2023-03-31-accounts

2 0 2 2 - 2 0 2 3 ANNUAL REPORT

A N D F I N A N C I A L S T A T E M E N T S

TABLE OF CONTENTS

Trustees’ Report Introduction	2
Objectives and Activities	3
Achievements and Performance	4
Financial Review	8
Structure, Governance and Management	9
Statement of trustees' responsibilities	11
Independent Examiner’s Report	12
Trustees, Senior Management and Professional Advisors	13
Statement of financial activities	14
Balance Sheet	15
Notes to the Financial Statements	16

TRUSTEES REPORT FOR THE YEAR ENDING 31 MARCH 2023

The Trustees (who are also directors of the charity for the purposes of the Companies Act present their annual report together with the financial statements of BUILD Charity Limited for the year 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law.

The Trustees confirm that the Annual report and financial statements comply with the current statutory requirements, the requirements of the BUILD Charity governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report} Regulations 2013 has been omitted.

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OBJECTIVES AND ACTIVITIES

The objects of the charity are specifically restricted to the following:

• to provide relief to people of all ages with learning disabilities and/ or other disabilities and to their families, dependents and carers; and

• to raise awareness within society of the needs and abilities of people with disabilities; and

• to provide opportunities for an active, and positive community life for people of all ages with learning disabilities and / or other disabilities.

In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at our Trustee meetings. All services are based on promoting equality of opportunity and to encourage informed choice, and decision making by our beneficiaries.

ACTIVITIES UNDERTAKEN TO ACHIEVE OBJECTIVES

In order to fulfil its objects, BUILD Charity Limited has structured its service delivery around three core areas of work during this period. They are best described as social, leisure and learning opportunities. We met our objects through the delivery of our Annual Operations Plan (linked to a 3-year Strategic Plan) and an annual operations budget forecast, all of which were considered, and approved by the Board of Trustees. A summary of those activities follows:

Social Opportunities

17 1 Established in 1967, the BUILD Charity’s Wednesday Club has run almost every week in central 16 2 Norwich. It provides a meeting place for people with disabilities to chat with their friends and access a range of activities. This includes, indoor and outdoor adapted sports, karaoke sessions, bingo, quiz 15 3 nights, Wii Sports games as well as a men’s and women’s discussion group, a creative arts project and a range of regular workshops including helping people with health and wellbeing.

14 4 The programme has developed in partnership with its beneficiaries, and managed by volunteers both with, and without disabilities, for an audience that can range from 25 to 45 people each week, depending on personal choices and the popularity of the varied programme, and with ages from late 5 teens to mid eighties.

Leisure Opportunities 12

BUILD Charity’s Community Opportunities Programme (COP) offers people with disabilities the opportunities to engage in supported social and leisure activities in local communities including sports,11 7 gardening, ten pin bowling sessions, eating out at local pubs and restaurants, creative crafts, as well 10 8 as sessions in a local gym for fitness and movement, and a regular walking group in the city, coast and9 countryside. All of these activities form part of a regular programme spread over weekdays, evenings and weekends. It also includes a range of days out, short breaks and holidays through our “GetAways” scheme. This programme also features “Fuse Party Nights” which are delivered in partnership with a city-based nightclub in Norwich.

This programme delivers mainly evening and weekend opportunities, across Norfolk, and is promoted providing people with informed choice, so they do what they want to, rather than what other people provide for them.

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OBJECTIVES AND ACTIVITIES

- CONTINUED

Learning Opportunities

Our Skills for Life project provides a series of weekend half-day workshops for people with disabilities. These provide people with a range everyday skills and experiences designed to promote greater independence in the living. In addition, we host longer, progression-based learning activities such as the “BUILD Booster” personal development programme, digital skills and cookery courses run independently or in partnership with the local authority’s Adult Learning Service.

ACHIEVEMENTS AND PERFORMANCE

Review of Activities

‑ During this period (1 April 2022 31 March 2023) we hosted 299 separate activities for our beneficiaries (up 8% on the previous year). These were delivered through a published programme setting out a calendar of opportunities for three months at a time. The majority of activities required a booking and demand often outstripped supply.

