Charity number: 1178348
Be More Foundation
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/05/2021
Prepared By: David Stott Accoutancy Services 59 Medhurst Crescent Gravesend Kent DA12 4HJ
Be More Foundation
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/05/2021
TRUSTEES
Ricky Dhell Nichola Dhell Eminjeet Kaur Kandola
REGISTERED OFFICE
CHARITY NUMBER
1178348
BANKERS
Barclays
ACCOUNTANTS
David Stott Accoutancy Services 59 Medhurst Crescent Gravesend Kent DA12 4HJ
page 1
Be More Foundation
ACCOUNTS FOR THE YEAR ENDED 31/05/2021
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Accountant's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 10 |
| Detailed Statement of Financial Activities | 9 |
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Be More Foundation
FOR THE YEAR ENDED 31/05/2021
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/05/2021
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was to provide young people with the tools and support structures they need to become life champions and create positive futures for themselves. We will support young people directly at our academy in Kent.
STRUCTURE GOVERNANCE AND MANAGEMENT
There are 3 Trustees of the Charity and they have been in place since the inception. 1 Trustee is called as the Chair.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on
R Dhell Trustee
page 3
Be More Foundation
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF BE MORE FOUNDATION, FOR THE YEAR ENDED 31/05/2021
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Be More Foundation for the year ended 31/05/2021 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the FMAAT, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Be More Foundation, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Be More Foundation and state those matters that we have agreed to state to the Board of Directors of Be More Foundation, as a body, in this report, in accordance with the requirements of the FMAAT as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Be More Foundation and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Be More Foundation has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Be More Foundation. You consider that Be More Foundation is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Be More Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
David Stott Accoutancy Services 59 Medhurst Crescent Gravesend Kent DA12 4HJ
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Be More Foundation
Statement of Financial Activities for the year ended 31/05/2021
| Income Income from generated funds Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 54 54 94 94 (40) (40) 3,350 3,310 |
Restricted funds £ - - - - - - - - |
2021 Total £ 54 54 94 94 (40) (40) 3,350 3,310 |
2020 Total £ 3,108 |
|---|---|---|---|---|
| 3,108 | ||||
| 583 | ||||
| 583 | ||||
| 2,525 | ||||
| 2,525 825 |
||||
| 3,350 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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Be More Foundation
BALANCE SHEET AT 31/05/2021
| Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 5 General fund |
3,309 3,309 |
2021 £ 3,309 3,309 3,309 3,309 |
3,350 3,350 |
2020 £ 3,350 |
|---|---|---|---|---|
| 3,350 | ||||
| 3,350 | ||||
| 3,350 |
For the year ending 31/05/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on and signed on their behalf by
.............................
Ricky Dhell Trustee
page 6
Be More Foundation
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/05/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. 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.
1c. 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.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. 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.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
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Be More Foundation
2. EMPLOYEES
2021 2020 No. No. - - Average number of employees 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 £ £
4. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/05/2021 there were members.
5. UNRESTRICTED FUNDS
| General fund | Brought forward £ 3,350 3,350 |
Incoming resources £ 53 53 |
Outgoing resources £ (94) (94) |
Transfers £ - - |
Carried forward £ 3,309 |
|---|---|---|---|---|---|
| 3,309 |
Charitable Donations
Donations from the Public
6. RESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | Carried forward |
|---|---|---|---|---|
| £ | £ | £ | £ | £ |
page 8
Be More Foundation
Incoming Resources for the year ended 31/05/2021
| Incoming resources Incoming resources from generated funds |
2021 £ 54 54 |
2020 £ 3,108 3,108 |
|---|---|---|
page 9
| Be More Foundation | 2020 £ 583 |
|
|---|---|---|
| Expenses for the year ended 31/05/2021 Expenses Costs of generating funds Charitable Activities Basis of the Charity Resources Expended Charitable Activities 1 |
2021 £ 94 94 94 |
|
| 583 | ||
| 583 |
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