REGISTERED NUMBER: 03774011 (ENGLAND ANO WALES) REPORT OF THE DIRECTORS AND FINANOAL STATEMENTS FOR THE YEAR ENDED ST 31 MAY 2023 FOR THE BIZZ (GLOUCESTERI llll *ACXTT)CQ' 2W2024 COMPANIES HOUSE f232 Page l of 11
THE BIZZ (GLOUCEsfERI YEAR ENDED 31ST MAY 2023 CONTENTS OF THE FINANCIAL STATEMENTS COMPANY INFORMATION.. .. . INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS ANDTRUSTEESOFTHE BIZZ IGLOUCESTERI....................-..... REPORTOF THE OIRECTORS........ .. STATEMENT OF FINANCIAL ACTIVITIES...-......................................... .... . .... BALANCE SHEET................................................................. NOTES TO THE FINANCIAL STATEMENTS.. ACCOUNTING POLICIES .....-.................................................. .. MANAGEMENT AND ADMINISTRATION OF CHARtTY.............................. TANGIBLE FIXED ASSETS............................... . .. .... SHARE CAPITAL...................................................... .10 ANALYSIS OF ASSETS AND LIABILITIES BEEN FUNDS..................................... .10 ANALYSIS OF FUNOS.. li Page 2 of li
THE BIZZ (GLOUCESTER) YEAR ENDED 31ST MAY 1023 COMPANY INFORMATION Dlrectors and Trustees: Mr R Dalton Mrss Dalton MrsNHo Seuetarr. MrsNHo Reglstered Office: 38 Hucclecote Road Hucclecote Gloucester GL3 3R5 Registered Number: 03774011 (England and Wales) Banker5: Natwe5t Bank plc 21 Eastgate Street Gloucester GLI INY Page 3 of 11
THE 81ZZ IGLOUCE5TER) ST YEAR £t40ED 31 MAY 21123 INDEPENDENT EXAMINEA'S REPORT TO THE DIREcfoRS ANOTRUSTEES OF THE BIZZ (GLOUCESTER} I report on the accouNs tsl the Company lor the eThJed 31s1 May 2023. which ale set OLIt in the annexed pages. Respecte responslb1lles0f t anéexaminÈr As tl comparfs directors and trustee5 you are fesFonsible for the pfeporation of the accounts: you considef that rhe audil requ1MentS of 5ectior) 144121 of thÈ tharilies Act 2011 Ithe Act) does Trotapply. It 15 my ie5ponsibifity to stste. on the basis ol procedvres $elfIed in the General Direclions given by thecharity Cornmissioners undersectton 14515llbl of A¢L whether pam¢ular maitets hB ¢orne to my attenwjn. aslsoflndepenknt èxaffiinÈVs rrfrt examitIon wbs caffied out in accordance with the General Difettions wven by the Charity Cornrnissioners. An examinarson indudes a rleW of the a¢¢ounting reeords kept by the charity and a comparison of the accounts psented with those records. It also ItKludes considwation ol any unusual items or d1scltssus in the accounts, and sthinE explanation5 from you a5 trustees corMIng any Sh matters. The procedures vThJertaken do prode all the eviden¢e th• would be required in an audit. and ¢onseqLntyy I do rwt express an audit oplnlon on the view qiven bythe accounts. tftrtyndt eAamlfterf$ ststemeffit In connectlon wlth ry ex3rThna#on. matter wme to my attentior ¥thl¢h 8ive5 me reasonable cause to belie¥È that in any mrterial pe¢t the requrrements to keep acrwntin4 re¢Nds inacro¥dèn¢è sectmm 41 of the ACL aThJ to prepare atcovnts wht¢h accord with the arcounting recd$ arKI to comply with the a¢¢ouThtlng requirements of the Art have not met,. or 21 to which. in my oplnion. attentiM should be drawn in 0ert0 enable a pro1 yrStandIng01 the aCts ttj be rexld. D N Riley FfA . Charted At¢oufttaftt LS29 8PQ 26th February 2024 Oate Page 4 of 11
