Charlty registratlon numb8r 1149697 Company Yegistration number 08107118 IEngland and Wales} RECREATE DORSET ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •A813F¥W" 03112r2022 CCWPAAIES HOUSE A19
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RECREATE DORSET LEGALAND ADMINISTRATIVE INFORMATION Ttee5 AngeL8 PCKJ Caron Khan Jane Kel Pamela Dwnellan James crard Chris Thomas Charity numbef 114*97 Company number 08107118 Register office Old S¢hod House Gladstone Mews Boscombe BoumenKKrth Dor5el BH7 6BG Indèpendent Exarniner Ru¢Aands ÈbSter knmited Austin House 43 Poole Road Bournemoulh En9taEKI Bfr14 9DN
RECREATE DORSET CONTENTS Page Chairman's slaterynt Trustees. rewrt Independrt examiners Statewnt offinanciJ actMIs Balance sheet Notes to the flnancial statements 9-15
RECREATE DORSET CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The year began ¥wth th¥ chaIng&S presented by Ihe ongoing effeds of the COVID.19 pandemic, particularfy with our main operational base, The Old SchcM)l House. whTcb Mained closed for the fitst 6 months ol the year. An imprtsvèd position from September 2021 saw a return to business in the co-work Spa and an atjdits.onal marketing strategy was put in place to develop new contacts an¢J encourage ctrworkers to ielum after a long period ol closu. The (Jevelopment of the Assembty Hall for communty and business hires InCaSed si9nifieantty from September 2021, th a steady rise in repeat brking$ from Èstablished and new organisations and busines5e5 in the area and from hjrther afjeld. The expansion ol our cornmunity programme made ptsssible through a number ol successful grant application$ from Trusls and FoundatKns. also brought in many new users and community group5. BCP Covn¢il tonknnued to pro¥KJe addrtKJnal business grants in 2021122 to eonynsate lof the tltssure ¢Junng the pan¢Jenwc. The Trusl has continued to operate wth 2 part-ts $talt, the markekn.ng and Developrrnl Coordinator and the Developmenl Director. The Developrnent Director becarne 8 wrember of staff trom 1 Aprfl 2021, pwjouY this had been a freelance ptIOn. Simon Rolfe has continued to provide freelar support for the preparatKJn of mana98ment accounts and on90in9 financial managerrent. Due io the uncertain$ causÈd by the pandèrnic. Ihe Trust has been cautityjs to undertake new actNity and planned standstsll growth until there was a cjearer picture of the lon9-ter¥n econom effecls of Ihe pandemic. As result. the Devek)pment D1ctor has focJJsed activty on raising funds through grants, specificalty for our community programmes. This has to an increase in management fees and hire fees for the Assembly Hall which has supported the o¥eraU runnirJ costs rAthe ganISat. Whilst final expenditurè of thè LÈgacy Fund was COMpted tn 2019. one outstanding projecl, the proposed new sports pavilion for the Ferndown Football organIsat was slill behind schedule bui work finalty ccYnrnen¢ed and the build is due for camplet'on in 2022. As in 2021122. the Trust agreed to ¢ontirtu¢ to ¢on¢entrote rts ac"vities on supp)rting of the key set out in the Mèmorandurn and Articles.. 11 The crealion of training and employrnent 0pp0rtunrtS by the proms# of workspace. buikjings, anwor land for use on favovrable tem)s-. and 21 to develop the capacty and skills of the members ofthe Social and econom1 disaijvanlaged cornmunity of BoumerTr)uth and surroundin9 area in $u¢h a way that thèy are better ab to identfy, and help rreel. their nee(Is and lo participate more lulty in society. Th¢ Trust's main is ojrrenty cnwbtrated in BoscorT4)e. wih ts mana9etrent of The Okl Sthwl House as the community and cwork hub and the managen*nt of the 11 share ownershy properties in Gtadstone Mews. BCP Counal continues to offer management semtes to collect ThIS and Serv charges from the re%dents in the propertiès and hold the annual meeting wth the residents. which takes place each autumn. One propety. No 5. was put on Ihe market during 2021 with thè comW&l1 of ihè sak finalised in May 2021. Chris Thomas - Chair Date..
