##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees' Report||2 to 14|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|16to 19|
|Statement ofFinancial|Activities|20 to 21|
|Balance Sheet||22|
|Statement ofCash Flows||23|
|Notes to the Financial|Statements|24 to 34|
##
##
|||Re|ference and Admini|ference and Admini|
|---|---|---|---|---|
|Trustees|||SCLedbetter||
||||TFazal||
||||H LAllen-Robson||
||||A Abbas||
||||S Shah||
||||M T Sidat||
|Secretary|||JG Hodgkinson||
|Chief Executive Officer|||JG Hodgkinson||
|Charity Registration||Number|1008190||
|Company|Registration|Number|02668971||
|Registered|Office||Boulevard|Centre|
||||Cathedral|Quarter|
||||Blackburn||
||||BB11EZ||
|Auditor|||KM||
||||1stFloor, Block C||
||||The Wharf||
||||Manchester|Road|
||||Bumley||
||||Lancashire||
||||BB111JG||
|Bankers|||Barclays Bank pic||
||||72/78 StJames Street||
||||Burnley||
||||Lancashire||
||||BB111NH||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||rD||||||||||||||QO|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||QO||||||||C||||||||QO||
||||||||||O|Ch||||||||||||CD||
|||0|O||||M||Oc|QO||||Ctc|||||||Ch|cc
CD||
|||||||||I|I|||O|||||||||CCC|||
||||||||Vt|||||||||||||||LD||
||||||||||||||||ID||||cD|||||
|||||||||||||CO||LO|QO||||QO||C|Vt
VI||
||||||||Ch|||||Oc||OI||||||||||
||O|||||||||||||||||||||||
||cc||||||||||||I||QO||||QO||Ch|||
||||||||Ch||||||||QO||||QO|||||
|||||||QO||||||||||||||||||
||||||||CD||O|||QO|||||||LO||Ch
ID|||
|||4t||||||||||||||||||||||
||~4|||||||||||||||||||||||
||Ml|||||||||||||||||||||||
|||||||||O||||QO||OI|||||||||at
+|
||||||||||QO|CD||m||CD||||||||||
|||||||||||||QO|||||||||QO|||
|'Zt|cct|Cc0|||||QO
Ch||cD|CD||Ctc
ch|CD
CD||||||CD||||G
cct|
||O||||||||||||||||||||||CI|
||O|||||||||||||||||||||||
|cc||||||||||||||||ID|||Ctc||||O|
|~|8|||||||||||QO||QO|ID|QO|||QO||LO||Ct|
||ctt|||||||||||QO|CDO|CCC||Ch|||cD|||||
|o|~||||||||||||||||||||||80|
|W|g
cc||||||||||||||||||||||at|
||ID|'cc
4t|||||CDO|O|QO|ID||||||CD|||cc||||O|
|||||||||||||||||QO|||QO|||||
||||||||||||||||||||CD|||||
||||||||||||||||||||||||O|
|||ct|||||||||||||||||||||+|
|||cc||||||||||||||||||||||
|g
ccc|||||||||||||||||||||||ct|
||||||||||||||||||||||||OO|
|~~|||||||||||||||||||||||45|
|O|g4|||0|||||||||||||||||||0
O|
|c|||||||||||||||||||||||O|
|Pk||||||||||||||||||||||||
|8||||||||||||||||||||||||
||ctt|||||||||||||||||||||||
|cct||||||||||||||||||||||||
|cn|E|||||||||||||||||||||||
||ID|||||||||||||||||8||||||
|||||||||||||||||||ct||||||
||M||||||||||||||||Ctl|Clt||||||
||'6||||||||||||||||4k
VI0
VI|||||||
|||||||||||||||||||O|||'0|||
|||||||6|Cn||||||||||al|ca
Crt|0|0|~O|||
||||||0
0
~
cc|Clt
CII
8
O
Q|v|g
0|re
E
I
0|Oo
ca
+|0
CP
't0
0ct
Ct
IÃ|O
a~
ca
U||j
&40
O|||4t 8
VJ
O
ON
CCI
0
rtt
M
CII
O
CII0
08||E
O
E
Z|0
0|Qtt
O
O|||
##
##
|||Balance Sheet as at 31|March 2023|||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|||
|Fixed assets||||||
|Tangible assets|||15|1,000,000|1,935,387|
|Current
assets||||||
|Debtors|||16|541,955|775,948|
|Cash at bank|and in hand|||596,375|22,424|
|||||1,138,330|798,372|
|Creditors: Amounts||falling due within one year|17|(221,513)|(193,915)|
|Net current|assets|||916,817|604,457|
|Total assets|less current liabilities|||1,916,817|2,539,844|
|Creditors: Amounts||falling due after more than one year|18|(480,180)|(498,982)|
|Net assets||||1,436,637|2,040,862|
|Funds ofthe|charity:|||||
|Restricted income funds||||||
|Restricted
funds||||442,876|1,455,165|
|Unrestricted|income|funds||||
|Unrestricted|funds|||993,761|585,697|
|Total funds|||19|1,436,637|2,040,862|
##
##
||||2023|2022|
|---|---|---|---|---|
|||Note|||
|Cash flows from operating
activities|||||
|Net cash (expenditure)/income|||(604,225)|94,434|
|Adjustments
