REGISTERED CHARITY NUMBER: 1153703
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
EMPOWERED PEOPLE
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
EMPOWERED PEOPLE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
EMPOWERED PEOPLE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES
TRUSTEES D S Lord T. Robinson Dr G J Sherwood (deceased 14.11.22) N R Perry C J Brookman PRINCIPAL ADDRESS No 4 The Court Yard Hollins Mill Hollins Road Walsden West Yorkshire OL14 6BJ REGISTERED CHARITY NUMBER 1153703 INDEPENDENT EXAMINER Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
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EMPOWERED PEOPLE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's principal objectives as set out in its constitution are :
-
to protect and promote the good mental and physical health of the general public through the promotion of educational activities, primarily but not exclusively for those who suffer from diagnosed medical conditions by whatever charitable means the executive committee think fit.
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to provide facilities in the interests of social welfare for recreation and leisure time occupation for
those who have need by reason of their youth age, disability, social or economic circumstances with the object of improving the conditions of life for the said beneficiaries.
Public benefit
When planning the activities for the year, the trustees have considered the commissions guidance on public benefit and in particular the trustees have considered how planned activities will contribute to the aims and objectives they have set.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
EMpowered people has become a recognised charity with its unique approach to helping and supporting adults with a disability, who have a desire to either discover or re-engage with the fantastic health benefits that adapted cycling can offer.
From the inception of the charity in April 2013, EMpowered people has grown through the activities of our Taster Days, Social Rides, Fully Supported distance rides, and involvement with the public through exhibitions, media coverage, and presentations.
During 2022 we were able to resume a degree of normality with our activities as the effects of Covid19 faded. The charity recorded a surplus of £1,622 (including restricted funds) compared to a deficit of £8,779 in 2021.
The charity ran three fully supported events in 2022 in Gwynedd North Wales, in the Fylde of Lancashire and a three-day event from Oban to Nairn in Scotland via the Great Glen. Local social rides were also undertaken, and the charity launched an appeal towards the end of the year to raise funds to replace the lead bikes for our 'bike trains'.
The charity has also continued to adapt bikes to meet the needs of our beneficiaries as their existing conditions have evolved.
We are pleased to have been able to help people either take up/ or resume cycling . activities during the course the year.
The Trustees would like to express their thanks and appreciation to all those helpers who gave, and continue to give, their unstinted support to the charity and to those individuals and organisations who generously provided financial support during the year.
The charities main aim is to give a disabled person the ability to either discover or re-engage with the fabulous freedom and health benefits that cycling can give.
Medical proof shows that an active person will maintain a greater independence and a healthier life style. Our belief is that this is crucial for mobility impaired people. Non impact exercise such as cycling, coupled with the correct assistance, training and equipment, will improve a person's health and well-being.
From the start of the charity it has always been the intention to help and support adults with a disability, and through the life of the charity, we have seen it develop into a much more powerful organisation, not only providing help and support for the EMpowered riders but benefiting their family and their friends.
Empowering someone to achieve incredible results has a tremendous effect on that person and creates a very positive message within their family and community of just what they can accomplish
Oxford Dictionary definition of EMpowered People:
- Make (someone) stronger and more confident, especially in controlling their life and claiming their rights.
FINANCIAL REVIEW
Investment policy and objectives
The trustees have considered the most appropriate policy for investing funds and consider that a bank deposit account serve the needs of the charity.
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EMPOWERED PEOPLE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Reserves policy
It is the intention of the trustees to achieve a balance of free reserves equivalent to 12 months core costs. At the year end the free reserves were £14,365 which was in line with the policy.
FUTURE PLANS
The charity will organise regular taster days, social rides and fully supported longer rides.
The charity will continue to adapt and modify its own and disabled riders' bikes to meet the evolving needs of those we help.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The charity operations are conducted by the trustees.
Approved by order of the board of trustees on 10 May 2023 and signed on its behalf by:
D S Lord - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMPOWERED PEOPLE
Independent examiner's report to the trustees of Empowered People
I report to the charity trustees on my examination of the accounts of Empowered People (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Patricia Richards FCA,DChA
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
10 May 2023
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EMPOWERED PEOPLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 15,132 | 7,608 | 22,740 | 3,976 | |
| Other trading activities | 2 | 21,887 | - | 21,887 | 10,901 |
| Total | 37,019 | 7,608 | 44,627 | 14,877 | |
| EXPENDITURE ON | |||||
| Charitable activities | 3 | ||||
| Charitable activities | 38,350 | 4,655 | 43,005 | 23,656 | |
| NET INCOME/(EXPENDITURE) | (1,331) | 2,953 | 1,622 | (8,779) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 17,509 | 1,680 | 19,189 | 27,968 | |
| TOTAL FUNDS CARRIED FORWARD | 16,178 | 4,633 | 20,811 | 19,189 |
The notes form part of these financial statements
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EMPOWERED PEOPLE
BALANCE SHEET 31 DECEMBER 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 1,813 - CURRENT ASSETS Stocks 8 378 - Debtors 9 1,243 - Cash at bank and in hand 18,554 4,633 20,175 4,633 CREDITORS Amounts falling due within one year 10 (5,810) - NET CURRENT ASSETS 14,365 4,633 TOTAL ASSETS LESS CURRENT LIABILITIES 16,178 4,633 NET ASSETS 16,178 4,633 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 1,813 378 1,243 23,187 24,808 (5,810) 18,998 20,811 20,811 16,178 4,633 20,811 |
2021 Total funds £ 1,547 817 1,714 27,488 30,019 (12,377) 17,642 19,189 19,189 17,509 1,680 19,189 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 May 2023 and were signed on its behalf by:
D S Lord - Trustee
The notes form part of these financial statements
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EMPOWERED PEOPLE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost Motor vehicles - 20% on cost Computer equipment - 33% on cost
The Charity has a policy where by beneficiaries can apply to purchase an adapted bike. The selling price can be below market value as the trustees take into account the needs of the beneficiary. Where a bike is sold below market value there is retention of title and the bike must be offered for sale back to the Charity at an agreed price once it is no longer required by the beneficiary.
