Charlty reglslratlon number 1170395 HANDS UP FOR DOWNS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HANDS UP FOR DOWNS CONTENTS Page Trustees, report Independent examinerfs report Stalement of financial activities Balance sheet Notes to the financial statements 8-14
HANDS UP FOR DOWNS TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual ret)ort and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 lo the financial statemenls and comply with the charitys goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finanual Ret)orting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191". Objectives and activities Summary of Objects The promotion of social inclusion among children with Down's syndrome and their families who are socially excluded from society or parts of society, as a result of having Down's syndrome by.. Providing education and infomation to support and enable parentslguardians to maximise educ81ional opportunities for their children with Down's syndrome. Raising public awareness of the issues affecting chIldn with Down's syndrome and their families, bolh generally and in relation to their social exclusion. Providing workshops. forums. advocacy and general support. Providing recreational facilities and opportunities for chIldn with Down's syndrome and their families. Public benefit The focus of our activilies remains individual Speech & Language Therapy for each of the children in our group, assistance with physical development of the children through the provision of assisted cycling support and physiotherapy, play groups and activities such as fun, educational trips. This benefits the children by developing their social. gross motor, fine motor, language and communication skills. We welcome all children with Down's Syndrome regardless of personal background, faith. gender or personal circumstances and we believe this philosophy of openness lo all enriches everyone through the sharing of skills, aptitudes and life experiences of our children and their families. A great contribution is made by the supporters and families of the children at HUFD. We are grateful for the many hours they have spent helping oul Ihe group. Without this valuable contribution of time, energy and expertise we would not have been so successful. In planning our activities for the year. we kept in mind the Charity Commission's guidance on public benefit at our meetings. Achievements and pertomiance Member activities In Augusl 2023 we were awarded Ihe National Lottery Community Fund for the provision of Speech and Language therapy. This grant enabled us to continue the provision of vital weekly Speech and Language sessions for members, and also extend provision to all new members who joined the charity. The therapy has proven extremely impacfful and has been greatly received by members and their family who see a positive impact in the development of vital life skills. In addition to this therapy. Hands Up For Downs has had a committed parent member- Lousie Dent- who has written and successfully gained some other local grants for members to enjoy physical activities. This year Louise secured the City and Council of Swansea - Summer of Fun Grant. This financed assisted horse riding sessions at Clyne Farm. assisted cycling at Bikeability. baby sensory and play sessions with Rubba Bubba, and supported skateboarding session with Bikeability-
HANDS UP FOR DOWNS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 This year saw Ihe conlinuation of drama workshops for members which were provided on a weekly basis during term time. These sessions are run by Talent Manager, Mark Jemiin and are tailored sessions specific lo the group. During the sessions he works on developing speech, perfomiance, understanding of instructions and also building confidence in our members. The results have been eXptIOnal and Ihe students who attend have felt they have benefited greatly in those focus areas. Fundraising In May 2023 we hosted the Charity Ball at the Brangwyn Hall in Swansea. It was a tremendous event with over 440 guesls, all of whom had a wonderful evening. There was a presentation from the charity and also entertainment provided. There was a charity auction and raffle which raised a considerable amount for charity. The ball was a success., raising awareness of the charity among the local community, showcasing the work the charity does. and raising vital funds. There have been some notable activities from members and their friends and families alike.. Hands Up For Downs has a long temi local supt)orter - Jen Thomas - who hosts various fundraising sessions throughout each year. These range from coffee momings. knitting and selling toys and omaments, and hosting events in the local area. The activities collectively provide vital fundraising. We continue to re1ve donations from supporters of Hands Up for Downs who make regular and substantial donations. Swansea Bay Conslruclion Support Group have continued to support HUFD with fundraising at their annual Dinner. A local businessman Adrian Hughes - has supported the charity for some time now, running fundraising events as well as producing special calendars. which he sells and donates the proceeds to Hands Up For Downs. Marathons and sports event - some member parents have competed signrficant sports evenls and charily fundraising days in order to raise money for the charity- Many local businesses have fundraised for us including Plexus Fire and Safety, Pennard Golf Club who made us their Charity of Ihe Year, Ty Hapus who did a long hike and Morgans Hotel who hosted an evening with the Paint-a-long Lady. Hands up for Downs Trustees and members have also raised funds during the period through various initiatives linked to family, schools and employers. Financial review Reserves The chanty had an unrestricled surplus of £23,876 and a reslricted deficit of £3,243 during the year. The free reserves of the charity totalled £77,31512023'. £53.439). We have no contract liabilities Ihal we are committed to, however, as a charity that has a commitment to a significant monthly expenditure on delivering Speech and Language therapy (which is only currently grant funded by the National Lottery until July 20241 so we have adopted a Reserves Policy which would ensure we have 6-12 months expenditure held in reserve to ensure the continuity of provision of this essential servi. This is due to the UnrtaInty of fundraising and donation income. and the ad-hoc nature of grant funding application success which leads to less certainty of income for financial planning purposes. We formally review the reserves annually at budget setting and discuss the reserve position at each subsequent bi-monthly Trustee meeting. Further financial review details During this reporting period the funding received was made up predominantly of grant funding amounting lo £40.320 and extemal fundraising, donations and gifts which amounted to £26,388. Hands up for Downs also raised £31,788 from intemal fundraising activity. The provision of SALT remains by far the biggest cost. with a total of just over £57,054 being spent on this single activily within the extended period.
