Charity number. 258768 Comp#•y number: 0953582 The Binnitigharn Children's Community Venture Limited (A company limited by guarantee) Tnttts, report aDd financial statements for the year ended 5 May 2022
The Birniingbam Children's Community Velltur¢ Limited (A company limited by guargntee) Legal and admioistrative ioforniation Contents Legal and thinistrdtive iDforniatio Tn]S*¢s' rew)rt IndepeT]d¢nt examiners, report ststement of financial activiti&S Balan sheet Notrs to the financial statem¢Dts 9-14
The Binningham Children's Community Venture Limited (A company limited by glwantee) Legal and administrative inforniation Charity nllmr 258768 Compally registration number 0953582 Registered office 0 76 Grestone Avenue Binningha B20 IAY David Winkley Ann Eli72tth Twells Richard Alan Jon&8 Christopher Smith Howard Malty {ap)ind as Tn]stee only) Gill Sparrow Kerens& Neal (appTrinted as Tee only) Secretary Ridwd Al0 Jone5 Members Council fr C Smith Chairman Mr A Pi]mor¢ Trea5ur¢r Independent Examiner Mr D Thebridge Aric Accotants Limited Sutton ColdfieliL B73 5XE.
The BirniinghaJJi Children's Community Vcnture Limited (A Company limited by guarantee) Detailed statement of financial activit For the year ended 5 May 2022 The tTUStees pres¢nt their r¢port and the fall¢la1 gaternts for the year end 5 May 2022. The tsi]siees. who Unless otherwise Indicat are a]so dir¢ctOTS of The Birniingham Cthildren's ComrouDty VeDttffe Limited for the PUTposes of company law aud who s¢rved during the year and up to the date of this TetM)rt are set out on page l. structur governance and management The cOmpY is limited by gllaraD and the charity is govaDedby dITed wkno are also Trste¢s &8 listed on page l. Mew Trusle The board continua]ty review the nurni of tntstre& encourdg¢ teachers at Slthcriber schools to get involved by atteDding management or Inte meetÈngs to ensure continuity and a pxTrl of pwle to replace trusts wishing to reti. Over a lod of tme they leart) the PT{KeS of dlS1On making and are guided thrtyjgh the dem&TMls and responsibilitie5 requiTed of trSte so that in due course they are wi]ling to be foTOlY appointed. Objectives and actsvrties Objects To adYanc¢ the edllcation of, and to provide ora&sist inprovithng county hostrls and other facilities forrecreatiol) OT osb leisure time activitie5 in the iDt¢re5ts of 5rfial welfare and with the objectof iynproviDgtheirconditiOll of life forthe ben¢fit of poor and deprived children and youttg t*rsons regardle55 of colow or cre¢¢t Public Benefit The trustees ¢oDfirni that: In the exeist of their power5 18 chariry trustees, they have had due regard to the published guidallc¢ fron) the Charity Coinmission on th¢ oixration of the public knefit requirement and The aim5 of th¢ charity are Caled out for the befft of the public. AchievemeDts 2nd perfomance The financia] and academic years 202¢>21 and 2021-22 hav¢ been vcry wiusual I challenging for the BCCV due to the Imp1 of the COVtD 19 p3ndemic thr op¢ratiOD of thc BCCV and The Bri8Houst. A conwllence of the p8lldemic House w&s ¢li)sed vlsiiing gtOUP5 fDr th¢ summer and especialty the national I(dOwn5 alld schwl closure& The Bri. terni 2020 and for tb¢ rnajority of the academio year 2020-21 opening ollly Effiefty from May to Junc 2021. The BrigHouse fully reQlLed and continued to remain open forboth day and residentsaI visits for the acade]¢ year 2021- 22 which was very pleastng to see &$ chRldren and ywg wle were again able to make the most of the out(h)or experience5 available at The BrigHouse. The tNstees m¢t vÈ]tually on a Dumber of during 2021-22 with the NoveTnber 2021 AGM being the first "in person" membeTS meeting for two yeaTS. BCCV trustee5 