Birmingham Children's Communityventure Limited Company registration number." ￿953582 Birmingham Children's Community Venture Limited Company limited by guarantee Birmingham Children's Community Venture Limited UNAUDITED FINANCIAL STATEMENTS for the year ended 5 May 2024 Unaudited Financial Statements Year ended 5 May 2024 CONTENTS PAGE Legal and admlnlstTrtl¥e knforniatlon Trustee5' Rewt Independent examlner's Rep(Yt Statement of finandal actlvltl Stthment ofTotal comp￿he￿￿e Inc(me Statement of Flnancbal Posltlon Notes tothe H￿nd41 StsteM￿ts 9-12 Thefollty•Ani p•g•sdo notlorni p•rt ofth• Iln•nd•l stst•m Oetalled Income Statement 13-14 Birmingham Children's Community Venture Limited Legal and administrative information Cknrity 258768 Comp*ny re8ifjtr*tkMJ 0953582 clo 76 Greth Avenue BinniD8kn B20 IAY vid W￿Y Ann ElizaiYthTwrlls Howard ￿ (app)intoA as Tnthe (rt￿y) Giu Sparrow Stcrt*ry Member5 CouR¢ Mr C &Dith Chainnall rA Piknore IDdepeDdent Examiner Mr D Ththidge Coldfiell B73 5XE Birmingham Children's Community Venture Limited Trustee's Report Year ended 5 May 2024 The trustees presert their report and the unèudited Ilnancial ststements of the company for the year ended S May 2024. Tr tnL<¢e& who irtI￿n¥￿ indicate4 are also directots of The Birniingham Children's C(Ktllnunity kntwe Lirnited for prNp)xs of cOM￿nY law wlK> ￿[ved during year and up tothe thte of this rwt are sa out (n Me l. onw¢ l. New TnL¥tees The board continually review the numF*r of thL#ee4 aDd tea*￿ at subscnlw to get involvd by attendi￿ managunent or Itustee M￿tIng$ to eng]re continuity 8nd a pool of people to tYpla¢e trustees wishingto retire. Ovff aperiod of time tlw learn the proo&8es of decision rnaking and are guided througb the demanth resNm51￿I11ties r￿ti￿1 of truste￿ so that in Course are willing to be fornMIty apN)anted. Obj¢etive¥ Wlld *¢tsvilk5 ObJ￿ts To advanc£ th¢ 0£ and to Fyovide QT &￿Ist in providiD8 c*Mmty h￿elS atxl (rtber fxilities for recreation orirthtr l¢igJre time xtiyities in the 11t￿P￿S of ￿la1 w¢lfate and wtth of tmproving their ￿nditI[￿ of life for the tryfit of w arwj d¢Fffived thildren and persons rydle&s of race, Colo￿ or creed. Publi¢ Benefii In the exercise oftheirFthvers Ls cknity tr* they have bad due regard to publ￿ 8UidaT￿e from the ChaTity Commi&si(m ￿ the OWion ofthe public t*nefit requir￿ and The aims of iawity aTe out kfthe Ftnefit of the [￿11¢. Achievements and perforMa￿e The BrigHouse building site was fjjlty OFrr*r0n￿ foT iKrth day and res1&rtti￿ visits throughout the academie year 2023-24 with all BCCV meml*r ￿h0o￿ making the of the 0￿door expeliences available at The BrigH￿l$e. The BCCV tnL*s held *n Pts￿- tnL*e nieetiw the acthmic year (tlMTtk you to DRB Ignite for knting these medlngs). Temly BCCV members m¢¢ting5 also w¢re 'kn pffson" m¢din8S hosted by Holt¢ S• SdK)ol with the fi￿1 memlxrs meeting ofthe ?