## **Annual Charity Report 2021/22 www.boo-charity.org.uk**
## **Introduction**
We are delighted to present the annual charity report for Boo Charity, showcasing the remarkable achievements and impact made possible by the generous contributions and support received for the year ending 30th June 2022. With a total income of £81,808 raised through the Boo Charity Ball, Charity Golf Day, Cycle Ride, and General sponsorship or donor income, we were able to make a substantial difference in the lives of those in need. With income higher than expenditure, we ended the year with a surplus of funds compared to previous years. Student intake and participation was impacted due to the effects of the COVID pandemic, however towards the close of the year end we could see a significant increase in students and children returning to our projects.
## **Mission and Vision**
Boo Charity is dedicated to improving the lives of underprivileged children living in poverty within Kenya. Our mission is to provide access to education, healthcare, and social support, empowering individuals to break the cycle of poverty and build a brighter future. We envision a world where every child could thrive, regardless of their background or circumstances.
## **Boo Project Expenditure and Achievements in 2021/22**
## **1. Nyamache – “Life Skills” - Project**
This Boo project is a wholly owned, fully funded life skills training college based in northwest Kenya, which provides life skills training in dressmaking, tailoring, hairdressing, welding & fabrication, business IT and agriculture. We provide all the provisions for this project including teachers, materials, utilities, food, learning provisions. The training is provided in line with Kenya government recognised skills certification standards where students graduate with skills certification to support onward job prospects. During this period 57 students graduated which was very low compared to pre-pandemic levels but towards mid 2022 we had seen a notable increase in students with expected full recovery of student number by mid 2023
Total funds towards this projected for the period amounted to £24,673
## **2. Nyamwanga & Busire – “Early Childhood Development” Project**
Both projects are in a proximity of one another in northern Kenya towards the Uganda boarder. In each project we support the provisions of food, teachers, and teaching materials for the youngest and most disadvantaged children in this heavily impoverished rural area. The two schools combined have over 2,800 children, our support assists around 394 children. We continually find that a consistent food source is the root cause of many issues and manifests into health and learning difficulties which if not tackled, children simply do not have the energy to get to school causing serious learning difficulties.
Total funds towards this projected for the period amounted to £4,965
## **3. Kibera Kimta - “Early Childhood Development” Project**
Project situated in the heart of Kibera on the outskirts of Nairobi City. We support the provisions of food, teachers, and teaching materials to support the youngest and most disadvantaged children in this densely populated area. The school has 78 children in preschool and 120 children in an afterschool program which assists with homework learning, providing a safe and quiet place for children to focus and have the support of teachers. Our support focuses on children most at risk and in need, some are orphaned and looked after by extended family or other community members. Children benefit from a guaranteed source of daily food, provisions of teaching and mentorship throughout their young lives.
Total funds towards this projected for the period amounted to £4,137
## **4. Kibera Kimta - “Football Project”**
This project supports a tournament which is played during the school holidays enabling a very large participant group of over 1,000 children annually. The focus of football is combined with counselling and mentorship for both boys and girls. It helps with cohesion in the community, providing children with direct emotional and life counselling support. Returning teenage children and young adults who have benefited from time at Kimta, assist in voluntarily support at these events.
The tournament spans some 6 weeks of the holiday period which is often a time when children are highly vulnerable to negative influences within the harsh environment. The COVID pandemic prevented this from taking place during this period but anticipation of returning in late 2022.
## **Acknowledgments**
We extend our heartfelt gratitude to all the donors, sponsors, volunteers, and partners who made our work possible in 2021/22. Your unwavering support has transformed young lives and created lasting positive change in communities of Kenya. Together, we are making a difference.
