Charity number. 1192800 THE BESOM NETWORK UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
THE BESOM NEfwoRK ¢ONTENT8 Page . R•f•r•nc¢ and administralive details of the Charity, Its Truste•s and advisers Trust••s' report Trust••s' r•sponslbllltl•s stat•ment Ind•p•nd•nl •xamln•r's r•port Statem•nt of ffinan¢l41 *clivilios 8alanc• sheel Not•s to the finanelal stat•m•nts 8-16
THE BESOM NETWORK REFERENCE AND ADMINISTRATniE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR ThE YEAR ENDED 31 MAY 2024 Trust• Mr A Hewat Mr S Winks Mrs J Winks Mrs J Brand Mrs A Emmins Mr R Habgood Mr M Emmins (appointed 14 August 20231 Charlty r•glst•r•d numb•r 1192800 Prfnolpal offl&• 3 Newhous• BUne$S Centre Old Crawley Road Horsham Wesl Sus98X RH124RU Aooountsnts Baldwln Scofield Account8ncy LLP Chartered Accounlanls 3 N&whouse Busine88 Centre Old Crawlay Road Horsham Wesl Sussex RH12 4RU Page 1
THE BE30M NETWORK TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 The Tnjstees present their annual report logeth&r with the finanaal statements of the The Besom Netsvork ft)r the year 1 Jurie 2023 to 31 May 2024. ObJectiv•s and a1vItIeS • Policles and objectiv•s The charity's objectives are the relief of those in need. by reason of 8ge, ill health, disability, financial or other social disadvantsge and the advancement of the Christian religion, in particular, but not exclusively, by facilitating, supporttng, equipping and resourcing the nelwork of Besoms, and any other charitable initiatives that further the fulfilment of th8 charity's objects, in the UK and overseas. The principle reason for the creation of The Besom Neiwork was to facilitato and continue the work originally started in 2014 by The Besom charity which supported and oncouraged individual Besoms across the UK to enable Chtistians to be a bridge betsveen people who wished lo give and those on the margins of society who needed items to Iwe in accommodation. In addition, The Besom also carried out projects in poorer parts of the Wotld. In 2019 the founder ofThe Besom decided to step down and so a new charity was needed. In setting objectwes and planning for activities, the Trustees have given due consideration to general guidance published by the Charty Commission relating lo public benefit, including the guidance 'Public benefft.. running a charity {PB21'. • Main a1VItIeS undertak•n to furth•r tho Charity's Purpos lor the publ1¢ b•nefft 2023r24 has been largety spent developing a new organisational slnjcture.. reallocating responsibilities and deciding where our immediate focus should be to future proof the charity, encourage the other Besom charities and provide effecb.ve support thereof. The vision to grow the network remains central to the Iruslees. To this end Communications Lead was recruited for 2023124, with the objective to raise the profile of the refreshed 'Vision and Mission" and spread our message more effectivety to a wider audience. In keeping with our core values no grant applirations or direct knndraising has taken place, we continue lo pray for what is needed. There are currendy 20 Besoms in England and it is anticipated that this will grow throughout 2023 and 2024. Achi•v•m•nts and pèrft4rnn¢e Main aehl•v•m•nts of the Charity Dèv•lopmont of ¢oll*boratlv• partn•rships The trustees have focused on developing relationships with people that share similar values in like minded organisations in order lo clearly communicate the Besom vision and mission. to deepen relab"onships and to establish t))Ilaborative approaches in delivering services to those less well off in society. Time has been spent neiwoTking at national church leadership COnferenS engaging wfth leaders rekindling old relationships and forging new ones. Focus on communicallon Developments in digital communications are beginning to bear fruit. The Besom social media presence in building, Besom Nelwort and individual Besom Instagram Facebook and Linkedln content and volume is growing. Brand rn¢ognltlon The rebranding effort is paying dividends the new logo is now established across the nelwork and is gaining in populartty with time givers and generally. Page 2