HANDS UP FOR DOWNS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have, within this period, relied heavily on the local community for their continuing support, and internal fundraising for us to be able to cary out our activities. Structure, governance and management Description of the charity's trusts The organisation became a charitable incorporated organisation on 25 November 2016. The charity's governing document is CIO - Associalion Registered 25 November 2016. Trustee selection methods Al the firsl annual general meeling of the members of the CIO all the charity trustees shall retire from office. At every subsequent annual general meeting of the members of the CIO. one-third of the charity trustees shall retire from office. The charity trustees to retire by rotation shall be those who have been longest in office since their 18St appointment or reappointrnent. The vacancies so arising may be filled by the decision of the members at the annual general meeting; any vacancies not filled al the annual general meeting may be appointed by the members or charity trustees (retirement or removal etc). Additional Governance Issues There are several policies in place wilh regards to Safeguarding childn, such as an Accident Prevenlion Plan, Safeguarding Policy, E-safety Policy. Anti-bullying Policy. Parental Consent Policy, Equal Opportunities Policy, Recruitment & Selection Policy, Data Protection Policy, Privacy Notice, Behaviour Codes for adults and children and Risk Assessments. HUFD is affiliated to Ihe Down's Syndrome Association, who cover the groups Public Liability Insurance and provide advice and training to Members. All Trustees give Iheir lime voluntarily and receive no remuneralion or other benefils. Re-imbursement of Iravel expenses is offered. however not currently claimed by Trustees.
HANDS UP FOR DOWNS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reference and admlnistratlve Infomiation Charity name: Hands Up For Downs Working name: HUFD Principal office: Pen-y-wem Cefn Stylle Road Gowerton Swansea SA4 3QY Trustees: Rachel Dent (Vice Chair) Lara Smrtnik {Secretaryl Anne Barker Alan Santimano Sam Fisher (Treasurer) Nicola Preece Janet Chaplin Janine Platt (Chair) Ferial Raine Independent examiners: Azets Audit servIs Ty De. Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB Bankers: Barclays Bank PLC 1 Churchill Place London E14 5HP Th t stees, report was approved by the Board of Trustees. Rachel Dent- Chair Dated.. 2810112025
HANDS UP FOR DOWNS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HANDS UP FOR DOWNS I report lo the trustees on my examination of the financial statements of Hands up for Downs (the charity} for the year ended 31 March 2024. Re5ponsibililies and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity's financial stalemenls carried out under seclion 145 of the 2011 Ad. In carying out my examination I have followed all the appIlble Directions given by the Charity Commission under section 145(5){bl of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their a)unt5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Slalement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this ha5 been done in order ft)r financial staternents to provide a true and fair view in accordance with Generally Apted Accounting Practice effective for reporting peris beginning on or after 1 January 2015. I have completed my examination. I confirm thal no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the fom and conlenl of 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 nol a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. Andrew Howells Azets Audit Services Ty Derw, Lime Tree Court Cardiff Gate Business Park Cardiff CF23 8AB United Kingdom 29 January 2Ck25 Dated..
HANDS UP FOR DOWNS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activilies Other trading 8Ctivilies 26,388 26.388 40,320 26,765 26,765 57,042 40,320 57,042 31,788 31,788 909 909 Total income 58,176 40,320 98.496 27,674 57,042 84,716 Ex enditure on: Raising funds 16,367 16.367 1,745 1,745 Charitable activities 17,933 43,563 61.496 2,779 56,968 59,747 Total expenditure 34,300 43,563 Tl.863 4,524 56,968 61,492 Net in¢omel{expenditure) for the yearl Net movement in funds 23,876 (3,243} 20,633 23,150 74 23,224 Fund balances at 1 April 2023 53,439 6,566 60,005 30,289 6,492 36,781 Fund balances at 31 March 2024 77,315 3,323 80.638 53,439 6,566 60,005 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
HANDS UP FOR DOWNS BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 12 80 71.407 95.041 95.041 71.487 Creditors: amounts falling due within one year 13 (14,403) {11,482) Net current assets 80,638 60,005 Income funds Restricted funds Unrestricted funds 15 3,323 77,315 6,566 53,439 80,638 60,005 The financial statements were approved by the Trustees on . 28-01-2025 Sam Fisher- Treasurer
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charity infomiation Hands up for Downs is a Charitable Incorporated Organisation registered with the Charity Commission on 25th November 2016. The principal Offi is Pen-y-wem, Cefn Stylle Road, Gowerton, Swansea, SA4 3QY. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102) leffeclive 1 January 20191". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (AunIS and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departure has involved following the Stalement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial slatements are prepared in sterling, which is the functional currency of the charity- Monetsry amounts in these financial statements are rounded lo the nearest £. The financial stalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the time of approving the financial statements, the trustees have a reasonable expectslion thal the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going cOnM basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objeclives. 1.4 Income Income is recognised when the charity is legally entilled to it after any perfomance conditions have been mel, the amounts can be measured reliably. and it is probable that income will be received. Cash donalions are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perforniance conditions require defeal of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the fvnds, any perfomance conditions attached to the grants have been met, il is probable that the income will be reiVed and the amount can be measured reliably and is nol deferred. Capital grants are released to the Statement of Financial Activities in the year of receipt. Fixed assets relating to capital grants are capitalised, and depreciation charged is offsel against the grant income, in a restricted fund. Income raised from events is recognised in the period to which it relates with any amounts received in advance deferred.
