Regist•r•d number. 07180685 Charity number.. 1136050 THE 24x7 SPECIAL NEEDS HOLIDAY TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 *AAV3RIPC' OelO112022 COMPANIES HOLISE
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THE 24x7 SPECIAL NEEDS HOLIDAY TRUST CONTENTS Page Refen administratNe details of the Chanty, ts Trustees and Ath"sers Trustees. RepNI Independent Examiners Report Statement offinanaal activities Ba18nc* Sheet Notes to the finanaal statements 7-14
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES Mr A T Mahonèy, Chair Mr A A Mahoney Mrs A Courtney Mrs C SauThYws Mrcwright MrJ G Pwkhouse COMPANY NUMBER 07180685 Ic¢)mpany limrted by (arrtee in ErKJLarKI wa$) CHARITY NUMBER 11360&) REGISTERED OFFICE Little Easton Man Park Road Little Easton Dunmow Essex CM82JN COMPANY SECRETARY Mr C W&Jham-Smith INDEPENDENT EXAMINERS Price Ba1Y LLP Chartered ACCuntat7ts Cavseway House 1 Dane Street 81sp s Stortford Hertf¢xdshire CM23 38T
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST TRUSTEES. REPORT (Incorporating Directors. Report) for the year ended 31 March 2021 The Tntstees Ivjho a als001CrS0f1l CrmpIrrthe purptssesoftheCoMpaTh ACt1presentthe Annual Repcrt togelherurilh the firbancial slalements of 24x7 Spetiai NS FwkyayTt (the Charity) fortheyearended 31 Mar¢h 2021. The Trusiees confirm thai the Annual Report and finathcial staiemenls of Ihe charnab Company compty wlh the curTenl Slalutory reqUirerrts. Tr term "rjor and Trustee are Interthtythe in 11¥5 RepryL The finanual slements comFty th the Charit Ad2011. the CrfflpaTh A(12(, the Memorandum and Artr1es of AsSocian. and Accounting aThJ Reporting by Charrties." stat1 of RecoMMend Practice applicAb lo tharities prepanng their accounts In ar£wdance wth the FinarrJal Rryh)rtiry St(d opk4aLle in the UK and RepuNic of Ireland IFRS 1021 leffe&i l 0¢ber 20191. 0CTIVEs AND ACTIVITES Pollcy and obioctives The princpal obJectNe oflhe Chlat Crmparry to wovth faukns for FeoF4e with speoal needs aTrJ Ihwr larnils. In setting 04"ectives and anrrl9 foraLlwilS. the TAle2S IAvewendUel9IderaoTrl0 genEtalguKlance puUshed by thecharits Commission relatirrfJ lo pUtA1cb The rnain athly undetsken by Il Chwil C£¥npany 15 to rase to enable Fe0 lIh SWA4 t09 to te atye to expuiènce a Wllay abroad Ihat IheyWYJ D(rt te &to ha¥e. Actlvttles fora£hleving oblectfjve5 Foll7r Ihe apwiniment dour patron Graharn Robe in 2015. a of annual events ha5 t)een e5tsbli5hed io achieve tyJr furnjwxing gjals. Atthough this has been inpacted by Cow&19 the trustees are ease10 report Ih3t g(4fday was help th summ¥ 2021 and the annu G8 th.rer whKh has beÈn postyorEd fr(ffi 202Q wll rbElW be hÈh in December 2e21. rt is artiapaied lh fundralsiry evems 5jId in 2022 in full. ¢haritle5 fundr•sing Statem•nt FLdraIsirrfj staternemt sec1v 162a of the Charlies Act Xt11 rewires charls to mthe a statement regarding fundTai5iry Atthough do not undertake WSweart fundraisiry frLMn Ihe general public. Ihe legiati defines fundrai$iwJ as "soliciting Lyolherwse procuriw meney orolhw tKotvty f charitsb purposes.. Such amounts are presented m our accounts as 'Donatiorts and 9a£as. and al volvntsryin nwe. In relIOn 10 the above we ctsnfimi Ibal all sc1wa1to a managed intemalty. witlrf lnvnerrt efcommercial participalor5 or yofessimal fundrais¥s, lythird parties. Atthough the Crity is nol required to be bound t¢y any regulaiory stheme. Ihe Charty with the relevant $ We have received InOIntS In relation lo furKlr4i5ing actwit l>)20- none). ACHIEVEMENTS AND PERFORMANCE main athwwnent of the Chat4e Crynpary the year w35 enat4irwJ ch'klrEll. ads. lamilEs 8nd schoots lo he a holNJay thaithey W[ ncd norm4F¥ be ai to have in a safe ard swe rOTent. FIP4A14CIAL REVIEW The Charitable Company has continued to raise fLnts. hirq Ihe Charitable company to leve its obpctives, albeit on a er year y¥eft the pwdemic iesirict. The ctsrreni fvnd 1$ * the yearTrJ are a defiai ofÉ916 12020-surplu5 of £10,01n. Tl defKil (UrraY due lo a decrease in inc£ffje arisiro frcn a redtIOn in donations 8rMJ e¥eni$. giyenthe pand restnctsons. The Trre¢icrf5 have •Jdit*Jnalty assu that 24x7 Ltd. a comparywilh ctsnmon 'redors, will wtinueto supwt Ihe tharity where requir•J io ensure the ricit i% d¥nirted in future.
