Blg Red Bus Club (INCORPORATED) (Llmlted by guarantee) rrustees, Report and Flnanclal Sratements Period Ende 31 July 2024 Company Number 08132170 England ar Wales Charity Number 1170704
Big Red Bus Club IINCORPORATEDI Limhed by guaran1•• Pa eNo Legal and adminlstrative Infomiatlon Trustees. Annual Report 10 Statement of Trustees. Responslbilities 11 Independent Exarniner's Report 12 Statement of Financial Actlvities 13 Balance Sheet 14 Notes formlng part of the Flnanclal Statefftents Page 2 of 12
Blg Red Bus Club (INCORPORATED) Llmited by guarantee Legal and administrative Informatlon Board of Trustee51Direclors Maryann O'connor {Chairl IApp)inted 17 October 20251 Tetiana 8ohomazova (Appointed 17 October 2025 Rebecca Monro-5abatle Claudia O'Brien Ai$ha kott IRe518ned 17 ¢ktober 20251 Helen Warner Resistered Offlc• Clockhouse Cornmunity Centre, Defiance Walk, London, SE18 SQL Company number 12570232 England and Wal•s charlty number 1189215 Independent Examlner Aplus Accountancy Llmlted Bankers HSBC plc Pige J of 22
Big Red 8us Club <INCORPORATED) Limited by guarantao Trustees. Annual Report for the perlod ended 31 July 2024 Purpose The objects of the charfty are to enhancc Ihc we1lb.ng, development and education of chlldrcn, thelr farnilles and caiers by encouragin8 parents to understand and provlde for the needs of thelr children through communlty groups and by: (I I PfovidSng a range of appropriate play. educalion, recreation and training servlces, thai address and support the needs of rhildren, their lamilles and their carers with a specific reference to parents and carers to became involved in the activities of such groups, ensuring that such sroups olfer opportunitie5 for all children whatever race, cuiiure, religion, sexuality, sender, means or ability. arml (21 To provide a range of Inlorrnatlon, advlce, support and guidance services that encourages the study of the needs of children and their families and promoting public interest in and recognition of such needs. Constltutlon Big Red Bu5 Club a charitable company limited by guaiantee, Incorporated on the 7 July 2012, and a registered charily. The cofflpany was established under a memorandum of a550ciation which esiabllshed the objects and power5 of the charitable company and Is governed under It5 Articles of A55(Kiation. In the event of company being wound up each member of the Board is reqthred to contribute an amount not exceeding 110. The Charlty memter and artlcles of a550dation were amended In 2020 and the Charity Is governed by Its Management Committee elected annually by Charity members at Its Annual General Meeting. The Management Committee should be no less than six members and the Mana9ement Commlttee has the rlght to co.opt members, to be ratified at the next available Annual General Meetlng. At the termly Management Commlttee meetlngs, Commlttee members agree Ihe bfoad sirategy and areas for activity, including innovativc and creative ways to coproduce cornmunlty based hollstlc programme5 in the furtherance of the Charitie5 aims and objectives. The Management Cornmlltee ha5 a terfflly Finance subcomrnlttee whlch scwtlnlses in depth the finance, prernise5 and human resources lunctions of the organisation and provides SUPPOrt and guidance to the wider commitiee on these areas of the charity s activities. T day.to.day activities of the Big Red Bus Club are delegated to the Chlef Executlve Offlcer. On appointment to the Management Committee trustee5 sign a model tnJstee declaration, which includes a conflict-of.Interest detlaratlon and are provided with trainin8 and support ol Safeguardin8 and the Roles and Rryionsibilitles of bein8 a twstee. ALI Management Committee Members give Iheir time freely and no Committee Members were paid remuneration In the year. Detalls of any Trustees, expenses are disc105ed In the note5 to the accounts. Management Committee Members are required to disclo èll releyanl interests and register them with the Chief Executive and in accordance with Big Red Bus Club Management Committee Conflicts of interest policy. Prlnclpal actlvltle5 The Board of Trustees presents its Annual Report and independently examined Finan(ial Statements for the perfod ended 31 July 2024 which are also prepared to meet the requirements for a Directors. Report and Accounts for Companies Act purposes. The financial statenRnts comply wlth the Charities Act 2011, the Compartfes Act 2006, the hlemorandum and Articles of Association, and Accounilng and Reporiin8 by Charltles: Statement of Recommended Pracllce applicable to charities preparfnq thelr accounts In accordance wlth the Financlal Reporting standards applicable in the UK and Republic of Ireland (FRS 1021 eflective from 1 January 2015. P•sp 4 ol 22