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORD FOR THE YEAR ENDED 31 IAARCH 2022 The trustees present their report and finanual statements for the yew ende(131 March 2022. Thè directors of the charity are its trustees for the purpose tsf thatity law. The financial statements havè been prepared in accordance vrth the accounting policies set out in note 1 to the finanaal statements and comply wth the tharitys tgovemirrfJ UMentI. the Compan$ Ad 21106 and "Accounting and Reporting by Charibes". Staterrenl of Rewmnnded Practice applble to chanties preparmg their aco)unts in accordance the Finanual Rep)rting Slandard applicable in the UK and Republic ol Ireland IFRS 1021" leffeth'vè 1 January 20191. Objectives and acttviti•s Thè charitys objects are". l. The prory)tion for the beneffit of the public of urban or ruial regeneration in areas of social d ecvnorn deprivation and in pathculai in Boumernoulh & surrounding areas by all or any of the lolbwng means.. la) The ueabon of training and enwioymènt opportun"e9 by Ihe prOon of workspace, tr4Jik1ings. andlor kind for use on favourabk terrns., Ibl The proviwon of housing for those who are in o)ndioons of need and the improvenI of hotssing in the public sector or in charitable ownership provided that such power shall not exlend to rebeving any ktal authorts$ or other bodies of a statulory duty to prowde or improve hcwJsing-, Icl The wotection or conseryation of Ihe environnrt ar¥J the pnident use of OUrces. 2. To dè¥tkJp thè Capaiity and skn'lls of the wrrnbers of the socity and di5advxntagbJ eornmunty of BouryoUth and Surrounding area in such a way Ihat Ihey are better able to identfy. an(J help meet. their needs and io parncipate rmie fulty in $OGbety. 3. Such charitable purposes for the public benefft as are exdusivety chantable actording to the laws of ErrfJland and Wales as the ttusieès may from time to brre determine. The Trust contM)ues to work towards its overall visK)n to see "3 5U5tsinab Boumemoulh which has IhrivRIg, incJu5ive communrties in whh all groups have a voirz-. The Trust is comffitted to make a lasting and worthwhile difference lo the overall qualty of lrfe in Boumernouth. It will continue to achieve this through partnership working and by generating or raising funds to invest in pr4ects wttich bpnefft th8 most Vulnerab and deprived an¢J those ntst achie¥ing Iheirlull potential. Public benefit The Business Plan is wegulaty reviewed and the board recewed UPLlates on key actmties at each Trustee meeting from the Director. wilh an annual summary of wogress at Ihe end of the year. The prK)ritiÈS and objeth.ves of the Trust a alvjneil wth the charrtable objects of the organisalKJn wthin the FAan lo ensure that all resources are appropriately used. Ml new arKI existing propcts are evaluated againsl the Trust's prioriles. ¢tharible obJ¢cts ¢Jescribed above. The Tnjstèes have compl wrth thwr duty in section 17151 of the Ch&ttes Ad 2011. having due regard lo public beneffit guidan published by ihe Charity COMMISOn.
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aehievements and perfornianeè The Old School House. Boscombè The Development Director has continue(J to on the de1opnl of the c4)mmunity hub. Tho Old SGhool Housè in 8oscornbe, wrth the key airn lo make the buijding 35 carbon neutral as possible wthin the restri¢tK)ns of a Grade 2 listed building. The approval of frjnding from the T(wns Fund Bid. Veolia Environmental Trust and Low Carbon Dorset approved during 2021r22 has enable¢J the fehJrbishnnt to take place. %wth plans to replacè the pr hèating system wth an air source heat purro. the repair and replacement all windows and the addrtion of insulation to all the rooms. Due lo the many reslrictions on buik1ing projecls caused by the pandemic. the p¥Éet was behind schedule, partly due to the high dèmand on building serviS as the restricbons began lo be lifted. Pbnning permission was achieved al the end of the 2021)r21 financial year and the main redevelopttnt work is now scheilule(J to take place before Ihe end of the 2022123 financial year. Wk has been focused on developiwJ the Creati business programme at TOSH. offering spec4alist trainin9 and business SUPPC&rt Èvents and workshops for the ueati¥t tommunty The success of the new slarÈup business support pilot $cheff whih was able to go ahead as an online programme al the 5fart of 2021. was folbwed by Ihe second