Registered number: 08142721 Charity number: 1151484
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 19 |
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2022
| Trustees & Directors | Mr R. Sawas |
|---|---|
| Mr T. Usmani | |
| Mr K. Usmani | |
| Mr S. Malik (resigned 25 January 2023) | |
| Mr. A Butt (resigned 25 July 2022) | |
| Mr S. I. Abukalil | |
| Dr A. Abbas-Hanif (appointed 1 February 2022) | |
| Mr N Almas Afzal (appointed 1 February 2022) | |
| Company registered number 08142721 Charity registered number 1151484 Registered office 50 Havelock Terrace London SW8 4AL Chief executive officer Sabah Gilani Accountants Simmons Gainsford LLP Chartered Accountants 14th Floor 33 Cavendish Square London W1G 0PW |
Page 1
BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
TRUSTEES & DIRECTORS' REPORT FOR THE YEAR ENDED 31 JULY 2022
The Trustees present their annual report together with the financial statements of the Better Community Business Network Limited for the year 1 August 2021 to 31 July 2022. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Objectives and activities
a. Policies and objectives
AIMS
To provide an effective conduit to encourage businesses to actively participate in community projects.
OBJECTIVES
BCBN seeks to identify worthwhile community projects and partner with credible charities. To raise the necessary funds and awareness to support socially challenging causes.
VALUES
As a Muslim led organisation, we have a set of shared values that help us make a positive contribution to society: integrity; transparency; and social justice.
POLICIES AND OBJECTIVES
a) To promote cooperation, consensus and unity within the Muslim community.
b) To support charities and organisations, which provide services that, benefit the community as a whole. c) To establish a position for the Muslim community within the UK that is fair and based on due rights. d) To foster better community relations and work for the good of society as a whole. e) To present Muslims in a positive light.
POLICIES
As a founding principle, the charity’s ongoing running costs are funded by the Trustees, and all other monies collected net of the specific event costs are distributed to the charitable causes supported.
b. Activities undertaken to achieve objectives
BCBN has held no gala events since the pandemic until further notice. Due to no gala events taking place, BCBN’s grant initiative has also been operating on a reduced capacity, awarding grants on a limited basis as available funds dictate. In order to support larger programmes and activities, BCBN has explored external grant funding to sustain current project commitments and seek new charitable initiatives.
During this period, BCBN sought grant funding from Islamic Relief UK to cover the project costs of resilient me, delivered by the children’s society. BCBN also applied to the fore grant for the launch of Muslim Mind Collaborative covering salary costs.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
TRUSTEES & DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Objectives and activities (continued)
c. Main activities undertaken to further the charity's purposes for the public benefit
BCBN’s Grant Initiative aims to provide small third-sector grant awards to empower charities and local community projects. This Initiative distributes a one-off grant award of up to £3,000 per charity or to small but credible community projects, which are able to demonstrate their positive impact on the communities they aim to serve. We have in place strict vetting procedures and criteria for successful applications. We take a responsible attitude to the funds provided by our donors. The Initiative runs throughout the year, alongside BCBN’s more headline efforts. Our list of selection criteria, activities excluded and the assessment process is noted on the website: http://bcbn.org.uk/grant-initiative/ A full list of all our beneficiaries through BCBN’s Grant Initiative are listed on http://bcbn.org.uk/beneficiaries/.
The Resilient Me project 2019-2022 is delivered by the The Children’s Society in partnership with BCBN, delivering a whole-school approach to mental health and wellbeing in schools.
The Muslim Mind Collaborative (MMC) has been formed as a result of ground breaking research conducted into the Mental Health and Wellbeing of British Muslims and drawing on academia, statutory services, community practitioners, faith leaders and faith-led psychotherapy services. Our aim is to widen the parameters of the agenda on Mental Health to consider the needs of faith communities and service users of Muslim background. Our findings can be found on the BCBN website. MMC’s vision is to embark on a journey with our partners to ensure access to appropriate mental health and wellbeing support for Muslim communities across the UK. To build a world where everyone has a quality of life and pathways to health.
The Trustees consider that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
Achievements and performance
a. Main achievements of the charity
In 2019, BCBN partnered with The Children’s Society to deliver the Resilient Me programme, ending in July 2022. The project has engaged with 121 young people across 4 schools. 1. Delivering 3 faith-sensitive and culturally competent wellbeing programmes for young people in schools or faith/ community groups. | 2. Delivering 3 training sessions for teachers or other professionals on culturally competent and faith sensitive approaches to mental health and wellbeing? | 3. Delivering 3 awareness raising sessions on mental health and wellbeing for parents and carers of Muslim young people. | 4. Deliver 1-2 Sessions to Scouts group ages 10 – 14 years old and 1 session to Explorers aged 14-18 years. | 5. Delivery of diverse Books to participating Schools.
