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← Bexley Snap

2024-03-31-accounts

Charity registration number 1167151

BEXLEY SNAP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

BEXLEY SNAP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Toliday
M White-Peart
S Jones
E Bardrick
V Buckley
T Grant (Appointed 25 March 2024)
K Sykes (Appointed 26 April 2024)
Charity number 1167151
Principal address Normandy SEND Hub
Fairford Avenue
Barnehurst
Kent
DA7 6QP
Independent examiner Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Bankers CAF Bank
25 Kings Hills Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
CCLA Investment Management Ltd
85 Queen Victoria Street
London
EC4V 4ET

BEXLEY SNAP

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 21

BEXLEY SNAP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objectives are for the relief of children and young people in the London Borough of Bexley and surrounding areas who have disabilities, in particular by establishing and improving facilities for such children and young people and by providing and assisting in the provision of assistance to their families and carers.

Bexley Snap has the vision that disabled children have choices and a right to a fulfilling life.

To achieve this, we offer a variety of different clubs for disabled children and young people, while reducing the isolation and frustration experienced by their families.

We do this by:

We are committed to the following values:

Achievements and performance

Significant activities and achievements against objectives

Our Early Years project welcomes families at the start of their journey supporting them through diagnosis of their child’s condition, signposting, emotional support linking with other families to reduce sense of isolation and modelling practical measures to aid development through play. 55 different children regularly accessed play sessions with their parent/carer, totalling 676 hrs.

Placement requests for our commissioned services through the London Borough of Bexley continue to exceed demand. Individual targets are set for children attending our Holiday schemes and Little Explorers Saturday clubs with milestone achievements celebrated. 4,339 short break hours delivered to 95 different children.

Additional funding through the Bexley HAF (Holiday Activities and Food) programme enabled us to deliver additional holiday scheme provision of 144 hours during the Easter and summer holidays to 30 different disabled children eligible for free school meals.

Four youth groups (Empire, My Space, YAC and Vibe) for various age groups between 12 to 25 years, enjoy choosing their own activity timetable incorporating their favourite activities and trips in the community. Staff and volunteers support members to increase their social interactions and independent living skills. Partially funded by the Hedley Foundation, St James’ Place Charitable Foundation and the Co-op Local Community Fund.

Through the Jack Petchey Achievement Awards scheme individual members are recognised for their positive contribution/ support of others or personal achievement within their youth groups, as voted for by their peers. The associated funding compliments youth group activities and provide additional equipment or trips out chosen by the nominee.

page 1

BEXLEY SNAP

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

To embed social and independent living skills and increase our offer available through our Youth activities, Snap joined the Duke of Edinburgh Awards Scheme. Each award involves helping the community/environment, improving fitness, developing new skills, and planning, training for and completing an expedition. Young People will be given the opportunity to complete the Bronze Award with some progressing to Silver.

We extended the duration of our Drama offer through fundraising and parent contributions for a show written by 3 past and present members, performed by 10 young people.

BVSC funded a new sports partnership with Woodside Academy encouraging physical activities each week to Key Stage 1 students.

With the launch of our new App Famly, Snap aim to increase communication between our members and the Team through regular updates and messaging on the system. This is particularly reassuring for new members accessing our support for the first time but also for any family apprehensive when their child’s attendance. This will also be used for bookings, invoicing and notifying of opportunities available.

18 volunteers regularly gave their time over the course of the year to support us with governance, office administration, running activities with children or decoration and maintenance of the centre and our facilities.

Financial review

The results for the year are shown in the Statement of Financial Activities. They show a deficit of £18,648 (2023: £14,928).

Reserves policy

At 31st March 2024 the charity’s reserves were £149,820 (2023: £168,468)

The trustees have adopted a policy that the charity should hold three months’ expenditure in uncommitted reserves to provide adequate working capital and the resources to fund an orderly close should it become necessary. At 31st March 2024 uncommitted reserves, excluding fixed assets of £57,706 (2023: £68,189), represented approximately 3.0 (2023: 3.3) months’ expenditure.

Major risks

As part of their duties the Trustees have considered the risks to Bexley Snap's stability and ability to continue its work. The Trustees have done this by identifying and analysing risks by severity of risk and the likelihood of it happening and agreed action to manage these risks.

Structure, governance and management

The charity is governed by its Constitution, which was adopted when the charity was registered as a Charitable Incorporated Organisation (CIO) on 17th May 2016.

