## Participate Projects
Charity number 1147520
A company limited by guarantee number 07990889
Annual Report and Financial Statements
for the year ended 31 March 2022
## Participate Projects
## Annual Report and Financial Statements for the year ended 31 March 2022
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 6|
|Examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10 to 15|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Participate Projects
## Trustees' report for the year ended 31 March 2022
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Susan Mendoza Chair Warren Evans Vice Chair Andrew Hemming Michael Forbes Judith Roberts Sajjad Shah Appointed 11 October 2021 **Charity number** 1147520 Registered in England and Wales **Company number** 07990889 Registered in England and Wales **Registered and principal address Bankers** Oakfield Business Centre The Co-operative Bank - Business Carr Lane PO Box 250 Shipley BD18 2NQ Skelmersdale, WN8 6WT
**Independent examiner** Rhys North ACA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 14 March 2012, as amended by special resolution on 30 May 2012. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
2
## Participate Projects
## Trustees' report (continued) for the year ended 31 March 2022
## **Objectives and activities**
## **The charity's objects**
(1) To promote any charitable purposes for the benefit of the public in England and Wales (hereinafter called the “area of benefit”) and, in particular, to build the capacity of third sector organisations to enable them to access charitable support from Government, local authorities and from private “for profit” organisations to enable them to pursue or contribute to any charitable purpose.
(2) The promotion of the efficiency and effectiveness of charities and the effective use of resources for charitable purposes by charitable and non-charitable bodies for the benefit of the public.
(3) To advance the education of pupils in the area of benefit by providing and assisting in the provision of facilities (not required to be provided by the local education authority) for education purposes at their schools.
(4) The prevention or relief of poverty in the area of benefit by providing services and support to charities, or other organisations working to prevent or relieve poverty.
(5) To promote the conservation, protection and improvement of the physical and natural environment for the public benefit.
(6) To develop the capacity and skills of the members of socially disadvantaged communities in the area of benefit.
(7) To relieve unemployment for the public benefit; and
(8) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society – “social excluded” means “being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community – by undertaking charitable activities which assist those whose ability to access the internet and other digital technologies for social, economic and cultural benefit is limited by reason of their age, ill-health, disability, financial hardship or other disadvantage.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
## **Achievements and performance**
## **COVID 19 Response**
Covid19 has had an ongoing impact on the work of the Charity and the communities we serve during 20212022. Participate has continued to divert some of our activities into supporting organisations and communities that have been particularly hard hit by the pandemic. We have also continued to follow all relevant government guidance and to offer staff the most flexible working arrangements possible to accommodate their needs and to protect staff and beneficiaries.
## **Bradford Together**
Bradford Together continued to deliver business volunteering and donation support to VCSE organisations in Bradford as part of our Covid response. As Covid restrictions eased in 2021 we were able to begin some face to face volunteering and business engagement activities. This included the first team volunteering activities (2 Good Team Building days) since Covid restrictions began.
Additional support through the programme included 42 donations from business matched to VCSE organisations and 58 skilled volunteers and 2 pro bono activities. The value of private sector support to communities was in excess of £46,500.
3
## Participate Projects
## Trustees' report (continued) for the year ended 31 March 2022
## **Achievements and performance continued**
## **Bradford Infrastructure Project – Here4BDCC**
In 2021 Participate, in partnership with Community Action (registered charity no. 1090036), HALE (registered charity no. 1123542) and Bradford VCS Alliance (1199129), produced a bid for the Bradford Council infrastructure support programme. The partnership was successful in five out six lots. The contract is the first time that Participate has been a formal part of the capacity building programme for Bradford District and represents a significant step forward in partnership working in the District. Under the contract Participate will be delivering business volunteering and Social Enterprise start up / development support from 2022 to 2025, with the potential to extend this work to 2027 based on delivery outcomes. Existing work under the Bradford Together project will be merged with the delivery of Here4BDCC from April 2022.
## **The Venturists**
Our social ventures programme for young people, the Venturists, expanded during the year to run 6 schools programmes during the year in 4 primary schools in Bradford and Keighley. The programme worked with 90 children to develop their ideas for change and create real social action projects in their schools and communities. The Venturists received funding from Give Bradford, the Ironmongers Foundation, Scurrah Wainwright, Big Local and the participating schools (Academy at St James, Byron Primary, Whetley Primary and Riddlesden St Mary’s).
