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COMPANY REGISTRATION NUMBER: 13435980
CHARITY REGISTRATION NUMBER: 1197084
Bluebells Community Club
Company Limited by Guarantee
Unaudited Financial Statements
30 June 2023
Bluebells Community Club
Company Limited by Guarantee
Financial Statements
Year ended 30 June 2023
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
5
Statement of financial activities (including income and expenditure account)
6
Statement of financial position
7
Notes to the financial statements
8
Bluebells Community Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 June 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2023 .
Reference and administrative details
Registered charity name
Bluebells Community Club
Charity registration number
1197084
Company registration number
13435980
Principal office and registered
4 Topfields Grove
office
Salford
M7 4DX
The trustees
A Eckstein
M Koth
M Ostreicher
Independent examiner
Mr Howard Schwalbe ACA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Structure, governance and management
Bluebells Community Club is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 03 June 2021 as a company and the company number is 13435980 . It was registered as a charity on 13 December 2021 with a charity number 1197084 .
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no formal policies for the induction or training of new trustees.
Risk review
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current level, combined with an annual review of controls over the key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that there are established systems to mitigate the significant risks.
The charity has also implemented policies including those relating to environmental, open access and child protection. Copies are available on request.
The risks faced by the trust are principally operational risks from ineffective usage of grant funds. These risks are managed by the trustees by ensuring appropriate after school clubs for as many girls as possible.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all clubs.
Objectives and activities
1) For the public benefit, to act as a community resource for young people and their families resident in Salford City and Bury, in particular but not exclusively those of the Orthodox Jewish Faith, by providing advice, support and assistance, and organising programmes of physical, educational and other activities as a means of:
(a) helping young people advance in life 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 and other charitable needs in the interests of social welfare with a view to improving the conditions of life of such persons.
2) The prevention or relief of poverty for the public benefit in Salford City and Bury, in particular but not exclusively among persons of the Orthodox Jewish Faith, through the provision of grants of financial assistance to individuals in financial need.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity is funded by donations and grants.
The trustees consider they have met the public benefit test and outline these achievements below.
The charity ran and funded an after school club, catering for nearly 100 girls.
The trustees consider they have met their aims successfully this year, by embarking on the project of developing the community centre.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The charity received £47,954 in donations and grants during the year and £12,203 from other operating income.
Direct charitable expenditure and support costs for the year amounted to £48,800. Direct charitable expenditure relates to the after school clubs operated by the charity.
The charity has low governance costs that comprise professional fees.
All other office costs are borne by a local benefactor and the trustees wish to record their appreciation to the benefactor for the free use of their offices.
Related party transactions are disclosed as applicable in the notes to the accounts.
There was an overall net income and net movement in funds for the year amounting to £11,357 relating to the unrestricted fund.
Financial review
The trustees consider that the year was acceptable in terms of income from donations and grants. The trustees are delighted to have made many valuable contributions to the community as a result and hope to be able to do so for many years to come.
Reserves policy
The present level of funding is adequate to support the continuation of the Bluebells Community Club and its activities in the medium term and the trustees consider the financial position of the charity to be satisfactory.
The unrestricted fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
The free reserves stand at £1,886 being the net current assets of the charity, all of which are unrestricted.
