# Registered Company Number 6632086
Charity Number 1152448
## PBIC LTD
Report and Unaudited Accounts
for the year to 31 December 2025
**PBIC LTD**
## **Report and accounts**
## **Contents**
||**Page**|
|---|---|
|Charity and Company information|3|
|Trustees' Report|4|
|Independent Examiner's report|10|
|Statement of Financial Activities|11|
|Statement of Financial Activities (Previous year comparison)|12|
|Balance Sheet|13|
|Notes to the accounts|15|
|Schedule to the Statement of Financial Activities|23|
|Schedule to the Statement of Financial Activities (Previous year comparison)|25|
**PBIC LTD Reference and Administrative Details**
## **Directors**
Nigel Rees Chair Dominika Pawlik Appointed 28th February 2026 Monika Frak Gordon James Moritz Lank Charles Leydon Resigned 21st February 2026 Sandra Turner Resigned 21st February 2026 Gemma Chiarini Resigned 28th February 2026
## **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 3
## **PBIC LTD The report of the trustees for the year ended 31 December 2025**
## **Introduction**
The trustees present their annual report and accounts for the year ended 31st December 2025.
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**
This is the first of our new accounting periods which reflects the calendar year, in this instance it covers the period 1st January to 31st December 2025. To move us away from our previous accounting period of 1st July to 30th June, we had chosen an adjustment period covering 6 months’ worth of accounts only, July to the end of Dec 2024 which is reflected in our comparative period data.
As we had predicted in last, 6 months accounts, this subsequent 12-month period has seen a downturn in funding.
On a positive note, we managed to run our services without a loss, so our healthy reserves remain intact. This is thanks mostly to the 5-year grant awarded from the National Lottery Community Fund, that began in March 2025 for which we are extremely grateful. It is precisely this type of long-term funding that provides us with sufficient stability to plan with confidence.
Of course, at this point we were also entering the second of 5 years funding from Access to Justice through our Improving Lives Through Advice project which gives vulnerable adults the access they often need to deal with legal matters.
More often our funding can be for shorter periods. An example of this is, following our success with a small project with Bedfordshire Police and Crime Commissioner, we achieved more comprehensive two-year funding to increase our capacity to help with East and Central European female victims of domestic abuse.
Another grant to mention is The Peoples’ Postcode Lottery which is an unrestricted multiyear award providing not only financial support, but it is also a sign of our work being recognised and needed.
However, we also deliver 12 monthly or even shorter projects and regrettably these have been reduced in value.
Inevitably all the above has been experienced at a time when national and international economies have failed to grow as predicted and the sentiment for funding to support vulnerable migrants has inevitably declined.
Fortunately, through being extremely vigilant with our spending, we believe we have the reserves to help us grow even in this difficult time.
It is rather ironic that despite our funding difficulties, we are, as a charity model, feeling more confident than ever about the value and benefit of our work supporting vulnerable migrants. Our understanding of our role in the lives of so many vulnerable migrants is becoming stronger. In essence we see clients as individuals rather than as the bearers of the cases that they bring to us.
Page 4
**PBIC LTD The report of the trustees for the year ended 31 December 2025**
We have a holistic approach to clients with the use of client minders to keep track of progress that each person is making. We are also using listening in its many forms to ensure both that we fully understand their issues and also so that they begin their journey of having the time and space to express themselves.
Perhaps as a further sign of our confidence, we appear to have found ourselves at the forefront of developing an ESOL strategy for Bedford Borough and we are also responding positively to enquiries from other agencies who wish to learn from our approach.
At PBIC we are very positive about the impact that we can make in people’s lives and we are confident that we can ride out the downturn in funding provided we remain vigilant in our spending whilst at the same time we are coherent and relevant with our bespoke services.
Embedding deep listening alongside relationality, radical candour and recognising our own vulnerability has a major impact not only ensuring Equality Diversity and Inclusion but also forms the culture of commitment and owning responsibility by our PBIC team.
