ChArfity reglstrAtffion uumber 1167151 BEXLEY SIIAP ANNUAL REPORT AND UNAUDITED FINAIYCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2023
BEXLEY SNAP LEGAL AND ADMIIYISTRATIVE INFORMATION PAtroD Steve Backiey OBE Trustees J Toliday M White-Peart S JoDes K Horry E Bardrick V Buckley (Appointed 8 Jwie 20221 (Appointed 28 NovembEr 20221 Chgrity nurnber 1167151 PrlnelpAI Addruj Nornbandy Children's Centr¢ Trairford Avenu¢ Barnehur51 K¢nl DA7 6QP Independent tximlner Darren Harding ACA FCCA DChA Richard Place Dobson S¢TViW Limited TIA Alexandrn Durrant IOA-12A High Street E¢ Orinsle4d W¢st Sussex IiH193AW BAnkers National Westminster Bank pl¢ Bexlcyhcath Shoppin8 Centre I rownley Road Bexleyheath DA6 7JG CAF Bank 25 Kin&8 Hi115 Av¢nue Kings Hill West M#llirtg Ktnt NIE194JQ CCLA ItL¥estmettt Man8grm¢nt Ltd 85 Quttn Victoria Street London EC4V 4ET
BEXLEY SNAP CONfENTS PAge Trustees, report Independent ¢xamineVs report Stat¢ment of fJnan¢L31 activities BAlleC sheet Not¢3 to the financi stslements 7-21
BEXLEY SNAP TRUSTEES, REPORT FOR THE YE4R ENDED 31 MARCH 2023 The Th18tees present their annual report and financial statemenL8 for th¢ year ended 31 March 2023. The finaoctai statements hav¢ been prepared in ac¢ordance with the accounting policies set out in note l Éo the finwi¢ial statemenis and Comply with the charity'5 Consiitution, the Charities A¢[ 2011 and "Accountijig Reporting by Chartties.. Statement of Recomm¢nd¢d PTaCtiee applicable to charitie5 preparing their a¢counts in ac¢ordaDce witl) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?). leifeciive l January 20191. Oblectfvt$ #ttd #ttfvltl B¢xley Snap has the vision that di39bltd children hav¢ choitts and • right a fidfilltD8 life. To achieve this. we offer a variety of differcnt club5 for disabled children and young pwpl4 while reducing the igolation and frustration experienced by th¢ir families. We do this by.. H&viti8 the Child or par¢nVcarer èt the heart of our thinkin8 and planning Fociising on what childr¢n can do and encoura8in8 thern to push their bound1¢5 to experience and try new thin88 RtSPi)nding to new n¢eds as they emer8e We are committed io the following vaiue5'. Und¢rstdnding and showin8 respect and ¢ommilln¢nt to the families we work with Passion beLause disabl¢d thildren and young p¢ople always &"champion' Actively listening so that we can help r¢dts¢e the stW88le &nd battle that parents fa¢¢ Se¢in8 ih¢ disablcd Child as part of a whol¢ fomilv wilh ditfereni support needg Beliiving ihAI di34bl¢d ¢hildren belong and are welcome in our community The -Irustees have have complied with the duty in section 17 of the Charilic5 Aci 2011 to have due regard Its publi¢ bcnefit guidance published by the Charity Commission. The Tn¢$ believe the obje¢iive$ and aims Set Lbove fiiifil th¢ public benefit rrquircincnts 5Ct out in die guidance published by the Commission. Aehlevement8 •Md p¢rformgnce Oiir F.rtrly Year% Project welconie9 families al the stsrt of iheir journey supporting them throuyli dixgnosis of their ¢hild's coi)dition, 8ignpo3tin¥, emotional supJx)n liiiking with other famili¢5 lo rcduce 5cnse of isolation and modelling pracliul m¢#sure8 to aid dev¢lopmeiit through play. 41 diffcrent cliildr¢n regul8rly &cessed play 5¢ssions with tlieir pareni/¢4r¢r, totAlling 669 hrs, Placement requ¢sL8 for our commissioned S¢Tvices through the tAJndon Borousli of Bexley ¢oJilinue to exceed deinand. Individual tsrget Ar¢ s¢t lor childrcn attending our Holiday schemes and Little Explorer$ Saturd8y club% with mil¢stone achievements cel¢braied. 3,498 Short break houts delivered to 97 diffcrctrt childr¢n. Additional fiindirtg through the Bexley HAF (Holiday Adivities and FIK)d) programme enabled u5 to deliver additional holiday scheme provision of 184 hours di& the tht¢r and summer holidays to ?1 ditT¢rent disabled children eligible for fi¢¢ school meals, Four youth Sroups (Empire, Ily Space, YAC and Vikl for various age groups b¢tw¢¢n 12 to 25 years, enjoy ¢hoosin8 their own activity timetable in¢orporarin8 their favourtte actiTr'iti¢s trip5 in the ¢ommuni¢y. Staifand volwiteers support members to increase their social inf¢ra¢titsns and independent living skills. Through the Jack Petchey Achiev¢m¢nt Awards scheine individiial members are recognised for their posjtive Contributio5UPport of otb¢r5 or personal achicvcment within their youth groLlPS, a5 Voted for by their peers. The O¢jaI¢d funding compliments youth gTOUP activitie5 and provide additional equipment or trips out chosen by th¢ nominee. Thanks to additional fiinding from th¢ jack Petchq Found*ion, we Launc4 a ttew drama project. with th¢ pilot group support¢d by Divergent Drama. Two groups conquesed their anxiety and ll¢5 to perform Jack and the Beanstalk to a standing ovation by family and friends. Access Sport8 funded a tlew stM)rts element to oitr aft¢r %hcrf)l ¢lub Sthrt Movin& embedding physical a1VItieS each weeL w¢lcomed by atte[1d. page I
