Ch•i1ty R•gl*tratlon N¢. 1086020 PROMISE DREAMS TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
PROMISE DREAMS LEGAL AND ADMINISTrATIVE INFORMATION J Dmovan J Donn8ly Swdk Charfty nrnr 11AeA)20 Ind•p•nd•nt •x•mln•r AGS Ac4))Lv*ants & Bun0&SAls Umltgd Unll 1 Cath Cwrt 2 Ca8Uyte Way DY DY14RH
PROMISE DREAMS CONTENTS Truslee8' JBlNt IrNJeF4ndent ex8rn1nerf8 Itwi StaI•ml of ffinBncKql ?thrbe8 B8nc* 8h881 NotsB to tha 8w)unts 8-10
PROMISE DREAMS TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEAIBER 2022 Th8 tSt pr8s8nl Ih81r repcxl a1 ]nts th8 yèar éThJed 31 2tr22. The a¢Unts havo Lw pr8par•J In acc8 thg )JMJntlng wAics sot out In not$ 110 th8 accounts 8nd comply th thE Twusi Deed, the CtBritiesAcl 1993 and Ihe Stateffent of Recommended Pr&dce.'AceountiThJ and RO[rbn9 by Charities", Bsued in Marth 2CM)5. 8tructur•. g0vornan and manao•nMrf Promls8 Dreams Is a nAllcm81 thlhJrnn'8 chorfty thal was launclwd In 2C4)1 to mako dreams om? tru¢ for $fjrbugly & tsmlnally ill chlk1rnn. aThJ th8¢r famli88. a(nJs8 th6 UK. The chaiity actepts appll(%tkns from chibjren aged O to 18 and whether Ihe chld woubj like ¥8 Jme away from hospitsl appointrnents & treatrnenl for a famly IK•l¥Jay, swa8.9t 8quikyynI to ansur& th& bost possibl& V8 of re are maintained al hom6 u evon thts carKo to meèl twr f8VOUrito cloknity whilè try 8kn1 ¢gn. Promlsg Dr¥arns 1$ cornm1tt to help. Many of lh• applcathJns by thartty am not for rt• thal the ¥vwo9e rgo WOLld a ¢r&am but fc*lhesa chldran. 8ThJ thelr famili88. 8omothlng a8 sSmpt& a$ laminato fl¢)oring can make a hugg djlterenco io every day of their h'le. TTagicaUy something that rnany ol these lamlll6s have 8 kn of 80 I8n9 a few SFwlg18mlles and craBting treBsur&Y memorfe618 whet Prorntse ()rnams * al att. Th8nk8 to Ihg h8r(1 work. p88sknn & 0n1h of Its SUPFyMws thè tharlty has ralsad ov8r 3.5 mlluon pound5 and nearty 2000 children have Seen ther dre8Th come Iwe. Tr ¢hihJren f¥miliBs that WB work with Are de81in9 th all the drflSrJJtttes, pr&88ure and Worri a%1&1ed wth sefiOUS Ilness. rt 18 essenlial thai pwde a seffte that is sensiliv8, rdbaNe, SPathe¢ and surportive of these clrcumstances. In organlslng dr8ams we operate wtth Mplete Integrlty and dgpondablity- ILalslng, coordinating, ganisIng. fvndiDg and rf necesBary &ccrynpanyir¥J- to ensure th81 lh8 ¢hUd h8B 8n unforgetsbjg gXP8rionco, and tsrThty share th• fv. W6 are very pNd lo repxl that 95% rA cyjr f8mllle8 rated LO at 1LThYh in th'llty to provlde our 88th8, baued upon ctrnpl•lOon ofquoBllonnalrns I0rj droom I Ihg trte88 ha¥t vdurtsered to 8taThJ behalf ofthg dwrlty.
