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2023-03-31-accounts

BLUE SKY TRUST

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023

Charity Number 1068701

BLUE SKY TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2023

Contents Page
Trustees annual report 1 to 5
Independent examiners report 6
Statement of Financial Activities (including 7
income and expenditure account)
Balance sheet 8
Notes to the financial statements 9 to19

BLUE SKY TRUST TRUSTEES ANNUAL REPORT For year ended 31 March 2023

The trustees are pleased to present their annual report together with the financial statements of the charity for the period ended 31 March 2023.

The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, 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 UK and Republic of Ireland (FRS 102) (effective Octo0ber 2019).

1. Objectives and Activities

The charity supports and connects people living with HIV to improve health and wellbeing. It also raises awareness of HIV to reduce HIV stigma and discrimination and empowers young people to make safe and healthy relationship choices through its Think For Yourself project. They serve the geographical areas of Tyne & Wear, Northumberland, Durham and Cumbria and occasionally further afield.

The charity’s activities are aimed at benefiting the public as follows:

(1) One-to-One Support Services: Since 1992, staff and volunteers have provided personalised support to people living with HIV in their own homes and in the community. Support is aimed at helping people come to terms with an HIV diagnosis, boosting confidence, developing self-management skills and improving health and wellbeing. Peer mentors form a crucial part of this service, providing timely interventions that strengthen resilience and give hope for the future.

(2) Peer Support: Interaction with others who are coping with similar life challenges can represent a huge step toward reintegration for those affected by HIV. Blue Sky Trust host a thriving HIV community that connects people through a variety of support groups, workshops, special interest groups and trips in a safe and confidential environment to develop friendships, learn new skills and become confident and equipped for life with HIV.

(3) Personal Development: Blue Sky Trust provide workshops, newsletters and webinars on topics such as mental wellbeing, living well, knowing your rights and HIV to educate and support the personal development of people living with HIV.

(4) Volunteering: Blue Sky Trust provide a range of opportunities, predominantly for people living with HIV, to participate in and develop the projects at Blue Sky Trust. This includes peer mentoring, delivering training, sharing their stories, running peer support groups, improving our service, developing resources and taking part in our stigma taskforce. Through participation, volunteers develop confidence, knowledge and skills.

(6) Mental Wellbeing Project: the charity seeks to minimise the negative impact of HIV on the mental health of people living with HIV through timely interventions that educate, support and connect people.

(7) Empowering Members Project: Blue Sky Trust mobilise people living with HIV, as well as members of the public, to challenge HIV myths, stigma and discrimination through campaigns, events and training. They also ensure people living with HIV are 'heard' through encouraging contributions to research and consultations as well as sharing their stories through social media and other outlets.

1

(8) Relationship and Sex Education: Think For Yourself deliver bespoke educational sessions that empower young people with the information, skills, confidence and resilience to make safe and healthy choices about sex and relationships. The education addresses risk-taking behaviour with a focus on the safe use of media and technology. These are delivered in schools and youth organisations.

2. Achievements and Performance

Achievements in 2022-23

Blue Sky Trust supported and connected 223 people living with HIV, with 50 new referrals.

157 people received individualised support for their needs, the most common of which were around isolation, mental health, substance misuse or disengaging from treatment and care. Our 23 volunteers completed 1643 hours of work at BST.

3000 people were reached through our HIV awareness sessions and events and 372 children received HIV lessons in schools.

Courses, learning events and webinars for people living with HIV this year included:

There were 192 opportunities for people living with HIV to come together for support, friendship and learning, with 684 attendances.

