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2022-08-31-accounts

REGISTERED COMPANY NUMBER: 07094662 (England and Wales) REGISTERED CHARITY NUMBER: 1135811

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

R.E.A.L. FOUNDATION TRUST

Tumerwarran Glanford House Bridge Street Brigg DN208NF

R.E.A.L. FOUNDATION TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

Page
Report of the Trustees **to9 **
Independent Examiner's Report 10
Statement of Financial Activities 11
Statement of Financial Position 12
to13
Notes to the Financial Statements 14
to21
Detailed Statement of Financial Activities 22

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

The Trustees present their annual report together with the unaudited financial statements for the year I September 2021 to 3 1 August 2022.

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report & Director's report) Regulations 2013 is not required.

Chair's REPORT

The R.E.A.L. Foundation Trust has continued to provide opportunities and services for children and young people across the East Midland counties of Nottinghamshire, Derbyshire and Leicestershire.

As opportunities for engaging with the community start to move forward again post pandemic there has been a strong focus on completing work on further phases of the development of the Charity's Landmark Centre in Pleasley, Mansfield. A further substantial grant has enabled the completion of work on the creation of a new community cafe that will also offer work experience opportunities in the catering industry; works are well advanced and it will open during the autumn of 2022. This will create a social space to encourage vulnerable young people the opportunity to engage post-covid in a friendly non-threatening environment and will help support initiatives we have started during the pandemic, with surplus production aiding the challenges of child f d poverty. As Trustees, we place significant emphasis on elements that contribute to successful learning. Food poverty and personal wellbeing are two key areas that are emerging post Covid that we shall continue to address.

It was great to see the successful completion of the Coast to Coast cycle ride in May this year during the weekend of the Queen's Jubilee celebrations. We are indebted to the fabulous efforts of the 5 riders who cycled from Whitehaven to Tyneside and raised significant funds to further develop Charity initiatives. Thanks are also due to the organisers of the annual golf tournament which was blessed with glorious weather and an exceptional turnout of players from local companies and organisations. This, once again, raised valuable funding for the Charity.

The Charity's headquarters at Pleasley has seen considerable improvements over the past two years. Following the opening up of the facilities at the end of the last financial year there has been a pleasing take up of opportunities for community groups. These include a Scout group, drama, f tball and Taekwondo. Each group offers supported places for some of the more vulnerable youngsters in the community. During the coming year we hope to extend this offer with further opportunities.

We have reviewed the roles of Trustees during the year and considered ways of improving support to the Charity Manager in different areas. Going forward each Trustee will have a designated role based on their experience and interests. It is hoped that this approach will improve our offer going forward.

The Children in Need grant continued to provide access to social opportunities for young people as we come out of the covid restrictions. Further grants are now in place to provide continuity to the project. We have completed the first year of funding The for a coordinator for a new project - "Freetirne" and confirmation has been given for the second year of funding. "Freetime" project will build on the current key themes to provide an increasing range of personal leisure time activities to promote independence and confidence for our target group.

Page 1

~~R.f.A,L, FQU�J,\IQj TRUST~~

R£P0Jfr OJ''fHt� iRUSn.:1�s FOR THE VEAR [!OED .ll AUCCST 2(121

The structure is comi:,g into place f<.>r ut w '-lrtng�hen 0:11 :it..,nding in th� commun'1)' Wilh this funhcr cng.ai;tn1c111 ,�t h(IJIC tune and pla) mOfc actj\'t' roles in tlto >upp()rt 1ne de\clopment of more ·tqua lit) oppo1tuniues fo1 duldrtr1 y,ou:,s re<>vlc and chcir fomihes to enjoy 1hcir lcisur� t1 <:c11rm11:11itie�. We ,i:1111 rl. to local cducalion $Cllings to o!Tcr ,\,:,Iii p!a«-mtms a1\d tralnmg 10 �()\mg, people requiring focused suppon to o,crcom.- challenges to tht,r !-taming. Ousirt� these <.:ha!lcnguig trmes we und.-rsiand the pres�11re11 Cln �111 giv 11g orgo1i.i.sa1ion! We shall focW- on d,cc\·cloping acthiti-cs tl'.31 bring re,•enuc liuough commcr.:taJ opportu.niucs a1>d sp<insored fundraisrng 111 addi1!q.; 10 1tppli1;31ion� for wants from organisations whosc­ objeoi,i:s tt� a.1i�1c•d lo uur ,.n�n.

