BLACKBURNE HOUSE
(Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS
for the year ended 31 July 2023
Company Registration Number 2674432 Charity Number 1010546
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BLACKBURNE HOUSE
Accounts
Year ended 31 July 2023
| Contents | Page |
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| Members ofthe Board and Professional Advisors | 2 |
| Trustees’AnnualReport | 3 |
| IndependentAuditor’s Report | 15 |
| Statement of Financial Activities | 20 |
| Comparative StatementofFinancialActivities | 21 |
| SummaryincomeandExpenditureAccount | 22 |
| Balance Sheet | 23 |
| Statement ofCash Flows | 24 |
| NotestotheAccounts | 25 |
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Members of the Board and Professional Advisors Year ended 31 July 2023
| Registered charity name | Blackburne House |
|---|---|
| Company number | 2674432 |
| Charitynumber | 1010546 |
| The Board ofTrustees | Liz Cross (Chair) |
| Sally-Anne Watkiss | |
| Annette Hennessy | |
| Therese Patten (resigned 30/11/22) | |
| Kate Fox (resigned 29/09/22) | |
| Claire Dixon | |
| Nina Roberts | |
| Humaira Khan | |
| Ngunan Adamu {appointed 23/02/23) | |
| Lynda Brady (appointed 23/02/23) | |
| Companysecretary | Jennifer Lawson |
| Chiefexecutive | Anne McColl (resigned 05/12/22) |
| Andrea Rushton (appointed Interim CEO 01/12/22) | |
| Andrea Rushton (appointed CEO 08/03/23) | |
| Registered office | Blackburne House |
| Blackburne Place | |
| OffHope Street | |
| Liverpool | |
| L8 7PE | |
| StatutoryAuditor | Mitchell Charlesworth (Audit) Limited |
| Accountants | |
| Registered Auditor | |
| 3rd Floor | |
| 5 Temple Square | |
| Temple Street | |
| Liverpool | |
| L2 5RH | |
| Bankers | National Westminster Bank Plc |
| 2 - 8 Church Street | |
| Liverpool | |
| L1 3BG | |
| Solicitors | MSB Solicitors Ltd |
| Silkhouse Court | |
| Tithebarn Street | |
| Liverpool | |
| 2212 |
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Trustees’ Annual Report Year ended 31 July 2023
The trustees, who are also directors for the purposes of the Companies Act, present their annual report and the audited financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the charity.
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 and “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 United Kingdom and Republic of Ireland published October 2019”.
Trustees
The trustees who served the charity during the period were as follows:
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|Liz|Cross|(Chair)|Humaira|Khan|
|Kate|Fox|(resigned|29/09/22)|Claire|Dixon|
|Sally-Anne|Watkiss|Therese|Patten|(resigned|30/11/22)|
|Annette|Hennessy|Nina|Roberts|
|Ngunan Adamu|(appointed|23/02/23)|Lynda|Brady|{appointed|23/02/23)|
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Trustees are appointed in accordance with the Memorandum and Articles of Association.
None of the trustees receive remuneration or other benefits for their work as trustees of the charity. Any connection between a trustee or senior manager of the charity with a company must be disclosed to the full Board of Trustees in the same way as any contractual relationship with a related party.
Objectives of the Charity
The charity's objects and its principal activity continue to be to advance education and to relieve need by providing or assisting in the provision of vocational training for women and by providing guidance for such of them, as are in need, calculated to enable them to earn their own living. To promote any charitable purpose and in particular charitable purposes directed to the advancement of women’s education and the provision of training facilities for women.
Public Benefit
When planning our activities for the year, the trustees have considered the Charity Commission’s guidance on public benefit and in particular the specific guidance on charities with other purposes currently recognised as charitable and any new charitable purpose which are similar to other charitable purpose.
We are an equal opportunities organisation and are committed to a working environment that is free from any form of discrimination on the grounds of race, ethnicity, sexual orientation or disability in line with the Equalities Act 2010.
lt is a priority of the organisation that access to our services is not restricted to those who can afford our fees. Our concessionary fee policy contributes to the widening of access to the courses we offer and the facilities we provide.
The trustees have had due regard to the guidance published by the Charity Commission on public benefit and in particular the supplementary guidance on public benefit and fee charging.
About Blackburne House
Women’s Technology Training Limited, our founder and sister company (known as Blackburne House Education) was established in 1983 with the aim of progressing women from disadvantaged backgrounds into employment within technical professions — an area in which, at the time, women were significantly under-represented.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
Strategic Report
The organisation grew quickly and considerably and, in 1991 we moved into new premises in Liverpool’s famous Georgian Quarter. More than £4m was raised in order to breathe new life back into Blackburne House and the beautiful, Grade Il-listed building that was once the home of the first Girls’ School in the country then became our new home.
After more than 30 years’ service we received local, national and international recognition for the work that we do in education and in June 2015 were granted Freedom of the City in recognition for our services in Education for Women across Liverpool and the wider Merseyside area.
Today, Blackburne House Education is a vibrant and thriving organisation. Over the years, through Blackburne House, we have established several successful social enterprises that succeed in supporting our educational aims and provide tangible examples of how new markets can be used to serve local communities.
Attracting thousands of visitors each year, our facilities now include a bistro, café, wellness and counselling centre, conference and events facilities, a 36-place nursery and a robust project portfolio.
In operating our social businesses, our social purpose, and the social value we create is key to all of the activities undertaken at Blackburne House. All our contributions enable us to deliver outstanding educational and economic opportunities for women from across the city, who view Blackburne House as a safe place to access learning and personal development.
Feedback from our learners and customers has proven that, by offering a range of educational opportunities with a unique wrap around structure, women across the city go on to access higher education and employment, becoming role models for their family and friends. Blackburne House is key to the economic activity of many women, and this can only be achieved as our social enterprises generate income, provide real life work experience for our learners as well as creating local employment opportunities and far reaching social impact.
Our Vision and Values
Our vision is to educate and upskill women so that they can pursue professions in every sector and at every level, to give confidence to the women we work with, so that they can go on to live independent lives, believe in their dreams and achieve their ambitions. We want to inspire our women to believe that anything is possible, to instill a culture of empathy and understanding; of inclusion and acceptance and to overcome racism, prejudice, discrimination, and adversity, creating a positive and holistic environment where women can share, learn and grow.
Our social enterprises provide an enterprising approach to teaching and learning. Enterprise encourages people to learn and develop in a way that meets their needs and develops skills for learning, skills for life and skills for work. The world is changing rapidly, and people need to be prepared. They need to have the skills and attitudes to cope with an unpredictable future, to be able to deal with setbacks and disappointments in a positive way and to continue to learn for the rest of their lives. Whenever possible, we utilise the resources across the whole of Blackburne House to provide our fearners with real life opportunities to enhance their development and support them to become more influential in their own lives and that of others.
We have a core set of values that are embedded into everything that we do. Those values are integral to our organisation, helping to define our long-term aims and objectives and influence the way we work.
Inspiration
We provide the highest possible quality of inspirational education and development — and our teaching and working methods and our services and environment reflect this relentless commitment.
Transformation
We believe in using creative working methods to develop new and innovative ways of fulfilling and exceeding our financial, social, and environmental aims - renewing and transforming our business and helping us to touch and transform the lives of everyone who works with Blackburne House.
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Trustees’ Annual Report (continued) Year ended 31 July 2023
Equality
Blackburne House is and has always been about holistic approaches to improving the lives of women — all women, We constantly build on the diversity and range of our services including support and education services for children and men, where these will contribute to improving the lives of women.
Independence
As well as helping our students and service users to develop their own independence, our charitable and commercial activities all operate to continuously improving business standards — to deliver the independence of Blackburne House.
