Achievements and performance
Holidays
The holidays THHN offer are never going to cure any illnesses or change diagnosis, but what we do offer is a positive distraction for families who are all living nightmares and giving them a chance of some quality family time to make special memories to treasure forever.
THHN provided 33 families with holidays over the past 12 months which is a wonderful achievement considering that our referring agencies are still not back having the same contact with families as they did pre covid. We have seen the number of referrals drop off last year and due to health concerns we had 9 arranged holidays cancelled in the weeks and days leading to the planned holiday.
This brings the total number of families provided with a THHN memory making holiday to 894.
We would like to thank all of THHN’s supporters and volunteers who make these free memory making holidays possible.
Referrals
We continue to receive referrals from all over the UK from our list of over 50 organisations, which consists of registered charities, hospices, NHS medical and health care professionals.
Beach Hut
We are still able to offer our families the use of a traditional beach hut at Preston Sands and this is very popular especially with families with young children. Our thanks go to our volunteer Caroline who maintains the beach hut and makes sure it is well equipped with fun beach activity items.
Donations and fundraising
We are a community of people and value all, for whatever they can give the charity, and it is fair to say our fundraising has taken a hit during the pandemic. During this year due to the covid restrictions we had to cancel all our fundraising activities
Over the year we have continued to receive some support from local businesses and attractions.
Linus Project
Rockfish Seafood Restaurant
Paignton Rotary Club
Sunshine Rotary Club
Tormohun Rotary Club
Pennywell Farm
Angels and Mavericks Choir
Volunteers
We are so incredibly grateful to each volunteer who has offered up their free time to support the charity.
The charities Steering Group (all volunteers) have continued to meet regularly and thanks to their dedication and hard work have continued to ensure the charity remains stable and still able to offer free holidays to families.
Business Supporters
Due to the financial restraints placed on hospitality establishments due to covid and the increase in the cost of living we made a decision to only use our own accommodation during this year, enabling our kind hearted accommodation providers to maximise their own businesses.
We once again have had some fantastic support from local attractions, providing free entry to all families on a THHN holiday, this is so enjoyed and appreciated by all the families.
The support we receive from our local Businesses, hospitality and tourist attractions, traditionally are a major cog in providing fun filled family holidays and we look forward to receiving their support in the coming years.
Financial review
Our "THHN Grant" scheme continues to be a huge success - thanks to our incredible fundraisers. Our grants were introduced as we were finding some families could not afford the costs to even travel down to The English Riviera as they had become single or even zero income families whilst caring for a sick child.
We can cover fuel costs by providing 25p per mile travelled to and from their holiday destination as well as a £5 per day holiday fuel allowance, and £2.50 per person daily allowance. We can also purchase return train or coach tickets for families who do not have their own mode of transport and a weekly bus pass whilst staying in the Torbay.
This year, seven of our families received these grants ranging from £60.00 to £185.00, giving a total of £1031.00. Without the support of our grant they would not have been able to accept the offer of a free holiday.
Fundraising
During this year we returned to organising one of our main fundraising events, the City to Sea Marathon and Festival of Fun which is due to take place in September.
Plans for the Future
Our main goal, and focus, is to continue to provide families who fit our criteria with free action packed, and fun filled holidays, here on the English Rivera, with the assistance of our grants scheme where needed.
To continue to highlight the work of the charity so that families who are affected by serious illness or bereavement can benefit from one of our free holidays.
Charity registration number 1146245
Company registration number 07690157 (England and Wales)
TORBAY HOLIDAY HELPERS NETWORK (THHN) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
TORBAY HOLIDAY HELPERS NETWORK (THHN)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr M R Brook Mr J B Bunce Mrs H M Duffield Charity number 1146245 Company number 07690157 Registered office 7 St Paul's Road Newton Abbot Devon TQ12 2HP Independent examiner Rupp & Fraser Chartered Accountants and Statutory Auditor 7 St Paul's Road Newton Abbot Devon TQ12 2HP
TORBAY HOLIDAY HELPERS NETWORK (THHN)
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 11 - 17 |
TORBAY HOLIDAY HELPERS NETWORK (THHN)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2022
The trustees, who are also the directors of Torbay Holiday Helpers Network (THHN) 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 THHN 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 THHN 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 THHN 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 THHN and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 1 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2022
The trustees present their annual report and financial statements for the year ended 31 July 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the THHN's [governing document], 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 2019).
