**Charity Registration No. 1198424**
**Company Registration No. 13707293 (England and Wales)**
## **BLOSSOMS LONDON LTD**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 28 FEBRUARY 2023**
## **BLOSSOMS LONDON LTD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Charity number**
Mrs G Erlich Mr M Steren Mrs L Weiss
1198424
(Appointed 27 January 2022) (Appointed 27 January 2022) (Appointed 27 October 2021)
**Company number** 13707293 **Registered office** 362 Craven Park Road London N16 6AG
**Independent examiner**
Mr J Silver FCCA 32 Castlewood Road London N16 6DW
## **BLOSSOMS LONDON LTD**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 9|
## **BLOSSOMS LONDON LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
The trustees present their annual report and financial statements for the period ended 28 February 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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**
The charity's objects are to act as a resource for disabled and or socially and economically disadvantaged children and young people in L ondon, to :
a) advance in life and help young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
b) provide recreational and leisure time activities in the interests of social welfare with a view to improving their conditions of life.
T here has been no change in these during the period.
The charity carries out its objectives by providing grants, programmes, services and support designed to assist the above mentioned individuals.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Due regard is also given to the deliverance of the Child Protection Policies within the direct work undertaken by the charity and within the o rganisations in receipt of grants.
## **Achievements and performance**
Blossoms London was spawned by the national crisis, triggered by Covid-19, affecting the mental health and social well-being of young people. We wanted to provide constructive and positive activities for the economically, physically, emotionally, and socially disadvantaged children in our locality who’ve been through two years of persistent confinement to overcrowded homes and the most socially divisive circumstances and attitudes experienced for a century in the form of government enforced ‘social distancing’ .
The nucleus of Blossoms is a group of 15 young teen enthusiastic volunteers, our starting crew. These young people are the steering group and the vital beating heart of Blossoms, working with the founders and other responsible adults to ensure that projects have clear user input and user leadership. Blossoms gives them a launching pad to improve their own lives and the lives of others. They are a voice for children of all ages in the planning, implementing, and monitoring of diverse projects. This is a rotating forum, as members move on, and new ones join.
Throughout this year, Blossoms has proactively developed social enrichment programs to reach as large a diverse catchment of young people as possible. Among our activities were:
- Our after-school homework and fun club, aptly called ‘Every Child Can Blossom,’ treated 175 children to a safe, relaxed, and warm setting, peer and volunteer support, and the chance to regain and rebuild social connections frayed in the Covid period while improving knowledge, skills, and confidence. We offer our thanks to the National Lottery Foundation for their assistance.
- As imagined and created by our teen navigators, Dreams of Hope provided sunshine in winter gloom for 30 YP aged 16-19 affected by deprivation and disability. With adequate and responsible adult supervision in place, the teens were given a weekend in an expansive, disability-friendly and natural setting with a full roster of confidence boosting and skill enhancing activities, designed to foster positive feelings of self-acceptance and well-being. We are grateful to the John R. Murray Charitable Trust, the Sir John & Lady Amory's Charitable Trust, the Broughton Family Charitable Trust, the Hazel & Leslie Peskin Charitable Trust, and to Tallow Chandlers for their support.
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## **BLOSSOMS LONDON LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
- When heat baked the inner city, Blossoms successfully administered two weeks of summer provision for 125 YP and 10 co-host families with a disabled member in the cooler regions of Somerset in a sprawling campus of trees, meadows, and sport facilities. We provided an immersive opportunity for the sport and exercise chronically lacking in their lives, interspersed with directed social interaction. Children with physical disability were aided to join; children with learning disability blossomed; and all of the children gained through the experience, making friends, acquiring varied skills, and building self-esteem.
For the future, Blossoms is exceedingly aware of the effects of the cost-of-living crisis on children, as a rising number of homes experience food poverty, difficulty in heating adequately, and fear for the future. These can all impact a child’s emotional, mental, and physical well-being, increasing the number of children in our area of high deprivation who are actively experiencing the challenge of adverse childhood experiences. We look to continue and expand our provision to meet the need.
