Seven Up Charity Charitable Incorporated Organisation
FINANCIAL STATEMENTS
period ended 31 March 2024
Registered Charity Number 1179683
Charitable Incorporated Organisation
Seven Up Charity
FOR THE PERIOD ENDED 31 March 2024
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 2024
The trustees present their Annual Report and Financial Statements for the year ended 31 March 2024. 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 | Shabila Khan - Chair |
|---|---|
| Nazia Allen | |
| Louise Dacre | |
| Joan Hayden | |
| Maureen Rahman | |
| Jennifer Thomas | |
| Tracey Varnam | |
| 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
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trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the 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
Seven Up Charity continues to offer a range of accessible, inclusive services, including: the delivery of alternate Saturday (two per month), play (5-10 years) and youth (12-25 years) sessions; holiday youth and play schemes; 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. We are thankful for ongoing funding support from our main grant funders: Children’s Quarter, Laudau Limited, Birmingham Children’s Trust, and other neighbourhood funding.
2023-2024 has been a difficult year for Seven Up Charity to navigate. The difficulties faced by Birmingham City Council have introduced uncertainty within the voluntary sector in Birmingham. For the 2023-2024 year the pre-existing funding commitments were honoured. Review of funding will be inevitable and so this uncertainty will continue into the next financial year.
January 2023 was the end of our Reaching Communities three-year grant. Due to awaiting confirmation of council funding streams this has delayed continued funding resuming until April 2024.
We continue to manage a commissioned services at Hamilton School – a Friday in-school play session for a small group of children whose parents are not available to collect them at 1pm.
The Trustees have supported and taken part in a local ‘walking challenge’ for the charity in June 2023, enabling local accessible fundraising opportunity for parents and young people; they enjoyed it so much they are aiming to make it an annual event.
We are also grateful for the generosity of Jaguar Landrover and the Team at EE Birmingham Snowhill for gifting us with donations from their charity fundraising appeals.
Our work is possible through the ongoing relationships, partnerships and support we receive from: Dens of Equality, Children’s Quarter, Hamilton Special School, Reaching Communities, Spurgeons Charity, ATHAC
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IAcces5 to Heritage Arts and Culturel. Crick Garden's CIC. and The Hive Ip.wgllery auarter. A big thank you also for the commitment of our Trustee5; many of whom are dealing wrth personal difficult life situations. Hnanclal Review The results for the year and financial position a set out in the Statement of Financial Artivrties Ipage 61 and the Balance Sheet Ipage 71. Trustee Remuneration & Related PartyTransactl¢s No members of the management committee or trustees have receNed any remuneratlon during the year. No trustee or other person related to the th•rlty had any personal interest iri any ¢ontract or trJnsa¢tlon entered into by the charity during the year. sk The trustees have assessed the major risks to which the Charity is exposed. in particular wtth regard to changing fundin8 Opportunities arising in the coming financial year. Reserves Pollcy The trustees have a8reed that funds should not be allowed to fall below the level of six months anticipated expenditure, deemed necessary to cover runnin8 costs in the event of a major variatlon in circumstances. Spare reserves and unrestricted funds are monitored quarterly. Declaratlon Thi5 report was approved by the trustees 27 July 2024 and slgnèd on their behalf by: Trustee Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
Seven Up Charity
I have examined the accounts for the year ended 31 March 2024 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 5 July 2024 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 2024
| 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 2023 Fund balances at 31 March 2024 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2023 £ £ £ £ 30,805 113,573 144,378 205,377 - - - - 30,805 113,573 144,378 205,377 73,921 120,732 194,653 199,206 820 - 820 1,719 74,741 120,732 195,473 200,925 43,936 - 7,159 - 51,095 - 4,452 47,667 7,159 54,826 50,374 3,731 - 3,731 54,826 |
|---|---|
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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Sèven Up Charlty Balance Sheet as at 31 March 2024 2024 2Ct23 FIXED ASSETS Tangbble as8el$ CURRENT ASSETS Debtors Cash at bank Ono inve81ment attjxbnt) 2,043 3,617 5.860 61.483 61.483 CURRENT LIABIUTIES abilities falling du• within om ye4r Nel Current Assets 1,929 8,857 3.731 54,826 MET ASSETS 3.731 54,826 FUND 8ALAMCES Unrestricted fvnds General Funds 10 3,731 47.667 Restricted Funds 10 7,159 3.731 54,826 The8e fln•n¢ial ststemwts have been Pryred in accordw¢e *ith the Financ401 Reporting St¥ndords for Smamer Entstb•S {effecbve janu 2015). These flnandal statemerf$ ¥pwoved and siw•d on behaf of the trustees 27 Juty 2024. Trustee Tw#eè
Charitable Incorporated Organisation
Seven Up Charity
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024
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:
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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.
