Charity registration number: 1164419
## Josephine's Star
Annual Report and Financial Statements for the Year Ended 31 March 2022
## **Josephine's Star**
## **Contents (continued)**
|Trustees' Report|1 to 4|
|---|---|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
## **Josephine's Star**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2022.
## **Objectives and activities**
## _**Objects and aims**_
The CIO’s objects as set out in its constitution are:
1. To preserve and protect physical and mental health, primarily in Somerset by providing support, advice and guidance to children and their families who have experienced or anticipating the death of someone significant; and
2. To advance education and training in pre and post bereavement support for the public benefit, in particular among professional and volunteers working with children, young people and young adults.
## _**Public benefit**_
Josephine's Star does not charge for it's activities with Children and Young people so there are no financial barriers to accessing our services.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 1
## **Josephine's Star**
## **Trustees' Report (continued)**
## **Achievements and performance**
The Charity continued its growth plan in 2021-22, though obviously impacted by COVID and the fallout form the pandemic, progress was continuous and the charities reach and impact grew steadily.
During this period we worked hard on out 3 core deliverables, namely 1-1 face to face support, the initial support via the “Little Bags of Help” and our school and community support through our Grief First Aid training courses.
Over the course of the year we saw each of these three areas grow. We secured additional funding to ensure every child referred to us receives out initial support pack “Little Bag of Help” and are now offering Grief First Aid sessions to any school where we are supporting a child.
The biggest challenge remains recruiting sufficient volunteers to meet the ever growing demand for 1-1 support. Covid and its legacy has impacted both the growing referral numbers and the numbers of potential volunteers coming forward. We were however able to train new volunteers and retained a consistent number of volunteers despite some stepping back form supporting children due to other commitments.
We were fortunate to be supported by generous donations from the public, and a large donation form Bath Crematorium. We were also supported with grants from the National Lottery “Awards For All” and Children in need.
The reputation and profile of our service grew throughout the year thanks to the amazing work of our volunteers and team. We saw a steady rise in the number of children referred for support, and our waiting list has grown as a result.
Working as Part of the Somerset Grief Support network we have linked with other services including hospices and other healthcare professionals, ensuring the voice of children's grief is heard in these forums.
Feedback on all three of our core strands has been overwhelmingly positive, with schools often making donations following Grief First Aid training day and parents contacting the charity to describe the positive impact of our work with their child. We continue to review and refine our service and hope to continue to grow and support more children in the future.
## **Financial review**
During the year the charity received total income of £38,947 (2021: £22,197). £19,045 was received as restricted grants to fund the salary of a support worker for 12 months and to support the charity increase the number of volunteers. £19,902 of unrestricted donations were also received in the year.
Total expenditure during the year was £18,553 (2021: £11,884). £14,473 of this was expenditure on restricted funds and £4,080 unrestricted. Salary have been primarily funded by restricted grants in the year, as was most of the expenditure of programme costs, in line with the Covid-19 support grant conditions.
The net position for 2022 was a surplus of income over expenditure £20,394 (2021: £10,313). Unrestricted reserves at the year end were £33,925 and restricted reserves were £14,136, so total reserves of £48,061 (2021: £27,667) with £47,531 in the bank account.
Page 2
## **Josephine's Star**
## **Trustees' Report (continued)**
## _**Policy on reserves**_
The charity's reserve policy is to have at least 6 months’ salary costs in unrestricted reserves. The charity is fortunate that it has few financial commitments and overheads so all of the reserves can be spent directly on activities with children and young people, which can be scaled depending on the funds available.
## **Reference and Administrative Details**
Charity Registration Number: 1164419 Principal Office: C/o Wortham Jaques Ltd 130a High Street Crediton Devon EX17 3LQ
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: M Brownbill (appointed 5 February 2022) L Tarry, Chair C Chapman Gibbs, Treasurer R Shepperd (retired 5 February 2022)
## **Structure, governance and management**
## _**Nature of governing document**_
Josephine’s Star is a Charitable Incorporated Organisation (CIO), registered on 16 November 2015. The CIO was established under a Foundation constitution at the same date.
