Charlty reglslratlon numbèr 1140011 (England and Wales) BEACON COUNSELLING TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
BEACON COUNSELLING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truslees Mr D Melia Mr J Hind Mr J Williams MA Williams Senior management Nell Plati Cllnlcal Programmes Director Charlty number (England and Wales) 1140011 Principal address 263 Townsend Lane Clubrnoor Liver01 Merseysid8 L13 9DG Audltor Monelta LLP 110-114 Duke Street Liverpool L15AG Bank8r8 Lloyds Bank plc PO Box 1000 Andover BX1 1LT
BEACON COUNSELLING TRUST CONTENTS Page Truslees report Statement of Twstees responsibililies Independent auditorfs report Statement of finandal acllvltles Balance sheet Statement of cash Ilows 10 Notes to the financi81 slatements 11-20
BEACON COUNSELLING TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The Trustees present th81r annual report and financial statemenls for the year ended 30 November 2024. The Ilnanclal statements have been prepared in accordance with the accounling polic18S Set out In note 1 to thè financial slalements and comply with the charilvs Injsl deed, the Charilles Act 2011. FRS 102 'The Flnancial Reporting Slandard applicable in the UK and Republlc of Ireland" and the Gharllles SORP "Accounting and Reporting by Charllles.. Slalemenl of Recommended Practice applicable to charities preparing their accounls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)°. Objectives and actlvltles The purposes of the charity are to relieve mental, emotional and physical problems encountered by peopl8 living in loday's society. In shaping our objectives for the year and planning our aclivilies, the trustees have consldered the Charily Commission's guidance on public benefit, including Ihe guidance 'public benefit.. running a charfty {PB2)', The chafity relies on the income from granls. donalions. fees and charges lo cover its operating cosls. The principal activllies of the charity in the period under review were that of the provision of counselllng and support seNlces designed lo advance and improve the quality of life of indivlduals and familles through the delivery of effective and responsive inlervenlions, therapies and counselling se5slons that seek lo resolve problems and issues. In addilion, Ihe charity provldes quality Iraining and guidance to others operating in Ihese areas. Our commitment lo developing the infrastructure lo support the grovAh in the organlsatlon has resulted in a fully refurbished head office Ihal now accommod8les the increased staffing 18vels and Ihe requirements to support ils financial growth 8nd ils position as the lafgest regional organisalion of its kind in the UK. our 2024 and 2025 Impacl reports contained within our website reflect the organisalions continued development. The charity has gone ffom slrenglh lo strenglh within the year 8nd been subject to significant increases in ils Cre activity and geographical reach. The publicalion of Ihese Impact Reports is a reflection of the giowth in activity Ihal the charity has achieved in Ihe pertod,
BEACON COUNSELLING TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Achievements and performance Significanf aclivit18s and achievements agalnst objecllves The resulls for the year and financial posilion of the charity are as shown in the annexed financial stat8m8nls. The charity has continued lo develop the range of counselling and support services it provides which includes Ihe d8velopm8nt of number of additional services including a neurodiversity project. lo ensure that moving forwards the organlsallon Is addresslng the emerging needs of ils neurodiverse community based clienl group. During the year Ihe charity also Ix)ntinued the operational delivery of Paul's Place project, primarily by ulilising granl funding from The Nalional Lottery Community Ftjnd. Which has enabled th8 charity to continue lo provtde a speclalisl ber6avement counselling sérvlce across Merseyside. for Ihose bereaved by suicide. The charity continued work on dev81oping and supporiing org8nisalion's lo become slgnalories to thè Workplacè Charter to reduce gambling harms and is working towards Tolllng Ihis offer out across a national footprint. Efforts have been made lo Increase parlnership working over the year and the charity has developed some meaningful relationships wllh other community based organisalions lo the benefit of all Involved. Slralegic partnership working has helped the charity reach into a number of hard lo reach communities across Ihe North West. The charity also continues to dellver'Bet You Can Help, ITaining and engages wilh the Cfiminal Justice System and the Armed Forces Programme to increase awareness of gambling harms. The Amied Forces Programme via the Armed Forces Gambling Support Nelwork (AFGSN). has gone from strength lo strength and the charity Is the nalional lead on this programme for Ils partner agencies. The impact and reach acr05S the armed forces communily has been amazing, as can be reviewed in Ihe year one AFGSN Project Report and the wider 2024 organisallonal Impact Report. The charity has now secured Ihe Amied Forces Covenanl Fund SStver Award, vA)ich is a teslamenl lo the dedication the charity has continued lo direct towards our valued Arn7ed Forces Community. The charity is subjecl lo a number of audils as a o)mmissioned seNice provider and wilhin lh8 