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2023-05-20-accounts

Company Registration No. 06598271 Charity Commissions No. 1141494

Scottish Charity Number SC042655

BLESSED GENERATION

(A charitable company limited by guarantee)

REPORT and FINANCIAL STATEMENTS

For the period ended 31 May 2023

BLESSED GENERATION

(A charitable company limited by guarantee)

REPORT and FINANCIAL STATEMENTS

For the period ended 31 May 2023

Contents Pages
Report of the Governing Body and Trustees 2-5
Report of the Independent Examiner 6
Statement of Financial Activities 8
Notes to the Financial Statements 9– 11
Balance Sheet 12

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BLESSED GENERATION (A charitable company limited by guarantee)

REPORT OF THE GOVERNING BODY

The governing members and Trustees have pleasure in presenting their annual report, together with the unaudited financial statements for the period ended 31 May 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Governing Members, Trustees I Mr. Alozie Benson (Chairman) Directors Ms. Vanessa Jensen Mr. Roland Wilson

130 Greenhaven Drive Registered Office and Principal London Address SE28 8FT SC042655 Scottish Charity Number 06598271 Company Registration No. 1141494 Charity Commissions No. J B Daniels Ltd Independent Examiner (Accountants) 130 Greenhaven Drive London SE28 8FT Bankers Barclays Bank plc 1 Churchill Place London E14 5HP

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BLESSED GENERATION

(A charitable company limited by guarantee)

REPORT of the GOVERNING BODY (Cont'd)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The company has no share capital and is a company limited by guarantee. In the event of dissolution, each member undertakes to subscribe, up to a limit of £1, such sums as may be necessary to pay the debts of the company.

The management of the company is the responsibility of the Governing Body whose members are elected under the terms of the constitution of the company. The members of the Governing Body are the company's directors and are the charity trustees.

The company is exempt from taxation under section 505 of the Income and Corporation Taxes Act 1988.

Governing Members

The Governing Members who served in the period ended 31 May 2023 are stated on page 2. The Governing Members received no emoluments. Expenses received by Governing Members are detailed on note 3 to the financial statements.

Induction and training - the new Governors are given full information about the history and working of the Organisation and the duties and responsibilities of Governors and can make their own enquiries of Governors and others concerning the operation of the Organisation.

Organisation

The full board of governing Members meets twice each year, normally in February and September with the ' Company s AGM also being held at the September meeting.

Risk management.

The Governing Members have assessed the major risks to which the company is exposed; in particular, those related to the operations and finances. They are satisfied that those systems have been put in place to mitigate their exposure to both major and minor risks.

BLESSED GENERATION (A charitable company limited by guarantee)

REPORT of the GOVERNING BODY (Cont'd)

OBJECTIVES AND ACTIVITIES

Principal objectives and activities

To advance in life, relieve needs of and educate young people, through:

a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.

(b) Providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals. This charitable purpose will be undertaken in accordance with a Christian ethos."

ACHIEVEMENTS & PERFORMANCE

1. BG HOMEWORK CLUB

The objectives of the Homework club were:

a. To help the students prepare for the new class they are going into the next year.

b. Give them confidence in the three core subjects English, Mathematics, Sciences and Music.

d. Taking them to the best sites in education and inspiring places.

Target group:

The age group were 5 years to 11 years old. There was minimum of 23 Children in attendance at anyone evening.

Activity:

Running after-school club and play times for Primary Schools in the premises, Mondays to Fridays from 3. 20p.m to 6. 00p.m.

We visited:

Outcomes:

a. The Children’s' self-confidence grew within few weeks of attendance. This transposed into their daily school works, they gained better results is their respective Schools.

b. Improved social skills – some Students that could not hold conversation at the beginning of the programme were eloquent speakers by the end of the programme.

c. The Children built friendships.

2. BG SUMMER SCHOOLS PROGAMME PROJECT REPORT

Objectives:

The objectives of the Summer Schools Programme were:

a. To help the students prepare for the new class they are going into the next year.

b. Give them a place to come to during the summer holiday, avoiding boredom and idealness.

c. Teaching them Mathematics, English, French, German, and Spanish – giving them the opportunity to learn new languages and improve in their English and Mathematics

d. Taking them to the best sites in London and adventure sports in the Home Counties, helping them build friendship and teamwork.

Target group:

The age group were 11 years to 16 years old. There were 34 Children in attendance.

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BLESSED GENERATION

(A charitable company limited by guarantee)

Activity:

They studied English, Mathematics, Spanish, French and German four days a week and had excursion days every Thursday of the week.

We always start daily by giving each Student the chance to speak, helping build their self confidence and minimise the fear of speaking in public.

