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## **CASCADE CREATIVE RECOVERY**
## **TRUSTEES' ANNUAL REPORT**
**AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022**
**Charity Number: 1154002**
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **Contents**
Page 3 Statement of Financial Activities Page 4 Balance Sheet Pages 5 - 8 Notes to the Financial Statements Page 9 Independent Examiner's Report
Page 2
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2022**
Income and Expenditure Account For the year ending 1 April 2022
|**Notes**
**Incoming Resources:**
Donations, Grants and Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
**Total Incoming Resources**
**Resources Expended:**
Costs of Charitable Activities
**4a**
Costs of Charitable Activities - Restricted
**5**
Governance Costs
**4b**
**Total Resources Expended**
**Net Incoming (Outgoing) Resources**
Funds Brought Forward
**5**
Total Funds Carried Forward|Unrestricted
Funds
Restricted
Funds
**Total 2021/22**
**Total 2020/21**
£
£
£
13,236
-
13,236
32,795
1,200
-
1,200
0
53,750
-
53,750
35,000|
|---|---|
||**68,186**
**-**
**68,186**
**67,795**|
||68,734
-
68,734
65,249
-
885
1,580
-
1,580
1,470|
||**70,314**
**-**
**70,314**
**67,604**|
||(2,128)
-
(2,128)
191
5,297
885
6,182
5,990|
||**3,168**
**885**
**4,053**
**6,182**|
Page 3
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **BALANCE SHEET AS AT 1ST APRIL 2022**
**----- Start of picture text -----**
Unrestricted Restricted
Notes
Funds Funds Total 2021/22 Total 2020/21
£ £ £ £
Fixed Assets
Tangible Assets 7 - - - -
Total Fixed Assets - - - -
Current Assets
Cash at bank and in hand 8 8,788 885 9,673 7,990
Debtors & Prepayments 9 310 - 310 616
Total Current Assets 9,098 885 9,983 8,606
Creditors: Amounts falling due within one year 10 5,930 - 5,930 2,424
Net Assets 3,168 885 4,053 6,182
Funds of the Charity
General funds 11 3,168 - 3,168 5,297
Restricted Funds 5 885 885 885.00
Total Funds 3,168 885 4,053 6,182
Approved by the Trustees on 14 October 2022.
Signed on their behalf by Trustees
**----- End of picture text -----**
Roger Brophy Steve Poole
Page 4
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022**
## **1. Basis of Preparation of the Accounts**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
## **2. Accounting Policies**
## **Incoming Resources**
Recognition of income
These are included in the Statement of Financial Activities
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the
· the monetary value can be measured with sufficient
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated services and facilities
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
## Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **Expenditure and Liabilities**
## Liability recognition Governance and support costs
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Deferred income
No material item of deferred income has been included in the accounts.
## **Assets**
## Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost.
Page 5
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022**
|3. Incoming Resources
a) Donations, Grants and Legacies
Gifts & Donations
Grants
b) Charitable Activities
Café Income
Performance Show
c) Activities for Generating Funds
Room Hire
Contracts - CGL
All income in the prior year was unrestricted
4. Resources Expended
a) Costs of Charitable Activities
Administrative & Office Expenses
Bank Charges
Café Costs
Depreciation Expense
Equipment Costs
Activities & Project Costs
Insurance Costs
Rent & Rates
Repairs & Maintenance
Staff Costs
Other Staff Related Costs
Sundry Expenses
Training Costs
Travel & Subsistence
Covid Welfare Funds Provided
Use of Home as Office
b) Governance Costs
Independent Examiners Fees
Legal & Professional Fees|2021/22
2020/21
Unrestricted
Unrestricted
£
£
3,636
925
9,600
31,870|
|---|---|
||13,236
32,795|
||-
-
1,200
-|
||1,200
-|
||-
53,750
35,000|
||53,750
35,000|
||2021/22
2020/21
Unrestricted
Unrestricted
£
£
5,800
4,730
96
69
129
1,919
-
-
360
3,380
8,808
7,757
855
830
12,289
10,808
-
59
37,804
32,231
945
185
141
-
850
1,151
1,410
-
370
312
694|
||68,734
65,249|
||600
1,580
870|
||1,580
1,470|
Page 6
**CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022 (continued)**
5. Restricted Funds
|Recovery Walk Fund:
Balance b/f
Income
Expenditure
Balance c/f|2021/22
2020/21
£
885
885
-
-
-
-|
|---|---|
||885
885|
6. Fees paid for Accountancy work The trustees appointed Acorn Financial Solutions Limited to carry out an independent examination of the accounts and records of the charity. The fee for this work is £600.