yéar was subJ8¢t lo a non-regulated CQC Pilot Inspection. The inspection look place over a 2 day period in Iha summer of 2024 and the résulting feport was extremely complimentary about the charity and Ihe robust management systems it had set in place to ensure the organisalion is safe, well-led. caring, effeclive and iesponsive. A full Quality Assurance report is shown on our webslle. Th8 trusl88s contlnu8 to seek further funding to enable the charity io contlnue wilh its WOTk. The Iwstees also take thls opportunlty of recognising the contributions of lime and effort made by many fri8nds, volunte8rs, slaff and supporters wilhoul whom the achievements to date would not have happened. Due to th8 changes mad8 in Ils primary commissioner lo GambleAwar8, significant increases In the value of ils primary contract and a broader access to the commissioners addilional funding streams have resulted in both growth and greater financial stability. The 8oard of TTuslees had sel a plan in motion lo invesl in the charities current premises to facilitate this growth and aspirational diversification. which in 2024 came to fruilion. Thls has allowed the charity lo absorb the growlng demand for Its servl¢es across the North Wesl footprint and allow Ihe charity lo continue to improve Ils reach Inlo those local communilles Ihal are in the greatest need. Discussions have laken place belween the Board of Trustees and Ihe landlord regarding the charily using some of ils fre8 reserves lo purchase the property off Ihe landlord, therefore having tts own asset and becoming ils own landlord and what steps Ihe charity would need lo lake to achieve Ihis oulcome. Financlal reviow Re5eNes are needed to bridge Ihe gap b8lween the spending and receiving of inc)Me and to cover unplanned emergency rep81rs and other expenditure. The trustees hav8 astablished a policy whereby the unreslricled funds held by the charity should be between 12 and 24 monlhs of the resources expended, whlch equates to belween approxlmalely £2,5QO,000 to £5,00.000 in general funds. Al this level, the Iruslees feel that they would be able to continue the current aclivilies of the ch8rity in the event of a significant drop in funding. At 30 November 2024, Ihe free reserves amount to £1,668.771. The Irustees are considering ways in which this target can be fully mel on 8 conllnual basis. In preparing the accounts, Ihe (Tuslees consider that the charity has a reasonabl8 expectation of continuing lo receive sufficient incoming resources lo enable It lo contlnue operalions for Ihe forese8able fiJture.
BEACON COUNSELLING TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Major risks The trustees havè a risk management slrategy which comprises: an annual review of Ihe princlpal risks and uncertalnlies Ihal the charlty faS and the esL8blishmenl of policies. syslems. and procedures lo mlligale those risks Identified in the Teview. Financial sustainability is the malor financial risk for the charity. A key element in the management of financlal rlsk is a regular revi8w of available liquid funds lo sellle debts and oulgoings as they fall due and aclive management of trade debtors and creditor balances lo ensure sufficient working capllal Is available. Attention has also been focused on non-financial risks arising from fire, health and saf8ty and operalional matters. These risks are managed by ensuring procedures and accredilalions are up lo dale. having robust policies in place and, Tegular awareness training for slaff and volunteers in these operational areas. structuré, governance and management The organisatlon Is a charitable trust, established on 11 April 2010 and registered as a charity on 25 January 2011. The charity is governed by the policies mad8 from lime to Ilme by the truslees logether with the terms of ils Conslilution which set out the objects and powers of the charity. The trustees, who mel al regular intervals to formulate policy and decisions during the year, including the arrangemenls and criteria for setlino the pay and remuneration of the charivs key management personnel were: Mr D Mella Mr J Hind Mrs P Bell MrJ Williams MA Williams (Resigned 1 December 2023) Recniilmenl and appointm8nl of tmslees The procedures for the appointment. retirement and removal of trustees are s8t out in the Constitutlon. The day-to- day operational aspeds of the Charity have been delegated lo Ihe Clinical Programmes Director - Neil Plall. Much of the chaTiIVs work focus8s upon providing advice and support to people of varying ag8 groups with a variety of problems and from varied backgrounds and communities. The Irustees seek to ensure that the needs of thes6 groups are appropriately reflecled Ihrough the diversity of the truslee body and the recruitment of approprfale indivlduals to the1108rd. The trustees are familiar with the praclical work of the charity and are encouraged lo attend regular feedback and update sessions. All Irustees are encouraged to atlend approprlale external events where Ihes8 will lacilitale the undertaking of Iheir role. Related Parties None of lh8 tnjslees receive remuneralion or other financial benefil from thèlr positions as Ifustees of the charity and any conlraclual relationship with a relaled paty must be dlsdosed lo the board ol Iruslees. Details of related paty transactions are set out in note 1810 Ihe financial statements.