main aitn duTing 2021-22 was to eDsllre th& The BrigHouse remained owational and in panicular to monÈttK the BCCV'5 financial position during the uncertain tiTn¢s of 2020-21 and 2021-22. Our reserves plus annual charg&% tomember sch(KJls enabled the BCCV to remain fillancially V5able forboth the fll)aDcial years 2020-21 aNI 2021-2022. Prnp05als for the future fijnding of the BCCV aTe Ing presented by the BCCV Chtiir and Treasurer atthe 2022 AGM. Memb¢r5hip of the BCCV has mnained sIr(g. Two scbooL% ter[ninal their membeTthip of the BCCV atthe end of July 2022 and th&%e schools have been Teplaced by tsvo schooL8 onthe waiting list with three IAh¢r SCh}S watIng for an opportunity to joill the project. BCCV trustees have takeTr the opporty durllig the fiDancial years 2021k21 and 2021-22 to put in place a number of planned developments The BrigHousc sit¢. These includv. l. The replacement of the paved path frnm Folty iafte to the main entraDce with a mu¢h more tobust and fit for ptjrpose pathway. This will irnprove and assist di52bility access. 2. The replMent of the origina] oven alld hob with a new and more efficient ovell #nd bob.
The Binningham Children's Commnnity Venthre Limited (A company limited by guarantee) Detsiled stateDJent of fanCial aetivities For the year ended S May 2022 3. The foDstrnction site of stsrdy aud robust be by a bespbke Imtnk E£d maker. Eight bunk IKds are iti sith in each domiitory plus one bunk bed in each staffdonnitory. This is a long -tenn investsnent wsting £17,000. The purchase of 36 hospital grnde IvaterpTYJof mattr&4se& The BCCV is very gratefiJI to the Alfred Leadbeater Trust who responded to Ir Tequ&5t for he]p to purch&e the ttre The Tt kindly grdllted the BCCV £9.000 to cover the cost of the rnattres 5. The BCCV put in place COVID 19 safety measures ill line with government guidance and advice from the Outdoor Education Association of PractÈtioDe durtng 2021-22 which included eDhanced clwting procth. Cleaning regiThe5 have llow rekned to a weekly owdtion. The Chatr's 2021 atmual Surner holiday audit olcatering? eleaniTrg and play equipmeBt indicated the ne&A for some miDor teplament and replenishment ofresourtts ID advance of The BrigHouse reopening for the acad¢rnic Y 2021-22. 7. Key priorities for2022-23 forthe BCCV arc to constandy rnonitor BCCV faClaI resources and The BrigHouse atlla1 running costs particularly in light of increased energy COSL8 in order Éo sustain the long-terni f]nancial viabilÈty of the BCCV. BCCV trustees are also exploring alten)attve energy sources to make The BrigHouse building as'green" aljd energy efficient as possxbl4 this project will BCCV'S key investsnellt for 2022-23. Financial review The rebuild costs iti 2015116 have beell fully amortised so dq>reciatiorA is no longer such & Si1fil3nt ¢osL Membership income has returned to prevtous levels as the llitieS were available for overnight vksits. No grant iDcom¢ was receive(L As detailed above there haye been some change5 ID sch(] membaship but the te ate h8ppy to report that all membership places are still taken rneaDing 1[ utilisatÉoll of The BrigHouse. Costs excluding depreciation have illcreased from £27.814 to £41450. retkcting higher Maintenance costs which iTtclude the progrdmme of works ¢xplained above. Th¢ rnithl of outsourcit)g the opetation and maiDtenaTtce of the facility. taking llto accounts inflation and now higher utilty bills means nornial costs will be in the ordEr of £35.000 per annum. The trustees satisfied th this model ensures suppliers wath skill4 knowledge and resou to implement changes in regulatioT] and be prttCti when it comes to safety are ensuriDg cornpliance with and advtsing on ]x)licies. leavti)g their role to oversee and monitor. This e4$ trcomillg a trustee while ID time work in teaching ts a manageable and realTSti¢ con)ltmellL The have designated a sinktng fund of £30.