￿d¢￿i¢ ye4rtsking place on site at The BrigH0￿. BCCV main ajm 2)23.24 to ensure that Tr BrigHouse rema1￿ fvIIy ¢4yet*l(K￿ and to ￿￿EtOr the BCCVS fnMncTal r￿ltIOn after the urKerthin times of Covid 19 tAndemic. (hjr resuyes phLS an￿￿ £*aT￿ to moDber selxN)Is enabled th¢ BCCV to mnain ruW￿laI1Y vi#bIe for the fin￿￿la1 year of 202>24. The wnua] charge to meml*r thools to coyer incrEa*d arnua] nllming costs of The Bri8House was rni*d from £1.51)) to £2,c￿ the start of the aLthic year2023.24 followitig membeTs' 4)wovai at the 2022Annu81 Geneftal Meetin& Membership of the BCCV h&8 r¢tnained stri￿& (kn s¢knl tttminated tt￿1r maDbuthip of the BCCV at the end of March 2024. There is currertly one VaLznt M¢m￿rShip. The BCCV t￿￿ have tsk¢n the opportunity to impl¢ment following plaI￿rd developments at Th¢ Bri8House site during 2023-24: Birmingham Children's Community Venture Limited TEPOrt)Yar end¢d S May 21)24 {¢o•linwed) l. The Chair's 2024 artt)ual AThrner holiday •Mdit of ¢*terlll& ek•nimzand pl•y ¢q•ipNtDt i￿j1¢ated the need fr￿ some repletiishmert of resourw l tilui￿n¢llt in adval￿t ofTr Bri8Howe re0p￿ing ts the aca￿1¢ year202&25. 2. The introththon of a r¢fvse diipos*l system wtth regular collections from a Tefuse disposal ntrdrtor. The s￿ litr¢ refi￿¢ bitL% are houxd iti a bin thed %)urees (su¢h &s insta]]atith of wl*r p*neb) lo make Tr BrigHouse building &8"8reffi" at¥1 eneryy efficient as Fwiblq this project ts tar8eted to be BCCVS key inve*mert for 202425. Ststem¢Th¢ of ¢rnst¢¢5' re4wJwlbllltle¥ The trus*¢s (who. with two ex¢eption% are al￿ directLVS of The Binningham Childr¢n'$ Communiry Venture Limited ford% purpw of¢￿panY hw) r&wrLsible for prepry Tr￿ste¢S, Annud R¢port gnd the financial ststcm*Jts in aCCird￿ with appli¢4ble14w ATh1 United KIngd￿n Gen¢rnlly A¢ceNed Aeeounting Pr4thice. Company law requires thr tru#ees t0pre￿re firnncT81 ststements for eth fi￿￿la7 year whith give a true and fair view ofthe state ofaffairs ofthe dwÉtsble cmwiy and ofthe incC￿ln8 res(wctt 4nd application of re8ouYe¢4 tncludnig the 1nLX￿e exp%TrJibJrq ofts dwi'lgble ClXDPally for that rKriod. In preparing .select witable accountiD8 tK)lici¢s aTrl the apply tIN* con$j•: - ob5erv¢ the methods and principles in the Cjwities SORP. . make judgements and estimates that are reasonable and . ststewhetherappll￿b]e UKA(tountin8 Stsndar&havelM followvi thjecttoany malerial (kpartures disclosed and expEained in financial aThJ Birmingham Children's Community Venture Limited Trnstees ￿P)rt Irar ended S 2024 (e•utinM¢d) . PTepare the financial statements OTt the goTn8 b¥is urd¢ss it is iTopproprnte to wesume that the haritable wmr*ny will c(xJtinu¢ in (Wi(ML at any time the finall¢1￿ rrf)5ition of ￿ clwitabl¢ c4ynpany and which enable them to ensure that S¢atan¢nts ￿nplY with the ComwiesArt 2￿. They aTE also re4x)nsible for safeguarding the assets of the charttable company and tsk1￿ reas(Awble sty ￿ the we￿tIOn and d&￿tIOn of fraud and iw]8Titi¢& SMALL