2023-12-31-accounts - The Bidgley Power Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

TABLE OF CONTENT

----- Start of picture text -----
“EMPOWERING COMMUNITIES BY
----- End of picture text -----

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

EXECUTIVE SUMMARY	3
OUR VISION	5
OUR MISSION	5
OUR AIMS	5
2.1. HOLIDAY ACTIVITY CAMPS	6
WINTER HOLIDAY CAMP; DECEMBER 2023	8
2.2. TRIP TO NATURE CENTRE : DECEMBER 2023	10
2.3. GET & LET LIVE CAMPAIGN (MARCH 2023)	11
2.4. WORKSHOP ON HEALTHY FOOD	13
2.5. WOMEN’S WELLNESS DAY – WEST MIDLANDS COMBINED AUTHORITY 14
2.6. LITTLE PIONEER STAY AND PLAY SCHEME	15
2.7. CHRISTMAS PARTY FOR CHILDREN, DECEMBER 2023	18
2.8. BADMINTON CLUB FOR MALES & FEMALES	18
2.11. ASTON PAVILION WARM HUB - WARM SPACES	21
2.12: KEY CHALLENGES AND ISSUES FACED	22

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

EXECUTIVE SUMMARY

idgley Power Foundation (BPF) has been able to achieve many of the key objectives during this financial year (2023) under review. Our programmes have significantly raised the profile of our charity not only with local people, but also with other voluntary and statutory groups working within the Birmingham city as a whole.

During the 2023 financial year, BPF has been able to secure funds from various sources. As a step to improve children’s knowledge in extra-curricular activities, BPF organised few educational trips in 2023 to Nature Centre and Star City in Birmingham. These trips helped the kids to get active, learn and explore new things. There was a high demand for these trips and children participated in these trips in great enthusiasm.

We have managed to deliver some useful projects as highlighted in this report. We delivered three holiday activity programmes during the review period in two venues, i.e., Aston Pavilion, Trinity Road, Aston and St Martin’s Youth Community Centre in Gooch Street, Birmingham. Kids in Aston get involved in different activities such as football, badminton, tennis, volleyball, table tennis and various other activities indoor such as arts and crafts. These camps helped children to make new friends, learn new skills, gain independence,

We launched multiple badminton sessions throughout the year for all skill levels for both men and women and they entered into the Birmingham badminton League. We organised a small community led exhibition by gathering the health professionals in the area to promote their wellness businesses and organisations; and to help bring the community together to discover the help and advice that is available through this network.

Many improvements have been made in areas such as governance, financial policy, fundraising and training of our most valuable resource which are our volunteers who go to make this organisation. In this year we have developed the capacity to challenge decisions which affect our service users.

The successful running of our operations was greatly aided by the contributions of our partner organisations. Among our main partner institutions were Badminton England, Aston Villa Football Club, Birmingham City Council, StreetGames, and Sport Birmingham.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

The invaluable assistance of our partner organisations enabled us to perform successfully and efficiently to carry out our intended programs. They acted as a spur to accomplish our goals.

I express my gratitude to our employees and volunteers for their individual contributions to the successful execution of our programs. Their proficiency, understanding, and empathy are what set our services apart for our clients. I would like to take this opportunity to thank everyone who helped us.

Mr Pritesh Pattni Chair, Bidgley Power Foundation

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

1. ABOUT US

OUR VISION

Bidgley Power Charity is a people first organisation working in partnership to maximise positivity, independence and participation in civic life for young, old and disabled people in the city of Birmingham.

OUR MISSION

To work in partnership to make the hopes, dreams and aspirations of all who access and volunteer in our services a reality, enhancing quality of life, retaining dignity and treating others with respect.

“THE BIDGLEY POWER FOUNDATION IS A

PEOPLE FIRST ORGANISATION WORKING IN

PARTNERSHIP TO MAXIMISE POSITIVITY, INDEPENDENCE AND

OUR AIMS

[To provide recreational and leisure time activity in the interests of social ] welfare for able bodied and disabled people.
[To act as a resource for people living in Birmingham especially helping young ] people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
[Advancing vocational education (non-academic) and work-based education to ] develop employability and enterprise skills and to help Relieve unemployment.
[To promote civic life in the local community through volunteering and ] providing opportunities for people to make a positive change to their communities.
[We work with a diverse range of people both able bodied and disabled in ] need of help and support, from 6-year-olds to 60-year-olds plus, and offer specialist services catering for their different needs.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

