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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative
Details||||||
|Trustees Annual
Report (incorporating|the Directors'||report)|||
|Independent
Auditors
Report|||||12|
|Statement of Financial Activities (incorporating||Income and Expenditure||Account)|16|
|Statement of Financial Position|||||17|
|Statement ofCash Flow|||||18|
|Notes to the Financial Statements|||||19|
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|Registered|Registered|Company|Company|Name|Name|The Bond Board Limited|The Bond Board Limited|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered||Company||Number||The Bond Board is a company|||limited||by guarantee,
number|||||
|(England|&Wales)|||||02807564 (not having a share|||capital).|||||||
|Registered||Charity Number||||The company
is a Registered|||Charity,||number||1040176|and its||
|||||||Memorandum
ofArticles||ofAssociation|||govern||its functions.|||
|||||||Every member ofthe company||||undertakes||to contribute||to the||
|||||||assets ifthe company|is|wound||up while he/she|||is a member,||or|
|||||||within one year ofceasing to be||||a member,||such amount||as may be||
|||||||required
not exceeding|E1.|||||||||
|Principal|and Registered||||Office|The Bond Board Limited||||||||||
|||||||209-211 Bury Road||||||||||
|||||||Rochdale||||||||||
|||||||Lancashire||||||||||
|||||||OL11 4EE||||||||||
|Trustees||||||EDraper (Chair)||||||||||
|||||||S McCarthy||||||||||
|||||||KEThomas (resigned|17/10/23)|||||||||
|||||||M Rollinson
(appointed|07/09/22)|||||||||
|||||||A Underdown
(appointed||07/09/22)||||||||
|||||||TFisher (appointed
22/02/23)||||||||||
|||||||A BHoward
(resigned|30/11/22)|||||||||
|Company||Secretary||||A Beeput (Chief Executive)||||||||||
|Accountants||||||MHA Moore and Smalley||LLP||||||||
|||||||Richard House||||||||||
|||||||Winckley Square||||||||||
|||||||Preston||||||||||
|||||||PR1 3HP||||||||||
|Auditors||||||Barlow Andrews
LLP||||||||||
|||||||78 Chorley
New Road||||||||||
|||||||Bolton||||||||||
|||||||BL14BY||||||||||
|Senior Statutory|||Auditor|||A Comes FCA||||||||||
|Bankers||||||The Co-operative
Bank||||||||||
|||||||19Knowsley Street||||||||||
|||||||Bolton||||||||||
|||||||Lancashire||||||||||
|||||||BL12AS||||||||||
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||||||||As restated|
|---|---|---|---|---|---|---|---|
|||Note|Unrestricted|Designated|Restricted|Total|Total|
||||funds|funds|funds|2023|2022|
||||F||E|F|F|
|Income from||||||||
|Donations
and legacies|||349||500|849|1,167|
|Charitable
activities|||120,000||949,012|1,069,012|1,293,205|
|Other trading
activities|||116,449|||116,449|65,318|
|Investment
income|||7,032|||7,032|3,331|
|Other income|||7,361||16,769|24,130|11,940|
|Total income|||251,191||966,281|1,217,472|1,374,961|
|Expenditure
on||||||||
|Charitable
activities|||333,764||1,017,322|1,351,086|1,032,803|
|Total expenditure|||333,764||1,017,322|1,351,086|1,032,803|
|Net income /(expenditure)|||(82,573)||(51,041)|(133,614)|342,158|
|Transfers
between|funds|18|(18,464)||'I8,464|||
|Net movement
in funds|||(101,037)||(32,577)|(133,614)|342,158|
|Funds brought
forward||18|190,119|300,000|556,883|1,047,002|704,844|
|Funds carried forward||18|89,082|300,000|524,306|913,388|1,047,002|
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|||||||||As restated|
|---|---|---|---|---|---|---|---|---|
||||Note|Unrestricted|Designated|Restricted|Total|Total|
|||||funds|funds|funds|2023|2022|
|||||F|F|F||F|
|Fixed Assets|||||||||
|Intangible
assets|||11|40,134||27,205|67,339|33,161|
|Tangible assets|||12|2,821|||2,821|1,369|
|||||42,955||27,205|70,160|34,530|
|Current assets|||||||||