7. Fixed Assets
|7. Fixed Assets||
|---|---|
|Cost:
Balance brought forward
Additions
Disposals
Depreciation:
Balance brought forward
Charge in the year
Disposals
Net Book Value
As at 1 April 2022|Fixtures &
Fittings
Equipment
Cost
Total
£
£
£
1,803
2,457
4,260
-
-
-
-
-
-|
||1,803
2,457
4,260|
||1,803
2,457
4,260
-
-
-
-
-|
||1,803
2,457
4,260|
|||
||-
-
-|
Page 7
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022 (continued)**
## 8. Cash at bank and in hand
All funds are held in current bank accounts and are within the secured balance threshold as advised by the Financial Services Authority (FSA) for the UK.
## 9. Debtors & Prepayments
**----- Start of picture text -----**
£
Staff Loan 310
310
The staff loan has been agreed to be repaid in instalments.
10. Liabilities: Amounts falling due within one year
£
PAYE 4,841
Accrued Expense 250
5,091
11. General Funds
All monies included in the general funds are available for all charitable activities.
12. Staff Costs
2021/22 2020/21
£ £
Gross Wages and Salaries 37,804 32,231
Employees who were engaged in each of the following activities: 2021/22 2020/21
Activities in furtherance of organisation's objects 3 3
**----- End of picture text -----**
The Charity operates a PAYE scheme to pay all employed staff members and no employees have received emoluments in excess of £60,000.
## 13. Trustees and Other Related Parties
Only one officer received remuneration for their work which is in the capacity of a salaried staff post as Operations Manager, managing the building of the coffee shop in a leased shop. Costs expensed in travelling to and from meetings and in providing subsistence during these meetings were reimbursed at cost only to the same salaried staff member.
The Trustees standing at the time of the Annual General Meeting are:
Janet Margaret Going Mx Felicity Griffin Roger Brophy Steve Poole Tracy Stone
Of the above trustees, all have given their time on a voluntary basis and are not in receipt of any remuneration for their services.
Page 8
**CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **INDEPENDENT EXAMINER'S REPORT**
Independent Examiners Report This report is to the Trustees and members of Cascade Creative Recovery (Charity Number 1154002) and covers accounts prepared in the year ending 1 April 2022.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention.
Basis of Independent Examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity. As this is the first operating year there are no comparisons to be reviewed. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement In connection with my examination, no matter has come to my attention (other than that disclosed below):
- (1) which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Miss D. Norris, ACA Director Acorn Financial Solutions Limited, 99 Brentwood Road, Brighton BN1 7ET
Page 9
## **CASCADE CREATIVE RECOVERY**
## **TRUSTEES' ANNUAL REPORT**
**AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2022**
**Charity Number: 1154002**
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **Contents**
Page 3 Statement of Financial Activities Page 4 Balance Sheet Pages 5 - 8 Notes to the Financial Statements Page 9 Independent Examiner's Report
Page 2
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2022**
Income and Expenditure Account For the year ending 1 April 2022
|**Notes**
**Incoming Resources:**
Donations, Grants and Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
**Total Incoming Resources**
**Resources Expended:**
Costs of Charitable Activities
**4a**
Costs of Charitable Activities - Restricted
**5**
Governance Costs
**4b**
**Total Resources Expended**
**Net Incoming (Outgoing) Resources**
Funds Brought Forward
**5**
Total Funds Carried Forward|Unrestricted
Funds
Restricted
Funds
**Total 2021/22**
**Total 2020/21**
£
£
£
13,236
-
13,236
32,795
1,200
-
1,200
0
53,750
-
53,750
35,000|
|---|---|
||**68,186**
**-**
**68,186**
**67,795**|
||68,734
-
68,734
65,249
-
885
1,580
-
1,580
1,470|
||**70,314**
**-**
**70,314**
**67,604**|
||(2,128)
-
(2,128)
191
5,297
885
6,182
5,990|
||**3,168**
**885**
**4,053**
**6,182**|
Page 3
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **BALANCE SHEET AS AT 1ST APRIL 2022**
**----- Start of picture text -----**
Unrestricted Restricted
Notes
Funds Funds Total 2021/22 Total 2020/21
£ £ £ £
Fixed Assets
Tangible Assets 7 - - - -
Total Fixed Assets - - - -
Current Assets
Cash at bank and in hand 8 8,788 885 9,673 7,990
Debtors & Prepayments 9 310 - 310 616
Total Current Assets 9,098 885 9,983 8,606
Creditors: Amounts falling due within one year 10 5,930 - 5,930 2,424
Net Assets 3,168 885 4,053 6,182
Funds of the Charity
General funds 11 3,168 - 3,168 5,297
Restricted Funds 5 885 885 885.00
Total Funds 3,168 885 4,053 6,182
Approved by the Trustees on 14 October 2022.
