Registered company number 06306643 Registered chartty number 1121699 The Boaz Trust Hampshire Limited Report and Unaudited Financial Statements 30 June 2024 The Boaz Trust Hampshire Limited Financlal Statements Contents for the year ended 30 June 2024 Page Chairman's Report Report of the Trnstees Independent Examiners's Report ststement of Financial Activities >8 10 Balance sheet 11 Notes to the accounts 12-19 The Boaz Trust Hampshire Limited Chalrman's Report for the year ended 30 June 2024 For the financial year, which began on 1 July 2023, Project has continued to run under its usual financial arrangements with a mixture of Hampshire County Council {HCC) funded and privately funded members. We were grateful lo receive an uplrft in fees of 5.5% from HCC in April 2024 helping to recover a little of the underfunding of inflation in previous years. However, as 8Eways. control of expenditure and costs rem8ins critical to the successful running of the Project in providing the range of activities, with the focus on horiicufture. for our members. l am dèlighted to rèport that as of January 2024 we have renewed the lease on our sits and buildings for another seven years under a peppercorn rent agreed with our landlord Dr Masson. As always. we rémain thankful for his continuing generous support of the Project. The service was open 4 days a week {dosed on Tuesday to members). As previously mentioned. we have continued to look at ways to increase our Capacity and l am pleased to report we now offer 128 member sessions 8ach week and are ajrrenly operating in excess of 90% capacity. We will continue to look al ways to increase our capacity and services as demand remains high for the day serviGe. Significant challenges ￿main in the Ca￿ sector. in particular the supply of care or support workers and this has impacted potential n8w members coming to Boaz and in some sad cases having lo leave thè Project. However, I do wish to record my appreciation of the relationship we have wsth HCC as we understand our service is valued and supported within the ODeralinq constraints of HCC. We remain 81 heart a horticullural project offering. in addition. animal husbandry, craft, kitchen, and woodwork activitiés. As always, we are hugely indebted to our volunteer group. now dose to 85 in number. Throughout the months of Feb to June last year we attended numerous fundraising events outside of Boaz, as well as hosting our Barn Dan¢e. Golf Day. Quiz Night and Open Day. As a ￿sU11 of all this hard work, enquiries from new volunteers have remained constant, with an average of 3 new fantastic faces joining our volunte8r family each month. In addition lo our steadily expanding team of volunteers, who do a wonderful job week in week out at Boaz, we also hosted teams of corporate volunteers from Virgin Media. SimplyHeallh. Vodafone, Tesco and KPMG. We have maintained and developed our links with the Universty of Winchester. This meant we welcomed another Social Work Student. this time on their Bachelors Degree programme, for a placemenl. We hope to grow our relalionship with Uow further and be able to offer more placement In future. The 2 flocks of chickens continue lo provide our most ragular source of income through egg sales and our redesigned chicken sheds and houses are working very well. The small flock of sheep, guine8 pigs and donkeys complete our animal family. Lapital Improvement work this year tocused on upgraoing our knilet tacillbes and a¢Jalng a new workshop area as well as waterproofing the gable end of our main bam. This was mainly made possible thanks to substantial grants from Test Valley Borough Council. the National Lottery and the Three Johns Trust. We are most grateful to these and all of our donors. The main indoor area of the bam has been refioored to provide a level surface enabling our less mobile members to have much safer passage and upgrades to the heating and the electricity circuits have resulted in a significantly improved indoor working space for our craft and plenary activities. The focus next year will be on an Uk¥Jrade to our kitchen facilities subject to attracting suitable funds. Stsff, very ably led by our full