## UP Unique Potential
Charity number 1182731
## Annual Report and Financial Statements
for the year ended 31 March 2021
## UP Unique Potential
## Annual Report and Financial Statements
for the year ended 31 March 2021
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 3|
|Receipts and payments account|4|
|Statement of assets and liabilities|5|
|Notes to the accounts|6 to 7|
## **Prepared by West Yorkshire Community Accounting Service**
1
## UP Unique Potential
## Trustees' report for the year ended 31 March 2021
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Derrick Clarke Chair Reginald Wilhelm Treasurer Michael Sheehan Secretary Hayley Cutler Resigned July 2020
## **Charity number**
The charity was registered with the Charity Commission for England and Wales, number 1182731, on 1 April 2019.
**Principal address Bankers** Polyframe Holdings Ltd. Lloyds Bank Advanced Payment Solutions Ltd Ridings Business Park Unit 6 16 Market Place 6th Floor Hopwood Lane Oldham One London Wall Halifax OL1 1JG London HX1 3TT EC2Y 5EB
## **Accountants**
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) foundation and is governed by a constitution.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed at a properly convened meeting of the trustees.
2
## UP Unique Potential
## Trustees' report (continued) for the year ended 31 March 2021
## **Objectives and activities**
## **The charity's objects**
For the public benefit the preservation of health of disabled adults with learning difficulties living in West Yorkshire, particularly but not exclusively through the provision of day time support accessible for young adults and disabled students with a learning disability.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the relief of those in need by reason of disability.
## **Achievements and performance**
Due to Covid-19 restrictions all our planned fundraising activities for the year had to be cancelled.
We are all hoping that for the next financial year will be able to plan and go forward with all our events.
## **Financial review**
The net receipts for the year were £9,208, which were all on unrestricted funds.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern
## **Reserves policy**
The charity's free reserves at the year end were £11,643.
The trustees have decided to adopt a lower limit and an upper limit for the amount of cash reserves within the charity. In setting the lower limit the trustees have considered the level of expenses, based on projected figures which may be required to a cover a period of 12 months without any income and the costs of an orderly wind up of the charity should that be required.
In setting the upper limit, the trustees have considered the maximum amount of cash reserves that it should hold. The policy is in place to prevent the cash reserves of the charity accumulating over time to the point where the charity could be considered to not be deploying its cash reserves appropriately to meet its charitable objectives.
The upper limit is £15,000
The lower limit is £5,000
Signed on behalf of the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
3
## UP Unique Potential
## Receipts and payments account for the year ended 31 March 2021
|Notes
**Receipts**
Grants and donations
(2)
Fundraising income
Transfer from company
**Total receipts**
**Payments**
Rent and rates
Utilities
Advertising
Equipment
Cleaning
Fundraising expenditure
Stock
Bank charges
Sundries
Professional fees
Printing and stationery
**Total payments**
**Fund balances brought forward**
**Fund balances carried forward**
**Net receipts**|2021
Total
funds
£
10,660
-
-
10,660
600
221
-
-
-
-
-
133
-
308
190
1,452
9,208
2,435
11,643|2020
Total
funds
£
6,951
545
19
7,515
1,467
864
855
628
21
250
608
67
80
240
-
5,080
2,435
-
2,435|
|---|---|---|
4
## UP Unique Potential
## Statement of assets and liabilities
|as at 31 March 2021
**Cash funds**
Cash at bank
Cash in hand
**Total cash funds**
**Assets retained for the charity's own use**
Pull up banners
Wall display banners
Portable table
Collection buckets and tubs
**Liabilities**
Independent examination|2021
Total
£
11,643
-
11,643
£
300|2020
Total
£
2,435
-
2,435|
|---|---|---|
## **Approval of the accounts**
The financial statements were approved by the board of trustees on …………..……
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
5
## UP Unique Potential
## Notes to the accounts
for the year ended 31 March 2021
## **1 Accounting policies**
## **Basis of accounting**
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Fund accounting**
All of the funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
6
## UP Unique Potential
## Notes to the accounts continued
## for the year ended 31 March 2021
|**2 Grants and donations**
Calderdale MBC
Donations|2021
Total
funds
£
10,000
660
10,660|2020
Total
funds
£
-
6,951
6,951|
|---|---|---|
## **3 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
7