BEXLEY SNAP TRUSTEES, REPORT (CON[ThID) FOR THE YE4R ENDED 31 h£4RCH 2023 Fiinding from Tlie SEC Foundation. the Royal Wamt Holden Associatitsn, die BNI Foundation. The Masonic Charitahle Foui?dation, general fundraising atld corporate support from a number of local businesses. Snap liave been wble to instsll 8ensoiy suit in the NomiaThdy SEND Hub, comprising of a sensory room. inieratiive projector and saft padding in Dur ball pil room. Th¢ equipment will significantly complim¢nt our work offertllg & theryutic space for children. 16 volunteers regularly gave their time oyei the coutse of the year to support us with goYertMice. office administration, running tiviti¢s with children or decoration artd njaintenartce ofthe ¢erhtr¢ and our facilities. Snap's Board of TTUStees continue to provide strategie support 8nd direction 4nd are l(x)kin8 to expond expertise within Finance and Fimdrw3ing and rEcruitme]Jt of aTreB5urer Vlnancilll revl¢w The iesulis for the year ar¢ shown in the Ststement of FinaDciai Affliviiiej. Th¢y show a d¢fJcit of £14,928 {2022.' £3,252}. R¢ry¢S poll¢y At 3 Lst kqarch 2023 tlie chdrity's reserves were £168,4681?022.' £183,396) The trustees have adopted a policy the charity should hold three months. expenditure in un¢omfftitted res¢rv¢s to provide 8dcqu8te workin8 eapi¢ai and the resourees to fund an orderly close should il become necessary. At 3 1st March 2023 uncommitted reserv¢s, excludins fixed Assets of £66,076120?2: £67,145), represend approximately 3.1 (?02:: 3.61 mDnths' expenditure. As parl of their duti¢J th¢ TN$t¢45 hav¢ consid¢red the risks Bexl¢y Snap'8 stability and ability to eoihtinue Its work, The Tru4tees have don¢ this by identifyin8 and 3ngly5Ln8 TLsk$ by s¢Y¢rity of risk and the likelihwd of Li h4ipening wid agreed &¢tion lo mana80 these risks. Stry¢turep gov¢rn4n¢e and mAtt#Remeni Thc Gharity IS Boverned by ils Cons¢iliition. whith w&s 00¢d when the chaTity r¢gist¢red w a Charitable Incorporated Or8unisation ICIOI on 17th May 2016. The Truyteey who served durin8 the yollr and up to the datr of signature of the fimneial statements were.. R Hambr(k IResigJied 22 Au8115120231 J Toliday W Jen¢hn¢r M White-Peart S Jones K Horry E Bardri¢k V Buckley {Resi8ned 22 May 20231 (App)inted 8 June 2022) IAprx)int¢d 8 Nov¢mber 20221 Management The management of the charity is the respon8Lbility of the Trust. who are elected under the tem$ of the Ctsnstitution. The TrustC65 delegate the day to day mana8ement ofthe charity and its operations to die Director. Rel#ted pwrtles W¢ have a¢hieved succegs through our partnerships with Woo¢tside Aca(lemy. Norniandy Primary School. Norniandy SEND Hub, A¢¢¢ss Spo¢ SEC Foundation. Apex Lift5. (he London Boroiigh of Bexley, Bexley Voluntarv SeM¢e Coun¢il, The Masoni¢ Foyndation and Lod8es. BNI Inte8rity Chapter. and The Lord Hill Pub. The Alma Pttb and the generosity of lo¢a] SME's15mall to mediutll-5ized enterprises}. PB8e 2
BEXLEY SNAP TRL'STEES, REPORT (CONTINLID) FOR THE YE4R EIVDED 31 MARCH 2023 Th6 Truste¢s' re]x)rt was approved by the Board of TnIse5. E Bardrick Datt.. pDge 3
BEXLEY SNAP INDEPENDET EXAMINER'S REPORT TO THE TRUSTEES OF BEXLEY SYAP I repori to the T[eeS on my examination of ihe fancial ststements of Bexley Snap (die charity) for the year ertded 31 Marcli 2023. Responslbllltles aRd basls of report As the Trustte5 of Iht chdrity you are r¢spDnsibl¢ for th¢ preparatioth of the financial statements in accordance with the r¢quirements of the chilleS Act 2011 {the 2011 Ad). I report in reSpt of my examination of the charity's financial swemeDts c8rried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Diredion5 given by the CJ]xrity Conmission under section 145{5)Ibl of the 2011 A¢1. Indeptndeni exAmlner's st4i¢meni Your attcntion is drawn io ih¢ (t thai th¢ ¢hwity h&8 preped financial Statements