## **Yellow Submarine Holidays**
**(Company limited by guarantee)**
**Report and Unaudited Financial Statements for the year ended 30 June 2023**
**Charity number: 1136735**
**Company number: 06619694**
1
## **Yellow Submarine Holidays**
## **(Company limited by guarantee)**
## **Financial statements**
## **For the year ended 30 June 2023**
|**Contents**|**Page**|
|---|---|
|Legal and administrative information|3|
|Directors’ report|4-9|
|Independent Examiner’s report|10|
|Statement of financial activities|11|
|Balance sheet|12-13|
|Cash Flow Statement|14|
|Notes forming part of the financial statements|15-23|
2
## **Yellow Submarine Holidays (Company limited by guarantee)**
## **Reference and administrative information**
Charity name: Yellow Submarine Holidays Charity registration number: 1136735 Company registration number: 06619694 Registered office and business address: 12 Park End Street Oxford OX1 1HH Directors: Emma Anderson (resigned 15 September 2022) Rhian Cadvan-Jones (resigned 30 June 2023) Onima Chowdhury Barnaby Lenon Kathryn Liddell Suzanne Newport (appointed 12 June 2023) Graham Shaw (appointed 15 September 2022) Toby Staveley
Independent Examiners: Critchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP
3
## **Yellow Submarine Holidays**
## **(Company limited by guarantee)**
**Directors’ report for the year ended 30 June 2023**
The directors present their report and financial statement for the year ended 30 June 2023.
## **About us**
Yellow Submarine is an award-winning Oxfordshire charity that believes people with learning disabilities and autism deserve to live life to the full.
We tackle the problem that many people with learning disabilities leave school with limited life skills and as a result poor life chances. This often leads to isolation and being marginalised. Our projects start working with young people in community settings from the age of 11 onwards, to build their social skills, confidence, independence and ultimately their employability. At the same time, we are supporting families and carers with respite.
We are a small organisation with 13 full-time members of staff, 51 part-time/sessional staff supported by some 100+ volunteers. We seek to retain and develop our employees in order to assist young people on their journey through childhood into adulthood. This allows us, often over many years, to gain both trust and a real insight as to how best to create a person-centred plan to support each individual. We support this long-term approach with fresh and innovative approaches which embrace enterprise and technology.
## **Our objects**
The charity’s objects are to relieve the needs of and help people with learning difficulties and their carers by providing:
supported holidays, support, and activities; respite for those who care for people with learning difficulties; volunteering opportunities and training for the general public.
## **Our activities**
For young people (11-18), we run an ambitious school holiday programme, youth clubs and residential holidays. Our goal is to help teenagers transition into adulthood and therefore able to access mainstream services, socialise independently and engage in meaningful work. In short, to be able to ‘do more’ but to ‘need less’ from the state or charities such as ours.
For adults, we provide real-world training opportunities, a group called Launchpad for young adults to peer-support one another to socialise and use public transport independently, daytime opportunities to support the growth of independence and residential holidays throughout the year, which are often young adults’ first sustained time away from home.
Our success achieving our goals has been greatly helped by award-winning social enterprise cafés we run in Oxford and in Witney, which also function as a training centre for people with learning disabilities.
4
## **Yellow Submarine Holidays**
## **(Company limited by guarantee)**
**Directors’ report for the year ended 30 June 2023**
## **Our strategy**
Our strategy is to ensure that we can offer activities over the long-term and work closely with our funders, such as Oxfordshire County Council, to achieve this. We are pleased to report that during the financial year we continued to receive support from Oxfordshire County Council as part of our current contract (2017-2024).
We provide activities that are regular and structured. As well as creating environments that are accessible and approachable for the young people we help, this approach offers stability and clarity for carers. It also allows volunteers to give their time on a planned and organised basis.
We ensure our cafés are commercially sustainable. Our fundraising is diligent, seizing as many opportunities as possible.
We retain our Oxfordshire focus and will continue to build fruitful links with local businesses. We will reach out as appropriate to other local public service providers, for example the work experience we provide in our cafés is supported by traineeship schemes run in partnership with Abingdon & Witney College.
## **The public benefit**
Our activities can change lives. We can help remove the threats of isolation and marginalization, and help people with learning disabilities become independent, use mainstream services, and find employment.
