REGISTERED COMPANY NUMBER.. 04673165 IEngland and Walesl REGISTERED CHARITY NUMBER- 1106379 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR FOLLOW YOUR DREAMS LIMITED MHA Elfed House Oak Tree Court Cardiff Gate Business Park CARDIFF CF23 8RS
FOLLOW YOUR DREAMS LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Page Chief Executive's Report Report of the Trustees 2 10 10 Independent Examinerfs Report statement of Finan¢lal ActIvIe$ 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Cash Flow Ststement 15 Note5 to the Financial Ststements 16 10 25
FOLLOW YOUR DREAMS LIMITED CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Over the la51 1ve months. we have continued to pul helping children and young people with le8ming disabilities and thelr tsmilies al the heart of everything we do. As a small charity it is important to us that we have reached OLrt to as many families as we can, and our membership has increased. l am immensely proud of our team of staff and volunteers, each and every one comrnilled to irnproving our service delivery. As we continue to face increased costs of operating with reduced support, oursurvival in itself is an achievement. But none of our work would be possible without the SLJPPOrt ollhe people who donate or fundraise for us. and especially ourvolunteerswho are so incredibly importantto us. I would like tothank 0rStaff. twstees. volunteers. sUPPOrters 8nd partners for helping us continue this wonderful charity. As we look fotward to the lulure. we know that there is a big job to do, bul together we can and will make a difference. Diane Blacknyjre Chièl Executivè Page 1
FOLLOW YOUR DREAMS UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees, who are also directots of the ¢harity for the purposes of the Cornpanies Act 2006, present thelr report with the financial statements of the charity fi)r the year ended 30 September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charlties.. Stat8menl of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Follow Your Dreams was get up 'To help people with learning disabilrties by such charitable means as the Iruslees determine from time to time in particulai but not exclusively by sponsorship" The trustees can confirm that they have complted wth the duty in Section 17 of the Charities Act 201110 have ¢JLJe regard to public benefit guidance published by the Cornrnis5i9n. Significant activities that we undertook during th6 year that demonstrate public benefit are set out as follows". COVID19 RESPONSE Since the pandemic started, we rapidly changed our thaiitablè aclivilie5, in line with our constilub'on, to.. Provide regular zoom sessions for children with ithsabilitie5 and siblings, with professional entertainers who arg DBS checked and teaching qualified Provide regularzoom sessions for adults wth disabilities delivered by staff and volunteers (x)vering subjects such as crafts, karaoke, bingo and general soual interaction Advice and support to parents, carers and guardians- 24n by telephone, messenger and online. Sent out activity packs including adult colouring, word search. quiz. arts and ¢rafts Our participants consist ol children, young people and older adults with mainly leaming disabilities. bul sorne wlh physical disabilities. Also, siblings. young carers, carers, parents and guardians. Due to the unprec8d8nt8d tirnes, w8 also reached out to older people with learning disabilil¢es lo inchjde them in our activities and received many refeirals from local councils throughout England and Wale5. CHARITABLE ACTIVITIES LIFEWISE Lrfewise delivers a weekly workshop to young people 15+ with learning disabilitles who are not in full tirlle education or work. Sessions are focused on Arts & Craft5, Heatth & Wellbeing. Heritage, Knowledge & Life Skills and Pèrforming Arts. Partiapants are encouraged to participatè in Ihe full programme of activities, regardless of interest. lo engage in new and varied topics. 47 weekly sessions were delivered during this finana81 year covering the following subjects". 0611012022 Worfd Animal Day. Makaton Animals and creating your own animal 1311012022 Poetry with Claire Potter 2011012022 Reptile Awareness Day. Crctodiles of the World virtual tour 2711012022 Lego, Halloween Presentation & Bingts 1011112022 National Origami Day and Citvjy Howells from Wales Museum 1711112022 RNLI presentation & Makaton 2411112022 World Cup & Glass stone magnets 0111212022 Christmas activity- Christmas crackers 08112r2022 Clay tags. Christmas singalong wilh trumpet 15112r2022 Chrislmas card making and Quiz 0510112023 Introduction to Canva 1210112023 Tangram art, WdsearCh day & Winnie Day 1910112023 Take a walk outdoors day and Chinese- year of the raL*)it 2610112023 Lifewise Day, Zetxa engravrn9 art and Starging 0210212023 International Day of the Zebra- Edinburgh Zoo virtual tour 0910212023 Masking canvas painting & 6 natk)ns Makaton si9n$ 1810212023 Pancake Day with live demonstralK)n 2310212023 World bookmark day 02103r2023 National Pig Day- live visrt to Curtys Farm Pago 2
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 CHARITABLE ACTtVlTIES ICONTINUEDI 0910312023 National Dream Day & Intem81ional Women's Day 16103r2023 Worfd Down Syndrome Day (design WDSD socks) 23103r2023 Peacock Day 3010312023 Scribble Day 1310412023 Social session 2010412023 Sightlife.Wales guest presenlafyon 27104r2023 National Tell a Story Day with storyteller 0410512023 The Coronation of the King 1110512023 Bryn Pica recycling guest speaker & Eurovision 1810512023 National Cactus Day 2510512023 National Bath Bomb Day 0810612023 National Black Beal Day with 5torylelling- We're going on a Bear Hunt 1510612C123 Drawing with guest host & veggiefftuil bingo 2210612023 National lake your dog to work day 2910612023 Singing Hands- ABC book 06107r2023 All in Wonderland Day 13107r2023 Vegetable growing with Bonvilston Edge 20107r2023 Sumrner- exerrise with guest and word art 27A)7- 311812023 Lifewise Summer Book Club 07109r2023 Interactive storytelling and music with Key Create Wales 141090023 National Piano Month 21109r2023 Dinosaur tour 81 Edinburgh Zoo 28109r2023 National Honey Month with guest speaker Feedbaek recèived: 'Thank you for another greal book dub session, I think judging her face you've rnade her day by conlinutng this" 'Book Club is so much fvnlll It'8 a nice feeling of community to read the same book al the same time... Was looking at the screen occasionally, il was so nice lo see how everyone was readinglll. 