Company re8l$trati¢n number.. 08041887 arity rpglstratkin number.. 1148916 Build on Belief Limited IA cempany Ilmited byguaranteel Annual Report and Flnanclal Statements for the Year Ended 31 March 2024 9 Hare & Billet Road Blackheath SE3 ORB
Bulld on Bellef Llmited Contents Referehce ond AdrRini5tratlve Detoik Twxees. Report 2109 Independent Audltors, Report IOto12 statement of Flnanclal Actle$ 13to14 Balance Sheet 15 Stètement of C8sh Flows 16 Wotes tothe Finanelal statements 17to29
Bulld on Belief Limited Reference and Admlnlstratlve Deta115 Chalmlan RoBer Howard Trusteos Anita Gundetha Ro8er Howard Jam Levlseur J3nÈ PÈtUfer Stuèrt Robertson Alex RoyFfe Marle-Cl8ude W3rnotte Setr¢iary Stuart Robert$on Charlty Re814tratlon Number 1148916 Company Re8lstratlon Number 08041887 The charltyls Incorpornted In England and Wèle5. 69 Warwkk Road London SW5 9HB Re815tertd Office Indeperident ExamlnEr Fleld Sullan Llmlted 9 Hare & Billet Road Blackheath SE3 OR8 Blnkers Metfo Bank I South3mpton Row Londan WCIB SHA Santander 421 North End Rvbd Fulhèm London SW6 INY P)Ee I
Bulld on Bellef Llmlted Trustees, Report Overylew ofiheyeor Trustee5 are pleased leport that 2023-24 hès been a year where the organlsatlen hB5 been èble to rnDdestly grow to meet the needs of people recovering from drug and akohol probleTn5. The bèckdrop Is both a worsenlng of the health needs Df our serylce users and the ongoln8 Prere$ they and the organlsatlon face th the cost of We have been Ible to respDnd th CDnsolld8tlng our exlsilng $eNIc London ènd at the same tlme openlng servlces 8CfOSS West and East Sussex. Th15 meant conslderable effort on the part Df our small ntral staff steam whlch the trustee$ areveryappreclètfve of. Our lon8er $t4ndlng Ioc81 sotlal actlvity hubs 8cr0s5 London contlntse to see suktalned attendance levels wlth our Innovgtlve onllne pro8rèmme Èxpandln8. Unsurprf51nglyi the foDd-ball we run in three hcalltle5 are In tOll5tant demand. Although one of OUTsmaller sevvkes In Barklng & Da8enham wlll be closlng next yetrwe ¢an reptrrt that new local soclal actlvlty hubs wlll be openlnÉ In Houn51ow. Westminster and In Buckln8hamshlre and the successful online proyamme wlll be expafidlng wlth servlre5 to be accesslble to people In pr150n5 In the southwest. We stren8thened otyr trustee Board Ind governance wkh new trustees. but unforeseen drCumStan meant efforts ro bulld fundralslnB capèclty bÈe2me stalled. DurlnE the year we undertook èn equity, dlverslty, and Inclu51on audit and we wlll be rÈflectln8 on the findln85. WE will be stren8theThlng our Btsard through the recrultmEnt of new trustees durfng the comlnE year. OurAnnual Volunteer Awards event In November. with theongolni support of the Royal Borouah of Kenslngton & CheFsea ccuncil once a8aln showc15ed e¥eryihlnB that Is good about B06- the In5plratlon, tompa551on. and dedlcatlon of the volunteers and 5tBff, The annu81 event demonstr8te5 that Ilves and behaarS can be chan8pd. No one comes away unmoved bythe storles of overcomlng advers5ty. Purpos4 A¢tlvltles & Impacts Purposè BOB Is a SuppOrte recovery focused community. ueoted by and for people wfth a 5ubstancÈ use dlserder. The commvnlty come5 together In dlfferent settlnÈs and at dlfferent times. but èlways at w£ekend5, and onllne throughout the week. We seek to be representatlve of the wlder communlty In the pefjple we serve, and know that 39% of our sÈrvlce sers are from the BAME tomrnunllies, which 15 ckse to the Inddence and prevalence of ethnicity forthe London populatlon, and somethlngwe IntÈnd to ¢ontlnueto bulld Our mlsslots IÈ to ensure thèt anyone wlth lfved experience of èlcohol or other dru8 problems ha5 a place where they can get r>n-golnE peer SUFPOrt from others wlth slmilar experlente to help them Improve thelr quallty of Ilfe ènd to bÈnefit the wldercommunlty. Above all. soclal conneCtItY Is at the ntre0f whatwe do. P88e 2
Bulld on Bellef Llmlted Tru5tees' Report Supportlng IndSvlduals wlth 3 range of wmplex needs Is central to our work and we know that 28% present wlth 6 mental h231th dlsorder. B% wlth a phy51cal health tondltlon, and 16% with both. and all hove, or have had Substance use disorder. Our octlvltles Be8 deslgng ajd iuns open access. adaptive and flexlble proletts. that operate at weekenth and In the evÈnln8SJ when Other 5ervice5 are tlosed. Thue operate In the London boroughs of Barklng & Dagenham Ic1051n6 summer 241. Eallng., Hammer5mlth & Fulham,. H&rrow,' Hlllln8dtrn.' KenslnBton & Chelsea.. Tower Hamlets and Newham. They run out of our partner agencies Substance use treitment servlces. Providlng recovery support serylces In thls way iylny'added-volue. tothe publlc l¢westment of treatment. BOB run5 a menu of soclal actlvlties desTgned to 5trenEthen hÈalth and wellbelng and systaln iecovery. These Include he)h Improvement 8Ctlvlil25 le.g.: badmlnton, clrcult trainsD& table-tenni5, walkin8 groups. cycllngl,. wellbeln8 actlvllles le.g. Recovery ¢oaehlnL VOEa, foDd & comee seclal groups, gardening, Tai thll,. mentsl health 5UPPQrt le.