Activities, achievements, and performance
The principal activity of Blackburne House is to provide support structures to its sister organisation, Blackburne House Education. Blackburne House has a range of social business areas, and each business area is driven by our values. In addition to this, our project portfolio provides unique and bespoke wrap around services to enhance wellness and learning opportunities. A summary of the performance of each of these businesses is given below:
The Bistro
The prime aim of our Bistro is to provide students, staff, conference attendees and a broad range of customers with value for money, nutritional meals in a relaxed and welcoming environment. As a bistro that champions social values our ‘Buy Social’ agenda is something that we consciously operate within every day, and we are proud of the social impact we make in so many ways:
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° We serve quality, affordable, healthy, and nutritious food, cooked from scratch every day. . We subsidise the cost of meals to staff and students to ensure our people are never hungry and are fully nourished to enable them to achieve the best possible personal results.
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° We use fresh produce each day, of which aver 90% is purchased from local suppliers and social enterprises.
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. We provide good quality jobs at a fair wage and employment and training opportunities for many women who are furthest from the labour market.
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° We provide volunteer and employment opportunities for people with learning difficulties and disabilities. ° We use fair trade products, and all of our disposables are biodegradable.
We are passionate about the quality of our food and service and the impact we have in the local community. We take pride that all our actions make a positive impact, not only on the education of women, but to the environment and the lives of people we employ and throughout our supply chain,
The Café @ Clatterbridge
Despite previous significant challenges and delays we successfully opened the Café in the Liverpool Clatterbridge Cancer Hospital. We provide catering for visitors, staff and patients, enabling Key Workers to access healthy nutritional meals this also helps generate additional income to the Catering portfolio at Blackburne House in supporting our charitable objectives.
The hospital Trust particularly wanted to work with providers rooted in the Liverpool community, supporting local staff and local suppliers. This provided an opportunity for growth and economies of scale within our Catering Portfolio to ensure we could scale up our hospitality turnover through another outlet for future growth and sustainability.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
Conference and Events
Blackburne House offers a variety of flexible rooms and spaces to host conferences, events, private functions, exhibitions, and development activities. We pride ourselves on being able to offer a welcoming conferencing and events service within a magnificent Grade II listed building.
Dating back to 1744, Blackburne House retains its original charm and style offering a venue with a difference. The very nature and versatility of the building enabled Blackburne House to navigate 2023 Conferencing and Events industry trends which saw event’s organisers wanting smaller sized rooms and event delegates wanting events spaces with a casual atmosphere, quality food and drink as well as space for networking and break out rooms.
As people started to experience virtual fatigue, we saw an increase in demand for room hire along with equipment to support hybrid events. The ability to host hybrid events is predicted to be an industry trend in 2024 and one which Blackburne House must be able to meet if it is to remain competitive in the marketplace.
This year we have continued to work with the Visit Hope Street CIC stakeholder group and have become a BID Levy Payer as the Hope Street area becomes a BID (Business Improvement District) which is a designate zone (BID Area) which will benefit from a wide range of additional services over and above those funded through the standard commercial rates and council services.
Next year, Conferencing & Events Industry trends are expected to focus upon:
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e Sustainability, with customers choosing venue with a more environmentally friendly footprint.
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° Social Responsibility. As a social enterprise, Blackburne House must be bold in how promotes its purpose, social impact, and unique value proposition.
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e Accessibility & Inclusion considerations to ensure that we make people feel welcome, valued, and included. As an organisation Blackburne House must consider a spectrum of solutions such as the use of Quiet Rooms, accessible room layouts, and appropriate audio-visual equipment.
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e The use of technology and how it can enhance both user and events booking and planning experiences.
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e Wellbeing meaning that the Wellness Centre can provide tailored offers to Conference and Events customers.
Nursery
Our 36-place nursery, from babies to 5-year-olds, provides high quality and innovative childcare that enhances the opportunities and lives of children, parents and families locally. We continue to be a key support structure for our students and the wider community by offering affordable and attainable childcare. We provide early learning interventions for funded 2, 3- and 4-year-olds to ensure they have the opportunity to access a childcare environment and support their development to become school ready. We continue to offer the government 30 hours funded places for 3- and 4-year-olds, tax free childcare, in addition to 15 hours funded places for 2-year-olds.
At our last Ofsted inspection was Jan 23, we were rated Good. The inspectors commended our staff and how they use their qualifications, knowledge, and skills to assess children's progress and to plan activities that reflect children's stages of development and interests.
We have now extended learning from indoors to our new outdoor sensory provision which offers children who do not have access to outdoors the opportunity to do so in a safe and controlled environment.
We pride ourselves on providing a diverse and rich multicultural environment where our children come from as many as 12 different nationalities. Children can speak Spanish as part of their learning in both preschool rooms. All our direct childcare staff are qualified to Level 3 or more and one member of staff has a degree in Early Years & childhood studies.
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BLACKBURNE HOUSE
Trustees’ Annual Report [continued] Year ended 31 July 2023
Nursery [Continued]
By working in close partnership with parents and carers we ensure all the child’s needs are met and supported. We use a software app called Famly in which we share observations, photographs, a live news feed for up-to-date information and any free advice, support or training for parent, carers or for extended family members who may not live in the same country.
As a charitable social enterprise, we give our children and local families the best possible life chances by:
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° Offering subsidised childcare for our students and providing free meals where food poverty impacts a child’s ability to learn and develop. Catering for children’s dietary requirements or sensory needs.
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° Delivering a holistic approach to parental and carer advice and support, guiding them through complex issues and concerns.
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° Empowering mums to go back into work.
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° Providing more flexible, short term funded places to support parents and carers in need of respite.
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° Delivering children’s workshops to develop new experiences and skills e.g., Spanish Lessons. Supporting children with special educational needs, which included speech and language therapy, behaviour and sensory support.
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° We retain SEND children when mainstream school places are deferred when not conducive to their individual needs or if no places at specialist provision are available. This provides consistency and routine for the children and family.
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° Providing free nursery education places for two, three & 4-year-olds from the most disadvantaged families. ° Events celebrating parents and carers with their children.
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° Holding our 5-year-old graduation ceremonies to celebrate the children’s development and school readiness.
Many of our children experience Special Educational Needs & Disabilities (SEND) and we recognize that Covid has been significant and remains an issue for the development of some children.
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Wellness and Counselling Centre
Formerly known as The Health Place, our on-site space has been re-positioned and repurposed to become a dedicated Wellness and Counselling Centre. There remains significant mental health decline amongst women and so we responded to this through accessing funding support for wellness and counselling services, building on the program of counselling interventions and wellness services we had begun at the start of the pandemic and scaling up the level of services we offer to meet the increasing demand. We are currently providing both a funded and commercial offer for individuals and organisations. For this period, we have supported in excess of 650 women with our funded counselling and wellness interventions.
We have recruited a team of Counsellors all who are generalists and have knowledge and experience in areas such as domestic abuse, trauma and anxiety and our funders have recognised the vital role our services have played in the lives of women in our community. Developing 1-2-1 and group services delivered by counsellors and wellness practitioners. The more recent service developments include support for women who experience menopause and long covid.
A further development is via our ‘Education Through Enterprise’ model, by linking education more closely to the commercial enterprise. We now provide level 4 student counsellors who require 100hrs clinical practice a placement with supervision to gain their full qualification. We have recognized that there is a lack of diversity within the counsellor base, so we have recruited 50% ofthe[learners][ from][Black,][ Asian][and][Minority][Ethnic][ backgrounds.][This][allows][us to][reach][more] women[in][need][ of][ mental] health support whilst enabling student counsellors to qualify and become economically active.
Our recent social accounts show that our social return on investment for ail activities are £1: £51.96,
As we move forward, we have developed the Wellness and Counselling Centre to become part of the core services of Blackburne House, making a significant social impact and becominga vital part of our broader portfolio.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
Safeguarding
We are committed to safeguarding and promoting the welfare of our students and expect all of our staff, trustees and volunteers to share this commitment. Safeguarding of children, young people and vulnerable adults continue to be important to the organisation, and we take seriously our duty to comply with the Safeguarding Vulnerable Groups Act 2006, Education Act 2002 and Counterterrorism and Security Act 2015 and The Board of Trustees and staff have undertaken training in this area and continually review our performance and ability to adapt and respond.