BEACON COUNSELLING TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 e Tfuslees porfwss approved by the Board of Trustees. Mr D Mèlia 2C. ?. 2c)£l
BEACON COUNSELLING TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 The Trustees are responsible for preparing Ihe Trustees Report and the financial slalemenls in accordance wilh applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accountin9 Practice>. The law applicable lo charltles In England and Wales requires Ihe TFUStees to prepare finanual slalements for each financial year which give a true and fair view of Ihe slate of affairs of the and of the Incoming resources and application of resources of the for that year. In preparing these financial slalemenls, the Trustees are required to- select suitable accounting policies and then apply them consislentlsr. obseNe the methods and principles in the Charilies SORP; make judgements and 8slimates Ihal are reasonable and prudenl- slate whether applicable accounting standards have been followed, subj.ect to any material departures disclosed and explained In the financial slalements., and prepare the financial stat8menls on Ihe going concem basls unless il is inappropriate to presume that the charity Wtll continue in operation. The Trustees are responsible for keeping sutricient accounting records Ihat disdose with reasonable ac¢ur8cy at any time the fifianal posilion of the and enable Ihem lo ensure Ihal the flnancial statements comply with the Charities Act 2011. Ihe Charity {Accounls and Reports) Regulations 2008 and Ihe provisions of the trust deed. Th8y aré also responsible for safeguarding the assets of the and hence for taking reasonab16 steps for Ihe prevention and d618cllon of fraud and other irregularities.
BEACON COUNSELLING TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BEACON COUNSELLING TRUST Oplnlon We have audited the financial statements of Beacon Counselling Trust (the ") for the year ended 30 November 2024 which clMpSe the statement or rinancFal activities. Ihe balance sheet. the statement of cash fiows and notes to the financlal sta18menls, Includlng signSficanl atuntIng policies. The financial reportlng framework that has been applied in Ihelr preparation is applicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financi81 Reporting Sfandard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financi81 slatemenls: give a true and fair view of Ihe stale of tha charills affalrs as al 30 November 2024 and of ils incoming resources and application of resources. for Ihe year then ended; have been properly prepared in 8ccordance with Uniled Kingdom Generally Accepleij AccDunling Practice; and have been prepared in accordance wilh Ihe Charities Act 2011. Basls for opinion We conducted our audit in accordance with Infernalional Standards on Auditing (UK) (ISAS (UK)) and appllcable law. Our responsibilities under those standards are further described in the Auditorfs tEsponsibililies for Ihe audit of Ihe financi81 s18temenls section of our report. We are independenl of Ihe in accordance with th8 elhical requirements that are relevant to our audil of the financial slalemenis in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhical iesponsibililies in accordance wilh these requirements, We belleve that the audit.evidence we have obtained is sufficient and appropriale lo provide a basis for our opinion. Concluslons relatlng to golng concern In audiling the financial statemenls, we have concluded that the Trustees use of Ihe golng concem basis of accounting in the preparation of ihe financial stalemenls is approprialo. Based on Ihe work we have performed. we have nol idenlified any material unc£rtainties relating lo events or conditions that. individually or colleclively. may cast significant doubl on the 's ability io continue as a going concern for a period of at least twelve months from when Ihe financial statements are authorised for issue. Our responslbllilles and the responsibHilies of the Trustees with respect to going cnncern are described in Ihe relevanl sections of Ihis report. Other Informatlon The other informalion comprises the information included in the annual report other than the financial slalements and our auditor's report thereon. The Trustees are responsible for the olher information contained within Ihe annual report. Our oplnion on the financial slalements does not cover the other infomiation and we do not express any fomi of assurance conclusion thereon. Our responsibilily is to read the other information and, in doing so, conslder whelher the other infornialion is materially innsistent with Ihe financial slalements or our knowledge oblained in the course of Ihe audil. or otheIse appears lo be materialty misslaled.11 we identify suth material inconsistencies or apparent malerial mlsslalements, we are required to determine whether this gives rise lo a material misstalemenl in the financial slatemenls themselves. If, based on the work we have perfonned, we conclude that there 1$ 8 malerial misstatement of this other infom)alion. we are required to report that fact. We have nolhlng to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters relation to which the Charilies (Accounls and Reports) Regulations 2008 requires us to report to you if, in our opinion: Ihe information given in the financial statements is inconsistenl in any material respect with the Trustees report., or sufficient accounting records h8ve not been kept; or Ihe financial statements are not in agreement wilh the accounling records: or we have not recelved all Ihe informalion and explanations w8 require for our audit.
