COMPANY REGISTRATION NUMBER: 05088364 CHARITY REGISTRATION NUMBER: 1104502 BSC Multicultural Services Company Limited by Guarantee Unaudited financial statements 31 March 2024
BSC Multicultural Services Company Limited by Guarantee Financial statements Year ended 31 March 2024 Pages Trustees, annual report (incorporating the directors, report) 1to7 Independent examiner's pOrt to the trustees statement of financial activities (including income and expenditure account) Balance sheet 10 Notes lo the financial statements 11to20
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the Gharity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in O¢tober 2019. Referencè and administrative details Registered charity name BSC Multicultural Servic8s Charity registration number 1104502 Company registration number 05088364 Principal office and registered office Room 29 19 Tower Street IpswiGh Suffolk IP13BE The trustees The trustees who seNed during the year and at the date of approval were as follows= B Ali (Chairperson) M Alam (Treasurer) MAII J Begum K Miah M Miah H Pugh Company Secretary M Khan Independent examlner L Thurslon FCCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Bueiness Park Bury St Edmunds IP32 7EA Bankers Lloyds Bank PIC Cornhill Ipswich
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (continued) Year ended 31 March 2024 Objectives and activities The charity's objective is to relieve the people from BME communities in Ipswich and Suffolk of deprivation and other related problems by challenging disadvantsges and discrimination by providing general seivices to the members of the community. BSC Multicultural Setvices {BSCMSI is an award-winning grassrools-based community organisation established in 1998 by a group of local volunteers. It has since been working in Ipswich and Suffolk for over 25 years and has an excellent track record of engaging disadvantaged, marginalised and vulnerable members of the local BME and wider communities. The organisation provides a number of capacity building programmes for local communities, is a resource and learning centre and key referral advice agency. BSCMS also works closely with statutory and voluntary organisation partners on projects related to heallh & well-being, education, immigralion, employment, housing. welfare rights and crime in order to raise awareness and empower individuals and communities, so they can play their part in society. The centre also organises various sporting, cultural and community events. BSCMS'S Project & Activities are being accessed by thousands of Suffolk's most vulnerable people who continue to experience poverty and deprivation. BSCMS recognises Ihe compelling needs outside of Ipswich for support and other services from particularlii isolated ethnic minority groups. BSCMS is now a highly significant ethnic minority organisation which represents a diverse range of interests well-beyond its originally core beneficiary group, Bangladeshi community members supporting more than 50 differenl nationalities. Public benefit The charity substantially relies on grants, and the trustees give careful consideration to the accessibility of its activities for those on low income. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidanc8 on Public Benefit including, The Public Benefit Requirement {PB1). Running a Charily (PB2} and Reporting IPB3).
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2024 Achievements and performance This was another busy year at BSC Multicultural Services. Below is a brief summary of BSCMS'S achievements and performance during this period.. Drop-in Support Services - This year we dealt with more than 2000 cases. Advice, guidance and support were provided lo clients on a range of issues including benefits, housing, council tax, health issues, hate crime, pensions, filling-in forms, immigration, signposting to mainstream services, etc. This is one of our ore seTViCeS and two part-time, bilingual. qualified Advice Officers work 5 days a week to help and support our clients of many diverse backgrounds (especially women, 81derly people, disab18d, refugees, asylum- seekers). Befriending Scheme This project continues to support more Ihan 100 disadvantaged and socially isolated BME people (men and women) via home and accompanied visits. Our activities help the clients to lead aclive, independent lives through various activities including chair-based exercise, outings, healthy walks, tea clubs for BME men, health-related workshopslseminars. Supplementary School - More 200 BME children and their families receive support with their leaming, physical and sportslrecrealional activities. In a County of aging population, there is a growing number of BME children in Suffolk. This project tackles educational underachievement, addresses antl-SOGial behaviour and promotes citizenship