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2024-03-31-accounts

Charity Registration No. 1188079

WORCESTER SNOEZELEN CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

WORCESTER SNOEZELEN CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees E Rhodes (Chair)
R Blackbourn (Vice-Chair)
V Blackbourn
B O'Connell
A Bard
J Haycock
J Parker
R Procopiou (Appointed 7 March 2024)
K Keenan (Appointed 7 March 2024)
Charity number 1188079
Registered office 3 Turnpike Close
Oldbury Road
Worcester
WR2 6AB
Independent examiner Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

WORCESTER SNOEZELEN CIO

CONTENTS

Page
Trustees' report 1 - 5
Statement of Trustees' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8 - 9
Balance sheet 10
Notes to the financial statements 11 - 32

WORCESTER SNOEZELEN CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 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 1 January 2019)".

Objectives and activities

The Worcester Snoezelen CIO is established to provide multi-sensory therapy facilities for people within the West Midlands.

Public Benefit

The trustees confirm that they have complied with their duties under Section 17 (5) of the Charities Act 2011 to have due regard to the guidance in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Achievement of Public Benefit

Our aim is to provide accessible leisure and therapy activities for people of all ages who have disabilities and additional needs. The Worcester Snoezelen continues to retain a person-centred approach and in doing so aims to make our users feel valued. We actively take steps to enquire how we can meet the needs of our users and through the unique skills and expertise of the team we are able to accommodate nuances in behaviour which may prevent some people accessing other community activities. The range of activities, which have been user led in their development, can also assist with; reducing social isolation, encouraging people to realise their self- worth and potential, reducing agitation and support stress management. The Worcester Snoezelen celebrates the diversity of the people who use it and their feedback is paramount to the success of our service.

Worcester Snoezelen continues to run a self- referral service at financially accessible prices. The staff team is made up of 8 part time and 4 fulltime staff members and 1 apprentice. Many of our staff are long standing and have an array of skills and talents they use for the benefit of our members. Retaining staff and developing their skills helps continuity, enhances the quality of our provision and enthuses the staff team as a whole.

Quality Assurance

Worcester Snoezelen is a committed disability friendly place and is registered with the Disability Confident provider scheme. Policies and Procedures are reviewed regularly by staff and trustees to ensure they are current.

WORCESTER SNOEZELEN CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Review of Activities 2023 - 2024

In September 2023 we proudly celebrated 30 years of Worcester Snoezelen offering life enhancing sensory activities. We marked our 30[th] year in several ways including our Arts Auction and Exhibition, 30[th] Celebration Showcase and community performances from Rock school. It was a wonderful opportunity to look back on how the charity had developed around the needs of the people who use our services. Additionally we took the opportunity at these engagement events to collect data and impact information from the people who use our services about the future of Snoezelen.

Our 30[th] year brought great joy to the charity with support from the Kildare Trust, which generously pledged a large sum to help develop the charity. This grant provided the opportunity for the charity to finally develop services and respond to demand. A phased capital project was created with professional input from One Creative ltd. Working with our landlords, the University of Worcester, we gained security of tenure by buying our building along with the adjacent land. Plans include refurbishing our existing building and creating facilities.

This year we have become registered as a Living Wage Employer. This is something we feel is of great importance given the financial climate and also how we value our talented staff. We recognise this increases the overall running costs within a time of austerity however the staff team and their wealth of talents and experience cannot be undervalued. They contribute directly to the overall success and sustainability of the charity offering high quality services.

We were delighted to have had such a community presence within our 30[th] year. There were 4 performances from Rock school and other musicians who access our music service. These included Party in the Park, Worcester Festival, Worcester Music Festival, an Aspire annual event. We also partnered with Jigsaw to create a piece of artwork to be on display on top of the Hilton Rd Screen House, Plinth. The artwork featured 150 colourful ribbons which were lit up and waved in the wind. The diversity of the colours reflected the diversity of Worcester Snoezelen and the people that make it so vibrant. We enjoyed publicity in the paper and when the installation moved to the Worcester Hive.

Our 30 year Showcase was a partnership event supported by the Arts Council. We hired the Bank House Hotel function room which added value to the event and partnered with Lollipop theatre who performed sign signing, Dancefest who performed an inclusive dance piece and Dance instructor Sabi spent time with our dancers to teach them an Indian dance piece. The event also saw a group yoga session with our members demonstrating yoga for the audience to join in with. It was an evening of much joy and the diversity of the event very much mirrored the eclectic nature of our services.

