REGISTERED CHARITY NUMBER: 1176622
Report of the Trustees and Unaudited Financial Statements for the Year Ended 16 January 2023 for BOURNEOUTLGBT
Diamond Accounts Limited
120 Cavendish Place Eastbourne East Sussex BN21 3TZ
BOURNEOUTLGBT
Contents of the Financial Statements for the Year Ended 16 January 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
BOURNEOUTLGBT
Report of the Trustees for the Year Ended 16 January 2023
The trustees present their report with the financial statements of the charity for the year ended 16 January 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are to advocate for and serve the interests of all LGBT people in Lancashire.
The aims for the year were to continue delivering high quality services aimed at supporting lesbian gay bisexual and trans people to be happier healthier and better connected. The charity is continuing to address long term sustainability issues and diversity of income sources. Short term objectives are to continue to deliver the core support offer as well as the Quality Mark Project. The long-term objective is to use agreed strategies to secure funding and ensure the sustainability of the charity beyond 2021.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A full report of the organisation's activities and achievements is presented and reviewed at a specially designated Trustee meeting each year. Activity has been consistent with achievement of objectives.
The charity has successfully delivered a number of projects this year that have contributed to its objectives to improve the lives of LGBT people in Eastbourne.
This is the first financial year for 2 years where the main source of income has not been from the National Lottery. Funding was from 5 different
grant sources: Henry Smith Foundation, National Lottery Grant, Sussex Community Grant, Yap grant, Zone Media Grant. Additional income came from pride stall hire, Lottery income, Cafe income and covid grant.
During the last financial year COVID19 has played a big part on how the charity has worked and how we have adapted to change to work in the current climate. Through the pandemic we have continued working and providing support and services to the local LGBT community and the whole town community as a whole. We have helped and supported over 1500 local people. As well as putting on this years Pride event (with some restrictions) which saw just under 3000 people attend. We provided free lgbt mental health counselling through a qualified mental health professional who did 45 minute zoom meetings with the lgbt community and through the last year we have given out over 400 free hours of online and when allowed in person counselling in our office space.
FINANCIAL REVIEW
Our principle funding sources this financial period came from Covid 19 grants from Central government, The National Lottery, The Henry Smith Foundation.
Reserves policy
The balance of unrestricted funds as the year end was £-4,469.
The Charity has no permanent endowment and has never been in a position to build up significant long-term reserves. The balance of restricted funds carried forward each year is in accordance with funders' expectations and agreed work plans, and covers scheduled expenditure in the short or mediumterm future. The reserves balance of unrestricted funds carried forward is to protect the charity against becoming vulnerable to any short-term fundinggap; or another pandemic or lockdown. The Money in reserve is able to cover six months' operating expenses, for the café and LGBT space we hire in the local town which is one of the main income sources for the charity.
BOURNEOUTLGBT
Report of the Trustees
for the Year Ended 16 January 2023
FUTURE PLANS
Future plans include diversifying income sources to support sustainability. Service development remains consistent with evidence of need collated from past activities as well as consultation with LGBT people in Eastbourne.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The constitution of the organisation was adopted on 11 January 2018.
The Trustees who have served during the year are set out on page 1. The Charity is dependent on the services of a committed number of unpaid volunteers to act as Trustees and to promote its work. Trustees are recruited as far as practicable to reflect the diversity of the people the organisation seeks to serve. Induction training is provided to all Trustees on appointment and periodically thereafter to familiarise them with the work of the Charity and to ensure that they are able to make a constructive contribution to its strategic management. Honorary officers are elected by the Trustees for tenures determined in accordance with the constitution.
The Trustees have examined the major strategic, business and operational risks which the charity faces and have introduced systems to enable regular reports to be produced so that the necessary steps can be taken to lessen the identified risks.