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST TRUSTEES, REPORT (Incorporating Directors, R8POrt) (Continued) for the year ended 31 March 2021 Reserves pollcy and ¢onc•m ThEf8 is tsjrrerty [BquIrerTt forthe Charilabfe Compary to hokj a set ofre58wve$ and fundswill bè Useden J58iNe. The Trustee5 reeW Ihe ereS pdlcy whw the ty of Ihe Charity IrrSe$. Total knl of free reseNes was 4 defrai of £916 as at 31 2021 (2020.. a b8lanc• of£10,016). cOronnS Pandemic ifflpaded on the Chardls ati1 to hoslfund raising eventsin theyear202Of2dI. thus ducang the arrnurrt of irK4)rne it h35 receNed . Fltr•fftr. the Chan"ty bve$ from reviwng forwasts Ihat rt has suffiaenl fijrmls lo be 8 gcng iyJncÈm. The Chty is Ihat in the year 2021r2022 fund rafjs1 events will be hekl and will restore any toss furrtls. The direthrs also betiv4e Ihal dewte unrestrKbJ bel In defjrjt ag at 31 Marth 221. the charfty h8$ the cgsh balare$ a[ SUPFQrt oflh6 direrth to ene * rwr•ins a golng STRUCTURE GOVERNANCEAND IAANAGEMEP Constitutlon The Charity is regtstered as 8 Company KYnit ty gupwantee and was set up 15 tonstit iy a Memorayjum of As$odth"on dated 22 February 2010. It Is register8d in the United Ktngdorn Ico. Nnbel 0718C685). It is reglstered hth the Charities cunMn underthe Charilies Act 2011 (Charity Number I1360}. Tha principle otied of the Chantable Comp•y is to wovits hof faddies tr p• special r8ds and their families. Method ol appointment or electlon of trtee5 The management ofthe CharitatA¢ is the resporsÉbiMy d the Trtte5 vtho a eiethj ènd Cted under the tem)s ofthe Arb¢k8s ofAsKoakn. Risk Mana9emènt ThÈ Trustees have examined the rnaior straieg trAtsuies5 and opÈralional rth whith the Challt8tAe Company f8ces and confirm that systems have been establish to enatk regular rerA)rts to be prolLKed so that thp neSary steps can be tsken to lessen these Is. F4rturn Plan5 To continueto r5 funds tOatre¢hAren. 8dtdls.fam1l8d #ct0¢x1Èrte * Ij11d atxtsadthat not normaly be atrle to. This report. wN¢h has been wepared In actd wih Ihe Provis reLng to I)PanIeS sufyect to thE small comparrfos regime Part 15 of Ihe Companie¥ Act . Independent examiner. Pri Bai* LLP was reaprxJIed as Charhatle Cnp¥$ Indepen¢lent examknerfor Ihi$ ffial year. Approved by Mr A T Mahon•y Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE 24x7 SPECIAL NEEDS HOLIDAY TRUST {'the Company,) I rep)rt to the ch8nty Trustees on my examination of the acccwjnts ol the Company for the year ended 31 March 2021. Whith arè sèt out on pages 5 to 14. Responslbilities and basis of report As Ihe Charity TnJstees of the C(Mnpany {and also its Directors for Ihe purposes of Gharitsble company lawl you are responsible for the preparation of thè accounts in acwTdance vAth Ihe requirements of th• Companies Act 20061.the 2006 Act'l Having satisfiéd mysèlfthat the accounts ofthe Company are not required to be audited under Part 16 ofthe 2006 Act and are eligible forindependent examination. I report in respeclof my examination of your Companls accounts as carried out un¢Jer secb'on 145 of the Charities Act 2011 {the 2011 Act'l. In carying out my ex8rnination I have IcAlowed the Directions given by the Charity COmrrMss under section 145(51 (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi that no material matters have come to my attention in connéction th the examination giwng me cause to bdieve Ihat in my nwterial respect.. accounting recryds were not kept in reskwd of the cOmY as required by sectith 386 ofthe 20C Acl. or the arA)unts do rK>t a(tsrd with those