The Trustees who served during the year and up to the date of signature of the financial statements were:

R Hambrook (Resigned 22 August 2023)
J Toliday
W Jenchner (Resigned 22 May 2023)
M White-Peart
S Jones
K Horry (Resigned 5 February 2024)
E Bardrick
V Buckley
T Grant (Appointed 25 March 2024)
K Sykes (Appointed 26 April 2024)

Management

The management of the charity is the responsibility of the Trustees, who are elected under the terms of the Constitution. The Trustees delegate the day to day management of the charity and its operations to the Director.

page 2

BEXLEY SNAP

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Related parties

We have achieved success through our partnerships with Woodside Academy, Normandy Primary School, Normandy SEND Hub, Access Sport, SEC Foundation, Apex Lifts, the London Borough of Bexley, Bexley Voluntary Service Council, The Masonic Foundation and Lodges, BNI Integrity Chapter, and The Lord Hill Pub, The Alma Pub and the generosity of local SME's (small to medium-sized enterprises).

Risk management

As part of their duties the Trustees have considered the risks to Bexley Snap’s stability and ability to continue its work. The Trustees have done this by identifying and analysing risks by severity of risk and the likelihood of it happening and agreed action to manage these risks.

Public Benefit

The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The Trustees believe the objectives and aims set out above fulfil the public benefit requirements set out in the guidance published by the Commission.

The Trustees' report was approved by the Board of Trustees.

.. � ......

T Grant Trustee Date: J1 . . it . . /?.!..,/f.? . .

page 3

BEXLEY SNAP

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BEXLEY SNAP

I report to the Trustees on my examination of the financial statements of Bexley Snap (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT

21/11/2024 Dated: .........................

page 4

BEXLEY SNAP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
146,593
22,343
Charitable activities
4
39,985
-
Other trading activities
5
-
-
Investments
6
4,852
-
Total income
191,430
22,343
Expenditure on:
Raising funds
7
17,992
1,495
Charitable activities
8
183,199
29,735
Total expenditure
201,191
31,230
Net expenditure and movement
in funds
(9,761)
(8,887)
Reconciliation of funds:
Fund balances at 1 April 2023
133,115
35,353
Fund balances at 31 March 2024
123,354
26,466		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
168,936
164,736
19,472
39,985
39,283
4,294
-
4,194
-
4,852
2,117
-
213,773
210,330
23,766
19,487
57,711
-
212,934
155,653
35,660
232,421
213,364
35,660
(18,648)
(3,034)
(11,894)
168,468
136,149
47,247
149,820
133,115
35,353		 Total
2023
£
184,208
43,577
4,194
2,117
234,096
57,711
191,313
249,024
(14,928)
183,396
168,468

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

page 5

BEXLEY SNAP

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Intangible assets
13
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
19
Unrestricted funds		 2024
£
20,283
136,195
156,478
(26,442)		 £
-
19,784
19,784
130,036
149,820
149,820
26,466
123,354
149,820		 2023
£
13,344
131,468
144,812
(5,144)		 £
202
28,598
28,800
139,668
168,468
168,468
35,353
133,115
168,468

1.1./9.9/?J?tt"

The financial statements were approved by the Trustees on

.. � ......

T Grant

Trustee

page 6

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Bexley Snap is a charitable incorporated organisation registered on 17 May 2016. The trustees, who are also members of the Management Committee, are named in the Trustees' Annual Report.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise unrestricted funds which have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Intangible income which represents donated goods and services is included at the value to the charity only where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

page 7

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Revenue grants are recognised in full in the Statement of Financial Activities on the earlier of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are deferred to that period.

Grants for capital purchases are credited to restricted income when received. Depreciation of fixed assets purchased with such grants is charged against the restricted fund, or against a designated equipment fund, where acquisition of the asset has satisfied the donor's intentions. Where a fixed asset is donated to the charity for its own use, it is treated in a similar way to a restricted grant.

Investment income, including interest, is credited to income in the year in which it is receivable.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Expenditure on raising funds comprises those costs incurred in seeking voluntary contributions and do not include the cost of disseminating information in support of the charitable activities.

Governance costs are those costs incurred in connection with enabling the charity to comply with external regulation, constitutional and statutory requirements and in providing support to the trustees in the discharge of their statutory duties.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Support costs are allocated to Fundraising, Governance and Charitable Activities on the basis of effort expended by management and administrative staff on these activities.

The charity is not registered for VAT. Expenditure includes attributable VAT which cannot be recovered.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 3 years

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Furniture, fixtures & fittings 5 years Equipment computers 3 years, play equipment 5 years Motor vehicles 8 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

page 8

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10 Taxation

The charity is exempt from corporation and income tax as its income is applied for charitable purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

page 9

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

(Continued)

Key sources of estimation uncertainty

Allocation of support costs

The allocation and apportionment of support costs is based on direct costs expended for each activity.