Objectives and activities
The charitable objective is to provide free holidays to families resident in the UK who have seriously ill children (life limiting/threatening); who are bereaved - having lost a child or parent (including bereaved couples) and to families who have a terminally ill parent.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the THHN should undertake.
- 2 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Achievements and performance Holidays
The holidays THHN offer are never going to cure any illnesses or change diagnosis, but what we do offer is a positive distraction for families who are all living nightmares and giving them a chance of some quality family time to make special memories to treasure forever.
THHN provided 33 families with holidays over the past 12 months which is a wonderful achievement considering that our referring agencies are still not back having the same contact with families as they did pre covid. We have seen the number of referrals drop off last year and due to health concerns we had 9 arranged holidays cancelled in the weeks and days leading to the planned holiday.
This brings the total number of families provided with a THHN memory making holiday to 894.
We would like to thank all of THHN’s supporters and volunteers who make these free memory making holidays possible.
Referrals
We continue to receive referrals from all over the UK from our list of over 50 organisations, which consists of registered charities, hospices, NHS medical and health care professionals.
Beach Hut
We are still able to offer our families the use of a traditional beach hut at Preston Sands and this is very popular especially with families with young children. Our thanks go to our volunteer Caroline who maintains the beach hut and makes sure it is well equipped with fun beach activity items.
Donations and fundraising
We are a community of people and value all, for whatever they can give the charity, and it is fair to say our fundraising has taken a hit during the pandemic. During this year due to the covid restrictions we had to cancel all our fundraising activities
Over the year we have continued to receive some support from local businesses and attractions.
Linus Project
Rockfish Seafood Restaurant
Paignton Rotary Club
Sunshine Rotary Club
Tormohun Rotary Club
Pennywell Farm
Angels and Mavericks Choir
- 3 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Volunteers
We are so incredibly grateful to each volunteer who has offered up their free time to support the charity.
The charities Steering Group (all volunteers) have continued to meet regularly and thanks to their dedication and hard work have continued to ensure the charity remains stable and still able to offer free holidays to families.
Business Supporters
Due to the financial restraints placed on hospitality establishments due to Covid and the increase in the cost of living we made a decision to only use our own accommodation during this year, enabling our kind hearted accommodation providers to maximise their own businesses.
We once again have had some fantastic support from local attractions, providing free entry to all families on a THHN holiday, this is so enjoyed and appreciated by all the families.
The support we receive from our local Businesses, hospitality and tourist attractions, traditionally are a major cog in providing fun filled family holidays and we look forward to receiving their support in the coming years.
Financial review
Our "THHN Grant" scheme continues to be a huge success - thanks to our incredible fundraisers. Our grants were introduced as we were finding some families could not afford the costs to even travel down to The English Riviera as they had become single or even zero income families whilst caring for a sick child.
We can cover fuel costs by providing 25p per mile travelled to and from their holiday destination as well as a £5 per day holiday fuel allowance, and £2.50 per person daily allowance. We can also purchase return train or coach tickets for families who do not have their own mode of transport and a weekly bus pass whilst staying in the Torbay.
This year, seven of our families received these grants ranging from £60.00 to £185.00, giving a total of £1031.00. Without the support of our grant they would not have been able to accept the offer of a free holiday.
Fundraising
During this year we returned to organising one of our main fundraising events, the City to Sea Marathon and Festival of Fun which is due to take place in September.
Plans for future periods
Our main goal, and focus, is to continue to provide families who fit our criteria with free action packed, and fun filled holidays, here on the English Rivera, with the assistance of our grants scheme where needed.
To continue to highlight the work of the charity so that families who are affected by serious illness or bereavement can benefit from one of our free holidays.
Structure, governance and management
The THHN is a company limited by guarantee (incorporated 1 July 2011) and does not have a share capital. The constitution allows the non-use of "Limited" in the name. In the event of the charitable company being wound up members are required to contribute an amount not exceeding £10.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr M R Brook Mr J B Bunce Mrs H M Duffield
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
- 4 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
The trustees' report was approved by the Board of Trustees.