Opportunities were offered to people registered as members with the charity, and anyone else who requested details. We did not use a referral process. People continued to choose what to do based on17 1 informed choice and availability.

Activities offered to beneficiaries during this period included:

The Wednesday Club

This ran weekly, on a Wednesday evening for 50 sessions from hired premises at the Lazar House, 14 4 Sprowston Road, Norwich throughout the period. Attracting an average attendance of 18 paying members each week, the core programme of art, table top games, karaoke, bingo, quizzes, and indoor sports was supplemented by workshop sessions ranging from nature walks to cake decorating, a 5 jubilee party and outdoor sports night.

The Skills for Life Programme

12

The regular format of a monthly Saturday morning workshop was used to provide the following learning, and independent living development opportunities to our beneficiaries. 7

• Local library visit

• Personal finance and banking Employment workshop

• Hazards in the home Mindfulness in nature Teamwork Winter wellbeing Supermarket shopping Planning a Day Out Looking after pets Sewing skills

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ACHIEVEMENTS AND PERFORMANCE

- CONTINUED

The Communities Opportunities Programme (COP)

Ten Pin Tuesdays – social bowling in Norwich and Dereham

Fitness for Fun – Sessions hosted at a local gym, and an exercise class were lead by BUILD volunteers and open to members, staff, volunteers and carers.

Sunday Lunch Club & Weekday Supper Club – twice-monthly meals at local pubs and restaurants promoting social budgeting, trying new foods and developing social skills took place in 24 different eateries across the county of Norfolk.

Walkabouts – Monthly Sunday weekend walks in the city, coast and countryside for small groups, also included a link with the Norfolk Walking Festival in October 2022 when we hosted extra walks (open to the public) with themed tours which included foraging, a ghost walk and a historical walk charting the Kett’s Rebellion.

Sunday Cinema –a monthly opportunity to support people with disabilities to see a contemporary film at the local cinema.

17 1 Swimming –a monthly public session at the UEA Sportspark.

Fishing – following a pilot session in the summer of 2022, work was undertaken during the winter months to attract funding and volunteers to support a monthly session from the Spring of 2023.15 3

Grow and go – was BUILD Charity’s allotment project, with twice monthly sessions growing food at a 14 4 rented allotment in northeast Norwich. Produce was shared amongst the “growers” with surpluses donated to a local community larder, and food bank. 5 Fuse Parties – based at The Waterfront, Norwich in partnership with the University of East Anglia Students’ Union, they provided a nightclub experience, in a safer environment and were described as “the best night out for people with disabilities in Norfolk”. 12

BUILD Booster Programme 2022-23

7 11 This programme (Re-BUILD and Connect) was originally developed during the first national Covid-19 “lockdowns” of 2020 and was designed to provide support and encouragement to our beneficiaries as10 8 9 they emerged from the restrictions of the Covid-19 global pandemic. It launched in April 2021 and was successfully completed by 7 people with disabilities. In October 2021 the programme was independently reviewed by a student Occupational Therapist and recommendations made which were included in an updated programme launched and delivered in the Autumn of 2022.

A further 8 beneficiaries completed a ten-week programme of developmental activities culminating in a “Graduation ceremony” in the Spring of 2023 attended by families, supporters and special guests. These skills included digital skills, teambuilding, self-care, social skills, planning skills and self-review.

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ACHIEVEMENTS AND PERFORMANCE

- CONTINUED

GetAways and the BUILD Travel Service

Providing days out, short breaks and holidays.

During this period, we hosted a camping trip in North Norfolk, as well as day trips to Cadbury World, Woburn Safari Park and the set of TV Soap Emmerdale. We also joined in Carol’s in the Cave with a unique carol concert in the caves of the Peak District, as well as two days of sailing and canoeing on the Norfolk Broads with the Nancy Oldfield Trust.

Resources

The following section details the resources available, and used by the charity during this period.