BEACON COUNSELLING TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BEACON COUNSELLING TRUST Responslbllltles of Truslee3 As explained more fully in the slatemenl of Tfustees responsibilities. the TNstees are responslble for Ihe preparation of the financial statements and for belng satlsfled that they give a true and falr vlew, and for such inlernal control as the Trustees determine is necessary lo enable the preparallon of financial $18lemenls that are fre8 from material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Trustees are responsible for assesslng the 's ability lo continue as a going concern, disclosing, as applicable. matters related lo golng concern and using the going concem basis of accounting unless the Truste6s either Intend lo cease operations. or have no realistic allernalive bul to do so. Audltofs responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of Ihe Charilies Act 2011 and report in accordance wlth the Act and relevant regulations made or havlng effect Ihereunder. Our objectives are to obtain feasonable 8SSUfance about wh8lher Ihe financial slalemenls as a whole are free from material misstatement. whelher du8 lo fraud or error. and to issue an audilorfs report Ihal indudes our opinion. Reasonable assurance Is a high level of assuran but is not a guarantee Ihal an audit conducted in accordance with ISAS (UK) wll aayS detect a material misslalement when il exisls. Misslatem8nls can arlse from fraud or error and are considered materi81 if, individually or in the aggregate, they could reasonably be expected lo Inftuence the economic decisions of users taken on the basis of Ihes8 financlal slalements. The exlenl to which our procedures are capable of detecling IegUlalIes, includlng fraud. Is detailed below. A further description of our responsibililies is available on the Financi81 Reporting Council's website at.. hllps,'Il w.frc.Org.UklaUd*1orSreSponslbllll[es. This description fomis part of our audilofs report. Other matters Your attention is drawn lo Ihe fact Ihal the charity has prepared financial statements in accordance wÈlh 'Accounling and Reporting by Charities: Statement of Recommended Pfaclice applicable to charities preparfng th81r accounls In accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference lo the Accounting and Reportlng by Charities: Slalement of Recommended Practice issued on 1 Apfil 2005 whlch is Feferred to in Ihe exlanl regulalions but has now been wilhdrawn. This has been done in order for the financial statemenls to provide a tTU8 and fair view in accordance wlth current Generally Accepted Accounting Pfactice. Use of our report Thls report is made solely to the charity's trustees. as a ldy. In accordance with Part 4 of Ihe Charities {Accounls and Reports} Regulalions 2008. Our audll work has been undertaken so thal we might slate lo the ch8rily'8 trustees those mallers we ar8 required to stale lo Ihem in an auditor's report and for no other purpose. To tho fullasl extent permltled by law. we do nol acpt or assume responsibility to anyone other Ihan lh8 charity and the charity's Irustees as a bixly, for r audit work, for this report. or lor Ihe opinions we have formed. Mr Kelt er (Senior Slatulory Auditor) For and on behalf of Monelta LLP. StaluloryAuditor Chartered AGcountanls 110-114 Duke Street Liverpool L15AG Monetla LLP Is eligible for appoinlfflent as auditor of lh8 by virtue of ils ellgibllity for appointment as auditor of a company under section 1212 of th8 Companles Acl 2006.
