Re8iStered Charlty Number 1202418 Yorda Adventures tharltable Incorpordted Or8anlsation Report of the Trustees and Unaudited Flnanclal Statements For the year endèd 31 March 2024
Yorda Adventures Charltable Intorporated Organlsatlon Contents of the Nnanclal Statements For the year ended 31 March 2024 Charity inform*ion Report of the Trustee5 Report of the Independent Examiner Statement of Flnanclal Activltles Statement of Financial position Note5 to the financlal statements
Yorda Adventures Charitable Inc00rdted Oryanlsation Chrfty InfornwtloTr Twgtee&' Alice Howard (Chair) A1150n Sortleet Dr Barry Sta Mithael Swordy Michelle Tomlin50n Chiel Executive Ollker Lgura Smyth Charlty Number 1202418 Rezistsred office Yorda Playhouse Devon Way Chessington i(r9 2RJ Independent Examiner Alec Bee50n Q3The Square Randalls Way Leatherhead KT22 7TW RecNltmentand Tr•hnI of Trustees Trustees are competent persons who throu8h residence. occupatlon or employment, or otherwise. have spedalist knowled8e of an area of expertise of benefit to the Charity. Most trustees, on appointmenL are already familiar with the prattlol work of the Charity. A Trustee Induttion Pack Is in operation whith includes copies of the last publlshed financial ststements of the charity, its most rent mana8ement accounts. a statement of trusteeg responslbllitie5 and 8uidance on the requlrements of The Chartty Commission.
Yarda Adventures Charftaljle In¢orporatsd Or8anlsatlon Report of the Trustees The year under revlew represents Yorda'5 flrst fvll year as a charity. Yorda was 3 Community Interest Company prior to its reglstratlon as a charlty on 21 March 2023. This rÈpDrt technically covers the e1ve months from l Aprfl Z023 to 31 March 2024 buL because these are the first financial statements to be prodUd Sift Yorda became a charity. it is worth refiecting on the reasons why and how it has tran51tloned from Its former 5tatU5 as a Community Interest Company. Purpose ofthe Charlty The purpose Dfyorda as a chartty remainsthe as it was when It was 8 community interest company namety, to Ènhancè the liv of children and young people with reaming andlor physical dtsabitIes by the provi5i4)n of recreational attlvlties and support fo¥ their parents. famllles and rdrers from premises in the London 8orou8h ot Kingston Upon Thames. TransltSon from Communlty Interest Conyany to Charltable Incorporated Or£aatIOn The declslon to transltion to a charity was not taken Ilghtty as it was clear from the outset that this would nece55itate a change in governance arrangements and that there would be a number of adrninistratrve changes that would haveto be made. The key drlverof the ¢han8e was the wish foryorda to be percelved corredy by potentlal donors. The conpt of the Community 5nterest Company was introduced by legislation In 2IXIS to recognise a special type of company which exists to benefit the communtty rather than private sharehoklers. However, Yonla has found a relètively limited understanding amongst potential donor5 about Its ststus as a not-for-profit or8an15atton. The transition to a charity has remedled this perception issue aswell as pnwidlng addltlonal benefits in term5 of access toGift Aid and a potentlaHy wider range of grant givers whom it may approach for funds. On W March 2023 Yorda adopted the Ch4rityComm15slon model Constut10n fora Foundation Charltable Incorporated Organisation. Its former directors, including foundFn8 dlrector Laura Smyth resigned, and were replaced by the current Board of Trustees. Yorda Adventures Community Interest Company was closed at Companles House on 20 March 2023 and Yorda Adventures Charitsble Incorporated Organlsatlon was reglstered at the Charities Commission on 21 March 2023. Publlc Benefit The Trustees ¢onfirm that they have complied with the duty In Sertion 4 of the Charitie5 Att 2011 to have regard to the Charity Commission's Beneral guldar)ce on public benefft.