(KK) 3nnum to build up overtÈme and cover large periodic or unexpected repairor other costs but in view o Do allocatioll has been mad& Other reserves need to be sufficient allow it to cope with any Ioss of grani income or a drop in Mem1ShiP by Sch1& Tn will annually review how much tbis eeds to be, and to cover the defKit has been re¢kned to £75.000. Futhre developments For 2022r23 the tDJsiees are continuing to WO with schiKTrb to allow re5id¢ntial use.. There no spe¢tfic targets other than to maintsin occupancy and 5atisfactton levels and ContinallY plan to anticipat¢ and provide for changing need5 whether from legislatio ¢ducaÈion OTgenerdl olltural and parents] demalldk The are aware of the pressures on school budgets and parent's finances in 5¢thDg feog andthe requiranart to mailltsins standards and safety Page 2
The Birmingham Children's Community Venthre Limited (A company limited by guarantee) Detailed statement of fiDancial activitses For tbe year eDded 5 May 2022 Statenjellt of trustees, r£spoJL8ibilities The trustees {wbo, with one ex¢eptior4 are a]so directors of The Birniingbam ChÉldrens Community Venture Lirnited for the pulpose of wmpany law) are responsiblc for preparing the Trustets, Annual Relrt and the financial statements in accordance with applicable law and United Kingdom Genera]ty Accepted Accounting Practice. Company law requires the tsitsE5 to prepL stateJnLTts for each fina¢78] year whicb give a INe and fair view of the state of affairs of the ¢harÈtable company and of th¢ in¢orniDg resou and application of resources, includillg the income and expenditur¢ of the charitsble company forthat peri(xl. In preFwing tbese financial statements, th¢ ttee5 are requircd to: select suitable accouniiDg policies and apply them tSiStetty. obserY¢ the methods ad principles in the Charities SORP. ake judgements and estimat&% that are re&8onable and state wheth¢T applKable UK Accoullting Stoudards have Ien followrf bJeCt to any material (kpartus disclosed and explained the financial statements" and prepare the financial statements on th¢ going IXJDcern basis unless it is inapiwate to pstse that the cbaTitable company will wntinue in operauon. Th¢ tNStees are r¢sponsible for k¢¢ping proper accolmttng tecords which disclose with reasonable accuracy at any tim¢ the financial position of the clwitsble compally and which enable them to ensur¢ that the finan¢ial statements comply with the Companies Act 21N)6. Thcy are also resw)n5ible for safeguarding the assets of the chRritable company and hence for taking reasonable steps for the prevention and detedion of frnud and other irregularities. Small company provi¥io This report has beerj in accordance with the wovisions for snll charÈtsble comparries under company law . On behalf of th¢ board Richard Alan Jones Seeretary 9 November 2022 Pgge 3
The Birmingham Children's Commwiitv Ventsre Limited (A company limited by guarantee) Detailed statement of financial activities For the year ended 5 May 2022 Independent examiner's report to the trust$ on the unaudited finaneial statements of The Birmingbam ChRldreD'S Commullity Venture Limited. I report on th¢ accounts of Th¢ Binninghaln Children'5 Coll11ty Ven)Mwe Limited for the year ended 5 May 2022 set out on pages 2 to 13 Respeclive TestKJDsibiti£ of tte£S and indepeDd¢nt eumiRer The charity's trustees (who are also the directots of the cw f of comp3ny law) are responsible for the preparation of the accounts. The tn]sfres considerthat an