Their members say:

“BST is a place to get confidence and positivity. A lot of places you go are negative. BST is a positive place that helps fill you up and gives you confidence to face the negatives” Person living with HIV

“When you come into the space you feel accepted – it helps you get through the week” Person living with HIV

“I felt so totally alone and scared, and if anything happened to me I had ne one to rescue me, but you came along and supported me and now I feel loved and safe. I have met a friend through being here. Thank you so much” Person living with HIV

‘A lot was covered, all interesting. Red flags in relationships and coercive control stuff was helpful, as was practical tips around condoms!’ Think For Yourself session: Year 12 pupil, Lord Lawson of Beamish Academy, Feb 2023

Plans for 2023-24

Blue Sky Trust support the HIV Commission's goal to end HIV transmissions by 2030. Therefore, they will continue to support and connect people living with HIV with the aim of encouraging adherence to HIV medication and improved wellbeing and self-management. They will also work with colleagues within the HIV sector to support people who are notadhering to medication or not engaging with healthcare, to reduce transmissions and poor health outcomes for those living with HIV.

2

The charity will continue its work to challenge HIV stigma, raising awareness at events such as PRIDE, delivering bespoke HIV training and working with colleagues in the HIV field to tackle the sources of stigma.

We will be partnering with charities and organisations across the UK to develop the confidence and skills of people living with HIV so that they can become HIV activists and will be working to combat the unique challenges faced in areas of low prevalence.

3. Reference and administrative details of the charity, its trustees and advisors

Charity Name Blue Sky Trust Registered Charity Number 1068701 Operational address Castlegate Melbourne Street Newcastle upon Tyne NE1 2JQ Trustees Dr HM Mcllveen H Weatherly Dr DW Golding M Proud (Chair) Independent Examiner Philippa Gardiner Connected Voice Business Services Ltd One Strawberry Lane Newcastle upon Tyne NE1 4BX Bankers Unity Trust Bank Plc Nine Brindley Place Birmingham B1 2HB

4. Structure, Governance and Management

Governing documents

Blue Sky Trust is a registered charity, number 1068701, registered 17 March 1998 and governed by a Declaration of Trust dated 12 March 1998.

Appointment of Trustees

Trustees are appointed by a resolution of the Trustees.

Organisation

The Trustees meet with management every six to eight weeks to review policy, monitor performance and consider future plans. All new ventures and strategic decisions are reviewed to ensure public benefit requirements are met and are approved by the Trustees before being implemented. Regular advice and guidance is given to management by Dr McIlveen, but generally day-to-day decisions are made by management with regard to current projects and activities.

3

Risk management

Major risks to which the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate these risks. The charity continues to seek funding from a wider variety of sources, including income generation, to minimise risks associated with major funding being withdrawn or significantly reduced. Risks associated with COVID-19 are under constant review including their impact on finances, services and workforce.

5. Financial Review

Blue Sky Trust is primarily funded by grants and contracts. The total income for the year was £220,569 (2022:£219,266) of which £126,973 was restricted (2022: £100,480). This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice.

The Statement of Financial Activities for the year ended 31 March 2023, shows a deficit of £13,191 (2022: deficit £4,650) of which a deficit of £7,848 was restricted (2022: surplus of £15,925).

The Balance Sheet at 31 March 2023 shows total funds carried forward of £97,466 (2022: £110,657) of which there are £35,654 restricted funds (2022: £43,502).

New sources of funding are continually being sought, mainly from charitable trusts, and existing relationships with local authorities and primary care trusts are being maintained, to enable Blue Sky Trust to further the support and education it provides. The charity are also exploring income generation options.

Reserves policy

The trustees have reviewed the charity’s reserves policy and have agreed to retain sufficient funds to cover salaries and administration costs for four months, whilst trying to achieve a surplus to provide improvements to the existing services and allow new and extended activities when required. At the balance sheet date, reserves, adjusted for restricted funds, equated to approximately three and a half months costs. The Trustees believe this creates a firm foundation to ensure stability during the current economic downturn and hopes to maintain these reserves and build upon them in the next financial year.

In 2018-19, the Trustees made specific calculations for a Legal Liability Reserve, to cover redundancy and closing down costs. At the financial year end, 31 March 2023, this figure was £29,815.

6. Public Benefit Statement

The Trustees have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. The trustees have also reviewed the charitable purposes of Blue Sky Trust, and the external environment, to make sure the Charity is still relevant and needed. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.

