Registered number: 03179785
Charity number: 1054129
We Are Beams
(A Gompany limited by guarantee)
Trustees, report and flnancial statements
For the year ended 31 March 2024

We Are Beams
(A company limited by gua￿￿tea1
Contents
Page
Refèrenc• and admlnlstratlve detalls of the Chartty. Its Trustees and advlsers
Trustees. report
Independént auditorfs report on the financial sL1tements
Consolidated statement of flnanclal activlties
10-14
15
Consolldated balance sheet
16
Charlty balance sheet
Consolidatèd statement of cash flows
17
18
Notes to the flnanclal statements
19-39

We Are Beams
(A company Ilmited by guarantee)
Reference and administrative details of the Charity. its Trusteos and advisers
For the year ended 31 March 2024
Trustees
Mrs R Neale. Vice Chair
Mr A J Garrett. Treasurer
Mr N H Johnston
Mr J H Jarvis, Chair
Mrs T Cox
Mr D J Mote {resigned 18 January 2024)
Mr A Thorne (resLqned 15 June 2023)
Mrs J Challis
Mrs S Crocker
Mrs J Wells (appointed 4 May 2024)
Mr M Walker (appointed 20 June 2024)
Mx M Clinch (appointed 29 August 2024)
Company roglsterad
number
03179785
Charity reglstered
number
1054129
Reglstered office
Allsworth Court
40 St David's Road
Hextable
Kent
8R8 7RJ
Company secretary
Mrs K Adams
Head of Charity
Mrs K Adams
Independent audltor
Kreston Reeves LLP
Chartered Accountants
statutory Audrtor
Mcntague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Page 1

We Are Bearns
(A company Ilmlted by guarantee)
Trustees, report
For the year ended 31 March 2024
The Twstees present their annual report togelher with the audited financial statements of the group for theyear
énded 31 March 2024. The Trustees confimi that the annual report and financial statemenls of the Charity
comply with the currenl statutory requirements, the requirements of the charity's governing document and
the provisions of the Statement of Recommended PractlC8 (SORP), applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective October 2019). The annual report seNes the purposes of both a Trustee report and a Directors
report under company law.
Since the company qualifies as small under section 382 ofthe Companies Act 2006, the strategic report required
of medium and large companiès under the Companies Act 20Q6 (strategic Repcrt and Directorfs Report)
Regulations 2013 is not required.
Objectlves and actlvltl•$
a. Pollcles and objective8
Our vision is that Beams will be a leader In transfomilng the Ilves of disabled children and young people and their
families, enabling greater independence and control of their lives and futures, setting a path for others to follow.
Values that underpin the work of Beams are:
Service Excellence
Parent driven
People focused
Responsive to needs
Promoting an inclusive agenda
Cllent involvement In the development of seNic88
Regular and systematic monitoring and evaluation
Increasing social awareness of disability
Collaborative working
Our Aims
We aim to provida comprehensive support services and related projects that directly benefit and assisl families
dealing with the challenges of raisTng a disabled child. Beams supports families of children with any form of
physical, leaming or sensory impairment living primarily in the Dartford, Gravesham or Sevenoaks area.
The charity did nct make any changes to its mlssion or core aims during Ihe year, and in reviewing its business
Objectives and activities was very mindful of the need to maintain as besl as possible our current services and
activilies. The financial climate and uncertainty has given cause for alarm across all sectors and Ihe Truslees
recognised that caution will continue to offer a far more strategic approach in achieving the ongoing sustainability
and vibrancy of the charity into the fulure.
Page 2

We Are Beams
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Objectives and activities (contlnuedl
b. Strategies for achieving objectives
Strategic Objectives
1. To provide the whole family with a bespL*e menu of advi￿. information. support. leisure and education
senfices including:
Family Advice Serwce
Short Break Activity Servi
Dragons Retreat Short Break Unit
Support services for Kent families in receipt of Direct Pa5fjnents for disabled child and young people through
Direct Payment Service
Support Brokeiage sen11￿ providing families and young people with additional opportunities .to direct their
lives and futures
Payroll service for families ernploying their own slaff
To provide and develop in partnership with other organisations or statutory bodies a range of inc5usive and
specialist services that meet the needs of all disabled children & young people and their families
2. To ensure that marketing and fundraising activty effectively delivers income and raises our profile
including:
a focus on donor acquisition and m4or donor income
building our profile
developing supporter relationships
to promote. marke( raise aNareness and secure a range of funding streams in order to ensure the future of
Beams
3. To rvrfiew the structure of Beams in order to minimise risk and maximi5e opportunittes
4. To attain the Trusted Charity qualty mark arKI continue to maintain qualty assured services in all areas of
Beams
5. To develop and secure opportunities to rfwersify and generate sustainable income SoUr￿S using our
existing services and products whilst maintaining our values.
6. To continue to invest in the professional develowient of all staff, with a continued focus on leadership and
management skills.
7. To meet the ongoing and future needs of the charity to secure ownership of a property that will meet the
needs of Beams for the near future.
In setting objectives and planning for activities the Trustees have given due consideration to guidance from the
Charity Commission relaling to public benefft. The charity substantially relies on grants and contracts with local
authorities and to a lesser extent fees and charges to cover its operating costs. In setting the level of fees,
charges and cOn￿sSiOns, the trustees consider the accessibility of its adivities for those on low incomes.
Page 3

We Are Beams
IA company Ilmlted by guarantee)
Trustees, r•port (continued)
For the year ended 31 March 2024
Objectives and activities (continued)
c. Main actlvltles undertaken to further the charlty's purposes for the public benefit and achieve
objectives
Family Advice Servtce
The Family Advice Service is the principal frontline Servi￿ for our membership. The service continues to offer
support to families a¢ioss a wide lange of issues that affect a family with a disabled child.
The effect of dealing with the wide range of issues and providing ad￿ll￿, guidance and support is what the
Family Advice SeNlce is all about. It remains that much of the wort( is led by the needs of famili?s who ai8
dealing with despair, battles, depression and exhaustion. The Family Advi￿ team has continued their work with
all families thal contact us. Face lo face, work has continued and a full range of opportunities has been used.
Our weekly advice clinics have continued in each area, alongside support via telephone and the use of Video
conferencing. ensuring parents could acce8s 1 to 1 attention. Support Group meetings and Cygnet Training
courses have been running and in excess of 3000 contacts were recerrfed by the service during the year.
Key activities include:
A telephone helplinè and drop-ln center.
Educational Advice
Weekly Advice Clinlcs
Monthly Support Group5 in each area
Delivering ADHD Parent Training.
Dellvery of the Cygnet parenting Programme
Partnership working including:
Early Help
Homestart
Fathers Club
ADHD Pathway
For us too
Include5 Us 2
spa￿2beme
KENT Pact
Short Break Servlces
The Short Break Services 5UPPOrt disabled children and young people and their families. The principle work of
the Servi￿ is to enablè disabled children to have enjoyable experiences, which help them become more
Independent and form friendships outside the farTNly. We also support families by providing respite services,
offering events, and Day trips that the family can attend together.
Our normal programme of Short Breaks ran during the year. It was a great delight to see how happy the children
were lo be able to attend.
Playschemes operated in all school holidays and a range of event, activtties and outings were arranged.
Page 4

