REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
THE BRISTOL CHILDREN'S HELP SOCIETY |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
THE BRISTOL CHILDREN'S HELP SOCIETY |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Trustees' Report | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 17 |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Trustees' Report |
FOR THE YEAR ENDED 31 DECEMBER 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 December 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 |
In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at our trustee meetings. The primary objective is to provide premises, at highly subsidised rates, that will assist childcare organisations in the provision of educational and respite breaks for children from financially and emotionally deprived backgrounds. This benefits young people by developing their self-confidence and social skills alongside practical life skills. We welcome all young people and we believe that this philosophy of openness to all enriches everyone through the sharing of skills, aptitudes and life experiences of our young people and volunteers. |
Achievements and performance |
With the passing of the Covid 19 pandemic Barton Camp was able to operate fully during the year and there was a consequent increase in the levels of attendance and income from previous levels. |
Volunteers |
The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision and fund raising. In accordance with the Charities SORP, the value of volunteers is not included in the financial statements. |
FINANCIAL REVIEW |
Financial position |
Income |
The main source of income is donations and legacies with £174,551 (2022: £296,132) received in the year. The reduction in donations was due to one off fundraising of £122,000 for the Gatehouse in the previous year. Revenue from subsidised lets during the year is further recovering from the effects of Covid-19 in the prior years to £137,613 (2022: £112,716). |
Expenditure |
Expenditure on direct charitable activities during the year was £255,019 (2022: £228,314). Raising funds accounted for £24,754 (2022: £13,965) of our total spend. |
The Trustees are pleased with the result for the year and the year end financial position. |
During the pandemic the Trustees were careful to only incur expenditure which was deemed as being necessary for the safe running of Barton Camp. They now feel that with rental income returning to pre-pandemic levels, they can incur expenditure on further enhancing the experience of all children who visit the Camp. To that end, they have designated £160,000 post year end to be spent on replacing and improving old play equipment on the site. This 'designated reserve' will be spent in 2024. |
Investment policy and objectives |
Under the memorandum and articles of association the charity has the power to invest in any way the trustees wish subject to any consents or restrictions that may be required by law. |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Trustees' Report |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FINANCIAL REVIEW |
Reserves policy |
The charity has a policy of holding, at the end of each financial year, sufficient free funds to finance the projected net normal running costs for the next twelve months. This reflects the need to have sufficient funds to meet respite and educational breaks already committed to for the following year and guard against unforeseen events, for example, Covid-19. |
As at 31 December 2023 the charity had free reserves of £414,069 (2022: £352,037). |
Funds donated for, or designated for, specific use are held in addition to the normal running costs reserve. |
Restricted funds are not released for use and projects are not started until all of the funds required for that specific purpose have been raised. |
The trustees consider that the charitable company will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved as it holds adequate cash reserves to function on shutdown for at least 12 months. The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements. |
FUTURE PLANS |
Plans for future periods |
The Society has a rolling five year business plan. |
Key elements of the plan are to: |
• increase the number of children using the centre; |
• improve our fundraising strategy through closer alliance with local firms and businesses; and |
• improve use of social media and the internet to publicise our activities and attract support. |
Independent examiner |
Andrew Jordan of Haines Watts Bristol Limited has been appointed as independent examiner for the ensuing year. |
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 trustees are appointed on the basis of qualification and experience relevant to the charity's operations. |
Induction and training of new trustees |
The trustees undertake appropriate induction and training in order to understand the particular way the charity operates and to keep up-to-date with the regulatory changes that affect the charity. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Trustees' Report |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
Andrew Jordan FCA |
Haines Watts (Western) Limited |
Chartered Accountants |
Bath House |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
Solicitors |
Osborne Clarke |
2 Temple Back East |
Temple Quay |
Bristol |
BS1 6EG |
Bankers |
National Westminster Bank Plc |
PO Box 238 |
32 Corn Street |
BS99 7UG |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Trustees' Report |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
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 |
Independent Examiner's Report to the Trustees of |
The Bristol Children's Help Society |
Independent examiner's report to the trustees of The Bristol Children's Help Society ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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 |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
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. |
Andrew Jordan FCA |
Haines Watts (Western) Limited |
Chartered Accountants |
Bath House |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
31 July 2024 |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities | 6 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | 15 | (100,600 | ) | 100,600 | - | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,412,161 |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Balance Sheet |
31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 352,037 |
Restricted funds | 1,060,124 |
TOTAL FUNDS | 1,412,161 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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. |
