BS3 Community
Development
Report and Audited Financial
Statement
Community
31 March 2024
BS3 Community Development Limited
The Southville Centre. Beauley Road. Southville. Bristol, BS3 1QG
Registered charity no.. 1000544. Cornpany limited by guarantee no. 2542176

Contents
Reference & Administrative Details
Chairs, Introduction
CEO Statement of Objectives and Activities
Achievements and Performance
Our Work
10
Early Education & Childcare (EE&C)
Community and Engagement
Community Centre's, Room Hire & Events
Income Generation
15
Our Team
18
Future Plans
20
Financial Review
21
Structure, Governance & Management
Audit Report
24
28
Financial Statements
32

Reference & Administrative
Details
Company number
02542176
Charity number
1000544
Registered office and operational address:
The Southville Centre, Beauley Road. Bristol BS3 1 QG.
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:
TrusteelBoard member
Post
Pete Thomas Phillips
Co-chair
Isabel Katherine Sibley Kearney
Co-chair
Sarah Louise Hughes
Elizabeth Jane Normand
Whistleblowing trustee
SafeguardinglSENCo
Sharon Cowan
Ediane De Lima
Helen Donaldson
Ofsted contact
Mark Duppa-Ridgway
appointed 2810912023
Treasurer
Ellen Roberts
appointed 0711212023
appointed 0711212023
Matthew Paul Traill Innes
Victoria Geraldine Newman
appointed 2310512024
Peter Duncan Bird
resigned 2510112024

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, BS14QD

Chairs, Introduction
As joint Chairs of the Board of Trustees. we are justifiably proud to present the
Annual Report and Financial Statements describing 8S3 Community Development's
work during 2023-24.
The charity exists to improve the health. wellbeing and sense of belonging of all
those people living in, and regularly visiting the BS3 postal area in South Bristol. The
breadth of activities in this report demonstrates the many ways BS3 Community
Development contributes to the lives of local people.
We provide 158 nursery places for babies and children across the Southville Centre
and the Chessel Centre, with our team working hard to provide high quality and
inclusive childcare. We are proud to be further developing our expertise and
reputation in supporting children with additional needs.
Our café at The Southville Centre continues to welcome a wide range of community
members to enjoy healthy, affordable meals and is a pla￿ to connect with others.
The rooms in our centres are booked by clubs supporting wellbeing, from baby ballet
to Tai Chi and we continue to grow our events offer. We have also been working to
reduce the carbon footprint of our buildings and make them more comfortable.
Our outreach work continues to expand as we tackle the loneliness epidemic. Our
Communities team have a real talent in working with residents to understand what
would help them feel connected and less isolated. We have organised shared meals,
games nights, an information café. a regular older people's group, food clubs and
befriending services. This year we also set up a new community business, 'BS3
Community Care, which aims to enhance the adult social care provision in Bristol
and match local care seekers with self-employed care providers.
Our buildings are hubs for the community, but it is our people who are the heart of
this charity. We would like to extend our deepest thanks to the 94 staff members, 42
volunteers and ten trustees whose commitment and dedication to the community has
been exceptional. None of this would be possible without you. We look forward to
continuing to work together over the coming years to serve the needs of our
neighbours around BS3 as best we can.

Chief Executive Officer's
Statement of Objectives and Activities
Each year since the pandemic we have hoped that things would settle down again
and become more 'normal', as they seemed to have been pre-pandemic; however,
2023124 proved to be yet another hugely challenging year for us - the tail of the
pandemic, added to by what has happened since. seems to be long and wagging.
We continued to experien￿ financial challenges and. although staff retention and
recruitment also continued to be a bit of a challenge, that seemed to ease a little in
2023124 and be more manageable.
Unfortunately, we made a financial loss in 2023124. We were aware that 2023124
would be financially challenging for us and had developed an income strategy and
approach to mitigate the expected loss. however, due to several factors, the
mitigation factors weren't fully realised, hen￿ ending the year with an income
against expenditure deficit.
At this time, we do have a healthy level of free cash reserves and used some of
those to ensure that the charity could continue to operate and deliver our range of
services and activities for our beneficiaries.
The cost-of-living crisis significantly, and rapidly, increased the cost of running our
two buildings, and the charity. That. coupled with the withdrawal of funding by one of
our longer-term funders, and other factors, meant that we needed to increase the
charity s income rather quickly, which is not an easy task since we cannot pass on
our increased costs to our customers in the way that commercial organisations do.
Childcare is a significant and important part of the charity's offer to our community.
In 2023124 we continued to experience a shift in how parents access childcare with
us. We believe that this is mainly due to the change in work-practices where more
people work from home, especially on a Friday. This has resulted in the number of
children accessing our nurseries on a Friday dropping-off quite significantly.
Over the rest of the week (excluding Fridays) our nursery occupancy levels have
remained prety consistent to that which it was before the pandemic; however, with
some changes to our nursery structure, the large increases in salary that we have
provided to (all) staff over the past two years, and the increased costs of operating
the nurseries per se due to the cost-of-living crisis, it has meant that the contribution
that our nurseries make to the running of the charity has fallen- that shortfall in
contribution, and income to cover the increase in our overall running costs, needs to
be achieved via other means.

We recruited a Fundraiser to apply to Charitable Trusts and Foundations for grants
to support our work, as well as secure grants to support the general running costs,
the core costs, of the charity.
During the pandemic there were quite a few funders that provided grants to support
the core costs of charities. however, by 2023124 we discovered that very few funders
had continued to provide such grants, and the ones that we found that did only did
so for organisations that have a far lower annual financial tumover than us.
For various reasons the number and value of grants applied for, and our success
rate, were lower than expected, also, our grant writer left in December 2023, just
seven months after joining us, which meant that we didn't achieve our income target
for grants. We re-recruited to the Fundraiser- Trusts & Foundations post; Lila
Teasdale joined us towards the end of January 2024.
During the pandemic we closed both of our community centres to the public, which
meant that the café in the Southville Centre was also closed. At that time the
nursery catering, and café, were being provided by a local third-party caterer, Kate's
Kitchen.. By mutual consent Kate's Kitchen handed back the contract to us. We
decided to bring the catering and café in-house, and so when the Southville Centre
re-opened to the public we launched 'The School Room Café,. The nursery catering
was contracted out to a local specialist early years caterer - Early Years Catering.
The Café made a relatively large loss in 2022123 (first full year of trading), this was
reduced in 2023124. Becky Kay, Catering & Café Manager, started with us mid-
September 2023, and has embraced the integration of the catering and café into our
community development work. The projection is that the trading loss will be reduced
still further in 2024125 and reach break-even, and make a small surplus, in 2025126.
The loss in 2023124 added to that year's financial challenge.
Ruth Green, Head of Communities & Engagement, left us late April 2023, and was
replaced by Emm Rodman, Head of Communities, in early June 2023. Amongst
other things. Emm has been focused on increasing room hire. attracting people to
use our buildings for parties and weddings, and putting on various events and
activities to boost income and encourage more people to use the café.
We also recruited Carla Snell, Care & Wellbeing Manager, in early January 2024 to
develop and launch, and then grow, our 'BS3 Community Care,, Introductory
Platform. This new Social Enterprise Community Business seeks to match local
care seekers with local (and beyond), self-employed, care providers, and so help
support the Adult Social Care provision in Bristol. The idea is that this Community
Business will help provide a balance to our Nurseries as an income generator for the
charity, whilst also helping us to deliver against our Charitable Objects at the same
time.
Despite the various challenges that the charity faced in 2023124 we have maintained
and expanded our various services and activities and continue to support those
within our community who are less fortunate than others, who are isolated and feel
lonely, as well as those who are being adversely affected by the cost-of-living crisis,
food poverty and more.

