Turning the Red Lights Green Accounts for the year ended 31 March 2024 Contents and Charity Information Contents Page Report of the Trustees 1 to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8t013 Trustees Emmanuel Akoju Hobson Bullman Sian Constantine Roger Crabtree Peter Hains Anthony Kirk Philip Lane Caragh Mcmurtry Jane Miller Fred Peeling Ruth Rogers Susan Wallace {resigned 29.09.23) Secretary Elizabeth Taor Chief Executive Officer Elizabeth Ta5dor Registered Office Harveys Bam Park End Swaffham Bulbeck Cambridge CB25 ONA Company Registration Number 5485413 Charity Registration Number 1112429 Independent Examiner Geoff Mann FCIE Geoff Mann Ltd Dee House 13 Highworlh Avenue Cambridge CB4 2BQ Bankers Lloyds Bank plc 48 High Street Newmarket CB8 8LF
Turning the Red Lights Green Page 1 Accounts for the year ended 31 March 2024 Report of the Trustees The trustees. who are also directors of the charity for the purposes of the Companies Act. present their annual reporl for the year ended 31 March 2024. The accounts comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) (revised with effect 1 January 2019) Statement of Trustees. Responslbllities Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those accounts. the trustees are required to: Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. Prepare the accounts on the going concem basis unless it is inappropriate to presume that the charity will continue in business. State whether the policies adopted are in accordan with the Companies Act 1985 and with applicable accounting standards and statements of recommended practice. subject to any material departures disclosed and explained in the accounts. Observe the methods and principals of the Charities SORP. (iv) (v) The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time. the financial position of the charity and to enable them to ensure that the accounts comply the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregularities. The trustees confim) that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit vthen reviewing the Gharity's aims and objectives and in planning future activities. Structure, Governance and Management Governing document Tuming the Red Lights Green is a company limited by guarantee with charitable status which is governed by a memorandum and articles of aSSoation. Appointment of trustees Twstees are elected by the membership at the AGM. The board, between AGMS, fills vacancies and decides on Cowoptions.
Turning the Red Lights Green Page 2 Accounts for the year ended 31 March 2024 Report of the Trustees Trustee induction and training The trustees have reviewed the procedures in place for trustee induction and training by reference to guidance published by the Charity Commission. A trustee handbook and trustee tours of Red2Green's services have been devised in order to assist with their induction and training. Organisational structure The charity has a board of trustees who met five times durig the year and are responsible for its strategic direction and policy. in addition, other sub groups meet at regular intervals between the full board meetings. A chief executive offIr (CEO) is appointed by the trustees to manage the day to day operations of the charity- Each project manager reports directly to the CEO who monitors their progress, and that of their project, monthly. In planning their activities for the year the trustees have kept in mind the Charity Commission's guidance on public benefit at their trustees meeting. Risk management The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels. combined with an annual review of the wntrols over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confinn that they have established systems to mitigate the significant risks. Objectives and Actlvltles The charity's objects are to increase opportunities in education. training. work and leisure for people with disabilities and special needs and their carers in South and East Cambridgeshire. Achievements, Performance and Future Developments These are covered in the charitys 2024 annual report. Financial Review Reserves policy A revised policy on reserves was agreed at the board meeting held on 29th September 2023 and is stated below.. The trustees seek to maintain a level of reserves which ensure our financial resilience and sustainability. This should take into account the obligations the charity has to its clients, staff, funders ane other stakeholders, recognising the risks identified in our risk register. Primarily this should ensure thal Red2Green is sufficiently financially robust lo carry out its core activities even during a period of unforeseen difficulty.
