hiifiiy F¢bFi%iraiion number., 1141411 Bestwood Advice Centre 1.1 company lirnit¢d by guarantee) Aiinii4?l Report lind Fiiiui)Cli11 Staiemeni$ for t￿, I'Ldr Èn(ILd.111 Juiic 2(1?4 Coiniiiunit>' A¢iOUntingT I)Iu Units I &. 2 Nortli WL'SI 41 '1'dlbor Srr¢¢t Noiiin&Thaiii NGI SGL Bestii'ood Ad￿ce Centre Contents li¢fcrcnLx and Adintnistrallv¢ ik*ails Tru51ees' RepoTI Ind¢p¢ndeni ExJminel¥ Repvn StaiyiiLnl vt-PinanLilll ALllVItTI 7toN Aalance Sh¢ei N01¢5 to Ihc Financidl Sui¢mcnls BesN'ood Advlce Centre Referenee and AdministratiNe Details Ch8irm#n Jay Il¥ye Tru5tces Brian GTnLOLk chri51Vph￿ Ilovpir Susan Fo%ter. Manager S¢aSor Nl&nggerneni T¢Am Charlry Reg15trgtlon P4umber Compwny ￿e￿IstratIon NumbeT 075292116 Rc¥lytLirL,d Offtcc 21 ' is a rompan) litniti￿ b), 8uaraniLc and rc&ki%icrcd chartiy. 11 1% opcrhied undLr IhL rulcs of iL Inemornndum and artlLlis ol. i15SOCiation daiLd 14 •11 l. Il h¢i% no bhare capital and Ihc liabiliiy of¢ach meimbcr in Ihc cveni ol-windirt¥-up is l&miicd lo 110. "I"rublL'L% arc LIL'Ltcd and LU-OPtLd und¢r ilii tem]% of thL ArtILle% vf A4%()Liaiion or IhTough adverti%inB, dpplicafioji fvTtn. ob¥LYvdlional i'itsii inriyvicw. .Vajor ri.sk* ri.¥kf Objective5 aclivities ObJÉcts' Tu the AdviLe Ccnirc cftiklclltly ￿ etrcitivcly irt uidcr tl) meet tht gTri)wiiig and divcrsc nttd% ot'the cnrnniuiiiiie.I we seThe- Tn prowide sncial iveltaTe ftrgh￿ ond debr adi ire. %upport repre.seniatino'. "["() pr()vide a conf]dL￿tIal and safc LnvirvnTneni. which supports rlsponds 10 indivjdual needts wiihoui Til ¢11sufk that thl ddviLL dnd infi)nlliiliOii grjl'Ln ia Lliirtl% 1% up r(> ddlL', aLLufdlL dnd rL'ILI'anr ru thL'ITI.' Til priiviJL iliLni¥ ￿th ¥uffiLILnt impurtldl ttdi'iLL diid infnrm#rii)tt Ii) illdbll IIIL'M t() makL Infi)rniL￿ dLLI%IUD%'. Tii dLv¢lI)p IliL' AdviiL' CLlltr¢ ttii iiidL'PLiidkll1 ddi'iLI Il&lc'iiLy by pr(iniiJtin&T L'ff¥xtivL' usi. ()f irs rL'biiiifiL4 allLf L'll5urii)gk Iiifnrmaii()n d7%playLQ 1.4 4CLL%51blc ujid rL.%P()J)%ivL lil IiJcHI aJ]d iiidii'idudl nicds.. To ensure thc manabtmcni group, stalT and volunictrs ritciv¢ Iraininb Jnd suppvrt lo enable them io reali5¢ Ihc aims vf Ihc LLmtrc', Tu dLv¥lop dnd rLviLW poliiiib Iu PToinolL L'4Udl UPPOnuRiliLs ¥1 Ihi Advil¥ CLnirL' ¢n5urinb fdiT atKI nvn41i5Lriinindlury prdLIi¢is' 'lo liai%i wirli lts¢al prii'aii. public 2nd voluntary bodiL5 10 L'n$urL' LffcLliVi and LfftLiinl dilivL'ry vf profe%%ional %eryic¢. Be5kn'ood Advlce Centre Trustees, Report Objertlves,.flro*e&Jies Jrtiviliéi Durtnbj Ihl PLriod Jiilv ?n22- Jiini ?021 BL'sNood AdviLL IBACI has LonlinuL'd ru bi ¥ k¥y providir ot- wLlfdfL riglils and dLbi advil¥ 10 rLsidLnls froin BL5tTh"oiJd dnd surroundinb ivards of NviiingTrl)ain Ciyv. BLIll￿T a kLry SQUTLL at. support and inforniation fw lh¢ ino%1 14ilntrable WL. havc adaplcd Dllr ￿￿'ICe5 and dcvLIopLd new, ways in Thorking 10 increa%e iervic¢ d¢lJvery. Wi hdKC iakcn ort cxlr4 stslT to mcci Ihc irttreased dcThand, 2213 ncw cdses wcrc op¢n¢d for thc pcriod oroi July *O??