Company number'.03399617
Charity Number: 1064698
d SUPPory*
BACKUP
NORTH WEST
BACKUP North West
For Ihe year LndLd 31 Mai'LlI 2024

Backup North West
Flnancial Statements
For the Year Ended 31 March 2024
Contents
Page
Key Organisational Information
Annual Report of Trustees
2-15
Independent Auditors Report
16-19
Statement of Financial Activities
20
Balance Sheet
21
Statement of Cashflows
22
Notes to the Financial Statements
23-40

Backup North West
Key Organisational Information
For the Year Ended 31 March 2024
Company number
03399617
Charity number
1064698
Registered offiee and operational address
Bridgeman Hous¢, 77 Bridgeinan Street,
Bolton, BL3 6BY
Charity Trustees and Company Directors (as at 31" March 2024)
Dr Steve Sharples
Lisa Tulip (was CELarles)
Joan Wyatt
Paul Pritchard
Gail Hoiinslea
lan Bell
Maggie Bruce
David Morgan
Victoria Mail. (I'esigned 28 February 2024)
Mark Tui'nbull
Maura Jackson (resigned 15 December 202i)
Gabriell¢ Tuiton McBride (i'esigiied l May 2024)
Resma Patel (appointed l May 2024)
Cl)air
Vice Chair
Treasui'er
Seci'elary
Councillor E Mort is a Bolton MBC representatlve nominated to slt on the Board of Trustees.
No Trustees have held title to property belonging to the charity during the reporting period or at the date of
approval.
Key management
Personnel
Maura Jackson - Chief Executive
James Haigh- Director of Services
Paulette Campbell- Director of Business
Laura Pendlebury - Director of Income and Partnerships
Bankers
Co-operative Bank plc, l Balloon Street, Manchester
Solicitors
Aspinall & Co, 15 Wood Street, Bolton
Auditors
Barlow Andrews
78 Chorley New Road, Bolton

Backup North West
Annual Report of The Board of Trustees
For the Year Ended 31 March 2024
The Trustees present their report and the audited financial statements for the year ended 31st
March 2024. Included wlthln the Trustees, report Is the dlrectors, report as required by company
law.
Reference and adminlstratlve Informatlon set out on page I forms part of this report. The
financial statements comply with current statutory requirements, the memorandum and articles
of associatlon and the Statement of Recommended Practlce
Accounting and Reporting by
Charities: SORP applicable to charities preparing their accounts in accordance wlth FRS 102.
The Board of Trustees and Backup colleagues reviewed the long term buslness plan this year
2023 - 2026 and have 4 key areas identified as priority.."
l. Place
2. People
3, Partnershlps
4. Proflle
The overall alm of the organisatlon remains the same however we see our primary functlon to
support young people. We do this by addresslng Issues caused by homelessness and work to
stop repeat homelessness for young people by Intervening and supporting them into a positive
alternative. The objects of the charlty are to "relieve poverty and the distress causes
therebyi and in particular to provide single young people without settled housing
accommodation ("the client group") with short term accommodation and the help
educate and counsel such young people."
The main activltles Include:.
Provision and management of accommodation that is furnished and decorated,
Needs and risk assessment of all referrals received for supported accommodation.
Support planning and revlews. Thls Is also now for young people who are looked after but
may not be living In BACKUP services or be homeless.
Provlslon of slgnposting, advice, training and educatlon, group work, counselling, sport
and lelsure activities on a variety of matters.
Risk management.
Housing Management.
Coordinating and Ilalslng wlth other agencies across all sectors for the benefit of young
people.
Crlsls Interventlon, prevention and management.
Safeguardlng.
The new Business Plan 2023-2026 was launched in April 2023 and revised in Aprll 2024.

uppo*eT
ENDING YOUTH
HOMELESSNESS
BACKUP NORTH WEST
STRATEGY 2023- 2025
BACKUP
n. OUR ￿&51￿N
ymryiio
XPxII￿N¢E IT.
JUPPORIIID AND
' J*•tt
OUR VISION
OUR VA4UtS
W •BT

BACKUP belleves no young person should experlence homelessness. For the young people that
do, we alm to be an outstanding provider of high quality, holistic housing and support servlces.
BACKUP alms to prevent homelessness among 16
25 years olds by provlding supported
housing conslsting of furnished accommodation and tailored packages of support which Include
emotlonal and practlcal help with all areas of Independent Ilving.
Aims
To empower young people to live ind¢pendently in theAr community
To prevent repeat liomelessness and siistain tenan¢i¢s
To respond to emergiiig needs of young people
To enable young people to improve their social and economic welfare
Values
Respect
Honesty
Commilment
Empowerment
Empatliy
Resilience
Support kA"-
The Trustees review the alms, objectlves and activltles of the charity each year. This report looks
at what the charity has achieved and the outcomes of its work in the reporting period. The
Trustees report the success of each key actlvity and the benefits the charity has brought to those
groups of people that it Is set up to help. The review also helps the Trustees ensure the charity's
aims, objectives and actlvities remalned focused on its stated purposes.
The Trustees have referred to the guldance contalned in the Charity Commission's general
guidance on public benefit when reviewlng the charlty's aims and objettlves and in planning its
future actlvlties. In partlcular, the Trustees conslder how planned actlvltles will contribute to the
alms and objectives that have been set.
ni
Bolton Young Persons Housing Scheme was established In 1992 and changed its, name to
BACKUP North West In 2018.
BACKUP Is a company Ilmited by guarantee and a registered charity. The Memorandum and
Artlcles of Association were signed on 24 June 1997 and the company was incorporated on 7
th
July 1997. These were amended on 8 March 2018 to reflect the new charity name and artlcles.

