Charity registration number: 1166683 BEDAZZLE (CIO) TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2025 Baillie Chartered Certified Accountsnts
Bedazzle {CIO) Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Artivity'es Comparative Statement of Financial Activities Statement of Flnancial Posltion Notes to the Flnancial Statements The following pages do not form part of the statutory accounts: Detalled Ststement of Flnanclal Attlvlties
Bedazzle (CIO) Trustees. Report For The Year Ended 6 April 2025 The trustees present thelr report and the financial statements for the year ended 6 April 2025. Objectlves and Actlvltles Alms and Objertlves The principal objertives of the Charity are'.- (i} To help young people, especially but not exclusively through leisure time artivities, so a5 to develop thelr capabllities that they may grow to full matunty as individuals and members of society. (li) To advance the education of young people in the subject of personal, sooal and health education. (iii} To promote social inclusion for the public benefit by preventing young people from becoming socially excluded, relieving the need5 of those people who are socially excluded and a55lSting them to integrate into society. Publlc Benefit To promote social inclusion for the public benefit by preventing young people from becoming socially excluded, relleving the needs of those people who are socially excluded and assisting them to integrate into society. The trLSStees confirm that they have complied wlth the requirements of Secuon 17 of the Charftles Act 2011 to have due regard to the CharSty Commission's guidance on public benefit. A¢hlevements and Performance Maln Achlevements Zntroductlon This past year ha5 been one of bold steps. deep learningi and powerful collaboration. Taking on Priory House was a leap of faith-one that has proven to be both ImpaCUl and transformatlve for Bedazzle. What began as a vlslon for a creatlve and inclusive communlty hub has grown Into a vibrant Spa where young people, families, educators, and artlsts come together to thrlve. Our newly appointed Board of Tnjstees have flourished In thelr roles, bringlng fresh insight, stability, and strategic directlon to the charity. Their leadershlp has enabled us to grow wlth confidence, even In the face of ongoing challenges in the education and arts sectors. The ambassador team continues to grow in both number and skillset, and it is through these collaborations-across schools, community groups, and creative practy'tioners-that we find our greatest strength. Together, we are buildlng somethlng truly speclal. Of course. no year is wlthovt its challenges. We've ernbrad the learning that comes wlth growth and change. and we remaln commltted to evolvlng In ways that best serve our communbty. As we look ahead, the organisatlon Is polsed, energlsed, and exclted for whays to come. Over the past year we have a dellvered a dlverse and ambltious programme of creative, educational and wellbeing activities. In July 2024 we were proud to support Dudley Pnde and host Pride @ Priory House, bringing people together In celebration, inclusion and visibility. July also marked the launch of our first Be Head SMART Summer Camp, offerlng young people a nurturing and expressive environment during the holidays through art5, creativity and wellbeing. Hlghllghts Kn August, we welcomed the West Midlands Youth Theatre (Wm} for their XXV intensive rehearsals, filling Priory House with young performers preparlng for a mllestone anniversary production. This led into September's showcase moment as Wmyt presented thelr-one Night Only~ 25th Anniversary Concert at the Grand Theatre-an inspiring celebration of youth talent and long-standing partnership. September also saw the retum of our SEMH Support Team to Schools, continuing our commitment to early intervention and emotional support for children and young people. October brought further growth with the launch of our Home Education Art aass, as well as new studio-based wellbelng activities, Sncluding Everybody Dance Now and Out to Explore Yoga. On Wodd Mentsl Health Dayi our team delivered the Youth MHFA England Aware course. strengthening our mental health education offer. In November, we introduced our new Friday night"Band Nbght", providing