**Registered number: 11812275 Charity number: 1188428** ## **THE BKL FOUNDATION** **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** |**CONTENTS**|| |---|---| ||Page| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 16| **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** |**Trustees**|Tyler Jeffs, Chair (appointed 4 April 2023)| |---|---| ||Elizabeth Barrow (appointed 13 October 2022)| ||Rozetka Remak| ||Sarah Gillham| ||Ian Saunderson| ||Simon Eaton| ||Debra Morris (appointed 19 June 2023)| ||Lekhrani Gya-Roopun (resigned 29 July 2022)| |**Company registered**
**number**
11812275
**Charity registered**
**number**
1188428
**Registered office**
35 Ballards Lane
London
United Kingdom
N3 1XW
**Independent examiner**
Robert Kirtland FCA
Critchleys Audit LLP
Beaver House
23 - 38 Hythe Bridge Street
Oxford
OX1 2EP|| Page 1 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **Objectives and activities** ## **a. Policies and objectives** The charity was established for the principal purpose of receiving contributions from Berg Kaprow Lewis LLP and disbursing the same to charitable causes which are selected at the discretion of the Trustees. Berg Kaprow Lewis LLP has undertaken to donate 1% of its profits to the BKL Foundation. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Activities undertaken to achieve objectives** The Charity undertakes to give grants to UK registered Charities as ultimately decided upon by the Trustees. These grants are usually local in nature to London Borough of Barnet, where the offices of Berg Kaprow Lewis LLP are located, however, Trustees are not limited by the objects to where monies can be donated, and may override this at their pure discretion. ## **c. Main activities undertaken to further the Charity's purposes for the public benefit** The Charity furthers the Charity's purposes for the public benefit by making grants to other UK registered Charities who are able to use the funds on direct charitable activities. ## **Achievements and performance** ## **a. Main achievements of the Charity** The Charity has had another strong year, giving a total of 15 grants across 13 registered charities totalling £57,900. In addition, the Foundation has championed charitable work throughout BKL, seeing an uptick in staff being involved. ## **Financial review** ## **a. Going concern** The charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the charity had a healthy net asset position at the year end. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the charity is a going concern. This basis is adopted within these accounts. ## **b. Reserves policy** The charity held unrestricted funds at the end of the year of £75,369 (2022: £71,813).These reserves are considered adequate by the Trustees, and will allow the charity to continue making grants in the next financial period. In view of the nature of the charity, the Trustees are satisfied that no formal level of reserves are required, as grants are only made when there are available funds, and the charity does not have any liabilities to make grants. Page 2 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **c. Risk management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **d. Review of the Year** The Charity had total income for the year of £65,324 (2022: £44,318), comprising of £65,323 (2022: £44,317) of donations and legacies and £1 (2022: £1) of investment income. Expenditure totalled £61,768 (2022: £45,880), consisting of £57,900 (2022: £44,178) on grants and £3,868 (2022: £1,702) on support costs. All income and expenditure for both 2023 and 2022 was unrestricted. Funds carried forward totalled £75,369 (2022: £71,813), all of which were unrestricted. ## **Structure, governance and management** ## **a. Constitution** The BKL Foundation is registered as a charitable company limited by guarantee and is constituted under a Memorandum and Articles of Association dated 6th February 2019. ## **b. Methods of appointment or election of Trustees** New Trustees are recommended by the current Trustees when there is a vacancy. Trustees are then considered and appointed by the board at the next appropriate meeting. ## **Plans for future periods** The Charity intends to continue it's policy of grant making to UK registered Charities in the coming years. As Berg Kaprow Lewis LLP continues it's growth strategy it is hoped that profits of BKL, and in turn, the donation to the Foundation, will increase allowing the Foundation to provide more grants to worthy Charities. ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **Tyler Jeffs** Chair Date: 26th January 2024 Page 4 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023** ## **Independent Examiner's Report to the Trustees of The BKL Foundation ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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** 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 Charity 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. 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 29.01.2024 Robert Kirtland FCA Critchleys Audit LLP Beaver House 23 - 38 Hythe Bridge Street Oxford OX1 2EP Page 5 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
**Income from:**
Donations and legacies
3
Investments
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**65,323**
**1**
**65,324**
**61,768**
**61,768**
**3,556**
**71,813**
**3,556**
**75,369**|**Total**
**funds**
**2023**
**£**
**65,323**
**1**
**65,324**
**61,768**
**61,768**
**3,556**
**71,813**
**3,556**
**75,369**|_Total_
_funds_
_2022_
_£_
_44,317_
_1_
_44,318_
_45,880_
_45,880_
_(1,562)_
_73,375_
_(1,562)_
_71,813_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 6 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee) REGISTERED NUMBER: 11812275** ## **BALANCE SHEET AS AT 31 MARCH 2023** |**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Total net assets**
**Charity funds**
Unrestricted funds
11
**Total funds**|**41,959**
**37,070**
**79,029**
**(3,660)**|**2023**
**£**
**75,369**
**75,369**
**75,369**|_13,164_
_59,549_
_72,713_
_(900)_|_2022_
