Charity number.. 1190942 BUDDY UP UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
BUDDY UP CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees. report Independent examiner's report Stat•ment of flnanclal actlvltles Balance sheet Notes to the Ilnanclal statoments 10-19
BUDDY UP REFERENCE AND ADMINISTRATIVE DETAJLS OF THE CHARITY. ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustee$ Warren Christopher Tovmservj. Chairman Rowan Rin£J. Trustee Beth Alexandra Wilson. Trustee Charlty r8glstered number 1190942 Prlnclpal offl¢e 254A Chessinglon Road Ewell Epsom Surrey KT19 9XF Indopendent examiner MHA Victoria Court 17-21 Ashfor(l Road Maidslone Kenl ME14 5DA Page 1
BUDDY UP TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Iruslees present their annual report and financial ststements for the year ended 30 September 2022. The finan¢ial slalemenls have been prepaied in a¢¢ordan¢e wlh the a¢¢ounling poli¢ies sel out in note 1 to the accounts and comply with the charities constitulion. the Charities Act 2011 and Accounting and the Charits'es Statement of Recommended Practice Isecond edition) and Finanaal Retx)rting Standard FRS 102. Obl•ctlv•s and a¢tlvltl•s a. Policles and objectSves The purpose of Buddy Up las sel oul in our 9oveming document) is ¢0 advan¢e in life and help young people aged 10-17 through providin9 SUPW)rt and acljvrties which develop their skills, capacities, and capabilit18S to enable Ihern to participate in society as mature and responsible individuals. The Iruslges are pleased Ihal the achievements and perfomiance of Buddy Up. as sel oul above. demonslrale the Charity Commission's guidance on public bengfrt is being enacted. b. Strat•gl•s for achl•vlng obl•ctlv•• In setting objectsves and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commiss relating lo public benefit. including the guidance 'Public benefit.. running a charity IP821'. o. Grants pollcl•s All monles received from grant maklng Is spent for the puryx)ses sel fAJl in the charfty Summary and Is evldenced through our accounts. Page 2
BUDDY UP TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Achievements and perfomiance a. Maln achlevements of the Charlty Buddy Up continues to tjeliver mentoring across the bough. engaging wth secondary schools, pupll referral lo promde support lo some of the mosl vulnerable Ung people in our (x)mmunity. We have forged strong relationships mental health professionals such as CAMHS, Surrey Care Trust, Epsom Primary Care Network and The Health Creation Ajliance. We are receiving referrals from a number of these. supporting their delivery and sharing the provision across the borough. We now also work closely with a nUMr ol police for¢e5. working logelher to identify young people and provide our mentoring alongside them. This has been a great way for us lo offer supporl to young people not in education. Our delivery this year has seen us work vAth a variety of young p80ple including refugees, a$uM seekers, Gypsy and Roma travellers and Looked After young people. Our mentors have been Supp.ng young people presenting a variety of issues. These have included anger, addiction. self-harm. bullyng. suicidal ide81ion. k)w sell*sleem. ADHD. 81 risk of county lines. victims of domestic violence, disordered ealing. confidence, suicidal inpatients. ODD. al risk of grooming, victims of abuse, ASD, trauma victims, attendancg. and those at risk o18xdusKJn. We have delivered over 180 hours of dedicated merbtoring sessions lo young people across the borough with the lim of increasing ihis in 202212023. Al of the young people who have received mentoring complete surveys 10 help us understand what is working and lo help us monitor any improvements achieved. Some highlights include.. Page 3