Cbl'.r ofTnmces

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit:running a charity (PB2)'.

The purposes of the charity are:

The vision is shaped by the R.E.A.L. Foundation Trust through seeking to raise the aspirations of children, young people and their families who have become disengaged from education and their communities and have consequently become significantly hard to reach. In partnership with schools, colleges and specialist organisations it provides opportunities to stabilise situations in order to develop their skills, capacities and capabilities.

Through the building of quality relationships and experiences, the R.E.A.L. Foundation Trust aims to enable young people to build up their self-esteem to enable them to participate as independent, mature and responsible individuals within their communities and wider society.

The Trustees take the holistic view that the reengagement in Education and communities needs a broad approach; and attention to the detail of a young person's needs is a key to success in this work. It endeavors to support complementary approaches and working environments focused on encouraging the reengagement of children and young people with their learning. It seeks to provide assistance in all areas of a young person's wellbeing and personal development. In re-engaging and guiding young people onto the most appropriate accredited pathways and offering advice, information and guidance the R.E.A.L. Foundation Trust aims to promote employability and future economic wellbeing of the young people it works for.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The strategies employed for achieving our objectives within local communities include:

Putting these strategies into action moving forward we shall have two major areas of activity which are: out of school programmes that meet the needs of local communities and, in particular, provision for young people with additional needs within their own communities.

Funding from this is drawn mainly from grant aid, donations and fundraising events. In order to grow and develop opportunities we have established a bid writing team and a range of further fundraising events.

Page 3

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

In addition the new financial year will see donations from surpluses made by the community cafe and commissions for the Freetime team. Accordingly, we shall continue to develop our commissioning model to roll out the "Freetime" project. This will help to deliver the core objectives and provide additional revenue.

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

During the course of the year, the Trustees continued to look at ways to fund proposals that will meet the charitable aims and enhance the educational experience and outcomes for disadvantaged and hard to reach children and young people.

There are a number of fundraising events planned for the coming year and the facilities at the Landmark Centre will enable a broader range of opportunities and increase the Charity's profile in the community.

Important developments in the past year have been the completion of further facilities in the Landmark Centre and work on the Freetime project.

New funding will ensure continuity ofFreetime when the current grant expires and provide a long term, sustainable resource for young people's leisure time.

The new cafe will establish a new community interest company with the Charity as the sole Member. Donations of any surpluses will be a new source of revenue to the charity for the next financial year.

d. VOLUNTEERS

The R.E.A.L. Foundation Trust is extremely grateful to those who gave their services voluntarily over the past year and to those who have supported fundraising events.

ACHIEVEMENTS AND PERFORMANCE

a. KEY FINANCIAL PERFORMANCE INDICATORS

The development of new revenue streams will be created by the Cafe and rental incomes at the Landmark Centre will support those that are already established. Together with successful commissioning bids, grant support and donations the Trust can build on a healthy foundation during the coming year. The breadth of new donors has placed fundraising in a much stronger position, and we look for this trend to continue. We continue to review the structured approach to bid writing. Completed projects will support the financial position of the Charity. We look forward to more success in this area.

b. REVIEW OF ACTIVITIES 2021-22

The Trust's success in securing grants from local councillors enabled support through the provision of food parcels for pupils and their families who would normally receive free school meals during the holiday periods. The grants contributed towards the costs incurred for providing the f d, transportation and expenses incurred for this much needed support. During this time we supported a significant number of families.

