Charity registration number 1016998
RECREATION AND EASY ACCESS FOR DISABLED YOUTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
RECREATION AND EASY ACCESS FOR DISABLED YOUTH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees V Codrington S Dilena N Evans D J Hill G E Morgan M Morgan S Connor D Campbell (Appointed 18 January 2022) L Clancy (Appointed 18 January 2022) Charity number 1016998 Principal address Korus House 6-8 Colne Road Twickenham Middlesex TW1 4JR Accountants 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 |
| Accountants' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
RECREATION AND EASY ACCESS FOR DISABLED YOUTH
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
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 2021 was an extremely quiet year for the charity due to the ongoing Covid-19 pandemic and resulting periods of lock-down for the nation. During the entire accounting year the charity received only 4 applications for grants and awarded a total of £5,406 from those grants. The closing of the three year term of support from Berkeley Homes support was keenly felt in terms of income, although its’ full impact was alleviated by having occurred prior to the pandemic.
Despite having to postpone the annual READY Charity Golf Day previously scheduled for April 2022 the charity managed to successfully re-organise the event in September 2022. Once again it was a great success with total funds raised in excess of £7,000, thanks to the continued support of so many loyal friends of the charity, Jeff Thomas (trustee) as principle organiser and Fulwell Golf Club.
In view of the evident need for READY to engage more proactively with all third parties the Trustees will be reviewing all aspects of the charity’s operation and activities with the intention of preparing a formal plan in 2022. The key areas to be addressed will include: raising awareness of the charity by using social media more effectively; improving how the charity connects and engages with potential beneficiaries; assessing and monitoring new opportunities for fundraising and recruiting new trustees and volunteers from a more diverse background to help the charity move forward.
READY is now very much looking forward to the future as we emerge from the period of pandemic.
Financial review
At the balance sheet date the charity's reserves stood at £116,016 (2020: £119,397).
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.
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Struciure, govemanee and managèment The charity was lornied by a Iledaration ofttust da1 14 January 1993 amgnded by a d88d executed 6 Jarnjary 2005, as amended by the de&J dated 16 Novemb8f 2020. The trustees who served duriThJ the year and up to thè dale of signattwe ofthe financial statements were.. V Codrington S Dilena N Evans C Herrge DJHill G E Morgan M Morgan J Thomas S Connor D Campbèll L Clancy (DaSed 28 Fabruary 2022} (R8gnl 26 ()xotM 2021) {Apinted 18 January 20221 IApFQinted 18 January 20221 O•talls of method of r•¢ruitrnent and appointment of tvust•es On the nomination of an Individual as a prospective trustee the chartty obseTve5 a syZteMat Èpproach ft>r trustees to review and consKler the individual's pwsonal profile a1 rryIng oul any apptopriate ver1rt)ns. Due consideration is given to Ihe skills and experience th8 indivKlual may contribute to the tharty's work and a180 in tems of maintaining a balance and diver5rty wrth]'n the board of trustees. Truslees and volunteers After giwng over a decade of ktryal servKe to READY rt k8 regret that I report the formal resignab.on ol Mr. Jeff Thomas as a trustee. He has been iStruments1 the organi%8tion and continuty of the READY Charity Golf D8y at Fulwell Golf Club every year. On behalf of the board of tnjstees I convey to Jeff my sinre gratitude and wamèst wlshes. At the time of wnting the Tmstees Report tt is ilh a heavy heart to trrform of sad passing of Colin Herridge on 28th February 2022. He was an esteemed tnjstee vth)se invdvèment vth the charity dates bad( to its, nception in 1993. AJI trustees and vcAunteers exiend their heartlelt sympathy to Colin's family. Detsils of organisational $tructure The eharty has a straightfoMard strudure wth a board of tnjstees running the charity with the assistance of a Honorary Treasurer and a HorKK8ry Secrelary 7•kn pro¥id8 Ih8ir service on an voluntary bas1S. The trusleès, report Was approved by the Board of TrLtstee& S Dilena Trustee Dated..