and social cohesion through Saturday school. homework club, sports days. intemet safety and security workshops, health and wellbeing awa".eness sessions, swimmin g with parents, educalional trips and oulings, among other things. Training and Capacity Building With limited funding, this project organised or supported a number of activities and courses that upskilled local people and improved our organisational capacity. This included benefits training, safeguarding training, football referees. course (level 11, improved football skills for young People. raised awareness of staying safe online for children and their families. as well as money heroe5 training. Carers Project- More than 100 BME carers and their families received support with a range of activities in Ipswich and Suffolk. Face-to-fac8 h8lp and support asid8, clients were signposted to olher service providers, outreach visits were undertaken and many other activities were organised including respite breaks, chair-based exercise, tea clubs, healthy walks and health Seminars for both men and women. We work closely with partner organisations including Suffolk Family Carers. Sports Project - Funded by IBC, Suffolk FA and Suffolk Cricket, this project engages BME people, especially those from Maple and surrounding areas, in sports activities on Sundays at Suffolk New Collège Sports Centre, as well as cricket sessions in partnership with Suffolk Cricket. This project reduces community tension, promotes social integration, health and wellbeing of participants. BME Social Prescribing Service Working in partnership with NHS Suffolk and North East Essex Integrated Care Board {ICB), this service continued to support BME clients with non-medical issues. Clients self-referred themselves to the service or were referred by local GPS, hospitals and other health professionals to address their social, financial, housing and family related issues. Tenants Support Project - For nearly Iwo decad8S, this projact supported IBC clients wilh a range of issues {including repairs, rent arrears. filling in forms, complainls and other related issues). We had a database of more than 100 clients, but due to funding pressures al IBC this service ended during this finanGial year. Global Food and Pita Festival - For the 11th year, this annual event attracted more than 1500 people of diverse background, celebrating world food and culture. Educational awards were also given to more than 25 students for their success in GCSES, A-Levels. undergraduate and postgraduate degrees. We received excellent feedback from attendees!
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (Gontinued) Year ended 31 March 2024 1 BIG Multicultural Festival - For the 11th year, this annual 8vent attracted aroLtnd 8000 people of diverse background al Alexander Park Ipswich. Working with local artists, perforrners, councils, businesses, community groups and other stakeholders, BSCMS promoted diversity through cultur8s, music. sports and food from around the world. Hardship Fund - This project continued to support clients in Ihe following ways.. 11 Offered hardship grants to individualslfamilies in need, 21 Distributed hot meals to the homeless in Ipswich, 3) Offered food vouchers to individualslfamilies due to cost of living crisis, 4) Liaised closely wilh local statutorylvoluntary organisalions to support some of Suffolk's most vulnerableldisadvantaged people. BSCMS could nol have planned and delivered the above projectslactivities without the support of Suffolk Community Foundation, NHS Suffolk and North East Essex ICB, The Rope Trust, Lottery Community Fund, Ipswich Borough Council. Suffolk County Council. BBC CIN, Suffolk Police and Crime Commissioner, SAI Estates. Suffolk FA, Suffolk Cricket, and Active Suffolk, among others. We are very grateful for their support. financial or otherwise. Award and Recognition for BSCMS - In recognition of its outstanding contribution and achievements, BSCMS and Suffolk FA competed and won a national award from England's FA at a ceremony at the Wembley Stadium. His Majesty King Charles 111 also invited BSCMS to a garden party at Buckingham Palace and the Prime Minister hosted us at a 'Communily Champion5' event at 10 Downing Street. Future - BSCMS will continue lo work in Ipswich and Suffolk lo support our clients. People of more than 50 different nationalities now access our services and projects, and with the support of our local and national funders we intend lo continue this work. BSCMS is a slim and lean organisation, and maintaining a healthy reserve is vital for short-lerm sustainability and long-terrn prospects. The trustees and management of the charity are well aware that we are operating in a very challenging economic situation, but meeting the n88ds of our growing client groups will always be our first priority. Thank you.
