REGISTERED CHARITY NUMBER: 1181029 Report of the Trustees and Unaudit•d Financlal Statements forthe Year Ended 31 Mar¢h 2024 BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Contants of the Flnanclal Statemants for the year ended 31 March 2024 Pag• Reference and Admlnl3tratlvo Datalls Roport of the Trustees 2 to 10 Indapendent Examlnorfs Report 11 Statement of Fln•nclal Actlvltles 12 Balance Shaet 13 Notes to the Flnanclal Statsmènts 14 10 20 Detailed Statemont of Financlal ActlvStles 21
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO R¢fèrnnca and Admlnlstratlve Detalls for the year ended 31 March 2024 TRUSTEES Halena Coury Claire Bloor{resigned 15.3.24} Simon Allen Jennifer Perez Melissa Hillier Rev RogerJohn Driver Sarah Williarns Ms Kale Morton Caroline Haworth Nicky Tew PRINCIPAL ADDRESS The Archway Offic8 4-5 Chapel Row Bath BAI 1SQ REGISTERED CHARITY NUMBER 1181029 INDEPENDENT EXAMINER Richardson Swft Chartered Accounlanls 11 Laura Place Bath BA2 48L Page 1
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Report of the Trustees forthe year ended 31 March 2024 The Iruslees present their report with the financlal ststemenls of the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8POrtlng Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The aims of the CIO are sel out in its conslitullon as: 111 To promote any charitable purposes for the benefit of Ihts public, principally, but not exclusNely, in the local government area of Bath and North East Somerset its environs and, in particular, bulld the capaaty of Third Sector organisalion8 and provide them with the necessary support, Infomialion and servlc88 to enable them to pursue or conlrtbule to any charftsble purpose. (21 To promote, organise and facililale co-operation and partnership working between Third Sector, statutory and other relevant bodies in the achievement of the above purposes within the area of benefit. 'Third Sectorf, means ¢harilies. voluntary organis81ions and social enterprises. "Charities" a organisalions, which are established for exclusively charitable purposes in accordance with the law of England and Wales. 'Voluntary organisalions" and Social Enterprises are independent organisations, which are 8stsblished for purposes that add value to th8 community as a whole, or a significant section of the community, and which are not permitted by their eonslitulion lo make a profil for private distribution. Voluntary org8nisations and social ènterprises do not include local government or other statutory authorities. The CIO has power lo do anything that is calculated lo further ils objectives or is Conducive or inudental to doing so. rhe income of the CIO musl be applsed solely towards the promotion of the obleclives. The CIO was entered on the Register of Charities on 6th December 2018 with registered charfty number 1181029. This Teporting peri of 1st April 2023 to March 31st 2024 was the fifth period of operation of the cio. Page 2
BATH AND NORTH EASTSOMERSETTHIRD SECTOR GROUP CIO Rèport of the Trust••s for the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES Slgnlflcant activitles This f5nancial year has seen growth for 3SG, both in terms of finances, sustainability and staffing. Aifiya Khan joined us in August as Project Manager and by January 2024 we had welcomed our second Projoct Manager with a focus on Volunteering. Tonl Green, and Soclal Pres¢ribing Project Manager, Dav Jenkins, by mid-march 2024. This growth was primarily due to new funding opportunities the Social Economy Wesl programrne fijnded via Business West & WECA for Ihe next 2.5 years, and the Social Prescribing role funded through the Active Way until March 2026. In the past year or so, il has become emdent that 3SG is moving into a new phase in its work, whlch includes focus on advocacy and long term strategy for the Thlrd Seotor in B&NES. Thls became apparent from Christmas 2023, when the Councll announced il would need to find £1.3m of savings from Community Contracts and Earfy Help. Since then. the 3SG Director has been campaigning for an equal partnership between Third Sector providers and the Local Authority wlh better transparency and cornmunication. This work is Ilkely lo be ongoing for some time lo come. Due lo the growth of the chatY and ils ambition for the future. the team have benefitted from clavelopmenl days and coaching for the Director, winning a place on tha Fuluie Talent programme in 2024. The most significant event of this financial year was 3SG's first ever Volunteer Fair. which took place on 1st September 2023. This saw over 40 charities exhlbS1ing al Ihe Apex Hotel In Bath, with talks and workshops taking place on the subject of volunteering throughout the day. Over 200 loc81 rasidenls Mslted and