## ## ## ## ## |||||||Page| |---|---|---|---|---|---|---| |Trustees'
annual
report (incorporating|||the|directors'|report)|| |Independent
examiner's
report||to the|trustees|||10| |Statement
offinancial|activities|(including||income and||| |expenditure
account)||||||| |Statement
offinancial|position|||||12| |Statement
ofcash flows||||||13| |Notes to the financial|statements|||||14| |The following
pages|do not form part ofthe financial statements|||||| |Detailed statement
of|financial|activities||||31| |Notes to the detailed|statement|offinancial||activities||32| ## ## |Registered|Registered|charity|name|name|The Bond Board|Limited|Limited|||| |---|---|---|---|---|---|---|---|---|---|---| |Charity registration|||number||1040176|||||| |Company|registration|||number|02807564, registered||in England||and Wales|| |Principal|office and||registered||209-211 Bury Road|||||| |office|||||Rochdale|||||| ||||||Lancashire|||||| ||||||OL11 4EE|||||| |The trustees||||||||||| ||||||E Draper|(appointed||02/12/2020)||Chair from 02/12/2020| ||||||A B Howard|Chair|to 02/12/2020|||| ||||||P R Gibbs|Treasurer||||| ||||||S K Maxwell
S McCarthy|(resigned||18/01/2021)||| ||||||J D Powell|(resigned||11/05/2021)||| ||||||I J Simpson|||||| ||||||K EThomas|||||| |Company|secretary||||A Beeput|Chief Executive||||| |Independent||examiner|||B Fine FCA|||||| ||||||Parkgates|||||| ||||||Bury New Road|||||| ||||||Prestwich|||||| ||||||Greater Manchester|||||| ||||||M25 OJW|||||| |Bankers|||||The Co-operative|Bank||||| ||||||19Knowsley Street|||||| ||||||Bolton|||||| ||||||Lancashire|||||| ||||||BL1 2AS|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Ye|ar end|ed 31 March|2021||| |---|---|---|---|---|---|---|---| ||||||||As restated| ||||||2021||2020| |||||Unrestricted|Restricted||| |||||funds|funds|Total funds|Total funds| ||||Note|||f|E| |Income and endowments|||||||| |Donations
and legacies|||5|275||275|615| |Charitable
activities|||6|450,759|384,792|835,551|802,477| |Investment
income|||7|5,401||5,401|4,383| |Other income|||8|118,159||118,159|59,213| |Total income||||574,594|384,792|959,386|866,688| |Expenditure
Expenditure
on charitable||activities|9|444,098|269,019|713,117|705,831| |Expenditure
on other|||9|161,781||161,781|| |Total expenditure||||605,879|269,019|874,898|705,831| |Net income/(expenditure)||and net|||||| |movement
in funds||||(31,285)|115,773|84,488|160,857| |Reconciliation
offunds|||||||| |Total funds brought|forward|||304,883|196,365|501,248|340,391| |Total funds carried|forward|||273,598|312,138|585,736|501,248| ## ## ## ## |||||Year ended 31|March|2021||| |---|---|---|---|---|---|---|---|---| |||||||||As restated| |||||||2021||2020| ||||||Note|||E| |Fixed assets||||||||| |Intangible
assets
Tangible fixed assets|||||14
15||47,151
24,958|21,468
13,824| ||||||||72,109|35,292| |Current assets||||||||| |Debtors|||||16|76,612||62,628| |Cash at bank|and|in|hand|||540,174||424,580| |||||||616,786||487,208| |Creditors: amounts|||falling|due within one year|17|103,159||21,252| |Net current|assets||||||513,627|465,956| |Total assets|less|current||liabilities|||585,736|501,248| |Net assets|||||||585,736|501,248| |Funds ofthe charity
Restricted funds|||||21||312,138|196,365| |Unrestricted|funds||||21||273,598|304,883| |Total charity|funds||||21||585,736|501,248| ## ## ## ## |||Year en|ded 31 March|2021||| |---|---|---|---|---|---|---| |||||||As restated| ||||||2021|2020| |||||Note|E|E| |Cash flows from operating|activities|||||| |Net income/(expenditure)|||||84,488|160,857| |Adjustments