2. PROJECTS IMPLEMENTED, 2023

2.1. HOLIDAY ACTIVITY CAMPS

We ran a Easter and Summer Camp as part of the Bring It On Brum campaign in 2023. We ran the club on two sites for two sets of children. One in Aston and the other in Highgate in Birmingham. Kids in Aston get involved in different activities such as football, badminton, tennis, volleyball, table tennis and various other activities indoor such as arts and crafts. We did the same on the High gate site, with access to pool tables, and board games for the kids as outdoor space was limited. We had a turnout of around 43 Kids at the Aston Site and 21 Kids at the Highgate Site.

In 2023, the HAF programme was held in Aston Pavilion, Trinity Road, Aston Park, Aston, B6 6JD

Benefits of Summer/Easter Camps:

Make new friends: Summer/Easter camp is a great place to meet new people from all walks of life. Campers often form close bonds with their bunkmates and other campers.

Learn new skills: Easter/Summer camps offer a variety of activities and workshops that can help campers learn new skills and develop their interests.

Gain independence: Summer/Easter camp can help campers learn to be more independent and self-sufficient. They will have the opportunity to make their own choices and take responsibility for their own actions.

Build confidence: Summer/Easter camp can help campers build their confidence and self-esteem. They will have the opportunity to challenge themselves and succeed in new activities.

Have fun: Summer/Easter camp is all about having fun and making memories that will last a lifetime. Campers will participate in a variety of activities that are designed to be enjoyable and engaging.

HAF programme has been a platform to improve the skills of children and learn new things.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Children engaged in painting activities

Children play different games

Children engaged in fun activities at the St Martyn’s Community Centre, Birmingham

Children are learning on art work, Summer Camp 2023

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Figure 1: Number of children who participated in HAF programme in Aston Pavilion

----- Start of picture text -----
Easter (April) HAF 2023 44
Summer (August) 2023 62
Winter (December) 2023 45
0 6 13 19 25 32 38 45 51 57 64 70
Number of children attended
----- End of picture text -----

WINTER HOLIDAY CAMP; DECEMBER 2023

Children over the Christmas break are typically more eager and active than usual, so it can be challenging for parents to keep them occupied. Our winter day camps are the ideal way to let youngsters run off some steam and have some fun while their parents go off to work or take care of Christmas preparations. We had organised excellent range of activities for children of all ages.

----- Start of picture text -----
Winter HAF Programme-2023, Kids
are engaged in arts activities
----- End of picture text -----

Children are enjoyed at theNature Park, Birmingham

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Aston Winter Camps 2023

Children are enjoying with cycling

Free bike lessons- 2023 Winter Camp

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

2.2. TRIP TO NATURE CENTRE : DECEMBER 2023

Children are enjoyed at theNature Park, Birmingham

We also took the kids on various trips such as the Nature Centre (pictured below), Digbeth Beach and Star City Bowling, Cadbury World and Cannon Hill Park. The kids enjoyed watching the Tamarins run around, while enjoying some ice cream in the sun. Digbeth Beach was full of adrenaline pumping rides and a huge beach for some fun in the sun.

Visit to the Nature Park

Nature Park visit

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

2.3. GET & LET LIVE CAMPAIGN (MARCH 2023)

Give & Let Live was a project that encouraged people to donate blood, through various social media platforms and advertising.

Donating blood has many benefits, both for the donor and for the recipient.

Get & Let Live Campaign

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Benefits for the donor:

Improved cardiovascular health. Some studies have shown that regular blood donation can help to lower blood pressure and cholesterol levels, and reduce the risk of heart attack and stroke.
Reduced risk of iron overload. Iron is a necessary nutrient, but too much iron can increase the risk of certain health problems. Blood donation can help to reduce iron levels in people who have iron overload.
Boosted immune system. Donating blood can help to boost the immune system by stimulating the production of new blood cells.
Sense of accomplishment and goodwill. Donating blood is a selfless act that can help to save lives. It can also give donors a sense of accomplishment and goodwill. Benefits for the recipient:
Life-saving. Blood transfusions are essential for many medical procedures, including surgeries, cancer treatments, and accident trauma care. Blood donations help to ensure that there is enough blood available for everyone who needs it.
Improved quality of life. Blood transfusions can help to improve the quality of life for people with chronic conditions such as leukaemia, anaemia, and sickle cell disease.
In addition to the above benefits, donating blood is also a relatively quick and easy process. Most blood donations take about an hour, and donors can typically return to their normal activities immediately after donating.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Benefits of Blood donation