Start-up programme in autumn 2021. Feedba< from the pikji progwamme, was extremely positNe ancl endorsed by the partscipanls, adIn9 to Ihe sewnd course being heawty oversubscribed. Alongside the Startup course a programme of individual ueats.ve business events has been developed. induding mmthty business support workshops, one-l(pwe mentoring. talks and advic£ sessions. A mtive hub now meets monthly where creative5 can share ideas. discuss their challenges and connect on new opportunitie5. Further outcon$ trom the business programme saw the inryease in uptake ofour stsrt-up desks in the co-work space. As reported In 2020121. followng the rewew of Ihe Trusfs fowrd plan identifred me future potential for the development of the commvnty sp%e at TOSH. substantial progress has teen made to increase usage, bring in partnership projects and rnising fvnds to devdop new wnmLmty prtr3ramme5. In 2021122 thi5 has indu¢Jed.. Youn9 At Heart A tsYear funded project awafded Irom the People's Health Tnjst in parthership with the Dorsel Polish Cen covèring the period August 2020 - Juty 2022. The kwjed pffjwde5 activities for the okder Polish cornrllunity. includin9 English language cksses. informabon Sess$. yoga and exerose dasses and v¢srts to cultural events and farnily activities. Wilh Ihe dOSu ol laolits.es at TOSH, the pfojett went on hokj fof the ffirst 6 months, but an agr¢eNnt with People's Health Trusi approved the exlension of the funding penod untsl the end of 2022 tts all¢)w for all the aclivities io lake place. Seeking Refuge Seeking Refuge devÈloped in partnership BEAF Arts Co Lld cornmend in January 2022 with funding from Dorset Community Foundation. The Vants"ne Trust. the Alice Ellen Cotsper Dean Tfust an¢J 8oum¢rnouth, Christchurch and Poole Council This new community prograrnffe was set up to provide more creative activities for refvgees arid asylum seeker5 in the Bournemouth aa. offering a safe space to meet an¢J an opportunity lo develop new friendships and netsvorks. The woject offers wortshops a5 11 a5 an outreach workshop for f8milie5 in temporary accommodation. Thè Otstsldefs Project Continuing the ffive-year partnefship prc¥ecf fvjnded through Lottery Community Fund, Inrtially planne(J to start in February 2021. bul delayed until September 2021 due lo ihe panderni¢ A lurther colkboration with BEAF Arts Go Ltd, bllowing a suecesslul joint tsid to Lottery Community Fund. The Outwders Project provides a much-needed prograrnn of creative aclNitses in BOSmbe whth suppyts people managing complex heatth issues afy struggling Wth their rnentsl heatth. are in recovery and from wlnÈrable Commun$. WrIng workshops, photography and music workshops are offered each week. A part4irr* Cornmunty Coordinator post has also been funded as part of the fNt-year programrne whh prowdes a tem1 develoFmeTrtsl role to expand our cDmmunty programmes.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Glad5tonÈ Mews The Trusl's 11 Sha CAvner5hw properties continue to offer I1 peop on low WA)mes 65% ovmership of Iheir hornes. umth the opportunity to staircase to a rnaximum of 85%. Most of the resKlÈnts have been in the proterties since they were first buitt in 2014, wilh a few mving on to larger properties as their families have Èxpanded. There are 9. 2-bed properties. 1, >bed property arEd 1. adapted property. The land surrounding the propert$ is in the ownèrship of the Trust which indude the ¢ommunty orchard and alk)tment space. The residents hÈve come together during the year to fvrfher develop Ihese community spe5. supponed by J P Morgan who provided a volunteer leam to help ckar and nuintain thè land. Fuiuie plans are to develop the community orchard so the wider ornmunity can enjoy space as an accessible area and the Twst is in the prO5S of seeking grant support to realise this project. J P Morgan has supw)rtet1 the project to date wth a smll CLInUnity grant of £1,000 tortards the development. Financial review Th¢ Twsl banks wth Charibes AKJ Founda11 ICAFI Bank. The Ttust has an onlHW aetountarw facdty enabling prompt transactions and real-time managemenl. Appropriate security (xjntrols are tts limit Ihe poteThtLal for fraud aThJ ensure that separate intJividuaL8 sn off transactions. The Trust continyes tts bt regardèd as a trusied organwtion vthh 9d govemance arrangtmeftts and suitable structures to manage donabons and other resLwrces in order to improve the INes of peOe in BoumenKJUth. Rowlands Webster re apwinted as the Independent Exawmner in 2019. The Tlustees adopted the following a5 th&"r reseNes pokn31 at their rn1ng cth 8th JLFly 2013.. 