2022-03-31-accounts - Bs3 Community Development

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BS3 Community
Development
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Report and Audited Financial
Statement
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31 March 2022

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BS3 Community Development

The Southville Centre, Beauley Road, Southville, Bristol, BS3 1RQ

Registered charity no: 1000544. Company limited by guarantee no. 2542176

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Contents
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Reference & Administrative Details	3
Chairs Statement	5
CEO Statement of Objectives and Activities	6
Achievements and Performance	7
Our Work	8
Early Education & Childcare (EE&C)	8
Community and Engagement	10
Community Centres, Room Hire & Events	11
Income Generation	12
Our Team	13
Future Plans	15
Financial Review	16
Structure, Governance & Management	19
Audit Report	25
Financial Statements	29

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Reference & Administrative
Details
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Company number 02542176. Charity number 1000544.

Registered office and operational address:

The Southville Centre, Beauley Road, Bristol BS3 1QG.

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Peter Duncan Bird		Co-Chair
Peter Thomas Phillips		Co-Chair
Jenny Alice Brown		Co-Vice Chair
Mark Andrew Coates		Co-Vice Chair
Catherine Hector	(resigned 11/03/2022)	Treasurer
Sarah Louise Hughes
Isabel Katherine Sibley Kearney
Jessica Woodsford	(resigned 22/10/2021)	SENCo
Elizabeth Jane Normand		SENCo & Safeguarding
Elsa Maters	(resigned 04/10/2021)
Zoe Frances Rice	(resigned 07/10/2021)
Rosemary Susan Tomlinson	(resigned 13/02/2022)
Sally Elizabeth Jaeckle	(resigned 13/09/2021)

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Reference & Administrative
Details
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Company Secretary and Chief Executive Officer

Dr Simon Derek Hankins

Bankers

Co-operative Bank, PO Box 250, Delf House, South Way, Skelmersdale, WN8 6WT. Lloyds Bank, 284 Wells Road, Bristol, BS4 2PY.

CAF (Charities Aid Foundation) Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ

Auditors

Godfrey Wilson Limited, chartered accountants and statutory auditors. 5th Floor, Mariner House, 62 Prince Street, Bristol, BS1 4QD.

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Chairs’ Introduction
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As joint chairs of the Board of Trustees, we are pleased to present the Annual Report and Financial Statements describing BS3 Community Development’s work during 2021-22. It has been a busy and challenging year for all of us as we adapt to the postpandemic environment and work to restore a sense of normality to BS3 Community.

We are delighted to have fully re-opened our centres, welcoming the community back to use our room-hire facilities and to enjoy the variety of activities based here. Our café has been refurbished and re-opened as a welcoming community hub following the ethos of ‘Connecting, Supporting and Developing our Community’. This is an inclusive space, intended to link our community services with people, becoming a place to meet and access fresh and healthy food.

A generous grant from the Power to Change Community Business Fund, with match funding from the Enovert Community Trust and the Veolia Environmental Trust, has enabled much-needed maintenance and improvement works to be carried out to the Southville Centre. Visitors will notice the significant enhancements that have been made to the Milford Hall, café, entrance, and reception areas.

With support provided by The Cranfield Trust, we have carried out an evaluation of our organisational structure and employee roles. Individuals have also been part of a programme of mentoring and leadership coaching, providing an opportunity for personal growth and flexibility to adapt to the changing needs of our community. This will also support future recruitment and allow opportunities for internal career progression.

The Board of Trustees is justifiably proud of the achievements of our staff and volunteers, particularly under the continuing challenging circumstances. We have not only managed to survive but have also implemented measures which will improve our resilience and adaptability over the coming years. As ever, the trustees will continue to work with the management team to ensure that the excellent outcomes and achievements by BS3 Community Development continue.

On behalf of the Board, we would like to thank everyone for their dedication and support over the last twelve months.

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Chief Executive Officer’s
Statement of
Objectives & Activities
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During the second year of the pandemic and with Brexit, we expected planning for 2021-22 to be difficult. As we began to emerge from the pandemic with the ‘new normal’, this proved to be the case, as restrictions were lifted and state support withdrawn.

In the early days of the pandemic everyone worked hard to respond and learn about the impact of the restrictions. We had to adapt, re-shape and re-purpose our services, activities and operations to continue supporting communities in the BS3 postcode. Our need for resilience and non-stop response in spite of increased staff absences (due to Covid-19) proved strenuous. There was further pressure to recruit in an already challenged sector; the need for staffing ratios in the nursery setting and the demand for our front-line teams to be out in the community, meant that everyone had to pull together to keep our services going.

With the withdrawal of the Government’s financial support, there was an increase in competition for charitable trust funding and foundation grants, which was a financial challenge for the charity. However, through careful management, strong leadership and continued hard work, we ended the year with a small surplus.

Through the dedication of our teams, followers and local community, we have achieved a huge amount over 2021-22. The impact of the pandemic elevated the reputation of the Voluntary & Community Sector (VCS). This enabled us to step forward in supporting our communities, the work of Bristol City Council, NHS and others.

Looking ahead at current affairs like the cost-of-living crisis, the Russian invasion of Ukraine and the fuel price increases, we will be reflecting on their impact in our 202223 review with the same determination to overcome challenges that may lie ahead.

Dr Simon D. Hankins, CEO

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Achievements
and
Performance
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We are proud of what we have achieved over 2021-22. As always, our teams are at the core of everything we do and make our successes possible. Here are some of our highlights;

Re-opened our community centres in July;
Expanded our nursery offer by opening a new room for our one-year-olds;
Undertook renovation works of the Southville Centre, making it more energy efficient, safer and inviting for community use;
Continued to support the BS3 COVID-19 Mutual Aid Group;
Renovated and launched our café, The School Room;
Continued to work on the ‘Make It Local’ initiative (in partnership with Bristol City Council’s (BCC), Adult Social Care);
Became involved with Community Connectors;
Grown our nursery offer to local families;
Become further involved in the NHS Health and Local Authority Social Care integration and transformation initiative;
Are actively involved with the South Bristol Locality Partnership;
Part of trialling new approaches that focus on the wrap-around support for people’s medical and social needs;
The Chessel Centre was inspected by Ofsted in June 2021 with recognition for “good, with outstanding elements.”; and
Successfully completed BCC’s two-year Ambitions Programme and achieved gold awards within The Bristol Standards.

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Our Work
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Early Education & Childcare (EE&C)

We provide 103 nursery places for children between the ages of 1 and 5 years at the Southville Centre and a further 54 spaces at the Chessel Centre.

Our mission is to provide a safe place with high-quality, inclusive care and education. We aim to support children in becoming active, inquisitive and independent learners by providing educational plans based on individual needs. We strive to build secure attachments and support emotional wellbeing through positive, meaningful relationships with both children and parents or carers.

During 2021-22, our nurseries had three main areas of focus;

Ensuring continued high-quality provisions;
Supporting disadvantaged children; and
Achievements recognised by Ofsted.

Demand for full-time early education and childcare remains high in the BS3 area. We have extended wraparound care for children in the Raleigh room, supporting termtime only families. Furthermore, we have developed and expanded our early years offer at the Southville Centre by adding an additional room for our 1- to 2-year-olds.