In keeping with the theme and rising incidence of mental health and wellbeing issues, BCBN launched ‘Muslim mind Collabrative’, building upon its recommendations in the Hidden Survivors report. The Programme has developed a website, podcast and members board to form activities which correspond to the programme objectives.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
TRUSTEES & DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Achievements and performance (continued)
b. Plans for future periods
BCBN will continue to seek ways in which it can engage with the business community to continue supporting charitable causes. It will look at how it engages with businesses and charities for a future gala event.
BCBN marked its 10-year anniversary since the founding members launched the platform by holding an anniversary dinner to thank our supporters, sponsors and partners.
Muslim Mind Collaborative has been growing in its membership of mental health and wellbeing organisations, professionals and practitioners. We hope to continue working in the field of youth and education and launch our website.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for 12 months from the signature of the balance sheet. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
b. Reserves policy
As a founding principle, the charity's ongoing running costs are funded by the Trustees, and all other monies collected net of the specific event costs are distributed to charitable causes supported.
c. Financial position
At the year end the charity had unrestricted reserves of £9,978 (2021: £4,051).
Structure, governance and management
a. Constitution
The entity is constituted as a company limited by guarantee, company registration number 08142721, and is governed by the Memorandum and Articles of Association dated 13 July 2012. It is a registered charity, registration number 1151484. Its registered office is 50 Havelock Terrace, London, SW8 4AL and the charity's website is http://bcbn.org.uk/.
The trustees who served in the period are listed on the 'Reference and administrative details of the charity, its trustees and advisers' page.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
TRUSTEES & DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
All trustees provide strategic governance and advice to the organisation. Trustees make key decisions around budget, events and activities, supported projects and causes. The charity employees and volunteers present charity partners and projects to the board of trustees for decisions to be made on the programmes the charity supports and funds.
d. Trustees
The trustees who served in the period are:
Mr A Butt (resigned on 25th July 2022) Mr S Malik (resigned 25th January 2023) Mr R Sawas Mr T Usmani Mr K Usmani Mr S I Abukalil Dr Allyah Abbas-Hanif (appointed 1st February 2022) Nayeer Almas Afzal (1st February 2022)
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements 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.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
TRUSTEES & DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Statement of Trustees' responsibilities (CONTINUED)
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Approved by order of the members of the board of Trustees on 31 May 2023 their behalf by:
and signed on
................................................ Mr T. Usmani Trustee
Page 6
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2022
Independent Examiner's Report to the Trustees of Better Community business Network Limited ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 July 2022.
Responsibilities and Basis of Report
As the Trustees of the charity (and 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 charity 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 the charity's accounts carried out under section 145 of the Charities Act 2011 ('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 charity's gross income exceeded £250,000 your examiner must be a member 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 member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
-
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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 31-05-2023
Abdultaiyab Pisavadi Bsc FCA
Simmons Gainsford LLP Chartered Accountants 14th Floor 33 Cavendish Square London W1G 0PW
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2022
| Note Income from: Donations and legacies 3 Expenditure on: Charitable activities 5 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 267,442 261,515 5,927 4,051 5,927 9,978 |
Total funds 2022 £ 267,442 261,515 5,927 4,051 5,927 9,978 |
Total funds 2021 £ 113,098 |
|---|---|---|---|
| 109,644 | |||
| 3,454 | |||
| 597 3,454 4,051 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
All activities are classified as continuing.
The notes on pages 10 to 19 form part of these financial statements.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 08142721
BALANCE SHEET AS AT 31 JULY 2022
| Note Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total net assets Charity funds Restricted funds Unrestricted funds Total funds |
- 23,343 23,343 (13,365) |
2022 £ 9,978 9,978 - 9,978 9,978 |
72,079 29,945 102,024 (97,973) |
2021 £ 4,051 |
|---|---|---|---|---|
| 4,051 | ||||
| - 4,051 |
||||
| 4,051 |
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 31 May 2023 and signed on their behalf by:
................................................
Mr T. Usmani Trustee
The notes on pages 10 to 19 form part of these financial statements.
Page 9
BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1. General information
The charity is a company limited by guarantee and registered in England and Wales. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 in total.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Section 1A of Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 S1A) (effective 1 January 2019), Section 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Better Community Business Network Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going Concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for 12 months from the signature of the balance sheet. For this reason they continue to adopt the going concern basis in preparing the financial statements.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees’ report for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 10
BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred. In this instance, the grants are in relation to income from the furlough scheme due to the Covid-19 pandemic.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Page 11
BETTER COMMUNITY BUSINESS NETWORK LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
2. Accounting policies (continued)
2.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
2.11 Cash flow statement
In accordance with the Charities SORP (FRS 102) the Charity is claiming exemption from the requirement to prepare a cash flow statement on account of it being a small Charity.
