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← Buryild

2025-03-31-accounts

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Company registration number: 02970299 Charity registration number: 1042250

BURYILD (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2025

Horsfield & Smith Chartered Accountants & Statutory Auditor Tower House 269 Walmersley Road

Lancashire BLO 6NX

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BURYILD

CONTENTS

Reference and Administrative Details 1
Strategic Report 2to7
Trustees’ Report 8to12
Statement ofTrustees’ Responsibilities 13
Independent Auditors’ Report 14to 18
Statement of Financial Activities 19to 20
Balance Sheet 21
Statement of Cash Flows 22
NotestotheFinancialStatements 23to38

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BURYILD

BURYILD BURYILD
REFERENCEANDADMINISTRATIVE DETAILS
Chair HBroadbent, Chair
Trustees H Broadbent, Chair
P Saxton, Vice-Chair
AM Fleming
E Sidley
Clones
SeniorManagementTeam M Piper-Cotterill,CEO
Registered Office Unit 17
Bury Business Centre
KayStreet
Bury
BLS6BU
The charity is incorporated in England and Wales.
Company Registration Number 02970299
Charity Registration Number 1042250
Bankers Santander
Bootle
Merseyside
England
L304GB
Auditor Horsfield &Smith
Chartered Accountants & StatutoryAuditor
TowerHouse
269 Walmersley Road
Bury
Lancashire
BLO6NX

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BURYILD STRATEGIC REPORT YEAR ENDED 31 MARCH 2025

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The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2025, in compliance with s414C of the Companies Act 2006.

Achievements and performance

Supporting People, Sustaining Values

As we enter our 31st year, Bury Independent Living & Development (BuryiLD) continues to uphold its commitment to providing safe, independent homes complemented by high-quality, person-centred care. Our dedicated team supports over 20 individuals, many of whom have been with us for several years-reflecting both the quality of our provision and the strength of the relationships we build.

As the people we support grow older, their needs change. Our services must therefore adapt, evolve, and innovate to ensure we continue meeting their needs with dignity, respect, and the highest possible standards of care.

Maintaining full capacity in our supported homes remains a key financial objective for BuryiLD. However, our person-first approach ensures that this priority is balanced with the careful and considered matching of individuals living in shared homes. We believe that a harmonious living environment is fundamental to wellbeing. Where this process takes time, we allow for it-recognising that long-term compatibility outweighs short-term occupancy gains.

To support this approach, we maintain a robust contingency budget for void periods. This enables the team to carry out thoughtful and thorough assessments of prospective new tenants, ensuring the best possible match for everyone involved.

This year, we assumed responsibility for the care and support of two individuals residing in a property owned by Mosscare St Vincent's (MSV), a new housing provider for us to commence a relationship with. Although the handover was implemented at pace, the transition was conducted with great care and professionalism by our team. The family of one of the individuals expressed deep appreciation for the skill and compassion demonstrated throughout the process, noting a marked improvement in the quality of care since BurylLD’s involvement. We plan to highlight this achievement on our website and in forthcoming newsletters, with the aim of raising our profile among commissioners and promoting our capability to manage future emergency care transfers.

Property and Strategic Development

Our property portfolio remains unchanged since 2024, However, we are actively engaged with Golden Lane Housing to plan a substantial refurbishment of our Thatch Leach Lane property. This project will involve a significant financial outlay, with Golden Lane contributing to the costs and discussions underway regarding potential grant funding to offset fu rther expenditure.

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BURYILD STRATEGIC REPORT YEAR ENDED 31 MARCH 2025

During the renovation, the two residents will be temporarily rehoused-a cost that Golden Lane has agreed to bear. In parallel, we have engaged a specialist to help identify and secure relevant grant opportunities. This initiative is part of a wider strategic objective to test our ability to attract modest funding streams, with a longer-term view of applying for a capital grant to support our evolving “hub” concept.

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While still in early development, the hub vision could include a multifunctional space that brings together office operations, activity provision, and supported accommodation. We look forward to consulting further with stakeholders as this concept takes shape.

