BLYTH STAR E N T E R P R I S E S FINANCIAL STATEMENTS Blyth Star Enterprises Limited A Company Limited by Guarantee Company Registration Number 02152943 Registered Charity Number 519443 31st MARCH 2024 Bell Tindle Williamson LLP Chartered Accountants and Statutory Auditor The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 1AY
CONTENTS Report of the Trustees..................................... .................-...-....-...-. ...................1-36 Independent Auditors, Report to the Trustees........---..........-........................37-41 statement of Financial Activities.. ..42 Statement of Financial Position.................................... ....................-.-.. ..-.-..........43 Statement of Cashflows.-.. .................................................................-.-.... ---.......... Notes to the Financial Statements................-............................--.--..-.-.... ......45-58 The following pages do not form part of the financial statements.. Detailed Analysis of Income and Expenditure................................... . ..59-64 l absolutely love it here, you can just be you, with noone judging you. 66
Pagel. REPORT OF THE TRUSTEES The Trustees, who are also Directors for the purposes of company law, are pleased to present their annual Directors, Report together with the f inancial statements of the Charity for the year ending 31st March 2024, which are also prepared to meet the requirements for a Directors, Report and financial statements for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and the charities Statement of Recommended Practice (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) (issued in October 2019). 4IA
s- CHAIRMAN'S STATEMENT l am pleased to present the Annual Report for Blyth Star Enterprises Limited for the financial year ending 31 March 2024. This has been a year of both great challenge and remarkable achievement. as we continue to provide crucial adult social care day and living support services to individuals with complex mental health needs and learning disabilities. Throughout the year, we have remained committed to our core mission of enabling people to live meaningful and f ulfilling lives, no matter the barriers they face. Our services have become even more vital as the societal impacts of mental health and learning disabilities continue to rise, and demand for our support has increased accordingly. The past year, a one of resilience and progress, has seen a challenging external environment, with ongoing strains on public sector funding, increasing demand for services, and the continued recovery from the lasting effects of the COVID-19 pandemic. Despite these pressures, our dedicated staff, volunteers. and supporters have ensured that we continued to deliver high quality serdices to the individuals who depend on us.
Page 3. Our day services and living support services have provided thousands of hours of tailored. person-centred care. All of our services are delivered as individualised care packages where we focus on helping people achieve their goals and gain greater independence. We remain proud of the work we do to promote dignity, choice. and inclusion in all aspects of the lives of those we serve. During this year we again saw organic growth within our services through natural expansion to meet need, establishing new partnerships and strengthening existing ones to widen access to our services. We have been able to support a larger number of individuals across different communities, creating pathways to social inclusion, skill development and enhanced well- being. Our impact is best illustrated by the personal stories of those we support. This year, more individuals than ever have transitioned to independent or supported living arrangements, completed vocational training, and achieved greater social participation all thanks to the tireless work of our team and the resilience of those we are privileged to serve. As we look to the future, we recognise the ongoing challenges posed by an evolving social care landscape. However, we also see opportunities. We are committed to innovating our service delivery model to ensure that we remain adaptable and responsive to the changing needs of the individuals and communities we support. Our strategic priorities for the coming year include strengthening further our financial resilience through diversified income streams and prudent management, ensuring that we can continue to provide high quality services. This will also allow us to continue investing in our workforce, providing training and development to ensure our staff continue to lead with excellence. compassion and skill. As ever, we will work to enhance collaboration with the local authority, healthcare providers and community organisations to improve service integration and advocate for better social care policy.
Page 4. I would like to express my deep gratitude to our Trustees, whose unwavering commitment and guidance have been invaluable in navigating this year's challenges. l also extend my heartfelt thanks to our management team and staff, who work tirelessly every day to make a tangible difference in people's lives. Finally, I would like to thank our funders, partners, and supporters. Your generosity and belief in our mission enable us to continue our vital work. Together, we will continue to champion the rights and wellbeing of individuals with mental ill health and learning disabilities. We look to the future with hope, optimism, and a renewed sense of purpose. I am confident that with your continued support, we will build on our successes and continue to make a lasting impact in the years ahead. fp eiy Tim P. Chrisp JP Executive Chairman
"Tra CHIEF EXECUTIVE STATEMENT Looking back at 2023/24,1 feel extremely proud at what we have achieved and l am filled with appreciation towards our dedicated workforce who are the ones who have helped to make it all happen. The past year has seen substantial organic growth across all of our departments and as a result, we have been able to create a number of new jobs for local people to help us meet the ever-increasing need for specialist mental health support in Northumberland. By growing our organisation in line with demand, we are enabling more adults than ever before who live with complex mental health needs and learning disabilities to stay safe and well and remain as independent as possible, while also ensuring the stability of Blyth Star as an employer. Our team continues to work closely with our partner agencies in order to provide a cohesive and consistent quality of support, which in turn enables us to provide the right support at the right time to the right people capitalising on people's choices and supporting them to live fulfilling, healthy and engaged lives within their communities. As an Organisation, we have always strived to remain true to our purpose and our core values - Somewhere to Live. Somewhere to Work and Someone to Care continue to give purpose and direction to everything we do.
Page 6. Through commentary and review, our beneficiaries and stakeholders advise us that the support Blyth Star Enterprises provides to vulnerable adults is essential to their health and wellbeing, community presence and sense of belonging. Whilst this kind of positive feedback is great to receive and serves as an aff irmation that Blyth Star is indeed serving its intended purpose, it does provide added pressure to ensure the charity's continued success against the backdrop of an ever-evolving social care landscape. With the future set firmly in our sights, we have taken huge steps in 2023/24 to make improvements to our services in a number of core areas. as well as further develop our infrastructure to help streamline our operations and sure- up Blyth Star's success into 2024/25 and beyond. Together with the expansion of our Outreach Services in both the north and south of the county, and the development and roll out of a series of bespoke training programmes endorsed by the awarding organisation, NOCN, we have seen innovation in our Day Ser[Ces which offer services to the general public which have resulted in commercial successes - further strengthening our financial position and helping to provide new and exciting activities for our service users to engage with. Finally. I would like to take this opportunity to say thank you to all of Blyth Star Enterprises employees. partners and Trustees for their continued support. It is this support and dedication which enables us to effectively deliver our key objectives and maintain our values year after year whilst supporting the people at the heart of our Charity and for this, we are incredibly grateful. r Di%oN Julie Dixon Chief Executive Officer
Page 7. OUR PURPOSES AND ACTIVITIES The Charity's purposes are set out in the objects contained in the company's Memorandum of Association. ABOUT US Blyth Star Enterprises works alongside people aged 18 and upwards with mental ill health and or learning and other disabilities to enable them to have meaningful and independent lives within their local communities. We support people to develop and take control of their own lives using a person-centred approach focused on rehabilitation and recovery. Our services include: Living Support Community Residential Rehabilitation Day Services • Training and Employment Training Life Coaching Social and Leisure Activities OUR VISION People with individual needs living the life they choose. The organisation is based upon three fundamental principles: Somewhere to Live, Soniewliere to Work, Someone to Care.
Page 8. WHERE WE WORK We are a local organisation operating primarily in the South East of Northumberland, which contains some of the most deprived areas in all of Northumberland. We are also increasingly delivering services in the North and West of the county as the demand for our services grows. Working in partnership with people we support, their families or carers and our commissioners, being person-centred and focussing on what is important for every person is our passion. We pride ourselves on our ability to have a positive impact on people's lives. We recruit, train and support our staff to help people to maximise their independence and to have choice and control over their lives. OUR MISSION For people with mental ill health: Through recovery focused. age appropriate and person centre suppor ',, we encourage people with mental ill health to take back control of theirown lives as much as they can. For people with learning and other disabilities: By delivering a range of flexible care and support services, wwill ens that people living with learning and other disabilities are as independeryt a possible and connected with their local communities. OUR VALUES Treat people with dignity and respect Give people power to make choices Support people to be involved with their communities Take responsibility for our actions and act fairly Be honest. open and accountable Listen to ensure we deliver agreed plans and outcomes Encourage skill and expertise throughout the organisation Welcome and support innovation and new ideas to maximise our impact Promote leadership and learning
Page 9. OBJECTIVES AND ACTIVITIES POLICIES AND OBJECTIVES In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. SUMMARY OF OBJECTS AS SET OUT IN THE GOVERNING DOCUMENT The charitable objects are: To work with people who experience mental ill health and or learning and other disabilities, to enable them to live and work independently within their own local community and to support them towards achieving a quality of life. The provision of community residential rehabilitation, living support, day services, training and employment training services. STRATEGIES FOR ACHIEVING OBJECTIVES In order to achieve the objectives, the Charity provides community residential rehabilitation, living support, day services, training and employment training services, advice and support for people with mental ill health and or learning and other disabilities and their families and carers in Northumberland and other neighbouring Local Authority areas. Blyth Star Enterprises Limited is very involved in the local community and as such, is indebted to a number of local businesses for their support and volunteers who provide their services without financial reward.
Page 10. JÈ,l4 ri£, ACHIEVEMENTS AND PERFORMANCE GOING CONCERN After making appropriate enquiries. the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they will continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. REVIEW OF ACTIVITIES- OVERVIEW Blyth Star Enterprises Limited has continued to maintain its primarily organic service growth and innovative modernisation across all areas of the organisation. Our actual impact remains focused on our Organisations, principles of Somewhere to Live, Somewhere to Work and Someone to Care. The Organisations, services are delivered across two key areas: Living Support Services and Day Services.
Page 11. LIVING SUPPORT SERVICES The 2023-2024 financial year has been very successful for Blyth Star's Living Support Services. Referrals to outreach remain healthy with new service users on a waiting list and care managers regularly requesting increased support for existing service users within the community. We have been able to create new jobs for both full-time and bank staff in order to keep up with the increased demand for our services which will help us to support more individuals moving forward. All of our independent supported living accommodation within our apartment buildings - Custom House and Bradbury's Old Chandlery, have remained occupied throughout the period. one service user even successfully moved into his own property in the community with support from Blyth Star's outreach service, but we already had a new service user commissioned and ready to move in once the flat had been refurbished. One of the big capital projects that we had hoped to complete within the period was an extension to the ground floor communal area of Custom House to create a larger shared lounge space and kitchen for residents. Unfortunately, due to delays in contractors getting started with the works. this is now due for completion later in the year. The two bungalows that Blyth Star own and operate as part of our outreach service both have tenants who are very content and we have been exploring the possibility of acquiring more properties in the community.
ry.'•r }* I'.i.'¥l!¢ J. DAY SERVICES (OVERVIEW) While we seek to develop the potential of all individuals who attend Blyth Star's services, it is important to understand individuals, limitations too. Many of the service users that we work with are. for the most part, not able to enter competitive employment market due to the nature of their disabilities, which is why we provide sheltered work environments and seek to make these as real and as empowering as possible. We currently have approximately 140 people using these services, of which two thirds are under the age of 40 and many of whom may require our support for the foreseeable future. This long term service therefore needs to remain relevant, interesting, challenging and sustainable.
