2 0 2 3 - 2 0 2 4 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 2024
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 2023 to 31 March 2024. 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:
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to provide relief to people of all ages with learning disabilities and/ or other disabilities and to their families, dependents and carers; and
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to raise awareness within society of the needs and abilities of people with disabilities; and
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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 Norwich. It 16 2 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 nights as 15 3 well as a men’s and women’s discussion group, cookery sessions, 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 weekday evenings and at 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 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 have developed a range of other workshops, with partners such as the County Council’s Adult Learning Service around routes to employment.
ACHIEVEMENTS AND PERFORMANCE
Review of Activities
‑ During this period (1 April 2023 31 March 2024) we hosted 286 separate community-based activities through 2,715 individual beneficiary engagements (up 9.2% on the previous year). These were delivered through a published programme setting out a calendar of opportunities for three months at a time. Most 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 on informed choice and availability. 17 1
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 initially The Lazar 14 4 House, Sprowston Road, Norwich, for two weeks at the Sprowston Diamond Centre and from November 2023 at new premises at The Clare School, South Park Avenue, Norwich. Attracting an average attendance of 20 paying members each week, (up 10% on the previous year) with a core 5 programme of art, table top games, karaoke, bingo, quizzes, and indoor sports was supplemented by nature walks, cake decorating, and a coronation party.
12 The Communities Opportunities Programme (COP)
The COP activities included:
Ten Pin Tuesdays – social bowling in Norwich and Dereham 10 8
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. In addition, we hosted a Boxing and self-defence session as one of introductions.
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
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ACHIEVEMENTS AND PERFORMANCE
- CONTINUED
The Communities Opportunities Programme (COP) - continued
Sunday Cinema – a monthly opportunity to support people with disabilities to see a contemporary film at the local cinemas in Dereham and Norwich.
Swimming – a monthly public session at the UEA Sportspark.
Fishing – a monthly session from the Spring of 2023 through to the Autumn at Shallowbrook Lakes, near Norwich.
Grow and go – was BUILD Charity’s allotment project, with twice monthly sessions growing food at a rented allotment in northeast Norwich. Produce was shared amongst the “growers” with surpluses donated to a local community larder, and food bank.
Fuse Parties – based at The Waterfront, Norwich in partnership with the University of East Anglia Students’ Union and re-launched on a quarterly basis with Dr Thirsty’s in Kings Lynn - they provided a nightclub experience, in a safer environment and were described as “the best night out for people with disabilities in Norfolk”.
The Skills for Life Programme
16 2 The regular format of a monthly Saturday morning workshop was used to provide the following learning, and independent living development opportunities to our beneficiaries. 15 3
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Voting in elections Using public transport Money Matters Healthy relationships 14 4
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Planning a Day Out Coping with Christmas Water safety Finding out information Jobs and volunteering Fundraising for charities The Great Outdoors Love your body! 5
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In addition, sessions were hosted with Marks & Spencer Plc for women getting advice on bra-fitting, a partnership with Norfolk County Council Adult Learning Service explored routes to employment skills12 and a workshop on Upcycling complimented the core programme.
11 GetAways and the BUILD Travel Service
Providing days out, short breaks and holidays. 10
During this period, we hosted a weekend in the Peak District, two visits to Air Shows at the Duxford Imperial War Museum, daytrips to Buckingham Palace, the Tower of London and the National Space Centre, a weekend residential at the Dunton Centre, near Fakenham in Norfolk as well as two days of sailing and canoeing on the Norfolk Broads with the Nancy Oldfield Trust.
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ACHIEVEMENTS AND PERFORMANCE
- CONTINUED
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 2.23 full time equivalent staff. This included back-office roles in Administration and Finance, (0.83 FTE) and 1 x 0.32 FTE ‑ Programme Co ordinator (for Skills for Life) and the Chief Executive (1.08 FTE) who was partially re‑deployed into an active programme operations role in addition to strategic and fundraising roles.
The optimum staffing levels were set at 3.58 FTE to include 2 Programme Co-ordinators and a Marketing Assistant. Issues with recruitment and retention had an impact on resources but not on the delivery of front-line services.
