REGISTERED COMPANY NUMBER: 10461950 (England and Wales) REGISTERED CHARITY NUMBER: 1172133 Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2024 for CREATE A DREAM FOUNDATION
CREATE A DREAM FOUNDATION LEGAL AND ADMINISTIL4TIVE INFORMATION Registered Company number 10461950 (England and Wales) Registered Charlty number 1172133 Registered offi( 52 Wadsworth Drive Intake Sheffield S122DF Trustees A Ainger C Ellis N Mclean M Peace A Watson B Aing Bankers Santander Independent Examlner Mr. Robert Elliman
CREATE A DREAM FOUNDATION CONTENTS Page Rwort of th¢ TnteeS Ito3 Slatement of Trustees R¢sponsibiliti¢s Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8toll
CREATE A DREAM FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDING 30 NOVEMBER 2024 The trustees present their report and financial statements for the year cnded 30 Novcmber 2024. The financial statements have been prepared in accordance with the accounting polici&9 set out in note I to the financial statements and comply with th¢ charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)" Objectives and Activities The objective of the charity is to relieve individuals suffering from serious. tenninal or life threatening illness and the families of such individuals by such charitable means as the Trustees see fit, in particular but not exclusively by granting financial aid to those individuals and their families who have been r¢fffr¢d to or identified by the Charity. This will be primarily be done by, but not limited to, creating dreams and wishes for those individuals who are seriously or terniillally ill to create special inemories for them and their families. This may include d]rtlY supporting mdical car¢. Th¢ aim of the ChaTity is to create as many smil£% and lifelong memori¢s for th¢ beneficiwi¢s and their families so that they can look back and tre&8ure very precious memories. This is very important for the families and the beneficiaries who are seriously ill or have life-threatening illnesK8. We do this by grdnting their wish and as a charity we will also help the families by way of fmancial OT moral supwt by such means &8 the Trustees see fit. Public Benefit The Trustees have revieived the Charities Commission's guidance on public benefit and have agreed Ihey meet th¢ requircm¢nts set out therein. Volunteers We arc v¢ry lucky as a chaTity that our TSte¢S also act as d¢dicat¢d voIunt¢¢rs that are not paid any wages or ¢xp¢ns¢s for th¢ numerous hours they are putting in to make dreams and wishes come true. We would like to take this opportunity to thank them for their hard work, commitment and support. Page I
CREATE A DREAM FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDING 30 NOVEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities This report of the Tst marks the end of our eigbt year of operation. It has been another positive year for Cr¢atc a Dream achieving kn'gh levels of fimdraising income and in ttwn creating 12 new artd cxciting drnS for young people in ourregion. We have established new relationships with son]¢ falltastic new fundraisers, both companies and individuals. Awar¢ncss of our Organition and activilies continues to ww and the charity is once again grateful to its Tr[L8oluntCerS for operating the charity and creating dreams. We are extremdy gratefi]I to Shefrield Wednesday Foolball Club and Community foundation for holding an amazing event in May 2024 to fimdraise for us. An evening with fomer playeLE was held at Hillsborough followed by a at the stadiwn the n&xt day between the fonner plaYS and fans who purchased places. The event also included auctions, raffles and gat¢ rttcipts that helped to raised over £80 for Create a We are also immensely thankfill to Andy Birks and the fellow organisas of the Birkfest music festival. who made a sizeable donation to create a dream from the proceeds of their bi-annual music festival. This year saw us generate a small surplus of £1200 as we delivered our dream commitsnents and improved our cash w)sition in the year, which will allow us to increase our levels of activity in 2025. We are foTecasting a slight r¢durtion in 2025 to our fundraising incomc how¢[ i)ur r¢s¢rv¢ l¢v¢ls will allow us to maintain if not incr¢ase the amount of dr¢wns w¢ eate. We will as ever will closely monitor our financial position and work within our reserves policy. We also have plans for new and varied hdraISing durlng 2025 which will help us continue to meet the need8 of the young people in our area and our focus will to develop new relationships with local hospices to raise awareness of our activity in order to meet ourplanned increase in dreams. We aR again enduLingly gratefi]I for the support of Radius Aerospace (Doncasters Bramah) through employee donations and oth¢r initiatives ran on our bchalf, year on year Radius and its stalycontinue to support us to ensure we can continue to support young people. This year Radius staff also undertook a Yorkshire Three Peaks Challenge to raise a(klitional amounts for the Chlty. We are excited ahead of our next year to continue to deliver dreams to the young Ople in our region. We are excited to work closely with our new fundraising partners and eternally d]ankful to the growing lists of funthaisers who have donatcd to us and ar¢ not mentioned above. Some of thc Dreams Granted in the past year include: Center Parcs Trips Lapland trip Polar Express trip Woburn Safari Experienc¢ Disneyland Paris Trips CBeebies Land trip London Theatre Show experience Page 2