Page13. THE STEAMBOAT Building on the success of the past year, where we saw exponential growth in demand for our services. the 2023-24 financial period has been another remarkable year at The Steamboat. Our referrals are increasing organically month on month and we now support 55 service users, ranging in age from 21 to 80. With growth in demand, we have had to increase our staff headcount. taking on two additional bank staff with different skill sets to support our full and part-time members of staff. We also have two service users who, during the period, have completed their Level l and 2 certificates in Food Hygiene so they can support staff and fellow service users in the kitchen. •4
Page 14. LIVING SKILLS While we have always offered elements of Living Skills support and training at The Steamboat, over the past year, we have taken steps towards formalising this into a modular framework of training. similar to the programmes we have in place at The Woodfuel Centre and Stakeford Nurseries. The programme we have developed will take one year for service users to complete and contains five separate units, designed to cover all aspects of essential living - basic health and safety, healthy eating and lifestyle, time telling, basic IT and cybersecurity and culminating in a reflective, self-led art project. The course material has been submitted to the awarding organisation, NOCN, for external endorsement and we will begin delivering the programme once this has been received. In the meantime, we have started a healthy eating regime and service users can get weighed weekly and given advice around diet and nutrition.
Page 15. DAY TRIPS Our service users do like to get out and about and to explore new places. When the weather is nice, we go out and have walks locally to the park and the beach, but to make it easier for The Steamboat to plan trips further afield, Carol Boyd, Manager at The Steamboat learned how to drive Blyth Star's minibus in the spring. This has enabled service users to enjoy educational trips around Northumberland and to Beamish Open Air Museum. ARTS AND CRAFTS Arts and crafts are very important to our service users who attend The Steamboat. From knitting to crochet and watercolour painting to textiles, many of our service users are highly creative and find the time that they spend engaging in arts and crafts very important to their sense of wellbeing. During this financial period, we started working on a big group project to create a fidget blanket - a kind of sensory aid which is used to support people with dementia. Each service user created their own sensory 'square' and the squares were then sewn together to make the blanket. The service users enjoyed this project so much, they have gone on to make two more and we intend to donate these to a local care horne in due course. Another creative project the service users at The Steamboat enjoyed engaging with was in the run up to Easter. The Woodwork Department made a series of wooden rabbit-shaped boxes which our seniice users thoroughly enjoyed painting and making pom pom tails for. The finished boxes were then sold at Morpeth market. wy
Page 16. STAKEFORD NURSERIES The past year. from April 2023 to March 2024, has been a year of growth and development for the Stakeford Nurseries team. Our gardening and nursery services saw an expansion in both projects and customers, while internal training and team development continued to enhance our workforce capabilities. Notable achievements include the successf ul expansion of retail capabilities and community involvement through various events and outreach programmes. Our nursery products remained in high demand throughout the year. In June, the EPBC planters were distributed, and community planters were refreshed and planted up. enhancing the local environment and supporting community engagement. The organics department continues to work in line with our sustainability goals, having successfully renewed our Soil Association registration in August 2023. This renewal demonstrates our commitment to organic principles and environmentally responsible practices. From a staff perspective. Graham Carr, Horticultural Services Manager at Stakeford Nurseries embarked on a professional development journey by starting the Level 4 Lead Practitioner in Adult Care course in April 2023 in a bid to provide a higher level of frontline support to our service users.
Nurseries GARDENING TEAM PERFORMANCE The gardening team began the year with a near-full diary of customers, and any remaining gaps were promptly filled by new clients throughout the year. This consistency in demand is a testament to the excellent service our team provides. A notable achievement for the team was the renewal of our contract with the Port of Blyth, securing an important partnership that will continue to bolster our seniice portfolio. Additionally, our Garden Maintenance Supervisor successfully completed his HGV training, which enables him to drive the MAN gardening van, increasing our operational flexibility. The gardening team also completed a private landscaping job for a local client in October. This job represents a significant milestone in our private project portfolio and paves the way for future high- quality landscaping work. In December, the team launched a new venture into selling Christmas trees. This first-time offering was highly successful, adding a new stream of revenue for the business. with wreaths also remaining a popular seasonal product.
Page 18. FACILITIES AND INFRASTRUCTURE Throughout the year, we invested in maintaining and expanding our f acilities to meet growing demand. In response to damage caused by high winds, we had to make repairs to an existing polytunnel by replacing the roof skin. Additionally, a new retail tunnel was erected. and further retail areas were expanded. enhancing our capacity to serve our growing customer base, EVENTS AND COMMUNITY ENGAGEMENT Our commitment to community outreach was evident through our participation in multiple events during the year. In June 2023, we attended the "Future Choices" event at Kirkley Hall, in collaboration with The Woodfuel Centre and The Steamboat day services, to promote our offer to students with special educational needs and disabilities (SEND), including those with Educational Health Care Plans (EHCPS). The event provided an excellent platform to raise awareness about the opportunities we offer and to connect with potential f uture clients and their families. A similar event, "G-Fest,' was held in August at Saint George's Park, furthering our outreach efforts to the SEND community. In September, we hosted a successful barbeque on-site for all of our service users, fostering a sense of community and strengthening relationships with those we serve. Additionally, our annual Christmas meal was once again a huge success, bringing festive joy to everyone involved.
TEAM DEVELOPMENT Our team saw some exciting developments throughout this financial year. We recruited a full-time Support Worker on October 2nd, strengthening our workforce and adding fresh energy to our support team. Another key member of our staff completed their Level 3 Health and Social Care qualification, demonstrating their dedication to personal growth and to improving the care we provide to service users. These achievements in staff development are a crucial part of our strategy to ensure that we continue to provide the highest quality services to the individuals that we support. KEY PROJECTS AND INITIATIVES The start of 2024 saw an exciting development with the submission and discussion of our"Barren Land" proposal with Julie Dixon, Blyth Star's Chief Executive Officer. This proposal outlines the vision for transforming unused land into a productive and sustainable area which will lay the foundation for future growth in both service user engagement and educational initiatives. LOOKING FORWARD In February and March, our focus shifted toward preparing for the busy planting season. Seed sowings and plug plant deliveries were in full swing as we prepared for the spring season ahead. Looking to the future, we are excited about the opportunities that lie ahead in terms of expanding our services. continuing to build strong community relationships, and enhancing our internal capabilities to better serve our service users and customers.
Page 20. THE WOODFUEL CENTRE 2023-24 has seen another busy year at The Woodfuel Centre. Our staff and service users have been busy producing lots of logs and kindling to supply to our customers over the winter months. We have seen some new faces attend both The Woodfuel Centre and our co-located Woodwork Department, with additional referrals boosting our attendance numbers. COMMERCIAL SUCCESSES On top of our regular kindling supply to Pearsons of Dunns (a major supplier across Scotland) we now also make regular deliveries to two local restaurants, Porkys BBQ and Davanti Italia, who are using our air dried logs to f ire their pizza ovens. The service users love being a part of the restaurant deliveries and often come away with a pizza or two! Our Woodwork Department has also been kept busy, creating some amazing wooden play equipment for a local primary school including mud kitchens, reading dens, a role play shop front, water play balance beam, climbing frame tipis and even a full- scale wooden carl
Page 21. At the beginning of the year, service users in the Woodwork Department were busy making wooden tortoise planters to sell in the retail unit at Stakeford Nurseries. The tortoises flew off the shelves and were so sought after, the department ended up making around 35 of them. GARDEN DEVELOPMENT During the summer months. our service users were kept busy with some gardening activities, developing their skills while helping to transform the area of barren land at the back of the factory unit into a client garden. They involved themselves in grass cutting, garden tidy ups, flower bed planting and vegetable growing. We also took on a maintenance contract with a local primary school to cut the grass on their playing field. This has given service users and opportunity to further enhance their skills and practice using more ndustrial-scale gardening equipment. OUT AND ABOUT We always like to have some down- time too, so we visited Seahouses for a day trip and enjoyed some wonderful fish and chips. We also had a day out at the beach where we walked from St Mary's lighthouse all the way to Whitley Bay.
Page 22. WOODFUEL AND WOODWORK TRAINING Throughout the period, service users have been continuing to work their way through our in-house programme of Woodfuel and Woodwork training, which is externally endorsed by the awarding organisation, NOCN. The programme is tailored to fit in with the activities the service users do within the factory. They really enjoy this training as it is evidence of what they can achieve. 'itJiJ
Page 23. TRAINING We have seen some fantastic progress made by both staff and service users with various training courses and opportunities this financial year. STAFF SUCCESSES Staff completed their Care Certificate Staff completed their L3 Adult Care Worker Qualification Staff completed their L2 Food Hygiene Qualification Person completed their L1 Food Hygiene Qualification Person completed their Working at Height Qualification Staff completed their Manual Handling training staff completed their Fire Marshal training staff also continue to make progress with their mandatory training.
Page 24. SERVICE USER SUCCESSES Service users completed their L2 Food Hygiene Qualification Service users completed their L1 Food Hygiene Qualification NOCN ENDORSED PROCIRIIMMES Our in-house training programmes endorsed by the awarding organisation, NOCN, continue to run very successfully across our day services. During the period, we had 60 service users registered to take part in the various programmes: at The Woodfuel Centre in the Woodwork Department at Stakeford Nurseries
FINANCIAL REVIEW PRINCIPAL FUNDING SOURCES The principal funding sources of the Charity are the provision of a community residential rehabilitation and recovery sendice, living support outreach serdices, independent supported living services. day services, training and employment training services. These serdices represent 94.44/. (2023: 81.83/.) of the Charity's total income which is an increase on the previous year due to the receipt of a significant Deed of Gift in that year. EXPENDITURE Expenditure has increased compared to the previous year primarily due to the organic growth in service delivery, the effect of Living Wage pay awards made to employees and the impact the enduring cost of living crisis is having on all businesses. STATEMENT OF FINANCIAL POSITION Our statement of financial position continues to grow stronger with total reserves of £2,531,674 (2023: £2.390.089) primarily unrestricted in nature. We invested £7,470 in capital assets during the year (2023: £153,630), mainly in our freehold property and our plant and equipment. We will continue the policy of investing where necessary to modernise, remain safe and where possible, provide improved care at optimum cost.
