Charty registration number 1151711 (England and Wale$l SPECTRUM DAYS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
SPECTRUM DAYS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Derek Radcliffe Diane Hughes Helen Kimberley Anna Parker Mary Ree5 {Appoinled 2 December 20241 IAppoinled 9 July 20251 IAppoinlèd 16 June 20251 Charfty number 1151711 Principal addres$ Old Coach Roa Droitwich Worcestershire WR9 8BB Audltor OTmerod Rutter Lirnited Chartered Accounlanls Thè Oaklèy Kidderminster Road Dro1ICh Worcestershire WR9 9AY Senior manag•m¢nt tsam Amy Rose- SeM¢e Lead Maria Watts- Quality Assuran Manager Josh Swin50n-Oavis- Training Manager Harry R05e- Finance ManagerllT Adminstrator Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Vvesl Malllng Kent ME19 4JQ HSBC Bank PIC 6 Broad Street Worcester Wor¢eslershire WR12EJ
SPECTRUM DAYS CONTENTS Page Trustees, report Independent audilorfs report Slalemenl of finanaal aetiwties Balance sheet 10 Statement of cash (lows Notes lo the financial statements 12-24
SPECTRUM DAYS TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Trustees present their annual report and financial statements for the year ended 30 April 2025. The financial statements have been prepared In accordance with the accounting polTr¢ies sel out in note 1 to the financial stalements and comply with the charity5 goveming document, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of Recornmended Practice applicable lo charities preparing their accounts in accordancè with the Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland IFRS 1021" leffeetive 1 January 20191. Objectives and aetivlti•$ Thè Trustees have paid due regard to guidatKe isSLd by the Charity Commission in decAding what activities the Charty should undertake. Our charity'$ purposes as set out in the objects contained in the companys memorandum of as50cialion are to.. 1} promote and protect the physical and mental health of sufferers of PMLD IProfound and Multiple Learning Di58bililiesl in Worcestershire and surrounding areas through the provision of financial assistance, support, education and practical advieé 21 advance th6 edu¢alK)ll of the general public in all areas relating lo PMLD lo furthor or bènefit the r&sidants of Worcestershire and the surrounding areas, wlhoul distinction of sex, sexual orientstion. race or of political, religious or other opinions by associating together the said residents and the local 8uthoiilies, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of Social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise, the trustees shall have power.. lo establish or secure the eslablishmenl of a community centre and to maintain or manage or co-operate with any slatulory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. Summary Spèctrum Days has been established to provide specialist support lo people with PMLD and their lamilios utili5ing tsur day centre service. To provide people with PMLD with PurposelMeaninglLivinglDignity. Our building is based in Dioiiwich where members attend for daytime activities induding accessing the community. Our reach is across Worcestershire for all services and indudes a specialist transport system and hot rni(May rneals.
SPECTRUM DAYS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 selTr Delive CEO Retlrem•nt After many years of dedicated service our Chief Executive Officer and founder of Spectrum Days, Maggie Allen decidèd lo lake retirement in March 2025. As many will know, Maggie has been involved with education and soaal eare services for several decades before founding Spectrum Days Iwelve years ago with 8 V15ion lo support people wlth learning disabilities and their families. Her passion and commitment have been a driving force for the diredion of our eharity since then. Her leadership has touched everyone's lives and careers at Spectrum Days, now her retirement marks the end of a vital chaptar in the charity's hi510ry. We thank Maggie foi everything she has provided to Spectrum Days over the years and wish her all the best in her retirèment. In light of this, the senior team will Continue lo manage th& semoe in the absènce of a CEO for the time bèing. Thg team structure will be r6Vied at a lalei stage. Domiciliary Care and External Training Delivery Over the years, our Dorniciliary Care service has faced numerous challenge5. After careful ¢onsider81ion and many discussions within our team, we made the difficult decision in late 2024 to bring this service lo a dose. We sincerely thank all those involved, including our members and their families, for their continued support and understanding throughout this period. We also made the operational decisKJn to pause our èxt8mal training for the time being. This will be reviewed in the future with the aim of expanding thg semee to rèad) tha appropriata audience. Membership 2024 has been anothèr successful year for our membership levels. Over the last twelve months we have continued to have high interest in our seNice provided re5uhing in three new members