Key management remuneration
The charity does not pay salaries to management personnel.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1176622
Principal address
1 The Labyrinth 7 Mark Lane Eastbourne BN21 4RJ
Trustees
Amanda Smith Stephen Halbhuber
Independent Examiner
Diamond Accounts Limited 120 Cavendish Place Eastbourne East Sussex BN21 3TZ
Approved by order of the board of trustees on …................ And signed on its behalf by:
…........................................................... Amanda Smith - Trustee
…............................................................. Stephen Halbhuber - Trustee
Independent Examiner's Report to the Trustees of
BOURNEOUTLGBT
Independent examiner's report to the trustees of BOURNEOUTLGBT
I report to the charity trustees on my examination of the accounts of BOURNEOUT LGBT (the Trust) for the year ended 16 January 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
Diamond Accounts Limited
120 Cavendish Place Eastbourne East Sussex BN21 3TZ
Date: 18/11/2023
BOURNEOUTLGBT
Statement of Financial Activities
| Statement of Financial Activities | Statement of Financial Activities | |
|---|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
16.01.2023 16.01.2022 Unrestricted Restricted Total Total Funds Funds Funds Funds Notes £ £ £ £ 2,000 0 2,000 1,000 39,701 7,650 47,351 51,605 41,701 7,650 49,351 52,605 57,109 930 58,039 68,489 (15,407) 6,720 (8,687) (15,884) 10,938 2,648 13,586 29,471 (4,469) 9,368 4,899 13,586 for the Year Ended 16 January 2023 |
|
| Notes |
||
| 41,701 7,650 49,351 52,605 57,109 930 58,039 68,489 |
||
| (15,407) 6,720 (8,687) (15,884) 10,938 2,648 13,586 29,471 |
||
| (4,469) 9,368 4,899 13,586 |
0
BOURNEOUTLGBT
| Unrestricted Funds Notes £ CURRENT ASSETS Cash at bank (1,423) CREDITORS Amounts falling due within one year 4 (3,046) NET CURRENT ASSETS (4,469) TOTAL ASSETS LESS CURRENT LIABILITIES (4,469) NET ASSETS (4,469) FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS Balance Sheet 16 January 2023 |
Restricted Funds £ 9,368 9,368 9,368 9,368 |
16.01.2023 Total Funds £ 7,945 (3,046) 4,899 4,899 4,899 (4,469) 9,368 4,899 |
16.01.2022 Total Funds £ 15,632 (2,046) |
|---|---|---|---|
| 13,586 | |||
| 13,586 | |||
| 13,586 | |||
| 10,938 2,648 |
|||
| 13,586 |
The financial statements were approved by the Board of Trustees and authorised for issue on 18.11.2023 and were signed on its behalf by:
….......................................
Amanda Smith - Trustee
Stephen Halbhuber - Trustee
….......................................
BOURNEOUTLGBT
Notes to the Financial Statements for the Year Ended 16 January 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is
probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 16 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 16 January 2023 nor for the year ended 16 January 2022.
BOURNEOUTLGBT
Notes to the Financial Statements - continued for the Year Ended 16 January 2023
| 3. Unrestricted Fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,000.00 Charitable activities Charitable Activities 6,068.18 Total 7,068.18 EXPENDITURE ON Charitable activities Charitable Activities 18,580.31 NET INCOME/(EXPENDITURE) (11,512) Transfers between funds 0 Net movement in funds (11,512) RECONCILIATION OF FUNDS Total funds brought forward 22,450.29 TOTAL FUNDS CARRIED FORWARD 10,938.16 4. Creditors Loan received from Trustee Accruals 5. At 17.01.2022 £ Unrestricted funds Donation Receipt and café income 10,938 Restricted funds Fund from Pride stall hire, Grants and Lottery 2,648 TOTAL FUNDS 13,586 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES MOVEMENT IN FUNDS CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Restricted Funds £ 0 45,536.90 45,536.90 49,908.92 (4,372) 0 (4,372) 7,020.25 2,648.23 16.01.2023 £ 1,476.00 570.00 1,000.00 3,046.00 Net movement in funds £ (15,407) 6,720 (8,687) |
Total Funds £ 1,000.00 51,605.08 |
|---|---|---|
| 52,605.08 68,489.23 |
||
| (15,884) 0 |
||
| (15,884) 29,470.54 |