BUDDY UP TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Financial review a. Golng cancem After making appropriate enquiries. the Trustees have a reasonable expectation th81 the Charity has adequate rgsourcgs lo Continue in 0ratIonal existen¢e for the foreseeable future. For this reason, they ¢onlinue lo adopt the going concern basis in preparing the financti41 statements. Further details regarding the adoption of the going concern basis can be found in the accountiThJ policies. b. R¢s¢rv•s pollcy and flnancl•l revl In our last financial year. we have received £2.83912021 £4) in donations and £80,89312021 £23,530) in awarded grants. The majority of our income goes towards wages.menton"ng lees.Iravel and expenses. The Iruslees aim lo maintain free reserves in unrestricted fu1$ al 8 level which equales to approxlm8lely 6 months of unrestri¢18d charilable expenditure. The twsl88s consider that Ihis level VAII provide sufficient funds lo cover salaries and oxpgnses based on a nomial p8riod of delivery. At the year end, the charity had a surplus of unrestrictsd funds totalling £3.07612021 £11,396 surplus), and reslricled funds of £22,48812021 £NILI. c. Prln¢lp•l fundlng The charity's income is entirely dependent on grants ar dOnatn$. Our mentoring maInS free to the Se¢0 user and our aim is th81 this MaInS the case. Structure, governance and management a. Constllutlon Buddy Up is a registered charitsble incorwraled organisalion. Yth charity number 1190942. and is constlluled undtrr a conslilulion. As such i¢ h8$ a company number CE023642, bul does not fall under Companies Act 2006 regulations nor is it required to file with Companies HoLtse. b. Methods of appolntment or electlon of Trustees New trustees are aprx)inted by the existing Injstees aThl serve for five years, after which they may put themselves forward for re-appointmenl. The governing document provides for a minimum of three trustees. There is no maximum lirnil. ¢. Organl$atlonal $tru¢ture and dg¢l$lon4naklng pollcles The Iruslees rneel al least four times a year. Al these meetings, the trustees agree the broad strategy and areas of activity for the tharity. The trustees revw *1leS arKI perfomiance, the day-104ay delivery, and the financials ol thè charity- The trustees consider the board of truslees and Ihe chief execulive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-lo-day basis. AJI trustees give of their time freety and no trustee remuneration was paid in the year. Trustees are required to disck)se all relevant interests and register them wlh the CEO and in accordance with the Trust's poli¢y withdraw from d$¢isions where a ¢onfli¢t of interest arises. Page 4
BUDDY UP TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Structure, governance and management {continuedl d. P¢ll¢l•s adoptsd for th• Indu¢tlon and trnlnlng of Tw$tt•s On appointment, new trustees sign a trustee declaration statement committing them to giving of their time and expertlse. There is a formal inducts.on prryJr8mme for any neY appointed Iruslee, which Includes an Initi81 meeting the Chair 8nd the trustees. followed by a series of short meetings wth the CEO lo gain a greater undèrstanding of the ¢haritable purposès, the grant making process. powers. and responsibilities ol the trust88. They are lasked with lamiliarising themselves with Ihe goveming document, review previous meets'ngs minutes and the financial history of the charty. e. Pay poll¢y for kty manag•m•nt yrsonn•l The pay of the charity's CEO is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity and its economy of operatsons. the Iruslees consider the remuneration is also bench-marked with ¢harib"es ol a similar size arKI activity lo ensure Ihal the remuneration set is fair and not out of Ilne with that generally paid for similar roles. f. Related party rolationshlps The Charity is not part of a wder n8N¥ork. g. Flnancl81 rf$k managemtnt 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 ihat syslems and procedures are in place to mitigate exposure lo the major risks. Page 5
