Ready kn. Generations Reportproducedjanuary 2025 Readykn. Generations Annual Report Reporting Period l April 2023 to l April 2024 Annual Report and Flnanclal Statement R¢portlng perlod end l Aprll 2024 A Charltable Incorporated Oryanisation (CIO) Charity number: 1186999
CONTENTS Annual Report of the Trustees Staternent of Flnancial Activities Balance Sheet Notes to the Financial Statements
REPORT OF THE TRUSTEES FOR THE REPORTING PERIOD I APRIL 2023 TO I APRIL 2024 Trustees The Trustees serving on the Trust Board during the reporting period Name Appolnted Reslgned Renewed Length of service For review Susan ersdorff Elizabeth Claire Ludden Anna Park Kate Williams 01.09.19 01.09.23 4 years 01.09.27 01.09.19 01.09.23 4 years 01.09.27 01.02.21 4 years 01.02.25 01.11.21 4 years Registered off ice 42A Ullet Road Liverpool L17 3BP Charitable Incorporated Organisation (CIO) Charlty number 1186999 Webslte www.read enerations.co.uk
REPORT OF THE TRUSTEES OF READY GENERATIONS For the period 1.4.23 to 1.4.24 Introduction The charltable trustees of the Charity Ready Generations who for the purposes of charitable law comprise the Trust Board, are pleased to present their Annual Report together with the financial statements of the Charlty for the period ending l April 2024 which are also prepared to meet the qUirements of the Charities Art 2011 and Charitable Incorporated Organisations (General) Regulations 2012 ('Genera I Regulations,) a nd the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 ('Dissolution Regulations,). The Report has been set out to demonstrate how Trustees have fulfilled their legal duties to: always att in the Charity's best interests manage the Charity's resources responsibly act with reasonable care and skill Structurei governance and management The Trustees are responsible for the overall management and control of the Charity and meet at least six times a year. The work of implementing the Charity's policies and strategic plan is carried out by the Trustees at Board Meetings. The Charity does not currently have any sub-cornmittees. All Trustees give of their time freely and no remuneration was paid in the reporting period although travel expenses were paid to Twstees. No Trustee or person connected with a sen4ing Trustee received any benefit from any service/activity of the Charity and no pecuniary or other conflicts of interest were reported. a) Constitution Ready Generations is a Charitable Incorporated Organlsatlon (Foundation Model). It is not a limited company or subject to company regulation.
The Charities Act 2011 creates the basic legal framework for Ready Generations CIO. This framework is completed by the following regulations.. the Charitable Incorporated Organisations (General) Regulations 2012 ('General Regulations.) the Charitable Incorporated Organisations (Insolvency and Dlssolution) Regulations 2012 {'Dissolution Regulations, a) Method of appointment or electlon of trustees The management of the charitable incorporated organisation is the responsibility of the Trustees who are elected and co- opted under the terms of Ready Generation's Constitution of Charitable Incorporated Organisation - Foundation Model. b) Indurtion and professional development of trustees On appointment, Trustees follow an induttion process and are given copies of all appropriate documents and relevant guidance in order for them to understand their role. This includes the Charities Commission Guidance for England and Wales, The Essential Trustee. All Trustees have been chosen with a view to them leading the Charity with the correct range of skills expedient to setting up, developing and managing the running of Ready Generations and strategically guiding its progress, priorities and future direction. c) Organisation structure and decision making The Charity has a Trust Board which meets regularly. Between Board meetings, necessary operational decisions and actions taken are the responsibility of the Chair in consultation with individual Trustees. All decisions are reported back to the Board and this decision-making process is evidenced through the Board minutes. d) Risk assessment Trustees regularly assess the major risks to which Ready Generations Is exposed, in particular those related to the operatlons and finances of the charitable company and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. This Position is regularly monitored and reviewed through the use of a Risk Register. The Charity also maintains appropriate insurances to protect against any potential risk from operating its business.
Charitable objects The objects of the Char5ty are as follows: to advance the education of pre-school children in their cognitive, social, emotional and physical development through the provision of educational activitie5 and interattion with older people. to relieve the need of older people by preventing loneliness through the provision of social interartions with pre-school children. Safeguarding Over the reporting period Trustees have taken their safeguarding responsibilities very seriously and worked together to maintain a strong culture of safeguarding across everything the Charity does. This is of fundamentsl importance as the Charity works alongside vulnerable children, young and older people. All Trustees and the staff team are aware of, trained and kept up to date on all govemment safeguarding expectations in line with the most updated statutory guidance Keeping Childn Safe in Education 2024. Trustees have robust child protection and safeguarding policies and procedures that relate to both children and vulnerable adults (Care Act 2014). Equality and Diversity Ready Generations respects and values difference. As a charity directly providing services, it recognises the importance of setting out a clear commitment to promoting fairness and tackling discrimination. Since Ready Generations received charitable status in 2019 our Equality and Diversity Policy outlines our two main pledges: Volunteers and participants No volunteer or participant in our early years and intergeneratlonal experiences and opportunities will receive less favourable treatment on the grounds of race, colour, nationality, ethnic or national origin, sex, gender identity, marital status, sexual orientation, disability, trade union activity, age, religion or belief, pregnancy or maternity, social or economic status, political beliefs. No-one will be disadvantaged by conditions or requlrements which cannot be justified. Service delivery and charltable operatlons Ready Generations, recognising its responsibilities as a provider of servlces within communities, will ensure that its services, including the ones carried out in partnershlp with others, are available equally to all, regardless of
race, colour, natlonality, ethnic origin, sex, gender Identity, marital status, sexual orientation, disability, age, religion or belief, pregnancy or maternity, social or economic status or political beliets, making sure that no one is disadvantaged by conditions or requlrements which cannot be justified. The statutory responsibilities we follow in relation to children are set out In: Department for Education (DfE) Keeping Children Safe in Education 2024 Department for Education (DfE) Working Together to Safeguard Children 2023 Department for Education (DfE) Early Years Foundation Stage Framework 2024 statutory responsibilities in relation to adults are set out in: Gov UK Sections 42-46 and Schedule 2 of the Care Act 2014 Department of Health and Social Care Care and Support statutory Guidance 2020 Human Rights Act 1998 Achievements and performance Over the reporting year, the Charity has continued to develop Its largest projett in partnership with Belong Ltd, a registered society under the Co- operative and Communities Benefit Societies Act 2014 (registered number 27346R). Belong Ltd is a provider of care villages across the North West of England. This project involves the operation of a 24 place intergenerational nursery in the heart of Belong Care Village Chester. The intergeneratlonal nursery (The Nursery in Belong) and care village are now in their second year of operation, opening together in August 2022. The intergenerational nursery is a groundbreaklng project nationally, as it is the first fully integrated intergenerational nursery to be opened in the heart of a care facility. The Nursery brings pre-school children and older people together on a daily basis using a bespoke Mirrored Care and Learning Framework created by Ready Generations. The Framework ensures that the are clear and robust expectations around the planning and provision of joint experiences and opportunlties wlth a focus on lifelong learning, wellbeing and purposeful social interaction. The Nursery continues to be major project for the Charity with a growing staff team of ten employees and two regular volunteers. The impact of the project has gained increasing national and international interest over the course of the year. This has included academic research
interest and media attention. The work of the Charity has featured on a number of television channels including world news organisatlons, Sky News and Deutsche Welle who filmed in the Village and Nursery. Through this growing interest we have extended awareness of our work: Twitter (followers 3570 at April 2024) Linked-In (followers 1310+ at April 2024) The Nursery in Belong website The Nursery in Belong facebook page Intergenerational articles in Nursery World, Children and Young People Now, Early Years Educator and Care Management Matters Publication of academic joumal article in Norland Educare Research Journal Sector Awards Over the reporting period, the work of Ready Generations has also been recognised through a number of sector awards: Nursery World Awards Dementia Care Awards Laing Buisson Sector Awards Great British Care Awards Conference In November 2023 we hosted our first national conference supported by Theatre Porto, Ellesmere Port and sponsored by arts organisation, Curious Minds. The conference, looking at intergenerational creativity, attracted over 100 cross-sector delegates from education, social care, local authorities and the voluntary sector. Feedback was exceptional and planning for a second conference is underway for 2025. Intergenerational Leadershlp Learnlng Days Over the year we have hosted three successful Intergenerational Leadership Learning Days where interested colleagues can spend a ful I day with the Charity to visit the intergenerational nursery, take part in some intergeneratlonal experiences, tslk to older people and undertake professional development. The days have attracted a wide range of professionals including museum and art gallery curators, school leaders/teachers, local authorlty development teams and socSal care managers. Numbers for each day have been capped at 12 to prevent disturbance to residents and childn.
