BOSS BUSINESS SUPPLIES CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED31 DECEMBER 2023 Ragistered Chority No.. 279029
BOSS BUSINESS SUPPLIES CHARIYY CHARITY INFORMATION Charity name BOSS BLtslness Supplies Charity Reglstèred Charity Number.. 279029 Rggl$tered Office- 2 Villiers Court Meriden Business Park Copse Drivè Covenlry CV5 9RN B#nkgrs'. Barclays Bank plc 151 Floor S Sl Ann's Street East Quayside Newcastle NE128H Fund Managern: CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET Initapèndent Examingr,. Luckmans Duckett Parker Limited 1710 Elliott Court Coventry Business Paik Herald Avenue Coventry Wesl Midlands CV5 6UB
BOSS BUSINESS SUPPLIES CHARITY Contents Page Twstees. report IndepeFidenl examlners report Stslement of finartcial actiVe$ Balance sheet Notes lo the financlal statements 9- 13
BOSS BUSINESS SUPPLIES CHARITY RUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present Ihelr report 8nd the financial statements lor thè ygar ended 31 Decèmber 2023. The financial statements have been prepared In a¢cordance with the accounting pollcies and comply th the Charily's Irust deed and applicable law. OBJECTIVES AND ACTIVITIES The BOSS Buslness Suppli¢s Charity supports indivlduals lacing financial hardship due to Iwe's challenges leaving thern struggling to make ends meet. It helps in many way5, for example throu9h glvlng quarlerfy grants to supplement incoffle, giving one- ofigrants to help with immediate problems such a5 boiler repalrs and replacement household 51ems end fvlvre fund grèn1$ lorlhose wanllng or needlng lo further Iheirtralning and careerprospecls. The Chailty h8s 8 friendly yroup ol volunteers who visit those 58eking asslslancè. Assistance is available to Indlviduals who hav& workeij, or are currently employed, in the UK Buslness Supplles Industry for 81 le8st ye8rs, as well as their immediate family members The objecls of the charity are lo apply the eapllal and income of the ¢haritable funds for the purpose of providing finan¢lal relief lin case ol need, hardshlp or dlslressl to person5 who are or who have been employed In the bu$lne55 supplies Industry and the widows and depèndanls of such persong, These objects have been fflel by providln9 grants lo individusls. The Iru5tee5 confirm that they have referred to U)e guidance conlained in the Charity Commissitsns general guidance on public benèfit when reviewing the Charity's aims and oble¢lives and in plannin9 future activities and selling Ihegranlmaking policy in the year. Speafie requests foi 85313lance 8re eon8ldered and awarded at the dlscrelion of the trustees. ACHIEVEMENTS AND PERFORMANCE The Board has conlinued lo provkle support lo regular beneflarIeS and to help tho$e with specific needs by means ol one-off payments. CoTrlact wth beneficiaries ss masntainÈd by a panel ol regional based visitors who play a key role in assessing needs Ènd advising Ihe Board of changes In tsach indivklual's circumstances A total ol 162 grants12022". 1661 tolalling £117,02812022.' £77,8531 were paid lo Indivlduals durlng the year. A total of O 918nls12022..01 tolalling £Nil12022.. £Nil) were pald lo institutions during Ihe year. A significant aehievement al th¢ start of FY 2023 was the recruilmenl of 12 Corporate Patrons, each of ¥thom donated £5,000 for the year. Some of Ihese funds were received In FY 2022. As a result of this, as well 8$ income Irom regular fundralsing activities, such 85 the BOSS Charity Day and the gOSS In(lustry Aw8rd$ 8nd donation$ from Individuals and industry organlsalons. Income bas InCaSed subslanlially Ihis year. The financial position overall ha5 Strengthened significanuy during the year duè to the increase In the V8lue of the fund's investfflellls. Indeed, due lo the above increase In Inoome and an expectation of further Inerea5es in the value ol the lund'5 investmenls ovef lime, the Board f¢el well placed to consider applications for 8$$1Stan¢e from people tonnecled with the business supplies industry who are in need. Enqulries shoiJ1d be difecled to the BOSS Business Supplies Charily Secretary at BPIF Northern Office, Hub 26, Hunsworth L8ne. Cleckhealon. BD19 4LN. The Boarcl $h&S lo place on record warmest Jppweciation for the efforts of all vlsllors, patrons ond onors who have BUPPOrted their efforts during the year.