Turning the Red Lights Green Page 3 Accounts for the year ended 31 March 2024 Report of thè Trustees The trustees have adopted a knrst-case, scenario in determining the target level of reserves by seeking to retain sufficient funds in order to manage the closure of the charity in an orderly manner equitable to all parties involved. Clearly. this would be a matter of last resort and, hopefully, such reserves could also be employed in a manner to avoid such closure by seeking alternative income streams or other mitigating actions to sustain the charity through a period of great drfficulty. Regular financial forecasts are made throughout the year to compare with the approved budget and these are reviewed as part of our board meetings. Should such forecasts indicate that the reserves policy is under threat the trustees will look to determine rf this is likely to be a temporary or a permanent situation and then take appropraite ackn'on to mitigate the sttuation. The actual level of reserves may also exceed the reserves policy figure. This will provide the trustees with. for example: A buffer to cover short term cash flow movements. as are inherent in any organisation which invoices others for services provided A fund to exploit a new venture or investment designed to provide a long term benefit to the organisation or its stakeholders Funds to provide for the replacement of the charitys fixed assets or expansion of such To cover a temporary shortfall in the level of grants obtained which. by their nature, are uncertain and variable The reserves policy will be reviewed annually as part of the approval of the financial accounts and any recalculation of the amounts needed wll be carried out at that time. This will be evidenced in the published accounts of the Charity. The calculation of the reserves policy for 2023124 is as follows: The reserves level will be set at 1 £188.681 Redundancy Contractual Notices for Staff Rent Harvevs Barn Rent Granary Barn Winding down costs Contingency 74.757 79,474 9,250 3 month's notice 13.200 12 month's notice 6,000 6,000 188,681 Actual unrestricted reserves as at 31.03.2024 216.411
Turning the Red Lights Green Accounts for the year ended 31 March 2024 Report of the Trustees The values in the table are updated each year based on the latest data available. The above report has been prepared in accordance with the small companies regime of the Companies Act 2006. It was approved by the trustees on 27 September 2024 and signed on their behalf ony Kirk Trustee
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Turning the Red Lights Green Page 5 Accounts for the year ended 31 March 2024 Independent Examiner's Report To the Trustees of Tuming the Red Lights Green I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 set out on pages 5 to 12. Responsibilities and Basis of Report As the charitls trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your CharItS accounts as Carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination. I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent Examinerfs Report I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that: accounting records were not kept in accordance section 386 of the 2006 Act. or - the accounts do not accord with such records. or - the accounts do not comply with relevant accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view vthich is not a matter considered as part of an independent examination" or - the accounts have not been prepared in accordance with the Chartties SORP (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Geoff Mann FC Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
Tuming the Red Lights Green Page 6 Accounts for the year ended 31 March 2024 Statement of Financial ActFvities 2024 Unrestricted Restricted funds funds 2023 Unrestricted Restricted funds funds Total funds Tolal funds Notes Income Incoming resources from generated funds- Investmenl income Incoming resources from charitable activities- Contracts for setvIS Grants and donations Miscellaneous InMe 2.487 2,487 1,528 1.528 782,323 63.197 5,914 782,323 153.188 5,914 672,071 121.158 8,413 672,071 186.349 8,413 89.991 65,191 Total Income 853.921 89.991 943.912 803.170 65.191 868.361 Expendlture Charitable aclivities 929.629 89.991 1.019.620 786.085 65.191 851.276 Total Expendlturè 929,629 89.991 1,019,620 786,085 65,191 851,276 -75.708 -75,708 17.085 17,085 Transfer5 10 Net In¢omel{¢xpenditure) and net movement In funds for the year -75.708 -75,708 17.085 17,085 Reconciliation of funds Total funds brought forward 292.119 292.119 275.034 275.034 Total funds carrled forward 216,411 216.411 292.119 292.119 Statement of Total Recognlsed Gains and Losses There were no recognised gains or losses for 2024 or 2023 other than those induded in the Statement of Financial Activitl8S.
