## **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
..
## **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**