Beaumont Lodge Neighbourhood Association CIO Report and Financial Statements For the year ended 30 June 2024 Charity No: 1166871
Bcaumont Lodge Neighbourhood Association CIO Contcnts of the Financial Statements for the Year Ended 30 June 2024 Page Charity Inforn]ation Report of the Trustees Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7- 11
Bcaumont Lodge Neighbourhood Association CIO Charity Inforn]ation for the Year Ended 30 June 2024 TRUSTEES., M Buchanan (Chair) C Ward R l Neale R K Jagota DML¢¢ J Pryor G J Payne J Marvin J Thobliani REGISTLRED OFFICE: Bcaurnont Lodge Neighbourhood CIO Beaumont Lodge Neighbourhood Centre 250 Astill Lodge Road Beaurnont Leys Leice8ter Leicestershire LE4 IEF CHARII'Y NUMBLR: 1166871 BANKERS: Leicester Clock Tower 2 - 6 Gallowtr¢e Gate Leicester LEI IDA ACCOUNTANTS: Troubl¢ with your figure8 73 Leicester Road ThurL'dSton Leicester LE7 7JH Page I
Bcaurnont Lodge Neighbourhood Association CIO Report of the Trustees for the Year Ended 30 June 2024 The Trustees present their report with the fjnallciai statemellts of the cbarity for the year ended 30 June 2024. OBJECTtVES AND ACTIVITIES The principal activity of the organisation in th¢ period Under r¢view wgs that (Trf providing benefit to childrcn, young people and adults> primarily bui not exclusivelyj and without limitation, within the Beaumottl Leys Ward of Leicester. To en8ure & better quality of life for the residcnts ofBeaumoot Leys. ACHIEVENTENTS AND PERFORMANCE The trustees of BeaumoDt Lodge Neighbourhood AsSOCi&tioll extend our heartf¢li thanks to our ll)¢mbers, supporters, and community partners for Ih¢ir unwav¢ring dedicacion lo our organis4lion. Your 8UPPOrt ha5 becn pivutal in h¢lpin8 U5 nttvigate Other ch8llen8iDg year while buildin8 a stronger foundation for the future, Thi$ year hus been mwked by several si8niliconl dev¢lopment$ and 6ucc¢gse¥, We w¢lcomed new tru8lees to our board, bringin# fr¢sh in5ighis and cn¢i'8y lo our Icodership. Their rvntribulion8 hav¢ been invaluuble as we wurk towArds slrengthei)ing our governqnce. We are ¢urrcnily developiiig a reserv¢8 PC*licy and conductin8 a eoinprehensive risk Ussessmenl io enhun¢e our or8uni&ulionul resilience and prepAre for fviure ch4lleng¢s. Our efforts lo eng£ige wilh the comrnunity huvo be¢n particulArly rcw4rdin8. We carried out two suc¢es8fv1 thndrnising cvenls, which nol only gcn¢roicd Inuch-necded income bul al80 strengthened our ¢onne¢lions with the local community. Thcse ¢vcnl¥ highlighted the r¢bili¢nLr und genero8ily vf our 8UPPOrtery, und w¢ plan lo build on this mom¥ntum with similar aclivilies in the ¢omiii¥ yegr. Additionullyp our partnLf8hips with E2 - The CL)oko E-LLaniin¥ boundotion, The National Lott#ry Coiy)munily Fund, Lciccslcr City Council, und vur Ward Councillurs huvc bocn inslrum¢ntal in Juslainin8 our operation8 un¢J enublillg uy lo provide ey5ential 8ervices lo the ¢ommunily, FITrIANCIAL RKVIKW Thc financial ycar 2023-2024 has prc8cnted boih challeny¢s and oppormnities. Risin¥ operntiny costs. particularly in enwgy ¥LYvic¢y, hawe continued to place si8nifi¢Ant pressure on our resource5, Despit¢ these challcn¥LS, our 8ULCLSSful fundraiyinm evcnl¥ have provided u much-ne¢ded boost to our income, helpin¥ us lo offset some of th¢ incr¢a8ed exp¢n8Ls, WL fortunate lo have 8ullicient re5eNe5 10 5UStain us in the Short lerni, bul we reco18¢ the need tor longer-lernl finlln¢ial Siiibilily. Tu Iiddr¢&5 Ihi¥, wc UTe ucLively workin¥ on a rcJerYcs policy (hut will 8uid¢ our finan¢ial d¢cisions and s¢ren8then our re¥ilicnce. Addilivnally, we are explorin8 ways lo diverBify and expand our Income 8trgamg to se¢uro our op¢rations and ullow us lo continu¢ providinu viLlll 8eivi¢es. Luoking aheud. (hc tswi¢ES and J remain committed to ensuring that Beaumonl Lodge N¢i¥hbourhood Asso¢iation not only &urvive5 but thrives. Together, with your continued support, we aim to overcome challenges ld build a brighter futur¢ for our community. Thank you ftsr your contributions io our 8UCC¢SS. Page 2
