Blossom Project Annual Report for the year eliding 31 March 2024 Blossom Project Chtyrlty Number.. 1168022 Company registered number: 09468147
Blossom Project Ltd (A Conipany Limited by Giiarantee) riNANCIAL STATf:MENTS TrOII THE YEAR INDED 31 MARCH 2024 CONTINTS Pagc l . InE()rmati()n 2. DirLctors'/TrustLc¥' Ilcpc)rt .4- 19 Indepcndcnl Examincr Report 20-21 4. Statemcnt OF r,inancial Activities 22 5. Statement of Financial Position 23-24 6. Note5 to thc Financial Statcmcnts 25 -30
Blossom Project Ltd Report of the trustees for the year ended 31 March 2024 Reference and Administrative Information Charity name: Blossom Pruject Ltd Charity Registration number: 1168022 Trustees Hasina BLgum Ruznna Begum Shei]di Alimcd Ruhana Begum (Resi&7ned Nov. 202 3) Chair Company Secretary Ru7.nna Begum Secretary General Members Rufia Begum Rubina Begum Helal Miah Masud Ahmed Yasmin Siddiqa Khanom Lena Begum Zakir Asir Bank Lloyds Bank Account number: 27454562 Sort code: 30-99-50
Blossom Project Annual Report for the year ending 31 March 2024 Trustees, Report: Introductlon from the Chalr As we look ahead to the future, our vision for Blossom Project is to continue evolvin8 as vibrant and inclusive community hub. We aim to create a welcoming space where residents of Tower Hamlets, regardless of background, can access vital services and activities that might otherwise be out of reach. Whether it's our community café, exercise classes, after-school tuition, arts and crafts, intergenerational activities, or a meeting space for local groups, Blossom Project strives to be a place where everyone can come together to grow, learn, and thrive. Our mission is to support all ages, cultures, and backgrounds, breaking down barriers and fosterin8 a sense of belonging. Blossom Project plays a cruclal role in connecting people, strengthenlng relationships, and enhancing soclal coheslon in our community. In particular, we are committed to supporting men's and women's mental health, provldin8 much-needed services for those facing emotional and psychological challenges. Additionally, we are focused on creating meaningful opportunitie5 for children and families, offering projects that nurture well-being and build resillence in the younger generation. A key priority for us remains tackling Social isolation and loneline55- especially among older people. Through targeted servlces like our befriending schemes, outreach programs, and social activities, we are working to ensure that older adults are not left behind and can feel connected and supported within the community. As we move forward, we are excited to continue expanding our offerings- creating opportunities for learning, training, personal development, and family celebrations in an affordable, accessible environment. Blossom Project also remains dedlcated to providing a ran8e of activities that support mental health, well-bein8, and social connection for all ages. However, the challenges we face are ever-evolving. In addition to adjusting to the changes brought on by the post-covid world, we are navigating the rising cost of living and the ongoin8 impact of austerity. These challenges create an even greater need for accessible services, which Blossom Project is proud to provide. As we adapt to these conditions, we are committed to finding innovative way5 to meet the growing demands of our community while ensuring that our services remain effective and sustainable.
