Registered number: 08142721
Charity number: 1151484
BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
UNAUDITED TRUSTEES, REPORT AND FtNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

BEThER COMMUNITY BUSINESS NETWORK LIMITED
{A Company Limited by Guarantee)
CONTEKrs
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees, Report
Independent Examinerfs Report
Statement of Financial Activities
io
Balance Sheet
Notes to the Financial Statements
12-21

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 2024 

## **Trustees & Directors** 

Mr R. Sawas Mr T. Usmani Mr K. Usmani Mr S. I. Abukalil Dr A. Abbas-Hanif Mr N Almas Afzal (Resigned 19 September 2024) 

**Company registered number** 08142721 **Charity registered number** 1151484 **Registered office** 50 Havelock Terrace London SW8 4AL **Chief executive officer** Sabah Gilani **Accountants** Simmons Gainsford Professional Services Limited Chartered Accountants 14th Floor 33 Cavendish Square London W1G0PW 

Page 3 



BETTER COMMUNITY BUSINESS NETWORK LIMITED 

## (A Company Limited by Guarantee) 

TRUSTEES & DIRECTORS' REPORT FOR THE YEAR ENDED 31 JULY 2024 

The Trustees present their annual report together with the financial statements of the Better Community Business NetworkLimited for the year 1 August 2023 to 31 July 2024. 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 January2019). 

## **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. 

Page 4 



BETTER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limited by Guarantee)
TRUSTEES & DIRECTORS, REPORT (CONftNUED) FOR
THE YEAR ENDED 31 JULY 2024
b. Activities undertaken to achieve objectives
BCBN has been Nnning its ITI'41111 1111li.ilii i.. small grant awards since 2013 and was able to distribute funding to
small community groups allowing us to distribute a grant of up to £3000 per monih.This has continued in the
current financial year. Euroquality also donated unrestricted funding to BCBN to carry out its charitable
objectives in 0810412024.
I I Il*!Iiii Iliiiil G't)15'11)L)I"Il li L, provides culturally competent mental health support, training, advocacy, and
community engagement to improve mental health outcomes for Muslim communities across the UK. In
September 2023 il launched ' I';IliiL I..1 L'l"I li I Iiid. education loolkils, supporting young Muslims in UK schools.
Furthern]ore, it launched a new podcast series '
ILi%I1111 11 i)IllL'lI "I"'Ilk' a Ramadan series on empowering Muslim
women and discussing wellbeing. Sponsors of the podcast series I were Barnardo's (5.4.24) and IRUK {2.7.24).
. Main actisqties 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 lo £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 strtct vetting procedures
and criteria for successful applications. We take a responsible altitude to the funds provided by our donors. The Initiative runs
throughout the year, alongside BCBN'S more headline efforts. Our list of selection criteria, activilies excluded and the
assessment process is noted on the website.. http'.In)cbn.org.uklgrant-initiativel A full list of all our beneficiaries through
BCBN'S Grant Initiative are listed on http:Ilbcbn.org.uklbeneficiaries/.
The Muslim Mind Collaborative (MMC) has been forn]ed as a result of ground breaking research conducted into the Mental
Health and Wellbeing of British Muslims and drawing on academia, statutory services, communily 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 lo 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.
Muslim Women Talk Ramadan podcast provides a dedicated plaifonn amplifying the voices of Muslim women, reflecting
BCBN'S commitment to supporting marginalised communities. As the leading wellness and lifestyle podcast on Ramadan,
created and hosted by experts, it engages an untapped audience through storytelling, education, and representation. By
fostering community cohesion and empowennent, it contributes to broader social impact and inclusion.
Page 5

