BLOSSOM FOUNDATION TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2023
CHARITY REGISTRATION NO: 1177641
BLOSSOM FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023
| 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 |
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BLOSSOM FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2023
CHARITY REGISTRATION NUMBER: 1177641
REGISTERED OFFICE: Unit 81, Cariocca Business Park Miles Plating Manchester, M40 8BB 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
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BLOSSOM FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' Acts 2011 and in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
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 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 create a link between young girls and statutory service provision; create intergenerational dialogue for smooth family and community cohesion; Culturally sensitive counselling, coaching and mentoring services and to provide leisure and Away reflective days and camps for young people. To develop Life skills, and improve self-confidence.
Significant Activities
We engaged in a variety of activities aimed at fostering personal growth and independence among our girls. This included a range of events such as office activities and outdoor walks during the half-term break, a thrilling rock-climbing day out, interactive online cooking sessions which allowed girls to choose and prepare dishes, an emotional intelligence workshop, and the unique "House of Chickens" event. Additionally, we actively participated in a gender-based violence event, underlining our commitment to addressing critical societal issues. Our participants took part in the Dream Weaver Event, providing them with a platform to showcase their projects and engage with other organisations such as the Lankelly Chase event, where our girls shared insights into the projects supported by Lankelly Chase, fostering collaboration and knowledge sharing among various groups. The annual Big Picnic/Sports Day, our traditional outdoor event took place in July.
After the summer break, we resumed our activities with the Pre-College/University Workshop covering CV building, money management, and work experience guidance. We organised a Seminar for Boys, aiming to provide valuable insights and support for young men. We participated in the Mama Black History Month event at Middleton Arena, where our girls engaged by reading poems and performing dances. We also conducted half-term skills for Life sessions focused on healthy eating and positive decision-making. Moreover, we piloted a Mother & Daughter Workshop at the Irish Centre Cheetham Hill, aiming to establish it as an annual event due to its significance. We also had fun and physical activity with roller skating sessions for our participants as we celebrated the end of year with a joyous Christmas party and awards ceremony on the 20th of December. The combined efforts of our engaged Board of Trustees, dedicated volunteers, supportive parents, and funding partners have been instrumental in driving the Blossom Foundation's mission forward. Their collaboration, commitment, and support have enabled us to create meaningful opportunities and empower girls and young women of African heritage to develop their self-esteem, independence, and skills necessary for a brighter future. The Blossom Foundation remained steadfast in its mission to empower girls and young women of African heritage throughout the reporting period. We continued to provide diverse and impactful activities aimed at personal growth, skill development, and community engagement.
FINANCIAL REVIEW
The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future.
The total income for the twelve months under review was £45,360 , while the total expenditure in the year was £44,800 . The Charity recorded an operating surplus for the year of £560.
During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
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BLOSSOM FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2023
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 reaasonale 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 10th December, 2023 and signed:
ON BEHALF OF THE BOARD:
.............................................
Irantiola Omowunmi Adeosun - Trustee
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REPORT OF THE INDEPENDENT EXAMINER BLOSSOM FOUNDATION YEAR ENDED 31ST MARCH 2023
I report on the accounts for the year ended 31st March 2023 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:
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examine the accounts under Section 145 of the 2011 Act
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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
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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:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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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: 10th December, 2023
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BLOSSOM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2023
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total funds | ||
| £ | £ | £ | ||
| INCOMING RESOURCES | Notes | 2023 | ||
| Incoming resources from generated funds | ||||
| Voluntary Income | 2 | 7,974 | 37,386 | 45,360 |
| RESOURCES EXPENDED | ||||
| Charitable Activities | 3 | 832 | 30,138 | 30,970 |
| Support Costs | 4 | 4,150 | 8,008 | 12,158 |
| Governance Costs | 5 | 1,672 | - | 1,672 |
| Finance expense | 6 | - | - | - |
| TOTAL RESOURCES EXPENDED | 6,654 | 38,146 | 44,800 | |
| NET INCOME/EXPENDITURE FOR THE YEAR | £1,320 | (£760) | £560 | |
| RECONCILIATION OF FUNDS | ||||
| Funds brought forward | 13,905 | - | 13,905 | |
| TOTAL FUNDS CARRIED FORWARD | £15,225 | (£760) | £14,465 |
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2023 other than those included in the statement of financial activities.
The notes on pages 7 to 8 form part of these accounts.
