THE BASEMENT
ADVISORY CENTRE
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2025
Company Registration No. 03642747
Charity Registration No. 1075052

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The trustees are pleased to present their annual report for the year ended 31 St March 2025.
The financial statements comply with the Charities Act 2011, Companies Act 2006, Accounting
and Reporting by Charities., Statement of Recommended Practice {SORP 2019) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) effective from 1st January 2019.
OBJECTIVES AND ACTIVITIES
The charity's objects are to provide a Drop In Centre, to relieve human suffering, hardship and
distress amongst homeless people irrespective of colour, creed or class and for the following
purposes:_
1) To educate the public conceming the nature. cause and effects of homelessness,
human suffering, poverty and distress.
2) To issue appeals, hold public meetings and take such proper steps as may be required
for the purpose of promoting and publicising the objects of the charity and procuring
contributions to its funds in the form of donations. subscriptions and Othe￿iSe.
3) To communicate and co-operate with govemment and authorities, national, local or
otherwise and to obtain from such bodies any rights. privileges and concessions for the
attainment of the charity's objects.
We have referred to the guidano contained in the Charity Commission's general guidance on
public benefit when reviewing our aims and objectives and in planning future activities. In
particular, the trustees consider how planned activities will contribute to the aims and
objectives they have set.
ACHIEVEMENTS AND PERFORMANCE
The charity continues to reach out and respond to the needs of the homeless, who are
amongst the most socially excluded and marginalised people in society. On the basis of
empowerment, the charity advocates for the rights of our sep4ice users and acts as a catalyst
for change in an environment that provides a psychologically informed and planned
environment.
The charity ensures that seDiice users aC￿sS the optimum support by working in partnership
with other relevant agencies.
The strategies employed to achieve the charitys objectives are to;
Remove barriers SO the socially exduded can access the ServI￿S they need.
Provide coaching to service users who request it.
Provide seNices in The Basement for service users to access.
Provide a drop in lounge for Servi￿ user respite and access to support
Provide kitchen facilities so that Servi￿ users may prepare a meal for themselves.
Provide shower and laundry facilities to rough sleepers.
Fundraising Activities
The statement of financial activities gives details of income and expenditure for this year.
The Basement continues to source funding from grant making trusts in order to develop and
enhan￿ the services currently available to service users.

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
ST
FINANCIAL REVIEW
Total income for the year was £40,071 (2024: £25,939) of which £30,250 (2024: £10,500)
r8lated to funding for projects upon which restrictions are placed.
Total expenditure for the year was £29,831 (2024: £72,341) leaving a surplus for the year of
£10,240 (2024: deficit £46,402).
At 31st March 2025 the charitable company's reserves stood at £22,719 (2024: £12,479) of
which £24,934 (2024: £64) represented restricted funds.
Rlsk Management
The main risks to which the charity is exposed as identified by the Trustees have been
considered and systems have been established to mitigate those risks.
Reserves Policy
It is the policy of the charitable company to maintain unrestricted funds. a level that covers
redundancy provision and allows the chaiity to continue its activities for three months should
no further funding be received.
As at the end of the financial year the unrestricted funds totalled a deficit £2,215. The
charitable company requires a provision of £6,113 for three month's running costs & £1,397
redundancy costs (Total £7,510)
The trustees plans to increase the unrestricted reserves through rental income, donations and
unrestricted grants to cover core costs.
Investment Policy and Objectives
The trustees have the power to invest monies of the scheme, not immediately required for its
purpose, in or upon such investments, securities or properties as may be thought fit, subject to
such conditions (if any) as may for the time being imposed or required by law.
PLANS FOR FUTURE
As well as continuing to Sour￿ income from grants and donors. the charity is seeking a
replacement tenant in order to provide rental income to increase its reserves. Whilst the charity
has made numerous attempts in the preceding years to increase unrestricted funding it has
seen a decline in numbers using the service and in available funding streams.
The Trustees are in discussions with training providers and new funders to provide a project
which focusses on supporting our service users as well as prison leavers and those vulnerable
housed to be employment ready.
To make a move away from reliance on benefits and into independence. This new project will
require some changes to the building to enable the charity to focus on one-to-one support,
interview technlques, and spa￿S for training to take pla￿. Using the Mindful Coaching
Program the charity would support people to be confident to embark on training and would
support and encourage people through training and eventually into employment.

