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2023-03-31-accounts

Page
Reference and Administrative Details ofthe Charitable company, its Trustees and 1-2
Advisers
Trustees'
Report		 3-14
Independent Auditors'
Report		 on the Financial Statements 15-18
Consolidated Statement of Financial Activities 19
Consolidated Balance Sheet 20
Charitable
company
Balance		 Sheet 21
Consolidated Statement ofCash Flows 22
Notes to the Financial Statements 23-49

Trustees C Barker
J M Barnes
BSGeorge
P Grayson,
Chair
Cllr T Hill
Rev SC Holroyd (resigned 29 September 2022)
IJ Kelly (resigned 29 September 2022)
6 Kooner (appointed 21 November 2022)
A Lovesey
E Masih
BG Prickett
I Riches
H Shafi (resigned 9 March 2023)
C J Smith (appointed 21 November 2022)
Company registered
number 03327628
Charity registered
number 1061538
Registered office The Old School
Cardington
Beds
MK44 3SX
Company secretary Mrs T Cowan
Chief executive officer Mrs T Cowan
Bankers CAF Bank
25 Kings
Hill Avenue
Kings
Hill
West Mailing
Kent
ME194JQ
National
Westminster		 Bank pic
81 High Street
Bedford
MK40 1NE
Scottish Widows
PO Box 12757
67 Morrison Street
Edinburgh
EH3 8YJ

Restdicted Unrestricted Total Total
funds funds funds funds
Note 2023
f		 2023
f		 2023
Z		 2022f
Income from:
Donations
and legacies		 26,620 718,240 744,860 23,311
Charitable
activities		 2,303,123 85,068 2,388,191 2,401,959
Other trading
activities		 413,064 413,064 452,179
Investments 2,107 2,107 1,352
Total income 2,329,743 1,218,479 3,548,222 2,885,801
Expenditure
on:
Raising funds 7 231,049 231,049 243,271
Charitable
activities		 8 2,168,823 408,199 2,577,022 2,417,872
Total expenditure 2,168,823 639,248 2,808,071 2,661,143
Net income 160,920 579,231 740,151 227,655
Transfers
between		 funds 20 44,538 (44,538)
Net movement
in		 funds 205,458 534,693 740,151 227,558
Reconciliation
of		 funds:
Total funds brought forward 751,681 618,949 1,370,630 1,142,972
Net movement
in funds		 205,458 534,693 740,151 227,558
Total funds carried forward 957,139 1,153,642 2,110,781 1,370,630

2023f 2022
6
Cash flows from operating
activities
Net cash used
in operating
activities		 (177,485) 343,133
Cash flows from investing
activities
Dividends,
interests
and rents from investments		 2,107 4,565
Proceeds from the sale oftangible
fixed assets		 5,526 202
Purchase oftangible
fixed assets		 (35,697) (13,800)
Net cash used in investing
activities		 (28,064) (9,033)
Cash flows from financing
activities
Repayments
of borrowing		 (9,293) (6,879)
Movement
in fixed term deposit		 (999) 25,093
Net cash (used in)/provided
by financing		 activities (10,292) 18,214
Change
in cash and cash equivalents
in		 the year (215,841) 352,314
Cash and cash equivalents
at the beginning		 ofthe year 835,340 483,026
Cash and cash equivalents
atthe end of		 the year 619,499 835,340
The notes on pages 23 to49form part ofthese financial statements

Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
6
Donations
Transfer ofcash assets from LuBYA 32,736 32,736
Transfer ofproperty from LuBYA (at valuation) 683,000 683,000
Subtotal detailed disclosure 715,736 715,736
Donations 26,620 2,504 29,124 23,311
26,620 718,240 744,860 23,311
Total 2022 21,254 2,057 23,311

Restdicted Unrestricted Total Total
funds funds funds funds
2023
6		 2023
f		 2023f 2022f
Income from charitable activities 2,303,123 65,068 2,386,191 2, 40'l, 959
Total 2022 2,273,597 128,252 2,40'1,959
5. Income from other trading activities
Income from fundraising events
Unrestricted Total Total
funds funds funds
2023 2023 2022
6 E
Rent received 27,339 27,339 3,213
Sundry income 76 76 SS8
27,415 27,415 3,881
Income from non charitable trading activities
Unrestricted Total Total
funds funds funds
2023
6		 2023
6		 2022f
Sales 376,732 376,732 420,808
Rent receivable 6,250 6,250 11,900
Other income 2,667 2,667 25,790
385,649 385,649 458,298
Total 2022 458,298 458,298