joining our ever-growing learn. We are now close to ftjll capacity re5ulling in an increase in individuals on our wathng list. The decision was made lo close our wailing list for any new mernbers for the lirne being due lo high demand for our seNice. The team have worked closely together to provide a person-centered approach 10 3erwce delivery enhancing the care and support provided to those who use our service. The main focus has been on the activities prowded finding new and innovative ways to include, engage and offer new experiences to our members and staff team. Activities At Spectrum Days. one of our core prioriti'es is delivering meaningful. person-centred artivities for our members. Our goal is to ¢reate eniiching experien¢*s and provide a wide lange of opportunities that support individual interests and development. Over the past fvlelve months, we've enjoyed a diverse selection of trips and actiwlies, including vi511s lo Weston- Super-mare. boat trips on the Willow Boat, sessions with music therapists and entertainers, animal therapy. horse riding, swimming, hydrotherapy, rèbound tharapy, martial arts, and much more. Transport Our transport service plays a vital role in our members, day. ensuilng they can travel lo and from the centre safely w(th the support of QUT well-trained staff. However. transport remain5 an ongoing ¢h8llenge due lo regular maintenance needs and occasional vehicle downtime. We are extremely grateful to The Eveson Trust for their generous support in funding a new vehicle. which has helped ease the pressure on our transport fleet.
SPECTRUM DAYS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 Stsff Rècruitment Staff recruitment has been a positive area for us over the past twelve months. We've seen strong interest in our available roles, which has enabled us lo respond qulckly and effectively when stsffing needs arise. This has allowed us to maintain high standards of re and support for our member5 without disruption. We'r8 pleased that our organisalion continues lo attract passionate and skilled individuals who sharè our values and commitment. Ongoing investment in staff development and a supportNe working environment have also played a key iole in making Spectrum Days a desirable place lo work. Fundr In 2024 the Worcester ukule Club and The Doverdale Arnis chose Spectrum Days to be their charity of the year. Over the year the Woreeslèr Ukulele Club hold variou5 different concerts to raise money for their chosen charity. We were absolulety delighted to hear they raised £15.350 over the year for us. We Can't thank them enough for their support. The Dovardalè held a truck fesl for us in September. We were absolutely delighted lo hear that they raisèd £4,021 whi¢h was then doubled by Blackpole Recycling centre taking the total lo £8,042. We can't thank them enough for their sUPPOrt and their hospitality to our members during the year. The funds raised went towards the purchase of a much needed Acheeva Bed foi our rnamb6rs lo us& as part of their physiolherapy routine5. In July we hosted our first offiryal Rainbow Feslival for our members and the local community to enjoy.11 was a huge success with live music, a variety o19arnes, craft stalls and food to enjoy. We will be holding this event annually moving forward. Thank you to all those involved, il was 8 fanl8s1ic day and fun was had by all. We would like to extend our sincere thanks lo the Eveson Trust for their Continued support of Specirum Days. Their generous funding has enabled us to purchase a new minibus and cover essential running costs for our service. Over thè past twelve months, we have been incredibly grateful for the overwhelming support from our local community through various fundraisers and generous donations. Special thanks go to The Droilwich Lions, Crayon UK. Chawson Barns, Haylea Pyle & Megan. as well as the families and frTends of Spectrum Days for their invaluable contributions. Following the retirement of the Chief Executive Officer, fundraising responsibilities have been shared between the Finance Manager and the SeM¢e Lead, each contributing in drfferent capacities to support Spectrum Days, fijndraising efforts. Additsonally, the Tiuslee Board now plays a moro active role by rewewing and approwng all fundraising applications. Fundraising effort5 over the next twelve months will be to mostly focu5 on bulldlng our reserves and sourcing the neSSary resouTces lo ensure high levels of care and support are provided for our members. Future plans Our service continues to thrive, and with a growing membership and capacity levels being reached, we believe now is the right lime to explore the possibility of expanding our services, including the potential development of a second day c8ntre in a new lts¢ation. We are fully aware of the high demand fr)r our support and remain committed lo being a vital iasource for those who need us mosL