Turning the Red Llghts Green Page 7 Accounts for the year ended 31 March 2024 Balance Sheet 2024 2023 Notes Fixed Assets Tangible assets 4,498 8.997 Total Fixed Assets 4,498 8.997 Current Assets Stocks Debtors Cash at bank and in hand 500 63,269 168,874 500 80,152 252,349 Total Current Assets 232,643 333,001 Creditors.. amounts falling due within one year 20.730 49.879 Net Current Assets 211,913 283,122 Net Assets 216.411 292,119 The Funds of the Charity Unrestricted funds Restricted funds 216.411 292,119 Total Charity Funds 216.411 292,119 For the year ended 31 March 2024 the charity was entttled to exemption from audit under section 477 Companies Act 2006 and no notice has been deposited under section 476. The trustees acknowledge their responsibilites for ensuring that the charity keeps accounting records which comply with section 386 of the Act and preparing accounts which gtve a true and fair view of the state of affairs of the charity as at the year end and of its deficit for the year in accordance with the requirements of sections 393 and 394 and which otherwise comply wth the requirements of the Companies Act 2006, so far as applicable to the charty. The accounts have been prepared in accordance with the provisions of the Companies Act 2006 applicable to charities subject to the small companies regime and were approved by the trustees on xx September 2024 and signed on their behatf. Anthony Kirk Trustee
Turning the Red Lights Green Page 8 Accounts for the year ended 31 March 2024 Notes to the Accounts Accounting Policies {a) Basis of Preparation of Accounts The accounts have been prepared in accordance with Accounting and Reporting by Charities- Statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Revised with effect 1 January 2019)- (Charities SORP (FRS 102)). the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Turning the Red Lights Green meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reeognised at historical cost or transaction value unless othepwise stated in relevent accounting policy note(s). (b) Income Incoming resources are recognised in the year in which the charity is entitled to the reipt. and the amount can be measured Vth reasonable certainty. Income is only deferred when the charity has to fu11 conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. (c) Expenditure Includes all expenditure inCued by the charty other than that which has been capitalised. (d) Operating Leases Rentals applicable to operating leases. where substantially all of Ihe benefits and risks of ownership remain with the lessor. are charged against income as incurred. (e) Pensions The charity operates a defined contribution pension scheme. The pension charge represents the amounts payable by the charity to the fund in respect of the year. (o Fixed Assets Depreciation is provided on all tangible fixed assets at rates calculated to write-off the costs less estimated residual value of each asset over tts expected useful lrfe with a full year's depreciation being charged in the year of acquisition as follows: Garden buildings Fixtures and fittngs Motor vehicles 100/0 Straight line basis 33.330/0 Straight line basis 25 % straight line basis
Turning the Red Lights Green Page 9 Accounts for the year ended 31 March 2024 Notes to the Accounts Expenditure on office equipment and garden tools is yrtten off in the year in which it is incurred. The trustees are of the opinion that such expenditure has no economic value, and that, in view of this and the nature of the organisation, such costs should not be capitalised. The charity only capitalises assets costing in excess of £1,000. Typically assets under this value have an economic benefit to the charity of less than one year and are considered revenue in nature. (g) Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure. (h) Debtors Trade debtors and other debtors are recognised at their settlemenl amount due after any discounts. Prepayments are valued at the amount prepaid net of any trade discount due. Creditors and Provisions Creditors and provisions are recognised where the charty 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. IJ.) Going Concern The trustees consider that there are no material uncertainties about the charitable companls ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities viithin the next reporting period. (k) Fund Accounting Restricted funds are to be used for the specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund, together with a fair allocation of overhead and support costs. Designated funds are unrestricted funds. which have been designated for special purposes by the trustees. Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objects of the charity.