for:||||||| |Depreciation
oftangible
fixed|assets||||3,865|5,172| |Amortisation
of intangible
assets||||||1,392| |Other interest receivable
and|similar income||||(5,401)|(4,383)| |Changesin:||||||| |Trade and other debtors|||||(13,983)|(21,330)| |Trade and other creditors|||||81,907|(43,237)| |Cash generated
from operations|||||150,876|98,471| |Interest received|||||5,401|4,383| |Net cash from/(used
in) operating||activities|||156,277|102,854| |Cash flows from investing|activities|||||| |Purchase
oftangible assets|||||(15,000)|(1,156)| |Purchase
of intangible
assets|||||(25,683)|(21,120)| |Net cash used
in investing
activities|||||(40,683)|(22,276)| |Net increase/(decrease)
in|cash and cash||equivalents||115,594|80,578| |Cash and cash equivalents|at|beginning|ofyear||424,580|344,002| |Cash and cash equivalents|at|end ofyear|||540,174|424,580| |Cash and cash equivalents||||||| |Cash and cash equivalents||comprise the following:||||| ||||||2021|2020| |||||||E| |Cash at bank and
in hand|||||540,174|424,580| ||||||540,174|424,580| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4.|Limited by guarantee||||||||| |---|---|---|---|---|---|---|---|---|---| ||The charity
is a company
limited|by guarantee.||The members
of the|||company
are||the trustees.| ||Every member ofthe company
undertakes||to contribute|||to the assets on the||company,|in the event| ||of it being wound
up during
the time that||he/she/it||is a|member,
or within one year afterwards,
for|||| ||the payments
of the debts
and|liabilities|of the|company,
contracted|||before the time at which||| ||he/she/it
ceased to be a member,|and ofthe costs,|||charges and expenses ofwinding||||up the same,| ||and for the adjustments
of the rights of the contributors|||||among themselves||such amount as may|| ||be required,
not exceeding one pound.||||||||| |5.|Donations
and legacies||||||||| ||||Unrestricted|||Total Funds|Unrestricted||Total Funds| ||||Funds
f|||2021
f||Funds
f|2020
f| ||Donations||||||||| ||Donations|||275||275||615|615| |6.|Charitable
activities||||||||| |||||||Unrestricted|Restricted||Total Funds| |||||||Funds
f||Funds
f|2021
f| ||Rochdale
Adult Care|||||74,507|||74,507| ||Bolton Metropolitan
Borough Council|||||50,000|||50,000| ||Rochdale
Metropolitan
Borough|Council||||70,000||50,000|120,000| ||Rochdale
Metropolitan
BC-Covid|special|measures|||||35,000|35,000| ||Rochdale
Borough Council|||||||32,223|32223| ||Lloyds Foundation|||||||22,856|22,856| ||Lloyds Foundation
Covid 19|||||||8,853|8,853| ||Big Lottery Fund - H.A.R.P. project
Big Lottery Fund -Covid 19
LAASLO|||||74,850||52,085
48,352|52,085
48,352
74,850| ||PRS Leasing|||||||71,500|71,500| ||Housing
First|||||180,902||13,968|194,870| ||GM Mayor Charity-Covid
19|||||||40,448|40,448| ||ESF-Community
Grant|||||||4,007|4,007| ||Post code training
(where from)|||||||5,500|5,500| ||Tesco|||||500|||500| |||||||450,759||384,792|835,551| ## ## ## ## ## |Charitable
activities
(continued)||||| |---|---|---|---|---| |||As restated||| ||Unrestricted|||| ||Funds|Restricted|Funds|Total Funds 2020| ||F||E|F| |Rochdale
Adult Care|75,940|||75,940| |Bolton Metropolitan
Borough Council
Rochdale
Metropolitan
Borough Council
Fair Housing
Futures
Big Lottery Fund-Well
being
Lloyds
Entrenched
Rough Sleepers SIB
Comic Relief|50,000
102,223
40,852||35,643