The richness of talent within our staff team allows for our in-house social events which were well attended. Our popular BBQ took place on a beautiful sunny July evening with our musicians providing entertainment. This event was supported by Droitwich Lions who provided the food and did the barbequing. Our Halloween disco is always a favourite with everyone dressing up and Halloween games and music. The annual boat trip with the Willow Trust saw our Activity Wednesday members enjoy music and games on board the boat.

WORCESTER SNOEZELEN CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

We continued to run our core services and having recruited an Intern through the Rank Foundation, Time to Shine initiative we were able to capture qualitative and quantative data which demonstrates the reach of our services. The centre saw 13,213 sessions attended within the year. This included 4,160 attended sessions of music, 5,470 attended sensory room sessions, 1754 attended hydro pool sessions and Activity Wednesday, Sensory Play, Rock School, Baby Swim and Snoezey Sunday. Data collection showed that 75% of Activity Wednesday attendees said their FITNESS had improved, 100% of Activity Wednesday attendees said they made new FRIENDSHIPS at the session, 94% of Activity Wednesday attendees said their HAPPINESS improved, 56% of Activity Wednesday attendees said they learnt new SKILLS at the session.

Our Activity Wednesday service has continued to be a very popular day made up of activities such as cooking, sports, music, trips out and games. Sadly we have had to put restrictions on numbers of 60 people for our Activity Wednesday and Sounds Inclusive sessions due to size limitations on the premises we rent. This has not felt in keeping with our self- referral services and we look forward to having new facilities onsite within our phased future developments so that we can cater for this demand. Currently phone lines open on Mondays at 12pm and the spaces are full within ten minutes.

In addition to our core services we also delivered sessions for HAF, the Government funded Holiday Activity Food initiative. These sessions took the form of 2 hours open access of the centre with healthy food snack bags for free school meals children. These sessions were popular and we were delighted to meet new families who have repeatedly accessed the HAF provision to use us as an SEND provider. We are pleased to hear that we will also be providers of Shortbreaks through the same funder; Suttoncroft

We were saddened to lose our Community Engagement staff member and recognised the key role she played in helping us survive through the pandemic. There are plans to recruit a bid writer in the future. We recruited for a Data and Impact Intern with great success. This is a new role which we feel will have considerable benefit on the charity. We also welcomed a support staff member to support our activities.

The training taken part by members of the staff team included the mandatory Safeguarding, Health and Safety and Fire Safety and also included GDPR, Fundraising Regulations, Music Evaluation and Bid writing. In addition the Chief Officer commenced a Post graduate Play therapy diploma having successfully completed the certificate in Therapeutic Play with PTUK. The YSS Conference was attended and directly related to young carers which given the siblings we meet within our Snoezey Sundays we felt was very beneficial. Our Data and Impact Intern, Time to Shine Leader, and Chief officer, attended the Rank Foundation Time to Shine Welcome Leaders Conference in January.

We have been very grateful to the support from local groups who have given up their time to support the aims of the charity. Sanctuary Group have given volunteer days to make the garden look beautiful in preparation of the 30[th] Celebration event. Additionally the individuals who have so kindly given of their own time, treasure and talent to support the charity’s aims. This sort of fundraising and support helps the charity to continue thriving year on year. We also thank the people who use the Worcester Snoezelen for life enhancing activities and sensory therapy. Our eclectic members and the incredible staff team are what make Worcester Snoezelen the hub of sensory joy it has become over 30 years.

The need for revenue and core cost grants to assist with the sustainability of the charity is as prevalent as ever with cost of living increases. We are currently able to generate 55%- 60% of our income through the heavily subsidized fees and charges of services. The deficit is made up through grants, donations and sponsored activities.

Financial review

This year total incoming resources exceeded outgoing resources by £630,320 (2023: £30,495 outgoing exceeding incoming resources). During the year a grant of £631,000 was received from The Kildare Trust to assist with the purchase of the charity building and its development.

The total funds held by the charity at the year end amounted to £1,048,818 (2023: £418,498), this included restricted funds of £808,334 (2023: £230,895) and designated funds of £41,900 (2023: £41,900).