Partnerships and collaboration We have continued to deepen our professional partnerships with other charities, social enterprises, think tanks and campaigns In order to support the collective development of intergenerational thinking. Over the reporting year, we have deepened our collaborations with internatlonal, national and local partners: International and national Intergenerational National Network Scotland Generations All England NAPA (Natlonal Association of Activity Providers) Jo Cox Foundation Connection Coalition Generations United (USA) Salzburg Global Education Generations Working Together (Scotland) Institute for Intergenerational Practice (Australia) Bright Horizons Seven Stories - the National Centre for Children's Books Halsall Lloyd Architects Partnership Local Cheshire HealthBox Chester Social PsCrib1ng Team Chester Business Club Chester PHAB Live the Beat Llve Cheshl Theatre Porto Storyhouse Chester Grosvenor Museum Cheshire Dance Moxy Hotel Chester Hoole All Saints CE Church Blackburne House Liverpool Everton in the Community, Liverpool Goofus Theatre Company Cheshire Connect The Bluecoat Liverpool
Research Institutions The University of Liverpool - Centre for Ageing and the Life Course Northumbria University University of Chester University of Leeds University of Central Lancashire (UCLAN) Mcmaster University Ontario - Gilbrea Centre for Studies in Aging Academic research Over the reporting year, we have increased our research work through three programmes: Born4Llfe This continues to be a national programme, working with outstanding nursery providers to research different approaches to bringing generations together for the benefit of both. A research paper has been accepted through the international Journal of Intergenerational Relationships with publication experted in August 2024. Living Lives Together - Harniony Wheels Programme. This a research programme considering the potential of the creative arts to improve health, wellbeing and learning for people of all ages. A research evaluation report, produced in partnership with the University of Central Lancashire (UCLAN) is expected in September 2024. Falls Preventlon In Intergenerational Settings This is an exploratory study with The University of Liverpool. It is centred on community-based intergenerational activities focusing on the concept of 'fall' and fall prevention amongst older people and children. Interyenerational Champions We have increased the number of intergenerational champions through our Intergenerational Champions Recognition Scheme to 8. Several of the champions who are resident at the Belong Village have progressed to become daily support educators helping the children in structures ways with reading, phonics and science. We have also built an active volunteering profile by working more closely with Live Cheshire. We now have two adults with learnlng dlsabilities who volunteer in the Nursery every week. Over io
the year their confidence has grown and they are both valued members of the nursery team. Storyteller in residence Richard O'Neill MBE continues to work closely with us as our storyteller in residence and lead advocate. Richard is an internationally renowned storyteller, playwright and author. He vislts regularly involving all ages in creative storytelling and woodworking experiences. The popularity of his visits has led us to purchase and set up a bespoke woodworking area in the Nursery with a range of power tools and resources that the children and their older friends are able to use together. Richard's input over the year, has enabled us to develop our ideas around the importance of creative health and wellbeing economics. As a result we now work more closely with our local social prescribing team and Cheshire HealthBox to extend our reach into the most marginalised and excluded groups, particularly those living with dementia in their own homes. Sankofa Songsters Interyenerational Choir We continue to work closely with Amanda Wrigley, from Llve the Beat, who has become our creative lead. Our intergenerational choir has gone from strength to strength and now has over 60 members from the ages of 10 months to Iolyears. The choir is managed by a small member led steering group and has performed publicly on several occasions. For example, in March 2024, the Songsters hosted a Great Intergenerational Sing-a-Long for local care settings, schools, nurseries and the wider community. This was attended by over 150 people of every age and extremely well-received. There are plans to repeat this event in December 2024. Creative Health Opportunities Further work wlth Amanda, has Introduced a weekly Intergenerational Stay and Play Session. This is targeted primarily at young families and older people living with dementla and thelr carers. The session uses playful approaches to engage and enjoy music together. li
