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2022-12-31-accounts

CP Teens UK

Charity No. 1172105

Trustees' Report and Unaudited Accounts

31 December 2022

CP Teens UK Contents

Pages
Trustees' Annual Report 1 to 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 14
Statement of Cashflows 15
Detailed Statement of Financial Activities 16 to 17

CP Teens UK Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1172105

Principal Office

Northern Gateway Saltergate Chesterfield Derbyshire S40 1UT

Trustees

The following trustees served during the year:

Andrew Conneely Jillian Hitchin Karen Holland India Hollingworth Sarah Humphreys (resigned January 2022) Timothy Lowe Deborah Simpson (Chair of Trustees)

Bankers

Natwest 5 Market Place Chesterfield S40 1TW Address Line 5

1

CP Teens UK Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The purposes of the charity, as set out in its governing document are the promotion of social inclusion among young people aged 10 to 25 years old with physical disabilities, who are socially excluded from society, or parts of society, because of their disability. To provide help, support and advice for young people with physical disabilities and their families. To provide workshops, forums, advocacy and general support along with recreational facilities and opportunities in the interest of social welfare and improving conditions of life.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Throughout 2022, we have worked extremely hard to ensure that the objectives have been met and that our work has been for the public benefit. We have continued to deliver both in-person and online events & activities to cater for all and remain accessible. In writing this report, the Trustees have had to consider the Charity Commission’s general guidance on public benefit.

In 2022, CP Teens UK has:

2

CP Teens UK Trustees Annual Report

One parent said, “I have two twins with Cerebral Palsy, both of whom are wanting to go to University next September (and different Universities). It is very stressful. This information is really helpful, thank you”.

Sophie Christiansen CBE, Paralympic Champion, attended the day to encourage & inspire participants, as well as to try out the Para Athletics event of Frame Running. Sophie said that “days like this are so important to show and encourage young disabled people”. Sophie is also a freelance reporter for Channel 5; she brought along Channel 5 and did a feature piece on the day for Channel 5 news, which featured on the prime time show 3-weeks later. All participants received a free t-shirt, medal & certificate. In addition to the sporting activities and taster sessions, participants were given the opportunity and were encouraged to socialise with other participants and families. A dedicated ‘social area’ was allocated, emphasising the wider benefits of sport participation, i.e. social and mental health benefits.

3

CP Teens UK Trustees Annual Report

4

CP Teens UK Trustees Annual Report

FINANCIAL REVIEW

STRUCTURE, GOVERNANCE AND MANAGEMENT

CP Teens UK is a CIO (Charitable Incorporated Organisation). The charity is controlled by its governing document and its Board of Trustees.

The appointment of trustees follows the procedure outlined in the charity’s governing document. The Board of Trustees follow and adhere to the procedure. One third of the trustees stands down on an annual basis and are re-elected by the charity’s members (i.e. the trustees).

New trustees undergo a formal induction process; they are provided with the charity’s mission, aims and objectives and are provided with a full insight into the charity’s work. New trustees are also provided with the charity’s policies and code of conducts. All prospective trustees are DBS checked prior to successfully obtaining a role on the Board.

When considering the co-option and recruitment of trustees, the Board has regard to the requirement for ensuring that there is a balance of knowledge and expertise to govern the charity effectively. The Board also is careful to balance the number of parents of young people with disabilities to the number of people who are not parents of young people with disabilities.

Signed on behalf of the charity's trustees:

Deborah Simpson Chair of Trustees

29 July 2023

5

CP Teens UK Statement of Financial Activities

for the year ended 31 December 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
7,309
12,583		 Total funds
2022
£
7,309
12,583
Total funds

2021

£

3,143

14,275
19,892
11,261
7,571		 19,892
11,261
7,571
17,418

6,967

7,594
18,832
-		 18,832
-
14,561

-
1,060
-		 1,060
-
2,857

-
1,060 1,060
2,857
1,060
51,100		 1,060
51,100
2,857

48,243
52,160 52,160
51,100

6

CP Teens UK Balance Sheet

at 31 December 2022

Charity No. 1172105

Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Unrestricted funds
General funds
Reserves
Total funds
2022
£
9
1,803
1,803
50,357
50,357
50,357
52,160
52,160
52,160
10
10
52,160
52,160

10
52,160		 2021
£
2,254
2,254
48,846
48,846
48,846
51,100
51,100
51,100
51,100
51,100
51,100

Approved by the trustees on 29 July 2023

And signed on their behalf by:

Andrew Conneely Trustee

29 July 2023

7

CP Teens UK Notes to the Accounts

for the year ended 31 December 2022

Basis of preparation

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at revaluation of fixed the end of the year assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

8

CP Teens UK Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.

Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life:

Equipment 20% Reducing Balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other shortterm highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

9

CP Teens UK Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

10

CP Teens UK Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
General Donations
4
Income from charitable activities
Annual Ball
Other Events
Merchandise		 Unrestricted
£
7,309
7,309
Unrestricted
£
12,037
546
-
12,583		 Unrestricted
funds
2021
£
3,143
14,275
17,418
6,967
7,594
14,561
2,857
2,857
2,857
48,243
51,100
Total
2022
£
7,309
7,309
Total
2022
£
12,037
546
-
12,583		 Total funds
2021
£
3,143
14,275
17,418
6,967
7,594
14,561
2,857
2,857
2,857
48,243
51,100
Total
2021
£
3,143
3,143
Total
2021
£
12,195
2,034
46
14,275

11

CP Teens UK Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on
charitable activities
Annual Ball
Other Events
Merchandise
6
Other expenditure
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative
Legal and professional
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed
assets		 Unrestricted
£
6,585
4,663
13
11,261
Unrestricted
£
3,089
451
3,632
399
7,571
2022
£
451		 Total
2022
£
6,585
4,663
13
11,261
Total
2022
£
3,089
451
3,632
399
7,571		 Total
2021
£
5,943
990
34
6,967
Total
2021
£
3,089
564
2,831
1,110
7,594
2021
£
564

There were no employees during the period

12

CP Teens UK Notes to the Accounts

9 Tangible fixed assets

Cost or revaluation
At 1 January 2022
At 31 December 2022
Depreciation and
impairment
At 1 January 2022
Depreciation charge for the
year
At 31 December 2022
Net book values
At 31 December 2022
At 31 December 2021
Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds		 At 1 January
2022
51,100
51,100		 Incoming
resources
(including
other
gains/losses)
£
19,892
19,892		 Equipment
£
6,417
6,417
4,163
451
4,614
1,803
2,254
Resources
expended
£
(18,832)
(18,832)		 Total
£
6,417
6,417
4,163
451
4,614
1,803
2,254
At 31
December
2022
£
52,160
52,160

10 Movement in funds

11 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
1,803
50,357
52,160		 Total
£
1,803
50,357
52,160

13

CP Teens UK Notes to the Accounts

12 Reconciliation of net debt

Cash and cash equivalents
Net debt		 At 1 January
2022
£
48,846
48,846
48,846		 Cash flows
£
1,511
1,511
1,511		 At 31
December
2022
£
50,357
50,357
50,357

14

CP Teens UK Statement of Cash flows

for the year ended 31 December 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Net cash provided by operating activities
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
1,060
451
1,511
-
-
1,511
48,846
50,357
50,357
50,357		 2021
£
2,857
564
3,421
-
-
3,421
45,425
48,846
48,846
48,846

15

CP Teens UK Detailed Statement of Financial Activities

for the year ended 31 December 2022

Income and endowments from:
Donations and legacies
General Donations
Charitable activities
Annual Ball
Other Events
Merchandise
Total income and endowments
Expenditure on:
Charitable activities
Annual Ball
Other Events
Merchandise
Total of expenditure on charitable
activities
Premises costs
Rent
Rates
General administrative costs,
including depreciation and
amortisation:
Depreciation of Equipment
Equipment expensed
General insurances
Information and publications
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Other legal and professional costs
Total of expenditure of other costs
Total expenditure		 Unrestricted
funds
2022
£
7,309
7,309
12,037
546
-
12,583
19,892
6,585
4,663
13
11,261
11,261
2,843
246
3,089
451
364
555
1,678
852
-
54
129
4,083
399
399
7,571
18,832		 Total funds
2022
£
7,309
7,309
12,037
546
-
12,583
19,892
6,585
4,663
13
11,261
11,261
2,843
246
3,089
451
364
555
1,678
852
-
54
129		 Total funds
2021
£
3,143
3,143
12,195
2,034
46
14,275
17,418
5,943
990
34
6,967
6,967
2,843
246
3,089
564
-
856
919
504
326
65
161
4,083 3,395
399 1,110
399 1,110
7,571 7,594
18,832 14,561

16

CP Teens UK Detailed Statement of Financial Activities

Net gains on investments
Net income
Net income before other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
2022
-
1,060
-
1,060
51,100
52,160		 Total
Funds
2022
-
1,060
-
1,060
51,100
52,160		 Total
Funds
2021
-
2,857
-
2,857
48,243
51,100

17