Free reserves which includes the amount of unrestricted funds at the year end excluding tangible fixed assets amounted to £180,287 (2023: £119,356).

WORCESTER SNOEZELEN CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month's expenditure, which has been achieved this year. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised.

Future Plans

We are working toward a 3 phased capital project with Phase 1 being partially complete having purchased the building The Worcester Snoezelen, 3 Turnpike Close. Phase 1 will be finalised after Groundworks, moving of the temporary portacabins and the creation of a temporary carpark.

Phase 2 is due to begin in December 2024 and includes a refurbishment on existing areas of the centre and a capital build of an extension creating sensory wing. Accessibility will be improved by means of wider corridoes and a new entrance into the main building.

With the additional land within our boundary we are now able to plan for a new, much larger sensory garden to provide diversity to our multi-sensory services. For those who travel from longer distances this offers more opportunity to extend their visit while still remaining financially accessible. The garden will include garden rooms so that the outdoor space can still be used within adverse weather conditions. Additionally it will provide opportunities for community groups to use this space, access to gardening with raised planters, a memory garden, sensory tunnel, bridge and hidey holes as well as sensory equipment.

Funding for phase 3 will need to be secured. This development sees the centre having a further extension which creates a larger hall space for group activities. Additionally we will be able to replace our temporary portacabins which currently accommodate our popular music service, offices and our multi-purpose arts/yoga/meeting space. As per feedback from members plans have been drawn up to create better parking facilities, a rebound therapy room to support physical health and provide activities which are limited and harder to find in the community.

These new facilities will create space for new therapies to be offered. Within the architectural plans 3 therapy rooms are accommodated within a mezzanine. We envisage these to be used for Play Therapy, Sound Therapy, Theraplay, Yoga, Arts and other complimentary therapies such as massage. We have included space for a room to be used for the community so that disability groups can benefit from our facilities with delivery from outside providers such as Physiotherapists and Occupational therapists.

With the additional land within our boundary we are now able to plan for a new, much larger sensory garden to provide diversity to our multi-sensory services. For those who travel from longer distances this offers more opportunity to extend their visit while still remaining financially accessible. The garden will include garden rooms so that the outdoor space can still be used within adverse weather conditions. Additionally it will provide opportunities for community groups to use this space, access to gardening with raised planters, a memory garden, sensory tunnel, bridge and hidey holes as well as sensory equipment.

We also plan to recruit a Bid Writer to assist with seeking revenue capital grants.

Structure, governance and management

The charity is a charitable incorporated organisation, governed by a Constitution registered with the Charity Commission on 20 February 2020. The accounts incorporate Worcester Snoezelen, a linked charity, which is an unincorporated registered charity, constituted by a Trust deed adopted 23 September 1992 as amended 1 July 1993, 23 September 1996 and 18 September 2000, as amended on 16 February 2016.

WORCESTER SNOEZELEN CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees who served during the year and up to the date of signature of the financial statements were:

E Rhodes (Chair) R Blackbourn (Vice-Chair)

V Blackbourn B O'Connell A Bard J Haycock J Parker R Procopiou (Appointed 7 March 2024) K Keenan (Appointed 7 March 2024)

Recruitment and appointment of new trustees

Members of the board are selected by invitation; most are representatives of different user groups. Invitations are extended to persons who have demonstrated an interest in the work of the charity.

Organisational structure

The charity is managed by its Chief Officer who is responsible for the staff, volunteers, premises and equipment. The Chief Officer is overseen by the Board of Management, who are Trustees of the charity, and they are also responsible for setting the remuneration of key management personnel. The Board meets on average eight times a year.

Risk Management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Every reportable incident is communicated to the Trustees at the two monthly management meeting and the Chief Officer explains the detail of the incident and the action taken.

All policies are regularly review by individual trustees and staff on a rolling annual basis.

The Trustees' report was approved by the Board of Trustees.