time Project fflanager. arwj consisling of fvll and part time employees have continued lo provide excellent guidance and support to members. We operated half of the year wilhoul a deputy manager as re(xuilment. now complete. proved challenging. It is a tribute to all employees and volunteers that we continued to provide our normal service despite stsffing shortages. We maintained the offer of healthy meals at lunch time for members to enjoy along with staff and volunteers. Horticultural activities. managed by a full-time leader. continued to thrive. Craft and woo¢thvork, well managed by designated leaders. provide altemative and popular activities to our core horticulture and other"outside" activities such as animal husbandry, egg colleclbon, cleaning and composting along with the daily donkey walk Our refreshed logo, tidy website and improved F8￿boOk Paoe continues to provKle an improved and modern look for the charity. We held another very successful Charity Golf Day in May. We remain grateful to all the corporate and local sponsors have supported us this year including Simply Health. RJM International. UK Power Nefvth Services, Pole to PoEe Marquee and others. Boaz held its annual carol serwice and nativty in December in an open sTrded marquee with support from the Barton Stacey village choir and the Salvation Amiy band from Andover. We also had a very successful OpenlPlant Sale Day in May. Membets. staff and volunteers enjoyed our annual trip to Paulton's Park in SeptembeT. In October we held the annual Fun Run around the site and adjoining land. Thanks are due to Muddy Runners for their help in running this event. Alas that partnership is now ended bul we hope lo continue the run and build on their legacy. I shall be stepping down as Chair next year but intend to remain a trustee. I wish to record my personal thanks lo my fellow Board members. staff and volunteers lor the dedicab'on shown in providing th8ir expertise and commitment to our charity. 11 is very humbling and rewarding lo se8 the benefit Ihat the membérs and their families derive from attendance at Boaz. Roger Lo er Chairman of Trustees December 2024 The Boaz Trust Hampshire Llmited Report of the Trustees for the year ended 30 June 2024 The trustees who are also directors of Ihe charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accLsunts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 102. effective 1 January 2019 (Charities SORP {FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Irèland {FRS 102) and the Companies Act 2006. OBJECTIVES AND ACTNMES The objects as defined in the memorandum of association are: To advance the educats'on of those members of the general public who have leamlng disabilities by giving an opportunity for training. work &xperiance and employment in agriculture, horticultur8 and related subjects so that such persons can develop their physical, rnentsl and spirttual Capacities in a supportive Christian environment and grow lo full maturity a5 individuals and members of society and improve their conditions of lrfe. The aims of the charty are also expressed in a mission statement as.. The Boaz Project exists lo provide an excellent horticultural facility with related work opportunities al which adults with learning disabilities may come together lo be valued and productive. Its purpos8 is to give dignity and confidence in a happy. safe and supportive environment enabling greater in¥Jependen¢e, social inclusion and employability. The Project's Chrisban ethos seeks to address the whole person, body, mind and spirit, aiming to release qnd fealise each person's full human potential lo the glory of God. The people who attend 8oaz are called members. Members are adults with learning disabilities of any sort who may also have emotional. mental health and l or physical disabilities. The project is open to people of any or no faith. Boaz is open to members 4 days a week. the frfth day remains used by staff ft)r plannlng and preparation. During the time Boaz was open during thé year there were about 38 mernb8rs. The ongoing productive base is primarily horticulture. small scale animal husbandry, crafts and provisions. The