a platforni for emerging musicians and a safe social space for young people. December Invlted reflectlon and community connection as members of our Youth Theatre perfomied Chrlstmas carols at the Justice for Ryan memorial, showing solidarity and compassion through music. In January 2025, our Youth Theatre led our Winter HAF Project, engaging children in creative leaming during the school holidays. February contsnued this momentum as we delivered Children's Mental Health Week workshops in schools and launched Act UP. our first adult course at Priory House. Around the same time, the Youth Theatre began early development work on Dare tr) Dream Jr, our next major youth production. ..CONTINUED Page I
Bedazzle (CIO) Trustees. Report {continued) For The Year Ended 6 April 2025 Maln Achievements- contlnued March 2025 was a month of achievement and expansion. Our first Be Head SMART Home Education cohort successfully completed their Arts Award, marking a significant milestr)ne for these young learners. We hosted a well-attended rninerals workshop for home-educating families, bringing over 30 children and parents together through hands-on learning. We also delivered our fiTSt-ever Neurodiversity in the Workplace Tralning, supporting local employer5 to create more inclusive environments. Looking ahead, we are preparing for our biggest HAF projert to date, bringing together children from across the community. in a high quality programme of creativtty, confidence-building and perfomiance skills. Thos york will culminate in our Easter production of Dare to Dream, an ambitious project that reflects our mission to empower young people to imagine-and realise-brighter futures. Reference and Admlnlstratlve Detalls Trustees Mr Ben Cole (resigned 0510412025) Mrs Beverly Sokolowsk Mrs Gill Cole Mrs Julie Grlce Mrs Dlane Spencer Mrs Loulse Shrlane - Chair of the Charlty Charlty Number 1166683 Prlnclpal Addre$• Prlory House, 2 Priory Rd, Dvdley DYI IHH Xndependent Examlner James F Baillle FCCA Balllie Chartered Certbfled Accountsnts ACCA 28 Hlgh Street Ironbrldge Telford TF8 7AD Page 2
Bedazzle (CIO) Trustees. Report (continued) For The Year Ended 6 April 2025 The trustees. report was approved by the board of trustees and signed on its behalf by: Mrs Louise Shriane Trustee 1610112026 Page.3
Bedazzle (CIO) Independent Examiner's Report to the Trustees of Bedazzle (CIO) For The Year Ended 6 April 2025 I report to the trustees on my examination of the accounts of Bedazzle (CIO) (the Trust) for the year ended 6 Ap1 2025. Respon$lbilities and Bas1$ of Report A5 the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 2011 fthe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 ofrthe 2011 Act and in carrying out my examination. I have followed the applicable Dirertion5 given by the Charity Commission under section 145(5)(b) of the Act. Independent Examlner's Statement I have completed my examination. I confirm that no materlal matters have come to my attention In connettion with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respett of the Trust as requlred by sects'on 130 of the Act. or 2. the accounts do not accord with those Cords. or 3. the accounts do not comply with the applicable requirements Concerning the fomi and contents of accounts set out in the Charities (Accounts and Rewrts) 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 examinatior*. I have no concerns and have come across no other matters in connettlon with the examination to whith attentlon should be drdwn in this report In order to enable a proper understanding of the accounts to be reached. James F Baillle FCCA 1610112026 28 High Street Imnbridge Telford TF8 7AD Page 4
Bedazzle (CIO) statement of Financial Activities For The Year Ended 6 April 2025 2025 2024 Unrestricted Restricted Totsl funds funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donatrons and legacies Charitable activities.. Principal Objectives Other trading activities Investments 25.479 4,500 29,979 2.878 4,395 20,439 4,395 20,439 49,781 12 50,317 4,500 54,817 52,671 EXPENDITURE ON: Charitable activities.. Prlncipal Objertlves (45.108) (5.436) (50,544) (55,913) NET INCOME/{EXPENDITURE) 5,210 (937) 4,273 13,242) Transfers between funds 15 {937) 937 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: 4,273 4,273 (3,242) Total funds brought forward 4,008 4,008 7,250 TOTAL FUNDS CARRIED FORWARD 15 8,281 8,281 4,008 The notes on pages 8 to 12 fom part of these flnanclal ststements. Page 5