the feedback was so posllive Ihat we dacided lo host another event in 2024. The Fair was possible in 2023 due lo a one-off Contain Outbreak Management Fund (Government pandemic funding). We hope this will become an annu81 event for the local Third Sector and to help increase awareness of the essential 8UPPOrt provided by 3SG members to local communities. The other significant projects of the financi81 year, which will be ongoing, are Social Economy Wesl and our strategic work on Social Prescribing. Social Economy West is offering 12 hours of fre& sustainability support for growing social enterprises, using 3SG, consultsnts and mentors, with 3SG coordinating. This work has been particularly important as we continue to work closely with Bath Spa University and the Bath Social Impact Network. We have also teamed up with Cool Ventures who offer start up support, ensuTing that we have a start up lo sustsinability niodel, with the NebNork as the umbrella peer support. The Social Prescribing project is part of 3SG'8 ongoing work In health, with a strategic focus on how we better connect the work of Third Sector partners and medlcal practice. Davtd Jenklns has been mapping the currnnl providers and looking al a wider system change in futur8, given what is availabla and with the now prime providef frofn April 25. We are really pleased that this work has been extended for another year as it Is a huge place of strategic work Sn what has been a changing {and challenging) landscape. Our slralegi¢ work continues with 3SG's close relationship with the Community Wellbeing Hub. Funding saw 3SG developing a new strategy and business plan for sustainable funding 8nd ¢ornmunity engagement at the Hub. Includlng brSnging in new commlssioned partners Into this space and strengthening the Hub's offer. With th8 growth of the team we have worked hard lo be more avallable to members and moro visible as we build the charity's profile. 3SG was part of the 8&NES Community Awards judging panel and has also SLJPPOrted the Hoallh Inequalities funding distributed by the B&NES. Swindon & Wiltshire IBSWI Integrated Care System IICSI. Wa were honoured lo be invited lo Bath Abbey to celebrate the 850th Annwersary of the Sl John's Foundation which was also attend8d by Her Majesty The Queen. 3SG is very aware that it supports mernbers outside of Bath and w8 worked hard this financial year to widen the organisation's offer lo parts of North East Somersel. We are looking lo see how this offer can be extended 8nd improved upon in future. Our events outside of Bath worked alongside community venues such as the Hlve in Peasedown St John, Midsomer Norton Community Trust and Hope House Surgery in Radslock. Page 3
BATH AND NORTH EAST SOMERSET THIRD SECTOR GROUP CIO Report of thé Trustees for the year èndèd 31 March 2024 OBJECTIVES AND ACTIVITIES 3SG once agaln worked with Connect Bath to reach out lo lo(*l schools across B&NES as part of th8
Christmascompassion campaign. The school children designed over 1,500 Christmas cards with
heartsvarming messages, poems and even jokes, which were Sent lo care homes. charities and individuals, homes lo bring some festive cheer lo those in need. 3SG received a further tsvo years of funding from the Sl John's Foundation for the Ageing Well Network from January 2024. working closety wilh Age UK B&NES, 3SG is bringing together organisalions working with older people with a continuing strategic focus. The wider Ageing Well programm8 aims to make B&NES an Age Friend community recognised by the World Health Organisation. Thanks to the ongoing commitment of our Operations & Content Coordinator, Emma Huggill, the 3SG website, social meéia and communications continues to offer a wealth of Information for the Sector, and we regularly receiv¢ feedback from members about the vital nature of this resource. Public benefit 3SG's activities dellver public benefit by encouraging partnership working and giving a collectThie voice to the Third Sector in 8&NES so that its mernbers Can influence local policy for the benefit of those they support. 3SG does this by creating an environment in which representatives from the Third Sector can influence local strategic decision making, whiL81 providing capaclty building, promoting partnership working and running training and eOrkIng opportunltles. 3SG's miss•)n Is to actively slrenglhen the Third Sector in B&NES. Page 4
BATH AND NORTH EAST SOMERSET THIRD SECTOR GROUP CIO Report of th• Trusteès for the year ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE 3SG Membership numbérs Whilst 3SG has seen mernb6rship increase again In IhSs financial year, there has been a sllghlly smaller number joining and urrfortunaI8, due lo the current clima18, some charflles have a180 closed. 30 new mernbers joined beiween 1st April 23- 31st March 24. Sixteen of our new members receive free membership with InMe under £10k, five wer8 in the £125-250 bracket. Members received 51 newsletters beeen April 2023 to March 2024 with the latest news. events, lobs and opportunities for the sector. Dedicated mailers have also been sent on lime sensitive subjects or invites. particularly for the Inlegraled Care Updates and the Ageing Well Network, bul we have been careful to time these accordingly so as nol to overwhelm the membership. 3rd Sector Surv•y 3SG's annual Sector 8urv8y was conducted beeen Nov8mb8r and December 2023 among readers of the 3SG newsletter who were sent an onllne questlonnaire. The majorSty of organisations which responded came from member charities, social enterprises and non-profit organisalions. Each organisalion submitted a single response to the survey lo avoid duplicath)n and this year 68 organisations responded. The findlngs gave a clear inslghl into the challenges f8cing local charfties and other non-profll organlsalSons In the year ahead. Unsurprisingly, these ware an increase in demand for services, having lo deliver more for less and navigating rising costs. The survey findings can be viewed here. Th8 Sutvey highlighted key are8s of ¢on¢ern for the Third Sector in B&NES'. Capaclty.. 760h of organL%allons r6ported worklng al or over capaclty, whlch had grown from 680A in the previous year. Income pSsUreS.. 16% reported looking for new income streams in a challenging funding cllmale, 8howlno that our social economy work Is Smportanl. Those seeklng fundlng from new fundlng from tradSng act(ty had doubled. Long term funding.. 75 of organisations were very or m(xJeY8lely concerned about long lem) funding. Increase in reserve usage.. An increase of 7% of organisalions were using reserves to Cover corg costs. Volunteering= 66Qh were concemed about volunteeriThJ services, including recruilmenl and retention of volunleors. Morale.. Staff morale rated good or excellent had dropped from 66°A to 43%. Recruitment: 590/0 were very or MeratelY ncerned about staff recruitment Compared lo 750A in the previous year. We know that 3SG's advocacy work is needed - one of the key quotes from the survey includgd.. 'Charilies need lo be able lo use our voice to Challenge and focus on systemic, long-term change., Page 5
BATHAND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Report of the Trust•&s for the year onded 31 March 2024 Integrated Care System This has been a challenging landscape with a combination of a large financial reslruclure of the B&NES, Swindon & Wilishire Integrated Care 808rd IBSW ICB} and recent procur8rn8nl activity. The BSW VCSE Alliance. which 3SG 15 part of, is starting lo find ils feel and become an effective representslwe for the Third Sector in B&NES. cascading infomiation in and out of the system. Funding has been secured for Ihe next financi81 year for this work and we are looking lo neighbouring Bristol, North Somersel and South Gloucestershire IBNSSG) about how money from the BSW ICB couhd be filtered into the Sector as this model develops. 3SG has m8d8 good Inroads and contacts wllh the Senior team on the ICB, and during this year ran update events for 3SG members which featured guest speakers prèsenting on relevant work streams to keep members up to date and informed. More focussed projects, such as health inequalities, are starting lo feature and needing direct Third Sector input. The 3SG Dlrector attends the folbwing meetlng on a regular basi8= Monthly VCSE Alliance with fellow CEOS for Swindon and Witshire to discuss cDordination of representing the sector in the spaS mentioned below. Monthly VCSE Alliance with a member of the ICB Executive. Inlegraled Care Alliance Imostly Chairod by 3SG Chair ofTrustees, Kale Morton). Integrated Care Partnership. Integrated Care Board (ExecUVe Board, as inviledl. Trustee Kale Morton sils on the Health & Wellbeing Board. Trustee Simon Mlen sits on the Alliance Delivery and Operational Group {ADOG). Events 3SG continues lo increase its 8venls programme year on year, continuing lo offer members a respOnSe and useful resource for learning and nefv40rking. We have continued lo nurture good working relationships with IcKal venues and encourage 3SG memb&r org8nisalions to host loo, so that shared le8rning can take place and the member has a platform for the work that il does. We also hope that this will foster greater collaboratv)n moving fow8rd. Events hove included.. The Volunteer Fair 2023- exhibitk)n and workshops at the Apex Hotel, Bath Quarterly ScKials for informal NetsorkIng. Leaders, NeOrk with speclfic focus on particular subjects. 3SG tearned up with local cancer charity members lo talk about how they had collaborated for the annual 'Strenglh in Style. fashion show. for example. This opened up a very interesting ev8ning of organisations being open lo working with others, something grant funders are looking lo encourage. Meet the Funder events. Integrated Care updates. Lunch and Learn events (recordlng8 of sesslons, ldeS and resources are also available for members, lo vlew at Ih8lr lelsuro). Dedicated events to look al hopes and fears around commissioning. facllitated by consultant, Sarah Willirnent, from Farleigh Performance. Page 6
