Bedfordshire Opportunities for Learning Disabilities Ltd P4 company linifed by guaranlee) Comgany registrat￿ nuxber. 4327714 Charty ￿gist￿tion number." 1091271 Annual Report and Financial Slalements for the Year Ended 31 Oecember 2020 Bedfor(Lshire Opportunities for Learning Disabilities Ltd Contents Reference 8nd AdmInistr￿1¥e Ddails Trnst¢¢s' Rtyon 2to6 Indet*ndent Ex&nin&$ Report Ststement of FTrnancio1 Activjti¢s 8t09 Ba]ance Sheet io Note5 to t￿ Financi￿ StsteM￿ls li to23 *A4JK77NU' 17112r2021 COMPANIES HOUSE *A4iZVZ2Z' 09112r2021 COMPANIES HOUSE A19 #122 Bedfontshire Oppfyrtwnities for IArnillg Disabilities Ltd Refer¢n¢e Administrntive Details Registered & Prilltipxl OtrKe 106 Clapham Road Bedford Be4foTdshire MX417JP Charity Regi5tr#tion Number 1091271 Company Registration Nurnber This charity is inWTPOrnted in Erbgland and Wale5 with regIStr￿10n number043277I4. Executive Committee Veroruca Scar8ill. Vice Chaiwn. Alan Neaie. Vice Chairper50n j￿Allne Middlditch, Secrctary Janet Scott• No￿a Hoyle Keith Fo#eT' Pefrr Hollick JP. LL.B. Barrister Fcoirr Appointed If004f2020 Peter Wilson D8vid caV•na8￿ Tr¢A9￿c Joy CavanaEh Angela Barker. Jane Reddy. G￿1 Carr G&ynor Mil¢s ApFQtnted 16104r2020 Resi￿￿ 20107r202J Resi￿ed 1510512020 ReSig￿d 1510512020 R¢signed 21101Q020 Resigned 1510512020 R￿gned 2110212020 R¢sign¢d 2WO512020 parenl of a ￿T9)n with a le4rnin8 disability Sttretsry JfrAnne Mddleditrh CEO (Person wlth signif￿nt Control) Sharon Hart Independent Ex•mintr & Accountsnts Dcnnis O'Higgin5 {lDdynd¢ni ExatJJin¢r) DT Associa￿ LLP Va Flo¢k Choxity Affountsnts 27 Old Gloucester Street Lond WCIN 3AX B*nktn CatBartk Ltsi Kings Hill Wtst Malling K¢nt ME194TA Bedford$hir¢ OpportUDities for Learning Disabilities Ltd Report of tbe Executive Committee for th¢ Year Ended 31 December 2020 The trustees, who ar¢ dire¢tors for the purpose5 of company law, pr¢wt ttp)rt for the year ended 31 DecembcT 2020. in compliance with 5414C of the CompApies Act 2￿6. IntroduttioA In accordanw with Govtmmtnt Guidancc the Charity was £105¢d from 23rd Matth 2020 4nd Teopened on 28th SWemb¢r 2020. Jn adhtTing to GoverJJtTreDt and LxKal Atsthoriry and He8]th Protection inslruaion there i$ #Th ongoirtg impart on our prov15ion and th¢ ran8e of exFrie￿¢S and 50ci81 actiViii¢5 that 3TE avail8ble (o peopl¥. Set oul jrt the following page5 is an overyiew of o)Ntt¢rs ¢msidued ty the Board of Dtrtttors for the Y￿ ¢ndd 31 December 2020. This rep)rt detsils some further Conside￿i0￿5 Ltl the sinec 23id Marrh 2020 to identify how the interests of the Charity and our ben¢ficiarbe5 have b¢¢n addressa nj Board dtseussions and decision5 taken. These have b¢¢n m•de in cooperation with Regtslxti0rt5 arising from the Glo￿1 Papd￿1¢ arNJ Govryn￿KnI lrnp0s￿ Gov¢nJingDo¢umtttt Bedford5hire OpFOrtunitics for Larning Oiybilrtits fthe dwity'l rs a charitablc compaTry lirnitcd by gu8rnntr£, incortK>rat¢d on 23rd November 2LKII and regisweo 85 a (harny on 21st TrAaTth 2(KJ2. The comp2ny was tstabli5hed under a M¢moT&ndunJ of A$s(KtatiO￿ whidj out the objects and p)wers of the company and i5 8ovcnJed undcr its AEtitles of Association. In the ¢vent of the ¢omwy being wound m¢mbtt5 art required to contributt an amount not cxcttding £1. Retruitment aDd Appointme•t of Exetylive Co•MItt Th¢ dtrertots of the comwy are 8150 charity trJ2stre5 for the purposes of tharbty l•w a]hJ under the Company's Articles are 8s m¢mb¢rs of the EK¢eubve Committee. Under the requirernents of the Memornndwn and Arti¢le5 of Associ￿l0J) the Mem1￿ of the Executive Cofflrnirtee are elcctcd to 5¢ryc on an xnnual basi* may offer themselves for re-election at each Anftua] Generdl Mtttirtg. As the ¢haTity'5 work f(btV5¢5 on supwrting people with le8MinE dis8bilitie& the Exetsjtive Committee Seeks th ensure th&t the partirulgr needs of thi$ group of wple are eaiered for in the composition of the tnw brvjy. Many of the ￿J5t¢C5 xrc th¢m5¢1v¢s FAT¢nts of a r The adi¥ity holid&ys #nd ￿131 clubs which were suspendol for the duration of the lockdown did not resume until summer 2021. We havE follow￿ the guidaJK¢ c4)nttined in the Charity Commission's Berthl guidance on pjblic benefii when reviewing our aims and objectives and ID plwjning our activitie5 we review￿ our Poli¢y And rng¢m¢nts for ¥oluni¢¢riii& 10 support arTaDg¢tn¢nts in plac¢ to thable *ldition41 wiai activLU¢s to be organised. How our A¢tiYitie5 deliver publi¢ bellefit AII OUT charitable activitits focus on working with rwle with learning disabiliiie5 providing them with tk tools they need to encourage involvetrKnt within th¢ ¢ommunity by providing lifr skills and working OPW>Tttthities. Social Isolatiot) is rninimised for the pcople we support. Our athiyitiC5 ajso ttD¢fii fomilie5 by offeriThg Tespitc. COVID19 changed cv¢rythin8 for everyone atKI disprotrf)rtionatcly tryjpactrd on the lived exp¢rieD¢¢ of w>ple with L*ning Disabilities kd inc¥￿ed so¢iaJ 2solaliot4 Fx)orer menta] health and seneral health oui¢omes and experience5 and the 105s ofiive5. We plannd to stsrt work on our nEW extension which would offer a wider community bertefit however duc to the economic u[￿r&Inty SUSPts)d¢d the activity r*cessary to do so. Acbieverne•ts @Nd Perform*ntt We have not pmgressed planned howEver it 15 8 Si￿]ficant achiev¢Tt*nt that servi¢e5 WCTe preserved and able to resume at the e8rlie5t opportunity each time ￿trICtIonS wcre l¢ssth*t We know what we woni to &chieve 8nd have adap*d IK>w we rnea w objeaive5 in IiDe with he4]th PTOtedion