Sustaining Contact and Our Community Focus

Following a consultation on the future of Contact, our programme offering social engagement for supported people, we are pleased to confirm that supported people, families, and friends unanimously supported the continuation of its core principles. The Board has endorsed this position, and we are now exploring funding options to sustain and enhance Contact, making it both impactful and cost-effective.

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We have made progress in growing the BurylLD membership base and will continue to use the Family Forum as a vital channel for feedback, engagement, and co-development of future services. Our commitment to partnership working ensures that we remain aligned with the values and aspirations of the people we support and their loved ones.

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Workforce, Leadership and Governance

We are proud to report that the health and morale of our workforce remain high. Staff have told us they feel valued, supported, and settled. BuryiLD pays above the Real Living Wage, and we are delighted to have been shortlisted for a Real Living Wage Champion Award-recognising our commitment to fair and ethical employment practices.

Recruitment efforts through BuryFlex have yielded strong results, with several experienced new team members joining us, including a welcome increase in male support workers, contributing to a more balanced workforce.

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BURYILD

STRATEGIC REPORT YEAR ENDED 31 MARCH 2025

CEOe At the heart of this success is a strong and stable leadership team, whose depth of experience and strategic insight continue to drive BurylLD forward. Our Chief Executive Officer plays a pivotal role, not only in overseeing day-to-day operations but also in championing the values, culture and long-term vision of the organisation. Under this leadership, BurylLD has continued to navigate sector challenges with confidence, compassion and creativity. This contribution has included securing successful transitions of care, strengthening external relationships with commissioners, and leading innovation in service delivery. Investment in leadership development has been a priority, ensuring the senior team are equipped to respond to a changing landscape while remaining anchored in our founding principles.

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BURYILD STRATEGIC REPORT YEAR ENDED 31 MARCH 2025

We have also launched a regular newsletter, which is shared externally and is steadily building engagement with families, commissioners, and wider stakeholders.

At Board level, we continue to strengthen our governance with the appointment of new trustees bringing valuable skills and insights. We are confident that with a strong executive and trustee leadership team, BurylLD is well positioned to deliver its mission into the future. Our continued focus on integrity, independence and inclusion ensures that the people we support remain at the heart of everything we do.

Financial review

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Policy on reserves

It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity. Such reserves are to provide sufficient funds to protect its current activities, to ensure that it continues to operate on a sound basis and allows it to react to any changes in funding in an appropriate manner.

The Board has set the long-term target of maintaining a reserves fund which represents a sum equal to the sum of (1) the amount of outstanding liabilities under the rental of our premises and other contracts and (2) at least six months of annual operating costs.

Historically our total reserves had completely covered these objectives and even our liquid assets covered both objectives. Since 1st September 2020 it was agreed to amend item 2) to be that we would hold at least 3 of the 6 months in liquid reserves so that excess cash above this could be used to invest in even more meaningful assets in terms of improving the lives of the people we su pport.

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The 3 months liquid reserves should be to cover 13 weeks of expenditure in the following Financial Year.

These reserves will enable Bury!LD to deal with other challenges such as staffing shortages, withdrawal of funding or sudden major service changes that require financial interventions. The Trustees decided not only to hold the sums in excess of those recommended by the Charity Commission, but to also include the listed ‘contingencies’ in the Risk Register against which steps to mitigate have been agreed.

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In addition, where circumstances allow, additional reserves will be built to enable future investments in activities that help to secure the long-term future of the charity by acquiring another home. Reserves beyond the 13 week amount may be used to pare down our mortgage. This will be determined on a quarterly review and take into account our income from leases on our owned homes. Reserves will also enable us to develop additional services that respond to the person-centred demands of the people - and potential people - we support.

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BURYILD STRATEGIC REPORT YEAR ENDED 31 MARCH 2025 ee

The reserves at the end of the year comprised £1,358,599 of unrestricted funds and £1,492 of restricted funds.