BATH AND NORTH EAST SOMERSET THIRD SECTOR GROUP CIO Rèport of the Trustee$ for the y•ar onded 31 March 2024 3SG's regular NeOrkS now include.. - Leaders, NebNork. Fundraising and Communications with Bath Fundraisers. Group. Ageing Well. Bath Social Impact NeOrk with Bath Spa University. We abNays share meeting notes and resources with participants or those who have subscribed lo partiGular topics lo ensure th8t members that cannot attend ar& still fu15y informed. Regular comms in our newsletter, website and social med58 publicisa events. Summary 3SG's core rnission remalns- lo bring together local Third Sector organisations. give a voice to local charities. communlty groups and social enterprises and use Connections lo influence decision making. The organis8tion has a story to tell from hyper k)cal, srnall scale support lo Third Sector organisalions, lo growng ils membership to much larger bodies, such as the National Trust. 11 coordinated the local pandemic response with over 2,000 local volunteer8 and has now moved into a new phase of advocacy work with a growing. dedicated team. Moving forward, 3SG needs lo look at a new, three-year Strategy to en8bEe the growth and sustalnability of the charity. Mor& work to come on thls In 2025 and which we hop8 wlll 888 an expansion of our offlce and staff to help vAlh capacity and developm8nl. We believe that Third Sector infrastructure support is cruci81, now more than ever. WSlh 8 mlx of local aulhollty funding cuts, new procurement conlra¢ts, rising pressures in demand and sector wellbeing, 3SG is the conduit for support and the voice of a Sector that often does not have the lime or resources lo be in those spaces or champion ils work. We hope that as 3SG grows, we will be able lo raise the profile of the Third Sector in B&NES and mak8 11 an equal partner al the tsble when strategic decisions are being made. Paoe 7
BATHAND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Report of thé Trustees for the year endèd 31 March 2024 FINANCIAL REVIEW Flnanclal posltlon The CIO'S income lotalled £129,892, in which £84.1( came from restricted Grants. The maln grants were from Sl John's Foundation. Contsin Outbreak Management Fund and the NHS. A large donallon from one private philanthropist was recelved and income was generated vla partnershlp work. income generated via advertising local charity jobs and membershlp Income. In March 2022, 3SG was awarded £54,000 lo the BSW VCSE Infr8struclure Alliances paid over 3 years. The funding agreement ends in March 202S and supports VCSE lime and activity in NHS spaces. The CIO generated £14,552 Membership income over the perfod compared lo £15,830 in the previous year. Merllbershlp income has decreased by 80A but the number of mernbers continues to grow from 179 10 209. The decrease In membership income will be due lo 3 larger number of organisalions joining that fall into the free membeiship category (under £10,000 pal. The CIO gen8raled £3.965 in Advertl8ing income over the perfod compared to £5,790 in the previous year. Jobs income on the website has decreased by 32°k and il was likely that this peaked post pandemic. Addilionalty, cost of living prossures are now seeing either freezes in recruilmenl or 8 reluctance lo spend as much on advertisin9. 3SG now receives very little in regular public donations as this was a kind response to the pandemic and the charity 18 currèntly not public facing, apart from its work in hosting the Volunteer Fair. There is no doubt that the financial environment it is operating in is ch811enging, bul longer term funding from the Council, NHS and wid8r projects such as Social Economy Wesl, will help secure 3SG's future. Unreslrfcled Teserves ara èqulvanI lo 12.5 months of runnlng costs. In January 2024, 3SG reiVed funding of £50,000 lo cover the Social Prescribing Project Management post. This funding was carried over into the Financial Year 2024125 in order lo o)ver the Costs incurred. Staff costs were higher than usual In this financial year due lo the team growing from 3 to 5. This financial year the CIO continued its ongoing work In seeking suslainabk Income lo protect 3SG's fijlure, working more closely wf(h the Local Authority and WECA. Reserves poll It Is the Trustees, oblectlve to hold free reseeS to cover al least thr88 months, operath)nal costs. This amounts to £36.000, unr&stri¢ted reserves al 31 March 2024 are £150.559 which meet this policy. The Trusl8es consider the charlty has sufficient forecast Income and available reseNes to cover thg ongoing activities of the charity in the foreseeable fulure. Based on the slralegy and growth objectives of the charity, the Trustees are comfortable with the lev81 of reseNes al 31 March 2024. Page 8