Mr J B Bunce Trustee
28 April 2023
- 5 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TORBAY HOLIDAY HELPERS NETWORK (THHN)
I report to the trustees on my examination of the financial statements of Torbay Holiday Helpers Network (THHN) (the THHN) for the year ended 31 July 2022.
Responsibilities and basis of report
As the trustees of the THHN (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the THHN 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 the THHN’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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 that in any material respect:
-
1 accounting records were not kept in respect of the THHN as required by section 386 of the 2006 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements 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 financial statements 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 financial statements to be reached.
Christopher Rupp FCA
Rupp & Fraser
Chartered Accountants and Statutory Auditor 7 St Paul's Road Newton Abbot Devon TQ12 2HP
Dated: 28 April 2023
- 6 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2022
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 41,855 | 43,432 |
| Other trading activities | 3 | 100 | - |
| Total income | 41,955 | 43,432 | |
| Expenditure on: | |||
| Raising funds | 4 | 4,485 | 2,748 |
| Family grant scheme | 5 | 60,076 | 60,653 |
| Total expenditure | 64,561 | 63,401 | |
| Net income/(expenditure) for the year/ | |||
| Net movement in funds | (22,606) | (19,969) | |
| Fund balances at 1 August 2021 | 191,413 | 211,382 | |
| Fund balances at 31 July 2022 | 168,807 | 191,413 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
BALANCE SHEET
AS AT 31 JULY 2022
| Notes Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2022 £ 1,980 5,750 35,957 43,687 (3,357) |
£ 128,477 40,330 168,807 168,807 168,807 |
2021 £ 1,980 349 41,494 43,823 (3,793) |
£ 151,383 40,030 |
|---|---|---|---|---|
| 191,413 | ||||
| 191,413 | ||||
| 191,413 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 28 April 2023
Mr J B Bunce
Trustee
Company registration number 07690157
- 8 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
Charity information
Torbay Holiday Helpers Network (THHN) is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 St Paul's Road, Newton Abbot, Devon, TQ12 2HP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the THHN's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The THHN is a Public Benefit Entity as defined by FRS 102.
The THHN has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the THHN. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the THHN has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the THHN.
1.4 Incoming resources
Income is recognised when the THHN is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the THHN has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the THHN has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
(Continued)
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 10% straight line Equipment 25% straight line Website 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.6 Impairment of fixed assets
At each reporting end date, the THHN reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 10 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
(Continued)
1.9 Financial instruments
The THHN has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the THHN's balance sheet when the THHN becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the THHN’s contractual obligations expire or are discharged or cancelled.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 18,864 | 13,256 |
| Torbay Council Grant | - | 7,500 |
| Donations of holidays in kind | 22,000 | 20,340 |
| 40,864 | 41,096 | |
| Running and event sposorship | 991 | 2,336 |
| 41,855 | 43,432 |
- 11 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
3 Other trading activities
| 4 | Unrestricted Total funds 2022 2021 £ £ Fundraising events 100 - Raising funds Unrestricted Unrestricted funds funds 2022 2021 £ £ Fundraising and publicity Staging fundraising events 1,300 28 Fundraising agents 1,984 1,928 Advertising 1,147 792 Other fundraising costs 54 - 4,485 2,748 4,485 2,748 |
Total 2021 £ - |
|---|---|---|
| 2,748 | ||
| 2,748 |
- 12 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
5 Family grant scheme
| Family Grant Scheme (see below for breakdown) Share of Governance costs (see note 6) Family grant scheme Travel costs grants Repairs at the lodge Storage rental Laundry and cleaning Overall site costs Holidays in kind Support costs Support costs Governance costs £ £ Depreciation - 22,906 Accountancy fees - 2,463 Legal & professional - 570 Subscriptions - 154 Other costs - 256 - 26,349 |
Charitable Expenditure Charitable Expenditure 2022 2021 £ £ 33,727 43,625 33,727 43,625 26,349 17,028 60,076 60,653 2022 2021 2,110 3,070 205 1,943 1,954 1,705 2,013 2,646 5,445 13,921 22,000 20,340 33,727 43,625 2022Support costs Governance costs 2021 £ £ £ £ 22,906 - 13,797 13,797 2,463 - 1,900 1,900 570 - 689 689 154 - 186 186 256 - 456 456 26,349 - 17,028 17,028 |
|---|---|
6 Support costs
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the THHN during the year.