BEACON COUNSELLING TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestrlcted Restrlcted funds fund5 2024 2024 Total Unrestrlcted Restrlctad funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable aclivilies In¢omlng funds Gambleaware The National Lottery Community Fund Grants Gamcare Gambling Harm - South Asian Community Beiway Armed Forces Project 17,500 81,745 99,245 70.498 45.000 115,498 102.813 102.813 1,894.671 447.551 447,551 998,126 1,894.671 998.126 95.200 103.505 95.200 103.505 117.000 364,383 117,000 364.383 7,444 651.000 20Q,000 7,444 651.000 200,000 651.000 651.000 1.842.000 1.842,000 Investments 49,311 49.311 24,614 24.614 Tolal Income 169.624 4,668.121 4.837,745 542,663 2.382.953 2.925.616 Expendlture on: Charitable activities 6,175 2,510,765 2.516.940 55.896 1,868,876 1.924,772 Total expendlture 6.175 2.510.765 2.516.940 55.896 1,868,876 1.924.772 Net incom8 163.449 2,157,356 2.320.805 486.767 514,077 1,000,844 Transfers between funds 5,680 {5,680) 5.680 (5,680) Net movemenl In funds 169,129 2.151,676 2,320.805 492.447 508.397 1.000,844 Reconclllatlon of funds: Fund balances at 1 December 2023 1.499.642 1,017,720 2,517.362 1,007,195 509.323 1.516,518 Fund balances at 30 November 2024 1,668,771 3,169.396 4.838.167 1,499,642 1.017,720 2.517.362 The slatement of fin8ncial aclivilies inclLKles all gains and losses recognlsed In Ihe year. All income and expenditure derive from conlinuing activities.
BEACON COUNSELLING TRUST BALANCE SHEET AS A T 30 NOVEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 12 17,040 22,720 Current a588ts Debtors Cash al bank and in hand 13 1,112,878 5.699.726 429,032 3,920,284 6,812.604 4,349,296 Credltors: amounts falllng due within one year 14 (1.991,477) {1,854,654> Net current assels 4.821,127 2,494,642 Total assets less current Ilablllllès 4,838,167 2,517,362 The funds of Ihe Restricted income funds Unrestricted funds 15 16 3.169.396 1,668.771 1,017,720 1,499,642 4,838.167 2,517,362 8 finandal AC. 9. 2011 tatements were approved by th8 Trustees on ....... Mr D Melia
BEACON COUNSELLING TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 Notes Cash flows from operating activili8S Cash generated from operalions 19 1,730.151 937,963 Investing aclivities Purchase of tangible fixed assels Investment income recelved (28.400) 24.614 49.311 Net cash generated froml(used In) Invesllng acllvltles 49,311 (3,786) Net cash genarated from Ilnanclng actlvlllès Net Increase In cash and cash equlvalents 1.779.462 934,177 Cash and cash equivalents al beglnnlng of year 3,920,264 2,986,087 Cash and cash equlvalenls at end of year 5.699.726 3.920.264 10-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies Charlty Informatlon Beacon Counselling Trust constitutes a public benefit entity as defined by FRS102, 1.1 Basls of proparatlon The financial slatemenls have been prepared in accordance wilh the 's governlng document, Ihe Charities Act 2011, FRS 102 "The Financtal Reporting Standard applicable In the UK and Republlc Of Ireland. and the Charities SORP °Accounling and Reporting by Charities: Slalement of Recommended Praclice applicable lo charities prepafing thelr accounls in accordance ThIh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).. The is a Public Benefit Entity as deflned by FRS 102. The financial slatements have d8part6d from the Charities (Accounts and Reports) Regulalions 2008 only lo th8 exlenl required to provide a Ifue and fair view. This departure has involv8d following the Statement of Recomménded Practice for charilles applytng FRS 102 rather than the verslon of the Slatemenl of Recommended Prac11 which is referred to in the Regulalions but vjhich has stnce been vAlhdrawn, The financial slatements are prepared Sn sterling, which is the functional currency ol the . Monètary amounts in these financial slalemenls are rounded lo the nearest £. The financial slatemenls have been prepared under the historical cosl convention, [modified to includ8 th8 revaluation of freehold properties and to include investment properties and certain Ilnanclal instruments at fair valuel. The prlnclpal accounting policies adopted are sel out below. 1,2 Going concern Al the lime of approving the financlal slalements. Ihe Trustees have a reasonabl8 8xpeclalion that the has ad8quale resources to continue in operational exislence for the foreseeable futur8. Thus the Trustees conlinue to adopt Ihe going concem basis of accounting in préparing the financial statements, 1.3 Charltable funds Unrestricled funds are available for use at the discretion of Ihe Truslees in furtherance of Ihelr charitable objectives. Restrfcled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the resliicted funds are set out in Ihe notes lo the financial slalemenls. 