In the Autumn term, holiday clubs that included trips to f tball matches, places of local interest and other local leisure time activities were run in conjunction with Children in Need. In the Summer term, with further support of grants from the local County Councillor, well supported holiday clubs were run at the new Pleasley headquarters. These included sports days, a cinema club, arts and craft and technology sessions. Feedback was very positive and the use of the centre is continuing to improve f tfall from the local community.

Page4

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

There have been a number of funding applications for personalised leisure time activities. Focus continues to be targeted at creating more group opportunities post pandemic to encourage social opportunities for young people in the light of research on children's wellbeing post pandemic.

The Charity Manager has worked with the local strategic partnership to develop business strategy.

c. FUND RAISING ACTIVITIES/INCOME GENERATION

The major fundraising event was the golf day in July 2022 which achieved record income. In addition the Coast to Coast cycle ride added substantially to the year's fundraising total. The Trust was also successful in securing grant funding from several sources to achieve its objectives.

Moving forward to 22/23, the provision of services for the "Freetime" project will further support income generation and dialogue with commissioners has considered ways of improving the impact of the project. The "Roots" community Cafe will donate surpluses to the Charity at its year end.

d. INVESTMENT POLICY AND PERFORMANCE

There were no surplus funds to invest during the course of the year.

e. FACTORS RELEVANT TO ACHIEVE OBJECTIVES

The unique relationships the charity has developed to ensure the quality delivery of services to children and young people in need are a key to developing its profile as a major contributor to this area of work, particularly in the East Midlands where it is based.

FINANCIAL REVIEW

a. GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. RESERVES POLICY

Reserves are that part of the Trust's unrestricted funds that is freely available to spend on any of the Charity's purposes. Unrestricted reserves at 3 I st August 2022 were £32,080. The Trust maintains free unrestricted reserves to:

The Board of Trustees will apply the above criteria with reference to the annual plans and determine the target level of reserves accordingly. The Board will at times designate funds from free reserves for significant project costs or the replacement/purchase of major assets.

Page 5

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

c. PRINCIPAL RISKS & UNCERTAINTIES

The Trustees have assessed the major risks to which the Trust is exposed. At a time of increasing competition for funding streams and reductions in local authority spending, it is clear that direct funding will be limited and the margins for any services will come under scrutiny. The Trustees have identified some core areas for development that will help to maintain the Trust's momentum and support future growth and security. This includes a review of existing areas of delivery to consider other revenue and delivery possibilities.

As a consequence the Charity Manager has reviewed current demand for places within the local Short Breaks offer and has produced a three year plan to develop internal services in line with growing demand. This has been supported with grants from local charities for key staff and approval from local authorities to provide services.

Increased competition for funding opportunities has indicated that a more structured and sustained approach needs to be taken to project development. The Charity Manager will continue to develop this area of work.

At a time when local authority cutbacks are having significant impact, the trustees identify that although there will be risk and uncertainty, this will also provide the Trust with opportunities to increase their profile and outreach to young people in need.

d. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

By keeping overheads to a minimum the Trustees limit any financial risks. Such risks as may occur are continually monitored.

All fund raising events are safeguarded by sponsorship and a policy of assessing the risk and ensuring break-even before confirmation.

e. PRINCIPAL FUNDING

The Charity has been funded by small grants from local and national organisations.

The support of a fundraising team and administration will further aid the development of additional funding streams in the future. This will be sponsored through a Service Level Agreement with R.E.A.L. Education Ltd.

Page 6

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION

The company is registered as a charitable company limited by guarantee.

The company is a registered charity number 1135811

The principal object of the company is to provide support to young people who present with the most challenging individual needs in terms of additional support and complexity. It supports delivery from organisations and individuals across a number of venues in the East Midlands.

