COM¥ reglstfation fttsrnber.. 08132170 Charity reglsiration number.. 1170704 Big Red Bus Club IA c1partY limlted by iu•ranteol Annual Repgrt ond FlnaAcial 51aiements lor the YEar Ended 31 July 2023 Field Sulllvan Limiied 9 Hare & Billet Road Blackheath SE3 OR8
818 Red Bu5 Club Contents Reference and Adminisrrative Oetails Trustee5 Report 2to7 Independent Examiner's Report 8tog siaiement ol Financial Acilvities io Balance Sheei Ilto12 Notes to the Financlal Statcrnents 13to26
Big Red Bu$ Club Reference and Admlnlstrative Detalls Chalr Rebecca Monrtrsabaiiè Truileos Aebe¢¢a Monro-saballe Claudla Q'Brien Absh• Scott Holen Warnef CharSiy R•il$iratlon Numb•r 1170704 Company Al51ratIon Number 08132170 Rrylstai•d oifKe Clockhou5e Communlty Centre Oefiance Walk Wcolv4i¢h Dockyard London SE18 SQL Ind•p•nd•nt Ex•mlnèr Fleld Sullivaft Liffliied 9 Hare & 8illet Road lackhe•th SE3 ORB Pa8e I
Blg Red Bus Club Trustees Report The Irustees. who are dirECtors lor the purpgses of company law. present the annual reporl ttsgether with the linancial statements ol tho charitable company for the year ended 31 July 2023. obJ•rtlV and Artlvltl•s lor th• Publ1¢ 8enefft Th@ Management Commlttee ¢onfirm they have referred io the guidanre coniained In the Charity Commisslon ieneral ¢uSdance on public beneflt when reviewing the Bi8 Red Bus Club alm5 and objectives ol iht charity. The object5 of the charity are to enhah¢e the wellboin& development and education ol children, their families and caiecs by encDuro8inB parents to undersiand and pmidE for the needs of iheir children ihrough communily 8rDups and by.. 111 Providin8 a fang¢ of appfopriate play. education. recreatlon and Iralnin8 servlces. that address and support the need5 of chsldren, thelr families ancs iheir carers with a speciflc referen¢¢ to parents and carer5 to become Involved In the aCilvllie5 of 5u¢h 8IOUP5, en5Ufin8 that such ¥roup5 offer opportunities lor 411 chlldien whatever race, culiure, reli8lon, sexualily tender, means or ablllty.. and 121 To Pfovide a range ol Informatlon, advice. suppori and zuidante seryices thai encoura4es the study ol the need5 of such ¢hlldren and thcii (amille5 and piomoilftR publlc interest Ii) and recognitlon of such needs. Artlvltles c•rrl•d out l Auiwt 2022- 31 July 2023 FollowlnR the Covld.19 pandemic. The Big Red Bus Club was ablt to sèfEly re•open sity and play sessions due to the rocruiiment of play workers. howevcr. lor The BIR Red Bkts Club io remain open long term, il w45 important io move back io our volunteer model. Wilh ihe support ol The Greater London Authorily funding our Supporiin8 ¥olunreers, supporting lamilles project, we were able to recrult and traln a ieam of 14 volvnteers, running live weekly stay and ploy sesslon5 as well as h05tin8 weekly voluntepr Inlorm•tion s¢sslons. St•yand Play- Voluni••r pr4rmmq Tht purpo.se and core servlce ol th* 818 Red Bus Club 15 to deliver our free, volunteer run, dairy. ierm ilmt slay afid play sessions lor childcen under live aiid iheir families. Our specidilly Iralned leam of volunieèrs provide a ran8e of educalional and play aciivilies dally and provide a Chance lor famillès to meei anij SO¢ialise. The 818 Retl Bus Club could not stay open wtthout the support of our Inirediblc vrjlunteers $0 we oHei • wide. comprehensive ar¢d translerable trlnin8 packay which underpins all of the work we do at The Bl8 Red Club. For ihe Ilr51 tirne. In 2022123, all of our volunteers were DfferÈd Level l Makaton sign langua8e tralnin8. which saw our cenife be recognised as a Makaion friendly cenirè. 69.1% of our users sald that they use our servlce ID help their children moke new ffiends and 60% 01 users say ihat it is so ihai their Ihlldren tan play oviside. 172 Stay and Play se55ions • 225 unique Familte5 ai Stay and Plav 274 unigue chil(Jren Over 7C(I Volunteer hours 14 stay and play volunieèrs recruiied ancl trained PaBe 2
Big Red Bus Club Trustees Report 10 aclive volunteers by enij ol the year 3 volunteers MOV into employment at end of academlc year 3 voluntters bEtome board members Spe4k Up ESOL Sef¥ltg Speak up. our undef fives playoroup for lamilies wlth En81ish as an addtttonal langua8e. is funded by City Bridge Foundaiion. The aim of the group is to provide support to ihose who lace barritrs accessing lormal ESOL provision where children arc welcome alon£side Iheir adulrs. A tralned ESOL lutor alongside a play worker art in each 5e$51Qrt to support the family as B whole aod provide opportunliits to pra¢tlce conversational Engllsh. 38 session5 have supported.. • 40 Unlqut, new lamS1ie5 Wlth an average 018 famllie5 at each 5C5SIQWI 100% of users supported to access Other services 95% 01 usefs slgnposled io main51ream ESOL • Siinifkani numbers of Vkralnlan's accessln4 ihls servk• Ukr•lnl•n St•y and Play Our weekty Vkr•inian stay and Play se551on5 provide a welcomln6. Ukr•lnl4n langva¥e stay and play se$51ons. Hilolen Charitable Fund have knd1¥ funded us lor these ses5ion5. lo ensure ihat we could run the 525sions with Ukrainian speaking play worker to support the ¢hildc¢n, whllst SUPPori and sl8npO5tl could be accessed by pafents, kindly Riven by Ukriinian Support Greenwich. 3S sessions have supported, We havv Over 107 Unique Vkralnlan famlll¢$ r*8isi•rod v4ith our servke. • 57 Unique adoliionol lamille5 since 01.08.22 3 tilps and outrcach event5 Iseaside, museum. Greenwlch Park plcnocl • Avera8e attendance per sesslon.. 18 Adulls and L8 children with highs over Ihe wmmer of 35 adults and 44 children. • Approxlmately 4096 on average of a¢tendet5 ai each session were Ukrainians who had arrived slnte ihe 22.02.21 Play Plus Play Plus, funded by 88C Children in Need. 15 our weekly sejsion for any children. under 5. needln8 5UPPOrt wilh Iheir development. Ouf Makaton trained session 5raft have part5cular strengths in supporting Spccch and Lan8U)8e development and supportin8 challen8in8 behaviour. Our session le3der Is a Makaton tutor and is able io Inake appiopriate relerrals io local Speoch and Language seThice5. Our Play Plus provislon is a polnl of referfal from other local thiloren centre5. Pa8e 3
Big Red Bus Club Trustees Report • 30 Unique new lamilies 66% had not seen a Spee¢h and language iherapisi of children hats starled or made si4nilbcbnt piogress across the year acr055 the followin8 Outcomes: -Increase the number of social contacis and interactlons wlth under five SFNO peer5 & Support the chlld's wellbeing and menial heaiih thrcuRh a ran88 of fun aciivities Isi8nilicèni. started. nonel .Imprtsve child development through intrèa5ed exposure to educational SENO acti¥ltie5 .Strengthen child iiafisilion io future setlifi85 ihrou#h deVepMent opportunitles and exposure io a ran6e ol communication a¢ti¥ities Youth S•rvlc•5 Board games group- The Blg Red Bus Club securod a small amtsunt of fundln8 Irom Royal Borough ef Greenwich Ward bud8ets in 2021122 to a board 8ames group. whlch contlnued to run into 2022123. The project was very much user led, with tho children collèboratlnB to creato club rules, slate what 8000 sportsmanshlp looks like •$ well as do5igning iheir own conllici resolutlon charier. Tvm ihlrds ol the chlldren accessin# boards 8ame5 8roup hève SEND needs and whllst wo haven'i curreniiy been able to secure any lurther lundln8 lor Ihis projeci. The 818 Red Bu5 Club have been alerted 10 ihe noeds ol local lamilie& ol neufodbverse lamllles. ND Power. The Blg Aed 8us Club has secured fundlng io run a group for Neurodlverse girls. aged 10.13. Tho group will be de518ned with the input ol a 5teerln¥ group, of neurodiveisc youn6 people and wlll stalt to run sE55ion5 In the up¢¢mln8 year. The Bli Red 81ke Rld• We would like ro lake ihis opportunilv to thank one 41 our parents, Matt Drewry. who took on ihe monumefital h411en8o ol cyclSng 100 mlles to raiso funds for The Bl8 Red Bus Club. ralsln8 Iusi over El.QTrJ, MonI Into 2D23124 The Big Red Bus Club will continue to bulld on its valuc5 and prlnclples: 11 Capacity building and empow?rin8 of volunieers 21 Supporting volunteers lo identify and inno¥are aroursd ihe barriers to the5r wellbelng 31 Scaffold volunieers io de15ver And lead on iheir 591ution5 Althoueh It conlSnucs to be a difficult fundraising environment. whlth our fundlng pip¢linc roflects, The Big Red Bu5 Club has Cred an additional year of tore fundlng Irom Tudof Trust, a5 well a5 funding io extend Speak Up lor two additlonal years fr¢)rn Clty Bridge Foundatlon. The Bti Red Bus Club wi11 tonlinue to build on and develop or volunteer led mo¢Jel. The irvstees conlifm that they have ccmplied with the Tequirements ol section 17 01 ihe Charilies Aci ioii to have due iegard to the public benelil 8uidance pub115hed by the Chafity CommTrssion lor Éngland Ind Wale5. Page4
Blz Red Bus Club Trustee5 Report Structur•i i0[an£t and managtmènt Oiqonlsatlonol strycture Big Aed 8us Club is a re8isiered charity and was consiiiuied 7 Jktly 2012. The Chariiy member and aiiicles ol association were amenderj in 2020 and Ihe Charity is gtsverned by it5 Mana8ement Cornmitlee elected annually by Charity members al its Annual General MeÉiing. The Managemont Committee should bo no loss ihan sim members and the Mana8ement Commrttet has the rlght ta co.opt memb¢is, to b¢ ratrfied at the next 4¥ailable Annual Geneial Meetin8. At the termly Managemeni Committee meelings, Cmimittee mcrnbcr5 a8reo the broad 5trate8y and aroas for adivity, including iThnovatlYe and Cfeailve ways to coproduce communlly based holisilc progfammes In the lurtherance ol the CharTrtie5 aims ond objectives. The Management Committee has a tèrmly Finance subcornmittee which scrutlni5e5 in depth the finance, prernt5es Jnd human resOUe$ Ivnctions ol ¢he or8anisation and provSd¢s support and guidance io the wider committee on these areas of ihe ¢harlVs aciivltles. The day-io.day •¢tivllle5 01 the Big Aed Bus Club are delc6ated to the Chief Fxecuiive Ollicer. On appolnimenl Managernent Committee $58n a model Irusiee deelaratlon, which Includes a ¢onllici-¢f-Intero$1 dclarati¢n and afe provldcd with training and suppori of Sale8uard4n8 ancl the Role5 and Respon5iblliiie5 of beln8 a irusiee throu8h our VCS Metro GAVS. All Manalernent Commltlee Members glwe thelr tlme freely •nd no Commlltee Members were pJld rtmuneratlon in the yeaf. Details of Trustee Expenses are disclosed In note 2 of the account5. Mana8ement Committee Members re required to disc105e oll ielevani inEeresis and regisier ihem with the Chiel Executive ond in accordance with 818 Red 8vs Club Manègement Committee Conflicts of interest pelicy. Mojor rlsks ondmonoqement of those rlss Flrsk Mortogement The Mana£emeni Commiltee have considered ihe major risks ¢0 which the ¢ha(sly is exposed •nd