Achievements
and
Performance
Despite experiencing some challenges, we are proud of what we have achieved over
2023-24. As always, our teams are at the core of everything we do and make our
successes possible. Here are some of our highlights;
Our buildings
We continue to explore how to make both of our buildings more comfortable to be
and work in, as well as seeking to further reduce the environmental footprint of our
buildings and the charity.
We secured a Power to Change 'Powering Up. Fund grant that enabled us to work
with various consultants to audit our buildings and begin to develop approaches to
achieve improved comfort and reduce the charity's carbon footprint.
Hugh Harris, Buildings & Facilities Manager, who was supporting this work, left us in
late September 2023. We recruited Tom Collins, Centre Manager, in late March
2024 to replace Hugh, and take responsibility for our reception function.
Tom has picked up supporting the retrofit work, which is continuing into 2024125 with
the development of a clear approach to achieving the above goals. This will be
talked to in more detail in next year's Annual Review.
Jo Langford, Communities Manager. planned the 2024 installation of a hearing loop
in the Milford Hall.
Our people
We continue to work with our staff to improve the experience of working and being
part of BS3 Community, our annual and pulse surveys produce information that we
listen to and work on producing meaningful outcomes from suggestions, during
2023-24 we strengthened our IT offer and available resources for staff purchasing
new and improved IT equipment for office and nursery-based staff. We also worked
across the top five themes that came from the annual survey feedback, from getting
to know our trustees to pay and benefits. We are very proud to seprfe as an
employer in the area and value our employees and volunteers highly.
Monitoring Evaluation & Learning (MEL)
We started working with Dr Roz Steward-Hall with the Members of our Monitoring,
Evaluation & Learning (MEL) Working Group to support us through a process of
exploring and defining the purpose and scope for our monitoring & evaluation work.
We have also explored how we can achieve the developed goals for this work using a

variety of methodologies, including revising our annual community survey for use in
the summer of 2024.
Equality Diversity Inclusion & Belonging (EDIB)
The charity is proud of its continued development of its EDIB working group. We
have a core group of staff that regularly attend and volunteer to drive this work
forwards. We have commitment from the trustees and Senior Management Team to
support the implementation of new practices and ideas and having signed up to the
Bristol Equalities Charter, we are working through our charter pledges to ensure that
as an organisation delivering services, as an employer and as individuals we have
exemplary behaviour and continue to learn and develop.

Our Work
Early Education & Childcare (EE&C)
We provide 104 nursery places for children between the ages of 10 months 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 exceptional care, opportunities for leaming and educational plans based
on individual needs. We strive to build secure attachments and support emotional
wellbeing through positive, meaningful relationships with children, their parents,
carers, and the wider family.
During April 2023 - March 2024 our priorities were to maintain high quality Early
Years provisions, supporting our children, their wider families and expanding on our
external activities. Our Charity Nurseries have supported 33 children in receipt of
two-year entitlement funding and over 32 children with additional needs. During
August 2023, a new SEND and Behaviour Department was created to support our
desire to improve the outcomes for children with SEN funding.
Our staff supported 48 children, in small groups, with Forest Sessions throughout the
year. we engaged with Kidslingo for French and Spanish sessions with a total of 241
bookings.
Durin
rin
2023
We were collating Pulse Survey results from the March 23 survey, to understand our
parentsl carers needs into 2023-24. It was decided that professional photography at
the Chessel Centre was needed, and recent photos enhanced our marketing
resources. BS3 Community were then approached for professional photos for Bristol
City Council materials, e.g., in a new edition of Bristol Standard.
BS3 Community developed a new SEND provision with trained staff to offer a
bespoke new offer to support the child with SEND needs. This was a new initiative
and has since been rolled out across both our provisions.
Our links with Windmill City Farm allowed preschool farm visits for all school leavers
plus 2-year-olds with additional funding.
io

Two leads represented BS3 Community Development at the UWE Conference,
proudly promoting and celebrating Early Years work and achievements and our
ambition to encourage more men into Early Years work.
Durin
summer 2023
We had our first summer fruit and vegetables planting project, parents were
encouraged to be actively involved and the children met Jo Ingleby (Head of Food
Education). This project was important to raise awareness of portion sizes and
healthy child weight. Resources were provided, alongside other parent information
leaflets rolled out across our services. such as Behavior Support, and Handling
Emotions.
Staff training on new online learning monitoring system - Famly which we moved
across from previous Tapestry. Parent'sl carers began transferring to Famly in
September 2023.
A Graduation celebration was held in the Milford Hall for all three preschool rooms.
During August, we remodeled the layout of the Raleigh Room and created a new
sensory room. Alongside this we introduced home visits to help build stronger
relationships with parents in term time only provision.
In August we celebrated our first apprenti￿ qualifying through our internal training
hub offer. Two new intemal apprenticeships joined us on their Early Years Educator
Level 3 Apprentice. We then have a total of four apprenticeships embarking on their
studies to become qualified.
Durin
Autumn 2023
We had a Health and Safety Audit, conducted by Bristol City Council, and passed.
A research project support for Alison Tobin, a PhD student from Birmingham City
University was undertaken. Our setting was suggested to Alison by Dr Donna
Gaywood, a Coordinator of Special Interest Group: Children from refugee and
migrant backgrounds at European Early Childhood Education Research Association
(EECEFIA). Our Head of EE&C applied for fvnding by exploring 'How play may
support the mutual, democratic acculturation of migrant and host children in UK early
years settings 'and was successful.
Equality, Diversity, Inclusion and Belonging room checklist to audit resources was
undertaken. Including Black History Month leaflet and Centre-wide resources bought.
A second Deputy manager was appointed, expanding our EE&C management team
and six students from University of Bristol joined BS3 community nurseries to
complete their placement hours.
li