É.: CBT Eroups. SMART recovery Eroups, MedstatnI. soclal aci5vlty groups le.8.: art & craft club5. ardenin& muslc, wrftlnE, fllml. We hbve atso developed ah Innovatlve onllne servt¢, avallable 7 days a week and throuEhoui the ye8r. In additlon to some of the sodal aCtI1]ÈS hl8hllBhted above, the gnllntr programm2 a150 Qffersi PaTentln8 In re¢overy groups,. LGBTQIA groups.. recoverysUPPOrtgruups.' wtsmen & men ontygreups. BOB has developed o recovery support tralning programme trusslng on the Fs5ues th8r people wlth IlvÈd experlpnte say they 5tfUB&le with most and whlch Is 8e2red to helplng malntsln and sustaln I-terM recovery and 5UPPOrt people Into gahiln8 employment or undertaklns volunteeilng. In three of our local Se¥vicubs we run food-banks. tr In Westmln5ter, we provlde o hornÈlessness support and advlce to help people struEglin8 wlth thelr mental health, wlth debt, with housln& rent arreais, and notlces ol evictlon. Indiwduals present with a wlde rènge of 8ocl81 and emotlonal15s11e BOB WOfk$ with substance mlsuse treatment providers and mental health service$ (ln Harrow uslng thé soclal prescrtblne 8pproochl to En8a8e people In actlvltles 8nd Introduce them to È supportlve recovery foc{sed communlty. At the he2rt of our actfvity. the servkes are desl8ned and run by people wlth lfved eXpeente, whether as volunteer5, team leaders. stsff, ortrusree5. Our performance Local social attfvlty hubs acrossthe elght London borou8hs ran 35 giotyps acros5 L7 diffenE hrtlvltles. The onlSne programme ran 40groups ècross 30 dffferènt actlvStles. 2042 Indfvldua15 used ourservlces wlth 32,190 v151t5lattend8thces. Po8e 3
Bulld on Bellef Llmlted Trustee5' Report Nearly ILKI volunteers supported our programme5 and actlvlfjE$. Our Imp8¢ts In-order to demonstrate the Impxts QUF actlvltles are havlllg on the everyday lfves of our seNke users and volunteers, WÈ repeated an lrnpact suNey trustees commi55ioned the previous yeèr. From over one hundred ètTrd slxty respondents representlnE a cross-sectton of servlce users and volunteers we are very encouTa8ed to report on the positive ImpÈct we are makln8 10 peoples, Ilves. Across both our local soclal artlvlty hubs and ouronllne proEramme'. self-reported physical health IrKreased by 34%, 5elf.reported mÈntsl heBlth by 65% and, self-reported fèelins5 of 50cial1solatlon were redwed by46%. SÈlf-Reported Scoring BeforelAfter Attending BOB- ALL 66 +34% +65% l il il 'il f lQ Physlcal Health Mental Health Self-Rpported Domains 82fore E4 Afier Isolatlon Allscale&ax the worst each domaln could b¢. IQOI the absolute be¥teKh domaln Ujuld be. 'physlcèlhe41th nK161, mentol health n-152. $¢¢111 IscLItkn n=145 A8alnst a bickdrop of year5 of 5ub5tance use dlsorder, conslderèble heèlth needs and unstable Ilvlng tandltlons. these Impacts arevery encoura8ln8 and relnforce the case for peer-led recovery efforts. Schle & severlty of need De$plte these entour8ging irFyacts, we can be under no IIIu51on as to the scale of the challen8e faclng the everyday Ilves of those vsln8 BOB to help sU5ts1n thelr recovery and the ch811ènsEfaclngstsff and volullteers.. Pa6e 4
Build on Bellef Llmlted Trustee5' Report 32% of people are In host•15 or of No Flxod Abode 78% Jre re¢elvln4 beneflts 60% •r• In drug end alcohol treatment 20% have Spent up to 7 nlghts In hospltal Ourgovernance . Trustees Durlng theye8ra couplecf trystee5 ¥es18Ded. and w2 wlll look In th2 comlng yearto refresh ourtrustee iM)ard wlth experlencÈ In drug and alcohol treatment servlces abnEslde the useof Infoimation technology plarform5to dellver Innovative approaches supportln8 recovery. We wlll contlnue to Use the ¢ycllral Tetlremeni and re.eleclbn of trustses to contlnue thls process of refreshment ond replacement. We dld ventvre In trj devekiplng our non-cor*tr3cled Incotne fundralsSn8 tèP8clty wlth both 8 trtr5tee wlth approprlate e¥perlence and the se of reserves to employ a fundralser. However, clrcumstances con5plred to fru5tr¥te efforts on lulfllllng thls oblÈtt5ve and we wlll revlew'llext-5teps' in ihe comlng year, The Board has è detslled Implementatlon Plan 888lhst ¥vhlch progress 55 tracked and reported to trustees on bl-monthly basls, 31on8slde fln4nclal dara and rlsk mana8ement repDrtS. Arlslng from the latter, we have appointe lead trustees responslble for Saf2¥uarding and for treasury matters. Trustees have a150 been madè aware of updated Charlty Commlsslon guldaoce publlshed durln8 the year. partlcularly coverSn8 so¢)al medla aCtitreS wlth the result th8t Internal policles and procedures have bèen revlewed and updated. Page S
Bulld on Bellef Llmlted Trugtees, Report Over•ll flnontlal pusltlan We Ended theyearwlth a surplus of £181,165. Total reserves amunted to £383.600, of whlch £171.5001s de5*neted for potgntlal redundan£y costs and three month5 of core runnirtg costs (see belowl. The only funds materlally In deficlt related to payments due under our Sussex contracts, whl¢h amounted tts È125.645 outstandin8 but thls was recelved shortly after the ye4r eTFd. OUT prlnclp81 Sou5 01 fufid5 camÈ through cOntCt5 dlrethy wlth local 8Uthorltles or thrtvBh subcontracts wlth drug and 31cohol treatment 5erYlce proderS such as CGL Turnlrw Polnt.CNWL Trust 8nd VIA. Rlsk& fln8nclal manaBoment The Boards bl.rnDnthly mee85 refve regularty updated flnancial ststements. è Chief Executlves repvrtlncludlng perfgrm8nce report5. a StrateEV Implementatk>n tracker report. and an Incldents PDrt. The RI5k ReElster Is ewed and updated every eight weeks. AkJn8 With a new HonoraryTreasurer and thls regular rÈportlngi we a confident that the m8na8emeni and oper3tlons are belng effeelY scrutinised. We are pleased to report there have been no serlou5 or crltlcal Incldents occurrlng the charlty throu8hovt the year 2nd th15 rernalns the case Inro 2024. The or8anls3tlon has èn fipproved set of FIncIal Procedures whlch 8ulde5 the day-to-day operatlon of thecharlty. Including financlal contrDI 5yslgms, ?uthorls8tlon levels and piotedures and management account reportin8 mechanisms. These Bre Tevlewed from tlme to tlrne 81ons wllh other key polltles and protedtyres such as Safe8uardln8 and human resource ones. Glven the growth In annualturrbover, the or8anlsÈtlon Is now requlred to have a full annuil audlt, anrt our e¥lstlng 2uditor5 have b&en engaged to undertake thls. Reserves pollty & 8oln8 concern ReNe$ are held to ensure short tertn cash flow, 85a bfer ag3lnst shc>rt to rnedlum term commerclal challenges and to wlnd up thech3rltyi IDcludln8 rÈdur)tlÈn¢ycosts In the èventuality thèt 8oB teases operat$. The Trustees alm to bvlld and m3lntaln free reserves unrestrlcted fund5 at a level that equoie5 to approxlmately three months of lunrestrfctedl core charltable expendlture. The trustee5 wn5ider that th15 level wlll provlde sufllclent fund5 to contlnue with core seNlce provision and meet our le831 requlrements re8ardlnE employee and Eovernance costs In the eventuèllty that the loss ¢1 o contract or fundlng reduce$ overall servlce provlskjn and Income. fhis is managed by thÈ CEO and the trustees havin8 careful overslght of central operatin8 Costs and any external fund-Ta151nE. Page6