_£_| |---|---|---|---|---| |||||_71,813_| |||||_71,813_| |||||| |||||_71,813_| The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ **Tyler Jeffs** Chair Date: 26th January 2024 The notes on pages 8 to 16 form part of these financial statements. Page 7 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. General information** The BKL Foundation is a Charitable Company limited by guarantee incorporated in England and Wales. The registered office is 35 Ballards Lane, Finchley, London, N3 1XW. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The BKL Foundation 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. ## **2.2 Going concern** The charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the charity had a healthy net asset position at the year end. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the charity is a going concern. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. Page 8 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Accounting policies (continued)** ## **2.4 Expenditure (continued)** Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. ## **2.7 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.8 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 9 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **3. Income from donations and legacies** |Donations
Donations|**Unrestricted**
**funds**
**2023**
**£**
65,323
_Unrestricted_
_funds_
_2022_
_£_
_44,317_|**Total**
**funds**
**2023**
**£**
**65,323**| |---|---|---| |||_Total_
_funds_
_2022_
_£_
_44,317_| Donations totalling £63,795 (2022: £43,222) were received from Berg Kaprow Lewis LLP In addition £1,000 (2022: £1,000) relates to donated services by Berg Kaprow Lewis LLP for the preparation of the accounts. Page 10 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **4. Analysis of grants** |**Grants to**
**Institutions**
**2023**
**£**
Grants, Supporting good causes
57,900
_Grants to_
_Institutions_
_2022_
_£_
Grants, Supporting good causes
_44,178_
The Charity has made the following material grants to institutions during the year:
**2023**
**£**
**Name of institution**
Age UK Barnet
**5,000**
Barnet Mencap
**5,000**
Chipping Barnet Food Bank
**9,000**
Homeless Action in Barnet
**5,000**
St Josefs Hospital Hackney
**3,000**
Live Unlimited
**5,400**
Mind Barnet
**5,000**
Raphael House
**3,000**
Restart Lives
**3,000**
The Say it Loud Club
**5,000**
Together in Barnet
**5,000**
Ukraine Humanitarian Appeal
**-**
The Panathlon Foundation
**3,000**
Fitness Without Boundaries
**1,500**
**57,900**
Other grants to institutions < £250
**-**
**57,900**|**Total**
**funds**
**2023**
**£**
**57,900**| |---|---| ||_Total_
_funds_
_2022_
_£_
_44,178_| ||_2022_
_£_
_5,000_
_5,000_
_2,000_
_6,353_
_-_
_5,300_
_-_
_3,000_
_1,000_
_1,000_
_5,000_
_10,000_
_-_
_-_| ||_43,653_
_525_| ||| ||_44,178_| Page 11 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Analysis of Grants** |Social
Healthcare|**2023**
**£**
**45,400**
**12,500**
**57,900**|_2022_
_£_
_35,833_
_8,345_| |---|---|---| |||_44,178_| ## **5. Analysis of expenditure by activities** |Supporting good causes
Supporting good causes|**Grant**
**funding of**
**activities**
**2023**
**£**
57,900
_Grant_
_funding of_
_activities_
_2022_
_£_
_44,178_|**Support**
**costs**
**2023**
**£**
3,868
_Support_
_costs_
_2022_
_£_
_1,702_|**Total**
**funds**
**2023**
**£**
**61,768**| |---|---|---|---| ||||_Total_
_funds_
_2022_
_£_
_45,880_| ## **Analysis of support costs** |Accountancy fee
Independent Examination fee
Bank charges|**Supporting**
**good**
**causes**
**2023**
**£**
1,000
2,760
108
3,868|**Total**
**funds**
**2023**
**£**
**1,000**
**2,760**
**108**| |---|---|---| |||**3,868**| Page 12 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of support costs (continued)** |Accountancy fee
Independent Examination fee
Bank charges
**6.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|_Supporting_
_good causes_
_2022_
_£_
_1,000_
_600_
_102_
_1,702_
**2023**
**£**
**2,500**|_Total_
_funds_
_2022_
_£_
_1,000_
_600_
_102_| |---|---|---| |||_1,702_| |||_2022_
_£_
_550_| ## **7. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ . During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ . Page 13 ## **THE BKL FOUNDATION** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **8. Staff costs** There were no employees during the period or the prior year. ## **9. Debtors** |**Due within one year**
Prepayments and accrued income|**2023**
**£**
**41,959**
**41,959**|_2022_
_£_
_13,164_| |---|---|---| |||| |||_13,164_| Included within accrued income are amounts owed by Berg Kaprow Lewis LLP. ## **10. Creditors: Amounts falling due within one year** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Accruals and deferred income|**3,660**|_900_| Page 14 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **11. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**April 2022**
**£**
**Unrestricted funds**
General Funds - all funds
**71,813**
**Statement of funds - prior year**
_Balance at_
_1 April 2021_
_£_
**Unrestricted funds**
General Funds - all funds
_73,375_
**12.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
Current assets
Creditors due within one year
**Total**|**Income**
**£**
**65,324**
_Income_
_£_
_44,318_|**Expenditure**
**£**
**(61,768)**
_Expenditure_
_£_
_(45,880)_
**Unrestricted**
**funds**
**2023**
**£**
79,029
(3,660)
75,369||**Balance at**
**31 March**
**2023**
**£**
**75,369**
_Balance at_
_31 March_
_2022_
_£_
_71,813_
**Total**
**funds**
**2023**
**£**
**79,029**
**(3,660)**
**75,369**| |---|---|---|---|---| |||||| |||||| Page 15 **(A company limited by guarantee)** ## **THE BKL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **12. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_72,713_
_(900)_
_71,813_|_Total_
_funds_
_2022_
_£_
_72,713_
_(900)_
_71,813_| |---|---|---| ## **13. Related party transactions** The BKL Foundation was established to receive donations from Berg Kaprow Lewis LLP, Chartered Accountants, in order to make grants to charitable organisations. Two of the trustees of the BKL Foundation were connected with two of the members of Berg Kaprow Lewis LLP throughout the year. All other Trustees are employees of Berg Kaprow Lewis LLP. The BKL foundation received £63,795 (2022: £43,222) from Berg Kaprow Lewis LLP in the year, with £41,959 (2022: £13,164) within accrued income owed from the same organisation. Page 16