Dare To Dream Trust Wales Annual Report for 2019-2020 1 | P a g e ## **Index** Page 3. Reference & administrative details Page 4. Chair’s Report Page 5. Financial Report Page 6. Plan for 2020 / 2021 2 | P a g e ## **Reference & Administrative Details** Name. Dare To Dream Trust Wales Status. Dare To Dream Trust Wales is a Charitable Incorporated Organisation Charity Registration Number. 1157279 Principal Office and Registered Hugh James, Two Central Square, Cardiff, Address. CF10 1FS Website. www.dare2dream.org.uk Trustees. David Jones (Chair) Jackie Jones (Vice Chair) Ryan Jones Roger Harry Hayley Parsons Glyn Jones (resigned 29/09/2020) Kathryn Jones Maria Young Rachel McKay Alun Jones Treasurer. Auditor. Bankers. Barclays Bank plc, 5 St James St, Narberth SA67 7BY Financial. LHP Accountants Legal. Hugh James Solicitors 3 | P a g e ## **Chair’s Introduction** ## **For the year ended 30[th] November 2020** It gives me great pleasure to introduce the charity’s Trustees’ Annual Report, which sets out, for our supporters and the general public, what we have achieved in the past twelve months and our future plans. 2019 – 2020 has been a year that none of us will forget. The pandemic hit us and it was clear our fundraising plans would be interrupted. Despite this we ended the year on a high. Our very own trustee, Ryan Jones took on one of his toughest challenges yet, the “November Beast”. Ryan along with Geraint one of our supporters we are proud to call family here at Dare to Dream Trust Wales, completed the challenge raising awareness of our charity in this very difficult year. Our amazing supporters both old and new put their hands deep into their pockets when we asked for support, and we thank you from the bottom of our hearts. The Trust works tirelessly to affect great change on lives throughout Wales and beyond in many ways. Our fundraising efforts serve to greatly enhance the lives of youngsters who face daily, life-limiting challenges. Our Trustees and participants in general represent a collaboration of like-minded individuals; united in their shared gratitude for the blessing of health and wellbeing, and their commitment to raising the life experiences of those less fortunate. As a result, we were able to further extend our support and charitable work and thus far have been able to support every request made to the Trust of which we find to be suitable to the criteria that we adhere to. Finally, my sincere thanks need to go to our board of trustees. Your time and effort does not go unappreciated and without the drive of the board the work of the Trust would not be possible. David Jones, Chair of Trustees 30[th] November 2020 4 | P a g e ## **Financial Report** In 2019-2020, we have achieved an income of £3,863. Below shows a breakdown of where this income has come from and the expenditure already made: |
**Incoming Resources**
Individual Donations
Fund raising
**Total**
**Charitable Activities**
Various Individual
Beneficiary Grants
Noah’s Ark Children’s
Hospital
**Total resources expended**|**2020**
1,120
2,743| |---|---| ||**3,863**| ||6,621
16,050| ||**22,671**| 5 | P a g e **– The Plan 2021** In 2021, we hope to further expand the awareness of the Trust which should hopefully allow us to continue with the support we’ve already achieved but also expand on our external fund-raising efforts. This should be achieved through a variety of elements: ## **Traditional Media Coverage / Social Media** We will strive to gain media support which will not only help gain awareness to increase the number of donation requests achieved but also increase the support our Trust receives and funds raised. ## **Patrons / Ambassadors** We will look to expand on our tier of Patron’s / Ambassador’s which will further strengthen the Trust’s structure and further promote its work. ## **Merchandise** Merchandise should be sourced and introduced in order to further advertise and gain awareness of the Trust. ## **Events** We hope to expand on the events the Trust is involved with, both directly organised by the Trust and external collaborations. 6 | P a g e Registered Charity Number 1157279 Dare To Dream Trust Wales (Charitable Incorporated Organisation) Report and Accounts 30 November 2020 Dare To Dream Trust Wales Independent èxaminer's ' review report to the trustees of Dare To Dream Trust Wales for the year ended 30 Novomber 2020 We report on the accounts of Dare To Dream Trusl W21es for the year ended 30 November 2020, which cornprise the Statement of Financial Activities, Income Expenditure Account, the Balance Sheet and the related notes This report is made solely to the Charity's B081d of Trustee5. a5 a body, in accordance with the terms of our assignment. Our work has been undertaken so that we might compile the accounts that wé have been engaged lo compile, ￿port to the Charitls Board of Trugtees that we have done 80. and to stste those tn8tte15 we have agreed with thern in this report and lor no other purpose. To thè fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the Charity and the Charivs Board of Trusfres as a body for our work, 01 lorthis report. RespBctive responsibilities of trustees and examlner The charity's trustees are responsible lor the preparation of the accounts. The charivs Iruslees consider that an audit is not required for ihis year under sèetion 144 of the Charities Act 2011 and that an independent examin8h.on is needed. Having