**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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Tue, 27th May 2025 10:11:05 BST Thu, 29th May 2025 20:50:18 BST Sajjad Jaffer - Signer (17cd4238d393e9a9885e80a7a661f0ee) Ms Yu-Lin Wilson - Signer (c2cb722ba0efdc51d8d21eabf8e70ef8) ## **Audit history log** ## **Date** ## **Action** Mon, 19th May 2025 14:00:45 BST Mon, 19th May 2025 14:00:45 BST Mon, 19th May 2025 14:00:45 BST Mon, 19th May 2025 14:00:45 BST Mon, 19th May 2025 14:00:45 BST Mon, 19th May 2025 14:00:54 BST Mon, 19th May 2025 14:00:54 BST Mon, 19th May 2025 14:00:54 BST Wed, 21st May 2025 16:56:59 BST Mon, 26th May 2025 14:01:13 BST Tue, 27th May 2025 10:10:20 BST Tue, 27th May 2025 10:11:05 BST Tue, 27th May 2025 10:11:06 BST Tue, 27th May 2025 10:11:06 BST Tue, 27th May 2025 14:24:13 BST Tue, 27th May 2025 14:36:23 BST Tue, 27th May 2025 14:36:43 BST Tue, 27th May 2025 22:39:53 BST Wed, 28th May 2025 19:48:47 BST Envelope generated with fingerprint ded006ccbd039bfb73f94c9f02bcc405 (35.176.231.177) Document generated with fingerprint 76801bee5b18d16b22465d2ef9195dd9. (35.176.231.177) Sajjad Jaffer has been assigned to this envelope. (35.176.231.177) Ms Yu-Lin Wilson has been assigned to this envelope. (35.176.231.177) Envelope has been set to automatically remind the active signer every 7 day(s). (35.176.231.177) ## Envelope generated Sent the envelope to Sajjad Jaffer for signing Document emailed to party email (18.175.226.242) Sajjad Jaffer viewed the envelope (149.40.126.16) Document emailed to party email (18.175.224.138) Sajjad Jaffer viewed the envelope (149.40.126.16) Sajjad Jaffer signed the envelope (149.40.126.16) Sent the envelope to Ms Yu-Lin Wilson for signing (149.40.126.16) Document emailed to party email (3.8.146.75) Sent Ms Yu-Lin Wilson a reminder to sign the document. (18.133.63.166) Ms Yu-Lin Wilson viewed the envelope (51.155.153.187) Ms Yu-Lin Wilson viewed the envelope (51.155.153.187) Ms Yu-Lin Wilson viewed the envelope (80.46.83.212) Ms Yu-Lin Wilson viewed the envelope (80.46.83.212) Thu, 29th May 2025 8:21:46 BST Thu, 29th May 2025 20:49:48 BST Thu, 29th May 2025 20:50:19 BST Thu, 29th May 2025 20:50:19 BST Ms Yu-Lin Wilson viewed the envelope (80.46.83.212) Ms Yu-Lin Wilson viewed the envelope (80.46.83.212) Ms Yu-Lin Wilson signed the envelope (80.46.83.212) This envelope has been signed by all parties (80.46.83.212)