||
| 13,586.39 | ||
| 16.01.2022 £ 476.00 570.00 1,000.00 |
||
| 2,046.00 | ||
| At 16.01.2023 £ (4,469) 9,368 |
||
| 4,899 |
BOURNEOUTLGBT
Notes to the Financial Statements - continued for the Year Ended 16 January 2023
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| Resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Donation Receipt and café income | 41,701 | (57,109) | (15,407) |
| Restricted funds | |||
| Fund from Pride stall hire, Grants and Lottery | 7,650 | (930) | 6,720 |
| TOTAL FUNDS | 49,351 | (58,039) | (8,687) |
| Comparatives for movement in funds | |||
| At | Net movement | At | |
| 17.01.2021 | in funds | 16.01.2022 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Donation Receipt and café income | 22,450.29 | (11,512) | 10,938.16 |
| Restricted funds | |||
| Fund from Pride stall hire, Grants and Lottery | 7,020.25 | (4,372) | 2,648.23 |
| 7,020.25 | (4,372) | 2,648.23 | |
| TOTAL FUNDS | 29,470.54 | (15,884) | 13,586.39 |
| MOVEMENT IN FUNDS - continued | |||
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| Resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Donation Receipt and café income | 7,068 | (18,580) | (11,512) |
| Restricted funds | |||
| Fund from Pride stall hire, Grants and Lottery | 45,537 | (49,909) | (4,372) |
| 45,537 | (49,909) | (4,372) | |
| TOTAL FUNDS | 52,605 | (68,489) | (15,884) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| At | Net movement | At | |
| 17.01.2021 | in funds | 16.01.2023 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Donation Receipt and café income | 22,450 | (26,920) | (4,469) |
| Restricted funds | |||
| Fund from Pride stall hire, Grants and Lottery | 7,020 | 2,348 | 9,368 |
| TOTAL FUNDS | 29,471 | (24,572) | 4,899 |
BOURNEOUTLGBT
Notes to the Financial Statements - continued for the Year Ended 16 January 2023
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Donation Receipt and café income Restricted funds Fund from Pride stall hire, Grants and Lottery TOTAL FUNDS |
Incoming Resources Movement Resources expended in funds £ £ £ 48,769 (75,689) (26,920) 53,187 (50,839) 2,348 |
|---|---|
| 101,956 (126,528) (24,572) |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 16 January 2023.
BOURNEOUTLGBT
Detailed Statement of Financial Activities
for the Year Ended 16 January 2023
INCOME AND ENDOWMENTS
| Donations and legacies Donations Receipt Charitable activities Pride Stall Hire Grant Income Lottery Income Income from Café Total incoming resources Charitable activities Administration Cost Other Direct Cost Advertising Expense Security Costs Cleaning Exp. Counselling Service Insurance Expense Light & Heat Computer & Software Hire Purchase Stationary General Purchase Entertaining Subscriptions Sundry Expense Rent Rates Repairs and renewals Telephone & Data Travel & Subsistence Support costs Governance costs Accountancy and legal fees Net expenditure Reserve brought forward Reserve carried forward |
Unrestricted 2,000.00 19,333.22 10,000.00 667.00 9,700.99 39,701.21 41,701.21 - 6,711.34 4,080.00 10,292.40 - 2,400.00 1,358.24 167.18 - 13,704.90 290.27 2,054.60 650.00 69.93 - 11,899.97 1,678.40 56.99 204.00 490.45 56,108.67 1,000.00 57,108.67 12,984.26 2,423.20 - |
Restricted - - 7,650.00 - - 7,650.00 7,650.00 - - - - - 930.00 - - - - - - - - - - - - - - 930.00 - 930.00 2,648.23 9,368.23 |
YE 16/01/2023 2,000.00 19,333.22 17,650.00 667.00 9,700.99 47,351.21 49,351.21 - 6,711.34 4,080.00 10,292.40 - 3,330.00 1,358.24 167.18 - 13,704.90 290.27 2,054.60 650.00 69.93 - 11,899.97 1,678.40 56.99 204.00 490.45 57,038.67 1,000.00 58,038.67 15,632.49 6,945.03 |
YE 16/01/2022 1,000.00 4,105.04 41,431.86 514.00 5,554.18 |
|---|---|---|---|---|
| 51,605.08 | ||||
| 52,605.08 | ||||
| 400.00 8,099.50 1,200.00 27,819.60 30.00 4,552.00 232.41 - 1,093.98 4,000.00 903.61 1,465.56 725.00 39.96 35.52 14,779.31 259.15 1,649.63 204.00 - |
||||
| 67,489.23 1,000.00 |
||||
| 68,489.23 | ||||
| 31,342.74 | ||||
| 15,459 |