The decision to create an additional room, stemmed from the need to divide our 1 to 3-year-old room, to reduce capacities during the pandemic. We noticed an increase in the wellbeing of our youngest children. The Beauley room opened in April 2021 and has been well received and extremely successful, offering up to fifteen placements.

We are passionate about keeping our team up to date and making improvements through looking at new research, implementing projects and reviewing practices, policies and procedures. We have been building our city-wide network; the team have connected with health and social care professionals, working with BAND and South Bristol Network for Early Years Professionals to exchange visits and share advice on best practice. We have been working with health professionals to support our staff, helping tackle issues of social, geographic and economic isolation.

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Our Work
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We have developed further plans and projects to help ensure we continue to provide safe and secure environments for children;

We have applied for funding from BCC to further invest in children with Special Educational Needs and Disabilities (SEND) This funding will allow for a greater number of staff in our rooms and benefit children that require enhanced individual support;
Since parent-partnership is a key part of our vision, we have developed the involvement of parents in children’s development through face-to-face meetings, discussing progress and strategies, offering information, resources and advice. Furthermore, we offer networking opportunities to our families;
We offer families additional support during the Christmas period and half term breaks, especially those in receipt of EYPP and two-year-old funding;
We are splitting our three years-plus rooms into; a.) school leavers and b.) children who will return after the summer. This will enable us to focus on the requirements and interests of each group. It also allows an opportunity to fully prep and support the children in advance of their move to primary school in September;
Part of our development plan for 2021-22 was to include sociological community objectives into our EE&C services. We have seen the return of our popular weekly toddler group and our intergenerational grandparent and grandchild group;
Extra-curricular activities such as French and Spanish lessons and local farm trips have been taking place, proving popular and successful with 42 children accessing these sessions each week; and
During February we were part of the South Bristol Lantern Parade involving huge support from our families and we will be involved again this year.

We are extremely proud of our nursery settings and feel honoured to support local families in giving children the opportunity for the best start. Our team is dedicated to achieving high standards and further develop our offer.

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Our Work
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Communities & Engagement

Following government guidelines, our centres were closed during the pandemic to protect the staff and children in our nurseries.

We remodelled groups and activities to support our older friends, initiating programmes such as doorstep birthday deliveries, intergenerational story times, volunteer led regular phone call check-ins, jigsaw swaps and when weather permitted, tea in the park. We engaged with our younger members of Bedminster Youth Club via weekly blogs and vlogs. Our social prescribers continued to support people over the phone, instead of at the GP surgeries. We ensured that updates from the Council and Health Partners were shared with the community.

As an organisation we have experience in addressing isolation and loneliness. We engage with what residents want and need in order to help them feel connected during uncertain and challenging times. We set up a multitude of initiatives to help combat these issues:

Share Talk and Remember group (STAR) a bereavement and loss peer support group;
Check in and Chat befriending service, a programme matching volunteers with like-minded residents for regular phone calls; and
Mental health peer support groups, in Bedminster and Ashton in partnership with Changes Bristol.

We continue to support economically vulnerable residents with access to fresh and affordable food, working with Family Action, the Larder and Bedminster Food Club. We also have been working closely with local schools, arranging funding through council grants for essentials; food, school uniforms and utility bills.

There is an increased demand and value for the voluntary sector. The need for services has meant an increase in our partnership opportunities, working with organisations across Bristol City, North Somerset and South Gloucestershire (BNSSG). Amongst this, we are involved with the community mental health framework and adult social care redesign.

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Our Work
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Community Centres, Room Hire & Events

Since re-opening our Centres, we have seen the return of the groups and activities affected by the pandemic that use our spaces, including our Monday Club for older people, now celebrating its 31[st] year.

The significant funding we received has allowed for improvements to our buildings and room hire spaces. The Southville centre has undergone some major principal works; in the Milford Hall; the dated sound absorber has been replaced with acoustic panels, parquet flooring refurbished, brickwork and walls repainted and windows repaired. At The Chessel Centre work in the garden has been undertaken with renovations to drainage, installation of soft surfaces to the outdoor play area and an upgrade of the treehouse. Emergency defibrillators have been installed at both our sites for community use.

We continue to be an active, accessible and engaging community hub promoting local groups and offering a space for community networking with the café being pivotal to this. We also offer free noticeboard and website advertising and a photocopying service. In early 2022 we re-shaped our venue hire offer with a view to facilitate weddings. Taking our wedding catering offer in-house we delivered two successful weddings at the start of the year. We have further promoted our services to increase enquiries and secure room-hire contracts for next year and beyond.

We are currently building our network of regular clients for meetings and events and exploring unique community offers for ad-hoc events, hosted by both us and other organisations. We are reviewing Christmas and other seasonal, cultural or city celebrations in order to build our presence within the community and focus on ways that enrich the lives of local people.

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Income Generation
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Early Education & Childcare

Our nursery provision generates income through the delivery of government funded Free Early Education Entitlement (FEEE) spaces, alongside nursery spaces paid for by parents. This supports our wider offering throughout BS3 Community Development and the running of the centres.

Community Centres, Room Hire & Events

During the pandemic, room hire, community groups and activities halted with the closure of our centres, directly impacting income. However, classes have been returning along with a schedule of new activities. We have introduced a tiered bracket system for room hire costs, opening the offer to the community whilst supporting local businesses and residents. We continue to build back our activities and expand our room hire offer.

Grant Writing

In 2021-22 we applied for 22 grants that had a total value of £521,000 of which we secured £75,700 from six funders. The focus for our fundraising approach was on rebuilding our trading activities; nurseries, room hire and events, as well as developing our business case to bring our catering and café in-house.

Music Space sub-lease

A regular five-year rent review was undertaken by Vickery Holman who recommended an uplift; this was implemented in June 2021. Music Space’s sub-lease ended 31 March 2022. We have worked with Vickery Holman to develop Heads of Terms with Music Space, a new sub-lease for a further ten years has been finalised and a new underlease signed.

Café & Catering

Due to the pandemic, the café space at the Southville Centre was closed and food for our nursery rooms was delivered by Kate’s Kitchen, a local caterer. The contract with Kates Kitchen ended on 31 August 2021 and we have now taken the café in-house.

Fundraising Activities

Due to the pandemic, no fundraising activities were undertaken. However, with the reintroduction of the café and events spaces, we have plans to revisit fundraising activities.

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Our Team
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By the end of 2021-22 we had 96 employees

39 full-time
49 part-time
8 with casual worker contracts

Equivalent to 61 full-time employees, with a total of 55% of the workforce based in the BS3 postcode area. A number of staff reach key long service milestones: 7 with five years, and 1 with ten years, 1 with fifteen years, and 1 with twenty-five years.

During the height of Covid-19 we had a phenomenal 1,152 volunteers, many of whom volunteered at the local vaccination clinic whilst on furlough from their employment. Our regular volunteer numbers, operating within a range of our services are between 40 and 60, each typically offering between 2 and 5 hours a week.

At the end of 2021-22 we had 7 Trustees and 4 Probationary Trustees. All of whom are from the BS3 postcode area. Our Trustees play an active part in our work; with a Trustee dedicated to each nursery room and Elizabeth Norman as our SEND and Safeguarding Trustee.

We aim to recruit professionals that are passionate, enthusiastic and share values with those of the charity. We have 4 qualified teachers working across our centres, helping to ensure that each preschool room is led by QTS teacher. Within our recruitment process, we focus on promoting equality, diversity and inclusion and we continue to develop processes for this.