Durin
Winter 2023-2024
In the run up to Christmas. singing and party celebrations were undertaken bringing
lots of laughter and happiness across all the nursery and preschool rooms.
Our SEND Department applied and was the only nursery to be chosen for a speech
and language learning program trail - called NELI for all three preschool rooms.
LGBTQ+ History month leaflet prOdU￿d. and Centre-wide reSoUr￿S bought.
A long-standing member of our team, Linda passed away. The community and our
staff displayed butterflies around our Centre's to mark our sadness.
rin
2024
Our staff were collaborating with the Communities Team. We offered networking
opportunities to our families, supported those who need access to housing advice
and food banks. We have been working with health professionals to support our
staff, helping tackle issues of social, geographic, and economic isolation.
Information sent to families about the new funding scheme.
Our Deputy Managers attended two days, PEEP training. Sessions will be offered to
families who will benefit from those learning sessions. PEEP is a program to support
parents with young children, it is learning, teaching, and reflecting. It is all about
giving parents I carers information and knowledge confidence in supporting their
children learning and developing. Those sessions, delivered in smaller groups
(around 6 - 8 families) are wonderful opportunities for families to build a network
amongst them, to connect with others, to empower them in confidence of raising
their child.
We are extremely proud of our nursery settings and feel proud to support local
families in giving children the opportunity for the best start in life. Our team is
dedicated to achieving high standards and further developing our Childcare offer.
Communities
As an organisation we have experience in addressing isolation and loneliness. We
engage with what residents want and need and help them feel connected during
uncertain and challenging times. We set up a multitude of initiatives to help combat
these issues:
Check in & Chat befriending serrfice, a programme matching volunteers with
like-minded residents for regular phone calls. In autumn 2023 we ended this
service, originally developed as part of our covid response, supporting
community resilience.
Fruit & Veg bag delivery sepiice for familiesl carers at local BS3 primary
schools.
We started to host social mornings for the Centre for the Deaf in our cafe.
Shared community lunches at the Southville Centre in collaboration with local
business Batch Cook Club, to tackle isolation by bringing people together.
A day trip for our older people's Monday Club.
12

Launched a new annual survey 'Your Voice, in Your Community, to capture
local voices. Informing the development of our event through co-design.
Our games evening continued Thursdays, including providing soupl
sandwiches and a hot drink for participants.
We ran a wellbeing event, working with local stakeholders to provide
information and support. Collaborators included Everyone Active, Sirona care
& health, Vitaminds (NHS Talking Therapies), Centre for the Deaf, and
showcasing our new BS3 Community Care sen41￿.
We launched a new information cafe in response to demand for digital skills
support and access to consumer and resident information and resources.
We launched a new winter annual appeal 'The Friendship Appeal, to
encourage donations for our older people's group, the Monday Club. Club
members reflected on how BS3 Community Development fostered friendships
in a print campaign featuring photograph portraits of the members.
Donations have enabled the charity to buy essential items for residents, such
as slow cookers, microwaves and Asda vouchers.
Our management team attended meetings to further the development of a
community hub on East Street. Contributing to a collective business plan,
being published in late 2024.
Further donations have enabled the charity to buy a curling sports set and a
new large projection screen to support community film screenings.
We continue to support economically vulnerable residents with access to
fresh and affordable food, BS3 Food Club is now managed and delivered by
BS3 Community Development.
A new Qigong class started in May 2023, facilitated by a volunteer.
Planning continued to launch a dry Food Pantry in summer 2024.
Our work with Bristol, North Somerset. South Gloucestershire {BNSSG)
Integrated Care Board (ICB) has continued with our CEO continuing in the
role of co-chair of the South Bristol Locality Partnership (SB-LP) Board and
other staff engaging in various of the SB-LP Working Groups.
We have continued to provide our BS3 Community Webs Social Prescribing
service to Bridge View Medical (BVM) Primary Care Network (PCN) which
has supported many residents with a wide range of needs.
We have continued to host and manage the SB-LP (BNSSG ICB-funded)
Community Connectors who continued to work along Marksbury Road,
helping residents to connect to one-another and set-up groups and activities
of interest to them, thereby helping build community.
We have been involved in the SB-LP-funded, South Bristol VCSE (Voluntary,
Community, Social Enterprise) Community Anchor Organisations
'conversations' with residents around issues of importance to the SB-LP and
fed back the results of those conversations to the SB-LP that help set the
work of the SB-LP.
Our new Social Enterprise Community Business 'BS3 Community Care,,
pump-primed with funding from Bristol City Council, was further developed
(and launched late June 2024). BS3 Community Care matches local care
seekers with care providers.
13

We also started our BS3 Community Home Care Servi￿ in partnership with
Sirona care & health. This service works alongside the Sirona INT (Integrated
Network Teams) in BS3 and supports people who are discharged from
hospital (on pathway one) who require a level of continued medical
intervention and a level of domiciliary carel home support- our BS3
Community Care Worker provide required home and social support to
residents.
Our Lead Community Connector was joined by a newly recruited Community
Connector, as part of the South Bristol Locality Partnership. The work
continued to support six community groups across the BS3 area, including an
Art group, Knitting, Darts, LBGT and a Morning Social group. We continued
using the Quaker's Meeting House on Marksbury Road to bring activities
closer to community in that area.
Community Centres, Room Hire & Events
During the year 2023-24. we proudly managed weddings for couples from the
local community. This work fomied part of the ongoing development of our in-
house event management public offer. In spring 2024, a new wedding
brochure was designed and promoted alongside more printed adverts
promoting the Milford Hall for large events.
New room booking software Skedda was launched in February 2024 to
support more functionality, design development and integration with our
website.
We installed a solar pv array on the rooves of the Southville Centre July 2023
which will provide up to 25 % of the centre's electricity usage.
We continue to support our long-term regular room bookers, including yoga,
Pilates, football, Jolly Tots (music for babies), Tai Chi. We welcomed several
new popular classes including baby ballet, baby sensory and diabetes
prevention workshops.
In May 2023 we celebrated the King's Coronation with a community lunch,
enjoyed by over 50 local people.
We continued our community screening films, screening Back to the Future,
Cloudy with a Chance of Meatballs and two Christmas Films. Elf and The
Grinch.
We have continued running our LGBT+ FAB (Friends Aging Better) Café at
The Tobacco Factory with volunteer support.
In the Summer of 2024, our long-standing tenants Music Space, have left
given notice on our premises at the Caretakers Cottage, the Southville
Centre, to pursue a more outreach and community-based approach. We are
currently expanding our own office space needs and our room hire offer,
whilst we also consider any other opportunities that this may give us.
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Income Generation
Early Education & Childcare
Our nursery provision generates income via nursery spaces paid for by parents and
through the delivery of government funded Free Early Education Entitlement (FEEE)
spaces. This contributes toward the support of the running of the centres and the
wider offer we can bring to the community in BS3.
Community Centres, Room Hire & Events
2023-24 saw the growth in the demand for our room hire, giving access to the local
community for children's and community activities, health & wellbeing opportunities
and classes. We continued to deliver the support service for the cost-of-living crisis
with access to available partner agencies, hot meals, snacks and refreshment as
part of Bristol City Councils, Welcome Spaces initiative through to the winter 2023.
Grant Writing
In 2023-24 we applied for a total of 30 grants (16 in 2022-23) that had a total value of
£222,940, of which we secured £80,798 from 14 funders. The focus of our grant
applications has been to support our older peoples services, including digital
inclusion and much-loved Monday Club social space. We have continued our work
in support the community with our food projects.
Music Space sub-lease
We lease part of the Southville Centre to Music Spa￿, a charity that provides music
therapy to around 400 children, young people and adults each week across the
Southwest. They use music making to help people communicate and express
themselves. The original lease ended 31st March 2022; we have been in negotiation
with Music Space since then to renew the lease. Those negotiations have continued
throughout 2023124 and into 2024125. the outcome will be highlighted in next years,
Annual Review.
Catering & Café
A new Cafe and Catering Manager was recruited in September 2023 to support the
growth and development of the cafe and the nursery teas offer. The nursery food is
currently still sub-contracted to local award-winning company Early Years Catering in
the BS3 postcode. The Café plans to take over the production of nursery afternoon
teas within the Chessel Centre to support its breakeven targets later in 2024-25.
15