'Loved today's session again today, didn t warnl il to end She is battling with herself she w8nts lo read rnore but loves the read 81ong each week for the surprise of wh31 is gryng lo happen next. This really was a fantastic idea of a botsk dub through surnmer, thank you it's perfect XXK 'She has just gol into her pjs to carry on re8ding the book, hearing her giggling away is amazing as shè's always struggled with comprehension. but she'$ clearly understanding every word V and it's even more lovely lo see she hasnl got a device In her hands 'Thank you so much for another fab session. Leyla enjoyed making her piggy. She's called il Pig Ferris and it's going to sleep in bed with her ev&ry night. X. "Thanks everyone, great informative session today, blen(kd in great with our home Ed as we're doing animal habitats and haven't started deserts yelll. .1 lov& doing this and il rnade me smiler 'Great session today, thanks and well done to everyone.. I loved Ihe quiz, you never stop learningll!. P8ge 3
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 CHARITABLE ACTIVITIES {CONTINUEDI Thank you for such a lovely session. So informalNe & usefjjl (definite learnt a few things from itl. Thanks for the lovely session and for welcoming me since I firsljoined1111 don't take il for grantedlll Loved today's session and the facts and video abovl the Peacock were very informative. "Lovely session Amy just loves watching and listening to everyone" "Thank you for another great session. Leyla had great fun doing the flag quyz and making her flag" "I really enjoyed today's session. The video call with Jossica in Edinburgh Zoo with the 2 pandas was the bast, f8nla8lic questions from everyone and then 8reak out Rooms to sketch our own Panda. Perfect afternoon." 'Thank you. For today's session. So lovely espeeially the signing. So lovely lo see Ihe youngsters using it. Thank you" "Loved it!11111 Sunflowers always my favourite especially Van Gogh and sunflowers yayyyyy" 'We absolutely loved todays session and I will be wal¢hing th8 penguins inlenll "rnassive thank you for everything you do each week she learns $0 much from these sessions I the home education lady was super impressed al what she does and learns on here) 'We have made flatbread this morning. Super easyl Wll be tuming thom rnlo piua for dinner." "Loved doing this Silhouette It's rny first Ime doing this I want to do more so I can get better al them" "Emily really enjoyed this today thanks so much, no help off me. done it herself her words 'Niamh had my help loved the session and slicking all the paper on. She was really surprised how it looked once I cul the giraffe out for her." 'This is my Macintosh Rose fin8lly finlshèd. I'm quite proud of it because i hand drew it all by myself. al 111 P8ge 4
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 We measure demonstrable improvement in the following.. Attitude, Belief in their own ability, Soual Interaction. fe Skills, Knowledge and Practical Skills. We evaluate every session and track individual progress and development Ihrough obseNalions. social interaction questr'onnaires and inteNiew. SUC$$ is measured on the progress of senrice users usirrfj value-added principles. Since September 2020 ujr Lifewise project is now run fulty online and has attracted new members from across EryJland and Wales, sessions now average around 20 participants with a team of 4 regular session volunteers. We are exlrerllely grateful to all the businesses, organlsations and individuals who have supported this project coming on our sessions or by sponsorship, and also to our incredible volunteèrs, without whom this project would be impossible to deliver. ME TIME We commenced our Me Time sessions in November 2021. Sessions are for ParentsnJnpaid Carers to gift themsglves 60 rninutes for their health and wellbeing with a group of like-minded peop. Beginning with a relaxation session provided by Pilates Studio Innerpeace Fitness and followed by a different 8rtlcr8ft each week. Sessions and all equipment and materials were supplied free of charge thanks to grant funding. 6th October 13th October 20th October 3rd Novernber 10th November 17th November 22nd November 29th November 6th December 13th Decerrber 10th January 17th January 24th January 31st January 7th F6bruary 14th February 21st February 28th February 7th March 14th March 21st March 18th April 25th April 9th May 16th May 23rd May 8th June 15th June 22nd Jun8 8th July 13th July 20th July 7th September 14th September 21 st Seplernber 28th September Notebook Heart Box Needlefelt Rock Art Raffia Etching Calligraphy Angel Poetry Christmas Fox Glass Stone Rainbow Clay Clay Mandala Stone Sudoku Finishing off Candles Colouring Coffee Painting Macrame Finishing off Book Art Coffee & Chat Book Covering Warli Finishing off Houses Dandelions I can't imagine life without Mackinlosh Rose Silhouettes W8lercolour- Hedgehog Walercolour- Thrush Walercolour- Duck Watercolour- Flowers P89e 5