Page 26. Net current assets at the year-end were £818,915 (2023: £621,991) with the increase being attributable to the surplus achieved this year, coupled in particular, with timing effects of receipt of debtors. FINANCIAL AND RISK MANAGEMENT OBJECTIVES AND POLICIES As a registered Charity, the financial objectives of Blyth Star Enterprises Limited are: To be f inancially stable at all times and to maintain sufficient reserves to achieve this. To be managed professionally and prudently in line with policies agreed by the Board of Trustees. To generate operating surpluses and to re-invest these towards the achievement of our charitable objectives. To control expenditure and operate efficiently. To monitor, control and minimise all financial and other risks. Financial Risk Managem nt Policy Internal f inancial controls are regularly reviewed in line with guidelines set by the Charity Commission. This is the responsibility of senior management and the Board of Trustees. The charity manages its cash resources, including sufficient working capital, so that operating needs are met without the need for regular short term borrowing, any surplus cash is invested so as to maximise interest income. The charitable company is exposed to price risk in terms of statutory funding levels but is content that these are in line with those in the sector and budget accordingly. Credit risk is managed through regular contact with funders, liquidity and cash flow risks are managed through appropriate and carefully managed use of financial instruments with our principal bankers. Investment Powers and Policy Under the Memorandum and Articles of Association the Charity has the power to invest in any way the Trustees wish.
Page 27. Reserves Policy and Going Concern The Board of Trustees of the Charity have a strategy of continuing wherever possible to build reserves through planned operating surpluses. They are aware that a prudent approach, particularly in the current climate of financial and economic uncertainty, must be maintained to ensure that sufficient reserves are available to provide resources and flexibility to achieve future plans. Should the Charity generate financial surpluses, the current reserves policy allows for up to six months running costs to be kept as an uncommitted reserve. Any funds remaining should be committed to works and services which meet the aims of the Charity, although once committed. these do not have to be spent within one financial year but become restricted funds. At 31st March 2024 unrestricted reserves were £2,284,897 (2023: £2,116,139) and six months running costs amounted to £1,119,819 (2023: £950,680) the Trustees are therefore pleased to report that unrestricted reserves exceed the minimum target by £1,165.078 (2023: £1,165,459). Whilst this is reassuring, ongoing and increasing uncertainty in our areas of activity suggest we continue with our prudent approach in respect of our reserve levels and on that basis, the Trustees have implemented their plan for unrestricted surpluses in this and future years to be extended to six months operating cost. The growth in reserves will be achieved through continued income generation, establishment of unrestricted income streams and sound financial management but we are mindful that we still need to invest in our current projects or any future project that arises which will be of benefit to the Charity.
PLANS FOR FUTURE PERIODS The Trustees and senior management team have set out a growth strategy for Blyth Star Enterprises Limited focused on the expansion and modernisation of our services. This expansion and modernisation will generate year on year surpluses that we can re- invest in our staff to improve our service delivery and provide even better support to people with mental ill health and or learning and other disabilities, their families and carers. The Trustees are committed to continuing to invest in our Organisation through the use of our reserves and grant funding, rather than cut back on the seniices that we provide and the resultant impact that we can achieve for our beneficiaries.
Page 29. REFERENCE AND ADMINISTRATIVE DETAILS CHARITY NAME. CHARITY REGISTRATION NUMBER: COMPANY REGISTRATION NUMBER: REGISTERED OFHCE AND OPERATIONAL ADDRESS: Blyth Star Enterprises Limited 519443 02152943 The Old Chandlery 30 Ridley Street Blyth Northumberland NE24 3AG BANKERS: Barclays Bank PLC 50-51 Northumbria House. Manor Walks Shopping Centre Cramlington Northumberland NE23 6QP SENIOR STATUTORY AUDITOR: Emma Hartshorne-Ferguson BA FCA Bell Tindle Williamson LLP The Old Post Office 63 Saville Street North Shields. Tyne and Wear NE30 IAY SOLICITORS: Carr & Co Arms Evertyne House Quay Road Blyth Northumberland,, NE24 2AS
Paoe 30. DIRECTORS AND TRUSTEES The directors of the charitable company (the Charity) are its Trustees for the purposes of Charity law. The key management personnel who served during the year and since the year end were as follows: BLYTH STAR ENTERPRISES LIMITED: TRUSTEES AND DIRECTORS Elected Trustees: T.P. Chrisp JP (Chairman) S.W. Gibson (Company Secretary) Mrs S.M. Herron Mrs. L. Tweddle BLYTH STAR ENTERPRISES LIMITED: MANAGEMENT Chief Executive Officer: Ms J. Dixon Consultant: G. Moore MBE
Page 31. STRUCTURE, GOVERNANCE AND MANAGEMENT NATURE OF GOVERNING DOCUMENT AND HOW THE CHARITY IS CONSTITUTED Blyth Star Enterprises Limited was incorporated in the UK as a company limited by guarantee on 6th August 1987 and as a charity on 30th October 1987. The Company was established under a Memorandum of Association which states the objects and powers of the company and is governed under its Articles of Association dated 18th June 1987 (updated 25th September 2015). In the event of the Company being wound up, the members are required to contribute an amount not exceeding £10. The charitable company is managed by Trustees with expertise relevant to the management of the company. The Trustees meet quarterly to monitor performance, agree resource allocation, identify and agree solutions to problems and respond to any opportunities that arise. The Chief Executive Officer meets regularly with the Chairman of the Board of Trustees to discuss performance. APPOINTMENT OF TRUSTEES The Directors of the Company are also Charity Trustees for the purpose of Charity law. Should Blyth Star Enterprises Limited wish to recruit a new Trustee there are formal procedures in place to ensure a good candidate is selected. There is no specific age group or experience required to be a Trustee, however Trustees must not have unspent convictions for offences involving deception or dishonesty and be willing and able to demonstrate that they can add to range of skills and experience present in the existing Trustees. They should also be able to demonstrate their commitment to actively participate in the governance and development of the company outside of Board meetings. The Board of Directors will strive to recruit new Trustees from within the area of influence of the Charity, from wider professional spheres, i.e. local business community and people with experience of providing, organising or administering employer training.
Pago 32. In addition it will actively seek to recruit people with experience of mental ill health and learning disabilities, their families or carers. Under the requirements of the Articles of Association, members of the Board are normally elected at the Annual General Meeting (AGM), with one third of the Board resigning at each AGM; this number being made up of those who have been appointed to the Board longest since their last appointment. TRUSTEE INDUCTION AND TRAINING There is a formal induction process for all new Trustees. This includes an orientation by the Chairman and Chief Executive Officer and the provision of an information pack which explains their legal obligations under Charity and company law. The pack also contains the Charity Commission publication "The Essential Trustee" and specific guidance on public benefit and conflicts of interest and informs them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the current business plan and recent financial performance of the Charity. During the induction they meet key employees and other Trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. ORGANISATIONAL STRUCTURE AND HOW DECISIONS ARE MADE The Charity has no fixed maximum of Trustees. Currently there are four Trustees who meet as a Board to discuss and decide the policies and strategy of the Charity. There is a plan to increase the number of Trustees to a minimum of 8 in the near future. Individual Trustees participate in other meetings in between Board meetings specific to their areas of interest. The Trustees have the ultimate responsibility for establishing the strategic direction and corporate objectives of the Charity with the day-to-day running of the Charity being the responsibility of the Chairman, the Chief Executive Officer and the Day Services Operations Manager. Committees of Trustees are formed as and when required to cover Audit and Finance, Care Quality, Health and Safety and Risk. The Chief Executive Officer is assisted by the Day Services Operations Manager and a variety of service level agreements for essential support services.
Page 33. RELIITED-PARTIES AND CO-OPERATION WITH OTHER ORGANISATIONS Blyth Star Enterprises Limited is a specialist provider of care for people with mental ill health and or learning and other disabilities. Services are commissioned by Adult Social Services departments within local councils in the North East of England primarily but not exclusively Northumberland. The Charity enjoys good relationships with a variety of other local and national partners and statutory bodies. PAY POLICY FOR KEY MANAGEMENT PERSONNEL The pay of Key Management Personnel is reviewed annually and normally increased in accordance with average earnings. The Trustees benchmark against average pay levels of other charities and similar organisations within the sector and in the region. Pay levels are set using this information together with budget and forecast information, ensuring that the Charity can afford and proposed increase. The Trustees then agree any uplift to remuneration. PRINCIPAL RISKS AND UNCERTAINTIES Blyth Star Enterprises Limited operates within a highly regulated environment, with the majority of its income derived from the provision of services commissioned by a small number of public funders. As such, the principal risks and uncertainties for Blyth Star Enterprises Limited are: Financial constraints placed on all care providers by public sector commissioners, as they in turn face financial cutbacks. This is a challenge faced throughout the care sector and is by no means unique to Blyth Star Enterprises Limited. Changes in legislation affecting charities and the care sector, including additional compliance requirements. Failure to meet the requirements of our various regulators resulting in the inability to provide services. Changes in legislation affecting businesses in general, such as pension auto-enrolment and changes to the National Living Wage. These lead to increases in our operating costs and again are not unique to Blyth Star Enterprises Limited.
Page 34. RISK MANAGEMENT The Trustees understand the importance of assessing major risks to which the Charity is exposed. There are appropriate systems, controls and procedures in place to minimise and mitigate any principal risks and uncertainties. The following major risks to which Blyth Star Enterprises Limited is exposed are regularly reviewed: Financial (fraud, insufficient income, exceptional costs) Governance (recruitment or loss of Trustees and management) External/political (Government policy changes, Local Authority changes) Quality and reputation (compliance failure, breach of law or regulations, serious incident, adverse publicity) Service delivery (recruitment or loss of staff. loss of contracts) Growth risks (failure to achieve long term objectives, availability of investment) Blyth Star Enterprises Limited has reviewed its organisational risk management and assessment policies and procedures and uses the services of specialist Health and Safety/Risk Management advisors to help oversee this area of work, supported by the Senior Management team and Trustees. TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Charity Trustees (who are also Company Directors for the purposes of company law) are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period.