BOSS BUSINESS SUPPLIES CHARITY EES, EPO Continuèd FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Revlew of transactlons and flnanclal posluon Details of the Snveslrnenls held are sel out in nole 4 to th# ac¢ounts. The Slalemenl of Fiftancial Activities is presented on page 7. Thelruslees report a nel In¢8s& in funds 01 £118,92812022.' £170,937 decrease), which is due prirnafily to a combination of unrealised galns on investments and realised gain8 on investments In th8 year. Grants of £1 17.028 (2022., £77,853) were made to Individugls In accordance wlh the objects ofthe Charty. Grants totalling £Nil12022= £NS11 were paid to institutions. Reserves pollcy and rlsk management 11 is the Iwstees, policy lo maintain Sufficient SeNeS to ensure current levels of grant aid can be m2inl3ined for the foreseeable fulure regardless of donation or other income_ At the year end the total unrestricted reserves amounted to £1.427,48512022.' £1,308,557). The trustees aie17ave doped a risk regisler lo identify Tisks and how they Can b¢ miligaled. Invostmont pollcy There are no rpslrictions on the Ch#r*ty's power to invest. The investment strategy Is sel by thètrustees who provide the investment managerwlh Spec[0 guSdelines and restrictions il8ppropii8le. The general investment objectSves are for a balance of income and capital gain5. Investments are vèsted in specialist fund managers who have invesled all funds within a chariti05 investment fund. There Is no policy to reslri¢l inveslrnenl in certain siocks for risk or ethical reasons. STRUCTURE. GOVÉRtrIANCE AND MANAGEMENT Governlng Inslrumtnt The charity's objects and regulalions were regulated by a Irusl deed dated 9 November 1S93 and updated as 313 August 2016. and undef that deed the ch8rity is constituted as an unlncorporaled assoclalion The charily is Drganised so that the day to day running ol the charity 15 cariied out by Trustees with asslstance from the finance department ol the Brltish Printing Industries Fedefallon. The nominslion ol trustees and olhei officers of the charity are currently approved by the Execubve Board of The British offi Supplies 3nd Servi¢e8 Foderalion LSmiled (The Federalionl. T13ere Is a Pro$5 ol Induction lor new Iru8lEgS, whl¢h Includes meelings with curienl Iruslees and the provision ol key infomialion. REFERENCE ANDADMINISTRATION DETAILS Trustees and princlpal officers The trustees throughout the year and at the date ol approval weie... Graeme Ch8pman MBE Michael Gowen Frances Stephen Deborah Nice Martin Wilde Iresi9ned 31 March 20241 Sara Bennett Jonathan Morton Kelly Hilleard Elizabeth Whyle Leanne Gregg Iresi9ned 22 February 20231 Phllip Wesok)wskl
BOSS BUSINESS SUPPLIES CHARITY usrEES' REPORT Cctntlntjod FOR THE YEAR ENDED 31 DECEMBER 2023 The followlng tsfficers of the Charity have held office for the whole of the ye8r'.. Martin Wilde acted as Chalr and served Ihrouyhoul the year before reslgning on 31 March 2024. Kelly Hill&ard acted as Viee Chair and served throughout the year before becomlng Chair on 31 March 2024. Elizabeth Whyle acted as Secretary and 8erved Ihroughout the year. Doborah Nice acted as Honorary Trtsasurer throughout the year. Plans for fi5tur8 periods The ChArity's aims lor 2024 arè to contlnue to source funds and make grants In pursuance of the charttable tsbjecls. Irj addition, the Charily Is lo()king lo secure approval ol Ils updated Constitution from the Chaiity Commisslon, and lo finallse a fomi81 shared resources agernent wth the BOSS Federation. Tnb$tees' responslbllilles The trusteè5 are responsible for preparing the Trustees. RepDrt and th& financial slalements in 8ccordan¢e with applicable law and United Klno(Jom Accounting