Red Balloons
Report of the Trustees and Unaudited Financial Statements for the Year Ended 13/05/2024.
Registered Number:
1194467
A E Scott & Co Limited Accountant
Contents of the Financial Statements for the Year Ended 13/05/2024.
| Page | |
|---|---|
| Report of the Trustees | 3 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10-12 |
Report of the Trustees for the Year Ended 13/05/2024.
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 13/05/2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectivites and Activities
Principle Objectives, Activities and Achievements for the public benefit
Objectives
The purposes of the charity are specifically focused on the following:
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to promote and protect the physical and mental health of the public by raising public awareness through education and training in all areas relating to mental health.
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to provide activities to protect and preserve good mental and physical health.
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to reduce the stigma and myths surrounding mental health.
Public Benefit
The trustees confirm that they have complied with their duties under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. The trustees refer to the Charity's aims and objectives in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The charity is committed to working together with service users, the local community, organisations, and health professionals, to offer an inclusive and safe space for people to learn to manage their physical and mental health, with a network of support behind them.
The charity is dedicated to helping build a happier and healthier environment, where mental health can be discussed as openly and as confidently as physical health.
Achievement and Performance
Charitable Activites
Activities
Walk and Talk – Walks are now available seven days a week and we have a team of 30 Volunteers. Actual attendees at walk and talks stands at 1800 for Year 1.
Red Balloons Ramblers – Funding secured by National Lottery Awards For All. Schedule includes hikes, fitness and mobility sessions, Mountain and Navigation Skills and Mountain First Aid. Residential in Swaledale arranged for September 2024. Small budget allows for equipment and transport. Aim is to create a self-sustainable hiking peer support group of this cohort, with a new cohort in 2025.
Lived Experience Forums – Currently active: Hartlepool and Stockton. Meeting held this week about potential to launch in Darlington. This has been a catalyst in raising Red Balloons profile across Tees Valley. Aim is to develop a Forum in Darlington, and interest has been shown by Roseberry Park to offer a Forum for carers of patients within Ridgeway.
Peer Support Network – Officially launched in November 2023. A Development Worker was employed on this project. A steering group has been created and there is potential for partnership funding bids, development and further funding.
Funding has been applied for to improve office space and expand into four rooms on the first floor of the current building. Plan is for two staff offices, a hot desk room and a community “drop in” space. Priorities for 2024 are to secure core funding and increase fundraising
Red Balloons service users have voted that they would like to be known as Community Members going forward.
Social media engagement increased, which brought awareness of and education on mental health to a wider public audience and challenged the myths surrounding mental health. The charity also offered a messaging service on social media to assist the more vulnerable members with issues regarding their mental health or signpost them to the relevant service.
Fundraising activities within community venues and supermarkets continued.
Volunteers play a crucial role within the charity, and they are integral to the effective delivery of the services and its success. The charity is proud of the fact that all of the people who volunteer their time to our charity are people with lived experience of mental health issues.
In order to offer this growing number of services a recruitment drive for volunteers took place and a training programme was introduced that all volunteers had to undertake in order to deliver the appropriate services and wellbeing sessions.
Financial Review
Reserves Policy
The Trustees of the charity periodically review the level of reserves and are focused on continuing to build reserves to ensure the sustainability of the charity. The review considers income and expenditure streams. The trustee’s objective is for the charity to have reserves that equal at least 3 months expenditure.
The Statement of Financial Activities shows a total income for the year of £190,516. Income from grants totaled £146,949
Income from donations amounted to £5,935 and from charitable activities amounted to £37,531, interest amounted to £101.
The Trustees, staff, and volunteers are grateful to all the individuals and businesses that have made donations to the work of the charity over the year.
The balance as at 13th May 2024 was £108,809, of which £5,775 was unrestricted funds with the remainder being restricted funds.
Future Plans
The charity’s future plans include continuing to promote the Walk and Talk groups in the various Locations, and continue with the Ramblers Group for those ready to take the next step in their mental wellbeing that provides more of a challenge. They plan to rent more space including a room that will be used for Community Members as a social space, where drop-in support will be available. Future fundraising activities include members and service users of the charity to have the option to do the Yorkshire Three Peaks Challenge, local supermarket fundraising activities and social media content on mental health information and assistance will continue to be promoted. Members and services users may create their own challenge, or use a place in an organised event, such as The Great North Run, with support from Red Balloons up to and during the activity.
Volunteers and staff are key to the success of the charity and hence the charity will continue to recruit suitable candidates to assist in the delivery of the services.
Structure, Governance and Management
Governing Document
Red Balloons is a registered Charitable Incorporated Organisation (CIO), number 1194467 incorporated on 14 May 2021 and is controlled by its governing document.
New trustees are appointed by the existing trustees. On appointment new trustees sign a model trustee declaration statement committing them to give their time and expertise. All trustees give their time freely and no trustee remuneration was paid in the year.
At the quarterly trustees’ meetings, the trustees agree the broad strategy and areas of activity for the Trust, including consideration of grant making, investment, reserves and risk management policies and performance. The day-to-day administration of grants and the processing and handling of applications is delegated to the Manager and the Administrator.