have reviEw5 th05c risk5 and established systems and proccdvres to mitigate those rSsks. ErterAol Ri5k5 Our gieatest risk continued to bc the uncertainty with •cquiring a loni term lease from the Royal 8orou8h il Greenwich. the Chair led a iaskforce lo ne8oiia¢e the coun¢il and obtained free bono1•8al support from Law Works who hav* our 613titude and thanks lor their continued support. OroonFsotionol Risks As a small organlsation it ha5 proven dillicull lo re¢ruil Irained and qts8llfied Ilnance staff, tbe ¢ommittC¢ ha5 to look at contractors for compliance dependent services, Whe cecrultment Into post5 have proven diffltult. ReseThYes Pollcy The BIR Red 8us Clubs reserves pollcy is lo.. maintain sufficient level of rcscrve5 to enable normal operating activitie5 to continue over a period 0151 weeks should a shoTtfall in income occur. wind dcwn the cr8anisation and exeiutin8 all the le8al and administratlve obligations ol the Bi8 Red Bus Club, Pa8e S
Bi8 Red Bus Club Trustee5 Report Excluded Iiom rhe resefyes pollcy is income associaied with donor restrkted lunds (earmarked incomel and any lulure endowment lunds. All potenli81 liabiliiies and coniracts refloct this. At ih¢ end of the year, the chority held £3,96712022,. £8,710> Iree reserves. The board 15 aware that this is below Ihe slx week operating actiiiiies costs and alihough fundrai5inu proves io tontinue io be drflicLJIt. arb •dditional year of core fundln8 from Tuilof Trust has been secured. The Mana8emenl Comrniltoe are responsiblo for keepinR acco¢JnilnB record5 which discltsst with reasonable at¢uraty the financlal posltlon of thè ¢harily and enable them to ascertain to ensure ihai ihe Ilnancial statemenis comply wilh Ihe Chèflties Act 1993. Ihe chaiity (Accounts and Atportsl Re8ulalions 2W8 ènd ihe provisions of the consiiturion. They are also responsible for saleguardinÉ the asseis ol the chafltv and hence lor taklng responsible 5tep5 for the prevention and dttertion of Iraud and other irre8ularitlC5. The Management Commitee ale responslblè for ihe ma5ntence bnd integrily ot the ¢hafity and the financial informjlion included on the chaiitles website. Trustees and oHlcers The tiusiees and olliceis Sern1 durin8 the year and slnce the year end wer¢ as follows: Trustees- Rebecca Monro-sabaiie lappointed 19 Aprll 20231 Claudi) 0'8rien Ai5ha S¢oti lappdnied 19 April 20231 Helen Warner Amy Davles, Treasurer Iresl8ned 19 Apill 20231 Meredlih Gib50n Iresi8ned 19 April 20231 Nlchola Lrsa Hardy Iresllned 25 July 20231 Eleinor O'Leafy Ireslgned 25 July 10231 Katinka Sze8edi liesl8ned 19 April 2023} Ch•ir: Rebecca Monfo-sabatie loppointed 19 April 20231 Nl£hola Lisa Hardy Ireslgned 25 july 20231 Page 6
818 Red Bus Club Trustees Report StatèmÈnt of tru5tees' rÈ4ponslbllltlos The Irusiees Iwho ale also ihe direcictrs o181& Red 8us Club lor ihe purposes ol company lawl are responsible for Preparing the irusiees. rèport and the financial statemenis in aCCOfdance wilh applicable law and United Kin8dom AccotsntinE Standards Iunited K1nEdom Generally Accepted Accounting Practicel, includln8 FRS 102 "The Flnancial ReFiorting Standard applicable in the UK and Republlc of IrÈl3nd' ThÈ report and accounts have been prepared In aceordan¢e with the prt)visions in the Companies Act 2006 relatin8 io small compantes_ Company law requirès ihè trustees to prepare financial stsiements for each financial year. Under company law the trustees must not 3pprove the financial st8tefflents tsnless they are 58l+sfSed Ihai ihey give è ifUÈ and lair view ol Ihe state ol aflairs ol the ¢hariiable company and of the incoming resources and application of resources. including it5 iniome and expenditure. of the charitable company lor that period. In preparing these lintntial statements, the Iru51ees are reguired io.. Select siijtable accounting polScie$ and apply them consistentlv.. observe the mothDds and principles in the Charitieg SORP; make judgements and estimates that afe reasonable and prudefit- State whethEr applicable accounting 5tandard5. compir5ing FRS 102 have been lollowed. 5ubiett to anv materkil departures disclosed and oxplained in the lir¢?nciJl 5tatefflert5.' and repare the financial siaiemeiTris on (he going (oncern basis unle55 It is inappfopriate io presume thal the chafiiable tompany will continue in business. The irustees are re5pon51ble for keeping pioper accovrtting record5 that can di5c105e with ieasonable 3CCLFrary at any time the financial p05iiion of the charitable Company and enable ihem to ensure ihat ihe financial 51atomonts comply Wilh the Companies Aci 2(K)6. Thev are also r¢sponsible for Safeguarding the assets ol the chariiable compan¥ and hence lor taking reasonable step5 for the prevention and deteclion of fraud ané ¢iher irfegularliies. The trusiees ale responsible for the tnaintenance and integrity of the corporate and lin4ncial in10rallOn included on the charitable company's website. Legislarion governtng the preparation and d1$5eminatlon of financial statements may differ from le8islation in other juri5dclion5. 5mJll companies provlslon statement This feport has been Prepared in accordafftce with the small companies fe8ime under the Cornpanie5 Act 2tsJ6. The annual reporl wa5 approved by the Iru5t£e5 01 the charityon 27 November 2024 and signed on its behalf by: Rebecca Monro-sabatie Chair and trustee Page ?