Our Board and the Education & Quality Committee closely monitor our policies and procedures and the organisation has an appointed a Board Safeguarding Lead, a Designated Safeguarding Officer and three four Safeguarding Officers.
We have continued to update our safeguarding policies and action plan in line with our activities.
Projects and Business Development
Developing new contracts to build on our strategic aims is an important part of the sustainability of our organisation. As a charity and social enterprise operating in a Grade II listed building, the revenue we gain through projects and grant funding is essential in support of organizational sustainability due to the contribution to core costs whilst delivering strong social impact to our recipients and partners. During this period, we have received funding from:
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The Peoples Postcode Lottery- wellness interventions
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Liverpool City Council Commissions- Long Covid and Domestic Abuse
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Social Enterprise Support Fund — wellness interventions
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National Garden Scheme — capital improvements
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Health Education England- student placements, The Wellness Centre
Weare active in developing our products and services that enrich our portfolio and are aligned to our strategic aims and values and we operate within the following arenas:
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1, Health & Wellbeing — Female Health, Mental Health, Loneliness & Social Isolation, Wellbeing & Resilience programs for women and families.
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Environmental & Cultural - A blend of programs focused on positive environmental outcomes to enhance the green economy, local biodiversity, and the adverse effects of climate change, in addition to cultural programs including inclusion and equality and maintaining the integrity of our historical asset and archives.
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33 Education & Employment - Career support, Access to Work, Personal Development, Lifestyle Courses and nonaccredited courses.
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Business - Business and personal development for Entrepreneurship, Leadership, Coaching and Mentoring and business start-up and scale up.
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BLACKBURNE HOUSE
Trustees’ Annual Report [Continued] Year ended 31 July 2023
Our plans for the future
Blackburne House hasa portfolio of businesses and projects that complement our core values in supporting the advancement of education and vocational training for women. Our strength is in our diversity as this means we have a variety of great assets and opportunities to maximise our full potential.
Through new strategic partnerships, we can provide responsive and bespoke support to women, families and the Black Asian & Minority Ethnic community that are more impactful and immediate. This will enable us to drive our trading and contracted services to a place of strength and sustainability for future scale and much needed social and economic impact.
Going forward we plan to focus our plans and strategic development on:
- ° Wehave secured funding for our Wellness and Counselling Centre, which supports our aim to establish this as one of the core service provisions in Blackburne House. We will continue to build and grow the program of wellbeing services to ensure we can continue to provide much needed support to tackle mental ill-health in our local community and provide local businesses and the public with a centrally located, welcaming destination for on-site counselling services and wellness activities. We have been contracted by local authority to provide counselling services for specialist mental health areas as well as secured additional funds to gear up the commercial aspects ofthe provision.
Alongside Blackburne House Education, we will support learners will mental health counselling services, helping them to remove obstacles to learning. Blackburne House Wellness and Counselling Centre will also play a vital role in providing an environment for newly qualified Level 4 counsellors to access clinical counselling placements to complete their professional status, increasing the number of diverse qualified counsellors in the city to help to meet the increasing demand for mental health services.
The Education Team in Blackburne House Education will deliver an increased program of counselling courses so the Wellness Centre can provide pathways to employment as Blackburne House learners both gain qualifications and experience in their chosen skill area. Through creating counselling roles, this will be an important employment pathway, particularly for BAME learners, so that service users can access support from professionals from their own community and culture. This is a unique offer that has madea significant social impact and is a vital part of our broader portfolio The Wellness and Counselling Centre will offer services to over 1,000 women over the coming year, supported through both grant and paid-for services of wellness and counselling and we will continue to work with strategic partners and funders to access finance to support the growth required in this sector to combat mental health inequalities.
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— Although there were significant chailenges to the start of the Liverpool Clatterbridge Cancer Centre catering outlet due to Covid, our offering at the hospital has been extremely well received and continues to grow. We have experienced higher turnover levels as the hospital opened up to visitors and increased hospital footfall. We continue to receive positive feedback from customers and Trust management and Blackburne House has an additional platform to promote the charity and raise our profile in the local community. We are delighted that patients and customers value the opportunity to access fresh, seasonal and nutritious food from a local social enterprise who can continue to tailor and adapt to their needs. We are encouraged that this model delivers significant benefits for both the Trust and Blackburne House and have created a successful trading model and will look for opportunities to replicate this at other suitable sites.
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. Continuing to deliver our vital Nursery services to clients and learners and within this period received the news that via HSBS we gained significant capital funds to refurbish the outside play area for work to begin in the next financial year. This investment will benefit those children that require additional SEND support through the sensory elements as well as for those children that due to living in areas of high deprivation don’t have access to safe and stimulating outside play areas.
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Trustees’ Annual Report [Continued] Year ended 31 July 2023
Our plans for the future [continued]
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e We have identified our conference and events as a growth area by developing local partnerships to increase the external customer usage of our spaces and this income stream. Through building our own program of events we will generate income and raise the profile of the charity. Our historic building has a unique style and customer experience with catering provided through our social enterprise bistro. More and more organisations are becoming more socially minded and identify the social value of supporting charity venues for their own conference and events.
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° We aim to grow our projects portfolio, supporting local community programs and working with local stakeholders in Visit Hope Street CIC to identify projects whereby Blackburne House can continue to be positioned as one of the most vital social enterprise charities in the city.
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e Our Catering division continues to increase trading levels and provide an opportunity for increased employment and development of staff skills while providing students with subsidised meals to support their learning and our local neighbours and community who have supported Blackburne House and continue to promote our quality of food services throughout the city.
The Board will continue to review our plans and shape the business so that we can focus our efforts on mission led, sustainable portfolios that support the vision to empower women. As an organisation with such proven track record, depth and reputation in the focal community, with a blend of services that have been able to adapt to local priorities, we are well positioned to strengthen our organisation and continue to serve the women of Liverpool and the local community.
Financial review
The trustees’ financial responsibilities include the solvency of the organisation, safeguarding the assets of the organisation and approving the annual budget to set financial objectives, which are quantifiable targets against which we can measure achievement. To assist us in achieving these objectives monthly management accounts are produced and discussed at Executive Leadership Team meetings. A formal cycle of reporting of management accounts has been established and includes bi-monthly meetings with both the Finance, Audit & Risk Committee (FA&RC) and the trustees. The FA&RC continually reviews the reporting mechanisms in place to ensure risk management and financial planning is developed and enhances the opportunities of the organisation. The FARRC, under powers delegated to it by the trustees, regulate and control the finances of the organisation.
We have continued with the increased frequency of meetings and reporting to FA&RC to ensure that we managed and mitigated risks,
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e — Engaged more frequently with our bankers Natwest and Lenders.
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° Enhanced cashflow management and reporting to review weekly along with extended forecasting. ° — Instigated finance repayment holidays for loan and lease repayments.
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Accessed HMRC PAYE/NI payment plans with HMRC.
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e Continued to work with our existing funders to agree cost of living uplifts. e Successfully applied for support grants with strategic partners
Our Financial Performance has significantly improved since 21/22 and with broader opportunities via additional products and services, for instance, contracts gain through our Wellness Centre supporting core costs and economies of scale through Clatterbridge.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
Financial review [Continued]
We are reporting a net expenditure for the year of £72,564 in the year (2022: £160,486 net expenditure) which is stated after depreciation and endowment release costs of £84,682.
We continue to review our strategic plans with our trading ability focusing on sustainability and mission. The financial projections for the remaining part of 2023/24 have been prepared, considering the opportunities to strengthen our offer through strategic partnerships. They reflect our ability to adapt to the landscape in a strong and progressive manner in support of our learners and community. The trustees are confident that we have an ongoing viable business model, and they remain optimistic about the future and our ability to navigate the short-term challenges and trade back up to sustainable levels in the longer term.
Remuneration of key management personnel
The trustees consider the Chief Executive and the Senior Management Team to be the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis.
It is the charity’s policy to pay staff at rates reflecting the local market and in line with similar organisations.
