**Charity Registration No. 1016998** 

# **RECREATION AND EASY ACCESS FOR DISABLED YOUTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|**Trustees**|V Codrington|
|---|---|
||S Dilena|
||N Evans|
||C Herridge|
||D J Hill|
||G E Morgan|
||M Morgan|
||J Thomas|
||S Connor|
|**Charity number**|1016998|
|**Principal address**|Korus House|
||6-8 Colne Road|
||Twickenham|
||Middlesex|
||TW1 4JR|
|**Independent examiner**|Warner Wilde Limited|
||4 Marigold Drive|
||Bisley|
||Woking|
||Surrey|
||GU24 9SF|
|**Bankers**|NatWest - Walton-on-Thames|
||73 High Street|
||Walton - on - Thames|
||KT12 1DW|





## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|





## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **TRUSTEES' REPORT** 

## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

The trustees present their report and financial statements for the year ended 31 December 2020. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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** 

The charity's objects are to raise money to help young people with disabilities play sport and take part in healthy activities for fun and fitness. The charity is run entirely by volunteers. For over two decades the charity has helped hundreds of children, teenagers and young adults with grants for a variety of sports equipment, including racing wheelchairs, basketball wheelchairs, blind cricket equipment, access ramps, bespoke prosthetics, seated skis, team kits, racing gloves, specialist hearing aids, gym equipment, bicycles, swimming lessons, riding lessons, facilities and transport and ponies. The trustees are unanimously of the belief that the grants made by the charity have an often life-changing impact on the life and well-being of the beneficiary. 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. 

## **Achievements and performance** 

The year 2020 will now be remembered for the dark cloud which descended upon it in the form of a seemingly unstoppable and lethal virus. The trustees emerged from our first meeting of the year in 2020 knowing that there was a risk to holding our first fund raising event, the READY Golf Day at Fulwell Golf Club scheduled for April 2020, which inevitably was cancelled in response to the lockdown directives. 

Consequently, and for the remainder of the year, there was very limited activity in terms of fundraising and receiving grant applications. Also the Tokyo Paralympics 2020 were postponed, although thankfully rescheduled for 2021, where once again one could witness the success of some Paralympian friends of READY.  It is encouraging to report that since the end of 2020 the charity is returning to a semblance of normality in fund raising and responding to a gradually increasing flow of grant applications. Following a highly successful three-year association with Berkeley Homes Central London, having come to an end in 2019, it is the intention of the charity to explore some new associations for the future to regenerate a healthier flow of funding. It was also important during the ‘quiet’ year to address some administrative and management matters, not least to re-evaluate the governance and practices of the Charity.  As such, the trustees were conscious of regular guidance from the Charity Commission and as a result sought advice from a specialist who was subsequently instructed to update the Charity’s governing document as an amended trust filed with the Charity Commission in November 2020.  The trustees take the opportunity here to thank Mrs. Debbie Aplin, who as an esteemed and long-serving trustee has resigned. 

## **Financial review** 

At the balance sheet date the charity's reserves stood at £119,397 (2019:  £107,108). 

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at  £5,000.  The charity does not have any fixed costs so this level of reserves is considered sufficient. 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

- 1 - 



RECREATION AND EASY ACCESS FOR DISABLED YOUTH
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
structure, governancè and rnana9g￿t
The charity w85 fomed by a ¢Jedafath)n of trust dated 14 January 1993 a5 amentle(I by a dead execyjted 6
January 2005. 8$ 8mèThJèd by the d88d dated 16 November 2020.
The trustees during the ypar and up to th8 dat& of signature ofthe finaw81 slalemènts we￿.
D Aplin
{Res¥JI￿d 8 K4arth 2020)
V Codrington
S Dilena
N Evans
C Herridge
DJ Hill
G E Morgan
M Morgan
JThoma$
S Conn
Oetsils of mèthod of rnerultm•nt and appolntsmnt oftrust••s
On the nonmnation of an individual a prr)sp*cbve tnjstee the charÉty observe5 a systematic approa¢h for
tnjstees to review and conswjer the individual's personal Fwofik and carying oul any approk*iatè vedficatlons.
Du6 conslderation is given to the thlls and 8xpwj.ence Ihe indiv￿u8[ may contribute to the charity's work and
also in of maintainiNJ a balance and dNersity within the of trustees.
Dètalls of organlsatlonal structufe
Tho tharity has a straighllorward structure I￿1h a t*)aTd of trustees running the ¢harity wth the assistance ofa
Honorwy TreaSU￿r and a Hclwary Seryelaryvh)o prov¥Je their seTri¢e on an volvnt8ry baws.
Tha trustaas, report was approved by Ihe Board of Tnjstees.
S Dlhna
TnJstee
Dated..

