Be More Bailey Charitable Foundation Unaudited Financial Statements
31 October 2024 Charity Registration Number 1173355
Be More Bailey Charitable Foundation
Financial Statements
Year ended 31 October 2024
| 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 31 October 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 October 2024.
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
B Matthews J Matthews D N Jackson L M Stocks 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
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.
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.
Risk Management
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.
- 2 -
Be More Bailey Charitable Foundation
Trustees' Annual Report (continued)
Year ended 31 October 2024
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
During this period the Charity has continued to promote the availability of equipment grants to potential beneficiaries, and grants have continued to be issued to disabled children and young people under the age of 25 years old. The closure of the main UK supplier of running frames and trikes, has certainly impacted the number of applications received by the foundation during this year. Families, and charities, including the Be More Bailey Charitable Foundation, are continuing to identify alternative suppliers and distributors of the specialist equipment that disabled children and young people require to enable them to participate in sporting activities. The Be More Bailey Charitable Foundation is building strong relationships with new suppliers and working hard to promote their services to potential beneficiaries.
The project to support the establishment of new Frame Running clubs around the UK, has now been completed, and the final frame running club that was established with funding provided by The Be more Bailey Charitable Foundation, launched in April 2024, based at Loughborough University.
The Charity has also continued to provide funding towards specialist floatation and swimming equipment, whilst also continuing to provide inclusive triathlon opportunities through the 'Be More Tri' project.
Following the completion of the Frame Running project, the Charity is now looking to develop future projects. There is now a strong focus on developing, supporting, and increasing the availability of clubs and activities, creating opportunities for a larger number of children and young people to access and benefit from the Charities funding and expertise, which will enable the Charity to continue to further its aims and objectives.
Financial review
Reserves Policy
The Charity's current policy sets out a reserve of 12 months running costs plus any approved grants.
- 3 -
Be More Bailey Charitable Foundation
Trustees' Annual Report (continued)
Year ended 31 October 2024
The trustees' annual report was approved on 18 August 2025 and signed on behalf of the board of trustees by:
J Matthews Trustee
- 4 -
Be More Bailey Charitable Foundation
Independent Examiner's Report to the Trustees of Be More Bailey Charitable Foundation
Year ended 31 October 2024
I report to the trustees on my examination of the financial statements of Be More Bailey Charitable Foundation ('the charity') for the year ended 31 October 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
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
18 August 2025
- 5 -
Be More Bailey Charitable Foundation
Statement of Financial Activities
Year ended 31 October 2024
| Period from | |||||
|---|---|---|---|---|---|
| 1 May 22 to | |||||
| Year | to 31 Oct 24 | 31 Oct 23 | |||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 2,841 | – | 2,841 | 85,238 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 2,841 | – | 2,841 | 85,238 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 5 | 820 | – | 820 | 7,585 |
| Expenditure on charitable activities | 6,7 | 2,973 | 26,984 | 29,957 | 62,579 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 3,793 | 26,984 | 30,777 | 70,164 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (952) | (26,984) | (27,936) | 15,074 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 12,587 | 34,194 | 46,781 | 31,707 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 11,635 | 7,210 | 18,845 | 46,781 | |
| 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
31 October 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 894 | 1,117 |
| Current assets | |||
| Debtors | 14 | 49 | – |
| Cash at bank and in hand | 18,592 | 46,579 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 18,641 | 46,579 | ||
| Creditors: amounts falling due within one year | 15 | 690 | 915 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 17,951 | 45,664 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 18,845 | 46,781 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net assets | 18,845 | 46,781 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | 7,210 | 34,194 | |
| Unrestricted funds | 11,635 | 12,587 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 16 | 18,845 | 46,781 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 18 August 25, 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 31 October 2024
1. General information
The charity is a private charity limited by shares, registered in England and Wales. The address of the registered 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 31 October 2024
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 31 October 2024
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 31 October 2024
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 | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 2,841 | – | 2,841 |
| Grants | |||
| Grants receivable | – | – | – |
| Sponsorship | |||
| Be More Tri Club Sponsorship | – | – | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,841 | – | 2,841 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 9,738 | – | 9,738 |
| Grants | |||
| Grants receivable | – | 75,000 | 75,000 |
| Sponsorship | |||
| Be More Tri Club Sponsorship | – | 500 | 500 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 9,738 | 75,500 | 85,238 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 11 -
Be More Bailey Charitable Foundation
Notes to the Financial Statements (continued)
Year ended 31 October 2024
5. Costs of raising donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Costs of raising funds | 820 | 820 | 7,585 | 7,585 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Provision of specialist equipment | – | 24,699 | 24,699 | ||
| Promoting participation in amateur sport | – | 2,285 | 2,285 | ||
| Support costs | 2,973 | – | 2,973 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 2,973 | 26,984 | 29,957 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Provision of specialist equipment | – | 50,601 | 50,601 | ||
| Promoting participation in amateur sport | 84 | 6,627 | 6,711 | ||
| Support costs | 5,267 | – | 5,267 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 5,351 | 57,228 | 62,579 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
| 7. | Expenditure on charitable activities by activity type | Expenditure on charitable activities by activity type | Expenditure on charitable activities by activity type | |||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | of activities Support | costs | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Provision of specialist | ||||||
| equipment | – | 24,699 | 553 | 25,252 | 51,587 | |
| Promoting participation | ||||||
| in amateur sport | 2,285 | – | 739 | 3,024 | 8,026 | |
| Governance costs | – | – | 1,681 | 1,681 | 2,966 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 2,285 | 24,699 | 2,973 | 29,957 | 62,579 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 8. | Analysis of grants | |||||
| Period from | ||||||
| Year to | 1 May 22 to | |||||
| 31 Oct 24 | 31 Oct 23 | |||||
| £ | £ | |||||
| Grants to institutions | ||||||
| Provision of specialist equipment | 18,724 | 26,273 | ||||
| Grants to individuals | ||||||
| Provision of specialist equipment | 5,975 | 24,328 | ||||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||||
| Total grants | 24,699 | 50,601 | ||||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 12 -
Be More Bailey Charitable Foundation
Notes to the Financial Statements (continued)
Year ended 31 October 2024
8. Analysis of grants (continued)
Recipients of institutional grants: 2024 - Now You Can Run - £17,945, Coppice School - £779.