e0rj$." or the acc4)unts do not mplY th the applicabte quirements of 396 of the 20rAs Act other than any requirement that the acrA)unts give a Jrue 8nd fair vthith is not a matter considered as part of an indepèndent examination", or the accounts have not been prepared in accordance ¥th the methcxjs and principles of the Staten*nl of Recommended Practice for accounting and p0"ng by charities applicable to chanties preparing Iheir accounts in accordance wth the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021_ Other mattets In rewewng these accounts we draw your attention lo note 11 regarding gjng concem. The charitable oynpany's unrestTrcted reserve balance is in deficit as a131 March 2021. Despite this. the tnjsiees have arrived at the condusion that the tharitable company's CAsh balances wll be sufficient to ffl88t thèir liabilities 85 they fall duè for at least 12 Months from the date the finanaal stst8m&nts were authorised for issue, due to Ihe maj¢xity of the charitable eompany's expenditure being discretionary. The going concem basis therefore continues to be adopied in the weparation of the charilable companvs financial ststenwnts. I have no concems and have come across rK) other matters in connection wlh the examinalion to whi atten'On should be drawn in this report in Order lo enable a proper understanding of the aGcounls io be reached. Mr Michael Cooper4)avis FCCA ACA For and on behalf 4)t. Price Bailey LLP Chartered A¢countanls Causeway House 1 Dane Street Bishop's Slorff Hertfordshire CM23 3BT Oate: 15 December 2021
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 2021 Totsl 2020 Totsl Note Unre8trbcted WCOME: LknThations 8nd legacies 16,869 16,869 14,544 Other trading 11.4(6 11.406 104.998 Total Incom 28,275 28,275 119y2 EXPENDITURE: Ra$iw funds Charitable actimbes 35.266 3.942 35.266 3.942 .786 16.027 Tolal 39.208 39.208 101.813 Net lexpendffturel l income for the year being net movement in funds 110,9331 {10,9331 17,729 R•concilÉation of lund¥= Total fvnds brought f0Thr 10,017 10.017 17,7121 Totsl funds carried foTh¥ard 19161 1916 10,017 l ofthe Charitsb Cornpany's adiwt*s are dered (ontTr)uing als. There were no other tnd gains or bsses other Ih3n those strted abo. Tre notes on pages 7 to 14 form part oflw fmnrial stsknients
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST Co Number: 07180685 BALANCE SHEEr AS A T31 MARCH 2021 2021 2020 FIXED ASSErs Investments CURRENT ASSErs Oobtors Cash at barfft and in hand 10 5,822 22.638 28,730 12.653 TOTAL CURRENT A8SErs 28N60 41.383 UABILITIES Creditors.. amounts fdliny due 7111Th one year 11 (29,3771 (31,368) TOTAL ASSETS LESS CURRENT LIABIUTIES {916) 10,017 THE FUNDS OF THE CHARITY Unrestricted luTrds 19161 10.017 TOTAL FUNDS 19161 10.017 For the year ending 31 March 2021 th¢ Charilable MpanY was enlywj to exPhon frrrfn audit uThSer se¢bon 477 of ' the Companies Acl 2C relatiry to small rx¥mpante& Directors. respon5itxlibes". The Members have not wired the chlble compawto oblw an audit of h8 acwuntsforlhe yew In questlon in acrordancewth wbon 476: The De¢loTS ackncttledge rh[ reBnsibleS with thB fEqLNwnents of the A¢t respad to atsxsunting reC)rS and thè preparation 01ur& The fin8ncial slalements have been prepared in accoTdanca with the prrmonS appluble to cornpanies sub1 to the small companies. re9iTh and in 8rdance rylh th8 provt5ws ofFRS 102 Sethon 1A- small entit. The finarKial statements were apwov•J by c.9021 sign8d on Iheir behdfby.. MIATMa oney The attathed notes on pag8s 7 to 14 Irn wt Of1 finarKxal Statffrte.
