**REGISTERED COMPANY NUMBER: 06804617 (England and Wales) REGISTERED CHARITY NUMBER: 1129612**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2021**
**for**
**RCT PEOPLE FIRST LIMITED**
James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Mid Glamorgan CF37 4DY
**RCT PEOPLE FIRST LIMITED**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
**RCT PEOPLE FIRST LIMITED**
## **Report of the Trustees for the Year Ended 31 March 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The vision is to empower people with a learning disability to challenge prejudice and discrimination.
The mission is to increase awareness about the importance of equality and rights through training, education and support.
The principal activity of the charity is to challenge discrimination against people with a learning disability
· To offer opportunities for adults with learning disabilities to develop their self advocacy skills
· To make sure people with learning disabilities have a say in decision - making through-out Rhondda, Cynon, Taff, particularly where these decisions have a direct impact on people's lives.
· To support and up hold the rights and interests of people with learning disabilities.
· To offer training and education that will increase understanding about people with learning disabilities.
· To make sure people with learning disabilities are kept informed about issues that are important to them.
## **To meet our Aims we have set ourselves the following Objectives :**
· To make sure people with learning disabilities have their own independent organisation to protect their interests.
· To challenge discrimination towards people with learning disabilities.
· To empower individuals with learning disabilities by developing and or increasing their self - advocacy skills.
· To develop a number of Member's Committees, at county and local level.
· To make sure people with learning disabilities have a say in how services develop, and how to check out if they are what people want.
- To make sure people outside the organisation learn about, and see, the importance of people with learning disabilities having a say.
- To produce accessible information
- To support beneficiaries to speak up and take part in decision making forums.
- Deliver training to beneficiaries to increase their confidence and self esteem
- Deliver training to communities to break down barriers of prejudice and discrimination.
## **Strategic objectives**
RCT People First Limited strategic aim is to relieve and support those with learning disabilities living or working in the Rhondda Cynon Taff area, through services which enable them to obtain their full rights and privileges as citizens and to advance the education of the general public about the educational, physical, emotional and psychological needs of people with learning disabilities and to advance and promote education of all those with a learning disability, through training, workshops and group work.
Membership of the organisation is open to any person (over the age of 18) with a learning disability.
Page 1
**RCT PEOPLE FIRST LIMITED**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **ACHIEVEMENT AND PERFORMANCE Achievement and Performance**
This financial year we had to think of new ways to connect with people due to the Covid-19 Pandemic and to change the way we work by going online.
We supplied 71 ipads to our members Trained 516 students Trained 71 members on how to use an Ipad Delivered 17 online events Attended 43 external events Held 159 People First meetings Attended 144 external meetings Produced a Learning Disability Charter Involved 290 people in the Our Voice Matters Project Made a Kindness in Lockdown Film Held a CTM Lockdown Voices Campaign Produced 11 Co-production in a Action Case studies Wrote 8 reports about people's experiences Employed 4 people with learning disabilities
## Changes made
Members told us that:
"People First has really helped me out in lockdown"
"having an Ipad from People First has helped me to learn to use Facetime, Zoom and to stay in touch with others" "people First has been great, it's fun to see our friends on Zoom and Facetime all together"
"I'm glad I am working with People First it is really interesting and it has been really interesting and it has been an eye opener"
## **FINANCIAL REVIEW**
## **Public benefit**
The trustees have complied with their duty to have due regard to the guidance on public benefit as detailed by the charities commission.
## **Reserves policy**
The charity's income amounted to £234,834 (2019: £136,243). The charity's assets are available and adequate to fulfil its obligations on a fund by fund basis.
There were no changes in accounting policy during the year. Details of the Company's accounting policies can be found in note 1.
The total balance of all funds at 31 March 2021 amounted to £180,588 (2020: £78,241).
The balance of restricted funds at 31 March 2021 was £155,243 (2020: £74,220).
The balance of unrestricted funds at 31 March 2021 was £25,345 (2020: £4,021).
The charity now has insufficient funds to hold a contingency fund (2020: £Nil).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The organisation will:
- advertise through newsletters, flyers, posters and newspapers for all new trustees.
- interview all potential trustees.
- make background checks before offering appointments.
## **Organisational structure**
RCT People First Limited board of trustees is responsible for overseeing the management of the Charity and delegates this responsibility on a day to day basis to the management of the centre.
The financial statements comply with current statutory requirements and the Statement of Recommended Practice - Accounting and reporting by charities.