All the Trustees slt as members of BACKUP Board. Bolton MBC nomlnates a Trustee to the
Board and currently this is Councillor Emily Mort. The Trustees meet every other month plus 2
to administer the charity (8 meetings per year). The CEO is appointed by the Board and is
responslble for the day to day operation of the charity. In 2015116 a sub group was
established to support financial matters and reports back to the Board quarterly. 3 board
members attend this along with the CEO and Director of Buslness. In 2023 an additional sub
group for people was established. They meet twice a year.
We recruit new Trustees who live, study or work In Boston, who share our aims and support the
work of the charity. Prospective Trustees go through a formal safer recrultment process and
provide references before a formal invitation is made for them to become a Trustee. The
prospective trustee attends 3 meetlngs before formally joinlng the Board and then this Is
confirmed at the next AGM. Induction training is avallable for all new Trustees and other training
Is available to all Trustees as required. In 2023 4 Trustees completed accredited Health and
Safety for Leaders trainlng. 6 Trustees and the CEO also competed accredited Safeguarding for
Leaders training. 4 Trustees also attended Trustee training through CVS.
The company was established under a memorandum of associatlon whlch established the objects
and powers of the charitable company and is governed under its articles of association.
Members of the charlty guarantee to contribute an amount not exceeding £1 to the assets of the
charity in the event of winding up. The total number of such guarantees at 3113/24 was 11. The
Trustees are members of the charity but thls entitles them only to voting rights, The Trustees
have no beneficial Interest In the charlty.
All Trustees glve their time voluntarily and recelve no benefits from the charity, unless otherwise
noted per note 12. Any expenses reclaimed from the charity are set out in note 12 to the
accounts.
Statement of responsibilities of the Trustees
The Trustees (who are also directors of Backup North West for the purposes of company law)
are responsible for preparlng the Trustees, annual report and the flnancial statements in
accordance with applicable law and Unlted Kingdom Accounting Standards (United Klngdom
Generally Accepted Accountlng Practice).
Company law requlres the Trustees to prepare flnanclal statements for each flnanclal year whlch
glve a true and fair view of the state of affairs of the charltable company and of the incoming
resources and application of resources, including the Income and expenditure, of the charitable
company for that period. In preparing these financial statements, the Trustees are requlred to..
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards and statements of recommended
practice have been followed, subject to any material departures disclosed and
explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in operation

The Trustees are responslble for keeplng proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charltable company and enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responslble
for safeguarding the assets of the charltable company and hence for taking reasonable steps for
the preventlon and detection of fraud and other irregularltles.
In so far as the Trustees are aware:
There is no relevant audit Informatlon of which the charltable company's audltors are
Ljnaware
The Trustees have taken all steps that they ought to have taken to make themselves aware
of any relevant audlt Information and to establish that the auditors are aware of that
information
The Trustees are responsible for the malntenance and integrity of the corporate and flnancial
information included on the charltable company's webslte. Legislation in the United Kingdom
governing the preparatlon and dissemination of financlal statements may dlffer from legislatlon
In other jurisdictions.
Related Parties
BACKUP has close working relationshlps wlth Bolton MBC across varlous departments.
Community Housing Services, Leavlng Care Team, Youth Offendlng Team, Councll Tax and
Housing Benefits, Commissioners for Adults, Commissioners for Children, Llcencing and Events
and more. Bolton MBC councll nominates an elected member annually as a Trustee to the
BACKUP Board.
Backup also works in partnershlp with Bolton at Home, Irwell Valley Homes, Mosscare St
Vincents, Places for People and Onward. We lease properties for our portfolios through those
reglstered providers. In terms of servlce dellvery, we have partnerships spannlng all sectors to
benefit young people. These include the NHS, specialist domestic abuse, substance misuse,
mental health and gambllng support services. A 32-year track record means we have long
establlshed referral protocols with educatlon providers, support services, housing providers
and agencies across the reglon.
Our operation is supported by a number of local and regional indivlduals, grant givers, trusts,
churches and buslnesses. These include National Lottery, Henry Smlth Charity, Bolton at
Home, Homeless Link, Greenalghs Craft Bakery, Nandos, Carrs Pasties, Warburtons Bakery
Ltd, Tesco and CVS. Bolton Fund. The full lists of funders, sponsors, donors and Guardians are
detailed in our annual report.
In order to achieve our alms and objectives we work and collaborate strategically with other
partners both locally and nationally. BACKUP are active members of the local Interagency
Forum worklng wlth local providers of homeless and support servlces to benefit the
organlsatlon and our clients and Bolton CVS. Nationally we are members of Homeless Link
Charity. We work alongside and are members of Institute of Directors, Greater Manchester
Chamber of Commerce and Foyer Federation.