‑ Employed staff These activities were managed by an employed staff team of 2.40 full time equivalent staff. This included 2 x 0.5 FTE back-office roles in Administration and Finance, and 1 x 0.32 FTE ‑ ‑ Programme Co ordinator (for Skills for Life) and the Chief Executive (1.08 FTE) who was re deployed into an active programme operations role in addition to strategic and fundraising roles. A temporary Marketing Assistant was employed for 6 weeks in the Autumn of 2022 in partnership with business leadership organisation Nelsonspirit (through a scheme that promotes opportunities for future business leaders). The optimum staffing levels were set at 3.58 to include 2 Programme Co-ordinators and a17 1 Marketing Assistant. Issues with recruitment and retention had an impact on resources but not on the 16 2 delivery of front-line services.

15 3 Volunteers – Volunteers remained the core part of front-line delivery supporting over 800 engagements during the year, with numbers of registered volunteers rising from 49 on 31st March 2022 to 55 a year later.

Trustees ‑ The Board of Trustees met regularly throughout the period receiving regular briefings and taking considered decisions around risk, finance, and sustainability throughout the period. The Board 5 always remained quorate.

Funding for our programmes 12

During this period the charity was funded through a variety of sources. These included grants from charitable trusts, fees charged for activities offered and unrestricted funds generated from community7 11 fundraising activities, and personal and corporate donors. Amongst funds raised were:

9 Funding from charitable trusts and others– Through work done by the Chief Executive, in partnership with an annual contract with Felton Fundraising, the BUILD Charity submitted 117 separate funding bids during this period with an “ask” totalling £3.38m. 93% of the income generated came through this source. Total income from this type of fundraising was in the region of £124,500.

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ACHIEVEMENTS AND PERFORMANCE

- CONTINUED

Funding for our programmes - continued

“Do Your Bit For BUILD” – what has now become an annual “Self-help” fundraising weekend where we ask our members, staff, volunteers, trustees and friends and families to take part in a range of selfdetermined activities to raise money for the charity. This takes place in April each year. In 2022 our members with disabilities, staff and volunteers did and bike rides, cake bakes, as well as sports challenges to raise around £2,200. The aim is to show external funders that the charity is willing, and able, to “Do their bit” before asking others for support.

Costs and fees

We continued to manage our operating costs, for the delivery of services, we were able to continue to run the charity within manageable budgets delivering affordable services at a time when pressure on individual social care budgets continued to increase, and family carers feeling an even tighter squeeze on providing appropriate social support. To meet that need for a more affordable service, the Board of Trustees maintained two levels of annual membership to reflect the demand for those who used our services on a regular basis, (Gold Membership) and those who used it only occasionally (Basic Membership).

Our cost management practices showed that inclusive costs of delivery for the Charity’s services17 1 (staffing, accommodation, insurance, volunteer recruitment and vetting, administration and financial 16 2 management) were around £507 per activity 2022-23. We continually explore, and implement practices that review our costs, suppliers and tightly manage our budgets. 15 3

Previous years’ comparisons are given for illustrative purposes: £447 (2021-22) £92(2020-21 due to 14 4 ‑ ‑ higher number of on-line activities throughout the pandemic) £493 (2019 20) £442 (2018 19) £550 ‑ ‑ ‑ ‑ (2017 18) £505 (2016 17) £551 (2015 16) £600 (2014 15) 5 Direct beneficiaries of the activities personally covered the costs of the “Public ticket price” (the amount any member of the public would pay for meals, entrance fees etc) plus an Activity Support Fee, paid to the Charity, towards the cost of hosting and facilitation. This was on top of the annual12 Gold or Basic membership fee.

7 11 People using the services provided by the charity paid a total of £ 21,068 (through membership, administration and cancellation fees, confectionery sales, entrance fees etc) representing around10 8 9 ‑ 13.87% of the charity’s total operational costs. (11.18% in 2021-22, 7% in 2020-21, 13.1% in 2019 20, 14.37% in 2018‑19, 16.38% in 2017‑18, and 28% in 2016 17).

The charity aims to keep its fees to an affordable level for its beneficiaries but recognises, beneficiaries of the charity continue to struggle to fund all the activities they want to.

The Trustees have an aspirational target to reduce the cost of beneficiary contributions further over coming years to reduce the effect of the “disability premium” cost of accessing community based social, leisure and learning opportunities. It has succeeded in reducing that level of member contribution by around 14% since 2016.

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FINANCIAL REVIEW

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy

Net assets attributable to unrestricted funds (excluding fixed assets) as shown in note 11 amount to £16,573 . These represent the "free" reserves of the charity.

Trustees have agreed a reserves policy based on Charity Commission guidance which seeks to hold the equivalent of three to six months normal running costs in reserve. This is to protect the charity in the event of a further downturn in fundraising or unforeseen expenses. Based on total expenditure during 2022-23, this would normally be seen as an amount between £37,951 and £75,900. Trustee regularly review reserves levels as part of a quarterly review and when adjusting for non-core expenditure in 2022-23, the high levels of restricted funds carried forward to the current financial year, and the agreed budget forecast for 2023-24 they are satisfied that the free reserves figure is adequate in the short term even though it falls below the lower end of this policy.

Donors in 2022-2023

17 1 The following organisations gave grants, or donations, to fund BUILD's charitable activities during the 16 2 financial year 2022-23. We thank them for their support. 29th May 1961 Charitable Trust15 NCF - Your Big Ideas Fund3 A Gallant - donation Nelsonspirit Aquarius Charitable Foundation Nigel Bertram Charitable Trust B Sinclair - donation 14 P Watson Farrar - donation4 Baily Thomas Charitable Fund Paul Bassham Charitable Trust C Goodbody - donation R Morgan - donation Charities Aid Foundation R S Brownless Charitable Trust 5 Charities Trust S Young - donation D C Moncrieff Charitable Trust Shell UK D George - donation Sport England (Active Norfolk) 12 Douglas Arter Foundation T Taylor - donation Dunston Hall Golf Seniors collection bucket The Alan Boswell Charitable Trust Easyfundraising 11 The Albert Hunt Trust 7 Edward Gostling Foundation (Year 1) The Alderman John Norman's Foundation Forbes Charitable Trust 10 9The Anne French Memorial Trust8 Garfield Weston Foundation The Archer Trust Gladys Lancaster Will Trust The Childwick Trust H Troughton - donation The Forbes Charitable Trust In memory J Verdejo The Geoffrey Watling Charity J Burgoyne - donation The Lady Hind Trust L Shurey - donation The Mildred Duveen Charitable Trust M Duffy - donation The R C Snelling Charitable Trust M Seaman - The Brisley Bell The Strangward Charitable Trust Mills & Reeve Charitable Trust V Mash - donation Mr & Mrs Philip Rackham Charitable Trust National Lottery - Awards for All

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FINANCIAL REVIEW

- CONTINUED

Donors in 2022-2023 - continued

In addition, donations were received from a number of individuals (including members donating back refunds and volunteers who donated back their volunteering travel or activity expenses) as well as income from community fundraising activities. Some donors have wished to remain anonymous.

93.27% of funds raised were sourced by the Chief Executive or contracted fundraising professionals, (Felton Fundraising and Appeals) 2.07% from personal donations and 4.65% from events hosted by the BUILD Charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

BUILD Charity Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The charity was incorporated to take over the assets and operations of 17 1 the former registered charity BUILD (registration 264584), which had been established for charitable 16 purposes since 1967. 2

The BUILD Charity began its activities as from 1 July 2012, at which point unincorporated BUILD15 3 stopped trading and its assets were transferred to BUILD Charity as a charitable company. The address of the Registered Office, and details of the Trustees, senior staff and principal professional 14 4 advisers, are all given on page 13.

Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co- opted under the terms of the Memorandum of Association.

Policies adopted for the induction and training of Trustees

Trustees are appointed annually in line with the terms of the Memorandum and Articles of Association7 11 recognising the need for a broad range of skills and experiences required in the governance of the charity. The Charity encourages those people who would be classed as beneficiaries of the charity,10 8 and have the required skills and experiences to be involved in the governance processes.

Prior to appointment, prospective Trustees are familiarised with the aims and objectives of BUILD Charity Limited, its decision making structures and introduced to key personnel, including the Chairman and Chief Executive. This briefing offers an opportunity to provide information about their responsibilities, and liabilities. It is led by the Chief Executive, and includes familiarisation with the constitution, annual plan, annual budget, format of Trustees meetings and definitions of "strategic" and "operational" in respect of various roles within BUILD Charity Limited.