Page 2
**RCT PEOPLE FIRST LIMITED**
## **Report of the Trustees**
## **for the Year Ended 31 March 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees**
All new trustees will be expected to complete management and trustee training which the organisation will prepare and organise.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06804617 (England and Wales)
## **Registered Charity number**
1129612
## **Registered office**
C/O Arts Factory Ltd, Trerhondda The Strand Ferndale Rhondda Cynon Taff CF43 4LY
## **Trustees**
Miss F L Evans Trustee P Morgan Trustee Mrs E Honeyman Trustee Mrs R J Chick Trustee
The Executive Committee members are elected on an annual basis.
The Charity was established by Trust Deed dated 15th December 2008 and is registered with the Charity Commission, Number 1129612.
RCT People First Limited is an independent charitable voluntary organisation, set up, run by, and for, adults with a learning disability who live within or receive a service from Rhondda Cynon Taff Council.
## **Company Secretary**
Mrs D Price
## **Independent Examiner**
Darren Bowden FCA ICAEW James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Mid Glamorgan CF37 4DY
18th November 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Miss F L Evans - Trustee
Page 3
## **Independent Examiner's Report to the Trustees of Rct People First Limited**
## **Independent examiner's report to the trustees of Rct People First Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's 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 examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Darren Bowden FCA ICAEW James de Frias Chartered Accountants Llanover House Llanover Road Pontypridd Mid Glamorgan CF37 4DY
Date: .............................................
Page 4
## **RCT PEOPLE FIRST LIMITED**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|**31.3.21**
Unrestricted
Restricted
**Total**
funds
fund
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Charitable Activities
2
**19,772**
**380,194**
**399,966**
**EXPENDITURE ON**
**Charitable activities**
General
**(1,552)**
**299,171**
**297,619**
**NET INCOME**
**21,324**
**81,023**
**102,347**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**4,021**
**74,220**
**78,241**
**TOTAL FUNDS CARRIED FORWARD**
**25,345**
**155,243**
**180,588**|31.3.20
Total
funds
£
234,835|
|---|---|
|||
||224,638|
|||
||10,197|
||68,044|
|||
|||
||78,241|
|||
The notes form part of these financial statements
Page 5
## **RCT PEOPLE FIRST LIMITED**
## **Balance Sheet 31 March 2021**
|Unrestricted
Restricted
funds
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
**-**
**47,860**
**CURRENT ASSETS**
Cash at bank and in hand
**25,345**
**111,874**
**CREDITORS**
Amounts falling due within one year
8
**-**
**(4,491)**
**NET CURRENT ASSETS**
**25,345**
**107,383**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**25,345**
**155,243**
**NET ASSETS**
**25,345**
**155,243**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31.3.21**
**Total**
**funds**
**£**
**47,860**
**137,219**
**(4,491)**
**132,728**
**180,588**
**180,588**
**25,345**
**155,243**
**180,588**|31.3.20
Total
funds
£
11,322
67,261
(342)
66,919
78,241|
|---|---|---|
|||78,241|
|||4,021
74,220
78,241|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. F L Evans - Trustee
The notes form part of these financial statements
Page 6
**RCT PEOPLE FIRST LIMITED**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
Grants are recognised in full in the statement of financial activities in the year in which they are receivable. Grants received which are clearly specified for a future accounting period are shown as deferred.
## **Expenditure**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
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 basis of Staff time
Expenditure represents amounts disbursed in furtherance of the principal objects of the charity, and is allocated between direct charitable expenditure and administrative expenditure on an actual basis.
## **Allocation and apportionment of costs**
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 together with a fair allocation of management and administration costs, and support costs.
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.
Restricted fund overspends are covered by transfers from the unrestricted funds.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 7
continued...
**RCT PEOPLE FIRST LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. CHARITABLE ACTIVITIES**
|Other Income
Grants|**31.3.21**
**£**
**19,772**
**380,194**
**399,966**|31.3.20|
|---|---|---|
|||£|
|||10,574
224,261
234,835|
Grants received, included in the above, are as follows:
||**31.3.21**|31.3.20|
|---|---|---|
|Blaenau Gwent County Council|**31,655**|31,654|
|Rhondda Cynon Taff County Borough Council|**109,031**|118,631|
|Interlink Vol factor Grant|**3,700**|300|
|Merthyr Tydfil CBC|**11,961**|11,961|
|VAMT|**9,172**|5,335|
|Cwm Taff UHLB|**78,788**|56,380|
|Lloyds TSB|**25,000**|-|
|GAVO|**50,066**|-|
|Moondance Foundation|**7,425**|-|
|Disability Wales|**11,794**|-|
|Community Foundation in Wales|**30,000**|-|
|Leeds Building Society|**956**|-|
|WCVA Volunteering in Wales Emergency Fund|**10,646**|-|
||||
||**380,194**|**224,261**|
||||
||||
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**31.3.21**|31.3.20|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**7,604**|1,696|
|Other operating leases|**4,412**|5,979|
||||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 8
continued...
