## **THE REALLY AMAZING CHARITY (TRAC2) CIO**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 28 AUGUST 2024**
**Charity number: 1157960**
**THE REALLY AMAZING CHARITY (TRAC2)**
## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 AUGUST 2024**
||**CONTENTS**||
|---|---|---|
|||**Page**|
|Legal and administrative information||**1**|
|Trustees' report||**2**|
|Independent Examiner’s Report||**5**|
|Receipts and payments account||**6**|
|Statement of assets and liabilities||**7**|
|Notes to the financial statements||**8**|
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS**
## **FOR THE YEAR ENDED 28 AUGUST 2024**
**Charity number** 1157960 **Address** Folly Lane Trevethin Pontypool NP4 8JB **Trustees** M Ford (Chair) E Herbert (Vice Chair) D Strange T George (Secretary) J Strange **Independent Examiner** Gavin Watkins MWR Accountants David House Mill Road Pontnewynydd Pontypool NP4 6NG **Bankers** Lloyds Bank plc 1 Gwent Square Cwmbran NP44 1XN
**Page 1**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 28 AUGUST 2024**
The trustees present their report with the financial statements of the charity for the year ended 28 August 2024.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a Charitable Incorporated Organisation (CIO) and is governed by its constitution, dated 29 August 2017.
The governance of the charity is vested in the trustees who form the management committee. The day-to-day management is delegated to the project manager.
At every annual general meeting one-third of the trustees shall retire from office. If the number of trustees is not three or a multiple of three, the number nearest to one-third shall retire. The trustees to retire by rotation shall be those who have been longest in office since their last appointment or re-appointment. The vacancy of trustee may be filled by decision of the members at the annual general meeting.
## **OBJECTIVES AND ACTIVITIES**
We are dedicated in the fight against poverty and high street debt that can lead to relationship breakdowns, the separation of families and homelessness. We want to help change the circumstances that lead to a family not being able to fulfil even the necessities. It is not an easy fight nor is there an end in sight but what we do does make a difference and we will continue to support those who come through our doors for as long as we are needed.
We have developed three programmes that have evolved and been shaped by the community it supports. These programmes offer complete wrap-around support for our clients and will help guide them to make positive changes in not just their lives, but the lives of their families and community:
## **Community Outreach**
We are a social hub at the heart of the community and provide a safe space for people to access when they are at crisis point. TRAC2 hosts a wide range of third sector agencies, and at any given day of the weekday, members of the public can access our safe space, in the knowledge that they can get the help they need in an environment they feel comfortable in.
## **Crisis**
Our Crisis Support programme provides tailored support to individuals and families often in acute crisis. Households who have been rehoused because of an emergency, family breakdown, eviction, domestic violence, previous homelessness, or any other adverse life events, often find themselves without household essentials. Whether it be a bed, sofa, chest of drawers, clothes, kitchen appliances, or the whole package; we will source it so that the household can focus on what’s most important; getting back on their feet.
## **Meals**
Food poverty is a sad reality many people in our community are faced with; it’s a reality we’re not content to stand by and do nothing about. For many years now, we’ve issued food bank vouchers, but with food banks facing unprecedented levels of demand, earlier this year we decided to start our own weekly Fareshare project; offering nutritional, fresh foods at a very low cost to enable people to feed themselves and their families. This program has rapidly become so popular, that we’re considering opening a second venue to serve more people.
**Page 2**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 28 AUGUST 2024**
## **ACHIEVEMENT AND PERFORMANCE**
In 2024, TRAC2 has made a significant impact on the community by donating a total of 5,718 items to individuals and families in need. The donated items cover a wide range of necessities, including food, beds, sofas, clothes and various household items. We received an average of 180 phone calls per month for assistance, advice, collections and referrals.
In response to the ongoing cost of living crisis, TRAC2 supported approximately 526 individuals, an average of 44 per month. Demand increased sharply during winter months due to high energy prices, reduced fuel allowances for pensioners and families struggling after trying to purchase school uniforms and then trying to purchase items for Christmas presents and food.
Our partnership with a private mental health counsellor ensured that individuals in acute distress received timely interventions. This reduced the risk of escalation and prevented further strain on their health. Over 80 sessions were given, all paid for by the charity. Waiting lists are still too long and these individuals were at their lowest and needed immediate support.
Challenges we face:
- Increased demand placed pressure on staff and resources.
- Rising operational costs, particularly for fuel and storage.
- Complex and overlapping crises faced by service users, requiring multi-agency collaboration.
- Decreased donations due to people not being able to afford to buy new as they once would of.
- Outside funding becoming extremely difficult to obtain to help with core/staff costs and new projects
In the coming year TRAC2 plan to:
- Expand access to emergency mental health support
- Continue supporting the most vulnerable at their time of need
- Strengthen our volunteer programme
- Continue building strong partnerships with local councils, schools, and health providers and housing associations.
- Increasing volunteering opportunities
Our journey does not end here, we still recognise there is still so much to do, and we remain committed to our cause of making a difference in people’s lives. Our success is not achieved alone but by the support we also receive from others also. We extend our sincere thanks to our staff, volunteers, trustees, partner organisations, and funders but also to our community who support us with their continued donations and help. Your dedication makes it possible for us to respond with compassion, speed, and effectiveness. Together, we are making a difference—one life at a time.
## **FINANCIAL REVIEW**
The charity had net income for the year of £15,375 (2023: Net income of £35,114).
## **RESERVES POLICY**
The Charity does not have a reserves policy at present.