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BLOSSOM FOUNDATION BALANCE SHEET YEAR ENDED 31ST MARCH 2023
| 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 £ 14,465 - 14,465 14,465 £14,465 |
Restricted funds £ - - - |
2023 £ 14,465 - 14,465 14,465 £14,465 |
2023 £ 14,465 - 14,465 |
|---|---|---|---|---|---|
| 13,905 560 £14,465 |
The financial statements were approved by the Board of Trustees on 10th December, 2023 and were signed on its behalf by:
…………………………………………………….
Irantiola Omowunmi Adeosun - Trustee
The notes on pages 7 to 8 form part of these accounts.
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BLOSSOM FOUNDATION NOTES TO THE ACCOUNTS
YEAR ENDED 31ST MARCH 2023
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 |
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BLOSSOM FOUNDATION NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2023
| 2. VOLUNTARY INCOME LANKELLY CHASE BBCCIN MANCHESTER CITY COUNCIL BH EQUALITY CLOCKWORKERS OTHERS - GRANT Total incoming resources 3. CHARITABLE ACTIVITIES Facilitators Volunteers Wages Sessional workers OTHERS - Charitable Activities 4. SUPPORT COSTS: MANAGEMENT Rent Refreshments Training Equipment Telephone and Communication Insurance Employee PAYE & NI 5. GOVERNANCE COSTS Consultancy and professional fees 6. FINANCE COST Bank Charges |
Unrestricted funds £ 0 0 0 0 0 7,974 £7,974 0 0 0 0 832 832 0 0 400 1,296 1,094 268 1,092 4,150 1672 0 |
Restricted funds 2023 £ £ 23,000 23,000 2,936 2,936 5,550 5,550 2,500 2,500 3,400 3,400 0 7,974 £37,386 £45,360 2,280 2,280 1,500 1,500 15,962 15,962 7,000 7,000 3,396 4,228 30,138 30,970 6,208 6,208 1,800 1,800 0 400 0 1,296 0 1,094 0 268 0 1,092 8,008 12,158 0 1672 0 |
Restricted funds 2023 £ £ 23,000 23,000 2,936 2,936 5,550 5,550 2,500 2,500 3,400 3,400 0 7,974 £37,386 £45,360 2,280 2,280 1,500 1,500 15,962 15,962 7,000 7,000 3,396 4,228 30,138 30,970 6,208 6,208 1,800 1,800 0 400 0 1,296 0 1,094 0 268 0 1,092 8,008 12,158 0 1672 0 |
Restricted funds 2023 £ £ 23,000 23,000 2,936 2,936 5,550 5,550 2,500 2,500 3,400 3,400 0 7,974 £37,386 £45,360 2,280 2,280 1,500 1,500 15,962 15,962 7,000 7,000 3,396 4,228 30,138 30,970 6,208 6,208 1,800 1,800 0 400 0 1,296 0 1,094 0 268 0 1,092 8,008 12,158 0 1672 0 |
|---|---|---|---|---|
| 2,280 1,500 15,962 7,000 4,228 30,970 |
||||
| 6,208 1,800 400 1,296 1,094 268 1,092 12,158 |
||||
| 1672 0 |
7. TRUSTEES REMUNERATION AND BENEFITS
Trustees' expenses
Tasks were carried out by the trustees who were not remunerated and do not receive any benefits for their activities as trustees. However, volunteers are reimbursed for their travel and substinance expenses and wages paid to employed staff.
8. CREDITORS : Amounts due within one year
0
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BLOSSOM FOUNDATION INCOME AND EXPENDITURE YEAR ENDED 31ST MARCH 2023
| Incoming Resources: Voluntary income: LANKELLY CHASE BBCCIN MANCHESTER CITY COUNCIL BH EQUALITY CLOCKWORKERS OTHERS - GRANT TOTAL INCOMING RESOURSES RESOURCES EXPENDED: Charitable activities: Facilitators Volunteers Wages Sessional workers OTHERS - Charitable Activities SUPPORT COSTS: MANAGEMENT Rent Refreshments Training Equipment Telephone and Communication Insurance Employee PAYE & NI GOVERNANCE COSTS Consultancy & Professional fee FINANCE COST Bank Charges Total resources expended Net expenditure |
2023 £ 23,000 2,936 5,550 2,500 3,400 7,974 45,360 2,280 1,500 15,962 7,000 4,228 30,970 6,208 1,800 400 1,296 1,094 268 1,092 12,158 1,672 0 £44,800 |
2023 £ 23,000 2,936 5,550 2,500 3,400 7,974 45,360 |
|---|---|---|
| 2,280 1,500 15,962 7,000 4,228 30,970 |
||
| 6,208 1,800 400 1,296 1,094 268 1,092 12,158 |
||
| £560 |