Dare To Dream Trust Wales Annual Report for 2020-2021 1 | P a g e ## **Index** Page 3. Reference & administrative details Page 4. Chair’s Report Page 5. Financial Report Page 6. Plan for 2021 / 2022 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 Kathryn Jones Maria Young Rachel McKay Alun Jones Treasurer. Auditor. Bankers. Barclays Bank plc Financial. LHP Accountants Legal. Hugh James Solicitors 3 | P a g e ## **Chair’s Introduction** ## **For the year ended 30[th] November 2021** 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. 2020 – 2021 has again been a year that none of us will forget. The pandemic hit us in 2020 and it was clear our fundraising plans would continue to be interrupted. 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 2021 4 | P a g e ## **Financial Report** In 2020-2021, we have achieved an income of £6,636. 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
Izzy’s Jumpy Jump
**Total resources expended**|**2021**
6,452
184| |---|---| ||**6,636**| ||4,274| ||**4,274**| 5 | P a g e **– The Plan 2022** In 2022, 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) Accounts 30 November 2021 Dare To Dream Trust Wales Staternent of Financial Activities for the period from 1 December 2020 to 30 November 2021 Un- restricted Funds Restrictsd Funds Incoming Resources Incoming resources from geneTrted funds Volunta income Donations Activities for Fund raising Investment Income'.- Interest receivable Note 2021 2020 6,452 6,452 1,120 eneratin funds'.- 184 184 2.743 TOTAL INCOMING RESOURCES 6,636 6,636 3,863 Resources Expanded Grantmaknng activitl8S Grants payable Other direct costs 4,274 4,274 22,671 4,274 22,671 Govem8nce costs Govemance costs Bank charge5 390 390 390 390 390 390 TOTAL RESOURCES EXPENDED 4,664 4,664 23,061 Net Incomlng Resources beforeTransfers 1,972 1.972 119,1981 Transfers between funds Net Movement in Funds 1,972 1,972 19,198 Reconciliation of Funds Total Funds brought forward 104,550 104,550 Total Funds carried forward 106,522 106,522 119,1981 Dare To Dream Trust Wales Income and Expenditure Account for the year ended 30 November 2021 Notes 2021 2020 Incoming resources 6,636 3,863 Total expenditure 14,2741 122,6711 2,362 118,8081 Administrative expenses {3901 Net incominglloutgoingl resources 1,972 (18,8081 Ineomingl(outgoing} resources bgfore taxation 1,972 118,8081 Tax on proffullossl on ordin8ry activities Incominglloutgolngl resources for the financial year 1,972 {18,808 Dare To Dream Trust Wales Balance Sheet as at 30 November 2021 Registered Charity Number 1157279 Notes 2021 2020 Current assets Debtors Cash at bank and in hand Tot81 CURrent assets 1,198 105,145 106,343 106,912 106,912 Creditors: amounts falling due within one year 1390) 11,793) Net current assets 106,522 104,550 Net assets 106,522 104,550 The funds of the charity Unrestricted Income funds 11 106.522 104,550 Totsl charlty funds 106.522 104,550 The notes at pages 3 to 6 form part of these accounts. The members are satisfied that the charitable Gompsny is entitled to exemption from an audrfc under section 477 ofthe Companies Act 2006. The members have not required thè charitable company to obtain an audit of its accounts in accordance with section 476 of the Ad. The trustees acknowledge their responsibilities for complying wth the requirements of the Companies Act 2006 with respect to aceounting recorcls ancs the preparation of the accounts. Approved by the Trust son 22 ?.1 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 November 2021 1 Accounting policies Accounting conventio The accounts have been prepared under the historiGal cost convention with items racognised at cost or transa¢tion value unless otherwise stated in the relevant note{s1 to these accounts. The accounts are prepared in accordance with Statement of Recommended Practice., Accounting and Reporting by Charities preparing their acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 Section 1a) issued on 16 July 2014 and the Charities Act 2011_ The Trustees consider that there are no material uncertainties regarding the Charity's ability to continue as a going concern, and the accounts are prepared on this basis. Fundstructura Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of th& charitable objects. Restricted funds are ftjnds which are to be used in accordance wth spec￿le reslrietions imposed by the donor or trust deed. Further details of each fund are disclosed in the notes to accounts, Income recognition All income is recognised once the charity has entitlement lo the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured rèliably. Donations are recognised when they have bèen communlcatèd as received in wrlling wtlh notiflcatitsn of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the Charity is entiuod lo the funds, the income is défèrrèd and not recognised until either those conditions are fully met, or the fulfilmenl of the those conditions is wholly within the control of the charty ancs il is probable that those conditions will be fulfilled in the reporting period. Expenditure recognition Liabilities are recognised as expenditure as soon as therè is a legal or constructive obligation committing the Charity to that expenditure, it is probable that selllement will be required and the 8mounl of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, ineluding support costs and governan￿ costs, aE allocated or apportioned to the applicable expenditure headings in the statemènt of financial activities. For more information on this allocation refer to note 4 below. Grants payable are payments macle to third parties in the furtherance of the charitable objeels of the Trust. Provisions for grants are made when the intention lo make a grant has been communiGated to the recipient but thère is uncertainty as to the liming of the grant or the amount of grant payable. Dare To Dream Trust Wales Notes to the Accounts for the year ended 30 November 2021 Alloe?tion of support and governanee costs Support costs have been differ6nlialèd between governance costs and other support costs. Governanoe costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These Costs include costs related to independent examination and legal fees with an apporknonment of overhead and support costs relating lo trustee Board meetings. The allocation of support and govemance costs in analysed in note 4. 