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2023-03-31-accounts

Annual Report April 2022 – March 2023

Disability Challengers | Company No: 4300724 | Registered Charity No: 1095134

CEO Report

Challengers is a charity that aims to transform the lives of disabled children and young people through the power of play. Our services are delivered from our buildings in Guildford and Farnham, and through partnerships with schools and venues in Richmond, Kingston, Basingstoke, Winchester, Eastleigh and Chichester.

We have a non-exclusion policy, meaning ALL children and young people are welcomed and safe, and their individual needs are supported even if they are multiple and complex. Our inclusive approach is something all Challengers employees are very proud of.

.

Sadly in the last year we have seen an increase in the demand for our play and youth services, as well as an under-investment. Alongside other charities, we have faced a challenging fundraising environment and witnessed the effects of the cost of living crisis on our beneficiaries and staff. These difficulties withstanding, we continue to work in partnership with Local Authorities to provide a creative and impactful service to as many families as possible. As one of our Service Managers, Sophie recently wrote:

"The impact our service has on disabled children and their families is huge. For many of the young people we support, Challengers is the only social outlet that they have outside of school. When they come to us they can have fun trying new things and forming friendships, helping them to feel much less isolated."

The last year also saw some fantastic accomplishments. Through funding from the National Lottery Community Fund we were able to announce the launch of The Hub – a service providing holistic support to the families of children with disabilities. Cocreated by our parents, it has already started to provide services such as family fun days and ‘drop in sessions’ to encourage peer to peer support.

We also started our new playground build in Guildford following a year of fundraising. The playground will be inclusive and accessible, and thanks to the lottery funding families in the community will also benefit from our facilities. It will be great to work with Russell and the Board as we move forward into the new year.

Gen Dearman, CEO of Challengers

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Chair Report

As we conclude another impactful year at Challengers, my first as Chair of this wonderful charity, the Trustees and I would like to express our gratitude to CEO Gen Dearman and the Senior Leadership Team for their exceptional dedication.

Their efforts have been instrumental in steering Challengers through a difficult year, marked by an ever-growing demand for our services, financial constraints and a tough fundraising environment. I’d also like to thank each and every member of Team Orange for all of their hard work – I’m in awe of your devotion.

I commend the team for their hard work navigating these challenges while upholding our commitment to inclusivity, ensuring that no child or young person will ever be turned away due to the complexity of their needs. Despite adversities, the past year has brought many noteworthy achievements. In particular, the build of the new inclusive playground in Guildford marks a tangible step toward enriching our facilities and bringing our charitable vision to life.

Looking at the year ahead, I’m excited to collaborate with the board to advance the charity’s strategic goals, and support the team to provide vital services for as many families as possible. I look forward to the opportunities and challenges that lie ahead, and to contributing to transforming the lives of disabled children and young people through the power of play.

Russell Harvey, Chair of Challengers Trustee Board

The trustees present their report and the audited financial statements for the year ended 31 March 2023. Reference and administrative information set out on page XX forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. This trustees’ annual report includes a directors’ report as required by company law.

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About Challengers

Challengers has been operating for over 40 years, providing thousands of disabled children and young people with opportunities to play, have fun, and make friends. While lots has changed in that time - the locations we operate in, the people, and even the charity’s name - our vision hasn’t changed since 1979.

Vision

A world where all children and young . people can play together freely

Mission

To provide truly inclusive, fun and safe spaces where all disabled children and young people can spend time with their friends. To offer a positive impact for families and the wider community.

Our approach

Our impact

Challengers is a place where everyone is welcome and celebrated for who they are. Young people are free to play and experience new things, and we will never exclude someone on the grounds of their additional needs.

We believe that we deliver play and leisure in a truly inclusive and aspirational way, showing that there is no reason why disabled children and young people should be excluded from playing an active part in society.

We hope that in doing so, we are leading by example and can positively influence other providers, as well as the way that society views disability.

Aside from bringing joy to the children themselves, another benefit of Challengers is the short breaks it provides for families.

Raising a disabled child can be extremely demanding, therefore it’s vital that families can access respite. Parents can relax knowing that their child is safe and happy at Challengers with our trained staff.

Our staff are fundamental to delivering positive change. Many come with little or no experience of disability, but through their training and experiences they develop a real commitment to equality and inclusion.

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Strategy

As part of the charity’s strategy which we established in 2020, we have identified three core goals that bring our vision and mission to life. Our priorities serve to support our goals, which are supported by firm foundations and five core values which we strive to embody as an organisation.

We are making good progress with our current strategy, and will be starting work in the second half of 2023 on a strategy refresh, revisiting our mission as part of this.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remain focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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Strategy

Our current strategy focuses on three main goals, underpinned by priorities, foundations and values. These are set out below.