types of indoor and outdoor work vary according to the weather and seasons of the vear. The crops grown and olher work are simple. chosen to compete on price and quality in the opèn market and sold lo retailers. markets. fayres I rural shows and churches. The crops a￿ also used to be included in the lunches for members and volunteers during the week, providing healthy food for one and all. Staff and volunteèr levds and ratios are geared to the ty￿$ of work or actNities available, the nature of disabilities and Supe￿iS1on needs of members. The Boaz Trust Hampshire Limited Report of the Trustees for the year ended 30 June 2024 Specific objectives for the year under review were: 1. to maintain and develop the facilities 2. to maintain and develop the programme for members 3. to provide a qualty facilty where members can develop physicalty. mentally and spiritually in supportive Christian environment In planning our activitses for the year ￿ kept in mind the Charity Commission's guidanc8 on public benefit at our trustee meetings. We seek to make BOAZ an attractive option for any adults Nwth leaming disabilities by reviewing and broadening the range ol activities we offer. ACHIEVEMENT AND PERFORMANCE 1. A task skills structure is in place and mèmber's progress is recorded daily with thelr input. This and th6 prèviously Introduced irKlividual profiles and risk assessments form a sound basis for regular review meetings membèrs and their guardiarvcarers. 2.we have continued with the dèdslon not to Introduce external res¢)urces for educatklnal lifelong reaming. 3. Llveslock. The members enjoy cariro ftjr chickens, lambs. donkeys and guinea pigs. 4. The decision not to open for a fffth day was r8confim)ed. This continues to impact on potential revenue but allows us lo manage Ihe project professionally, arHJ offer the besl F)ossib18 SUPPOrt to our members. 5. The horticulture plan continues to see an expansion in the garden. Crops are sokl when haNested and included in the production of jams and chutney. Lunches are now offered to members, volunteers and visltors endeavouring to IncoTP)rale Boaz home grown fresh produc& where posslble. A donation is suggested to help pay for these lunches. 6. Woodwork and arts and crafts activities have continued. Al woodworking and arts and crafts projects have proved very popular with members and contribute to our income. The provision of engineenng projects has not been undertaken this year. 7. Activities in the kitchen have produced an ever greater varlety and quantity of preserves and produce and lunches for the Members and Volunteers. 8. Management accounts are improved to show monthty progress against budget in¢luding depreciation. Accounts are considered quarterfy by the trustees. Contractual nolice periods are in place for Ioc818Uthorities and members. 9. Maintenance of the slte has been und&rtaken and we continue io look at making thg bost use of the space available. 10. Land and Buildings. New automated toilets have been in5tall8d. The roof of the bam has been waterproofed. The roof al the front of the property has been rebuilt and has been extended to provide a covered veranda. The Boaz Trust Hampshire Limited Report of the Trustees for the year ended 30 June 2024 FINANCIAL REVIEW Our aim is for.. - income from goods produced by members to cover the costs of prc*Juction fee income to cover salaries and recurring expenses - capital expenditure and new devel¢Jpment costs to be met by fundraising. grants and reserv8S. In the period under revievr. Th8 r8suIts show a surplus of £33.842 before a gain on the revalualion of assets of £13,141. This was mainly due to an increase in the number of members but was greatly helped by the generosity of many people. Hampshire County Council decided on an increase in Boaz's fees from 1st April 2024 of S.5°k which helped recover a little of the underfunding of inflation based increases in previous years. Boaz is therefore much more reliant on donations. grants and fund-raising evenls. Boaz has built-up reserves to enable It to withstsnd any short term future increase in fees by HCC below the rale of inflation. Boaz has a lease on the propety