Beaumont Lodge Neighbourhood Association CIO
Report and Financial Statements
For the year ended 30 June 2023
Charity No: 1166871
Beaumont Lodge Neighbourhood Association CIO
Contents of the Financial Statements for the Year Ended 30 June 2023
||Page|
|---|---|
|Charity Information|1|
|Report of the Trustees|2 - 3|
|Independent Examiner Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 - 11|
Beaumont Lodge Neighbourhood Association CIO
## Charity Information
for the Year Ended 30 June 2023
|**TRUSTEES:**|M Buchanan (Chair)|
|---|---|
||R K Jagota|
||D M Lee|
||J Pryor|
||G J Payne|
||J Marvin|
||J Thobhani|
|**REGISTERED OFFICE:**|Beaumont Lodge Neighbourhood CIO|
||Beaumont Lodge Neighbourhood Centre|
||250 Astill Lodge Road|
||Beaumont Leys|
||Leicester|
||Leicestershire|
||LE4 1EF|
|**CHARITY NUMBER:**|1166871|
|**BANKERS:**|HSBC|
||Leicester Clock Tower|
||2 - 6 Gallowtree Gate|
||Leicester|
||LE1 1DA|
|**ACCOUNTANTS:**|Trouble with your figures|
||73 Leicester Road|
||Thurcaston|
||Leicester|
||LE7 7JH|
Page 1
Beaumont Lodge Neighbourhood Association CIO
## Report of the Trustees for the Year Ended 30 June 2023
The Trustees present their report with the financial statements of the charity for the year ended 30 June 2023.
## **OBJECTIVES AND ACTIVITIES**
The principal activity of the organisation in the period under review was that of providing benefit to children, young people and adults, primarily but not exclusively, and without limitation, within the Beaumont Leys Ward of Leicester. To ensure a better quality of life for the residents of Beaumont Leys.
## **ACHIEVEMENTS AND PERFORMANCE**
This year, the trustees of Beaumont Lodge Neighbourhood Association continued to demonstrate their commitment and dedication in a voluntary capacity, playing a crucial role in sustaining our operations and growth. We extend our profound appreciation to all our members, supporters, and community partners for their unwavering assistance and support. This collaboration has been integral to our ability to navigate through challenging times and maintain our momentum.
Significant milestones this year included the successful hosting of the King's Coronation event and an engaging series of youth sessions, both of which exemplify our commitment to community engagement and development. We also wish to express our gratitude to E2 - The Cooke E-Learning Foundation, The National Lottery Community Fund, Leicester City Council, and our Ward Councillors for their valuable contributions, which have been been instrumental in our achievements.
## **FINANCIAL REVIEW**
The past financial year presented several challenges, particularly in terms of managing increased operational costs against the backdrop of fluctuating revenue streams. Despite these hurdles, our resolve to maintain financial stability remained strong. We are mindful of the need to enhance our income sources to cope with the rising costs of utilities and services, ensuring the continuation of our standard operations. Our focus remains on identifying and implementing sustainable financial solutions while efficiently managing our existing resources.
In conclusion, the dedication of our trustees, the generosity of our supporters, and the strength of our community partnerships form the cornerstone of our continued success. We are confident in our ability to overcome current challenges and remain steadfast in our mission to serve our community effectively.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Beaumont Lodge Neighbourhood CIO is a registered charity, was formed in May 2016 and is governed by it's CIO constitution.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Key charity details, including Trustees who served during the year under review are detailed on page 1.
Page 2
Beaumont Lodge Neighbourhood Association CIO
## Report of the Trustees (Continued) for the Year Ended 30 June 2023
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
Charity law 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 net surplus or deficit of the charity for that period. In preparing those financial statements, the Trustees are required to:-
- select suitable accounting policies and apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity
- will not continue in operation
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charities SORP FRS 102. They 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 organisation has taken advantage of the small companies exemption in preparing the report above. The trustees declare that they have approved the trustees report above.
ON BEHALF OF THE COMMITTEE
Mr M Buchanan Date: Beaumont Lodge Neighbourhood Association CIO
Page 3
Beaumont Lodge Neighbourhood Association CIO
## Independent Examiners Report to the Trustees for the Year Ended 30 June 2023
I report on the accounts of the Charity for the year ended 30 June 2022 which are set out on pages 4 to 6.