Bulld on Bellef Llmlted Trustees, Report Investment Power8& pollty The Tru5tee5 havlne regards to the Ile¥lblllty of Ilquldlty requlrements gf operatlnE servlce5 across sÈveD London Boroughs and three countles, CODtlnued the arrangement of h8ving 4 Second deposlt at¢ount to ensure coverage of dep051t Euarantee limlts. HowÈver, glven the servlcè provlded by ene of the banks, tru$tee$ agreed to ¥atbnallse banking arrangem&nt5, and Ihlswlll bedperatlonalkstd durin8 2024. PubllG benellt The trustees conflrm thatthey h8ve ¢omplled wlth thelr legal duty to have due re88rd to the Charlty Commisslon5 uldance on publt beneflt In exérclsing thelr powÈrs and dutles ICC Guidance pei-31. We belleve thp Impact report mentioned above provldes ample evldence of slgnEflcant publlc beneflt. Strate4lc dpvolopments As part of 8n annual 2023-25 strategy revlew, thÈ trustees 8nd senior staff noted the rapid growth of the organlsatlon h8d placed considerable demands on the 5rnall centr815t8ff team. In response the Botrd has agreed 51gnlfScènt Investment In enhanclng central eapacity wlth the appolntment of a s¢nlpr Head ef ser5 and an Admlnlstrative As51stant. The alm trf this Investment ha5 threeoblectlves.. Providing better darlty of role5 and responslbllltle5 ond removlnE some 5tafflng pressures. • Streamllnln8 8nd updatinE operatlons to Improve efflclÈrKy and enable enhanced performance and Impè¢t reportlng and Posltlon thew8an15atlon tofijrtherdevelop and Innovate. Prlnclpal rlsks & ¢hefuture The prlntlpol finathclèl risks the organisèt5on face5 ¥re.' ReductSons In the level of natK¥nal and local Eovernm¢nt fundlng allocated for drug and alcohol treatment servlces. • Contlnulng th>wnward pressure on local Contract prkln8. • Competltive pay pressures forsocial care sector staff. Wlth a new government In placE and pressure on publlc flnan¢e5, we wlll not know untll later In 2024 whÈt the outFook 11 be for publlc health fundlnE and 8llocatitsns to local coun¢lls. T¢ address thls rlsk the Board Is SUpptFrtlg efforts to tonslsiently demonsir8te thÈ Impact our wc>rk has and the contrlbuiion we can meke to dellver Strong outcom25. We have been succe5sfv1 In some locatltsn5 In negotlatln8 IncrèasE5 In management charges. to cover our core £ost¥ when we enter Into new 01 renewed sub-tontracts with treatment provklers. In the event we hB ve to ¢105e 5ei¥lce5, our re5erwes wlll cove¥ potentlal redundanwc05ts. Page 7
Bulld on Bellef Llmited Trustees. Report In respondlng to pay pressures and cholleng25 In rÈcrulttnent, we have stepped up effort5 te traln and develop our Increaglng nUberstaN ènd volunteers. Also we hève reStrLtUred to prode a new're2lon31' conflguratlDTh whlch wlll en3ble an enh3ncEd programme of trolnlng for staff ind volunteers under the leadershlp of a new Head of Servlce5. Th15 wlll 80 some woy to addre55 Ihe challenge ID the retrment and retention ¢f staff. In London and the sOUth-ea$t thls Is becomlng espetlalty dlffitult. as It Is acr055 the whole of the NHS fdre sector5. Our response to thls has been both to ramp up Intern81 devek)pment 8nd proEresyon plans and to carry out 4 tomp8r8tlve market salary review which h85 rulted in Several posltlvÈ adlustments across the orgènlsatlon and some ol our reserveswere allocated forthls purpose, The luture We stan 2024-25 wTth some cèutbus optlm15rn. forseveral rea50ns'. • De5plte the pre55ures of publlc flnance. we hove been surce5sful In our efforts to open durlnE 2024 new Services In Hounslow, Westminster, West & East Sussex and Butngham$hIre. Our reputstlon ts belng Increaslnglv acknovJledEed. Other Innovative Servlces, such BS houslng 5UPPOrt in Westmlnster end socièl prestriblng In Harrgw. provlde a platform to help people wllh complex needs. We wlll seek new fundlngto 5U5taln thÈm. The new Gove¥nmeDt has profe$5ed a commltment to 5teerln8 public fundlng to support Investment that dellvers lonEer twm savln8s. We can demonstrate that those Involved In BOB'S servlces report a more su5talDable recovery. So, whlle we are oPMIst1c, a5 trustees we are fully aware and apprecl8tlve that It15 only throvgh the hard-wo¥k, commltment ind Insplratknn of OUT managers #nd Staff, backed up by the volunteer5, that 8oB tpntSnues to flourfsh. Trustees ond officers The trustees and offlcers servln8 durlngtheyear and slncethe year end ware as fdkiws.. Trustees.. Anlta Gundech3 RoÉer Howard Rebecca Kelly Ire51gned 8 September 20231 Jame5 Levlseur Jo18de Olusanya IRe518ned 9 Apdl 2D241 lane PettlfÈr Stuart Robertson AleK Royffe Naetha Uren Ire$lgned 29 Aueust 20231 Marle-ckude Warnotte Chalmian.. Roger Howard SecretHry'. StU8rt Robertson P¥e8
