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← Bosco Society Ltd

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 06874789 (England and Wales) REGISTERED CHARITY NUMBER: 1129588

Report of the Trustees and Financial Statements for the Year Ended 31 March 2025

for Bosco Society Ltd

SB&P Chartered Accountants & Statutory Auditors Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP

Bosco Society Ltd

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 11
Statement of Financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 22

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 1

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

The governance Memorandum of Bosco Society Limited sets its Objects:

The Objects of the Charity are for the public benefit to promote any charitable purpose for the benefit of persons resident in the Liverpool City Region and include, but are not limited to:

(a) the provision of charitable social and supported housing and any other activities connected with or incidental to the provision of housing, social housing and supported accommodation;

(b) the advancement of education and support to move service users towards independent living;

(c) the furtherance of good health and physical and mental wellbeing;

(d) the relief of poverty, distress and sickness.

The overall aim is to help individuals recover and move towards permanent independent living.

Bosco Society Limited aims to achieve its objectives through the provision of three main services, including:

In addition to the support provided to individuals in the above schemes, we also provide Floating/Outreach support to a refugee family who have been accommodated and settled in a family house we acquired in the local community as part of a lapsed contract with Sefton Council, under the previous UK wide response to the humanitarian crisis in Syria.

During 2024-25 the Trustee Board undertook a strategic review exercise, from which the Board adopted (in March 2025) a new Purpose Statement to compliment it's Memorandum Objects:

Purpose Statement

Mission

Empowering people experiencing homelessness to transform their lives and live independently.

Aims

We are a charity that provides good quality supported accommodation to promote independent living by facilitating positive lifestyle changes with our residents.

We aim to provide our staff with excellent conditions of service, training and development opportunities to enhance their ability to deliver an excellent service to our residents.

Vision

We will demonstrate continuous improvement in our delivery of excellent services to people experiencing homelessness while always being aware of and responding to changes within the homeless sector.

Objectives

Our Values

We are committed to:

Page 2

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Public benefit

In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit.

Page 3

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

Provision of Accommodation.

There are 12 flats located in the wider local community, with 96% occupancy achieved during 2024-25. We also manage a three-bedroomed shared house in Seaforth, with 100% occupancy over the year. The tenants here are supported by an Outreach worker.

Our hostels are located at:

Bosco House, 59-61 Merton Road, Bootle, Merseyside L20 7AP Bosco Lodge, 153 Stanley Road, Bootle, Merseyside L20 3QG

We have 14 rooms at Bosco House and 15 rooms at Bosco Lodge, both based in Bootle, Liverpool. Occupancy levels in the House were 96.5% and in the Lodge 81% over the year. (NB The reason occupancy was lower in the Lodge is because rooms were kept empty when vacant to enable refurbishment of the rooms. Virtually all rooms have now had major refurbishment completed).

Individuals residing at the hostels may move into one of the semi-independent flats when they feel they are ready, and when one becomes available.

The Emergency Room service is available for rough sleepers at both facilities every night of the year. We now have three "pods" with private facilities at the House and two further at Bosco Lodge. Referrals are made by Sefton Council Housing Options Team or the Social Services Emergency Duty Team on-call.

We have supported 39 homeless people as new residents into our services over the past 12 months, this is low in comparison to other years as our ability to move on existing residents to permanent accommodation is difficulty mainly due to the scarcity of available social housing in the area. We provided flats to 6 individuals, rooms for 17 individuals at Bosco House and 16 individuals at Bosco Lodge.

10 individuals moved from the temporary supported accommodation at Bosco House and Bosco Lodge to the semi-independent flats in the local community. This is when their journey to independent living begins.

78 individuals used the Emergency room service over the year.

We have undertaken a review of the condition of all our properties. Where needed repairs and refurbishment has been carried out on our dispersed flats.

In the Lodge and House most of the rooms have been repainted or some more extensive repairs have been needed. We are planning redecoration of all communal areas in both buildings.

The refurbishment of the office areas in the House and Lodge has been completed. This has created a much better and cohesive working environment for the staff.

Personal support services

These are provided on an individual basis with practical issues such as budgeting, paying rent, setting up utility accounts, finding employment and other aspects of managing an independent life.

