REGISTERED NUMBER: 03774011 (ENGLAND AND WALES) REPORT OF THE DIREcfoRS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" MAY 2024 FOR THE BIZZ (GLOUCESTER)
THE BIZZ IGLOUCESTER) ST YEAR ENDED 31 MAY 2024 CONTENTS OF THE FINANCIAL STATEMENTS COMPANY INFORMATION ...................... INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF THE BIZZ {GLOUCESTERI.......................... REPORT OF THE DIRECTORS...........................................................................................................................................,.. STATEMENT OF FINANCIAL ACTIVITIES............................................................................................................................. BALANCE SHEET.................................. .... ........-............................................................................................................... NOTES TO THE FINANCIAL STATEMENTS............................................................................................................ ACCOUNTING POLICIES. MANAGEMENT AND ADMINISTRATION OF CHARITY.................................... TANGIBLE FIXED ASSET5........................................................................................................................................ SHARE CAPITAL.. ...................... .10 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS................................................................................... 10 ANALYSIS OF FUNDS......................... ............................................................. .................................................... li
THE BIZZ IGLOUCESTER) ST YEAR ENDED 31 MAY 2024 COMPANY INFORMATION Director5 and Trustees: Mr R Dalton Mrs S Dalton MrsNHo Secretary: MrsNHo Registered Office: 38 Hucclecote Road Hucclecote Gloucester GL3 3RS Registered Number.. 03774011 (England and Wales) Bankers: Natwest Bank plc 21 E35t8ate Street Gloucester GLI INY
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF THE BIZZ (GLOUCESTER) I report on the accounts of the Company for the year ended 31st May 2024, which are set out in the annexed pages. Respective responsibilities of trustees and examiner As the company's dirertors and trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of Section 14412} of the Charities Act 2011 {the Act) doe5 not apply. It Is my responsibility to state, on the basis of procedure5 specified in the General Directions given by the Charity Commissioners under section 14515llbl of the Act, whether particular matters have come to my attention. Basis of independeirt examinerfs report My examination was carried out in accordance with the General Directions given by the Charlty Commissioners. 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 explarsations from you as trustees concerning any such matters. The procedures undertaken do r¢ot provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs ststement In connection with my examination, no matter has come to my attention; which gives me reasonable cause to believe that in any material respect the requirement5 to keep accounting records in accordance with section 41 of the Act: and to prepare accounts which accord with the accounttng records and to comply with the accounting requirements of the Act have not been met." or 21 to which. in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. FCA. D N Riley FCA Suite 4 10112 The Grove Ilklev West Yorkshire artered Accountant Date
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 REPORT OF THE DIRECTORS The directors present their report and the financial statements for the year ended 31 May 2024. 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 UK and the Republic of Ireland IFRS 1021 (issued October 2019). PRINCIPAL AcfiviTIES AND OBJECTIVES The company is a registered charity as approved by the Charity Commissioners. Registration Number 1079707, under the Charities Act 2011. The Bizz {Gloucesterl provides mentoring support and education for young people, and emergency aid to those in crisis. It is 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 self-esteem, low confidence and social or educational disadvantage to access opportunities for training, education. employment and personal 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 £34,776 resulting in an overall surplus of £3,087. The directors are of the opinion that the financial position of the fund5 15 satisfactory and anticipate no difficulty in meetin8 the obligations of the company. The Bizz (Gloucesterl is controlled and managed by the directors. who are also trustees forthe purpose of the Charities Act 2011. THE DIREcfoRS 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 capital interest in, the company's affairs. AUDITORS AND INDEPENDENT EXAMINERS The company 15 taking advantage of the Companies Act 2006 (Audit Exemptionl Regulations (sections 476 and 477 of the Companie5 Act 2006) and, as the compan¢s gross income is below £250,000 for the year ended 31" May 2024, is therefore exempt from the obligation to appoint auditors. This report has been prepared in accordance with the provisions applicable to companies subject to the Small Companies Regime in accordance with the Companies Act 2006. As the gross income of the charity for the year exceeded £25,OQKI, the directors have appointed an independent examiner to examine the accounts. in line with their obligations. ON BEHALF OF THE BOARD R. Dalton- Chairman Date