Big Red Bus Club IINCORPORATED) Llmrted by guaranta• Trustees. Annual Report for the perlod ended 31 July 20Z41continuedJ Revlew of the perlod and future actlvitie5 Stay and Play . Volunteér pro8rafflme The pu(pose and core servile of the 618 Red Bus Club Is to dellver Our free, volunteer run. daily, term tlme stay and play sessions for children under five and thelr families. Our speclally trained team of volunteers provide a range of edatIonaL and play activltles daily and provlde a chance for families to rneet and socialise. The Big Red Bus Club could Trjt stay open w(thcwt Ihe support of our incredlble volunteers so we offer a wide. compreheThsive and Iran5ferable training package whlch underpins all of the work we do at The Big Red Bus Club. The Bi8 Red Bus Club Tb¥as able to move into 202312024 with a Strong team on volunteers, who were able to take ownefShlp of running wr daily stay and play sesslons. High volunteer relentlon meant that we were able to offer additlonal Iraining, including 7 VolunteetS taking the opportunlty to extend their Makaton training and undertakc Levcl 2, whlch has bcen a real a55et to 618 Red Bu5 Club famllles, partlcularly for those wlth communicatlon challen8e5. 50% of our uscrs state that they use our 5ervlce due to It belns free, somethin8 that would noi be p05s1ble to offer without our irKredible volunteer tearn. 176 Stay and Play sesSIIXIS Over 7CK) Volunteer hours 1 I stay and play volunteers reLiined or recnjlted and tralned Se55lon5 were attended by famllles Irom over 35 countrtes of 0rf8ln Over 65% of users attended to help iheir chlldren make friends 4 Volunteers moved into efflploymenl or Jelf.employment Speak Up ESOL Serylce Speak up, our under flves playgroup for famTlles with English as an additlonal lanquage, 6s funded by Clty Bddge Foundatlon. The alm of the group Is to provlde support to ihose who face barriers accesslng fomial ESOL provisloti where children are welcome alonqside their adults. A tralned ESOL tutor alon8slde a play vffjrker are In each session to support the family as a whole and provide opportunilie5 to practice conYer5ational Enqllsh. We continue to see a slgniflcant number of Ukraln7an members uslng this seryice. Ukralnlan Stay and Play Our weekly Ukralnian stay and Play sesslons provlde a welcomin8. Ukralnlan lan8Ua8e stay and play sesslons. Without further funding, The Big Red Bus Club has partnered vfith New Arrivals Support CIC to ensure that sye are able to main(ain a Ukrainlan Speaking Play Worker in all sessions. We thank Ihem for their incredibly erous SUPPOrt. We have been able to run 36 term time weekly sessions, wlh addilional sessions runn5ng in school holSdays, Including Christmas and Easter celebralions. A highllght of the service was being wsited by Ihe Japan Local Government Centre and dclcgates of CLAIR Icouncils of Local AULtrn[leS for IniÈrnaiional RelaiicthsTr io discuss co.pmduction workins and doveloping services that users need. Paqe 5 of 22
Big Red Bus Club (INCORPORATED) Llmltod by guarantee Trustees, Annual Report for the perlod ended 31 July 2024 {contlnued) Revlew of the perlod and future actlyllles Play Plus Play Plus, funded by BBC Chlldren in Need, is our weekly sesslon for any children, under 5, needing supporl with Iheii development. Our Play Plus provislon is a wlnt of referral from other local children centres. Our lknkaton traIr session staff have particular stren8ths in supporting Speech and Language development and supportSng challenging kehaviour. l)ur session leader is a Makati)n tutor and Is able to make appropriate referrals lo IaL Sch and Language serwces. Over the past year, sessions have been attended by 27 lamilles, of WI1 90% of chfldren had started or made slgnlflcani progfe55 acfOSS the year across the followlng outcomes: Increase the number of social contacts and Interactions With under five SEND peers & Support the child's wellbeing and fflental health through a range Df lun activitiÉs. Improve child development rhrough increased exposure to educational SEND actlvltles Strengihen child transition to fulure seltings through development opportunilies aThd exposure to a range of Comm1(atIon activities ND Power As we ended 202212023. we secured funding from Royal Borough of Greenwich to implernent a service for neurodiverse gTris. The Seice has been set up with the support of a Steering Group of older teens aged 16. 