Unrestricted Total Total
funds funds funds
2023
F		 2023 2022f
2,107 2,107 1,352
1,352 1,352

Unrestricted Total Total
funds funds funds
2023 2023 2022
6
Cost ofsales 221,739 221,739 216,587
Administration expenses 8,380 8,380 25,596
Interest payable 930 930 1,088
231,049 231,049 243,271
Total 2022 243,271 243,271

Restricted Unrestricted
funds funds Total Total
2023
8		 2023
8		 2023f 2022f
Charitable Activities 2,168,823 408,199 2,577,022 2,417,872
Total 2022 2,095,656 322,216 2,417,872

Activities
undertaken Support Total Total
directly costs funds funds
2023 2023
K		 2023f 2022
5
Charitable Activities 2,192,545 384,477 2,577,022 2,417,872
Total 2022 2,132,107 285,765 2,417,872

Total Total
funds funds
2023f 2022
Staff costs 1,532,525 1,405,274
Room hire, meetings and conferences 20,745 8,183
Publicity,
publications		 and subscriptions 32,210 58,522
Printing,
postage, stationery		 and telephone 60,806 68,108
Repairs and renewals 67,220 37,642
Contractors fees 123,127 ff2,180
Travel and susbistence 11,612 7,061
Recruitment and other staff costs 13,039 5,568
Volunteer's expenses 1,913 2,056
Rent, rates and service charges 90,454 60,277
Legal and professional fees 22&004 4,974
Grants paid 156,923 317,165
Vehicle costs 44,524 44,867
Lease costs 15,443 230
2,192,545 2,132,107

Total Total
funds funds
2023 2022
Staff costs 218,035 170,343
Depreciation 62,978 33,452
VAT lost on partial exemption 8,664 5,062
Premises costs 80,775 61,868
Bank charges 2,159 1,406
(Profit)/loss on disposal offixed assets 7,235 1,4S7
Bad debts 4,138 2,953
Governance costs 493 9,214
384,477 285,765
10. Auditors'
remuneration
2023f 2022
S
Fees payable to the charitable company's auditor for the audit ofthe
charitable
company's		 annual accounts 12,000 9,200
Fees payable to the charitable company's auditor in respect of:
All non-audit services not included above 4,000 3,600
Group Group Charity Charity
2023 2022 2023
6		 2022f
Wages and salaries 1,586,031 1,431,078 1,586,031 1,431,078
Social security costs 132,141 114,955 132,141 'l14,955
Contribution to defined contribution pension
schemes 32,388 29,584 32,388 29,584
1,750,560 1,575,617 1,750,560 1,575,617

Group Group Group Charity Charity
2023 2022 2023 2022
No. No. No. No.
Project staff 91 85 91 88
Administration and governance 3 3 3 3
94 89 94 89
The average headcount expressed as full-time equivalents was:
Group Group Charity Charity
2023 2022 2023 2022
No. No. No. No.
Project staff 52 52 51
Administration and governance 3 3 3
55 54 55 54

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Group Group
2023f 2022f
Goods for resale 42,017 42,675

Group Group Charity Charity
2023f 2022f 2023f 2022f
Due within one year
Trade debtors 495,973 203,366 482,937 202,907
Amounts
owed by group undertakings		 185,239 102,500
Other debtors 27,446 3,485 27,446
Prepayments and accrued income 8,762 68,210 8,762 67,575
632,181 275,061 704,384 372,982
Cunent asset investments
Group Group Charity Charity
2023f 2022 2023
6		 2022f
Bank deposit (over 90days) 85,999 85,000 85,999 85,000

