Charfty reglstratlon number 1149697 Company reglstradon Nmber 08107118 (EngId and Wal) RECREATE DORSET ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
RECREATE DORSET LEGAL AND ADMINISTRATIVE INFORMATION Trustees Angela Pooley Pamela Donnel Cfm Thoffos M&taAmes James Day Evrd Zabarylo Kwoiina Bfvj inate Angel 8oateng (Appointed 30 Octobgr 20231 (Appointsd 30 October 20231 (Appotnted 30 October 2023) (Appointsd 30 October 20231 (W.nted 30 OGtDber 2023), Charfty numbef 1149697 Company number 08107118 ReglstsRd office Old School H Gladstone M BH7 68G Independent Examlner Ro•Aands Webster Linuied Austin House 43 Poole Road England BH4 9DN
RECREATE DORSET CONTENTS thrnian¥ statsmerrt Independent examinets repart Slatement of TK[al acbvities Balance sheet 10 Notes to the fjnwKial st*ments
RECREATE DORSET CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The 2023r24 year has seen a period of stsbllity and gro%Mh for Recree t)orset, locusslng Its work at the community hub, The Old School House trosHI, where the Tnjst prowdes a full programme af community &tivibes with target vulnerable groups and delivers support for the creative sector, through the provision ol the ¢work space, business support programmes and start-up packages. The Trust now deliver5 five main community programmes providing free creative aGt4vlties at the hub, dl of which have been runnlng at full capacity in 2023-24, reaching some of the most marginalised communities in Boscomb8. In 2023 the Tnjst launched its new Cfe81ive and diuitd sbills pragramme, Open School Creative IOSCI, SUPPOTting emerging and established creatives looling to increase their business thlls and discovor more about opporbjnities available to develop a successful crealive enterprise. The expansion of our skills and tralning programme$ has seen OSC be¢cmg a su¢¢essful networknng 8nd skilts-sharing hub, where digital and creative businesses come togother to share resources, leam from one another budd knowledge and contacts to further their business. Major new developments at the hub In 2023124, included the exciting plans to design, build open the Trusvs new communty garden, Thg Orchard Garden. Developed with support from many volunteers. loca residents, memb5 of th8 communty workshop programmos and refugee and asylum seekers who are part of the Seeking Refuge projecL the space has been completely transformed as a community resource, growng native plants, herbs, fruit trees and bushes. The garden has opened up new possibilities as a space for everycne to use arJ enjoy as well a% an important addilional hireable space complementing our newly refvrbished intemal spaces, the Assembly Hall, Atrium and privats meeting rooms. The complotion cf our heating project in March 2024 has also meant the Trust now offer the hub as a funclioning spoGe throughout the year and we know this is a welcome addition, particulady for our older and more vulnerable pacIpants in the colder winter months. The Trust is very grateful for the Gontinued support from Trusts and Foundation to help both with the Gapilal developments and the delivery of the community programmes. Grants have made possible the community garden, the inclusion of the new centr81 heating, the extension ofthe business SUPPOrt programme and the expansion of ourweekjy CoMrnity WOTkshop& The Trust expanded staff in 2023r24 with additipnal hours to ueate a new role for our CommuniGatK>ns and Marketing aclivity. This supports our current Comms role, who rebjmed from maternity leave on reduced hou The Trusys DirectrJr and Community Coordinator (the latter funded through a 5-year grant from Lottery Commuri Funds) continue as part-time hours. The staff and TNstees are supported by an accountsnt who has continued to provide finanoal advice and prepare quarterly management and annual accounts. Addtbonally, the Tn engages many freelancers who delNer the Community programme. Al the Trusvs work is supported by a te8m of volunteers whose invaluable help, makes much of our work p0Sble. In 2024, the Trust has ¢onlJnued to concentrate its key aclivlties on supportlng of the alms set out tn the mem1)dum and Articles., 11 The cre8tion of training and employment opportunities by the provision of workspace. buildings, andlor land for use on favourable terms., and 2) to develop the Capacity and skjlls of the members of the socially and economically disadvantaged community of Boumemouth and 5urrDunding area in suth a way that Ihey are better able to Identify. and hèlp meet their needs and to parttcipate more fully in scciety. Chalrman
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr repgrt and finan¢lal Statements for the yeer ended 31 March 2024, The dlrèetsrs of thè charity are its trustees for the purpose of charity law. The financial statements have been prepared in accordance wlth the aGGounttng policles set out In note 2 to the ilnanGial Statements and comply the charity's Igoveming documenti, the Companies Act 2006 and"Accounting d Reporling by Charities.. Statsment of Recommended Practlce appllcable to charfties preparing thelr accounts In accordance with thg Fin8naal Repgrting Standard appllcable in the UK and Republbc of Ireland (FRS 1021" (effective 1 January 20191. Introductlon The Trust canllnues ta work towgrdB its overall vislon to see 'a Sustslnable Boumemouth whlch has thrlvlng, Ineluslve mmUnItIeS In whl¢h all groups have a vol¢e', The Trust Is commltted to make a18sting and worthwhila