Reserves policy
The organisation’s reserve policy has been reviewed in line with guidance from the Charity Commission. It is the policy of the organisation to maintain unrestricted funds, which are the free reserves of the organisation at a level, which equates to three months liquidity requirements. The trustees have reviewed the value of reserves required and have set the desired value of the reserves at £300,000 (2022 £150,000) to reflect current level of overheads as the business grows. This provides sufficient funds to cover management, administration, and support costs for the development of our principal activities to enable us to provide a high-quality service to our stakeholders.
The organisation has not been able to achieve a surplus this year to improve the reserves position but is committed to continual improvement to reverse the negative reserves in future years. The trustees recognise that our negative unrestricted reserves position reflects the fact that we are a trading business rather than grant funded. We have invested our traded income into jobs, services, and strategic aims consistently over our many years in existence, responding to our communities needs and adapting to strengthen our social impact and services. The trustees continue to monitor the situation and have reviewed and agreed the strategy and priorities that align to this objective as we move forward.
Risk policy
The trustees are responsible for overseeing the risks faced by the organisation. Detailed considerations of risks are delegated to the Senior Management Team. Risks are identified and controls established throughout the year. All significant activities undertaken are subject to a risk review. Systems have been established to mitigate the risks and the Senior Management Team regularly reviews the risks and takes any action identified, with strategic oversight from the Finance, Audit and Risk Committee.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
Investment powers and restrictions
Under the Memorandum and Articles of Association, the charity has the power, to invest or deposit funds in any manner only after obtaining advice from a financial expert and having regard to the suitability of investments and the need for diversification.
The trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy, do not consider it necessary to invest in a portfolio of investments, but instead have operated a policy of keeping available funds in an interestbearing deposit account and seek to achieve a rate of deposit interest which matches or exceeds inflation as measured by the retail price index.
Invested funds are held on deposit in a high interest savings account for use as and when necessary.
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Environmental policy
The Board of Trustees and senior managers of Blackburne House are committed to the objectives of sustainable development and to achieving environmental best practice through all business activities, wherever practical to do so. We accept an active and practical leadership in respect of environmental management is a business function and that a concerted approach must be adopted to prevent pollution minimise waste and achieve continual improvement in environmental performance.
Blackburne House is committed to a structured approach to the management of its activities, ensuring it complies with or exceeds applicable environmental legal requirements and alt other relevant requirements and recognised best practices which are related to our environmental aspects.
Structure, governance and management
Governing document
Blackburne House is a charitable company limited by guarantee (No. 2674432), incorporated in England on 30 December 1991 and registered as a charity (No. 1010546) on 15 April 1992. The company was established underaMemorandum of Association, which estabiished the objects and powers of the charitable company and is governed under its Articles of Association. On winding up of the company each member will contribute £1.
Organisation
Each of the organisation’s business areas and social enterprises has been organised to support our learners they financially contribute to and facilitate the growth and development of the organisation’s resources.
The Board of Trustees administer the charity. The Board meets bi-monthly and there are sub-committees covering Finance & Resources and Education & Quality.
A Chief Executive (CEQ) is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance and to provide strategic direction for Blackburne House ensuring that its policies, systems, products and services are continually focused on achieving the organisation’s mission, including social, environmental and commercial objectives. The CEO leads business planning for all aspects of the service provision ensuring it fits with the strategic direction, local priorities and to champion high performance in line with the organisations values to ensure the sustainability of the group.
Blackburne House runs several award-winning social enterprises and those businesses are values based and committed to having a positive social and environmental impact on the communities we serve.
We are undertaking a governance review, with a view to exploring a group structure. This is due to our social enterprises being a key part of our strategy in supporting our charitable aims. Whilst waiting to conclude this review we have established an Enterprise Committee to oversee our income generating work and to ensure the Board oversees this in the context of our charitable responsibilities.
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Trustees’ Annual Report [continued] Year ended 31 July 2023
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The Management Team
Day to day management of the charity is delegated to the senior managers. The current team is: -
ARushton -_ Chief Executive
Trustee appointment, induction and training
The Board adopt a strategic approach to trustee recruitment and when appropriate all vacancies are advertised within the community to attract trustees to serve on its board and also invite trustees to nominate prior to the AGM.
All members are circulated with invitations to nominate trustees prior to the AGM advising them of the retiring trustees and requesting nominations for the AGM. When considering co-opting trustees, the Board has regard to the requirements for any specialist skillset and competency needed that would enhance the organisation’s ability to deliver on its strategic goals. Board members come from a variety of backgrounds, and it is this variety that adds value to the organisation. However, we recognise that our expectations are high and the demands we place on the Board are considerable, therefore we feel that it is important to support all Board Members with the training and development they need to complement and supplement their current skills and competencies.
The induction program aims to give the new member an understanding of the work of Blackburne House Education and to help recognise how they can makea significant contribution to the organisation during their term of office. New trustees undergo an orientation program to brief them on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the committee and decision-making processes and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events and internal training and briefings where these will facilitate the undertaking of their role.
Related Charities
Blackburne House is related to Women’s Technology Training Limited by virtue of common directors, influence and shared resources.
Statement of Trustees’ responsibilities
The trustees (who are also directors for the purposes of company law} are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
° select suitable accounting policies and then apply them consistently. e observe the methods and principles in the Charities SORP 2019 (FRS 102).
-
° make judgements and estimates that are reasonable and prudent.
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° state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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° prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
13|Page
Trustees’ Annual Report [continued) Year ended 31 July 2023
Statement of Trustees’ responsibilities
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees’ statement of disclosure of information to the auditors
Each of the persons who is a trustee at the date of approval of this report confirm in so far as they are aware: -
- ° there is no relevant audit information of which the charity’s auditors are unaware; and ° the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Auditors
A resolution for the re-appointment of Mitchell Charlesworth (Audit) Limited will be proposed at the forthcoming Annual General Meeting.
Approval
In approving the Trustees’ Annual Report, we also approve the Strategic Report included therein in our capacity as company directors.
RegisteredBlackburne Houseoffice: Blackburne Place Off Hope Street Liverpool L87PE
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SIGNED BY ORDER OF THE TRUSTEES
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Pell
Liz Cross
CHAIR OF THE BOARD OF TRUSTEES
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Approved by the trustees on 25 March 2024
Be
1a Page
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Mitchell Charlesworth (Audit) Limited Accountants
5 Temple Square . Temple Street . Liverpool . L2 5RH
BLACKBURNE HOUSE
Independent Auditor’s Report to the Members of Blackburne House for the year ended 31 July 2023
Opinion
We2023have whichauditedcomprisethe thefinancial Statementstatements of Financialof BlackburneActivities,Housethe (theBalance‘charitableSheet, thecompany’) Statementfor theof Cashyear Flowsended and31 theJuly notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
7 give a true and fair view of the state of the charitable company's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
° have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and . have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to going concern
We draw attention to note 1(q) in the financial statements, which highlights the fact that there is a net current liability position of £95,391 and a deficit on unrestricted funds of £517,203. Whilst these conditions indicate that a material uncertainty exists that may cast doubt on the charitable company’s ability to continue as a going concern, note 1(q) provides a full explanation of the circumstances surrounding this. Our opinion is not qualified in respect of this matter.