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STRUCTURE, GOVERNANCE AND MANAGEMENT

- CONTINUED

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. This includes a formal Risk Register introduced in September 2019 which is reviewed at each Board meeting.

As part of its strategic and operational management the Board of Trustees receives, and reviews a quarterly management reporting bringing together details of;

• Income and expenditure (compared to budget)

• Financial balance sheet

• Solvency threshold reviews

• Fundraising applications and successes

• Beneficiary and volunteer engagement activity Number of memberships

17 1 This report is published, and scrutinised at quarterly Board meetings.

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STATEMENT OF TRUSTEES' RESPONSIBILITY

The Trustees (who are also directors of BUILD for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees 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 charitable company and the group of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and17 1 explain the charitable company’s transactions, disclose with reasonable accuracy at any time the 16 2 financial position of the group and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity’s constitution. They are also responsible for 15 3 safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared taking advantage of the exemptions available for small companies.

Approved by the Trustees and signed on its behalf by:

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Tim Taylor, Co-Chair of the Trustees Caroline Williams, Co-Chair of the Trustees

Dated 21 November 2023

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INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent examiner’s report to the Trustees of BUILD Charity Limited

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the charity (and 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 charity 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 the charity's accounts 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 charity 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.

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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated 30 November 2023 Lorraine Hammond ACA

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TRUSTEES, SENIOR MANAGEMENT AND PROFESSIONAL ADVISORS

As at 21 November 2023

Directors / Trustees who served during the year and to the date of signing

Liam Davison Chloe Harrison Tim Taylor, Co-Chair Jeremy Tusting Caroline Williams, Co-Chair

Senior Management

James Kearns – Chief Executive Officer

Company Number

08069610

Charity Number

1147395

Registered Office 14

Ground Floor, 12 Bank Street, Norwich, Norfolk, NR2 4SE

13 Independent Examiner

Lorraine Hammond ACA

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

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Unrestricted Restricted
Total 2023 Total 2022
Notes Funds Funds
£ £
£ £
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Income from
Donations and legacies	3	28,265	88,077	116,342	112,867
Charitable activities		13,004	-	13,004	5,610
Other trading activities		16,778	-	16,778	14,542
Investments		203	-	203	45
Total Income		58,250	88,077	146,327	133,064
Expenditure on
Raising funds	4	10,921	-	10,921	9,199
Charitable activities		69,872	71,010	140,882	114,187
Total Expenditure		80,793	71,010	151,803	123,386
Net Movement In Funds		(22,543)	17,067	(5,476)	9,678
Reconciliation of funds
Total funds brought forward		43,616	54,436	98,052	88,374
Total funds carried forward	12	21,073	71,503	92,576	98,052

The Statement of Financial Activities includes all gains and losses in the year and complies with the requirements for an income and expenditure account under the Companies Act 2006.

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BALANCE SHEET AS AT 31 MARCH 2023

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2023 2022
Notes
£ £
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	Notes	2023 £	2022 £
Fixed Assets Tangible assets 8 4,500 1,647
4,500 1,647
Current Assets Stock Debtors Cash at bank and in hand 9 110 8,000 89,317 1,041 6,938 94,442
97,427 102,421
Creditors: amounts falling due within one year 10 (9,351) (6,016)
Net Current Assets 88,076 96,405
Net Assets 92,576 98,052
Funds Unrestricted funds Restricted funds 12 12 21,073 71,503 54,436 43,616
Total Funds 92,576 98,052

Company Number 08069610 Charity Number 1147395

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 21 November 2023 and signed on their behalf by:

...................................................... Tim Taylor - Co-Chair ........................................ Caroline Williams - Co-Chair

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

BUILD Charity Limited is a company limited by guarantee and registered in England and Wales. The members of the company are the Trustees named on page 13. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

2. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

BUILD Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

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NOTES TO THE FINANCIAL STATEMENTS

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Fixtures & fittings 15% reducing balance Office equipment 25% reducing balance Computer equipment 33% straight line

2.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

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NOTES TO THE FINANCIAL STATEMENTS

2.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity meets its obligations to make employer contributions to defined contribution schemes chosen by its employees and the pension charge represents the amounts payable by the charity to these funds in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