Statement of Trustees Responsbilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently. Observe the methods and principles of the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK accounting standards have been followed, subject to any departures disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reference and Administrative Details
Registered Charity Number
1194467
Registered Office Address
Enterprise House, 6 – 8 Yarm Road, Stockton-on-Tees, TS18 3NA
Trustees
Claire Daff Philip Andrew Richards Jason Hamon Emma McDonald
Independent Examiner
A E Scott & Co Limited, 2 Varsity House, Falcon Court, TS18 3TS.
This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 30/08/2024 and signed on its behalf by:
Claire Daff
Trustee
Independent Examiners' Report to the Trustees of Red Balloons.
Independent Examiner's report to the trustees of Red Balloons ('the company').
I report to the charity trustees on my examination of the accounts of the Company for the year ended 13/05/2024.
Responsibilites and Basis of Report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ben Phillips MAAT
A E Scott & Co Limited Varsity House, 2 Falcon Court Stockton on Tees TS18 3TS
Date
30/08/2024
Statement of Financial Activites for the Year Ended 13/05/2024.
| Notes 3 3 4 Total funds brought forward Total funds carried forward Total Expenditure Charitable Activities Net Income/Expenditure Reconciliation of Funds Income Donations & Legacies Grants Charitable Activities Interest |
Unrestricted Restricted 13/05/2024 13/05/2023 Funds Funds Total Funds Total Funds £ £ 5,935 0 5,935 12,536 2,005 144,944 146,949 45,228 22,656 14,875 37,531 4,476 101 0 101 0 |
|---|---|
| 30,697 159,819 190,516 62,240 |
|
| 31,744 79,503 111,247 49,919 |
|
| (1,047) 80,316 79,269 12,321 6,822 22,718 29,540 17,219 |
|
| 5,775 103,034 108,809 29,540 |
Balance Sheet
| Notes Restricted Funds Unrestricted Funds Total Funds Net Current Assets Net Assets Funds Current Assets Cash at bank and in hand |
Unrestricted Restricted Funds Funds 5,775 103,034 13/05/2024 |
13/05/2024 13/05/2023 Total Funds Total Funds £ £ 108,809 29,540 |
|
|---|---|---|---|
| 5,775 103,034 |
108,809 29,540 |
||
| 5,775 103,034 |
108,809 29,540 |
||
| 5,775 103,034 |
108,809 29,540 |
||
| 103,034 6,822 5,775 22,718 |
|||
| 108,809 29,540 |
These financial statements were approved by the Board of Trustees and authorised for issue on 29/08/2024 and were signed on its behalf by:
Claire Daff Trustee
for the Year Ended 13/05/2024.
Notes to the Financial Statements
1. General Information
Red Balloons is a public benefit entity, and a registered charity in England and Wales and is unincorporated. The registered office address can be found in the Trustees' Report.
The financial statements are presented in sterling which is the functional currency of the charitable company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2. Accounting Policies
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 of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Income
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Items of income are recognised and included in the accounts when all the following criteria are met: - The charity have entitlement to the funds.
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Any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity.
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There is sufficient certainty that receipt of the income is considered probable; and
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The amount can be measured reliably.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. There is no netting off within the accounts.
Expenditure
Liabilities are recognised as soon as there is. a legal or constructive obligation committing the company to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It includes attributable VAT which cannot be recovered.
Charitable expenditure comprises those costs incurred by the company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by usage.
Governance costs include those incurred in the governance of the charity which are associated with the constitutional and statutory requirements.
Taxation
The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Fund Accounting
Unrestricted income funds are general funds which are available for use at the trustees' discretion in furtherance of the objectives of the company.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Cash at bank
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
3. Donations and Legacies
| Other Pension Costs 5. Trustees' Remuneration & Benefits Remuneration Benefits Expenses 6. Staff Costs Wages & Salaries Marketing and Publicity Staff Costs Direct Delivery Costs Volunteer Expenses Catalyst Funding MVDA Funding Teesside University Middlesbrough Council Ramblers 4. Charitable Activities Costs Administration NHS Groundwork UK Coop Sundry Donations Grants Grants received, included in the above are as follows: Lottery Funding |
13/05/2024 13/05/2023 5,935 12,536 146,949 45,228 |
|---|---|
| 152,884 57,764 |
|
| 13/05/2024 13/05/2023 30,085 15,043 - 10,000 - 5,000 - 4,810 - 1,500 - 8,875 114,859 - 1,630 - 375 - |
|
| 146,949 45,228 |
|
| 3,287 920 72,832 37,696 19,679 3,000 4,478 4,454 10,971 3,849 |
|
| 111,247 49,919 |
|
| 13/05/2024 0 0 0 13/05/2024 13/05/2023 70,493 36,816 2,339 880 |
|
| 72,832 37,696 |
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
The total amount of employee remuneration benefits received by key management personnel was:
| 13/05/2024 | 13/05/2023 |
|---|---|
| 5 | 4 |
| 13/05/2024 | 13/05/2023 |
| 0 | 0 |
7. Related Party Disclosures
There were no related party transactions for the year ended 13/05/2024.
8. Control Relationships
The charity is under the control of the board of trustees as noted above.
Certificate of Completion
1) Accounts - Red Balloons Charity to 13.5.24 ID: fcb80974-c7ca-4238-8cd8-cc178a64ffa2 BP 3.9.24.pdf
SIGN REQUEST ISSUED: REQUESTED BY: Sep 4, 2024 Emily Phillips 07:35 AM UTC mail@aescott.co.uk
STATUS: Completed
on 04 Sep, 2024, 08:19 AM UTC
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