Cardiff rive WHERE DISABIED (>IILOREN & FAUIIIES rthtmf THRIVE CARDIFF CIO TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 Charity Number 1168563
THRIVE CARDIFF CIO TRUSTEES, ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2023 The trustees present their report and the unaudited financial statements of the charty for the year ended 31 March 2023. REFERENCE AND ADMINISTRATNE DETAILS Charity name: Thrive Cardiff Charity registration number: 1168563 Registered Office". 41. Marshfield Street, Newport. NP19 OGX (until Nov 2023). 5 Llandennis Green, Cardiff, CF23 6JX (since November 2023}. Catherine Horton-shaw (resigned as trustee on 30111123) Maria Carey (resigned 31108123) Chantel Wynter (tenn ended 22108123) Annmarie McLaughlin (resigned 21111r23) Lisa Morgan (resigned 22108123) The Trustees: Sharon Ross (Sin 14107r23) Chair Marie MaY (Sin 14107123) Treasurer Alison Parry-Jones (Sin 14107123) Tracey Woodberry (since 14107123) Kathryn Smith (since 14107123) Cindy Cleaver (Sin 01112123) OBJECTIVES AND ACTIVITIES The purposes of the charty as set out in its goveming document are that the Association is estsblished for: the relief and assistan of children, young adults, families and carers in need by reason of leaming difficutty or disabilty in South Wales, in particular bul not exclusively by providing and arranging resptte breaks. recreational trips, events and activities. Thrive Trustees are all volunteers and are not paid staff. Membership is open to any family wtth a childtyoung person with a disability. Membership is currently charged at £20 per family per year. Trustees meet at regular intervals to discuss the aims of the groups and to ensure policies are being followed. All members are able to attend regular trustee meetings on request except for any confidential issues. The main activities thrive provides fall into three categories 1) During school holidays Thrive arranges activitiesleventsftrips for our families. We try to have an activity of some type on most Vleek days during the holiday periods.
THRIVE CARDIFF CIO TRUSTEES. ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 Mah 2023 Icontinuedl Most of these activities and events are heavily subsidised by the char5ty. Families pay towards covering the costs of any activitylevent Ihat they take part in. The activities are planned and run by parent volunteers 2) We also continue to run a holiday home that provides our families wf(h short breaks at rates that are considerably lower than would normally be available. Many of our faMilS simply cannot afford to go on holiday andlor are concerned about the suitability of accommodation for their disabled family members. The holiday home can also be used by families for a short break from their caring role. 31 During the term time. Thrive Cardiff provides exclusive soft play sessions for our families to attend. These sessions are Closed to the public so that our families are able to relax in a safe, secure space where they are not judged or discriminated against. These sessions are also subsKlised. We confinTr the trustees have had regard to the Charity Commission's guidan on public benefit. Trustees are regularly reminded of guidance issued by the charty commission. All activities are planned following the public benefit guidelines. ACHIEVEMENTS AND PERFORMANCE Events, Trips and Play Sessions Activities throughout this year have included bowling. fishing, walks, sporting activities, pottery, craft, a Jubilee paty and many others. We have also run a number of theatre trips including our popular tradition of attending the Christmas pantomime at the New Theatre in Cardiff. There have been 5 day trips this year Grants and Donations There have been no grants recEived during this financial period. A donation of £5786 was reiVed from the Hollies After School Club Charity from funds left over after they disbanded. Holiday Home Bookings for the holiday home were lower during this year and the Trustees will be looking into addressing this over the next year. The heating system still needs to be replaced and some basic maintenance work will be carried out during 2023 including the repair or replacement of some window untts_ A total of 28 breaks over 117 days were taken by families during this period. The Trustees intend to have the property redecorated in more up to date colours to improve the overall holiday experience. Membership At the end of January 2023. we were still supporting over 100 families. Our families continue to aC$S our wide range of ath'vities. Members have the abilty to book a holiday at our holiday home from March unb"l December at a reduced rate.
THRIVE CARDIFF CIO TRUSTEES. ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2023 l¢ontinuedl Volunteers The Trustees would like to thank our volunteers who assist with hosting and organising events. Our volunteers have again this year supported the trustees. and they are invaluable to Thrive. Child Pmtection Issues No issues were reported. All Trustees have DBS rtIficateS and safeguarding training has been undertaken by most of the trustees. Complaints We are pleased to report that no fomial complaints were received. Some issues were raised regarding incidents during the soft play sessions and these were resolved infonnally by trustees. with the families involved. Going Concem and Post-Balan¢e Sheet Events The charity's reserves have reduced over the last 2 years but we continue to be in an overall healthy position_ The trustees intend to look at fundraising so that we can continue to support our families during the cutrent cost of living difficulties. We will seek input from our members regarding the type of activities they would prefer and will review the subsidy for every event in order to use the charity's money to best effect. The annual membership fee will remain at its current rate of £20 at the next renewal date. The holiday home is in need of updating and Trustees are actively arranging this at the current time. The Trustees also intend to review the costs involved in maintaining the Holiday Home so that an appropriate amount is charged to members who book a holiday. The Holiday Home charge will remain well below commercial holiday let levels. FINANCIAL REVIEW The financial perfomiance of the charity is shown in the attached receipts and payments account and statement of assets and liabilities. In the year to 31 March 2023 Thrive Cardrff receipts Vre £18,058 {2022 £39.718). Payments for the year were £25,903 (2022 £44.647). There was a deficit for the year of £7,845 (2022 £4,929). Receipts were lower than in 2022, partly because the charity received no grants during the year. Reduced income from the holiday home also contributed to the increased deficit compared to the previous year. The unrestricted cash reserNes of £50.473 at the year end mean that Thrive Cardiff remains in a positive financial position. These reserves mean that the charity can Continue as a going concem and some of the cash held can be used to finan the charity's ongoing aclivities.
THRIVE CARDIFF CIO TRUSTEES. ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 March 2023 lcontinuedl STRUCTURE, GOVERNANCE AND MANAGEMENT Thrive Cardrff was registered as a new Charitable Incorporated Organisation (Registered CIO'.1168563) in August 2016 and commenced trading as the new CIO in April 2017 having taken over the assets, liabilities and activities of the predecessor charity. The CIO is govemed by its constitution and managed by ts trustees, who are unremunerated. During the period April 2022 to March 2023. trustees were eCted by the board but the CIO has changed its goveming document from a Foundation CIO to an Association CIO. This means that from September 2023 trustees will on again be elected by the charity's members. All trustees are requested to complete a DBS Disclosure and also undertake safeguarding training where appropriate. Throughout the year the Trustees continued to action and review our policies which are in place to safeguard our member families and to protect Thrive as a charity. The current financial climate for small charits'es is difficult and the twstees intend to develop a risk strategy and a fundraising strategy to protect the charity into the future, ensuring that it remains financially heaEthy. Policies and guidelines Include- Complaints Produre Data Protection Policy Safeguarding Policy Holiday Home Booking Policy Volunteer Policy Equalities Policy Guidelines and CthJe of Condud for Members Financial Controls Policy DECLARATIONS The Trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees: Signatures- Full names.. Sharon Ross Marie Macey Position le.g. Seuetsry, Chairl.. thair Treasurer Date.. zY/oi/A32 0112e2*