The Café is building on its customer base and, during the cost-of-living crisis, has
provided a safe and welcoming space for community members as well as hot meals
and refreshments to those wishing to attend local community activities and advice
sessions as well as expanding on community activities and events.
Fundraising Activities
A far greater focus was placed on fundraising via grants in 2023124 with the
recruitment of Nia Evans, mid-may 2023; however, Nia left us late December 2023.
We recruited Lila Teasdale, Fundraiser- Trusts & Foundations, late January 2024.
We continued to receive donations from Bailey's of Bristol and are incredibly grateful
for those as they have helped keep our much needed, and highly valued, BS3
Community Food Club going, as well as supported the development of two BS3
Community Pantries (that provide dried food products at highly discounted cost to
those in need).
Bristol Beer Factory also offered free beer for us to sell at our various events, etc, as
a donation to support our charity's work. This is an incredibly generous offer, and we
thank Sam Burroughs, Managing Director, and his team for their generosity.
Emmeline Rodman, Head of Communities, was recruited early June 2023 and has,
amongst many other things, been focused on increasing our room hire, encouraging
parties at our centres and weddings at the Southville Centre, as well as putting on
events and activities to both increase income, plus bring more people into the
Southville Centre, who may then use The School Room Café.
We continued to receive pro-bono support from:
The Cranfield Trust, who help charities unlock new levels of potential. The
Cranfield Trust is the leading provider of pr(Fbono consultancy and management
support for charities in the UK. Their network of highly skilled volunteer
consultants and advisers helps charities succeed and thrive by offering
mentoring, management consultancy, peer support, advice, training and
information. They deployed Kit Beazley to support us with the development of
our three-year business plan.
Bevan Brittan LLP, a UK Top 100 law firm providing legal and advisory services
advising businesses across construction. energy & resource management, higher
education and financial services sectors, complementing the firm's market
leadership within housing, local govemment and health and social care. Bevan
Brittan have been supporting us to re-negotiate the lease agreement with Music
Space.
Studio Lime Architects, they are a young, enthusiastic architectural practice.
Their Bristol-based studio team is experienced in efficiently delivering dynamic
projects. They work closely with a diverse range of clients, to design elegant,
bespoke building solutions and have experience in several sectors with a
particular strength in education. Studio Lime have been providing architectural
16

drawings, exploring the potential to use the loft space above the reception area
as office space.
17

Our Team
By the end of 2023-24 we had 94 employees:
43 full-time.
46 part-time.
Five with casual worker contracts.
Equivalent to 64 full-time employees, with a total of 40 % of the workforce based in the
BS3 postcode area. Several staff reached key long service milestones: 19 with five-
years, five with ten-years, three with fifteen-years. and one with twenty-five-years.
Outside of our trustees, our regular volunteer numbers, operating within a range of our
services, are 40, mostly weekly, typically offering between two and five hours a week.
At the end of 2023-24 we had ten trustees and two probationary trustees. The majority
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 and Helen Donaldson as our Ofsted trustee.
We aim to recruit professionals that are passionate, enthusiastic and who's values are
shared with those of the charity. During the year we had five qualified teachers working
within our nurseries. Within our recruitment process, we focus on promoting equality,
diversity, inclusion and belonging, and we continue to develop processes to support
this.
In 2023-24 we offered further apprenticeship opportunities, and currently have three
apprenticeships linked with City of Bristol College. We offer support, coaching and
training to students via our continually growing intemal training hub, shared
knowledge, and resources.
One employees received their Early Years Level 3 certification.
One employee received their Early Years Level 6 certification.
We invest in staff continuing professional development with four main Certifications"
'Early Years Teacher Status (EYTS), Early Years Professional Status (EYPS), Early
Years Level 3, Apprenticeships levels 2 & 3.
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Other non-statutory training included:
First Aid.
Manual Handling (of children).
Child Protection & Safeguarding.
Food Hygiene (Level 2).
THRIVE mental health champion training.
Creating an inclusive workforce - EDIB.
Domestic Abuse Awareness.
Boundaries Training
Designated Safeguarding Lead.
Fire Warden.
SEN Level 3.
English level 2 (English as a Second Language}
First Aid; CPR and defib.
Exploring gender identity - EDIB.
We thank all our staff, volunteers, and trustees for their commitment to the charity with
flexibility, understanding and support to one-another, throughout the challenges of
2023124.
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Future Plans
Our future plans align with four key strategic areas of development.
1) Enhancing the overall wellbeing and health of BS3 residents.
Through supporting people to address what matters to them, to include mental
health, physical wellness, access to healthcare and to address the wider
determinants of wellbeing and health.
2) Fostering happiness, a sense of belonging and social cohesion.
By creating spaces and programmes that foster social interactions and inclusion.
3) Supporting a great start in life, supporting parents, improved educational and
economic prospects for residents.
Providing excellent childcare, enhancing educational resources, job training and
employment opportunities.
4) Maintaining BS3 Community Development as a great place to work.
Through continued investment in, and opportunities for, our staff and volunteers,
including our trustees, through ensuring a clean, comfortable and accessible
work environment and great internal communication.
20

Financial Review
Investment Policy & Performance
BS3 Community Development has a measured attitude to risk, consciously investing
cash funds into financial institutionsl companies involved in the Financial Services
Compensation Scheme (FSCS). During 2023124, 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 2024, 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 & Operations or Trustees propose 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 2024, the charity held unrestricted, general free reserves of
£345,557. This is made up of unrestricted, undesignated funds and are not
committed to, or invested in, tangible fixed assets, or long-term liabilities.
As of 31 St March 2024, the cash balance was £601,442. An unrestricted deficit of
£47,602 was recorded over the course of the fiscal year.
The trustees consider that the charity has sufficient unrestricted, undesignated
funds. Projected income for childcare, community services and grant raising
continues to make the charity a viable going concern for a period of at least 12-
21