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aeeountlng policies The prinripal accwnbng pdiries adopted. judgements and key soUrS of estimation uncertainty in the preparation of the finanoal 4atements ale as lollows. Ba5 of Preparntn The financial statements have been rrywed in Ydan wilh k£cyJnting aThJ Re)rtIng by Charities Statement of Recommended Pradice applicable to charibes prepanng their accounts In aCdance with the Finanaal RepLYting slaJard apylicable in the UK and R¢public of Ireland IFRS 1021 leffe(Jwe l oLxoT 20191_ IChavitbÈs SORP IFRS 10211. The Charitsble Cornpany C(stitUteS a pLC tenefit entity as defined by FRS 102. Assets and lkqti1'eS are iThtiany reo)gnised at histuical cost or IraWCt value unless otherwise stated in the relevwrt accounbng wlicy note. The finanaal tstements are presented in sterfirvj (£1. whi() is Ihe fijnditsnal CAJrrery of the Charttable Company. and are r<MJnded to Ihe nearest £. The charlble Cc¥npany is wistered in England and Wales. The address of the Charitable Ccmpany's registered office is shown on page 1 ofthese finanual sternents. bl Company status The CharrLy is a Cornpany limited by gLrantee under the number 071&%85 in England, wth the Llnited Kirngdom. In the event of the Charrtat4e Ccthpany bw'ng Wn up, the liability in respect of the guarantee Is limited to £1 per Membe¥. cl Income Grants 8nd (lonations l Tncome is recLYJnised once the charitab Company has entrfernent to the incame. it probabje tl)al Ihe irtc¥ne wil be recei¥ed and tt)e amcwnl of inrxjrne rec£iv3blÈ eAn be measured rdiabty. Fundraisin events Swnsorthip from evwts. events registrats'on fees and incorne arising from Ihe events are rerAyJnised when the event tskes pla. In the event that fees are received before the event is due to take place, the income is deferred and not recognised until the eveni takes place. d) Expendlture and iwrtteovèrab VAT Expenth'lure is recognised once Ihere is a Wl tStruC¥e OJaIltin io make a payment to a thrd party. it is wotAble that setuemenl will L* required arMJ the amount of the oNigation Gan be measured reliably. Al expenditure is aOUnted for on an arAYuals bass under one of the folkjwry headings.. Cost50f raiwThJ funds indude the cxbsls of commeroal tradirvJ induding gc4fevents and auction5 and their assct4ated SUpt costs.
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 31 MARCH 2021 E%pendrtu on charitsb ackn.wbes incJdes holiday grants payable. Group financial statements These financial statements do not 0)nSolate the resLlts of the 24x7 Speaal Needs Holiday Trust's stholly owned sv.1ary, 24x7 Speod Needs Hdiday TrJing L4nited as the group do not breach the Charities SORP thresholds for consolrdation. Taxatlon The Company is a¢xepted as a Charrtabk Ccrfnpwry fei lax purposes. It is. therefote, exempt from tax on its Income arKI gains to the e&}1 thai income and gains are applicable to and are applied ftsr chantatle puqjtsses only. 91 Fund accounting Genera funds are unreslriLaed funds1 areavailable fc¥ useatthe¢JisuetK)n ofthe Trustees in lurtherance of the general obJ"eth¥es of the charItsb Company and which have not been designated for ott)er wryKJses- h} Legal strtL ofth• Charity The Charity is a Company Iimrt&J by guarantee and has no share caprtal. In the event of the Charitable Company being wwnd up. the liability in respect of the guarantee is limited to £1 for each Member. Going ¢oncem The finanaal statements have been ryepare¢J a wng concem basis ¥thich lorecasts that the Ccmpany wll have adequate resources to o)rnb"rnue in Cera.al exLSlee for a per of at least 12 months fcxm the de ofthis financial