We make a difference for carers: whether by giving them a few hours off; or just by offering a new environment, in the company of other carers and with structured support.
We can make the ‘public sector pound’ go further. The support given by local authorities is complemented by donations, grants, charges for services and commercial revenue. We benefit hugely from volunteer support; people want to help with their time and Yellow Submarine offers a structured and rewarding vehicle for people to do so.
Our cafés offer a very public view of the difference we can make. Our customers walk in wanting a coffee to wake themselves up; they walk out with their eyes opened to what ‘disability’ is, and what it is not.
5
## **Yellow Submarine Holidays**
## **(Company limited by guarantee)**
## **Directors’ report for the year ended 30 June 2023**
## **Our achievements**
We continued to build on our programme of activities; with confidence growing for in-person opportunities in the wake of Covid restrictions being lifted. This meant that demand for support grew throughout the year and we welcomed new members across all of our programmes.
## Highlights of the year –
- Our Oxford café celebrated 10 years since it first opened its doors, a real achievement, and a testament to the hard work of the team. It was wonderful to be able to reflect on what the café has accomplished in this time whilst creating a space which showcases what our members with learning disabilities can do! We celebrated this milestone with our annual Café Awards this year at Blenheim Palace who had chosen Yellow Submarine as their charity of the year.
- Running a full programme of young people and adults’ residentials including trips to Caldecott Xperience Activity Centre, Alton Towers, Butlin’s and more. Residential holidays continue to be a highlight for our members providing them with the opportunity to grow in independence and confidence whilst having fun and giving families much needed respite.
- We launched our new member led steering group, Periscope, an opportunity for our adult members to give their feedback on all things Yellow Submarine, get involved in the planning of activities and support at community events.
- Our Young People’s Activities continued to give our younger members the opportunity to have fun in a safe and supportive environment and build relationships with their peers. For some this has led to friendships that extend beyond Yellow Submarine activities being developed.
During the year we have supported more than 419 members (young people and adults with learning disabilities) from across Oxfordshire and our goal remains that - “we believe people with learning disabilities deserve to live life to the full”.
## **Family Feedback** –
- “Thank you so much. First time away without mum or dad in 5 years. Thomas had an awesome time” - Residential Holiday Feedback
“Just wanted to pass on our thanks for last night’s Award Ceremony, Charlie had a wonderful evening and was so proud of his certificates and medal. We took pictures and he sent them to his sister. It was really lovely for him to be going out on a Saturday night; as normally he is at home whilst his younger sister is out with her friends.
I genuinely cannot believe that he managed to get himself to Witney, sort an outfit and feel relaxed enough to join in. He certainly has come a long way since joining the Yellow Sub programme.” – Traineeship Feedback
6
## **Yellow Submarine Holidays (Company limited by guarantee)**
**Directors’ report for the year ended 30 June 2023**
## **Financial review**
At the year-end Yellow Submarine’s balance sheet showed funds of £305,581, all of which were unrestricted (2022: £347,179). Yellow Submarine had a cash balance of £304,560 at the year-end (2022: £340,321).
The charity maintains a reserves balance in a bank account separate from its day-to-day current account. The target reserves balance is calculated and agreed by the Trustees annually. The calculation has two strands.
The first strand is risk-based and assesses the likelihood and potential financial impact of several risks. An appropriate reserves balance is determined based on the prudent overview of the risks identified.
The second strand reviews the historic and forecast levels of spending by the charity and calculates the reserves balance that would be needed to continue to provide support for a period of at least three months if all further funding ceased.
The second strand is prudent because:
- in addition to the reserves balance the charity has a day-to-day operational ‘current account’ from which it could fund its activities for a period; and
- the charity has various funding streams, and it is highly unlikely that all funding streams would cease simultaneously.
The reserves balance is agreed by the Trustees after reviewing the level of reserves indicated by each of the two calculation strands. The adequacy of the agreed reserves balance is reviewed at each Trustee meeting.
## **Governance and management**
**Governing document** – Yellow Submarine Holidays is a charity governed by a memorandum and articles of association based upon a model Charity Commission document which was adopted on 18th March 2010. The charity’s objects are as follows: “To relieve the needs of and help people with learning difficulties and their carers by providing: (A) supported holidays, support and activities; (B) respite; (C) volunteering opportunities and training for the general public.”