in ¢0dance with Aceountirt8 and Reporting by Charities preparing thcir ¢(ThUnt5 in accordance with the Fin¢181 Reporting Standard applicable iTh the UK and Repiiblic ol. Ireland IFRS 102} in preference to the Accountin8 atld Keporting by Charities,, Slat¢m¢nt of Lecotnmettded Practice issued on l April 2005 which is r¢f¢rr¢d io in the extant regulations bui has now been withdrawn. l understond thAt this has been done in order for finaTh¢iAJ Ststments to provide a true and fair view in a¢rdanCe with Generally Ac¢ept¢d Accounting Prncti¢¢ effe¢tiv¢ for t¢porting periods begirtning on or after l January 2015. I have Gompl¢t¢d my ¢xarninaliOn. l Confimi that no matters have Come to my attention lrt eotthection with the examin&tion giving Ene eAuse to believe thdt in any material res£1. ac¢ounting records w'ere noi kepi in respe¢t of the charity as r¢quir¢d by Section 130 tsf the 2011 Act: or the financiai statem¢iils do nol &crd with thos¢ r¢cord5,' or the finan¢i&l staieni¢nts do not comply with the 8pplicable requirements concerning the forni gnd content of accouiits set out in the Ch8ritie5 IA¢¢ounls gnd R¢porLsl Regul10ft8 2008 other than any requiT¢ment that th¢ cUnIS give a tru¢ and fair view whi¢h is not a matt¢r ¢onsid¢red 85 part of wi iJideWtnt examination. I have no cot)cemg and have come across no other matters in COTe¢ll0 with the exwnination to which llttention should be drawn in this report in order to enable a proper understanding of the financial statcmcnts to bc rcached. Darren HkrdingACA FCCADChA Richard Place Dobson Services Limited TIAAlexandra Durrant IOA.12A High Street Ea¥t Cirinstead Wcst S115sex RH193AW 23 January 2024 page 4
BEXLEY SNAP STATEMENT OF FINANCIALACTTVITIES INCLUDIPIG I)CO.ME AND EXPENDITLTRE ACCOUNT FOR THE YE4R ENDED 31 MARCH21123 Unreytritted funds 2023 Restritted ruDdJ 2023 Tot#] Unr¢strict¢d fllnds 2022 Restricted funds 2022 Total 2023 2022 Intome from: Donations and legacies Parental contributiotjs Fundraising events Investment income 164,736 39.283 4,194 2,117 19.472 4.294 184,208 43,577 4.194 2.117 l41,868 31,101 2,097 56 34.238 3.189 176.106 34,290 2,097 56 Totsl Incotn¢ 210,330 23.766 2J4,096 175,122 37,427 212,549 F.x Raising fiiiids 57,711 57,711 9.496 9,496 Chllritable a¢tivitie5 155,653 33.660 191,3lJ 159,226 47,079 206,305 To¢01 resources expemded 213,364 35,660 249.024 168,722 47,079 215,801 Ntt expenditure for ihe yearl Net movejiieiit ill (umds (3.034) {11.8941 (14,928) 6,400 {9,6521 13,252) Fund balan¢¢3 8t l April 202? 136,149 47247 183.396 129,749 56.899 186,648 Fund b4lBncu At 31 M*rcb 2023 133.115 35,353 168.468 136,149 47.247 183,396 The ststernent of financial activities in¢lud¢s ] byin5 and losses recognised in the y. All income and expendittwe derive from continuing a¢liviliH. pa8c 5
BEXLEY SNAP BALANCE SHEET ASA T31 Th£4RCH2023 2023 2022 P4ottJ Flxtd ai%tts InIgIble assds Tangible 0ss¢ts 12 13 202 28.598 400 37.990 28.800 38,390 Current #ssets Debtors Lash at bank and in hand 14 13.344 131,468 37,871 149,566 144.812 187,437 Credltors: •mounti filllng d¢ wlthlll oDe yeAr 15 (5.1441 142,4311 N¢t ¢urrent Sets 139.668 145,006 Tot#l thssets les1 rurrent114bUItI 168,468 183,396 Inrome funds Re.$trieied funds 18 35,353 47,247 D¢signatcd fvnd3 Gener unrestricted fuThd$ 19 64,926 68,189 64.9*6 71223 136,149 168,468 183.396 The fin¢]41 stst¢m¢nts were approv¢d by the TnLqtee5 on ..... E Bai'dri¢k Trustee page 6
BEXLEY SNAP NOTES TO THE FINANCL4L STATE.MEhTS FOR THE YEAR ENDED 31 h£4RCH 2023 A¢couMtlg polltAes Charlty infor#110 Bexl¢y Snap is a charitable in¢orporot¢d orgonisation registered on 17 May 2016. The trustee& who are al80 members of the Management Committee. are named in ti)¢ TThsiees' Atmual RepotT. 1.1 Aeeountlng eoDveniion The financial stydttments have beetl prepared in Kcordance with the ChaTiti¢s Act 2011 and 'Accounting R¢portiti8 by Charities.. .8ta¢em¢nl of Recotnmeijded Piadice applicable to charities preparing their accounts in Ordanc¢ with the Finaiicial Reporting Standard applicable in the UK alld Republic of Ir¥lond IFRS 102) (effective l JaThuary 2019)" I'he charity is o Piiblic B¢n¢fit Entity L8 defthed bj FRS 102. The charity has tAken advBnta8¢ of the proYi8ions in the SORP ftir Ch1t1¢S apptying FRS 102 Update Bulletin I not to prepare a Statem¢nt of Cash Flows. Th¢ finon¢i81 statements have departed frorn the Charttie5 (Accounts and Rtportsl Regul8tiDns 2008 (Fnjy io ti)e extent r¢quired to provid¢ a irue and fair view. This departure has involved following the Stot¢m¢nt of R¢cominended Pra¢tice for ch8rilics applying FRS 102 rather than the version of thc Slal¢ment of Recominend¢d Practi¢¢ whi¢h is referred to in the R¢gulatiotL5 but which has since b¢¢n withdrawn. The financi813tat¢m¢nts are prepared in Merling, which is the furtctional Currency of th¢ chgrlty. Monetsry 8mount$ in these fitJanci81 Statements are rounded io the nurest £. The f1rtanc1 St¢m¢n have be¢D pr¢pared under the hi$lori¢ ¢ost eonvetttion. 