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Report of the Trustees for the year ended 31 Mar¢h 2024 FINANCIAL REVIEW Golng concern The Trustees consider that the charity will continu& as a going concern for a period of at least 12 months from the dale on which these financial ststements are approved for the following reasons.. The charity holds unreslricled reserves of £150,559. The charity Currently maintains a healthy cash flow. Income has increased over the last year. The charity has ambition lo grow - il aims lo expand ils staffing team from five to eight. inclLJJing a new part-time Adminislralor and Charity Development Officer. The Trustees therefore eon8lder1t appropriate lo adopt the going conc8rn basis for the preparation of the accounts. The plan for the year ahead Is 10 8ecure longer term funding lo pay for the new staff posts and Investment of some reseryes will be needed for upgradlng systems, office equipment and potentially. office space. We will develop a new. three year strategy and aim lo raise the profile of both 3SG and its members through ils marketing and advocacy work. 3SG will continue to play a strategic part in loc81 social enterprise, social prescribing and working closely wh the Community Wellbeing Hub and the new Wellness conlracl providers, Everyone Health. We also aim lo continue our work in strengtheniThJ the volunteering offer across B&NES. 3SG will contlnue to provlde a strong voice for the Third Sector across BaNES. both al ICS level and wllh the Local Aulhorlty. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The CIO is overseen by a board of nine Trustees. The Current Trustees are.. Kal8 Morton, Chair of Trustees, Melissa Hillier, Vice Chair of Trustees, Roger Driver. Caroline Haworth, Nicky Tew. Sarah Williarns, Jenny Perez, Simon Alen and Ha18n8 Coury ITreasurer}. 3SG is managed by the Director of the charity, Rebecca Brooks. The Trustees, addresses and period in office are retaSned on the CIO'S register of Twslees. Accounting records were kept in this period of all transactions In Xero Accounllng Sothre and the 8ccounts comply wlth legal requirements. The accounts are fomially appfoved by Trustees each year and th8 CIO uses an Independent 8xaminer. 3SG has undertaken a skills audit lo ensure there Is a range of skills on the Board that the organisalK)n needs lo grow and thrive. Vacant Trustee positions are advertised via 3sg.org.uk, the fortnightly 3SG e-newsleller and via social media. Any vacancies arising may be filled by the decision of the Trustees al the Annual General Meeting. The members tsf the Charity Trustees may at any time dechle lo appoint a new Charity Trustee, whether in place of a Charity Trustee who has retired or been removed or as an additional Charity Trustee. provided that the limit specified on the number of Charity Trustses would not, 88 8 result, be exceeded. 3SG already has policies in place for Equal Opportunities, Confllcl of Interest, Health and Safoty, Oats Protection, Financial Controls and our Environmental responslbllllles lo ensure11 Is meetlng requlr8ments as an employer and reglslered charity. Page 9
BATHAND NORTH EASTSOMERSEfTHIRD SECTORGROUPCIO Report of IheTruslees lorlheyear ended 31 March 2024 Approved by order of the board of tru51eesbyemail exchange on 30.01.2025 and signed on its behalf by.. Ms Kale Morlon-Truslee Page10
Indopendent Examinor's Report to the Trustges of Bath and North East Sornerset Third Sector Group CIO Independent examlner's report to the trustees of Bath and North East Somerset Thlrd Sector Group cio I report lo the charity Iruslees on my examination of the accounts of Bath and North East Somerset Third Sector Group CIO Ilhe Trust) for the year ended 31 March 2024. Responslbilitles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'}. I report In respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Sectson 145{5llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trusl as required by Section 130 of the Act- or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter Considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reaehed. Catherine Edwards Richardson Swift Chartered A¢counlanl$ 11 Laura Place Bath BA2 4BL Date.. Page11