In the trustees' judgement, no other material estimates have been used in the preparation of the financial statements.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
28,755
2,296
Grants
117,838
20,047
146,593
22,343
Donations and gifts
Amazon Charitable Giving
16
-
Apex Lifts
2,500
-
The Childhood Trust
-
-
Co-op
1,728
-
Grand Provincial Lodge
700
-
Masonic Charitable
Foundation
50
1,495
BNI Foundation
646
-
Other
23,115
801
28,755
2,296		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
31,051
46,272
-
137,885
118,464
19,472
168,936
164,736
19,472
16
141
-
2,500
300
-
-
1,000
-
1,728
3,684
-
700
2,500
-
1,545
2,500
-
646
1,000
-
23,916
35,147
-
31,051
46,272
-		 Total
2023
£
46,272
137,936
184,208
141
300
1,000
3,684
2,500
2,500
1,000
35,147
46,272

page 10

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Grants receivable for core activities
London Borough of Bexley
108,738
10,034
D of E
-
3,664
Royal Warrant Holders
Association
-
-
SEC Foundation
-
-
The Hedley Foundation
2,500
-
London Youth
800
-
St James's Place Charitable
Foundation
2,500
-
Bexley Voluntary Service
Council
3,300
1,857
Greater London Authority
-
774
Jack Petchey Achievement
Awards
-
3,718
117,838
20,047
4
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Short breaks
Parental contributions
37,829
-
Sports
Parental contributions
256
-
Early years
Parental contributions
1,900
-
39,985
-		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
118,772
102,964
12,153
115,117
3,664
-
-
-
-
3,000
-
3,000
-
10,000
-
10,000
2,500
-
-
-
800
-
-
-
2,500
2,500
-
2,500
5,157
-
-
-
774
-
-
-
3,718
-
7,319
7,319
137,885
118,464
19,472
137,936
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
37,829
39,283
108
39,391
256
-
1,356
1,356
1,900
-
2,830
2,830
39,985
39,283
4,294
43,577		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
118,772
102,964
12,153
115,117
3,664
-
-
-
-
3,000
-
3,000
-
10,000
-
10,000
2,500
-
-
-
800
-
-
-
2,500
2,500
-
2,500
5,157
-
-
-
774
-
-
-
3,718
-
7,319
7,319
137,885
118,464
19,472
137,936
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
37,829
39,283
108
39,391
256
-
1,356
1,356
1,900
-
2,830
2,830
39,985
39,283
4,294
43,577
137,936
Total
2023
£
39,391
1,356
2,830
43,577

page 11

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Income from other trading activities

Big Give Campaign
6
Income from investments
Interest receivable
7
Expenditure on raising funds
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Fundraising
Seeking donations, grants
and legacies
212
-
Other fundraising costs
3,480
1,495
Staff costs
10,645
-
Support costs
3,655
-
17,992
1,495		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
-
4,194
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
4,852
2,117
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
212
431
-
431
4,975
29,900
-
29,900
10,645
17,726
-
17,726
3,655
9,654
-
9,654
19,487
57,711
-
57,711		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
-
4,194
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
4,852
2,117
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
212
431
-
431
4,975
29,900
-
29,900
10,645
17,726
-
17,726
3,655
9,654
-
9,654
19,487
57,711
-
57,711
Total
2023
£
431
29,900
17,726
9,654
57,711

page 12

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Expenditure on charitable activities

Short Breaks
2024
£
Direct costs
Staff costs
157,566
Activities
2,276
Equipment & supplies
1,720
Legal & professional
872
Premises costs
12
Other staff costs
1,011
Motor expenses
1,390
164,847
Share of support and governance costs (see note 9)
Support
38,573
Governance
2,239
205,659
Analysis by fund
Unrestricted funds - general
181,345
Restricted funds
24,314
205,659
Short Breaks
2023
£
Direct costs
Staff costs
142,871
Depreciation and impairment
-
Activities
3,479
Bad debts
-
Equipment & supplies
1,540
Legal & professional
1,611
Miscellaneous
262
Office costs
-
Premises costs
945
Other staff costs
1,036
Motor expenses
267
152,011
Share of support and governance costs (see note 9)
Support
30,813
Governance
1,376
184,200		 Sports
Early Years
2024
2024
£
£
1,645
3,570
60
-
-
-
-
-
-
-
1
65
-
-
1,706
3,635
400
850
23
49
2,129
4,534
1,355
499
774
4,035
2,129
4,534
Sports
Early Years
2023
2023
£
£
1,130
4,675
-
-
40
-
-
-
-
25
-
-
-
-
-
-
-
-
-
-
-
-
1,170
4,700
237
953
11
42
1,418
5,695		 D of E
2024
£
550
-
62
-
-
-
-
612
-
-
612
-
612
612
D of E
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
163,331
2,336
1,782
872
12
1,077
1,390
170,800
39,823
2,311
212,934
183,199
29,735
212,934
Total
2023
£
148,676
-
3,519
-
1,565
1,611
262
-
945
1,036
267
157,881
32,003
1,429
191,313

page 13

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Expenditure on charitable activities