We Are Beams
(A company lirnited by guarantee)
Trustees. report (Contlnued)
For the year ended 31 March 2024
Objectives and actlvltles (continued)
Residential
Dragons Retreat short break unit continued to operate. During the year, we were able to increase occupancy.
Young people attending enjoy planned activities and days out as well as working towards targets to increase
their levels of independen￿.
Parents benefrt from much needed respite from their caring roles.
Direct Payment Service
Th8 Direct PasTnent Team have now completed the Year 5 of the original contract which was an agreed
exiension. We have now negotiated a further extension to make Year 6.
Direct Payments offer a different way of arranging social care services for disabled children and young people
and their families. Above all else, Direct Payments offers families and the child..
More control over how, when and where support services are arrang8d and:
Greater flexibilily over how, when and where support services are arranged
The Beams Direct Payment Service currently support parents of over 1220 young peopl8 across Kent so that
they can take control of their disabled child or young person has assessed Care and Support needs. The Beams
Direct Payment SeNice helps parents to understand the responsibilities of receiving Direct Payment money, and
how to use this correctly. Each family is allocated lo a dediGated Beams Direct Payment Cas8 Worker for
continuity. and we know the parents trust U5 to work with them.
Fundraising & Marketing
The Fundraising Team headed by Carolin8 Brinkman - has continued its outstanding work to highlight how We
Are Beams is perceived in the local community and with local businesses. The team have held a number of
events and challenges during the year highlighting the work of Beams and the impact it has on families. They
have also been successful with a range of grants. Income generated by the fundraising team was over £624.000.
Volunteers
We are Beams, main activitTe5 are assisted by a small number of volunteers working within the different
departments. They help with the supporl groups, assist in the main office, supporting the Admin teams including
managing the library. Their role also extends to helping wilh social events, activity groups and fundraising events.
They are supported and supervised by the respective department heads and receive training where appropriate.
Thair contribution to the We are Beams is vital to Ihe charity's continued suGGess at all levels.
Page 5

We Are Beams
(A company Ilmlted by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Achlevement5 and performance
a. Key fjnancial performance indicators
The Charitable seclor continues to experience uncertainty regarding funding.
The Trustees together with the Managem8nt team have continued to be proactive in their planning and service
delivery alongside a robus1 approach to fundraising and procurement.
In this reporting year the charity had a net accounting deficit of £S7,285 (2023: £103,306) which was in line with
expected perfomiance.
Total Income for the year £2,125,066 (2023: £2,027,694).
Expenditure foT the year was £2.169,459 (2023: £2.131.000).
b. Investment policy and performance
The Charity ReseNes policy states..
'The charity has a commitment to transform the lives of disabled children and young people and their families.
To ensure that this commitment to families continues to be met, it is Ihe trustees, policy that th8 balanc8 of
general funds should be maintained at six months. unrestricted expenditure. This policy is based on pasl
experience and is reviewed annually by the trustees.
Steps needed to establish or maintain reserves at the agreed level:
the Finan￿ Manager and Head of Charitywill together plan a reseNe budget amount
the reserves budget amount will then be discussed at the full board meeting when annual budgets for the
whole organisation are discussed in March of each year. Budgets to be agreed and then sent to the full
Board Meeting for final approval.
The arrangements for monitoring and reviewing the policy:
the policy will be reviewed every year.,
Cash reserves al Ihe end of the year. after ramoving client funds, total £498.270. The charity aims to hold
sufficient funds to continue operating for a short pèriod with no incom8 from major funding sources. The
unr8Stricted balan￿ represents 5 months operating costs (without commissioned services).
The Charity operates a range of services that ensure that there is a 3 months, notice for the cessation of
contract8d or commissioned work. The Trustees have with the senlor management team agr&8d that this 3-
month period will be used lo wind up the service to finish work on these at the end of the notice period.
In looking at the reserves level, the Trustees base the required levels on the potential winding up of the Charity
after services have ceased. This figure is therefor8 considerably lower than 6 months full operating expenditure.
As in pr8vious years, the charity continues to hold a proportion of funds in the Charities Deposit Fund {COIF), an
account whose pooled assets are deposited in rigorously selected financial institutions approved by the COIF
Irustees. For each counterparty, there are agreed individual deposit limits. thus ensuring a wide spread across a
range of institutions, the credit status of each being monitored on a daily basis. Currently the COIF Fund's own
creditworthiness stalus is AIIA. thus reflecting its high credit quality and low risk. This is in line with the Trustee's
policy of safeguarding funds from financial risk.
Page 6

We Are Beam5
IA company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Flnanclal rèvl•w
. Going concern
After maklng approprfate enquiries. the trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the near future. For this reason, they continue to adopt the
going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the Accounting policies.
b. Principal fundlng
Commissioned work for Kent County Council and other local authortties provides a significant level of income to
the charty, however we continue to analyse the tenders for services and will only bid for those that ensure
adequale funding for the level of service the children and fafftilie5 desep4e to have provided for them. The charity
continues to seek income from other sources.
The charity has 3 other main incomé genèrating sérvitss wlth Dragons Retreat, Beams Payroll Service and the
Brokerage support serviGe
Structure, govémanca and management
Con5titutlon
The company is registered a8 a charitable company limited by guarantee and VRS set up by a Memorandum of
Association on 22 March 1996.
Th8 company 19 constituted under a MemorarKlum of Assoa*ion dated 22 March 1996 and is a registèred
charity number 1054129.
The principal object of the company is to provide comprèhensive support seNices and related projects that
directly benefit and assist families dealing with the challenges of raising a disabled child, Bearns supports
families of children wilh any form of physical, learning or sensory impairmènt living primarily in the Dartford,
Gravesham or Sevenoaks area
b. Methods of appointhient or electlon of Trustees
The management of the Group and the Charity is the responsibility of the Trustegs who are elected and co-opted
under the terms of the Memorandum of Association.
c. Policles adopted for the Inductton and tralnlng of Trustees
The majority of Trustees, being parents of disabled children and users of our services, already have a good
understanding of the charity's work and the needs of our members and their children. An introduction and
welcome pack has been developed which includes Charity Commission pamphlets and guidance, and all new
Trustees receive copies of the 'Good Trustees Guide,. New Trustees have th8 benefit of 'support through
mentoring prograTnme' from one of the existirs trustees A skills audit questionnaire is in place to detemine th8
training and development needs of all new Trustees. Additionalty, board members can avail themselves of
external training course relevant to their roles as required and agreed.
Trustees hold an Annual review session to look at their work against the CcKJe of Governance and generate an
aclion plan for improvement and implementation.
Page 7