RECREATION AND EASY ACCESS FOR DISABLED YOUTH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF RECREATION AND EASY ACCESS FOR DISABLEDYOUTH
I report to the trustees on my examination of the financial statements of Recreab"on and Easy Access for
Disabled Youth lthe ¢harityl for the year ended 31 Oecemter 2020.
Responslbilitios and basis of roport
A5 the trustees of the charity you are responsible for the preparation of the finaneial statements in
accordance with the requirements of the Charities A¢t 2011 lthe 2011 Act).
I report in respect of my examination of the charity's financtal statement$ carried out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145{5llb) of the 2011 Act.
Indepèndent examinerfs statsmènt
Your attention is drawn to the fact th* the charrty has prepared financial ststements in accordance vAth
Accounting and Reporting by Charities preparing their accounts In accA)rdance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and
Reporting by Charib"es'. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in
the extant regulations but has now been withdrawn.
l understand that this has been done in order for finanaal statements to provide a true and fair view in
accordance with Generally A¢¢epted Accounting Practt¢e effective for reporting periods beginning on or
after 1 January 2015.
I have completed my examination. l confirm that no matters have Come to my attention in connection Imth
the examination giving me cause to believe that in any material respect..
accounUng records were not kept in respect of the chanty as required by seth.on 130 of the 2011 Act.,
or
the financial st*ements do not accord those ￿￿r(l$". or
the financial ststements do not comply wth the applicable requirements conceming the fomi and
content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and frdir view vthich is not a matter conside￿d as part of an
independent examination.
I have no concerns and have come across no other mattets in connection with the examinats.on lo whith
attention should be drawn in this report in order to enable a proper understanding of the finanaal statements
lo be reached.
F J Wilde FCCA DChA
Wamer Wilde Limited
4 Marigold Drive
Bisley
Wokiny
Surrey
GU24 9SF
Dated..
Ll lo

## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2020**|2019|
||**Notes**|<br>**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|54,978|63,462|
|Investments|**4**|97|255|
|**Total income**||55,075|63,717|
|**Expenditure on:**||||
|Raising funds|**5**|637|6,430|
|Charitable activities|**6**|42,149|63,849|
|**Total resources expended**||42,786|70,279|
|**Net income/(expenditure) for the year/**||||
|**Net movement in funds**||12,289|(6,562)|
|Fund balances at 1 January 2020||107,108|113,670|
|**Fund balances at 31 December 2020**||119,397|107,108|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

- 4 - 



RECREATION AND EASY ACCESS FOR DISABLED YOUTH
BALANCE SHEEr
AS AT 31 DECEMBER 2020
2019
AS r•8tat4d
Curr•nt a8s•t•
Cash at bank ar¥J in hond
128.7Wd
118.981
Cre(kn: ￿9￿nI* f•lllng du• wlthln
on• y•ar
12
19.3051
111.8731
Net cvThent aS8ets
119.397
107.108
In¢om• lun<ts
Unr••tricted fund$
119,397
107,108
119.397
107.108
The fknenclal 8taten*nts w*r• aFvov¢d by th•TnJ8tee3 on
Oilono
Tw•t••

**RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

## **1 Accounting policies** 

## **Charity information** 

Recreation and Easy Access for Disabled Youth is a charitable trust. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charity's governing document,  the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102. 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling , which is the functional currency of the charity.  Monetary a mounts  in these financial statements are  rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees  continue  to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 

## **1.4 Income** 

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

- 6 - 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **1.5 Expenditure** 

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 

## **1.6 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently  measured at the cash or other consideration expected to be received and not discounted. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently  measured at the cash or other consideration expected to be paid and not discounted. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of  operations  from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured  at the cash or other consideration expected to be paid and not discounted. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 