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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. 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.
- 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 Grants receivable: Short Breaks for Disabled Children Children in Need - Small Grants Children's Qtr (inc HAF Funding) Heart of England Big Lottery - Reaching Communities NNS - Perry Barr NNS - Ladywood NNS - Northfield Landau Limited Birmingham Sport & PA Trust Other income: General donations 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 2024 2023 £ £ £ £ - 71,167 71,167 55,049 - - - 10,487 - 6,382 6,382 9,344 - 1,964 1,964 - - - - 106,878 - 4,500 4,500 - - 5,030 5,030 - - 500 500 - - 19,235 19,235 - - 4,795 4,795 - 8,554 - 8,554 193 6,600 - 6,600 7,295 15,651 - 15,651 16,131 - - - - 30,805 113,573 144,378 205,377 Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 41,143 102,266 143,409 160,239 26,479 1,185 27,664 9,726 - 6,440 6,440 5,161 - 225 225 2,167 - 171 171 4,693 - 7,534 7,534 4,117 - 2,801 2,801 6,591 - - - - 647 - 647 1,057 3,486 - 3,486 2,491 998 - 998 1,996 - 110 110 110 251 - 251 221 917 - 917 637 73,921 120,732 194,653 199,206 |
|---|---|
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Seven Up Charity
Charitable Incorporated Organisation
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024
| **4 ** | Governance costs | Unrestricted | Restricted | Total | Total |
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Accounts and examination | 700 | - | 700 | 950 | |
| Trustees management meetings | 120 | - | 120 | 769 | |
| Legal expenses | - | - | - | - | |
| 820 | - | 820 | 1,719 | ||
| **5 ** | Paid employees | 2024 | 2023 | ||
| Gross Wages (inc employer's NI/pension) | £ 143,409 |
£ 160,239 |
|||
| 143,409 | 160,239 | ||||
| No employee received emoluments of more than £60,000 per annum. | |||||
| Average number of full-time equivalent employees: | 2024 | 2023 | |||
| Direct charitable work | 5.50 | 6.50 | |||
| Co-ordination / Administration | 2.00 | 2.50 | |||
| 8.00 | 9.00 |
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 prepayment Accuals Accruals: Governance |
2024 2023 £ £ - - - - - - - - - - 2024 2023 £ £ 1,043 - 1,000 - - - 2,043 - 2024 2023 £ £ 3,599 61,475 18 8 3,617 61,483 2024 2023 £ £ - 4,795 1,229 912 700 950 1,929 6,657 |
|---|---|
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Seven Up Charity
Charitable Incorporated Organisation
Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024
10 Funds
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
| are as follows: | |||||
|---|---|---|---|---|---|
| Opening | Incoming | Outgoing | Transfers | Closing | |
| balance | resources | resources | in the year | balance | |
| £ | £ | £ | £ | £ | |
| Unrestricted & General Funds | 47,667 | 30,805 | 74,741 | - | 3,731 |
| Short Breaks for Disabled Children | - | 71,167 | 71,167 | - | - |
| Children in Need - Small Grants | 7,159 | - | 7,159 | - | - |
| Neighbourhood Network Schemes | - | 10,030 | 10,030 | - | - |
| Landau Limited | - | 19,235 | 19,235 | - | - |
| Birmingham Sport & PA Trust | - | 4,795 | 4,795 | - | - |
| 54,826 | 136,032 | 187,127 | - | 3,731 | |
| The assets and liabilities represented by the various | funds are as | follows: | |||
| Restricted funds | Bank balances £ - |
Other net assets £ - |
Total £ - |
||
| Unrestricted funds | 3,617 | 114 | 3,731 | ||
| 3,617 | 114 | 3,731 |
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