guidanc¢ othd people have reDJrned with tru51 and ¢onfJdence in th¢ arn8em¢nts ¢0 k¢¢p everyon¢ 59fc. BOLD is totally ¢otnmitted support p¢opl¢ with l¢¥rning disabilities ènd to 3SSiSt and encout8ge them to realist their ￿tential. In particular. thc charity Slriv¢s to help proj¢d members acquire ind¢pertdent living skills through a]1 thc Servic￿ w¢ offcr. Thc work ￿P¢￿enCe part of thc ¢hariW5 a¢tivities has changed and wher¢ it th)t be￿ p)ssibbc to e&ttblish new or continue our Garden￿8 contracts the ¢xperienc¢ ha5 been offcrtd through the Work done in deveJopiDg a Nursery for pl•nts and produce. This provides a widc range of gardening &nd hortrcultsJrnF eKwren¢¢s ortd skrlls 8JXt wrll l& io tim¢ kn sales of plants and prtrJuc¢ and pre5cryes grown and by ￿pIe offered for s8]¢ by BOLD to tske a￿Y or consume in the Tea R￿rn. The Tea R￿Tll 15 a 21121 venture Is the potential to opera* th¢ Café has impact&1 ot) by the restriction& and ihc op4ning of Charles Wells BrewtKTriot Tapwom and Café nearby. The Tea rwm and craft shop continue ￿ offer p¢opl¢ th¢ oppojwnity ￿ develop skills in ho¥itslity and customer s¢ryi¢ Training Thc traitLing and indepEndent living programmes offer ￿MpUtt￿8 skill¥ lift skills social skill4 and these wornes ¢ontinu4 brin8ing 5i8nificani benefits to the pcople pajticipating in them. During 2020 we ¢ontinua to focus on ptssonaj dcvcloprnent and pcrsonaj *pptar8ftce and hygierte and 5afay an emph&8i5 011 re4ucinE the risk of contracting COVID. We could not move tsur *LP￿rt on line however stsff kepi in wuch with r*ople m05r i50]￿ed by the pondemic. We frxus ijn phyy¢at fitne55 en(tyryin8 membtts ￿ be physt¢aily adive to walk artdlor take exercise Wh￿ p055ibl& We ¢ontinu¢ ty wpport our membu5 develop 5ki115 thatgwble them lo tra￿[ by public ITwwfL Rtcrutiofj•l Artiviti¢s The range of activities Provided dwing thr year wa5 s¢v¢rely ￿rfal￿* and limitol to the photte 5￿tal rn￿1￿ OUT int¢ntioD to address social isolation be￿ limired and reduccd howtvw S￿n 8$ BOLD r¢op¢n¢4J the 5tr¢J)gth of BOLDS importance in people's live5 clear )nd th¢ loss of ¢njoy8bl¢ ¢xpuitnc¢s was evident in the loss of self- confidence. se1f.est￿r[I 8nd life experiertees. Accordingly. Aaff fOcu￿d on the wellbeing of people and xhieving a Trbjrn to nomiajity of ¢xwitnc¢ ￿ the earliest opwrtunity. Saturday socia]s and bolidays w¢re ¢atLttll>l howevet ftom tht of2021 these OPF￿￿￿1￿ts h*vc brtn reintrduceAJ. Fin•n¢ial review The charity h&$ w deriv¢ its In￿￿¢ frvm thtte prirfipl wurtts.. . wimary ti*linA iJJ¢4m< day taT¢ ¢haTB¢S aThd grw)ts c donations. Tht rnost $i￿lfi¢8rtt income Stream is that from day Care charg¢& and the bulk of money Tel￿eS tD th¢ fo￿al placing with the ch￿lty of pcopk with learning disabilities by BafoTd Borough Council and Central Bedfo￿5hi￿e Council. •rtd Coun¢its in Bu¢kinghomshire. Htsniir*8donshir4 8nd CambTkdgcthir¢ thTough their s￿ice$ D¢p3rnents. Th¢ charity h*8 had a reduced trading incorne to thc F*￿deMiC. The Icvcl of Day Cart income Tedu¢c4 trnding incomt has the level of utuestrith41 gmtsand donati£1￿ ha5 ￿lUCed. In common previous years tradiThg incomc was iD￿ffiCient to meet th¢ tharitys co4% the diff¢reDce ID 2020 bt that w¢ h&v¢ not bc¢n in 3 positi￿ to atlTatt 3 consistertt level of ￿lts wjd donations. The retson for this has bten tha¢ Charities have 5wiKhcd their prioritie5 for making ttKx award5 to thwiii¢5 ar¥J or8￿1￿110n$ working to allcviatc the impact of COVtD 19. Historicajly until this point the charity managed ￿ xhievt In aceepwble amount of fvndin& This is ¢learly an W1pr￿l¢tsbl¢ aSp￿t of the chJTitYs *¢tiviti4 *)d In 8pproryiJt¢ •Tmrtt has th¢refor¢ placèl into a de$l￿a(¢d fitnd iredund8rw reserv& The largest itcm is that of #aff 5&1wrie5 ¢onstqu¢ntty arnl r¢gr&i¥bly s)me p)sition$ w¢re made Tr4u¥LdBnL Stsff have been furloughed when appropriate in line with Gov¢rnm¢nt's job retention scheme. Accounts stsff work￿1 from home and Flock managed Payroll during ihis time having bttn xpw)inie41 in May 2020 to wist th¢ ac¢ounts Team. Flock is resFx)nsiblt for Annua] xwjnts. Pay Roll VAT rewrns and xl-h¢x *Jvir¢ D¢btors incrasiThgly slow in 2020 to pay for servicrf deliw¢Ted were PTWtively PUTsueAI foramourtts owed. With ￿¢¢rt￿￿ty as to whdhw Ch•rities and Grant dmations would be forthcomin8 the positbon of Fund raiser was madc r¢duntsmt in 2020. In this T¢gard fimdraisillg •mgwtKDt ha5 br￿ in S¢ptcnJber 202J with short term commercial beneflrs and ￿ ue in. Fortuiiously our leas¢ our wemises 8t Mill Street Be41f0￿ w&$ an end wd a decision was taken w to rerfft¥ the It￿ and instead Short commercial I¢￿5 wer¢ made with Poll)kab￿ and a WC hi￿ ¢omp8ny &nd Ill wr ow*tions 8re now bwd at The Different Brew sit¢ which will resuli in savin85. Tht Siattmeni of Fin￿11 Activities on page 8 and 9 shows a suTrlus of £IW.958 tn the unrerricted re%rYe. Tht fjnanciaj staicments are sd oui on pè8e5 8 10 23. The financial 5ts1wnents havc becp Pryed iTh accordance ￿th AttowitiDg and R¢porting by Charitie5'. Stst¢mtnt of Re¢ommendtd P￿let (applicable to charitie5 prcparing their accounts in accordanc¢ with the Financi￿ Reporting Siand¥rd appli<3bl¢ in the UK and R¢publi¢ of Ir¢laDd {FRS 10211 (issued in (ktober 2019)- Icharsii¢s SORP (FRS 10211. the Financial R¢portSDg Sundard ￿pIl￿ble in thc UK a[￿ Republic of IT¢land (FRS 102) 8rtd th¢ Companies A¢t 2CKkn. R*servÈ5 policy It is Ihe policy of the ch8riry to maintsin a kvel of vnTfstrictd funds to It￿ut srx tmnths unr¢sthrte4J ¢xp¢ndl￿rI to Provide enough ful￿$ 10 cover OTrBQjDE costs xnd io ajlow for any unforesttn emergencies. PTO8ress h&8 ￿¢11 m&de in this area and th¢ six months h&% been cxcetded by stria control over ¢xpendiDJT¢& Th¢ InJ4ce5 TwognI￿ that this will be reductng in 2020thJe to the cothl$ on Fees imrwd by each IrKal Authority. Plans for Futhr¢ Perit)d¥ The charity planned to expand the existing actiViii¢5 in thc fonhwming yf4r5 subject ￿ satisfactory fiLnding 4￿￿￿elDentS ar￿ T￿¢)8n15¢S lI￿t signifi¢ant¢ffort is ￿￿£>$&ry ift orderto trtutw ￿b51*ntia[JY the levtl of8r3nt h￿)ding io do so. Plans for the major dev¢lopm¢nt project to IKgtn in Srfftftg 2020 wete trxk with planning pern)ission 8rant￿ Due to Covid 19 the focus of tknnors h&$ ¢hanEed, and Fundraising has been significanity impxied on. A new build at redur¢d Costs is being conside￿￿ and plans for thi5 prop￿￿ wrll be Submitt￿ irt 2021. GTantS ￿socIated wkth In¢r¢as¢d costs artsing from trtcreased hygttiie saftty practices have 50U8ht4nd a¢hievtd an ¢xtent l¥)w¢ver costs have riseo and a specialiA contrac￿r engaged to complete re8ular deep cleans. Trustees know thst this is 8 ¢hatlengin8 time and mea¥1￿￿ are in pl￿t to keq> the filnrttoning. The Fundraysittg for the app￿ will bc oDgoing artd mart98￿ by Minerv& Revenue fuThdiDB WIII done in hous¢. In 2021 some cApit81 rnonic5 have bccn sp¢nt on itThpYovinB thc withs fw attd he4tin8 attd its effect improvc the asset Val￿ fabric and app¢W￿rE of th¢ buildin8 and lthrtdary and Yedtsct our IM￿ on thc Environrncnt. E￿h memlxr of th¢ t¢sm is stron8 in their c4)mmitmcnt w the wple we 5UPP)rt and sy¢ak cncoutagiDgly to the 8tt¢nd¢es th¢ possible eVen￿￿LtIeS of COVID whatun bc don¢ and btsw w¢ will op¢r&¢ to keep ¢v¢ryorte at BOLD safe. The Chief offi¢¢r and h¢r team have ￿ positive TC5uI(s with their approach io keeping pcopl¢ 5hfe and many pwple chos¢ to rrlum at the earliest Op￿rtUnIty after reopcnin& ]n 2021 th¢y have sought to establish the range of OPPDrnJnilits that existed prior to thc pand¢rni¢ &nd wist p¢opl¢ to ttK ￿e￿IeY ¢xl￿( to have their life chances &$ c105e a5 Possible return to norniality. Responsibilitlts of the Eittutive Committee Charity Law and th¢ Compani¢5 A¢t tequirts the Fxeculive Committte to rw fir￿ncIal swemcnts that give a tN¢ and fair vi¢w of th¥ $tste of the affairs of the charity a5 & the ba]ance sheet and of its itLroming resourc￿ and 8pplicatkon of resources, includin8 ineomc and cXrKDditU￿ for the financ￿1 yc4J. In prewing thtss¢ finstt¢iaJ ststem¢nt& th¢ Executive Committee should follow bcst pNtir¢ ¥iid.. select suitsble accounting P)li¢l￿ and apply them consistenity, make judgements and ¢5tir[￿¢s that ate te¥onable and pnthnL P￿parE th¢ fLnattC1￿ statements on thc on8oÈnE ¢onccrn t4515 unjess it is iJJwow¢ to ￿SuMe that the charity will continue ￿ that b&si5, and iv) St￿¢ wheth¢r appli¢abl¢ 8¢¢(￿1]ng Standard$ 8nd 5wements of rccommcmdryj p¥actice have be¢J) follow¢4L subjert to any Tnateriaj dePar￿re5 disclosed and explained in financial Aatrmcnl> The Executive Committc¢ 15 T¢spon5ibl¢ for rnaintsinirt8 proper accoiintin8 records which dis¢105e with T¢￿￿ble accurncy at any time the fuwn¢ial ptssitiOE) of the charity and ro enable them to ensure that the finaneiai sth*meThrs comply with the Companic5 Act 2Cth. The Execuiive Cornmittce 15 a]so T¢sw>nsible for safeguardin8 the Bssets of the charity aDd h¢n¢e for tskis)8 re&sonable forthe prcvention and dd#tion of fraud and other iffegularitie5. M¢thb¢rs •( tkt Exeeutive ComJ•ittee Members of the Execuiivc CojnJnitt¢4 who ate directors for thc purp05¢ of company 14w 3nd tN#ees for the PUIr￿ of charity law, who served during tht year 2020 and up to the dat¢ of $igDing of this rtp)rt are set out on p•ge l. In xcordance with comp8ny law, ￿ the CoMpan￿S direthors we r£rtify th#i' so far ￿ we art awon there 1$ no relevaThi information of which thecompaJ)y'$ ilxlep¢nd￿I ¢xomiTher is wiawarc as the directors of the comp8ny we have rsken ail the strps we wght in io m8ke ourselves awarc of any relevsnt information and ￿ establish the charity'5 inder*nd¢nt ¢xamirt¢r is aware of that info￿￿10n. Independent Lx•mifjer Thcr¢ no rewlution * the AGM in respect of thc Indepththnt Examiw. Thest accounts have beal Prep￿￿ In 8¢¢ordanc£ with the wovi5ions aFplbthk to comp•mies ￿bj￿ w the small Comp￿les. r¢gim¢. Th¢ annuaj rcport w¥ approvthl by thcTNstee5 of the ch•Tity on 6 De¢¢mttT 2021 and &wJed ¢)n its by.. Alth Ne￿¢ JovAthE)e Middleditch P4e5 B¢dfordshire Opportunities for Learning Disabilities Lld Independent Examiner's Report to th¢ trnstees of Bedford$bir¢ Opportunities for Learning Disabilities Ltd ("the Company") I retKJrt to the clwity TDJ*ecs on my exWnin￿lon of the accowits of the ComrAny for the y¢8r¢th 31 t)¢¢¢mb¢r 2ff20. Responsibilities gDd basis of re￿rt A5 the charty's Trus*es of the Company (and a]so its dIT￿￿T5 for the purp05ts of ￿mpaThY lawl you are restthsible for the preparation of th¢ accounts in accordanct wilh th¢ rc4uirwJents of th¢ Companies Aci 20(￿l'the 211)6 Ath,). Having satisfied myself that th¢ accouttts of Bulfordthtrr OpFQT¢wJits¢5 for L¢arning Disabilirie5 Ltd aTC nol TW4UiTed to bE audited urtder Part 16 of the 2(￿ Act and are eligible for independent exhmiftation. I r¢port in of ]ny examirtatioth of YOUT charity's accounis as carried out unthr st￿lOn 145 of thc Qjariiies Ath 2011 {￿e 2011 Ad'l. In carryin8 Out my examination I have followed the Directions 8ivuJ by the Charity Cknmmission