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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 07453984 (England and Wales) REGISTERED CHARITY NUMBER: 1140398

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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 31 MARCH 2022

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 31 March 2022. 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 focus of the charity is the shop in the local area of North Leatherhead, selling affordable good quality second hand baby and children’s clothes, toys, books, and equipment.

The charity's aim is to be present and visible in the community, bringing people together in a safe environment, developing relationships while listening to people’s needs and providing practical help where possible.

The charity looks to encourage creative and diverse solutions, while actively supporting people's dreams and helping these come to fruition.

Main Achievements

Having come out of the lockdown restrictions imposed due to Covid, the charity has successfully expanded its relationship with The Hive (which provides a creative place for the local community to meet, giving a dedicated space for people to learn or develop existing skills such as knitting, sewing, patchwork, painting, drawing, writing, amongst several other things). This has proved to be enormously helpful and therapeutic for many.

Activities:

Funding

The charity received just over £28,000 in grants during the financial year 2021/22.

For The Hive, the charity received £5,000 from American Women of Surrey, £8,000 from Community Foundation for Surrey (East Court Fund), £4,646 from Mole Valley District Council, £2,000 from Tim Hall's Members' Community Allocation, and £600 from Clarion Futures.

For the Summer events, the charity received £1,448 from the Mothers' Union (for 1 event during Summer 2021) and £6,400 from The National Lottery Community Fund (for 3 events planned for Summer 2022).

Page 1

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Future plans

The charity intends to expand on the counselling services being provided. They will be actively looking at ways to both support existing projects and develop opportunities for people in the local community to get involved with and gain confidence and skills. They plan to expand, where possible, the events which they intend to host, as well as the one-to-one support for individuals.

The charity remains dedicated to their continued work with their existing partners, other organisations, and business to further enhance their positive impact on the community and the greater area of Surrey. The charity will seek new partners to help drive their vision forward and will seek additional ways in where they can help the community.

FINANCIAL REVIEW

Results for the year and Reserves policy

The charity made a surplus for the year of £13,239 (2021:surplus of £21,561).

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

The existing trustees invite new trustees to join the board. The trustees will evaluate the potential new trustees knowledge, experience and skills to ensure that these are complimentary to the other board members. The trustees will regularly review the qualities that the existing trustees bring to the Board along with any training needs that maybe required.

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 (resigned 26/4/2022) Mr N Ebers (appointed 26/4/2022) Mrs S Hart (appointed 26/4/2022)

Page 2

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS 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 26 October 2022 and signed on its behalf by:

Mrs M A Truelove - Trustee

Page 3

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B@TITUDE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
60,314
Other trading activities
3
22,460
Total
82,774
EXPENDITURE ON
Charitable activities
Community Support
81,477
NET INCOME
1,297
RECONCILIATION OF FUNDS
Total funds brought forward
51,332
TOTAL FUNDS CARRIED FORWARD
52,629
Restricted
funds
£
22,106
-
22,106
10,164
11,942
8,663
20,605
31/3/22
Total
funds
£
82,420
22,460
104,880
91,641
13,239
59,995
73,234
31/3/21
Total
funds
£
109,956
10,290
120,246
98,685
21,561
38,434
59,995

The notes form part of these financial statements

Page 5

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

BALANCE SHEET 31 MARCH 2022

31/3/22 31/3/21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 1,438 3,235 4,673 4,067
CURRENT ASSETS
Debtors 9 2,100 - 2,100 2,134
Cash at bank 51,377 17,370 68,747 55,904
53,477 17,370 70,847 58,038
CREDITORS
Amounts falling due within one year 10 (2,286) - (2,286) (2,110)
NET CURRENT ASSETS 51,191 17,370 68,561 55,928
TOTAL ASSETS LESS CURRENT
LIABILITIES 52,629 20,605 73,234 59,995
NET ASSETS 52,629 20,605 73,234 59,995
FUNDS 11
Unrestricted funds 52,629 51,332
Restricted funds 20,605 8,663
TOTAL FUNDS 73,234 59,995

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

BALANCE SHEET - continued 31 MARCH 2022

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 26 October 2022 and were signed on its behalf by:

Mrs M A Truelove - Trustee

The notes form part of these financial statements

Page 7

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 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...