dlfforence to the over1 quailty of Ilfe In Boumemouth. It wlll conlnue to a¢hlevo th1$ through path?rship worhing and by generating or raising fvnds to Invest In proJects whlch benefft the most vulnerable and d8prlved end those not achlevlng thelr full potsntial Th6 charws objects aro: 1. The promollon for th• bènefit of thè publlc of urban or rural regeneralon In area8 of 80clal a)d economEc deprivatlon and In parucular In eoumemouth & 8urroundlng areas by all or qny of th• followlng mgan& (a) Tho ¢r•ab'on of tralning and omployment opportyJnftle8 by th• provldon of work•p•¢•, bulldlng•, andjor land for u$¢ on favour4blo tsmi•; (b) Thè proVEOn of houslng for th080 who ar& In condlllons of need and th6 Improvement of houslng In thfr publlG 8ectOf or In Gharitable DwnerBhlp provlded that luch power shall not extend to rellevlng any looal authodtleg or olher bod1 of a •tabJtory duty ts provldg or Improve hou8lng', (c) Thè sKotscUon or consarvalon of tha envlronment and the prudent use of re89urce8', 2. To develop the capaclty and 8kIlls of the members of the Soclally and economlcally dl8athntaged communlty of eoumemouth and Surrounding area in such a way that they ere better able to Idenlfy, gnd help meot, Ihelr needs and to pgrtklpate more fully in soGioty. 3. Suth charftsble purposes for the publ1¢ benefit a8 arg exclusively charftsble accordln9 to the laws of Engld and Wale6 ao the tru8t8e8 may from Ime ta time detemilng. The Buslness Plan Is regulady revlewed and the board receive8 updates on key 8cllvblles at each Trustee meelng from th8 Director, with an annual summary of progress at the end of tho year. Publlc bonallt The pdoritles and objectivos of the Trust are dlgned wlth the ¢har¢tsbl8 objects of the organlsalon wrthln th8 p18n to ensure that all resource$ are 8pproprfately used. Al now and existing proje¢ts arn evaluatsd agalnst the Trusfs prioritle4 charltable objects described above. The Trustees have complied wlth thelr duty In 8e¢tron 17(51 of the Charttte8 Act 2011, havlng due regard to publlc benefft guldance published by the Charity Commisslon.
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aetlvllltes and Pf4ects 2023-24 Flnanclal Year The Old School House, Boscombe TOSH provtdes a muchThneeded accessble c¢mmunity spaco in an 8rea ot multiple deprivatian. Alonggde the hub space the Trust also provides 11 share ownership properties for Ioc81 pegple on low in¢omes, as well as a commurity garden and allotrnen( all open to our local community ta use. Each year the Trusfs engagement programme SUPPDrt5 1,000's of loGal people from the many diverse communibes based in Boscombo who comfr to TOSH trJ attend workshops, events, language classes, exercise classes, onevto-one suppcrt and advksory sessions. The programm8 81so offers signposting to help people access other support and resourGes in the area. TOSH welcomes over 10,000 visitors to the site each year. The priority for support for the community programme focuses on worlqng with p?Dple In recovery, thuse struggling with poor health, the elderfy and young families on low income, and refvgees and asylum seeker5. Aongside the community programme the Tnjst provides slalls and business support for the developing creative and digital sector wth activities to ¢)ffer small Greative businesses inclu(fjng Inbator space, cwork and hot desk facilities and buslness support and nthorking events, workshcps, 1-1 and group traning. TOSH was orignally part of a former education centre, which remained derelict and unoccupied for ye8rs. The Ewdding wa5 gifted to the local community as a place of leaming by the family of the poet Pew Shelley and formed one of the first public schoDIs Dpened in the County. Set up as the Boscombe Britssh and Foreign School it canied tthe work of a young Quaker named Joseph Lancaster who founded his first school in Southwark in 1798. The school was set up to prDvide education for 'the industrious classes,. As the school moved to larger premises, the building became the award-winning Bournemouth Drama Centre, where former pupils included choirmaster and broadcaster, Gareth Malone and fashion designer Graham Fraser. Although a large part of the criginat builthng was demolishpd, in 2014 through a pathership with Boumemouth Council and supported by EU fvnding, the Trust saved the remaining grade listed building, and built 11 share ownership properties for loca people cn low incomes on the same site along wth a community garden and allotment It therefore has a signifant cultural and historical place to play wthin the Identity of Boscombe and tts architethrai heritage story. Gladstone MwrJ The Trusfs 11 Share ownership properties con1inue to offer local people on low incomes 65% ownership of their homes. with the opportunty to staircase to a maximum of 85%. Most of the residents have been in Ihe properties since they were first built in 2014, wth a few movtng on to larger properties as their families have expanded. There are 9. 2-bed properties. 