Bringing Words to Life Ltd Financial Statements For the Year Ended 31 August 2024 Company Registration No. 08366070 Charity Registration No. 1151661 Bringing Words to Life Ltd 2024
Legal and Administrative Information: Bringing Words to Lrfe Limited Name: Gompany No. 08366070 Charity No. 1151661 Trustees: Stuart Jackson Emma Bamett Beth Khalil Jeremy Barnett {Chair) (Treasurer) Directors: Stuart Jackson Emma Barnett Jeremy Barnett Registered Address: Rowlands Gill Community Centre Strathmore Road Rowlands Gill Tyne and Wear NE39 1JB Bank: Lloyds Bank PLC 44 Front Street Whickham Tyne and Wear NE16 4DS Structure: Bringing Words to Life Ltd is a Company limited by guarantee (Company No. 08366070) and a registered Charity (Charity No.1151661). Senior Contact: Melanie Comish-Fleet - Chief Executive Officer. Independent Examiner: Darren Thompson Futureskills North East CIC 53 Kirkdale Spennymoor Co. Durham DL16 6UH Bringing Words to Life Ltd 2024
Contents: 1 Directors'rrrustees, Report Pages4-5 2 Independent Examiners Report Page 6 3 Statement of Financial Activities Page 7 4 Statement of Assets and Liabilities Page 8 5 Notes to the Accounts Page 9 Bringing Words to Life Ltd 2024
Trustees, Report: The aim of the charity is: To advan the education of the public, particularly but not exdusively those residing in Gateshead and surrounding areas by developing key literacy skills with the aim of advancing education and employment prospects and life skills. Achievements and Performance: Over the last year, Bringing Words to Life has continued to deliver a wide range of literacy workshops in schools and with community groups. Over the last year Bringing Words to Life has continued to deliver a wider range of activities in and around the North of England. Bringing Words to Life worked with 455 people. Bringing Words to Life delivered workshops to adults with SEND in Cramlington, Northumberland. Bringing Words to Life supported six secondary-age students with English on a one-tone basis. Bringing Words to Life delivered over 357 workshops and two open days throughout the year. Plans for the future: To work with Newcastle University Business students to develop a marketing plan to launch the Write2 programme to market as part of their final year dissertation. To develop the Write2 afterschool programme working %vith students from local universities. Risk Management: The Trustees are examining the major risks, which the organisation faces to extemal factors, govemance, and internal operations of the organisation. They are considering the likelihood and the impact of risks and reviewing what systems should be in place to control and reduce those risks. Reserves Policy: It is the policy of the charity to try and build up unrestricted funds, which are free reserves of the organisation, to a level that equates to approximately 3 months of unrestricted expenditure. This would provide sufficient funds to cover the management and administration support costs and any emergencies that may arise from time to time. Bringing Words to Lrfe Ltd 2024
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity, which enables them to ascertain the financial position of the company and enable them to comply with applicable law. The Directorsrrrustees are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directorsrrrustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity, which enables them to ascertain the financial position of the company and enable them to comply with applicable law. The Directorsff rustees are also responsible for the safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Trustees. Responsibilities: The Trustees are responsible for keeping proper accounting records. which disdose with reasonable accuracy the financial position of the charity which enables them to aSrtain the financial position of the company and enable them to comply with applicable law. The Trustees are also responsible for the safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. For the year ending 311812024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Trustees and signed on their behalf by: Signed: Position: Tr1£6........ *lJ Signed: Position: STthT Thc[sl Bringing Words to Lrfe Ltd 2024
Independent Examiners Report: I report to the charity trustees on my examination of the accounts of the company for the year ended 31st August 2024 which are set out on pages 7-9. Respective Responslbllities of Trustees and Examiner: As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the accounts of the company are not required to be audited under part 16 of the 2006 Act, and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried under section 145 of the charits'es Act 2011. It is my responsibility to. Examine the accounts under section 145 of the 2011 Act. Follow the procedures laid down in the General Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and State whether particular matters have come to my attention. Independent Examinerfs Statement: I have completed my examination. I can confinn no matters has come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 . Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Yrue and fair view" which is not a matter considered as part of an independent examination. or 4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by Charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable proper understsnding of the accounts to be reached. Signed: p_ Date: 3/2/2025 Darren Thompson Futureskills North East CIC 53 Kirkdale Spennymoor Co. Durham DL16 6UH Bringing Words to Lrfe Ltd 2024
Bringing Words to Llfe Ltd ststement of Financial Activities 1 September 2023- 31 August 2024 Unrestricted Restricted 2024 2023 Notes Incomin Grants Sales Other income Resources: 29,444.00 29.444.00 29.030.00 300.00 18,231.00 32.005.00 181.00 29,030.00 300.00 Total Incoming Resources: 29.444.00 29,330.00 58,774.00 50,417.00 Resources Ex Premises costs Insurance Office costs Travel ex enses Sessional worker costs Professional fees Loan re ment Other costs ended: 1,562.00 241.00 209.00 289.00 17.303.00 2,075.00 668.00 850.00 1,562.00 241.00 5,709.00 2,289.00 39.247.00 2,075.00 668.00 850.00 720.00 209.00 4,396.00 2,046.00 32,085.00 3,300.00 291.00 550.00 5,500.00 2,000.00 21,944.00 Total Resources ended: 29,444.00 23,197.00 52,641.00 43,597.00 SurpluslDeficit for the eriod: 6.133.00 6,133.00 6.820.00 Funds brought forward 1"Se tember 2023: 7,274.00 7.274,00 454.00 Funds carried forward 31" Au ust 2024: 13,407.00 13,407.00 7,274.00 Bringing Words to Lrfe Ltd 2024
Bringing Words to Life Ltd Statement of Assets and Liabilities as at 31 August 2024 2024 2023 Notes Current assets: Cash at bank and in hand Debtors 13.407.00 7.274.00 1900.00 Total current assets: 13 407.08 9 174.00 Liabilities: Loan 4 197.00 4,865.00 Total liabilities= 4 197.00 4,865.00 Net assets: 9 210.00 4 309.00 The funds of the chari Restricted funds Unrestricted funds 9,210.00 4,309.00 Total funds: 9,210.00 4,309.00 For the financial year in question, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small compBnies. No members have required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the AGt with respeGt to aGcounting reGords and for the preparation of aGcounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Signed: Position: im IS4-0£{ I Signed: Position". SToAQ1 ThCKS(>J Bringing Words to Life Ltd 2024
Bringing Words to Life Ltd Notes to the Financial Statements for the year ended 31st August 2024 The accounts are prepared on the reiptS and payments basis in accordance with the Statement of Recommended Practice, Accounting. and Reporting by Charities. Bringing Words to Life is a Registered Charity (Charity No. 1151661) and a Company Limited by Guarantee (Company No.08366070). This includes: JJ Charitable Trust - £20,000. Forrester Family Trust - £7,500.00. Cumberland Council - £1,944.00. Income generated through contracts and Servi level agreements. Office costs include stationery, IT, and consumables. This includes expenditure on a sessional worker to deliver programmes. The charity did not have any paid employees during this period. This includes: Graphic Design Consultsncy - £750.00. Accountancy- £625.00. Consultancy Advice - £700.00. Funds available to the charity as at 31 st August 2024. Bringing Words to Life Ltd 2024