Big Red Bus Club Independent Ex¥mlner's Report to the trustees of Blg Red Bus Club {'the Cornpany'l I rcport to the Charity trvslees Iwho afe also Directors for ihe PUfPOSÈ of compary lawl on my examination of the accounts of Iho Big Rod Bus Club I'the charitable companVI for the year ended 31 July 2023 whtch compfbse ihe Statenni of Financial Aciivitles, the Ba13ncc Sheet and related noies. 10 26 This report 55 made solely to the charily'5 Irustees, as a body. in accoidance with sertion 145 of the Charities Act ?011. My work has been underiaken so thèt I mi8ht siaie lo the chariWs trustees those malters l am required io state to them in this reporl and for no other purpose. To the lullest extent permitted by law. I do not accept or ssume responsibllity to anyone olher than the Chafity and the charits trusiees as a body l¢f my worl for ihls reporl, or lor the opinions I have lormed. lesponslbllttles and basls of report s Ihc charity's Irusteei Df 818 Red Club you are responsible lor ihp preparatiorh of ihe acccwnts In accordance wilh thè requlrements of ihe Comportlos Act 20061'lhe 2c6 Act'l. Havin8 5a1151ied myself thal the account5 of Big Red Bus Club are not reoulfed to be audited undey Part 16 of ihe 2006 Aci and are elillble lor IndEpendcnt cxamination, I report in respect of rny examlnètlon of your charity's account5 a5 carried ou¢ under 5e¢iion 14S ol the Charitles Act 2011 1.thc 2011 Act'l. In carryin8 Qut my examination I have folkiwed ihe Directions Riven by Ihe Charily Commission under section 14515llbl ol ihe 2011 Aci. An independent examlnatlon doos n¢t Involve gèlherlng all evldence that would be requlred in an audit •né ton5equently doe5 not cover all the matter5 that an audltor considets Sn 6lvlng ihelr oplnlon on the flnancial statements. The plannln8 and conduci ol an audit 8oe5 beyond ihe Ilrniied assurancc thai in Indopendent examination can provlde, Consequently l express no oplnion as to whether the financlal statements present a 'true and lalrf vlew and my rep)rt Is Ilrniiod to those spetlflc matt¢rs sèt out In tho Indepèndent èxamlnerfs stalomont. Indep•nd•nt ox1rnlng1 5t•t•m•nt I have compleied my eKamiNaiiort. l ¢Jnfiim thèt no matters have come to my attention In nAeci1n wilh ihe eiaminatioll living me cause to b•llev•'. atcouniini rtcords were noi kepi in fespeu of Big Red Bus Club 85 require(J by section 386 01 the 2CQ6 A¢i.' or 2. the accounts do nrjt accord with ihose fecords,. ¢Jr 3. the accounts do not comply wilh thc a¢countSn8 requliements of section 396 of the 2006 Act other ihan any reoviremenl that the ac¢ouni$ 8ive a 'irkte and laif Vlew, whith is not a mèiiÈr tonsidèred as part of an independeni examina140n', or 4. Ihe accounis ha¥t not been prepared In accordance wlth the methods and principles ol ihe Siai*mÈnt ol Recurnmended Pracilte lor ac¢ountln8 and reporting by charitles appllcable to charleS preparin8 th¢tr at¢)unts in accordance wilh the Financial Reportint StèTrdard appliCae In the UK and Republic of Ireland IFR5 1021. I have no concerns and have come across no oiher matters in ¢rJnnertion with the examinatson to which attentlon should be drawn in thls report in order to enable a proper understanding ol the accounts to be reached. Pa8e 8
Biz Red Bus Club Independent Examiner's Report to the Irustees of Bi8 Red Bus Club {'the Cornpany,) Tim Sullivan FCA Fièld Stslllvan Limiied 9 Hare & Billet Road 3lackheath SE3 OR8 Daie.........,............,........ Page 9
Blg Red Bus Club (Registration number: 081321701 Balance Sheet a5 at 31 July 2023 2023 Z022 Nate Fixed assets TanÉible assers li 383 Cuirent assets Oeblors 12 4,255 23,143 1,578 53,032 Cash at bank and in hand 13 27.398 S4.610 Cr•dltors: Amounts lalllng du• wlthln ont y?ar 14 12.OJ51 15,039 N•t curi•ni ass•ts 2S.383 49,571 N•¢ •ss• 25.383 49.954 Funds of th• ch•rlty: R•sirl¢t•d Incom• lynds Resiri¢ied lunds 21.416 1,244 Unrestrlded Incom• lunds Vnr¢strirted funds 3,967 B,?10 Tot•1 funds 16 2S.383 419,954 For the linanclal year endin8 31 july 2023 ihe charity wa5 entltl*d io exemptlon frorn audh under Sectlon 477 01 the Cornpanies A¢t 2006 relaiing to small companie5. DireOr5, rtsportsibililies.. The members have noi required the charily io ¢bi8in an audit ol ils accounts for the year In question In accoidante with 5ectlon 476.. and The directors acknowl¢dg¢ their respoDsibililies for complySnK Wlth the requifements ol the Act with re5PCrt to accounting retords and the preparaiion ol accovnts, These linancial statements have beert prep8red in occordance with the special provisions relaiint to ¢ompanits svble¢r to the small companies gime wlthin Part 15 ol ihc Companies Act 2006. The notes on pa8e$ 13 to 26 form an inte8ral part of ihese Tinanclal statomerts. Pa8c 11
