2024-07-01-accounts - The B.i.g. Foundation

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REGISTERED CHARITY NUMBER: 1195244

Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 1 July 2024

`for`

THE B.I.G FOUNDATION

Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

THE B.I.G FOUNDATION

`Contents of the Financial Statements for the year ended 1 July 2024`

	`Page`	`Page`	`Page`
`Report of the Trustees`		`1`
`Statement of Financial Activities`		`2`
`Balance Sheet`		`3`
`Notes to the Financial Statements`	`4`	`to`	`6`
`Detailed Statement of Financial Activities`		`7`

`THE B.I.G FOUNDATION`

`Report of the Trustees for the year ended 1 July 2024`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
1July2024.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheCIOisestablishedtoadvancetheeducationforthepublicbenefitbymakinggrantstoUKcitizens in
anypartoftheworldundertheageof25toassistwiththeirmoral,culturalandphysical development
and education, in particular but not limited to the development of environmental education and science.

`FINANCIAL REVIEW`

`Financial position`

Thecharityreceiveddonationsofnilintheperiodto1stJuly2024andnograntsweremadefrom these
funds.

the charity made a surplus of £nil for 2024 (2023 £1,000).

At the 1st July 2024 there is £1,010 of funds held in the bank account.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

`Trustees`

G A R Cormack Trustee
Mrs S Solomondies Trustee
C J Perkins Trustee

Approved by order of the board of trustees on 3 October 2024 and signed on its behalf by:

C J Perkins - Trustee

Page 1

`THE B.I.G FOUNDATION`

`Statement of Financial Activities for the year ended 1 July 2024`

		`2024`		`2023`
		`Unrestricted`		`Total`
		`fund`		`funds`
	`Notes`	`£`		`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`			`-`	`1,000`
`NET INCOME`			`-`	`1,000`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`1,000`		`-`
`TOTAL FUNDS CARRIED FORWARD`		`1,000`		`1,000`

The notes form part of these financial statements

Page 2

`THE B.I.G FOUNDATION`

`Balance Sheet 1 July 2024`

`2024` `Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Cash at bank` `1,010` `CREDITORS` `Amounts falling due within one year` `4` `(10)` `NET CURRENT ASSETS` `1,000` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `1,000` `NET ASSETS` `1,000` `FUNDS` `5` `Unrestricted funds` `1,000` `TOTAL FUNDS` `1,000`	`2023` `Total` `funds` `£` `1,010` `(10)` `1,000` `1,000` `1,000` `1,000` `1,000`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
3 October 2024 and were signed on its behalf by:

C J Perkins - Trustee

The notes form part of these financial statements

Page 3

`THE B.I.G FOUNDATION`

`Notes to the Financial Statements for the year ended 1 July 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`2. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended1July2024norfor the
year ended 1 July 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended1July2024norfortheyear ended
1 July 2023.

`3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`1,000`
`NET INCOME`	`1,000`
`TOTAL FUNDS CARRIED FORWARD`	`1,000`

continued...

Page 4

`THE B.I.G FOUNDATION`

`Notes to the Financial Statements - continued for the year ended 1 July 2024`

`4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

				`2024`	`2023`
				`£`	`£`
	`Other creditors`			`10`	`10`
`5.`	`MOVEMENT IN FUNDS`
				`Net`
				`movement`	`At`
	`At`	`2.7.23`		`in funds`	`1.7.24`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`	`1,000`		`-`	`1,000`
	`TOTAL FUNDS`	`1,000`		`-`	`1,000`
	`Net movement in funds, included in the above are as follows:`
	`Incoming`			`Resources`	`Movement`
	`resources`			`expended`	`in funds`
		`£`		`£`	`£`
	`TOTAL FUNDS`		`-`	`-`	`-`
	`Comparatives for movement in funds`
				`Net`
				`movement`	`At`
	`At`	`2.7.22`		`in funds`	`1.7.23`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`		`-`	`1,000`	`1,000`
	`TOTAL FUNDS`		`-`	`1,000`	`1,000`
	`Comparative net movement in funds, included in the above are as`		`follows:`
	`Incoming`			`Resources`	`Movement`
	`resources`			`expended`	`in funds`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`	`1,000`		`-`	`1,000`
	`TOTAL FUNDS`	`1,000`		`-`	`1,000`

continued...

Page 5

`THE B.I.G FOUNDATION`

`Notes to the Financial Statements - continued`

`for the year ended 1 July 2024`

`5. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 2.7.22`	`in funds`	`1.7.24`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`-`	`1,000`	`1,000`
`TOTAL FUNDS`	`-`	`1,000`	`1,000`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`1,000`	`-`	`1,000`
`TOTAL FUNDS`	`1,000`	`-`	`1,000`

`6. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 1 July 2024.

Page 6

`THE B.I.G FOUNDATION`

`Detailed Statement of Financial Activities`

`for the year ended 1 July 2024`

`for the year ended`	`1 July 2024`
	`2024`		`2023`
	`£`		`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`		`-`	`1,000`
`Total incoming resources`		`-`	`1,000`
`EXPENDITURE`
`Total resources expended`		`-`	`-`
`Net income`		`-`	`1,000`

This page does not form part of the statutory financial statements

Page 7