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2024-06-30-accounts

Registered Company Number 06632086 Charity Number 1152448

PBIC LTD

Report and Unaudited Accounts

30 June 2024

PBIC LTD Report and accounts Contents

Page
Charity and Company information 1
Trustees' Report 2
Independent Examiner's report 7
Statement of Financial Activities 8
Statement of Financial Activities (Previous year comparison) 9
Balance Sheet 10
Notes to the accounts 11
Schedule to the Statement of Financial Activities 17
Schedule to the Statement of Financial Activities (Previous year comparison) 19

PBIC LTD Reference and Administrative Details

Directors

Nigel Rees Chair Monika Frak Gordon James Moritz Lank Charles Leydon Sandra Turner Gemma Chiarini

Secretary

Malgorzata Brady

Independent Examiner

Jasbir Rai ACMA BVSC Accountancy Services Birmingham Voluntary Services Council Latham House 33-34 Paradise Street Birmingham B1 2AJ

Registered office

90 - 92 Bromham Road Bedford MK40 2QH

Registered number

06632086

Registered Charity Number

1152448

1

PBIC LTD The report of the trustees for the year ended 30 June 2024

Introduction

The trustees present their annual report and accounts for the year ended 30th June 2024.

PBIC LTD (PBIC) is a charity established to support the integration of migrants from European countries with specific reference to the Polish community within Bedfordshire, into the British society.

Our vision is a society in which migrants can appreciate the values and challenges of life in the United Kingdom and in return feel empowered to give their input to create a culture of understanding and success.

Our mission statement: helping migrants settle, achieve and contribute

Chairman’s statement

The financial year July 2023 – June 2024 echoed the healthy financial stability of the previous year. This continued growth was important to us because it was becoming clear that several significant multi-year projects, together with their funding streams, were coming to a natural close in March 2025. At the same time, we knew that we wanted to maintain staffing levels as much as possible and ride out what we believed to be a temporary downturn in funding opportunities

Looking back this appears to have been the correct tactic as whilst we are now making progress on a number of funding possibilities, we also have sufficient reserves to carry us through what we expect to be an uncertain 12 to 24 months or so.

Our current staffing, together with their spread of expertise and abilities, are well worth protecting because what we have now is a team who are particularly caring, dedicated and professional and there is no drop off whatsoever in the number of vulnerable migrants that are seeking our services.

It is worth pointing out that the changes previously agreed with the Charity Commission to allow us to engage with any migrant who needed our help rather than simply Polish migrants now meant that in this financial year we were quoted more than 80 different nationalities from those who declared their origins.

On a very sad note, it was just at the conclusion to this financial year that we heard of the death of our former employee Robert Burton who led our Pathways For Recovery project in such dedicated fashion. This was the biggest and riskiest project ever undertaken by PBIC and Robert was able to see it through to a very satisfactory conclusion by the end of December 2023. He will always be remembered by those of us who knew him.

Nigel Rees

Chair of Trustees

2

PBIC LTD

The report of the trustees for the year ended 30 June 2024

Name, registered office and constitution of the charity

Full name: PBIC LTD Date of incorporation: 27th June 2008 Company registration number: 6632086 Charity number: 1152448 Date charity registered: 17-Jun-13 Charity registered office: 90 - 92 Bromham Road Bedford MK40 2QH

Public Benefit

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011, and have referred to and taken due regard to the Charity Commission guidance on public benefit and consider the charity's activities are for the public benefit.

Objectives and Activities of the Charity

Summary of main activities of the charity in relation to its objects

3

PBIC LTD

The report of the trustees for the year ended 30 June 2024

Learning, especially ESOL classes were delivered under Pathways For Recovery and our You Are Valued projects. Under YAV we continued an ESOL programme that introduced migrants to learning English in the UK. Step Into English has become an accredited course consisting of a thorough ESOL assessment, career and skills advice and a few useful tips on how to develop 4 key skills: speaking, listening, reading and writing. Step Into English is offered to all clients wanting to learn English.

