Owl Blue (A company Ilmlted by guarantee) Unaudited financial statements for the year ended 31 August 2023 Charity number: 1191314 Company number: 06994121 robinson+co Chartered Accountants
Owl Blue (A company limited by guarantee) Contents Page Legal and administrative information Trustees, report Independent exarniners, report Staternent of financial activities io Statement of financial p05tion 11.12 Notes to the financial statements 13.22
Owl Blue (A company limited by guarantee) Legal and administrative information Charlty number 1191314 Company registration number 06994121 Reglstered offlce 89 Wood Street Maryport CA15 6LH Trustee5 Mr R B Goodwin Mr P M Hoyles Miss S J Hooks Mrs S L Steele Accountants robinson+co Oxford Chambers New Oxford Street Workington CA14 2LR Bankers Natwest Bank plc 31 Pow Street Workington CA14 3AE Page I
Owl Blue IA company Ilmlted by guarantee) Report of the trustees {incorporating the directors, report) for the year ended 31 August 2023 The trustees present their report and the financial staternent5 for the year ended 31 August 2023. The trustees. who are also directors of Owl Blue for the PUTPQSes of company law and who served during the year and up to the date of this report are set out on page l. Structure, governance and management Owl Blue 15 a not-for-profit organisation and is a company limited by guarantee. It was incorporated on 19 August 2tX)9 as Asante and was known a5 Asante Sana Foundation from 7 January 2010 to 27 February 2016. It is governed by its Mernorandum and Article5 of Association dated 19 August 2009. as amended on 14 September 2020. Oblectlves and acttvlties l. The relief of persons within the autism spectrum disorder, including pathological demand avoidance IPDAI and per50n5 with other hidden disabilities, for example. Asperger's syndrome. ADHD (attention deficit hyperactivity disorderl and sensory impairments such as deafness, and their families and carers in particulai, by providing independent professional information. advice and support to those persons. Thls includes those awaiting NHS diagnosis. 2. To promote social inclusion for people with hidden dlsabilities who are socially excluded from society, or parts of society by.. al Preventing people with h(dden disabilities from becorning socially excluded,. bl Relieving the need5 of such people re8ardless of sex, race, disability, ethnic ori8in, religion. belief. creed. sexual orientation or gender re-a5Sl8nment. cl Raising public awareness of the issues affecting hidden disability both generally and in relation to soclal exclusion, through providing workshops, forums, advocacy and general support. Public benefit We have refelred to the guidance contained in the Charity Commission's general guldance on public benefit when reviewing the charity's aims and objectives and in planning future activities. We are satisfied that our activitie5 over the year accord with the airns and objectives and provide the appropriate public benefit. Achievements and performance Another very positive year for us all at Owl Blue. Our support and advice projects are 8rowin8 and the ARFID support project has been very successful, it is pretty much the only one of its kind in the country. A1ihou8h Owl Blue was never set up with the intention of winning award5, It is always niee to be ftorninated and recognised. For us to reach the flnals of the National Diversity Awards was a tremendous achievernent, and shows the scale of the professionalSsm, dedS¢atlon and high standards that's paramount. We have new plan5 for the upcoming year and we hope again to build on our continued succes5. Pa8e 2
Owl Blue (A company Ilmlted by guarantee) Report of the trustees {incorporating the dirertors, report) for the year ended 31 August 2023 Support Network 11 Al Owl 81ue now have an extenslve range of support and advlce services for Individuals, families, businesses, Schools & voluntary or8anisatSons. our maln professlonal advice In our I I sesslon elther In person or over video calls 15 given bv Geoff Evans, Nichola McDougall & Ruth Barker and general advice and support given by Stuart McDou8all & Lisa Steele. Bl Our l..1 sessions have been lrnmensely popular., we have held monthly face to face appointments in our Maryport office5 which are held by Geoff Evan5, these are fully booked a month in advance (due to demand). We have referra15 from families themselves and from various public Services based in Cumbrla, inclvding (but not exclusive tol CAHMS, Childrens Services. Bernardo'5, Famlly Actlon. Soclal Prescrlbers & schools. Appolntments have been