REGISTERED COMPANY NUMBER: 01443289 (England and Waks) REGISTERED CHARITY NUMBER: 278673 REPORT OF THE TRusfEES AND UTr4AUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BLUEBERRY WELLBEING LTD {A CObfPANY LIMITED BY GUARAPffEE) Mccabe Ford William5 Chartered Accountants Charlton House Dour Street IK)VER Kent cr16 IBL
BLUEBERRY WELLBEINC LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2025 Page Referen£¢ and Adminis¢rntiv¢ Details RerI of tbe Trust¢es 2 to 8 Jndependent Examiner's Report StstemeDt of Financial Activities 10 Balance Shttt 11 tt) 12 Notes to the Financial Statejnents 13 to 19 Detailed Statement ofFinancial Activities 20
BLUEBERRY WELlE1NG LTD REFERENCE AND ADMINisfRATtVE DETAILS FOR THE YEAR EF4DED 31 MARCH 202S TRUSTEES Ms E J Boyce Ms N M Thom&s G A Thom&s COMPANY SECRETARY Ms N M Thoma8 REGISTERED OFFICE Chanllel Busine55 Centr¢ gl¢s Manor Casde Hill Avenue FOLKESTONE K¢nt CT20 2RD REGISTERED COMPANY NUMBER 01443289 (England Wala8) REGISTERED CHARITY NUMBER 278673 INDEPENDENT EXAMINER Mccabe Ford Williams Clrtered AccoulltaDts Charlton House Dour Street cr16 IBL Page I
BLUEBERRY WELLBEING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who aE also dire¢tots of the dwity for the pwpos&s of the C(wanies Act 2006, present their report with the fancial statements of tbe charity for the year ended 31 March 2025. The bustees have adopted the wivisions of Accounting and Reporting by Charities.. Ststement of Recornmended Practice applicable to rjwities Preparing their ac¢ounts in accordance with the Financial Reporting Standard applicabk in the UK and Republic of Ireland (FRS 102) (effective l janll 2019). OBJEcfivEs AND ACTtVlTIES FrIC1paI aetivitie5 To promole the positive mental health, wellbeing and development of children and wple tILrough all and arAy means both preventative and restorative. to includ¢, but not limikd to, educatio therapy I counsellillg, physical activity. social skills, lingllisti¢ and commutiicatioD ¢widunenL emotional suppor4 parental engagement and supporL Public benefit The Tru5t¢e5 have had due regard for th¢ public benefit guidance published by the (Jwity conllllim)n. FINANCIAL REVIEW Financial position Headllttes - The charity continues to meet goals on improving ¢hildren and young people's (CYP) tnental health thrnu use of the naturdl ¢nvironmenL support of Deaf CYP, the use of uyative arts, and educattug and supporting parents to d¢velop strong attachmeni relationship5 With their children. lu additio the board has agr to explore a new focus on supporting ChildTen in care (LAC) and to remove psycho-ethication, for the time bein& a% a lljain strand. While these areas aTe the main fo¢* stran(Ls of the Charity doDatiOllg our broad objective a]low for th¢ fl¢xibality. - DIationS have been given to East Kent Equine Therapy aJKI Learni sgeOn4 Ni¢ Acres. Buddy Woven, Auditory Verbal UK Papyrns, London Youth Rowing and Deaf Action. - The Charity rernait completely selF-fidItig and no fiwds or donatioTrs Imye been received from the general public. NGOS or governmental organisatiolls. - Investments have showll h¢althy relurn providit]g regu]ar income the ¢hJrity. Additional fidS released from Charitgs solicitor Te¢5 Laiv (held in escrow account for promototrs pla1]ll8 rMiSsion costs) has invested in a high interest account. Interest from additional savings Xc0n have enabled additional funds for donations in this financial year. - Following intense, time consumin& egOtiatiOnS the the1]ng and Sales Strategy was fin&lis¢d ond the fujal trgnche of land, Area 3 - Elvington tane, was placed on the open market on 7th May 2024. A buyer was agreed upon following four offets, subsequent intenriews and negotiations of the'Heads of Terms,, which were fmally ad on 16th DecembeT 2024. The sale is currently proceeding with completion date of no later than I Ith January 2026. Ch8ri Devclo meDt The obj5 of the charity are.. - "To prornote th¢ positive mental bealtty wellbeing and d¢v¢lopmenl of chil(ken and young people through all arnd any means both preventative alld restordtive. to in¢lude, but not IiE]Lited to. psycho4dllcation, therapY1¢(MselIing, physical activity. social skills, linguislic and communtcation enriclJmen4 emotional pontaI engagement and supp)rL" This was aeed by th¢ Clwity Commission on Septsmber 11th 2021. In light of the broad objects ihe lrnstees felt that the focus of the clwitys cent level of donations would be best used thi'ollgh tsrgeting more specific arets thought to be most beneficial in 5UPPOrting the ental health and wellbeing of hildren and young people (CYP). However. these goal areaslstrands are fluid and can be cxtended. added to or changed as ihe trustees see fit. There is also the capacity to 5UPPOrt one-off donations so long tbe origitth] objects of the ch.ity are met. The strands originally id¢ntified were: l. Usc of the natural environment 2. Psychfredu¢ation 3. Supporting parentslcarer3 to d¢v¢lop stn)ng attathment relationships with their CYPS. Page 2
