Re8lstered Charity Number 1202418 Yorda Adventures Charltable Incorporated Organlsatlon Report of the Trustees and Unaudited Flnanclal Statements For the year ended 31 March 2025
Yorda Adventures Charitable Incorporated Organlsatlon Contents of the Financial Statements For the year ended 31 March 2025 Page Charity informatlon Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Statement of Financial position Notes to the financial statement5 8-12
Yorda Adventures Charitsble Incorporated Organisatlon Charity Information Trustees: Alice Howard (Chairl Alison Sorfleet Dr Barry Stsrr Michael Swordy Michelle Tomlin50n Chief Executive offlcer Laura Smyth MBE Charity Number 1202418 Registered office Yorda Playhouse Devon Way Che55ington KT9 2f Independent Examiner Christopher Hawley Eighth Floor, 6 New Street Square New Fetter Lane London EC4A 3AQ RrUitment and Tralnlng of Trustees Trustees are tompetent persons who through residence, occupation or employment, or otherwise, have specialist knowledge of an area of expertise of benefit to the Charity. Most trustees, on appointment, are already familiar with the practical work of the Charity. A Trustee Induction Pack is in operation which incSudes copies of the last published financial statements of the charity, its most recent management accounts, a Statement of trustees, responsibilities and guidance on the requirements of The Charity Commission.
Yofda Adventures Charltsble Incorporated Organlsatlon Report of the Trustees The year under review represents Yorda's second full year as a charity following its conversion from a Community Interest Company on 21 March 2023. Purpose of the Charlty The purpose of Yorda as a charity remains the Same as it was when it was founded as a community interest company in 2006. namely* to enhance the lives of children and young people with learning and/or physical disabilities by the provision of recreational activities and 5UPPOrt for their parents. families and carers from premises in the London Borough of Kingston Upon Thames. Public Benefit The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guldance on public benefit. Re¢ognltlon of Yorda The trustee5 are delighted to report that Laurd Smyth was appointed MBE in the 2025 Newyearfs Honours in recognition of her service5 to children and youn8 people. Thi5 recognition reflects her leadership of Yorda and the care and dedication of the entlre Yorda team over the past 18 years. Range of servi in the Perlod Yorda has provided recreational activlties from the Yorda Playhouse in Chessington throughout the year. During the school term5 It has run an after-school club to provide short breaks and play facilities to children and young people with on80ing special educational need and disabilities. Typically, each young person enjoying YoTda'5 facilities 15 supported in their play by a designated playworker. Activities include playing on specialist equipment including a sunken trampollne. swings. companion bikes, sensory lights, magic mat and bouncy structures. All equipment and the general environment Is designed to provide a safer environment for chlldren and young people with a wide range of needs. In the xhool holidays it runs chIldca sessions throughout the day for its cohort of cllents. The playhouse is also available in term time for hire by 5choo15 wishing to utilise Yorda's speciallst plav facilities and, at the weekends. for parties and for its clients to come and play with otherfamily members. Yorda regards its principal achievements as being bringing enjoyment to its clients as well as helpingthem to enhance their emotional control and their ability to act independently. Its family-based activities help to provide support and reduce the isolation that many parents of such children often experience and to help enhance the family unit by the provision of shared experiences for all family member5 to enjoy. Flnan al Revlew and Pollcles Once again the year under review proved to be very challenging financially but the trsutees are pleased to report a small surplus for the period was achieved. The well publicised cost of living crisis continues to weigh heavily on the budgets of the families and public bodies to whom Yorda provide5 services. It proved necessary for Yorda to increase the cost of its services to meet this challenge. These increases were kept as low as possible and were effective in increasing income from charitable activities by 15%. Donations declined compared with the previous year largely because there was an emer8ency call for donations in the prior year which was not required this year.