1, 3-bed propety and 1. adapted property. The land surroun(llng the properties is in the oleh1P of the Trust which includes the community garden and 811otment space. Communlty Programffle and Partnershlp Projects 2023 - 24 The Trusfs CDmmunity programme continues to develop new partnerships and projects, expanding the work the Trust undertakes supporling the most vulnerable and marginalr4ed residents in the local cOMrnty. The programme is funded independentIy from grants from Trusts and Foundations, 8nd all the activities are provided free wilh several also offering a free hot mea. The meal is important in helping to bring the communities together. builthng stronger bonds and connections betsveen the particip8nts, many of whom are very isolatsd and due to poor health. spend considerable time on their t)vm. The paitcipants POrt very po$VelY 1hat TOSH 15 a place where they feel welcomed, and where they make new friendships whi18 enjoying a Greative aGtivity which helps with their mentsl health and well-being. 'Thursdays have become my favourite day, I forget everything, we le8m in a fun and Gomfortable way, irs an important aGtivity for my mental health, l enjoy it a lov, 'it is an excellent activity that keeps the mind occupied and unleashes creativity and individu81ity., The workshops are so welcoming and Indusive, ¥Èd they have helped me feel safe and able to get involved. .'Coming to TOSH has done so much for my confidence and grown my soal skills for1he first time in my life. My mental health has impraved so much: fresh air and exerclse in the garden helps me feel younger and happier..
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Comnwnlty Programme Indudes the foll(vAng wdeets In 202344: The OTchaTd Garden Funded fmm Pewe's Heallh Thisl WesrAex thr. Boumemouth Coastal Lottery and 8CP Councll. Inlllally a 2.year comnwnlty proje¢( Nnnlng from 1 Decemlw 2022- 31 Dewnber 20X Addl11¢al lundlng from StartMKks and Soverelgn NetIrk Group lll alkyw the prOt to ¢ondnue In 202& Involvlng ovor 200 lo¢ people in the des. Lwild and rAantirvJ of the garden, including al our communlty wup4 asylum seekers and refugees, the Polish eldety Comffnty, faMieS from the Mews and Ioc81 rosidonts living In and around the sits. Mh of aCtity in 2¢f23r24 h been the strucbjrd build of paths, the sunken sealng ¥ea and planting oftrees, fnjit bushes and native flvwers. Volunteers meet eath weekto mantsn and mage the garden. A monthty programme Df workthops. school events and eomnwjnty sessions on gr<rthing and using pl for cookaig have all been delNered in the first year of this project The Outslders PrnJe¢t A 5-year partneishlp proJe¢t funded thrwh the Lottery Communlty Fund, endlng In 202& The grant supports a workshop programme and a Communlty Coordlnator Lonwt ¢slabllshed group. In partnershlp wlth BEAF Arts Co. meetlng weekty foT creallve wrmlng wvrkshops and now photography workshops, Yock4ns'. perfOrnW and outreach The programme Includes support for mentorlng and tralnlng. offerlng partklpants oppothnilles to traln as and project leaders. In 2023 the project developed a new outreach wogramme extenthng conn8clions ilh the recovery, heamh and well. being sector throuth deliveflng workshops out in the mmunty and health venues. The prokct also has a ntract with west College to deliver a new strand of activity. Nnning workthops pwbrman¢es In HM prisons. The first tour in spring 2023 visited 10 prison5 aryoss Ihe soulhwesL Afurther tour touk pEaGe between July- September 2023 visittng a furlher 8 prisons in the southwest Coorthnated by on College. the outcomes have been extreme positive, prirrrarily due to the workshop leader5 bringing their thvn Ir¥ed experience5 to the woups af prisoneN As a resutt a Ivrlting Prize was Initiated and a publICati produced ofthe out¢omes frnm th& workshops and creative writing from the er8. The project PartIp delNered a pJb]ic'Lock4n' perfo¥ for thè BEAF 2023 feslivel to a sèlkiut audience of 100 people. The project akn perfomied 20ZJ Proth10n. Tattoo in Boscone and on tour to Southampton Mast theatre to a full house. Adrfrtit)n8tly, successful tyjtcomes for indNtdJ81 pwtictparts of the project indude a film produc•d by AUB students featurtng long-stsnding partici[ Gary. who runs the wtreacJ wwkthops PTrson tour. a Mmmissi¢Jn for workshop leader, Debbie from the Puierty Tnth ComrrAssion to create her first play,. and a commissian for the workshop partiapants from BCP Council to ueate text works for a pub¢ at trail as part of the Levelling Up fund& Up to 11 text works wai be selected for perent in&dlalion along Boscombe Beach and up to Boscorrtje high Seeklng Refuge Prol¢ct Funded from many %)urce4 prfmarfly Peopws H1th Trusl Valenllne FounWon. BCP F4)od and Energy Support Weekly Thursday Threads attended by Men. Clnerna nights nmtsle workshoA backgammon and communlty ganlen attended by men. The women's goup has gone from strength to strength. in 2023 the women developed a collaborafve project for Ihe BEAF festival creatin9 a Ie-e texlile instalation. Yhe Stories We Thread made from inthvidu cyanotype imagos Stit¢hed together to creats one Jrrt work The pat&Nork of Images documented of the wamen's homeland through maps, drawin& and petsonal belongngs, recorded an the materid. During Ihe autumn the women WDrked towards their first makers nwkets at TOSH and Soutt) Coast Makers Mtht selling products made in the workshops. The fvnds raised frDm the markets go back into the project for futrjre activities. From Marth 24 the group started a new projecl worktng towards National Refugee 15 JLme 2024, with 8 collaborative work on ts theme of 'home'. The work 711 cfeats a setting for a communal meal, vrith e&h member of the group embroidering a tradillond ithsh lor a large taye setting. A new group has been set up for the men's group and they have 81$0 been activety invthed in the development ofth? communty g¥d.