In 2021 we appointed our first apprenticeship and following the success of this, will have a further 3 apprenticeship opportunities available across the different levels within our team structure. This includes linking with local colleges and universities. We offer support, coaching and training to students via our continually growing internal training hub, shared knowledge and resources.

We invest in staff continuing professional development with 4 main certifications.

2 Employees received their Early Years Level 3 certifications;
1 Employee completed Higher Level Teaching Assistant qualification (HLTA); and  1 Employee achieved AAT Advanced Diploma in Accounting, Level 3

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Our Team
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Other non-statutory training included:

Understanding Autism
Minute-taking
Understanding Autism, Asperger's and ADHD
Ascent Early Leaders Training Programme
First Aid
Manual Handling (of children)
Child Protection and Safeguarding
Food Hygiene (Level 2)
Adult Safeguarding
THRIVE mental health champion training
Creating an inclusive workforce
Staff Resilience and Wellbeing
Domestic Abuse Awareness
Safer Recruitment
Designated Safeguarding Lead
Training in Makaton sign language
Fire Warden
Body Image Awareness
Managing Medication

We re-structured departments between July and September 2021 to bring together our three main areas of work; Finance and Operations, Early Education and Childcare and Communities & Engagement. Two departments restructured as follows;

Communities and Engagement:

Facilities
Engagement (communications, reception, room hire, events)
Café & Catering
Community Development
Community Webs Social Prescribing

Finance and Operations:

Accounts
Payroll
Human Resources
Policy Development

We thank all our staff, volunteers and trustees for their commitment to the charity with flexibility, understanding and support to one-another, throughout the pandemic and other challenges of 2021-22.

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Future Plans
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We have initiated a new approach for the updating of our three-year business plan, aiming to involve a greater number of people from our community. We are seeking to understand the current pressures and challenges that our local community experience, exploring our place in supporting people in the things that matter most to them.

We are working closely with Bristol City Council, Adult Social Care, within their Make It Local initiative and pursuing the development of an ‘Introductory Agency’ Community Business, that will match local Care Seekers with local Care Givers. We hope to make significant progress with this development over the coming months.

We are involved in the NHS Health and Local Authority Social Care transformation programme that has resulted in the formation of an Integrated Care Board (ICB), with the Bristol North Somerset South Gloucestershire (BNSSG) area being divided into six ‘Localities’ with South Bristol being one. Our CEO is the Deputy Chair of the South Bristol Locality Partnership (SB-LP) Board. The SB-LP Board brings together the key NHS, Local Authority Social Care providers and other VCS organisations in order to integrate Health & Social Care. This will have impactful benefits for those living and working in the BS3 area, as well as the charity.

Our Community Webs Social Prescribing service will continue to operate within Bridge View Medical Primary Care Network (PCN) in partnership with Knowle West Health Park to provide a Social Prescriber for Bedminster Family Practice (part Swift PCN).

Our teams have been reviewing our approach and position on equalities, diversity, inclusion and belonging (EDIB). This continuing work will be built on what has been achieved so far, as well as our ambitions for change in the future.

Our nursery expansion plans are back on for the implementation of an intergenerational nursery care, co-located in an older people’s care home. This is an ambition since participating in the Channel 4 TV programme ‘A Care Home for 4-YearOlds’. We are pursuing developments following the purchase of the Vassal Centre, Fishponds (North Bristol) in 2021 by Bristol Charities, who plan to re-develop the site. This will include older people’s sheltered accommodation, a nursery, current tenants and affordable housing for younger adults. After undergoing a tender process, we have been selected as Bristol Charities nursery provider of choice. Our work with Bristol Charities will allow us to develop a curriculum for the nursery children that incorporates meaningful interactions with the older residents.

We will continue to explore opportunities to increase income generated by our community-based businesses, lease contract, service level agreements, grants and fundraising activities. Bringing our catering and café offer in-house is a new community business venture for the charity with much potential.

Investment Policy & Performance

BS3 Community Development has a measured attitude to risk, consciously investing cash funds into financial institutions/companies involved in the Financial Services Compensation Scheme (FSCS). During 2022/23, BS3 Community Development will continue to review its investment policy and seek to protect reserves and cash held by the organisation.

As of 31 March 2022, BS3 Community Development had investments in different term funds, namely:

Business bank accounts;
Deposit bank accounts (instant access); and
Savings bank accounts (instant access).

Investment Decisions

Where appropriate, the Head of Finance and Operations proposes new or updated investments to the Finance sub-committee; these are actioned only if approved by that standing committee and sanctioned by the full board.

Investment Management

BS3 Community Development investments are reviewed according to the terms of the investment. Investments are monitored to ensure that the interest rate secured is acceptable to the Finance sub-committee members and trustees.

Going Concern

The Trustees are confident that BS3 Community Development remains a going concern.

As of 31 March 2022, the charity held unrestricted, general free cash reserves of £684,049. This is made up of unrestricted, undesignated funds and are not committed to or invested in tangible fixed assets, long-term liabilities, or liabilities due within 12 months. These liabilities due include loan payments, charity bond interest payments although exclude the repayment of the charity bonds of £560,000.

Trustees are planning to finance the repayment of the charity bond through the general funds of the charity (a figure of £280,000) and through a loan/mortgage with CAF Bank limited (a figure of £280,000). The charity’s forecasts through to March 2023 show the cash-flow projections falling no lower than £587,000.

As of 31 March 2022 the cash balance was £1,101,452. An unrestricted surplus of £99,220 (which increased to £158,673 after transfer between funds), this was generated over the course of the fiscal year.

The trustees consider that the charity has sufficient unrestricted, undesignated funds along with the re-mortgaging of the Chessel Centre to pay back the charity bonds. Projected income for childcare and community services and grant raising continues to make the charity a viable going concern for a period of at least twelve months from the date on which these financial statements are approved. The trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts.

Financial Risk Management, Objectives & Policies

Trustees are integrally involved in the scrutiny of organisational planning and in reviewing all major risks. Sub-committees also support the Senior Management team (SMT).

2021-22 saw the return of sub-committees, with a new Café & Catering sub-committee (replacing the task and finish group) and the restructuring of the BS3 Community Development sub-committee. This replaced the Communities & Engagement subcommittee. Financial reports are prepared for the Finance sub-committees and reported to the board of trustees via regular meetings.

Close oversight of financial performance and especially cash-flow, continues;
The charity maintains a Risk Assessment Framework and Risk Management Policy which includes a financial risk section;
The register is updated and reviewed quarterly;
The SMT, members of the Finance sub-committee, other sub-committees and the board of trustees review financial reports on a regular basis;
All payments are approved/authorised by a minimum of two members of SMT;
Transactions exceeding £2,000 that do not appear in the budget have trustee authorisation in addition to SMT authorisation.

Principal Risks & Uncertainties

The most significant risk for BS3 Community Development is the requirement to repay or refinance our Charity Bonds (£560,000). Repayment is due at the end of February 2023. The charity is currently negotiating a new loan/mortgage for the Chessel Centre which will be in place during the winter of 2023. The charity also has sufficient funds to support the repayment of the charity bonds, with half the money being raised through the Charities Aid Foundation Bank and the other half being paid via general funds.