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (¢ontlnued) Year ended 31 March 2024 Flnancial review The charily's incorne for the year was £372,847 {2023.. £191,629) of which £320,427 <2023- £175,338) related to project restricled activities. The charity's expenditure amounted to £277,148 (2023: £251,030) of which £232,227 {2023'. £230,356) related to project restricted activities. The net income on restricted funds is £88,906 {2023'. expendilure of £55,018> and overall net income amounted to £95,699 (2023.. net expenditure of £59.4011. Principal funding sources The principal funding sourGes for the Gharity are Gurrently by way of grants, Pfojecl income from local authorities and other organisations as detsiled in th8 noles to the financial statements. Reserves policy The trustees, policy is to maintain adequate reserves for the following purposes: To 8nable th8 BSCMS to fulfill statulory and legal obligations to employ8es and others. To provide a contingency fund lo meet unforeseen falls in income or increases in expenditure. To allow for the orderly wind up of the charity if required. Historically, the trustees established a designated property fund with the long-term aim of enabling th8 charity to acquire its own property and thereby help to secure its future. In the charity's circumstances the trustees believe it is prudent lo maintain ras8rves of £94,000 (2023: £94.0001 which are the equivalent of no less Ihan six months unreslricted expenditure, amounts reserved for cyGlical maintenance and a dissolution fund. At 31 March 2024 the charity's free reserves amounted lo £99.948 (2023-. £93,155) which is expected and in line with the overall aims of the policy, a position which the trustees feel is prudent given the current economic circumstances and planned changes for the future. Plans for future periods BSC Multicultural seices intends to continue its much-needed work in Ipswich and Suffolk, but this is very much dependent upon it being able to access sufficient funding from both local and national sources. The organisalion has always been very slim and lean. bul maintaining a healthy reserve for organisational sustainability and future prospects is more important now than ever before. The Irustees and management of the charity ar8 W811 aware of this.
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (cOnnUed) Year ended 31 March 2024 Structurei governance and management Goveming document BSC Multicultural SeNices also known as BSC or BSCMS, with any of these terms used throughout these accounts, is a regislered charity and a company limited by guarantee. The charitable company was incorporated on 30 March 2004 (number 05088364) and its registered charity number is 1104502. The company was established under a Memorandum of Association, which sets out its objects and powers and is governed under its Articles of Association. In the event of the company being wound up members are required lo contribute an amount not exceeding £1. Organisational structure BSC Multicultural Services is governed by a board of trustees who m88t quarterly and are responsible for the strategic direction and policy of the charity. At present the board has 7 members from a variety of backgrounds relevant to the work of the charity. The secretary also attends meetings but has no voting rights. BSC Multicultural Services employs 2 part time centre managers who are respor)sible for the day to day provision of serviGes, ensuring that project objectives are mel and managing staff and volunteers. Recruitment and appointment to the board of trustees The directors of the company are also charity truslees for the purposes of charily law. Under the requirements of the Memorandum and Articles of Association, the trustees are elected at the Annual General Meeting and are listed in the reference and administrative detsils sections of thes& accounts. Further truslees may be appointed al any time, at the discretion of Ihe trustees in accordance with the charity's recruilment policy. Copies of Ihis policy and Ihe trustee "job descriplion" are available on application to the company secretary. Trustee induction and tralnlng All current trustees are familiar with the work of the charity, the majority having served on the Board for some time and have regular training sessions. New trustees are invited lo attend a meeting with the chairperson and the tr8asurer to familiarise themselves with the charity and the context within which it operates. The meeting would cover- The obligations of being a trustee., An overview of the services the company provides., The main documents which set out the operational framework for the charity including tha Memorandum and Articles., The financial position as set out in the latest published accounts-, Future plans and objectives. Risk management The trustees have reviewed the financial and operaling risks pertaining to the charity and identified key risks lo the charity. Policies and procedures are in place to remove or reduce the rtsks identrfied. The board reviews and re-appraises risk on an ongoing basis.
