SIMPLY LIMITLESS Finaneial Statements for the year ended 31 December 2023 Company Number Charity Number 7442337 1142444 Simply Limitless Financial Statements Year Ènded 31 December 2023 Pag Contents Iiifomiatioii Directors Annual Report Reporiiiig Accounlanis Repoi't Stateinent of financial Activities Balance Slicct Noies to the financial sla¢¢m¢ncs 9-10 Simply Limitless Ch#ritabl¢ Company Information Trustecs JP Wisdoin (resI￿led 05106123) CS Dawes RP Pars J Piyce (resigned 27107123) HL Webb (Cliaii.) SJ Lee {appoillted 211101?3) KC Boui)ds {appoinied 2111012Jl MA Zaearoli (appointed ?1110123) F Rajalj (appointed 21110123) Prlncipal Officers P Raper L Raper Secretary RP Pars (appoinl¢d 13106123) Reportin¥ AceounlAnt & Independent E%amlDer Chi Wa Chaii. ACCA 24 Heai115ide Drive, BiiThinghain, England B38 9LP Soli¢ltors Tliursfields. 14 Churcli Street, Kiddei'ininsler. Worcs. DYIO 2AH Bankers Bank of Scotland, New Ubei'ior Iloiise, I l Earl Gr¢y Sir¢¢t, Edinburgh, EJ43 9BN Registered Offi¢e BircheLI Coppice 'frading Estate, 21 Walter Nash Road West, Kidderminster, Worc¢st¢rsliir¢. DYI17QY Company #nd Charity numbers Charity registration nunibei. 1142444 Company iiuinbei. 7442)37 pag¢ I Simply Limitles5 Year ended 31 Dcccmber 2023 DIRECTORS R£PORT The Tnistees, Ivlio are also Diirctors of tlie cl?Biity for the pui'poses of tlie Comp811ies Aei 2006, have pleasure in pre5eiitiiig their I'eport and the indepeiidently examined fmaiicial statements foi. the year ended 31 Decembei. ?0?3. ie Ti'ustees have adopted the provisioiis of the srateTneiit of RecoTnmend¢d Pra¢tic¢ ISORP) 'Accounting and reporting by Charities issued in 2005 in prepariiig tlie Aiinual Report aiid financial stalements of ti)e cl)arLIy- Struetvre, Governance and Mgn2gement Siinply LiiDiil¢ss is a ¢hai'itable ¢onipuiiy liinited by gU￿rantee and does not have any sliai'e capital. Tlie con)paiiy w&s iiicorpoi'ated on 17 Noveinber 2010 is governed by u Mcniorandum and Articles of Associaiion. The Ti'usiees are detailed oii page 2 and aiiy chaiiges in Trustees duri1i8 the year al'e noted ihere. The Trusiees are iespoiisible foi. deeisions related ¢0 the stralegic diieclion of the chai'ity together i¥ith those tliat I'elaie io exceplional fii)ancial oi. reputaii()iial i'isk. Tlie Ti'usiee.% Ineet Itgulai'ly lo moniloi. the progiess of th¢ eliai'ity. Tl)e day to day operational Inaiia8en)ent of (lie chai'ily rests witl) the principal offic¢i's derailed on page l. Thcy ai'¢ rcsponsiblc diiccily lo th¢ Truslcc5. Fund5 and Actlvltles The fundq of Simply Limitles$ liave been applied for the purpo.ie of th¢ pi'ovision of facilities for I'ecrealioii nd leisui'e. tlie advaiicemeiii ofeduclliioi) &i)d relieving the needs of (lie lion)eless in accordance with its obje¢liv¢s. An analysis of Ilie ¢xp¢i)ditui'¢ is shown in the SEat¢ni¢nt of b inai1¢ial Activities 01) pagre 7. All of tlic asscls of Siniply T.imitlcss uir used iii tlie siippoi'l of its charitable objectives oi. foi. rnanagemehi Adminislrative or income generating