## **Financial Summary:**
|**Financial Summary:**||
|---|---|
|**Income:**||
|Boo Charity Ball:|£34,917|
|Charity Golf Day:|£18,929|
|Child Sponsorship:|£ 4,600|
|Direct Project Sponsorship:|£ 4,800|
|General Donor funds:|£18,562|
|**Total Income:**|**£81,808**|
|**Expenditure:**|||
|---|---|---|
|Nyamache:|£24,673||
|Nyamwanga ECD:|£ 2,482||
|Busire ECD:|£ 2,482||
|Kimta ECD:|£ 4,137||
|Kimta Football:|£|(Not held in 2021/22)|
|Direct Child Sponsorship:|£ 3,743||
|Boo Kenya Organisation:|£ 4,262||
|**Kenya Related Expenditure:**|**£41,782**||
|**UK Event Related Expenditure:**|**£10,648**||
## **Conclusion:**
In 2022, Boo Charity's impact was made possible by the collective compassion and dedication of our supporters. As we move forward, we remain committed to our mission, striving to create a better world for all. Thank you for being a part of our journey and for helping us write stories of hope and transformation.
Your continued support is crucial in enabling us to reach more children and communities in need. To contribute or volunteer, please visit our website www.boo-charity.org.uk or contact us at info@boocharity.org.uk.
Warm regards,
Russell Hicks Trustee - Boo Charity
Website: www.boo-charity.org.uk Email: info@boo-charity.org.uk Phone: 07816585469
Address: C/O The Original Gauge Co Ltd Unit 4, Nova Business Park Gore Road Ind Estate New Milton Hants BH256SA
Charity No. 1100519 (England and Wales)
## **Boo Charity**
**Report and Financial Statements** Year ended 30 June 2022
Charity No: 1100519
## **Boo Charity**
## **Contents**
||Page|
|---|---|
|Legal and administration information|1|
|Report of the trustees|2-3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes forming part of the financial statements|7-11|
## **Boo Charity**
## **Legal and administrative information**
|**Trustees**|Mr S White|(Chairman)|
|---|---|---|
||Mrl Price||
||Mr J Gill||
||Ms L Squires||
||Ms J Kendall||
||Mr R J Hicks||
|**Treasurer**|Mr L Westfield||
|**Charity number**|1100519||
|**Principle address**|Unit 4||
||Nova Business Park||
||Gore Road Industrial|Estate|
||BH25 6SA||
|**Accountant**|Azets Limited||
||37 Commercial Road||
||Poole||
||Dorset||
||BH14 OHU||
Page 1
Boo Charity
## **Report of the Trustees**
For the year ended 30 June 2022
The Trustees submit their annua! report and the financial statements for the year ended 30 June 2022.
## **Structure, governance and management**
A Trust Deed governs the Charity.
Boo Charity is an unincorporated Charity.
The trustees who held office during the year and up to the date of signature of the financial statements were as follows:
Mr S White (Chairman)
Mr I Price
Mr J Gill
Ms l Squires
Ms J Kendall
Mr R J Hicks
Mr L Westfield (Treasurer)
Trustees are appointed within the guidelines of our most recent Trust Deed. Trustees are only appointed based on their value, either in terms of experience and/ or skill, that they are able to bring to the progression of our aims and objectives. Trustees are nominated and approved at the Trustees quarterly meetings.
## **Objectives and activities**
Boo Charity is established to raise funds for the support of under privilaged and poverty stricken children in Africa. We have established a working project called 11Seed of Hope[11 ] with Vision Africa. This is a college which has places for up to 120 young girls who are taught life skills to enable them to sustain life once they have been through a two year program of learning.
Page 2
Boo Charity
## Report of the Trustees (continued)
For the year ended 30 June 2022
## **Achievement and performance**
Boo Charity has made a huge impact in the lives of children in Kenya during the period, after a large
increase of funds were seen compared to previous periods.
## **Financial review**
The financial position of Boo Charity at the year ended 30 June 2022 is comparable to the previous
year. The Charity saw a large increase in income as well as a small increase in expenditure. This saw a
increase in surplus funds for the year in comparison to the previous year.