18, havc been able to have a Say at)oul what serwces rhey would have liked to see. They have t¢en involved in every scep of Ihe programme desi8n. including collaborating with how new Siaff should te interviewed for the role. The Service opened at The Clockhouse Communlty Centre. and has seen of attendees attend more than 5 sessions. Group users and the steering gfoup attended a Christmas trip The Queens House Ice Skating rink. We would like to thank The Clockhou5e Communily Centre for their kind (h)nation of room hlre. Moving into 2024125 The Big Red Bus Club will cont?nue to build on its values and principles: I I Capaciry bulldlng and empowerlng of volunteer5 21 SupkK)rting volunteets to identify and innovate around the barrfers to their wellbeing 3) Scaffold volunteers to deliver and lead on their solutions Although li ¢ontinues to be a difficult fundralsln8 envlronment, which our funding pipeline reflects, The 6ig Red Bus Club has secured funding from Awards for All to coniinue to develop our Yolunteer programme and offer additlonal training. Page 6 of 22
Big Red Bus Club (INCORPORATED) Llmitèd by guarantee Tf Ustees. Annual Report for the perlod ended 30 July 2024 (continued) Revlew of the perfod and future artlvltles (contlnued) Public benefrt The Tmstees ol Ihe Club, havfng iaken due regard of Ihe guidae issued by Ihe Charlly Commission on public benefit, are satislied that the work of the Club fulfiLs its charilable aims. which are for the wider public benefit. Internal Control: Board of Tru5tee5 The Board is ultimately responsible for the Club's system of Internal control and for reviewing its effectiveness. Hoyiever, the knrd recogntses that any such system can only manage and rt eliminate the risk of failure to achieve bLInesS objectives. Also, it can only provide reasonable and not absolute a55urance against any material misstatement or 105s. This system of internal control Is based on an ongoing pre$S designed to Identify and priorit15e any risks ro Ihe aChieveryt of Club policies. aims and objectives and aspirations and to eyaluaie the likellhood and Impacl of such risks being realised. The Board then seek5 to manage these efficiently. effectively and econornicolly. These cctrOl$ are designed to give reasonable assurance with respect to.. the reliabllity of flnancial inforfflatlon used by the Club or for p&)lication; the malntenance of proper accounting records; and the 5afeguardlng of a55et5 against unauth0ri5ed use or disposition. The Board considers that Ihe Chief Executive is rhe key management personnel of the charity. The Chief Execut?ve is in charge of directin8 and controlllng, njnninq and operating the Club on a day to day ba51S. Risk Management The 8oard has a register and a ty)licy statement which includes specific detailing of the Board's fesponslbllltles. Thls Includes an outllne of key risks and a schedule and actlon plan for carrylng oul of thal re5pon5ibility. The policy and the workings of the register are formally reviewed by the Board each period. The 8oard recogni5es that risk can never be eliminated entirely, however, in its financial dealings and its profflotion of its aims, the Club continues to manage any inevitable risk robustly and effectively. Consequently, the Board ol Trustees Is of the view that there is a formal ongoin8 proce55 in place for identifying, evaluating and rnanaging the Cltsb's significant nsks. This process has been in place and operational throughout ihe period. Ouring the past perlod. rhe Trustees rewewed the Risk Register in respect of contingency planning and to managing the risks related to any pjtential loss of capital assets. The key risks have been assessed and identified as: I l Recrullmeiii and retenlion of voluiileers 2) Small stall team results in people undertaking varied roles The above risks have been identlfled and revlewed. The Chief Executive reports back to the Board of Trustees and the minutes of these netings are made available to all Trustee5. Pase 7 0122