w

Review of activities
Our objectives for this year were to..
l) Secure the latest BMBC contract for supported accommodation for young people,
2) Work towards the 4 elements of the Business Plan i.e. Profile, Place, Partnerships and
People,
3) Flnanclal stabllity for ongoing services includlng Increasing reserves,
4) Successfully complete Ofsted Reglstration and,
5) Continue to deliver high quality servlces to young people and to continuously develop as a
flrst class employer.
The young people are only defined by age, 16 - 25 years but no other characterlstlc other than
they are homeless or at risk of becoming homeless and are in insecure situations or are at risk.
In the main the young people require support around domestic abuse, addictions, self-harm,
exploitation, neglect, safeguarding, mental ill healthi poverty, lack of employment or education
and many more.
Key Challenges
It has been dlfflcult, but we have closed the gap in staff vacancies
High demands for bank workers to cover and overtlme as a result
Vacant Dlrector of Services role has left services "feellng" unsupported
Demand for servlces at an all-time high
Key Achievements
Securlng new BMBC contract
Great attendance and feedback from fundralslng events and AGM
Successful first year for Director of Income and Partnerships and Fundraising lead
Delivered excellent outcomes for young people
Exceptional year for The Van
Some of the maln Issues colleagues have supported young people with thls year have Included'.-
Doniestic Violence
Sexual exploitatlon
D¢btlFinances
Substance abuse
Relationship issues (familial and partners)
Education and (un)Employinent
Life skills
Emolional and Practical lielp
Suicide attempts
Self-harm
Mental 14ealth
Sexuality and gender identity
Unemployment, job readiness and mental health continue to be the largest growing areas of
work for BACKUP.

Services Available
BACKUP SERVICES
PrL)Secb.Ffont:D,Ok)r
gh
l..l and gr,oup
support
Off Site
Actlvitles
10
Accomp.anyl
Free.on slte
couns•lllng
sdp'i)orted"Lti'dgln'gs
Unlts- Lowfvedlu
ts. Medlu
Fr.ee laundry
services
BL4d9etlng.
Servlces
Redds Filace
Llfeski Ils
Tralnln
Exercise and
Leisure
Free
l.',iHalrcuts
fvèncy Food'parcels,,
'.Food Donatlons
Access to,Frep,I
Volunteerln9
o#portunltl¢s'#h
The Van
Travel Expenses
Extra 8olt On
support.from
Chances
BACKUP- Helplng young people to get
back up and stay back up.
ETE
Support
BACKUP North Wegt. hèlplno youhg people got
back upond slay back tjp
ts14cKV,V
io

Impact
Referrals have increased slgnlflcantly this year wlth 441 referrals recelved (291 last year)
whlch Is a 350/0 increase.
We accommodated 116 (163 last year) which is a drop of 290/0. This resulted in unprecedented
levels in our waltlng times and lists.
BACKUP 2023/24
Helplnu young people 10 9et bfj¢k vp and $toy bock up
441
1811/01_{I,'.I
800h
WHITE/BRIT15H
Undl$closed
. 5916 In
360/0
¢rg 16
Were 1
h•d/n
We conducte
22.100 111.
mevl
swe
55%:
AL
10/0
ough or had n
flxed abodo a
dellvere
food parc
YACXVP
gg¢kup Northwqlt. B[14g•man
The number of those referred that we were unable to asslst grew massively and for the flrst
time in hlstory our waiting list hlt 100 in September 2023 and reached 147 in March 2024.
Turnover is still slower for 3 reasons. l) Vold work and repairs taking much longer due to
difficulties and costs for landlords acquiring materlals and contractors. 2) Automatlc priority
status for rehousing on was withdrawn for Backup in 2022. Causing huge delays on
throughput. 3) The complexlty of issues faced by young people supported by Backup has
continued to increase. Growing numbers of mental health issuesi gender transitions, religious
and cultural factors, high risk domestic abuse and sexual exploitation and financial exploitation
continue. This means in order to support them effectively it takes longer.
Our aim is to increase the numbers of units we can deliver, even temporarily to accommodate
more young people. The delays caused by lack of prlority has shlfted slightly in our favour and
so we have seen some movement.
The same as last year we have had no evictlons, however 11 % were temporarily excluded due
to serlous breaches of occupancy conditions.
li

We meet our charitable objects by empowering young people, Increasing thelr confidence to
Ilve independently and be economically active. To this end we offer a variety of servlces
designed to meet the dlverse needs of young homeless people. These are,.
L()rt Hoiise
Project Froiit Duor
Redds Pl.iee
Supporte(l Lodgings
Outre¥ich
Llicigs Project
Ch.Inces
Outcomes
The overall outcome of work with young people has been amazing and the successes of young
people continue to be outstandlng and a credit to thelr resilience and strengths.
Backup retained a 72 % success rate for young people moving on Into their own stable
accommodation. A 150/0 reductlon on last year attributed to the factors listed above.
In addltion to this..
The Van has had its best year of trade.
We were glfted a legacy of £50,000 from the estate of a Mrs Sheila Halgh from Wlgan.
Raised the profile and made money through fundraising activities wlth successful Golf
Dayi Gala Ball and Ladles Lunch amongst other things.
We completed over 22,000 home visits.
We gave out 623 food parcels to prevent young people using food banks.
We had numerous positive and uplifting press releases locally.
The young people established and regularly attend the SHED, a young persons forum
used for decision maklng and consultation about Backup.
BACKUP 2023/24
Helplnv yovng people to qot buck up ond stoy back vp
141
18¥0
80%,
. Jslslri
HITE18RITI
ndl$¢lo$od
¢ro 16.&
72%
th￿r
61Oh
¢re 18
¥1
22,10ts:ijl;,
ducte
me vl$
nt
EM
LE
ept
ovgh or hod n
flxod abodo at
And
ellve
AcKup
bDckup t4JrThW•lt- Brld4*man
IT ll¢idQ•mpn Slrmt. tsolton. ?L540Y
T- m204 $301$5 E- Mall￿0¢￿v￿.(￿0rttV0￿g.u￿
12