SPECTRUM DAYS TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievèmènts and performance Financial revl8w During the year to 30 April 2025 the Charity received gTfts. donations and ¢lient in¢omè amounting to £1.444,875 {2024.. £1,347,613). OLJI of which £1,403,270 12024.. 1,256,283) was spent in pursuit of the ehaiity's objects. generating a surplus 01 £66,125 12024.. £91.3301. As of 30 April 2025 £44,409 12024.. £29.2861 was held as reslricled funds and £197,10012024'. £170,618> was held as unrestricted funds. Re$eNes policy It is the policy of the charity that unreslri¢ted funds which have not beèn dèsignated for a speafic use should ba maintained at a level appropriate lo the Charity's need5 and ongoing obligations. The Trustees Consider that reserves at this ltrvel will en5uie that, in the event of a Significant diop in funding, they will be able lo eonlinue the charity's current actrvilies on a temporary basis whilst consideraliori 15 given to ways in which additional fvnds may be raised. Structure, governance and management Spectrum Days 15 a Charitable Incorporated Organisalion ICIOI Tegislered in England and Wales. The charity 15 governed by it's constitution adopted on 1 April 2013. The TTuslees who served during the year and up to the date of signature of the finanaal statements were.. Derek Radcliffe Diane Hughes Mark Taylor Helen Kimberley Anna Parker Mary Rees IResign8d 19 December 2024} (Appointed 2 December 20241 (Appointed 9 July 20251 (Appointed 16 June 2025) There is no form81 method of advertising for new Iruslees., any prospective Iru51ee is recruited via word tsf mouth. Prospective trustee5 are invited to meet with other trustees and senior management lo discuss the role and the charity's aims and objective5. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and gu8rantÈÈ lo contribute £1 in the event of a winding up.
SPECTRUM DAYS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iuniled InoM Generally Accepted Accounting Praclicel. The18w applicable lo charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources of the charity for that year. In preparing Ih8se financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently,. observe the methods and prinaples in the Charities SORP- make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have begn tollowed, subied to any material departures disdosed and explained in the financial statements.. and prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charity will continue in operation. The Trustees are spOnble for keeping sufficient accounting records that disclosg with reasonable accuracy at any tirne the financial position of the charity and en8ble them to ensure that the finanaal statements CL)mply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also rèsponsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prentIOn and detection of fraud and other irregLtlarilie5. The Tru5 s, report was approved by the Board of Tru$lee$. Derek Radcliffe Chair Dale.. "LO l oz I ioL6
SPECTRUM DAYS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SPECTRUM DAYS Opinion We have audited the financi81 statemen15 Of Spe¢trutn Days Ilhe 'd)arityl foi tha year ended 30 April 2025 which comprise the slalemenl of financial activities, the balance sheet. the stslemenl of cash flows and notes to the financial statements, including significant accounting poli¢ie5. The financial reporting tramework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandaids. in(Juding Finan¢ial Reporting Standard 102 The Financial Repothng Standard applicable in the UK and RepubliG of Ireland Iunited Kingdom Generally ACpted Accounting PTactice}. In our opinion, the financial slalemenl8-. give a true and fair view ol thè state ol the charity's affairs as at 30 April 2025 and of ils incorning re50urce3 and application of resources. forthe year then ended., have been properly prepared in accordance wlh United Kingdom Generally Accepted Accounb"ng Practi(*-, and have been prepared in accordance with the Charities Act 2011. Ba$1$ for opinion We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our re$ponsibililies under those standards are further described in the Audilorfs re8ponsibilitAes for Ihg audit of th8 finarpcial statements section of our report. We are independent of the charity in accordance with the elhic31 requirements that are relevant to our audrt ol the financial statements in the UK, including the FRG'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audit evidence we havè obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions lating to going concern In auditing the financial stalemenls, we have concluded that the Trustees. use of the going concem basi5 of accounting in the preparation of the financial statements is appropriate. 