1.2 Golng tontern At Ihe titne of Approving ihe finan¢ial statements, the Thee$ have a 480nable expecl8tion Lh8É the charity ho8 ad¢quate resoLLrces to ¢ontinu¢ in operational cxis¢en¢e fi)r the foreseeable future. Thus th¢ Trust¢¢S Gontihue to adopt th¢ going concerii bssis of accountinB ID pr¢parin8 th¢ financial st*¢rn¢n. 1.3 Chgrlt8ble funds Unrestricted fiinds Are alIable for iL4e HI the discretion of the Trustees in [th¢fanC¢ of their ¢h8ritable objectives. Desi8nated funds comprise Lmrestrictcd funds which have been Set &side by the ¢ntytees for particular purposes. The aitn and use of ¢a¢h designakd fund is set out Sn the notes to the fJnaThcial $taiem¢nts. egtrieted funds Ar¢ subject to specific condtiions by doJior5 to how th¢y may be used. Thc purposes ld u5¢5 of the restrictcd fund5 ar¢ set out in the notes to the finan¢id statcmcnts. The Cost of raisin8 and administering 5urh funds is har¥ed a8&inst the spe¢ifi¢ fund. The aim aod us¢ of each restricted fuJ]d is set out in th¢ notes to the finanwi41 st8t¢meryts. 1,4 Incot Incoine is recognised when the charity is leglY entitled to it after any perfOrni¢¢ conditions have been me¢ the amounts ¢an be measured reliably. and it is probable income will be ]t¢eiv¢d. Cash donations are recognised on receipt. OthEr donations are reco8lli5ed ooce the Chlty has 6Een notifi¢d of the donation. unless ptrformance eonibrions rquire deferrat of the atDounl. Incom¢ tax re¢ov¢r8bl¢ in relation to donations received linder GiftAid or dee(Lq of coveDaiit i5 ognIsed at the time of the donation. Le8aCLes e rerognised on receipt or otherwise iftbe charity be uotified of impendin8 distribution. the Ainount 15 known, and receipt is expected. If the arnount is not knowtL the legacy is ¢i¢atd &$ a contingeiit asset. IntgIble in¢ome which represents th>Dated go(Kb and servicc5 i5 included ai the value to the chlty only wh¢r¢ this can be quantifi¢il and a third party i5 karing the cost. No amoutlts are itsrluded in the fanCial stst¢menis for services dollated by volunteers. page 7
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMENIS (CONTTED) FOR THE YE4R ENDED 31 M4RCH2023 Accountlllg poiitlos (Continued) Revetiue grants fire recognised in fiill in the Statement of Finaiicial A¢iivities on the easlier of when they are received or when th¢y are re1vable. unless they relat¢ to a specific fucure periol in which cas¢ they are def¢rTed to that period, Gr4nts for capiial purchases are crediied to restricted income when received. Depre¢iation of fixed assets pur¢h8sed wit su¢h grants is charged againsi the restrict or against a designated equipment fund where acquisirion of the asset h&9 satisfjed the donorfs ItentiOnS. Where a fjxed Asset is dooated to the elwity for its own use. it is treated in a similar Way io a r¢5tri¢ted grani. Inv¢stment income, including interesl is Credi InMe io the year in which li is receivable. l.S Expendlture Liabilities ar¢ recognised As exp¢ndiNr¢ as soon as there is a l¢gai or ¢onstnJ¢tiv¢ obligaiion committing the Charity to that exp¢nditure, li 15 probable that a transfer of economic benefits will be required in sett]emen( and th¢ ainouiit of th¢ obli8&tion c2n be me&sured reliably. All ¢xp¢ndiwre 15 accounted for on an aCcnlS basis and has bttD included under expense categories that Rggrega¢e COSt5 for allocoiion activities. whe costs cannoi be directly attributed partiC4Jlar activities they have been allocated on a basis Consisient with t1 use of the resour¢¢$. xpenditure on raising funds Comprises ihose costs incurred in seeking voluntary contributions end do no¢ include the ¢osi of disseminating information in support of the ¢harit8ble activities. Govcrn8n¢¢ costs are tliose costs incurred iii conmecuon wi7 enabling the cliarity to coniply with external regulation, constitutional and stsiutory requirements and in prtsvidin8 SUPPOrt the truslees in die dis¢har8¢ of their statiitory duti&s. Support ¢0sts are thos¢ in¢urrtd dire¢tty in supw ofexpenditure on the obj¢Gts of the charity and include project maThageineDt. Support costs are allocated to 17undr8isin& Lrovernance 8Ad ChArttable Activities oil ihe basis of effort ¢xp¢nded by mallagement and *djiStratiVe aff on these adivities. The charity 1$ not registered for VAT. Bxp¢nditure includes atiribut&l¢ VAT which eaThnot b¢ re¢owered. 