Charlty reglstratlon number 1149697 Company rng15tratl1 nurnr QB107118 IEngl•nd and Wale5}. RECREATE DORSET ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS , FOR THE YEAR ENDED 31 MARCH 2023 'ACG85EQ9- 1411112023 COMPANIES HCJJSE 111
RECREATE DORSET LEGAL AND ADMINISTRATIVE INFORMATION Trustaes ' Angda Pooley Caron Khan Jane Kdty Pamela Donnelknn Chris Thomas Ch•rlty Trumber 1149697 Cofflpany numb•r 08107118 Registéred.offi¢e Old Sdts)l H¢Me Gladstone M8WS BH7 6BG Independent Examiner Austin Hcwse 43 Ple Road t)orset England BH4 9DN
RECREATE DORSET CONTENTS Chairnwn's Statent Trustees, repc¥t Indepgndenl examinerfs rewl Statsment offinancial athibes ' Balance Sheet Notes to the financial statements 10-16
RECREATE DORSET CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 Following the ¢)ngoing impact of the parKlemic 2021. the work of the Tntst in the 2022123 year has been focused on the developments al our eommunrty hub. TOSH. rfhe Old Schcd Hjse). the expansion of our business and communty prcgrammès. as well as the management of Gladstone Mews and the developrrnt of Ihe land.. surrounding the hub and share-ownership prcyerties. The o)ncem in the afternth of the paThJeM, was the likely return lo pre-COVID business. and thè time it would take to buihd up engagement with the ojmmunty again after Ihe tsmporary c105ure of all our operatK>ns during the pandemic. The ojmmunty hub only managed to reopen in late 2021 wth a slow relum of th8 creative businesses to Ihe co-vth space and a steady build-up of hi5 of our o)mmunty spaces. Many of our communty Pr3ramMe$ had been al8 ¢0 continu8 Onli during the pandemic. but our regular groups were pleased to be able to retum to meeting in real life. This has helped to re-establi5h our ¢))nnections with our local (>Jmmunty again, with our ful prc4rnmme acxssible a(vibes wovKlod for our larget groups. Just prior lo the pandemic, the Trusl had put plans in place for a relaunch and rebrand of TOSH folk)wing the restructure of the Tnjst and the completion of the work managing the fund and the end of the local authority invdvement In the hub. The refvrbish.ment of the Spa had taken al the start of 2020, $0 all work for the reL4unch had to w on hold because of the pandemic. Fortunately. the opening of the hub in 2021 saw a very positive o(rtcome, wlth a real uptske of our ueative wort spaces. as well as many new community programmes getting underway, bringing new visitors and workshop and (1)ue participants into the building. The ongoing development of the hires for th& communty spaces has a&0 continued to devek)p with many clients retuming and repeat bwkings estsblished. The continued Su(X of applications to Trusts and Foundabons has also had an important influence on the sgltirvj up and gro¥Ah of our Mmnty progrdmmes and the development of our bu5ine5S SUPPQrt activities. The Trust has continued to operate with 2 part-twne staff. the and the Marketing and Development Coordinator. In Juty 2022. the Marketing and Development CLvdirwtor slarted her matemty aVe. and a temporary matemlty cover post was appointed. The staff ère supFx)rted by arunnI, &mon RoWe who has eontinued to Provide finanryal a(fvi and prepare the quarterty management and annual aco)unts. AdditKJnally. due to success of our furKlrai8ing actiwties the Trust has been ab to appoint additional freelAn contracts. including our S-year Communty Coordinator for our Cmnty progfammes and a 2-year Community Garden Co)rdirthr for'lhe new community garden project. The Trust abo provths empbyment for a iarge number of workslK)p leadets. and has programmes in place to support traineeships as.well as opporbjnths for volunteers and student pbacements. The final contracl for the thkstsrter posts ended in May 2022. wth the stheme pfovxliTrJ empwt opportunibe5 for S young people, who have now all gone on to full empwnent in the local area. The Trust has concentrated tts key activrties on SUpling two of the aims set out in the Memorandum and Artides.. 1} The creation of training and empkjyment OPFthinities by the prows)n of workspace. buihdings, andlor Land for use on favourable temis,, and 21 lo develop the capaaty and sknlEs of the membw5 of the socially and e(nOmicallY disadvantaged communty of Boumemouth arKI surrcyJnding area in such a way that they are better abje to identsty, and help meet. their needs and to Partiapate more fully in soaety. (see detailed reFQrt bebwl. The Trusys main activity is lIlY 0)nCw in Boscone. ¥thith the management of The Okl Sclvjol House a5 the communlty arKI co-work hub and the management of the 11 share ownership properties in Gladstrffje Mews. BCP Council continues to offer management selv1 to g)Ilect ronts arKI Servi ¢harges from the residents in the propert'es. Chalrnian
