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← Pbic Ltd

2024-12-31-accounts

Registered Company Number 6632086

Charity Number 1152448

PBIC LTD

Report and Unaudited Accounts

for six months to 31 December 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 12
Schedule to the Statement of Financial Activities 20
Schedule to the Statement of Financial Activities (Previous year comparison) 22

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

Page 1

PBIC LTD The report of the trustees for the six months ended 31 December 2024

Introduction

The trustees present their annual report and accounts for the six months ended 31st December 2024.

PBIC LTD (PBIC) is a charity established to support the integration of migrants from European countries 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 reason we are presenting our latest figures today, just 6 months after our last AGM, requires some explanation.

In line with our practice of reviewing all aspects of PBIC operations we have realised that our accounting period does not really suit us. It has run from 1st July to 30 June the following year which really points to an AGM, where these figures can be presented, sometime in December. This is often unsatisfactory because of the pressure of finding a suitable date that as many trustees (who are volunteers) as possible can attend. In practice this has meant that we have sometimes held our AGM in January or February the following year which has led us to trying to focus on figures from 2 previous calendar years, ie in our last AGM in February 2025 we were talking about 2023! This is simply not good enough if we want to remain current and progressive.

As a Board we decided to change the period to January to end of December which gave us a choice for the first period. We could either make it 6 months or 18 months. Initially, for obvious reasons, 18 months appeared the more attractive option. However, on further reflection we have chosen the shorter period for the first review. This is because during such a difficult economic climate in which we are applying for further funding we want to be clear to any funding or contracting party about our financial situation.

And it really is a difficult economic climate where funding is tough to achieve for any charity and where those supporting migrants are not an obvious priority. However, we saw this downturn coming and we are in as reasonable a position as is possible to sustain us through what may be a difficult 12 to 18 months for PBIC after March 2025. Meanwhile we must remain careful in our spending and be aware of the need for excellence in our actions, in our dealings with clients, funders and the community.

Despite the economic backdrop there are 2 specific matters that we have picked up during this last financial period.

The first is that we have won a contract from the Police and Crime Commissioner for Bedfordshire to help east and central European female victims of domestic abuse. This was perhaps easier than we first imagined as we already have a wealth of experience in this area, almost without realising it!

The second is the implementation of our Improving Lives Through Advice project. This is a 5 year extensive scheme that seeks to give vulnerable people, in our case migrants, the access that they need to deal with legal matters. This is a scheme where we can assist with low level legal advice ourselves and where we have identified partners that we can refer onto to help with more complicated matters. This is another example of where a funders requirement particularly suits our operational model.

Page 2

PBIC LTD The report of the trustees for the six months ended 31 December 2024

Due to the close watch we keep on our finances and because of how we interact with funders and the local community generally there are no surprises in the figures being presented today and because of our awareness of the present economic climate we feel confident about the challenges that the year ahead may bring.

Nigel Rees Chair of Trustees

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: 17th June 2013 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

Page 3

PBIC LTD The report of the trustees for the six months ended 31 December 2024

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

Page 4

PBIC LTD The report of the trustees for the six months ended 31 December 2024

Future Plans

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 5 and not exceed a maximum of 9.

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.

Page 5

PBIC LTD The report of the trustees for the six months ended 31 December 2024

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 six months to December of £196,882 (year to June 2024: net incoming resources £190,526). Total funds carried forward show £755,879 (June 2024: £558,997) of which £112,354 (June 2024: £nil) are restricted.

The total and free unrestricted reserves at the year end of 31 December 2024 stand at £643,525 (30June 2024: £558,997). This includes £60,000 of designated funds ( June 2024: £50,000).