1.6 JlltAllgible nxed xs$tts other th•D gogdwlu Intan¥ibl¢ as5Cts aiquircd scparatcly fTom a bu5in¢s5 are Two15¢d at wst ar¢ sub%qu¢ntly measured 4t ¢ost1¢53 umulRted wJnortLsatjOD. Amorttsation is rerosThi$¢d so as to writ¢ off the cost or VVatIon of &55¢ts le85 th¢ir r¢SIdu values ov¢r their useful lives on the following b&8es'. Website 3 y¢Jr5 1.7 TaDgible fjx¢d •$J¢ts Tangiblc fLxed &ssets are initiatly messured at cost and subsqutntty mea5UTed at C05t or vaJuatioJ4 net of depreciation and any impatrment losses. Depreciation is r¢¢ognised so os to writ¢ off th¢ ¢osi or valu&iion of assets less their residual valu¢s over their useful lives on the following bas¢s'. FUrture. fixtures & fittings Eqiiipmertt Motor vehicles 5 y¢ar5 ComputS 3 yws, play equipment 5 ye4rs 8 years page 8
BEXLEY SNAP NOTES TO THE FINANCIAL STATE_MENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountillg pollcle5 (Continu¢d) The gllin or loss arL5in8 on the disposai of an asset is detemiined &8 the difference between the sale pre£d5 and the crying value of th¢ asset. and is le¢Ols¢d in the SeThet of fillan¢iai activitie5. l.8 Cash And tgsh equTvAlettts Cash and cash equivalents i]Ude c&8h In hand and deposits h¢ld at call with banks. 1,9 Flllamclol Initrum¢llts The charity has elected io apply ihe provisions of S¢Luon I I 'Bl¢ Fin&nciat InstnTh¢nts' and Section 12 '0ti)¢r Finan¢1 InytrLLment5 Issu¢s' of FRS 102 1(F all of its fjnancial instrJJment5. Financtal in5trLimerts are recognised in the ¢harity'$ balan¢¢ shttt wh¢n the charity becom¢s party to the contr&ctual provtsions of the instrumeA¢. B&sleJ7MuKclal ¢wets Basic financial Jsjets, whi¢h include debwr8 cash 8nd bank ban$, art Initially me&8ur¢d at iransaction price including transaction costs and are subsequendy carried ai amorused cost using the effective inr¢r¢st method unle.ls the rrang¢m¢nt ¢onstitirt¢s a finan¢in8 ¢ransa¢tion, where the tratwiion is rnWud at the pr¢s¢nt value of the futur¢ receiply discounted a mArkei rate of ini¢r¢5t. Financial assets ¢lwifLed teeeivable within one year are not amortised. Ba51c Jlnwiclalllrtbllliles Basi¢ fin1cl liabilities including creditors ore inifiaily Teco8nised at rran5aQion price. Financial liabili¢i¢s classifiod as payable wtihin on¢ yegr are not arnortis¢d. Trade creditors are obli8atioths to pay for goods or xervitts that have been a¢quired irt the ordinary course of operations from suppliers. Amoiiiits payable arc classified as current libbilities if pa>'menl is duc within oiie year or less. If not, tliey are preyenied as nonvcurrent liabilili¢s. 'I'rxde credilors are recognised ini¢ially at tratisdction PTi¢e and ¥ubsequerhtly meAsiired at amortised cost Lisifi8 the effe¢rive interest method. 1.10 TgY8tiort The charty is exernpt from ¢orporation atsd in¢om¢ thx its iticome is applied for ¢hJrit&ble purposes. 1.11 Employ¢t benents The Lost of any unused holiday ¢ntiil¢m¢rbi is regnISed tn the period in which the employee's serviees are re1ved. Termination benefjts Nrc rwo8nis¢d immediately as expens¢ when the charity is deinonstrably ¢ommitted to terminate the employm¢nt of an employee oi to provide tcrminlltion benefits. 1.12 Retlrernent benefits Payin¢nts to defined Contribution retirement b¢Thefit scherne5 are charged as gn expense they fall due. 1.13 Leosts Rentals payable under ope¥8tin8 le&8es. where substantialty all of the ben¢fits and risks of OWtt¢T5hip remain with the lessor, are eharged as w expense on a strai1 line basis over the term of th¢ relevgnt le4se. page 9