Without these principles supporting people in crisis, on the verge of destitution or without legal solutions to their situation (e.g. trapped in no recourse to public funds) would be just too heavy a burden for our staff and volunteers. This deep listening-based model creates a sense of togetherness that allows staff to genuinely meet with an affected individual. This translates into better trust, honesty and perseverance in achieving effective solutions by themselves.
## 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**_
- a) The prevention or relief of poverty of those in need specifically among peoples from the Central and Eastern European countries within Bedfordshire, by providing services in interpreting, translating, advice and advocacy (on health, housing, employment, education, career development and other relevant categories);
- b) For the public benefit to promote the education (including social and physical training) of people specifically among those from Central and Eastern European countries within Bedfordshire, in such ways as the charity trustees think fit, including:
Page 5
## **PBIC LTD The report of the trustees for the year ended 31 December 2025**
- i) the provision of classes in the English language and British culture;
- ii) providing their educational support, including the study of language, history or other subjects, in furtherance of their education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment.
- c) The promotion of social inclusion for the public benefit among Central and Eastern European countries within Bedfordshire, who are socially excluded on the grounds of their social and economic position, by providing:
- i) education and training in the English language and in vocational skills;
- ii) social and recreational facilities and events involving the local community; and iii) advice on and support in understanding the social and legal framework of the United Kingdom;
- d) For the public benefit to educate and promote the Polish culture and heritage to the wider British Society.
## _**Summary of main activities of the charity in relation to its objects**_
- We have begun our 5 year Warm Welcome Project Embracing Vulnerable Migrants in Our Community.
- We are now in the second year of delivering Improving Lives Through Advice funded by Access to Justice Foundation. It is a project aimed at enabling vulnerable individuals to access legal advice. This enabled vulnerable migrants to 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.
- We continue to deliver English for Speakers of Other Languages classes. As funding was particularly limited, we raised donations and involved volunteers for this delivery. During the Running Festival in September 25, we raised over £2,000 for this purpose. This is in addition to the ‘Step into English’ classes funded through Big Lottery Fund Warm Welcome project.
- Listening continues to be recognised as fundamental to our delivery. We deliver it both in a form of separate deep listening sessions and listening is also embedded into advice sessions.
- We continue with the coordination of care and support to all vulnerable Ukrainian guests temporarily settling in and around Bedford. This in turn has ensured continued job security for several Ukrainian guests to continue as PBIC employees, allowing for an all-encompassing service.
- We continue to support long term homeless migrants through our link with SMART, who are contracted to Bedford Borough Council, to take on responsibility for assisting with all homeless people living on the streets in and around Bedford.
- With further funding from the Bedfordshire Police and Crime commissioner we are stepping up delivering a comprehensive range of support for Eastern European Female Victims of Domestic Abuse, including welfare and benefits advice, health and wellbeing support, immigration and legal guidance, housing advice and practical support. A significant component of our support has involved interpreting and translation. Our two dedicated project workers enable effective communication, and they ensure that language barriers do not hinder the women’s access to essential services.
- We continued delivering careers and skills advice and guidance under National Careers Service project.
Page 6
## **PBIC LTD The report of the trustees for the year ended 31 December 2025**
- Funded through Home office we were able to provide 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.
- Our community events included Polish Heritage day and Ukrainian Independence Day.
- We worked with Bedford Creative Arts on delivering physical theatre workshops where staff, volunteers and beneficiaries come together to explore art’s role in building resilience and listening culture at PBIC and beyond.
## _**Future Plans**_
- Sustaining the PBIC as a model charity for the next 4 years as we anticipate experiencing tougher funding conditions and opportunities.
- To seek only funding opportunities that accord with our mission statement and services that we have modified and refined over many years. This will include communicating to funders and partners the importance of recognising the difficulties of each individual client’s journey and, therefore, the complexity of our work.
- In line with the above we are planning to withdraw from The National Careers Service delivery as its model being based on heavy administration which in most cases confuses and overwhelms our beneficiaries is not fit for combining with our deep listening practice.
- Convincing funders that new tools and solutions are necessary to move vulnerable clients’ forwards towards their goals.
- Continuing to embed Deep Listening in all our delivery and ensure that staff are trained to reach a consistent understanding of what constitutes Deep Listening
- We hope to develop our plans and seek funding to increase our work to prevent homelessness in Bedford.
