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2024-03-31-accounts

Activities 115

Charity No. 1091223

Company No. 04104081

Trustees' Report and Unaudited Accounts

31 March 2024

Activities 115

Contents

Pages
Trustees' Annual Report 2
IndependentExaminer'sReport 3
Statementof FinancialActivitiesSummary 4
Income and Expenditure Account 5
Balance Sheet 6
Notes to theAccounts 7 to 16
DetailedStatementof FinancialActivities 17 to 18

Activities 115

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 04104081 Charity No. 1091223 Registered Office 41 Houndiscombe Road Plymouth Devon PL4 6EX

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: J.A. Buckley L. G. Buckley S.L. Dennis J.D. Stubbs E Gyde-Candy

Accountants

Ivybridge Accountants Ltd 41 Houndiscombe Road Plymouth Devon PL4 6EX

The Trustees are responsible for keeping proper accounKng records that disclose with reasonable accuracy at any Kme the financial posiKon of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevenKon and detecKon of fraud and other irregulariKes.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the ChariKes SORP (FRS 102).

Signed on behalf of the board

J.D. Stubbs Trustee

Activities 115

Independent Examiners Report

Independent Examiner's Report to the trustees of Activities 115

I report to the charity trustees on my examination of the financial statements of Activities 115 for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparaKon of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.)

statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinaKon, I report in respect of my examinaKon of your charity's financial statements as carried out under secKon 145 of the ChariKes Act 2011 ('the 2011 Act'). In carrying out my examinaKon I have followed the DirecKons given by the Charity Commission under secKon 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Ivybridge Accountants Ltd

41 Houndiscombe Road Plymouth Devon PL4 6EX

Activities 115

Statement of Financial AcGviGes

for the year ended 31 March 2024

Unrestricted Total
Funds Restricted Funds Total Funds Funds
2024 2024 2024 2023
Notes £ £ £ £
Income and endowments
from:
Donations and legacies 4 - - - 3
Charitable activities 5 14,794 - 14,794 5,417
Investments 6 18,258 - 18,258 11,993
Other 7 - 26
Total 33,052 - 33,052 17,439
Expenditure on:
Raising funds 8 - - - 2,801
Charitable donations 9 25,860 2,090 27,950 33,995
Other 10 30,917 - 30,917 35,032
Total 56,777 2,090 58,867 71,828
Net (losses)/gains on
investments 66,063 - 66,063 (44,115)
Net Expenditure 11 42,338 (2,090) 40,248 (98,504)
Transfers between funds - - - -
Net expenditure before
other gains/(losses) 42,338 (2,090) 40,248 (98,504)
Other gains and losses - - - -
Net movement in funds 42,338 (2,090) 40,248 (98,504)
Reconciliation of funds:
Total funds brought forward 1,359,837 6,835 1,366,672 1,465,176
Total funds carried forward 1,402,175 4,745 1,406,920 1,366,672

Activities 115

Summary Income and Expenditure Account

for the year ended 31 March 2024

2024 2023
Notes £ £
TURNOVER 14,794 17,406
Cost of sales (27,950) (36,255)
GROSS LOSS (13,156) (18,849)
Administrative expenses (30,918) (35,668)
Other operating income 66,063 (44,115)
OPERATING PROFIT/LOSS 21,989 (98,632)
Profit on disposal of fixed assets 18,167 98
Other interest receivable and similar income 91 30
PROFT/LOSS FOR THE FINANCIAL YEAR P 40,248 (98,504)

Activities 115

Balance Sheet

for the year ended 31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 13 508,851 515,945
Investments 14 853,636 791,921
1,362,487 1,307,866
CURRENT ASSETS
Debtors 15 8,987 9,618
Cash at bank and in hand 38,242 49,816
47,229 59,434
Creditors: Amounts Falling Due Within One Year 16 (2,796) (629)
NET CURRENT ASSETS (LIABILITIES)
44,433		 58,805
TOTAL ASSETS LESS CURRENT LIABILITIES 1,406,920 1,366,672
NET ASSETS 1,406,920 1,366,672
THE FUNDS OF THE CHARITY
Restricted funds
Restricted income funds 2,090 6,835
17
Revaluation reserve (36,059) (36,059)
TOTAL FUNDS 1,406,920 1,366,672

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relaKng to small companies.

For the year ended 31 March 2024 the company was enKtled to exempKon under secKon 477 of the Companies Act 2006 relaKng to small companies.