## **Statement of disclosure of information to accountants**
We, the trustees of the charity who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:
- there is no relevant information of which the charity's accountants are unaware; and
we have taken all steps that we ought to have taken as Trustees in order to make
- ourselves aware of any relevant accounting information and to establish that the charity's accountants are aware of that information.
approved by the Board on
Page 3
## Boo Charity
## Independent Examiner's Report
## Report to the Trustees on the preparation of the examined statutory accounts of Boo Charity
## Introduction
We report to the trustees on my examination of the accounts of the above charity for the year ended 30 June 2022.
## Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, l have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
l have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or;
- the accounts do not accord with the accounting records.
- I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Andrew Singleton FCCA For and on behalf of Azets Holdings Limited
37 Commercial Road Poole Dorset BH14 0HU
Date: 7 August 2023
Page 4
## Boo Charity
**Statement of Financial Activities {including summary income and expenditure accounts)** For the year ended 30 June 2022
|**Notes**
**Income Resources**
Charitable activities
Other trading activities
**Training income resources**
**Resources expended**
Raising funds
Charitable activities
Other
Tota! resources expended
**2**
**Net movement in funds**
Fund balance brought forward at
1 July 2021
Fund balance brought forward at
30 June 2022|**Unrestricted**
**Restricted**
**Funds**
£
80,532
80,532
**Funds**
£
1,276
1,276
Total
**2022**
£
81,808
81,808
Total
**2021**
£
21,840
21,840|
|---|---|
||16,362
34,215
577
1,276
16,362
35,491
577
36,740|
||51,154
51,154
29,378
2,555
31,933
1,276
1,276
52,430
52,430
29,378
2,555
31,933
36,740
36,740
14,900
17,455
2,555|
A!I of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
Page 5
## Boo Charity
## Balance sheet
As at 30 June 2022
|Current assets
Debtors
Bank and cash
Total assets
Creditors: amounts falling due within one year
Total assets less current liabilities
Creditors: Amounts falling due after more than one
Total assets less current liabilities
Funds:
Unrestricted funds
Restricted funds
Total funds
Notes
4
6
**7**|2022
£
1,495
30,438
31,933
31,933
31,933
31,933
31,933
31,933|2021
£
9,070
1,985
11,055
11,055
(8,500.00)|
|---|---|---|
|||2,555|
||||
|||2,555
2,555|
|||2,555|
The financial statements were approved by the board of trustees and authorised for issue and are signed on its behalf by:
**----- Start of picture text -----**
Date:
**----- End of picture text -----**
Page 6
## Boo Charity
Notes forming part of the financial statements For the year ended 30 June 2022
## 1) Accounting policies
## 1.1} Basis of preparation
The financial statements have been prepared under the historical cost convention, The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - Charity SORP.
The charity has adapted the Charities Act formats to reflect the special nature of the charity's activities.
## 1.2) Charity status
The charity is unincorporated.
## 1.3) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## 1.4) Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
## 1.5) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Page 7
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
## 1.6) Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash ln hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 1.7) Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charities balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment
Page 8
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
## Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
## De recognition of financial assets
Financia I assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting a!l of its liabilities.
## Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from related parties and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
Page 9
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## 2) Total resources expended
||Other|**Other**|**Total**||
|---|---|---|---|---|
||staff costs|direct|**2022**|**Total 2021**|
||£|£|£|**£**|
|Raising funds|||||
|Charitable activities||51,853|51,853|36,740|
|Other||577|577||
|Total resources expended||52,430|52,430|36,740|
## 3) Related party transactions
The Charity had no related party transactions and balances during the year.
## 4) Debtors
||**2022**|**2021**|
|---|---|---|
||£|£|
|Trade debtors|1,495||
|Other debtors|||
|Prepayments and other accrued income|||
||1,495||
|5} Analysis of cash and cash equivalents|||
||**2022**|**2021**|
||£|£|
|Cash at bank and in hand|30,438||
|Petty cash|||
||30,438||
Page 10
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 6) Creditors: amounts falling due within one year
|Trade creditors
Other taxes and social security
Other creditors
7) Statement of funds
Unrestricted funds
Restricted funds|2021
2,555
2,555|
2022
£
Income
£
80,532
80,532
1,276
Expenditure
£
(49,878)
(49,878)
(1,276)|2021
£
8,500|
|---|---|---|---|
||||
8,500
**2022**
£
33,209
33,209|
|||1,276
(1,276)||
The Genera! reserves represents free funds of the charity which are not designated for particular purposes.
