Compat)y reglstration number.. 07023130 Charity reglstratlon number.. 1138413 Bold Vision IA company limited by guarantee) Annual Report and Financial Statement5 for the Year Ended 30 September 2024 Fleld Sullivan Limlted 9 Hare & Billet Road Blackheath SE3 ORB
Bold Vlslon Contents Reference and Administrative Details Trustees, Report 2to6 Independent Examiner's Report 7t08 Statement of Financlal Activltles 9tolO Balance Sheet li Notes to the Financial Statements 12to21
Bold Vlslon Reference and Admlnlstrative Details Chalr Davld Holloway OBE Trustees FranS Felgate Gary Hall David Holloway OBE John Knepler David Richards Charity Reglstratlon Number 1138413 Company Re8lstratlon Number 07023130 The charity is Incorporated In England and Wales. New Cross Learning 283-285 New Cross Road London SE14 6AS Reglstered Ofllce Independent Examiner Field Sulllvan Limlted 9 Hare & Billet Road Blackheath SE30RB Bankers The Co-operative Bank Business Directplus 151 Lewi5ham High St Londom SE13 6AA Page I
Bold Vlslon Trustees, Report The trustees present thèlr report and financlal statements for the year ended 30 Séptember 2024. The accounts have been prepared in accordance with the accounting policies set out In note I to the accounts and comply with the ch3rity'5 constltutlon. the Companies Act 2006 and the Statement of Recommended Pr8Ctice, "Accounting and Reportlng by Charities" 155ued in March 2005. Oblettlvès and actlvltles Bold Vlsion charity's objects are to further or benefit the residents of Telegraph Hlll and surroundlng areas of South East London, wlthout distinction of sex, sexual orientatlon, race or of politieal, religious or other opinions, by assoclatlng together the said residents and the local authorltles, voluntary and other organisations In a tommon effort to advance education arTrd to provide facllities in the interests of social welfare for recreation leisure time occupatlon with the oblectlve of Improvlng the condStions of Ilfe for the said residents. The policie5 adopted in furtherance of these objects provide a charitèble basls and services that enable local people to develop projects that beneflt local people or, like Feed the Hill, provide them help Immediately to enable responses to urgent need or emergency. The Trustees have paid due regard to the guidance issued by the Charity Commission in declding what actlvlties the charity should undertake ènd how those activities are delivered and monltored. Bold Vision offers advice on all aspects of charltable endeavour, provides a platform for funding and has usèful cooperatlve Ilnks with the local council and councilors. Bold Vlsion has had a successful year in terms of fundraising and the sustainability of our main projects. As an umbrella body, the organlsation has successfully raised and negotiated funding for our own projects and others that have required a recognised and trusted loc31 charitable organlsation to accept, monFtor and account for loc31 authority and charltable grants. Organisations that have used us are The School of Muralism, Youth First, and the Telegraph Hlll Communlty Network ITHCNI, a group of local organisatlon5 that aim to collaborate to create good local outcomes. Publlc benefSt The Trustees have paid due regard to the guidance issued by the Charity Commission In dedding what activities the charity should undertake 3nd how those actlvities are delivered and monltored. Bold Vision offers advice on all aspects of charltable endeavour, provldes a platform for funding and has useful cooperative links wlth the local council and councillors. Bold Vlslon Projects.. 'Feed The Hill, IFtHI.' over the past year FtH has eontinued to support over 200 people and famllies who are housebound and otherwlse adversely affectèd by delivering donated food to their door. One day a week FtH opens Its doors as a Soclal Supermarket, where local people facing economic hardship can pick up a good range of foodstuffs for free or a small donation. The projeet is malnly organised by volunteers but Bold Vislon has contraeted with individu31s to help manage what has become a substantlal operation. ThSs Social Supermarket at 367 New Cross Road is FtH's permanent base that also acts as a storehouse for food dellveries. Much of the food that FtH provldes and dellvers Is sourced free from supermarkets and whtslesale food outlet5, which would otherwlse go to waste. Page 2