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMEliTS (COINTThIED) FOR THE YE4R ENDED 31 hL4RCH 2023 Crltleal aetountlng éstlnhate$ athd Judgements In the application of the chATity's a¢¢ounling policies. thc TruSLttS arc r¢quired to make judgements, estimates and assumptions about the carryin8 8mount of assets and liabilities t are no¢ readily 8pparent from otlier 50urccs. llic estimates and &*8ociat¢d as5UTnptions ar¢ based on bi$iori¢&l experience snd othcT factors that are considered to be relevant.A¢tuaJ results tllay differ from these estimates. The estimalcs iUMleTlying &s8umpuons are reviewed on an ongoing b4sis. Revisions to accounting estim8tes are recognised in ihe period in which the c8tima¢¢ is revised where the revisioTh affe¢ts only that period, or in th¢ pcriod of the Tevision and future periods where the revision Affects both ¢urr¢n¢ gnd fuiure period5. Key yourcu ofeJtlmxtlorA utteertilnty Allocatlort of 5ripport tosts Th¢ ailocotiDn 8t apportionm¢nt of support Costs is b&£ed on dirKt Costs expend for each activity. In the ttee5, jud8emcni no other material estimths hlve b¢¢D usa in the prepArntiOn ofthe fuwi¢ial 3ta¢¢m¢nt5. poge 10
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMENTS {CONTIYUED} FOR THE YE4R ENDED 31 AL4RCH 2023 Don#tlons Ind l¢gAcies Unrestrlcted ds Rt6tricted Tot*1 Unrestricted funds R¢stri¢t¢d fi]nds Total 21J23 2023 2023 2022 2022 2022 Donatlons and gifts Gr8n¢5 46272 118.464 46.272 37,936 34,053 107.815 34.053 142,053 19.472 34,238 164,736 19,472 184.?08 141,868 34,238 176,106 Dortallons and glfts Amazon Chorit4bl¢ Givinz Aptx Lift5 Th¢ Childlwod Trust 141 14[ 300 79 79 5,000 2.500 3Crf) 5,000 1,000 3,684 ClP Giv¢As Yw Eurn 3.684 .356 1,356 C1Twd Provinci Lodge Orecn PDint Gieen Lt&min8 Mts$oni¢ Ch•riiqbl¢ Foun<laiion 2,5(Y) 15(M) 2.000 2,5(H) 1500 1,000 BNI FOurIn WITgin mottey Qlher 3.075 20,043 3.075 20,043 35,147 35,147 46,2n 46272 34,053 34,053 Grants r¢¢elv4bl¢ for core aetlvlties Loll(k)n BorouKh of B¥xl¢y L¢u Talk 102,964 12,153 115,117 102,788 2.470 102,788 2,470 RUYHI Warront Hol(kn A35QCiatio SEC Found0 3,000 10,000 10.(KK) Coronaviru8 Job Rtt¢niKin SLheme (k)n Youth 357 357 250 250 StJonL¢S'3 Pl¢ ChartiEbIe FolindalTr Fr¢¢ SthwlActivity Bexley CCG J&ck Pet¢hey A¢hVen¢t Aw¥td5 2.500 2.500 12.288 20.000 11288 20,000 7J19 7,319 2.2(X) 1,700 3,900 118,464 19,4T2 137,936 107,815 34,238 142.053 page 11
BEXLEY SNAP NOTES TO THE FIYAII'CIAL STATEMEKfs (COliTINUED) FOR THE YEAR ENDED 31 AL4RC112023 PArentl contrlbutious Short BrtAkJ Early Ye Total 2013 2023 2023 Par¢ntai ¢ontribiiiions 39.391 1,356 2,830 43,577 Analy5ls by Unrestricted fwids Restricted futhds 39.283 108 39,283 4,294 1,356 2,830 39,391 1,356 2,830 43,577 Short Bruk• Sports Early Yc•A TotAI ioiz 1022 2022 2022 Parental ¢ontribulioll5 33.433 34 823 34,290 An#lyyi¥ by fiind Urw¢stri¢led funds Restricleil funds 31,101 2.3J2 31,101 3,189 34 823 33.433 34 823 34,29Y) Fundrilsitsg events Unrtstrieted Unrestritted fuNd$ fund5 2023 2022 Big Cive Campaign 4,194 2,097 page 12
BEXLEY SNAP NOTES TO THE FINANCIAL sTATE.Ts {CO,NTTh'LTED) FOR THE YEAR EI)ED 31 K4RCH 2023 lllvt$tmtnt ltttome Unrestrlcted Unre5trl¢t¢d fullds funds 2023 2022 Int¢re3t receivable 2,117 56 Ralslng fvllds UJLfestrltted Ullrtstrict¢d fuJLds fLtnd5 2023 2022 Fundr8isin8 Seekin8 donations, sronts and1¢8aeies Other fundrwsins ¢03ts Staff ¢ost$ Supwrt costs 431 29,900 17,7?6 9,654 253 7,760 1,399 Fundraising 57.711 9,496 57.711 9,496 page 13
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMENTS {CONTINLTED) FOR THE YE4R ENDED 31 M4RCH2023 ChgrltAble aetfvffitie8 Sbort Bregks Sport5 Earty Years Totsl Short Break5 Early Years 2023 Total 2022 2023 2023 2023 2022 2022 Staff Cts Activitie5 Bad debts Bquipin¢nt & Supplies Legal & professiort M18cellaneous Office costs Premises costs Oiher Staff costs Motor exp¢n6¢5 142.871 3,479 1,130 4.675 148,676 3.519 148.064 3,570 76 4,315 152,379 3,570 76 1,540 25 1,565 l.435 645 752 191 2,321 684 2,136 52 1,487 645 752 191 2,321 262 262 945 L,036 267 945 1,036 267 2,136 152,011 l.l70 4.700 157,881 159,874 4,367 164,241 Share of support ¢os¢y Isce note 91 Share of8overrtartce sts {se¢ note 91 30.813 237 953 32,3 38,969 lJ63 40,332 ,376 42 1,429 1.686 46 1,732 184,200 1.418 5,695 191,313 200,529 5.776 206,305 ADilysl$ by fund Unre8trittcd funds RestrI¢d fiinds 135,010 29,190 248 1,170 395 5,300 155.653 35.660 158,417 42,112 809 4,967 159.226 47,079 184,200 1,418 5,695 191,313 200,529 5,776 page 14