The members have not required the company to obtain an audit in accordance with secKon 476 of the Companies Act 2006.

The directors acknowledge their responsibiliKes for complying with the requirements of the Companies Act 2006 with respect to accounKng records and the preparaKon of accounts. Approved by the board on 31 March 2024

And signed on its behalf by:

J.D. Stubbs

Trustee

Activities 115

Notes to the Accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of preparaGon

statements have been prepared in accordance with AccounKng and ReporKng by ChariKes: Statement of Recommended PracKce applicable to chariKes preparing their accounts in accordance with the Financial ReporKng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecKve 1 January 2015) - (ChariKes SORP (FRS 102)), the Financial ReporKng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounGng or to previous accounts

There has been no change to the accounKng policies (valuaKon rules and method of accounKng) since last year and no changes have been made to accounts for previous years.

Fund accounGng

Unrestricted funds These are available for use at the discreKon of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for parKcular purposes. RevaluaKon funds These are unrestricted funds which include a revaluaKon reserve represenKng the restatement of investment assets at their market values. Restricted funds These are available for use subject to restricKons imposed by the donor or through terms of an appeal.

Income

RecogniKon of Income is included in the Statement of Financial AcKviKes (SoFA) when the charity income becomes enKtled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is Expenditure reported gross in the SoFA.

DonaKons and Voluntary income received by way of grants, donaKons and gics is included in the legacies the SoFA when receivable and only when the Charity has uncondiKonal enKtlement to the income. Income from tax reclaims is included in the SoFA at the same Kme as the Tax reclaims on gic/donaKon to which it relates. donaKons and gics These are only included in income (with an equivalent amount in expenditure) Donated services where the benefit to the Charity is reasonably quanKfiable, measurable and material. and faciliKes

Activities 115

Notes to the Accounts

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on

Assets This includes any gain or loss resulKng from revaluing investments to market value at the end of the year Gains/(losses) on investment assets This includes any gain or loss on the sale of investments.

Expenditure

RecogniKon of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with agracKng voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its acKviKes and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeKng the consKtuKonal and statutory requirements of the Charity, including any audit/independent examinaKon fees, costs linked to the strategic management of the Charity, together with a share of other administraKon costs. Other expenditure These are support costs not allocated to a parKcular acKvity.

TaxaGon

The charity is exempt from corporaKon tax on its charitable acKviKes.

useful life:

Freehold Property 1% Straight Line

Fixtures & Fittings 10% Reducing balance

Activities 115

Notes to the Accounts

Freehold investment property

Investment properKes are measured iniKally at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial AcKviKes as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

T rade and other debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturiKes of three months or less and bank overdracs. In the statement of financial posiKon, bank overdracs are shown within borrowings or current liabiliKes. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdracs that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transacKon price. Other creditors and provisions are recognised where the charity has a present obligaKon resulKng from a past event that will probably result in the transfer of funds to a third party and the amount due to segle the obligaKon can be measured or esKmated reliably. Creditors and provisions are normally recognised at their seglement amount acer allowing for any trade discounts due.

Research and development

F oreign currencies

Monetary assets and liabilities denominated in currencies other than the funcKonal currency of the charity are translated at the rates of exchange prevailing at the end of the reporKng period. TransacKons in currencies other than the funcKonal currency of the charity are recorded at the rate of exchange on the date that the transacKon occurred.

Leased assets

Where the charity enters into a lease which entails taking substanKally all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

as operaKng leases.

Activities 115

Notes to the Accounts

incepKon of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligaKon. Lease payments are apportioned between finance expenses and reducKon of the lease obligaKon so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly agributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

OperaKng lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incenKves are received to enter into operaKng leases, such incenKves are recognised as a liability. The aggregate benefit of incenKves is recognised as a reducKon of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, faciliKes and services received are recognised within incoming resources and expenditure at an esKmate of the value to the charity.