Slsndards Iunited Klngdom Generally Aceepled Accountlng Pradice), The law applicable lo charities In England and Wales requlres Iruslees lo prepare financial slalemenls for each financial year whlch g& a true and fair view of the slate ol affaSrs Of the charity and ol the Incoming resouiceg and 8pplicatn of resources of the charfty for that perlod. In pieparing these financial sla(ements. the tru$lee$ are required lo.. Select suitable accounting puli¢ies and then apply them con$rslently-, Observe the method$ and principles of the Charities SORP 2019., Ibl (¢1 Make lud9ements and ests"males that are reasonable and prudent; Idl Stale vJheU)er applicable accounting slandards havè been followed, subjeel lo any material departure$ dlsdosed and expl8Sned in the finar¢eial slaternenls,. and el Prepare the finaneial 51alemenls on a going concern basis unless it is inappropriatÈ to as5vme that the ¢h8rily will continue in operation. The trustees a respon51ble for keeplng proper a¢counting records th81 dlsclose wSlh reasonable accuracy al any tirne the financial position of Ihe charity and enable Ihem to ensure that the financlal slalemenls comply with tho Trusl Deed dated 1 March 2021, Ihe Char*ly IAcc¢unls and Reports) RegL¢lations 2008 and the Charities Act 2011. They are also responslble for safeguarding the assets of the charity and hènce for taking reasonable steps for the prevention and detecti¢)n of fraud OT other In so far os the IrusleÈ5 are aware.. there is no ielevanl indep&ndenl exarninalion Informatlon of which the charlty's independent examinef is unaware.. and the Iruslees have taken all steps that they ought to have takell to make themselves aware of any relev8nt independenl examination inforfflalion and lo establish that the independenl examiner is awarè of thal inloFmatlon. Al prevalling laws and regulaliong have been com Iled wlih. This report was approved by the Irustees on onbe all of the trustees by.. DE ORAH NICE Treasurer
BOSS BUSINESS SUPPLIES CHARITY Indopèndenl examln9r's r6portto the trusteps of BOSS Bu¥ln89s Suppllès Charlty I report lo the chaiily irustets on my tsxaminalion ol the accounts ol the BOSS 8UsIrSS Supplies Charity Ilhe Ch&rityl for thè y¢8r ended 31 Detmber 2023 which are sel out on pages 7 10 13. Rspon8ibllitl•8 and bas13 of report As the charity trustees you are responsible for the preparation of the account$ In accordance wllh the r8qulrement$ ol th& Charilles A¢1 20111.lhe Act'l. l Teport in re$pecl of my examinalton of Ihg Charity's accounts carried out under section 145 of the Act and in carrying out my exarninalion 5 have followed all applicable Directions givèn by thÉ Charity Cr>mmlsslon under section 145lSllbl ol the Act. Indepondent èxamlner's statemènt I have completed my examinabon. I cgnfiTm that no material matters have corne lo my allenlion In connecllon wllh the examlnatlon glving me cause to beIve Ih?I In any material respect.. 1. aoeounling records were not kept in respect of the Chartty as required by sÈclion 130 01 th& Act,. or 2. tl)e accounts do not accord wlh those records,. or 3. the accounts do not comply with the appllcable fequlremenls conceming the form and content of accounts 8el out in the Charities IAc¢ounls and Reports) Regulatior*s 2008 other Ih3n 8ny requirement that the accounts glve è true and farr viewwhich Is not a matter considered as PBrt of an independonl 8xaminalitsn. I conffrm that there are no other matters to which your attenbon should be drawn to enable a proper underslandinu of the accounts to be reached. Mark Spafford FCA FCCA Luckmans Ouekett Pat1(er Llmited 1110 Elllott Court Coventry Busines8 Park Herald Avenue Coventry Wesl Midlands CV5 6UB Dale..