The accounts do not include any provision for the re purchase of bikes as the timescale is unknown and there is no obligation on the Charity to actually make the purchase
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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EMPOWERED PEOPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. OTHER TRADING ACTIVITIES
| 2022 £ Organised rides 20,013 Other income 1,874 Sponsorships - 21,887 3. CHARITABLE ACTIVITIES COSTS Direct Costs (see Support note 4) costs £ £ Charitable activities 42,201 804 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2022 £ Rent of unit. 6,000 Insurance 1,129 Telephone and broadband 304 Printing, stationery and post age 271 Sundry expenses 109 Repairs and bike maintenance 2,255 Organised ride costs 19,116 Welfare vehicle costs 6,898 Clothing 2,615 Cost of adapted bikes sold 138 Hub expenses 72 Abortive costs re new hub site 2,000 Depreciation 1,294 42,201 |
2021 £ 8,698 1,553 650 |
|---|---|
| 10,901 | |
| Totals £ 43,005 |
|
| 2021 £ 4,600 802 516 576 532 3,913 7,809 2,565 411 - 376 - 776 |
|
| 22,876 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
The trustees made a number of purchases on behalf of the charity during the period and were reimbursed. These are not considered to be trustee expenses. The trustees were reimbursed expenses of £2,609 which included £1,560 reimbursed for the purchase of a bike on behalf of the charity. (2021 - £990).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,976 - Other trading activities 10,901 - Total 14,877 - EXPENDITURE ON Charitable activities Charitable activities 23,656 - |
Total funds £ 3,976 10,901 |
|---|---|
| 14,877 | |
| 23,656 |
continued...
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EMPOWERED PEOPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ NET INCOME/(EXPENDITURE) (8,779) - RECONCILIATION OF FUNDS Total funds brought forward 26,288 1,680 TOTAL FUNDS CARRIED FORWARD 17,509 1,680 7. TANGIBLE FIXED ASSETS Plant and Motor Computer machinery vehicles equipment £ £ £ COST At 1 January 2022 31,850 15,202 200 Additions 1,560 - - At 31 December 2022 33,410 15,202 200 DEPRECIATION At 1 January 2022 30,303 15,202 200 Charge for year 1,294 - - At 31 December 2022 31,597 15,202 200 NET BOOK VALUE At 31 December 2022 1,813 - - At 31 December 2021 1,547 - - 8. STOCKS 2022 £ Stocks 378 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Prepayments and accrued income 1,243 |
Total funds £ (8,779) 27,968 19,189 Totals £ 47,252 1,560 48,812 45,705 1,294 46,999 1,813 1,547 2021 £ 817 2021 £ 1,714 |
|---|---|
continued...
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EMPOWERED PEOPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 5,810 | 12,377 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.22 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 17,509 | (1,331) | 16,178 | |
| Restricted funds | ||||
| Bruce Wake Grant (2) | 1,680 | - | 1,680 | |
| Pilot Bikes | - | 2,953 | 2,953 | |
| 1,680 | 2,953 | 4,633 | ||
| TOTAL FUNDS | 19,189 | 1,622 | 20,811 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 37,019 | (38,350) | (1,331) | |
| Restricted funds | ||||
| Todmorden Council | 155 | (155) | - | |
| Community Foundation For Calderdale | 3,500 | (3,500) | - | |
| Pilot Bikes | 2,953 | - | 2,953 | |
| St George Martin Trust | 1,000 | (1,000) | - | |
| 7,608 | (4,655) | 2,953 | ||
| TOTAL FUNDS | 44,627 | (43,005) | 1,622 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 26,288 | (8,779) | 17,509 | |
| Restricted funds | ||||
| Bruce Wake Grant (2) | 1,680 | - | 1,680 | |
| TOTAL FUNDS | 27,968 | (8,779) | 19,189 |
continued...
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EMPOWERED PEOPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,877 | (23,656) | (8,779) |
| TOTAL FUNDS | 14,877 | (23,656) | (8,779) |
Bruce Wake Grant (2)
A grant was awarded to be used for the purchase of adapted bikes. At the year end there was a balance of £1,680 unspent.
Community Foundation for Calderdale
The grant was received as a contribution towards rent for 10 months expiring 31 March 2023.
Pilot Bikes
Donations made during the year specifically towards funding five new pilot bikes have been included in a restricted fund.
St George Martin Trust
The grant was received to support the rent on "The Hub" workshop for two months and was fully utilised during the year.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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