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dorset Pollsh Communlty- Young At Heart Funded from Dolset Comnwnlty Foundallon and PeorArfs Health This( Run as a weelty group for the elderty Polish comnwnty. who due to poor knswage skil[8 have found themsefves isolated and lonely. The project includes a monthly famty event on Pjathwday. Th? weekly moollngs Includè En¥lsh Language sessians and texlile acbvities plus a he81thy lunc1. Communlty M Part of thé warm ft)oms programmè aeross BCP, a Y4wkly drnpln programme. Includlng gende exeKIs lunch and an afomoon Graauve works1p. 51gnpo311 and 1-1 wpporL started In January 20LI Inltialty set up as p¥t ofcentrd governments vmmi raoft% iniliative, the programme has ¢ontlnued as a vltal aGtivity for our vulnerable. eidth and less-able communty to support their heallh and well-being. providing a warm and welcomlng place to meet others with a free hot meal. ThrouthLYJt 2023r24 the projec% now renam8d Communty Mondays has recelved very posltive feedback and attracts a target audience of Ioc81 people on low income4 thoso that are very isolatsd and with restrkted moL41ty. The acbvitigs fill a gap in provi6ion In Boscorrbe and connect with oth¢r r•lour5 In the w•a to Supportthh vUlnernO SWRAC South Reglonal A8se•sm¢nt Centr4 a spKlal •ducakn g¢hool supportlng young p•opl• vAth SEM A grant from S0VeIgTr Houslng prnvId workshops to support tho sthdffjts a pr•paratlon for work proorammè, glvlng them confjdenm and support to move Into employffL The Trust develt)ped a pwtrershlp with SWRAC In 2023. wothing with SEN 6bJd8nt8 on creativ? projects, to 6upport them on thelr Joumey8 into emment The wcce86 of the pr0Ct ha8 led to I(98r-rn) plans to ¢ollabor wlth SIMIAC ond dèvelop a pyoposal ts add to their Qjni1Urn. The propo901 would offer &udents eativa and informaove 61dlls development programrn ft)r th0$6 needlng rnats to present themsdv¢• profe5s1onally In the fvb markgt or setbng up their tAlnesS or no¢dlng e more ¢realve approach to self- promollon for employment Cr¢allv¢ aiKI Dlgltsl 8kllls Prngramme Launch of OSC- Op•n 8chool Crgatlv•- wppor( Iralnlng. rneTr and $klU developmont programm• The Open School Creative prngranme, a partneh1P project wlth BEAF Art8. launthed In Noven)er 2023, offerfng a programme of tr81ning and skills development workshops and erfents for the wider creative and dlOtal bune$S Sector. The programme18unthed with a talkt fiTrt ¢vent on 1 F?U8ry 24. ddlv•r•d by Cerl Hd coh and mentor lor the c¥eallve soGtor. AdditSon8f fundlng from the Shared Prosperity fund rnaged ty BCP and from the Dorset LEP, 6UPPOrted tho professlonal development prwamme workshops In the first year. The delNery of the Tntsvs successfvl Start Up progr8mme for creatives Gawlts 4th sol&out coh¢Jrt in Mwch 2023. Fouowng the 8ucco68 of thi8 programme, the TA Is plloting a 50+ Start Up in 2024 supported by the Dorset LEP. a groydng comnn of retired people and those who want to bjm a hobby into a buslness, or those rekning to their creatEve practlce after following a dlfferent cwfrer path, the Tnjst has had very pti¥0 feedb&k on thls now course propoEal. Thls trid week x 2 hour serfes of bu4ne6s Wor10p$ wJll be revlewed to look at lurther oplorts to grow the creallve Start Up course rIe1. l the Trust8 uealive bun05S WJPWt now fd15 under the urtjrolla of thé Cen School Creativts prograrDmes. The Trust has continued to offer a weeldy cOk Club runnlng every Thursday morning provldng frea desk sp8C¢ d support from our redent cworker oxpe¢ plus th8 Creativo Hub 50ssions, Ithich are monthty 2our netsvorkjng se$I)n$, with a west weaker dellverlng (Y(ts. buslness advl¢e and SUPPDrL Aongside regular acb'vities for utsative businesses, the Trust dso runs speaalst worbthops, amPleS include: Additional Incomes for Creativ* Linkedln for CreatNe Freelancers & sma BUn Show & Tell and InVial Grit se85ions.