made Ihrou8hout Cumbrla and beyond. Cl Our vldeo calls servlce ijsually have a weeks wallln8 Ilme and are taken by our fully qualified professionals (Geoff, Nichola & Ruthl and referrals are made by the same manner as mentioned In B. Th55 service is mainly used by famllies from throughout Cumbria, we have a150 had referrals from South Scotland, Lancashlre, Durham and Nottln6ham. 01 Our advlce to Schoo15, Buslnesses and other organlsatlons has been a huge success. By workln8 tO8ether we w511 make changes In the way we work and teach. Many years have been spent tryln8 to make neurodlvergent people conform. Into neur¢typi¢al ideologies, this is extremely dama8ln8. By 8alnln8 an understandin8 Into why change Is necessary we are step closer creating an incluslve society. 21 Owl Blue acts as a 'Single Polnt of Access, for over el8hty buslnes5es and or8anlsatlons throughout Cumbrla. 31 We also now work wlth varlous cornpanies throu8htsut the feglon offering advlce on neurodlverslty In the workplace. Semlnurs & Workshops Over the last couple of years due the the Covid-19 crlsls, our semlnars & workshops were suspended. Slnce the lilting of restrlctlons, these have now returned, although wlth purposely lower numbers. We are not qulte ready to get back to the 200+ people aitendlng events thai we had pre-covld. We belleve this Is relevant as we're not sure If larger seminars wlll ever get back to thelr former glory, wlth smaller, more Intlmate workshops appearln8 more favourable. Geoff Evans has taken smaller events at Nurserles, Schools & ¢olle8es, these were held on thelr premlses and were just a general understandinB on condltlon5 such as autism and ADHD. Geoff Evans, Ruth FSdler and NSchola McDougall have hosted workshops on the followlng subjects. Uftderstandin8 AOHD Understanding Neurodlverslty In the Workplace Under5tandin8 Neurodiver5Ity, Eatln8 Dlsorders & Mental Health. Under5tandin8 ARFID Understandin8 PDA These were held at a variety of venues throughout CL*rnbria. Most of the above semlnars and workshops were free of charge to famllles and a small charge for professionals and businesses. Pate 3
Owl Blue (A company limited by guarantee) Report of the trustees {incorporatin8 the directors, report) for the year ended 31 August 2023 ARFID- ovoidont restrictivefood intoke disorder (support gmup Support 8rovps are s(>mething we have not done in the past but we were havlng so many families come to us with issues with various Services over eating di50rders, children been wrongly diaBnosed and mis-understood. most children who had ARFID were wrongly been treated for anorexia Icornpletely different profile) most also had other conditions such as autisrn, ADHD or OCD, these condition5 were not been taken into cor¥sideration when treatment was being offered and many children and families have 5tJffered a5 a result. We run a monthly support group held at the settlement in Maryport. We have also been doing a presentation on ARFID to Schools, 8TOUP5 and GP Surgerie5, which we hope to build on. This is also an example on how we are going to listen to service user5 and engage in activities and project5 that are much needed in Cumbria. Gronts & Fundroising We thank all those individua15, organisations, Charities & Local Authorities that have continued to share our values and support our WOTk in 22123. We value all our relationships and networks, as it is the collective voice that speaks the loudest. We appreciate all support and collaboration to date and thi5 will be an essential factor in putting all people with a Hidden Disability at the centre of decisions and in the heart of their communitie5. Thanks to our main funders in 202212023... Frances C Scott Trust Maryport Town Council Robin Rigg Trust As mentioned, we will be Working hard to increase the amount of funders In 202312024 Our fundraisin8 shop still remains a good Source of income for Owl Blue, alongside the grants we now receive and the fundraisers we have. We are also goin8 to be looking to increase the mount of people fundraising for Owl Blye and for other sources of income. Pa8e 4