BEThER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
TRUSTEES & DIRECTORS, REPORT (CONTtNUED) FOR
THE YEAR ENDED 31 JULY 2024
The Tn￿tee8 consider that they have complied with the duty in section 4 of the Charities Act 201 I to have due regard to the
public benefit guidance published by the Charity Commission.
Achievements and performance
a. Main achievements of the charity
Since 2021, BCBN launched the 'Muslim Mind Collaborative.. building upon ils recommendations in the Hidden
Survivors report continued to deliver in the current financial year. The Collaborative attracted over 50 (non-fee)
member organisalions and services lo engage with others in the sector to further MMC objectives and share
learning in the current financial year. MMC also built upon its expertise from the 2019 'Resilient Me, programme
by creating 'Value Every Mind, educational toolkits as self-help guides for schools - staff, parents, and students.
The resource provides a faith and culture-sensitive approach to Enenlal wellbeing and resilience in schools.
Furtherniore, the launch of the new podcast 'Muslim Women Talk, series gained 8000 listeners within a few
month4 of launch. was nominated for the International Women's Podcast Award 2024, and was spotlighted on
Apple Podcasts during the Ramadan series. The podcast attracted high-profLle guests and helped promote the
MMC ethos through its key messaging.
BCBN is diversifying its grant initiative donor base and strengthening its grant-making framework to support
disadvantaged communities across the UK. In doing so, we are able to continue our efforts in supporting
grassroots initiatives and building social cohesion.
b. Plans for future periods
We welcome broader support and recognition of our efforts in community grant-making and strategic
partnerships while exploring sustainable and impactful funding models for BCBN'S Grant Initiative.
BCBN will continue to seek ways in which it can engage with the business community to continue supporting ¢hariiable
causes. It will look al how it engages with businesses and charitkes for ￿tUre events and partnerships.
Muslim Mind Collaborative has been growing in its membership of mental health and wellbeing organisations, professionals
and practitioners. We hope to register as a CIC and explore future ￿ndIng opportunitie5 for its growth and expansion. We
hope to partner with Mind UK mental health organisation in strengthening our mission and outreach across the sector.
Financial review
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 slalemenls. Further details regarding the adoption of the going concern
basis can be found in the Accounting Policies.
Page 6

BETtER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limited by Guaranlee)
TRUSTEES & DIRECTORS, REPORT (CONTtNUED) FOR
THE YEAR ENDED 31 JULY 2024
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 dislributed to charitable causes supported.
Financial position
At the year end the charity had unrestricted reserves of £32,681 (2023: £36,293).
Strueturej governance and management
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'.1￿cbn.org.u1￿.
The trustees who served in the period are listed on the 'Reference and adrninistrative 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 ternis of the
Memorandum of Association.
. Organisational structure and decision-making policies
All trustees provide strategic governance and advice to the organisation. Ttustees make key decisions around budget, events
and activities, supported projects and cause5. The charity employees and volunteers present charity partners and projects to
the board of trnstees for decisions to be made on the prograrnmes the charity supports and ￿llds.
d. Trustees
The trustees who served in the period are..
Mr R Sawas
Mr T Usmani
Mr K Usmani
Mr S I Abukalil
Dr Allyah Abbas-Hanif
Mr N Almas Afzal (Resigned 19 Seplember 2024)
Page 7

BErrER COMMLfNITY BUStNESS NETWORK LIMITED
{A Company Limited by Guarantee)
TRUSTEES & DIRECTORS, REPORT (CONrtNUED) FOR
THE YEAR ENDED 31 JULY 2024
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 Pra¢ti¢e).
Company law requires the Trustees to prepare fmancial statements for each financial year. Under company law, the Trustees
must not approve the financial statements unless they are satisfied Ihal they give a lrne 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.
n preparing these financial statements, the Trustees are r¢quired 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;
stal¢ 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 Ihe charity's
transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure
that the fmancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies
exemption.
Appr
d by order of the members of the board of Trustees on 24 IV f i and signed on their behalf by..
Mr T. Usrnani
Trustee
Page 8

BE￿ER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limited by Guarantee)
tNDEPENDENf EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024
Independent Examiner's Report to the Trustees of Better Community business Network Limited ('the charity,)
I report to the charily Trustees on my examination of the accounts of the charity for the year ended 31 July 2024.
Responsibilities and Basis of Report
As the Trnstees of the charity (and ils directors for the purposes of company law) you are responsible for the preparation ol
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 ('Ihe 201 l 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
I have completed my examination. I confirni 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
the accounts do not comply with the accounting requirements of section 396 of the 2006 A¢t other than any
requirement that the accounts give a 'trne 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 lapplicable lo 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 lo enable a proper understanding of the accounts to be reached.
This report is tnade solely lo 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 stale to them in an Independent Examiner's Report and for no other pury)ose. To the ￿lIest extent pennitted by
law, I do not accept or assume responsibility to anyone other than the charity and the Charity's Trnstees as a body, for my
work or for this report.
Signed..
Dated: 24-04-25
Abdultaiyab Pisavadi Bsc FCA
Simmons Gainsford Professional Services Limited
Chartered Accountants
14th Floor
33 Cavendish Square
London
WIG OPW
Page 9