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).
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 Risk Register is updated and reviewed quarterly.
The SMT, managers with budgetary responsibilities, members of the Finance
sub-committee, other sub-committees, and the board-of-trustees review
financial reports monthly and quarterly.
All payments are approvedl 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
We recognise the cost-of-living crisis is easing for some communities but not all, and
this continues to influence demand for servI￿s. During 2023-24 fundraising targets
for the charity remained high, and grants and funding available hasn't always
matched our own internal priorities, this played out as a reduction in funds applied for
and received compared to the prior year. We also made significant use of smaller
funds, to which either match was required or multiple funders were required to
support different areas of delivery. Fundraising for the delivery of some of our core
services continues to be a current risk.
Rising costs, particularly rising salaries, have also had their impact this year, and we
are mindful to balance the needs of the services we deliver, to ensure quality and
consistency of safe delivery against the needs of the charities finances and our
desire to work towards achieving the Real Living Wage - Foundation Living Wage
for all staff.
Other principal risks in the charity are some of the unfunded areas of activity in
delivering our community services and our café and catering provision. The café
continues to build on its reputation and enhanced by some of the community events,
is still working towards a cost neutral position with the backing of the trustees. We
recognise that it will take time to establish the charity's offer and therefore remains a
risk during this period.
22

Reserves Policy
The charity intended that it would start to use a risk-based analysis to set reserve
figures, based on the make-up of the charity's income, although this has not been
undertaken yet, the reserves were set based on the Armageddon model of three-
months running costs.
The financial risks and liabilities the charity could be exposed to, should it be forced
to close, have been reviewed and a Reserrfes Policy was previously adopted. The
range and level of reserves required by the charity is set out below and prioritised in
the following order.
A total of £486,583 has been set as an unrestricted cash reserves target, which
represents three-months trading from our 2023124 actual cost. At year end, the
charity held £345,557 of unrestricted free reserves.
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.
23

Structure, Governance
& Management
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 re-
election. 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 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 members undertake
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 members
aim 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
24

organisational structure. Trustees are also given information on the role's
responsibilities and charity law.
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 non-voting
participants. On completion of a probationary period, they can be formally co-opted
as a trustee by the trustees prior to standing down and being 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.
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:
Simon Hankins, Chief Executive Officer
Becca McDougall, Head of Finance & Operations
Kelly Murphy, Head of Early Education & Childcare
Ruth Green, Head of Communities & Engagement (left April 2023).
Emm Rodman, Head of Communities O'oined June 2023).
The trustees have paid due regard to the Charity Commission's public benefit
guidance in their strategic direction and decision-making process.
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 (AGM)
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 BS3 Community Development.
25

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 situation of the charity and of the income
and expenditure for that period. In preparing those financial statements the trustees
are required to:
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.
Prepare the financial statements on the 'going COn￿rn, 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
26

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.
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 2024.
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 19 November and signed on their behalf by
Isabel Kearney and Peter Phillips, Co-chairs
27

Independent audilors. report
To the members of
BS3 Community Development
Opinion
We have audited the financial statements of BS3 Community Development {the 'chariW) for the year
ended 31 March 2024 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 Accounling 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 charitys affairs as at 31 March 2024 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 perfomied, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitls ability
to continue as a going cOn￿M for a period of at least ￿e1ve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going COn￿M are
described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other inforniation.
Our opinion on the financial statements does not cover the other infom)ation and, except to the extent
otheNise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
28

Independent audilors. report
To the members of
BS3 Community Development
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 infomialion given in the trustees. reporl (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 relats'on 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,. or
the financial statements are not in agreement with the accounting records and returns,. or
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- or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
trustees, report and from the requirement to prepare a strategic report.
Responsibilities of the trustees
As explained more fully in the trustees, responsibilities statement set out in the trustees, report, the
trustees (who are also the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for being satisfied Ihat they give a true
and fair view, and for such internal control as the trustees 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 altemative but to do so.
29

Independent audilors. report
To the members of
BS3 Community Development
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 accordan￿ with ISAS {UK) will always detect a material misstatement
when it exists. Misstalements 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 InStan￿S of non-complian￿ 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-complian￿ with applicable laws and regulations. Throughout the audit,
we remained alert to possible indications of non-complian￿.
(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-complian￿.
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 Complian￿ 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 thal are unusual or outside the nomial course of business.
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 Ihe 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.
30

Independent audilors. report
To the members of
BS3 Community Development
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at= V￿w.frc.org.Uklaudlt0rsresponSlbllitles. This description
forms part of our auditor's report.
Use of our report
This report is made solely to the charitys 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 auditor's report and for no
other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to
anyone other than the chariws members as a body. for our audit work, for this report, or for the
opinions we have fomied.
19 November 2024
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
BS14QD
31

BS3 Community Development
Statement of financial activities (incowrating an income & expenditure account)
For the year ended 31 March 2024
2024
Total
2023
Total
Restricted Unrestricted
Note
Income from:
Donations
Charitable activities
Early Education and Childcare
In Community and Older People's
Services
The Centres
Investments
37.907
26,197
64,104
43,735
1.772.039
1,772.039
1,764,449
285.709
285,709
98,980
1,232
210,486
151,259
1,014
98.980
1,232
Total income
323.616
1.898.448
2,222,064
2,170.943
Expenditure on:
Raising funds
Charitable activities
Early Education and Childcare
In Community and Older People's
Services
The Centres
27.710
27,710
16,067
1,711.583
1,711,583
1,614,299
314.356
10.998
314,356
238,701
258.067
266,599
227,703
Total expenditure
325.354
1,966,996
2,292,350
2,155,032
Net In¢ome l {expenditure)
(1.738)
(68.548)
170,287)
15,911
Transfers between funds
(20,946)
20.946
Net movement in funds
(22.684)
(47.602)
170,287)
15,911
Reconciliation of funds:
Total funds brought forward
168,085
1,181.006
1,349,091
1,333,180
Total funds carried forward
145,401
1,133,404
1.278,805
1,349,091
All of the above results are derived from continuing activities and additional funding that contributes to
the Communities 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.
32

BS3 Community Development
Balance Sheet
As at the 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
11
1,232,547 1,217,183
Current assets
Stock
Debtors
Cash at bank and in hand
12
13
2,849
77,429
601,442
2.947
35,071
799,157
681,720
837,175
Liabilities
Creditors= amounts falling due wthin 1 year
187,062
233,103
Net current assets
494,658
604,073
Total assets less current liabilities
1,727,205 1,821,256
Creditors- amounts falling due after more than 1 year
15
448,400
472,165
Net assets
16
1,278,805 1,349,091
Funds
Restricted funds
Unrestricted funds
Designated funds
General funds
17
145,401
168,085
3,700
4,000
1,129,704 1,177,006
Total charity funds
1,278,805 1,349,091
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 19 November 2024 and signed on their behalf by
Isabel Kearney- Co-chair
Peter Phillips - CrTrChair
33

BS3 Community Development
Statement of cash flows
For the year ended 31 March 2024
2024
2023
Cash used in operating activities:
Net movement in funds
Adjustments for..
Depreciation charges
Dividends, interest and rents from investments
Interest paid
Decrease l (increase) in stock
(Increase) I decrease in debtors
(Decrease) l increase in creditors
(70,287)
15,911
25,596
(1,232)
29,072
98
(42,358}
48,110
23,984
(1,0141
32,946
(2,0231
73,136
39,959
Net cash (used in) I provided by operating activities
107,221
102,981
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
1,232
40,960
1,014
69,474
Net cash used in investing activities
39,728
68,460
Cash flows from financing activities:
Repayment of borrowing
Cash inflow from new borrowing
(50,767) (616,8161
280,000
Net cash used in financing activities
50,767
336,8161
Decrease in cash and Gash equivalents in the year
(197,716) (302,2951
Cash and cash equivalents at the beginning of the year
799,157
1.101,452
Cash and cash equivalents at the end of the year
601,442
799,157
Analysis of changes in net debt
Other non-
At 1 April
cash At 31 March
2023 Cash flows movements
2024
Cash
799,157
197,715
601,442
Loans falling due within 1 year
Loans falling due after 1 year
(20,833)
472.165
(22,902)
448.400
20,833
472.165
(22,902)
448,400
Totsl
306,159
669,017
492,998
130,140