We recognise the cost-of-living crisis, along with an increased demand on the charity’s services which may in turn reduce financial capacity of our customers and service users. The charity continues to research and apply for charitable funding for the support of services and needs of the organisation and the community it serves.

Post pandemic, we have also noticed changes in service user and customer behaviour, although this appears to be changing and customers settle back to prepandemic working patterns. Any changes in customer make up and service users translate into financial transactions that still produce a balance comparable and higher than prior years, we note this change and are working to ensure we continue to receive maximum occupancy of services and to analyse income streams.

Last year we identified the climate of fundraising as a significant risk. However, we have not found this to be the case. We continue to review our fundraising action plan and keep a focus on this area of our work. At a time when demand for funding is increasing due to post-pandemic impacts and the cost-of-living crisis this may yet restrict the level of funding available in the future.

Another principal risk is the charity’s opening of the café and catering provision. In 2021 the charity and Kate’s Kitchen parted company. Although the initial investment into the café has been supported by Power to Change funding, we recognise that the café will take time to establish and therefore remains a risk during this period.

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Financial Review
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Reserves Policy

It was agreed that during 2022-23, the charity would start to use a risk-based analysis to set reserve figures, based on the make-up of the charity’s income, although at the time of this report the work had not been undertaken.

Designated funds set aside to contribute towards the repayment of the charity bonds, were transferred to general funds in March 2022. In May 2022, trustees agreed to a further £80,000 should be used towards the charity bond repayment bringing the total of funds to be used to half the debt, or £280,000.

The financial risks and liabilities the charity could be exposed to, should it be forced to close have been reviewed and a Reserves Policy was previously adopted. The range and level of reserves required by the charity is set out below and prioritised in the following order:

In the medium-term the charity had previously required to set-aside finances for the repayment of £560,000 to the ‘SCDA 4% Charity Bonds’ investors by the end of February 2023. The intention being to reduce the level of a loan, to seek appropriate re-financing of the residual amount. The level of funding required had been agreed at a minimum of 50% of the cost of the charity bond, and a process is underway to secure the loan and ensure repayment in February 2023. As the liability moved from long term to short term debt, designated funds set aside for this purpose were moved into the charity’s’ general funds.
To fund a total of £498,563 was set as a target which represents three months trading from our 2021-22 budget. The charity’s free reserves of £684,049 (see Going Concern above) meet this target.

In 2021-22, the charity’s strategy for financial survival was to focus on continuing to provide services, principally through its primary trading activities and funded services. The charity further secured contracts/service level agreements with statutory sector organisations (and others), as well as submitting applications for grant funding and unrestricted grants through the local and national Governments. This strategy has been re-enforced by the continuing impacts of the COVID-19 pandemic.

BS3 Community Development agree income and expenditure levels during the annual budgeting process, alongside scrutiny of income streams and expenditure requirements during the year. Levels of surplus income are reviewed during each financial year.

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Structure, Governance
& Management
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Constitution

The company is constituted under an Articles of Association and is a registered charity, number 1000544.

Method of Appointment or Election of Trustees

Trustees of BS3 Community Development are all volunteers. Trustees are each elected and co-opted under the terms of the Articles of Association for a period of up to nine years.

The management of the charitable company is the responsibility of the trustees. The trustees constitute as directors of BS3 Community Development for the purposes of the Companies Act 2006 and are trustees for the purposes of the Charities Act 2011.

There is a limit of fifteen trustees who can be elected by the BS3 Community Development membership at the Annual General Meeting (AGM). At the AGM, either one third or three (whichever is the greater number) of the trustees stand for reelection. If they so wish, or if agreed by the board, the longest serving third or three, step down and put themselves forward for re-election. The chair (or co-chairs) and vice-chair (or co-vice-chairs) are elected annually by the trustees at the first meeting following the AGM.

Policies Adopted for the Induction and Training of Trustees

To ensure that new trustees are appointed regularly, the board undertakes a regular skills audit of current trustees and matches those against the skills required by our strategic business plan. When recruiting new trustees, the board aims to attract a diverse range of candidates who have the skills, expertise and experience the charity needs.

Potential trustees are given a formal induction to the charity and provided with the Articles of Association, business plan, information on our activities and services and organisational structure. Trustees are also given information on the role’s responsibilities and charity law.

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Structure, Governance
& Management
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Trustees undertake a formal probationary period, during which they are expected to become a member of BS3 Community Development, become familiar with our activities and attend at least three trustee board meetings as an observer. On completion of a probationary period, they can be formally co-opted as a trustee by the trustees prior to standing down and be put forward for election at the next AGM. Prior to being elected, potential trustees complete a formal trustee declaration.

Pay Policy for Senior Staff

The SMT salary and rewards are associated with specific roles, which are not gender specific. Parity is sought between the same or similar jobs. During 2021-22 the charity undertook a Job Evaluation with external support from Chris Mitford-Slade, the Cranfield Trust and Lucy Downes, a UWE master’s student. Job families have been created which map job roles against a set of essential criteria. Three job families have been created within which to map our job roles. This process brought to light changes within the senior staffing roles and led to new job descriptions being constructed based on the needs of the charity and the areas of responsibility taken by existing staff.

Organisational Structure and Decision-making

The board of trustees is ultimately responsible for the overall control and strategic direction of BS3 Community Development, including ensuring that the organisation abides by any legal requirements. Day-to-day management is delegated to our CEO and the senior management team.

The senior management team comprises of:

Becca McDougall, Head of Finance & Operations
Kelly Murphy, Head of Early Education & Childcare
Ruth Green, Head of Communities & Engagement
Simon Hankins, Chief Executive Officer
Dawn Lockhart, Head of Communications (left July 2021)

The trustees have paid due regard to the Charity Commission’s public benefit guidance in their strategic direction and decision-making process.

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Structure, Governance
& Management
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Membership

BS3 Community Development is a membership organisation. Anyone can become a ‘Member’ with a two-year membership costing £2. Trustees must be members.

Each year, BS3 Community Development has an Annual General Meeting where all members are entitled to vote for those standing for available places on the board of trustees.

We also have ‘Supporters’; there is no fee to be a supporter. Supporters receive regular news about what BS3 Community Development.

Risk Management

The trustees have adopted a Risk Management Framework and have considered the major risks to which the charity is exposed. This framework is understood by trustees and is actively considered (where practically possible) in staffing structures, benefits packages, recruitment, review systems and training budgets, including trustee training.

The trustees are satisfied that all operational systems are in place to ensure sound governance and management of the charity; this has been upheld in the monitoring undertaken by our funding bodies and auditors.

Trustees’ Responsibilities Statement

The trustees (as directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the Financial Statements. This is in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each fiscal year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure for that period. In preparing those financial statements the trustees are required to:

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Structure, Governance
& Management
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Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards and statements of recommended practice 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 that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and which enables them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware:

There is no relevant audit information of which the charitable company's auditors are unaware; and
The trustees have taken all steps that they ought to have, to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

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.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

The auditors, Godfrey Wilson Limited, have indicated their willingness to continue in office. The designated trustees will propose a motion re-appointing the auditors at a meeting of the trustees.

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Structure, Governance
& Management
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Trustees’ Statement

The trustees (as directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of BS3 Community Development (the company) for the year ending 31 March 2022.

