**Charity registration number: 1027771**
## Blandford Opportunity Group
**Annual Report and Financial Statements for the Year Ended 31 August 2022**
## **Blandford Opportunity Group**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
## **Blandford Opportunity Group**
||**Reference and Administrative Details**|
|---|---|
|**Trustees**|C R Stevens (Chair)|
||Mrs S E Kevern|
||Mrs N Roper (Secretary)|
||S Hitchings|
||R B Henley|
|**Charity Registration Number**|1027771|
|**Auditor**|Scott Vevers Ltd|
||Chartered Accountants|
||and Registered Auditors|
||65 East Street|
||Bridport|
||Dorset|
||DT6 3LB|
|**Bankers**|HSBC Plc|
||17 Market Place|
||Blandford Forum|
||Dorset|
||DT11 7AG|
|**Principal Office**|Williams Opportunity Hall|
||White Cliff Gardens|
||Blandford Forum|
||Dorset|
||DT11 7BU|
Page 1
## **Blandford Opportunity Group**
## **Trustees' Report**
The Trustees present their report and the financial statements for the year ended 31 August 2022. The Trustees who served during the year and up to the date of this report are set out on Page 1.
## **Structure, governance and management**
The activities of the Charity are monitored by the Trustees who all act in a voluntary capacity. The Trustees follow the principles of governance and control advocated by the Charity Commission. Formal meetings and discussions are held on a regular basis.
## **Objectives and activities**
## _Activities_
Blandford Opportunity Group is a pre-school playgroup for all babies and children (0-5 years) with special needs and disabilities. We opened in January 1992 and are recognised in the local area for the excellent service we provide for the children, their parents and carers. We support all children, some on a one-to-one basis, with highly trained staff who are able to work with children with complex needs. We provide nine sessions each week (term time only). By encouragement and support we build on the confidence of each child to achieve their own individual goals within a happy and relaxed atmosphere.
In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee charging.
## _Results_
The incoming resources for the year amounted to £222,158 (2021 - £142,752) all of which will be used in providing care including maintaining the Group premises.
## _Strategy_
The Group seeks to raise funds to provide day care for all pre-school children specialising in children with special needs and disabilities.
## _Donations_
The Trustees have divided the donations to the Group into Restricted and Unrestricted Funds. Restricted Funds are donations that have a single purpose use; as requested by the individual donors to the Group or by the Trustees in writing for projects (eg wages, building renovation, equipment). These donations can only be spent on the requested use but can be carried forward into the next financial year if the project has not been completed. Unrestricted Funds are to be used for any purpose covered by the Group's strategy as set out above. The Trustees may use these funds without limitations and may transfer money from the Restricted Funds or to Reserves as and when necessary. A specific legacy from Heather Bracewell Deceased of £110,790 received during the year, whilst part of the Unrestricted Funds of the Charity, are designated for use on capital projects, rather than on day to day running expenses.
## _Reserves Policy_
Funds are held to meet the projected costs of the Group for a period of six to nine months, together with the costs of winding up the Group. The actual amount of the provision is reviewed each Committee Meeting in light of existing circumstances. The degree of uncertainty over public funding, and a reduction in private funding available, reflecting the current economic situation, means the excess of funds over those required by the Policy will be allowed to carry forward and for the time being is not considered excessive.
Page 2
## **Blandford Opportunity Group**
## **Trustees' Report (continued)**
## _Investment Policy_
The Charity funds activities on a regular basis and, as such, is not involved with investment activities. Reserves are invested in interest bearing accounts to provide maximum income but with short term access.
## _Risk Review_
The Trustees have conducted their own review of the major risks to which the Charity is exposed and systems have been established to mitigate these risks. These procedures are reviewed annually to ensure they still meet the needs of the Charity.
## _The Present_
The development of a room within the main hall to provide space for young children, continues to be furnished with new play and learning equipment. This has now better enabled the Group to take children from 0 to 5 years of age, thereby providing our community with much needed extra capacity.
The garden extension has now been completed and the group have been utilising it.
## _The Future_
Having obtained a secure base for the Group the Trustees are now continuing to apply for grants to improve the facilities but more importantly to obtain core funding to help cover the ever-increasing running costs.
## **Statement of Trustees' responsibilities**
The Trustees 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).
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.