aumont Lodge Neighbourhood Association CIO Report of the Trustees (Continued) for the Year Ended 30 June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Beaumont Lodge Neighbourhood CIO is a registered clwiiy* was forn in May 2016 and is governed by il's CIO ¢onstitution. REFERENCE AND ADMINISTRA'fIvE DETAILS Kcy ¢harily dets¥il$, including Ttustees who setved during Ihe year under rcview arc detailed on pag¢ l. STA'I'EMLNT OF TRUSTELS RESPONSIBII.ITtES Charity law requires the Trustees ro prepare financial statements for ea¢h financial year whi¢h give a true and fair view of the stste of affair8 of (he ¢harity and of the net surplus or deficit of Ihe chHrity for that period. In pIeparin8 those financial Statcments, Ibe Trustees are yequired to.,. selKI suitable &c¢ounting poli¢i¢s and apply them ¢onsist¢nily make jud¥emenls and estimate8 that are reasonable ]d prndent prepar¢ the financiul Silllem¢nts on the Boing ¢ollcLrn basis unless il 18 Appropriultt iu presum¢ ihmt the churity will not ¢un12nue in operation Th¢ Tru51ees Mr¢ re8pon8ibl¢ for kccping proper uccounling reLords which disclose with rellsonabl¢ uccuraLy al uny time the fing1)ciDI position of the cborily Dnd lo enable them io ensure that the tinkmcial staltments comply with th¢ Lharili¢tTr Acl 2011 and the Charilic8 SORP FRS 102. Th¢y arc also N'sponsible for yafeguurdin¥ the ussets of IhL Charity and hence For takinLI reasunablo Steps for tho prcvenlion and dei¢Gtion of frgud and other irregularities. The or8anisalion has taken advantage of the sm&ll ¢omp4nics exomplion in prepuing tbe report above. The ISt¢v5 de¢,lure Ihat Ih¢y h4v¢ approvcd Ihc Irusl¢c5 r¢pui'l abovc, ON BEHALF Of THE L'OMMtTfEE Mr Bu¢han#n Beaumont Lodge Neighbourhood Association CIO Dale,. 10.12.14 Page 3
Beaumont Lodge Neighbourhood Association CIO Independent Examiners Report to the Trustees for the Year Ended 30 June 2024 I report on the accounts of tbe Charity for th¢ year ended 30 June 2024 wbioh are s¢t out on pages S lo I l. Tbis report is made golely to the trustees, al 8 body. iu accordauce with the regulations made under Se¢tion 154 of the ChaTities Aet 2011. My work has been undert&keu so that I n)ight state lo the chuity's trustees those malter8 l am required lo slate to them in aD independent exaD)ineVs report for no other purpose. To the fullest extent perniilled by law, I do not occcpt or assume responsibility lo anyone other th&n the charily and the charity's Irusl¢es, as a body* for my worK for this report, or for the opinions I hav¢ fOrnd. Respe¢tlve responslbllltlcs of trustee5 And examlner The Charity's trustees ar¢ responsible for the preparation ofthe accounts. The charity's trustees consider that an audit 18 not r¢quired for this year (under section 144 of (h¢ Chariti¢s Act 2011 {Ih¢ Act)) and that an ind¢p¢nd¢nl Cxaminulion is needed. 1115 my r¢$ponsibility (o.. exainine the &ccout)ts (ulldor soction 145 of tho Act) to fullow th¥ procedure8 laid down in th¢ General Directions given by the Charity Commissioners (under) 8e¢tion 145(5)(b) of the A¢l); And to 51uLe whcth¢r PArlicular mallers hav¢ come lo my &tt¢nlion. BHils of llldepeudent ex&mlners report My exaillinalivn 15 CU¢Ticd out in 4ccor(ianoo with th¢ Gcn¢ral Dirwlions yiven by the Charity Commissioner8. An cxominalion include¥ & review of the a¢countin8 re¢ords kept by th¢ charity and o ¢ompari50n of the accounts presented wilh diosL rccoi'd8. 