undtr scaion 145(5llb) of the 2011 Act. Indtpe*dent examiner's statsme•t Sincc the Company's gr055 income ex(¢￿ed £250.L¥￿ your b¢ a m¢mttr of & bjdy list￿ in ￿rtiOn 145 of the 2011 Act I wnfirnj that I otn qualified to und¢rtak¢ th¢ axominotion l am a m¢mb¢ro(Th¢ In5titst¢of Financial Accountants, which Is one of the li#cd bodies. I have completed my examin￿10n. I confirni that no mat*rs havt corne to my attenti(M) irt C￿t￿e￿O￿ with the ￿aMinatIon giving rne cause ro bclievc.. accounting rctords wert not kepl in res￿ of Bedfordshire OF￿￿￿111tS for Learning tAsabilitie5 Ltd a5 require4J by section 386 of the 2((16 Act. or 2. lh¢ accounts do noi accord with those records. or 3. th¢ actiAJnts do not comply with th¢ acC￿lAting requiremcnts of s¢&Xion 396 of the 2￿6 A¢t other th8th any requiremeni that the accounts giv¢ J 'lnJe and fair vi¢W which is not a matttr ron5id¢rAI &5 P•1 of an indepcndaji examination,. or 4. the 4G¢ounts have not been pyepared in *tord*Ke with the methoth atld principles of the Statement of RccoTnm¢nded Pnctice for accounting &nd Teponing by charitie5 lapplicablc u> choriti¢S pr¢pmng their a¢¢OuT￿ in a¢¢ordance with the F]rtanci￿ Reporting Stsndard applicable in the UK and Rybli¢ of Ireland IFRS 10211. I hav¢ no ¢oncerns and have come acr055 no other rnau¢TS in connedion with th¢ ¢xarninwion to whi¢h att¢ntsOn should be thawn in thi5 f¢FQrt in ord¢r ￿ cnabl¢ a ptow unilEfstsnJitL8 of the accounts to bt rwhEd. Denni5 0'Higgins MIPA DCbA Cmgr FCMI tndep¢ndent Examiner DT AS￿lat¢S LLP V&Flock Charity Aca>unWts A practtsing member of The Institute of FID￿Cial Accowltants 27 Old fjlouces￿r Street tthdon WCIN 3AX 6 De￿￿￿T 2021 Bedford$hire OpportUDlties for Le*rlling Disydbilities Ltd Statement of Financial Activities for the Year Ended 31 December 2020 Ilneluding Income and Expenditure Account aDd Statement of Total Recognised Gains and Losses) Totsl 2020 Ullrtstritted funds Restrbtted fu*ds No Ineortte *thd Endowmtnts Irom: Do￿lI0n$ and l¢gac*es Charitablc activities 105. 295,226 21,044 126,834 295.226 Oth¢r uicome 396 TO1￿ income Expenditure o•: Rw"sing fund5 Charitable aciivities 19.287) (37&660) {402) (1.5￿) 19.689) (380.160) T(ptsi expendimre Gainsllosses on investment tssets (407.744) (409.646} Net income Net movement in bjnds 81.420 19.538 3(KJ.958 Retonciliatiom of fyndi Totsi fund$ broughi fonward 452 276 Totsi f￿d5 CATricd forward 17 533.696 466.547 l.IW.243 Totsl 2019 Uwrestrirted funds Rt5trict¢d fp•d$ Ineome And Endowments Irom: Donations and legacies Charitablc xtiviti 20,351 525.126 652 143.149 163,5tKI 525.126 Othu irtcome 717 Totsi income 689 995 Eipenditurt on: Raising fvnds Charitabl¢ o¢tivitie$ GoVernat￿t costs (14.162) (454.932) 751 (5.7581 {41.987) {19.920) {496.9l9) Totsi expendilure Nct inr4)me mov¢ment in fvrtds 68.284 121 164,405 Re¢oTr¢ili*tiott of fynds Tothl fimds brought forw¥d The not¢s ort Pg8es 9 to 21 fonn #n inte￿￿ part of these fin8n¢i8J ststements. Bedfordshire OpportUDities for Learning Disabilitiey Ltd Statement of Financial Activities for the Year Ended 31 December 2020 ncluding Income and Expenditure Account and StatemeDt of Total Recognised Gains and Losses) Totsl 2019 Vttrestrkted hods Restrltted f¥nds Note Totsl fvnds CaTried forwvd 17 143.811 765519 All of thc charity's activitiC5 dcrivc from c(K*inu¥ng opEntions during the •bove tt¥o peric￿% The fijnds breakdown for 2019 is Sho￿ in note 17. The notes OTh poges 21 fo￿ an Integ￿ partof these firtfftnci￿ styem￿ P4e9 Bedfordshire oppor￿DItieS for L¢Arnillg Disabilities Ltd (Registration number: 04327714) Balance Sheet as at 31 December 2020 20A9 Note Flx¢d *ss¢ts Tangibk a55¢ts 341047 269.412 Current aSgets Debtors Cash at baThk th in haNI 12 13 9,604 60,762 612.522 673,284 678.723 Cr￿ltorS. Amounts falling due with•p o•e ye•r 14 N¢¢ ¢¥rr¢nt wets 639918 Totsl •ssets le55 ¢Hrrtnt liabili¢ie5 I.(MM).688 .330 CFeditors: Amo¥nts hllillB due •fter mor¢ th*D oDeyear 15 •ss¢ts FoDO5 of th¢ thArity: Restritted income f¥ttd$ Resrricted fimds 466.547 765.519 Unrestricted int•me fufjds UnTCStridrd ReValu￿10n re￿r¥¢ 453.696 143Jll Total unrestricrd fur¥ 533 696 Totsl fuDd$ 17 For the fmanciai ycaT ending 31 D￿rMber 2020 the ch*rity w&9 ¢ntit]&l to ¢%￿ption from w￿r section 477 of the Cofflp8JJi¢s A¢t 2(116 relating coajpanies. Directorg rtsponsibilities: The rnEmbErs ha¥¢ not r¢quiTtd th¢ ¢h•rity th obthirt ￿ adii of its accounts for ¢he yesr io question rn accordanct with S¢¢liort 476," and The dirtetors aCknM)wl￿gC their responsibilities for complyin8 with the ttquirements of the Act with respe¢t to couniing records and the prepgNion of &¢oun Th¢ fin￿rial ¥ateEllthts on pag¢$ 6 to 21 were appo¥￿ by the TTUStw gnd atsthorised for issuc on 6 fkcemkr 2021 and s]￿ed on their bth￿r by.. Alan Neate Chalrman and tnjstee -knne Middleditch Company sc￿etary and twstee The noteson pagc5 1 I to 23 fonn ￿ inteBra] pyt of these fl￿￿2[ statem￿t Pa8e io Bedfordshire Opporthnities for Learning Disabilities Ltd Notes to the Fillaneial Statements for the Year Ended 31 December 2020 I Charity ststs$ The ¢harity is limitd by guarant¢< irtCory￿￿Cd in England & w￿r4 and wnsequcnily d¢Jcs not havc share capitaj. Each of the TnJste¢s is liable to tontribute an arnounl noi exceeding £1 ts)waTds the asscts of the charity ith the ev￿1 of liquidation. The adthess of its regi&cred office and principal Pl￿ of knin¢ss is.. 106 Clapham Road Bedford Bedfordshire MK417JP Thrs¢ financial 5taiments We￿ authoTiwI for issue by the Tnste¢s on 6 D￿m￿¢r 2021. 