Charity number: 1187676 ## The Bloomers Trust Report of the Trustees and Unaudited Financial Statements For the year ended 05 April 2024 The Bloomers Trust Contents Page For the year ended 05 April 2024 |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 11| |Detailed Statement of Financial Activities|12| ## The Bloomers Trust Report of the Trustees ## For the year ended 05 April 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 05 April 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 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. ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **Volunteers** The Bloomers Trust is grateful to the individuals and orgnaisations who have contributed to the income generated during the year. This has had a profound effect on the success and lives impacted as a result of the projects undertaken. ## **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. Quizzes are organised to continue to raise awareness of what the charity does and raise generate unrestricted funds. ## **FINANCIAL REVIEW** ## **Reserves** The charity has generated income of £31,847, incurred expenses of £29,292 resulting in a surplus for the year of £2,555. This compares to the previous year's £32,200 of receipts, £29,117 of costs and a surplus of £3,083 in the previous year. Total cash at the reporting date amounted to £10,216 comapred to £19,660. Funds available to the charity as at 5 April 2024 amounted to £8,335 of which there was a defict in unrestricted funds of £8,883 and surplus on restricted funds of £17,218. ## **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 in deficit** Unrestricted funds was identified to have a deficit as at 5 April 2024 of £8,883. This has been identified by the trustees and has been returned to a surplus during the following accounting period. ## **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 1 of 11 # The Bloomers Trust Report of the Trustees Continued For the year ended 05 April 2024 **Trustees** The trustees and officers serving during the year and since the year end were as follows: Kieran Frank Osborne Victoria Elizabeth Glennie Emma Bates On 24 October 2024, Kieran Osborne agreed to a nine year Disqualification Undertaking under the Companies Directors Disqualification Act 1986. However, a High Court order dated 21 October 2024 grants permission for him to continue as a trustee of The Bloomers Trust, in view of his senior and integral involvement in the operation of the charity, and is therefore subject to strict conditions. The charity complies fully with the order, with enhanced governance and financial oversight in place. The Trustees confirm that the charity's operations remain unaffected. Swift Accountancy **Independent examiners** Swift Farm, Sandy Lane Ashford Kent TN26 1JN Approved by the Board of Trustees and signed on its behalf by ............................................................................. 19 November 2024 Kieran Frank Osborne # 2 of 11 ## The Bloomers Trust ## Independent Examiners Report to the Trustees ## For the year ended 05 April 2024 I report to the trustees on my examination of the accounts of the charity for the year ended 05 April 2024. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners statement** 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 that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adam Clegg FCCA BSc (Hons) - 2670702 Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN 19 November 2024 3 of 11 ## The Bloomers Trust Statement of Financial Activities ## For the year ended 05 April 2024 |**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**
**£**
2,715
910
**3,625**
(11,646)
**(11,646)**
**(8,021)**
(862)
**(8,883)**|**Restricted**
**funds**
**£**
29,222
-
**29,222**
(18,646)
**(18,646)**
**10,576**
10,920
**21,496**|**2024**
**£**
31,937
910
**32,847**
(30,292)
**(30,292)**
**2,555**
10,058
**12,613**|**2023**
**£**
31,233
967| |---|---|---|---|---| |||||**32,200**| |||||(29,117)| |||||**(29,117)**| |||||**3,083**
6,975| |||||**10,058**| 4 of 11 ## The Bloomers Trust Statement of Financial Position As at 05 April 2024 |**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**|**£**
**2024**
1,078
**1,078**
2,036
10,216
**12,252**
(717)
**11,535**
**12,613**
**12,613**
21,496
(8,883)
**12,613**|**£**
**2023**
1,678| |---|---|---| |||**1,678**| |||-
19,660| |||**19,660**| |||(11,280)
**8,380**| |||**10,058**| |||**10,058**| |||10,920
(862)| |||**10,058**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Victoria Elizabeth Glennie Trustee 19 November 2024 5 of 11 The Bloomers Trust Notes to the Financial Statements For the year ended 05 April 2024 ## **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 Fixtures and Fittings 10% Straight line ## **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. ## **Grants received** The charity recognises grants receivable as income in the financial statements when it can demonstrate it is entitled to receive and exercise control over the funds, and meet any conditions attached to the grant such as performance or delivery of specified services. Grants received for the purchase of fixed assets are offset against the initial cost of the asset. This treatment reduces the carrying amount of the asset and reflects the net cost to the charity. Depreciation is charged on the net book value of the asset. Where grants are subject to conditions requiring to perform specific actions before entitlement, the income is deferred and recognised only when the conditions are met. Restricted grants are allocated to the relevant fund and spent in accordance with the funders' terms. Unrestricted grants are recognised in the general fund. 6 of 11 ## The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2024 ## **2. Income from donations and legacies** ||**Unrestricted**|**Restricted**|**2024**|**2023**| |---|---|---|---|---| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Donations received|2,715|-|2,715|2,595| |Grants received|-|28,222|28,222|27,638| |Gifts in kind|-|1,000|1,000|1,000| ||**2,715**|**29,222**|**31,937**|**31,233**| ## **Analysis of grants received** |De Haan Trust