'The org8nis81ion wil maintsin a level of reserves suffitient to et the operabng costs of the Olganisation for a period of six months, plus the costs of wndin9 up. redundancy and Wal expenses shoukj such a contingenry arise. This will be allocated from ihe unrestricted reseNes of the ¢hanty and wewed annual.. This policy has not been updated since and theref¢ie remains the polity of the TnJsL RiskAsw8¥ment The Charty has a c¢Y)rehensye risk l$ler and all 'hKJh' and potenbalty inueasing risks are reviewed at board meeb"ngs. th a detsiled annual r*wewwhich takes place in January eath year. Structur•. governance and management ReCate Dorsel Ipreviousty Bournemouth 2026 TTUStI is a charrtable o%nparw limited by guarartee and was incorporated and registered ¥h the Charity cofflmi5s)n in 2012. The ArtQes of Assorialion allow for a mininjm of 6 and a nxximum of 12 Trustees. Chris ThCa$ o)ntinues as Chair and Pam Donndlan as Treasurer. BCP Council's apFx)intee to the Board MaInS as Counalbr Janè Kelly, representing Boscomtse Wesl ward. Counullor Kelly is a voty.ng mernber of the Trustee 8oard. The Trust Undertakes an annual skn'll¥ and diversty audi(. indicales whether or not recruitrrent of trustees is required to address particular skills or dNersty gaps. The Tmst Board is in Ihe prorAss of identifying r Trustees to increase rts diversty and lo extend the &Je fange. The Trust Trs based at Tht School House Boscombe. GLadstone Bostomb•.
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2022 The tnjstees, who are also the direclors for Ihe purpose of MpanY law. and wh) served duiin9 thèyear awKI up to the date of $ignature of the finan1 staierrents le. Angela Po0Y Caron Khan Jane Kel Pamela Donnellan James Cravrford Chri5 Thomas Nonè ofthe tfustees has any benefiryal ¥nteTe51 in the fA)Thwny. All oflhe Iw5tees arè memters oflhe o)mpany and guarantee io conlribute £1 in the event of a wnding up_ Thet es, reprt was appre by the Board of Trustees. Chris Thomas Tru$t¢¢ Date".
RECREATE DORSET INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RECREATE DORSET I report to the tFUStees on nry examinatiort of Ihe fmanaal statements of Reryeale Oorset (the chaityl for the year ended 31 March 2022. R•sponsibilitits and basis of report As th¢ tsu51ees of the tharity land also its directrKs tr the puryKbse5 of ¢)Jmpany law) you are responsible for the preparati) of the financial slatements in ac£ordance wilh the requwements of the Companies Act 20C6 (the 2CKJ6 Having satisfied mysèff that Ihe financial slatements of the tharity are not rwired to be audtt•J under Part 16 01 the 20Cb Act and are eligibk for iThJependent examination, I report respect of my Èxaminatsw of the charity's finanaal statements carried oul under sectK)n 145 of Ihe Charit$ Acl 2011 Ithe 2011 Act). In carrying oul Fry ex?fflination I have fr41t)wed all ihe applicable Direciions given by Ihe Charity Comrni55ton under Section 14515llbl of the 2011 Act. Independent examlnevs statement I have completed rny exarninalion. I confim) that no matters have come 10 ry attention in Connectio with Ihè examination giving cause to be1¥è that in any material fespect". accounting records were not kept in of the charrty as requlred by section 386 of Ihe 2c4J6Act', or the finanaal statements do not atrd wth those records". the financial ststement$ do not comply vAth the accounting requwements of section of the Act other than any requifement that the ar£ounts gTrve a true fair view whth is not a matter conshlered as part of an independent examinatK)n', or the financial statements have not been ppared in accordan witit the rthd5 and princie$ of the Stalement ol Recommendèd P(acti(* for aox)unting and rep)rting by chanb.es applrabbe to chanties preparing th¢ir accounts in accordance with the Financial Repor)'n9 Slandard applKabSe in the UK ar(1 Republic of Ireland IFRS 1021. I have no concem$ and have come across no other matters in CneCtIon wilh the examinabon to lch attention should be drawn in this report In ordei tg enable a proper underslanding of the financial statements to be reached. R•%and$ Webster Limlted CTA FMAAT AThIFellow) Austin House 43 Poole Road 8oum•mouth Dorset BH4 9DN England Dated..
