Charity registration number 1206595 (England and Wales)
Company registration number 15090938
THE BIRTHDAY DREAMS FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
THE BIRTHDAY DREAMS FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rosanna Harris
Mrs Karen Millie-James
Louise Hakim
Charity number (England and Wales)
1206595
Company number
15090938
Registered office
Unit 2 Capital Business Park
Manor Way
Borehamwood
Hertfordshire
UK
WD6 1GW
Accountants
VPC Accountants Limited
Sanjita Bhavan
101 Brookdene Avenue
Watford
Greater London
WD19 4LG
THE BIRTHDAY DREAMS FOUNDATION
CONTENTS
Page
Trustees' report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Statement of cash flows
6
Notes to the financial statements
7 - 11
THE BIRTHDAY DREAMS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 1 -

The trustees present their annual report and financial statements for the Period ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The Birthday Dreams Foundation was established to make birthday dreams come true for children suffering with life threatening or terminal illnesses.  As a registered charity, The Birthday Dreams Foundation has raised a considerable amount of money in it’s first year from a 5k walk, musical theatre show with children performing, a wellbeing Fayre, and a Christmas raffle, as well as from personal donations.   It is intended for the fund raising to continue with several events planned.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives
Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the Period.

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the Period and up to the date of signature of the financial statements were:

Rosanna Harris
Mrs Karen Millie-James
Louise Hakim
Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

 

The company's current policy concerning the payment of trade creditors is to:

 

THE BIRTHDAY DREAMS FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 2 -

The trustees' report was approved by the Board of Trustees.

Rosanna Harris
Trustee
21 May 2025
THE BIRTHDAY DREAMS FOUNDATION
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BIRTHDAY DREAMS FOUNDATION FOR THE PERIOD ENDED 31 AUGUST 2024
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Birthday Dreams Foundation for the Period ended 31 August 2024, which comprise the statement of financial activities, the cash flow statement and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 19 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Birthday Dreams Foundation and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Birthday Dreams Foundation and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that The Birthday Dreams Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Birthday Dreams Foundation. You consider that The Birthday Dreams Foundation is exempt from the statutory audit requirement for the Period, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Birthday Dreams Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

VPC Accountants Limited
Chartered Accountants
Sanjita Bhavan
101 Brookdene Avenue
Watford
Greater London
WD19 4LG
21 May 2025
THE BIRTHDAY DREAMS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 AUGUST 2024
- 4 -
Unrestricted
funds
2024
Notes
£
Income from:
Donations and legacies
3
22,014
Total income
22,014
Expenditure on:
Charitable activities
4
13,024
Total expenditure
13,024
Net income and movement in funds
8,990
Reconciliation of funds:
Fund balances at 23 August 2023
-
Fund balances at 31 August 2024
8,990

The statement of financial activities includes all gains and losses recognised in the Period. All income and expenditure derive from continuing activities.

THE BIRTHDAY DREAMS FOUNDATION
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 5 -
2024
Notes
£
£
Current assets
Cash at bank and in hand
9,290
Creditors: amounts falling due within one year
8
(300)
Net current assets
8,990
The funds of the charity
Unrestricted funds
9
8,990
8,990

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the Period ended 31 August 2024.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved by the trustees on 21 May 2025
Rosanna Harris
Trustee
Company registration number 15090938 (England and Wales)
THE BIRTHDAY DREAMS FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 6 -
2024
Notes
£
£
Cash flows from operating activities
Cash generated from operations
11
9,290
Net cash generated from investing activities
-
Net cash generated from financing activities
-
Net increase in cash and cash equivalents
9,290
Cash and cash equivalents at beginning of Period
-
Cash and cash equivalents at end of Period
9,290
THE BIRTHDAY DREAMS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 7 -
1
Accounting policies
Charity information

The Birthday Dreams Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 2 Capital Business Park, Manor Way, Borehamwood, Hertfordshire, WD6 1GW, UK.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.5
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE BIRTHDAY DREAMS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 8 -
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.6
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE BIRTHDAY DREAMS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 9 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
£
£
Donations and gifts
18,125
-
Grants
3,889
-
22,014
-
4
Expenditure on charitable activities
Heading #ac982
2024
£
Direct costs
Purchases
6,266
Party expenses
5,501
Website costs
346
Donations
500
Accountancy
300
Legal and professional
111
13,024
Analysis by fund
Unrestricted funds
13,024
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
THE BIRTHDAY DREAMS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 10 -
6
Employees

The average monthly number of employees during the Period was:

2024
Number
Total
-
0
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

7
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

8
Creditors: amounts falling due within one year
2024
£
Accruals and deferred income
300
9
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 23 August 2023
Incoming resources
Resources expended
At 31 August 2024
£
£
£
£
General funds
-
22,014
(13,024)
8,990
10
Related party transactions

There were no disclosable related party transactions during the Period ( - none).

THE BIRTHDAY DREAMS FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 11 -
11
Cash generated from operations
2024
£
Surplus for the Period
8,990
Movements in working capital:
Increase in creditors
300
Cash generated from operations
9,290
12
Analysis of changes in net funds/(debt)

The charity had no material debt during the year.

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