2 Attountirtg policiu Summary Of signifKant *ceou•ting policles And Accounti￿ e5tiffj•ts The prtncipJ ￿￿u￿ting policies applied in the prepaNion of these financia] 5taiunenis art xt out below. Thc5e policies have wnsistently applied thcyew5 prest4Jtr4 unless Othcnvi￿ stsie£L ststement of ¢omplTr#thct Th¢ financial sw¢m¢nts have F*en prepar&1 in a￿￿datIce A￿0￿1￿￿% And Reportsrtg by Charities.. Stst¢rnent of R¢comm¢ndcd Praciice18pplicablc (o charities preparing their a¢col￿ts in x¢ordance with thc Financial Reporting Standard applicable in the UK and Rcpublir ¢>f IrelsDd {FRS 1021} {issuol in October 2019) . {Ch8rities SORP (FRS I02)X the Finan¢ial Reporting S¢and8rd applicable tn th¢ UK and Republic of Ireland (FRS 102) and the Companies Art 2006. B851$ of preparation Bedfordshirc Opportunities for Learning Dithilities Ltd me£ts the ¢Jefmition of a Pllblic benefit entity under FRS 102. Assets amd liabiliti¢$ 8r¢ initially recognised at hiAorie41 cosr or tran5Xtion value unless otherwise stht¢d in the relevant accouniitiB policy ftorek The charity does not believc il 15 matrwiaity impxtrd by Braxit c4)ntinues to n￿nitOr th¢ impact thmu8h the Exccutive Committee. Jn accordance with Government Guidanr¢ the Charity wa5 cIo¢xd fmm 23rd Maffh 2020 And reopened on 28th SeptemF*r 2￿40. In adhering w Govvnrnertt artd Local Authority 8nd Health PrO￿al0ft insThiction there w&% an oftgoing irnp￿ on our provision omd th¢ wge of experience5 •Jd social adiviiies thar wer¢ avatlable ￿ people. Gov¢mm¢nt M￿ntain restriaiott$ that impacted on people livitjg in SUp￿)rted caTr s¢ttings that PTeve•tyJ the attendance of some wple and funh¢r LrKkdown was impos¢d in Novembu. The Executive Committee meet regul8dy athd tmph&si5 on ensuring the Vi8bility aTwJ futUFC ofthe ¢h8riry has a fo¢al ￿IllI duTinE the year. Pag¢li Bedfordshire Opportunities for Learning Disabilities Ltd Notes to the Finaineigl Statements for the Year Ended 31 Detember 2020 GoTrDg con¢enJ The financial statemcnts have been prcpared on agoing Eonccrn The tNsteCS 8$￿$ wheth¢t th¢ usc of going ¢oD¢¢rn is appff>priatr i.& whcth¢T thcre arc ¥ry Materi￿ unccrtaintic5 ￿lated to ¢vMts or ¢onditions that may c•# signifLC4ni doubt ot) the ability of th¢ ¢htirity to ¢Othtirtue Is a going ¢on¢mi. Th¢ truM¢tS make this Lssessmeni in re5t*rt of a Peri￿ of oneyearfrom the date of appmval of the financi￿ sW¢th￿t> Exemption from pr¢p•rlng • c•sh n•T4 S¢•trth¢•t Th¢ ¢haTity OPt¢d to early adopt 8ull¢tirt I publisbed on 2 Febnwy 2016 and have therefore Dot & ¢•sh flow statsment in these fJnancia] swenjettts. In¢om¢ and e*dowments All income is recognised rAJce the charity h&$ entitjemcnt to the incorn@ it ￿ protrAblc that tk income whll be reGEive4J *ryd the amount of th¢ incorne r¢¢¢ivable can b¢ m￿U[¢d fflithly. Donths widlwi¢s Donuion5 arc rew￿ls¢d Wh￿ the charity has bwi Dotifird wrtting of th¢ ami)unt and settjement dhtr. In ¢v¢nt that a donatioTh is subject 10 corjditions that tequire a level of pcrforniartee by the chariry kfore the charity is cniiiled io the funds, the iftcome is dcfeffd and rtot Ttcognised umil cithcr those eondiiions arc fijlly MCL or the fuifilrnent of thos¢ ndibon5 is wl¥)lty withllj the ¢oDtrol of th¢ ¢hxrity 8thd it is pry)b*•le that these tonditiohs will be hlfilled in the T4)oMn8 p¢riod. Grn￿$ receIV￿ble Granis are Tecogni5ed whEn th¢ charity h859n ¢ntitlwnoJt to th¢ fund5wxI ¢oThlitions linked ts> th¢ grants hav¢ t*en meL Where perfOr]n￿¢e ¢ondition$ 8tta¢hed to the grant aftd a￿ y¢t ￿ b¢ ￿ the income 15 recowjistd ￿ & liability and in¢lud¢d on the ba]ance sheet as defesred income I¢1¢￿d. Eypenditurt All expenditure 15 Tecognised once there 15 a legal or ¢onstn]¢bve obligation to expendittry it is probable settlement is required and th¢ amount ¢art be Measur￿ reliobly. All COSL8 8Tt aJloc&ed to the applicable eXpendiD￿e he&Jing that aggregate Simslar Costs ￿ thai cate80ry. Where cost5 carmot E¢ direcily auribu*d lo pirti¢Wl￿ headings they hav¢ been allocated on a basi5 ¢onsist¢nt with th¢ usc of resour¢ffj with ¢¢ntnl &off ¢osts alloc4ted OTh th¢ basis of time spcnL and depreciation ¢hso¢s all0¢￿ed on th¢ portion of the &sset'5 Use. Othet sutwrt corts are alloc4led bwd on the spread of Staff ¢osts. Thcst arc costs bncurred in atiracting voluntwy in¢om4 the rna[￿ of irtvestt*ents and tlM)st in trading activities that rnise funds. Charitsble cxpendiDJf¢ cornpri5es those coxs in¢urytd by the in the delivery of its activt¢ies and serrice5 for its t¢neficiari¢s. It in¢lud¢s costs th* ¢aD t¢ 8]I(K￿ed direcity to such ￿l¥ll1t5 and those Costs of an indircct DotUTe Page l2 Bedfordsbire Opportunities for Learning Disabiliti￿ Ltd Notes to the Finaneial Statements for tbe Year Ended 31 December 2020 Support costs SuprM)rt e05ts include central fiJn¢tions 8th1 hav¢ b¢￿ allo¢*¢d w activity cate8ories on a b&si5 consistent with the u of re50urc¢5. for ¢XAmpl< allo¢atin8 protffj costs by floor are4 or w L¥Pit4 stsff costs by the time spcnt and othcr w5ts by th¢ii usa8¢. Covernanee eosts These include th¢ costs attributsblc to the charity's tompltance with ¢on*itithiona] aTrJ staDJtory requirernen￿ including audi( strategic TllOnagm￿rt1 aod TnLStees's meeiiDgS and re1m1￿[Sed exrth5eS. Taxation The ch¥rity is ¢onsideTed to pass the Set out in Paragraph I Schcdule 6 of the FitwKc Art 2010 aryj thtsEfor¢ it m¢¢ts the definition of a ch8riiabl¢ company for UK corF¥)rntion t&x piirposes. AccoTdirt8ly. the ¢haTity