This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011. 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, for this report, or for the opinions I have formed.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the Act)
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under) section 145(5)(b) of the Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiners report**
My examination is carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the "true and fair" view given by the accounts, and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention to indicate that:
- Accounting records have not been kept in accordance with section 386 of the Companies Act 2006.
- The accounts do not accord with such records.
- Where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting
requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102).
- Any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Linda Kimberley-Brooks (ACMA)
Trouble with your figures
73 Leicester Road
Thurcaston Leicester LE7 7JH
Date:
Page 4
Beaumont Lodge Neighbourhood Association CIO
## Statement of Financial Activities
for the Year Ended 30 June 2023
|**Income**
Donations and legacies
Charitable Activities
Total
**Expenditure**
Raising Funds
Charitable Activities
Separate material expense
Total
**Net income/(expenditure)**
Total funds bought forward
**Total funds carried forward**|**Notes**
**Restricted**
**Unrestricted**
**Total**
**Prior Year**
**£**
**£**
**£**
**£**
3
4
10,000
-
10,000
16,815
-
10,422
10,422
9,205
10,000
10,422
20,422
26,020
5
-
-
-
-
4,970
14,854
19,823
22,934
6
-
498
498
484
4,970
15,352
20,321
23,418
5,030
(4,929)
101
2,602
5,493
16,294
21,787
19,185
10,523
11,365
21,888
21,787
**2022/23**|
|---|---|
Page 5
Beaumont Lodge Neighbourhood Association CIO
## Balance Sheet
## As at 30 June 2023
|**Notes**
**Restricted**
**Unrestricted**
**£**
**£**
**CURRENT ASSETS:**
Debtors
7
-
76
Bank Account
9
10,523
12,380
**Total Current Assets**
10,523
12,456
**CREDITORS FALLING DUE**
**WITHIN ONE YEAR:**
8
-
1,091
**TOTAL NET ASSETS/(LIABILITIES)**
10,523
11,365
**FUNDS OF THE CHARITY**
10
Restricted Income Funds
11
10,523
-
Unrestricted Funds
-
11,365
**Total Funds**
10,523
11,365
30/06/2023|**Total**
**Total last year**
**£**
**£**
76
244
22,903
22,485
22,979
22,729
1,091
942
21,888
21,787
10,523
5,493
11,365
16,294
21,888
21,787|
|---|---|
The charity was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Approved by the trustees and signed on their behalf by:
## **Mr M Buchanan**
Trustee Date:
## **R K Jagota**
Trustee
Date:
Page 6
Beaumont Lodge Neighbourhood Association CIO
## Notes to the Financial Statements
## For the year ended 30 June 2023
## **1) Basis of preparation**
## **Basis of accounting**
The 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.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
The charity constitutes a public benefit entity as defined by FRS 102.
## **Going Concern**
These accounts are prepared on the going concern basis.
## **Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.
## **Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period.
## **Material prior year errors**
No material prior year error have been identified in the reporting period.
## **2) ACCOUNTING POLICIES**
## **2.1) Reconciliation with previous generally accepted accounting practice**
None required for this period.
## **2.2) Income**
## **Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources;
- the monetary value can be measured with sufficient reliability.
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses.
## **Grants and Donations**
Grants and donations are only included in the SOFA when the general income recognition criteria are met. (5.10 to 5.12 FRS102 SORP).
No performance related grants were received.
## **Government grants**
The charity has received no government grants in the reporting period.
Page 7
Beaumont Lodge Neighbourhood Association CIO
## Notes to the Financial Statements
## For the year ended 30 June 2023
## **2.3) Expenditure and Liabilities**
## **Liability Recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty..
## **Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by time spent and other costs by their usage.
## **Grants with performance conditions**
Where the charity gives a grant for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
## **Redundancy cost**
The charity made no redundancy payments during the reporting period.