Goals

----- Start of picture text -----
Enable the people we support to develop skills
and confidence through play
Contribute to a more inclusive society by
challenging the barriers to play
Connect families together and enable a
community of information sharing and support
Priorities
Excel at providing inclusive play opportunities
Evidence our impact in the communities we serve
Share knowledge and expertise with a wider
audience
Establish a Community Hub
Foundations
Staff happiness
Sustainable business model
Sound governance
Culture of continuous improvement
Values
Inclusive Playful Trustworthy
Ambitious Accountable
----- End of picture text -----

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90,065 Hours of play

2022-23 in numbers

735 Children supported

2,070 Sessions delivered

Hours by service

Pre-school: 33,726 Play: 30,012 Youth: 19,592 555 Service: 3,738

This delivery was in line with our contractual commitments and other delivery targets.

What families think

99% of families scored our staff as good or excellent

95% of parents say that Challengers improves their own wellbeing as a parent/carer

91% of parents agree Challengers reduces their child’s loneliness and isolation

90% of families feel that Challengers helps improve their child's social skills

Challengers Parent & Carer Survey - October 2022

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Fundraising statement and conditions

Challengers’ mission is to provide truly inclusive, fun and safe places where all disabled children and young people can spend time with their friends, and to offer a positive impact on families and the wider community. Achieving this mission is only possible through raising the funds for the services. The mission informs the fundraising choices made as we strive to provide inclusive opportunities and promote inclusion throughout our fundraising.

Despite the continued challenges of fundraising since the pandemic and with the increase in the cost of living, we raised £941k in voluntary income, up 22% from the previous financial year. This was in line with targets for the year. Some of our donors and supporters are listed overleaf in grateful thanks.

Our biggest area of growth was trusts and foundations, up 31% (£129k) on the previous year. This was due to the launch of the Big Play Appeal, to which trusts and foundations contributed over £250k. The appeal was launched to fund the building of a new, accessible and inclusive adventure playground at our Guildford Play centre. The appeal raised a total of £302,579 and we are so grateful to everyone who contributed, enabling us to start the new playground build in January 2023.

Throughout the year we also received the generous support of many local companies, individuals and community groups through donations, staff fundraising, events and street collections, among many other things! Our thanks go out to everyone who gave donations and contributed their time and other resources to enable Challengers to provide vital support to disabled children and young people.

Volunteers are a vital part of #TeamOrange, and in 2022-23 contributed 1,957 hours helping out at our Play and Youth schemes, lending a hand to decorating projects, coming into the office and supporting our admin work, and being the faces of Challengers at our many public events. We are grateful to everyone who has given up their time to make what we do possible.

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Challengers remains committed to a fair and ethical approach to all our fundraising practices. We strive to build long-term relationships to grow a more sustainable approach to fundraising which will maximise return over the longer term. We are registered with the Fundraising Regulator, are signed up to the Fundraising Preference Service, and comply with the revised standards outlined in the Fundraising Regulator’s Code of Fundraising Practice for the UK and our own Ethical Fundraising Policy and Vulnerable People Policy.

All of our fundraising is carried out by our in-house fundraising team alongside volunteers who are supported by us to fundraise on our behalf. Volunteers, whether acting as individuals, in the workplace or as community groups, receive information and guidance from us and we maintain regular contact to oversee their activities to ensure they comply with the Code of Fundraising Practice.

We do not work with Professional Fundraising Organisations or Commercial Participators to solicit donations, have a strict policy of never selling or passing on our supporters’ personal data, and have never bought fundraising data from a third party. In the period 2022-23 we received no complaints about fundraising.

With thanks to all of our donors and supporters

Farnham Town Council

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Financial overview

The 2022/23 year reported a surplus of £35k across all funds. Unrestricted funds had a deficit of £225k, the restricted funds had a surplus of £318k and the designated funds had a deficit of £57k. The designated funds deficit relates to depreciation charges against assets acquired in previous years. The restricted funds surplus was a result of restricted income received in the current year that will be spent in future years, or was used to fund capital expenditure, particularly the new playground at our Guildford centre.

The unrestricted funds recorded a deficit as a result of increased costs of running our services while income was fixed with a number of contracts ending in March 2023 and being renewed at new rates commencing in the next financial year. During the year, all of our local authority contracts were successfully re-tendered. This will enable us to continue operating in a sustainable manner in future years.

----- Start of picture text -----
2022-23 income Other trading
7% Donations
19%
Local Authority
35%
Trusts & Legacies
17%
Grants
1%
Entrance Fees
21%
----- End of picture text -----

Total income decreased by 7% in 2022/23 to £2.6m (2021/22: £2.9m for an extended 15 month period).

Donations and legacy was £941k (+22% vs 2021/22). This year saw an increase in trust and foundation income of 31% (+£129k vs. 2021/22), a reduction in corporate income of 3% (-£4k vs. 2021/22), income from individuals increased by £15k (+15% vs. 2021/22), income from communities increased by £16k (+32% vs. 2021/22k) while legacy income was £100k (£3k 2021/22).

Income for charitable activity was £1.5m (-18% vs 2021/22)

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934

1,000

----- Start of picture text -----
800
556
600 492
449
400
189
200
23
2
0
Donations Trusts & Legacies Grants Entrance Fees Local Authority Investment Other Trading
----- End of picture text -----

Expenditure

Total expenditure decreased by 11% to £2.6m vs. the 15 month 2021/22 period. Cost of raising funds decreased by 3% vs. 2021/22, Charitable expenditure in the year decreased by 18% vs. 2021/22.