Build on Bellel Llmited Trustees, Report statement ot Responslbllltles The tru5tee5 (who are also the directors of Bulld on Bellef Limited for the purpose5 of cotnpany 14wI are responsible for prep3rln8 the trusteps, report 3nd the fln8nclal statemenis In accord8nce wlth applleable1aw and Uniiert Klngdom AccouTrtlng Standards (Unlted Klngdom Gener8lW Accepted Accountlng Pracricel. Intludlng FRS 102 'ThÈ Flnancisl Reportlng Standord appllcable In the UK and Republic of Ireland" The report and accounts have been prepared In a¢cordance wlth the provlsbns In the Companles Acl 2006 relatlngto Small ¢ompanle5. Company law requlres ¢he tru£teÈs to prepare fln8nc181 statements for e8ch flnarKlal year. Under tompany lawthe trustees must not approve the financlal ststements unless thry are satlsfled that they Bive 8 true 3nd fdlr vlew of the state of affalrs of the charltable company and of the Incoming resources and appllcation of resource5, Includln Its Income and expenditure, of the charitable comp8ny lor that period. In prep8ring these financial statements, the trustees are reqvlred to- select sult8ble accountlni polkie5 and applythem consl&tently, observe the methods #nd prIncIe5 In the Charftles SORP- m8kejud8ements and esilmates that are reasonable and p¥udenr', State whether applkable accountlng standards, comprlsln8 FRS 102 have been lollowed, suileci to any material departures d15c105ed and exploined in theflnanclal stBtetnents,' and prepare the Nnanclal 5tatemEnt5 on the 80in8 concern b3s1s unless 11 Is Inapproprlate to presume th?t the tharltable eompanywlll contlnue In buslne5S. The trustees Ofe responslble for keepSn8 proper accountlns remrds that eèn dlsck%e wh retrsonable accurary at any tlme the financlal posltlon of the charltable comp2ny enable them to ensure th8l the flnanclal 5tstement5 comply wlth the Complnies Act 2006. They are a150 re5wnsible for safeguardlng the asseis of the charltable company ¢nd hen fortaklng reasonable steps ferthe preventlon and detectlon of fraud and otherlrre8ul8ritles. The trustees are responslble for the malntenoDtr and Integrlty of the corporate and financl81 1nfOrrnatn Included on the ch8rltable Company's wÈbslte. LeglglÈtlon 8overnlng the preparatlon and dlssemlnatlon of finala1 5t8tements may differfrom leglslatlon In otherlurlsdlctlons. Sm?11 comp&nle$ provlslon statemeht Th15 report has been prepared in 4rctsrdaDie wlth the small companles re8lme under the Companles Att 2006. The 8nnuÈl report Wd5 6pproved by the trustees of the charltyon 10 December 2024 and slgned on 5ts ljehalf by.. Roger Howard Chalrrnan and trustee Page 9
Bulld on Bellef Llmlted Independent Audltor's Report to the Membèys of Bulld on Bellef ilmlted Qplnlon We h)¥e audited the flnancLql statements of Bulld on Bellef Llmlted Ithe'chèilty'l for the year endèd 31 M8rch 2024. whlch comprfse the Statement of FIDènclal Actlvltie5, Balonce Sheet, Statement of Cash Flows, and Notes to the Flnantial Statements, Includln8 a Summary of slgnlflcanl atcountlng pDll¢les. The flfiandal reportln8 fromework that has been applled sn theSr prÈp¥ratlon Is United Klthgdom Accounting Standards, wmprlslDE CharleS SORP FRS 102'The Fin3nclal Reportlng Standard &ppllc8ble In the UK and Republlc of Ireland, and appllcable law Iunlted Kingdom Gellerally Accepted Accountlng Practlcel. In OUToplnlon the financl81 statemenl$'. IVÈ 8 true ènd falr view of the state of the chartt¢s affalrs as at 31 March 2024 and of Its Ineemln8 resource5 and appllcatbn of re$our¢e5, Includlng Its income and expendlture, for the yearthen ended,. have been properfy prep8red In a¢tordancewith United Kln8dom Gènerally AcceptÈd Accountlng Practe. and have been prepared in 4crordance with the requlfements of the Companles Act 2006. Basls for opinlon We conducted our audlt In ac£ordan wlth Intern?tlonal Stsndard$ on Audltlng IUKI IISAS IUKII and appllcable Iw. Our responslb11seS under those stand8rds are lurther dp5crlbed In the audltor re$ponslbilitie5 for the audlt of the flnanclal statement5 sectlon of our report. We are Independent of the cherlty In accordance wlth the ethlc81 reqvlrements that are relevant to our audlt of the finantlal statements In the UK. Including the FRC'S Ethlcal Standard. and the provlsbn$ avallable for small entitie5, In the cirtumstances set out In note to the flnancial statements, and we have fullllled our other ethlc81 responslbllltie5 In accordance w1ih these requlrEments. We belleve thatthe audlt evldEncewe hève obt&ined Is sufficlent and approprlate to provlde a basls ferouroplnlon. oiher matters The corresponding figures and comp8rbtlve flnanclèl statements In the current yearfs flnancial statement5 were derlved from the fln4nclal $tètEments fortheye3r ended 31 March 2023 whlch were notaudlted. Conclu$lunsrelatl¢)E togolTrg¢oncern In aud5tlnE the flnancial Statements, we have concludéd thèt the trv5tees useof the8oln8 concern bas15ef 8ttountlng In the preparatltrn of the flnanclal st8temenis15 approprfate. Based on the work we have performed, we havÈ Dot Identlfled ony material uncert8lntles relatln8to events or conditlon5 that, indlvldually ortDllectlvelyi may tast slgnincant dovbt on the chaTlty'$ abilityto continue as a $05n8 concern for a perlod of at leèst twelve months from when the orlglnal flnanclal 5tatemetpts weTe èuthorlsed for Our respon51bllltle$ 8nd the respon51bllltles of the tru5tee5 Wth rpspectto 8olns concert) are de5crlbed In the relevant sectlons of thls report. Page 10
