REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
BOSTON ONE STOP SHOP |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
BOSTON ONE STOP SHOP |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
BOSTON ONE STOP SHOP |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Statement of Financial Position | 4 |
Notes to the Financial Statements | 5 | to | 8 |
BOSTON ONE STOP SHOP (REGISTERED NUMBER: 03623220) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 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 31 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 purpose of the Boston One Stop Shop is to promote the benefits for the interests of education and social welfare for recreation and leisure time occupation for the young people of Boston. The facility includes a 'drop-in' centre and cyber café for people aged 13 - 25 years without distinction of gender, sexual orientation, race, political, religious or other opinions. The facilities are also used by other statutory, local authority and voluntary organisations. |
Note that the 'drop-in' centre which was previously set up had to close in an earlier period. |
Public benefit reporting |
When reviewing the charity's objectives and activities and in planning future activities, the trustees have considered the Charity Commissions general guidance on public benefit. All trustees give of their time freely and no trustee remuneration was paid. |
ACHIEVEMENT AND PERFORMANCE |
During the year the charity has once again undertaken minimal activity; due primarily to the closure, in an earlier period, of the 'drop-in' centre where the counselling services were held. The board continues to look for other suitable projects which it can help support. Assistance has been offered to other organisations which pursue similar objectives. |
The directors have now identified an organisation which they have considered to be suitable and the charity will make a donation to this organisation. When the remaining funds have been donated the charity will then look to cease. |
FINANCIAL REVIEW |
Reserves policy |
It is the policy of the charity to expend the available reserves for the benefit of the young people during the development of the project but also to maintain sufficient reserves to ensure that the project is able to continue for the foreseeable future. |
The board continue to review the reserves policy on an annual basis. |
At 31 March 2023 the charitable company had funds carried forward of £5,830. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The governing document is the Memorandum and Articles of Association dated 28 August 1998 and as amended by a special resolution dated 11 May 1999. |
The company was incorporated on 28 August 1998 and registered as a charity on 5 July 1999. The company is limited by guarantee and has no share capital. In the event of the company's winding up, each member may be required to contribute an amount not exceeding £1 as a contribution towards the debts and liabilities of the company. |
Recruitment and appointment of new trustees |
The trustees may as they deem appropriate appoint a person who is willing to serve as a trustee. These should be a minimum of three serving trustees. |
Induction and training of new trustees |
The training and induction provided for new trustees will depend on their existing experience. Induction will be on an informal basis and tailored to the individuals needs. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
BOSTON ONE STOP SHOP (REGISTERED NUMBER: 03623220) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2023 |
Registered office |
Trustees |
Company Secretary |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
BOSTON ONE STOP SHOP |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2023 |
2023 | 2022 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Investment income | 3 |
EXPENDITURE ON |
Other |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 5,869 |
BOSTON ONE STOP SHOP (REGISTERED NUMBER: 03623220) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2023 |
2023 | 2022 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 6 |
Unrestricted funds: |
Unrestricted general fund | 5,830 | 5,869 |
TOTAL FUNDS | 5,869 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 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. |
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 |
BOSTON ONE STOP SHOP |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Boston One Stop Shop is an incorporated charity, registered in England and Wales. The charity's registered number and principal office address can be found on the Charity Commission website. |
The financial statements are presented in pound sterling (£) which is the functional currency of the charity. |
2. | 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. |
Taxation |
The financial statements are prepared on the basis that the charitable company is exempt under Sections 478 and 479 of the Corporation Tax Act 2010 and that no charge to taxation applies. |
Fund accounting |
Funds held by the charity are either: |
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. |
- Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
BOSTON ONE STOP SHOP |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
funds |
£ |
EXPENDITURE ON |
Other |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 5,869 |
6. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
Unrestricted general fund | 5,869 | (39 | ) | 5,830 |
TOTAL FUNDS | (39 | ) | 5,830 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted general fund | 1 | (40 | ) | (39 | ) |
TOTAL FUNDS | ( |
) | (39 | ) |
BOSTON ONE STOP SHOP |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
Unrestricted general fund | 5,909 | (40 | ) | 5,869 |
TOTAL FUNDS | 5,909 | (40 | ) | 5,869 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted general fund | - | (40 | ) | (40 | ) |
TOTAL FUNDS | - | (40 | ) | (40 | ) |
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 |
Unrestricted general fund | 5,909 | (79 | ) | 5,830 |
TOTAL FUNDS | 5,909 | (79 | ) | 5,830 |
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 |
Unrestricted general fund | 1 | (80 | ) | (79 | ) |
TOTAL FUNDS | 1 | (80 | ) | (79 | ) |
BOSTON ONE STOP SHOP |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
7. | RELATED PARTY DISCLOSURES |