THE BESOM NETWORK TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Flnan¢l•l r•vl•w • Golng ¢ona•rn After making approprbate enqulries the Trustees have a reasonable expgtion that the Charity has adequate reSoUS to continue in operational existence for the foreseeable fvtsjre. For this reason, they continue to adopt the going concem basis in preparing the finanaal stalem8nls. Further delails regarding the adoptson of the going ¢oncem basis can be found in the acc%Junting wlici8S. • R•s•tv•s polloy 11 is the pollcy of the charity that unrestricted fijnds which have not bgen designated for a specific use should be maintained al a level equivalent to befvn three and six month's expendilure. The trustees C4Jn5ider that reserves al thls level will ensur& that. in the event of a significant drop in funding, they will b8 able to continue the charity's current aclivilies while consideration is given to ways in 84Jditonal bjnds m8y bg raised. This lev&1 of reseryes has teen maintsined throughout the year. 8truotur•i q•v•m•no• and m•nq•m•nt Constltullon The Besom N8ttvork is a registered chanty. number 11928W, and Is eonsbtuted under a chadtobl• ino)rywated organi58tion ICIOI cnnstitulion. M•thods of ppolntrn•nt or •l•olk¥n ol Trust••s The management of the Charty 1$ the responsIlity of the Trustees Y4ho are 818Ct&J and c(kopted under the terms of the CIO (Jnstilution. Organlsallonal StrU¢r• •nd d•cblon4nklng polloles Th8 truste89 are 811 drawn frorn axi8ting Bes0 and have many years of OXFth&nce In the runnlng and needs of those Besoms irb the UK. In January 2023 an addItn81 tnjstee ioin•d the chaflty Vth Ihe view of taking of thg Chalr, whth look pla¢e at tho b¢glnning of the 2023r24 Femd. M•mb•ts' Ilablllty The Members of the Charity are the trustses guarantso to o)nkn"bJte an amount not exceeding £1 to the assets of Ihe Charity in the event of winding up. Approved by order of the members ofthe board of Trustees on 24 Octotr 2024 and signed on their behalf by.. Mr R Habgood (Chair of TnJste8s} Page 3
THE BESOM NETWORK STATEMEMT OF TRUSTEES. RESPONSIBIUTIE8 FOR ThE YEAR ENDED 31 MAY 2024 The TTUStees are responsible for preparing the Trnste8s' report and the financtal statemgnts in accordanrE with applicable law and United Kingdom Accounting Standards (United lQ"ngdom Generally Apted A(Unting Practice). The law applicable to ch8rilies in England & Wales rwires the Trustees to prepare financial statements for each financial year which grve a true and fair ViV4V of the state of affairs o the Charity and of its incoming resou$ and plestIon of resOu¥S, IludIng its In and expendibjre. for that FefM)d. In preparing these financial staterTEnts. the Trustees are required to." select suitable acwunting policies and then them consistenty. observe the rrethods and prinCipS of the Charities SORP IFRS 102),. make judgments and a(Lounting eslirnates that are reasonable and prudent state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and expLgined in the finarrial staternents.. prepare the finanual statements on the wng nCn basis unless rt ts inappropriate to presumg that the Charrty will Cntinue in busines& The Tfustees are responsible for keeping adequate a(Lounting rerdS that are sufficient to show and explain the Charitys transactions and disclose wrth reasonable acraCY at any time the financral posilM)n of the Charity and enable them lo ensure that the financial statements comply with the Charits'es Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the proviOnS of the Tnjst dd. They ar8 also responsibl8 for safeguardir¢g the assets of the Charty and hence for taking reasonable steps for the preventK)n and detection of fraud and other irregularrlies. Approved by order of the members of the board 0fTn on 24 Octotr 2024 and signed on its behalf by: Mi R Habqood (Chair of Trustees) Page 4
THE BE80M NETWORK INDEPENDENT EXAMINER'8 REPORT FOR THE YEAR ENDED 31 MAY 2024 Independ•nt •Mmln•Vs r•port to th• Trust••s of Th• 8•som N•twork {Ih• Charlty.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2024. R•sponslblllll•s and basls ol r•port As the Trustees of the Charity you are responsible for the preparation of the accounts in acojrdance with the requiiem8nts of the Chanties Act 20111'lhe 2011 ACVI. I r8POrt in respect of my ex8mlnalion of the Charity's accounts carried out under section 145 of the 2011 Act and In carrying out my examination I have followed th& applicable Directions given by the Charity Commission under Section 14515llb) of th9 2011 Act. Ind•p•nd•nt •x•mln•rfs stat•m•nl Your attention is drawn lo the fact that the Charlty has prepared the £CUnt$ in accordan¢e with ACUntIng and Reporting by Charities.. Stal8m8fbl of Recommended Pracllce applicable to charib'85 preparing Ihelr acwunts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ir8land