1.4 Income Income is recognised when the is legally enlitled lo il after any performance conditions have been mel, the amounts can be measured reliably. and it is probable Ihal income will be received. Cash donations are recognised on recèipt. other donations are recognised once the has been nolified of the donation, unless perforniance conditions require deferral of the amounl. Income tax recoverab18 in relation to donalions received under Gift Aid or deeds ol covenant is recognised al the lime of the donalion. Legacies are recognised on receipt or olherwise if the has been notified of an impending distribution, Ihe amount is known, and receipt is expected. If the amount is not known. Ihe legacy is Irealed as a conlingent assel. 11
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accountlng pollcleg {Contlnued) 1.5 Expendlture Expenditure is recognised once Ihere is a legal or constructive obligation lo Iransfer economic benefit to a third paty, it is probable Ihal a transfer of economic benefits will be required In seltlemenl, and the amount of Ihe obllgalion can be measured reliably. Expendltur8 is classified by activity. The costs of each activity are made up of Ihe total of direct costs and shared costs, including support cosls involved In undertaking each activity. Direct costs 8ttributable to a single aclivity are allocated directly to Ihal activity. Shared costs which contributè to more than on8 activity and support costs which are nol allribulable to a single aclivity are apportloned between Ihose acllvi118s on a basis ¢onsislent with the use of resources. Central staff cosls are allocated on the basis of time spent. and depreclalion charges are allocaled on Ihe portton of thè asset's use. 1.6 Tanglble flxed assels Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairmenl losses. Deprectation is recognised so as lo wrFle off Ihe wst or valuation of assels less their tssldual valu8s over their US8ful IIv8s on th8 followng bases: Motor vehicles 20% on cost The gain or loss arising on the disposal ol an asset Is delermined as lh8 difference between th8 sale proceeds and th8 carrying value of Ihe asset. and is regniSed In the statement of financlal aclivilles. 1.7 Impairment of fixed assels Al each reporting end dale. the charity rgviews ihe carrying amounls of ils langible assets to determine whether there is any Indicallon that Ihose assets have suffered an imp8irment 105s. If any such indicalion exisls, the fecoverable amount of the assel is eslimated in order lo d8lennin8 th8 ex18nt of the impaifffienl loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalenls include cash in hand. deposits held at call with banks, other short-temi Ilquld investments with OTlginal maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liablllles. 1.9 Flnanclal Instrumenls The has elected lo apply Ihe provisions of Section 11 'Basi¢ Financial Instruments. and Seclion 12 '01her Financial Instruments Issues. of FRS 102 to all of ils financial inslruments. Flnanclal instruments are recognised in th8 's balance sheet when the becomes party lo the contractual provisions of the inslrument. Flnancial assets and li8bilities are offsol, with the nel amounts presented in Ihe financial stalemenls, when there is a legally enforceable righl to sel off the recognised amounts and there is an intention lo sellle on a nel basis or lo realise the assel and settle the liability simultaneously. Baslc Ilnanclal assets Basic financi81 assets, which include debtors and cash and bank balances. are initially measured at transaction prica including transaclion costs and are subsequently carried al amortised cost uslng the effectivé interest method unless Ihe arrangement c4>nstilutes a financing Ifansaction, where the transaction is measured at the present value of the fulure recelpls dlscounted al a market r8£e of inlerest. Financial assets classified as rec8ivable wilhin one year are not amortised. 12-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accountlng pollclas (Contlnued) Baslc flnancial liabllltles Basic financial liabilities, including creditors and bank loans are inilialty recognised at transaction prlce unless the arrangemenl conslilules a financing transaclion. where the debl instrument is measured al the present value of the future payments discounted at a rnaet rale of interest. Financial liabilltles classiffed as payable within one year are not amortised. Debt inslnjmenls are subsequently carried at amortised cost. uslng the effective inlerest ral8 method. Trade creditors are obllgatlons lo pay for goods or SeIS that have been acquired in the ordlnary course of operalions from suppliers. Amounls payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabililies. Trade credilors are recognised tnilially al transaction price and subsequently maasured al amortised cost using the effective interest method. Derecognltlon of Ilnanclal liabilitie5 Flnanclal liabilities are derecognised when iho 's contractual obllgallons expire or are discharged or cancelled. 