Of the unrestricted funds carried forward, £388,724 is identified as liquid reserves, plus fixed assets of £969,875 to meet the objectives. The liquid reserves are currently equivalent to thirteen weeks of 2024-25 operating costs.

Principal funding sources

The principle funding sources for BurylLD support services are from contracts for each Supported individual with Bury Council.

For the Contact services, funding is obtained from members' fees, grants, individual budgets and income from our assets. This covers sessional worker and volunteer expenses and other running costs. It should be noted that members pay the full cost of all activities they attend, and volunteers submit claims for expenses.

investment policy and objectives

Under the Articles of Association, the charity has the power to invest in any way the trustees wish. The trustees, having regard to the liquidity requirements of the charity and to the reserves policy, have operated a policy of keeping available funds in several interest-bearing deposit accounts attracting competitive rates of interest but at minimum risk to those funds and staying within Government guaranteed limits for saving. Investments are also spread across different withdrawal terms.

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BURYILD TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Trustees:|H|Broadbent,|Chair| |P|Saxton,|Vice-Chair| |S|LSykes|(resigned|29|December|2024)| |AM|Fleming| |||Lambert (resigned|27 January 2025)| |E Sidley| |A|L|Southern|(appointed|25|July|2024|and|resigned|21|October| |2024)| |C Jones|{appointed|25 July|2024)|

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Objectives and activities

Objects and aims

BuryILD is a family-focused, not-for-profit organisation, which aims to provide supported living for people with learning disabilities in the Metropolitan Borough of Bury and its environs. It was set up by a steering group of parents in March 1994, and was incorporated as a company limited by guarantee on 12 September 1994, with active support from the local authority.

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The formal objective of BurylLD includes the arrangement and provision of care, education, recreation, employment and other useful activities for the benefit of people with learning disabilities, in the Metropolitan Borough of Bury and its environs.

In January 2013, the charity formerly known as Contact Community Care, based in Bury, merged with Bury!LD. Thus the charity now also encompasses, through its Contact Leisure Division (CLD), the provision of leisure activities on a fortnighly basis to a wider group of adults with learning difficulties which can include people supported in their homes by BurylLD.

The merger enabled BurylILD to meet an ambition to develop leisure services as the people we support had regularly put the provision of extra leisure opportunities at the top of their list of how we could further add to their lives.

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BURYILD .

STRATEGIC REPORT YEAR ENDED 31 MARCH 2025

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Plans for future periods

As always, the key to the future financial health of the organisation in the continuing tightness of Council funds is to increase the number of service recipients and/or hours served for current recipients without detracting from the quality of support that is our unique philosophy or adding significantly to our management overhead. We do not seek to grow for the sake of it, but only to serve others who wish to benefit from our distinct support methods and to protect current service users by ensuring our support framework has long-term stability as inflation and new ideas and requirements drive up costs. New services give us a small addition to overhead contribution which helps us to protect these important ideals. Most importantly the key ambition is always to maintain sufficient services so that we can afford the management structures that give everyone the best possible outcomes.

We shall continue to consider applying for external charitable funds for specific projects/training where we want to enhance the service we give.

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The strategic report was approved by the trustees of the charity on 2Sf (25. and signed on its
behalf by: LO
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Chair
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BURYILD

TRUSTEES’ REPORT

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It also enables families and members of Contact leisure to understand the benefits of moving into independent supported living, at some stage, should they wish, as it can help families as an informal advocate through experience for independent living - by any agency - to understand the process within the Borough for their family member, possibly being able to live independently.

BuryiLD is committed to the development and maintenance of high-quality support to adults with learning disabilities, which will enable them to live independently and enjoy fulfilled lives of their choosing. BurylLD supports people regardless of their degree of learning disability. It develops several patterns of support according to the wishes, strengths and needs of each individual. These individuals mainiy live as tenants in their own houses, either on their own or shared with others. Some people may also be supported whilst living in the family home, prior to moving on to be a tenant in their own accommodation.