Volunteers – Volunteers remained the core part of front-line delivery supporting 996 engagements during the year, (excluding governance) up around 23% on the previous year with numbers of registered volunteers rising by nearly 30% from 55 on 31st March 2023 to 72 a year later. This at a time when nationally, and locally, the numbers of volunteers are declining.
Trustees ‑ The Board of Trustees met regularly throughout the period receiving regular briefings and 17 1 taking considered decisions around risk, finance, and sustainability throughout the period. The Board always remained quorate. 16 2
Funding for our programmes
During this period the charity was funded through a variety of sources. These included grants from 14 4 charitable trusts, fees charged for activities offered and unrestricted funds generated from community fundraising activities, and personal and corporate donors. Amongst funds raised were: 5 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 90 separate funding bids during this period with an “ask” totalling £2.6m. 69% of the income generated came through this12 source. Total income from this type of fundraising was in the region of £113,600.
7 11 “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 self-10 8 9 determined activities to raise money for the charity. This takes place in April each year. In 2023 our members with disabilities, staff and volunteers raised £4,945.57 through a group sponsored walk at Whitlingham Country Park, members making chutneys, washing cars, ringing church bells and watching TV! The aim is to show external funders that the charity is willing, and able, to “Do their bit” before asking others for support.
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ACHIEVEMENTS AND PERFORMANCE
- CONTINUED
Costs and fees
We continued to challenge and manage our operating costs and 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. This added to the nationally recognised “Cost of Living Crisis” provided even more challenges to the bottom line of both the charity, the people who used its services and those supporting it.
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 services (staffing, accommodation, insurance, volunteer recruitment and vetting, administration and financial management) were around £535 per activity 2023-24 We continually explore, and implement practices that review our costs, suppliers and tightly manage our budgets.
Previous years’ comparisons are given for illustrative purposes: 17 1
£507 (22/23) £550 (17/18)16 2 £447 (21/22) £505 (16/17) £ 97 (20/21) £551 (15/16) 15 £493 (19/20) £600 (14/15) £442 (18/19) _20/21 is lower due to higher number of on-line activities throughout the pandemic_ 14
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 to5 the Charity, towards the cost of hosting and facilitation. This was on top of the annual Gold or Basic membership fee.
People using the services provided by the charity paid a total of £27,980 (through membership, administration and cancellation fees, confectionery sales, entrance fees etc) representing around 18%7 11 of the charity’s total operational costs. (13.87% in 2022-23, 11.18% in 2021-22, 7% in 2020-21, 13.1% in 2019‑20, 14.37% in 2018‑19, 16.38% in 201710 ‑18, and 28% in 2016 17).8 9
This increased contribution by people using our services towards the overall cost of delivering them followed consultations through the BUILD Advisory Conferences in 2022 and 2023 which demonstrated that the services offered, in comparison with other opportunities available locally, were lower and people valued BUILD services so were willing to pay more for them.
The charity aims to keep its fees to an affordable level for all of its beneficiaries but recognises, that some people will 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 10% 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 £43,942. These represent the "free" reserves of the charity.
The 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 2023-24, this would normally be seen as an amount between £38k and £76k. The Trustee review reserves levels as part of a quarterly review of performance against annual budget and they are satisfied that the free reserves figure is adequate.
Donors in 2023-2024
The following organisations gave grants, or donations, to fund BUILD's charitable activities during the financial year 2023-24. We thank them for their support. 17 1
29th May 1961 Charitable Trust BOE Information Systems - Web Terrier15 Charities Trust Charities Trust donation Cringleford Singers 14 D C Moncrief Charitable Trust Easyfundraising Edward Gostling Foundation Francis of Lorraine Masonic Lodge Garfield Weston Foundation Goldcrest Charitable Trust 12 J H Rausing Charitable Trust John Jarrold Trust John Lewis Partnership 11 Lady Hind Trust National Lottery - Awards for All
2 Norfolk Wealth Management Norwich Cathedral Alms Fund3 Norwich North Alpha Lions R S Brownless Charitable Trust The Alchemy Foundation4 The Barnabas Trust The Douglas Arter Foundation The Fitton Trust 5 The Forbes Charitable Trust The Lord Belstead Charitable Settlement The Nichol Young Foundation The Paul Bassham Charitable Trust The Pennycress Trust 7 W O Street Charitable Trust Waitrose Grant 8
In addition, donations were received from a number of individuals (including members donating back refunds, staff 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.
