REGISTERED CHARITY NUMBER: 1187913
Report of the Trustees and
Unaudited Financial Statements
For The Period 12 February 2020 to 30 September 2020
for
Peak Empower
Cottons Accountants LLP
1 Billing Road Northampton Northamptonshire NN1 5AL
Peak Empower
Contents of the Financial Statements For The Period 12 February 2020 to 30 September 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
Peak Empower
Report of the Trustees
For The Period 12 February 2020 to 30 September 2020
The trustees present their report with the financial statements of the charity for the period 12 February 2020 to 30 September 2020. The trustees have adopted the provisions of 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of Peak Empower is to promote social inclusion in the East Midlands for the public benefit by using recreational activities to relieve social exclusion and assisting integration into society, (primarily but not exclusively for young people)
For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society).
Public benefit
In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at out trustee meetings:
Our main activities include creating and running a series of inclusive sports clubs each year which give access to everyone no matter what additional needs they may have.
To work with those who are socially isolated via a range of empowering courses and projects to help them gain confidence and become more self-sufficient.
We work closely with the council and other groups and charities to help create strong networks and ensure that we participate in any suitable activities.
Our mission is to promote the positive use of recreational activities to improve well-being in marginalised groups by providing clubs and courses to help empower and enable individuals gain confidence in themselves.
Our aims are to:
-Improve well-being, confidence and self-esteem through recreational activities
-
Increase number and availability of inclusive clubs
-
Decrease social isolation
-
Reduce negative perceptions of disability, mental health and disengaged youth
Volunteers
We rely heavily on volunteers and are lucky enough to have a range of volunteers who have a vast range of knowledge and skills.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
-
Delivered over 4000 wellbeing packs to people in isolation during the pandemic and received the rose of Northamptonshire award for our good work
-
Created a new inclusive tennis club that runs as a cost neutral
-Ran 10 empowering sports courses for young people who are being home schooled and 4 online courses
-
Started a new STEP programme allowing us to help those who find it hard to gain employment or have lost their jobs due to Covid, we provide practical support, mental well-being sessions, sports sessions, online cooking sessions and help them to keep to realistic budgets
-
Adapted our existing projects to enable these to be fulfilled in spite of the restrictions in force due to Covid.
Page 1
Peak Empower
Report of the Trustees
For The Period 12 February 2020 to 30 September 2020
FINANCIAL REVIEW
Financial position
The Charity will hold sufficient unrestricted reserves to cover the administration costs of the Charity for six months. If Treasurer deems it necessary to draw down on these reserves, the Trustees will be notified that this has happened and the reasons requiring the reserves to be used. As at 30.09.20 the unrestricted reserves were £1,562, which will more than cover this requirement.
Principal funding sources
The main sources of funds this year were grants made to Peak Empower from Sport England, The Lottery and Northampton Community Foundation.
Peak Empower received a number of grants to run sporting activities for those that cannot easily access them. However these activities had to postponed due to lockdown restrictions leading to £13702 grant income received for activities that will take place in the next financial year as soon as restrictions are lifted.
Peak Empower also received grants to help those particularly affected by Covid restrictions, which were still in progress at the period end.
FUTURE PLANS
Increase the number of inclusive recreational clubs Continue with the STEP programme to help those with particular issues in accessing work Expansion of the HERO program which provides recreational activities for Home Educated young people. Continue our work in helping those who are socially isolated.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
Elected by another board member and then voted on by the board
Induction and training of new trustees
Peak Empower has a range of policies and procedures, especially in regards to safeguarding. Everyone who works with our beneficiaries must be fully DBS checked and have training in safeguarding and inclusion.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1187913
Principal address
2 Walpole Way Boughton Northampton Northamptonshire NN2 8FN
Trustees
Ms C Byrne Mrs S Trewin Mr W Tuckfield Mrs V Edwin-Camp Mrs L Somers (resigned 6/7/2020)
Independent Examiner
Cottons Accountants LLP 1 Billing Road Northampton Northamptonshire NN1 5AL
Page 2
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Peak Empower
Statement of Financial Activities For The Period 12 February 2020 to 30 September 2020
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,154 64,509 Other income 41 - Total 5,195 64,509 EXPENDITURE ON Charitable activities Charitable activities 3,633 40,290 NET INCOME 1,562 24,219 TOTAL FUNDS CARRIED FORWARD 1,562 24,219 |
Total funds £ 69,663 41 69,704 43,923 25,781 25,781 |
|---|---|
The notes form part of these financial statements
Page 5
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Peak Empower
Notes to the Financial Statements For The Period 12 February 2020 to 30 September 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. TRUSTEES' REMUNERATION AND BENEFITS
Remuneration of £432.35 was paid to Verity Edwin Camp during the period for the running of activities.
continued...