	Unrestricted Funds £	Restricted Funds £	Total 2023 £	Total 2022 £
Donations Grants Similar incoming resources	12,395 15,000 870	- 88,077 -	12,395 103,077 870	48,215 64,584 68
Total	28,265	88,077	116,342	112,867
Total 2022	48,283	64,584	112,867

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NOTES TO THE FINANCIAL STATEMENTS

4. Analysis of expenditure by Activities

----- Start of picture text -----
Raising Charitable Total Total
Funds Activities 2023 2022
£ £ £ £
----- End of picture text -----

	Raising Funds £	Charitable Activities £	Total 2023 £	Total 2022 £
Direct costs Rent and rates Sundries Staff Costs - direct Stationery and telephone Programme delivery Venue hire Accountancy and bookkeeping Insurance Volunteer expenses Travel costs Staff training Repairs Light and heat Professional fundraising fees Other fundraising activities Legal fees Marketing and branding Support costs Staff costs - support Depreciation IT and website costs Subscriptions Bank charges Governance costs Independent examination costs	- - - - - - - - - - - - - 10,584 337 - - - - - - - -	12,789 1,179 6,804 2,423 12,600 2,739 1532 1389 2,082 1,593 - - - - - - 8,909 75,572 2,369 7,178 925 249 550	12,789 1,179 6,804 2,423 12,600 2,739 1532 1389 2,082 1,593 - - - 10,584 337 - 8,909 75,572 2,369 7,178 925 249 550	13,025 7,783 5,778 4,080 3,749 2,139 1,330 1,043 923 689 193 89 - 8,748 451 - - 68,838 1,313 529 482 282 1,922
	10,921	140,882	151,803	123,336

Support costs, totalling £86,293 (2022: £71,444), and Governance costs, totalling £550 (2022: £1,922), have been apportioned proportionally to each activity.

Net expenditure/income for the year is stated after charging Independent Examination fees of £550 (2022: £1,922) and depreciation of £2,369 (2022: £1,313).

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NOTES TO THE FINANCIAL STATEMENTS

5. Staff costs and numbers

The average headcount total is:

	Total 2023	Total 2022
Direct project staff Support staff	2 2	2 2
	4	4

Staff costs for the charity and group were as follows:

	Total 2023 £	Total 2022 £
Salaries National Insurance UK Pension	79,237 1,389 1,750	71,466 1,400 1,750
	82,376	74,616

No employee received emoluments amounting to more than £60,000 in either year.

The total employee benefits for key management personnel was £54,956 (2022: £53,390) inclusive of employer's pension and national insurance costs.

6. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022: none).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022: none).

7. Taxation

The BUILD Charity is a registered charity and is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

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NOTES TO THE FINANCIAL STATEMENTS

8. Tangible Assets

----- Start of picture text -----
Furniture,
Fixtures & Office Computer Total
Fittings Equipment Equipment 2023
£ £ £ £
----- End of picture text -----

	Furniture, Fixtures & Fittings £	Office Equipment £	Computer Equipment £	Total 2023 £
Cost At 1st April 2022 Additions in the Year	1,369 -	1,749 169	4,199 5,053	7,317 5,222
At 31 March 2023	1,369	1,918	9,252	12,539
Depreciation At 1st April 2022 Charge in the Year	1,023 52	1,121 203	3,526 2,114	5,670 2,369
At 31 March 2023	1,075	1,324	5,640	8,039
Net Book Value at 31st March 2023	294	594	3,612	4,500

9. Debtors

	Total 2023 £	Total 2022 £
Other debtors Prepayments and accrued income	1,622 6,378	1,932 5,006
	8,000	6,938

10. Creditors: amounts falling due within one year

	Total 2023 £	Total 2022 £
Trade creditors Taxation & social security costs Other creditors Accruals and deferred income	4,115 2,182 - 3,054	351 1,380 1,932 2,353
	9,351	6,016

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NOTES TO THE FINANCIAL STATEMENTS

11. Analysis of net assets between funds

For the year ending 31 March 2023

	Unrestricted Funds £	Restricted Funds £	Total 2023 £
Tangible assets Current assets Current liabilities	4,500 25,924 (9,351)	- 71,503 -	4,500 97,427 (9,351)
	21,073	71,503	92,576