2.4. WORKSHOP ON HEALTHY FOOD

Chirldren’s and adults health and wellness are crucial; the happier and more active children are, both at work and at home, the more productive they will be. Eating healthily is also critical to their overall performance. A balanced diet increases immunity, improves energy and focus, and lowers the risk of disease,

Children improving their knowledge on healthy food

so the advantages of excellent nutrition are many. Because of these benefits, we organised an engaging and entertaining nutrition workshops to improve well-being of children by improving their knowledge of a better diet. The workshop covered all the important details on healthy eating and why it may make children happier and healthier in preparing their food.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Workshop on healthy eating patterns at the Aston Pavilion

Children enjoy healthy food at the workshop

2.5. WOMEN’S WELLNESS DAY – WEST MIDLANDS COMBINED AUTHORITY

We organised a small community led exhibition by gathering the health professionals in the area to promote their wellness businesses and organisations; and to help bring the community together to discover the help and advice that is available through this network. Some of our experts included blood pressure expert, a pharmacist, a nutritionist, a woman's fertility consultant, a yoga teacher, a badminton coach, and some healthy stalls for people to buy things.

We also set out two bouncy castles for any kids that wanted to keep active while their moms got involved with the workshop, it was a good turnout, with over 30 kids throughout the day and around 20 members of the community showing interest in the event throughout the day. Women got involved in the yoga workshop too.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Women’s Wellness Day

Children enjoyed with bouncy castle

2.6. LITTLE PIONEER STAY AND PLAY SCHEME

(Started January 2023 – 15 Moms/Child Minders/. 20 Children )

Bidgley Power Foundation, in collaboration with the Sport Birmingham launched ‘stay and play scheme. This is programme targeted little children people aged 3-6. Twenty children participates every Thursdays for two hours.

Little Pioneers is a mothers and babies club in the heart of Aston.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

It is a place where mothers can meet other mothers, socialise, and share their experiences of parenting. Mothers and baby clubs also offer a variety of activities and resources for mothers and babies, such as:

Meet other mothers and make friends. Mothers and baby clubs are a great way to meet other mothers in your community. This can be especially helpful for new mothers, who may be feeling isolated.

Get support and advice from other mothers. Mothers and baby clubs offer a supportive environment where mothers can share their experiences and get advice from other mothers.

Learn about parenting and child development. Mothers and baby clubs often offer workshops and seminars on parenting and child development. This can help mothers to learn more about how to raise their children.

Children enjoy play and learning opportunities at Aston Pavilion

Provide a safe and stimulating environment for babies. Mothers and baby clubs provide a safe and stimulating environment for babies to play and socialise.

Have fun and enjoy yourself. Mothers and baby clubs can be a lot of fun. They offer a variety of activities and resources for mothers and babies, and they can be a great way to relax and de-stress.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Details about the stay & play programme

Kids enjoy at the stay and play programme

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

2.7. CHRISTMAS PARTY FOR CHILDREN, DECEMBER 2023

We launched a Christmas party on 30th December 2023 for the children. 62 children took part in this events. Little kids received as gifts such as D toys, dolls, cars, puzzles, legos, and drawing kits. They spent their time playing with toys and enjoyed throughout the day. These toys have been beneficial for their cognitive and social development. This was one of the most enjoyable Christmas activities children had.

Aston Winter Camps 2023

Santa gave away gifts to children

2.8. BADMINTON CLUB FOR MALES & FEMALES

(Throughout the Year / Multiple Teams / Turn out: 20-25 Players per club / Multiple Club)

We run multiple badminton sessions throughout the week, for all skill levels. We currently have a women's team, men's teams, and a mixed team entered into the Birmingham badminton League, and we run multiple sessions to cater to different skill levels throughout the week. We have a beginner's session every Tuesday at Ark St Albans Academy for 2 hours on a Tuesday, as we have recently started that club, we are currently advertising to find players through different social media streams. We also pride ourselves in providing a space for women on the court and have a women's team that plays on Thursday evenings at King Edwards Grammar School in Aston Birmingham at 7:30pm – 9:30pm.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

We have 20 regular members who really enjoy the sessions and ensure to come every week. There is a significant demand for this activity and it has been running for over 3 years.

