REGISTERED COMPANY NUMBER: 12397926 (England and Wales) REGISTERED CHARITY NUMBER: 1194504
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2024
for
Best - Be A Better You
PPS Chartered Accountants
29 Devizes Road Swindon Wiltshire SN1 4BG
Best - Be A Better You
Contents of the Financial Statements for the Year Ended 31 January 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
Best - Be A Better You
Report of the Trustees for the Year Ended 31 January 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 31 January 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are:
To act as a resource for young people from the ages of 11 to 25 living in Swindon and the surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
a) Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
b) Advancing education;
c) Relieving unemployment; and
d) Providing recreational, sport and leisure activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
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Best - Be A Better You
Report of the Trustees for the Year Ended 31 January 2024
OBJECTIVES AND ACTIVITIES
Significant activities
During this year BEST has continued to grow and developed into a lead Alternative Provision in Swindon. Due to the continual growth of our services, BEST employed more members of staff.
We currently have 7 full time staff, 3 part-time staff and a trainee sports coach. BEST currently have 3 volunteer coach/mentors working with them. The volunteers are very diverse and some with lived experiences which helps engage the young people.
We have built up the amount of enrichment sessions we deliver weekly and currently work with many of the primary and secondary schools and alternative education providers in Swindon.
BEST has started to work outside of Swindon in Wiltshire. We are providing on site alternative provision in some secondary schools in Swindon and Wiltshire. This intervention is helping the schools reduce permanent exclusions and reducing the number of students having to be moved off school site due to mental health and behaviour issues.
BEST now provides a small number of tutoring sessions for some students who are school refusers or unable to attend school for various reasons, bespoke targeted group work and now provides a weekly Sports Based Youth Club to reduce the risk of children being exploited in the community.
The youth club runs weekly and between 30 and 40 children access this provision weekly.
BEST has continued to build its reputation as a professional team which This has been reflected in the number of referrals we have been receiving.
The Charity delivered funded holiday activities around areas of deprivation in Swindon and recently supported the delivery of Swindon HAF (Holiday activities and food). This was a very successful program which saw us provide holiday activities and a hot meal for 240 children who would normally receive free hot meals at school. BEST is now working with around 220 young people per week on the 1 to 1 programs and school enrichment sessions.
We have been contracted by Swindon Borough Council to provide mentoring programs Swindon to work with young people at risk of violence outside the home.
We, so far have provided 24 x 12 week mentoring programs for the identified children. This forms part of a nationwide pilot program funded by the Youth Endowment Fund.
We were again selected by the new Mayor of Swindon as one of his charities of the year and are also finalists of this years MTM awards, an award which BEST won 2 years ago.
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
Volunteers
BEST have a team of three skilled volunteers who support paid staff in the delivery of our programs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its articles of association, and constitutes a limited company limited by guarantee, as defined by Companies Act 2006.
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Best - Be A Better You
Report of the Trustees for the Year Ended 31 January 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
BEST - Be a Better You advertise on our social media pages for trustees. If a person shows an interest, we invite them to talk with us and provide them with a document outlining the roles and responsibilities of a trustee which is in line with the essential trustee guidance on the Gov.uk website.
The interested person is then invited to a management committee meeting where they are provided with a Trustee Pack and have the chance to meet with the committee. The pack includes the role and responsibility of a trustee, a trustee agreement and declaration form. This includes a code of conduct and declaration of interests form to be signed. This is in line with the process outlined in Best - Be a Better You articles of association/constitution.
We have a board of 6 skilled trustees all of which are listed on the Charities Commission Website.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 12397926 (England and Wales)
Registered Charity number
1194504
Registered office
Unit 20 Athena Avenue Elgin Industrial Estate Swindon Wiltshire SN2 8EJ
Trustees
D Bryden Managing Director K Deering Lecturer MS S Hiscock Trustee MS R Ordette Trustee Ms A Stacey Trustee (appointed 1.6.23) Mrs S Bryden Trustee (appointed 1.6.23)
Independent Examiner
Paul Papworth-Smith FCA PPS Chartered Accountants 29 Devizes Road Swindon Wiltshire SN1 4BG
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ D Bryden - Trustee
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Independent Examiner's Report to the Trustees of Best - Be A Better You
Independent examiner's report to the trustees of Best - Be A Better You ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Papworth-Smith FCA The Institute of Chartered Accountants in England and Wales
PPS Chartered Accountants 29 Devizes Road Swindon Wiltshire SN1 4BG
Date: .............................................