Expenditure on support costs increased by 12% vs. 2021/22. Support costs include the cost of teams within Finance, Quality and Communications together with investment in staff recruitment, learning and development. Governance costs decreased by 1% vs. 2021/22.

In accordance with charity accounting practice, Support and Governance costs are allocated to charitable expenditure based on each activity’s proportion of delivered hours.

Breakdown of charitable expenditure (£2.3m)

----- Start of picture text -----
Youth Schemes 1,078,322
Play & Pre-School Schemes 1,264,706
0 200,000 400,000 600,000 800,0001,000,0001,200,0001,400,000
----- End of picture text -----

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Reserves

Challengers’ reserves policy is to maintain free cash reserves of between 3 and 5 months expenditure, plus an additional £50k-£100k for remedial property repairs and maintenance. Due to seasonal changes in activity levels this will fluctuate throughout the year. However, free reserves should be maintained between £531k and £901k.

The main objective of the reserves policy is to deal with short term cashflow challenges to protect the long-term future of the charity. In addition, the trustees believe this level of reserve would allow a safe and sensible closure in the event that this was the only option. Reserves are reviewed monthly at the Finance and Risk subcommittee.

The free cash reserves level at year end was £550k, representing 3.4 months 2022/23 average operating expenditure.

Year-end designated funds stood at £2.63m, the residual value of this fund is required to support the long-term security of premises and other fixed assets to ensure the charity can meet its objectives.

Of this amount £2.32m has been set aside for known future depreciation cost on buildings at our Farnham and Guildford centres over the next 50 years.

Risk

The Board’s risk appetite guides the risk management process. The Board is not seeking to eliminate risk as there is a recognition that it is necessary to accept the risks that cannot be mitigated in full or which fall beyond Challengers’ control. However, the Senior Leadership Team actively monitor and manage such risks to provide reasonable, but not absolute assurance that the charity is protected. Challengers have a robust risk monitoring process. Risks are ranked by the likelihood of occurrence and impact to the charity.

The Board consider that the principal challenges faced by Challengers, and the associated risks are the need to:

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The Risk Register is reviewed on a monthly basis at the Finance and Risk meeting and in addition at the relevant sub-committee meetings. The management of day-to-day operational risks is delegated to the Senior Leadership Team to proactively manage throughout the year.

The Board approves a comprehensive annual budget and plan for Challengers and the Board and its Committees monitor performance against these plans and budgets on a monthly basis. Material variances, together with any revised financial forecasts, are submitted regularly to the Finance Committee and to the Board.

The Board is satisfied that these systems, combined with internal financial controls and the reserves policy, will ensure that sufficient resources are available to meet the immediate needs of Challengers in the event of adverse conditions.

Going concern

The Trustees take financial governance seriously and each month consider the monthly finance reports, the cashflow and the organisational KPIs to ensure challengers is meeting its charitable objectives and continue to do so in the foreseeable future.

The Board of Trustees agree that Challengers is a strong and viable going concern. The factors that lead to this conclusion are:

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Remuneration

Challengers has developed a remuneration statement to provide a clear and transparent set of guidelines which demonstrate accountability and applies to all employees. During the 2022/23 year, Challengers continued as a Real Living Wage employer and committed to pay all staff at least the real living wage on an annual basis. The organisation does not offer an annual discretionary bonus scheme, nor does it offer a long-term incentive plan (LTIP).

The organisation has a series of salary bands in a structure that is fair and equitable. Job roles are mapped onto this structure. Salary bands are benchmarked with industry and local standards to ensure that they are fair as well as remove subjectivity to salary decisions. Each year we continue to monitor this structure and compare with competitors and other organisations.

Gender pay gap

Despite great strides being made in the past two decades, a gender pay gap remains in place in the UK. Latest figures suggest there may be a slight improvement in the situation in the UK however there is still a bias towards men.

The Office for National Statistics states that the gender pay gap for full time employees in 2022 was 8.3%, however when you split this by age, the gap for under 40s is close to zero. This reflects our workforce, who are predominantly below the age of 40. As a Charity working in the care sector we attract a large number of females to work with us. This is not unusual in our sector and in fact we do attract a good number of males compared to some of our peers.

At Challengers, we enforce a strict pay structure which means that men and women are paid at the same rate for a job role – this is across office and scheme-based roles. We strive to be a learning and equal opportunities organisation that invests in both men and women alike, keen to support them to be the very best they can be for the charity and for themselves.

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For our operational staff hourly rates are now based on the Real Living Wage. We pay this rate as a minimum hourly rate to all staff regardless of age and have committed to abide by the Real Living Wage in the future. In addition, service staff working on services within Greater London are paid a minimum rate of the London Living Wage.

----- Start of picture text -----
2022/23 2021/22
14
11.70 11.91 12.19 11.99
12
10.40 10.40 9.90
9.90
10
8
6
4
2
0
Mean Gender Pay 4% 0.7%
Gap %
(in favour of males) (in favour of males)
Median Gender
Pay Gap % 0% 0%
Mean Female Hourly Pay RateMedian Female Hourly Pay RateMean Male Hourly Pay RateMedian Male Hourly Pay Rate
----- End of picture text -----

Leadership

As with all charities, it is the responsibility of the Trustees to ensure the efficient, legal and professional performance of Challengers. The Chief Executive Officer works with the board to develop the strategic framework, agree the strategic direction and report on the delivery.