Badminton sessions: A popular sports activity among young people and adults

Our key aim is to make sports more accessible to the local community in an attempt to improve social, mental, and physical aspects of the lifestyles.

2.9. ACTION FOR ASTON – JUBILEE FUND

(Started February 2023 – Forecasted outreach: 20,000 homes in Aston)

Through Action for Aston our aim is to bring the community together by keeping them connected with what is happening in their area and creating a network of advice, opportunity and collaboration between organizations that operate in the area such as pharmacists, foodbanks,

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

supermarkets, West Midlands Fire Service and many more organizations that serve our community. We want to link the community with what's going on through a magazine that is released quarterly, and a website from where the community can access help/advice and subscribe to stay in the loop. We will also launch a website by which we can stay connected with our network and vice versa.

Action for Aston: Newsletter

2.10. ASTON PAVILION COMMUNITY HUB – GRAND OPENING PROJECT (JUNE 2023)

In an effort to reintroduce the Birmingham Wellbeing Centre that Bidgley Power has taken over, BP reintroduced this great space as The Aston Pavilion Community Hub. The main objective was to be accessible to the community and enhance the opportunities for young people through the facilities we can offer

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

here. Not only is it a space that people can hire out for their events or conferences, but a great place for people of all ages to come together and get involved in the activities we hold here, such as Little Pioneers, IT Basics Skills Online Learning, A Warm Space, to name a few.

Grand opening of the Aston Pavilion Community Hub

2.11. ASTON PAVILION WARM HUB - WARM SPACES

During the cold seasons, we offered a community space where people can go to stay warm, socialise, and access support. It was open to everyone, regardless of income or financial situation. We offered:

A warm place to sit and relax
Hot drinks and snacks
Free Wi-Fi
Access to computers and other resources
Information and advice on energy saving and other cost of living support · Social activities and events

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Warm hubs can be a lifesaver for people who are struggling to afford to heat their homes, or who are feeling lonely or isolated. They can also be a great place to meet new people and make friends. They are often set up in community centers, libraries, churches, and other public buildings. They may be run by local charities, community groups, or local government.

Aston Pavilion Warm Hub

The day starts with a cup at the warm hub

2.12: KEY CHALLENGES AND ISSUES FACED

Our organization faced various challenges during 2023 financial year that can hindered the operations and impact. Following are the main challenges and issues we faced:

Lack of funding: We struggled to secure adequate funding to support our programs and services. To secure funding, we need to pursue diverse funding sources such as grants, donations, sponsorships, and fundraising events. Build strong relationships with local businesses, foundations, and government agencies to increase funding opportunities.
Staff training: Limited resources made it difficult to provide staff with the necessary training to carry out their roles effectively.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Volunteering: Attracting and retaining skilled volunteers became a significant challenge.
High utility bills: Operating costs, such as utility bills, strain limited budgets. We will have to implement energy-efficient practices, invest in energy-saving equipment and technologies, and explore renewable energy options, such as solar panels or community energy programs.
Limited resources: We also faced lack of physical resources, such as space, equipment, and materials. We will look at developing partnerships with local businesses, government agencies, and other organizations to share resources and collaborate on joint initiatives.
Communication and outreach: Effectively reaching and engaging with the target community can be challenging. Solution: Develop a comprehensive communication strategy that incorporates multiple channels, such as social media, community events, newsletters, and door-to-door outreach.
Burnout: Staff and volunteers may experience burnout due to high workloads and limited resources. Solution: Encourage work-life balance, provide support for stress management, and ensure that workloads are distributed fairly among team members.
Regulatory compliance: Ensuring compliance with various regulations and reporting requirements can be time-consuming and complex. Solution: Designate a staff member or volunteer to oversee compliance, stay informed about changes in regulations, and seek support from legal professionals when needed.

By recognising these common challenges and proactively addressing them, we hope to build resilience and improve our ability to serve our target communities effectively.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

The Bidgley Power foundation, 463 Lichfield Road, Aston, Birmingham,

B6 7SS Tel: 0121 328 7260 E-mail: info@Bidgleypwer.org www.Bidgleypower.org Find us on:

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

SUPPORT US

YOU CAN HELP PEOPLE DONATE AND HELP US TO IMPROVE TO UNLOCK THEIR THE LIVES OF THE PEOPLE WE POTENTIAL AND BUILD SUPPORT. OUR SERVICE USERS ARE A BRIGHTER FUTURE OFTEN OVERLOOKED BY SOCIETY BY SUPPORTING OUR AND WE WANT TO MAKE SURE THAT LEADING YOUTH THEY HAVE TO THE BEST AND DISABILITY OPPORTUNITY TO LIVE CHARITY INDEPENDENT QUALITY LIVES.