Looking ahead to 2024-2025, we are eager to grow our network of partners and collaborators. We aim to co-develop new projects with the local community, ensurlng that our work remains relevant, inclusive, and impactful. By embracing inclusive planning and adapting to both financial and social challenges, we will build on our successes and expand our capacity to meet the evolving needs of Tower Hamlets residents. I would like to extend my heartfelt thanl(s to our trustees, members, volunteers, funders, and supporters. Your dedication, time, expertise, and generous contributions have been instrumental in the growth of Blossom Project. Together, we are making 3 lasting difference in the lives of those who need it most. Ha5ina Begum (Blossom Project Chair of Trustees) BIosiion] Project Aim and Objeclives The charity aims to support the residents of Tower Hamlets and surrounding areas, particularly those In dlsadvantaged communities, by addresslng the needs of individuals facing hardship due to age, infirmity, disabllityi youth, or poverty. We achieve this through advancing education, providing training for employment, and offering recreational and leisure facilities to improve quality of life, Our worl< includes services such as be-friending for the elderly, adult education and training, healthy eating initiatives, mental and physical health support, and activities for children and families. We achieve thls through: Be-frlendlng servlces for the elderlyi including Outreach and regular telephone support for hard-to-reach and vulnerable individuals. Day Resource Centre, offering services like a luncheon club and trips for elderly and vulnerable adults suffering from isolation and neglect. Information, advice, and advocacy forthe elderly and vulnerable adults. Adult education and training for those not in employment or for non-English speakers, helping Wlth education advancement. Health promotion services, supporting mental and physical well-being, including healthy eating initiatives and services for individuals with long-term conditions. Children and family services, offerin8 SUPPOrt for families and providing services that promote well-being and healthy development. Volunteerlng opportunities to help residents build confidence and experience, aiding further education and work prospect5.
Blossom Together Project: Tacl<ling Loneliness and Social Isolation Originally funded by Tower Hamlets Council and now self-funded by the Blossom Project, Blossom Together is a key initiative aimed at reducing loneliness a nd isolation within the loca I community. Tower Hamlets, one of the most deprived boroughs in London, has a significant number of residents facing social isolation, pa rticularly the elderly, those with disabilities, and individua Is living in poverty. Over l in 3 older resident5 report feeling lonely, a figure much higher than the national average, highlighting the urgent need for services that combat Isolation. This project directly aligns with our objective to support vulnerable individuals, particularly those facing hardship due to age, infirmity, disability, and poverty. ry /a In 2023-2024, our outreach worker and dedicated volunteers engaged with hard-to-reach individuals who experience loneliness, providing tailored support to improve their social well-being. Through a variety of activities-such as tea and coffee mornings, intergenerational conversational English sessions, wa Iking clubs, light exercise, urban gardening, arts and Crafts, and trips we created opportunities for participants to connect, build relationships, and improve their mental and physical health. This year, we supported 65 local residents in Tower Ha mlets, directly addressing the social isolation faced by individuals in disadvanta8ed communities.
Mental health concerns in the borough are also prevalent, with l in 4 adults expected to experience mental health issues at some point in their lives, further underscoring the need for programs that support well-being. By fostering social inclusion and creating a sense of belonging, Blossom Together contributes d irectly to our core objectives of enha ncing quality of life, advancing education, and supporting mental and physical health for vulnerable individ uals in the area. Ir The Blossom To9ether Project facilitated weekly Discussion Sessions includin9 Wellbein9 Workshops.
Cominunity Café: A wai.ni Sp<ice for Connection Since its inception in 2017, the Community Cafe has grown in response to an urgent need to address social isolation among older adults and vulnerable individuals in Tower Hamlets. The borough, with its significant levels of deprivation, has ma ny residents who experience loneliness, particularly those who are elderly, d isabled, or living in poverty. Accord ing to recent studies, over 2510 of older adults in the borough report feeling socially i501ated, and the Community Café serve5 as a vital lifeline to tackle this challenge. Supported by the Blossom Together project, the Community Café hosts weekly tea and coffee mornings and lunchtime gatherings, providing a welcoming and inclusive environment for local residents. Our volunteers play a crucial role, working tirelessly to ensure that individuals have a warm, friendly space to meet, share a meal, and build meaningful connections with others. By offering this regular, no-cost service, the Café not only combats Isolation but also contributes to improving the overall well-being of participants, offering them both social interaction and a Sense of belonging. In 2023-2024, the Café continued to be a central pa rt of our efforts to im prove the quality of life for local residents, Through these gatherings, we also supported partici pants in engaging with other servlces, offering information, advice, and comm unity resources to f urther enhance their lives. This initiative is directly in line with Blossom Project's core objectives of supporting mental and physical health, advdncing education, and provid ing a safe Space for vulnerable individuals to thrive. () 'Our Community Cafe brlngs people together. promoting greater understanding and respect between generations and contributes to building a cohe51ve community whilst tacklin9 loneliness, health and social wellbeing,
Training <ind Enii)loyment Pi'ojecl The Blossom Project has been collaborating with Supporting Care to engage individuals facing low or no income, helping them explore opportunities to enter or return to the workforce, particularly within the carlng sector. Through our work, we've identified several common barriers to employment, including lack of qualifications, limited skills, insufficient work experience, caring responsibilities (necessitating flexible work options), employer biases, low confidence, and challenges stemming from disadvantaged backgrounds. Thanks to our partnership with Supporting Care, we've been able to provide tailored support to help local residents overcome these challenges. This includes offering personalised advice and guidance, accredited training programs, volunteering opportunities, work experience placements, and the creation of flexible employment opportunities that accommodate individuals, personal circumstances, A hand up in tackling worklessnes5, promotlng social mobility and aspiration by equipping local resSdents with the necessary skills and experience to achieve their employment 9oals with confidence and dignity.