|Debtors|||13|81,848||278,871|360,719|325,118|
|Cash at bank and|in|hand||(3,695)|300,000|352,312|648,617|789,610|
|||||78,153|300,000|631,183|1,009,336|1,114,728|
|Creditors: amounts||falling|||||||
|due within one year|||14|(32,026)||(134,082)|(166,108)|(102,256)|
|Net current assets||||46,127|300,000|497,101|843,228|1,012,472|
|Net assets &funds|||18|89,082|300,000|524,306|913,388|1,047,002|
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||||||As restated|
|---|---|---|---|---|---|
|||||2023|2022|
|Cash flows from operating||activities:||||
|Net income/(expenditure)
for||year||(133,614)|342,158|
|Investment
income||||(7,032)|(3,331)|
|Amortisation
of intangible
fixed assets||||9,243|9,589|
|Depreciation
oftangible
fixed||assets||1,764|1,032|
|(Profit)/loss
on disposal oftangible
fixed assets|||||(8,580)|
|(Increase)/decrease
in debtors||||(35,601)|(109,895)|
|Increase/(decrease)
in creditors||||63,852|3,835|
|Net cash provided
by (used||in) operating|activities|(101,388)|234,808|
|Cash flows from investing|activities:|||||
|Income from investments||||7,032|3,331|
|Payments
to acquire intangible
fixed assets||||(43,421)|(4,840)|
|Payments
to acquire tangible||fixed assets||(3,216)||
|Receipts from sale oftangible||fixed assets|||16,137|
|Net cash flow from investing||activities||(39,605)|14,628|
|Increase/(decrease)
in cash||and cash equivalents||(140,993)|249,436|
|Cash and cash equivalents||brought forward||789,610|540,174|
|Cash and cash equivalents||carried forward||648,617|789,610|
|Cash and cash equivalents||consist of:||||
|Cash at bank and
in hand||||648,617|789,610|
|||||648,617|789,610|
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|ncome|from|oth|er trading
activiti|es|||||
|---|---|---|---|---|---|---|---|---|
||||||||As|restated|
|||||Unrestricted|Restricted|Total||Total|
|||||funds|funds|2023||2022|
|||||F|F|F||F|
|Agent|Income|8|Commissions|116,449||116,449||65,318|
|||||116,449||116,449||65,318|
|ncom|e from|investments|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2023|2022|
|||||||f.|
|Bank|Interest|Receivable|7,032||7,032|3,331|
||||7,032||7,032|3,331|
|Other|income||||||
|---|---|---|---|---|---|---|
||||||As|restated|
|||Unrestricted|Restricted|Total||Total|
|||funds|funds|2023||2022|
|||E|||||
|Other|Income|7,361|16,769|24,130||11,940|
|||7,361|16,769|24,130||11,940|
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|xpenditure
on cha|ritable
activities|||
|---|---|---|---|
||||As restated|
|||Total|Total|
|||2023|2022|
|Direct||||
|Supplies 8 Services
Staff training
&support
Staff Wages
Recruitment||324,526
7,534
718,443
7,335|159,829
4,453
603,315
72|
|Travel 8 Subsistence||17,037|11,443|
|Legal &professional||12,615|14,263|
|Telecommunication|&IT|20,012|24,264|
|||1,107,502|817,639|
|Support
Premises costs||49,385|46,502|
|General
Office costs||3,967|4,641|
|Admin Staff Wages
Telecommunication|&IT|144,225
5,629|126,372
7,298|
|Legal 8 professional
Amortisation/Depreciation||19,907
11,006|3,660
10,621|
|Auditor Fees||9,000|15,900|
|Governance||465|170|
|||243„584|215,164|
|Totals||1,351,086|1,032,803|
##
|Total expe|nditure
|categorised|by type ofcharitable
acti|vities||
|---|---|---|---|---|---|
|||||2023|2022|
|Charitable
activity
Access to Housing
&Homeless
Supporting
Tenants to Sustain a
Ethical Letting —Trade/Other
Improving
Property Standards|||Protection
Tenancy|240,190
607,601
351,194
152,101|308,624
469,744
216,935
37,500|
|||||1,351,086|1,032,803|
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|8|Net income/(expenditure)|for|the year|||
|---|---|---|---|---|---|
|||||2023|2022|
||Net income/(expenditure)|is|stated after charging/(crediting):||E|