CREA'fL A DREAM FOUNDATION TRUSTEES REPORT FOR THE YEAR EINDING 30 NOVEMBER 2024 FINANCIAL REVIEW Financial Position During the year the Charity's incoming resources amounted to £52,777.05 (2023: £67,289.90) and resources expended amounted to £51,493.31 (2023., £71,667.69) resulting in a surylus for the period of £1,283.74 (2023.. {£4,377.79) deficit) All Income and EXpendltLe in both the current and prior year are unrestricted. As at 30 November 2024 the charity's reserv¢s totalcd £48,589.75 (2023: £47.306.01) consisting wholly of unrestricted ftds. Reserves policy The ChaTity's res¢rv¢s policy is that when the bank account registers £20,000.00 or less, 'dreams' would be limited to a maximum of £1500.00 per wish. If the cash reserves fall as low as £IO.000.00 we would postpone 'dreams' until an adequate level of cash is held to perniit nomial operations. The Trustees also reserve the right to limit 'Dream' amounts to a value they see fit, if they believ¢ it is in the best interests of the going concern of th¢ chaTity. Futhre Plans Create a Dream ar¢ focus¢d on continuing to deliver as many dreams as possible in line with our resources and fimdTaising iargets. Our targets will be to maintain a dream per month and up to 20 p¢r annum as w¢ll &s establishing new fundraising partners to continue to fund our activity. Structure, Governance and Management Governlng Do¢ument The charity is controlled by its govcrning document, its memorandum and articles, incorporated on November 3 2016. It is a company limited by guarantee, as defined by the Companies Act 2006. Induction and training of new trustees A Trustee will only be elected once he or she has shown considerable interest ID the charity, they will not be asked to become a Trustee unless they show the willingness lo work with the children and families and help us as a charity to create memorable and enjoyable times. Any new Trustee will be appointed by a majority voic of the existiug Trustees. 4ach Trustee receives continual training by regular meetings on compliance and governanc¢ with guidance from the Charity Commission. Risk management The trustees are aware that they have a duty to identify and review the risk to which the charity is exposed and to ¢nsur¢ appropriate controls are in place to guard against fraud and error. This is achieved by: _ Regular m¢etings of the Trustees and updates, including GDPR. Quarterly reviews by at l¢ast 2 TTUStees of the payments mad¢ and monies received. Regular meetings to agree where monies are lo be spent. Regular phoiie calls and contacts betw¢¢n Tn]stees. Page 3
CREATE A DREAM FOUNDATION STATEMEwf OF TRUSTEE RESPONSIBILITY FOR THE YEAR ENDING 30 NOVEMBER 2024 The trust¢¢s (who are also the directors of Create a Dream Foundation (for the purposes of company law) are responsible for preparing the Report of the Trusl¢es and the financial statements in acwrdance with appli¢abl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law reqUIS the trustees to prepare financial statements for each fanCIal year which give a tru¢ and fair view of the stdte of affairs of the charitable company and of the incoming resources and applicatioll of resources, including the income and expendilure, of the charitable company for that period. In preparing those financial statfflnents, Ihe trustees requiTed to: select suttable accounting policie8 and then apply them consistently. n]ake judgements and estimates that ar¢ reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the ¢haritabl¢ company will continue in business. The trustees are responsible for k¢¢ping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that th¢ financial statements comply with the Companies Act 2006, the Chartties Act 2011 and th¢ applicable Charilies (Accounts and Reports) regulations and the provisions. It is also responsible for safeguarding the assets of th¢ Charity and hence for taking reasonable steps for thc pr¢v¢ntion and detection of fraud and other irregularities. In so far as the trustees ar¢ aware: there is no relevant financial infonnation of which the charity's independent examiner is unaware. the trustees have taken all stq)s that they ought to have taken to make themselves aware of any relevant inforniation and to establish that the independ¢nt ¢xarnin¢r is aware of that inforniation. All Trustees and board members arc awarc of GDPR, advice has b¢¢n received from the ICO and the charity is fully compliant. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 r¢lating to small companies. Approved by order of the board of trnstees on 2nd July 2025 and slgned on its behalf by: A Ainger- Trustee Page 4