IFRS 1021 in preference lo the Accounting and ReFX)rting by Ch8rilles'. Statement of Recommended Practice issued on 1 April 2005 which 1$ referred lo In the exlanl tegulalions bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true and falr view in aco)rdanc8 with the Ggnerally Accepted Acwunting Practice effective for reportlng periods beginning on or after 1 January 2015. I have completed my examlnatlon. I conlimi that no matters have come to my attention In connecllon th the examlnallon glving m8 ¢au8e lo believe that in any material ro$pect'. acLountno records were not k&pl In respect of the Charlty as requlred by section 130 of the 2011 Act., or the accounts do not ac¢ord with those records,. or the accounts do not wmply with th8 applicable requiremgnls con¢$ming the form and ¢onl8nl of accounts sel out In the Charltles (Accounts and Reports) Regulatons 2008 other than any requirement that tha atLounts give a 'lTue and fairf view which is not a matter considered as part of an Independent èxamination. I have no conc6m9 and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order lo enabla a proper understanding of the accounts to be roached. This report 18 made solely to the Charity's Trustees. as a body, In accordance with Part 4 of the Charities (Accounls and R8POrtsl Regulations 2008. My work has been undertaken so Ihal I might stale lo the Charitys Trustees those matters l am required to state to them in an Independent examingrfs report and for no othar purpose. To the fullest extent pemiitted by law. I do not accept or assum8 responsibility lo anyone other than the Charity and the Charity's Tru51ees as a body, for my work or for this report. Signed.. Dated.. 24 October 2024 Nicholas M Baldwin BA)EnI FCA DChA Baldwln Scofl•ld Aoeountan¢y LLP Chartered Accountants Page 5
THE BESOM NEfwoRK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024 R•stri¢t•d Unr•strl¢t•d funds funds 2024 2024 Totsl funds 2024 Total funds 2023 Nolo In¢ome fr•m: Donations and legacies 3,399 38,399 29,816 Total income 35,000 3,399 38,399 29,816 Exp•ndltur• on: Charitable activities 22,161 3,690 26,751 31,426 Total •xpenditur• 22.161 3.590 25,751 31,426 Net mov•ment in funds 12.839 {1911 12,648 (1.610) R•¢on¢illatlon of funds: Total fvnds brought fOard Net movement in funds {6,668) {191) (5.668) 12,648 (4,058) (1,610) 12.839 Total funds earrf¢d foThMrd 12,839 {8.869) 6,980 (5,668) The Slatgment of financial activitigs indude9 all gains and losses recognised in the year. The notes on pages 8 to 16 fonn part of these financial statements. Page 6
THE BESOM NETWORK BALANCE SHEET AS AT 31 MAY 2024 2024 2023 Note Flx•d ass•ts Tangible ass8ts Current ass•ts Cash at bank and in hand 16,486 3,232 16,486 3,232 Creditors= amounts falling due within one year 10 (954) (900) Net ¢urr•nt ass•ts 14,631 2,332 Total ass•ts1•ss curr•nt Il#biliti•s Creditors". amounts falling due after more than one year 14,980 2,332 11 18,0001 (8.000) Totsl D¢t ass•ts 6,980 (5,668) Charlty funds R&slricted funds Unrestricted funds 13 13 12,839 15,859) (5,668) Total fvnds 6,980 (5,668) The financial statements were approved and authorised for issue by the Trustees on 24 October 2024 and signed on their behatf by.. Mr R Habgood {Chair of Tnjsleesl The notes on pages 8 to 16 fonn part of these financial statemgnls. Page 7
THE BESOM NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 G•n•ral informali4)n The Besom Netsvork is a charitable incorporated organisats'on ICIO} registered and regulated by the Charity Commission in England and Wal8s. AOUntIng poli¢les 2.1 B•sis of preparatlon of flnanelal stal•m•nts The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charib"es" Statement of Recommended Practice applicable to charrties preparing their accounts in accordan with the Finanaal Reportsng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191, the Financial Reporting Slandafd applicab in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The financial ststemnts have been prepared to give a 'true and fairf view and have d&parted from the Charities {Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'trug and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Chartb"es'. Statem&nl of Rocommended Practice effeclive from 1 April 2005 which has since been withdrawn. The Besom NehvoTk meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction value unless otherwise stated in the relevant acLounts'ng policy. 