8ased on the work wè have performed, we haw not idantified any material uncertainiies relating lo events or conditions that, individually or Collectively. rnay ¢asl significant doubt on the charity's ability to continue as a going conrn for a period of al least twefve months from when the financlal slalemenls are aulhorised for issue. Our responsibilf(ies and the responsibilities of the Trustees wllh respect lo going ¢on¢gm are deS{bed in the lgvanl sèctions of thi5 report. other information The other information comprises the information included in the annual report other than the finan¢i81 ststements and our audilorfs report thereon. The Trustees are responsible for the other infomialion contained within the annual report. Our opinion on the financial statements does not cover the other inforniation and we do not express any form of assurance condusion thèrèon. Our responsibility is to read the other information and, in doing so, consider whether the other information is rnaleiially ineonsistènt with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalements. we aTe required to dètermine wh&lher this gives rise to a material misstalement in thè financial slalemenls themselve5. If, based on the work we havè performed, we conclude that there is a maledal misstatement of this other information, we a required lo report that fact. We have nolhlng to report in this regard. Matt•ts on whieh wè are required to report by èxcèption We have nothing to report in respect of the following matters in relation lo which the Charities {Accounls and Rèports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in th& financial statements is inconsistent in any material respect with the Truslee5' report-, or sufficient accounting records have not been kept-, or the financial statements are not in agreement with the accounting records., or WÈ have not received all the inlormalion and explanation5 we require for our audiL
SPECTRUM DAYS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SPECTRUM DAYS Re$ponsibilitlas of TNstees As explained more fvlly in the slaternenl of Trustees. responsibilities. the Trustees are responsible for the preparation of the financial 51alements and for being satisfied that Ihey give a true and fair wew, and for such inlemal control as the Tru51ees determine is neTrssary to enable the preparation of financial statements that are free from material rllisstatemenl, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related Io going concem and using the goin9 concern basis of a¢¢ounttng unless the Trustees either intend to cease operations, 01 have no realistic alternative but to do so. Auditorfs respon$lbilitie$ for the audit of the financial statements We have been appointed as auditor under section 144 of the Charitie5 Act 2011 and report in accordance with the Act and relevant reguI*"ons made or having effect IheTeunder. Our objectives are lo obtain reasonable assurance about whether the ffnancial statements as a whole are free from material misst8lernenl, whether due to fraud or error, and to issue an audrtor's report that includes our opinion. Reasonablè assurance is a high level ol assuran but is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS detect a material misstatement whèn it exi5t5. Mi55tatements carh arise frotn fiaud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to Influence thè economic decisions of usèrs taken on the basi$ of these financial statements. The exienl to whlch our procedures are capable of detecting irregularities. including fraud, is detailed below. Based on our understanding of the charitable company, we identified the principal risks of non-compliance with laws and regulations including those that have a direct impact on the preparation of the financial statements, an inadequate rating following inspections by the Care Quality Commission and the extent to which n0coMpliance might have a material effect on the financial statements. Audit prOdureS perfomied induded discussions with management, review of board meeting minutes, testing ol journals. designing and pérforming audit procèdurès and d)all8nging 8S3UrnPtions and judgements made by management in relation to a¢¢ounlin9 estimates. There are inherent limitations in the audit procedure5 described above. We are less likely lo becorne aware of In51ance5 of non-compliance wltb laws and gUlationS that are not closely related lo events and Irans8Ctions reflected in the financial slalemenls. Also. the risk of not detecting a material mis5talement due lo fraud is higher than the risk of not detecting one resulting from error, as fraud rnay involve deliberate concealment by. for example. forgery or intentional misrepresentations, or through collusion. A further d8s¢riplion of our responsibilities is available on the Financial Reporting Council's website al.. httpsjl WY.fr¢.Qr9.Uk/audIt0rsresponSlblliI1e$. This description forms part of our audiloi's report. Other matters Your attention is drawn to the fact that the charity has prepared financial statements in accordance wth "Accounting and Reporting by Charities.. Stalernent ol Recornrnended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi¢e issued on 1 April 2005 which is referred lo IN the extant regulations bul has now been withdrawn. This has been done in order for the finane4al slalements lo provide a true and fair view in accord8n¢e with current GenerallyAcceptad A¢UtIng Practice.