_ 30 Junc ?O?_l. Wc huNe 5ccn an inlreascd anK>unt ofcornpl¢x with th¢ m&joriiy bcin¥ iimpaclcd by th¢ inLrcascd i(7$1 or lii.inbi crisis Our advi5crs arc Iraincd in boih dcbi suppori and w¢llarc rights, hvwcvcr thc dcmand for th¢ sen'ice outstrips our ￿SOurce*. Our approach io 011 our clien15 is 10 off¢T 3 holisiic sen-ice- dealing no¢ only with ih¢ is%ues Ihey presenl 10 US bul also any surtouncling pioblem%. The inteniion is lo iry 10 pr¢v¢nt luture probl¢m% and e[npO￿.er Ciii/en% 10 ¢ope betler in ih¢ future wh¢ih¢r 14'iih technology. in10ri￿all0rt, OT oihcr batri¢rs. W¢ are a uowiJ]g ihariry #nd have d¢i"clopeil more portnership woikinb* wilh oigwjsaiions including rhc Triisscll Trust, British Gas atid thc local PCN. Due 10 Ilie curr¢ni tinaiicial climk]ie ive don't w?nt to be too dependent oji aiiy lunder and are consiaiiily lttokinb tor nem, partner%hip opponunities. We have siarted wprking ￿'11h Nottingham l.Èw Schaol to develop I'olunteer opportunities ihrou¥h an adi'tseT Iraining pro¥ram. We hai'e roles available ID advice. admin and tnjstee oppominiti¢s. B.4L ciin¢inuL'% achiL*'L' high IcwLl% (if (>UTLI)mL'% f()r LitiZL'n5. In ihc fiiianLiul }'ear 21122-20?l. JchiLivcd ivLlldri, bcllcfit% gains aDd Lharity suppL)rt ot. OVLY LI.7 Thilli()t) manabsc d d¢bi& of ov¢r £680,000. Mosl of Ihc Jdi'ic¢ bTtvcn i¥ in Ihc ficld ol. wclfarc ribTh15, lI￿¢1Y lollow¢d by d¥bi adviL¥ und ulhir Laiegorics such ab enirgy issuib. BisttkY)od Ciptr¥' is a lonb- ILllii. SU¥LL'ssful IvLdl Lharity whiLh is now In its Igih year. It niLLls a wid¥ tanbTC Df necd% foT eilizcn.s and thL %iaff ILams' teputalion a% tTU4tLd. hclpful, approacli8ble. and effLctivc in ottd Estate. Thss welfare right8 and associated provisinii contlllU¢S to b¢ central io it% stNation oil Be4twr proi"iiion is supportd through its commiiied mL%ie¢s workiTr8 alon¥4iJc Ihc Paid ¢mployc¢s 10 coniinu¢ Ihjs proiision conlinucs. Inanclgl rel'lew BiSlWI)i)d Adi'iLL QLn¢tL IS L(IntinuinbY l(I thrivL, Lwcn undLT Ch￿l[lA￿j LLrLumtstJilLL'S. Polit)i re%erve.¥ Re%twood Adi'ice Cenire% aim is 10 k¢¢p the toial re%ery¢s beiwren £40.000-£5n.000 Page 3 Bestm'ood Advice Centre Trustees, Report P¥blii' behefil In lini with IhL Jims Lif BLsiwood Adviil. C¥nlrL WL prvvidL SoLial WiltarL Ribkhis and jx.bi ddvicL. biiiidanrc. nLbTolialion attd rcprcsL'ntalion in a LonfidLniial and 5afL Lnvirvninlni. w'hiLh suppons 2nd T15ponds 10 individiial IILeds witlinui disLTiiniiiaiion. We givL adi'iLL on housing, Lducation. L'niployincni and innsuniLY i¥SU¢ with tcferrals. H'hcr¢ necessary. 