Charity number. 258768 Comp#•y number: 0953582 The Binnitigharn Children's Community Venture Limited (A company limited by guarantee) Tn￿ttts, 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 nllm￿r 258768 Compally registration number 0953582 Registered office 0 76 Grestone Avenue Binningha B20 IAY David Winkley Ann Eli72t￿th Twells Richard Alan Jon&8 Christopher Smith Howard Malty {ap￿)in￿d as Tn]stee only) Gill Sparrow Kerens& Neal (appTrinted as T￿￿ee only) Secretary Ridwd Al0￿ Jone5 Members Council fr C Smith Chairman Mr A Pi]mor¢ Trea5ur¢r Independent Examiner Mr D Thebridge Aric Acco￿tants 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 f￿all¢la1 gatern￿ts 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 cOmp￿Y is limited by gllaraD￿ and the charity is govaDedby dITed￿ wkno are also Tr￿ste¢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 In￿te 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 d￿lS1On making and are guided thrtyjgh the dem&TMls and responsibilitie5 requiTed of tr￿Ste￿ so that in due course they are wi]ling to be foTO￿lY 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 exe￿ist 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 Ca￿led out for the b￿efft 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 Imp￿1 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 reQ￿lLed 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[nina￿l 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 wa￿tIng for an opportunity to joill the project. BCCV trustees have takeTr the oppor￿￿ty 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 repl￿Ment 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 f￿anCial 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 I￿r Tequ&5t for he]p to purch&e the ￿￿ttre￿ The T￿￿t 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 Su￿rner 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 f￿a￿ClaI resources and The BrigHouse at￿lla1 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 & Si￿1fil3nt ¢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 t￿￿e￿ 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￿$ tr*comillg 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 Mem1￿ShiP by Sch￿1& 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 Contin￿allY 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 Rel￿rt and the financial statements in accordance with applicable law and United Kingdom Genera]ty Accepted Accounting Practice. Company law requires the tsitsE￿5 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¢ t￿￿tee5 are requircd to: select suitable accouniiDg policies and apply them t￿SiSte￿tty. obserY¢ the methods a￿d principles in the Charities SORP. ake judgements and estimat&% that are re&8onable and state wheth¢T applKable UK Accoullting Stoudards have I￿en followrf ￿bJeCt to any material (kpartu￿s disclosed and explained the financial statements" and prepare the financial statements on th¢ going IXJDcern basis unless it is inapiwate to p￿sts￿e 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 sn￿ll 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 Coll￿￿11ty Ven)Mwe Limited for the year ended 5 May 2022 set out on pages 2 to 13 Respeclive TestKJDsib￿iti£￿ of t￿￿te£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 Com￿1&￿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[K￿l Dirertions given by the Cbarity Comrnission. All examin*ion includcs a Teview of the acCo￿nting r￿OrdS 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 a￿d 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￿￿ b￿1& 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 Noveml*r 2022 David Thebridge FCA Independent esaminer Keystone HOUS￿ 247* J￿k£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¢(w￿e 50 tnvestmeTht i￿￿ne 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 DepT￿latIon 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•K￿l￿1]IE1eS for complyi￿8 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 t￿lIcIeS 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 E*rticular 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 entitle￿ent is not condibonal on the delivery of a Sp￿]fiC perfomiance by the charÈty, are tecognised when the Ch￿Ity I￿rneS uncoT]ditionally entitled to the grant. Donated Servi￿ faciltties are in¢luded at the to the clwity wherr this (ao be qUantifi￿L The value of services provided by volullt￿ ha5 not F*erk iRcludfAJ ixjt is noted in the tr￿tte5 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 sch1￿1 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 a￿D￿al membtsthip is refi￿dable. 1.3 Expe￿di1￿re 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