B vlld on Belief Llmlted Independent Audlto¢s Report to the Members of Bulld on Bellèf Llmlted Other Ik)formatlon The tWStpes are responslble for the other Irsform8tlon. The other informatlon tomprl$e5 the Inf0mtIon Includtrd In the #nnual report, other than the fInancl statemen¢5 Ind our audltorfs report thereon. Our oplnlon on the rinanc(81 statements does not Eover the other Information and, except to the extent otherwlse eNpllcftly stated In ¢ur reporL we do not expres5 anyform of assurance ¢onclu5bn thereon. In ¢cinntIon wlth ovraudlt of the flnancial st4tements, our responslbllity 1$ to read the other Information and, In doing SD, consldÈr whether the other SnfDrmatlon Is materlally Inconslstent wkh the flnancial statemÈnt5 Qr our knowledge obtalned in the audit or otheNlse 8ppe3rs to be materlally m1$5tated. If we IdentSfy suth materfal IKons15tencle5 or apparent mater131 rnlsstatements, we arE reqvired to determlne whether there Is a materlal mlsstatement In the flnanclal statÈment5 or 4 malerlal mlsstttement of the other Inform8tlon. If, bèsed on the work we hove performed, we wnclude th&t there Is 8 matervdl mlsslatement of thls other informatlon, we are requlred to report that fact, We have nothlnE to report In thls Te8ard. Oplnlon on Other mdtter prescrlbed byhe CompaThlesAct 2006 Inouroplnion. based on the ivork undèrtèken In the course of the audlt.. the informallon gfvn In the Tru5tee5' Report for the finanelal year for whlch the flnanclal statements are prepared15 conslstent wlth the IlnHn¢lo15tstements,' and theTrustee5' Report has been prep3rEd in 4¢cordance wlth app1)ble legil requlremEnts. Matters on whlrh we ar¢ requlred to report by exeeptlon In the Ilght o* our knowledge ènd understandln8 of the tharfty and Its enrOnment obtalned In the course of the audft, we have not Identifled material mlsstatement$ In the Trustees, Report. We have nothlng to rewrt In respect of the followlng matters where the Q)mpani25 Acl 2006 requlres usto report toyou If. In ouropinlon-. 3dequate accountlnB re¢ord5 have not been kept, or returns adequate for our audlt have Dot been recelved from branches ntst¥151ted by vs,. or the finBncial statements are Dot In agreement wlth the accountlng recD¥d5 and returns,. or certaln d15cb5ure5 of tNSEees remunetstlon speclfled by law are not made,. or we have not receed all the InformatloTh and emplanatlons we requlre forouraudlt. Responslbllltles of trustees As Èxplttlned rrte fully In the Ststement of Responslbllltles (set out on pagÈ 91. the trusiw are respon51ble for the preparbtlon of the flnanclal statements and for beln8 satlsfled that they glve a true and falrvlew, and for such Internal control as the trustees determlnels necessary to enable the preparatlon of finantlal stètements that 4re free from matÈrlal mls5tatÈtyent, whÉther due to frdud or error. Page 11
Bulld on Bellef Llmlted Independent Audltor's Report to the Members of Build on Bellef Llmlted In preparing the financial statements, the trustees are responsible lor assessing the charity's ability to continue as a going concern, discloslngi as applicable, matter5 related to golng concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operatlons, or have no realistic alternative but to do so. Auilltor responslblllt5È5 for the audlt of the financlal statement5 Our objectiv@s 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 an auditorfs report th8t includes our opinion. Re8sonable assurance is a high level tsf assurance, but is not 8 guarantee that an audlt conducted In accordance with ISAS IUKI wlll always detect a material rn15Statement when it exists. Mlsstatements can arlse from fraud or error and are consldered material il, indivldually or in the aggregate, they could reasonably be expected to nfluence the economic decisions ol users taken on the basls of these financlal statements. The extent to whlch our procedures are capable of detecting irregularities, Including fraud is detalled below.. Discussions were held with the managerrent commlttee wth a vlew to Identifying those laws and regulations that could be expected to have a materlal Impact on the ftnanclal statements. The following laws and regulations were Identlfled a5 being of signif(cance to the entltv-. Those laws and re8ulatlons tonsidered to have a direct effect on the financial statements Include UK flnancial reportlng standards, Companies Act 2006, and The Charities Act 2011. Use of our report This report Is made Sole to the tharitable company's trustees, 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 charity's trustees those matters we are required to State to them in an auditols report and for no other purpose. To the fullest extent permltted by law. we do not accept or assume responsibility to anyone other than the eh8ritable company nd its trustees as a body, lor our audit work, for thls report, or lor the oplnions we have formed. (Senlor St3tutory Audltorl For and on behalf of Field Sullivan Limlted, Statutory Auditor 9 Hare & Billet Road Blackhe3th SE3 ORB Oate.. 17 Pa8e 12
Ln m*
Build on Bellet Llmlted (Reglstratlon number.. 080418871 Balance Sheet as at 31 March 2024 1024 2023 Noté Flxed &ssets Tènglble assets Imiesiments 12 11.683 515 8,681 424 13 J2.198 Current assets Debtors Cash at bank and In hand 14 Is 297.748 316.966 64,896 349,566 614,714 414,462 Cr2dltor5'. Amouts fèlllng du? wlthln on@ year 16 125,7421 116.6131 Net cuyrent 8ssets 588.972 397,849 Not a5set5 601.170 406,954 Fund5 olthe charlty.. Unrostrlct•d In¢•rnèluds Unre5tr1cted funds 601,170 406,954 Tut?1 funds 18 601.170 406,954 These finantlal statements have been prepared in accordance with the spec181 provlslons relating te companie5 subject tothe5mall comp3nles reglrne wlthln Part 15 ofthe Companles Att 2006. The fin3nclal statements on pages 13 to 29 were approved by the trustees. 8nd authorlsed fer Issue on 10 DÈceTnber 2024 and sSgned on thelr behalf by.. Roger How8rd Chalrman and trustee The notes on pages 17 to 29 form an Integral part of these flnanclal statements. Page 15