2.2 Incom• All income is recognised the Charity hag entiuement to the income, it is probable that the income will be received and th8 amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the tirne of the donation. 2.3 Exp•ndfture Expendilure is recognised once there is a legal or constructive obligation to transfer ecor70rnic benefit lo a third paty, rt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendsture is classified by activrty. The costs of each activity are made up of the lotsl of direct costs and shared costs, including support costs involv1 in undertaking each activty. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activty and support costs which are not attribulable to a single activity are apporb'oned betsveen those activities on a basis c£Jnsistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the porbon of the assefs use. Expenditure on charitable adivilies is incuThed on direcuy undertaking the activities which further the Charitys objectives, as well as any associated support costs. All expenditure is inclusive of itrecoverable VAT. Page 8
THE BESOM NETWORK NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 MAY 2024 A¢¢•unting poli¢i•s (continu•d 2A Tangibl• fix•d ass•ts and d•pr•¢iatlon Tangibl8 fLxed costing £NIL or m(ffe av8 capitalised and reccgnised when future economlc beneffts are probable ond the cosl or value of the asset can be measured relkgbly. Tangible fixed assets are initially recogniwj at cost. After recognition, under the cost mcrfjel, tangible fixed assets are measured at cost less accumulated depreoation and any accumulated impainnent losses. All costs incurred to bn'ng o tangib fixed asset into its intended working condFtion should Induded in the waSurerrnt of cosL Depreciation is charged so as to alkKate the cost of tsngible fixed assets less thelr rewdu81 value over Ihelr estimabj usefvl lives, using the straight4ine rnth¢J. Dopreclatjon Is provk1 on tho folhymng basls.. Computer 8qulpnnt 25% 2.6 Cash #t bank and In hand Cash at bank and in hand includes cash and short-lemi highty liquld investments wllh a short maturity of Ihrts months or less from the date of acquisilton or opening of the deposit or similar aCUnt. 2.6 U•bllld•s and provlslons Liabilities ara recognised when there is an 0atron al the Balanc8 sheet date as a result of a pa$t ev8nL il is probable that a Iransfer of noMiC benefit will be required in sgWem•nL and the amount of the setuement can be estsmated telwbty. LiabillS are rec£onis&S at the amount that tt)e Charity anticipates it wll pay to sèluè the debt or the amount it has received as ao%tancd payments for tt18 goods or it must provida. Provisions are m8asured at Ihe best estimate of the a)Unts required io sèttb thè obllgatlon. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-lax discount ralg that reflects the risks spacific io tha liability. The unwinding of the discount is recognised in the Statement of finanual actmties as a finance eost. 2.7 Flnan¢lal Instrum•nts The Charity onty has finanrial assets and finan¢i81 liabilities of 8 klnd that qUalY as basic financlal instruments. Basic financtal instnjmgnts are inits'alty rewgnised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorbsed cost using the effective interest nKKI. 2.8 P•nslons The Charty operates a defined Contn"bUt pension scheme and the penslon charge represents the amounts payable by the Charsty to the furKI in resFct of the year. Page 9
THE BESOM NETWORK NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MAY 2024 A¢¢ounting polici•s {oontlnu•d} 2.9 Fund acmunting 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 b8en designated for other purposes. Restricted funds are fvnds which are to be used in accordance with specifK restrictions imposed by donors or which have been rdised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. In¢om• from donations and l•gaol8s R•strleted Unr•stri¢t•d funds tunds 2024 2024 T4>tal nds 2024 Donations 35,000 3.399 38.399 Unrestricted funds 2023 Total funds 2023 Donations 29.816 29,816 Analysis of •xp•ndilur• on ¢haTltabl• actlvlties Summary by fund typ• R•strlct•d Unr•strl¢t•d funds funds 2024 2024 T¥)tal 2024 Direct costs of charitable acttvities 22.161 3,590 25,751 Restricted UnstriCted funds fvrpds 2023 2023 Total 2023 Direct costs of charitable activities 28,602 2,824 31,426 Page 10