THE BIZZ IGLOUCESTER) YEAR ENDED 31sf MAY 2023 REPORT OF THE DIRECTORS The director5 present their report ond the financial statements for the year ended 31" May 2023. This report has been prepared in accordance with the special provisions relating to small companies subject to the Small Companies Regime of the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and the Republic of Ireland IFRS 1021 lissued October 20191- PRINaPAL AcfiviTIES AND OBJECTIVES The company is a regisiered charity as approved by the Charity Commissioner5, RegistratM)n Number 1079707. under the Charitie5 Act 2011. The Biii IGloucesterl provides mentoring support and education for young people, and emergency aid to those in crisi5. It 15 also seeking ways to help young people to explore and foster their spiritual growth. The charity aims to empower young people who suffer from low 5elf-esteem, low confidence and socTral or educational disadvanta8e to access opportunities for trainin& education. employment and pernal development. REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS The Statement of Financial Activities is set out on Page 5_ The gross income of the charity for the year was £46,167 resulting in an overall surplus of E9.747. The directors are of the opinion that the financial position of the funds is satisfactory and anticipate no difficulty in meeting the obligations of the company. ThePizz (Gloucesterl iscontrolled and managed by the directors. who awe also trustees forthe P4brpose of the Charities Aci 2011. THE OIRECTORS AND THEIR INTERESTS IN THE COMPANY The company is limited by guarantee and has no share capital. The directors may derive no benefit or income from, or apital interest in. the company's affairs. AUDITORS AND INDEPENDENT EXAMINERS The company is taking advantage of the Companies Act 2(M)6 (Audit Exemptionl Regulations (sections 476 and 477 of the Companies Act 20061 and, as the companf s gross income is below £250,( for the year ended 31 May 2023. is theretore exempt from the obligation to appoint auditors. This report has been prepared in accordance wbth ihe provisions applicable to companies subject to the Small Companies Regime in accordance with the Companies Act 2QX)6. As the gross income of the charity for the year exceeded £25.ClXI, the directors have appointed an independent examiner to examine the accounts, in line with their obliEations. ON BEHALF OF THE BOARD R. Dalton- Chairman Date Page 5 of 11
THE BIZZ (GLOUCESTER) YEAR ENDED 31" MAY 2023 STATEMEpif OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31" MAY2023 Unrestrirted Restrirted T¢>tal Fund5 Funds Funds Total Funds 2022 Income Donations Received Charitable ALtivities Grants Received Investments Other Total Income 3.135 3.135 42.859 3.183 33.191 4,450 42,859 173 173 523 41,352 42.859 46,167 Expenditure Direct Charitable Expenditure Management and Administration of Charity Total Expenditure 163 30,647 5.475 5,773 35.959 36.420 33.517 5,226 38,743 461 Transfers between Funds Surpluslloeficitl 2.847 9,747 Total f unds brought forward as at 1st June 2022 19.369 27.833 25.224 Total funds carried forward as at 31st May 2023 IL311 26.269 37.580 27,833 Page 6 of 11
THE BIZZ (GLOUCESTER) YEAR ENDED 315f MAY 2023 BALANCE SHEET AS AT 31" MAY 2023 REGISTERED NUMBER: 03774011 (ENGLAND ANO WALES) 2022 Fixed Assets Tangible Fixed Assets 811 I.LK17 Current Assets Cash at bank and in hand Trade Debtors Prepayments Other Debtors 29.689 6.353 742 24,725 1,216 618 26,839 Current Liabilities Trade Creditors 13 Net Current Assets 36,769 26.826 Net Assets 37.580 27,833 Resenles Funds brought Foard Surplus/l Deficit) Totsl Reserves 27.833 9.747 37.580 25,224 27.833 For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Art 2(M)6 relaling to small companies. The member5 have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2(KJ6 with respect to accounting records and for the preparation of accounts. The accounts have been prepared in accordance with the provisions applit3bEe to companies SLJbject to the small companies regime. ON BEHALF OF THE BOARD R. Dalton- Chairman Date Pa8e 7 of 11