that il occupies at Hlll Farn, Sutton Scolney, Wlnchester. The lease is for a peppercom rent. The lease commenced on the 8th January 2024 and is for 7 years. The Trus18es consider this to be a donated facility and eslimate that the rental value of the land and buildings o¢Gupied would be at least £10.000. The donated facility has not been included in the Statem6nt of Financial Aclivilies on the basis thal this value is only a best estimat8 by th8 Trustees and to obtain an accurate value the charity would need to incur addibonal costs lo engage a suNeyor lo undertake a professional valuation. Boaz received generous grants from the National Lottery. Beniley Advancing Life Chances. the Three John's Trust, HCC grant Household Support Fund and Magic LFttIe. We continue lo work with our group of dedicated volunteers and their contribution enables us to maintain the fees at affordable rates as well as allowing Ihe memberlslaff (including volunteers) ratio to be kept al levels which benefit members with more individual attention. PLANS FOR FUTURE PERIODS The trustees have decided that Ihe Obl￿tiveS for the future should remain as those adopted for the year ended 30 Juno 2024: 1. To maintain and develop the facility 2. To maintain and develop the programme for members 3. To provide a quality facility where members Can develop physically. mentslly and spiritually In a supportive Christian enviionment The Boaz Trust Hampshire Limited R8POrt of the Trustees for the year ended 30 June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢um8nt The charity is controlled by its goveming document, a deed of trusL and o)nstitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. The charity is a Company limited by guarantee with no share capital and has 7 trustees governed by.. 1. a Foundation Document as to what it seeks to do. location. management. valuès, staffing, who benefits, productive base. community liaison and financlal strategy 2. the Memorandum and Articles of Asso¢iab"on 3. opgr2tional policies, such as the Safeguarding of Vulnerable Adults 4. the agreed annual Budget. We hav8 a designated Structure Plan from the board through to stsff and volunteers showing reporting, advicellechnical and appeal lines. Organlsatlonal structure A quorum remains as five. Apart from the offices of chair, secretary and treasurer, one trustee is responsible as line manager for staff. Day-to4ay operational responsibility and financlal control within budget is delegatèd to a full time and 8 deputy manager. one horti(#Jltural manager & six part-time staff as defined in their job specifications. Volunteers Contribute around 3.8 full time equivalents per week working alongside people with leaming disabilities. The financial benefit of this is estimated at a minimum of £109.500. The volunteers provide great service lo BOAZ enabling members to have 1 to 1 assislan¢e at many times and enable us to hotd our fe8s al a subsidised level. The trustees meet every three months with a progresslactlvitiesfissues report from the manager in allendance and a monthly l year lo dale financial report. This frequency of meeting and the detailed reports have enabled the truste05 to keep In mlnd Ihe Charity Commission's guidance on public benefil. Inductlon and tralnlng of new tnjstees Training of trustees is reviewed regularly and courses are undertaken as appropnale. Rl$k management The trustees hav8 id8ntif18d the major risks to which the chanty is exposed and operational policies, systems and procedures are in place to manage those risks and, where appropriate, insurances purchased. The Boaz Trust Hampshire Limited Report of the Trustees for the year ended 30 June 2024 REFERENCE ANO ADMINISTRATIVE o￿AlL8 Registered Company number 06306643 (England and Wales) Reglsterad Charity numbor 1121699 Reglstorad office Hlll Farm Sutton Scolney Win¢hest8r Hampshire S021 3NT Trustees The trusle8s. all of whom seN8d throughout the year unless indic8t&d otherwise, are.. Gordon Masson Isla Masson Roger Loader ChaiThan Elizabeth Howlett Hall Vincent Smith Hugo Deschampsneuls Treasurer and Company Secrelary lan Coulter Company Secretary Hugo Deschampsneufs Independent Examiner