- After successfully completing our 9th consecutive Polish Heritage Day in Bedford in May 2026 we are already looking forward to the 10-year anniversary of this celebration of Polish Culture planned to take place in May 2027.
- Continuing our drama workshops and book club as well as other art activities to ensure connection between art and our activities is visible and recognised.
## **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.
Page 7
## **PBIC LTD The report of the trustees for the year ended 31 December 2025**
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 to December of £21,250 (six months to December 2024: net incoming resources £196,882). Total funds carried forward show £777,129 (2024: £755,879) of which £112,880 (2024: £112,354) are restricted.
The total and free unrestricted reserves at the year end of 31 December 2025 stand at £664,249 (2024: £643,525). This includes £70,000 of designated funds (2024: £60,000).
## _**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:
- select suitable accounting policies and then apply them consistently;
Page 8
## **PBIC LTD**
## **The report of the trustees for the year ended 31 December 2025**
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards 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 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 6th June 2026 and signed on its behalf by:
Nigel Rees
Director and Chair of Trustees
Page 9
**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:
- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).;
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the 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 10
**PBIC LTD Statement of Financial Activities Incorporating an Income and Expenditure Account for the year to 31 December 2025**
|Notes
**Income & Endowments**
Contracts, Grants & Donations
Interest received
**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**
**Year to**
**Year to**
**Year to**
**6 months to**
**Dec-25**
**Dec-25**
**Dec-25**
**Dec-24**
**£**
**£**
**£**
**£**
179,505
373,600
553,105
463,033
7,480
-
7,480
-|
|---|---|
||186,985
373,600
560,585
463,033|
||165,343
373,992
539,335
266,151|
||165,343
373,992
539,335
266,151|
||21,642
(392)
21,250
196,882
(918)
918
-
-|
||20,724
526
21,250
196,882|
||20,724
526
21,250
196,882
-
-
-
-
643,525
112,354
755,879
558,997|
||664,249
112,880
777,129
755,879|
Page 11
## **PBIC LTD Comparative Statement of Financial Activities Incorporating an Income and Expenditure Account for the 6 months to 31st December 2024**
|**Notes**
**Income & Endowments**
Contracts, Grants & Donations
Interest received
**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 12
**PBIC LTD Balance Sheet as at 31 December 2025**
**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-25**
**£**
5,053
29,413
774,802
804,215
(32,139)
772,076
777,129
777,129
594,249
70,000
664,249
112,880
777,129|**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|**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|
|---|---|---|---|
||594,249
70,000|583,525
60,000||
||||755,879|
||||755,879|
||||643,525
112,354|
|||||
||||755,879|
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 10.
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 13
**PBIC LTD Balance Sheet as at 31 December 2025**
**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 6th June 2026
Page 14
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
## 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 15
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
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 16
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
|3.|**Deficit /Surplus for the Financial Year**|**Dec-25**|**Dec-24**|
|---|---|---|---|
|||**£**|**£**|
||This is stated after charging :-|||
||Rentals under operating leases|19,668|9,209|
||Reporting Accountant fees|3,368|2,208|
||Fund Audit fees|-|-|
|4.|**Expenses paid to trustees or persons connected with trustees**|**Dec-25**|**Dec-24**|
|||**£**|**£**|
||The aggregate amount of expenses paid to trustees was|207|107|
||_The nature of the expenses paid were Travel & Subsistence reimbursement. There_||_were no other_|
||_payments made to trustees during the year to December (six months to December_||_2024: Nil_|
||_trustee)._|||
|5.|**Staff Costs and Emoluments**|**Dec-25**|**Dec-24**|
|||**£**|**£**|
||Gross Salaries|412,188|192,264|
||Pension Costs|5,061|2,227|
|||417,249|194,491|
||**Numbers of full time employees or full time equivalents**|**Dec-25**|**Dec-24**|
||Engaged on charitable activities|12|12|
||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 January 2025||11,751|
||Disposals||-|
||Additions||1,629|
||At 31 December 2025||13,380|
||**Accumulated depreciation and impairment provisions**|||
||At 1 January 2025||6,067|
||Disposals||-|
||Charge for the year||2,260|
||At 31 December 2025||8,327|
||**Net book value**|||
||At 31 December 2025||5,053|
|||||
||At 1 January 2025||5,684|
Page 17
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
|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-25**
**£**
3,850
8,216
16,263
1,084
29,413
**Dec-25**
**£**
-
6,483
4,288
-
8,548
12,820
-
-
32,139
**Dec-25**
**£**
68,810
-
68,810|**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|
The operating lease relates to rental for premises.
