Charity registration number 1016998 RECREATION AND EASY ACCESS FOR DISABLED YOUTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
RECREATION AND EASY ACCESS FOR DISABLED YOUTH LEGAL AND ADMINISTRATIVE INFORMATION Trustees V Codrington S Dilena N Evans DJHill G E Morgan M Morgan S Connor D Campbell Charity number 1016998 Principal address Konjs House 6-8 Colne Road Twickenham Middlesex TW14JR Independent examiner Wamer Wilde Limited 4 Marigold Drive Bisley Woking SLJrrey 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 Independent examinerfs rewrt Statement of financial activities Balance sheet Notes to the financial statements 7-11
RECREATION AND EASY ACCESS FOR DISABLED YOUTH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present their annual report and financial statements for the year ended 31 Dember 2023. The financial statements have been prepared in accordance with the accounting policies set oul in note 1 lo the financial statements and comply with the charitys goveming document. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 1 January 20191". Obje¢tives and a¢tivities The charily's objecls 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 decades the charity has helped hundreds of children. teenagers and young adulls with grants for a variety of sports equipment. including racing wheelchairs, basketball wheelchairs. blind cricket equipmenl, access ramps, bespoke prosthetics, seated skis, team kils, racing gloves, specialisl hearing aids, gym equipment, bicycles, swimming lessons, riding lessons, facilities and transport and ponies. The Iruslees are unanimously of the belief that the granls made by the charity have an often life-changing imp8Ct on the life and well-being of the beneficiary. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perfomiance Significant activities arjd achieven7ents against objectives The year of 2023 has been a year of development and planning for the future at the charity Recreation and Easy Access for Disabled Youth.(REAdYI. The Strategic Plan formulated in the year of 2022 is slowly being implemented and with newly appointed Trustees to the board. has proved to be a positive step forward for the charity- I have continued in my role as Chairnian for the 2nd year. as part of the planned 3 year term in this position. I hope to spend the 3rd year transitioning to the fijture Chaiman. with the continuing support from the other Trustees for which l am graleful. The formal appoinlment of two new Trustees lo the board has added to the diversity of the charity. Nathan Graham. who had previously organised the 24hour Bikathon (as a volunteer) in support of REAdY was appointed as a trustee. Nathan works within the sport and leisure industy. owning his own personal training company and gym. Justine Herridge, daughter to Colin Herridge, a fomal founder Trustee of the charity was also appointed to Ihe board. With her background of freelance event management and an independent travel agent, Justine will be beneficial for future planning of ftjnd-raising events and bringing new ideas to the charity. We are looking fotward to 2024 with enthusiasml The Stralegic Plan has helped in spadIng the word about what we do and has assisted in expanding our grant applications coming from different sports. Over the year of 2023 we received 26 applications and awarded £13,883.10 in grants to disabled young people. The Colin Herridge Memorial lunch held in February 2023 helped educate and promote REAdY and was SLJPPOrted by sporting legends. This along with the Colin Herridge Memorial Golf Day at Fulwell Golf Club held on 6th April 2023, raised much needed funds for the charity. The golf day was an amazing event which was assisted by having had such great weather on the day and fantastic organisation by the golf club and the trustees. At the end of the year Fulwell Golf Club Captains announced Ihat Ihey had chosen REAdY as Iheir sponsored Charity for the year of 2024, for which we are highly appreciative. We are looking forward to working with them through 2024 and to build a legacy in promoting golf for disabled youngsters. I look forward to reporting on our progress on this in next year's report. Looking to the future, the charity is still aiming lo diversify in methods of fund raising, looking at sponsorship. and introducing new Patrons to the charity from differing sporting backgrounds. The cuent financial position is very stable wilh the balance sheet showing a healthy level of liquid cash available for awarding of grants at the balance sheel date and into the foreseeable future. As mentioned previously during 2023, 26 grants were awarded to young people amounting to a total of £32.645.50.
RECREATION AND EASY ACCESS FOR DISABLED YOUTH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The fulure of the charlty looks extremely healthy, and we are looking forward to fruifful and an exciting 2024. with the hope of broadening the Charity's wot1( and introducing new sports to disabled youngsters. The 2024 Para Olympic Games, where unusual sports are viewed, give inspiration to young people in knowing that they can achieve their dreams. Financial review Al the balance sheet date the charitys reserves stood at £106.211 {2022.' £99.527). Reserves policy It is the policy of the charity that unrestricled funds which have nol been designated for a specific use should be mainlained at a minitnum of £5,000. The charwty does not have any fixed cosls so this level of reserves is considered sufficient. Major risks 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. Structure, governance and management The charity was formed by a declaration of trust dated 14 January 1993 as amended by a deed executed 6 January 2005, as amended by the deed dated 16 November 2020. The Iruslees who served during the year and up to the date of signature of the financial statements were.- V Codrington S Dilena N Evans DJHill G E Morgan M Morgan S Connor D Campbell Details of method of recruitment and appointment of trustees On the nomination of an individual as a prospective trustee the charity obseNes a systematic approach for trustees to review and consider the individual's personal profile and carrying out any appropriate verifications. Due consideration is given to the skills and experience the individual may contribute to the chartty's work and also in terms of maintaining a balance and diversity within the board of trustees. Trustees and volunteers After giving over a decade of loyal service to REAdY it is with regret that I report the formal resignation of Mr. Jeff Thomas as a trustee. He has been instrumental in the organisation and continuity of the READY Charity Golf Day at Fulwell Golf Club every year. On behalf of the board of trustees I convey to Jeff my sinre gratilude and warmest wishes. It is with a heavy heart to Info of the sad passing of Colin Herridge on 28th February 2022. He was an esteemed trustee whose involvement with the charity dates back to its, inception in 1993. All trustees and volunteers extend their heartfelt sympathy to Colin's family. Details of organisational structure The charity has a straightforward structure with a board of trustees running the charity with the assistance of a Honorary Treasurer and a Honorary Secretary who provide their service on an voluntary basis.
