OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

BLUE SKY TRUST

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

Charity Number 1068701

BLUE SKY TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 to 18

BLUE SKY TRUST TRUSTEES ANNUAL REPORT For year ended 31 March 2024

The trustees are pleased to present their annual report together with the financial statements of the charity for the period ended 31 March 2024.

The financial statements comply with the Charities Act 2022, 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 and newsletters 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, working alongside the HIV specialist psychology team at the RVI to deliver 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.

(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 2032-24

Blue Sky Trust supported and connected 228 people living with HIV, with 53 new referrals.

122 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 21 volunteers completed over 1200 hours of work at BST.

2386 people were reached through our HIV awareness sessions and events.

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

There were 132 opportunities for people living with HIV to come together for support, friendship and learning, attended by 80 people with a total of 1040 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

“I feel empowered by sharing my story with professionals and breaking down HIV stigma”

‘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

Think For Yourself delivered 91 sessions to 3714 young people and 109 professionals.

Plans for 2024-25

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 work with the regional HIV network to meet these targets in the North East and North Cumbria, taking a lead on tackling stigma.

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.

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.

They 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.

They will champion the voices and experiences of people living with HIV.

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 Mcilveen H Weatherly M Proud (resigned February 2024) M O’Halloran Independent Examiner Doug Maltman FMAAT Connected Voice Business Services 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.

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 £205,144 (2023: £224,569) of which £84,039 was restricted (2023: £126,973) expenditure was £225,716 (2023: £233,760) of which £100,562 was restricted (2023: £100,348). 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 2024, shows a deficit of £20,572 (2023: deficit £13,191) of which a deficit of £16,523 was restricted (2023: surplus of £26,625).

The Balance Sheet at 31 March 2024 shows total funds carried forward of £76,894 (2023: £97,466) of which there are £12,248 restricted funds (2023: £35,654).

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 2024, this figure was £29,815 (2023: £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.

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 17.12.2024 and signed on their behalf by:

Dr HM Mcilveen

Chair

BLUE SKY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2024

I report on the financial statements of Blue Sky Trust for the year ended 31 March 2024, which are set out on pages 7 to 18.

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 2022 ("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

Fellow Member of the Association of Accountancy Technicians Connected Voice Business Services Limited One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date: 18.12.2024

BLUE SKY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Income from:
Donations and legacies 5 5,826 4,688 10,514 12,266
Charitable activities
Grants and contracts 6 112,560 67,500 180,060 190,908
Other trading activities 7 2,718 11,851 14,569 17,395
Total income 121,105 84,039 205,144 220,569
Expenditure on:
Raising funds 8 20,926 3,498 24,424 14,850
Charitable activities
Operation of the charity 9 104,228 97,064 201,292 218,910
Total expenditure 125,154 100,562 225,716 233,760
Net income/(expenditure) ( 4,049 ) ( 16,523 ) ( 20,572 ) ( 13,191 )
Transfers between funds 6,883 ( 6,883 ) - -
Net income/(expenditure) and net
2,834 ( 23,406 ) ( 20,572 ) ( 13,191 )
movement of funds
Reconciliation of funds
Total funds brought forward 61,812 35,654 97,466 110,657
Total funds carried forward 64,646 12,248 76,894 97,466
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 18 form an integral part of these accounts.

BLUE SKY TRUST

Charity Number 1068701

BALANCE SHEET

As at 31 March 2024

Current assets
Debtors
16
Cash at bank and in hand
17
Total current assets
Creditors:amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
1,601
120,383
121,984
( 45,090 )		 Total
2024
£
76,894
76,894
76,894
64,646
12,248
76,894		 £
1,601
98,279
99,880
( 2,414 )		 Total
2023
£
97,466
97,466
97,466
61,812
35,654
97,466

The notes on pages 9 to 18 form an integral part of these accounts.

Chair
These financial statements were approved by the Board on:
and are signed on its behalf by:
Dr H M McIlveen		 17.12.2024

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 2022.

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 £64,646 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 Volunteer help

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

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

3.5 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.

3.6 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.

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.

