BIG RED BUS CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
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1. Accounting Policies
|
| The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. |
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
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1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
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2. Income from Donations and Legacies
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|
| Analysis |
|
Unrestricted funds |
|
Total funds 2024 |
|
Total funds 2023 |
|
|
£ |
|
£ |
|
£ |
| Donation and gifts |
|
1.00 |
|
1.00 |
|
4,018.00 |
|
|
1.00 |
|
1.00 |
|
4,018.00 |
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3. Income from Charitable Activities
|
|
| Analysis |
|
Total funds 2024 |
|
Total funds 2023 |
|
|
£ |
|
£ |
| Children in Need |
|
- |
|
10,000.00 |
| Greater London Authority |
|
- |
|
8,579.00 |
| Royal Borough of Greenwich |
|
- |
|
15,646.00 |
| South East London Mind |
|
- |
|
4,530.00 |
| The Hilden Charitable Fund |
|
- |
|
5,000.00 |
| Tudor Trust |
|
- |
|
35,000.00 |
|
|
- |
|
78,755.00 |
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4. Income from Other Trading Activities
|
|
| Analysis |
|
Total funds 2024 |
|
Total funds 2023 |
|
|
£ |
|
£ |
| Events |
|
- |
|
64.00 |
|
|
- |
|
64.00 |
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5. Income from Investments
|
|
| Analysis |
|
Total funds 2024 |
|
Total funds 2023 |
|
|
£ |
|
£ |
| Rental and leasing income |
|
- |
|
6,719.00 |
|
|
- |
|
6,719.00 |
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6. Expenditure on Raising Funds
|
|
| Analysis |
Total funds 2024 |
Total funds 2023 |
|
£ |
£ |
| Rent collection, property repairs and maintenance charges |
- |
2,474.00 |
| Wages and salaries |
- |
79,852.00 |
| Staff costs |
- |
4,111.00 |
|
- |
86,437.00 |
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7. Expenditure on Charitable Activities
|
|
| Analysis |
Total funds 2024 |
Total funds 2023 |
| £ |
£ |
| Bank charges |
- |
639.00 |
| Legal/professional fees |
- |
448.00 |
| Support Costs |
- |
1,746.00 |
|
- |
2,833.00 |
|
|
|
| Analysis |
Total funds 2024 |
Total funds 2023 |
| £ |
£ |
|
Governance Costs
|
|
|
| Independent examiners fees |
- |
1,746.00 |
|
- |
1,746.00 |
|
|
|
| Analysis |
|
Total funds 2024 |
|
Total funds 2023 |
|
£ |
|
£ |
| Depreciation Charge for the Year - Fixtures & Fittings |
|
- |
|
383.00 |
| Other Expenditure |
|
- |
|
24,474.00 |
|
|
- |
|
24,857.00 |
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10. Tangible Fixed Assets
|
|
Fixtures & Fittings |
|
£ |
|
|
| At 01 August 2023 |
- |
| Additions |
- |
| Disposals |
- |
| Revaluations |
- |
| Transfers |
- |
| At 31 July 2024 |
- |
|
|
|
10.2 Depreciation and impairments
|
| At 01 August 2023 |
- |
| Charge for the year |
- |
| Disposals |
- |
| Revaluations |
- |
| Transfers |
- |
| At 31 July 2024 |
- |
|
|
|
|
|
| At 01 August 2023 |
- |
| At 31 July 2024 |
- |
|
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11. Debtors: Amounts falling due within one year
|
|
|
Total funds 2024 |
|
Total funds 2023 |
|
£ |
|
£ |
| Other debtors |
- |
|
4,255.00 |
|
- |
|
4,255.00 |
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12. Cash at bank and in hand
|
|
|
Total funds 2024 |
|
Total funds 2023 |
|
£ |
|
£ |
| Cash at bank and in hand |
1.00 |
|
- |
|
1.00 |
|
- |
|
13. Creditors: Amounts falling due within one year
|
|
|
Total funds 2024 |
|
Total funds 2023 |
|
£ |
|
£ |
| Accruals and deferred income |
- |
|
1,746.00 |
| Other creditors |
- |
|
269.00 |
|
- |
|
2,015.00 |
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14. Charity funds
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14.1 Details of material funds held and movements during the CURRENT reporting period
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| Fund names |
Fund balances brought forward |
Income |
Expenditure |
Transfers |
Gains and losses |
Fund balances carried forward |
| £ |
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds
|
|
- |
1.00 |
- |
- |
- |
1.00 |
|
Total
|
- |
1.00 |
- |
- |
- |
1.00 |
|
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14.2 Transfers between funds
|
This Year
|
|
Amount |
|
£ |
| Between unrestricted and restricted funds |
- |
| Between endowment and restricted funds |
- |
| Between endowment and unrestricted funds |
- |
|
|
Last Year
|
|
Amount |
|
£ |
| Between unrestricted and restricted funds |
- |
| Between endowment and restricted funds |
- |
| Between endowment and unrestricted funds |
- |
|
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15. Average Number of Employees
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|
Average Employees
|
This year
|
Last year
|
| Staff |
5 |
5 |
|
|
|
|
|
|
|
|
|
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Total Employees
|
5 |
5 |
|
Average number of employees during this year : 5 and Last year : 5
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