REGISTERED COMPANY NUMBER: 07453984 (England and Wales) REGISTERED CHARITY NUMBER: 1140398
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
FOR
B@TITUDE LIMITED
Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
B@TITUDE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Objects of the charity are:
1 The prevention or relief of poverty by providing grants, items, services and opportunities to individuals in need, and/or charities or other organisations working to prevent or relieve poverty.
2 To develop the capacity and skills of the members of socially and economically disadvantaged communities in such a way that they are better able to identify and help meet their needs and participate more fully in society.
3 The relief of financial hardship among people by providing such persons with goods and services which they could not otherwise afford through lack of means.
Public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives for the future.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main focus of the charity's activities remains our shop which sells donated goods for 0-16 year olds at a low cost to support the local community. Other projects have developed out of the shop as we have been able to listen and respond to the needs.
Main Achievements
Despite Covid restrictions and the reduction in opening hours over the last year, the charity was able to provide a wide level of support to the community outside of the shop.
Activities included:
-
Contact for mental health and prayer through social media, phone calls, and visits
-
Provision of meals donated to us given to individuals and families
-
Sponsoring reading packages
-
Providing packs including toys, crafts, games to help families in lockdown
-
Delivering clothes and equipment for urgent need
-
Some Counselling services moved on-line
Future Plans
We continue to be committed and excited about the vision and purpose of the shop. We are hoping to see the counselling service develop by getting one or two more counsellors on board. We are planning summer events to support families with the potential stress of summer holidays, and are looking forward to hosting our Kings and Queens events for the older generation. We are excited about opening up The Hive again, the community creative space, and are committed to our one-to-one support of individuals. We will continue to work with partners and other organisations and businesses to outwork the greater vision for North Leatherhead.
All of this work would not be impossible without the financial support of our local groups and businesses, several charitable trusts, our fundraisers, and individual donors through regular giving or one-off donations. We are incredibly grateful for this continuing support.
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B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
FINANCIAL REVIEW
Results for the year and Reserves policy
The charity made a surplus for the year of £21,561 (2020:deficit of £6,412).
The trustees have reviewed the reserves policy and have agreed to maintain sufficient reserves to cover at least six months of operational costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Existing trustees invite potential new trustees to join having regards to the relevance of their experience to the work of the charity. The Board regularly consider the skills base of the existing members and their training needs.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07453984 (England and Wales)
Registered Charity number
1140398
Registered office
205 Kingston Road Leatherhead Surrey KT22 7PB
Trustees
Mrs N M Dencker Mrs M A Truelove Rev C E K Oliveira
Independent Examiner
Philip Longstaff FCA Institute of Chartered Accountants in England & Wales Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
Approved by order of the board of trustees on 17th August 2021 and signed on its behalf by:
Mrs M A Truelove - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF B@TITUDE LIMITED
Independent examiner's report to the trustees of B@titude Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip Longstaff FCA Institute of Chartered Accountants in England & Wales Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
18th August 2021
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B@TITUDE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 89,101 Other trading activities 3 10,290 Total 99,391 EXPENDITURE ON Charitable activities Community Support 85,392 NET INCOME/(EXPENDITURE) 13,999 RECONCILIATION OF FUNDS Total funds brought forward 37,333 TOTAL FUNDS CARRIED FORWARD 51,332 |
Restricted funds £ 20,855 - 20,855 13,293 7,562 1,101 8,663 |
31/3/21 Total funds £ 109,956 10,290 120,246 98,685 21,561 38,434 59,995 |
31/3/20 Total funds £ 72,502 23,124 95,626 102,038 (6,412) 44,846 38,434 |
|---|---|---|---|
The notes form part of these financial statements
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B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)
BALANCE SHEET 31ST MARCH 2021
| 31/3/21 | 31/3/20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 8 | 4,067 | - | 4,067 | 5,533 | |
| CURRENT ASSETS | ||||||
| Debtors | 9 | 2,134 | - | 2,134 | 2,380 | |
| Cash at bank | 47,241 | 8,663 | 55,904 | 33,386 | ||
| 49,375 | 8,663 | 58,038 | 35,766 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 10 | (2,110) | - | (2,110) | (2,865) | |
| NET CURRENT ASSETS | 47,265 | 8,663 | 55,928 | 32,901 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 51,332 | 8,663 | 59,995 | 38,434 | ||
| NET ASSETS | 51,332 | 8,663 | 59,995 | 38,434 | ||
| FUNDS | 11 | |||||
| Unrestricted funds | 51,332 | 37,333 | ||||
| Restricted funds | 8,663 | 1,101 | ||||
| TOTAL FUNDS | 59,995 | 38,434 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)
BALANCE SHEET - continued 31ST MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17th August 2021 and were signed on its behalf by:
M A Truelove - Trustee
The notes form part of these financial statements
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Government grants
Grants are recognised when the entitlement to the grant is confirmed. Revenue based grants are recognised in the period in which the related costs are incurred.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
2. DONATIONS AND LEGACIES
| Donations - Individuals Donations - Companies & Charities Gift aid Covid Grants Mole Valley DC Job Retention Scheme grants received Project income Other income 3. OTHER TRADING ACTIVITIES Shop income 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent Examiner's fee Independent Examiner's fee - other services |
31/3/21 £ 19,726 53,523 4,802 20,289 10,349 872 395 109,956 31/3/21 £ 10,290 31/3/21 £ 2,846 650 310 |
31/3/20 £ 23,252 38,645 4,960 - - - 5,645 |
|---|---|---|
| 72,502 | ||
| 31/3/20 £ 23,124 31/3/20 £ 1,915 1,020 - |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31/3/21 | 31/3/20 | |
| £ | £ | |
| Wages and salaries | 51,987 | 49,721 |
| Other pension costs | 328 | 473 |
| 52,315 | 50,194 | |
| The average monthly number of employees during the year was as follows: | ||
| 31/3/21 | 31/3/20 | |
| No. of employees | 5 | 5 |
The trustees consider that the aggregate employment benefits of the key management personnel to be £38,438 (2020:£37,290)
continued...