Owl Blue (A company limited by guarantee) Report of the trustees {Incorporating the directors, report) for the year ended 31 August 2023 Awards In September 2022 Owl Blue was shortlisted in the final eight in the eatègory of 'Community Group - Di5ability' at the National Diversity Awards, which were held at the Anglian Cathedral in Liverpool. Although we were not the overall winners on the evening. for us to even reach the finals, Out of an initial 75,000 nominations from throughout the UK wa5 an amazing achievement for us all. The formation of Owl Blue was never with the intention of winniftB awards. but for us to be nationally re¢oBt)ised is something we are immensely proud of. In May 23 our ARFID support project was also 5hortli5ted in the finals of the Pride of Cumbria awards, again we weren't overall winner5 on the evening but anothei huge achievement for Owl Blue to be agaln shortlisted. Below are some examples of the re¢ommendations we have received over the past twelve months. Owl Blue are simply amazing. A5 a farnily unit we have been failed and destroyed by so called services, it was only after intervention of the crisis team that we were introduced to Owl Blue. For the first time. we felt understood, listened to, not judged or a burden. When we were first told they had been approached for Support. I presumed they were another council funded statuary service but in reality, they are a small self funded charity with the most dedicated people you could ever hope to encounter. Everything about them was first class, nothin8 wa5 too much trouble. their support was simple and effective and wasn't your usual 9 - S operation. We had many e-mail conversations well into the evening and weekend5, that in itself was reassurance you never usually encounter. After months of researching the internet. Speakin8 to doctors we just felt so lost. worried and just didn't know what to do next. Our little girl 15 severely autistic non verbal aged 6 and is diagnosed with ARFID. We were at the point where we were so worried She was Éoing to be admitted to hospital. We came across an advertisernent for an ARFID support Broup and thought let's just try it and See what happens. I can't tell you how much a 30-minute conversation with the lady who runs this group from owl blue changed our life. Everything she said to us instantly rnade sense as to reasons why certain things were happenin8. Since then we are just 50 so grateful to have these people on our doorstep. I feel like they've given us more support and help in a 30-minute ¢onversation to what any Professional DR or paediatrician ever has. We can't thank you enough. Owl Blue have helped and continue to help so many people in need when there Is little to no support available. I have worked with them over the last year and a half to expand this to our colleagues at the Cumberland Building Society and the feedback we have received is phenomenal. Some have said life changing. They really do go above and beyond to help in any way they can and rrake a difference to so many people'5 lives. Not only those with neurodiverse conditions but also those who help and support them. This generates a strong support network and therefore allows people to flourish when they may not have been able to do so. Pa8e S
Owl Blue (A company limited by guarantee) Report of the trustees {incorporating the dlrertors, report) for the year ended 31 Au8USt 2023 Awt7rds continued Since my diagnosis of ADHD I was advised by Adult Social care to contact Owl Blue to see if they could offer me any advice and support. Not only have they helped me understand my condition they have helped me set up reasonable adjustments at work and advised my work on how best support me and others My partner and myself have also attended several of their workshops which have been extremely informative and a huge help being allowed to take my partner alon8 who often struggled understanding my behaviours. My oldest daughter also attended one of their siblings. workshops which was also extrernely beneficial, and I think it's amazing how they don't just concentrate on the actual person with the condition. Owl Blue are an absolute credit to Cumbria. Even in crisis the NHS Iwe have dealt with Paedlatricians. dieticlans. psycholo8lSt5, psychiatrists, eatlng disorder teams. nurses. and camhsl misunderstood our daughter and the services were not fit for purpose. Service5 for autism are shocking, following diagnosis there has been very little help. The NHS focused on behaviours and never what the underpinning reasons were to oor daughter's crisis. Owl 81ue were able to coach us as parents for 2 years when our daughter had very rigid routines. was bein8 tube fed. in and out of hospital, out of education. newly diagnosed Aut15tic and ARFID and was in burnout and crisls. More recently our daughter has felt able to have l..1 sessions with Nichola which have been very p05itive......validation and kindness has done 100% more positive5 and progress than the NHS approach which was being detrimental. Nichola helps our daughter to understand herself, talks