Charity registration number.. 1146664 Spectrum WASP Annual Report and Financial Statements for the Year Ended J l March 2025 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Spectrum WASP Contents (continued) Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements IOto20
Spectrum WASP Reference and Administrative Details Truslees Andrea Mellors Rebecca Henvard Judi Radford Kate Wightman Jill Savage Nikki Dickinson Secretary Kate Richmond Charity Registration Number 1146664 Principal Olee First Floor Ransom Hall Ransom Wood Mansfield Nottinghamshire NG21 OHJ Independeni Examiner John O'Brien, employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI iGL Page I
Spectrum WASP Trustees, Report The trustees present the annual report touether with the financial statements of the charity for the year ended 31 March 2025. Truslees and officers The trnstees and officers serving during the year and since the year end were as folloivs: Trustees: Heather Johnstone (resigned io April 2025) Jessica Mason. Secretary (resigned 24 April 2024) Andrea Mellors Rebecca Herward Nicola Bowers {resigned 24 April 2024) Judi Radford Kate Wightsnan (appointed 24 April 2024) Jill Savage (appoinied 24 April 2024) Nikki Dickinson (appointed 24 April 2024) Secretary.. Kate Richmond Structureg governanee and management ature ofgoverning document The charity is operated under the rules of its constitution adopted 29th March 2012 and most recently amended April 2021. Objectives and activities Objects and aims SPECTRUM WASP - is a 'Not for Profit, Organisation. The aims and objectives are to raise funds for the sole benefit of children and young people in the community, to access 'Spectrum Wasp, causes, and goals. l. To provide suppor¢ guidance and information lor PaTentslCarers and sibling5 of children and young people on the Spectrum. 2. To raise awareness of the effects of Autism. ADHD and Asperger Spectrum Disorder, Disabilities and Special Needs with children and young people in our community. 3. To provide training opportunities for Parentslcarers to support them in caring for their children and young people who can sometimes be incredibly challenging. 4. To provide a varied menu of activities for our special children in order to enhance their quality of life. Page 2
Spectrum WASP Trustees, Report {continlled) Objeclive5, 51rolegie5 and aclivilie5 Spectrum WASP is dedicated to supporting Children and Young People with Autism, Disabilities, and a range of Special or Additional Needs, along with iheir siblings and families. Our work reaches across Rainworth, Blidworth, Mansfield, the surrounding Nottinghamshire communities and beyond. Many of the families Th'e support face significant challenges, including financial hardship and limited access to external help. Our mission is to create a safe. inclusive environment where young people can thrive throu structured activities. workshops, and learning sessions thal promole personal developmenL life skllls, social inclusion and fun. In addition to supporting children and young people. we offer a tailored programme of training and guidance for parents and carers, many of w'hom are navi2ating complex behavioural challenges. These sessions are designed to build resilience, confidence: and a stronger support network. Over the past 16 years, Spectrum WASP has supported more than 600 children. their families, and carers. Our community-driven approach ensures that siblings are actively included in activities and social events, helping to strengthen family bonds and reduce feelings of isolation. Through ongoing learning opportunities. peer 5UPPOrt. and a culture of compassion aT]d understanding, we continue to make a meaningful difference in the lives of the familie5 we 5UPPOrt, em.-erlng them to face daily challenges with confidence and hope. Public benefit Our charity's activities and services play a crucial role in delivering Tneaningful support to Children, Young People. and their Parents and Carers. Beyond the direct 5UPPOrt we provide to familie5, our M.-ork also ha5 a P051tive ripple effect throughout the wider cotnTnunity by promoting inclusion, Tai5ing awareness, and helping to build a more understanding and supportive environment for individuals with additional needs. The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Over the past 16 years. Spectrum W ASP ha5 SUPPOrted over 600 Children, Young People, and their Siblings, a number that continues to grow as more families face crisis and turn to us for support. We are continually experiencing a high number of referrals to join Spectrum WASP with families being directed to our services by Local GPS, Social Workers. Specialist Nurses. Paediatric Consultants, Local H05Pitals, Schools, Family Services, and CAMHS, among others. While many of the disabilities we support may not be immediately visible. the majority of the children and young people we work with have a diatsnosis of Autism. alongside a variety of other complex medical conditions. Alongside our CoMphen$1VC activity program we also offer Short Breaks respite care under a l O-year contract with Nottinghamshire County Council. currently running until 2028. Our home base is located within the peaceful sum)undings of Ransom Wood in Mansfield. This vibrant outdoor setting allows us to deliver a diverse programme of indoor and outdoor workshops and training activities, which we've proudly been running for the past l O years. There is a high demand for our services within the local community. and sustained funding is essential to meet the increasing need and allow us to continue expanding. Page i