E Rhodes (Chair)

Trustee

17 October 2024

WORCESTER SNOEZELEN CIO

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WORCESTER SNOEZELEN CIO

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WORCESTER SNOEZELEN CIO

I report to the Trustees on my examination of the financial statements of Worcester Snoezelen CIO (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sarah Morley ACA

Kendall Wadley LLP

Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Dated: 17 October 2024

WORCESTER SNOEZELEN CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
24,908
-
731,837
Charitable activities
4
205,742
-
-
Other trading activities
5
23,344
-
-
Investments
6
1,346
-
-
Total income
255,340
-
731,837
Expenditure on:
Raising funds
7
2,699
-
-
Charitable activities
8
196,836
-
157,322
Total resources expended
199,535
-
157,322
Net incoming/(outgoing) resources
before transfers
55,805
-
574,515
Gross transfers between funds
13
(2,924)
-
2,924
Net income/(expenditure) for the year/
Net movement in funds
52,881
-
577,439
Fund balances at 1 April 2018
145,703
41,900
230,895
Fund balances at 31 March 2024
198,584
41,900
808,334		 Total
2024
£
756,745
205,742
23,344
1,346
987,177
2,699
354,158
356,857
630,320
-
630,320
418,498
1,048,818		 Total
2023
£
123,625
176,991
11,767
482
312,865
1,541
341,819
343,360
(30,495)
-
(30,495)
448,993
418,498

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

WORCESTER SNOEZELEN CIO

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year
Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
25,433
-
98,192
Charitable activities
4
176,991
-
-
Other trading activities
5
11,767
-
-
Investments
6
482
-
-
Total income
214,673
-
98,192
Expenditure on:
Raising funds
7
1,541
-
-
Charitable activities
8
204,857
-
136,962
Total resources expended
206,398
-
136,962
Net incoming/(outgoing) resources before
transfers
8,275
-
(38,770)
Net income/(expenditure) for the year/
Net movement in funds
8,275
-
(38,770)
Fund balances at 1 April 2022
137,428
41,900
269,665
Fund balances at 31 March 2023
145,703
41,900
230,895		 Total
2023
£
123,625
176,991
11,767
482
312,865
1,541
341,819
343,360
(30,495)
(30,495)
448,993
418,498

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

WORCESTER SNOEZELEN CIO

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Intangible assets
14
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
19
Unrestricted funds-general
Designated funds
20
General unrestricted funds		 2024
£
£
6,232
647,126
653,358
23,253
405,854
429,107
(33,647)
395,460
1,048,818
808,334
41,900
198,584
240,484
1,048,818		 2023
£
£
8,640
219,555
228,195
66,002
138,432
204,434
(14,131)
190,303
418,498
230,895
41,900
145,703
187,603
418,498		 2023
£
£
8,640
219,555
228,195
66,002
138,432
204,434
(14,131)
190,303
418,498
230,895
41,900
145,703
187,603
418,498
228,195
190,303
418,498
230,895
187,603
418,498

The financial statements were approved by the Trustees on 17 October 2024

E Rhodes (Chair) Trustee

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Worcester Snoezelen is an unincorporated charity. The registered office is 3 Turnpike Close, Oldbury Road, Worcester WR2 6AB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 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 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 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 to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees 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 financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received 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.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Resources expended

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.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 5 years

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Nil
Leasehold land and buildings 5% on cost
Plant and equipment 5% on cost
Fixtures and fittings 5% on cost
Music project 10% on cost
Portacabins 10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2024
2024
£
£
Donations and gifts
2,057
-
Legacies receivable
22,851
-
Grants received
-
731,837
24,908
731,837
For the year ended 31 March 2023
25,433
98,192
Donations and gifts
Droitwich Lions
-
-
Other
2,057
-
2,057
-		 Total
2024
£
2,057
22,851
731,837
756,745
-
2,057
2,057		 Total
2023
£
5,571
5,300
112,754
123,625
123,625
400
5,171
5,571

