## **Bead Sew Crafty CIO** Charity Registration No. 1198980 Trustees' Annual Report and Unaudited Financial Statements For the Year ended 31 May 2024 ## **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 Sherani Gaber (appointed 12 July 2023) Sue Graham (appointed 3 June 2023) **Bankers:** Metro Bank PLC **Independent Examiner:** Howard Lane - info@pro-filing.org ## **Bead Sew Crafty CIO** Trustees' Report for the year ended **31 May 2024** The Trustees have pleasure in presenting their Annual Report and Financial Statements for the year ended 31 May 2024. ## **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 2023-2024 we recruited 2 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 £ 91,434 (2023: £48,282) of which none was restricted (2023: £nil). Expenditure totalled £81,446 (2023: £42,189). Net receipts for the year was £9,988 (2023: £6,093). Total charity funds in cash at the year end were £16,081 (2023: £6,093) which were all unrestricted (2023: £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. ## **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. ## **Plans for future periods** We plan to sell any creations through our online shop directly thrtough our website and plan to close our ETSY UK Account. We will apply for grants to help fund 2 different workshops to provide more variety (dependant upon securing grants) ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law ## **Bead Sew Crafty CIO** Trustees' Report for the year ended ## **31 May 2024** 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 This report was approved by the Trustees on ................................and signed on their behalf by: Signed: SCVaria (Trustee) Name: Suraj Varia ## **BEAD SEW CRAFTY CIO** ## **Receipts and payments accounts** ## **For the year ended 31 May 2024** |**Receipts**
Donations
Product and material sales
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)**
**Cash funds last year end**
**Cash funds this year end**
**Payments**|2023-24| |---|---| ||**Unrestricted**
**funds**
**£**
-
1,484
266
89,512
172| ||91,434| ||5
756
3,522
535
4,784
233
5,695
65,916| ||81,446| ||9,988| ||6,093| ||16,081| ## **BEAD SEW CRAFTY CIO** ## **Statement of assets and liabilities** ## **at the end of the period 31 May 2024** ||**Unrestricted**|**Restricted**| |---|---|---| |**Details**|**funds**|**funds**| ||**£**|**£**| |Cash at bank and on hand|16,081|-| |Trade Debtors|3,093|| |Creditors and accruals|1,183|-| 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 _________________ _Signed by one or two trustees on behalf of all the trustees_ Signature Print Name Suraj Varia CHARITY CO FOR ENGLAND Independent examlnefs report on the accounts %rrtinn A Iridri)*i&def'l f. vAn14Vt s Ilei)Ofl 1024 w*Jw 14¥5Xbl ￿ ** A Ic•thi SE27 (PA CHARITY COMMISSION FOR ENGLAND AND WALES