Our days started 10.00 am and finished 15.30 hours daily excluding excursion days which we aimed to be back by 17.00 hours.

We visited:

Outcomes:

a. The Children’s self-confidence grew within the four weeks.

b. Improved social skills – some Students that could not hold conversation at the beginning of the programme were eloquent speakers by the end of the programme.

c. The Children built friendships.

d. Two months after the programme the Children that never liked taking Mathematics reported that it became easier for them when they got back to school, and they are now doing well in the subject.

e. They applied the method taught to them in the summer school during their English and Language classes which enable them gain better results.

Activities in Scotland:

We aim to commence activities in Scotland in 2025, especially with our online services; currently we do not have any activities in Scotland.

BLESSED GENERATION (A charitable company limited by guarantee)

REPORT of the GOVERNING BODY (Contd.)

FINANCIAL REVIEW

Governing Members'/Trustees responsibilities:

Company law requires the Governing Members to prepare financial statements for each financial l year which give a true and fair view of the situation of the company and of the surplus or deficit of the company for that period. In preparing those financial statements, the Governing Members are required to:

The Governing Members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Governing Members confirm that:

Small company provisions

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE GOVERNING BODY/TRUSTEE

VJ

Vanessa Jensen Trustee February 2024

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BLESSED GENERATION (A charitable company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BLESSED GENERATION

I report on the accounts of Blessed Generation for the period ended 31 May 2023 which are set out on pages 8 to 12.

This report is made to the trustees and members of Blessed Generation, as a body, in accordance with the terms of my engagement. My work has been undertaken to enable me to report my opinion as set out below and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the trustees and members of Blessed Generation, as a body, for my work or for this report.

Respective responsibilities of trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts, annual reports, and the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 and in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The charity Trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility- to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1)(a} of the 2005 Act and Regulation 4 of the 2006 Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Olufunke Ogungbe

Olufunke Ogungbe J B Daniels Ltd

Accountants and Independent Examiners 130 Greenhaven Drive London SE28 8FT

14 February 2024

BLESSED GENERATION

(A charitable company limited by guarantee)

BLESSED GENERATION STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 MAY 2023

Unrestricted
Restricted
2022-23
2021-22
Funds
Funds
Total this
period
Total this
period		 Unrestricted
Restricted
2022-23
2021-22
Funds
Funds
Total this
period
Total this
period		 Unrestricted
Restricted
2022-23
2021-22
Funds
Funds
Total this
period
Total this
period		 Unrestricted
Restricted
2022-23
2021-22
Funds
Funds
Total this
period
Total this
period
Notes
£		 £
£		 £
Income
Donations
3102		 0
3,102		 4,309
Gift Aid funds
776		 0
776		 1,077
Fees
42390		 0
42,390		 26,514
Total
2
46,268		 0
46,268		 31,900
Resources Expended:
Charitable Activities
20,938		 0
20,938		 20,420
Governance Costs
5,363		 0
5,363		 1031
Total Resources Expended
3
26,301		 0
26,301		 21,451
NET MOVEMENT IN FUNDS
19,967		 0
19,967		 10,449
Total funds brought forward
10,449		 0
10,449		 30,711
Total funds carried forward
30,416		 0
30,416		 41,160
Statement of recognised gains and losses:
The company does not have any gains or losses other than the statement of financial
activities for the period of the report.

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BLESSED GENERATION (A charitable company limited by guarantee)

ANALYSIS OF RESOURCES EXPENDED AS AT 31 MAY 2023

Direct Charitable Costs:
Staff Salaries including NI and pensions
Consultancy fees
Events and other direct charitable costs
Training costs
Rent
Publicity (including newsletters)
Total Direct charitable costs
Governance Costs:
Independent examiner's fees
Trustee's expenditure
Total Governance Costs
Other Resources expended:
Telephone
Postage
Stationery & Printing
Light and heat
Motor running expenses
Subscriptions
Bank Charges
Loan Repayment
Insurance
Depreciation
Total Other Resources expended
TOTAL EXPENDITURE
Staff Costs
Wages and Salaries
National Insurance Costs
Pension contribution
Total Staff Costs		 2022-23
2021-22
£
£
0
0
1,980
564
0
0
0
0
3,464
3,207
3,542
3,473
8,986
7,244
4763
826
600
205
5,363
1,031
1248
540
42
98
61
21
2456
780
4500
562
0
0
90
90
2964
10008
348
692
243
372
11,952
13,163
26,301
21,438
2022-23
2021-22
£
£
0
0
0
0
0
0
0
0

No employee received more than £600.00 remuneration in a month, hence did not attract any payable National Insurance Costs.