91.71% of funds raised were sourced by the Chief Executive or contracted fundraising professionals, (Felton Fundraising and Appeals) 2.16% from personal donations. 0.88% from Corporate donors and 5.25% from events hosted by the BUILD Charity.
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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 the former registered charity BUILD (registration 264584), which had been established for charitable purposes since 1967.
The BUILD Charity began its activities as from 1 July 2012, at which point unincorporated BUILD 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 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 Association17 1 recognising the need for a broad range of skills and experiences required in the governance of the 16 2 charity. The Charity encourages those people who would be classed as beneficiaries of the charity, and have the required skills and experiences to be involved in the governance processes. 15 3
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 the14 4 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" and5 "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;
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Income and expenditure (compared to budget)
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Financial balance sheet
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Solvency threshold reviews
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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:
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select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 19 November 2024
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INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2024
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 2024.
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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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: 19 November 2024 Name: Louisa Garamukanwa MA, FCA, CTA
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TRUSTEES, SENIOR MANAGEMENT AND PROFESSIONAL ADVISORS
As at 19 November 2024
Directors / Trustees who served during the year and to the date of signing
Liam Davison Chloe Harrison Tim Taylor, Co-Chair Jeremy Tusting (resigned 21 November 2023) Caroline Williams, Co-Chair Lee Robinson (appointed 21 November 2023) (resigned 16 September 2024) Helen Tully (appointed 16 April 2023)
Senior Management
James Kearns – Chief Executive Officer
Company Number
08069610
Charity Number
1147395
Registered Office
Ground Floor, 12 Bank Street, Norwich, Norfolk, NR2 4SE 13
Independent Examiner
12 Louisa Garamukanwa MA, FCA, CTA
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
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Unrestricted Restricted
Total 2024 Total 2023
Notes Funds Funds
£ £
£ £
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| Income from | |||||
|---|---|---|---|---|---|
| Donations and legacies | 3 | 48,244 | 58,890 | 107,134 | 116,342 |
| Charitable activities | 19,659 | - | 19,659 | 13,004 | |
| Other trading activities | 16,644 | - | 16,644 | 16,778 | |
| Investments | 811 | - | 811 | 203 | |
| Total Income | 85,358 |
58,890 |
144,248 | 146,327 | |
| Expenditure on | |||||
| Raising funds | 4 | 10,895 | - | 10,895 | 10,921 |
| Charitable activities | 48,983 | 93,249 | 142,232 | 140,882 | |
| Total Expenditure | 59,878 |
93,249 |
153,127 | 151,803 | |
| Net Movement In Funds | 25,480 | (34,359) | (8,879) | (5,476) | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 21,073 | 71,503 | 92,576 | 98,052 | |
| Total funds carried forward | 12 | 46,553 | 37,144 | 83,697 | 92,576 |
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 2024
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2024 2023
Notes
£ £
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| Notes | 2024 £ |
2023 £ |
|
|---|---|---|---|
| Fixed Assets Tangible assets 8 2,611 4,500 |
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| 2,611 4,500 |