The focus is very much on delivering stimulating and safe experiences for young people whilst looking particularly at organisations who offer real outcomes and promote skills for work and life. There is a particular emphasis on achieving accredited outcomes within the National Framework that are appropriate to an individual's needs and capabilities.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

It is the R.E.A.L. Foundation Trust's policy that Trustees should be supported in all aspects of charitable training that is needed in conjunction with their role. It will be made available as required. Opportunities have been identified for Trustees to attend courses and funding can be applied for directly from the Charity to support this.

d. PAY POLICY FOR KEY MANAGEMENT PERSONNEL

The charity has no senior staff directly employed.

e. RELATED PARTY RELATIONSHIPS

The R.E.A.L. Foundation Trust maintains a register of all Trustees interests and any potential conflicts that may arise during the course of their business. There is a clear structure within all meetings for the declaration of 3rd party interests and these are minute. All Trustees are aware of the related "Conflicts of Interest" policy that sets out guidelines for their involvement.

f. FINANCIAL RISK MANAGEMENT

Trustees are aware that the development of the new headquarters and the "Freetime" service, will create an element of financial risk. These have been mitigated with long-term sub-letting agreements that will cover a significant overhead. In addition, tight financial controls will be in place to manage the growth of the "Freetime" services and the support of long-term grants to cover principal wages will go a long way to reduce risk and uncertainty.

By keeping tight controls on overheads, Trustees will limit any financial risk.

The charity has in place a Service Level Agreement with R.E.A.L Education Ltd that funds the secondment opportunities and services at no cost. This further alleviates financial risk.

Page 7

R.E.A.L. FOUNDATION TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

g. TRUSTEES INDEMNITIES

In furtherance of the Articles of the charity:

To provide indemnity insurance to cover the liability of the Trustees (or any Trustee)

which by virtue of any rule of law would otherwise attach to them in respect of any negligence default breach of trust or breach of duty of which they may be guilty in relation to the Company Provided that any such insurance shall not extend to any claim arising from any act or omission which the Trustees (or any Trustee) knew to be a breach of trust or breach of duty or which was committed by the Trustees in reckless disregard of whether it was a breach of trust or breach of duty or not and provided that any such insurance shall not extend to the costs of an unsuccessful defence to a criminal prosecution brought against the Trustees (or any Trustee) in their capacity as Trustees (or Trustee) of the Company. Indemnity Insurance provision is made through brokers: Cowans (Mansfield):

Policy Number S22 l 12 Renewal O 1/09/2022 Indemnity amount: £1,000,000

PLANS FOR FUTURE PERIODS

MEMBERS LIABILITIES

The liability of the Members is limited. Every Member of the Company undertakes to contribute such amount as may be required (not exceeding one pound) to the assets of the Company in the event of its being wound up while he is a member or within one year after he ceases to be a Member for payment of the debts and liabilities of the Company contracted before he ceases to be a Member and of the costs charges and expenses of winding-up and for the adjustment of the rights of the contributories among themselves

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of the Company for the purpose of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

Page 8

~~Rt~~ [PORT OF JI][& ][TRl][STr.i][:][.][i] ioK rut YtAR .Noi11 J AUGUST[20::]

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• Plcp.:.rc finandal Matcmcnts on tbc going concern basis unless ii is inapprop.m1!t to ptcsumc 1h:1t tht Company wtll commve in business

The Trv�l«s arc responsible for keeping .i�quatt oocovnling ttcords 1h21 :�c !>11ffte�111 to Mlow and c:,,pt11m 1h<! Comp.,n1e$ 11·ar1sattions and di.SCI�� with rt!l$Ol'l lhle attllt:iC':, :it a11y 1in)t the financi:d posi1ion or the Con·pany and c-nablc them 10 wsurc tluit the finar;dal Sliltcmcnts comply v.tth thc Corrp;mi� Act 2006, They ;:.re ;,ho rc:ipon�lbk for safc-g1 ardintz lht assc!S of the Com1,any and hence fot ta'.,mg rcaiOOablc s!ep,s for the p,rcH�mion and dt'tCC!ion of fraud and O(hCJ u1"<',g-ulantk�.