Ken Slrallon FMMT Kimb811 Smith Limited Brewery House High Street Twyford Winchester S021 1RG Bankers Natwesl 105 High Street Winchester Hampshire S023 9AW The Boaz Trust Hampshire Limited Report of the Trustees for the year ended 30 June 2024 The chartty operales locally under the name The Boaz Project and is also known simply as Boaz. Day to day man8gement of The Boaz Project has been delegated to the manager of the project. Stuart Palmer. Thls report has been prepared in accordance with the speclal provisions of Part 15 of the Companies Ad 2006 relating to small companies. Approved by order of the l)oard of trustees on 11 February 2025 and sign8d on Its behalf by: ON BEHALF OF THE BOARD . Hd4 Professor Elizabeth Anne Hovlett Hall Independent Examinerfs Report to the Trustees of The Boaz Trust Hampshire Llmlted on the financlal statements for the year ended 30 June 2024 set out on pages 10- 19 The charitvs trustses ar8 responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (1he Charities Acl") and that an independent examination is needed and l am qualified to undertake the 8xamination by being a qualified member of the association of accounting technicians. It is my responsibility to.. examine the accounts under secti¢)n 145 of Ihe Charities Act. lo follow the procedures laid down in the G8n8ral Directions given by the Charity Commission {under section 145151{bl of th8 Charili8s ACL and lo stste whether parlicular matters have come to my attent￿n. 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 th8 charity and 8 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 prowlures undertaken do not wovide 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. In connectlon with my examlnation, no matter has tt)me to my attention which gives me reasonable cause to believe that in. any material respect, the requirements". to k8ep accounting records in accordance with section 130 of the Charities Act., and to prepare accounts which accord with the aco)unting records and comply with the accounting requirements of the Charities Act have not been met., or 2. to which, in my opinion, attention should be dr8wn in order to enable a proper understanding of the accounts to be reached. Kenneth John Stratton FMAAT Kimball Smith Limited Brewery House High Street Tword Winchester S021 1RG Date.. lols The Boaz Trust Hampshire Limited Statement of Financial Activities for the year ended 30 June 2024 Ilncorpor81ing an Income and Expendliure Accoun1} 2024 Totsl funds 2023 Total funds Unrestricted Rostrl¢t•d Notes In¢ome Voluntary Income: Donations and legaci9S Fundraising Charltablg a¢tlvltlos: Fees Goods produced by membors Grants Investment Income 33.771 15.850 11.083 44,854 15.850 39,131 9.791 215.316 14.775 215.316 14,775 29.558 1,889 186.524 15.412 16,221 1.978 29.558 1.889 Total Income 281.601 40,641 322.242 269.057 Expendlture on: Fundralslng Charltabl8 actlvltles: Member activities Goods pri*uced by mombers Total Expendlturo 3.703 3,703 2.092 232.676 11.380 247.759 50.61S 1,135 51,750 283.291 12.515 299.509 249.754 13.917 265.763 Net Incomo 33.842 11.109 22,733 3.294 Transfers between funds 11 Gainlllos5) on revaluation ol Investment assets 13,141 13.141 6,824 Ngt m0￿m￿nt In funds 46.983 11.109 10.118 Recon¢lllatlon of funds Total funds brought forwar¢i 372,448 15,548 387,996 377.878 Total funds carrled forward 419.431 4.439 423,870 387.996 10 The Boaz TNst Hampshlre Umfted Reglstered number: 06306643 Balance Sheet as at 30 June 2024 2024 Total funds 2023 Totsl funds Unrestricted Restricted Notes Flxed assets Tangible assets Investments 87.019 129,053 216.072 87.019 129,053 216.072 67.226 11S.912 183.138 Current assets Stocks Debtor5 Cash at bank and In hand 100 23.732 210,187 234.019 100 23.732 214.626 238,458 100 21,000 196,564 4.439 Credhors.. amounts falllng due wlthln one year 10 130,6801 {30,660> {12.8061 Net current assets 203.359 4.439 207,798 204.858 Not assets 419.431 4,439 423.870 387.996 Funds of tho Charlty Unrestricted funds: Gener81 fund Rovaluation rgserve 11 354,378 65,053 419.431 4,439 320.536 51,912 372.448 15.548 Re$trlctod funds Total funds 423,870 387,996 Thè charllablè company is entitleij