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 Act￿l￿e$
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 Sull￿an 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 Pre￿￿re$ 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 beha￿a￿rS can be chan8pd.
No one comes away unmoved bythe storles of overcomlng advers5ty.
Purpos4 A¢tlvltles & Impacts
Purposè
BOB Is a SuppOrt￿e 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 conneCtI￿tY 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, Medstat￿nI. 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 aCtI￿1]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¥vic￿￿ubs 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 eXpe￿ente, whether as
volunteer5, team leaders. stsff, ortrusree5.
Our performance
Local social attfvlty hubs acrossthe elght London borou8hs ran 35 giotyps acros5 L7 diffe￿nE 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. $¢¢111 Isc*LItkn n=145
A8alnst a bickdrop of year5 of 5ub5tance use dlsorder, conslderèble heèlth needs and unstable Ilvlng tandltlons.
these Impacts arevery encoura8ln8 and relnforce the case for peer-led recovery efforts.
Schle & severlty of need
De$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 aCti￿treS 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 Sou￿5 01 fufid5 camÈ through cOnt￿Ct5 dlrethy wlth local 8Uthorltles or thrtvBh subcontracts wlth
drug and 31cohol treatment 5erYlce pro￿derS such as CGL Turnlrw Polnt.CNWL Trust 8nd VIA.
Rlsk& fln8nclal manaBoment
The Boards bl.rnDnthly mee￿￿85 re￿fve 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 effe￿￿elY 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 FI￿ncIal 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
R￿eNe$ are held to ensure short tertn cash flow, 85a b￿fer 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 ser￿￿5 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
SUpptFrtl￿g 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 nU￿berstaN ènd volunteers. Also we hève reStrL￿tUred to pro￿de 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 retr￿￿ment and retention ¢f staff. In London and
the sOUth-ea$t thls Is becomlng espetlalty dlffitult. as It Is acr055 the whole of the NHS fdre sector5. Our
response to thls has been both to ramp up Intern81 devek)pment 8nd proEresyon plans and to carry out 4
tomp8r8tlve market salary review which h85 r￿ulted in Several posltlvÈ adlustments across the orgènlsatlon and
some ol our reserveswere allocated forthls purpose,
The luture
We stan 2024-25 wTth some cèutbus optlm15rn. forseveral rea50ns'.
• De5plte the pre55ures of publlc flnance. we hove been surce5sful In our efforts to open durlnE 2024 new Services
In Hounslow, Westminster, West & East Sussex and But￿ngham$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$5ed a commltment to 5teerln8 public fundlng to support Investment that
dellvers lonEer twm savln8s. We can demonstrate that those Involved In BOB'S servlces report a more su5talDable
recovery.
So, whlle we are oP￿MIst1c, a5 trustees we are fully aware and apprecl8tlve that It15 only throvgh the hard-wo¥k,
commltment ind Insplratknn of OUT managers #nd Staff, backed up by the volunteer5, that 8oB tpntSnues to
flourfsh.
Trustees ond officers
The trustees and offlcers servln8 durlngtheyear and slncethe year end ware as fdkiws..
Trustees..
Anlta Gundech3
RoÉer Howard
Rebecca Kelly Ire51gned 8 September 20231
Jame5 Levlseur
Jo18de Olusanya IRe518ned 9 Apdl 2D241
lane PettlfÈr
Stuart Robertson
AleK Royffe
Naetha Uren Ire$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 prIncI￿e5 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 w￿h 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 1nfOrrnat￿n Included
on the ch8rltable Company's wÈbslte. LeglglÈtlon 8overnlng the preparatlon and dlssemlnatlon of fina￿la1
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 Char￿leS 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 Pract￿e. 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 responslb11￿seS 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$e5 the Inf0m￿tIon Includtrd
In the #nnual report, other than the fInanc￿l statemen¢5 Ind our audltorfs report thereon. Our oplnlon on the
rinanc(81 statements does not Eover the other Information and, except to the extent otherwlse eNpllcftly stated In
¢ur reporL we do not expres5 anyform of assurance ¢onclu5bn thereon.
In ¢cinn￿tIon wlth ovraudlt of the flnancial st4tements, our responslbllity 1$ 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$5tated. If we IdentSfy suth materfal
IKons15tencle5 or apparent mater131 rnlsstatements, we arE reqvired to determlne whether there Is a materlal
mlsstatement In the flnanclal statÈment5 or 4 malerlal mlsstttement of the other Inform8tlon. If, bèsed on the
work we hove performed, we wnclude th&t there Is 8 matervdl mlsslatement of thls other informatlon, we are
requlred to report that fact,
We have nothlnE to report In thls Te8ard.
Oplnlon on Other mdtter prescrlbed by*he CompaThlesAct 2006
Inouroplnion. based on the ivork undèrtèken In the course of the audlt..
the informallon gfv*n In the Tru5tee5' Report for the finanelal year for whlch the flnanclal statements are
prepared15 conslstent wlth the IlnHn¢lo15tstements,' and
theTrustee5' Report has been prep3rEd in 4¢cordance wlth app1￿)ble legil requlremEnts.
Matters on whlrh we ar¢ requlred to report by exeeptlon
In the Ilght o* our knowledge ènd understandln8 of the tharfty and Its en￿rOnment obtalned In the course of the
audft, we have not Identifled material mlsstatement$ 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 rece￿ed all the InformatloTh and emplanatlons we requlre forouraudlt.
Responslbllltles of trustees
As Èxplttlned rr￿te 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'. Amou*ts 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¢•rnèlu*ds
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 re￿I¥￿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 ap￿1(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 t￿tUre 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 re￿1¥able can be measured lellèbly.
Donqtlons tr￿dIe9t?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 rt￿lY￿ble
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¥pendl*ure
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.
P*8e 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.
Des*nated lunds are unr*trlcled 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 re￿1 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 per￿d5.
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 CoMm￿nIty
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 8NamInat￿fi
Bank charEes
Deprec13tlon of plantand m8chlnery
6,658
4￿40
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$8d
ga5n¥ll1055esl
Balanto at I
Aprll 2013
IncoMln8
r•sources
fte50urtos
expènded
Bfyl•nceBt 31
Mar¢h 2024
Currnnt perfod
Vnreètrtct4d
6enerlll
Gener&1 F￿d5
137.294
43,791
112,0041
91
159,172
De514nOted
NEwharn
T￿Bor0
10,842
92,A74
57,795
6,776
22.977
19.749
4,527
74m>
250,253
65,77S
92,214
62.677
168,1431
1210,8481
1146,7751
157,3281
1fj5,7571
166,6421
170A691
16,699
131.879
76,795
1,852
19,897
13,107
kl.242
Hlllln8don
airDw
BarklnE & Oaynham
CNWLHarrow
EallngRecovery
SupporlTralnl
West London- SvppDrl
CGL-Towei Ham12t5
5y58ex
WCC-HIXJS*nB￿ppOli
ProlA¢t
West5usseK-Servkes
Hammer$￿th &
Fulh8m
77,184
11.973
32.547
40,000
141,Of(Jl
20.913
32547
4,172
gt.68S
37,917
I37￿8
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
I1￿92,727}
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
s￿55
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 Volu￿teer 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
cu￿ent 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