COMPANY PROVISIONS This report has been prepared Fn accordarKe ￿ the PTOVi5ions appllcabfe to charitsble companle5 entltled to the small companies exemptiC￿. CSmith- Dirertor Birmingham Children's Community Venture Limited Independent ¢xaminer'B report to the trusteog on the unaudited fi￿ne1￿1 statements of The Birmingham Cbiknn'8 Conm?unity Venture Limite I report on the ofTr BimiTD814m Cfrildren's CoxDmunity Ntntwe Limited forth¢ yearenthd 5 May 2022 *t OUÈ on pages 2 to 13 The charty's trustezs (WI￿ are also the direikn of the CLMnpaAy for puryM)ses of ¢iThpany law) are responsÉble for the pre￿[akn of tl* The In￿ee$ CO￿Ader that an audit is not required for this year under $￿tIOn 144 of the Charities A(* 2011 (theActX and that an Inde￿de￿t examinatiim is nee(k li is my respo￿￿1b￿ty to examine the acCO￿ts under sethi(xJ 145 of the Alt to follow the FTocedures laid (k}￿ in the General Dwe£tions giva) bythe awity C(Inri￿1)n utKkr ￿10￿ 145(5)b oftheAct. and to state wkn F4rtisJ]tsrmatters have come to my attentiotL Basis of illdynde￿ ¢umb￿S 8tsteme*t CommissiotL An examitMtii)n Inc1￿]eS a wiew of the aLx￿thg recfflls kept by the ¢lwity and a comparison of the accounts prtsfflted wtth r￿d% It also i]Kluiks cortsi(kration of any Un￿Ual itons or dI￿10S1￿¢S in the al￿ seeking explanations frtKJ you as trustees ¢oncaMiT]gany such attets. The pr(th un&rtaket) do not provide all the evidenc¢ that •would k requtred in an a￿lit and cillwquently no (pinion is gtvert as to whed￿r the aL￿￿)ts Pre￿ a aDd fair view tt Teport is IiTnited to tho* Matters set out in the Swemeth below. Ind¢peDd¢nt st*leme•t (i) ￿￿oi￿￿g te¢ord8 iti accorknce with 5￿tIOn 386 of the CompniesAct 21J)6: (iii) WTr￿e a¢cow)ts and ￿Epared (n an acauals basi4 whedw tTrry fail to compty with r¢lcvant accounting requiranents ￿ secti(￿ 396 of C(Anpanies Act 21MJ6 or ar¢ not consistent with th¢ CharAti¢s SORP (FRSIIT2). November21Y24 David Thelwwlgt FCA Indepeodent ex*ml•er Keystone Ho&s4 247# Jockny S•¢tom Cddfie￿ Bf3 5XE Birmingham Children's Community Venture Limited Statement of Financial Attivities Year ended 5 May 2024 UnrnI￿1cd Totsl FMDdq 2024 Fubds 2in3 Ihcom¢ (motes 3 *lld 4) Income endowments from.. Donations and legacies Charitable A¢tivilTtsry m¢mWip joining fees CharitableActtvities• (therhire and inc•me Investment It￿ne 42.626 30J75 300 737 174 Totsl lllemie 49,663 30.549 Expendltsre (#01¢ 6) Expendltsr¢ M: Raisin8 fimds Char&tabl¢ 4diviiies 57.876 38,153 864 Tol•1 expendhures tI￿Aded 58,740 39,017 Net Ineomrfexpe4dltiv*) for the yar *lld net 1vol￿fexPe1￿jQ) hr tht ye•r Total funds broutht foTwwd (9.07D (8,468) J62 68.830 Totsl ¢arrkd forW￿d 51285 60J62 Ststement of Total Comprehensive Income Year ended 5 May 2024 l)efi¢lt forth• fin￿da1 Totsl compr•heMk* In(om• {9m7) (9JJ77) {4468) The notes on pages 9 to 12 fomi part ofthesefinantial statement& Birmingham Children's Community Venture Limited Statement of Financial Position 5 May 2024 2024 2023 Tangible assets Currert assets 14.CB2 14,946 Debtors and prepayments Cash at bank and in hand 1,496 36.679 44.867 C¥edltoYs: aft￿nts fallkng tA4th1n ofie￿r Ilet cyrvertas%•ts 38.163 46.363 Trital assets less current llabmies 19frf)I 19471 37.203 45.516 ri¢t Funds- all uftre￿rfet Accumulated (d￿tI/5￿rp1uS Designated sinking furKI for majty works in firture 51.285 60,362 18,715) 362 confi￿. 