(Continued)

Analysis by fund
Unrestricted funds - general
Restricted funds
Support costs allocated to activities
Staff costs
Depreciation
Operating lease charges
Activities
Equipment & supplies
Legal & professional
Miscellaneous
Office costs
Premises costs
Other staff costs
Motor expenses
Governance costs
Analysed between:
Fundraising
Short Breaks
Sports
Early Years
Governance costs comprise:
Independent examination fees		 155,010
29,190
184,200		 248
1,170
1,418		 395
5,300
5,695		 -
-
-
2024
£
13,170
9,017
6,700
148
984
4,567
386
8,407
-
65
34
2,523
46,001
3,867
40,812
423
899
46,001
2024
£
2,523
2,523		 155,653
35,660
191,313
2023
£
10,000
9,590
6,700
894
1,948
3,304
1,707
5,602
448
796
668
1,860
43,517
10,085
32,189
248
995
43,517
2023
£
1,860
1,860

9 Support costs allocated to activities

page 14

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

10 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements 2,523 1,860
Depreciation of owned tangible fixed assets 8,814 9,392
Amortisation of intangible assets 202 198
Operating lease charges 6,700 6,700

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2024 2023
Number Number
Full time staff 2 3
Part time staff - full time equivalent 4 4
Total 6 7
Employment costs 2024 2023
£ £
Wages and salaries 174,266 167,432
Social security costs 6,347 5,025
Other pension costs 6,533 3,945
187,146 176,402
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024 2023
£ £
Aggregate compensation 65,955 53,928

The Trustees consider key management personnel comprise the Trustees, the Director and the Service Manager.

page 15

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

13 Intangible fixed assets

Cost
At 1 April 2023 and 31 March 2024
Amortisation and impairment
At 1 April 2023
Amortisation charged for the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Website
£
600
398
202
600
-
202

14 Tangible fixed assets

14
Tangible fixed assets
Furniture,
fixtures &
fittings
Equipment Motor vehicles
£
£
£
Cost
At 1 April 2023
3,184
9,332
61,000
At 31 March 2024
3,184
9,332
61,000
Depreciation and impairment
At 1 April 2023
1,986
8,619
34,313
Depreciation charged in the year
598
591
7,625
At 31 March 2024
2,584
9,210
41,938
Carrying amount
At 31 March 2024
600
122
19,062
At 31 March 2023
1,198
713
26,687
15
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
28
Other debtors
-
Prepayments and accrued income
20,255
20,283		 Total
£
73,516
73,516
44,918
8,814
53,732
19,784
28,598
2023
£
1,983
1,058
10,303
13,344

page 16

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

16
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
17
Trade creditors
Other creditors
Accruals
17
Deferred income
Other deferred income		 2024
£
2,173
20,134
300
901
2,934
26,442
2024
£
20,134		 2023
£
3,002
-
282
-
1,860
5,144
2023
£
-

Deferred income is included in the financial statements as follows:

Government grants received before 31 March 2024 relating to services to be provided in the following financial year £2,800 (2023: £nil).

Grants received from other organisations before 31 March 2024 relating to services to be provided in the following financial year £17,334 (2023: £nil).

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
2023
£
£
20,134
-
-
32,934
-
(32,934)
20,134
-
20,134
-
2024
2023
£
£
6,533
3,945		 2023
£
-
-
2023
£
3,945

page 17

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Retirement benefit schemes

(Continued)

The charity contributes on a defined contribution basis towards personal pensions for staff who have elected to join the scheme, or are automatically eligible through autoenrolment. The assets of the scheme are held separately from those of the charity, in independently administered funds. The pension charge reflected in the Statement of Financial Activities represents the amount payable by the charity to the pension scheme for the year.