volunteei.ing Pi'oject The Blossom Project's Volunteering Initiative plays a vital role in mal<ing a positive impact on the community we serve, Our volunteers bring a diverse range of sl(ills, experiences, and knowledge that enrich the work we do. Through volunteering, they have the opportunity to forge meaningful relationships within the community, including engaging those who are often hard to reach. Ihl AZ ¥lSlOk¥ By investing in our volunteers, we can provide opportunities for skills development and potential routes to employment. Ourvolunteers are instrumental in shaping the development and delivery of our services, providing invaluable local insights, They contribute in various areas, including outreach, activity development and coordination, service delivery, befriending, guidance, mentoring and administration. Volunteering not only supports our beneficiaries in improving their health and wellbeing, but it also helps reduce social isolation, while fostering greater confidence and independence. In 2023-2024, we succe55f ully recruited 4 new volunteers, all of whom rece ived traini ng to equip them with the skills needed to thrive in their roles at Blossom Project.
Direct Learning Academy: Siii)i)leinentary Tuition Cl<isses In 2023-2024, Blossom Project continued our valuable partnership with Direct Learning Academy to provide loca I children with essentia I supplementa ry tuition in English, Maths. and Science. Tower Hamlets, with its high levels of poverty a nd educational ineq ua lity, has a significant number of children and young people who face barriers to academic success. As part of our commitment to advancing education a nd tackling these cha Ilenges, the partnership aimed to bridge educational gaps and provide tailored support to help young people reach their full potential. Through thi5 partnership, 61 young people benefited from both group and one-on-one tutoring across a range of key stages, from KS2 to A Level Maths. The support provided focused on building confidence, improving academic performance, a nd offering ta ilored lea rning strategies to ensure that each child could excel in their stud ies. The service was particula rly im pactful for students facing additional challenges such as English as a second13nguage or those from disadvantaged backgrounds, aligning with Blossom Project's objective to provide equal educational opportunities to those in need. These supplementa ry classes played a crucial role in enha ncing the academic outcomes of participants, with many students reporting improvements in their understanding and performance in core subjects. By offering this additional support, the Direct Learning Academy partnership helps us fulfil our mission of advancing education and supporting the academic development of young people in Tower Hamlets. Throu9h academic excellence, personalised learning and pra¢ticing exam questions young people are able to f111 gaps in their subject knowledge and build conf idence.