BOSS BUSINESS SUPPLIES CHARITY STATEM NTOF FINANCIALACT VITIE FOR THE YEAR ENDED 31 DECEMBER 2023 Notes Unrestrlcted Fund8 2023 Unr8Strlct•d Funds 2022 Income: Voluntary Income= Donations- regions Donallon5- other Donations- patronage scheme other trading aclivitles Inv¢slrnenl income 4,289 150 33,000 32.1 t1 39,743 130 66,050 54,907 39,101 Total incom¥ 160,188 109,282 ExndIture on: Charitable ac15vlties {162,6571 1100,277) Tolal op9ratlng Idaficltl I surplus 12,4691 9.005 Other re¢ognised galns: Net gains I Ib$$es) on investments 121,397 {179.942) N•t surplus I Ideficltl 118,928 1170.9371 Reconclllatlon of funds.. Total funds brought foward 1,308.557 1,479,494 Total funds cgrrl•d forward £1.427,48S £1,308.557 All tsnd$ are unre5tricled. All of the #mount8 included In the statement of financial activities derive from the continulng a¢tivitie5 01 the charity. The notes on paoes 9 10 13 form part ol these financial sl8lements,
BOSS BUSINESS SUPPLIES CHARITY BALANCE SHEET AS AT 31 DECEMBER 2023 Nots 2023 2022 Flxed Assfrts Inveslmenls 1,358,499 1,247.102 Currènt Assèts Debtor8 Cash al bank and in hand 59,518 32,513 32,793 36,399 92,031 69,192 Llabllltles Creditors.. Amounls falling dve wilhln one year 123.0451 17,7371 NET CURRENT ASSETS 68.986 61,455 NET ASSETS £1A27.485 È1.308.557 Repres•nted by.. Unrestrted funds £1,427,485 £1,308,S57 The notes on pages 9 10 13 form part of these financial statements. The financlal statements on page$ 7 10 73 were approved by Ihe Board ol Trustees on and signed on its behalf by'.- KELLY HILLEARD Chair DEBORAH NICE Trètt8urer
BOSS BUSINESS SUPPLIES CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Charity Information The BOSS Business Supplles Ch81ity is a charity registered Sn Et¥Jland 8nd Wales. The reglsltrred office is Unit 2 Villler$ ¢c)urt, Meriden Business Park. Copse Drlv&. Cov?ntry, CV5 9RN. Aecounting eonventlon The financial statements have been pr6p2red under the hlstorical cost convenlon and in compliance with Accounh"ng and Reporti'ng by Charities.. Statement of Recommended Practice 2019 applicable to charlues preparing their financial statements In ac¢ord8n¢ewi¢h Ihe Flnancial Reporting Standard 102 The Financlal Reporting Standard appIlble In the Unlled Ktngdom snd R¢public of Ireland l FRS 1021 and the Chartlies Act 2011. The accounts lfin?nclal stslementsl have been prepared lo give a'lwÈ and fair, view and have departed from the Charities (Accounts and Reports} Regulations 2008 only to the exlenl required to provide a 'lrue and lair view. This departure ha5 involved following A¢countlng and Reporting by Charilles prep3ring thelr accounts In accordance with the Financial Reporting Standard applicabFe In the UK and Republic of Ireland IFRS 1021 Issued on 16 July 2014 rather than the Accounllng and Rgportlno by Chaiities., Statement of Recommended Praellce effeclSve from l April 2005 whieh has sinee been ¥thdraWn. The chartty is a public benefit entity for the purposes of FRS 102 The finan¢i81 staternenls a prepared in ¥lerling, which is the functional currency oflhe ¢h8rity. Monetary amounts In these financl81 slatemenl$ #re rounded lo ihe nearesl pound. Crftlcal Accountlng Estlmates and Judgements In the view ol the trusteès in applylng the accounling wllcies adopted, no judgernents were required that have a significant effect on the amounts reeognised in the financial slalements, nor do any eslimales or assumptions made carry a signSficanl rlsk of material adjtjstmenl In the next financiBI year. Funds Structur Unreslrlcted funds comprise those funds which the Irusteeg a free to u$e for any purpose in lurtherance ol the charitable objects. Incomè recognltlon All income Is recogni$ed On the charity has entillgmènt to the income, it is probable that the Income will be received, and the arnouni of income receivable can be measured reliably. Donations, are recognised when nollfieallon of both the 8mounl and settlement date hès been received. In the event that a donation is subject to conditions that reoubre a level of perfomiance before the charity is enlilled lo the funds, the income Is deferred #nd not recognised until either those conditions are fully mel, or the fulfilment of Ihosè condilions is wholly wilhin the control ol the charity and it Is probable that those conditions will be fijlfilled In thts reporting period. Inte$t on funds held on deposit Is included upon confirmation of the interest paid or payable by the Bank. Dlvidends are recognised once the dlvidend has been declared and notificatlon has been recelved ol the (Sivldend rtue.