BurylLD encourages family members to remain regularly involved in the lives of their son/daughter or relative and be part of ongoing support planning alongside paid staff.

in addition to families, people with an interest in helping the charity achieve its objectives can become members of the organisation.

The Trustees believe that the implementation of the above satisfies the Charity Commission's general guidance on Public Benefit.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

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BURYILD TRUSTEES’ REPORT

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Structure, governance and management

Nature of governing document

BuryiILD is a charitable company, registered in England and Wales, governed by its trust deed and by its memorandum and articles of association. Day-to day decisions are taken by the CEO and Administrative and Service Managers. More significant policy and strategic decisions are taken by Trustees in liaison with the CEO.

Though ultimately governed by the Board of Trustees, supported individuals, their families and staff continue to be involved in the running of the charity through participation in the supported persons group, family forum and staff forums. Issues raised in the groups are notified to the trustees. In addition, family members are included in all of the sub-committees.

The organisation is owned by its members, the Trustees oversee the management of the company on behalf of its members.

Our charity is subject to external inspection from the Care Quality Commission (CQC) and Bury Council Quality Assurance department. The most recent report from CQC inspection found BuryiLD to be GOOD in all five inspection domains. Whilst Bury Council does not use a rating system, the most recent inspection included positive comments regarding the organisation.

Recruitment and appointment of trustees

Trustees are appointed following a robust recruitment policy. This includes initial interviews, observing two Executive (Board) meetings, obtaining two independent references, then after agreement elected to the Board and ratified at AGM and an enhanced DBS check. BurylLD actively seeks trustees who can offer specific and valuable skills to our charity, to enhance our ability to govern well and drive forward the objectives of BurylLD. The Board regularly updates, with the trustee administrator, a Trustee Skills Matrix, to highlight any gaps in expertise. Future recru itment of trustees then seeks to cover those gaps as a priority. The most recent analysis showed that our Board has at least one trustee scoring highly in every parameter of the matrix, which shows a Board with a broad range of relevant skills and experience.

Induction and training of trustees

There is an induction process for new trustees. The induction includes meetings with some of the people that we support, managers and the Chair to give background on how we operate as well as our organisation's history, principles and ethos.

All of our trustees give their time and expertise voluntarily and we are fortunate to have on the Board people from the fields of Business, HR, Accountancy, Housing, Law, a family Liaison, and a health and disability care professional. The latter two providing valuable insights into wider disability issues, in addition to those directly affecting BuryiLD. As a result, we are constantly looking for opportunities to appoint new Family Members/Friends to the Board.

Decision making

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BURYILD TRUSTEES' REPORT Saar ee The CEO creates an Annual Strategy, that provides challenging objectives to ensure that BurylLD continues to improve and develop, which is then agreed with the trustees. This plan is broadly across (a) Support/Service/Governance/Quality; and

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(b) Commercial/Organisational/Management/Community.

The Trustees are also responsible for agreeing the budget for the forthcoming year once it has been drafted by the CEO and Financial Manager with input from the Treasurer, The Budget and finances are reviewed 4 times a year between the Finance & Housing Sub-Committee. The Treasurer presents a quarterly Finance Report to the Board. There are at least eight Board Meetings each year.

Sub-committees are formed to focus on specific issues identified by the Trustees or CEO. During the reported year 2 sub-committees operated, all of them include representation from management and the trustees, The sub-committees are chaired formally by a Trustee and then information is fed back at Board Meetings. They are formed to maximise the potential knowledge across the whole organisation and to ease the workload on some Officers. The following sub-committees were in existence during this year-

  1. Quality and Governance Sub-Committee {including Contact) - to keep appraised of cac, Charity Commission and Council/Government issues and monitor safeguarding, audits and other trends in best practice. 2. Finance and Housing Sub-Committee - review financial performance and strategy and monitor our housing stock, both owned by us and leased by tenants from housing associations including those we have management agreements with.