1.10 Employeè beneflls The cost of any unused holiday entitlemenl is fecognised in the pertod in which Ihe employee's servlces are recèived. Termination benafils are recognised immediately as an expense when the Is dernonslrably commilled lo lerminale Ihe employmenl of an employee or to provid8 terniinatioft benefits. Crftlcal accounting estlmates and Judgements In the application of the charivs accounting policies, Ihe Truslees are required to m8ke judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and associated assumption5 are based on historical experience and other factors that are considered to be relevant. Actual fesulls may differ from these esllmate5. The eslimales and underfsfjng assumptions are reviewed on 8n ijngoing basis. Revlslons lo accounling estlmales are recognised in the perlod in which the estimate is revised where the revision affects only that perioé, or in th8 period of the revision and future periods where the revision affects Ith current and future periods. Income from donatlons and legacles Unrestrlcted Restrlcled funds funds 2024 2024 Total Unrestrlcted Restrlctèd funds funds 2023 2023 Total 2024 2023 Donations and gifts 17.500 81.745 99,245 70.498 45,000 115,498 13-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Income from charitable activllles Unrestrlcted Restricted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Incoming funds SeNices provided Workplace Charter Grants 102.813 102,813 388,549 388,549 59,002 59,002 Gambleaware Grants and funding 1,894,671 1,894.671 998,126 998,126 The National Lottery Communlty Fund Grants Grants and funding 95,200 95,200 117,000 117,000 Gamcare Grants and funding 103,505 103.505 364,383 364,383 Gambling Harm . South Aslan Communlty Grants and funding 7,444 7,444 Betway Grants and funding 651.000 651,000 651,000 651,000 Armed Forces Project Grants and funding 1,842.000 1,842.000 200.000 200,000 102,813 4,586,376 4,689,189 447,551 2,337,953 2,785,504 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 49,311 24,614 14-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Expendlture on charltable actlvilies Charltable Charitabl@ expendlture expenditure 2024 2023 Dlrect costs staff costs Depreciation and impairment Counsellors,, therapists, and receptionists, fees Rents Rales and water Insurances Light, heat and power Refurbishment, repairs, Information Technology & equipmenl Telephone & communicalions Post, prinling, promotions & literature Travelling, subsislence and meetings Licences and subscripiions Commissioned seryices, Iraining & consultancy Waste dispDsal, cleaning & hygiene Administration and payroll fees Pfofessional fees Bank charges Bad debts 1.121.717 5,880 188,105 89.000 4,326 5,460 12,194 231,763 18,785 35,893 80,651 3,842 700,806 19,290 720 12,361 173 955,878 5,680 294,611 69,000 2,982 12,196 11,281 110,886 16,766 32,962 76,873 4,693 290,421 13,445 720 2,589 189 20,000 2,510,766 1,921,172 Share of support and governance costs {see note 71 Support 6,174 3,600 2,516,940 1,924,772 Analysls by fund Unrestflcted funds Restricted funds 6,175 2,510,765 55,896 1,868,876 2,518,940 1,924,772 Support costs allocated to actlvltles 2024 2023 Governance costs 6,174 3,600 Analysed between: Charitable expendilure 6,174 3,600 15-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Net movement in funds 2024 2023 The net movement in funds is staled after chargingl(crediling): Fees pay8ble for the audit ol the charivs financial staiemenls DepreGlalion of owned tangible fixed assets 6,174 5,680 3.600 5,680 Trustees Non8 of the Trustees (or any persons connected viith them) received any remuneration Ix benellts from the during the year. 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Management and charity operation81 activilies 26 24 Employment Costs 2024 2023 Wages and salaries Social securlty costs Other penslon costs 870,297 79,374 172,046 833.374 80.495 42.009 1.121,717 955,878 The number of employees whose annual remuneration was more Ihan £60,000 Is as follows: 2024 Number 2023 Number £150,001 to £160,000 £130.00110 £140,000 £90,001 to £100,000 £70,001 to £80.000 £60.00110 £70.000 Remun8rallon of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregale compensation 156,536 94,256 16-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 11 Taxatlon The charity is exempt from taxation on ils acllwties becaus6 all its inm8 Is applied for charitable purposes. 