BEXLEY SNAP NOTES TO THE FINAryCIAL STATEMENfs (CONTINUED) FOR THE YE4R EM)ED 31 J£4RCH 2023 Support costs Support Costs Gov¢rDance ¢osts 2023 Support costs GovernAnce sts 2022 Staff ¢o$ts Depreciation Operatiiig lease char8es Activitics Eqiiipinent & supplies Lcgaj & proftssionai Miscellanwus OIYi¢e costs PTcmi5¢s costs Other staff coqts Motor expens¢s iO,(MX> 9,590 6,700 894 1,948 3.304 1,707 5.602 448 796 668 10,000 9.590 6,700 894 1.948 3J04 1,707 5.602 448 796 668 6,963 9.081 6,700 258 902 9.899 85 6,359 6,963 9,081 6,700 2S8 902 9,899 85 6 J59 1.182 302 1,182 302 Ind¢pend¢nt examination Other 8overnatsce Costs 1,860 1,860 1.776 1,776 40 41,657 1,860 43,517 41,731 1.816 43,547 A11alysod between Fundraising Charitabl¢ p¢iivilie$ 9.654 32.003 431 ,429 10.085 33,432 1.399 40.332 84 ,732 1,483 42.064 41,657 1,860 43,517 41,731 1,816 43,547 (h)vcrnan¢e Costs include5 pgyrnents to the ind¢p¢nd¢nt ¢iaminer of £l.860 (2022- £1.7761 for independent exomiThation fee5. 10 Trnstees None of the Trustees lor any persons contwthd with them) received ony r¢mun¢Tation or benefits from ihe chai'ity during the ycar. The Tru5t¢¢s ¢onsid¢r key management personnel cornprise the Trust¢es the DItOr. The tot&1 ejnploytnent b¢nefits (including employer pension contributions) of the key manogem¢Thl personnel were £53,928 (2022- £5? 344). li Employ¢¢5 The averag¢ monthly nwnber of rmploy¢¢s during the year WAS: 2023 Numb¢r 2022 Number Full time staff Part time slaff- full time equivalent To¢&1 page 15
BEXLEY SNAP NOTES TO THE FINANCLIL STATEMELYfs {COlYTtNUED) FOR THE YDIR ENDED 31 h£4RCH2023 Employte5 (Contlnued) Employment ¢o$ts 2023 2022 Wag¢s and 3aiaries Social seciirity costs Other pthsion costs 107,432 5,025 3,945 157,631 5,083 4,388 176,402 167.102 Th¢r¢ were no employees whose annual remunerntion wL% £60,000 or mor¢. 12 Intanglble fixed ajsets Wthl Coyt A¢ l ApTII 2022 and 31 March 2023 600 Amortijatlott And Impairm¢n¢ At l April 2022 Amortjsoti¢)n ¢harged for the yeAr 200 198 Al 31 March 2023 398 CArrylng hmount At 31 M¥¢h 2023 202 At 31 M8trch 2022 400 page 16
BEXLEY SISAP NOTES TO THE FIANCIAL STATEMENfs (CONTINUED) FOR THE YEAR EM)ED 31 MARCH 2023 13 TAngible flx¢d issets Furnlthr Ilxmrts & llrtiThtS EqtslpJn¢Jt Moitsrvthk ToiHI Cost At l April 2022 3,184 9J32 61.000 73,516 At 31 Maroh 2023 3.184 9,332 61.0(X) 73,516 Deprecixtlon ¥tlld Imp•irrnent A¢ l April 2022 Deplation charged in the year l J88 598 7,450 1,169 26,688 7,625 35,526 9J92 At 31 March 2023 1,986 8,619 34,313 44,918 Cirrylng gmount At 31 March 2023 1,198 713 26,687 28.598 At 31 March 2022 1,796 1,882 34,312 37.990 14 Debtors 2023 2022 Amounts fAIIIDg due wlthln one yexr: Trade debtors Other debtors Prepaymcnts And oc¢Ned inrne 1,983 1,058 10,303 34,816 1,058 1,997 13,344 37,871 15 Creditor$: #mounts folllng due witknin one year 2023 2022 Nolt$ Other KatiOn and Sla1 securtty Deferred income Trad¢ Creditors AccNals 3,002 2,536 32,934 4,383 2.578 16 282 1,860 5.144 42,431 page 17
BEXLEY SNAP NOTES TO THE FINANcL STATEMENTS (CONTINUED) FOR THE YE4R EKDED 31 AL4RCH2023 16 Deferred Ineome 2023 2022 Other deferred income 32.934 Deferr¢d in¢ome is incliid¢d in th¢ fuw)¢io1 follows.. Government 8rants r¢¢¢ivcd before 31 March 2023 relatill8 10 seryitts w be provided in the following financi81 y¢ar £nil {2022'. £20,239). Granis received from other or8anisatiotts before 3 l M8rch 2023 relating to serviees tts be provid¢d in the following fillartcial year £nil12022.' £12.694). 17 Retfftr¢m¢nt benefit sch¢meJ Deflned eontributlon eM¢S The charity eontribuies on a defined Gontribution basis tow¥ds persoiiai pensioi)s fot staff who h8ve ¢It¢d to joiii the Scheme, or are automatically eligible through autoeThrolmeni. The Sets of the s¢h¢me are lield separately from thosc of Ihe Chlty. indep¢nd¢nily administered funds. 'fh¢ nSIon ¢har8e r¢flecied in the Statement of Fin?Trci Activiiie8 represeL)ts the amount payable by Ihe ¢harity to the pension scheme for the year. The charge io profit or loss In r¢spe¢t of defined ¢ontribuiiort schemes was £3,945 (2022- £4,388). page 18