114190 in¢ludc8 LOll5id¢ralion of Hny unusual items or dis¢losuro5 in th¢ accounts, ond the seekin ofcxplanutiony from you as trustees concerning any 8ueh mutters. The procedures undertakcn do not provide all the evidentic th1 would bc requircd in an oudil and, consequently. I do not exprc58 on Audii opinion on th¢ "truc and foir" view 8iven by tho accounts, aiid the report is limited lo those m<¢rs 8el out in the stalement below. Independent examlnor'i statement In connection with my cxaininution, no mlltt¢r ha8 come lo my attention lo indicate that., * Accounling word8 hove not been kept in accordance with tIon 386 olihe Companies Act 2006, Thc o¢cDunty do not dc¢urd with such re¢ord8, Wh¢re accounts are prq)arLxI on Bn aLcru41s bBsi5, whether they fail lo comply with wlevunl llccoui)liny r4uir¢menls under 5e¢tivn 396 of th¢ Companiu Act 2006, or ar¢ not consistent wilh Ihc chitIeS SORP {FRS102). Any motler which the examiner belioves should be drawn to tts¢ Bttenlion ot'th¢ reader to gaitt a proper understandin8 Df Ihe 4c¢ounts. Linda Kimberley-Brook5 (ACMAI Trouble wilh your figur¢s 73 Leicester Road Thurcaston Leirester LE7 7JH Date: Page 4
Beaumont Lodge Neighbourhood Association CIO Statement of Financial Activities for the Year Ended 30 Jun¢ 2024 2023124 Restrleted Uhrestrlcted Notes Total Yrlor Ye4r Income Don4tions and legacies i 0,000 Charitable Activities 10,602 10,602 10,422 Total 10,602 10,602 20,422 Expendltur¢ RAisin8 Funds Cbarilable Aclivilie$ 10,523 16,377 26,900 IY,823 Sep8rale inaterial expense 514 514 498 Total 10,523 16,891 27.414 20,321 Net Incomel(expendlture) (10,523) (6,289) (16,812) ioi Total funds bought fonvard 10,523 11,365 21,888 21,787 Tot41 fundy ¢arrled forward (o) 5,076 5,076 21,888 Page 5
Beaumont Lodge Neighbourhood Association CIO Balance Sheet As at 30 June 2024 3010612024 Restricted Unrestrlcted Notes Total Totol lait yeAr cuRRET ASSETS; Dcbtors Bank Account Total Current A$se¢8 97 6,360 6.457 97 6,360 6.456 76 22,903 22,979 CRLDITORS FALLING DUE WITHIN ONL YEAR: 1,381 1,381 1,091 TOTAL NET ASSETSI(LJABILITIES) 21,888 FUNDS OTr THE CHARI'rY Restrirled Inrome Fund8 Unresiricied Funds io 10,523 11,365 5,076 5,076 Tot&1 Fund8 5.076 5,076 21,888 The charity was entitled to exemption from audil under s477 of the Companie3 Act 2006 relating to small rompanies, The member8 huve not required the charity to obtain un uudil in AccordanLe with Section 476 of ¢h¢ Compunies ALt ?006, The IruslLe8 acknowledg¥ their Tesponsibilities for complyin8 with the r¢quir¢monls of the Compani¢8 Act with rospe¥t lo accounting records ond the preparlltion of accounts. These accounts hove been prepAred in accordance with the provi8ion8 applieable to 8mall companies subject to the small compani¥s regime and in accordance with FRSI 02 SORP. Approved by th¥ tru8t¥Ls and $isned on their behF41f by: Mr M Buchanan Trustee Date.. R K Jagot Trustee Date.. Page 6
Beaumont Lodge Neighbourhood Association CIO Notes to the Financial Statements For the year ended 30 June 2024 l) Basis of preparation Ba818 of aeeountlng The financial sldtements have been prepared under the historical cost convention with itcms reFo8nised at ost or transaction value Lml¢ss otherwise Stated in the relevanl note(s) to these accounts. The accounts have been prcpared in ac¢ordanc¢ with the Statemenl of Recommended Practi¢e: Ac¢ounling aad Reporting by CharitlC8 preparing their accounts in accordance with the Financial R¢portin8 Standard applicabl¢ in the UK And Republio of Ireland (FRS 102) issued on 16 July 2014. The ¢harity conslitutcs a public benefit enlity lls defined by FRS 102. Golng Concern These ll¢counl.% are prepared on the 80ing eoncern ba819. Ch4n¥¢ of aecountlng polley The accounts pre$¢nt a truc and fair view and no changes have been made to th¢ accounting policie8 adopted in note 2, Ch4ngcJ to Accountlng estlmAte$ No Lhllnges to accounling cslin)ules havc o¢cuttcd in the reportin8 period. M4terlAI prlor year error$ No m&t¢rial prior year ern)r hllve been idenlified in the reporting period. 2) ACCOUN'fiNG POLICIES 2.1) Roconelllallon wlth prevlou5 gcnerlllly atcepted accountlng prletlce None rL'quii'ed for ihiy period. 