Big Red Bu5 Club (Registration number: 08132170) Balance Sheet as at 31 July 2023 The financial sEatement5 on pa8e5 10 10 26 were approved by ihe iivsiees. and authorlsed for iSSLte on 27 November 2024 and signed on their behalf bv: Rebècca Monro.Sobatie Chaif and trustee The notes on page$ 13 10 26 form an integral part of these finan¢lal statemenis. Pa80 12
818 Red Bus Club Notes to the Financlal Statements for the Year Ended 31 July 2023 I Chorlty stolus The charity Is limiLed by auaraniee, Incorporated in and nsequentlY does not have share capilèl. Eè¢h ol thè trustees is liable to contribute an arnount not excerdin$ £1 towards the assets ol the charlty in ihe event ol liquidation. The address of ils re8islered ollice 15: Clockhouse Communiry Centre Dèftante Walk WDolwiLh Oockyard London SE18 SQL These Iinan¢lal stitcment5 were •uthorSsed lor lsjue by the trustees or+ 27 November 2024. 2 Accountln¥ pk)Ilcles Surnm¥ry of $18nlflcant accountln8 pollcl•s •nd key accountlng e5tlmate5 The Pfincipal accountin8 poIiiic5 applied in the preparaiioii ol ilie5e linanclal statements afe set Qui below. These poIicio5 have been con515tently applled 10 all iho years prÈsontod. unless Ctherwi$e st•ted. St•tement of complln¢• The flnancial statemen1$ havo l>ocn prepared In accordante with A¢countln8 And Acportini by Ch•rttles.' Siatcment of Recommended Praciice applicablc to chafltie5 preparing Ihelr accounrs in accordance with the Financial Reportln8 5iandard applicable in the UK and Rèpublic ol Ireland IFRS 1021 leflertive I january 20191 (Charities SORP IFRS 1021 Setond edilion ottobef 20J91, the Financial Reponin8 Standard applicable in the UK •nd Republic of Ireland IFRS 1021. They also comply with ihe Comp•nles Aci 20C6 and Charlti•5 Act 2Qll. Basls of prep•r•tlon 818 Red 8u5 Club meet5 the definitity) of a public beneflt entlly under FRS 102. A55ets and Ilabilitles are Inltlally r?coKnised at h1510rical c051 or tranyction value unless oiherwi5e 5taicd in the iel¥vanl ouounting polKy notes. Golni ¢on¢e The trustees consKl•r th•1 ihert are no maieiial unceriairblie5 obout the chority's abllY lo coniihue as a 8Olng concern nor ars¥ 5iAnili£ant areas ol uncerra5niy that affeti ihe tarryin8 value o1055ets held by the charitv. Ememptlon frorn prepirln¢ • cash flow 5t8tement Th¢ charity opted to early adopt Bulletin I published on 2 February 2016 and have thercfore not intluded a cash flow statement in ihe5e financial statements. age 13
Blg Red Bus Club Notes to the Flnancial Statement5 for the Year Ended 31 July 2023 Judgemenis and k•y sources of Èsilmatlon unctrtalnty In rhe application ol ihe charliS ac£ountinR policies. Ihe dlrectos afe reouired io make jud8emenis, e51imaies and assumptions about ihe carryin8 amount ol èssèis and liabililies thai are noi readil¥ appareni Irom oiher sources. The estlmales and a55oclated assumption$ are based on hlstorical expeflence and other faclors that are consideied to be Televant. Actual results may dlffer Irom rhese estimates. The e5timaièS and underlying assumrktions are reviewed on an on6oin8 basSs_ Revlslons to accotsfttln8 estlmale5 are reco8nlsed in ihe periods in whi¢h ihe esiimaie is revised where revisions allects only that peri. oi in the period ¢1 ihe revisk>n and lulure pericds where the revlsions affects both curnent and lutufe periods. Incom• and •ndowm•nts All income is rcco8nised once the Chailty has entltlempnt to the Income, It Is prob•blt that the Income w115 be received and ihe amount of the Income recebvaèle can be measured rellably. Dort•tlons ond leyotle5 Donatlons are reco8nised when ihè charity has boen notifivd bn wrltlng of both tho arnount and settlernont dale. In the event ihai a donation is subject io conditlon5 that require a level ol perlormance by ihe charity before ihe tharity is enlitled lo Iho fvnds. Ihe Intorne is deferred and noi re¢o8nised unlil either ihose condlilon5 are fully rnoi. or the lullilment ol those condilions Is wholly wiihln the control ol the Charity and It IS Pfobable ihai ihese condltlons will be fulfilled In the rcpoitin8 perlod. Grontj re¢elvoble Grants are fe¢o6ni5ed when ihe charlty ha5 an entitlcment lo iho funds and any conditlons Ilnked to the irants have been met. WhErc pcrformance conditlons afe attached to the grant and arc y¢t lo b¢ mct. thc incomc 15 feco8nised