BATHAND NORTH EASTSOMERSETTHIRD SECTOR GROUP CIO Statsment of Flnanclal Actlvltl¢s fortho year ended 31 March 2024 2024 Total funds 2023 Totsl funds Unrestrlcled Restrlcled funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacEs 25,229 80.100 105,329 202.887 Othar trading activities Investment Income 18,251 2,312 4,000 22,251 2,312 31,765 464 Total 4S.792 84,1(M) 129.892 235,116 EXPENDITUREON Raising furn18 180 180 Charitable actlvltlos Charitable Activities Support and govemance costs 26,678 17,633 103,300 2.328 129,978 19,962 131.658 43,394 other Total 45,125 105,628 150,754 17S.232 NET INCOMEIIEXPENDITUREI 121.5281 120,862) 59.884 RECONCILIATION OF FUNDS Total funds brought fanard 149,893 21.528 171,421 111.537 TOTAL FUNDS CARRIED FORWARD 150.560 150.559 171,421 The notes form part of these financ¢al slaternents Page 12
BATHAND NORTH EASTSOMERSTH1RD SECTOR GROUP CIO Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Reslricled funds lunds Notes FIXEDASs5 Tangible assets 1.734 1,734 392 CURRENT ASSErs Debtors Cash al bank 15,130 145,99 15.130 227,550 2,005 260.720 81.556 161.124 81.556 242,680 261725 CREDrroRS Amounts lalling due within one year 112,2991 181,5561 193,855) 191.6961 NEfcuRRENfASSErs 148.825 148.825 171,029 ToTALASSs LESS CURRENTLIABILITIES 150,559 150,559 171.421 NEfASSErs 150.559 150,559 171.421 FUNDS Unrestricted funds Restricted funds 150,559 149,893 21,528 TOTALFUNDS 150,559 171.421 The financial 5tateThents were approved by the Board of Trustees and aulhorised for issue on .30.01.2025 and were signed on its behalf by.. Kale Morlon-Truslee The note5 form part of these flnancial statements Page13
BATH AND NORTH EASTSOMERSETTHIRD SECTOR GROUP CIO Not8S to the Flnanclal Statements for the year endod 31 kfjarch 2024 ACCOUNTING POLICIES 8asl$ of preparing the financlal statements The financial statements of tha charity, whlch Is a public benefit entlty under FRS 102, have been prepar8d in accordance wlth the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Pracllce applicable lo charities preparing their accounts in accordance wllh the Financial Repong Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2Q19)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The flnanaal slalements have been prepared under the historical cost convention. A¢counting estimates and k8yjudgement$ In the application of the charity's accounting policies, the trustees are required lo make ludgements. eslimales and assumptions about the carrying values of assets and 1Sabllilles that are not re8di apparent from other sources. The estimates and und8rtySng assumptions are based on hislorl¢al experience and other factors that are consid8r8d lo be relevant. A¢lual results may differ from these estlmal88. The eslirnales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period In which the estimate is revised if the revision affects only that period. or in the perfod of revision and future riodS if the rewsion affects bl=olh current and future periods. There 8re no key sources of estimation uncertainty that have a slgnific8nt effect on tho amounts recognised in the financial slatemenls. Income All income Ss recognised In the Statement of Financial Activities once the charity has entitlement lo the funds,any performance conditions attached lo the Item of income has been met, it is probabla that the income will bg received and the amount can be measured reliably. Income from the government and other grants, whether 'c8Pitaf grants or 'Trvenue' grants. Is recognised when the charity has enlillement lo the funds, any perforrnance conditions attached to the grants have been mel, il is probable that the income will be received and the amount can be measured reliably and is not deferred. Incorne received In advance relates to membership fees for 2023124 and reslrl¢led grant incorne relating lo staff costs r1 yet incurred. This income is deferred untll criteria for income recognition are Donated sarvlcès and facllltles Donated professlonal services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit can be measured reliably. In accordance ¥th the Charities SORP {FRS1021. general volunteer lime is not recognised. On receipt, donated professN)nal seNices and donated f8cilities are recognised on the basis of the value of the gift lo the charity which is the amount the charity woukl have been willing lo pay lo obtain services or facilities of equivalent economic benefit on the open market.. a coiresponding amounl is then recognised in expenditure in the period of receipt. Interest r•celvable Interest on funds held on deposit is included when receivable and the amounl can be measurod reliably by the charity.. this is normally upon nolificalion of the interest pald or payable by the bank. Page 14 continued...