RECREATION AND EASY ACCESS FOR DISABLED YOUTH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The tnjstees, report was approved by the Board of Trustees. Moi ra J Morgan (Oct 30, 20 M Morgan Trustee 18.24 GIIT) Date.. 3011012024
RECREATION AND EASY ACCESS FOR DISABLED YOUTH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RECREATION AND EASY ACCESS FOR DISABLED YOUTH report to the trustees on my examination of the financial statements of Recreation and Easy AsS for Disabled Youth {the charity) for the year ended 31 December 2023. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statemenls in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity's financial stalemenls 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 14515llbl of the 2011 Act. Independent examineT'S statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Pradice issued on 1 April 2005 which is referred to in the extant regulations but has now been wilhdrawn. understsnd that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting practi effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in SpeCt of the charity as required by section 130 of the 2011 Acl,. or the financial statements do not accord with those records- or Ihe financial statemenls do nol comply with the applicable requirements ¢x)nceming the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a tnje and fair view which is not a matter considered as part of an independent examination. I have no COnmS and have come across no other mallers in connection with Ihe examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. FJkJiU Frances Wi Ide Ioct 31, 2024 08:35 GMT) F J Wilde FCCA DChA Wamer Wilde Limited 4 Marigold Drive Bisley Woking Surrey GU24 9SF Dated.. 31 October 2024
RECREATION AND EASY ACCESS FOR DISABLED YOUTH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Income from: Donations and legacies Investments 29,849 1.423 32,015 244 Tolal income 31,272 32.259 Expenditure on: Raising funds Charitable activities 6,362 18,226 5,779 42.969 Total expenditure 24,588 48.748 Net incomel{expenditure) and movement in funds 6.684 116.489) Reconciliation of funds: Fund balances at 1 January 2023 99,527 116,016 Fund balances at 31 December 2023 106,211 99,527 The stalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
RECREATION AND EASY ACCESS FOR DISABLED YOUTH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Current assets Cash at bank and in hand 107,429 115,113 Creditors: amounls falling due within one year 12 (1.218) (15.5861 Net current assets 106.211 99.527 The funds of the ¢harlty Unrestricted funds 13 106.211 99.527 106.211 99.527 3011012024 The financial slatements were approved by the trustees on ......................... Moira J Morgan (Oct 30, 20 M Morgan Trustee 18:24 GMT)
RECREATION AND EASY ACCESS FOR DISABLED YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity inforniation Recreation and Easy Access for Disabled Youth is a charitable trust. 1.1 Accounting convention The financial statements have been prepared in accordan with the charivs goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 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 antl 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 lo in the Regulations bul which has Sin been withdrawn. The financial statements are prepared in steding, which is the functional currency of the charity. Monetary amounts 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 Ihe 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 subjecl to specific conditions by donors or grantors 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. Endowmenl funds are subject to specific conditions by donors that the capilal must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entiled to it after any perfomiance 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 On the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations reiVed under Grft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf 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.
RECREATION AND EASY ACCESS FOR DISABLED YOUTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised where it is more likely than not that Ihere is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainly. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wilh 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 payments 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 discounled. Trade credilors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified 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 charivs contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entiuement 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 temiinate the employment of an employee or to provide temination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policies, the tnjstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are nol 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 resulis may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.
RECREATION AND EASY ACCESS FOR DISABLED YOUTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income frorn donations and legacies Unrestricted funds 2023 Unrestricted funds 2022 Donations and gifts Donated goods and services 27,667 2,182 29.879 2,136 29.849 32,015 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest re1vable 1,423 244 Expenditure on raising funds Unrestrtcted Unrestricted funds funds 2023 2022 Fundraising and publicity other fundraising Costs 6,362 5,779 Expenditure on charitable activities Charitable activities Charitable activities 2023 2022 Direct costs Grant funding of adivities (see note 71 13,884 39.755 Share of support and governance costs (see note 8) Support Govemance 3,124 1,218 2.032 1.182 18,226 42.969 Analysis by fund Unreslricled funds 18,226 42,969
RECREATION AND EASY ACCESS FOR DISABLED YOUTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable 2023 2022 Grants to individuals 13,884 39,755 13,884 39,755 Support costs allocated to activities 2023 2022 Office costs Bookkeeping Sundry expenses Govemance cosls 1,908 1,000 216 1,218 616 1,000 416 1.182 4,342 3,214 Analysed between: Charitable activities 4,342 3.214 2023 2022 Governance costs comprise: Independent examination fee 1,218 1,182 1,218 1.182 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 10 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 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 Ihe specific requirements of the individual and are therefore wntten off as an expense in the year of purchase. 10-
RECREATION AND EASY ACCESS FOR DISABLED YOUTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals and deferred income 3,800 10.604 1,182 1,218 1,218 15,586 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are nol subject to specific conditions by donors and grantors as to how Ihey may be used. These include designated funds which have been set aside out of unrestricted funds by the Iruslees for spectfic purposes. At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 99.527 31,272 (24,5881 106,211 Previous year: At 1 January 2022 Incoming resources Resources expended At31 December 2022 General funds 116,016 32,259 {48,7481 99,527 14 Related party transactions There were no disclosable related party transactions during the year (2022 - none). 11