||Operating
lease charges|||20,613||
||Amortisation
of intangible|assets||9,243|9,589|
||Depreciation
oftangible fixed||assets|1,764|1,031|
||(Profit)/loss
on sale oftangible||fixed assets||(8,580)|
||Fees payable to the charity's||auditor:|||
||Audit ofthe charity's
annual accounts|||9,000|10,000|
||Other services —statutory|accounts|||5,900|
|||||9,000|15,900|
|9|Staff costs|||||
|||||2023|2022|
|||||f.||
||Wages and salaries|||770,951|648,738|
||Social security costs|||62,661|54,297|
||Pension costs|||29,056|26,652|
|||||862,668|729,687|
|The ave|rage head count ofemployees
during the|year is analysed
as follows:||
|---|---|---|---|
|||2023|2022|
|||No.|No.|
|Number|ofstaff|28|25|
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|11|Intangible assets||||
|---|---|---|---|---|
|||||Website|
||Cost||||
||Brought forward|||58,787|
||Additions|||43,421|
||At 31 March 2023|||102,208|
||Amortisation||||
||Brought forward|||25,626|
||Charge for year|||9,243|
||At 31 March 2023|||34,869|
||Net book value||||
||At 31 March 2023|||67,339|
||At 31 March 2022|||33,161|
|12|Tangible fixed assets||||
|||Fixtures,||Totals|
|||Furniture|&||
|||Equipment|||
||Cost||||
||Brought forward|33,510||33,510|
||Additions|3,216||3,216|
||At 31 March 2023|36,726||36,726|
||Depreciation||||
||Brought forward|32,141||32,141|
||Charge for year|1,764||1,764|
||At 31 March 2023|33,905||33,905|
||Net book value||||
||At 31 March 2023|2,821||2,821|
||At 31 March 2022|1,369||1,369|
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||||||As|
|---|---|---|---|---|---|
||||||restated|
|||||2023|2022|
||||||f|
|Brought|forward||||43,275|
|Amount|released|to|income||(43,275)|
|Amount|deferred|in|year|20,458||
|||||20,458||
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|unds|||||||
|---|---|---|---|---|---|---|
||As restated|Income|Expenditure|Transfers|Gains I|Balance at|
||Balance at 1||||Losses|31 March|
||April 2022|||||2023|
||||6|E||E|
|Unrestricted
funds|190,119|251,191|(333,764)|(18,464)||89,082|
|Designated
funds|300,000|||||300,000|
||490,119|251,191|(333,764)|(18,464)||389,082|
|Restricted funds|||||||
|Greater Manchester
Probation
Trust|9,200|||||9,200|
|Tenancy Advocacy|34,312||(29,357)|||4,955|
|Comic Relief|12,886|||||12,886|
|Real Change|251|||||251|
|Nationwide
Building Society|15,225||(3,350)|||11,875|
|Duchy ofLancaster|2,000|4,000|(2,844)|||3,156|
|Arnold
Clark Community
Fund (Quids-In Exps)||1,000|(850)|||150|
|Action Together - Sport
England - Move More||4,818|(1,637)|||31181|
|Action Together - Winter
Food Fund||4,152|(1,914)|||2,238|
|Action Together - Food
Transition
Grant||300|(300)||||
|Action Together - Winter
Warm Packs||499|(333)|||166|
|RBC - Changing
Futures|95,252|35,653|(65,503)|||65,402|
|Manchester
Guardian
Society Charitable
Trust||1,000||||1,000|
|Asda - Cost of Living Grant||1,000||||1,000|
|Tesco Community
Fund||500|(500)||||
|The Henry Smith Charity|103,300||(36,271)|||67,029|
|Leather sellers (Volunteer
Jubilee Fund)||12,500|(12,500)||||
|Housing
First||232,884|(251,348)|18,464|||
|Ex Offenders|85,790|27,000|(66,441)|||46,349|
|Early Break||1,702|(1,571)|||131|
|RTOF||156,764|(81,045)|||75,719|
|Rough Sleepers (Capital)|146,997|187,846|(152,101)|||182&742|
|Rough Sleepers (Revenue)||40,333|(40,333)||||
|RBC - Innovation
fund-
Financial
Inclusion||16,953|(14,821)|||2,132|
|RBC - Other||9,569||||9,569|
|RBC - Innovation
fund-
Quids-In||15,547|(15,547)||||
|RBC - Complex Needs|43,275||(41,841)|||1I434|
|RBC - PRS development|5,000|120,000|(120,000)|||5,000|
|RBC-Adult Care||75,037|(75,037)||||
|RBC - Covid|3,395||(1,878)|||1)517|
|Postcode lottery||17,224||||17,224|
||556,883|966,281|(1,017,322)|18,464||524,306|