Freshservice
Groundwork
Kent Police
Local authorities
Other organisations|**2024**
**£**
10,000
5,238
500
9,284
3,200
-
**28,222**|**2023**
**£**
14,187
-
-
9,284
1,667
2,500| |---|---|---| |||**27,638**| During the year £9,992 was received from Freshservice. Of this, £4,754 was utilised for capital expenditure and used to reduce the initial cost of the asset to the charity. ## **3. Income earned from other activities** |**Unrestricted funds**
Fund raising events|**2024**
**£**
910
**910**|**2023**
**£**
967| |---|---|---| |||**967**| ## **4. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Depreciation of owned fixed assets|600|533| |Accountancy fees|822|575| |Staff pension contributions|-|158| 7 of 11 ## The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2024 ## **5. Staff costs and emoluments** Total staff costs for the year ended 05 April 2024 were: |Salaries and wages
Pension costs
Employees
Trustees
**omparative for the Statement of Financial Activities**
**Income and endowments from:**
Donations and legacies
Other tradingactivities
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
3,595
967
**4,562**
(6,166)
**(6,166)**
**(1,604)**
742
**(862)**|**2024**
**£**
6,977
-
**6,977**
**2024**
2
3
**5**
**Restricted**
**funds**
**£**
27,638
-
**27,638**
(22,951)
**(22,951)**
**4,687**
6,233
**10,920**|**2023**
**£**
12,463
158| |---|---|---|---| ||||**12,621**| ||||**2023**
2
3| ||||**5**| ||||**2023**
**£**
31,233
967| ||||**32,200**| ||||(29,117)| ||||**(29,117)**| ||||**3,083**
6,975| ||||**10,058**| ## **6. Comparative for the Statement of Financial Activities** 8 of 11 ## The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2024 ## **7. Tangible fixed assets** |**Cost or valuation**
At 06 April 2023
At 05 April 2024
**Depreciation**
At 06 April 2023
Charge for year
At 05 April 2024
**Net book values**
At 05 April 2024
At 05 April 2023
**ebtors**
**Amounts due within one year:**
Prepayments and accrued income
Other debtors
Other debtors
**reditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Fixtures and**
**Fittings**
**£**
1,000
**1,000**
33
100
**133**
**867**
**967**|**Computer**
**Equipment**
**£**
1,499
**1,499**
788
500
**1,288**
**211**
**711**
**2024**
**£**
1,898
138
**2,036**
**2024**
**£**
35
-
682
**717**|**Total**
**£**
2,499| |---|---|---|---| ||||**2,499**| ||||821
600| ||||**1,421**| ||||**1,078**| ||||**1,678**| ||||**2023**
**£**
-
-| ||||**-**| ||||**2023**
**£**
245
480
10,555| ||||**11,280**| ## **8. Debtors** ## **9. Creditors: amounts falling due within one year** 9 of 11 ## The Bloomers Trust Notes to the Financial Statements Continued ## For the year ended 05 April 2024 ## **10. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**||||| |---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**06/04/2023**|**resources**|**resources**|**05/04/2024**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|(862)|3,625|(11,646)|(8,883)| ||**(862)**|**3,625**|**(11,646)**|**(8,883)**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**06/04/2022**|**resources**|**resources**|**05/04/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|742|4,562|(6,166)|(862)| ||**742**|**4,562**|**(6,166)**|**(862)**| ## **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**| |---|---|---|---|---| ||**06/04/2023**|**resources**|**resources**|**05/04/2024**| ||**£**|**£**|**£**|**£**| |IT development fund|-|5,238|(960)|4,278| |Restricted|10,920|23,984|(17,686)|17,218| ||**10,920**|**29,222**|**(18,646)**|**21,496**| |**Restricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**06/04/2022**|**resources**|**resources**|**05/04/2023**| ||**£**|**£**|**£**|**£**| |Restricted|6,233|27,638|(22,951)|10,920| ||**6,233**|**27,638**|**(22,951)**|**10,920**| 10 of 11 The Bloomers Trust Notes to the Financial Statements Continued For the year ended 05 April 2024 ## **Purpose of restricted funds** ## Restricted To accommodate specific gifts and grants that are to go towards beneficiaries or expenditure types on a donation by donation basis. IT development fund The IT development fund is established to support the development of the charity's technology infrastructure. This includes the purchase and installation of hardware, software and related systems. ## **11. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Restricted funds**
IT development fund
Restricted
**Previous year**
**Unrestricted funds**
_General_
General
**Restricted funds**
Restricted|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,078
(9,961)
(8,883)
-
4,278
4,278
-
17,218
17,218| |---|---| ||**1,078**
**11,535**
**12,613**| ||**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,678
(2,540)
(862)
-
10,920
10,920| ||**1,678**
**8,380**
**10,058**| 11 of 11