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2024-03-31-accounts

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

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

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 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

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 2024. 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.

Page 1

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

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 main 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.

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

Main Achievements

B@titude celebrated its 19th anniversary in January 2024 and as we reflected over the years it has been encouraging to see all the support and generosity we have received along with the local connections that have been built up within the community. We receive daily comments of gratitude from people who access our shop and appreciate our presence.

This year has been another busy year, and we are extremely appreciative of everyone who has supported and helped us over all these years.

Activities:

The Hive

We are particularly pleased to see The Hive grow from strength to strength. Marion has worked hard to build her invaluable team of volunteers and to develop courses and local connections.

The Hive continues to run regular workshops and classes, and to teach valuable skills while creating a safe space for people to connect and support each other.

Funding

The charity received a total of £10,750 in grants during the financial year 2023/24.

Page 2

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Future plans

In summer we will begin our 'Back to School' initiative to help families who are experiencing difficulties and need help with the cost of new school uniforms. We will also offer free haircuts with our neighbouring barbers and provide stationery and other back to school essentials.

We plan to run two summer events; a trip to Littlehampton Beach, and our family fun day on the recreation ground across from our shop.

We will continue to support The Hive, our counselling service and stay connected with our Kings & Queens guests.

FINANCIAL REVIEW

Results for the year and Reserves policy

The charity made a deficit for the year of £31,966 (2023:deficit of £7,564).

The trustees have reviewed the reserves and are considering the charity's activities and funding in order to achieve their policy of having 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 Mr N Ebers Mrs S Hart Mr J Herring

Page 3

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Philip Longstaff FCA Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

Approved by order of the board of trustees on 1st August 2024 and signed on its behalf by:

Mrs M A Truelove - Trustee

Page 4

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 2024.

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:

  1. 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

  3. 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

  4. 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

Ellis Atkins Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA

5th August 2024

Page 5

B@TITUDE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
60,398
Other trading activities
3
36,534
Total
96,932
EXPENDITURE ON
Charitable activities
Community Support
121,947
NET INCOME/(EXPENDITURE)
(25,015)
RECONCILIATION OF FUNDS
Total funds brought forward
54,304
TOTAL FUNDS CARRIED FORWARD
29,289		 Restricted
funds
£
-
-
-
6,951
(6,951)
11,366
4,415		 31/3/24
31/3/23
Total
Total
funds
funds
£
£
60,398
80,083
36,534
32,981
96,932
113,064
128,898
120,628
(31,966)
(7,564)
65,670
73,234
33,704
65,670

The notes form part of these financial statements

Page 6

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

BALANCE SHEET 31ST MARCH 2024

31/3/24 31/3/23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 5,501 1,904 7,405 4,516
CURRENT ASSETS
Debtors 9 1,559 - 1,559 2,397
Cash at bank 24,295 2,511 26,806 60,597
25,854 2,511 28,365 62,994
CREDITORS
Amounts falling due within one year 10 (2,066) - (2,066) (1,840)
NET CURRENT ASSETS 23,788 2,511 26,299 61,154
TOTAL ASSETS LESS CURRENT LIABILITIES 29,289 4,415 33,704 65,670
NET ASSETS 29,289 4,415 33,704 65,670
FUNDS 11
Unrestricted funds 29,289 54,304
Restricted funds 4,415 11,366
TOTAL FUNDS 33,704 65,670

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

B@TITUDE LIMITED (REGISTERED NUMBER: 07453984)

BALANCE SHEET - continued 31ST MARCH 2024

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 1st August 2024 and were signed on its behalf by:

Mrs M A Truelove - Trustee

The notes form part of these financial statements

Page 8

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

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 9

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

2. DONATIONS AND LEGACIES

3.

4.

DONATIONS AND LEGACIES
31/3/24 31/3/23
£ £
Donations - Individuals 26,395 21,087
Donations - Companies & Charities 27,541 48,306
Gift aid 5,986 4,815
Project income - 5,336
Other income 476 539
60,398 80,083
OTHER TRADING ACTIVITIES
31/3/24 31/3/23
£ £
Shop income 25,977 26,442
The Hive sales 10,557 6,539
36,534 32,981
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31/3/24 31/3/23
£ £
Depreciation - owned assets 3,698 3,322
Independent Examiner's fee 700 700
Independent Examiner's fee - other services 918 1,060

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 31st March 2024 nor for the year ended 31st March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.

continued...

Page 10

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

6. STAFF COSTS

STAFF COSTS
31/3/24 31/3/23
£ £
Wages and salaries 69,403 60,248
Other pension costs 734 604
70,137 60,852
The average monthly number of employees during the year was as follows:
31/3/24 31/3/23
No. of employees 6 5

No. of employees

The trustees consider that the aggregate employment benefits of the key management personnel to be £45,134 (2023: £43,981).