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The operational day to day running is delegated to the Senior Leadership Team (SLT) who are:

The SLT provide regular reporting to the trustees through sub-committee meetings and main board.

Trustee recruitment

Following recruitment, new trustees will be allocated a ‘mentor’ from amongst the present trustees and will undertake an induction programme under the control of the Chief Executive and the mentor. He/she will be given induction material to allow them to fully understand the charitable purpose of Challengers, its financial situation, its future plans and the current situation of the charity. The new trustee will be encouraged to visit the centre when children are present and to attend at least one community based project early on. All trustees are welcome to attend any of the staff training sessions. The induction information provided to new trustees is as follows:

Trustee responsibilities

The Trustees (who are also directors of Disability Challengers for the purposes of company law) set and monitor strategy and policies. The Trustees delegate authority to deliver strategy to the Chief Executive Officer and Senior Leadership Team with regular board meetings where reports are received on all the core activities of the charitable company.

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The Trustees have established standing sub-groups each with its terms of reference for Finance, Audit & Risk; Safeguarding & Operations; and Fundraising & Communications. They are responsible for preparing the Trustees’ annual reports and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (the United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as Trustees are aware:

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The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Trustees’ annual report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. Auditors Sayer Vincent LLP were re-appointed during the year to act as Challengers’ auditors.

The Trustees’ report was approved by the Trustees on 05/12/2023 and is signed on their behalf by:

Mr Russell Harvey, Chair of the Board

Trustees Admin Report

The organisation is a charitable company limited by guarantee, incorporated on 8th October 2001 and registered as a charity on 19th December 2002. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note XX to the accounts.

Executive committee

Chair of the Board - Russell Harvey (appointed March 2023)

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Leadership Team

CEO – Gen Dearman

Advisors

Auditors - Sayer Vincent LLP Invicta House, 108-114 Golden Lane London, EC1Y 0TL Honorary Legal Advisers - rhw solicitors LLP Ranger House, Walnut Tree Close Guildford, GU1 4UL

Bankers - Barclays Bank PLC, North Street, Guildford, GU1 4AG

----- Start of picture text -----
www.disability-challengers.org
Stoke Park, Guildford, Surrey, GU1 1TU
Registered Charity Number: 1095134
Companies House: 04300724
----- End of picture text -----

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Independent auditor’s report

To the members of

Disability Challengers

Opinion

We have audited the financial statements of Disability Challengers (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Disability Challengers’ ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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Independent auditor’s report

To the members of

Disability Challengers

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Independent auditor’s report

To the members of

Disability Challengers

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Independent auditor’s report

To the members of

Disability Challengers

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Independent auditor’s report

To the members of

Disability Challengers

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

8 December 2023

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

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Disability Challengers

Company no. 4300724

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Unrestricted
Note
£
Income from:
2
373,115
3
773,932
3
715,734
4
181,944
5
2,317
2,047,043
6
266,064
6
1,076,339
6
930,062
2,272,464
8
(225,421)
(252,090)
(477,511)
Reconciliation of funds:
1,027,645
550,134
Total income
Expenditure on:
Other trading activities
Donations and legacies
Charitable activities
Pre-school and Play
Youth Schemes
Raising funds
Total expenditure
Charitable activities
Pre-school and Play
Youth Schemes
Investments
Total funds brought forward
Net income / (expenditure) for
the year
Total funds carried forward
Transfers between funds
Net movement in funds		 Unrestricted
Note
£
Income from:
2
373,115
3
773,932
3
715,734
4
181,944
5
2,317
2,047,043
6
266,064
6
1,076,339
6
930,062
2,272,464
8
(225,421)
(252,090)
(477,511)
Reconciliation of funds:
1,027,645
550,134
Total income
Expenditure on:
Other trading activities
Donations and legacies
Charitable activities
Pre-school and Play
Youth Schemes
Raising funds
Total expenditure
Charitable activities
Pre-school and Play
Youth Schemes
Investments
Total funds brought forward
Net income / (expenditure) for
the year
Total funds carried forward
Transfers between funds
Net movement in funds		 Designated
£
-
-
-
-
-		 Restricted
£
568,381
22,853
-
6,732
-		 2023
Total
£
941,496
796,785
715,734
188,676
2,317
2,645,009
266,064
1,264,706
1,078,323
2,609,092
35,917
-
35,917
3,869,470
3,905,387		 Unrestricted
£
451,622
936,027
799,010
215,431
1,008		 Designated
-
-
-
-
-		 Restricted
£
317,188
100,078
14,856
19,918
-		 15 months to
31 March 2022
Total
£
768,810
1,036,105
813,866
235,348
1,008
2,047,043 - 597,966 2,403,098 - 452,040 2,855,138
266,064
1,076,339
930,062		 -
44,477
12,205		 -
143,890
136,056		 274,688
1,160,567
834,787		 -
68,097
27,756		 -
285,812
264,389		 274,688
1,514,476
1,126,932
2,272,464 56,682 279,946 2,270,042 95,853 550,201 2,916,095
(225,421)
(252,090)		 (56,682)
252,090		 318,020
-		 133,057 (95,853)
-		 (98,161)
-		 (60,957)
-
(477,511)
1,027,645		 195,408
2,433,291		 318,020
408,534		 133,057
894,588		 (95,853)
2,529,144		 (98,161)
506,695		 (60,957)
3,930,427
550,134 2,628,699 726,554 1,027,645 2,433,291 408,534 3,869,470

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18a to the financial statements.