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Injstees present their reFQrt and finantial statements for thg year eThJ4d 31 Marth 20Y3. The directo of the charity are its truslees for the purpose of charity law. The financi815Lments have been prepared in accordance with the actxjunting poliues set out in note 2 to Ihe financial statemfjnts arKI o)mply with the tharitys tg¢)veming d0mentI. th8 Companies Ad 20C6 and 'ACUntIng and Reporting by Charitses: Ststemenl of Recommended Practu apPlUb to CharItS preparing their accounts in accordance with the Financk41 Reporting Stsndard appIlb]e in the UK and Repubti¢ of Ir8land IFRS 102)" (effective 1 January 2019). Objectlves and acliviti•$ The charitys obiecls are.. 1. The promotion for the benefft of the publrc of uthn or rural regener8trn in areas of social and eciNMI¢ deprivation and in partitJJtar In 8oumemcAAh & rr(xdin9 areas by all cf any of th8 foltomng means.. {01 The ueation of tr8ining and thnploymerrt ¢WlUne$ by the of Wk8paCt. buildirys, arwJor land for use on favourable lems: (bl The provision of housing for those who are in Ca)ndilions of need and the improvement of housing in the public sector or in charitsble ownership prowded that such Frt)wer shall rnl extend to reliemng any local authoritses or other bodies of a statutory duty lo provKle improve trx)usiry; (cl The protection or 0)nsep4aln ofthe enrOnment and the prLtht w of resources,. 2. To dgvelop the capadty and thlls of the members of Ihe Sfxiauy arKI ec{Jrni¢01ty disathntaged comrNnty of BournemoLrth antl surroiJndiNJ area in such a way that Ihey arn better able trj Ilentity. arKI help meet." their needs and to patbapale more fulty in s(x*ty. 3. Such charitable purposes for the public benefft as a exdusivety charilable according lo the laws of England and Wales as the trustees may from time to time detèmiine. The Trust contrnues to work towards its emrall visK to see -a sustainable 8oumamuth wthlch has thrlving. inclusive cfjmmunibes in which all groups have a voice.. The Trust is commrtted to make a lasting and worthwhile drfference to the overall quality of lrfe in BournerTryJth. It will o)ntinue to achieve this through partrtership working and by generating or raising funds to invest in projects which benefit the most vulnerable and deprived and those not achieving theirlull potential. Publlc beneflt The Business Plan i¥ regulady MvieEd and the board receNed updatss on kgy adNities at each Trustee meeting from the Director. with an annual summary of progress at the end of the year. The PorItIeS and obi8Ctives of the Trnst ar8 alyBd the dwrilable obi8Lts oftho organisabon wthln the plan to ensure that all Tesourcos are appropriatsly used. PJI ngw and existiry projects are evaluated aganst the Trusvs priorities. charitable objects descrited above. The TTU51ees have complied wrth their duty in section 17(5) of the Charilies Ad 2011. having du8 rega to public benefit guidance published by the Charity Commission.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achlevemeftts and wformanc• The Old School Hous¢, BOSnb• TOSH provides a much-needed acxxsible Ixmmunty space in an area of multiple deEffivatsn. Ak931de tho hub space the Trust also provides 11 share ownership propertss for kvl people on Icm incom8$, a5 well as developing communty garden and allotment. all open to our local o)mmunity to use. Each year the Trusvs engagement programme supports l,LI.$ of beal peo from Ihe many drverse cx)mmunits based in Bosg)mbe who come to TOSH to attend workshops. events. lar¥Juage dasses. exercÉse dasses, one-to-one support and advisory sessions. The prtrjramme alg) offers gnE4)Stir1J to help people access other suppcrt and resourcos in tho area. The priority for support focuses on working ¥th people IA recA)very. those strLwJgling with wr health, the elderty and young families on Enr. and refLWS and asylum seekers. TOSH was originalty part of a fomer education centre, which remained derelict and Unoccupi for many years. The building was gjfted to the knal communty as a pLqce of MIng by the famity of the poet Percy Shelley and formed one of the first putAic schools ¢)pened in the country. Set up as the Boso)mbe Bfitlsh and Forelgn Sch1 It carried oul the work irf a young Quaker named