## 10. **Particulars of Individual Funds and analysis of assets and liabilities representing funds**
|**Unrestricted **
_At 31 December 2025_
**Funds**
**£**
Fixed Assets
5,053
Current Assets
682,164
Current Liabilities
(22,968)
664,249
_At 31 December 2024_
Fixed Assets
5,684
Current Assets
662,813
Current Liabilities
(24,972)
643,525|**Restricted**
**Funds**
**£**
-
122,051
(9,171)
112,880
-
112,354
-
112,354|**Total**
**Funds**
**£**
5,053
804,215
(32,139)|
|---|---|---|
|||777,129|
|||5,684
775,167
(24,972)|
|||755,879|
Page 18
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
10. **Particulars of Individual Funds and analysis of assets and liabilities representing funds (Continued)**
**The individual funds included above are :-**
|**Funds at**
**Movement**
**Dec-24**
**in Funds**
**£**
**£**
Art Therapy
(900)
Bedford Creative Arts
1,475
Big Lottery Community Fund YAV
6,704
(6,704)
Big Lottery Community Fund WW25-29
21,158
DV (Police and Crime commissioner)
-
-
E VISA Translation fund
-
(10)
ELIP strand 1
344
ELIP strand 2
-
The Harpur Trust Fund- YAV
-
(8)
Homeless SMART
2,493
18,788
ILTA (Access To Justice)
95,748
(29,545)
PBIC ESOL
7,409
(4,990)
Unrestricted Designated Fund
60,000
-
Unrestricted Fund
583,525
21,642
755,879
21,250
**Analysis of movements in funds as shown in the table above**
**Incoming**
**Outgoing**
**Resources**
**Resources**
**£**
**£**
Art Therapy
**5400**
**-6300**
Bedford Creative Arts
**2457**
**-1701**
Big Lottery Community Fund YAV
-
(6,704)
Big Lottery Community Fund WW25-29
107,617
(86,459)
DV (Police and Crime commissioner)
31,529
(41,568)
E VISA Translation fund
18,475
(18,485)
ELIP strand 1
1,666
(1,322)
ELIP strand 2
5,000
(5,988)
The Harpur Trust Fund- YAV
6,921
(6,929)
Homeless SMART
79,542
(60,754)
ILTA (Access To Justice)
100,000
(129,545)
PBIC ESOL
3,247
(8,237)
Unrestricted Fund
184841
(165,343)
546,695
(539,335)|**Transfer**
**of Funds**
**£**
900
-
-
-
-
10
-
-
8
-
-
-
10,000
(10,918)
(900)
**Accrued**
**Income**
**£**
**719**
10,039
988
2144
13,890|**Funds at**
**Dec-25**
**£**
-
1,475
-
21,158
-
-
344
-
-
21,281
66,203
2,419
70,000
594,249|
|---|---|---|
|||777,129|
|||**Movement**
**in funds**
**£**
(900)
1,475
(6,704)
21,158
-
(10)
344
-
(8)
18,788
(29,545)
(4,990)
21,642|
|||21,250|
Page 19
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
10. **Particulars of Individual Funds and analysis of assets and liabilities representing funds (Continued)**
|Comparative Year
**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 Designated Fund
Unrestricted Fund
115,817
(66,844)
363,111
(266,152)|**Transfer**
**of Funds**
**£**
-
-
-
-
1,288
-
-
-
10,000
(11,288)
-
**Accrued**
**Income**
**£**
-
3,454
8,205
32,879
18,542
-
-
-
36843
99,923|**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|
## **Description of funds**
## **Art Therapy**
Funded by Bedford Borough Council this is a small grant to pay for art sessions aimed at vulnerable migrants and their families coping with stress and trauma providing space and various craft activities to offer experience of becoming a creator.