2.2) Income Reeognltlon of Incomc Th¢ge ur¢ included in the Stateinent of Financial Activities (SOFA) when: the ¢hurily beLumLs LnlitlLd to th¢ resources,, it is mor¢ likely than not thut the tru8t¢es will receive the r¢yource5; the mon¢lary valuL Lan bc measured with 5uffi¢ient reliability. Offscttlng There hus been no offsetting of assets and liabilities, or incom¢ and expens¢s. Gr4nts and Donatlons Gr&nts and donations are only included in the SOFA when Ihe general income recognition criteria are mel. (5,10 10 5.12 FRS102 SORP). No performanre related grants were received. Government grants The charity has received no government 8rants in the reporting period. Page 7
aumont Lodge Neighbourhood Association CIO Notes to the Financial Statements For the year ended 30 June 2024 2.3) Exptnditur¢ and Llabilltles LIAbllity Reeognltlon Liabiliti¢s are r¢cognised where it is more likely than not thal there is a legal or constructive obligation committing the charity to pay out re80urces and the amount of the obligation can be measured with r¢asonabl¢ certainty.. Govcrnlnce and support Costs Support cost.8 have bc¢n allocatcd betw¢en govetnance ¢051s and other 8uppon, Governance ¢08ls comprise all costs involving public accountability of the charity and its compliance WEih re8ulation And good practice, Support costy in¢lude central functions and have been allocated to activity cost Galegorius on a basis knonsisteni with the use of resources, e.g, allocllting property costs by floor areas, or per capil&, stsff co&t8 by time spent and oth¢r costs by their usa8e. GrAnts wlth performance condltloni Where the charity gives a grnnt for ils pay]n¢nt being a specific level of service or ouiput to be provided, such 8rants ar¢ only r¥Lo8nisvd in the SOFA on¢v tl)e I'¢cipiLnt of the grant has provid¢d tlie 5pLcifi¢d 5erviLe or Outyut. Grants Payable Ivlthout performance condltloni Where Ihcre are no conditions attuchin8 to the grant that enables tho donor charity to reuliylically uvoid the ommitmenr, a liubility for the full funding obli8ation musl be re¢ognts¢d. Redund*ney coit Th¢ charity made no redundancy payments during the reportin8 period. Deft'erred Income No m&terial item of deferred inLome has been includod in IhL aclounts. Cr¢dltor¥ The charity has creditors which are meAsured at settlement amounts Icss any trade discoullts. Provljlon for Il#bllltle$ A liobility is m¥85ure on recognition at its historical cost and then subsequently mea8UT¥d at tho best e,8timaic of Ihe ainount rcquired to s¢lllc the obli8ulion al the reporting date. B$1¢ flnanclal Instruments The ¢harily accounts for basic financial iiistruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent meusurement is as per paragraphs 11.17 to 11.19, FRSI 02 SORP. 2.4) A$iets Debtors Debtors (inrluding trade debtors And loarks receivable) are measured on initial recognition at Settlement amount aftcr any trade discounts or amount advanced by the charity. Subsequently. they are measured al the cash or other consideration eKpe¢led to be received. Page 8
paumont Lodge Neighbourhood Association CIO Notes to the Financial Statements For the year ended 30 June 2024 3) Income 2023124 2022123 Restricted Unrestricted Total Donitlons ond legacles Donations and gifts Gen¢ral gran15 provided by governmenvother charitie8 0,000 I"olal 10,000 Charlt&ble A¢tlvltles Fundraising M¢inber8hip Room hire 914 914 640 9,688 9,688 9,782 10,602 10.602 10.422 4) Government Gr4llty 2023124 2022123 LCC Funding 5) Expendlture 2023124 Re$trlcted Unrestrlcted 2022123 Expendlture on rqlslng funds: Coffee Mornin8 Expenses Community Cofo Expens¢s Community Fun Day Expenses Fun day Expen3es Total Total Expcnditure on raising funds Expendltur¢ on CharltAble Actlvltles: orri¢e Expenses Proj¢ct Expens¢ 16,377 16,377 10,523 14,854 4.970 10,523 10,523 16,377 26,900 19.823 Page 9
