**BLOSSOM FOUNDATION TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2021** **CHARITY REGISTRATION NO: 1177641** ## **BLOSSOM FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2021** |**CONTENTS**|**PAGE**| |---|---| |LEGAL AND ADMINISTRATIVE INFORMATION|1| |REPORT OF THE TRUSTEES|2-3| |INDEPENDENT EXAMINERS REPORT|4| |STATEMENT OF FINANCIAL ACTIVITIES|5| |BALANCE SHEET|6| |NOTES TO THE FINANCIAL STATEMENTS|7-8| |DETAILED STATEMENT OF FINANCIAL ACTIVITIES|9| 1 ## **BLOSSOM FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2021** CHARITY REGISTRATION NUMBER: 1177641 REGISTERED OFFICE: Biz Space, Building 2M Wilson Park Monsall Road Manchester, M40 8WN TRUSTEES: Irantiola Omowunmi Adeosun Oluwatoyin Bangudu Bola Adewusi Omotunde Sherifat Oni INDEPENDENT EXAMINER Sigmez Accountants Ltd Business & Charity Advisors 192 Varley Street Miles Platting Manchester M40 7EJ 2 ## **BLOSSOM FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2021** The trustees present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a CIO, and constitutes an incorporated charity. ## **Risk management** The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss. The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** The Charity's objects are, for the benefit of the public:1) To To educate girls and young women through 1-2-1 sessions and coaching and to raise awareness on issues that affect young girls like mental health, bullying, self-image, peer pressure. - 2) To develop Life skills, and improve self-confidence. ## **Significant Activities** At Blossom Foundation we aim to Educate, Inspire & Empower the BME African girls aged 10-20 through their transitional stages of becoming an adult. In doing so we will identify issues from an early stage and intervene to help them be the best they can be and steer them away from a life of crime. Many of the girls and young women we support were vulnerable or at-risk before COVID-19, and the impact of Covid-19 meant some of the work we had done, have gone undone. As a result, we saw an increase in demand for our services, as some of our girls started displaying anger and behavioural issues, feeling depressed and having panic attacks. The lockdown meant, we were unable to meet and had to adapt our services and sessions for online use. This also meant we grow in number as where were able to reach a wider audience. Throughout the lock-down, we worked twice as hard to provide support to girls in the age group of 10-20 further to that, we also engaged parents by keeping in touch with them on a regular basis through telephone calls and zoom sessions. Over the past 12 months, we have worked with over 100 girls and 40 parents. We have seen quite a number of positive benefits from the services we have provided. An example is, through the delivery of our DBT sessions, we have seen an improvement in the mental health of some of our young people. One girl said; the DBT sessions helped her deal with her emotions around the loss of her father, and she is happy she had the sessions and she feels free to talk more about her feelings rather than bottle it all up in her mind, and she knows keeping a clear mind is good for her mental health”. Parents have come back to us to say with the training they have had, they are now equipped with what to look out for and know how to seek help on time and support their teens with mental health issues. ## **FINANCIAL REVIEW** The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future. Income - the total income for the twelve months under review was **£35,445** Expenditure - total expenditure in the year was **£31,058** . The Charity recorded an operating surplus for the year of **£4,387.** During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed. 3 ## **BLOSSOM FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2021** ## **STATEMENT OF TRUSTEE RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the Board of Trustees on 17th January, 2022 and signed: ON BEHALF OF THE BOARD: ............................................. **Irantiola Omowunmi Adeosun - Trustee** 4 ## **REPORT OF THE INDEPENDENT EXAMINER BLOSSOM FOUNDATION YEAR ENDED 31ST MARCH 2021** I report on the accounts for the year ended 31st March 2021 set out on pages five to nine. ## **Respective responsibilities of trustees and examiner** The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the preparation of the accounts. The Charity's Trustees consider that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiners report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached. ## **Omowunmi Shitta, ACCA FCA** Sigmez Accountants Ltd Business &Charity Advisors 192 Varley Street Miles Plating Manchester M40 7EJ Date: 17th January 2022 5 ## **BLOSSOM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2021** |||**Unrestricted**|**Restricted**|| |---|---|---|---|---| |||**funds**|**funds**|**Total funds**| |||**£**|**£**|**£**| |**INCOMING RESOURCES**|**Notes**|||**2021**| |**_Incoming resources from generated funds_**||||| |Voluntary Income|2|**10,521**|**24,924**|**35,445**| |**RESOURCES EXPENDED**||||| |Charitable Activities|3|3,199|20,300|23,499| |Support Costs|4|2,935|3,124|6,059| |Governance Costs|5|-|1,500|1,500| |Finance expense|6|-|-|-| |**TOTAL RESOURCES EXPENDED**||6,134|24,924|**31,058**| |**NET INCOME/EXPENDITURE FOR THE YEAR**||**£4,387**|**-**|**£4,387**| |**RECONCILIATION OF FUNDS**||||| |**Funds brought forward**||**5,331**|**-**|**5,331**| |**TOTAL FUNDS CARRIED FORWARD**||**£9,718**|**-**|**£9,718**| None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2021 other than those included in the statement of financial activities. The notes on pages 7 to 8 form part of these accounts. 6 ## **BLOSSOM FOUNDATION BALANCE SHEET YEAR ENDED 31ST MARCH 2021** |**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS: due within one year**
**Net Current Assets**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS:**
Opening Balance Equity