The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the SORP, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard, applicable in the UK and Ireland (FRS 102) (effective 1 January 2019).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Approved by the trustees on 10 November 2022 and signed on their behalf by

Peter Bird

Peter Phillips

Peter Bird and Peter Phillips, Co-Chairs

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Independent auditors' report
To the members of
BS3 Community Development
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Opinion

We have audited the financial statements of BS3 Community Development (the 'charity') for the year ended 31 March 2022 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
▪have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Independent auditors' report
To the members of
BS3 Community Development
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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the trustees’ report (incorporating the directors’ report) have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;
the financial statements are not in agreement with the accounting records and returns;
certain disclosures of trustees’ remuneration specified by law are not made; or
we have not obtained all the information and explanations necessary for the purposes of our audit.

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Independent auditors' report
To the members of
BS3 Community Development
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Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, 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 accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

Identifying, evaluating and complying with laws and regulations, and whether they were aware of any instances of non-compliance;
Detecting and responding to the risk of fraud, and whether they were aware of any actual, suspected or alleged fraud; and
Designing and implementing internal controls to mitigate the risk of non-compliance with laws and regulations, including fraud.

(3) We inspected the minutes of trustee meetings.

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:

▪Testing the appropriateness of journal entries;

▪Assessing judgements and accounting estimates for potential bias;
▪Reviewing related party transactions; and

▪Testing transactions that are unusual or outside the normal course of business.

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Independent auditors' report
To the members of
BS3 Community Development
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Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Godfrey

Date: 10 November 2022

Alison Godfrey FCA (Senior Statutory Auditor)

For and on behalf of:

GODFREY WILSON LIMITED

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

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BS3 Community Development
Statement of financial activities (incorporating an income & expenditure account)
For the year ended 31 March 2022
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Restricted Note £ Income from: Donations 3 26,676 Charitable activities 4 Early Education and Childcare 224 237,638 The Centres 47,700 Total income 312,238 Expenditure on: Raising funds - Charitable activities Early Education and Childcare 593 209,752 The Centres 96,676 Total expenditure 6 307,021 Net income 5,217 Transfers between funds (59,453) Net movement in funds 7 (54,236) Reconciliation of funds: Total funds brought forward 271,338 Total funds carried forward 217,102 In Community and Older People's Services In Community and Older People's Services	Unrestricted £ 47,953 1,658,582 - 22,627 1,729,162 15,332 1,492,533 379 121,698 1,629,942 99,220 59,453 158,673 957,405 1,116,078	2022 Total £ 74,629 1,658,806 237,638 70,327 2,041,400 15,332 1,493,126 210,131 218,374 1,936,963 104,437 - 104,437 1,228,743 1,333,180	2021 Total £ 272,446 1,317,284 353,715 196,309
			2,139,754
			41,670 1,088,828 355,123 149,542
			1,635,163
			504,591 -
			504,591 724,152
			1,228,743

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.

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BS3 Community Development
Balance Sheet
As at the 31 March 2022
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Note Fixed assets Tangible assets 11 Current assets Stock 12 Debtors 13 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 14 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than 1 year 15 Net assets 16 Funds 17 Restricted funds Unrestricted funds Designated funds General funds Total charity funds	£ 924 108,207 1,101,452 1,210,583 (837,531)	2022 £ 1,171,693 373,052 1,544,745 (211,565) 1,333,180 217,102 5,410 1,110,668 1,333,180	2021 £ 1,123,959 - 123,432 985,131
			1,108,563 (203,416)
			905,147
			2,029,106 (800,363)
			1,228,743
			271,338 135,000 822,405
			1,228,743

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 10 November 2022 and signed on their behalf by

Peter Bird Peter Phillips Peter Bird - Co-Chair Pete Philips - Co-Chair

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BS3 Community Development
Statement of cash flows
For the year ended 31 March 2022
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Cash used in operating activities: Net movement in funds Adjustments for: Depreciation charges Interest paid Decrease /(increase) in stock Decrease / (increase) in debtors Increase / (decrease) in creditors Net cash provided by operating activities Cash flows from investing activities: Purchase of tangible fixed assets Net cash used in investing activities Cash flows from financing activities: Repayment of borrowing Cash inflow from new borrowing Net cash provided in / (used in) financing activities Increase / (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2022 £ 104,437 31,571 29,015 (924) 15,225 66,780 246,104 (79,305) (79,305) (50,478) - (50,478) 116,321 985,131 1,101,452	2021 £ 504,591 37,478 22,585 - (63,098) 1,630
		503,186
		-
		-
		(30,023) 50,000
		19,977
		523,163 461,968
		985,131

Analysis of changes in net debt

Cash Loans falling due within 1 year Loans falling due after 1 year Total	At 1 April 2021 £ 985,131 (17,965) (800,363) 166,803	£ 116,321 21,463 - 137,784 Cash flows	£ - (588,798) 588,798 - Other non- cash movements	£ 1,101,452 At 31 March 2022
				(585,300) (211,565)
				304,587

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

BS3 Community Development meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Going concern basis of accounting

The after affects of the pandemic, the cost of living crisis and the war in Europe is all adding to the impact on the global economy and financial instability in the UK. This in turn affects the charity, with more need for community services and support. The trustees have considered the impact of these issues on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £484,048 and £217,102 of restricted funds to continue delivering services and improvements. At 31 March 2022 the charity held a cash balance of £1,101,452. The trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. In addition, the charity continues to review the diversity of its income and apply for contracts and grant funding. For this reason, the accounts have been prepared on the going concern basis.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of goods and services being delivered, including nursery provision, events and room hire is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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1. Accounting policies (continued)

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the organisation and the costs are shared on the basis of activity on a percentage of square meterage used. Irrecoverable VAT is included in 'running costs' in note 6.

h) Allocation of central costs

Support and governance costs:

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including costs of complying with the constitutional and statutory requirements and any costs associated with the strategic management of the charity's activities. These costs have been allocated across the activities of the charity using square meterage and full time equivalent employees of each activity, or funder's specific or agreed requirements, as cost drivers.

Centre costs:

Along with the allocation of support and governance costs, the charity also apportions some of the Centres' expenditure for buildings, running and staffing costs across the activities of the charity. This full cost recovery method better reflects the true cost to the charity of each activity and the Centres. The charity has developed percentage formulae based on square meterage for buildings costs, and full time equivalent employees for running and staffing costs. These formulae are used as cost drivers or those specific to funders requests or agreed requirements. Costs are then allocated back to each charitable activity. Formulae templates are adjusted annually to ensure a true reflection of the charity's activities in its finances.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write-down the cost of each asset to its estimated residual value over its expected useful lifetime. The depreciation rates in use are as follows:

▪Leasehold improvements 2% straight line basis ▪Fixtures, fittings and equipment 25% straight line basis ▪Land and buildings 2% straight line basis (retaining land value of £275,000)

Items of equipment are capitalised where the purchase price is, or exceeds, £1,000.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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1. Accounting policies (continued)

j) Impairment of fixed assets

At each reporting period end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of financial activities. Impairment losses are charged as a direct charitable cost to The Centres.

k) Stock

Stock is recognised as an asset and relates to the purchase value of non perishable goods for the School Room café.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

The charity bond is recognised as a concessionary loan. The bond is initially recognised at the amount received and is subsequently adjusted to reflect any accrued interest payable. The bond is reviewed for impairment and to the extent the loan is irrecoverable, a corresponding impairment loss is recognised in the SOFA.

p) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

q) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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1. Accounting policies (continued)

q) Accounting estimates and key judgements (continued)

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is depreciation, as described in note 1(i).