For the year ending 31 March 2022

	Unrestricted Funds £	Restricted Funds £	Total 2022 £
Tangible assets Current assets Current liabilities	1,647 47,985 (6,016)	- 54,436 -	1,647 102,421 (6,016)
	43,616	54,436	98,052

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NOTES TO THE FINANCIAL STATEMENTS

12. Movement in funds

For the year ending 31 March 2023

----- Start of picture text -----
Balance at Transfer of Balance at
Income Expenditure
31 March Funds 31 March
£ £
2022 £ 2023
----- End of picture text -----

	Balance at 31 March 2022	Income £	Expenditure £	Transfer of Funds £	Balance at 31 March 2023
Restricted Funds: GetAways Programme Community Activities Programme Wednesday Club Skills for Life Infrastructure Bursary Fund Supported Volunteering Re-BUILD & Connect	19,328 - 6,703 2,688 - - 3,500 22,217	- 18,335 2,000 26,057 20,564 16,750 - 4,371	5,593 8,335 5,926 7,529 20,564 16,750 3,500 2,813	- - - - - - - -	13,735 10,000 2,777 21,216 - - - 23,775
	54,436	88,077	71,010	-	71,503
Unrestricted Funds: General Funds	43,616	58,250	80,793	-	21,073
Total Funds	98,052	146,327	151,803	-	92,576

For the year ending 31 March 2022

----- Start of picture text -----
Balance at Transfer of Balance at
Income Expenditure
31 March Funds 31 March
£ £
2021 £ 2022
----- End of picture text -----

	Balance at 31 March 2021	Income £	Expenditure £	Transfer of Funds £	Balance at 31 March 2022
Restricted Funds: GetAways Programme Community Activities Programme Wednesday Club Skills for Life Infrastructure Bursary Fund Supported Volunteering Re-BUILD & Connect	19,328 2,783 5,510 8,377 - - 3,500 13,999	- 4,784 5,325 1,000 15,000 28,800 - 9,675	- 7,567 4,132 6,689 15,000 28,800 - 1,457	- - - - - - - -	19,328 18,335 8.703 28,745 35,564 16,750 3,500 26,588
	53,497	64,584	63,645	-	54,436
Unrestricted Funds: General Funds	34,877	68,479	59,740	-	43,616
Total Funds	88,374	133,063	123,385	-	98,052

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NOTES TO THE FINANCIAL STATEMENTS

12. Movement in funds - continued

The above restricted funds summary represents grants given for specific projects planned for delivery during 2023/2024. Details are given below:

1. GetAways Programme - These funds will be applied to the costs of staffing, volunteering and activity costs associated with a programme of days out, short breaks and holidays.

2. Community Activities Programme - These funds will be applied to the costs associated with the facilitation and delivery of community based social and leisure activities.

3. Wednesday Club - These funds will be applied to the costs of staffing, venue hire and programme delivery for a weekly social club.

4. Skills for Life - These funds will be applied to the costs of staffing, venue hire and programme delivery for a programme of workshops that support independent living skills.

5. Re-BUILD & Connect - These these funds will be applied to the staffing, volunteering, venue and programme delivery costs of a programme that develops individuals with disabilities to live more confidently and independently.

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NOTES TO THE FINANCIAL STATEMENTS

19. Prior year Statement of Financial Activities

----- Start of picture text -----
Unrestricted Restricted
Total 2022
Funds Funds
£
£ £
----- End of picture text -----

Income from
Donations and legacies	48,283	64,584	112,867
Charitable activities	5,610	-	5,610
Other trading activities	14,542	-	14,542
Investments	45	-	45
Total Income	68,480	64,584	133,064
Expenditure on
Raising funds	9,199	-	9,199
Charitable activities	50,642	63,645	114,187
Total Expenditure	59,741	63,645	123,386
Net Movement In Funds	8,739	939	9,678
Reconciliation of funds
Total funds brought forward	34,877	53,497	88,374
Total funds carried forward	43,616	54,436	98,052

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[phone] Registered Charity Number: 1115960