10 4peeiaii.41 advice a¥encses. Wc work 10 Ihc AdvicL Quality Sidndard for 'G¢ncral .4di i¢c wilh CasLwgrk' in ihc drcds of WLifdrc Righ1&. ElcnLfJis an(1 Dcbi. By providing sulliLieni JdviL¢ and guidanLC inif¥ascd knowlcdb)c and undcrsian(lin&T cnthblc.¥ inloiThed dccisiuns lo b¢ madc.- by iinprovInb finanit21 rapabiliiy Ihc indivtdual and thL comm￿liY bcncfii. Thc aLIII'I(ics onrribuie tow.ards a reduction in poverry and rnaximisin¥ income. Th¢ iwqiccs ttsnftrm ih&t they hai'e coThplicd ivith thc rcquircmcnt% of %cction 17 af thc C-hariiie¥ Affl 2(11 I to huve due regard Ir> th¢ puhlic benefii guidance publi%hed hv tlie Charity Commi$sion tor Englattd Wales. Achie%'ttDenl% and perffjrmante Duriiig the petiod July j1123 - June ?1124 Bestwoad Advice CentT¢ IBAC'I ¢Diiiiniied to b¢ a key pmvider of weltare right% and debi advi¢e ID re*ideiil.4 trom B¢%tW"0￿ ￿ld .4urrounding IN'arrf$ of Notting1￿￿ Citv. Being a kev source of iupport and infomatiort for the mo8t I'uliierable hai'e adapt¢d our ser% ite4 and develo￿rt he￿. ways in workingy to in¢Tease Service deliTr'ery. We have taken on exira staff to Ineet th¢ increased detnand. 2574 ncw c8ses ￿re opert¢d for ih¢ period of 01 July 20?2 30 June 2023, an increase of 200/0 from Ihe prL'VlI)U% yLdr. WL II#vL %LLn an InLi¥a4Ld ¥&m()uiit i)f LoniplLX Wlth thl mdjurity In)paclLd by thc IIIITLasLd L(1.4t (If Iii'iiigw iri%i.%. (JUT udvJgL'Th arL IrdlnLd in bi)rh dL'bt %upp(irt and N-LlfurL' ri&Tlils. how¢vLr thL' dL'mdnd for IhL' 4Lr%'ilL' ()Uf5trips OUT tL.wurLe%. ()ur appr(iach to all uur Lliciii% Is to ()ffL'r a h()IistlL SL'tviLL: dedlitsw 2Jot unly wtth the issues Ih¢y present to U5 bui al&0 any hUTrounding pruhleins. The inteiilioll Js tt) try t prEI'eJii fvtUTe probleTllS and empower L'itizens to cope bett¢T in the fvture whether with technology. intunnaiivn. ur uihLr bHrriLrs. Wi ¥rL J bJTVM'illgp Lharii>' dnd havL dLVI'lupLd TnurL pdnn¥rship WVTkinbi %4'iih ur&ianisaliuns iniludingy IhL 'I-ru5hLII .1 rus1. Ilriti¥h dnd ¥hL IuLal lJ('N. Nollinyihdm C2ry Couniil have withdrawn IliLir funding In tliLir finaiiLidl rLsiriLlis>n.%. l)uc (() IIIL. currL'ni finaiicidl ilTniulL II'L doTr'l Nwdnl lo bL' lon dCpC￿dL￿T on aiiy onc fijndcr aiid arL' con%ianily looking for nLW' parthcr%hip opw>rtutiiliL'4. rl, hdV¥ SUrtL'd i)iir 2iid yiar ivi)rkiiigJ ivith Nottill¥khdm S¥hool iu dLI'ilup %'()IuniiL'r uppnrruJiiiiL'S tbroubyh n Jdviscr Irdining pro¥rain. W¢ hail rolci availAbl¥ in advitt. domin and IruslLc opportuniiics. Ille would Itk¢ to thank our fund¢rs. volunlecrs dnd siaff membcrs for their support over the past 12 monthb, wiIILouI ihem we wtsuldn'i bc abl¢ 10 h¢lp offer ihis muLh nceded ¥uppon 10 th¢ residents. of Noiiingham. EIAC LVntiTr￿s lu aLhiLI'¢ hi&Th IL'V¥ls of vuiioinLS fvr LiliZL'ns. In Ihe financial year 2022.?O?3. a¢hieved w'ellare b¢neli18 gains and chariiy $upport ofjusi under £2 n)illion and mana¥cd dcbi.