Company No. 2662382 Charity No.1050456 BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Contents Page 1-2 Report of the Directors Reporting accountants, report Statement of Financial Activities Balan￿ Sheet 6-9 Notes to the Financial Stslements 10-11 Detailed Statement of Financial Activities for advice seNices Princi al address and r islered office.. 96 Blackbird Leys Road Blackbird Leys Oxford OX4 6HS Inde endent Examiners Critchleys Audit LLP, Beaver House, 23 - 38 Hythe Bridge Street, Oxford, OX1 2EP Registered Charity No. 1050456 Company No. 2662382 BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2022 Page 3. The Directors submit their report together with the financial stslements for the year ended 31 March 2022. Objectives and activities The principal activity of the company during the year was to provide advice and information services, in particular welfare rights and money advice, lo the residents of Blackbird Leys and the surrounding areas. Additionally the company administers grants to individuals in need with funds donated specifically for that purpose. The Iruslees eonsider the company a public benefit entity as defined by FRS 102120191. Achievements and performance A detailed description of the Company's activities and performance is available in the charity's annual report at Annual Re orts TheA nes Smith Advice Cenlre. The Annual Report 2021-2022 there should be read in conjunction with this report for a full coverage of the charity's achievements and performance. During the year, for the 1406 local residents advised by the company, the company achieved additional annual benefit gains tolalling £1,779,190. The company helped service users clear debts lolalling £659,180, enabling people to make a fresh start. The company achieved charity grants and other gains for service users of £140,478. The total financial gain for local residents was £2,578,849. Much of this additional income is spent locally on essentials such as food and fuel, helping lo support the local economy. Our work improves well-being and increases financial and social inclusion, helping people lo play their full part in a thriving and supportive community. Reference and administrative details The company is a registered charity, 0.1050456. The charity operates primarity under the name". Agnes Smith Advice Cenlre. The directors who served throughout the year unless otherwise stated were as follows'.- Andrew Carver Catherine Griffin Elaine Chase Bevedey Humberstone Gillian Dodds Simon Pilkin Paul Dornan Cora Spencer Jesse Erlam Wendy Spray Catherine Foot Imade Edosomwan was appointed as a director on 14 July 2021 The company is limited by guarantee and does not have a share capital. Accordingly the directors have no interest in the share capitsl of the company. Structure, Governance, and Management General Information The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The governing documents are the Memorandum and Articles of Association incorporated 12 November 1991 as amended by special resolution dated 14 October 1995 as amended on 14 Jul 2021 as amended on 15 Sep 2021 as amended on 25 Ocl 2021 and registered with the Charities Commission. The maximum liability of each member for payment of debts of the company is £1. Al 31 March 2022 there were 24 members. BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED Method of appointment of trustees The trustees of the charity are also the directors of the company limited by guarantee. BLNSS Ltd. Unless otherwise deuded at a general meeting. there are 15 or fewer. At each annual general meeting (AGMI. all the Irusteesldirectors stand down. and must stand for re-election.. at the AGM. retiring trusleesldirectors who have indicated their willingness lo stand again are capable of being re-elected by the members. Other trusteesldirectors wanting to be elected at the AGM must be nominated by a member, and must indicate in writing their willingness to stand. Trusteesldirectors can be Cftropted during the year, but must then stsnd for election