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Feedback: "Thank you for always being there for us. l enjoyed the sessi)n. It was really good to rdax and h8ve fun painting. SelF care is critlcal and this is what the sessions bring to me. Time lo unwind & enjoy with a euppa xx" °Another lovely session thank you. Its only by allowing this houroul for MYsethat l am realising h(Iw much I need it. Thank you. Xxx. 'Thank you. really needed that hour for myseLf this afternoon.. During the year we have held a number of dedicated weeks on Zoorn during school holNJays full with 8etivities su¢h as arts, crafts, Makaton, music. Storytelling, quizzes and bingo. This would be up lo 20 sessions each week. In November 2022 Amanda Glennon, Inclusive Teaching Matters kindly provided a'using Makaton with Singing, Course lo our members. We exhibited al the Carers Rights Day to raise awareness of our charity activities. In Decernber 2022 we funded 22 young people to meet superstar singer and TV Per8on81ity Olly Murs. We won an Award in the Understanding Disability Aw8rd$ 2022 for our Community Vvork. We received gifts from the Sl Davids Toy Appeal. We held monthly sessions with Singing Hands on Zoom, and received Makalon Refresher Training for staff. vdunleers and members from Andy Mc Makaton Tutor. We participated in the BCBC Fun Day in August. We funded 31 $m8rt hu18 hoops lo encourage our families lo get active and continue to hold daily move zooms. During the year we distributed sirn cards through National Databank to 90 families experiencing hardship, this gav8 them much needed data and calls lo enable them to join our sessions. 15 Families went to Legoland. In Novernber 2022 we held a bus trip lo the Hammond Theatre to see the Singing Hands Christmas Show for 52 people. We had 126 parenlslcarers and their ehildren 8ttend the Fairytale Ball with afternoon In February 2023 we had a very successfvl Click RCT project for 21 partieipants wilh an exhibition al Giles Gallery lo celebrate and show the photographs taken. And in June received tickets from otsr mèmbers for Glastonbarry Juniors. We were devastated lo very sudden loss of one of our key volunteers Andy Mc whh really impacted on our team and our families. We pledge lo continue his legacy with our Makaton learning. ACHIEVEMENTS AND PERFORMANCE We work th children and young people with leaming disabilities helping lo realise their full potential and making their Dreams and aspiration bewme a reality. Our work not only Impa¢l$ on individual directly but can impact on the family by providing an opportunity for their child that they may not be able lo afford or organise themselves and often taking them out of their comfort zone. We also where funds permit endeavour lo involve the siblings who are often carers, and parentlcarer support. To summarise the main achievements of our Charity during this financial period to September2023'. We delivered over 300 online sesslons. We supported 4 ¢ommunity groups, aThJ support 4 affiliated groups and 2 Registered Charltles providing much needed weekly support for over 500 familie5 We delivered 47 sessions for our Lifewise Project during the perird which focuses on health, wdlbeing and independence for young people with disabilities aged 18+. We delivered 36 sessions for our Me Time Projèct during the period which focuses on health and wellbeing for Parenlslunpaid Carers of children and young people 18+ with leaming disabilities Administered 15 Lègoland Tickets thanks to our friends al Merlins Wan Staff and key volunteers continue to develop thèir knowledge of Makaton and are proud of our silver award. Page 6
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 FUTURE PLANS Commitment for 202312024 Ensure financial and operational stability. To Continue being a lifeline to our families durfng the Covid19 Pandemic and whatever may lay ahead. Insptre ambitions of chIldn and young people with learning disabilities Encourage. empower and motivate a d)ange in attitude, inspiring optimism to make dreams a reality. Providing hope. aspiration and opportunities. Support young adutts wrth learning disabilities who a seeking employment or volunteering opportunities. To ensure Ihat our services are consistent with the Mission, Vision and Values of the Charty. Charity values are consistently applied to all we do and how we do Tt. To challeroe poor performance and attitude and lo support improvement at all levels. To en51Jre representation of people wlth dlsabilitles within the ¢harity'. workshops, staff, volunteers and Board level. To work effectively wth relevant partners both locally and regionally. To diversify ourfvnding streams. To develop (xjrrenl and additional trading initiatives. To raise lunds and finan the charity. To ensure staff and volunteers have the skills. caparily. training, facilities, tools and support. To ensure continued development ol the Tru51ee Board and its capacity to oversee and direct an arnbilious growing charity. To ensure cornpliance in all aspects of Govemance. To increase volunteer support and involvement at all levels, includirvJ both maintenance and client liaison Public benefit The Iruslees can confimi that they have complied with the dLJty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Significant activities that we undertook during tho year that dèmonstrate publle benefit are sel out in this report. FINANCIAL REVIEW The results for the year Can be found in the following Statement of Flnancial Activities, Batan¢e Sheet and related note5. Reserves pollcy It is the policy to maintain thé free reserves ol Folk)w Your Dreams at a level approxlmaling three rnonlhs of forthcoming unavoidable operational expendrture. This would equate to approximately £40.000. There weie unrestricted reserves of £21,54012022'. £128,306) as at the year end. however of this £3,180 {2022'. £5,279) are presented by tangible fixed assets leaving free reserves of £18,360 Q022.. 123,0371, less than the (hree monlhs policy. 11 is not considered appropriate to bjild up rèserves beyond this level. since the aim of Follow Your Dreams is to develop serviTrs for the benefit of users, rather than seek ex$S1Ve financial security. Three months of operating expenditure is considered prudent Igiven the need to cover fluctualx)n8 in income) whilst taking into account the need to expend fvnds forlhe good of Follow Your Dreams beneficiaries. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dgcument Follow Your Dreams governance structure is supported by ils conslilulion docurnent, the Memorandum and Articth of Association. The organisation is a registeied charty and 8 company limited by guarantee. Mission Statement Follow Your Drearns are a national charity that supports Child and young people wlh learning disabilities. Follow Your Dreams will inspire the ambitions of children and young people with learning Oisabililies by delivering enjoyable methods of leaming and play. We focus on their abilities and identify opportunities, growing 8nd developing skills through the delivèry of ¢realive and inleraclive evenls, dreams and workshops through co118boi81ive partnerships. Re¢ruitmènt, oppointment and induction of new trustees The direotors of the company are also charity trustees for the purposes of charity law. hen selecting trustees, the charity aims to ensure there is 8 broad range of relevant skills. Candidat85 are asked lo declare al this slage any potential conflicts of interest. Trustees are appointed after interviews with existing trustees and formal visits lo the organisabon, to ensure that they understsnd our vision and values. Trustees arè stJi4'e¢l lo Disclosure and Barring Service che¢ks where applicable. Page 7
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Follow Your Dreams 8Ctively endorses training at all levels of the ¢h8rity. New Iruslees participate in an induction process to include spending time with staff and volunteers, relevant infortnalion regarding health and safety and personal safety. charity official docutnentation, minutes of rent Twstee meetings. Strategi¢ and Operational Plan and role-related knowledge where applicablo. New Iru5tees are also given coples of ielevanl Charity Commission literature, and an Anti- Money Laundering Form S ¢ompleled along with other adapted Charity Commission forms. Trustees are encouraged to undertake development training where appropriate. The trustees met monthly during Ihe year to make strategic and policy decisions. Tru51ee meetings were held on zoom throughout the Pandemic. Unfortunately. two ol our trustees needed tts resign al short noti due to the impact of Covid19 on their incomes. We appreclate their support, and our locus as the Pandemic re8che$ closure will be lo increase our board ol trustees. while we endeavour lo recruit during this lime. All Iruslees give of their lirne freely and no trustee remuneration was paid in the year. Organisational structure The charity is administered by a Board of Trustees who meet regulady to oversee all actiwbes of the charity and to ensure il adheres to a clear direction for the charity. Day to day management Is delegated lo a Chief Executive Officer and Management Team. Membership and affiliation Fundraising Regulator British Instituie of Learning Disabilities IBILD} Inlerfink Glamorgan Voluntary Services IGVS) Bridgend Association of Voluntary Organisations IBAVOI Wales Council lor Voluntary Action IWCVAI Torfaen Voluntary Alliance (fvAI Cardiff Third Sector Council IC3SCI Camarthenshirè Association ofvoluntary SeNices {CAVSI Swansea Council for Voluntary Service ISCVSI Powys Association ofvoluntary Organisations IPAVOI Sported Foundation Makaton Charity (Makaton Fr*ndty Silver Ststusl Pontyclun Business Comrnunity Fundraising Follow Your Dreams complies wtth all relevant Statutory regulations, including the Charities Ad 2011, General Data Protection Regulation. We aayS seek to 8Ct in ways with are legal, open, honest and respe¢tlul. striving for best practice in fundraising by complying with a lang8 of codes of practice, including being registered with the Fundraising Regulator, and adhering lo its Code of Fundraising Practice and Fundraising Promise. We are careful to rnonitor our fundraisin9 activities and provide supporters with help and inforrnation via our social media, email, phone or post. We have a complaints procedure and record and resporkl to all compLiints'. no complaints were rtrceived in connection with fund- raising activities. Financial review Finanaal sustainability is the malor financial iisk for the charity, we have continuously worked towards our objectNe of settling debts as they fall due, and active managernenl of our cash flow. We have also ensured.. Public and Employers Liability Insuran maintsined Accredilalion for food hygiene and prerntses Strong Applicalion Process for dream support Monthly Trustee meets'ngs includiThJ formal agendas and review of accounts Volunteers Our volunteers are at the heart of all our work, they make a huge dtfference they make an enomious differen and are cornrnitted to the passion lo help children and young people with learning disabilities. They supplement Ihe work our employees do and a130 take the lead on service delivery in our community groups. We recognise that placing a monetary value on the contribLrtion which our volunteers deliver. over 30,0(7 hours over the past 12 months, presents significant difficullies due to the wide range of role5 performed, and the lack of a reliable market comparatoi pricè for volunteers. Accordingly. we do not include any contribution from such sources in our declared income. Page 8
FOLLOW YOUR DREAMS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Regrst8red Cornpany number 04673165 (England and Wales) Registered Charity number 1106379 Reglstered office 8A Cambiian Industrial Estate, East Side Coedcae Lane Pontydun Rhondda Cynon Taff CF72 9EW Trustees Pamela Volausek Ryan Smith John Hope Company Secretary John Hope Independent Examlner MHA Itrading name ol Maclntyre Hudson LLPI Limited liability partnership in England & Wales Registered number OC312313 Elled House Oak Tree Court Cardiff Gate Business Park CARDIFF CF23 8RS Bankers Lloyds Bank plc (Victoria Paikl Cowbridge Road Canton CARDIFF CF119TB Staff Full time Diane Blad(mora Chief Executive Part time Vicky George Tia LeMs Project Manager- Operalions & Membèrship Finance Assistant appointed Aug 2024 Page 9
