Charity Registration No. 1207718 England and Wales ## **THE CHARLIE DUIGNAN FOUNDATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** The Charlie Duignan Foundation Legal and Administrative Information For the Period Ended 31 March 2025 Trustees Charity Number Principal Address Independent Examiner Mrs Yvette Rose Duignan Chair Mr David James Duignan Mr Jack Austin Murdoch Mrs Cara Louise Monaghan Mr Mark Ian Beddowes Mrs Lindsay Ann Beddowes 1207718 Unit 4 Sideshore Queens Drive Exmouth EX8 2GD Powell & Associates Chartered Certified Accountants 28-29 New Road Kidderminster Worcestershire DY10 1AF The Charlie Duignan Foundation Contents Page For the Period Ended 31 March 2025 ||||Page|Page| |---|---|---|---|---| ||||1|2| ||||3|| |Statement of Financial Activities|||4|| |Balance Sheet|||5|| |Notes to the Accounts|||6|10| For the Period Ended 31 March 2025 ## The Charlie Duignan Foundation The Trustees present their report with the financial statements of the charity for the period ended 31[st ] March 2025. ## **Reference and administrative details** **Registered Charity Number:** 1207718 **Registered Office:** 10 Winchester Drive Exmouth Devon EX8 5QA **Trustees:** Mrs. Y. R. Duignan (Chair) Mr. D. J. Duignan Mr. J. A. Murdoch Mrs. C. L. Monaghan Mr. M. I. Beddowes Mrs. L. A. Beddowes ## **Structure, Governance and Management** Incorporated Organisation (CIO) registered with the Charity Commission and governed by its constitution. The charity is managed by a Board of Trustees, who are responsible for the strategic direction, governance, and financial oversight of the organisation. Trustees are appointed for fixed terms in accordance with the constitution, with due consideration given to the skills, knowledge, and experience required for the effective management of the charity. New trustees Report and accounts. Trustees retire and may be reappointed in line with the provisions of the constitution. ## **Public Benefit** The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard on learning, recreational, and wellbeing activities for babies, children, and families, including mothers and carers, who may otherwise have limited access to outdoor and nature-based provision. During the reporting period, over 2,500 activities. development, physical and mental wellbeing, social inclusion, and environmental learning. Activities encourage confidence, resilience, curiosity, and positive social interaction, while also supporting parents and carers to build peer networks and reduce isolation. The wider public benefits through increased environmental awareness, community engagement, and stewardship of the local coastal environment. ## **Objectives and Activities** learning and wellbeing by providing inclusive, accessible beachdevelopment, confidence, and enjoyment of the natural environment. Activities are delivered primarily in Exmouth and surrounding areas, with a focus on inclusivity, accessibility, and community benefit. ## **Achievements and Performance** 2025 marked the first full year of School. During the year, the charity: Delivered beach-based sessions to over 2,500 babies and children. 1 - Introduced weekly Beach Babes sessions supporting early years development and maternal wellbeing. Increased Starfish Explorers sessions to five per week. - Delivered regular SEND sessions, with further expansion planned from January 2026. Welcomed schools from Exmouth, Exeter, and Tiverton for free learning-focused beach sessions covering marine life, plastic pollution, beach cleans, art, and rockpooling, including a single day attended by 200 children. - Participated in the Sideshore Project, with 1,000 children contributing to a large-scale art installation exhibited at the Exmouth Festival. Raised over £50,000 through community fundraising challenges and events. ## **Financial Review and Reserves Policy** The charity is funded through a combination of grants, donations, and community fundraising. During the year, the charity received restricted funds totalling £2,000, comprising £1,000 from Groundwork UK and £1,000 from Budleigh Salterton Lions, both restricted for specific charitable purposes. Trustees aim to maintain unrestricted reserves sufficient to cover a minimum costs, ensuring the continuity and sustainability of services. Financial controls and procedures are in place to ensure funds are managed appropriately and objectives. ## **Risk Management** The Trustees regularly review the risks facing the charity and have established systems and procedures to mitigate those risks where possible. Key risks include funding sustainability and operational delivery; these are managed through prudent financial planning, diversified income streams, and ongoing review of activities. ## **Plans for the Future** School will continue to expand access to beach-based learning, with particular focus on SEND provision, early years support, and school partnerships. The charity also plans to take part in the Sideshore Project again in June 2026, building on the success of the previous year and providing further opportunities for children to engage in creative, environmental, and community-focused activities. The charity will continue to develop services in response to community need and feedback, while strengthening long-term sustainability. On behalf of the board of Trustees: _________________________ Trustee Mrs. Y. R. Duignan ______________ Dated 2 The Charlie Duignan Foundation For the Period Ended 31 March 2025 I report on the accounts of the charity for the period ended 31 March 2025, which are set out on pages 1 to 10. ## **Respective responsibilities of trustees and examiner** audit is not required for this year under section 144(2) of the Charities Act 2022 (the 2022 Act) and that an independent examination is needed. It is my responsibility to: - i. examine the accounts under section 145 of the 2022 Act; - ii. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2022 Act; and - iii. to state whether particular matters have come to my attention. 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 you as 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 , The Charities Act 2022 applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of s a Public Benefit Entity as defined by FRS 102. In connection with my examination, no matter has come to my attention: - a. which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2022 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2022 Act; - have not been met or - b. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr George Powell Powell & Associates Chartered Certified Accountants 28-29 New Road Kidderminster Worcestershire DY10 1AF _________________________ ______________ Dated 3 The Charlie Duignan Foundation Statement of Financial Activities For the Period Ended 31 March 2025 **----- Start of picture text -----**
Unrestricted Restricted Total Total
funds Funds 31/3/2025 31/3/2024
Notes £ £ £ £
Income from:
Donations and grants 3 55,521 2,000 57,521 241,052
Investments 4 28 - 28 98,886
Total Income 55,549 2,000 57,549 339,938
Expenditure on:
Charitable activities 5 14,579 2,000 16,579 329,518
Net (expenditure)/income for
the year/
Net movement in funds 40,970 - 40,970 10,420
Fund balances at 1 April 2024 - - - 328,877
Fund balances at 31 March
2025 40,970 - 40,970 339,297
**----- End of picture text -----**
The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. 4 The Charlie Duignan Foundation Balance Sheet For the Period Ended 31 March 2025 **----- Start of picture text -----**
31/03/2025 31/03/2024
Notes £ £ £ £
Fixed Assets
Tangible Assets 7 1,253 48,741
Current Assets
Cash at bank and in hand 40,317 254,767
40,317 302,696
Creditors: amounts falling due within
one year 8 (600) (12,140)
Net current assets 39,717 290,556
Creditors: amounts falling due more
- -
than one year
Total assets less total liabilities 40,970 339,297
Income Funds
Restricted funds - 32,510
Unrestricted funds 40,970 306,787
40,970 339,297
**----- End of picture text -----**
Mrs. Y. R. Duignan (Chair) **Trustee** 5 The Charlie Duignan Foundation Notes to the Financial Statements For the Period Ended 31 March 2025 ## **1 Accounting policies** ## **Charity information** The Charlie Duignan Foundation is a charitable Incorporated Organisation (CIO) governed by the Charity Commission for England and Wales. ## **1.1 Accounting convention** , The Charities Act 2022 applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of s a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 not to prepare a Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. ## **1.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 6 The Charlie Duignan Foundation Notes to the Financial Statements (continued) For the Period Ended 31 March 2025 **1 Accounting policies** ## **(continued)** ## **1.5 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their values over their useful lives on the following bases: Fixtures, fittings & equipment 33% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.6 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposit held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 7 ## The Charlie Duignan Foundation Notes to the Financial Statements (continued) For the Period Ended 31 March 2025 ## **2 Critical accounting judgements and estimates** assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and grants** ||**Unrestricted**
**funds**|**Restricted**
**Funds**|**Total**
**31/3/25**
**Total**
**31/3/24**| |---|---|---|---| ||||| ||**£**|**£**|**£**
**£**| ||||| |Donations, gifts and sponsorship
Grants|55,521
-|2,000
-|57,521
16,270
-
224,782| ||||| ||55,521|2,000|57,521
241,052| ||||| ## **4 Investments** |Interest receivable|**Total**
**31/3/25**
**Total**
**31/3/24**
**£**
**£**
28
4,245| |---|---| ||| ||28
98,886| 8 The Charlie Duignan Foundation Notes to the Financial Statements (continued) For the Period Ended 31 March 2025 ## **5 Charitable activities** |||**Total**
**31/3/25**
**Total**
**31/3/24**| |---|---|---| |||| |||**£**
**£**| |||| |Staff Costs||6,868
210,324| |Depreciation||626
9,162| |Marketing||50| |Insurance||257
4,569| |Repairs and Maintenance||1,797
25,904| |Postage and Stationery||244
188| |Uniform||1,346
4,020| |Activity Costs||3,650
39,145| |Legal and Professional Fees||108
360| |Training||469
1,223| |Accountancy||600
2,940| |Sundries and Subscriptions||564
5,526| |||| |||16,579
329,518| |||| |For the year ended 31 March 2025||16,579
329,518| |||| |**Analysis by fund**||| |Unrestricted Funds||14,579| |Restricted Funds||2,000| |||16,579| **----- Start of picture text -----**
For the year ended 31 March 2024
Unrestricted Funds 68,395
Restricted Funds 261,123
329,518
**----- End of picture text -----**
## **6 Trustees** None of the Trustees (or any persons connected with them) received any remuneration during the year. 9 The Charlie Duignan Foundation Notes to the Financial Statements (continued) For the Period Ended 31 March 2025 ## **7 Tangible fixed assets** ||**Fixtures, fittings**
**and equipment**| |---|---| ||**£**| ||| |**Cost**|| |At 1 April 2024|-| |Additions|1,879| |Disposals|-| |At 31 March 2025|1,879| ||| |**Depreciation and Impairment**|| |At 1 April 2024|-| |Depreciation charged in the period|626| |Eliminated on disposal|-| |At31 March 2025|626| ||| |**Carrying amount**|| |At 31 March 2025|1,253| ||| |At 31 March 2024|-| ## **8 Creditors: amounts falling due within a year** ||Accruals and deferred income|**Total**
**31/3/25**
**£**
600| |---|---|---| |||| |||| |||| |||600| 10