Yorda AdVenre$ Charitsble In¢orporated Or8anisatlon Report of the Trusttt51contlnuedl Aange of Servkes In the Perfod Yorda has provided reeatIonal artivit5 from the Yorda Plavhouse In Chessington throughout the year. During the school ternis It has run an after-school club to provlde short breaks and play facilitles to chIldn and young people wlth ongoin8 special educational need and dlsabllltles. Typl¢ally, each young person enJoySng Yord3'5 facilities is supported In thelr play by a desi8nated playworker. AcrivFtles include playing on specialist equipment includlng a sunken trampoline. swlngs. companion bikes, *nsory lights. maglc mat and bouncy 5tntUreS. All equlpment and the general environment is designed to provlde a safer environment forchildren and young people with a wide range of needs. In the School hollday5 it runs childcare sessH)ns throughout the day for Its cohort of tlient5. The playhouse 15 also avallable In term time for hire by schools wishin8 to utilise Yorda's speclalist play faclltties ènd, atthe weekends. for partiès and for Its elients to come and play wlth other family meFnbers. Yorda regards tts principal achievements as being brlngingenJoyment to its cltents as well as helping them to enhance thebr emotlonal control and their ability to act illdependently. Its family-based activlties help to provide support and reduce the Isolation that many parents of such chlldren often experience and to help enhance the family unit by the wovlslon of shad experierKes for all famlty members to enjoy. Flnancial Revl win The year under VIeW proved to be very challenElng financially. The well publicised cost of Irvin8 crisis continues to weigh heavily the budgets of the families and public bodies to whom Yorda provldes seNice5. The increased deficit In the year15 the consequence of an increase in the c05t base of the charfty driven largely by inflationary effert5. There was an unprecedentsd level of fundralsing actlvtty towards the end of the year to provlde much needed Ilquid funds. Going fi)rward it Is proving necessary for Yorda to Increase the cost of its servlce5 to meet the Increase in staff costs resulting from the IO% or more increase in National Mlnlmum Wages from April 2LJ24. In addition. the trusteesare aware that the charws reserves will not be suffiaent on thelr own should there be an economic shock In the near future. Reserwes Poll The trustees believe that the charity must look to Increase its reserve5 In orderto provide a buffer agalnst ture economic shocks. For the comin8 financial yearthe obJective is for the charity5 charitable attivlties to be less subsldlsed by charitable donations and to achieve an overdll inflow of funds for the year. It is intended to secure funds sufficient to establish a reserve Sufficient to meet three months operational osts by March 2025. Volunteers Yorda is enormously grateful to the many volunteers who givè of theirtlme to help It contlnue to provide its seNices.It is a159 pleasin8 to note the efft)rt5 of a number of companies based In our aa who are helplng u5 in è number of ways on cOrpore responsibility team days. Thank you to ycu all.
Yorda Adventures Charltsble In¢orporatÈd Organisatlon Report of the Trn Icontinuedl Fundr•tslnu The accounts show the debt that Yorda owes to those who contrsbute donations to it. wtthout whom it would no longer be able operate. In the past year we would Ilke to thank. In partlcular, our patrons. Garry and Lorralne Woodcock for theircontSnued support, Kingston's Rotsry 8nd Inner Wheel. Surbiton Rotary. Kingston Nursin8 Association, Mark Nelson and Richard Gooch. Rlsk Management Yorda Trustees have a strong rlsk mana8ementculture whlch allows usto dellver our charltable objectives In a5 saft and effective way 45 posslble. However, we accept that we cannot avoid risks altogether. Its risk register is a 'living' document, incorpordtlng in time all of our identSfied rlsks, mitigations and action5 lef(her here or through Ilnks to the 4 Separate operdtional risk log51. Responsibility for risk mana8ement lies with the Trustee Board; thls includes the policies¥ procedures. rlsk appetEte and ensuring staff have a r15k manogement cutture. The trustees regularly monltor the major rlsks to which ihe charity is exposed, in particular those related to its charrtablÈ operations and the finances of the charity- Each trustee is responsible for a different 5ectlon of our risk register and therefore trustees are enBa8ed in ensurlngthat Systems are in place to rnltlBato its exposure to the major risks facing the charity. Dveman The Board ofTrustees The Board consists of flve trustees and Is chalfed by Alice Howard. None of the trustees are invotved In the operatlons of the charity and their role 15 to pro¥lde overslght. Operdilonal ManJyment On a day to day basi5 the operations of Yorda are managèd by Laura Smyth, who founded Yorda in 2006. She is ably supported by Dani Burchell (Project Mana8erl who, tO8ether wlth Laura. has control over the charitis bank attounts. Governin8 Document The char7tyadopted the Charity Commlsslon Model constitution fora Foundation Charltable Incorporated Or8anlsatlon at the Start of the year as part of its transltlon from a Communlty Interert Company to a Charity.