FOLLOW YOUR DREAMS LIED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 This rewrt has been prepBred in accordance wlh Ihe special provisions of Part 15 of the Cornpanies Act 2006 relating lo Stnall companies. Approv&J by ord8r oflha Board c4 Trustees en 23rd Octob8r 2024 and SNdd on Its bahalfby.. P Volausek- Truslee Pag8 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOLLOW YOUR DREAMS LIMITED Independent examiner's report to the trustees of Follow Your Dreams Limited I'the Company'l I report to the charity trustees on my examination oflhg aOntS ofthe Company for the year ended 30 Septemb8r 2023. Responslbllltles and basls of report As the charity's trustees of the Company land alsts its dir8clors for the purpose8 of company lawl you are responsible for the preparation ofthe aco)unts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that the accounts ol the Company are not required lo be audited under Part 16 of the 2006 Act arKI are eligible for independent examination, I report in respe¢l of my examination of your ch8rily's 8ccovnts as carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under SectK)n 145151 Ibl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with th& examinati giving me cause to believe.. accounting records were not kept in respect of the Company as requir by Section 386 of tha 2006 Act,. or the accounts do not accord with those records.. or the accounts do not comply with the accounting requliemenls of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fairview which is not a matter consxlered as part ol an independenl examination.. or the accoynls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities (applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 10211. I have no conceins arKI have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Julia Mortirner MHA (trading name of Maclntyre Hudson LLPI mited liability partnership in England & Wa Registered number OC312313 County of Cardiff CF23 8RS Date.. Page11
FOLLOW YOUR DREAMS LIMITED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 Total funds 2022 Total funds Unrèstricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 91,425 91.425 131,673 Charitabla aetivities Working wilh young people with leaming 64.887 e4,887 78,826 Other trading activities Investmènt income 10.743 215 10,743 215 23.551 Total 102,383 64,887 167.270 234,059 EXPENDITURE ON Raising funds Raising donats'ons and legacAes Other trading activities 3.538 439 3,538 439 10.312 70 3,977 3.977 10,382 Charitsble activities Working with young people wth learning disablieS 205.172 27,893 233.065 228.144 Totsl 209,149 27.893 237,042 NET INCOMEIIEXPENDITUREI 1106,7661 36,994 169,7721 14,4671 RECONCILIATION OF FUNDS Tol81 funds brought forward 128,306 8,000 136,3C 140.773 TOTAL FUNDS CARRIED FORWARD 21,540 44.994 66,534 136,306 The notes fom part ofthèse finanaal stslements Page 12
FOLLOWYOUR DREAMS LIMrrED BALANCE SHEET 30 SEPTEMBER 2023 2023 Tol¥1 funds 2022 Total funds Unre51ricled funds Reslrict8d fijnds Notes FIXED ASSETS TaThJlble assets 16 3.180 3.180 5,279 CURRENT ASSETS Debtors Cash al bank 17 630 630 73.593 4.081 133,793 44 994 29.229 44.994 74.223 137,874 CREDITORS Amounts falling due %*ithn one year 18 110.8691 110,8691 16.8471 NET CURRENT ASSETS 18,360 44.994 63.354 131.027 TOTAL ASSETS LESS CURRENT LIABILITIES 21,540 44.994 66.534 136.306 NeT ASSETS 44,994 66,534 136.306 FUNDS Unreslricttd furKIs Resldcled funds 21,540 44.994 128,306 8.000 TOTAL FUNDS 66,534 136.306 The Charitab is enllded to exemptkin from au¢lt under Seclon 477 of tha Cempanlos Act 2006 for Ihe year ended 30 Septembtrr2023. The members have not required the company to obtain an audit of its finanBial stslements for the year ended 30 Septernber 2023 in accordance 1th Section 476 of the Companl8s Act 2006. The trustees aCknedge th8irrtrspDnsibilities for lal ensuring Ihal the charitaNe company keeps accounlro records that comply %th Sectn9 386 and 387 of Ihe Companies Act 2006 and ppariftg financiJ stalements which give a Inje and fair yW of the state of affair8 ¢f charfl8bl& company as al th8 of each financial year and of its surplus or deficit for each financial year in a¢CranCe the requirements of Section5 394 and 395 and which olherwise cornply with the requirements of the Companies Ad 2006 reLqling lo financial stalemenls. so far as applicable to Ihe charitable cornp3lly. TStr financial $tatamgrts have been prep8red In accordance wlth wlsions appllcable lo chatae companh?s subJ8ctto the small c(mpaniÈs wirne. financial slalernentswere appVed by Ihe Board ofTrusleos and athrfsedfor Issuo on and were signed on its behalf by. ¢vqa P Volau5ek- Trustee The notes fowm part ofth&se financial statements P8ge 13
FOLLOW YOUR DREAMS LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 Notes Cash flows from operating aetivities Cash generated from opaiation$ 60,4151 5.8471 Nel cash used In operating activithes 60,4151 5.8471 Cash flows from investing activities Intere81 received 215 Net cash provided by investing activities 215 Change in eash and eash equivalents in the reporting period Cash and cash equivalents at the beglnnlng of the reportlny period {60,2CX)I 15,838) 133,793 139,631 Cash and cash equivalents at the end of the reporting period 73.593 133.793 The notes form part of these financial statements Pagtr 14
FOLLOW YOUR DREAMS LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 N•t •xpendlture for tha r8portlng pèrlod las th8 Stat8mènt of Financial Activities) Adjustments for: Depreciation charges Interest ceIVed Decrease in debtors Increasel{decreasel in creditors {69,772) 14,4671 2,099 12151 3,451 4,022 2,275 191 2,561 6,20 Nèt eash usèd In op•rations 60,415 ANALYSIS OF CHANGES IN NET FUNDS At 1110122 Cash flow At 3019r23 Net cash Cash at bank 133.793 60,200 73,593 133,793 60.200 73,593 Total 133,793 60.200 73.593 The notes fom part ofthese financial slatements Page 15