pui'i)o$es. Tlle conliiiiialion ￿]d eApan.sioii of ihe cliarily'5 aetivities relies upon donations I'e¢eived which are eiiliei. applied dire¢ily for Ihe cliarily's acliviti¢s or are invesred (eiiher al the discielioii of the doiigr oi. at Ilie discietioii of the Tn￿tC¢Sj to pi'ovide ineome in the eilguing years. rhe succcss of futur¢ plans and ongoing ¢ommilment5, Iheirfore, relies upon Ilie income produc¢d from these ongoing donations and fuiids. Publi¢ Benefit The Charity is cominilted to pioviding public benefit Ihi'ough pursuing it's objeciive ol providing facililies for I'ecieation and leisure, the advaiicenient of educalioii and relieviiig the i)e¢ds of hoinclcss pcoplc in sucl) ways as are Lhai'itabl¢. Such beii¢fit is ¢onliiiually nionilor¢d and ¢valual¢d. whilst those who Yoliii)teer woi'king foi. the chai'ity aiE eiicouraged to find iiew and llioir effective ways of making this objcctive a ieality. ObJe¢tlve$ The obje¢tives of Simply Limiil¢ss coiltinue lo be: l The provision of facilitkes for recreation and leisure 2 The advancement of educalioii 3 The relieve die needs of liomeless people in such ways as are charitable page 2 Simply Limitless Year ended 31 December 2023 DIRECTORS REPORT Operations Tlie inforinatloii pi'ovided below is a summary of the activities of the cl)arity io date, including tliose occU￿1￿g after the eiid of ?023. Operations- Inlernet All oui. operations are described 011 the iiilei'net and tliese are accessed through oui. website The website is updated I'egulai'ly with news of events and repoits of what has been happening. Trustees {and direetors) The trustees (aiid dii'eclors) ofil)e ¢harity duriiig the period ivere: JP Wisdom {resigiied 05106123) CS Dawes RP Pars J Pryce (Itsigrted 27107123) HL Webb SJ Lee (appointed ?1110123) KC Boiii)ds (appointed 21110123) MA Zacaroli {appuinted 21110123) F Rajah (appoiiiied 21110123) Board of Tru$te¢s responsibilities The Trustees of Ilie Charity as dii'ectois of tlie coinpany ar¢ I'espoiisible for the preparation of fiiian¢i8151al¢in¢nts for each fiiianLial year wlii¢h givc a true and fair view of the state of affairs of the chaiiry ai Ihc fiilaiicial year eiid aiid of the sui'plus or dcficil for that year. In prepariiig those fiiiancial starfflnents, the Trustee5 are required to- a) SeleLt suitable accountin¥ policies and apply them consistently. b) Make jlidwncnls and estimates that al'e r¢asonabl¢ and prudent. and c) Pi'¢pai'¢ Ehe accounts on a going concern basis unless it is ii)appiopi'iate to presum¢ that the Charity ivill continue its operations. The Board of Trustees are I'espoitsible foi. keeping propel. accouiitints recoi'ds to enable thein lo ensui'e Il)at the fiiian¢ial statements con)ply with the Companies Act 2006. Tliey are also responsible foi. safeguai'ding tlie assets of the Charity ai)d henee for taking reasonable steps for tlie prevention and detection of fi?ud and other irregularities. Tlie Board of Trustees is olso respoiisible for ensurin8 tilat the accounti118 record5 