Open in new window
Annual return 31 January 2022 23 November 2022 On Time
Accounts and TAR 31 January 2022 23 November 2022 On Time Download Open in new window
Annual return 31 January 2021 17 November 2021 On Time
Accounts and TAR 31 January 2021 17 November 2021 On Time Download Open in new window
Annual return 31 January 2020 27 September 2020 On Time
Accounts and TAR 31 January 2020 27 September 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 19/08/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/11/2011 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 16/03/2012

Charitable objects

THE CHARITY'S OBJECTS("OBJECTS")ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:4.1THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN SUCH WAYS AS MAY BE THOUGHT FIT,INCLUDING ASSISTANCE TO FIND EMPLOYMENT.4.2THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION,AND IN PARTICULAR IN EAST DURHAM,BY ALL OR ANY OF THE FOLLOWING MEANS:4.2.A THE ADVANCEMENT OF EDUCATION,TRAINING OR RETRAINING,PARTICULARLY AMONG UNEMPLOYED PEOPLE,AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE;4.2.B THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE,BUILDINGS,AND/OR LAND FOR USE ON FAVOURABLE TERMS;4.2.C THE PROVISION OF FINANCIAL ASSISTANCE,TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP:(I)IN SETTING UP THEIR OWN BUSINESS,OR(II)TO EXISTING BUSINESSES;4.2.D SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES.

Contact information

Address:
3 Palmer Road
South West Industrial Estate
Peterlee
SR8 2HU
Phone:
07590777213
Email:
success@theemployabilitytrust.com
Website:

http://www.theemployabilitytrust.com Open in new window