- 13 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
8 Employees
Number of employees
There were three Trustees in the year but no employees
| 2022 | 2021 |
|---|---|
| Number | Number |
| 3 | 3 |
9 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Tangible fixed assets
| 10 Tangible fixed assets |
||
|---|---|---|
| Leasehold land and buildings Equipment £ £ Cost At 1 August 2021 156,700 67,458 At 31 July 2022 156,700 67,458 Depreciation and impairment At 1 August 2021 25,651 53,694 Depreciation charged in the year 15,670 7,236 At 31 July 2022 41,321 60,930 Carrying amount At 31 July 2022 115,379 6,528 At 31 July 2021 131,049 20,333 11 Stocks Finished goods and goods for resale 12 Debtors Amounts falling due within one year: Prepayments and accrued income |
Website £ 6,570 6,570 - - - 6,570 1 2022 £ 1,980 2022 £ 5,750 |
Total £ 230,728 |
| 230,728 | ||
| 79,345 22,906 |
||
| 102,251 | ||
| 128,477 | ||
| 151,383 | ||
| 2021 £ 1,980 |
||
| 2021 £ 349 |
- 14 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
13 Loans and overdrafts
| 13 Loans and overdrafts |
||
|---|---|---|
| Directors' loans Payable within one year 14 Creditors: amounts falling due within one year Borrowings Accruals and deferred income |
2022 £ 156 156 2022 £ 156 3,201 3,357 |
2021 £ - |
| - | ||
| 2021 £ - 3,793 |
||
| 3,793 |
15 Retirement benefit schemes
The THHN operated a defined contribution pension scheme for all qualifying employees. The assets of the scheme were held separately from those of THHN in an independently administered fund.
16 Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
- 15 -
Charity registration number 1146245
Company registration number 07690157 (England and Wales)
TORBAY HOLIDAY HELPERS NETWORK (THHN) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
TORBAY HOLIDAY HELPERS NETWORK (THHN)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr M R Brook Mr J B Bunce Mrs H M Duffield Charity number 1146245 Company number 07690157 Registered office 7 St Paul's Road Newton Abbot Devon TQ12 2HP Independent examiner Rupp & Fraser Chartered Accountants and Statutory Auditor 7 St Paul's Road Newton Abbot Devon TQ12 2HP
TORBAY HOLIDAY HELPERS NETWORK (THHN)
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 11 - 17 |
TORBAY HOLIDAY HELPERS NETWORK (THHN)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2022
The trustees, who are also the directors of Torbay Holiday Helpers Network (THHN) 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 THHN 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 THHN 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 THHN 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 THHN and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 1 -
TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2022
The trustees present their annual report and financial statements for the year ended 31 July 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the THHN's [governing document], 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 2019).
Objectives and activities
The charitable objective is to provide free holidays to families resident in the UK who have seriously ill children (life limiting/threatening); who are bereaved - having lost a child or parent (including bereaved couples) and to families who have a terminally ill parent.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the THHN should undertake.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Achievements and performance Holidays
The holidays THHN offer are never going to cure any illnesses or change diagnosis, but what we do offer is a positive distraction for families who are all living nightmares and giving them a chance of some quality family time to make special memories to treasure forever.
THHN provided 33 families with holidays over the past 12 months which is a wonderful achievement considering that our referring agencies are still not back having the same contact with families as they did pre covid. We have seen the number of referrals drop off last year and due to health concerns we had 9 arranged holidays cancelled in the weeks and days leading to the planned holiday.
This brings the total number of families provided with a THHN memory making holiday to 894.
We would like to thank all of THHN’s supporters and volunteers who make these free memory making holidays possible.
Referrals
We continue to receive referrals from all over the UK from our list of over 50 organisations, which consists of registered charities, hospices, NHS medical and health care professionals.
Beach Hut
We are still able to offer our families the use of a traditional beach hut at Preston Sands and this is very popular especially with families with young children. Our thanks go to our volunteer Caroline who maintains the beach hut and makes sure it is well equipped with fun beach activity items.
Donations and fundraising
We are a community of people and value all, for whatever they can give the charity, and it is fair to say our fundraising has taken a hit during the pandemic. During this year due to the covid restrictions we had to cancel all our fundraising activities
Over the year we have continued to receive some support from local businesses and attractions.
