UPLIFf (DEVON) TRUSTEES. REPORT AND UNAUDrrED FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024 Charlty Reglstratlon Number: 1202S13
UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
CONTENTS
| Page | |
|---|---|
| Trustees Annual Report | 1 - 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Independent Examiners Report | 6 |
UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in presenting their report along with the Financial Statements for the year ended 31[st] March 2024. The financial statements have been prepared in accordance with current statutory requirements, the charity’s governing documents, and the recommendations of the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) and complies with applicable law. We have also referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing our aims and objectives for the year.
Objectives and Activities
Objectives
To improve the lives and life chances of any child under the age of five in the South West by providing professional support and spaces for families to meet, learn, and make connections. Parent and child sessions are designed to enable parents to support their young children, becoming active participants in their child’s learning.
How our activities deliver public benefit
Uplift operates from its “Hub” in Tiverton, Devon where it provides support for children under the age of 5 and their parents. The support provided includes a baby weighing service, a clothing and equipment exchange as well as formal training sessions and informal play sessions. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Achievements and Performance
- Report 2023/2024
Uplift’s founder and current Chair has made a building at Lowman Green, Tiverton, available to the charity at no cost.
The building has been adapted so that there is a flat upstairs from which the charity receives monthly rental income, while the downstairs area is the “Hub” for its operations. The Hub is currently open regularly for three days each week, with some additional days when training and other activities are offered. It is hoped to expand this as additional funding is developed. During the year an increasing number of families have used the facilities.
During its first year of operation Uplift has applied for and received a grant from the National Lottery as well as numerous smaller grants and donations.
The money received from the rental income has enabled it to cover its expenses, with a small credit balance at the end of the first financial year. If additional income can be generated, then it should be possible to expand its activities and make provision for a reserve fund.
Financial Review
Total receipts for the year to 31 March 2024 amounted to £20,499.
Total payments for the year to 31 March 2024 amounted to £16,658.
The charity holds £3,359 in their bank accounts.
Reserves Policy
Uplift having only been incorporated as a Registered Charity for just over 1 year has not yet had the opportunity to build up a reserve fund.
Having reviewed regular expenses we estimate that the cost of running the charity each month is in the region of £2,775. We have regular income of £600 each month from renting out the flat over the “Hub”. The shortfall amounts to £2,175.
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UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
Our other income is in the form of Grants, donations and the proceeds of fund-raising events.
That reserve that we intend to set aside should provide financial stability and the means for the development of our principal activity. We intend to build up and thereafter maintain our reserves at a level which is at least equivalent to £6,525 to cover 3 months shortfall. That figure will need to be reviewed in the event that we recruit additional staff.
That figure should be enough to cover any cash flow variations, and contingencies such as the cost of providing cover for a sick employee.
Risk Management Policy
The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems are in place to mitigate their exposure to major risks.
Overview and Future Plans
For all future activity funding is required for:
Salaries, utilities, training, equipment for the hub and for family workshops, and take-home resources, website update, publicity materials, printed hand-outs, booklets and posters, office furniture for family meetings and volunteer public transport costs. Part of our ongoing costs for staff are met from the rental income from a flat above the property we work from (The Hub). Other money is fund-raised to sustain and develop our provision. We are subject to the high costs of electricity, gas and water, as well as expenditure on food, drink and emergency packages we put together for families in distress.
If funding applications are successful:
In the short-term
Our largest expenditure is on our current two qualified staff who work with volunteers at the Hub; we are currently open 3 days a week. We urgently need to employ a further full-time member of staff (FTE) with Early Years training so that we can open each weekday and cover holidays.
In the medium term
The appointment of another professional with Early Years training will allow us to train more volunteers and run outreach sessions in rural villages where families in poverty struggle to access services. During this year, there will be further transport costs as well as expenditure on workshop equipment. We will partner with the local communities to accommodate these activities but there may be additional, modest, rental costs.