- The governing document can be downloaded at - https://www.yellowsubmarine.org.uk/wp content/uploads/2022/01/doc_governingdoc.pdf
**Constitution** - Yellow Submarine Holidays is constituted as a company limited by guarantee.
7
## **Yellow Submarine Holidays**
## **(Company limited by guarantee)**
## **Directors’ report for the year ended 30 June 2023**
**Trustees** - The overall responsibility for the charity rests with the Board of Trustees. The selection of Trustees is designed to supplement the existing skills and expertise of the Board and is governed by an informal skills assessment. Appointment of Trustees is made in accordance with the Charity’s governing document.
Trustees of the charity serve as directors of the company.
**Management** - There are at least four full Board meetings a year. The Trustees agree the strategy of the charity and monitor performance.
The Trustees appoint a manager, who is responsible for the day-to-day running of the charity and ensuring that the policies and strategies agreed by the Trustees are implemented. Since May 2016 the role of manager has been split, with responsibilities allocated between two co-managers.
**Risk management** - The charity has a formal risk assessment policy and risk register that it reviews periodically. Systems have been established to enable risks to be identified, reported and mitigated. The major risks identified in this policy are:
- Failure to support YS activities with adequate funding, leading to a decline in financial reserves
- Failure to recruit staff to vacant posts and/or sufficient volunteers to meet service needs.
- Effective safeguarding of members, volunteers and staff to always ensure their health and safety
- - Breaches of confidentiality / data protection
## **Financial statements**
The financial statements comply with the Charities Act 2011, the Companies Act 2006 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 Ireland (FRS 102) (effective 1 January 2015).
This report was approved by the board on 22[nd] March 2024 and signed on its behalf by
Graham Shaw Director
8
## **Statement of Trustees Responsibilities**
The Trustees, who are also the directors of Yellow Submarine Holidays Ltd 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 which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
9
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF YELLOW SUBMARINE HOLIDAYS**
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2023 which are set out on pages 10 to 23.
## _**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 report**_
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I 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 accounting 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.
Peter Foley ACA Critchleys Audit LLP 23-38 Beaver House Hythe Bridge Street Oxford OX1 2EP
26 March 2024 Date…………………….
10
## **Yellow Submarine Holidays**
## **(Company limited by guarantee) Statement of Financial Activities (including Income and Expenditure Account) for the year ended 30 June 2023**
|Note
**Income from:**
Donations and legacies
3
Gift Aid recovered
Coronavirus JRS
Charitable activities
4
Holiday sales
Activities
Fundraising
Young People Projects
Supported training
Cafe sales
Other charitable activities
Investments
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
5
**Total**
**Net income**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
£
£
£
£
£
£
105,485
177,393
282,878
95,424
191,452
286,876
4,203
-
4,203
2,177
-
2,177
-
-
-
3,246
-
3,246
-
55,723
55,723
-
7,775
7,775
25,371
-
25,371
12,034
-
12,034
40,264
-
40,264
27,928
-
27,928
-
210,877
210,877
-
211,951
211,951
-
79,501
79,501
-
53,224
53,224
254,934
-
254,934
187,731
-
187,731
1,429
-
1,429
-
-
-
570
-
570
33
-
33|
|---|---|
||432,256
523,494
955,750
328,573
464,402
792,975|
||6,381
-
6,381
1,122
-
1,122
467,723
523,494
991,217
341,520
464,402
805,922|
||474,104
523,494
997,598
342,642
464,402
807,044|
|||
||(41,848)
-
(41,848)
(14,069)
-
(14,069)|
||-
-
-
-
-
-|
||(41,848)
-
(41,848)
(14,069)
-
(14,069)|
||347,179
-
347,179
361,248
-
361,248|
||**305,331**
**-**
**305,331**
**347,179**
**-**
**347,179**|
There are no recognised gains or losses other than in the Statement of Financial Activity.