Yorda Ad¥entures Charitable Incorporaled Orynisation Report of the Trustees Icortinuedl Statement of Responsibilltle5 The Trustees are responsible for preparingthe Annual Report of the Trustees an(J the financlal statements in accordance with appllcable law and United Kingdom Accounting Standard5 (United KlngdDm Generally Accepted Accounting Practice). The law applicableto charltie5 in England and Wales requiresthe Trustee5 to prepare financial statements for each financlal year which give a true and fair view of the state of affair5 of the Charity and of the incoming resources and application of resources. including the incorne and expenditure of the Charlty for that period. In prpparln8 these financial statements, theTrustees are required to.. ' select 5Uit3ble actounting pollcles and then apply them consistently - observe the mèthods and principles in the Charities 50RP IFRS 1021,. ' make judgements and estimates that arè reasonable and prudent- state whether applicable UK Accounting StandaTds have been followed, subject to any matertal departure5 disclosed and explained in the financial statements,. and prepare the financial statÈments on the goin8 concern basls unless it is inappropriate to presume that the Charity will continue In operatlon. The Trustees are responsible for keeplng proper accountlng records that disclose with reasonable accuracy at any time the financSal posStion of the Charity and enable them to ensure that the financial Statements comply with the Charities Act 2011 and where applicablè, the Charitie5 Act 2022, the Charity (Accounts and Reports) Regulations 2Q08 and the provisions of the trust deed. They are also regponsible for safeguarding the assets of the Charity and hence tor taking reasonable step5 for the prevention and detection of fraud and other irregularities. The Trustees are re5PDnsible forthe mèinten3nce and integrityof the corpgrate and flnancial information included on the ChaTItVs webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial #atements may dlfferfrorn legislation In other jurisdittions On Behalf of the Board 4o*Y4cd Alice Howard Chair
Independent Examlner's Report to the Trustee5 of Yorda Adventures Charltable Incorporated Organisatlon I report to the charity trustees on my examination of the accounts of the charity for the period 21 March 2023 to 31 March 2024 which are set out on pa8e5 8 to 15. Responsibilities and basis ol report As the charity's trustees you are responsible for the preparation of the attounts in accordance with the requirements of the Charities Act 20111'the Act'l- I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the Act. Independont examiner's statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in sedion 145 of the Act. I tonfirm that l am qualified to un(lertake the examination because l am a member of the Association of Chartered Certified Accounts, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 130 of the Act- or the atCOLbnts do not accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than anv requirement that the accounts give a 'true an(1 fair view, which is not a matter considered as part of an independent examination. 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 unilerstanding of the account5 to be reached. 12 Alec Beeson ACCA Chartered Certified Accountant and Independent Examiner Q3 The Square Randalls Way Leatherhead K[22 7TW
Yorda Adventures Charftable lftcorporated Organisatlon Statement of Ananclal Artlvltles For the Year Ended 31 March 2024 Total Funds Total Funds Notes 2024 2023 INCOME Oonations 134,304 120.061 Charitable actlvities 139,308 145,439 Other Income 216 Total 274,021 265,716 EXPENDrruRE ON 5,6,7 Charltable actfvltles 303,896 291,072 Support expenditure 25.595 io.iii Total 329,191 301,183 Net oufflow of funds 155,170) (35,467) Total funds brought foTrward l Aprll 95.520 130,987 Totsl Funds Carrled Forward 40350 95.520