Joseph Lancaster who fcwnded his first schoot in Southwark In 1798. The sthool was set up to prowde edLan for 'the indLvtslrious classes,. As the school movtsl to larger wemises, the bulldlng becamè the awar&winning Bwmemouth Drama Centre. wher6 fomr pupils kncluded chOlmsta1 and broadcaster. GarBth Malone and faShn deswJn8r Graham Fr&s8r. Ajthough a large part of the original buildiryj was demolished, in 2014 through a partnership with Boumemouth Council arKI SUprted by EU funding, the Trust saved the remaining grade listed building. and built 11 share owneJ5hip properties for local people on low incomes on the same site along with a ¢mmunty garden arxl allotsnent. It therefo has a Sncent cultural and historical pL4ce lo play wthin the idenbty of 8050)mbe and its architeGtrral hentaye sknry. Bulldlng Prol•ct The Director has continued lo the propxaLs to inprove arml up3rade our central resource. The Old Sch)ol House. The key outcome is lo reduce our 1xrtn fo)tprint as muth as is F¥xwble hthIn the restrict)ns of a Grade 2 1Ssted building arKI provide a buildirvJ that is rrmye fft for purpose lor its Gurrent use as a community and creative hub. The delay in the project caused by the backlog in the plannirJ department and the delays in signing off of the grants has meant the 2022123 year has seen a parbal rjynplelion of the proposed building worts. The installat of rV ,windows. and secondary glazing has ljeen completed bLrt the instsll of the heating system and insulaknn is still awaiting approval by the cOnseNati OffKr. Busln•s8 and Communbty Programmo Alongside the communty programme, part of the buitdwbg set up to prov8 spaces for irvjepgndent small creatNe businesses. providing 24tT cxeative hub space wrth a range of packages for easy set up and fieXIb access. including hot desknng, indivKJual 'pK1s,' stsrt~up desk space and shared workspaces. In 2021 Ihe Trust launched its programrne of business supFort for creatives induding the Start-up Business Scheme developed in partn8rship with Arts Unrvetsity Boumemouth and local bune$S support agency, Outset. The purpose of the stsrt-up business scheme is to provtde a direct link to the stsrt-up desk spaces. offering subsidised wykspacw for 6 I)nthS on mp181ion of course, aTrJ redUd nminthty rates a lurther t4KJ 81$. Throughout 2022123 the team h8s foujsed on devebping the ceative business programme at TOSH, expanding the offer of specialist training and business support events and woJshops for the creative communty. The success of the stsrt-up busine55 5UPPOrt programme has seen this developing as a twice-yearty course. Alongside the Start- up course a programme of indivJLtal crealive business events has been devehjped, induding monthly business support workshops. one-twne mentoring. lalks and ad sessions. A monthty creative hub was piloted in 2022 aryj is now a regular part of the programme of supwrt, providing a spac4 vjhere creatives can meet to share ideas, discuss their thallenges and fJ)nnect on rkw opportunities. Further tC{)meS from the business programme saw the increase in uptake of our stsrt-up desks in the sxwAY>rk spa. Following thé review of the TO$ fcrfward plan Klenbr thts lulure potential for tho developmént of the mmunity Space at TOSH, substantial progress has been made to increase wge, bring in partnership proiects and raising funds lo develop new ts)mmunrty progrdmmes.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Gladstone PAWS The Trusfs 11 Sha ¢)wnership proFerties ts)nlinue to offer tocal wpte M k)w incomes 65% 0ership of their homes. wth the opportunity to staircse to a maximum of 85%. Mosl of the resKlents have been in the prop&e$ since Ihoy were first buitt in 2014, with a few moNryng on to larger properties as their families havo expanded. There are 9, 2-bed properties. 1. &bed propety and 1, adapted property. Surrounding the properties is in the ownehlP of the Trust which indudes the communty orchard and albtment space. Develowents in tho last year has seen the residenls managirwJ the alh)tment space following a rnmplete elw¢8 by a volunteer team from J P Morgan. The restdents have also contributed to the designs for the new community g8rden at the front ofthe and taken part in the monthly wth the Lxmnmunty garden coordinator. PARTNERSHIP PROJECTS We are now running 5 community programmes, all funded irKlependenty from grants from Tnjsts and Foundations so we can provaje free workshops and other adivitses for different community group5. Communlty Garden Funded by People's