% ofapprox £300.000. Mo%1 ofihc adiicc giicn is in Ihc fjcld of wrifarc ri8hi%. clos¢ly follow¢d by dkbi iidi icc and oihcr caicgorics such eacrgy isSUCS. I4¥b1wv￿ Adi'iLC Ccnir¢ is a lonb- IcmTr. sucecsslul Iocdl rharily which is now in i15 40th ycar. It mcct¥ a wide rangie nf lleeds fnr citl7Ens and ilie statt. ieam%' repttiatinn a% trusted. helptul. apprth8chable. and elTective in weltaTe right% 2%%0ciaied provision continue% to be central 10 its siluatton Beitw'ood r.8tate. Tliis proi i.qion 18 %upport¢d through SLS tommiited trustees ivorkin¥ ulongside the paid ¢niploye&s 10 continue Ihi proi'ision toniinues. Page 4 BestiTrood Advlce Centre Trustees, Report The InLsiees Iwlio Dr¢ al80 the direciors ot- R¢%iwood Advice Cenire lor lh¢ PUTPOSe% ot. tompany lawl are re￿p0￿$1b1C loi prepariiig the iru.slees' report and Ili¢ linanLial sial¢tnents in accordan¢e wilh appliEttble law aiid Uniied KinBdom Accouniing Sta￿dards IUnit¢d Kingdom (i¢nerally Accept￿ Accounting Pyaclicel. inrluding FRS 102 "The FiiuiiLiol Repuftilig %tdnildrd dppli¥Jble in rlii UK Lind RLTiibli¢ vf IrLlaiid" ThL' fL'pon aiid aiiiiunts havu b¥LlI pfLpaMd in dLLvrd￿IILC M'ith Ihl PTOVlSlUrts Jji thL Comp￿￿ll￿ A¢1 )006 rLl#iinb7 ti) small LiiillpdniL'S. C(Impaiiy la￿. rL'4uirLq the InL%lL*￿ ui prepdrl, finan¥ial %taiLniciii% foi L'auh finaiiiial yL'ar. Iliidcr ci)mpaiiy laiv thc irusices niusl llol approve the financidl siaicmenls unlcs& Ihcy are salisfied Ihat Ihcy Kivc a Iruc Jnd fair vicw. ol- Ib¢ sldlc ol. affrflits of thc chariiablc cuTnpdny and i)r th¢ incorning r¢SLiurccs and 4pplicdiion Lif r¢sourccs. inLludingT Its inLomc dnd uxpcndiiurc, ol. Ilic khdfiidbll ioiDpany Ivr Ihai pcri()d. In pr¥paiinJJ Ihcbc linJn¢ial 51JlcmLnlb. thc IrusiCC5 arc rLquircd ILI.. IcLt suitable accounliiig w>liLics and apply Ihcm ¥oTr%istenily* IibseNL th¥ [nL*th￿S dnd prinLLplc% in IhL' ChanriL% %()RP; Indke judgeiiieni% and ¢sliimaies Ihai ar¢ re&wnabl¢ 8nd prudeni.. $t#te whether appl¢¢able a¢tounting standards. comprtsirt8 FRS 10? hAwe been followed. %ubj¢ct to any mai¢rial departure% disclo$¢d und explained in the financial 8iatements'. and prLPaTi IhL tinyniial hlalliiibnts un Ihl ¢unLLMn basi¥ unlL%S It 15 indppwpriail to pN%uJnc ihai IhL Lhariiabli ¥Dinpanv will ¢urtiilliiL in bu5inLSS. The truslteb are T¢￿PonSible lor k¢eping proper aLeounting r¢iurds thai Lan disLlose with T¢asunable eLcura¢y at any lime the tinan¢ial p051tioD of ihe chaTitabl¢ rompany and enable Ihem to ensure ihat ih¢ tinancial sialeTn¢nts comply %4ith Ihe Cotnpanies Aci ?006. They ar¢ al%0 responsible for &ateguarding ihe 4?ss¢ls of Lhe charitabl¢ Company and hence IOT lakin¥ reasonabl¢ step% IOT lh¢ preveniion and deiection ol-lraud and other irrebwularities. "I h¢ tn15fL*b ari rcspon%ibl¥ for tliL IndinlL'nancc and illiLbrily of thL Lorporatc and financial infunndiion 1ni1udL￿ lin tlie Lhdriit)blc cuinp(Iny'% w1b1¢ for independeni exlltningiion. I report In Tespecr lif my e¥amination ol-your cliariiy'5 ac¢ounl% ths carried oui under s¢ction 145 ot- the Charities Act )Ql I I'the 701 l .Ict'l. Iii carrving out my ¢¥aminaiion I haNe follo￿ed ilie t)ire¢lions given by Ihe Chariiy Comnii&sion under section 14$15Xbl ot the ?01 l Act. IndependÈnt examlner'% stat¢￿ent J have L()mpleied tny ekntninaiiott. l Lonfjm) th* n() matter.4 have Lomf io my utteniion in Lonnecrion with rhe Cx&￿i￿allon Eii'ing me cau5C to believc ihai in any material TCSPCCt-. iIDuiiliiib* r¥iord% WL'rL iii>l kcpt in rL%pLLt ftf IhL' Li)tMpany rL'quifLxI by SL¥tion IX() of ihL 2006 Aci.. or 2. the accounts. do noi accord with Ihos¢ re¢oTdb'.' or 3. lh¢ ftccouni￿ do noi comply wilh Ihe aceounlin¥ requirements Of-￿¢clI0n 396 of Ihe 2006 Aei oih¢r Ihan anv requireni¢nl Ihai Ihe acLounLs give a 'irue and fair, trtew which is noi a rnaiier considered a.s pari of an 4. Ihc aLLOUnt% liave nut bLcn prcparcd in aLC(ITdancL M'illi ihL' mcihod5 and principlL'% of thc SialLryncnl of KciumiiiLndLd ll TdCtILL fur dLLL)uiiiinLF and TLPUrtinb by LhdritlL.8 lappliidblL 10 LhaTitlL% pfLwdTJllbJ rlic'ir aLLciunt% in aLL()[d￿lIC* wirh ihL FinanLiyI RLyi>rtiiigp Siatrddrd dppliLiiblL 111 IhL IJK diid RLpuhliL l)f IrL'land IFRS IOtiII. hai'e no coiicerns and have roine acro%$ no olher mailers in conneciion with the examination 10 M'hich aiieniion hould be dr2wth ITr thi% report in order io enabl¢ a proper under.¥iandin¥ ofihe a¢tounl% ro be teached. John O. LJI MSL. FAIA, FC'IE. empluyee of Cummuniry ArLoulliirtg Plus Fclluw Lkf IhL AssoLiaiivn ofchdrily In¢J¥pcndcnl E¥dmin¥ll Units l &- 2 Nunh Wcst 41 Talboi StrLLI Noiiin¥hdin NGI 5GL le.. t>S Ictrs I Lg- Paste 6 Bestm'ood Advlce Centre Statement of Financial Activities for the Year Ended 30 June 2024 {Including Incnme and Expenditure Account and Statement Df Total Recogni5ed Galns nd Losses) Tot¥1 2023 Unrestrl¢ied Re$irlel¢d 2024 Note Income xnd Lndowm¢nts from: DonaiLVDS dijd legariL'S hdriubll 4LtiviriL 42,064 102 42,064 197.gh6 23.954 I IIX.6114 197,8fv1 Toliil InLumL 42,166 197,864 240.11311 11? 55% Expenditurt on.. 2.339 1187.65&1 18S,3171 otsl Exi)cnditllrc 1.-33y I I X7.6561 NL?i incomellcxpcnditurcl TrLiii%f¢r¥ IK&tw¢¢n futtds 44.505 13.5091 10,208 3,509 54.713 139,5711 N¢t muvem¢nt in funds 40,996 54.713 139,5711 Reeon¢illatioN olfund5 Tuial funds broubhi fL)TrvaTd Toldl funds LUUiLd foTward 20.￿19 26,799 46.848 86.419 61,045 40.516 46.848 All of ihc charity'5 JCIiN'111¢5 dcrivc froni coplinuing opcraiions during Ih¢ above Iwo periods. The fund¥ brcakdown fur thc pcriod ib tshvwn in nvle I l. The noies on pa¥e4 10 10 18 fomi an iniegyral parl Ot. Ihese tirtancial sthiem¢nts. PaK¢ 7 Be5tTh'ood Advlce Centre Statement of Flnancial Aetivities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement nf Ttstal Recogn15ed Galn5 2nd Los%e5) These are Ihe fiKufw4 for the preiloijs #CCllUlJtlhx period and are in¢ludLyI for comp9r•tive puryTr¥e5 Lnre5trlttcd Restricted TotAI fund% fund5 2023 ote Endowm¢ttts from: t)onaiions aiiJ legacies Charitable aclii'iiie8 23.954 13.954 108.604 23,954 108.604 132.