2 Incoming resources 2021 General Funds 2020 General FLfftd3 Volun come Donations - Individuals Dollations - Organisations 50 1,070 1,120 6,452 6,452 Activities for eneratin funds:_ Ryan & Geiainl November Challenge 2,743 2,743 184 Restricted Funds Restricted Funds 3 Analysls of Grants 2021 2020 restricted Funds Un-restricted Funds Durin the ear the Trust aid Grants to the followin charities from - Izzy's Jumpy Jump Noah's Ark Children's Hospital 4,274 16,050 Durin the ear the Trust purchased equiprnent for individuals Various Individual Beneficiary Grants 6,821 22,671 Tot81 4,274 4 Support & Govemance Costs Plas Hyfryd Hotel Limited (a connected company} h85 committed to Covering all the expenses and overheads of the Trust. 5 Taxation The company is a registered charity anLt as such is exempt from Corporation Tax. Dare To Dream Trust Wales Notes to the Accounts for the year ended 30 November 2021 6 Analysls of current assets 2021 2020 Cash at bank Other debtors {tQndlink} 106,912 105,145 1,198 106,343 106.912 Cash at bank balances were all un-restricted funds. 7 Creditors: amounts falling due within one year 2021 2020 Other creditors 390 1.793 8 General Funds ReseNes 2021 At 1 December 2020 Incoming Resources Grants payable 104,550 6,836 14,274) At 30 November 2021 106,912 9 Trusteas The trustee5 duting the yèar were '. Mr A Jones Miss K Jones Mr R Jones Mrs H Parsons Mrs J. Jones. Mr D Jones Mrs M Young Mrs R Young Mr R Harry 10 Trustees Remuneration and Expgnsos During the year neither the TNstees nor any persons conneded with thern havè received any remuneration or expenses paid from the Trust. Dare To Dream Trust Walgs Notes to the Accounts forthe year ended 30 November 2021 11 Analysis of charitable funds An8lJ¢is of furFd rrFovements Balance Bl￿d Income Expenditur& Unrestri￿ed fund5 104.550 6,636 14,6641 106,522 104,550 6,636 14,664 106.522 The unr¢striGted funds are available to be spent for any of the purposes of the charrty. 12 Related party transactions 2021 2020 Plas Hyfryd Country Hotel Ltd Connected Company (some shared directors are trustees) The Company has committed its support to the Charity by cov8ring all the expensés and overheads of the Trust. 180 13 Other Information Eiare to Dream Trust Wales is a Charitable Incorporated Organisalion and is incorporated in England and Wales. Its registered officè is.. Hugh James Two Central Square Cardiff CF10 1FS Dare To Dream Trust Wales Detailed profit and loss account for the year ended 30 November 2021 2021 2020 Salès 6,636 3.863 Cost of sales 14,2741 122,6711 Gross profiU{lossl 2,362 {18,8081 Administrative expenses {3901 Operating proftUIIoss} 1,972 118,8081 Profitllloss) before tax 1,972 18,8081 Dare To Dream Trust Wales Detsiled profIt and loss account for the year ended 30 November 2021 2021 2020 Administrative expenses Legal and professional costs- Accountancy fees 390 390 390 Dare To Dream Trust Wales Report to the directors on the preparation of the unaudited ststutory accounts of Dare To Dream Trust Wales for the year ended 30 November 2021 In order to 28SlSt you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dare To Dream Trust Wales for the year ended 30 November 2021 which comprisè of the Stalement of Financial Aclivitias. Income and Expenditure Account, the Balance Sheet and the related notes from the compangs accounting records and from infomiation and explanations yOLt have given us. As a practising member flrm of the Association of Chartered Certifi&d Accountants, we are subject lo its ethical and other professional requirements which ar2 d&lailed at http'.Ilrulebook.accaglobal.coml This report is made solely to the Board of Directors of Dare To Dream Trust Wales. as a body, in accordance with the temis of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dare To Dream Trust Wales and state those matters that we have agreed to stsle to the Board of Directors of Dare To Dream Trust Wales. as a body, in this report in accordance with the requirements of the Association of Chartered Certrfied Accountsnts as detailed at http'.IlwN.accaglobal.comlfactshee1163. To the fullest exler)I permitted by law, we do not accept or assurne responsibility to anyone other than Dare To Dream Trust Walès Ènd its Board of Directors as a body for our work or for thts report. It Is your duty to ensure that Dare To Dream Trust Weles has kept adequate accounts.ng records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dare To Dream Trust Wales. You consider that Dare To Dream Trust Wales is exempt from the statutory audit requirement for the year. We hav@ not been instwcled to cary out an audlt or a review of the accounts of Dare To Dream Tnjst Wales. For this reason. we have not verified the accuracy or completeness of the accounting records or infomiation 2nd explanations you have given to us and we do not, therefore, express any opinion on the ststulory accounts. -4-(P, LHP Chartered Certified Accountants Barclays Bank Chambers 18 High Street Tenby Pembrokeshire SA70 7HD Dale... 10