8) Employee numbers
|**2022**|2021|
|---|---|
|£|£|
Average number of employees
Page 11
## **Document Activity Report**
## **Document Sent**
Mon, 07 Aug 2023 14:40:31 GMT
## **Document Activity History**
Document history shows most recent activity first
## **Date**
## **Activity**
You can verify that this is a genuine Portal document by uploading it to the following secure web page:
**http://azets3.accountantspace.co.uk/messages/VerifyDocument**
Charity No. 1100519 (England and Wales)
## **Boo Charity**
**Report and Financial Statements** Year ended 30 June 2022
Charity No: 1100519
## **Boo Charity**
## **Contents**
||Page|
|---|---|
|Legal and administration information|1|
|Report of the trustees|2-3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes forming part of the financial statements|7-11|
## **Boo Charity**
## **Legal and administrative information**
|**Trustees**|Mr S White|(Chairman)|
|---|---|---|
||Mrl Price||
||Mr J Gill||
||Ms L Squires||
||Ms J Kendall||
||Mr R J Hicks||
|**Treasurer**|Mr L Westfield||
|**Charity number**|1100519||
|**Principle address**|Unit 4||
||Nova Business Park||
||Gore Road Industrial|Estate|
||BH25 6SA||
|**Accountant**|Azets Limited||
||37 Commercial Road||
||Poole||
||Dorset||
||BH14 OHU||
Page 1
Boo Charity
## **Report of the Trustees**
For the year ended 30 June 2022
The Trustees submit their annua! report and the financial statements for the year ended 30 June 2022.
## **Structure, governance and management**
A Trust Deed governs the Charity.
Boo Charity is an unincorporated Charity.
The trustees who held office during the year and up to the date of signature of the financial statements were as follows:
Mr S White (Chairman)
Mr I Price
Mr J Gill
Ms l Squires
Ms J Kendall
Mr R J Hicks
Mr L Westfield (Treasurer)
Trustees are appointed within the guidelines of our most recent Trust Deed. Trustees are only appointed based on their value, either in terms of experience and/ or skill, that they are able to bring to the progression of our aims and objectives. Trustees are nominated and approved at the Trustees quarterly meetings.
## **Objectives and activities**
Boo Charity is established to raise funds for the support of under privilaged and poverty stricken children in Africa. We have established a working project called 11Seed of Hope[11 ] with Vision Africa. This is a college which has places for up to 120 young girls who are taught life skills to enable them to sustain life once they have been through a two year program of learning.
Page 2
Boo Charity
## Report of the Trustees (continued)
For the year ended 30 June 2022
## **Achievement and performance**
Boo Charity has made a huge impact in the lives of children in Kenya during the period, after a large
increase of funds were seen compared to previous periods.
## **Financial review**
The financial position of Boo Charity at the year ended 30 June 2022 is comparable to the previous
year. The Charity saw a large increase in income as well as a small increase in expenditure. This saw a
increase in surplus funds for the year in comparison to the previous year.
## **Statement of disclosure of information to accountants**
We, the trustees of the charity who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:
- there is no relevant information of which the charity's accountants are unaware; and
we have taken all steps that we ought to have taken as Trustees in order to make
- ourselves aware of any relevant accounting information and to establish that the charity's accountants are aware of that information.
approved by the Board on
Page 3
## Boo Charity
## Independent Examiner's Report
## Report to the Trustees on the preparation of the examined statutory accounts of Boo Charity
## Introduction
We report to the trustees on my examination of the accounts of the above charity for the year ended 30 June 2022.
## Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, l have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
l have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or;
- the accounts do not accord with the accounting records.