BLUEBERRY WELLBEING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Projects hav¢ continued to be identified within CICS and Chariti&s whicb could supp)rt th¢s¢ spe¢ifie goal areas from the Charitys objects. The strand8 ar¢ ¢YJD5tanlly under revtew alld the following directi15 weTe approved Jnoving forward.. A fourth fO¢S area was agreed at the end of the fCial year 2023r2024' to SpOrt deaf children and young people. This is due to the v¢ry high prevalence of mental healt14 in the (kAf Wulatio 30-60'/4 which is caused through isolation, communication problems and eaTly attachment issues. Additionalty, Niwl Thomas has pmfessional exixrtise tn this aJea as a qualified Teacher of thc Deaf and PsychotherapisL DuTing this financial year. following the success of donatious for an after s¢hool creative arts group and sununer school given to Woven to support CYP from a highly deprived are4 it was decided to incotTrorate an additio8] strand supportnig CYP through the (¥eative arts. Fwther donations were given to Woven additional projects and charities will be sought. Additionally, an illitial Step w&5 nude towards supporting CYP iti care by woviding bad( packs for CYP vkno. often at short noti¢¢ and in distressing crcumsiances. have to leave their family or move to a new care provider. During the move the CYPS belongings are often l¢ft behind and lost causing further nental distr¢ss with links to the past and eomforting objects Vdnish¢d. This increases feelings of abandonmen( helplessness. loneliness and lack of attaclMn¢Dt. A donation was given to Buddy ba. A new strand focusing on LAC wnd YP will be fithher develOd when increased fundll)g is available. While the charity ha8 supported tbe Psycho-ethJcAtion Strat through diffemt ljeCts it was felt that the focus of the drIty'S work. foT th¢ tiTn¢ bein& would trKst meet the mental heaIth needs of CYP througlL the other focu5 strands. On¢¢ further funding becomes available through the land sale this could be revie? It agreed at the board meeting on 13th October 2024 the following styaD(Lsl&spects Woul cuendY best n)eet the overdll goal of supporting the Mental He&]th ond Wellbeing of CYP: - Use of the outdoors for nurnIng of CYP positive health mental and Wellbeing - Development of positive attachment r¢lionships betr¢¢n CYP and familT85 - Sllpporting the mental health of deaf CYP - Using treaiive arts to support CYP rnentat health aDd iYellbeiDg - Siipporting the mental health and wellbeing of LAC CYP. The focus strands of the charity are reviewed anttually. Doiiations The charity donated £80,860 in total during the fllmncial year 2024-2025. Fullds for donation are received quarterly from investments at Banit and Cooke stockbrokeTs. Additional montes foT donation were received through interest Teceived from maturdtion of a saviDgs account and the late cleariDg of th)Dations to Woven at the end of the fjnancial year 23124. Generally, donations are given to Charities and CICS wher¢ monies arc ringfenced to focus on specific activitieslprojects which are always c103ety aligned ivith Eoais from the ChariWs objects identified above." thes¢ ore initially ertained in discu5si0n with the organisation and clarified through the Blueb¢rtys application forni. However, there is a150 flexibility in donating activitie5 alld $aller donations are given io charities with one clearly ideiitified Specific focus such as papYn w)d Buddy Bags,. providing that the work of the charity fits the objects of Blueberry. Over the financial year 202412025 money wds donated to East KeDt Equine Therapy and LKarnin& Spurgeons, Nllie Acres, Woven, AVUK, London Roiying Club, Papyrus. Buddy Bags and DeafAdio - East Kent Equlne Therapy and IArnSn8 CIC Strand - use of outdoor5 The ongoin¥ work boing ¢WTied out at 4ables is equine lSted theraFuti¢ swiport. The tsrget group5 Wtht Y6 transition sttidents who have a diagnosis or shoiv sign5 of ASD. Local schools weT¢ approa¢hed by the projcci lead and children identified who m¢t the ¢riteTia and who edu¢otiot)al proft5sionals believed would benefit from this intervention were sel¢¢t¢d. During the year £7.400 ivas granted to this charity.