Bedazzle (CIO) Comparative Statement of Financial Activities For The Year Ended 6 April 2025 2024 Unrestrlcted Restricted Total funds funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitoble attivities.. Principal Objettives Investments 2,878 2,878 41,781 12 8,000 49,781 12 44,671 8,000 52,671 EXPENDITURE ON: Charitable activities: Principal Objectlves (45,600) (10,313} {55,913) NEf EXPENDITURE (929) (2,313) 13,242) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD (929) (2,313) 13,242) 4,937 2,313 7,250 15 4,008 4,008 The notes on pages 8 to 12 form part of these financlal statements. Page 6
Bedazzle (CIO) Statement of Financial Position As At 6 April 2025 2025 2024 Unrestrirted Restrlcted Totsl funds funds funds Totsl funds FIXED ASSETS Tangible Assets 12 1,387 1.387 1,849 1,387 1,387 1,849 CURRENT ASSETS Debtors Cash at bank and in hand 13 4.679 6,149 4,679 6,149 150 5.501 10.828 10,828 5,651 Credltorj: Amounts F•lllng Due Wlthln One Year 14 (3,934) {3,934} (3,492) NET CURRENT ASSETS (LIABILrnES) 6,894 6.894 2,159 TOTAL ASSETS LESS CURRENT LIABILrrIES 8.281 8,281 4,008 Nrf ASSETS 8,281 8,281 4,008 FUNDS OF THE CHARZTY Unrestricted Fund5 8,281 4,008 TOTAL FUNDS 15 8,281 4,008 On behalf of the board Mrs Loulse Shrlane Trustee 1610112026 The notes on pages 8 to 12 fomi part of these financial statements. Page 7
Bedazzle (CIO) Notes to the Financial Statements For The Year Ended 6 April 2025 l. General Informatlon Bedazzle (CIO} Is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1166683. The princlpal address is Priory House. 2 Pnory Rd. . Dudley , DYI IHH. 2. Accountlng Policies 2. 1. Basis of Preparatlon of Flnanelal Statements The financial statements have been prepared in occordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019)" Financial Reporting Standard 102 'The Flnanclal Reports"ng Standard applicable in the UK and Republlc of Ireland" and the Charities Att 2011. The charity is a Public Benefit Entity a5 defined by FRS 102. 2.2. Incomlng Resource• Voluntary Income recelved by way of donations and gifts to the Charity is included in full in the Statement of Flnanclal Attlvltles when recelved. Intanglble income Is valued and Included In Income to the extent that it represents goods or services which would otherwlse be purchased. Where It is not possible to value the goods or servlces, such as volunteer time, the accounts do not include thls value. Investment income Is accounted for In the year in whith It is received. 2.3. ReurCeS Expended Expenditure Is accounted for on a payment basis. 2.4. Tanglble Flx•d Amets and Depreclatlon Tanglble flxed assets are measured at cost less accumulated depreclatlon and any accumulated impalrment losses. Depreciatlon is provided at rates calculated to write off the cost of the fixed assets, le55 thelr estimated resldual value, over their expected useful lives on the following bases: Flxtures & Flttlngs 250h Reduclng balance 2.5. Cash and Cash Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term hlghly Ilquld investments that mature In no more than three months from the date of acquisition and are readlly convertlble to a known amount of cash wlth Inslgnlficant risk of change in value, and bank overdrnfts. 3. Income from Donatlons and Legacles 2025 UnresCted Restrlcted Total funds funds funds Donations and gifts Member subscriptions and sponsorshlps Grants 10,123 4,212 11.144 10,123 4,212 15,644 4,500 25,479 4,500 29.979 Page B
Bedazzle (CIO) Notes to the Financial Statements (continued) For The Year Ended 6 April 2025 2024 Unrestrlrted Restrirted Total funds funds funds Donations and gifts Member subscript6ons and sponsorships Grants 2,878 2.878 2,878 2,878 4. Income from Other Tradlng Artlvltles 2025 2024 Unrestrlrted Unrestrlcted funds funds Income from other tTrding actyvltles Consultancy servlces 18,847 1,592 20,439 5. Investment Income 2025 2024 Unrestrlrted Unre$trlrted funds fund$ Bank interest recelvable 12 6. Net Income/{ExperKllture) The net Income/(expendlture) Is stated after charglngl(credlting): 2025 2024 Depreclatlon of tsngible fixed assets - owned 462 364 7. Analysls of Expendlture 2025 A¢tlvltles undertaken dlrectly Support ¢osts (see note 81 Total Principal Objectlves 7.910 42.634 50,544 2024 Activitles undertaken dlrertly Support costs {see note 8) Total Principal Objectives 23,886 32,027 55,913 Page 9