4

7. Statement of Trustee Responsibilities

The charity trustees are responsible for preparing a trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The charity trustees are required to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources. In preparing financial statements, the trustees are required to:

 Select suitable accounting policies and apply them consistently;

 Observe the methods and principles in the Charities SORP;

 Make judgements and estimates that are reasonable and prudent;

 State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

 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 that disclose with reasonable accuracy at any time the financial position of the charity. 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.

Approved by the Trustees on 28.09.2023 and signed on their behalf by:

Dr HM Mcllveen

Chair

5

BLUE SKY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2023

I report on the financial statements of Blue Sky Trust for the year ended 31 March 2023, which are set out on pages 7 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Doug Maltman FMAAT Connected Voice Business Services Limited One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 29.08.2023

6

BLUE SKY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2023

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
Income from:
Donations and legacies 6 11,726 540 12,266 10,157
Charitable activities
Grants and contracts 7 80,544 110,364 190,908 198,187
Other trading activities 8 1,326 16,069 17,395 12,122
Total income 93,596 126,973 220,569 220,466
Expenditure on:
Raising funds 9 14,545 305 14,850 12,545
Charitable activities
Operation of the charity 10 118,867 100,043 218,910 211,371
Total expenditure 133,412 100,348 233,760 223,916
Net income/(expenditure) ( 39,816 ) 26,625 ( 13,191 ) ( 3,450 )
Transfers between funds 34,473 ( 34,473 ) - -
Net income/(expenditure) and net
( 5,343 ) ( 7,848 ) ( 13,191 ) ( 4,650 )
movement of funds
Reconciliation of funds
Total funds brought forward 67,155 43,502 110,657 115,307
Total funds carried forward 61,812 35,654 97,466 110,657
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 9 to 19 form an integral part of these accounts.

7

BLUE SKY TRUST

Charity Number 1068701

BALANCE SHEET

As at 31 March 2023

Current assets
Debtors
17
Cash at bank and in hand
18
Total current assets
Creditors:amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Notes
Total funds		 £
1,601
98,279
99,880
( 2,414 )		 Total
2023
£
97,466
97,466
97,466
61,812
35,654
97,466		 £
3,361
110,777
114,138
( 3,481 )		 Total
2022
£
110,657
110,657
110,657
67,155
43,502
110,657

The notes on pages 9 to 19 form an integral part of these accounts.

These financial statements were approved by the Board on: 28.09.2023 and are signed on its behalf by: Dr H M McIlveen Chair

8

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts 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.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Blue Sky Trust meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £61,812 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

9

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of delivering one to one support and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

10

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

The charity currently has no tangible fixed assets

11

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

Analysis of income

6
7		 Donations and legacies
Charitable activities
Income from grants
Albert Hunt Trust - Living Well Project
Gateshead Social Services - Volunteer Project
Gateshead Social Services - Living Well
Project
Gilead Sciences Ltd - Stigma
Gilead Sciences Ltd - Volunteer Project
Gilead Sciences Ltd - Peer Support Groups &
Events
Charity Aid Foundation - Core
Cumbria Community Foundation - Cumbria
Dobies Charitable Trust - Cumbria
Edward Gostling Foundation - Peer Support
Groups & Events
Catherine Cookson Charitable Trust - Peer
Support Groups & Events
Community Foundation - Adult 1 to 1
Community Foundation - Core
Even Cornish Foundation - Peer Support
Groups & Events
Gift aid
Adult Well Being Durham - Complex 1 to 1
Barbour Foundation - Complex 1 to 1
Bryan Lancaster Friends - Cumbria
Castle Wardens Lodge
CAF
Community Foundation - Volunteer project
Community Foundation - T4Y
Balance carried forward
Hadrian Trust - Peer Support Groups & Events
Fundraising
Arnold Clark
Gateshead Social Services - Complex 1 to 1
Donations
Hadfield Trust - Cumbria
Garfield Weston
Gilead Sciences Ltd - Mental Welllbeing
Gilead Sciences Ltd - Complex 1 to 1
Charities Trust - Peer Support Groups &
Events
Adult Well Being Durham - Peer Support
Groups & Events		 Unrestricted
Funds
£
2,246
8,566
914
11,726
2,887
-
-
-
1,000
-
1,000
200
-
-
-
-
5,059
-
-
-
-
-
-
20,000
-
-
5,000
-
-
-
-
5,000
-
-
40,146		 Restricted
Funds
£
540
-
-
540
-
-
2,000
5,000
-
400
-
-
-
1,000
-
-
-
1,964
15,000
-
500
8,000
5,000
-
500
500
-
10,000
12,000
8,000
-
-
3,000
1,000
73,864		 Total
2023
£
2,786
8,566
914
12,266
2,887
-
2,000
5,000
1,000
400
1,000
200
-
1,000
-
-
-
5,059
1,964
15,000
-
500
8,000
5,000
20,000
500
500
5,000
10,000
12,000
8,000
-
5,000
3,000
1,000
114,010		 Total
2022
£
3,535
5,708
914
10,157
1,310
682
-
5,000
1,000
-
-
-
20,000
-
1,000
5,000
2,029
-
10,000
3,000
-
5,000
-
15,000
6,000
6,000
6,000
-
-
-
26,000
9,000
-
1,000
123,021