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Major risks and management of those risks

The identification of risk is the responsibility of everyone at BuryiLD. The Trustees have conducted a review of the major and potentially catastrophic risks to which the charity may he exposed, having regard to the 5-section Charity Commission guidance. A risk register has been established. There is a program of review by Trustees and the CEO, section by section, throughout the year. Where appropriate, systems or procedures have been established to mitigate any risks that the charity may face.

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Financial instruments

Objectives and policies

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The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in interest rates, Interest bearing assets are held to ensure certainty of cash flows.

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TRUSTEES' REPORT

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Credit risk

The charity’s principal financial assets are bank balances, trade and other receivables, and investments.

The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of short-term investments and deposits which are reviewed on a regular basis.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charity on AINL ZS. and signed on its “hhH Broadipent Ip Chair

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STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of BurylLD for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website, Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Approved by the trustees of the charity on .4¢4.11/.5.2 and signed on its behalf by:

HIn Chair

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BURYILD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURYILD

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Opinion

We have audited the financial statements of BuryiLD (the ‘charity’) for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).

in our opinion the financial statements:

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 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.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURYILD

Conclusions relating to going concern

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

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

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

Other information

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

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.

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We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

in the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Trustees’ Report.

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BURYILD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURYILD

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities (set out on page 13), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as 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 alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURYILD

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

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Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining and understanding of how fraud may occur, by:

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURYILD

Use of our report

This report is made solely to the charitable company trustees 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 trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

P G Nicol FCA (Senior Statutory Auditor) For and on behalf of Horsfield & Smith, Statutory Auditor

Tower House 269 Walmersley Road Bury Lancashire BLO 6NX

pate: 8. Novuchy Jory

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STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025

(INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)

Unrestricted Restricted Total
funds funds 2025
Note £ £ £
Incomeand Endowmentsfrom:
Donations and legacies 3 1,636,809 ~ 1,636,809
Investment income 4 9,017 - 9,017
Otherincome 5 73,628 - 73,628
Total income 1,719,454 - 1,719,454
Expenditure on:
Charitable activities 6 (1,563,002) - (1,563,002)
Total expenditure (1,563,002) - (1,563,002)
Net income 156,452 - 156,452
Net movement in funds 156,452 - 156,452
Reconciliation offunds
Total funds brought forward 1,202,147 1,492 1,203,639
Totalfundscarriedforward 20 1,358,599 1,492 1,360,091

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BURYILD

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025

(INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)

(INCLUDING INCOME ANDAND EXPENDITURE ACCOUNT
AND STATEMENT OF TOTALSTATEMENT OF TOTALOF TOTALTOTAL RECOGNISED GAINS ANDAND LOSSES)		 (INCLUDING INCOME ANDAND EXPENDITURE ACCOUNT
AND STATEMENT OF TOTALSTATEMENT OF TOTALOF TOTALTOTAL RECOGNISED GAINS ANDAND LOSSES)		 (INCLUDING INCOME ANDAND EXPENDITURE ACCOUNT
AND STATEMENT OF TOTALSTATEMENT OF TOTALOF TOTALTOTAL RECOGNISED GAINS ANDAND LOSSES)		 (INCLUDING INCOME ANDAND EXPENDITURE ACCOUNT
AND STATEMENT OF TOTALSTATEMENT OF TOTALOF TOTALTOTAL RECOGNISED GAINS ANDAND LOSSES)		 (INCLUDING INCOME ANDAND EXPENDITURE ACCOUNT
AND STATEMENT OF TOTALSTATEMENT OF TOTALOF TOTALTOTAL RECOGNISED GAINS ANDAND LOSSES)
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Unrestricted Restricted Total
funds funds 2024
Note £ £ £
Income and Endowments from:
Donationsand legacies 3 1,540,321 ~ 1,540,321
investment income 4 3,816 - 3,816
Other income 5 68,378 - 68,378
Total income 1,612,515 - 1,612,515
Expenditure on:
Charitable activities 6 (1,426,450) - (1,426,450)
Total expenditure (1,426,450) - (1,426,450)
Net income 186,065 - 186,065
Net movement in funds 186,065 - 186,065
Reconciliation offunds
Totalfunds broughtforward 1,016,082 1,492 1,017,574
Totalfundscarriedforward 20 1,202,147 1,492 1,203,639

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 20.