PROMISE DREAMS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The board of trust8es rn88ts re08 and hs maln aThJ focJJseJJ on thè settllng ol poNcy. 8trategic dire(alon arKI onsurlng wod st8ward5hlp of r0¢04W. Chjlr'j For•wort1 2022 wa8 another dl1th year aThl the Charty rema1n Ick o¥w lust 1 FfE amploygd for much of the year. Now Charly M8nag•r was emYe0 Jarbuary 2022 c•) Ihe 5 maln them&8 a8 repYj Iwl ypar... 1. R8duclng th8 flx•d ctts of runnlng the tharty. 2. Gr8aler control over the variablo costs wsth ov8rshJht and IM8parancy. 3. 8roadgnin9 our fvndr8ising Ihrough volunt•8rs atwj ts)rP parb¥. 4. Stroamlining tyjr pr¢c&s¥w Ihrou9h improvgj IT and procadur66. 5. Buildin9 up our kvl nalional pce lo onc£Jurnge mm dream Overh88d costs havg Wn redu¢8(J slgnlficanty. Now wothg frorn fro8 So•d offlc8 {provlL1&I to US by on• of our ¢orpor¥le portr51, no rent or dectr• .13. We atso hm no phon¥ costs as thestr 8re cover•J by thg pmvldor. Greatsr awargnoss of the ha8 erKAxwag8d mcts cxffimunlty SUP[e[s and fundrablng hJJ 8lgnMcantty Incroa80d. We Are eontinuing lo tsperot* lo our Core obJedNes of evthrK4TrJ tr1 a8 of lh• mon•y don•tsd 91 po¥8ible goe8 to helplng the chlldron And thr I11•8. Part Jrne employee . Dream Cwdlnoty - ccfflYnenc4d 1st Novthmber 2022. Thls w• SranIJY lrnpr¢)ve dr8am QJmKA8tion for nsxt y¥ar. Th8 Tru8tO88 %th0 8•Ned dunno th& year W•... J Donov8n J Donnely S Walker (popolnij 13 JUary 2022)
PROMISE DREAMS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 wè are tsryanwl The Charity oparatgs throughoui the UK trorn Wofverh8Tryton. The tharity's )rk is rrid out by a manager, one part bme membef and re9Ldar tr inywL Tr wal ieam a reSpsItIe for Ihe gotr Utillsatic of resource and the hve of obpcfv across the OFeralKffla areas Dfr. Dream Fuifilrnent . Morketlng gnd Commni¢afjon¥ . FUndraIrj . FinanL 8nd 8¥nI81rth'on Our M188k ro cf¢ats $mllg8 and loy for Igmilndty and Ul dkIron and thdr f8m1169, by making tholr dT8am8 (xjm Our W9tr)n That ev twminalty or 68rlw81y 11 chlhj a1 th8lr slbjld hav8 tho OP[ttlty to hw• a dr•am d8llverBd by Prom1$8 Omms. Our Commitrnents To trè81 all ¢hlklrèn Br fn4189 wllh respec crn. rxry899th and nthy. The importance In rerAWi51llg everyone's value in the oryanisati lo fviri our mlsslon. To celebrate the conirtbutbn rnade by all who worL volunteer In and on hall of Promlse Dreams. Ill ¢ur SUPkK)rtWs ¥ThJ ijonors. Statamont of b8n•r The InJstee8 c¥Jnfirn that WJ ethd In accordance the publc benefit Wnce PLsbllshod by th• thartty ¢ommlsslon ol Englor•J and Wales. 1.Thor¢ mu8t be lJenUlbbl& ben8ftts'. Our purposè is to improv& the wdbeing of Ife limit8d cf lif8 debiliiatad childrnn and thalr lami&ès. th9h the r881Ssatlon of a dr8am. Wè T1v& gr8at tast1m and thank yws from th8 ¢hWdron. parents 8nd carern Involv8d vAth dr•am that wbstsnllat•s that 4 gr•t ard •xp•riw tras 0. 2.Ben&fft musl bè lo th& or 8•CthM OTr. The S8c8 thal prOJe 18 8v8llab to ou Ilfo Ilmrtfjd or Mlg dgblUt8ted thlklren and thelr famll88 aCry)85 th8 UK. Two unique Bspgcts of Ihg charity wg its lack of warting lists. •A)st applutbjns. m¢• complgtod 8rbJ presented for deush)ns, are confimwj wilhin one calondar monih. other Charit8 within th1$ sector cgrt have up lo twelve months walling Ists. se&Ity. the thaiity atso woths iih chilkn fn)m birth 10 iwo r$- a population vthl¢h lew. M any othei ¢h8rllles In osjr se(kn, are abbè to help and unfot1unatety a gr coh¢Jrt in p81118tiv• Ga Th18 rnoan8 we help fam18 WI 8knpty havB to kyi. In this financ¥al year, we have ffijlfflled drearns f chlMJfBn auoss every comer of thg UK Our charitable arAivities do not res1 in privale teneffts except where incKlenlal lo It activities for •x•mp thè pureha• of ooodÈ and **tA# in ordar to ftjlll A dr•am. Our Key O.9CbVeS Our key a¢hiev8ments arn to h84) make Ihè droams of wahfying thIran and th8ir f8milias (x)mè true through a welNn and tran¥Arent business mcrflel ¥Ich respecis the efforts of every fiJndrals&r by ks&plng operalitwJ costs Irw and mlnSmbsing any opporbjnty fcf these hard eamwj funds to be squarKlerEd.