Grants and fundraising Over the reporting perlod, we have worked rn0 collaboratlvely with partner5 to secure funding particularly for our creative health programmes. We have received funding from the following: Cheshire West and Chester Community Fund The Rushworth Trust Local Giving- Magic Little Grants Curious Minds Cheshire Members Fund Partnership with s Educational Resources Over the reportlng year, we have further developed our formal two year partnership arrangement with Tfs Educational Resources (part of the RM Group). We have received resources to the value of £6k and have been featured in a sector podcast with Alice Sharp and a number of articles. Future priorities Over 2024-2025 we are looking to have impact across the following areas: finding more safe and intentional spaces to bring people together to develop the Harmony Wheels Programme. supporting development of intergenerational programmes with children, young and older people in primary schools developing understanding and support to enable older people to become effective educators developing work using the United Nations Sustainability and Inner Development Goals engaglng more with intergenerational housing and co-housing schemes developing shared mentoring and lifelong learning programrnes for childn, young and older people influencing professional leadership of intergenerational pedagogy through set of leadership competencies developing local multi-sector partnerships. We have organised these areas into a set of five priorities: 12
Priority One - The Nursery in Belong Objective: Enhance and expand interactions between people of all ages through effective partnership with Belong Villages. Actions: Introduce new invitatlons, experiences and opportunities that encourage meaningful interaction between children and older people. Extend reach to include local primary schools. Ensure consistent quality improvement across all teaching and learning. Embed the Attuned Relationships Model and Mirrored Care and Learning Framework. Conduct regular assessments to tailor activities to individual needs and preferences. Invest in the physical space to create a more welcoming and inclusive environment. Explore opportunities for outdoor spaces and gardens to facilitate more shared experiences linked with the natural environrnent. Priority Two - Local Community Collaborations Objective: Create opportunities for more co-creatlon and collaboration with communities of all ages. Actions: Organlse community/professional events that showcase the positlve impact of intergenerational invitations, opportunities and experiences. Collaborate with both local and national organisations and partners to create a supportive and evidence based network of support and learning. Priorlty -Three Leadership and professional development Objective: Expand reach and scale through high quality leadership and professional development. Actions: Provide ongoing professional development pathways for staff to enhance their ability to lead and facilitate intergenerational programmes. 13
Implement mentorship programmes between staff members and resldents for knowledge exchange. Publish Leadership Competency Framework and Maturity Matrix for intergenerational practice. Work with children young and older people to develop a set of What Matters Most principles that develop the concept of ciproC1ty. These move away from a reactive, transartional model to identifying personal and collaborative strengths and solutions as a way of promoting resilience and community cohesion. Priority Four - Effective partnershlps Objective: Build effective partnerships and collaborations with organisations, universities and education/care settings to integrate intergenerational approaches and expand reach and impact. Actions: Curriculum development: Refine and expand our curriculum based on lessons learned from our intergenerational Incorporate innovative and creative teaching and learning approaches that emphasize the benefits of intergenerational learning. Support Generations All to develop an accessible online platform for educators and community builders to access professional development easily Work with Generations All to offer certlfication programmes that moderate the quality and consistency of practice. Build national partnerships with educational and academic settings Conduct workshops and seminars to share expertise with educators Develop further research partnerships to collect and collate evaluation evidence, Information and data around what works and why Identify and collaborate with a diverse range of organisations, including nonprofits, businesses, and community groups, that align with our values. Foster relationships with buslnesses for mutual support and community engagement Seek partnerships with philanthropic organisations to secure funding for community projects and initiative Establish a network to drive intergeneratlonal programmes in underserved communities Encourage and support active volunteerlng. 14