**Page 3**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 28 AUGUST 2024**
## **PUBLIC BENEFIT**
The trustees confirm they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives.
Approved by order of the board of trustees on and signed on its behalf by
___________________________
**Page 4**
**INDEPENDENT EXAMINER’S REPORT**
## **TO THE TRUSTEES OF THE REALLY AMAZING CHARITY (TRAC2)**
I report to the trustees on my examination of the accounts for the year ended 28 August 2024.
## **Responsibilities and basis of report**
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(2) of the Charities Act 2011(the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as 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 provide a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
## **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 which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with Section 130 of the Act; or
- the accounts do not accord with the accounting records.
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_______________________________
**Gavin Watkins BSc (Hons) FCCA MWR Accountants David House Mill Road Pontnewynydd Pontypool NP4 6NG**
**Page 5**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 28 AUGUST 2024**
|**Unrestricted**
**funds**
**Note £**
**Income from:**
Donations and grants**2**
11,019
Receipts from charitable activities
17,067
_______
**Total**
28,086
_______
**Expenditure on:**
Charitable activities**3**
65,201
Governance costs
1,260
_________
**Total**
66,461
_________
**Net income/(expenditure)**
(38,375)
Total funds brought forward
105,783
_______
**Total funds carried forward**67,408
|**Restricted**
**funds**
**£**
233,290
-
_______
233,290
_______
179,540
-
|**Restricted**
**funds**
**£**
233,290
-
_______
233,290
_______
179,540
-
|**2024**
**Total**
**£**
244,309
17,067
_______
261,376
_______
244,741
1,260
_______
246,001
_______
15,375
105,783
_______
121,158
||**2023**
**Total**
**£**
206,096
31,369
_______
237,465
_______
201,151
1,200
_______
202,351
_______
35,114
70,669
_______
105,783
|
|---|---|---|---|---|---|
||__
|_______ __
179,540
||__
||
||__
|_______ __
53,750
-
||__
||
||__
|_______ __
53,750
||__
||
**Page 6**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **STATEMENT OF ASSETS AND LIABILITIES AS AT 28 AUGUST 2024**
|**Fixed Assets**
Caravan
**Current assets**
Cash at bank and in hand
**Creditors:**amounts falling
due within one year
**Net current assets**
**Net assets**
**Funds**
Restricted funds
Unrestricted funds
**Total funds**|**£**
102,158
_______
102,158
-
_______|**2024**
**£**
19,000
102,158
________
121,158
________
53,750
67,408
________
121,158
|
|**2023**
**£**
**£**
-
105,783
________
105,783
-
________
105,783
_______
105,783
_______
-
105,783
_______
105,783
|**2023**
**£**
**£**
-
105,783
________
105,783
-
________
105,783
_______
105,783
_______
-
105,783
_______
105,783
|
|---|---|---|---|---|---|
||||_
|||
||||||_______
105,783
|
The financial statements were approved by the trustees on and signed on its behalf by:
## **__________________**
**Page 7**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 28 AUGUST 2024**
## **1. Accounting policies**
## **Basis of preparation**
These accounts have been prepared on the receipts and payments basis with a statement of assets and liabilities.
## **Nature of purpose of funds**
Unrestricted funds are those that may used at the discretion of the trustees in furtherance of the objects of the charity.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes.
## **2. Donations and grants**
||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
||**£**|**£**|**£**|
|Welsh Church Fund|3,396|-|3,396|
|Donations|4,475|-|4,475|
|Wilcox – Cash for clothes|3,148|-|3,148|
|Tudor Trust Grant|-|34,500|34,500|
|National Lottery|-|99,129|99,129|
|National Lottery Awards For All|-|20,000|20,000|
|Post Code Community Trust|-|20,000|20,000|
|Moondance|-|45,000|45,000|
|Alex Ferry Foundation|-|5,000|5,000|
|Community Foundation Wales|-|5,000|5,000|
|Arnold Clark|-|1,000|1,000|
|Bron Afon|-|1,118|1,118|
|Torfaen County Council Grant|-|2,543|2,543|
||________|_______|________|
||**11,019**|**233,290**|**244,309**|
||________|_______|________|
**Page 8**
## **THE REALLY AMAZING CHARITY (TRAC2)**
## **NOTES ON THE FINANCIAL STATEMENTS YEAR ENDED 28 AUGUST 2024**
## **3. Charitable Activities**
||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
||**£**|**£**|**£**|
|Wages|-|157,364|157,364|
|Chubb Fire and Security|3,003|-|3,003|
|Internet and phones|3,938||3,938|
|Printer rental|3,177|-|3,177|
|Repairs and maintenance|7,798|-|7,798|
|Community events|2,665|-|2,665|
|FIN, crisis support pay out and donations|
-|10,562|10,562|
|Stock|-|9,831|9,831|
|Staff and volunteer expenses|2,500|-|2,500|
|Vehicle running costs|8,492|-|8,492|
|Rent, rates and utilities|10,729|1,783|12,512|
|Insurances|1,783|-|1,783|
|Storage|749|-|749|
|Independent examiner’s fee|1,260|-|1,260|
|Office expenses|6,437|-|6,437|
|Mental health support|4,120|-|4,120|
|Cleaning and waste removal|3,898|-|3,898|
|Breathe HR|313|-|313|
|Donations|5,599|-|5,599|
||________|_______|________|
||**66,461**|**179,540**|**246,001**|
||________|_______|________|
## **4. Trustee remuneration and related party transactions**
No payments were made to trustees as reimbursement of expenses during the year (2023: nil).
**Page 9**