Linus Project
Rockfish Seafood Restaurant
Paignton Rotary Club
Sunshine Rotary Club
Tormohun Rotary Club
Pennywell Farm
Angels and Mavericks Choir
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Volunteers
We are so incredibly grateful to each volunteer who has offered up their free time to support the charity.
The charities Steering Group (all volunteers) have continued to meet regularly and thanks to their dedication and hard work have continued to ensure the charity remains stable and still able to offer free holidays to families.
Business Supporters
Due to the financial restraints placed on hospitality establishments due to Covid and the increase in the cost of living we made a decision to only use our own accommodation during this year, enabling our kind hearted accommodation providers to maximise their own businesses.
We once again have had some fantastic support from local attractions, providing free entry to all families on a THHN holiday, this is so enjoyed and appreciated by all the families.
The support we receive from our local Businesses, hospitality and tourist attractions, traditionally are a major cog in providing fun filled family holidays and we look forward to receiving their support in the coming years.
Financial review
Our "THHN Grant" scheme continues to be a huge success - thanks to our incredible fundraisers. Our grants were introduced as we were finding some families could not afford the costs to even travel down to The English Riviera as they had become single or even zero income families whilst caring for a sick child.
We can cover fuel costs by providing 25p per mile travelled to and from their holiday destination as well as a £5 per day holiday fuel allowance, and £2.50 per person daily allowance. We can also purchase return train or coach tickets for families who do not have their own mode of transport and a weekly bus pass whilst staying in the Torbay.
This year, seven of our families received these grants ranging from £60.00 to £185.00, giving a total of £1031.00. Without the support of our grant they would not have been able to accept the offer of a free holiday.
Fundraising
During this year we returned to organising one of our main fundraising events, the City to Sea Marathon and Festival of Fun which is due to take place in September.
Plans for future periods
Our main goal, and focus, is to continue to provide families who fit our criteria with free action packed, and fun filled holidays, here on the English Rivera, with the assistance of our grants scheme where needed.
To continue to highlight the work of the charity so that families who are affected by serious illness or bereavement can benefit from one of our free holidays.
Structure, governance and management
The THHN is a company limited by guarantee (incorporated 1 July 2011) and does not have a share capital. The constitution allows the non-use of "Limited" in the name. In the event of the charitable company being wound up members are required to contribute an amount not exceeding £10.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr M R Brook Mr J B Bunce Mrs H M Duffield
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
The trustees' report was approved by the Board of Trustees.
Mr J B Bunce Trustee
28 April 2023
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TORBAY HOLIDAY HELPERS NETWORK (THHN)
I report to the trustees on my examination of the financial statements of Torbay Holiday Helpers Network (THHN) (the THHN) for the year ended 31 July 2022.
Responsibilities and basis of report
As the trustees of the THHN (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the THHN 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 the THHN’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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 that in any material respect:
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1 accounting records were not kept in respect of the THHN as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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
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4 the financial statements 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 financial statements to be reached.
Christopher Rupp FCA
Rupp & Fraser
Chartered Accountants and Statutory Auditor 7 St Paul's Road Newton Abbot Devon TQ12 2HP
Dated: 28 April 2023
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2022
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 41,855 | 43,432 |
| Other trading activities | 3 | 100 | - |
| Total income | 41,955 | 43,432 | |
| Expenditure on: | |||
| Raising funds | 4 | 4,485 | 2,748 |
| Family grant scheme | 5 | 60,076 | 60,653 |
| Total expenditure | 64,561 | 63,401 | |
| Net income/(expenditure) for the year/ | |||
| Net movement in funds | (22,606) | (19,969) | |
| Fund balances at 1 August 2021 | 191,413 | 211,382 | |
| Fund balances at 31 July 2022 | 168,807 | 191,413 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
BALANCE SHEET
AS AT 31 JULY 2022
| Notes Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2022 £ 1,980 5,750 35,957 43,687 (3,357) |
£ 128,477 40,330 168,807 168,807 168,807 |
2021 £ 1,980 349 41,494 43,823 (3,793) |
£ 151,383 40,030 |
|---|---|---|---|---|
| 191,413 | ||||
| 191,413 | ||||
| 191,413 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 28 April 2023
Mr J B Bunce
Trustee
Company registration number 07690157
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
Charity information
Torbay Holiday Helpers Network (THHN) is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 St Paul's Road, Newton Abbot, Devon, TQ12 2HP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the THHN's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The THHN is a Public Benefit Entity as defined by FRS 102.