Work with the schools was supported by a wide range of local businesses, social enterprises and charities who provided resources, offered visits and supported delivery of the children’s projects. These included; BCB Radio, Bradford Dragons Basketball, Solidaritech, Totaal, Grow Communications , Chapel FM, Horton Housing, Bradford Rotary, A to Z Learning, Morrisons, Mary Magdalene CIC, Provident Financial, Dales Dairies, RSPCA, Inn Churches, Unorthobox, Tafzalshah LTD, Installed AV.
The project also worked with Centre 4 Ltd, Grimsby (registered charity number 1049128) to establish a community Venturists programme. This work was supported by the Power to Change Community Catalyst programme.
## **Keighley CLLD**
Work on the Keighley CLLD programme continued and expanded during the year. Participate expanded our enterprise coaching team in Keighley to support people living in areas within the 20% most disadvantaged communities to start and grow social ventures and small businesses. We were able to open a hub in Keighley town centre, provided rent free by the Airedale Shopping Centre, as a base for enterprise coaching activities and a hot desking location for local people. This complements our Social Enterprise centre at the Woodville Activity Centre, (a partnership with PRISM, registered charity No. 523503). The project delivers enterprise awareness activities, pre-start and start-up support in the most disadvantaged areas, enterprise coaching and other support. 54 people / organisations were supported with start up during the period and 13 social enterprises received support with strategy, development, growth and networks.
Support through this project targets people who are unlikely to access mainstream enterprise support. In early 2022 new delivery partners were recruited to promote the support available to communities in Keighley. These include Keighley Creative, Bracken Bank Community Association, Hainworth Wood Community Centre, Keighley College, PRISM, Highfield and KAWACC.
4
## Participate Projects
## Trustees' report (continued) for the year ended 31 March 2022
## **Achievements and performance continued**
## **Made in Manningham – Power to Change**
Made in Manningham has continued to operate the Power to Change funded Community Business Catalyst in Manningham. The team opened a community business hub in Manningham Mills, located within premises run by Equality Together (Registered charity No. 700084). The hub offers community workspace and community business coaching to people located within the Catalyst area. The project has continued to deliver coaching support, start up and growth funds and other support to a wide range of social ventures and Community Businesses in Manningham.
During the period the team worked with 18 new Community Business ideas, taking 8 through development and taking 3 through to Power to Change Empowering Places Seed Grants. Support was provided through enterprise coaching, networks and events as well as referral to other support.
## **Transformation Fund**
During the period the team supported the distribution of the Bradford Transformation Fund through capacity and needs assessment of VCS organisations. Our assessments led to the distribution of £36,000 worth of grant support from Bradford Council, to 21 organisations – for support with Impact, Income, Business Planning, Building work and Covid response.
In addition to the main fund we also undertook needs assessment for disability access improvements to 41 community owned / managed buildings in Bradford. £900,000 of public sector grants were allocated on the basis of the work done by the Participate team, improving access to VCSE services for people with disabilities across Bradford District.
This work aligns with our business volunteering and social enterprise support and has enabled us to increase our reach into the diverse communities of Bradford.
## **Consultancy**
We continue to provide consultancy services to other charities and third sector organisation. Services include strategic review, fundraising, theory of change, impact and purpose, coaching and business engagement. This has included providing support to the Longleigh Foundation, CLASS (Manchester), Step2, Power to Change, Well Bradford and Co-operatives UK. Consultancy work is aligned with our charitable purpose and income generated from consultancy is directed to support our charitable purposes.
## **Financial review**
The net income for the year was £1,149, including net income of £19,622 on unrestricted funds and net expenditure of £18,473 on restricted funds, after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £115,603.
The charity's policy is to hold at least 3 months of reserves with an upper limit of 12 months, for the purpose of ensuring the smooth running of the charity to cover cashflow problems or temporary loss of income and to enable the orderly winding up if the charity has to close.
The reserves at the year end represents 2.6 months of planned 2022/2023 expenditure (3.6 months of actual 2021/2022 expenditure).