RECREATE DORSET TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Hlres and Coworklng Spaea slnce the refvrt)ishment 8nd addition of heating in the hub, the Trust has seen a significant increase in enquiries for hlres of the Assembly Hall. Atrium and privats meeting room spaces, and have become booked regularty tor all 6e551ons across the daytime, evenSng and weekends. Community hires have continued to in(¥ease in 2023r24, with regular hires from key loGallnatIonal charftSps and organlsalons including Shelter, the Hampton TNst, Help & Care, ArisAble Group, CAN (Community Action nthorkl and ICN (intemalional Care Neork). Income from hires and the ¢Ovworflng 6pa¢e K¢ount for 25% of tho Trusvs income. Flnan¢lal r•vlew The Trust banks with Charlties Aid Founda11on ICAFI Bank Th• Trust has an onllne accountancy facillty enablSng prompt transacllons end re*ttme management Appropriate 8e¢urfty controls are In place to Ilmlt th¢ potsnti81 for fraud and ensure that iwo separate Indlvlduals slgn off transactlons. The Trust continue8 to be regarded a8 a tru8ted oroan18atton with good govomanc• arrangemfrnts and sultabl structyres to manage donalons 8nd other re8ources In order ts Improve the liv¢8 of p•ople in 8oumemouth. Rowland8 Webster conlnue as the Tru8V8 Indep8ndent Ex8mlner. Ilr8t appolnted In 2019. Reservas pollcy The Tnjstses adopted tho followlng as th&lr resorvos pollcy at thelr meolng on 8th July 2013: Trie org8nl8atlon wlll malntdn o level of reserve6 sufflclent to meet the operatTng c08ts 01 Ihe org8ni8atson for a period of six months, plus the costs of wlndlng up, redundancy and legai expenses should such a conlJng•n arf88. Th18 Wtll ba alloGated from the unrestrlGted reserves of tho chartty and wlll be revSewod annually., Th18 pollcy ha8 not been updatsd 8lnce and therefore remaln6 the policy of the Tru8t Rlsk Assessment The Ch8rfty ha8 a comprehenslv8 rlsk reglstsr and 911 'hlgh' and potsnldly Incroaslng rhks ar8 revlewed at board meeting8, wlth a detalled annugl rgvlew whlch takes place In January each year. SlructUi4 govemance and manag•m•nt R¢¢reate Dor8et {wevlou8ly Boumemouth 2026 Trust) Is a charltable company Ilmlted by guarantee and waB Incorp¢xat•d and regl8tsrod wlth the Charity Commi88ion In 2012. The Artjdes of AssoclalJon ajlow for a mlnlmum of 6 and a maxlmum 0112 Tru8tse8. Chr18 Thomag conlnue8 a Chair and Pam Donnellan as Treasuror. There are jrrenIY 8 Trustses In total. The Trust undertakes an annual sbjlls and divernity audit, which indicatss whethar or not re¢rultment of trustees18 re¢wired to address parlcular 8k]Ils or dlveNty gap8. The Trust Board Is In tho Proce ot identifylng now Truste68 to Increase tts dlverslty and to extend the age range. The Trust is based at Tha Old School Hous& Boscombe, Gladstone Mews, Boscombe,
RECREATE DORSET TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th6 trusteeg, we dso th8 drectors for the wrpose of corypwy Iw, and who serlod ¢*Jrlng year up to the dato of signatrwe of the fincIal statsments were: Angela Pooley Caron Khan Jan8 Kelly Parmla Donnelban Chris Thomas MarfaArM8 James D8y Ewa Zabarylo KarolSna Blfvinat Angel Boatsng (Resigned 30 October 2023> (Resigned 30 October 2023) (AppclTrted 30 October 2023> (Apwinted 30 Othber 2023) (Appc4ntsd 30 October 20231 (Appcqnted 30 0(aaber 21Y23) (Appointed 30 October 2023) None of the trustees has beneficlal intsrest In the . Al ofthe bwsteos menl)ern of the company warantee to ¢ontribuie £1 in tho went of a winthg up. The ste8s' raport was apwoved by tho Bowd of TnAt8e8. Chrb8 Thomas Trust••
RECREATE DORSET INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RECREATE DORSET I repDrt to the trustees on my eXanatIon of the financial statements of Recreate Oorset (the charity) far the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the chaiity (and also its olrectors for the purpose5 of Gompany lawl you are responsible for the weparation of the financid statements in aCcOrdae with the requirements of the Companies Act 20C6 (the 2006 Having satisffed myself that tlio financial statsmgnts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the tharity's financlal statements carried out under section 145 of the Chaities Act 2011 (the 2011 Act). In carrying my examination I have foll¢)wed all the applic*le Direclions given by the Charity Commisslon under section 145151{b) ofthe 2011 AGt Independent examlnefs statement I have completed my examination. I confirm