Mens Club: CommLinity Coiiiiectioiis Comm unity Connections is a grassroots pilot initiative designed to tackle social isolation, loneliness, and mental health challenges among BAME men in Tower Hamlets. With 16.1% of the population affected by depression and anxiety-the highest in London this project seeks to provide a supportive network to foster resilience and raise awareness about mental health. Activities include weekly games evenings, mental health workshops, and career development sessions. These initiatives aim to im prove both mental and physica I well-being by reducing stress, promoting social connections, a nd increasing self-confidence. Additionally, the program offers workshops on communication, conflict resolution, goal-setting, and parentin8, all designed to strengthen relationships and build self-esteem. y focusing on both Immediate and long-term mental health needs, Community Connections works to improve the lives of pa rticipants, com bat isolation, a nd contribute to better mental well-being in the community. v tr-ljl
Family Eco Worksliops in Partnersliii) with Suiiny Jar In 2023-2024, Blossom Project partnered with Sunny Jar, a local social enterprise focused on promoting sustainability and community engagement, to deliver a series of Family Eco Workshops. Over 51X workshops, 13 families registered, with an average attendance of 27 people per session. These workshops educated fa mi lies in Tower Hamlets on various aspects of eco-friend IV living, covering topics such as reducing food waste, understanding environmental impact5, and adopting sustainable practices in daily life. Key areas explored during the workshops included: Food Wastage: Raising awareness about food preservation, recycling, and minimi2ing waste. Sewing and Mending., Teaching particlpants how to repair and repurpose clothing, promoting sustainability in fashion. Sustainable Travel., Encouraging eco-friendly travel choices like wa I l(1 ng, cycli ng, and using public transport. Eco-Friendly Home Practices.. Sharing practical tips for creating greener homes, from energy conservation ta reducing plastlc Use. Sunny Jarfs eKpertise in sustainability and community-led action helped deliver hands-on learning experiences, empoweri ng fa m ille5 to ma ke p051tive environmental changes in thei r lives. These workshops directly a lign with Blossom Project's mission to promote hea Ithier, more sustainable living and strengthen community engagement.
Nature Mindfuliiess Project In 2023-2024, Blossom Project launched the Nature Mindfulness Project for children, aimed at promoting mental well-being, reducing stress, and f05tering a deeper connection to nature. The project provided a holistic expe rience, combining creativity with mindfulness to e ncourage self-expression and emotional growth. Activities included Nature Journaling, where children reflected on their surroundings and expressed their thoughts through writing and drawing; Arts and Crafts, allowing children to create nature-inspired artwork,. Poetry and Science, blending creativity with learning about the environment,. and Mindfulness practices to help ch ild ren develo p coping Strategies for stress and anxiety. Thi5 project supported Blossom Project's objectives by promoting menta I hea Ith a nd well-being, advancing education through creative learning, and fostering a sense of community among participants. With an average attendance of 24 children per session, the project provided a valuable outlet for self- expression and mindfulness, contributing to the personal and educational development of young people in Tower Hamlets.
Healtliy Frflmilies Iiiitllc tive: Dciiltil Workshoi) for Cliildreii aiid Families in Partnersliip witli Deiilal Aid In 2023-2024, Blossom Project organised a Dental Worl<shop in partnership with Dental Aid, a UK-based charity dedicated to improving access to dental care and raising awareness about oral health, particularly in underserved communitie5. The workshop, sponsored by Blossom Project, aimed to educate local children and families in Tower Hamlets on the importance of oral hygiene, prevention, and dental care. The event featured denta I professiona Is who provided practical advice o n brush ing techniques, the impact of diet on oral health, and the importance of regular dental checl(-ups, Participants also learned about the role of dental hygiene in overall health and well-being. The worl(shop included hands-on demonstrations and interactive activities designed to engage children and adults alil<e in maintaining better oral health habits, The session was attended by 30 children and 18 adults, who gained valuable l<nowledge on how to care for their teeth and prevent com mon dental issues. This initiative supports Blossom Project's objective of improving the overa11 health and well-being of local families, particularly in areas where access to dental care and education 15 limited.