We Are Beams
(A company Ilmited by guarante•)
Trustees. report (continued
For the year ended 31 March 2024
Structure¥ govemance and management (contlnued)
d. Pay pollcy for senlor staff
The Trustees are mindful of the guidan￿ of the NCVO and the Charity Commission in setting Pay grades for all
staff. The Charity currentty has a Pay structure and grading system based on an evaluation of each job
description. There is a Pay Policy in place.
e. Organlsational structure and decision4naking
The Council of Management is responsible to members and other interested partie5 for the overall Govemance
of the charity. As Ihe charity is both a cornpany limtted by guarantee and a registered charity. members of the
Council of Management are both Directors and Chaity Trustees. They seek lo ensure that the charily operates
to fulfil the objectives set out in the Memorandum and in the Articles of Association and that due attenlion is paid
to charty law and other relavant leglslation.
The role of the Council of Management is to 8Stablish the strategic direction of the charity, to provide leadership,
and to ensure that charitable funds are properly utilised and safeguarded.
The day-to-day operational management Df the charity is delegated to Ihe Head of Charty and through her to the
staff team. Thè Ccuncil of Management however. retains formal responsibility for all policies, decisions and
actions of the Charity.
The Council of Management rthi meets 8 times per year with additional sub groups operating a8 required. In
addition, the Council of Management held 2 Strategy meettngs and a Governance Code Review day.
Beams Payroll SeNIc•8 LimSt•d
During the year the Trustees along wilh advice from the Auditors ineorporated Bearns Payroll se￿ices Limited
as a separate Limited company which is wholly owned by We are Beams. This enables all trading activities to be
undertaken completely seperalely lo the mabn charstibla activities, and all available profrts to be distributed undar
gift aid to the parent charity.
Informatlon on fundralsing practices
Fundraising undertaken by the Charity is under the management of the Income Generation and Development
Lead who is a member of the management team.
Fundraising activities are monitored by the Head of Charity alongside scrutiny from the Council of Management.
No complaints about fundraising activities have been received.
f. Risk management
The Trustees have assessed the major risks to which the company 18 exposed. in particular, those related to the
operalions and finances of the company. and are satisfied that systems and procedures are in place to mitigate
our 8xposure to the major risks.
Plans for future periods
a. Future dovelopments
The Head of Charity has continued to look al opportunities to develop the Short Breaks Service to offer Resplte
Services spectfically for 18-25 year olds. An evidence of need study has been completed. Premises in a suitable
location are being researched in discussion with KCC and property development companies.
Page 8

We Are Beams
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2024
Plans for future perlods {contlnued)
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charty for the purposes of company law) are responsible for
preparing the Trustees, reFX)rt and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom General￿ Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financTal year. Under company law,
the Trustees must not approve the financial statements unless they are salisfied that they give a true and fair
view of the state of affairs of the Group and the Charity and of their incoming resources and application of
resources, including Iheir income and expenditure. for that period. In preparin9 these financial statements, the
Trustees are required to:
select suitable accounting p0￿cleS and then apply them consi8tenttr.
observe the methods and principles of the Charilies SORP {FRS 102);
make judgements and accounting estimates thal ale reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material
departures disclosed and explained in the fNancial statements"
prepare the financial stalements on the gclng concem basis unless it is inappropriate to presume that th8
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Group and the Charity's transactions and disclose wilh reasonable accuracy at any time the financial position
of the Group and the Charity and enable them to ensure that the financial statements comply wilh the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and
hence for taking reasonable steps for the prevention and detedion of fraud other irregularities.
Disclosure of infomiation to auditor
Each of the persons who are Trustees at the time when Ihis Trust8es' report is approved has confinned that:
so far as that Trustee is aware. thet8 is no relevant audit information of which the charitable group's
auditor is unaware, and
that Trustee has taken all the steps that oughl to have been taken as a Trustee in order to be aware of
any relevant audit infonnation and to establish that the charitable group's auditor is aware of that
infomiation.
Auditor
The auditor. Kreston Reeves LLP. has indicated his willingness to continue in Dffice. The designated Trustees
will propose a motion reapFM)inting the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
r Jason H Jarvls
Chair of Trustees
Dat8:
Page 9

We Are Beams
(A company limlted by guarantse)
Independent audltorfs report to the Members of We Are Beams
Opinion
We hav8 audited the financial statements of We Are Beams (the >arent charitable companv) and its
subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated statement of
financial activities, the Consolidated balan￿ shee( the Charity balance sheet, the Consolidated statement of
cash flows and the related notes. including a summary of significant accounling policias. 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 Ihe UK
and Republic of Ireland, (United Kingdom Geneiauy Accepted Accounting Pradice).
In our opinion the financiaI statements:
give a true and fair view of the state of the Group's arKI of the parent charitable companys affairs as at 31
March 2024 and of Ihe Group's 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 Generalty Accepted Accounting
Practice,. and
have been prepared in ￿cordanCe with the requirements of the Companies Act 2006 and the Charities
Act2011.
Basi5 for opinion
We conducted our audit rn accordance with Intemational Standards on Auditing (UK) {ISAs (UK)} and applicable
law. Our responsibiltties under those standards are further described in the Auditcrfs responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the fmancial statements in the United Kingdom. including thè
Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordance wilh these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for wr opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees. use of the going concem basis Df
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have not Klentified any material uncertainlies relating lo events or
conditions that. indivtdualjy or collectively. may cast significant doubt on the Group's or the parent charitable
CoMpan￿S ability lo continue as a going concem for a period of at least IWe￿e months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibllities of the Trustees with respect to going concem a￿ described in the
relevant sedions of this report.
Page 10