The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern
## **Funds in deficit**
Two restricted funds were in deficit at 31 March 2022 - CLLD Lot 8 £6,610 and CLLD Lot 9 £4,076. Given income due in 2022/2023 it is expected that these deficit balances will be recovered by 31 March 2023.
5
## Participate Projects
## Trustees' report (continued) for the year ended 31 March 2022
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which 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 the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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 accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 31/10/2022
Susan Mendoza (Trustee)
6
## Participate Projects
## Independent examiner's report to the trustees of Participate Projects
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 8 to 15.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Rhys North ACA
23/11/2022
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
7
## Participate Projects
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2022
|Notes
2022
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
116
Project and consultancy income
51,756
**Total income**
51,872
**Expenditure on:**
Salaries and NI
(3)
41,778
Payroll charges
1,266
Consultancy
28,258
Staff expenses
881
Staff training
241
Marketing
135
Insurance
1,140
Admin costs
366
Accommodation costs
3,400
Phones and internet
320
Van costs
-
Project expenditure
1,011
Grants payable
(4)
-
Independent examination
1,380
Domain and web hosting
204
IT costs
1,059
Subscriptions
1,109
Miscellaneous
267
**Total expenditure**
82,815
**Net income / (expenditure)**
(30,943)
**Transfers between funds**
50,565
**Net movement in funds**
19,622
**Fund balances brought forward**
95,981
**Fund balances carried forward**
(5)
115,603|2022
Restricted
funds
£
324,552
8,563
333,115
196,891
194
12,821
1,027
300
16,566
583
3,215
21,023
1,397
-
9,375
15,133
-
400
21,878
-
220
301,023
32,092
(50,565)
(18,473)
79,101
60,628|2022
Total
funds
£
324,668
60,319
384,987
238,669
1,460
41,079
1,908
541
16,701
1,723
3,581
24,423
1,717
-
10,386
15,133
1,380
604
22,937
1,109
487
383,838
1,149
-
1,149
175,082
176,231|2021
Total
funds
£
241,808
66,257
308,065
138,674
1,145
33,653
510
208
8,914
1,875
298
2,967
591
2,160
2,016
19,118
913
76
3,392
714
-
217,224
90,841
-
90,841
84,241
175,082|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
8
## Participate Projects
## Balance sheet
|as at 31 March 2022
2022
Unrestricted
£
**Current assets**
Debtors and prepayments
(6)
14,956
Cash at bank
112,427
**Total current assets**
127,383
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(7)
11,780
**Total current liabilities**
11,780
**Net current assets / (liabilities)**
115,603
**Net assets**
115,603
**Funds**
Unrestricted funds
115,603
Restricted funds
-
**Total funds**
115,603|2022
Restricted
£
74,001
(6,862)
67,139
6,511
6,511
60,628
60,628
-
60,628
60,628|2022
Total
£
88,957
105,565
194,522
18,291
18,291
176,231
176,231
115,603
60,628
176,231|2021
Total
£
7,524
171,946
179,470
4,388
4,388
175,082
175,082
95,981
79,101
175,082|
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 31/10/2022
Susan Mendoza (Trustee)
9
## Participate Projects
## Notes to the accounts
## for the year ended 31 March 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Grants payable without performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
10
## Participate Projects
## Notes to the accounts continued
## for the year ended 31 March 2022
|**2 Grants and donations**
Power to Change
Bradford Metropolitan District Council (BDMC)
European Social Fund
Leeds Community Fund (LCF)
Co-op
Scurrah Wainwright Charity
The Ironmongers' Company
HMRC Coronavirus Job Retention Scheme (JRS)
UnLtd
The National Lottery Community Fund (NLCF)
Social Enterprise Support Fund