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3
Donations and legacies
Grants receivable for core activities
Children in Need
Laslett's Charities
Together Fund
WCC Cllr, Steve Mackay, St Peter Division
Arnold Clark
Rank Foundation
The Dumbreck Charity
Douglas Arter Foundation
Masonic Charitable Foundation
Sanctuary Housing
Edward Gostling Foundation
WCC Cllr Richard Udall, St Johns Division
The Patrick Trust
Sports Partnership Hereford and Worcestershire
Sutton Croft Ltd - HAF Winter Funding 2023
High Sheriff of Worcester
Six Masters Charity
Social Enterprise - Big Issue
WCC Cllr Simon Geraghty, Riverside Division
The National Lottery Community Fund - Reaching
Communities
Youth Music
Arts Council England
Baily Thomas
Pedmore Sporting Club
WCC Cllr Mal Allcott
Worcester City Council - Small Grant
Government Grants Receivable
The Percy Bilton Charity
WCC Cllr Matthew Jenkins
B&Q
Boshier Hinton Foundation
Margeret Westwood Memorial Charity
Persimmon Charitable Foundation
Roger and Douglas Turner Charitable Trust
The Bruce Wake Charitable Fund
The Postcode Local Trust
Worcestershire Children's First HAF Grant
Worcester City Parish
Edgar E Lawley
Worcestershire County Council - Short breaks
Eveson Charitable Trust
The Kildare Trust
Co-Operaive Community Fund Grant		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
6,063
-
600
-
46,705
-
-
-
-
-
500
1,000
2,359
10,885
-
-
-
600
-
9,815
9,900
-
-
600
4,000
-
-
-
-
-
-
-
3,000
-
-
2,140
-
-
-
-
631,000
2,670
731,837		 (Continued)
-
-
6,063
5,845
-
4,000
600
600
-
500
46,705
210
-
500
-
500
-
11,000
-
2,200
-
10,000
500
-
1,000
-
2,359
-
10,885
-
-
5,500
-
2,000
-
14,100
600
500
-
-
9,815
10,905
9,900
1,500
-
-
-
3,794
600
1,000
4,000
3,000
-
-
-
2,488
-
550
-
-
-
-
-
-
-
-
3,000
3,000
-
-
-
-
2,140
3,000
-
500
-
-
-
5,562
-
20,000
631,000
-
2,670
-
731,837
112,754		 (Continued)
-
-
6,063
5,845
-
4,000
600
600
-
500
46,705
210
-
500
-
500
-
11,000
-
2,200
-
10,000
500
-
1,000
-
2,359
-
10,885
-
-
5,500
-
2,000
-
14,100
600
500
-
-
9,815
10,905
9,900
1,500
-
-
-
3,794
600
1,000
4,000
3,000
-
-
-
2,488
-
550
-
-
-
-
-
-
-
-
3,000
3,000
-
-
-
-
2,140
3,000
-
500
-
-
-
5,562
-
20,000
631,000
-
2,670
-
731,837
112,754
112,754

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Leisure and
Leisure and
therapy therapy
2024 2023
£ £
Leisure and therapy 205,742 176,991
5
6
7		 Other trading activities
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising events
23,344
11,767
Investments
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Interest receivable
1,346
482
Raising funds
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising and publicity
Fundraising events
2,699
1,541
2,699
1,541		 Other trading activities
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising events
23,344
11,767
Investments
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Interest receivable
1,346
482
Raising funds
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising and publicity
Fundraising events
2,699
1,541
2,699
1,541
1,541

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Charitable activities

Leisure & Leisure &
Therapy Therapy
2024 2023
£ £
Staff costs 244,879 236,056
Depreciation and impairment 25,617 22,384
Equipment 8,399 12,163
Training 1,010 2,578
Music 9,661 1,000
Trips - 499
Professional Fees - 780
Sports Equipment 657 1,075
Art Auction expenses 3,239 2,833
293,462 279,368
Share of support costs (see note 10) 50,742 56,361
Share of governance costs (see note 10) 9,954 6,090
354,158 341,819
Analysis by fund
Unrestricted funds - general 196,836 204,857
Restricted funds 157,322 136,962
354,158 341,819

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10
Support costs
Support
costs
Governance
costs
£
£
Operating lease charges
2,738
-
Rates and water
1,465
-
Insurance
5,608
-
Light and heat
11,810
-
Telephone
1,393
-
Postage and stationery
324
-
Advertising
1,939
-
Sundries
2,551
-
Repairs / cleaning
10,797
-
Subscriptions
3,939
-
Health & Safety
2,084
-
Travel
3,962
-
Staff training
2,132
-
Accountancy
-
3,000
Legal and professional
-
6,954
50,742
9,954
Analysed between
Charitable activities
50,742
9,954		 2024Support costs Governance
costs
£
£
£
2,738
3,426
-
1,465
753
-
5,608
5,913
-
11,810
11,452
-
1,393
3,871
-
324
29
-
1,939
2,126
-
2,551
2,568
-
10,797
14,206
-
3,939
3,766
-
2,084
1,821
-
3,962
1,879
-
2,132
4,551
3,000
-
3,000
6,954
-
3,090
60,696
56,361
6,090
60,696
56,361
6,090		 2023
£
3,426
753
5,913
11,452
3,871
29
2,126
2,568
14,206
3,766
1,821
1,879
4,551
3,000
3,090
62,451
62,451