The THHN has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the THHN. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the THHN has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the THHN.
1.4 Incoming resources
Income is recognised when the THHN is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the THHN has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the THHN has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
(Continued)
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 10% straight line Equipment 25% straight line Website 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.6 Impairment of fixed assets
At each reporting end date, the THHN reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
(Continued)
1.9 Financial instruments
The THHN has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the THHN's balance sheet when the THHN becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the THHN’s contractual obligations expire or are discharged or cancelled.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 18,864 | 13,256 |
| Torbay Council Grant | - | 7,500 |
| Donations of holidays in kind | 22,000 | 20,340 |
| 40,864 | 41,096 | |
| Running and event sposorship | 991 | 2,336 |
| 41,855 | 43,432 |
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
3 Other trading activities
| 4 | Unrestricted Total funds 2022 2021 £ £ Fundraising events 100 - Raising funds Unrestricted Unrestricted funds funds 2022 2021 £ £ Fundraising and publicity Staging fundraising events 1,300 28 Fundraising agents 1,984 1,928 Advertising 1,147 792 Other fundraising costs 54 - 4,485 2,748 4,485 2,748 |
Total 2021 £ - |
|---|---|---|
| 2,748 | ||
| 2,748 |
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
5 Family grant scheme
| Family Grant Scheme (see below for breakdown) Share of Governance costs (see note 6) Family grant scheme Travel costs grants Repairs at the lodge Storage rental Laundry and cleaning Overall site costs Holidays in kind Support costs Support costs Governance costs £ £ Depreciation - 22,906 Accountancy fees - 2,463 Legal & professional - 570 Subscriptions - 154 Other costs - 256 - 26,349 |
Charitable Expenditure Charitable Expenditure 2022 2021 £ £ 33,727 43,625 33,727 43,625 26,349 17,028 60,076 60,653 2022 2021 2,110 3,070 205 1,943 1,954 1,705 2,013 2,646 5,445 13,921 22,000 20,340 33,727 43,625 2022Support costs Governance costs 2021 £ £ £ £ 22,906 - 13,797 13,797 2,463 - 1,900 1,900 570 - 689 689 154 - 186 186 256 - 456 456 26,349 - 17,028 17,028 |
|---|---|
6 Support costs
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the THHN during the year.
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
8 Employees
Number of employees
There were three Trustees in the year but no employees
| 2022 | 2021 |
|---|---|
| Number | Number |
| 3 | 3 |
9 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Tangible fixed assets
| 10 Tangible fixed assets |
||
|---|---|---|
| Leasehold land and buildings Equipment £ £ Cost At 1 August 2021 156,700 67,458 At 31 July 2022 156,700 67,458 Depreciation and impairment At 1 August 2021 25,651 53,694 Depreciation charged in the year 15,670 7,236 At 31 July 2022 41,321 60,930 Carrying amount At 31 July 2022 115,379 6,528 At 31 July 2021 131,049 20,333 11 Stocks Finished goods and goods for resale 12 Debtors Amounts falling due within one year: Prepayments and accrued income |
Website £ 6,570 6,570 - - - 6,570 1 2022 £ 1,980 2022 £ 5,750 |
Total £ 230,728 |
| 230,728 | ||
| 79,345 22,906 |
||
| 102,251 | ||
| 128,477 | ||
| 151,383 | ||
| 2021 £ 1,980 |
||
| 2021 £ 349 |
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TORBAY HOLIDAY HELPERS NETWORK (THHN)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
13 Loans and overdrafts
| 13 Loans and overdrafts |
||
|---|---|---|
| Directors' loans Payable within one year 14 Creditors: amounts falling due within one year Borrowings Accruals and deferred income |
2022 £ 156 156 2022 £ 156 3,201 3,357 |
2021 £ - |
| - | ||
| 2021 £ - 3,793 |
||
| 3,793 |
15 Retirement benefit schemes
The THHN operated a defined contribution pension scheme for all qualifying employees. The assets of the scheme were held separately from those of THHN in an independently administered fund.
16 Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
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