25

Disability Challengers

Company no. 4300724

Balance sheet

For the year ended 31 March 2023

Note
£
Fixed assets:
13
Current assets:
14
327,128
173,839
876,039
1,377,006
Liabilities:
15
(622,597)
17
19a
2,628,699
550,134
Total unrestricted funds
Total assets less current liabilities
Debtors
Restricted income funds
Unrestricted income funds:
Designated funds
The funds of the charity:
General funds
Total charity funds
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Cash at bank and in hand
Short term deposits
Tangible assets		 Note
£
Fixed assets:
13
Current assets:
14
327,128
173,839
876,039
1,377,006
Liabilities:
15
(622,597)
17
19a
2,628,699
550,134
Total unrestricted funds
Total assets less current liabilities
Debtors
Restricted income funds
Unrestricted income funds:
Designated funds
The funds of the charity:
General funds
Total charity funds
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Cash at bank and in hand
Short term deposits
Tangible assets		 2023
£
3,194,857		 £
249,431
173,839
897,484		 2022
£
3,028,922
3,194,857
754,409		 3,028,922
910,380
1,377,006
(622,597)		 1,320,755
(410,375)
2,628,699
550,134		 2,433,291
1,027,645
3,949,266
(43,879)		 3,939,303
(69,833)
3,905,387 3,869,470
726,554
3,178,833		 408,534
3,460,936
3,905,387 3,869,470

Approved by the trustees on 5 December 2023 and signed on their behalf by

Russell Harvey Chairman

Bernard McAlister Treasurer

26

Company no. 4300724

Disability Challengers

Statement of cash flows

For the year ended 31 March 2023

Note
£
£
Cash flows from operating activities
Net income for the reporting period
35,917
Depreciation charges
13
103,558
Interest and rent from investments
2,317
(Increase)/decrease in debtors
14
(77,696)
Increase/(decrease) in creditors
15
186,269
Net cash provided by / (used in) operating activities
250,364
(2,317)
13
(269,492)
(271,809)
(21,445)
1,071,323
1,049,878
Analysis of cash and cash equivalents and of net debt
At 1 April 2022
Cash flows
£
£
Short-term deposits
173,839
-
Cash at bank and in hand
897,484
(21,445)
Total cash and cash equivalents
1,071,323
(21,445)
2023
Cash and cash equivalents at the beginning of the year
Net cash provided by / (used in) investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year		 Note
£
£
Cash flows from operating activities
Net income for the reporting period
35,917
Depreciation charges
13
103,558
Interest and rent from investments
2,317
(Increase)/decrease in debtors
14
(77,696)
Increase/(decrease) in creditors
15
186,269
Net cash provided by / (used in) operating activities
250,364
(2,317)
13
(269,492)
(271,809)
(21,445)
1,071,323
1,049,878
Analysis of cash and cash equivalents and of net debt
At 1 April 2022
Cash flows
£
£
Short-term deposits
173,839
-
Cash at bank and in hand
897,484
(21,445)
Total cash and cash equivalents
1,071,323
(21,445)
2023
Cash and cash equivalents at the beginning of the year
Net cash provided by / (used in) investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year		 Note
£
£
Cash flows from operating activities
Net income for the reporting period
35,917
Depreciation charges
13
103,558
Interest and rent from investments
2,317
(Increase)/decrease in debtors
14
(77,696)
Increase/(decrease) in creditors
15
186,269
Net cash provided by / (used in) operating activities
250,364
(2,317)
13
(269,492)
(271,809)
(21,445)
1,071,323
1,049,878
Analysis of cash and cash equivalents and of net debt
At 1 April 2022
Cash flows
£
£
Short-term deposits
173,839
-
Cash at bank and in hand
897,484
(21,445)
Total cash and cash equivalents
1,071,323
(21,445)
2023
Cash and cash equivalents at the beginning of the year
Net cash provided by / (used in) investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year		 £
£
(60,957)
138,814
1,008
(112,541)
15,214
(18,464)
(1,008)
(90,338)
(91,346)
(109,809)
1,181,133
1,071,323
Other non-
cash
changes
At 31 March
2023
£
£
-
173,839
-
876,039
-
1,049,878
2022		 £
£
(60,957)
138,814
1,008
(112,541)
15,214
(18,464)
(1,008)
(90,338)
(91,346)
(109,809)
1,181,133
1,071,323
Other non-
cash
changes
At 31 March
2023
£
£
-
173,839
-
876,039
-
1,049,878
2022
250,364
(271,809)		 (18,464)
(91,346)
At 1 April 2022
£
173,839
897,484		 Other non-
cash
changes
£
-
-
(21,445)
1,071,323		 (109,809)
1,181,133
1,049,878 1,071,323
Cash flows
£
-
(21,445)		 At 31 March
2023
£
173,839
876,039
1,071,323 (21,445) - 1,049,878

27

Disability Challengers

Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

Disability Challengers is a charitable company limited by guarantee and is incorporated in the United Kingdom and Wales.