BUDDY UP TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2022 Statement of Trustees. responsibilities The Trustees 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). The law applicable lo charities in England & Wales requires the Tnjstees to prepare financial statements lor each financial year which 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 antl principles of Ihe charib.es SORP IFRS 1021,. make judgements and accounting estimates that arè rèasonable and prudent.. stale whether applicable UK Account1r Standards IFRS 1021 have been folbwed. subject lo any material departures disclosed and explaine(l in the financial statements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that tha Charity will continue in business. The Trust9es arg rgsponsible lor keeping *ouale accounling records that afe suffi¢ignl to show and explain the Charity's transactions and disclose with reasonable a¢¢uraw at any time the financial position of the Charity and enable them to ensure that the financial statements comply wih the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and ihe provisions ol the constitution. They are also responsible lor safeguarding the assets ol the Ch8rity ar ftee for taking reasonable steps for the prèvèntion and dèleclion of fraud and other irregularities. Approved by or(Jer of the members of the Lx)ard of Trustees and slgned on their behalf by.. Warren Townsend Warren Christopher Townsend Chairman Dale.. 27 Jul 2023 Page 6
BUDDY UP INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Independent examiner's report to the Trustees of Buddy Up {Ihe charit) I report to ihe charity Trustees cm my examination of the accounts ol the Charity for the year ended 30 September 2022. R$sponslbllltl•$ and b•sls of r¢port As the Trustees of the Charity you are reSpCsIble for the preparation of the accounts in accajrdance with the requirements of the Charilies Act 2011 1.the 2011 Acr}. I report in respect of my examinaticjn of the Chariws anIS rried out under section 145 of the 2011 A¢t and in carrwng out my examination I have followed Ihe applicable Direcbons given by the Charity Commission under section 14515llbl of the 2011 Act. Indap•nd•nt •xamln•r's statèment Your allenlion is drawn lo the lact that the Charity has prepared the accounts in 8ecordanee with Accounting and Reporting by Charities.. Slalemenl of Recommended Practsce applicable ¢0 charities preparlng their accounts In 8ccordan¢e with the Financial Reporting Slandard applicable in the UK and Republi¢ of Ireland IFRS 1021 in preferenc8 to the Accounting and Reporting by Charits'8s'. Stalement of Recommendad Practic8 issued on 1 April 2005 which is referred to in the extant regUla.On$ but has been wthdrawn. l understand Ih81 this has been done in order for the accounts lo provide a true and lair view in accordance wlh the Generally Acceplgd Accounting Practice effective lor reports'ng peri¢yJs beginning on or after 1 January 2015. I have completed my examination. I confim that malters have come lo my attèntion in connection with th examination giving me cause lo believe that in any malenal respect.. accounting records were nol kept in respecl of the Charity as required by seclion 130 of the 2011 Act; or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulab'ons 2008 other than any requirement that the accounts give a 'true and fairf View vthich is not a matter conSered as part of an independent examination. I have no concerns and have come across no oiher matters in connection with the examination to which allenlion should be drawn in this report in order io enable a proper understandiThJ of the acoJunts lo be reached. This report is made solely to the Charitls Trustees, as a body, in a¢¢ordance wth Part 4 of the Charits'es (Accounts and Reports) Regulab'ons 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to slale lo them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charitys Trustees as a LKKIY, for my work or for this report. Signed.. Dated.. 28 Juty 2023 D B005ey BA (Hon51 FCA MHA Page 7
BUDDY UP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022 Restricted Unrestricted funds fund$ 2022 2022 Total funds 2022 Total funds 2021 Noto Income from: Don81ions 8nd grants Investments 44.361 39,671 84,032 23,930 Total Income 44,361 39,672 84,033 23,930 ExpendSture on: Charitable activities 21.873 47,992 69,865 12,534 Total •xp•ndlture 21,873 47,992 69,865 12,534 Total transfern Not movement In funds 22.488 18,3201 14,168 11,396 R•c¢n¢Sllatlon of fvnds: Total funds brought forward Net movement in funds 11,396 18,3201 11,396 14,168 22.488 11,396 Total funds ¢¥rrf¢d forward 22,488 3,076 25,564 11,396 The Slalemenl of financial aclivrts includes all gains and losses r8co3nisgd in the year. The notes on pages 10 lo 19 form part of these financial statements. Page 8