CREATE A DREAM FOUNDATION INDEPEM)ENT EL4MINERS REPORT TO THE TRUSTEES OF CREATE A DREAM FOUNDATION I r¢port to the trustees on my examination of the financial statements of Cr¢at¢ a Dream Foundation (the charity) for the year ended 30 Novembcr 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the pury)os¢s of company law) you are responsible for the preparation of the financial statements in accordance with the requircments of the Companies Act 2006 {the 2006 Act). Having satisfi¢d mys¢lf that the financial statements of the charity are not required to be audit¢d under Part 16 of the 2006 Acl and are ¢ligibl¢ for independent examination, I report in respect of my examination of the charity's financial statements Carri out under section 145 of the Charities Act 2011 (the 2011 Act}. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I have con]plet¢d my ¢xamination. I confirni that no matters have come to my attention ill conn¢ction with the examination giving m¢ caus¢ to b¢lieve that in any material respect: accounting records were not kept in respect of the charity as required by sextion 386 of the 2006 2. the financial statements do not accord with those records" or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that th¢ accounts give a true and fair view which is not a matter considered as part of an ind¢p¢nd¢nt ¢xamination' or 4. th¢ financial statements have not been prepared in accordan¢¢ with the methods and principles of the Slalem¢nt of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Stsdard applicable in the UK and Republic of treland (FRS 102). I have no concerns and have come across no other matters in connection with the ¢xamination to which att¢ntion should be drawn in this report in order Éo enable a proper understanding of ihe fjnancial statements to be Teached. SIGNED: Robert Elliman Date: ?025 Page 5
CREATE A DREAM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 unrestricted fund8 Unrestrlcted funds Notes INCOME FROM Donations 52,777 43A16 Other Activities 23.874 Totsl Income 52,777 67,WJO EXPENDITURE ON Raising funds Charitable activities 2.900 48.593 11,036 60,632 Totsl Resources Expended 51,493 71,668 Net Movement In Funds 1,284 {4,378) RECONCILIATION OF FUNDS Total funds as at 30 November 2023 47.306 51.684 Total Funds at 30 November 2024 48,590 47a06 The statement of financial activities includes all gains and losses reeognised in thc year. All income and expenditure derives from continuing activities. The statement of financial activities a180 complies with the r¢quiY¢ments for an incon]e and expenditure account under the Companies Act 2006. Page 6
CREATE A DREAM FOUNDATION BAI,ANCE SHEET AS AT 30 NOVEMBER 2024 2024 Notes £ 2023 Tangibl¢ Assets Debtors Prepayments and ACcnd Incom¢ Cash at Bank 2,859 18,206 48,590 47J06 Amounts falling due within one year Net Current Assets 48,590 48,590 47,306 47J06 Total Assets less Current Liabilities Unrestricted Funds io 48,590 47,306 TOTAL FUNDS 48A90 47 06 The charitable company is entitled to exemption from audit under Section 477 of the Companies Aci 2006 for the year ended 30 November 2024. The mcmbffs have not required the charitable company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) complying with the requirements of the Companies Act 2006 wilh respect to accounting records and the preparation of financial statements. preparing fancIal stat¢m¢nts which give a te and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its sU]uS or deficit for ¢ach financial year. (b) These flnancial statements have been prepared and delIV¢d in accordance the provisions applicable lo companies, subject to the small companies, regime. The financial *atements were approved by the Board ofTnLStees on 2nd July 2025 and sI¢d on its behalfby. A Ainger-Trust Page 7
CREATE A DREAM FOUNDATIO IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 l Accounting polleles Charlty information CTeate a Dream Foundation is a private company limited by guarantee incorporated in England and Wales, Th¢ registered office is 52 Wadsworth Drive, Sheffield, S12 2DF. 1.1 Aecountfing eonventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019)". The charity is a Public Benefit Enliiy as defined by FRS 102. The charity has taken advantag¢ of the provisions in the SORP for charities applying FRS 102 Updat¢ Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling* which is the functional currency of the charity. Monetary amounts in these financial statements are rounded io the nearesl £. The fjnancial statements have been prepared under the historical cost convention. The principal accounling policies adopted are set out below. 1.2 Going Concern At the time of approving the financial statements, the tnlstees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fanCIal stat¢m¢nts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in fiherance of their charitable objectives. 1.4 Income Income is r¢cognis¢d wh¢n th¢ charity is legally entitled to it after any p¢rfornian¢e conditions have b¢¢n m¢t, the amounts can be measured reliably, and it is probable that incom¢ will b¢ r¢c¢iv¢d. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perforn]ance conditions require deferral of the amount. Income tax recoverable tn relation to donations r¢ceiv¢d under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Donated professional s¢rvic¢s and donated facilities are recognised as income when the charity has control ovcr the item or received the service, any Conditions associated with the donation have been met, the receipt of economi¢ benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so please refer to the trustees, annual report for more information about their Contribution, On receipt, donat¢d giftsy professional services and donated facilities are recogry]ised on the basis of th¢ valu¢ of th¢ gift to the chltY which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on th¢ open market. a CO¢spOnding amount is then r¢cognised in expenditure in the period of receipt. Income from grants, wh¢th¢r capital grants or revenu¢ grants is re¢ognised when the Charity has ¢ntitl¢m¢nt to the funds, any perforniance conditions attached to th¢ grants have been met, it is probabl¢ thai th¢ incom¢ will be received and the amount can be measured reliably and is not deferred. Pag¢ 8
CREATE A DREAM FOUNDATION NOTES TO THE FINANCIAL STATEII(ENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) l Accounting policies 1.5 Expenditure Expenditure is r¢cogmis¢d once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is recognised on an accrnal basis. Expendire is classified under the following activity headings: Cost of raising funds comprise the costs in relation to generating income such as fundraising activitics. Exp¢nditur¢ on charitable activities includes all costs relating to the fiberance of the charitys objectives as Stat in the Trnstees Report . Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs and governance costs. Governance costs comprise all costs involving the public accountability of thc charitable trust and its compliance with Tegulation and good practice. Irrecov¢rabl¢ VAT is charged as a cost against the activity for which the ¢xp¢nditure was incurred. rants payable payments are mad¢ to third parties in tbe fiherallCe of the charitable objectives of the charitable objectives of the charity. The expenditure is recognised when the cojnmitment is communi¢at¢d to the recipient. Grants offered subject to conditions which hav¢ not b¢¢n m¢t at the y¢ar-¢nd date are noted as a commitment but not accrued as expenditure. 1.6 Tangible red assets 1.7 Cash and eash equlvalents Cash and cash equivalents include cash in hand, d¢posits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrnfts. Bank overdrafts are shown within borrowings in currcnt liabilities. 1.8 Finanelal instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic fjnancial instruments. Basic financial instrnments are initially recognised at transaction value and subsequently measured at theiT settlement value. 1.9 Taxation As a r¢gistered charity, Creat¢ a Dr¢am Foundation is entitled to the exemption from taxation in respect of income and capital gains received within s¢ction 479489 of th¢ Corporation Tax 201 O and in section 256 of the Taxation of Chargeable Gains Act 1992 to the extcnt that th¢s¢ arc applied to its charitable object purposes only. No charge have arisen in the Charitable Company Page 9
CREATE A DREAM FOUNDATION NOTES TO THE FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 (Continued) 2 Crltlcal aecountlng esthnates and judgements In the application of the charity's accounting polici¢s, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabiliti¢s that arc not readily apparent from other sources. The estimates and associated assumptions ar¢ based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are reColsed in th¢ p¢riod in which the estimate is reNised where the revision affects only that period, or in th¢ P¢Tiod of the revision and tUre periods wbere the revision affects both Current and future periods. 3 Donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations 52,777 43,416 52,777 43,416 4 Other trading activities Unr¢stricted funds 2024 Unrestricted funds 2023 Other 5 Raising Funds Unrestricted funds 2024 Unrestricted funds 2023 Fundraising Events/Promotion 23,874 23,874 Page 10
CREATE A DREAM FOU.NDATION NOTES TO THE FINANCIAL STATEMENTS FOR THL YEAR EM)ED 30 NOVEMBER 2024 (Continued) 6 Charitable A¢tiTrities Dlreet Costs 2024 Support Costs 2024 Total Direct Costs 2023 Support Costs 2023 Totsl 2024 2023 Working with Beneficiaries Governance 48,653 2,840 51,493 68,595 3,073 71,668 48,653 2,840 51,493 68,595 3,073 71,668 Support costs consist of printing, insurnnce, ICO fees and licenses. 7 Trnstees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the cbarity during the current or prior year. There were no Trustee ¢xpenses paid during the year or prior year. 8 Employees There were no employees during the year or in tbe previous year. 9 Debtors 2024 2023 Amounts due with one year Prepayments 18 06 10 Unrestrlcted Funds Movement Movement In Funds Income Resources Resources ¢nd¢d Movement In Funds Resources Asat Ex ended 0111212024 Asat 01112/2022 Asat 0111212023 Income Resources Funds 71,668) 47 06 51.493 I l Related Party Transactions There were no Telat¢d paty transactions during the current or Prior y¢ar. Pagell