Priority Five - Brand development nationally and internationally Objective: Elevate Ready Generations position as a leadlng practitioner of intergenerational research and pedagogy. Actions: Develop a comprehensive marketing and communicatlons strategy to hlghlight the success stories of our intergenerational model Engage in authentic media partnerships to increase VisibiltY and promote our vision. Explore opportunities for greater collaboration with intergenerational research and programmes globally Position Ready Generations as a thought leader in the field through participation in national and international conferences and events Enhance our online presence through social medla, blogs, academic articles and a user-friendly website Utilise digital platforms to share insights, resources, and success stories Utilise digital platforms to transform perceptions around ageing and the contributions made by older people Develop programmes that allow children and young people to learn from older people and VI versa e.g. the young supporting older people to become better connected digitally to reduce isolatlon and promote connection. Potential barriers The Charity is realistlc that this is groundbreaking work, cUrntrY with low levels of political interest. However, the range of unmet needs across all ages and the ageing demographic suggest that national action is needed urgently. We intend to be adY to contribute meaningfully to any emerging dlscussion. In the meantime we highlight a number of challenges that we will be focussing attention towards over 2024-5: availability of funding and resources knowledge, skills and understanding of professionals to drive agenda forwards possibility of redirecting resources from reactive sendice delivery to more reciprocal, self-serving community models the continuing limitations in joined up working and co-creation across sectors responses to the lack of strategic vision for preventative community asset development 15
deepening challenges of poverty, 'othering', transportation, mental health and social isolation. exclusion, Governance development We remain keen to recruit new trustees to our Board. Trustees have conducted their annual review of trustee competencies and have considered the skills and experience that would help the Charity to move forwards. The followlng table highlights the skills required alongside identified gaps. Trustee Expertise Covered by exlstln Trustees No No Yes Yes Yes Le al Financial/accountin Earl ears and rima education Older eo les, care and dementia Senior managerlal or charities/grant-funding ex erience ual o ortunities or disabili needs Diverse communities/cultures re resentation Clinical knowled e around a e and health Marketin and brandin Yes No No No Further information For further infomiation about our work the following reports are available on our website. Visions of Us - Year One Impatt Report for the Nursery Livlng Lives Together Ham?ony Wheels Report www.read enerations.co.uk Annual Financial Report Profitability and reserves The Charity's aim is to create unrestricted reserves equivalent to six months expenditure. Since the last reporting period the Charity has made steady progress towards this aim. 16
Public benefit When considering the work of Ready Generations, Trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. Going concern As part of their financial scrutiny and probity responsibilltles Trustees have taken account of the document Going Concern and Liquidity Risk Guidance for Directors of UK Companies 2009 issued by the Financial Reporting Council and believe Ready Generations is a golng concern. This assessrnent is based upon the funding available and income expected to be received from the planned services, particularly the Nursery in Belong. Financial overslght Trustees are responsible for the maintenance and integrity of the general and financial information included on the Charity's website and take this responsibility very seriously. All safeguarding and GDPR requirernents are kept under full review and monitored through Board Meetlngs. This Report was approved by Trustees on 8th January 2025 and signed on their behalf by: Susan Egersdorff Chair of Trust Board Trustees acknowledge their responsibilities for complying with the requirements of the Charities Commission with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to Charitable incorporated Organisations and the Charity's Act 2011. 17
The flnancial statements were approved and authorlsed for issue by the Board on 10th January 2025 and signed on its behalf by: Sue Egersdorff Chair of Trust Board Notes on the Financlal Statements The financlal statements have been prepared under the historical cost convention and in the Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS L02) (effective l January 2015) as amended by Update Bulletin l issued on 2 February 2016 ("amended Charities SORP ("FRS 102"). No material uncertainties that may cast significant doubt about the ability of the Charity to continue as a going concem have been Identified by the Trustees. Charity status The Charity Is a charitable incorporated organisation. The members of the Charity are the Trustees named on page 3. In the event of the Charity being wound up, the liability In respett of the guarantee is limited to £1 per trustee. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictlons imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Any investment income, gains and losses are allocated to the appropriate fund. 18