at the next AGM. Financial Revlew Page 4. The financial position as at 31 March 2022 is as detailed in the financial statements following Ihis report. There was £321,102 in gross revenue and a deficit of £8.479, leading to total carried forward reserves of £146.427. Risk assessment The trustees have ￿vieWed the major risks facing the organisation and developed strategies to mitigate them., a policy has been approved and adopted. Reserves policy Based on discussions about the risk assessment. the trustees have discussed and agreed the following statement on their reserves policy: - BLNSS Ltd. aims to sustain its reseryes at a level whith would cover a minimum of 4 months, and a maximum of 6 months. operating costs. - this is to seNe as a contingency against future uncertainty affecting the service we provide- this will be used only 8t the discretion of the Board of Trustees in the case of financial necessity., if part of the reserve is used up for this reason the trustees would aim to replace it as soon as possible from any operating surpluses- reserves can also be designated for a speciffc purpose {i.e. to fund the development of th6 organisation)- . trustees would prefer to invest the reserves ethically, atthough relatively easy access is essential. Significant costs are also anticipated in the fijture due to the conlinuing need to move to new premises. The decision was therefore taken during the 2008109 year (implemented in 20091101 to set aside some of these reserves in a relocation fund, to be used if necessary for moving and necessary renovationslalterations, purchase of a building andlor higher rent A restricted donation of £10,000 was received in 2009110. In addition, the trustees have set aside a sum of £40.000 from general reseTves. Excluding the £40,000 which has been sel aside from unrestricted funds, the unrestricted funds carried forward 31 March 2022 totalled £91,041 whlch represents between 4 and 5 months, budgeted expenditure. Golng concern The trustee5 consider that there are no material uncertainties about the Trusts ability to continue as a going concem This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. By order of the Board Iue_4 Sett) W Spray Diredor 14 September 2022 Page 5. ## **BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED** I report to the charity trustees on my examination of the accounts of Blackbird Leys Neighbourhood Support Scheme Limited for the year ended 31 March 2022, which are set out on pages 6 to 11. ## **Responsibilities and basis of report** As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”) Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the “2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act ## **Independent examiner’s report** Since the Company’s gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with examination giving me cause to believe: - 1) Account records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2) The accounts do not accord with those accounting records; or - 3) The accounts do not comply with account requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - 4) The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Name of examiner:** Gary Pready FCA **Name of firm:** Critchleys Audit LLP **Relevant professional body:** Institute of Chartered Accounts in England and Wales **Address:** Beaver House, 23-28 Hythe Bridge Street, Oxford, OX1 2EP **Date:** 15 September 2022 Page 6. ## **BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ||||2021-2022|||||2020-2021||| |---|---|---|---|---|---|---|---|---|---|---| ||Restricted||Unrestricted|Restricted|Total|Restricted||Unrestricted|Restricted|| ||Direct Benefits||(Advice)|Advice|2022|Direct Benefits||(Advice)|Advice|Total 2021| |**Revenue:**||||||||||| |Private donations||-|3,072|-|3,072||-|4,389|-|4,389| |Bank interest||-|403|-|403||-|508|-|508| |Grants (see Note 1a)|64,941||124,170|128,516|317,627|30,445||124,716|123,879|279,040| |Total revenue|64,941||127,645|128,516|321,102|30,445||129,614|123,879|283,938| |**Expenditure**||||||||||| |Transfers