audit Ès not Tequired forthisye4r under section 144 of the Charities Act 2011 (the Act). aod that an iDd¢Tthdent ¢xamination is n It is my responsil)ilty to ¢xamine the acciwjnts under secti(Trn 145 of tht ACL to follow the procedure5 laid down in the General Directions given by the Chariry Com1&10n section 145(5)b of the ACL and to stst¢ whether wki¢ular matters have ¢oTne to my attetition. Basis of independent examiner's slatement My examination w&8 carried out in acwdaTrce with the Ge[Kl Dirertions given by the Cbarity Comrnission. All examinion includcs a Teview of the acConting rOrdS kept by the clwity and a compzrison of the accounts presented with those records. Et also Includes consideratiOD of any itetns ordisclosure5 in the accounts. and seekin explanations from you as concerning aoy sllch matws. The prith Unde¢ do nol provide all the evidence that would be tequired in at) audÉt and consequent]y no OPiDion ts given &s to whether the accounts prsnt a Tue ad fair view, and the report is lÈmited to those matteTS sei out in the stat¢DJent below. Indepeodent examiner's statement In cowiection WTth Illy examinatsoty no matterhas come to my attention to illdicate that (i) proF¢f aCCOUDting records in a¢cordaTrc¢ with sectirn 386 of the Coryjpallies Act 21M)6. (li) the accowits do not accord with such accoiuthg records (iii) where accounts and prepaTed on an a¢¢n b1& whether they fail to compty wilh rel¢vant accounting requireTnellts under section 396 of the Companie5 Act 2(H)6 or are not cottsisteDt with the Chariti¢5 SORP (FRS102). 9 Novemlr 2022 David Thebridge FCA Independent esaminer Keystone HOUS 247* Jk£Y Road, Sutton Coldfiehl, W73 5XE Page 4
The Birniingham Children's Community V¢FJtsre Limited (A eompany limited by guarantee) Detailed statement of fmaneial actAvities For the year ended 5 May 2022 2022 2021 nds nds Totsl Total Income {notes 3 aud 4) lllcome aDd endowm¢nts from: Donations and le]&8 9,000 Charitable Activibes- memb¢rship attd joÉning fees 28.950 28.950 7.125 Charithble Activilies• othtr hire and iti¢(we 50 tnvestmeTht ine 145 Totsl income 28.955 28,955 16,220 Eipebdithre (note 6) Expellditure on: Raising fimds Charitable activiti¢5 43.831 43.831 27,814 DepTlatIon and amortisation and depreciknn 5.492 5.492 83,744 Total ¢xpendxturts cxpended 49,323 49.323 115,558 Net incomrfexpettdithre) for the year and net ineomel(expense) for the year (20.037) {20.037) (95,338) Tota] funds brougbt forward 83281 83281 178,619 Totsl hnd$ rrIed foThFard 63244 63244 83281 Pag¢ 5
The Birniingham Children's Cojnmunity Venture Limited {A company limited by guarantee) Detailed statement of fill¢1%1 activit For the year ended 5 May 2022 Balanc¢ sheet as at 5 May 2022 2022 2021 Notrs Fiied &85ets Tangible awts 15.810 16.674 Current assets Cash at bank and in hand debtOTS and prepayments 55,538 lJ82 65,589 1.918 53.920 67,507 Crediton: amounts falling due within otte year ( 9) (9(K)) Net eurrent a&sets 53.020 66,607 Net assets 68,830 83281 Fubds Resrriaed incomc fun¢tg Unrestrieted income funds 68.830 83281 Total funds 68.830 83,281 The Balance She¢t contÉllues on the following pag& Page 6