11
## **Yellow Submarine Holidays Company limited by guarantee Company number: 06619694 Balance sheet as at 30 June 2023**
|**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
10
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Represented by**
Unrestricted General funds
Restricted funds
**Total funds**|**2023**
**£**
**£**
3,895
125,983
304,560
430,543
(129,107)
301,436
305,581
**305,331**
305,331
-
**305,331**|**2023**
**£**
**£**
3,895
125,983
304,560
430,543
(129,107)
301,436
305,581
**305,331**
305,331
-
**305,331**|**2022**
**£**
**£**
4,897
143,708
340,321
484,029
(141,747)
342,282
347,179
**347,179**
347,179
-
**347,179**|**2022**
**£**
**£**
4,897
143,708
340,321
484,029
(141,747)
342,282
347,179
**347,179**
347,179
-
**347,179**|
|---|---|---|---|---|
||305,331
-||347,179
-||
|||301,436||342,282|
||||||
|||305,581||347,179|
||||||
|||**305,331**||**347,179**|
|||**305,331**||**347,179**|
||||||
The directors' statements required by Section 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.
12
## **Yellow Submarine Holidays Company limited by guarantee**
## **Balance sheet as at 30 June 2023 continued**
## **Directors’ statements required by Section 475(2) and (3)**
## **For the year ended 30 June 2023**
In approving these financial statements as directors of the company we hereby confirm:
- a) That for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006;
- b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 30 June 2021; and
- c) that we acknowledge our responsibility for:
- 1) ensuring that the company keeps accounting records which comply with Section 386; and
- 2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year ended in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors on 22[nd] March 2024 and signed on its behalf by
Graham Shaw Director
## **Registration number: 06619694**
13
## **Yellow Submarine Holidays**
## **Company limited by guarantee Cash Flow Statement for year ended 30 June 2023**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|**Net cash (outflow) / inflow from operating activities**|**(35,332)**|**(32,192)**|
|**Net cash outflows from investing activities**|||
|Purchase of tangible assets|(429)|(1,596)|
|Proceeds from sale of assets|-|-|
|**(Decrease) / increase in cash in year**|**(35,761)**|**(33,788)**|
|Cash balance at start of year|340,321|374,109|
|**Cash balance at end of year**|**304,560**|**340,321**|
|**Reconciliation of net income to net cash inflow from operating activities**|||
||**2023**|**2022**|
||**£**|**£**|
|**Net income for the year**|**(41,598)**|**(14,069)**|
|Depreciation charges|1,431|2,358|
|Decrease/(increase) in debtors|17,725|(26,874)|
|(Decrease)/increase in creditors|(12,890)|6,393|
|**Net cash (used by) / provided by operating activities**|**(35,332)**|**(32,192)**|
14
## **Yellow Submarine Holidays Company limited by guarantee Notes to the financial statements For the year ended 30 June 2023**
## **1) Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **a) Basis of accounting**
The financial statements 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Yellow Submarine Holidays meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements have been prepared on a going concern basis as the trustees are confident that sufficient funds will be available to enable operations to continue at a sustainable level for a period of at least 12 months from the approval of the accounts by the Trustees.
## **b) Fund accounting**
Income received by the charity can come with restrictions on the activities to which those monies should be applied in the future; such funding is treated as 'restricted', and the activities funded in this way are referred to as ‘restricted activities’. The costs incurred in offering restricted activities are treated as 'restricted costs'.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **c) Tangible fixed assets and depreciation**
Where the charity incurs expenditure as a fixed asset where that expenditure will provide an economic benefit to the charity on an on-going basis (i.e., for more than one reporting period).
The value of fixed assets is depreciated. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
15
Motor vehicles – 25% reducing balance. Plant & Machinery – 25% straight line. Fixtures & Fittings – 25% straight line.
## **d) Income**
All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes entitled to the grant. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
Income from charitable trading activity is accounted for when earned.
## **e) Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of raising funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resources. Costs relating to an activity are allocated directly, others are apportioned on an appropriate basis.
## **f) Rounding**
Amounts are rounded to the nearest £.
