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2021-06-30-accounts

Charity Registered Number: 1166955

Little Rascals Foundation Accounts For The Year Ended 30 June 2021

Gs CHADSTONE

Little Rascals Foundation Contents of the Accounts For the Year Ended 30 June 2021

Contents

Contents
Page
Charity Information 1
Trustee’s Report 2-3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7-9

Little Rascals Foundation Charity Information For the Year Ended 30 June 2021

Trustees Mr B Wootton Mr D Edwards Mr M Gough Mr S Parry Mrs K Dillow Mrs K Wootton Address Unit 2 Maverick Business Centre 292 Monkmoor Road Shrewsbury SY2 5TF Accountants ChadStone Accountancy & Tax Ltd Association of Chartered Certified Accountants Suite 3.12, Grosvenor House Central Park Telford Shropshire TF2 9TW Charity Registered Number 1166955

Page 1

Little Rascals Foundation Trustee’s Report For the Year Ended 30 June 2021

Little Rascals Foundation Charity Registered Number: 1166955 Trustee’s Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitution of a charitable, incorporated organisation.

Organisational Structure

The charity has a management committee of up to 4 members. It is constituted to meet twice a year and is responsible for the strategic direction and policy of the charity. The committee has a wide range of skills relevant to the purpose of the charity.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud or error.

OBJECTIVES AND ACTIVITIES

Objectives Aims and Activities

The aims of the charity remain to provide goods, services and support to child with physical and learning disabilities.

Main Activities

Services to support children with disabilities including exclusive sessions at a specially designed soft-play centre, user group meetings for families, sensory and soft play sessions delivered out in the community and after school courses.

Fundraising activities have been carried out to assist in the purchase of equipment for individual children with disabilities.

Public Benefit Statement

All fundraising and activities completed have been carried out in the best interests of children with disabilities and their families and therefore benefiting the public.

Achievements and Performance

In the past year the charity has provided a number of families with equipment to support their child’s development and independence when at home.

The charity continues to run exclusive play sessions at Little Rascals Play Centre, so children with disabilities can visit the centre and enjoy the facilities without the loud noises and large crowds that can often cause them anxiety.

The charity continues to run a soft play and sensory play outreach service where they take sensory and soft play equipment out into the community and deliver sessions to children with disabilities. This has particularly benefitted children who can’t access soft play centres or sensory rooms.

The charity runs regular coffee mornings for families of children with SEN/D where they can come and talk with the team and each other regarding issues in supporting their child and to share good news stories. This has been well attended and the charity have started to obtain speakers to inform the families of what support is available to them. This has also helped many parents who have been experiencing feelings of isolation.

The charity continues to run after school courses for children with disabilities. They are working with local SEN schools to offer this after school course which will keep children with disabilities active outside of school and offer the parents/carers some respite.

The charity is now running holiday clubs for children with SEN/D. They have identified that there is very little holiday support for children with additional needs. This holiday club aims to offer more children with SEN/D opportunities to be active outside of education at the same time as offering respite for families.

The charity has now offers 1-1 support in the community for children with disabilities. They are now supporting up to 15 individual children to access the community, practicing life skills and taking part in activities that they enjoy. This also offers the families some much needed respite.

Performance of Fundraising Activities

The charity has run a number of successful fundraising activities throughout the year, including table top sales, a successful golf day with an evening meal and auction, fun days and a comedy evening. The charity was also named as the chosen charity for a number of local businesses and companies in the Shropshire area, which has really helped to raise additional funds as well as awareness of Page 2 what the charity does.

Little Rascals Foundation Trustee’s Report For the Year Ended 30 June 2021

Due to the level and success of the fundraising, the charity has not only been able to maintain previous provisions but also to support new families and introduce new initiatives.

Statement of Overall Performance

We are pleased to state that most of the charity’s objectives had been met in this financial year. The achievements detailed above were mainly services they had aimed to achieve. Objectives that they are currently working towards are to be able to offer further holiday club days for children with disabilities and expand on the 1-1 support we offer in the community, taking on more children. The charity is also looking to support children with disabilities by funding physio sessions and to set up a service where we can take children with disabilities on short breaks and holidays.

FINANCIAL REVIEW

Financial Position

The charity is in a strong financial position. The large number of fundraising activities have been successful. As a result of this strong financial position, they have been able to set up services and support a number of children and families of children with disabilities.

Reserves Policy

The trustees aim to maintain reserves to cover between three and six months' expenditure.

Approved by order of the board of trustees on 24 February 2022 and signed on its behalf by:

............................................................