as a liabilliy and included on the balan£e sheei as deftrrtd inctsmo lo be roloasod, Investment lftcome Dividend$ af• rtcognlsed once the divid•nd has b•en dtclareé and noiifOca16¢n has beefi re¢elved ol the divldend due. f¥ndItre All oxperidilure Is reco¥nlsed once there Is a le8dl or Constructlve obli8atlon to that expendlture, 11 Is probable seiilement is required and ihe amouni tan bt mèasured reliably. All costs are allocated to Ihe applicable expenditure headin8 Ihal a88r*8aiè 54mSlar costs to thot caiegory. Where cosi4 ¢annoi be directly altributed io porticulor headin8S they have been Jllocaied on a bèsis ¢onsisieni wilh the use of resourtes, with central 51411 C041s allocated on the basis of lime speht. ènd depreclalion char8es allocaied on the portion ol fhe asset's use. Other support Costs arc 4llocoted based on the spread ¢f staff c05ts. Chorltttble octlvltle5 Charitable cxpenditure compf15es those costs incuffed by the tharity In the delrvery of its activitlQ5 and services lor its beneli¢iarles. It inclu£tcs both c0515 that can be allocated dirortly to such activities and those (osts of an indirect nature necessaryio support them. Page 14
Big Red Bus Club Notes to the Flnancial Statements for the Year Ended 31 July 2023 Support costs Support cost5 include central fvnttlDns and have been alICted to aclivily cosl categories on a b3515 con515tpnt wilh Ihe use of restsurtes, for example, alloling properly COSES by floor area5. or per capita. siafl costs by the time spent and oiher cosis by their usag•. Tixallon Tho Iharlty is considered io pass the tests sel ovt Sn ParaÈiagh I S¢hedule 6 01 the Finance Act 2010 and iherefofe it meeis ihe delinition ol 4 ¢haritablo company for UK (orporation tax purposes. Actordin8ly, Ihe chaiity Is poteolially excmpt Irom taxation in respect ol income or capital 8a5ns received wilhin categories ¢ovèred by Chapter 3 Port 11 of the CorpDrotion Tax Act 2010 or Section 256 01 the TaNaiion ol Chargeable Coins Aci 1992, t the extent thèt such Income or 84in5 Ire applled exclusively to tharltable purposes. Tinilble flxtd assets Individual fixod assets ¢05lln8 £250.CQ Of more are inlilally recordèd at cost. less any subsequeni accumulaied depreclaiion and SubsUCnt accurnulaled irnpairmeni ltssses. Deprnclatlon and amortlsatlon Doprociation is provided on lan¢ltsle tixed assets so a5 to wrlle off the cost or viluJtloD. less any esiimat¢d resldual value. ovef thelr expected useful economic Ilfc as follow5-. Asset cl•is Furnliure and equlpment Depre£latlon m•thod ind r•le 25% 5tf•l8ht lirte Trade debio Tradè debtor5 are amounis du• Irom cusrom•r5 lor mtichandise sold or 5eryi¢os p•rfermed in the ordlnlry tourse of buslness. Trade debtors are recogni5ed Inltlally at thè transaction prlce. Thcy are 5ub5equently measvred ai amoniscd tost sln8 the effedive Interest meihod, le55 provlsion for impairment. A provislon lor the impalrmenl ol tradE debiois 13 establlshed when th¢re bs objective evlden¢e that ihe ¢harity wb11 not be able tc collect all amounts due according io the ori8inal terms of the recefvable5. C•sh •nd t•sh equlvalents Cash and Cash eouivalenis comprlse cash on hand and call deposSts, and other short.ierm hlRhly liqu¢d ifivesiments Ihat arc rcJdily convertible io a kncwn amount ol cish and arc subject to an ln5i8nilicant fisk of change in value. Page 15
Bl£ Red Bus Club Notes to the Flnanclal Statements for the Year Ended 31 July 2023 TridÈ tredltors Trade crediiors afe ob15gation5 lo pay For good5 or sv.rvicps that hHve been acquired in the ordinary course of business liom suppliers. Accounls payable are classilied as currenl liabililies il the charily doe5 noi have an unconditional riEhi. ai thè end ol the reporting period, to delef settlement of thÈ crèdiior for ai least Iwelve monihs after the reporting dèle. 11 there 45 an vncondlrional right io defer settlement for ai least twelve months after the reportlll4 date. they are presented a5 non-current liabilitle5. Trade creditors are recoinlsed initSally at thc tran5a£tion price and svb5equently measured at amorlised Eosl usin8 th2 elfertive interest method. 6orrowlnis Interest-beacin8 boir¢)wlngs are hr+lllally iecorded at lèlf value, net of transactlon costs. Interest-boarln8 borfowlngs are subs¢qvcntly carrled at amortlsed cost, wlth the dlfference between ihe proeeeds. nEt of transactSon cosis. and ihe amount duo on rcdomption beln8 reco8nised as a charge to the Statement of Flnancial Acisvities over ihe perd ol tho relevani bofrowing. Inierest expense is reMgnised on the basis o( the ellective interest method and Is included in inieresi payable and simllar ¢hir8e5. 