2023 - Claire House Children's Hospice - £2,141, Norfolk Frame Running Club - £12,920, Meadow Wood Special School - £1,418, Bambers Inclusive Swimming - £1,541, Heel and Toe - £1,000, Temple Moor High School - £1,043, Ochil House School - £1,661, The Bridge School - £456, Corstorphine Frame Running Club - £3,250, The Penguin Foundation - £842.
9. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 223 ৶৶৶৶ |
434 ৶৶৶৶ |
10. Independent examination fees
| Period from | ||
|---|---|---|
| Year to | 1 May 22 to | |
| 31 Oct 24 | 31 Oct 23 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 690 ৶৶৶৶ |
702 ৶৶৶৶ |
11. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: 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.
1 (2023 - 0) trustee was reimbursed expenses of £227 (2023 - nil) for travel expenses.
- 13 -
Be More Bailey Charitable Foundation
Notes to the Financial Statements (continued)
Year ended 31 October 2024
13. Tangible fixed assets
| Equipment | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| At 1 November 2023 and 31 October 2024 | 2,049 | ||
| ৶৶৶৶৶৶৶ | |||
| Depreciation | |||
| At 1 November 2023 | 932 | ||
| Charge for the year | 223 | ||
| ৄৄৄৄৄৄৄ | |||
| At 31 October 2024 | 1,155 | ||
| ৶৶৶৶৶৶৶ | |||
| Carrying amount | |||
| At 31 October 2024 | 894 | ||
| ৶৶৶৶৶৶৶ | |||
| At 31 October 2023 | 1,117 | ||
| ৶৶৶৶৶৶৶ | |||
| 14. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other debtors | 49 | – | |
| ৶৶৶৶ | ৶৶৶৶ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | – | 255 | |
| Accruals and deferred income | 690 | 660 | |
| ৄৄৄৄ | ৄৄৄৄ | ||
| 690 | 915 | ||
| ৶৶৶৶ | ৶৶৶৶ |
16. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | November | 31 October | |||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 12,587 | 2,841 | (3,793) | 11,635 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At 1 May | At 31 October | ||||
| 2022 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 15,785 ৶৶৶৶৶৶৶৶ |
9,738 ৶৶৶৶৶৶৶ |
(12,936) ৶৶৶৶৶৶৶৶ |
12,587 ৶৶৶৶৶৶৶৶ |
- 14 -
Be More Bailey Charitable Foundation
Notes to the Financial Statements (continued)
Year ended 31 October 2024
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | November | 31 October | |||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Restricted Funds | 34,194 | – | (26,984) | 7,210 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| At 1 May | At 31 October | ||||
| 2022 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| Restricted Funds | 15,922 | 75,500 | (57,228) | 34,194 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 894 | – | 894 |
| Current assets | 11,431 | 7,210 | 18,641 |
| Creditors less than 1 year | (690) | – | (690) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 11,635 | 7,210 | 18,845 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,117 | – | 1,117 |
| Current assets | 12,385 | 34,194 | 46,579 |
| Creditors less than 1 year | (915) | – | (915) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 12,587 | 34,194 | 46,781 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 15 -
Be More Bailey Charitable Foundation
Management Information
Year ended 31 October 2024
The following pages do not form part of the financial statements.
- 16 -
Be More Bailey Charitable Foundation
Detailed Statement of Financial Activities
Year ended 31 October 2024
| Period from | ||
|---|---|---|
| Year to | 1 May 22 to | |
| 31 Oct 24 | 31 Oct 23 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 2,841 | 9,738 |
| Grants receivable | – | 75,000 |
| Be More Tri Club Sponsorship | – | 500 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 2,841 | 85,238 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total income | 2,841 | 85,238 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Purchases | – | 6,111 |
| Repairs and maintenance | – | 10 |
| Telephone | 208 | 278 |
| Other office costs | 278 | 558 |
| Depreciation | 67 | 130 |
| Subscriptions | 216 | 324 |
| Charges and fees | 51 | 174 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 820 | 7,585 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | ||
| Grants made | 24,699 | 50,601 |
| Activity costs | 2,285 | 6,350 |
| Insurance | 991 | 2,264 |
| Coaching and training | – | 82 |
| Marketing, advertising and promotion | – | 302 |
| Accountancy fees | 690 | 702 |
| Telephone | 485 | 649 |
| Other office costs | 649 | 1,302 |
| Bank charges | 2 | 23 |
| Depreciation | 156 | 304 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 29,957 | 62,579 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total expenditure | 30,777 | 70,164 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net (expenditure)/income | (27,936) | 15,074 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |