Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
Charity registration number: 1206898
The Bolt Burdon Kemp Charity
Annual Report and Financial Statements
for the period from 17 October 2024 to 31 March 2025
Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Statement of Trustees' Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Reference and Administrative Details
Chairman Jonathan Wheeler Trustees Rhicha Kapila Rebecca Sheriff Charity Registration Number 1206898 Principal Office Bolt Burdon Kemp LLP 26 Newbury Street London EC1A 7HU Independent Examiner Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the period ended 31 March 2025.
Objectives and activities
Objects and aims
A summary of the purposes of the Charity is in particular but not exclusively award grants for the following charitable purposes:
• supporting individuals who have suffered an injury and are in need because of ill-health, disability, or other disadvantage, and their families and dependants;
• supporting charitable community projects operating in the City of London for the public benefit;
• supporting individuals who wish to enter the legal professions and are in need because of ill-health, disability, financial hardship or some other disadvantage to advance their legal education; and
• promoting activities to improve equality and diversity in the legal sector and eliminate discrimination in the legal sector on the grounds of race, gender, disability, sexual orientation or religion.
Objectives, strategies and activities
We have spent the past year setting up the charity. This has included opening a bank account, setting up a website, registering with the Fundraising Regulator, recruiting volunteers to our fundraising and grant making committees, buying in appropriate accounts software, engaging accountants, taking out insurance.
Public benefit
As stated above, this first period was taken up establishing the charity and we hope this year to fulfil our charitable purpose of making grants in accordance with our objectives.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
The charity is in a stable financial position. During the year a donation of £30,000 was received and the in year surplus was £11,995.
Policy on reserves
The Trustees have adopted a policy to maintain general unrestricted reserves at a level equal to 6 months operating costs. This policy will be kept under review and the Trustees will monitor its application on an annual basis. At the year end the charity held £11,995 of reserves, all of which is unrestricted.
Going concern
The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. On review, the Trustees have concluded that they are to adopt the going concern basis in preparing these financial statements.
Structure, governance and management
Nature of governing document
The Charity is a Charitable Incorporated Organisation (CIO) governed by constitution.
Recruitment and appointment of trustees
The first Trustees were appointed under the constitution
Any further trustees are appointed by the sole member (Bolt Burdon Kemp LLP) for a term of 3 years. In selecting individuals for appointment as charity trustees, the member must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
4/8/2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Jonathan Wheeler Chairman
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
4/8/2025 Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Jonathan Wheeler Chairman
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Independent Examiner's Report to the trustees of The Bolt Burdon Kemp Charity
I report to the trustees on my examination of the accounts of The Bolt Burdon Kemp Charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of The Bolt Burdon Kemp Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Bolt Burdon Kemp Charity'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 examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The Bolt Burdon Kemp Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
...................................... Felicity Sang
Staverton Court Staverton Cheltenham GL51 0UX
4/8/2025 Date:.............................
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Statement of Financial Activities for the Period from 17 October 2024 to 31 March 2025
| Note Income and Endowments from: Donations and legacies Total income Expenditure on: Other expenditure 3 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds carried forward 9 All of the charity's activities derive from continuing operations. The funds breakdown for 2024 is shown in note 9. |
Unrestricted funds £ 30,000 30,000 (18,005) (18,005) 11,995 11,995 11,995 |
Total 2025 £ 30,000 |
|---|---|---|
| 30,000 | ||
| (18,005) | ||
| (18,005) | ||
| 11,995 | ||
| 11,995 | ||
| 11,995 | ||
The notes on pages 7 to 9 form an integral part of these financial statements. Page 5
Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
(Registration number: 1206898) Balance Sheet as at 31 March 2025
| Note Current assets Debtors 6 Cash at bank and in hand 7 Creditors: Amounts falling due within one year 8 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 9 |
2025 £ 420 15,295 |
|---|---|
| 15,715 (3,720) |
|
| 11,995 | |
| 11,995 | |
| 11,995 |
The financial statements on pages 5 to 9 were approved by the trustees, and authorised for issue on 4/8/2025 .................... and signed on their behalf by:
......................................... Jonathan Wheeler Chairman
The notes on pages 7 to 9 form an integral part of these financial statements. Page 6
Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Notes to the Financial Statements for the Period from 17 October 2024 to 31 March 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
Basis of preparation
The Bolt Burdon Kemp Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Notes to the Financial Statements for the Period from 17 October 2024 to 31 March 2025 (continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Total for period ended 31 March 2025 |
Unrestricted funds General £ 30,000 30,000 |
Total funds £ 30,000 |
|---|---|---|
| 30,000 |
3 Other expenditure
| Note Allocated support costs Total for period ended 31 March 2025 |
Unrestricted funds General £ 18,005 18,005 |
Total funds £ 18,005 |
|---|---|---|
| 18,005 |
4 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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Docusign Envelope ID: 3BECF1C4-A809-4B7B-987C-C8A4C617F56F
The Bolt Burdon Kemp Charity
Notes to the Financial Statements for the Period from 17 October 2024 to 31 March 2025 (continued)
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Debtors
2025 £ Prepayments 420
- 7 Cash and cash equivalents
2025 £ Cash at bank 15,295
8 Creditors: amounts falling due within one year
| 8 Creditors: amounts falling due within one year |
|
|---|---|
| Trade creditors Accruals |
2025 £ 420 3,300 |
| 3,720 |
9 Funds
| Unrestricted funds General |
Incoming resources £ 30,000 |
Resources expended £ (18,005) |
Balance at 31 March 2025 £ 11,995 |
|---|---|---|---|
10 Analysis of net assets between funds
| Current assets Current liabilities Total net assets |
Unrestricted funds General £ 15,715 (3,720) 11,995 |
Total funds at 31 March 2025 £ 15,715 (3,720) |
|---|---|---|
| 11,995 |
11 Related party transactions
During the period the charity made the following related party transactions:
Bolt Burdon Kemp LLP
During the financial year, the charity received a donation of £30,000 from Bolt Burdon Kemp LLP, in which the charity's trustees are members.
The trustees have ensured that this donation was made on an arm's length basis and in the best interests of the charity. The donation has been used to support the charity's general activities. At the balance sheet date the amount due to/from Bolt Burdon Kemp LLP was £Nil (2024 - £Nil).
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