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised On there is a legal or construclive obligation to make a payment lo a third party, il is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on raising funds comprise the costs expended in relation to fundraising activities and events. Expenditure on charitable activities includes all costs relating to the furtherance of the charity's objectives as stated in the trustees report and their associated SUprt costs. Irrecoverable VAT is charged as a cost against the activity for which the expendilure was incurred. Governan costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. 1.6 Cash and Cash equivalents Cash and cash equivalenls include cash in hand, dewjsits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Inslrumenls Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial st8lements, when there is a legally enforceable right to set off the recognised amounts and Ihere is an inlenlion to settle on a nel basis or to realise the asset and settle the liability simulianeously. Basic financial assets Basic financial assels, which include debtors and cash and bank balan$, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective inlerest method unless the arrangement constitules a financing transaction, where the transaction is measured al the present value of the future reip1S discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Derecognition oi financial assets Financial assets are derecognised only when the contraclual righls to Ihe cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety lo an unrelated third party. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaclion, where the debt instrument is measured at the presenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instnjments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. Ihey are presented as non-current liabilities. Trade credilors are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method.
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critical accounling estimates and judgements In the application of Ihe charity's ac(x)unting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where Ihe revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts 26,388 26,765 Charitable aclivilies 2024 2023 Grants 40,320 57,042 Grants Speech and Language Therapy Summer of Fun 40,320 49,642 7,400 40,320 57,042 10-
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 other tradlng actlvltles Unrestricted Unrestricted funds funds 2024 2023 Other income Fundraising events 25 31,788 Other Irading activities 31,788 909 Raising funds Unrestricted Unrestricted lunds funds 2024 2023 Fundraisin and ublici Fundraising and event costs 16,367 1,745 16,367 1,745 7 Charitable aclivilies 2024 2023 Equipmenl and resour$ SeNices and activities Bank charges 602 59,394 534 57,546 347 59,996 58,427 Share of govemance costs (see note 8) 1,500 1,320 61,496 59,747 Analysis by fund Unrestricted funds Restricled funds 17,933 43,563 2,779 56,968 61,496 59,747 11
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govemance costs costs 2024 2023 Accountancy 1,500 1,500 1,320 1.500 1,500 1,320 Analysed beeen Charitable activities 1,500 1,500 1,320 Governance costs includes payments to the independent examiners of £1.500 {2023.' £1,320). Trustees None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the charity during the current or prior year. No trustees were reimbursed for expense during the current or prior year. 10 Employees The average monlhly number of employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60.000. 11 Taxation The charity is exempt from tax on income and gains falling wthin seclion 505 of Ihe Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 12 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 80 12-
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Creditors: amounts falllng due wlthin one year 2024 2023 Notes Deferred income Accruals and deferred income 14 5,500 5,982 14,403 14,403 11,482 14 Deferred income 2024 2023 Arising from event income 5,500 Deferred income is included in the financial statements as follows= 2024 2023 Deferred income is included within.. Current liabilities 5,500 Movements in the year. Balance broughl forward Released from previous periods Resources deferred in the year 5,500 (5.500) 5,500 Balance carried foNard 5,500 13-
HANDS UP FOR DOWNS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Restrlcted funds The income funds of Ihe charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds Movement in funds Balance at 1 April 2022 Incoming resources R•sourt85 expended Balance at 1 Aprbl 2023 Incoming resourc85 Resources Balance at expended 31 March 2024 National Lottery- Speech and Language Therapy Winter of Wellbeing Summer of Fun 932 49.642 {49.964) 610 40,320 (37,6071 3,323 (3.920) 424 (4241 1.216 7.400 (3.084) 5,532 15,5321 6.492 57.042 {56.968) 6,566 40,320 {43,5631 3,323 National Lottery Community Fund - Spee¢h and Language Therapy - funding received regarding the People's Project grant lo help fund speech clinic sessions and Makaton resources. Wlnler of Wellbelng - funding received regarding physical and developmental activity Summer of Fun - funding reiVed regarding physical and developmental activity. 16 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balanS at 31 March 2024 are represented by.. Cuent assetsl{liabilities) 77,315 3.323 80.638 53.439 6,566 60,005 77,315 3.323 80.638 53.439 6,566 60,005 17 Related party transactions There were no disclosable related party transactions during the CUent or prior year. 14-