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Best - Be A Better You
Statement of Financial Activities for the Year Ended 31 January 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 155,714 - Charitable activities Boxing sessions and other activities - - Developing young peoples skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals 313,780 - Total 469,494 - EXPENDITURE ON Charitable activities Boxing sessions and other activities 24,345 - Developing young peoples skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals 492,244 - Total 516,589 - NET INCOME/(EXPENDITURE) (47,095) - RECONCILIATION OF FUNDS Total funds brought forward 28,414 - TOTAL FUNDS CARRIED FORWARD (18,681) - |
31.1.24 Total funds £ 155,714 - 313,780 469,494 24,345 492,244 516,589 (47,095) 28,414 (18,681) |
31.1.23 Total funds £ 215,838 168,071 7,640 391,549 8,521 362,503 371,024 20,525 7,889 28,414 |
|---|---|---|
The notes form part of these financial statements
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Best - Be A Better You
Balance Sheet
31 January 2024
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Intangible assets 6 27,000 - Tangible assets 7 21,520 - 48,520 - CURRENT ASSETS Debtors 8 43,740 - Cash at bank 2,080 - 45,820 - CREDITORS Amounts falling due within one year 9 (86,751) - NET CURRENT ASSETS (40,931) - TOTAL ASSETS LESS CURRENT LIABILITIES 7,589 - CREDITORS Amounts falling due after more than one year 10 (26,270) - NET ASSETS (18,681) - FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.1.24 Total funds £ 27,000 21,520 48,520 43,740 2,080 45,820 (86,751) (40,931) 7,589 (26,270) (18,681) (18,681) (18,681) |
31.1.23 Total funds £ 40,500 35,884 76,384 29,271 4,656 33,927 (56,336) (22,409) 53,975 (25,561) 28,414 28,414 28,414 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Best - Be A Better You
Balance Sheet - continued
31 January 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D Bryden - Trustee
The notes form part of these financial statements
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Best - Be A Better You
Notes to the Financial Statements for the Year Ended 31 January 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Computer software
Amortisation is provided over 4 years in order to write off the computer software asset over its estimated useful life.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Motor vehicles - 20% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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Best - Be A Better You
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.1.24 | 31.1.23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 14,364 | 14,275 |
| Other operating leases | 86,922 | 47,861 |
| Computer software amortisation | 13,500 | 13,500 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31.1.24 Mentors 5 Operation manager 1 6 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 215,838 - Charitable activities Boxing sessions and other activities 168,071 - Developing young peoples skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals 7,640 - Total 391,549 - EXPENDITURE ON Charitable activities Boxing sessions and other activities 8,521 - Developing young peoples skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals 362,503 - |
31.1.23 2 1 3 Total funds £ 215,838 168,071 7,640 391,549 8,521 362,503 |
|---|---|
continued...
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Best - Be A Better You
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 5. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| fund | fund | funds | |||||||
| £ | £ | £ | |||||||
| Total | 371,024 | - | 371,024 | ||||||
| NET INCOME | 20,525 | - | 20,525 | ||||||
| RECONCILIATION OF FUNDS | |||||||||
| Total funds brought forward | 7,889 | - | 7,889 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 28,414 | - | 28,414 | ||||||
| 6. | INTANGIBLE FIXED ASSETS | ||||||||
| COST | Computer software £ |
||||||||
| At 1 February 2023 and 31 January 2024 | 54,000 | ||||||||
| AMORTISATION | |||||||||
| At 1 February 2023 | 13,500 | ||||||||
| Charge for year | 13,500 | ||||||||
| At 31 January 2024 | 27,000 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31 January 2024 | 27,000 | ||||||||
| At 31 January 2023 | 40,500 | ||||||||
| 7. | TANGIBLE FIXED ASSETS | ||||||||
| COST | Plant and machinery £ |
Motor Computer vehicles equipment £ £ |
Totals £ |
||||||
| At 1 February 2023 and 31 January 2024 | 25,180 | 7,200 | 32,100 | 64,480 | |||||
| DEPRECIATION | |||||||||
| At 1 February 2023 | 12,603 | 4,755 | 11,238 | 28,596 | |||||
| Charge for year | 6,276 | 1,800 | 6,288 | 14,364 | |||||
| At 31 January 2024 | 18,879 | 6,555 | 17,526 | 42,960 | |||||
| NET BOOK VALUE | |||||||||
| At 31 January 2024 | 6,301 | 645 | 14,574 | 21,520 | |||||
| At 31 January 2023 | 12,577 | 2,445 | 20,862 | 35,884 | |||||
continued...