iepo A lorecast has been prepared a pencKI of rnwe than 12 rnth5 trom the date of approval of these financial statement& The forecast indicates that. %thilsl taking into Unt feasonable d(ysides. suffioent fvnds are expected to be generated wthin the Ccmpany so as to meet the liatilities of the Cc¥npany as they fal th. As part of their review the direC1S have additionally c4Jnsthred the ffiplutions of the ojrrent Coronawrus Pandemic on the go9 assumption. The econ(Ynic impact on the Company due to the Coronamrus Pandemic is subj.ect tts an unprer£dented levd of unc£rtainty wlh the lull range of possib Èffects unknown. Sensitivity analys have ten applied to Ihe lorecasts to 8ssess a range of potenlial Impacts trom the Coronamrus PandemiG In the analyses, a variety ol assumptions were modelled with varwng degrees of wnpact and du¥ation_ Whilst the is eviden(2 of rK)tential negative effects on irthme and cash fl(yws. the resultiThJ sensib5ed forecast5 continue to support the glyng concern assumptson and the dire<trxs are cornfyjent they can take sufficient mItjatIng athon to ensure that availafrje ld$ will be suffiuent for tr Company's needs. On the basis of Ihe 8vailabJe infrrn8tion ar aSsuranS r1?0 frcn 24 x 7 Limite(J, the ¢J"rertors have conduded that it is approkwle to prepare the finanaal statementsc¥) the going nwn ba51*
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Financial Instrumerots The CharitatrAe Cvmpany only has financial a55ets and fin(81 liabilrties of a kind that qualify as basic financial instruments. 8asICfinaIaI instruments are initially recognised at transactk)n value and subsequenlly measured ai they seth&nent value. All assets and liakn"lities arÈ reccyded at cost which is thelr fairvalue. k) Cashflow exemption The Chafiiable Company qualffies as a small errtrty per Ctrnpanies Aci 26 and as a rsequenCe. rt is exempt from Ihe requirement to wblish a G3shflow st8tement under see¢Dn 7 ofthe FIllana ReporbrvJ Slandard 102- Cashflow Statern¢nt InVlMents The irweStMts in Ihè shares in the tratlnig sub&"dwy are &q[r0 at CA1 less impaimient. ml Alkneation of support costs Support o)sts are t IuThaions IM assist the wyk of the Charrtatle Cc4npany bul do not diiedy represent tharitable acwties. Support Ct)sts indude bank charges. refreshments, accwrrtancy fees and gOverrnan Ltjsts whid) support Ihe CharitatrAe Cornpanls actsvity'es. These costs have been alkted befvfftn costs of raisiry fuThls and expendrture on tharitable actiwties. The b3ses on costs have been aled are set out in note & Debtors Trade and other debiLYs ale recx)gnised at the settlement amjnI due after any trade discou offerÈd. Aeuued income arKI tax recoverable is induded at the best e5tirnate of the amounts receivable 8t the ba1ce SW date. Prepat$are vatued at the amount prepaid net of any trade discounts due. ol Cash at bank and In hartd Cash at bank and cash in indudes eash a)d sh(rt term higw liquid investrTrents wrth a short malunty of ttree months or sS from the date of acqUk8rtn or OFeThng of the deposit or similar accourt. p) Craditors Creditors are recognisedwhere the Charitable ccmpany has a wesent oNigth"on resultsng frorn Past event thai wll probaLty sU11 in th2 tiansfer of lund5 to 8 third party and the arnount due lo settkthe obligation can be measured orestimateil reliably. Creditors are normalty rec£MJnised at their setuement amoJnt after allowir4J fu any trade discounts ¢Jue. ql Kèy sources olludgemtnt and estimation uncertainty No gnificant judgemems. acrxwJniiThJ pdioes or assumplths have L*en made by management in appng the tharitable (xmnpany's ac(x>unting pdKies.