Chandograin Welf<lre Associatioii The Chandogram Welfare Association continues to be an active and valued group at the Blossom Project venue, where they work on various initiatives aimed at improving community cohesion both within Tower Hamlets and in their home village of Chandogram, Bangladesh. The Association's mission is to provide vital financial support a nd resources to individ uals in need in Chandogr3m, with a particular focus on helping students access educational opportunities to improve their futures. In 2023-2024, the Association has continued its important work, supporting disadvantaged families in Chandogram with financial aid, ensuring that vulnerable individuals and students can further their education and improve their quality of life. Additionally, the Association plays a crucia I role in connecting UK-based children of Chandogram families with their cultural heritage. By encouraging them to lea rn about their roots, the Association helps foster a sense of pride and belonging, creating an important link between the younger generation and their ancestral community, These cultural activities not only promote a deeper understandlng of herltage but also Strengthen relationships between local families in Tower Hamlets and their counterparts in Bangladesh. Through its continued presence at Blossom Project, the Chandogram Welfare Assoclation contributes to our mission of fostering community cohesion, At Blossom Project l¢xal people benef it f rom havlng a community space where they can meet, engage wlth other local resldents and discuss Issues that are close to thelr hearts. Residents ore given the opportunity to develop their own projects and co-develop actlvities wlth Blossom Project.
Discoiiiited <iiid Afforil<iblL Si)aces for the Loccil Coininunity In 2023-2024, Blossom Project continued to offer its Hall booking and meeting rooms at discounted rates, providing local residents with an affordable and flexible alternative to commercia I venues. These spaces serve as a valuable resource for the Tower Hamlets community, enabling individuals and groups to host a wide range of events, from parties and baby showers to mehndi parties, receptions, and community gatherings. By offering these spaces at a lower cost, Blossom Project ensures that even those from disadvantaged backgrounds have access to venues that might otherwise be out of reach. This initiative directly aligns with our objective to provide accessible and supportive services to local residents, helping to strengthen social connections and foster comm unity cohesion. The ability to hire these spaces at affordable rates allows residents to celebrate life's milestones, engage in cultural traditions. and create shared experiences that enhance the sense of community in Tower Hamlets. Blossom Project's community space not only offers a practical solution for loca l events but also acts as a hub for social interaction, helping to build relationships and create lasting memories for local residents.
Special Thanks First of all, we would like to thank all our Users, Residents, Volunteers and Partners for their support in delivering services that are most needed in the community. Thanks to Ruznna and Mubin for their continued'behind the scenes, support in establishing and coordinating projects voluntarily whilst building partnerships with local private, public and voluntary sector organisations. A big thanks to Supporting Care who have been an excellent tenant for the last five years, and for supporting and training our volunteers, some of whom are now working with them as care workers. Challenges Blossom Project has bee n ma king progress in developing our services. There is still a lot of work to be done and challenges which need to be addressed through.. l. Targeted outreach to engage more local BAME Older Residents to the tea and coffee morning as well as local project engagement through arts and craft and healthy lifestyle, 2. Active involvement of participants in meetings, co-design and promoti ng the service. 3. Promoting our venue to local establishments and schools so that the venue can be used more frequently. So that we may continue to fund our projects Post Covid-19, 4. Diversifying our income strategy to f und f uture projects and activities. Solutions/Pl¢lniiing l. Continue to explore funding sources to develop; Tea and Coffee mornlng, Day Centre, and activities to tackle social isolation and loneliness for Older People and Vulnerable Adult5. 2. Secure funding for tackling food poverty and unemployment due to Covid-19. 3. Secure funding for youth club and children and young people after-school and holiday activities. 4. Develop advocacy and advice service for children and adults'families project,. 5. Deliver a Women's self-defense club. 6. Continue to invest in Volunteers and develop a Volunteer Strategy. 7. Co-develop projects with residents, whilst building their capacity, skills, and confidence. 8. Post Covid to promote affordable hall hire in local establishments as well as online. 9. Fundraising to recruit more permanent staff members. Hasina Begum: Blossom Project Chair of Trustees