BOSS BUSINESS SUPPLIES CHARITY OTES TO THE FINA L STATEMENTS FOR THE YEAR ENDED 1 DECEMBER 2023 ACCOUNTINO POLICIES Iconllnuedl Rocognltlon ol expèndltura Llablllties are feGogni9ed 8s expendllure as soon as ther? Is a legal or constructive obligallon commilling the charity to that expendlture, it is probabl& Ihal settlement wlll be requlred and the 8mount of the obligation can be rneasured reliaaly. All expenditure is accounted for on an 8ccruals basis. GovemBnee costs Include those incurred in the 9overnance ol the charily and are primarily associated wth con$lilulK)nal and slalutory requlrements. The allotments of grants are made al the dls¢relion of the Iruslees and In accordanoe th the Trust 06ed. Grants payable are payments made lo third partie5 in the furtherance of the ¢harilable objects ol the Charity. In the case of an unGoftditional 9ranl offer this is xc¢rued onctr the reclpient has been notified of the grant award. The nolificatlOA gives the reciplent a reasonable expectation thst they will receive the grant. Grants awards that ?re subled to IhÈ rÈclpienl fulfilling pertorrn8n¢e condillons are only 8c¢rued when the recipient h8$ b&en notified of the grant and any remaSnlng unfulfilled ¢ondillons attaching lo that grant ara outsldtr ol th& control of the Charity. Provisions for grants are made when the intentK)n to make a grant has been communicated lo the recipient bulthere 15 uncertainty as lo the timing of the grant or the amount of grant payable. The expendllure on ¢harilable 8Ctlvilies Incltydes gr8nts made. support costs and 9ovemance costs. Irrecoverablo VAT Irrecoverable VAT is charged against the category ol resources expended for which il wa5 inctsrred. Fixed assbt Snvastmants The investments are held by nomlne&s and are managed by Investment managers. Inveslmenlg are Inilislly re¢ognised al their transaction value 3nd subsequently measured al their maFkel value as at the balance sh891 d31¢ as delern)ined by the investment m3rTra9ers. The Slalemenl of Financi31 Activities includes th$ nel gains and lo$ses arising on revaluation and disposals throughoul the year. The Charily does not acquire or use put options. derNatives or other complex financial Inslwmenls. Othar rognIs&d galns ond loss&g All gall$ and losses are taken lo the Sl?lèment ol Financial Adivities a5 they arise. Realised 9ains and losses 01) Investments are calculated as the difference between sale proceeds and openin9 market value Ipurchase date 11 lalerl. Unrealised gains and 1035es arfy Galculatsd as the ¢Yifference between lh6 market V81ue at the yearend and opening market volue lorpurchase dale11 later). 10
BOSS BUSINESS SUPPLIES CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOLINTING POLICIES l¢ontlnu8dl Golnu concarn The financial stslemenls have been prepared on a golng ¢oncem basis. Having ¢arried out a detalled revlew of Ihe Cherity's resoLtrces, and the current economic challeng95 lacing the Charity, Ihe Trusteès are satisfied that the Charity has sufficient cash flows lo meel its Ilabililies a5 they fall due for at least one year from the dale ol approval of the financial ststernents, and there are no material uncertalnli¢s. Cash and Cash Equlvalènts Cash and cash equivalents include cash at b3nks and in hand and short term deposlls with a malurily date