Incomlng resources All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. Fundraising income is CogniSed when the income is receivable. Resources expended All expenditure is accounted for on an accruals basis and has been Included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directSy attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Costs of generating funds include fundraising and publicity costs. Support costs are those cost5 incurred directly in support of expenditure on the objects of the charitable company and are allocated across charitable and non-charitsble activities on a pro- rata basls guided by the value of attributsble costs, unless they can be attributed directly, being a measurement considered representative of the specific input into each activity. Governance costs Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Fixed assets Fixed assets are capitalised and written off over their useful economic life. There has been no depreciation charged for in this year. 19
REGISTERED COMPANY NUMBER: CE020039 {Enyiand and Wales) REGISfERED CHARITY NUMBER.. 1186999 Report of lh• Trust••5 and Financial SLit•ments for the Year Ended l Awll 2024 for R•ady G•n•ration5 Xeinadin Audil Limited 116 Duke Street Liverpool England Ll SJW
Ready Generations Contents of th? Financial Statements ror the Year Ended l April 2024 Pag• Report of the Trustees Independent E¥amlneVs Report Stat•m•nt of Financial Aclivilies Balance Sheel Notes to the Anancial Statements Delailed Slal¢ment of Wnancial ActNSlles 10
Ready Generatlons Report of the Truslees for t Y•ar End•d l April 2024 The trustees who are also directors of th• charity lor th• purp05e5 of the Companie5 Arl 2006. present their report with the financial stalements of Ihe charity for th• year ended l April 2024. The trustees have adopled the provisions of Accounting and Reporl•ng by Charilie5.' 51alemenl ol Recommended Practice applicable lo chèrilies preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 1021 (effective l January 2019). StRUWR& GOVERNANCE AND 14ANAGEMEMr Governing doeum•nt The charity 1$ controlled by its governing dowment. è deed of Irusl. and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number CE020039 (England and Wales) Regisl•rid Charity number 1186999 R•gistered offic• 42a Ullèt Road Liverpool L17 3BP Trustees Mrs E Ludden Mrs A Park S Egersdorll K Williams Independent Examin•r Andrew Taylor FCCA Xeinadin Audil Limited 116 Duke Slreel Liverpool England Ll SJW Approved by order of th• board of tru5tee5 on10 Jartuary 2025 and siyned on its behalf by. Mr5 E Ludden - Trustee Page I
Ind•p•ndqnt Examinerfs Report to Ihq Truslq•5 01 Ready Gqn•ration5 Independent •xamin•rfs rIrt lo th• ISt••5 ol Ready G•n•ralions Cth• Compa I report lo the charity trustees on my examination of the accounts of the Company for th• y•ar •nded l April 2024. Responsiiiilies and bags of rèport As the charitls trustees ol thè Company land also its directors for the purposès of company lawl you are responsible lor the preparation ol the accounts in a¢¢ordan¢È wrth thè re4uirèmènls ol the Companies Act 2006 Cihe 2006 Act?. Having satisfied myself that the accounts of ihe Company are not required to be audiled under Part 16 01 thè 2006 Act and are eligible for independent examination. I report in respect ol my examination of your charitys accounts as carried oul under Section 145 of ihe Charities Act 20M Ilhe 2011 Act?. In iarrying out my examinèlion I have lollowed Ihe Directions given by the Charity Commission under Section 14515) Ib) of the 2011 Act. Ind•pendenl examlnetrs slatemenl Since your charitfs gross income exceeded £250.000 your examiner musl be a member of a listed body. I can conlirm that l am qualifigd lo undertake the examination because l am a member of the Association of Chartered Certilied Accountants, which is on• ol the listed bodies. I hav• completed my examination. l confirm that no matters hav• come lo my attention in connection with the xamSnation giving me cause to believe: accounting records were not kept in resp¢d gf the Company as required by Section 386 of the 20D6 Act.. or the accounts do not accord with those re¢ord5- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act olher than any requirement that Ihe accounts giv? a true and fair vi•w which 15 not a mattpr con5ider•d as part of an independent examination- or the a¢¢ounts have not been prepared in accordanc• w•th the method5 and principles of th• Statement ol Recommended Practice for accounting and reporting by charities (applicable lo charities preparing thèir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland (FRS IO•). I have no concerns and have ¢omè acrtsss no othèr matters in connection with thè examination lo which altention should be drawn in this report in order to enable a proper undèrstanding of the accounts to be reached. Andrew Taylor FCCA The Association of Chartered Certified Accounlanls Xèinadin Audit Limited 116 Duke Streel LNerpool England Ll 5JW 10 January 2025 Page 2
Ready G•n•r•tiDn5 5tatem•nl of Financial Activities for th• Y•ar En l Awil 2024 1.4.24 Unreslricled lund 1.4.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 357314 90,405 EXPENorrvRE ON Raising funds 309.189 108,609 NEf INCOMEIIEXPENDITUREI 48.125 08,2041 RECONCILIATION OF FUNDS Total lunds broughi forward (8,793) 9.411 TOTAL FUNOS CARRIEO FORWARD 39332 (8,7931 The noles form part of these financial stalements Page 3