51,285 60,362 la) that for the year *ated above the conpany wa8 ¢utiÈl¢d kn the exaDpti(A) ￿￿fer￿1 by *(#ion 477 of the CompaniesAct . (b) that no nrtice beth {k￿sited at the offio ofthe c4JnFBny to wtion 476 ofthe CornpaniesAct 21Xkn req￿l[￿that an audit for t￿ye￿ ¢n¢kd 5 May 2023 {c) that the direLtors aeknowledged￿lrIc5￿?r￿$lbllItIes forconptying withthe wuiranalts ofthe C(Mnpani¢s These financ￿￿ stst•nents are Pre[A￿l in acc(thce with the provasi(w applicable to ￿au cOmp￿leS bjttt to the ￿all ¢0M￿lIeS fEgime and in with FRS102 SORP. The statements ￿tTe aPF(oved by tl¥ iKwd on November2024 ￿ si8ti&1 ￿ its kd)alf by C Smith -Dtre¢tor the note5 on pages 9t0 12 fom) part ofthese financtal statemerrt& Birmingham Children's Community Venture Limited Statement of Changes in Equity Year ended 5 May 2024 Other Income and expenditure account Total At 6 May 2022 3.830 68.830 Defidtforthe year Other CoMp￿henSlve incc¥ne forthe ￿ar". Reclassification frc*i) other reserves to in(x¥ne and wenditure account 18,4681 18.4681 15.IXi)I Totsl tompreheMl4• IM•mforthe par Is.￿￿) 13,468) 18.4681 At 5 May X123 and 6 May 202Y Defiatfor the year 362 19,0771 60,362 19,0771 Total ¢ompreho* Incomeftythepar 19,0771 19,0771 At S May 2024 {8.7151 51.285 ForYt•tend¢d 5 M*y 2024 Birmingham Children's Community Venture Limited Nol¢s to the flD*netsl ststrm¢•ts Republic of treland IFRS102) OD 16 July 2014. 1.1 ID¢omlnz re8ollTe¢ All in¢oming resources 4TE in¢lth in the *atunem of fin￿¢￿81 aLtivities when tF* cban.ty is ¢ntitled to the income or is more likely tTr￿ not to re¢¢ive tF* reg)wces and the amiMJnt on be qu8ntifJèJ with re￿ble a¢curacy. The foll¢)win8 specific policies gre •ppJied to portithcategories of irtffl]e'. Voluntary ir&ome re4xived by way of and gift5 and is i1￿1￿ in full in ts statsment of financial arti￿ltIeS when rtteivabl& GtXTts wlrre ¢ntitlan¢nt Is not conditiond on the delivery of a wifi¢ perfoman¢¢ by the charity, are rwised when the charity ￿Nn¢S unc(￿dItionallY entit]ed to the gra￿. Donated 5¢ryices and facjliti¢s are Inclu￿ at value to the clTrarity where this can be quantifi Tr Val￿ of seTvices provided by volunteers has n(rt iY4) included but is Th￿ed in the tnths repo In¢ikne fran investhients r￿r¢￿ting bat* intewe# is i￿luded in the y¢Ar in which it is r¢¢eivable. Joinin8 fees aTV not refundable and are ￿Y￿ble a %hool wishe8 to knibe to use the facijilies for residential eXw]e￿¢S in oth io deliver tl* curriculw. Annua] jubxrlF￿ are ￿y￿ble