Seven Up Charity Charitable Incorporated Organisation
FINANCIAL STATEMENTS
period ended 31 March 2021
Registered Charity Number 1179683
Seven Up Charity
Charitable Incorporated Organisation
FOR THE PERIOD ENDED 31 March 2021
CONTENTS
| Page | |
|---|---|
| Trustees Report | 2 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 10 |
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Seven Up Charity
Charitable Incorporated Organisation
REPORT OF THE TRUSTEES FOR THE FINANCIAL STATEMENTS period ended 31 March 2021
The trustees present their Annual Report and Financial Statements for the year ended 31 March 2021. The financial statements 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.
Structure, Governance and Management
Seven Up Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 17 July 2018. It was established 28 August 2018.
| Trustees | Tracey Varnam - Chair |
|---|---|
| Louise Dacre | |
| Joan Hayden | |
| Shabila Khan | |
| Maureen Rahman | |
| Registered Office | All Saints Centre |
| 2 Vicarage Road | |
| Kings Heath | |
| Birmingham | |
| B14 7RA | |
| Bankers | Unity Trust Bank |
| Nine Brindleyplace | |
| Birmingham | |
| B1 2HB |
Responsibilities
The trustees are responsible for keeping sufficient accounting records, disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of Seven Up Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Membership of the CIO is restricted to its trustees. There must be at least three charity trustees, although there is no maximum number of charity trustees that may be appointed to the CIO. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the
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effective administration of the CIO. Trustees will induct new trustees with a copy of the constitution and the CIO’s latest Trustees’ Annual Report and statement of accounts.
Decisions are made by simple majority of votes at a meeting of trustees or by resolution made in writing or in electronic form and agreed by all trustees.
The trustees confirm that due regard has been given to the Charity Commission guidance on public benefit.
Day-to-day management of the Charity’s affairs is delegated to the Development Lead, Simbi Folarin.
Objectives and Activities
The objectives of the Seven Up Charity are: For the public benefit, to help children and young people in Birmingham (and especially, but not exclusively, those who are disabled or who have mental health or other additional needs), in particular through providing inclusive play, youth and leisure time activities; so as to develop their capabilities, relationships and experience that they may grow as individuals, flourish and come to fulfil their potential as full and active members of society.
Achievements and Performance
Like many organisations we have had a year of challenge and change. Adapting to new working practices and finding creative solutions to providing remote services for children and young people while in the midst of a global pandemic. While our offer of face-to-face services ceased we were able to provide fortnightly ‘play packs’ to isolated children and young people. These were well received and provided some relief during the first lockdown period. By August 2020 we were able to commence delivery of our summer programme, incorporating changes required to meet Government guidance on keeping children and families safe.
Our Annual General Meeting was online giving us the opportunity to talk about the challenges we have experienced and how families have been affected by the pandemic. There was much to share about the things that had gone well. A major highlight was a short video about our work, making it easier for organisations and families to understand the benefits of Seven Up. Feedback from families is that our services contribute significantly to the wellbeing of their children and young people.
Our second year of our major three-year funding grant from National Lottery Community Fund commenced in February 2021. A key aspect of this funding is the development of services for young people who are college leavers. Again our initial plans have been impacted by Covid 19 and the restrictions on the number of people who can be together indoors. Other key funders have been Short Breaks for Disabled and the second year of the Children in Need small grants programme.
Seven Up Charity continues to offer a range of accessible, inclusive services; including the delivery of alternate Saturdays (two per month), play (5-10 years) and youth (12-25 years) sessions; holiday youth and play schemes and three weekly term–time afterschool play sessions at Hamilton Special School. Daytime/weekday sessions for young adults who are NEET [Not in Employment, Education or Training] providing opportunities for volunteering, skills development and events. Working with young adults has required us to develop policy and procedures so we have a clear understanding of our role and responsibilities in Safeguarding Adults at Risk from Harm.
Our work is possible through the ongoing relationships, partnerships and support we receive from Dens of Equality, Children’s Quarter, Hamilton Special School, Spurgeons Charity, ATHAC (Access to Heritage Arts and Culture) and The Hive, Jewellery Quarter.
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This year’s challenges have shown us that we are able to adapt to changes, thanks to our Charity Trustees, a dedicated workforce, and partner organisations who have worked with us to find solutions.
Financial Review
The results for the year and financial position are set out in the Statement of Financial Activities (page 6) and the Balance Sheet (page 7).
Trustee Remuneration & Related Party Transactions
No members of the management committee or trustees have received any remuneration during the year.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
Risk
The trustees have assessed the major risks to which the Charity is exposed, in particular with regard to changing funding opportunities arising in the coming financial year.
Reserves Policy
The trustees have agreed that funds should not be allowed to fall below the level of six months anticipated expenditure, deemed necessary to cover running costs in the event of a major variation in circumstances. Spare reserves and unrestricted funds are monitored quarterly.