2. Prior period comparatives

Prior period comparatives
Income from: Donations Charitable activities Early Education and Childcare In Community and Older People's Services The Centres Total income Expenditure on: Raising funds Charitable activities Early Education and Childcare In Community and Older People's Services The Centres Total expenditure Net income / (expenditure) Transfers between funds Net movement in funds	Restricted £ £ 30,886 241,560 - 1,317,284 353,715 - 187,156 9,153 571,757 1,567,997 - 41,670 - 1,088,828 355,123 - 20,572 128,970 375,695 1,259,468 196,062 308,529 1,750 (1,750) 197,812 306,779 Unrestricted	2021 Total £ 272,446 1,317,284 353,715 196,309
		2,139,754
		41,670 1,088,828 355,123 149,542
		1,635,163
		504,591 -
		504,591

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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3. Income from donations

Income from donations
Donations - fundraising Donations - organisations Donations - individuals Donations - gifts in kind Donations - unrestricted grants Total income from donations	Restricted £ £ 4,122 - 11,622 2,943 7,932 1,952 3,000 24,170 - 18,888 26,676 47,953 Unrestricted	2022 Total £ 4,122 14,565 9,884 27,170 18,888
		74,629

During the year, the charity received gifts in kind including, second hand IT equipment and furniture, Ascent Women's Early Leaders training, Chairing & Minute taking training, Coaching and Mentoring, HR support and pro bono professional and legal fees. In the prior year, gifts in kind included nursery equipment, executive coaching, Ascent Women's Leadership training, HR support and pro bono professional and legal fees and consultancy work.

Prior period comparative: Donations - fundraising Donations - organisations Donations - individuals Donations - gifts in kind Donations - unrestricted grants Total income from donations	Restricted £ £ - 16,749 21,122 3,512 9,764 2,463 - 26,743 - 192,093 30,886 241,560 Unrestricted	2021 Total £ 16,749 24,634 12,227 26,743 192,093
		272,446

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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4. Income from charitable activities

Early education and childcare: Childcare income Total early education and childcare In Community and OPS: Grants Total In Community and OPS The Centres: Grants Rental and room hire income Other Total Centres Total income from charitable activities Prior period comparative: Early education and childcare: Childcare income Total early education and childcare In Community and OPS: Grants Total In Community and OPS The Centres: Grants Rental and room hire income Other Total Centres Total income from charitable activities	Restricted £ £ 224 1,658,582 224 1,658,582 237,638 - 237,638 - 47,700 2,973 - 10,288 - 9,366 47,700 22,627 285,562 1,681,209 Restricted £ £ - 1,317,284 - 1,317,284 353,715 - 353,715 - 187,156 - - 1,157 - 7,996 187,156 9,153 540,871 1,326,437 Unrestricted Unrestricted	2022 Total £ 1,658,806
		1,658,806
		237,638
		237,638
		50,673 10,288 9,366
		70,327
		1,966,771
		2021 Total £ 1,317,284
		1,317,284
		353,715
		353,715
		187,156 1,157 7,996
		196,309
		1,867,308

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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5. Government grants

The charity received government grants during the year from HMRC relating to the Coronavirus Job Retention Scheme. The total value of such grants in the period ending 31 March 2022 was £1,388 (2021: £114,021). The charity received unrestricted grants from Bristol City Council - Business restart grant for the period ending 31 March 2022 of £12,000 and £4,000 Hospitality & Leisure grant (2021: £78,071). There are no unfulfilled conditions or contingencies attached to these grants.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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6. Total expenditure

Total expenditure
Staff costs (note 9) Other staffing costs Direct project costs Grants payable (note 8) Premises costs Depreciation Finance costs Professional fees Running costs Promotion and advertising Sub-total Allocation of support and governance costs Allocation of centre costs to other activities Total expenditure	Raising funds £ £ 9,958 932,154 - 2,862 315 132,746 - - - - - - - - - 710 - 254 - - 10,273 1,068,726 3,617 300,172 1,442 124,228 15,332 1,493,126 Charitable activities - Early Education and Childcare	Charitable activities - In Community and OPS £ 104,695 823 33,908 100 126 - - - 1,773 500 141,925 48,241 19,965 210,131	Charitable activities - The Centres £ 141,277 152 93,043 - 71,044 18,259 25,686 1,200 3,632 - 354,293 9,716 (145,635) 218,374	Support and governance costs £ 198,574 20,543 5,873 - 24,582 13,312 3,980 17,579 77,203 100 361,746 (361,746) - -	2022 Total £ 1,386,658 24,380 265,885 100 95,752 31,571 29,666 19,489 82,862 600
					1,936,963 - -
					1,936,963

Total governance costs were £6,950 (2021: £6,600).

Costs allocated to The Centres show the total cost of running the Southville and Chessel centres. Where these costs are shared by other activities (Early Education and Childcare and In Community and OPS) they are allocated in line with the policy stated in note 1 (h). The remaining cost in The Centres represents the cost of running the centres as a community building.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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6. Total expenditure (continued)

Prior period comparative Staff costs (note 9) Other staffing costs Direct project costs Grants payable (note 8) Premises costs Depreciation Finance costs Professional fees Running costs Promotion and advertising Sub-total Allocation of support and governance costs Allocation of centre costs to other activities Total expenditure	Raising funds £ 32,132 - 613 - - - - - - - 32,745 6,813 2,112 41,670	£ 714,042 1,720 84,310 - 157 - - - 1,470 493 802,192 204,927 81,709 1,088,828 Charitable activities - Early Education and Childcare	Charitable activities - In Community and OPS £ 170,779 1,106 27,159 68,978 43 - - 100 2,823 350 271,338 59,901 23,884 355,123	Charitable activities - The Centres £ 67,646 - 21,194 - 39,327 18,298 6,105 - 35,687 - 188,257 68,990 (107,705) 149,542	Support and governance costs £ 208,643 13,429 11,500 - 20,007 19,180 16,480 18,451 32,462 479 340,631 (340,631) - -	2021 Total £ 1,193,242 16,255 144,776 68,978 59,534 37,478 22,585 18,551 72,442 1,322
						1,635,163 - -
						1,635,163

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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7. Net movement in funds

This is stated after charging:

Depreciation Operating lease payments Trustees' remuneration Trustees' reimbursed expenses Auditors' remuneration: Statutory audit 8. Grants payable: Redcliffe Parish Discretionary Fund Awards to 1 individual for £100 BCC - DEFRA: Ashton Gate Primary School Ashton Park Secondary School Southville Primary School Holy Cross Primary School Parson Street Primary School Luckwell Primary School Grants to 57 individuals between £100-£220 BCC - Winter Support Fund: Ashton Gate Primary School Luckwell Primary School Grants to 10 individuals of £100 Discretionary TNB Awards: Awards to 25 individuals of under £200 Community Webs: Knowle West Health Park	2022 £ 31,571 11,912 Nil Nil 6,950 2022 £ 100 - - - - - - - - - - - - 100	2021 £ 37,478 11,912 Nil Nil 6,600
		2021 £ - 10,000 8,000 6,100 5,000 4,400 3,600 11,330 4,000 4,000 1,000 3,348 8,200
		68,978

Grants payable are to schools, individuals and charitable organisations across Bristol. All grants are paid to fund charitable activities. The grants shown above do not include any contribution to core costs.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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9. Staff costs and numbers

Staff costs were as follows:

Staff costs and numbers Staff costs were as follows:
Salaries and wages Social security costs Pension costs Non-salaried staffing costs	2022 £ 1,258,654 74,551 20,543 32,910 1,386,658	2021 £ 1,103,480 62,245 14,366 13,151
		1,193,242

No employee earned more than £60,000 during the year.