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Best - Be A Better You
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.1.24 £ Trade debtors 13,216 Other debtors 28,655 VAT - Prepayments and accrued income 1,869 43,740 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 £ Bank loans and overdrafts (see note 11) 5,016 Trade creditors 31,693 Social security and other taxes 30,478 VAT 12,147 Accrued expenses 7,417 86,751 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.1.24 £ Bank loans (see note 11) 26,270 11. LOANS An analysis of the maturity of loans is given below: 31.1.24 £ Amounts falling due within one year on demand: Bank loans 5,016 Amounts falling between one and two years: Bank loans - 1-2 years 5,016 Amounts falling due between two and five years: Bank loans - 2-5 years 21,254 |
31.1.23 £ 19,003 - 9,880 388 29,271 31.1.23 £ 6,530 26,207 20,074 - 3,525 56,336 31.1.23 £ 25,561 31.1.23 £ 6,530 6,830 18,731 |
|---|---|
continued...
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Best - Be A Better You
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
12. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 1.2.23 | in funds | At 31.1.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 28,414 | (47,095) | (18,681) | |
| TOTAL FUNDS | 28,414 | (47,095) | (18,681) | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 469,494 | (516,589) | (47,095) | |
| TOTAL FUNDS | 469,494 | (516,589) | (47,095) | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | At 1.2.22 £ |
Net movement in funds £ |
At 31.1.23 £ |
|
| General fund | 7,889 | 20,525 | 28,414 | |
| TOTAL FUNDS | 7,889 | 20,525 | 28,414 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 391,549 | (371,024) | 20,525 | |
| TOTAL FUNDS | 391,549 | (371,024) | 20,525 |
continued...
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Best - Be A Better You
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 1.2.22 | in funds | At 31.1.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 7,889 | (26,570) | (18,681) | |
| TOTAL FUNDS | 7,889 | (26,570) | (18,681) | |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above | ||||
| as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 861,043 | (887,613) | (26,570) | |
| TOTAL FUNDS | 861,043 | (887,613) | (26,570) |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
13. RELATED PARTY DISCLOSURES
Companies controlled by D Bryden donated £207,531 to the charity during the year.
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Best - Be A Better You
Detailed Statement of Financial Activities for the Year Ended 31 January 2024
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Charitable activities Grants Boxing Sessions Total incoming resources EXPENDITURE Charitable activities Wages Social security Other operating leases Insurance Light and heat Telephone Postage and stationery Advertising Sundries Computers, phones and security Motor expenses Computer software amortisation Plant & machinery depreciation Motor vehicles depreciation Computer depreciation Bank loan interest Support costs Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
31.1.24 £ (1) 155,715 155,714 - 313,780 313,780 469,494 191,129 13,740 86,922 5,367 1,957 610 423 47,983 58,561 51,827 14,850 13,500 6,276 1,800 6,288 1,180 502,413 14,176 516,589 (47,095) |
31.1.23 £ - 215,838 215,838 7,640 168,071 175,711 391,549 88,635 4,077 47,861 8,171 1,619 - 116 67,968 49,206 66,434 4,700 13,500 6,187 1,800 6,288 353 366,915 4,109 371,024 20,525 |
|---|---|---|
This page does not form part of the statutory financial statements
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