SPECTRUM DAYS INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF SPECTRUM DAYS Use of our report This report is made solely to the charity's Iruslees, as a body. in accordance wrth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might slate lo the charity's trustees those matters we are required 10 51ale lo Ihern in an auditor'5 report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charty and Ihe charty's trustees as a body, for our audil work, for Ihis report. or for the opinions we have fomied. Colm McGrory FCA {Senlor Statutory Auditorl for and on bèhalf of Ormerod Rutter Limited Chartèrèd Ae¢ountants Statutory Auditor The Oakley Kidderminster Road DrO1leh Worcestershire WR9 9AY
SPECTRUM DAYS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Unrestrlet•d Restrlcted funds funds 2025 2025 Total Unre$tri¢ted R8strlct8d funds funds 2024 2024 Total 202S 2024 Notes Income and endowments from: Donations and legacie5 Charitable activities Investments Other in¢om& 55,226 1,338,667 2,294 4.186 44,502 99,728 1,338,667 2.294 4,186 39.270 1,253,913 351 12.639 41,440 80,710 1.253,913 351 12,639 Total income 1.400,373 44,502 1,444,875 1.306,173 41.440 1.347,613 Expénditure on= Charitable actiwties 1.373,891 29,379 1,403,270 1,240,048 16,235 1,256.283 Totsl eXndItre 1.373.891 29,379 1,403,270 1,240,048 16,235 1,256.283 Net income and movement in funds 26,482 15,123 41,605 66,125 25,205 91.330 Reconciliation of funds: Fund balance5 at 1 May 2024 170,618 29,286 199.904 104,493 4,081 108,574 Fund balancgs at 30 Aprll 2025 197.1 44,409 241.509 170.618 29.286 199,904 The Statement of financial aclivilias indudas all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SPECTRUM DAYS BALANCE SHEET AS AT 30APRIL 2025 2025 2024 Notes Fixed assets Tangib19 assets 14 183.087 158,287 Current assets Debtors Cash at bank and in hand 15 154,411 136,154 165.411 150,133 290.565 315,544 Credltors: amounts falllng due wtthlft one year 17 {108.3211 {98,2771 Net current assets 182,244 217,267 Totsl assets less current Ilabllltles 365,331 375,554 Credltors: amounts falling due after more than one year 18 (123,8221 1175,6501 Net assets 241,509 199,904 The funds of the charfty Reslricled income funds Unrestricted funds 19 20 44,409 197,100 29,288 170,618 241,509 199.904 The financial ststements were approved by the Trustees on ......................... DetEk Radcliffe Chalr 10-
SPECTRUM DAYS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2025 2025 2024 Notes Cash flows from opèrating activities Cash generated from operations 24 87,348 94,658 Investing activltlès Purchase of tangible fixed assets Investment income received 153,8701 2.294 {1,54n 351 Net cash used in investing aetivities 151.576} 11.1961 Finaneing activities Ng1 movement in borrowings 149,7511 122,012) Net ¢a$h u$ed in financing activities 149.751} 122,0121 Net Idecreaseifincrease in cash and cash oquivalents 113.9791 71,450 Cash and cash equivalents al beginrning of year 150.133 78,683 Cash and cash equivalents at end of year 136.154 150,133 11
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Ae¢ounting policies Charity Infomiation Spectrum Days is a Charitatle Incorporated Organisalion ICIOI. registar8d in England and Wales. The registered office is Droitwich Youth House, Old Coach Road, Drothich, Worcestershire. WR9 8BB. The charity is governed by it's constitution adopted on 1 April 2013. 1.1 Accounting eonvention The financial statements hava been prepared in accordance with the charitys conslilution. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland. I'FRS 102,) and the Charities SORP A¢wunling and Reporting by Charities.. Statement of Re¢ommènd8d Practice applicable lo ch3riliès preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021" {$ffeclive 1 January 2019}. The charity is a Public Benefil Entity as defined by FRS 102. The financial statements are Prepared in slerting, which is the functional currtrncy of the charity. Monelary arnounls in these financial statements are rounded lo the nearesl £. The financial $latemenls havts been prepared undèr thè historical cost convention. The principal ac¢ounllng policiès adopleil are sel out bel¢)w. 1.2 Going ¢oncern At the time of appioving the financial statèmènts. thè Trustees have a reasonable expectation that the charity has adequ8le resources lo continue in operational existence lor the foreseeable future. Thus the Trustees continuè lo adopt the going concern basis of accounting In preparing the financial slalemenls. 