We Are Beams
{A company limited by guarantee)
Independent auditor's report to the Members of We Are Beams (continued)
other Infomiatlon
The other information comprises the infomation included in the Annual rq)ort other than the financial statements
and our Audilorfs report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial ststements does not cover the olher infomiation and, except to the
exlent otherwise explicttly stated in our report, we do not express any fonn of assurance conclusion thereon. Our
responsibility is to read the other infomiation and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtsined in the course of the audit, or
othewse appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to detetrnine whether this gNes rise to a material misstatement in the financial
statements themselves. If, based on the work we have perfonred, we conclude that there is a material
misslatement of this other inf<)rmation. we are Tequired to report that facL
We have nothing to report in Ihis regard.
Opinion 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 for the financial year for which the financial statsments are
prepared is consistent with the financial statements.
the Trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and undelstsnding of the chafftable company and its environment obtained in the
course of the audit. we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters n relation to which Companies Ad 2008 requires
US to report to you if. in our opinion:
the parent charitable company has not kept adequate and sufficient accounting records, or r8tums
adequate for our audit have not been received from branches not visited by us., or
the parent chariiable company financial slateTh£nts are ncl in agreement wilh the accounting records and
Tetums: or
certain disclosures of Trustees. remuneration spectfied by law are not made: or
we have not received all the infonnation and explanations we require for our audtt. or
the Trustees were not enlitjed lo prepare the financial ststements in accordance wth the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees, report and
from the requirement lo prepare a Strategic report.
Responsibilities of trustees
As explained more fully in the Trustees, responsib11 ities slatement. the Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a twe and fair view, and for such intemal control as the
Trustees determine is necessary to enable the preparalion 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 Group's and the parent
charitable companys ability to continue as a going concem, disclosing, as applicable, matters related tc going
concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitable company or to cease operations, or have no realistic allemative but to do so.
Page11

We Are Beams
IA company limited by guarantee)
Independent auditorfs report to the Members of We Are Beams (contlnued)
Auditorfs responsibilities for the audit of the financial statsments
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material mi55tatement, whether due to fraud or error, and to issue an Auditcrfs report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in
accordan￿ with ISAS (UK) wll a￿ayS detect a material misstalement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably b8
expected lo infiuence the economic decisKJns of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of nonwcompliance with laws and regulations. We design prO￿dureS
in line with our responsibiltties. 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:
Capability of the audit in detecting iffegularibes, inclu(fing If3ud
Based on our understanding of the Charity and the sector as a whole. and through discussion with the Trustees
and other management {as required by auditing standards). we identrfied that the principal risks of non-
compliance with laws and regulations related to Otsted compliance. and Safeguarding. We considered the extent
to which non-compliance might have a material effect on the financial Statements. We also considered those
laws and regulations that have a direct impact on the preparation of the financial statements such as the
Charities SORP, (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other
relevant charily legislation. We communicated identified la￿￿ and regulations throughout our team and remained
alert to any indications of non-compliance throughout Ihe audit. We evaluated Trustees. and managemenl's
incentives and opportunities for fraudulent manipulation of the financial 'statements (including the risk of override
of conlrols) and determined that the piincipal risks related to posting inappropriate joumal entries to increase
revenue or ￿duce expenditure. Audrt procedures performed by the engagement team included:
Discussions with management and assessment of known or suspected instances of non-compliance with
laws and regulations {including health and safety) and fraud; and
Assessment of idenlified fraud risk factors; and
Challenging assumption5 and judgements made by management in its significant accounting estimales; and
Performing analytical procedures to identfy any unusual or unexpected relationships, including related party
transactions, that may indicate risks of material misstatement due to fraud" and
Confirmation of related parties with management. and review of transactions throughout the period to identify
any previously undisclosed transactions V￿th related parties outside Ihe normal course of business., and
Reading minutes of meetings of those charged wrth govemance; and
Review of significant and unusual transactions; and
Identifying and testing joumal entries, in particular any manual entries made at the year end for financial
statement preparation.
Page 12

We Are Beams
(A Company limited by guarantee)
Independent audltorfs report to the Members of We Are Beams {continued)
As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain professional
scepticism throughout the audit. We also:
Identrfy and assess the risks of material misstatement of the financial statements. whether due to fraud or
error. design and perfom audit procedures responsNe to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstalement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an understanding of inlemal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectNeness
of the charitable companls intemal control.
Evaluate Ihe appropriateness of accountiryq policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustee&
Conclude on the appropriateness of the Trustees. use of the going con￿rn basis of accounting and,
based on the audit evidence oblained, whether a material uncertainty e￿sts related to events or conditions
that may cast signrficant doubt on the charitable companys abilty to continue as a going concern. If we
conclude that a material uncertainty exists. we are required to draw attention in my Auditoffs report to the
related disclosures in Ihe financial slatements or. rf such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit eviden￿ obtained up to the date of my Auditorfs report.
However. future events or Conditior￿ may cause the charitsble ccmpany to cease to continue as a going
concern.
Evaluate the overall presentation, slnjcture and content of the financial statements, including Ihe
disclosures, and whether financial statements rep￿sent the underlying transactions and events in a
manner that achieves fair presentalion.
obtain sufficient appropriate audit eviden￿ ￿gardIng the financial infomiation of the entities or business
activities within the Group to expre6s an opinion on the consolidated financial statements. We are
responsible for the direction. supervision and performance of the Group audit. We remain solely
responsible for our audit opinion.
We communicate with those charged wfth govemance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings. including any significant deficiencies in intemal control that we
identify during our audit.
Page 13

We Are Beams
(A company limlted by guarantee)
Independent auditor's report to the Members of We Are Beams (continued)
Use of our report
This report is made solely to the charitable companvs members. as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. and to the charitable companys trustees, a5 a body, Part 4 of the Charities
(Accounts and Report5) Regulations 2008. Our audii work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to Ihem in an Auditor's report and for no
other purpose. To the fullest extent permitted by law. we do not aC￿p1 or assume responsibility to anyone other
than the charilable company and its members, as a body. for our audr( work, for this report, or for the opinions
we have fornied.
Il.,k LL
Samantha Rouse FCCA DChA (Senior statutory auditor)
for and on behalf of
Kreston Reeves LLP
Chartered Accountants
Slatutory Auditor
Chatham Maritime
Date.. 8 November 2024
Page 14

We Are Beams
(A company limited by guarantee)
Consolldated Statement of financial activities (incorporating income and expenditure account)
For the year ended 31 Ma￿h 2024
Unrestricted
funds
2024
Restrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Other trading activtties
Investments
212,039
823,103
186,473
3.928
27.163
872,362
239,202
1.695,465
186,473
3,926
246.544
1,633.990
144.682
2,478
Total Income
1.225.541
899.525
2,125,066
2,027.694
Expenditure on:
Raising funds
Charitable activities
22,318
.250,495
22,318
2,147.14
896,646
2,131,000
Total expenditure
1,272.813
896.646
2,169,459
2,131,000
Net (expenditure)lincome before
taxation
Taxation
(47,272)
(22.892)
2,879
144.393)
{22.892)
(103,30S)
12
Net lexpendlture)Ilncome after
taxation
Transfers be￿een funds
{70.164}
18.605
2,879
(18,605)
{67,285)
(103,308)
18
Net movement In funds
(51,5591
(15.726)
{67,285)
{103,306)
Reconciliation of funds:
Total funds brought fO￿ard
Net movement in funds
381,675
(51,559)
255.981
(15.726)
637,656
(67,285}
740.982
(103,306)
Total funds carrled forward
330,116
240.255
670.371
637,656
Pag8 15