Our clients face multiple complex issues often around communication, mental health, family and financial. As a result our staff also require support themselves which this year has involved away days and staff meetings that include regular art activities and meditation and regular one to one staff supervision meetings.

Future Plans

4

PBIC LTD The report of the trustees for the year ended 30 June 2024

Nature of the Governing Document and constitution of the charity

The Charity is a charitable company limited by guarantee and was set up on 27 June 2008. It is governed by a Memorandum and Articles of Association.

The methods adopted for the recruitment and appointment of new trustees

The Directors of the Company are also charity Trustees for the purposes of charity law and sit as a Board on a quarterly basis.

In line with our governing document the number of Directors shall be not less than 3 and not exceed a maximum of 16.

The Board seeks to use the knowledge and skills of those involved in the local area as well as specialists in the field of learning and advice. On their appointment each trustee will undergo induction and initial training on PBIC’s work, policies and procedures as well as trustee’s rights and responsibilities. Further training and mentoring is undertaken by trustees on a needs basis.

Organisational structure and decision making

The charity is managed by a Board of Directors who are also Trustees. A CEO is appointed by the trustees to administer day-to-day activities.

Risk management

The directors actively review the major risks which the charity faces on a regular basis. These risks are recorded on a Risk Register which, combined with risk assessments, enable the charity to effectively manage and mitigate risk.

Financial Review

Policies on reserves

The Board annually reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. The reserves that we have set aside provide financial stability and the means for the continuation of our activities. We intend to hold our reserves at a minimum of 6 months expected cashflow.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Transactions and Financial position

The Statement of Financial Activities show net incoming resources for the year of £190,526 (2023: net incoming resources £79,185). Total funds carried forward show £558,997 (2023: £368,471) of which nil (2023: £44,105) are restricted.

The total and free unrestricted reserves at the year end of 30 June 2024 stand at £558,997 (2023: £324,366). This includes £50,000 of designated funds (2023: £36,000).

Share Capital

The company is limited by guarantee and therefore has no share capital.

5

PBIC LTD The report of the trustees for the year ended 30 June 2024

Statement of Directors' and Trustees' Responsibilities

Statement of Trustees' Responsibilities

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Report of the Trustees 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 year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the Board of Trustees on 22nd February 2025 and signed on its behalf by:

Nigel Rees Director and Chair of Trustees

6

Independent Examiner's Report to the Trustees of the PBIC LTD

Respective responsibilities of charity trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institue of Management Accountants.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

  1. examine the accounts under section 145 of the 2011 Charities Act,

  2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and

  3. state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

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 that in any material respect:

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 financial statements to be reached.

Signed:

Dated:

Jasbir Rai ACMA

BVSC Accountancy Services Birmingham Voluntary Services Council Latham House 33-34 Paradise Street Birmingham B1 2AJ

7

PBIC LTD

Statement of Financial Activities incorporating an Income and Expenditure Account for the Year Ended 30 June 2024

Notes
Income & Endowments
Contracts, Grants & Donations
Total income
Expenditure
Expenditure on charitable activities
Total expenditure
Net Income for the year
Transfers between funds
10
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2024
£
401,394
401,394
166,364
166,364
235,030
(399)
234,631
234,631
324,366
558,997		 Current year
Restricted
Funds
2024
£
325,075
325,075
369,579
369,579
(44,504)
399
(44,105)
(44,105)
44,105
0		 Current year
Total Funds
2024
£
726,469
726,469
535,943
535,943
190,526
-
190,526
190,526
368,471
558,997		 Prior Year
Total Funds
2023
£
674,958
674,958
595,773
595,773
79,185
-
79,185
79,185
289,286
368,471

8

PBIC LTD

Comparative Statement of Financial Activities incorporating an Income and Expenditure Account for the Year Ended 30 June 2023

