IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY Mrs K Hepple Mrs T F Robinson Ms S Rothwell M Baker FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064024052023-03-31064024052024-03-31064024052023-04-012024-03-31064024052022-03-31064024052022-04-012023-03-31064024052023-03-3106402405ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3106402405ns15:PoundSterling2023-04-012024-03-3106402405ns0:Trustee22023-04-012024-03-3106402405ns0:Trustee12023-04-012024-03-3106402405ns0:Trustee32023-04-012024-03-3106402405ns0:Trustee42023-04-012024-03-3106402405ns11:FRS1022023-04-012024-03-3106402405ns11:IndependentExaminationCharity2023-04-012024-03-3106402405ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106402405ns11:FullAccounts2023-04-012024-03-3106402405ns11:CharitiesSORP2023-04-012024-03-3106402405ns16:EnglandWales2023-04-012024-03-3106402405ns11:RegisteredOffice2023-04-012024-03-3106402405ns11:CompanySecretary12023-04-012024-03-3106402405ns0:TotalUnrestrictedFundsns0:Activity82023-04-012024-03-3106402405ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3106402405ns0:Activity82023-04-012024-03-3106402405ns0:Activity82022-04-012023-03-3106402405ns0:TotalUnrestrictedFunds2023-04-012024-03-3106402405ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3106402405ns0:TotalUnrestrictedFunds2023-03-3106402405ns0:TotalRestrictedIncomeFunds2023-03-3106402405ns0:TotalUnrestrictedFunds2024-03-3106402405ns0:TotalRestrictedIncomeFunds2024-03-3106402405ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3106402405ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-03-3106402405ns10:WithinOneYear2024-03-3106402405ns10:WithinOneYear2023-03-3106402405ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-3106402405ns10:ComputerEquipment2023-04-012024-03-310640240522023-04-012024-03-3106402405ns10:OwnedAssets2023-04-012024-03-3106402405ns10:OwnedAssets2022-04-012023-03-3106402405ns10:FurnitureFittings2023-03-3106402405ns10:ComputerEquipment2023-03-3106402405ns10:FurnitureFittings2023-04-012024-03-3106402405ns10:FurnitureFittings2024-03-3106402405ns10:ComputerEquipment2024-03-3106402405ns10:FurnitureFittings2023-03-3106402405ns10:ComputerEquipment2023-03-31
REGISTERED COMPANY NUMBER: 06402405 (England and Wales)
REGISTERED CHARITY NUMBER: 1127714














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Achieve Potentials Limited

Achieve Potentials Limited






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 12

Achieve Potentials Limited (Registered number: 06402405)

Report of the Trustees
for the year ended 31st March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives, activities and public benefit
The company's objects are:

To develop the capacity and skills of members of the socially and economically disadvantaged communities of Yorkshire, the surrounding areas and the United Kingdom in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.

To act as a resource for children, young people and adults by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; b) advancing education; c) relieving unemployment; d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

The main activities for the period were:

a) innovative methods of adapting delivery of projects to promote inclusion and development for 8 to 24 year olds (25 years with SEN) using sport and other activities as a tool of engagement;

b) workforce development - Emergency First Aid and Disability and Inclusive Sport Awareness courses;

c) Inclusive sports and football sessions delivery in partnership with Tigers Trust;

d) Inclusive Sports sessions and Visually Impaired walking sessions

e) Supporting the delivery of the Healthy Holidays programme HAF;

f) Delivery of Inclusive Sports as part of the legacy of StreetGames Doorstep Sports Club initiative;

g) Successful delivery of the Police Crime Commissioner’s Crime Reduction Fund Youth Engagement programmes across the city. Target areas included the Holderness Road area, Sutton Park, Ings and Dorchester Road area.

h) Successful delivery of Abbey Street park youth engagement sessions, funded by the Ward Budget.

i) Successful delivery of the National Lottery Funded ‘No Grumbles’ project which combined youth and community engagement in positive activities and provided a nutritious meal for participants.


Achieve Potentials Limited (Registered number: 06402405)

Report of the Trustees
for the year ended 31st March 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Obtaining enough grant funding in this financial year has proven to be difficult.

Achieve Potentials’ position was hindered further this year by Barclays Bank Plc closing our bank accounts, without any warning, for at least twelve weeks from September to December 2023; during which time we were unable to accept any funds from successful grant applications, nor could we apply for any new funding due to being unable to supply funders with bank account details or a current bank statement. This ultimately had a massive negative impact on our ability to be able generate income and to continue with our programmes.

Barclays had also frozen our accounts earlier in the July. On both occasions, we received official apologies from Barclays, who acknowledged their error in freezing and closing our accounts. The confusion arose because Barclays do not understand how charities, not-for-profit and other organisations in the voluntary and community sector are established and operate. We are aware there were many other charitable organisations nationally that experienced the same or similar difficulties with banks as we did.

In this financial year Achieve Potentials were awarded further investment from the Police and Crime Commissioner’s Crime Reduction Fund; Detached Youth Engagement project from October 2023 to March 2024. Funding for this initiative was claimed in arrears quarterly. This investment provided us with the opportunity to deliver an inclusive sports programme for at risk children and young people in four areas across the city. We successfully delivered the programme and engaged far more children and young people than we anticipated, obliterating the target figures.

The National Lottery Fund awarded Achieve Potentials a Small Grant which allowed us to deliver a youth engagement programme where the participants could also receive a healthy meal. This project was successfully completed in full and we received excellent feedback from our participants.

Achieve Potentials delivered the Healthy Holidays and Food programme over this year; providing engaging activities and healthy meals to children and young people throughout the school holidays.