We also work in partnership with many statutory, voluntary and community organisations to provide clients with a range of educational opportunities, health related services and recreational activities to enhance their life skills.

During 2024-25 the staff have been organising new social activities with the residents, this has been well received, and we have a regular walking group, who explore different areas of our region. Also there have been two outings to Blackpool which have been thoroughly enjoyed by all staff and residents. The staff are currently looking into other ideas of interest to our residents, and will look to establish some new activities. The Board of Trustees have set aside £5,000 with the budget to help support these activities.

Volunteers

We have had two new volunteers in the office working alongside support staff, one who may come and work with us as a bank worker. We have had a Mental Health Student who has enjoyed his time with us and is now recruited as a bank worker. (NB Bank workers are called upon to help cover services when there are staff absences).

The four garden volunteers are still attending to assist our employed gardener maintain the external communal area at Bosco House.

We are grateful to our volunteers for giving their time so generously and helping in many ways.

Page 4

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

Other Achievements

We have been reviewing and updating a number of our existing policies along with creating some new polices. We have procured a new HR & HS support service, and we are working well with the new company, which we feel has been beneficial (and cost effective) for the organisation and staff.

We have a new telephone contract in place for Bosco House and our Shared House, this is with our current IT provider, which is working well.

The Council operates a Landlord Licensing scheme in Bootle, and we have completed all landlord Licence applications for the hostels and our dispersed properties.

Customer Satisfaction

At Bosco Society we value the opinions of our residents and enable them to input into the development and monitoring of key aspects of service delivery to help measure their effectiveness. We undertook a satisfaction survey among 42 residents and received 26 completed survey forms. The figures below show we are above our 85% satisfaction target in this area.

(NB It should be noted that the survey was undertaken before staff began to organise new social activities for residents. We hope levels of satisfaction will improve in future surveys).

FINANCIAL REVIEW

Financial position

The charity is reporting a surplus of £57,981 for the year to 31 March 2025 (2024: £94,063). The addition to general reserves strengthens the charity's financial position, ensuring stability for growth and development.

As at 31 March 2025 total general funds of £1,701,697 (2024: £1,643,916) where held, The charity holds no restricted funds.

Reserves policy

The trustees have considered the need to maintain an appropriate level of free reserves for the charity.

The reserves policy has been developed at best to retain at least 3 months running costs. Excluding functional/capital assets of £1,116,975, the charity has access to "free" reserves of £584,922,. This amount meets the requirement of the reserves policy and allows adequate flexibility of working capital should there be a delay in cash in-flows compared to cash out-flows.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As set out in the Articles of Association the trustees are elected by members of the charitable company attending the Annual General Meeting. The longest serving third of the trustees retire each year and are able to offer themselves for re-election.

Organisational structure

The board of trustees consists of at least 3 but not more than 8 members. The board normally meets monthly. A Chief Executive is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations the Chief Executive has delegated authority, within the terms of delegation approved by the trustees, for operational matters including finance, employment, and service delivery activity.

Induction and training of new trustees

New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law; the Charity Commission guidance on public benefit; the content of the Memorandum & Articles of Association; the committee & decision making process; and the business plan & financial performance of the charity. During the induction process they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Page 5

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties

Under the charities Memorandum and Articles of Association trustees may be engaged by the remaining trustees to provide goods or services to the charity provided the goods or services are actually required by the charity, the nature and level of benefit is no more than reasonable in relation to the value of the goods and services. No more than one third of trustees may have an interest in such a contract in any financial year. The trustee concerned does not form part of the quorum for that section of the trustees meeting in which the contract is discussed and/or agreed, and must be absent from the room and have no vote in the matter. All such related party transactions in the year are disclosed in the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06874789 (England and Wales)

Registered Charity number 1129588

Registered office

59-61 Merton Road Bootle Merseyside L20 7AP

Trustees

J M De La Cruz Rodriguez Mrs M Doyle Mrs B Whitrow N G Davies Mrs S Howard (appointed 2.9.25)

Company Secretary

Ms L Boylan

Auditors

SB&P Chartered Accountants & Statutory Auditors Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Bosco Society Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Page 6

Bosco Society Ltd (Registered number: 06874789)

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... J M De La Cruz Rodriguez - Trustee

Page 7

Report of the Independent Auditors to the Members of Bosco Society Ltd

Opinion

We have audited the financial statements of Bosco Society Ltd (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 8

Report of the Independent Auditors to the Members of Bosco Society Ltd

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

Report of the Independent Auditors to the Members of Bosco Society Ltd

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We obtained an understanding of the legal and regulatory frameworks applicable to the charitable company, and the sector in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006, Charity Act 2011, UK employment laws, Safeguarding Vulnerable Groups Act 2006, UK health and safety regulations and Housing Act 2004..