In preparing those financial statements, the Trustees are required to: Page 35. Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP; Make sound judgments that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and. Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charitable company will continue in business. The Trustees have overall responsibility for ensuring that the charitable company has appropriate systems and controls, financial and otherwise. The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that: Blyth Star Enterprises Limited is operating efficiently and effectively. All assets are safeguarded against unauthorised use or disposition and are properly applied; Proper records are maintained. and financial information used within Blyth Star Enterprises Limited is reliable, and; Blyth Star Enterprises Limited complies with relevant laws and regulations. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 36. STATEMENT OF DISCLOSURE TO THE CHARITY'S AUDITORS In so far as the Trustees are aware at the time of approving our Trustees, Annual Report: there is no relevant information, being information needed by the Charity's auditors in connection with preparing their report, of which the Charity's auditors are unaware, and; the Trustees, having made enquiries of fellow directors that they ought to have individually taken, have each taken all the steps that he/she is obliged to take as a director in order to make themselves aware of any relevant information and to establish that the Charity's auditors are aware of that information. INDEPENDENT AUDITOR Emma Hartshorne-Ferguson BA FCA and Bell Tindle Williamson LLP are deemed to be re-appointed under Section 487(2) of the Companies Act 2006. Re-appointment will be confirmed at the next Annual General Meeting. This report was approved by the Trustees on 18th December 2024 and signed on their behalf by: T.P. Chrisp JP Executive Chairman *BLYTH STAR F N T E R P R I s r
Page 37 BLYTH STAR ENTERPRISES LIMITED A CO.MPANY LI_lITED BY GUARANTEE INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF BLI'TH STAR E.JTERPRISES LIMITED YEAR ENDED 31ST Tr1.4RCH 2024 optNION We have audited the fitwlcial statements of Blyth Stsr EnteTprises Limited (Ihe 'charilable companv) for the year ended 3 1st March 2024 which comprise thc statemeni of financial acliTrities (incorporaling income and expenditure account), the stAtement of financial posilion, the statement of cashfi0S and ihe related not¢%, including a summary of significant accounting policies. The financial reporting frdmework that has been applied in their prepai'ation is applicable law and United Kingdom Accounting SLdarl, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {UnÈted Kingdom Generally Accepted Accountino Practice). In our opinion the fmancial statements.. give a true and fair view of the state of the chariiable companrfs affairs as at 3 1st March 2024 and of its incoming resources and application of resources for the year then ended; have beell properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have beell prepared in accordance with the requirementb of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (UK) {ISA5 (UK)) aTkd appliLable law. Our responsibilities under those standard.% ttre further described in the auditor's responsibilities for the &udil of the finanLial .%lateTnents section of our report. We are independent of the chatitable con4)any in accordance witli the ethical requirements that are relevant to our audit of the financial sia*ments in the UK, includllig the FRC'S Ethical Standard, and we have fulfilled our other ethical iesponsibilitieq in accordance with tbese requirernenls. We beliei'e that the audit evidence have obtained is suffIcient and appropriate to proiide a basks for our opinion. CONCLLTSIONS RELATII%G TO GOLN'G CONI CERN In auditing the fancIal stalements. we have concluded that the trustees, use of the going concern basis of accounting in the preparatloll of the financial STatements ts appropriate. Based on the ivork we have perfonned, lie have nol identified anN' material uncertainties relating to evenLs or coiidiliong that, individually or collectively, may cast signifieant doubi on the charitable companvs ability lo continue as a going concern for a period of at least tiyeli'e monilL8 (rom when the financial statements are authotised for issue. Our re.%pon8ibililies and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Page 38 BLYTH STAR EliTERPRISES LIN11TED A COTrIPANY LLTrIITED BY GUARANTEE INDEPEINDENT AUDITORS REPORT TO THE TRUSTEES OF BLYTH STAR EITERPRISES LIIlllTED YEAR EIYDED 31ST lARCH 2024 OTHER ll¥FORMATIO.N The oilLer information comprises the inforntstion included in the Report of the Ttee$, other than the fmancial statements and our auditor's report ihereon. The InteeS are responsible for the other infomlalion. Our opinion on the [all¢la1 statemellts does not cover the other infornthtion and, exeept to the extent otherwise explicitly btaled in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial slatemenlb, our responsibility is to read ihe othet inforntiOn alld, in doing so, consider whether the other inforn]ation is materiallN' Inco$1LeI the fu1claI statements or our knowledge obtained in the audit or otherwise appear8 lo be maLeriallJ misstated. If identrfy such nterial inconsistencies or apparent tnaterial tnisstatements, we are required to deterniiue iihether there is a material misslaternent in the fne1&1 statetnenls or a nterial 1nisslatenAt of the otber infornialioL If. based on the work we have perfornled. we conclude that there is a nuterial misstatement of this other informatior4 are required io report ihat facL We have nothing to report in this regard. OPll¥lOL¥S ON OTHER TrIAERs PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undenaken in the course of the audit". the infonnalion given in the Report of the Tnjstees for the fllwicial year for which the fillancial statements ale prepared is consistent with the fmancial slatemenls; and the Report of the Trustees has been prepared in accordance wiih applicable legal requiicTnents. MATTERS ON WHICH WE ARE REQLIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charithble company and ils eni4ronmenl obtained in the course of the alldit, we have nol identified material misstaten]ents in the Report of the Trustees. We have nothing to report tn Spect of the folloThing matter5 in relation to which the Companies Act 2006 Tequires us to report lo you if. in our opinion.. adequate accounting records have not been kepi or returns adequate for our audit have not been received from branches not visited by . or the financial slateTnents are not in agieement with the accounting records and retun. or certain disclosures of Trustees, and key managemenl personnel remuneration specified by law are not made,. or we have not reCeI.ed all the inforniation and explanations we require foi ow audit. or the Iruslee8 were nol entitled to prepare the financial Statellnts in accordance with the Small cornpanies regime and take advantage of the small conjpanies, exen)pllons in preparing the truèitecdIreCtors, report and from the requirement to prepare a strategic report.
P&ge 39 BLYTH STAR ENTERPRISES LIMITED A cO1PANy LINIITED BY GUAR4NTEE INDEPENDEJY AUDITORS REPORT TO THE TRUSTEES OF BLYTH STAR ENTERPRISES LIIIIITED YEAR EED 31ST lARCH 2024 RESPONSIBILITIES OF TRLSTEES As explained more fully in the tStees, responsibilities slalement, the trustees ate 1&8ponsible for the preparation of the financial statements and for being )alisfied that rhev give a true and fair Nue., and for such inten1 control as the Irllslees deterjnine is necessary lo enable the preparation of financial slalemenls that are free Jnalerial rnisstatemenl, whether due to fraud or error. In preparing the financial staternents. thc trusiees are responsible for assessing the charitable eompanls ability to continue as a going coiicern, discloying, applicable: rnatters related to going concern and using the going coneem basis of accounting unless the ttustees either intend to liquidate the charitable eompany or to cease operations, or have no realistic alternative but to do so. AUDITOR'S RESPONSIBILITIES FOR THE .4UDIT OF THE FINLNCIAL STATEMENTS Our objectives are to obtain reasonable assurance about i&hetheT the fiDancial statements as a whole are free from material misstatement. whether due to fraud or e0[, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordanee with ISAS {UK) will alwayg detect a IDalerial mi%&itatenLenl iithen it exists. Mi"Ssralements can arisc from fraud or error and are considered material if: indivtdually or in the agJegate: they could reaionably be expected to infiuence the economic decisioJs of Usel% taken on the basis of these financial statement4. Irregularities, including fraud, are instances of non-compliance with laifvs and regulations. We design procedures in line with our responsibilities, outlined aboi'e: to detect materilll misslalements in respect of irregularities, including fraud. The ¢xtent to which our procedures are capablc of deteLting irregularities, including fraud Is detailed below: Our appioa¢h to identifying and assessing the risks of material misstatement in respect of ittegularities. including fraud and non-compliance with Laws and regulations. was as follows: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non4on)pb"ance applicable laws and regulatiot]s; We identified the laws and regulations applicable to the cl)aritable company throuoh discussions with trustees and other management: and from our comJnercial knoth,ledge and experience of the cbaritable sector, We focused on specific laws and regulations which considered tnay have a direct material effect on the financial statements or the operaiions of the company. including the Conwanies Act 2006, kgxation legi4lation and data protec.tion, anli-bribery, employmenL environmental, health and sal-ety. mental health and mental capacity acts; We assessed the extent of compliance with the laws and re.oulaEions identified above through making enquiries of management and inspecting legal correspolldenc¢' and Identified laws and regulations were con]mullicated iiithin the audit team regularly and the team rematned alert to instances of non-compliance throughout the audit. We assessed tbe susceptibility of the charilable compangs fllwicial slatetnenls to material miSstatennt, including uht occur: by.. obtaining an understandillg of bow fraud mi. Making enquiries of rnanagement as lo where they considered th¢re was susceptibility to frau(L their knowledge of actual, suspected and alleged fraud.