Spectrum WASP Trustees, Report {continlled) Our charity offers a wide range of Learning, Life Skills. and Activity Workshop5. including Paediatric First Aid, online training through Blue Streatn Academy. and collabordtive progravnmes with Vision West Nottinghamshire College. Our reuular after-school activities (e.g. cooking, football and music) have gone from strength to strength, becoming a core part of our overall programme. They provide consistent, reliable support throughout tem) time and have become a valued part of many Children and Young People's weekly routines. This continuity carries through into the school holidays. w.here 'e offer a dynamic and inclusive schedule of aclivities-including Football, Bowling, Swimming, Bike Club, Family Days Out. Residential Breaks, and life skills and learning sessions-benefiting not only the Children and Young People, but also their Siblings, Parents, and Carers. The weekly terni time Friday evening 'Teens Club. for our 11-18 years are the highlight of the week for our Young People, Siblings, Staff and Parentlcarers. These sessions focus on social interaction. creativity, friendshiFbuilding, life skills, and fim through a mix of out-and-about activities and group-based experiences. It's become a safe, inclusive, and welcoming space where young people feel valued and connected. Over the past three years: the generous funding from The National Lottery Community Fund (TNLCF) has played a crucial role in establishing Spectrum WASP as a trusted and valued presence '1th1n our local community. This support has enabled us to reach more Children and Young People than ever before, providing vital services to families w'ho often have nom'here else to turn. We are deeply thankful for the opportunities this funding has created, helping us expand our impact and become a lifeline for so many. We are proud to share that Spectrutn WASP has beeT] awarded further funding from The National Lottery Community Fund (as of April 2025). securing 5UPPOrt for the next three years. This renewed ndIng offers us the stability to plan ahead. strengthen our long-terni 5UStainability. and continue delivering the essential 5UPPOrt network that 50 many families depend on. not only within our immediate area, but increasingly from ne1]bOur1ng communities as well. Our reach is growing. and so 15 the need for what we do. A heartfelt thank you to all our supporters - Grant Providers, Donors. Volunteer Fundraisers, Trustees, Parents, Carers, Children. and Young People. Your involvement and belief in our mission are the reason we're here. Without you. there would be no us. Financial review Thanks to the ongoing support from The National Lottery Community Fund (TNLCF), which helps suslain our seven core areas, along with continued fundraising efforts from our team, supporters, and volunteers, we have successfully maintained our reserves at £60,000 for the upcoming fmancial year. To help safeguard these funds, a porlion has been placed into a Nationwide Savings Account, ensuring protection under the FCA'S £85,000 deposit guardnlee. This not only secures our finances but also allows us to generate interest, which can be reinvested to help offset future costs. Policy on reserves Spectrum WASP maintains a reserve fund of £60.000.00, with a target level set at 6 to 8 months, worth of operating costs. Our approach to reserves is outlined in our Financial Controls Policy, Th'hich is reviewed annually. The reserve itself is also reVIe.ed each year to ensure it remains appropriate and aligned with the charity's ongoing financial responsibilities and long-terni sustainability objectives. Page 4
Spectrum WASP
Trustees, Report (continued)
Major risks and managemeht ofiho.ye risks
FundiKg
Spectnun WASP'S core co818 are currently secure(I througli funding trom The National Lottery Community
Fund until March 2028. However, Ihc gyrowing dcinaiid lor our services presents an ongJoing financial risk. With
more families reaching out to join us on a regular basi%, w¥ musi coniinually assc88 our capaciiy aiid resources
to cnsure we Lan Ineet the inLroa5ing IiLcd. Lc)ukii)g ahcad, tl)c cnd ()r our TNLCF funding will mark J LriliLal
turning point. To ensure continiiity ()foLif scrn'lLLS hLyand 2028, we rLcogni8e the impi)rtanLL ()f hiivingF a r()busl
siiqlainabilily pldn in place. WiilioLIt slr()ng dnd proaclivc fLindr4ii%ing inili
Spectrum WASP Independent Examiner's Report to the trustees of Speetrum WASP Independent examiner's report to Ihe Irustees of Speelrum WASP I report to the trustees on my examination of the accounts of Spectrum WASP (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. Independenl examiner's statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section l JO of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounling requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reporls} Regulations 2008 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. I have no concerns and have come across no other mattets in connection with the e.xamination to which attention should be dra'n in this report in order to enable a proper understanding of the accounts to be reached. rien Msc. FAIA, FCIE, employee of Community Accounting Plus Fellow of the A$SlatIOn of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 2710812025
Spectrum WASP Statement of Finaneial Aetivities for the Year Ended 31 March 2025 Total 2025 Total 2024 Unrestricted Restricted Nole Income and Endowment5 from: Donations and legacies Charitable activities Other trading activities Investment income 32,195 148,795 9,106 148,795 261,798 6,284 9.106 Total Income 45,222 148,795 194,017 JOO, I JJ Expenditure on: Charitable activities (54,254) (?07.086) {261,340) (245,829) Total Expenditure (54,254) (907.086) {261,340) {245,829) Net (expenditure)/income Gross transfers between funds (9.032) (J.767) (58,291) (67,323) 54,304 Net movement in funds (12.799) (54,524) (67,32J) Reconcilialion of funds Total funds brought fOard 94,012 131,087 225,099 170,795 Total funds Caled fOard 16 81,213 76,563 157,776 225,099 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 16. The note5 on pages 1 O to 20 form an integral part olthe5e finaTJcial statements.