Page 3
## **Josephine's Star**
## **Trustees' Report (continued)**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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 judgements and estimates that are reasonable and prudent;
- state whether applicable 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 charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 27 January 2023 and signed on its behalf by:
Page 4
## **Josephine's Star**
## **Independent Examiner's Report to the trustees of Josephine's Star**
I report to the trustees on my examination of the accounts of Josephine's Star for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity trustees of Josephine's Star you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Josephine's Star's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have 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 Josephine's Star as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
......................................
Andrew Mead FCCA
Craigoran Glenmore Road Oban Argyll PA34 4NB
31 January 2023
Page 5
## **Josephine's Star**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12
**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
19,902
-
19,902
(50)
(4,030)
(4,080)
15,822
15,822
18,103
33,925
**Unrestricted**
**funds**
**£**
15,563
-
15,563
(50)
(3,206)
(3,256)
12,307
12,307
5,796
18,103|**Restricted**
**funds**
**£**
-
19,045
19,045
-
(14,473)
(14,473)
4,572
4,572
9,564
14,136
**Restricted**
**funds**
**£**
-
6,634
6,634
-
(8,628)
(8,628)
(1,994)
(1,994)
11,558
9,564|**Total**
**2022**
**£**
19,902
19,045|
|---|---|---|---|
||||38,947|
||||(50)
(18,503)|
||||(18,553)|
||||20,394|
||||20,394
27,667|
||||48,061|
||||**Total**
**2021**
**£**
15,563
6,634|
||||22,197|
||||(50)
(11,834)|
||||(11,884)|
||||10,313|
||||10,313
17,354|
||||27,667|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 12.
The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
## **Josephine's Star**
## **(Registration number: 1164419) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
11
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2022**
**£**
530
47,531
48,061
14,136
33,925
48,061|**2021**
**£**
662
27,005|
|---|---|---|
|||27,667|
|||9,564
18,103|
|||27,667|
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 27 January 2023 and signed on their behalf by:
The notes on pages 8 to 15 form an integral part of these financial statements. Page 7
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Josephine's Star meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 8
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Office equipment 20% reducing balance basis
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from companies, trusts and similar proceeds
Donations from individuals
**Total for 2022**
**Total for 2021**
**3**
**Income from charitable activities**
Activities with Children and Young People
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
16,878
3,024
19,902
15,563
**Restricted**
**funds**
**£**
19,045
19,045
6,634|**Total**
**funds**
**£**
16,878
3,024|
|---|---|---|
|||19,902|
|||15,563|
|||**Total**
**funds**
**£**
19,045|
|||19,045|
|||6,634|
## **4 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|**Note**
Other direct costs of generating voluntary income
**Total for 2022**
**Total for 2021**
Costs of generating donations and legacies
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
50
50
50
**Direct costs**
**£**
50
50
50|**Total**
**funds**
**£**
50|
|---|---|---|
|||50|
|||50|
|||**Total**
**costs**
**£**
50|
|||50|
|||50|
Page 10
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
## **5 Expenditure on charitable activities**
|**Note**
Activities with Children and Young
People
Depreciation, amortisation and other
similar costs
Staff costs
**Total for 2022**
**Total for 2021**
Activities with Children and Young People
**Total for 2021**
**6**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
1,670
132
2,228
4,030
3,206|**Restricted**
**funds**
**£**
7,064
-
7,409
14,473
8,628
**Activity**
**undertaken**
**directly**
**£**
18,503
11,884|**Total**
**funds**
**£**
8,734
132
9,637|
|---|---|---|---|
||||18,503|
||||11,834|
||||**Total**
**expenditure**
**£**
18,503|
||||11,884|
||||**2022**
**£**
132|
Depreciation of fixed assets
## **7 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **L Tarry**
£772 (2021: £1,150) of expenses were reimbursed to L Tarry during the year.