BATH AND NORTH EASTSOMERSETTHIRD SECTOR GROUP CIO Notes to the Fin¥n¢lal Stat•m•nts- continued for thè yèar ended 31 March 2024 ACCOUNTING POLICIES-¢ontlnued Expéndlturo Liabilities are recognised as expenditure as soon as there is a legal or construcllve obligation committing the charity to that expenditure. il Is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be dir8clly attributed lo particular headings they have been allocated lo aclivitles on a b8sis consislenl with the use of resources. Tanglble flxed assots Depreciallon Is provided al the followng annual rates in order lo write off each asset over its estimated useful life. Fixtures and fittings Computer equipment Straight line over 5 years Slraighl line over 3 years Taxatlon The charlty Is 8xempl from lax on its charitable act5vitS. Fund accounting Unr8Stricted funds can be used In accordance with the charitable objectives at the dlscrelion of the trustees. R8slricted funds can only be used for particular reslricled purposes within the objects of the charity- Reslriclions arise when specifEd by the donor or when funds are raised for particular reslricled purposes. Further explanation of th8 nature and purpose of each fund InCILed In the notes to the financial statements. Pension costs and other post.retirement beneflts The charlty oper8t&s a defined contribution penslon Scheme. Contrlbutions payable lo the charlty's pension scherne are chargwj lo the Slalemenl of Financlal Activities in the period to which they relate. Flnanelal Instruments The charity onty has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently recognised al amortised cost using the effective interest method. OTHER TRADING ACTIVITIES 2024 2023 Charitable Aclivmes 22,251 31.765 Page 15 linued..
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Notes to the Financlal Statem8nts- continued for the y•ar èndad 31 March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 2,312 464 TRUSTEES. REMUNERATION AND BENEFITS There were no ITUStees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses Theie were no trustees, expenses paid for the year ended 31 March 2024 nor for the year erKled 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nds Restricted fun¢Js Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 39,605 163,282 202,887 Other trading activities Investment Income 26,815 464 4.950 31,765 464 Total 66,884 168.232 235,116 EXPENDITURE ON Ralsing funds 180 Charltablé actlvltles Charitable ActivS1ies Support and governance costs 131,579 30,973 131,658 43,394 12,421 Total 12,680 162.552 175,232 NET INCOME 54.204 5,680 59,884 RECONCILIATION OF FUNDS Total funds brought forward 95,688 15,849 111,537 TOTAL FUNDS CARRIED FORWARD 149,892 21,529 171.421 Page 16 continued...
BATH AND NORTH EAST SOMERSETTHIRD SECTOR GROUP CIO Notes to tho Flnanclal Statements- continued for the year ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures a1 frttings Computer equipment Totals COST At 1 April 2023 Additions 480 799 1.836 1,279 1,836 Al 31 March 2024 2.635 3,115 DEPRECIATION Al 1 April 2023 Charge for year 599 302 192 494 Al 31 March 2024 480 S01 1,381 NET BOOK VALUE At 31 March 2024 1,734 1.734 At 31 March 2023 192 200 392 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 debtors Prepaym8nts and accrued irume 2,130 13,000 2,005 15,130 2.005 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation ané social security Other creditors 208 3.074 88.414 3,663 90,192 93,855 91.696 Included in other creditors is deferred revenue as follows.. ICB Agelng Well Neiwork Funding BANES Social Prescribing £22.833 £8,723 £50,000 Page 17 continued...