Leeds Community Fund - #iwill Fund
Yorkshire Building Society
Groundworks
Donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2022
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
116
116|2022
Restricted
funds
£
123,608
166,233
10,647
9,802
5,350
4,139
4,139
634
-
-
-
-
-
-
-
324,552|2022
Total
funds
£
123,608
166,233
10,647
9,802
5,350
4,139
4,139
634
-
-
-
-
-
-
116
324,668
2022
£
218,893
18,472
(4,000)
5,304
238,669|2021
Total
funds
£
70,567
62,121
7,943
-
-
-
-
6,522
33,700
29,172
20,280
4,790
1,700
500
4,513
241,808
2021
£
128,375
10,798
(4,000)
3,501
138,674|
|---|---|---|---|---|
|**4 **|**Defined contribution pension scheme**
2022
2021
£
£
Costs of the scheme to the charity for the year
5,304
3,501
Amount of any contributions outstanding at the year end
-
943
**Grant making**
**Project or activity**
2022
2021
Grants to
Grants to
institutions
institutions
£
£
Power to Change Fund
7,600
15,000
Power to Change - Made in Manningham
5,500
1,300
CLLD Lot 9
3,333
2,818
The average number of employees during the year was 9.5, being an average of 7.5 full time equivalent (2021:
5.8, 4 FTE). There were no employees with emoluments above £60,000.|
|---|---|
||Total
16,433
19,118|
11
## Participate Projects
## Notes to the accounts continued
## for the year ended 31 March 2022
|**5 Restricted funds**
Vodafone
Morrisons
AVIVA
Power to Change
BDMC Transformation Fund
European Social Fund
iwill# Fund
PTC - Made in Manningham
Youth Grant Fund
UnLtd Keighley
NLCF - Awards for All
HMRC Coronavirus JRS
CLLD Lot 8
CLLD Lot 9
BDMC Additional Restrictions
BDMC Bradford Together
LCF - Manjit Wolstenholme
The Ironmongers' Company
BDMC Kickstarter
Co-op MiM Capacity Support
Provident Financial
Scurrah Wainwright
Venturists Match Funding
Venturists Transformation Fund|Balance b/f
£
134
3,777
1,697
15,000
14,800
7,943
2,461
17,585
750
5,000
9,954
-
-
-
-
-
-
-
-
-
-
-
-
-
79,101|Incoming
£
-
-
-
-
19,275
9,947
-
123,808
1,213
500
-
634
96,557
20,857
14,000
12,689
9,802
4,139
855
9,200
2,500
4,139
1,000
2,000
333,115|Outgoing
£
134
632
-
7,600
2,600
16,970
2,461
101,891
264
3,300
9,954
634
103,167
24,933
-
5,001
4,530
3,104
855
9,200
-
1,793
-
2,000
301,023|Transfers
£
-
-
-
-
(22,400)
(920)
-
(22,000)
-
-
-
-
-
-
-
(2,125)
(1,050)
(1,035)
-
-
-
(1,035)
-
-
(50,565)|Balance c/f
£
-
3,145
1,697
7,400
9,075
-
-
17,502
1,699
2,200
-
-
(6,610)
(4,076)
14,000
5,563
4,222
-
-
-
2,500
1,311
1,000
-
60,628|
|---|---|---|---|---|---|
12
Notes to the accounts continued
## Participate Projects
## for the year ended 31 March 2022
## **5 Restricted funds continued**
## **Fund name**
## **Purpose of restriction**
Vodafone Morrisons AVIVA Power to Change BDMC Transformation Fund
European Social Fund
iwill# Fund PTC - Made in Manningham
Youth Grant Fund UnLtd Keighley NLCF - Awards for All
HMRC Coronavirus JRS CLLD Lot 8
CLLD Lot 9 BDMC Additional Restrictions BDMC Bradford Together
LCF - Manjit Wolstenholme
The Ironmongers' Company
BDMC Kickstarter Co-op MiM Capacity Support
Provident Financial Scurrah Wainwright
Venturists Match Funding
To deliver Team Challenges. To deliver the School Grounds project. To deliver the School Grounds project. To give out grants to Power to Change beneficiaries.
To support organisations applying to BDMC's Transformation Fund. The transfer relates to consultancy charges for work undertaken at an agreed daily rate
To support unemployed people to access work in the 3rd sector. The transfer is for a contribution to overhead costs. To deliver a social action project in a primary school.
To deliver community business support in Manningham. The transfer is for an agreed monthly admin fee and management support.
To develop a youth social action project.
To provide anchor support to social enterprises in Keighley. To deliver a community engagement and volunteering offer in Leeds City Region.