Turnlng th• Red Llghts Green Page 10 Accounts for tho ygar gnd8d 31 March 2024 Notes to the Accounts Grants and Donatlons 2024 unrestrict Restricted funds fvnds 2023 unrestrict Restricted nds fiJnd5 Totsl fvnds Totsl funds Access lo Work ARM Holdings Bailey Thomas Cambs Community Foundation Cooperative Group D'oyley Carte Edward G0s1ng Foundation Enabling Actiwties Trust European Metal Recyders Evelyn Trust Hobson Chadty Illumina Jurgens Charitable Trust Llving Sport Foundation Lloyds Bank Foundation Neighbourly Foundation Pye Foundation Robert McAlpine Sir Jules Thom Charilable Trust Strangward Trust Three Guineas Twst Others less than £2.0 8.545 25.000 6.580 34.0(K) 15.0 6,580 34.000 15,000 9.000 2.816 25.OLK) 11,595 11,595 9.000 2.816 12.5(Kl 12.5LK) 6.5 12,500 12.500 6.800 17.123 17.123 16.113 16.113 8.057 8.057 4,000 5.018 23,575 5.000 4,500 2,500 3.000 5,000 26.000 13,003 4.000 5,018 23,575 5.000 4.500 4.500 2.500 3.000 5.000 29.(KJO 29.000 12.652 26.0 12,652 13,003 63.197 89,991 153.188 121.158 65,191 186.349 Total Exp8ndlturo 2024 Charitable Goveman actimties costs 2023 Charitable Goveman aCtitte$ costs Total expenditure Total Jpenditure Governan and stralegy Other costs Staff Costs (note 4} 960 0 201,494 0 648.822 198,219 820.421 198.219 820.421 201.494 648.822 1.018.640 1.019.620 850.316 960 851.276
Turning the Red Lights Green Page 11 Accounts for the year ended 31 March 2024 Notes to the Accounts Staff Costs No remuneration was paid to any of the trustees in the year. Expenses totalling £nil (2023 - £42) were reimbursed to them. The staff costs were: 2024 2023 Wages and salaries Social security costs Pension contributions 720,426 52,707 47,288 568,334 39,911 40,577 820,421 648,822 The average weekly number of stsff employed by the charity during the year was 39 {2023 - 341 No member of staff eamed more than £60,000. Net Movement in Funds for the Year The net movement in funds for the year is stated after charging: 2024 2023 Independent examination fee Operating lease rentals: 980 52,026 960 47,307 Land and buildings Other Commitments At 31 March 2024 the charity had annual commitments under non Cancellable operating leases as follows- Land and buildings 2024 2023 Expiry date: Within three years Within five year Granary Bam Harvevs Bam 13,200 37,000 12,000 1,480
Tumlng the Red Llghts Green Page 12 Accounts for the year ended 31 March 2024 Notes to the Accounts Tangible Fixed Assets Leasehold Fixtures improvements and and garden fftlings buildings Garden tools and offi equipment Motor vehicles Total Cost At 1 April 2023 Addilions Disposals 132.121 19.225 14.991 42,195 208,532 At 31 March 2024 132.121 19,225 14.991 42.195 208.532 Depreclatlon At 1 April 2023 Charge for the year Disposals 132.121 19.225 14.991 33.198 4,499 199,535 4.499 At 31 Marth 2024 132.121 19.225 14,991 37,697 204.034 Net Book Value At 31 March 2024 4.498 4.498 At 1 April 2023 8,997 8,997 Debtors: Duo within one ar 2024 2023 Prepayments Other debtors Trade debtors 2,782 17.734 42,753 2,613 13.780 63,759 63,269 80,152 Credltors: Due within one year 2024 2023 Accruals and deferred income (see below) Trade creditors 3.839 16,891 38.208 11,671 20,730 49.879
Turning the Red Lights Green Page13 Accounts for the year ended 31 March 2024 Notes to the Accounts Credttors: Due within one year {eontinued) 2024 2023 Income deferred to the year ended 31 March 2024 included above- Cambridgeshire Communty Foundation Coop ECDC Enabling Activities Trust Illumina Three Guineas Trust 11,595 3,089 750 6,500 16,113 4,000 3,839 38,208 10 Related Party Transactions There were no related party transactions in the year that required disclosure. Restricted Funds Brought Income Expenditure Transfers forward Carried forward Aspirations Core Costs Options 50.221 25,113 14.657 50,221 25,113 14.657 89.991 89,991 Aspirations Providing lrfe skills training to adults with autistic spectrum conditions. Head offi and support services such as Finan. Facilities and Management costs to support the operational services. Horticultural and educational opportunities for adults with disabilities. Providing transport enabling Clients to attend activities. Core Costs Options