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
64,961
Other trading activities
32,981
Total
97,942
EXPENDITURE ON
Charitable activities
Community Support
96,267
NET INCOME/(EXPENDITURE)
1,675
RECONCILIATION OF FUNDS
Total funds brought forward
52,629
TOTAL FUNDS CARRIED FORWARD
54,304		 Restricted
funds
£
15,122
-
15,122
24,361
(9,239)
20,605
11,366		 Total
funds
£
80,083
32,981
113,064
120,628
(7,564)
73,234
65,670

continued...

Page 11

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Fixtures
and
Cabin fittings Equipment Totals
£ £ £ £
COST
At 1st April 2023 6,995 3,620 15,699 26,314
Additions - 6,587 - 6,587
At 31st March 2024 6,995 10,207 15,699 32,901
DEPRECIATION
At 1st April 2023 6,995 2,966 11,837 21,798
Charge for year - 1,740 1,958 3,698
At 31st March 2024 6,995 4,706 13,795 25,496
NET BOOK VALUE
At 31st March 2024 - 5,501 1,904 7,405
At 31st March 2023 - 654 3,862 4,516
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Other debtors - 980
Prepayments 1,559 1,417
1,559 2,397
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Accruals and deferred income 2,066 1,840

continued...

Page 12

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Fund
Restricted funds
Counselling
The Hive
Other Restricted Funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated Fund
Restricted funds
The Hive
Other Restricted Funds
TOTAL FUNDS		 At 1/4/23
£
47,111
7,193
54,304
2,510
3,863
4,993
11,366
65,670
Incoming
resources
£
96,932
-
96,932
-
-
-
96,932		 Net
movement
At
in funds
31/3/24
£
£
(20,622)
26,489
(4,393)
2,800
(25,015)
29,289
-
2,510
(1,958)
1,905
(4,993)
-
(6,951)
4,415
(31,966)
33,704
Resources
Movement
expended
in funds
£
£
(117,554)
(20,622)
(4,393)
(4,393)
(121,947)
(25,015)
(1,958)
(1,958)
(4,993)
(4,993)
(6,951)
(6,951)
(128,898)
(31,966)

continued...

Page 13

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£ £ £
Unrestricted funds
General fund 48,480 (1,369) 47,111
Designated Fund 4,149 3,044 7,193
52,629 1,675 54,304
Restricted funds
Counselling 4,298 (1,788) 2,510
The Hive 10,294 (6,431) 3,863
Other Restricted Funds - 4,993 4,993
Summer Outings 2,800 (2,800) -
Kings & Queens 3,213 (3,213) -
20,605 (9,239) 11,366
TOTAL FUNDS 73,234 (7,564) 65,670

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
Summer Outings
Kings & Queens
TOTAL FUNDS		 Incoming
resources
£
92,942
5,000
97,942
5,200
3,378
6,000
-
544
15,122
113,064		 Resources
Movement
expended
in funds
£
£
(94,311)
(1,369
(1,956)
3,044
(96,267)
1,675
(6,988)
(1,788
(9,809)
(6,431
(1,007)
4,993
(2,800)
(2,800
(3,757)
(3,213
(24,361)
(9,239
(120,628)
(7,564		 Resources
Movement
expended
in funds
£
£
(94,311)
(1,369
(1,956)
3,044
(96,267)
1,675
(6,988)
(1,788
(9,809)
(6,431
(1,007)
4,993
(2,800)
(2,800
(3,757)
(3,213
(24,361)
(9,239
(120,628)
(7,564
1,675
(1,788
(6,431
4,993
(2,800
(3,213
(9,239
(7,564

continued...

Page 14

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

11. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1/4/22 in funds 31/3/24
£ £ £
Unrestricted funds
General fund 48,480 (21,991) 26,489
Designated Fund 4,149 (1,349) 2,800
52,629 (23,340) 29,289
Restricted funds
Counselling 4,298 (1,788) 2,510
The Hive 10,294 (8,389) 1,905
Summer Outings 2,800 (2,800) -
Kings & Queens 3,213 (3,213) -
20,605 (16,190) 4,415
TOTAL FUNDS 73,234 (39,530) 33,704

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
£
189,874
5,000
194,874
5,200
3,378
6,000
-
544
15,122
209,996		 Resources
Movement
expended
in funds
£
£
(211,865)
(21,991)
(6,349)
(1,349)
(218,214)
(23,340)
(6,988)
(1,788)
(11,767)
(8,389)
(6,000)
-
(2,800)
(2,800)
(3,757)
(3,213)
(31,312)
(16,190)
(249,526)
(39,530)		 Resources
Movement
expended
in funds
£
£
(211,865)
(21,991)
(6,349)
(1,349)
(218,214)
(23,340)
(6,988)
(1,788)
(11,767)
(8,389)
(6,000)
-
(2,800)
(2,800)
(3,757)
(3,213)
(31,312)
(16,190)
(249,526)
(39,530)
(23,340)
(1,788)
(8,389)
-
(2,800)
(3,213)
(16,190)
(39,530)

Page 15

continued...

B@TITUDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

Page 16