The registered office address and principal place of business is Challengers Play Centre, Stoke Park, London Road, Guildford, GU1 1TU.

The charity's accounting reference period ending 31 December 2021 has been extended to 15 months so as to end on 31 March 2022. Subsequent periods will 12 months ending on 31 March in future years. The trustees consider that ending the accounting period on 31 March allows readers of the financial statements to better understand income and expenditure relating to the main contractual relationships of the charity.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Having assessed projected future income, expenditure and cash flows over the period to 31 December 2024, including expected service delivery, changes to local authority funding and the variability of fundraising income and analysed the strength of the charity’s reserves, liquid assets and its ability to withstand a short-term material fall in income, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue their activities for the foreseeable future. Therefore, we have continued to adopt the going concern basis in preparing the financial statements.

e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

28

Disability Challengers Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Land not depreciated
Buildings 50 years
Play Equipment 5 - 20 years
Other Equipment 5 years
IT Equipment 3 years
Fixtures and Fittings 5 years
Motor Vehicles 4 years

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

29

Disability Challengers

Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

p) Pensions

The charitable company operates a defined contribution scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

Income from donations and legacies
Gifts
Legacies
Donated services
Furlough Income
Youth Schemes
Profit / (Loss) on sale of non-current assets
Total income from charitable activities
Pre-school and play schemes
Contract - Surrey County Council
Contract - Achieving for Children
Sub-total for Pre-school and play schemes
Contract - Surrey County Council
Income from charitable activities
Contract - Achieving for Children
Contract - Hampshire County Council
Grants
Contract - Reading Borough Council
Contract - West Sussex County Council
Sub-total for Youth Schemes
Session fees
Grants
Contract - Hampshire County Council
Session fees
Income from other trading activities
Income from investments
Centre rental
Sponsored events
Corportate events
Other events
Miscellaneous
Bank interest on Reserves		 Unrestricted
£
273,250
99,865
-
-		 £
568,381
-
-
-
Restricted		 2023
Total
£
841,631
99,865
-
-		 Unrestricted
£
368,619
3,000
-
80,003		 £
313,588
-
3,600
-
Restricted		 15 months to
31 March 2022
Total
£
682,207
3,000
3,600
80,003
373,115 568,381 941,496 451,622 317,188 768,810
Unrestricted
£
217,989
109,300
170,608
276,035
-		 £
-
-
-
-
22,853
Restricted		 2023
Total
£
217,989
109,300
170,608
276,035
22,853		 Unrestricted
£
322,109
177,410
105,882
330,626
-		 £
-
-
-
-
100,078
Restricted		 15 months to
31 March 2022
Total
£
322,109
177,410
105,882
330,626
100,078
773,932
212,905
94,270
-
35,000
93,999
279,561
-		 22,853
-
-
-
-
-
-
-		 796,785
212,905
94,270
-
35,000
93,999
279,561
-		 936,027
295,855
184,637
4,380
61,508
56,524
196,106
-		 100,078
-
-
-
-
-
-
14,856		 1,036,105
295,855
184,637
4,380
61,508
56,524
196,106
14,856
715,734 - 715,734 799,010 14,856 813,866
1,489,667 22,853 1,512,519 1,735,037 114,934 1,849,972
Unrestricted
£
27,076
34,358
61,516
58,443
-
550		 £
-
-
750
5,982
-
-
Restricted		 2023
Total
£
27,076
34,358
62,266
64,425
-
550		 Unrestricted
£
30,694
38,313
56,028
72,454
5,000
12,941		 £
-
19,418
-
500
-
-
Restricted		 15 months to
31 March 2022
Total
£
30,694
57,730
56,028
72,954
5,000
12,941
181,944 6,732 188,676 215,431 19,918 235,348
Unrestricted
£
2,317		 £
-
Restricted		 2023
Total
£
2,317		 Unrestricted
£
1,008		 £
-
Restricted		 15 months to
31 March 2022
Total
£
1,008
2,317 - 2,317 1,008 - 1,008

30

Disability Challengers

Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

Staff costs (Note 9)
Activities
Motor costs
Equipment costs
Property costs
Insurance
PPS, Phone, Scheme promotion
Depreciation
Other costs
Provision for doubtful debt
Fundraising direct cost
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022		 Raising
funds
£
199,377
-
-
14,532
-
-
3,062
2,989
16,848
-
29,255		 Charitable activities Charitable activities Governance
costs
£
54,130
-
-
-
-
2,295
-
-
13,148
-
-		 Support
costs
£
435,727
-
-
953
57,749
222
20,064
18,299
74,517
1,181
-		 2023
Total
£
1,908,167
97,282
19,575
83,110
158,320
36,942
35,696
103,557
136,006
1,181
29,255		 15 months to
31 March 2022
Total
£
2,065,777
66,087
23,324
112,466
217,600
41,729
48,637
138,814
163,734
14,294
23,634
Pre-school
& Play
Schemes
£
718,748
36,188
5,171
32,520
50,455
21,162
6,786
61,528
15,615
-
-		 Youth
Schemes
£
500,186
61,094
14,403
35,104
50,116
13,263
5,784
20,742
15,878
-
-
266,064
-
-		 948,173
284,066
32,467		 716,570
324,646
37,106		 69,573
-
(69,573)		 608,712
(608,712)
-		 2,609,092
-		 2,916,095
-
266,064 1,264,706 1,078,322 - - 2,609,092 2,916,095
2,916,095
274,688 1,514,476 1,126,932 - -