Key management personnel of the charitable company comprise the trustees, CEO, Head of Head of Early Education and Childcare, Head of Communication, Head of Communities and Engagement, Head of Finance and Operations. The total employee benefits of the key management personnel were £199,161 (2021: £206,574).

Included within salaries and wages in 2021 are redundancy and termination payments of £2k. There were no redundancy or termination payments made in 2022.

Staff numbers were as follows:

Average head count Full time equivalent	2022 No. 95.25 61.00	2021 No. 86.42 55.45

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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11. Tangible fixed assets

£ Cost At 1 April 2021 223,765 Additions in year 67,330 At 31 March 2022 291,095 Depreciation At 1 April 2021 20,683 Charge for the year 4,475 At 31 March 2022 25,158 Net book value At 31 March 2022 265,937 At 31 March 2021 203,082 Leasehold improvements	£ 221,717 3,975 225,692 209,398 13,313 222,711 2,981 12,319 Fixtures, fittings and equipment	£ 1,337,321 8,000 1,345,321 428,763 13,783 442,546 902,775 908,558 Land and buildings	Total £ 1,782,803 79,305
			1,862,108
			658,844 31,571
			690,415
			1,171,693
			1,123,959

The Southville Centre (Beauley Road, Bristol) is on a 999 year lease from Bristol City Council. The lease was signed in 1990 and is for a peppercorn rent. The costs of renovating the site and building were expensed in the year they were incurred, in line with accounting policies and standards at the time. Included within land and buildings is land worth £275,000 which has not been depreciated.

12. Stock

12. Stock
13. Debtors Trade debtors Prepayments Accrued income Other debtors Stock - The School Room Café	2022 £ 924 2022 £ 80,873 4,364 22,970 - 108,207	2021 £ -
		2021 £ 27,605 - 95,117 710
		123,432

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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14. Creditors : amounts due within 1 year

Bank loan Trade creditors Accruals Deferred income Other taxation and social security Charity bond Other creditors Deferred income movements in the year: At 1 April 2021 Deferred during the year Released during the year At 31 March 2022	2022 £ 25,300 42,605 33,502 50,000 25,741 560,000 100,383 837,531 2022 £ - 50,000 - 50,000	2021 £ 17,965 26,802 44,029 - 14,711 - 99,909
		203,416
		2021 £ - - -
		-

Deferred income relates to funding received in advance of entitlement being met. This will be released in 2022/23.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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15. Creditors : amounts due after 1 year

Creditors : amounts due after 1 year
Bank loan Charity bond Bounce back loan Analysis of debt maturity Debt due after more than one year: repayable between one and five years repayable in five years or more	2022 £ 177,633 - 33,932 211,565 92,261 119,304 211,565	2021 £ 195,495 560,000 44,868
		800,363
		648,037 152,326
		800,363

CAF Bank loan is on a flexible tracker loan, at 2.75% above base rate. The charity has seen these rates rise to 4.5% in August. This loan will be transferred to a fixed rate over a three or five year period, when the loan for the Charity Bond repayment is secured.

The charity bonds are unsecured, and are repayable in full in February 2023. Interest is payable annually in arrears at 4% gross. Tax of £2,240 in relation to the charity bond was paid to HMRC. The charity had designated funds of £200,000 during 2021-22, although at the end of March 2022, as the debt on the charity bonds matured, the designated funds were transferred to general funds. A further £80,000 post year end, was notionally allocated. The figure of £280,000 being that set aside by the trustees to support paying back investors. The board are seeking to secure a further loan from CAF bank for £280,000 over a twenty year period, to ensure the timely payback of the unsecured loan via the charity bonds.

The charity secured a Government backed Business Interuption Payment - Bounce Back Loan via the Cooperative Bank in a bid to secure future low interest loans should the organisation require additional cashflow, in the early part of the pandemic. The loan was secured at 2.5% interest with no payments due within the first year of the loan.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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16. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets Net current assets Non current liabilities Net assets at 31 March 2022	£ - 217,102 - 217,102 Restricted funds	£ - 5,410 - 5,410 Desginated funds	£ 1,171,693 150,540 (211,565) 1,110,668 General funds	Total funds £ 1,171,693 373,052 (211,565)
				1,333,180

Prior period comparative Tangible fixed assets Net current assets Non current liabilities Net assets at 31 March 2021	£ - 271,338 - 271,338 Restricted funds	£ - 135,000 - 135,000 Designated funds	£ 1,123,959 498,809 (800,363) 822,405 General funds	Total funds £ 1,123,959 905,147 (800,363)
				1,228,743

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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17. Movements in funds

At 1 April 2021 £ Restricted funds Community development: In Community projects: Community Webs 42,560 Swift Social Prescribing - Bedminster Youth Club 11,511 SW&EB Health Inequalities 4,919 CCG Community Connectors - St Monica's Community Connectors - Knowle West HPC - Sirona - Tech&Talk 1,032 Hyper Local 812 Alonely 3,318 Make it Local - Phase II - BS3 Community Larder 10,817 - Mental Health Changes 3,253 In community projects 5,255 Older people's services 6,461 Early education and childcare: Grandparent & Toddler group 316 181,084 271,338 Total restricted funds Community Awards & grants Organisational - buildings improvements	At 1 April 2021 £ Restricted funds Community development: In Community projects: Community Webs 42,560 Swift Social Prescribing - Bedminster Youth Club 11,511 SW&EB Health Inequalities 4,919 CCG Community Connectors - St Monica's Community Connectors - Knowle West HPC - Sirona - Tech&Talk 1,032 Hyper Local 812 Alonely 3,318 Make it Local - Phase II - BS3 Community Larder 10,817 - Mental Health Changes 3,253 In community projects 5,255 Older people's services 6,461 Early education and childcare: Grandparent & Toddler group 316 181,084 271,338 Total restricted funds Community Awards & grants Organisational - buildings improvements	Income £ 63,116 7,558 4,350 30,005 16,000 38,526 10,000 - - - 66,150 (508) 200 4,705 13,825 9,636 975 47,700 312,238	£ (81,675) (6,928) (16,051) (26,222) (1,236) (6,000) (10,684) (2,063) - - (8,781) (10,309) (100) (4,547) (23,442) (11,714) (593) (96,676) (307,021) Expenditure	£ - - 190 - - - 684 1,500 - (1,500) - - - - 6,763 - - (67,090) (59,453) Transfers between funds	£ 24,001 630 - 8,702 14,764 32,526 - 469 812 1,818 57,369 - 100 3,411 2,401 4,383 698 65,018 At 31 March 2022
					217,102

Unrestricted funds Designated funds: Charity bond Power to change match funding	115,000 20,000	- -	- (14,350)	(115,000) (240)	- 5,410

Total designated funds General funds Total unrestricted funds Total funds	135,000 822,405 957,405 1,228,743	- 1,729,162 1,729,162 2,041,400	(14,350) (1,615,592) (1,629,942) (1,936,963)	(115,240) 174,693 59,453 -	5,410
					1,110,668
					1,116,078
					1,333,180

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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17. Movements in funds (continued)

Purposes of restricted funds

Community Webs

Funding from NHS England / CCG (although paid via local Primary Care Network (PCN) Bridge View Medical (BVM)) for the delivery of social prescribing in their GP surgeries (or remotely during the pandemic).