THE BIZZ {GLOUCESTER) YEAR ENDED 31" MAY 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" MAY 2024 Unrestrirted Restricted Funds Funds Total Funds Total Funds 2023 Income Donations Received Charitable Activities Grants Received Investments Other Total Income 4.725 126 29.484 4,851 29,484 3,135 42,859 441 441 173 5.166 29.610 34.776 46,167 Expenditure Direct Charitable Expenditure Management and Administration of Charitv Total Expenditure 38 400 438 23,061 8,190 31.251 23,099 8,590 31,689 30,647 5.773 36,420 Transfers between Funds Surplus/(Deficit) 4.728 {1,641 3.087 9,747 Total funds brought forward as at 1st June 2023 11,311 26.269 37.580 27,833 Total funds carried forward as at 31st May 2024 16.039 24.628 40,667 37,580
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 BALANCE SHEET ST AS AT 31 MAY 2024 REGISTERED NUMBER: 03774011 (ENGLAND AND WALES) 2024 2023 Fixed Assets Tangible Fixed Assets 321 811 811 321 Current Assets Cash at bank and in h3nd Trade Debtors 35,840 3,986 796 29.689 6,353 742 Prepayments Other Debtors 40,622 36.784 Current Liabilities Trade Creditors Accruals 36 240 276 15 15 Net Current Assets 40.346 36.769 Net Asset5 40,667 37,580 Reserves Funds brought Forward Surplus/lDeficit) Total Reserves 37,580 3,087 40,667 27,833 9,747 37,580 For the year ended 31. May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members 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 2IX)6 with respect to accounting records and for the preparation of accounts. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ON BEHALF OF THE BOARD R. Dalton- Chairman Date
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POLICIES COMPLIANCE WITH RELEVANT ACCOUNTING STANDARDS AND STATEMENTS OF RECOMMENDED PRACTICE These financial statements have been prepared in accordance with FRS102 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 li55ued October 2019). ACCOUNTING CONVENTION These financial statements have been prepared under the historical cost convention. GOING CONCERN As there are sufficient reserves and no material uncertainties about the Charivs 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 disclosed in the notes to these financial Statements, no other key sources of estimation uncertainty existed during the reporting period. PRESENTATION CURRENCY The presentation currency of these financial statements is £- Pound Sterlin8- GBP. PUBLIC BENEFIT ENTITY The trustees disclose that. as per the definition set out in FRS102 - The Financial Reporting Standard applicable in the UK and the Republic of Ireland, The Bizz (Gloucester) meets the criteria of a public benef it entity. FUND ACCOUNTING The charity currently has unrestricted general funds and other restricted funds. Income received for specific purposes is credited to these funds in the year to which it relates. Expenditure directly related to these specific purposes is 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 ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment 33% on cost
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 2 MANAGEMENT AND ADMINISTRATION OF CHARITY Unrestricted Restricted Funds Funds Total Funds Total Funds 2023 Insurance Professional Fees Computer Costs Telephone Printing, Postage & Stationery Human Resources Wages. Pension Costs & Taxation Sundry Expenses Depreciation Training Return of Grant Funding 90 48 814 192 175 904 240 219 768 300 374 126 126 177 30 792 38 990 198 2,621 390 201 437 505 24 72 24 84 12 490 490 270 270 5.205 8.190 5,205 8.590 5.773 3 TANGIBLE FIXED ASSETS Equipment Total Cost At 1st June 2023 Additions Disposals At 31st May 2024 1,471 1.471 1,471 1.471 Accumulated De At Istjune 2023 Charge Eliminated on disposal At 31st May 2024 reciation 490 1.150 1, 150 Net Book Value At 31st May 2024 At 1st June 2023 321 321 811 811
THE BIZZ (GLOUCESTER) ST YEAR ENDED 31 MAY 2024 4 SHARE CAPITAL The company does not have a share capital as it is limited by guarantee. Each member is a guarantor to the extent of £10 in the event of the cornpany being wound up whilst they are a member, or within one year of them ceasing to be members in respect of debts and liabilities contracted before they ceased to be a member. 5 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS Unresflrted Restricted Funds Funds Total Fund5 Cash at bank and in hand Trade debtors Prepayments Fixed Assets Trade Creditors Accruals 23,595 12,245 3.986 35,840 3.986 796 321 1361 12401 40,667 796 321 (361 1481 24.628 11921 16.039