Governance costs includes payments to the independent examiners of £3,000 (2022: £2,340) for accountancy fees.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
13
2024
£
226,554
10,742
7,583
244,879		 2023
Number
13
2023
£
220,003
8,792
7,261
236,056

No employees received total employee benefits of more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Transfers

£2,924 was transferred from unrestricted to restricted funds in the year to fund overspends.

14 Intangible fixed assets

Cost
At 1 April 2023
Additions - internally developed
At 31 March 2024
Amortisation and impairment
At 1 April 2023
Amortisation charged for the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Software
£
14,400
590
14,990
5,760
2,998
8,758
6,232
8,640

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 April 2023
-
Additions
444,869
At 31 March 2024
444,869
Depreciation and impairment
At 1 April 2023
-
Depreciation charged in the year
-
At 31 March 2024
-
Carrying amount
At 31 March 2024
444,869
At 31 March 2023
-		 Leasehold
land and
buildings
£
260,943
-
260,943
200,932
4,287
205,219
55,724
60,011		 Plant and
equipment
Fixtures and
fittings
Music project
Portacabins
£
£
£
£
126,520
212,263
34,954
20,387
-
5,321
-
-
126,520
217,584
34,954
20,387
57,814
132,046
28,410
16,310
6,325
6,471
3,497
2,039
64,139
138,517
31,907
18,349
62,381
79,067
3,047
2,038
68,706
80,217
6,544
4,077		 Total
£
655,067
450,190
1,105,257
435,512
22,619
458,131
647,126
219,555

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
20,146
3,107
23,253		 2023
£
34,665
31,337
66,002

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
833
28,712
-
4,102
33,647		 2023
£
929
7,912
22
5,268
14,131

18 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit and loss in respect of defined contribution schemes was £7,583 (2023: £7,261).

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March
2024
£ £ £ £ £ £ £ £ £
Kitchen Extension 64,297 - (4,287) - 60,010 - (4,287) 1 55,724
Hydro-therapy Pool 59,965 - (6,325) - 53,640 - (6,325) - 47,315
Buildings and Equipment 1,728 - (1,728) - - - - - -
Equipment Fund 39,138 - (1,993) - 37,145 - (1,893) - 35,252
Interactive Installation 5,361 - (358) - 5,003 - (358) - 4,645
Laslett's Charities 2,057 5,845 (7,902) - - 6,063 (6,054) - 9
Children in Need 6,645 - (6,645) - - - - - -
Eveson Charitable Trust - 20,000 - - 20,000 - (20,034) 34 -
Prime Foundation 739 - (739) - - - - - -
Pedmore Sporting Club Trust - 3,794 (200) - 3,594 - (200) - 3,394
The Percy Bilton Charity 2,813 2,488 (2,488) - 2,813 - - - 2,813
WCC Cllr Matthew Jenkins, St Stephen Division - 550 (550) - - - - - -
William A Cadbury Charitable Trust 850 - (850) - - - - - -
Baron Davenport's Charity - - - - - - - - -
Harrison Clarke Rickerbys' Charitable Trust 551 - - - 551 - - - 551
C/fwd 184,144 32,677 (34,065) - 182,756 6,063 (39,151) 35 149,703

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March
2024
£ £ £ £ £ £ £ £ £
B/fwd 184,144 32,677 (34,065) - 182,756 6,063 (39,151) 35 149,703
Edward Cadbury Charitable Trust 1,000 - (1,000) - - - - - -
The Edward Gostling Foundation - 10,000 - - 10,000 - (10,000) - -
WCC Cllr Steve Mackay, Worcester St Peter Division 492 600 (50) - 1,042 600 (80) - 1,561
WCC Cllr Simon Geraghty, Riverside Division 894 500 (787) - 607 600 (117) - 1,090
The National Lottery Community Fund - Reaching
Communities 40,813 - (40,813) - - - (699) 699 -
Rank Foundation - Time 2 Shine - 210 (210) - - 46,705 (46,759) 54 -
C/fwd 227,343 43,987 (76,925) - 194,405 53,968 (96,806) 788 152,354