BLUEBERRY WELLBEING LTD REPORT OF THE TRUSTEES FOR THE YEAR EP4DED 31 MARCH 2025 - Spurgeons Cbarlty Ihttps:11spurgeons.org) - Str8nd- AttacbmeDt The trustees consider this an ideal tharity to receive don8ti0rt8 due to their focus on the mental health of children and young people prolidillg counsellin& falnily $upport workers. parenting Co15 two preschool groups. The Charity support5 parents to build positive att8chJnet with their chilthen both with online courses md session work with vulnerable famllies face to face. It W&8 aeed with Sthrgeons that mon¢y donated would be rInenced to support disadvantaged families with young children through the falnily work¢rs leam. lkning the year £15,(M)O was granted to this charity. Nine A¢r¢5 project - Strfind - Use of the Outdotsrs Highworth SchtK)I received a grant to enable two Slllall groups of YPS ewicnciDg high levels of anxiety to have weekly sessions at Nine Acres, a local outdoor resou¢, that uses the ¢)utdwrs and naiure to facilitate wellbeing and self-awareness leading tr> the reduction of anxiety and prevenÉion of school refi1. The gTOUPS take place throughout thé academic year alld diff¢rent 0up5 of YPS are selecied ea¢b balf ter. AccotdiDg to need so]ne bave tbeir time in group extended. During the year £6200 w&4 granted to this proje¢L - Wove Strand- Creative arts Thi$ is a ¢hurch Charity that works with disadvantaged dllldren in one of th¢ vnost (kprived are&s in Nottingkn. Two separate donations proYid&l support for an after school creative club and a summer school respectively. The youth worker team $PportS the mental health and wellbetng for local CYPS bh through the tiVItieS but also through building supportive relationships with the CYPS and their fymilies. During the yw £20,0(M) was grant¢d ¢0 this Charity. . AVUK - Strind- Development of attachment rel¥Jtionships and supporting DealCYP This charity supports the deyelopment of oral lawage aDd COrnrnUDication of very young deaf children through supporting. guiding and educating parents to atlune to their deaf child's ne provide casing, etLcouraging relationships in linguistically rich, play based environments. Thereby SLrpportiDg the developrnent of p(>sitive attachtnent i"elationships between parents and their deaf child througb comrnunication and play. tkning the year £15.000 was granted to this charity. - London Youtb Rowing Strand- use of the outdoors During the COUTse of the year Nicol Thomas had received inforniation atrf)ut from all orgdnisation 'London Youth Rowng, which proyides rowing progrnnmes for disadvantaged YPS to 'iThprove their physical, 50¢i21, Tnentsl well-being,. Thi5 15 ¢oD$id¢red a good fit for the strand of using the (Mttdoors and ysical activity to prornote mental health Bnd well-being. Nicol Thomas made initial contact and. following completion of the 4)plication fomi, a donation was made which provided ind(bor and on water rowing courses for groups of disadvantsged CYP and the purchase of two rowing machine5 to 511PPOrt these courses. DuTing the year £4.260 was anted to this organisation. - Deaf AetioD Strand- Use of the outdoors and support of D¢arcYp Ikaf Action is n]n by Deaf people for Deaf people of all ages. Their youth sectioa wovides a mother and toddler group, a youth club and su]nmer school amongst other activities. Following an inittal contact with a youth leader it was agTe¢d that Blueberry would donate lo support the yearty summer outward tM)und trip. During the year £5,000 was grdntd to SUPPOrt the trip. - Buddy Bags Str¥nd- Support for LAC Following Emma Boyce's suggestion regatding a new strand to support CYPS in w¢ (LAC) with On inTtial fw5t step to donate to a charity that provides suitcases for CYPS moving withirj cAr¢ or leaving ca]r. given that CYP'S vital pSOnal possessions are often mislaid during the move leading to additional distress often, highly trauntiC cirallnStanc¢5. Though the trustees were unable to find a tharity that provided suitcase5 Buddy Bags were identified as a good fit. providing a backpack for CYP tK)th for personal iKJ&se&8ions and additionaL age appr(Trprial¢, pr&ical and wmfort Fiving itetns. During the year £3,0(K) was grdnled to this ¢harity. Page 4
BLUEBERRY WELLBEING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCU 2025 - Pgpyrus Ceneral support for the mentsl health of CYP This charity provides a lifeline io CYP who are experiencitig suicidal thoughts. Their telephone eall centre provides professional supwjrt athd help to CYP5 who are in extrem¢ distress. Bluebery pr¢viously dojjated to this charity and Nicol Thomas received a communication to say there was a high possibility thi5 Vital Help line would have to shut dowi (lue io lack of ttds and the decision w&s made to provide a doDatioii. Durin8 the yeat £5,000 w&% gtanted to this charity. FirRances and Investment ate - Overvie The chaTity accounts r¢main healthy. Regular in¢0e is provided thTough iThve51ments enabling a significant level of donations to b¢ made. A Contingency knd is maintained in and sayin x£ounts for chority n1tin1 costs. unexpected costs that may occur through the process of obtaining plam)ing pemiission ad the subsequ¢J)t sale of the ATea 3 tt also with a view io funding larger projects in the future. Charity ¢05ts are minimal" primarlly due to having no employees. M¢Cabe Ford Williams will undertak¢ an Independent Examination of the Charitys 2024r2025 accollntg. - Investments The BarrY¢tt and Cooke portfolio end of year valuations coincided with a highly unfortunate set ol fiscal events created by the actions of current American Presidency. 