To contribute towards the salary costs of furloughed staff. To support development of self-employment and new businesses in the Keighley CLLD area.
To delivery social venture support in the Keighley CLLD area. To contribute towards the cost of an electric van.
To deliver Bradford Together, a project that engages businesses in community projects. The transfer is for supervision costs and a contribution to overhead costs.
To deliver The Venturist - a youth social action programme. The transfer is for a contribution to overhead costs.
To deliver The Venturist - a youth social action programme. The transfer is for a contribution to overhead costs.
To provide training and support to a young unemployed individual. Support from Power to Change, via Coops UK, to deliver the Made in Manningham project.
Donation towards the cost of an electric vehicle.
To deliver The Venturist - a youth social action programme. The transfer is for a contribution to overhead costs.
Match funding from schools to deliver The Venturist youth social action programme.
Venturists Transformation Fund Funding from BDMC's Transformation Fund for business development consultancy of The Venturist project.
13
## Participate Projects
## Notes to the accounts continued
## for the year ended 31 March 2022
|**6 Debtors and prepayments**
2022
£
Debtors
87,901
Prepayments
452
Other debtors
604
88,957
**7 Creditors and accruals**
2022
£
Creditors
6,511
Accruals
1,380
Deferred income (see note below for analysis)
10,400
18,291
**Deferred income**
Released
from last
year
£
BDMC Enterprise coaches
-
-
**Item name**
**Reason for deferral**
BDMC Enterprise coaches
Income received in advance of service commencement.|2021
£
6,151
626
747
7,524
2021
£
3,488
900
-
4,388
Deferred to
next year
£
10,400
10,400|
|---|---|
## **8 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The key management personnel of the charity include the trustees and Chief Officer. The total employee benefits received were £45,059 (previous year: £42,307).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
|**9 Funds held as agent**
Manningham Seed Fund|Balance b/f
£
1,000
1,000|Incoming
£
1,000
1,000|Outgoing
£
-
-|Balance c/f
£
2,000
2,000|
|---|---|---|---|---|
14
## Participate Projects
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
|2022
2021
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
116
18,463
Project and consultancy income
51,756
63,900
**Total income**
51,872
82,363
**Expenditure**
Salaries and NI
41,778
50,080
Payroll charges
1,266
1,145
Consultancy
28,258
12,153
Staff expenses
881
359
Staff training
241
40
Marketing
135
2,345
Insurance
1,140
1,303
Admin costs
366
84
Accommodation costs
3,400
1,800
Phones and internet
320
156
Van costs
-
2,160
Project expenditure
1,011
342
Grants payable
-
-
Independent examination
1,380
913
Domain and web hosting
204
45
IT costs
1,059
-
Subscriptions
1,109
714
Miscellaneous
267
-
**Total expenditure**
82,815
73,639
**Net income / (expenditure)**
(30,943)
8,724
**Transfers between funds**
50,565
45,512
**Net movement in funds**
19,622
54,236
**Fund balances brought forward**
95,981
41,745
**Fund balances carried forward**
115,603
95,981|2022
Restricted
funds
£
324,552
8,563
333,115
196,891
194
12,821
1,027
300
16,566
583
3,215
21,023
1,397
-
9,375
15,133
-
400
21,878
-
220
301,023
32,092
(50,565)
(18,473)
79,101
60,628|2021
Restricted
funds
£
223,345
2,357
225,702
88,594
-
21,500
151
168
6,569
572
214
1,167
435
-
1,674
19,118
-
31
3,392
-
-
143,585
82,117
(45,512)
36,605
42,496
79,101|2022
Total
funds
£
324,668
60,319
384,987
238,669
1,460
41,079
1,908
541
16,701
1,723
3,581
24,423
1,717
-
10,386
15,133
1,380
604
22,937
1,109
487
383,838
1,149
-
1,149
175,082
176,231|2021
Total
funds
£
241,808
66,257
308,065
138,674
1,145
33,653
510
208
8,914
1,875
298
2,967
591
2,160
2,016
19,118
913
76
3,392
714
-
217,224
90,841
-
90,841
84,241
175,082|
|---|---|---|---|---|
15