## **Bead Sew Crafty CIO** Charity Registration No. 1198980 Trustees' Annual Report and Unaudited Financial Statements For the Year ended 31 May 2023 ## **Bead Sew Crafty CIO** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Status:** Charity Registration No. 1198980 Our charity is a CIO which is governed by its Constitution and Board of Trustees. **Registered Office:** Bead Sew Crafty CIO Horsenden Farm, Horsenden Lane North UB6 7PQ **Trustees who served during part or whole of the year to date:** Suraj Varia Mamta Gandhi Simon Jarrett **Bankers:** Metro Bank PLC **Independent Examiner:** Robert Newman **1** **Bead Sew Crafty CIO** Trustees' Report for the year ended **31 May 2023** The Trustees have pleasure in presenting their Annual Report and Financial Statements for the year ended 31 May 2023 ## **Structure, Governance and Management** Bead Sew Crafty has a Constitution Document which sets out our charitable purposes. We are set up as as a CIO - Charitable Incorporated Organisation. Trustees look at the experience and skills needed for the role to select additional Trustees. Everybody is DBS checked (staff and Trustees) before appointment. ## **Objectives and Activities** (a)To provide relief to those in need because of disabilities, ill health, age and associated additional needs or disadvantage in such ways as the trustees see fit including by providing therapeutic handicraft workshops and craft activities (b) The advancement of arts and crafts through running creative workshops and teaching of particular skills and crafts. ## **Achievements and Performance** Between 2022-2023 we recruited 4 new attendees We raised money for the charity from selling our creations at craft stalls, through the workshop and on Etsy. ## **Statement on Public Benefit** In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act 2011 ## **Financial Review** During the year the Trust received income totalling £48,282 (2022: £nil) of which none was restricted (2022: £nil). Expenditure totalled £42,189 (2022: £nil). Net receipts for the year was £6,093 (2022: £nil). Total charity funds in cash at the year end were £6,093(2022: £nil) which were all unrestricted (2022: £all). ## **Reserves policy** We have reserves of 3 months expenditure to cover the normal functioning of the company. In event of closure, these rerserves can be accessed. Reserves will be reviewed once a year. ## **Plans for future periods and impact of COVID19 on charity's activities and financial stability** In the event of another pandemic our charity will strive to deliver it's material to vulnerable adults throgh weekly craft packs, in addition to individual wellbeing and furthering our online presence remotely through once weekly online group sessions. We will need to furlough our staff team while the managers will carry out the afforementioned activities plus apply for any available funding. ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law **2** ## **Bead Sew Crafty CIO** Trustees' Report for the year ended ## **31 May 2023** The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the applicable charity law, Charity Commission guidance and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities ## 11/03/2023 This report was approved by the Trustees on ................................and signed on their behalf by: Signed ___________________________________ (Trustee) Name ____________________________________ Suraj Varia 3 ## **BEAD SEW CRAFTY CIO** ## **Receipts and payments accounts** ## **For the period ended 31 May 2023** |**Receipts**
Donations
Product and material sales
Trade Debtors
Esty Sales
Income from day services
Bank Interest
**_Total Receipts_**
Bank Charges
Computer and IT support
Cost of sales
Insurance
Legal & Professional expenses
Other expense
Rent and Utilities
Staff cost
**_Total Payments_**
**Net of receipts/(payments)**
**Transfer between funds**
**Cash funds last year end**
**Cash funds this year end**
**Payments**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**£**
**£**
**£**
10,004
-
10,004
1,000
-
1,000
383
-
383
36,872
-
36,872
23
-
23
48,282
-
48,282
45
-
45
309
-
309
1,407
-
1,407
383
-
383
2,001
-
2,001
393
-
393
3,051
-
3,051
34,600
-
34,600
42,189
-
42,189
6,093
-
6,093
-
-
-
-
-
-
6,093
-
6,093
16/05/2022 to 31/05/2023| |---|---| **4** ## **BEAD SEW CRAFTY CIO** ## **Statement of assets and liabilities** ## **at the end of the period 31 May 2023** **----- Start of picture text -----**
|||| |---|---|---| |Unrestricted|Restricted| |Details|funds|funds| |£|£| |Cash at bank and on hand|6,093|-| |Creditors and accruals|1,058|-| **----- End of picture text -----**
The financial statements comprising of the Receipts and Payments Summary and Statement of Assets and Liabilities were approved and authorised for issue by the Board on _________________11/03/2023 ## _Signed by one or two trustees on behalf of all the trustees_ **----- Start of picture text -----**
Signature Print Name
Suraj Varia
**----- End of picture text -----**
5 ## **Independent examiner's report on the accounts** |**Section A**
**Independent Examiner’s Report**|**Section A**
**Independent Examiner’s Report**| |---|---| |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|**Charity no**
**(if any)**
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended**DD / MM / YYYY**.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
Bead Sew Crafty CIO
31 May 2023
1198980| I report in respect of my examination of the Trust’s accounts 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** ~~[The charity~~ ’ ~~s gross income exceeded £250,000 and I am qualified to~~ **examiner's statement** ~~undertake the examination by being a qualified member of [insert name of~~ applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination ~~(other than that disclosed below *)~~ which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or  the accounts did 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. * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**||11/03/2024| |---|---|---| |||| ||Robert Newman|| |||| ||Fellow Association International Accountants|| **Oct 2018** 1 **IER** ## **(if any):** **Address:** Chichester House, 2 Chichester Street, Rochdale, OL16 2AX **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . N/A **Oct 2018** 2 **IER**