Other information
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge abtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. ff, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
7
15|Page
Mitchell Charlesworth (Audit) Limited
Accountants
5 Temple Square . Temple Street . Liverpool . L2 5RH
BLACKBURNE HOUSE
Independent Auditor’s Report to the Members of Blackburne House for the year ended 31 July 2023 [continued]
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
. the information given in the trustees’ report (incorporating the strategic report and the directors’ report) for the financia! year for which the financial statements are prepared is consistent with the financial statements; and
-
° the strategic report and the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in strategic report and the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
® the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
-
. the charitable company has not kept adequate accounting records; or
-
° the financial statements are not in agreement with the accounting records and returns; or
-
° we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees’ Responsibilities set out on pages 12 - 13, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
in preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
7 16| Page
7
:
,
:
Mitchell Charlesworth (Audit) Limited
Accountants
5 Temple Square . Temple Street . Liverpool . L2 5RH
BLACKBURNE HOUSE
Independent Auditor’s Report to the Members of Blackburne House for the year ended 31 July 2023 [continued]
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial staternents.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below,
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
-
° the nature of the industry and sector, control environment and business performance;
-
° the charitable company’s own assessment of the risks that irregularities may occur either as a result of fraud or error;
-
° the results of our enquiries of management and members of the Board of Trustees of their own identification of and assessment of the risks of irregularities;
-
e any matters we identified having obtained and reviewed the charitable company’s documentation of their policies and procedures relating to:
-
. identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
-
° detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
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° the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
-
° the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
17|Page
Mitchell Charlesworth (Audit) Limited
Accountants
5 Temple Square . Temple Street . Liverpool . L25RH
BLACKBURNE HOUSE
Independent Auditor’s Report to the Members of Blackburne House for the year ended 31 July 2023 [continued]
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
(i) The presentation of the charitable company’s Statement of Financial Activities, (ij) revenue recognition, and {iii} the overstatement of salary and other costs. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory framework that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Statement of Recommended Practice - ‘Accounting and Reporting by Charities' issued by the joint SORP making body .
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company’s ability to operate or to avoid a material penalty. These included Safeguarding, Data Protection and food hygiene regulations.
Audit response to risks identified
As a result of performing the above, we identified the presentation of the charitable company’s Statement of Financial Activities, revenue recognition and overstatement of wages and other costs as the key audit matters related to the potential risk of fraud. The key audit matters section of our report explains the matters in more detail and also describes the specific procedures we performed in response to those key audit matters.
In addition to the above, our procedures to respond to risks identified included the following:
-
e reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;
-
e enquiring of management and members of the Board of Trustees concerning actual and potential litigation and claims;
-
e performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
-
. reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities where matters identified were significant; and
-
e in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potentia! bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
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Mitchell Charlesworth (Audit) Limited
Accountants
5 Temple Square . Temple Street . Liverpool . L2 5RH BLACKBURNE HOUSE
Independent Auditor’s Report to the Members of Blackburne House for the year ended 31 July 2023 (continued)
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that comptiance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: http://www. frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Philip Griffiths Senior Statutory Auditor
25 March 2024
On behalf of Mitchell Charlesworth (Audit) Limited Statutory Auditor
3rd Floor 5 Temple Square Temple Street Liverpool Merseyside L2 5RH
19|Page
BLACKBURNE HOUSE
Statement of Financial Activities
Year ended 31 July 2023
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|Funds|Total|Funds|
|Income from:|Notes|Funds|Funds|Funds|2023|2022|
|£|£|£|£|£|
|Donations|and|legacies|2|11,847|-|-|11,847|19,525|
|Charitable|activities|3|1,253,454|142,138|-|1,395,592|1,111,257|
|Investments|4|1|-|-|1|1|
|Other|5|-|-|-|-|24,750|
|Tota!|income|1,265,302|142,138|-|1,407,440|1,155,533|
|Expenditure|on:|
|Charitable|activities|6|(1,276,272}|(165,675)|(38,057)|(1,480,004)|(1,316,019)|
|Total expenditure|(1,276,272)|(165,675)|(38,057)|(1,480,004)|(1,316,019)|
|Net expenditure|for|the|
|year|11|(10,970)|(23,537)|(38,057)|(72,564)|(160,486)|
|Total|funds|brought forward|(506,233)|2,212,832|2,676,704|4,383,303|4,543,789|
|Total funds carried forward|(517,203)|2,189,295|2,638,647|4,310,739|4,383,303|
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The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 25 to 38 form part of these financial statements. 20TP age
.
BLACKBURNE HOUSE
Statement of Financial Activities [continued]
Year ended 31 July 2023
Comparative information for the year ended 31 July 2022
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|Funds|Total|Funds|
|Income|from:|Notes|Funds|Funds|Funds|2022|2021|
|£|£|£|£|£|
|Donations|and|legacies|2|19,525|-|-|19,525|145,841|
|Charitable|activities|3|1,039,156|72,101|-|1,111,257|822,865|
|Investments|4|1|-|-|a|6|
|Other|5|24,750|-|-|24,750|-|
|Total|income|1,083,432|72,101|-|1,155,533|968,712|
|Expenditure|on:|
|Charitable|activities|6|(1,182,324)|(95,638)|(38,057)|(1,316,019)|(1,090,509)|
|Total|expenditure|(1,182,324)|(95,638)|(38,057)|(1,316,019)|(1,090,509)|
|Net|expenditure|for|the|
|year|11|(98,892)|(23,537)|(38,057)|(160,486)|(121,797}|
|Total|funds|brought|forward|(407,341)|2,236,369|2,714,761|4,543,789|4,665,586|
|Total funds|carried|forward|(506,233)|2,212,832|2,676,704|4,383,303|4,543,789|
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The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 25 to 38 form part of these financial statements.
21 | Pa ge
BLACKBURNE HOUSE
Summary Income and Expenditure Account Year ended 31 July 2023
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||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|Notes|£|£|
|Income|1,407,439|1,155,532|
|Interest|and|investment|income|4|1|a|
|Gross|income|1,407,440|1,155,533|
|Expenditure|1,386,835|1,236,897|
|interest|payable|8,487|8,245|
|Depreciation|84,682|70,877|
|Total|expenditure|1,480,004|1,316,019|
|Net (expenditure)|(72,564)|(160,486)|
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All of the activities of the charity are classed as continuing.
The notes on pages 25 to 38 form part of these financial statements.
Oe 22 |Page
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|
BLACKBURNE HOUSE
Balance Sheet
31st July 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 15 | 4,887,170 | 4,968,324 | ||
| Current assets | |||||
| Stocks | 16 | 3,567 | 3,654 | ||
| Debtors | 17 | 91,967 | 87,384 | ||
| Cash at bank and in hand | 33,045 | 96,977 | |||
| 128,579 | 188,015 | ||||
| Creditors: Amounts falling due | |||||
| within oneyear | 18 | (223,970) | (656,013) | ||
| Netcurrent liabilities | (95,391) | (467,998) | |||
| Total assets less current liabilities | 4,791,779 | 4,500,326 | |||
| Creditors: Amounts fallingdue after | |||||
| more than one year | 19 | (481,040) | (117,023) | ||
| Net assets | 4,310,739 | 4,383,303 | |||
| - _ |
|||||
| Thefunds ofthe Charity | |||||
| Endowment | 22 | 2,638,647 | 2,676,704 | ||
| Restricted Unrestricted |
23 24 |
2,189,295 (517,203) |
2,212,832 (506,233) |
||
| Totalfunds | 25 | 4,310,739 | 4,383,303 |
These financial statements were approved by the trustees and authorised for issue on 25 March 2024 and are signed on their behalf by:
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4
Claire Dixon
Trustee
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Company Registration Number: 2674432
|
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{
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The notes on pages 25 to 38 form part of these financial statements.
23 [Page
BLACKBURNE HOUSE
Statement of Cash Flows
Year ended 31 July 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Cash flowfrom operating activities | |||||
| Cash generated from operations | 31 | (22,766) | 28,582 | ||
| Cash flowfrom investing activities | |||||
| Payments to acquire tangiblefixed assets | (3,528) | (3,815) | |||
| Investment income received | 1 | 1 | |||
| Netcash flowfrom investing activities | (3,527) | (3,814) | |||
| (26,293) | 24,768 | ||||
| Cash flowfrom financing activities | |||||
| New borrowings | - | 50,000 | |||
| Repayment of loans | (24,193) | (17,598) | |||
| Payment ofobligations underfinance leases | (4,959) | (6,331) | |||
| Interest paid | (8,487) | (8,245) | |||
| Netcash flowfrom financing activities | (37,639) | 17,826 | |||
| Net increase/(decrease) in cash and cash equivalents | (63,932) | 42,594 | |||
| Cash and cash equivalents at 1 August 2022 | 96,977 | 54,383 | |||
| Cashandcashequivalentsasat31July2023 | 33,045 | 96,977 |
The notes on pages 25 to 38 form part of these financial statements.