Share Capital

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

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 14th June 2025 and signed on its behalf by:

Director and Chair of Trustees

Nigel Rees

Page 6

Independent Examiner's Report to the Trustees of 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 Institute 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 Service Birmingham Voluntary Service Council Latham House, 33-34 Paradise Street Birmingham, B1 2AJ

Page 7

PBIC LTD Statement of Financial Activities Incorporating an Income and Expenditure Account for 6 months to 31 December 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		 Unrestricted
Restricted
Total
Prior Period
Funds
Funds
Funds
Total Funds
6 months to
6 months to 6 months to
12 months to
Dec-24
Dec-24
Dec-24
Jun-24
£
£
£
£
152,660
310,373
463,033
726,469
152,660
310,373
463,033
726,469
66,844
199,307
266,151
535,943
66,844
199,307
266,151
535,943
85,816
111,066
196,882
190,526
(1,288)
1,288
-
-
84,528
112,354
196,882
190,526
84,528
112,354
196,882
190,526
-
-
-
-
558,997
-
558,997
368,471
643,525
112,354
755,879
558,997

Page 8

PBIC LTD Comparative 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		 Unrestricted Restricted
Total
Prior Period
Funds
Funds
Funds
Total Funds
Jun-24
Jun-24
Jun-24
Jun-23
£
£
£
£
401,394
325,075
726,469
674,958
401,394
325,075
726,469
674,958
166,364
369,579
535,943
595,773
166,364
369,579
535,943
595,773
235,030
(44,504)
190,526
79,185
(399)
399
-
-
234,631
(44,105)
190,526
79,185
234,631
(44,105)
190,526
79,185
324,366
44,105
368,471
289,286
558,997
-
558,997
368,471

Page 9

PBIC LTD Balance Sheet as at 31 December 2024

Company Number 06632086

Notes
Fixed assets
Tangible assets
6.
Total fixed assets
Current assets
Debtors
7.
Cash at bank and in hand
Total current assets
Creditors:
amounts due within one year
8.
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity :
Unrestricted income funds
Unrestricted accumulated funds
10.
Designated funds
10.
Total unrestricted funds
Restricted Funds
10.
Total charity funds		 Dec-24
£
5,684
106,154
669,013
775,167
(24,972)
750,195
755,879
755,879
583,525
60,000
643,525
112,354
755,879		 Jun-24
£
2,400
29,784
649,418
679,202
(122,605)
556,597
558,997
558,997
508,997
50,000
558,997
-
558,997		 Jun-24
£
2,400
29,784
649,418
679,202
(122,605)
556,597
558,997
558,997
508,997
50,000
558,997
-
558,997
583,525
60,000		 508,997
50,000
558,997
558,997
558,997
-
558,997

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.

Page 10

PBIC LTD Balance Sheet as at 31 December 2024

Company Number 06632086

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 14th June 2025

Page 11

PBIC LTD Notes to the Accounts for 6 months to 31 December 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

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.

Page 12

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

2. Accounting policies (continued)

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.

Equipment and office furniture 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.

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.

Page 13

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

3. Deficit /Surplus for the Financial Year Dec-24 Jun-24
£ £
This is stated after charging :-
Rentals under operating leases 9,209 20,286
Reporting Accountant fees 2,208 2,125
Fund Audit fees - -
4. Expenses paid to trustees or persons connected with trustees Dec-24 Jun-24
£ £
The aggregate amount of expenses paid to trustees was 107 120
The nature of the expenses paid were Travel & Subsistence reimbursement. There were no other
payments made to trustees during the six months to December (June 2024: Nil trustee).
5. Staff Costs and Emoluments Dec-24 Jun-24
£ £
Gross Salaries 192,264 436,225
Pension Costs 2,227 5,081
194,491 441,306
Numbers of full time employees or full time equivalents Dec-24 Jun-24
Engaged on charitable activities 12 15
There were no employees with emoluments in excess of £60,000 per annum
6. Tangible fixed assets
Equipment
& office
furniture
£
Asset cost, valuation or revalued amount
At 1 July 2024 7,540
Disposals -
Additions 4,211
At 31 December 2024 11,751
Accumulated depreciation and impairment provisions
At 1 July 2024 5,140
Disposals -
Charge for the year 927
At 31 December 2024 6,067
Net book value
At 31 December 2024 5,684
At 1 July 2024 2,400

Page 14

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

7.
Debtors
Trade debtors
Prepaid expenses
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
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		 Dec-24
£
175
4,972
99,923
1,084
106,154
Dec-24
£
-
4,265
4,690
-
6,413
9,604
-
-
24,972
Dec-24
£
21,500
-
21,500		 Jun-24
£
9,141
-
19,559
1,084
29,784
Jun-24
£
-
1,998
2,261
-
6,686
10,790
870
100,000
122,605
Jun-24
£
28,000
-
28,000

The operating lease relates to rental for premises.