satisfied myself that IhE charity is not subject to an audic under Part 18 01 the Comp8ni8s A¢1 2006 cotnpany law and is èligible lor independent examination. it is my responsibility to.. examine the accounts under section 145 of the ChatEtles Act 2011 b follow the procedures laid down in the General DÈrections given by the Charty Cornmission under section 14515lb of the Charities Act 2011., and to state whether particular tnstters have come lo my attentio Basis of independent examlnatlon My ex8minatiDn was carried out in accordance with General DirectiDns given by the Charity Commission. An examinab.on includes a review of accounting records kept by the charity and 8 comparison of the accounts as presentod to those records It also includes consideration ol any unusual ilerns OT disclosures in th8 ac¢ounts. and the seeking ol explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requirèd for an audit and, consequenuy. no opinion is given as to whether the accounts present a true and fair vieMI' and the report is limited to those matters Set out in the statement below. We have undertaken the examination in accordance with the requirements of APB Ethical Standards inGluding APB Ethical Standard- Provisions available lor Srnaller EntiLè$ Indeppndent examiner'5 Statement In connoction with my review, I confirm that no matters have come to my attention in Connection wth the review giving rne cause lo beliève.. accounting ￿00rdS w8re not kept in respect of the company a5 required by Section 386 of the 2006 Act., or the accounts do not accord w((h thos¢ accokjnting records., or the aGcounts do not cornply with the accounting requirements of section 01 the 2006 Act other than any requirernent that the awounls gwe 8 'ltue and fai¢, view which is not a matter Considered as part of an Independent examination., or the accounts have not been prepared in accordancè wrth the methods and principles of the st8tement ol Recommended Practi￿ for accounting and reporting by oh¥rib"es lapplicable to Gharilies preparing their accounts In awordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 section 1 al. I have no conc¢ms and have corne across no other matters in connection with the examillation to which 8ttention should be drawn in this report in order to enable a propel understanding of the counts to be reached. NDA CUN ACCA FMAAT LHP Chartered Accountant5 8rclays Bank Chambers 18 High Street Tenby Pefflbrokeshire SATO 7HD Dare To Dream Trust Wales Statement of Financial Activities forthe period from 1 December 2019 to 30 November 2020 restn¢ted Funds Restrlcted Funds Incoming Resources Incoming resOu￿S from generated funds Volunta income Donations Activities for Fund raising Investment IncoMe'.- Interest receivable Note 2020 2019 1,120 1,120 12,436 ener2tin funds:. 2,743 2,743 TOTAL INCOMING RESOURCES 3,863 3,e63 12,436 Resources Expended Grantmaking activities Grants payable Other direGt costs 22,671 22,671 90,123 22,671 22,671 90,123 Govemance costs Bank charges TOTAL RESOURCES EXPENDED 22,671 22,671 90,123 Not Outgoing Resource8 beforgTransfers 118,8081 118,8081 177,6871 Transfers be￿￿en funds Ngt Movement in Funds 18,808 {18,808 77,6871 Reconeiliation of Funds Total Funds brought fopNard 123,358 123,358 Total Funds carried forward 104,550 104,550 177,6871 Dare To Dream Trust Wales Balance Sheet as at 30 November 2020 Registered Charity Nurnber 1157279 Notes 2020 2019 Current assets Debtor5 Cash at bank and in hand Total cunEnt assets 1,198 105,145 1(b,343 2,105 122,403 124,508 Creditor5- amounts falling due within one year 11,7931 11,1501 Net current assots 104,550 123,358 Net assets 104,550 123,358 The funds of the charlty unrestr.icted Income funds 104,550 123,358 Total charity funds 104,550 123,358 The notès al pages 3 to 6 form part of these accounts. The members are satisfied that the charitable company is entitled to exemption from an audit under section 477 of the Companies Act 2006. The members have not required the charitablè company to obtain an audit of its accounts in accordance with section 476 of the Act. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to aGcounting records and the preparation of the accounts. Approved by the Trustees on . and signed on their behalf by.. Mr D H Jones Chair Dare To Dream Trust Wales Notes to the Accounts for the year ended 30 NoveTnber 2020 l Accounting policies AcGtsunting conventlon The accounts have been prepared under the historical CDSt convention with items recognised at cost or transaction value unless otherwlse stated in the relevant notelsl lo these 8¢counts. The accounts are prepared in accordance with Statement of Recommended Practi￿., AcGDUnting and Reporting by Charities preparing their a¢eounts in amordan¢e with the Financial Reporting Stsnd3rd applicablè in the UK and Republic of Ireland IFRS 102 Section lal issued on 16 July 2014 and the Charities Act 2011. The Trustees consider that there are no material uncertaintitts regarding the Charity's ability to conlinLJe as a going conttèrn, and the accoynts are prepared on this basis. Fund structure Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtheranee of the charitable objects. ReslNcled funds are funds which are lo be used in accorcIan￿ wrf(h specrfic restrictions imposed by the donor or trust deed. Further details of èach fund are disc105ed in the notes lo accounts. Income recognition All income is re¢ognised once the ¢harity has entitlement to the inGome, there is sufficient certainty or receipt and so it is probable that the income wll be received, and the amount of income receivablè can be rnessured reliably. Donations are ￿Cognised when they have been communicated as received in wrrting with notification of both the amount and setilemenl datè. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds. the income is deferred and not recognised until either those GDndilions are fully met, or the fuifilment of the those conditions is wholly within the control of the charity and il is probable that those CDndilions will be fulfilled in the repo￿ng period. Expendlturn recognltlon Liabilities are recogni5ed as expenditure as soon as there is a 18gal or constructive obligation committing the charity to that expenditure, il is probable that settlement will be required and the amount of the obligation can bé measured reliably. All expenditure is accounted for on an 8¢cruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. For more information on this allocation refer to note 4 below. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. Prowsions ft)r grants are made when the intention to make a grant has been communicated to the recipient but there is un¢ertainty as to the timing of the grxnt or the amount of grant payable. Allocation of support and govemance Costs Support costs have been differentiated between governance costs and other support costs. Govem8nce costs ￿MpriSe all costs involving the public accountability of the charity and ils compliance with regulation and good practice. These costs include Gosts related to independent examination and legal fees with an apportionment of overhead and support costs relating to trustee Board meetings. The allo¢ats'on of support and governance w5ts in analysed in note 4. Dare To Dream Trust Wales Notes to the Accounts for the year ended 30 November 2020 2 Incoming rèsources 2020 Gener31 Fund5 2019 General Funds Vc>lunta Incorne Donations- Individuals Donations - Organisalions 50 1,070 1,120 12,436 12,436 Activities for eneralin funds'.- Ryan & Geraint November Challenge 2,743 2,743 Restricted Funds Restricted Funds 3 Analysis of Grants 2020 20q9 Un- restricted Funds Un-restricted Funds Durin the ear th Trust aid Grants to the followin charities from Noah's Ark Children's Hospital 16,050 Durin the yearthe Trust urchased e Wheel chair donation WRU Various Individual Beneficiary Grants ui ment for individuals 26,503 27,870 35,750 90,123 6,621 22,671 Total Dare To Dream Trust Wales Notes to the Accounts for the year ended 30 November 2020 4 Support & Governance Costs Plas Hyfryd Hotel Limited (a Connected company) has committed to covering all the expenses and overheads of the Trust. Taxation The company is a registered charity and as suGh is exempt from Corporation Tax. 6 Analysis of current assèts 2020 2019 Cash 81 bank Other debtors IKindlinkl 105,145 1,198 10S,343 122,403 2,105 124,508 Cash al bank balances were all un-restricted funds. 7 CrÈdltors.' amounts falling dug within on• yèar 2020 2019 other credrftors 1,793 1,150 8 General Funds Re$erve$ 2020 Al 1 December 2019 Incoming Resources Grants payable 123,358 3.863 122.6711 At 30 November 2020 104,550 9 Trustees The Iiustees during the year were . MrA Jones Mrs J Jones Miss K Jones MrR JDnes Mrs H Parsons Mr D Jtsnes Mr G Jonès (resigned 29109120201 Mrs M Young Mrs R Young Mr R Harry 10 Trustees Rem4Jneration and Expen$è$ During the year neitheF the Trustees nor any persons Gonnecled with them have received any remuneration or expenses pai¢f from the Tiust. Dare To Dream Trustwales Notes to the Accounts for the year ended 30 November 2020 11 Analysls of charitsblè funds Analysis of fund movem&nls Balanco Bl￿d Incorne Expanditure Clfwd Unrestricted fvnds 123,358 3.863 (22,6711 104,550 123,358 3,863 (22,671 104,550 The unrestricted funds are available to be spent for any of thè purposes of the charity. 12 Related party transactions 2020 2019 Plas Hyfryd Country Hotel Ltd ConneGled Company (some shared directors are Iruslees) The Company ha$ commrtted its support to the Charty by Covering all the expenses and overheads of the Trust. 180 13 Non.Independ8nt examinatlon seNices In common wth many other organisations of our size and nature we use our independent examinators to a5SlSt with the preparation of the statutory accounts. 14 Othèr Information Tra￿ lo Dream Tmst Wales is a Charitsble Incorporated Organisation and is incorporated in England and Wales. Its registered office is.. Hugh James Two Central Squa Cardiff CF10 1FS Dare To Dream Trust Wales Income and Expenditure Account for the year ended 30 November 2020 Notes 2020 2019 Incoming resourees 3,863 12,436 Total expenditure (22,6711 190,1231 118,8Q8) 177,6871 Administrative expenses 1151 Net outgolng rosources 118,8081 (TI,7021 Outgolng resources before taxation 118,8081 177,702) Tax on loss on ordinary acb"vities Outgoing resources for the financial year 18,808 77,702 Dare To Dream Trust Wales Detailed profit and loss account for the year ended 30 November 2020 2020 2019 Sales 3,863 12,436 Cost of sales 122,6711 190,1231 Gmss loss 118,8081 (77,6871 Adminislralive expenses {15} Operating loss 118,8D81 177,7021 Loss before tax 118,808 77,7021 Dare To Dream Trust Wales Detailed profit and loss account for the year ended 30 November 2020 2020 2019 Administrative expenses General administrative expenses.. Bank charges 15 10