10,000
31,851
4,010|50,000
102,223
35,643
10,000
31,851
40,852
4,010| |Big Lottery Fund - H.A.R.P. project
From My Place to Yours
LAASLO|56,250||119,082
50,183|119,082
50,183
56,250| |PRS Leasing
Housing
First
Nationwide
Building Society|71,500
119,718|||71,500
119,718
35,225| ||516,483||285,994|802,477| |7.|Investment
income|||||| |---|---|---|---|---|---|---| ||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds|2021|Funds|2020| ||||F|F||| ||Bank interest receivable||5,401|5,401|4,383|4,383| |8.|Other income|||||| |||||Unrestricted|Restricted|Total Funds| |||||Funds|Funds|2021| |||||F|E|F| ||Letting out commissions
Landlord
refit income|||64,976
8,893||64,976
8,893| ||Leasing fees
Letting out rechargeable
Tenant rent
in advance|repairs||10,756
28,084
1,339||10,756
28,084
1,339| ||Other income|||4,111||4,111| |||||118,159||118,159| |||||Unrestricted|Restricted|Total Funds| |||||Funds
E|Funds
f|2020| ||Letting out commissions
Landlord
refit income|||50,365
3,152||50,365
3,152| ||Other income|||4,923|773|5,696| |||||58,440|773|59,213| ## ## ## ## |Total Resources Expended|Total Resources Expended||||||| |---|---|---|---|---|---|---|---| |Direct Costs allocated to activities|||||||| ||Access to|Supporting|||||| ||Housing
&
Homeless|Tenants to
Sustain a|Improving
Property||Ethical
Letting|At
31 Mar|At
31 Mar| ||Protection|Tenancy|Standards|Trade/Other||2021|2020| ||E|E|E||E||| |Supplies
& Services
Room hire/refreshment
Staff Training
Staff Wages
Recruitment|53,486
1,036
6,873
149,084
680|4,007
171
412
243,570
2,160|7,471
35,894||78,720
1
56,142|143,684
1,208
7,285
484,690
2,840|| |Travel
Legal, Consultancy.
Phone
Health
&Safety|4,691
52
2,178
99|2,991
5,112
2,759
272|||820
139
1,067
27|8,502
5,303
6,004
398|| ||218,179|261,454|43,365||136,916|659,914|| |Support Costs allocated to activities|||||||| ||Access to
Housing
8
Homeless|Supporting
Tenants to
Sustain a|Improving
Property||Ethical
Letting|At
31 Mar|At
31 Mar| ||Prevention|Tenancy|Standards|Trade/Other||2021|2020| ||E|F|||F|f|| |Premises Costs
General
Office Costs
Admin
Staff Wages
Communication
Finance
& Charges
Depreciation
Governance|22,847
1,308
71,759
14,024
296
1,345
7,154|17,321
994
29,643
7,760
177
2,520
4,572|8,399||5,144
1,318
13,137
2,040
1,689
1,537|45,312
3,620
122,938
23,824
2,162
3,865
13,263|| ||118,733|62,987|8,399||24,865|214,984|| ||336,912|324,441|51,764||161,781|874,898|705,815| ## ## ## ## ## ## ## ## ## ## ## ## ## |10.|Net income/(expenditure)||||||||| |---|---|---|---|---|---|---|---|---|---| ||Net income/(expenditure)|is stated||after|charging/(crediting):|||2021|2020| |||||||||F|| ||Amortisation
of intangible
Depreciation
oftangible|assets
fixed assets||||||3,866|1,392
5,172| ||Expenditure
includes
payments||under operating|||leases off31,533||(2020:230,573)|| |11.|Independent
examination
fees||||||||| |||||||||2021|2020| |||||||||f|F| ||Fees payable
to the independent
Independent
examination
ofthe
Other financial
services-statutory||examiner for:
financial statements
accounts|||||7„920
2,880|7,920| |||||||||10,800|7,920| |12.|Staff costs||||||||| ||The total staff costs and|employee||benefits for||the reporting|period|are analysed
as
2021|follows:
2020| ||||||||||E| ||Wages and salaries
Social security costs
Employer
contributions|to pension||plans||||545,421
38,168
24,039|454,308
36,027
22,370| |||||||||607,628|512,705| ||The average head count of employees||||during|the year is analysed||as follows:-