to 3rd parties*||-|-|16,840|16,840||-|-|14,650|14,650| |**Administrative costs**||||||||||| |Total staff related costs||-|97,852|101,938|199,790||-|104,470|83,689|188,160| |Other admin costs||-|27,486|15,801|43,287||-|24,406|20,435|44.841| |Total administrative costs||-|125,338|117,739|243,077||-|128,876|104,124|233,000| |**Governance costs**||-|1,603|0|1,603||-|1,402|-|1,402| |(Note 1b Audit and Accountancy less quality||audit|fee 2021)|||||||| |**Direct benefits:**||||||||||| |Total direct benefits|67,282||777|0|68,061|28,080||||28,080| |**Total expenditure**|67,282||127,720|134,579|329,581|28,080||130,278|104,124|262,482| |**Income less expenditure**|(2,341)||(75)|(6,063)|(8,479)|2,365||(664)|5,105|6,805| |**Reserves:**||||||||||| |Total funds brought forward|2,365||131,115|21,426|154,906||0|131,780|16,321|148,101| |Current year earnings|(2,341)||(75)|(6,063)|(8,479)|2,365||(664)|5,105|6,805| |Total funds carried forward||**24**|**131,041**|**15,363**|**146,427**|**2,365**||**131,115**|**21,426**|**154,906**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. For 2020-21, not all Direct Benefit transactions were included in the accounts, being considered out of scope. From 1/4/2021 all such transactions are included. The notes on pages 8 to 11 form part of these financial statements. * Thames Water Trust Fund grant to Oxford Community Work Agency for partnership project. BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMrrED BALANCE SHEET AS AT 31 MARCH 2022 Cornpany No 2662382 2022 2021 Page 7. Flx•d a$58ts TangltAe assets CubTent a8•ets DebtOTS 7.761 14.076 9.955 27,928 Cash at bank arKI in hand Total current assets 171.055 178,938 radltrys . amounts falllng dug wlthln one 38.108 Nat currént assets Tt>tal assets loss currert Ilabllftles 146,427 154.9 Unrostrtcted fvnds RestrlGted fundg 131,041 131.115 146,427 154.906 The diT&iors s￿ Satisfi￿ that ts compary is entitled to exemption from the pr(NIs￿ ofthe Comp￿leS kt 20061the A¢il relating to the audit of the financial 5tatsments for the pwic%l by virbje of set*on 477, and that Th) membèr ￿ members have raquested 8n audtt pursu8nt to secuon 476 of A¢L The dIT￿b)rS a(*nowtedg8 tr￿1r responslbtllty for. (i) er￿[Ing that the company key properaccy)untir¥J recryds whth wtth seclion 386 of the Act, (li) weparing financial statements which give a tn￿ and fair Vig•V ofthe state of affairn of th6 company as at th8 of the financrdl period and of its profft or bss for the financial period in accordance wtth the requirements of section 393. ènd wh￿h Ott￿p￿1$e compty wth the requTrements of the A£t retating to financtal statements, so far as applicable to the company. These aw)unts have been prepared in a￿ordanCe wllh th6 Spedal tVOVi5iong r8lating b small companio8 thln Part 15 of th8 Companies Act 2006. Th&se flnancial slatements were aptyoved by the Board on 14 S8Ptemter 2022 W Spray Director A Carvor BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Page 8 ## 1. Principal accounting policies 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## (a) Grants Grants receivable represent amounts received during the year as adjusted for any elements that relate to future periods, which are included in the balance sheet as deferred income. ## (b) Allocation of expenditure in Statement of Financial Activities Accountancy and audit costs are classified as governance costs. All other costs, which principally relate to advice workers' salaries, premises costs and office overheads, are classified as direct charitable expenditure. ## (c) Depreciation Depreciation is provided on a straight line basis at rates estimated to reduce the cost of fixed assets to their residual values over their anticipated useful lives. The following annual rates are used: |Computer equipment|25%||| |---|---|---|---| |Office equipment|25%||| |movement in funds|||| |||2022|2021| |The net movement in funds is stated after charging:||£|£| |Reporting accountants' fee||1,110|960| ## 2. Net movement in funds ## 3. Directors' emoluments The directors received no emoluments or reimbursements of expenses from the company during the year. ## 4. Employees' emoluments |Salaries