Bold Vision Trustees, Report 'New Cross Learning, INXLI is run entirely by volunteers who. with the help of Bold Vision, toc)k over the New Cross Library after St was threatened with c105ure by the council in 2013. Since then, it has become an Important community hub. NXL now runs the library, whlch has a computer sulte, a chlldren's reading and storytelling area and, in the winter, a Warm Hub, where local people Ilving In fuel poverty can come and sit and have hot snacks and tea. NXL hosts local schools. offers community advice and energy advice services. NXL had a testing year financlally in this reporting perSod, but we are pleased to reptsrt that, post balance sheet date, they have undertaken several successful rounds of fundralslng and are in a much more secure financlal positlon. golng forward. Lewlsham and 8romley Credlt Unlon opens wlthin the NXI bullding five day5 a week and offers a safe and confidentlal space for clients looking for a community-based, ethical banking service. The Single Parent Support Group helps slngle-parent famllles. Members are offered one-to-one support and sometimes come together for activities and special events. Aspinall Road Gardens Is now establlshed under the Bold Vlslon umbrella. Scary Brldge, as it was called, was palnted by Artmonger5 Wlth the involvement of local people and schools, during the pandemic. Each end of the bridge was used as a dumping ground for old beds and the like. One end was a regular fly-tipping site with mounds of builders, rubbish, a dangerous eyesore. Artmongers and the local communlty added a small garden at both ends, as a way of stopping the fly tipping. Slnce 2020 the gardens have developed with planters. interesting features, a cupboard Ilbrary and furnlture, all of which Is used by children, familles and the wider community. AspSnall Gardens has continued developirng over the years, and with its cupboard library, attracts parents and chlldrèn on their way from school and others who lust want to sit and reflect In a qulet and beautiful space. Common Growth is a local community garden run by volunteers. It provSdes food for Feed the Hill. Its volunteers continued to maintain the garden. which opens between Sprlng and Auturnn for local people to use and benefit from If they are wlthout a garden or green space of theSr own. Green 14 maintains the roundabout at the top of Pepys and lerningham Roads. The group have Introduced wildflowers and shrubs and has transformed this ignored central feature into a green oasi5. They have also been Involved In rewllding areas or Telegraph Hill Park and have been active in planting and carlng for trees In the area, Telegraph Hlll Community Network ITHCNI is an alliance of communlty organlsatlons worklng in the Te5egraph Hill area. They ralsed funds to contract wlth a part-tlme communlty worker. BV 8dministered the funding and the contract, which explred on 31 July 2024. Bold Vision has also contracted wlth a part-time community connector who works part-time on behalf of the THNC, as funded by NCIL. She has had a noticeable impact on community engagement on the Honor Oak estate and In promoting vtsluntee¥lng opportunities In the local area. Thls contr3Ct has now expired. Bold Vision is parl of a network Df loc31 groups that we work alongside and help at certain tlmes. We have fundraised for local groups. These include Telegraph Hill Welccime5 Refugees whlch alms to house and support a refugee family,. Facework, which Supports refugees with training courses and a soclal hub,. and fund5 towards Improvlng the local Park. Page 3
Bold Vlslon Trtsstees, Report Financial review BV has recorded a deficit of £11,01312023'. surplus of £19,165) for the year ended 30 September 2024. However, BV still htsld5 large reserves agalnst unforeseen events and has maintained an above target level of reserves wlth regards to the ongolng level of expenses Incurred. The level of reserves held at 30 September 2024 was £124,50012023.. £135,513], with £80,54612023.. £95,120) of thls held in restricted reserve5. Given the financial position at the balance sheet date, the Trustees have a reasonable expectatlon that the charity has adequate resources to contlnue to operate for the foreseeable future on a going concern basls In prÈparlNg the financSal statements. Bold Vision has reported a surplus for the accounting period and h8S Strong reserves, whlch will be used to support ongoing and future community activity in the local alèa. Bold Vision would Ilke to thank.. Actlvate Alph3track Systems Ltd Cltlbank Ireland Forsters Charitable Trust Groundwork ITescol Haberdashers School L&Q Placemakers Fund Lift & Engineering Servlces Ltd Lewisham Homes London Community Funders Masher Bros Ltd N3tlonal Post Code Lottery Code Telegraph Hill Playclub The Carlng Family Foundation The London Borough of Lewisham For thelr generous financlal contributlons towards our work through the ye3r. We would also like to thank the m3ny individuals who have contributed their tlme as volunteers or who have used our lust Glving page tts Support our work flnanclallv. Lastly. we would like to acknowledge the massive contrlbution made to Feed the Hill by the many organisations, big and small, who recycle a lot ol food that would otherwise go to waste. Page