2021|2020| |||||||||No.|No.| ||Number
ofstaff—|||||||22|20| ## ## ## ## ## ## ## |Intangible
assets|| |---|---| ||Website| ||E| |Cost|| |At 1 April 2020
Additions|28,264
25,683| |At 31 March 2021|53,947| |Amortisation|| |At 1 April 2020|6,796| |Charge for the year|| |At 31 March 2021|6,796| |Carrying
amount
At 31 March 2021|47,151| |At 31 March 2020|21,468| ## |Tangible fixed assets||||| |---|---|---|---|---| ||Leasehold|Motor||| ||Improvement|Vehicles|Equipment|Total| ||E|E||| |Cost||||| |At 1 April 2020
Additions|15,000|15,000|33,510|48,510
15,000| |At 31 March 2021|15,000|15,000|33,510|63,510| |Depreciation
At 1 April 2020
Charge for the year||4,922
2,520|29,764
1,346|34,686
3,866| |At 31 March 2021||7,442|31,110|38,552| |Carrying
amount
At 31 March 2021|15000|7,558|2,400|24,958| |At 31 March 2020||10,078|3,746|13,824| ## ## |18.|Deferred income|| |---|---|---| |||2021| |||f| ||At 1 April 2020 previously
stated
Prior year adjustment
At 1"April 2020 as restated
Amount
released
to income
Amount
deferred
in year|70,248
(70,248)
0
(0)
63,275| ||At 31 March 2021|63,275| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Ye|a|r ended 31|March 2021|||| |---|---|---|---|---|---|---|---| |Restricted funds|As||||||| ||previously||||||| ||stated|||As restated|||| ||At 1 Apr
2020|Prior year
Adjustment||At
1 Apr 2020|Income
Expenditure||At 31 Mar
2021| ||E||E|E||E|| |Duchy of Lancaster|2,000|||2,000|||2,000| |Greater Manchester|||||||| |Probation
Trust
Lloyds Foundation
My Place To Yours|9,200
39,517||8,036|9,200
8,036
39,517|22,856|(21,832)|9,200
9,060
39,517| |Big Lottery —Help
Through
Crisis Fund
Big Lottery -Well being
Big Lottery -covid
GM Mayor charity covid
Comic Relief
Real Change
Nationwide
Building Society
Rochdale
MBC —DHP
RBC-PRS development
RBC-PRS pilot
RBC -engagement
worker
RBC-quids
in
RBC -Covid
Lloyds foundation
-covid
Fair Housing
Futures
ESF Community
Grant
Post Code
Housing
First|31,716
251
15,225
28,208||16,569
10,000
35,643|16,569
10,000
31,716
251
15,225
28,208
35,643|52,085
48,352
40,448
50,000
71,500
17,235
14,988
35,000
8,853
4007
5,500
13,968|(78,360)
(21,017)
(19,272)
(51,764)
(14,988)
(31,605)
(8,384)
(4007)
(5,500)
(12,290)|(9,706)
10,000
27,335
21,176
31,716
251
15,225
28,208
50,000
19,736
17,235
3,395
469
35,643
1,678| ||126,117||70,248|196,365|384,792|(269,019)|312,138| ## ## ## ## ## ## ## ## ## ## ## ## ## |Analysis
of net as|sets betw|een funds||||| |---|---|---|---|---|---|---| ||||Unrestricted||Restricted|Total Funds| |||||Funds|Funds|2021| |Intangible
assets
Tangible
fixed assets
Current assets
Creditors less than
1 year||||47,151
2,400
249,221
(25,174)|22,558
367,565
(77,985)|47,151
24,958
616,786
(103,159)| |Net assets||||273,598|312,138|585,736| ||||Restricted||Restricted|| |||Unrestricted|funds
as||Funds|As restated| |||Funds|previously
stated|Prior Year
amendment|restricted as
restated|Total Funds
2020| |||||E|F|F| |Intangible
assets
Tangible fixed assets
Current assets
Creditors less than
1 year||21,468
3,746
300,921
(21,252)|10,078
186,287
(70,248)|70,248|10,078
186,287
21,468
13,824
487,208
(21,252)|| |Net assets||304,883|126,117|70,248|196,365
501,248|| ## ## ## ## ## ## ## ## |effects the brought
forward
reserves
f70,248 to nil (note 18).|and the bro|ught
forward
deferre|d
income wa|s reduced
by| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Funds
f|Funds
f|2021
f| |Reserves at 1 Apr 2020 as originally
