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
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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
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## 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
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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**|
|---|---|
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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**|
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## 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**
**-**|
|---|---|
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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**|
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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**|
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## 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**|
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This page does not form part of the statutory financial statements