16
## **Yellow Submarine Holidays**
## **Company limited by guarantee**
## **Notes to the financial statements**
## **For the year ended 30 June 2023**
## **2) Tangible fixed assets** .
|**Cost**
As at 30 June 2022
Additions
Disposals
**As at 30 June 2023**
**Depreciation**
As at 30 June 2022
Provided during the period
Written back on disposals
**As at 30 June 2023**
**Net book value**
At 30 June 2022
**At 30 June 2023**|**Plant &**
**Equipment**
**£**
**Motor**
**Vehicles**
**£**
**Fixtures &**
**Fittings**
**£**
**Total**
**£**
**32,661**
**27,715**
**9,740**
**70,116**
429
-
-
429
-
-
-
-|
|---|---|
||**33,090**
**27,715**
**9,740**
**70,545**|
||**31,464**
**24,015**
**9,740**
**65,219**
506
925
-
1,431
-
-
-
-|
||**31,970**
**24,940**
**9,740**
**66,650**|
||1,197
3,700
-
4,897|
||**1,120**
**2,775**
**-**
**3,895**|
17
## **Yellow Submarine Holidays Company limited by guarantee Notes to the financial statements For the year ended 30 June 2023**
## **3) Income from donations and legacies**
|Albion (Oxon) Limited
Ammco Charitable Trust
Baily Thomas
Barbara Ward C.F.
BBC Children in Need
Cottsway Housing Assn.
Doris Field Trust
Dragon School
EG Foundation
Hedley Foundation
Ironmongers
John Horniman's C.T.
Lloyds Bank Foundation
Margaret Dobson Trust
Masonic C.F.
Midcounties Community
Miss W E Lawrence 1973
Oxford City Council
Oxford University C.G.S.
Oxfordshire C.F.
RWHA C.F.
Shanly Foundation
Sobell Foundation
Sovereign Housing Ass
The February Found.
The Gosling Foundation
The Henry Smith Charity
The R & M Moss C.T.
The Syder Foundation
The Weinstock Fund
Thomas Dawson C.T.
Witney Educational F.
Others < £1,000
General donations
**Total**|**Unrestricted**
**2023**
**Restricted**
**2023**
**Total**
**2023**
**Unrestricted**
**2022**
**Restricted**
**2022**
**Total**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
-
1,496
1,496
-
-
-
-
-
-
-
1,500
1,500
-
10,000
10,000
-
-
-
-
5,000
5,000
-
5,000
5,000
-
30,489
30,489
-
17,142
17,142
-
1,970
1,970
-
1,110
1,110
-
1,000
1,000
-
-
-
-
3,000
3,000
-
2,500
2,500
-
1,500
1,500
-
-
-
-
2,500
2,500
-
-
-
-
7,500
7,500
-
-
-
-
2,000
2,000
-
2,500
2,500
-
2,250
2,250
-
50,000
50,000
-
2,500
2,500
-
-
-
-
-
-
-
20,000
20,000
-
-
-
-
2,000
2,000
-
1,500
1,500
-
-
-
-
1,500
1,500
-
2,000
2,000
-
1,750
1,750
-
-
-
-
8,500
8,500
-
4,500
4,500
-
2,638
2,638
-
-
-
-
2,000
2,000
-
-
-
-
-
-
-
5,000
5,000
-
1,750
1,750
-
5,000
5,000
-
5,000
5,000
-
3,000
3,000
-
10,000
10,000
-
-
-
-
60,000
60,000
-
60,000
60,000
-
1,000
1,000
-
1,000
1,000
-
2,000
2,000
-
-
-
-
2,000
2,000
-
2,000
2,000
-
-
-
-
5,000
5,000
-
1,924
1,924
-
-
-
-
4,626
4,626
-
2,200
2,200
105,485
-
105,485
95,424
-
95,424|
|---|---|
||**105,485**
**177,393**
**282,878**
95,424
191,452
286,876|
18
**Yellow Submarine Holidays Company limited by guarantee Notes to the financial statements For the year ended 30 June 2023**
## **4) Income from charitable activities** .
The income from holiday sales, activities and young people projects represents contributions from beneficiaries and their supporters that relate to the direct general activities of the charity. The income from fundraising is from various events organised to raise funds for the general activities of the charity.