The trustees' annual report and the strategic report were approved on 22 February 2024 and signed on behalf of the board of trustees by:
A Eckstein
Trustee
Bluebells Community Club
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Bluebells Community Club
Year ended 30 June 2023
I report to the trustees on my examination of the financial statements of Bluebells Community Club ('the charity') for the year ended 30 June 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Mr Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
22 Feb 24
Bluebells Community Club
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2023
Year to 30 Jun 23
Period from 3 Jun 21 to 30 Jun 22
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
36,954
11,000
47,954
35,739
Other trading activities
6
12,203
12,203
--------
--------
--------
--------
Total income
49,157
11,000
60,157
35,739
--------
--------
--------
--------
Expenditure
Expenditure on charitable activities
7,8
37,800
11,000
48,800
45,210
--------
--------
--------
--------
Total expenditure
37,800
11,000
48,800
45,210
--------
--------
--------
--------
--------
--------
--------
--------
Net income/(expenditure) and net movement in funds
11,357
11,357
( 9,471)
--------
--------
--------
--------
Reconciliation of funds
Total funds brought forward
( 9,471)
( 9,471)
--------
--------
--------
--------
Total funds carried forward
1,886
1,886
( 9,471)
--------
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Bluebells Community Club
Company Limited by Guarantee
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Current assets
Debtors
14
5,000
Cash at bank and in hand
9,427
229
--------
----
14,427
229
Creditors: amounts falling due within one year
15
12,541
9,700
--------
-------
Net current assets
1,886
( 9,471)
-------
-------
Total assets less current liabilities
1,886
( 9,471)
-------
-------
Net assets
1,886
( 9,471)
-------
-------
Funds of the charity
Unrestricted funds
1,886
( 9,471)
-------
-------
Total charity funds
16
1,886
( 9,471)
-------
-------
For the year ending 30 June 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 22 Feb 24 , and are signed on behalf of the board by:
A Eckstein
Trustee
Bluebells Community Club
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 4 Topfields Grove, Salford, M7 4DX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported besides the valuation of fixed asset investments at the year-end.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Bluebells Community Club is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
36,954
36,954
Grants
Grants receivable
11,000
11,000
--------
--------
--------
36,954
11,000
47,954
--------
--------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Donations
Donations
11,748
11,748
Grants
Grants receivable
999
22,992
23,991
--------
--------
--------
12,747
22,992
35,739
--------
--------
--------
6. Other trading activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Carnival Income
1,439
1,439
Perfomance Ticket Sales
3,600
3,600
User Fees
7,164
7,164
--------
--------
----
----
12,203
12,203
--------
--------
----
----
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Community club activities
37,067
11,000
48,067
Support costs
733
733
--------
--------
--------
37,800
11,000
48,800
--------
--------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Community club activities
17,090
22,992
40,082
Support costs
5,128
5,128
--------
--------
--------
22,218
22,992
45,210
--------
--------
--------
8. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2023
Total fund 2022
£
£
£
£
£
Community club activities
47,837
230
73
48,140
44,610
Governance costs
660
660
600
--------
----
----
--------
--------
47,837
230
733
48,800
45,210
--------
----
----
--------
--------
9. Analysis of support costs
Analysis of support costs activity 1
Total 2023
Total 2022
£
£
£
Premises
2,284
General office
73
73
2,244
Governance costs
660
660
600
----
----
-------
733
733
5,128
----
----
-------
10. Analysis of grants
Period from
Year to
3 Jun 21 to
30 Jun 23
30 Jun 22
£
£
Grants to institutions
Keser Charities
230
----
----
Total grants
230
----
----
11. Independent examination fees
Period from
Year to
3 Jun 21 to
30 Jun 23
30 Jun 22
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
660
600
----
----
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
Period from
Year to
3 Jun 21 to
30 Jun 23
30 Jun 22
£
£
Wages and salaries
21,667
--------
----
The average head count of employees during the year was 5 (2022: Nil). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Number of staff
5
----
----
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Debtors
2023
2022
£
£
Other debtors
5,000
-------
----
15. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,260
600
Other creditors
11,281
9,100
--------
-------
12,541
9,700
--------
-------
16. Analysis of charitable funds
Unrestricted funds
At 1 July 2022
Income
Expenditure
At 30 June 2023
£
£
£
£
General funds
(9,471)
49,157
(37,800)
1,886
-------
--------
--------
-------
At 3 June 2021
Income
Expenditure
At 30 June 2022
£
£
£
£
General funds
12,747
(22,218)
(9,471)
----
--------
--------
-------
Restricted funds
At 1 July 2022
Income
Expenditure
At 30 June 2023
£
£
£
£
Restricted fund - grants receivable
11,000
(11,000)
----
--------
--------
----
At 3 June 2021
Income
Expenditure
At 30 June 2022
£
£
£
£
Restricted fund - grants receivable
22,992
(22,992)
----
--------
--------
----
17. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Current assets
14,427
14,427
Creditors less than 1 year
(12,541)
(12,541)
--------
--------
Net assets
1,886
1,886
--------
--------
Unrestricted Funds
Total Funds 2022
£
£
Current assets
229
229
Creditors less than 1 year
(9,700)
(9,700)
-------
-------
Net assets
(9,471)
(9,471)
-------
-------
18. Taxation
Bluebells Community Club is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.