IPaper 3] QE2 Activity Centre TRUSTEES REPORT The Trustees are pleased to present thelr report, together with the financlal statement ot the Charity for the year ending 31 March 2023 Referpnce and Administrative details Charlty number 1165893 Prlnclpal Offlce QE2 Actlvity Centre, River Hamble Country Park, Pylands Lane, Hedge End, Southampton. S031 IBH Bankers Barclays Bank Plc, Fareham Tru5t••s Jerry Hall, Wayne Irlsh, Derek Pretty Management Commlttee Jerry Hall, Wayne Irish, Jlm Motherwell, John Prebble, Derek Pretty, Jen Pearce, Russell Poore, Tonia Craig, Roger Hann, Chris Hann, Vernon Phillips, Bemice Phllllps Trpe of Governlng Docurn•nt Constitution How the Ch?r5ty 15 Constliyted Trust Trustee Selertion Method Appointment by Management Committee Summary of Objects of the Charity To advance education and to provlde facllltles for the recreatlon or other leisure time occupation of people with physlcal andlor mental disabilities in the interests of Social welfare with the object of improving thelr conditions of life.
Events 2023 has been a strong year in both Day Service and Activities. We have been able to invest in improvements on the Day Service buildin8s and we have increased our 5tsff numbers to meet increased demand. 2024 look5 to be an equally exciting year with new challenges and opportunities as QE2 Activity Centre continues to provide day services and activities to young people and adults with physical or learning disabilities. Finance Durlng 2022-23 QE2 Actlvlty Centre generated Income from prov151on of 5ervlces for people with addltlonal needs. Slgned on behalf of the Charlty's Trustees Signature: Full Name.. Wayne Ir15h Position: Chalrman Date.. 23 January 2024
QE2 Activity Centre
(Charitable Incorporated Organsiation)
ACCOUNTS FOR THE YEAR ENDED
31 March 2023
Charity Commission number 1165893
QE2 Activity Centre
Accounts
For the year ended 31 March 2023
| Contents | Page |
|---|---|
| Independent Examiner’s Report | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Accounts | 4 - 6 |
QE2 Activity Centre
Independent Examiner1s Report to the Trustees of QE2 Activity Centre
For the year ended 31 March 2023
We report to the charity trustees on our examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 2 to 6.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
We report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material aspect:
-
I. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view ' which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to this report in order to enable a proper understanding of the accounts to be reached.
Mandair & Co Chartered Accountants Partnership House 84 Lodge Road Southampton S014 6RG
Wayne Irish Chair QE2 Activity Centre
Date: 23/01/2024
Date: 23/01/2024
QE2 Activity Centre
Statement of Financial Activities For the year ended 31 March 2023
| Income Donations, legacies and grants Charitable activities Investment income Hire of facilities Sale of merchandise Covid-19 support grants Total Income Expenditure Staff costs Service charges Insurance Cost of providing activities Building & cabin maintenance Depreciation Administration costs Fund raising Merchandise Staff training Total Resources Expended Net Incoming Resources Balance brought forwardI.4.2022 Balance carried forward 31.3.2023 |
2023 2022 |
|---|---|
| Unrestricted Restricted Unrestricted Restricted funds funds Total funds funds funds Total funds £ £ £ £ £ £ 9,904 4,025 13,929 11,256 32,673 43,929 517,269 517,269 395,314 395,314 2,606 2,606 646 646 9,558 9,558 4,707 4,707 1,744 1,744 2,138 2,138 15,399 2,520 17,919 |
|
| 541,081 4,025 545, I06 429,460 35,193 464,653 |
|
| 336,268 580 336,848 292,065 1,940 294,005 18,921 18,921 14,621 14,621 26,163 26,163 21,560 21,560 28,377 11,694 40,071 20,070 2,573 22,643 38,806 38,806 26,837 26,837 4,572 29,978 34,550 4,154 23,320 27,474 2,445 2,445 4,577 4,577 56 56 570 570 1,988 1,988 1,787 1,787 1,780 1,780 2,339 2,339 |
|
| 459,376 42,252 501,628 388,580 27,833 416,413 |
|
| 81,705 (38,227) 43,478 40,880 7,360 48,240 352,411 397,856 750,267 311,531 390,496 702,027 |
|
| 434,116 359,629 793,745 352,411 397,856 750,267 |
2
QE2 Activity Centre
Balance Sheet At 31 March 2023
| Note Fixed Assets Tangible assets 3 Current Assets Stock 4 Debtors 5 Investments Cash at bank and in hand Creditors: amounts falling due within one year 6 Income in advance Trade creditors Other creditors Net Current Assets Total Assets less Current Liabilities Net Assets Income Funds 7 Restricted funds Unrestricted funds |
2023 2022 |
|---|---|
| Unrestricted Restricted Unrestricted Restricted funds funds Total funds funds funds Total funds £ £ £ £ £ £ 97,434 359,629 457,063 123,625 363,130 486,755 |
|
| 39,050 39,050 35,205 35,205 155,793 155,793 153,187 I53,187 149.753 149,753 51,027 34,726 85,753 |
|
| 344,596 344,596 239,419 34,726 274,145 4,695 4,695 7,914 7,914 1,220 1,220 4,718 4,718 |
|
| 7,914 7,914 10,633 l 0,633 336,682 336,682 228,786 34,726 263,512 |
|
| 434,116 359,629 793,745 352,411 397,856 750,267 |
|
| 434,116 359,629 793,745 352,411 397,856 750,267 |
|
| 359,629 359,629 397,856 397,856 434,116 434,116 352,411 352,41 l |
|
| 434,116 359,629 793,745 352,411 397,856 750,267 |
The notes on pages 4 to 6 form part of these accounts.