12

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

7 Charitable activities (Continued)

Income from grants
Morrisons Foundation - Stigma
Viiv Healthcare
Newcastle City Council - Peer Support Groups
& Events
Newcastle City Council - Living Well Project
North Tyneside Council - Complex 1 to 1
Newcastle City Council - Core
Sunderland Council - Complex 1 to 1
Sylvia and Colin Shepherd Trust - Peer Support
Groups & Events
The Archer Trust - Peer Support Groups &
Events
Newcastle City Council - Volunteer Project
North Tyneside Council - Peer Support Groups
& Events
Balance brought forward
Sir James Knott Trust
St Hildas Trust - T4Y
Schreier - Living Well Project
J.H Burn Charity Trust
The Anchor Foundation
The Rothley Trust
The William Leech Charity - Peer Support
Groups & Events
Morrisons Foundation - Peer
Support Groups & Events
Morrisons Foundation - Peer
Mentoring
North Tyneside Council - Living Well Project
Sunderland Council - Peer Support Groups &
Events
Sunderland Council - Volunteer Project
Sunderland Council - Living Well Project
Santander - Cumbria
Souter Charitable Trust - Peer Support Groups
& Events
Newcastle City Council - Complex 1 to 1
North Tyneside Council - Volunteer Project
Joicey Trist
Zedra Trust - Peer Support Groups & Events
National Aids Trust
Morrisons Foundation - Mental
Wellbeing
Leathersellers
Irving Memorial Trust		 Unrestricted
Funds
£
40,146
-
-
-
-
-
-
-
-
-
20,499
2,001
-
-
-
6,098
-
-
-
-
5,000
-
-
-
-
-
6,000
-
-
-
-
800
-
-
-
80,544		 Restricted
Funds
£
73,864
-
-
-
-
-
-
-
-
-
-
-
4,000
2,000
3,000
-
3,000
1,000
2,000
1,000
-
3,000
-
3,000
3,000
3,000
-
500
2,000
1,000
-
-
3,500
-
1,500
110,364		 Total
2023
£
114,010
-
-
-
-
-
-
-
-
-
20,499
2,001
4,000
2,000
3,000
6,098
3,000
1,000
2,000
1,000
5,000
3,000
-
3,000
3,000
3,000
6,000
500
2,000
1,000
-
800
3,500
-
1,500
190,908		 Total
2022
£
112,221
1,000
200
3,400
2,000
660
1,800
4,000
2,000
2,000
21,095
-
6,905
-
-
5,246
-
-
6,000
-
5,000
-
6,000
-
-
-
-
-
3,000
-
4,000
660
-
11,000
-
198,187