Bulld on Bellef Llmlted Statement of Cash Flows forthe Year Ended 31 March 2024 2024 2023 Nott ash flows from operatln8 Octlvltles Net cash Income 194,216 45,71B Adlustm¢ntstoca5hflows from n¢n-¢)sh ItEms Depreclatlon Investment Inwffle 6.658 3.702 4,540 ISDI J97,172 49.757 Worklng caplt81 adluslmentS Ilncreasel/detrÈ35e In debtors Increaselldecreasel In ¢reditor5 14 1232.8521 9,129 4.128 1163,5771 16 Net cash flows from operating activltle5 126.5511 1109,6Y21 Cash flows from IrwestlnB &rtlvltles Inteie5t reI¥b]e 8ndslmSlar Income PuTchase of tanglble fixed 8Stèts of tan8lble fixed èssets FA investment. UK listed othershares revaluatloh 3,702 19,6601 501 12 18,8771 890 191 Net CO5h flows from Itwestfng a¢tlvltle5 16,0491 1?,4861 Net decrease césh and cash equlvalents Cèsh and cash equlvolent$ 4t IAprll 132.6(K)I 1117,1781 349,566 466,744 Cash and cash equlvalents at31 March 316,966 349566 All of thecosh flows are derfved from contlnulngoperatlons durfngthe above two peruls. The notes on pagES 17 to 29 forrn an Integral part of theseflnaN£lal ststements. Page 16
Bulld on Bellef Llmlted Notes to the Flnan¢lal Statements forthe Year Ended 31 March 2024 I Charity Status The charlty 15 Ilrnited by Euarantee, IncDrporttÈd In England and Wales, and consequently does not have shar capital, Each df the trustees Is liable to contribute an amount not exceedln8 £1 towards the as5et5 of the charlty In the event of Ilquldatlon. The 3ddress of Its re8lstered offke15'. 69 Walwlck Road London SW5 9HB These tlnanclalststements ere authorlsed for1$5ve bythetrustees on 10 December 2024. 2 Accout)tlnE polltles Summary of sl¥nlflc8nt accountln8 pollclq$ and key accountlng esilmates The prlnclpal accountlng polic*25 applled In the preparallon of these flnanclal statements are set bÈl(Iw. These pollcles have b?en wn515tently applled to all the ye8rs presented, unlessotherwlse stated. Statement of tompllan¢È The flnanclal statements have been prepared In accordance wlth A¢countlDg and Reportln8 by Chorltie5.' Statement of Recommended Pr8erice appllcable to ch8rltles prep8rlng thelr accounts attordance wlth the Flnanclal Rpportln6 Standard applkable lo the UK and Republlc of Ireland IFRS 1021 leffeciive l January 20191 10)arltles 50RP IFRS 1021 Second edition October 20191, the Flnanclal Reportlng Stand8rd ap1(able In the UK and Republlc Df Ireland IFRS 1021. They also comply wlth the Comp8nles kt 2D06 and Ch8rltles Act 2011. Ba$ls of preparalion Build on Belief Limited meets the definltion of o publlc beneflt entlty under FRS 102. Assets and Ilabllltles Bre Inlt1311y recoEn15ed at hlstortC41 cost or transxtlon value unless otherwLse st8ted In the relevant accounttng pollcv note5. Golng concern The trustee5 conslder rhat there are ng materlal uncertBlnries about Ihe chèrltvs 8bllliV to contlnue 8S 8 8ola aniern nor any 518nilicant 3reas ol untertaintythat affect the tarryln8 valve of a552t$ held bythe Eharity. Page 17
Bulld on Bellef Llmlted Notes to the Finan¢lal Statements for the Year Ended 31 March 2024 Judgempnts and k¢y Sources tslesilmatlon uncert•lMy In the oppllc6tion olthe charttY'5accountlng polkle5, thètrustees are requ5red to makeltsd8ements, estlmates and assumptlon5 about the c8rrylng amouftt of assets and Ilibllltle5 that are not readily apparent from other source5. The estlmate5 and assccF8tÈd assumptlDns are based on historlcal experfenee and other f&ttor5 that are consldered to be felevant, Actval results may dlfferfrom these estim•te5. The esilmates and underlyln8 ?s$umptlons are revlewed on an Dngoin8 ba51s, RevlsSons to accountin8 estltrTrates re recogn15ed In the perlods in whlch the estlmate 15 revlsed where revi51vn5 affects only that perlod, or In the perlod of the revlslon andfuture periods where the rev1s1o 8ffeEts both current and ttUre perfods. Income and endowments Al Income 15 recogn15ed othrp the charlty has entitlèment to the lrtome, It Is probablè that the Income wlll be recelved and the amount of Ihe Income re1¥able can be measured lellèbly. Donqtlons trdIe9t?deS Donations are reco8nlsed when the th?rlty has been Nitified In writlng of both the amount and settlement date. In the event thot a donation Is stswect to cendltlon5 that reoulre a level of performancè by the ehallty before the charlty Is eDtltled to the funds, the Income 15 deferred and not lecognlsed until elther tfvose tondltlDllS are ful rnet, or the fulfilment of those tondltlons Is wholly wthin the control of thè charlty and St Is probable that th2se condltlon5 will be fulfilled in the reportln8 perlod. Grnnts rtlYble Grants ore retO8nised wheh the charlty has an entltlement to the fund5 and 8ny condltions Ilnked to th2 8rants have been met. Where perform4nce conditlons are attached to the grant and arè yet to be mel. the Income Is recoÈnised as 8 Ilability and Included on the balBnce shèet as deferred income to be releosed. Inve5tmeJJtlncome Interest on funds held on deposlt Is Included when recèivable ?nd the amount can be measured rellably by the tharfty,. thls is normally upon notlfitatlon of the Interest pald or payable by the Bank. E¥pendlure All expenditu¥e 15 rpcognlsed once there Is a leB31 or ¢onstructlve oblig8tknn to that Èxpendlttsre, It h prob8ble settlement Is requlred and the amount can be measured rellably. All c05t5 ore 8llttcated tc> the appllcable Èxpenditure heèdlng that a8gre88te slmllar c05ts to that tategory. Where t05ts cannot be dlrectly èttributed to partlcular headlngs they have been allocated on 8 basls conslsteTrt wlth the we of sOUrCeS, wlth cÈntral staff cosr5 allotated on the basls of tlm8 spent. ond depreciatlon char8e5 albtsted on the portloTr of the 4s5eVs use. Other support costs are alloc8ted based on the spread of staff costs. Chorlt¥ble tsctlvltles ChèrltablÈ empendlture rornwlses th052 Costs Incurred by the ch8rlty In the dellyery of Its actlvltles and services for Its beneficlarles. It Include5 both $$ thatcan be alloc8tÈd dlrettEyto such atthAtles and those evstsof indlreci nature necessary te support them. P8e 18