THE BESOM NEnllORK NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Analysis of exp•ndltur• by a¢tlviti¢s Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Direct costs of charitable activities 24,851 900 25,751 Actiwties undertakgn dirgctly 2023 Support C(t 2023 Total funds 2023 Direet costs of charitable adNities 30,526 900 31,426 Analysis of dire¢t ¢osts Tot41 funds 2024 Tot81 funds 2023 Staff costs Depreciation Travel & other associated expenses Motor expenses TelapFtone and broadband Office, IT and consumables Web, hosting and dornains Training and conferences Payroll, accounting and reg. office Sundry expenses Professional fees 13,313 90 27,847 579 654 161 147 496 1,253 1,161 218 647 7,696 720 91 292 35 24.851 30,526 Page11
THE BESOM NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Anatysis of •xynditur• by activitl•s {oontinued) Analysis of support costs Totsl funds 2024 Total fvnds 2023 Govemance costs 900 900 Ind•p•nd•nt •x•mln•fs remuneratlon 2024 2023 Fees payable to the Charitls independent examiner for the independent examination of the Charitys annual accounts 900 Staff eosts 2024 2023 Wages and salaries Contribution to defined contribution pension schemes 12,926 388 26, 775 1,072 13,313 27,847 The average number of persons employed by the Charity during the year was as follows.. 2024 2023 Commslmedia lead No employee received remuneration amounting to more than £60.000 in either year. Trust••s' rnmun•ratlon stnd exp•nse5 During the year. no Trustees received any remuneration or other beneffts f2023- £NIL). During the year ended 31 May 2024, no Trustee expenses have been incurred (2023- £NIL). Page 12
THE BESOM NETWORK NOTE8 TO THE FINANCIAL 8TATEMENT8 FOR ThE YEAR ENDED 31 MAY 2024 Tanglbl• flx•d ass•ts Computer •qulpm•nt Cost or vluatlon Addrtions 639 At 31 May 2024 639 D•pr•clatlgn Charge for the year At 31 May 2024 90 N•t book valu• At 31 May 2024 At31 May 2023 10. Cr•dltors: Am•unts falllng du• wlthln on• y•ar 2024 2023 Other taxation and social sec#Jrity Accruals and deferred inc#)me 954 11. Cr•dltots: Amounts l•lllng du• aft•r mor• thn one y•ar 2024 2023 Other loans 8,000 8,000 The long t8m108ns are agreed as per the gned tetrrts and conditions of the loan d(uments held by the Charity. The long tem loans bear llo interest and are to be repaid at the dtscretion of the trustees as fvnds are availabte without ieopardising the financial position of the chanty. Page 13
THE BESOM NEfwoRK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 12. Finan¢lal Instrum•nts 2024 2023 Financial ssets Firtancial ass9ts measured at fair value through income and expenditure 16,485 3,232 Financial assets measured at fair value through Income and expenditure comprise bank balans. 13. 8tat•ment of funds statsment ot funds - ¢urr•nt y•ar Balan¢• at I Jun• 2023 Balanc• at In¢om• Exp•nditure 31 May 2024 Unrestri¢t•d funds General fund 15.668) 3,399 13,590 {8,859) R•strl¢t•d funds Media fund 35,000 (22.161) 12,839 Tot21 of funds 15,6681 38,39? 125,751 6,980 Stat•ment of funds - prior y•r B818nce 8t l June 2022 Balance 8t Inwme Expenditura 31 May 2023 Unr•strlotsd funds General fund (4,058) 29,816 (31,426) (5,668) 14. Summary of funds Page 14
THE BESOM NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 14. Summary of funds l¢onlinu•d 8ummary of funds- ¢urr•nt y•ar Balanc• at 1 Jun• 2023 Bal*n It Income Expenditur• 31 May 2024 General funds Restricted funds (6,668 3.399 35,000 {3,690) (22.161) 15,8591 12,839 {8.668) 38,399 126,761) 6,980 Summary of funds - prlor y•ar Balance al l June 2022 Balance at Income Expenditure 31 May 2023 General funds (4,058) 29,816 (31,426) (5,668) 16. Analysls of net assets between funds Analysi5 of net assets betwe•n fvnds- ourront pfrriod Restricted Unr•strlct•d lunds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Cred£tors due within one year Creditors due in more than one year 449 449 12,839 2.646 {9541 18,000} 15,486 {954) (8,000) Total 12,839 {5,8591 6,980 Analysls of n•t ass•ts b•lw•¢n funds- prior p•riod Unrestricted funds 2023 Tot81 funds 2023 Current assets 3,232 (900J {8,(X)OJ 3,232 (900) (8,000) credito due wrthin one year Creditors due in more than one year Total {5,668) {5,668J Page 15
THE BESOM NETWORK NOTE8 TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MAY 2024 16. P•nston eommitments The charity operates a defined contribution [sion scheme. The assets of the schemg are held separately from those of the charity in an independently administered fund. The pension cost charga represents contributions payable by the charity to the fund and amounted to £38812023- £1,072). Page 16