RECREATE DORSET STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restrlcted funds funds 2022 2022 Total Unrestrl¢ted Restricted funds funds 2021 Total 2022 2021 Not•s Donaknons end legacaes Charitable actmties Investments 81,037 34.917 25 81.037 57.582 54.625 14.216 54.625 34,136 22,665 19.920 Total ine4Xnt 115.979 22.665 13B.644 68.SK)1 19.920 88,821 Charitable actiwties 119.683 11.473 131. 10,633 99,617 Net lexpendituTrn¢QMO for the y•arl Net movement In funds 13,9)4) 7.288 120.0831 9.287 (lo,7) Fund balances at l April 2021 134.930 726,186 861.116 155,013 718.899 871.912 Fund balances at 31 March 2022 131.026 n7.37B 868.404 134.930 726.186 861.118 The.statement of ffinancial adivth.es indudes all gains and bsses recognised the year. AJI income and expen¢*iure defNe from ntInU1j acii¥ibes. The ststement of financral achvilies also crynplies the requiret$ for an income 8nd expendilufe acccwnt und¢r the CompanEsAct 20(E.
RECREATE DORSET BALANCE SHEET AS AT31 MARCH 2022 2022 2021 Fixad ass•ts Tangible assets 697.373 707.136 Current ass•ts Oeblors Cash at bank and in hand 10 10.364 194.805 256.9)9 264.974 205.169 Creditot5: amounts falllng wlthln one year 11 193,9431 151.1891 Net current assets 171.031 153.980 Total assets less current Ilaknllties 868.404 861.116 Income funds Restricted lunds unrestn.cted funds 737,378 131,026 726,186 134,930 861.116 The company Is entitkd to the exemption Irom the audrt requwement contsined in section 477 ofthe Compan$ Act 2006, for the year ènded 31 Marth 2022. The direcaors ackrtovledge their reSsY)n&Ithes for comptying wth the requ1MentS of Ihe Compans Act 2006 with r5cl to aceounting record5 and the preparation of ffinancial statements. The members have not quIred the Company to obtain an audit of its fv)anual stateffents forlhe ye¥ in question in accordance sethon 476. These fjnancial ststemenls have been preparEd in awdance wrth lh8 provisi)ns applicable to Mpani5 to thè small ceffip8ns re9ime. Th ancial statements We appr¢)ved ty the Trustees on........... .... ZOL Chris Thomas Trust•• Company reglstratlon number 08107118
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Ateounting poli¢i•s Charoty Information Reueate D¢xst is è private compary lirnited by 9uarante incorporated in England and les. The registered off Is Old School House, Gladslone k4ews, Boscombe. Boumemouth. Dorset, 8H7 6BG. 1.1 Accounting conventlon The ffinanaal statements have teen ppa accordance wih the ¢haritys tgovemin9 dOCunI1, the Companies Act 20C6, FRS 102 'The Finan¢ial Reporting Standard aptyitAble M) the UK and Republic ol Ireland. I"FRS 102.1 and the Charitws SORP -AcccyJnting and Reporting ty Charitie5". Ststement Reccxnmended Prartice apicable to thanties preparing Iheir accounts in accordance wrth the Financial Reporting Stsndard appliG4e in the UK and Republic of Iland IFRS 1021" (effective 1 January 20191. The charty is a Public Benefft Entity as defined ty FRS 102. The charity has taken advaotsge of Ihe pmwsions in the SORP for charitEs not to preparè a SlatenEnt of Cash Flows. The finanoal statements are prepared in sterling. which rs the ftjnclional rrencY of the ¢harTty. Monetary amounts in these finanual statements are rouThJed to the nearest £. The ffinanual 51aternents have been prepareil under the historical cost o)nvention. InK)dird to include Ihe revaluation of freehold properties and to Include investment properttes and certain financial instruments at fatr valuel. The principal counting Oicies adopted are set b. 1.2 Going Concern At the time of approwng the financial stalements. the trustees have a asOnable expectatk)n that the charty has adequate resources to continue in operdtK)nal exBtence for the forèseeable future. Thus the trusiees continu¢ to adopt Ihe going c(XM baw"s of accnb.j in weparing the financaal statements. 1.3 Charilable funds Unrestri¢1erJ fur3 are avaitabk for use at the dIe11)n of Ihe Intstees in furtherance of their charitsble obje¢tNes. Restricted funds are subject to speofic o)ndtbons by donors as they may be used. The purrLsses and uses of the restrictad fUlS are set oul in the rKrtes to financAal statements. Endowment funds are subjed to speofK condrtK)ns by dmy5 Ihat the caprlal musi be maintained by the chanty. 1.4 Income Income is recognised when Ihe ¢hanty is leyaly entthd to tl after any pethance conditions have been met. the amounts can be measured reliably, and it is probable that irKome wll te re1¥e(l. Cash donations are recognised on rereipt. Olhef d1105 are rp((3nised once the dwwity has been notified of the don8tKirt, urtlèss ¢ertom conditions requtre deferral of the amount. IncA)me tax recoverable in relation to donations receNed under GrttAd or deeds of ¢ovenant is reco9nised ai the time of the dtynation. Legacies are recognised on receipt or othenise if the charity has notrfied of an impending distribution. the amount is known. and reipt is expected. tl arTvunt is not known, the legacy is tr¢at¢d as a conkn"ngent assèt. 1.5 Expenditure ExptAses are induded in Ihe finaniial statements as thty become receirdble or due. Expenses indudè VAT vthere AppIable as the ccrfrany cannot redaim IL
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aecounting pollcles IC¢)ntlnu•d} 1.6 Tanglble fixed assets Tangible fixed assets are initialty nasured at CA>St and subsequenty meagjred at cnst or valu#tx)n, net of depreciation and any impairNni knsses. DePoI10n ts recognised so as to write off the cosl orvaluath?n of assets less thelr resbyual values overtheir ¢Jselul lives on the followng bases-. Freelwld land and bLNldings Plant and equiKent Comwters 2% straight line bas 25%-33% straight line basis 25%- 33% str4ht line ba$ The gain or ioss arising on the disposal of an asset Trs ¢Jeterynined as the drfference bets%Een sa procee(Is and the carrying value of Ihe a55et, and is reco9nised in the ststement ot finanaal activibes. 1.7 Impairnient of fixed assets At each reporting end date. the chai7ty rewews the carwrg afrwnts of its tsngible a$5et8 ta determine whether there is any indtiOn that those assets have suffered an Impalmnt loss. If any such indration exists, Ihe CoVerab arTh)unt of the assel 15 estimaied in ordw to deterrnine the ent of the Impairment loss lif anyl. 1.8 Cash artd cash equlvalents Cash and cash equlvants indude cash in haThJ. deposrts held at call wrth banks, other short-terrn liquid imièstments ¥h original maturilles of three nKJnths or less. and bank overtjrdfts. Baiik ovardrafts are shown wrfIMn bCroWingS current liat41iti•s. 1.9 Flnanclal Instruments The charty has elected to appty the provisions of Section 11 '8asic Finantsal Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 10 all of ils nanUal instruments. Financial inslruments a recognised in the chantys balance sheet tthen the charity bMeS paty lo ltte )Thtradual provisions of Ihe inslrument Financial assets an¢J liabilit*s a offseL wrth Ihe nel amint5 plented in the ffinanGial statements. when the 15 a teg81ty enforceable right to set off the cOgnIsed awunts and there is an intentiofi to settle on a net basis or to realise the asset and Settle the liatslty s1rrxJttanÈous. Basic financialassets Basic financial assets. which include f1eblors and cash and bank tjalances, are initialty meaSUd a transaction pnce Including transaction costs and are subsequentty carried 8t amortised cosi usrng the effective interèst mathod unlèss the arrangement consb"lules a finarong transacb"on, where the transaction is measured at the present valtse ol the fvtUTe rlPt5 discountsd at a markel rate of tnterest. FinanGial assets dassthèd as reetNab vAthin one year a not amorbsed. 