We obtained an understanding of how the charity is complying with those legal and regulatory frameworks by making enquiries of management, reviewing the board meeting minutes, reviewing the charity's accident book, reviewing the schedule of any ongoing and potential claims against the charity.

We assessed the susceptibility of the charity's financial statements to materiality misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 10

Report of the Independent Auditors to the Members of Bosco Society Ltd

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Suzanne Draper FCCA ACA (Senior Statutory Auditor) for and on behalf of SB&P Chartered Accountants & Statutory Auditors Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP Date: .............................................

Page 11

Bosco Society Ltd

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Independent living for supported recovery
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
Independent living for supported recovery
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.25
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
421
-
421
1,070,455
-
1,070,455
4,762
-
4,762
1,075,638
-
1,075,638
1,017,657
-
1,017,657
57,981
-
57,981
1,643,916
-
1,643,916
1,701,897
-
1,701,897		 31.3.24
Total
funds
£
2,036
1,030,790
4,418
1,037,244
943,181
94,063
1,549,853
1,643,916

The notes form part of these financial statements

Page 12

Bosco Society Ltd (Registered number: 06874789)

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,116,975
57,431
823,377
880,808
(295,886)
584,922
1,701,897
-
1,701,897		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 31.3.25
Total
funds
£
1,116,975
57,431
823,377
880,808
(295,886)
584,922
1,701,897
-
1,701,897
1,701,897
1,701,897		 31.3.24
Total
funds
£
1,141,503
35,239
853,221
888,460
(290,553)
597,907
1,739,410
(95,494)
1,643,916
1,643,916
1,643,916

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J M De La Cruz Rodriguez - Trustee

The notes form part of these financial statements

Page 13

Bosco Society Ltd

Cash Flow Statement for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repaid in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.25
£
88,400
(11,338)
77,062
(6,469)
4,762
(1,707)
(105,199)
(105,199)
(29,844)
853,221
823,377		 31.3.24
£
98,690
(4,363)
94,327
(40,112)
4,418
(35,694)
(9,835)
(9,835)
48,798
804,423
853,221

The notes form part of these financial statements

Page 14

Bosco Society Ltd

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.25
£
Net income for the reporting period (as per the Statement of
Financial Activities)
57,981
Adjustments for:
Depreciation charges
15,745
Loss on disposal of fixed assets
15,252
Interest received
(4,762)
Interest paid
11,338
Increase in debtors
(22,192)
Increase/(decrease) in creditors
15,038
Net cash provided by operations
88,400
2.
ANALYSIS OF CHANGES IN NET FUNDS		 31.3.24
£
94,063
13,171
7,354
(4,418)
4,363
(10,560)
(5,283)
98,690
At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 853,221 (29,844) 823,377
853,221 (29,844) 823,377
Debt
Debts falling due within 1 year (9,705) 9,705 -
Debts falling due after 1 year (95,494) 95,494 -
(105,199) 105,199 -
Total 748,022 75,355 823,377

The notes form part of these financial statements

Page 15

Bosco Society Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

Freehold property, previously recognised at historical cost will be recognised at market value following a full formal valuation. The trustees considered a market valuation represented a far more reliable and relevant valuation basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on reducing balance Fixed Assets

Recognised at historic cost and depreciated over their expected useful life.

Freehold properties

Following a change in accounting policy, freehold properties will now be recognised at market value.

Depreciation will be charged where it is considered market value falls below estimated residual value.

Revaluation reviews will be carried out with sufficient regularity to ensure the carrying value and residual values remain valid and correctly stated.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 16

continued...

Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Awarded by Sefton CVS to Bosco Society Limited for drug use research
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Rents receivable
Independent living for supported recovery
Housing support
Independent living for supported recovery
Syrian resettlement
Independent living for supported recovery
Rough sleeper & crash bed
income
Independent living for supported recovery		 31.3.25
£
421
-
421
31.3.25
£
-
31.3.25
£
4,762
31.3.25
£
791,759
238,389
7,015
33,292
1,070,455		 31.3.24
£
386
1,650
2,036
31.3.24
£
1,650
31.3.24
£
4,418
31.3.24
£
742,675
246,389
9,086
32,640
1,030,790

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Independent living for supported
recovery 1,017,657

Page 17

continued...

Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25 31.3.24
£ £
Depreciation - owned assets 15,745 13,172
Hire of plant and machinery 3,344 3,199
Other operating leases 95,823 97,150
Deficit on disposal of fixed assets 15,252 7,354

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activity staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,036
Charitable activities
Independent living for supported recovery
1,030,790
Investment income
4,418
Total
1,037,244
EXPENDITURE ON
Charitable activities
Independent living for supported recovery
943,181
NET INCOME
94,063		 31.3.25
£
607,975
50,364
10,634
668,973
31.3.25
24
Restricted
funds
£
-
-
-
-
-
-		 31.3.24
£
567,039
44,719
9,398
621,156
31.3.24
24
Total
funds
£
2,036
1,030,790
4,418
1,037,244
943,181
94,063

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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continued...

Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
1,549,853
-
TOTAL FUNDS CARRIED FORWARD
1,643,916
-
10.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
COST OR VALUATION
At 1 April 2024
1,065,918
116,627
9,368
Additions
-
3,407
3,062
Disposals
-
(35,868)
-
At 31 March 2025
1,065,918
84,166
12,430
DEPRECIATION
At 1 April 2024
-
43,740
6,670
Charge for year
-
14,929
816
Eliminated on disposal
-
(20,616)
-
At 31 March 2025
-
38,053
7,486
NET BOOK VALUE
At 31 March 2025
1,065,918
46,113
4,944
At 31 March 2024
1,065,918
72,887
2,698
Cost or valuation at 31 March 2025 is represented by:
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
Valuation in 2021
1,084,967
-
-
Valuation in 2022
(19,049)
-
-
Cost
-
84,166
12,430
1,065,918
84,166
12,430		 Total
funds
£
1,549,853
1,643,916
Totals
£
1,191,913
6,469
(35,868)
1,162,514
50,410
15,745
(20,616)
45,539
1,116,975
1,141,503
Totals
£
1,084,967
(19,049)
96,596
1,162,514

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Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Rent debtors
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Trade creditors
Social security and other taxes
Pension
Other creditors
Housing benefit overpayment
Accruals and deferred income
13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 14)
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal		 31.3.25
£
51,499
5,932
57,431
31.3.25
£
-
1,202
13,209
2,036
193,490
9,509
76,440
295,886
31.3.25
£
-
31.3.25
£
-
-
-
-		 31.3.24
£
30,909
4,330
35,239
31.3.24
£
9,705
476
10,937
1,711
193,490
6,598
67,636		 31.3.24
£
30,909
4,330
35,239
31.3.24
£
9,705
476
10,937
1,711
193,490
6,598
67,636
290,553
31.3.24
£
95,494
31.3.24
£
9,705
10,090
32,730
52,674
10,090
32,730
52,674

Page 20

continued...

Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 31.3.25
£
94,758
96,788
191,546		 31.3.24
£
78,000
91,000
169,000

16. SECURED DEBTS

The bank loan is secured by a fixed charge over the property known as 59/61 Merton Road.

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.24
£
1,643,916
1,643,916
Incoming
resources
£
1,075,638
1,075,638
At 1.4.23
£
1,549,853
1,549,853		 Net
movement
in funds
£
57,981
57,981
Resources
expended
£
(1,017,657)
(1,017,657)
Net
movement
in funds
£
94,063
94,063		 At
31.3.25
£
1,701,897
1,701,897
Movement
in funds
£
57,981
57,981
At
31.3.24
£
1,643,916
1,643,916

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Bosco Society Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,037,244 (943,181) 94,063
TOTAL FUNDS 1,037,244 (943,181) 94,063

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 22