Big Red Bus Club (INCORPORATED) Llmtted by guaranteo Trustees. Annual R•port for the perlod •nd•d 30 July 2024 (contlnued) Internal control: Executive Committee The Board of Trustees has delegated day to day responsibility for reviewlng the adequacles of intemal controls and for maklng any appropriate afflendfflents to the Chief Executive. They are thereby restKJnsible for reporting to the Board any material weakness or breakthwn in internal control which may arise. The Chlef Executive and Trustees ackTh)wledges reSnsIbilitY for ensuring that an effeclive sysieffl of intemal control is maintained, operated and recorded by the Club. The 5tern provide5 reasonable assurance that assets are safeguarded, transactlons authorfsed, properly recorded and materlal errors or irregularltles are either prevented or would be detected within a timely period. This is based on a framework of regular anagement infomlation, administrative prtxedures and a clear system of delegation and accountabillty. In partlcular, this system ensures that: formal pAlcles are In place, IlUding rule5 relating to the delegatFon of authorities, which allow the nltorlnR of contfols and rescrict ttre unauthorised use of the Club's a55ets' experienced and suitably qualified staff take responsibility for Importani funcfions.. forecasts and budgets are prepared which allow the Boaid and management to monlror business risks and flnarKlal objectlves, and progress towards plan5 set for the period and medium terfft; all signlficanl new Inltlatlves, major iommitment5 and investment projects are subject to fom7al authorisation pr¢xedure5, through format relevant sub.committees comprising Board Member5 and others; financial and other perfoimances are mt)nftored re8uiarly w1lhln tIKb conlexl of the Club's Slrate8iC plannlng Includes attention to ensuring replacerrent funding as indlvidual pr¢jects approach thelr complet5on; and formal project management dlsciplines are adopted where appropdate. The Board has no reason to doubt that the financial informatfon presented to them is accurate and timely• taking into account all known factors. Fundraising statement 5eciion 162a of the Charltles Acl 2011 requlres charStles to make a Statement regardlng furKlralsing activities. Although we do not Lmdertake wtde5pread fundraising frorn the general publK. the leglslatlon deflnes fund raising a5 "soliciting or otherw15e procuring money or other properly for chadtable purp05e5.' Such amounts receivable, are presented In our account5 as "voluntary Income" and 5ncludes legacies and grants. In relatfon to the above we conflrm that all solldtations are managed Internally, wfthout Involvement of commerclal partlclpator5 or prole5sional fund-raiser5, or third parties. The day to day management of all income generation is delegated io the Executive Commiltee, who are accountable lo Ihe Trustees. The charity is not boLM)d by any undertaking to be tK)und by any requlatory scheme and the charity does not consider it necessary to comply with any voluntary code of practice. We have received no complaints in relation to fundraising actiwties. eur term5 of employfflent require staff to behave rea5Dnably at all limes., as we do not approadi Indlvidua15 funds we do not have to particularise this to fundrèlsin8 actlvitie5 nor do we consider it necessary to design specif1¢ procedu$ to monitor gjch activities. Page 8 of 22
Big Red Bus Club {INCORPORATED) Llmltod by guarantee Tru5tees' Annual Report for the perlod ended 30 July 2024 {contlnued) Flnancial Revlew Overall. the Board of Trustee5 15 satisfied that these accounts reflect the financial PillOn of the Clth durln8 the pertod. Income for the period totalled £83,641 12023: £89.5561. There was a decrease In trading activSti¢s and smaller decrease in other income, and a small decrease in grants. Expenditure for the perlod decreased by C51,758, malftly due to decreases of £40,888 staff costs, £5,289 support costs, C4,334 project expenses and £1 ,140 volunteer expenses. Overall for the perlod Ehe Club made a proflt of £18,140 (2023: proflt of £18,923I. Reserves pollcy The Club contlnues to alm to operate a pollcy of malntalnlng re5Cfves at a level to cover slx weeks operatlng ct5v7tie5 Costs which is assessed to be £7,17712023: C13.133). The General Fund balance carrSed forward ol £19,632 represents 16.4 weeks of costs12023.. 1.8 weeks). In Ilght of thls the Trustees belleve the Club'5 reseThes 4Y)sition to be satlsfactory and sufflcienl. Golnq concern The Club continues to appralse Its finaftcial sltU)IlM and to adapt Its buslness model accordlnqly. The Truslees have sct guldance that the Club should bisdget to Ineel all cominllmenls and obllgation5 to Its players and other stakeholders. They have prepared these ac¢ouniS on a goin8 concern basls and are liSfIed that there a sufflclent cash re5erve5 lo cover operatlons. Trustee5' Respon51bflitles Each of the Trustees Idireciorsl has confirffjed Ihar so far as they are aware. there Is no relevant Informailon ol whlch the company's Independent &aminer is unaware, and that they have takcn all tho steps that they QU8ht to have taken as a director in ordef lo become aware of any relevant information and to establish that the companys Indepdent Examlner Is aware of that infom)ation. y order of the Board Cha1r of Board of Trustees - Maryann O'connor Date: 4 March 2026 Paqe 9 0122