is PDitntially exempt from tlxation in re5P¢¢t of inwm¢ or ¢apityl Aains received within c4te8orie5 covered by Chapter 3 Pan I l of th¢ Corwration Tax AG¢ 2010 OT S¢¢tion 256 of the Taxatiort of Chargeable Gains Aci IWI ￿ the exlcnt that gjch in¢om¢ or gain5 aTC appli exclusively to djaritsble PU￿￿¢5. T*nKibl¢ fix¢d 955¢ts Individu￿ fJx¢d ass¢ts costirtg £50tM).00 or more are initially tecorded at C￿ le55 any subsc4UEllt w£umulat￿j depr¢¢i4ti0 and subsequent accumulatrd imwrm¢nr los5￿. Buildfft8s art held at Fair Valuc subjecl to a ptriodi¢ r¢v8lustion imp3]m￿ll1 testing. Depreci*tion And fimortisation D¢pr¢¢iaiion is provided on tangible fixed 455cts so as to write off th¢ c05t or y￿￿#tH}n, It¥$ any estimated nsÈdual valu over thtjr expcctsd us¢ful xonomiE life &5 follow Asset cla5$ Moff>r VdM¢les DepTetiation ffjethod rnt¢ Straight 33.33% on cost Tr•de debtOTS Trade debtor5 41[￿wits due fmm custhmers for rncrchandisc sold or 5er¥irc5 ￿r01M￿l in th¢ ordiTW course of business. Trnde debtors 8r¢ reco￿1$ed initidly ￿ the transxtTh They we subwucnily Meas￿ It amortised COSL using the ¢ffeciive 2ntere51 methrf less provision for impairTn¢nL A wovisi¢n for the impaitment of trade debtors is established when there is objective evid¢nc¢ that th¢ Gh*ity will not be able ￿ cfjlied a]1 am¢Junts due xcording ty the Original of the r¢¢¢iv8bl¢s. C￿h And cA5h equivalents Cash and ¢x8h equivalents cornprise cash on hand &nd d¢tw& and other short-trnn highly liquid inve5mk¢nts that are rEwJily Gonv¢rtibl¢ to a known am(Nu)t of c•sh and are wbiect ￿ an insignificant risk of chthge in value. P8ge 13 Bedfordshire Opportunities for Le4rDiDg Disabilities Ltd Notes to the Fin*nti*l Ststements for the Year Ended 31 DeeeJDber 2020 Tr8dt creditOT5 Trade creditors are obliEations ro pay for or wviees have been acqllutd in the orditlary course of busio¢ss from 5upplier5. AGcounts payable ar¢ clwified ￿ C￿￿enT liabiliii¢5 if th¢ charity dots noi hav¢ an uncoThdition￿ ri8hL u th¢ cnd of the reporting wio(L 10 defer settlemrnt of the treditor for ￿ itast twtlvt month$ 8fttt the ttN)rting date. If there is on unconditional right to deter mltment for at le￿ Nelve month5 aftcr the rwning d￿e, they are pre￿￿trd ￿ non-current Trade creditor5 aTE r¢co8nised initially at the tian￿)0￿ pri￿ and 5ubsC4uen￿Y meawted at amorti5ed CO￿ using the ¢ff¢¢tiv¢ intere# method. Borrowing5 Intcrest-bearing tM)Trowings arc recorded at hiT vaJu¢ ttel of trnrts*¢tiOn ¢OSts. Irtterest-bearirtg botTowings are subsequently ¢arried st amortised COSL with the diffemice berween the prfKttd& of tran￿[lon COS￿ and the amount due on ialemption being reco8nised a tharge to the Ststt4neni of FinDncia] ActiViii¢5 OVCT the F¢Tiod of the relev¥￿t boffowin& Interest cxpen5e Is ￿￿ognIsed on the basis of th¢ cffc¢tiv¢ intcr¢5t rn¢thod is hnclwjed in iDtrye# payable and simil charge5. Borrowings are classified as current li8bilitl¢5 un1¢5s thc chaTity has an wKfjthditiODal right ￿ drf¢r s¢ttlement of the ligbility for at l¢&st Mtlve months ofter the reporting date. F4nd S¢TUetyr¢ Unre5trirt¢d ￿Come fiJnd$ are 8tner8] funds that are availablc for usc It the Tru￿￿5 di5¢r#ion in furtlwknte of the objtciivcs of the clwity. Designa*d ffiJnd5 are unre5triCted funds set 8sid¢ forspccffj¢ purposes ￿ the distretion of the trnstre5. Restricled income funds are those donated for use in a pariKuiar oztA or frx spe¢ifi¢ w1p0￿ the use of whicb is restriaed to that area or purpose. Pensions oih¢r p05t r¢tir¢ththt obllEatio•s The charity oper&t¢$ & defined ¢ontribution pen￿0￿ ￿htsn¢ which is a prn5tons plan ￿der which fixed contnbutions are paid inro a p¢nsion furtd athd the chatiry h&5 no le831 or construaive obligation io pay further coDtribution5 even if the fund does not hold sufficierlt pay a]1 the eTnployec5 th¢ bth¢fits relation to ¢mploy¢¢ service in the ¢urrent and prior iods. Contribuiions to thf￿ed ¢ontribuurn plaD5 are tEr￿]Sed in the Stat&nent of Fit*nciaL Activiiie5 thty 8rt due. If contribution payments ex￿ the contribution duc for scrvicq the u¢ess i$ Ttwiscd as a prep&ymthL Poge 14 Bedfordsbire opporthnit1￿ for L£Arning Disabilities Ltd Notes to tbe FiDan¢i*l Ststements for th¢ YeAr Ended 31 December 2020 ingntial iTr5tr¥m¢Trts C14551ficAtson FIDan¢1￿ wsets and financial liabilities 8Te recogniscd when the chty b￿0M¢S tt pty w the ¢oDtTxtyoI pww$ions of the instrumenL Fitwicial liabillties and equity instrumcllts ￿ ¢lwifi¢d ae¢oTding to th¢ gjbstsrtte of the conttxwal arr8ngemettrs enrered inw. An equity instrurn¢nt is any ¢ontsact that eviderKe5 a residual iTrtrrest in th¢ a55ets of the charity after d¢ducting of its liabiliti¢s. All financial assets aiyj liabilities w¢ initially mewred at transaction price (including transaction costs), ￿cePt for those financi￿ assets ¢l&ssified ￿ at fair value thTOU8h Profrt or lo￿ which are initia]ly ￿￿ured at f&iT v￿u¢ {whi¢h is J)omY￿ly the tr8nsaction price excluding tran5acuon cost51. wil¢ss the ayT¥ng¢m¢nt ¢o]witu￿ a finatTrcit)8 tronsaciion. If an arrangement Con￿llUte5 a financing tra[￿¢￿0[¥ the fuxollcia] or fLnarÈciat liability 15 mca5urtd at the present valve of th¢ fuwr¢ paytn¢nts discount￿ al a markd ratr of intere* a Similar dth instrumrnL Financial ￿ets and liabilitie5 are onty offsd in th¢ y8t¢mtht of fin8ttcial p)sitith) when. and oTrly when there exists a legalty enforrcabl¢ right io $Et off the reco￿l*l amounts and the charity intend5 eir]Kr w %ttle ¢Jn a nct bosis orto realise the w¢t and settle the