Health Trust Confirmation of fvnding was approved in August 2022 for a 2-year programme whth Indudes the appointment of a freelance Community Coordinator. a speaalist garden adw.ser and 4btJrkshop leaders who wll deliver a programme of activities to brlng together local reshlents. volunteers, the libTrry gardenirKJ group. tocal schools and the wder communty. The Community Coordinator vras apFK)inted in Decmtr 2022 and has organised a serigs of vrkshopS lo bring the local communty together to pinty plan the new communty garden space. A site plan has been prepared and building work 15 tsking place over the next year to C4Mpte tr garden. with tree planting, fumlture, brick paths and seating areas to be added to the space at the front of the 0t. This project has also supported our asylum seeker and relugee groups. vtho have b8en involved In the planning and bulld of the garden and who will be WO alongsmle the w•Jer o)mmunty to Cle the gan. Young at Heart Funded by People's Hulth Trust A fvuFyear funded project awarded from the PeoFAe's Health Trust in paTtsr5hip wrth the Dorsel Pcjish C8ntre covering the period August 2020 - Juty 2022. The project provided 8etivils for the okler Polish MmunIty. including English laThJuage dasses. infomabon sess)ns. ycsa and exercase dasses and visits to curtural events and family 8divib"es. With the dosure of faciltrs * TOSH in 2020 due to the COVID parKlemic, the projeL# wenl on hokd for the first 6 months, but an agreement wilh People's Health Trust approv&J the extension of the funding pericxj until the end of 2022 to allow for all the aCt}lIeS to take place. The Polish community remain as a regular user group of TOSH and ¢))ntsnue to meet in the space for their family events and meet ups of the elderfy group. Sgeklng Refu The Seeking Refuge project (>)mfflenced in January 2022 ryth furxling fTDm Dorset Communty Foundation, Tho Valentyne Trust. the All Ellen Cooper 08an Trust and Boumemouth, Chiistchurch and Ple Council. This new communty programme was set up to prwde more stimuLgting and ereatNe aCtiti.e$ for refi88S and asylum seekers in the Boumemouth area, offering 8 safe space to meet and an opportunty to deNOp new friendships and netsvorks. The proiecl offers weekly wthshops as V•ll as an outreach w(Ktshop for familbes in temporary accommodation. Tho groups have eijntinued to expand over the year 1h a well-attended women's group. Thursday Threads, a mèn's backgammon dub. filin nKJhts and a project supporting young un8c£ompanied asylum seekers organised in collaboration with 8oumemouth and POO College. The women's group has been working towards creating a large u)mmunal athrk. Un9 a photc*Jraphic technique, cyaTr)typ8. using light sensibve fabri whith.when exposed lo the sun creates the image. .The artwork Combines over 100 drfrerent images, which have been stilched logelhef to create a 18ryJe wall han9ing whith ts to be ethibited al the BEAF Arts Co arts festival in Jurte 2023. Other arhyorks have been prcrtyuced and the textiles group are now working towards devebping a range of products to sell online and al the South Coast Makers Mark8t. wrfh tho fuTrJs raisod goiry back into the project." heln9 to increase the actbvitM and part10p invofved.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Outsidern Project Our partnership wth BEAF Arts Co is no4V in its second )tar of the fNewear funding agreement fr(Mn Lottery Community Fund for our whler ccrfnmunity progrnmme and spearallY supForting The Outsiders Project. The Outsiders Project has b8en operating from TOSH sinc 2019. and prOdeS a muth-n88ded programme of creative activities in 80sC47mbe to $upFort vulnerable Peo managing complex heath issues and Stngling wtth their mental health. or are in recxjvery from drug or alcohd alme. The programme provKles weekly w0shopS in reatfve writing which has now exparKled to indude photography and music workshops. Three groups njn each ek over 40 weeks of the year. A part-time Communty C(vdinotor post is fvnded as part of the fve-year programm8 which also provides a kjng-lem) developmental role to expand all of our c¥Mnmunity programmes. The Old School Brunch Monday Sesslons Funds from the Winter Crisis gr8nt has alNd us to set up a ¥mkty dwln prrmjramme for k)cal people living in Boscombe. This has been very successful in cpening the dfyys of TOSH to tr immedots community who live in walking distsnce and who have been struggling vrith heating bilks and b8nn9 their irwme, partiLxJlarfy during the cold winter months. The