OPPORTUNITIES R UN LIMITED
(A company limited by guarantee and not having share capital)
Registered Company No: 09327051 Registered Charity No: 1162465
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
OPPORTUNITIES R UN LIMITED
INFORMATION
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Registered Office
14A Albany Road Weymouth Dorset DT4 9TH
Trading Address Osprey Leisure Centre Castletown Portland Dorset DT5 1BD
Directors and Trustees The Directors (who are also Trustees under charity law) of the charitable company, all of whom served throughout the year were as follows:
Mrs S M Munts Mrs H Goddard Ms E Taylor Ms J R Taylor Ms L Byatt Ms L Cosgrove Ms H J Smith
Registered Charity No. 1162465 Registered Company No. 09327051 (ENGLAND & WALES)
Independent Examiners Advoco 14A Albany Road Weymouth Dorset DT4 9TH
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OPPORTUNITIES R UN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
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The Trustees present their annual report and the financial statements for the year ended 30 November 2024.
Structure, Governance and Management
The financial statements have been prepared on the basis of the accounting policies set out in note 1 to the financial statements and comply with applicable company and charity law. The financial statements are presented in the standard format required by the Statement of Recommended Practice 2005 (SORP 2005) and cover the activities of OPPORTUNITIES R UN Limited. The statement of financial activities (SOFA) shows the gross income from all sources and the split of activities between restricted and unrestricted funds.
Governing Document
OPPORTUNITIES R UN Limited ("the charity") is a registered charity and a company limited by guarantee. It is thus governed by its Memorandum and Articles of Association.
Recruitment and Appointment of Trustees
The Trust is governed by a board of Trustees who are also Directors. The Trustees who served during the year are set out below:
Mrs S M Munts Mrs H Goddard Ms E Taylor Ms J R Taylor Ms L Byatt Ms L Cosgrove Ms H J Smith
Trustee Induction and Training
The new Trustees are briefed on their legal obligations under company and charity law, the Memorandum and Articles of Association and the activities and history of the charity.
Organisation Structure
The charity is controlled by the trustees who meet regularly to oversee the strategy and operation of the Trust.
The board of Trustees manages the charity. They have the power to invest the unrestricted income as they see fit and they have considered the most appropriate policy for investing the charity's funds.
Risk Management
The Trustees actively review and manage the major risks which the charity faces, with responsibilities and accountability specifically allocated as appropriate using a risk manual.
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OPPORTUNITIES R UN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
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Financial Results
This period's financial statements and reports have been compiled in accordance with the Companies Act and the SORP 2005.
The results for the year ended 30 November 2024 are set out in the attached Statement of Financial Activities.
The state of the charitable company's affairs at the end of the period is shown on the attached Balance Sheet and shows that total funds are in surplus by £54,174 (2023 - £57,615).
Trust Aims & Objectives
The main policy of the charity is the promotion of social inclusion for the public benefit by preventing adults with learning difficulties from becoming socially excluded from society, relieving their needs and helping them to integrate into society.
There have been no material changes in the policies during this period.
Public Benefit
The Trustees have given due regard to public benefit when planning the Charity's activities, in accordance with Sections G2 and G3 of the Charity Commission's General Guidance on Public Benefit (January 2008).
The paragraphs below set out our activities, achievements and performance during the year, which are directly related to the objects and purposes for which the Charity exists.
These benefits are directly related to the aims of the charity and are totally compliant with the Charity Commission Principles on Public Benefit.
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OPPORTUNITIES R UN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
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Introduction
Opportunities R Un Limited continues to support adults with learning disabilities and/ or additional needs in a variety of ways. We work with a variety of local day care providers who offer a range of learning opportunities in the local community. We organise our own activities and events as well inviting other groups to attend. These are funded by the charity and we also fund individuals who cannot afford to go on the trips otherwise.
Following our work with Dorset Council’s Nature Spaces project team, we now have a fully assessable garden area that is enabling people with learning difficulties and the local community including another day service to come together to use the space (The Thyme Out Community Garden) to connect with nature.
Initially, one of the main obstacles to the project was a lack of water supply. We worked with Osprey Leisure Centre and came up with a solution to overcome the problem by drilling into downpipes to capture rainwater from the roof. The water feeds into a large water container. The water is fed to hoses and by installing a solar power pump we are now able to water seedlings and plants with ease.
We have also fundraised to purchase accessible benches to accommodate people who use wheelchairs ensuring that friends can sit together and enjoy the space.
People have been actively involved in the seed to plate process and have gained knowledge, skills and enjoyment from using this new resource.