The Birniingham Cbildren's Community Venture Limited {A compaDy limited by guarnntee) Detailed statement of finantial aetivit For the year ended 5 May 2022 Balance sheet (eontinued) Trustees statejnents required by the Companies Act 21106 for the year ended 5 May 2022 In approving thes¢ financtal statements as truste of th¢ c(ympany w¢ herthy confirni.. {a) that for the year stated aixive the company was eDtitled the exemption eonferred by section 477 of the Companies Act 2006,. (b) that DO noti¢e h&s IMI detM)sitcd ot the registEred office of the c4)mpany pursuant to 5e¢lioD 476 of the Companies Act 2006 requesting that an audit be conducted foTtheyear &ided 5 May 202i (c) that the director5 a¢krm¥kdge their r•Kl1]IE1eS for complyi8 wtth th¢ r¢quirements of the Compatiies Act with respectto accounting record% and the preparakn of accounts: These financial 5tatemellts are prepared in acconkncc with the prt>ViSiODS aN)lioble to 1]] wmpanies subject to the srnall cornpanifS regtme and in accordance with FRS102 SORP. The financial Stratements were approved by the boanl on 3 Novonbff 2tY22 ar#1 signed its behalf by C Smith Director 9 November 2022 Page 7
The Birmingham Children's Community Venture Limited (A company limited by guarantse) DetaRled statement of financial activities For the year ¢nded 5 May 2022 Accounting tlIcIeS The princtpal accouiitang lICIeS are below. The accou&ting p>lxcics have be applied CA)nsistcntly througbout the year and th¢ preceding ycar. Basts of aceouDtiDg The financial statements prepared in accordance with the Ststemeni of Recommellded Practice by Clwities prepaTing their accounts in arcordaDce with the FinallciaI RepoTting Stsndard applithle in the UK w)d Republic of Ireland (FRS102) t&slled on 16 July 2014. 1.2. Incoming resoure£¥ All incoming resimrn are included in Ihe statement of fllw¢ial activities when the charity is entitled to the income OT is mott Itkely than not to receTve the resoutces and the amount can be quantified with teawnable accuracy. The following specific wlicies are applied to Erticular categorits of income: VoluTrtary income received by way of grdnt4 donations and grfts and is includ&1 in fjjll in the 5tstement of financial activities when receivable. Grants wbere entitleent is not condibonal on the delivery of a Sp]fiC perfomiance by the charÈty, are tecognised when the ChIty IrneS uncoT]ditionally entitled to the grant. Donated Servi faciltties are in¢luded at the to the clwity wherr this (ao be qUantifiL The value of services provided by volullt ha5 not Ferk iRcludfAJ ixjt is noted in the trtte5 reporL Income from Anv¢stsnents repTcsenting balth interest is included in the Y in which it is receivable. Joining fees are not refilndable and are payable when a sch11 wishes to subscribe to use the frdcilities for residential ¢xperiences in order to deliverthe curriculum. Annual subscriptions are payable at the start of the yeaT and cover tbe use of the BrigHouse for a specific nwnber of days over the &ademic year subject to the tenns And ndItiOns. Both are recogDised on the ear"tr of date of invoice oron receipL No part of the aDal membtsthip is refidable. 1.3 Expedi1re Expenditure is recognised on aD accrual b&15 a liability is incr[ed which is wh¢re it is mott lik¢ly thaD not that there is a Icgal or COllStriGtiv¢ obliwith] G(Knmautng the charity pay out and thc amount Tn¢asured wÈth reasonable certainty. Expenditure includes aDy VAT which caE)Dot be fulty recovere<i is Teported a5 part of the expendittwe to which it relates. Costs of gcDerating funds comprise any costs a)¢12d with attrxting volunlary incorne Orgrdntfimdillg. Generally there is no direct ¢ost as trustees give theTt own time to seek grants. Charitable exp¢nditure comprises those costs tncurred by the chartty ia the delivery of its activities aud services for its beneficiwies. It illcludes both c05fs that can be alloLated directly to such actKviti&s and those costs of an indirect nature necessary to support them. Support costs Are those costs indirertly incurrEd ID supporting the expenditse on the Obits of the chartty. Governance costs comprise a]1 costs involving public accoulltability of the cbarity and its compliance with regulatioll and good practise Page 8