Activities 115

Notes to the Accounts

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial AcGviGes - prior year

Unrestricted
Funds Restricted Funds Total Funds
2023 2023 2023
£ £ £
Income and endowments from:
Donations and legacies 3.00 - 3.00
Charitable activities 5,417.00 - 5,417.00
Investments 11,993.00 - 11,993.00
Other 26.00 - 26.00
Total 17,439.00 - 17,439.00
Expenditure on:
Raising funds 2,801.00 - 2,801.00
Charitable donations 32,336.00 1,659.00 33,995.00
Other 35,032.00 35,032.00
Total 70,169.00 1,659.00 71,828.00
-
Net (losses)/gains on investments - 44,115.00 - 44,115.00
-
Net Expenditure - 96,845.00 - 1,659.00 98,504.00
Transfers between funds - - -
-
Net expenditure before other gains/(losses) - 96,845.00 - 1,659.00 98,504.00
Other gains and losses - - -
-
Net movement in funds - 96,845.00 - 1,659.00 98,504.00
Reconciliation of funds:
Total funds brought forward 1,456,682.00 8,494.00 1,465,176.00
Total funds carried forward 1,359,837.00 6,835.00 1,366,672.00

Activities 115

Notes to the Accounts

4 Income from donations and legacies

Fundraising
5
Income from charitable activities
Rental income
6
Income from investments

Dividends & other interest on
investments
Deposit account interest

7
Other income
Wayleave
8
Expenditure onraisingfunds
Investment management
costs
dividends and other interest
on investments		 Unrestricted
Total
Total
2024
2023
£
£
£
-
-
3
Unrestricted
Total
Total
2024
2023
£
£
£
14,794
14,794
5,417
Unrestricted
Total
Total
2024
2023
£
£
£
18,167
18,167
11,963
91
91
30
18,258
18,258
11,993
Unrestricted
Total
Total
2024
2023
£
£
£
-
-
26
-
-
26
Unrestricted
Total
Total
2024
2023
£
£
£
5,934
5,934
-
-
2,801
5,934
5,934
2,801

Activities 115

Notes to the Accounts

9 Expenditure on charitable activities

Expenditure oncharitable activities
Expenditure on charitable
activities
Outreach
Sports & Social Income
Counselling		 Unrestricted
Restricted
Total
Total
2024
2023
£
£
£
£
-
-
-
541
19,926
2,090
22,016
33,454
-
-
-
-
19,926
2,090
22,016
33,995

10 Other expenditure

Travel and subsistence expenses
Premises Costs
Amortisation/Depreciation
General administraive costs
Legal fees & Professional
fees
Netexpenditure beforetransfers
This is stated acer charging:
DepreciaKon of owned fxed assets		 Unrestricted
Total
Total
2024
2023
£
£
£
441
441
1,010
11,241
11,241
7,031
7,095
7,095
7,254
4,589
4,589
13,087
7,551
7,551
6,650
30,917
30,917
35,032
2024
2023
£
£
7,095
7,303

11 Net expenditure before transfers

Activities 115

Notes to the Accounts

13

Tangible fxed assets
Land and Fixtures and
Buildings Fittings Total
£ £ £
Cost or revaluation
At 1st April 2023 500,000.00 38,354.25 538,354.25
Additions - - -
Revaluations - - -
Disposals - - -
At 31st March 2024 500,000.00 38,354.25 538,354.25
Depreciation and impairment
At 1st April 2023 5,000.00 17,407.89 22,407.89
Depreciation charge for the year 5,000.00 2,094.64 7,094.64
Revaluations -
Disposals -
At 31st March 2024 10,000.00 19,502.53 29,502.53
Net book values
At 31 March 2024 490,000.00 18,851.72 508,851.72
At 31 March 2023 495,000.00 20,946.36 515,946.36
14 Investments
Other
Investments Total
£ £
Cost or revaluation
At 1st April 2023 791,921.00 791,921.00
Additions - -
Revaluations 61,715.00 61,715.00
Disposals - -
At 31st March 2024 853.636.00 853,636.00
Net book values
At 31 March 2024 853,636.00 853,636.00
At 31 March 2023 791,921.00 791,921.00

Freehold Investment Property

The freehold investment property was acquired on 18 April 2013. The property was revalued on 31[st] January 2021 by Michael Dennis

Activities 115

Notes to the Accounts

15 Debtors

Debtors
Trade debtors and other receivables
Prepayments and accrued income		 2024
2023
£
£
8,111
-
875
9,618
8,986
9,618

16 Creditors:

amounts falling due within one year

amounts falling due within one year
Trade creditors and other payables
Accruals
Accrued income		 2024
2023
£
£
1,343
-
630
630
330
-
2,303
630

17 Movement in funds

Restricted funds:
Basketball donation monies
Counselling
Hub / Café development
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Revaluation fund
Total		 Incoming
resources
At 1 April
(including
other
Resources
At 31 March
2023
gains/(losses)
expenses
2024
£
£
£
-
(2,090)
(2,090)
142
142
6,693
-
-
6,693
6,835
-
-
2,090
4,745
1,395,896
99,115
(56,777)
1,359,935
-
-
(36,059)
-
-
(36,059)
1,359,837
99,115
(56,777)
1,402,174
1,366,672
99,115
(58,867)
1,406,920

Purposes and restricKons in relaKon to the funds:

RevaluaKon reserves Represents the amount by which investments exceed their historical cost.