Ready Genertlons Balance Sheet l April 2024 1.4.24 Unrestricl•d fund 1.4.23 Total fund5 Notès FIXED ASSErs Tangible assets 24.047 16.443 CURRENT ASSETS Cash at bank 43.525 21,491 CREDITORS Amounts lalling due within one year (28.240) (46.7271 CuRREASsEr5L1ABILrnES) 15.285 125.2361 TOTAL ASSEfs LESS CURRENf LIABILfflES 39,332 18,7931 NEf ASSEfsi(LIABILmES) 39.332 18,7931 FUNDS Unrestricted lunds 39.332 {8.793) TOTAL FUNDS 39.332 (8,7931 The charitable company is •ntilld lo exemption frarn audit under Seclion 477 gf the Companis Act 2006 for the year ended l April 2024. The membèrs have not required the company lo obtain an au(rrt ol its financial stat•men15 lor th• y•ar èndèd l April 2024 in accordance with Section 476 of Ihe Companies Ad 2006. The Iru51ees acknowledge Iheir responsibilities for {al ensuring Ihal the charitable company keeps accountin9 records that comply with Se¢lions 386 and 387 01 the Companies Act 2006 and preparing financial statements which gi¥e a and lair View of the slale of allèirs of the Charitable company as at Ihe end of each finanaal year and ol ils surplus Or deficit for each financial year in accordance with the requirements of Seclions 394 and 395 and which otherwise comply with the requirèmènts of Ihe Companiès Acl 2006 relating to financial statements. so far as applicable to the charitable company. {bl These financial statements have been prepar in accordance with the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approv•d by the Board of Trnstees and aulhori5ed for issue on 10 January 2025 and were signed on ils behalf by. E Ludden - Trustee The notes forni part of thèse finanaal stalemenls Page 4
R•ady GvatiOnS Not•5 to the Financial Stal•ments for th• Year End•d l Apr 2024 ACCOUNTING POLICIES Basls ol prewing the financial statements The hnancial statements of the charitable company. which is a public bènèfit entily undèr FRS 102, have been prepèred in a¢¢ordan¢e wilh Ihè Chèriliès SORP (FRS 102) 'Accounting and Reptsrling by Charities- Statement of Recommended Practice appli¢able lo chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 (effective l January 2019).. Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, arbd the Ctrmpanies Act 2006. The financial statements have been prepared under the historical c05t convenlion. hcome All income is recognised in Ihe Statement of Financial Activities oncè Ihe charity has entillemenl tts the funds. it is probable that the income will be received and the amount can be measured reliably. Expendllure Liabilities are recognised a5 expendilure as soon as there is a legal or conslruclive obligation committing th• charity lo that expenditure. il is probable that a transfer ol economic ben8lits will be reqvir•d in 58lllem•nt and the amount ol th• obligation can be m•asured reliably. Expendilure is accounted for on an accruals basis and has b8en classified under headings that aggregate all cost related to the category. Vthere costs cannot be directly allributed lo particular headings thty have been auocated to activities on a basis consistent with the use of resources. Tar4ibl• fix•d ass•ts Dèprèciation is provided al tho following annual rates in ardèr to write off each asset tsver it5 e51imated useful life. Taxatitsn The charity is exempt Irom corporalion lax on its charrfabLe activities. Fund atcounting Unrestricled lunds can be used in accordanc• wth thg charitable objectives at the discrelion of the trustees. Restricted funds can only be used for particular restricted purposes with the objec15 01 the charity. Restrictions arise when specified by the donor or when lunds are raised lor particular restricted purpose Further explanation ol the nature and purpose of &ich fund is included in the notes to the financial slalemenls. Hire purchas• and leasing commitm•nts Renlals paid under opèratsng leases arè charged to the Siatemenl of Financial Aclivilies C+n a straiyht linè basis over thÈ period of thè lèase. Pension cosls and othèr post-r•tir•ment bentffts The ¢harilabie company operates a defined contribution pension scheme. Contribulions payable lo Ihe charitable companvs pension scheme are tharged lo the Statement of Financial Activities in the period to which Ihey relale. Page 5 continued..
Ready G•n•rations Notes lo Ihe Financial Stalemenl$- continued Ior Ihe Year Eled l April 2024 INCOMV(EXPENDITURO Nel incomellexpenditurel is stated after chargingl{crÈditing)'. 1.4.24 1.4.23 Deprèciation- owned a55tS Repairs and ren•wals 7.040 103 TRUSfEE9 REMUNERAMON AND BENEFrrs Thèrè were no trustees, remuneration or other benefits for the year ended l April 2024 nor for the yèar ènded l April 2023. Trugte•s' •xpens•s There were no trusieeg expenses paid for the ar nded l April 2024 nor lor Ihe year ended l April 2023. COMPARATIVES FOR THE STATEMENT OF ANANCthL AcnvmES Unrestricted lund INCOME AND ENDOWMENTS FROM Donations and legacies 90,405 LXPENorruRE ON Raising funds 108,609 NET INCOMEIIEXPENDITURE) 118204) RECONCILIATION OF FUNDS Total lunds brought lorward 9.411 TOTAL FUNDS CARRIED FORWARD {8,7931 Page 6 continued...