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March
2024
£ £ £ £ £ £ £ £ £
B/fwd 227,343 43,987 (76,925) - 194,405 53,968 (96,806) 788 152,354
Worcester City Council - Small Grant for SnoezeyFest - - - - - 4,000 (4,000) - -
Worcestershire County Council - Small grant for Art
Auction - 3,000 (3,000) - - - - - -
Arts Council England - - - - - 9,900 (9,900) - -
Baily Thomas 15,000 - (7,280) - 7,720 - (7,720) - -
B&Q 4,853 - (951) - 3,902 - - - 3,902
Margeret Westwood Memorial Charity 1,493 - (75) - 1,418 - (115) - 1,303
Persimmon Charitable Foundation 963 - (258) - 705 - (218) - 487
Roger and Douglas Turner Charitable Trust 1,955 - (108) - 1,847 3,000 (109) - 4,737
The Bruce Wake Charitable Fund 1,202 - (61) - 1,141 - (61) - 1,080
The Postcode Local Trust 13,793 - (13,793) - - - - - -
Worcestershire Children's First HAF Grant 3,063 3,000 (2,578) - 3,485 2,140 (39) - 5,585
Together Fund Grant - 4,000 (4,000) - - - (600) 600 -
Arnold Clark Community Foundation - 500 (500) - - - - - -
Capital Grants-Sanctuary Housing - 2,200 (2,200) - - - - - -
C/fwd 269,665 56,687 (111,729) - 214,623 73,008 (119,568) 1,388 169,448

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

Restricted funds (Continued)
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2022 resources expended 1 April 2023 resources expended 31 March
2024
£ £ £ £ £ £ £ £ £
B/fwd 269,665 56,687 (111,729) - 214,623 73,008 (119,568) 1,388 169,448
High Sheriff of Worcester - 2,500 - - 2,500 - (96) - 2,404
Six Masters Charity - 1,000 (1,000) - - - - - -
Social Enterprise Big Issue - 14,100 (14,100) - - - - - -
Youth Music - 10,905 (8,633) - 2,272 9,815 (12,087) - -
WCC Cllr Mel Allcott, Claines Division - 1,000 (1,000) - - 600 (30) - 570
The Dumbreck Charity - 500 (500) - - - - - -
The Douglas Arter Foundation - 500 - - 500 - - - 500
Masonic Charitable Foundation - 11,000 - - 11,000 - (9,843) - 1,157
The Kildare Trust - Big Build - - - - - 631,000 - - 631,000
Co-Operative Community Fund Grant - - - - - 2,670 (1,776) - 894
WCC Cllr Richard Udall, St Johns Division - - - - - 500 (500) - -
The Patrick Trust - - - - - 1,000 (1,000) - -
Sports Partnership Hereford and Worcestershire - - - - - 2,359 - - 2,359
Sutton Croft Ltd - HAF Winter Funding 2023 - - - - - 10,885 (12,422) 1,537 -
269,665 98,192 (136,962) - 230,895 731,837 (157,322) 2,924 808,334

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

Kitchen Extension - This fund represents grants received specifically for the purpose of improving the kitchen area at the charity's premises

Hydro-Therapy Pool - This fund has enabled the construction of a specialist hydrotherapy pool at the charity's premises, and is entirely represented by fixed assets. The fund balance is reduced annually by the depreciation in value of the pool at rates detailed in the accounting policies

Buildings and Equipment/Equipment Fund - These funds represent grants and donations received specifically for the provision of new equipment

Interactive Installation - A programme of digital and engagement activities were delivered with this funding, with a focus on supporting disabled people who face barriers to accessing public wellbeing services. These funds were received and utilised during the year for the installation of interactive equipment and also for the provision of staff to lead the programme. The remaining fund balance is represented by fixed assets

Laslett's Charities - This fund represents monies received in connection the white room refit, of which the expenses were capitalised during this year

Children in Need - Restricted to provision of the Children's Sensory Play sessions.