Financial Review
We recelved our annual contract Income of £481,000 from Bolton MBC, other grants from Blo '_
Lottery, Henry Smlth, Garfield Weston as well as Indlvldual and personal donatlons and
fundraising. Thls year's fundralslng income has Increased as we have grown the team, resultlng
in £55,670 in fundraising.
Thls Includes the financlal support from our growing number of Guardians. A Guardlan is a local
buslness or Indlvidual who sponsors our organlsatlon for £500 a year to help dlrecily assist young
people experlenclng crlsls and hardshlp.
The organlsatlon Is monltored agalnst a varlety of contracts or grants with condltlonal targets
attached. Formal reports are submltted agalnst these elther quarterly or annually dependlng on
the funderlcommlssloner. Wlth the local authorlty contract we meet the contract and
monltorlng offlcer quarterly to go through the reports, In all reports thls year we have
exceeded contractual targets.
.'Due to demand voids have been low so Income across all servlces has been high.
Reserves Policy and risk management
We ended the year with a surplus of £270,698. This would have been hlgher but for an
adjustment in the Penslons deficit. Thls has been transferred into reserves in order to fulfil the
organlsatlons reserve policy. Our total reserves now amount to £690,931. Our free reserves
amount to £600,979, after accounting for £62,063 held In restricted funds and £27,889 tied up
in fixed assets.
Please refer to the Reserves Pollcy document, agreed at the board meetlng in January 2024, In
full to see a breakdown of winding up parts or all of the charity and what that would cost. This
Is based on financial commitments and contractual obllgations to colleagues, properties leased
and services delivered. The policy shows amounts required based on IOOO/o shut down or loss of
parts of the organisatlon. This policy Is reviewed annually in line with the Rlsk Register.
The Trustee Board examines the major financial and other rlsks that face BACKUP each year.
The charlty has developed systems to monltor and control these rlsks to mitlgate any Impact
that they may have on the Scheme in the future. Risks are managed and monltored at each
Board meeting. There Is a risk reglster which is revlewed annually.
The Trustees are confident that BACKUP is a golng concern and have future financlal projectlons
of at least 36 months.
Future Plans
In the next 12 months the alms include'.-
Acqulre new accommodation to act as Move ON options for yOLsng people who have
completed Backup placements.
Relocation of the Lucas Project into better premlses.
Become Ofsted registered for the servlces we dellver to U18s.
Build up our profile and expand partnershlps/networks.
Sustain all current service delivery.
Revlew and improve all quallty standards.
Improve access to services.
Recruit and retain the best people.
13

There are no plans to change the charlty objectives but simply to look at options of providing
more of the same outside of Bolton with some extras inside Bolton. Move on accommodation is
an Issue as stock Is depleted and demand outweighs demand nationally. Backup plan to explore
delivery of its own move on stock.
Remuneration Policy
BACKUP are a living wage employer. We are committed to paying our staff fairly. We had a pay
and grade review in 2021 and (re)assessments of all roles were undertaken agreeing skills,
knowledge and competencies reqLrlred for each role. The entire staff team are pald within a
transparent pay scale framework. This framework was completed by an external consultant and
discussed and accepted at Board wlthout the CEO being present. There has been no change to
this except a cost of Ilving increase.
Llnked to thls Is an appralsal and increment pollcy.
Publlc Benefit
All our actlvities are undertaken to further our charitable purpose for the public beneflt. We
focus on the provislon of accommodation and support for single, homeless young people. We
provlde 106 unlts of accommodation across the organisation. There are no rigld exclusions: we
conduct a risk assessment to ascertaln whether the service Is best sulted to a young person's
needs. There are no fees charged to the reciplents of thls service.
Fundraising Pollcy
BACKUP has a fundraislng policy whlch highlights the procedures and approaches we will and
won't take to raise funds. We are reglstered wlth the Fundlng Regulator.
FR
FUNDRAISING
REGULATOR
In 2023 we restructured the fundraising team to create a new Dlrector of Income and
Partnerships role who oversees income, grants, events and social enterprise. Alongslde a
fundralsing officer they manage charlty events, campaigns, promote the charlty at corporate
events and to support other people raising money with Ilterature, marketlng products etc.
We are GDPR compliant and only communicate our events and fundraising activities to those
who have agreed to remain on the circulation Ilsts and we advertlse on soclal medla.
Our policy is a non-aggressive approach. We will never use an outsource fundralslng to an
external company or use professional fundralsers, street based collectors or other to approach
any members of the public. Our approach also prevents any direct requests for money, the CRM
on whlch our supporters are registered sends out flyers and posters for events and newsletters
but never direct appeals for cash.
When plannlng events, we even conslder timlng so as not to appear to be asking the same people
for sponsorship or support. Those involved with fundraising meet monthly and dlscuss previous
and planned fundralsing activlty, promotlon and marketing. The reputation of the organlsation
is very important to us so we have opted for a lower number of high quality events and ensure
people who support those are valued and appreciated.
We prlde ourselves on an ethlcal and value based approach to fundralslng, we do not cold call,
we do not ask for repeated donations or support and every contact we have is done on a
consensual basis.
We have never recelved any complaints about our approach to fundralslng.
14