THE BIZZ (GLOUCESTER) YEAR ENDED 31ST MAY 2023 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POLICIES COMPLIANCE WITH RELEVANT ACCOUNTING STANDARDS ANO STATEMENTS OF RECOMMENDED PRACTICE These financial statements have been prepared in accordance with FR5102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland (issued March 20181 and in accordance with the Statement of Recommended Practice applicable to charities Pfeparing their accounts in accordance with the Finantial Reporting Standard applicable in the UK an(1 the Republic of Ireland IFRS 1021 (issued October 20191. ACCOUNTING CONVENTION These financial statements hève been prepa under the historical c05t convention. GOING CONCERN As there are sufficient reserves and no material uncertainties about the Charity's ability to continue for the foreseeable future, these accounts have been prepared on a going concern basis. KEY SOURCES OF ESTIMATION UNCERTAINTY The trustees are of the opinion that. other than those disclosetl in the notes to these financial statements, no other key sources of estimation uncertainty existed during the reporting period. PRESENTATION CURRENCY The presentation ctjrrenry of these financial statements is £- Pound Sterling- GBP. PUBLIC BENEFIT ENTITY The trustee5 disclose that. as per the Llefinition set out in FRS102 - The Financial Reporting Standard applicable in the UK and the Republic of Ireland. The Bizz (Gloucesterl meets the criteria of a public benefit entity- FUND ACCOUNnNG The charity currently has unrestricted general funds and other restricted funds. Income reteived for Specific purpose5 15 credited to these fund5 in the year to which it relates. Expenditure directly related to these specific purposes bs deducted from the funds as it is recognised. Indirect expenditure is apportioned against these specific funds on the basis of hours of support time incurred. Unspent balances are carried forward to subsequent years within restricted funds. TANGIBLE FIXED ASSErs Depreciation is provided at the following annual rates in orderto write off eath asset over its estrmated useful life. Equipment 33% on cost Page 8 of 11
THE BIZZ (GLOUCESTER) YEAR ENDED 315f MAY 2023 2 MANAGEMENT AND ADMINISTRATION OF CHARITY Unrestrirted Restrirted Total Funds Funds Funds Total Funds 2022 Insurance Professional Fees Computercosts Telephone Printing, Postage & Stationery Human Resources Wages, Pension Costs &Taxation Sundry Expenses Depreciation Trainin8 140 55 67 628 245 307 177 345 374 177 156 2,592 2,621 39) 201 437 505 5.773 1,550 129 345 223 1,611 195 437 1.192 4,581 3 TANGIBIE FIXED ASSETS Furniture & Fittings Equipment Total Cost At Istjune 2022 Additions Disposals At 31st May 2023 1.230 241 241 1.471 1.471 Accumulated De At 1st June 2022 Charge Eliminated on disposal At 3tst May 2023 Teaation 223 437 223 437 Net Bookvalue At 31st May 2023 At 1st June 2022 811 811 Page 9 of 11
THE BIZZ (GLOUCESTER) YEAR ENDED 31ST MAY 2023 4 SHARE CAPITAL The company does not have a share capital as it is limited by guarantee. Each member is a Buarantor to the extent of £10 in the event of the company being wound up whilst they are a member. or within one year of them ceasing to be member5 in respect of debt5 ond liobilit*s contracte(J before they ceased to be a member. 5 ANALY515 OF ASSETS AND LIABIUTIES BEfwEEN FUNDS Unresricted Restritted Funds Funds Total Funds Cash at bank and in hand Trade debtors Prepayments Fixed Assets Trade Creditors 11,311 18.378 6.353 29,689 6.353 742 811 1151 37.580 742 811 1151 12,038 25.542 Page 10 of 11
6 AI4ALYS1SOF FUNDS Educat[ YPknNeed Meda Meniorfry r5Ps Subioiaf fjene Total e • * tstjufiè >)22 *478 .23.285 4548 I75 751 L313 &L67 Expenditu$ 134.(631 12531 11.8%> 13Q2121 I> 136.4201 Transfers Movement duringthe year L742 IL.7881 8.642 Lli 9.747 Balan asat 3ts1 Zltsy 4n4 SL927 S.6S4 a7. Page ILof IX