Bedazzle (CIO) Notes to the Financial Statements (continued) For The Year Ended 6 April 2025 8. Support Costs 2025 Principal Objertives Employee costs Premises expenses General administration Depreciation Governance c05ts 20,409 17,603 2,660 462 1,500 42,634 2024 Princlpal Objectlve$ Employee costs Premises expenses General admlnSstratlon DepCIatIon Governan costs 21,308 4,525 2,830 364 3,000 32,027 9. Independent Examlner'$ Remuneratlon 2025 2024 Independent examlnation of the flnancial statements Other assurance services Tax advlsory servlces Other ftnancial servlces 1,500 3,000 1,500 3,000 10. Stsff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Social security costs 23,147 16,875 1.283 23.147 18.158 No employees recelved employee benefits (excluding employer pen5i0n costs) for the reportlng perfod of more than £60,000. 11. Average Number of Employees Average number of employees during the year was.. 2 (2024: 1) Page 10
Bedazzle (CIO) Notes to the Financial Statements (continued) For The Year Ended 6 April 2025 12. Tangible Assets Fixtures & Flttlngs Cost As at 7 April 2024 3,448 As at 6 April 2025 3,448 Depreclation As at 7 April 2024 Provlded during the pertod 1,599 462 As at 6 Aprll 2025 2,061 Net Book Value As at 6 AprS12025 1,387 As at 7 Aprll 2024 1,849 13. Debto 2025 2024 Due wlthln one y•ar Trade debtors 4,679 150 14. Credltors: Amounts Fallln9 Due Wlthln One Year 2025 2024 Trade credltors Other Credltors Taxatlon and soclal securlty Accruals and deferred Income (i) 210 283 3,000 1,000 868 2,066 3,934 3,492 15. Movement In Funds As at 7 Aprll 2024 As at 6 Aprll 2025 Income Expendltttre Transfers Unrestrlcted fund$ General.. General unrestrlcted fund Restrlrted funds Restricted Fund Wolverhampton Music Education Hub 4,008 50,317 (45,107) (937) 8,281 4,500 (5.437) 937 Total funds 4.008 54,817 (50,544) 8,281 Pdge 11
Bedazzle (CIO) Notes to the Financial Statements (continued) For The Year Ended 6 April 2025 As at 7 Aprll 2023 As at 6 Aprll 2024 Income Expendlture Unrestrlcted funds General.. General unre5tritted fund Restrirted funds Restricted Fund - Wolvetharnpton Muslc Education Hub 4,937 44,671. (45,600) 4,008 2,313 8,000 (10,313) Totsl funds 7,250 52.671 (55,913) 4,008 16. Transactlons wlth Trustees No trustee expenses have been Incurred. 17. Related Party Dlsclosur•$ There have been no related party trdnsattions in the reporting period that require dlsclosure, except for those dlsclosed In the Transattlons with Trustees note. 18. Controlllng Partles The charity's ultimate controlling party Is the Trustees. Page 12
Bedazzle (CIO) Detailed Statement of Financial Activities For The Year Ended 6 April 2025 2025 2024 Totsl funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legades Donats'ons and gifts Membership subscriptions Grants 10,123 4,212 15,644 2,878 29,979 2,878 Charltable Actlvltles: Prlnclpal Objectlv Workshops Tralning Kentsl in¢ome 241 47,784 3.150 1,004 1,997 4,395 49,781 Other tradlng actlvltles School SLAS Miscellaneous Income 18,847 1,592 20,439 Investments Bank Interest re¢elvable 12 12 54,817 52,671 EXPENDITURE ON.. Charltsble Actlvltles: Prlnclpal ObJertlve• Purchases storage expenses Wages and salaries Wages and salaries Employers Nl Staff training Travel and subsistence expenses Rent Light and heat Computer software, consumables and maintenan Repairs, renewals and maintenan Insurance Printing. postage and stationery Advertising and marketing costs Telecommunications and dats costs (3,180) {20,416} 13,470} (4,730) {18,417) {16,8751 11,283) (1,265) (727) {15,5201 12,083) (946) {131} (144) {123} {300} {531} (285) 140) (40) (3, 150) (4,525) (1,154) Legal fees Bank charges Charitable donations ..COWINUED Page 13
Bedazzle (CIO) Detailed Statement of Financial Activities (continued) For The Year Ended 6 April 2025 Stjndry expenses Depreclation Independent examiner's fees (120) (462) (1,500) {1,6761 (364} (3.000) (50,544) 155,913) {50,544) (55,913) NET INCOME/(EXPENDITURE) 4,273 {3,2421 Page 14