R£F'F.RENC£ ANO ADM INISTRA TIV[ OF.TAILS Rc-.:btucd Company number 0709466'2 (F:nsJand :lrtd Wale$)

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Comp9ny S«rtt:H) tvh J B)titl

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Page9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF R.E.A.L. FOUNDATION TRUST

Independent examiner's report to the trustees of R.E.A.L. Foundation Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.

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 am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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

  2. 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

  3. 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 m accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland (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.

�

Keith Hunt BA(Hons) ACA

The Institute of Chartered Accountants in England and Wales

Tumerwarran Glanford House Bridge Street Brigg DN20 8NF

26 May 2023

Page 10

R.E.A.L. FOUNDATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

Unrestricted
fnds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,327
Other trading activities
2
11,568
Investment income
3
53,754
Total
71,649
EXPENDITURE ON
Charitable activities
Grants
6,406
Other
69,383
Total
75,789
NET INCOME/(EXPENDITURE)
(4,140)
RECONCILIATION OF FUNDS
Total fnds brought frward
36,220
TOT AL FUNDS CARRIED FORWARD
32,080		 Restricted
fnd
£
186,441
186,441
46,032
46,032
140,409
54,410
194,819		 31.8.22
Total
fnds
£
192,768
11,568
53,754
258,090
52,438
69,383
121,821
136,269
90,630
226,899		 31.8.21
Total
fnds
£
79,259
9,835
33,733
122,827
39,638
74,001
113,639
9,188
81,442
90,630

The notes form part of these financial statements

Page 11

R.E.A.L. FOUNDATION TRUST

STATEMENT OF FINANCIAL POSITION

31 AUGUST 2022

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOT AL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted fnds
Restricted fnds
TOTAL FUNDS
Notes
8
9
11
Unrestricted
funds
£
32,267
25,381
57,648
(25,568)
32,080
32,080
32,080		 Restricted
fnd
£
164,297
5,000
35,865
40,865
(10,343)
30,522
194,819
194,819		 31.8.22
Total
fnds
£
164,297
37,267
61,246
98,513
(35,91 I)
62,602
226,899
226,899
32,080
194,819
226,899		 31.8.21
Total
fnds
£
23,760
131,920
155,680
(65,050)
90,630
90,630
90,630
36,220
54,410
90,630

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 12

continued ...

R.E.A.L .. rou,'DA TIO. TRUST

S[T ] ATF.'-1£''T OF ll "A "CIA k POSITION• snn(inucd �I Al!GUSJ,022

These fi.nanci:i.l s1.a1emenL� hf!\� !.)te·1 prer,:i.�d in 11.:cordwr1ct ',I ith the' prov1$100$ /lpplicllbk to th:.11 t,1b!c <.:ompanics subJc(1 to the $i11:1.IJ (omp;anics rcgLme.

The linand-1I st:t:cmnts were approved by the Bo!lrd ofTrus1ccs 11nd lltJLhoriscd fo, issue on 26 \if!) 2023 :ind wtrt ,:i$J'led c>n ilJ bc\i b;.··

13 C Smith • Trus1ee

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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 I 02) '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 I 02) ( effective I 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

continued ...

Page 14

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2022

2. OTHER TRADING ACTIVITIES

3.

4.

OTHER TRADING ACTIVITIES
31.8.22 31.8.21
£ £
Fundraising events 9,860 9,835
Charitable aims befiending 1,708
I 1,568 9,835
---
---
INVESTMENT INCOME
31.8.22 31.8.21
£ £
Rents received 53,754 33,733
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated afer charging/(crediting):
31.8.22 31.8.21
£ £
Rent 24,684 I 1,825

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 3 I August 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 3 I August 2022 nor for the year ended 3 I August 202 I.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVJTIES

Unrestricted
fnds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
33,148
Other trading activities
9,835
Investment income
33,733
Total
76,716
EXPENDITURE ON
Charitable activities
Grants
5,160
Other
74,001
Total
79,161		 Restricted
fnd
£
46,1 I I
46,1 I I
34,478
34,478		 Total
fnds
£
79,259
9,835
33,733
122,827
39,638
74,001
113,639

continued ...