We Are Beatn5
(A company limited by guarantee)
Registered number: 03179785
Consolidated balance sheet
As at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
13
86.377
72.417
86.377
72.417
Current assets
Debtors
Cash at bank and in hand
15
22
142.901
2,530.919
102,846
2,342,274
2.673.820
2,445,120
Creditors: amounts falling due within one
year
16
(2,180.843)
(1,855,498)
Net current assets
492,977
589,622
Total assets less current liabilities
579A54
662,039
Creditors: amounts falling due after more
than one year
17
{8.983)
(24,383)
Total net assets
570.371
637,656
Charity funds
Restrtcted funds
Unrestricted funds
18
18
240,255
330.116
255.981
381.675
Total funds
570.371
637,656
The Trustees acknowledge theiT responsibilitie5 for complying with the requirements of the Act with respect to
accounting records and preparatton of financial statements.
The financial Statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr Jason
Jarvis
{Chair of Trus
ee
Date:
l-(Uwkn aJa
The notes on pages 19 to 39 fcffii part of these financial statements,
Page 16

We Are Beams
(A company limited by guarantee)
Reglstered number: 03179785
Charity balance sheet
As at 31 March 2024
2024
2023
Noté
Fixed asséts
Tangible assets
Investments
13
14
86,377
100
72,417
86,477
72,417
Current assets
Debtors
Cash at bank and in hand
15
155,478
2,181,216
102,846
2,342,274
2,336.694
2,445,120
Credilors: amounts falling due within one
year
16
{2,163,462)
(1,855,498)
Net current asset8
q73,232
589,822
Total assets less current liabilitleg
259.709
662,039
Creditors.. amounts falling due after more
than one year
17
{8,983)
(24,383)
Total net assets
2SO,726
837,656
Charlty funds
Restricled funds
Unrestricled funds
18
18
240,255
10,471
255,981
381.675
Total funds
250,726
637,656
The Charitls net movement in funds for the year was £(386,930) (2023 - £(103,306)).
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with re5pecl to
accounting records and preparation of financial statements.
The financial ststements hav8 been prepared in accordance with the provisions applicabl8 to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Tru8tees and signed on their behalf by..
Chair cf Truslees
Date..
l- (Uc)Jkna)&Lft
The notes on pages 19 to 39 form part of these financial statements.
Page 17

We Are Beams
(A company Ilmlted by guarantee)
Consolldated statement of cash flows
For the year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activiti&s
242.173
438,968
Cash flows from Investing activities
Dividends, interests and rents from investment5
Proceeds from the sal8 oftangible fixed assets
3,926
(42,054)
2,479
(40.056)
Net Ga5h used in investlng aGtlvities
(38,128)
(37,577}
Cash flows from flnanclng aetivltlas
Repayments of borrowing
(15,400)
(15,400)
Net cash used In flnanclng actlvltles
(15.400)
(15,400)
Change In cash and cash equlvalents In the year
Cash and cash equlvalents at the beginning ofthe year
188,645
385,991
2,342,274
1,956,283
Cash and cash equlvalènts at the ènd of tho year
2,530,919
2,342,274
Thé notes on page8 19 lo 39 fonn part of these financial 8tatem8nts
Page 18

We Are Beams
IA company Ilmlted by guarante&)
Notes to the financial statements
For the year ended 31 March 2024
General information
We Are Beams is a charity and company limited by guarantee incorporated in England. The company's
registered ofFice is Allsworth Court, 40 St David's Road, Hextable, Kent, BR8 7RJ. The principal activty cf
the company is tc provide comprehensive support services and projects thal will directly benefrt and assist
families raising a disabled child.
Accounting pollcles
2.1 Basis of preparation of financlal statements
The financial ststements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20D6.
We Are Beams meets the definition of a public benefil entty under FRS 102. Assets and liabilities are
initially recognised at historical cosl or transaction value unless olheMise st8ted in the relevant
accounting policy.
The Consolidated statement of financial activitias (SOFA) and Consolidated balance sheet
consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the
subsidiary ar8 consolidaled on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented its own Statement of financial activities in these financial statements.
2.2 Income
All incorne is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measur8d reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charity has sufficient evidence thal a gift has been left to
them (through knowledg8 of the existence of a valid will and the dealh of the benefactor) and the
executor is salisfied thal the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recogni5ed when it is prcbable that il will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
Charity, can be reliabty measured.
Grants are included in the Consolidated slatement of financial activities on a receivable basis. The
balance of income received for specific purposes bul not expended during the period is shown in the
relevant funds on the Ba18nce sheet. Where income is received in advance of entitlement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received. the inccme is accrued.
Where the donated good is a fixed assel. it is measured at fair value, unless it is impractical to
measure this reliably. in which case the Gost of tha item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordance with the Charity's
accounting Policies.
Page 19

We Aro Beams
(A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2024
Accountlng pollcles {contlnued)
2.2 Incom8 (contlnued}
On receipt, donated professional sèrvicès and facilities are recognised on the basis of the value of
the gift to the Charity which is the amount it would have been willing to pay to obtain seNices or
facilities of equivalent economic benefit cn the open market- a correspDnding amount is then
recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the tlme the Investment
income is receivable.
other Income is recognlsed In the period In whlch it Is receivable and to the extent the goods have
been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits wlll be requlrèd In settlement and
the amount of the obligation Gan be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the tctal of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned be￿een those activities on a basis consistent with
the usè of resources. Central staff costs ara allocated on the basis of time spent, and depreciation
charges allocated on the portlon of the asset's use.
Expenditurè on charitable activitiès Is incurred on directly undertaking the activities which further the
Group's objectives, as well 8s any associated support costs.
All expenditure is inclugive of irrecoverable VAT.
2A Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by Ihe Company; this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Taxatlon
The Charity is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meel5 the definition of a charitable company for UK corporation tax purposes.
Accordingly, thè Charity is potentially exempt from tsxation 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 Taxalion of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable Purposes.
Page 20