Page 15

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

  1. Particulars of Individual Funds and analysis of assets and liabilities representing funds
Unrestricted
At 31 December 2024
Funds
£
Fixed Assets
5,684
Current Assets
662,813
Current Liabilities
(24,972)
643,525
At 31 July 2024
Fixed Assets
2,400
Current Assets
574,112
Current Liabilities
(17,515)
558,997
The individual funds included above are :-
Funds at
Movement
Jun-24
in Funds
£
£
YAV Big Lottery Community Fund
-
6,704
DV (Police and Crime commissioner)
-
-
E VISA Translation fund
-
-
The Harpur Trust Fund- YAV
-
-
Healing Hearts with Art
-
(1,288)
Homeless SMART
-
2,493
ILTA (Access To Justice)
-
95,748
PBIC ESOL
-
7,409
Unrestricted Designated Fund
50,000
-
Unrestricted Fund
508,997
85,816
558,997
196,882
Analysis of movements in funds as shown in the table above
Incoming
Outgoing
Resources
Resources
£
£
YAV Big Lottery Community Fund
50,771
(44,067)
DV (Police and Crime commissioner)
-
(3,454)
E VISA Translation fund
3,320
(11,525)
The Harpur Trust Fund- YAV
8,226
(41,105)
Healing Hearts with Art
-
(19,830)
Homeless SMART
25,936
(23,443)
ILTA (Access To Justice)
150,000
(54,252)
PBIC ESOL
9,041
(1,632)
Unrestricted Fund
115817
(66,844)
363,111
(266,152)		 Restricted
Funds
£
-
112,354
-
112,354
-
105,090
(105,090)
-
Transfer
of Funds
£
-
-
-
-
1288
-
-
-
10,000
(11,288)
-
Accrued
Income
£
-
3,454
8,205
32,879
18,542
-
-
-
36843
99,923		 Total
Funds
£
5,684
775,167
(24,972)
755,879
2,400
679,202
(122,605)
558,997
Funds at
Dec-24
£
6,704
-
-
-
-
2,493
95,748
7,409
60,000
583,525
755,879
Movement
in funds
£
6,704
-
-
-
(1,288)
2,493
95,748
7,409
85,816
196,882

Page 16

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

  1. Particulars of Individual Funds and analysis of assets and liabilities representing funds (Continued)
Comparative Year
Funds at
Movement
Jun-23
in Funds
£
£
Big Lottery Community Fund
44,105
(44,504)
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
235,030
368,471
190,526
Analysis of movements in funds as shown in the table above
Incoming
Outgoing
Resources
Resources
£
£
Big Lottery Community Fund
127,015
(171,519)
Settlement Scheme Grant Fund
9,674
(9,674)
The Harpur Trust Fund- YAV
26,188
(42,962)
Homeless SMART
62,871
(65,656)
Bedford & Luton Community Fund ESOL
2,278
(2,278)
P4R
68,490
(68,490)
Wixamtree Trust
5,000
(5,000)
Healing Hearts with Art
4,000
(4,000)
Unrestricted Designated Fund
Unrestricted Fund
401,394
(166,364)
706,910
(535,943)		 Transfer
of Funds
£
399
-
-
-
-
-
-
-
14,000
(14,399)
-
Accrued
Income
£
-
-
16,774
2,785
-
-
-
-
-
19,559		 Funds at
Jun-24
£
-
-
-
-
-
-
-
-
50,000
508,997
558,997
Movement
in funds
£
(44,504)
-
-
-
-
-
-
-
235,030
190,526

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.

Page 17

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

DV funded by Bedfordshire Police and Crime Commissioner’s Office (grant)

Comprehensive range of support for Eastern European Female Victims of domestic Abuse t, including: welfare and benefits advice, health and wellbeing support, immigration and legal guidance, housing advice and practical support. A significant component of our support involved interpreting and translation. Our two dedicated project workers speak Polish, Romanian, and English, helping enable effective communication/listening and ensuring that language barriers do not hinder the women’s access to essential services.