liability simultsneously. Fuwjciai ￿￿¢t5 wc dv¢¢wised whe* and onty when al thc contractua] ri8lRs to the cash tIow5 from the fin8fjciaJ I￿1 expire or art settled. b) the ¢hATity tratLsf¢TS to another party substamia]ly all of the risks and rewards of own¢rship of the rinan¢i8J &sseL or c) the tharity. despite having relain￿ som< but not ¥)L si8rtifi¢8nt risk$ and rew¥ds of ownershiA ha5 r¥•)sf¢rred control of the another party. Financial liabilities 8re dueewised only when the obligaknon &wifityJ in th¢ ¢Ont¥￿ is dis¢htr8e4 Cancell￿ or expire5. P4e 15 Bedfordshire OpportUDities for Learning Disabilities Ltd Notes to the Fin*nei￿ ststements for tbe Year Ended 31 December 2020 D¢bt in5tnJmcnts which mect th¢ following C4)nditions are thcquctttly rntwred al arnortixd cost using the effective inlcrest method: la) The ¢ontra¢¢twi reDJm to the holder is (i} a fixed amoun( lill 8 Fx)sitive fixed Fatr or & positsv¢ y￿•ble Tate" or liiil a ¢ombination of a positiv¢ or a ne8aiive fixed Tate and a posttive v8riable rat (bl Th¢ ¢ontrnd may provid¢ for repayments of th¢ prin¢ipal orthe return to the holder (but not tyM)th) to be linked kn a singlc relevant observable index of 8eTheral price inflation of ihe CUTrency in which the debt in#rnment ts denomin8trt provided such link5 aT¢ not leverdgcd. Icl The contract may rmyide for a d¢t¢￿inable varI￿10n of the Tdurn lo the holder durin8 the life of th¢ instnjmenu provided that (il the r*¢ satisfies cortdilion lal and thc vaTi*t]￿ is not omtingeni on futh cv¢nts other {]) a change of a contTxwal variable ratc. 121 tti thc holdcr against credit deterioration of the i55u¢r, (3) changcs in Icvi applicd by a central bank or ari5tnE from than8es in relevant i&xatioth or law" or (ii) the new nte is a markd rtte of irtterest and s￿iSfieS condition {al. (dl There is no contra¢ts]8J provision coul(L by its tern￿ resuli in the holdtr tOSin8 the priThcipal am¢Junt or any inierest auributable io the current ￿lod or wior {e} Contrxtual provisions that r*rni( the i55UCT to prepay a dthi inYn¥n¢nt or pennit thc hO￿¢r ￿ put it back w the issuer before mthjrity at¢ not contsng¢nt ott fi]tute ev￿1& other than to protect the I￿ld¢T •gJitist th¢ CTèJit de*ritsrntson of the issuer or a ¢hanRe in ¢orLtrol of the issuer. or ￿ PToiea the holdu or is%Kr changes in levies applie#J by a ¢enrr81 bonk or arising from Changes in T¢kv4nt ¢ax•bon tsr law. lfj Contractual provi5LOllS may F¢rnllt th¢ extension of the tErn of the debt ithstwmen4 th8t the rthm to the ￿)[der and any oth¢r contractua) provisions applicable during the txtetthd trrm satisfy the coTrJitions of para8ryhs {a) to (c}. Lkbt instruments that are cldssifi¢d as payable or ff¢¢iwable within 0￿ year On illitia] recognition and which meet the &bov¢ conditions 8re mwured at the wMihscount￿ arnouni of the ￿$h or other ex￿1¢¥j w be paid or re¢¢iv¢d, of impairnlent. With the exception of some h￿ging in￿r￿n¢￿ts other de￿ in5¢ru￿ts rn¢¢ting the5¢ conditions ¥re ot fair V8]uc through profit or1055. Commitmcnts to make and receive loan$ which mca the conditiimjs mmtiortul abDVC #ft m¢4sur¢d at {whith may be Thill Icss irnpairni¢n¢. Investments in non-wnvertible preferet)ce Sh￿ artd non-putrab]e ordinary or preference share5 (where shares ￿ publicly traded or their fwr value is Teliably M￿urable) are mwured at fw"r value through profit or loss. Where flir vajue ￿nOt be asur¢d r¢liably> inve51m¢nts measured at co# L¢ss impairnieni. Invethents in subsidiaries and asso¢i8tes are measuretl & co# less 1mpairn￿nL For inv¢Mments in subsidiaries acquired for con5ideratiop including th¢ iswe (pf shares qu￿lfyin8 for merger reliec is measu￿￿ by refererKe w the t￿minal value of th¢ sh8r¢s iswed plus fair value of other considcrnion. Any pr￿luM is igttortd Pale 16 Bedfordshire Opportunities for Learning Disabilities Ltd Notes to the Financial StatemeDts for the Year Ended 31 Deeember 2020 The charity uses derivative financial in51rumMts kn rrdur¢ wrr to foreigD exth4rtge risk attd interest rate movements. The charity dc¢5 noi hold or is5uc dcrivativ¢ fin8n¢l￿ instrurtthts for wulative purp)s ]krivatives arc iDitiaJly recogtyised ai fair vallle at the datr a derivative contraa is enrered inw and aTC subsequently remeasured to their fair value at each reporting date. The resulting gain or Ioss 15 T￿ogniSed in *at¢mcnt of finan¢iei a¢iiviti¢5 itnm¢diately unless the deriV￿1ve is designated and ¢ffeciive 35 a IKdging in5tnJmcnL in whiGh evcTht the timitig of Iht recwition In Statement of financia] ￿1vill¢S dynds the of th¢ htyJg¢ ￿l￿10￿$hiP. Th¢ best ¢vidertce of f8ir va]ue is a quoted price for idtnlical in ￿ ￿tIVe JTwkrt WhEn quotol pri¢¢$ 81¢ unavailable. the price of a rcttni trnn*dion for an id￿111¢al &ss¢t Ptovid¢s tvid¢ne¢ of fait valu¢ Is lot18 ￿ there h*$ not Fxen a 5ignifJcant Ch￿￿¢ in ¢conomir ¢i￿￿n￿Ant¢S or a si8nificarti lapse of time since the tr8nsadion tsok place. If the mark¢t l5 not active and recent transactions of an identic4] &ssd on their are ￿t a 8OLwJ e51im8tr of faiT v8Ju< the fair vaJu¢ is ¢stImat￿ by us2nB a valuation teclmique. 