that no matters have come to my attention In ¢onn8¢tlon Mth Ihe examination givin9 me cause to believe that in any materi81 respe¢t a¢MUnng records were not kept in re$peGt of the tharity as required by section 386 of the 2006 Act, or the finèn¢lal statements do not acGord with those records; or 3 thg finan¢ial statements do not comply with the accounling rewlrements of sedion 396 of the 2006 Act other than any requirement that the accounts ghe a true and far view whlch is not a matter considered as pgrt of an independent ex8mination', or the financlal stat&ments have not been prepared in accordance with the method8 and princlple8 of the statement of Recommended Pradce for a¢¢ounllng and reporting by chafities applicable ta charities preparing thelr a¢¢ounts In accordance with the FlnanGial Reporting Stsndard applicable in the UK and Republic of Ire18nd {FRS 102). I have no concems 8nd have come across no other mater8 in connection wlth the examlnalon to whlch attenuon culd be drawn in this report in order to enable a proper understandlng of the financ481 ststements to be readied. Rowlands Webster Llmltsd CTA FMAAT Arr(Fellow) Austin House 43 Poole Road Boumemouth Oorset BH4 9DN Englanfl Oatsd:.........................
RECREATE DORSET STATEMENT OF FINANCIAL ACMVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted funds nds 2024 2024 Total Jnds 2023 nd5 2023 Donations and legacles Charitable activtties Inve8trnents 24.882 47,452 4,308 116,170 24,374 141,032 71,828 20.823 32,808 44.987 23,948 85,810 56.754 1,235 Total Income 76.ff22 140,544 217.1e6 54.868 68,933 123.799 Expend11• on: Charitable aclJvlOe6 125.030 207,259 69,2 58,488 127,765 Total expendlturn 82,229 125.030 207.259 69.2TI 58,488 127,765 Not Incom(0XdI1*l (5.607) 15,514 9,907 (14,411) 10.445 (3,968) Transfers between firnd6 (7.000) Net movomont In nds 1,393 8,514 9,907 (14,411) 10,445 (3,968) Racondllakn of 141nds: Fund ba18nce8 at1 April 2ry23 118,815 747,823 ee4,438 131,026 737,378 868,404 Fund baTr¢ at 31 Marth 2024 118.008 758.337 874,345 116,615 747,823 8e4,438 The slatem•nt of flnandal IndUd al and lows r•¢owl8•d In th• y•ar. All Inc¢)mo and 8xpendlur• d¢dve from ¢onllnulng aclvMo&
RECREATE DORSET BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Flxed assets Tangibt? assets 10 676.870 e89,070 Curmt assets Debto Cath at bank and In hd 11 11.471 321.099 9.036 329.819 332,570 338,855 Credltors.. amounts falllng due vAthln one year 12 (135,095) (163,487) Net ¢urMt assets 197.475 175,388 Total assets less current Ilabllllles 874.345 884,438 N¢1 amets exdudlng pens1( Ilablllty 874.345 8e4,438 Th• fvnds of th• charfty Reth¢tsd Income fund8 Unrgstrlctsd funds 14 756,337 118,008 747.823 118,615 874,345 864,438 Th6 55 enolad ta tho exerrpdon from the audlt rowtr•rrrt ¢ontak)ed In 8e¢Oon 477 of th• Cofflpanl•g Act 2008, for Ihe year ended 31 Marth 2024. The d'rector8 8cknovAodge thdr re8ponsibililies for comptylng wlth the requhm•nts of tho Corr¥J)108 Act 2008 wlth re8POCtto accounllng ree¢)rds and the prepwall)n of finandal stat•m•nts. The menJern have not rn¢wlred the to obtan an audlt of its financlal *tsm•nts for the y•ar In que8tlon In acCordae Kdl¢)n 476. These financlal statsments have boon in acurdance with tho lS1onS applicable to comparugs subjp to the small cowpanles r¥M8. Th arKlal Statsments were apwoved by the trustees on ......................... Chris Thomas Trustee Conwy retion number 08107118 {EngId Wales) 1Q-
RECREATE DORSET BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 Crlllcal OUnl9 estlms Judgenmts In the iCation ofthe charitys Unting poliaes. Ihe tnjstees are rewired to make iidgements estimates d assuirptions about the anount of a55ets d liabililies Ihat are not readily apparent from other sources. The eslimates and associatsd assunptis ¥e based on historical experience other faot(Jrs that e Gonsrdered to be retevant Acbja resutts rfrferfrom thesg eslimate The estimates and underfwng awmptions ¥e reviffwed on ongoing basi& Reviwons to accounling estimates are reCOlsed in the k)eriod in which the eslimate is revised where the revision affects that period, or in the period of the revison fubjre periods where the reVian affects btth cuttent and fvbjre period5. AccountlThJ Wlcks Charfty Informallon Recreate Dorset Is a VNate cor)Y Kn¥tsd by incorporated in Endand and Wal¢s, Th? reG4Stered offKe Is Old S¢hool House. &adst¢e Mew4 Boscombe, Btyjmemouth, Dorse( BH7 6BG. 11 Acwuntlng wNenllon