Page 15

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
Restricted
fnds
fnd
£
£
NET INCOME/(EXPENDITURE)
(2,445)
11,633
RECONCILIATION OF FUNDS
Total fnds brought forward
38,665
42,777
TOTAL FUNDS CARRIED FORWARD
36,220
54,410		 Total
fnds
£
9,188
81,442
90,630

7. MEMORANDUM AND ARTICLES OF ASSOCIATION

The Memorandum and Articles of Association were amended by resolution dated 26th September 2022.

8. TANG IBLE FIXED ASSETS

9.
COST
At 1 September 2021
Additions
At 3 1 August 2022
DEPRECIATION
At 1 September 2021 and 3 1 August 2022
NET BOOK VALUE
At 31 August 2022
At 3 1 August 2021
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income		 Short
leasehold
£
112,502
112,502
112,502		 Fixtures
and
fttings
£
140
51,795
51,935
140
51,795
31.8.22
£
12,915
14,500
9,852
37,267		 Totals
£
140
164,297
164,437
140
164,297
31.8.21
£
3,630
858
19,272
23,760

continued ...

Page 16

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22 31.8.21
£ £
Trade creditors 17,909 3,083
Social security and other taxes 1,145
Other creditors 1,625 44,727
Accruals and defrred income 15,232 17,240
35,911 65,050

11. MOVEMENT IN FUNDS

At 1.9.21
£
Unrestricted funds
General fnd
36,220
Restricted funds
Grants
54,410
TOTAL FUNDS
90,630
Net movement in fnds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fnd
71,649
Restricted funds
Grants
186,441
TOTAL FUNDS
258,090		 Net
movement
At
in funds
31.8.22
£
£
{4,140)
32,080
140,409
194,819
136,269
226,899
Resources
Movement
expended
in fnds
£
£
(75,789)
(4,140)
(46,032)
140,409
(121,821)
136,269

Page 17

continued ...

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2022

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Comparatives fr movement in funds
Net
movement At
At 1.9.20 in fnds 31.8.21
£ £ £
Unrestricted funds
General fnd 38,665 (2,445) 36,220
Restricted funds
Grants 42,777 11,633 54,410
TOTAL FUNDS 81,442 9,188 90,630

Comparative net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fnd
76,716
Restricted funds
Grants
46,111
TOTAL FUNDS
122,827		 Resources
Movement
expended
in fnds
£
£
(79,161)
(2,445)
(34,478)
11,633
(113,639)
9,188

A current year 12 months and prior year 12 months combined position is as follows:

At 1.9.20
£
Unrestricted funds
General fnd
38,665
Restricted funds
Grants
42,777
TOTAL FUNDS
81,442		 Net
movement
in fnds
£
(6,585)
152,042
145,457		 At
31.8.22
£
32,080
194,819
226,899

continued ...

Page 18

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fnd
Restricted funds
Grants
TOTAL FUNDS
Movement of Net Asset funds - current year
Balance at I
September 2021
£
Unrestricted funds
General Funds - all fnds
36,220
Restricted funds
Student Enterprise
5,972
Community Outreach
1,981
Waterford donation
Leicestershire & Rutland Trust
1,132
Children in Need
Savoy Trust
32,410
Florence Turer
540
Sporting Heritage
375
Jones 1986 Charitable Trust
Jones 1986 Charitable Trust
Mansfeld District Council
2,000
National Lottery
10,000
Lady Hind Trust
Nottinghamshire County Council
54,410
Total of funds
90,630		 Incoming
Resources
Movement
resources
expended
in fnds
£
£
£
148,365
(154,950)
(6,585)
232,552
(80,510)
152,042
380,917
(235,460)
145,457
Balance at 31
Income
Expenditure
August 2022
£
£
£
71,649
(75,789)
32,080
(5,480)
492
1,981
67,340
(67,340)
1,132
39,101
(39,101)
(32,410)
540
375
30,000
(30,000)
25,000
(3,511)
21,489
2,000
(9,846)
154
5,000
(5,000)
20,000
(17,641)
2,359
186,441
(210,329)
30,522
258,090
(286,118)
62,602