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
1. Accounting policies
a) Basis of preparation
BS3 Community Development is a charitable company limited by guarantee registered in England
and Wales. The registered office address is The Southville Centre. Beauley Road. Bristol. BS3
1QG.
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 ReF)Orting 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 accounts have been prepared on the assumption that the charity is able to continue as a
going concern, which the trustees consider appropriate having regard to the current level of
unrestricted reserves. There are no material uncertainties about the charitys ability to continue as
a going concem.
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 govemment and other grants. whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entillemenl to the funds. any perfomiance 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.
e) Interest receivable
Interest on funds held on deposit is included vthen 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.
35

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
1. Accounting policies (continued)
fj 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 charitvs 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 setuement viill 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 aclivilies. Govemance 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 funderfs specific or agreed requirements, as cost
drivers.
Centre costs..
Along wth the allocation of support and govemance 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 fomiulae based on square meterage for buildings
costs, and full time equivalent employees for njnning 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. Fomiulae templates are adjusted annually to ensure a
true reflection of the charitys 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
Fixtures, fittings and equipment
Land and buildings
2 % slraight line basis
25 % straight line basis
2 % slraight line basis (retaining land value of £275,000)
Items of equipment are capitalised where the purchase price is. or exceeds. £1.000.
36

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
1. Accounting policies (continued)
J) Impairment of fixed assets
At each reporting period end date, the charity ￿vIewS the carying 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 impaimient loss. if any.
If the recoverable amount of an asset is estimated to be less than its carying amount, the carrying
amount of the asset is reduced lo its recoverable amounl. 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 included at the lower of cost or net realisable 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 temi 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 resull in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated ￿lIablY. Creditors and provisions are normally
recognised at their settlement amount after allowng 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 ￿1¢h are
subsequently recognised at amortised cost using the effective interest method.
p) Pension costs
The company operates a defined contribution pension scheme for its employees. There are no
further liabilities other than that already recoqnised in the SOFA.
q) Accounting estimates and key judgements
In the application of the charitys accounting policies, the trustees are required to make
judgements, estimates and assumptions aboul the carying values of assets and liabilities Ihat 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.
37

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
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 vthich 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
2023
Total
Restricted Unrestricted
Income from:
Donations
Charitable activities
Early Education and Childcare
In Community and Older People's Services
The Centres
Investments
24,205
19,530
43,735
1,764,449
1,764,449
210,486
151,259
1.014
210,486
49.113
102.146
1.014
Total income
283,804
1,887.139
2,170,943
Expenditure on".
Raising funds
Charitable activities
Early Education and Childcare
In Community and Older People's servI￿s
The Centres
16,067
16,067
1,614,299
1,614,299
258,067
266,599
258,067
16.606
249,993
Total expenditure
274,673
1,880,359
2.155,032
Net income
9,131
6,780
15,911
Transfers be￿een funds
(58.148)
58,148
Net movement in funds
(49,017)
64,928
15,911
38

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
3. Income from donations
2024
Total
Restricted Unrestricted
Donations fundraising
Donations - organisations
Donations - individuals
Donations - gifts in kind
Donations - unrestricted grants
5,816
25,341
6,750
5,816
39,442
10,466
4,380
4,000
14,101
3.716
4.380
4,000
Total income from donations
37,907
26.197
64,104
During the year. the charity received gifts in kind including. second hand IT equipment. Business
Planning from Cranfield Trust, small items of fumilure. Organisational donations included
substantive donations from Baileys Caravans for the continued support of our Food Projects in
South Bristol.
Prior period comparative:
2023
Total
Restricted Unrestricted
Donations - fundraising
Donations - organisations
Donations - individuals
Donations gifts in kind
Donations - unrestricted grants
4.395
16,278
3,532
4,395
20,377
7,741
7,222
4,000
4.099
4,209
7,222
4,000
Total income from donations
24,205
19.530
43,735
39

BS3 Community Development
Notes to the financial statements
Forthe year ended 31 Ma￿h 2024
4. Income from charitable activities
2024
Total
Restricted Unrestricted
Eady education and childcare-
Childcare income
1,772,039
1,772,039
Total eady education and childcare
1,772.039
1,772,039
In Community and OPS:
Grants
285,709
285,709
Total In Community and OPS
285,709
285,709
The Centres..
Rental, Room Hire & Café
Other
81,134
17,846
81,134
17,846
Total Centres
98,980
98,980
Total income from charitsble activities
285,709
1,871.019
2,156.728
Prior period comparative:
2023
Total
Restricted Unrestricted
Eady education and childcare:
Childcare income
1,764.449
1,764,449
Total eady education and childcare
1,764,449
1,764,449
In Community and OPS:
Grants
210,486
210,486
Total In Community and OPS
210,486
210,486
The Centres..
Grants
Rental and room hire income
Other
49.113
49,113
96,915
5,231
96,915
5,231
Total Centres
49,113
102,146
151,259
Total income from charitable activities
259,599
1,866,595
2,126,194
S. Government grants
The charity received grants from Bristol City Council for the period ending 31 March 2024 of
£93,341 (2023- £33.716}. There are no unfulfilled conditions or contingencies attached to these
grants.
40

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BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2024
7. Net movement In funds
This is stated after charging..
2024
2023
Depreciation
Operating lease payments
Trustees, remuneration
Trustees, reimbursed expenses
Auditors, remuneration..
Statutory audit (exduding VAT)
25,596
7,295
23,984
7,085
8,700
8,300
8. Grants payable:
2024
2023
Redcliffe Parish Discretionary Fund
560
Grants payable are to individuals. All grants are paid to fund charitable activities. The grants
shown above do not include any contribution to core costs.
9. Staff costs and numbers
Staff costs were as follows:
2024
2023
Salaries and wages
Social security costs
Pension costs
Non-salaried staffing costs
1,593,654 1.446,345
105,381
93,475
26,355
23,783
11,350
12,259
1.736,740 1.575,862
One employee received emoluments of beiween £60.000 and £70,000 during the current year.
No employees re￿iVed emoluments of over £60.000 during the prior year (2023).
Key management personnel of the charitable company comprise the trustees, CEO. Head of
Head of Early Education and Childcare. Head of Communities and Engagement, Head of
Finance and Operations. The total employee benefits of the key management personnel were
£212,083 (2023: £205,387).
Staff numbers were as follows:
2024
2023
Average head count
Full time equivalent
93.79
64.56
92.67
63.41
43

