2020-04-30-accounts

Be More Bailey Charitable Foundation Unaudited Financial Statements

30 April 2020

Charity Registration Number 1173355

Be More Bailey Charitable Foundation

Financial Statements

Year ended 30 April 2020

	Pages
Trustees' annual report	1 to 3
Independent examiner's report to the trustees	4
Statement of financial activities	5
Statement of financial position	6
Notes to the financial statements	7 to 14
The following pages do not form part of the financial statements
Detailed statement of financial activities	16

- 1 -

Be More Bailey Charitable Foundation

Trustees' Annual Report

Year ended 30 April 2020

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 April 2020.

Reference and administrative details

Registered charity name

Be More Bailey Charitable Foundation

Charity registration number 1173355 Principal office Beacon Court Plumtree Farm Industrial Estate Bircotes Doncaster

The trustees

J Hardcastle J Matthews D N Jackson L M Stocks K E L Dodds

Independent examiner

Tom Darby FCCA 7 Spring Gardens Gainsborough Lincolnshire

Structure, governance and management

Governing Document

Be More Bailey Charitable Foundation is a Charitable Incorporated Organisation. The charity is governed by its constitution which was adopted on 12th June 2017.

Recruitment and Appointment of Trustees

Trustees are selected and appointed based on their individual skills, expertise and knowledge relating to the aims of the charity and to ensure that the charity operates efficiently and effectively.

There must be at least three charity trustees of which at least one, but not more than half, must be a family member of Bailey Matthews. Family member trustees serve indefinitely. Other trustees are appointed for a term of 3 years for a maximum of 3 terms.

- 2 -

Be More Bailey Charitable Foundation

Trustees' Annual Report (continued)

Year ended 30 April 2020

Structure, governance and management (continued)

Risk Management

The trustees have examined the major strategic, business and operational risks to which the charity is exposed. The trustees confirm that systems have been established to monitor and control these risks to mitigate any impact they may have on the charity.

The trustees regularly review the progress and requirements of the charity to assess and identify any areas where it would be beneficial to introduce additional trustees to the board.

The trustees regularly review the specific requirements and expertise of the board in order to assess and identify areas where training may be required.

Objectives and activities

The trustees confirm that they have referred to guidance contained in the Charity Commission's public benefit guidance when reviewing the charity's aims and objectives.

The objects of the charity are for the relief of children and young people under the age of 25 who are in need by reason of disability.

The charity was established to promote and increase the participation of disabled children and young people under the age of 25 in amateur sport, by the provision of grants for specialist equipment, promoting opportunities for disabled children and young people to participate in amateur sport, recreation and sporting events alongside able bodied participants and through the organisation of amateur sporting events that enable disabled participation.

Achievements and performance

The Charity has continued to work hard to raise awareness of its aims and objectives while strengthening relationships with other relevant organisations with which the Charity has shared goals.

During this year the Charity has continued to promote the availability of equipment grants to potential beneficiaries. The Charity is pleased to have issued grants to children and young people ranging in age from 3 years old through to 24 years old. The grants have helped children and young people of all abilities, from those whom are accessing participation sport for the first time through to those who are competitive at an elite level within their sport.

A new project, 'Be More Tri' was launched during this year in an effort to achieve the following aims to:

• Develop junior triathlon clubs for children of all abilities with an emphasis on actively encouraging children with disabilities to participate.

• Work closely with the British Triathlon Federation towards preparing and producing 'Disability Best Practice Guidelines' for dissemination to new and existing clubs.

• Work closely with the British Triathlon Federation to develop a pathway for Para-Triathlon.

• Develop a CPD course to empower coaches and volunteers with the knowledge and skills that will enable them to safely and confidently encourage and support disabled participation within their existing club environments.

• Provide, encourage and support 'disability inclusive' events.

- 3 -

Be More Bailey Charitable Foundation

Trustees' Annual Report (continued)

Year ended 30 April 2020

Achievements and performance (continued)

The Charity launched its initial 'Introduction to Triathlon' sessions in swimming and cycling in early 2020 in preparation for the first 'Be More Tri' full triathlon club sessions planned to commence in early Summer 2020. Unfortunately, the training sessions had to be suspended at the end of March 2020 due to Covid-19 restrictions, but it is intended that sessions will re-commence once government restrictions are lifted and then in conformity with governing body guidance.

The Charity's aim for the 'Introduction to Triathlon' sessions was to achieve a ratio of 25% disability participation in the 7 to 16 year old age group. The actual participation figures show that we attracted children between the ages of 7 to 14 years old with 33% disability participation. The Charity received very positive feedback from both participants and their families from both the swimming and the cycling sessions and the Charity is looking forward to re-commencing the 'Be More Tri' club sessions as soon as it is possible to do so.