Page 3
## **Blandford Opportunity Group**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 27 July 2023 and signed on its behalf by:
## **C R Stevens (Chair) Trustee**
Page 4
## **Blandford Opportunity Group**
## **Independent Examiner's Report to the trustees of Blandford Opportunity Group**
I report to the trustees on my examination of the accounts of Blandford Opportunity Group for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity trustees of Blandford Opportunity Group you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Blandford Opportunity Group's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Blandford Opportunity Group as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Mr M J Cridland B.A. (Hons) F.C.A. Scott Vevers Ltd Chartered Accountants and Registered Auditors 65 East Street Bridport Dorset DT6 3LB**
**27 July 2023**
Page 5
## **Blandford Opportunity Group**
## **Statement of Financial Activities for the Year Ended 31 August 2022**
|**Note**
**Incoming resources**
Donations and grants
Other trading activities
Investment income
3
Total Income
**Expenditure on:**
Charitable activities
Other expenditure
Total Expenditure
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
6
**Note**
**Incoming resources**
Donations and grants
Other trading activities
Investment income
3
Total Income
**Expenditure on:**
Charitable activities
Other expenditure
Total Expenditure
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
6|**Unrestricted**
**£**
221,864
260
34
222,158
(18,719)
(113,611)
(132,330)
89,828
172,769
262,597
**Unrestricted**
**£**
142,257
484
11
142,752
(21,551)
(104,426)
(125,977)
16,775
155,995
172,770|**Total**
**2022**
**£**
221,864
260
34|
|---|---|---|
|||222,158|
|||(18,719)
(113,611)|
|||(132,330)|
|||89,828
172,769|
|||262,597|
|||**Total**
**2021**
**£**
142,257
484
11|
|||142,752|
|||(21,551)
(104,426)|
|||(125,977)|
|||16,775
155,995|
|||172,770|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 6.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
## **Blandford Opportunity Group**
## **(Registration number: 1027771) Balance Sheet as at 31 August 2022**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Cash at bank and in hand
4
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
5
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
6|**2022**
**£**
89,309
210,742
300,051
(37,454)
262,597
262,597
262,597|**2021**
**£**
87,764
122,461|
|---|---|---|
|||210,225
(37,455)|
|||172,770|
|||172,770|
|||172,770|
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 27 July 2023 and signed on their behalf by:
**C R Stevens (Chair) Trustee**
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Blandford Opportunity Group meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Investment income**_
Interest is recognised once it has been credited to the bank account.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 8
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Fixtures, fittings and equipment
**Depreciation method and rate** 25% straight line basis
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 9
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **2 Income from donations and legacies**
|Donations and grants
Other donations
Donations over £250.00
Grants, including capital grants;
Grants from Dorset County Council
**3**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**General**
**£**
1,094
120,075
99,702
220,871
**Unrestricted**
**funds**
**General**
**£**
34|**Total**
**2022**
**£**
1,094
120,075
99,702
220,871
**Total**
**2022**
**£**
34|**Total**
**2021**
**£**
1,369
26,343
113,398|
|---|---|---|---|
||||141,110|
||||**Total**
**2021**
**£**
11|
Page 10
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **4 Cash and cash equivalents**
|**4**
**Cash and cash equivalents**|||
|---|---|---|
|Cash at bank
**5**
**Creditors: amounts falling due after one year**|**2022**
**£**
100,742|**2021**
**£**
122,461|
||||
|**5**
**Creditors: amounts falling due after one year**|||
|---|---|---|
|Other loans
Other creditors|**2022**
**£**
36,000
1,454
37,454|**2021**
**£**
36,000
1,455|
|||37,455|
Page 11
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **6 Funds**
|**Unrestricted funds**
General|**Balance at 1**
**September**
**2021**
**£**
172,769|**Incoming**
**resources**
**£**
222,158|**Resources**
**expended**
**£**
(132,330)|**Balance at 31**
**August 2022**
**£**
262,597|
|---|---|---|---|---|
## **7 Analysis of net assets between funds**
|**7**
**Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Current assets
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
89,309
100,742
(37,454)
152,597
**Unrestricted**
**funds**
**General**
**£**
87,764
122,461
(37,455)
172,770|**Total funds at**
**31 August**
**2022**
**£**
89,309
100,742
(37,454)|
|||152,597|
|||**Total funds at**
**31 August**
**2021**
**£**
87,764
122,461
(37,455)|
|||172,770|
## **8 Analysis of governance and support costs**
## **Governance costs**
|Accountants fees
Fees paid to accountants
Depreciation, amortisation and other similar costs
Other governance costs|**Unrestricted**
**General**
**£**
1,008
2,274
1,314
4,596|**Total**
**2022**
**£**
1,008
2,274
1,314
4,596|**Total**
**2021**
**£**
720
1,325
574|
|---|---|---|---|
||||2,619|
Page 12
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
During the year Mrs S E Kevern and Mrs N Roper acted as Trustee's for the Charity on a voluntary basis, however they also acted as manager and administrator respectively for which they received a combined gross salary of £29,067 (2020 £29,555) for the duties undertaken for the Group.
Page 13
## **Blandford Opportunity Group**
## **Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)**
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 September 2021
Additions
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for the year
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**12 Staff costs**
The aggregate payroll costs were as follows:
**Staff costs during the year were:**
Wages and salaries
Other staff costs|**Land and**
**buildings**
**£**
84,969
-||**Furniture and**
**equipment**
**£**
25,933
3,819
29,752
23,138
2,274
25,412
4,340
2,795
**2022**
**£**
113,379
232
113,611||**Total**
**£**
110,902
3,819
114,721
23,138
2,274
25,412
89,309
87,764
**2021**
**£**
103,576
850|
||84,969||29,752|||
||-
-||23,138
2,274|||
||-||25,412|||
||84,969||4,340|||
||84,969||2,795|||
||||**2022**
**£**
113,379
232
113,611|||
||||||104,426|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2022**||**2021**||
|---|---|---|---|---|
||**No**||**No**||
|Staff numbers||12||11|
No employee received emoluments of more than £60,000 during the year
Page 14