Spectrum WASP Statement of Financial Activities for the Year Ended 31 Mareh 2025 (continued) These are the figures for the previous accounting period and are ineluded for comparative purposes Total 2024 Unrestricted Restricted Note Income and Endoivments from: Donations and legacies Charitable activities Other trading activities 32,051 32,051 261,798 6,284 261,798 6.284 Total Income 261,798 300,13) Expenditure on: Charitable activities (24,647) {2?1.182) {245,829) Total Expenditure (?4,647) {?21,182) (245,829) Net income Gross transfers between funds 13.688 (262) 40,616 262 54,304 Net movement in funds 13,426 40,878 54,304 Reconciliation of funds Total funds brought forward 80,586 90,209 170,795 Total funds carried forward 16 94,012 lJl,087 225,099 The note5 on pages 1 O to 20 form an integral part olthe5e finaTJcial statements.
Spectrum WASP (Registration number: 1146664) Balance Sheet as at 31 March 2025 2025 2024 Note Current Assets Debtors Ca8h at bank and in hand 10 437 161,109 228,079 161,546 229,260 Credltors: Amounts falllng due wlthln one ye&r 12 3,770 (4,161) Net as$¢ts 157,776 225,099 Funds of the ¢harlty: Restricted Income funds Restricted tunds ifi 76,563 131,087 Unrestrlcted Income funds UnTC5trictcd fitnds 81,213 94,012 TotAI funds 16 157,776 225.()99 The tll)Éincial slalemenls on pagTes 7 10 20 were dpproved by the trustees, and auihonsed lor iysue on d signed on their behdlt. by: ..17/o8/L( Andrcd Mellors Trustee The note5 on pages l O to 20 fom] an Integral pan of these financial statements. Page 9
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Iland (FRS 102) and the Charities Act 2011. Basis of preparation Spectrum WASP meets the definition of a public benefit entit), under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemption from preparing a cash flow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The truslees make this assessment in respect of a period of one year from the date of approval of the financial statements. Ineome and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured with suifjcient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably Measured. Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expendilure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that categorv. Where cost5 cannot be directly attributed to particular headings they have been allocated on a basi5 consistent with the use of resources, with central staff Costs allocated on the basi5 of time spenL and depreciation charges allocated OT] the portion of the asset's use. Other 5UPPOrt costs are allocated based on the spread olstaff costs. Page 10
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Charilable activities Charitable expenditure comprises ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes boih costs th can be allocaied direcily to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests sel out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter J Part I l of the Corporalion Tax Aci 2010 or Section 256 of the Taxatioi) of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. Depreciation and amortisation Depreciation is provided on tangible fjxed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as folloM's= Asset elass Computer equipment Depreciation method and rate JJ.J /0 straiJo t line basis Trade debtors Trade debtor5 are amounts due from customers for vnerchandise 501d or Services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnlent. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and Cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund struclure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds and resources set aside for specific purposes at the discretion of the trusiees. Restricted income funds are those donated for use in a particular area or lor specific purposes, the use of which 15 restricted to that area or purpose. Pagell
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Income from donations and legacies Unrestricted runds General Totsl 202) Total 2024 Donations and legacies. Donations from companie5, trusts and similar proceeds Donations from individuals 5,500 26,551 32,195 32,195 i2,195 3 Income from charitable activities Restricted funds Tot21 2025 Totsl 2024 Short Break5 Grants 47,419 101.376 47,419 101,376 76,259 185,539 148,795 148,795 261,798 4 Income from other trading actii'ities Unrestricted funds General Total funds Total 2024 Local fundraising 9.106 9,106 6,284 9.106 9,106 5 Investment income Unrestricted funds General Total 202) Total 2024 Interest receivable and similar income- Interest receivable on bank deposits Page 12