The finanoal Statements have been prepared in tho ¢hJitys tgoveming documentl, the Companies Act 2006, FRS 1(Y2 Yhe Finanaal Reporting Standard 8ppli¢able in the UK Republic of Ireland. ('FRS 102°) and the chareS SORP "Puounting and Reporting by Charttes: Statement of Recommended Pracfi¢e apable to thwities prying thr x¢ounts in accordance with th8 Finan8[ Reportrng Standard appIable in the UK and RepubfK of Ireld (FRS 102r (effective 1 Januwy 2019). The charity is a Public Benefft Entity as defined by FRS 1(r2. The ha8 taken ad¥ge of the prOrts In the PRP frx charitres not to a Statsment of Cash Flows. The fin8ncia statements are prep¥ed in sierfmg. vthlch Is the funcllonal ¢urrerw of the ¢hTty. Monetsry amourts in thes@ fin1 statements are rounded to the nearest£ The fin8ncia statemerrts harfe been prepwed under the cost convention. The prffKip4 )untIng polictes adopted are set out below. 2.2 Golng coneem At the timo of approving the finana81 Statem the Iwstees have a reasonJle expectation that the ch ha5 adewats resources to conltnue in ¢4)eration exi5tsnce for the foreseeable fubjre. Thus Ihe trustses ontiThJe to adoptthe going concem basis ot xcounting wwng the finwKial statement& 2.3 Charltalkn funds Unrestricted funds ¥e avail*e for at the thscrelion of the trustees In furtheran of ther Charitable objectives. Restricted funds are subject to Spe c(Jnrfrfions by donors or grantors as to how they mvy bo used. The purposes and uses ofthe restricted funds are set in Ihe notss to the finaKial statemen Endowment funds are gJbieGt to speafic condilions by don¢xs that the capital rrust be malrtaned by the charity. 2A Income Income is recowised when the charity ts legally en1illed to il after any perforrn conati¢Jns have been met, the amounts can be measured reliabty. and it is probthe that income wll be received. 11
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢counllng pollcles Icontlnued) Cash donatlons are recognised ¢Jn receipt Other donations are recognised once the charity has been notified of the donalion, unless perfom)ance condtions rewire deferr81 of the amount. Income tay recoverable In relation to donaltons received under GiftAid or deeds of covenant Is recowi5ed at the time of the donation. Legacles are reGognised on receipt or othe1vse if the charity has bw noofied of an Impendlng d]bUtion, the amount is known. and receipt is expected. Ir the amount 15 not knovm, the legacy Is treated as a contingent asset 15 EdIre Expenses are induded in the financial slatsments as bQme receiv8 or due. Exwses indude VAT where appl8 as the company cannot redaim it Z6 Tanglble fixed assets Tangible frAed assets are initiaty mead at cost and Eequenty measured at cost or vauati(Jn. net of depre¢iation and any Impalmnt losse& DepreGiation Is reGognrsed so as to lIe 14fth8 Cost or vthation of assets less thelr resldual values over their useful INes on the followng baseg Freehold land 8nd buil(fins Plwrt and equipment TA Stst line basis 253% straIt line basls 25%- 33% stratht line bS Th& gain or loss ¥istng on the thsposa of w asset is delernkned as the (fferen¢• betsveen the sd proceeds and the c•rying vatue oflhe assel and is recowised in Ihe statement Df financtal athmes. 17 ImpalrnRnt of axed assets At gach reporting end date. the re•W8 the CIng amwnts of Ets kngble assets to datnIng whether there Is any inth¢ation that ttlose assets have suffered an irrpairment loss. If any such Indtatlon exists, the re¢overie amount of Ihe asset is estimated in order to determtne the extent of th¢ impairment loss (rf 8ny). 18 Cash and cash equlvalents Cash and cash equivalents indude cash in hd, depo held at caj with ban14 other short-term li¢wid investments with orignal matyTities of Ihree months or less, bk overdrats. Bank overdrafts are shown within borrowings in ujrrent liailities. 19 Flnanclal Instruments The charity has ejected to apply the WlS1Or of Section 11 'Bastc Fc481 Instwments. and Seclii)n 12 'Olher Financial Instruments Issueg d FRS 102 to all of finaKial instruments. Final inslruments are recognised in the chariS b8e theet when Ihe charity becomes pty to the contr8cttJal provisons of the instrumgnt Fin¥Jctal assets fi&ilibes are off5e£ with the net amDLmts wesented in the finanoal statemerrts. when there is a legally enforceable right to set off the recognised amounts &KI there is an intentson to setue on net basis or to redise the asset setsle the liabilty sinwtianeou. 12.