SWIFT Social Prescribing

Funding from NHS England /CCG (although paid via local Primary Care Network (PCN) to Knowle West Health Park, who then subcontract the delivery of social prescribing for one BS3 surgery to BS3 Community).

Bedminster Youth Club

Funds awarded from Quartet for the ongoing delivery and development of Bedminster Youth Club. This provision has been transferred to specialist youth provider LPW (Learning Partnership West).

SW&EB Health Inequalities

Carried forward funds from Bristol City Council to support health inequalities in South and West Bedminster. Along with sizeable donations from local residents and Action Greater Bedminster.

CCG Community Connectors

Test and learn project with multiple stakeholders, VCS and statutory. Delivery partner is Knowle West Health Park. Connectors are local go to people that are based in the community to take time to connect and understand what is important to them. Connectors are able to support with access to local activities, groups and services.

St Monica's Community Connectors

Knowle West HPC - Sirona

A letter of understanding exists to enable the engagement of BS3 Community Development with South Bristol Locality Board to develop communities that live healthy and fulfilled lives.

Tech&Talk

Funds held for ILOP (Improving Lives for Older People) for tech and talk computer and chat cafes.

Hyper Local

Funds held for local group ILOP (Improving Lives for Older People) for delivery of workshops around retirement, isolation and loneliness.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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17. Movements in funds (continued)

Alonely

A series of monologues performed by local volunteers that did research in flu clinics, libraries and on the street talking to older people about loneliness - the life stories were worked into a performance with a dramaturg and producer and have been performed in many places, including at the House of Commons, to many colleges and at many events to raise awareness of loneliness and hopefully provoke thinking about, and reduce the stigma attached to, loneliness.

Funds held for local group ILOP (Improving Lives for Older People) for delivery/production of Alonely monologues around isolation and loneliness.

Make it Local

Bristol City Council Funded work to support the identification of Community Led Adult Social Care, including engagement, partnership working and asset based community development support - development of platform for introductory agencies underway for launch at the end of 2022.

BS3 Community Larder

Partnership working with St Pauls Church (BS3 Larder) for emergency food support during the pandemic - collecting donations / utilising for food supplies.

Redcliffe Parish

Discretionary funding for individuals that are economically vulnerable.

Bedminster Food On Our Doorstep

Foodclub in partnership with Family Action for BS3 residents.

Mental Health Changes - Bristol

Funds from NHS England/CCG/Changes Bristol for partnership work and community outreach regarding mental health peer support groups.

In Community projects

General Community projects

Secret Gardens - local residents open their homes for the weekend to allow community members to have a ‘mooch’, often tea and cake served!
Good Garden Awards - certificates are distributed by volunteer ‘garden judges’ to homes in BS3 that ‘make a difference to their street by adding some colour’, a hanging basket has received an award before!
Including and not exclusively our contributions to the Food On Our Doorstep project, Peer support and case management for link workers during the pandemic and other delivery work, engagement with the Local Parks Groups (supported by Bristol City Council) and engagement in research with the University of Bristol for reimagining day care.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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17. Movements in funds (continued)

Older people's services

Older peoples club, historically run from our centre but remodelled due to Covid. Including Monday Club, Tea Dances and Stroll and Chat.

Grandparent and Toddlers group

An intergenerational play group run from our Chessel Centre site; weekly Grandparent and Toddler sessions, in partnership with Children Centre Leaders; Hempals and originally funded by Quartet Community Foundation - on hold during the pandemic.

Organisational - Buildings Improvement:

Power to Change – Community Support Fund Capital Grant with match funding, supporting buildings maintenance, improvements, and repair works; to enable the retention of existing customer base, increase the potential activity and footfall, including more sustainable options for our facilities.

Purposes of designated funds

Charity Bond

During 2021-22 the trustees agreed to transfer a further £85,000 to designated funds to increase the sum set aside to £200,000 towards the repayment of the charity bond debt of £560,000. As the charity bond debt moved from a long term liability (over 12 months) to a short term liability (within 12 months) on the balance sheet at the end of March 2022, the designated funds were subsequently released into the general funds of the organisation, showing a net transfer of funds from designated to general funds of £115,000.

Transfers between funds

Transfer of funds not stated under funders notes, Power to Change and match funding, required a transfer of funds from restricted funds to general funds, to cover capital costs of the building improvements at the Southville Centre of £67,090. Transfer of funds for ILOP projects took place in the same project are and totalled £1,500. Other transfers relate to the transfer of general funds to cover small project overspends.

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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17. Movements in funds (continued)

Prior period comparative

Restricted funds Community development: In Community projects: Community Webs Bedminster Youth Club Discretionary TNB Fund SW&EB Health Inequalities Tech&Talk Hyper Local Alonely Make it Local phase I BS3 Community Larder Legacy Project NLF Community Awards & grants Covid Support Grants Mental Health Changes In community projects Older people's services Early education and childcare: Grandparent & Toddler group Organisational development Total restricted funds Unrestricted funds Designated funds: Charity bond Total designated funds General funds Total unrestricted funds Total funds Organisational - buildings improvements Power to Change match funding	At 1 April 2020 £ 26,786 17,039 3,348 4,725 2,256 812 3,318 - - - - - - - 676 316 14,250 - 73,526 - - 650,626 650,626 724,152 -	Income £ 65,533 10,260 - 997 - - - 80,000 18,007 73,416 63,900 44,650 4,706 10,010 12,872 - - 187,406 571,757 115,000 135,000 1,432,997 1,567,997 2,139,754 20,000	£ (49,759) (15,788) (3,348) (803) (1,224) - - (80,851) (7,190) (73,718) (63,330) (45,093) (1,453) (5,479) (7,087) - (14,250) (6,322) (375,695) - - (1,259,468) (1,259,468) (1,635,163) Expenditure -	£ - - - - - - - 851 - 302 (570) 443 - 724 - - - - 1,750 - - (1,750) (1,750) - Transfers between funds -	At 31 March 2021 £ 42,560 11,511 - 4,919 1,032 812 3,318 - 10,817 - - - 3,253 5,255 6,461 316 - 181,084
					271,338
					115,000 20,000
					135,000 822,405
					957,405
					1,228,743

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2022
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18. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due: Within 1 year Within 1 - 5 years	2022 £ 6,912 8,564 15,476	2021 £ 11,912 6,905
		18,817

19. Related party transactions

Trustees of the charity use the nursery services at BS3 Community Development and these transactions are carried out at arms length.

The following third party transactions occurred in the year ended 31 March 2022:

i) Isabel Kearney, a trustee, was paid £290 to provide some fundraising mentoring during the year. There was no balance outstanding at the year end; and

ii) Spike Productions, a company run by the husband of Ruth Green who is a member of BS3's senior management team, was contracted to undertake some of the renovations work on the Southville Centre. The total balance paid for this work was £6,077. No amounts were outstanding at the year end.

All transactions were carried out at arms length.