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 6 Grants and donations Unrestricted (unds Restrieted funds Tot21 funds B C Whiteley Trust Team Vinyl Russell Scanlan Notts Festival of Science 5.000 600 5,000 600 4.241 500 4,241 500 Freernasons 5.000 70,674 13,361 2,000 5,000 70,674 13,361 2,000 20,717 777 274 682 250 9,495 The National Lottery Fund Youth Music Grant Coalfields Regeneration Trust Parent Donation5 Recycling Coin boxes Local Giving Robin Hood Lottery General Donations 20,717 777 274 950 9.495 101,376 133,571 Page li
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff cosls during the year were: Wages and salaries Social security costs Pension costs 149,123 11,470 150,441 5,120 1,355 162,046 156,916 The monthly average number of persons (including senior management team} employed by the charity during the year was as follows.. 2025 2024 Number of etnployees 5 (2024 - 2) of the above employees participated in the Defined Contribuiion Pension Schemes. Contributions to the employee pension schemes for the year totalled £1,453 (2024 - £1,355). No employee received emoluments of more than £60,000 during the year The total employee benefits of the key management personnel of the charity were £Nil (2024 - £66,433). Page 14
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 8 Expenditure on charitable activities Unrestricted funds General Restricted funds Totsl 202) Total 2024 Activities, residential. workshops events 10,448 41,892 731 52,340 37,421 Food Bank charges Cleaning Communications & postage Donations given Fundraising costs Gifts & medals Insurance Legal and professional fees Marketing & publicity Materials, equipment & craft Memberships & subscriptions Officel general admin costs Payroll fees Rates 106 106 117 252 698 1,019 1,908 3,775 1,101 2,026 68 20,752 815 1,140 590 461 2,521 633 633 209 2.887 1.807 2.227 966 ,807 6,027 2.551 7,824 ,20) 557 160 557 160 155 .722 4,758 ,771 20 24) Refreshments & hospitality Rents & amenities Sports kits Sundry expense Travel, training & volunteers Wages, sessional, NI & pension ,875 15,559 2,020 20 10,801 249 1,862 10 722 20.894 1,826 141,152 2,548 162,046 156,916 54,254 207,086 261,340 245,829 9 Independent examiner's fee5 During the period. the fees payable (excluding VAT) to the charity""s independent examiner Community Accounting Plus are analysed as follows= 2025 2024 Independent examination Other financial services 810 775 817 810 1.592 Page 15
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Debtor5 2025 2024 Prepayments 437 1,181 I I Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 160,8J6 228,046 161,109 228,079 12 Creditors: amounts falling due within one year 2025 2024 Other taxation and Sla[ security Accruals 3,134 1,027 4,161 13 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 14 Related party transactions There were no related party tran5action5 in the year. IS Taxation The charity is a registered charity and is therefore exempt from taxation. Page 16
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 16 Funds Balance at 31 Mareh 2025 Balance at April 2024 Incoming resources Resources expended Transfers Unrestricted funds Generol General (54.254} (i.767) Designaled Designated 60,000 60,000 Total unrestricted funds 94,012 45,222 (54,254) (3,767) 81,213 Restricted funds BC Whiteley Trust Ben Nevi5 Fundraiser The National Lottery Community Fund Levelling Up Fund Short breaks Youth Music Grant RenfestlTeam Vinyl Coalfields Trust Freemasons Notts Science Festival Russell Scanlan 2,858 11,681 5.000 (J.061) (7,924) 4,797 3,757 43,353 10,110 52,458 10,168 459 70,674 (117,695) (4,176) (52,554) (16,848) (?29) (2,099) (2,000) (500) 3,668 5,934 47,323 6,681 830 47,419 13,361 600 2.000 5.000 500 99 3,000 4,241 Total restricted funds lJl.087 148.795 (?07,086) Tot21 funds 2?5,099 194,017 (261.340) 157,776 Page17
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) The specific purposes for which the funds are to be applied are as follows: The National Lottery Community Fund has pla>'ed a vital role in suslaining Spectrum WASP over the past three years by covering essential core costs. This funding has supported three full-time roles. one part-time role, sessional staff, as 'ell as key areas such as aclivities and workshops, renL rates. equipment, travel: and training. Levelling Up Fund (Cooking) Through support from Mansfield District Council and Mansfield CVS, Spectrum WASP is proud to have successfully secured funding from the UKSPF 'Levelling Up, Fund. This grant has enabled us to continue to deliver Life and Learning Skills through our