## **5) Total expenditure**
|**otal expenditure**||
|---|---|
|**Expenditure on raising funds:**
Fundraising costs
**Expenditure on charitable activities:**
Project costs (previously Holiday costs)
Cafe costs
Wages and salaries
Employer’s NI contributions
Employer’s pension contributions
Staff training & DBS checks
Staff welfare
Entertaining clients
Rent & rates
Heat & Lighting
Insurances
Premises expenses
Printing, postage & stationery
Marketing & advertising
Telephone, computer & internet
Vehicle maintenance
Travelling & subsistence
Cleaning and general
Bank charges
Bad debts
Depreciation
Subscriptions
Governance costs:
Legal and professional costs
Accountancy
Independent examination
**Total expenditure on charitable**
**activities**
**Total expenditure**|**Unrestricted**
**2023**
**Restricted**
**2023**
**Total**
**2023**
**Total**
**2022**
**£**
**£**
**£**
**£**
6,381
-
6,381
1,122|
||50,281
55,723
106,004
59,251
124,915
-
124,915
83,886
144,918
467,771
612,689
522,947
42,196
-
42,196
38,313
26,152
-
26,152
24,972
3,746
-
3,746
4,016
5,464
-
5,464
3,129
-
-
-
-
9,469
-
9,469
7,595
4,602
-
4,602
3,423
4,054
-
4,054
6,060
687
-
687
217
2,363
-
2,363
3,822
3,113
-
3,113
3,534
6,221
-
6,221
9,923
1,224
-
1,224
1,042
711
-
711
3,180
5,382
-
5,382
7,075
907
-
907
645
10,379
-
10,379
5,768
1,462
-
1,462
2,359
9,561
-
9,561
3,162
5,893
-
5,893
6,340
2,473
-
2,473
3,823
1,550
-
1,550
1,440|
||467,723
523,494
991,217
805,922|
||**474,104**
**523,494**
**997,598**
**807,044**|
19
## **Yellow Submarine Holidays Company limited by guarantee Notes to the financial statements For the year ended 30 June 2023**
## **6) Staff costs.**
Key management comprises the Trustees and the charity’s co-directors. Total remuneration paid to key management was £87,189 (2022: £85,110). None of the Trustees received any emoluments or expenses in the year (2022: none).
No employee received emoluments of more than £60,000 in the year (2022: no employee received emoluments of more than £60,000 in the year).
The average number of employees during the year was 42 (2022: 36).
Total defined contribution pension contributions during the year were £26,152 (2022: £24,972).
## **7) Related party transactions.**
No Trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022: none). During the year there were no Trustee expenses (2022: £nil) and the total value of donations made to the charity by its Trustees was £2,240 (2022: £2,240).
## **8) Taxation.**
As a charity, Yellow Submarine Holidays is exempt from tax on income and gains falling within the Income Tax Act 2007 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects, no tax charges have arisen in the charity.