Page 40 BLYTH STAR ENTERPRtSES LIIIIITED A CoJPANy LINIITED BY GUAII4NTEE INDEPENDENT ALDITORS REPORT TO THE TRUSTEES OF BLYTH STAR EIYTERPRISES LIIlTED YEAR ENVED 31ST NfARCH 2024 AUDITOR'S RESPONSIBILITIES FOR THE ALTDIT OF THE FINANCIAL STATEMENTS (COtiN11ed) Considering the internal controls in place to mitigaie risks of fraud and non-COTnpliance iiitb laws and regulations. and Understanding the design of tbe charitable compangs remuneration pohcies. To addr¢.K% the risk of fraud through manaoement bias and override of control). we: Perfornied alla11r81 piooedures lo identify any unusual or unexpected relationskn"ps; Tested journal entries to identify unusual transactions" Assessed whether judgements and assumptions made in detennining accounting esiimates We indicative of potential bias. and In%'estigaled the rationale behtlld siwficant or unusual transactions. In response to Ihc risk of irregLLlarities and non-compliattce laivs and regulations. we degigned procedures which includ¢d, but were not limiled to: Agreeing financial slatetnent disclosures to underlying supporting documentatt"o Reading the minutes of meetings of tbose charged with goi.'ernance" Enquiting of manageEnent as to actual attd potential h"tigation and claims: and Reviewing CoeSpOndence ivith HMRC. releN'anl regulators and the charitable cornpanys legal advisors. There are inherent limitations in our audit pr(edureS describ¢d aboiF¢. The more remoi'ed tliat lamts and regulations are froTn finkmeial transactions, the less likely it is Ihxi 'e M'ould become aware of noll-compliance. Auditin¢y stand8rdg also limit the audit procedureb Tequited ts) ideniify non-compliance and reoulations to enquiry of the directors and other management and Ihe inspection of regulatory and legal Correspondence, if any. Material misslaternents tbat arise due 10 fraud can be harder lo detecl than those ¢hal atise from error as tljey may involve deliberate coneealmenl or collusion. As part of an audit in accordance wtth ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and aesS the risks of material tni&siatetnellt of the flllancial statements, Thllether due to fraud or eor, design and perfoffli audit proc¢duies responsive to those risks. and obtain audtl evidence that is sufficient and appropriate to provide a basis for our opinion. The ri>k of not detecting a material misstatement resiilting from fraud is liigher than for one resulting from error. as fraud lly inTrolve collusion. forgery, intentional on]issioni, Inisrepreseniations, or the override of inten1 conlrol. Obtain an understanding of internal ntrol relevant lo the audit in order to desigu audit procedures that are appropriate in the circumstances, bul not for the purpose OF expre&sing an opinion on the etyectii'eness ot tbe internal control.
Page41 BL YTH STAR ENTERPRtSES Lll4illTED A cofslPAYL Y LIIIIITED BY GUARANTEE INDEPENDENT.4UDITORS REPORT TO THE TRUSTEES OF BLYTH STAR ENTERPRISES LIMITED YEAR ENDED 31ST l¥fARCH 2024 AUDrroR'S RESPOINSIBILITIES FOR THE ALIIIT OF THE FTh AliCLIL STATEMENTS (e<JntliiutrfJ Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounling estinteS and related dtsclobures made by the ttees. Conclude on the appiopiialene5s of the ttustees, use of the going concern basis of accounting and, based on the audit evidence obtaine<L ivhether a material uncertainty exists related to ¢venls or condilions that may cast significant doubt on the charitable compan$ abib"t)I to continue as a going concern. Ef we conelude thal a m&lerial iu]certainty exists, we are required 10 draw attention in our auditor'5 report lo the related di.%closures in the fmancial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions ale baa on the audit efvidence obtained up to the dale of our auditor's report. However. futuie events or conditions may cause the charitable company to cease to continue as a going concettL Evaluate the overall prtsentatioffj structure and Content of tbe fEaL statemenls, includiniy the disclosures, and whether the financial statements represent the underlyin(v transactiOFLq and events in a manner that achieves fair presentation. We communicate with those charged with gOnanCe regarding, amontr other matters, the planned scope and timing of the audit and significant audit findings, includin(y any significant deficiencies in internal COTttrol that VWE identify during our audit. USE OF OUR RKPORT Thi% report 18 made solely to the charitable CoMpanS trustees. as a body, io accoidance chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so thai we mighi state to the cliaritable company's trustees those tnatters we ar¢ required to state to tbem in an auditovs report and for no other purpose. To the fullesi exlent perniitled by law: we do not accept or assume responsibdkl), to anvone other than the charilable company and the charitable comparny's twstees as a body. for our audit 'or for this reporL or for the opinions 'e have fornied. Emrna Harlshorne-Ferguson BA FCA (Senior Statutory Auditoi) For and on behalf of Bell Tindle willianOn LLP Chartered Accountatkts & Statulory Audiior The Old Post Office 63 Saville Street North Shields Tsme & Wear NE30 IAY 18th December 2024
Page 42 BLYTH STAR ENTERPRISES LIMrrED A co{PANy LIlITED BY GUARANTEE STATEINIENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITLTRE ACCOUN - YEAR ENDED 31ST IMARCH 2024 Unrestricted Restricted ReTraluation Funds Funds Reserve 2024 Total 2023 Total ote INCOME: Donations and Legacies 33J66 68,600 101.966 447,521 Income from Other Trading Activities 63223 63.223 63,654 Investment In¢0e 6.696 6,696 1,254 Incoine from charitable aCtIlieS 2 ?09J39 2,209,339 1,958,408 TOTAL INCOLME 2.312,624 68.600 2,381,224 2,470,837 EXPENDITURE: Costs of Raising Funds: Trading Operations 18,483 18,483 25,435 Expenditure on Charitable Activities 2,128,851 69,805 2.198,656 1,869,925 Donations and Legacies Transfer 20 22.500 22.500 6,000 TOTAL EXPE,DITuRE 2.147,334 92.305 2,239,639 1,901,360 NET INCOME AF+lD NET MOVEMENT IN FUNDS FOR THE YEAR 165.290 (23.705} 141.585 569,477 RECONCILIATION OF FUNDS Transfer Between Funds Total FLU)ds Brought Fotivard 3.468 2.116.139 (3,468) 255.841 18,E09 2.390,089 1,820,612 TOT AL FUNDS CèiRRIED FORWARD 2.284.897 228,668 18,109 2,531.674 2,390,089 The Statetnent of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gal$ and losses ha8 nQt been piepaTe(L Atl income and expenditure derives from continuing activities. The no¢es on pages 45 to 58fovm pari of thesefinaAeiul stacements
Page 43 BLYTH STAR ENTERPIUSES LlTrllTED A cofiipANY LITrIITED BY GUARANTF,E STATEI%qENT OF FtNANCIAL POSITION AS AT 31ST IllARCH 2024 2024 2023 FED ASSETS Tangible Assets 12 1,712,759 1,768,098 CURRENT ASSETS Stocks Debtors Bank and Ca8h Balances 13 14 4.817 340.373 590.709 935.899 4.816 117,064 619,844 741,724 CREDrroRS - AMOUNTS DUE Wl'l'HlIN O,YE YEAR 15 116,984 119.733 ET CURRENT ASSETS 818.915 621,991 TOTAL ASSETS LESS CURRENT LL4BILITTES 2,531,674 2,390.089 UDrestricted Fullds Restricted Funds Revaluation Reserve 20 20 20 2.284,897 228.668 18.109 2.116,139 255.841 18,109 TOTAL FUNDS 2,531.674 2,390, These fmaneial slaternents have been prepaEd in accordance M'ilh the pro&isions applicable to companies subject to the small companies, regime and in accordance FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. These financial statemetkts were approved by the directors and auihorised for issue on 18th December 20?4 and are slgned on their behalf by. T, P. CFIRtsp Chairnian Company Regi.8tration Number 02152943 The notes on pages 45 10 58form part of thesefinallcial stalemen15
Page 44 BLYTH STAR ENTERPRISES LII¥IITED A COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOM'S FOR THE YEAR ENDING 31ST MARCH 2024 "ote 2024 2023 Cash floivs from operating activities 22 (33.569) 845,196 Cash flo.$ from investing activitie5 Interest received Purchase of tangible fLxed assels Proceeds from sale of tangible fLKed assets 6,696 (7,470) 5,208 1,254 (153,630) Cash iised in investing actiiitles 4.434 {152:376) Cash flows from finaneing actiTrities Repayment of borrowings (600,516) Cash used in financing activities (600,516) (Deciease) l InCree in cash and cash equivalents in the year (29,135) 92,304 Cash and cash equivalents al 3 Isi March 2023 619,844 527,540 Total cash and cash equlvalellts at 31st March 2024 590.709 619,844 Thé notes on pages 45 to 58form part of¥he5efinancial statements
Page 45 BLYfH STAR ENTERPRISES LIMITED A COIllPANY LINL IITED BY GUARAJ:TEE NOTES TO THE FINANCIAL sTATE1¥IETS- YEAR ENDED 31ST MARCH 2024 ACCOU'TG POLICIES The prtncipal accountin(r policies 2dopted: jud(Fements and key sources of estIntion uncertainty in the preparation of the financial sialemenls are as folloHs- a) Ba515 of Pre aration of Financial Statements The financial 8tatemenls have been prepared under the historical cost convention and in accordance with Charities.. Statement of Recommended Practice (applicable lo chan.ties prepaTing their financial slatemenis in accordance with tbe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)): the Fin1claI Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) and the Cornpanies Act 2006. Blyth Star Entery)rises Limited meets the definition of a public benefil entity under FRS 102. Assels and liabilities are initially recognised at historical cost or trdnsactkon v'alue unless othenyise stated in the relevanr accounting poltcy noie. The financial .qtatemenls are prepared in Sterlin ivhich is the fimctional curtency of th¢ entity. Monetary amounts in these fmancial statements are rounded lo the nearesl £. aration of the Financial stateellts ou & Goin Concern Basis The trustees consider that there are no material uncertainties about the Charity's ability to continue a going concern. There are no sigllificanl judgements or ke). sources of estimarion uncertainty that effecl the lanCIal statements. c) Income All income is recognised once Ihe charity has entitlement lo the ineome. it is probable that the income will be received and the aniount ot" income receivable can be m&ured reliably. The following specific policies aTe applied to particular categories of income: Donations and grants are recognised 'be the charity ha5 been notified in writing of both the amount and settlement date. In the eveni that a donation is subject to conditions that require a level of perforanCe before the eDtitled to the funds, the income is deferred utttil ekther those conditions are fully met, or the fillfi1nnt of those conditions is iitholly Mrythin the control of the charity and it is probable that those condilions will be fulfilled in the repOrtll perio(L Inirstment income is included when receivable. Income froin trading acliTritie% is tecognised as eamed. Income from charitable aerivities is recognised when an inl'oice is rdised.