BLESSED GENERATION (A charitable company limited by guarantee)

BLESSED GENERATION Balance Sheet as at year-ended 31 May 2023

Notes
Fixed Assets
Tangible Assets
5
Current Assets
Debtors and prepayments
6
Cash at Bank and in Hand
Creditors:
Amount falling due within a year
7
Net current Assets
Creditors falling due over 1 year
Total assets
Capital and Reserves
Unrestricted funds
Restricted funds
Total funds
10		 £
£
£
£
1,280
1,830
62,443
75,072
1
1,094
62,444
76,166
0
0
62,444
76,166
(32,028)
(34,992)
30,416
41,174
30,416
51,933
0
48,000
30,416
99,933
2021-22
2022-23
62,444
0

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The director acknowledges his responsibilites for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statments which give a true and fair view of the state of affiars of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

Theses financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime with part 15 of the companies Act 2006 and with the Financial Reporting Standard for smaller Entities (effective April 2008)

Approved by the Trustees for issue in February 2024

Mr. Alozie Benson Director

Company Registration No. 06598271

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BLESSED GENERATION (A charitable company limited by guarantee)

Notes to the Financial Statements for the year ended 31 May 2023

1 Accounting Policies

The principle policies are summarised below.

Basis of Preparation of Financial Statements

These accounts have been prepared on the basis of historic cost in accordance with the Statement of Recommended Practice (SORP 2005) and with the Financial Reporting Standard for Smaller Enterprises (FRSSE 2008)

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.1 Tangible fixed assets and depreciation:

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on straight line basis for five years

2 Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when the Charity becomes entitled to the resources; the Trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.

Investment Income

This is included in the accounts when receivable

Expenditures and Liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.

Governance costs

Include costs of preparation and examination of statutory account, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters.

Assets

Tangible fixed assets

These are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or a reasonable value on receipt. Depreciation is charged at the following rates so as to write off the assets over estimated economic useful lives as follows. Fixtures and fittings - 10% Computers - straight line for 5 years

BLESSED GENERATION (A charitable company limited by guarantee)

3
4		 ANALYSIS OF RESOURCES EXPENDED
Direct Charitable Costs:
Staff Salaries including NI and pensions
Consultancy fees
Events and other direct charitable costs
Training costs
Rent
Publicity (including newsletters)
Total Direct Charitable costs
Governance Costs:
Independent examiner's fees
Trustee's expenditure
Total Governance costs
Other Resources expended:
Telephone
Postage
Stationery & Printing
Subscriptions
Bank Charges
Other legal and professional
Insurance
Depreciation
Total Other Resources expended
TOTAL EXPENDITURE
Staff Costs
Wages and Salaries
National Insurance Costs
Pension contribution
Total Staff costs		 2022-23
2021-22
£
£
0
0
1980
564
0
0
0
0
3464
3207
3542
3473
8,986
7,244
4763
826
600
205
5,363
1,031
1248
540
42
98
61
21
0
0
90
90
2964
10008
348
692
243
372
4,996
11,821
19,345
20,096
2022-23
2021-22
£
£
0
0
0
0
0
0
0
0

No employee received more than £600.00 remuneration in a month, hence did not attract any payable National Insurance Costs.

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BLESSED GENERATION

(A charitable company limited by guarantee)

5
6
7
8
9
10		 Tangible fixed assets
2022-23
2021-22
Tools & Equipments
Tools & Equipments
£
£
Cost:
As at June 2022
0
1,519
Computers at costs
1,215
0
Fixtures & fittings at costs
342
380
Total costs as at 31 May 2021
1557
1899
Depreciation:
Charges for the year - Computers
243
304
Charges for the year - fixtures & fittings
34
38
Total charge in the year
277
342
Net book value
at May 2023
1280
1557
Debtors
2022-23
2021-22
£
£
Debtors
0
0
Prepaid rent and Debtors
0
0
Total Debtors
0
0
Creditors: amounts falling due within one
year
2022-23
2021-22
Corporation tax
Trade Creditors
0
Director's current accounts
0
Bank overdraft
Total Creditors: amounts falling due within
one year
0
0
Trustee's Expenses
600
205
Related Party Transactions
There were no related party transactions to report. There were no transactions with the
directors to report.
Analysis of funds received
Receipts in the year
Receipts in the year
Restricted Funds
£
£
Office Space Donation (from Centric Communit
0
48000
Subtotal Restricted Funds
0
48000
Unrestricted funds
46,268
31,900
Total Analysis of funds received
46268
79900		 2022-23
2021-22
Tools & Equipments
Tools & Equipments
£
£
0
1,519
1,215
0
342
380
1557
1899
243
304
34
38
277
342
1280
1557
2022-23
2021-22
£
£
0
0
0
0
0
0

2022-23
2021-22
0
0
0
0
600
205
46268
79900