'Likration daY occurred on the 2nd April 2025 with stock ]nark¢t$ going into freefall. The quarterty valuation of Blueberry's shar¢ portfolio was dated 5th April 2025 was therefore disappointing with a loss 0£ appr(Trxirnat¢ly. £120,000 from the January valuation. It is ho tbal in the short iernj, a level of sanity will prevail at the source of such global ecollofflic uncertainty atMI cha05 and the aiarity's investment portfolio will re£overl Contingency fund5 remain in a 3241ay notice account with an inlerest rate of 2.6%. It was agreed these ffijnds needed to be held in reserve and be easily acwsiTrl¢ Should any legal or other issues occw with the planning application process that incu]Ted Yignificanl costs. Once the sale o(Area 3 has been surcessfully Mpleted the Lloyds 32-day notice period a¢¢ount will be closed and the funds reinvested or used for grdnt m8J(in& Further to Blueberry WelliIng Ltd ix)aTd of Trustees requirement in the first 'Ded of Variation, tkan Lewis Estatcs (2910912023). the £150.000 held in 8n escrow account at Te¢s Law to cover the costs of obtaining planning perniission on Area 3 WLS released. This money. plS additional fijnds, wthe invested in a Lloyds fixed rate savings account which eJTTJ5 5.080/0 Interest and will matwe on 14th FebTU2ry 2025. The additional fiu)ds accwed from the ujterest on the fjxed raie savings accounts lJ&s been used for additional projects to fNrther the Clthrity's goa]s. 'fhe high savings ratc aehieved previollsty have drop due io The Bat]k of Engknd steadily reducing their iThl¢r¢51 rat¢. 14ow¢ver. sayings accounts decellt returns remain available and monies we currently being reillvested. PlanDing Perniission and sale of Area 3- Elvillgton - Ba¢kground Histori¢ally this Charity was set up in 1979 to pmvide an Outward B0d Cthtre for disadvantaged children. tand and the officerfs mess (part of the Hawkinge Airfield) was purchased to provide this facility. The Centre rnn suc¢essfiJlly for a fei¥ years howcver finallcially it became untenable. The Charity Commi%sion agreed that Hawkinge Activity aiid Adventure Centre (HAAC,. as the charity wos known hisioTically) would bewme a dispensing charity. The village of lJawkinge wa5 being developed at that stage so with planning perniission for h(Ktsing the land could provide valuable funds for the Charity. The land w&% divided into 3 ttanches and Area l aud 2 were sold. All debts ivere paid and, following the sale of Arca 2. the charity was left with a silf1¢ant b)ost to fillmjs which w¢re invested to Provide a TegJlar illcome to dispense grat]ts to support the mental health and wellbeing of cbilthen and young people. Page 5
BLUEBERRY WELLBEING LTD REPORT OF THK TRL.STEES FOR THE YEAR ENDED 31 MARCH 2025 - Promotion agreement witb Dea tkWi5 Estates Bluebery Wellbeing Ltd (HAAC) h&$ an ongoing promotion weemcnt with De8n tthvis Eststes cfhe Promotor) to obiain Satisfactory Pla]]ning PernJi5sion for Area 3 which was stg)ed oll 18th M8rch 2018. Once pla]]ning pemhission is obtained the land is be sold tg provide fither grant making funds for the charity. The pro$ for obtaining planning permission was commenced around January 2021. nearty 3 ye•ars after the promotiort aeement was signed. The application submitted 23rd December 2021. The delay meant the lapse Date and Extended Lapse Date paed. The Lapse of the Prtsrnotion Agreement M&t that the charity could have ended its relationship with the PromotOT (Dean Lewis Estates) and the Land Agent (Hobbs Pther), bowevcr it decided that the sale of the land and the possible ongoing need to maintain the plat18 perniission on Area 3 would be facilitated througb colltinuillg to use the agents who had been involved for 7 years. H¢nc¢ a se1,Dd of Vaiation, was agreed with D¢an iwi5 Estates and signed on 28th March 2024. The second Deed of Variation exprwly states that shou]d a sh(Nlld a sa]¢ )1 completed by 5th Febnwy 2028 The Promotion Agreement, with Dean L¢wi5 Estate5 will lapse. The second D¢¢d of Variation, also lays out a higbly streamlined 'Sales MatketiDg Proces5, which th¢ Trustees negotiated to prevent prospective purchasers renegiD8 on their initial comrntttneiits whieh could be detrimenta] for the clwity. The Deed was llegotiated with th¢ advice from the tharitys solicitors: Tee5 Law. - Update marketlng and Mle ofArea 3, Ehlgton 14ne. Hawking The Charity land at ElvInOn Road, Hawkinge cowiw 12.9 A¢rts. Part of the ]and is to be donated to The Hawkingc Battle of Britain Museum (KBOBM). as part of the Grant of Planning Pennission agreemenl qth Folke$tone d Hythe Planning Council, for expaJLsion (2.69 Acres). Part of the land h&8 a covenomt which restricts its usage to social and recreational purposts. This area will PTovide outdoor wreational space {2.2 Acres) and an overfiow carpark for the KBOBM (1.2 Acres). The development land extends to 8 Acres and has PlarLning Pern)ission for 110 houses. A prospective PEtrchaser has been cbosell and llegotiatioll5 have been cotDpleted oll agreeing the'Heads of Tenns, for the sale. In light of the tmStee5 pr¢vious ¢wri¢n¢¢5 selling development la]Ki they have been strlligent in