Charity number: 1187676
The Bloomers Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 05 April 2022
The Bloomers Trust Contents Page For the year ended 05 April 2022
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
The Bloomers Trust Report of the Trustees
For the year ended 05 April 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 05 April 2022. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Bloomers Trust supplies, wherever possible, items requested by Caseworkers for vulnerable women and babies whom they are supporting. This includes: Push chairs, Moses Baskets, High chairs, Cots etc. These items will be second hand goods of the highest quality. This will also include items purchased new which are considered as essentials for nursing mums including: breast pads, maternity wear.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
The charity has secured funding partners that have supported the charity this year. The trustees are grateful and foresee these partnerships continuing into the future. An employee has been taken on this year to support operations. Quizzes are organised to continue to raise awareness of what the charity does.
FINANCIAL REVIEW
Reserves
The charity has generated a deficit of £4,207 for the year, of which £767 is in restricted funds. This is compared to a surplus for the period ended 5 April 2021 of £11,182, of which £7,000 was in restricted funds.
Surpluses funds carried forward as at 5 April 2022 amounted to £6,975, of which £6,233 is in restricted funds. This is compared to supluses carried forward as at 5 April 2021 of £11,182, of which £7,000 was in restricted funds.
The charity is run with few overheads and as such has a minimal requirement for reserves.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Bloomers Trust is a registered charity, number 1187676, and is constituted under a trust deed.
Recruitment and appointment of trustees
There are no provisions within the constitution for selection of Trustees other than by existing trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Bloomers Trust Charity registration number 1187676 Principal address Suite 2069 Letraset Building Wooton Road Ashford Kent TN23 6LN
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Anna Victoria Barker Kieran Frank Osborne Victoria Elizabeth Glennie
1 of 10
The Bloomers Trust Report of the Trustees Continued For the year ended 05 April 2022
Independent examiners
Swift Accountancy Limited Swift Farm, Sandy Lane Ashford Kent TN26 1JN
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 30 June 2022 Kieran Frank Osborne
2 of 10
The Bloomers Trust Statement of Financial Activities For the year ended 05 April 2022
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Total Expenditure on: Charitable activities Care package fulfillment Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 3,888 537 4,425 (7,865) (7,865) (3,440) 4,182 742 |
Restricted funds £ 2,348 - 2,348 (3,115) (3,115) (767) 7,000 6,233 |
2022 £ 6,236 537 6,773 (10,980) (10,980) (4,207) 11,182 6,975 |
2021 £ 16,599 208 |
|---|---|---|---|---|
| 16,807 | ||||
| (5,625) | ||||
| (5,625) | ||||
| 11,182 - |
||||
| 11,182 |
3 of 10
The Bloomers Trust Statement of Financial Position
As at 05 April 2022
| Notes Fixed assets Tangible assets 7 Current assets 8 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 10 Unrestricted income funds 10 Total funds |
£ 2022 1,210 1,210 238 15,932 16,170 (10,405) 5,765 6,975 6,975 6,233 742 6,975 |
£ 2021 - |
|---|---|---|
| - | ||
| - 11,682 |
||
| 11,682 | ||
| (500) 11,182 |
||
| 11,182 | ||
| 11,182 | ||
| 7,000 4,182 |
||
| 11,182 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Kieran Frank Osborne Trustee 30 June 2022
4 of 10
The Bloomers Trust Notes to the Financial Statements For the year ended 05 April 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
The Bloomers Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Funds
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.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Donated goods, services and facilities
The value of donated goods is estimated at its approximate value as provided by the trustees.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 33% Straight line
2. Income from donations and legacies
| Donations received Grants received Gifts in kind |
2021 2022 Restricted funds Unrestricted funds £ £ £ £ 2,159 673 - 673 13,440 4,563 1,348 3,215 1,000 1,000 1,000 - 16,599 6,236 2,348 3,888 |
|---|---|
5 of 10
The Bloomers Trust Notes to the Financial Statements Continued
For the year ended 05 April 2022
Analysis of grants received
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Kent Police | 500 | 1,000 |
| Local authorities | 215 | 4,644 |
| Other organisations | 3,848 | 7,796 |
| 4,563 | 13,440 |
During the year a restricted grant was received to fund salary payments. This grant is being released to the Statement of Financial Activities inline with payments made, with the remainder being included in deferred income on the Statement of Financial Position. The amount released is included in Other organisations and amounts to £348 (2021: £nil).