Audltors
Barlow Andrews Chartered Accountants were reappointed as the charitable company's audltors
during the year and have expressed their wlllingness to contlnue in that capacity.
Thls report has been prepared In accordance wlth the provislons applicable to companles subject
to the small companies, regime of the Companles Act 2006.
The Trustees, annual report has been approved by the Trustees on l October 2024 and slgned
on their behalf by
Jojn
yatt
Tr•asur•r and Trustee
15

Independent Auditorfs Report
To The Members of Backup North West
For the Year Ended 31 March 2024
Oplnlon
We have audited the financial statements of Backup North West for the year ended 31 March 2024 which
comprise the statement of financial activities, the balance sheet, statement of cash flows and notes to the
financial statements, including a summary of signlficant accounting policies. The financial reportins
framework that has been applied In their preparation is applicable law and United Klngdom Accountln8
Standards, including Flnanclal Reporting Standard 102, the Financial Reporting Standard appllcable In the UK
and Republlc of Ireland {United Kln8dom Generally Accepted Accountlng Practice).
In our opSnSon the flnanclal statements:
glve a true and falr vlew of the state of the charitable company's affalrs as at 31 March 2024 and of Its
incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requlrements of Companies Act 2006,
Basls of oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK} (ISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requlrements that are relevant to our audit of the financial
statements In the UK, includin8 the FRC'S Ethical Standard, and we have fulfilled our other ethlcal
responsibllities in accordance wlth these requirements. We belleve that the audit evldence we have obtalned
is sufficlent and appropriate to provide a basis for our oplnS0n.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the golng concern basls 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 charltable company's ability
to continue as a going concern for a period of at least twelve months from when the financial statements are
authorlsed for Issue.
Our responsibilities and responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other informatlon
The other informatlon comprises the informatlon included in the annual report, other than tho financlal
statements and our auditor's report thereon, The trustees are responsible for the other informatlon
contalned wlthin the annual report. Our oplnion 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.
16

Independent Auditorfs Report
To the Members of Backup North West (Contlnued)
For the Year Ended 31 March 2024
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 cou rse of 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 this gives rise to a material misstatement in
the financial statements themselves. If, based on the work we have performed, we conclude that there is
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinlon on other matter prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit:
the information given in the tru5tees' report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements, and
the directors. report included within the trustees, report has been prepared in accordance with
applicable legal requirements.
Matters on whlch we are required to report by exception
In light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors, report included within
the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or return5 adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees (who are also directors of
Backup North West for the purposes of company law} 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 charitable company'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 charitable company
or to cease operations, or have no realistic alternative but to do so.
17

Independent Auditorfs Report
To the Members of Backup North West (Continued)
For the Year Ended 31 March 2024
Auditor's responsibilities for the audlt 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 orerror, and to issue an auditor'5 reportthat 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. M isstatements can
arlse 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 wtth laws and regulations. We design
procedu res in line with our responsibilities, outlined above, to detect material misstatements in respect of
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:
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and regulations;
we identified the laws and regulations applicable to the charitable com pany through discussions with
trustees and other management, and from our commercial knowledge and experience of the charity
sector;
we focused on specific laws and regulations which we considered may have a direct material effect
on the financial statements or the operations of the charity, including the Companies Act 2006,
taxation legislation and employment legislation;
we assessed the extent of compliance with the laws and regulations identified abovethrough making
enquiries of management; and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable company's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
consldering the internal controls in place to mitigate risk5 of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or u nexpected relationships;
tested journal entrie5 to identify unusual transactions; and
assessed whetherjudgements and assumptions made in determining the accounting estimates were
indicative or potential bia5,
18

Independent Auditorfs Report
To the Members of Backup North West (Continued)
For the Year Ended 31 March 2024
In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance; and
enquiring of management as to actual a nd potential litigation and claims.
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 requ ired to identify non-compliance with
laws and regulations to enquiry of the directors 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 that 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.or
auditorsres
onsibillties. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit has been undertaken so that we might state to the charitable
company's members 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
thanthe charitable company and the members as a body, for ouraudit work, forthis report, orforthe opinion
we have formed,
David Kay FCA Isenior Statutory Audltor)
For and on behalf of Barlow Andrews LLP
Chartered Accountants and Statutory Auditors
Carlyle House, 78 Chorley New Road, Bolton
l October 2024
19

Backup North West
Statement of Financlal Activities (Includlng Income and Expenditure Account)
For the Year Ended 31 March 2024
Unrestrlrted Restricted
funds
funds
2024
2024
Total
funds
2024
Unrestricted Restrl¢ted
funds
funds
2023
2023
Total
funds
2023
Notes
Income from:
Donations and legacies
Charitable activities..
Homeless young people
support
81,004
81,004
76,435
76,435
3,147,058
213,310 3,360.368
2,933,370
186,891
3,120,261
Other trading activities
55.670
55,670
53,084
53,084
Investments
645
645
722
722
Total income
3,284,377
213,310
3,497,687
3,063,611
186,891
3,250,502
Expenditure on:
Raising funds
Charitable activities:
Homeless young people
support
29,216
29,216
30,069
30.069
2.968,728
205.668
3,174.396
3,012,184
171.632
3,183.816
Total expendlture
2,997,944
205.668
3,203.612
3,042,253
171,632
3,213,885
Net income before10sses
on dellned benefit penslon
scheme
io
286,433
7,642
294,075
21,358
15,259
36,617
Transfers between funds
11,4771
1,477
Actuarial losses on deflned
benefit pension scheme
123,3771
123,3771
121,5371
121,5371
Net movement In funds for
the year
261.579
9,119
270,698
{179
15,259
15,080
Fund balances brought
forward
Fund balances carried
forward
367.289
52,944
420,233
367,468
37,685
405,153
628.868
62,063
690,931
367,289
52,944
420,233
20