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 53,167 19,335 Other trading activities 23,124 - Total 76,291 19,335 EXPENDITURE ON Charitable activities Community Support 82,644 19,394 NET INCOME/(EXPENDITURE) (6,353) (59) RECONCILIATION OF FUNDS Total funds brought forward 43,686 1,160 TOTAL FUNDS CARRIED FORWARD 37,333 1,101 8. TANGIBLE FIXED ASSETS Fixtures and Computer Cabin fittings equipment £ £ £ COST At 1st April 2020 6,995 1,525 9,824 Additions - 1,380 - At 31st March 2021 6,995 2,905 9,824 DEPRECIATION At 1st April 2020 6,995 85 5,731 Charge for year - 930 1,916 At 31st March 2021 6,995 1,015 7,647 NET BOOK VALUE At 31st March 2021 - 1,890 2,177 At 31st March 2020 - 1,440 4,093 |
Total funds £ 72,502 23,124 95,626 102,038 (6,412) 44,846 38,434 Totals £ 18,344 1,380 19,724 12,811 2,846 15,657 4,067 5,533 |
|---|---|
continued...
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 11. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 36,095 Designated Fund 1,238 37,333 Restricted funds Counselling 943 Other Restricted Funds 158 1,101 TOTAL FUNDS 38,434 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,519 Designated Fund 872 99,391 Restricted funds Counselling 14,430 The Hive 2,500 Other Restricted Funds 3,925 20,855 TOTAL FUNDS 120,246 |
31/3/21 31/3/20 £ £ 1,152 1,345 982 1,035 2,134 2,380 31/3/21 31/3/20 £ £ 2,110 2,865 Net movement At in funds 31/3/21 £ £ 13,838 49,933 161 1,399 13,999 51,332 7,720 8,663 (158) - 7,562 8,663 21,561 59,995 Resources Movement expended in funds £ £ (84,681) 13,838 (711) 161 (85,392) 13,999 (6,710) 7,720 (2,500) - (4,083) (158) (13,293) 7,562 (98,685) 21,561 |
|---|---|
continued...
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/19 | in funds | 31/3/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 42,448 | (6,353) | 36,095 |
| Designated Fund | 1,238 | - | 1,238 |
| 43,686 | (6,353) | 37,333 | |
| Restricted funds | |||
| Counselling | - | 943 | 943 |
| Other Restricted Funds | 1,160 | (1,002) | 158 |
| 1,160 | (59) | 1,101 | |
| TOTAL FUNDS | 44,846 | (6,412) | 38,434 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Counselling The Hive Other Restricted Funds TOTAL FUNDS |
Incoming resources £ 76,291 5,170 9,800 4,365 19,335 95,626 |
Resources Movement expended in funds £ £ (82,644) (6,353) (4,227) 943 (9,800) - (5,367) (1,002) (19,394) (59) (102,038) (6,412) |
Resources Movement expended in funds £ £ (82,644) (6,353) (4,227) 943 (9,800) - (5,367) (1,002) (19,394) (59) (102,038) (6,412) |
|---|---|---|---|
| (59) | |||
| (6,412) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/19 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 42,448 | 7,485 | 49,933 |
| Designated Fund | 1,238 | 161 | 1,399 |
| 43,686 | 7,646 | 51,332 | |
| Restricted funds | |||
| Counselling | - | 8,663 | 8,663 |
| Other Restricted Funds | 1,160 | (1,160) | - |
| 1,160 | 7,503 | 8,663 | |
| TOTAL FUNDS | 44,846 | 15,149 | 59,995 |
continued...
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B@TITUDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated Fund Restricted funds Counselling The Hive Other Restricted Funds TOTAL FUNDS |
Incoming resources £ 174,810 872 175,682 19,600 12,300 8,290 40,190 215,872 |
Resources Movement expended in funds £ £ (167,325) 7,485 (711) 161 (168,036) 7,646 (10,937) 8,663 (12,300) - (9,450) (1,160) (32,687) 7,503 (200,723) 15,149 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
Legal fees of £650 were paid to Palmer & Palmer Solicitors Ltd, a local firm where a trustee was a director during the period under review.
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