An investment from Kingston upon Hull City Council Drypool Ward Budget funded a detached youth engagement programme in the Abbey Street area. This investment allowed us to continue working with the children and young people originally engaged through the KFC Foundation project which supported weekly youth engagement at Abbey Street Park from July 2022 to July 2023.

Achieve Potentials continued to provide services/activities and deliver training courses to/for various organisations across the region.

Achieve Potentials continued to work closely with Tigers Trust, supporting the delivery of Able and Active inclusive sports sessions, the Kicks programme and the Refugee football initiative.

Due to the issues regarding securing funding and investment detailed above, in December 2023, the Board made the difficult decision to issue notice to staff. Unfortunately, by the time we were informed of having been successful in two reasonably large grant applications in March 2024, the staff team had disbanded and we were not in a position to be able to accept the funding.

FINANCIAL REVIEW
Reserves policy
All reserves will be used to further the charitable objects set out in the company's Memorandum of Association.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 18th October 2007 and registered as a charity on 26th January 2009. The company was established under a Memorandum of Association which set out the objects and powers of the charitable company and is governed by its Articles of Association. The Memorandum and Articles of Association were amended by Special Resolution on 30th December 2008. In the event of the company being wound up its members are required to contribute an amount not exceeding £10.

Achieve Potentials Limited (Registered number: 06402405)

Report of the Trustees
for the year ended 31st March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Detailed instruction on the recruitment, appointment and election of trustees is included in the Articles of Association

Trustees & Directors
Mrs K Hepple
Mrs T F Robinson
Mr M Baker
Miss S Rothwell

Induction and training of new trustees
The training and induction of new trustees will depend upon existing experience. Where necessary induction will provide training on charity,legal and financial matters

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06402405 (England and Wales)

Registered Charity number
1127714

Registered office
Princes House
Wright Street
Hull
HU2 8HX

Trustees
As above

Company Secretary
I S Reynolds

Independent Examiner
Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

Approved by order of the board of trustees on 30th January 2025 and signed on its behalf by:





Mrs T F Robinson - Trustee

Independent Examiner's Report to the Trustees of
Achieve Potentials Limited

Independent examiner's report to the trustees of Achieve Potentials Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.








Paul Drant

Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

31st January 2025

Achieve Potentials Limited

Statement of Financial Activities
for the year ended 31st March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
General
46,328 - 46,328 53,448

Investment income 2 11 - 11 3
Total 46,339 - 46,339 53,451

EXPENDITURE ON
Charitable activities
General
58,614 - 58,614 75,571

NET INCOME/(EXPENDITURE) (12,275 ) - (12,275 ) (22,120 )


RECONCILIATION OF FUNDS
Total funds brought forward (3,569 ) - (3,569 ) 18,551

TOTAL FUNDS CARRIED FORWARD (15,844 ) - (15,844 ) (3,569 )

CONTINUING OPERATIONS
The organisation's activities ceased with effect from 31 March 2024.

Achieve Potentials Limited (Registered number: 06402405)

Balance Sheet
31st March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,332 - 1,332 1,615

CURRENT ASSETS
Debtors 7 550 - 550 5,462
Cash at bank and in hand 40 - 40 2,343
590 - 590 7,805

CREDITORS
Amounts falling due within one year 8 (17,766 ) - (17,766 ) (12,989 )

NET CURRENT ASSETS/(LIABILITIES) (17,176 ) - (17,176 ) (5,184 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,844

)

-

(15,844

)

(3,569

)

NET ASSETS/(LIABILITIES) (15,844 ) - (15,844 ) (3,569 )
FUNDS 10
Unrestricted funds (15,844 ) (3,569 )
TOTAL FUNDS (15,844 ) (3,569 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Achieve Potentials Limited (Registered number: 06402405)

Balance Sheet - continued
31st March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 30th January 2025 and were signed on its behalf by:





T F Robinson - Trustee

Achieve Potentials Limited

Notes to the Financial Statements
for the year ended 31st March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Achieve Potentials Limited

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 11 3

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 283 350

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Furtherance of Charity objectives 3 3

No employees received emoluments in excess of £60,000.

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 and 31st March 2024 8,937 4,228 13,165
DEPRECIATION
At 1st April 2023 7,729 3,821 11,550
Charge for year 181 102 283
At 31st March 2024 7,910 3,923 11,833
NET BOOK VALUE
At 31st March 2024 1,027 305 1,332
At 31st March 2023 1,208 407 1,615

Achieve Potentials Limited

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 297
Other debtors 550 -
Prepayments and accrued income - 5,165
550 5,462

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 16,542 9,845
Trade creditors 624 1,371
Social security and other taxes - 1,347
Accruals and deferred income 600 426
17,766 12,989

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank overdrafts 16,542 9,845

10. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund (3,569 ) (12,275 ) (15,844 )

TOTAL FUNDS (3,569 ) (12,275 ) (15,844 )

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 46,339 (58,614 ) (12,275 )

TOTAL FUNDS 46,339 (58,614 ) (12,275 )


Achieve Potentials Limited

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 18,551 (22,120 ) (3,569 )

TOTAL FUNDS 18,551 (22,120 ) (3,569 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 53,451 (75,571 ) (22,120 )

TOTAL FUNDS 53,451 (75,571 ) (22,120 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/22 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 18,551 (34,395 ) (15,844 )

TOTAL FUNDS 18,551 (34,395 ) (15,844 )

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 99,790 (134,185 ) (34,395 )

TOTAL FUNDS 99,790 (134,185 ) (34,395 )


Achieve Potentials Limited

Notes to the Financial Statements - continued
for the year ended 31st March 2024

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.