18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 JANUARY 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Note
Income from:
Donations and legacies
287.592
5.100
292.692
Total income
287,592
5,100
292,692
Expenditure on:
Charitable activities
255,652
2,206
257,858
Total expendlture
255,652
2,206
257,858
Net movement in funds
31,940
2,894
34,834
Reconciliation of funds:
Nel movement in funds
31,940
2,894
34,834
Total funds carried forward
31,940
2,894
34,834
The Statement of Financial.4clivilies includes all gains and losses recognised In the period.
The notes on pages 8 10 14 form part of these financial slatemenls.
Page 6

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
BALANCE SHEET
AS AT 31 JANUARY 2023
2023
Note
Fixed assets
Current assets
Debtors
Cash al bank and in hand
1.000
36,034
37,034
Creditors.. amounts falling dije within one year
12.2001
Net current assets
34,834
Total assets less current liabilities
34,834
Totsl net assets
34,834
Charlty funds
Reslricled funds
Unrestricted funds
10
31,940
2,894
10
Total funds
34,834
The financial
stalemenls
were
approved
and
aulhorised for
issue
by the Trustee
and signed on their behalf by".
on
The notes on pages 8 10 14 form part of these financial staternenls.
Page 7

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Ggnoral information
Friends of Birmingham Children's Trust is a charity registered on the 29th November 2021 as a CIO-
Association. The registered office is the Birmingham Children's Trust, 1 Lancaster Circus Queensway,
Birmingham, 84 7DJ. Its principal activities are lo advance In life and relieve the needs of children and
young people who are looked after, In care or are care leavers.
Accounting policios
2.1 Basis of preparation of financial statements
The financial stÉilements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities
preparing their ciccounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic 01." Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial st<ilements have been prepared to give a 'true and fair, view and have departed from
the Charities IAI:counts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 r<lther than the Accounting and Reporting by Charibes.. Statement of Recommended
Pracb'ce effectivi: from 1 April 2005 which has since been withdrawn.
Friends of Birmiiigham Children's Trust meets the definition of a public benefit enb'ty under FRS 102.
Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise
stated in the rele,vant accounb'ng policy.
2.2 Income
All income is rÉicognised once the Charity has entillemenl to the income, il is probable that the
income will be rÉiceived and the amount of income receivable can be measured reliably.
The ￿cOgnItion of income from legacies is dependent on establishing entitlement, the probabilrty of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entiuement to a legacy exists when the Charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death Df the benefaclorl and the
executor is sati<,fied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legiacy musl be recognised when it is probable that it will be received and the fair value
of the amount rtJceivable. which will generally be the expected cash amount lo be distributed to the
Charity, can be reliably measured.
2.3 Expenditure
Expenditure is rÉJcognised once there is a legal or conslruclive obligation to transfer economic benefit
to 8 third paty, it is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. <'hared costs which contribute to more than one activity and support costs which are
not attributable l• antjiijtii JnnnrjlnnoA ￿￿tIllItA￿E nn nnn£jot￿nI tAijth
the use of resoLirces. Central staff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Page 8

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Accounting policies Icontinuedl
2.3 Expenditure {continued)
Expenditure on charitable activities Is incurred on direcdy undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised al the se+tlemant amount after any trade discoun+ offered.
Prepayments arij valued al the amount prepaid net of any trade discounts due.
2.5 Cash at bank aiid in hand
Cash at bank and in hand includes Gash and short-term highly liquid Investments with a short maturity
of three months or less from the date of acquisition or opening of the dep051t or similar accounL
2.6 Liabilities and ijrovisions
Liabilities are rei=ognised when there is an obligation al the BalanTr sheet dale as a result of a past
event, it is prob¢ible that a transfer of economic benefit will be required in settlement. and the amount
of the settlemen." can be estimated reliably.
Liabilities are rei:ognised at the amount that the Charity anlicipales it will pay to settle the debt or the
amount it has re*ived as advanced payments for the goods or services It must provide.
Provisions are rrieasured at the best estimate of the amounts required lo setue the obligation. Where
the effect of the lime value of money Is material. the provision is based on the present value of those
amounts, discolinled at the pre-tsx discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finan￿ cost.
2.7 Financial instruments
The Charity onls, has financial assets and financial liabilities of 8 kind that qualify as basic financial
instruments. Ba%%)IG financial instruments are initially reGognised at transaction value and subsequently
measured al their settlement value with the exception of bank 108ns which are subsequently
measured al amortised Gosl using the effective interest method.
2.8 Fund accountirig
General funds are unreslricled funds which are available for use at the disorelion of the Trustee in
furtherance of Ilie general obieclives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in aGGordanTr with specific reslriclions imposed by
donors or which have been raised 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 lo the financial slalements.
Page 9

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Income from donations andlogacies
Restricted Unrgstrictod
funds
funds
2023
2023
Total
funds
2023
Donations
Donations in kind
31,940
255,652
5,100
37.040
255.652
287,592
5,100
292,692
Analysis of expendi'ture on charitable activities
Summary by fund tj'pe
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Charitsble activities
255,652
2.206
257,858
Analysis of expendi'ture by activities
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Charitable activities
255,652
2,206
257,858
Page 10

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Analysis of expendituro by activitigs Icontinuedl
Analysis of support costs
Total
funds
2023
Activities
2023
Bank charges
Accountancy fees
Legal fees
1,200
1,000
1,200
1,000
2.206
2,206
Independent examirierfs remuneration
The independent ex<iminerfs remuneration amounts to an independent examiner fee of £1,20012021
Trustee's remunera1.'ion and expenses
During the period, no Trustees received any remuneration or other benefits.
During the period ended 31 January 2023, no Trustee expenses have been incurred.
Page11

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Debtors
2023
Due within one year
Trade debtors
1.000
1.000
Creditors- Amounts falling due within one year
2023
other creditors
Accruals and deferreij income
1,000
1,200
2,200
Page 12

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
10.
ststgmgnt offunds
ststgmgnt of funds - current Pgriod
Balance at
31 January
2023
Income Expenditure
Unrestrlcted funds
General Funds
5.100
12,206}
2.894
Restricted funds
Christmas day dinner
Young people
Winter programmes
Coats for young peoF,le
Website
2,608
7,600
232,632
500
10,612
13,500
6,240
13,900
2,608
7,600
21,232
500
1211.400}
110,6121
113,5001
6.2401
113,9001
Farms for City Childri:n
Future you
Staff celebration everil
287,592
255,6521
31,940
Total of funds
292,692
1257.858}
34,834
11. Summary of funds
Summary of funds- current period
Balance at
31 January
2023
Income Expenditure
General funds
5,100
287,592
12.206)
1255.652}
2,894
31,940
Reslricled funds
292,692
1257,8581
34,834
Page 13

18 draft
roduced on 191512023 11..0
FRIENDS OF BIRMINGHAM CHILDREN'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
12.
Analysis of net assots between funds
Analysis of net assots between funds - current poriod
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Current assets
Creditors due within one year
31,940
5,094
12,2001
37.034
12.2001
Total
31,940
2,894
34,834
13. Rolated party translictions
There is a balance dLie to Birmingham Children's Trust of £1,000
Page 14