3. Income earned from other activities
| Unrestricted funds Fund raising events |
2022 £ 537 537 |
2021 £ 208 |
|---|---|---|
| 208 |
4. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 289 | - |
| Accountancy fees | 550 | 500 |
5. Staff costs and emoluments
Total staff costs for the year ended 05 April 2022 were:
| Salaries and wages Employees Trustees |
2022 £ 348 348 2022 1 3 4 |
2021 £ - |
|---|---|---|
| - | ||
| 2021 0 3 |
||
| 3 |
6 of 10
The Bloomers Trust Notes to the Financial Statements Continued
For the year ended 05 April 2022
6. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Other trading activites Total Expenditure on: Charitable activities Total Net income Total funds carried forward 7. Tangible fixed assets Cost or valuation Additions At 05 April 2022 Depreciation Charge for year At 05 April 2022 Net book values At 05 April 2022 |
Unrestricted funds £ 9,599 208 9,807 (5,625) (5,625) 4,182 4,182 |
Restricted funds £ 7,000 - 7,000 - - 7,000 7,000 |
2021 £ 16,599 208 |
|---|---|---|---|
| 16,807 | |||
| (5,625) | |||
| (5,625) | |||
| 11,182 | |||
| 11,182 | |||
| Computer Equipment £ 1,499 |
|||
| 1,499 | |||
| 289 | |||
| 289 | |||
| 1,210 |
Tangible assets are capitalised when the economic benefits of ownership are determined by the trustees to be realised over more than one accounting period. As such, they are capitalised and an appropriate depreciation charge calculated.
8. Debtors
| Amounts due within one year: Other debtors |
2022 2021 £ £ 238 - 238 - |
|---|---|
7 of 10
The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2022
9. Creditors: amounts falling due within one year
| Trade creditors Accruals and deferred income |
2022 £ 22 10,383 10,405 |
2021 £ - 500 |
|---|---|---|
| 500 |
10. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 06/04/2021 £ 4,182 4,182 Balance at 31/01/2020 £ - - |
Incoming resources £ 4,425 4,425 Incoming resources £ 9,807 9,807 |
Outgoing resources £ (7,865) (7,865) Outgoing resources £ (5,625) (5,625) |
Balance at 05/04/2022 £ 742 |
|---|---|---|---|---|
| 742 | ||||
| Balance at 05/04/2021 £ 4,182 |
||||
| 4,182 |
Purpose of unrestricted Funds
General
To supply items requested by caseworkers for vulnerable women and babies whom they are supporting.
Restricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 06/04/2021 | resources | resources | 05/04/2022 | |
| £ | £ | £ | £ | |
| Restricted | 7,000 | 2,348 | (3,115) | 6,233 |
| 7,000 | 2,348 | (3,115) | 6,233 |
8 of 10
The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2022
Restricted Funds - Previous year
| Restricted | Balance at 31/01/2020 £ - - |
Incoming resources £ 7,000 7,000 |
Outgoing resources £ - - |
Balance at 05/04/2021 £ 7,000 |
|---|---|---|---|---|
| 7,000 |
Purpose of restricted funds
Restricted
To accomodate specific gifts that are to go towards beneficiaries only.
11. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds Restricted Previous year Unrestricted funds General General Restricted funds Restricted |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,210 (468) 742 - 6,233 6,233 |
|---|---|
| 1,210 5,765 6,975 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ - 4,182 4,182 - 7,000 7,000 |
|
| - 11,182 11,182 |
9 of 10
The Bloomers Trust Detailed Statement of Financial Activities For the year ended 05 April 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Gifts in kind Other trading activities Fund raising events Total incoming resources EXPENDITURE Charitable activities Staff costs - wages & salaries Care package costs Carriage and packaging General expenses Rent Advertising Motor and travel costs SUPPORT COSTS Management Depreciation - owned assets Professional fees Post, print and stationery Repairs and maintenance Insurance IT and computer costs Telephone Bank charges Governance costs Independent examiner's remuneration Bookkeeping Total resources expended Net Expenditure |
£ 2022 673 4,563 1,000 6,236 537 537 6,773 (348) (1,718) (1,008) (273) (2,662) (360) (25) (6,394) (289) (1,720) (457) (508) (23) (523) (22) (2) (3,544) (550) (492) (1,042) (10,980) (4,207) |
£ 2021 2,159 13,440 1,000 |
|---|---|---|
| 16,599 208 |
||
| 208 | ||
| 16,807 - (1,129) (1,534) (109) (2,353) - - |
||
| (5,125) - - - - - - - - |
||
| - (500) - |
||
| (500) | ||
| (5,625) | ||
| 11,182 |
10 of 10
This page does not form part of the statutory financial statements