their requirements of the buyer; setting strict titne IitLes for Colljpletlo sitlluLtalleous exdnge and completion for the total amoutht offered with no staggered payrnBnts, the purchaser to buy the whole pi¢¢e of land, Do negotiatlOD the original off¢T price. and a legal undertaking to pay the charity's legal and CtrLarity cOnlS510n Sl19 valuation report costs should they faiI to complete within the tijne frame, fail to pay the fi1 asking price or withdraw from the sale for any other reason. All legal negotiations have been undertaken with advice from the Charitys solicitors. Tees Law. Both the Solicitors and agent have been itL8lructed to provide all updates as the sale proceeds. The completion date is on or before I lth January 2026. The negotiations have been difficulL stressfjJl and very time consuming lo enable the best i)utcome for Blueberry Wellbeing Ltd to continue to suppor¢ and to hugely incre8s¢, the work I111g corried out to achieve positive mental health tsut¢o]nes for children and young people. BoArd of Trllslees Board Composition CutTently the board is well balan¢¢d with skilled practitioner5 experienced in nnts1 h¢altl4 Deafn¢s% psychoth¢rdPy, educatioll, accounting. finance& commercial real &8late, organisational sttucture. comtnunication, HR. business and charity govemanee. The llokeup of the board will be tevisited in the next fujancial yw to ensure its skill set meets tthy new cha]lenge5 and to ensure required twstee ttunover. Consideration of best timings ofboard meetings Following a further di5CU53ion regarding board meetings ID fvture yews it was aged that the best time lo hold the AGM would be in MaylJune, rather than April. This would enable enough lime for the final E4nd of Year aceoiints and Trnstee's end of year report to be ¢ornpiled and sent to the Charitys accountants Mccabe ford Williains and for thern to undertake the Independent #iatIon of the accounts after the end of the finaDcial year so that a comprehensive picture of fanceS and charity a¢tiviti¢s of the previou5 year could be reviewed and furtkr inform the work of the charity for the current financial year at the AGM. There will then be an Extraordtnary General Meeting held in Ikcemb¢r to review progre5S OE] the ChariW5 Ivotk in the curreut finallcial )rar and to plan for t]1¢ final quart¢r of the year. Page 6
BLUEBERRY WELLBEING LTD REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 In prepardtion to realT Tnedings in this financial year with the proposed future plan this. additional. EGM has taken place in t)ecember. The next meeting will be the AGM to thke ple in June 2025. The followitjg meeting will take place in December 2025. both of these meetings will take place drll the next finallcial year 2025r2026. Overvie The year ha5 been highly w¢s5fUl for the charity in supporting tbe promotion of positive mental health in children and young people through a y]ety of goal areas, provid by the chos¢n organisation4 believed by the InteeS to offer th¢ best opportunity for suc¢ek8fid outsomes. Th¢ tharity remains well fimded alld will continue to se¢k ou¢ th8Titi¢s and organIli0nS that ffijrther etthance and develop the objectives of Bluekny Welllg LtsL Investment polKy and objeetives Following research of invlent option5 in order to produce an income fw charity. invesbnents have been m2de through a nationally recognised reputable company established in 1880 and registered with the FSA and The London Stock Exchange. Income from these invdthents will •thaD¢¢ the s¢oF¢ of (knationg to be made a8 a dispensing clwity as approved by the Charity CornTnis5iOD. As at the end, listed fixed inveslments held by the ¢lwity w¢r¢ valu¢d •t £1.775.920 a] current assei investments at £44,987 . Reserves policy The charity had total Tesetves of £6.677.633 (2024 - £6.849.988X of which £4,274,889 (2024 - £4,114,889) lateS to the property revaluation firnd which is not distributable until r¢aliseiL There w¢ r¢slTiQted OT desited reserves held by the charity. Members, liability The Members of the company guarantee to CA)ntrAbute an amount not exceeding £1 to the a%sets of the company in the event of winding up. FUTURE PLANS Planning for the Future Str¥t¢gic Development The Charity will continue to focu5 on specific targetcd arfas which are considered to be most beneficial for tbe prornotion of well-being and the ameliordlion of mental health issues for chikken and YP. - Attachment work with families of young children, - Psychoeducation courses tar8eted at yOtJllg people with a view to Inc$108teir ulldetstanditig of mental health issues alld the development of strategi¢s to Tnanage then4 - Usillg the natural environment as a tool to improve Children arnd young people's mental health. - Supporting conmimication dev¢lopnwit and positive tatI)Mellt relationships for deaf childte Inei'ease41 funds from IAnd s#le The trustees have had previous experience with selling the CIMrity Iand on two occasions. NeitheT lime proved to be straightforward or rapidl Alongside guidan¢e from ¢h¢ a]aritys solicitOTS the trustees negotiated n¢iv temis in the second 'Deed of Vari*ion' (28103r2024) that should make this sale pri)cess l&%$ likely io be c4)mplex or delayed, however it l5 not possibl¢ to plan for every eYentua]ity and until the sale is completed with new fi]nds saf¢ly trdnsferred into the Charity's baTr)k account the tsustees remain constrained in their eXptIonS of an uncomplicated, speedy oiitcotne. Despite this it will be important to mak¢ contingew plans for the future on¢e th¢ s&1¢ ha5 ¢omple¢¢d. Plans will be made around investments, contingency thnds, yearly budgets for grant n]akÈn& additional areas of focus. wible larger proje¢t$, auounting changes. size skill set of tbe bwd. organisational struCty. Page 7