Yorda Adventure$ Charitable Incorporated Organisation Statement of Financial Position 31 March 2024 31 March 2024 31 March 2023 Notes Current Assots Cash at bank Debtors 45,743 22.875 86,017 33,528 Total Current Assets 68,618 119,545 Creditors Amounts falling due within one year 28,268 24,025 Net Current A55ets and Total Funds 40.350 95,520 These financial statements were approved by the Board on 12 January 2025 and were signed on its behalf by Alice Howard Chalr
Yorda Adventures Charltable Incorporated Organlsatlon Notes to the Financlal Ststements 31 March 2024 l. Account1 policles Basls of preparation of fina141 staternent5 The financial statements have been prepared In accordan with Accountlng and Reportin8 by Charities: Statement of Recommended practi applicable to charltles preparln8 thelr accounts in accordance with the Financial Reportlng standard applicable in the UK and Republic of Ireland (FRS 1021 l°Charities SORP FRS 102"), the Flnanclal Reporting Standard applicable in the United Kingdom ènd Republic of Iland IFRS 102), the Charities Act 2011 and where applicable, the Charities Acl 2022 and UK General Accepted Accounting Practice. The Charty has applied the provlsions Set out In Charities SORP FRS 102, as published l October 2019, and on that basis does not indude a Statement of Cashflow. The Charty constitute5 a public benefrt entity as defined by Charltles SORP FRS 102. The financial statements have been prepared on the hlstorlcal cost basls. as modified by the revaluation of certain financial assets and liabilities measured at falr value through profit or105S. The financial statements are prepared in rterling. which is the functional currency of the entity. Monetary amount in these financial 5tstements are rounded to the nearest pound. The sl8nificant accounting policies applied In the preparation of these financial statements are set out below. These policies have been consistently applled to all years presented unless otherwise ststed. Income The charlvs Income Consists of voluntary donation5* grants and rental Income from the provlslon of play facllltle5 to schools. public bodies and the families of thildren and young people with multiple learning dlfficulties. All inwme is derived wholly In the UK. Income is recognised In the financial statements when the tompany is legallv entitled to the Income ènd the amount can be quantifies with reasonable accuracy. Income is deferred only when the companv hès to fulfil conditions before becoming entitled to the income. Grants are recognlsed a5 income at the fair value of the asset recelved or e1vable when there is a reasonable assurance that the grant conditlons will be met. A grant that specifies performance conditions Is recognlsed as income when the performance condftions are met and on a systematic bas15 over the periods in whlch the entity reco8nises the related costs for which the grant is Intended to compensate.
Yorda Adventures Charftable Incorporated Organlsatlon Notes to the Flnancial Statements Irontlnued) 31 March 2024 Expendlture Liabilitie5 are recogni5ed as expenditure as 500n a5 there is a legal or con5truttlve obligation cornmlttitFg the company to that expendtture. Expenditure is accounted for on an accruals basis and are allocated to activities on a basls conslstent wlth the use of resources. C•pltallsatlon and deprethtlon of tangible flxed a55ets Tanglble assets are inltially recorded at cost and are subsequently stated at cost less any accumulated depreclation and Impalrment losses. Depreciatlon Depreciation 15 calculated 50 as to wrlte off the cost or Valuatlon of an asset, less Its resldual value, over the useful economic lrfe of that asset as follows: Fittin&5 fixtures and Èquipment- 20% If there is an indication that there has been a 5i8nthcant change in depreciatlon rate, useful Ilfe or residual value of tangible assets, the depreclation is revised prospectively to reflect the new estimates. Defined contrlbutlon penslon plans Contrlbutions to defined contrfbution plans are recognlsed as an expense in the perlod In whlch the related service Is provided. Golng concern The financial statements have been prepared on a golng concern basis as the trustees belleve that