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BURYILD

BALANCE SHEET AS AT 31 MARCH 2025 {REGISTRATION NUMBER: 02970299 )

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£| |Fixed|assets| |Tangible|assets|13|969,875|969,641| |Current|assets| |Debtors|14|120,378|309,256| |Cash|at|bank|and|in|hand|45|600,500|231,404| |720,878|540,660| |Creditors: Amounts|falling due within one year|16|(81,622)|(43,267)| |Net|current|assets|639,256|497,393| |Total|assets|less|current|liabilities|1,609,131|1,467,034| |Creditors: Amounts falling due after more than one year|17|(249,040)|(263,395)| |Net|assets|1,360,091|1,203,639| |Funds|of the|charity:| |Restricted|income|funds| |Restricted funds|1,492|1,492| |Unrestricted|income|funds| |Unrestricted|funds|1,358,599|1,202,147| |Total funds|20|1,360,091|1,203,639|

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The financial statements on pages 19 to 38 were approved by the trustees, and authorised for issue on ZS. and signed on their behalf by:

H Broadbent Chair

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BURYILD

STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025

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2025 2024
Note £ £
Cash flows from operating activities
Netcash income 156,452 186,065
Adjustments to cash flows from non-cash items
Depreciation 761 764
Investment income 4 (9,017) (3,816)
148,196 183,013
Working capital adjustments
Decrease/(increase) in debtors 14 188,878 (75,406)
increase in creditors 16 37,518 5,142
Net cashflowsfrom operatingactivities 374,592 112,749
Cash flows from investing activities
Interest receivable and similarincome 4 9,017 3,816
Purchaseoftangiblefixed assets 13 (995) -
Netcash flowsfrom investing activities 8,022 3,816
Cash flows from financing activities
Repaymentofloansand borrowings 16 (13,518) (84,961)
Net increase in cashand cash equivalents 369,096 31,604
Cash and cash equivalents at 1April 231,404 199,800
Cashandcashequivalentsat31March 600,500 231,404

All of the cash flows are derived from continuing operations during the above two periods.

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BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is:

Unit 17 Bury Business Centre Kay Street Bury BLO 6BU

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

BuryILD 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 notes.

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Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

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Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income and endowments

Incoming resources are accounted for on a receivable basis. Restricted grants are allocated to the appropriate funds.

investment and rental income

Bank interest received is included on an actual receipts basis, except for deposit accounts on which interest is paid annually, in which case income is accrued.

Cash held in deposit accounts is included within 'cash at bank and in hand’.

The rental income is received from the organisation which manage the three properties which are owned by BurylLD and provide housing for supported individuals. This is due on a monthly basis and accounted for when receivable.

Expenditure

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

The policy for including items within the relevant activity categories of expenditure is at the discretion of the trustees but is usually determined by the criteria of any funding application.

In particular the policy for including items within costs of raising funds, charitable activities and governance costs is:

Raising funds

There are no specific costs that are attributable to the generating of funds.

Charitable activities

This comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Governance costs

Governance costs include all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.

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BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 re

Allocation of costs within types of resources expended

All costs, including pension costs, are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis. Resources expended include attributable VAT which cannot be recovered.

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Operating leases

Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation. The properties are not depreciated as they are kept in good condition, and, as the residual value of the properties would be at least equal to the book value, there is no depreciation to be charged. Although the Companies Act and FRS 102 would normally require the systematic annual depreciation of all fixed assets, the trustees believe that the policy of not providing depreciation of properties is necessary in order for the accounts to give a true and fair view. Other assets are depreciated as detailed in the depreciation policy.

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Depreciation

Depreciation is calculated so as to write off the cost or valuation, less its residual value, over the useful economic life of that asset as follows:

Asset class Depreciation method and rate Fixtures and fittings 10% straight line Equipment 25% straight line

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BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 aeae

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds teh recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

for the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Trade debtors

Trade debtors are amounts due for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities,

Trade creditors are recognised initially at the transaction price.