TOSH BnJnc projec offets the part1pants a plaLX lo meet orKI take part in act1w1 and to enjoy a hol meal. This pro3ramme tskes place every Monday and our bcal restdents to use TOSH as comfortable plaee to rneet others. Activibes include gentle exercise. craft workshops. as well as help wilh basic Snformation on tath and wellbewwJ. signposb'ng arKI advisory sessJns. External Partner5 for Communlty Programmès The Trust continues to develop partners vtho use thg farAliiies at TOSH for their cwm or shared progrnmmos. In the 2022123 year this has included programmes delivered by Shelter. the Hampton Trust. Untspped Art . Psychotherapy, MBN Arts Creative Arts Atemative Provkder. SWRAC. South West Regional Asse55ment Centre Iraining for young peoe. BEAF Arts Co. and the Inara proje( Financlal revigw The Trust banks with Charilies Foundatth (CAFI Bank. Tr TnJst has an M11r a(xx)untsncy fac11 enabling prompt transactions and real-bmg managemenL Appropriate secity controls are in place to limit th8 potential for fraud and ensure that two separate indNiduals sign off IrCtions. The Trust ntinueS to be regarded as a trusted ¢)rganisalion vrith go(xJ govemance arrangements and suilable slrudures lo manage donations and other res(yJrces in order to improve the lives of pecyb in Boumemouth. Rowlands Webster ¢¢ylnu8 as Ihe Tru81th1ependent Examirw. first appoinled in 2019. Resorves Policy The Trustees adoptsd the foll as their reseNes Fdiry.at trjeir meeting on 8th July 2013: 'The organlsalkln will maintain a level of reserves gJffic4eftt to meet the operating ctsts of the organisation for 8 period of six months, plus the costs of wnding up, urKIancY and legal expenses shJk1 such a conkn"ngency arise. This wll be allc¢ated from the unrestricted reser¥es of the charity and wll be reV¥&j annualty.. This has not been updated since and thernfore remains the poky of the Tn Risk Assessment The Charty has a comprehensive tsk registerand all'high. and Inalty Th?n9 risks a rev$evd at b)ard rneetlngs. a detailed annual YevBw v&tKh takes place in January each year.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structur•. govemance and management Recreats Dorset (previously Bournemouth 2026 Trust} is a dwritable company mIt8d by guarantee and wa5 . incorporale(l and registered th the Charity CommiSn wi 2012. The Articles of Assoclation allch¥ for a minimum of 6 arKI a maximum of 12 Trustees. Chris TIrna$ cJJntinues as Chair and Pam Donnellan as Treasurer. BCP Counril's apintee to the Board remains as CoLtnciUor jar K811y. presenting Boscombe West ward. Councilbr Kelty is a voting member of the Twslee Boar¢l. The Tnjst undertakes an annual sknlb and audc irle4t8$ whether or nol reClIment of trustees is required lo address particular skills or diversty gaps. Thg 808 is In the Pr¢$8 of idenlfying ngw Truslegs to increase its I*vety and to extend the age range. .The Twsl 15 based at The Old SCI1 House Bos(xJmbe. Gladstone Kkn5. BoscA)mbe. The trustees, who are also the directors for the pur[ of ccthpany law. and w4ed durirwj the year and up to the date of signature of the financial slaternents were.. Angela Pooley Caron Khan Jane Kelty Pamela Donnollan James Cr8%rford Chris Thomas (Resignèj 28 November 2022) None of the trustees has any benefidal interest in the company. Al of the trustee5 are memr5 of the rnpany and guarantse to contribule £1 in the event of a winding up. Thet es. rewt was apwoved by the Board ofTrustees. Chris Thoma5 Trustse Date: 3£>1.:-121
RECREATE DORSET STATEMENT OF FINANCIALACTMTIES INCLUDING INCOMEAND EXPENDrruREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unr•stsl¢ted Reslricted funds Totsl Unrestrlcted Restricted funds . 2022 2023 2022 2022 Incom from: Donations and legaaes Charotable athvlties Investments 20,823 32,808 1.235 44.987 23.946 65,810 56,754 1.235 81,037 34,917 81,037 57.$82 25 22.665 Total incomo 68.933 123.799 115.979 22,665 138,644 enditure on: Charitable activrties 69.277 127.765 119.883 11.473 131.356 Nel (exndItureVinCQrn• for the yearl rnov•m•nt In fvnds {14,411) 10.445 (3,966) {3,gX) 11.192 7.288 Fund,balars al 1 Apdl 2022 131,026 737.378 134,930 726.186 861,116 Fund balances at 31 Ilarch 2023 116.615 747,823 864.438 131.026 737.378 868.404 The statement offinan¢ial aclTriiUes indudes aN gar6 ar•J k>sses rwnised in the year. l income arKI expenditure dèrfrrfe from conbnuiThJ adivlbes. The ststemenl of fwFanaal acti¥itses also Compl the requirements for an income and expenditure acts)unt under the Companies Act 2006.