1.3 Charitable funds Unreslriclod funds are availabl& for use al the di5CTelion of the Trustees in futherance of the¢r charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricled funds are set out in Ihe notes to the financlal statements. Endowment fvnds are subjed lo sperAfic conditions by donors th81 the capital must be maintained by the charity. 1A Income Income is recognised when the charity is lègally èntitled to it after any performance conditions have been meL the amounts can be measured reliably, and il is probable th* income will be received. Cash donaliofts a rowgnised on iècèipt. Othar donations are recognised once the chaTty ha5 been nolifiÈd of the donation. unless perfomiance ndIttOnS require deferral of the amount. Income tax recoverable In lalion to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the d)arity has been notified of an impending dislribulion. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 12-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies (Continuèd) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in sèttlement, and the amoynl of the obligation can be mèasured reliably. "Cost of charitable activilie5' in¢ludès the costs of all employment, operating and property resources directly deployed to achieve the objective5 of the charity. In addition, loan interest is shown separately. All c051s are shown in¢lusive of VAT which is not recoverable. 1.6 Tangiblè fixed a55ets Tangible fixed assets arè initially measured at cost and subsequenlty measured al c051 or valuation. nel of depreciation and any impaimenl losses. Depreciation is recognised so as to write off the cost or valuation of assets le55 their residual values over their useful lives on the following bases.. Fixtures and fittings Cotnputers Motor vehicles Motor vehicle clamps 10%. 20QA on cost 33DA on ¢ost 10%- 25°A on cost 25% on cost The gain or10ss arising on the disposal of an asset is delemlned as the dlfference beeen the sale proceeds and the carrying value of Ihe assel, and is recognised in the slalemenl of financial activities. 11 is the ¢haritys policy lo recognise capllal pur¢hases of above £1.000 within tsngible fixed assets. 1.7 Impairment of fixed assets Al each reporting and datè, th8 charity reviews the carrying arnounts of ils tsngible assets to detertnin8 whether the is any indication that those assets have suffered an impairment loss. If any such Sndi¢alion exists, the recoverable amount of the asset is eslimated in order to deterrnine the exlenl of the impairrnenl loss lif any). 1.8 Cash and ¢a$h ¢quivalents Cash and cash equivalents include cash in hand. deposi15 held at call with banks, other short-lem) liquid investments with original maturities of three months or Jess. and bank overdr8fts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charlty has eFected lo apply the piovisions of Section 11 '8asic Financial Inslrumenls, and Section 12 'Other Financial Instrumen15 Issue$, of FRS 102 to all of Its financial instruments. Financial Instruments are recognised in the charity'5 balance sheet when the charty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net arnoun15 presented in the ffinancial slatemenls. when there is alallY enft>r¢e8ble right lo sèt off the recognised amounls and there is an intention 10 settle on a nel basis or tts realise the asset and setlle the liability simultaneously. 13-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 Ac¢ounting policies (Continued) Basic financialassets Basic financial assets, which include debtors and cash and bank balances, are initially rneasured al Iran5aclion price including transaction costs and arè subsequantly carried at amortised cost using the effective interest method unless the ariangetnenl collsb"lul8s a financing tiansaction. where the transaction is measured at the present value of the futu receipts discounted at a market rate of interest. Finanaal assets classified as re¢eiv8ble within one year are not amortised. Baslc flnancial liabilities Basic financial liabilities, including creditor5 and bank loans are inilialty recognlsed 81 Iransa¢tion prl¢e unless