aiid the financial slalemei)ts comply with the Cliariiies Act 2011 and all otlier relevant governing do¢uments. page 3 Simply Limitless Year ended 31 December 2023 DIREcfoRS REPORT Risk management The directors purpose to be awatt of any major strategic, operational and financial risks lo the charity. In the year ahead all of the major ai'eas will be reviciwed and kcpt up to date. Safeguarding policy- in addltion io DBS ceilificales being obtaiiied. the charity has established safe8uading policies aiid evely adult who is Involved in workiiig iviih tlie childreii. young people aiid vulnei'able adults in the charity is supeivised uiider guidelines pi'odu¢¢d by an ind¢peiident body aiid iindeitakes to follow the charity's guidelines. Safety revieivs ￿'e coiidu¢ted by Ilie ¢harily. especially ivliei% public meeliiigs are curi'ently lield with pariiculai. atLeniioii paid (o parenLs for Inainlaining the l)ealili & safety of their children. Public liabiliry is covered by ai) insurai)ec policy. FinarLcial se¢ui'ity is mana¥ed by a i'egiilar revieiv of the charily'y fiiiancial status by rhe Management Team wl)ich is I'eporled to ihe ti'usiees al schediiled nieetii)gs is well as iii between Ineetiiig dates. Achlev¢ments And P¢rformanc¢ Everyone involved will) Ilie cl)ai'ity has been ￿n8Zed al the sigiiifi¢ant pro￿.¢5$ achieved since attiviÉie$ begaii in ?0 I l. Thei'e has been an inciEdibl¢ ainounl of hai'd woi'k involved in this aiid thc cliai'ity Continues lo grow in favour with Ilie local cominuiiity, agencies aiid businesses. Trllnlng events Traiiiiiig occurs fi'equently 8s ehariry volunteers and others are given opportunity to fulfil tl)eir potential in di£lii'ent areas of th¢ activities. Chlldren & Youth Work Tliis iftipoitaiit area is givei) gyeal emphasis throiigl) meetings and social events aii'anged throughout tlie w¢¢k. Tlie yoiiiig peopl¢ aiid ¢hildreii parti¢ipar¢ ii) many are￿ of tlie ¢liarily aiid are especially involved in the leisure and recr¢ation a¢livilies. CAre for thc homeless Volunteers are becon)ing iiicreasuigly involved with rhis area- offering hope and support lo local eoinmuiiities, especially amongst Ilie homeless and iliose living iii h051els. Partnerships Tlie chaiity actively pursues partnership with like-miiided oi'ganisalioi)s ai)d iiidividuals iii the UK. Tliese relationships llave pi'oven vei? benefi¢ial lo ihe ongoing developinenl and groivtli of the local cliarily. page 4 Simply Limitless Year ended 31 De¢ember 2023 DIRECTORS REPORT Financial revieiv Revl¢w of flllanel#l positlon The pi'incipal fundiiig soiiire is iiicome from ageii¢i¢s and Charities suppoi'ling th¢ pi'oj¢¢ls th¢ ¢harity I'un loge(hei' willi voluii¢ary donali011s Jnade by iiieniber5 of Ilie gelle￿1 public & visilois io the Ch￿'itY. Tlic income for Ilic year was £344.386 (2022- £360,571) and cxpenditure was £344,492 {2022'. £361,188) givii)g a deficil of £106 (2022.. deficit £617). TluouJo i conlinuiiig donaiioiis and support Ilie charity l)as been able lo contiiiue ils