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
ST
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Basement Advisory Centre is a charitable company limited by guarantee (registered in
England and Wales, No. 03642747) incorporated on 1 St October 1998 and having registered as
a charity (number 1075052) on 12th April 1999.
The company was established under a Memorandum of Association which established the
objects and powers of the company and is govemed by its Articles of Association. Th8
Memorandum and Articles of Association were amended by Special Resolution on 281h
January 1999.
Governing document
The Charitable Company is administered by a board of trustees. The board meets monthly and
th8r8 are sub-committees covering personnel, fundraising and finance. A Business
Development Director is appointed by the trustees to manage the day-to-day operations of the
charity. To facilitate effective operations, the Business Development Director has delegated
authority, within the terms of delegation approved by the trustees, for operational matters
including finance, employment and development of the project.
Trustees. induction and training
A skills audtt ensures that recruitment of board members is targeted at people with skills
relevant to the charity. New trustees undergo an orientation day to brief them on their legal
obligations under charity and company law, the content of the Memorandum and Articles of
Association, the committee and decision-making pro￿sses, the business plan and recent
financial Performan￿ of the charity. During the induction day they meet key employees and
other trustees. Trustees are encouraged to attend appropriate external training events where
these will facilitste the undertaking of their role.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Basement Advisory Centre
03642747
Company Number
Charity Number
Registered Office
1075052
56 - 60 Parr Street
Liverpool, Merseyside L14JN
The Board of Trustees are also its Directors. Members are elected
by the Annual General Meeting of the members of the council in
accordance with the Articles of Association.
Board of Trustees
Trustees
W R Christopher
T Kenward
D Lewis
G Monaghan
K Moores
Company Secretsry
G Monaghan

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
ST
Independent Examiner
Mrs Ying Huang, ACCA.
LCVS,
151 Dale Street, Liverpool L2 2AH
HSBC Bank
99-101
Lord Street. Liverpool, Merseyside, L2 6PG
Bankers
Signad on
If of the Board of Trustees
.15& .￿e.￿rnI52( 2025
Date
D Lewis. Trustee

THE BASEMENT ADVISORY CENTRE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company as at the
balance sheet date and of its incoming resources and application of resources, including
income and expenditure, for the financial year. In preparing those financial statements, the
trustees should follow best practice and:
select suitable accounting policies and then apply them consistently;
observe the methods and principle in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the company will continue as a going concem;
state whether applicable accounting standards have been followed, subject to any material
departure disclosed and explained in the financial statements.
The Trustees are responsibl8 for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other i￿egUlar1ties.
This report has been prepared in accordance with the Chartties Act 2011, Companies Act
2006, Accounting and Reporting by Charities," Statement of Recommended Practice (SORP
2015) applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS102) effective from 1st
January 2019.
Signed on behalf of the Board of Trustees
D Lewis
Trustee
56 - 60 Parr Street
Liverpool
Merseyside
L14JN
Date:

Docusign Envelope ID.. FF109A7C-B09742C>A22A-EA52865DD6FA
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BASEMENT ADVISORY CENTRE
I report on the accounts of the charitable company for the year ended
31st March 2025, which are set out on pages 7 to 17.
The Irustees (who are also the directors of the company for the
purposes of company law) are responsible for the preparation of the
accounts. The trustees consider that an audit is not required for this
year under section 144{2) of the Charities Act 2011 (the 2011 Act) and
that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to follow the prO￿dureS laid down in the general Directions given
by the Charity Commission (under section 145(5)(b) of the 2011
Act, and
to state whether particular matters have come to my attentton.
My examination was carried out in accordan￿ with general Directions
given by the Charity Commission. An examination includes a review of
the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking
explanations from the trustees concerning any such matters. The
procedures undertaken do not provide all the evidence that would be
required in an audi( and consequent5y no opinion is given as to whether
Ihe accounts present a 'ltue and fairf view and the report is limited to
those matters set out in the statement below.
Res
ective
res
onsibilities of
trustees and
examiner
Basis of
inde
endent
examinerfs
statement
Inde
endent
examineffs
statement
In connection with my examination, no matter has come to my attention:
(1) whlch gives me reasonable cause to believe that in, any material
respect, the requirements:
to keep accounting records in accordance with section 386 of
the Companies Act 2006. and
to prepare accounts which accord with the accounting records
and comply with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practice: Accounting and
Reporting Charities
have not been met. or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Name: Mrs YSng Huang
Relevant professional qualification or body: ACCA
Address, Glo LCVS.151 Dale Street, Liverpool, L2 2AH
Dated:
DF051AE92EBD4BO..
16 December 2025

THE BASEMENT ADVISORY CENTRE
STATEMENT OF FINANCIALACTIVITIES (INCLUDING INCOME & EXPENDITURE)
FOR THE YEAR ENDED 31ST MARCH 2025
Notes Unrestricted Restricted
Funds
Funds
2025
2025
Totals
Totals
2025
2024
Income and endowments from:
Donations and legacies
Charitable activities
Oth8r trading activities
3a
3b
3c
9,821
9,821
30,250
1,140
14,090
10,709
30,250
Total income
9.821
30,250
40.071
25.939
Expenditure on:
Charitable Activiti8S
24,451
5,380
29,831
72,341
Totsl expenditure
24.451
5.380
29.831
72.341
Net (expenditure)lincome, net
movement in funds
(14,630)
24.870
10.240
(46,402)
Total funds brought forward
12,415
12,479
58,881
Total funds carried forward
8-10
{2,215)
24,934
22,719
12,479
The notes on pages 9 to 17 fomi part of these accounts. All the above amounts relate to
continuing activities of the charitable company.
The statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act.

THE BASEMENT ADVISORY CENTRE
BALANCE SHEET AS AT 31ST MARCH 2024
COMPANY NO. 03642747
Notes
31sI March 2025
3151 March 2024
Fixed Assets
Tangible fixed assets
146
194
Current assets
Debtors
Cash at bank and in hand
115
24,729
15,245
24,844
15,245
Current liabilltles
Creditors: amounts falling
due within one year
(2,271)
(2,960)
Net current assets
22,573
12,285
Total assets less current
Ilabilitles
22,719
12,479
Funds:
Unrestricted funds
Restricted funds
(2,215)
24,934
12,415
8,10
22,719
12,479
These financial statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102).
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the small companies. regime and in accordance with FRS102 SORP.
For the period covered by these accounts the company was entitled to exemption under
section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accoTdance with section 476 of the Companies Act 2006.
The trustees, who are the directors of the company, acknowledge their responsibility for
complying with the requirements of the Act with respect to accounting records and the
preparation of financial statements.
15- IL_ Loz
Signed on behalf of the Board of Trustees on ..................................
D Lewis - Trustee

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
1. Llmlted Liability
The charity is a company limited by guarantee. Each member's liability is limited to £10.
2. Accounting Policies
Basis of accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note{s) to
these accounts. The financial statements have been prepared in accoTdance with the
Statement of Recommended Practice: Accounting arKI Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS102) effective from 1st January 2019 and Charities Act 2011
and the Companies Act 2006.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the near8st £.
The Charity has taken advantage of the provisions in the SORP for Charities applying
FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that
the Charitable Company have plans in place to increase the unrestricted reseNes to the
required level to continue in operational existence for the foreseeable fvture. The
Trustees have therefore adopted the going concem basis of accounting in preparing the
accounts.
Fund accounting
Unrestricted funds are the charity's flee reserves available for the trustees to apply in
accordance with the charitable CoMpan￿S charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes
is charged to the fund.
Income recognition
All income is recognised once the charity has entitlement to the income, there is
sufficient certainty of receipt and so it is probable that th8 income will be received, and
the amount of income receivable can be measured reliably.
Donations and legacies comprise of donations and general grants which are recognised
in the accounts when received. with the exception of known legacies which are
accounted for when their receipt is certain.
Income from charitable activities is recognised on an accruals basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confimied by the donor.
Income from other trading activities relates to rental income and is recognised when the
amount is certain.