12 Tanglble flxed assets Motor v¢hlcle5 Cosl At 1 December 2023 28,400 AI 30 November 2024 28,400 Depr6clation and Impalrmént Al 1 Decembér 2023 Depreciation charged in the year 5,680 5.680 AI 30 Novèmber 2024 11,360 Carrying amount AI 30 November 2024 17,040 At 30 November 2023 22,720 13 Debtors 2024 2023 Amounts falling due wlthln one year: Trade debtors Prepayments and accnjed income 574,932 537,946 208.185 222,847 1,112,878 429,032 14 Credllors: amounts falllng due wilhin one year 2024 2023 Trade creditors Other creditors Accruals 8nd deferred incom8 66,181 6,120 1,919,176 26,024 5,065 1.823,565 1,991,477 1.854,654 17-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 15 R68trlcted funds The restiicled funds of thè charity compris8 the unexpended balane8s of donations and grants held on trusl Subject lo spedfic condltions by donors as to how they may be used. At1 December 2023 Incomlng resources Resourc8S expended Transfers At30 November 2024 Donations Gamcare Grants The Nalion81 Lollery Community Fund RET Donallons (Reducè gambling harm) Gambleaware Self exduded addltlonal support donatlons Armed forces project 81,745 103,505 81,745 (103,505) 22,720 95,200 {95,2(Kl) (5.680) 17,040 935.0 651.000 1.894,671 {1,586.000) {666,060) 1,228,611 60.O¢X) (60.000) 1,842,000 1.842.000 1.017.720 4,668,121 (2.510.765) (5,680) 3.169,396 Prevlous yèar: A11 December 2022 Incoming resourcès Resourc88 expended TransfeTS At30 November 2023 Gamcare Grants The National Lotlery Community Fund Gamling Ham) - South Asian Community RET Donallons {Reduce g8mbllng harm) Gambleaw8re Self excluded addilional support donations Armed forces projecl 364.383 (364.383) 117.000 {88,600) (5,680> 22,720 7,444 (7,444) 384,000 110,323 651,0(Kl 998,126 (100.000) (1,108,449) 935,000 15.000 45.000 200.000 60,000 (200,000) 509.323 2,382,953 (1.868.876) {5.680} 1,017,720 18-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 16 Unrèslrlcted funds The unrestricled funds of the charity comprfse the unexpended b818nces of donations and grants whlch are not subject lo specific condillons by donors and granlors as lo how they may be used. These include designaled funds which have been set aside out of unrestrtcled funds by the Iruslees for specific purposes. At1 December 2023 Incomlng resources Resources expendad Tran8fers At30 November 2024 General lunds 1,499,642 169.624 (6,175) 5,680 1.668,771 Prevlous year: At1 December 2022 Incomlng resources Resour¢8s expended Transfers A130 November 2023 General funds 1,007,195 542.663 (55,896) 5,680 1.499,642 17 Analysls of net assets betweèn funds Unreslrlcted funds 2024 Restrlct8d funds 2024 Total 2024 At 30 November 2024.. Tangible assets Current ass&lsl(liabililies) 17,040 3.152.356 17,040 4,821,127 1.668.771 1,668,771 3,169,396 4.838,167 Unr8Stricted funds 2023 Restrleted funds 2023 Tolal 2023 AI 30 Novemb8r 2023: Tangible assets Current assetsl{liabililies) 22,720 995,000 22.720 2.494,642 1.499.642 1,499.642 1,017,720 2,517,362 18 Related party transactlons 19-
BEACON COUNSELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 18 Relatéd party transactlons (Continued) Transactlons wilh related partles During the year Ihe charity entered into the following transactions wilh relaled parties: Rents totalling £69,000 (2023: £69.000) for properties occupied by the charily during the year were payable to Beagle Property Company Limited. N Platt owns 100% of the CoMpanS shares and Is an employee of the charity. Refurblshment costs tolalllng £191.809 were pald to refurblsh the properlles occupied by the charlty durfng the year. The charily also paid £250.000 as Part of Ihe slfiiclural works during the refurbishment. These costs are lo be recovered from the landlord via a nI Iree period. Al 30 November 2024 the amounl lo be recovered from Beagle Propety Company Limited was £211.187. 19 Cash generated from operations 2024 2023 Surplus for the year 2,320,805 1,000,844 Adjustments for: Investment income recognised in slatement of financial aclivilies Deprecialion and impairment of tangible fixed assets {49,311) 5,680 {24,614) 5,680 Movements In worklng capltal: {Increase) in debtors Increase In credllors (683,846) 136,823 (312,476) 268,529 Cash generated from operations 1.730,151 937,963 20 Analysis of changes in net funds The had no m810ri81 debt during the year. -20-