Declaration
This report was approved by the trustees 28 July 2021 and signed on their behalf by:
Trustee
Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
Seven Up Charity
I have examined the accounts for the year ended 31 March 2021 on pages 6 to 9 following which have been prepared on the basis of the accounting policies set out on page 8.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities 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 Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with 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 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Mahmud Kasu 13 July 2021 Independent Examiner
49 Bayswater Road Perry Barr Birmingham B20 3AJ
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Seven Up Charity
Charitable Incorporated Organisation
Statement of Financial Activities (Incorporating the Income and Expenditure Account) FOR THE PERIOD ENDED 31 March 2021
| Note INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 Investment income Total Incoming Resources RESOURCES EXPENDED Charitable activities 3 Governance costs 4 Total Resources Expended Net Movement in Funds Fund balances at 31 March 2020 Fund balances at 31 March 2021 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2020 £ £ £ £ 10,971 125,555 136,526 126,365 - - - - 10,971 125,555 136,526 126,365 3,195 139,488 142,683 94,451 249 600 849 899 3,444 140,088 143,532 95,350 7,527 14,533 - 7,007 - 31,015 10,831 38,847 49,678 18,663 18,358 24,314 42,672 49,678 |
|---|---|
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
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Seven Up Charity
Charitable Incorporated Organisation
Balance Sheet as at 31 March 2021
----- Start of picture text -----
Note 2021 2020
£ £
FIXED ASSETS
Tangible assets 6 - -
CURRENT ASSETS
Debtors 7 - -
Cash at bank (inc. investment account) 8 89,008 50,208
89,008 50,208
CURRENT LIABILITIES
Liabilities falling due within one year 9 46,336 530
Net Current Assets 42,672 49,678
NET ASSETS 42,672 49,678
FUND BALANCES
Unrestricted funds
General Funds 10 18,358 10,831
Restricted Funds 10 24,314 38,847
42,672 49,678
----- End of picture text -----
These financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015).
These financial statements were approved and signed on behalf of the trustees 28 July 2021.
Trustee Trustee
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Charitable Incorporated Organisation
Seven Up Charity
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2021
1 Accounting Policies
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: 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.
The following are the accounting policies which have been applied in dealing with material items:
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a) Accounts are prepared on a going concern basis.
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b) Donation and grant income
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Donated income and grants receivable are taken into account when received by the charity.
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c) Interest arising on cash balances is recognised when credited. d) The Charity is exempt from taxation on income. e) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Restricted funds are subjected to restrictions on expenditure imposed by the donor/funder.
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e) Fixed assets and depreciation
Fixed assets acquired are capitalised and depreciated over their estimated useful life unless they cost less than £1000 when they are written off on purchase.
| 2 Voluntary income General donations Grants receivable: Short Breaks for Disabled Children Children in Need - Small Grants Children's Qtr (Healthy Happy Hols) Heart of England (Coventry BS) Big Lottery - Reaching Communities Forest Schools - BCC Other income: Session donations Invoiced services Miscellaneous 3 Charitable activities Cost of charitable activities Staff wages / pensions & er's overheads Other staff costs - DBS & training Venue hire Ground projects Session equipment Resources / workshops Session transport Project, Policy & Dev Consultancy Insurance Office rent and costs Stationery / postage, IT & telephone Printing, promotion & website Bank charges Other Charitable activity cost |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ - - - - - 51,810 51,810 56,972 - 9,800 9,800 9,616 - - - 2,730 - - - 2,000 - 57,345 57,345 48,439 - 6,600 6,600 - 853 - 853 6,008 5,406 - 5,406 600 4,712 - 4,712 - 10,971 125,555 136,526 126,365 Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 824 114,144 114,968 78,812 - 4,181 4,181 1,298 - 3,351 3,351 550 - 1,731 1,731 1,547 - 1,143 1,143 - 918 5,613 6,531 2,897 - 1,322 1,322 3,162 553 - 553 - - 743 743 742 360 3,240 3,600 3,600 180 1,481 1,661 1,082 75 2,417 2,492 534 - 72 72 72 285 50 335 155 3,195 139,488 142,683 94,451 |
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Seven Up Charity
Charitable Incorporated Organisation
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2021
| 4 Governance costs Unrestricted Funds £ Accounts and examination 125 Trustees management meetings 124 Legal expenses - 249 5 Paid employees Gross Wages (inc employer's NI/pension) No employee received emoluments of more than £60,000 per an Average number of full-time equivalent employees: Direct charitable work Co-ordination / Administration |
Restricted Total Total Funds 2021 2020 £ £ £ 600 725 530 - 124 369 - - - 600 849 899 2021 2020 £ £ 113,528 77,766 113,528 77,766 num. 2021 2020 5.00 3.00 1.50 1.00 6.50 4.00 |
|---|---|
No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
| 6 Fixed Assets Equipment at cost Accumulated depreciation Add charge for year Net book value 7 Debtors and prepayments Debtors Prepayments Other (grants payable) 8 Cash at bank and in hand Unity Trust Bank Petty Cash 9 Creditors: liabilities falling due within one year Grant funding 21/22 prepayment Accuals Accruals: Governance |
2021 2020 £ £ - - - - - - - - - - 2021 2020 £ £ - - - - - - - - 2021 2020 £ £ 88,934 49,969 74 239 89,008 50,208 2021 2020 £ £ 44,532 - 1,079 - 725 530 46,336 530 |
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Seven Up Charity
Charitable Incorporated Organisation
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2021
10 Funds
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
| Unrestricted & General Funds Short Breaks for Disabled Children Children in Need - Small Grants Big Lottery - Reaching Communities Forest Schools - BCC The assets and liabilities represented by Restricted funds Unrestricted funds |
Opening Incoming Outgoing Transfers Closing balance resources resources in the year balance £ £ £ £ £ 10,831 10,971 3,444 - 18,358 - 51,810 48,627 - 3,183 - 9,800 4,692 - 5,108 38,847 57,345 80,169 - 16,023 - 6,600 6,600 - - 49,678 136,526 143,532 - 42,672 the various funds are as follows: Bank Other net Total balances assets £ £ £ 68,847 44,532 - 24,315 20,161 1,804 - 18,357 89,008 46,336 - 42,672 |
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