Surplus/(Deficit)
Total funds|**Notes**
8|**Unrestricted**
**Funds**
**£**
**9,718**
**-**
**9,718**
**9,718**
**£9,718**|**Restricted**
**funds**
**£**
**-**
**-**
**-**|**2021**
**£**
**9,718**
**-**
**9,718**
**9,718**
**£9,718**| |---|---|---|---|---| |||||| |||||**5,331**
**4,387**
**£9,718**| The financial statements were approved by the Board of Trustees on 17th January, 2022 and were signed on its behalf by: **…………………………………………………….** ## **Irantiola Omowunmi Adeosun - Trustee** The notes on pages 7 to 8 form part of these accounts. 7 ## **BLOSSOM FOUNDATION NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31ST MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Blossom Foundation meets the definition of a public benefit entity under FRS 102. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations and other incoming resources - Income from grants to carry out the objectives and activities of the charity. This includes workshops, 1-2-1 mentoring and First- Aid mental health trainings. ## **Resources expended** 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. ## Charitable activities Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the charity. These include both directly attributable costs and apportioned support costs. ## **Governance costs** Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost. ## **Taxation** The charity is exempt from corporation 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life where applicable. |useful life where applicable.|| |---|---| |Freehold property|- 2% on cost| |Furniture& equipment|- 20% on cost| |Motor vehicles|- 20% on cost| 8 ## **BLOSSOM FOUNDATION NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2021** |**2. VOLUNTARY INCOME**
COVID 19 RESPONSE - TNLCF
COMMON CALL
GMVC0
OTHERS - GRANT
Total incoming resources
**3. CHARITABLE ACTIVITIES**
COMMON CALL - Workshop
TNLCF - DBT Therapy sessions
TNLCF - Training Expenses
TNLCF - Project Cost
GMVCO
OTHERS - Charitable Activities
**4. SUPPORT COSTS: MANAGEMENT**
Rent
Print, post and Stationery
Telephone
Office and adminstrative expense
Adverts & Promotions
Equipments
**5. GOVERNANCE COSTS**
Consultancy and professional fees
Strategic Business planning
**6. FINANCE COST**
Bank Charges|**Unrestricted**
**funds**
**£**
0
0
0
10,521
**£10,521**
0
0
0
0
**0**
3,199
**3,199**
0
153
0
0
650
2,132
**2,935**
**0**|**Restricted**
**funds**
**2021**
**£**
**£**
18,924
18,924
3,000
3,000
3,000
3,000
0
10,521
**£24,924**
**£35,445**
3,000
3,000
2,250
2,250
3,300
3,300
8,750
8,750
3,000
3,000
0
3,199
**20,300**
**23,499**
1,914
1,914
0
153
300
300
910
910
0
650
0
2,132
**3,124**
**6,059**
0
**1,500**
**1,500**
**0**|**Restricted**
**funds**
**2021**
**£**
**£**
18,924
18,924
3,000
3,000
3,000
3,000
0
10,521
**£24,924**
**£35,445**
3,000
3,000
2,250
2,250
3,300
3,300
8,750
8,750
3,000
3,000
0
3,199
**20,300**
**23,499**
1,914
1,914
0
153
300
300
910
910
0
650
0
2,132
**3,124**
**6,059**
0
**1,500**
**1,500**
**0**|**2021**
**£**
18,924
3,000
3,000
10,521| |---|---|---|---|---| |||||| |||||| |||||3,000
2,250
3,300
8,750
3,000
3,199
**23,499**| |||||1,914
153
300
910
650
2,132
**6,059**
0
**1,500**
**0**| ## **7. TRUSTEES REMUNERATION AND BENEFITS** ## **Trustees' expenses** There are no paid staffs. Most tasks are carried out by the trustees who are not remunerated and do not receive any benefits for their activities as trustees. However, volunteers are reimbursed for their travel and substinance expenses. **8. CREDITORS : Amounts due within one year** **0** 9 ## **BLOSSOM FOUNDATION INCOME AND EXPENDITURE YEAR ENDED 31ST MARCH 2021** |**Incoming Resources:**
**Voluntary income:**
COVID 19 RESPONSE - TNLCF
COMMON CALL
GMVC0
OTHERS - GRANT
Total incoming resources
**RESOURCES EXPENDED:**
**Charitable activities:**
COMMON CALL - Workshop
TNLCF - DBT Therapy sessions
TNLCF - Training Expenses
TNLCF - Project Cost
GMVCO - Charity Activities
OTHERS - Charity Activities
**SUPPORT COSTS: MANAGEMENT**
Rent
Print, post and Stationery
Telephone
Office and adminstrative expense
Adverts & Promotions
Equipment
**GOVERNANCE COSTS**
Consultancy and professional fees
Strategic Business Planning
**FINANCE COST**
Bank Charges
**Total resources expended**
**Net expenditure**|**2021**
**£**
18,924
3,000
3,000
10,521
**£35,445**|**2021**
**£**
18,924
3,000
3,000
10,521| |---|---|---| ||3,000
2,250
3,300
8,750
3,000
3,199
**23,499**
1,914
153
300
910
650
2,132
**6,059**
0
1,500
**1,500**
**0**
**£31,058**|3,000
2,250
3,300
8,750
3,000
3,199
**23,499**| |||**£4,387**|