RECREATE DORSET INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RECREATE DORSET I report lo the trustees on my examlnation d the financial Statem of Rewte Dorset charity) for the year ' erKled 31 Marth 2023. ResponsibIlle$ and basis of v•port As the trustees of the chanty land also ils dire(kns for thè rAKPOS8S of wnpary law) you are resnSibl for Ihg preparalim of the ffinancral stements in ac£LYdarTh Vith the requirerts of thB Cryanie5 Act 2006 (the 21))6 Act). Having salisfRd rnyse that the financial statements of the chanty are not required to be audited under Part 16 of the 2006 Act and are eligit4e for independent examinatM)n, I wort in respect of my examinatK)n of tho charity's financial stslem8nts carried out under sedion 145 of the Chariiies Act 2011 (the 2011 Act). In carying out my examinatvjn I have followed all the ap1¢able Diredions by the Charity Ccffimiswn under selaion 14515)Ib} of the 2011 Act Independont examinerfs statgm¢nt I have completed my examination. I nfim7 that no matters haN to my attention in nneCtiOn th lh8 examlnation giving me cause to believe that in any material respect: accounting records were rK>t kept in PecI of the charity as requlred by section 386 of the 21J)6 Act,. or the financral stslements do not acc(xd vnth thc68 recuds,. or the financial stslements do not o)mpty with the accounting r8quirements of 5edion 396 of the 2006 Act otrr than any requ1ment that the accounts give a true and fair wew whith i8 not a matter c£Jnsidered a5 Part of an independent examinakn"on- or the finanaal statements have b8en prepared in accfjrdan viti the metluls and principles of the Statement of Recommended Praclice for aUnting and retKryrting by Charities app1¥ble to charitie8 preparing their accounts in acu)rdance with the Financid RemirwJ Standard applicable in thg UK and . Republlc of IrelaTrJ {FRS 102)- I have no concerns arKI have come across no other matters in ctffjnection with the examination to which attenth?n should be drawn in this rewrt in order to enable a prcper undetstsnding of the finaroal slalerr*nts lo be reached. RowlandB Wobstor Llmlted CTA FIMAT ATTIFollow) Austin House 43 Poole Road Boumemouth Dorset 8H4 9DN England ,,/,,[zoz5
RECREATE DORSET BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Flxed assets Tangible assets 10 689.070 697,373 Current assets Debtors Cash at bank and In hand 11 9.036 329.819 256, 264.974 Credltors: amounts falling due wlthln on• year 12 (163,4871 {93.943) Net current assets 175.368 171,031 Totsl assets less current liabilill•s 864,438 868,404 "Incom8 funds Restricted fvnds UnrestriLed funds 747,823 116,615 737,378 131,026 864,438 868,404 The eompany is gntiJed to the exemptron from the audrt Uirement eontsined in se¢lton 477 of the Companies Act ' 2¢J06. for the year ended 31 March 2023. The directors acknowledge their responsibilities for c4Nnplying the wuirements of the Compan5 Acl 2006 th respect to attounting records and the Preparat offinancaal statefflts. The members have nol required the c4)mpany to obtain an 8udft of Sts finanoal statements for the year in questr)n in aGGordance with secion 476. These financkal ststements have teen prepad in"acc¥)rdarTh ilh the pruKKirs aptyAcable to cg)mpanies subject to the small mpanIeS wime. The nc4al sL*ements were approved by ts Twstees ......................... Chds Thomas Trustee Company reglslrat40n Thumr 08107118 .
RECREATE DORSET BALANCE SHEET {CONTINUED) ASAT 31 MARCH 2023 crftlcal accountkng estlmatss and Judgoments In the appltion of the tharitys accounting Foll¢$. th8 tnte¢S are required to make judgements. estimates and assumptions about the carying amount of assets and liabilrties that are readily apparent from other sources. The estimates and assoaated assumptK?ns are based on h1sti1 exwieru and other factots that are c4Jnsidered lo be relevant A¢aual results may differlmm these estimates. The estimates and'undetying assumptions are revie*d on an on91ng basis. Revisions to accounting estimates are recg>gnised in the per in vthich the eslimats is revised where the revision affects only that period. or Sn the peric•J of the I]n and fvre periods re rev75K affts both current artd future Ac¢ountlng pollcles . Charlty InfOrM1)n Recreate Dotset i¥ a mte o)mpany limited by guarantee incorp)rated in England and Wales. The regislered office is Okl School House, Gladstone 8oscx>mte. 8oum8mouth, t)orset, 8H7 68G. 2.1 . A¢¢ounting conv•n¢lon The financial stslements have been prépared in acc4Jrdance with Ihe charftys tgovemlng documentl, the CL¥npans Act 2006. FRS 102 Yhe Financial Rertir8 StarKlard applble in the UK and Republic of Ireland" I"FRS 10f) and the Charibes SORP -Accounting and ReForbng by Chariti8s: Ststement of Recommended Practice applicable to chanb"e5 preparing their accounts in ac(¥)rdan with the Financial Repgrbng Standard applicable in the UK Republic of Ireland (FRS 1021. {effeth¥e 1 January 2019). Tha charity is a Public Benefrt Enty as defined by FRS 102. The charity has taken advatsge of the pmwsiorts in the SORP for dwrittes rKrt to prepare.a Ststement of Cash Flows. .The financial sLments are prepared in sterling. which is Ihe functional txrrency of the charity. Monetsry amounts In th finanaal statements are rounded to the nearest £. The financial stslements have been prepared undfjr the historKal (¥Jst tjjnvention. The princ4pal acCnting p)liues adopted are set out bek)w. 22 Golng ¢oncern At the time of approving the finanrial ststements, the trustees have a r•a¥4)nab expectstion that the thaiity has adequate resources to continue in operational existence for Ihe foreseeable ftrture. Thus the trtee$ conlinue to adopt Ihg going conc8m b8sÈs of accounting in preparing the finanryal statsments. 2.3 Charitabl• fund$ Unfeslridad fvnd5 are available for use al discrel#)n of the trustees in furtheran¢e of their charitsble objectives. Restricted funds are subiecl to Spefic corKlitnS by donors as to Ihey may be used. The purposes and uses of the restricted funds are set ¢yA in the notes to the finanual statements. Endowment funds are subje(a to speclfic fAilI10n8 by doThJr5 that the eapltal must be rr49intsined by the charity. 2.4 Income Income is Teccgnised when thg dnty is legally ontitled to il after any performm ¢111]0n8 havg been met, the amounts cah be fEwsured reliaw. and it is probabkn that inc(wne will be red. io-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢cowitlng polici {Contlnued) Cash donations are recognised on receipt. Other donations are recognised once the charity has'boen rntified of the donatk)n. unless performan condthns require deferral of the amount. Income tsx recoverable in relation to donatn5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Lagaci8s are r8Gogni$8d on rKwpt or olheTh¥ise if dprity has been notified of an imperKling dlstribulion. thè amount is known, and recoipl is expe(#ed. If the arrK)unt is Njt known, the a¢Y Is treated as a conlingenl asset. 2.5 Expendlturo Expenses are indud8d in the financaal Statem as they become reeivatrAe or due. EXperS indude VAT where aFylicth as the cimnpary nn0t redaim it. 2.6 Tanglble flxed assets Tangib flxed assets are initialfy rneasud at c4Jst and subsequenty meawred at cost ¢y ValLtIOn. net of deprea81m and any impairment losses. Depreciotion is recognised so as to wite off the e4)st or valualK)n of assets b8ss reskJal values over their usoful lives on the following bases: Freehold land and buildiros Plant and equipment Computers 2% straight line basts 2533% straight line basi$ 25%- 33% straight line basis The gain or loss arising on Ihe disposal of an asset is detemined as drfference tetween the sale proceeds arKI the carrying value of asset and is rec(Jnised in the statement of finanual aclNities. 2.7 Impalrnient of fixed assets Al exh reporbng end date. ts tharity reviw4VS the carryfftg amwnts of its tangible assets to detemin8 whether th8re is ary indicatKJn that those assets have suffered an impairnerrt k)s$. If any suth indication exists. the recoverable amount ol the asset is estimed in order to detennine the extent of the Impalment loss lrfany). 2.8 Cash and cash equlvalei Cash and eash equivalents indude eash in nd. depts hekl at call with banks. other short-lerm INuid investments th orfginal maturities of three montts or less. and bank ovethfts. Bank overdrafts are strK)wn within borri)wings in currènt li8bilitss. 2.9 Financlal Instruments Charity has elgcted trJ 8ppty the provis$ of Sectw)n 11 '8asic Financaal Instruments, atKI SeLion 12 'Other Financial Instruments Iss. of FRS 102 to all of its fir181 instruments. Financial instrlents are re(xgnised thè c*artys bakn¢% sheet vthen the charlty becomes party lo the L¥)ntractual provistons of the instrum8rt . Financial assets and liabilit are offset. with the net aTTh)unts presented in the finanaal statsments. wn there is a legally enforceable right to set off the re3ned amounts and there is an intention to settye on a net basis or to realise the asset and sett the Ihqbilty siMuttaneous. 11
