REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
B@TITUDE LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
B@TITUDE LIMITED |
B@TITUDE LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
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 | 15 |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
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 2023. 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 and aims |
The Objects of the charity are: |
1 The prevention or relief of poverty by providing grants, items, services and opportunities to individuals in need, and/or charities or other organisations working to prevent or relieve poverty. |
2 To develop the capacity and skills of the members of socially and economically disadvantaged communities in such a way that they are better able to identify and help meet their needs and participate more fully in society. |
3 The relief of financial hardship among people by providing such persons with goods and services which they could not otherwise afford through lack of means. |
Public benefit |
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives for the future. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The focus of the charity is the shop in the local area of North Leatherhead, selling affordable good quality second hand baby and children's clothes, toys, books, and equipment. |
The charity's main aim is to be present and visible in the community, bringing people together in a safe environment, developing relationships while listening to people's needs and providing practical help where possible. |
B@titude looks to encourage creative and diverse solutions, while actively supporting people's dreams and helping these come to fruition. |
Main Achievements |
B@titude has eased back into a regular rhythm post pandemic and is starting to run more events, courses, and activities. |
The Hive is now well established in its new home and runs various creative workshops. Items made within The Hive are sold in the LCH Café and local fairs. The Hive is a safe place for the local community to meet, giving a dedicated space for people to learn or develop existing skills and has proved to be enormously helpful and therapeutic for many. |
Activities: |
- Kings & Queens Events |
- One-to-one counselling |
- Community support voucher(s) |
- Outings to Littlehampton for those not going on holiday |
- Summer community fun day in the School Holidays |
- New toy sales and 20p sales |
- Courses to support people's physical and mental health |
- Winter crisis support |
- Christmas support: presents and hampers for families and individuals |
- Partnering with other organisations and individuals to send excess clothes abroad |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
ACHIEVEMENT AND PERFORMANCE |
Funding |
The charity received a total of £19,378 in grants during the financial year 2022/23. |
For Counselling, the charity received £5,000 from Wates Family Enterprise Trust and £5,000 from American Women of Surrey. |
For The Hive, the charity received £3,378 from Thomas Flack Trust Fund. |
For the Cost of Living Crisis/Dreaming Fund, we received £6,000 from the Community Foundation for Surrey (East Court Fund). |
Future plans |
The charity looks to expand on the counselling services being provided. |
The charity will look to run workshops to actively support people's dreams and respond individually where possible; while actively looking at ways to both support existing projects and develop opportunities for people in the local community to get involved with and gain confidence and skills. |
The charity will be looking to increase its volunteer base and employ more staff members to help run the shop and to increase the time in which the shop will be open. |
The charity remains dedicated to its continued work with its existing partners, other organisations, and business to further enhance their positive impact on the community and the greater area of Surrey. The charity seeks new partners to help drive its vision forward and continues to explore additional ways in which it can help the community. |
FINANCIAL REVIEW |
Results for the year and Reserves policy |
The charity made a deficit for the year of £7,564 (2022:surplus of £13,239). |
The trustees have reviewed the reserves policy and have agreed to maintain sufficient reserves to cover at least six months of operational costs. |
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. |
Recruitment and appointment of new trustees |
The existing trustees invite new trustees to join the board. The trustees will evaluate the potential new trustees knowledge, experience and skills to ensure that these are complimentary to the other board members. The trustees will regularly review the qualities that the existing trustees bring to the Board along with any training needs that maybe required. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Trustees |
Independent Examiner |
Philip Longstaff FCA |
Ellis Atkins |
Chartered Accountants |
The Atrium Business Centre |
Curtis Road |
Dorking |
Surrey |
RH4 1XA |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
B@TITUDE LIMITED |
Independent examiner's report to the trustees of B@titude Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023. |
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. |
Philip Longstaff FCA |
Ellis Atkins |
Chartered Accountants |
The Atrium Business Centre |
Curtis Road |
Dorking |
Surrey |
RH4 1XA |
13th July 2023 |