at the stsrt of the year and cover the ￿ of the Bri8House for a ycific numlxr of days over the xademic yar subJ￿t to the te￿5 and condition* B(rth a￿ reco￿1￿￿ (m the earlier of dale of invoice orim wipL No of the 8nnu•l membership is ttfimdable. IJ Expe*dltwre Expenditure is re¢o8nised on an a¢¢n￿l basi$ as a liabilty is i￿llred whith is wF*Jr it is mtye likely than not that the￿ is a legal IX constrictive ob1i8atit￿ c(fomitttn8 the clty to py resrAfC*S and amount can EXp￿ditUre includes any VAT whi¢h fully and is rqh)rted as of thB expenditwe to whi¢h it ￿181 Costs of 8enernting fijnds L￿?￿lse any cogts awcnled attraain8 vohm* int￿ne or rn fimditi¥. Generally thtrc is no direct c(k8t as tnmteos give their tllne to seek ￿. Charitable eX￿ditUre comwisesthw Costs i￿ul￿j by thecharity in the delivery of its activitiesand service for its benefi¢iaries. It includes bLrth Costs that can Ee all¢xzted dir¢(*ty to such 41tivities and those ￿sts of an Support costs are those ¢i&s ity]ire¢dy Ir￿urre4￿ in Wtin8 the on the objects of the charity. Governan￿ costs ¢{￿priSe all ¢O*s Involvll￿ publi¢ aLYthmtthtity of the clxrlty and its compiiaTKe wilh reguhtion and gwd prnL*se 1.4 Tan8lble flx¢d *$8¢ts ••d deprtttsiw) Tan￿b]e fix￿1&$8¢tsare stated at C05t less 8ccumuW lkwxiatl￿. DepTeci*ion isprovxled at rates calculated to WTite offthe cost le&8 reS1th￿ Val￿ of e*h asset ovtr its expthl ￿eful ljfe. as follows: Leasehold prot*rties Stiaitht line overthe lift of the ka￿ (5 years) Fixtu￿4 ffttings and eqlliF￿eth . 2(W. strw line ForYe*rended S May 2024 Birmingham Children's Community Venture Limited Notts ts the fim*viil slat¢mexts {eMliAued) I V￿￿Tr￿ry iwomt {xll umr¢8trkted) Alfred L¢adbeater Th William Cadiw Th￿t Ineowe Ihm ¢h*rftabk athi Amiual monbuship fees 42.626 28,950 3(Ki 42.926 28.950 3. IDv¢8tmeBt lJ¢ome (*ll uDre#rkthd) 21n3 2023 Bank interest ￿1Vable 737 174 4 Expeudltsre 2ill4 2023 C*eratin8 Bri88 House: Estsblishment costs rat4 powrr, insurance Repairs.maintenano and ntt)niD8 costs 15.083 Sunthy costs 15.705 26.008 16.026 Totsl Op￿1￿8 ¢05ts tkpre¢iknon and irth¢ram(Nmts writ*n off*ibl¢ fixol 57.874 38.153 864 Totsl exFonditwY 58.738 39,017 Within s• and admin co*s aye govern￿ cost 948 5 Awdge numberofemplryftts The avera8e numberof persons eM￿0￿d bythe tharltsble company duri￿ the ￿ar was Nil12023.' Nil). Birmingham Children's Community Venture Limited Foryearended 5 Pth2024 Notes to the h•aeknl (com¢tm•ts 6 Tan￿le assets Land and buildirgs Plant and machinery Total Co# At 6 May 2023 and 5 2024 476.102 33.697 At6 May2023 Charge At S May 2024 476.102 18.751 494,853 864 476.102 19,615 495.717 Carrying amcwnt At S May 2024 At 5 May 2023 I4￿2 14.946 14.CQ2 14,946 li Birmingham Children's Community Venture Limited 7 D•btors 2024 2023 Other debtor5 1.496 For Y•ar •nded 5 May 2024 NO￿ to the fi•*neA•l ststeme4ts {eMthwed 8 Cr•d1￿1S.. •mounts lalUn8 oney•ar 2024 2023 cruats 960 947