operations unhindered to ihe dale olihis report and the dii'eclors are confidenl that this will continue. Reserves Policy Tlie chai'ily halds resei'ves iiy inleiEsl beaj'iiig accounts ivith quiek aceess lime frames. The direelors aim lo biiild reserve funds from a level of I nionths mininium to a level approacliing 2 nionths of operating e.xpenses in these accounis. This equates lo a fiii)d of £60,QOO. Plams for the future Thc irLisl¢cs will continiie to look at developii)g iheii. renied preinises Iwliich is used suitable for both administralive w)d charitable purposes) lo serve as a basl for mor¢ dire¢t ¢ominuiiity ii)volvemenl. The cliai'ity is also foi'n)iiig key Telatioiiships ivitli local aiitl?orities, ageiicics aiid businesses wilh whoni il sees tliat it can operate to mutual benefit of its cliaritable aiins aiid objcctlVCS. The CC)VlD-19 pandeinic pre%enled the chai'ity ivith fl'esh Challenges ai)d opporlunilies. Thankfully. due lo (he reptstalioi) of the ¢liarity iii its locality ai)d Ihe eonsistent efforts of its ltadersliip and volunteers, Il has been able to continue servin8 the lo¢al community to dale. Independent Examlner All of the current Irusie¢s liav¢ raken all the sreps that they ouglit ro have takeii to make Ih¢m5elv¢5 aivare of any infnrmatioii i)eeded by the chai'ity's ii)dependen¢ exaniiner for Ilie purposes of l)i.8 e,xaniiiialion ￿]d io establisl) that (he l)e is aivare olihal iiiloi'n)ation. The truslees are nol awai'e of of any relevemi inforinalioii of iwhich he is not awai'e. Tlie Irsolulioii tts appoint Chi Wa Clian as indepeiident examinei. will be pi'oposed at the nexr annual genei'al meeEing. Signing on behalf of tlie Trustees HL Webb I'rus(ee s/g/ut page 5 Simply Limitless Year ended 31 Deeember 2023 Independent examiner's report to the trustees of SÉmply Limitless I report on the accounts of the coM￿nY forthe year ended 31 Deceinber20?) set out on tile following pag¢s. Respective responsibilities of directo￿ Rod cxaD]incr The trllslees Iwho 2re also the directors of the compaiiy for the purposes of company laiv) respoJ]sible for the preparation of the accouiits. The trustees c0115ider that aii audit 15 llot required for this year under seetion 1441?) of the Chariti¢s Act 2011 {Ili¢ 2011 Art) and ihat ali ii)dep¢ndenL examiiiatioii is needed. l-laving salisfi¢d myself that the ch81.ity is iiot subjext lo audit iindcr ¢ompany law and is eligible for independe111 examiiiatioii, it is Iny respoi)sibiliiy to.. exafflirle Ilie ac¢oLinis L￿de1. ¥¢Clioii 145 of ihe 201 I Act. to follow the pix)cedures IAid dowji in the general Diirclions 8iven by tl?e ClIAr&ly Coinnus5ioI? under section 145151(b) of ti)¢ 2011 Act: aiid - to state whether particular niatters have come io nry attention. Ba￿$ of iiidopoDdtDt ¢xxmin¢r's report My ¢xaininaiion was carried out in accordan¢¢ wirli ¢lic gcn¢Tal Diwiioiis giv¢n by tlie Cliarity ComniissioTI. Ali exaiiiiiialion iiicludes a ievieiv of Ilie aecou]i(ing records by the cliariiy and t L'oinporison oftlie accounis