Notes
Income & Endowments
Contracts, Grants & Donations
Total income
Expenditure
Expenditure on charitable activities
Total expenditure
Net Income for the year
Transfers between funds
10
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2023
£
268,189
268,189
225,004
225,004
43,185
39,297
82,482
82,482
241,884
324,366		 Current year
Restricted
Funds
2023
£
406,769
406,769
370,769
370,769
36,000
(39,297)
(3,297)
(3,297)
47,402
44,105		 Current year
Total Funds
2023
£
674,958
674,958
595,773
595,773
79,185
-
79,185
79,185
289,286
368,471		 Prior Year
Total Funds
2022
£
491,157
491,157
460,790
460,790
30,367
-
30,367
30,367
258,919
289,286

9

PBIC LTD

Company Number

06632086

Balance Sheet as at 30 June 2024

Note 2024 2023
£ £
Fixed assets
Tangible assets 6 2,400 -
Total fixed assets 2,400 -
Current assets
Debtors 7 29,784 24,413
Cash at bank and in hand 649,418 431,684
Total current assets 679,202 456,097
Creditors:
amounts due within one year 8 (122,605) (87,626)
Net current assets 556,597 368,471
Total assets less current liabilities 558,997 368,471
Net assets 558,997 368,471
The funds of the charity :
Unrestricted income funds
Unrestricted accumulated funds 10 508,997 288,366
Designated funds 10 50,000 36,000
Total unrestricted funds 558,997 324,366
Restricted Funds 10 - 44,105
Total charity funds 558,997 368,471

The directors are satisfied that the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.

The director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Signed

Nigel Rees Director and Chair of Trustees

Approved by the Board of Trustees on …………………………………………….

10

PBIC LTD Notes to the Accounts for the Year Ended 30 June 2024

1 General Information

PBIC LTD (PBIC) is a charitable company registered and domiciled in England. Its principal activity is to operate as a charity established to support the integration of migrants within Bedfordshire, into the British society. Its registered office is 90 - 92 Bromham Road Bedford MK40 2QH.

2 Accounting policies

Basis of preparation of the accounts

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

PBIC 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.

The financial statements are presented in £ Sterling, its functional currency and rounded to the nearest £.

Accounting convention

The financial statements are prepared, on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments.

The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.

Incoming Resources

All income is recognised in the statement of financial activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Deferred income

In accordance with the SORP grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.

Recognition of liabilities

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants awarded are included in the statement of financial activities when approved by the trustees and agreed with the recipient. The value of grants unpaid at the year end is accrued. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Fixed assets and depreciation

Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.

Freehold land and buildings 2% straight line Vehicles 25% straight line Plant, machinery and equipment 25% straight line

Pension Costs

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the statement of financial activities in the period to which they relate.

11

PBIC LTD Notes to the Accounts for the Year Ended 30 June 2024

2 Accounting policies (continued)

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is partially recoverable by the company.

Finance and operating leases

Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

Funds structure policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered on the particular circumstances.

Financial Instruments

The charity only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at their settlement value.

3
Deficit /Surplus for the Financial Year
This is stated after charging :-
Rentals under operating leases
Reporting Accountant fees
Fund Audit fees
4
Expenses paid to trustees or persons connected with trustees
The aggregate amount of expenses paid to trustees was		 2024
£
20,286
2,125
-
2024
£
120		 2023
£
15,656
1,996
-
2023
£
-

The nature of the expenses paid were Travel & Subsistence. There were payments made to one trustees during the year (2023: Nil trustee).