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of income

5
6		 Donations and legacies
Charitable activities
Income from grants
Garfield Weston
Gateshead Social Services
Eyes Open
Gilead Sciences Ltd - Complex 1 to 1
Arnold Clark
Gateshead Social Services - Complex 1 to 1
Donations
Fundraising
Community Foundation - T4Y
Balance carried forward
Children in Need
Community Foundation - Core
Even Cornish Foundation - Peer Support
Groups & Events
Gift aid
Adult Well Being Durham - Complex 1 to 1
Barbour Foundation
Bryan Lancaster Friends - Cumbria
Castle Wardens Lodge
HSF Hospital
CAF
Community Foundation - Volunteer project
Benefact Trust
Edward Gostling Foundation
Freemasons of Northumberland
Community Foundation
Dowager Eleanor Peel
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
Cumbria Community Foundation - Cumbria
Dobies Charitable Trust - Cumbria
Edward Gostling Foundation - Peer Support
Groups & Events
Catherine Cookson Charitable Trust - Peer
Support Groups & Events		 Unrestricted
Funds
£
1,091
4,142
593
5,826
2,392
-
3,000
-
-
-
-
-
-
250
-
-
-
-
-
-
-
-
3,000
-
-
-
9,000
4,000
-
-
-
-
-
-
5,000
-
26,642		 Restricted
Funds
£
250
4,438
-
4,688
-
-
-
12,000
-
-
-
-
-
-
2,000
-
-
-
2,600
500
1,500
-
4,200
2,000
-
500
-
2,000
-
-
-
10,000
-
-
-
200
37,500		 Total
2024
£
1,341
8,580
593
10,514
2,392
-
3,000
12,000
-
-
-
-
-
250
2,000
-
-
-
2,600
500
1,500
-
7,200
2,000
-
500
9,000
6,000
-
-
-
10,000
-
-
5,000
200
64,142		 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
-
110,010

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

6 Charitable activities (Continued)

Income from grants
Newcastle City Council
Newcastle Hospital Trust
Joicey Trust
Zedra Trust - Peer Support Groups & Events
Hadfield Trust - Cumbria
Irving Memorial Trust
Newcastle City Council - Complex 1 to 1
North Tyneside Council - Volunteer Project
Balance brought forward
Sir James Knott Trust
St Hildas Trust - T4Y
Schreier - Living Well Project
Hadrian Trust - Peer Support Groups & Events
J.H Burn Charity Trust
Willan Charitable Trust
The Rothley Trust
The William Leech Charity - 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
North Tyneside Council
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
The Shears Foundation
Greggs Foundation
Newcastle City Council - Peer Support Groups
& Events
Newcastle City Council - Living Well Project
North Tyneside Council - Complex 1 to 1		 Unrestricted
Funds
£
26,642
-
-
-
-
1,000
-
22,780
28,750
-
-
-
-
-
7,288
-
-
-
-
-
5,000
-
-
-
-
-
-
-
-
-
-
-
1,100
-
20,000
-
112,560		 Restricted
Funds
£
37,500
-
500
1,000
-
2,000
3,000
8,000
-
-
-
-
-
-
6,000
-
-
-
-
-
-
-
3,000
-
-
-
-
500
-
1,000
1,000
3,000
-
1,000
-
-
67,500		 Total
2024
£
64,142
-
500
1,000
-
3,000
3,000
-
30,780
28,750
-
-
-
-
-
-
13,288
-
-
-
-
-
-
5,000
-
3,000
-
-
-
-
500
-
1,000
-
1,000
3,000
1,100
1,000
-
20,000
-
180,060		 Total
2023
£
110,010
3,000
1,000
-
-
-
-
-
-
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

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
7
Other trading activities
201
11,851
12,052
Job Retention Scheme
-
-
-
-
-
-
1,060
-
1,060
1,457
-
1,457
2,718
11,851
14,569
Analysis of expenditure on charitable activities
Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
8
Raising funds
20,926
3,498
24,424
20,926
3,498
24,424
9
Charitable activities
Direct costs
69157
83697
152,854
3,071
-
3,071
612
2768
3,380
4426
9,052
13,478
Support costs
13,536
-
13,536
1,472
760
2,232
17
-
17
Materials and Resources
679
687
1,366
Computer Maintenance
1,995
-
1,995
1,720
100
1,820
2,177
-
2,177
-
-
-
5,088
-
5,088
186
-
186
92
-
92
Governance costs
-
-
-
104,228
97,064
201,292
Sessional Work
Insurance
Project staff salaries
Project staff other costs
Project activities
Volunteer Costs
Income was £205,144 (2023: £220,569) of which £121,105 was unrestricted or designated (2023:
£84,039 was restricted (2023: £126,973).
Professional fees
Bank charges
Office consumables
Office equipment costs
Independent examiner's fees for reporting on
the accounts
Other expenditure
Tithe & donations
Rent & utilities
Telephone & internet
Staging fundraising events
Miscellaneous
Bank interest received
Employer Allowance		 Total
2023
£
16,196
-
-
56
1,143
17,395
Total
2023
£
14,850
14,850
156,756
7,714
18,215
2,604
13,752
2,737
6,438
-
-
2,651
1,832
-
2,990
206
1,971
1,044
218,910
£93,596) and

Expenditure on charitable activities was £225,716 (2023: £233,760) of which £125,154 was unrestricted or designated (2023: £133,412) and £100,562 was restricted (2023: £100,348).

