REGISTERED COMPANY NUMBER: CE018691 (England and Wales) REGISTERED CHARITY NUMBER: 1185118
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2024
for
BE Global Foundation
BE Global Foundation
Contents of the Financial Statements for the Year Ended 31 July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Cash Flow Statement | 6 |
| Notes to the Financial Statements | 7 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
BE Global Foundation
Report of the Trustees
for the Year Ended 31 July 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of 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).
STRATEGIC REPORT
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated Organisation, as defined by the Charities Act 2011 (the 2011 Act).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE018691 (England and Wales)
Registered Charity number
1185118
Registered office
Flat 8 Westwood House Westwood Park Droitwich Worcestershire WR9 0AD
Trustees
Ann Wilson Trustee Camilla Frederika Phillips Trustee Nick Edmund Burton Trustee Yu-lin Wilson Trustee
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, 29 May 2025
as the company directors, on ............................................. and signed on the board's behalf by:
.......................................................... Yu-lin Wilson - Trustee
Page 1
Independent Examiner's Report to the Trustees of BE Global Foundation
Independent examiner's report to the trustees of BE Global Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sajjad Jaffer FCCA Harris Accountancy Services Ltd Cobalt Square, 83 Hagley Road Birmingham B16 8QG
27 May 2025
Date: .............................................
Page 2
BE Global Foundation
Statement of Financial Activities for the Year Ended 31 July 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Donations Administrative Expenses Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.7.24 Unrestricted fund £ 389,904 - 158 390,062 1,358 239,518 69,922 32,919 343,717 46,345 76,683 123,028 |
31.7.23 Total funds £ 501,209 2,237 438 503,884 11,011 338,235 149,543 1,487 500,276 3,608 73,075 76,683 |
|---|---|---|
The notes form part of these financial statements
Page 3
BE Global Foundation
Balance Sheet
31 July 2024
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
31.7.24 Unrestricted fund £ 125,263 (2,235) 123,028 123,028 123,028 123,028 123,028 |
31.7.23 Total funds £ 82,349 (5,666) 76,683 76,683 76,683 76,683 76,683 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 May 2025
............................................. and were signed on its behalf by:
............................................. Yu-lin Wilson - Trustee
The notes form part of these financial statements
Page 4
BE Global Foundation
| Cash Flow Statement for the Year Ended 31 July 2024 Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.7.24 £ 42,756 42,756 158 158 42,914 82,349 125,263 |
31.7.23 £ 6,244 6,244 438 438 6,682 75,667 82,349 |
|---|---|---|
The notes form part of these financial statements
Page 5
BE Global Foundation
Notes to the Cash Flow Statement for the Year Ended 31 July 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||||
|---|---|---|---|---|
| 31.7.24 | 31.7.23 |
|||
| £ | £ | |||
| Net income for the reporting period (as per the Statement | ||||
| of Financial Activities) | 46,345 | 3,608 | ||
| Adjustments for: | ||||
| Interest received | (158) | (438) | ||
| (Decrease)/increase in creditors | (3,431) | 3,074 | ||
| Net cash provided by operations | 42,756 | 6,244 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.8.23 | Cash flow | At 31.7.24 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 82,349 | 42,914 | 125,263 | |
| 82,349 | 42,914 | 125,263 | ||
| Total | 82,349 | 42,914 | 125,263 |
The notes form part of these financial statements
Page 6
BE Global Foundation
Notes to the Financial Statements for the Year Ended 31 July 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will 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 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.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
continued...
BE Global Foundation
Notes to the Financial Statements - continued
| for the Year Ended 31 July 2024 2. DONATIONS AND LEGACIES Donations Gift aid 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest 5. RAISING FUNDS Raising donations and legacies Events costs 6. CHARITABLE ACTIVITIES COSTS Donations Administrative Expenses |
Direct Costs (see note 7) £ 239,518 5,741 245,259 |
31.7.24 £ 313,235 76,669 389,904 31.7.24 £ - 31.7.24 £ 158 31.7.24 £ 1,358 Support costs (see note 8) £ - 64,181 64,181 |
31.7.23 £ 501,209 - 501,209 31.7.23 £ 2,237 31.7.23 £ 438 31.7.23 £ 11,011 Totals £ 239,518 69,922 309,440 |
|---|---|---|---|
Page 8
continued...