Anecdotally and from media reporting it is understood that the Covid-19 restrictions are having a disproportionately adverse effect on children with disabilities. Many are having difficulty accessing and engaging in physical activities and their usual physical therapy. It is anticipated that this is likely to continue whilst ever the restrictions remain in place. The Charity will be continuing to support children and young people through the provision of grant funding towards the equipment that they require to enable them to remain active locally and with family support. The Charity will also be looking at how it is able to provide remote support and opportunities to encourage children and young people to continue with physical activity while clubs and leisure facilities remain closed.

Financial review

St James's Place Charitable Foundation has provided grants totalling £10,000 during this period.

Other funds are from individuals fundraising for the Charity.

Reserves Policy

The charity's current policy sets out a reserve of £50,000. This is in relation to the initial grant provided by St James's Place Charitable Foundation, whereby it was intended that there would be no significant spend from this money in order to demonstrate that the charity is able to operate efficiently and effectively without reliance on this initial grant.

The trustees' annual report was approved on 19 February 2021 and signed on behalf of the board of trustees by:

J Hardcastle Trustee

- 4 -

Be More Bailey Charitable Foundation

Independent Examiner's Report to the Trustees of Be More Bailey Charitable Foundation

Year ended 30 April 2020

I report to the trustees on my examination of the financial statements of Be More Bailey Charitable Foundation ('the charity') for the year ended 30 April 2020.

Responsibilities and basis of report

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

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

Independent examiner's statement

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

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Tom Darby FCCA Independent Examiner

7 Spring Gardens Gainsborough Lincolnshire

19 February 2021

- 5 -

Be More Bailey Charitable Foundation

Statement of Financial Activities

Year ended 30 April 2020

			2020		2019
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	12,618	10,000	22,618	27,647
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income		12,618	10,000	22,618	27,647
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	5	889	–	889	1,271
Expenditure on charitable activities	6,7	3,939	14,545	18,484	8,600
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure		4,828	14,545	19,373	9,871
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net income and net movement in	funds	7,790	(4,545)	3,245	17,776
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		9,985	73,958	83,943	66,167
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total funds carried forward		17,775	69,413	87,188	83,943
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

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

The notes on pages 7 to 14 form part of these financial statements.

- 6 -

Be More Bailey Charitable Foundation

Statement of Financial Position

30 April 2020

			2019
	Note	£	£
Fixed assets
Tangible fixed assets	13	515	170
Current assets
Debtors	14	–	19
Cash at bank and in hand		87,273	84,372
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		87,273	84,391
Creditors: amounts falling due within one year	15	600	618
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net current assets		86,673	83,773
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total assets less current liabilities		87,188	83,943
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net assets		87,188	83,943
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds		69,413	73,958
Unrestricted funds		17,775	9,985
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total charity funds	16	87,188	83,943
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 19 February 2021, and are signed on behalf of the board by:

J Matthews Trustee

The notes on pages 7 to 14 form part of these financial statements.

- 7 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is a charitable incorporated organisation.

The address of the principal office is Beacon Court, Plumtree Farm Industrial Estate, Bircotes, Doncaster.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

- 8 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

- 9 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

- 10 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Donations
Donations	12,618	–	12,618
Grants
Grants receivable	–	10,000	10,000
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	12,618	10,000	22,618
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2019
	£	£	£
Donations
Donations	7,647	–	7,647
Grants
Grants receivable	–	20,000	20,000
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	7,647	20,000	27,647
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

- 11 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

5. Costs of raising donations and legacies

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
			£	£	£	£
	Costs of raising funds		889	889	1,271	1,271
			৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
6.	Expenditure on charitable activities by fund type
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				£	£	£
	Provision of specialist equipment			–	12,310	12,310
	Promoting participation in amateur sport			1,444	2,235	3,679
	Support costs			2,495	–	2,495
				ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
				3,939	14,545	18,484
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
				£	£	£
	Provision of specialist equipment			218	6,042	6,260
	Promoting participation in amateur sport			625	–	625
	Support costs			1,715	–	1,715
				ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
				2,558	6,042	8,600
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
7.	Expenditure on charitable activities by activity type
		Activities
		undertaken	Grant funding		Total funds	Total fund
		directly	of activities Support costs		2020	2019
		£	£	£	£	£
	Provision of specialist
	equipment	–	12,310	324	12,634	6,260
	Promoting participation
	in amateur sport	3,679	–	544	4,223	625
	Governance costs	–	–	1,627	1,627	1,715
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
		3,679	12,310	2,495	18,484	8,600
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
8.	Analysis of grants
						2019
					£	£
	Grants to individuals
	Provision of specialist equipment				12,310	6,042
					ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	Total grants				12,310	6,042
					৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