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Donatlons and legacles 20 2020 16.869 14.544 JI income from dcthtions in tx)th Ihe (JJnt FWOLts year relate to unrestricted funds. Other Trading Actl¥ltles 2021 2020 Audh?n event income Lottery 11.042 104,572 426 11.4C6 104,998 AJI inclyne frrmn other trac"ng acb¥ities wi the ¢xffrent and FeYS year relate to unrestricted funds. ANALYSIS OF EXPENDITURE {CY) Direct Governance & Costs Support Costs Inote 61 Total Raising Funds Fundraisiro expenditure 34.829 437 35,266 34.829 437 35.266 Charitable Actlviti•S Grants payable 3.942 3.942 3.942 3,942 TOTAL 34,829 4,379 39,208 Grants Payable Incluéed in grants paYae is an amount of £nil12020." £12,285> paid to 1 irWitutK)n12020.. 11. ts mo detai15 see N(rte 12. 10
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDuRE {PY) Direcl costs Governance & Support Cts (note 61 Total Ralslng Funds Fun(aisin9 expenditure &5.370 416 85,786 85.370 416 85.786 Charitable A¢livities Grants payable 12.285 3.742 16,027 12.285 3,742 16,027 TOTAL 97,6SS 4,158 101.813 The company em$Yed no stsff for Ihe year ed 31 Marth 2021 12020." r ALLOCAnoN OF SUPPORT COSTS {C The CharilatAe Cornp8ny alk)tAtes its support rA6ts as 5hrym bdow. Supwt costs are ted on 8 basis wsistent wih the use of reSoUrS may tharoe frorn year to year. Raising Funds Charitable actSvftSÈs Support cost analysls T)tal Bank charges 89) 890 Governance Independent Examiners fee Consultancy costs 258 2,322 819 2,580 909 348 3.141 3,489 437 3,942 4.379 Support ¢>)st$ are alkw2ted based upon time spent Up aCe5. AJI c£ssts inctjrred reh to unre5tric¢ed funds.
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 ALLOCATION OF SUPPORT COSTS {PYI The A550C4atw allocates ts suppryt costs as 51Kym beknv. SuFpryI costs are alkxaled on a basis ccs1$1ent wth the use of resources arKI may thange from year to year. Ralslng funds Char[ble activlties Support cost analysis Total Bank charges 70 628 70 628 Goveman¢e Independent Examiners fee Consuttarty costs 2,282 92 924 3,114 4t6 3,742 4.158 Support costs are allcKaled based th.me SFent upon aLMl*s. AJI cJ)sts inwrred relate to unrestricted funds. Net ineornè Net i1me is Stated after thargirrfJ: 2021 2020 IndeFendent examination 2,536 12
THE 24x7 SPECIAL NEEDS HOLIDAYTRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Inveslments 2021 2020 Invesknent in subg'diary cxjmwy as at 1 Awl 2020 Addrtions Investment in subskliary as at 31 Marth 2021 The Charitable rA)mpany owns 100% of the share (apitsl for Me subsith"ary. 24x7 speu.al Needs Hdiday Trading Limited IcAYnpany number. 105341581 regislered in Er4Jland and Wale5. An investrnent 01 £1 is held by The 24x7 SFecaal Needs Holiday Trust in 24x7 Special Needs Holiday Trading L#nited. which rekvesents e cost of acquiring the ole olthe ordinary share (apital of the mpany. The 24x7 Special Ne&Js Hdit1ay Trading Limrted has been a ¢Jc*mant company InplI0n. 10 Debtors 2021 2020 Prepaymenls 28,7 5,822 28,730 11 CrediloTr'. Amounts falling due within onè year 2021 2020 Trade ueditors Arnounts owing to related companies Acw815 Deferred IncAJme 6,737 15.489 1.740 7,400 20,237 1.740 7.4 29.377 31,366 Dekned IncLJme rewe5enls receipts recgved l¢Y events to be hekl in the fdlow'n9 financa¥J ye¥. 13
THE 24x7 SPECIAL NEEDS HOLIDAY TRUST NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 12 Related party transacJons No Trustee reoNed remUnWab( or daimed ewses from the charrtable Comp8fty durin9 th& year 12020- £nill During the year 24 x 7 Ltd., a cnmpany in 1th Mr A T Mahoney an¢J Mr A A Mahoney are direLxors, paid expenditure on behalf of the Charitsble c(Jmpany of £3,54512020- £4.2621. The arrntl lo them at the year-end was £20.23712020- £15.4891. During the year 24x7 Limr(ed made a donat of £15,COJ12020- £ni DLMng the year holKtay 8l payrnents of £nil12020 - £12.285I were made to Centre Trtjst LDA. a charitsble company regislered in Porttjgal in whi(h Mr A T Mahoney is a th'reclor and the sole Shareholder. Onè Trustee, J. P8rkh(MJSe. made t$)naiions to the thartty tolalling £nil12020- £3.¢HJ). There were no other related parbes fcf the year pJded 31 Marth 202112020- Th)nel. 14