BUDDY UP BALANCE SHEET AS AT 30 SEPTEMBER 2022 2022 2021 Nots Flxgd a$sots Tangible assets 10 399 1,197 399 1,197 Curr•nt ass8t$ Debtors 34.221 Cash 81 bank and in hand 10,853 34.903 10,853 Creditors.. amounts falling due within one year 12 (9.738) 16S41 N•1 curront ass•t$ 25,165 10,199 Total a8set8 less current Ilabllltles 25.564 11,396 Not 888¢t8 excludlng penslon ¥88•t 25,564 11,396 Total n•t ass•ts 25,$64 11,396 Charlty funds Restricted funds Unreslricled funds 13 13 22,4B8 3,076 11,396 Total fund8 25,564 11,396 The financial statements were approved and alriSed lor issue by the Trustees and signed on their behalf by.. W8rren Townsend Warron Christoph•r Townsend Chair of Trustees Dale.. 27 Jul 2023 The notes on pages 10 to 19 form part of these financial statements. Page 9
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting policies 1.1 Bas1$ of pr¢paratlon of flnan¢lal $tatsm•nts The financial statemenls have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and ReFM)rting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reports'ng Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. the Financi81 Reporting Stsnd8rd applicable in the UK and Republic of Irelan¢J IFRS 1021 and the Charities Act 2011. The financial statemenis have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulatsons 2008 only to the extent required to provide a 'true and fair, view. This departure has involved followng the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. Buddy Up meets the definition of a public benefit entity under FRS 102. Assets and liabilit19s arg initially recognised at historical cost or tranSactn value unless oth8rwse statsd in the relevant accounting policy. 1.2 Golng con¢om The Trustees assess whether the use of going concem is appropriate i.e. whether there are any matèrial unc8rtainties r8lat8d to events CN conditions ihat may cast significant doubt on th8 ability of the Trust to contsnue as a going concern. The Truslees make this assessment in respect ol a period of al leasl one year from the date of authorisation for issue of the financial statements and have concluded that ihe Charity has adequale resources to conlinue in operational existence for the foresetsable future and there are no malerial uncertainties abovl the Charitys ability lo continue as a golng concem, thus they continue lo adopt the going Concem basis of 8¢counling in preparing the financial slalements. Page 10
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting policies Icontinuedl 1.3 Incom8 All income is recognised once the Charity has enliuemenl to the income, il is probable that the income wll be received arKI the amount of income receivable can be measured reliably. Grants are induded in the Ststemenl of financial activibes on a receivable basis. The balance of income received for specffic purposes bul nol èxpended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entiilement of receipt, its recognition is deferred and included in credilors as deferred income. Where enliuement occurs before income is received, the income is accrued. 1.4 Exp•ndlturn Expenditurè is rècognis8d onc8 Ih8r8 is a legal or construcliv8 obligation to transfer èconomic benefit to a third party, il is probable that a transfer of economic benefrts wll be required in settlement and the amount of ihe obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up ol the total ol direcl costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributsble to a singlè activity are allocated directly lo Ihal activity. Share(I costs which contribute to more than one a¢livity and support costs which are not allribu¢able lo a single aclivity are apportioned belw88n those activities on a basis consislenl wlh the use of resources. Central staff cosls are alk)cat8d on lh8 basis of ts'me sp8nt, and d8pr8ciation charges allocated on Ihe portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Charity lo raise fund5 for ils charitable purposes and includes costs of all fundraising activities events and non-charitsble trading. Expenditure on charitable adivitios is incurred on directly