$58 Expenditure on: C'haritable actLI'jtie5 1172.12¥1 Total expenditure 131.(J58 1172.129 Net ¢xpendiluTe 17.1041 132.4671 139,5711 Ntl nJoicn)cnl in fund5 (7. IIMI 132.4671 139,5711 Rtconclllati(kn offMDds TO1￿?] t'unds brtsu&Jhi lorward Tolal funds carried forward 22.336 64.083 86.419 15,!32 31.616 46,84 The noies on pa¥e$ 10 to 18 form an Trniegrnl part ot'ihese rtnancial s￿￿T￿en15. Page 8 Bestw'ood Advice Centre (Registration number: 117529286) Balance Sheet a5 at 30 Juiit 2024 2024 202J riote Flx¢d 8ssct5 Tiin¥iblL' 1.024 Current As¥et5 Dehtors LAsh ar baT& and in hand 1.375 48.7XX 102,556 48.78 Cr¢dltor5: Amoun15 falling due within one yeY4r 12,0191 11.940 Net current 855ets 100.537 46.84R Ne¢ assets Fund5 of th¢ ch8rlt*: R¢stricted Income funds Restricted fi]llds 40,)16 26.799 Unrotricltd Income funds Unrestricted tunds 61.IH5 20.049 46.848 I'ot#l fund5 FUT IhL fiiiJiKial )'car Lndinbw 30 JUDL 2024 thc Llidrlty Lmiiiflcd 10 LxcmpIiOLi froiD dudit under SLilton 477 of thc ('.ompani• ALI 2(K16 rLlating 10 small companie￿. DirL6roTh' rLspoDsibilitics'. Thi. mLTnhL'fi hHVL' ni)i ￿'4￿1T￿Y1 rhL' Lharity to obtdiij ali avdii of ils aLlOiUlts flir ihL yLar in qu¢￿ti' t(1 4uih ￿tIVIti￿￿ and ihosL' uJs¢5' 1)f indirlct OdluTe ￿el￿s￿arV lu support th¢m. Gol'ernmtnt grant$ (y()VL'rnniiiii WdTits iirl ri¥(Iblli%L,d Llrt rhL IIILTU4LI mi)dLI uii¢J arL' mLYLsiifLd ?t thi. f4ir VdluL of IhL tLq%¥t rLILII-Ld i?r rLiiivablL. (iraiil% aTL' clu%sific(l as rclalii)g LithL'r lu rL'VLliUL or lo a54LiS. (yiaiil% rLlarii)g t(1 rL'vL'IIUL' are rccogiiiSLd iii iiicoinc (Ivcr ilic ￿[l()d in ivhibh Ihc rclaicd lost% are recogni%cd. (iraii15 T¢laiii)¥ io assc1￿ a retognised Trver the exr￿ted usetiil life of the assei. Illhere part of a grant relating to an asset IR deferred. ii is TL'¥u¥ttisLd ab d¢fLYrcd inLusn¥. T•xAtlon The charity is Considered to pas5 thE tesis sel out in Paragraph I Schedul¢ 6 of the Finance Aci 20111 and therefore st meet4 the definition of a charitable cornpany for UK CQTporation Tax purposes. Accordingly. rhe lTrarily 14 Potenliallv exEmpi froim taxatlon 111 Te%pect ot incon)e or capital receiied ￿1[￿117 C￿te￿TOrieS cov¢ied by Chapier 3 Part I l ot. Ihe Corporation Tpx Aei 2010 ar Section 2£6 ot. Ihe TaxaliDn ot. Chargeable tiain4 Act IlJ92, 10 thL L'xicni ihdl 4ULh incorne or Lyaiiis drc appIlL￿ LuLlu%ivcly ID Lhdriidhll purpo%L%. Tan%ibli' fixed a$5tts Indiwidual fixed a%seL% cosi*ng £500 or rnore Ère inilially recorded at co64 3 Income from tharltable RLirlvlile5 rfstrictL'd fund¥ Gineral R(￿triLtl'rt