Bulld on Belief Limited Notss to the Fln3n¢lal Statements forthe Year Ended 31 March 2024 Svpport ¢osts Support costs Include central funrtlons and have been ollocated to 8CEiwtY C05t c4te8orle$ on 8 ba51s conslstent with the use of resaurces, for example, allocatln8 property costs by rteor èrea$. or per c8plta. stttft costs by the tlme spent and othercosts bythelr USaEe. Taxation The charlty15 £onsldÈted to pass the tests set out In Par8gr8ph I Schedule 6 of the FInan Att 2010 and therpfore it meets the definit of a char5t8ble company for UK corporatlon tax purp)ses. AttordlnBIyi the charlty 1$ potentlally exempt from taxatlon In respect of inceme or capital galns received within categories toveied by Chapter 3 Part 11 of the Corporat5on Tax Act 2010 er Settlon 256 of the Taxatlon of ChJr6e8ble Gèlns Act 199z. to the extentthat $uch Income or8alnsare applled exclu51vely to tharltable purwses. far¥lble ft¥ed Hssets Indlvldual fixed As5et5cosiln8 E250.(M) or more are Inltlally recorded at cost. Dgpredatlon and amortl$4tlon Depreclatlon Is provlded on tsnglble fixed asset5 50 asto wilte off the c05t orvaluition. less any e$tlmated re51dual value, overthpir expected useful eionoffllc Ilfe as follows.. Asset class Offlce equlpment DepredAtlon method and ¥ate Flxed asset Investments Fixed asset 5nvestmÈnts, other than progrttmme related Investments, are Included at market value at the b¥l&n¢e shÈet date. Reallsed 8ains and 105ses on investments are c31culated as the dffferencÈ between sales proceeds and thelr market value at the start of the year, or their subsequent cost, 8nd are ch8r8ed or ¢redited to the Statement of Flnand81 Actlvltles In the perlod of dlsposal. Unreallsed gain5 and1055e5 represent the moverllellt In market values durlngthe year and are credlteLf orcharied to the Statement of Flnèntlal Activities based on the market V81ue at the year end. Trade debtois Trade debtor5 are amounr5 due from cvstomers for merchand15e sold orserv]ees perfermed Inthe ordlnarycourse of buslnes$. Trède debtiKs are recoenlsed Inltlally at the tran54cllon prke. They are subsequently measured at amorused cost using the elfectlve Interest method, less provlslon lor Impalrment. A provSslon forthe Impalrment of trade debtors Is establlshed when there Is obleci4ve evldence that thp charlty wlll not be able to collÈtt all amounts due accordlngtotheorlginol terms of the recelvable5, PaBe 19
Bulld on Bellef Llmlted Notes to the Flnanclal Ststements for the Year Ended 31 March 2024 Cash Bnd cash equfvalèrtts Cash and cash equlv21entS corry)rlse ¢a5h on hand r311 dewjsits, and other short-term hl8hly Ilquld investments that are readlly ronvertible to a known amount of ca$h and are suble¢ttoan In55gnltlc8nt rbsk of rhonge Inv8lue. Fund $tructyre Unrestrlcled IncomÈ funds are general funds that are avalkble for use at the truste25 d15cretkn In furtheran¢e of the objectlves of the charity. Desnated lunds are unrtrlcled funds set aslde forspeclflc wrwses atthe dlscretbn ofthEtru5tees. Pettslons and othet ptsst retlrement obll8atlpn5 The charlty operales a deflned contrlbutlon penslon scheme whlch 55 a pen51on plan undÉr whlch fixed contrlbutlons are pald Into 8 penslen fund and the charlty has no re1 or cgnstructlve obli8atlon to pay further contrlbutlons even If the fund does nol hold 5ufflclent 8SSèt5 to pay all empKiye&s the beneflts latIng tts employee seryl£e In theturrent aad prlor perd5. Contributlons to deftned eontylbutlon plans are recognlsed In the Starement of Flnanclal Actl¥ltle5 when they are due. If contribtstion payments Èxceed the contrlbution duefor servlce, the excess is recognlsed a5 a prepayment. P¥ge 20
Bulld on Bellef Llmited Notes to the Flnanclal Statements forthe Year Ended YI March 2024 3 Inwmefram donatloh5 and legacle$ Unre$trfctod Total 2024 Total 202> General Re5trlcted Donatlons and legacles,. AA Charltable Trust SchroderCharltyTrust The Grocers Charlty Donatlons from commonllygroups Grants, Includln8 c$plt&l grants,. The Natlonal Lottefy CoMmnIty Pund The Clothworkers FDundatl¢wTr Resulargivin84nd capitsl don3tlon5 6.000 5.000 5,QOO 6.00 5,000 5.OtM) 1,160 19,057 19.057 38,114 4,100 3594 9.586 9,S86 25,586 19,057 44.643 r16,968 4 Incompfrum ¢harltable artlvltles Unrestrktgd Yotsl 2024 Total 2013 Des*nated General Income from cornmlssloned sÈryl¢es FundrnislngevenE5 1,243.061 12,853 1.650 1.255.914 1,650 91L529 1,243,061 14.503 1,257,564 911.529 5 Investment Incom• UnrÈstrlrted lunds General Total 2024 Total 2021 Interest recelvable artdslmllarlncome,. Interest recelvablÈ tin bank deposlts 3,702 3,702 501 Page 21
Bulld on Bellef Llmlted Notes to the Flnanclal Staternents for tho Year Ended 31 March 2024 6 Expendltute on ¢haTlteble artlvltles Total 2024 Total 2023 Note Glft vouchers Soclal club costs Staff cost5 Support Costs 26.950 86,435 926.497 7L9D2 30,191 71.079 767.753 44,257 1,111.784 913,280 Y An8$1$ of Eovernaftte support cort5 Support costs Total 2024 Tolal 2023 Audlt fees Audlt of the flnanclal Statements Loss on disposèl of tanglNe flxed assets Rent 7(X) 890 10,860 1,431 5.766 9.092 1.565 744 4,288 1,935 1,124 2.022 IrL%urance Telephone and fax Cofflputer software ènd malntenance Prfntln& post88e and statlonery Adm5nlstrath)n 5undrles 1,267 6,983 10,288 7,846 Y2,024 6,193 3,929 1,239 Trdvel and 5ubs15tenc MarketlnE and promotlonel Independent 8NamInatfi Bank charEes Deprec13tlon of plantand m8chlnery 6,658 440 71.902 44,257 Page 22