We Are Beams
(A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2024
Accounting policie5 Icontinued>
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or MO￿ are ¢aprta￿Sed and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. Afler recognition, under the cost model, tangible
ftxed assets are measured at cost less accumulated depreciation and any accumulaled impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of c05t.
At each ￿pOrting date the Chaity assesses whether there is any indication of impaimient. If such
indicalion exsts, th8 recoverable amount of the asset is delermined lo be the higher of its fair valu8
less costs to s811 and its value use. An impaimient loss is recognised where the carrying amount
exceeds the recoverable amounL
Depreciation is charged so as to allocate the cost of tangible ftxed assets less their rasidual valu8
over their estimated useful I￿Es. using the straight4ine method.
Depreciation is provided on the following basis:
Short-term leasehold property
Motor vehicles
Fixtures and filtings
Equipment
Computer equipment
25•A
25DA
33%
25%
Gains and losses on disposals are detemiined by comparing the proceeds with the carrying amount
and are recognised in Ihe Consolidated statement of financial activities.
2.7 Investments
Fixed asset investments are a form of fnancial instrument and are initially recognised al their
transaction cost and subsequently measured at fair value at the Balance sheet date. unless the value
cannot be measured reliabW in which case li is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investrnents, in the Consolidated ststemenl of financial activities.
Investments in subsidiaries are valued at cost less provision for impairrnent.
2.8 Debtors
Trade and olher debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes Cash and short4enn highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 21

We Are Beams
(A company Ilmited by guarantee)
Notes to the financlal ststements
For the year ended 31 March 2024
Accounting policies (continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event. it is probable that a transfer of economic benefrt will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts. discounted at the pre-lax dtscount rate that reflects the risks specific to the liability. The
unwnding of the discount is recognised in the Consolidated statement of financial activities as a
finance cost.
2.11 Financial instruments
The Group onty has financial assets and financial liabilities of a kind that qualify as basic financial
instrument5. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Operating leases
Rentals paid under operatng leases are charged to the Consolidated statement of financial adivities
on a straight4ine basis over the lease term.
2.13 Penslons
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Group to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricled funds that have been set aside by the Trustees for particular
purpos85. The aim and use of each designated fund is sel oul in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by
donors or vthich have been raised by the Group for particular purposes. The costs 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.
Investment income. garns and losses are allocated to the appropriate fund.
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors. including expectations of future events that are believed to be reasonable under the
circumstances. The Charity does nol currently have any significant accounting estimates or areas of
judgement.
Page 22

We Are Beams
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Income from donatlons and legacles
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
GiftAid
Legacie5
186,468
24,571
1,000
27,163
213.631
24,571
1,000
229,118
15,426
2,000
212,039
27,163
239,202
246.544
Total 2023
239.790
6.754
246.544
Income from charltable actlvltles
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Support. advice and respite Se￿iceS -
Children
Trading actiifjties
803,349
19,754
872,3S2
1.675.711
19,754
1,618,321
15,669
823,103
872,362
1,695,465
1,633,990
Total 2023
688,503
945,487
1,633,990
Page 23

We Are Beams
(A company Ilmlted by guarantee>
Notes to the finan¢ial statements
For the year ended 31 March 2024
Income from other tradlng actlvltles
Income from non charitable trdding activities
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Managed payroll seN1￿$
other income
Beam5 Payroll Services Limiled
147.950
7.341
31.182
147,950
7,341
31.182
144,682
186.473
186,473
144.682
Total 2023
144,682
144.682
Investment income
Unrestrlcted
funds
2024
Total
funds
2024
Tctal
funds
2023
Bank interest
3,926
3,926
2,478
Total 2023
2,478
2,478
Page 24

We Are Beams
(A company limited by guarantee)
Notes to the flnanclal statomènts
For the year ended 31 March 2024
Analysls of expfrndlture by activities
Actlvltles
undertaken
dlrectly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Support, advice and respite services -
Children
Trading activities
1,762,474
55,489
326.605
2.573
2.089,079
58,062
2.053.268
77,732
Totsl 2024
1,817,963
329,178
2,147,141
2,131,000
Analysls of dlrect costs
Total
funds
2024
Totsl
funds
2023
Staff costs
Aclivity and project Costs
Training costs
Motor and travel costs
1,698,706
89,158
9,491
20,608
1,525,030
279,278
8,395
18,316
Total 2024
1,817,963
1,831.019
Page 25

We Are Beams
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Analysis of expendltur? by actlvities (continued)
Analysis of support costs
Total
funds
2024
Tolal
funds
2023
Depreciation
Loan interest costs
Computer costs
Rent & rates
Insurance costs
.Light & heat costs
Telephone costs
Printing, postage & stationery costs
Sundry costs
Health & safety costs
Subscription costs
Minibus costs
DBS checks
Advertlsing costs
'Repalrs & renewals costs
Equipment hlre
Professional faes
Charity Functions
,Governance costs
28,094
3.860
45.327
49,014
8.991
32,414
26,547
11,403
828
1,900
1,345
10,419
16,779
20,848
18,522
4,195
26,841
580
23,28
17,928
3,850
46,531
33,591
7,9S6
31,799
27,210
14,620
244
4,349
1,255
11,572
18,486
10,591
15,484
5,708
28,123
20,674
Total 2024
329,178
299,981
Auditor's remuneration
2024
2023
Fees payable to the company's auditor for the audit of the companys
annual accounts
8,500
8,225
Page 26

We Are Beams
(A company Ilmlted by guarantee}
Notes to the financial statements
For the year ended 31 March 2024
10. Staff costs
Group
2024
Group
2023
Charity
2024
Charity
2023
Wages and salaries
Social security costs
Contribution to defined contributron pension
schemes
1.554,121
121,882
1.377.442
109.700
1,537,645
120,850
1,377,442
109,700
40.518
37.888
40.211
37,888
1.716,521
1,525.030
1,698,706
1,525,030
No ex-gratia payments were made with regards to redundancies made by the charity (2023: 1), totalling
value of £nil (2023: £620). No balances were outstanding at the year end (2023= £nil).
The average number of perS￿S employed by the Chanty during the year was as follows:
Group
2024
No.
Group
2023
No.
Employees
107
101
The average headcount expressed as fulktime equivalents was:
Group
2024
Group
2023
50
47
The number of employees whose empk)yee beneffts (excluding employer pension costs) exceeded
£60.000 was:
Group
2024
Group
2023
No.
In the band £70.001- £80,000
The total amount of employee b8neffts (includirvJ empl￿rfS national insurance contributions and
employerfs pension contributions) received by the key management personnel for Iheir services to the
charity was £489,160 {2023: £458,054).
11. Trustees, remuneratlon and expenses
During the year. no Trustees received any remuneratton or other benefrt5 (2023 - £NIL).
During the year ended 31 March 2024. expenses totaifing £456 were reimbursed or paid directly to 8
Trustees {2023 - £71 to 1 Trustee). The balance outstanding at the year end totals £456 (2023: £nil).
Page 27