8orrowings are classifled as Cufient liabilillc5 vnlcss the charlty has an uncondltional ii8ht to defer settlement ol thc li)blSily fof at least twelve monihs alicr ihe rcportln8 date. Fund stru¢tu Unrestricied incDme lunds arè 8èn•ral funds that are available for use at Ihe ¢fUStees discreiion in luriheran¢e ol the oblocilves of the charlly. Restrlcted income fund5 are those donated for use In a particular area or lor spgciftc purposes, the use ol which Ss ro5trictod to ihat area oi purpose. Pensbon$ and other post retlrement obllgatlons The charity operales a defined benelii penslon s(heme.Typlcally defined b•nefii plans delTrn an amount ol pension benefit that an employee will rereive orn retirement. Usually dependent on one or mofv la£tOW5 such as ¢e. years ol service and compensatlon. The liabilltw reio8nised in the 8alance Sheei in respeti ol deflned benefil pension plans is the preseni value ol ihè dellned benelit obligatlon at the feportin# date mlnu5 tht fatr value of plan asseis. The defined benelli obll8atlon Is measured using the Pfojecled unlt credit method. The pfeseni value ol ihe dèfinéd benelil obllAatSon Is determine4 by discouniini the esttmated fulufe paymenis by reference lo market yields ot the reporting dale ort hi8h-quality corporate boftds ihat are denominated in the currency in which the benefits will be paid. •nd that have terms io maturity approximating to Ihe term5 of the related p¢n5ion li3bility- AciLarial 8aln5 and 1055e5 ore chaiged or credited to other comprehensivo income In the period In whlch ihey arise. Page 16
8lg Red Bus Club Notes to the Financial Statements for the Year Ended 31 July 2023 3 In¢om• from donatlons and leR•cI•s Unre5trl¢ted lunds General Restflcted funds Tot•1 1023 Total 2022 Oonatk+ns ènd logacies.. L&Q Appeals and donatlons G¢8nis, includin8 CJPltal 8rants,' Governmenl grant> City Brid8e Trusi A5da co.op Foyle Fwndillon P05tcode Lotlery Ward 8ud8et Greenwlch Charitabl¢ Trust The Hilden Charitable Fund 853 533 533 3,773 3.403 7,375 1.247 10,850 2,310 1,578 s.otr) 8.579 4,530 15.646 5.854 s,0 8,579 4,530 15,fA6 io,cK)o 35,c(¥) Groater London Auihorllv South East London Mind Royal 8orou8h of Greenwhlch Children in Need 4,590 8,985 33,000 4.146 35.cfvX) Tudor Tfusi 39,679 39,609 79.288 83,464 Page 17
Bl8 Red Bus Club Notes to the Flnanclal Statements for the Year Ended 31 July 2023 4 Income Irom other Iradlng •dlvltles Unrestrlrted lund5 Gener•1 Total lund$ Total 2022 Renièl incom• 6,719 6,719 2,198 6,719 6,719 2,198 5 Invstm•nt Income Ufireslrittgd funds General Total 2021 Tot•1 2022 IntErtsi recelvable and similaf income: Interest retelvable on bank dep05i1s 84 6 oihr Sntome Uhr•strlrted tunds Generil Tot•1 1023 Tot•1 2022 Fees and $upplles Other Income 2.155 1.330 2,15S 1,330 3.485 3,485 1,707 Pige 18
Blg Red Bus Club Notes to the Financlal Statements for the Year Ended 31July 2023 7 Expendltur• on tharltable ictlvltles Total 2023 Total 2022 Note Staff ro5t5 Support cosis Proj¢ct expense5 Volunieer expenses Prn11n8. posiage and siationery Andries 83,963 11,893 14,489 2,553 149 80,614 7,719 8,174 373 770 Marketin8 and publkity Publicity and Fundralsirtg 70 537 240 35 114,127 97,453 • Stsff costi Tho a88fe8aie PByioII costs were as follows.. 2023 2022 Staff ¢osts durlng th y•ar w•r•: Waaes ènd salaiies Social security C05ts Penslon cosi$ 79,852 11,Q221 2,430 2,703 77,316 1,925 1,189 184 Oiher siall costs 83,963 80,614 No employee received emolumenls of mwe ihon É60.ofM) dufin8 th( year. Pagc 19
Blg Red Bus Club Notes tothe Flnanclal Statements forthe Year Ended 31July 2023 9 Analy$15 of support tosts Total 2023 Tot•1 2022 legal and prolessional Depreciation ol olfite equipment Prem15e5 Costs 1.320 383 383 729 813 Reni 2,474 534 Insuranco General maintenince 2,120 1.726 158 936 Tolophone and lax 01r e¥pense5 Compuier software and malnienance Research and dovelopmenl Independeni eiaminO1ion Bank char8es 3,432 65 1.680 26 1,746 639 11,893 7,719 10 T•xatlon The charily is a r*ilsiered charlty and Is th•relore exempt from taxatlon. Page 20
Bl8 Red Bus Club Notes to the Flnancial Statements for the Year Ended 31July 2023 11 Tanglble flxed •ssets Furnltur• •Ad equlprnent Total Cort AI I Au8USt 2022 3,653 3.653 Al 31 july 2023 3.553 3,653 Oeprtrlatlon At l Au8usI 2022 Chargr for the yeaf 3.270 383 3,270 383 Ai 31 July 2023 3.653 3.653 N•t book valu• At 31 July 2023 At 31 July 2022 383 383 12 Debtors 2023 Z022 Atcfued income othor debtors 1.578 4,255 4,255 1.578 Page 21