5
Staff Costs and Emoluments
Gross Salaries
Pension Costs
Numbers of full time employees or full time equivalents
Engaged on charitable activities		 2024
£
436,225
5,081
441,306
2024
15
15		 2023
£
470,051
5,794
475,845
2023
18
18

There were no employees with emoluments in excess of £60,000 per annum

12

PBIC LTD Notes to the Accounts

for the Year Ended 30 June 2024

6 Tangible fixed assets

Asset cost, valuation or revalued amount
At 1 July 2023
Disposals
Additions
At 30 June 2024
Accumulated depreciation and impairment provisions
At 1 July 2023
Disposals
Charge for the year
At 30 June 2024
Net book value
At 30 June 2024
At 1 July 2023
7
Debtors
Trade debtors
Accrued income
Other debtors
8
Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Accrued expenses
Accrued wages
PAYE and NI
Taxation
Pension Contributions
Funds held for third parties
Deferred income and grants in advance
9
Operating Leases
The future minimum lease payments for operating leases which expire:
within one to five years
over five years		 2024
£
9,141
19,559
1,084
29,784
2024
£
-
1,998
2,261
-
6,686
10,790
870
-
100,000
122,605
2024
£
28,000
-
28,000		 Equipment
£
4,341
-
3,199
7,540
4,341
-
799
5,140
2,400
-
2023
£
11,048
12,281
1,084
24,413
2023
£
-
4,500
1,996
-
10,268
3,858
977
60
65,967
87,626
2023
£
41,000
-
41,000

The operating lease relates to rental for premises.

13

PBIC LTD Notes to the Accounts for the Year Ended 30 June 2024

10 Particulars of Individual Funds and analysis of assets and liabilities representing funds

At 30 June 2024
Fixed Assets
Current Assets
Current Liabilities
At 1 July 2023
Current Assets
Current Liabilities		 Unrestricted
funds
£
2,400
574,112
(17,515)
558,997
Unrestricted
funds
£
344,500
(20,134)
324,366		 Restricted
funds
£
-
105,090
(105,090)
-
Restricted
funds
£
111,597
(67,492)
44,105		 Total
Funds
£
2,400
679,202
(122,605)
558,997
Total
Funds
£
456,097
(87,626)
368,471

The individual funds included above are :-

Funds at
2023
£
Big Lottery Community Fund
44,105
Settlement Scheme Grant Fund
-
The Harpur Trust Fund- YAV
-
Homeless SMART
-
Bedford & Luton Community Fund ESOL
-
P4R
-
Wixamtree Trust
-
Healing Hearts with Art
-
Unrestricted Designated Fund
36,000
Unrestricted Fund
288,366
368,471		 Movements
in
Funds
as below
£
(44,504)
-
-
-
-
-
-
-
-
235,030
190,526		 Transfers
Between
funds
£
399
-
-
-
-
-
-
-
14,000
(14,399)
-		 Funds at
2024
£
-
-
-
-
-
-
-
-
50,000
508,997
558,997

Analysis of movements in funds as shown in the table above

Incoming
Resources
£
Big Lottery Community Fund
127,015
Settlement Scheme Grant Fund
9,674
The Harpur Trust Fund- YAV
26,188
Homeless SMART
62,871
Bedford & Luton Community Fund ESOL
2,278
P4R
68,490
Wixamtree Trust
5,000
Healing Hearts with Art
4,000
Unrestricted Fund
401,394
706,910		 Outgoing
Resources
£
(171,519)
(9,674)
(42,962)
(65,656)
(2,278)
(68,490)
(5,000)
(4,000)
(166,364)
(535,943)		 Accrued
Income
£
-
-
16,774
2,785
-
-
-
-
-
19,559		 Movement
in funds
£
(44,504)
-
-
-
-
-
-
-
235,030
190,526

14

PBIC LTD Notes to the Accounts for the Year Ended 30 June 2024

10 Particulars of Individual Funds and analysis of assets and liabilities representing funds (continued)

Comparative Year
Big Lottery Community Fund
Settlement Scheme Grant Fund
The Harpur Trust Fund- YAV
Homeless SMART
ESF-BBO
The Harpur Trust Fund- UGS
Bedford & Luton Community Fund
P4R
Unrestricted Designated Fund
Unrestricted Fund		 Funds at
2022
£
44,105
-
-
-
3,297
30,000
211,884
289,286		 Movements
in
Funds
as below
£
-
-
-
-
39,301
(3,301)
-
-
-
43,185
101,379		 Transfers
Between
funds
£
-
-
-
-
(39,301)
4
-
-
6,000
33,297
-		 Funds at
2023
£
44,105
-
-
-
-
-
-
-
36,000
288,366
368,471