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charitable company to that expenditure. it is probable that settlement will be required
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses. induding support
costs and governance costs, are allocated or apportioned to the applicable expenditure
headings in the Ststement of Financial Activities. Support and govemance costs are
applied to unrestricted funds unless specific2lly included in the restrictions, as specified
by the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of
direct charitable expenditure to meet the objectives of the charitable company. Support
and governance costs relate to the management and operation of the organisation and
also compliance with constitulional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when payment has
been approved by the charitable company.
Fixed Assets
Capital expenditure over £250 is stated in the balance sheet at cost less
accumulated
depreciation. Depreciation is provided to write off the cost of each asset over its
expected useful lrfe as below:
Fixtures, Fittings & Equipment
Improvements to Leasehold Property
Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
25 /0 per annum reduoirYJ balance basis
straight line basis over 3 years
Financial Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial
Instruments. and Section 12 '0ther Financial Instnjments 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 recognised amounts
and there is an intention to settle on a net basis or to realise the asset and settle the
liability simultaneously.
Basic financial assets
Basic financial assets, whith include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried
at amortised cost using the effective interest method unless the arrangement constitutes
a financing transaction, where the transaction is measured at the present value of th8
future receipts discounted at a market rate of interest. Financial assets dassified as
receivable within one year are not amortised.
10-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where th8
debt instrument is measured at the present value of the future re￿IptS discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or cancelled.
Taxation
Income and gains are exempt from taxation as they are received and applied for
charitable purposes only. The charitable company benefrts from various exemptions from
taxation afforded by tax legislation and are not liable to corporation tax on income or
gains falling within those exemptions.
Critical accounting estimates and Judgements
In the application of the chaiity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and
liabilities thal 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 estimat8S.
The estimates and underlying assumptions are reviewed on an on-going basis.
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 cu￿ent and future periods.
3. Income and endowments from
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Donations and legacies
Donations
General grants
4.226
5.595
4,226
5,595
1,140
9.821
9.821
Donations and legacies income for year end 2024 related wholly to unrestricted fund.

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
b. Charitable activities
Asda Foundation
Liverpool City Council -
Community Resource Grant
Room Hire
25,000
5,250
25,000
5,250
10,500
3,590
30.250
30,250
14,090
Income from charitable activities for year end 2024 comprised £3,590 for unrestricted
funds and £10,500 relates to restricted funds.
c. Other tradlng activities
Rental income
10,709
Other trading activities income for year end 2024 related wholly to unrestricted fund.
4. Expendlture on Charitable Activities
Direct Support &
Charitable Governance
Expenditure
Costs
Total Total
2025
2024
To educate the public conceming
the nature, case and effects of
homelessness, human suffering,
poverty and distress.
22,818
7.013 29,831 72,341
. Analysed as follows:
2025
2024
Direct charitable expenditure..
Staff salary costs
Pension
Building Running costs
14,822
237
7.759
36,800
730
24,459
22,818
61,989
12-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
Support & Govemance costs."
Office costs
Travel expenses
Insurance
Refreshments
Subscriptions and memberships
Legal and professional fees
DBS fees
Bank charges
Payroll fees
Accountancy
Loss on Disposal of fixed assets
Depreciation
3.847
5,886
58
1,452
681
251
49
16
61
540
1,265
29
1,295
29
251
62
638
809
7,013
10,352
Total expenditure on charitable activities
29,831
72,341
£5,380 (2024: £10,450) of the above expenditure relates to restricted funding.
b. Analysis of staff costs
2025
2024
Gross Wages
Social Security Costs
Pension
14,822
36,800
237
730
Total
15.059
37,530
c. Particulars of employees:
The average number of employees during the year 1.08 (2024: 2), and calculated on the
basis of full-time equivalents, was as follows:
2025
2024
Charitable activities staff
No employee received emoluments of more than £60,000 during the year (2024: Nil)
The Trustees, being also directors, are not remunerated for their services and are not
included in the above number of employees.
There are no out-of-pocket expenses were reimbursed to trustees in the year (2024: £nil)
13