Page 20
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
## **Bedford Creative Arts**
A theatre initiative known as Held , where PBIC was to lead on establishing a theatre group for migrants and refugees. PBIC, staff, volunteers and beneficiaries involved and as a result formed a PBIC Listening Theatre group where participants can express themselves and find tools to become a creator in the mode of physical theatre.
## **Big Lottery Community Fund**
This 5 year grant in respect of our YAV project supported vulnerable migrants with advice, learning and a listening service drew to a close in March 2025.
## **Big Lottery Community Fund Warm Welcome W25-29**
A 5 year project aiming to offer a safe space to vulnerable migrants with focus on advice, listening sessions, volunteering and entry to English Learning.
## **DV funded by Bedfordshire Police and Crime Commissioner’s Office (grant)**
Comprehensive range of support for Eastern European Female Victims of domestic Abuse 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.
## **E Visa –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.
## **ELIP Strand 1 and Strand 2:**
**Strand 1** delivering ESOL with Art classes to 98 participants combining teaching English with therapeutic aspects of becoming a creator through art engagement.
**Strand 2** getting local ESOL providers together and preparing a draft ESOL strategy for Bedford Borough.
## **The Harpur Trust Fund -YAV**
This grant match funded our YAV scheme for its final 2 years.
## **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.
Page 21
**PBIC LTD Notes to the Accounts for the year to 31 December 2025**
## **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 enable 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 and subsequently Warm Welcome, we were able to put on additional 8 classes
## **Designated Fund**
This unrestricted fund is set aside for the charity to meet its employment liabilities in the next financial year.
## **General Funds**
The General Fund is generated by unrestricted donations and income from contract work with our beneficiaries. Currently our contracts are with Bedford Borough Council and Futures. The Bedford Borough Council contract is for the Ukrainian Guest Scheme, now in its fifth year, which supports vulnerable Ukrainians settling in Bedford along with their British host. The Futures contract allows PBIC to deliver careers and skills advice under a national Careers Service project.
## 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 22
## **PBIC LTD Schedule of the Statement of Financial Activities for the year to 31 December 2025**
## **Detailed Statement of Financial Activities**
|**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
||**Unrestricted **|**Restricted**|**Total**|**Prior Period**|
||**Funds**|**Funds**|**Funds**|**Total Funds**|
||**Dec-25**|**Dec-25**|**Dec-25**|**Dec-24**|
||**£**|**£**|**£**|**£**|
|**Incoming Resources from generated funds**|||||
|**Voluntary Income**|||||
|**Government and public bodies**|||||
|**Incoming resources of a revenue nature**|||||
|Bedford Borough Council|133,968|5,400|139,368|115,530|
|Bedford Borough Council Homeless Support|-|-|-|18,542|
|Bedford College|-|-|-|-|
|Futures Advice|41,794||41,794|37,078|
|Home Office|-|18,475|18,475|11,525|
|Local Government East|-|7,654|7,654|-|
|Police and Crime Commissioner Bedford|-|41,568|41,568|3,453|
||-|-|-|-|
|**Total**|**175,762**|**73,097**|**248,859**|**186,128**|
|**Non government and non public bodies**|||||
|**Incoming resources of a revenue nature - grants, donations**||**and legacies**|||
|Bedford Creative Arts|-|3,176|3,176|-|
|Access to Justice|-|-|-|150,000|
|Big Lottery Community Fund Grant|-|107,617|107,617|50,771|
|The Harpur Trust|-|6,921|6,921|41,105|
|SMART|-|79,542|79,542|25,936|