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 STATUTORY INFORMATION Follow Your Dreams is a company lirniled by guarantee incorporated in WaS wh1n Ihe United Kingdom. Each member is liable for a maximum of £10 in the event of the company being wound up.The registered office is 8A Cambrian Industrial Estate, East Side, Coedc8e Lane. Pontyclun, Rhondda Cynon Taff, CF72 9EW. The ffinanaal statements are presèntèd in Sterling {£1. the company's functional currency, and rounded lo the nearest pound. The principal activities of the charity is to help people with learning disabilities by such charitable means 85 the trustee determine from time lo lime In parttcular bul not exclusively by sponsorship. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all yéars presented unless otheiSe stated. ACCOUNTING POUCIES Basis of preparing the financlal statements The financial statements of the charitable company. whlch is a publi¢ benefit entity under FRS 102, have been prepared in 8ccordance with the Charities SORP IFRS 102)'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charfties preparing their a¢counts in accordance wlh the Finanrial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 S1A Update Bulletin 1} {effective 1 January 20151,. Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 20(. The financial statements have been prèpared undèr thè historical cost convention. Going toncèrn The trustees 8Te satisfied that il is appropriate for the charitvs financial statements to be prepared on a going concem basis. The tiuslaes have concluded that no adjustments are required to the financial statements at this time. Income All income is recognised in the Statement of Financial Activities once the charity has enlillemenl lo the funds. it is probable that the income will be reiVed and the am()unl can be measured reliably. This indudes capital grants. Donations and legacies income Donations and legacies income includes donations, grfts and grants that provide core funding or are of a general nature and are recognised where there is entitlement. piobability of reIpt and th8 arnount can be measured with sufficient reliability. Such income is only deferred when the donor specifies It must b6 usèd in futu accounting periods or the donor has imposed conditions which must be met before the chaiity has unconditsonal entitlement. Other trading a¢tivities income Income from other trading activities includes income reiVed under contract. This income is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts 1Ved are in advance of the porfoitnance oflhe servi or enI to which they relate. Investment income Inve51rnenl income is recognised on a re1vable basls. Donated goods Income rec8ived frorn donated goods sold in its shop is recognised on the sale of the goods. Other donated goods received by charity which has been used lorfundraising a¢tivilie$ or ¢harilable actwities have been valued al fair value on the date that the goods or seNices were ieceived. Page 16 ¢ontinued...
FOLLOWYOUR DREAMS UMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POLICIES . continued Expenditure Liatxlities ale recogni5ed as expenditure as soon as there is a legal or constructNe obligation commltting the charity lo that expenditure, il is probable Ihal a transfer of economic benefits will be required in 5ettfemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an aecrua15 basis and has been classified under headings that aggregate all cost related to the category. IM)ere Costs cannot be directly attributed to particular headings they have been allocated to acl'vities on a basis consistent with the use of resources. Expenditure on raising funds include direct costs applicable to the actNty. advertlsing. maikéling and direct materials as well as a proportion of salaries based on an approximation of time spent in this area. Expenditure tsn charitable a¢lwities comprises those costs incurred by the chaiity in the delivery of it5 activities and services for it5 benefiaaries. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature nec&ssary lo support thern. Support costs are thosè costs that, whilst necessary to deliver an activily, do not themselves produce or constitute the output of the charitable activity. Thi5 includes governance costs which are those costs assoaated with rneeling the constitutional and ststutory r8quiremenls of the charity and indude the accountancy fees and costs linked to the strategic management ofthe charity as well as a proportion of salaries based on an approximafy'on of time Spent in this area. Temiination payments The charitable company recognises termination benefits 8$ a liabilty and 8n expense only when the entity 1$ demonstrably committed either to terminate the employrnenl of an employee or group of employees before the norrnal retirement date orto provide temination benefits 88 a result of an offer made in orderlo encourage voluntary redundancy. Allocation and apportionment of costs All costs are albcaled beNveen the expenditure categoiies on a basis designed to reflect the use of the resource. Costs re181ing to a particular activity are allocated directly., others are apportioned on an appropriatè basis. Tangible fixed assets Fixèd assets ar8 initially recorded at cost. Depreciation is calculated $0 as lo write off the cost of an asset. less its estimated residual value, over the usefvl economic life of that asset as follows-. Fixtures, fittings and equipmènt 20Vo - 50Vo on cost. Only assets costing over £300 are pIlISed. Flnancial Instruments The charity only has financial assets and financial Ikqbililie5 of a kind that qualify as basic finana81 instruments. Basic financial instruments are initk2lly recognised * transaction value and subsequently rneasured at their setdement value. Debtors Trade debtors and olher debtors are iecognised at the settment amount due after any trade discounts offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Creditors Creditors are recognised where the charty has a present oblig81ion resulting from 8 past event th81 wll probab result in the transfer of funds tts a third party and the amount due to setue the obligation can be