Bold Vlslon Trustees, Report Structure, Governance and Mznagernent Bold Vlslon is registered In England and Wales wlth the Charlty Commlsslon In England and Wales ICCEWI wlth Charity Number 1138413. The charlty is constltuted as a company Ilmited by guarantee, reglstered under the Companies Acts. The governing document of the charity is the Memorandum and Artlcles of Association establishing the company under company legislation (company number 070231301 and incorporated on 18 September 2009. There are no restrictlons In the governing documÈnts on the operatlon of the charity or on its Investment powers other than those imposed by ch3rity law. By operatSon of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under charity legislation and have responsibilities under both company and charity leglslatltsn. The trustees oversee thé operations of 8old Vlsion and the projects under it5 umbrella. The trustees meet regularly with representative5 from the project groups to coordinate the admlnistratlon of the charlty. Recrultment and Appolntment of New Trustees As defined withln its constitutlon, the Board must have a mlnlmum of three trustees and a thlrd of thèse must retire, by rotation, at each AGM. They can be re-appointed if they are wllling to stand again. Reciultment is undertaken as skills gaps are identified, or trustee5 Stand down. We particularly encourage people from diverse backgrounds to apply to ensure that our Board is as representative as possible of our local community. Trustees and offlters The trustees and officers (who are also directors for the purpose of company lawl servlng durlng the year and since the year end were as follows.. Trustees.. Frances Felgate Gary Hall David Holloway OBE John Knepler David Rlchards Chalr.. David Holloway OBE None of the trustees had a beneflcial Interest In the company. All the trustees are members of the companv and guarantee to contribute £1 in the event of a winding up, The five trusteesldlrectors of Bold Vlslon regularly meet wlth a voluntary management team comprlsed of representatives from the projects that tsperate under the yold Vislon umbrella. Pagè 5
Bold Vision Trustees, Report Statement of Trustees, Respon51bilities The trustees Iwho are also the directors of Bold Vision for the purposes ol company lawl are responslble for preparing the trvstees, report alld the financial statement5 in accordance wlth applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), includlng FRS 102 'The Financial Reporting Standard appllcable In the UK and Republic ol Ireland" Company law requlre5 the tru5tee5 to prepare financlaS statements for each flnanclal year. Under company13W the trustees must not approve the financial statements unles5 they are satlslled that they glve a true and fair view ol the state ol affair5 of the charltable company and of the 1ncomlng resources and applic8tlon of resources, Including its income and expenditure. of the charitable company for that perlod. In preparlng these financial 5taternents, the trustees are required to: select sultable accountlng pollcles and apply them cons15tently,' observe the methods ènd prln¢lples In the Charitles SORP,. make judgemènts and estimates that are reasonable and prudent,. state whether appllcable accountlng Standards, comprisin8 FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial 5tatement5 on the going concern basis unless it is inappropriate to presurne that the charitable company will Continue in busines5. The trustees are responsible for keeping propey accountlng record5 that C3n disclose with reasonable accuracy t any time the financial p051tion of the charltable tompany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of Iravd and other The tru5tee5 are responsible for the maintenance and integrity ol the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of flnancial statements may dlffer from legislation *n other jurisdictions. The annual report was approved by the trustee5 of the charlty on nd signed on its behalf bv.. David Holloway OBE Chairman and Trustee Page 6