Staff costs were kept under control notwithstanding a IO% increase in the national Minimum Wage imparting staff costs directly and premises costs benefitted from a significant reduction in rent that was agreed during the year (see Note 10 below). Reserves Policy The trustees contlnue to believe that the charity must look to increase its reserves in order to provide a buffer against future economic shocks. In the year under review the objertive was for the charItS charitable activities to be less subsidised by donations and to achbeve an overall inflow of funds for the year. In the coming year it is intended to secure funds sufficient to establish a reserve sufficient ro meet three months operational costs by March 2026. Volunteers Yorda is enormously grateful to the many volunteers who give of thelrtime to help it continue to provide its services. It is also pleasing to note the effort5 of a number of companies based in our area who are helping us in many ways on corporate responsibility team day5. Thank you to you all. FUlraiSIng The accounts show the debt that Yorda owes to those who contribute donations to it, without whom it would no longer be able operate. In the past year we would like to thank our patrons, Garry and Lorraine Woodcock for their continued support, Kingston's Rotary and Inner Wheel, Surbiton Rotary, Kingston Nurslng Association. Mark Nelson and Richard Gooch. Risk Management Yorda Trustees have a strong risk management culture which allows us to deliver our charltable objertives in as safe and effective way a5 possible. However, we accept that we cannot avoid risks altogether. Its risk register is a 'li¥ing' document, incorporating in time all of our identified risks, mitigations and actions (either here or through links to the 4 separate operational risk logs). Responsibility for risk management lies with the Trustee Board; this includes the policies. procedures, risk appetite and ensuring staff have a risk management culture. The trustees regulatly monitor the major risks to which the charity is exposed, in particular those related to its charitable operations and the finances of the charity. Each trustee is responsible for a different sertion of our risk register and therefore trustees are engaged in ensuring that systems are in place to mitigate its exposure to the major risks facing the charity. Governance The Board of Trustees The Board consists of five trustees and is chaired by Alice Howard. None of the trustees are involved in the operations of the charity and thelr role is to provide oversight. Operational Management On a day to day basis the operations of Yorda are managed by Laura Smyth, who founded Yorda in 2006. She 15 ably supported by Dani Burchell IProJect Mana8erl who, together with Laura, has control over the charitys bank accounts. Governing Document The charity adopted the Charty Commission model constitution for a Foundation Charitable Incorporated Organisation in 2023 when it became a Charity.
Yorda Adventures Charitable Incorporated Or8anisation Report of the Trustees Icontlnued) ststement of Responslbllltles The Trustees are responsible for preparingthe Annual Report of the Trustees and the financlal statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applKable to charities lft 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 thÈ incoming resources and application of resources. including the income and expendlture of the Charity for that period. In preparing these financial 5tstements, the Trustees are required to: select sultable account5 policles and then apply them consistentlv.. . observe the methods and principles in the Charitles SORP (FRS 1021: - make judgements and estimates that are reasonable and pruden¢. state whether applicable UK Accountlng Standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going conrn ba515 unle55 it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accountin8 records that distlose with reasonable accuracy at any time the financial position of the Charlty and enable them to ensure that the financial statements comply with the Charities Act 2011 and where applicable, the Charities Act 2022. the Charity (Accounts and Report51 Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguar¢Jing the assets of the Charity and hence for taking asOnable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the ChariW5 website. Legislation in the United Kin8dom 8overning the preparation and dissemination of financial statements may differ from leglslation in oiher jurisdictions On Behalf of the Board Alice Howard Chair
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORDA ADVENTURES CIO I report to the charity trustees on my examination of the accounts of Yorda Adventures CIO for the year ended 31 March 2025 which are set out on pages 6 to 12. Rèsponslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). 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 145{5)Ibl of the A¢t. Independent examlnetrs statement Since the charity's gross income exceeded £250,000 your examiner mL5St be a member of a body listed in section 145 of the A¢t. l Confim that l am qualified to undertake the examination because I am a member of the ICAEW, 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 2. the accounts do not a¢¢ord with those re¢ords', or 3. the accounts do not comply with the applicable requirements Goncerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fairview, which is not a matter considered as part of an independent examination. I have no COnM8 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 accounls lo be reached. ristopher Hawley FCA Chartered A¢¢ountant and Independent Examiner Eighth Floor 6 New Street Square New Fetter Lane London EC4A 3AQ
Yorda Adventures Charitable Incorporated Organlsatlon Statement of Flnancial Artlvltles For the Year Ended 31 March 2025 Total Funds Total Funds Notes 2025 2024 INCOME Donations 107,738 134,304 Charitable activities 160,152 139,308 Other Income 198 409 Total 268.088 274,021 EXPENDITURE ON 5,6,7 Charitable activtties 242,815 303,896 Support expenditure 23.689 25,595 Total 266,504 329,191 Net Inflowlloutflow) of funds 1,584 (55.170) Total funds brought fonvard l April 40,350 95,520 Totsl Funds Carried Forward 41,934 40,350
Yorda Adventures Charftable Incorporated Organlsatlon Statement of Financial Posltlon 31 March 2025 31 March 2025 31 March 2024 Notes Current Assets Cash at bank Debtors 50.095 25,565 45,743 22,875 Total Current Assets 75,660 64618 Credltors Amounts falllng due wlthin one year 33,726 28.268 Net Current Assets and Total Funds 41,934 40,350 These financial statements were approved by the Board on 16th June 2025 and were signed on its behalf by A4bLwJ Alice Howard Chair
Yonla Adventures Charltable Incorporated Organisatlon Notes to the Flnancial Statements 31 March 2025 l. Accountlng pollcles Basis of preparation of flnandal statements The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I"Charwties SORP FRS 102,1, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and where applicable, the Charities Act 2022 and UK Generally Accepted Accountln8 Practice. The Charity has applied the provisions set out in Charities SORP FR5 102. as published l October 2019, and on that basis does not include a Statement of Cashftow. The Charity constitutes a public benefit entity as defined by Charities SORP FRS 102. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency af the entity. Monetary amount in these financial Statements are rounded to the nearest pound. The significant accountin8 policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Income The charity's income consists of voluntary donations. grants and rental income from the provision of play facilities to schools. public bodies and the families of children and young people with multiple learning difflculties. All income is derived wholly in the UK. Income is recognised in the financial statements when the company is legally entitled to the income and the amount can be quantifies with reasonable accuracy. Income is deferred only when the company has to fulfil conditions before becoming entitled to the income. Grants are recogni5ed as income at the fair value of the a55et received or receivable when there is a reasonable assurance that the grant conditions will be met. A gr3nt that specifies performance conditions is recognised as income when the performance conditions are met and on a systematic basis over the perlods In which the entity recognises the related costs for which the grant is intended to compensate.