fund5 Total 2024 Toial 2023 Granls and donaiion8 Sundry TLLLIPIS 197.864 197.864 102 IQX,OU4 102 102 197.864 197.966 I(>X.004 Pa¥e 12 BesN'ood Advlee Centre Notes to the FinAncial Statements for ihe Year Ended 30 June 2024 4 (Jrints & donatllln5 Uorc5tri¢¢cd fund5 Restrictcd fund5 'I'otal BL'snvoo(l and Bulivell Foodbank. St Anns Adi'5ii tiTLIUP Nvttin&haiii Law CLntrL 2 Bi%lM'cxxI DircLtioJ)% Ni)ItinLThdm & Di%triLt CAB National Grid The Naiional Loli¢ry S¢i'Lm Trcni ￿'al¢r Nollinghani Ciiy OPP ISPLWI Hope Noiiingham Sundry Donaiionb 28.478 23.495 28.478 23,77.% 280 22.570 3.000 6(1. ITh) 6().100 6.6(10 32.734 32.734 512 35.¥XO 4.-177 36.3y• 4,ljO 4.1?0 42.1164 197.1164 ?34.y? 5 Expendliure on chY4rltable *ctlvltles Unre$trlcted fund8 CenerAI K25tri¢ttd funds olal 2UZ4 'I'otal 2023 330 14.809 282 13usine%s CL)sIs Idurtsiion expens¢s Salari￿. Nl & Pcnslolls Volunlccr ¢xpcn%¢q Training Sthrrcxtknscs Sundry cxpcn%c Depreciation Payroll SLThICC Oicrhcuds 717 16 15.516 16 103 160,609 161.743 152.207 2Y 100 200 12 1.5?? 1,547 206 512 206 51? 1.054 54 494 4Y4 21Q Trai'cl & ilLiiiJnmi)datii)ii Aitivily rc41)urncs (hher expen%c 1fi7 3.300 6.?33 12,3391 1 $7.656 IR5.317 17? 1?9 Page 13 BesTh'ood Advice Centre otes to the Financial Statement5 for the Year Ended 30 June 2024 6 %t#lTcv%t5 Thc agg7TLbaiL payroll cosrs w¥rL' as follows.. 2024 2023 taff cth5ts durin% the yegr WErt: Wdlib and Sv¥iJl s¢Luriiy Lobts Pcnsion LOSI5 143,789 9.939 8.(J14 143.3$7 4.817 4,033 161.743 15?.207 Thc monihly avcrage numbcr of pcrs0rt% lircludiny xenior Inanagcrneni icarnl employcd by ihc charity durin thi, yi'ar wa.4 #s tullu￿.. 2024 2023 AvcrabkL rtumbcr of cmpluyccs 6 120?3 - 51 of the abtsve employees participated in the Deflned Contribution Pettsion Sch¢nies. Cvntribulions 10 (hi LmployL'L' ￿nsIon SLhL'Irn'S for Ihl yLar t4>tsllL(J £X.015 12n2.1- £4.11.1.11. No crnploycc rcccivcd cmolumenis olmorc ihan £60.000 during lh¢ ycar. The ioial crnploycc bcncfits ofthc key manag¢mcni personnel of thc charity wcrc L30.876 (?0?3 k38.601}. Page 14 Bestw'ood Advice Centre Notes to the FinanclAI Statements for the YeAr Ended 30 June 2024 7 T2ngibk fiAed 955etS Cfjmpllier equÉpm¢nt 'I'oi#l Co8f Ai l July 2023 AddLrii)n% 2.070 1.5.16 AI 311 JunL' 2024 Depre¢igÈion Ai l July •f123 Chargc for the ycar 2.070 2.070 AI 30 June ?1)24 2.58? 2.58? Net book I'alue At 30 June ?1124 1.024 l.(J24 AI 30 June ?023 8 Debtor5 2024 2023 Trade debior% 9 Crt.dltors: amtsunts lalling duc wlthiD onc yc*r 2024 202.1 Oililr tuxdlion and 5U15al seLurity Oth¢r trediiors 130 1.810 2.019 .019 1,940 10 Charitv status The chariiv is & Lhtiriiy liniilcd by guardnicc and rontseqiicnily di)c5 noi hdV¢ sharc capilal. Each ofihc 1ruit￿¥ 15 liabl¢ 10 uoniribulc dn dmi)uni CX¢Lcdinbi £10 lowards Ihc dSbcIs orth¢ ihariiy in Ihc ¥vcnl ofiiquid#li(In. Pagt 15 Besh'ood