24|Page
BLACKBURNE HOUSE
Notes to the Financial Statements Year ended 31 July 2023
1. Summary of accounting policies
(a) General information and basis of preparation
Blackburne House is a company limited by guarantee and a registered charity incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are set out in the Trustees’ Report on page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements 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) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
- (b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
The property fund is treated as a permanent endowment on the basis that the original building is not owned by the charity and the building alterations that have been carried out form a capital fund with which the charity has now power to convert the capital into income.
- (c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
25|Page
BLACKBURNE HOUSE Notes to the Financial Statements [continued] Year ended 31 July 2023
1. Summary of accounting policies [Continued]
(c) Income recognition [Continued]
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to special performance conditions and is recognised as earned as the related services are provided. Grant income included in this category provides funding to support performance activities and is recognised when there is entitlement, certainty of receipt and the amounts can be measured with sufficient reliability.
Investment income is earned through holding assets for investment purposes such as bank deposits. It essentially includes interest which is recognised using the effective interest method.
(d} Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
-
= Expenditure on charitable activities includes costs associated with the charity including support costs as appropriate.
-
= Other expenditure represents those items not falling into the category above.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the charity’s registered office. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
The analysis of these costs is included in note 7.
(f} Capital grants
Grants received to cover the cost of building alterations and fixtures and fittings are included as restricted income and will be credited to the Statement of Financial Activities on a basis consistent with the depreciation policy.
(g) Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Capital expenditure on equipment is written off in the period in which it is incurred if purchased from grant income. Individual assets are capitalised on the balance sheet where their cost exceeds £100.
7
26|Page
Notes to the Financial Statements [continued] Year ended 31 July 2023
BLACKBURNE HOUSE
1. Summary of accounting policies (Continued)
(g) | Tangible fixed assets [continued]
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Building alterations & additions 1- 10% per annum Computers 10 - 33% per annum Fixtures & fittings 10 - 20% per annum Equipment 10 - 20% per annum
Whilst historically building alterations have been depreciated at 1%, additions are not considered to have the same fife and so are depreciated over 10 years.
(h) Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other cost incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
(i) Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(j) Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
{k) Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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. Financia! assets classified as receivable within one year are not amortised.
27 |Page
BLACKBURNE HOUSE Notes to the Financial Statements [continued] Year ended 31 July 2023
1; Summary of accounting policies [Continued]
(k) — Financial instruments [Continued]
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 receipts 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 offinancial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
(I) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
(m) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SofA on a straight-tine basis over the period of the lease.
(n) Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
(o) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.
28|Page
.
Notes to the Financial Statements [continued] Year ended 31 July 2023
|
{
|
BLACKBURNE HOUSE
i: Summary of accounting policies [Continued]
(p) VAT
The charity is partially exempt for VAT purposes. VAT for partial exemption which is not allowed in the year is written off to the Statement of Financial Activities.
(q) Going concern
The financial statements have been prepared on a going concern basis as the future outlook reflects the opportunities that have arisen as a result of our ability to support the communities we serve as we emerge from Covid-19, Whilst the Trustees acknowledge the net current liabilities position of £443,550 is a challenging basis on which to enter into post Covid-19 recovery, we are confident that our core business can respond to the transitioning period, bolstered by our embedded social impacts in action.
Our day to day activities that provide much needed services in support of our charitable aims to educate women and drive social and economic advancement have emerged as more valuable than previously recognised, During this pandemic, we have strengthened our work within our community as we are directly aligned to those who need us most. We are able to provide responsive and bespoke support to women, families and the BAME community that are impactful and immediate and funders are investing in organisations that are delivering social value though their day to day trading operations, activities and interventions, rather than through one off projects.
Funders have seen the value of organisations working with particular communities during Covid-19. We are rooted in the local community and have access to people who have been disadvantaged through this pandemic. Our learners and employees, a high proportion of which are women, part of the BAME community and those who experience social deprivation are even more at risk of mental ill health and cultural inequalities. Blackburne House have responded at speed with interventions that reach those people most in need and provided funders with the networks and reach to make a difference. We have successfully contracted to provide that support post Covid19 and we anticipate this will translate into long term, substantial contracts with significant interventions.
The trustees have reviewed the plans and consider that the budgeted income and expenditure is sufficient for the charity to be able to continue as a going concern and remain confident that core business is sustainable in the long term.
| 2. | Incomefrom donationsand | —_—Unrestricted | Restricted | Endowment | Total | Total |
|---|---|---|---|---|---|---|
| legacies | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| Donations | 11,847 | - | - | 11,847 | 1,805 | |
| Grants receivable | - | - | - | - | 17,720 | |
| 11,847 | - | - | 11,847 | 19,525 |
All of the above income in 2022 was attributable to unrestricted funds.
29| Page
BLACKBURNE HOUSE
Notes to the Financial Statements [continued] Year ended 31 July 2023
| 3. | Incomefrom charitable | Unrestricted | Restricted | Endowment | Endowment | Total | Total |
|---|---|---|---|---|---|---|---|
| activities | Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | |||
| Nursery income | 364,644 | - | - | 364,644 | 358,049 | ||
| Café Bar income | 221,489 | - | - | 221,489 | 221,896 | ||
| Rent receivable | 115,587 | - | - | 115,587 | 39,423 | ||
| Events | 102,720 | - | - | 102,720 | 102,629 | ||
| Car park income | 30,826 | - | - | 30,826 | 23,993 | ||
| Clatterbridge café | 387,222 | - | - | 387,222 | 277,222 | ||
| Wellness Centre | 29,957 | - | - | 29,957 | 2,795 | ||
| Grants receivable: | |||||||
| People’s Postcode Lottery | - | 27,083 | - | 27,083 | 22,917 | ||
| Liverpool City Council - Public | |||||||
| Health Domestic Abuse Mental | |||||||
| Health | - | 8,449 | - | 8,449 | 16,898 | ||
| Liverpool City Council - | |||||||
| Clinically Extremely Vulnerable | |||||||
| People Grant | - | 64,571 | - | 64,571 | 32,286 | ||
| Big Issue Invest SESF | - | 40,917 | - | 40,917 | - | ||
| The National Garden Scheme | - | 1,118 | - | 1,118 | - | ||
| Other | 1,009 | - | - | 1,009 | 13,149 | ||
| 1,253,454 | 142,138 | - | 1,395,592 | 13111,957 | |||
| Of the above income in the prior year, £1,039,156 was attributable to | unrestricted | funds, and | £72,101 was | ||||
| attributable to restricted funds. | |||||||
| 4. | Income from investments | Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2023 | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Interest received on cash | |||||||
| deposits | 1 | - | = | 1 | 1 | ||
| All of the above income in 2022 was attributable to unrestricted | funds. | ||||||
| 5. | Other income | Unrestricted funds | |||||
| Total | Total | ||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Businessinterruptioninsuranceclaim | - | 24,750 |
BE
8320 Page
BLACKBURNE HOUSE
|
| } | E | t |
‘
Notes to the Financial Statements [continued] Year ended 31 July 2023
| 6. | Analysis ofexpenditure on charitable | Activities | |||
|---|---|---|---|---|---|
| activities | undertaken | Support | Total | Total | |
| directly | costs | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Nursery | 268,034 | 130,758 | 398,792 | 427,734 | |
| Wellness Centre | 41,665 | 45,623 | 87,288 | 1,970 | |
| Cafe | 424,815 | 79,424 | 504,239 | 486,295 | |
| Events | 14,308 | 36,834 | 51,142 | 62,488 | |
| Projects and Business Development | (23,818) | - | (23,818) | (2,083) | |
| Buildingmanagement | 94,606 | 68,628 | 163,234 | 119,860 | |
| Clatterbridge café | 119,782 | 136,712 | 256,494 | 201,916 | |
| Other | - | 42,633 | 42,633 | 17,839 | |
| 939,392 | 540,612 | 1,480,004 | 1,316,019 |
Of the above costs £1,276,272 (2022 £1,182,324) were attributable to unrestricted funds, £165,675 (2022 £95,638) were attributable to restricted funds, and £38,057 (2022 £38,057) were attributable to endowment funds.