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| Current Assets Stock Debtors Cash at bank and in hand 9 25 5,873 88,285 110 8,000 89,317 |
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| 94,183 97,427 |
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| Creditors: amounts falling due within one year 10 (13,097) (9,351) |
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| Net Current Assets 81,086 88,076 |
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| Net Assets 83,697 92,576 |
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| Funds Unrestricted funds Restricted funds 12 12 46,553 37,144 21,073 71,503 |
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| Total Funds 83,697 92,576 |
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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 19 November 2024 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 2024
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 2024 £ |
Total 2023 £ |
|
|---|---|---|---|---|
| Donations Grants Similar incoming resources |
31,433 15,000 1,811 |
- 58,890 - |
31,433 73,890 1,811 |
12,395 103,077 870 |
| Total | 48,244 | 58,890 | 107,134 | 116,342 |
| Total 2023 | 28,265 | 88,077 | 116,342 |
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 1 8
NOTES TO THE FINANCIAL STATEMENTS
4. Analysis of expenditure by Activities
----- Start of picture text -----
Raising Charitable Total Total
Funds Activities 2024 2023
£ £ £ £
----- End of picture text -----
| Raising Funds £ |
Charitable Activities £ |
Total 2024 £ |
Total 2023 £ |
|
|---|---|---|---|---|
| Direct costs Rent and rates Post and 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 |
- - - - - - - - - - - - - 10,895 - - - - - - - - - |
13,169 2,223 8,471 2,052 14,123 3,412 3,025 1,312 2,242 1,738 - 20 - - - - 774 78,378 2,124 7,428 1,217 224 300 |
13,169 2,223 8,471 2,052 14,123 3,412 3,025 1,312 2,242 1,738 - 20 - 10,895 - - 774 78,378 2,124 7,428 1,217 224 300 |
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 |
| 10,895 | 142,232 | 153,127 | 151,803 |
Support costs, totalling £89,371 (2023: £86,293), and Governance costs, totalling £300 (2023: £550), have been apportioned proportionally to each activity.
Net expenditure/income for the year is stated after charging Independent Examination fees of £300 (2023: £550) and depreciation of £2,124 (2023: £2,369).
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 1 9
NOTES TO THE FINANCIAL STATEMENTS
5. Staff costs and numbers
The average headcount total is:
----- Start of picture text -----
Total Total
2024 2023
----- End of picture text -----
| Total 2024 |
Total 2023 |
|
|---|---|---|
| Direct project staff Support staff |
2 2 |
2 2 |
| 4 | 4 |
Staff costs for the charity and group were as follows:
| Total 2024 £ |
Total 2023 £ |
|
|---|---|---|
| Salaries National Insurance UK Pension |
80,241 1,227 2,512 |
79,237 1,389 1,750 |
| 83,980 | 82,376 |
No employee received emoluments amounting to more than £60,000 in either year.
The total employee benefits for key management personnel was £59,609 (2023: £56,706) inclusive of employer's pension and national insurance costs.
6. Trustees’ remuneration and expenses
During the year ended 31 March 2024, no Trustees received any remuneration or other benefits (2023: none).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023: 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.
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 2 0
NOTES TO THE FINANCIAL STATEMENTS
8. Tangible Assets
----- Start of picture text -----
Furniture,
Fixtures & Office Computer Total
Fittings Equipment Equipment 2024
£ £ £ £
----- End of picture text -----
| Furniture, Fixtures & Fittings £ |
Office Equipment £ |
Computer Equipment £ |
Total 2024 £ |
|
|---|---|---|---|---|
| Cost At 1st April 2023 Additions in the Year Disposals in the Year |
1,369 - - |
1,918 235 (88) |
9,252 - (2,578) |
12,539 235 (2.666) |
| At 31 March 2024 | 1,369 | 2,065 | 6,674 | 10,108 |
| Depreciation At 1st April 2023 Charge in the Year Disposals in the Year |
1,075 44 - |
1,324 192 (88) |
5,640 1,888 (2,578) |
