UP Unique Potential
Charity number 1182731
Annual Report and Financial Statements
for the year ended 31 March 2022
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UP Unique Potential
Annual Report and Financial Statements for the year ended 31 March 2022
| 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 Accountancy Service CIO
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UP Unique Potential
Trustees' report for the year ended 31 March 2022
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 Michael Sheehan Reginald Wilhelm
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. Advanced Payment Solutions Ltd Ridings Business Park Unit 6 6th Floor Hopwood Lane One London Wall Halifax London HX1 3TT EC2Y 5EB
Accountants
West Yorkshire Community Accountancy Service CIO
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 by the trustees at a duly convened meeting.
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Trustees' report (continued) for the year ended 31 March 2022
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
Since last year we have struggled a little to get our plans moving again due to unforeseen circumstances. In terms of progress we have added to our financial account from donations from Gyms, Amazon UK, and from the selling of our merchandise.
Financial review
The net receipts for the year were £126.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £11,769.
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.
Approved by the board of trustees on 20/12/2022
Derrick Clarke (Trustee)
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Receipts and payments account for the year ended 31 March 2022
| Notes Receipts Grants and donations (2) Total receipts Payments Rent and Rates Utilities Bank Charges Professional Fees Printing and Stationery Total payments Transfers between funds Net movement in funds after transfers Fund balances brought forward Fund balances carried forward Net receipts / (payments) |
2022 Total funds £ 537 537 - - 75 300 36 411 126 - 126 11,643 11,769 |
2021 Total funds £ 10,660 10,660 600 221 133 308 190 1,452 9,208 - 9,208 2,435 11,643 |
|---|---|---|
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Statement of assets and liabilities
| as at 31 March 2022 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 Accountancy Fees Approval of the accounts |
2022 Total £ 11,740 29 11,769 £ 240 240 |
2021 Total £ 11,642 - 11,642 |
|---|---|---|
The financial statements were approved by the board of trustees on 20/12/2022
Derrick Clarke (Trustee)
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Notes to the accounts
for the year ended 31 March 2022
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.
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Notes to the accounts continued
for the year ended 31 March 2022
| Grants and donations Calderdale MBC Donations |
2022 Total funds £ - 537 537 |
2021 Total funds £ 10,000 660 10,660 |
|---|---|---|
2 Grants and donations
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.
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