Yorda Adventures Charltable Incorporated Organisatlon Notes to the Flnancial Statements (contlnued) 31 March 2025 ExpendlturÈ Liabillties are retognised as expenditure as soon as there is a legal or construttive obligation committing the company to that expenditure. Expenditure is accounted for on an accruals basis and are allocated to activities on a basis con5i5tent with the use of resources. Capltslisatlon and depreclation of tanglble flxed assets Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreclatlon Depreciation is calculated so 35 to write off the cost or valuation of an asset, less its residual value, over the useful economic Ilfe of that asset as follows: Fittings fixtures and equipment- 20% If there is an indication that there has been a slgnificant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospettively to reflect the new estimates. Defined contrlbution penslon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Going concern The financial statements have been prepared on a golng concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements and are confident that the company will continue as a going concern. Judgements In applylng accounting pollcies and key sources of estlmatl¢)n uncertainty The applicatlon of accounting standards and policies requires the trustees to make estimates and assumptions about future events that directly affert the charity's reported financial condition and operating performance, The accounting estimate5 and assumptions discussed are those the trustees consider to be m05t critical to it financial statements, An accounting estimate is considered critical if both al the nature of estimates or assumptions Is material due to the level of subjectivity andjudgement involved, and b) the impattwithin a reasonable range ofoutcomes of the estimates and assumptions Is material to the charittys financlal Condition or operating performance. Due to the nature of the limited transattions of the charity, the trustees consider that there are no signlflcant accounting estimates and assumptions.
Yorda Adventures Charltable Incorporated Organlsatlon Notes to the Flnanclal Statements (contlnued) 31 March 2025 2. Donations 2025 2024 Donations 106,932 132,044 Tax recoverable on Grft Aid 806 2,260 107.738 134,304 3. Charltable Actlvltles 2025 2024 Chlld Play Services Hall Hire 121,506 38,646 108.943 30.365 160.152 139,308 4. Other Income 2025 2024 Interest Receivable 198 409 5. Charitable Actlvlties Costs 2025 2024 Staff costs Premises costs Fundraising event expenses Other 174.687 34,446 14,872 18,810 191,573 74,881 12.120 25,322 242,815 303,896 io
Yorda Adventures Charftable Incorporated Or8anlsati¢)n Notes to the Financial Statements (contlnued) 31 March 20Z5 6. Trustees and Key Management Remuneratlon No remuneration or expenses were paid to trustees appointed on the transition of the company to a charitable incorporated organisation. The remuneration of the highest paid employee (recognised as the only key personnel) was £36,383 in the year ended 31 March 2025 (2024: £36,383). 7. Staff Costs 2025 2024 Wages and Salaries Social Security Costs Defined contribution pension costs 169,021 3,517 2,149 179,386 9.720 2,467 174,687 191.573 Average monthly number of employees 21 24 Defined contribution pension creditor 238 200 2025 2024 8. Debtors Amounts falllng due within one year Accounts Receivable Accrued Income Gift Aid Receivable Prepayments 16.046 5.275 14.6S6 2.261 683 8.830 300 389 25.565 22.875 2025 2024 9. Creditors: Amounts falllng due wlthln one year Accruals Income in Advance 33.726 26.618 1.650 24,025 33.726 li
Yorda Adventures Charftable Incorporated Organlsatlon Notes to the Financial Statements (continued) 31 March 2025 10. Lease Commitment In June 2021 the charity entered into a ten-year lease on the charity's premises at an annual rental of £33,500. In January 2025 the Royal Borough of Kingston Upon Thames agreed to reduce the annual rent. to £12,01)O until such time as it has re-evaluated its charging policy for charitable entities Such as Yorda. 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 deem it appropriate to recognise the outstanding lease commitment. The outstanding lease payments could however total up to £242.875 with £33.500 payable within one year, £134,OCM) within two to five years and £75,375 payable in more than five years, time should the landlord revert to the terms of the lease. This is. however, considered unlikely based on recent discussions with representative5 of the landlord. 12