BSC Multicultural Services Company Limited by Guarantee Trustees. annual report {incorporating the directors. report) (¢ontlnuedJ Year ended 31 March 2024 Independent examlner re8ppolntment A Tesolulion to appoint L Thtsrslon FCCA of Lovewell 81ake LLP 8s independent examiner will be proposed at the nexl meeting. Sm811 company provisions This report ha5 been prepared 18klng advantage of Ihg small cDmpanles' exemptlon of secllon 41SA of the Cornpanies Act 2008. The Irusiees, annual report was approved on trustees by: and signed or5 behalf of the boÈrd of 8 Ali (Chairperson) Trustee
BSC Multicultural Services Company Llmited by Guarantee Independent examiner's report to the trustees of BSC Multicultural Services Year ended 31 March 2024 I repori to Ihe charlly trustees on my ex8min8tion of the financial slalemants of the Company for the yÈar ended 31 March2024 which Comprise the slatament of financi81 aclivilies lincluding income and expendilure account). balance sheet and the ielated noles. Responslbllltles and basls of report As the charity IrLsslees of the company {8nd also lis direciors for the purposes of company law) you are responsible for the pr8par211on of the financlal statements in accordance tha requirements of ihe Companles Act 20061'the 2006 Act'}. Having satisfied mysell that the finanGial statements of the company ar8 not required lo be audited under Part 16 of the 2006 Act and are ellglble for independent examinatlon. I report In respect of my examinatlon of your Company's financial stalemenls as carried out under sectson 145 of the Charities Act 2011 ('the 2011 Acl'l. In carrylng out my examination I have followed the Directions given by the Ch81ity Commlssion under secttgn 14515){bl of th9 2011 AGI. Independ•nt examin8es Statpment Since the ch8ftty's gross income exceeded £250,000 your examiner must be 8 m8mber of a body list2d In section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am member of th8 AssocSatlon of Chartered Gertified AGcountant8. whith is one of the listed bodies. I have completed my 8xamination. I confimi ihal no matters have come to my attention in conneclion wlth the examination giving me Gause to believe that in eny Material respect= accounllng records were nol kept In respe¢l ol the company as required by section 386 of the 2006 Act-, or Ihe financial ststem8nts do not accord with those records,. or the financial statements do not comply with thB accounting requirements of s8¢lion 396 of the 2006 Act other than 8ny quirement that Ihe accounts give a 'lrue and falr, view which is not a malter considered as part of Èn independent examination.. or the financial stalemenlg have not been prepared in accordance with the methods and principles of the St81em8nt of Recommencled Practlce for accounting and reporbng by charities applicablo lo ch8ri1ies preparing their accounts in accor(Sance with the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 102}. I have no concems and have come across no other mallers In conneciion with the examlnation to which attention should b6 drawn in thi5 report in order to enable 8 proper understandlng or the accounts lo be reached, /kn6 ,.1,,1,, L Thurslon FCCA Independent Examiner Lovewell Blak8 LLP Chartered accounlanls First Floor Suite 2 Hillslde Business Park Bury St Edmunds IP32 7EA
BSC Multicultural Services Company Limited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestrictèd funds Total funds Note ncome and endowments Donations and legacies Charitable activities Other trading activities Investment income 37,022 2,382 12,600 416 306.937 12,471 540 479 343,959 14,853 13,140 895 163,538 22,058 5,686 347 Total income 52.420 320,427 372,847 191,629 Expenditure Charitable activities 44,921 232,227 232,227 277,148 251,030 Total expenditure 44,921 277,148 251.030 Net incomellexpenditure) before Iransfer of funds 7,499 88,200 95,699 (59,401) Transfers belween funds 1706) 706 Net movement In funds 6,793 88,906 95.699 (59,4011 Reconciliation of funds Total funds brought forward Totsl funds carried forward 153,155 87,663 240,818 300,219 159,948 176,569 336,517 240,818 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies. The notes on pages 11 to 20 form part of these financial statements.