Reserves Policy Blossom Project seeks to esta blish and maintain reserves of f unds within the terms of its constitution, and Reserve policy therein. We have taken into consideration the Charities Commission guidance to cover contingencies arising during our activities, as well as in the event of cessation of operations, or winding down costs. Risk Mitigatioii The board ha5 examined the principle areas of the charity's operations and considered the major risks, which may arise in these areas. In the opinion of the trustees the charity has adequate resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in Its day-to-day operations, Financial positioii The Statements of Financial Activities shows a surplus of £7,9241£29,746 surplus in 20231. And the Balance Sheet at period end shows total funds at £53,629, and the charity has sufficient funds to continue into the next yea r. StaleinLnt ofi"i'i.IslLL%' resi)oiisibilitiLs The trustees (who are also directors of Blossom Project Ltd for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepa re financial statements for each financlal year, which give true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expend iture, of the charita ble company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then a pply them consistently; observe the methods and principles in the Charities SORP 2015 IFRS 1021,. make jud8ements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the fina ncial statements,. prepare the financial Statements on the going concern basis unless it is inappropriate to presume that The trustees are responsible for keeping adequate accounting records that disc105e with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the cha ritable com pany and hence for taking rea50na ble steps for the prevention and detection of fraud a nd other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware; and the trustees have taken all steps that they ought to have tal<en to make themselves aware of any relevant a ud it information and to establish that the auditor is aware of that information. Independent Examiner's Report An Independent examination was carried out by Abacus Partners (Ldnl LLP, Chartered Certified Accountants, The company elected to dispense with the annual appointment of independent examiners. In the absence of a speciflc resolution, to the contrary Abacus Partners (Ldnl LLP will continue in office. These financlal statements have been prepared in accordance with the provisions a pplicable to companles subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland,. This report was approved by the directors/trustees on 27 January 2025, Signed on behalf of the boa rd of d irectors/trustees. Hasina Begum Blossom Project Chalr
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOSSOM PROJECT LTD I report on the accounts of the company for the period 01 April 2023 to 31 March 2024, which are set out on pages 22 to 30. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed, It is my responsibility to: examine the accounts under section 145 of the 2011 Act,. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below.
Independent examlner's statement In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in, any material respect.. accounting records have not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with the records, or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the methods have not been prepared in accordance with the Charities SORP IFRS102). I have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached, Nur Ahmed Chowdhury FCCA Abacus Partners (Ldnl LLP Chartered Certified Accountants Unit A Abbotts Wharf, 93 Stainsby Road, London, E14 6JL. 27 January 2025
BLOSSOM PROJECT LTD { A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2024 Total 2024 Total 2023 Unrestrlcted Restrlcted INCOME AND EXPENDITURE Notes INCOMING RESOURCES Activities for generating funds Charitable Activities Income 17,619 17,619 37,925 6,815 12,258 19,073 55,105 Total Income 24,434 12,258 36,692 93,030 RESOURCES EXPENDED Voluntary Cost Charitable Activities Cost Administrativ e Cost 343 343 2,019 12,990 11,915 24,905 54,918 3,520 3,520 6,347 Total Resources Expended 16,510 12,258 28,768 63,284 NET INCOME IDEFICIT FOR THE YEAR 7,924 7,924 29,746 Funds as at 31 March 2023 45,705 45,705 15,959 Fund Movement Funds as at 31 March 2024 53,629 53,629 45,705 The notes on pages 25 to 30 form part of these accounts.
BLOSSOM PROJECT LTD ( A Company Llmited by Guarantee) STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 Total 2024 Total 2023 Notes Fixed Assets: Tangible Assets Current Assets: Debtors and prepayments Cash at Bank and in hand 12,600 12,600 43,029 36,598 55,629 49,198 Debtors: LBTH grant receivable Creditors: Amount falling due within one year 1,000 Net Current Asset8 54,629 45,705 Total Net Assats 45,705 Funds Unrestricted funds.. General 53,629 45,705 Restricted fund Total Funds 53,629 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Director's res onsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. and
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime, and accordance with FRS 102 'The Financia Reporting Standard applicable in the UK and Republic of Ireland,. There financial statements were approved by the board of directors 2nd authorised for issue on 27 January 2025, and are signed on behalf of the board by.. Husina Begum DirectorlTrustee The notes on pages 25 to 30 form part of these accounts.
