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
3. 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
3. 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**