about P051ttves, recognises what helps her and what strategies to use if she 15 Struggling. They talk about what she can do, not what She can't, which is a strategy that lots of professiona15 need to learn. Learning about behaviours. routines, flexibility and predictability and giving our daughter. Hope and p051tivity has seen very positive outcomes. Our daughter is back to smiling, going places, gaining weight, she has been able to try oral foods again. she feels happier and more flexible and She most definitely has her twinkle back. There are no ARFID services in Cumbria and so eating disorder tearns who normally treat anorexla become involved. This is not appropriate, especially for aut15tlc children. Owl Blue have been able to advocate for our daughter and ensure that her treatment and care is always through a neurodiverse lens. Without Owl Blue we would be l()st and to be honest I feel our daughter would be heading for tier 4 eare due to lots of other professions not understanding her. They are worth their weight in 801d. Finantlal revlew At the balance sheet date the charity had a surplus of £6,482 on unrestricted funds and £2,354 on restricted funds. Reser¥es Reserves at the balance sheet date are held pending utilisation on sultable projects. The trustee aim5 to hold sufficient reserve5 only to pay for any running costs of the organisation as they fall dtse. All other funds raised are spent on the various project5 SUPPOrted. Risk management The trustees have assessed the major strategic, business and operational risks to which the organisation is exposed. He is 5atlsfied that systems are in place to mitl8ate the exposure to these risks. Page 6
Owl Blue {A company limited by guarantee) Report of the trustees lincorporatlng the dlrectors, report) for the year ended 31 August 2023 Plans for future periods Owl 81ue will be looking to further develop support networks, there is a huge 8ap in 5eryices available gènerally In Cumbria. and hence the amount of referrals Owl 81ue now receives. We will continue to Use the best available professionals and ensure correct and relevant advice and support is given. We will be seeking to increase the number of seminars, talks and workshops we offer. giving families and the wider communities, businesses, Schools. colleges and otheT or8ani5ations knowledge In the hope of making change. Simple changes that can be made in our daily lives can make a huge difference in the lives of someone with a hidden disability. Society has tried to force individuals (especially neurodivergent individuals) into conforming into neurotypical ideologies, naturally this has been unsuccessful. creating further problem5. Society and attitudes need to change and something we are determined to achieve. We will be looking to increase the amount of professionals that Owl Blue uses, Nichola has Started approaching new professionals in order to achieve thi5. We will be speaking with more service users from throughout the county to Identlfy the seNices lacking and address thi5 by settin8 up new services and projects. We will actively seek new people to join us as trustees to help with the running of Owl Blue and volunteers to aid in all aspects of Owl Blues development. Our fundraisin8 shop volunteer number5 are similar to what they were before the COVIO crisis. We are seekin8 Out new funding source5 and lookinB to vastly increase the amount of grants we receive, hence helping s contSnue the work we have already e5tabli5hed and to fund new projects. We will be liaising with our accountants about when would be the best time to split Owl Blue into a charity and a trading subsidiary. This is somethlng we are all very keen on establishing but when It's appropriate timing. To enga8e in more fundraising activities. over the past few years we have contenirated on gaining funds from grants and our fundraising shop, we wlll look into sponsored events, raffles et¢., small amounts will help us reach our goals. Statement of trustees, responslblllties The trustees (who are also director5 of Owl Blue for the purpose of company lawl are responslble for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accountin8 Practice. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incomin8 resources and application of resource5, includin8 the income and expenditure, ol the charitable Company for that period. In preparin8 these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP,. make judgements ènd estimates that are reasonable and prudent.. State whether èpplicable UK Accounting Standards have been followed, subject to any material departures disclosed nd explained in the financial statement5', and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Page 7