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

Birmingham City Council

Badminton England

Aston Sports and Community Club CIC

Sacred Heart MSC Cordate Community, Witton Road, Aston.

Special Olympics Disabled Clubs

James Pearce & Co Solicitors

Aston Villa Foot Ball Club

Sports England

Birmingham Sports Partnership

Deloittes

The Disability sports forum

Locality

Workers Education Association

Street Games

Broadway School , Aston

Sister to Sister Muslim Women’s Forum

Midland Heart Housing Association

Social Investment Board

Tesco Stores Aston

Heart of Birmingham Primary Care Trust

NACVO

Vaghella and Co Chartered Accountants

Aston Manor Coaches

Birmingham Resilience Team

ANNUAL REPORT 2023: BIDGLEY POWER FOUNDATION

REGISTERED CHARUTY NUMBER: 1145102 (England and Wales)

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 FOR BIDGLEY POWER FOUNDATION (REGISTERED CHARITY1104512)

Carringtons Accountants Unit C 325-329 Holyhead Rd Handsworth Birmingham B21 0BH 0121 6664960

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

	Page
Company Information	1
Report of the Trustees	2
Income and Expenditure Statement	3
Income Statement notes	4
Balance Sheet Statement	5
Notes to the Financial Statements	6
Certified Accountants' Report	7

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31st DECEMBER 2023

The trutesss present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of charatable services and reliefs to people living not exclusively in Aston and Birmingham.

DIRECTORS

The trustees shown below have held office during the whole of the period from 1 December 2022 to the date of this report.

Mr P V Pattni Mr A James Mr J Khan

STATEMENT OFTRUSTEES' RESPONSIBILITIES

TheTRUSTEES are responsible for preparing the Report of theTRUSTEES and the financial statements in accordance with applicable law and regulations.

Company law requires theTRUSTEES to prepare financial statements for each financial year. Under that law theTRUSTEES have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law theTRUSTEES must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

Company and of the surplus or deficit of the company for that period. In preparing these financial statements, theTRUSTEES are required to:

select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;

TheTRUSTEES are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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. This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P V Pattni - Director

Date: …29/10/2024

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) BALANCE SHEET FOR THE YEAR ENDED 31st DECEMBER 2023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006. TheTRUSTEES acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of trustees on .20/9/24 and were signed on its behalf by:

Mr P V Pattni - Director_

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31st DECEMBER 2023

Description Income Restricted Funds Unrestricted Funds Interest Received Youth Investment Fund (YIF) Grant (20%)	2023 (£)	2022 (£)

	81,160 37,141 303 17,782	73,478 33,460 272 0

Total Income	136,385	107,210

Expenditure Rent and Rates/Hire Utilities Insurance Consumables Subscriptions/Fees Bank Charges Trade Waste Small Equipment Salaries/Volunteer Expenses Depreciation of Equipment Equipment Write Off Maintenance
	33,000 27,763 1,200 3,650 500 550 936 11,000 39,300 1,878 4,500 2,750	26,400 22,210 960 2,920 400 440 749 8,800 31,440 1,502 3,600 2,200


Total Expenses	126,026	99,421


Excess of Income	10,359	7,789

The notes form part of these financial statements

CURRENT LIABILITIES

	2023	2022

Creditors	8,160.00	6,800

	8,160.00	6,800

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023

TRUSTEES: MR PRITESH PATTNI MR ADRIAN JAMES MR JASON KHAN

SECRETARY: MR PRITESH PATTNI

REGISTERED OFFICE:

459 Lichfield Rd,Aston,Birmingham, B6 6LR

REGISTERED NUMBER: 1145102 (England and Wales)

ACCOUNTANTS: Carringtons Accountants Unit C 325-329 Holyhead Rd Handsworth Birmingham B21 0BH 01216664960