B@TITUDE LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31ST MARCH 2023 |
31/3/23 | 31/3/22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 73,234 |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984) |
BALANCE SHEET |
31ST MARCH 2023 |
31/3/23 | 31/3/22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 11 |
Unrestricted funds | 52,629 |
Restricted funds | 20,605 |
TOTAL FUNDS | 73,234 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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. |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984) |
BALANCE SHEET - continued |
31ST MARCH 2023 |
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 |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
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 | - |
Equipment | - |
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. |
Government grants |
Grants are recognised when the entitlement to the grant is confirmed. Revenue based grants are recognised in the period in which the related costs are incurred. |
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. |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
2. | DONATIONS AND LEGACIES |
31/3/23 | 31/3/22 |
£ | £ |
Donations - Individuals |
Donations - Companies & Charities |
Gift aid |
Local Government and Council grants |
Job Retention Scheme grants received |
Project income | 5,336 | 2,750 |
Other income | 539 | 2,350 |
3. | OTHER TRADING ACTIVITIES |
31/3/23 | 31/3/22 |
£ | £ |
Shop income |
The Hive sales | 6,539 | 723 |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31/3/23 | 31/3/22 |
£ | £ |
Depreciation - owned assets |
Independent Examiner's fee | 700 | 660 |
Independent Examiner's fee - other services | 1,060 | 390 |
Ellis Atkins waived 33% of their fees relating to the preparation of the annual accounts and their Independent Examination. |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022. |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
6. | STAFF COSTS |
31/3/23 | 31/3/22 |
£ | £ |
Wages and salaries |
Other pension costs |
60,852 | 55,323 |
The average monthly number of employees during the year was as follows: |
31/3/23 | 31/3/22 |
No. of employees |
The trustees consider that the aggregate employment benefits of the key management personnel to be £43,574 (2022: £39,657) |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 51,332 | 8,663 |
TOTAL FUNDS CARRIED FORWARD | 52,629 | 20,605 | 73,234 |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
8. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
Cabin | fittings | Equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Other debtors |
Prepayments |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Accruals and deferred income |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
11. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 48,480 | (1,369 | ) | 47,111 |
Designated Fund | 4,149 | 3,044 | 7,193 |
1,675 |
Restricted funds |
Counselling | 4,298 | (1,788 | ) | 2,510 |
The Hive | 10,294 | (6,431 | ) | 3,863 |
Other Restricted Funds | - | 4,993 | 4,993 |
Summer Outings | 2,800 | (2,800 | ) | - |
Kings & Queens | 3,213 | (3,213 | ) | - |
(9,239 | ) |
TOTAL FUNDS | (7,564 | ) | 65,670 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 92,942 | (94,311 | ) | (1,369 | ) |
Designated Fund | 5,000 | (1,956 | ) | 3,044 |
( |
) | 1,675 |
Restricted funds |
Counselling | 5,200 | (6,988 | ) | (1,788 | ) |
The Hive | 3,378 | (9,809 | ) | (6,431 | ) |
Other Restricted Funds | 6,000 | (1,007 | ) | 4,993 |
Summer Outings | - | (2,800 | ) | (2,800 | ) |
Kings & Queens | 544 | (3,757 | ) | (3,213 | ) |
( |
) | (9,239 | ) |
TOTAL FUNDS | ( |
) | (7,564 | ) |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 49,933 | (1,453 | ) | 48,480 |
Designated Fund | 1,399 | 2,750 | 4,149 |
51,332 | 1,297 | 52,629 |
Restricted funds |
Counselling | 8,663 | (4,365 | ) | 4,298 |
The Hive | - | 10,294 | 10,294 |
Summer Outings | - | 2,800 | 2,800 |
Kings & Queens | - | 3,213 | 3,213 |
8,663 | 11,942 | 20,605 |
TOTAL FUNDS | 59,995 | 13,239 | 73,234 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 80,024 | (81,477 | ) | (1,453 | ) |
Designated Fund | 2,750 | - | 2,750 |
82,774 | (81,477 | ) | 1,297 |
Restricted funds |
Counselling | 460 | (4,825 | ) | (4,365 | ) |
The Hive | 15,246 | (4,952 | ) | 10,294 |
Summer Outings | 2,800 | - | 2,800 |
Kings & Queens | 3,600 | (387 | ) | 3,213 |
22,106 | (10,164 | ) | 11,942 |
TOTAL FUNDS | 104,880 | (91,641 | ) | 13,239 |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
11. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 49,933 | (2,822 | ) | 47,111 |
Designated Fund | 1,399 | 5,794 | 7,193 |
51,332 | 2,972 | 54,304 |
Restricted funds |
Counselling | 8,663 | (6,153 | ) | 2,510 |
The Hive | - | 3,863 | 3,863 |
Other Restricted Funds | - | 4,993 | 4,993 |
8,663 | 2,703 | 11,366 |
TOTAL FUNDS | 59,995 | 5,675 | 65,670 |
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 | 172,966 | (175,788 | ) | (2,822 | ) |
Designated Fund | 7,750 | (1,956 | ) | 5,794 |
180,716 | (177,744 | ) | 2,972 |
Restricted funds |
Counselling | 5,660 | (11,813 | ) | (6,153 | ) |
The Hive | 18,624 | (14,761 | ) | 3,863 |
Other Restricted Funds | 6,000 | (1,007 | ) | 4,993 |
Summer Outings | 2,800 | (2,800 | ) | - |
Kings & Queens | 4,144 | (4,144 | ) | - |
37,228 | (34,525 | ) | 2,703 |
TOTAL FUNDS | 217,944 | (212,269 | ) | 5,675 |
B@TITUDE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
12. | RELATED PARTY DISCLOSURES |