Backup North West
Balance Sheet
As at 31 March 2024
Notes
2024
2023
Flxed assets
TanBlble asset5
14
27,889
49,456
27,889
49,456
current assets
De.btors
Cash at bank and in hand
Is
16
515,172
376.138
233,038
494,088
Total current assets
891,310
727,126
Credltors.. Amounts falling due within one year
17
1152,2681
1285,3491
Net current assets
739,042
441,777
Credltors: Amount falling due after more than one year
Net a55ets ex¢ludlng dellned beneflt penslon Ilablllty
766,931
491,233
Defined benefit pension Ilability
18
176,000)
{71,000)
Total net assets
690,931
420.233
The funds of the charlty:
Restricted funds
Unrestricted funds
19
62,063
628,868
52,944
367,289
20
Total charlty funds
690,931
420,233
These accounts have been prepared in accordance wlth the speclal provlsions of Part 15 of the Companles Act relating
to small companies and constitute the annual accounts required by the Companies Act 2006 and ore for circulatlon to
members of the company.
The financlal Statements on pages 20 to 40 were approved by the Board of Trustees on l October 2024 and signed on
thp.lr bphalf by:
Joan
yatt (Trustee)
21

Backup North West
Statement of Cash Flows
For the Year Ended 31 March 2024
Notes
2024
2023
Cash flows fiom operatln8 actlvltles:
Net cash lused Inllgenerated by operating activities
23
1112,793)
187,372
Cash flows from Investlng actlvltles:
Interest from Investments
Purchase of tangible fixed assets
645
15,8021
722
126,866L
Cash used In Investlng actlvltles
15,1571
126.1441
IDecreasel/increase In cash and cash equivalents In the year
1117,9501
161,228
Cash and cash equlvalents at the beglnnlng of the year
494,088
332,860
Total eash and cash equlvalents at the end of the year
376,138
494,088
22

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
l. Accounting Policles
Charlty Information
Backup North West is a charitable company limited by guarantee, incorporated on 7 July 1997 in EnBland and
Wales. The registered office is Bridgeman House, 77 Bridgeman Street, Bolton.
a) Busls of occountlng
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 IFRS 1021 leffective l January 20191
and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
The account5 are prepared in sterling, which is the functional currency of the charlty. Monetary amounts in
these financial statements are rounded to the nearest £.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows..
b) Preporotion ofAinancialstatements on a going concern bosis
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. The trustees are not
aware of any material uncertainties which could impact the charitable company's ability to continue. Thus.
the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
c) Income
Income is recognised when the charlty has entitlement to the funds. any performance conditions attached to
the itemls) of income have been met, it 15 probable that the income will be received and the amount can be
measure reliably.
Accommodation income is recognised in relation to the period of rent. Income that is invoiced in advance or
arrears is apportioned so that only that relating to the period of the financial statements is included within
income.
Income from government and other grants, whether capital gain5 or revenue grants, is recognised when the
charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is
probable that the income will be received and the amount can be measured reliably and is not deferred.
Income from fundraising activities is recognised once the event has taken place and the monies have been
collected.
Income received in advance of a provision of a specified service is deferred until the criteria for income
recognition are met.
dl Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity,. this is normally upon notification of the interest paid or payable by the bank.
23

Backup North West
Notes to the Financlal Statements
For the Year Ended 31 March 2024
l. Accountlng Polices (contlnued)
el Fund accountlng
Unrestricted funds are avallable to spend on activities that further any of the purposes of charity.
Restricted fund5 are donations which the donor has specified are to be solely used for particular areas of the
charity's work or for specific projects being undertaken by the charity.
f) Expendlture
All expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all
costs related to that category. Expenditure 15 recognised once there is a legal or constructive obligation to
make a payment to a third party, it is probable that settlement will be required and the amount of the
obli8ation can be measured reliably.
Charitable expenditure comprises those costs directly incurred by the charity in the delivery to beneficiaries
of its core activities and services. including grants administration. The support costs associated with delivery
of these activities and services is also included.
Governance costs include those costs associated with meetlng the constitutional and statutory requirements
of the charity and include the audit fees and costs linked to the strategic management of the charity.
Support costs include those central functions which assist the work of the charity but do not directly undertake
charitable activities. They are allocated to the activity cost categories on bases consistent with the use of the
resources, as set out in note 9.
g) Allocutlon of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. Support costs include back office costs, finance, personnel, payroll and governance costs which
support the charitvs programmes and activities. The charity has only one material activity and therefore these
costs are not apportioned.
h) Operuting leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain
with the lessor. Rental charges are char8ed on a strai8ht-Ilne basis over the term of the lease.
l) Tongiblellxed 0s5ets
Individual a55ets which are expected to last more than 12 months are capitalised and included at cost.
Depreciation 15 provided to write off each asset over its estimated useful Ilfe, taking into account estimated
residual value, as follows..
Plant & machinery
Office equipment
Motor vehicle5
33% Straight line
33Yo Straight line
25% Reducing balance
J) Debtors
Trade and other debtors are recognised at the settlement amount due.
k) Cosh ot bonk and In hond
Cash at bank and in hand include5 cash and short term highly liquid bank deposlts.
24

