2022-07-31-accounts - Bw3

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BW3

Charity No. 1188767

Company No. CE021296

Trustees' Report and Unaudited Accounts

31 July 2022

BW3 Contents

	Pages
Trustees' Annual Report		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Summary Income and Expenditure Account		4
Balance Sheet		5
Statement of Cash flows		6
Notes to the Accounts		7
Detailed Statement of Financial Activities		8

Page 1

BW3 Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE021296

Charity No. 1188767

Registered Office

Wythenshawe Enterprise Centr 38 Benchill Road Manchester M22 8LF

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

G.M. Bate B.P. Hay N.D. Jack T. Lappage

Accountants

Nabarro Poole Ltd 31 Church Road Northenden Manchester M22 4NN

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

N.D. Jack Trustee 02 September 2022

Page 2

BW3 Independent Examiners Report

Independent Examiner's Report to the trustees of BW3

I report to the charity trustees on my examination of the financial statements of BW3 for the year ended 31 July 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements 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 your charity's financial statements 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

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.

Shanshan Zhou ICAEW Nabarro Poole Ltd 31 Church Road Northenden Manchester

M22 4NN 02 September 2022

Page 3

BW3 Statement of Financial Activities

for the year ended 31 July 2022

Unrestricted funds 2022 £ 5,588 -	Restricted funds 2022 £ 5,000 -	Total funds 2022 £ 10,588 -	Total funds 2021 £ 76,631 98
5,588 991 35,928	5,000 - -	10,588 991 35,928	76,729 - 27,078
36,919 -	- -	36,919 -	27,078 -
(31,331) -	5,000 -	(26,331) -	49,651 -
(31,331)	5,000	(26,331)	49,651
(31,331) 49,651	5,000 -	(26,331) 49,651	49,651 -
18,320	5,000	23,320	49,651

Page 4

BW3 Summary Income and Expenditure Account for the year ended 31 July 2022

Income Gross income for the year Expenditure Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year	2022 £ 10,588 10,588 36,919 36,919 (26,331) (26,331)	2021 £ 76,729
		76,729
		27,078
		27,078
		49,651
		49,651

Page 5

BW3 Balance Sheet

at 31 July 2022

at 31 July 2022
Company No. CE021296 Notes 2022 £ Current assets Cash at bank and in hand 23,320 23,320 Net current assets 23,320 Total assets less current liabilities 23,320 Net assets excluding pension asset or liability 23,320 Total net assets 23,320 The funds of the charity Restricted funds 9 Restricted income funds 5,000 5,000 Unrestricted funds 9 General funds 18,320 18,320 Reserves 9 Total funds 23,320	2021 £ 49,651
	49,651
	49,651 49,651
	49,651
	49,651
	-
	- 49,651
	49,651
	49,651

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 July 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 02 September 2022

And signed on its behalf by:

N.D. Jack Trustee 02 September 2022

Page 6

BW3 Statement of Cash flows for the year ended 31 July 2022

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Net cash (used in)/provided by operating activities Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2022 £ (26,331) (26,331) - - (26,331) 49,651 23,320 23,320 23,320	2021 £ 49,651
		49,651
		-

		-

		49,651
		-
		49,651

		49,651

		49,651

Page 7

BW3 Notes to the Accounts

for the year ended 31 July 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

BW3 Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

BW3 Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 4 Income from donations and legacies 5 Income from charitable activities	Unrestricted £ 5,588 5,588	Restricted £ 5,000 5,000	Unrestricted funds 2021 £ 76,631 98
			76,729 26,780 298
			27,078
			49,651
			49,651
			49,651
			49,651
			Total 2022 £ 10,588
			10,588
			Total 2022 £ -
			-

Page 10

BW3 Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Governance costs 7 Other expenditure Employee costs Motor and travel costs General administrative costs 8 Staff costs No employee received emoluments in excess 9 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets	of £60,000. At 1 August 2021 - - 49,651 49,651	Unrestricted £ 991 991 Unrestricted £ 26,318 550 9,060 35,928 Incoming resources (including other gains/losses ) £ 5,000 5,000 5,588 10,588 Unrestricted funds £ 18,320 18,320	Total 2022 £ 991 991 Total 2022 £ 26,318 550 9,060 35,928 Resources expended £ - - (36,919) (36,919) Restricted funds £ 5,000 5,000