Signed on their behalf by Trustees
**----- End of picture text -----**
Roger Brophy Steve Poole
Page 4
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022**
## **1. Basis of Preparation of the Accounts**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
## **2. Accounting Policies**
## **Incoming Resources**
Recognition of income
These are included in the Statement of Financial Activities
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the
· the monetary value can be measured with sufficient
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated services and facilities
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
## Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **Expenditure and Liabilities**
## Liability recognition Governance and support costs
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Deferred income
No material item of deferred income has been included in the accounts.
## **Assets**
## Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost.
Page 5
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022**
|3. Incoming Resources
a) Donations, Grants and Legacies
Gifts & Donations
Grants
b) Charitable Activities
Café Income
Performance Show
c) Activities for Generating Funds
Room Hire
Contracts - CGL
All income in the prior year was unrestricted
4. Resources Expended
a) Costs of Charitable Activities
Administrative & Office Expenses
Bank Charges
Café Costs
Depreciation Expense
Equipment Costs
Activities & Project Costs
Insurance Costs
Rent & Rates
Repairs & Maintenance
Staff Costs
Other Staff Related Costs
Sundry Expenses
Training Costs
Travel & Subsistence
Covid Welfare Funds Provided
Use of Home as Office
b) Governance Costs
Independent Examiners Fees
Legal & Professional Fees|2021/22
2020/21
Unrestricted
Unrestricted
£
£
3,636
925
9,600
31,870|
|---|---|
||13,236
32,795|
||-
-
1,200
-|
||1,200
-|
||-
53,750
35,000|
||53,750
35,000|
||2021/22
2020/21
Unrestricted
Unrestricted
£
£
5,800
4,730
96
69
129
1,919
-
-
360
3,380
8,808
7,757
855
830
12,289
10,808
-
59
37,804
32,231
945
185
141
-
850
1,151
1,410
-
370
312
694|
||68,734
65,249|
||600
1,580
870|
||1,580
1,470|
Page 6
**CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022 (continued)**
5. Restricted Funds
|Recovery Walk Fund:
Balance b/f
Income
Expenditure
Balance c/f|2021/22
2020/21
£
885
885
-
-
-
-|
|---|---|
||885
885|
6. Fees paid for Accountancy work The trustees appointed Acorn Financial Solutions Limited to carry out an independent examination of the accounts and records of the charity. The fee for this work is £600.
7. Fixed Assets
|7. Fixed Assets||
|---|---|
|Cost:
Balance brought forward
Additions
Disposals
Depreciation:
Balance brought forward
Charge in the year
Disposals
Net Book Value
As at 1 April 2022|Fixtures &
Fittings
Equipment
Cost
Total
£
£
£
1,803
2,457
4,260
-
-
-
-
-
-|
||1,803
2,457
4,260|
||1,803
2,457
4,260
-
-
-
-
-|
||1,803
2,457
4,260|
|||
||-
-
-|
Page 7
## **CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1ST APRIL 2022 (continued)**
## 8. Cash at bank and in hand
All funds are held in current bank accounts and are within the secured balance threshold as advised by the Financial Services Authority (FSA) for the UK.
## 9. Debtors & Prepayments
**----- Start of picture text -----**
£
Staff Loan 310
310
The staff loan has been agreed to be repaid in instalments.
10. Liabilities: Amounts falling due within one year
£
PAYE 4,841
Accrued Expense 250
5,091
11. General Funds
All monies included in the general funds are available for all charitable activities.
12. Staff Costs
2021/22 2020/21
£ £
Gross Wages and Salaries 37,804 32,231
Employees who were engaged in each of the following activities: 2021/22 2020/21
Activities in furtherance of organisation's objects 3 3
**----- End of picture text -----**
The Charity operates a PAYE scheme to pay all employed staff members and no employees have received emoluments in excess of £60,000.
## 13. Trustees and Other Related Parties
Only one officer received remuneration for their work which is in the capacity of a salaried staff post as Operations Manager, managing the building of the coffee shop in a leased shop. Costs expensed in travelling to and from meetings and in providing subsistence during these meetings were reimbursed at cost only to the same salaried staff member.
The Trustees standing at the time of the Annual General Meeting are:
Janet Margaret Going Mx Felicity Griffin Roger Brophy Steve Poole Tracy Stone
Of the above trustees, all have given their time on a voluntary basis and are not in receipt of any remuneration for their services.
Page 8
**CASCADE CREATIVE RECOVERY Charity Number: 1154002**
## **INDEPENDENT EXAMINER'S REPORT**
Independent Examiners Report This report is to the Trustees and members of Cascade Creative Recovery (Charity Number 1154002) and covers accounts prepared in the year ending 1 April 2022.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention.
Basis of Independent Examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity. As this is the first operating year there are no comparisons to be reviewed. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement In connection with my examination, no matter has come to my attention (other than that disclosed below):
- (1) which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Miss D. Norris, ACA Director Acorn Financial Solutions Limited, 99 Brentwood Road, Brighton BN1 7ET
Page 9