of three months Dr less. Debtors Credllors Debtors an(1 cditorS receivable or payable wlthln op)0 yvar of the reporting date are carried at Ihelr tran53Ction price. Debtors and creditors that are receivable or payable in more than one year and not subjÈcl lo a market ra16 ts1 Inlerèsl are measured al the present value of th8 expected future receipts or payment dlscounled al a market rale ol inleresl. Charltablfr acllvities 2023 2022 Granis Expendllure on ralsing funds Support and gDvernance costs Iseè note 31 117,028 27,604 18.025 77.853 10.916 11.508 162.657 100,277 During Ihe yeal the Charity made 162 granls lo indivlduals 12022." 166} and no giants lo Instllutlons12022-.01. Support and govainance costs 2023 2022 Support cosi$ Secretarial COAI Subscrlpllons Bank Charges Postage 7,150 411 684 413 6,964 405 113 20 Governancè eosts Independent examiners fees Trustees, Indernnlty Insurance Legal fees Travel and sundry expenses 672 533 5,764 2,398 678 399 2.929 18,025 11,508 There were no employees of the charity during the year12022.' Nill.
BOSS BUSINESS SUPPLIES CHARITY NOTES T THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 FIx8d Ass¢t InvèBtmonts Manag&d Investments 2023 2022 Mathel value at l January Disposals 1.247.102 1.457,044 133,0321 1,237,001 f,424,012 Unrealised loss on Inveslmgn18 121,496 {176,910) Markèt value at 31 December 1,358,499 1,247,102 All invè$tmenls are held by fund managers based in the UoSted Klngdom. Fixed asset Investments are analy8ed as to:. 2023 2022 Unil trusts 1,358,499 1,247,102 The charity held Ihv& following investmenls, which had a book vallte 85 8t 31 December 2023 in exces5 of 50% of the Ch3rity'8 total Investment portlolio at that date. During the year the charity sold ils entire Investment holding in CCLA COIF Charities Investment Fund Income Unlls and replaced wlth investment holding in CCLA COIF Charities Ethical Investment Fund Income Units. This is iepTesenled as a dlsposal and addition in the years as shown in the Managed investmenls18ble above. Inve¥lments Book value as at 31 Dac6mber 2023 P•rcèntage of Ptyrtfolio CCLA COIF Cbar111¢5 ElhScal Inveslmenl Fund Income Units 1,358A99 loo% Dèbtors 2023 2022 Prepayments Accrued income Other Debtors 22,728 15,884 20,906 5,728 11,765 16.300 59,51B 32,793 12
BOSS BUSINESS SUPPLIES CHARITY NANCIAL STA EMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ¢r•dltors 2023 2022 Trade Creditors Accruals Deferred In¢omg Other Creditors 14,836 2.515 4,851 1.043 1,761 697 5,000 279 23,045 7,737 Income relating lo events taking place In the next financtal year has been deferred. Unre$tr5cted funds 2023 2022 General funds 1,427,485 1,308,557 Rolaied Party Transactions None of the trustees have b88n remunerated in the year12022.' Nill. Travelling 8nd other expensès lotalling £6,475 12022." £6,172) were reimbursed lo seven trustees during the year and Trustee Indemnity In$ur8n¢e tsf £53312022.. £3991 wag pald. The trustees have condud$d that they compiise the key management personnel of the charity and as such, no remuneration was paid lo key management personnel12022.' Nill. The cmaiity paid £7,15012022'. £6,964110 British Printing industries federation for secretarial suppart durlftg the year. Other than the abovè. Ihtsrè are no rèlatsd parly IransactK>ns for disclosure. 13