REPORT TO THE TRUSTEES OF THRIVE CARDIFF ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 CHARITY NUMBER: 1168563 I report to the trustees on my examination of the accounts of the above charity {he Trust'} for the year ended 31 March 2023 Respon8iblllties and basis of the report As the charity trustees of the company you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ("the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Chanty Commission under section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. l ujnfirm that no material matters have come to my attention in connection with the examination which gives me c2use to believe that in, any material respect: accounting records Vre not kept in aCrdan with section 130 of the Act; or the accounts do not accord with the accounting records. I have no concems and have Come across no other 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. Signed.. Name.. Mrs Freda June Young Date.. 20 24-
THIUVE CARDIFF RECEIPTS AND PA YMEf4TS ACCOUNT for the Year Ettded 31 Mah 2023 Unrestrlcted Rtstricted Funds 2023 Funds 2023 Totsl 2023 Unrestrlrted Restrbcted Funds 2022 Fund$ 2022 Total Z022 RECEIPTS Membership Fee5 220 220 2.020 2.020 Donations & Legacies 5.983 5,983 6.306 6,306 Grants 7,313 7.313 Fundrai51ng 352 352 2,427 2,427 Trips & Events 7.821 7,821 13,109 13,109 Play Centres 2.242 2,242 883 Miscellaneous 20 20 Holiday Home Income 1.440 7,640 Total 18,058 18.058 32,405 39.718 PAYMENTS Venue Hire Iplaycentre51 Equipment. Stationery & Phone Prizes & FuniJrai5in8 Expenses 3.380 3,380 2.180 2,180 677 677 1,132 1,614 26 26 730 1.645 2,375 Trips & Events 14,866 14.866 23.672 313 23,985 Insurances & Licences Independent Examiners Fees IT Equipment & Support Miscellaneous Expenses Holiday Home Expenses 357 357 546 546 1.080 231 231 5.859 5,859 85 85 293 354 647 5,200 5.200 7441 7,441 Total 25,903 25,903 35.994 8.653 44,647 The notesty) page 9 & 10 forrn part oFthese finan(ial statements
THRIVE CARDIFF RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended JI March 2023eontinued Unrestrided Funds 2023 Re5trirted Fund$ 2023 Total 2023 Unrestrirted Funds 2022 Restricted Fund$ 2021 Total 2022 NET RECEIPTSI PAYMENTS -7.845 -75 -3.589 4.929 Transfers between funds Cash funds last year 58,318 58.318 61,907 1,340 63,247 Cash funds this vtar 50,473 50.473 58,318 58.318 THRIVE CARDIFF ATEMEwf OF SETs AND LIABILITIES ror the Year Ended 31 Marrh 2023 Unreslricted Resiricted Totsl Funds 2023 Fllnd5 2023 2023 Unreslrieted Restrirted Total Funds 2022 FuDd5 2022 2022 Ch at Bank Main Account 18.095 18,095 21,497 21,497 Holiday Home Accouni 31.530 31,530 34.832 34,832 Evcnts Account 2.190 2,190 Tot*1 473 19 Assets retained For Cb#rity's Own Use Holiday Home 50,687 50,687 50.687 50,687 Total The Tte$On page 9 & 10 lormpart ofthe5e fiwal statements
THRIVE CARDIFF These accounts were approved by the members of the commiitee and aLrthor¢sed for issije on 27th January 2024 and are signed on their behaff by. Signatures.. Full names.. Sharon Ross Marie Macey Position le.g. Secretary. Chair)-. Chair Treasurer NOTES TO THE RECEivfs AND PAYMENTS ACCOUNT FOR THE YEAR ENDED31 MARCH 2023 1. ACCOUNTING POLICIES Basis of pY•paring the receipts and paymonts account The principal accounts.ng polKies are summarised below. They have been applied consistently throLtghout the current and preceding year. Fund a¢countlng The chaTity maintsins types of lunds as folk)ws". - Unrestricted funds can be used in aCan with the charitable objectives at Ihe discretion of the trustees in furtherance of the general objectives of the charity, - Restricted funds can onty used for parLr restricted purposes within the objects of the charty. Restrictions arise when SFecffied by the donor or when fijnds are raised for partlar restricted purposes. 2. Fund Balances Balance at 1 Apr 2022 Balance at 31 Mar 2023 Expenditure Tr4nsfers Unrestrictgd Funds General Fund 18058 18,058 50 473 50,473 58,318 -25.903 Restricted Funds No grants were recewed during Ihis penod. A donation lo Thrive Cardrfs Unrestn'cted Funds ot £5.786 was received Irom The HOllS Action Group. 3. Taxation The charity is exempt from tax on ils eharitable acbvities.
THIUVE CARDIFF 4. Truste•s' TranSa¢tk•, Remunerntlons and Benefits Trustees, expenses were nil for the year ended 31 March 2023 and for the year ended 31 March 2022. There were no trustee5' remuneration or other teneffts for the year ended 28 February 2023 nor for the year ended 28 February 2022. 6. Related Party Dtsclosures There were no related party tranwtions