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Borrowings

interest-bearing borrowings are initially recorded at fair value, net of transaction costs. interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Fund structure

The charity maintains a general fund which represents fund which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered on the particular cirsumstances.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

Financial instruments

Classification

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Recognition and measurement

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other cansideration expected to be paid or received and no discounted.

Debt instruments

Debt instruments are subsequently measured at amortised cost.

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BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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Investments

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Derivative financial instruments

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

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Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amouont would have been had the impairment not previously been recognised.

3 Income from donations and legacies

3 Income from donations andfrom donations anddonations andand legacies
Unrestricted
funds		 Total Total
General 2025 2024
£ £ £
Donations and legacies;
Social services contracts 1,633,186 1,633,186 1,537,467
Supporting people - - (1,422)
Contact subscriptions 3,623 3,623 2,531
Miscellaneous donations - - 1,745
1,636,809 1,636,809 1,540,321

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ce

4 Investment income

Unrestricted
funds Total Total
General 2025 2024
£ £ £
Interest receivable and similar income;
Interest receivableon bank deposits 9,017 9,017 3,816
5 Other income
Unrestricted
funds Total Total
General 2025 2024
£ £ £
Rental income 73,561 73,561 65,026
Miscellaneous income 67 67 3,352
73,628 73,628 68,378

6 Expenditure on charitable activities

Unrestricted
funds Total Total
Genera! 2025 2024
Note £ £ £
Charitable activities 1,124,104 1,124,104 1,065,655
Allocated support costs 7 433,378 433,378 355,995
Governance costs 7 5,520 5,520 4,800
1,563,002 1,563,002 1,426,450

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BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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7 Analysis of governance and support costs

Support costs allocated to charitable activities

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|||||||| |---|---|---|---|---|---|---| |Analysis|of|Total|Total| |support|costs|2025|2024| |£|£|£| |Staff|costs|305,238|305,238|236,312| |Premises|14,585|14,585|16,752| |Communications|and|IT|5,205|5,205|4,804| |General|office|82,397|82,397|71,895| |Human|resources|3,939|3,939|2,414| |Finance|costs|22,014|22,014|23,818| |Governance|costs|5,520|5,520|4,800| |438,898|438,898|360,795| |Governance|costs| |Unrestricted| |funds|Total|Total| |General|2025|2024| |£|£|£| |Audit|fees| |Audit|of the|financial|statements|5,520|5,520|4,800| |5,520|5,520|4,800| |8|Net|incoming/outgoing resources|;| |Net|incoming|resources|for the|year|include:| |2025|2024| |£|£| |Audit|fees|5,520|4,800| |Depreciation|of fixed|assets|761|764|

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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3Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

One trustee was reimbursed £16 (2024: £Nil) for office expenses during the year.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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10 Staff costs

The aggregate payroll costs were as follows:

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Staff costs during the year were:| |Wages|and|salaries|1,285,895|1,191,716| |Social|security|costs|115,133|95,254| |Pension|costs|28,314|14,997| |1,429,342|1,301,967|

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The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |No|No| |Administrative|staff|8|8| |Number|of|staff engaged|in|charitable|activities|46|48| |54|56|

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No employee received emoluments of more than £60,000 during the year.

11 Auditors’ remuneration

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||||| |---|---|---|---| |2025|2024| |Audit of the financial statements|5,520|4,800| |Other fees to auditors| |Ail other|non-audit services|5,420|6,200|