Owl Blue {A company limited by guarantee) Report of the trustees (incorporatlng the dirertors, report) for the year ended 31 August 2023 The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable cornpany and which enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Small tompany provisions This report has been prepared in accordance with the special provislons for small companies under Part 15 of the Companies Act 21)06. On behalf of the board Mr P M Hoyles Trustee 20 May 2024 Page 8
Owl Blue IA company limited by 8uarantee) Independent examiner's report to the trustees on the unaudited financlal staternents of Owl Blue. I report to the charity trustees on my examlnation on the accounts of Owl Blue for ihÈ year ended 31 Au8USt 2023 Set out on pages 2 to 22. Responsibilltles and basls of report As the charity's trustees of the Company Iwho are also the directors of the company for the purpose5 of company lawl, vou are responsible for the preparatlon of the accounts in accordance wlth the requirement5 of the Companie5 Act 2006. Havln6 satisfied myself that the accounts of the Company are not requlred to be audited for this year under Part 16 of the 2006 Act and are eli8ible for independent examlnation, I report In respect of my examlnatlon of your charltY'5 ccounts as carrled out under section 145 of the Chafltles Act 2011. In carTyln8 Out my examlnallon, I have followed the directlons 8lven by the Charity Cornmis5ion (under sectlon 145151 Ibl of the ChaTStles Act 2011. Independent examlner's statement I have completed my examlnatlon. I confirm that no materlal matters have come to my atteniion whlch glves me cause to believe that.. accounttng records were not kept In accordance wlth 5ectton 386 of the Companles Act 2006,. or the accounts do not accord wlth such records.. or the accounts do not comply wilh relevant accounttng requirernents under $e¢tlon 396 of the Companles Ad 2006 other than any requirement that ihe accounts give a 'true and falr, view whl¢h Is not a matter con51dered as part of an ndependent examlnation., or the accounts have not been prepared In accordance wlth the Charldes SORP IFRS1021. I have no concerns and have come across no other matters In connection wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandin8 of the accounts to be reached. Darren Mew5e FCA, roblnson + co Chartered accountants Independent examlner Oxford Chambers New Oxford Street Workington CA14 2LR 20 May 2024 Page 9
Owl Blue IA company limited by guarantee) Statement of financial actlvltles {Incorporatln8 the Income and expendlture account) For the year ended 31 August 2023 Unrestrlcted Restrlcted funds funds 2023 Total 2022 Total Notes Incomln8 resources Incoming resources from generatin8 funds.. Voluntary Income Activities for 8eneratlng funds 20,810 30,656 11,702 32,512 30.656 18,234 28,176 Toial Incomlng resources 51,466 11.702 63,168 46,410 Resources expended Costs of generatlng funds.. Costs of other tradln8 actlvltles Charltable activities Governance costs 25.159 23,669 25,159 43,908 23.031 27.441 34 20,239 Total resour¢es expended 48,828 20,239 69,067 50,S06 Net Incomlng/lout8olngl resources for the year / Net Incomellexpendlture} for the year 2,638 18,5371 IS,8991 14,0961 Total funds brought forward 3,844 10,891 14,735 18,831 Total funds carrled forward 6,482 2,354 8,836 14,735 The statement ol financial activltles Includes all 8aln5 and losses In the year and therefore a separate statement of total reco8nlsed galns and losses has not been prepared. All of the above amounts relate to contlnuln8 actlvitbes. The notes on pages 13 to 22 form an Integral part of these flnanclal statemtnts. Page 10
Owl Blue (A company Ilmlted by guarantee) Statement of flnancial postion as at 31 August 2023 2023 2022 Notes Flxed assets Tan8ible assets Curfent assets Debtors Cash at bank and In hand 13 671 179 14 41 10,981 32 17,593 11.022 17,625 Cred5tors: amounts falllng due wlthln one year 15 11,7241 11,3331 Net current a55et5 9,298 16,292 Total assets less current 9,969 16.471 Credltors: amounts falllng due after more than one year 16 11,1331 11,7361 Net asset$ 8.836 14,735 Funds Restrlcted Income funds Unrestricted Intome funds 17 2,354 6,482 10.891 3,844 Total funds 8,836 14,735 The statement of flnanclal postlon contlnues on the followln8 pa8e. The notès on pages 13 to 22 form an Integral part of these financlal statements. Page 11