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

10 Fees for examination of the accounts

11
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 (2023: £nil)
Independent examiner's fees for reporting on the accounts		 2024
£
1,044
1,044
2024
£
142,991
9,863
152,854		 2023
£
1,044
1,044
2023
£
146,323
10,433
156,756

No employee received remuneration above £60,000 (2023: 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 £26,905 (2023: £26,117).

12 Staff numbers

The average monthly head count was 12 staff (2023: 12 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
The parts of the charity in which the employee's work		 2024
Number
5.0
5.0		 2023
Number
5.0
5.0

13 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 2024
£
-
-		 2023
£
36
36

Transaction(s) with related parties

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

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

14 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 £9,863 (2023: £10,433). There was £0 outstanding as at 31 March 2024 (2023: £232).

15 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.

16 Debtors and prepayments (receivable within 1 year)

Trade debtors 2024
£
1,601
1,601		 2023
£
1,601
1,601

17 Cash at bank and in hand

Cash at bank
Deposit account
Cash in hand		 2024
£
78,931
41,116
336
120,383		 2023
£
58,189
40,056
34
98,279

18 Creditors and accruals (payable within 1 year)

Accruals
Credit card
Pension
Independent examination of accounts
Deferred income
Trade creditors		 2024
£
7
979
-
-
1,044
43,060
45,090		 2023
£
122
1,016
1,276
-
-
2,414

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

19 Deferred income

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

Amount deferred in year
Amount released to income earned from
charitable activities
Balance brought forward
Balance carried forward		 2024
£
-
43,060
43,060		 2023
£
-
-
-
-

20 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.

21 Analysis of charitable funds

Analysis of movements in unrestricted funds

For the year ended 31 March 2024

Unrestricted funds
General unrestricted fund
Complex One to One - Formerly
Adult One to One unrestricted
fund
Redundancy provision
Totals		 Fund
balances
brought
forward
£
26,901
5,096
29,815
61,812		 Incoming
resources
£
75,177
45,928
-
121,105		 Resources
expended
£
( 86,154 )
( 39,000 )
-
( 125,154 )		 Transfers
£
12,733
( 5,850 )
-
6,883		 Fund
balances
carried
forward
£
28,657
6,174
29,815
64,646

For the year ending 31 March 2023

Unrestricted funds
General unrestricted fund
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

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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.

22 Analysis of movement in restricted funds (continued)

For the year ended 31 March 2024

Restricted funds
Cumbria
Living Well Project - Formerly
Mental Wellbeing
Volunteer Project - FormerlyPeer
Mentoring
Peer Support Groups & Events
Stigma
Think For Yourself
Totals		 Fund
balances
brought
forward
£
982
2,962
3,289
10,981
1,124
16,316
35,654		 Incoming
resources
£
4,600
6,875
15,625
24,000
2,438
51,061
104,599		 Resources
expended
£
( 5,773 )
( 5,962 )
( 14,979 )
( 24,008 )
( 4,711 )
( 45,336 )
( 100,769 )		 Transfers
£
191
( 895 )
( 2,248 )
( 3,600 )
1,149
( 1,480 )
( 6,883 )		 Fund
balances
carried
forward
£
-
2,980
1,687
7,373
-
20,561
32,601

Analysis of charitable funds

For the year ending 31 March 2023

Restricted funds
Cumbria
Living Well Project - Formerly
Mental Wellbeing
Volunteer Project - FormerlyPeer
Mentoring
Peer Support Groups & Events
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

BLUE SKY TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Purpose of restricted funds

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

Cumbria One to one support, peer mentoring and peer support groups for people living with HIV in Cumbria. Living Well Project - Formerly Workshops, courses and interventions that improve the mental wellbeing Mental Wellbeing of people living with HIV. Volunteer Project - Formerly Peer One to one support delivered by volunteers with lived experience of HIV. Mentoring Peer Support Groups & Events Peer support groups and events for people living with HIV to connect, learn and support one another. Thing For Yourself Sex and relationship workshops for young people.

23 Capital commitments

As at 31 March 2024, the charity had no capital commitments (2023 -£nil).

24 Analysis of net assets between funds

Other net current assets/(liabilities)
Other net current assets/(liabilities)
Cash at bank and in hand
Cash at bank and in hand		 Unrestricted
Funds
£
87,782
( 43,489 )
44,293
Unrestricted
Funds
£
62,625
( 813 )
61,812		 Restricted
Funds
£
32,601
-
32,601
Restricted
Funds
£
35,654
-
35,654		 Total
2024
£
120,383
( 43,489 )
76,894
Total
2023
£
98,279
( 813 )
97,466