Bold Vlslon Independent Examlner's Report to the trustees of Bold Vlslon {'the Company,) I report to the charity trustees Iwho are also Dlréctor5 for the purpose of company lawl on My examination of the accounts of the Bold Vision I'the charitable company'l for the year ended 30 September 2024 which comprise the Statement of Fln8ncial Activities, the 8alance Sheet and related notes 9 to 21. This report is made solely to the charity's trustees, as a body, In accordance with sectlon 145 of the Charities Act 2011. My work has been undertaken so that I mlght state to the charlty's trustees those matters l am requSred to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charlty's trustee5 as a body, for my work, for this report, or for the oplnions I have formed. Responsibilities and basls of report As the charitvs trustees of Bold Visitsn you are responsible for the preparation of the accounts In accordance wlth the requirements of the Companies Act 20061'the 2006 Act'l. Having satlsfled myself thét the accounts of Bold V15ion are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examlnatlon of your charlty's accounts as carried out under section 145 of the Charltles Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed thÈ Directions given by the Charity Commission under section 14515llbl of the 2011 Act. An Independent examination does not Involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an audltor considers In giving their oplnion on the financial statements, The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l expiess no opinion as to whether the flnanclal statements present a 'true and fair, view and rny report is Ilmlted to those specific matters set out in the independent examinerfs statement. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attefltion In connectlon wlth the examinatlon glvlng me cause to believe.. l. accounting records were not kept in respect of 8old Vlslon as requlred by sectlon 386 of the 2006 Act,. or 2. the accounts do not accord wlth those records; o 3. the accounts do not comply wlth the accounting requlrements of Section 396 of the 2006 Act other than any requirement that the accounts give a 'true and falr vlew, which Is not a matter considered as part of an independent examlnation,. or 4. the accounts have not been prepared in accordance wlth the methods and principles of the Statement of Recommended Practic@ for accounting and reporting by charities applScable to charities prepèring their accounts in accordance with the Financlal Reportin8 Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have no concerns and have corne across no other matters in connectlon wlth the examlnatlon to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Page 7
Bold Vislon Independent Examlner's Report to the trustees of Bold Vlslon {'the Company,) Tirn Sullivan FCA Fleld Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page 8
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Bold Vlslon (Registration number: 070231301 Balance Sheet as at 30 September 2024 2024 2023 Note FIMed assets Tangible assets 14 10,559 16,248 Current assets Debtors 15 737 773 Cash at bank and in hand 16 114,956 120,184 115.693 120.957 Credltors,. Amounts falllnK due wlthln one year 17 11,7521 11.6921 Net current assets 113,941 119,265 Nèt assets 124,500 135,513 Funds of the charity: Restrlcted income funds Restricted funds 80,546 95,120 Unrestricted intome funds Unrestrlcted lunds 43,954 40,393 Total funds 18 124,500 135,513 For the financial year ending 30 September 2024 the charity wa5 entitled to exemption from audit under section 477 of the Companies Act 2006 relatln8 to small companies. Directors, responslbilltles: The member5 have not requlred the charlty to obtaln an audlt of it5 aeeounts lor the ye3r in question i accordance with sectlon 476.. and The dlrectors acknowledge their responslbtlities for cofflplytng wlth the requirernents ol the A¢t wlth respect to accounting records and the preparation of accounts. statements on pages 9 to 22 were approved by the trustees, and authorised lor issue on and slgned on their behalf bv.. David oway QBE Chalrman and Trustee David Richards TIu5tee The note5 on pages 12 to 22 form an Integral part ol these Ilnanclal statements. Page 11