Page 46 BLYTH STAR E,N'TERPRISES LIIVIITED A COIllPANY LI)qrrED BY GUARANTEE NOTES TO THE FINANCIAL STATENIEINTS- YEAR ENDED 31ST MARCH 2024 ACCOUII'TII%G POLICIES fconhRiued) d) Fund Aecountin Unrestricted Funds are funds which are available for use at the discretion of the trustees in filltherance of the general objectives of the Charity and which ha not been designated for otber purposes. Designated Funds are funds in respect of (yranls received for capital purposes ivheTe the related capital asset has been purchased thereby sati%fymg the grant condition. The annual depreciation charge on these assets is charged to this fund. Desi(Fnated funds forni part of ihe Charity's unrestrlcted funds. Restricted Funds are fund5 hICh 2re lo be used in accordance 7th specific reslriclions imposed by donors or which h8N'e been rdised by Ihe Charity for particular PUTposes. The cosi of raising attd administering such funds are charged against the specific fid. enditure Expenditure is recognised once therc is a legal or constmctiTre obligation to make a paynent to a third party, it ig probable that %eltlefflent TrI1 be required and the amouni of the obligation can be measured reliably. Expenditure is ¢lassifLed under the folloi4.iug actii'iry headings.. Costs of Taising fiLnds comprise the costs of commercial trading inclLLded in Day activities and WoodworK and Nursery actI(leS. Charitable expenditure comprises those costs Èncurred by the charitv in the delivery of its activities and sern'ices. It includes both costs Ibat can be allocated direcily lo specific departments and those costs of an llidire¢t nature necessary to support them. Governance costs include those costs associated with meeting the constitutior1 and statutory requirejnents of the charity and include audit fees and costs linked to the strategic tnanag¢ment of the charity. ort Costs Support costs are those SjtiOns that a&sist in the Ork of the charily but do not diiectly undertake charitable activities. Support costs include office costs: fmance: pavroll and governance costs ivhich support the charity's activities. These costs have been inLluded within expenditute on charitable actiN'ities. 'ble Fixed Asset$ and Restricted Fiinds Bljth Star Enterprlses Limited may receii'e grants that can only be used for expenditure on fL¥ed assets. The director8 consider that the following FK)licies are required to tsatisfy their obligations under Company and Chariiable Law.'- Expenditure on the fixed asset is capithlise(L The fixed a8sel being depreciated over its use1 economi¢ life in accordance with the companVs arcouniing policy. Grant8 receii'ed specifically to fmance the expendithre are credited to a restricted fund and are transferred to unrestricted resen'es Trben ihe grant has. been spent and the restriction no longer applie.8.
Pa(ye 47 BLYfH STAR ENTERPRISES LIlTED A COIIIPANY LLNIITED BY GUARANTEE NOTES TO THE FINANCIAL sTATETETs- YEAR ENDED 31ST IIIARCH 2024 ACcOUT[NG POLICIES (conriniied) Ible Fixed Assets All fLKed assets are initiaEly recorded at cost. and subsequently stated 81 cost less any accumulated dgpieciation and irnpairn]ent losses. Depreciation is calculated lo ivrile off the cost of fIxed assets OlTer the expected useful lives of the assets concerned. The principal annual rates for this puryxise, Hihich are consistent with those of the previous year, are'.- Motor Vehicles 25 Teducing balance Plant and Equipment 20125 reducing balance Plant and EquÉpment 6.67110 straight line Fixtures and Fittings reducing balance Freehold Property straight line i) Stocks Stocks are valued at the lower of cost and net realisable value. Provision is tnade. where necessary, for obsolete and slow rnoving itetn8. j) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prttpaymenls are valued ai Ihe amount piepaid. k) Cash at Bank and in Hand Cash at bank and in hand comprises funds held in the CIlty bank current and deposit accounts and petty cash. l) Creditors and Provisions Creditors are recoguised where the charity has a present obligation resulting fro a past event that will probably result in the transfer of funds 10 a ihird party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nornially recognised al theit settlement amount after allowing for any rade discount received. eratin Leases Rentals payable under operating leases. includkng any lease incentives received. are charged to income on a straight line basis oi'er the term of the relei'ant lease eTcepT M,here another more systematic basis is morg repres¢nlative of the time pattern in which economic benefits from the lease asset are consumed.
Page 48 BLYTH STAR ENTERPIUSES LII¥qITED A COTrIP.4NY LII¥IITED BY GUAIL4NTEE NOTES TO THE FIJL'AINCIAL STTEIE_Ts- YEAR E,DED 31ST MARCH 2024 ACCOLINTING POLICIES Ic(pNlintsÈd) n) Dered Contribution Pension Plans Contributions to defined contribution pension plans are recognised as an expense in Ibe period in which the related service is provided. Piepaid contributions are recognised as an asset to the extent that the prepaymenl will lead to a r¢duciion in future pairynents or a cath refimd. o) Financial Instnunents A Financial asset or liabdity is recognised only when the entity becomes a paity to the contractual provisioThs of the instrument. Basic financial inStmentS are iniiially recotrnlsed at the Iransaction price, Lujless the arrangement constitutes a fmancino transaction. Ivhere it is reLognised al the present aIlle of the liLture payments discounted at a nTrrket rate of interest for a similar debi instrument. Debt it]5ttuments are subsequendy measured at a]nortised cost. LEGAL STATUS Blyth Star Enterprises Limited is a privaie company litw.ted by guarantee and as such has no share capital. In the event of the charitable coll]pally being wound up, the Trustees would be required to contribute an amount not exceeding £10. DONATIOIYS AND LEGACIES 2024 Total 2023 Total Ullrestricted Restricted Donations.. Day Activiti¢s and Woodwork Nursery Central Services Miscellaneous Projects 301 301 30.063 30,063 50,878 io 50,88S 30,366 30,366 Grants Receivable." 3,000 68,600 71,600 396.633 TOT AL INCo[E 33,366 68.600 101,966 447,521 In accordance ivith FRS 102 and the Charities SORP (FRS 102), the economic contrtbution of general volunteers is not recognised in tbe financial statemenls.
Page 49 BLYTH STAR ENTERPRISES LIMITED A COTrIPANY LIfvIITED BI. GLTAIUNTEE NOTES TO THE FINLNCIAL STATENIENTS- YEAR E,DED 31ST MARCH 2024 Dof*ATIO)L S AND LEGACIES (conijliiied) The eharily was very grateful to e1ve the following grdnts during the year: Jill Fra[in Charitable TTrLSt The D. Oyly Carte Charitable Trust Community Foundation 29 May 61 Chaiitable Trust The Sylvia Waddilove Foundation The Garfield Weston Foundation The Mel Weir Charitable Trust The Joseph Ftazer Strong Trusl 39.600 3,000 8,000 7,000 3,000 8,000 1,000 2.000 71,600 INCOME FROLII OTHER TRADDIC ACTIITITIES 2024 Total 2023 Unrestricted Restricted Income Derivedfrom Commereial Operations.. Day Activities and WOOdork Nursery 9.187 54,036 9,187 54,036 9,471 54,183 63.223 63,2?3 63,654 I}STMENT INCOIIE 2024 Total 2023 Total Lnrestricted Restricted Baitk Inferest Receivéd.. Central Serwices 6.696 6,696 1,254
Page 50 BLYTH STAR E]NTERPRISES LIIIIITED A COINIPANY LII¥IITED BY GUARANTEE NOTES TO THE FINAINCI.4L STATENIENTS- YEAR ENDED 31ST MARCH 2024 INCOIL IE FROIII CK4RITABLE ACTII'ITIES 2024 Total 2023 Total Unrestricted Restricted PROVISIOYI OF CLtEli'T SERF'ICES Care Managenienl.. Residential Service/Lilng Support Day Activtties and Woodwork Nursery Miscellaneous Projects 1.574.763 191,614 178,744 36,480 1,574,763 191,614 178,744 36.480 1,461,389 l47,972 169,060 42,479 RÉllts' und Housing Benefit.. Residenti ServicelLiving Support 223.689 223,689 135,497 2 ?05.290 2,205,290 1,956,397 OTHER CLIENT RELATED IIICOIIE Management Charges Ifteome.. Central Services Siudenls.. Residential Servi¢elLiving Support MisccllaneoHs Ineom#.' Day Aclivilies and Woodwork Nursery Central Sern'ices Mtscellaneous Projects Sale ofAsse15 Nursery 1.138 1,138 545 40 94 94 250 1,155 21 21 30 21 30 2.766 2,766 4,049 4,049 2.011 TOTAL INCOITrlE 2.?09.339 ?,209.339 1.958.408 COST OF IL415•G FUNDS - TRADLIIG OPER&KTXONS 2024 Total 2023 Total Unrestricted Restricted Duy Activities and Woodwork.. Opening Stock Purchases 6,054 2,585 1.510 1,510 1,510 1,510 8,639 Nursery.. Opening Stock Purchases Closing Stock 3,916 16,974 (3,917) 3,916 16,974 (3,917) 3,503 17.209 (3,916) 16.973 16,973 16.796 TOTAL COST OF RAISL¥G FLryDS 18,483 18,483 25,435
Page 51 a 4