- 12 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

9. Net income

Net income is stated after charging/(crediting):

Net income is stated after charging/(crediting):
		2019
	£	£
Depreciation of tangible fixed assets	54	42
	৶৶৶৶	৶৶৶৶
Independent examination fees
		2019
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	600	600
	৶৶৶৶	৶৶৶৶

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

		2019
	£	£
Wages and salaries	120	–
	৶৶৶৶	৶৶৶৶
The average number of persons employed by the charity during the year amounted to 1 (2019: 0).
The average number of full-time equivalent employees during the year is analysed as		follows:
		2019
	No	No
Charitable activities	1	–
	৶৶৶৶	৶৶৶৶

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

- 13 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

13. Tangible fixed assets

			Equipment
			£
	Cost
	At 1 May 2019		240
	Additions		399
			ৄৄৄৄ
	At 30 April 2020		639
			৶৶৶৶
	Depreciation
	At 1 May 2019		70
	Charge for the year		54
			ৄৄৄৄ
	At 30 April 2020		124
			৶৶৶৶
	Carrying amount
	At 30 April 2020		515
			৶৶৶৶
	At 30 April 2019		170
			৶৶৶৶
14.	Debtors
			2019
		£	£
	Trade debtors	–	19
		৶৶৶৶	৶৶৶৶
15.	Creditors: amounts falling due within one year
			2019
		£	£
	Trade creditors	–	18
	Accruals and deferred income	600	600
		ৄৄৄৄ	ৄৄৄৄ
		600	618
		৶৶৶৶	৶৶৶৶

- 14 -

Be More Bailey Charitable Foundation

Notes to the Financial Statements (continued)

Year ended 30 April 2020

16. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
		At				At
		1 May 2019	Income	Expenditure	30 April 2020
		£	£	£		£
	General funds	9,985	12,618	(4,828)		17,775
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
		At				At
		1 May 2018	Income	Expenditure		30 April 2019
		£	£	£		£
	General funds	6,167	7,647	(3,829)		9,985
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶		৶৶৶৶৶৶৶
	Restricted funds
		At				At
		1 May 2019	Income	Expenditure	30 April 2020
		£	£	£		£
	Restricted Fund - St James's Place	73,958	10,000	(14,545)		69,413
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
		At				At
		1 May 2018	Income	Expenditure		30 April 2019
		£	£	£		£
	Restricted Fund - St James's Place	60,000	20,000	(6,042)		73,958
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
17.	Analysis of net assets between funds
			Unrestricted	Restricted		Total Funds
			Funds	Funds		2020
			£	£		£
	Tangible fixed assets		515	–		515
	Current assets		17,860	69,413		87,273
	Creditors less than 1 year		(600)	–		(600)
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄ
	Net assets		17,775	69,413		87,188
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
			Unrestricted	Restricted		Total Funds
			Funds	Funds		2019
			£	£		£
	Tangible fixed assets		170	–		170
	Current assets		10,433	73,958		84,391
	Creditors less than 1 year		(618)	–		(618)
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄ
	Net assets		9,985	73,958		83,943
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶

- 15 -

Be More Bailey Charitable Foundation

Management Information

Year ended 30 April 2020

The following pages do not form part of the financial statements.

- 16 -

Be More Bailey Charitable Foundation

Detailed Statement of Financial Activities

Year ended 30 April 2020

Year ended 30 April	2020
	2020	2019
	£	£
Income and endowments
Donations and legacies
Donations	12,618	7,647
Grants receivable	10,000	20,000
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	22,618	27,647
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income	22,618	27,647
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Costs of raising donations and legacies
Travel costs	155	–
Telephone	15	18
Other office costs	165	26
Depreciation	16	13
Subscriptions	216	291
Charges and fees	322	160
Marketing, advertising and promotion	–	763
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	889	1,271
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Expenditure on charitable activities
Grants made	12,310	6,042
Wages and salaries	120	–
Activity costs	1,556	538
Insurance	1,027	1,115
Coaching and training	1,255	–
Marketing, advertising and promotion	720	–
Accountancy fees	600	600
Telephone	35	42
Other office costs	780	234
Bank charges	43	–
Depreciation	38	29
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	18,484	8,600
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Total expenditure	19,373	9,871
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net income	3,245	17,776
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