to cash flows from non-cash|items||||
|Depreciation|||(533,221)|49,997|
|Investment
income|||(40)|(257)|
|Revaluation
ofland and buildings|||1,468,608||
||||331,122|144,174|
|Working capital adjustments|||||
|Decrease/(increase)
in debtors||16|233,993|(400,281)|
|Increase in creditors||17|27,598|130,487|
|Net cash flows from operating
activities|||592,713|(125,620)|
|Cash flows from investing
activities|||||
|Interest receivable
and similar income|||40|257|
|Cash flows from financing
activities|||||
|Repayment
ofloans and borrowings||17|(18,802)|(22,330)|
|Net increase/(decrease)
in cash and cash equivalents|||573,951|(147,693)|
|Cash and cash equivalents
at I April|||22,424|170,117|
|Cash and cash equivalents
at 31March|||596,375|22,424|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|4
Income|from||charitabl|e
ac|tivities|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|||||
||||||funds|Restricted||Total|Total|
||||||General|funds||2023|2022|
||||||||||f.|
|Charitable|activities||||642,007|1,276,636||1,918,643|1,394,750|
|5
Investment||income||||||||
|||||||Unrestricted||||
|||||||funds||Total|Total|
|||||||General||2023|2022|
|Interest receivable|||on bank|deposits|||40|40|257|
|6
Other income||||||||||
|||||||Unrestricted||||
|||||||funds||Total|Total|
|||||||General||2023|2022|
|Fees and supplies|||||||8,202|8,202|10,649|
|Rental income|||||||93,980|93,980|79,683|
||||||||102,182|102,182|90,332|
|7
Expenditure|||on charitable||activities|||||
||||||Unrestricted|funds|Restricted|Total|Total|
||||||Designated|General|funds|2023|2022|
|||||Note||||||
|Depreciation,||||||||||
|amortisation|and||other|||||||
|similar costs|||||||43,220|43,220||
|Grant funding of||||||||||
|activities|||||||62,641|62,641|88,341|
|Staff costs||||||322,495|694,599|1,017,094|885,904|
|Governance|costs||||24,941|5,818||30,759|10,136|
||||||24,941|328,313|800,460|1,153,714|984,381|
##
##
|8|Other|expenditure|||
|---|---|---|---|---|
||||Restricted|Total|
||||funds|2023|
|Impairment||offreehold building|1,002,571|1,002,571|
||||1,002,571|1,002,571|
##
|||||Unrestricted|funds|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Designated|General|2023|2022|
|Audit fees||||||||
|Audit ofthe financial|||statements||5,818|5,818|3,000|
|Other governance||costs||24,941||24,941||
|Allocated|support|costs|||||7,136|
|||||24,941|5,818|30,759|10,136|
##
|2023|2022|
|---|---|
|5,818|3,000|
##
##
##
|The aggregate
payr|oll costs were as follows:|||
|---|---|---|---|
|||2023|2022|
|Staff costs during|the year were:|||
|Wages and salaries||884,240|777,865|
|Social security costs||78,779|61,140|
|Pension costs||54,075|45,774|
|||1,017,094|884,779|
##
|2023||2022||
|---|---|---|---|
|No||No||
||54||42|
|13 Auditors'|remuneration|
|---|---|
|Audit ofthe|financial
statements|
|2023|2022|
|---|---|
|5,818|3,000|
##
##
##
|15 Tangible
fixed assets||||
|---|---|---|---|
||Land and|Furniture
and||
||buildings|equipment|Total|
|Cost||||
|At 1 April 2022|2,468,608|195,741|2,664,349|
|Revaluations|(1,468,608)||(1,468,608)|
|At 31 March 2023|1,000,000|195,741|1,195,741|
|Depreciation||||
|At 1 April 2022|533,846|195,116|728,962|
|Charge for the year|(533,846)|625|(533,221)|
|At 31 March 2023||195,741|195,741|
|Net book value||||
|At 31March 2023|1,000,000||1,000,000|
|At 31March 2022|1,934,762|625|1,935,387|
|16 Debtors||||
|||2023|2022|
||||K|
|Trade debtors||72,970|90,733|
|Prepayments||10,926|5,840|
|Accrued income||458,059|679,375|
|||541,955|775,948|
##
##
|17 Creditors:|amounts
falling due within
one year|||
|---|---|---|---|
|||2023|2022|
|Bank loans||24,000|24,000|
|Trade creditors||61,682|46,983|
|Other taxation|and social security|7,656|24,537|
|Other creditors|||241|
|Accruals||128,175|98,154|