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
Incoming
resources
Resources
expended
At 31
£
£
£
Jack Petchey Awards
2,152
3,717
(3,899)
Early Years Project
4,067
801
(4,035)
D of E
-
3,664
(612)
William Kendall Fund
-
1,858
(309)
Lord's Taverners minibus
26,687
-
(7,625)
Go! London
-
774
(774)
London Youth - Getting Active Sports Programme
1,220
-
(1,220)
The Grand Charity
-
1,495
(1,495)
Website
1,227
-
(1,227)
Bexley HAF Programmes
-
10,034
(10,034)
35,353
22,343
(31,230)
Previous year:
At 1 April 2022
Incoming
resources
Resources
expended
At 31
£
£
£
Jack Petchey Awards
1,758
7,428
(7,034)
Early Years Project
6,538
2,829
(5,300)
London Sport
1,833
-
(1,833)
Lord's Taverners minibus
34,312
-
(7,625)
London Youth - Getting Active Sports Programme
1,034
1,356
(1,170)
Website
1,227
-
-
Bexley HAF Programme
54
12,153
(12,207)
Bexley CCG
491
-
(491)
47,247
23,766
(35,660)		 March
2024
£
1,970
833
3,052
1,549
19,062
-
-
-
-
-
26,466
March
2023
£
2,152
4,067
-
26,687
1,220
1,227
-
-
35,353

page 18

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

(Continued)

Lord's Taverners minibus

During 2018, the charity was grateful to receive a minibus from the Lord's Taverners. The donor requires that the vehicle must only be used for transporting disabled children and young people, nor can it be sold by Bexley Snap. Snap's own contribution to the cost of the minibus has been transferred into the fund. The initial value of the fund is based on average costs for such vehicles.

Jack Petchey Awards

This fund holds awards received from the Jack Petchey Foundation, which are expended on projects and activities selected by the charity's beneficiaries.

Early Years Project

A fundraised donation from Baby Ballet Shine contributed towards the cost of this service.

Bexley HAF Programme

Represents funding received to enable the charity to deliver holiday clubs for children who are entitled to free school meals.

Website

Funded by William Kendall - Investment into staff training working with a website developer to produce a new website the Snap team can maintain

London Youth - Getting Active Sports Programme

Provision of physical activity through a variety of movement games and sport.

D of E

Funding in relation to the Duke of Edinburgh Awards Scheme for young people aged 13 plus attending our Youth Clubs.

William Kendall Fund

Funding to go towards set up and 1 years subscription for a new database and communication app called Family. The app is specifically designed for early years providers and families to communicate, share information and handle admin together culminating in streamlining processes and boosting communication.

Go! London Fund

One year’s sports and physical activity programme for all ages and abilities. Offer spread out over various new and existing clubs/special events to boost disabled children and young people’s exercise and interest

The Grand Charity

Donation received to go towards a wall mounted sensory caterpillar equipment.

page 19

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
Capital reserve 1,500 - - 1,500
Investment fund 43,426 - - 43,426
Exit strategy 20,000 - - 20,000
General funds 68,189 191,430 (201,191) 58,428
133,115 191,430 (201,191) 123,354
Previous year: At 1 April 2022 Incoming Resources At 31 March
resources expended 2023
£ £ £ £
Capital reserve 1,500 - - 1,500
Investment fund 43,426 - - 43,426
Exit strategy 20,000 - - 20,000
General funds 71,223 210,330 (213,364) 68,189
136,149 210,330 (213,364) 133,115

Capital Reserve

This fund holds the funds designated by Snap's Management Committee for future expenditure on capital equipment necessary to provide continuity of services

Investment Fund

During the year ending 31 March 2005, a legacy was received from the estate of Mrs Nelhe Adelaide Johnson and that of her son, Mr Maurice Allan Johnson. The Management Committee decided that £100,000 should be held in an investment fund, in order to provide some annual income for charitable activities and to protect the value of the capital. The fund is held in reserve for unforeseen emergencies and is used to assure financial stability of the charity's operations, particularly where funding shortfalls occur. It is also used to fund the start-up costs of new projects and initiatives.

Exit Strategy

This fund has been designated by the Management Committee for use only in the event of Snap's funding drying up to such an extent that it has to downsize substantially or can no longer continue to provide services and to support families. It comprises statutory redundancy payments only.

page 20

BEXLEY SNAP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

21 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
721
19,063
Current assets/(liabilities)
122,633
7,403
123,354
26,466
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Intangible fixed assets
202
-
Tangible assets
1,911
26,687
Current assets/(liabilities)
131,002
8,666
133,115
35,353		 Total
2024
£
19,784
130,036
149,820
Total
2023
£
202
28,598
139,668
168,468

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
23
Related party transactions		 2024
£
6,700		 2023
£
6,700

There were no disclosable related party transactions during the year (2023 - none).

page 21