BSC Multicultural Services Company Limlted by Guarantee Balance sheet 31 March 2024 2024 2023 Nots Fixed assets Tangible fixed 2ssels 10 4,853 7,541 Current assets Debtors Cash at bank and in hand 11 72.058 280,913 352.971 86.922 247,144 334.066 Credltors". Amounts falllng duft wlthln one year Nèt current assets 12 {21,307) (10D.7891 331,664 233,277 Total as$ets les8 currènt Ilabllltias 336.517 240,818 240,818 Net assets 336,517 Funds of the ¢harfty Reslricled funds Unrestrlcled funds 176,569 159.948 87.663 153,155 Total charity funds 14 336.517 240.818 For the year endift9 31 MarGh 2024 the charity was entttled lo exemption Irom audlt under section 477 of the Companies Act 2006 relating lo Small companios. Directors. respon5ibillties: The members have not required the company to obtain an aLtdil of ils financial slatsments for the year in question in aGcordan¢e with secuon 476,. The director5 acknowledge their responsibilities for complying with tho requirements of the Act with respect to accountlno récords and the preparatlon of flnancial statements. These financtal Statements hBve been prepared In accordance wilh the provisions applicable to ¢Dmpanies 3ubjecl to the small companies. regime. These flnancial stalernenls were approved by the board of trust095 and authorised for issue on ..111.-..l.I.-.2.4.. and are signed on behaff of the board by.. B Ali IChairperson} Truslee Company registr21ion number.. 05088364 The notes on pagès 11 to 20 form part of those financial statements.
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the règistered office is Room 29. 19 Tower Slreet, Ipswich, Suffolk, IP1 3BE. Statement of compliance The charity constitutes a public benefit enlily as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Praclice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in th8 United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modif18d by the revaluation of certain financial assets and liabilities and investment prop8rties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The accounts have been prepared on the on going concern basis and the Trustees believe thal no material uncertainties exist. The Trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statement. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern. Income tax As a registered charity, the activities are exempt from United Kingdom Income and Corporation taxalion, provided that the income is applied to charitable purposes. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricled funds earmarked by the trustees for parliculaf future project or commitment. Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo SLtb-class8s: restricted income funds or endowment funds.
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements fcontinuodj Year ended 31 March 2024 Accounting policies (continued) Income All incorne is included in the statement of financial activities when entitlement has passed to the charity, il is probable that the economic benefits associatad with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donaled goods is measured al the fair value of the goods unless this is impractical to measure re5iably, in which case the value is derived from Ihe cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value Gan be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates= expenditure on raising funds includes the costs of all fundraising activities. evenls. non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the usè of the resource. Direct costs atiributsble to a single activity are allocated directly to Ihat activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduclion lo expense over the lease term. on a straighl-line basis. 12
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (conlinued) Year ended 31 March 2024 Accounting pollcies (continued) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated al cosl less any accumulated depreciation and impairment losses. Any lan9ible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent aGGumulaled depreciation and subsequent accumulated impairment losses. An increase in the carrying amounl of an assel as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been reco9nised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Office and computer equipment 25 /0 Straight line Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitut8s a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantee The company is limiled by guarantee and does not have a share capital. Every member of the company Ltndertakes to contribLfle to the assets of the company if it is wound up during the time that he or she is a member, or within one period afterwards, for payment of the debts and liabilities of the company contracled before the time at which he or she ceases to be a member and of Ihe costs, charges and expenses of winding up and for the adjustment of the rights of the contribulors among themselves such amount as may be required not exceeding £1. 13