## **2 Critical accounting estimates and judgements** 

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

- 7 - 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

## **3 Donations and legacies** 

||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2020**|2019|
||**£**|£|
|Donations and gifts|53,978|62,462|
|Donated goods and services|1,000|1,000|
|**Investments**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2020**|2019|
||**£**|£|
|Interest receivable|97|255|
|**Raising funds**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2020**|2019|
||**£**|£|
|Fundraising and publicity|||
|Other fundraising costs|637|6,430|
||637|6,430|



## **4 Investments** 

## **5 Raising funds** 

- 8 - 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

## **6 Charitable activities** 

|Grant funding of activities (see note 7)<br>Share of support costs (see note 8)<br>Share of governance costs (see note 8)<br>**Grants payable**<br>Grants to individuals|**2020**<br>**£**<br>37,805<br>1,752<br>2,592<br>42,149<br>**2020**<br>**£**<br>37,805<br>37,805|**2019**<br>**£**<br>57,528<br>2,289<br>4,032<br>63,849<br>**2019**<br>**£**<br>57,528<br>57,528|
|---|---|---|



## **7 Grants payable** 

## **8 Support costs** 

|**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>Office costs<br>752<br>-<br>Bookkeeping<br>1,000<br>-<br>Legal and professional<br>-<br>1,500<br>Independent<br>Examination fees<br>-<br>1,092<br>1,752<br>2,592<br>Analysed between<br>Charitable activities<br>1,752<br>2,592|**2020**<br>Support<br>costs<br>Governance<br>costs<br>**£**<br>£<br>£<br>752<br>1,289<br>-<br>1,000<br>1,000<br>-<br>1,500<br>-<br>2,964<br>1,092<br>-<br>1,068<br>4,344<br>2,289<br>4,032<br>4,344<br>2,289<br>4,032|2019<br>£<br>1,289<br>1,000<br>2,964<br>1,068<br>6,321<br>6,321|
|---|---|---|



Governance costs includes  an accrual for Independent examination fees of £ 1,092 (2019- £ 1,068 ). 

- 9 - 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

## **9 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 

## **10 Employees** 

There were no employees during the year. 

## **11 Equipment** 

The charity retains ownership of equipment (such as wheelchairs) provided to beneficiaries.  However, these items are not considered to have any ongoing value as they are made to the specific requirements of the individual and are therefore written off as an expense in the year of purchase. 

## **12 Creditors: amounts falling due within one year** 

|Other creditors<br>Accruals and deferred income|**2020**<br>**£**<br>7,145<br>2,160<br>9,305|**2019**<br>**£**<br>-<br>11,873<br>11,873|
|---|---|---|



## **13 Related party transactions** 

There were no disclosable related party transactions during the year (2019 - none). 

## **14 Prior period adjustment** 

## **Changes to the balance sheet** 

|**At 31 December 2019**<br>**As previously**<br>**reported**<br>**Adjustment**<br>**As**<br>**£**<br>**£**<br>**Creditors due within one year**<br>Other creditors<br>(2,112)<br>(9,761)<br>Capital funds<br>Income funds<br>Unrestricted funds<br>116,869<br>(9,761)<br>**Total equity**<br>116,869<br>(9,761)|**restated**<br>**£**<br>(11,873)<br>107,108<br>107,108|
|---|---|



- 10 - 



## **RECREATION AND EASY ACCESS FOR DISABLED YOUTH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ 

|**14**|**Prior period adjustment**||**(Continued)**|**(Continued)**|
|---|---|---|---|---|
|||**At 31**|**December 2019**||
|||**As previously**|**Adjustment**|**As restated**|
|||**reported**|||
|||**£**|**£**|**£**|
||**Changes to the profit and loss account**||||
|||**Period ended 31 December**||**2019**|
|||**As previously**|**Adjustment**|**As restated**|
|||**reported**|||
|||**£**|**£**|**£**|
||Charitable activities|54,088|9,761|63,849|
||||||
||Net movement in funds|3,199|(9,761)|(6,562)|



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