Big Red Bus Club (INCORPORATEDI Llmited by guarant•o Staternent of Trustees. responslbllltle5 for the period ended 31 July 2024 The Trv5tees are responsible for preparing the Truslees. Annual Report and the Flnancial Statements In accordance with applicable law and Unlted KSng(h)m Accountins Standards Iunited Kingdom Generally Accepted Accounting Practl<ei. Company and charlly law require the Trustees to prepare financlal statement5 for each financlal perlod. Under company law the Trustees must not approve the financial statements unless are satisfled that they give a twe and falr view of the state ol affair5 of the charity and of the incomiw resources and applicatlon of resources. including Ils Income and expenditure, of the chariiy for the period. In preparing those Ilnancial statements the Trustees are requlred to: select sultable accountln8 polkles and then apply them conslstently; observe the method5 and princlple5 in the Charities 50RP: make 3MentS and accovnling esrlmates that are reasonable and prudent; and prepare the financlal statements on the going concern basis unless It is inappropriate to presume that the charity will contlnue In bu5ine55. The Trustees are responsible for keeping adequate and proper accounting record5 that are 5uffic5ent to show and explain the chanty's transactions and disdose with reasonable accuracy at any time the financial p051tion of the charity and enable them to ensure that Ihe financial statements cornply wilh the requirements of the Companle5 Act 2006. They are also respon51ble for safeguarding the assets of the char5ty and hence fur taking reasonable slep5 for the prevention and detectlon of fraud and other Irre8ularitie5. gt 100121
Big Red Bus Club IINCORPORATED) Limitod by guarantee Independent Examlner's report to the member5 and Trustees of Bl8 Red Bus Club I rep)rt on my examination of the accounts of Big Red Bl Club for the period ended 31 July 2024. Responslbllltle5 and basis of report The Trustee5 are responsible for the prepafation of the accounts In accordance wfth the requlrements of the Charities Act 2011 {'the Act, i. I report In respect of my examination of the accounts carried out under sectlon 145 of the 2011 Act and In carrying my examinatlon I have followed all the appllcable Direclions given by the Charity Commlssion under section 14515)Ibl of the Kt. Independent examlner's ststernent I have completed my examination. I conflrm that no materlal matter5 have come to my attentlon In connectlon wflh the examination qivin8 me cause io bell¢ve Ihal In any matenal respecl: accountlng records were not kepi as requlred by sectfon 130 of the Act: or the accounts do not accord with Ih05e records; or the accounts do nol comply with the applicable requirements concernln8 the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulation$ 2008 other than any requirernent that the account5 Slve a 'true and falr vleN' whlch15 not a matter considered as part ol an Independent examinaiion. I have no concerns and have come across no other matters In connectlon with the examinatlon to whlch attentlon should be drawn in this repori in order w enable a proper understandlnq of thc accounts to be reached, Date: 4 hlarch 2016 Name: Adrfan Greenway. Aplus A(countancy Llmlted Relevani professlonal quallflcatlon or membershlp ol professlonal bodle$: WT. AIT MIP Address: 13 Tldford Road. Welllng, Kent. DA16 3JR Pa8e11 of 21
Big Red Bus Club (INCORPORATED) Llmitéd by guarant•a Statement of Ffnanclal Actlvftle5 for the perlod ended 31 July 2024 (Includln8 summary Income and expendlture accounti Unrestricied Restricted funds funds 2024 Total 2023 Total Mot• Income and endowments from: Donallon and legacie5 Other tradlng actlvlties Investment income 4,509 3,710 51 72,975 77,484 3,710 51 79,288 6.719 Other Income 2,396 2,396 3,485 Total income and erKlowments 10,666 7Z,975 83.641 89,556 £xpendfture on: Charltable activities 5,674 56,695 62.369 114.127 Total expendlture 5,674 56.695 114 127 Net income /(expendfiture) Gross transfers between flu5 4,992 16,280 21.272 124,5711 10,673 (10,673 Net movfrment In funds 15,665 3.967 21,272 (24,5711 49,954 Total funds brought forward Total funds carrled forward The annexed rM)re5 fomi part of these financlal Statements. All income derSYes from continuing actlvtlles. Page 12 Df 11