In the longer term
We aim to build on the success of our activities from the Hub in Tiverton to open additional Hubs in neighbouring towns to deliver our core mission to improve the lives and life-chances of children under the age of 5 in their families. We aim to open a second Uplift Hub in the third year of a successful grant. The Early Years professionals we employ will work flexibly to develop and expand provision at this Hub. To co-ordinate activities within the Hubs and in the outreach clinics we will need to expand the hours of a part-time Manager to two days and employ a further member of staff with Early Years training. There will be additional rental costs.
Structure, Governance and Management
The Charity’s objects and regulations are set out in the charity’s constitution. The charity registered as a charitable organization on 28[th] March 2023.
The trustees look to recruit new members with relevant skills and experience, who are the appointed by resolution of a properly convened meeting of the charity’s Trustees.
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UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
Reference and Administration Details
Registered Charity Number:
1202513
Trustees and Members: Andrew Timperley (Chair) (from April 2023) Charles Dowell (Treasurer) (from April 2024) Catherine Roughton (from January 2024) Angela Dawe (from January 2024) Catherine Beith (from April 2023) Anthony Richards (from April 2023 to November 2023)
Registered Address 4 Lowman Green, Tiverton, Devon, EX16 4LA
Bankers Lloyds Bank, Victoria Branch, 98 Victoria Street, London, SW1E 5JL
Accountants Merlin Accountancy Services Ltd, 2[nd] Floor, 33 Longbrook Street, Exeter, EX4 6AW
19/10/2024
Approved by Uplift (Devon) on ………………………………………………………………. and signed on its behalf by:
Trustee: Andrew Timperley, Chair ……………………………………………………
Trustee: Charles Dowell (Treasurer) ……………………………………………………
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UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
Receipts and Payments Account
| Receipts Donations Grants Rent Received Workshop/Activities Total Receipts Payments Supplies and Materials Fundraising Costs Utilities Staff Costs Training and Workshops Repairs and Renewals Interest Accountancy Costs IT and Telephone Professional Fees Total Payments Excess of Receipts over Payments Bank Balance at 1stApril 2023 Bank Balance at 31stMarch 2024 |
2024 £ £ 4,017 11,000 5,190 292 20,499 1,039 712 1,985 9,607 410 622 1 406 290 1,586 16,658 3,841 - 3,841 |
2024 £ £ 4,017 11,000 5,190 292 20,499 1,039 712 1,985 9,607 410 622 1 406 290 1,586 16,658 3,841 - 3,841 |
|---|---|---|
| 1,039 712 1,985 9,607 410 622 1 406 290 1,586 |
||
| 16,658 | ||
| 3,841 - |
||
| 3,841 |
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UPLIFT (DEVON) TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
Registered Charity Number: 1202513
Statement of Assets and Liabilities at 31[st] March 2024
| Unrestricted Funds Cash Funds Bank - Current Account Bank - Deposit Account Current Assets Gift Aid Debtor Current Liabilities Accruals PAYE/NI Other Creditors – Pension |
2024 Total £ 3,359 482 |
|---|---|
| 3,841 1,004 600 26 46 |
|
| 4,173 |
19/10/2024
Approved by Uplift (Devon) on ………………………………………………………………. and signed on its behalf by:
Trustee: Andrew Timperley, Chair ……………………………………………………
Trustee: Charles Dowell (Treasurer) ……………………………………………………
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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF
UPLIFT (DEVON)
Year Ended 31 MARCH 2024
I report on the accounts for the year ended 31 March 2024, which are set out on pages 4 and 5.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to these matters set out in the statement below.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept in accordance with section 386 of the Companies Act 2006; and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005) have not been met; or
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to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
G M Corby BSc FCA Merlin Accountancy Services Ltd Signed: …………………………………… 2[nd] Floor 33 Longbrook Street 03/12/2024 Exeter Date: ……………………………………… EX4 6AW
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