In 2023 unrestricted expenditure was £2,329,147 (2022: £2,365,894) and restricted expenditure was £279,946 (2022: £550,201).

31

Disability Challengers

Notes to the financial statements

For the year ended 31 March 2023

Staff costs (Note 9)
Activities
Motor costs
Equipment costs
Property costs
Insurance
PPS, Phone, Scheme promotion
Depreciation
Other costs
Provision for doubtful debt
Fundraising direct cost
Support costs
Governance costs
Total expenditure 2022		 Raising
funds
£
231,293
-
-
1,112
-
-
6,003
1,377
11,268
-
23,634		 Charitable activities Charitable activities Governance
costs
£
56,353
-
-
-
-
2,295
-
-
11,648
-
-		 Support
costs
£
473,276
-
957
1,684
1,081
223
509
3,147
50,446
14,294
-		 15 months to 31
March 2022
Total
£
2,065,777
66,087
23,324
112,466
217,600
41,729
48,637
138,814
163,734
14,294
23,634
Pre-school
& Play
Schemes
£
802,029
23,311
10,788
56,959
126,132
25,989
21,302
93,714
46,295
-
-		 Youth
Schemes
£
502,826
42,775
11,579
52,711
90,387
13,222
20,822
40,576
44,077
-
-
274,688
-
-		 1,206,519
272,809
35,148		 818,975
272,809
35,148		 70,296
-
(70,296)		 545,617
(545,617)
-		 2,916,095
-
274,688 1,514,476 1,126,932 - - 2,916,095

32

Disability Challengers

Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

This is stated after charging / (crediting):

This is stated after charging / (crediting):
15 months to 31
2023 March 2022
£ £
Depreciation 103,557 138,814
Profit on disposal of fixed assets - 5,000
Auditor's remuneration (excluding VAT):
Audit 10,500 9,250
Tax advice - -

9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows:

Staff costs were as follows:
15 months to 31
2023 March 2022
£ £
Salaries and wages 1,781,022 1,873,332
Social security costs 102,609 116,391
Employer’s contribution to defined contribution pension schemes 24,536 28,595
Consultancy costs - 47,460
1,908,167 2,065,777

One employee earned above £60,000 during the period (2022: no employees earned above £60,000 ) within the following band.

15 months to 31
2023 March 2022
number number
1 0

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £259,201 (2022: £305,202).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

10 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 181 (2022: 191).

Raising funds
Support
Pre-school and Play Schemes
Youth Schemes		 2023
No.
7
73
84
17		 2022
No.
5
116
57
13
181 191

There are no related party transactions to disclose for 2023 (2022: none).

Donations totalling £170 were received from related parties during the year without conditions.

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

33

Disability Challengers

Company no. 4300724

Notes to the financial statements

For the year ended 31 March 2023

For the year ended 31 March 2023
13
Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year
Tangible fixed assets		 Freehold
property
£
3,474,260
15,528
-
3,489,788
592,519
56,624
-
649,143
2,840,645
2,881,741		 Equipment
Play
£
562,730
226,817
246,528		 Equipment
Other
£
303,034
26,768
80,965		 Motor
vehicles
£
102,938
-
-		 Furniture
£
14,012
380
-		 Total
£
4,456,974
269,493
327,493
543,018 248,837 102,938 14,392 4,398,974
474,100
19,621
246,528		 244,643
27,154
80,965		 102,938
-
-		 13,853
159
-		 1,428,052
103,558
327,493
247,192 190,832 102,938 14,012 1,204,117
295,826 58,005 - 380 3,194,857
88,630 58,391 - 159 3,028,922

Land with a value of £681,865 (2022: £681,865) is included within freehold property and not depreciated. All of the above assets are used for charitable purposes.

14 Debtors

Debtors
Trade debtors
Prepayments
Accrued income		 2023
£
228,679
83,925
14,524		 2022
£
131,904
109,121
8,406
327,128 249,431
Creditors: amounts falling due within one year
Borrowings
Lease liabilities
Accruals
Deferred income (note 16)
Trade creditors
Taxation and social security		 2023
£
268,704
10,000
22,241
21,071
119,259
181,322		 2022
£
152,490
10,000
18,103
23,577
130,807
75,398
622,597 410,375

Deferred income comprises of Local Authority contracts and session fees booked in advance of delivery.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2023
£
75,398
(75,398)
181,322		 2022
£
27,534
(27,534)
75,398
181,322 75,398

34

Disability Challengers

Notes to the financial statements

Company no. 4300724

For the year ended 31 March 2023

17 Creditors: amounts falling due in greater than one year

Creditors: amounts falling due in greater than one year
Borrowings
Lease liabilities		 2023
£
29,167
14,713		 2022
£
39,167
30,666
43,879 69,833

Borrowings comprises a Coronavirus Business Interuption Loan from Barclays Bank repayable over 7 years with the final repayment due in February 2028. The loan is unsecured and is subject to interest of 2.5% per annum.