Mr Ben Wootton as Trustee of the Little Rascals Foundation

Little Rascals Foundation Independent Examiner's Report For the Year Ended 30 June 2021

Independent Examiner’s Report to the Trustees of Little Rascals Foundation

We report on the accounts of the charity for the period ended 30 June 2021, which are set out on pages 5-9

Respective Responsibilities of Charity Trustees and the Examiner

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 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed:

Basis of Independent Examiner’s Report

Our 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 the 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 our examination, no matter has come to our attention, which gives us reasonable cause to believe that in, any material respect, the requirements that the trust has not met its requirements to:

Signed

............................................................ (tal

ChadStone Accountancy & Tax Ltd Association of Chartered Certified Accountants The Hangar, Hadley Park East Telford Shropshire TF1 6QJ

Page 4

Little Rascals Foundation Statement of Financial Activities For the Year Ended 30 June 2021

Notes
Income Resources
Other revenue - Grants
Donations and legacies
Other trading activities
Total
Resources expended
Expenditure on:
Raising funds
Charitable activities
Wages & PAYE
Other
Total
Net movement in funds
Reconciliation of funds
Transfers between funds
Total funds brought forward
Total funds carried forward		 Unrestricted £
22,843
38,164
18,233
79,240
170
464
59,970
2,366
62,970
16,270
-
24,765
41,035		 Restricted £
-
-
-
-
-
-
-
-
-
-
-
4,699
4,699		 2021
Total
22,843
38,164
18,233
79,240
170
464
59,970
2,366
62,970
16,270
-
29,464
45,734		 2020
Total
-
41,576
21,559
63,132
646
975
41,008
3,067
45,696
17,436
-
12,028
29,464

Page 5

Little Rascals Foundation Balance Sheet As at 30 June 2021

Notes
Fixed Assets
Tangible Assets
Current Assets
Debtors
Cash at bank and in hand
Creditors: amounts falling
due within one year
Net assets
Capital and reserves
Restrictive funds
Unrestrictive funds		 Unrestricted
£
1,085
1,085
15,112
24,838
41,035
-
41,035
-
41,035
41,035		 Restricted
£
-
-
-
4,699
4,699
-
4,699
4,699
-
4,699		 2021
Total
1,085
1,085
15,112
29,537
45,734
-
45,734
4,699
41,035
45,734		 2020
Total
1,447
1,447
24,848
4,699
30,994
1,530
29,464
4,699
24,765
29,464

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Trustees on 24 February 2021 and were signed on its behalf by:

Mr D Edwards Trustee

Mr B Wootton Trustee

Page 6

Little Rascals Foundation Notes to the Accounts For the year ended 30 June 2021

1. Accounting policies

1.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

-The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 -The Charities Act 2011.

1.2a Recognition of income:

These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

1.2b Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

1.2c Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

1.2d Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

1.2e Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

1.3 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for a particular specified purpose within the objectives of the charity.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.4 Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing Balance

1.5 Debtors

Short term debtors are measured at transaction price (which is usually the invoice price) less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

1.6 Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

1.7 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.8 Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Little Rascals Foundation Notes to the Accounts For the year ended 30 June 2021

2 Tangible fixed assets

Cost
At 30 June 2020
Additions
Surplus on revaluation
Disposals
At 30 June 2021
Depreciation
At 30 June 2020
Charge for the year
On disposals
At 30 June 2021
Net book value
At 30 June 2021
At 30 June 2020
Details of certain items of expenditure
Independent examiner's fees
Tax advisory fees		 Plant & Equipment
£
4,213
-
-
-
4,213
2,766
362
-
1,085
1,085
1,447		 Plant & Equipment
£
4,213
-
-
-
4,213
2,766
362
-
1,085
1,085
1,447		 Total
£
4,213
-
-
-
4,213
2,766
362
-
1,085
1,085
1,447
2020
£
-
-
2021
£
-
-
-
-

3 Details of certain items of expenditure

4 Trustees' Remuneration and benefits

There were no trustees' remuneration or other benefits for the period ended 30 June 2021, nor were there any expenses paid.

5 Staff Costs

Wages were recharged from Wootton & Edwards Limited for staff working on charitable activities. The recharged costs were as follows:

6

Wages
Creditors: amounts falling due within one year
Bank Loans and Overdrafts
Related Party Loan		 2021
£
59,970
59,970
2021
£
-
-		 2020
£
41,008
41,008
2020
£
1,530
1,530

7 Related party transactions

During the period the company used the services of Wootton and Edwards Limited, a company under the control of the trustees, in which all services were provide at market value and amounted to the sum of £ (2019: £48,802).

Little Rascals Foundation Notes to the Accounts For the year ended 30 June 2021

8 Movement in funds

Unrestrictive Funds
General fund
Restricted Funds
Specific child donations
9
Incoming resources
Donations and legacies
General donations
Sponsored activities
Other trading activities
Fundraising events
Sales of product
Services
Total
10 Resources expended
Raising funds
Marketing
Launch event costs
Tax advisory services
Charitable activities
Softplay centre & sensory services
Equipment depreciation
Goods provided to specific beneficiaries
Subscriptions
Donations
Training
Other
Wages
Independent examiner's fees
Printing, postage & stationary
Other
Total		 Unrestricted £
18,524
19,640
38,164
-
-
18,233
18,233
56,397
Unrestricted £
170
-
-
170
101
362
-
-
-
-
463
59,970
-
-
2,367
62,337
62,970		 30/06/2020
£
24,765
4,699
29,464
Restricted £
-
-
-
-
-
-
-
-
Restricted £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Net movement
in funds
£
16,270
-
16,270
2021 Total
18,524
19,640
38,164
-
-
18,233
18,233
56,397
2021 Total
170
-
-
170
101
362
-
-
-
-
463
59,970
-
-
2,367
62,337
62,970		 30/06/2021
£
41,035
4,699
45,734
2020 Total
22,359
19,214
41,573
-
-
21,559
21,559
63,132
2020 Total
398
248
-
646
492
483
-
-
-
975
41,008
-
-
3,067
44,075
45,696