Analysis of movements in funds as shown in the table above

Big Lottery Community Fund
Settlement Scheme Grant Fund
The Harpur Trust Fund- YAV
Garfield Weston
ESF-BBO
The Harpur Trust Fund- UGS
Bedford & Luton Community Fund
P4R
Unrestricted Fund		 Incoming
Resources
£
125,757
33 125
,
8,812
39,791
44,499
12,500
3,722
138,563
255,908
662,677		 Outgoing
Resources
£
(125,757)
(33 125)
,
(8,812)
(39,791)
(5,198)
(15,801)
(3,722)
(138,563)
(225,004)
(595,773)		 Accrued
Income
£
-
-
-
-
-
-
-
-
12,281
12,281		 Movement
in funds
£
-
-
-
-
39,301
(3,301)
-
-
-
43,185
79,185

Big Lottery Community Fund

PBIC LTD was awarded a 5 year grant in respect of the YAR Value project and are currently in the third year of this project. The project supports vulnerable migrants with advice, learning and a listening service.

Settlement Scheme Grant Fund

This is a Home Office grant for our project supporting vulnerable migrants with securing European Union Settled Status.

The Harpur Trust Fund- Covid

The Harpur Trust funding was used to fund our “Help When You Need It Most” project, to deal with client problems that increased due to the Covid pandemic.

Garfield Weston

This is matched funding for the lottery community fund for staff costs.

ESF-BBO

Under the Building Better Opportunities Support In to Employment Programme funded through Big Lottery Community Fund and ESF, managed by Luton Borough Council, we support unemployed and inactive individuals on their path to gain employment. This project is due to end 31st March 2023.

15

PBIC LTD Notes to the Accounts for the Year Ended 30 June 2024

The Harpur Trust Fund -UGS

As a response to Ukrainian Guests arriving in Bedford Borough, PBIC proposed to become a central point of contact for those guests, who we planned to support with initial advice, interpreting and enabling access to services. Harpur Trust offered us a grant to pay for salaries for staff working on this new project.

Bedford and Luton Community Fund

As a result of initial assessment PBIC was completing for each guest arriving in Bedford, it became clear that there was an urgent need for help with summer clothing. This fund paid for vouchers which Ukrainians Gests used to purchase summer clothing.

Pathway for Recovery (P4R)

This grant was funded through ESF, offering wide comprehensive employment support, focused on helping those most disadvantaged in our communities due to the impact of COVID-19

The Harpur Trust Fund -YAV

This is a match fund helping us deliver TNLCF YAV project in its final 2 years, it is a grant contributing to the costs of employing the listening specialist and administrator.

Homeless SMART

PBIC is subcontracted to SMART to deliver homeless support to migrants in Bedford Borough. The grant pays for one full time outreach worker and one part time homeless caseworker.

Wixamtree

This grant funded our immigration advisers to help deal with overwhelming EUSS queries when funding from the Home Office stopped.

Healing Hearts with Art

Bedford Borough Council provided a grant to deliver an event offering mental health support to Ukrainian Guests. This event was delivered on the 30th March 2024 and was based around art therapy.

Designated Fund

This unrestricted fund is set aside for the charity to meet its employment liabilities in the next financial year.