Pagc 52 BLYfH STAR ENTERPRISES LII¥IITED A COML PILNY LtMITED BY GUARANTEE NOTES TO THE FI,ANCIAL STATELIIEINTS- YEAR ENDED 31ST MARCH 2024 NET INCOIIIE FOR THE YEAR Tki5 15 stated after charging: 2024 Tot21 2023 Total Audit Depreciation Operating lease costs.. Motor vehicles Property Telephone equipment 10,640 60,367 6,560 62,921 67,885 45.916 1,451 66,981 45,916 1,490 10 LNAL YSIS OF ST.4FF COSTS TRL,STEE .m[lERATlODi EXPEf%SES THE COST OF kTY LIL4NAGETrIENT PERSONI'NEL 2024 Total 2023 Total L"nrestricted Restricted Residential Servt¢e Day Activitie5 and W(Trodwork Nurscrics Central Services Lionhearts Project 824,318 116.351 161,065 322.296 65.735 30,205 39.600 854,523 155.951 161,065 322,296 65.73) 708,910 97.831 171,504 282,910 58,095 1,489,765 69,805 1,559,570 1,319,250 Staff costs include.. Employers National Insurnnee costs of £120.790 (2023.. £105,131) and a defined contribution pension charge of £27,762 (2023.. £21,546). One member of staff received emoluments in excess of £60:000 (2023.. 1). T. P. Chrisp receivcd remuncration: including pension contrtbutions and travel expenses, of £90,523 (2023.. £81,006) for his s¢rvices &5 Finance DireCtoriTn¢¢e. No remuneration, directly or indirectly, was paid or payable, from the funds of the Charity to any of its other d1ctOrStrU$t¢cS during the ycar, MTlth the exception of Dne trustee who was paid £9:440 {2023: £Nil) for her senices as Philanthropy and Marketing Manager. Other than as noted aboi'e. no Charity Trustees were paid or received any other benefits from employThenl ivith the charity in the year {2023.. £Nil) neither were they reimbursed expenses during the year (2023: £Nil). Thc key tnanagcmcnl pct50nnel of the Charitv cotnptisc the trustees, the chief executive, M5 J. Dixon, the finance director/chainnan, T. P. Cl)risp, and a consultant: G. Moore MBE. The total etnployee benefits of the key management personnel were £198,257 (2023: £165,018). I I STAFF Tr'UfvIBERS The averagc number of employees duting the }rat ivas as follows.. 2024 Nun]b¢r 2023 Trlumber Accommodation Worksbops and Day Services Central Services 42 15 39 15 65 61
Page 53 BLYfH STAR ENTERPRISES LIlITED A Coll IPANY LII¥IITED BY GUARANTEE NOTES TO THE FINANCIAL STATEfiiEINTS- YEAR Ell)ED 31ST MARCH 2024 12 TAN'GIBLE FIXED ASSETS Freehold Pro ert lotor Veliicles Fixtures & Fittin Plant & ui Total COST At 1st April 2023 Additions Disposals 1,665,i56 3,468 106,?66 22.112 519,512 4,002 (128,722) 2,313,446 7,470 (148,747) (19.100) (925) At 3151 March 2024 1,669.024 87,166 21,187 394.792 2,172.169 DEPRECIATION At 1st April 2023 Charge for year Disposals 70.153 9,0?8 (16.658) 15,031 1,833 (925) 375,905 32,850 (128.722) 545,348 60,367 (146,3051 16.656 Ai 3 1st March 2024 100,915 6?,5?3 15,939 280.033 459,410 NET BOOK VALb At 31st March 2024 1.568.109 24.643 5.248 114,759 1,712,759 At 31st March 2023 1.581.297 36.113 7.081 143,607 1,768,098 13 STOCKS 2024 2023 Nursery Old CliatLdlery 3.917 900 3,916 900 4,817 4,816 14 DEBTORS 2024 2023 Trade D¢btor5 Prepaynents and Accrued Income The Ivoodfuel Centre CIC Other Debtors 167,280 74,706 98,367 20 41,537 48,496 27,031 340,373 117,064
Page 54 BLYTH STAR ENTERPRISES LIIMITED A COTrIPANY LIIITED BY GUARANTEE NOTES TO THE FINANCIAL STATENIENTS- YEAR ENDED 31ST (ARCH 2024 IS CREDITORS 2024 2023 Amounts due within one vear:_ Trade Creditors Accruals Other Creditors PAYE and NIC Value Added Tax 21.800 60,117 114 33,933 1.020 17,886 95,899 195 5,384 369 116,984 119,733 16 COINfTrllTTrIENTS tJTh DER OPERATING LEASES Tbe total future mini1 Lease paYnntS under non-callcellable operating leases are as fi)Ilows.' 2024 2023 Not later than one year Later than l year and not later than 5 years Later than 5 years 84,688 59,552 105,060 87,120 144,240 19? 180
Page 55 BLYfH STAR EITERPRISES LIMITED A COMPAINI, LI)qITED BY GUARth:TEE NOTES TO THE FINANCIAL STATETrIEINTS- YEAR ENDED 31ST MARCH 2024 17 TAXATIO As a Charity, Blvth Star Enterprises Limited is exempt from LIK on income and gains falling within section 505 of Ihe Taxes Act 1988 or section 256 of the Taxation of Charueable GAins Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. 18 Af*ALYSIS OF NET ASSETS Unrestyieted Restricted Total Tangible Fixed A88ets Current Assets Current Liabilities 1,712,759 707.211 (116,984) 1.712,759 935,899 (116,984) 228.688 ?,30?,986 228.688 2,531,674 Af+4ALYSIS OF NET ASSETS - PREVIOLS YEAR Lnre5tricted Restricted Total Tangible Fixed Assets Current Assets CLllt Liabililies 1,768,098 485,883 (119,733) 1,768,098 741,724 1119,733) 255,841 2,134.248 255.841 2,390,089 19 AUDITORS REMUNERATIO 2024 2023 Auditors RemLULeraiion: As Auditors Accountancy PaJToII and Pension SeTrices 10,640 14,680 2,436 6,560 13.520 2,616 27,756 22,696
Page 56 BLYTH STAR ENTERPRISES LIMITED A COMPANY LINIITED BY GLTAIL4NTEE OTES TO THE FINANCIAL STATE.MEINTS- YEAR EN'DED 31ST M_4RCH 2024 20 STATENIENT OF FLY4DS Balance 15tA 2023 Balance 31st larch 2024 TraH5fer5 lllcome ended Unrestricted Funds . General 2,116.139 3.468 2.312.6?4 (2,147,334) 2,284,897 Revaluation Reserve 18.109 18,109 Restricted Funds: Capital Grants Thr Barbour FoutÈdJtiun The Evan c.ornish Foundation Northumb¢rland County Cour]cil - Community Chcst Schem¢ 29 May 61 Charitable Trubt Th¢ Sylvia Waddilove Four]dation The D'oyly Carte Charitable Trnsr The Gart-ield Weston FoLLndatioll 10.000 10.000 (10,000) ( i 0,000) 3.133 (3,133) {168) {167) 7,000 3,000 3,000 8.000 6.832 2,833 3,000 8,000 23.133 {23,468) 21,000 20.665 Restricted Funds: Revenue Grants Nationwide Building S(Kiery Communiry Grant Th¢ Sobell Foundatior] The Edward GostlTng Foundation Jill Franklin Charitabl¢ TFUSt Communiry Foundation 5,208 2,500 225.000 5208 (2:500} (30.?051 (39.600) 194,795 39,600 8,000 8,000 23?.708 (2.500) 47,600 (69,805} 208.003 ?J90.089 (?? 500} 2.381 ?24 (? ?17.139) 2,531,674
Page 57 BLYTH STAR ENTERPRISES LIMITED A COMPANY LIlITED BY GUARANTEE NOTES TO THE FINANCl&lL STATETrIENTS- YEAR ENDED 31ST MARCH 2024 20 STATEMENT OF FUNDS (conS¥nJ¢ed) Capital Grants Trausfer Grants of £20,000 brouuhi forward from the 2023 fncIal year in respect of the purchase of an eleclric vehicle have been transferred to The Woodfi1 Centre CIC, a company controlled by Blyth Star Enterprises Lirnited. Revenue Grants Transfer A grant of £2,500 brought foN'ard from the 2023 futhllcial year in respect of funding a support worker has been transferred to The Woodfi1 Centre CIC, a conwany controlled by Blyth Star Enterprises Limited. Unrestricted Funds These are lld6' which the trustees are free to use in aecordance Trth the eharity's objectives. Revalllation Reserve This represents the SUTplub between the ori(rinal cost of the Old Chandlery freehold property and the professional valuation in 2011 which was used as the property's deemed cost on transition lo FRS 102. Restricted Fund5 These are fld8 givezj for particular purpose5 and projects and are summarised as follow5: Copitul GraKts Tlke Barbour Foundation Monies received to acqtLire an electric vehicle. The Evan Cornish Foundation Monies reCeied to acquire an clectric vehiLIe. Northujnberland County Council - Con]munity Monies receiNped to create a building extension. Chest Scheme 29 May 61 Charitable Trust Tbe SYla Waddiloi'e Foundation The D'oyly Carte Charitable Trust The Garfield Weston Foundation Monies receied to creale a building extension. lonies receii-ed io create a building extension. Monies receii'ed to supporE the BaTren Land project. fonies recei&Ed to create a building extension. Revenue Grants Monies receied to supporE emploirynent of a tenaney manager. Nationi¥ide Building Society Community Grants The Sobell Foutldalion The Edward Gostling Foundation Jill Franklin Charitable Tn1 Community Foundation Monics ieceived lo support en]ployment of a support worker. Monies receii'ed to support Lii'ing Support services. Monies receii'ed lo support employment of a support worker. MoThies received to upgrade kitchen. Transfer Between Funds £3.468 of restrict¢d reserves has beetE spent on capital pendItUTe during the yeat and a transfer has been made to unrestricted reserves as the restriction no longer applies. 21 AJJ 'ALYSIS OF CHANGES IN NET DEBT At IA r2023 At 31 .NIar 2024 Ca5hfloivs Cash al bank and in hand 619,844 (29.135) 590,709
Page 58 BLYtH STAR ETERPRIsEs LIIlTED A CO,NIPANY LI.TrIITED BY GUARANTEE NOTES TO THE FINANCIAL sTATElE'TS- YEAR ENDED 31ST MARCH 2024 22 RECO)CILL4TIO) OF )ET fyIOVE)IENT [} FUNDS TO NET CASH FROM OPERATING ACTIVITtES 2024 2023 Nel Movement in Funds Depreciation {Profit)ILoss oll Disposal of A&sets Interest Income (Increase),q)ecrease in Stock (Increa%e)IDecrease in Debtois (Deciease)i'tncrease in Creditors 141,585 60.367 (2,766) (6,696) (i) (223,309) (2,749) 569,477 63,371 169 (1,254) 5.641 183.973 23,819 (33.569) 845,196 23 DIRECTORS, TRANSAcTIOs LYD REL.4TED PARTY TRLNSACTIO_NS T.P Chrisp is also a director of the Woodfuel Centre CIC. In the year to 3 Isi March 2024, Blyth Star Enterprises Limited received a managemeni charge of £1,138 (20?3: £545) and a donation of £30,000 (2023: £50,000) from The Woodfuel Centre CIC and paid to The Woodfuel Cetttre CIC a contribution of £Nil (2023: £1,635) toardS overheads in respect of the Woodwork Departtnent. Grants reLeii'ed of £22,500 (2023: £6.000) in respect of the purchase of an electric velllcle and employment of a support worker were transferred io The Woodfi1 Centre CIC during the year. At 3 1st March 2024 The Woodfuel Celltre CIC ow¢d £98.367 {2023: £27,031) to Blyth Star Enterprises Limited and this is shoNvn in year end debtors. BIWI Star Enterprises LiEnited Colltinue to proN'ide adInIstrative support free of charge to The Woodthel Centre cic. The dire¢tors bad no malerial interest in any other transaction enlered into by the charity during the year. No other transaction5 With related parties were undertakell such as are required to be disclosed under the Financial Reporting Standard applicable in thc UK and Rq)ublic of Ireland (FRS 102). 24 ULTI.MATE CONTROLLING PARTY In the opinion of the Trustees. there is no ultimate controlling party of the cbarity other than the Board itself. 25 AUTHORISED PUSH PAYMENT FIL4UD As reported last year, the charity was subjeci to a coinplex c}4)er fraud i&tiich led to seven frauduIent Iraitsfers amountmg lo £127,756 beino taken from one of the chariryos bank accowits. £64,822 was returned to die cbarity. Despite continued and persistent efforts from the ihe charit!, no fiJrtlr moni¢s hav¢ been recovered. The unrecovered illnount of £62,934 is sho1 as a cost iwitbin charitable expendiwre during the year.