RECREATE DORSET
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng polkles
(Ccnllnued)
Basic finawal assets, whth indude debtors and cash balances, 8re Inffa measured *
trrnction price indu
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unre5trlcted Unrestricted funds "fvnds 2024 2023 Interest received 4,308 .1,235 Charftable actlvltlos Charltable Charltable Expendlbjre Expendlture 2024 2023 Depreciation Charltable expendlture 12,276 194,983 10,100 117,665 207,259 127,765 207,259 127,765 Analysls by fund Unresthctsd funds Restrictsd frJnds 82,229 125,030 69,277 58,488 207,259 127,765 TNstees None of the trustses lor any persons eomected wlth them) received any remuneralon or ben¢fits from the charity during the year. Employees The average monthly number of employees ¢kning the yearvM& 2024 Number 2023 Number Total There were no emplayees whose annual remuneration was more than £60,000. Taxatlon Thg charity is exempt from tsxation on its activities becwse all its inGome Is applied for charitable purposes. 14-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 TltsIe fixed assets Yotal bulkfjrvas equlprnenl At 1 Aprfl 2023 Additi(Jns 768.968 6225 8,135 471 781,328 471 At 31 Marth 2024 768,968 6.606 781,799 Depreclatlon and ImpalTment At 1 April 2023 Depreciation Charged In the y 81.358 11276 4,676 92,259 12,670 At 31 March 2024 93.634 5.070 104.929 Carrylng amount At 31 MgJch 2024 675.334 1.536 676,870 At 31 Mwch 2023 687.610 1,460 689.070 11 Debtors 2023 Amounts falllng due *lthln ¢)ne . Trade debtors Prepayments and x¢rued Income 9.500 1,971 7,888 1,148 11.471 ,9,036 12 Credltors: amounts falllng due thIn one ye 2024 2023 Olher allOn and social Deferred income Paymerrts received on aUnt Trade (xethtQf5 Other credtors Accruals deferred income 2,244 123,827 3.465 13 155,952 2.030 1.089 5,108 3,480 135,095 1S3,487 -15-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Deferred lftcome 2024 2023 Arising from Grants 123,827 155,952 Deferred income is Induded in the financid statemerts a5 follow¥. 2024 2023 Defeed irtcome is included within: Current liabilities 123.827 155.952 Movements in the year. Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year 155,952 {151.9021 119,7TI 80,344 158,319) 133.927 Deferred irKame at 31 March 2024 123,827 155,952 14 Restrlctéd funds The restdcted fund$ of the Chadty comprfse the unexpended balance8 of donation8 and grants held on trust subject to specific conditions by donors as to how they may b8 used. At 1 Aprll 2023 Incomlng resource5 Resources expendod Transfers At 31 March 747,823 140,544 (125,030) (7,000) 756,337 Pr•vlous year: At 1 Apill 2022 Incomlng Resources resoUrS expended Transfers At 31 March 2023 737,378 68.933 158.488) 747.823 Is Unreslrlcted funds The unrestricted fvnds Df the tharity Comprise the unexpended balances of donations and grants vhuch aro not subjectto specffic conditions by donors and grantors as to how they may be used. These inGlude desiwated funds which have been set aside aut of unrestrlctsd funds by the trustses for specifio purposes. At l Aprll 2023 Incomlng Resources tesource5 expended Transfrrs At 31 March 2024 General funds 116,615 78.622 (82,229) 7,000 118,008 16-
RECREATE DORSET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 UnStrICted ndS (Contlnued) Prevlous year: At 1 Aprfl Incomlng Resources Transfers At 31 Marth 2023 Generd funds 131,026 54,886 (e9,277) 116,815 16 Analysls of net assets bet1 funds Unrestrlctad Restrlcted funds lund5 2024 2024 Total 2024 At 31 March 2024: Tangible assets Curront asSgtsl{li8bileSI 1,535 116.473 875,335 81,002 676,870 197,475 118,008 756,337 874,345 Unrestrlcted Restrfcted Iunds lunds 2023 2023 Total 2023 At 31 March 2023: Tangible assets Current as5etsl(liabilities) 1,460 115,155 687,610 60,213 689.070 175,368 116,615 747,823 864,438 17 Related party transactlons There were no (fisdosable related party traCtIOnS durlng the year (2023 - none). 17-