rneasLJred or estimated reliably. Creditors are normalty recognised al their settlement arnount after allowing for any trade discounts due. Fund accountlng Unrestricted lunds can be used in accordance with the tharitable objectives al the discretion of the lrystèas. Restricted funds can onty be used for particular restricted purposes within the objects of the charity. R&slrl¢tions arise when specified by the donor or when funds are raised for particular restricted purposes. Pagè 17 ¢tinued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POLICIES- contlnued D8btors There is no formal poficy of transfer beeen funds oi on the allLtation of funds to designated funds. other than lh* deIllEd above. Any other proposed transfer between funds would be considered on the particular circumstances. Further explanation of the nature and purpose of each fund is included in the notes lo the financial 5tatemènls. Taxation The charity is exempt frorn cooration tax on its charrtable activities. Hire purchase and leasing commitments Rentals paid under operating leases are tharges to the statent of Financlal Adivifjes on 8 slralght line basis over the period ol the lease. Penslon costs and othèr post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme aro chaiged lo the Statement of FinancAal Activities in the period to which they relate. DONATIONS AND LEGACIES 2023 2022 Bucket collections Donations Gift aid Grants Membership scheme 7,109 73,989 184 2,650 33,847 82,783 3,758 7,864 3.421 131.673 The charity is grateful to its many donors which provided a wide range of goods and Services valued at £61,809 12022.. £69,355) which contribute significantly to helping support people with learning disabilities explore and develop their potential Ihrough a wide range of activities. The charity benefits from the involvement and enthusiastic supptsrt of it5 tnany volunteers. d&tai15 of which are given in thè annu81 report. In accordan with accounting Standards. the economic ¢ofttri14Jli¢n of general volunteers is not ognIsed in the accounts. Grants r¢¢elved, included in the above, are as follows.. 2023 2022 Communty Foundation Wales Department for Work and Pensions Charities Trust Making a DIffenCe Locally Y Pant Sd)o Other grants 5,000 2,864 1,000 450 1.000 200 2.650 7,864 Page 18 continued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEIILENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023 OTHER TRADING ACTIVITIES 2023 2022 Fundraising events Shop sales 10,737 21,889 1.662 10.743 23,551 INVESTMENT INCOME 2023 2022 Deposit account InteSt 215 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Working with young people wilh leaming Gran15 78,826 Grants received, included in the above. are as follows- 2023 2022 Rhondda Cynon Taff Country Borough Council Intertink Rhondda Cynon Taff Tesco Bags of Help Community Grants Bridgend Assctiation of Voluntary Organisafjons Sported Foundation WCVA- Third Sector Resilien Fund for Wales First Give- Tonyrefail Community School Gwent Association of Voluntary Organisations Rank Foundation Carers Trust Bridgend Association of Vduntary Organisations 8.847 2,OCM) 4,OCK) 17,165 500 43.538 1,000 9.063 1.300 46,194 9846 64,887 78,826 RAISING DONATIONS AND LEGACIES 2023 2022 Fundraisers. commission & expenses Website fees Fundraising event costs 3,138 216 184 9,1rx) 726 3.538 OTHER TRADING ACTIVITIES 2023 2022 Volunteer expenses 439 70 Page 19 ntinued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 30 SEPTEMBER 2023 CHARITABLE ACTIVITIES COSTS Direct Costs lsee nots 101 Support osts (see note 111 Totals Working with young people with leaming 216.548 233.065 10. DIRECT COSTS OF CHARITABLE ACTIMTIES 2023 2022 Staff costs Hire of plant and machinery Roadshow and PR Motor and travel Rent. rates & office services Insuran Telephone and intemet Postage. slats'onery & advertising Staff welfare Fixtures & fittings depreciatKsn Life wise costs Donated goods and seNices COVID-19 Expenditure Bluestone Expenses Workshop costs Charitable Expenses e2.688 687 177 133 5,036 599 546 1.681 637 1,822 1,194 61,810 25,402 53,316 56,961 82 3,893 419 628 2,457 657 1,661 1,198 69,355 49,575 536 180 820 216.548 187,602 11. SUPPORT COSTS Staff costs Govern8n¢e costs Depiltion Other Totals Working with young p8oplo with learning disabilitie5 4,727 139 2,371 9,280 16.517 12. NET INCOMEIIEXPENDITUREI Net incomel{expenditure) is stated after ¢h8rgingl{credilingl'. 2023 2022 Depreciation- owned assets Operating leases Independent examination f68S 2,099 739 3.600 2,275 1,490 2.893 13. TRUSTEES. REMUNEFiATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 September 202312022- £nill. Trustees. expenses No trustee expenses were 1mbur$$d or paid on behalf of the trustees for the year ended 30 September 2023 {2022- £nill. Page 20 continued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 SEPTEMBER 2023 14. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 67,249 2,892 2,001 77,396 12,1431 2.569 72,142 77.822 The average monthly number of employeès duritYJ the year Was as follows.. 2023 2022 Number of employees No employees received emoluments in excess of £eo,ocx). 15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacies 131.673 131,673 Charitable actlvities Working with young pèoplè with leaming 2.000 76.826 78.826 Other trading activities Investment income 23.551 23,551 Total 157,233 76,826 EXPENDITURE ON Raislng funds Raising donations and lèga¢ie$ Other trading activities 10,372 70 10,312 70 10.382 10,382 Charitable aetivitie8 Working with young people with leaming 121.284 106.860 228.144 Totsl 131,666 1.860 238,526 NET INCOMEIIEXPENDITUREI 25,567 130,0341 (4.4671 RECONCILIAT50N OF FUNDS Total funds brought fotward 102,739 38,034 140.773 TOTAL FUNDS CARRIED FORWARO Q28,3( 8,000 136.306 Page 21 ¢onlnued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023 16. TANGIBLE FIXED ASSETS Fixlures and COST At 1 October 2022 and 30 September 2023 20.276 DEPRECIATION At 1 October 2022 Charge for year 14,997 2.099 At 30 Seplernber 2023 17.096 NET BOOK VALUE At 30 September 2023 3,180 AI 30 September 2022 5,279 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments and accrued income 335 295 832 630 4,081 18. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade credthrs Social security and othèr taxes Other creditors Accruals and deferred incotne 17 1,274 344 9,234 436 1.058 406 4,947 6.847 Included in accrual$ and deferred incorne above is £2,63412022'. £1,947} of deferred membership income received in advance of service delivery. All arnounts deferred in the year ended 30 Sepl8rnber 2022 were released to tho Statement of Financial Activities during the year ended 30 September 2023. Page 22 continued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 30 SEPTEMBER 2023 19. LEASING AGREEMENTS Minimum lease payments under non-cancellable ope18ting leases fall due as follows: 2023 2022 Within one ye8r 792 20. MOVEMENT IN FUNDS Net movement in funds Al 1110122 Al 3019123 Unr•strlctsd fund$ General fund 128,30S 1106,7661 21,540 Rtstri¢téd fund5 COVID-19 Pandemic Fund Play Stay and Sign Fund 8,000 14.200) 41,194 3,8 41.194 36.994 44.994 TOTAL FUNDS 136.306 69,7721 66.534 Net movement in funds. induded in the above are as fdlows.. Incoming sour Resources expended Movement in fvnds Unrestricted funds General fund 102.383 1209.1491 1106,7661 Restrlcted funds COVID-19 Pandemic Fund Play Stsy and Sign Fund Carers Respite Fund Shared Prosperity Fund {4,2001 14,2001 41.194 41.194 14.846 8,847 114.8461 8,8471 64,887 27.893 36.994 TOTAL FUNDS 167.270 237,0421 69.7721 Page 23 continued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023 20. MOVEMENT IN FUNDS- contlnued Ctsmparativtrs for movement in funds Net movement in funds Al 1110r21 At 3019122 Unrestricted funds General fund 102,739 25,567 128,306 Restrlcted fund$ IT Fund COVID-19 Pandernic Fund Wellbeing Together Lilewise Gwent Fund 3.000 27.934 5.000 2.100 13,0001 119,9341 15.0001 8,000 38.034 30.034 8.000 TOTAL FUNDS 140,773 4.467 1,308 Ciynparalive nel vement in funds, included in the above a as follow8-. Incorning rtrsouis Resources expended Movement in funds Unr•$tri¢tsd funds General fund 157.233 1131,6661 25,567 Restrlcted funds IT Fund COVID-19 Pandemlc Fund Wellbeing Together Lifewise Gwent Fund Play Slay and Sign Fund First GNe- Tonyrefail Community Fund 13,0001 190,460) 15.0001 12.100) 15,300) 1.000 13,0001 119.9341 (5,0001 12,1001 70,526 5,300 1,CX)O 76,826 106,860 30,034 TOTAL FUNDS 234.059 238,526) 4,467 COVID-19 Pandèmic Fund Supporting children, young people and older adults with disabilities, their siblings. young carers, earers, parents and guardians during the Covid-19 Pandemic. Induding regular zoom sessions, posting aCtitY packs and providing 24n advice and support. Funding was provided by the following organisations.. National Lottery- Aw8rd$ for All The National Lottery Community Fund . Coronavirus Communiiy Support Fund Postcode Neighbourhood Trust WCVA- VSRF Small grant Community Foundation Wales Neath Port Talbot CVS Interlink Rhondda Cynon Taff Torfaen Voluntary Alliance Sported Glamorgan Voluntary Service5 Tesco Bags of help Corntnunity Grants The Moondance Foundation Track 2000 Bridgend Association of Voluntary Organisations Voluntary ActK)n Merthyr Tydfil Page 24 continued...
FOLLOW YOUR DREAMS LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2023 20. MOVEMENT IN FUNDS - continued Stsy Play and Slgn Fund The Sign and Play Fund was originally sel up with funding from Tesco Bags of Help ComThunity Grants. The project was created to provide 8 break for tdrnilies in need ol respite. by providing a trlp to Bluestone resort. The funds were used to cover vénue hir& and staffing costs. Additional funding for this project was providèd by Tesco and Rank Foundation during the pViouS year, and Caiers Trust in 2023. Carers Respite Fund Fund established to provide respite to carers. £9,846 received from Bridgend AssoclalSon of Voluntary Organisations towards MÈ Tim& Carers Project. Additional £5,OCtI reiVed from Carers Trust to provide Zoom sessions focused on carers resplle. Shared Prosperity Fund Funding from Rhondda Cymon Taf of £8,847 towards Click RCT Project delivered in March and April 2023. Prior ear restrlcted funds Wellbeing Together Voluntary Action Merthyr Tydfil provlded fundlng lo support Wellbeing Wednesdays. a project which focuses on delivering a series of meet ups based on arts and craft activities via Zoom. Lifewise Gwent Fund Community Foundation Wales provided funding ttswards few1$e Gwenl. which delivers a weekly workshop to young people 18+ wilh leaming disabilities in the Gwent area. IT Fund The charity Set up a fund to try and replace their IT equipment. Tha fund was sUPPOrted in the 18119 financial year by the Ford Britain Trust and the Millennium Stadium Charitable Trust. Additional furkling was received from Glamorgan Volunt8ry Alliance during the current financial year to support the fund Flrst Glve- Tonyrefail Comfflunity School Funding was received via First Give, who in association with students at Tonyrefail Community Sd)ool provided a one off grant towards core ¢h8rilable 8Ctivities. A requirement of the fund5ng was that the grant be used to assist the school and students in the Tonyrefail area where possible. 21. RELATED PARTY DISCLOSURES The total key management personn81 remuneration benefits paid during the period was £50.017 P022.. £52,033). No fundraising income was received from trustees during the financial year. Donation income of £nil was received frorn trustees during the 22r23 financial year12022'. £nill. 22. PENSION COMMITMENTS The charity operates a defined contributlon pension s¢herne. The assets of the scheme are held sepaialely frotn those of the charity in Independent administered fisnds. The pension cost charge represents contributions paid by the tharity to the fund and amounted to £2,001 12022.. £2,569). OLrtsl8nding ntributIOnS due at the year end amounted to £35012022." £4041. Page 25