10-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR fHE YEAR ENDED 31 MARCH 2022 Accountlng policies {Cob)tlnuedl Basic financial liath.lilies Basic financial liabilities. induding credrtors an(J bank klans a initolty recogni5ed at transaclKJn price unless the arrangement cOntleS a ndm9 transadM)n. where the debt instwment is measured at the present value of the future payments discounted at a markel ratè of interest. Finanoal liabilib.es ci9ssified as payable wthin one year are not afftjrtised. Debt instruffents are subsequentty ¢xrie(1818rwtised cost. Ihtr effedive interest rate mèthod. Trade (yedrtors are obligaty'ons to pay for goods or services that have been acquired in ttte ordinary course of operations from suptyiers. Amunts payab]e are dassrfe(J as current liabilibes if paymenl is due wthin one year or less. If not, they are presented as non-current IkHtylities. Tradt ¢dItorS are recognised initsally at transaction prKe and subsequently measured at arr"Se o)st using the effedive interest nElho(. D•recognitlon of financial liabiliti•s Finanaa1 liabilrties are derecoynised whn Ihe tanty's contracival obhgatKJns expire or are discharged or cancelle<l. ctiCal a¢countSng estimatès and judgèm•t)ts In the application ofthe caWs aCcnts.ng polws. the tfustees a requwed to make judgements. estimales a1 assumptions about the carying amouni of assets and Ik3bilrts that are not ieadity apparent from other vrces. The e5bmales and assooated assurnptyons are based on listorical experien and olher factors Ihat are considered to be relevant. A(*ual sultS may dtffei Irom these esb"mates. The esb"mates and undertying assufflpb.ons are revEwed on an ongoing basis. Revisions to accounting estimatès are cOgnised in the penod in whh the esb.mate is revised vthere thè VIS)n affects that period. or in the pe of the revrsion antJ futu periods Whe the revisKTrn affects both ojrrenl and future peri¢)ds. Charitable activilies Chariiabbè Charltable Income Income 2021 2022 Sak5 wlhin charitsble actNrfies 57,582 34,136 Analysis ty fund Unrestricted fvnds Reslricted funds 34.917 22.e65 14,216 19,920 57,562 34,136 11
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Donatron$ and legacfiès Unrestslcted UnrestrKted funds funds 2022 2021 Grants received and released 81,037 54.625 Imiestments Unrestrlcted UnreStrted lunds lunds 2022 2021 Interest eo4 25 Charjtable acllvltjes charitab Charitable Expènditurè Expènditure 2022 2021 Depre0atn Charitable expendrfLKe 9,763 121.593 9.763 89.854 131.356 99.617 131,356 99,617 Analysi$ by fvnd Unre5trirted fvnds Re$trithed tsnds 119,883 11,473 86,984 10,633 131.356 99.617 Trustees None of the tnjstees lor any ptrrsons connecled thernl received ary remuneration OT beneffits from Ihe charity during the year. 12-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees The average monthty nunthr ofemployees during thè yeai was.. 2022 Number 2021 Numbèr Administrative stsff There were no empwees whose annual remunerathon was rTh)re than £60.IYXJ. Tangits fix assets Frwhold land Iwlldinys avKI Comput•rs Tolal Cost At 1 Apth 2021 766. 6.225 4,339 779.532 At 31 March 2022 6.225 4,339 779.532 Depreciation ond impairmènt At 1 April 2021 Deprtciation ¢harged the year 61.832 6.225 4.339 72.396 9,763 At 31 March 2022 71,595 6.225 4.339 82,159 Carrying amount At 31 March 2022 697.373 697.373 At 31 March 2021 707.136 707.136 10 Debtors 2022 2021 Amounts falllng due withln one year. Trade debtors Other debtors Ppayrnents and acuued incoff 5.983 1.085 997 9,203 1,161 10,364 13-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Creditors: amounts falling due wllhln one year 2022 2021 otherlaxati and sockql sewrity DÈfèrrÈd intome Payments receNed on account Trnde crèditors Othèr crédito AcGrual$ and ¢JefeThed incorT 1,638 80,344 1,707 5,936 12 41.688 6.041 4.313 3,427 93.943 51,189 12 Deferred Income 2022 2021 Other deferred 4)comè 41.688 Deferred income indudÈd in Ihe finantsal slaterrents as folryws: 2022 Deferred incomt is included withtn.. Current liaknlili95 Movements in the year Deferred income at 1 April 2021 Resouices deferred sn ihe year 41.688 38.656 Deferred inctsmt at 31 Marth 2022 80,344 13 Analysis of net assets tse1en fund¥ Unrestrlcted Restricted funds lunds 2022 2022 Totsl unre$iCted fund$ 2021 Restricted fvnd$ 2021 To 2022 2021 Fund balances * 31 March 2022 are represented by". Tangiblè assèts Current aSset¥JlliabIesI 697,373 40,C¢J5 697.373 171,031 707,136 19,050 707,136 153,980 131.026 134,930 131.026 737,378 868,404 134,930 726.186 861,116 14-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Related party th3nsactSons There were no disdos?Ile reloled paity transaclions during the year {2021- )ne). 15-