preseiited witli t1105e I'¢¢ords. It also in¢lud¢s coiisideration of unusual it¢m5 or disclosurcs iii ¢li¢ )￿QUI)Is, and Seeki￿8 explanalions from you a8 trusie&s coiicemiiig any sucli iiiatters. Tlie pmceduL*% undertaken do iiot provid¢ all Ilie ¢vid¢n¢¢ th?t would be required iii oudil aiid ¢on5¥qu¢n¢ly iio opii?ion is givcii as ¢0 whether tlie accounts preseiit a 'w¢ and fair vi¢iv' and tli¢ rcpoit is liniiied to il)ose Inaticrs s¢i out in the sthteincni b¢low, Indepolldenf exlmlner's slAlement In coni)ertion widi my exAmination, no lknaU¢i' IIAS ¢om¢ to iny attention.. (l) wliich 8ives me reRsonftble cAuie to believe tliat in Any iiiaieri&l iespeci die requiremenis.. lo kocp acctsuntins record$ in acc¢rdin¢¢ with s¢¢tion 130 of th¢ 2011 A¢t: aiid to prepa￿ a¢¢oiiii¢s whic51 a¢cord wi¢h tlie ac¢ouiiliiig re¢oids. comply witli the a￿oUl11111g r¢quirem¢nt$ of rhe ?01 I Ati and with the li￿thodS aiid prii)ciples of the SLatein¢nt ofR¢eomiiiehded Prkciiee.. Accounting and Reporting by Charities have not l?eeii mel.. or (2) to wliicli, iii rny opiiiion, attcntloll Should bc drawn iii ordcr to cnable a propcr uiidcrstaiiding of thc accounts to b¢ reached. cli￿1, ACCA 24 Heathside Drive. Birniin8l1*J￿ Engla￿d BJ8 9LP 9/g/£* page 6 Siwply Limitless STATEMEFIT OF fDJANCiAL ACTivfTIES Year to 31 DeCe￿ber 2023 Rtstrlrftd Funds Ilnrestricted funds Total Toial Fwnds Note$ 2023 2022 IneomlnK RtSoU￿eS Intomirtg r¢sourees from g¢n¢rttted funds Voluniary Incoi•¢ Futidtaisijig Ii)coj￿tt 18?447 134.519 26.616 316,9&6 327.?38 Ins'utmgn¢ Xn¢om¢ Bank llllgrcst 804 804 53 lrteoniln¥ r¢$ourtts from th4rlt#ble uctlvltles Sulttlry, SAJ¢$ To¢al Incomlng r£sTrurces Rtsourees Exptnded Chiritlble a¢tlvi¢ies 174.562 153 728 327.790 3)7,882 Suppoi't C.ost$ Fundrfii¥in8 L￿$1$ 16.702 16.702 23.306 ov¢rn#n¢¢ Costi Totsl Re5oyr¢¢5 Exp¢nd¢d 344.4 Nel IDcomin8louiifftlh8 rtsourct$ beforE transftrs Trf5 ￿1 Thifi Funds Brouglii 19.450 4.627 24.077 24,694 Gr05s transFer$ b￿liEtn fiLnds Toial tund$ ¢avri¢d formwd .077 psge g Sirnply Limitltss BALAN'CL SFILET AS a¢ 31 De¢rnJbcr 2023 Nole 2023 102Z Ftxed Assc¢6 Tongible Asse¢sforu% by th¢ ¢h¥i Baiik&eash liJ.849 133.849 C.rcdl¢vrJ'. um0￿1$ F4lliD$ due Iljllitn r￿¢ yur Not CurrnTII Asstts 2J.970 lQ.076 TOIAI ￿￿ets Itm current If￿￿111l1 23,971 24,077 23.971 ?4.077 Fllttds UiiresLri¢*d Funds RL%iriciod F￿ndS {3.3641 4.&17 19.450 24.077 23.971 Foi the ytur¢ndinBJI Ikccffl￿r 2025 th2 C￿nPUnY ii'L8unililed to&YompLion lknJaudiL under srtilon 477 oflh¢ C¢rnwnic5 Act 2006 rejllfini io snwll Di￿¢[￿r$, rel￿nSibilI11•S'. Il* liiv¢ noi i¢quir¢d th4 ¢ompaiiy ioubuinlln Qlldiiof itsLccounL% fy Lhe yoarin qU¢Slion in 4¢¢(*don¢¢ Willi st¢lion 476. Ihedire¢iorsAcknoivl¢dy ith¢irr¢ypoNi*iliil¢sf¢i cwplyi*8 wilh th¢ rEquiremenis ofihe Aci wilh r¢spe¢i10 g¢couniti>B r¢¢(*ds*Ad Ihe pr¢paTrliM ofaccoun .IIK's¢ 4¥tDunii have pre￿id tn 4¢¢oidonce wiihth< provisions 4ppli¢uble io 2P1> Jryii UThy¢rfrthl RutdEIE 4. C*￿1 J￿1 T￿1 YLf¥l UNTcUrk Fu￿1 S.DDi 114&0 C45T rTBOOXVAIUÉ firw¥¥