BEftER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING tNCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024
Unrestricted funds
2024
Total
funds 2024
Total
nds
2023
Note
Income from:
Donations and legacies
83,475
83,475
153.058
Expenditure on:
Charitable activities
87,087
87,087
126,743
(3,612)
(3.612)
26,315
Net movement in funds
Reconciliation of funds:
Total ￿ndS brought fomrd
Nel movement in funds
36.293
(3,612)
36,293
(3,612)
9,978
26.315
32,681
Total funds carried forward
32,681
36,293
The Statement of Financial Activities includes all gains and losses recognised in the year.
The slalement 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 12 to 21 form part of these financial statements.
Page 10

BErfER COMMUNITY BUSINESS NETWORK LIMITED
{A Company Limited by Guarantee)
REGISTERED NUMBER.. 08142721
BALANCE SHEET
AS AT 31 JULY 2024
2024
2023
Note
Current assets
Cash at bank and in hand
36,163
40,057
36,163
40,057
Creditors.. amounts falling due within one
year
(3,482)
{3,764)
Net current a$$ets
32.681
36,293
Total net assets
32,681
36,293
Charity funds
Restricted funds
Unrestricted funds
32,681
36,293
32,681
36,293
Total funds
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 Aci 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 fmancial slatements 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 Z4 4P fl and signed on their behalf by:
Mr T. Usmani
Tn￿lee
The note5 on pages 12 to 21 fonn part of these financial statements.
Page 11

BE￿ER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
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 l. In the event of the charity being wound up, the liability in respect of the guarantee
is limited lo £10 in total.
Accounting policies
2.1 Basis of preparation of fillaneial 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 l A of Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102 S IA) (effective l January 2019), Section IA 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 meetg the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unSess 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 th¢ amount of tn¢ome 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 bul 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.
Donaled 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 lirne of the Friends is not recognised and refer to the Trustees, report for rnore infonnation
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 lo obtain services or facilities of equivalent
economic benefit on the open market. a corresponding amount 18 then re¢ognised in expenditure in the period of
receipt.
Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
Page 12

BE￿ER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constru¢tive obligation to transfer economic beneftt to a third
party. il is probable that a transfer of economic benefits will be required in setilernent 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 aclivily. Direct
costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more
than one acttvity and support costs which are noi attributable lo 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 activilies which further the charity's
objectives, as well as any associated support costs.
Grants payable are charged tn 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 &tlaching are fulfilled. Grants offered subject
to conditions which have not been mel 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 lo tangible fixed assets are treated as deferred income and released to the Statement
of financial activities over the expected use￿1 lives of the assets concerned. Other grants are credited to the
Statement of financial activities as the related expenditure is incurred.
2.6 Cash at bank and in hand
Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity of three
months or less from the dale of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation al 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 13

BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Cornpany Limiied by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
2. Accounting policies (continued)
2.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instrumenls are initially recognised al transaction value and subsequently measured al their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using the
effective interest method.
2.9 Fund accounting
General funds are unrestricted ￿ndS which are available for use at the discretion of the Trustees in furtherance
of the general objectives of th¢ 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.
2.10 Cash floiv statement
In accordance with the Charities SORP (FRS 102) the Charity is Claiming exemption from the requirement lo
prepare a cash flow statement on account of it being a small Charity.
3. Income from donations and legacies
Unrestricted
funds
Total
nds
2024
2024
Donations
64,600
18,875
64,600
18,875
Grants
83.475
83.475
Unrestricted
funds
2023
Total
nds
2023
Donations
65,848
87.210
65,848
87,210
Grants
153,058
153,058
Page 14

BErrER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FfNANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
4. Analysis of grants
Grants to
Institutions
Total
funds
2024
2024
Grants. BCBN Grant Initiative
17,480
17,480
Grants to
Institutions
Total
funds
2023
2023
Grants, BCBN Granl Initiative
30,284
30,284
Page 15

BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee}
NOTES TO THE FtNANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
4. Analysis of grants (continued)
The charity has made the following material grants to institutions during the year..
2024
2023
Name ol institution
Muslimah Sports Association
Kent enterprise trust
The Children's Society
Cycle Sisters
Community Development Link (CODEL)
Sound Waves
2,500
3,000
4,361
2,996
2,999
3,000
2,985
MAGPAS Air Ambulance
Creative Change
Small Acts of Kindness
Ella's home
3,300
3.000
3,000
2,892
3,000
2.970
2,771
1,990
3,000
Portsmouth Down syndrome
ALICE
Churn Project
Nelson Trust
Sunbean Play
Encephalitis Society
17,480
30,284
17,480
30,284
Page 16

BE￿ER COMMLfNITY BUStNESS NETWORK LIMITED
(A Cornpany Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
5.Analysis of expenditure by activities
Grant
funding of
activities
Support costs Total
2024
funds
2024
2024
BCBN Grant Initiative
17.480
69,607
87,087
17.480
69,607
87,087
Grant
funding of
activities
Total
funds
2023
Support costs
2023
2023
BCBN Grant Initiative
30.284
96,459
126,743
30.284
96,459
126,743
Page 17

BETTER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FtNANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
5.Analysis of expenditure by activities (continued)
Analysis of support costs
BCBN Grant
Initiative Annual Gala
2024
2024
Other
Charitable
2024
Total
nds
2024
Salary and wages
Pension
64,749
1,321
64,749
1,321
Publicity and marketing
Event hire and audiolvisual
12,517
(12,467)
112
12,517
(12,467)
112
Bank charges
Sundry expenses
Accountancy fee
Support costs
595
595
1,800
980
1,800
980
69,607
69,607
BCBN Grant
Initiative
Other
Charitable 2023
Total
nds
2023
Annual Gala
2023
2023
Salary and wages
Pension
86,481
1,784
2.195
88
86,481
1,784
2,195
88
Publicity and marketing
Bank charges
Sundry expenses
Accountancy fee
Support costs
623
623
1,500
3,788
1,500
3.788
96,459
96,459
Page 18

BETtER COMMUNITY BUSINESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 JULY 2024
6. Independent exatniner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,800 (2023.. £1,800).
7. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribulion to defined contribution pension schemes
58.000
6,749
1,321
78,051
8,430
1,784
66.070
88.265
The average number of persons employed by the charity during the year was as follows..
2024
2023
Employees
No employee received rernuneration 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
rnanagement personnel during the year was £58,000 (2023.. £58,000).
8. Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 July 2024, no Trustee expenses have been incurred (2023 - £NIL).
9. Creditors: Amounts falling due within one year
2024
2023
Other taxation and social security
Other creditor5
1,712
1,767
484
257
Accruals and deferred incoffle
1.513
1,513
3.482
3,764
Page 19

BErrER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FtNANCIAL STATEMEKfs FOR
THE YEAR ENDED 31 JULY 2024
10. Summary of funds
Summary of funds - current year
Balance at I
August 2023
Balance al
31 July 2024
Incorne Expenditure
Designated ￿ndS
General funds
10,979
25.314
10.979
21,702
83,475
(87,087)
36,293
83.475
(87,087)
32,681
Balance at
l August
2022 £
Balance at
Expendkture 31 July 2023
Income
Designated ￿ndS
General funds
10,979
(I,ooi)
10,979
25,314
153,058
(126,743)
9,978
153,058
(126.743)
36,293
11. 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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BE￿ER COMMUNITY BUStNESS NETWORK LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FtNANCIAL STATEMEKfs FOR
THE YEAR ENDED 31 JULY 2024
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
Total
fi￿d8
2024
2024
Current assets
36,163
(3,482)
36,163
(3,482)
Creditors due wiihin one year
32.681
32,681
Total
Analysis of net assets between funds - prior year
Unrestricted
nds
2023
Total
funds
2023
Current assets
40,057
(3.764)
40,057
(3,764)
Creditors due within one year
36,293
36,293
Total
13. Related party transactions
The total aggregate value of donations received from trustees and other related parties in the year was £64,600 (2023..
£50,450). No conditions were attached to these donations.
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