## **Financial review**
In the period under review the charity generated income of £ 186,051 and incurred expenses of £ 152,635 resulting in net incoming resources of £ 33,416 .
The trustees are satisfied with the results of the charity.
The charity’s reserves currently stand at £33,416, including £19,825 of restricted funds.
The charity’s aspirational reserves policy is to maintain reserves comprising three months of operational cost in unrestricted funds. Trustees believe maintenance of reserves at this level will ensure continuous operation in the face of unanticipated developments or fluctuations in funding. The trustees consider that the charity is doing well towards this goal.
## **Structure, governance and management**
The charity is controlled by its governing document, its articles of association, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.
It was incorporated on 2 7 October 2021 as a company and registered as a charity on 29 March 2022 .
The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:
Mrs G Erlich (Appointed 27 January 2022) Mr M Steren (Appointed 27 January 2022) Mrs L Weiss (Appointed 27 October 2021)
It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
The trustees administer the day to day running of the charity .
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £ 1 in the event of a winding up.
The trustees' r eport was approved by the Board of Trustees.
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.............................. .............................. Mr M Steren Mrs L Weiss **Trustee Trustee**
Date: .............................................
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## **BLOSSOMS LONDON LTD**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOSSOMS LONDON LTD**
I report to the trustees on my examination of the financial statements of Blossoms London Ltd (the charity) for the period ended 28 February 2023.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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
- 4 the financial statements 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 financial statements to be reached.
## **Mr J Silver FCCA Precision Ltd 32 Castlewood Road London N16 6DW**
Dated: .........................
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## **BLOSSOMS LONDON LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
155,061
30,990
**Expenditure on:**
Charitable activities
**4**
141,470
11,165
**Net income for the period/**
**Net movement in funds**
13,591
19,825
Fund balances at 27 October 2021
-
-
**Fund balances at 28 February 2023**
13,591
19,825|**Total**
**2022**
**£**
186,051
152,635
33,416
-
33,416|
|---|---|
The statement of financial activities includes all gains and losses recognised in the period.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **BLOSSOMS LONDON LTD**
## **BALANCE SHEET**
## _**AS AT 28 FEBRUARY 2023**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**8**
Net current assets
**Income funds**
Restricted funds
Unrestricted funds|**2022**
**£**
34,256
(840)|**£**
33,416
19,825
13,591
33,416|
|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 28 February 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on .........................
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|..............................|..............................|
|---|---|
|Mr M Steren|Mrs L Weiss|
|**Trustee**|**Trustee**|
|**Company Registration No. 13707293**||
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## **BLOSSOMS LONDON LTD**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
## **1 Accounting policies**
## **Charity information**
Blossoms London Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 362 Craven Park Road, London, N16 6AG.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **BLOSSOMS LONDON LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 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 to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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## **BLOSSOMS LONDON LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
150,561
11,165
Grants
4,500
19,825
155,061
30,990|**Total**
**2022**
**£**
161,726
24,325
186,051|
|---|---|
Restricted funds relate to grants given for specific sport and leisure activities.
## **4 Charitable activities**
|Recreational & Leisure time activities
Share of support costs (see note 5)
Share of governance costs (see note 5)
**Analysis by fund**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
General office costs
19,959
-
Accountancy
-
840
19,959
840|**2022**
**£**
19,959
840
20,799|**Charitable**
**Expenditure**
**2022**
**£**
131,836
19,959
840
152,635
141,470
11,165
152,635
Support
costs
Governance
costs
£
£
-
-
-
-
-
-|
|---|---|---|
## **5 Support costs**
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## **BLOSSOMS LONDON LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 28 FEBRUARY 2023**_
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.
## **7 Employees**
The average monthly number of employees during the period was:
**2022 Number**
Total -
There were no employees whose annual remuneration was more than £60,000.
## **8 Creditors: amounts falling due within one year**
**2022 £** Accruals and deferred income 840
## **9 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 28 February 2023 are represented by:
Current assets/(liabilities)
13,591
19,825
13,591
19,825|**Total**
**2022**
**£**
33,416
33,416|
|---|---|
## **10 Related party transactions**
There were no disclosable related party transactions during the period .
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