**RCT PEOPLE FIRST LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administrative staff
No employees received emoluments in excess of £60,000.
**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Charitable Activities
10,574
**EXPENDITURE ON**
**Charitable activities**
General
10,574
**NET INCOME**
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
4,021
**TOTAL FUNDS CARRIED FORWARD**
4,021
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2020
Additions
At 31 March 2021
**DEPRECIATION**
At 1 April 2020
Charge for year
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|**31.3.21**
**-**
Restricted
fund
£
224,261
214,064
10,197
64,023
74,220|31.3.20|
|---|---|---|
|||5|
||||
|||Total
funds
£
234,835|
||||
|||224,638|
||||
|||10,197|
|||68,044|
||||
||||
|||78,241|
||||
|||Fixtures
and
fittings
£
**29,793**
**44,142**
**73,935**
**18,471**
**7,604**
**26,075**
**47,860**|
|||11,322|
Page 9
continued...
**RCT PEOPLE FIRST LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.20
£
**4,021**
**74,220**
**78,241**
Incoming
resources
£
**19,772**
**380,194**
**399,966**
At 1.4.19
£
4,021
64,023
68,044|**31.3.21**
31.3.20
**£**
£
**1**
-
**4,148**
-
**342**
342
**4,491**
342
Net
movement
At
in funds
31.3.21
£
£
**21,324**
**25,345**
**81,023**
**155,243**
**102,347**
**180,588**
Resources
Movement
expended
in funds
£
£
**1,552**
**21,324**
**(299,171)**
**81,023**
**(297,619)**
**102,347**
Net
movement
At
in funds
31.3.20
£
£
-
4,021
10,197
74,220
10,197
78,241|31.3.20
£|31.3.20
£|
|---|---|---|---|---|
|||||-|
|||||-
342
342|
Page 10
continued...
**RCT PEOPLE FIRST LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **9. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|Unrestricted|10,574|(10,574)|-|
|**Restricted funds**||||
|Restricted|224,261|(214,064)|10,197|
|**TOTAL FUNDS**|234,835|(224,638)|10,197|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.19
£
4,021
64,023
68,044|Net
movement
in funds
£
21,324
91,220
112,544|At
31.3.21
£
25,345
155,243|
|---|---|---|---|
||||180,588|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
30,346
604,455
634,801|Resources
Movement
expended
in funds
£
£
(9,022)
21,324
(513,235)
91,220
(522,257)
112,544|Resources
Movement
expended
in funds
£
£
(9,022)
21,324
(513,235)
91,220
(522,257)
112,544|
|---|---|---|---|
||||112,544|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 11
**RCT PEOPLE FIRST LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
**Charitable Activities**
Other Income
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rent
Insurance
Telephone, postage, stationery
Courses and training costs
Travel costs
Grant Claw back
**Support costs**
**Management**
Advertising
**Finance**
Bank charges
**Other**
Fixtures and fittings
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|31.3.21
31.3.20
£
£
**19,772**
10,574
**380,194**
224,261
**399,966**
234,835
**399,966**
234,835
**159,731**
116,426
**11,571**
11,199
**15,382**
8,675
**4,412**
5,979
**937**
891
**19,926**
16,016
**37,139**
40,381
**10,184**
21,610
**19,069**
-
**278,351**
221,177
**9,800**
-
**8**
-
**7,604**
1,696
**1,856**
1,765
**297,619**
224,638
**102,347**
10,197|31.3.21
31.3.20
£
£
**19,772**
10,574
**380,194**
224,261
**399,966**
234,835
**399,966**
234,835
**159,731**
116,426
**11,571**
11,199
**15,382**
8,675
**4,412**
5,979
**937**
891
**19,926**
16,016
**37,139**
40,381
**10,184**
21,610
**19,069**
-
**278,351**
221,177
**9,800**
-
**8**
-
**7,604**
1,696
**1,856**
1,765
**297,619**
224,638
**102,347**
10,197|
|---|---|---|
|||234,835|
|||234,835
116,426
11,199
8,675
5,979
891
16,016
40,381
21,610
-|
|||221,177
-
-
1,696
1,765|
|||224,638|
|||10,197|
||||
This page does not form part of the statutory financial statements
Page 12