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
5. Tangible fixed assets
Fixtures,
Fittings &
Equipment
Improvements
to Leasehold
Property
Total
Cost
Balan￿ at 1st April 2024
Additions
37,239
282,194
319,433
Balance at 31st March 2025
37,239
282,194
319,433
Accumulated Depreciation
Balance at 1 ￿ April 2024
Charge for the year
37.045
48
282,194
319,239
48
Balance at 31sI March 2025
37,093
282.194
319,287
Net Book Value at 31st March 2025
146
146
Net Book Value at 31st March 2024
194
194
A deed of assignment of beneficial interest dated 29th January 2016 has been declared
stating a one third ownership of 56 - 60 pa￿ Street Liverpool. Valuation of which cannot
be ascertained.
6. Debtors
2025
2024
Prepayments
115
7. Creditors: amounts falling due within one year:
2025
2024
Accruals
Social Security costs
Pension
2,199
28
44
2,507
311
142
2.271
2,960
14-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
8. Analysls of net assets
2025
Tangible Fixed
Assets
Net Current
Assets
Total
Unrestricted Funds
General Fund
146
(2.361)
(2,215)
Restricted Funds
Asda Foundation
24,934
24,934
Total Funds
22,573
22,719
2024
Tangible Fixed Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
194
12,221
12,415
Restricted Funds
Liverpool City Council -
Community Resource Grant
64
Total Funds
194
12,285
12,479
9. Unrestricted Funds
Movements In the Year
Income Expenditure
2025
Reserves at
the beginning
of the year
Reserves
at the end
of the year
General Fund
12,415
9,821
{24,451)
(2,215)
Movements in the Year
Income Expenditure
2024
Reserves at
the beginning
of the year
Reserves
at the end
of the year
General Fund
58,867
15,439
(61,891)
12,415
General Fund is used to finance the charitable company's general activities as outlined in
the Trustees, Report.
15-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
10.Rostricted Funds
Movements in the Year
Income Expenditure Reserves at
the end of
the year
Reserves at
the beginning
of the year
2025
Asda Foundation
Liverpool City Council -
Community Resource
Grant
25,000
(66)
24,934
5,250
(5.314)
30,250
(5.380)
24,934
Movements in the Year
Income Expenditure Reserves at
the end of
the year
Reserves at
the beginning
of the year
2024
Liverpool City Council -
Community Resource
Grant
Steve Morgan Foundation
10,500
(10,443)
64
(7)
14
10,500
(10.450)
64
Description of Funds
These are monies given to the charitable company to be spent at the discretion of the
Board of Trustees for specific charitable PUTposes, as follows:
Asda Foundation
contribution towards supporting people into Education and
èrnployment.
Liverpool City Council Communlty Resource Grant - Contribution towards salaries
costs. Expenditure comprises
Steve Morgan Foundation - Contribution towards salary costs
11. Operating Lease Commitments
The lease of 56-60 Parr Street, Liverpool expired in October 2021. Currently is under
negotiation.
12. Related Party Transactions
There were no related party transactions during this or the previous year.
16-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
13. Contingent Liabilities
During the financial year there are no contingent liabilities at 31 St March 2025 (2024: nil).
14. Guarantee
As at 31 St March 2025, 5 members had given a guarantee of £10 each in the event of the
company winding-up. Total: £50 (2024: 5 members £50).
17