Owl Blue (A company limited by guarantee) Statement of flnanclal postlon (continued) Trustees statements required by the Companles Art 2006 for the year ended 31 August 2023 In approving these financial statements as trustees of the company we hereby confirm.. lal that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2J6,. Ibl that no notice has been deposited at the registefed office of the company pursuant to section 476 of the Companies Act 21X)6 requesting that an audit be conducted for the year ended 31 AuBust 2023. Icl that we acknowledge our responsibilities for.. 111 ensuring that the company keep5 proper accounting records which comply with section 386 of the Companies Act 2006. and 121 preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirement5 of 5ettions 394 and 395, and which otherwise comply wlih the provisions ol the Companies Act relating to financial statements, so far as applicable to the company. These financial statements are prepaied in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to Small companles The financlal statements were approved by the board on 20 May 2024 and signed on its behalf bv Mr P M Hoyles Trustee Reglstratlon number 06994121 The notes on pages 13 to 22 form an Integral part of these financlal statements. Pagè 12
Owl Blue IA company limited by guarantee) Notes to financial statement5 for the year ended 31 August 2023 General Information The charity 15 a public benefit entity and a private company limited by guarantee. registered in England and Wale5 and a registered charity in England and Wales. The address of the reglstered office is 89 Wood Street, Maryport, CAIS 6LH. statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of1reland IFRS 1021 Icharities SORP IFRS 10211 and the Companies Act 2006. Accountlnz policles Basis of preparatlon The financial 5t6tements have been prepared on the historical cost basis, as modified by the revaluation of certain financial a55ets and liabSllties and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterlin& which is the functional currency of the entity. Goln8 concern There are no material uncertainties about the charity's ability to continue. Dlsclosurè Èxemptlons The charity has taken advantage of the exemption in FRS 102 Update Bulletin I from the requirement to produce a cashflow statement because it 15 a Small charity. Page 13
Owl Blue IA company limited by guarantee) Notes to financtal statements for the year ended 31 August 2023 3.1 Basis of preparation Icontinuedl Judgements and key sources of estlmatlon uncertalr*ty The preparation of the financial statements requires the membels to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually feviewed and are based on experience and other factors, including expectatlons of future events that are believed to be reasonable under the circumstance5. Slgnifitant judgements The judgement5 lapart from those involving estimations) that the members have made In the process of applying the entity's accounting policies and that have the most signsficant effect on the amounts recognised in the financial statements are as follow5.. Impalrment of tanglble assets The charity is required to review fixed assets for impairment. The trustees rnake judgements about the condition of asset5 and review their estimated live5. Key 50urces of estlmatlon uncèrtalnty Accountin8 estimates and assumptions are made concerning the future and, by their nature. will rarely equal the related attual outcome. The key assumptions and other source5 of estimation uncertainty that have a significant rlsk of causing a material adjustment to the carrying amounts of a55ets and liabilities with the next financial year are as follows.. The useful economic life of each category of fixed asset is assessed when acquired by the charity. A degree of e5tirnation ss occasionally used in assessing the usefvl economi¢ life of assets. Fund accountlnB Unrestricted funds are available for use at the discretlon of the trustees to further any of the Charity's purposes. Restrirted funds are subjected to restrictions on their expenditure declared by the donor. Page 14