Prior year adjustment|stated|304,883|126,117
70,248|431,000
70,248| |Reserves Restated||304,883|196,365|501,248| ## ## ## |||||||2021f|2020
E| |---|---|---|---|---|---|---|---| |Income and endowments|||||||| |Donations
and legacies
Donations||||||275|615| |Charitable
activities|||||||| |Rochdale
Adult Care||||||74,507|75,940| |Bolton Metropolitan
Borough Council||||||50,000|50,000| |Rochdale
Metropolitan
Borough
Council
Rochdale
MBC - Help for Single Homeless
Lloyds||and|I|nnovation|Fund|70,000
32 223
22,856|70,000
32,223
31,851| |Lloyds Bank Foundation-Covid
19||||||8,853|| |Entrenched
Rough Sleepers SIB
Comic Relief|||||||40,852
4,010| |Big Lottery Fund - H.A.R.P. project
Big Lottery Fund-Well
Being
From My Place to Yours
L.A.A.S.L.O. Income||||||52,085
74,850|119,082
10,000
50,183
56,250| |Nationwide
Building Society Flexi Bond
PRS Leasing
Housing
First Accommodation
Housing
First Accommodation
Rent in Advance||||||71,500
1,125|35,225
71,500
42,936| |Housing
First Accommodation-small
Works Gran
Housing
First Accommodation-Engagement
Housing
First Accommodation-Property
Advisor
Housing
First Support
Fair Housing
Futures
Big Lottery Fund-Covid
19
GM Mayor's
Charity-
Covid 19||||||3,000
1,250
8,593
180,902
48,352
40,448|76,782
35,643| |PRS Development
Grant 25 Church
Rochdale
MBC Covid-19|Lane|||||50,000
35,000|| |ESF Community
Grant
Postcode Neighbourhood
Trust
Tesco Bags of Help||||||4,007
5,500
500|| |||||||835,551|802,477| |Investment
income|||||||| |Bank interest receivable||||||5,401|4,383| |Other income|||||||| |Letting out commissions
Landlord
refit income||||||64,976
8,893|50,365
3,152| |Letting out -rechargeable
repairs
Leasing Fees
Tenant rent in advance||||||28,084
10,756
1,339|| |Other income||||||4,111|5,696| |||||||118,159|59,213| |Total Income||||||959386|866 688| ## ## ## ## ||||||2021f|2020
F| |---|---|---|---|---|---|---| |Expenditure||||||| |Expenditure
on charitable||||activities||| |Wages and salaries|||||545,421|454,308| |Employer's
NIC|||||38,168|36,027| |Pension costs|||||24,039|22,370| |Recruitment
costs|||||2840|2,203| |Office Rental, Storage||inc Service charge|||37,768|37,219| |Postage|||||1,258|'I,395| |Printing
and marketing|||||128|2,416| |Repairs and renewals|||||4,076|7,967| |Insurance|||||4,738|3,701| |Subscriptions
and marketing|||||2,520|1,931| |Legal and professional||fees|||6,229|2,857| |Telephone|||||10,285|11,392| |Stationery
and office costs|||||3,290|3,130| |Depreciation|||||3,865|6,564| |Computer
software|and|maintenance|||13,936|11,067| |Travel and subsistence|||||8,676|14,489| |Training|||||7,281|3,682| |Bank charges
Accountancy|||||2,162
13,182|281
10,516| |Client consultation|||||1,201|4,209| |Claiming
against bonds|||||8,591|11,560| |Room hire|||||6|378| |Trustee costs|||||68|398| |Independence
fund||||||281| |Letting out|||||55,369|27,062| |H.A.R.P.||||||| |Homelessness
Prevention|||Pot|||431| |Entrenched
Rough|Sleepers|||S.I.B.|216|8,471| |Comic Relief Sustainability||||Fund||6,400| |Bond Stimulus
Fund||||||1,150| |PRS Leasing|||||7,471|1,879| |Nationwide
Flexi Bond|||||1,000|450| |Housing
First Accommodation|||||12,062|9,647| |Fair Housing
futures|||||95|| |Tenant
rent
in advance||||||| |RMBC Covid 19|||||31,825|| |RMBC E/P small works||fund|||23,125|| |RMBC EP incentive||||||| |WEA returned|||||4,007|| ||||||874,898|705,831| |Total expenditure|||||874,898|705,831| |Net income|||||84,488|160,857|