BATH AND NORTH EAST SOMERSET THIRD SECTOR GROUP CIO Notes to the Flnanclal Statèm•nts- continuod for thè yèar èndèd 31 March 2024 MOVEMENT IN FUNDS Nel movement in fijnds At 31.3.24 Al 1.4.23 Unrestrlcted funds General fund 149,893 150.559 Restricted funds Contain Outbreak Management Fund BANES COMF2 Resilient Comrnunilies Funding 18,698 118,698) 2,830 {2.8301 21.528 (21.5281 TOTAL FUNDS 171.421 {20.8621 15Q,559 Nel movement in funds, Included in tha above arg as folk)ws'. Incoming resources Resources expended Movement In funds Unrestricted funds General fund 45,792 145.1261 666 R•strl¢tèd funds Contain Outbreak Management Fund BANES COMF2 Reslllenl Communlll8s Funding BANES Communlty Wellbeing Hub Cost of Living Fund B&NES ICS Ongoing Capacity Funding Ageing Well Network Funding Bath Social Impact Nettvork- Bath Spa University Social Economy Wesl BANES COMF1 {18.698} {18,698} 18,698 7,000 121,5281 17,0001 {9001 131,8331 111.8911 (2,830) 31,833 11,891 4,000 12,572 15,904 14,0001 112,5721 115,9041 84,100 1105,6281 121,528) TOTAL FUNDS 129.892 1150,7541 120.862) Page 18 continued...
BATH AND NORTH EASTSOMERSETTHIRD SECTOR GROUP CIO Notss to the Flnanclal Statements - contlnued for the year ended 31 March 2024 MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Nel movement in funds At 31.3.23 At 1.4.22 Unrestdctsd funds General fund 95,688 54,205 149,893 Réstrlcted funds Contain Outbreak Management Fund BANES COMF2 Resllient Cornmunlties Funding 15,849 2,849 18,698 2.830 2,830 15,849 5,679 21,528 TOTAL FUNDS 111,537 59,884 171,421 Comparative net movement in fijnds. included in the above are as follows= Incomlng resources Resources expended Movement in funds Unrestrlcted funds General fund 66,884 112,6791 54,205 Rostrict•d funds St John's Foundation Contain Outbreak Management Fund Quartet Heallhwalch- In Trustees We Trust BANES COMF2 Resilient Communities Funding Cost of Living Fun Together Fund School for Social Entrepreneurs Ageing Well Network Funding 15.267 8.333 7.500 910 115.2671 15,4841 17,5001 (9101 2,849 25,446 4.100 3.CNJO 95,182 8,494 122,6161 14.1001 13.0001 195,1821 18,4941 2,830 168.232 1162.5531 5.679 TOTAL FUNDS 235,116 {175,232} 59,884 Page 19 conllnued...
BATH AND NORTH EAST SOMERSET THIRD SECTOR GROUP CIO Notès to thè Financial Statements. contlnuèd for the year ended 31 March 2024 10. RELATED PARTY DISCLOSURES There were no ralaled party transactions for the year ended 31 March 2024. Page 20
BATH AND NORTH EAST SOMERSEf THIRD SECTOR GROUP CIO Detalled Statement of Flnanclal Actlvltles for the year endod 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Don•tlons and l•gaci8S Donations 105,329 202.887 Other tradlng actlvltl&s Charitable Activities 22,251 31.765 Inv•stment Income Deposit account interest 2.312 464 Totsl In¢omlng resources 129,892 235,116 EXPENDITURE Ralslng donatlons and legacies Fundraising Charitable activltles staff costs Computer and inlemet costs Marketing Events expenditure Charitable contributions 116,973 2,555 2.837 7,613 97,253 5,716 1,429 27,219 41 129,978 131,658 Othèr Tralnlng and dovelopmenl 634 Support costs Management Office costs Travel and subsistence 2,933 1,804 93 4,785 4,737 4,878 Flnanca Bank chargeg Depreciallon of tangible fixed assets 368 494 362 362 Othér Insurance 1,293 781 Governanco Costs Accountancy and professlonal fees 13,070 37,373 Total resources expents 150.754 175.232 Net lexpendlturelllncome 120,862) 59,884 This page does not fomi part of the statutory financial slaternents Page 21