8ig Red Bus Club (INCORPORATEOI Limited by guarante• Balance Sheet as at 31 July 2024 (Company number 08132170) Notq 2024 2023 Flxed Assets Tangible assets Current Assets DebtOf5 Cash at bank and In hand 10 4,552 45,930 4,255 23,143 50.482 27,398 Credltors Creditors: Arnounlsfalllngduewithln one peflod 3,827 2,015 Net current assets 46,655 25.383 Total assets les5 current Ilabllltles 46,655 25,383 Total net a$5ets 46,655 25.383 Represented by Unrestrlcted lunds 19,632 27,023 3,967 21,416 Restricted funds 12 Total funds 46.655 25.383 For the financlal year in questlon the company wa5 enlitled to exemptlon under 5ectlon 477 of the Companle5 Act 2thJ6 relatin8 to small companies. No members have required the company to obtain an audlt of Its accounts for the year In questlon fn accordance with secilon 476 01 the Companies Act 2CXI6. The directors acknowledge thelr rc5p)n5ibllity for complyFn8 With the rcqulrements of the Act with respect to accounling recards and loi the preparation of accounts. The accounis have been prepa¥ed In accordance wlih ihe provlslons appllcable to companle5 subject to the small companies reglme. Approved nd authorised for i$5ue by the Board of Trustee5 on the 4 March 2026. Chair of thè Board of Trustees - Maryanrb O'connor Page 13of12
Big Red Bus Club (INCORPORATED) Llmlled by guaranteo Notes to the Financial Statements for the pertod ended 31 July 2024 1. Accounting pollcles Theprinclpalaccountln8policiesadopted in the preparation of the financlalstatementsafe asfollows: Basls of preparation The f5nancial Statements have been prepared undÈr the Chadtle5 Act 2011, the Charities. Statement of Recommended Practice ICharltle5 SORP IFRS 1021 as amended by Update Bulletin 21 and Financial Reporting Standard 102 appilcable In the UK atMI Republlc of Ireland {FRS 102). and the Compènles Att 2006. The Club consillule5 a Fxjbllc benefit eiiiliy as defined by FRS102. Asset5 and Ilabllltle5 are initially recognlsed at hisiorfcal cost or transactSon value unless othenwise slated In the relevant accounting p)Ilcy notes. Going concern The Trustees have prepared these accouftts on a going concern basis. They have reviewed the budgets and ltrecasts forming the charity'5 buslness plan for a period In exce55 of twelve months beyond the date of signlng of the account. The Trustee5 consider iherefore that they have reasonable aswrance that the charity will continue io oFerate. Funds General funds represent the funds of the Company that are not sUbJt to any restrictlon regarding their use and are avallable for use at the discretion of the Trustees in furthÈraThce of the objectives of the chantable company. Deslgnated funds are lunds set aside at the discretlon of the Trustee5 for a particular ptsse and cary no restrictions. Restricted funds consist of grants and txjrsaries which are subject to restrictions on thelr expenditure by the donor. Income All income Is Included in the statement of financial activitles v4hen the charitable companyas entitled to the irKome, it is probable that the income will be feceived, and the amount can be measured rellably. Grants and donatlons received as Resirlcted Funds, defined as those which carry an obligatlon io repay any Sums not acrually spent, are broughl into the SOFA in the Fer5od of recelpt and carrled forbyard wiihin Restricted Funds until either spent or refunded. Deferred income Where unconditional entitlement to grants recelvable and fees pald In aifvance 15 dependent upon fulfilment of conditions within the Club'5 control, the incoming resources are recognised when there Is sufficient evldence that conditions have been met. Where there 15 uncertainty as lo wheiher the Club has met 5vch conditions. or the Iwder clearly states that Ihe fundSni 15 for the next Ilnanclal period, then the incwiing resource is dcferred. Expenditure Expenditure is includèd in the accounts on an accruals basis. Choritable activities All costs are allocated between categorle5 of the 50FA on a bas15 designed to reflect the use of the resource. Cost5 relating to a particijlar actlvlty are allocated dlrectly or app)rtiored on an appropriate basls. 14 of 22