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
l. Accounting Polices (continued)
11 Creditors undprovlslons
Creditors are recognised when the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due can be measured or estimated
reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts
due.
Deferred income is income which 15 included In the year in creditors or has been received into the bank, but
which relates to a subsequent period, such as a grant relating specifically to a future period, is recognised in
the Statement of Financial Activities of that period.
m) Financial Instruments
The charity has elected to apply the provisions of Section Il'Basic Financial Instruments, and Section 12'0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction
price and subsequently carried at amortised cost using the effective interest method. Financial assets classified
as receivable within one year are not amortised.
Basic financial liabilitles
Basic financial liabilities, which include trade and other creditor5. are initially recognised at transaction price
and subsequently measured at amortised cost using the effective interest method. Financial liabilities
classified as receivable within one year are not amortised.
n) Pensions
The Charity participates in the Social Housing Pension Scheme ISHPSI,. which is a multi-employer scheme,
which provides benefits to some 500 non-associated employers. It is run by The Pension Trust ITPTI.
The disclosures in the accounts follow the requirements of Section 28 of FRS102 in relation to multi-employer
funded schemes in which the Charity has a participating interest.
The schemes are classified as last man Standing arran8ements. Therefore, each employer is potentially liable
for other participating employers, obligations if those employers are unable to meet their share of the scheme
deficit following withdrawal from the scheme.
Participatin8 employers are legally required to meet thelr share of the scheme deficit on an annuity.
25

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
l. Accountlng Polices (continued)
o} Employee benefits
The costs of short-term employee benefits are recognised as a Ilability and an expense.
The cost of any unused hollday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
Key Judgements
In the application of the company's accountin8 policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimate5 and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
3. Income from donations and legacies
Unrestrltted
2024
Restricted
2024
Total
2024
Unrestricted
2023
Restrlcted
2023
Total
2023
Donations
31,004
50.000
31,004
50,000
76,435
76,435
Legacies
Total
81,004
81,004
76,435
76,435
26

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mm

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
Investment Income
All of the charity's Investment income arises from money held in Interest bearing deposit accounts.
All investment income is unrestricted.
Income from other tradlng activities
2024
2023
Fundraising events
55,670
53,084
55,670
53.084
All other income Is unrestricted.
Cost of ralslng funds
2024
2023
Fundraising costs
29,216
29.216
30,069
30,069
All expenditure on raising funds is unrestricted.
28

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
8. Analysis of expenditure on charitable activities
Homeless young
people support
Total
2024
Total
2023
Costs
Staff
1,789,033
3,359
1,789,033
3,359
33,863
10,835
157,084
176,894
124,696
87,461
45,949
1,819,299
2,867
33,596
36,441
Travel & subsistence
Training
Recruitment
33,863
10,835
157,084
Rent, rates & insurance
Housing rents & householder fees
Property maintenance
Light & heat
Resettlements/residents costs
172,013
153,205
107,086
73,064
49,676
176,894
124,696
87,461
45,949
Telephone, postage & stationery
Computer & software
Office & sundry
Professional fees
29,138
30,647
76,812
16,586
27,369
2,575
29,138
30,647
28,216
33,016
80,775
76,812
16,586
27,369
2,575
24,572
24,986
2,355
1,097
1,195
Depreciation
Bank charges
Social investment interest
1,539
88
1,539
88
Bad debts
2,613,928
2,613,928
2,643,459
Governance costs (see note 9}
Support costs (see note 91
92,073
92,073
88,026
452,331
468,395
3,174,396
468,395
3,174.396
3,183,816
2024
2023
Restricted expenditure
Unrestricted expenditure
205,668
171,632
2,968,728
3,174,396
3,012,184
3,183.816
29

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
9. Analysis of governance and support costs
Basls of
allocation
Support
2024
Governance
2024
Support
2023
Governance
2023
Staff costs
Time spent
Staff support
Support
Audit and accountancy fees
Governance
Trustee meetings and AGM costs Governance
442,672
25,723
434,644
17,687
82,388
9,685
79,683
8,343
468,395
92,073
452,331
88,026
10. Net income for the year
2024
2023
Net income forthe year is stated after charging:
Auditors, remuneration:
Audit fee
9,972
3,324
9,504
3,168
24,986
Accountancy
Depreciation
27,369
11. Analysls of staff costs, trustee expenses and key management
personnel remuneration
2024
2023
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Employer pension costs
1,989,715
2,002,492
187,429
64,022
178,615
63,375
2.231,705
2,253,943
Allocated as follows:
Charitable activities
1,789,033
442,672
1,819,299
434,644
Support costs
Governance costs
2,231,705
2,253.943
30

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
Staff costs (continued)
One employee received emoluments between £80,001 and £90,00012023: 1 between £70,001 and
£80,000),
The average number of staff employed during the period was 8112023: 821.
The key management personnel of the charity in 2024 comprise the trustees and senior
management team. The total employee benefits of the key management personnel of the charity
were £289,22612023: £225,769).
12.
Trustee remuneration and expenses, and related party transactions
Maura Jackson was a trustee of Backup North West during the year, and is also the Chief Executive
Officer of the organisation under a contract of employment. In her role as CEO, she received total
remuneration, including employer pension contributions, in the band between £60,001 and
£70,000 up until her resignation as a trustee on 15 December 2023. In the prior year she received
total remuneration, including employer pension contributions, in the band between £80,001 and
£90,000,
No trustees were reimbursed for travel or subsistence expenditure during the year12023: £Nill.
Due to the nature of the charity's transactions, there are numerous transactions with other
charities and organisations with which some of the trustees have an association. These are
undertaken on an arm'5 length basis, which the charity is able to demonstrate.
There have been no donations received from related parties which are outside the normal course
of business and no restricted donations from related parties.
No trustees or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity, including guarantees, du ring the year12023' Nill.
13.
Government grants
The government grants recognised in the accounts were as follows:
2024
2023
YPT local authority contract
481,000
481,000
471,067
471,067
There are no unfulfilled conditions and contingencies attaching to the grants.
31