EVisa –eVisa Transition Fund funded by Home Office (grant)

Support to vulnerable migrants related to the eVisa transition including direct assistance with submitting eVisa applications, advice on updating personal details, managing login information, navigating the UKVI system, and accessing digital support. Advisers also frequently supported clients with contacting the Resolution Centre and provided language support throughout. We have cases where expired or missing ID documents caused difficulties & where possible, we have supported clients in obtaining these documents.

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.

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.

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.

ILTA –Improving Lives Through Advice funded by Access to Justice Foundation, (grant)

It is a project aiming at enabling vulnerable individuals to access legal advice. We enabled this access internally to our specialist, low level legal advice especially in immigration, welfare, housing and health and through referrals to more specialist advice or law centres including GYROS, CAB, Law Protect etc. Thanks to this project PBIC is hoping to develop our database, active listening element of our service and become more confident in improving our delivery, collecting better data, understanding its aspiration and contribution to service design and development and becoming a beacon for delivery of good practice for charities engaging with vulnerable migrants and other vulnerable groups.

PBIC ESOL (funded by donations)

English for Speakers of Other Languages classes have always formed part of PBIC delivery. Recently funding for these is limited so we created a separate pot for raising donations for this delivery. During the Running Festival in September last year, we raised over £3,000 for this purpose. As a result, as well as ‘Step into English’ classes funded through Big Lottery Fund as part of YAV, we were able to put on additional 8 classes from September to December.

Page 18

PBIC LTD Notes to the Accounts for 6 months to 31 December 2024

Settlement Scheme Grant Fund

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

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

Wixamtree

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

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.

Page 19

PBIC LTD Schedule of the Statement of Financial Activities for 6 months to 31 December 2024

Detailed Statement of Financial Activities

Detailed Statement of Financial Activities
**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
Dec-24 Dec-24 Dec-24 Jun-24
£ £ £ £
Incoming Resources from generated funds
Voluntary Income
Government and public bodies
Incoming resources of a revenue nature
Bedford Borough Council 110,530 5,000 115,530 140,256
Bedford Borough Council Homeless Support - 18,542 18,542 -
Bedford College - - - 500
Futures Advice 37,078 - 37,078 106,824
Home Office - 11,525 11,525 9,674
Police and Crime Commissioner Bedford - 3,453 3,453 -
University of Northampton - - - 224,193
Total 147,608 38,520 186,128 481,447
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Bedford and Luton Community Foundation - 2,278
Access to Justice - 150,000 150,000 -
Big Lottery Community Fund Grant - 50,771 50,771 127,015
The Harpur Trust - 41,105 41,105 42,962
Wixamtree Trust - - - 5,000
Donations 52 4,041 4,093 177
Other Funded Projects - 25,936 25,936 65,656
Other Income 5,000 - 5,000 1,934
Total 5,052 271,853 276,905 245,022
Total Grants, Legacies & Donations Received 152,660 310,373 463,033 726,469
Total Voluntary Income 152,660 310,373 463,033 726,469
Support costs of charitable activities
Direct support costs
Gross wages and salaries - charitable activities 42,434 152,057 194,491 441,306
Volunteers' Costs - - - 452
Expenses Beneficiaries - - - -
42,434 152,057 194,491 441,758
Indirect employee costs
Temporary staff and recruitment
Training and welfare 270 3,479 3,749 3,520
Restructuring costs - - - -
Travel, subsistence and healthcare 515 1,999 2,514 2,695
785 5,478 6,263 6,215

Page 20

PBIC LTD Schedule of the Statement of Financial Activities for 6 months to 31 December 2024