Page 12
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
3. Income from donations and legacies
| Donations Grants Donations Grants Furlough income Analysis of grants Grants, BCBN Grant Initiative Grants, BCBN Grant Initiative |
Unrestricted funds 2022 £ 249,509 17,933 267,442 Unrestricted funds 2021 £ 93,993 4,330 14,775 113,098 Grants to Institutions 2022 £ 95,335 Grants to Institutions 2021 £ 17,367 |
Total funds 2022 £ 249,509 17,933 267,442 |
|---|---|---|
| Total funds 2021 £ 93,993 4,330 14,775 113,098 |
||
| Total funds 2022 £ 95,335 |
||
| Total funds 2021 £ 17,367 |
4. Analysis of grants
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
4. Analysis of grants (continued)
The charity has made the following material grants to institutions during the year:
| Name of institution Chance to Shine - Capital Kids Cricket People and Gardens DAWN Charitable Trust The Raw Project London Alexandra Wyli Tower Foundation Manchester Carers Centre Yound Roots Mums United Charitable Bank The Children's Society Friends of Stroud Green The African Smile Centre Islamic Society Britian The Salam Project Ministries of Stories UCARE Cramlington in the Community CVQO Limited Action for Kids Charitable Trust Miracles Bright Futures Foundation Other grants to institutions |
2022 £ - - - - - - 3,000 2,700 61,116 2,000 2,883 2,850 1,500 2,550 3,000 2,526 2,605 2,605 3,000 3,000 95,335 - 95,335 |
2021 £ 3,000 3,000 3,000 2,963 1,500 2,910 - - - - - - - - - - - - - - |
|---|---|---|
| 16,373 994 |
||
| 17,367 |
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
5. Analysis of expenditure by activities
| BCBN Grant Initiative Annual Gala Other Charitable BCBN Grant Initiative Annual Gala Other Charitable |
Activities undertaken directly 2021 £ - 17,620 20,000 37,620 |
Grant funding of activities 2022 £ 95,335 - - 95,335 Grant funding of activities 2021 £ 17,367 - - 17,367 |
Support costs 2022 £ 77,106 71,141 17,933 166,180 Support costs 2021 £ 15,861 16,089 22,707 54,657 |
Total funds 2022 £ 172,441 71,141 17,933 261,515 |
|---|---|---|---|---|
| Total funds 2021 £ 33,228 33,709 42,707 109,644 |
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(A Company Limited by Guarantee)
BETTER COMMUNITY BUSINESS NETWORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Salary and wages Pension Publicity and marketing Event hire and audio/visual Bank charges Sundry expenses Accountancy fee Grant funded employee Support costs Salary and wages Pension Bank charges Sundry expenses Accountancy fee Support costs |
BCBN Grant Initiative 2022 £ 68,166 3,778 - - 179 508 2,500 - 1,975 77,106 BCBN Grant Initiative 2021 £ 14,299 324 50 198 790 200 15,861 |
Annual Gala 2022 £ 2,200 - 1,844 61,847 - - - 2,500 2,750 71,141 Annual Gala 2021 £ 14,507 329 50 199 801 203 16,089 |
Other Charitable 2022 £ 17,933 - - - - - - - - 17,933 Other Charitable 2021 £ 18,862 421 57 228 909 2,230 22,707 |
Total funds 2022 £ 88,299 3,778 1,844 61,847 179 508 2,500 2,500 4,725 166,180 |
|---|---|---|---|---|
| Total funds 2021 £ 47,668 1,074 157 625 2,500 2,633 54,657 |
6. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £2,500 (2021: £2,500).
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
7. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 43,135 4,533 3,778 51,446 |
2021 £ 44,665 4,966 1,074 |
|---|---|---|
| 50,705 |
The average number of persons employed by the charity during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Employees | 4 | 2 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the Chief Executive Officer. The total remuneration of key management personnel during the year was £48,971 (2021: £41,486).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 31 July 2022, no Trustee expenses have been incurred (2021 - £NIL).
9. Debtors
| Due within one year Prepayments and accrued income Furlough income receivable |
2022 £ - - - |
2021 £ 71,141 938 |
|---|---|---|
| 72,079 |
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
10. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 1,676 639 11,050 13,365 |
2021 £ 1,786 324 95,863 |
|---|---|---|
| 97,973 |
11. Summary of funds
Summary of funds - current year
| Designated funds General funds Designated funds General funds |
Balance at 1 August 2021 £ - 4,051 4,051 Balance at 1 August 2020 £ - 597 597 |
Income £ 82,120 185,322 267,442 Income £ 17,620 95,478 113,098 |
Expenditure £ (71,141) (190,374) (261,515) Expenditure £ (17,620) (92,024) (109,644) |
Balance at 31 July 2022 £ 10,979 (1,001) 9,978 |
|---|---|---|---|---|
| Balance at 31 July 2021 £ - 4,051 4,051 |
12. Designated funds
The designated fund represents money designated by the Trustees to be paid out to the charitable cause(s) supported by the annual fundraising event.
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BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 23,343 (13,365) 9,978 |
Total funds 2022 £ 23,343 (13,365) 9,978 |
|---|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 102,024 (97,973) 4,051 |
Total funds 2021 £ 102,024 (97,973) 4,051 |
|---|---|---|
14. Related party transactions
The total aggregate value of donations received from trustees and other related parties in the year was £114,500 (2021: £60,500). No conditions were attached to these donations.
During the year, an other charitable donation of £Nil (2021: £15,000) was made to a charity with a common trustee.
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