BLOSSOM PROJECT LTD ( A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2024 Accounting Pollcles Basis of preparation of accounts: The financial statements have been prepared in accordance with 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 IFRS 102)- (Charities SORP 2015 IFRS 102) The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless otheNise stated in the relevant accounting policy notelsl. Income Recognition: Income for immediate expenditure are accounted for when they become receivable, GrantslDonations received for specific purposes are treated as restricted funds, GrantslDonations restricted to future accounting period are deferred and recognised in those periods. 1.3 Allocatlon of cost: Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to as well as using best possible professional judgements. Support cost: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Reserves Poll¢y I n line with the best practice of charitable sector the charity plans to developed a reserve policy to provide financial stability, development of principal activities and guard against unforeseen costs. The directors aulhorise fund movements to meet those needs, Going concern Al the lime of approving Ihe accounts, the Iruslees have a reasonable expoclalion that the charity had adequate resources lo conllnue in operational exislance for the forseeable fulvre, Thus the Iru51ee5 continue lo adopt the going concern basis of accounting in preparing accounts,
Tangible fixed assets and depreciation: Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the annual rates in order to write off each class of assets over its estimated useful life. FF & Equipment's on cost Funds: Un restricted fu nds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for partIClar purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
BLOSSOM PROJECT LTD l A Company Limlted by Guarantee) Notes to the financial statements For the year ended 31 March 2024 Incoming Resources Incoming resources are the amounts derived from the provision of charitable services, facilities hire, the receipt of gifts and g rants falling within the charity's ordinary activities. Donations received for the general purposes of the charity are included as unrestricted funds. Income Summar 3 Fund generating activlties Unrestricted Restricted 2024 2023 Facilities hire 17,619 17,619 17,619 17,619 37,925 37,925 4 Charitable Activities Income Unrestricted Restricted 2024 2023 Project aclivities-L8TH Other charitable activities 12,258 12,258 6,815 19,073 10,196 44,909 55,105 6,815 6,815 12,258 Total Income 24,434 12,258 36,692 93,030 Ex enses Summar 5 Voluntary Cost Unrestricted Restricted 2024 2023 Volunteers cost 343 343 343 343 2,019 2,019 6 Charltable Activities Cost Unrestricted Restricted 2024 2023 Sessional worker Advertising cost Rent, rates and insurance Telephone & internet charges Repairs and maintenance 2,143 2,143 8,670 12,990 9,690 82 22,680 82 45,360 119 769 54,918 12,990 11,915 24,905
7 Administratlve Cost a) Support Cost8 Rent, rates and insurance Telephone & internet charges Repairs amd maintenance Unrestricted Restricted 2024 2023 2,520 2,520 5,040 51 256 2,520 2,520 5,347 b) Governanco Costs Management Expenses Accountancy Fees 1,000 1,000 3,520 16,510 1,000 1,000 3,520 28,768 1,000 1,000 6,347 63,284 Total Expenses 12,258
BLOSSOM PROJECT LTD ( A Company Llmlted by Guarantee) Notes to the flnancial statements For the year ended 31 March 2024 Credltors: Amount Falling Due < One Year 2024 2023 Accruals and deferred Income 3,493 1,000 3,493 Movement In Funds Unrestricted Restricted Fund Fund Total As at 1 April 2023 45,705 45,705 Current year Movement 7,924 7,924 As at 31 March 2024 53,629 53,629 10 Taxatlon The entity is a registered charity and does not undertake non-charitable activities, hence entitling it to tax exemptions from HMRC. 11 Post Balance Sheet Events There were no significant post balance sheet events, 12 Transactlon wlth Trustees There were no transactions with the trustees during the year. 13 Contlngent Llabllities The companylcharity had no contingent liabilities as at 31 March 2024 nor at 31 March 2023. 14 Related Partles Transactlon There were no related party transactions during the ye8r to disclose. 15 Glfts In Klnd And Volunteers During the year the companylcharity benefited from unpaid work performed by volunteers.
16 Employees The charity was run by volunteers and ses5i0nal workers,and did not have any employees, during the year or in the prior year.