Employer's National Insurance
Employer's Pension Contributions|2022
2021
£
£
181,359
170,985
9,800
9,042
8,631
8,133| |---|---| ||£199,790
£188,160| The average number of employees during the year was 9 (2021: 9). There were no employees who received employee benefits (excluding employer pension costs) of more than £60,000. There were also none in the previous financial year (2020/21). BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED Page 9 ## 5. Tangible fixed assets |Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Released on disposal
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021
6. Debtors
Other debtors
Prepayments and accrued income
7. Creditors - amounts falling due within one year
Accruals
Deferred grant income (see note 8)
8. Deferred income - grants in advance
Consortium (Catalyst Housing Ltd, GreenSquareAccord and
A2 Dominion) (element related to 2022/23)
Oxfordshire County Council - Councillor's Priority Fund
Oxford City Council Advice Agencies Dev Fund
Julia and Hans Rausing Trust
Small grants up to £1000||Equipment
61,357
0
(7,049)
54,308
47,281
6,315
(7,049)
46,547
7,761
14,076
2022
2021
£
£
1,043
17,962
8,912
9,966
9,955
27,928| |---|---|---| |||| |||| |||| |||| |||£
£
6,583
6,174
25,806
31,933
32,389
38,108
2022
2021
£
£
9,246
10,483
2,211
-
12,586
-
-
19,990
1,763
1,460
25,806
31,933| |||| Page 10 ## BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED ## 9. Restricted funds |ACKBIRD LEYS NEIGHBOURHOOD SUPPORT SC
Restricted funds|HEME LIMITED
Page 10| |---|---| |a. Consortium (Catalyst Housing Ltd, GreenSquareAccord and
A2Dominion)
b. The Northmoor Trust - Relocation Fund
c. St Michael's and All Saints' Charities
d. The National Lottery Community Fund (IT Fund) -
depreciation
d. City of Oxford Charity - depreciation
d. Oxford City Council (COVID 19 fund) - depreciation
e. Client General Fund - direct client benefits
f. Blackbird Leys Parish Council - advice services
f. Thames Water Trust Fund - advice services and direct
benefits
f. The National Lottery Community Fund (Help Through Crisis
Fund) - advice services
f. The Energy Saving Trust - advice services and direct client
benefits
f. Midcounties Co-Op Community Fund - advice services
f. Hoper Dixon Trust - direct client benefits
f. The National Lottery Community Fund - (COVID 19 fund) -
advice services
f. Oxfordshire Community Foundation (Homelessness)- advice
services
f. City of Oxford Charity - direct client benefits
f. Oxford City Council (COVID 19 Winter Emergency Fund) -
direct client benefits and advice services
f. Oxford City Council (Household Support Grants) - direct
client benefits and advice services
f. Oxford City Council (Advice Agencies Dev Fund)-
management time or potential agency integration
Julia and Hans Rausing Trust - advice services
f. Agnes Smith Public Appeal - advice services
f. AdviceUK 21 DRO - information resources|Income in
year
Spent in
year
Reserves
at start of
year
Reserves
at end of
year
23,428
23,428
-
-
-
-
10,000
10,000
-
169
557
388
-
2,434
2,434
-
-
200
567
367
-
1,928
6,535
4,607
5,579
5,555
-
24
5,000
5,000
-
-
35,000
35,000
-
-
2,013
2,013
-
-
7,106
7,106
-
-
-
1,333
1,333
-
-
651
651
-
9,956
9,956
-
-
10,000
10,000
-
-
11,645
13,359
1,714
-
17,360
17,360
-
-
32,500
32,500
-
-
7,380
7,380
-
-
19,990
19,990
-
-
5,500
5,500
-
-
1,000
1,000
-
-| ||193,457
201,861
23,791