## **9) Debtors** .
|**ebtors**.||
|---|---|
|Trade debtors
Other taxes and social security
Prepayments
**Total**|**2023**
**2022**
**£**
**£**
124,841
117,234
-
174
1,142
1,300|
||**125,983**
**118,708**|
20
## **Yellow Submarine Holidays**
## **Company limited by guarantee Notes to the financial statements**
## **For the year ended 30 June 2023**
## **10) Creditors: Amounts falling due within one year.**
|**reditors: Amounts falling due within one year.**||
|---|---|
|Trade creditors
Other taxes and social security
Accruals and deferred income
Other creditors
**Total**|**2023**
**2022**
**£**
**£**
-
-
7,666
11,943
121,280
127,829
161
1,975|
||**129,107**
**141,747**|
## **11) Movement in funds** .
|**) Movement in funds**.||||||
|---|---|---|---|---|---|
|**Current year**:|**At 1 July**|**Incoming**|**Fund**|**Outgoing**|**At 30 June**|
||**2022**|**resources**|**reallocation**|**resources**|**2023**|
|**Restricted funds**|**£**|**£**|**£**|**£**|**£**|
|Albion (Oxon) Ltd|-|1,496|-|(1,496)|-|
|Baily Thomas|-|10,000|-|(10,000)|-|
|Barbara Ward C.F.|-|5,000|-|(5,000)|-|
|BBC Children in Need|-|30,489|-|(30,489)|-|
|Christopher Laing Found.|-|500|-|(500)|-|
|Christs Hospital Abingdon|-|826|-|(826)|-|
|Cottsway Housing Ass’n. Ltd.|-|1,970|-|(1,970)|-|
|Doris Field Trust|-|1,000|-|(1,000)|-|
|Douglas Artur Foundation|-|500|-|(500)|-|
|Dragon School|-|3,000|-|(3,000)|-|
|EG Foundation|-|1,500|-|(1,500)|-|
|HDH Wills 1965 C.T.|-|500|-|(500)|-|
|Hedley Foundation|-|2,500|-|(2,500)|-|
|Ironmongers|-|7,500|-|(7,500)|-|
|John Horniman's Child. Trust|-|2,000|-|(2,000)|-|
|Lloyds Bank Foundation|-|2,250|-|(2,250)|-|
|Margaret Dobson Trust|-|2,500|-|(2,500)|-|
|Midcounties Comm. Grant|-|500|-|(500)|-|
|Miss W E Lawrence 1973 C.S.|-|1,500|-|(1,500)|-|
|Ormonde Charitable Trust|-|600|-|(600)|-|
|Oxford City Council|-|1,500|-|(1,500)|-|
|Oxford University C.G.S.|-|1,750|-|(1,750)|-|
|Oxfordshire C.F.|-|8,500|-|(8,500)|-|
|Robert & Margaret Moss T.|-|1,000|-|(1,000)|-|
|RWHA C.F.|-|2,638|-|(2,638)|-|
|Shanly Foundation|-|2,000|-|(2,000)|-|
|Sovereign Housing Ass’n|-|1,750|-|(1,750)|-|
|The February Foundation|-|5,000|-|(5,000)|-|
|The Gosling Foundation|-|10,000|-|(10,000)|-|
|The Henry Smith Charity|-|60,000|-|(60,000)|-|
21
|The Syder Foundation
The Weinstock Fund
Truck Festival
Warburtons C.F.
Witney Educational F.
Witney Town Charity
Holiday Sales
Supported Training
Young People Projects
Unrestricted funds
**Total funds**|-
2,000
-
(2,000)
-
-
2,000
-
(2,000)
-
-
500
-
(500)
-
-
400
-
(400)
-
-
1,924
-
(1,924)
-
-
300
-
(300)
-
-
55,723
-
(55,723)
-
-
79,501
-
(79,501)
-
-
210,876
-
(210,876)
-|
|---|---|
||-
523,494
-
(523,494)
-
347,179
432,256
-
(473,854)
305,581|
||**347,179**
**955,750**
**-**
**(997,348)**
**305,581**|
22
## **Yellow Submarine Holidays**
## **Company limited by guarantee Notes to the financial statements For the year ended 30 June 2023**
|**Prior year:**
Restricted funds
Unrestricted funds
**Total funds**|**At 1 July**
**2021**
**£**
**Incoming**
**resources**
**£**
**Fund**
**reallocation**
**£**
**Outgoing**
**resources**
**£**
**At 30 June**
**2022**
**£**
-
464,402
-
(464,402)
-
361,248
328,573
-
(342,642)
347,179|
|---|---|
||**361,248**
**792,975**
**-**
**(807,044)**
**347,179**|
|Fixed Assets
Current Assets
Current Liabilities
**Total funds**|**Restricted**
**funds**
**£**
**Unrestricted**
**funds**
**£**
**At 30 June**
**2022**
**£**
**At 30 June**
**2021**
**£**
-
4,897
4,897
5,660
-
484,029
484,029
490,943
-
(141,747)
(141,747)
(135,335)|
|---|---|
||**-**
**347,179**
**347,179**
**361,248**|
## **12) Lease commitments** .
Future amounts payable under lease agreements at the end of the year were <1 year £1,238.00 1-5 years £Nil
## **13) Deferred income.**
This relates to the grant received from Oxfordshire County Council, for services to be provided in the 2022/23 fiscal year. The deferred amount is calculated prorata to the time remaining, i.e., nine months.
|months.||||
|---|---|---|---|
|**Brought forward**|**Deferred inyear**|**Released inyear**|**Carried forward**|
|**£109,805**|**£110,115**|**£109,805**|**£110,115**|
## **14) General information** .
Yellow Submarine Holidays is a company limited by guarantee incorporated and domiciled in England. Its registered office and principal place of business is 12 Park End Street, Oxford, OX1 1HH.
23