11 Share Capital

The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

16

PBIC LTD

Schedule to the Statement of Financial Activities for the Year Ended 30 June 2024

Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

Unrestricted Restricted Total Prior Period
Funds Funds Funds Total Funds
2024 2024 2024 2023
£ £ £ £
Incoming Resources from generated funds
Voluntary Income
Government and public bodies
Incoming resources of a revenue nature
Bedford Borough Council 136,256 4,000 140,256 137,119
Bedford Borough Council Homeless Support - - - -
Bedford College 500 - 500 500
Department of Work & Pensions / ESF - - - -
Futures Advice 106,824 - 106,824 124,327
Home Office - 9,674 9,674 33,126
Luton Borough Council - - 44,499
University of Northampton 155,703 68,490 224,193 138,563
Total 399,283 82,164 481,447 478,134
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Bedford and Luton Community Foundation - 2,278 2,278 3,722
Big Lottery Fund Grant - - - -
Big Lottery Community Fund Grant - 127,015 127,015 125,756
Heritage Lottery Fund Grant - - - -
The Harpur Trust - 42,962 42,962 21,312
Wixamtree Trust - 5,000 5,000 -
Donations 177 - 177 5,389
Other Funded Projects - 65,656 65,656 39,791
Other Income 1,934 - 1,934 854
Total 2,111 242,911 245,022 196,824
Total Grants,Legacies & Donations Received 401,394 325,075 726,469 674,958
Total Voluntary Income 401,394 325,075 726,469 674,958
Support costs of charitable activities
Direct support costs
Gross wages and salaries - charitable activities 117,101 324,205 441,306 475,845
Volunteers' Costs - 452 452 222
117,101 324,657 441,758 476,067
Indirect employee costs
Training and welfare 1,280 2,240 3,520 5,318
Restructuring costs - - - -
Travel, subsistance and healthcare 1,750 945 2,695 2,196
3,030 3,185 6,215 7,514
Premises Costs
Rent payable 180 20,106 20,286 15,656
Rates - - - 82
Insurance 4,531 4,531 3,127
Office refurbishment / Room hire/maintenance 535 535 4,787
715 24,637 25,352 23,652

17

PBIC LTD

Schedule to the Statement of Financial Activities for the Year Ended 30 June 2024

Status of this schedule to the Statement of Financial Activities continued

General administrative expenses:
Telephone and fax
Software and IT Costs
General Office Running Costs
Social Events
Advertising and PR
Bank charges and interest
Stationery, Printing and postage
Subscriptions
Sundry expenses
Professional fees in support of charitable activities
Consultancy fees
Professional Fees - Tutors and administration
Professional Fees - Other
Other support costs
Depreciation of assets used for charitable purposes
Loss / (Profit) on disposal of assets
Expensed Equipment
Beneficiaries expenses
Fundraising
Training workshops and teaching materials
Tutors
Governance costs
Trustees' expenses
Reporting Accountant's Fees
Other Accounting Services
General Governance Costs
Fund Audit Fees
Total governance costs
Total Support costs
Total Expended on Charitable Activities		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
3,793
1,249
5,042
3,378
5,013
2,153
7,166
15,608
9,845
489
10,334
12,756
3,568
2,399
5,967
14,133
2,491
40
2,531
4,188
277
21
298
300
5,012
374
5,386
2,472
1,509
1,441
2,950
3,090
657
423
1,080
2,319
32,165
8,589
40,754
58,244
2,050
-
2,050
650
-
210
210
-
7,068
5,355
12,423
17,373
9,118
5,565
14,683
18,023
799
-
799
-
-
-
-
-
92
92
191
15
2,110
2,125
232
-
-
-
-
411
671
1,082
3,003
-
5,780
1,317
2,781
4,098
9,206
120
-
120
-
2,125
2,125
1,996
660
165
825
892
13
-
13
179
-
-
-
-
2,918
165
3,083
3,067
166,364
369,579
535,943
595,773
166,364
369,579
535,943
595,773

18

PBIC LTD

Schedule to the Statement of Financial Activities Comparative for the Year to 30th June 2023

Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

Unrestricted Restricted Total Prior Period
Funds Funds Funds Total Funds
2023 2023 2023 2022
£ £ £ £
Incoming Resources from generated funds
Voluntary Income
Government and public bodies `
Incoming resources of a revenue nature
Bedford Borough Council 137,119 - 137,119 85,080
Bedford Borough Council Homeless Support - - - -
Bedford College 500 - 500 -
Department of Work & Pensions / ESF - - - 5,611
Futures Advice 124,327 - 124,327 82,169
Home Office - 33,126 33,126 48,762
Luton Borough Council - 44,499 44,499 22,300
University of Northampton - 138,563 138,563 80,947
Total 261,946 216,188 478,134 324,869
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Bedford and Luton Community Foundation 3,722 3,722 5,000
Big Lottery Community Fund Grant - 125,756 125,756 124,695
Heritage Lottery Fund Grant - - - -
The Harpur Trust - 21,312 21,312 32,532
Garfield Weston - - - -
Donations 5,389 - 5,389 3,470
Other Funded Projects 39,791 39,791 525
Other Income 854 - 854 66
Services Provided - - - -
Total 6,243 190,581 196,824 166,288
Total Grants,Legacies & Donations Received 268,189 406,769 674,958 491,157
Total Voluntary Income 268,189 406,769 674,958 491,157
Support costs of charitable activities
Direct support costs
Gross wages and salaries - charitable activities 138,435 337,410 475,845 354,834
Volunteers' Costs 222 - 222 61
Expenses Beneficiaries - - - -
138,657 337,410 476,067 354,895
Indirect employee costs
Temporary staff and recruitment
Training and welfare 2,641 2,677 5,318 2,664
Restructuring costs - - - -
Travel and subsistence 2,163 33 2,196 963
4,804 2,710 7,514 3,627
Premises Costs
Rent payable 3,531 12,125 15,656 13,000
Rates 82 - 82 1,860
Insurance 2,000 1,127 3,127 3,065
Room Hire/ Office Refurbishment 3,124 1,663 4,787 5,941
8,737 14,915 23,652 23,866

19

PBIC LTD

Schedule to the Statement of Financial Activities Comparative for the Year to 30th June 2023

Status of this schedule to the Statement of Financial Activities continued

General administrative expenses:
Telephone and fax
Software and IT Costs
General Office Running Costs
Social Events
Advertising and PR
Bank charges and interest
Stationery, Printing and postage
Subscriptions
Sundry expenses
Professional fees in support of charitable activities
Consultancy fees
Professional Fees - Administration
Professional Fees - Other
Other support costs
Depreciation of assets used for charitable purposes
Loss / (Profit) on disposal of assets
Expensed Equipment
Beneficiaries expenses
Fundraising
Training workshops and teaching materials
Tutors
Governance costs
Trustees' expenses
Reporting Accountant's Fees
Other Accounting Services
General Governance Costs
Fund Audit Fees
Total governance costs
Total Support costs
Total Expended on Charitable Activities		 Unrestricted
Restricted
Total
Prior Period
Funds
Funds
Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
2,331
1,047
3,378
4,002
12,199
3,409
15,608
16,839
9,924
2,832
12,756
13,324
13,987
146
14,133
954
2,425
1,763
4,188
3,311
300
-
300
325
2,103
369
2,472
1,260
3,077
13
3,090
929
2,131
188
2,319
1,994
48,477
9,767
58,244
42,938
650
-
650
13,120
-
-
-
131
16,662
711
17,373
9,455
17,312
711
18,023
22,706
-
-
-
-
-
-
-
-
191
-
191
419
119
113
232
5,636
-
-
-
600
1,800
1,203
3,003
1,128
1,840
3,940
5,780
1,080
3,950
5,256
9,206
8,863
-
-
-
198
1,996
-
1,996
1,815
892
892
1,826
179
-
179
56
-
-
-
-
3,067
-
3,067
3,895
225,004
370,769
595,773
460,790
225,004
370,769
595,773
460,790

20