Student Enterprise is a restricted fund for students across the organisation to use in enterprise activities.

Community Outreach is a grant from the Co-Operative for a community initiative to enable students to reach out to isolated pensioners. This is being used to establish regular social events in conjunction with a local care company.

continued ...

Page 19

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

11. MOVEMENT IN FUNDS - continued

A Waterford donation was given to assist with the refurbishment of Landmark.

Leicestershire and Rutland Trust is a donation for a sports related project in Leicester.

The Children in Need is funding to support a project called 'REAL Futures' comprising of befriending services, holiday clubs, careers support and advice for young people.

The Savoy Trust donation is funding for the purchase and installation of cafeteria facilities at one of our hubs.

The Florence Turner donation is a donation for a sports related project in Leicester.

Sporting Heritage is funding for a project to allow our young people to research, collate and display examples of local sportage heritage.

Jones 1986 Charitable Trust donated to assist with the Landmark project and towards staff costs.

Mansfield District Council is a grant to support continued f d access to vulnerable families throughout lockdown.

National Lottery is a grant to support the development of the outside area at the Landmark.

Lady Hind Trust donated to assist with the cafeteria project.

Nottinghamshire County Council donated to assist with the Landmark refurbishment.

Movement of Net Asset funds - prior year

Unrestricted funds
General Funds - all fnds
Restricted funds
Student Enterprise
Community Outreach
Savoy Trust
Sporting Heritage
Florence Turer
Leicestershire & Rutland Trust
Nottinghamshire County Council
Persimmon Building Futures
Sir John Eastwood
Mansfeld District Council
National Lottery
Children in Need		 Balance at I
September 2020
£
38,665
5,972
1,981
32,410
375
540
1,499
42,777
Income
£
76,716
1,960
1,000
3,000
2,000
10,000
28,151
46,111		 Expenditure
£
(79,161)
(367)
(1,960)
(1,000)
(3,000)
(28,151)
(34,478)
Balance at 3 I
August 2021
£
36,220





5,972
1,981
32,410
375
540
1,132
2,000
10,000

54,410

continued ...

Page 20

R.E.A.L. FOUNDATION TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2022

11. MOVEMENT IN FUNDS - continued

Total of funds 81,442 122,827 (113,639) 90,630

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2022.

Page 21

R.E.A.L. FOUNDATION TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Charitable aims befiending
Investment income
Rents received
Total incoming resources
EXPENDITURE
Charitable activities
Restricted fnds activity
Unrestricted fnds activities
Other
Wages and related expenditure
Support costs
Management
Donated Management Time
Rent
Rates and water
Insurance
Light and heat
Accountancy Fees
Printing and advertising
Bank Charges
Premises Expenses
Legal and Profssional
Total resources expended
Net income		 FOR THE YEAR ENDED 31 AUGUST 2022
31.8.22
£
192,768
9,860
1,708
11,568
53,754
258,090
46,032
6,406
52,438
1,925
24,684
2,954
3,213
23,143
2,300
3,352
180
5,798
1,834
67,458
121,821
136,269
31.8.21
£
79,259
9,835
9,835
33,733
122,827
34,478
5,160
39,638
32,881
11,825
4,940
21,534
1,955
207
151
131
377
74,001
113,639
9,188

This page does not form part of the statutory financial statements

Page 22