Group Group Charity Charity
2023f 2022 2023 2022f
Bank loans 9,600 9,SOO
Trade creditors 28,582 57,900 28,090 57,042
Other taxation and social security 64,877 43,392 63,384 43,300
Other creditors 14,075 13,053 14,075 13,053
Accruals and deferred income 180,261 205,404 177,261 202,104
297,395 339,349 282,810 315,499
Group Gmup Charity Charity
2023f 2022f 2023f 2022f
Deferred income at 1 April 2022 127,144 51,031 127,144 51,031
Resources deferred during the year 138,266 127,144 138,266 127,144
Amounts released from previous periods (127,144) (51,031) (127,144) (51,031)
138,266 127,144 138,266 127,144

Group Group
2023f 2022f
22,228 31,521

Statement offunds - current year
Balance at
Balance at 1 Transfers 31 March
April 2022 Income Expenditure in/out 2023
K 5 E 5 E
Unrestricted funds
Designated funds
Fixed Asset Reserve 503,424 (71,413) 718,697 1,150,708
Contingency Fund 150,000 150,000
Building
and		 Vehicle
Maintenance Fund 25,000 25,000
678,424 (71,413) 718,697 1,325,708
General funds
General
Fund		 127 44,381 (269,651) 199,613 (25,530)
BRCC Trading Services Ltd (84,602) 385,649 (231,048) (226,036) (156,037)
LuBYA 770,953 (34,141) (736,812)
VCSE funds 25,000 17,496 (32,995) 9,501
(59,475) 1,218,479 (567,835) (763,235) (172,066)
Total Unrestricted funds 618,949 1,218,479 (639,248) (44,538) 1,153,642

Balance at
Balance at 1 Transfers 31 March
April 2022
6		 Income Expenditure
6		 in/out
f		 2023
Restricted funds
Care in Bedford Borough 96,967 (76,726) 20,241
Care in Central
Bedfordshire		 94,813 92,504 (116,787) 70,530
Green Infrastructure 41,833 293,469 (188,047) 147,255
CBC Infrastructure 4,330 32,885 (21,299) 15,916
Warden
Abbey Vineyard		 18,483 (44,907) 26,424
Community
Rail Partnerships		 94,784 101,762 (104,305) 92,241
Ridgmont
Station		 2,813 (26,532) 23,719
Dunstable
Consortium		 19,667 56,250 (25,962) 49,955
Door to Door 67,136 316,721 (371,915) 11,942
CAB Timebank 21,226 111,969 (92,023) 41,172
Community
Connectors		 150,000 150,000
Mental Health Social
Prescribing 7,377 108,801 (80,289) 35,889
Primary Care Networks 45,099 232,624 (239,942) (1,860) 35,921
Social Prescribing CBC 131,902 248,342 (244,991) (1,860) 133,393
Social Prescribing BBC 30,580 219,947 (243,412) (1,860) 5,255
GCLP Projects 81,900 211,687 (234,923) (25) 58,639
You Can Do It 111,034 34,519 (56,763) 88,790
751,681 2,329,743 (2,168,823) 44,538 957,139
Total offunds 1,370,630 3,548,222 (2,808,071) 2,110,781

Statement o ffunds - prior ye ar
Balance at
Balance at Transfers 31March
1April 2021f Income Expenditure
f		 inrout
f		 2022
f
Unrestricted funds
Designated funds
Fixed Asset Reserve 524,745 (35,121) 13,800 503,424
Contingency Fund 150,000 150,000
Building and Vehicle
Maintenance Fund 25,000 25,000
699,745 (35,121) 13,800 678,424
General funds
General
Fund		 (6,879) 102,623 (249,585) 153,968 127
LuBYA 7,928 (7,928)
VCSE funds 25,000 25,000
BRCC Trading Service Ltd (71,142) 458,299 (243,271) (228,488) (84,602)
(78,021) 593,850 (500,784) (74,520) (59,475)
Total Unrestricted funds 621,724 593,850 (535,905) (60,720) 618,949