BE Global Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2024
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Donations paid Subcontractor fees |
31.7.24 £ 239,518 5,741 245,259 |
31.7.23 £ 338,235 79,550 417,785 |
|---|---|---|
| 8. SUPPORT COSTS Management Finance £ £ Other resources expended 869 982 Administrative Expenses 43,534 - 44,403 982 Governance Other 2 costs £ £ Other resources expended - - Administrative Expenses 14,640 6,007 14,640 6,007 |
Other £ 25,327 - 25,327 Totals £ 27,178 64,181 91,359 |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
10. STAFF COSTS
| Wages and salaries Other pension costs |
31.7.24 £ 42,000 1,073 43,073 |
31.7.23 £ 40,115 983 41,098 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| 31.7.24 1 |
31.7.23 1 |
|---|---|
No employees received emoluments in excess of £60,000.
Page 9
continued...
BE Global Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2024
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 501,209 | |
| Other trading activities | 2,237 | |
| Investment income | 438 | |
| Total | 503,884 | |
| EXPENDITURE ON | ||
| Raising funds | 11,011 | |
| Charitable activities | ||
| Donations | 338,235 | |
| Administrative Expenses | 149,543 | |
| Other | 1,487 | |
| Total | 500,276 | |
| NET INCOME | 3,608 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 73,075 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 76,683 |
Page 10
continued...
BE Global Foundation
| Notes to the Financial Statements-continued for the Year Ended 31 July 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses 13. MOVEMENT IN FUNDS At 1.8.23 £ Unrestricted funds General fund 76,683 TOTAL FUNDS 76,683 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 390,062 TOTAL FUNDS 390,062 Comparatives for movement in funds At 1.8.22 £ Unrestricted funds General fund 73,075 TOTAL FUNDS 73,075 |
31.7.24 £ 686 49 1,500 2,235 Net movement in funds £ 46,345 46,345 Resources expended £ (343,717) (343,717) Net movement in funds £ 3,608 3,608 |
31.7.23 £ 784 3,442 1,440 5,666 At 31.7.24 £ 123,028 123,028 Movement in funds £ 46,345 46,345 At 31.7.23 £ 76,683 76,683 |
|---|---|---|
Page 11
continued...
BE Global Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 July 2024
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 503,884 503,884 |
Resources expended £ (500,276) (500,276) |
Movement in funds £ 3,608 3,608 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.8.22 in funds 31.7.24 £ £ £ 73,075 49,953 123,028 73,075 49,953 123,028 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 893,946 893,946 |
Resources expended £ (843,993) (843,993) |
Movement in funds £ 49,953 49,953 |
|---|---|---|---|
Page 12
continued...
BE Global Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 July 2024
14. RELATED PARTY DISCLOSURES
During the year, the charity received donations of £300,000 from one of its trustees, Yulin Wilson.
Page 13
BE Global Foundation
| Detailed Statement of Financial Activities for the Year Ended 31 July 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Events costs Charitable activities Donations paid Subcontractor fees Other Office supplies Rent and Service Charges Support costs Management Wages Pensions Telephone Training workshop and seminars Finance Bank charges |
31.7.24 £ 313,235 76,669 389,904 - 158 390,062 1,358 239,518 5,741 245,259 1,963 3,778 5,741 42,000 1,073 572 758 44,403 982 |
31.7.23 £ 501,209 - 501,209 2,237 438 503,884 11,011 338,235 79,550 417,785 1,487 - 1,487 40,115 983 350 - 41,448 799 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
BE Global Foundation
| Detailed Statement of Financial Activities for the Year Ended 31 July 2024 Finance Information technology Website development Other Rates and water Insurance Light and heat Travelling and subsistence Other 2 Advertising Governance costs Accountancy and legal fees Total resources expended Net income |
31.7.24 £ - 4,386 1,923 4,331 14,687 25,327 14,640 6,007 343,717 46,345 |
31.7.23 £ 2,424 313 1,411 74 1,951 3,749 - 21,573 500,276 3,608 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15
Issuer
Harris Accountancy Services Ltd
Document generated Mon, 19th May 2025 14:00:45 BST
Document fingerprint 76801bee5b18d16b22465d2ef9195dd9
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Sajjad Jaffer - Signer (17cd4238d393e9a9885e80a7a661f0ee) Ms Yu-Lin Wilson - Signer (c2cb722ba0efdc51d8d21eabf8e70ef8)
Audit history log
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Envelope generated with fingerprint ded006ccbd039bfb73f94c9f02bcc405 (35.176.231.177)
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