no material uncertainties exlst. The trustees have considered the level of funds held and the expected level of Income and expenditure for 12 months from the date of authorislng these financial statements and are confident that the company will contlnue as a 80ing concern. Judgements in applylng accountln8 pollcie5 arKI key sources of estlmation unortainty The applicatlon of accounting standards and pollcies requlres the trustees to make estimates and assumptions about future event5 that dlrettly affect the charlWs reported flnancial condition and operating performancÈ, The accounting estlmates and assumptions discussed are those the trustees consider to be most crltlcal to It financlal statements. An accountlng estimate is considered crTtical if both al the nature of estlmates or assumptions Is material due to the level of subjectlvlty and Jud8ement Involved, and bl the impact within a reasonable range ofoutcomes of the estimates and assumptlons Is materlal to the charltls financlal condltlon or operating performance. Due to the nature of the limlted transactlon5 of the charlty. the trustees conslder that there are no significant accounting estimate5 and assumptions. io
Yorda Adventures Charltsble Incorporated Organlsatlon Notes to the Flnanclal Statements (contlnued) 31 M4r(h 2024 2. Donatlons 2023 Donations Tax recoverable on Gift Aid 132,044 2,260 120,061 134,304 0,061 3. Charltable Actlvltles 20Z4 2023 Child Play SeThices Hall Hire 108,943 30,365 122,605 22,835 139,308 145.439 4. Other Income 2024 2023 Interest Receivable 216 5. Charltable Actlvltles Costs 2024 2023 Staff costs Premlses costs Fundraising event expenses Other 191,573 74,881 12,120 25,322 197.102 47,427 12,570 33.973 303.896 291,072 li
Yorda Adventures Charltable Incorporated Organlsatlon Notes to the Flnanclal Statements (contlnued) 31 Marth 2024 6. Trustees and Key Managernent Remuneratlon No remuneration or expense5 were pald to trustees appolnted on the transltlon of the company to a charltable Incorporated organisatlon. The remuneration of the highest paid employee (recoBnised as the onty key personnel) was £36,383 in the year ended 31 March 2024 {2023: £36,383). 7. Staff Cosls 2023 Wages and Salaries Soclal Securty Costs Defined contributlon penslon costs 179,386 9,720 2,467 185,465 9,478 2,159 191,573 197,102 Avera8e monthly number of employees 24 26 Defined contrlbution pension credltor 200 196 2024 & Debtors Amounts falllng due vAthln one year Accounts Receivable Accrued Income Glft Aid Recelvable Prepayments 2023 5.275 14,656 2,261 683 22,875 33,528 33.528 2024 9. Credltors: Amounts falling due wfthln one year Accruals Directors, Loan Account Income in Advance 2013 26,618 17,339 3,918 2,768 24,025 28268 12
Yorda Adventures Chafftable Incorporated Organlsatlon Notes to the Flnancial Statements Icontlrtued) 31 March 2024 The balance on the Direttors, Loan Account In 2023 related to a loan due to Laura Smyth which was repaid In full by the wmpany on its transliion to a Charltable Incorporated Qrganisation. 10. Lease Commitment In June 2021 the charity entered into a ten-year lease on the charity's premlses at an annual rental of £33,500. As a result of the break clauses Included in the lease agreement the Trustees have the power to terminate the lease In June 2026. As such the trustees do not deemls appropriate to recognise the outstanding lease commltmenL The outstanding lease payments could however total up to £242375 wlth £33.500 payable within one year, £134,000 within two to five year5 and £75,375 payable In more than flve years, time. IL Comiersion from a CICto a CIO As a result of the successful application to the Charity Commi5slon on 21 March 2023, the charity prepares accounts In accordance wtth the Charities SORP FRS 102. Thp prlor year comparatlves represent the final perlod of account for Yorda Adventures CIC which have been revlewed and presented in accordance wlth the Charitles SORP FRS 102, rather than the CompaniÈ5 SORP FRS 102 as prevlously would have been required if the charity continued as a CIC. 13