13

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

8
Ana
9
10		 Unrestricted
Restricted
Total
Total
Funds
Funds
2023
2022
£
£
£
£
Other trading activities
800
15,396
16,196
7,543
Job Retention Scheme
-
-
-
100
-
-
-
4,139
56
-
56
-
470
673
1,143
340
1,326
16,069
17,395
12,122
lysis of expenditure on charitable activities
Unrestricted
Restricted
Total
Total
Funds
Funds
2023
2022
£
£
£
£
Raising funds
14,545
305
14,850
12,545
14,545
305
14,850
12,545
Charitable activities
Direct costs
82170
74586
156,756
157,704
2,984
4,730
7,714
3,515
1030
17185
18,215
12,927
1756
848
2,604
2,790
Support costs
13,752
-
13,752
13,536
1,923
814
2,737
4,946
6,395
43
6,438
191
814
1,837
2,651
8,059
1,832
-
1,832
1,548
-
-
-
1,060
2,990
-
2,990
4,135
206
-
206
-
1,971
-
1,971
-
Governance costs
1,044
-
1,044
960
118,867
100,043
218,910
211,371
Bank interest received
Employer Allowance
Miscellaneous
Staging fundraising events
Rent & utilities
Telephone & internet
Office consumables
Office equipment costs
Independent examiner's fees for reporting on
the accounts
Other expenditure
Tithe & donations
Professional fees
Bank charges
Sessional Work
Insurance
Project staff salaries
Project staff other costs
Project activities
Volunteer Costs
Income was £220,569 (2022: £219,266) of which £93,596 was unrestricted or designated (2022: £118,786) and
£126,973 was restricted (2022: £100,480).

Analysis of expenditure on charitable activities

Expenditure on charitable activities was £233,760 (2022: £223,916) of which £133,412 was unrestricted or designated (2022: £139,361) and £100,348 was restricted (2022: £84,555).

14

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

11 Fees for examination of the accounts

12
Independent examiner's fees for reporting on the accounts
Analysis of staff costs and the cost of key management personnel
Salaries and wages
Pension costs (defined contribution pension plan)
There were no other fees paid to the examiner (2022: £nil)		 2023
£
1,044
1,044
2023
£
146,323
10,433
156,756		 2022
£
960
960
2022
£
153,357
4,347
157,704

No employee received remuneration above £60,000 (2022: nil).

The key management personnel of the charity, comprise the trustees and the charity director. The total employee benefits of the key management personnel of the charity were £26,117 (2022: £24,178).

13 Staff numbers

The average monthly head count was 12 staff (2022: 13 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work
Charitable activities		 2023
Number
5.0
5.0		 2022
Number
5.0
5.0

14 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

The following detail the expenses incurred by the trustees.

Travel 2023
£
36
36		 2022
£
-
-

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

15

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

15 Defined contribution pension scheme

The charity operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £10,433 (2022: £4,347). There was £232 outstanding as at 31 March 2023 (2022: £372).

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

17 Debtors and prepayments (receivable within 1 year)

18
Cash at bank and in hand
Trade debtors		 2023
£
1,601
1,601		 2022
£
3,361
3,361
Cash at bank
Deposit account
Cash in hand		 2023
£
58,189
40,056
34
98,279		 2022
£
110,417
-
360
110,777

19 Creditors and accruals (payable within 1 year)

Trade creditors
Accruals
Credit card		 2023
£
122
1,016
1,276
2,414		 2022
£
2,008
513
960
3,481

20 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods

Balance brought forward
Balance carried forward
Amount deferred in year
Amount released to income earned from
charitable activities		 2023
£
-
-
-		 2022
£
3,000
( 3,000 )
-
-

16

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

21 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

22 Analysis of charitable funds

Analysis of movements in unrestricted funds

For the year ended 31 March 2023

Unrestricted funds
General unrestricted fund
Complex One to One - Formerly
Adult One to One unrestricted
fund
Redundancy provision
Totals		 Fund
balances
brought
forward
£
26,339
11,001
29,815
67,155		 Incoming
resources
£
47,111
46,485
-
93,596		 Resources
expended
£
( 94,749 )
( 38,663 )
-
( 133,412 )		 Transfers
£
48,200
( 13,727 )
-
34,473		 Fund
balances
carried
forward
£
26,901
5,096
29,815
61,812