undertaking the aclivf(ios which furthor tho Charilys objectiv¢s, as well as any associated support costs. All expenditure is inclusive ol irrecoverable VAT. 1.5 Tanglble flxed Sets and deprecl4tlon Tangible fixed assets are inilially recognised at cost. After recognition, under the cost model, tanglblo rixed assets are measured al cost less accumulated depreciats'on and any accumulated impairment losses. All costs incurred to bring a tangib fixed asset inlo its intended working condilion should be included in the measurement of cost. Depre¢i81ion is ¢h8rged $0 8$ to all¢x8te the cost of tangible fixed assets less their residu81 v81ue ovgr their estimat8d us8lul INes, on thè basès laid out below. Depreciation is provided on the fc4low.ng basis= Computer equipment 33% straigh14ine 1.6 D•btors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al Ihe amount prepaid net of any trade discounts due. Page 11
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accounting policies Icontinuedl 1.7 Cash at bank and In hand Cash at bank and in hand indudes 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 dew)511 or similar account. 1.8 Llabllltl•s and provlslons Liabilities are recnISed ¥then there is an obligation al Ihe Balance sheet date as a result of a past event, il is probable that a transfer of economic benefft will be required in settlement, and the amount of the settlement can be estimated reliably. Llabililies are cOgnised al Ihe amounl thal the Charity antlcipates il w511 pay to settle the debt or the amount il has received as advanced payments for the g(x)ds or services it musl provide. Provisions are measured at Ihe best estimate of the amounts required to settle the obligation. Wher¢ the effect of Ihe time value ol money is material, the provision is based on the present value of those amounts. discounted al the pr&tax discount rate that reflects (he risks specific to the liability. The unwinding of the discount is cOgnised in Ihe Statement of financial activities as a finance cost. 1.9 Flnan¢lal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured al their settlemenl value with the exception of bank loans which arè subsequently measured al amortised cost using the effecb've interest method. 1.10 P•nslon$ The Charity OP8rales a defined contribulion pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 1.11 Fund accountlng General funds are unrestricted funds vthich are available for use at tho discretlon of the Trustees In furtherance of the general objectives of ihe Charity and which have not been designated for other purposes. Reslricled funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administèring such funds ar8 chargefj against th8 sp8cific fund. Thè aim and Ljsè of èach r8strictèd fund is sel out in the notes to Ihe financial statements. Investment inccffle, gains ar losses are allocaled lo the appropriate fund. Page 12
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Income from donatlons and grants Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Donations 3,139 36,532 3.139 80,893 Grants 44,361 Total 2022 44,361 39,671 84,032 Restricied Unrestricted funds funds 2021 2021 Total funds 2021 Donations Grants 400 19,530 400 23,530 4,000 Total 2021 4,000 19,930 23,930 Analys18 of grants 2022 2021 Shanly Foundation Coleman Trust 1,000 2.000 8,640 17,280 2,000 5,612 2.000 42,361 2,000 9,690 National lottery main grants Surrey Downs Better Care Fund Albert Hunt Surrey Community FurKI KFC foundation Multi- sit8 trails Herefordshire Community Fund Ford Britain Trust 9,590 2,ODO 250 80,893 23,530 Page 13
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Investment Income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Bank interest receivable Analysls ¢f ¢xyndltur• on ¢harltabl• actlvltles Summary by fund ty ReBtrlcted Unretstrlcted fund8 funds 2022 2022 Total 2022 Mentorin9 serwces 21.873 47,992 69,865 Reslrieled Unreslricled funds funds 2021 2021 Total 2021 Mentoring Services 4,000 8,534 12,534 Analysi$ ¢f ¢xynditur• by a¢tiviti•$ Activities undertaken directly 2022 Support costs Total fund5 2022 2022 Mentoring services 60,876 8,989 69,865 Page 14