R•ady G•n•ration5 Notes to the Financial Statements- continued for the Year Ended l April 2024 TANGIBLE FIXED ASSErs Fixtures and fitlings cosr At 2 April 2023 Additions 20.554 14.644 At l April 2024 35.198 DEPRECIATION At 2 April 2023 Chargè for year 4.111 7.040 At l April 2024 NET BOOK VALUE At l April 2024 24,047 Al l April 2023 16.4&3 CREDOR5. Amoufrifs FALUNG DUE wifHIN ONE YEAR 1.4.24 1.4.23 Trade Creditors Social ge¢urily and other taxes Other creditors Accrued expenses (2) 5.8ZI 20.795 1.620 4.763 &0.387 1.577 28,240 46.727 MOVEMENT IN FUNDS Nel movement ill funds At .4.24 Al 2.4.23 Unrnstricl•d ld5 General fund (8,793) 48.125 39.332 TOTAL FUNDS 18.793) 48,125 39.332 N•1 moY•m•nl in funds, indud•d in th* abov• are as follow Incoming resource5 Resourcès expended Movemènt in funds Vnrostrict•d lunds General lund 357.314 1309.1891 48.125 TOTAL FUNDS 357Jl4 {309.1891 48.125 Page 7 tontinued...
Ready Generations Noles ID the FancIal Slatements - Continued ffjrlhe Y•¥ End•d l April 2024 MDVEMENT IN FUNDS- contlnued Comparallves for movem•nt In fvnds Nèl movement in lunds At L&23 At 14.22 Unr•stricted lunds Genoral fund 9AII 082041 18.793) TOTAL FUNDS 9.411 118.204) {8.793) Comparalive net mov•menl in furlds. induded in the above are as follows= Incoming re50urce5 Resources expended Movqmenl in lunds Unrestrlcted fvnds General fund 90.405 U08.609) 08.204} TOTAL FUNDS 90.405 008.6091 118.2041 A current year 12 months and prior year 12 months combithed posilion is as follows.. Nei movement in funds Al 1.4.24 Al 2.422 Unrestrided funds General fund 9.411 29.921 39J32 TOTAL FUNDS 9.411 29.921 39.332 A currpnl year 12 months and prior year 12 month5 combined nel movement in lund* included in tho above arp 05 follows.. Incomin9 resources Resources expended Movèmènt in funds Unr•strict•d lunds General fund 447.719 1417,7981 29,921 TOTAL FUNDS 447.719 (&17,798) 29.921 Page 8 ontinued...
R•ady G•nqration5 Notes to th• Financia Stalemen15- continued for th• Y•ar Ended l AprK 2024 RELATED PARTY D15CLOSURES There were no related party transartions lor the year end¢d l April 2024. Paye 9
Ready Gon•ration5 Detalled Stalemenl of Financial Acliv5ties for the Year Ended l April 2024 1.4.24 1.4.23 INCOME AND ENDOWMENTS Donations and logaci Donations Grant incDme Nursery f•e incomE Other incorne 3,269 38,583 309.249 6.213 15.245 7,927 66.333 900 357.314 90,&05 Total incoming r•50WCqS 357,314 90.405 EXPENDThURE Raisiny dDnations and t•gaci•s Wages Pensions Repairs and renewals Support ¢osls Insurance Advert15ing Recruilmenl Postage and stationery sldries Actounlancy Travel Fixtures and litling5 216,523 3.440 82.378 1.303 103 14,B70 1,725 149 49.878 2,285 1,840 16.612 1241 368 1.516 6.438 7.040 1.405 512 2.053 4,111 309,189 108,609 TDlal resources expended 309,189 108.609 Net incomel{Èxpenditurel 48.125 (18.204) Thi5 page doe5 not lorm part of the 5talutory financial statement5 Page 10