Page 8

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. DONATIONS AND LEGACIES

Donations - Individuals
Donations - Companies & Charities
Gift aid
Local Government and Council grants
Job Retention Scheme grants received
Project income
Other income
3.
OTHER TRADING ACTIVITIES
Shop income
The Hive sales
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
31/3/22
£
20,475
41,651
4,034
9,313
1,847
2,750
2,350
82,420
31/3/22
£
21,737
723
22,460
31/3/22
£
2,819
660
390
31/3/21
£
19,726
53,523
4,802
20,289
10,349
872
395
109,956
31/3/21
£
10,290
-
10,290
31/3/21
£
2,846
650
310

Ellis Atkins waived 33% of their fees relating to the preparation of the annual accounts and their Independent Examination.

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

continued...

Page 9

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. STAFF COSTS

STAFF COSTS
31/3/22 31/3/21
£ £
Wages and salaries 54,870 51,987
Other pension costs 453 328
55,323 52,315
The average monthly number of employees during the year was as follows:
31/3/22 31/3/21
No. of employees 5 5
The trustees consider that the aggregate employment benefits of the key management personnel to be £39,657
(2021:£38,438)

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
89,101
Other trading activities
10,290
Total
99,391
EXPENDITURE ON
Charitable activities
Community Support
85,392
NET INCOME
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
Total
funds
£
109,956
10,290
120,246
98,685
21,561
38,434
59,995

continued...

Page 10

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Fixtures
and
Cabin fittings Equipment Totals
£ £ £ £
COST
At 1 April 2021 6,995 2,905 9,824 19,724
Additions - - 3,425 3,425
At 31 March 2022 6,995 2,905 13,249 23,149
DEPRECIATION
At 1 April 2021 6,995 1,015 7,647 15,657
Charge for year - 968 1,851 2,819
At 31 March 2022 6,995 1,983 9,498 18,476
NET BOOK VALUE
At 31 March 2022 - 922 3,751 4,673
At 31 March 2021 - 1,890 2,177 4,067
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£ £
Other debtors 929 1,152
Prepayments 1,171 982
2,100 2,134
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£ £
Accruals and deferred income 2,286 2,110
11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 49,933 (1,453) 48,480
Designated Fund 1,399 2,750 4,149
51,332 1,297 52,629
Restricted funds
Counselling 8,663 (4,365) 4,298
The Hive - 10,294 10,294
Summer Outings - 2,800 2,800
Kings & Queens - 3,213 3,213
8,663 11,942 20,605
TOTAL FUNDS 59,995 13,239 73,234

continued...

Page 11

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Counselling
The Hive
Summer Outings
Kings & Queens
TOTAL FUNDS
Incoming
resources
£
80,024
2,750
82,774
460
15,246
2,800
3,600
22,106
104,880
Resources
Movement
expended
in funds
£
£
(81,477)
(1,453)
-
2,750
(81,477)
1,297
(4,825)
(4,365)
(4,952)
10,294
-
2,800
(387)
3,213
(10,164)
11,942
(91,641)
13,239
Resources
Movement
expended
in funds
£
£
(81,477)
(1,453)
-
2,750
(81,477)
1,297
(4,825)
(4,365)
(4,952)
10,294
-
2,800
(387)
3,213
(10,164)
11,942
(91,641)
13,239
1,297
(4,365)
10,294
2,800
3,213
11,942
13,239

Comparatives for movement in funds

Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 36,095 13,838 49,933
Designated Fund 1,238 161 1,399
37,333 13,999 51,332
Restricted funds
Counselling 943 7,720 8,663
Other Restricted Funds 158 (158) -
1,101 7,562 8,663
TOTAL FUNDS 38,434 21,561 59,995

continued...

Page 12

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS - continued

Comparative 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
£
98,519
872
99,391
14,430
2,500
3,925
20,855
120,246
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
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
13,999
7,720
-
(158)
7,562
21,561

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.20 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 36,095 12,385 48,480
Designated Fund 1,238 2,911 4,149
37,333 15,296 52,629
Restricted funds
Counselling 943 3,355 4,298
The Hive - 10,294 10,294
Other Restricted Funds 158 (158) -
Summer Outings - 2,800 2,800
Kings & Queens - 3,213 3,213
1,101 19,504 20,605
TOTAL FUNDS 38,434 34,800 73,234

continued...

Page 13

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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
Summer Outings
Kings & Queens
TOTAL FUNDS
Incoming
resources
£
178,543
3,622
182,165
14,890
17,746
3,925
2,800
3,600
42,961
225,126
Resources
Movement
expended
in funds
£
£
(166,158)
12,385
(711)
2,911
(166,869)
15,296
(11,535)
3,355
(7,452)
10,294
(4,083)
(158)
-
2,800
(387)
3,213
(23,457)
19,504
(190,326)
34,800

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 14