| 7. | Allocation ofsupport costs | 2023 | 2022 |
|---|---|---|---|
| Managementsalaries | £ 157,498 |
£ 185,003 |
|
| Premises costs | 171,083 | 134,285 | |
| Office costs | 73,494 | 57,934 | |
| Depreciation Professional |
84,682 649 |
70,877 6,430 |
|
| Other | 39,035 | 42,467 | |
| Governancecosts (see note 8) | 14,171 | 9,503 | |
| 540,612 | 506,499 | ||
| 8. | Governance costs | 2023 | 2022 |
| £ | £ | ||
| Audit and accountancy fees | 14,171 | §,503 | |
| 9. | Staffcostsand employee benefits | 2023 | 2022 |
| £ | £ | ||
| The aggregate payroll costswere: | |||
| Wages and salaries | 703,268 | 592,577 | |
| Social security costs | 44,785 | 35,049 | |
| Other pension costs | 18,057 | 14,691 | |
| 766,110 | 642,317 | ||
| Recharged salaries (net) | (30,000) | 58,283 | |
| 736,110 | 700,600 |
31{Page
BLACKBURNE HOUSE
Notes to the Financial Statements [continued] Year ended 31 July 2023
9. Staff costs and employee benefits {continued]
| Staff costscosts and employee benefits {continued] | ||
|---|---|---|
| 2023 | 2022 | |
| Particulars ofemployees: | £ | £ |
| Theaverage numberofstaffemployed bytheCharityduring the financial year | ||
| amounted to: | 43 | 41 |
| Therearenoemployeeswithemolumentsabove£60,000. |
10. Trustees’ and key management personnel remuneration and expenses
No remuneration was paid to the trustees during the year for their services as trustees (2022 £Nil) nor were any expenses reimbursed (2022 ENil).
The total amount of employee remuneration received by key management personnel is £67,800 (2022 £57,298).
The charity considers its key management personnel to comprise the Executive Director of Operations. The CEO role is a shared resource between Blackburne House and its sister company, Women’s Technology Training Limited. There is an annual recharge to Women’s Technology Training Limited each year in connection with this resource,
| 11. | Net income/(expenditure) forthe year | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| This is stated aftercharging: | |||
| Staffpension contributions | 18,057 | 14,691 | |
| Depreciation | 84,682 | 70,877 | |
| Auditors’ remuneration - as auditors | 14,171 | 9,503 | |
| 12. | Auditor’s remuneration | 2023 | 2022 |
| £ | £ | ||
| Fees payable to the charity’s auditor for the audit of the | |||
| charity’s annual accounts | 14,171 | 9,503 | |
| 13. | Taxation | ||
| Thecompany is exemptfrom corporation tax on its charitable activities. | |||
| 14. | ‘interest payable and similar expenses | 2023 | 2022 |
| £ | £ | ||
| Other loans | 6,210 | 5,596 | |
| Finance charge payable under finance leases | 2,277 | 2,649 | |
| 8,487 | 8,245 |
32|Page
BLACKBURNE HOUSE
Notes to the Financial Statements [continued]
Year ended 31 July 2023
| 15. | Tangible fixed assets | Building | Fixtures& | |||
|---|---|---|---|---|---|---|
| Alterations | Equipment | Fittings | Computers | Total | ||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At 1August 2022 | 6,139,422 | 264,186 | 282,154 | 58,790 | 6,744,552 | |
| Additions | - | 1,130 | 2,398 | - | 3,528 | |
| At31 July2023 | 6,139,422 | 265,316 | 284,552 | 58,790 | 6,748,080 | |
| Depreciation | ||||||
| At 1 August2022 | 1,245,474 | 216,821 | 255,465 | 58,468 | 1,776,228 | |
| Chargefortheyear | 62,094 | 13,805 | 8,676 | 107 | 84,682 | |
| At31July 2023 | 1,307,568 | 230,626 | 264,141 | 58,575 | 1,860,910 | |
| Net bookvalue | ||||||
| At31July2023 | 4,831,854 | 34,690 | 20,411 | 215 | 4,887,170 | |
| At31July 2022 | 4,893,948 | 47,365 | 26,689 | 322 | 4,968,324 | |
| included in the net bookvalue ofequipment is£27,627 | £27,627 (2022 -£34,534) | £34,534) in respectof | ofassets held | underfinance | ||
| leases. |
16. Stocks
| 16. | Stocks | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Goods for resale | 3,567 | 3,654 | |
| 17. | Debtors | 2023 | 2022 |
| £ | £ | ||
| Trade debtors | 64,437 | 59,628 | |
| Prepayments | 27,530 | 26,238 | |
| Other debtors | - | 1,518 | |
| 91,967 | 87,384 | ||
| 18. | Creditors: Amounts fallingdue within oneyear | 2023 | 2022 |
| £ | E | ||
| Obligations underfinance leases | 7,519 | 7,483 | |
| FirstArk loan | 20,974 | 29,400 | |
| People’s Postcode Lottery loan | 6,732 | 6,408 | |
| Bounce Back loan | 5,571 | 6,243 | |
| Trade creditors | 129,304 | 136,722 | |
| Social security and othertaxes | 40,130 | 41,184 | |
| Other creditors | 1,174 | 304,182 | |
| Accruals and deferred income | 12,566 | 124,391 | |
| 223,970 | 656,013 |
33|Page
BLACKBURNE HOUSE
Notes to the Financial Statements {continued} Year ended 31 July 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|19.|Creditors: Amounts|falling due|after more|than|one year|2023|2022|
|£|£|
|Obligations under|finance|leases|10,545|15,540|
|First Ark|loan|14,358|16,953|
|People’s|Postcode|Lottery|loan|36,199|42,931|
|Bounce|Back|loan|35,507|41,599|
|Other|creditors|(see|note|26)|384,431|-|
|481,040|117,023|
|The finance|leases|are secured|against|the|assets|acquired.|a|
----- End of picture text -----
On 29 March 2018 First Ark advanced the charity £120,000 repayable in monthly instalments over 6 years at a rate of interest of 8.5%.
On 20 May 2020, National Westminster Bank plc advanced the charity £50,000 under the Coronavirus Bounce Back Loan Scheme (BBLS) originally repayable over 6 years but extended to 10 years on 4 June 2021, with an interest rate of 2.5% per annum.
On 31 January 2022, People’s Postcode Lottery advanced the charity £50,000 repayable in monthly instalments over 7 years at a rate of interest of 3%.