to exemption from audit under S8Ction 477 of the Companles Act 2006 for the year ended 30 June 2024. The members have not required Iho charitable ¢omp8ny to obtsin an audit in a¢¢ordance with sectton 476 of the Acl. The trustees acknowledge their responsibilities for complwng with the requirements of the Companies A¢1 2006 with respect to accounting records and the preparation of aceounts. The accounts have been Pfèpargd and delivered in ¥c￿rdanCe with the Special provisions applicable to companies subject to the small companies regime. -MtknElo HeiJ Professor Elizabeth Anne Howlett Hall Trustee Approved by the board of Tnjstees on 11 February 2025 The Boaz Trust Hampshire Limited Notes to the Flnanclal Statements for the year ended 30 June 2024 1 A¢¢ountlng poll¢les Bas18 of pr¢paratlon The accounts have been wepared in acc(￿nCe wilh A£count¥)g and Re￿￿Tr9 by Charities.. Statement of Recommended PTactice applicable to charities prepariNJ Iheif a￿D￿nIS in accordance with the Financial Reporting Standard applicable in the UK and Rapubllc of Ireland IFRS 1021 (effective 1 January 2019) - (Charities SORP {FRS 102)), I￿ Financial Rerxjrtlng Stsftdard appIl￿ble in the UK ￿ Republ￿ of Ireland IFRS 102) and the Companies Act 2006. Th8 Charity meets the definitiDn of the Publ￿ ￿ner>t entity under FRS102. Assets ènd Ilabilllles are Intially recogniseij al historical cost or transaction value Ltnless otherwisè slated in the relevant accounting polky. Going concern The accounts havg been pr8porgd ￿ a gc¥ng concgm basis. There are no rna￿1￿ uncertainties about the ch8r616es abilty to conllnuo. Income Recognltlon of Incom• These artr IndLMJed in the Stslemenl of Flnandal Aclivtrlies {SoFAI wh8n: th8 ch8rfty becomes entitled to the resources.. It is more likely Ihan not Ihal Ihe Iruslees will r8ceive ts rewurces: and tha monetsry value can be measiKed Iwth SLrfficienl r91iabilty. Off￿ttIng There has been no offsetting of assets and lia￿lit1&s. or IrKome and eX￿n888, unless requirgd or P8rmKted by the FRS 102 SORP or FRS 102. Grant8 and donatlons Gr8nls and donations are (￿lY Included In the SOFA whan the ganer81 In¢J)me reccrfjnlts'on crflerla are met15.10 10 5.12 FRS102 SORP). In the case of perf0ma￿a relalwj granis, income musl onty be recognised to th8 extent that the chaTIty has provided the Specified goods or SeN1￿ as enliYeff*nt to tho grant only 0￿UrS when the performance related conditions are met15.16 FRS 102 SORP). L8gacles Legacies are included in the SOFA when Teceipl 1$ probable, that Is, when Ih8r8 hB$ been gfanl of probale, the gxecutors have established that there are sufficlenl assets in th8 eslate and any conditions attached lo the legacy are eilher ￿thin the control of the charlty or have bgon Tht. Tax rg¢lalm$ on donaUon$ and glfts Gift A'd receivable is included in inc(#ne when there Is 8 v8lpJ d8d8ralbn tho thJnor. Any Gift Aid amount recovered on è donaliffi IB Conside￿(1 to be part of th* gift and is treated as an addition lo the same l￿d as the initid donatiffi unl6ss th8 (kyK)r ty th• twms of lh8 app841 havè specified otherwise. Contractual Incomo and porf0rn)an¢e rn14t￿ grnnts This is only includ8d in th8 SOFA once Ihe tharity has provided the related seThlcgS C met the pgrfomiance rg181od conditioro. Volunteer help The value of any voluntary help received is not inclLNJed irb thè accounts tyjl is described in the trustees. annual report. Incom• from Interns( royafties and dividends This is in¢lude(J in the accounts whon recelpt Is l￿ble and Ihe amount r￿eNable can be measured reliably. 12 The Boaz Trust Hampshlre Llmlted Not•s to the Financial Statements for the year ended 30 June 2024 Investment gains and losses This indudes any realksed or unrealiqed gains losses on the sale of wvesknents and any galn or loss resulting from revaluing investriwts to market Value at the end of Ihe year. Expendlture and Ilabilltl•s Liability recognition Liabilities are ￿e09n•s9d where it is mrrfo likely than not that ther8 is 8 legal or cM$lnKtiv8 obligatton committing the Charity lo pay (wjt the amunt of th8 oblKJalion can b8 measured wlth rèasonable Cert￿nty. Govornanco costs Govemance costs include thos& Incurre