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 AnalysSs of oxpendlture by actlvStSgs {contlnued} Activities undertaken dire¢dy 2021 Support Costs 2021 Total funds 2021 Mentoring serwces 11.145 1,389 12,$34 Analysls of dlroct costs Total funds 2022 Total funds 2021 Staff costs Travel 57,420 3,456 10,602 543 Totsl 2022 60,876 11,14S Analys18 of support Costs Total fund$ 2022 Total funds 2021 Depreciation Bank Charges Advertising Legal and professional Insurance Postage and ststionery Sundry Training Govemance Costs 798 82 1,072 102 271 350 32 133 300 6.960 Total 2022 8.989 1,389 Page 15
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Ind8p8nd8nt examinerfs remuneration The independent 8xaminerfs remuneration 3m¢xJnts to an iNlepèndènl èxaminer feg of £3,600 P021 - £ -), and accoLJntancy fees of £3.00012021- £ -1. Staff costs 2022 2021 Wages and mentoring fees S¢xial stturity Costs Contribution lo defined contribution pension sehemes 51.940 4.538 10,248 354 57.420 10,602 The averagg number of persons employed by Ihe Charity during the year was as follows.. 2022 No. 2021 No. Employees No employee received remuneratic amounb'ng lo more than £60,0 in either year. During the year, the CEO received remuneration of £40,400 12021 £9,900) in his role as CEO and mentor, and was reimbursed travel expenses amounts.ng £2,16412021- £5431. TN$tèè$' r•mun•ratlon and •xp•n$•$ During the year, no Trustees received any remuneralion or other benefrts12021- £NILI. During the year ended 30 September 2022, no Trustee expense5 have been incurred12021- £NILI. Page 16
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 10. Tangibla fixed assats Computsr •qulpm•nt Cost or valuation Al 1 October 2021 1,197 At 30 Septemtrer 2022 1.197 D•prèelatlan Charge for the y¢ar 798 AI 30 Seplembttr 2022 798 N•t book value AI 30 Seplemter 2022 399 11. D•btors 2022 2021 Due wlthln one •r Prepayments and accrued income Grants receivable 193 34,028 34,221 12. Credltors: Amounts falllng due wlthln one year 2022 2021 Other taxation and s181 security Other creditors 1,207 1.931 6.600 654 Accruals 9,738 654 Page 17
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 13. Stat8m8nt of funds Statement of funds- current year 8818nce at 30 September 2022 Balaneè at 1 October 2021 Income Expenditure Unr•$trlct•d funds General Funds - all funds 11.396 39,672 {47,9921 3,078 8alance at 30 Sopt&mb•r 2022 Balance at 1 O¢tobor 2021 Income Expondlturo R•strlct•d fund8 Restricted Funds- all funds 44.361 {21,8731 22,486 84lance at 30 September 2022 Balanc• at 1 October 2021 Income Expendlturt Total of funds 11.396 84.033 {69.8651 25,564 Stat•m•nt of fund8- prlor year Balance al 30 September 2021 Balance at 1 October 2020 Income Expenditure Unrestrlcted funds Gener81 Funds- all funds 19.930 18,5341 11,396 Restricted funds Restri¢t8d Funds- all funds 4,000 14,OWI Totsl of fvnd$ 23,930 112,5341 11,396 Page 18
BUDDY UP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 14. AnalysSs of net assets betw8an funds Analysis of net a55ets between funds- current year Restrl¢ted Unrestrl¢t¢d fund$ funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Creditrjrs du8 within on8 year 399 34,903 19,7381 22,488 12,415 19,7381 Total 22,488 3,076 25,564 Analy81s ¢f nèt as8*ts b•tw•on funds- prlor ar Unrestricted funds 2021 Total funds 2021 Tangible fixed assets Current assots Creditors due within one yyar 1,197 10,853 16541 1,197 10,853 16541 Total 11,396 11,396 15. Pgnslon ¢ommltmgnts The Charity operales a defined contribulion pension scheme. The asseis of the scheme are held separately frorn those of the Charity in an independenuy administered fund. The pension cost charge represents ¢ontribulioiis payable by the Charity lo the fund and amounted lo £2,197 12021 £NILI. No amounts were payable to the s(l)eme al the year end12021 - £NILI. 16. Related party transactions During the year, training was provided lo the rnenlors by R Ring. a trustee of the Charity. free of charge. The value of the training provided was £300. No Comparablg transaction took place in the prior year. Apart from key management rsonnel expenses reimtsjrsed as disdosed in Note 8, there were no other related party transacts'ons in the year12021- £NILI. Page 19