the arrangetnenl conslilules a financing Iransaclion. where the debt instrument 15 rne8sured al the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors ara obligations to pay for goods Or sèrvicès that have bèen acquired in the ordinary course ol operations from suppliers. Arnounls poyable are classified as ¢urrènl liabilities if payment is due within one year or lass. If not, they ale presented as noll-currenl liabilities. Trade ¢redilors ara recognised inibally al transaction price and subsequently measured * amort15ed c051 vsing the effective Inte$t method. D•r•cognition of financial liabilities Financial liabilities are derecognised when the charity's ¢onlra¢tual obligations èxpirè or arè discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is re¢ognised in the period in which tha amployaè's sarvi¢es are received. 1.11 Retlr•ment benefits Payments to defined contribulv)n retirement benefft schemes are charged as an expense as they fall due. Critical accounting •stimat•s and judgémènts In the application of the thaity's accounting policies, the Trusle9s are required to maka judgements, estimates and assurnplions about the Carrying atnounl of assets and liabilities that are not adIlY apparent from other sources. The eslimale5 and as50cialed assumptions are based on hislori¢al experience and other factors that are considered to be relevant. Actual results may differ from these estirnale5. The èstimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the p6riod in which the estimate is revised where the revision affects only that period. or in the period of the vIsion and future periods where the revision affecis both current and future periods. 14-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Income from donations and legacies Unr•strict•d Rèstrictèd nds funds 2025 2025 Total Unr•stricted Restricted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts Grants 22,854 32,372 8.889 35,613 31,743 67,985 5,255 34,015 364 41.076 5.619 75,091 55,226 44.502 99.728 39,270 41,440 80,710 Charltable activities 2025 2024 Client income 1,338,667 1,253,913 Incom• from investments Unrestricted Unrestricted funds funds 2025 2024 Intere31 receniable 2.294 351 other income Unrestricted Unrestrictsd fund$ fvnds 2025 2024 Other incom8 4.186 12,639 15-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Charitable activltlas 2025 2024 Staff costs Depreciation and impairrnenl Operating costs Property costs Loan interest Development ¢osts 1.075,182 29,070 191.852 55.439 9,229 27,069 947,011 24,108 180,278 58.250 10,039 21,142 1,387,841 1,240,828 Share of support costs (see note 8) Share of govem8n(* ())sls Isee note 81 9,342 6,087 10.235 5,220 1,403,270 1,256,283 Analysis by fund Unrestrided funds Restricted funds 1,373,891 1,240,048 29,379 16,235 1,403,270 1,256,283 Support costs allocat to activitiès 2025 2024 Accountancy fees Resonance loan fees Govemance costs 4,792 4.550 6.087 4.785 5,450 S,220 15,429 15.455 Analysed betweon: Charitable aclbvties 15,429 15.455 2025 2024 Govèmanre costs cornprise: Audit fees Me&ting costs 5.725 362 5.160 60 6,087 5.220 16-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Net movement in funds 2025 2024 Nel movement in fvnds is stated after chargingl{credilingl Depreciation of owned tangible fL¥ed assets Operating lease charges Audit fees 29.070 8.(K)9 5.160 24.108 8.009 4.800 10 Trustees None of the Trustees (or any petsons connected wfth them} rgcèived any rgmuneration or benefits frorn the charity during the year. 11 Employees The average monthly numbgr of èmployees during the year was.. 2025 Number 2024 Number 52 49 Employment costs 2025 2024 Wages and salaries Social se¢urily c051$ Other pension costs Olhei staff costs 959.125 65.551 22.351 28.155 848,789 54,925 19,687 23,610 1,075,182 947,011 The number of employees whose annual remuneration was more than £60,000 is as follows". 2025 Number 2024 Numbèr £60,W1- £70,OCK) 12 Key management personnel Key managernenl personnel of the charity mpse of 5 employees 12024.. 51. Total key management remuneration was £246,92012024.. £185,498). This includes a lemlnalion payment of £21,813 rnade lo one person of the key management personnel. 