The Eveson Trust - A grant received for sensory play equipment and core costs

Prime Foundation - A grant received to be used for White room equipment and music equipment.

Pedmore Sporting Club Trust Fund - A donation received for a new sound cradle

The Percy Bilton Charity - A donation received for a new amplifier and microphone stand

WCC Cllr Matthew Jenkins, St Stephen Division - A donation received for the repair/replacement of hoists or other centre facilities.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

William A Cadbury Charitable Trust - A donation received for Community Disability Awareness project

Baron Davenport's Charity - A donation received for Snoezey Sundays including staff costs and pool running costs

Harrison Clarke Rickerbys' Charitable Trust - A donation for piano and stand

Edward Cadbury Charitable Trust - A donation received for Community Disability Awareness project

The Edward Gostling Foundation - Money received towards sensory therapy

WCC Cllr Steve Mackay, Worcester - St Peter Division: Received for music speakers and lead.

WCC Cllr Simon Geraghty, Riverside Division - £900 received for Bubble Tubes.

The National Lottery Community Fund - Reaching Communities: A grant for Coffee Lounge project repurposed to core costs May 2021.

Rank Foundation - Time 2 Shine Leader programme

Rank Foundation - Time 2 Shine Bursary for accountancy training

Worcester City Council - Small Grant for SnoezeyFest

Worcester City Council - Health & Hardship: A grant towards activity days

Arts Council England - Restricted to the provision of "SnoezeyFest"

Baily Thomas - Emergency Grant to restart the delivery of service, emergency funding

B&Q Foundation - Restricted to sensory garden makeover.

Margeret Westwood Memorial Charity - For the purchase of rainbow chimes and garden furniture.

Persimmon Charitable Foundation - Restricted to sensory garden makeover.

Roger and Douglas Turner Charitable Trust - Restricted for the purpose of a vibro-acoustic settee.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

The Bruce Wake Charitable Fund - Restricted for the purchase of a mobile hoist.

The Postcode Local Trust - Restricted for the employment costs and salary of the Music Leader.

Worcestershire Children's First HAF Grant - Restricted for staff training and provision of a Christmas event.

Together Fund - A donation for Yoga project

Arnold Clark Community Foundation - A donation for trip to Slimbridge

Sanctuary Housing - A donation for bubble tubes & wall

The Dumbreck Charity - A donation for a bubble tube

The Douglas Arter Foundation - A donation for a projector

Masonic Charitable Foundation - A donation for therapeutic play project

Social Enterprise Support Fund - A donation for therapeutic play project

The Kildare Trust - Big Build - Monies received to fund a phased capital development of the charity's premises, including its purchase.

Co-Operative Community Fund Grant - This project helped people with learning disabilities learn new skills in the kitchen.

WCC Cllr Richard Udall, St Johns Division - Musical instruments specifically percussion for our members.

The Patrick Trust - Towards a security alarm.

Sports Partnership Herefordshire and Worcestershire - Monies received from Sport England to support the costs of yoga for people with disabilities.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

Sutton Croft - HAF Winter Funding - to cover training costs of Play Therapy and yoga along with delivery of HAF sessions.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming
Balance at
1 April 2022 resources 1 April 2023 resources 31 March 2024
£ £ £ £ £
Wind up reserve 41,900 - 41,900 - 41,900
41,900 - 41,900 - 41,900

Wind up reserve - represents money set aside to cover the charity's statutory requirements in respect of redundancy payments and contractual agreements.

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented
by:
Intangible fixed assets
6,232
-
-
Tangible assets
12,065
-
635,061
Cash
190,681
41,900
173,273
Current assets/(liabilities)
(10,394)
-
-
198,584
41,900
808,334		 Total Unrestricted
funds
Designated
funds
Restricted
funds
2024
2023
2023
2023
£
£
£
£
6,232
8,640
-
-
647,126
17,707
-
201,848
405,854
87,485
41,900
9,047
(10,394)
31,871
-
20,000
1,048,818
145,703
41,900
230,895		 Total
2023
£
8,640
219,555
138,432
51,871
418,498

WORCESTER SNOEZELEN CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Related party transactions

There were no disclosable related party transactions during the year (2023: none).