18a Analysis of net assets between funds (current year)

Non-current liabilites
Restricted funds:
Capital
Scheme operating
Youth Schemes
Total restricted funds
Fixed Asset fund
Total designated funds
General funds
Total funds
Total unrestricted funds
Tangible fixed assets
Net current assets
Non-current liabilities
Movements in funds (current year)
Equipment fund
Pre-school and Play Schemes
Unrestricted funds:
Designated funds:
Property and Development fund
Property Maintenance fund
Net current assets
Net assets at 1 April 2022
Net assets at 31 March 2023
Analysis of net assets between funds (prior year)
Farnham Refurbishment Project
Tangible fixed assets		 At 1 April
2022
£
9,310
398,797
213
213		 General
unrestricted
£
-
594,013
(43,879)		 Designated
£
2,570,814
57,885
-		 Restricted
£
624,044
102,510
-		 Total funds
£
3,194,857
754,409
(43,879)
550,134 2,628,699 726,554 3,905,387
General
unrestricted
£
195,408
902,070
(69,833)		 Designated
£
2,425,406
7,885
-		 Restricted
£
408,108
426
-		 Total funds
£
3,028,922
910,381
(69,833)
1,027,645 2,433,291 408,534 3,869,470
Income &
gains
£
294,769
-
161,182
142,014		 Expenditure
& losses
£
5,209
8,672
137,412
128,652		 Transfers
£
-
-
-
-		 At 31 March
2023
£
298,870
390,125
23,984
13,576
408,534 597,966 279,946 - 726,554
2,433,291
-		 -
-		 56,682
-		 -
50,000
202,090		 2,376,609
50,000
202,090
2,433,291 - 56,682 252,090 2,628,699
1,027,645 2,047,043 2,272,464 (252,090) 550,134
3,460,935 2,047,043 2,329,147 - 3,178,833
3,869,470 2,645,008 2,609,092 - 3,905,387

18b Analysis of net assets between funds (prior year)

19a Movements in funds (current year)

The narrative to explain the purpose of each fund is given at the foot of the note below.

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Disability Challengers

Company no. 4300724

Notes to the financial statements

For the year ended 31 March 2023

For the year ended 31 March 2023
19b
Capital
Scheme operating
Youth Schemes
Total restricted funds
Total designated funds
General funds
Total funds
Equipment fund
Unrestricted funds:
Designated funds:
Property and Development fund
IT Development fund
Farnham Refurbishment Project
Pre-school and Play Schemes
Total unrestricted funds
Movements in funds (prior year)
Restricted funds:		 At 1 January
2021
£
15,863
409,450
58,043
23,340		 Income &
gains
£
6,000
-
216,379
229,660		 Expenditure
& losses
£
12,552
10,652
274,210
252,786		 Transfers
£
-
-
-
-		 At 31 March
2022
£
9,310
398,797
213
213
506,695 452,039 550,201 - 408,534
2,504,816
24,329		 -
-		 71,525
24,329		 -
-		 2,433,291
-
2,529,144 - 95,853 - 2,433,291
894,588 2,403,098 2,270,041 - 1,027,645
3,423,731 2,403,098 2,365,894 - 3,460,936
3,930,426 2,855,137 2,916,095 - 3,869,470

Transfers between funds

2023: Transfer of £50,000 from unrestricted General funds to designated funds to establish the Property Maintenance fund in Designated funds.

2022: Nil transfer of funds

Purposes of restricted funds

Equipment fund - Represents donations for specific item of equipment. Depreciation being provided over the useful life of the item.

Farnham Building Refurbishment Project - During 2018 our play and youth buildings at our Farnham site under went significant refurbishment. The project was completed in January 2019.

This fund will cover future depreciation charges associated with refurbishment.

Scheme operating Fund - funding for general running costs on specific schemes.

Fundraising - Funds & supplies donated to publish Christmas cards and support fundraising events.

Training project - Fund to support the research and development of accredited training and trading.

Staff Training- Garfield Western Foundation grant to support the cost of our training , officer, online training portal and courses.

Department of Health - Health and Social Care Volunteering fund grant over 4 years total funding £48,149 ending Mar 19 to deliver Challengers Engagement Volunteers project, improving health & care outcomes for disabled children and young people.

Purposes of designated funds

Property and Development fund - Is the result of two capital campaigns one to buy the land and buildings at Challengers Farnham centre and the other to build Challengers new centre at Guildford which was completed in 2013. This fund will cover future depreciation and maintenance charges for both properties.

Property Maintenance fund - This designated fund has been established to cover the cost of building maintenace and repairs of our Farnham and Guildford sites.

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

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