BLUEBERRY WELLBEING LTD REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED 31 MARCH 2025 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing dotllmeRt The charity is controlled by its governing documenl a deed of w and ¢oll*itytes a limited ¢ompouy, limited by gllaTantee, as defined by the Companies Act 20(kS. Reeriiitment and appOintent of new truste The managefflent of th¢ tharity is the resw>nsibiIity of the Tnthees who are dec&d and co-opted under the tenLs of the Trust deed. Approved by order of th¢ boaTd of tneeS on ... Z 0£ 2£b ES sigued on its behalf by. Thomas- Tnjstee Page 8
IIYDEPENDENf EXAmER's REPORT TO THE TRUSTELS OF BLUEBERRY WELLBEING LTD Independent examitter's report to the tntstets ofBlueberry Wellbelng Lld Cthe Company) I report to the ¢l]atity tNstees on my examination of the accounts of the Company forthe year ended 31 M8rch 2025. Respowibilitios and ba$is ocreport As the clority's tn]stees of the Company (and a]so its directOTS for the purpw of company law) you are responsible for the pr¢paralion of the accounts in ar¢ordance with the requirements of the Compani£5 Att 2006 Cth¢ 2fy)6 Acy). Having satlsfied myself that the accounts of the Company are not required to be audited uttder Part 16 of the 2006 Act and are eligible for independent examination, I report in respect olmy exarnination of your charlS aount8 as Carried out under Section 145 of the Charities Act 2011 Cthe 2011 A¢f). In carrying out my examination I have followed the Directions given by the Chartty Commission under Section 145(5) (b) of the 2011 ACL InilepeDdent examiner's statement I have cornplet my examination. I confm that no n)atters have Con to my attention in eonnection with the examination giving me cause to believe.. accounting Tecords were not kept in respect of the Company Ls tequited by Section 386 of the 2006 Act" OT the accounts do not accord with those records. or the accounts do not comply with the atcoullting requirements of StIOn 396 of the 2006 Act other than any requirement that the accounts give a lrne and fair view whid) is not a matter considered as part of an independent exan)ination' or the accounts have not been prepared in accordance with the methods amd principles of the Stement of Recomtnended Prdctice for ac£ounling and reporting by chaTities (applicable to eh2rities pr¢paTing their accounts in accordance with the FinaTLcial Reporting Standard 8pplicabl¢ in the UK and Republic of Ireland (FRS 102)). I have Do concerns and have Con across no other matters in wnnection with the exaTDination to which attention should be drawn in this rep)rt in order to enable a proper understa[18 of tbe acco to b¢rehea. Jonathan Fullarton Bsc (Hons) FCA M¢Cabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 IBL Page 9
BLUEBERRY WELLBEING LTD srATEMETrrr OF FLYNcIAL ACTIVITIES ONCORPORATING AN IYCOME AND EXPEhT)ITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Unrestrithd ffimds 31.324 Total nds INCOIIIE AND Ef4DOWMENTS FROM Investment income 63,880 54,238 EXPETr4DTfuRE ON Raising funds 64S 675 Charithble aetlvltles Pmmotion of wel1belg 93,157 66,956 Totsl 93.802 67,631 Net gainsl(105ses) on iDV¢Stments {142,433) 3,939,938 NET INCOMEJ{EXPENDITURE) {172,355) 3,926,545 RECONCILIATION OF FUNDS Total fiS brought fonvard 6.849,988 2.923,443 TOTAL Fuf4DS CARRIED FORWARD 6,677,633 6,849,988 The notes fom) part olthese financial Statements Page 10
BLUEBERRY WELLBEING LTD BAkniNCE SHEEr 31 MARCH 21125 31.3.25 Unrestricte4 31.3.24 Total FIXED ASSETS Tan711¢ assets Investments InYeslment$ IllY¢stment property 267 91 io li 1.775,920 4,500,0(M) ,951,507 4,500,OIX) 6,276,187 6.451,598 CURRENT ASSETS Debtors Investments Cash at bank 12 13 163 44,987 358,256 509 29,056 370,595 403,406 400,160 CREDITORS Amounts falling due withiu on¢ year 14 {1.960) (1.770) NET CURRENT ASSETS 401,446 398,390 TOTAL ASSETS LE&S CURRENT LIABILITIES 6.677.633 6,849,988 NET ASSETS 6,677,633 6,849,988 FUIYDS Unrestricted fimds Is 6,677.633 6,849,988 TOTAL FUNDS 6.677,633 6,849,988 The charitable company is entitled to exemption from audii UtKier Section 477 of the CompleS Act 2006 for the year ended 31 March 2025. The members have not required th¢ conipaTry t(Tr obthin an audit of its financial ststements for the year ended 31 March 2025 in ac¢ordan¢e with Section 476 of the Companies Act 2006. The trustees acknowledge their reswnsibilities for (a) onsuring that the charitable company keeps accoulltiDg records that cornply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a tsue and fair view of the state of atrairs of the charitable cornpaDy as at the end of each fmancial Y and of its surplus or defirit for financial year in accordance wilh (he requirements of Sections 394 and 395 and which othenvise comply with the reqllireTnents of the Cornpanies Act 2006 re1Ing to fjnancial Statements, so far as applicable the Charitable company. (b) The notes forni part ofthese financi81 stAtemeDts Page I c(Jntinued...