Having listened to the users of our day care providers, we have recently established a new social group to meet the needs of people at the weekend. To date, the Saturday Club is proving popular and we anticipate increasing the offer to more people as we progress.
2025/2026
It is the intention of the Board to establish a fit for purpose fully accessible independent living skills area in the area that is currently unused.
The space will offer opportunities for providers to deliver valuable life skills training for service users and will include a fully fitted kitchen with rise and fall worktops and tables, a shower room, bedroom and a meeting area.
We also intend to further develop our own in-house recycling centre to ensure that all waste produced by users of the building is disposed of properly. This will be a valuable teaching/learning resource for people attending services in the building.
Summary
Investment Policy
The charity does not hold any investments.
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Reserves Policy
The charity needs sufficient free reserves to cover six months forward expenditure. However, it had not been possible to build up any unrestricted reserves during the initial period of activity. It is a primary objective of the charity to build up reserves over the next few years, such that the reserves will exceed 12 months operating costs.
Trustees' Liability
Under the conditions of the guarantee, the Trustees' liability as members is restricted to a maximum of £1 each.
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OPPORTUNITIES R UN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024
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Statement of Trustees' Responsibilities
The trustees (who are also directors of OPPORTUNITIES R UN Ltd for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiners
A resolution proposing that Advoco be re-appointed will be put to the next annual general meeting.
Small Company Provisions
This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.
Approved by Trustees on and signed on their behalf by:
Director Mrs S M Munts
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OPPORTUNITIES R UN LIMITED
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF OPPORTUNITIES R UN LIMITED
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I report on the accounts of the company for the year ended 30 November 2024, which are set out on pages 1 to 17.
Respective Responsibilities of the Trustees and Examiner
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2014 (the 2014 Act) and that an independent examination is needed.
I am qualified to undertake the examination by being a fellow of the Association of Certified Chartered Accountants.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2014 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act); and
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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 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 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:
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Which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006;
and
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OPPORTUNITIES R UN LIMITED
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF OPPORTUNITIES R UN LIMITED
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- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met or;
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A P Rodgers FCCA (a partner of) Advoco Chartered Certified Accountants
14A Albany Road Weymouth Dorset DT4 9TH
Date ……………………………………………………
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OPPORTUNITIES R UN LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2024
| Note Incoming resources: Incoming resources from generated funds Voluntary income – Donations and legacies Investment income 4 Incoming resources from charitable activities Grants 4 Total incoming resources Resources expended: Cost of charitable activities Provision of activities 5 Governance costs 6 Total resources expended Net incoming resources before transfers Gross transfers between funds Net movement in funds for the year Reconciliation of Funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 500 31,406 - 31,906 35,347 - 35,347 (3 ,441) - (3,441) 57,615 54,174 |
Restricte d funds £ - - - - - - - - - - - - |
Total funds 2024 £ 500 31,406 - 31,906 35,347 - 35,347 (3,441) - (3,441) 57,615 54,174 |
Total funds 2023 £ 250 26,672 - |
|---|---|---|---|---|
| 26,922 | ||||
| 31,550 - |
||||
| 31,550 | ||||
| (4,628) - |
||||
| (4,628 ) 62,243 |
||||
| 57,615 |
The Notes 1 to 17 form an integral part of these accounts
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Registered Company Number: 09327051 OPPORTUNITIES R UN LIMITED BALANCE SHEET AS AT 30 NOVEMBER 2024
| ______ 2024 Note £ £ FIXED ASSETS Tangible assets 10 74,821 CURRENT ASSETS Debtors 11 - Cash at bank and in hand 1,123 1,123 CREDITORS: Amounts falling due within one year 12 21,770 NET CURRENT ASSETS (20,647) NET ASSETS 54,174 THE FUNDS OF THE CHARITABLE COMPANY General 13 54,174 Designated - Unrestricted 13 - Restricted 13 - TOTAL FUNDS 13 54,174 |
2023 £ £ 79,105 - 280 280 21,770 (21,490) 57,615 57,615 - - 57,615 |
2023 £ £ 79,105 - 280 280 21,770 (21,490) 57,615 57,615 - - 57,615 |
|---|---|---|
| 57,615 | ||
| 57,615 - - |
||
| 57,615 |
For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities;
- The members have not requested the company to obtain an audit of its accounts for the year in question in accordance with section 476;
The directors' acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements were approved and authorised for issue by the Directors on
……………………………………..…………………………………….. Director Mrs S M Munts
The Notes 1 to 17 form an integral part of these accounts.
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 NOVEMBER 2024
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1. ACCOUNTING POLICIES
Accounting Convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP) issued in March 2005 and the Companies Act 2006.