For the year ending 31 March 2022

Unrestricted funds
General unrestricted fund
Adult One to One unrestricted
fund
Redundancy provision
Totals		 Fund
balances
brought
forward
£
43,646
14,269
29,815
87,730		 Incoming
resources
£
66,976
51,810
-
118,786		 Resources
expended
£
( 84,283 )
( 55,078 )
-
( 139,361 )		 Transfers
£
-
-
-
-		 Fund
balances
carried
forward
£
26,339
11,001
29,815
67,155

Purpose of unrestricted funds

General unrestricted fund Designated - Complex One to One - Formerly Adult One to One

The 'free reserves' after allowing for designated funds Provide personalised one to one support in homes and the community

Redundancy provision

Funding set aside for any redundancy costs.

17

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

22 Analysis of movement in restricted funds (continued)

For the year ended 31 March 2023

Restricted funds
Cumbria
Living Well Project - Formerly
Mental Wellbeing
Volunteer Project - FormerlyPeer
Mentoring
Peer Support Groups & Events
Soundroom
Stigma
Think For Yourself
Totals		 Fund
balances
brought
forward
£
5,844
8,748
553
11,976
-
1,448
14,933
43,502		 Incoming
resources
£
4,900
12,625
19,589
50,790
-
8,673
30,396
126,973		 Resources
expended
£
( 6,481 )
( 8,991 )
( 14,247 )
( 42,393 )
-
( 7,245 )
( 20,991 )
( 100,348 )		 Transfers
£
( 3,281 )
( 9,420 )
( 2,606 )
( 9,392 )
-
( 1,752 )
( 8,022 )
( 34,473 )		 Fund
balances
carried
forward
£
982
2,962
3,289
10,981
-
1,124
16,316
35,654

Analysis of charitable funds

For the year ending 31 March 2022

Restricted funds
Cumbria
Mental Wellbeing
Peer Mentoring
Peer Support Groups & Events
Soundroom
Stigma
Think For Yourself
Totals		 Fund
balances
brought
forward
£
7,550
368
4,069
1,318
5,294
2,885
6,093
27,577		 Incoming
resources
£
3,000
30,800
13,000
27,287
-
2,000
24,393
100,480		 Resources
expended
£
( 4,706 )
( 22,420 )
( 16,516 )
( 16,629 )
( 5,294 )
( 3,437 )
( 15,553 )
( 84,555 )		 Transfers
£
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
5,844
8,748
553
11,976
-
1,448
14,933
43,502

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Cumbria

Living Well Project - Formerly Mental Wellbeing

Volunteer Project - Formerly Peer Mentoring Peer Support Groups & Events

Soundroom

One to one support, peer mentoring and peer support groups for people living with HIV in Cumbria.

Workshops, courses and interventions that improve the mental wellbeing of people living with HIV.

One to one support delivered by volunteers with lived experience of HIV.

Peer support groups and events for people living with HIV to connect, learn and support one another.

One to one and group support for children affected by HIV.

18

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

Purpose of restricted funds (continued)

Stigma HIV awareness and activities. Thing For Yourself Sex and relationship workshops for young people.

23 Capital commitments

As at 31 March 2023, the charity had no capital commitments (2022 -£nil).

24 Analysis of net assets between funds

Cash at bank and in hand
Cash at bank and in hand
Other net current assets/(liabilities)
Other net current assets/(liabilities)		 Unrestricted
Funds
£
62,625
( 813 )
61,812
Unrestricted
Funds
£
67,275
( 120 )
67,155		 Restricted
Funds
£
35,654
-
35,654
Restricted
Funds
£
43,502
-
43,502		 Total
2023
£
98,279
( 813 )
97,466
Total
2022
£
110,777
( 120 )
110,657

19