BLUEBERRY WELLBEING LTD BALANCE SHEET- eotttinued 31 MARCH 2025 These finan¢i41 statements have been pwared in accordance with the pIsiS applicabk to charitable ci)mponies subject to the sllll compatktes regirne. Th¢ ial state nts were approved by the Bo&rf of TnLStees and authorised for issue wer¢ signed on its behalf by: GA Tho - TNsle The notes forn] part of these fmancial statunents Page 12
BLUEBERRY WELLBEING LTD NOTES TO THE FINANCIAL sfATEMENIS FOR THE YEAR ENDED 31 MARCH 2025 STATUTORY INFORMATION Bluebeny Wellbeing Ltd is a charitable company. i1[led by guarantee, registered in Fngland and Wales. Th¢ companys registered number and gIstered office addr¢ss be fourrfl orj the Reference and Administrative Detai15 page. ACCOUNTING POLICIES BAS of preparing tbe fwancial statements The fu01a1 statement5 of the charitsble company. which is a public Frtnefft entity under FRS 102. have been prepared in accordan¢e with the Chariti¢s SORP (FRS 102) 'AccounLll)g and Reporting by Charities.. Statement of RecomTn¢nded Practice appli¢able to clwiues preparing their COUnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Janu8ry 2019),, Financial Rep)rting Standard 102 Yhe Fitwcial Reporting Standard applicable in the UK and Republi¢ of Ireland, and the Compatiies Aci 2006. The financlal statefflents have prepared the hislorical cost eonvention, with the exception of investments which &r¢ included at market Vdtue. as modified by the revaluation of certain a8s¢ts. The financial stements are presented in sÈerling which 15 the fiuhctM)nai currellcy at¥J is rounded to the nearest £1. The financial ststements have ten prepared on a going con¢ern basis and there are n]aterial U[rtaItic8 that cast significant doubt ort the CharlS ability to continue &8 a goillg c(Mccm. Income All income is recogtiised in the Statement of Finattcial Activities onc¢ the charity has entitlement to the Ojnds, it is probable that the income will be Ctived aDd the amount Can be nMsured reliably. Eipendlture Liabilities are recognised as pendIture as WOD &s there is a leg81 or ¢on51ructive obligation committing tbe charity to thai expendIre, it Is probable that a transfer of ¢conomi¢ benefits will be required in settlement and the atnounl of the obligation can be rnea5UFed reliably. Expenditt]re is atcount¢d for on an wcrnals ba515 and has been Classified under headings that aggregate all cosi ttlated to the category. Where costs cannot be directly altributed to particul8J headings tw hav¢ been all(atrd to activities on a basis consistent with the use of resources. GraMts pb]e are chatEed in the year Wh the offer is made except in those ¢a5¢5 where the offer is conditional, such grants being reco11Sed Is expendtture when th¢ conditkons attached are thifilled. GrAnts offered subject to conditions which bave llot been the year end date are noted Ls a ¢oll]mitment but not rued as eXnd1e. Taiigible red assets Depreciation is provided at the folloiving annual rates in Order to Tite off each agset oveT its ¢stiTned useful lifr. Office equipment 25Ya on ¢ost Investrnent property Investment property is Shown at TTh)St Tt valuation. Any aggregate surplus or deficit arising frorn changes in fair value is recognised in the Statement of Fiuancial Activitie& The charity is exetnpt from wtpordtion tax on its charitable activities. Fund accounting iJnre5tricted can be used in a¢cordan¢e with the charitable objeaives at the discretion of the trustees. Restricted funds can only be used for particular restrtcted PUTpose5 within the objects of the charity. Restrictions arise when specified by the donor or funts are raised for partiar Testricted purposes. Page 13 continued...
BLUEBERRY WELLBEING LTD NOTES TO THE FINANCIAL sfATEMEKfs- eontiDlled FOR THE YEAR ENDED 3J MARCH 2025 ACCOUNTING POLICIES- CODtinued Fund aeeollnting Further explanation of the nattwe and PUTpose of each is inclu&41 in Ihe notes to th¢ finamcial siatements. IttYe$tments Fixed asset investtnents are a form of financial inStrUt and ar¢ initially recolS¢d at their transaction cost and subsequeni]y measured at fair value at the Balanc¢ Sheet date. Ull]ess the value cat]not be measured reliably in whi¢h casc it is measllred at cost less impairm¢nt. Investment gains and lo, whether rulised or unrealise are c¢)mbined and presented as 'Wet gains 1 (losses) on illWtm¢nts' in the Sta*rnelll of Financial Activities. INVESTMENT INCOME 31.3.25 31.3.24 Dividends receivable Deposit accouttt int¢r¢ 49,701 14,179 49,896 4.342 63,880 54238 RAtSING FUNDS Investment MIgeMent eosts 31.325 31.3.24 Investment management f% 645 675 CHARITABLE ACTIVITIES COSTS G11 fimding of tivities Direct Support costs Totals Promotion of wellbeing 10.657 1,640 93,157 NET tNCOMEI(ExPEf4DURE) Net incomeJ(expenditure) is stated after chargiDgl(cr¢diiing): 31.3.25 31.3.24 Depr¢¢iation- owned se1$ Indepelldent examination 181 ,450 438 1,285 Page 14 continued...
BLUEBEly WELLBEING LTD N(yfES TO THE FINANCIAL STATEMEpifs- Continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS There were Do trustees, remunfration or otherbenefits for the yw erKled 31 March 2025 nor for the year ended 31 March 21J24. Trus¢ees' expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVLS FOR THE sfATEMENT OF FKNANCIAL AcfiviTIES U£strIcted fimds INCOME AND ENDOWMENTS FROM Investfftent income 54.238 EXPEf4DITURE ON 675 Charitable aetivities Promotion of wellbeing 66,956 Totsl 67,631 Net gain5 on investments 3.939,938 NET INCOME 3.926,545 RECONCILIATION OF FUNDS Total funds brought foThvard 2,923,443 TOTAL FUNDS CARRIED FORWARD 6,849,988 Page 15 cgntinued...