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Peak Empower
Notes to the Financial Statements - continued For The Period 12 February 2020 to 30 September 2020
2. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
Expenses of £19.80 and £2,980.89 were paid to two trustees during the period in relation to reimbursed mileage.
3. TANGIBLE FIXED ASSETS
| 3. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| Additions | 364 | ||
| DEPRECIATION | |||
| Charge for year | 46 | ||
| NET BOOK VALUE | |||
| At 30 September 2020 | 318 | ||
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| £ | |||
| Other debtors | 114 | ||
| Prepayments and accrued income | 312 | ||
| 426 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| £ | |||
| Trade creditors | (1,525) | ||
| Other creditors | 2,192 | ||
| 667 | |||
| 6. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement | |||
| in funds | At 30/9/20 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 1,562 | 1,562 | |
| Restricted funds | |||
| Sports | 13,702 | 13,702 | |
| Wellness and Education | 968 | 968 | |
| Covid | 9,270 | 9,270 | |
| Training | 279 | 279 | |
| 24,219 | 24,219 | ||
| TOTAL FUNDS | 25,781 | 25,781 |
continued...
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Peak Empower
Notes to the Financial Statements - continued For The Period 12 February 2020 to 30 September 2020
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,195 | (3,633) | 1,562 |
| Restricted funds | |||
| Sports | 22,540 | (8,838) | 13,702 |
| Wellness and Education | 5,940 | (4,972) | 968 |
| Events | 347 | (347) | - |
| Covid | 35,267 | (25,997) | 9,270 |
| Training | 415 | (136) | 279 |
| 64,509 | (40,290) | 24,219 | |
| TOTAL FUNDS | 69,704 | (43,923) | 25,781 |
SPORTS
Autism Swim - Specialised Swimming Instruction for those with Autism, one course open to all those with autism and one course specifically for girls.
Cycling - Provision of adapted cycles and teaching over 14 year old disabled persons to ride a cycle
HERO - Group sporting activities for Home Educated Children to reduce social isolation and increase participation in sports. (Northampton & Milton Keynes)
Hula Hooping - Hula Hooping course for young carers and over 70's
Summer Activities - Adventure activities for socially isolated or vulnerable children during the school summer holiday.
Climbing - An inclusive climbing course based at Nene Centre Thrapston
Wilson Grant - Session supervisors for two inclusive club sessions a week
WELLNESS & EDUCATION
Respite Week - Outdoor activities for children who may have difficulties accessing this normally / also to give their Carers a respite period in school holiday
STEP mentoring - Support and advice for unemployed young people with particular needs and care leavers then expanded to include anyone who had lost their job over the pandemic.
This includes also helping them financially with food parcels, mentally with wellbeing classes and physically through access to online or outdoor sports sessions
Summer Program - Teaching life skills to young people
EVENTS
Science - Grant to run an activity during British Science Week
Magic Grants - Activity days for socially isolated children
continued...
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Peak Empower
Notes to the Financial Statements - continued For The Period 12 February 2020 to 30 September 2020
6. MOVEMENT IN FUNDS - continued
COVID
COVID WELLNESS - Provision of wellness packs to reduce feeling of isolation and reduce need in those particularly adversely affected by Covid restrictions. Provision on online courses that improve mental health.
Caring for Carers - Wellness packs for carers particularly adversely affected by Covid restrictions and Kindle Fires to care homes so that they can connect with family
COVID PPE - Provision of PPE to community groups to enable them to carry out their activities
TRAINING - Grant to enable staff to undertake relevant training
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 September 2020.
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Peak Empower
Detailed Statement of Financial Activities For The Period 12 February 2020 to 30 September 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Membership subscriptions Events Income Local lotteries Other income Other income Bank interest received Total incoming resources EXPENDITURE Charitable activities Wages Cost of charitable activity Event costs Subscriptions Insurance Computer and software Printing, postage & stationery Travel Sundries Clothing costs Rent Depreciation of tangible fixed assets Bank charges and interest Support costs Governance costs Accountancy and legal fees Total resources expended Net income |
£ 2,722 65,800 485 557 99 69,663 25 16 41 69,704 5,309 26,575 5,033 127 716 319 361 3,921 65 481 276 46 70 43,299 624 43,923 25,781 |
|---|---|
This page does not form part of the statutory financial statements
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