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (Continued) Year ended 31 March 2024 Donations and legacies Year ended 31 March 2024 Unrestricted funds Restricted Total Funds funds 2024 Donations Donations 3,452 273 3,725 Grants The National Lottery Community Fund Suffolk Community Foundation Suffolk Counly Council NHS Ipswich and East Suffolk CCG Ipswich Borough Council Children in Need Ipswich Museum 193,062 31,487 20,000 30,241 14.220 17,654 193,062 43,907 32,500 30,241 22,470 17,654 400 12.420 12,500 8,250 400 37,022 306,937 343,959 Year ended 31 March 2023 Unrestricted funds Restricted Total Funds funds 2023 Donations Donations 2,000 5,036 7.036 Grants The National Lottery Community Fund Suffolk Community Foundation Ipswich Borough Council Children in Need Suffolk County Council Arts Council England 85,808 29,130 8,230 17,154 4,180 1,000 150,538 85,808 29,130 19,230 17,154 4,180 1,000 11,000 13,000 163,538 -14-
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements {¢ontinued) Year ended 31 March 2024 Expenditure on charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Salaries and payroll costs Workshops. seminars and events Post, stationery, printing and copying Advertising and promotion Support costs 2,265 21,142 154,963 51,091 2.503 5,659 18,011 157,228 72,233 2,503 6,294 38,890 635 20,879 44,921 232,227 277,148 Unrestricted Funds Restricted Total Funds Funds 2023 Salaries and payroll costs Workshops, seminars and events Post, stationery, printing and copying Advertising and promotion Support costs 6,721 9,727 251 960 3,015 150,136 42,371 2,221 6.245 29,383 156,857 52,098 2,472 7.205 32,398 20,674 230,356 251,030 Analysis of support costs 2024 2023 Rent, ratas and service charges Insurance Telephone and fax Office costs Computer expenses Depreciation Independent examiners fee Miscellaneous expenses 14,642 1.338 3,020 9,627 80 3,437 3,546 3.200 8,355 1,380 2,816 8,195 630 2,978 2,034 6,010 38,890 32,398 Net incomel{expenditure} Net incomel(expenditure) is staled after chargingl(crediting)-. 2024 2023 Depreciation of tangible fixed assets 3,437 2,978 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows- 2024 2023 Wages and salaries Social security costs 151,698 5,530 151,141 5,716 157,228 156,857
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 staff costs (continued) Key management personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £88,884 (2023.. £91,538). The average head count of èmployees during the year was 10 {2023.' 11). No employee received employee benefits of more than £60,000 during the year12023= Nil). Trustee remuneration and expenses The trustees neither received nor waived any remuneration during the year {2023'. £Nil). One trustee receiv8d reimbursed for expenses of £212 (2023.. £336)- 10. Tangible fixed assets Office and computer equipment Cost At 1 April 2023 Additions 34,377 749 At 31 March 2024 35,126 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 26,836 3,437 30,273 Carrying amount At 31 March 2024 4,853 At 31 March 2023 7,541 11. Debtors 2024 2023 Prepayments and accrued income 72,058 86,922 16-
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 12. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Accruals and defeed income Other creditors 1,827 19,480 84 87,842 12,863 21,307 100,789 13. Deferred incomo 2024 2023 At 1 April 2023 Amount released to income Amount deferred in year At 31 March 2024 85,808 (85,808} 16,654 85,808 85,808 16.654 17