|Donations|2,310|3,247|5,557|4,093|
|Other Funded Projects|1,000|100,000|101,000|-|
|Other Income|433|-|433|5,000|
|**Total**|**3,743**|**300,503**|**304,246**|**276,905**|
|**Total Grants, Legacies & Donations Received**|**179,505**|**373,600**|**553,105**|**463,033**|
|**Interest received**|**7,480**|**-**|**7,480**|**-**|
|**Total Voluntary Income and Interest**|**186,985**|**373,600**|**560,585**|**463,033**|
|**_Support costs of charitable activities_**|||||
|**_Direct support costs_**|||||
|Gross wages and salaries - charitable activities|98,781|318,468|417,249|194,491|
|Volunteers' Costs|139|257|396|-|
|Expenses Beneficiaries|-|-|-|-|
||**98,920**|**318,725**|**417,645**|**194,491**|
|**_Indirect employee costs_**|||||
|Temporary staff and recruitment|||||
|Training and welfare|3,235|4,012|7,247|3,749|
|Restructuring costs|||-|-|
|Travel, subsistence and healthcare|3,199|3,035|6,234|2,514|
||**6,434**|**7,047**|**13,481**|**6,263**|
Page 23
## **PBIC LTD Schedule of the Statement of Financial Activities for the year to 31 December 2025**
## **Status of this schedule to the Statement of Financial Activities continued**
||**Unrestricted **|**Restricted**|**Total**|**Prior Period**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**Total Funds**|
||Dec-25|Dec-25|Dec-25|Dec-24|
||**£**|**£**|**£**|**£**|
|**_Premises Costs_**|||||
|Rent payable|1,514|18,154|19,668|9,209|
|Rates|1,133||1,133|142|
|Insurance|1,886|2,481|4,367|1,915|
|Office refurbishment / Room hire/maintenance|648|2,221|2,869|475|
||**5,181**|**22,856**|**28,037**|**11,741**|
|**_General administrative expenses:_**|||||
|Telephone and fax|6,589|536|7,125|2,291|
|Software and IT Costs|7,277|1,316|8,593|1,497|
|General Office Running Costs|8,388|423|8,811|4,754|
|Social Events for beneficiaries|4,823|9,927|14,750|21,743|
|Advertising and PR|2,976|577|3,553|1,741|
|Bank charges and interest|254|120|374|89|
|Stationery, Printing and postage|4,665|6|4,671|1,567|
|Subscriptions|2,465|775|3,240|1,468|
|Sundry expenses|1,552|1,562|3,114|1,355|
||**38,989**|**15,242**|**54,231**|**36,505**|
|**_Professional fees in support of charitable activities_**|||||
|Consultancy fees|||-|2,700|
|Professional Fees - Tutors and administration||828|828|-|
|Professional Fees - Other|5,354|6,184|11,538|4,448|
||**5,354**|**7,012**|**12,366**|**7,148**|
|**_Other support costs_**|||||
|Depreciation of assets used for charitable purpos|2,260||2,260|926|
|Expensed and hired equipment|3,717|385|4,102|1,229|
|Beneficiaries expenses|17|201|218|4,327|
|Fundraising|587|60|647|-|
|Training workshops and teaching materials|945|1,794|2,739|842|
|Tutors|-|-|-|-|
||**7,526**|**2,440**|**9,966**|**7,324**|
|**_Governance costs_**|||||
|Trustees' expenses|106|101|207|107|
|Reporting Accountant's Fees|2,833|535|3,368|2,208|
|Other Accounting Services|-|-|-|330|
|General Governance Costs|-|34|34|34|
|Fund Audit Fees|-|-|-|-|
|**Total governance costs**|**2,939**|**670**|**3,609**|**2,679**|
||||||
|**Total Support costs**|**165,343**|**373,992**|**539,335**|**266,151**|
||||||
|**Total Expended on Charitable Activities**|**165,343**|**373,992**|**539,335**|**266,151**|
Page 24
## **PBIC LTD Schedule to the Statement of Financial Activities Comparative for the 6 Months to 31 December 2024**
||**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 and subsistence|515|1,999|2,514|2,695|
||**785**|**5,478**|**6,263**|**6,215**|
Page 25
## **PBIC LTD Schedule to the Statement of Financial Activities Comparative for the 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|
|Room Hire/ Office Refurbishment||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|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 - 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 purposes|926|-|926|799|
|Expensed 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 26