## **Deferred income**
No material item of deferred income has been included in the accounts.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Provision for liabilities**
A liability is measure on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **Basic financial instruments**
The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
## **2.4) Assets**
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Page 8
Beaumont Lodge Neighbourhood Association CIO
## Notes to the Financial Statements
## For the year ended 30 June 2023
## **3) Income**
|**Donations and legacies**
Donations and gifts
General grants provided by government/other
charities
Total
**Charitable activities**
Fundraising
Membership
Room hire
**4) Government Grants**
LCC Funding
**5) Expenditure**
**Expenditure on raising funds:**
Coffee Morning Expenses
Community Café Expenses
Community Fun Day Expenses
Fun day Expenses
Total Expenditure on raising funds
**Expenditure on Charitable Activities:**
Office Expenses
Project Expenses|**Restricted**
**Unrestricted**
**£**
**£**
-
-
10,000
-
10,000
-
-
640
-
-
-
9,782
-
10,422
**2022/23**
**2021/22**
-
3,250
**Restricted**
**Unrestricted**
-
-
-
-
-
-
-
-
-
-
-
14,854
4,970
-
4,970
14,854
**2022/23**
**2022/23**|**2021/22**
**Total**
**£**
-
465
10,000
16,350
10,000
16,815
640
661
-
-
9,782
8,544
10,422
9,205
**2021/22**
**Total**
-
-
-
-
-
-
-
-
-
-
14,854
13,756
4,970
9,662
19,823
23,418|
|---|---|---|
Page 9
Beaumont Lodge Neighbourhood Association CIO
## Notes to the Financial Statements
For the year ended 30 June 2023
## **6) Details of certain types of expenditure**
## **6.1) Fees for examination of the accounts**
|Independent examiner's fees
Accountancy services paid to independent examiner
**7) Debtors**
**7.1) Analysis of debtors**
Trade Debtors
Prepayments and accrued income
**8) Creditors**
**8.1) Analysis of creditors**
Trade Creditors
Accruals and deferred income
**9) Cash at bank and in hand**
Cash at bank and on hand|**2022/23**
**£**
498
-
498
**2022/23**
**£**
-
76
76
**2022/23**
**£**
-
1,091
1,091
**2022/23**
**£**
22,903|**2021/22**
**£**
484
-
484
**2021/22**
**£**
-
102
102
**2021/22**
**£**
-
942
942
**2021/22**
**£**
22,485|
|---|---|---|
Page 10
Beaumont Lodge Neighbourhood Association CIO
## Notes to the Financial Statements
For the year ended 30 June 2023
|**10) MOVEMENTS IN FUNDS**
Restricted/
Unrestricted
Bling 17
Restricted
TNLCF Awards for All (Coronation)
Restricted
TNLCF Awards for All (Bounce Back BBYS)
Restricted
Ward Funding 2022 (Queen's Jubilee)
Restricted
Garden Project 2020
Restricted
Other funds
Unrestricted
Total Funds as per balance sheet|At 1 July 2022
Incoming
Resources
Outgoing
Resources
At 30 June
2023
600
-
600
-
-
10,000
2,205
7,795
4,462
-
1,734
2,728
426
-
426
-
5
-
5
0
16,294
10,422
15,352
11,364
21,787
20,422
20,321
21,888|
|---|---|
## **11) DETAILS OF RESTRICTED FUNDS**
## The National Lottery Community Fund Awards for ALL (Coronation)
The Coronation-themed project was used for our Coronation celebration event, and ongoing youth activities that celebrate and acknowledge the King's coronation.
The National Lottery Community Fund Awards for ALL (Bounce Back Better Youth Scheme)
This funding from the TNLCF Awards for All, is designed to help young people recover and thrive after the COVID-19 pandemic with open access youth sessions. The Bounce Back Better Youth scheme focuses on providing open access youth sessions that offer arts and crafts, ance and music activities that engage young people in positive activities.
Ward Funding 2022 for the Queens Jubilee celebrations
This fund is a localised grant provided by Leicester City Council Community Ward Funds in 2022, aimed at supporting our event that celebrated the Queen's Jubilee. It catered for local residents, families, children and young people and was a significant royal celebration, promoting community involvement and celebration of the historic event in the heart of our community.
Page 11