||1,047,002|1)2171472|(1,351,086)|||913,388|
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|rior year fund|s analys|is —As restated||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Balance at 1|Income|Expenditure||Transfers||Gains I|Balance at|
|||April 2021||||||Losses|31 March|
||||E||||f||2022|
|Unrestricted
funds||64,666|302,676|(184,948)||7,725|||190,119|
|Designated
funds||300,000|||||||300,000|
|||364,666|302,676|(184,948)||7,725|||490,119|
|Restricted funds||||||||||
|Greater Manchester
Probation Trust||9,200|||||||9,200|
|Tenancy Advocacy||38,411|74,047||(78,146)||||34,312|
|Comic Relief||22,475|||(9,589)||||12,886|
|Real Change||251|||||||251|
|Nationwide
Building Society||15,225|||||||15,225|
|Big Lottery Fund||27,335|||(27,335)|||||
|Duchy of Lancaster||2,000|||||||2,000|
|Fair Housing
Futures||60,350|||(60,350)|||||
|Henry Smith|||103,300||||||103,300|
|Housing
First|||210,493|(211,348)|||855|||
|Ex Offenders|||101,300||(15,510)||||85,790|
|Rough Sleepers (Capital)|||172,000||(25,003)||||146,997|
|Rough Sleepers (Revenue)|||40,333||(40,333)|||||
|RBC —Changing|futures||112,500||(17,248)||||95,252|
|RBC - Complex Needs|||88,603||(45,328)||||43,275|
|RBC - PRS development||35,000|71,500|(101,500)|||||5,000|
|RBC —Adult care|||74,351||(74,351)|||||
|RBC - Covid||3,395|||||||3,395|
|Lloyds Foundation||9,060|||(9,060)|||||
|National
Lottery -|Help|107,007|8,580|(107,007)||(8,580)||||
|Through
Crisis||||||||||
|Innovation
Fund||10,000|15,278||(25,278)|||||
|Lloyds foundation|- Covid|469|||(469)|||||
|||340,178|1,072,285|(847,855)||(7,725)|||556,883|
|||704,844|1,374,961|(1,032,803)|||||1,047,002|
|Net Assets analysed||as:|As restated
Unrestricted||As restated
Designated|||As restated
Restricted|As restated
Total|
|||||funds||funds||funds|2022|
|Intangible
assets
Tangible fixed assets
Current assets|||20,823
1,369
201,707||300,000|||12,338
613,021|33,161
1,369
1,114,728|
|Current
liabilities|||(33,780)|||||(68,476)|(102,256)|
||||190,119||300,000|||556,883|1,047,002|
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||||Land &|Other|Total|Total|
|---|---|---|---|---|---|---|
||||Buildings||2023|2022|
|Within||one year|30,920||30,920||
|Within||two to five years|83,946||83,946||
|Over|5|years|||||
||||114,866||114,866||
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|mounts|restated
in for th|e comparatives
are de|tailed
below:|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|2022|
|||||6|6|
|Total Income|||193,176|1,047,809|1,240,985|
|Charitable|Income analysis
restated||93,500|(93,500)||
|Charitable|income carried back|to 2021||(117,165)|(117,165)|
|Charitable|Income accrued||16,000|193,300|209,300|
|Total Income restated|||302,676|1,030,444|1,333I120|
|Total Expenditure|||233,013|799,790|1,032,803|
|Charitable|Expenditure
analysis|restated|(48,065)|48,065||
|Total Expenditure
restated|||184948|847&855|1,032,803|
|Funds
b/fwd
at 1Apdl 2021|||218,412|289,267|507,679|
|Income &|Expenditure
restated|in 2021|146,254|50,911|197,165|
|Funds
b/fwd restated at 1 April||2021|364,666|340,178|704,844|
|Movement|in funds
in 2022||(31,257)|239,439|208,182|
|Charitable|income carried back|to 2021||(117,165)|(117,165)|
|Income &|Expenditure
restated|in 2022|47,210|(47,210)||
|Charitable|Income analysis
restated||93,500|(93,500)||
|Charitable|Income accrued
in 2022||16,000|235,141|251,141|
|Funds c/fwd restated at 31 March 2022|||490,119|556,833|1,047,002|
|Net Assets|at 31 March 2022||||715,861|
|Income accrued back to 2021|||||80,000|
|Reduction|in deferred income||||41,841|
|Increased|in accrued income restated||||209,300|
|Net Assets|at 31 March 2022 as restated||||1,047,002|