Incoming Resources
Income, including grant income, is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income represents amounts receivable for goods and services provided. The charity is not VAT registered.
Resources expended and basis of allocation of costs
Expenditure is recognised when a liability arises and is accounted for on an accruals basis, inclusive of VAT, and is allocated to the appropriate heading in the accounts.
Charitable expenditure and basis of allocation of costs
This comprises those costs incurred by the charity in the delivery of its activities and services to enable the charity to meet its charitable aims and objectives. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 NOVEMBER 2024
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Governance Costs
Includes those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiners fees and costs linked to the strategic management of the charity.
Funds Accounting
Funds held by the charity are:
Unrestricted general funds - these are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds - these are funds that 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.
Designated funds - these are unrestricted funds set aside by the Trustees for a specific purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its estimated useful life, as follows:
Plant and Equipment 20% reducing balance Leasehold Improvements 4% straight line basis
Tangible fixed assets over £1,000 are capitalised; amounts under this value are written off in the year.
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 NOVEMBER 2024
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Value Added Taxation
The charity is not registered for VAT.
2. INCOMING RESOURCES
The total incoming resources of the company for the year has been derived from its charitable activity which was wholly undertaken in the United Kingdom.
3. NET EXPENDITURE
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| The net expenditure for the period is stated after charging: | ||
| Depreciation of tangible assets | 4,284 | 4,284 |
| Independent examiners remuneration | - | - |
| Pension costs | - | - |
| 4. INVESTMENT INCOME Rents received |
Unrestricted Funds £ 31,406 |
Restricted Funds £ - |
Total Funds 2024 £ 31,406 |
Total Funds 2023 £ 26,672 |
|---|---|---|---|---|
The Charity did not receive any grants in the year.
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 NOVEMBER 2024
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5. RESOURCES EXPENDED
| Unrestricte | |||||
|---|---|---|---|---|---|
| d | Restricted | Total | Total | ||
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Charitable activities: | |||||
| Provision of facilities | |||||
| Group support | 0 | - | 0 | 325 | |
| Rental | 30,236 | - | 30,236 | 25,850 | |
| Stationery | 12 | - | 12 | - | |
| Consultancy | - | - | - | - | |
| Depreciation | 4,284 | - | 4,284 | 4,284 | |
| Rates & Water | 243 | 243 | 351 | ||
| Repairs & | |||||
| Renewals | 16 | 16 | - | ||
| Sundry | 540 | - | 540 | 727 | |
| Bank charges | 16 | - | 16 | 13 | |
| 35,347 | |||||
| - | 35,347 | 31,550 | |||
| Unrestricte | |||||
| d | Restricted | ||||
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| 6. | GOVERNANCE COSTS | ||||
| Legal and professional | - | - | - | - | |
| Independent examiners | |||||
| remuneration | - | - | - | - | |
| - | - | - | - |
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 NOVEMBER 2024
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7. TAXATION
As a registered charity, OPPORTUNITIES R UN Limited is exempt from taxation of income and gains to the extent these are applied to its charitable objectives. No tax charge has arisen during the period.
8. TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS
No trustees received any remuneration during the period from the charity and they also did not claim reimbursement for any expenses that they incurred in their roles as trustees.
No trustee or other person related to the Charity, had any personal interest in any contract or transaction entered into by the Charity during the period. The trustees have not acted as agents or made purchases on behalf of the charity during the period.
9. EMPLOYEES
The company does not have any employees.
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
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10. TANGIBLE FIXED ASSETS
| Cost: Brought forward Additions Carried forward Depreciation: Brought forward Charge for the year Carried forward Net Book Value 30 November 2023 Net Book Value 30 November 2023 |
Leasehold Improvements £ 107,088 - 107,088 27,983 4,284 32,267 74,821 79,105 |
Plant & Equipment £ - - - - - - - - |
Total £ 107,088 - |
|---|---|---|---|
| 107,088 | |||
| 27,983 4,284 |
|||
| 32,267 | |||
| 74,821 | |||
| 79,105 |
11. DEBTORS
There are no debtors.
12. CREDITORS
Mrs S Munts, a Director and Trustee has loaned the Charity £21,770 (2023 £21,770).
13. FUNDS
| Brought forward Deficit for the year Carried forward |
£ 57,615 3,441 |
|---|---|
| 54,174 |
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OPPORTUNITIES R UN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
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14. SHARE CAPITAL
The charity is limited by guarantee and does not have any share capital.
15. CONTROL
The charitable company is controlled by its members, who are the Trustees.
16. COMMITMENTS
As at 30 November 2024, the Charity had no annual commitments under operating leases.
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