We Are Beams
(A company limited by guarantee)
Notes to th8 financial statements
For the year ended 31 March 2024
12. Taxation
2024
2023
Corporatlon tax
Current tax on net (expenditur8)fincome for the year
Adjustments in respect of previous periods
15,551
7,341
Taxation on net (oxpenditure)lincome
22.892
The tax assessèd for the year 15 lower than (2023 - the same as) the standard rate of corporation tax in
the UK of 250A (2D23 - 19%). The differences are explain8d below:
2024
2023
Net Trading (expenditure)lincome before tsx
65,761
38.635
Net (8xpenditure)lincDme multiplied by the standard rate of corporation tax
in the UK of 25QA12023- 190A).
Effecls of:
16,440
Adjustments to lax charge in respect of prior periods
Marglnal relief
7.341
(889)
Total tax charge for the year
22,892
During the year the charity reported trading profits of £65.551 {2023: £38,635) which are chargeable to
corporation tax, as shown in the note above. The chartys trading subsidiary, Beams Payroll Services
Limited was incorporated on 20 December 2023 and from this date distributes, under Gift Aid, the
available profits lo the parent charity.
13. Tangible fixed assets
Group
Short-term
18asehold
property
Equlpment
and
comput8rs
Motor Flxtures and
vehicles
fittings
Total
Cost or valuation
At 1 April 2023
Additions
Disposals
6,250
107,623
26,322
174,398
42,064
314,593
42,054
(1,200)
(1,200)
At 31 March 2024
6,250
106,423
26,322
216.462
355,447
Page 28

We Are Beams
(A company limited by guarantee)
Notes to the Ilnanclal statements
For the year ended 31 March 2024
13. Tangible fixed assets (continued)
Group (contlnued)
Short-teTm
leasehold
property
Equipment
and
omputers
Motor Fixtures and
vehlcles
rittings
Total
Depreclatlon
At 1 April 2023
Charge for th6 year
On disposals
6260
91,676
7.974
(1,200)
24,406
1N26
119,844
18,694
242.176
28,094
11.2001
At 31 March 2024
6,250
98,450
25,832
138,538
269,070
Net book value
At 31 March 2024
7.973
490
77,914
86,377
At 31 March 2023
15,947
1,916
54,554
72,417
Page 29

We Are Beams
(A Company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2024
13. Tanglble fixed assets {continued)
Charlty
Short-temi
leasehold
property
Motor Flxtures and
Computer
vehlcles
ritt5ngs equlpment
Total
Cost or valuatlon
At 1 April 2023
Additions
Disposals
6.250
107.623
26.322
174.398
42.054
314,593
42,054
11,200)
{1.200)
At 31 March 2024
6.260
106.423
26.322
216,462
355,447
Depreclatjon
At 1 April 2023
Charge for the year
On disposals
6.250
91.676
7.974
{1,200)
24806
1N28
119,844
18.694
242.176
28,094
(1,200>
At 31 March 2024
6,260
98.450
25,832
138,638
269,070
Net book value
At 31 March 2024
7.973
490
77,914
86,377
At 31 March 2023
15.947
1,916
54,554
72.417
14. Flxed assat Inv•stm•nts
Investments
subsldlary
companles
Charlty
Cost or valuation
Additions
100
At 31 March 2024
100
Net book value
At 31 March 2024
10D
Page 30

We Are Beam5
(A company limited by guarantse)
Notes to the financial statements
For the year ended 31 March 2024
14. Flxed asset 5nvestments (continued)
Principal subsidlaries
The following vms a substdiary undertaking of the Charity.
Name
Company
number
Registered office or principal Principal acllvlty
place of busines5
Beams Payroll Ser￿ices Ltd
15363977
Allsworth Court, 3840 St David's Managed payroll
Road. Hexlable, Swanley. Kent services
BR8 7RJ
Class of Holdlng
Shares
Included in
consolidation
Ordlnary
The financial results of the Subsidiary for the year were:
Name
Income
ExpendltUTe
ProflU(Loss)
I Surplusl
{Daflclt) for
the year
Net assets
Beams Payroll Services Ltd
341.963
(22,318>
319,645
319.745
15. Debtors
Group
2024
Group
2023
Charlty
2024
Charity
2023
Due wlthln one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
105,360
72.278
85,510
39,985
11,846
18,137
72,278
19,240
8,301
10,009
20,559
10,009
20,559
142.901
102.846
155,478
102,846
Page 31

We Are Beam5
(A company limited by guarantee)
Notss to the financial ststements
For the year ended 31 March 2024
16.
Credltors: Amounts falllng due withln one year
Group
2024
Group
2023
Charlty
2024
Ch8rity
2023
other loans
15,400
12,432
15.551
33.673
2,IJ49,208
rA.579
15,400
16.956
15,400
12,078
15,561
27,575
2,049,208
43,660
15.400
16.956
Trade creditors
Corporation tax
Other tsxation and social pRcurity
other creditors
Accruals and deferred income
34.828
1,738.666
49,648
34,828
1,738.666
49,648
2,180,843
1.855.498
2,163,462
1.855.498
Within other creditors the company held £2.043.414 (2023 - £1,733.305) on behalf Of their clients as p8rt
of the managed payroll service.
17. Creditor5: Amounts falllng due after more than one year
Group
2024
Group
2023
Charity
2024
Charity
2023
Other loans
8,983
24,383
8,983
24.383
The above relates to a £77,000 loan from Kent Communily Foundation drawn down in November 2020
and repayable over a 5 year temi. with an interest Tate of 5% charged at th8 time of drawing down Iha
loan.
Page 32

We Are Beams
(A company limited by guarantee)
Notes to the financial statements
Forthe year ended 31 March 2024
18. Ststement of fund5
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
inlout
Income Expendlture
Unrestricted funds
Designated funds
Beams family support
Contingency
Kidscarnp
750
750
124,207
124.207
34.709
39
134.7091
37
(T6)
124.957
34,748
176)
(34,672)
124,957
General funds
General Funds
Legacy income
Beams Payroll Services
242,300
14A18
1.158,611
1.000
31,182
11,273.311)
54277
{1.000)
181,877
14,418
8.864
121318)
256,718
1.190,793 (1,295.629)
205.159
Total Unrestricted funds
381,675
1.226.641 {1,295,705)
18.605
330,116
Restricted funds
DP Main contract
Beamers Restricted
Fixed asset fund
Family advi
Indpiidual child grants
Fundraising special projects
Little buddies
Support brokerage servi
Garden Project
After School Clubs
Kidscamp
Dragon's Projects
Family Events
Buzz Club
36.035
551.041
1527,353)
(36,326}
(19,723)
36,326
40,000
56,966
56,966
200
1,099
347,185
1227,434)
(3.410)
227,234
2,311
(345,955
79,332
9,890
45,000
28,758
80,562
8,969
(921}
145.000)
28,758
(3.138)
(61,311)
(73
(18,87n
(17,803)
3.138
86,311
73
18,877
17,803
25,000
255.981
899,525
(896.646)
(18.605)
240,256
Page 33