Bulld on Bellèf Llmlted Notss to the Flnanclal Statements forthe Year Ended 31 March 2024 8 Trustees remvnerotlon and expens05 No trustees, nor any persons conttected wlth them, have recelved any yemuneiadon from the charfty durfnE the vear. 9 Staff costs The 8ggre8Ète payroll costswerE as follows.. 2024 2023 Staff costs durln8the year wero: Wages and salarles Social 5pcurlly costs Penslon costs Other staff tost5 813,51Z 71,152 IY,304 22,528 675,125 58,782 16,976 16.87D 926,497 767,753 The monthly avera8e number of persons Ilncludln8 senlor management I leadershlp te8ml employed by the ehHrity duringtheyetrr expfftssed as full time ¢qulvalentswas a5 follow5.. 2024 No 2023 No Charirable 8¢tlvlfjes 26 25 Contrlbut¢ons to the employee pensltrn schemes forthe yeartr*talled £19,30412023- £16.9761. No employee reeelved emc4umeht5 of more thanE60,ON) durlng theyeèr. Durlnetheyear the charlty madE thE f¢llowlngtrzn5aclEons wlth key management personnel.. Naetha Uren ÉNII12023.' £1551 of expem$ were re5mbursed durfDE the yeer. Becky Kelty ENil12023.. £431 of expens were relmbursed duringtheyear. Page 23
Bulld on Bellef Llmlted Notes to the Flnanclal Statements for the Year Ended 31 March 2024 10 Audltors, ramun4ratlon 2024 Audk oftheftnan¢181 statements 7,$00 11 Taxatlon The ch4rlty Is a reglstered charlty and Is therefore exempt from taxation. IZ TanElblell¥ed assets Furntture and pqulpmfrnt Tot•1 Cost At l Aprll 2023 Additions 19,129 9,660 19.129 9,660 At 31 M&rch 2024 28,789 28,789 Depretlatlon At l Aprll 2023 Charge for *he year 10.448 6,658 IOA48 6,658 At 31 March 2024 17.106 17,106 Net bgokv4luo At 31 March 2024 11,683 11,683 At 31 March 2023 8.681 8.681 Pa8e 24
Build on Bellef Llmited Notes to the Flnanclal Statements forthe Year Ended 31 March 2024 13 FIMed assetlnv•stment$ Llstéd Investments Total Cost DrValu8tlo At l Aprll 2023 Revaly8tltyt) 424 424 91 91 At 31 Mèrch 2024 515 515 Net bogkvalue At31 March 2024 515 515 At 31 March 2023 424 424 Pbge 25
Bulld on Belief Llmlted Notes to the Flnanclal Statsments for the Year Ended 31 March 2024 18 Funds Othpr vètO8nl$8d ga5n¥ll1055esl Balanto at I Aprll 2013 IncoMln8 r•sources fte50urtos expènded Bfyl•nceBt 31 Mar¢h 2024 Currnnt perfod Vnreètrtct4d 6enerlll Gener&1 Fd5 137.294 43,791 112,0041 91 159,172 De514nOted NEwharn TBor0 10,842 92,A74 57,795 6,776 22.977 19.749 4,527 74m> 250,253 65,77S 92,214 62.677 168,1431 1210,8481 1146,7751 157,3281 1fj5,7571 166,6421 170A691 16,699 131.879 76,795 1,852 19,897 13,107 kl.242 Hlllln8don airDw BarklnE & Oaynham CNWLHarrow EallngRecovery SupporlTralnl West London- SvppDrl CGL-Towei Ham12t5 5y58ex WCC-HIXJS*nBppOli ProlA¢t West5usseK-Servkes Hammer$th & Fulh8m 77,184 11.973 32.547 40,000 141,Of(Jl 20.913 32547 4,172 gt.68S 37,917 I378 133.7451 135,760 8,296 1111,6241 14,0781 24,136 4,218 66.417 3S,500 154,9631 IS3,%91 Ik,451 118,4091 CNWL. Bentley House 269,660 1,243,061 1,070,723) 441,998 Total unre$trl¢ted C6,954 1,286,851 I192,727} 91 601,170 ftestvlcted The National Loirery ComtnunltyFund 19.OS7 29,057 Y¢talfunds 406,554 1,305,g09 11,111,784 91 EOI,L70 P88e 17
Bulld on Bellef Llmlt¢d Notes to the Flnancial Statements for the Year Ended 31 March 2024 Balante * i Aprll 2022 Intomlng r¢sources Rt50urces ¥pended Balance at31 Marth 2023 PrevlDUS perlod Transfers Vn¥e5trlcted Gerterfjl General Funds 133,500 9,095 111.1561 5.855 137.294 Deslgnt7ted Newhem 17.886 97,427 49,541 9,057 11,249 15,963 s55 9.3Q4 76.660 245,885 95337 89,240 62.678 65.000 183,7041 125D,8381 187.0831 191.5211 150.9501 161.2141 JO,842 92,474 57,795 6.776 22,977 19.749 Trl-Boro Hllllngdon Harrow Barklng & D88Ènham Barklng & tiagenham Hostel CNWL Harri>w Eallng Recovery Support TTalning West London- Supptyrt 15,8551 71,575 176,3531 4.527 11.454 55,413 150,000 144,8941 1117,4531 1864,0101 21,973 32,547 217.736 911.789 15,855 269.660 Total unres¢rtrted 361.236 920.884 1875,1661 406.954 Restrlctod The Natlonal Lottery Communliy Fund 38,114 38,114 TDtsI funds 361,236 958,998 1913.2801 406.954 Page 28
Bulld on Bellef Llmlted Note5 to the Flnanclal Statements for the Year Endèd 31 March 2024 Resirlctpd funds: Initially Started ln response tothe 2020 PBndemlc. the programme has be¢ome eentsal to what Bulld-On-Bellef do. Operatlng 7 days 4 weeK 365 days J ye&r we are praud to Say that ftsndiftg has allowed us to support people on bank holldays Includlng Chrlstma5 Oay when drug ènd alcohol support 5ervlce5 are Iyplc6llyc105ed. The lundlng has olso 811owed us to create unlque events for onllne p4rtKlpants such 8S the onllne ChrT5tsTra5 get-together, cruclal at 2 dlfflcult tlme of the year for m8ny people with a hlstory of problematlc subSlan use. 4nd the Easter two week Earne where p4rticlp3nts were encouraged to 80 to dlfferent groups In order to solve a puzzle. Thls entoyra8ed connectlon In dEfferent Èroups they may not normallygo to. FlnalEy the fundlng has allowed us tts pty Voluteer fatllltators for leadlng 8roups. Volunteer facllltators are people In recovery from 5ubstaDce use dlsorders andlor co-exlstins psychiatric disorders who h8ve been tBlned In facilitating our onllne groups. fhls provldes a vlslble pathway of pro8ressloA for partlclpants and we currently have two more¥oluntpers In tralnlng to dellver new Eroups. 19 An4lysls of net osset5 between funds Currentperlod Unresttltied General Yotal fund$ Tangible flxed assets Flxed 8sset Investments Currentasset$ lJ.683 515 11,683 515 614.714 125,7421 614,714 125,7421 Total net 85SÈts 601.170 601,170 Pr¢vlous perlod Tot*1 futtds at 31 Morch 2023 fund5 GÈooro1 Tanglble hxed assets Fixed asset 5nvestments cuent assets Current Ilabllltle$ 8,681 424 8,681 424 414.462 116,6131 414,462 It6,6131 Tot81 nÈt assets 406,954 406,954 PB6e 29