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (conlinued) Year ended 31 March 2024 14. Analysis of charitable funds Restricted funds Transfer between At 31 March funds 2024 Al 1 April 2023 Income Expenditure Tenants Support Supplementary School Multicultural Festival Carers Project Seeds for Change Social Prescribing Service Miscellaneous Projects Euro Legacy Hardship Fund Empowering BME Communities 362 8,529 619 13,388 6,271 5,220 17,805 14,025 25.257 16.000 14.745) 120,433) (15,350) (15,959) (11,090) 837 5,901 706 22,686 11.181 31,812 4,466 2,075 5.433 32,832 3.913 (52,513) {3,800) {2,075) (17.224) 12,131 4,579 12,313 522 14,708 193,062 {89,038} (232.227) 118,732 87,663 320,427 706 176,569 Transfer between At 31 March funds 2023 Al 1 April 2022 Income Expenditure Training Project Tenants Support Supplementary School Multicultural Festival Carers Project Seeds for Change Social Prescribing Service Miscellaneous Projects Euro Legacy Hardship Fund Empowering BME Communities 100 1,206 12.526 10,774 12,523 18,679 1100) {7,804) 123,705) 122,455) 118,588) 112,527) 6,960 19.708 12,300 19.453 119 362 8,529 619 13.388 6,271 71,943 5,778 5,285 1.250 10,887 117 8,736 141,381) 116,066) (3,327) (3,303) 31,812 4,466 2,075 5,433 3,867 95.808 (81,1001 (230,356} 14,708 138,814 175,338 3,867 87.663 Restricted fund purposes: The Tenants Project provides support to IBC tenants in connection with their housing and tenanGy related issues. Supplernentary School runs a homework club. Saturday school, sports days and educational Iripsloutings for Ihe benefit of 1 OOS of disadvantaged children, young people and their families. Multicultural Festival relates to income received specifically for the annual event usually held in September in Ipswich. The Carers, Project engages BME carers and their families wilh respite breaks. signposting to mainstream services and other activities lo help them in their caring role. 18
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Seeds for Change, funded by IBC and other partners, is being delivered as planned and will be completed soon. Social PsCribIng Service. a partnership belween BSCMS and NHS Suffolk and North East Essex ICB is aimed at BME people, and it helps them to resolve non-medical issues with the support of Social Prescribers. Miscellaneous Projects are various restricted balances accumulated together for presentational and bookkeeping purposes, and these are managed and recorded separately for accountability. The Hardship Fund relates to income received specifically for the purposes of the fund. The Empowering BME Communities fund relates to income received specifically for the purposes of the fund. The following restricted projects have been completed: The Training Project provides a range of training and courses, aimed at upskilling BME people in Ipswich and Suffolk as well as building BSCMS'S organisational capacity. Euro Legacy Project was completed successfully as planned. Unrestricted funds Transfer between At 31 March funds 2024 At 1 April 2023 Income Expenditure General Designated Premises Fund 93,155 52,420 (44,921) (706) 99.948 60,000 60,000 153,155 52,420 144,921) {706) 159,948 Transfer befmeen At 31 March funds 2023 Al 1 April 2022 Incom8 Expenditure General Desi9nated Premises Fund 101,405 16,291 {20,674) 13,867) 93,155 60,000 60,000 161,405 16,291 (20,6741 (3,867} 153,155 The trustees have decided to designate funds with the long term aim of enabling Ihe charity to acquire its own property and thereby help to secure its future. Each year this is reviewed and where possible, amounts are transferred from the general fund. 19-
BSC Multicultural Services Company Limited by Guarantee Notes to the financial statements (continu8d) Year ended 31 March 2024 15. Analysis of net assets between funds As at 31 March 2024 Unrestricted Designated Funds Funds Restricted Total Funds Funds 2024 Tangible fixed assets Net current assets 3,510 96,438 1,343 175,226 4,853 331,664 60,000 Net assets 99,948 60,000 176,569 336,517 As at 31 March 2023 Unrestricted Funds Designated Funds R8stricted Total Funds Funds 2023 Tangible fixed assets N&t current assets 4,844 88,311 2,697 84,966 7.541 233,277 60,000 Net assets 93,155 60,000 87,663 240.818 16. Operating lease commltments The total future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than 1 year 4,457 17. Related parties During the year the charity reimbursed amounls of £Nil12023.. £80) to Al Tazid Foundation. Al Tazid Foundation and BSC Multicultural Setvices share B Ali as a trustee. There were no other related party transaction in this or the prior year. -20-