15,386| ## Details of the restricted funds are as follows: (a) 'Consortium' - a one year grant running from September 2021 to August 2022 from the bodies show above to contribute towards the salary and associated costs of outreach and other work. Funds received in respect of the period after 31 March have been treated as deferred income (see note 10 above). (b) The Northmoor Trust - Relocation Fund. Funds are being accumulated towards the costs of relocating the charity’s offices. Unspent amounts are represented by cash at bank. (c) St Michael's and All Saints' Charities. Originally two separate grants to pay for volunteer childcare costs and floor covering. Agreed in 2016/17 that these could be used to pay for volunteer costs in general. Any unspent amounts are represented by cash held at the bank. Page 11 ## BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED ## 9. Restricted funds - continued (e) Client General Funds comprise funds provided by various donors exclusively for direct client benefits with the beneficiary either proposed by the donor or recommended by the centre. (f) Donors as listed - Grants to pay for costs as indicated. Any unspent amounts are represented by cash held at the bank. ## 10. Unrestricted funds |Income
Expenditure
Surplus for the year
Fund balance brought forward
Fund balance carried forward|General
Fund
Relocation
Fund
Total
127,645
-
127,645
127,720
-
127,720| |---|---| ||(75)
-
(75)
91,115
40,000
131,115
91,041
40,000
131,041| ## 11. Analysis of assets between the funds |Fixed assets
Current assets
Current liabilities|General
Relocation
Restricted
Total
£
£
£
£
2,787
-
4,974
7,761
120,643
40,000
10,412
171,055
(32,389)
-
-
(32,389)
91,041
40,000
15,386
146,427| |---|---| ## 12. Related party transactions Donations received from Trustees in the year totalled £403 (2021: £28). There were no other related party transactions in the current year. BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED Page 12 FINANCIAL DETAILS FOR ADVICE SERVICES FOR THE YEAR ENDED 31 MARCH 2022 |Income|Unrestricted
Restricted
Total
2022
Total
2021| |---|---| ||| |Oxford City Council|81,026
8,228
89,254
91,549| |Consortium (Housing Associations)|23,428
23,428
25,895| |National Lottery Community Fund|11,969
11,969
18,007| |Blackbird Leys Parish Council|5,000
5,000
5,000| |The Energy Saving Trust|6,211
6,211
14,908| |Henry Smith Charity|10,000
10,000
20,000| |Tony and Sheelagh Williams Charitable Foundation|10,000| |AB Charitable Trust|10,000
10,000| |Oxfordshire Community Foundation|10,000
10,000
22,546| |Julia and Hans Rausing Trust|19,990
19,990| |Thames Water Trust Fund|20,350
20,350
20,350| |Midcounties Co-operative Community Fund|2,000| |City of Oxford Charity|3,000
3,000| |29th May 1961 Charity|5,000
5,000| |Mr and Mrs J A Pye's Charitable Settlement|2,500
2,500| |London Legal Support Trust - Legal Walk 2021|3,184
3,184| |P. F. Charitable Trust|5,000
5,000| |St Michael's & All Saints Charities|3,000
3,000| |Others|7,532
3,500
11,032
8,079| |Bank interest|403
403
508| ||| ||127,645
111,676
239,321
238,842| ## BLACKBIRD LEYS NEIGHBOURHOOD SUPPORT SCHEME LIMITED Page 13 FINANCIAL DETAILS FOR ADVICE SERVICES FOR THE YEAR ENDED 31 MARCH 2022 (Contd) |Expenditure|Unrestricted|Restricted|Total
2022|Total
2021| |---|---|---|---|---| |Charitable Activities||||| |Audit (Service quality)|0|0|0|1,500| |Consulting|664|321|985|590| |Depreciation Expense|1,755|4,561|6,315|5,546| |Electricity|2,172|776|2,948|2,620| |Information Resources|2,951|1,832|4,783|3,196| |Insurance|3,642|0|3,642|3,672| |Interest Paid|1|0|1|1| |Internet|485|544|1,029|800| |Non-durable Office Equipment|5|0|5|1,167| |IT Software and Consumables|1,126|0|1,126|413| |IT Support|1,360|1,100|2,460|4,414| |Legal and Professional Expenses|253|0|253|189| |Miscellaneous|511|0|511|390| |Office Supplies and Stationery|(56)|1,080|1,024|1,932| |Photocopying and Printing|313|1,500|1,813|1,893| |Postage, Freight & Courier|1,391|203|1,593|1,500| |Recruitment Costs||||1,121| |Rent, Rates, Refuse Collection & Water|7,241|1,513|8,754|8,331| |Repairs & Maintenance|2,180|0|2,180|2,433| |Subscriptions|180|0|180|752| |Telephone|646|869|1,515|1,454| |Training: Staff & Trustees|557|1,333|1,891|846| |Training: Volunteers|0|132|132|| |Travel – Staff|49|0|49|108| |Travel _ Volunteers|59|38|97|| |Direct Client Benefits|778||778|| |Salaries and Related Costs|97,852|101,938|199,790|188,160| |Governance costs||||| |Accountancy and Audit|1,110||1,110|960| |Bookkeeping|494||494|481| |Total Expenditure|127,720|117,739|245,459|234,467| |||||| |Net Income|(75)|(6,063)|(6,138)|4375|