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12 Taxation

The charity ts a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

Land and Fixtures and
buildings fittings Equipment Total
£ £ £ £
Cost
At 1April 2024 968,880 7,635 24,305 1,000,820
Additions 995 - - 995
At31 March 2025 969,875 7,635 24,305 1,001,815
Depreciation
At 1 April2024 - 6,874 24,305 31,179
Charge for the year - 761 - 761
At31 March 2025 - 7,635 24,305 31,940
Net book value
At 31 March 2025 969,875 ~ - 969,875
At31 March 2024 968,880 761 - 969,641
14 Debtors
2025 2024
£ £
Trade debtors 4,288 191,509
Prepayments and accrued income 116,090 117,747
120,378 309,256
15 Cash and cash equivalents
2025 2024
£ £
Cash on hand 502 859
Cash at bank 599,998 230,545
600,500 231,404

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16 Creditors: amounts falling due within one year

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Bank|loans|14,127|13,290| |Trade|creditors|7,957|1,328| |Accruals|and|deferred|income|26,916|6,647| |Other taxation|and|social|security|24,497|21,150| |Other|creditors|8,125|852| |81,622|43,267| |17|Creditors:|amounts|falling|due|after|one|year| |2025|2024| |£|£| |Bank|loans|249,040|263,395|

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18 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Land and|buildings| |Within|one year|1,340|1,127| |Other| |Within|one year|1,435|960| |Between|one|and|five years|-|900| |1,435|1,860|

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19 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £28,314 (2024 - £14,997),

BURYILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20 Funds
Balance at 1 Incoming Resources Balance at 31
April 2024 resources expended March 2025
£ £ £ £
Unrestricted funds
General 1,202,147 1,719,454 (1,563,002) 1,358,599
Restricted Funds
C Learning 1,163 ~ - 1,163
Polytunnel 329 - - 329
Total restricted funds 1,492 - - 1,492
Total funds 1,203,639 1,719,454 (1,563,002) 1,360,091
Balance at 1 Incoming Resources Balance at 31
April 2023 resources expended March 2024
£ £ £ £
Unrestricted funds
General 1,016,082 1,612,515 (1,426,450) 1,202,147
Restricted funds
C Learning 1,163 - - 1,163
Polytunnel 329 - - 329
Total restricted funds 1,492 - - 1,492
Totalfunds 1,017,574 1,612,515 (1,426,450) 1,203,639

The specific purposes for which the funds are to be applied are as follows:

The first restricted fund relates to a grant received from C Learning, to fund the purchase of Possum Assistive Technology. The money has not yet been spent in full. The second restricted fund relates to income to fund the purchase of a polytunnel.

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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21 Analysis of net assets between funds

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||||||| |---|---|---|---|---|---| |Unrestricted|Total|funds|at| |funds|Restricted|31|March| |General|funds|2025| |Tangible|fixed|assets|969,875|-|969,875| |Current|assets|719,386|1,492|720,878| |Current|liabilities|(81,622)|-|(81,622)| |Creditors|over|1 year|(249,040)|-|(249,040)| |Total|net assets|1,358,599|1,492|1,360,091| |Unrestricted|Total|funds|at| |funds|Restricted|31|March| |General|funds|2024| |£|£|£| |Tangible|fixed|assets|969,641|-|969,641| |Current|assets|539,168|1,492|540,660| |Current|liabilities|(43,267)|-|(43,267)| |Creditors|over|1 year|(263,395)|-|(263,395)| |Total|net|assets|1,202,147|1,492|1,203,639|

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22 Contact leisure division

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||||| |---|---|---|---| |Total|Total| |2025|2024| |Total|income|3,623|2,641| |Other expenses|2,222|1,373| |Total expenditure|2,222|1,373| |Net incoming/(outgoing)|resources for the year|1,401|1,268|

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BURYILD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

23 Analysis of net funds

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||||||||| |---|---|---|---|---|---|---|---| |At|1|April|Financing|At|31|March| |2024|cash|flows|2025| |£|£|£| |Cash|at|bank and|in|hand|231,404|369,096|600,500| |Net|debt|231,404|369,096|600,500| |Atl|April|Financing|At 31|March| |2023|cash|flows|2024| |£|£|£| |Cash|at|bank and|in|hand|199,800|31,604|231,404| |Net debt|199,800|31,604|231,404|

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24 Related party transactions

There were no related party transactions in the year.

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