Bold Vision Notes to the Financlal Statements for the Year Ended 30 September 2024 I Charlty status The charlty is limited by guarantee, incorporated in Eneland and Wale5, and consequently does not have share capital. Each of the trustees 15 liable to contribute an amount not exceedSng £10 towards the assets of the charlty In the event of liquldation. The address of its registered office Is.. New Cross Learning 283-285 New Cross Road London SE14 6AS These financial statements were authorised for Issue by the trustees on 14 July 2025. 2 Accountlng pollcle5 Summary of si8nlflcant aetounting policles and key accounting estlmates The prlncipal accounting policles applied in the preparation of these financial statements are set out below, These policies have been con51Stently applied to all the years prèsented, unless otherwlse stated. Statement of compllance The financial statements have been prepared In accordance with Accounting and Reporting by Charities: Statement of Retommended Practice applicable to charities preparing Ihelr accounts in accordancè with the Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191 (Charities SORP IFRS 1021- Second edltlon October 20191, the Financi81 Reporting Standard applicable in the VK and Republlc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Bold Vision meet5 the definition of a publlc beneflt entity under FRS 102. Assets and liabilities are Initbally recognlsed at hlstorical c05t or transactlon value unless otherwise stated sn the relevant accountlng policy notes. Golng concern The trustees consider that there are no materlal uncertainties about the charlty's abSllty to contlnue as a going concern nor any slgnlflcant areas of uncertainty that affect the tarrying value Of asset5 held by the charlty. Exemptlon from preparlng a cash flow statemènt The charity opted to early adopt Bulletin I publlshed on 2 Fèbruary 2016 and have therefore not Included a cash flow statement in these financlal statements. Page 12
Bold Vlslon Notes to the Flnancial Statements for the Year Ended 30 September 2024 Judgèments and key sources of estimation uncertalnty In the application of the charity's accounting policies, the trustee5 are required to make judgements, esiimates and assumptions about the carrying amount of assèts and liaiiilitles that are not readlly apparent from other Sources. The estimate5 3nd associated assumptlons are based on hlstorbcal experience and other factors that are consldered to be relevant. Actu81 result5 may differ from thesè estirnates. The estimates and underlylng assurnptions are revSewed on an ongoing basis. Revisions to accounting estimates are recognised In the periods in which the estimate is revised where revislons affects only that period, or in the period of the revision and futL4re periods where the rèvisions affects both current and future periods. Income and endowments All Income is recognlsed once the charity has entltlement to the income, It Is probable that the income wlll be received ènd the 3mount of the Income receivable can be measured reliably. Donotions and legucles Donations are recognised when the charity has bèen notlfled In writing of both the amount and settlement date. In the event that a donation Is sublett to conditions that require a level of perftsrmance by the charlty before the cfvarity is entitled to the funds, the income Is deferred and not recognised until elther those tonditions are fully met, or the fulfilrnent ol those conditions is wholly within the control of the charlty and tt 15 probable that these conditions will be fulfilled In the reporting period. Grnnts receivuble Grants are recognlsed when the charity has an entltlement to the funds and any tonditions linked to the grants have been met. Where perforrllance conditions are attached to the grant and are yet to be met, the income Is recognised as a Ilabilify and included on the balance sheet as deferred Income to be released. Investment Income Dividends are ¥eeognlsed once the dividend has been declared and notlflcation has been recelved of the dividend due. Expenditure All expenditure Is recognised once there is a legal or constructive obllEatSon to that expendlture, It Is probable settlement 15 required and the amount C3n be measured rellably. All costs are allocated to the applicable expenditure heading that a8gregate similar costs to that category. Where costs cannot be directly attrlbuted to particular headlngs they hav@ beeh allocated on a basls ctsnsi5tent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation char8es allocated on the portion of the asset's use. Other support Costs are allocated based tsn the spread of staff costs. Ruising Junds These are costs Incurred in attracting voluntary Income, the management of Investments and those incurred in trading activltles that raise funds. Page 13