Reimbursement for charity expenses and mileage claimed.
## **R Shepperd**
£404 (2021: £280) of expenses were reimbursed to R Shepperd during the year.
Reimbursement for charity expenses and mileage claimed.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
Page 11
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
## **8 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
9,637|**2021**
**£**
8,387|
|---|---|---|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2022**||**2021**||
|---|---|---|---|---|
||**No**||**No**||
|Coordinator||1||1|
No employee received emoluments of more than £60,000 during the year
Page 12
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Tangible fixed assets**
|**10 Tangible fixed assets**|||||||
|---|---|---|---|---|---|---|
|**Cost**
At 1 April 2021
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**11 Cash and cash equivalents**
Cash at bank
**12 Funds**
**Unrestricted funds**
**_General_**
Unrestricted funds
**Restricted funds**
Big Lottery Fund
Children In Need
Covid-19 Support
Big Lottery Fund
**Total funds**|**Balance at 1**
**April 2021**
**£**
18,103
5,404
-
4,160
-
9,564
27,667|**Incoming**
**resources**
**£**
19,615
-
9,695
-
9,350
19,045
38,660||**Furniture and**
**equipment**
**£**
883
883
221
132
353
530
662
**2022**
**£**
47,531
**Resources**
**expended**
**£**
(3,661)
(5,404)
(4,909)
(4,160)
-
(14,473)
(18,134)||**Total**
**£**
883
883
221
132
353
530
662
**2021**
**£**
27,005|
|||||883|||
|||||221
132|||
|||||353|||
|||||530|||
|||||662|||
|||||**2022**
**£**
47,531
**Resources**
**expended**
**£**
(3,661)
(5,404)
(4,909)
(4,160)
-
(14,473)
(18,134)|||
|||||||**Balance at 31**
**March 2022**
**£**
34,057
-
4,786
-
9,350|
|||||||14,136|
|||||||48,193|
Page 13
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
|**Unrestricted funds**
**_General_**
Unrestricted funds
**Restricted funds**
Big Lottery Fund
Children In Need
Covid-19 Support
**Total funds**|**Balance at 1**
**April 2020**
**£**
5,796
6,733
4,825
-
11,558
17,354|**Incoming**
**resources**
**£**
15,563
-
-
6,634
6,634
22,197|**Resources**
**expended**
**£**
(3,256)
(1,329)
(4,825)
(2,474)
(8,628)
(11,884)|**Balance at 31**
**March 2021**
**£**
18,103
5,404
-
4,160|
|---|---|---|---|---|
|||||9,564|
|||||27,667|
The specific purposes for which the funds are to be applied are as follows:
## Big Lottery Fund - 2020
The grant received from the Big Lottery is to support the charity's work with Children & Young People, excluding salary costs, in line with the budget approved with the grant application.
## Children In Need
The grant received from Children In Need is to finance the salary of a Support Coordinator for 12 months.
## Covid-19 Support
Grants received from the Big Lottery of £1,984, Children In Need £2,150 and the Somerset Community Foundation of £2,500 to support the charity to adapt it's working practices to continue supporting children and young people during the pandemic.
## Big Lottery Fund - 2022
The grant received from the Big Lottery to primarily support the charity to increase it's number of volunteers.
## **13 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Total net assets|**Unrestricted**
**funds**
**General**
**£**
530
33,395
33,925|**Restricted**
**funds**
**£**
-
14,136
14,136|**Total funds at**
**31 March**
**2022**
**£**
530
47,531|
|---|---|---|---|
||||48,061|
Page 14
## **Josephine's Star**
## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)**
|Tangible fixed assets
Current assets
Total net assets|**Unrestricted**
**funds**
**General**
**£**
662
17,441
18,103|**Restricted**
**funds**
**£**
-
9,564
9,564|**Total funds at**
**31 March**
**2021**
**£**
662
27,005|
|---|---|---|---|
||||27,667|
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