RECREATION AND EASY ACCESS FOR DISABLED YOUTH CHARTERED CERTIFIED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RECREATION AND EASY ACCESS FOR DISABLED YOUTH FOR THE YEAR ENDED 31 DECEMBER 2021 In order to 8sslst you to fuini your duties under the Ch8rille5 AL* 2011. we have prepar for your approv81 the flnandal stslemonts of Re¢reatlon and Easy A$$ for Disabw YoLrth for tho year andad 31 Dgc•mbgr 2021. which comprise the statement of ffinanciai 3(aivities and the reJ•tsd t$S Irom th& ¢hanty'$ ac¢ounting records and Irom Inf0mtiOn and explanatlons Y have gNen us. As a practising member finn of the Assoc4knn ol Chartered Cerlified Accwntsrts, we are subS9rt to it8 olhlcal and other professlonal requlrements wNch are detdled at hltysJfvnYw.gccagbbal.coftVgblonlnwib8r18t8ndard81 rulas-and-standardslrulebookhtml. ThSs report Is made lo the charW8 truste88, a8 8 bcdy. In 8ccNdanc8 wtth tho lems of our engggemgnt18ttar. Our work ha$ been undartaken solely to prepare for your approval the financial statsm8nts of Recrnation and Easy Attes8 for Dlsabled Youth and State those matters that w$ have agrggd to state to the charity's trustees, as body, In th18 r8PWt in accordance with Ihe reqUireMts ol the Assod8tton of Chartgrgd Carllfiad AccLJuntants as deialled at httpSJh.aCCag1ob.Com1conlenudam1AccA_GlObaIrreni¢avl#¢Uto¢hnIca1-faciShO&t-163.pdf. To the fvllesl extent pennltted by Law, we do not accept or assume re4)onslbS11ty lo anyone oth&r than Recro8Uon and EasyAcc8ss for Dlsabled Youth aThJ Ihe trustse8 as a boty. for our work or for thls reptsrt. 11 Is your duty lo •n8ure that R•crooUon and Easy Acc888 for DI88bd Ycxrth ha8 kept adoquale #ceounlno records and lo prepare $tslulory finanod slalomonls Ihal a truè and fair eW of th8 ass8ts. liabilities, flnanclal position and deflcit of Recreation and Easy Access for DIgabl Youlh. You con$id&r that Re¢reatlon and E88y Access for Dlsab18d Youth Is •x8mpt from Ihe sta audR requlremenl for Iha y88r, and 18 not requlred to obtdn an Ind9d0Th1 axamin•l8 ro We have not been Instructed to cary out an audrt w a reOW of tho flnanclal $lal¥monls of Recroatlon and Ea$y Access for txsabled Youth. Fcf Ihls reason. we have not verffied the accuraw or completene$$ ol the accounting ¢03 or infomiatton and 8xpl8natlons you have gNen to U8 and wo do not, therefore, express any oplnion on tho Statutory flnaral Statoments. F J Wlldo FCCA DChA Wamer Wllde Llmtttd 190 4 Marfgokl Cvlve Bi518y Woking Surrey GU24 9SF
RECREATION AND EASY ACCESS FOR DISABLED YOUTH
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| Notes | £ |
£ | |
| Income from: | |||
| Donations and legacies | 3 | 13,920 | 54,978 |
| Investments | 4 | 12 | 97 |
| Total income | 13,932 | 55,075 | |
| Expenditure on: | |||
| Raising funds | 5 | 3,852 | 637 |
| Charitable activities | 6 | 13,461 | 42,149 |
| Total expenditure | 17,313 | 42,786 | |
| Net (expenditure)/income for the year/ | |||
| Net movement in funds | (3,381) | 12,289 | |
| Fund balances at 1 January 2021 | 119,397 | 107,108 | |
| Fund balances at 31 December 2021 | 116,016 | 119,397 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH BALANCE SHEET AS A T 31 DECEMBER 2021 2021 2020 Curr•nt assets Cash at bank and in hand 120,466 128.702 Credltors: amounts falllng due wlthln one year 14,450) 19.30S} Nèt ¢urrent assèts 116.016 119.397 In¢ome fvnds UnstriCted ftjnds 116.016 119,397 116,016 119.397 Th8 financial statements were apwov*l by the TrLIst . li/,,/ S Dilena Trustee
RECREATION AND EASY ACCESS FOR DISABLED YOUTH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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.
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | 10,560 | 53,978 |
| Donated goods and services | 3,360 | 1,000 |
| Investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Interest receivable | 12 | 97 |
| Raising funds | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 3,852 | 637 |
| 3,852 | 637 |
4 Investments
5 Raising funds
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
6 Charitable activities
| Grant funding of activities (see note 7) Share of support costs (see note 8) Share of governance costs (see note 8) Grants payable Grants to individuals |
2021 £ 10,014 2,511 936 13,461 2021 £ 10,014 10,014 |
2020 £ 37,805 1,752 2,592 42,149 2020 £ 37,805 37,805 |
|---|---|---|
7 Grants payable
8 Support costs
| Support costs Governance costs £ £ Office costs 1,095 - Bookkeeping 1,000 - Sundry expenses 416 - Legal and professional - - Independent Examination fees - 936 2,511 936 Analysed between Charitable activities 2,511 936 |
2021 Support costs Governance costs £ £ £ 1,095 752 - 1,000 1,000 - 416 - - - - 1,500 936 - 1,092 3,447 1,752 2,592 3,447 1,752 2,592 |
2020 £ 752 1,000 - 1,500 1,092 4,344 4,344 |
|---|---|---|
Governance costs includes an accrual for accounts preparation fees of £ 936 (2020- £ 1,092, which included accounts preparation and Independent Examination ).
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RECREATION AND EASY ACCESS FOR DISABLED YOUTH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 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.
11 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2021 £ 3,514 936 4,450 |
2020 £ 7,145 2,160 9,305 |
|---|---|---|
12 Related party transactions
There were no disclosable related party transactions during the year (2020 - none) .
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