Activities 115

Notes to the Accounts

Restricted funds:

Basketball donaKon monies

Counselling

Hub / Café development

18 Analysis of net assets between funds

Analysis of net assets between funds
Fixed Assets
Investments
Net current assets		 Unrestricted
funds
Total
£
£
508,851
508,852
853,636
853,636
44,432
44,432
1,406,919
1,406,919

19 ReconciliaKon of net debt

ReconciliaKon of net debt
Cash and cash equivalents
Net debt		 At 1 April
At 31 March
2023
Cashflows
2024
£
£
£
49,817
(11,575)
38,242
49,817
(11,575)
38,242

20 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital: thus no single party controls the company.

Activities 115

Detailed Statement of Financial AcGviGes

For the year ended 31 March 2024

r the year ended 31 March 2024
Income and endowments from:
Donations and legacies
Fundraising
Charitable activites
Supported living
Investments
Dividends & other interest on
investments
Deposit account interest
Other
Wayleave
Total income and endowments
Expenditure on:
Investment management costs
Dividends and interest on
investments
Total expenditure on raising
funds
Charitable activities
Outreach
Sports & social income
Counselling
Total expenditure on charitable activities
Motor and Travel costs
Travel & Subsistence
Premises costs
Rates
Light, heat & power
Pemises cleaning
Premises repairs & maintenance		 Unrestricted
Restricted
funds
funds
Total funds
Total funds
2024
2024
2024
2023
£
£
£
£
-
-
-
3
-
-
-
3
14,794
14,794
5,417
14,794
-
14,794
5,417
18,167
18,167
-
-
-
11,963
-
-
-
30
91
91
18,258
-
18,167
11,993
66,063
66,063
-
-
-
26
0
-
66,063
26
33,052
-
99,115
17,439
5,934
-
5,934
2,801
-
-
-
5,934
-
5,934
2,801
-
-
-
2,801
-
-
-
541
19,926
2,090
22,016
33,454
-
-
-
-
19,926
2,090
22,016
33,995
19,926
2,090
22,016
33,995
441
-
441
1,010
441
-
441
1,010
464
-
464
705
3,825
-
3,825
2,067
2,200
-
2,200
172
1,451
-
1,451
4,087
7,940
-
7,940
7,031

Activities 115

Detailed Statement of Financial AcGviGes

For the year ended 31 March 2024

General administrative costs
including depreciation and amortisation
Depreciation of land and
buildings
Depreciation of fixtures & fittings
Profit n disposal of tangible
assets
Bank charges
Entertaining
General insurances
Postage & Courier
Software, IT support & related costs
Stationery & printing
Subscriptions
Sundry expenses
Telephone
Legal and professional costs
Audit/independent examination
Accountancy & bookkeeping
Other legal & professional costs
Total expenditure of other costs
Total expenditure
Net gain on investments
Net expenditure
Net expenditure before other gains/(losses)
Other gains
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 5,000
-
5,000
5,000
2,095
-
2,095
2,303
-
-
-
-
49
77
-
77
92
175
-
175
-
3,301
-
3,301
3,820
8
-
8
44
2,693
-
2,693
2,241
63
-
63
3,221
65
-
65
65
-
-
-
50
1,508
-
1,508
3,554
14,985
-
14,985
20,341
130
-
130
130
860
-
860
356
6,561
-
6,561
6,164
7,551
-
7,551
6,650
30,916
-
30,916
35,032
56,778
2,090
58,868
71,828
66,063
-
-
(44,115)
(9,285)
(2,090)
40,248
(98,504)
(9,285)
(2,090)
40,248
(98,504)
-
-
-
-
42,338
(2,090)
40,248
(98,504)
1,359,837
6,835
1,366,672
1,465,176
1,402,175
4,745
1,406,920
1,366,672