Page 59 BLYTH STAR ENTERPRISES LIMITED A COIVIPANY LII¥IITED BY GUARMTEE DETAILED ANALYSIS OF INCO]¥IE AND EXPEfiDITURE YEAR ELYDED 31ST fvIARCH 2024 SUTrIIIIARY OF Th'COIVIE AND EXPEI)ITURE ACCOUNTS 2024 2023 RESIDENTIAL SERvICE[VING SUPPORT 672,026 627,972 DAY ACTIVITIES LLryD I¥OODWORK 61 36,542 36,381 NURSERY PROJECT 62 (10,625} 4,183 CENTRAL SERVICES {452,291} (318,759) LIONHEARTS PROJECTS (48,513) (35,085) 197,139 314,692 RECONCILIATION OF NET MOVETrIENT IN FUNDS AND INCOME AND ExPEDITuRE ACCOUNTS 2024 2023 INCOME AND EXPENDITURE ACCoUT SURPLUS FOR YEAR 197,139 314,692 REVENUE GRANTS RELEASED TO tN'COME EXPENDITLRE ACCOU (72,805) (100,232) CAPITAL GRANL TS RELEASED TO INCOME AND EXPE)DITLtRE ACCOUYI (31,849) (33,116) GILiNTS RECEIVED 71,600 394,133 GRANTS TRAIISFERRED (2?,500) (6,000) NET MOVEIVIENT IN FUIYDS Th Y&4R 141,585 569.477
Page 60 BLYfH STAR ENTERPRISES LIlITED A CONJPANY LITrTITED BY GUARANTEE DETAILED MALYSIS OF INCOlE EXPENDITbllE YEAR ENDED 31ST IVIARCH 2024 RESIDENTIAL SERVICEILIVING SUPPORT 2024 2023 ICOIWIE Provision of L'lieni Services.. Care Management Housing Benefit 1,574,763 223,689 1,461,389 135,497 Other Income.. Donations and Gift Aid Grant Release from Granl ReseTre Students 30205 7210 37,500 4,906 40 1,639,332 1,835,867 EXPEI%DITURE Wages Staff Pension Recruitment Expenses Activity Group Celebrations Cleaning Materials Social Trainin(F Escort Training Registered Landlord Fees Food Provisions Rent and Rates Heat and LiTrht Motor and Travel Expenses Printing Postage and Stationery Telephone TV Costs Repairs and Renew?Is Equtpment Hire and Maintenance In8uran¢e Mortgage and Loan Interest Professional Fees Healib and Safety Depreciation Loss on Disposal of Assets Sundry Expenses 839.618 14,905 1,067 697,649 11,261 700 22 1,000 2,804 5,572 1,338 15,660 11,028 25,562 17,352 124,328 3,495 7,529 352 23.615 4,808 19,131 19,821 240 1.664 16.206 169 54 1,422 3,691 6,117 1.941 29.182 10,300 33,861 6,472 123,043 2,481 9.588 i79 28.169 4.977 18,074 3,018 1.430 23,866 40 1,163,841 1,011,360 SURPLUS FOR YEAR 672,026 627,972
Page 61 BL YTH STAR E,TERPRIsEs LLNIITED A CONIPLN, Y LnqlTED BY GUARANTEE DETAILED ANALYSIS OF LNCOTrIE AND ExPElTURE YEAR ENDED 31ST ftrlARCH 2024 DAY ACTIVITIES AND WOODWORK Da}. Activities Woodjvork Total 2023 TIL4DDIG INCOTrIE Sales Cost of Sales Net Trading {Loss)IProfit 9,187 1,510 7.677 9,187 1.510 7.677 9,471 8.639 832 OTHER INC0IE Granlb Release from Grant Reserve Donations SLuidry Incotne Care Managejnent 39,600 2,064 301 94 191.614 39,600 2,064 301 94 191,614 33,170 1.679 250 147,972 241.350 241,350 183,903 EXPETr4DITURE 153.163 2.788 126 153,163 2.788 126 96,410 1,421 243 Staff Pensions Recruitment Expenses Activity Group Cleaning Materials Proleetive Clothing Training Food and Proi'isions Rent and Rales Room Hire ManaiFement Charge Heal and Light Motor and Travel Expenses Prinlinu Postaee and Siaiionery Telephone and Intetnet TV Costs Repairs and Renewals Equipment Hire and Maintenance Consultancy, Legal and Professional Fees Insurance Subscriptions Health and Safety Sundries Depreciation 1,508 92 302 7,021 1,508 92 302 7,021 22,672 145 779 125 666 4,694 22,508 145 1,635 5,358 1,913 986 1,738 347 ?,314 1,001 105 2.985 559 17 39 1,679 7,171 l30 942 ,821 359 1,685 880 7,171 130 942 1,821 359 1.685 880 922 799 207 922 799 207 2,064 2,064 204,808 204,808 147,522 SURPLUS FOR YEAR 36,542 36,54? 36,381
Page 62 BLYTH STAR ENTERPRISES LIMITED A COTrIPANY LITrIITED BY GUARLNTEE DETAILED Al%'.JlLYSIS OF IN"COIIE AIND ExPEll)[TURE YEAR E.YDED 31ST M1CH 2024 STAKEFORD NURSERIES PROJECT 2024 2023 INcO.lE Sales 54.036 54,183 COST OF SALES Opening Stock Purchases 3.916 3503 17.209 20.712 3.916 20.890 3.917 Closillg Stock 16,973 37.063 16,796 37,387 OTHER INCO1lE Donations and Gift Aid Grants Releas¢ trom Grant Reserve Pn)fit on Sale of A55ets Sundry Incotne Care Mana(yement 15.877 2.766 18.728 1.155 169,060 178.744 E97.389 234,452 217,284 254.671 EXPENDJTURE Wages Staff Pension R¢ctuitellt Expenses Celebrations Activity Group Cleaning NL lateria15 Protective Clothing Training Food Provisions Rent 2nd Rates Heat and Light Motor and Trdvel Expenses Advertising and Promotions Printing Postage and Stationery Telcphone TV Costs Repairs and Renewals Equipment Hire anil Maintcnance Consultancy, Legal and Professional Fees Insurance Subscriptions Bank Charges & Interest Health and Safety Sundries Depreciation Irrecoverable Input Vat 157.661 3.404 ()6 20 168.662 2.842 143 52 4,126 1,385 1,248 847 1,436 3,180 16,982 190 298 1,585 159 5,740 4,292 400 5.241 1.142 627 46 206 21.610 7,815 3.811 1.237 2.052 554 1,493 2,987 15,187 120 398 1,435 159 14.753 6.046 6.266 1.245 553 492 17,650 7,273 245.077 250.488 (DEFICIT)ISURPLUS FOR YEAR 10.6251 4,183
Page 63 BLYTH STAR ENTERPRISES LIlITED A COMI PANY LITrttTED BY GUARANTEE DETAtLED NALySIs OF INCOlE AND EXTENDITLTRE YEAR ENDED 31ST M.4RCH 2024 CE.NTRAL SERVICES 2024 2023 OTHER [t*cOlE Management Charges Grants Release from Grant Reserve Donalions and Gtft Aid Miscellaneous Income Bank Interest Recekved 1,138 3,000 6,698 30,063 21 6.696 47,616 545 2,500 7,803 50,878 21 1,254 63,001 EXPENDITURE Wages Staff Pension Recruitment Expenses Cleaning Materials Protective Clothing Celebrations Training Entertaining Food and Provisions Rent, Rates and Water Room Hire Motor and Travel Expenses Partnership Working Advertising and Promotions Printing Postage and Stationery Telephone and Internet Audit and Accountancy Cowsultancy, Legal and Professional Fees Repairs and Renewals Equipment Flire and Maintenance Insurance Subs¢rÉptions Bank Charges and Interest Health and Safety Sundry E.Kpenses Depiecialion Authorised Push Pa)rynent Fraud Irrecoverable Input Vat 316,643 5,653 49 20 277,695 5.215 25 14 37 4,698 393 63 86 12,396 493 1.598 300 1,954 2.237 2,165 21,570 6,339 4,061 525 733 301 1,625 342 148 23,876 1,357 688 47 12.396 417 2,917 250 6,332 3,411 2,016 27.438 13,727 6.662 862 570 1,235 33 91 16,787 62,934 17.372 12,871 499,907 381,760 DEFICIT FOR YEAR {452,291) (318,759)
Page 64 BLYTH STAR ENTERPRISES LINIITED A COMPANY LITrIITED BY GUAIL4NTEE DETAILED ILNALYSIS OF INC0IE EXPENDITURE YEAR ENDED 31ST MARCH 2024 LIONHEARTS PROJECTS 2024 2023 OTHER INCOME Care Management Grants Donations Sundry Income 36.480 42,479 1,221 io 30 36.510 43,710 EXPENDITURE Wages Staff Pensions Recruilnient Expenses Consunthbles Social Training Escort Training Food and Provisions Celebrations Activity Group Cleaninfj Materials Motor and Trai'elling Postage and Stationery Telephone Repairs and Renewals Equipment Hire and Mailltenance Bad Debts 64,723 1.012 102 57,288 807 99 1,000 348 134 1.091 36 61 26 16.137 363 988 28 135 448 16 12,010 123 861 435 162 85,023 78,795 {DEFICIT) I SURPLUS FOR YEAR (48.i13) (35,085)