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 M4RCH2023 18 Re$trl¢¢¢d funds The income funds orth¢ charity include resirr¢ted fid5 comprisuig tlie following unexpended balan¢es of doi)ations dnd grants held on trust for specific purposes.. Movernent Im funds Re8D¥rtes UPEllded .Movemtttt ITh funds IDcomiDg Re50urct$ BiL4Thcc Al ¢xpcndrd 31 Mgrch 21123 B•l•D¢e ai Aprll 2021 BIlAn¢¢ It l ApJ41 Z022 reMur¢es Jo¢k Petehey Aw&rd5 Early Yearg Project London Sport Lord's TAvtrner5 minibus London Youth G¢tlin8 AciiN'¢ Sports Progranime Website Bexley HAF ProgT&nme Bexley CCG 470 1.980 {692} 1.758 7,428 17,0341 2,152 10,682 1,833 823 14,9671 6,538 1.833 2,829 15.3001 11,8331 4,067 41,937 {7,6251 34.312 17,6251 26,687 730 ,227 284 1.034 1.227 1256 11,1701 1,220 1,227 12,288 22,052 54 491 12,153 112,2071 (4911 {21.5611 56,899 37.427 {47.079) 47.247 23,766 (35,6601 33.353 Lord'$ Tgverners mlnlbus l)uring 2018, the chari¢y was grateful to r¢r¢ive a minibus from the Lord's TaYtrner5. The donor requires that th¢ vehicle must only be ed for tran5POrtin8 disabled ckn'ldreij and youn8 rople, nor ¢wi it be sold by Ilexlcy Snap. Snap's own ¢on¢ribiition to the cost of th¢ minibus has been transferred itlto the fvnd. Th¢ initial valu¢ of the fund is based on average Costs for such vehicles. Jaek Ptchey Awsrd5 Tliis fund holds awards te1ved from the Jack Pekhey Foundaiion, which expended on projects und activities sel¢Gted by th¢ charity'$ beneficiaries. EArly Ye*rs Project A fvndraised dongtion from Baby Ball¢t Shine conthbuted toward8 the Cost of this seTYiCe. Bexley HAF Progromnje Represents funding received enable the charity to dEliver holiday clubs for children who are entiiled to free schix)I m¢&ls. A¢tlve Londollers ILfyndoD Sport) Tho funding streams f¢Kusin8 on eneourngiog disabled young p¢opl¢ to be more arliY¢ through supported activitie5 Webslte Funded by William Kendall - Investment itsto statT traiing working with a website developer to PrJuct a new website the Snap team can maintsin pH8e 19
BEXLEY SNAP NOTES TO THE FINANCLIL STATEMENfs (CONTINUED) FOR THE YL4R ENDED 31 AL4RCH2023 18 Restricted fuDds (Contlnued) B¢xl¢y CCG Represents fuTrdit)g to enable th¢ charity to deliver a variety of different support to re4ngage children and young people thrCovid-19. don Yomth - Getting A¢tlvt Sports ProgrAmmt PTovision of physical activity through a varicty of movement gatnes and sp 19 Dtsignated htnds Th¢ Income funds of the Charity include the followin8 designated funds which have been set Aside out of unrestricted funds by the iriijtees for specific purposes.. Movement ID lund5 ILcornlDI Out5 Movement in fund IDeOrnillg BalAnct At ourc¢# 31 MArcb 2023 l April 2021 l April 2022 Capital reserve Investsnent flind Exi¢ 5tral¢8y 1,500 43.426 20.000 1.500 43,426 20,000 1,500 43,426 20,000 64,926 64,926 64,926 CgpltAI Res¢rv¢ This fund holds th¢ funds desi8nAknI by Snap's MAnagement Committ¢¢ for future expendimre on capital ¢quipment nec¢Js4ry t¢1 pruvide continuity vf s¢rvic¢s Inv¢8tment Tr'und Diiring th# year ending 31 March 2005, o le8acy was received from the eg¢ate of Mrs Nelhe Adelaide John80n that of her son, Mr Mauric¢ All8n John50n. rhe NIn¢Ml Committce dKidd that £IOQ.000 shoiild bc held in on investinent fiind. in lxder to provide some annual income for Charitable artivities Attd to protect the vajiie of the capital. The I'und Is held in reservc for unforcsccn ctncrBcnci¢s and i5 U5cd lo UrE financial stability of thc chaJity'B opcratlOllS> Particularly wherc funding shortfills occur. It is also used to fund the st&rt-LkP Costs of new projects and initiatives. Exit Strategy This fund been desÉ8nated by the Mana8¢ment Cornmittee for use only in th¢ ¢ven¢ of Snap's fvndin8 drying up to Such an cxtcnt that it lo downsize substantiajty or Can no longer continue to provid¢ services and th support fwnili¢s. It comprises statutory redundancy pdym¢nts only. page 20
BEXLEY SNAP NOTES TO THE FINANCIAL STATEMENTS (COlNTIlIED} FOR THE YE4R EWDED 31 MARCH2023 20 Allthly$ts of ttei *ssets between fund5 urtricted Desigrtated R¢strlcted funds fuods fund$ 2023 2023 2023 Total 2023 Fund balances ai 31 MaTch 2023 hre represent¢d by: Intangibl¢ fixed sets Trngible assets Current 85scilI1abl11tItSj 202 1.911 66,076 202 28,598 139.668 26,687 64,926 68.189 64,926 35,353 168,468 Unrestrleted Designated Restrleted runds funds funds 2(122 2022 2022 TotAI 2022 Fund b&lan¢es at 31 March 2022 are represented by.. Intangible fixed asyrfs Tangible $¢1$ Current assetsllliAbiliiiesl 400 3.678 67.145 400 37,990 145.006 34,312 12,935 64,926 71.223 64,926 47,247 183,396 21 Opertstlng k#$t eommltm¢nty Lessee At th¢ reporting cnd de the chftrity had outstandirbg ¢omrnitm¢nts f futtwe minimum lease payments under non- cAn¢ellabl¢ operating Icascs. which fail du¢ follows.. 2023 2022 Within one year 6,71X) 3,350 22 RelAt¢d PArty trwnsxctioD8 There were no dI]050b[e related party tr¢tiOnS durin8 the year12022 - nonel. page 21