PROMISE DREAMS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Flnanclal r•vl•w Thls y6ar we ralsed £248,850- an increase of £40.508 last year. 14% Increase In th8 number of dreams completed vthlch unfortunat8ty was dK13t by staff resounx. £70.782 w4$ corri lowd to 2023 to fijnd hjbjre dr•ar Re8erv The board's poh'cy Is to have cpttd adequacy 4lkuted in reserves. Risks Th• trustsos have conducbj a rev1 of Maj tsks to vA)lth fv ¢harlty Is wKed and hawa eman1 8tr8tsgbs to mltlgats th080 rfgk& Our Support81S Ery penny we speThJ 18 fir8t rnc•ivad 88 8 wull of th& ing8nuty and hard work of wr many donors and support&rs. Our h•artl•tt gr¥Jtud8 gXterKls to many of those wuLar donors and supportorn, that m8k8 such a dffteran to our financjal plannlryd grKI *AJmethwwJ w9 akn to knprove on, we connol do our worf¢ wtthout you and lor this Ihank you. We are 80 proud of our al ol supporter¥ a) fundralsor8 wlv) wrrk tJrn• lo rniB• lund8 for Proml 0ro8ms. overy penny rnally do68 make a dnTw•rK•. On beh8lf of th• oflwustou• 8 W•lk•r Trustee Datod.. 31 Juty 2023
PROMISE DREAMS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROMISE DREAMS I r8POrt on th& accounts ofthe chlty for the y8ar 8ThJ8d 31 DMb8r>)22. vthith ara s81 out on pages 6 to 10. RpaCtIVe rw)onBlbllltl•s of truBt••8 and •x•nl The charity's Iru8lees are restle for the prepardtion of th8 &counts. The chariV8 trustees conslder that an audlt is not require(I for this ygar uTrJer sectk)n 144121 of the Chaitses Act 2011 Ith& 2011 Act) and that an independent eyaminakn i¥J needed. It is my re5ponsiblty to.. 111 examine the accounts under 88cti(ffi 145 of the 2011 Ac( (lil to folbw the prc(edures laKI in the genefal Cl"reth"cms gfven by ts Ch8rity Commi38KM) uTh1er Section 14515llbl of th$ 2011 Ad- aTrJ 11111 to 81at• whoth8r partkxJ8r mattarn havo (¥)mo lo my att8nlon. Ba•1• tsf Indondn •xamln•rf• Yyrt My 6X8min81ion was c4rri&J out In 8cc(wdartt tho 9)81 Dkec¥oM gfvon by th8 Cttèrrty Cornm188ion. An xaminalion includès a roview ol the 8ccounbng records kept by Ihe charity and a compari60n ol the a¢counis presented wth those records. It pjso incbJd&8 cKle[atn of any nsu1 rtems or dl8dosures In the 8ecounls. and $8aklng axplanalbns frorn you as trust con¢8mlrwJ arry such mattgrs. Tho wo¢wJurgs undortak6n do not prolJe all th8 •vidanca that b& requ1j In an audlt and nsOOnt no opinlon 19 glv8n ay to whethor tho accounts proBont 8 Irue and fair W and the rOFKWt IB limito(I to lh m8tter8 8Ot out in th8 stst8mont Ind•p•ndent examln•rf• •tat•m•nt In o)nnoctlon wrth my exaTrn8th?n. no m8tt8r ha8 c(Kne to ttlIc.. 101 whlch 9Sve¥ mg rga#onoblg ¢•US¢ to belgvg Ih•t In any rn•tsri$l ro8PO¢t the reqLlrem?nt8'. 11) lo kagp 8nng r8cryd¥ In accrydan¢8 whh 130 01 th8 2011 Act., ar#J 1111 to proparo aount$ aco)rd tlth tha nIkn9 r8cud$ or#J Alh the oxounyng requlrements of the 2011 Act., have not been ft*L' c¢ Ib) to whl¢h, In my opinth. 8tt•nkn shId b• drwi In ryd•r to •nabl8 • prwr under8t8sWng of the accounts ¢0 be r•Oth. AGS Acixuntants & PAJ8ine88p4fvi83 Limited Unit 1 Ca8 Cwrt 2 Caslegats Way DUdY DY14RH D•r•d.' 31 Juty 2023