Bold Vlslon Notes to the Flnancial Statements for the Year Ended 30 September 2024 Churltuble octffvities Charitable expenditure comprlses thosé costs incurred by the charfty in the delivery of Its activities and services for its beneficiaries. It Includes both costs that can be allocated directly to SLtch activities and those costs of an indirect nature necessary to support them. Grantprovlslons Provisitsn5 for grants are made when the Intentlon to make a grant has been communicated to the reclpient but there is uncertainty about elther the tlming of the grant or the amount of grant payable. Support tosts Support costs include central functions and have been allocated to actlvltv Cost categories on a basls conslstent t the Use of resources, for example, allocatlng property costs by floor areas, or per capit3, staff costs by the time spent and other costs by their usage. Taxatlon The charity is considered to Pas5 the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore It meets the deflnition of a charltable company for UK corporatlon tax purposes. Accordingly, the charlty Is potentially exempt from taxation in respect of income or capital gains received wlthln categories covered by Chapter 3 Part 11 of the Corporation T3x Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or galns are applied excluslvely to charltable purposes. Tanglblè flxed 355ets Individual fi'xed assets costing £500.00 or more are Inltlally recorded at cost, less any subsequent accumulatéd depreclatlon and subsequent accumulated Impairment losses. Depreciation and amortlsatlon Deprèciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Land and buSldings Fixtures. flttings and equipment Computer equlpment Motor vehicles Deprtclation method and rate straighi line at IO% per year straight Ilne at 20% per year straight Ilne at 20% per year Stralght line at 20% per year Cash and cash equivalents Cash and cash equivalents comprlse cash on hand and call deposits. and other short-term hlghly liquid Investments that are readily convertible to a known arnount of cash and are subject to an Snslgnlficant risk of chan8e in value. Page 14
Bold Vislon Notes to the Financial Statements for the Year Ended 30 September 2024 Fund structure Unrestrlcted Income funds are general fijnds that are avallable for use at the trustees dlscretlon in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for speciflc purposes, the use of whlch Ss restricted to that area or purpose. 3 Income from donatlons and legac5es Total 2024 Total 2023 Donatlons and legacies; Appeals and donations Grants, IncludSng capital grants; New Cros5 Gate Trust 45,712 22,847 4(X) London Communlty Ftsundatlon Telegraph Hill 7 Stars Found 7,098 550 The Postcode Society Actlon Against Hunger The Caring Family London Borough of Lewlsham Lewisham Homes L&Q Placemakers Groundwork- Tesco Bag5 of Help Bromley Community Link5 Lewisham Local 14,20CI 4,167 6,400 31,169 49,700 5,241 5,000 I,oc 1,350 14,500 1,000 111,096 100,038 4 Income from charltable actlvltles Total 2024 Total 2023 Mayor's fund for London 1,000 Page 15
Bold Vlslon Notes to the Flnanclal Statements for the Year Ended 30 September 2024 5 Income from othertradlng artlvltles Totsl funds Total 2023 Trading income,. Ticket/bar sales 5,978 9,158 5,978 9.158 6 Investrnent income Total 2024 Total 2023 Interest receivable and slmllar Incorre,. Interest receivable on bank deposits Income from rents 40 29 5,565 8,540 5,605 8,569 7 Expendlture on ralslng funds al Costs of generatlng donatlons and legacles Total 2024 Total 2023 Donations 279 376 8 Expenditure on charltable actkvltles Total 2024 Total 2023 Note Grant fundlng of actlvStles Dlrect project costs Support costs 33,644 62.007 37,762 14,223 56,559 28,442 133.413 99,224 Page 16
Bold Vlsion Notes to the Financlal Statements for the Year Ended 30 September 2024 9 Analysls of support costs Total 2024 Total 2023 Dèpreclation, amortlsation and other slmllar costs Premises expenses Insurance 5,690 11,160 1,553 8.324 7,793 6,563 1,416 1,665 Repèlrs and rn31ntenance Administrative expensé5 Computer software and rnaintenance Printing, postage and stationery Sundries jj 1,830 4,903 1,790 760 572 5,679 2,686 376 Independent examSnation 1,752 1,692 37.762 28,442 10 Taxatlon The charlty Is a registered charity and is therefore exempt from taxation. 11 Net Intom1noUtg01ng re50ur¢es Net loutgoingllincoming resources for the year include: 2024 2023 Depreclatlon of fixed assets 14 5,690 7,793 12 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, h8ve reiVed any rÈrnuneration from the charity during the year. No trustees have received any rèimbursed expenses or any other beneflts from the charity during the year. 13 Related party transactlons There were no related partytransactions in the year. Page 17
Bold Vision Notes to the Flnancial Statements forthe Year Ended 30 September 2024 14 Tanglble fixed a55ets Leasehold Improvements Furnlture and equlpment Motor vehlcles Total Cost At l October 2023 112,199 56.636 4,475 173,310 At 30 September 2024 112,199 56,636 4,475 173,310 Depreclatlon At l October 2023 Charge for the year 106,199 2,2S6 47,283 2,538 3,S80 895 157,062 5,689 At 30 September 2024 108,455 49,821 4,475 162,751 Net book volue At 30 Septernber 2024 3,744 6,815 10,559 At 30 September 2023 9,353 895 16,248 15 Debtors 2024 2023 Prepayments 737 773 16 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 72 1,260 118,924 114,884 114,956 120,184 17 Credltors: amounts falling due wlthln one year 2024 2023 Accruals 1,752 1,692 Pa8e 18
Bold Vision Notes to the Financlal Statements for the Year Ended 30 September 2024 18 Funds Balance at 30 September 2024 Balance at I October 2023 In¢omlng resources Resources expended Transfers Current period Unrestrlttèd funds General General Funds 40.393 34,203 133,8881 3,246 43,954 Restricted funds New Cross Llbrary Common Growth Syrlan refugees Other activities 26,469 431 11,621 127,7881 10,302 431 1,492 5,268 55,098 1,492 3.888 64,433 4,801 69,154 14,6811 157,8191 11,5001 12,0001 Feed the Hill Telegraph Hlll Welcomes Refugees Telegraph Hill Community Network 11271 127 6.489 2,900 19,5161 127 95,120 88,476 199,8041 13,2461 80,546 Total lunds 135,513 122,679 1133,6921 124,5(M) Page 19
Bold Vision Notes to the Flnanclal Statements for the Year Ended 30 September 2024 Balance at Balance at i October 2022 Incomlng resources Resources expended September 2023 Transfers Prevlous perlod Unre$trl¢ted fund5 Generol General Funds 42,301 20,217 124,3751 2,250 40,393 Restrlcted funds New Cross Library Common Growth 15.322 431 27,604 116,4571 26,469 431 Syrian refugees Other activities Feed the Hill Telegraph HS11 Welcomes Refugees Telegraph Hlll Cornmunity Network 1,492 3,451 50,412 1,492 5,268 55,098 3,833 54,798 12,0161 148,1121 12,OOL)I 39 713 18791 11271 2,900 11,600 17,7611 12501 6,489 74,047 98,548 175,2251 12,2501 95,120 Total funds 116,348 118,765 199,6001 135,513 The speclflc purpose5 for which the funds afe to be applled are as follows.. Property Improvements fund for additions and Improvèments to the library, New Cros5 Learning. New Cross Library - funds to enable to continue the operation of a communlty library servi$ on the New Cross Road. Common Growth - funds to enable to contlnue the operatlon of a communlty garden on Sandbourne Road. Syrian refugees funds to enable to continue the work involved Sn building closer links between residents of Tèlegraph Hill and Syrian refugees. Other activities - small funds for variou5 small community environmental projects eg Green 14 and Asplnall Road Community Gardens. Feed the Hlll funds to enable to continue the operation of a soclal supermarket and food deliveries to housebound members of the north Lewisham communlty. Telegraph Hill Welcomes Refugees- fundlng for a project aiming to house refLtgees In our communitv. Telegraph HS11 Communlty Network- funding for A Community Connector contract for the communlty network. Artmongers funds to help reset the School of Muralism. Youth Programme - funding for a youth project on the Honor Oak Estate. Fund transfers comprised a transfer of £2.000 from FTH to BV Solo as payment for accounting and other governance services,. a correctlon to the Mini Meadow balance that was overstated,. and some write offs of negative balan$ on funds that have closed. Page 20
Bold Vislon Notes to the Financlal Statements for the Year Ended 30 September 2024 19 Analysis of net assets between funds Unrestrlrted funds General Total funds at 30 September 2024 Restrlcted funds Current period Tanglble flxed assets Curr&nt assets 22 10,537 70,009 10,559 115,693 11,7521 45,684 11,7521 Total net assets 43,954 80,546 124,500 Unyestrlcted funds General Total funds at 30 September 2023 Restricted funds Previous perlod Tangible fixed assets Current assets 22 16,226 78,894 16.248 120.957 11,6921 42,063 11,6921 Current1SabilltSes Total net assets 40.393 95,120 135,513 Page 21