Description Fixed Assets Equipment Current Assets Cash in Bank (as of 27/12/2023) Total Current Assets Current Liabilities Creditors Deferred Income (YIF grant 80%) Net Current Assets Total Net Assets Retained Funds Brought Forward Excess of Income Total Retained Funds	2023 (£)	2022 (£) 18,800 7,900 7,900 6,800 0 1,100 19,900 14,086 7,789 21,875


	22,560.00

	216,045.74

	216,045.74



	8,160.00

	71,128.00 136,757.74

	159,317.74


	21,875.00


	10,358.85

	32,233.85

CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OFTRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF BIDGLEY POWER FOUNDATION(REGISTERED CHARITY)

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) for the year ended 30 December 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board ofTRUSTEES of BIDGLEY POWER FOUNDATION (REGISTERED CHARITY), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) and state those matters that we have agreed to state to the Board ofTRUSTEES of

BIDGLEY POWER FOUNDATION (REGISTERED CHARITY), as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board ofTRUSTEES, as a body, for our work or for this report. It is your duty to ensure that BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BIDGLEY POWER FOUNDATION (REGISTERED CHARITY).

You consider that BIDGLEY POWER FOUNDATION (REGISTERED CHARITY) is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of BIDGLEY POWER FOUNDATION (REGISTERED CHARITY). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This page does not form part of the statutory financial statements

Notes on Accrual Accounting for the Youth Investment Fund (YIF) Grant

In preparing the 2023 accounts for the Bidgley Power Foundation, we have adopted an accruals basis to accurately reflect the financial activity associated with the Youth Investment Fund (YIF) grant. Under the accrual method, income and expenses are recognized in the period in which they are earned or incurred, rather than when the cash is received or paid. This approach provides a clearer picture of the foundation’s financial activities within the specific reporting period.

Treatment of the YIF Grant

Given that the YIF grant represents a substantial one-off amount intended to support activities primarily in 2024, we have applied deferred income accounting. Specifically: Recognition of Earned Income: Only 20% of the YIF grant is recognized as income in 2023, reflecting the portion that is expected to be utilized within this year. This ensures that the foundation’s income statement accurately reflects resources available and expended during the reporting period.

Deferred Income: The remaining 80% of the grant, intended for future activities, is reported as a liability under deferred income on the balance sheet. This allocation acknowledges that these funds are reserved for use beyond the 2023 period, aligning the foundation’s reported income with actual spending needs.
Rationale for Accrual Treatment
Using the accruals basis for the YIF grant is essential for several reasons:
Financial Accuracy: By deferring a portion of the grant, we avoid overstating income for 2023 and instead present a balanced view of available resources and their intended use.
Fiscal Responsibility: The deferral aligns with funder expectations and financial stewardship principles, demonstrating that funds are allocated specifically for future initiatives as planned.
Enhanced Comparability: By adopting accrual accounting, we ensure that the foundation’s income and expenses remain comparable year-over-year, providing stakeholders with a realistic view of financial performance without distortions from one-off funding events.

This treatment helps stakeholders and funders understand the foundation’s financial status accurately, ensuring that the accounts provide a reliable basis for future planning and financial decision-making.

ACCOUNTANTS: Carringtons Accountants Unit C 325-329 Holyhead Rd Handsworth Birmingham B21 0BH 01216664960

Date: .21/10/2024

Carringtons Accountants Unit C 325-329 Holyhead Rd Handsworth Birmingham B21 0BH 0121 6664960

September 28th 2024

Accounts for The Bidgley Power Foundation

To whom it may concern,

We write as the appointed auditors of the charity registered with the charity commission as “the Bidgley Power Foundation”. Formerly known as the Bidgley Power Community Charity and registration number 1145102.The registered address of the charity is : 459 Lichfield Rd,Aston,Birmingham B6 7SS.

The production of the Statement of Accounts as at the 31 December 2023 each year is a statutory requirement.

This letter gives an undertaking from the auditor to those concerned that an appropriate level of care, diligence and consideration has been employed in arriving at the figures contained in the Statement of Accounts.

As the appointed Auditor we have now concluded this year’s audit and her findings in respect of the accounts themselves and the charity’s Value for Money conclusion are reported elsewhere in the accounts as attached. Our opinion is unqualified, indicating that the Statement of Accounts gives a true and fair view of the charity’s financial position and that the charity made proper arrangements to secure economy, efficiency and effectiveness in its use of resources

Sincerely yours,

Mr G.J. Carrington