PROMISE DREAMS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Not•• ncomln r•8¢)ure Vduntsry kncomè Inv6stm•nt Incom• 131132 108 184,322 12 134,240 17.772 184.334 44.010 Incom• from Charltable actMde8 Total Inoomlnq r••our¢•• 202.012 208.344 Co8t$ of g•n•rallng fund• Fundra181rrfa and other sts a880datad wtth ggnergJrvJ o.g. Markelirwa, Event Expenditure 16.391 9.334 N•t Incomlng r•wUr¢ avallabl• 18&021 199.010 ¢harltsblo •¢tlvni Dlrect charKeble gxpeTrJlture 59,462 51,296 GOv•Man c¥)8ts 377 56,323 Tot•1 r•8OUrfj •xpended 131.230 116.953 N•t Incom• for lh• y••rl N•t mo¥wn•nt In fvnd• 70,782 91,391 Fund bdanc•s At 1 Januory 2022 17Q068 86,677 Fund lIn¢ *t 31 DK•mb•r 2022 24Q850 178,
PROMISE DREAMS BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 D9blors Ca8h at bank and In harwy 3.102 269.6TO 375 211,095 2n.772 211,470 Cr•dltorn'. amounts falllng ¢n• yo#r 123.9221 {33,4172) Total I•ts l•*• rr•nI Illblltl 248.850 178,068 Inc¢)m• lunds Unr•$trfct•d bjnds 178.008 248.850 178,068 The 8cc¥)unts wer6 8pwov•d by th& Triotoes on 31 Juty 2023 S Walker Tru•ts•
PROMISE DREAMS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢ountlng i>oll¢l 1.1 Ba* of pr•parthtlon Th8 fin8ndal $ts18m8nts arg pr¥p3r8d hO8torleal txjst (varon. The accounts have been prepered in ¥&ilh aFvlratle acoJuntyTrJ 8tsndar¢8, Ih8 Stalem6nt of Recommended Pr8cbce. 'AttJ)unting RwtirvJ by Charbll88", Su& in Marth 2CKJ5 and the Charitie8 Act 2011. 1.2 Incomlng mourc•• The income for tha charity r8Pfgsants ftrts donatsd and incom8 dOd from tha evonts organlsed lo promoto tho objocts of thg tharity. Thg ch8rty dKI ncrt hovo 8riy tr•JirvJ i1m9 durir4J the y88r. Donats"on8. In(le frn flon8tkJns 1$ Indud•J In Inc(rfnlng 7Atsn tsy oro rgcelvatlo. Ggnerat of funds.. I# frcm to g¢n8r8t• lund¥ o rwni•¢d at the point •cbknty o¢¢urd. 1.3 R•8ouru• •xp•nd•d The eharity accounts lor the exnditurè ejn dré8m8 al the pThI th• gd8¢xitin eunmittèè thè r8qu88t. All other expoTrJlluro 18 accountod for on an ac(¥ual8 ba8 IA Ca¥h Flow Statoment The charfty18 exempl und8r FSnarthl Stot8[rt 1, frrffi FKBP8rfng 8 stat8m8nt due to If$ 1.5 Fund a¢¢ountlng Unreslricied funds C8n be used in gcc(ffdarth the charilabS8 objecb¥e8 8t Ihe discr•lon of trust•O8. Ro8lricted fun(J8 can onty be used tolkiwU sIfiC restrKtim 8pecified by Ihe ¢JJnor. Voluntsry Incom• 2022 2021 Don¥Uon8 glfts 1¥132 164,322 InvMtm•nt Inc¢xn• 2022 2021 Irterest r8cgfvabl8 108 12
PROMISE DREAMS NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Evenl8 arbj Fur¥JrairyirMJ irh)JTh wKhJdiThJ Communths and Grnnts 67,772 44,010 Tot•1 r••our¢M •xldtt Totsl 2022 Total 2021 Cts ofgon•r•tlng fvnd• Fundraising and other costs ass¢xlaled w6th 98n9r8ting income e.g. Markebng, Event Exp&nditur 18.391 18,39t 9,334 Charltabh actlvlll•• ch AetNrfl85 undertaken diredly Sg,482 S•,462 51.296 Gov•manu co•ts 49378 51377 56.323 49378 81,gS2 131,230 116,953 Tru•t The trust¥e5 do draw any ernduworrt8 frorn the chanty. Employe•• Numb•r of•mployw• Th8 averag8 monthty nurthr of empbyo96 durfNJ t was: 2022 2021 Number Numb•r F1 timè 814ff Employm•nt ¢Mts 2021 Wages and sa18ri8S 49,548
PROMISE DREAMS NOTES TO THEACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 D•btorn 2022 2021 Other dotrknr8 3.102 375 Cr•dlt•r¥' •mounts f•lltrvJ du• Thlthln OM y••r 2022 2021 Trade creditors Taxes and social sawrity Cty Othar croditors Accru8 16.939 107 5,881 995 30,984 1,409 1,009 23,922 33.402 10-