Spectrum Holidays
A Charity Registered in England & Wales Registration no: 1202291
Financial Statements and Trustees' Report
Financial Period to 14 March 2024
Legal and Administrative Information
Name:
Spectrum Holidays
Reg'd Charity No: 1202291
Structure Unincorporated association governed by a constitution.
Trustees:
Chair: Sophia Ainsworth Treasurer: Kayleigh Bell Secretary: Malcolm Cain Finance Officer: Courtney D’arcy-Ross Ross Stanton Carli Black Marianne Allan
Trustees are elected by the membership at each Annual General Meeting.
Address: 5 Boscobel Close Longbenton Newcastle Upon Tyne NE12 8WH Independent Examiner: Mark Thompson MAAT North Tyneside VODA
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Trustees' Annual Report
Objects and Activites
To relieve the needs of those experiencing long term disability and those who care for them, in particular, but not exclusively for people with autism spectrum disorder and co-morbidities consequent upon neurological disorders, in such manner as the trustees see fit provided that these shall be exclusively charitable and such support to include: the provision of affordable holidays and activities by means of sensory friendly and adapted holiday accommodation.
Spectrum Holidays works to support Neurodivergent and disabled people and their families by providing holiday accommodation around the UK. They also provide visual aids for people who may need additional support before or during their holiday. The charity has 2 holiday homes that they own and work with 19 partners giving them access to over 200 holiday homes. The charity works to subsidise stays making holidays more accessible financially.
All trustees of Spectrum Holidays carry out their duties regarding the public benefit as set out by the charity commission.
Achievements and Performance
Spectrum Holidays has helped over 256 people by providing subsidised holidays in the holiday homes that they own. They have also been able to work with their partners to assist a further 212 families have successful holidays.
By working with our partners we help make their holiday homes more accessible to the Neurodivergent community and to raise awareness and acceptance within the holiday industry.
Financial Review
The purpose of the Reserve Policy for Spectrum Holidays is to ensure the stability of the programs, employment, and ongoing operations of the charity. The Operating Reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one time unbudgeted expenses, unanticipated loss in funding, or uninsured losses.
As we are still a new charity we are spending time building up funds.
We currently have no concerns. As the charity has been successful in securing funding over the past 12 months and the charity also has income from the operational business.
Structure, Governance and Management
We ask all nominated trustees to submit an application form. The current trustees then vote to decide whether the appointment would be beneficial to the charity.
Trustees’ Responsibilities in relation to Financial Statements
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 1993.
Signed: ………….........……………….Chair, on behalf of Trustees Date: September 2024
INDEPENDENT EXAMINER'S REPORT
Report to the trustees of Spectrum Holidays
| On accounts for the year ended |
12 March 2024 Charity no 1202291 |
|---|---|
| Respective | The trustees of the organisation are responsible for the preparation of |
| responsibilities of | accounts; they consider that an audit is not required for this year under |
| trustees and | section 144(2) of the Charities Act 2011 and that an Independent |
| examiner | Examination is needed. |
| It is my responsibility to | |
| examine the accounts (under section 145 of the 2011 Act), | |
| follow the procedures laid down in the General Directions given by the | |
| Charity Commission (under section 145(5)(b) of the Act), and | |
| state whether particular matters have come to my attention. | |
| Basis of | My examination was carried out in accordance with General Directions |
| independent | given by the Charity Commissioners. An examination includes a review of |
| examiner’s | the accounting records kept by the charity and a comparison of the |
| statement | accounts presented with those records. It also includes consideration of |
| any unusual items or disclosures in the accounts, and seeking | |
| explanations from the trustees concerning any such matters. The | |
| procedures undertaken do not provide all the evidence that would be | |
| required in an audit, and consequently I do not express an audit opinion | |
| on the accounts. |
Independent In the course of my examination, no matter has come to my attention: examiner's 1. which gives me reasonable cause to believe that in, any material statement respect, the trustees have not met the requirements to ensure that: proper accounting records are kept (in accordance with section 130 of the Act); and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 30th August 2024 Name: Mark Thompson MAAT Address: VODA Spirit of North Tyneside Wing 2nd Floor, Wallsend Customer First Centre 16 The Forum Wallsend NE28 8JR
Spectrum Holidays
Statement of Financial Actitivies for the period ending 12 March 2024
| Receipts Transfer from Previous Association 2 Grants 4 Holiday Payments Fundraising Miscellaneous Income Total Receipts Payments Partnership Payments Security Bond Refund Travel Costs & Volunteer Expenses Replacement stock for caravan Site Fees Safe Space Beds Website/Mobile/Broadband Insurance Total Payments Surplus / deficit for the year Transfer between funds Funds at 13 March 2023 Funds at 12 March 2024 |
Unrestricted Restricted Total Funds Funds Funds 2023/24 2023/24 2023/24 £ 14400 14400 5047 5047 57913 57913 121 121 578 578 73012 5047 78059 42339 42339 10304 10304 4337 4337 1587 1587 4257 4257 4598 4598 2622 2622 225 225 65671 4598 70269 7341 449 7790 0 0 7341 449 7790 |
|---|---|
Spectrum Holidays Balance Sheet as at 12 March 2024
| Current Assets Cash at Bank Total Cash Balances Net Assets at 12 March 2024 Represented By: Restricted Funds Unrestricted Funds Total Funds at 12 March 2024 |
2024 £ 7791 7791 7791 449 7341 7790 |
|---|---|
The financial statements were approved by the following members of the Management Committee :
Chairperson Signed …………….……………………… Position ………………………………….. Trustee Signed …………….……………………… Position ………………………………….. 09/09/2024 Date ……………………………………….
Spectrum Holidays
Notes to the accounts, 2023/24
1. Basis of accounts
The financial statements have been prepared in accordance with 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 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
Spectrum Holidays meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Transfer from Unincorporated Association.
Funds were transferred when the organisation became a registered charity from the organisation when it was an unincorporated association.
3. Trustees and Staff
The organisation did not employ any staff during the period of the accounts. Trustees were reimbursed a total of £3,325 for expenses. (Included in Travel Costs and Volunteer Expenses).
4. Costs of financial services
The cost for the Independent Examination for the financial period will be £300
5. Grants
Grants received through the year: National Lottery 4547 Groundworks 500 Total Grants Received 5047
6. Fund Analysis Restricted Funds
Restricted Funds March 2023 Income Expend Mar-24 National Lottery 4547 4547 0 Groundworks 500 219 281 Total 0 5047 4766 281