Blg Red Bus Club (INCORPORATED) Llmlt•d by guarantee Notes to the Flnanclal Statements for the p•rlod •nded 31 July 2024 1. Accountfn8 polscies Icontinuedl Tangible lixed asset5 All capital expenditure below £250 Is wrltten off as and when It Is Incurred. Depreclatlon is provlded on all tangible flxed a55ets other than free)Id land and tIldIngs. at rates calculated to write off the cost, less estimated residual Value. of each asset evenly over its expected useful Ilfe, as follows: Fi(tln8s and educatlon equlpmenl . Debtors Trade and other debtors are reco8filsed al the settlemen¢ amount due after any trade dlscount oflered. Prepayments are valued al the amount prepald net of any trade discounts due, Creditors and provisions Credltorsandprovlsionsare reco8nlsed where thecharity hasa present obligatlon resulting from a past event that will probably result in the transfer of funds to a third party attd the amount ckne to settle the obllgatlon can t measured ore5timated reliably. Creditor5andprovi51onsarenormallyrecognlsedal thelrseifiement amount after allowlng for any trade dis(ounts due. Pensions The charlty operate5 a contritrwtlon pensicn scheme. ContritMJtions payable to the charitable company's pension Scheme are included in the accounts in the pertod lo whlch Ihey relaie. Tdxotion The Club Is a re8iStefed charity withln the meanlng of paragraph 1 of schedule 6 of the Finance Act 2010. Accordlngly 11 Is exempt from laxatlon ih respecl of income or capital galn5 wllhln categorle5 covered by chapler 3 of Part 11 of the Corwration Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992: 10 the extent Ihat such Income or gains are applied exclusively to charitable wrposes. No tax charge arose In Ihe perlod. Judgements In opplying occounting policies and *ey sources of eStIntiOn uncertalnty 25% straighl Ilne depreciatlon In the applIrion of the companys accountlng pollcles, the dlrectors are requlred to make Judgernernrs, estirnates and assufflptions about the carrying amount of assets and Ilabilitles that are not readily apparent from other Sources. The e5timate5 and a5soclate(i assumptions afe th75ed on hlstorical experlence and other factors that are considered to be relevant. Aciual results may dlffer from these esiimates. The e5timate5 and underlylng assumptlon5 are reviewed on an origoing basis. Rev151ons to accounllng estlmates are recognlsed Sn the period in which the estlmate is revised where the revision aflects only Ihat rIod, or in the period of the revlsion and future periods where the revi51on affects both current and future perlod5. In preparing t1 flnanclal statements, the key judgements and est(males have been made In respect of the follOn8. Going concern: In light of current econofflic circumstances and the impacl on the Club's busfness the Trustees, have paid particular attention to this matter, Pag2 150112
Big Red Bus Club (INCORPORATED) Llmited by guarantee Notes to the Flnanclal Statements for the perlod ended 31 July 2024 2. Charltable actlvltles 2024 2023 Donatlons and legacles Appeals and donations Grants 4,509 533 The Hilden Charitable Fund Greater London Autlwjrlty BLG IIJND 8,579 4,530 4,530 7.823 1,910 RBG IRoyal Borough of Greenwichl VCS South East London lfttegrated Care System RBG Scheme 13,038 10,0(X) 35,1 Chlldren in Need Tudor Trust City Brldge 10,C 36,667 12,045 77,484 79.288 Income from tradlng actlvltles Z024 2023 Hire of facilities 3,710 6,719 Investment Income 20Z4 2023 Interest receivable 51 5. Other Income 2024 2023 Fees and supplles Other income 876 2,155 1,330 1,520 2,396 3.485 Page 16of IZ
Big Red Bus Club (INCORPORATED) Llmlted by guaranlge 14ot•s to the Financial Statements for the perlod ènded 31 July 2024 6. Expendlture on charltable actlvities 2024 2023 Staff costs 43.075 83,963 11,893 14,489 2,553 149 Support costs Pmject expenses Volunteer expenses Prlnting, postage and stationery 5undrles 6.604 10,155 1,413 46 770 hlarkelln8 and publlclty 1,076 310 62,369 114,127 7. Staff C05tS 2024 2023 Wages and Salarle5 Soclal security costs Penslon costs 41,723 79,852 (1.022) 2,430 Z,703 562 Other staff costs 790 43,075 83,963 The head count of persons employed by the durlng the year was: 2024 2023 No employee earned more than £60,000 during the year. Key management personnel includes the Chaef Executlye. The total employee beneflts of the key management personr¢l were £21.970. Pw 17of22
Big Red Bus Club {INCORPORATED) Llmlted by guarante¢ Notes to the Financial Statements for th• peflod eTrd 31 July Z024 8. Support Costs 2024 2023 Legal and profe55Tonat Depreciation Premises c05tS 423 448 383 1.303 687 729 Rent 2,474 534 Insurance General maintenance 370 2,120 1,726 158 Telephone and Intemet Office expenses Payroll cost5 Independent examination and accouniancy Bank charges 423 190 1,050 936 1,970 1,746 639 6,604 11,893 Page 189122