|||221,513|193,915|
|Creditors|due within|due within|one|year includes|the|following|liabilities,|on which security has been given by|on which security has been given by|on which security has been given by|the charity:|the charity:|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023||2022||
|Bank loan|- Barclays||Bank||||||24,000||24,000||
|The bank|loan is|secured||on the properties||owned by|the charity.||||||
|18 Creditors: amounts||||falling due after||one year|||||||
||||||||||2023||2022||
|Bank loans|||||||||480,180||498,982||
|Creditors|amounts|falling||due after more||than one year includes||the following|liabilities,|on which|security|has|
|been given by the||charity:|||||||||||
||||||||||2023||2022||
||||||||||||f.||
|Bank loan|- Barclays||Bank||||||480,180||498,982||
##
##
|19 Funds||||||||
|---|---|---|---|---|---|---|---|
|||Balance at||||Other|Balance at|
|||1 April|Incoming|Resources||recognised|31March|
|||2022|resources|expended|Transfers|gains/(losses)|2023|
|||||K||||
|Unrestricted
funds||||||||
|General||||||||
|General Funds||277,738|744,370|(520,010)|92,879||594,977|
|Designated||||||||
|Fixed assets||131,103||(31,714)|(99,389)|||
|Strategic Investment||||||||
|Fund||66,856|||34,580||101,436|
|Business continuity||100,000|||30,170||130,170|
|Buildings
fund||10,000|||40,000||50,000|
|Revaluation
reserve||||||117,178|117,178|
|||307,959||(31,714)|5,361|117,178|398,784|
|Total unrestricted|funds|585,697|744,370|(551,724)|98,240|117,178|993,761|
|Restricted funds||||||||
|Fixed assets||1,281,302||(1,045,791)|143,131||378,642|
|BigLocal Trust||2,363|(2,363)|||||
|ESF —Action for|Jobs||603,666|(396,258)|(207,408)|||
|ESF —Upskilling||105,126|685,995|(685,995)|(40,892)||64,234|
|Brian Mercer Charitable||||||||
|Trust||66,374|(10,662)|(62,641)|6,929|||
|||1,455,165|1,276,636|(2,190,685)|(98,240)||442,876|
|Total funds||2,040,862|2,021,006|(2,742,409)||117,178|1,436,637|
##
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|Incoming|Resources||31March|
|||||April 2021|resources|expended|Transfers|2022|
|Unrestricted
funds|||||||||
|General|||||||||
|General Funds||||392,453|544,825|(468,437)|(191,103)|277,738|
|Designated|||||||||
|Fixed assets|||||||131,103|131,103|
|Match funding|projects|||66,856||||66,856|
|Business continuity||||40,000|||60,000|100,000|
|Boulevard centre||||10,000||||10,000|
|||||116,856|||191,103|307,959|
|Total unrestricted||funds||509,309|544,825|(468,437)||585,697|
|Restricted funds|||||||||
|Buildings||||1,348,866||(67,564)||1,281,302|
|BigLocal Trust||||2,363||||2,363|
|ESF —Action for||Jobs|||263,588|(263,588)|||
|ESF —Upskilling|||||670,775|(565,649)||105,126|
|Brian Mercer Charitable|||||||||
|Trust||||72,805||(6,431)||66,374|
|Eric Wright Charitable|||Trust|13,085||(13,085)|||
|Small grants|||||9,993|(9,993)|||
|||||1,437,119|944,356|(926,310)||1,455,165|
|Total funds||||1,946,428|1,489,181|(1,394,747)||2,040,862|
##
|20 Analysis of|net assets betwe|en
funds||||
|---|---|---|---|---|---|
||||||Total funds at|
|||Unrestricted|funds|Restricted|31March|
|||General|Designated|funds|2023|
||||K|||
|Tangible fixed|assets||400,000|600,000|1,000,000|
|Current assets||636,961|281,606|219,763|1,138,330|
|Current liabilities||(41,983)|(24,000)|(155,530)|(221,513)|
|Creditors over|1 year||(258,822)|(221,358)|(480,180)|
|Total net assets||594,978|398,784|442,875|1,436,637|
||||||Total funds at|
|||Unrestricted|funds|Restricted|31March|
|||General|Designated|funds|2022|
|Tangible fixed|assets||654,085|1,281,302|1,935,387|
|Current assets||350,732|176,856|270,784|798„372|
|Current liabilities||(169,915)|(24,000)||(193,915)|
|Creditors over|1 year||(498,982)||(498,982)|
|Total net assets||180,817|307,959|1,552,086|2,040,862|
##