3 IncwD¢ from dott*tions And Itycies U*restricted f￿10$ CeDeral Restricted funds Total fumds DonatiOD5 aJJd Icwies" Dotwtion$ from individuals Grant% including capithi gw¥mts' Gr8nts from othercharitte5 21.044 121,834 Total for 2020 126 834 Total for 2019 143 149 4 1nc•me from ch*ritsble Aetivities Vttr¢¥tri¢t¢d fvhds General Totsl 2020 Caft income Wocmlwork & craft sale5 Drdycart fees 5,589 1311 287 325 5,589 2.311 287.325 295 225 P88¢ 17 Bedfordshire Opportunities for IArniDg Disabilities Ltd Notes to the FiDaDeial StatemeDts for tbe Year Ended 31 December 2020 Umrestritted fllvJd$ G¢*¢r*l Total 2019 C8f¢ irtcome Daycare fee5 Gardwing servic¢s 24,850 486.771 24.850 486.771 525 126 525 126 S ExpÈndiiure OD r•i$ing funds 8) Costs of gehetating dotyAtlons gmd Iytits Unrestrieted f4Dds GeAer•l Re5trirttd fuDd5 To¢#1 No Donation5 To¢wl 2020 Total for 2019 19.920 p¢•ditsir¢ on tharit*ble artiviti¢s Unreslrlrt￿ hods Restridtd General funds Tot•1 fyh05 Sthff Gosts Different brew co Moiorexpens¢s L¢g￿ and professional fees Courts¢llin8 and othu therapies Li8hL heal and pDw¢r Rent and ra*s 280J20 5.820 11.946 280,320 5.820 11,946 1.5 10,410 6.Ol3 13.178 l5.667 4.213 3,798 9.518 1.5(Kl 10.410 6.013 13.178 15.667 4,213 3.798 9.518 17 Insuranc¢ Office e%pens¢s H¢aJth safety ¢ost8 Repair5 HJLd rniinienance (hher operating COX8 Tot*1 for 2020 378 114 379614 Tot•1 for 2019114 r¢5tated Pag¢ 18 Bedfordsbire Opportsnities for Learning Disgbilities Lld Notes to the FinaD¢ial Statements for the Year Ended 31 December 2020 In addition to the expenditure aftaty￿d atM)ve, there we also 8overnance coA% of £19.797 (2019 - £8.751} which relate dir¢¢dy to ¢h8rirable adiviiies. Set note 7 for further details. AAalysb of govern•nte and s¥PPOrt Costs CoverDaNte costs Unre5tri¢ted funds G¢n¢r#l Totsl funds Independentexaminer fe¢$ Examirtation of th¢ ststements 445 445 Otber fee$ paid to examiners 3.873 Allocatcd sUPPOrt costs Totsl for 2020 T•tsl for 2019 Stsff costs The aBgregait payroll costs wcrr 15 follows: 2020 2019 Staff costs durn8 the yt4r werv. Wage5 and saiarics 280 320 257 171 The monthly avera8e number of persons (induding key manyment persujnei) employed by the charity during th¢ year eXpre￿d &8 full tirne eqUiVal￿)ts w&s as follows.. 2020 2019 Monthly average Etumber of staff 21 18 No employee T￿1¥￿1 ¢n￿l￿n¢￿ts of moEe than £60.iKXI duTiThg th¢ycar. 9 1ndepeDdent txaminer'5 TtmiJNeriiti 2019 Examination of the financial sthtemethts 445 Other fee5 to examiners All other services 750 PaBe 19 Bedford$hire Opportunities for Learning DisabR]ities Ltd Notes to th¢ FinaD¢i81 Statements for the Year EDded 31 Deeember 2020 10 T*x*tion The ch4rity Rs aTegtst¢Ted charity and i$thcr¢fort exe4npt from tswion. 11 Txttglble tlxtd asgets IAAd I￿11111￿¥S Motorvthitle5 Total Cost At I lanuary 2020 ReValu￿l0ftS 250.IKK) 80,(XKI 122.808 371808 80.(XIO 17,499 Additions Di5wsa15 17.499 At31 D¢cember 21r20 130307 Depreciatio At l January 2020 Charg¢ for ihey¢ar 101.615 101.615 64$ At 31 December 2020 260 Net bwk v*l•È At 31 D￿ember 2￿20 330.(MKJ 34 047 At31 D￿mber2019 271 193 Page 20 Bedford$bire Opportunities for Learning Disabilities Ltd otes to the Financial Statements for the Year Ended 31 De¢ember 2020 Rev*lu8tion The fair vaiuc of thr ¢omp•ny's Building5 was ￿1]U￿4 on 31 Decan￿ 2020 by Dajrn P4)e BA(Honsl M MRJCS of Kirby Dismortd. independalt ¥￿ue1. The y￿u&ll0n pr¢pared in f4¢orfw¢¢ with The Royal In5Litytirn of Chartueo Sur¥eyors Valu8tion- Global Stsndards (Th¢ Red Bor*k} effective 31 January 2020 (￿l¢h incorporale the Internation￿ Vajuation StsJ)dards) and the UK r>atiOll41 supplement. The property has been valued on the bJ5i5 of Fwr Value whith i5 dcr1D￿ in the International Valualion Stsndard5 a5:'The price that would bE received to sell 8n or ptiid to tr8nsftr a liability in an 0￿¢T)Y traJ)sactioft btNten market psrticipants at the me&wremeThi da*.. Had this cjw of ￿Se1 been me*wAred on a historic4] cosl ba51& their canyÉng ￿OUnt wou]d havt be￿ £250.00012019- £250.OLK>). 12 Debtors 2020 20J9 Trade d¢btors Other debtors 1.152 452 34,685 13 CAsh And cash ¢quinl¢thts 21119 Cash on h￿d Cash at bank Short-trrn deposits 254 9.610 15.468 612.522 14 Creditors: *mo￿nts falling due within 04¢ ytsr 21119 Trade fftditors Other ￿xatIOn and ￿l&l security VAT gTAnt r¢pay8ble Other creditors AccTu8Is SJ87 5917 (14,631} 21,534 875 19.816 5,653 1.932 1,518 20.082 15 Creditor5: amounts fall•ng dwe after one ymr Ac¥nJ8]s 445 PaBe 21 Bedfordshire Opportunities for L¢2rning Digabilities Ltd Notes to the Financial StatemeDts for the Year EDded 31 December 2020 16 ReseTre5 Unrestrirted revaluation reserve Totsl Unrealised Su￿]￿S (gain) on proputy wajuation 17 Funds Other retognised gain￿{10$5¢$) B*lante It J8nu8ry 2020 R¢sour¢es txptndtd resourtes Transf¢ts Unrestricted fwnds General 431.740 399.877 139&457) 20.536 8QOOO DEsi8noted 536 Totsl unre5tritted funds 452276 399,877 {398.457} Restricted fund$ Tot*1 funds 421317 teAt31 D¢ctwber 2020 UDr¢stri¢ted Genetsl 533.& D¢sigthtt Totsl unre5tri¢ted funds 533,696 Restricted funds Total fvttd$ Bedfordshire Opportunities for LearniDg Disabilities Ltd otrs to th¢ Financial Statements for the Year Ended 31 D¢e¢mb¢r 2020 B8l•wtt At I J•nyary 21J19 IncoThing Te4owrr¢s Resourcts expended BAl*•et at 31 December 2019 Unrestrkted fund$ Gerteral 54,YJi 531,967 (463,683) 123.275 De5igwed Totsl uhrestricted fuhds 75,527 531,967 1463.683) 143.811 Restrirted fuAds 98 138 108 765 519 Totsl fund 670075 305 670 18 Related party tr•DMctiOnS Durin8 the yw the tharity mede the followttB rtlated F4rty transaaions: Joda Servi During th¢ year, Joda Servit¢5 rnn by a form¢r tri￿¢¢. who s¢rved duting theyt4T, Te£eiYed paytnent for book¢epin4 supw>rt and TT subscription& The conw ￿Y￿ents were approved authorised by the Executive Committee. DurinR th¢ y JIOA Servic¢s wived £2.51K> (2019- £?2￿>. Page 23