- Loans and overdrafts
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Creditors|include|loans|which|are|due|to|be|repaid|as|follows:|2023|2022|
|£|£|
|Amounts|payable:|
|In|one|year|or|less|or on|demand|33,276|42,051|
|In|more|than|one|year|but|no|more|than|two|years|40,079|28,919|
|In|more|than|two|years|but|not|more|than|five|years|40,799|37,960|
|Over|five years|and|payable|by|instalments|5,187|34,604|
|119,341|143,534|
|21.|Leases|
|Finance|leases|
|Finance|leases|primarily|relate|to|the|purchase|of|kitchen|equipment.|
|Total|future|minimum|lease|payments|are|as|follows:|2023|2022|
|£|£|
|Not|later than|one year|7,519|7,483|
|Later than|one and|not|later|than|five|years|10,545|15,540|
|18,064|23,023|
|Assets|other than|
|land and|buildings|
|At|31|July|2023|the|charity|had|future|total|commitments|under|2023|2022|
|non-cancellable|operating|leases|as|follows:|£|£|
|Within|one|year|23,694|20,073|
|Between|two|and|five|years|29,618|45,928|
|53,312|66,001|
----- End of picture text -----
OO BA] Page
BLACKBURNE HOUSE
Notes to the Financial Statements [continued]
Year ended 31 July 2023
| 22. | Endowmentfunds | As at | Transfer | As at | ||
|---|---|---|---|---|---|---|
| 1August | between | 31 July | ||||
| 2022 | Income = Expenditure | funds | 2023 | |||
| £ | £ | £ | £ | £ | ||
| Permanent endowments: | ||||||
| Propertyfund | 2,676,704 | - | {38,057) | - | 2,638,647 | |
| Comparative information in respect ofthe preceding | period is as follows: | |||||
| As at | Transfer | As at | ||||
| 1August | between | 31July | ||||
| 2021 | Income | Expenditure | funds | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Permanent endowments: | ||||||
| Propertyfund | 2,714,761 | - | {38,057} | - | 2,676,704 | |
| 23. | Restricted funds | As at | Transfer | Asat | ||
| 1August | between | 31July | ||||
| 2022 | Income | Expenditure | funds | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Liverpool CityCouncil Nursery capital | 1,154 | - | (663) | - | 491 | |
| Liverpool City Region - Single | ||||||
| Investment Fund (Capital Investment) | 2,211,678 | - | (22,874) | - | 2,188,804 | |
| People’s Postcode Lottery | - | 27,083 | (27,083) | - | - | |
| Liverpool City Council - Public Health | ||||||
| DomesticAbuse | - | 8,449 | (8,449) | - | - | |
| Liverpool City Council - Clinically | ||||||
| ExtremelyVulnerable People | - | 64,571 | (64,571) | . | - | |
| BIG Issue InvestSESF | - | 40,917 | (40,917) | - | - | |
| The National Garden Scheme | - | 1,118 | (1,118) | - | - | |
| 2,212,832 | 142,138 | (165,675) | - | 2,189,295 | ||
| Comparative information in respect ofthe preceding | period is as follows: | |||||
| Restricted funds | As at | Transfer | As at | |||
| 1August | between | 31July | ||||
| 2021 | income | Expenditure | funds | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Liverpool CityCouncil Nursery capital | 1,817 | - | (663) | - | 1,154 | |
| Liverpool City Region - Single | ||||||
| Investment Fund (Capital Investment) | 2,234,552 | - | (22,874) | - | 2,211,678 | |
| People’s Postcode Lottery | - | 22,917 | (22,917) | - | - | |
| Liverpool CityCouncil - Public Health | ||||||
| DomesticAbuse | - | 16,898 | (16,898) | - | - | |
| Liverpool City Council - Clinically | ||||||
| Extremely Vulnerable People | - | 32,286 | (32,286) | - | - | |
| 2,236,369 | 72,101 | (95,638) | - | 2,212,832 | ||
| _ | ||||||
| 35 |
_
BLACKBURNE HOUSE
Notes to the Financial Statements [continued] Year ended 31 July 2023
| 24. | Unrestricted funds | As at | Transfer | As at | ||
|---|---|---|---|---|---|---|
| 1August | between | 31July | ||||
| 2022 | Income | Expenditure | funds | 2023 | ||
| £ | £ | £ | £ | £ | ||
| General fund | (506,233) | 1,265,302 | (1,276,272) | - | (517,203) | |
| Comparative information in respect ofthe preceding | period is as follows: | |||||
| As at | Transfer | As at | ||||
| 1August | between | 31July | ||||
| 2021 | Income | Expenditure | funds | 2022 | ||
| £ | £ | £ | £ | £ | ||
| General fund | (407,341) | 1,083,432 | (1,182,324) | - | (506,233) | |
| 25. | Analysis ofnetassets betweenfunds | Tangible | Net | Creditors | ||
| fixed | current | due after | ||||
| assets | liabilities | oneyear | Total | |||
| £ | £ | £ | £ | |||
| Endowmentfund | 2,638,647 | - | - | 2,638,647 | ||
| Restricted fund | 2,189,295 | - | - | 2,189,295 | ||
| Unrestricted funds | 59,228 | (95,391) | (481,040) | (517,203) | ||
| 4,887,170 | (95,391) | (481,040) | 4,346,655 | |||
| Comparative information in respect ofthe preceding | period is asfollows: | |||||
| Tangible | Net | Creditors | ||||
| fixed | current | due after | ||||
| assets | liabilities | oneyear | Total | |||
| £ | £ | £ | £ | |||
| Endowment fund | 2,676,704 | - | - | 2,676,704 | ||
| Restricted fund | 2,212,832 | - | - | 2,212,832 | ||
| Unrestricted funds | 78,788 | (467,998) | (117,023) | (506,233) | ||
| 4,968,324 | (467,998) | (117,023) | 4,383,303 |
) SSS == 36|Pa ge
Notes to the Financial Statements [continued] Year ended 31 July 2023
BLACKBURNE HOUSE
26. Related party transactions
Blackburne House is related to Women’s Technology Training Limited by virtue of common directors and influence. Both these charities operate from the same Registered Office. During the year Blackburne House charged Women’s Technology Limited £142,372 for rent and services (2022 £8,437), £Nil for childcare and related project costs (2022 £14,655) and £372,942 for other administration and project costs (2022 £66,999). During the year Women’s Technology Training Limited charged Blackburne House £34,656 (2022 £85,806) for management and administration costs and was refunded £5,916 (2022 ENil) in relation to overstated childcare costs.
The above exclude VAT on vatable items.
At the year-end Blackburne House owed Women’s Technology Training Limited £384,431 (2023 £294,788). On 31 July 2023 the trustees entered into a formal agreement to repay the loan in equal monthly instalments.
27. Pension scheme contributions
The charity operates a defined contributions pension scheme for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions paid by the charity to the defined contribution scheme which amounted to £18,057 (2022 £14,691).
| 28. | Deferred income | Under 1 year | 2023 | 2022 |
|---|---|---|---|---|
| £ | £ | £ | ||
| At 1 August 2022 | 110,256 | 110,256 | 14,268 | |
| Additions Amounts released to income |
1,885 (110,256) |
1,885 (110,256) |
110,256 (14,268) |
|
| At31July2023 | 1,885 | 1,885 | 110,256 |
Income has been deferred when it is received in advance of the period to which it relates or where performance of the activities to which it relates have not yet been undertaken.
- Company limited by guarantee
The company is limited by guarantee and has no share capital.
On winding up of the company each member will contribute £1.
- Capital commitments
There are no capital commitments as at 31st July 2023 (2022 £Nil).
37]Page
BLACKBURNE HOUSE
Notes to the Financial Statements [continued] Year ended 31 July 2023
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|31.|Reconciliation|of net|(expenditure) to|net|cash|flow|from|2023|2022|
|operating|activities|£|£|
|Net|(expenditure}/income|for the|year|(72,564)|(160,486)|
|Interest|receivable|(1)|(1)|
|Interest|payable|8,487|8,245|
|Depreciation|of tangible|fixed|assets|84,682|70,877|
|Decrease|in|stock|87|916|
|(Increase)|in|debtors|(4,583)|(10,643)|
|(Decrease)/increase|in|creditors|(38,874)|119,674|
|Net|cash|flow from|operating|activities|(22,766)|28,582|
|Cash|and|cash|equivalent|consists|of:|/|)|
|Cash|at|bank|29,029|88,970|
|Cash|in|hand|4,016|8,007|
|33,045|96,977|
|32.|Analysis|of changes|in|net|debt|Balance|at|Balance|at|
|1st August|Non-cash|31st July|
|2022|Cashflows|Changes|2023|
|£|£|£|£|
|Long term|borrowings|(101,483)|-|15,419|(86,064)|
|Short term|borrowings|(42,051)|24,193|(15,419)|(33,277)|
|Obligations|under|finance|leases|(23,023)|4,959|-|(18,064)|
|Total|liabilities|(166,557)|29,152|-|(137,405)|
|Cash|and|cash|equivalent|96,977|(63,932)|-|33,045|
|Total|net debt|(69,580)|(34,780)|-|(104,360)|
----- End of picture text -----
OO Bn 8B
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