The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 2019).
The objects of the charity are:
The relief of sickness and the preservation of health among young people residing in the North West of England, through the provision of financial and other assistance and;
The relief of financial hardship, either generally or individually, of young people living in the North West of England by making grants of money for providing or paying for items, services or facilities and raising awareness among young people.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
A rather testing financial year has seen the charity continue to support many of the town's more vulnerable groups and families. We have seen an increase in the number of families accessing our facilities through attending preschool sessions, in particular, using the sensory room facility we have at The Tunza Centre.
Although we have tried securing adequate funding, we have not been able to create an outdoor building to replace the marquee.
The ten year anniversary since the opening of The Tunza Centre in January, was a great success with a special set of events marking the milestone, including a hugely successful family evening in February.
Our partnership work with the Friends Charity is flourishing and we have introduced more activity days for these families during the school holidays, extending our Friends Friday provision by adding Mates Mondays, social and activity days for families with children who have a disability.
Working in partnership with other charitable groups has increased, and in particular, with St Helens Rotary who have supported a new Christmas event which took place in December 2023, Santa Smiles. A special pre-Christmas event with character visits, two reindeer for children to meet, plus the Rotary's sleigh and a meeting with Father Christmas. This event was aimed at families who had endured a difficult year. It was a huge success.
In February the charity and its volunteers were awarded The Mayor's Award for outstanding work helping families in St Helens. A visit to the Mayor's Parlour is booked for key Tunza personnel and volunteers in the springtime to collect certificates and formally meet the Mayor.
The charity has a net deficit of expenditure over income for the year of £4,579, (2023: £39,162). The charity held £5,521, (2023: £4,975) in its bank accounts at the year end. Total reserves at the year end were £5,535, (2023: £10,114). Restricted funds at the year end were £6,500, (2023: £4,000).
The trustees, after taking into account all information that could reasonably be expected to be available, consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.
Policy on reserves
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (Charities SORP) defines reserves as income which becomes available to the charity and is to be spent at the Trustees' discretion in furtherance of any of the Charity's objectives, but which is not yet spent, committed or designated.
The definition therefore excludes income funds which could only be realised by disposing of fixed assets. Free reserves as at 31 March 2024 are in deficit by £965, a decrease of £7,079. The trustees do recognise however, that it would be prudent if the level of free reserves were increased to enable the charity to continue to further its objectives.
With the increase in demand to use the facilities at The Tunza Centre comes the extra workload attached to running the centre for longer periods. It's become evident, during this past year, that more help and support is required, not just by volunteers, but the possibility of recruiting staff on a full time basis.
Work has already begun, and will continue next financial year, to look into the feasibility of securing long-term funding to help us to improve various aspects of The Tunza Centre. Some older equipment also needs updating or replacing.
Early steps have been taken to look at social investment funding and we are working with some specialist organisations who will be conducting a company audit of our working systems, the value we offer within the community and the positive impact we provide for local people. This process can take a year or so to complete, however, it already looks likely we will be taking strides to secure some much needed funds to help us not just maintain our services, but to improve and enhance all aspects of our organisation, charity and company.
November 2024 will also see the 20th anniversary of Tunza's Pride with plans afoot to mark this milestone with some key activities and events.
The charity is administered by its board of trustees. The board, together with the senior management team, is responsible for formulating the strategy and policies of the organisation.
The company is limited by guarantee and governed by its constitution. The trustees have delegated day to day management of the charity to Mr. I Smith, a trustee.
The trustees are drawn from a variety of backgrounds to ensure the board has the required expertise. All new trustees are subject to an induction process which includes the opportunity to meet with senior management and staff and to visit the centre to see how it operates on a day to day basis.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
I report to the trustees on my examination of the financial statements of Tunza's Pride Ltd (the charity) for the year ended 31 March 2024.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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 understanding of the financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements.
The notes on pages 7 to 14 form part of these financial statements.
Tunza's Pride Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Huyton Avenue, Dentons Green, St Helens, Merseyside, WA10 6LY.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, 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 financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
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.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Raising funds
These are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.
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 residual values over their useful lives on the following bases:
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
Mr. I Smith, a trustee, received management and consultancy fees of £15,400 during the year. (2023: £25,000).
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:
During the year the charity entered into the following transactions with related parties:
The charity has been charged consultancy management fees of £15,400, (2023: £25,000) by Alibel, a business run by Mr. I Smith, a trustee. At the year end there are accrued Alibel fees of £22,867, (2023: £22,867).