BS3 Community Development
Notes to the financial statements
For the year ended 31 March 2024
10. Taxatlon
The charity is exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
11. Tangible fixed assets
Fixtures,
Leasehold fittings and
improvements
equipment
Land and
buildings
Total
Cost
At 1 April 2023
Additions in year
351.181
37,937
235.081
3.023
1,345.321
1,931,583
40,960
At 31 March 2024
389,118
238,104
1,345,321
1,972,543
Depreciation
At 1 April 2023
Charge for the year
32,080
7,778
226,052
4.096
456,268
13,722
714,400
25,596
At 31 March 2024
39,858
230.148
469.990
739,996
Net book value
At 31 March 2024
349,260
7,956
875,331
1,232,547
At 31 March 2023
319,101
9.029
889,053 1,217,183
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
2024
2023
stock - The School Room Café
2,947

BS3 Community Development
Notes to the financial sLitements
For the year ended 31 March 2024
13. Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
68,724
26,796
500
7,775
8,705
77,429
35,071
14. Creditors: amounts due within 1 year
2024
2023
Bank loan
Trade creditors
Accruals
Deferred income"
Other taxation and social security
Other creditors
22,902
28,993
27,558
20,833
30,232
13,262
50,000
27,903
90,873
2,831
104,778
187,062
233,103
"Deferred income movements in the year:
2024
2023
At 1 April 2023
Deferred during the year
Released during the year
50,000
50,000
50,000
At 31 March 2024
50,000
Deferred income relates to funding received in advance of entitlement being met. This was
released in 2023124.
45

BS3 Community Development
Notes to the financial sLitements
For the year ended 31 March 2024
15. Creditors: amounts due after 1 year
2024
2023
Bank loan
Bounce back loan
434,428
13,972
447,162
25,003
448,400
472,165
Analysis of debt maturity
Debt due after more than one year:
repayable between one and five years
repayable in five years or more
73,512
374,888
80,866
391,299
448,400
472,165
The charity undertook a twenty year loan with CAF Bank. in relation to the building, the Chessel
Centre, fixed for five years at 6.390/0 in January 2023.
The charity secured a Govemment backed Business Interruption 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 earty part of the pandemic. The loan was secured at 2.50/0
interest with no payments due within the first year of the loan.
16. Analysis of net assets between funds
Restricted Designated
funds
funds
General
funds
Total
funds
Tangible fixed assets
Net current assets
Non current liabilities
1.232,547 1,232,547
345,557
494,658
448,400
448,400
145,401
3.700
Net assets at 31 March 2024
145,401
3,700
1,129,704 1,278,805
Prior period comparative
Restricted Designated
funds
funds
General
funds Total funds
Tangible fixed assets
Net current assets
Non current liabilities
1,217,183 1,217,183
431,988
604,073
472.165
472,165
168.085
4.000
Net assets at 31 March 2023
168,085
4.000
1,177,006 1.349,091
46

BS3 Community Development
Notes to the financial statements
For thè y•ar endèd 31 March 2024
17. Movements in funds
Transfers
between
funds
At31
arch
At 1 April
2023
Income Expenditure
2024
Restricted funds
Communities Activities
In Community projects..
Community Webs
Community Connectors
BCC - Welcome Spaces
Knowle Wesl - Sirona
Tech&T3lk- ILOP
Hyper Local - ILOP
Alonely - ILOP
KWHP - Community Anchor
Quartet Community Anchor
Community Awards & grants
In community projects
BS3 Community Care
Make it Local - Phase I, 11 & 111
Home Support Project
BS3 Food Projects
BS3 Food Club
Quartet Surplus Food Club
Feeding Bristol Household Support
BS3 Community Cupboards
Older people's services
Monday Club
St Monica's Digital Inclusion
Early education and childcare:
Toddler & Grandparent group
Organisational - Building improvements
Organisational - Development
17.247
27,249
11.144
89.266
52,041
1.830
10.000
440
198.199}
{76,608}
113.235)
{10.000}
(2.801 }
(812}
945
9,259
2.682
261
2.361
812
7,000
{7,000}
16581
11351
{5.654}
658
440
2.649
2,200
5.892
(2,5051
(9451
1,942
23.187
50.850
43.342
{20.508}
{5,447}
53,529
37.895
10,327
5.000
24,920
{23,409}
{5.063}
{3,055}
(39)
22
63
11.860
4,081
16.270
1.026
16,231
3.997
23,621
11.733
{17.732}
120,611}
2.002
3.010
17
24.376
15,000
3.751
{4.608}
857
{2.730} (21.6461
7,050
17
7.950
168,085
323,616
325,354
20,946
145.401
Total restricted funds
Unrestrlcted funds
Designated funds:
Power to Change- Powering Up
4.000
4.300
3.700
Total designated funds
4.000
4.300
3.700
General funds
1.177.006 1.894.448
1.966.996}
25.246
1,129,704
Total unrestricted funds
1.181.006 1.898.448
1.966.996
20,946
1.133.404
Total funds
1,349.091 2,222,064
2,292,350
1.278.805
47

BS3 Community Development
Notes to the financial statements
For thè y•ar endèd 31 March 2024
17. Movements in funds (continued)
Purposes of restricted funds
Community Webs
Funding from BNSSG ICB paid via local Primary Care Network {PCNI Bridge View Medical IBVMI. The
delivery of Social Prescribing staff through bocal general practitioner practices.
BS3 Community Connectors
Test and leam project wth multiple slakeholders, VCSE and statutory. Delivery partner is Knowle West
Health Park. BS3 Community Connectors are go to people that are based in the community who support
people from that communty to connect with each olher and help build community. BS3 Community
Connectors are able to support with setting-up, as well as access to. local activities, groups and services.
Funding from BNSSG ICB via Knowle West Health Path Company.
Bristol City Council- Welcome spaces
Grant specifically in relation lo suppori with Ihe running of activities and spaces available for residents, and
vulerable services users that may require a wa￿n space and 8 meal. The charity has Put on additional
sessions with advice agencies such as Citizens Advi￿ Bureau as well as social events, including games
2ftemoons, free refreshments and meals and access to a public computer space.
Knowle West - Sirona
A letter of understanding exists to enabel the engagement of BS3 Community Development with South Bristol
Locality Board to develop communits.es that lieve healthy and fulfilled lives.
Tech&Talk- ILOP
Funds held for ILOP {Improving Lives for Older People) for tech and talk computer and chat cafes.
Hyper Local- ILOP
Funds held for local group ILOP (Improving Lives for Older People) for delivery of workshops around
retirement, isolation and loneliness.
Alonely- ILOP
A series of monologues perfom)ed 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 perfomiance 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.
Fun(Js held for local group ILOP {Improving Lives for Older People) for deliverylproduclion of Alonely
monologues around isolation and loneliness.
Knowle West- Community Anchor Organisation
A letter of understanding exists between Knol￿e West Health Park Company and BS3 Community
Development for both organisalions lo act as Lead Locality Partners via being on the South Bristol Locality
Partnership {SB-LPI Board. The SB-LP seeks to bring key organisations and services together to support
communities so that people can live healthy and more fulfilled lives. Funding from Sirona care & health via
Knowle West Health Park Company.
Quartet- Community Anchor
Grant lo give specific support to the strenglhing of the Community Anchor offer that BS3 Community provides
across the BS3 post code and South Btislol generally.
48