BLUEBERRY WELLBEING LTD NOTES TO THE Th ANCIAL STATEMErqrs- continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED AssErs ipment COST At l April 2024 Additions 1,754 357 At 31 MaTrh 2025 2.111 DEPRKCIATIO At l April 2024 Charge for year 1,663 181 At 31 March 2025 1,844 NET BOOK VALUE At 31 March 2025 267 At 31 Marcb 2024 91 io. FIXED ASSET INVEsfMENTS Listed inyestments MARKET VALiJE At l April 2024 Additions Dispgsals Revaluations ,951,507 292.167 (368,778) (98,976) Al 31 March 2025 1,775,920 NET BOOK VALUE At 31 March 2025 1,775,920 At 31 March 2024 1,951,507 There were llo investment assets outside the UK. ii. INVESTMENT PROPERTY FAIR VALUE At l April 2024 and 31 March 2025 4,500,000 NET BOOK VALUE At 31 March 2025 4,500,000 At 31 March 2024 4,500,000 Page 16 Conliiiiied...
BLUEBERRY WELLBEING LTD NOTES TO THE FI.YANCIAL STATEMEh7S- contittued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMErir PROPERTY- continwed Fair vaLll¢ at 31 March 2025 is represenled by: Valuation ill 2010 Valuation in 2¢)24 Cost 401,230 3,873,659 225,111 4,500,000 If freehold investtnent property had t been revalued it would have illcluded at the following historical st: 31.3.25 31.3.24 Cost 225,111 225.1 I I Freehold inv¢sttn¢nt property was valued on an open Val basts on 31 mh 2025 by the trustees. This is the guide price that the land h&8 been nwketed for sale aL 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other debtors 163 509 13. CURRENT ASSET INVLSTMENTS 31.325 31.3.24 Investment stockbroker account 44,987 29,056 CREDITORS: AMouf4TS FALLING DUE WITHIN ONE YEAR 31.325 31.3.24 (Mher creditors 1,960 1,770 15. MOVEMErfr IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Property revaluation nd 2.575,099 4274.889 (172,355) 2.402,744 4,274,889 6,849.988 {172,355) 6,677,633 TOTAL FUNDS 6.849,988 (172.355) 6.677.633 Page 17 continued...
BLUEBERRY WELLBEINC LTD NOTES TO THE FINANCIAL STATEMENfs . comtinued FOR THE YEAR ENDED 31 MARCH 2025 Is. MOVEMENf IN FUNDS- eontillueil Nel tnoyement in fijnds. included tn the above as follows: GaiLs and losses Movement expellded Unrnstricted funds General 63,880 193.802) {142.433) (172,355) TOTAL FufiDS 63.880 (93.802) (142,433) {172,355) CotNparativ¢s for movement in funds Net movement in fund5 At 31.3.24 At 1.4.23 Unrestricted funds General fund Propety revaluation fimd 2.522,213 401.230 51886 3.873,659 2,575,099 4,274,889 2,923,443 3.926.545 6.849,988 TOTAL FUNDS 2,923,443 3.926,545 6,849,988 Comparative net moVeent in fiwds. inchKled in the ab)ve 8r¢ as folhiws: Incoming R¢SOUTces expended Gain4 and 105se$ Movem¢ttl in funds ilnrestricted fuffid$ General fund Property reyaluation fund 54,238 (67.63 1) 66,279 3.873,659 52,886 3,873,659 54238 (67.631) 3,939,938 3,926,545 TOTAL FUNDS 54.238 167,631) 3.939.938 3,926,545 The Propety revaluation fid relates to the unrealised gain ou the r¢vaIuation of the investmcllt land held by the charity. Onc¢ the land is sol4 the gain is realis&i and the proportion of the uplift is transfeed to the General fi]nd. Page 18 continued...
BLUEBERRY WELLBETNG LTD NOTES TO THE FINANCIAL STATEhfENTS- eontiThued FOR THE YEAR ENDED 31 MARCH 2025 16. RELATED PARTY DISCLA)SiJRES During the year £1215 (2024 - £1,155} w&s payable lo N M ThoADa4 a ts7, in lAt[On to services provided to the charity. Page 19
BLUEBERRY WELLBEING LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.325 31.3.24 INCOME AND EF4DOWMENTS Investntent ID¢orne Dividends r¢ceivable Ikw>sit account interest 49,701 14,179 49,896 4,342 63,880 ,238 Total fineoming ruour¢¢s 63,880 54,238 EXPENDITURE InVtMent rnanagemeDt costs Investm¢nt manageent fees 645 675 Charitable activiti Rent Insurance P05t4g¢ and stationery Sundries Repairs and maintenance L¢gal and professional fees Office equipment depreciation Grants to institutions 5,530 552 344 39 5,106 660 202 62 1,173 438 58,030 4,011 181 80,860 91,517 65,671 Suppfyrt costs Governance Costs Acwuntallcy 1285 Tot r¢sources eXpeIed 93,802 67.631 Net expenditre before gallls ad losses (29,922) (13.393) Realised reeognised gains and los Realised gain{10Sses} on fixed asset investtDents (43,457) (37,712) Net cxpendilure (73.379) {51,105) This page does not form part of the statutory financial slat¢ments Page 20