Signed on behalf of all the trustees:
Trustee Wayne Irish
Date 23/01/2024
3
QE2 Activity Centre
Notes to the Accounts
For the year ended 31 March 2023
Basis of Preparation
The financial statements have been prepared on a going concern basis and under the historical cost convention. They comply with the Statement of Recommended Practice (SORP) FRS 102, 'Accounting and Reporting by Charities' effective 1 January 2015 together with the reporting requirements of the Financial Reporting Standard applicable in the UK (FRS 102) - effective I January 2015. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The QE2 Activities Centre is a Charitable Incorporated Organisation, registered with the Charity Commission under number 1165893.
2 Accounting Policies
Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations are recognised when they have been communicated as received in writing with notification 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 entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the repot1ing period.
Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset has been transferred to the charity.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
QE2 Activity Centre
Notes to the Accounts For the year ended 31 March 2023
2 Accounting Policies - continued
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
Depreciation is provided by the charity to write off the cost less the estimated residual value of tangible fixed assets by instalments over their estimated useful economic lives at the following annual rates:
Land and buildings - 4% on cost
Equipment - 25% on the reducing balance
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress
These are valued at the lower of cost or market value.
- 3 Tangible Fixed Assets
| Land and buildings Cost £ At 1April 2022 674,211 Additions Disposals At 31 March 2023 674,211 Depreciation and diminution in value At 1 April 2022 237,948 Charge for the year Eliminated on disposal 20,712 At 31 March 2023 258,660 Net Book Value At 31 March 2023 415,55 I At 1 April 2022 436,263 |
Equipment Total £ £ 100,093 774,304 4,858 4,858 104,951 779,162 49,601 287,549 13,838 34,550 63,439 322,099 41,512 457,063 50,492 486,755 |
|---|---|
5
QE2 Activity Centre
Notes to the Accounts For the year ended 31 March 2023
| Notes to the accounts -continued 4 Stock Stock of clothing for resale 5 Debtors Trade debtors Other debtors 6 Creditors: amounts falling due within one year Income in advance Trade creditors Other creditors |
2023 £ 39,050 39,050 7,914 7,914 |
2022 £ |
|---|---|---|
| 35,205 | ||
| 35,205 4,695 1,220 4,718 |
||
| 10,633 |
7 Income Funds
The restricted income fund represents grants received, and specific donations to be put towards the cost of the refurbishment of the cabins and ropes course, and for marine activities.
| Fund balances brought forward Net (Outgoing)/Incoming Resources for the year Fund balances carried forward |
Restricted Income Fund Unrestricted Income Fund £ £ 397,856 352,411 (38,227) 81,705 |
|---|---|
| 359,629 434,116 |
6
Independent Examiner1s Report to the Trustees of QE2 Activity Centre
For the year ended 31 March 2023
We report to the charity trustees on our examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 2 to 6.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
We report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material aspect:
-
I. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view ' which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to this report in order to enable a proper understanding of the accounts to be reached.
Mandair & Co Chartered Accountants Partnership House 84 Lodge Road Southampton S014 6RG
Wayne Irish Chair QE2 Activity Centre
Date: 23/01/2024
Date: 23/01/2024