Owl Blue (A company Ilmlted by 8uarantÈel Notes to financial statements for the year ended 31 August 2023 Incoming resources All incoming resources are Included in the statement of f1nancTal activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categorles of income.. income from donations or grants Is recognlsed when there is evidence of entitlement to the gift, reIpt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated Éood5 is measvred at the fair value of the goods unless this is impractical to measure reliably, in which tase the value is derived from the c05t to the donor or the estimated resale value. Donated facilities and services are reco8ni5ed in the account5 when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for ir to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restrlcted. 3.3. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of dtsnated goods. expenditure on charitable artivities include5 all costs incurTed by a charity in undertaking activities that further its charitable aims for the benefit of it5 beneficiaries, including those 5UPPOrt cost5 and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditvre that is neither related to raising fund5 for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resoijrce. Direct costs attributable to a single aetivity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Govefnance costs include those cost5 allocated with meeting the constltvtlonal and statutory requirements of the charity including accountanLry fees and Costs linked to the strate8lc management of the charity. Page IS
Owl Blue (A company limlted by guarantee) Notes to financial statements for the year ended 31 August 2023 Tangible fixed assets and depreclatlon Tanglble assèts Tangible a55et5 are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment 105ses. Any tangible asseis carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation ar¥d subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carryin8 arnount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other reco8ni5ed gains and losses on the staternent of flnanci81 activities. Depreclatlon Oepreeiation is calculated so a5 to write off the cost or valuation of an asset, less its resldual value, over the useful economic life of that asset as follows.. Fixtures and fittin85 50% straight Ilne Impalrment of fixed assets A review for indicators of impairment is carried out at each feporting date. with the retoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset 15 impaired accordingly. Prior Impairments are a150 reviewed for possible reversal at each reporting date. For the purposes of impairment te5tin& when it Is not possible to estlmate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generatin8 unit to which the asset belong5. The cash-generating unit is the smallest identlfiable grtsup of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combinatlon Is, from the acquisition date, allocated to each of the ca5h-generatin8 units that are expected to benefit from the synerÈie5 of the combination, irrespective of whether other assets or liabilities of the charlty are asslBned to those units. 3.5. Financial Instruments A financial asset or a financial liability is recognised only when the entity become5 a party to the contractual provi5ion5 of the instrument. Basic financial instruments are initially recognlsed at the amount receivable or payable includin8 any related transaction costs, unless the arrangement constitute5 a financing transactlon. where it Is recoBnised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or othèr consideration experted to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Page 16
Owl Blue (A company limited by 8uaranteel Notes to financlal statements for the year ended 31 Au8USt 2023 Voluntary Income Unrestrlcted funds Restflrted lynd5 2023 Total 2022 Total Donations Grant5 recelvable 6,130 14,680 6,130 26,382 2,364 15,870 11.702 20.810 11,702 32,512 18,234 In 2022 of the donatlons and grants recelvable, £15,870 was attrlbLttable to restrlcted funds wlth the balance of £2.364 bein8 attrlbutable to unrestricted funds. Actlvltles for 8eneratlng funds Unrestrlrted funds 2023 Total 2022 Total Shop Income Fundralsing Income Workshopltrainln8 Sncome 23,031 2,865 4,760 23,031 2,865 4,760 21,915 5,401 860 30,656 30,656 28,176 In 2022 all ol the Income from 8eneratin8 funds was attributable lo unrestrlcted funds. Pate 17
Owl Blue IA company Ilmlted by guarantee) Notes to financial statements for the year ended 31 August 2023 Cost of other tradlng actlvltles Unrestrlcted funds 2023 Total 2022 Total Staff cost5 Rent Rates and water Heat and light Repairs and maintenance Insurance Accountancy fees Legal and professional fees Other professional fee5 Telephone charges Website and computer costs Advertising Printing, POSta8e and stationery Bank charges Golf day 12,293 8,060 151 1,631 28 239 339 332 12,293 8,060 151 11,240 7,770 95 535 254 237 318 251 28 442 182 89 48 248 1,294 1,631 28 239 339 332 326 272 326 272 341 162 985 341 162 985 25,159 25,159 23,031 In 2022 of the costs of other tradin8 activitles. all expenditure was attributable to unrestricted funds. Costs of charitable activities- by fund type Unrestflcted funds Restrlcted funds 2023 Total 2022 Total Support costs Autism advice days 11,833 11.836 2,903 17,336 14,736 29,172 12.081 15,360 23,669 20.239 43,908 27,441 In 2022 of the cost5 of charitable activities, £15,702 was attributable to restricted fund5 Wlth the balance of £11,739 being unrestricted. Page 18