We Are Beams
(A company limited by guarantee)
Notes to the financlal statements
For the year ended 31 March 2024
18.
Statement of funds (continued)
Total of fund5
637,656
2,125,066 12.192,351
570.371
DP maln contract is funding received from the Direct Payments contract with Kent County Council.
Beamers funding relates to Beamers school holidays club for activty days.
Family advice is income that has been received to run the family advice seNice.
Fundraising special projects relates to large projects being undertaken where fundraising campaigns
have been run.
Little buddies is funding received for the Little Buddies support group.
Garden project relates to the Plant a Smile campaign. th& balance of which will be used for ongoing
maintenance of the new garden.
Kidscamp is funding received relating to the Kidscamp holiday specialist playscheme.
Family event5 is funding received to run various family events throughout the year.
Buzz club is funding received for tha holiday club run for 18-25 year olds.
Page 34

We Are Beams
(A company limited by guarantse)
Notes to the financial statements
Forthe year ended 31 March 2024
Statement of funds (continued)
Statement of funds - prior year
Balance at
31 March
2023
Balan￿ at
1 April 2022
Transfer5
inlout
Income Expenditure
Unrestricted funds
Beams family support
Contingency
Kidscarnp
1.359
63,205
20.122
609
(1,218)
21.452
(20,234)
750
124.207
42.845
112
(3.295)
84,686
43,566
(3,295)
124.957
General funds
General Funds
Legacy income
457,038
12.418
1.029.887 (1,244.625)
2.000
242,300
14,418
469,456
1,031,887 (1,244,625)
256,718
Total Unrestricted funds
554,142
1,075,453 {1,247,920)
381,675
Restricted funds
DP Main contract
Beamers Restricted
Fixed asset fund
Family advice
Fundraising special projects
Little buddies
Support brokerage service
Garden Project
After School Clubs
20,000
454,627
2,000
(438,592)
(25,272)
(10,165)
(209.848)
36.035
23,272
40,056
75,786
(170,332)
27,075
5S,966
134.062
220.808
1.323
45,0(K)
94,421
28.856
9,369
79,332
9.890
45,000
28.758
(802)
100,8CK)
720
(186,463)
{11.938)
20.000
11,218
186,820
952,241
{883,080)
255.981
Totsl of funds
740.962
2.027,694
(2,131.OQO)
637,656
Page 35

We Are Beams
(A company limited by guaThqntee)
Notes to the financial statements
For the year ended 31 March 2024
19. Summary offunds
Summary of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
Inlout
Income Expendlture
Designated funds
General funds
Restricted funds
124.957
256,718
255,981
34,748
(761
1,190,793 (1,295,629)
899,525
(896,6461
(34.672)
53,277
{18,6051
124,957
205.159
240,265
637.656
2.125,068 (2,192.351)
570,371
Summary of funds- prlor year
Balance at
31 March
2023
Balance at
1 April 2022
Transfèrs
inlout
Income Expenditure
Deslgnated funds
General funds
Restricted funds
84,686
469.456
186,820
43,566
(3.295)
1.031,887 (1,244,625)
952,241
(883,080)
124,957
256,718
255,981
740,962
2,027,694 {2,131,000)
637,656
20. Analysls of net assets between funds
Analysls of net assets between funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
86,377
86,377
476,528
2.197,292
2,673,820
(137.429) (2.043,414) (2,180,843
(8,983)
18,983)
Total
330,116
240,255
570,371
Page 36

We Ar8 Beams
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
20. Analysls of net assets between funds {continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangibl8 fixed assels
Current assets
72,417
72.417
2.039,062
2,445,120
(1,855,498) (1,855.498)
(24,383)
406.058
Creditors du8 within one year
Creditors du8 in more than one year
{24,383)
Total
381,675
255,981
637.656
21. Reconciliation of net movement In funds to net cash flow from operatlng activities
Group
2024
Group
2023
Net expenditure for the period {as per Statement of Financial Activities)
(67,286) (103,306)
Adjustments for:
Depreciation charges
Dividend5. interests and rents from investments
Loss on the sal8 of fixed assets
Corporation tax repayable
Decreasel(increase) in debtors
Increase in creditors
28.094
13,926)
17,929
(2,478)
994
15,551
(40,055)
309,794
3,315
522,514
Net cash provided by operating actlvltles
242,173
438,968
22. Analysis of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
2.530,919
2.342,274
Total cash and cash equlvalents
2,530,919
2,342,274
Page 37

We Are Beams
(A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2024
23. Analysis of changes In net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
2,342,274
115,400)
124,383)
188,645
2.530,919
(15,400)
18,9831
15,400
2,302,491
204,045
2.506,536
Penslon commitments
The Charity operates a defined contribution pension scheme for its employees. The amount recognised as
an expense in the year was £41,342 (2023- £37,888). There were no outstanding pension contributicns at
the balanc8 sheet date (2023: £Nil)- This is recognised within unrestricted funds.
25. Operatlng lease commitments
At 31 March 2024 the Group and the Charity had commitments to make future minimum le8se payments
under non-cancellable operating leases as follows..
Charity
2024
Charity
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
45.913
179,256
223,807
41.976
180.854
268.569
448,976
491.399
The following lease payments hava been recognised as an expense in Ihe Statement of financial
activities-
Charity
2024
Charily
2023
Operating leas8 rentals
42,642
43,195
Page 38

We Are Beams
(A company IlmSted by guarantee)
Notes to the financlal statements
For the year ended 31 March 2024
26. Related party transactlons
During the year Mr R Adams, Mr D Adams, Mrs J Adams and Mr J Adams, family members of Mrs K
Adams. Head of Charity of We Are Beams, were employed by the Charity.
During the year P Hatcher. th8 Sister of T Woods. a member of kèy management personnel of th8
charity. was employed by the Charily.
During the year A Brinkman, the daughter of C Brinkman, a, member of key management personnel of
the charity. was employed by th8 Charity.
All of these people were employed In roles to further the Charity's objectives and hav8 line managers
separate from their family member. Pay reviews for these individuals ar8 conducted seperately from
those that involv8 Mrs K Adams. ansuring that these are independent and free from bias.
There were no trustee related parties.
Page 39