Balance at
Balance at Transfers 31March
1April 2021f Income
f		 Expenditure
f		 In7outf 2022f
Restricted funds
Care in Bedford Borough 51,253 (61,253) 23,152 13,152
Care in Central Bedfordshire 31,198 133,734 (80,119) (3,152) 81,661
Green Infrastructure 18,516 113,904 (90,587) 41,833
CBC Infrastructure 29,000 (24,670) 4,330
Warden Abbey Vineyard 10,172 (27,050) 16,878
Community
Rail Partnerships		 75,771 148,128 (129,115) 94,784
Ridgmont
Station		 3,209 (32,792) 29,583
Dunstable
Consortium		 25,000 (5,333) 19,667
Greensand
Country
Community
Transport		 1,507 103,559 (108,873) 3,807
Door to Door 91,905 198,623 (211,085) (12,307) 67,136
CAB Timebank 88,290 (67,064) 21,226
Mental
Health Social
Prescribing 53,333 (45,956) 7,377
Primary Care Networks 362,599 (317,500) 45,099
Social Prescribing CBC 125,042 227,970 (221,110) 131,902
Social Prescribing BBC 37,620 195,369 (202,409) 30,580
GCLP Projects 139,689 429,854 (490,402) 2,759 81,900
You Can Do It 120,954 (9,920) 111,034
521,248 2,294,95'I (2,125,238) 60,720 751,681
Total offunds 1,142,972 2,888,801 (2,661,143) 1,370,630

Summary offunds - current ye ar
Balance at
Balance at 1 Transfers 31 March
April 2022f Income
K		 Expenditure
f		 in/outf 2023
K
Designated funds 678,424 (71,413) 718,697 1,325,708
General funds (59,475) 1,218,479 (567,835) (763,235) (172,066)
Restricted funds 751,681 2,329,743 (2,168,823) 44,538 957,139
1,370,630 3,548,222 (2,808,071) 2,110,781
Summary offunds - prior year
Balance at
Balance at Transfers 31March
1 April 2021f Income
f		 Expenditure
f		 in/outf 2022f
Designated funds 699,745 (35,121) 13,800 678,424
General funds (75,021) 593,850 (500,784) (74,520) (59,475)
Restricted funds 521,248 2,294, 95'I (2,125,238) 60,720 751,581
1,142,972 2,888,801 (2,651,143) 1,370,530

Analysis ofnet assets between funds - current year
Restricted Unrestricted Total
funds funds funds
2023
f		 2023
f		 2023f
Tangible fixed assets 1,150,705 1,150,708
Current assets 957,139 322,557 1,279,696
Creditors due within one year (297,395) (297,395)
Creditors due in more than one year (22,228) (22,228)
Total 957,139 1,153,642 2,110,781

Analysis ofn et assets between funds - prior ye ar
Restricted Unrestricted Total
funds funds funds
2022 2022f 2022f
Tangible fixed assets 503,424 503,424
Current assets 751,681 485,395 1,238,076
Creditors due within one year (339,349) (339,349)
Creditors due in more than one year (31,521) (31,521)
Total 751,S81 618,949 1,370,630

Group Group
2023f 2022f
Net income for the year (as per Statement ofFinancial Activities) 740,151 227,658
Adjustments
for:
Depreciation charges 62,978 33,452
Dividends, interests and rents from investments (2,107) (4,565)
Loss on the sale of fixed assets 2,909 1,457
Decrease
in stocks		 658 6,891
Increase
in		 debtors (257,120) (8,778)
Increase/(decrease) in creditors (41,954) 87,008
Gift in kind - transfer ofproperty from LuBYA (683,000)
Net cash provided byl(used in) operating activities (177,485) 343,133

Group Group
2023
6		 2022f
Cash in hand 619,499 835,340
Total cash and cash equivalents 619,499 835,340

At 1 April At 31 March
2022 Cash flows 2023f
Cash at bank and in hand 835,340 (215,841) 619,499
Debt due within 1 year (9,600) (9,600)
Debt due after 1 year (31,521) 9,293 (22,228)
Liquid investments 85,000 999 85,999
879,219 (205,549) 673,670

Group Group Charity Charity
2023f 2022f 2023f 2022f
Not later than 1 year 14,352 'I7,534 14,352 'I7,534
Later than 1 year and not later than 5years 47,840 28,704 47,840 28,704
Later than 5 years 2,392 2,392
62,192 48,630 62,192 48,630
Group Gmup Charity Charity
2023f 2022f 2023f 2022f
Operating lease rentals 54,384 43,432 54,384 43,432
Changes in lease payments arising from
COVID-19 related rent concessions 3,400 3,400