Owl Blue {A company limited by guarantee} Notes to financtal statements for the year ended 31 August 2023 Cost5 of charttable actlvlties- by artivity Actlvltles undèrtaken dlrertly Support costs 2023 Total 2022 Total Support Costs Autism advice days 14,736 14.736 29,172 12,082 15.360 29.172 29,172 14,736 43.908 27,442 Governance c05tS 2023 Totzl 2022 Total Currrent tax charBellcreditl 34 34 io. Analysis of support costs Charltable projects 2023 Total 2022 Total Staff costs Rent Rate5 and water Light and heat Repairs and maintenance Insurance Accountancy charges Legal and professional fees Other professional fees Telephone char8es Website and computer costs Advertising Printing, postage and stattonery Depreciation of fixture5, fittings and equipment Bank charges General expen5e5 1.366 4,680 350 979 481 239 339 332 si 326 188 1,366 4,680 350 979 481 239 339 332 51 326 188 1.249 4,680 382 1,438 70 237 318 251 28 330 182 89 48 945 28 1,807 341 850 162 4.052 341 850 162 4.052 14.736 14,736 12,082 Page 19
Owl Blue IA company Ilmited by guarantee) Notes to flnanclal statements for the year ended 31 August 2023 ii. Net outgolng resources for the year 2023 2022 Net outBolnB resources 1$ stated after char8in8'. Depreciation and other amounts written off tanglble flxed assets 850 945 12. Employees Employment costs 2023 2022 Wa8e5 and 5alarles 13.659 12,489 No employee recelved emoluments of rnore than £60,00012022 '. None). The average numbei of employees durlng the year was 112022: 11. 13. Tan8Sble flxed assets Flxtures. Ilttlngs and epulpment Total Cost At I September 2022 Addltlons 5,129 1,342 5,129 1.342 At 31 August 2023 6,471 6,471 Depre¢latlon At I September 2022 Charge lor the year 4,950 850 4,950 850 At 31 August 2023 5,800 5,800 Net book values At 31 August 2023 671 671 At 31 Au8USt 2022 179 179 14. Debtors 2023 2022 Other debtors 41 32 Page 20
Owl Blue IA company lirnited by guarantee) Notes to flnanclal statements for the year ended 31 August 2023 15. Creditors: amounts falllng due within one year 2023 2022 Bank loan Taxation and social security Accruals and deferred income 602 364 758 587 34 712 1,724 1.333 16. Creditors: amounts falllng due after more than one year 2023 2022 Bank loan 1,133 1,736 17. Analysis of net assets between funds Unrestrlcted funds Restrlcled funds Total lunds Fund balances at 31 Au8ilSt 2023 as represented by: Tangible fixed assets Current assets Current liabilities Long-teTrn liabilities 220 9,119 11,7241 11.1331 451 1,903 671 11,022 11.7241 11.1331 6,482 2,354 8,836 18. Unrestrlcted funds At At I September 2022 Incomlng resources OutgolnB resources 31 August 2023 General funds 51,466 148.8281 6.482 Purposes of unrestricted funds The charity's vnrestricted funds can be used with the approval of the board of trustees to fund any expenditure which falls wlthin the charity'5 8eneral aims and objectives. Pa8e 21
Owl Blue IA company Ilmlted by guarantee) Notes to flnancial statements for the year ended 31 August 2023 19. Restrlcted funds At At I September 2022 Incomlng resource5 Outgolng resourcts 31 August 2023 The Solway Firth Partnership Francis C Scott Charitable Trust Cumbria County Council Snowball 125 9,625 1,141 11251 118,5221 11,1411 14511 10,8CQ 1.903 902 451 10.891 11,702 120.2391 2,354 Purposes of restrirted funds The funds from the Solway Firth Partnership are to be spent on website development and office equipment. The funds from The Francls C Scott Charitable Trust are to be spent on Autism events and 1-2-1 appointments The funds from Cumbria County Council ale to be spent on Autism drop on sessions. The funds from the Snowball were to be expended on IT equiprnent. 20. Related party transartions Donations made by trustees and other ielated parties during the year totalled £nil12022- £nill. 21. Company limited by guarantee Owl Blue is a Company limlted by guarantee and accordingly does not have a Share capital. Every member of the company undertakes to contribute such amount as may be fequired not exceedin8 £10 to the assets of the charitable company in the event of its bein8 wound up while he Of she is a member. or within one year after he or She ceases to be a member. Page 22