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting lIGIO$ (Contlnu•dl 8•$k lInala1 assets Basic financial assets. whK iridude debtoTr and L35h aTrJ bank balances. are Inrti81ty measured at transaction price induding tsnsaction c¢Ws and are subsequently rarried at amDrti5ed cost using the effeclNe interest methL%J unless th8 arrangement constitules a financing transaction. where the transaction is measured at the presenl value of Ihe futu receipts discounted al a market rate of interest. Financial assets classffied as receivable wilhin.one year are not amrbsed. Basic financlalli•WIItss Basic finand81 liabilities. IndlIng cnditors and bank thns are inthlly recc3nised at transaOn pric unles$ the arrangement constitutes a financing transaction. where the debt instrumenl is measured at the present value of the future payments discx)unted at a rnaet rnte of interest. FinancAal liabilities classrfd as payable within one year are not amortLsed. Debt inslruments are subsequenty carried at aThthi5ed ¢osL using the effective interest rate mgthod. Tr creditors are oblylvjns to pay for goods or sery1S that ha¥ been acquyed in the ordinary (rJurse of op8rattons from suppliers. Amounts payable are cfassified as eJJrrent Ikqbilrties rf payment is due within one year or less. If not, they a pented as non-current liabilit. Trnde creditors are rec¥)3nise(l initially at transaction price and subsequenty measured at amortised cost using the effe¢Xfvg interest method. Derecognillon olftnancl41 Ilabllftles Financial liabileS are dened when the chaiitys contractual oblyations expire or arè dkscharged or canGdled. Charltable activities Clwltable Charftsblo Income Incomo 2023 2022 Salès vrithin charilabie act¥ltses 56.754 57.582 Analysls by fund Unrestricted funds Restricted funds 32,808 23.946 34,917 22.665 56,754 57.582 Donatlons and lega¢les Unfestricted Restricted funds Total Unrestricted 2023 2023 2022 20.823 44.987 65.810 81.037 12-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investm•nts Unresthcted Unrestricted funds funds 2023 2022 Interest received 1.235 25 Charitabl• activities Charltsble Charltable Expenditure Expenditure 2023 2022 DeprerAation Charitable expenditure 10,100 117.665 9,763 121.593 127,765 131,356 127.765 131.356 Analysis by fund Unreslricled fiJnd5 Restsided funds 69.277 58,488 119.883 11.473 127.765 131,356 Trust•es None of the trLL8tees (or any persons e4)nneded ith tlm) reLived ary remunerntion or benefts from the charity durirKJ the year. Employees The averdge monthty numbèr of employe duriry ts yearwa$: 2023 Numb 2022 Number Administrative staff There were no employees VtK>so annual reThwnerabLVI was m¢)re Ihan £60.000. 13-
RECREATE DORSEr NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Taxatlon The charity is exempt from tax on income arKI gains falling Vthin section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these are applied to its charitabbe objects. 10 Tanglble fixed assets Tot*1 hd J111 •4iwpm•Nt Cost At 1 April 2022 Additions 768.968 6.22S 4,339 1,797 779,532 1,797 At 41 2023 6.225 6.136 781.329 Depredallon and Impalrmenl At 1 April 2022 Depreuation charged in th8 year 71.S95 4.339 337 82.159 10,100 At 31 March 2023 81.358 6.225 4.676 92.259 Carrwng arnount At 31 March 2023 687.610 .1.460 689.070 At 31 March 2022 697,373 697.373 11 Debtors 2023 2022 Amounts falllng du• withln one year. . Trade debtors Other debtofs Prepayments and accwgd incom8 7.888 5.983 1.085 997 1.148 9,036 8,C65 14-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Credilorn: amounts falling due wilhin one y••r 2022 Other taxation ènd social secAJrty Def8rred income . Payments received on ao*unt Trade creditor5 other credito Acwals and deferred ¢0 1.638 13 155,952 1.707 5.936 1,089 4,313 163.487 93.943 .13 Def•rr¢d Iorne 2022 Arlslng from Grants 155,952 Defert8d income 15 indudwj in the financaal Statem as folkth&' 2022 Deferred in¢>)me is indudÈd within: Current Ilablities 155.952 Movements In the year. Deferred Income at 1 April 2¢)22 Relea58d from previous per¥)ds Rasources deferred in the year 41,688 (58,319) 133.927 38.656 Deferred in¢J)me at 31 Marth 2023 155,952 14 Analysls of net assets funds Total Unrestricted Restrlcted funds fvnds 2022 Totsl fvnds 2023 funds 2023 2023 2022 Fund balance5 at 31 March 2023 are represent&J by.. Tangible assets Current 8ssetslllk?t4lkties) 689,070 58,753 689.070 175,368 . 697.373 40.005 697.373 171.031 116.615 131,026 116.615 747,823 864.438 131.1)26 737,378 868.404 15-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 There were no dlscl0sab rnlated paty transths durir¥J tr* year (2022. none). . 16-