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
14. Tanglble Flxed Assets
Plant &
Machinery
Motor
Vehicles
Computer
Equipment
Total
Cost
At l April 2023
Additions
111,216
2,791
20,274
69,648
3,011
201,138
5,802
At 31 March 2024
114,007
20,274
72,659
206,940
Depreciation
At l April 2023
Charge forthe year
87,926
10,703
13,859
1,604
49,897
15,062
151,682
27,369
At 31 March 2024
98.629
15,463
64,959
179,051
Net book value
At 31 March 2024
15,378
4,811
7,700
27,889
At l April 2023
23,290
6,415
19,751
49,456
15. Debtors
2024
2023
Trade debtors
376,747
138,425
104,762
Prepayments and accrued income
128,276
515,172
233,038
32

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
16. Cash at bank and in hand
2024
2023
Cash at bank and in hand
376,138
376,138
494,088
494,088
17. Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
22,350
77,403
40,746
11,769
21,459
172,431
64,283
16,904
10,272
285,349
Other creditors and accruals
Taxation and social security costs
Pension
Social Investment Loan
152,268
Included in other creditors and accruals is deferred income of £2,30012023 £29,105), being the
element of income received in the year for expenditure which wi51 occur in a later period.
33

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
18. Pension fund
The charlty provides pensions for employees through a scheme classified as a 'last man standing
arrangement,, which is administered by TPT Retirement Solutions. This means that the charity is potentially
liable for other participating employers, obligations if those employers are unable to meet their share of the
deficit following withdrawal from the scheme, Participating employers are legally required to meet their
share of the scheme deficit on an annuity purchase withdrawal from the scheme.
The major assumptions used by the actuary were:
2024
.% p.a.
2023
% p.a.
Discount rate
4.92
4.84
Inflation (RPII
Inflation ICPI}
Salary growth
Allowance for commutation of pension for cash at
retirement
3.11
3.17
2.79
2.79
3.79
3.79
75% of
maximum
allowance
75% of
maximum
allowance
Changes in the present value of the defined benefit obligation are as follows:
2024
2023
Defined benefit obligation at start of period
Expenses
401,000
603,000
2.000
2,000
Interest expense
Actuarial losses/lgain51 due to scheme experience
Actuarial gains due to changes in demographic assumptions
Actuarial gains due to changes in financial assumptions
Benefits paid and expenses
19,000
17,000
5.000
Iii,000}
14,0001
11,0001
1198.0001
16,0001
113,0001
Iii,0001
Defined benefit obli8ation at end of period
404,000
401.000
34

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
Pension fund (continued)
The fairvalues of the scheme assets and expected rates of return, the present value of the scheme liabilities
and the resulting deficit are..
31 March 2024
31 March 2023
£'ooo
£'ooo
Global equity
33
Absolute return
13
Distressed opportunities
12
io
Credit relative value
li
12
Alternative risk premia
Emerging markets debt
Risk sharin8
Insurance-linked securities
io
19
24
Property
13
14
Infrastructure
33
38
Private debt
13
15
Opportunistic illiquid credit
13
14
High yield
Cash
Long lease property
Secured income
io
io
15
Liability driven investment
Currency hedging
Net current assets
133
152
Total market value of assets
328
330
Present value of scheme liabilities
14041
14011
Defined benefit liability to be recognised
{76)
{71}
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Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
21. Analysis of net assets between funds
Current
ear
General funds
Restricted funds
Total
Tangible fixed assets
Net current assets
Defined benefit pension liability
27,889
676,979
{76,0001
27,889
739,042
176,0001
62,063
Total funds
628,868
62,063
690,931
Prevlous
ear
General funds
Restricted funds
Total
Tangible fixed assets
Net current assets
Defined benefit pension liability
49,456
388,833
171,000)
49,456
441,777
(71,000)
52,944
Total funds
367,289
52,944
420,233
22. Operating lease commltments
At the reporting end date the company had outstanding commitments forfuture minimum lease payments
under non-cancellable operating leases, which fall due as follows:
2024
2023
Within one year
Between two and five years
63,000
63,000
126,000
63,000
126,000
189,000
39

Backup North West
Notes to the Financial Statements
For the Year Ended 31 March 2024
23. Reconciliation of net expenditure to net cash flow from operating actlvltles
2024
2023
Net income for the year
270,698
15,080
Depreciation
27,369
24,986
Defined benefit pension adjustment
5,000
4,000
Interest from investments
{6451
17221
Ilncrea5el/decrease in debtors
{282,134)
60,113
{Decreasel/increase in creditors
1133,0811
83,915
Net cash (used in)/generated by operatlng activities
1112,7931
187,372
24. Analysis of changes in net debt
l April 2023
Cash flows
31 March 2024
Cash at bank and in hand
Borrowings excluding overdrafts
494,088
110,2721
1117,9501
10,272
376,138
483,816
{107,678)
376,138
40