Page 11

BW3 Notes to the Accounts

11 Reconciliation of net debt

Cash and cash equivalents Net debt	At 1 August 2021 £	Cash flows £
	49,651	(26,331)
	49,651 49,651	(26,331) (26,331)

12 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 12

BW3 Note$ to the A¢¢ounl$ Page 13

BW3 Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 14

BW3 Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 4 Income from donations and legacies 5 Income from charitable activities	Unrestricted £ 5,588 5,588	Restricted £ 5,000 5,000	Unrestricted funds 2021 £ 76,631 98
			76,729 26,780 298
			27,078
			49,651
			49,651
			49,651
			49,651
			Total 2022 £ 10,588
			10,588
			Total 2022 £ -
			-

Page 15

BW3 Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Governance costs 7 Other expenditure Employee costs Motor and travel costs General administrative costs 8 Staff costs No employee received emoluments in excess 9 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets	of £60,000. At 1 August 2021 - - 49,651 49,651	Unrestricted £ 991 991 Unrestricted £ 26,318 550 9,060 35,928 Incoming resources (including other gains/losses ) £ 5,000 5,000 5,588 10,588 Unrestricted funds £ 18,320 18,320	Total 2022 £ 991 991 Total 2022 £ 26,318 550 9,060 35,928 Resources expended £ - - (36,919) (36,919) Restricted funds £ 5,000 5,000

Page 16

BW3 Notes to the Accounts

11 Reconciliation of net debt

Cash and cash equivalents Net debt	At 1 August 2021 £	Cash flows £
	49,651	(26,331)
	49,651 49,651	(26,331) (26,331)

12 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17

BW3 Note$ to the A¢¢ounl$ Page 18

BW3 Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 19

BW3 Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 4 Income from donations and legacies 5 Income from charitable activities	Unrestricted £ 5,588 5,588	Restricted £ 5,000 5,000	Unrestricted funds 2021 £ 76,631 98
			76,729 26,780 298
			27,078
			49,651
			49,651
			49,651
			49,651
			Total 2022 £ 10,588
			10,588
			Total 2022 £ -
			-

Page 20

BW3 Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Governance costs 7 Other expenditure Employee costs Motor and travel costs General administrative costs 8 Staff costs No employee received emoluments in excess 9 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets	of £60,000. At 1 August 2021 - - 49,651 49,651	Unrestricted £ 991 991 Unrestricted £ 26,318 550 9,060 35,928 Incoming resources (including other gains/losses ) £ 5,000 5,000 5,588 10,588 Unrestricted funds £ 18,320 18,320	Total 2022 £ 991 991 Total 2022 £ 26,318 550 9,060 35,928 Resources expended £ - - (36,919) (36,919) Restricted funds £ 5,000 5,000

Page 21

BW3 Detailed Statement of Financial Activities

for the year ended 31 July 2022

Income and endowments from: Donations and legacies Charitable activities Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Temporary staff Motor and travel costs Travel and subsistence General administrative costs, including depreciation and amortisation Software, IT support and related costs Stationery and printing Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds:	Unrestricte d funds 2022 £ 5,588 5,588 - - 5,588 991 991 991 26,318 26,318 550 550 8,800 260 9,060 35,928 36,919 - (31,331) (31,331) - (31,331)	Restricted funds 2022 £ 5,000 5,000 - - 5,000 - - - - - - - - - - - - - 5,000 5,000 - 5,000	Total funds 2022 £ 10,588 10,588 - - 10,588 991 991 991 26,318 26,318 550 550 8,800 260 9,060 35,928 36,919 - (26,331) (26,331) - (26,331)	Total funds 2021 £ 76,631
				76,631
				98
				98
				76,729 -
				-
				- 26,780
				26,780
				48
				48
				250 -
				250
				27,078
				27,078 -
				49,651
				49,651 -
				49,651

Page 22

BW3 Detailed Statement of Financial Activities

BW3 Detailed Statement of Financial Activities
Total funds brought forward Total funds carried forward	49,651 18,320	- 5,000	49,651 23,320	-
				49,651

Page 23