Beaumont Lodge Neighbourhood Association CIO Notes to the Financial Statements For the year ended 30 June 2024 6) Detalls of cert&ln types of expenditure 6.1) Fees for exAmlnatlon of the aecounts 2023124 2022123 Independent examinees f¢e8 AcLountancy 8ervices paid lo independent examiner 514 498 514 498 7) Debtors 7.1) AnAlyslJ of debtor8 2023124 2022123 Trade D¢btoro Pr¢pllnents and Accruttd inlome 97 76 97 76 8) Cr¢dltors 8.1) An41yslJ of eredltorl 2023124 2022123 Trade Creditors Acciiwls and doferred inLom¢ 1,381 1.091 1,381 1,091 9) Cash At bank and In hind 21123124 2022123 Cash at bank And on hand 6,360 22,903 Page 10
Reaumont Lodge Neighbourhood Association CIO Notes to the Financial Statements For the year ended 30 June 2024 Restrictedl Incoming Unrestricted At l July 2023 R¢souTC¢S 10) MOVEMENTS IN FUM)S Outgoing Resources At 30 Jun¢ 2024 TNLCF Awards for All {CoTonation) TNLCF Awords for All (Boun¢¢ Ba¢k BBYS) Other funds Rc8trict¢d 7,795 2,728 11,364 7,795 2,728 16.891 Restricted Unrestricted 10,602 5,075 Total funds as p¢r balance sheet 21,888 10,602 27,414 5,075 11) DETAILS OF RESTRICTED b UNDS The National Lottcry Community Fund Awards for ALL (Coronation) Tlie Coronulion-themed project was u8ed for our Coronation Lelebration event, And ongoing youth activiti¢$ that Lel¢brat¢ and thLknowl#dse th¢ Kiii¥8 coronation. The Nationpll Lottery Cominunity Fund Awards for ALL (Bounce Back Belter Youth Svheme) Thi$ ndIng froin Ihe TNLCF Awards for All. is designed to help young people rtscover and thrive Htler the COVID-I g pEmdemic wilh open a¢cc8s youth scs8ions. The Bounce Back Better Youth schem¢ focu$¢8 on providing opcn u¢ceyy youth sesyions that offer arts and craft8, anie 4nd mu8iC aCtivit1¢8 thut en8age youn8 people in posilivc a¢livilies. Pagell
Accounts for Period Ended 30th June 2024 For Beaumont Lodge Neighbourhood Association CIO Charity no 1166871 HMRC Charity Ref ZDI1877 250 Astill Lodge Road Beaumont Leys Leicester LE4 IEF
Beaumont Lodge Neighbourhood Association CIO Accounts for Year ended 30th June 2024 As described below, you havc approved the accounts for the period ended 30th June 2024 set out on the following pages. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and explanations supplied to us. Trouble with your figures 73 Leicester Road Thurcaston Leicester LE7 7JH Date . 10. 11: la L*......,............ Client A rival Certificate l approv¢ the accounts and confirm that I have made available all relevant records and inforniation for their preparation, Mr M Buchanan (Trustee / Chair) Date
Beaumont Lodge Neighbourhood Association CIO Illcome and Expenditure for period ended 30th June 2024 Perlod to 30106124 Period to 30106123 Income Sales Cost Of S8les Direct Costs 11,550 4,753 11,550 4,753 Gros$ Surplus 948 Other Income LntLrest Tax Frce Inconlive Expendlture Rent and Rates Utilities Subscriptions Insurance Telephone Post & statiuncry Cleaiiing, I'cpairs and maintenance Room Hir¢ Travel Sundry expenses Accountancy 6,415 277 559 294 25 6,066 500 s,ioi 322 637 584 499 5,230 1,677 254 60 458 To¢Ydl Costs less other Income Net Surplus / (Dcficit) 101
Beaumont Lodge Neighbourhood Association CIO Balance Sheet as at 30th June 2024 Asat 30106124 AsAt 30106123 INTANGIBLE ASSET- GOODWtLL FIXED ASSETS Plant and Machinery Fixtures and Fitting$ Incidcnt&l acquisition costs of goodwil CURRENT ASSETS Tradc Debtors Prepayments C85h at bank and in hand 97 76 22,903 CURRENT LIABILITIES Trad¢ CrcditOT5 Accruals PAYE & NIC Liability Hire Purchase 1,381 1,091 Working Capital 5,076 21,888 LONG TERM LIABILITIES Loans - more than l year NET ASSETS FINANCED BY CAPITAL ACCOUNT Brought Fonvard Surplus from charitable activities 21,888 (16,812) 21,787 IOL 5,076 21,888 Deficit from charitable activities 5,076 21,888 5,076