Big Red Bus Club (INCORPORATED) Limltad by guarant•• Notes to the Flnanclal Statements for the period ended 31 July 2024 9. Fixed Assets Equipment Total Cost At l July Addltlons 3,653 3,653 Dlsposals At 31 July 3.653 3,653 Deprecfatlon At l July Charge for the year Released on disposal At 31 July 3,653 3,653 3.653 3.653 Net Book Valu• At 31 July 2023 At 31 July 2024 10. Debtors 2024 2023 Other debtors 4.552 4,255 4.552 4.255 11. Credltors.. amounts fallln8 dve wlthln one year 2024 2023 Other credltor5 269 Accruals 3,716 1,746 3,827 2,015 PaF 19 0122
Blg Red Bus Club IINCORPORATED) Limiitd by guarante Notes to the Flnan¢lal Statements for the pedod ended 31 July 2024 12. Funds Balance blf 1 August 2023 Incomlnl resources Re50urces Transfers expended between funds Balance clf 31 July 2024 Unrestricted General Fund 3,967 10,666 5,674 10,673 19.632 Restrlcted Tudor Trust 36,667 17,442 19,225 Sport5 En8land Greenwich CT {638 638 220 {2201 Children in Need 3.711 10,(KIO 7,568 6,143 City Brldge R8G Inriovalion Fund 12,045 12,386 14051 1,541 1,541 Asda Foundation 14 1141 Foyle Foundation GL Authority 1501) 501 2,578 2,801 3,967 223 BLG MIND 562 4,530 (1,1251 (1,1561 Hllden Charftable 1,750 594 RBG Immunisation 1,910 508 1,402 RBG VCS (497> 13,038 7,823 10,816 2,607 (883) RBG scheme 113,0381 Other funds (298) 613 911 Total re5trlcted 21.416 72.975 56,695 {10,6731 27,023 Total Funds Income is due (ha5 been received, or is expected to be received) after the year eThJ for the two funds that have a negalive balance at the year end. Pale 10 0122
Big Red Bus Club <INCORPORATED) Llmited by guarantea Note5 to the Financlal Statements for the period ended 31 July 2024 12 Fund contlnued Fund transfers: Expense5 In general fund5 from prevSous year not allocated correctly to fund: Asda Foundatlon. BLG Mind, Greenwtch Charitable Trust, Hilden Charitable Fund General funds allocateil to cover overspend In prevfous year: Foyle Foundation, Greater London Aulhority, Sports ETh8land, Other funds Iorne allocated to correct fund Incorrectly allocated In Pfevious year: £2,608 transferred to RBG VC5 from RBG scheme (all(<atlon to wron% fundl £10,430 IransfeThed to Gefieral from RBG scheme (Incorrectly recorded as restricted) Restrlcted fund5: Tudor Trust: Funds CEO post together with the offlce costs and costs not covered by projects Sports En8land: Funds 'Larqe and Legging it, runnlng group Gr•enwich cr (Greenwich Charltable Trust): Funds 'Baby Blues Cholr, sessions for mums wlth P05tr)atal depression Chlldren In Need: Funds 'Play plu5 Group, for chlldren with addltional needs Tru• Colours: Funds towards salaries and core costs London Fund•r3: Funds towards saLaries and core costs Clty Brld8e: Fundin8 for the 'Speak Up, project as well as the ' ESOL, project RBG (Royal Borough of Greenwlch) Innovatlon fund: Fui)ds for the 'Communlly Innovatlon. programme Asda Foundatlon: To cover costs for the Jubilee Party co.op: Donations Benerated by 1% of own brand purchases made by co.op members selecilng to SUPPOrt local projects. Foyle Foundatlon: Funds towards 'stay and play. sesslons for under Ilves GL Authorfty (Greater London Authorityl: Fund5 towards the 'Bulldln8 Stron8 Communllles Supporting Volunteers, Supporting Familie5, project BLG Mlnd: Funds for the 'Equality Fund, programrne Hildèn Charltable Fund; Towards the salary and activtty costs of the Ukrainlan play8roup Soulh East London Integrated Care System: funds io increase awareness of vaccines and thelr benefits. RBG VCS: Funds from Royal Borough of Greenwlch Councll to provlde support to chlidren and youn8 people with ASD afid ADHD and the5r families RBG scheme: Unrestrlcted funds from the Royal Borouqh of Greenwlch which were Incorrectly shown as restrlcte Page 210121
Blg Red Bus Club (INCORPORATED) Llmfted by guarantee Notes to the Financlal Statements for the perlod ended 31 July 2024 12. Funds IcontSnuedl Balance blf 1 Auqu5t 2022 Incomln resources Resources Transfers Balance clf expended between funds 31 July 2023 Unrèstrlct•d General Fund 8,710 49,947 54,415 1275) 3,967 Restricted Tudor Trust 16,407 16,407 Sports England Greenwlch CT 11.305) 667 1638) 220 220 Children In Need 4,165 5,854 6,308 3,711 True Colours 1554) 554 London Funder5 1178) 10,984 178 Clty BrTdge R8G Innovation Fund 11,048 (64) 5,385 294 3,844 1,541 Asda Foundatlon 280 14 Co-op Foyle Foundation GL Authorlty BLG MIND 1,124 (1,124 5,501 {501) 2,578 8,579 6,001 4.530 3,968 562 Hllden Charltable 3,250 3,105 1,750 RBG VCS {4971 RBG scheme 13.038 13,038 Other funds 1298) 12981 21.416 Total restcicted 41.244 39,609 59,712 275 Total Funds 49.954 114.127 13. Related partles and transactlons There were no related party transacllons, and trustees were reimbursed for expenses incurred in the Course of their dutles. Pale 12 0122