- I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Andrew Singleton FCCA For and on behalf of Azets Holdings Limited
37 Commercial Road Poole Dorset BH14 0HU
Date: 7 August 2023
Page 4
## Boo Charity
**Statement of Financial Activities {including summary income and expenditure accounts)** For the year ended 30 June 2022
|**Notes**
**Income Resources**
Charitable activities
Other trading activities
**Training income resources**
**Resources expended**
Raising funds
Charitable activities
Other
Tota! resources expended
**2**
**Net movement in funds**
Fund balance brought forward at
1 July 2021
Fund balance brought forward at
30 June 2022|**Unrestricted**
**Restricted**
**Funds**
£
80,532
80,532
**Funds**
£
1,276
1,276
Total
**2022**
£
81,808
81,808
Total
**2021**
£
21,840
21,840|
|---|---|
||16,362
34,215
577
1,276
16,362
35,491
577
36,740|
||51,154
51,154
29,378
2,555
31,933
1,276
1,276
52,430
52,430
29,378
2,555
31,933
36,740
36,740
14,900
17,455
2,555|
A!I of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
Page 5
## Boo Charity
## Balance sheet
As at 30 June 2022
|Current assets
Debtors
Bank and cash
Total assets
Creditors: amounts falling due within one year
Total assets less current liabilities
Creditors: Amounts falling due after more than one
Total assets less current liabilities
Funds:
Unrestricted funds
Restricted funds
Total funds
Notes
4
6
**7**|2022
£
1,495
30,438
31,933
31,933
31,933
31,933
31,933
31,933|2021
£
9,070
1,985
11,055
11,055
(8,500.00)|
|---|---|---|
|||2,555|
||||
|||2,555
2,555|
|||2,555|
The financial statements were approved by the board of trustees and authorised for issue and are signed on its behalf by:
**----- Start of picture text -----**
Date:
**----- End of picture text -----**
Page 6
## Boo Charity
Notes forming part of the financial statements For the year ended 30 June 2022
## 1) Accounting policies
## 1.1} Basis of preparation
The financial statements have been prepared under the historical cost convention, The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - Charity SORP.
The charity has adapted the Charities Act formats to reflect the special nature of the charity's activities.
## 1.2) Charity status
The charity is unincorporated.
## 1.3) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## 1.4) Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
## 1.5) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Page 7
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
## 1.6) Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash ln hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 1.7) Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charities balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment
Page 8
## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
## Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
## De recognition of financial assets
Financia I assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting a!l of its liabilities.
## Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from related parties and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
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## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 1) Accounting policies (continued)
If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## 2) Total resources expended
||Other|**Other**|**Total**||
|---|---|---|---|---|
||staff costs|direct|**2022**|**Total 2021**|
||£|£|£|**£**|
|Raising funds|||||
|Charitable activities||51,853|51,853|36,740|
|Other||577|577||
|Total resources expended||52,430|52,430|36,740|
## 3) Related party transactions
The Charity had no related party transactions and balances during the year.
## 4) Debtors
||**2022**|**2021**|
|---|---|---|
||£|£|
|Trade debtors|1,495||
|Other debtors|||
|Prepayments and other accrued income|||
||1,495||
|5} Analysis of cash and cash equivalents|||
||**2022**|**2021**|
||£|£|
|Cash at bank and in hand|30,438||
|Petty cash|||
||30,438||
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## Boo Charity
Notes forming part of the financial statements (continued) For the year ended 30 June 2022
## 6) Creditors: amounts falling due within one year
|Trade creditors
Other taxes and social security
Other creditors
7) Statement of funds
Unrestricted funds
Restricted funds|2021
2,555
2,555|
2022
£
Income
£
80,532
80,532
1,276
Expenditure
£
(49,878)
(49,878)
(1,276)|2021
£
8,500|
|---|---|---|---|
||||
8,500
**2022**
£
33,209
33,209|
|||1,276
(1,276)||
The Genera! reserves represents free funds of the charity which are not designated for particular purposes.
8) Employee numbers
|**2022**|2021|
|---|---|
|£|£|
Average number of employees
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