The Birmingham Children's Community Venture Limited (A Company limited by goar2ntee) Detsiled statsment of financial activiti For the year ended 5 May 2022 Th¢ charity made no redundancy paymojts and elltployed no sthff duriDg the rwting perio The charity accounts for b&8ic fjnancial instruments on initta] recogDib(KA as per paT8wh 10.7 FRS102 SORP and subsequent measurement as as Perparabs 11.17 to 11.19 FRS 102 SORP 1.4 Tangible fixed &8sets and depreciation Tangible fixed a4ets arv Stated at cost less accumulatrd dewEciation. DqxeciattOD is provided at rates calculated to wrtte off the ¢05t le&s TC5idua] value of exh asset ovu its expECted us¢ful life. 18 follows: lthsehold properties Suaight line overthc life of the lease (5 y¢ars) Fixw fittings aDd equIpmt . straight lille Voluntary ineome (all uDr&qtricted) 2022 2021 donations Alfred Leadbeater TTUSt 9,000 Income froJD ch4ritsbk aetiYiti¢s Annual meJnber5hip fees 28.950 7125 Other income 50 28.950 16.175 3. Illvestment iD¢ome (all unre¥tri¢ted) 2021 Bank Ierest receivable 45 Page 9
The Birmingham Children's Community Ventnre Limited (A company limited by guarantee) Detailed statement of financial aclivitio9 For the year ended 5 May 2022 4 Expendititre 2022 2021 Operating Brigg House.. Establishment co@ re4 TX)wer. tDsurdnc£ Repairs, tnaintenance •]d rwjntllg costs Sundry costs 9275 19.590 13585 6,618 11.583 9,613 Totrl opeting costs Depreciation ad otber amollt written off tartyble ed &%sets 42.450 864 27,814 83.744 Totsl expendittsre 43,314 111.558 Accountancy for indgndeTrt examinatson 900 9)0 There were no support costs separately identifie Employees TaJatio The charity's activities fall within the exeMptiS afftyded by the provisions of tax kgislation. Accordingly, theTe is no t&Kation charge in these a¢counts. Page 10
The Birmingham Children's Community Venture Limited (A company limited by guarantee) Detsiled statement of financial aetivithe5 For the year ended 5 May 2022 Tangible fixed assets Ltgsthold fittings and property equipment Totsl Cost At6May2021 476.12 33.697 509.799 Additions At 5 May 2022 476.102 33,697 509,799 Depreeiatio At 6 May 21Y21 476.102 17,023 493.125 Charge for the year 864 At 5 May 2022 476,I¢Y2 17,887 493.989 Iyet book values At 5 May 2022 15,810 15,810 Ai 5 May 2(r21 16.674 16.674 Debtors and prepayments 2022 2021 1.382 1918 io. Creditors: gmounts falling due within one year 2022 2021 Accrna]s and deferred inme Pagell
The BirmiDgham Children'$ Community Venlure Limited (A eompany limlted by guarantee) Detailed statement of financial aetivitios For the year ended S May 2022 ii. Anatysis ofDet between funds Unrestricted funds Fund balances at 5 May 2022 &8 represented by.- Fixed &%sets 15,810 S3,0 Current li8biliti&8 900) TOTAL 68,830 12. Unrestricted funds Brn•gh¢ Fonv*rd In¢ome Expendithre Tr4Dsfer Forward Unrestricted fijnd Desigllated sinking fimd ( 6.619) 29.855 (43J14) 25.000 {25.IM)O) 3.830 65.IK)O 83281 29.855 (43.314) 6L830 £25.000 of the sinking fimd has been allocated to general fid to cover additional Tepair costs ov¢r thc 2021 and 2022. Purposes of nnrutricted fvnds The fimds available to me¢t the charities objectives The designated sinking fimd is to ¢over firture pmdic a1 uDexF¢cknI maintenw costs 13. Company limited by guarantee The B]r]nghaM Children's Community ve1re Limited is a company limited by guardntee and accordingly does noÉ have a share capital. Every Tnember of the company undertakes to conthThute such aEnount as may be required not exceeding £1 the &ts of the charitable company in the event of its being wound up while he or she is a memttr, or within one year after he orshe ce&sts to be amernber. Page 12