8,039 2,124 (2,666) |
| At 31 March 2024 | 1,119 | 1,428 | 4,950 | 7,497 |
| Net Book Value at 31st March 2024 | 250 | 637 | 1,724 | 2,611 |
9. Debtors
| Total 2024 £ |
Total 2023 £ |
|
|---|---|---|
| Other debtors Prepayments and accrued income |
1,485 4,388 |
1,622 6,378 |
| 5,873 | 8,000 |
10. Creditors: amounts falling due within one year
| Total 2024 £ |
Total 2023 £ |
|
|---|---|---|
| Trade creditors Taxation & social security costs Other creditors Accruals and deferred income |
4,196 1,939 - 6,962 |
4,115 2,182 - 3,054 |
| 13,097 | 9,351 |
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 2 1
NOTES TO THE FINANCIAL STATEMENTS
11. Analysis of net assets between funds
For the year ending 31 March 2024
| Unrestricted Funds £ |
Restricted Funds £ |
Total 2024 £ |
|
|---|---|---|---|
| Tangible assets Current assets Current liabilities |
2,611 57,039 (13,097) |
- 37,144 - |
2,611 94,183 (13,097) |
| 46,553 | 37,144 | 83,697 |
For the year ending 31 March 2023
| Unrestricted Funds £ |
Restricted Funds £ |
Total 2022 £ |
|
|---|---|---|---|
| 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 |
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 2 2
NOTES TO THE FINANCIAL STATEMENTS
12. Movement in funds
For the year ending 31 March 2024
----- Start of picture text -----
Balance at Transfer of Balance at
Income Expenditure
31 March Funds 31 March
£ £
2023 £ 2024
----- End of picture text -----
| Balance at 31 March 2023 |
Income £ |
Expenditure £ |
Transfer of Funds £ |
Balance at 31 March 2024 |
|
|---|---|---|---|---|---|
| Restricted Funds: GetAways Programme Community Activities Programme Wednesday Club Skills for Life (also known as Re-BUILD) Infrastructure Bursary Fund Supported Volunteering |
13,735 10,000 2,777 44,991 - - - |
- 8,500 4,800 8,740 25,000 11,850 - |
13,735 13,948 7,577 31,139 15,000 11,850 - |
- - - - - - - |
- 4,552 - 22,592 10,000 - - |
| 71,503 | 58,890 | 93,249 | - | 37,144 | |
| Unrestricted Funds: General Funds |
21,073 | 85,358 | 59,878 | - | 46,553 |
| Total Funds | 92,576 | 144,248 | 153,127 | - | 83,697 |
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 (also known as Re-BUILD) Infrastructure Bursary Fund Supported Volunteering |
19,328 - 6,703 24,905 - - 3,500 |
- 18,335 2,000 30,428 20,564 16,750 - |
5,593 8,335 5,926 10,342 20,564 16,750 3,500 |
- - - - - - - |
13,735 10,000 2,777 44,991 - - - |
| 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 |
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 2 3
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 the year ended 31 March 2024. Details are given below:
-
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.
-
Community Activities Programme - These funds will be applied to the costs associated with the facilitation and delivery of community based social and leisure activities.
-
Wednesday Club - These funds will be applied to the costs of staffing, venue hire and programme delivery for a weekly social club.
-
Skills for Life (also known as Re-BUILD) 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.
A N N U A L R E P O R T 2 0 2 3 / 2 0 2 4 2 4
NOTES TO THE FINANCIAL STATEMENTS
19. Prior year Statement of Financial Activities
----- Start of picture text -----
Unrestricted Restricted
Total 2023
Funds Funds
£
£ £
----- End of picture text -----
| Income from | |||
|---|---|---|---|
| Donations and legacies | 28,265 | 88,077 | 116,342 |
| Charitable activities | 13,004 | - | 13,004 |
| Other trading activities | 16,778 | - | 16,778 |
| Investments | 203 | - | 203 |
| Total Income | 58,250 | 88,077 | 146,327 |
| Expenditure on | |||
| Raising funds | 10,921 | - | 10,921 |
| Charitable activities | 69,872 | 71,010 | 140,882 |
| Total Expenditure | 80,793 | 71,010 | 151,803 |
| Net Movement In Funds | (22,543) | 17,067 | (5,476) |
| Reconciliation of funds | |||
| Total funds brought forward | 43,616 | 54,436 | 98,052 |
| Total funds carried forward | 21,073 | 71,503 | 92,576 |
A N N U A L R E P O R T 2 0 2 2 / 2 0 2 3 1 2 5
www.solar-aid.org info@solar-aid.org +44 (0) 20 7278 0400 Registered Charity Number: 1115960