vibrant and engaging Cooking Programme, led by our tutor Steph. Youth Music Grant - We're proud to continue delivering OUT well-establi5hed after-school Music Workshops for Children and Young People, thanks to ongoing funding from Youth Arts. This grant 5UPPOrts the continuation of highly successful programme that ha5 already made a lasting impacL helping participant5 deepen their knowledge and confidence in using a wide range of musical instruments and equipment. Renfest/Team Vinyl - A heartfelt thatth you to Nicky. Dam, and all the incredible volunteers at Team Vinyl for their generous £600.00 donation, raised during RaI'0rth's annual Renfest. This amaziTJg contribution from the Rainworth community helped us provide Christmas selection boxes for all of our Children and Young People and also supported our Christmas Party in December ?0?4. Coalfields Regeneration Trust (CRT) - A huge thank you to Steve Abson and the team at CRT for their incredible support. Spectrum WASP was fortunate lo be awarded £2,000, which has enabled us to upgrade the kitchen facilities at our base, Pine House A, and purchase much-needed cooking equipment to enhance our ongoing Cooking Project. Freemasons (Masonic Charitable Foundation - MCF) - We are pleased to have received the first of three annual instalments of £5,000 from MCF. This generous fimding has been specifically granted to support our annual residential trips, providing valuable opportunities for our Children. Young People, and their families to come together, relax, and create lasting memories in a safe and supportive environment. These trips play a vital role in promoting social interaction, personal developmenL and family bonding, and we are incredibly grateful to MCF for helping make these experiences possible year after year. Notts Science Festival - Thanks to a generous £500 donation from the Notts Science Festival, we were able to run engaging and hands-on science workshops during the February half-term for our Children and Young People. These sessions were expertly led by our parenL..'carer tutor. Emm4 who is a skilled science technician at a local secondary school, and brought her unique creativity and passion to the workshops. Partnering with the festival allowed us to combine their expertise with Emma's Professional knowledge and personal touch. making each session exciting and immersive. Our goal is to inspire curi05ity and fun, ensuring that learning happens naiurally 'hIle the children enjoy exploring science in a lively and interactive way. Ben Nevis - We are thrilled to celebraie an outstanding achievement by Nathan and his friends John-joe, Billy, and Steve, who raised an astonishing amount for Spectrum WASP by conquering Ben Nevis. Trekking through all four seasons in just one day- sunshine. wind, rain. and even 6ft of sno. at the summit. They pushed through an epic 9-hour Climb to reach the peak together. This challenge now holds the title as the bi( est fundraiser in Spectrum WASP'S history, and we couldn'l be prouder of their detennination and teamwork. The transfer from the General fund to the Coalfields Trust and the National Lottery Community fund is to cover the deficit on these activities. Page18
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) These are the figures for the previous accounting period and are ineluded for comparative purposes Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resourees expended Transfers Unrestricted funds Generol General (24.647) (10.262) Designaled Designated 50,000 i 0,000 60,000 Tot21 unrestricted funds 80.586 (24,647) (262) 94,012 Restricted BC Whiteley Trust Ben Nevis Fundraiser 2024 The National Lottery Community Fund The National Lottery Community Fund Levelling Up Fund Short breaks Youth Music Grant Sunshine Wamth Melts Winter Blues RenfestlTeam Vinyl (189) 5.000 17.527 (1.953) (5,846) 2,858 11,681 21,514 (21,514) 41,150 122,567 15,000 76,?59 14,845 (141,878) (4.890) (51,535) (4,677) 21,514 43,353 10,110 52,458 10,168 27,734 10.000 600 (10.?62} (141) 262 459 Total restricted funds 90.209 261.798 (?21,182) 262 131,087 Total funds 170,795 )00,1)3 (245.829) 225,099 Page 19
Spectrum WASP Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 17 Analysis of net a55ets between funds Unreslricl 2025 Total funds General Designated Restrieled Current assets Current liabilities 60,000 161,546 (3,770) (3.770) Total net assets 60,000 76,56) 157,776 Unrestricted 2024 Total funds General Designated Restricted Current assets Current liabilities 60,000 131,087 229,260 (4,161) (4,161) Total net assets 60,000 131,087 225,099 Page 20