Advlce Centre Notes to the Flnancial StAtements for the Year Ended 30 June 2024 l J Funds Balan¢c at .10 June 2024 ilolance #t I Julj 2U23 IncomlDg resources Rtsouree$ expend¢d l-ransfers Unrestrl¢tcd funds GeKewl 0.049 13.5091 61.045 ke¥tricted funds Wclfllrc RIg￿h¢h INCABI Fucl Povcrty Foodbank Natinnal (irid National Lotterv 21,758 5.041 71,038 23.494 4.577 6.600 -32.734 15.8x0 7.1.12 16.409 188,8751 123.7571 18.0¥fj1 16.61101 1.32,7?41 126,0%91 3.921 4.778 3.509 PCYI ISPLWI HSti4 Public Ilealth È-ngland TolAI re5trl¢ted fund$ 9,791 16..106 2fi.799 197R64 1187.6i61 3.409 40.£16 Total fund5 46.%4 240.030 lancL' Ilt Julv 2022 IncomlnK L*uufco5 RL'suuri¢ L'xpondi,d Balance st 30 J4]n&, 2023 Unrestrlctod funds G*iieral Gcner￿lI 22,330 23.954 1?6.2411 ?11.1149 Rtstricted W¢lfaT¢ ]Oghis INCABI Fuel Poverty 28.676 14.354 4.474 9.149 5,VJ2 71,945 (78.8631 1:).4391 16.4291 19,1491 126.5<161 ?1.758 5,1)41 .955 Covid isolation Teeov¢ry Foodbank Iniem% 20.57% 'I'&tal restricted ()4.083 108.604 1145.8881 26.799 Tot#1 flknds 86.419 132.f 58 46.848 Pa¥e lfi Bestwood Advice Centre Notes to the Financial Siatement5 for the YeY4r Ended 30 June 2024 -I'hL' specific purposes for which thL funds ark to bL' applicd arL as follows.. elfdre Rigbrs INCABI Pr￿￿1￿￿5 adi'iLL dlid sUPPVrt 10 I¢xdS Tl'Sidints drouDd thL'iI WLlfd' rL' tibht¥. This i& thL mditt suuriL' Of ￿l￿>m￿. Fucl PuvLrty Suppoiiing fomilic5 artd the community throu8h training. Salarits A Loniribution iowaTds addiiionJl advice workcTS. Fvodbank Tv pruvidi food p&rLLls 10 ItiLal rLsidLnfS in nLcd. Qvvi(11suldliun KLLOVL't To support those were i'tsln¢r2ble during Coi"id 10 regain conlidence and access local f2ciliiies. Iniern Suppon hiudcnls on placcincni. Pa8¢ 17 Bestw'ood Advlce Celltre Notes to the Financial Statements for the Year Ended 30 June 2024 12 Analvsi8 of not a55Cts bctween funds Unrrstricted funds Other Total funds Ilt 10 June 2024 Restrleted fllnd$ FixLd d5SLI invL%tmLnls C'urrL'ni CuTrvnt li&biliric5 1.0•4 62.040 1.024 102.556 (2.0191 40.%16 fiI.IM5 Uhrc5trbCtod rund5 Dc%ixn8ted Total funds #t 30 202.1 Re5t¥icled funds Current w%s¢t. c'u￿ellt liahilitie 2U.I)49 2X.7.IIJ 4X.78Y Total n¢1 &%SeLS 20,049 26.799 46,84¥ 13 Fec5 PSy8ble to Indep¢ndL'tlf cx&mln¢r During the period. rhe tee% payable (excluding VATI EQ the charity's independent examiner Community ArLvuntin¥ I'lus aTC analysLd as follows". 2024 2023 Indcpcndcnl cxaminaiiun Payroll scrviLcs Oihcr finatJLldl bmiLcb 980 748 666 770 1,3R7 2,394 2.157 14 TAx#tkpn The ¢harity IS 3 re¥i%i¢r¢d ehariiy ond is therefor¢ ¢x¢mpl from taxation. 14 Trut+tLYs remuner*flon expense5 No Iruslees hAvc rLc¥ivcd any othcr bcocfils from Ihc charity during Ihc year. 16 Related party tr*nsAttkoa5 Th¢Te i%'erc no related party tran%aciions in th¢ yew. 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