17-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 13 Taxatlon The charity is exempt frorn 18x on income and gain5 falling within section 505 of the Taxe5 Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects. 14 TangSblè fixed assets Flxtures and flttlngs Computers Motor Motor vehicle vehiGle5 clamp5 Total Cost Al 1 May 2024 Additions 7,902 188,556 39,000 4,523 992 200.981 53,869 13,877 AI 30 April 2025 13.877 7,902 227,S56 5.515 254.850 Depreciation and impainnent Al 1 May 2024 DepCiall0n charged in the year 3.388 2.635 38,080 24,490 1,22S 1,317 42,693 29.070 628 Al 30 April 2025 628 6,023 62,570 2.542 71,763 Carrying amount AI 30 April 2025 13,249 1,879 164,986 2,973 183,087 At 30 April 2024 4,514 150,475 3,298 158,287 15 Debtors 2025 2024 Amounts falling due within one year.. Trade debtors other debtors Prepayments and accrued income 109,128 15,366 29,917 122,552 20.001 22,858 154.411 165.411 16 Loans and ov•rdrafts 2026 2024 Other loans Loans from related parties 36,471 134,088 32.104 188.206 170.559 220.310 Payable wllhbn one year Payable after one year 46,737 123,822 44.660 175,650 18
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 APRIL 2025 16 Loans and overdrafts Icontinuedl 17 Cr•ditors= amounts falling duè within one year 2025 2024 Borrowings Trade creditors Other creditors Accruals and dÈferrÈd incomè 46,737 33.195 6.058 22.331 44,660 212 22,510 30,895 108,321 98,277 18 Credlt¢rs: amounts falling due after mor• than oné year 2025 2024 Borrowings 123.822 175,650 19-
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SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 20 Unrestricted funds The unreslrieted fund5 of the charity comprise the unexpended balanees of donations and grants which are not subject lo specific condition5 by donors and grantors as lo how they may bts used. These includo designated funds which have been sel aside out of unrestricted funds by the Iru51ees for specifie purposes. At 1 May 2024 Incoming resources Resources expended At 30 April 2025 General fund$ 170,618 1,400,373 (1,373,691> 197,100 Previous year: At 1 May 2023 Incomlng resourcès Resources 8xpandad At 30 April 2024 General funds 104.493 1,306.173 11,240.0481 170,618 21 Analysis of net assets beoen funds Unr•$tricted funds 2025 Restrlctgd funds 2025 Totsl 2025 At 30 April 202S: Tangible assets Current aS5etsllliabilitie51 Long term liabilitie$ 183.087 137.835 1123.822) 183,087 182.244 (123,822) 44.409 197,100 44,409 241.509 Unr•strtct8d funds 2024 R•strictgd funds 2024 Total 2024 At 30 Aprll 2024: Tangible assets Current a55e151{liabililies} Long term liabilitias 158,287 187,981 1175.6501 158.287 217,267 {175,6501 29,286 170,618 29,286 199,904 -22-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2025 22 Operab'ng lease commllmenls 2025 2024 Mfithin one year Beeen two and five years In over fi yéars 23,456 93,384 289.333 20,864 80,864 278,333 4C6,173 380,Cfj1 23 Rèlat•d party transactions Maggie Allen. tha Chièf Exe¢Jtive Officer of the eharily and her husband. Kaith Allan, a former Trustae, hava made personal loans to the charity. The value outstanding as 8130 April 2025 is £9,399 12024-. £26.4241. Interest has been paid lolalling Z6,008 {2024.. £4,9941 foi the yeai. A personal loan. advariced in 2014, of £10,000 was made by the now deceased Stephen Carter. 8 fomer Trustea and biolher of Maggie Alen. This 15 year loan is beiro repaid lo his eslale at £91 per month and a5 at 30 April 2025, £5.12412024'. £4,317) principal was oulslanding. In June 2024. the charity received £65.267 from The Eveson Trust of which Mark Taylor, a Iruslee during the year until his resignation in December 2024, is a trustee of. 24 Cash g•n•ratsd from operation 2025 2024 Surplus for thè year 41.805 91,330 AdJustments for: Investment income recognised in slalernenl of financial actIlle$ Depreciation and impairmént of tangible fixed assèts 12.2941 29.070 13511 24.108 Movement$ In working capitsl.. Decreasellincreasel in debtors Increase in creditors 11.000 7.967 130.821} 10,392 Cash gen•rat•d from operation$ 87.348 94.658 23-
SPECTRUM DAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 25 Analysis of changes in net Idebtvfunds Al 1 May 2024 ash flows At 30Aprfl 2025 Cash al bank and in hand 150.133 113,9791 136,154 Loans falling due within one year Loans falling due after rnore than one year 144.660) 1175.650) 12,0771 51.828 146,7371 1123.8221 170.17n 35.772 134.4051 -24-