Bi8 Red Bus Club Notes to the Finan¢lal Statements lor the Year Ended 31 July 2023 13 C•sh and ¢•sh •qulvalenis 2023 2022 Cash on hind Cash èt bank 671 22.472 53,032 23.143 53,032 14 Cfedltoys: 4mounts l•llln8 du• wlthln on• y•ar 1023 20ZI Olher taxation and social securliy Other credrtors 3,074 285 1,680 269 1,746 Accruals 2,015 5,Q39 IS Penslon and othei schemes Dellned conttlbutlon p•n5kn sch•m• The charlty opeiates a deflned coniributlDn pen51on schemo. The pension cost char6¢ for the year rekvesentg <ontfibyt*ons payable by the ch•rlty to the scheme and amounteil to £2,43012022 - É1,1891, Contributions toialllng £1269112022 . £128311 were payable to th• scheme •¢ ihe end ol the year and are In¢lud¢d In cr&dilOIS. Pa8e 22
Blg Red Bus Club Notes toihe Flnan¢lal Statements foT ihe Year Ended 31 July 2023 16 Funds Balance at I Auiurt 2022 In¢omln8 resources Resour% expended Balanie It al July 2023 Transfers Unr•strlct•d funds General Gèneral Funds 8,710 49,947 154,4151 12751 3,967 P•strided lunds Tudor Trust 16,407 11,3051 220 116,407 Sports Fn8land Greenwich Charitable Trust Children in Need True ColoufS London Fundeis CSty Bridge RBG- Innovatlon Fund 667 16381 220 3,711 4,165 15541 11781 10,984 5.385 294 5.854 16,3081 SS4 178 111,0481 13,8441 12801 1641 1,5111 14 Asda Co-op Foyle Foundatlon Gre3ter London AuthoTItv Ward Budiei LG Mind 1,124 s,ooo 11,1241 15,5011 16.Cl)11 15011 2.578 12981 562 1.750 14971 13.038 8.579 12981 4,530 s,cK)o 2,608 13.038 13,9681 13.2501 13.1051 Hilden Charitabl¢ Fund RBG- VCS RBG . Tollet khemt 41.244 59.712 275 21.416 Total lund5 49,954 89.556 114.127 25,383 P8ge 23
Big Red Bus Club Noles to the Flnanclal Statements for the Year Ended 31 July 2023 Balance at i Aususf 2021 Irscomlni resourtts Resources eJ(pended B4lanceat 31 July 2022 Tran5feTS Unrestrlcted funds Generol General Funds 5.530 18,612 116,0591 627 8.710 Re5trlcted funds Tudnr frusi 21,277 3.084 143 33,OfXI 139.7711 4.3891 12.0161 4.8201 13.7121 15,8851 1.9Ji 16,407 11,3051 220 SporL EnBlèn Greenwich Charltable Trust Chlldren In Need True Coloucs 1.578 8.985 515 d.165 15541 2,798 311 360 4.721 L&Q London Funders 853 11781 14.179 12.810 11781 10,984 5.385 City 6ridie Royal 8orouBh of6reenwlch MRC JRS Asda 7,375 4.590 3,403 5Crf) 110,5701 17,2941 14.7211 13,4031 12061 11231 294 co.op Foyle Foundatlon Ward 8ud8et 1,247 1.124 s,0 12981 2,310 12.608 511,4241 81,394 627 Toill funds 59,954 87,453 97.453 49,954 Pag¢ 14
8ig Red Bus Club Notes to the Financial Statementsfof the Yeai Ended 31 July 2023 The SPÈCifit purposes for which the funds are to bc applied are as follows: Tvdor Trust- Funds CEO p05t togetherwlth the office costs and cosis noi Covered by projects Sports England- Funds 'Lar8e and Leggin8 It, running group reenwhich Charitjble Trusi Funds '8aby Rlues Choif 5¢55ion5 Igr mums with p05tnatal depeOnI20]9 - 2020 fuTrdln81 Children in Need. Funds'play plus Group, lor childien wilh additional need515taried Feb 20221. Truc ColovT5. Funds towaids salaries and core costs Lt)ndon Funders- Funds Stay & Play, for period March- June 2021 with overspend of £178 City Bridge- Fundin8 for thc'speak Up. pfojeci as well as iho'ESOI' project Royal Borough of Greènwich - Funds for tho'comrnunity Inntsvalicn. programme Asda Found3tion- To cover co#s for Ihe Jubllee Party Foyle foundation- Fvnds toward5 '5tay and play. 5e55ions for under flves Greater Lcdon Auihoriiy - Fund5 toward5 the '8uilding Strong Communitie5 . SupportinR Volunieers. Supportin8 Fomilios, project BLG Mlnd- Funds for the'Equaltty Fund, programme Hllden Charitablt Fund- Toward the salary and artivify costs of the Ukfainian playgroup R8G . VCS . Funds From Royal Borough of Gieenwich Council 10 Pfovide support to chtldrÈn and youn8 people wkih ASD and AOHD and iheir lamilies R8G - Toilet Scheme- Funds from Aoyal 8orov8h of Gfeenwich Council for toiles refurblshmont Page 25
Bi8 Red Bus Club Notes tothe Flnancial Statements forthe Year Ended 31 July 2023 17 Analy5 of net assets between funds Unrestrl¢ted lund5 General Tolal funds at 31 July 2023 (tt5tiicttd funds Current a55el5 5,982 12,0151 21.416 27,398 12.01$) Current liabilities Toral net asseis 3,967 21.416 25.383 Unrestrlcied lund5 General Total funds at 31 July 2022 ReSttted lunds TanKible fixed a5seis Current assets Current liabilities 383 383 13,366 5.039 41,244 S4.610 5,039 Total net assets 8,71 41.244 49,954 18 R*l•ted p•rty trar1ctIonS There were rx) relJted party trans•¢tions in the year. Pase 26