Status of this schedule to the Statement of Financial Activities continued

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
Dec-24 Dec-24 Dec-24 Jun-24
£ £ £ £
Premises Costs
Rent payable - 9,209 9,209 20,286
Rates 142 - 142 -
Insurance - 1,915 1,915 4,531
Office refurbishment / Room hire/maintenance 475 475 535
142 11,599 11,741 25,352
General administrative expenses:
Telephone and fax 2,216 75 2,291 5,042
Software and IT Costs 1,462 35 1,497 7,166
General Office Running Costs 4,684 70 4,754 10,334
Social Events for beneficiaries 2,284 19,459 21,743 5,967
Advertising and PR 1,446 295 1,741 2,531
Bank charges and interest 19 70 89 298
Stationery, Printing and postage 1,514 53 1,567 5,386
Subscriptions 1,073 395 1,468 2,950
Sundry expenses 734 621 1,355 978
15,432 21,073 36,505 40,652
Professional fees in support of charitable activities
Consultancy fees - 2,700 2,700 2,050
Professional Fees - Tutors and administration - - - 210
Professional Fees - Other 1,109 3,339 4,448 12,423
1,109 6,039 7,148 14,683
Other support costs
Depreciation of assets used for charitable purpos 926 - 926 799
Expensed and hired equipment 614 615 1,229 92
Beneficiaries expenses 4,254 73 4,327 2,125
Fundraising - - - -
Training workshops and teaching materials 206 636 842 1,184
Tutors - - - -
6,000 1,324 7,324 4,200
Governance costs
Trustees' expenses - 107 107 120
Reporting Accountant's Fees 908 1,300 2,208 2,125
Other Accounting Services - 330 330 825
General Governance Costs 34 - 34 13
Fund Audit Fees - - - -
Total governance costs 942 1,737 2,679 3,083
Total Support costs 66,844 199,307 266,151 535,943
Total Expended on Charitable Activities 66,844 199,307 266,151 535,943

Page 21

PBIC LTD Schedule to the Statement of Financial Activities Comparative for the Year to 30th June 2024

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
Jun-24 Jun-24 Jun-24 Jun-23
£ £ £ £
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 College 500 - 500 500
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 Community Fund Grant - 127,015 127,015 125,756
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
Services Provided - - - -
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
Expenses Beneficiaries - - - -
117,101 324,657 441,758 476,067
Indirect employee costs
Temporary staff and recruitment
Training and welfare 1,280 2,240 3,520 5,318
Restructuring costs - - - -
Travel and subsistence 1,750 945 2,695 2,196
3,030 3,185 6,215 7,514

Page 22

PBIC LTD Schedule to the Statement of Financial Activities Comparative for the Year to 30th June 2024

Status of this schedule to the Statement of Financial Activities continued

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
Jun-24 Jun-24 Jun-24 Jun-23
£ £ £ £
Premises Costs
Rent payable 180 20,106 20,286 15,656
Rates - - - 82
Insurance - 4,531 4,531 3,127
Room Hire/ Office Refurbishment 535 - 535 4,787
715 24,637 25,352 23,652
General administrative expenses:
Telephone and fax 3,793 1,249 5,042 3,378
Software and IT Costs 5,013 2,153 7,166 15,608
General Office Running Costs 9,845 489 10,334 12,756
Social Events 3,568 2,399 5,967 14,133
Advertising and PR 2,491 40 2,531 4,188
Bank charges and interest 277 21 298 300
Stationery, Printing and postage 5,012 374 5,386 2,472
Subscriptions 1,509 1,441 2,950 3,090
Sundry expenses 555 423 978 2,319
32,063 8,589 40,652 58,244
Professional fees in support of charitable activities
Consultancy fees 2,050 - 2,050 650
Professional Fees - Administration - 210 210 -
Professional Fees - Other 7,068 5,355 12,423 17,373
9,118 5,565 14,683 18,023
Other support costs
Depreciation of assets used for charitable purposes 799 - 799 -
Expensed Equipment 92 92 191
Beneficiaries expenses 15 2,110 2,125 232
Fundraising - - - -
Training workshops and teaching materials 513 671 1,184 3,003
Tutors - - - 5,780
1,419 2,781 4,200 9,206
Governance costs
Trustees' expenses 120 - 120 -
Reporting Accountant's Fees 2,125 2,125 1,996
Other Accounting Services 660 165 825 892
General Governance Costs 13 - 13 179
Fund Audit Fees - - - -
Total governance costs 2,918 165 3,083 3,067
Total Support costs 166,364 369,579 535,943 595,773
Total Expended on Charitable Activities 166,364 369,579 535,943 595,773

Page 23