THE BRISTOL CHILDREN'S HELP SOCIETY (REGISTERED NUMBER: 04463732) |
Balance Sheet - continued |
31 DECEMBER 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 |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 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. |
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Income |
All income is recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Donations are recognised when received by or on behalf of the charitable company. Income tax recoverable on gift aid donations is recognised when the related income is recognised. Grants and legacies to the Society are accounted for as soon as the Society is notified of its legal entitlement and the amount due. Rental income from the lettings is recognised when the income is receivable. Deposits and receipts for bookings in future periods are deferred. Other income is recognised on a receipts basis. |
The value of services provided by volunteers has not been included. |
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. |
Freehold property | - |
Fixtures and fittings | - |
Improvements to property are not being depreciated due to these assets still being under construction in the year to 31 December 2023. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
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. |
Donated goods, facilities and services |
The value of services provided by volunteers is not incorporated into the financial statements. |
Where goods or service are provided to the charity as a donation that would normally be purchased from suppliers, the contributions are included in the financial statements as an estimate based on the value of the contribution. |
Short term liquid investments and cash |
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. |
Financial instruments |
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
Basic financial assets |
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
Basic financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the charity's contractual obligations are discharged, cancelled, or they expire. |
Accounting judgements |
No judgements (apart from those involving estimates mentioned above) have been made in the process of applying the above accounting policies. |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Gift aid |
Grants and donations |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Energy feed-in tariffs | 3,708 | 2,114 |
4. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Bank interest receivable | 4,820 | 910 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Holiday rents | Provision of premises | 137,613 | 112,716 |
6. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 7) | note 8) | Totals |
£ | £ | £ |
Provision of premises | 251,974 | 3,045 | 255,019 |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
7. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2023 | 2022 |
£ | £ |
Running costs | 212,625 | 190,730 |
Depreciation | 35,542 | 34,489 |
Loss on sale of assets | 3,807 | - |
251,974 | 225,219 |
8. | SUPPORT COSTS |
Governance |
costs |
£ |
Provision of premises | 3,045 |
Support costs, included in the above, are as follows: |
Governance costs |
2023 | 2022 |
Provision |
of | Total |
premises | activities |
£ | £ |
Examiner's remuneration for independent examination and accounts preparation |
3,045 |
3,095 |
9. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Accountancy fees | 1,700 | 1,750 |
Independent examiners' fees | 1,345 | 1,345 |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 257,547 | 984,894 |
TOTAL FUNDS CARRIED FORWARD | 352,037 | 1,060,124 | 1,412,161 |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
12. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) | ( |
) |
Reclassification | 46,899 | (46,899 | ) | - | - |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Gift aid debtor | 1,663 | 4,672 |
VAT |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
15. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.1.23 | in funds | funds | 31.12.23 |
£ | £ | £ | £ |
Unrestricted funds |
General Fund | 352,037 | 162,632 | (100,600 | ) | 414,069 |
Restricted funds |
Fixed Assets Fund | 979,899 | (39,349 | ) | 100,600 | 1,041,150 |
Gatehouse Fund | 80,225 | (80,225 | ) | - | - |
(119,574 | ) |
TOTAL FUNDS | 43,058 | 1,455,219 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General Fund | 322,831 | (160,199 | ) | 162,632 |
Restricted funds |
Fixed Assets Fund | - | (39,349 | ) | (39,349 | ) |
Gatehouse Fund | - | (80,225 | ) | (80,225 | ) |
( |
) | (119,574 | ) |
TOTAL FUNDS | ( |
) | 43,058 |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
15. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.1.22 | in funds | funds | 31.12.22 |
£ | £ | £ | £ |
Unrestricted funds |
General Fund | 257,547 | 94,490 | - | 352,037 |
Restricted funds |
Fixed Assets Fund | 934,894 | (34,489 | ) | 79,494 | 979,899 |
Thatchers Grant Fund | 50,000 | (12,281 | ) | (37,719 | ) | - |
Gatehouse Fund | - | 122,000 | (41,775 | ) | 80,225 |
984,894 | 75,230 | - | 1,060,124 |
TOTAL FUNDS | 1,242,441 | 169,720 | - | 1,412,161 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General Fund | 289,999 | (195,509 | ) | 94,490 |
Restricted funds |
Fixed Assets Fund | - | (34,489 | ) | (34,489 | ) |
Thatchers Grant Fund | - | (12,281 | ) | (12,281 | ) |
Gatehouse Fund | 122,000 | - | 122,000 |
122,000 | (46,770 | ) | 75,230 |
TOTAL FUNDS | 411,999 | (242,279 | ) | 169,720 |
The Fixed Assets Fund (restricted) reflects the net book value of the fixed assets capitalised. A transfer of £100,600 has been made from the general fund to reflect the value of capital improvements capitalised in the year. |
The Thatcher Grant Fund (restricted) represented a gift of £50,000 from Thatchers of which £42,000 was towards children's play equipment and £8,000 towards the pool surround and signage. This fund was fully spent in the prior year. |
The Gatehouse Fund (restricted) represented funds raised for the construction of a new Gatehouse, which have been fully spent in the year to 31 December 2023. The gatehouse has now been completed and transferred to the Fixed Asset Fund. |
THE BRISTOL CHILDREN'S HELP SOCIETY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
16. | RELATED PARTY DISCLOSURES |
During the year, B Hurditch who is also a trustee, was paid for overseeing the maintenance and running of the site a total of £13,000 (2022 - £8,000). |
There were no further related party transactions in the year. |
17. | COMPANY LIMITED BY GUARANTEE |
The charity is a private company limited by guarantee, registered in England and Wales, having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound up. |