BS3 Community Development
Notes to the financial statements
For thè y•ar endèd 31 March 2024
17. Movements in funds (continued)
Purposes of restricted funds (continued)
Community Awards & Grants
Discretionary funding from Redcliffe Parish for individuals that are economically vulnerable and grants to
support BS3 with delivery of setvI￿S to those individuals.
In Community projects
General Community projects
Including bul not exclusively, administrative and financial support to projects such as 'Pass the Parcel"
delivery of projects such as BS3's Stroll & Chat- and the UOB peer project - Reimagining Day Care.
Make it Local - 8S3 Care
BS3 Community Care is an introductr)ry service that matches local care seekers with local indepentdent, sole
trader, care providers. This social enterprise project launched in July 2024. Initial funding was provided as
grants from Bristol City Council with income now being generated by this Community Business.
Home Support Project - BS3 Care
BS3 Community Home Support service is a partnership between BS3 Communtty Development and Sirona
care & health to support people discharged from hospital on Pathway One who require some additional
support lo undertake basic household tasks andl or access their community. Funding from Bristol City Council
Better Care Fund.
BS3 Food Club
Initially partnered with with Family Action lo provide a Servi￿ for a Food On Our Doorstep. BS3 Community
now solely run this membership driven focxl club, supporting those on restricted incomes with subsidised food
and groceries. The project also re￿iVeS generous donations in time and finances from Baileys Caravans to
support the need of the local community-
Quartet- Surplus Food and Supper Club
Grant received al the end of the financial year 2023. to contribute towards the support of the local community,
in providing a nehvork for the provision of surplus food and a long table community supper club. Two supper
dub dinner events were facilitated.
Feeding Bristol - Winter Support Fund
Grants specifically to enable the support of food parcels dislribuled through the community centre and the
local primary schools, in direct response to the cost of living crisis and high inflation on food costs.
BS3 Community Cupboard
Launching in the March 2024. the Communty Cupboards. are in addition lo the Food Club, delivering setvices
for local residents and families. Low cost dry goods are available to residents without having to go through an
eligibility test.
Monday Club - Older pgople's services
Older peoples club, historically run from our centre but remodelled due to Covid. The ever popular Monday
Club delivers social activities weekly activities and a community lunch in Ihe Café.
st Monica's Digital Inclusion
Digital inclusion project for older citizens, delivering workshops, activits'es and leaming sessions, with the
inclusion of written and printed "how to guidelines- rec￿urseS developed. deliverable across BS3.
49

BS3 Community Development
Notes to the financial statements
For thè y•ar •nd•d 31 March 2024
17. Movements in funds (continued)
Purposes of restricted funds (continued)
Toddler and Grandparents group -TAG
An intergenerational play group run from Southville Centre site., weekly Toddler & Grandparent sessions, in
partnership currently funded via donations and subscriptions.
Organisational - Buildings improvement:
Supporting buildings rnaintenan￿. improvements, and repair works- to enable the retention of existing
customer base, increase the potential activity and fooffall. including more environmentally sustainable options
for the Souithville Cent￿, this years work induded the addition of solar panels to the SoLJthville Centre.
Funding from Power to Change. Community Support Fund Capital grant with match funding.
Organlsational - Development:
Power lo Change Reach Fund
in support of the exploration of further nursery facilities in the BS3 area, to
help with engagement of Triodos bank and future developments.
Purposes of designated funds
Désignatèd fund$
BS3 Community Development designed some funds to act as match funding along wth Designating
unrestricted funding from Power to Change- Powering up grant.
Transfers between funds
Transfer of funds stated under Building improvemenls and Power to Change
cover capital costs of the
building improvements at the Southville Cenlre. The transfer of funds betsveen In Community projects and
Bedminster FOOD club was made lo separate the fund as the projecl received increased funding and
expanded its work. A Community Grant Award from Redcliffe Parish Council funded a new improved
dishwasher for the BS3 Cafe transfer of funds to the balan￿ sheet due to capitalisation.
50

BS3 Community Development
Notes to the financial statements
For thè y•ar endèd 31 March 2024
17. Movements in funds (continued)
Prior period comparative
Transfers
be￿een
funds
Asat31
March
2023
As at 1 April
2022
Income Expenditure
Restricted funds
Community development..
In Community projects..
Community Webs
Swift Social Prescribing
SW&EB Health Inequalities
Community Connectors
Community Connectors- St Monica's
Digital Indusion St Monica's
KnovAe Wesl HP- Sirona
Tech&Talk
Hyper Local
Alonely
Make it Local phase 1,11 &111
BS3 Food Club
BCC Support PPE grant
BCC Welcome Spaces
Winter Household Support
Quartert Surplus Food Club
Quartet Community Anchor
Community Awards & grants
Mental Heallh Changes
In community projects
Older people's services
Early education and childcare:
Grandparent & Toddler group
Organisational - building improvements
Organisational - building improvements
24,001
630
8,702
14.764
32.526
68,146
7.558
110
25.369
174,900}
{8.188}
{8,812}
112.884)
132,526}
17,247
27.249
23.621
10.000
5,350
23,621
110,0001
13.4581
469
812
1.818
57,369
2.361
812
112
11.930)
134,182)
18.356}
19,216)
113.356)
15.000)
23,187
10,327
17.699
9,216
24.500
5.000
5.000
6,200
900
984
11,144
5,000
658
440
15,542}
1560}
13,411)
17.625}
114,066)
100
3,411
2.401
4,383
8.857
13,680
(9841
2,649
3,997
698
65.018
3,374
34.113
15.000
14,055)
116.606} {58,1481
17
24,377
15,000
Total restricted funds
217,102
283,804
274,673
58,148
168,085
Unrestricted funds
Designated funds..
Power to Change- match funding
Power to Change- Powering Up
5,410
(36}
(5,3741
4.000
4,000
Total designated funds
5.410
4.000
{36}
(5.3741
4,000
General funds
1.110.668 1.883.139
1.880.323
63.522
1.177,006
Total unrestricted funds
1.116.078 1.887.139
1.880.359}
58.148
1.181.006
Total funds
1,333.180 2,170,943
2,155,032
1,349,091
51

BS3 Community Development
Notes to the financial statements
For thè y•ar endèd 31 March 2024
18. Operating lease commitments
The charity had operating leases at the year end with total future minimum lease payments as follows..
2024
2023
Amount falling due=
Within 1 year
Within 1- 5 years
7,295
15.461
7.295
22,756
22,756
30.051
19. Related party transactions
Trustees of the charity use the nursery services at BS3 Comrnunity Development and these transactions are
carried out at arms length. All trustees were encouraged lo join the staff in the BS3 Café with a £10 voucher
for coffee and cake in December 2023.
No other related p8ty transactions occurred in the years ended 31 March 2023 or 2024.
52